0000844779 bf1:C000155940Member 2015-07-31 2015-07-31 0000844779 bf1:C000155941Member 2015-07-31 2015-07-31 0000844779 bf1:C000163604Member 2015-07-31 2015-07-31 0000844779 bf1:Russell3000IndexMember 2015-07-31 2015-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-07-31 2015-07-31 0000844779 bf1:C000155940Member 2015-08-01 2017-07-31 0000844779 bf1:C000155941Member 2015-08-01 2017-07-31 0000844779 bf1:C000163604Member 2015-08-01 2017-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2017-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2017-07-31 0000844779 bf1:C000155940Member 2015-08-01 2018-07-31 0000844779 bf1:C000155941Member 2015-08-01 2018-07-31 0000844779 bf1:C000163604Member 2015-08-01 2018-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2018-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2018-07-31 0000844779 bf1:C000155940Member 2015-08-01 2019-07-31 0000844779 bf1:C000155941Member 2015-08-01 2019-07-31 0000844779 bf1:C000163604Member 2015-08-01 2019-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2019-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2019-07-31 0000844779 bf1:C000155940Member 2015-08-01 2021-07-31 0000844779 bf1:C000155941Member 2015-08-01 2021-07-31 0000844779 bf1:C000163604Member 2015-08-01 2021-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2021-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2021-07-31 0000844779 bf1:C000155940Member 2015-08-01 2022-07-31 0000844779 bf1:C000155941Member 2015-08-01 2022-07-31 0000844779 bf1:C000163604Member 2015-08-01 2022-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2022-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2022-07-31 0000844779 bf1:C000155940Member 2015-08-01 2023-07-31 0000844779 bf1:C000155941Member 2015-08-01 2023-07-31 0000844779 bf1:C000163604Member 2015-08-01 2023-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2023-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2023-07-31 0000844779 bf1:C000155940Member 2015-08-01 2024-07-31 0000844779 bf1:C000155941Member 2015-08-01 2024-07-31 0000844779 bf1:C000163604Member 2015-08-01 2024-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2024-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2024-07-31 0000844779 bf1:C000159048Member 2015-08-13 2015-08-13 0000844779 bf1:C000159049Member 2015-08-13 2015-08-13 0000844779 bf1:C000159050Member 2015-08-13 2015-08-13 0000844779 bf1:C000159051Member 2015-08-13 2015-08-13 0000844779 bf1:C000159052Member 2015-08-13 2015-08-13 0000844779 bf1:C000159053Member 2015-08-13 2015-08-13 0000844779 bf1:Russell2500TMIndexMember 2015-08-13 2015-08-13 0000844779 bf1:Russell3000IndexMember 2015-08-13 2015-08-13 0000844779 bf1:C000159048Member 2015-08-13 2025-07-31 0000844779 bf1:C000159049Member 2015-08-13 2025-07-31 0000844779 bf1:C000159050Member 2015-08-13 2025-07-31 0000844779 bf1:C000159051Member 2015-08-13 2025-07-31 0000844779 bf1:C000159052Member 2015-08-13 2025-07-31 0000844779 bf1:C000159053Member 2015-08-13 2025-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-13 2025-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-13 2025-07-31 0000844779 bf1:C000159048Member 2015-08-14 2016-07-31 0000844779 bf1:C000159049Member 2015-08-14 2016-07-31 0000844779 bf1:C000159050Member 2015-08-14 2016-07-31 0000844779 bf1:C000159051Member 2015-08-14 2016-07-31 0000844779 bf1:C000159052Member 2015-08-14 2016-07-31 0000844779 bf1:C000159053Member 2015-08-14 2016-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2016-07-31 0000844779 bf1:C000159048Member 2015-08-14 2017-07-31 0000844779 bf1:C000159049Member 2015-08-14 2017-07-31 0000844779 bf1:C000159050Member 2015-08-14 2017-07-31 0000844779 bf1:C000159051Member 2015-08-14 2017-07-31 0000844779 bf1:C000159052Member 2015-08-14 2017-07-31 0000844779 bf1:C000159053Member 2015-08-14 2017-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2017-07-31 0000844779 bf1:C000159048Member 2015-08-14 2018-07-31 0000844779 bf1:C000159049Member 2015-08-14 2018-07-31 0000844779 bf1:C000159050Member 2015-08-14 2018-07-31 0000844779 bf1:C000159051Member 2015-08-14 2018-07-31 0000844779 bf1:C000159052Member 2015-08-14 2018-07-31 0000844779 bf1:C000159053Member 2015-08-14 2018-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2018-07-31 0000844779 bf1:C000159048Member 2015-08-14 2019-07-31 0000844779 bf1:C000159049Member 2015-08-14 2019-07-31 0000844779 bf1:C000159050Member 2015-08-14 2019-07-31 0000844779 bf1:C000159051Member 2015-08-14 2019-07-31 0000844779 bf1:C000159052Member 2015-08-14 2019-07-31 0000844779 bf1:C000159053Member 2015-08-14 2019-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2019-07-31 0000844779 bf1:C000159048Member 2015-08-14 2020-07-31 0000844779 bf1:C000159049Member 2015-08-14 2020-07-31 0000844779 bf1:C000159050Member 2015-08-14 2020-07-31 0000844779 bf1:C000159051Member 2015-08-14 2020-07-31 0000844779 bf1:C000159052Member 2015-08-14 2020-07-31 0000844779 bf1:C000159053Member 2015-08-14 2020-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2020-07-31 0000844779 bf1:C000159048Member 2015-08-14 2021-07-31 0000844779 bf1:C000159049Member 2015-08-14 2021-07-31 0000844779 bf1:C000159050Member 2015-08-14 2021-07-31 0000844779 bf1:C000159051Member 2015-08-14 2021-07-31 0000844779 bf1:C000159052Member 2015-08-14 2021-07-31 0000844779 bf1:C000159053Member 2015-08-14 2021-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2021-07-31 0000844779 bf1:C000159048Member 2015-08-14 2022-07-31 0000844779 bf1:C000159049Member 2015-08-14 2022-07-31 0000844779 bf1:C000159050Member 2015-08-14 2022-07-31 0000844779 bf1:C000159051Member 2015-08-14 2022-07-31 0000844779 bf1:C000159052Member 2015-08-14 2022-07-31 0000844779 bf1:C000159053Member 2015-08-14 2022-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2022-07-31 0000844779 bf1:C000159048Member 2015-08-14 2023-07-31 0000844779 bf1:C000159049Member 2015-08-14 2023-07-31 0000844779 bf1:C000159050Member 2015-08-14 2023-07-31 0000844779 bf1:C000159051Member 2015-08-14 2023-07-31 0000844779 bf1:C000159052Member 2015-08-14 2023-07-31 0000844779 bf1:C000159053Member 2015-08-14 2023-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2023-07-31 0000844779 bf1:C000159048Member 2015-08-14 2024-07-31 0000844779 bf1:C000159049Member 2015-08-14 2024-07-31 0000844779 bf1:C000159050Member 2015-08-14 2024-07-31 0000844779 bf1:C000159051Member 2015-08-14 2024-07-31 0000844779 bf1:C000159052Member 2015-08-14 2024-07-31 0000844779 bf1:C000159053Member 2015-08-14 2024-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2024-07-31 0000844779 bf1:C000159048Member 2015-08-14 2025-07-31 0000844779 bf1:C000159049Member 2015-08-14 2025-07-31 0000844779 bf1:C000159050Member 2015-08-14 2025-07-31 0000844779 bf1:C000159051Member 2015-08-14 2025-07-31 0000844779 bf1:C000159052Member 2015-08-14 2025-07-31 0000844779 bf1:C000159053Member 2015-08-14 2025-07-31 0000844779 bf1:Russell2500TMIndexMember 2015-08-14 2025-07-31 0000844779 2024-08-01 2025-07-31 0000844779 bf1:C000155940Member 2015-08-01 2020-07-31 0000844779 bf1:C000155941Member 2015-08-01 2020-07-31 0000844779 bf1:C000163604Member 2015-08-01 2020-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2020-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2020-07-31 0000844779 bf1:C000155940Member 2020-08-01 2025-07-31 0000844779 bf1:C000155941Member 2020-08-01 2025-07-31 0000844779 bf1:C000159048Member 2020-08-01 2025-07-31 0000844779 bf1:C000159049Member 2020-08-01 2025-07-31 0000844779 bf1:C000159050Member 2020-08-01 2025-07-31 0000844779 bf1:C000159051Member 2020-08-01 2025-07-31 0000844779 bf1:C000159052Member 2020-08-01 2025-07-31 0000844779 bf1:C000159053Member 2020-08-01 2025-07-31 0000844779 bf1:C000163604Member 2020-08-01 2025-07-31 0000844779 bf1:Russell2500TMIndexMember 2020-08-01 2025-07-31 0000844779 bf1:Russell3000IndexMember 2020-08-01 2025-07-31 0000844779 bf1:RussellMidcapIndexMember 2020-08-01 2025-07-31 0000844779 bf1:C000155940Member 2015-08-01 2016-07-31 0000844779 bf1:C000155941Member 2015-08-01 2016-07-31 0000844779 bf1:C000163604Member 2015-08-01 2016-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2016-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2016-07-31 0000844779 bf1:C000155940Member 2024-08-01 2025-07-31 0000844779 bf1:C000155941Member 2024-08-01 2025-07-31 0000844779 bf1:C000159048Member 2024-08-01 2025-07-31 0000844779 bf1:C000159049Member 2024-08-01 2025-07-31 0000844779 bf1:C000159050Member 2024-08-01 2025-07-31 0000844779 bf1:C000159051Member 2024-08-01 2025-07-31 0000844779 bf1:C000159052Member 2024-08-01 2025-07-31 0000844779 bf1:C000159053Member 2024-08-01 2025-07-31 0000844779 bf1:C000163604Member 2024-08-01 2025-07-31 0000844779 bf1:Russell2500TMIndexMember 2024-08-01 2025-07-31 0000844779 bf1:Russell3000IndexMember 2024-08-01 2025-07-31 0000844779 bf1:RussellMidcapIndexMember 2024-08-01 2025-07-31 0000844779 bf1:C000155940Member 2015-08-01 2025-07-31 0000844779 bf1:C000155941Member 2015-08-01 2025-07-31 0000844779 bf1:C000163604Member 2015-08-01 2025-07-31 0000844779 bf1:Russell3000IndexMember 2015-08-01 2025-07-31 0000844779 bf1:RussellMidcapIndexMember 2015-08-01 2025-07-31 0000844779 bf1:C000155940Member 2025-07-31 0000844779 bf1:C000155940Member bf1:BankOfNewYorkMellonCorpMember 2025-07-31 0000844779 bf1:C000155940Member bf1:CloudflareIncClassAMember 2025-07-31 0000844779 bf1:C000155940Member bf1:CoinbaseGlobalIncClassAMember 2025-07-31 0000844779 bf1:C000155940Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000155940Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000155940Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000155940Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000155940Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000155940Member bf1:HiltonWorldwideHoldingsIncMember 2025-07-31 0000844779 bf1:C000155940Member bf1:HowmetAerospaceIncMember 2025-07-31 0000844779 bf1:C000155940Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000155940Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000155940Member bf1:ISharesRussellMidCapETFMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000155940Member 2025-07-31 0000844779 bf1:C000155940Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000155940Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 bf1:C000155940Member bf1:RobinhoodMarketsIncClassAMember 2025-07-31 0000844779 bf1:C000155940Member bf1:ROBLOXCorpClassAMember 2025-07-31 0000844779 bf1:C000155940Member bf1:RoyalCaribbeanCruisesLtdMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000155940Member 2025-07-31 0000844779 bf1:C000155940Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000155940Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000155940Member bf1:VistraCorpMember 2025-07-31 0000844779 bf1:C000155941Member 2025-07-31 0000844779 bf1:C000155941Member bf1:BankOfNewYorkMellonCorpMember 2025-07-31 0000844779 bf1:C000155941Member bf1:CloudflareIncClassAMember 2025-07-31 0000844779 bf1:C000155941Member bf1:CoinbaseGlobalIncClassAMember 2025-07-31 0000844779 bf1:C000155941Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000155941Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000155941Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000155941Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000155941Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000155941Member bf1:HiltonWorldwideHoldingsIncMember 2025-07-31 0000844779 bf1:C000155941Member bf1:HowmetAerospaceIncMember 2025-07-31 0000844779 bf1:C000155941Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000155941Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000155941Member bf1:ISharesRussellMidCapETFMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000155941Member 2025-07-31 0000844779 bf1:C000155941Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000155941Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 bf1:C000155941Member bf1:RobinhoodMarketsIncClassAMember 2025-07-31 0000844779 bf1:C000155941Member bf1:ROBLOXCorpClassAMember 2025-07-31 0000844779 bf1:C000155941Member bf1:RoyalCaribbeanCruisesLtdMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000155941Member 2025-07-31 0000844779 bf1:C000155941Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000155941Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000155941Member bf1:VistraCorpMember 2025-07-31 0000844779 bf1:C000159048Member 2025-07-31 0000844779 bf1:C000159048Member bf1:AlphabetIncClassAMember 2025-07-31 0000844779 bf1:C000159048Member bf1:AlphabetIncClassCMember 2025-07-31 0000844779 bf1:C000159048Member bf1:AmazonComIncMember 2025-07-31 0000844779 bf1:C000159048Member bf1:AppleIncMember 2025-07-31 0000844779 bf1:C000159048Member bf1:BerkshireHathawayIncClassBMember 2025-07-31 0000844779 bf1:C000159048Member bf1:BroadcomIncMember 2025-07-31 0000844779 bf1:C000159048Member oef:CommunicationsSectorMember 2025-07-31 0000844779 bf1:C000159048Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159048Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159048Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159048Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159048Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159048Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159048Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159048Member 2025-07-31 0000844779 bf1:C000159048Member bf1:MetaPlatformsIncClassAMember 2025-07-31 0000844779 bf1:C000159048Member bf1:MicrosoftCorpMember 2025-07-31 0000844779 bf1:C000159048Member bf1:NVIDIACorpMember 2025-07-31 0000844779 bf1:C000159048Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159048Member 2025-07-31 0000844779 bf1:C000159048Member bf1:TeslaIncMember 2025-07-31 0000844779 bf1:C000159048Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159048Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000159049Member 2025-07-31 0000844779 bf1:C000159049Member bf1:AlphabetIncClassAMember 2025-07-31 0000844779 bf1:C000159049Member bf1:AlphabetIncClassCMember 2025-07-31 0000844779 bf1:C000159049Member bf1:AmazonComIncMember 2025-07-31 0000844779 bf1:C000159049Member bf1:AppleIncMember 2025-07-31 0000844779 bf1:C000159049Member bf1:BerkshireHathawayIncClassBMember 2025-07-31 0000844779 bf1:C000159049Member bf1:BroadcomIncMember 2025-07-31 0000844779 bf1:C000159049Member oef:CommunicationsSectorMember 2025-07-31 0000844779 bf1:C000159049Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159049Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159049Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159049Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159049Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159049Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159049Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159049Member 2025-07-31 0000844779 bf1:C000159049Member bf1:MetaPlatformsIncClassAMember 2025-07-31 0000844779 bf1:C000159049Member bf1:MicrosoftCorpMember 2025-07-31 0000844779 bf1:C000159049Member bf1:NVIDIACorpMember 2025-07-31 0000844779 bf1:C000159049Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159049Member 2025-07-31 0000844779 bf1:C000159049Member bf1:TeslaIncMember 2025-07-31 0000844779 bf1:C000159049Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159049Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000159050Member 2025-07-31 0000844779 bf1:C000159050Member bf1:AlphabetIncClassAMember 2025-07-31 0000844779 bf1:C000159050Member bf1:AlphabetIncClassCMember 2025-07-31 0000844779 bf1:C000159050Member bf1:AmazonComIncMember 2025-07-31 0000844779 bf1:C000159050Member bf1:AppleIncMember 2025-07-31 0000844779 bf1:C000159050Member bf1:BerkshireHathawayIncClassBMember 2025-07-31 0000844779 bf1:C000159050Member bf1:BroadcomIncMember 2025-07-31 0000844779 bf1:C000159050Member oef:CommunicationsSectorMember 2025-07-31 0000844779 bf1:C000159050Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159050Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159050Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159050Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159050Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159050Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159050Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159050Member 2025-07-31 0000844779 bf1:C000159050Member bf1:MetaPlatformsIncClassAMember 2025-07-31 0000844779 bf1:C000159050Member bf1:MicrosoftCorpMember 2025-07-31 0000844779 bf1:C000159050Member bf1:NVIDIACorpMember 2025-07-31 0000844779 bf1:C000159050Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159050Member 2025-07-31 0000844779 bf1:C000159050Member bf1:TeslaIncMember 2025-07-31 0000844779 bf1:C000159050Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159050Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000159051Member 2025-07-31 0000844779 bf1:C000159051Member bf1:AsteraLabsIncMember 2025-07-31 0000844779 bf1:C000159051Member bf1:CaseySGeneralStoresIncMember 2025-07-31 0000844779 bf1:C000159051Member bf1:ComfortSystemsUSAIncMember 2025-07-31 0000844779 bf1:C000159051Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159051Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159051Member bf1:EMCORGroupIncMember 2025-07-31 0000844779 bf1:C000159051Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159051Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159051Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159051Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159051Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000159051Member bf1:ISharesRussell2000ETFMember 2025-07-31 0000844779 bf1:C000159051Member bf1:JabilIncMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159051Member 2025-07-31 0000844779 bf1:C000159051Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000159051Member bf1:NiSourceIncMember 2025-07-31 0000844779 bf1:C000159051Member bf1:NutanixIncClassAMember 2025-07-31 0000844779 bf1:C000159051Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159051Member 2025-07-31 0000844779 bf1:C000159051Member bf1:SoFiTechnologiesIncMember 2025-07-31 0000844779 bf1:C000159051Member bf1:TapestryIncMember 2025-07-31 0000844779 bf1:C000159051Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159051Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000159052Member 2025-07-31 0000844779 bf1:C000159052Member bf1:AsteraLabsIncMember 2025-07-31 0000844779 bf1:C000159052Member bf1:CaseySGeneralStoresIncMember 2025-07-31 0000844779 bf1:C000159052Member bf1:ComfortSystemsUSAIncMember 2025-07-31 0000844779 bf1:C000159052Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159052Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159052Member bf1:EMCORGroupIncMember 2025-07-31 0000844779 bf1:C000159052Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159052Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159052Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159052Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159052Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000159052Member bf1:ISharesRussell2000ETFMember 2025-07-31 0000844779 bf1:C000159052Member bf1:JabilIncMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159052Member 2025-07-31 0000844779 bf1:C000159052Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000159052Member bf1:NiSourceIncMember 2025-07-31 0000844779 bf1:C000159052Member bf1:NutanixIncClassAMember 2025-07-31 0000844779 bf1:C000159052Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159052Member 2025-07-31 0000844779 bf1:C000159052Member bf1:SoFiTechnologiesIncMember 2025-07-31 0000844779 bf1:C000159052Member bf1:TapestryIncMember 2025-07-31 0000844779 bf1:C000159052Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159052Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000159053Member 2025-07-31 0000844779 bf1:C000159053Member bf1:AsteraLabsIncMember 2025-07-31 0000844779 bf1:C000159053Member bf1:CaseySGeneralStoresIncMember 2025-07-31 0000844779 bf1:C000159053Member bf1:ComfortSystemsUSAIncMember 2025-07-31 0000844779 bf1:C000159053Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000159053Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000159053Member bf1:EMCORGroupIncMember 2025-07-31 0000844779 bf1:C000159053Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000159053Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000159053Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000159053Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000159053Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000159053Member bf1:ISharesRussell2000ETFMember 2025-07-31 0000844779 bf1:C000159053Member bf1:JabilIncMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000159053Member 2025-07-31 0000844779 bf1:C000159053Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000159053Member bf1:NiSourceIncMember 2025-07-31 0000844779 bf1:C000159053Member bf1:NutanixIncClassAMember 2025-07-31 0000844779 bf1:C000159053Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000159053Member 2025-07-31 0000844779 bf1:C000159053Member bf1:SoFiTechnologiesIncMember 2025-07-31 0000844779 bf1:C000159053Member bf1:TapestryIncMember 2025-07-31 0000844779 bf1:C000159053Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000159053Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000163604Member 2025-07-31 0000844779 bf1:C000163604Member bf1:BankOfNewYorkMellonCorpMember 2025-07-31 0000844779 bf1:C000163604Member bf1:CloudflareIncClassAMember 2025-07-31 0000844779 bf1:C000163604Member bf1:CoinbaseGlobalIncClassAMember 2025-07-31 0000844779 bf1:C000163604Member oef:ConsumerDiscretionarySectorMember 2025-07-31 0000844779 bf1:C000163604Member oef:ConsumerStaplesSectorMember 2025-07-31 0000844779 bf1:C000163604Member us-gaap:EnergySectorMember 2025-07-31 0000844779 bf1:C000163604Member us-gaap:FinancialServicesSectorMember 2025-07-31 0000844779 bf1:C000163604Member us-gaap:HealthcareSectorMember 2025-07-31 0000844779 bf1:C000163604Member bf1:HiltonWorldwideHoldingsIncMember 2025-07-31 0000844779 bf1:C000163604Member bf1:HowmetAerospaceIncMember 2025-07-31 0000844779 bf1:C000163604Member oef:IndustrialSectorMember 2025-07-31 0000844779 bf1:C000163604Member oef:InformationTechnologySectorMember 2025-07-31 0000844779 bf1:C000163604Member bf1:ISharesRussellMidCapETFMember 2025-07-31 0000844779 bf1:LiabilitiesInExcessOfOtherAssetsMember bf1:C000163604Member 2025-07-31 0000844779 bf1:C000163604Member oef:MaterialsSectorMember 2025-07-31 0000844779 bf1:C000163604Member us-gaap:RealEstateSectorMember 2025-07-31 0000844779 bf1:C000163604Member bf1:RobinhoodMarketsIncClassAMember 2025-07-31 0000844779 bf1:C000163604Member bf1:ROBLOXCorpClassAMember 2025-07-31 0000844779 bf1:C000163604Member bf1:RoyalCaribbeanCruisesLtdMember 2025-07-31 0000844779 us-gaap:ShortTermInvestmentsMember bf1:C000163604Member 2025-07-31 0000844779 bf1:C000163604Member oef:UnclassifiedSectorMember 2025-07-31 0000844779 bf1:C000163604Member oef:UtilitiesSectorMember 2025-07-31 0000844779 bf1:C000163604Member bf1:VistraCorpMember 2025-07-31 iso4217:USD iso4217:USD shares pure shares utr:D bf1:Holding 10000 11867 20391 10000 10000 10000 10348 10000 10000 29014 29642 23235 21736 18206 29753 14529 22604 34277 33459 19667 34405 22204 13250 23135 19896 23073 10557 11905 10575 10324 10000 10578 13378 12130 14250 21548 23203 10000 22546 12215 12276 10000 12270 11842 13967 15113 20379 10444 14355 20768 13858 10344 14259 14055 14272 14153 10000 10446 29389 18356 11897 15111 13906 13824 15258 15279 25165 19680 22250 14283 13769 13643 16936 16707 13952 20593 16904 10000 18739 11798 18675 23126 18260 23506 20258 14032 23451 10434 33998 24273 13797 21724 21785 17917 21382 19734 10400 14289 20528 13348 14574 11782 22290 24553 24472 24017 20543 19308 25806 14039 20394 18753 10000 10312 20695 20781 23258 25962 13386 23168 10000 18215 11806 14118 14575 20304 10437 13917 11730 16765 14102 25950 23180 N-1A 0000844779 false N-CSR BlackRock Funds 2025-07-31 iShares Russell Mid-Cap Index Fund Institutional Shares BRMIX This annual shareholder report contains important information about iShares Russell Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Institutional Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>10</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.09<span>%</span></td> </tr> </table> 10 0.0009 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Institutional Shares returned 11.85%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 12.06%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 1, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254262.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">10 Years</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Institutional Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.85</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.17</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">9.94</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.02</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.06</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.24</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.01</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Institutional Shares 0.1185 0.1217 0.0994 Russell 3000® Index 0.1568 0.1519 0.1302 Russell Midcap® Index 0.1206 0.1224 0.1001 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>2,161,064,013</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">821</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>398,633</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">17<span>%</span></td> </tr> </table> 2161064013 821 398633 0.17 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">18.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">15.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(2.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.181 0.153 0.119 0.112 0.088 0.072 0.062 0.056 0.052 0.050 0.048 0.035 -0.028 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 0.005 0.005 iShares Russell Mid-Cap Index Fund Investor A Shares BRMAX This annual shareholder report contains important information about iShares Russell Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Investor A Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>38</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.36<span>%</span></td> </tr> </table> 38 0.0036 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Investor A Shares returned 11.62%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 12.06%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 1, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254249.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">10 Years</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Investor A Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.62</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.88</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">9.67</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.02</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.06</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.24</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.01</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Investor A Shares 0.1162 0.1188 0.0967 Russell 3000® Index 0.1568 0.1519 0.1302 Russell Midcap® Index 0.1206 0.1224 0.1001 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>2,161,064,013</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">821</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>398,633</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">17<span>%</span></td> </tr> </table> 2161064013 821 398633 0.17 2015-11-30 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">18.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">15.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(2.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.181 0.153 0.119 0.112 0.088 0.072 0.062 0.056 0.052 0.050 0.048 0.035 -0.028 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 0.005 0.005 iShares Russell Mid-Cap Index Fund Class K Shares BRMKX This annual shareholder report contains important information about iShares Russell Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Class K Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>4</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.04<span>%</span></td> </tr> </table> 4 0.0004 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Class K Shares returned 11.95%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 12.06%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 1, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254315.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">10 Years</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Class K Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.95</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.23</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.00</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.02</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell Midcap<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.06</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.24</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.01</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Class K Shares 0.1195 0.1223 0.1000 Russell 3000® Index 0.1568 0.1519 0.1302 Russell Midcap® Index 0.1206 0.1224 0.1001 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>2,161,064,013</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">821</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>398,633</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">17<span>%</span></td> </tr> </table> 2161064013 821 398633 0.17 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">18.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">15.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">7.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(2.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.181 0.153 0.119 0.112 0.088 0.072 0.062 0.056 0.052 0.050 0.048 0.035 -0.028 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell Mid-Cap ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Royal Caribbean Cruises Ltd.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Coinbase Global, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">ROBLOX Corp., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Robinhood Markets, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Bank of New York Mellon Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Howmet Aerospace, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Vistra Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.6</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Cloudflare, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Hilton Worldwide Holdings, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 0.005 0.005 iShares Russell Small/Mid-Cap Index Fund Institutional Shares BSMIX This annual shareholder report contains important information about iShares Russell Small/Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Institutional Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>11</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.11<span>%</span></td> </tr> </table> 11 0.0011 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Institutional Shares returned 4.19%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell 2500™ Index returned 4.28%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254064.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Institutional Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">4.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.89</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.78</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 2500<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">™</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">4.28</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.00</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.81</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Institutional Shares 0.0419 0.1089 0.0878 Russell 3000® Index 0.1568 0.1519 0.1318 Russell 2500™ Index 0.0428 0.1100 0.0881 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>994,272,756</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,469</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>200,102</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">36<span>%</span></td> </tr> </table> 994272756 2469 200102 0.36 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">20.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">17.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(8.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.203 0.174 0.133 0.119 0.109 0.065 0.050 0.037 0.037 0.030 0.038 0.088 -0.083 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.004 0.004 0.004 0.004 0.004 0.003 0.003 0.003 0.003 0.003 iShares Russell Small/Mid-Cap Index Fund Investor A Shares BSMAX This annual shareholder report contains important information about iShares Russell Small/Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Investor A Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>38</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.37<span>%</span></td> </tr> </table> 38 0.0037 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Investor A Shares returned 3.99%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell 2500™ Index returned 4.28%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254051.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Investor A Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">3.99</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.63</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.53</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 2500<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">™</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">4.28</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.00</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.81</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Investor A Shares 0.0399 0.1063 0.0853 Russell 3000® Index 0.1568 0.1519 0.1318 Russell 2500™ Index 0.0428 0.1100 0.0881 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>994,272,756</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,469</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>200,102</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">36<span>%</span></td> </tr> </table> 994272756 2469 200102 0.36 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">20.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">17.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(8.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.203 0.174 0.133 0.119 0.109 0.065 0.050 0.037 0.037 0.030 0.038 0.088 -0.083 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.004 0.004 0.004 0.004 0.004 0.003 0.003 0.003 0.003 0.003 iShares Russell Small/Mid-Cap Index Fund Class K Shares BSMKX This annual shareholder report contains important information about iShares Russell Small/Mid-Cap Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Class K Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>7</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.07<span>%</span></td> </tr> </table> 7 0.0007 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Class K Shares returned 4.24%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68% and the Russell 2500™ Index returned 4.28%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254117.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Class K Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">4.24</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">10.94</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.83</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 2500<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">™</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">4.28</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">11.00</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">8.81</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Class K Shares 0.0424 0.1094 0.0883 Russell 3000® Index 0.1568 0.1519 0.1318 Russell 2500™ Index 0.0428 0.1100 0.0881 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>994,272,756</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,469</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>200,102</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">36<span>%</span></td> </tr> </table> 994272756 2469 200102 0.36 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">20.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">17.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">13.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">11.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.5</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Materials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">8.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(8.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.203 0.174 0.133 0.119 0.109 0.065 0.050 0.037 0.037 0.030 0.038 0.088 -0.083 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">EMCOR Group, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">iShares Russell 2000 ETF</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Comfort Systems USA, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">SoFi Technologies, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Jabil, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Tapestry, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NiSource, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Astera Labs, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Casey's General Stores, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Nutanix, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">0.3</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.004 0.004 0.004 0.004 0.004 0.003 0.003 0.003 0.003 0.003 iShares Total U.S. Stock Market Index Fund Institutional Shares BITSX This annual shareholder report contains important information about iShares Total U.S. Stock Market Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Institutional Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>6</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.06<span>%</span></td> </tr> </table> 6 0.0006 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Institutional Shares returned 15.64%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254183.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Institutional Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.64</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.16</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Institutional Shares 0.1564 0.1519 0.1316 Russell 3000® Index 0.1568 0.1519 0.1318 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>4,143,611,817</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,685</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>366,423</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">8<span>%</span></td> </tr> </table> 4143611817 2685 366423 0.08 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">31.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Communication Services</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(1.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.313 0.142 0.106 0.098 0.092 0.090 0.049 0.031 0.024 0.024 0.027 0.016 -0.012 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.068 0.064 0.050 0.037 0.027 0.022 0.018 0.015 0.014 0.014 iShares Total U.S. Stock Market Index Fund Investor A Shares BASMX This annual shareholder report contains important information about iShares Total U.S. Stock Market Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Investor A Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>36</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.33<span>%</span></td> </tr> </table> 36 0.0033 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Investor A Shares returned 15.32%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254130.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Investor A Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.32</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">14.90</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">12.88</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Investor A Shares 0.1532 0.1490 0.1288 Russell 3000® Index 0.1568 0.1519 0.1318 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>4,143,611,817</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,685</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>366,423</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">8<span>%</span></td> </tr> </table> 4143611817 2685 366423 0.08 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">31.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Communication Services</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(1.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.313 0.142 0.106 0.098 0.092 0.090 0.049 0.031 0.024 0.024 0.027 0.016 -0.012 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.068 0.064 0.050 0.037 0.027 0.022 0.018 0.015 0.014 0.014 iShares Total U.S. Stock Market Index Fund Class K Shares BKTSX This annual shareholder report contains important information about iShares Total U.S. Stock Market Index Fund (the “Fund”) for the period of August 1, 2024 to July 31, 2025. annual shareholder report You can find additional information about the Fund at <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com/fundreports</span>. You can also request this information by contacting us at (800) 441‑7762. blackrock.com/fundreports (800) 441‑7762 <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:ExpensesTextBlock"> <b>What were the </b> <b>Fund</b> <b> costs for the </b> <b>last year</b> <b>?</b> </div><div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">(based on a hypothetical $10,000 investment)</div> <table style="break-inside:avoid;margin-top:2pt;table-layout:auto;width:100%;border-collapse:collapse"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: left;">Class name</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs of a $10,000<br/> investment</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-weight: bold; font-size: 9pt; line-height: 11pt; color: rgb(0, 0, 0); background-color: rgb(255, 206, 0); text-align: center; padding-top: 2pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0;">Costs paid as a percentage of a<br/> $10,000 investment</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); overflow-x: hidden; padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; font-size: 8pt; line-height: 10pt; text-align: left;">Class K Shares</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;"><span style="float:none">$</span>2</td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); padding-top: 4pt; padding-right: 0; padding-bottom: 2pt; padding-left: 0; text-align: center; font-size: 8pt; line-height: 10pt;">0.02<span>%</span></td> </tr> </table> 2 0.0002 <div style="margin-bottom:0px;"> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;margin-top:0px;"> <b>How did the </b> <b>Fund</b> <b> perform </b> <b>last year</b> <b>?</b> </div> </div> <ul style="padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; margin-top: 3.5pt; margin-right: 0; margin-bottom: 3.5pt; margin-left: 0; break-inside: avoid;"> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the reporting period ended July 31, 2025, the Fund’s Class K Shares returned 15.63%.</div> </li> <li style="padding-left: 4pt; font-family: 'Arial'; font-size: 8pt; line-height: 12.32pt; text-align: justify; list-style-type: disc; color: rgb(0, 0, 0); margin-left: 34px;"> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;">For the same period, the Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index returned 15.68%.</div> </li> </ul> <div style="break-inside:avoid;margin-bottom:3.5pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the third quarter of 2024, a mix of optimism and caution characterized the U.S. equity markets. A weaker than expected Consumer Price Index (“CPI”) print in July 2024 led to a confident first month of the quarter, extending the bull market of the first two quarters. However, a lower-than-expected jobs report in August increased concerns about an economic slowdown in the United States. This led to a temporary sell-off in the second month of the quarter, as anxiety emerged that The Federal Reserve’s (“the Fed”) rate hiking cycle was weighing on the economy more than intended. In their September 2024 meeting, the Federal Reserve Open Market Committee (“FOMC”) lowered the Federal Funds rate by 50 basis-points, emphasizing their commitment to their dual mandate, which led to a rebound in U.S. equity markets, leading several indices to new all-time highs.</div> </div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the fourth quarter 2024 in positive territory, despite a slight sell off in October and December. A strong November rally following Donald Trump’s decisive reelection sent equity prices higher, especially presumed ‘Trump Trades,’ or sectors/companies that would benefit from the President’s domestic economic agenda. The Fed cut rates by a combined 50 basis points across its November and December meetings, signaling continued progress in bringing inflation down to the 2% target. The FOMC revised its anticipated rate cut projections for 2025, from four to only two cuts, prompting a selloff in December 2024 as investors processed expectations for stickier inflation. Chairman Powell highlighted that labor market conditions had generally eased, with the unemployment rate moving up but still low at 4.2% in November.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">In the first quarter of 2025, domestic U.S. equities finished in negative territory as the U.S. administration pursued significant changes in global trade dynamics. A series of tariffs were announced and partially implemented, including reciprocal tariffs that mirrored those imposed on U.S. products by other countries. The economic uncertainty stemming from these tariffs led to a significant sell-off, causing the S&amp;P 500 to briefly fall into correction territory in mid-March 2025. In January, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%. However, policymakers signaled that they still anticipated two rate cuts in 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;">Domestic U.S. equities finished the second quarter 2025 in positive territory as the U.S administration pursued significant changes in global trade dynamics. Market volatility peaked in April 2025, with the CBOE Volatility Index (“VIX”) reaching multi-year highs amid tariff uncertainty. This volatility receded as the quarter progressed, and many risks appeared to be contained. Also in April, the U.S. administration announced a 90-day pause on most of the previously proposed tariffs that were set to take place later in April, eventually suspending additional tariffs above a 10% base rate for most countries, with this pause set to expire in early July. In May and June 2025, the FOMC decided to maintain the interest rates within the target range of 4.25% to 4.5%, each signaling a cautious stance as inflation fought towards 2%. However, the market was still signaling an anticipated two rate cuts in the second half of 2025.</div> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify;color:rgb(0, 0, 0);margin-bottom:3.5pt;"> <i>The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.</i> </div> </div> <div style="break-inside:avoid;"> <div style="margin-bottom:5pt;"> <div style="break-inside:avoid;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;" title="oef:FactorsAffectingPerfTextBlock">Fund performance </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Cumulative performance: August 13, 2015 through July 31, 2025 </div> </div> <div style="margin-top:0px;margin-bottom:0px;font-kerning:none;font-family:'arial';font-size:9pt;color:rgb(0, 0, 0);">Initial investment of $10,000</div> </div> <div style="margin-top:5pt;margin-bottom:5pt;"> <img alt="Fund Performance - Growth of 10K" src="g80441chartimages_6254196.jpg" style="display: block; margin-left: auto; margin-right: auto; width: 525pt;"/> </div> <div style="padding-left:10pt;margin-bottom:7.2pt;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;text-indent:-10pt;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;"> See “Average annual total returns” for additional information on fund performance.</div> </div> </div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px" title="oef:AvgAnnlRtrTableTextBlock"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; width: auto; font-family: 'Arial'; font-weight: bold; font-style: normal; font-size: 10pt; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;">Average annual total returns</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0; width: auto;"></td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; width: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="break-after:avoid;border-bottom-style:none;border-bottom-width:initial;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: 60%; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">1 Year</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">5 Years</td> <td style="padding-left: 0; padding-right: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; width: auto; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Since Fund<br/> Inception</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; width: auto; padding-right: 0; font-family: 'Arial'; font-weight: normal; font-style: italic; font-size: 8pt; line-height: 10pt; white-space: nowrap; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-bottom: 0; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Class K Shares</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.63</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.23</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.20</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"><span>%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-top: 2pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; font-kerning: none; text-align: left; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; width: 100%; text-indent: -6pt; font-size: 8pt; line-height: 10pt;">Russell 3000<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">®</sup> Index</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.68</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">15.19</td> <td style="padding-left: 0; padding-right: 6pt; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); width: auto; font-size: 8pt; line-height: 10pt;">13.18</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-size: 8pt; line-height: 10pt;"></td> </tr> </table> Class K Shares 0.1563 0.1523 0.1320 Russell 3000® Index 0.1568 0.1519 0.1318 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; padding-left: 0; padding-right: 0; width: auto; font-family: 'Arial'; font-weight: bold; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-bottom: 1.5pt; margin-bottom: 0;">Key Fund statistics</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; padding-left: 6pt; padding-right: 6pt; font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Assets</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>4,143,611,817</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Number of Portfolio Holdings</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;">2,685</td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 0; text-indent: -6pt;">Net Investment Advisory Fees</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 0;"><span style="float:none">$</span>366,423</td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; padding-left: 6pt; padding-right: 6pt; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-size: 8pt; line-height: 10pt; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-bottom: 1.6pt; text-indent: -6pt;">Portfolio Turnover Rate</td> <td style="break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-left: 6pt; padding-right: 6pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 10pt; width: 12%; padding-top: 1.6pt; padding-bottom: 1.6pt;">8<span>%</span></td> </tr> </table> 4143611817 2685 366423 0.08 2015-08-13 Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. Visit <span style="color:rgb(0, 0, 0);font-weight:bold;text-decoration-line:none;font-family:'arial';font-size:8pt;line-height:10.4pt;text-align:justify">blackrock.com</span> for more recent performance information. <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-weight:bold;font-size:10pt;color:rgb(0, 0, 0);margin-bottom:-0.18pt;">What did the Fund invest in?</div><div style="margin-top:0px;font-kerning:none;font-family:'arial';text-align:justify;font-size:9pt;line-height:11.4pt;color:rgb(0, 0, 0);margin-bottom:0px;">(as of July 31, 2025)</div> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 0; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Sector</strong><strong> allocation</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt; width: auto;"><em>Sector<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></em></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 6pt;"><em>Percent of<br/> Net Assets</em></td> <td style="padding-left: 6pt; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Information Technology</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">31.3</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Financials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">14.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Discretionary</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">10.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Industrials</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.8</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Communication Services</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Health Care</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">9.0</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Consumer Staples</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">4.9</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Energy</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.1</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Utilities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Real Estate</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.4</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Other*</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Short-Term Securities</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.6</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Liabilities in Excess of Other Assets</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">(1.2</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>)</span></td> </tr> </table> <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table> <table style="border-collapse:collapse;break-inside:avoid;width:100%;margin-top:0px"> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; padding-top: 1.6pt; padding-right: 6pt; padding-bottom: 0; padding-left: 0; vertical-align: top; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; width: initial; text-indent: 0; color: rgb(0, 0, 0);"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(a)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; text-indent: 0; color: rgb(0, 0, 0); padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Excludes short-term securities.</div></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;border-bottom-color:initial"> <td style="break-inside: avoid-page; font-kerning: none; overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 6pt; padding-bottom: 0; padding-left: 0; width: initial; vertical-align: top; text-indent: 0;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">​<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">*</sup></div></td> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; font-family: 'Arial'; font-style: normal; font-size: 7pt; line-height: 9pt; text-align: justify; color: rgb(0, 0, 0); padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; width: 100%;"> <div style="margin-top:0px;font-kerning:none;font-family:'arial';font-style:normal;font-size:7pt;line-height:9pt;text-align:justify;vertical-align:top;color:rgb(0, 0, 0);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom:0px;">Ten largest sectors are presented. Additional sectors are found in Other.</div></td> </tr> </table> 0.313 0.142 0.106 0.098 0.092 0.090 0.049 0.031 0.024 0.024 0.027 0.016 -0.012 <table style="break-inside:avoid;table-layout:auto;width:100%;border-collapse:collapse;margin-top:0px"> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;background-color:rgb(255, 206, 0);border-bottom-color:rgb(0, 0, 0)"> <td colspan="3" style="break-inside: avoid-page; vertical-align: bottom; white-space: nowrap; width: auto; font-family: 'Arial'; font-weight: normal; font-style: normal; font-size: 10pt; line-height: normal; text-align: left; text-indent: 0; letter-spacing: normal; text-transform: none; font-kerning: none; color: rgb(0, 0, 0); margin-top: 0; padding-top: 2pt; padding-right: 6pt; padding-bottom: 1.5pt; padding-left: 0; margin-bottom: 0;"><strong>Ten largest holdings</strong></td> </tr> <tr style="break-after:avoid;border-bottom-style:solid;border-bottom-width:0.5pt;break-inside:avoid-page;height:auto;font-family:'arial';font-style:italic;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; white-space: nowrap; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Security<sup style="vertical-align:0.5em;font-size:smaller;line-height:0px">(b)</sup></td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; font-kerning: none; white-space: nowrap; padding-top: 1.6pt; padding-bottom: 0; padding-left: 0;">Percent of<br/> Net Assets</td> <td style="padding-left: 0; width: auto; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; text-align: left; white-space: nowrap; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0;"></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">NVIDIA Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span>%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Microsoft Corp.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">6.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Apple, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">5.0</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Amazon.com, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">3.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Meta Platforms, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.7</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Broadcom, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">2.2</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class A</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.8</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Alphabet, Inc., Class C</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.5</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:initial;border-bottom-style:none;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:initial"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; padding-left: 6pt; text-indent: -6pt;">Berkshire Hathaway, Inc., Class B</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 0; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 0; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> <tr style="border-bottom-width:0.5pt;border-bottom-style:solid;break-inside:avoid-page;height:auto;font-family:'arial';font-style:normal;font-size:8pt;line-height:10pt;border-bottom-color:rgb(0, 0, 0)"> <td style="break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); overflow-x: hidden; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial; font-weight: normal; text-align: left; width: 100%; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; padding-left: 6pt; text-indent: -6pt;">Tesla, Inc.</td> <td style="padding-right: 0; break-inside: avoid-page; vertical-align: bottom; text-align: right; padding-top: 2pt; padding-bottom: 1.6pt; padding-left: 0; font-kerning: none; color: rgb(0, 0, 0); width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;">1.4</td> <td style="padding-left: 0; break-inside: avoid-page; vertical-align: bottom; font-kerning: none; color: rgb(0, 0, 0); text-align: left; padding-top: 1.6pt; padding-right: 0; padding-bottom: 1.6pt; white-space: nowrap; width: auto; font-family: 'Arial'; font-style: normal; font-size: 8pt; line-height: 10pt; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><span style="visibility:hidden;margin-left:-7pt">%</span></td> </tr> </table>(b)Excludes short-term securities. 0.068 0.064 0.050 0.037 0.027 0.022 0.018 0.015 0.014 0.014 For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. Ten largest sectors are presented. Additional sectors are found in Other. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities. For purposes of this report, sector sub-classifications may differ from those utilized by the Fund for compliance purposes. Ten largest sectors are presented. Additional sectors are found in Other. Excludes short-term securities.