Schedule of Investments (unaudited) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.6%
Axon Enterprise, Inc.(a)		40,628	$	4,702,691
Boeing Co.(a)(b)		334,514		40,502,955
BWX Technologies, Inc.(b)		56,831		2,862,578
Curtiss-Wright Corp.(b)		22,977		3,197,479
General Dynamics Corp.(b)		148,475		31,501,941
HEICO Corp.		27,332		3,935,261
HEICO Corp., Class A		47,650		5,461,643
Hexcel Corp.(b)		51,166		2,646,306
Howmet Aerospace, Inc.		226,450		7,004,099
Huntington Ingalls Industries, Inc.		24,291		5,380,457
L3Harris Technologies, Inc.(b)		117,522		24,424,597
Lockheed Martin Corp.(b)		144,890		55,969,558
Mercury Systems, Inc.(a)		35,358		1,435,535
Northrop Grumman Corp.(b)		89,479		42,083,763
Raytheon Technologies Corp.		907,769		74,309,970
Spirit AeroSystems Holdings, Inc., Class A(b)		61,386		1,345,581
Textron, Inc.		127,942		7,453,901
TransDigm Group, Inc.		31,490		16,526,582
Woodward, Inc.(b)		36,144		2,900,917
				333,645,814
Air Freight & Logistics — 0.5%
CH Robinson Worldwide, Inc.(b)		74,977		7,221,035
Expeditors International of Washington, Inc.(b)		98,757		8,721,231
FedEx Corp.		146,729		21,784,855
GXO Logistics, Inc.(a)		65,172		2,284,930
United Parcel Service, Inc., Class B		448,752		72,491,398
				112,503,449
Airlines(a) — 0.2%
Alaska Air Group, Inc.		73,885		2,892,598
American Airlines Group, Inc.(b)		399,483		4,809,775
Copa Holdings SA, Class A(b)		19,931		1,335,576
Delta Air Lines, Inc.		389,581		10,931,643
JetBlue Airways Corp.		198,274		1,314,557
Southwest Airlines Co.		363,189		11,200,749
United Airlines Holdings, Inc.		198,153		6,445,917
				38,930,815
Auto Components — 0.1%
Aptiv PLC(a)		164,889		12,895,969
BorgWarner, Inc.(b)		142,608		4,477,891
Gentex Corp.		141,318		3,369,021
Lear Corp.(b)		36,970		4,424,939
QuantumScape Corp.(a)(b)		148,319		1,247,363
				26,415,183
Automobiles — 2.3%
Ford Motor Co.		2,405,562		26,942,294
General Motors Co.		887,618		28,483,662
Harley-Davidson, Inc.(b)		80,122		2,794,655
Lucid Group, Inc.(a)(b)		329,925		4,609,052
Rivian Automotive, Inc., Class A(a)(b)		314,685		10,356,283
Tesla, Inc.(a)		1,552,900		411,906,725
Thor Industries, Inc.(b)		31,375		2,195,623
				487,288,294
Banks — 3.6%
Bank of America Corp.		4,287,531		129,483,436
Bank of Hawaii Corp.(b)		24,623		1,874,303
Bank OZK(b)		68,639		2,715,359
BOK Financial Corp.(b)		18,661		1,658,216
Citigroup, Inc.		1,181,665		49,239,980

Security	Shares		Value
Banks (continued)
Citizens Financial Group, Inc.(b)		297,046	$	10,206,500
Comerica, Inc.		78,139		5,555,683
Commerce Bancshares, Inc.(b)		66,223		4,381,314
Cullen/Frost Bankers, Inc.(b)		35,137		4,645,814
East West Bancorp, Inc.(b)		86,347		5,797,338
Fifth Third Bancorp(b)		414,231		13,238,823
First Citizens BancShares, Inc., Class A(b)		7,359		5,868,287
First Hawaiian, Inc.(b)		77,530		1,909,564
First Horizon Corp.		322,220		7,378,838
First Republic Bank		110,118		14,375,905
FNB Corp.(b)		220,400		2,556,640
Huntington Bancshares, Inc.(b)		882,197		11,627,356
JPMorgan Chase & Co.		1,780,610		186,073,745
KeyCorp		562,679		9,014,118
M&T Bank Corp.		107,097		18,883,343
PacWest Bancorp		69,715		1,575,559
Pinnacle Financial Partners, Inc.		46,625		3,781,287
PNC Financial Services Group, Inc.		251,983		37,651,300
Popular, Inc.(b)		44,637		3,216,542
Prosperity Bancshares, Inc.(b)		52,829		3,522,638
Regions Financial Corp.		568,655		11,412,906
Signature Bank		38,056		5,746,456
SVB Financial Group(a)		35,487		11,915,825
Synovus Financial Corp.(b)		88,333		3,313,371
Truist Financial Corp.		811,424		35,329,401
U.S. Bancorp(b)		819,099		33,026,072
Umpqua Holdings Corp.(b)		134,553		2,299,511
Webster Financial Corp.		110,294		4,985,289
Wells Fargo & Co.		2,315,177		93,116,419
Western Alliance Bancorp(b)		65,848		4,328,847
Wintrust Financial Corp.(b)		35,795		2,919,082
Zions Bancorp NA		89,380		4,545,867
				749,170,934
Beverages — 1.7%
Boston Beer Co., Inc., Class A(a)(b)		5,817		1,882,672
Brown-Forman Corp., Class A(b)		27,091		1,830,268
Brown-Forman Corp., Class B		112,460		7,486,462
Coca-Cola Co.		2,383,570		133,527,591
Constellation Brands, Inc., Class A		92,691		21,289,269
Keurig Dr Pepper, Inc.(b)		523,113		18,737,908
Molson Coors Beverage Co., Class B(b)		108,591		5,211,282
Monster Beverage Corp.(a)(b)		225,789		19,634,611
PepsiCo, Inc.(b)		843,934		137,780,665
				347,380,728
Biotechnology — 2.3%
AbbVie, Inc.(b)		1,078,901		144,799,303
Alnylam Pharmaceuticals, Inc.(a)		73,410		14,693,746
Amgen, Inc.(b)		325,972		73,474,089
Biogen, Inc.(a)		88,642		23,667,414
BioMarin Pharmaceutical, Inc.(a)		111,498		9,451,686
Exact Sciences Corp.(a)(b)		106,737		3,467,885
Exelixis, Inc.(a)		189,778		2,975,719
Gilead Sciences, Inc.(b)		766,302		47,273,170
Horizon Therapeutics PLC(a)		136,569		8,452,255
Incyte Corp.(a)		109,917		7,324,869
Ionis Pharmaceuticals, Inc.(a)(b)		85,967		3,802,320
Mirati Therapeutics, Inc.(a)		24,898		1,738,876
Moderna, Inc.(a)		206,521		24,421,108
Natera, Inc.(a)		51,111		2,239,684
Neurocrine Biosciences, Inc.(a)		57,269		6,082,541
Novavax, Inc.(a)(b)		47,455		863,681

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 1

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Biotechnology (continued)
Regeneron Pharmaceuticals, Inc.(a)		63,343	$	43,635,092
Sarepta Therapeutics, Inc.(a)		52,018		5,750,070
Seagen, Inc.(a)		83,152		11,377,688
Ultragenyx Pharmaceutical, Inc.(a)		41,399		1,714,333
United Therapeutics Corp.(a)		27,126		5,679,642
Vertex Pharmaceuticals, Inc.(a)(b)		156,092		45,194,878
				488,080,049
Building Products — 0.6%
A O Smith Corp.		78,723		3,824,363
Advanced Drainage Systems, Inc.		38,791		4,824,437
Allegion PLC		53,788		4,823,708
Armstrong World Industries, Inc.		29,048		2,301,473
AZEK Co., Inc.(a)		73,449		1,220,722
Builders FirstSource, Inc.(a)(b)		93,381		5,502,008
Carlisle Cos., Inc.		31,155		8,736,174
Carrier Global Corp.		514,587		18,298,714
Fortune Brands Home & Security, Inc.		80,690		4,332,246
Hayward Holdings, Inc.(a)(b)		49,363		437,850
Johnson Controls International PLC(b)		426,099		20,972,593
Lennox International, Inc.		19,542		4,351,417
Masco Corp.(b)		136,424		6,369,637
Owens Corning(b)		59,632		4,687,671
Trane Technologies PLC(b)		141,534		20,495,539
Trex Co., Inc.(a)		70,215		3,085,247
				114,263,799
Capital Markets — 3.1%
Affiliated Managers Group, Inc.		22,859		2,556,779
Ameriprise Financial, Inc.		65,439		16,487,356
Ares Management Corp., Class A(b)		90,927		5,632,928
Bank of New York Mellon Corp.		446,185		17,187,046
BlackRock, Inc.(b)(c)		91,600		50,405,648
Blackstone, Inc.(b)		427,220		35,758,314
Blue Owl Capital, Inc.(b)		260,780		2,406,999
Carlyle Group, Inc.		123,608		3,194,031
Cboe Global Markets, Inc.		63,660		7,471,774
Charles Schwab Corp.(b)		927,865		66,685,658
CME Group, Inc.		218,909		38,775,351
Coinbase Global, Inc., Class A(a)(b)		96,317		6,211,483
Evercore, Inc., Class A(b)		23,211		1,909,105
FactSet Research Systems, Inc.		23,329		9,334,166
Franklin Resources, Inc.(b)		171,074		3,681,512
Goldman Sachs Group, Inc.(b)		203,064		59,507,905
Interactive Brokers Group, Inc., Class A		55,305		3,534,543
Intercontinental Exchange, Inc.		336,810		30,430,784
Invesco Ltd.(b)		221,746		3,037,920
Janus Henderson Group PLC(b)		82,044		1,666,314
Jefferies Financial Group, Inc.(b)		128,104		3,779,068
KKR & Co., Inc.(b)		350,100		15,054,300
Lazard Ltd., Class A		57,881		1,842,352
LPL Financial Holdings, Inc.(b)		48,698		10,639,539
MarketAxess Holdings, Inc.		22,981		5,113,043
Moody’s Corp.		97,639		23,737,017
Morgan Stanley(b)		764,485		60,401,960
Morningstar, Inc.(b)		14,810		3,144,459
MSCI, Inc.		47,820		20,169,998
Nasdaq, Inc.		209,112		11,852,468
Northern Trust Corp.		125,336		10,723,748
Raymond James Financial, Inc.(b)		119,175		11,776,874
Robinhood Markets, Inc., Class A(a)		353,120		3,566,512
S&P Global, Inc.		203,435		62,118,877
SEI Investments Co.(b)		64,320		3,154,896

Security	Shares		Value
Capital Markets (continued)
State Street Corp.(b)		224,956	$	13,679,574
Stifel Financial Corp.(b)		61,573		3,196,254
T Rowe Price Group, Inc.(b)		136,250		14,307,613
Tradeweb Markets, Inc., Class A		64,793		3,655,621
Virtu Financial, Inc., Class A(b)		63,979		1,328,844
				649,118,633
Chemicals — 1.7%
Air Products & Chemicals, Inc.		135,141		31,451,365
Albemarle Corp.(b)		71,381		18,875,992
Ashland, Inc.		31,404		2,982,438
Axalta Coating Systems Ltd.(a)(b)		133,560		2,812,774
Celanese Corp.		65,167		5,887,187
CF Industries Holdings, Inc.(b)		120,424		11,590,810
Chemours Co.(b)		94,960		2,340,764
Corteva, Inc.		442,417		25,284,131
Dow, Inc.		440,145		19,335,570
DuPont de Nemours, Inc.		307,326		15,489,230
Eastman Chemical Co.		76,575		5,440,654
Ecolab, Inc.		151,809		21,924,256
Element Solutions, Inc.(b)		141,355		2,299,846
FMC Corp.(b)		76,581		8,094,612
Ginkgo Bioworks Holdings, Inc.(a)(b)		488,771		1,524,965
Huntsman Corp.(b)		115,727		2,839,940
International Flavors & Fragrances, Inc.(b)		155,439		14,118,524
Linde PLC(a)(b)		306,696		82,682,175
LyondellBasell Industries NV, Class A(b)		155,524		11,707,847
Mosaic Co.		208,837		10,093,092
NewMarket Corp.(b)		3,942		1,185,872
Olin Corp.(b)		83,920		3,598,490
PPG Industries, Inc.(b)		144,155		15,956,517
RPM International, Inc.		78,695		6,556,080
Scotts Miracle-Gro Co.(b)		24,210		1,034,977
Sherwin-Williams Co.		145,964		29,886,129
Valvoline, Inc.		111,697		2,830,402
Westlake Corp.(b)		19,889		1,727,956
				359,552,595
Commercial Services & Supplies — 0.5%
Cintas Corp.(b)		52,985		20,568,247
Clean Harbors, Inc.(a)		30,240		3,325,795
Copart, Inc.(a)		130,014		13,833,490
Driven Brands Holdings, Inc.(a)(b)		31,554		882,881
IAA, Inc.(a)(b)		81,993		2,611,477
MSA Safety, Inc.(b)		21,986		2,402,630
Republic Services, Inc.		126,036		17,145,937
Rollins, Inc.(b)		140,361		4,867,720
Stericycle, Inc.(a)(b)		56,298		2,370,709
Tetra Tech, Inc.(b)		31,778		4,084,426
Waste Management, Inc.		253,274		40,577,028
				112,670,340
Communications Equipment — 0.8%
Arista Networks, Inc.(a)		150,934		17,038,939
Ciena Corp.(a)		90,334		3,652,204
Cisco Systems, Inc.		2,538,170		101,526,800
F5, Inc.(a)		37,024		5,358,483
Juniper Networks, Inc.		194,482		5,079,870
Lumentum Holdings, Inc.(a)(b)		42,539		2,916,899
Motorola Solutions, Inc.(b)		100,711		22,556,243
Ubiquiti, Inc.(b)		3,518		1,032,744
Viasat, Inc.(a)(b)		43,227		1,306,752
				160,468,934

2

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Construction & Engineering — 0.2%
AECOM(b)		82,271	$	5,624,868
MasTec, Inc.(a)		35,555		2,257,743
MDU Resources Group, Inc.		119,607		3,271,251
Quanta Services, Inc.(b)		86,183		10,978,852
Valmont Industries, Inc.(b)		12,701		3,411,743
WillScot Mobile Mini Holdings Corp.(a)		129,279		5,213,822
				30,758,279
Construction Materials — 0.1%
Eagle Materials, Inc.		22,894		2,453,779
Martin Marietta Materials, Inc.		37,996		12,238,131
Vulcan Materials Co.		80,742		12,733,821
				27,425,731
Consumer Finance — 0.5%
Ally Financial, Inc.(b)		186,657		5,194,664
American Express Co.		367,517		49,581,718
Capital One Financial Corp.		232,902		21,466,577
Credit Acceptance Corp.(a)(b)		4,131		1,809,378
Discover Financial Services		167,516		15,230,555
OneMain Holdings, Inc.(b)		72,148		2,129,809
SLM Corp.		155,536		2,175,949
SoFi Technologies, Inc.(a)(b)		473,516		2,310,758
Synchrony Financial		290,731		8,195,707
Upstart Holdings, Inc.(a)(b)		43,707		908,669
				109,003,784
Containers & Packaging — 0.4%
Amcor PLC(b)		908,225		9,745,254
AptarGroup, Inc.(b)		40,412		3,840,352
Ardagh Metal Packaging SA(b)		97,793		473,318
Avery Dennison Corp.		49,795		8,101,646
Ball Corp.		190,160		9,188,531
Berry Global Group, Inc.(a)		77,406		3,601,701
Crown Holdings, Inc.(b)		70,387		5,703,459
Graphic Packaging Holding Co.		182,151		3,595,661
International Paper Co.(b)		218,913		6,939,542
Packaging Corp. of America(b)		56,509		6,345,396
Sealed Air Corp.		89,210		3,970,737
Silgan Holdings, Inc.(b)		53,550		2,251,242
Sonoco Products Co.(b)		57,415		3,257,153
Westrock Co.		157,394		4,861,901
				71,875,893
Distributors(b) — 0.1%
Genuine Parts Co.		85,273		12,732,965
LKQ Corp.		155,461		7,329,986
Pool Corp.		23,601		7,510,074
				27,573,025
Diversified Consumer Services — 0.1%
ADT, Inc.(b)		133,480		999,765
Bright Horizons Family Solutions, Inc.(a)		36,928		2,128,899
Grand Canyon Education, Inc.(a)		18,942		1,557,980
H&R Block, Inc.(b)		99,175		4,218,905
Mister Car Wash, Inc.(a)(b)		52,555		450,922
Service Corp. International(b)		95,680		5,524,563
Terminix Global Holdings, Inc.(a)		72,173		2,763,504
				17,644,538
Diversified Financial Services — 1.5%
Apollo Global Management, Inc.(b)		282,072		13,116,348
Berkshire Hathaway, Inc., Class B(a)(b)		1,101,352		294,083,011

Security	Shares		Value
Diversified Financial Services (continued)
Equitable Holdings, Inc.		228,766	$	6,027,984
Voya Financial, Inc.		59,002		3,569,621
				316,796,964
Diversified Telecommunication Services(b) — 0.8%
AT&T, Inc.		4,370,726		67,046,937
Frontier Communications Parent, Inc.(a)		145,874		3,417,828
Lumen Technologies, Inc.		622,421		4,531,225
Verizon Communications, Inc.		2,565,789		97,423,008
				172,418,998
Electric Utilities — 1.8%
Alliant Energy Corp.		151,850		8,046,532
American Electric Power Co., Inc.(b)		313,770		27,125,416
Avangrid, Inc.(b)		42,213		1,760,282
Constellation Energy Corp.		199,174		16,569,285
Duke Energy Corp.(b)		470,001		43,719,493
Edison International		230,691		13,052,497
Entergy Corp.(b)		123,814		12,459,403
Evergy, Inc.(b)		135,853		8,069,668
Eversource Energy		211,110		16,458,136
Exelon Corp.(b)		606,807		22,730,990
FirstEnergy Corp.		331,200		12,254,400
Hawaiian Electric Industries, Inc.(b)		68,358		2,369,288
IDACORP, Inc.(b)		30,940		3,063,369
NextEra Energy, Inc.		1,198,520		93,975,953
NRG Energy, Inc.(b)		145,645		5,573,834
OGE Energy Corp.(b)		119,177		4,345,193
PG&E Corp.(a)		945,991		11,824,888
Pinnacle West Capital Corp.(b)		68,468		4,416,871
PPL Corp.		447,153		11,335,329
Southern Co.(b)		647,823		44,051,964
Xcel Energy, Inc.		333,445		21,340,480
				384,543,271
Electrical Equipment — 0.6%
Acuity Brands, Inc.(b)		20,333		3,201,838
AMETEK, Inc.		140,904		15,979,923
ChargePoint Holdings, Inc.(a)(b)		151,472		2,235,727
Eaton Corp. PLC(b)		243,630		32,490,497
Emerson Electric Co.		360,386		26,387,463
Generac Holdings, Inc.(a)(b)		38,043		6,776,980
Hubbell, Inc.(b)		32,709		7,294,107
nVent Electric PLC		97,710		3,088,613
Plug Power, Inc.(a)(b)		320,747		6,738,894
Regal Rexnord Corp.(b)		40,118		5,630,962
Rockwell Automation, Inc.(b)		70,714		15,211,289
Sensata Technologies Holding PLC(b)		96,658		3,603,410
Sunrun, Inc.(a)(b)		127,920		3,529,313
Vertiv Holdings Co.(b)		188,674		1,833,911
				134,002,927
Electronic Equipment, Instruments & Components — 0.6%
Amphenol Corp., Class A		357,820		23,959,627
Arrow Electronics, Inc.(a)		40,101		3,696,911
Avnet, Inc.(b)		57,336		2,070,976
CDW Corp.(b)		82,503		12,877,068
Cognex Corp.		105,837		4,386,944
Coherent Corp.(a)		76,051		2,650,378
Corning, Inc.(b)		462,785		13,430,021
IPG Photonics Corp.(a)		21,582		1,820,442
Jabil, Inc.		83,968		4,845,793
Keysight Technologies, Inc.(a)		108,839		17,126,905
Littelfuse, Inc.(b)		14,496		2,880,210

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 3

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Electronic Equipment, Instruments & Components (continued)
National Instruments Corp.(b)		78,742	$	2,971,723
TD SYNNEX Corp.(b)		25,522		2,072,131
Teledyne Technologies, Inc.(a)		28,029		9,458,947
Trimble, Inc.(a)(b)		151,516		8,222,773
Vontier Corp.		100,593		1,680,909
Zebra Technologies Corp., Class A(a)		31,912		8,361,263
				122,513,021
Energy Equipment & Services — 0.3%
Baker Hughes Co.(b)		576,256		12,078,326
Halliburton Co.		548,004		13,491,859
NOV, Inc.(b)		236,697		3,829,757
Schlumberger NV(b)		862,161		30,951,580
				60,351,522
Entertainment — 1.4%
Activision Blizzard, Inc.		474,063		35,241,843
AMC Entertainment Holdings, Inc., Class A(a)(b)		317,303		2,211,602
Electronic Arts, Inc.		169,673		19,632,863
Liberty Media Corp.-Liberty Formula One, Class A(a)		14,208		746,204
Liberty Media Corp.-Liberty Formula One, Class C(a)(b)		123,315		7,213,928
Live Nation Entertainment, Inc.(a)(b)		94,341		7,173,690
Madison Square Garden Sports Corp.(a)		11,184		1,528,405
Netflix, Inc.(a)		267,235		62,917,808
Playtika Holding Corp.(a)(b)		56,255		528,234
ROBLOX Corp., Class A(a)(b)		267,806		9,598,167
Roku, Inc.(a)(b)		73,880		4,166,832
Spotify Technology SA(a)(b)		85,028		7,337,916
Take-Two Interactive Software, Inc.(a)		99,605		10,856,945
Walt Disney Co.(a)		1,112,297		104,922,976
Warner Bros Discovery, Inc.(a)		1,438,827		16,546,511
World Wrestling Entertainment, Inc., Class A(b)		27,763		1,948,130
				292,572,054
Equity Real Estate Investment Trusts (REITs) — 3.0%
Alexandria Real Estate Equities, Inc.(b)		98,079		13,749,695
American Homes 4 Rent, Class A(b)		182,616		5,991,631
American Tower Corp.		283,234		60,810,340
Americold Realty Trust, Inc.(b)		165,318		4,066,823
Apartment Income REIT Corp.		97,015		3,746,719
AvalonBay Communities, Inc.		84,907		15,639,020
Boston Properties, Inc.(b)		95,674		7,172,680
Brixmor Property Group, Inc.		177,879		3,285,425
Camden Property Trust		63,358		7,568,113
Cousins Properties, Inc.(b)		88,389		2,063,883
Crown Castle, Inc.		263,368		38,069,844
CubeSmart(b)		137,049		5,490,183
Digital Realty Trust, Inc.(b)		172,428		17,101,409
Douglas Emmett, Inc.(b)		103,140		1,849,300
Duke Realty Corp.		232,594		11,211,031
EastGroup Properties, Inc.(b)		24,503		3,536,763
EPR Properties(b)		44,529		1,596,810
Equinix, Inc.		55,447		31,540,471
Equity LifeStyle Properties, Inc.(b)		107,043		6,726,582
Equity Residential		225,260		15,141,977
Essex Property Trust, Inc.		40,146		9,724,566
Extra Space Storage, Inc.(b)		80,807		13,956,177
Federal Realty Investment Trust(b)		47,931		4,319,542
First Industrial Realty Trust, Inc.(b)		78,093		3,499,347
Gaming & Leisure Properties, Inc.		147,843		6,540,574
Healthcare Realty Trust, Inc.(b)		230,842		4,813,056

Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) (continued)
Healthpeak Properties, Inc.		328,741	$	7,534,744
Highwoods Properties, Inc.(b)		61,629		1,661,518
Host Hotels & Resorts, Inc.(b)		436,582		6,932,922
Hudson Pacific Properties, Inc.(b)		80,397		880,347
Invitation Homes, Inc.(b)		372,541		12,580,710
Iron Mountain, Inc.(b)		175,950		7,736,522
JBG SMITH Properties(b)		71,660		1,331,443
Kilroy Realty Corp.		72,044		3,033,773
Kimco Realty Corp.(b)		370,373		6,818,567
Lamar Advertising Co., Class A		52,245		4,309,690
Life Storage, Inc.		50,925		5,640,453
Medical Properties Trust, Inc.(b)		369,205		4,378,771
Mid-America Apartment Communities, Inc.		70,547		10,939,723
National Retail Properties, Inc.		107,203		4,273,112
National Storage Affiliates Trust		50,562		2,102,368
Omega Healthcare Investors, Inc.(b)		140,539		4,144,495
Park Hotels & Resorts, Inc.		137,590		1,549,263
Prologis, Inc.		450,841		45,805,446
Public Storage(b)		95,372		27,925,875
Rayonier, Inc.		86,348		2,587,850
Realty Income Corp.(b)		377,746		21,984,817
Regency Centers Corp.		103,849		5,592,269
Rexford Industrial Realty, Inc.(b)		104,777		5,448,404
SBA Communications Corp.		64,732		18,425,964
Simon Property Group, Inc.(b)		198,964		17,857,019
SL Green Realty Corp.(b)		40,600		1,630,496
Spirit Realty Capital, Inc.		82,461		2,981,790
STORE Capital Corp.(b)		152,825		4,788,007
Sun Communities, Inc.(b)		74,269		10,050,824
UDR, Inc.		196,058		8,177,579
Ventas, Inc.		242,700		9,749,259
VICI Properties, Inc.(b)		586,697		17,512,905
Vornado Realty Trust(b)		108,810		2,520,040
Welltower, Inc.(b)		284,111		18,274,020
Weyerhaeuser Co.		454,306		12,974,979
WP Carey, Inc.(b)		117,248		8,183,910
				627,531,835
Food & Staples Retailing — 1.5%
Albertsons Cos., Inc., Class A		104,152		2,589,219
BJ’s Wholesale Club Holdings, Inc.(a)		80,224		5,841,109
Casey’s General Stores, Inc.		22,050		4,465,566
Costco Wholesale Corp.		270,278		127,644,191
Grocery Outlet Holding Corp.(a)		55,202		1,837,674
Kroger Co.		398,297		17,425,494
Performance Food Group Co.(a)		90,501		3,887,018
Sysco Corp.		310,607		21,963,021
U.S. Foods Holding Corp.(a)(b)		122,191		3,230,730
Walgreens Boots Alliance, Inc.(b)		437,619		13,741,237
Walmart, Inc.(b)		880,029		114,139,761
				316,765,020
Food Products — 1.1%
Archer-Daniels-Midland Co.(b)		341,735		27,492,581
Bunge Ltd.(b)		86,521		7,144,039
Campbell Soup Co.(b)		119,040		5,609,165
Conagra Brands, Inc.		285,862		9,327,677
Darling Ingredients, Inc.(a)(b)		96,697		6,396,507
Flowers Foods, Inc.		111,216		2,745,923
Freshpet, Inc.(a)(b)		27,660		1,385,489
General Mills, Inc.(b)		363,675		27,861,142
Hershey Co.(b)		88,654		19,545,547
Hormel Foods Corp.		173,291		7,874,343

4

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Food Products (continued)
Ingredion, Inc.(b)		40,476	$	3,259,128
J M Smucker Co.(b)		62,423		8,577,544
Kellogg Co.		155,052		10,800,922
Kraft Heinz Co.		424,746		14,165,279
Lamb Weston Holdings, Inc.(b)		88,699		6,863,529
McCormick & Co., Inc.		151,779		10,817,289
Mondelez International, Inc., Class A		843,439		46,245,760
Pilgrim’s Pride Corp.(a)		28,135		647,668
Post Holdings, Inc.(a)		34,776		2,848,502
Seaboard Corp.		134		455,957
Tyson Foods, Inc., Class A		174,068		11,476,303
				231,540,294
Gas Utilities — 0.1%
Atmos Energy Corp.(b)		83,356		8,489,808
National Fuel Gas Co.		53,314		3,281,477
UGI Corp.		129,488		4,186,347
				15,957,632
Health Care Equipment & Supplies — 2.5%
Abbott Laboratories		1,046,789		101,287,304
ABIOMED, Inc.(a)		26,921		6,613,413
Align Technology, Inc.(a)		48,079		9,957,642
Baxter International, Inc.		307,052		16,537,821
Becton Dickinson & Co.		173,321		38,621,118
Boston Scientific Corp.(a)		870,982		33,733,133
Cooper Cos., Inc.		29,419		7,763,674
Dentsply Sirona, Inc.(b)		128,691		3,648,390
DexCom, Inc.(a)		237,703		19,144,600
Edwards Lifesciences Corp.(a)		376,983		31,150,105
Enovis Corp.(a)(b)		30,447		1,402,693
Envista Holdings Corp.(a)(b)		98,238		3,223,189
Globus Medical, Inc., Class A(a)(b)		47,175		2,810,215
Hologic, Inc.(a)		149,572		9,650,385
ICU Medical, Inc.(a)(b)		12,997		1,957,348
IDEXX Laboratories, Inc.(a)		50,717		16,523,598
Insulet Corp.(a)(b)		41,967		9,627,230
Integra LifeSciences Holdings Corp.(a)		43,254		1,832,239
Intuitive Surgical, Inc.(a)		218,686		40,990,504
Masimo Corp.(a)		28,725		4,054,821
Medtronic PLC		815,927		65,886,105
Novocure Ltd.(a)(b)		64,011		4,863,556
Penumbra, Inc.(a)(b)		21,210		4,021,416
QuidelOrtho Corp.(a)		29,527		2,110,590
ResMed, Inc.		87,713		19,147,748
STERIS PLC		60,435		10,049,132
Stryker Corp.(b)		214,466		43,437,944
Tandem Diabetes Care, Inc.(a)(b)		40,218		1,924,431
Teleflex, Inc.		28,852		5,812,524
Zimmer Biomet Holdings, Inc.(b)		128,879		13,474,299
				531,257,167
Health Care Providers & Services — 3.3%
Acadia Healthcare Co., Inc.(a)		53,892		4,213,277
Agilon Health, Inc.(a)(b)		112,760		2,640,839
Amedisys, Inc.(a)(b)		19,446		1,882,178
AmerisourceBergen Corp.		90,344		12,226,254
Cardinal Health, Inc.		166,158		11,079,416
Centene Corp.(a)		347,106		27,008,318
Chemed Corp.		8,975		3,918,126
Cigna Corp.		182,720		50,699,318
CVS Health Corp.		800,209		76,315,932
DaVita, Inc.(a)(b)		34,781		2,878,823
Elevance Health, Inc.		147,152		66,842,325

Security	Shares		Value
Health Care Providers & Services (continued)
Encompass Health Corp.(b)		58,260	$	2,635,100
Enhabit, Inc.(a)		29,130		408,985
Guardant Health, Inc.(a)(b)		58,042		3,124,401
HCA Healthcare, Inc.(b)		133,870		24,603,967
Henry Schein, Inc.(a)		81,569		5,364,793
Humana, Inc.		77,160		37,437,260
Laboratory Corp. of America Holdings		55,632		11,393,990
McKesson Corp.(b)		88,543		30,093,109
Molina Healthcare, Inc.(a)		34,998		11,543,740
Oak Street Health, Inc.(a)(b)		69,380		1,701,198
Premier, Inc., Class A(b)		73,783		2,504,195
Quest Diagnostics, Inc.(b)		71,301		8,747,920
Signify Health, Inc., Class A(a)		40,788		1,188,970
Tenet Healthcare Corp.(a)		63,394		3,269,863
UnitedHealth Group, Inc.		571,008		288,381,880
Universal Health Services, Inc., Class B(b)		38,658		3,408,863
				695,513,040
Health Care Technology(a)(b) — 0.1%
Certara, Inc.		72,883		967,886
Change Healthcare, Inc.		161,276		4,433,477
Definitive Healthcare Corp.		20,194		313,815
Doximity, Inc., Class A		65,855		1,990,138
Teladoc Health, Inc.		100,937		2,558,753
Veeva Systems, Inc., Class A		84,988		14,012,822
				24,276,891
Hotels, Restaurants & Leisure — 2.0%
Airbnb, Inc., Class A(a)		238,726		25,075,779
Aramark		140,281		4,376,767
Booking Holdings, Inc.(a)		24,231		39,816,622
Boyd Gaming Corp.(b)		47,793		2,277,336
Caesars Entertainment, Inc.(a)(b)		126,152		4,069,664
Carnival Corp.(a)(b)		586,213		4,121,077
Chipotle Mexican Grill, Inc.(a)		16,980		25,516,865
Choice Hotels International, Inc.(b)		20,196		2,211,866
Churchill Downs, Inc.(b)		21,745		4,004,342
Darden Restaurants, Inc.(b)		74,134		9,364,607
Domino’s Pizza, Inc.		21,965		6,813,543
DraftKings, Inc., Class A(a)(b)		196,138		2,969,529
Expedia Group, Inc.(a)		92,296		8,647,212
Hilton Worldwide Holdings, Inc.		165,429		19,954,046
Hyatt Hotels Corp., Class A(a)(b)		30,663		2,482,476
Las Vegas Sands Corp.(a)(b)		201,814		7,572,061
Marriott International, Inc., Class A		167,855		23,523,200
Marriott Vacations Worldwide Corp.(b)		23,210		2,828,371
McDonald’s Corp.		451,140		104,096,044
MGM Resorts International		198,828		5,909,168
Norwegian Cruise Line Holdings Ltd.(a)(b)		249,095		2,829,719
Penn Entertainment, Inc.(a)(b)		95,608		2,630,176
Planet Fitness, Inc., Class A(a)(b)		51,338		2,960,149
Royal Caribbean Cruises Ltd.(a)(b)		135,931		5,151,785
Six Flags Entertainment Corp.(a)(b)		45,434		804,182
Starbucks Corp.(b)		700,004		58,982,337
Travel & Leisure Co.(b)		50,043		1,707,467
Vail Resorts, Inc.(b)		24,327		5,245,874
Wendy’s Co.(b)		106,639		1,993,083
Wyndham Hotels & Resorts, Inc.(b)		55,385		3,397,870
Wynn Resorts Ltd.(a)(b)		63,466		4,000,262
Yum! Brands, Inc.		174,630		18,570,154
				413,903,633
Household Durables — 0.3%
D.R. Horton, Inc.(b)		195,701		13,180,462

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 5

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Household Durables (continued)
Garmin Ltd.		93,739	$	7,528,179
Leggett & Platt, Inc.(b)		80,336		2,668,762
Lennar Corp., B Shares		7,378		439,065
Lennar Corp., Class A(b)		154,486		11,516,931
Mohawk Industries, Inc.(a)		31,321		2,856,162
Newell Brands, Inc.		230,461		3,201,103
NVR, Inc.(a)		1,842		7,344,201
PulteGroup, Inc.		140,515		5,269,313
Tempur Sealy International, Inc.(b)		103,785		2,505,370
Toll Brothers, Inc.(b)		65,510		2,751,420
TopBuild Corp.(a)		19,878		3,275,497
Whirlpool Corp.(b)		32,760		4,416,376
				66,952,841
Household Products — 1.3%
Church & Dwight Co., Inc.(b)		147,790		10,558,118
Clorox Co.(b)		74,604		9,578,407
Colgate-Palmolive Co.		505,338		35,499,994
Kimberly-Clark Corp.		205,692		23,148,578
Procter & Gamble Co.		1,459,013		184,200,391
Reynolds Consumer Products, Inc.(b)		33,158		862,440
Spectrum Brands Holdings, Inc.(b)		24,767		966,656
				264,814,584
Independent Power and Renewable Electricity Producers — 0.1%
AES Corp.(b)		407,049		9,199,307
Brookfield Renewable Corp., Class A		74,864		2,446,556
Vistra Corp.(b)		254,660		5,347,860
				16,993,723
Industrial Conglomerates — 0.7%
3M Co.(b)		346,436		38,281,178
General Electric Co.(b)		668,492		41,386,340
Honeywell International, Inc.		411,411		68,693,294
				148,360,812
Insurance — 2.3%
Aflac, Inc.(b)		383,204		21,536,065
Alleghany Corp.(a)		8,057		6,762,804
Allstate Corp.		164,841		20,527,650
American Financial Group, Inc.		41,134		5,056,603
American International Group, Inc.		460,925		21,884,719
Aon PLC, Class A		128,400		34,394,508
Arch Capital Group Ltd.(a)		214,492		9,767,966
Arthur J Gallagher & Co.		126,166		21,602,142
Assurant, Inc.(b)		32,851		4,772,265
Assured Guaranty Ltd.(b)		35,568		1,723,270
Axis Capital Holdings Ltd.(b)		48,597		2,388,543
Brighthouse Financial, Inc.(a)		47,261		2,052,073
Brown & Brown, Inc.		143,582		8,683,839
Chubb Ltd.		253,690		46,141,137
Cincinnati Financial Corp.(b)		94,985		8,507,806
CNA Financial Corp.		18,457		681,063
Erie Indemnity Co., Class A(b)		14,959		3,325,535
Everest Re Group Ltd.(b)		23,898		6,271,791
Fidelity National Financial, Inc.(b)		159,885		5,787,837
First American Financial Corp.(b)		62,339		2,873,828
Globe Life, Inc.		53,912		5,375,026
Hanover Insurance Group, Inc.(b)		20,904		2,678,639
Hartford Financial Services Group, Inc.		198,679		12,306,177
Kemper Corp.(b)		37,792		1,559,298
Lincoln National Corp.(b)		102,130		4,484,528
Loews Corp.		124,694		6,214,749
Markel Corp.(a)		8,084		8,764,834

Security	Shares		Value
Insurance (continued)
Marsh & McLennan Cos., Inc.		305,957	$	45,676,321
MetLife, Inc.(b)		410,369		24,942,228
Old Republic International Corp.(b)		176,759		3,699,566
Primerica, Inc.(b)		22,855		2,821,450
Principal Financial Group, Inc.(b)		149,786		10,807,060
Progressive Corp.		356,369		41,413,641
Prudential Financial, Inc.(b)		228,887		19,633,927
Reinsurance Group of America, Inc.		40,887		5,143,993
RenaissanceRe Holdings Ltd.(b)		26,261		3,686,782
Ryan Specialty Holdings, Inc.(a)		48,982		1,989,649
Travelers Cos., Inc.		144,908		22,199,906
Unum Group(b)		122,859		4,766,929
W R Berkley Corp.		126,845		8,191,650
White Mountains Insurance Group Ltd.(b)		1,716		2,235,982
Willis Towers Watson PLC(b)		66,353		13,332,972
				486,666,751
Interactive Media & Services(a) — 4.3%
Alphabet, Inc., Class A(b)		3,672,110		351,237,321
Alphabet, Inc., Class C(b)		3,297,697		317,073,567
IAC, Inc.(b)		47,168		2,612,164
Match Group, Inc.		172,537		8,238,642
Meta Platforms, Inc., Class A		1,399,763		189,919,844
Pinterest, Inc., Class A		351,783		8,196,544
TripAdvisor, Inc.(b)		58,198		1,285,012
Twitter, Inc.		454,993		19,946,893
ZoomInfo Technologies, Inc., CLass A(b)		168,846		7,034,124
				905,544,111
Internet & Direct Marketing Retail — 3.1%
Amazon.com, Inc.(a)		5,425,941		613,131,333
DoorDash, Inc., Class A(a)		152,133		7,522,977
eBay, Inc.(b)		332,919		12,254,748
Etsy, Inc.(a)(b)		76,446		7,654,538
Wayfair, Inc., Class A(a)(b)		47,080		1,532,454
				642,096,050
IT Services — 4.5%
Accenture PLC, Class A(b)		386,808		99,525,699
Affirm Holdings, Inc.(a)(b)		104,565		1,961,639
Akamai Technologies, Inc.(a)		96,019		7,712,246
Amdocs Ltd.(b)		73,008		5,800,486
Automatic Data Processing, Inc.		254,892		57,654,022
Block, Inc.(a)		319,992		17,596,360
Broadridge Financial Solutions, Inc.		71,745		10,354,238
Cloudflare, Inc., Class A(a)(b)		171,012		9,458,674
Cognizant Technology Solutions Corp., Class A		316,103		18,156,956
Concentrix Corp.		27,024		3,016,689
DXC Technology Co.(a)(b)		145,021		3,550,114
EPAM Systems, Inc.(a)		33,194		12,022,535
Euronet Worldwide, Inc.(a)(b)		28,665		2,171,660
Fidelity National Information Services, Inc.		372,321		28,136,298
Fiserv, Inc.(a)		359,344		33,623,818
FleetCor Technologies, Inc.(a)		44,223		7,790,766
Gartner, Inc.(a)		46,482		12,861,105
Genpact Ltd.		111,034		4,859,958
Global Payments, Inc.(b)		168,443		18,200,266
Globant SA(a)		25,262		4,726,015
GoDaddy, Inc., Class A(a)		94,753		6,716,093
International Business Machines Corp.(b)		549,369		65,270,531
Jack Henry & Associates, Inc.(b)		44,795		8,164,785
Kyndryl Holdings, Inc.(a)(b)		128,713		1,064,457
Mastercard, Inc., Class A		525,507		149,422,660
MongoDB, Inc.(a)		39,490		7,841,134

6

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
IT Services (continued)
Okta, Inc.(a)		90,315	$	5,136,214
Paychex, Inc.		197,352		22,144,868
PayPal Holdings, Inc.(a)		706,733		60,828,509
Shift4 Payments, Inc., Class A(a)(b)		33,579		1,497,959
Snowflake, Inc., Class A(a)(b)		187,094		31,798,496
SS&C Technologies Holdings, Inc.		134,987		6,445,629
Switch, Inc., Class A		86,115		2,901,214
Thoughtworks Holding, Inc.(a)(b)		50,705		531,896
Toast, Inc., Class A(a)		150,364		2,514,086
Twilio, Inc., Class A(a)		104,586		7,231,076
VeriSign, Inc.(a)		56,861		9,876,756
Visa, Inc., Class A(b)		1,005,010		178,540,027
Western Union Co.(b)		232,328		3,136,428
WEX, Inc.(a)		26,663		3,384,601
Wix.com Ltd.(a)(b)		31,474		2,462,211
				936,089,174
Leisure Products — 0.1%
Brunswick Corp.(b)		46,500		3,043,425
Hasbro, Inc.(b)		78,977		5,324,629
Mattel, Inc.(a)		210,937		3,995,147
Peloton Interactive, Inc., Class A(a)(b)		184,450		1,278,238
Polaris, Inc.(b)		33,964		3,248,657
YETI Holdings, Inc.(a)		55,061		1,570,340
				18,460,436
Life Sciences Tools & Services — 1.8%
10X Genomics, Inc., Class A(a)		54,163		1,542,562
Agilent Technologies, Inc.(b)		183,522		22,307,099
Avantor, Inc.(a)		375,450		7,358,820
Azenta, Inc.(b)		45,209		1,937,658
Bio-Rad Laboratories, Inc., Class A(a)		12,965		5,408,220
Bio-Techne Corp.		23,864		6,777,376
Bruker Corp.		64,946		3,446,035
Charles River Laboratories International, Inc.(a)		30,758		6,053,174
Danaher Corp.		395,174		102,069,492
Illumina, Inc.(a)		95,521		18,224,452
IQVIA Holdings, Inc.(a)		113,490		20,557,579
Maravai LifeSciences Holdings, Inc., Class A(a)		64,873		1,656,208
Mettler-Toledo International, Inc.(a)		13,714		14,867,622
PerkinElmer, Inc.		77,606		9,338,330
QIAGEN NV(a)(b)		138,381		5,712,368
Repligen Corp.(a)		34,119		6,384,006
Sotera Health Co.(a)		62,387		425,479
Syneos Health, Inc.(a)		61,881		2,917,689
Thermo Fisher Scientific, Inc.(b)		238,856		121,145,375
Waters Corp.(a)		36,348		9,796,876
West Pharmaceutical Services, Inc.		44,913		11,052,191
				378,978,611
Machinery — 1.7%
AGCO Corp.		38,421		3,694,948
Allison Transmission Holdings, Inc.(b)		60,337		2,036,977
Ardagh Group SA(a)		6,425		55,126
Caterpillar, Inc.(b)		322,245		52,873,960
Crane Holdings Co.(b)		27,456		2,403,498
Cummins, Inc.(b)		86,161		17,534,625
Deere & Co.(b)		171,120		57,135,257
Donaldson Co., Inc.		77,148		3,781,023
Dover Corp.		88,127		10,273,846
Esab Corp.(b)		31,502		1,050,907
Flowserve Corp.(b)		76,186		1,851,320
Fortive Corp.		218,169		12,719,253

Security	Shares		Value
Machinery (continued)
Gates Industrial Corp. PLC(a)(b)		58,319	$	569,193
Graco, Inc.(b)		102,202		6,127,010
IDEX Corp.(b)		46,241		9,241,264
Illinois Tool Works, Inc.(b)		189,117		34,163,986
Ingersoll Rand, Inc.(b)		247,199		10,693,829
ITT, Inc.		49,721		3,248,770
Lincoln Electric Holdings, Inc.(b)		33,675		4,233,621
Middleby Corp.(a)		33,693		4,318,432
Nordson Corp.(b)		35,674		7,572,520
Oshkosh Corp.		39,244		2,758,461
Otis Worldwide Corp.		258,083		16,465,695
PACCAR, Inc.		208,097		17,415,638
Parker-Hannifin Corp.		77,688		18,824,579
Pentair PLC		99,452		4,040,735
Snap-on, Inc.(b)		32,108		6,464,946
Stanley Black & Decker, Inc.(b)		91,811		6,905,105
Timken Co.(b)		39,631		2,339,814
Toro Co.(b)		63,877		5,524,083
Westinghouse Air Brake Technologies Corp.(b)		110,629		8,999,669
Xylem, Inc.(b)		110,281		9,634,148
				344,952,238
Marine — 0.0%
Kirby Corp.(a)		36,738		2,232,568
Media — 0.8%
Altice USA, Inc., Class A(a)		121,027		705,587
Cable One, Inc.(b)		3,536		3,016,385
Charter Communications, Inc., Class A(a)		67,712		20,540,435
Comcast Corp., Class A		2,673,335		78,408,916
DISH Network Corp., Class A(a)		158,444		2,191,281
Fox Corp., Class A		182,323		5,593,670
Fox Corp., Class B(b)		84,143		2,398,075
Interpublic Group of Cos., Inc.(b)		237,375		6,076,800
Liberty Broadband Corp., Class A(a)(b)		13,216		985,914
Liberty Broadband Corp., Class C(a)		74,765		5,517,657
Liberty Media Corp.-Liberty SiriusXM, Class A(a)(b)		44,699		1,701,691
Liberty Media Corp.-Liberty SiriusXM, Class C(a)		92,070		3,471,960
New York Times Co., Class A(b)		100,124		2,878,565
News Corp., Class A		228,545		3,453,315
News Corp., Class B(b)		71,927		1,109,114
Nexstar Media Group, Inc., Class A(b)		22,577		3,766,972
Omnicom Group, Inc.(b)		123,965		7,820,952
Paramount Global, Class A(b)		7,797		167,947
Paramount Global, Class B(b)		349,585		6,656,098
Sirius XM Holdings, Inc.(b)		422,478		2,412,349
Trade Desk, Inc., Class A(a)		267,637		15,991,311
				174,864,994
Metals & Mining — 0.5%
Alcoa Corp.(b)		110,209		3,709,635
Cleveland-Cliffs, Inc.(a)(b)		309,302		4,166,298
Freeport-McMoRan, Inc.		871,389		23,815,061
MP Materials Corp.(a)(b)		54,038		1,475,237
Newmont Corp.		482,501		20,279,517
Nucor Corp.(b)		158,474		16,955,133
Reliance Steel & Aluminum Co.		36,832		6,423,869
Royal Gold, Inc.(b)		39,119		3,670,145
Southern Copper Corp.(b)		50,271		2,254,152
SSR Mining, Inc.(b)		126,267		1,857,388

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 7

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Metals & Mining (continued)
Steel Dynamics, Inc.(b)		107,143	$	7,601,796
U.S. Steel Corp.(b)		142,320		2,578,838
				94,787,069
Mortgage Real Estate Investment Trusts (REITs)(b) — 0.1%
AGNC Investment Corp.		314,083		2,644,579
Annaly Capital Management, Inc.		260,759		4,474,625
Rithm Capital Corp.		260,622		1,907,753
Starwood Property Trust, Inc.		182,547		3,326,006
				12,352,963
Multiline Retail — 0.5%
Dollar General Corp.(b)		139,563		33,475,581
Dollar Tree, Inc.(a)		129,595		17,637,879
Kohl’s Corp.(b)		76,214		1,916,782
Macy’s, Inc.(b)		169,507		2,656,175
Nordstrom, Inc.(b)		70,287		1,175,902
Ollie’s Bargain Outlet Holdings, Inc.(a)(b)		39,632		2,045,011
Target Corp.(b)		282,703		41,950,298
				100,857,628
Multi-Utilities — 0.8%
Ameren Corp.		156,976		12,644,417
CenterPoint Energy, Inc.(b)		383,129		10,796,575
CMS Energy Corp.(b)		177,186		10,319,313
Consolidated Edison, Inc.(b)		215,388		18,471,675
Dominion Energy, Inc.(b)		507,974		35,106,083
DTE Energy Co.		117,331		13,498,932
NiSource, Inc.(b)		249,591		6,287,197
Public Service Enterprise Group, Inc.		302,366		17,002,040
Sempra Energy(b)		191,980		28,785,481
WEC Energy Group, Inc.		191,668		17,140,869
				170,052,582
Oil, Gas & Consumable Fuels — 4.3%
Antero Midstream Corp.(b)		194,309		1,783,757
Antero Resources Corp.(a)		176,532		5,389,522
APA Corp.		202,350		6,918,346
Cheniere Energy, Inc.		152,047		25,226,118
Chesapeake Energy Corp.(b)		73,330		6,908,419
Chevron Corp.		1,199,691		172,359,606
ConocoPhillips(b)		777,364		79,555,432
Continental Resources, Inc.(b)		21,469		1,434,344
Coterra Energy, Inc.(b)		478,844		12,507,405
Devon Energy Corp.		401,650		24,151,214
Diamondback Energy, Inc.(b)		104,800		12,624,208
DT Midstream, Inc.(a)(b)		60,911		3,160,672
Enviva, Inc.(b)		18,229		1,094,834
EOG Resources, Inc.(b)		356,973		39,884,593
EQT Corp.		226,053		9,211,660
Exxon Mobil Corp.		2,545,862		222,279,211
Hess Corp.(b)		170,952		18,632,058
HF Sinclair Corp.		89,427		4,814,750
Kinder Morgan, Inc.		1,205,948		20,066,975
Marathon Oil Corp.		409,042		9,236,168
Marathon Petroleum Corp.		303,937		30,190,062
New Fortress Energy, Inc.		28,697		1,254,346
Occidental Petroleum Corp.		499,309		30,682,538
ONEOK, Inc.(b)		272,993		13,988,161
Ovintiv, Inc.		155,117		7,135,382
PDC Energy, Inc.(b)		56,350		3,256,467
Phillips 66(b)		294,143		23,743,223
Pioneer Natural Resources Co.		145,032		31,403,779
Range Resources Corp.		156,573		3,955,034

Security	Shares		Value
Oil, Gas & Consumable Fuels (continued)
Southwestern Energy Co.(a)		691,821	$	4,233,945
Targa Resources Corp.		136,538		8,238,703
Texas Pacific Land Corp.(b)		3,508		6,234,523
Valero Energy Corp.		238,199		25,451,563
Williams Cos., Inc.(b)		745,026		21,330,094
				888,337,112
Paper & Forest Products — 0.0%
Louisiana-Pacific Corp.(b)		48,484		2,481,896
Personal Products — 0.2%
Coty, Inc., Class A(a)		211,410		1,336,111
Estee Lauder Cos., Inc., Class A		140,062		30,239,386
Olaplex Holdings, Inc.(a)(b)		74,023		706,920
				32,282,417
Pharmaceuticals — 4.2%
Bristol-Myers Squibb Co.(b)		1,300,106		92,424,535
Catalent, Inc.(a)		105,362		7,623,994
Elanco Animal Health, Inc.(a)		266,517		3,307,476
Eli Lilly & Co.		514,378		166,324,126
Jazz Pharmaceuticals PLC(a)		36,509		4,866,285
Johnson & Johnson		1,606,613		262,456,300
Merck & Co., Inc.(b)		1,544,297		132,994,858
Organon & Co.		153,927		3,601,892
Perrigo Co. PLC		83,283		2,969,872
Pfizer, Inc.(b)		3,450,319		150,985,959
Royalty Pharma PLC, Class A(b)		223,620		8,985,051
Viatris, Inc.		738,905		6,295,471
Zoetis, Inc.		287,414		42,620,622
				885,456,441
Professional Services — 0.5%
Booz Allen Hamilton Holding Corp.		79,467		7,338,777
CACI International, Inc., Class A(a)		13,905		3,630,039
Clarivate PLC(a)(b)		286,826		2,693,296
CoStar Group, Inc.(a)		241,020		16,787,043
Dun & Bradstreet Holdings, Inc.(b)		149,741		1,855,291
Equifax, Inc.(b)		73,909		12,670,220
FTI Consulting, Inc.(a)(b)		20,290		3,362,256
Jacobs Solutions, Inc.(b)		77,936		8,455,277
KBR, Inc.(b)		82,599		3,569,929
Leidos Holdings, Inc.		83,351		7,290,712
ManpowerGroup, Inc.(b)		31,630		2,046,145
Nielsen Holdings PLC		218,845		6,066,383
Robert Half International, Inc.(b)		64,852		4,961,178
Science Applications International Corp.(b)		32,942		2,913,061
TransUnion		116,750		6,945,458
Verisk Analytics, Inc.(b)		95,033		16,205,977
				106,791,042
Real Estate Management & Development(a) — 0.1%
CBRE Group, Inc., Class A		194,057		13,100,788
Howard Hughes Corp.(b)		22,290		1,234,643
Jones Lang LaSalle, Inc.		29,751		4,494,484
Opendoor Technologies, Inc.		279,919		870,548
WeWork, Inc., Class A(b)		77,407		205,129
Zillow Group, Inc., Class A(b)		33,710		965,117
Zillow Group, Inc., Class C(b)		98,592		2,820,717
				23,691,426
Road & Rail — 1.0%
AMERCO(b)		5,406		2,752,843
Avis Budget Group, Inc.(a)		17,711		2,629,375
CSX Corp.		1,305,724		34,784,488
Hertz Global Holdings, Inc.(a)(b)		123,337		2,007,926

8

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Road & Rail (continued)
JB Hunt Transport Services, Inc.(b)		51,326	$	8,028,413
Knight-Swift Transportation Holdings, Inc.(b)		94,897		4,643,310
Landstar System, Inc.(b)		21,783		3,144,812
Lyft, Inc., Class A(a)(b)		186,875		2,461,144
Norfolk Southern Corp.		143,043		29,988,965
Old Dominion Freight Line, Inc.(b)		61,609		15,326,471
Ryder System, Inc.(b)		29,094		2,196,306
Schneider National, Inc., Class B		30,004		609,081
Uber Technologies, Inc.(a)		1,153,302		30,562,503
Union Pacific Corp.		383,239		74,662,622
XPO Logistics, Inc.(a)		61,561		2,740,696
				216,538,955
Semiconductors & Semiconductor Equipment — 4.3%
Advanced Micro Devices, Inc.(a)		985,999		62,472,897
Allegro MicroSystems, Inc.(a)(b)		41,568		908,261
Analog Devices, Inc.		318,648		44,400,412
Applied Materials, Inc.		530,060		43,427,816
Broadcom, Inc.		241,109		107,054,807
Cirrus Logic, Inc.(a)		34,221		2,354,405
Enphase Energy, Inc.(a)		80,104		22,226,457
Entegris, Inc.		90,288		7,495,710
First Solar, Inc.(a)(b)		65,581		8,674,399
Globalfoundries, Inc.(a)(b)		37,213		1,799,248
Intel Corp.		2,498,128		64,376,759
KLA Corp.		86,623		26,214,718
Lam Research Corp.		83,514		30,566,124
Lattice Semiconductor Corp.(a)		80,975		3,984,780
Marvell Technology, Inc.		519,486		22,291,144
Microchip Technology, Inc.(b)		326,604		19,932,642
Micron Technology, Inc.(b)		672,519		33,693,202
MKS Instruments, Inc.		34,149		2,822,073
Monolithic Power Systems, Inc.(b)		27,631		10,041,105
NVIDIA Corp.(b)		1,470,148		178,461,266
ON Semiconductor Corp.(a)		266,314		16,599,352
Qorvo, Inc.(a)		62,325		4,949,228
Qualcomm, Inc.		684,028		77,281,483
Skyworks Solutions, Inc.		98,058		8,361,406
Teradyne, Inc.(b)		96,981		7,288,122
Texas Instruments, Inc.		562,858		87,119,161
Universal Display Corp.(b)		26,964		2,544,053
Wolfspeed, Inc.(a)(b)		69,721		7,206,363
				904,547,393
Software — 8.8%
Adobe, Inc.(a)		288,079		79,279,341
Alteryx, Inc., Class A(a)(b)		35,262		1,969,030
ANSYS, Inc.(a)		53,414		11,841,884
AppLovin Corp., Class A(a)(b)		133,906		2,609,828
Aspen Technology, Inc.(a)(b)		16,323		3,888,139
Atlassian Corp. PLC, Class A(a)		83,720		17,630,595
Autodesk, Inc.(a)		132,992		24,842,906
Avalara, Inc.(a)		53,071		4,871,918
Bentley Systems, Inc., Class B(b)		100,640		3,078,578
Bill.com Holdings, Inc.(a)(b)		58,746		7,776,208
Black Knight, Inc.(a)		92,931		6,015,424
Cadence Design Systems, Inc.(a)		166,472		27,206,519
CCC Intelligent Solutions Holdings, Inc.(a)(b)		100,713		916,488
Ceridian HCM Holding, Inc.(a)		84,125		4,700,905
Citrix Systems, Inc.(b)		76,214		7,918,635
Confluent, Inc., Class A(a)		73,974		1,758,362
Coupa Software, Inc.(a)		45,608		2,681,750
Crowdstrike Holdings, Inc., Class A(a)		127,550		21,021,515

Security	Shares		Value
Software (continued)
Datadog, Inc., Class A(a)		160,790	$	14,274,936
DocuSign, Inc.(a)(b)		118,961		6,360,845
Dolby Laboratories, Inc., Class A(b)		38,321		2,496,613
DoubleVerify Holdings, Inc.(a)(b)		38,177		1,044,141
Dropbox, Inc., Class A(a)		173,630		3,597,614
Dynatrace, Inc.(a)		119,957		4,175,703
Elastic NV(a)		47,015		3,372,856
Fair Isaac Corp.(a)		15,283		6,296,749
Five9, Inc.(a)		41,693		3,126,141
Fortinet, Inc.(a)		395,231		19,417,699
Guidewire Software, Inc.(a)(b)		52,727		3,246,929
HubSpot, Inc.(a)(b)		27,607		7,457,203
Informatica, Inc., Class A(a)(b)		18,554		372,379
Intuit, Inc.		168,225		65,156,907
Jamf Holding Corp.(a)(b)		42,816		948,803
Manhattan Associates, Inc.(a)		37,592		5,000,864
Microsoft Corp.		4,567,800		1,063,840,620
nCino, Inc.(a)(b)		42,161		1,438,112
NCR Corp.(a)		79,246		1,506,466
New Relic, Inc.(a)		30,316		1,739,532
NortonLifeLock, Inc.(b)		352,478		7,098,907
Nutanix, Inc., Class A(a)		135,190		2,816,008
Oracle Corp.		923,439		56,394,420
Palantir Technologies, Inc., Class A(a)(b)		1,100,082		8,943,667
Palo Alto Networks, Inc.(a)(b)		179,393		29,382,779
Paycom Software, Inc.(a)		31,205		10,297,338
Paycor HCM, Inc.(a)(b)		32,514		961,114
Paylocity Holding Corp.(a)(b)		24,485		5,915,086
Pegasystems, Inc.(b)		24,451		785,855
Procore Technologies, Inc.(a)(b)		41,601		2,058,417
PTC, Inc.(a)		65,024		6,801,510
RingCentral, Inc., Class A(a)		49,946		1,995,842
Roper Technologies, Inc.(b)		64,557		23,217,279
Salesforce, Inc.(a)		587,505		84,506,719
SentinelOne, Inc., Class A(a)(b)		111,943		2,861,263
ServiceNow, Inc.(a)		122,227		46,154,137
Smartsheet, Inc., Class A(a)		75,310		2,587,652
Splunk, Inc.(a)		98,629		7,416,901
Synopsys, Inc.(a)		92,998		28,411,819
Teradata Corp.(a)		62,987		1,956,376
Tyler Technologies, Inc.(a)		25,416		8,832,060
UiPath, Inc., Class A(a)(b)		222,373		2,804,124
Unity Software, Inc.(a)(b)		127,497		4,062,054
VMware, Inc., Class A(b)		128,274		13,656,050
Workday, Inc., Class A(a)		120,997		18,418,163
Zendesk, Inc.(a)		72,748		5,536,123
Zoom Video Communications, Inc., Class A(a)		154,214		11,348,608
Zscaler, Inc.(a)(b)		51,023		8,386,650
				1,848,486,058
Specialty Retail — 2.2%
Advance Auto Parts, Inc.(b)		36,907		5,770,040
AutoNation, Inc.(a)(b)		24,067		2,451,705
AutoZone, Inc.(a)		11,890		25,467,548
Bath & Body Works, Inc.		143,207		4,668,548
Best Buy Co., Inc.(b)		122,945		7,787,336
Burlington Stores, Inc.(a)(b)		39,684		4,440,243
CarMax, Inc.(a)(b)		96,722		6,385,587
Carvana Co.(a)(b)		62,123		1,261,097
Dick’s Sporting Goods, Inc.		32,841		3,436,482
Five Below, Inc.(a)(b)		32,794		4,514,750
Floor & Decor Holdings, Inc., Class A(a)(b)		61,940		4,351,904
GameStop Corp., Class A(a)(b)		163,588		4,110,967

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 9

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio (Percentages shown are based on Net Assets)

Security	Shares		Value
Specialty Retail (continued)
Gap, Inc.(b)		121,344	$	996,234
Home Depot, Inc.		630,767		174,053,846
Leslie’s, Inc.(a)(b)		94,145		1,384,873
Lithia Motors, Inc.(b)		16,956		3,637,910
Lowe’s Cos., Inc.(b)		390,348		73,311,258
O’Reilly Automotive, Inc.(a)		38,313		26,947,449
Penske Automotive Group, Inc.(b)		16,349		1,609,232
Petco Health & Wellness Co., Inc.(a)(b)		47,926		534,854
RH(a)		11,973		2,946,196
Ross Stores, Inc.(b)		210,544		17,742,543
TJX Cos., Inc.(b)		716,679		44,520,100
Tractor Supply Co.(b)		68,825		12,793,191
Ulta Beauty, Inc.(a)		31,131		12,489,446
Victoria’s Secret & Co.(a)(b)		49,253		1,434,247
Williams-Sonoma, Inc.(b)		41,644		4,907,745
				453,955,331
Technology Hardware, Storage & Peripherals — 6.4%
Apple, Inc.		9,334,726		1,290,059,133
Dell Technologies, Inc., Class C		161,000		5,501,370
Hewlett Packard Enterprise Co.(b)		800,976		9,595,693
HP, Inc.		634,979		15,823,677
NetApp, Inc.		133,579		8,261,861
Pure Storage, Inc., Class A(a)		175,856		4,813,179
Western Digital Corp.(a)(b)		190,479		6,200,091
				1,340,255,004
Textiles, Apparel & Luxury Goods — 0.5%
Capri Holdings Ltd.(a)		85,407		3,283,045
Carter’s, Inc.(b)		23,015		1,508,173
Columbia Sportswear Co.(b)		21,331		1,435,576
Deckers Outdoor Corp.(a)		15,945		4,984,567
Hanesbrands, Inc.(b)		203,491		1,416,297
Lululemon Athletica, Inc.(a)		67,747		18,939,351
NIKE, Inc., Class B		748,001		62,173,843
PVH Corp.(b)		42,093		1,885,767
Ralph Lauren Corp.(b)		27,530		2,338,123
Skechers USA, Inc., Class A(a)		80,757		2,561,612
Tapestry, Inc.		152,521		4,336,172
Under Armour, Inc., Class A(a)		103,779		690,130
Under Armour, Inc., Class C(a)		128,526		766,015
VF Corp.(b)		213,254		6,378,427
				112,697,098
Thrifts & Mortgage Finance — 0.0%
MGIC Investment Corp.		181,135		2,322,151
New York Community Bancorp, Inc.(b)		271,919		2,319,469
Rocket Cos., Inc., Class A(b)		81,478		514,941
TFS Financial Corp.(b)		35,153		456,989
UWM Holdings Corp.(b)		64,344		188,528
				5,802,078
Tobacco — 0.6%
Altria Group, Inc.		1,105,636		44,645,582
Philip Morris International, Inc.		945,954		78,523,641
				123,169,223

Security	Shares		Value
Trading Companies & Distributors — 0.3%
Air Lease Corp.(b)		63,100	$	1,956,731
Core & Main, Inc., Class A(a)		47,150		1,072,191
Fastenal Co.(b)		351,089		16,164,138
MSC Industrial Direct Co., Inc., Class A		27,634		2,012,032
SiteOne Landscape Supply, Inc.(a)(b)		26,294		2,738,257
United Rentals, Inc.(a)		42,292		11,423,915
Univar Solutions, Inc.(a)		100,479		2,284,892
W.W.Grainger, Inc.(b)		27,938		13,666,990
Watsco, Inc.(b)		19,901		5,123,711
WESCO International, Inc.(a)		26,533		3,167,510
				59,610,367
Water Utilities(b) — 0.1%
American Water Works Co., Inc.		111,608		14,526,897
Essential Utilities, Inc.		140,970		5,833,339
				20,360,236
Wireless Telecommunication Services — 0.2%
T-Mobile U.S., Inc.(a)		363,672		48,793,872
Total Common Stocks — 97.6% (Cost: $15,007,077,236)				20,442,028,170
Investment Companies
Equity Real Estate Investment Trusts (REITs) — 1.3%
iShares Russell 1000 ETF(b)(c)(d)		1,450,318		286,191,251
Total Investment Companies — 1.3% (Cost: $298,462,672)				286,191,251
Total Long-Term Investments — 98.9% (Cost: $15,305,539,908)				20,728,219,421
Short-Term Securities
Money Market Funds — 13.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.18%(c)(d)(e)		2,526,936,691		2,527,694,772
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.81%(c)(d)		208,818,606		208,818,606
Total Short-Term Securities — 13.1% (Cost: $2,735,660,662)				2,736,513,378
Total Investments — 112.0% (Cost: $18,041,200,570)				23,464,732,799
Liabilities in Excess of Other Assets — (12.0)%				(2,517,212,268	)
Net Assets — 100.0%			$	20,947,520,531

^(a)  Non-income producing security.

^(b)  All or a portion of this security is on loan.

^(c)  Affiliate of the Master Portfolio.

^(d)  Annualized 7-day yield as of period end.

^(e)  All or a portion of this security was purchased with the cash collateral from loaned securities.

For Master Portfolio compliance purposes, the Master Portfolio’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.

10

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio

Affiliates

Investments in issuers considered to be affiliate(s) of the Master Portfolio during the period ended September 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 12/31/21		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 09/30/22		Shares Held at 09/30/22		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,584,757,900	$	942,797,595	(a)	$	—		$	(512,607	)	$	651,884		$	2,527,694,772		2,526,936,691	$	3,784,560	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		227,588,973		—			(18,770,367	)(a)		—			—			208,818,606		208,818,606		1,188,634			—
BlackRock, Inc.		70,074,216		11,938,386			(1,619,006	)		(401,896	)		(29,586,052	)		50,405,648		91,600		1,248,787			—
iShares Russell 1000 ETF		229,918,183		2,683,025,607			(2,564,646,704	)		(17,296,628	)		(44,809,207	)		286,191,251		1,450,318		1,887,114			—
									$	(18,211,131	)	$	(73,743,375	)	$	3,073,110,277			$	8,109,095		$	—

^(a)  Represents net amount purchased (sold).

^(b)  All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
S&P 500 E-Mini Index		826		12/16/22	$	148,742	$	(18,264,045	)
S&P Mid 400 E-Mini Index		59		12/16/22		13,028		(1,567,317	)
							$	(19,831,362	)

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Master Portfolio has the ability to access;

• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Master Portfolio’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 11

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio

Fair Value Hierarchy as of Period End (continued)

The following table summarizes the Master Portfolio’s financial instruments categorized in the fair value hierarchy. The breakdown of the Master Portfolio’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks
Aerospace & Defense	$	333,645,814	$	—	$	—	$	333,645,814
Air Freight & Logistics		112,503,449		—		—		112,503,449
Airlines		38,930,815		—		—		38,930,815
Auto Components		26,415,183		—		—		26,415,183
Automobiles		487,288,294		—		—		487,288,294
Banks		749,170,934		—		—		749,170,934
Beverages		347,380,728		—		—		347,380,728
Biotechnology		488,080,049		—		—		488,080,049
Building Products		114,263,799		—		—		114,263,799
Capital Markets		649,118,633		—		—		649,118,633
Chemicals		359,552,595		—		—		359,552,595
Commercial Services & Supplies		112,670,340		—		—		112,670,340
Communications Equipment		160,468,934		—		—		160,468,934
Construction & Engineering		30,758,279		—		—		30,758,279
Construction Materials		27,425,731		—		—		27,425,731
Consumer Finance		109,003,784		—		—		109,003,784
Containers & Packaging		71,875,893		—		—		71,875,893
Distributors		27,573,025		—		—		27,573,025
Diversified Consumer Services		17,644,538		—		—		17,644,538
Diversified Financial Services		316,796,964		—		—		316,796,964
Diversified Telecommunication Services		172,418,998		—		—		172,418,998
Electric Utilities		384,543,271		—		—		384,543,271
Electrical Equipment		134,002,927		—		—		134,002,927
Electronic Equipment, Instruments & Components		122,513,021		—		—		122,513,021
Energy Equipment & Services		60,351,522		—		—		60,351,522
Entertainment		292,572,054		—		—		292,572,054
Equity Real Estate Investment Trusts (REITs)		627,531,835		—		—		627,531,835
Food & Staples Retailing		316,765,020		—		—		316,765,020
Food Products		231,540,294		—		—		231,540,294
Gas Utilities		15,957,632		—		—		15,957,632
Health Care Equipment & Supplies		531,257,167		—		—		531,257,167
Health Care Providers & Services		695,513,040		—		—		695,513,040
Health Care Technology		24,276,891		—		—		24,276,891
Hotels, Restaurants & Leisure		413,903,633		—		—		413,903,633
Household Durables		66,952,841		—		—		66,952,841
Household Products		264,814,584		—		—		264,814,584
Independent Power and Renewable Electricity Producers		16,993,723		—		—		16,993,723
Industrial Conglomerates		148,360,812		—		—		148,360,812
Insurance		486,666,751		—		—		486,666,751
Interactive Media & Services		905,544,111		—		—		905,544,111
Internet & Direct Marketing Retail		642,096,050		—		—		642,096,050
IT Services		936,089,174		—		—		936,089,174
Leisure Products		18,460,436		—		—		18,460,436
Life Sciences Tools & Services		378,978,611		—		—		378,978,611
Machinery		344,897,112		55,126		—		344,952,238
Marine		2,232,568		—		—		2,232,568
Media		174,864,994		—		—		174,864,994
Metals & Mining		94,787,069		—		—		94,787,069
Mortgage Real Estate Investment Trusts (REITs)		12,352,963		—		—		12,352,963
Multiline Retail		100,857,628		—		—		100,857,628
Multi-Utilities		170,052,582		—		—		170,052,582
Oil, Gas & Consumable Fuels		888,337,112		—		—		888,337,112
Paper & Forest Products		2,481,896		—		—		2,481,896
Personal Products		32,282,417		—		—		32,282,417
Pharmaceuticals		885,456,441		—		—		885,456,441
Professional Services		106,791,042		—		—		106,791,042
Real Estate Management & Development		23,691,426		—		—		23,691,426

12

Schedule of Investments (unaudited) (continued) September 30, 2022 Large Cap Index Master Portfolio

Fair Value Hierarchy as of Period End (continued)

	Level 1			Level 2		Level 3		Total
Common Stocks (continued)
Road & Rail	$	216,538,955		$	—	$	—	$	216,538,955
Semiconductors & Semiconductor Equipment.		904,547,393			—		—		904,547,393
Software		1,840,567,423			7,918,635		—		1,848,486,058
Specialty Retail		453,955,331			—		—		453,955,331
Technology Hardware, Storage & Peripherals		1,340,255,004			—		—		1,340,255,004
Textiles, Apparel & Luxury Goods		112,697,098			—		—		112,697,098
Thrifts & Mortgage Finance		5,802,078			—		—		5,802,078
Tobacco		123,169,223			—		—		123,169,223
Trading Companies & Distributors		59,610,367			—		—		59,610,367
Water Utilities		20,360,236			—		—		20,360,236
Wireless Telecommunication Services		48,793,872			—		—		48,793,872
Investment Companies		286,191,251			—		—		286,191,251
Short-Term Securities
Money Market Funds		2,736,513,378			—		—		2,736,513,378
	$	23,456,759,038		$	7,973,761	$	—	$	23,464,732,799
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(19,831,362	)	$	—	$	—	$	(19,831,362	)

^(a)  Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Portfolio Abbreviation
ETF	Exchange-Traded Fund
MSCI	Morgan Stanley Capital International
REIT	Real Estate Investment Trust
S&P	Standard & Poor’s

M A S T E R   P O R T F O L I O   S C H E D U L E   O F   I N V E S T M E N T S 13