N-CSRS


	Shares		Value
Common Stocks & Other Equity Interests-99.90%
Communication Services-9.60%
Activision Blizzard, Inc.		47,668	$	3,884,942
Alphabet, Inc., Class A^(b)		18,410		49,727,987
Alphabet, Inc., Class C^(b)		17,501		47,214,548
AMC Entertainment Holdings, Inc., Class A^(b)(c)		31,454		593,222
AT&T, Inc.		437,029		10,353,217
Cable One, Inc.		333		477,139
Charter Communications, Inc., Class A^(b)(c)		7,681		4,622,272
Comcast Corp., Class A		279,040		13,047,910
Discovery, Inc., Class A^(b)		10,320		289,476
Discovery, Inc., Class C^(b)		19,195		536,884
DISH Network Corp., Class A^(b)		15,104		482,724
Electronic Arts, Inc.		17,364		2,258,883
Fox Corp., Class A		19,732		825,390
Fox Corp., Class B		9,200		351,992
IAC/InterActiveCorp.^(b)		4,871		558,996
Interpublic Group of Cos., Inc. (The)		24,098		886,806
Liberty Broadband Corp., Class A^(b)		1,460		211,423
Liberty Broadband Corp., Class C^(b)		8,659		1,270,275
Liberty Global PLC, Class A (United Kingdom)^(b)		9,690		249,808
Liberty Global PLC, Class C (United Kingdom)^(b)		20,530		531,111
Liberty Media Corp.-Liberty Formula One, Class C^(b)		11,837		718,861
Liberty Media Corp.-Liberty SiriusXM, Class A^(b)		5,048		254,217
Liberty Media Corp.-Liberty SiriusXM, Class C^(b)		10,309		518,749
Live Nation Entertainment, Inc.^(b)		10,164		1,228,015
Lumen Technologies, Inc.^(c)		53,263		551,805
Match Group, Inc.^(b)(c)		16,459		1,835,014
Meta Platforms, Inc., Class A^(b)		144,816		30,560,521
Netflix, Inc.^(b)		27,109		10,695,043
News Corp., Class A		24,050		536,796
Omnicom Group, Inc.		13,082		1,097,449
Paramount Global, Class B		37,130		1,136,549
Pinterest, Inc., Class A^(b)		34,437		921,190
Roku, Inc., Class A^(b)		7,204		1,005,174
Sirius XM Holdings, Inc.^(c)		61,779		380,559
Snap, Inc., Class A^(b)		66,365		2,650,618
Take-Two Interactive Software, Inc.^(b)		7,106		1,151,172
T-Mobile US, Inc.^(b)		38,221		4,709,209
Twitter, Inc.^(b)		48,936		1,739,675
Verizon Communications, Inc.		253,378		13,598,797
Walt Disney Co. (The)^(b)		111,240		16,514,690
ZoomInfo Technologies, Inc., Class A^(b)		17,274		944,715

				231,123,823

Consumer Discretionary-11.88%
Advance Auto Parts, Inc.		3,847		786,635
Airbnb, Inc., Class A^(b)		18,042		2,733,183
Amazon.com, Inc.^(b)		27,934		85,792,577
Aptiv PLC^(b)		16,555		2,142,879
Aramark^(c)		14,103		521,247
AutoZone, Inc.^(b)		1,283		2,390,729
Bath & Body Works, Inc.		16,180		863,527


	Shares		Value
Consumer Discretionary-(continued)
Best Buy Co., Inc.		13,548	$	1,309,279
Booking Holdings, Inc.^(b)		2,513		5,458,864
BorgWarner, Inc.		14,674		601,781
Burlington Stores, Inc.^(b)(c)		4,086		922,987
Caesars Entertainment, Inc.^(b)		13,083		1,101,458
CarMax, Inc.^(b)		9,948		1,087,615
Carnival Corp.^(b)(c)		51,034		1,037,521
Carvana Co.^(b)(c)		4,714		709,316
Chewy, Inc., Class A^(b)(c)		5,544		261,344
Chipotle Mexican Grill, Inc.^(b)		1,722		2,623,209
D.R. Horton, Inc.		20,755		1,772,477
Darden Restaurants, Inc.		7,956		1,155,370
Dollar General Corp.		14,279		2,832,097
Dollar Tree, Inc.^(b)		13,767		1,956,015
Domino’s Pizza, Inc.		2,248		971,608
DoorDash, Inc., Class A^(b)		6,674		700,436
DraftKings, Inc., Class A^(b)(c)		19,900		471,232
eBay, Inc.		38,311		2,091,397
Etsy, Inc.^(b)		7,759		1,201,792
Expedia Group, Inc.^(b)		8,935		1,752,243
Ford Motor Co.		240,234		4,218,509
Garmin Ltd.		9,416		1,039,903
General Motors Co.^(b)		79,968		3,736,105
Genuine Parts Co.		8,738		1,067,434
Hasbro, Inc.		8,020		778,341
Hilton Worldwide Holdings, Inc.^(b)		17,058		2,539,254
Home Depot, Inc. (The)		63,907		20,183,748
Las Vegas Sands Corp.^(b)		21,040		901,774
Lear Corp.		3,650		574,291
Lennar Corp., Class A		16,765		1,506,838
LKQ Corp.		17,037		799,887
Lowe’s Cos., Inc.		41,233		9,114,967
Lucid Group, Inc.^(b)(c)		25,189		729,977
lululemon athletica, inc.^(b)		7,245		2,317,965
Marriott International, Inc., Class A^(b)		16,942		2,882,512
McDonald’s Corp.		45,731		11,193,577
MercadoLibre, Inc. (Brazil)^(b)		2,779		3,130,960
MGM Resorts International		22,960		1,016,898
Mohawk Industries, Inc.^(b)		3,585		504,696
Newell Brands, Inc.		23,431		556,486
NIKE, Inc., Class B		78,202		10,678,483
NVR, Inc.^(b)		202		1,001,605
O’Reilly Automotive, Inc.^(b)		4,124		2,677,466
Peloton Interactive, Inc., Class A^(b)(c)		17,319		503,290
Pool Corp.		2,453		1,124,897
PulteGroup, Inc.		15,495		769,482
Rivian Automotive, Inc., Class A^(b)(c)		10,924		738,025
Ross Stores, Inc.		21,790		1,991,388
Royal Caribbean Cruises Ltd.^(b)(c)		14,034		1,132,824
Starbucks Corp.		71,881		6,597,957
Target Corp.		29,322		5,857,656
Tesla, Inc.^(b)		52,242		45,473,004
TJX Cos., Inc. (The)		73,595		4,864,629
Tractor Supply Co.		6,973		1,421,028
Ulta Beauty, Inc.^(b)		3,160		1,183,420
Vail Resorts, Inc.		2,475		644,861
VF Corp.		20,433		1,185,523
Wayfair, Inc., Class A^(b)(c)		4,534		638,705

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Consumer Discretionary-(continued)
Whirlpool Corp.		3,717	$	748,121
Wynn Resorts Ltd.^(b)(c)		6,353		549,662
Yum! Brands, Inc.		18,035		2,210,730

				286,035,696

Consumer Staples-6.02%
Altria Group, Inc.		112,507		5,770,484
Archer-Daniels-Midland Co.		34,238		2,685,971
Brown-Forman Corp., Class B		18,955		1,236,435
Bunge Ltd.		8,647		904,044
Campbell Soup Co.		12,012		540,180
Church & Dwight Co., Inc.		14,983		1,466,087
Clorox Co. (The)		7,519		1,096,195
Coca-Cola Co. (The)		251,131		15,630,393
Colgate-Palmolive Co.		49,003		3,770,781
Conagra Brands, Inc.		29,357		1,026,614
Constellation Brands, Inc., Class A		10,053		2,167,628
Costco Wholesale Corp.		27,059		14,050,386
Estee Lauder Cos., Inc. (The), Class A		14,191		4,205,219
General Mills, Inc.		37,068		2,499,495
Hershey Co. (The)		8,898		1,799,709
Hormel Foods Corp.		18,262		870,002
JM Smucker Co. (The)		6,632		893,662
Kellogg Co.		15,658		1,001,173
Keurig Dr Pepper, Inc.		43,390		1,677,891
Kimberly-Clark Corp.		20,607		2,682,001
Kraft Heinz Co. (The)		41,201		1,615,903
Kroger Co. (The)		43,314		2,027,095
McCormick & Co., Inc.		15,260		1,452,294
Molson Coors Beverage Co., Class B		11,660		608,419
Mondelez International, Inc., Class A		85,372		5,590,159
Monster Beverage Corp.^(b)		24,287		2,049,823
PepsiCo, Inc.		84,618		13,855,351
Philip Morris International, Inc.		95,278		9,629,747
Procter & Gamble Co. (The)		148,101		23,087,465
Sysco Corp.		31,375		2,732,762
Tyson Foods, Inc., Class A		18,040		1,671,586
Walgreens Boots Alliance, Inc.		45,029		2,075,387
Walmart, Inc.		93,861		12,686,253

				145,056,594

Energy-3.48%
Baker Hughes Co., Class A		50,547		1,485,071
Cheniere Energy, Inc.		14,744		1,959,478
Chevron Corp.		117,995		16,991,280
ConocoPhillips		80,719		7,657,004
Coterra Energy, Inc.		47,301		1,103,532
Devon Energy Corp.		39,361		2,343,948
Diamondback Energy, Inc.		10,533		1,454,607
EOG Resources, Inc.		35,807		4,114,940
Exxon Mobil Corp.		259,094		20,318,151
Halliburton Co.		54,781		1,836,807
Hess Corp.		17,060		1,724,084
Kinder Morgan, Inc.		124,675		2,169,345
Marathon Petroleum Corp.		37,674		2,933,674
Occidental Petroleum Corp.		57,160		2,499,607
ONEOK, Inc.		27,291		1,782,102
Phillips 66		26,816		2,258,980
Pioneer Natural Resources Co.		14,193		3,400,643
Schlumberger N.V.		85,841		3,368,401


	Shares		Value
Energy-(continued)
Valero Energy Corp.		25,021	$	2,089,504
Williams Cos., Inc. (The)		74,360		2,325,981

				83,817,139

Financials-11.26%
Aflac, Inc.		38,461		2,349,582
AGNC Investment Corp.		32,031		413,520
Alleghany Corp.^(b)		838		554,689
Allstate Corp. (The)		17,545		2,146,806
Ally Financial, Inc.		22,304		1,112,970
American Express Co.		40,292		7,838,406
American Financial Group, Inc.		4,412		597,341
American International Group, Inc.		50,814		3,111,849
Ameriprise Financial, Inc.		6,848		2,052,962
Annaly Capital Management, Inc.^(c)		88,747		617,679
Aon PLC, Class A		13,484		3,939,216
Apollo Global Management, Inc.^(c)		22,016		1,436,764
Arch Capital Group Ltd.^(b)		23,631		1,113,256
Arthur J. Gallagher & Co.		12,685		2,006,640
Assurant, Inc.		3,487		591,779
Bank of America Corp.		450,779		19,924,432
Bank of New York Mellon Corp. (The)		48,013		2,551,891
Berkshire Hathaway, Inc., Class B^(b)		79,773		25,643,031
BlackRock, Inc.		9,297		6,915,945
Blackstone, Inc., Class A		42,037		5,358,456
Brown & Brown, Inc.		14,692		993,326
Capital One Financial Corp.		26,048		3,992,377
Carlyle Group, Inc. (The)		9,819		460,217
Cboe Global Markets, Inc.		6,527		765,552
Charles Schwab Corp. (The)		88,681		7,489,997
Chubb Ltd.		26,361		5,368,154
Cincinnati Financial Corp.		9,369		1,150,420
Citigroup, Inc.		121,437		7,192,713
Citizens Financial Group, Inc.		26,083		1,367,271
CME Group, Inc., Class A		21,995		5,202,477
Coinbase Global, Inc., Class A^(b)(c)		2,375		453,079
Discover Financial Services		17,936		2,214,020
Equitable Holdings, Inc.		22,637		739,324
Erie Indemnity Co., Class A^(c)		1,555		272,280
Everest Re Group Ltd.		2,431		724,973
FactSet Research Systems, Inc.		2,304		935,631
Fidelity National Financial, Inc.		16,544		788,156
Fifth Third Bancorp		42,022		2,010,332
First Citizens BancShares, Inc., Class A		732		577,145
First Republic Bank		10,817		1,874,153
Franklin Resources, Inc.		18,403		547,121
Globe Life, Inc.		5,900		595,664
Goldman Sachs Group, Inc. (The)		20,638		7,043,543
Hartford Financial Services Group, Inc. (The)		20,830		1,447,268
Huntington Bancshares, Inc.^(c)		88,523		1,373,877
Intercontinental Exchange, Inc.		34,480		4,417,578
Invesco Ltd.^(d)		21,118		448,546
JPMorgan Chase & Co.		180,862		25,646,232
KeyCorp		56,981		1,428,514
KKR & Co., Inc., Class A		32,222		1,937,187
Lincoln National Corp.		10,506		708,315
Loews Corp.		13,341		818,337
M&T Bank Corp.		7,875		1,435,061
Markel Corp.^(b)		836		1,039,073

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Financials-(continued)
MarketAxess Holdings, Inc.		2,327	$	887,588
Marsh & McLennan Cos., Inc.		30,909		4,803,568
MetLife, Inc.		43,757		2,955,785
Moody’s Corp.		10,239		3,297,265
Morgan Stanley		82,363		7,473,619
MSCI, Inc.		5,062		2,539,555
Nasdaq, Inc.		7,164		1,226,119
Northern Trust Corp.		12,086		1,376,595
PNC Financial Services Group, Inc. (The)		25,904		5,161,372
Principal Financial Group, Inc.		16,369		1,156,306
Progressive Corp. (The)		35,803		3,792,612
Prudential Financial, Inc.		23,134		2,583,142
Raymond James Financial, Inc.		11,335		1,242,883
Regions Financial Corp.		58,341		1,411,269
Robinhood Markets, Inc., Class A^(b)(c)		11,062		132,855
S&P Global, Inc.^(c)		21,677		8,144,012
SEI Investments Co.		7,312		428,337
Signature Bank		3,711		1,279,887
SoFi Technologies, Inc.^(b)(c)		32,099		367,534
State Street Corp.		22,376		1,909,344
SVB Financial Group^(b)		3,592		2,176,752
Synchrony Financial		33,492		1,432,788
T. Rowe Price Group, Inc.		13,803		1,995,362
Tradeweb Markets, Inc., Class A		6,426		542,868
Travelers Cos., Inc. (The)		15,056		2,587,072
Truist Financial Corp.		81,695		5,083,063
U.S. BanCorp		86,210		4,874,313
Upstart Holdings, Inc.^(b)(c)		2,508		396,239
W.R. Berkley Corp.		8,666		782,540
Webster Financial Corp.		11,004		662,551
Wells Fargo & Co.		244,018		13,023,241
Willis Towers Watson PLC		7,626		1,695,260

				271,156,823

Health Care-13.18%
10X Genomics, Inc., Class A^(b)		4,764		388,123
Abbott Laboratories		108,292		13,062,181
AbbVie, Inc.		108,194		15,987,827
ABIOMED, Inc.^(b)		2,784		865,100
Agilent Technologies, Inc.		18,481		2,409,183
Align Technology, Inc.^(b)		4,585		2,345,044
Alnylam Pharmaceuticals, Inc.^(b)		7,320		1,155,462
AmerisourceBergen Corp.		9,553		1,361,589
Amgen, Inc.^(c)		34,472		7,807,219
Anthem, Inc.		14,879		6,723,076
Avantor, Inc.^(b)		33,569		1,164,509
Baxter International, Inc.		30,642		2,603,651
Becton, Dickinson and Co.		17,382		4,715,389
Biogen, Inc.^(b)		8,990		1,896,980
BioMarin Pharmaceutical, Inc.^(b)		11,236		877,756
Bio-Rad Laboratories, Inc., Class A^(b)		1,368		856,313
Bio-Techne Corp.		2,405		1,008,681
Boston Scientific Corp.^(b)		87,209		3,852,022
Bristol-Myers Squibb Co.		135,842		9,328,270
Cardinal Health, Inc.		17,245		931,402
Catalent, Inc.^(b)		10,477		1,069,073
Centene Corp.^(b)		35,710		2,950,360
Cerner Corp.		18,031		1,681,391
Charles River Laboratories International, Inc.^(b)		3,126		910,166


	Shares		Value
Health Care-(continued)
Cigna Corp.		20,283	$	4,822,892
Cooper Cos., Inc. (The)		3,033		1,240,558
CVS Health Corp.		80,788		8,373,676
Danaher Corp.		39,359		10,800,503
DaVita, Inc.^(b)		4,158		468,898
DENTSPLY SIRONA, Inc.		13,379		724,339
DexCom, Inc.^(b)		5,932		2,455,314
Edwards Lifesciences Corp.^(b)		38,209		4,293,545
Elanco Animal Health, Inc.^(b)		26,058		740,308
Eli Lilly and Co.		49,762		12,438,012
Exact Sciences Corp.^(b)(c)		10,546		823,221
Gilead Sciences, Inc.		76,768		4,636,787
HCA Healthcare, Inc.		15,228		3,811,721
Henry Schein, Inc.^(b)		8,525		736,390
Hologic, Inc.^(b)		15,465		1,100,644
Horizon Therapeutics PLC^(b)		13,187		1,202,259
Humana, Inc.		7,866		3,416,361
IDEXX Laboratories, Inc.^(b)		5,189		2,762,364
Illumina, Inc.^(b)		9,087		2,967,814
Incyte Corp.^(b)		11,491		784,835
Insulet Corp.^(b)		4,221		1,117,256
Intuitive Surgical, Inc.^(b)		21,847		6,342,840
IQVIA Holdings, Inc.^(b)		11,686		2,689,182
Jazz Pharmaceuticals PLC^(b)		3,762		516,974
Johnson & Johnson		161,115		26,514,696
Laboratory Corp. of America Holdings^(b)		5,886		1,596,636
Masimo Corp.^(b)		3,211		505,572
McKesson Corp.		9,344		2,569,226
Medtronic PLC		82,305		8,641,202
Merck & Co., Inc.		154,588		11,838,349
Mettler-Toledo International, Inc.^(b)		1,407		1,982,097
Moderna, Inc.^(b)		21,091		3,239,578
Molina Healthcare, Inc.^(b)		3,574		1,096,753
Neurocrine Biosciences, Inc.^(b)		5,806		521,785
Novavax, Inc.^(b)(c)		4,396		366,495
Novocure Ltd.^(b)(c)		5,718		468,075
PerkinElmer, Inc.		6,951		1,248,469
Pfizer, Inc.		343,507		16,124,219
Quest Diagnostics, Inc.		7,508		985,575
Regeneron Pharmaceuticals, Inc.^(b)		6,470		4,000,789
ResMed, Inc.		8,918		2,200,517
Royalty Pharma PLC, Class A		21,029		825,599
Seagen, Inc.^(b)		8,393		1,081,606
STERIS PLC		6,121		1,469,040
Stryker Corp.		20,800		5,477,680
Teladoc Health, Inc.^(b)(c)		8,818		669,374
Teleflex, Inc.		2,867		964,201
Thermo Fisher Scientific, Inc.		24,116		13,119,104
UnitedHealth Group, Inc.		57,641		27,429,623
Universal Health Services, Inc., Class B		4,475		644,087
Veeva Systems, Inc., Class A^(b)		8,486		1,943,718
Vertex Pharmaceuticals, Inc.^(b)		15,560		3,579,111
Viatris, Inc.		74,015		814,905
Waters Corp.^(b)		3,748		1,187,104
West Pharmaceutical Services, Inc.		4,534		1,755,021
Zimmer Biomet Holdings, Inc.		12,785		1,626,124
Zoetis, Inc.		28,955		5,607,136

				317,310,926

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Industrials-7.83%
3M Co.		35,302	$	5,247,642
A.O. Smith Corp.		8,131		557,624
Allegion PLC		5,480		627,570
AMERCO		600		346,566
AMETEK, Inc.		14,157		1,837,437
Boeing Co. (The)^(b)		34,169		7,016,262
Booz Allen Hamilton Holding Corp.		8,251		665,773
C.H. Robinson Worldwide, Inc.		8,041		777,404
Carrier Global Corp.		50,383		2,261,189
Caterpillar, Inc.		33,106		6,210,024
Cintas Corp.		5,696		2,137,823
Clarivate PLC^(b)(c)		21,478		321,740
Copart, Inc.^(b)		13,064		1,605,304
CoStar Group, Inc.^(b)		24,170		1,474,612
CSX Corp.		135,740		4,602,943
Cummins, Inc.		8,762		1,788,499
Deere & Co.		18,060		6,501,961
Delta Air Lines, Inc.^(b)		9,792		390,897
Dover Corp.		8,812		1,382,250
Eaton Corp. PLC		24,394		3,763,750
Emerson Electric Co.		36,478		3,389,536
Equifax, Inc.		7,466		1,630,126
Expeditors International of Washington, Inc.		10,369		1,071,740
Fastenal Co.		35,200		1,811,392
FedEx Corp.		15,445		3,432,960
Fortive Corp.		20,848		1,349,908
Fortune Brands Home & Security, Inc.		8,415		731,264
Generac Holdings, Inc.^(b)		3,861		1,218,030
General Dynamics Corp.		14,525		3,405,386
General Electric Co.		67,206		6,418,845
HEICO Corp.^(c)		2,655		391,639
HEICO Corp., Class A		4,470		549,452
Honeywell International, Inc.		42,131		7,994,357
Howmet Aerospace, Inc.		23,556		846,132
Huntington Ingalls Industries, Inc.		2,447		500,167
IDEX Corp.		4,653		892,911
Illinois Tool Works, Inc.		19,220		4,158,055
Ingersoll Rand, Inc.		24,944		1,260,171
J.B. Hunt Transport Services, Inc.		5,141		1,043,263
Jacobs Engineering Group, Inc.		7,956		978,588
Johnson Controls International PLC		43,105		2,800,101
Knight-Swift Transportation Holdings, Inc.		9,649		525,678
L3Harris Technologies, Inc.		12,009		3,029,991
Leidos Holdings, Inc.		8,209		836,005
Lennox International, Inc.		2,016		538,131
Lockheed Martin Corp.		15,207		6,596,797
Lyft, Inc., Class A^(b)		16,261		633,203
Masco Corp.		15,082		845,195
Nordson Corp.		3,201		724,995
Norfolk Southern Corp.		14,893		3,820,352
Northrop Grumman Corp.		9,217		4,075,204
Old Dominion Freight Line, Inc.		6,010		1,887,320
Otis Worldwide Corp.		24,733		1,937,336
Owens Corning		6,233		580,853
PACCAR, Inc.		21,247		1,950,687
Parker-Hannifin Corp.		7,882		2,336,146
Pentair PLC		10,125		586,339
Plug Power, Inc.^(b)(c)		31,746		802,856
Raytheon Technologies Corp.		91,603		9,407,628


	Shares		Value
Industrials-(continued)
Republic Services, Inc.		13,594	$	1,635,086
Robert Half International, Inc.		6,830		821,581
Rockwell Automation, Inc.		7,098		1,892,185
Rollins, Inc.		13,508		440,766
Roper Technologies, Inc.		6,456		2,893,708
Sensata Technologies Holding PLC^(b)		9,699		561,669
Snap-on, Inc.		3,300		693,594
Southwest Airlines Co.^(b)		9,023		395,207
Stanley Black & Decker, Inc.		9,978		1,623,421
Sunrun, Inc.^(b)(c)		10,768		293,751
Textron, Inc.		13,595		994,202
Trane Technologies PLC		14,537		2,237,680
TransDigm Group, Inc.^(b)		3,212		2,141,087
TransUnion		11,726		1,064,252
Uber Technologies, Inc.^(b)		89,051		3,208,508
Union Pacific Corp.		39,344		9,676,657
United Parcel Service, Inc., Class B		44,624		9,389,782
United Rentals, Inc.^(b)		4,431		1,425,098
Verisk Analytics, Inc.		9,370		1,661,676
W.W. Grainger, Inc.		2,680		1,278,521
Wabtec Corp.		10,957		1,017,029
Waste Connections, Inc.		15,944		1,968,925
Waste Management, Inc.		25,657		3,704,871
Xylem, Inc.		11,036		981,652

				188,506,917

Information Technology-28.82%
Accenture PLC, Class A		38,677		12,222,706
Adobe, Inc.^(b)		29,133		13,624,921
Advanced Micro Devices, Inc.^(b)		100,045		12,339,550
Affirm Holdings, Inc.^(b)		10,193		426,475
Akamai Technologies, Inc.^(b)(c)		9,941		1,076,213
Amphenol Corp., Class A		36,599		2,781,890
Analog Devices, Inc.		32,828		5,262,000
ANSYS, Inc.^(b)		5,340		1,731,175
Apple, Inc.		1,004,071		165,792,204
Applied Materials, Inc.		55,259		7,415,758
Arista Networks, Inc.^(b)		14,085		1,728,652
Arrow Electronics, Inc.^(b)		4,336		528,472
Asana, Inc., Class A^(b)(c)		4,065		222,721
Autodesk, Inc.^(b)		13,455		2,963,195
Automatic Data Processing, Inc.		25,816		5,277,823
Avalara, Inc.^(b)(c)		5,319		552,697
Bentley Systems, Inc., Class B		10,770		413,460
Bill.com Holdings, Inc.^(b)(c)		4,707		1,119,701
Black Knight, Inc.^(b)		9,551		536,671
Block, Inc., Class A^(b)		31,087		3,963,592
Broadcom, Inc.		25,191		14,798,201
Broadridge Financial Solutions, Inc.		7,135		1,043,208
Cadence Design Systems, Inc.^(b)		16,961		2,568,404
CDW Corp.		8,359		1,441,593
Ceridian HCM Holding, Inc.^(b)		8,335		607,705
Cisco Systems, Inc.		258,117		14,395,185
Citrix Systems, Inc.		7,633		782,382
Cloudflare, Inc., Class A^(b)		15,924		1,853,872
Cognex Corp.		10,820		730,999
Cognizant Technology Solutions Corp., Class A		32,145		2,768,649
Corning, Inc.		49,617		2,004,527
Coupa Software, Inc.^(b)(c)		4,532		548,417

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Information Technology-(continued)
Crowdstrike Holdings, Inc., Class A^(b)		11,967	$	2,336,078
Datadog, Inc., Class A^(b)		13,379		2,155,491
Dell Technologies, Inc., Class C^(b)		17,800		907,088
DocuSign, Inc.^(b)		12,039		1,425,779
Dropbox, Inc., Class A^(b)		19,241		436,578
Dynatrace, Inc.^(b)		11,340		503,723
Enphase Energy, Inc.^(b)		7,844		1,307,595
Entegris, Inc.		8,293		1,082,071
EPAM Systems, Inc.^(b)		3,471		721,100
F5, Inc.^(b)		3,747		752,585
Fair Isaac Corp.^(b)		1,674		788,772
Fidelity National Information Services, Inc.		37,267		3,548,936
Fiserv, Inc.^(b)		36,368		3,552,063
FleetCor Technologies, Inc.^(b)		4,721		1,105,658
Fortinet, Inc.^(b)		8,505		2,930,143
Gartner, Inc.^(b)		5,055		1,417,523
Global Payments, Inc.		17,757		2,368,429
GoDaddy, Inc., Class A^(b)		10,305		859,540
Guidewire Software, Inc.^(b)		4,843		426,910
Hewlett Packard Enterprise Co.		80,053		1,274,444
HP, Inc.		70,534		2,423,548
HubSpot, Inc.^(b)		2,762		1,450,050
Intel Corp.		248,900		11,872,530
International Business Machines Corp.		54,884		6,723,839
Intuit, Inc.		16,463		7,809,553
IPG Photonics Corp.^(b)		2,284		297,719
Jack Henry & Associates, Inc.		4,531		801,081
Juniper Networks, Inc.		19,901		672,455
Keysight Technologies, Inc.^(b)		11,273		1,774,032
KLA Corp.		9,279		3,233,731
Lam Research Corp.		8,617		4,837,153
Marvell Technology, Inc.		50,406		3,444,242
Mastercard, Inc., Class A		53,687		19,371,343
Microchip Technology, Inc.		33,958		2,388,266
Micron Technology, Inc.		68,460		6,083,356
Microsoft Corp.		436,514		130,426,018
MongoDB, Inc.^(b)(c)		3,645		1,392,354
Monolithic Power Systems, Inc.		2,680		1,229,316
Motorola Solutions, Inc.		10,335		2,278,144
NetApp, Inc.		13,686		1,072,709
NortonLifeLock, Inc.		35,605		1,031,833
Nuance Communications, Inc.^(b)		18,573		1,031,173
NVIDIA Corp.		153,000		37,309,050
NXP Semiconductors N.V. (China)		16,275		3,094,203
Okta, Inc.^(b)(c)		9,034		1,651,777
ON Semiconductor Corp.^(b)		26,367		1,650,838
Oracle Corp.		100,381		7,625,945
Palantir Technologies, Inc., Class A^(b)(c)		99,181		1,175,295
Palo Alto Networks, Inc.^(b)		6,038		3,588,081
Paychex, Inc.		19,861		2,364,651
Paycom Software, Inc.^(b)		3,123		1,059,353
PayPal Holdings, Inc.^(b)		68,310		7,645,938
PTC, Inc.^(b)		6,853		762,602
Qorvo, Inc.^(b)		6,780		927,368
QUALCOMM, Inc.		68,544		11,788,883
RingCentral, Inc., Class A^(b)		4,774		624,630
salesforce.com, inc.^(b)		59,915		12,613,905
Seagate Technology Holdings PLC		12,263		1,265,051
ServiceNow, Inc.^(b)		12,179		7,062,846
Skyworks Solutions, Inc.		10,122		1,398,557


	Shares		Value
Information Technology-(continued)
Snowflake, Inc., Class A^(b)		12,891	$	3,424,623
SolarEdge Technologies, Inc.^(b)(c)		3,214		1,026,616
Splunk, Inc.^(b)		9,961		1,176,394
SS&C Technologies Holdings, Inc.		14,011		1,050,405
Synopsys, Inc.^(b)		9,333		2,915,536
TE Connectivity Ltd. (Switzerland)		20,010		2,850,024
Teledyne Technologies, Inc.^(b)(c)		2,869		1,231,891
Teradyne, Inc.		10,071		1,187,572
Texas Instruments, Inc.		56,520		9,607,835
Trade Desk, Inc. (The), Class A^(b)		26,688		2,277,020
Trimble, Inc.^(b)		15,352		1,070,802
Twilio, Inc., Class A^(b)		10,309		1,802,013
Tyler Technologies, Inc.^(b)		2,508		1,074,076
Unity Software, Inc.^(b)		3,501		372,681
VeriSign, Inc.^(b)		6,146		1,313,523
Visa, Inc., Class A^(c)		102,187		22,084,654
VMware, Inc., Class A		12,842		1,506,623
Western Digital Corp.^(b)		19,071		971,477
Western Union Co. (The)^(c)		24,788		450,646
Workday, Inc., Class A^(b)		11,812		2,705,539
Zebra Technologies Corp., Class A^(b)		3,271		1,352,035
Zendesk, Inc.^(b)		7,398		863,125
Zoom Video Communications, Inc., Class A^(b)		13,343		1,769,282
Zscaler, Inc.^(b)		5,143		1,229,948

				693,991,282

Materials-2.53%
Air Products and Chemicals, Inc.		13,553		3,202,574
Albemarle Corp.		7,159		1,402,377
Amcor PLC		93,859		1,091,580
Avery Dennison Corp.		5,067		892,805
Ball Corp.		19,926		1,788,159
Celanese Corp.		6,663		928,023
CF Industries Holdings, Inc.		13,124		1,065,538
Corteva, Inc.		44,788		2,330,320
Crown Holdings, Inc.		7,826		960,015
Dow, Inc.		45,410		2,677,374
DuPont de Nemours, Inc.		31,708		2,453,248
Eastman Chemical Co.		8,287		981,761
Ecolab, Inc.		15,784		2,782,088
FMC Corp.		7,858		921,350
Freeport-McMoRan, Inc.		89,871		4,219,443
International Flavors & Fragrances, Inc.		15,578		2,071,874
International Paper Co.		22,649		985,911
Linde PLC (United Kingdom)		31,368		9,198,352
LyondellBasell Industries N.V., Class A		16,321		1,586,891
Martin Marietta Materials, Inc.		3,818		1,448,549
Mosaic Co. (The)		22,669		1,188,536
Newmont Corp.		48,803		3,230,759
Nucor Corp.		17,491		2,302,165
Packaging Corp. of America		5,813		855,615
PPG Industries, Inc.		14,529		1,938,895
RPM International, Inc.		7,923		670,048
Sealed Air Corp.		9,143		613,770
Sherwin-Williams Co. (The)		15,262		4,015,890
Steel Dynamics, Inc.		12,145		857,194
Vulcan Materials Co.		8,122		1,473,737
WestRock Co.		16,285		737,222

				60,872,063

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Real Estate-2.79%
Alexandria Real Estate Equities, Inc.^(c)		9,010	$	1,706,494
American Tower Corp.		27,871		6,323,094
AvalonBay Communities, Inc.		8,552		2,040,422
Boston Properties, Inc.		9,082		1,110,819
Camden Property Trust		6,254		1,032,598
CBRE Group, Inc., Class A^(b)		20,479		1,983,391
Crown Castle International Corp.		26,451		4,406,472
Digital Realty Trust, Inc.		17,368		2,343,291
Duke Realty Corp.		23,308		1,235,324
Equinix, Inc.		5,511		3,911,322
Equity LifeStyle Properties, Inc.		10,688		797,539
Equity Residential		21,803		1,859,796
Essex Property Trust, Inc.		3,983		1,263,288
Extra Space Storage, Inc.		8,194		1,541,701
Healthpeak Properties, Inc.		32,991		1,024,700
Host Hotels & Resorts, Inc.^(b)		43,699		798,381
Invitation Homes, Inc.		36,522		1,380,532
Iron Mountain, Inc.		17,720		871,470
Kimco Realty Corp.		37,725		887,669
Medical Properties Trust, Inc.		36,494		742,288
Mid-America Apartment Communities, Inc.		7,075		1,447,616
Prologis, Inc.		45,247		6,599,275
Public Storage		9,686		3,438,724
Realty Income Corp.		34,631		2,288,763
Regency Centers Corp.		9,430		621,343
SBA Communications Corp., Class A		6,683		2,027,555
Simon Property Group, Inc.		20,111		2,766,469
Sun Communities, Inc.^(c)		7,097		1,284,557
UDR, Inc.		18,922		1,038,250
Ventas, Inc.		24,430		1,319,220
VICI Properties, Inc.		38,491		1,076,208
Vornado Realty Trust		9,941		430,246
W.P. Carey, Inc.		11,401		882,437
Welltower, Inc.		26,639		2,218,762
Weyerhaeuser Co.		45,842		1,782,337
Zillow Group, Inc., Class A^(b)		3,747		214,591
Zillow Group, Inc., Class C^(b)(c)		10,312		593,146

				67,290,090

Utilities-2.51%
AES Corp. (The)		40,803		866,248
Alliant Energy Corp.		15,322		894,805
Ameren Corp.		15,765		1,355,002
American Electric Power Co., Inc.		30,823		2,794,105
American Water Works Co., Inc.		11,110		1,678,610
Atmos Energy Corp.^(c)		8,104		889,900
CenterPoint Energy, Inc.		38,487		1,052,619
CMS Energy Corp.		17,729		1,134,833


	Shares		Value
Utilities-(continued)
Consolidated Edison, Inc.		21,649	$	1,856,835
Constellation Energy Corp.		19,948		917,209
Dominion Energy, Inc.		49,566		3,941,984
DTE Energy Co.		11,856		1,441,571
Duke Energy Corp.		47,084		4,727,704
Edison International		23,250		1,474,515
Entergy Corp.		12,300		1,294,083
Essential Utilities, Inc.		14,694		692,234
Evergy, Inc.		14,033		875,800
Eversource Energy		21,041		1,721,154
Exelon Corp.		59,873		2,548,195
FirstEnergy Corp.		33,318		1,394,358
NextEra Energy, Inc.		120,083		9,398,896
NiSource, Inc.		24,034		695,304
NRG Energy, Inc.		14,984		566,995
PG&E Corp.^(b)(c)		91,128		1,036,125
PPL Corp.		45,944		1,202,355
Public Service Enterprise Group, Inc.		30,947		2,006,294
Sempra Energy		19,543		2,818,491
Southern Co. (The)		64,860		4,200,982
UGI Corp.		12,804		492,186
Vistra Corp.		26,583		606,624
WEC Energy Group, Inc.		19,305		1,754,438
Xcel Energy, Inc.		32,967		2,219,668

				60,550,122

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.90% (Cost $2,300,653,285)				2,405,711,475


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-2.74%
Invesco Private Government Fund, 0.12%^(d)(e)(f)		19,753,673		19,753,673
Invesco Private Prime Fund, 0.08%^(d)(e)(f)		46,087,294		46,091,904

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $65,850,498)				65,845,577

TOTAL INVESTMENTS IN SECURITIES-102.64% (Cost $2,366,503,783)				2,471,557,052
OTHER ASSETS LESS LIABILITIES-(2.64)%				(63,484,221	)

NET ASSETS-100.00%			$	2,408,072,831

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Common Stocks & Other Equity Interests-99.93%
Communication Services-2.43%
Advantage Solutions, Inc.^(b)(c)		477	$	3,754
Altice USA, Inc., Class A^(b)		1,624		18,773
AMC Networks, Inc., Class A^(b)(c)		208		8,622
Angi, Inc., Class A^(b)(c)		524		3,610
Anterix, Inc.^(b)		89		4,742
ATN International, Inc.		83		2,766
Audacy, Inc.^(b)(c)		925		2,868
Bandwidth, Inc., Class A^(b)(c)		165		5,041
Boston Omaha Corp., Class A^(b)		129		3,611
Bumble, Inc., Class A^(b)(c)		530		13,584
Cardlytics, Inc.^(b)(c)		248		14,384
Cargurus, Inc.^(b)		603		29,215
Cars.com, Inc.^(b)		517		8,365
Cinemark Holdings, Inc.^(b)(c)		757		13,278
Clear Channel Outdoor Holdings, Inc.^(b)		2,468		9,230
Cogent Communications Holdings, Inc.		322		20,415
Consolidated Communications Holdings, Inc.^(b)		555		3,952
CuriosityStream, Inc.^(b)		213		780
E.W. Scripps Co. (The), Class A^(b)		396		8,815
EchoStar Corp., Class A^(b)		289		7,034
Eventbrite, Inc., Class A^(b)(c)		537		8,114
EverQuote, Inc., Class A^(b)		140		2,083
Frontier Communications Parent, Inc.^(b)		1,372		37,799
fuboTV, Inc.^(b)(c)		367		3,138
Gannett Co., Inc.^(b)		1,014		5,029
Globalstar, Inc.^(b)		5,367		6,333
Gogo, Inc.^(b)(c)		373		5,312
Gray Television, Inc.^(c)		598		14,011
Hemisphere Media Group, Inc.^(b)		123		658
IDT Corp., Class B^(b)		163		5,878
iHeartMedia, Inc., Class A^(b)		891		19,112
IMAX Corp.^(b)		377		7,796
Iridium Communications, Inc.^(b)		888		35,156
John Wiley & Sons, Inc., Class A		329		16,552
Liberty Latin America Ltd., Class A (Chile)^(b)		344		3,457
Liberty Latin America Ltd., Class C (Chile)^(b)		1,162		11,725
Liberty Media Corp.-Liberty Braves, Class A^(b)(c).		61		1,563
Liberty Media Corp.-Liberty Braves, Class C^(b)		295		7,286
Lions Gate Entertainment Corp., Class A^(b)		436		6,697
Lions Gate Entertainment Corp., Class B^(b)		901		12,839
Loyalty Ventures, Inc.^(b)		147		3,528
Madison Square Garden Entertainment Corp.^(b)(c)		182		14,262
Madison Square Garden Sports Corp., Class A^(b)		110		19,030
Magnite, Inc.^(b)(c)		933		13,603
Marcus Corp. (The)^(b)(c)		164		2,982
MediaAlpha, Inc., Class A^(b)		117		1,680
New York Times Co. (The), Class A		1,254		55,163
Nexstar Media Group, Inc., Class A		306		56,625
PubMatic, Inc., Class A^(b)		196		5,998
QuinStreet, Inc.^(b)		385		4,331
Radius Global Infrastructure, Inc., Class A^(b)		452		5,813
Scholastic Corp.		196		8,248
Shenandoah Telecommunications Co.		355		7,934
Sinclair Broadcast Group, Inc., Class A		369		11,070
Skillz, Inc., (Acquired 05/27/2021 -02/10/2022; Cost $11,267)^(b)(d)		751		2,336


	Shares		Value
Communication Services-(continued)
Stagwell, Inc.^(b)		478	$	3,623
TechTarget, Inc.^(b)(c)		189		14,814
TEGNA, Inc.		1,573		36,053
Telephone & Data Systems, Inc.		720		12,492
Thryv Holdings, Inc.^(b)		152		4,621
TripAdvisor, Inc.^(b)		746		18,978
TrueCar, Inc.^(b)		641		2,141
United States Cellular Corp.^(b)		100		2,751
Vimeo, Inc.^(b)(c)		1,104		14,341
WideOpenWest, Inc.^(b)		391		6,643
World Wrestling Entertainment, Inc., Class A		337		19,971
Yelp, Inc.^(b)		551		18,673
Ziff Davis, Inc.^(b)		342		34,405
ZipRecruiter, Inc., Class A^(b)		155		3,097
Zynga, Inc., Class A^(b)		7,133		64,768

				863,351

Consumer Discretionary-13.81%
1-800-Flowers.com, Inc., Class A^(b)		208		3,220
2U, Inc.^(b)(c)		559		5,869
Aaron’s Co., Inc. (The)		245		5,143
Abercrombie & Fitch Co., Class A^(b)		427		16,260
Academy Sports & Outdoors, Inc.^(b)		633		20,490
Accel Entertainment, Inc.^(b)		421		5,511
Acushnet Holdings Corp.		277		12,133
Adient PLC^(b)		705		31,549
Adtalem Global Education, Inc.^(b)		353		7,335
American Axle & Manufacturing Holdings, Inc.^(b)		853		7,899
American Eagle Outfitters, Inc.^(c)		1,192		25,127
American Public Education, Inc.^(b)		139		2,774
America’s Car-Mart, Inc.^(b)		50		4,809
AMMO, Inc.^(b)(c)		636		2,996
Arko Corp.^(b)		369		3,081
Asbury Automotive Group, Inc.^(b)		161		31,252
Autoliv, Inc. (Sweden)		629		55,358
AutoNation, Inc.^(b)		319		36,577
Bally’s Corp.^(b)		245		8,825
BARK, Inc.^(b)		442		1,392
Beachbody Co., Inc. (The)^(b)(c)		750		1,500
Bed Bath & Beyond, Inc.^(b)(c)		743		12,549
Big Lots, Inc.		247		8,586
BJ’s Restaurants, Inc.^(b)		178		5,708
Bloomin’ Brands, Inc.^(b)		602		14,815
Boot Barn Holdings, Inc.^(b)		220		19,144
Boyd Gaming Corp.^(b)		630		44,692
Bright Horizons Family Solutions, Inc.^(b)		454		59,311
Brinker International, Inc.^(b)		344		14,634
Brunswick Corp.		569		54,351
Buckle, Inc. (The)^(c)		223		8,028
Caleres, Inc.		287		5,958
Callaway Golf Co.^(b)(c)		905		22,390
Camping World Holdings, Inc., Class A		307		9,428
Canoo, Inc.^(b)(c)		796		4,569
Capri Holdings Ltd.^(b)		1,140		77,224
CarLotz, Inc.^(b)(c)		511		1,032
CarParts.com, Inc.^(b)(c)		289		2,419
Carriage Services, Inc.		127		6,250
Carter’s, Inc.		317		30,648

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Consumer Discretionary-(continued)
Cavco Industries, Inc.^(b)		62	$	16,903
Century Communities, Inc.		227		14,464
Cheesecake Factory, Inc. (The)^(b)(c)		367		15,704
Chegg, Inc.^(b)(c)		1,082		33,834
Children’s Place, Inc. (The)^(b)		104		6,548
Choice Hotels International, Inc.		277		39,985
Churchill Downs, Inc.		257		61,904
Chuy’s Holdings, Inc.^(b)		149		4,857
Citi Trends, Inc.^(b)		65		2,425
Clarus Corp.^(c)		165		3,757
Columbia Sportswear Co.		271		25,127
Container Store Group, Inc. (The)^(b)		246		2,172
ContextLogic, Inc., Class A^(b)		2,084		4,939
Coursera, Inc.^(b)(c)		361		7,339
Cracker Barrel Old Country Store, Inc.^(c)		169		22,692
Cricut, Inc., Class A^(b)(c)		92		1,539
Crocs, Inc.^(b)		441		36,925
Dana, Inc.		1,087		20,240
Dave & Buster’s Entertainment, Inc.^(b)		289		12,525
Deckers Outdoor Corp.^(b)		203		58,594
Denny’s Corp.^(b)		481		7,609
Designer Brands, Inc., Class A^(b)(c)		463		6,042
Dick’s Sporting Goods, Inc.^(c)		471		49,455
Dillard’s, Inc., Class A		45		11,282
Dine Brands Global, Inc.		122		10,228
Dorman Products, Inc.^(b)		218		20,366
Dream Finders Homes, Inc., Class A^(b)		134		2,696
Duluth Holdings, Inc., Class B^(b)		156		2,173
Duolingo, Inc.^(b)		48		4,142
El Pollo Loco Holdings, Inc.^(b)		151		2,004
Electric Last Mile Solutions, Inc.^(b)(c)		417		909
Ethan Allen Interiors, Inc.		161		4,196
European Wax Center, Inc., Class A^(b)(c)		95		2,363
Everi Holdings, Inc.^(b)		675		15,795
F45 Training Holdings, Inc.^(b)(c)		140		2,153
Faraday Future Intelligent Electric, Inc.^(b)(c)		779		4,479
Fisker, Inc.^(b)(c)		1,104		13,469
Five Below, Inc.^(b)		422		69,043
Floor & Decor Holdings, Inc., Class A^(b)		785		75,062
Foot Locker, Inc.		697		22,039
Fox Factory Holding Corp.^(b)		315		37,176
Franchise Group, Inc.		180		7,587
frontdoor, inc.^(b)		646		19,412
Funko, Inc., Class A^(b)		162		2,829
GameStop Corp., Class A^(b)(c)		479		59,080
GAN Ltd. (United Kingdom)^(b)		252		1,681
Gap, Inc. (The)^(c)		1,690		24,589
Genesco, Inc.^(b)		106		6,800
Gentex Corp.		1,783		53,971
Gentherm, Inc.^(b)		249		21,125
G-III Apparel Group Ltd.^(b)		327		9,071
Golden Entertainment, Inc.^(b)		140		7,970
Golden Nugget Online Gaming, Inc.^(b)		295		2,537
Goodyear Tire & Rubber Co. (The)^(b)(c)		2,105		32,606
GoPro, Inc., Class A^(b)(c)		899		7,731
Graham Holdings Co., Class B		30		18,034
Grand Canyon Education, Inc.^(b)		300		26,049
Green Brick Partners, Inc.^(b)		248		5,751
Group 1 Automotive, Inc.		129		23,469
Groupon, Inc.^(b)(c)		187		4,062


	Shares		Value
Consumer Discretionary-(continued)
GrowGeneration Corp.^(b)(c)		357	$	3,002
Guess?, Inc.^(c)		296		6,482
H&R Block, Inc.		1,333		33,072
Hanesbrands, Inc.		2,613		40,371
Harley-Davidson, Inc.		1,154		47,660
Haverty Furniture Cos., Inc., (Acquired 09/19/2017 - 02/10/2022; Cost $3,615)^(d)		121		3,438
Hayward Holdings, Inc.^(b)		346		6,190
Helen of Troy Ltd.^(b)(c)		180		37,021
Hibbett, Inc.^(c)		120		5,410
Hilton Grand Vacations, Inc.^(b)		672		34,850
Holley, Inc.^(b)		309		4,008
Houghton Mifflin Harcourt Co.^(b)		952		19,944
Hovnanian Enterprises, Inc., Class A^(b)		42		4,037
Hyatt Hotels Corp., Class A		368		35,736
Installed Building Products, Inc.		174		16,826
iRobot Corp.^(b)		211		13,116
Jack in the Box, Inc.^(c)		163		14,062
Johnson Outdoors, Inc., Class A		44		3,629
KB Home		590		22,780
Kohl’s Corp.		1,128		62,739
Kontoor Brands, Inc.		368		18,231
Krispy Kreme, Inc.^(c)		564		8,409
Lands’ End, Inc.^(b)		95		1,611
Latham Group, Inc.^(b)(c)		359		6,279
Laureate Education, Inc., Class A		816		8,845
La-Z-Boy, Inc.		328		9,571
LCI Industries		189		23,534
Leggett & Platt, Inc.^(c)		997		36,969
Leslie’s, Inc.^(b)(c)		920		19,605
Levi Strauss & Co., Class A		650		14,722
LGI Homes, Inc.^(b)(c)		166		20,938
Lindblad Expeditions Holdings, Inc.^(b)(c)		225		3,989
Liquidity Services, Inc.^(b)		213		3,670
Lithia Motors, Inc., Class A		229		78,048
LL Flooring Holdings, Inc.^(b)		217		3,485
Lordstown Motors Corp., Class A^(b)(c)		861		2,213
Lovesac Co. (The)^(b)(c)		100		4,249
Luminar Technologies, Inc.^(b)(c)		1,298		18,211
M.D.C. Holdings, Inc.		423		18,756
M/I Homes, Inc.^(b)		219		10,795
Macy’s, Inc.		2,242		58,113
Malibu Boats, Inc., Class A^(b)(c)		156		10,869
MarineMax, Inc.^(b)		163		7,459
Marriott Vacations Worldwide Corp.		308		49,486
Mattel, Inc.^(b)		2,655		66,322
Membership Collective Group, Inc., Class A (United Kingdom)^(b)(c)		234		1,916
Meritage Homes Corp.^(b)		282		27,800
Mister Car Wash, Inc.^(b)		444		7,113
Modine Manufacturing Co.^(b)		387		3,909
Monarch Casino & Resort, Inc.^(b)		104		8,102
Monro, Inc.		252		11,763
Movado Group, Inc.		117		4,612
Murphy USA, Inc.		183		33,075
National Vision Holdings, Inc.^(b)		612		22,442
Nordstrom, Inc.^(b)(c)		833		17,276
Norwegian Cruise Line Holdings Ltd.^(b)(c)		3,110		60,614
ODP Corp. (The)^(b)		400		17,600
Ollie’s Bargain Outlet Holdings, Inc.^(b)(c)		440		18,999

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Consumer Discretionary-(continued)
OneSpaWorld Holdings Ltd. (Bahamas)^(b)(c)		493	$	5,098
Overstock.com, Inc.^(b)		322		18,322
Oxford Industries, Inc.		127		11,226
Papa John’s International, Inc.		259		27,666
Party City Holdco, Inc.^(b)		797		3,451
Patrick Industries, Inc.		169		12,056
Penn National Gaming, Inc.^(b)		1,264		64,906
Penske Automotive Group, Inc.		241		23,688
Perdoceo Education Corp.^(b)		525		5,497
Petco Health & Wellness Co., Inc.^(b)(c)		679		11,896
PetMed Express, Inc.^(c)		152		4,096
Planet Fitness, Inc., Class A^(b)		624		52,809
Playa Hotels & Resorts N.V.^(b)		861		8,136
PLBY Group, Inc.^(b)(c)		133		2,117
Polaris, Inc.		431		52,371
Porch Group, Inc.^(b)(c)		615		4,982
Poshmark, Inc., Class A^(b)(c)		212		3,163
PowerSchool Holdings, Inc., Class A^(b)(c)		356		5,607
Purple Innovation, Inc.^(b)(c)		451		2,715
PVH Corp.		533		52,175
Quotient Technology, Inc.^(b)(c)		599		3,977
Qurate Retail, Inc., Class A		2,986		16,453
Ralph Lauren Corp.^(c)		365		48,195
RealReal, Inc. (The)^(b)(c)		582		5,186
Red Rock Resorts, Inc., Class A		474		23,833
Rent-A-Center, Inc.^(c)		452		12,841
Revolve Group, Inc.^(b)		285		13,518
RH^(b)(c)		124		49,832
Rover Group, Inc.^(b)(c)		588		3,357
Rush Street Interactive, Inc.^(b)		399		4,122
Ruth’s Hospitality Group, Inc.		248		6,153
Sally Beauty Holdings, Inc.^(b)(c)		845		14,602
Scientific Games Corp.^(b)		681		42,849
SeaWorld Entertainment, Inc.^(b)		385		26,715
Service Corp. International		1,233		75,028
Shake Shack, Inc., Class A^(b)(c)		279		20,847
Shoe Carnival, Inc.		134		3,907
Shutterstock, Inc.		174		15,752
Signet Jewelers Ltd.		394		27,777
Six Flags Entertainment Corp.^(b)		546		23,838
Skechers U.S.A., Inc., Class A^(b)		1,009		46,394
Skyline Champion Corp.^(b)		382		25,686
Sleep Number Corp.^(b)(c)		173		11,366
Smith & Wesson Brands, Inc.		360		6,347
Snap One Holdings Corp.^(b)		113		2,219
Sonic Automotive, Inc., Class A		167		8,970
Sonos, Inc.^(b)(c)		942		25,801
Sportsman’s Warehouse Holdings, Inc.^(b)		329		3,754
Standard Motor Products, Inc.		149		6,513
Steven Madden Ltd.		613		26,151
Stitch Fix, Inc., Class A^(b)		511		6,413
Stoneridge, Inc.^(b)(c)		204		3,368
Strategic Education, Inc.		179		10,565
Stride, Inc.^(b)		311		10,443
Sturm Ruger & Co., Inc.		132		9,558
Tapestry, Inc.		2,083		85,195
Taylor Morrison Home Corp., Class A^(b)(c)		938		27,671
Tempur Sealy International, Inc.		1,362		44,960
Tenneco, Inc., Class A^(b)		583		11,240
Terminix Global Holdings, Inc.^(b)		908		38,644


	Shares		Value
Consumer Discretionary-(continued)
Texas Roadhouse, Inc.		498	$	47,265
Thor Industries, Inc.^(c)		416		37,648
ThredUp, Inc., Class A^(b)		391		3,320
Toll Brothers, Inc.		854		46,338
TopBuild Corp.^(b)		247		53,026
Traeger, Inc.^(b)(c)		219		2,162
Travel + Leisure Co.		642		35,984
TravelCenters of America, Inc.^(b)		94		3,970
Tri Pointe Homes, Inc.^(b)		851		19,037
Tupperware Brands Corp.^(b)(c)		373		6,800
Under Armour, Inc., Class A^(b)(c)		1,412		25,261
Under Armour, Inc., Class C^(b)(c)		1,560		24,383
Universal Electronics, Inc.^(b)		100		3,323
Urban Outfitters, Inc.^(b)		516		14,195
Veoneer, Inc. (Sweden)^(b)		797		28,254
Victoria’s Secret & Co.^(b)(c)		662		35,503
Vinco Ventures, Inc.^(b)		725		1,856
Vista Outdoor, Inc.^(b)		429		15,637
Visteon Corp.^(b)		210		25,236
Vivint Smart Home, Inc.^(b)		469		3,372
Volta, Inc.^(b)(c)		852		3,834
Vroom, Inc.^(b)(c)		512		3,113
Vuzix Corp.^(b)(c)		451		2,553
Weber, Inc., Class A^(c)		134		1,530
Wendy’s Co. (The)		1,418		32,245
Williams-Sonoma, Inc.^(c)		553		80,108
Wingstop, Inc.		219		31,832
Winmark Corp.		23		5,203
Winnebago Industries, Inc.^(c)		239		15,313
Wolverine World Wide, Inc.		615		14,163
Workhorse Group, Inc.^(b)(c)		1,169		3,659
WW International, Inc.^(b)		392		3,994
Wyndham Hotels & Resorts, Inc.		698		60,314
XL Fleet Corp.^(b)		522		1,018
Xometry, Inc., Class A^(b)(c)		62		3,032
XPEL, Inc.^(b)(c)(e)		124		9,002
YETI Holdings, Inc.^(b)(c)		624		38,413
Zumiez, Inc.^(b)		164		7,296

				4,905,526

Consumer Staples-3.66%
Andersons, Inc. (The)		237		10,807
AppHarvest, Inc.^(b)(c)		412		1,574
B&G Foods, Inc.^(c)		486		14,386
Beauty Health Co. (The)^(b)(c)		729		14,128
BellRing Brands, Inc., Class A^(b)		295		7,543
Beyond Meat, Inc.^(b)(c)		426		19,928
BJ’s Wholesale Club Holdings, Inc.^(b)		1,089		68,465
Boston Beer Co., Inc. (The), Class A^(b)(c)		71		27,226
Calavo Growers, Inc.		126		5,379
Cal-Maine Foods, Inc.		281		12,440
Casey’s General Stores, Inc.		276		51,910
Celsius Holdings, Inc.^(b)(c)		252		16,100
Central Garden & Pet Co.^(b)(c)		72		3,408
Central Garden & Pet Co., Class A^(b)		303		13,344
Chefs’ Warehouse, Inc. (The)^(b)		252		8,278
Coca-Cola Consolidated, Inc.		37		18,386
Coty, Inc., Class A^(b)		2,453		22,494
Darling Ingredients, Inc.^(b)		1,212		87,846
Duckhorn Portfolio, Inc. (The)^(b)		211		4,140

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Consumer Staples-(continued)
Edgewell Personal Care Co.^(c)		386	$	13,773
elf Beauty, Inc.^(b)		349		9,224
Energizer Holdings, Inc.		460		15,359
Flowers Foods, Inc.		1,505		41,252
Fresh Del Monte Produce, Inc.		266		6,884
Freshpet, Inc.^(b)(c)		325		30,950
Grocery Outlet Holding Corp.^(b)(c)		642		17,854
Hain Celestial Group, Inc. (The)^(b)(c)		695		25,270
Herbalife Nutrition Ltd.^(b)(c)		735		26,151
Honest Co., Inc. (The)^(b)		203		1,173
Hostess Brands, Inc.^(b)		1,037		22,337
Ingles Markets, Inc., Class A		106		8,715
Ingredion, Inc.		491		43,571
Inter Parfums, Inc.		131		12,167
J&J Snack Foods Corp.		114		18,664
John B. Sanfilippo & Son, Inc.		66		5,248
Lamb Weston Holdings, Inc.		1,107		73,538
Lancaster Colony Corp.		144		24,222
Medifast, Inc.		84		15,624
MGP Ingredients, Inc.^(c)		95		7,563
Mission Produce, Inc.^(b)		105		1,363
National Beverage Corp.^(c)		179		7,878
Nu Skin Enterprises, Inc., Class A		374		17,350
Performance Food Group Co.^(b)		1,149		64,390
Pilgrim’s Pride Corp.^(b)		365		8,607
Post Holdings, Inc.^(b)		454		47,734
PriceSmart, Inc.		184		13,381
Reynolds Consumer Products, Inc.^(c)		471		14,022
Rite Aid Corp.^(b)(c)		408		3,737
Sanderson Farms, Inc.		150		26,789
Seaboard Corp.		2		7,719
Simply Good Foods Co. (The)^(b)		641		25,403
SpartanNash Co.		269		7,570
Spectrum Brands Holdings, Inc.		302		28,020
Sprouts Farmers Market, Inc.^(b)(c)		855		24,350
Tattooed Chef, Inc.^(b)(c)		306		3,715
Tootsie Roll Industries, Inc.^(c)		119		4,016
TreeHouse Foods, Inc.^(b)		417		16,367
Turning Point Brands, Inc.		106		3,553
United Natural Foods, Inc.^(b)		421		16,937
Universal Corp.		183		9,902
US Foods Holding Corp.^(b)		1,577		61,645
USANA Health Sciences, Inc.^(b)		90		7,921
Utz Brands, Inc.^(c)		458		6,985
Vector Group Ltd.		980		10,986
Veru, Inc.^(b)		479		2,678
Vital Farms, Inc.^(b)		120		1,710
WD-40 Co.^(c)		101		21,401
Weis Markets, Inc.		132		8,140

				1,301,590

Energy-4.96%
Alto Ingredients, Inc.^(b)(c)		518		3,020
Antero Midstream Corp.^(c)		2,319		23,283
Antero Resources Corp.^(b)		2,115		48,497
APA Corp.		2,722		96,985
Arch Resources, Inc.^(c)		114		13,608
Archrock, Inc.		980		8,183
Berry Corp.		421		4,210
Brigham Minerals, Inc., Class A		338		7,700


	Shares		Value
Energy-(continued)
Bristow Group, Inc.^(b)		54	$	1,790
Cactus, Inc., Class A		435		22,037
California Resources Corp.		306		12,616
Callon Petroleum Co.^(b)(c)		276		15,555
Centennial Resource Development, Inc., Class A^(b)(c)		1,359		11,932
Centrus Energy Corp.^(b)		79		3,576
ChampionX Corp.^(b)		1,510		32,329
Chesapeake Energy Corp.^(c)		571		44,110
Civitas Resources, Inc.^(c)		377		19,027
Clean Energy Fuels Corp.^(b)(c)		1,252		9,102
CNX Resources Corp.^(b)		1,631		26,650
Comstock Resources, Inc.^(b)(c)		609		5,055
CONSOL Energy, Inc.^(b)		246		7,562
Core Laboratories N.V.		347		9,563
Crescent Energy, Inc., Class A^(b)		166		2,515
CVR Energy, Inc.^(c)		225		3,913
Delek US Holdings, Inc.^(b)		498		8,580
Denbury, Inc.^(b)		374		27,175
DMC Global, Inc.^(b)(c)		139		4,087
Dorian LPG Ltd.		241		3,321
Dril-Quip, Inc.^(b)		265		7,643
DT Midstream, Inc.		724		38,444
EnLink Midstream LLC		2,011		17,898
EQT Corp.		2,394		55,397
Equitrans Midstream Corp.		3,075		19,711
Expro Group Holdings N.V.^(b)(c)		531		8,544
Gevo, Inc.^(b)(c)		1,476		5,240
Green Plains, Inc.^(b)(c)		402		13,161
Gulfport Energy Corp.^(b)		93		6,415
Helix Energy Solutions Group, Inc.^(b)		1,076		4,358
Helmerich & Payne, Inc.		807		29,238
Hess Midstream L.P., Class A^(c)		256		8,182
HollyFrontier Corp.		1,155		35,170
International Seaways, Inc.		285		5,213
Kosmos Energy Ltd. (Ghana)^(b)		3,385		16,451
Laredo Petroleum, Inc.^(b)(c)		101		7,732
Liberty Oilfield Services, Inc., Class A^(b)(c)		734		9,160
Magnolia Oil & Gas Corp., Class A^(c)		1,050		23,467
Marathon Oil Corp.		5,833		131,592
Matador Resources Co.		876		43,450
Murphy Oil Corp.		1,155		40,044
Nabors Industries Ltd.^(b)(c)		56		7,030
NexTier Oilfield Solutions, Inc.^(b)		1,360		10,826
Noble Corp.^(b)(c)		337		8,698
Northern Oil and Gas, Inc.^(c)		452		11,336
NOV, Inc.		2,924		50,147
Oasis Petroleum, Inc.		149		19,744
Oceaneering International, Inc.^(b)		747		10,936
Ovintiv, Inc.		1,946		89,224
Par Pacific Holdings, Inc.^(b)		337		4,583
Patterson-UTI Energy, Inc.		1,612		23,261
PBF Energy, Inc., Class A^(b)		724		12,033
PDC Energy, Inc.		738		47,616
Peabody Energy Corp.^(b)		716		12,415
Plains GP Holdings L.P., Class A		1,381		15,619
ProPetro Holding Corp.^(b)		579		7,394
Range Resources Corp.^(b)(c)		1,848		42,412
Renewable Energy Group, Inc.^(b)(c)		375		23,062
REX American Resources Corp.^(b)		40		3,778

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Energy-(continued)
RPC, Inc.^(b)(c)		485	$	4,253
Select Energy Services, Inc., Class A^(b)		481		3,983
SM Energy Co.		862		30,610
Southwestern Energy Co.^(b)(c)		4,182		20,868
Talos Energy, Inc.^(b)(c)		218		3,425
Targa Resources Corp.		1,630		106,553
TechnipFMC PLC (United Kingdom)^(b)		3,205		21,954
Tellurian, Inc.^(b)(c)		2,819		10,740
Texas Pacific Land Corp.		46		54,682
Transocean Ltd.^(b)		4,629		16,387
Uranium Energy Corp.^(b)(c)		1,745		6,962
US Silica Holdings, Inc.^(b)		560		8,098
Valaris Ltd.^(b)		197		8,026
Viper Energy Partners L.P		433		12,734
Weatherford International PLC^(b)		529		15,024
Whiting Petroleum Corp.		289		21,343
World Fuel Services Corp.		476		13,490

				1,761,737

Financials-16.27%
1st Source Corp.		132		6,374
Affiliated Managers Group, Inc.		308		42,615
Allegiance Bancshares, Inc.		143		6,128
Amalgamated Financial Corp.		104		1,786
A-Mark Precious Metals, Inc.		63		4,517
Ambac Financial Group, Inc.^(b)		346		4,439
Amerant Bancorp, Inc.		208		6,750
American Equity Investment Life Holding Co.		623		23,481
American National Group, Inc.		56		10,586
Ameris Bancorp		523		25,889
AMERISAFE, Inc.		144		6,782
Apollo Commercial Real Estate Finance, Inc.		1,047		13,663
Arbor Realty Trust, Inc.		1,071		19,278
Ares Commercial Real Estate Corp.		330		4,835
Ares Management Corp., Class A		942		76,387
Argo Group International Holdings Ltd.		260		10,964
ARMOUR Residential REIT, Inc.		622		5,057
Arrow Financial Corp.		120		4,122
Artisan Partners Asset Management, Inc., Class A		486		18,521
AssetMark Financial Holdings, Inc.^(b)		134		3,148
Associated Banc-Corp.		1,146		27,951
Assured Guaranty Ltd.		523		32,410
Atlantic Union Bankshares Corp.		575		23,362
Atlanticus Holdings Corp.^(b)		57		3,036
AXIS Capital Holdings Ltd.		570		31,133
Axos Financial, Inc.^(b)		400		21,896
B. Riley Financial, Inc.^(c)		113		6,729
Banc of California, Inc.		413		8,115
BancFirst Corp.		139		10,860
Bancorp, Inc. (The)^(b)		384		11,251
Bank First Corp.		52		3,662
Bank of Hawaii Corp.		303		26,113
Bank of Marin Bancorp		117		4,132
Bank OZK		915		43,023
BankUnited, Inc.		667		29,481
Banner Corp.		258		15,895
Bar Harbor Bankshares		112		3,220
Berkshire Hills Bancorp, Inc.		367		11,414
BGC Partners, Inc., Class A		2,288		10,479


	Shares		Value
Financials-(continued)
Blackstone Mortgage Trust, Inc., Class A^(c)		1,191	$	37,850
Blucora, Inc.^(b)		365		7,264
Blue Owl Capital, Inc.		1,203		15,038
BOK Financial Corp.^(c)		233		23,929
Brighthouse Financial, Inc.^(b)		598		31,251
Brightsphere Investment Group, Inc.		271		6,469
BrightSpire Capital, Inc.		632		5,600
Broadmark Realty Capital, Inc.		944		8,175
Brookline Bancorp, Inc.		585		10,027
BRP Group, Inc., Class A^(b)		412		11,441
Byline Bancorp, Inc.		183		4,990
Cadence Bank		1,441		45,564
Camden National Corp.		112		5,326
Cannae Holdings, Inc.^(b)		600		16,110
Capital City Bank Group, Inc.		100		2,807
Capitol Federal Financial, Inc.		988		10,789
Cathay General Bancorp		556		26,149
CBTX, Inc.^(c)		129		3,878
Central Pacific Financial Corp.		212		6,188
Chimera Investment Corp.		1,767		21,504
City Holding Co.		115		9,162
CNO Financial Group, Inc.		953		23,034
Cohen & Steers, Inc.		180		14,627
Columbia Banking System, Inc.^(c)		587		21,502
Columbia Financial, Inc.^(b)		360		7,646
Comerica, Inc.		983		93,867
Commerce Bancshares, Inc.		823		59,075
Community Bank System, Inc.		404		29,468
Community Trust Bancorp, Inc.		120		5,074
ConnectOne Bancorp, Inc.		268		8,844
Cowen, Inc., Class A		195		5,782
Credit Acceptance Corp.^(b)(c)		60		33,007
CrossFirst Bankshares, Inc.^(b)		343		5,395
Cullen/Frost Bankers, Inc.		453		63,751
Curo Group Holdings Corp.		139		1,858
Customers Bancorp, Inc.^(b)		230		14,157
CVB Financial Corp.^(c)		966		22,778
Diamond Hill Investment Group, Inc.		24		4,653
Dime Community Bancshares, Inc.		246		8,362
Donegal Group, Inc., Class A		105		1,434
Donnelley Financial Solutions, Inc.^(b)		226		7,255
Dynex Capital, Inc.		258		3,965
Eagle Bancorp, Inc.		239		14,321
East West Bancorp, Inc.		1,058		92,638
Eastern Bankshares, Inc.		1,259		27,522
eHealth, Inc.^(b)(c)		186		2,890
Ellington Financial, Inc.		404		7,139
Employers Holdings, Inc.		213		8,277
Encore Capital Group, Inc.^(b)(c)		187		12,340
Enova International, Inc.^(b)		276		11,253
Enstar Group Ltd.^(b)		82		23,372
Enterprise Financial Services Corp.		275		13,596
Essent Group Ltd.		841		37,155
Evercore, Inc., Class A		287		36,452
F.N.B. Corp.		2,643		35,496
FB Financial Corp.		249		11,066
Federal Agricultural Mortgage Corp., Class C		69		8,535
Federated Hermes, Inc., Class B		693		22,640
First American Financial Corp.		832		55,777
First Bancorp		1,561		22,041

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Financials-(continued)
First Bancorp/Southern Pines NC		265	$	11,893
First Bancshares, Inc. (The)		157		5,544
First Busey Corp.		401		11,007
First Commonwealth Financial Corp.		719		11,612
First Community Bankshares, Inc.		116		3,402
First Financial Bancorp		717		17,624
First Financial Bankshares, Inc.		1,014		48,591
First Financial Corp.		83		3,860
First Foundation, Inc.		359		9,575
First Hawaiian, Inc.		970		28,198
First Horizon Corp.		4,051		95,117
First Interstate BancSystem, Inc., Class A		660		26,796
First Merchants Corp.		406		17,758
First Mid Bancshares, Inc.		108		4,328
First of Long Island Corp. (The)		174		3,788
FirstCash Holdings, Inc.		302		21,756
Flagstar Bancorp, Inc.		396		18,050
Flushing Financial Corp.		197		4,628
Focus Financial Partners, Inc., Class A^(b)		403		20,166
Franklin BSP Realty Trust, Inc.		239		3,155
Freedom Holding Corp. (Kazakhstan)^(b)(c)		134		8,236
Fulton Financial Corp.		1,221		22,002
Genworth Financial, Inc., Class A^(b)		3,798		15,420
German American Bancorp, Inc.		188		7,479
Glacier Bancorp, Inc.		786		43,544
GoHealth, Inc., Class A^(b)(c)		429		957
Goosehead Insurance, Inc., Class A^(c)		145		12,612
Granite Point Mortgage Trust, Inc.		406		4,555
Great Southern Bancorp, Inc.		81		4,975
Green Dot Corp., Class A^(b)		369		10,572
Hamilton Lane, Inc., Class A		257		20,072
Hancock Whitney Corp.		649		36,136
Hannon Armstrong Sustainable Infrastructure Capital, Inc.		635		30,061
Hanover Insurance Group, Inc. (The)		267		37,249
HarborOne Bancorp, Inc.		368		5,443
HCI Group, Inc.		51		3,175
Heartland Financial USA, Inc.		300		14,886
Heritage Commerce Corp.		447		5,315
Heritage Financial Corp.		269		7,053
Hilltop Holdings, Inc.		490		15,151
Hingham Institution for Savings (The)		12		4,318
Hippo Holdings, Inc.		2,094		4,062
Home BancShares, Inc.		1,167		27,319
HomeStreet, Inc.		156		8,028
Hope Bancorp, Inc.		919		15,586
Horace Mann Educators Corp.		310		12,893
Horizon Bancorp, Inc.		295		5,924
Houlihan Lokey, Inc.		380		39,087
Independent Bank Corp.		356		30,620
Independent Bank Corporation		153		3,641
Independent Bank Group, Inc.		275		21,216
Interactive Brokers Group, Inc., Class A		662		43,811
International Bancshares Corp.		404		17,376
Invesco Mortgage Capital, Inc.^(f)		2,167		4,724
Investors Bancorp, Inc.		1,761		29,479
James River Group Holdings Ltd.^(c)		279		7,421
Janus Henderson Group PLC		1,158		38,874
Jefferies Financial Group, Inc.		1,572		55,869
Kearny Financial Corp.		519		6,856


	Shares		Value
Financials-(continued)
Kemper Corp.		477	$	25,491
Kinsale Capital Group, Inc.		162		33,981
KKR Real Estate Finance Trust, Inc.^(c)		229		4,917
Ladder Capital Corp.		850		9,741
Lakeland Bancorp, Inc.		514		9,273
Lakeland Financial Corp.		189		15,160
Lemonade, Inc.^(b)(c)		277		7,050
LendingClub Corp.^(b)		701		13,025
LendingTree, Inc.^(b)		90		10,891
Live Oak Bancshares, Inc.		241		15,412
LPL Financial Holdings, Inc.		600		108,570
Luther Burbank Corp.		116		1,501
MBIA, Inc.^(b)		367		5,597
Mercantile Bank Corp.		113		4,166
Merchants Bancorp		112		3,242
Mercury General Corp.		208		11,440
Meta Financial Group, Inc.		227		12,574
MetroMile, Inc.^(b)		568		727
Metropolitan Bank Holding Corp.^(b)		71		7,260
MFA Financial, Inc.		2,970		12,058
MGIC Investment Corp.		2,439		37,024
Midland States Bancorp, Inc.		159		4,668
MidWestOne Financial Group, Inc.		113		3,411
Moelis & Co., Class A		456		21,984
Morningstar, Inc.		178		49,956
Mr. Cooper Group, Inc.^(b)		450		22,874
National Bank Holdings Corp., Class A		230		10,207
National Western Life Group, Inc., Class A		19		4,054
Navient Corp.		1,257		22,136
NBT Bancorp, Inc.		325		12,470
Nelnet, Inc., Class A		124		9,988
New Residential Investment Corp.		3,488		36,205
New York Community Bancorp, Inc.		3,481		40,171
New York Mortgage Trust, Inc.		2,839		9,965
Nicolet Bankshares, Inc.^(b)		91		8,669
NMI Holdings, Inc., Class A^(b)		609		14,092
Northfield Bancorp, Inc.		342		5,369
Northwest Bancshares, Inc.		903		12,714
OceanFirst Financial Corp.		452		10,116
OFG Bancorp		387		10,906
Old National Bancorp		2,205		40,307
Old Republic International Corp.		2,208		58,181
OneMain Holdings, Inc.		593		30,231
Open Lending Corp., Class A^(b)		661		13,769
Oportun Financial Corp.^(b)		126		2,059
Origin Bancorp, Inc.		168		7,758
Oscar Health, Inc., Class A^(b)(c)		323		2,355
Pacific Premier Bancorp, Inc.		638		24,697
PacWest Bancorp		881		43,539
Palomar Holdings, Inc.^(b)		180		11,597
Park National Corp.		116		15,551
Peapack-Gladstone Financial Corp.		140		5,281
PennyMac Financial Services, Inc.		368		21,252
PennyMac Mortgage Investment Trust		732		11,419
Peoples Bancorp, Inc.		201		6,287
People’s United Financial, Inc.		3,189		67,224
Perella Weinberg Partners		267		2,934
Pinnacle Financial Partners, Inc.		570		57,616
Piper Sandler Cos		139		20,573
PJT Partners, Inc., Class A		178		11,360

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Financials-(continued)
Popular, Inc.		608	$	55,845
PRA Group, Inc.^(b)		343		15,308
Preferred Bank		112		8,790
Premier Financial Corp.		279		8,557
Primerica, Inc.		296		38,447
ProAssurance Corp.		405		9,761
PROG Holdings, Inc.^(c)		397		12,164
Prosperity Bancshares, Inc.		697		51,899
Provident Financial Services, Inc.		584		13,858
QCR Holdings, Inc.		118		6,591
Radian Group, Inc.		1,344		32,122
Ready Capital Corp.		426		6,326
Redwood Trust, Inc.		846		8,790
Reinsurance Group of America, Inc.		506		56,095
RenaissanceRe Holdings Ltd. (Bermuda)		345		52,019
Renasant Corp.		421		15,371
Republic Bancorp, Inc., Class A		75		3,441
RLI Corp.		304		30,856
Rocket Cos., Inc., Class A^(c)		1,032		13,323
Root, Inc., Class A^(b)		427		773
Ryan Specialty Group Holdings, Inc., Class A^(b)(c)		534		21,392
S&T Bancorp, Inc.		291		9,047
Safety Insurance Group, Inc.		112		9,345
Sandy Spring Bancorp, Inc.		354		16,670
Seacoast Banking Corp. of Florida		414		15,173
Selective Insurance Group, Inc.		450		37,436
Selectquote, Inc.^(b)(c)		429		1,334
ServisFirst Bancshares, Inc.		366		31,981
Silvergate Capital Corp., Class A^(b)		218		27,921
Simmons First National Corp., Class A^(c)		860		24,527
SiriusPoint Ltd. (Bermuda)^(b)		668		4,937
SLM Corp.		1,977		38,947
South State Corp.^(c)		525		47,250
Southside Bancshares, Inc.		232		9,672
Starwood Property Trust, Inc.		2,195		52,329
State Auto Financial Corp.		133		6,917
StepStone Group, Inc., Class A		359		12,396
Stewart Information Services Corp.		202		13,712
Stifel Financial Corp.		780		57,330
Stock Yards Bancorp, Inc.^(c)		189		10,106
StoneX Group, Inc.^(b)		127		9,582
Synovus Financial Corp.		1,090		57,389
Texas Capital Bancshares, Inc.^(b)		378		25,175
TFS Financial Corp.		420		7,211
Tompkins Financial Corp.		110		8,701
Towne Bank		544		16,962
TPG RE Finance Trust, Inc.		374		4,428
TriCo Bancshares		222		9,635
TriState Capital Holdings, Inc.^(b)		212		7,038
Triumph Bancorp, Inc.^(b)		178		17,857
Trupanion, Inc.^(b)(c)		246		22,049
TrustCo Bank Corp.		144		4,920
Trustmark Corp.		467		14,706
Two Harbors Investment Corp.		2,576		13,035
UMB Financial Corp.		343		34,938
Umpqua Holdings Corp.		1,648		35,185
United Bankshares, Inc.^(c)		1,022		37,426
United Community Banks, Inc.		785		30,348
United Fire Group, Inc.		160		4,418


	Shares		Value
Financials-(continued)
Universal Insurance Holdings, Inc.		211	$	2,439
Univest Financial Corp.		219		6,347
Unum Group		1,530		42,718
UWM Holdings Corp.^(c)		718		3,116
Valley National Bancorp		3,043		42,511
Veritex Holdings, Inc.		367		14,911
Victory Capital Holdings, Inc., Class A		153		5,075
Virtu Financial, Inc., Class A		659		23,118
Virtus Investment Partners, Inc.		61		14,678
Voya Financial, Inc.		832		56,035
Walker & Dunlop, Inc.		226		31,267
Washington Federal, Inc.		509		18,110
Washington Trust Bancorp, Inc.		130		7,055
Waterstone Financial, Inc.		160		3,126
WesBanco, Inc.		486		17,758
Westamerica Bancorporation		201		11,923
Western Alliance Bancorporation		778		72,930
White Mountains Insurance Group Ltd.		23		24,155
Wintrust Financial Corp.		427		42,427
WisdomTree Investments, Inc.		814		4,583
World Acceptance Corp.^(b)(c)		32		6,287
WSFS Financial Corp.		487		24,754
Zions Bancorporation N.A		1,172		83,083

				5,777,096

Health Care-12.43%
1Life Healthcare, Inc.^(b)		1,144		12,367
23andMe Holding Co., Class A^(b)(c)		695		3,107
2seventy bio, Inc.^(b)(c)		169		2,508
4D Molecular Therapeutics, Inc.^(b)		180		2,466
Acadia Healthcare Co., Inc.^(b)		640		36,294
Acadia Pharmaceuticals, Inc.^(b)		902		22,920
Accelerate Diagnostics, Inc.^(b)(c)		257		730
Accolade, Inc.^(b)(c)		272		4,891
Aclaris Therapeutics, Inc.^(b)		343		5,111
AdaptHealth Corp.^(b)(c)		588		10,249
Adaptive Biotechnologies Corp.^(b)		681		9,827
Addus HomeCare Corp.^(b)		119		10,120
Aerie Pharmaceuticals, Inc.^(b)		335		2,781
Agenus, Inc.^(b)		1,395		3,767
Agiliti, Inc.^(b)		244		4,394
Agios Pharmaceuticals, Inc.^(b)(c)		397		12,359
Akebia Therapeutics, Inc.^(b)		1,241		2,681
Akero Therapeutics, Inc.^(b)(c)		117		2,074
Alaunos Therapeutics, Inc.^(b)(c)		1,614		1,591
Albireo Pharma, Inc.^(b)(c)		123		4,101
Alder Biopharmaceuticals, Inc., CVR^(g)		48		42
Alector, Inc.^(b)(c)		394		6,241
Alignment Healthcare, Inc.^(b)(c)		281		2,372
Aligos Therapeutics, Inc.^(b)(c)		191		462
Alkermes PLC^(b)		1,207		30,006
Allakos, Inc.^(b)		243		1,358
Allogene Therapeutics, Inc.^(b)(c)		585		5,353
Allovir, Inc.^(b)		268		2,412
Allscripts Healthcare Solutions, Inc.^(b)		936		18,215
Alphatec Holdings, Inc.^(b)(c)		491		5,411
ALX Oncology Holdings, Inc.^(b)(c)		56		1,015
Amedisys, Inc.^(b)		245		39,259
American Well Corp., Class A^(b)(c)		394		1,667
Amicus Therapeutics, Inc.^(b)		1,596		12,991

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Health Care-(continued)
AMN Healthcare Services, Inc.^(b)		354	$	37,574
Amneal Pharmaceuticals, Inc.^(b)		725		3,284
Amphastar Pharmaceuticals, Inc.^(b)		288		7,980
AnaptysBio, Inc.^(b)(c)		134		4,096
Anavex Life Sciences Corp.^(b)(c)		538		5,896
AngioDynamics, Inc.^(b)		289		6,800
ANI Pharmaceuticals, Inc.^(b)		86		3,221
Anika Therapeutics, Inc.^(b)		107		3,478
Annexon, Inc.^(b)(c)		173		840
Antares Pharma, Inc.^(b)		1,209		4,232
Apellis Pharmaceuticals, Inc.^(b)		573		24,370
Apollo Medical Holdings, Inc.^(b)(c)		227		10,923
Applied Molecular Transport, Inc.^(b)		87		572
Applied Therapeutics, Inc.^(b)		128		241
Apria, Inc.^(b)		133		4,966
Arcturus Therapeutics Holdings, Inc.^(b)(c)		158		3,787
Arcus Biosciences, Inc.^(b)(c)		290		10,788
Arcutis Biotherapeutics, Inc.^(b)(c)		188		3,346
Arena Pharmaceuticals, Inc.^(b)		435		41,312
Arrowhead Pharmaceuticals, Inc.^(b)		724		31,856
Artivion, Inc.^(b)		290		5,670
Arvinas, Inc.^(b)(c)		297		19,249
Aspira Women’s Health, Inc.^(b)		377		411
Atara Biotherapeutics, Inc.^(b)		539		6,926
Atea Pharmaceuticals, Inc.^(b)		124		786
AtriCure, Inc.^(b)		327		22,710
Atrion Corp.		10		7,155
Aurinia Pharmaceuticals, Inc. (Canada)^(b)		817		10,049
Avanos Medical, Inc.^(b)		361		12,776
Aveanna Healthcare Holdings, Inc.^(b)		344		1,806
Avid Bioservices, Inc.^(b)		459		9,400
Avidity Biosciences, Inc.^(b)		252		4,274
AxoGen, Inc.^(b)		290		2,709
Axonics, Inc.^(b)(c)		258		14,644
Axsome Therapeutics, Inc.^(b)(c)		183		5,144
Beam Therapeutics, Inc.^(b)(c)		249		19,509
BioAtla, Inc.^(b)		145		940
BioCryst Pharmaceuticals, Inc.^(b)(c)		1,339		22,241
BioDelivery Sciences International, Inc.^(b)		627		3,499
Biohaven Pharmaceutical Holding Co. Ltd.^(b)(c)		441		52,351
BioLife Solutions, Inc.^(b)(c)		182		4,277
Bionano Genomics, Inc.^(b)(c)		2,085		4,462
Bioxcel Therapeutics, Inc.^(b)(c)		146		2,673
Bluebird Bio, Inc.^(b)		506		3,056
Blueprint Medicines Corp.^(b)		403		24,402
Bolt Biotherapeutics, Inc.^(b)(c)		101		352
Bridgebio Pharma, Inc.^(b)(c)		504		3,931
Brookdale Senior Living, Inc.^(b)		1,383		9,515
Bruker Corp.		788		55,452
Butterfly Network, Inc.^(b)(c)		815		4,197
C4 Therapeutics, Inc.^(b)		91		2,041
Cano Health, Inc.^(b)		1,309		6,375
Cara Therapeutics, Inc.^(b)		299		3,101
Cardiovascular Systems, Inc.^(b)		300		6,318
CareDx, Inc.^(b)		394		15,122
Caribou Biosciences, Inc.^(b)		179		1,786
Cassava Sciences, Inc.^(b)(c)		285		12,115
Castle Biosciences, Inc.^(b)(c)		150		6,493
Catalyst Pharmaceuticals, Inc.^(b)		732		5,710
Celldex Therapeutics, Inc.^(b)(c)		279		8,342


	Shares		Value
Health Care-(continued)
CEL-SCI Corp.^(b)(c)		323	$	1,867
Cerevel Therapeutics Holdings, Inc.^(b)(c)		326		8,629
Certara, Inc.^(b)(c)		647		16,395
Cerus Corp.^(b)		1,284		7,537
Change Healthcare, Inc.^(b)		1,745		37,378
Chemed Corp.		115		55,003
ChemoCentryx, Inc.^(b)		367		11,135
Chimerix, Inc.^(b)(c)		549		3,096
Clover Health Investments Corp.^(b)(c)		2,226		6,055
Clovis Oncology, Inc.^(b)(c)		841		1,732
Codexis, Inc.^(b)		436		8,689
Coherus Biosciences, Inc.^(b)(c)		457		5,388
Collegium Pharmaceutical, Inc.^(b)		240		4,673
Community Health Systems, Inc.^(b)		836		8,786
Computer Programs & Systems, Inc.^(b)		103		3,170
CONMED Corp.		217		31,717
Corcept Therapeutics, Inc.^(b)		825		18,389
Cortexyme, Inc.^(b)(c)		122		531
CorVel Corp.^(b)		73		11,611
Covetrus, Inc.^(b)		772		13,680
Crinetics Pharmaceuticals, Inc.^(b)		242		4,845
CRISPR Therapeutics AG (Switzerland)^(b)(c)		459		28,169
Cross Country Healthcare, Inc.^(b)		270		6,029
CryoPort, Inc.^(b)(c)		276		9,475
Cue Biopharma, Inc.^(b)		213		1,235
Cullinan Oncology, Inc.^(b)(c)		114		1,635
Curis, Inc.^(b)		515		1,725
Cutera, Inc.^(b)(c)		114		4,373
Cytokinetics, Inc.^(b)(c)		563		19,885
Deciphera Pharmaceuticals, Inc.^(b)(c)		304		2,344
Denali Therapeutics, Inc.^(b)		592		19,276
DermTech, Inc.^(b)(c)		134		1,714
Dynavax Technologies Corp.^(b)(c)		859		10,531
Dyne Therapeutics, Inc.^(b)		174		1,491
Eagle Pharmaceuticals, Inc.^(b)(c)		84		3,981
Editas Medicine, Inc.^(b)(c)		511		8,748
Emergent BioSolutions, Inc.^(b)		362		14,980
Enanta Pharmaceuticals, Inc.^(b)		140		9,859
Encompass Health Corp.		745		49,185
Endo International PLC^(b)		1,747		5,433
Ensign Group, Inc. (The)		392		32,944
Envista Holdings Corp.^(b)		1,209		58,032
Epizyme, Inc.^(b)		535		797
Erasca, Inc.^(b)(c)		181		2,244
Essa Pharma, Inc. (Canada)^(b)		180		1,471
Establishment Labs Holdings, Inc. (Costa Rica)^(b)(c)		141		8,521
Evolent Health, Inc., Class A^(b)		653		17,402
Exelixis, Inc.^(b)		2,362		48,492
Fate Therapeutics, Inc.^(b)(c)		569		19,659
FibroGen, Inc.^(b)(c)		624		8,780
Figs, Inc., Class A^(b)		568		9,332
Fluidigm Corp.^(b)(c)		541		1,991
Forma Therapeutics Holdings, Inc.^(b)(c)		125		1,233
Fulcrum Therapeutics, Inc.^(b)		191		2,101
Fulgent Genetics, Inc.^(b)(c)		143		8,909
G1 Therapeutics, Inc.^(b)(c)		221		2,345
Generation Bio Co.^(b)(c)		276		1,413
Geron Corp.^(b)		1,800		1,962
Glaukos Corp.^(b)		348		19,248

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Health Care-(continued)
Global Blood Therapeutics, Inc.^(b)(c)		420	$	12,684
Globus Medical, Inc., Class A^(b)		586		41,208
Gossamer Bio., Inc.^(b)		374		3,377
Guardant Health, Inc.^(b)(c)		647		42,877
Haemonetics Corp.^(b)		382		22,045
Halozyme Therapeutics, Inc.^(b)		1,012		35,896
Hanger, Inc.^(b)		290		5,255
Harmony Biosciences Holdings, Inc.^(b)(c)		129		5,155
Health Catalyst, Inc.^(b)(c)		324		8,787
HealthEquity, Inc.^(b)		624		33,515
HealthStream, Inc.^(b)		189		3,873
Heron Therapeutics, Inc.^(b)(c)		724		5,140
Heska Corp.^(b)(c)		76		10,792
Hims & Hers Health, Inc.^(b)(c)		583		3,043
Homology Medicines, Inc.^(b)(c)		278		970
Humacyte, Inc.^(b)		385		2,322
Humanigen, Inc.^(b)		356		723
Icosavax, Inc.^(b)		89		1,550
ICU Medical, Inc.^(b)		155		36,693
Ideaya Biosciences, Inc.^(b)		202		2,666
IGM Biosciences, Inc.^(b)		62		1,034
Imago Biosciences, Inc.^(b)(c)		88		2,072
ImmunityBio, Inc.^(b)(c)		586		4,008
ImmunoGen, Inc.^(b)		1,515		8,545
Immunovant, Inc.^(b)(c)		301		1,680
Inari Medical, Inc.^(b)(c)		149		13,109
Inhibrx, Inc.^(b)(c)		71		1,527
Innoviva, Inc.^(b)		468		8,990
Inogen, Inc.^(b)		143		4,989
Inovio Pharmaceuticals, Inc.^(b)(c)		1,575		5,103
Insmed, Inc.^(b)(c)		859		20,530
Inspire Medical Systems, Inc.^(b)		205		50,032
Integer Holdings Corp.^(b)		248		20,800
Integra LifeSciences Holdings Corp.^(b)		538		36,078
Intellia Therapeutics, Inc.^(b)		502		49,623
Intercept Pharmaceuticals, Inc.^(b)(c)		212		3,023
Intersect ENT, Inc.^(b)		237		6,446
Intra-Cellular Therapies, Inc.^(b)		610		33,843
Invitae Corp.^(b)(c)		1,460		15,753
Ionis Pharmaceuticals, Inc.^(b)(c)		952		31,778
Iovance Biotherapeutics, Inc.^(b)(c)		928		14,542
iRhythm Technologies, Inc.^(b)		219		28,310
Ironwood Pharmaceuticals, Inc.^(b)		1,158		12,460
iTeos Therapeutics, Inc.^(b)		105		3,794
IVERIC bio, Inc.^(b)		545		8,742
Joint Corp. (The)^(b)(c)		107		4,387
Karuna Therapeutics, Inc.^(b)(c)		155		16,275
Karyopharm Therapeutics, Inc.^(b)(c)		509		5,258
Keros Therapeutics, Inc.^(b)(c)		100		5,370
Kiniksa Pharmaceuticals Ltd., Class A^(b)(c)		183		1,874
Kinnate Biopharma, Inc.^(b)(c)		82		638
Kodiak Sciences, Inc.^(b)		231		1,996
Kronos Bio, Inc.^(b)		127		956
Krystal Biotech, Inc.^(b)		131		8,325
Kura Oncology, Inc.^(b)(c)		421		6,681
Kymera Therapeutics, Inc.^(b)(c)		211		8,389
Lantheus Holdings, Inc.^(b)		506		24,197
LeMaitre Vascular, Inc.^(c)		145		6,883
Lexicon Pharmaceuticals, Inc.^(b)(c)		433		896
LHC Group, Inc.^(b)		225		30,638


	Shares		Value
Health Care-(continued)
Ligand Pharmaceuticals, Inc.^(b)(c)		125	$	12,652
LivaNova PLC^(b)		399		31,449
MacroGenics, Inc.^(b)(c)		367		3,431
Madrigal Pharmaceuticals, Inc.^(b)(c)		74		6,871
MannKind Corp.^(b)(c)		1,771		4,640
Maravai LifeSciences Holdings, Inc., Class A^(b)		837		32,702
MaxCyte, Inc.^(b)		485		3,376
MEDNAX, Inc.^(b)		581		13,636
Medpace Holdings, Inc.^(b)		218		33,347
MeiraGTx Holdings PLC^(b)(c)		166		2,379
Meridian Bioscience, Inc.^(b)		308		7,792
Merit Medical Systems, Inc.^(b)		378		24,581
Mersana Therapeutics, Inc.^(b)		430		1,888
Merus N.V. (Netherlands)^(b)		208		5,843
Mesa Laboratories, Inc.		39		9,958
MiMedx Group, Inc.^(b)		545		2,752
Mirati Therapeutics, Inc.^(b)(c)		290		25,604
ModivCare, Inc.^(b)		95		11,210
Monte Rosa Therapeutics, Inc.^(b)(c)		87		1,248
Morphic Holding, Inc.^(b)(c)		140		5,580
Multiplan Corp.^(b)(c)		999		3,756
Myovant Sciences Ltd.^(b)(c)		276		3,704
Myriad Genetics, Inc.^(b)		584		14,238
NanoString Technologies, Inc.^(b)		340		12,056
Natera, Inc.^(b)		638		41,948
National HealthCare Corp.		94		6,112
National Research Corp.		104		4,137
Natus Medical, Inc.^(b)		252		7,011
Nektar Therapeutics^(b)(c)		1,306		13,373
Neogen Corp.^(b)		804		28,703
NeoGenomics, Inc.^(b)		874		18,712
Nevro Corp.^(b)(c)		249		17,853
NextGen Healthcare, Inc.^(b)		428		8,359
NGM Biopharmaceuticals, Inc.^(b)(c)		231		3,433
Nkarta, Inc.^(b)		87		788
Nurix Therapeutics, Inc.^(b)(c)		149		2,409
NuVasive, Inc.^(b)		387		20,944
Nuvation Bio, Inc.^(b)(c)		811		4,104
Oak Street Health, Inc.^(b)		812		14,218
Ocugen, Inc.^(b)(c)		1,488		5,238
Ocular Therapeutix, Inc.^(b)(c)		544		3,036
Olema Pharmaceuticals, Inc.^(b)		76		356
Omeros Corp.^(b)(c)		445		3,204
Omnicell, Inc.^(b)		326		42,145
OPKO Health, Inc.^(b)(c)		3,314		10,373
OptimizeRx Corp.^(b)(c)		119		5,390
Option Care Health, Inc.^(b)		942		24,209
Oramed Pharmaceuticals, Inc. (Israel)^(b)(c)		218		2,245
OraSure Technologies, Inc.^(b)(c)		539		4,204
Organogenesis Holdings, Inc.^(b)(c)		241		1,793
Organon & Co.		1,926		71,898
ORIC Pharmaceuticals, Inc.^(b)		191		1,482
Ortho Clinical Diagnostics Holdings PLC^(b)		876		15,496
Orthofix Medical, Inc.^(b)		147		4,995
OrthoPediatrics Corp.^(b)		102		5,717
Outset Medical, Inc.^(b)(c)		291		12,795
Owens & Minor, Inc.		536		23,664
Pacific Biosciences of California, Inc.^(b)(c)		1,570		18,714
Pacira BioSciences, Inc.^(b)		329		21,941
Passage Bio, Inc.^(b)		203		674

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Health Care-(continued)
Patterson Cos., Inc.		655	$	19,584
Pennant Group, Inc. (The)^(b)		202		3,283
Penumbra, Inc.^(b)(c)		262		58,096
Perrigo Co. PLC		1,000		35,520
Personalis, Inc.^(b)		250		2,625
PetIQ, Inc.^(b)(c)		183		3,631
Phathom Pharmaceuticals, Inc.^(b)		105		1,904
Phibro Animal Health Corp., Class A		152		3,238
Phreesia, Inc.^(b)		340		10,469
Pliant Therapeutics, Inc.^(b)		95		852
PMV Pharmaceuticals, Inc.^(b)(c)		85		1,346
Point Biopharma Global, Inc.^(b)(c)		270		1,817
Praxis Precision Medicines, Inc.^(b)(c)		168		2,201
Precigen, Inc.^(b)(c)		696		1,566
Precision BioSciences, Inc.^(b)		357		1,517
Prelude Therapeutics, Inc.^(b)		94		830
Premier, Inc., Class A		915		32,885
Prestige Consumer Healthcare, Inc.^(b)		374		22,264
Privia Health Group, Inc.^(b)(c)		519		13,359
Progyny, Inc.^(b)(c)		402		15,823
Prometheus Biosciences, Inc.^(b)(c)		88		3,832
Protagonist Therapeutics, Inc.^(b)(c)		321		7,794
Prothena Corp. PLC (Ireland)^(b)(c)		236		8,166
Provention Bio, Inc.^(b)(c)		356		2,232
PTC Therapeutics, Inc.^(b)(c)		476		16,717
Pulmonx Corp.^(b)		151		3,965
Quanterix Corp.^(b)		218		7,355
Quantum-Si, Inc.^(b)(c)		609		2,533
Quidel Corp.^(b)		281		29,727
R1 RCM, Inc.^(b)(c)		939		25,531
Radius Health, Inc.^(b)		300		2,496
RadNet, Inc.^(b)		337		8,314
RAPT Therapeutics, Inc.^(b)(c)		143		2,860
Reata Pharmaceuticals, Inc., Class A^(b)(c)		200		6,548
Recursion Pharmaceuticals, Inc., Class A^(b)(c)		297		3,252
REGENXBIO, Inc.^(b)(c)		239		6,264
Relay Therapeutics, Inc.^(b)		317		7,643
Relmada Therapeutics, Inc.^(b)		178		3,651
Repare Therapeutics, Inc. (Canada)^(b)		123		1,977
Repligen Corp.^(b)		394		77,500
Replimune Group, Inc.^(b)		158		2,534
Revance Therapeutics, Inc.^(b)		511		6,934
REVOLUTION Medicines, Inc.^(b)(c)		358		6,773
Rhythm Pharmaceuticals, Inc.^(b)		263		2,004
Rigel Pharmaceuticals, Inc.^(b)		1,278		3,208
Rocket Pharmaceuticals, Inc.^(b)(c)		286		5,094
Rubius Therapeutics, Inc.^(b)(c)		302		1,507
Sage Therapeutics, Inc.^(b)		396		14,403
Sana Biotechnology, Inc.^(b)		282		1,822
Sangamo Therapeutics, Inc.^(b)		924		5,405
Sarepta Therapeutics, Inc.^(b)(c)		620		47,498
Scholar Rock Holding Corp.^(b)		168		2,923
Schrodinger, Inc.^(b)(c)		373		12,965
Seer, Inc.^(b)		234		3,585
Select Medical Holdings Corp.		805		18,636
Sema4 Holdings Corp.^(b)		808		2,820
Senseonics Holdings, Inc.^(b)(c)		2,832		5,098
Seres Therapeutics, Inc.^(b)		515		4,120
Shattuck Labs, Inc.^(b)		110		550
Shockwave Medical, Inc.^(b)		237		42,004


	Shares		Value
Health Care-(continued)
SI-BONE, Inc.^(b)		199	$	4,390
SIGA Technologies, Inc.^(b)		336		2,016
Sight Sciences, Inc.^(b)		89		1,549
Signify Health, Inc., Class A^(b)(c)		188		2,641
Silk Road Medical, Inc.^(b)(c)		247		9,171
Simulations Plus, Inc.		121		4,766
SmileDirectClub, Inc.^(b)(c)		797		1,745
Sorrento Therapeutics, Inc.^(b)(c)		2,120		5,364
Sotera Health Co.^(b)		636		13,909
SpringWorks Therapeutics, Inc.^(b)(c)		147		8,319
STAAR Surgical Co.^(b)		284		22,527
Stoke Therapeutics, Inc.^(b)(c)		100		1,950
Supernus Pharmaceuticals, Inc.^(b)		398		12,716
Surgery Partners, Inc.^(b)		248		12,963
SurModics, Inc.^(b)		103		4,623
Sutro Biopharma, Inc.^(b)		242		2,159
Syndax Pharmaceuticals, Inc.^(b)(c)		295		4,599
Syneos Health, Inc.^(b)		777		61,538
Tabula Rasa HealthCare, Inc.^(b)(c)		174		992
Tactile Systems Technology, Inc.^(b)		148		3,013
Tandem Diabetes Care, Inc.^(b)		470		52,936
Tango Therapeutics, Inc.^(b)		291		2,666
Taysha Gene Therapies, Inc.^(b)(c)		130		828
Tenet Healthcare Corp.^(b)		685		58,903
TG Therapeutics, Inc.^(b)		909		8,972
Theravance Biopharma, Inc.^(b)(c)		412		4,149
Tilray Brands, Inc., Class 2 (Canada)^(b)(c)		3,468		21,155
Tivity Health, Inc.^(b)		296		8,075
TransMedics Group, Inc.^(b)(c)		186		3,445
Travere Therapeutics, Inc.^(b)(c)		413		11,258
Treace Medical Concepts, Inc.^(b)		119		2,563
Turning Point Therapeutics, Inc.^(b)(c)		314		9,941
Twist Bioscience Corp.^(b)(c)		328		18,348
Ultragenyx Pharmaceutical, Inc.^(b)		483		32,516
uniQure N.V. (Netherlands)^(b)(c)		258		4,383
United Therapeutics Corp.^(b)		337		56,009
US Physical Therapy, Inc.		101		9,289
Vanda Pharmaceuticals, Inc.^(b)		416		4,726
Vapotherm, Inc.^(b)(c)		117		1,777
Varex Imaging Corp.^(b)(c)		291		6,879
Vaxart, Inc.^(b)(c)		915		4,648
Vaxcyte, Inc.^(b)(c)		156		3,615
VBI Vaccines, Inc.^(b)		1,342		2,000
Veracyte, Inc.^(b)(c)		530		14,734
Vericel Corp.^(b)(c)		296		12,198
Verve Therapeutics, Inc.^(b)		126		4,114
ViewRay, Inc.^(b)		922		3,836
Viking Therapeutics, Inc.^(b)		523		1,752
Vir Biotechnology, Inc.^(b)		485		12,217
Vocera Communications, Inc.^(b)(c)		259		20,526
XBiotech, Inc.		147		1,449
Xencor, Inc.^(b)		393		12,305
Xenon Pharmaceuticals, Inc. (Canada)^(b)		296		9,383
Y-mAbs Therapeutics, Inc.^(b)(c)		196		1,786
Zentalis Pharmaceuticals, Inc.^(b)(c)		169		8,431
Zogenix, Inc.^(b)		376		9,874
Zomedica Corp.^(b)		6,966		2,508

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Health Care-(continued)
Zymeworks, Inc. (Canada)^(b)		278	$	2,013
Zynex, Inc.^(c)		172		1,082

				4,413,723

Industrials-16.37%
AAON, Inc.		314		18,388
AAR Corp.^(b)		256		11,505
ABM Industries, Inc.		502		22,505
ACCO Brands Corp.		716		6,158
Acuity Brands, Inc.		262		47,781
ACV Auctions, Inc., Class A^(b)		664		8,758
ADT, Inc.^(c)		1,149		8,399
Advanced Drainage Systems, Inc.		396		46,221
AECOM		1,020		74,113
Aerojet Rocketdyne Holdings, Inc.		511		19,801
AeroVironment, Inc.^(b)		172		12,221
AGCO Corp.		480		57,677
Air Lease Corp.		811		33,867
Air Transport Services Group, Inc.^(b)		135		4,254
Alamo Group, Inc.		76		10,572
Alaska Air Group, Inc.^(b)		234		13,137
Albany International Corp., Class A		243		21,340
Allegiant Travel Co.^(b)		35		6,093
Allison Transmission Holdings, Inc.		792		31,632
Altra Industrial Motion Corp.		486		20,640
Ameresco, Inc., Class A^(b)(c)		200		12,850
American Airlines Group, Inc.^(b)(c)		1,212		20,907
American Woodmark Corp.^(b)		125		6,698
API Group Corp.^(b)		1,178		25,409
Apogee Enterprises, Inc.		191		8,608
Applied Industrial Technologies, Inc.		289		29,218
ArcBest Corp.		191		17,702
Arcosa, Inc.		363		19,119
Argan, Inc.		118		4,589
Armstrong World Industries, Inc.		357		31,559
Array Technologies, Inc.^(b)		855		9,610
ASGN, Inc.^(b)		396		43,873
Astec Industries, Inc.		162		8,068
Astra Space, Inc.^(b)(c)		829		2,885
Atkore, Inc.^(b)		345		35,090
Atlas Air Worldwide Holdings, Inc.^(b)(c)		55		4,310
Avis Budget Group, Inc.^(b)		296		54,298
Axon Enterprise, Inc.^(b)		513		71,948
AZEK Co., Inc. (The)^(b)		695		20,496
AZZ, Inc.		187		9,206
Barnes Group, Inc.		360		16,722
Barrett Business Services, Inc.		57		3,429
Beacon Roofing Supply, Inc.^(b)		419		25,010
Berkshire Grey, Inc.^(b)		329		1,099
Blink Charging Co.^(b)(c)		285		7,005
Bloom Energy Corp., Class A^(b)(c)		1,091		24,220
Blue Bird Corp.^(b)		122		2,600
Boise Cascade Co.		290		23,183
Brady Corp., Class A		364		16,773
BrightView Holdings, Inc.^(b)		315		4,256
Brink’s Co. (The)		369		25,852
Builders FirstSource, Inc.^(b)		1,435		106,793
BWX Technologies, Inc.		691		36,913
CACI International, Inc., Class A^(b)		173		48,404
Carlisle Cos., Inc.		389		92,349


	Shares		Value
Industrials-(continued)
Casella Waste Systems, Inc., Class A^(b)		377	$	28,426
CBIZ, Inc.^(b)		355		13,813
ChargePoint Holdings, Inc.^(b)(c)		1,338		19,428
Chart Industries, Inc.^(b)(c)		272		39,277
Cimpress PLC (Ireland)^(b)		122		7,685
CIRCOR International, Inc.^(b)		151		4,068
Clean Harbors, Inc.^(b)		387		36,931
Colfax Corp.^(b)		1,044		41,979
Columbus McKinnon Corp.		213		9,721
Comfort Systems USA, Inc.		272		23,387
Construction Partners, Inc.^(b)		232		6,208
Core & Main, Inc., Class A^(b)		541		12,162
CoreCivic, Inc.^(b)		900		8,199
Cornerstone Building Brands, Inc.^(b)		377		8,324
CRA International, Inc.		56		4,974
Crane Co.		351		35,479
CSW Industrials, Inc.		112		13,477
Curtiss-Wright Corp.		294		43,371
Deluxe Corp.		319		9,924
Desktop Metal, Inc., Class A^(b)(c)		1,505		6,261
Donaldson Co., Inc.		915		49,657
Douglas Dynamics, Inc.		173		6,356
Driven Brands Holdings, Inc.^(b)(c)		375		11,014
Ducommun, Inc., (Acquired 05/28/2019 -02/10/2022; Cost $4,239)^(b)(d)		80		4,041
Dun & Bradstreet Holdings, Inc.^(b)(c)		1,129		20,954
DXP Enterprises, Inc.^(b)		133		3,818
Dycom Industries, Inc.^(b)		230		20,024
EMCOR Group, Inc.		403		46,563
Encore Wire Corp.		154		17,929
Energy Recovery, Inc.^(b)		278		5,282
Enerpac Tool Group Corp.		447		7,711
EnerSys		319		23,201
Ennis, Inc.		196		3,681
Enovix Corp.^(b)		490		8,163
EnPro Industries, Inc.		146		16,124
ESCO Technologies, Inc.		195		13,566
Evoqua Water Technologies Corp.^(b)		900		38,394
Exponent, Inc.		398		37,714
Federal Signal Corp.		457		16,502
First Advantage Corp.^(b)(c)		401		6,476
Flowserve Corp.		975		29,611
Fluor Corp.^(b)(c)		1,059		22,938
Forrester Research, Inc.^(b)		86		4,466
Forward Air Corp.		203		20,946
Franklin Electric Co., Inc.		295		24,945
FREYR Battery S.A. (Norway)^(b)(c)		697		6,635
Frontier Group Holdings, Inc.^(b)(c)		323		4,160
FTI Consulting, Inc.^(b)(c)		257		37,522
FuelCell Energy, Inc.^(b)(c)		2,747		16,482
Gates Industrial Corp. PLC^(b)		437		6,922
GATX Corp.		256		27,297
Genco Shipping & Trading Ltd.		204		3,933
GEO Group, Inc. (The)^(c)		913		5,441
Gibraltar Industries, Inc.^(b)		245		11,838
Global Industrial Co.		95		3,019
GMS, Inc.^(b)		291		15,787
Gorman-Rupp Co. (The)		156		5,813
Graco, Inc.		1,271		91,626
GrafTech International Ltd.		1,304		13,144

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Industrials-(continued)
Granite Construction, Inc.		343	$	10,383
Great Lakes Dredge & Dock Corp.^(b)		491		6,928
Greenbrier Cos., Inc. (The)^(c)		243		10,797
Griffon Corp.		361		8,321
GXO Logistics, Inc.^(b)		773		64,878
H&E Equipment Services, Inc.		244		10,189
Harsco Corp.^(b)		593		7,063
Hawaiian Holdings, Inc.^(b)(c)		100		1,918
Healthcare Services Group, Inc.		559		8,843
Heartland Express, Inc.		387		5,557
Heidrick & Struggles International, Inc.		146		6,242
Helios Technologies, Inc.		230		18,034
Herc Holdings, Inc.		155		24,664
Heritage-Crystal Clean, Inc.^(b)		118		3,309
Hexcel Corp.		628		36,361
Hillenbrand, Inc.		547		26,097
Hillman Solutions Corp.^(b)		702		6,585
HNI Corp.		329		13,387
Hub Group, Inc., Class A^(b)		256		21,606
Hubbell, Inc.		408		72,726
Huron Consulting Group, Inc.^(b)		169		8,337
Hydrofarm Holdings Group, Inc.^(b)(c)		197		3,989
Hyliion Holdings Corp.^(b)(c)		713		3,080
Hyster-Yale Materials Handling, Inc.^(c)		54		2,067
Hyzon Motors, Inc.^(b)(c)		556		3,102
IAA, Inc.^(b)		1,006		36,960
ICF International, Inc.		140		12,407
Ideanomics, Inc.^(b)(c)		3,226		3,387
IES Holdings, Inc.^(b)		70		2,943
Insperity, Inc.		275		24,736
Insteel Industries, Inc.		144		5,344
Interface, Inc.		443		5,781
ITT, Inc.		641		56,325
Janus International Group, Inc.^(b)		518		4,988
JELD-WEN Holding, Inc.^(b)		689		15,902
JetBlue Airways Corp.^(b)		596		9,101
John Bean Technologies Corp.		238		26,982
Kadant, Inc.		87		17,169
Kaman Corp.		187		8,118
KAR Auction Services, Inc.^(b)(c)		892		16,466
KBR, Inc.		1,051		52,172
Kelly Services, Inc., Class A		252		5,347
Kennametal, Inc.		595		18,867
Kforce, Inc.		145		10,901
Kimball International, Inc., Class B		274		2,540
Kirby Corp.^(b)		112		7,297
Korn Ferry		416		27,564
Kratos Defense & Security Solutions, Inc.^(b)		927		19,393
Landstar System, Inc.		287		44,316
Lincoln Electric Holdings, Inc.		420		53,533
Lindsay Corp.		82		10,759
Luxfer Holdings PLC (United Kingdom)		208		3,623
Manitowoc Co., Inc. (The)^(b)		261		4,314
ManpowerGroup, Inc.		407		43,256
ManTech International Corp., Class A		206		17,174
Markforged Holding Corp.^(b)		346		1,346
Marten Transport Ltd.		465		8,021
Masonite International Corp.^(b)		172		16,225
MasTec, Inc.^(b)		446		35,127
Matson, Inc.		81		8,972


	Shares		Value
Industrials-(continued)
Matthews International Corp., Class A		237	$	7,864
Maxar Technologies, Inc.		543		17,615
McGrath RentCorp.		181		14,712
MDU Resources Group, Inc.		1,509		40,396
Mercury Systems, Inc.^(b)		420		25,292
Meritor, Inc.^(b)		529		18,838
Microvast Holdings, Inc.^(b)(c)		1,012		7,226
Middleby Corp. (The)^(b)		413		73,357
MillerKnoll, Inc.		563		21,889
Momentus, Inc.^(b)(c)		328		754
Montrose Environmental Group, Inc.^(b)		167		7,366
Moog, Inc., Class A		218		18,118
MRC Global, Inc.^(b)		588		5,939
MSA Safety, Inc.		279		38,809
MSC Industrial Direct Co., Inc., Class A		352		27,273
Mueller Industries, Inc.		385		21,964
Mueller Water Products, Inc., Class A		1,188		15,076
MYR Group, Inc.^(b)		127		11,398
National Presto Industries, Inc.		40		3,180
Nielsen Holdings PLC		2,555		44,508
Nikola Corp.^(b)(c)		1,188		9,385
NOW, Inc.^(b)		828		7,734
NV5 Global, Inc.^(b)		94		10,082
nVent Electric PLC		1,259		42,718
Omega Flex, Inc.		24		3,486
Oshkosh Corp.		512		56,853
Parsons Corp.^(b)(c)		192		6,655
PGT Innovations, Inc.^(b)		447		9,615
Pitney Bowes, Inc.		1,316		6,554
Primoris Services Corp.		403		10,627
Proterra, Inc., (Acquired 11/30/2021 -02/10/2022; Cost $14,006)^(b)(d)		1,270		11,481
Proto Labs, Inc.^(b)		208		11,696
Quanex Building Products Corp.		252		5,761
Quanta Services, Inc.		1,068		116,348
RBC Bearings, Inc.^(b)(c)		217		42,065
Regal Rexnord Corp.		503		80,656
Resideo Technologies, Inc.^(b)		1,026		26,409
Resources Connection, Inc.		234		3,884
REV Group, Inc.		220		2,974
Rocket Lab USA, Inc.^(b)(c)		1,176		11,219
Romeo Power, Inc.^(b)(c)		702		1,285
Rush Enterprises, Inc., Class A		324		16,829
Rush Enterprises, Inc., Class B		42		2,058
Ryder System, Inc.		403		31,773
Saia, Inc.^(b)		197		56,584
Schneider National, Inc., Class B		425		11,101
Science Applications International Corp.		434		38,057
Shoals Technologies Group, Inc., Class A^(b)		778		12,300
Shyft Group, Inc. (The)		238		9,618
Simpson Manufacturing Co., Inc.		326		38,634
SiteOne Landscape Supply, Inc.^(b)		335		57,764
Skillsoft Corp.^(b)		497		3,221
SkyWest, Inc.^(b)		95		2,670
SP Plus Corp.^(b)		178		5,313
Spire Global, Inc.^(b)		350		760
Spirit AeroSystems Holdings, Inc., Class A		790		39,500
Spirit Airlines, Inc.^(b)		203		5,091
SPX Corp.^(b)		339		17,187
SPX FLOW, Inc.		312		26,798

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Industrials-(continued)
Standex International Corp.		92	$	9,746
Steelcase, Inc., Class A		640		7,789
Stem, Inc.^(b)(c)		379		3,608
Stericycle, Inc.^(b)(c)		689		40,210
Sterling Construction Co., Inc.^(b)		211		6,231
Sun Country Airlines Holdings, Inc.^(b)(c)		150		4,058
Tennant Co.		139		10,950
Terex Corp.		523		21,589
Tetra Tech, Inc.		405		64,302
Thermon Group Holdings, Inc.^(b)		250		4,280
Timken Co. (The)		514		33,698
Toro Co. (The)		791		74,204
TPI Composites, Inc.^(b)(c)		279		3,772
Trex Co., Inc.^(b)		860		78,982
TriNet Group, Inc.^(b)		295		25,756
Trinity Industries, Inc.		558		16,104
Triton International Ltd. (Bermuda)		504		33,103
Triumph Group, Inc.^(b)		484		12,119
TrueBlue, Inc.^(b)		265		7,208
TuSimple Holdings, Inc., Class A^(b)(c)		277		4,825
Tutor Perini Corp.^(b)		344		3,371
UFP Industries, Inc.		464		39,788
UniFirst Corp.		114		20,663
Univar Solutions, Inc.^(b)		1,279		39,278
Upwork, Inc.^(b)		860		21,741
US Ecology, Inc.^(b)		236		11,196
Valmont Industries, Inc.		159		34,416
Vectrus, Inc.^(b)		88		4,034
Veritiv Corp.^(b)		106		11,360
Vertiv Holdings Co.		2,392		31,144
Viad Corp.^(b)		153		5,346
Vicor Corp.^(b)		167		12,487
View, Inc.^(b)(c)		407		985
Virgin Galactic Holdings, Inc.^(b)(c)		1,444		13,978
Wabash National Corp.^(c)		374		6,373
Watsco, Inc.		247		67,446
Watts Water Technologies, Inc., Class A		207		29,798
Welbilt, Inc.^(b)		1,011		23,900
Werner Enterprises, Inc.		457		19,861
WESCO International, Inc.^(b)		340		41,388
Wheels Up Experience, Inc.^(b)		552		1,938
Willdan Group, Inc.^(b)(c)		96		3,101
WillScot Mobile Mini Holdings Corp.^(b)		1,267		45,017
Woodward, Inc.		449		55,959
XPO Logistics, Inc.^(b)		731		53,129
Zurn Water Solutions Corp.		907		29,496

				5,814,767

Information Technology-13.38%
3D Systems Corp.^(b)(c)		937		16,697
8x8, Inc.^(b)		797		10,329
908 Devices, Inc.^(b)(c)		116		1,929
A10 Networks, Inc.		431		6,137
ACI Worldwide, Inc.^(b)		792		26,548
ACM Research, Inc., Class A^(b)(c)		95		7,830
ADTRAN, Inc.		364		7,495
Advanced Energy Industries, Inc.		288		24,725
Aeva Technologies, Inc.^(b)		715		3,003
AEye, Inc.^(b)(c)		752		2,497
Agilysys, Inc.^(b)		179		7,523


	Shares		Value
Information Technology-(continued)
Alarm.com Holdings, Inc.^(b)		355	$	23,370
Alkami Technology, Inc.^(b)(c)		131		2,065
Allegro MicroSystems, Inc. (Japan)^(b)		426		12,213
Alliance Data Systems Corp.		354		23,877
Alpha & Omega Semiconductor Ltd.^(b)		158		8,496
Altair Engineering, Inc., Class A^(b)		381		25,306
Alteryx, Inc., Class A^(b)(c)		446		27,786
Ambarella, Inc.^(b)		271		37,861
American Software, Inc., Class A		235		5,163
Amkor Technology, Inc.		823		18,657
Anaplan, Inc.^(b)		975		46,186
AppFolio, Inc., Class A^(b)(c)		128		14,482
Appian Corp.^(b)(c)		266		16,215
Aspen Technology, Inc.^(b)		501		76,357
Avaya Holdings Corp.^(b)(c)		631		8,689
AvePoint, Inc.^(b)(c)		603		3,401
Avid Technology, Inc.^(b)		252		7,928
Avnet, Inc.		745		31,342
Axcelis Technologies, Inc.^(b)		252		17,443
Azenta, Inc.		554		48,486
Badger Meter, Inc.		218		21,671
Belden, Inc.		335		18,877
Benchmark Electronics, Inc.		266		6,953
Benefitfocus, Inc.^(b)		199		2,006
BigCommerce Holdings, Inc., Series 1^(b)		289		7,485
Blackbaud, Inc.		330		20,622
Blackline, Inc.^(b)(c)		394		29,672
Bottomline Technologies (DE), Inc.^(b)		339		19,201
Box, Inc., Class A^(b)		1,143		29,272
Brightcove, Inc.^(b)		229		1,713
BTRS Holdings, Inc.^(b)		516		3,148
C3.ai, Inc., Class A^(b)(c)		300		6,726
Calix, Inc.^(b)		428		23,257
Cambium Networks Corp.^(b)		69		1,919
Cantaloupe, Inc.^(b)		400		3,108
Casa Systems, Inc.^(b)		252		1,048
Cass Information Systems, Inc.		101		3,998
CDK Global, Inc.		907		41,123
Cerence, Inc.^(b)(c)		285		10,291
CEVA, Inc.^(b)		173		7,053
ChannelAdvisor Corp.^(b)		223		4,003
Ciena Corp.^(b)		1,160		79,367
Cipher Mining, Inc.^(b)(c)		374		1,141
Cirrus Logic, Inc.^(b)		431		37,441
Clear Secure, Inc., Class A^(b)(c)		223		6,005
Clearfield, Inc.^(b)		88		5,642
CMC Materials, Inc.		213		39,497
Coherent, Inc.^(b)		186		49,163
Cohu, Inc.^(b)		364		11,350
CommScope Holding Co., Inc.^(b)		1,529		14,587
CommVault Systems, Inc.^(b)		309		19,439
Comtech Telecommunications Corp.		195		4,013
Concentrix Corp.^(c)		332		66,363
Conduent, Inc.^(b)		1,273		6,199
Consensus Cloud Solutions, Inc.^(b)		112		6,234
Corsair Gaming, Inc.^(b)(c)		211		4,870
Couchbase, Inc.^(b)		81		1,707
CSG Systems International, Inc.		246		15,183
CTS Corp.		218		8,271
Diebold Nixdorf, Inc.^(b)		558		4,855

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Information Technology-(continued)
Digi International, Inc.^(b)		251	$	5,040
Digital Turbine, Inc.^(b)(c)		679		32,918
DigitalOcean Holdings, Inc.^(b)(c)		201		11,923
Diodes, Inc.^(b)		337		30,192
Dolby Laboratories, Inc., Class A		488		36,649
Domo, Inc., Class B^(b)		217		9,656
Duck Creek Technologies, Inc.^(b)		295		6,927
DXC Technology Co.^(b)		1,878		63,908
E2open Parent Holdings, Inc.^(b)(c)		1,122		10,076
Eastman Kodak Co.^(b)(c)		290		1,383
Ebix, Inc.		197		5,813
Elastic N.V.^(b)		481		41,679
Envestnet, Inc.^(b)		412		30,826
ePlus, Inc.^(b)		202		9,474
Euronet Worldwide, Inc.^(b)		403		51,677
Everbridge, Inc.^(b)		288		11,382
EVERTEC, Inc.		457		18,445
Evo Payments, Inc., Class A^(b)		354		8,535
Evolv Technologies Holdings, Inc.^(b)		486		1,711
ExlService Holdings, Inc.^(b)		251		30,318
Extreme Networks, Inc.^(b)		969		11,134
Fabrinet (Thailand)^(b)		276		27,636
FARO Technologies, Inc.^(b)		140		7,664
Fastly, Inc., Class A^(b)(c)		830		15,438
First Solar, Inc.^(b)		717		53,983
Five9, Inc.^(b)		505		55,550
Flex Ltd.^(b)		3,526		58,144
FormFactor, Inc.^(b)		581		23,525
Grid Dynamics Holdings, Inc.^(b)		302		3,669
Hackett Group, Inc. (The)		189		3,916
Harmonic, Inc.^(b)(c)		758		7,057
I3 Verticals, Inc., Class A^(b)		165		4,356
Ichor Holdings Ltd.^(b)		213		7,504
II-VI Incorporated^(b)(c)		789		54,804
Impinj, Inc.^(b)		140		9,625
indie Semiconductor, Inc., Class A (China)^(b)(c)		289		2,269
Infinera Corp.^(b)(c)		1,327		12,248
Inseego Corp.^(b)(c)		579		2,727
Insight Enterprises, Inc.^(b)(c)		260		27,040
Intapp, Inc.^(b)		92		2,122
InterDigital, Inc.		230		14,817
International Money Express, Inc.^(b)		213		3,421
Itron, Inc.^(b)		338		16,112
Jabil, Inc.		1,013		58,562
Jamf Holding Corp.^(b)(c)		266		9,100
JFrog Ltd. (Israel)^(b)		288		7,134
Kimball Electronics, Inc.^(b)		186		3,207
KnowBe4, Inc., Class A^(b)		240		4,834
Knowles Corp.^(b)(c)		688		14,985
Kulicke & Soffa Industries, Inc. (Singapore)^(c)		464		24,239
Kyndryl Holdings, Inc.^(b)		1,342		21,284
Latch, Inc.^(b)(c)		264		1,090
Lattice Semiconductor Corp.^(b)		1,028		64,373
Limelight Networks, Inc.^(b)(c)		949		3,711
Littelfuse, Inc.		186		48,027
LivePerson, Inc.^(b)(c)		496		10,059
LiveRamp Holdings, Inc.^(b)		508		21,925
Lumentum Holdings, Inc.^(b)(c)		544		53,780
MACOM Technology Solutions Holdings, Inc.^(b)		361		21,696


	Shares		Value
Information Technology-(continued)
MagnaChip Semiconductor Corp. (South Korea)^(b)		313	$	5,697
Mandiant, Inc.^(b)		1,790		35,442
Manhattan Associates, Inc.^(b)		473		63,231
Marathon Digital Holdings, Inc.^(b)(c)		746		18,911
Maximus, Inc.		460		36,276
MaxLinear, Inc.^(b)		544		33,374
McAfee Corp., Class A		535		13,905
MeridianLink, Inc.^(b)		150		2,937
Meta Materials, Inc.^(b)(c)		1,465		3,150
Methode Electronics, Inc.		287		13,099
MicroStrategy, Inc., Class A^(b)(c)		62		27,466
MicroVision, Inc.^(b)(c)		1,231		4,936
Mimecast Ltd.^(b)		467		37,140
Mitek Systems, Inc.^(b)		330		4,904
MKS Instruments, Inc.		415		62,499
Model N, Inc.^(b)(c)		241		5,926
Momentive Global, Inc.^(b)		939		14,761
MoneyGram International, Inc.^(b)		582		6,251
N-able, Inc.^(b)(c)		334		3,864
Napco Security Technologies, Inc.^(b)		220		4,486
National Instruments Corp.		991		39,789
nCino, Inc.^(b)		218		10,013
NCR Corp.^(b)(c)		984		39,872
NeoPhotonics Corp.^(b)		391		5,986
NETGEAR, Inc.^(b)		228		6,067
NetScout Systems, Inc.^(b)		555		17,277
New Relic, Inc.^(b)		437		28,947
nLight, Inc.^(b)		295		4,808
Novanta, Inc.^(b)		270		36,890
Nutanix, Inc., Class A^(b)		1,583		42,266
Olo, Inc., Class A^(b)(c)		385		5,625
ON24, Inc.^(b)		122		1,903
OneSpan, Inc.^(b)		241		3,321
Onto Innovation, Inc.^(b)		373		32,156
OSI Systems, Inc.^(b)		128		10,326
PagerDuty, Inc.^(b)		501		16,944
PAR Technology Corp.^(b)(c)		183		7,675
Paya Holdings, Inc., Class A^(b)		525		3,386
Paylocity Holding Corp.^(b)		289		61,395
Paymentus Holdings, Inc., Class A^(b)		89		2,051
Payoneer Global, Inc.^(b)		1,648		7,943
PC Connection, Inc.		89		4,342
PDF Solutions, Inc.^(b)		222		6,074
Pegasystems, Inc.		304		26,484
Perficient, Inc.^(b)		247		25,169
Photronics, Inc.^(b)		464		8,547
Ping Identity Holding Corp.^(b)(c)		531		11,172
Plantronics, Inc.^(b)(c)		300		8,451
Plexus Corp.^(b)		212		17,272
Power Integrations, Inc.		447		40,230
Progress Software Corp.		328		14,458
PROS Holdings, Inc.^(b)(c)		316		10,042
Pure Storage, Inc., Class A^(b)		2,029		52,632
Q2 Holdings, Inc.^(b)		402		26,150
Qualys, Inc.^(b)		248		31,077
Rackspace Technology, Inc.^(b)(c)		313		3,484
Rambus, Inc.^(b)		815		22,005
Rapid7, Inc.^(b)(c)		397		41,074
Rekor Systems, Inc.^(b)(c)		262		1,239

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Information Technology-(continued)
Repay Holdings Corp.^(b)(c)		640	$	11,053
Ribbon Communications, Inc.^(b)		725		2,204
Rimini Street, Inc.^(b)		256		1,160
Riot Blockchain, Inc.^(b)(c)		869		14,973
Rockley Photonics Holdings Ltd.^(b)(c)		616		2,556
Rogers Corp.^(b)		139		37,947
Sabre Corp.^(b)(c)		2,294		25,073
SailPoint Technologies Holding, Inc.^(b)		695		28,752
Sanmina Corp.^(b)		491		19,532
ScanSource, Inc.^(b)		191		6,032
Semtech Corp.^(b)		490		33,996
Shift4 Payments, Inc., Class A^(b)(c)		347		18,270
ShotSpotter, Inc.^(b)		65		1,669
Silicon Laboratories, Inc.^(b)		301		46,267
SiTime Corp.^(b)(c)		99		20,012
SkyWater Technology, Inc.^(b)(c)		73		843
SMART Global Holdings, Inc.^(b)		328		9,004
Smartsheet, Inc., Class A^(b)		897		47,693
SolarWinds Corp.		295		3,997
Sprinklr, Inc., Class A^(b)(c)		736		8,832
Sprout Social, Inc., Class A^(b)		287		18,687
SPS Commerce, Inc.^(b)		268		34,800
SunPower Corp.^(b)(c)		646		11,583
Super Micro Computer, Inc.^(b)		302		11,866
Switch, Inc., Class A		770		20,035
Synaptics, Inc.^(b)		294		67,158
TaskUS, Inc., Class A (Philippines)^(b)(c)		204		5,859
TD SYNNEX Corp.		324		32,993
Telos Corp.^(b)		125		1,427
Tenable Holdings, Inc.^(b)		559		30,946
Teradata Corp.^(b)		816		40,792
TTEC Holdings, Inc.		140		11,130
TTM Technologies, Inc.^(b)		766		9,629
Tucows, Inc., Class A^(b)(c)		67		4,501
Ultra Clean Holdings, Inc.^(b)		334		15,301
Unisys Corp.^(b)		502		10,728
Universal Display Corp.^(c)		335		51,895
Upland Software, Inc.^(b)		193		3,640
Varonis Systems, Inc.^(b)(c)		796		34,706
Veeco Instruments, Inc.^(b)		376		10,742
Velodyne Lidar, Inc.^(b)(c)		731		2,697
Verint Systems, Inc.^(b)(c)		490		24,613
Veritone, Inc.^(b)(c)		210		3,536
Verra Mobility Corp.^(b)(c)		1,037		17,422
Vertex, Inc., Class A^(b)		210		2,925
ViaSat, Inc.^(b)		408		18,621
Viavi Solutions, Inc.^(b)		1,781		29,208
Vishay Intertechnology, Inc.^(c)		997		19,132
Vishay Precision Group, Inc.^(b)		95		2,984
Vonage Holdings Corp.^(b)(c)		1,791		36,393
Vontier Corp.		1,265		30,739
WEX, Inc.^(b)		342		57,630
WM Technology, Inc.^(b)(c)		381		2,229
Wolfspeed, Inc.^(b)		864		88,750
Workiva, Inc.^(b)(c)		304		32,011
Xerox Holdings Corp.		1,136		22,391
Xperi Holding Corp.		784		13,579


	Shares		Value
Information Technology-(continued)
Yext, Inc.^(b)(c)		757	$	5,617
Zuora, Inc., Class A^(b)(c)		835		12,675

				4,750,040

Materials-5.39%
AdvanSix, Inc.		211		8,453
Alcoa Corp.		1,394		105,024
Allegheny Technologies, Inc.^(b)		953		24,530
Alpha Metallurgical Resources, Inc.^(b)		124		11,753
American Vanguard Corp.		209		3,150
Amyris, Inc.^(b)(c)		1,231		5,613
AptarGroup, Inc.		493		60,087
Arconic Corp.^(b)		778		23,885
Ashland Global Holdings, Inc.		405		37,373
Aspen Aerogels, Inc.^(b)		198		5,861
Avient Corp.		679		35,573
Axalta Coating Systems Ltd.^(b)		1,506		40,722
Balchem Corp.		243		33,617
Berry Global Group, Inc.^(b)		1,016		61,620
Cabot Corp.		424		31,020
Carpenter Technology Corp.		360		13,820
Century Aluminum Co.^(b)		406		9,590
Chase Corp.		57		5,234
Chemours Co. (The)		1,236		34,114
Clearwater Paper Corp.^(b)		125		3,604
Cleveland-Cliffs, Inc.^(b)		3,559		79,579
Coeur Mining, Inc.^(b)		1,924		8,273
Commercial Metals Co.		903		34,811
Compass Minerals International, Inc.^(c)		251		14,714
Danimer Scientific, Inc.^(b)(c)		585		2,328
Eagle Materials, Inc.		290		39,681
Ecovyst, Inc.		307		3,355
Element Solutions, Inc.		1,667		40,975
Ferro Corp.^(b)		558		12,125
Forterra, Inc.^(b)		225		5,301
FutureFuel Corp.		197		1,450
Gatos Silver, Inc.^(b)		310		1,045
GCP Applied Technologies, Inc.^(b)		334		10,548
Glatfelter Corp.		329		4,520
Graphic Packaging Holding Co.		2,301		47,355
Greif, Inc., Class A		188		10,808
Greif, Inc., Class B		35		1,992
H.B. Fuller Co.		393		26,869
Hawkins, Inc.		142		6,427
Hecla Mining Co.		4,019		23,149
Huntsman Corp.		1,552		62,763
Ingevity Corp.^(b)		295		20,128
Innospec, Inc.		184		17,572
Kaiser Aluminum Corp.		119		11,483
Koppers Holdings, Inc.^(b)		160		4,581
Kraton Corp.^(b)		241		11,122
Kronos Worldwide, Inc.		174		2,563
Livent Corp.^(b)(c)		1,209		28,472
Louisiana-Pacific Corp.		659		47,415
Materion Corp.		153		12,783
McEwen Mining, Inc. (Canada)^(b)		2,921		2,314
Mercer International, Inc. (Germany)		322		4,305
Minerals Technologies, Inc.		252		17,637
MP Materials Corp.^(b)(c)		466		21,259
Myers Industries, Inc.		230		3,823

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Materials-(continued)
Neenah, Inc.		127	$	4,947
NewMarket Corp.		64		20,337
O-I Glass, Inc.^(b)		1,178		15,055
Olin Corp.		1,075		55,373
Origin Materials, Inc.^(c)		794		4,121
Orion Engineered Carbons S.A. (Germany)		453		7,040
Pactiv Evergreen, Inc.		335		3,223
Piedmont Lithium, Inc.^(b)(c)		119		6,253
PureCycle Technologies, Inc.^(b)		523		3,640
Quaker Chemical Corp.		96		17,818
Ranpak Holdings Corp.^(b)(c)		290		7,018
Reliance Steel & Aluminum Co.		469		89,518
Royal Gold, Inc.		492		59,660
Ryerson Holding Corp.		130		3,396
Schnitzer Steel Industries, Inc., Class A		194		9,438
Schweitzer-Mauduit International, Inc., Class A		236		7,368
Scotts Miracle-Gro Co. (The)		313		43,839
Sensient Technologies Corp.		316		25,953
Silgan Holdings, Inc.		661		27,683
Sonoco Products Co.		737		43,277
Stepan Co.		160		16,579
Summit Materials, Inc., Class A^(b)		883		27,567
SunCoke Energy, Inc.		621		4,924
Sylvamo Corp.^(b)		264		9,214
Tredegar Corp.		202		2,325
TriMas Corp.		322		10,468
Trinseo PLC		232		12,055
Tronox Holdings PLC, Class A		863		17,519
United States Lime & Minerals, Inc.		18		2,115
United States Steel Corp.^(c)		2,025		55,100
Valvoline, Inc.		1,349		43,613
Warrior Met Coal, Inc.		385		12,127
Westlake Corp.		289		31,880
Worthington Industries, Inc.		252		14,369

				1,912,980

Real Estate-8.95%
Acadia Realty Trust		662		14,193
Agree Realty Corp.		516		33,101
Alexander & Baldwin, Inc.		543		12,179
Alexander’s, Inc.		18		4,562
American Assets Trust, Inc.		384		14,039
American Campus Communities, Inc.		1,043		56,124
American Homes 4 Rent, Class A		2,250		85,522
Americold Realty Trust		1,999		53,413
Apartment Income REIT Corp.		1,177		60,745
Apartment Investment & Management Co., Class A		1,120		7,997
Apple Hospitality REIT, Inc.		1,623		28,711
Armada Hoffler Properties, Inc.		456		6,694
Brandywine Realty Trust		1,279		17,049
Brixmor Property Group, Inc.		2,259		56,746
Broadstone Net Lease, Inc.		1,193		25,840
CareTrust REIT, Inc.		726		12,705
CatchMark Timber Trust, Inc., Class A		367		2,811
Centerspace		105		9,869
Chatham Lodging Trust^(b)		366		5,032
City Office REIT, Inc.		327		5,631
Community Healthcare Trust, Inc.		172		7,172
CorePoint Lodging, Inc.^(b)(c)		306		4,887


	Shares		Value
Real Estate-(continued)
Corporate Office Properties Trust		837	$	21,938
Cousins Properties, Inc.^(c)		1,111		42,918
CubeSmart		1,639		79,016
Cushman & Wakefield PLC^(b)(c)		1,002		21,964
CyrusOne, Inc.		957		86,465
DiamondRock Hospitality Co.^(b)		1,577		15,060
DigitalBridge Group, Inc.^(b)		3,847		27,891
Diversified Healthcare Trust		1,784		5,138
Doma Holdings, Inc.^(b)		845		2,248
Douglas Elliman, Inc.^(b)		490		3,695
Douglas Emmett, Inc.		1,308		41,464
Easterly Government Properties, Inc.		676		14,074
EastGroup Properties, Inc.		305		58,182
Empire State Realty Trust, Inc., Class A^(c)		1,097		10,378
EPR Properties		561		27,938
Equity Commonwealth^(b)(c)		914		24,285
Essential Properties Realty Trust, Inc.		885		22,373
eXp World Holdings, Inc.		492		13,156
Federal Realty Investment Trust		522		61,377
First Industrial Realty Trust, Inc.		976		56,198
Five Point Holdings LLC, Class A^(b)		438		2,593
Forestar Group, Inc.^(b)		130		2,380
Four Corners Property Trust, Inc.		570		15,037
Franklin Street Properties Corp.		763		4,410
FRP Holdings, Inc.^(b)		46		2,665
Gaming and Leisure Properties, Inc.		1,688		76,652
Getty Realty Corp.		285		7,852
Gladstone Commercial Corp.		275		5,827
Gladstone Land Corp.		222		6,636
Global Medical REIT, Inc.		456		7,159
Global Net Lease, Inc.		751		10,672
Healthcare Realty Trust, Inc.		1,089		28,401
Healthcare Trust of America, Inc., Class A		1,668		49,023
Highwoods Properties, Inc.		780		34,008
Howard Hughes Corp. (The)^(b)		309		29,534
Hudson Pacific Properties, Inc.^(c)		1,142		30,149
Independence Realty Trust, Inc.		787		19,887
Industrial Logistics Properties Trust		485		10,849
Innovative Industrial Properties, Inc.		178		33,546
iStar, Inc.		536		13,464
JBG SMITH Properties		888		23,692
Jones Lang LaSalle, Inc.^(b)		381		93,810
Kennedy-Wilson Holdings, Inc.^(c)		949		21,011
Kilroy Realty Corp.		785		56,222
Kite Realty Group Trust		1,634		35,834
Lamar Advertising Co., Class A		650		70,889
Life Storage, Inc.		614		77,726
LTC Properties, Inc.		291		9,845
LXP Industrial Trust		2,079		32,141
Macerich Co. (The)^(c)		1,594		24,388
Marcus & Millichap, Inc.^(b)		174		8,653
MGM Growth Properties LLC, Class A		1,173		44,422
National Health Investors, Inc.		327		17,432
National Retail Properties, Inc.		1,316		56,075
National Storage Affiliates Trust		631		36,768
Necessity Retail REIT, Inc. (The)		881		6,202
NETSTREIT Corp.^(c)		295		6,531
Newmark Group, Inc., Class A		1,433		25,335
NexPoint Residential Trust, Inc.		170		14,445
Office Properties Income Trust		362		9,068

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Real Estate-(continued)
Omega Healthcare Investors, Inc.^(c)		1,816	$	51,157
One Liberty Properties, Inc.		125		3,632
Opendoor Technologies, Inc.^(b)(c)		906		7,565
Orion Office REIT, Inc.^(b)(c)		412		7,016
Outfront Media, Inc.		1,090		29,103
Paramount Group, Inc.		1,310		14,659
Park Hotels & Resorts, Inc.^(b)		1,771		33,366
Pebblebrook Hotel Trust^(c)		984		22,150
Phillips Edison & Co., Inc.		146		4,719
Physicians Realty Trust		1,627		26,455
Piedmont Office Realty Trust, Inc., Class A		929		15,830
Plymouth Industrial REIT, Inc.		226		5,894
PotlatchDeltic Corp.		502		27,560
PS Business Parks, Inc.		155		24,690
Rayonier, Inc.		1,058		42,003
RE/MAX Holdings, Inc., Class A		141		4,179
Realogy Holdings Corp.^(b)		873		15,871
Redfin Corp.^(b)(c)		707		15,292
Retail Opportunity Investments Corp.		909		16,507
Rexford Industrial Realty, Inc.		1,135		79,598
RLJ Lodging Trust		1,247		17,446
RMR Group, Inc. (The), Class A		115		3,351
RPT Realty		607		7,861
Ryman Hospitality Properties, Inc.^(b)		392		34,539
Sabra Health Care REIT, Inc.		1,654		22,213
Safehold, Inc.^(c)		120		7,363
Saul Centers, Inc.		105		4,833
Seritage Growth Properties, Class A, (Acquired 05/06/2020 - 02/10/2022; Cost $4,266)^(b)(c)(d)		290		2,955
Service Properties Trust		1,233		10,641
SITE Centers Corp.		1,264		19,655
SL Green Realty Corp.		502		39,919
Spirit Realty Capital, Inc.		924		42,846
St. Joe Co. (The)		243		13,129
STAG Industrial, Inc.		1,311		51,077
STORE Capital Corp.		1,839		56,494
Summit Hotel Properties, Inc.^(b)		798		7,892
Sunstone Hotel Investors, Inc.^(b)		1,640		17,351
Tanger Factory Outlet Centers, Inc.^(c)		778		12,977
Tejon Ranch Co.^(b)		158		2,683
Terreno Realty Corp.		561		38,591
UMH Properties, Inc.		355		8,186
Uniti Group, Inc.		1,747		22,659
Universal Health Realty Income Trust		102		5,825
Urban Edge Properties		881		16,052
Urstadt Biddle Properties, Inc., Class A		225		4,237
Veris Residential, Inc.^(b)		544		9,194
Washington REIT		634		14,810
Xenia Hotels & Resorts, Inc.^(b)		855		15,852

				3,179,890

Utilities-2.28%
ALLETE, Inc.		391		24,610

Investment Abbreviations:

CVR -Contingent Value Rights

REIT -Real Estate Investment Trust


	Shares		Value
Utilities-(continued)
American States Water Co.		277	$	23,312
Avista Corp.		522		23,297
Black Hills Corp.		476		33,315
California Water Service Group		386		21,975
Chesapeake Utilities Corp.		132		17,549
Clearway Energy, Inc., Class A		247		7,556
Clearway Energy, Inc., Class C		580		19,372
Hawaiian Electric Industries, Inc.		818		33,522
IDACORP, Inc.		377		39,189
MGE Energy, Inc.		271		19,517
Middlesex Water Co.		132		13,199
National Fuel Gas Co.		649		40,394
New Jersey Resources Corp.		718		31,319
NextEra Energy Partners L.P.		574		44,778
Northwest Natural Holding Co.		229		11,910
NorthWestern Corp.		412		24,918
OGE Energy Corp.		1,500		56,325
ONE Gas, Inc.		401		33,319
Ormat Technologies, Inc.^(c)		334		23,831
Otter Tail Corp.		311		19,238
Pinnacle West Capital Corp.		857		60,701
PNM Resources, Inc.		610		27,554
Portland General Electric Co.		669		33,965
SJW Group		213		13,892
South Jersey Industries, Inc.^(c)		841		28,535
Southwest Gas Holdings, Inc.		443		31,426
Spire, Inc.		387		25,972
Star Group L.P.		266		2,594
Sunnova Energy International, Inc.^(b)		629		12,674
Unitil Corp.		119		6,008
York Water Co. (The)		94		4,218

				809,984

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.93% (Cost $38,187,282)				35,490,684


Investments Purchased with Cash Collateral from Securities on Loan

Money Market Funds-15.10%
Invesco Private Government Fund, 0.12%^(f)(h)(i)		1,597,923		1,597,923
Invesco Private Prime Fund, 0.08%^(f)(h)(i)		3,763,333		3,763,709

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $5,361,978)				5,361,632

TOTAL INVESTMENTS IN SECURITIES-115.03% (Cost $43,549,260)				40,852,316
OTHER ASSETS LESS LIABILITIES-(15.03)%				(5,338,262	)

NET ASSETS-100.00%			$	35,514,054

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Principal Amount		Value
U.S. Treasury Securities-43.43%
U.S. Treasury Bonds-11.58%
6.25%, 08/15/2023	$	20,000	$	21,448
7.63%, 02/15/2025		15,000		17,623
6.50%, 11/15/2026		20,000		24,304
6.63%, 02/15/2027		20,000		24,616
6.13%, 11/15/2027		15,000		18,546
5.25%, 11/15/2028		15,000		18,271
5.25%, 02/15/2029		10,000		12,248
6.13%, 08/15/2029		5,000		6,513
6.25%, 05/15/2030		10,000		13,388
5.38%, 02/15/2031		15,000		19,441
4.50%, 02/15/2036^(b)		15,000		19,835
4.75%, 02/15/2037		15,000		20,469
5.00%, 05/15/2037		15,000		20,984
4.50%, 05/15/2038		25,000		33,582
3.50%, 02/15/2039		15,000		18,025
4.25%, 05/15/2039		50,000		65,641
4.50%, 08/15/2039		35,000		47,350
4.38%, 11/15/2039		30,000		39,993
4.63%, 02/15/2040		25,000		34,274
1.13% - 4.38%, 05/15/2040		70,000		70,715
1.13% - 3.88%, 08/15/2040		85,000		74,553
1.38%, 11/15/2040		45,000		38,830
1.88% - 4.75%, 02/15/2041		100,000		105,218
2.25%, 05/15/2041		60,000		59,693
1.75% - 3.75%, 08/15/2041		100,000		107,600
2.00% - 3.13%, 11/15/2041		55,000		57,082
3.13%, 02/15/2042		35,000		39,860
2.75%, 08/15/2042		60,000		64,498
2.75%, 11/15/2042		20,000		21,485
2.88%, 05/15/2043		25,000		27,349
3.63%, 08/15/2043		50,000		61,158
3.75%, 11/15/2043		50,000		62,338
3.63%, 02/15/2044		50,000		61,295
3.38%, 05/15/2044		30,000		35,531
3.13%, 08/15/2044		50,000		57,053
2.50%, 02/15/2045		50,000		51,500
2.88%, 08/15/2045		50,000		55,033
2.50%, 02/15/2046		20,000		20,663
2.50%, 05/15/2046		35,000		36,163
2.25%, 08/15/2046		20,000		19,742
2.88%, 11/15/2046		30,000		33,209
3.00%, 02/15/2047		40,000		45,323
3.00%, 05/15/2047		37,000		42,027
2.75%, 08/15/2047		40,000		43,689
2.75%, 11/15/2047		15,000		16,402
3.13%, 05/15/2048		50,000		58,787
3.00%, 08/15/2048		50,000		57,533
3.38%, 11/15/2048		30,000		36,962
3.00%, 02/15/2049		40,000		46,292
2.88%, 05/15/2049		25,000		28,325
2.25%, 08/15/2049		55,000		55,286
2.38%, 11/15/2049		40,000		41,352
2.00%, 02/15/2050		25,000		23,866
1.25%, 05/15/2050		60,000		47,723
1.38%, 08/15/2050		70,000		57,455
1.63%, 11/15/2050		85,000		74,229


	Principal Amount		Value
U.S. Treasury Bonds-(continued)
1.88%, 02/15/2051	$	90,000	$	83,496
2.38%, 05/15/2051		60,000		62,379
2.00%, 08/15/2051		50,000		47,812
1.88%, 11/15/2051		35,000		32,555
2.25%, 02/15/2052		35,000		35,533

				2,574,145

U.S. Treasury Notes-31.85%
2.63%, 02/28/2023		100,000		101,521
0.50%, 03/15/2023		50,000		49,700
0.13%, 03/31/2023		50,000		49,466
0.25%, 04/15/2023		50,000		49,511
0.13%, 04/30/2023		20,000		19,759
0.13% - 1.75%, 05/15/2023		210,000		208,395
0.13% - 2.75%, 05/31/2023		150,000		151,297
0.25%, 06/15/2023		50,000		49,401
0.13%, 06/30/2023		25,000		24,637
0.13%, 07/15/2023		50,000		49,256
0.13% - 2.50%, 08/15/2023		170,000		169,928
0.13%, 08/31/2023		70,000		68,800
0.13%, 09/15/2023		50,000		49,103
0.25%, 09/30/2023		35,000		34,415
0.13%, 10/15/2023		40,000		39,216
0.38% - 2.88%, 10/31/2023		70,000		69,674
0.25% - 2.75%, 11/15/2023		185,000		185,724
0.50%, 11/30/2023		50,000		49,234
0.13%, 12/15/2023		75,000		73,324
2.63%, 12/31/2023		40,000		40,887
0.13%, 01/15/2024		50,000		48,805
0.88% - 2.25%, 01/31/2024^(b)		45,000		45,062
0.13% - 2.75%, 02/15/2024		120,000		119,524
1.50% - 2.38%, 02/29/2024		100,000		100,992
0.25%, 03/15/2024		90,000		87,813
2.13%, 03/31/2024		50,000		50,674
0.38%, 04/15/2024		30,000		29,309
0.25% - 2.50%, 05/15/2024		130,000		130,381
2.00%, 05/31/2024		50,000		50,557
0.25%, 06/15/2024		15,000		14,573
1.75% - 2.00%, 06/30/2024		65,000		65,497
0.38%, 07/15/2024^(b)		45,000		43,796
1.75%, 07/31/2024		50,000		50,270
0.38%, 08/15/2024		50,000		48,590
0.38%, 09/15/2024		125,000		121,304
1.50%, 09/30/2024		50,000		49,910
0.63%, 10/15/2024		20,000		19,514
1.50%, 10/31/2024		40,000		39,917
2.25%, 11/15/2024		50,000		50,887
1.50%, 11/30/2024		65,000		64,848
1.75% - 2.25%, 12/31/2024		100,000		101,127
1.38%, 01/31/2025		50,000		49,672
1.50% - 2.00%, 02/15/2025		185,000		185,623
1.13%, 02/28/2025		15,000		14,785
0.50%, 03/31/2025		45,000		43,474
2.88%, 04/30/2025		50,000		51,895
0.25%, 06/30/2025		20,000		19,081
0.25% - 2.88%, 07/31/2025		50,000		48,512
0.25%, 08/31/2025		30,000		28,537

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Principal Amount		Value
U.S. Treasury Notes-(continued)
0.25%, 09/30/2025	$	50,000	$	47,498
0.25%, 10/31/2025		75,000		71,150
2.25%, 11/15/2025		40,000		40,787
0.38% - 2.88%, 11/30/2025		85,000		86,344
0.38%, 12/31/2025		90,000		85,581
0.38%, 01/31/2026		45,000		42,720
1.63%, 02/15/2026		50,000		49,820
0.50%, 02/28/2026		115,000		109,591
0.75%, 03/31/2026		65,000		62,517
0.75%, 04/30/2026		35,000		33,633
1.63%, 05/15/2026		50,000		49,785
0.75% - 2.13%, 05/31/2026		100,000		98,801
0.88% - 1.88%, 06/30/2026		85,000		83,441
0.63%, 07/31/2026		100,000		95,297
1.50%, 08/15/2026		100,000		99,016
0.75%, 08/31/2026		50,000		47,885
0.88% - 1.63%, 09/30/2026		95,000		93,233
1.13%, 10/31/2026		50,000		48,621
2.00%, 11/15/2026		60,000		60,712
1.25%, 11/30/2026		80,000		78,262
1.50%, 01/31/2027^(b)		40,000		39,566
2.25%, 02/15/2027		50,000		51,225
1.13%, 02/28/2027^(b)		25,000		24,274
0.63%, 03/31/2027		30,000		28,383
0.50%, 04/30/2027		25,000		23,477
2.38%, 05/15/2027		10,000		10,309
0.50%, 05/31/2027		30,000		28,124
0.50%, 06/30/2027		50,000		46,826
0.38%, 07/31/2027		45,000		41,813
2.25%, 08/15/2027		50,000		51,285
0.50%, 08/31/2027		35,000		32,689
0.38%, 09/30/2027		50,000		46,307
0.50%, 10/31/2027		50,000		46,580
2.25%, 11/15/2027		50,000		51,283
0.63%, 11/30/2027		20,000		18,741
0.63%, 12/31/2027		40,000		37,448
0.75%, 01/31/2028		65,000		61,227
2.75%, 02/15/2028		70,000		73,823
1.13%, 02/29/2028		35,000		33,709
1.25%, 03/31/2028		25,000		24,216
1.25%, 04/30/2028		40,000		38,730
2.88%, 05/15/2028		50,000		53,139
1.25%, 05/31/2028		60,000		58,050
1.25%, 06/30/2028		65,000		62,834
1.00%, 07/31/2028		60,000		57,049
2.88%, 08/15/2028		50,000		53,232
1.13%, 08/31/2028		50,000		47,880
1.25%, 09/30/2028		50,000		48,238
3.13%, 11/15/2028		25,000		27,062
1.50%, 11/30/2028		65,000		63,682
1.75%, 01/31/2029		50,000		49,785
2.63%, 02/15/2029		70,000		73,713
2.38%, 05/15/2029		40,000		41,519
1.63%, 08/15/2029		100,000		98,816
1.75%, 11/15/2029		100,000		99,719
1.50%, 02/15/2030		60,000		58,648
0.63%, 05/15/2030		55,000		50,016
0.63%, 08/15/2030		125,000		113,320
0.88%, 11/15/2030		70,000		64,665


	Principal Amount		Value
U.S. Treasury Notes-(continued)
1.13%, 02/15/2031^(b)	$	130,000	$	122,469
1.63%, 05/15/2031		110,000		108,114
1.25%, 08/15/2031		90,000		85,465
1.38%, 11/15/2031		150,000		143,918

				7,084,239

Total U.S. Treasury Securities (Cost $9,864,404)				9,658,384


U.S. Dollar Denominated Bonds & Notes-28.08%
Aerospace & Defense-0.50%
Boeing Co. (The), 4.88%, 05/01/2025		50,000		53,217
Raytheon Technologies Corp., 4.80%, 12/15/2043		50,000		57,604

				110,821

Airlines-0.17%
Continental Airlines Pass-Through Trust, Series 2012-2, Class A, 4.00%, 10/29/2024		30,060		30,649
United Airlines Pass-Through Trust, Series 2013-1, Class A, 4.30%, 08/15/2025		6,280		6,446

				37,095

Asset Management & Custody Banks-0.47%
Apollo Management Holdings L.P., 4.87%, 02/15/2029^(c)		25,000		27,716
Bank of New York Mellon Corp. (The), 3.40%, 01/29/2028		50,000		52,515
BlackRock, Inc., 2.40%, 04/30/2030		25,000		24,349

				104,580

Automobile Manufacturers-0.72%
General Motors Co.
4.88%, 10/02/2023		50,000		52,250
6.13%, 10/01/2025		50,000		55,399
Toyota Motor Corp. (Japan), 3.67%, 07/20/2028		50,000		53,563

				161,212

Biotechnology-0.59%
AbbVie, Inc., 3.60%, 05/14/2025		50,000		51,712
Amgen, Inc., 4.66%, 06/15/2051		50,000		55,956
Gilead Sciences, Inc., 1.20%, 10/01/2027		25,000		23,281

				130,949

Brewers-0.24%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium), 3.65%, 02/01/2026		50,000		52,293
Cable & Satellite-0.67%
Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.91%, 07/23/2025		50,000		53,083
Comcast Corp.
4.15%, 10/15/2028		50,000		54,163
2.94%, 11/01/2056^(c)		50,000		42,202

				149,448

Computer & Electronics Retail-0.23%
Dell International LLC/EMC Corp., 4.00%, 07/15/2024		50,000		51,951

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Principal Amount		Value
Construction Machinery & Heavy Trucks-0.21%
Caterpillar Financial Services Corp., 0.90%, 03/02/2026	$	50,000	$	47,723

Consumer Finance-0.24%
Capital One Financial Corp., 4.20%, 10/29/2025		50,000		52,518

Data Processing & Outsourced Services-0.18%
Visa, Inc., 2.00%, 08/15/2050		50,000		39,721

Diversified Banks-4.76%
Asian Development Bank (Supranational), 0.63%, 04/29/2025		100,000		96,726
Asian Infrastructure Investment Bank (The) (Supranational), 0.50%, 01/27/2026		50,000		47,483
Bank of America Corp.
3.88%, 08/01/2025		25,000		26,199
1.90%, 07/23/2031^(d)		50,000		45,224
1.92%, 10/24/2031^(d)		50,000		45,307
Bank of Montreal (Canada), 4.34%, 10/05/2028^(d)		50,000		51,505
Bank of Nova Scotia (The) (Canada), 0.70%, 04/15/2024		50,000		48,533
Citigroup, Inc., 8.13%, 07/15/2039		50,000		78,204
European Investment Bank (Supranational), 1.25%, 02/14/2031^(b)		50,000		47,369
Inter-American Development Bank (Supranational), 0.25%, 11/15/2023		50,000		49,049
International Bank for Reconstruction & Development (Supranational), 0.63%, 04/22/2025		50,000		48,315
JPMorgan Chase & Co.
2.18%, 06/01/2028^(d)		50,000		48,319
3.96%, 11/15/2048^(d)		50,000		52,809
Kreditanstalt fuer Wiederaufbau (Germany), 0.75%, 09/30/2030		50,000		45,406
Mitsubishi UFJ Financial Group, Inc. (Japan), 3.76%, 07/26/2023		50,000		51,386
Royal Bank of Canada (Canada), 2.05%, 01/21/2027		50,000		49,113
Sumitomo Mitsui Financial Group, Inc. (Japan), 3.54%, 01/17/2028		50,000		52,039
Toronto-Dominion Bank (The) (Canada), 0.45%, 09/11/2023		25,000		24,567
U.S. Bancorp, 3.38%, 02/05/2024		50,000		51,433
Wells Fargo & Co., 3.00%, 04/22/2026		50,000		50,841
Westpac Banking Corp. (Australia), 2.89%, 02/04/2030^(d)		50,000		49,451

				1,059,278

Diversified Capital Markets-0.12%
Deutsche Bank AG (Germany), 4.10%, 01/13/2026		25,000		26,122

Diversified Chemicals-0.23%
Dow Chemical Co. (The), 3.63%, 05/15/2026		50,000		52,264

Diversified Metals & Mining-0.23%
Glencore Funding LLC (Australia), 4.00%, 03/27/2027^(c)		50,000		51,913

Electric Utilities-1.92%
Berkshire Hathaway Energy Co., 4.05%, 04/15/2025		50,000		52,804


	Principal Amount		Value
Electric Utilities-(continued)
Cleveland Electric Illuminating Co. (The), 5.50%, 08/15/2024	$	42,000	$	45,346
Commonwealth Edison Co., 2.20%, 03/01/2030^(b)		25,000		23,897
Duke Energy Corp., 3.75%, 09/01/2046		50,000		47,799
Entergy Corp., 2.80%, 06/15/2030		25,000		24,053
Georgia Power Co., 4.30%, 03/15/2043		50,000		51,727
Pacific Gas and Electric Co., 4.95%, 07/01/2050 .		50,000		49,421
Southern California Edison Co., 2.25%, 06/01/2030		50,000		46,994
Virginia Electric & Power Co., Series B, 6.00%, 01/15/2036		25,000		31,727
Xcel Energy, Inc., 4.00%, 06/15/2028		50,000		53,067

				426,835

Environmental & Facilities Services-0.13%
Waste Management, Inc., 4.15%, 07/15/2049		25,000		27,902

Gas Utilities-0.13%
Southern California Gas Co., Series KK, 5.75%, 11/15/2035		25,000		29,983

General Merchandise Stores-0.23%
Target Corp., 3.50%, 07/01/2024		50,000		52,093

Health Care Equipment-0.14%
Abbott Laboratories, 4.90%, 11/30/2046		25,000		30,851

Health Care Facilities-0.24%
HCA, Inc., 5.00%, 03/15/2024		50,000		52,606

Health Care Services-0.33%
Cigna Corp., 3.20%, 03/15/2040		25,000		23,079
CVS Health Corp.
4.78%, 03/25/2038		25,000		27,940
5.05%, 03/25/2048		20,000		23,283

				74,302

Home Improvement Retail-0.15%
Home Depot, Inc. (The), 5.88%, 12/16/2036		25,000		33,067

Household Products-0.22%
Kimberly-Clark Corp., 2.88%, 02/07/2050^(b)		25,000		23,388
Procter & Gamble Co. (The), 3.00%, 03/25/2030		25,000		26,080

				49,468

Hypermarkets & Super Centers-0.21%
Walmart, Inc., 1.50%, 09/22/2028^(b)		50,000		47,684

Industrial Conglomerates-0.41%
3M Co., 3.70%, 04/15/2050		25,000		25,640
General Electric Co., 6.75%, 03/15/2032		50,000		64,587

				90,227

Industrial Machinery-0.07%
Trane Technologies Global Holding Co. Ltd., 4.25%, 06/15/2023^(b)		15,000		15,472

Insurance Brokers-0.36%
Aon PLC, 4.45%, 05/24/2043		50,000		54,144
Brown & Brown, Inc., 4.20%, 09/15/2024		25,000		26,006

				80,150

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Principal Amount		Value
Integrated Oil & Gas-0.93%
BP Capital Markets PLC (United Kingdom), 3.12%, 05/04/2026	$	50,000	$	50,886
Exxon Mobil Corp.
2.73%, 03/01/2023		50,000		50,573
4.33%, 03/19/2050		50,000		56,509
Shell International Finance B.V. (Netherlands), 2.75%, 04/06/2030		50,000		49,871

				207,839

Integrated Telecommunication Services-0.59%
AT&T, Inc., 1.65%, 02/01/2028		25,000		23,614
Verizon Communications, Inc.
5.01%, 04/15/2049		50,000		60,607
3.70%, 03/22/2061		50,000		47,702

				131,923

Internet & Direct Marketing Retail-0.22%
Amazon.com, Inc., 2.10%, 05/12/2031		50,000		48,131

Investment Banking & Brokerage-0.95%
Goldman Sachs Group, Inc. (The), 4.25%, 10/21/2025		125,000		131,451
Morgan Stanley
4.30%, 01/27/2045		25,000		27,178
Series F, 3.88%, 04/29/2024		50,000		51,714

				210,343

IT Consulting & Other Services-0.27%
International Business Machines Corp., 6.22%, 08/01/2004		50,000		59,361

Life & Health Insurance-0.74%
Athene Holding Ltd., 6.15%, 04/03/2030		50,000		58,846
MetLife, Inc., 6.40%, 12/15/2036		50,000		56,310
Prudential Financial, Inc., 5.20%, 03/15/2044^(d).		50,000		50,438

				165,594

Managed Health Care-0.41%
Anthem, Inc., 6.38%, 06/15/2037		50,000		66,510
UnitedHealth Group, Inc., 2.00%, 05/15/2030		25,000		23,619

				90,129

Movies & Entertainment-0.20%
TWDC Enterprises 18 Corp., 4.38%, 08/16/2041		30,000		33,306
Walt Disney Co. (The), 4.75%, 09/15/2044		10,000		11,595

				44,901

Multi-line Insurance-0.11%
Liberty Mutual Group, Inc., 3.95%, 05/15/2060^(c)		25,000		24,127

Multi-Sector Holdings-0.23%
Berkshire Hathaway, Inc., 2.75%, 03/15/2023		50,000		50,658

Office REITs-0.46%
Boston Properties L.P., 3.80%, 02/01/2024		100,000		102,887

Oil & Gas Exploration & Production-0.56%
Canadian Natural Resources Ltd. (Canada), 3.85%, 06/01/2027		50,000		52,233
ConocoPhillips, 4.95%, 03/15/2026		65,000		71,246

				123,479


	Principal Amount		Value
Oil & Gas Storage & Transportation-0.82%
Energy Transfer L.P.
3.90%, 05/15/2024	$	20,000	$	20,545
6.13%, 12/15/2045		50,000		56,116
Enterprise Products Operating LLC, 4.45%, 02/15/2043		50,000		51,681
TransCanada PipeLines Ltd. (Canada), 4.63%, 03/01/2034		50,000		54,585

				182,927

Other Diversified Financial Services-0.22%
Province of Quebec (Canada), 0.60%, 07/23/2025^(b)		50,000		48,013

Packaged Foods & Meats-0.27%
Tyson Foods, Inc., 5.10%, 09/28/2048		50,000		60,028

Paper Products-0.22%
Georgia-Pacific LLC, 2.30%, 04/30/2030^(c)		50,000		48,228

Pharmaceuticals-0.58%
Johnson & Johnson, 4.50%, 12/05/2043		50,000		58,719
Pfizer, Inc., 3.40%, 05/15/2024		25,000		25,918
Royalty Pharma PLC, 2.15%, 09/02/2031^(b)		50,000		44,776

				129,413

Railroads-0.44%
CSX Corp., 2.40%, 02/15/2030^(b)		50,000		48,738
Union Pacific Corp., 2.15%, 02/05/2027^(b)		50,000		49,474

				98,212

Regional Banks-0.44%
PNC Financial Services Group, Inc. (The), 3.15%, 05/19/2027^(b)		50,000		51,919
Truist Financial Corp., 1.13%, 08/03/2027		50,000		46,469

				98,388

Restaurants-0.24%
McDonald’s Corp., 4.20%, 04/01/2050		50,000		53,433

Semiconductors-0.61%
Broadcom, Inc., 3.19%, 11/15/2036^(c)		50,000		46,466
Intel Corp.
2.45%, 11/15/2029		50,000		48,856
3.73%, 12/08/2047		15,000		15,119
QUALCOMM, Inc., 3.25%, 05/20/2050		25,000		24,556

				134,997

Soft Drinks-0.46%
Coca-Cola Co. (The), 3.38%, 03/25/2027		50,000		52,773
PepsiCo, Inc., 2.63%, 07/29/2029		50,000		50,547

				103,320

Sovereign Debt-1.87%
Canada Government International Bond (Canada), 1.63%, 01/22/2025^(b)		60,000		59,930
Mexico Government International Bond (Mexico) 5.55%, 01/21/2045^(b)		60,000		65,655
5.75%, 10/12/2110		70,000		71,767
Panama Government International Bond (Panama), 8.88%, 09/30/2027		100,000		129,849

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Principal Amount		Value
Sovereign Debt-(continued)
Peruvian Government International Bond (Peru), 4.13%, 08/25/2027	$	50,000	$	52,786
Philippine Government International Bond (Philippines), 9.50%, 02/02/2030		25,000		35,957

				415,944

Specialized REITs-0.48%
American Tower Corp., 3.10%, 06/15/2050		50,000		41,904
Crown Castle International Corp., 2.50%, 07/15/2031		50,000		46,474
Equinix, Inc., 1.55%, 03/15/2028		20,000		18,418

				106,796

Specialty Chemicals-0.21%
International Flavors & Fragrances, Inc., 3.27%, 11/15/2040^(c)		50,000		46,132

Steel-0.10%
Steel Dynamics, Inc., 3.25%, 10/15/2050		25,000		22,188

Systems Software-0.32%
Microsoft Corp., 3.70%, 08/08/2046		25,000		26,880
Oracle Corp., 3.60%, 04/01/2040		50,000		45,245

				72,125

Technology Hardware, Storage & Peripherals-0.21%
Apple, Inc., 1.65%, 02/08/2031		50,000		46,507

Tobacco-0.14%
Philip Morris International, Inc., 4.38%, 11/15/2041		30,000		31,132

Trading Companies & Distributors-0.22%
Air Lease Corp., 3.13%, 12/01/2030		50,000		48,223

Water Utilities-0.11%
American Water Capital Corp., 3.45%, 05/01/2050		25,000		24,035

Wireless Telecommunication Services-0.35%
T-Mobile USA, Inc., 3.88%, 04/15/2030		75,000		77,597

Total U.S. Dollar Denominated Bonds & Notes (Cost $6,519,001)				6,245,538


U.S. Government Sponsored Agency Mortgage-Backed Securities-23.89%
Federal Farm Credit Bank (FFCB)-0.22%
0.88%, 11/18/2024		50,000		49,010

Federal Home Loan Bank (FHLB)-0.46%
2.13%, 06/09/2023		100,000		101,068

Federal Home Loan Mortgage Corp. (FHLMC)-6.96%
0.38%, 09/23/2025		50,000		47,664
2.50%, 09/01/2028 to 06/01/2050		313,660		312,448
3.00%, 11/01/2028 to 09/01/2049		110,923		113,211
2.00%, 05/01/2036 to 12/01/2051		665,683		643,893
1.50%, 10/01/2036 to 04/01/2051		187,872		176,561
3.50%, 02/01/2043 to 10/01/2047		99,683		104,473
4.00%, 08/01/2047 to 09/01/2049		66,620		70,016
4.50%, 03/01/2049 to 06/01/2050		45,406		48,245
Series 1, 0.00%, 11/15/2038^(e)		50,000		32,317

				1,548,828

Federal National Mortgage Association (FNMA)-10.83%
2.63%, 09/06/2024		100,000		102,654


	Principal Amount		Value
Federal National Mortgage Association (FNMA)-(continued)
0.75%, 10/08/2027	$	60,000	$	56,472
3.50%, 12/01/2028 to 07/01/2048		257,462		268,203
2.50%, 02/01/2032 to 11/01/2051		606,176		603,607
2.00%, 09/01/2035 to 03/01/2052		711,769		688,109
1.50%, 02/01/2036 to 02/01/2051		90,406		85,949
3.00%, 08/01/2040 to 10/01/2050		342,721		348,437
4.00%, 09/01/2047 to 09/01/2050		113,439		119,089
5.00%, 05/01/2048 to 07/01/2049		69,445		75,963
4.50%, 04/01/2049		55,094		59,193

				2,407,676

Government National Mortgage Association (GNMA)-5.42%
3.50%, 04/20/2033 to 03/20/2050		174,065		182,012
4.00%, 11/15/2046 to 05/20/2050		128,983		136,082
3.00%, 11/20/2046 to 07/20/2051		280,600		286,624
5.00%, 05/20/2048		13,935		14,877
2.50%, 06/20/2049 to 08/20/2051		242,957		243,535
4.50%, 07/20/2049		19,792		20,801
2.00%, 09/20/2050 to 11/20/2051		328,661		322,179

				1,206,110

Total U.S. Government Sponsored Agency Mortgage- Backed Securities (Cost $5,469,398)				5,312,692


Asset-Backed Securities-3.29%
Capital One Multi-Asset Execution Trust, Series 2019-A3, Class A3, 2.06%, 08/15/2028		50,000		49,315
Commercial Mortgage Trust, Series 2015-CR22, Class A5, 3.31%, 03/10/2048		100,000		102,242
Ford Credit Auto Owner Trust, Series 2019-1, Class A, 3.52%, 07/15/2030^(c)		100,000		103,081
Navient Private Education Refi Loan Trust, Series 2021-CA, Class A, 1.06%, 10/15/2069^(c)		77,530		75,182
Verizon Owner Trust, Series 2020-B, Class A, 0.47%, 02/20/2025		50,000		49,572
Wells Fargo Commercial Mortgage Trust
Series 2015-LC20, Class B, 3.72%, 04/15/2050		100,000		100,167
Series 2015-NXS2, Class A4, 3.50%, 07/15/2058		200,000		203,173
WFRBS Commercial Mortgage Trust, Series 2012-C9, Class C, 4.54%, 11/15/2045^(f)		50,000		49,888

Total Asset-Backed Securities (Cost $746,977)				732,620


Municipal Obligations-0.71%
California (State of), Series 2009, GO Bonds, 7.55%, 04/01/2039 (Cost $146,313)		100,000		157,462

See accompanying Notes to Financial Statements which are an integral part of the financial statements.


	Shares		Value
Money Market Funds-(continued)
Invesco Private Prime Fund, 0.08%^(g)(h)(i)		549,350	$	549,405

Total Investments Purchased with Cash Collateral from Securities on Loan (Cost $784,875)				784,864

TOTAL INVESTMENTS IN SECURITIES-103.14% (Cost $23,578,718)				22,939,310
OTHER ASSETS LESS LIABILITIES-(3.14)%				(699,294	)

NET ASSETS-100.00%			$	22,240,016

See accompanying Notes to Financial Statements which are an integral part of the financial statements.

Invesco Exchange-Traded Fund Trust II (the “Trust”) was organized as a Massachusetts business trust and is authorized to have multiple series of portfolios. The Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”). This report includes the following portfolios:

Each portfolio (each, a “Fund”, and collectively, the “Funds”) represents a separate series of the Trust. The shares of the Funds are referred to herein as “Shares” or “Fund’s Shares.” Each Fund’s Shares are listed and traded on Cboe BZX Exchange, Inc.

The market price of each Share may differ to some degree from a Fund’s net asset value (“NAV”). Unlike conventional mutual funds, each Fund issues and redeems Shares on a continuous basis, at NAV, only in a large specified number of Shares, each called a “Creation Unit.” Creation Units are issued and redeemed principally in exchange for the deposit or delivery of a basket of securities (“Deposit Securities”). Except when aggregated in Creation Units by Authorized Participants, the Shares are not individually redeemable securities of the Funds.

The investment objective of each Fund is to seek to track the investment results (before fees and expenses) of its respective index listed below (each, an “Underlying Index”):

The following is a summary of the significant accounting policies followed by the Funds in preparation of their financial statements.

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

A security listed or traded on an exchange (except convertible securities) is generally valued at its last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded or, lacking any sales or official closing price on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market are valued based on prices furnished by independent pricing services or market makers. When such securities are valued by an independent pricing service they may be considered fair valued. Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and asked prices from the exchange on which they are principally traded, or at the final settlement price set by such exchange. Swaps and options not listed on an exchange are valued by an independent source. For purposes of determining NAV per Share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).

Investment companies are valued using such company’s NAV per share, unless the shares are exchange-traded, in which case they are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.

Debt obligations (including convertible securities) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate (for unlisted equities), yield (for debt obligations), quality, type of issue, coupon rate (for debt obligations), maturity (for debt obligations), individual trading characteristics and other market data. Securities with a demand feature exercisable within one to seven days are valued at par. Pricing services generally value debt obligations assuming orderly transactions of institutional round lot size, but a Fund may hold or transact in the same

securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots. Debt obligations are subject to interest rate and credit risks. In addition, all debt obligations involve some risk of default with respect to interest and/or principal payments.

Foreign securities’ (including foreign exchange contracts’) prices are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the London world markets. If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that Invesco Capital Management LLC (the “Adviser”) determines are significant and make the closing price unreliable, a Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trades is not the current value as of the close of the NYSE. Foreign securities’ prices meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, the potential for sharply devalued currencies and high inflation, political and economic upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.

Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value exchange-traded equity securities. The mean between the last bid and asked prices may be used to value debt obligations, including corporate loans, and unlisted equity securities.

Securities for which market quotations are not readily available or became unreliable are valued at fair value as determined in good faith following procedures approved by the Board of Trustees. Issuer-specific events, market trends, bid/asked quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.

Each Fund may invest in securities that are subject to interest rate risk, meaning the risk that the prices will generally fall as interest rates rise and, conversely, the prices will generally rise as interest rates fall. Specific securities differ in their sensitivity to changes in interest rates depending on their individual characteristics. Changes in interest rates may result in increased market volatility, which may affect the value and/or liquidity of certain Fund investments.

Valuations change in response to many factors, including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general market conditions which are not specifically related to the particular issuer, such as real or perceived adverse economic conditions, changes in the general outlook for revenues or corporate earnings, changes in interest or currency rates, regional or global instability, natural or environmental disasters, widespread disease or other public health issues, war, acts of terrorism or adverse investor sentiment generally and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The Funds may periodically participate in litigation related to each Fund’s investments. As such, the Funds may receive proceeds from litigation settlements. Any proceeds received are included in the Statements of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.

Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statements of Operations and the Statements of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of each Fund’s NAV and, accordingly, they reduce each

Fund’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statements of Operations and the Statements of Changes in Net Assets, or the net investment income per share and the ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between each Fund and the Adviser.

Each Fund recognizes the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained. Management has analyzed each Fund’s uncertain tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions. Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are primarily due to differing book and tax treatments for in-kind transactions, losses deferred due to wash sales, and passive foreign investment company adjustments, if any.

The Funds file U.S. federal tax returns and tax returns in certain other jurisdictions. Generally, a Fund is subject to examinations by such taxing authorities for up to three years after the filing of the return for the tax period.

Expenses of the Trust that are excluded from a Fund’s unitary management fee and are directly identifiable to a specific Fund are applied to that Fund. Expenses of the Trust that are excluded from a Fund’s unitary management fee and are not readily identifiable to a specific Fund are allocated in such a manner as deemed equitable, taking into consideration the nature and type of expense and the relative net assets of each Fund.

To the extent a Fund invests in other investment companies, the expenses shown in the accompanying financial statements reflect the expenses of the Fund and do not include any expenses of the investment companies in which it invests. The effects of such investment companies’ expenses are included in the realized and unrealized gain or loss on the investments in the investment companies.

indemnification clauses. The Trust’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. The risk of material loss as a result of such indemnification claims is considered remote.

On September 14, 2021, the Board of Trustees appointed Invesco Advisers, Inc. (“Invesco”), an affiliate of the Adviser, to serve as an affiliated securities lending agent for each Fund participating in the securities lending program. The Bank of New York Mellon (“BNYM”) also continues to serve as a lending agent. Prior to September 14, 2021, BNYM served as the sole securities lending agent for each Fund under the securities lending program. To the extent a Fund utilizes Invesco as an affiliated securities lending agent, the Fund conducts its securities lending in accordance with, and in reliance upon, no-action letters issued by the SEC staff that provide guidance on how an affiliate may act as a direct agent lender and receive compensation for those services in a manner consistent with the federal securities laws. For the period, September 14, 2021 through February 28, 2022, each Fund (except for PureBeta US Aggregate Bond ETF) had affiliated securities lending transactions with Invesco. The PureBeta MSCI USA ETF paid Invesco $578 in fees for securities lending agent services. The fees paid to Invesco by the PureBeta MSCI USA Small Cap ETF were less than $500.

Each Fund may invest in foreign securities, which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable. Foreign taxes, if any, are recorded based on the tax regulations and rates that exist in the foreign markets in which a Fund invests.

Authorized Participant Concentration Risk. Only authorized participants (“APs”) may engage in creation or redemption transactions directly with each Fund. Each Fund has a limited number of institutions that may act as APs, and such APs have no obligation to submit creation or redemption orders. Consequently, there is no assurance that APs will establish or maintain an active trading market for the Shares. This risk may be heightened to the extent that securities held by each Fund are traded outside a collateralized settlement system. In that case, APs may be required to post collateral on certain trades on an agency basis (i.e., on behalf of other market participants), which only a limited number of APs may be able to do. In addition,

to the extent that APs exit the business or are unable to proceed with creation and/or redemption orders with respect to each Fund and no other AP is able to step forward to create or redeem Creation Units, this may result in a significantly diminished trading market for Fund Shares, and Shares may be more likely to trade at a premium or discount to a Fund’s NAV and to face trading halts and/or delisting. Investments in non-U.S. securities, which may have lower trading volumes, may increase this risk.

Call Risk. If interest rates fall, it is possible that issuers of callable securities with high interest coupons will “call” (or prepay) their bonds before their maturity date. If an issuer exercises such a call during a period of declining interest rates, a Fund may have to replace such called security with a lower yielding security. If that were to happen, such Fund’s net investment income could fall.

Changing U.S. Fixed-Income Market Conditions Risk. The historically low interest rate environment observed over the past several years was created in part by the Federal Reserve Board (“FRB”) keeping the federal funds rates at, near or below zero. In recent years, the FRB began “tapering” its quantitative easing program, leading to fluctuations in the Federal Funds Rate. However, in response to the impact of the COVID-19 pandemic, in March 2020 the FRB announced cuts to the Federal Funds Rate and a new round of quantitative easing. Because there is little precedent for this situation, it is difficult to predict the impact of these rate changes and any future rate changes on various markets. Any additional changes to the monetary policy by the FRB or other regulatory actions may affect interest rates and/or reduce liquidity for fixed-income investments, particularly those with longer maturities. In addition, decreases in fixed-income dealer market-making capacity may also potentially lead to heightened volatility and reduced liquidity in the fixed-income markets. As a result, the value of a Fund’s investments and share price may decline. Changes in FRB policies could also result in higher than normal shareholder redemptions, which could potentially increase a Fund’s portfolio turnover rate and transaction costs.

Equity Risk. Equity risk is the risk that the value of equity securities, including common stocks, may fall due to both changes in general economic conditions that impact the market as a whole, as well as factors that directly relate to a specific company or its industry. Such general economic conditions include changes in interest rates, periods of market turbulence or instability, or general and prolonged periods of economic decline and cyclical change. It is possible that a drop in the stock market may depress the price of most or all of the common stocks that each Fund holds. In addition, equity risk includes the risk that investor sentiment toward one or more industries will become negative, resulting in those investors exiting their investments in those industries, which could cause a reduction in the value of companies in those industries more broadly. The value of a company’s common stock may fall solely because of factors, such as an increase in production costs that negatively impact other companies in the same region, industry or sector of the market. A company’s common stock also may decline significantly in price over a short period of time due to factors specific to that company, including decisions made by its management or lower demand for the company’s products or services. For example, an adverse event, such as an unfavorable earnings report or the failure to make anticipated dividend payments, may depress the value of common stock.

Fixed-Income Securities Risk. Fixed-income securities are subject to interest rate risk and credit risk. Interest rate risk refers to fluctuations in the value of a fixed-income security resulting from changes in the general level of interest rates. When the general level of interest rates goes up, the prices of most fixed-income securities go down. When the general level of interest rates goes down, the prices of most fixed-income securities go up. Fixed-income securities with longer maturities typically are more sensitive to changes in interest rates, making them more volatile than securities with shorter maturities. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. Debt instruments are subject to varying degrees of credit risk, which may be reflected in credit ratings. There is a possibility that the credit rating of a fixed-income security may be downgraded after purchase, which may occur quickly and without advance warning following sudden market downturns or unexpected developments involving an issuer, and which may adversely affect the liquidity and value of the security.

Index Risk. Unlike many investment companies, each Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, a Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from its Underlying Index, even if that security generally is underperforming. Additionally, each Fund rebalances its portfolio in accordance with its Underlying Index, and, therefore, any changes to the Underlying Index’s rebalance schedule will result in corresponding changes to each Fund’s rebalance schedule.

Industry Concentration Risk. In following its methodology, each Fund’s Underlying Index from time to time may be concentrated to a significant degree in securities of issuers operating in a single industry or industry group. To the extent that each Underlying Index concentrates in the securities of issuers in a particular industry or industry group, the corresponding Fund will also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or industry group, each Fund may face more risks than if it were diversified broadly over numerous industries or industry groups. Such industry-based risks, any of which may adversely affect the companies in which each Fund invests, may include, but are not limited to, the following: general economic conditions or cyclical market patterns that could negatively affect supply and demand in a particular industry; competition for resources, adverse labor relations, political or world events; obsolescence of technologies; and increased competition or new product introductions that may affect the profitability or viability of companies in an industry. In addition, at times, such industry or industry group may be out of favor and underperform other industries or the market as a whole.

Liquidity Risk. Liquidity risk exists when a particular investment is difficult to purchase or sell. If a Fund invests in illiquid securities or current portfolio securities become illiquid, it may reduce the returns of the Fund because the Fund may be unable to sell the illiquid securities at an advantageous time or price.

Mortgage-Backed and Asset-Backed Securities Risk. For certain Funds, investments in mortgage- and asset-backed securities are subject to call (prepayment) risk, reinvestment risk and extension risk. In addition, these securities are susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality of its issuer or guarantor, and the nature and structure of its credit support. For example, the risk of default generally is higher in the case of mortgage pools that include subprime mortgages, which are loans made to borrowers with weakened credit histories or with lower capacity to make timely mortgage payments.

Non-Correlation Risk. Each Fund’s return may not match the return of its corresponding Underlying Index for a number of reasons. For example, each Fund incurs operating expenses not applicable to the Underlying Index, and incurs costs in buying and selling securities, especially when rebalancing the Fund’s securities holdings to reflect changes in the composition of its corresponding Underlying Index. Additionally, a Fund’s use of a representative sampling approach may cause the Fund not to be as well-correlated with the return of its corresponding Underlying Index as would be the case if the Fund purchased all of the securities in its corresponding Underlying Index in the proportions represented in the Underlying Index. In addition, the performance of each Fund and its corresponding Underlying Index may vary due to asset valuation differences and differences between each Fund’s portfolio and its corresponding Underlying Index resulting from legal restrictions, costs or liquidity constraints.

Sampling Risk. Certain Funds’ use of a representative sampling approach may result in the Fund holding a smaller number of securities than are in its respective Underlying Index. As a result, an adverse development with respect to an issuer of securities held by the Fund could result in a greater decline in NAV than would be the case if the Fund held all of the securities in its Underlying Index. To the extent the assets in the Fund are smaller, these risks will be greater.

Small- and Mid-Capitalization Company Risk. Investing in securities of small- and mid-capitalization companies involves greater risk than customarily is associated with investing in larger, more established companies. These companies’ securities may be more volatile and less liquid than those of more established companies. These securities may have returns that vary, sometimes significantly, from the overall securities market. Often small- and mid-capitalization companies and the industries in which they focus are still evolving and, as a result, they may be more sensitive to changing market conditions.

U.S. Government Obligation Risk. Certain Funds may invest in U.S. government obligations issued or guaranteed by the U.S. Government, its agencies and instrumentalities, including bills, notes and bonds issued by the U.S. Treasury. U.S. Government securities include securities that are issued or guaranteed by the United States Treasury, by various agencies of the U.S. Government, or by various instrumentalities which have been established or sponsored by the U.S. Government. U.S. Treasury securities are backed by the “full faith and credit” of the United States. Securities issued or guaranteed by federal agencies and U.S. Government-sponsored instrumentalities may or may not be backed by the full faith and credit of the United States. In the case of those U.S. Government securities not backed by the full faith and credit of the United States, the investor must look principally to the agency or instrumentality issuing or guaranteeing the security for ultimate repayment, and may not be able to assert a claim against the United States itself in the event that the agency or instrumentality does not meet its commitment. The U.S. Government, its agencies and instrumentalities do not guarantee the market value of their securities, and consequently, the value of such securities may fluctuate. Additionally, from time to time, uncertainty regarding the status of negotiations in the U.S. Government to increase the statutory debt limit, commonly called the “debt ceiling”, could increase the risk that the U.S. Government may default on payments on certain U.S. Government securities, cause the credit rating of the U.S. Government to be downgraded, increase volatility in the stock and bond markets, result in higher interest rates, reduce prices of U.S. Treasury securities, and/or increase the costs of various kinds of debt. If a U.S. Government-sponsored entity is negatively impacted by legislative or regulatory action, is unable to meet its obligations, or its creditworthiness declines, the performance of a Fund that holds securities of that entity will be adversely impacted.

COVID-19 Risk. The COVID-19 strain of coronavirus has resulted in instances of market closures and dislocations, extreme volatility, liquidity constraints and increased trading costs. Efforts to contain its spread have resulted in travel restrictions, disruptions of healthcare systems, business operations (including business closures) and supply chains, layoffs, lower consumer demand and employee availability, and defaults and credit downgrades, among other significant economic impacts that have disrupted global economic activity across many industries. Such economic impacts may exacerbate other pre-existing political, social and economic risks locally or globally and cause general concern and uncertainty.

The full economic impact and ongoing effects of COVID-19 (or other future epidemics or pandemics) at the macro-level and on individual businesses are unpredictable and may result in significant and prolonged effects on the Funds’ performance.

The Trust has entered into an Investment Advisory Agreement with the Adviser on behalf of each Fund, pursuant to which the Adviser has overall responsibility for the selection and ongoing monitoring of the Funds’ investments, managing the Funds’ business affairs and providing certain clerical, bookkeeping and other administrative services.

Pursuant to the Investment Advisory Agreement, each Fund accrues daily and pays monthly to the Adviser an annual unitary management fee. Out of the unitary management fee, the Adviser has agreed to pay for substantially all expenses of the Funds, including the cost of transfer agency, custody, fund administration, legal, audit and other services, except for distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of any Board member who is an “interested person” of the Trust, or (iii) any other matters that directly benefit the Adviser). The unitary management fee is paid by each Fund to the Adviser at the following annual rates:

Further, through at least August 31, 2023, the Adviser has contractually agreed to waive the management fee payable by each Fund in an amount equal to the lesser of: (i) 100% of the net advisory fees earned by the Adviser or an affiliate of the Adviser that are attributable to the Fund’s investments in money market funds that are managed by affiliates of the Adviser and other funds (including ETFs) managed by the Adviser or affiliates of the Adviser or (ii) the management fee available to be waived. These waivers do not apply to a Fund’s investment of cash collateral received for securities lending. There is no guarantee that the Adviser will extend the waiver of these fees past that date.

For the six months ended February 28, 2022, the Adviser waived fees for each Fund in the following amounts:

The Trust has entered into a Distribution Agreement with Invesco Distributors, Inc. (the “Distributor”), which serves as the distributor of Creation Units for each Fund. The Distributor does not maintain a secondary market in the Shares. The Funds are not charged any fees pursuant to the Distribution Agreement. The Distributor is an affiliate of the Adviser.

The Adviser has entered into a licensing agreement for each Fund with the following entities (each, a “Licensor”):

Each Underlying Index name trademark is owned by its respective Licensor. These trademarks have been licensed to the Adviser for use by the Funds. Each Fund is entitled to use its Underlying Index pursuant to the Trust’s sub-licensing agreement with the Adviser. The Funds are not sponsored, endorsed, sold or promoted by the Licensors, and the Licensors make no representation regarding the advisability of investing in any of the Funds.

The Trust has entered into service agreements whereby BNYM, a wholly-owned subsidiary of The Bank of New York Mellon Corporation, serves as the administrator, custodian, fund accountant and transfer agent for each Fund.

For the six months ended February 28, 2022, the following Funds incurred brokerage commissions with Invesco Capital Markets, Inc. (“ICMI”), an affiliate of the Adviser and Distributor, for portfolio transactions executed on behalf of the Funds, as listed below:

Portfolio transactions with ICMI that have not settled at period-end, if any, are shown in the Statements of Assets and Liabilities under the receivable caption Investments sold - affiliated broker and/or payable caption Investments purchased - affiliated broker.

GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:

The following is a summary of the tiered valuation input levels, as of February 28, 2022. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

The amount and character of income and gains to be distributed are determined in accordance with federal income tax regulations, which may differ from GAAP. Reclassifications are made to the Funds’ capital accounts to reflect income and gains available for distribution (or available capital loss carryforwards) under federal income tax regulations. The tax character of distributions paid during the year and the tax components of net assets will be reported at the Funds’ fiscal year-end.

Capital loss carryforwards are calculated and reported as of a specific date. Results of transactions and other activity after that date may affect the amount of capital loss carryforwards actually available for the Funds to utilize. The ability to utilize capital loss carryforwards in the future may be limited under the Internal Revenue Code and related regulations based on the results of future transactions.

For the six months ended February 28, 2022, the cost of securities purchased and the proceeds from sales of securities (other than short-term securities, U.S. Government obligations, money market funds and in-kind transactions, if any) were as follows:

For the six months ended February 28, 2022, in-kind transactions associated with creations and redemptions were as follows:

Gains (losses) on in-kind transactions are generally not considered taxable gains (losses) for federal income tax purposes. At February 28, 2022, the aggregate cost of investments, including any derivatives, on a tax basis includes adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end:

Trustees’ and Officer’s Fees include amounts accrued by the Funds to pay remuneration to the Independent Trustees and an Officer of the Trust. The Adviser, as a result of each Fund’s unitary management fee, pays for such compensation for the Funds. The Trustee who is an “interested person” of the Trust does not receive any Trustees’ fees.

The Trust has adopted a deferred compensation plan (the “Plan”). Under the Plan, each Independent Trustee who has executed a Deferred Fee Agreement (a “Participating Trustee”) may defer receipt of all or a portion of their compensation (“Deferral Fees”). Such Deferral Fees are deemed to be invested in select Invesco ETFs. The Deferral Fees payable to a Participating Trustee are valued as of the date such Deferral Fees would have been paid to a Participating Trustee. The value increases with contributions or with increases in the value of the Shares selected, and the value decreases with distributions or with declines in the value of the Shares selected. Obligations under the Plan represent unsecured claims against the general assets of the Funds.

Shares are issued and redeemed by each Fund only in Creation Units consisting of a specified number of Shares as set forth in each Fund’s prospectus. Only Authorized Participants are permitted to purchase or redeem Creation Units from the Funds. Such transactions are principally permitted in exchange for Deposit Securities, with a balancing cash component to equate the transaction to the NAV per Share of a Fund on the transaction date. However, for all Funds, cash in an amount equivalent to the value of certain securities may be substituted, generally when the securities are not available in sufficient quantity for delivery, not eligible for trading by the Authorized Participant or as a result of other market circumstances.

To the extent that the Funds permit transactions in exchange for Deposit Securities, each Fund may issue Shares in advance of receipt of Deposit Securities subject to various conditions, including a requirement to maintain on deposit with the Trust cash at least equal to 105% of the market value of the missing Deposit Securities. In accordance with the Trust’s Participant Agreement, Creation Units will be issued to an Authorized Participant, notwithstanding the fact that the corresponding Deposit Securities have not been received in part or in whole, in reliance on the undertaking of the Authorized Participant to deliver the missing Deposit Securities as soon as possible, which undertaking shall be secured by the Authorized Participant’s delivery and maintenance of collateral consisting of cash in the form of U.S. dollars in immediately available funds having a value (marked-to-market daily) at least equal to 105%, which the Adviser may change from time to time, of the value of the missing Deposit Securities.

Certain transaction fees may be charged by the Funds for creations and redemptions, which are treated as increases in capital.

Transactions in each Fund’s Shares are disclosed in detail in the Statements of Changes in Net Assets.

As a shareholder of a Fund of the Invesco Exchange-Traded Fund Trust II, you incur a unitary management fee. In addition to the unitary management fee, a shareholder may pay distribution fees, if any, brokerage expenses, taxes, interest, acquired fund fees and expenses, if any, litigation expenses and other extraordinary expenses, including proxy expenses (except for such proxies related to: (i) changes to the Investment Advisory Agreement, (ii) the election of any Board member who is an “interested person” of the Trust, or (iii) any other matters that directly benefit the Adviser). The expense examples below are intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held through the six-month period ended February 28, 2022.

The first line in the following table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading “Expenses Paid During the Six-Month Period” to estimate the expenses you paid on your account during this period.

The second line in the following table provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed annualized rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs, such as sales charges and brokerage commissions. Therefore, the second line in the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, expenses shown in the table do not include the expenses of the underlying funds, which are borne indirectly by a Fund. If transaction costs and indirect expenses were included, your costs would have been higher.

A description of the Trust’s proxy voting policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available, without charge and upon request, by calling (800) 983-0903. This information is also available on the Securities and Exchange Commission’s (the “Commission”) website at www.sec.gov.

Information regarding how each Fund voted proxies for portfolio securities, if applicable, during the most recent 12-month period ended June 30, is available, without charge and upon request, by (i) calling (800) 983-0903; or (ii) accessing the Trust’s Form N-PX on the Commission’s website at www.sec.gov.

The Trust files its complete schedule of portfolio holdings for the Funds with the Commission for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The Forms N-PORT are available on the Commission’s website at www.sec.gov.

A table showing the number of days the market price of each Fund’s shares was greater than the Fund’s net asset value, and the number of days it was less than the Fund’s net asset value (i.e., premium or discount) for the most recently completed calendar year, and the calendar quarters since that year end (or the life of the Fund, if shorter) may be found at the Fund’s website at www.invesco.com/ETFs.


		Invesco Semi-Annual Report to Shareholders
		February 28, 2022
		PBUS		Invesco PureBeta^SMMSCI USA ETF

		PBSM		Invesco PureBeta^SMMSCI USA Small Cap ETF

		PBND		Invesco PureBeta^SMUS Aggregate Bond ETF


	Value August 31, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value February 28, 2022			Dividend Income
Invesco Ltd.		$	462,824		$	132,131		$	(53,494	)		$	(87,190	)		$	(5,725	)		$	448,546		$	7,551

Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class			-			24,102,424			(24,102,424	)			-				-				-			141

Investments Purchased with Cash Collateral from Securities on Loan:
Invesco Private Government Fund			3,815,320			81,244,049			(65,305,696	)			-				-				19,753,673			1,737	*
Invesco Private Prime Fund			9,010,612			181,178,005			(144,086,520	)			(4,921	)			(5,272	)			46,091,904			12,965	*

Total		$	13,288,756		$	286,656,609		$	(233,548,134	)		$	(92,111	)		$	(10,997	)		$	66,294,123		$	22,394


Schedules of Investments

Invesco PureBeta^SMMSCI USA ETF (PBUS)			3

Invesco PureBeta^SMMSCI USA Small Cap ETF (PBSM)			10

Invesco PureBeta^SMUS Aggregate Bond ETF (PBND)			28

Statements of Assets and Liabilities			35

Statements of Operations			36

Statements of Changes in Net Assets			38

Financial Highlights			40

Notes to Financial Statements			43

Fund Expenses			52



Information Technology			28.82

Health Care			13.18

Consumer Discretionary			11.88

Financials			11.26

Communication Services			9.60

Industrials			7.83

Consumer Staples			6.02

Energy			3.48

Sector Types Each Less Than 3%			7.83

Money Market Funds Plus Other Assets Less Liabilities			0.10


	Value August 31, 2021			Purchases at Cost			Proceeds from Sales				Change in Unrealized Appreciation (Depreciation)				Realized Gain (Loss)				Value February 28, 2022			Dividend Income
Invesco Mortgage Capital, Inc.		$	7,142		$	2,002		$	(2,307	)		$	(2,024	)		$	(89	)		$	4,724		$	396

Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class			-			727,486			(727,486	)			-				-				-			4

Investments Purchased with Cash Collateral from Securities on Loan:
Invesco Private Government Fund			1,052,576			2,865,003			(2,319,656	)			-				-				1,597,923			182	*
Invesco Private Prime Fund			2,456,004			6,231,138			(4,922,489	)			(346	)			(598	)			3,763,709			1,519	*

Total		$	3,515,722		$	9,825,629		$	(7,971,938	)		$	(2,370	)		$	(687	)		$	5,366,356		$	2,101



Industrials			16.37

Financials			16.27

Consumer Discretionary			13.81

Information Technology			13.38

Health Care			12.43

Real Estate			8.95

Materials			5.39

Energy			4.96

Consumer Staples			3.66

Sector Types Each Less Than 3%			4.71

Money Market Funds Plus Other Assets Less Liabilities			0.07


	Shares		Value
Money Market Funds-0.21%
Invesco Government & Agency Portfolio, Institutional Class, 0.03%^(g)(h)(Cost $47,750)		47,750	$	47,750

TOTAL INVESTMENTS IN SECURITIES (excluding investments purchased with cash collateral from securities on loan)-99.61% (Cost $22,793,843)				22,154,446


Investments Purchased with Cash Collateral from Securities on Loan
Money Market Funds-3.53%
Invesco Private Government Fund, 0.12%^(g)(h)(i)		235,459		235,459


	Value August 31, 2021		Purchases at Cost		Proceeds from Sales		Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value February 28, 2022		Dividend Income

Investments in Affiliated Money Market Funds:

Invesco Government & Agency Portfolio, Institutional Class		$516,374		$2,112,240		$(2,580,864)		$-		$-		$47,750		$18

Investments Purchased with Cash Collateral from Securities on Loan:

Invesco Private Government Fund		245,544		2,092,306		(2,102,391)		-		-		235,459		33*

Invesco Private Prime Fund		572,937		3,481,844		(3,505,194)		(11)		(171)		549,405		292*


Total		$1,334,855		$7,686,390		$(8,188,449)		$(11)		$(171)		$832,614		$343




U.S. Treasury Securities			43.43

U.S. Dollar Denominated Bonds & Notes			28.08

U.S. Government Sponsored Agency Mortgage-Backed Securities			23.89

Asset-Backed Securities			3.29

Municipal Obligations			0.71

Money Market Funds Plus Other Assets Less Liabilities			0.60


	Invesco PureBeta^SMMSCI USA ETF (PBUS)			Invesco PureBeta^SMMSCI USA Small Cap ETF (PBSM)			Invesco PureBeta^SMUS Aggregate Bond ETF (PBND)
Assets:
Unaffiliated investments in securities, at value^(a)		$	2,405,262,929		$	35,485,960		$	22,106,696
Affiliated investments in securities, at value			66,294,123			5,366,356			832,614
Cash			-			16,106			-
Receivable for:
Dividends and interest			3,241,671			21,566			105,147
Securities lending			10,385			1,971			104
Investments sold			4,802,081			131,563			523,418
Investments sold - affiliated broker			5,026,097			123,925			-

Total assets			2,484,637,286			41,147,447			23,567,979


Liabilities:
Due to custodian			1,550,746			-			-
Payable for:
Investments purchased			4,253,260			243,706			542,236
Investments purchased - affiliated broker			4,814,654			26,109			-
Collateral upon return of securities loaned			65,850,498			5,361,978			784,875
Fund shares repurchased			14,435			-			-
Accrued unitary management fees			80,862			1,600			852

Total liabilities			76,564,455			5,633,393			1,327,963

Net Assets		$	2,408,072,831		$	35,514,054		$	22,240,016


Net assets consist of:
Shares of beneficial interest		$	2,271,575,988		$	35,499,367		$	22,856,309
Distributable earnings (loss)			136,496,843			14,687			(616,293	)

Net Assets		$	2,408,072,831		$	35,514,054		$	22,240,016

Shares outstanding (unlimited amount authorized, $0.01 par value)			54,700,001			975,001			900,001
Net asset value		$	44.02		$	36.42		$	24.71

Market price		$	43.98		$	36.47		$	24.68

Unaffiliated investments in securities, at cost		$	2,300,115,378		$	38,179,537		$	22,746,093

Affiliated investments in securities, at cost		$	66,388,405		$	5,369,723		$	832,625

^(a)Includes securities on loan with an aggregate value of:		$	64,364,486		$	5,260,207		$	772,651


	Invesco PureBeta^SM
	MSCI USA ETF (PBUS)
	Six Months Ended			Year Ended
	February 28,			August 31,
	2022			2021
Operations:
Net investment income	$	16,119,446		$	12,346,118
Net realized gain		26,566,545			4,494,280
Change in net unrealized appreciation (depreciation)		(167,304,133	)		270,255,033

Net increase (decrease) in net assets resulting from operations		(124,618,142	)		287,095,431


Distributions to Shareholders from:
Distributable earnings		(15,310,385	)		(7,694,515	)


Shareholder Transactions:
Proceeds from shares sold		619,275,179			1,901,249,143
Value of shares repurchased		(245,475,403	)		(15,303,140	)

Net increase (decrease) in net assets resulting from share transactions		373,799,776			1,885,946,003

Net increase (decrease) in net assets		233,871,249			2,165,346,919


Net assets:
Beginning of period		2,174,201,582			8,854,663

End of period	$	2,408,072,831		$	2,174,201,582


Changes in Shares Outstanding:
Shares sold		13,275,000			47,225,000
Shares repurchased		(5,700,000	)		(350,000	)
Shares outstanding, beginning of period		47,125,001			250,001

Shares outstanding, end of period		54,700,001			47,125,001


Invesco PureBeta^SM						Invesco PureBeta^SM
MSCI USA Small Cap ETF (PBSM)						US Aggregate Bond ETF (PBND)
Six Months Ended		Year Ended				Six Months Ended				Year Ended
February 28,		August 31,				February 28,				August 31,
2022		2021				2022				2021

	$ 243,590		$	262,673			$	189,893			$	349,918
	3,133,162			1,252,810				58,696				952,648
	(6,063,774)			2,882,970				(1,219,684	)			(1,336,513	)

	(2,687,022)			4,398,453				(971,095	)			(33,947	)



	(621,208)			(247,628	)			(304,685	)			(534,345	)



	11,879,300			37,177,435				2,572,452				5,286,219
	(14,593,225)			(3,838,450	)			(2,544,189	)			(10,807,847	)

	(2,713,925)			33,338,985				28,263				(5,521,628	)

	(6,022,155)			37,489,810				(1,247,517	)			(6,089,920	)



	41,536,209			4,046,399				23,487,533				29,577,453

	$ 35,514,054		$	41,536,209			$	22,240,016			$	23,487,533



	300,000			1,000,000				100,000				200,000
	(375,000)			(100,000	)			(100,000	)			(400,000	)
	1,050,001			150,001				900,001				1,100,001


	975,001			1,050,001				900,001				900,001


																						For the Period
	Six Months Ended																					September 19, 2017^(a)
	February 28,																	Ten Months Ended					Through
	2022				Years Ended August 31,												August 31,					October 31,
	(Unaudited)				2021				2020				2019				2018					2017
Per Share Operating Performance:
Net asset value at beginning of period		$	46.14			$	35.42			$	29.16			$	29.09				$	25.70				$	25.00

Net investment income^(b)			0.30				0.57				0.56				0.48					0.43					0.04
Net realized and unrealized gain (loss) on investments			(2.12	)			10.58				6.21				0.19					3.32					0.66

Total from investment operations			(1.82	)			11.15				6.77				0.67					3.75					0.70

Distributions to shareholders from:
Net investment income			(0.29	)			(0.43	)			(0.51	)			(0.53	)				(0.36	)				-
Net realized gains			(0.01	)			-				-				(0.07	)				-					-

Total distributions			(0.30	)			(0.43	)			(0.51	)			(0.60	)				(0.36	)				-

Net asset value at end of period		$	44.02			$	46.14			$	35.42			$	29.16				$	29.09				$	25.70

Market price at end of period^(c)		$	43.98			$	46.14			$	35.61			$	29.16				$	29.09				$	25.70

Net Asset Value Total Return^(d)			(3.97	)%			31.79	%			23.71	%			2.48	%				14.68	%				2.80	%^(e)
Market Price Total Return^(d)			(4.06	)%			31.07	%			24.36	%			2.48	%				14.68	%				2.80	%^(e)
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	2,408,073			$	2,174,202			$	8,855			$	2,916				$	2,909				$	2,570
Ratio to average net assets of:
Expenses			0.04	%^(f)			0.04	%			0.04	%			0.29	%^(g)				0.04	%^(f)				0.04	%^(f)
Net investment income			1.32	%^(f)			1.32	%			1.82	%			1.70	%^(g)				1.91	%^(f)				1.31	%^(f)
Portfolio turnover rate^(h)			2	%			6	%			5	%			5	%				4	%				0	%⁽ⁱ⁾


																					For the Period
	Six Months Ended																				September 27, 2017^(a)
	February 28,																	Ten Months Ended				Through
	2022				Years Ended August 31,												August 31,				October 31,
	(Unaudited)				2021				2020				2019				2018				2017
Per Share Operating Performance:
Net asset value at beginning of period		$	26.10			$	26.89			$	25.94			$	24.23			$	24.96			$	25.00

Net investment income^(b)			0.21				0.45				0.62				0.67				0.52				0.06
Net realized and unrealized gain (loss) on investments			(1.27	)			(0.56	)			1.02				1.74				(0.70	)			(0.05	)

Total from investment operations			(1.06	)			(0.11	)			1.64				2.41				(0.18	)			0.01

Distributions to shareholders from:
Net investment income			(0.25	)			(0.56	)			(0.69	)			(0.70	)			(0.54	)			(0.05	)
Net realized gains			(0.08	)			(0.12	)			-				-				-				-
Return of capital			-				-				-				-				(0.01	)			-

Total distributions			(0.33	)			(0.68	)			(0.69	)			(0.70	)			(0.55	)			(0.05	)

Net asset value at end of period		$	24.71			$	26.10			$	26.89			$	25.94			$	24.23			$	24.96

Market price at end of period^(c)		$	24.68			$	26.11			$	26.93			$	25.96			$	24.25			$	24.96

Net Asset Value Total Return^(d)			(4.11	)%			(0.42	)%			6.42	%			10.14	%			(0.72	)%			0.05	%^(e)
Market Price Total Return^(d)			(4.26	)%			(0.53	)%			6.49	%			10.14	%			(0.64	)%			0.05	%^(e)
Ratios/Supplemental Data:
Net assets at end of period (000’s omitted)		$	22,240			$	23,488			$	29,577			$	25,940			$	24,233			$	24,964
Ratio to average net assets of:
Expenses, after Waivers			0.05	%^(f)			0.05	%			0.05	%			0.08	%^(g)			0.05	%^(f)			0.04	%^(f)
Expenses, prior to Waivers			0.05	%^(f)			0.05	%			0.05	%			0.08	%^(g)			0.05	%^(f)			0.05	%^(f)
Net investment income			1.63	%^(f)			1.70	%			2.36	%			2.71	%^(g)			2.55	%^(f)			2.44	%^(f)
Portfolio turnover rate^(h)			16	%			42	%			30	%			29	%			20	%			0	%⁽ⁱ⁾


Full Name		Short Name

Invesco PureBeta^SMMSCI USA ETF (PBUS)		“PureBeta^SMMSCI USA ETF”

Invesco PureBeta^SMMSCI USA Small Cap ETF (PBSM)		“PureBeta^SMMSCI USA Small Cap ETF”

Invesco PureBeta^SMUS Aggregate Bond ETF (PBND)		“PureBeta^SMUS Aggregate Bond ETF”


Fund		Underlying Index

PureBeta^SMMSCI USA ETF		MSCI USA Index

PureBeta^SMMSCI USA Small Cap ETF		MSCI USA Small Cap Index

PureBeta^SMUS Aggregate Bond ETF		ICE BofA US Broad Market Index^SM


		Unitary Management Fees (as a % of average daily net assets)

PureBeta^SMMSCI USA ETF		0.04%

PureBeta^SMMSCI USA Small Cap ETF		0.06%

PureBeta^SMUS Aggregate Bond ETF		0.05%


Fund		Licensor

PureBeta^SMMSCI USA ETF		MSCI Inc.

PureBeta^SMMSCI USA Small Cap ETF		MSCI Inc.

PureBeta^SMUS Aggregate Bond ETF		ICE Data Indices, LLC



PureBeta^SMMSCI USA ETF			$1,780

PureBeta^SMMSCI USA Small Cap ETF			256


Level 1 –		Prices are determined using quoted prices in an active market for identical assets.

Level 2 –		Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.



Level 3 –		Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect a Fund’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.


	Level 1		Level 2		Level 3			Total
PureBeta^SMMSCI USA ETF
Investments in Securities
Common Stocks & Other Equity Interests	$	2,405,711,475	$	-		$	-	$	2,405,711,475
Money Market Funds		-		65,845,577			-		65,845,577

Total Investments	$	2,405,711,475	$	65,845,577		$	-	$	2,471,557,052

PureBeta^SMMSCI USA Small Cap ETF
Investments in Securities
Common Stocks & Other Equity Interests	$	35,490,642	$	-		$	42	$	35,490,684
Money Market Funds		-		5,361,632			-		5,361,632

Total Investments	$	35,490,642	$	5,361,632		$	42	$	40,852,316

PureBeta^SMUS Aggregate Bond ETF
Investments in Securities
U.S. Treasury Securities	$	-	$	9,658,384		$	-	$	9,658,384
U.S. Dollar Denominated Bonds & Notes		-		6,245,538			-		6,245,538
U.S. Government Sponsored Agency Mortgage-Backed Securities		-		5,312,692			-		5,312,692
Asset-Backed Securities		-		732,620			-		732,620
Municipal Obligations		-		157,462			-		157,462
Money Market Funds		47,750		784,864			-		832,614

Total Investments	$	47,750	$	22,891,560		$	-	$	22,939,310


	Purchases		Sales
PureBeta^SMMSCI USA ETF	$	44,840,224	$	42,379,556

PureBeta^SMMSCI USA Small Cap ETF		2,850,352		3,203,984
PureBeta^SMUS Aggregate Bond ETF		2,205,364		2,211,808


	In-kind		In-kind
	Purchases		Sales
PureBeta^SMMSCI USA ETF	$	613,036,661	$	243,867,417

PureBeta^SMMSCI USA Small Cap ETF		11,758,203		14,481,606

PureBeta^SMUS Aggregate Bond ETF		1,728,983		1,998,018


						Net
	Gross		Gross			Unrealized
	Unrealized		Unrealized			Appreciation
	Appreciation		(Depreciation)			(Depreciation)			Cost
PureBeta^SMMSCI USA ETF	$	234,887,129	$	(130,993,301	)	$	103,893,828		$	2,367,663,224

PureBeta^SMMSCI USA Small Cap ETF		2,464,578		(5,560,267	)		(3,095,689	)		43,948,005

PureBeta^SMUS Aggregate Bond ETF		182,635		(822,043	)		(639,408	)		23,578,718


	Beginning Account Value September 1, 2021		Ending Account Value February 28, 2022		Annualized Expense Ratio Based on the Six-Month Period			Expenses Paid During the Six-Month Period⁽¹⁾
Invesco PureBeta^SMMSCI USA ETF (PBUS)

Actual		$1,000.00		$ 960.30		0.04	%		$0.19

Hypothetical (5% return before expenses)		1,000.00		1,024.60		0.04			0.20

Invesco PureBeta^SMMSCI USA Small Cap ETF (PBSM)

Actual		1,000.00		935.20		0.06			0.29

Hypothetical (5% return before expenses)		1,000.00		1,024.50		0.06			0.30

Invesco PureBeta^SMUS Aggregate Bond ETF (PBND)

Actual		1,000.00		958.90		0.05			0.24

Hypothetical (5% return before expenses)		1,000.00		1,024.55		0.05			0.25


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Downers Grove, IL 60515	P-PBETA-SAR-2	invesco.com/ETFs