Semiannual Report  |  June 30, 2022
Vanguard Total Stock Market Index Fund

 

Contents

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Table of Contents
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund‘s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, 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 given for your fund under the heading ”Expenses Paid During Period.“
Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Further, the expenses do not include any purchase, redemption, or account service fees described in the fund prospectus. If such fees were applied to your account, your costs would be higher. Your fund does not carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
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Table of Contents
Six Months Ended June 30, 2022      
  Beginning
Account Value
12/31/2021
Ending
Account Value
6/30/2022
Expenses
Paid During
Period
Based on Actual Fund Return      
Total Stock Market Index Fund      
Investor Shares $1,000.00 $785.70 $0.62
ETF Shares 1,000.00 786.20 0.13
Admiral™ Shares 1,000.00 786.20 0.18
Institutional Shares 1,000.00 786.10 0.13
Institutional Plus Shares 1,000.00 786.20 0.09
Institutional Select Shares 1,000.00 786.30 0.04
Based on Hypothetical 5% Yearly Return      
Total Stock Market Index Fund      
Investor Shares $1,000.00 $1,024.10 $0.70
ETF Shares 1,000.00 1,024.65 0.15
Admiral Shares 1,000.00 1,024.60 0.20
Institutional Shares 1,000.00 1,024.65 0.15
Institutional Plus Shares 1,000.00 1,024.70 0.10
Institutional Select Shares 1,000.00 1,024.75 0.05
The calculations are based on expenses incurred in the most recent six-month period. The fund's annualized six-month expense ratios for that period are: 0.14% for Investor Shares, 0.03% for ETF Shares, 0.04% for Admiral Shares, 0.03% for Institutional Shares, 0.02% for Institutional Plus Shares, and 0.01% for Institutional Select Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period (181/365).
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Table of Contents
Total Stock Market Index Fund
Fund Allocation
As of June 30, 2022
Basic Materials 2.1%
Consumer Discretionary 13.8
Consumer Staples 5.8
Energy 4.5
Financials 11.2
Health Care 14.3
Industrials 12.7
Real Estate 3.7
Technology 25.8
Telecommunications 2.7
Utilities 3.4
The table reflects the fund’s investments, except for short-term investments and derivatives. Sector categories are based on the Industry Classification Benchmark (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.
The fund may invest in derivatives (such as futures and swap contracts) for various reasons, including, but not limited to, attempting to remain fully invested and tracking its target index as closely as possible.
The Industry Classification Benchmark (“ICB”) is owned by FTSE. FTSE does not accept any liability to any person for any loss or damage arising out of any error or omission in the ICB.
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Table of Contents
Total Stock Market Index Fund
Financial Statements (unaudited)
Schedule of Investments
As of June 30, 2022
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
          Shares Market
Value

($000)
Common Stocks (99.3%)
Basic Materials (2.1%)
Linde plc  14,798,316     4,254,960
Air Products and Chemicals Inc.   6,538,586     1,572,399
Newmont Corp.  23,411,643     1,396,973
Freeport-McMoRan Inc.  42,735,970     1,250,454
Ecolab Inc.   7,582,273     1,165,850
Dow Inc.  21,459,036     1,107,501
International Flavors & Fragrances Inc.   7,517,350       895,467
Fastenal Co.  16,963,707       846,828
Nucor Corp.   7,844,622       819,057
Albemarle Corp.   3,453,724       721,759
LyondellBasell Industries NV Class A   7,725,769       675,696
CF Industries Holdings Inc.   6,154,081       527,589
Mosaic Co.  10,679,215       504,379
International Paper Co.  10,918,437       456,718
FMC Corp.   3,711,816       397,201
Avery Dennison Corp.   2,408,626       389,884
Steel Dynamics Inc.   5,282,749       349,454
Eastman Chemical Co.   3,799,843       341,112
Celanese Corp.   2,872,852       337,876
Reliance Steel & Aluminum Co.   1,826,158       310,191
Alcoa Corp.   5,442,985       248,091
* Cleveland-Cliffs Inc.  13,893,944       213,550
Royal Gold Inc.   1,935,653       206,689
Olin Corp.   4,254,616       196,904
* RBC Bearings Inc.     851,168       157,424
Valvoline Inc.   5,243,316       151,165
Huntsman Corp.   5,259,694       149,112
Ashland Global Holdings Inc.   1,443,598       148,763
Chemours Co.   4,591,457       147,018
          Shares Market
Value

($000)
Hexcel Corp.   2,472,043       129,313
* Univar Solutions Inc.   4,982,674       123,919
Element Solutions Inc.   6,959,677       123,882
United States Steel Corp.   6,904,544       123,660
UFP Industries Inc.   1,764,367       120,224
Commercial Metals Co.   3,580,655       118,520
Balchem Corp.     852,107       110,552
Avient Corp.   2,693,401       107,952
* Livent Corp.   4,753,552       107,858
Cabot Corp.   1,667,668       106,381
Timken Co.   1,965,046       104,246
Sensient Technologies Corp.   1,244,382       100,247
Westlake Corp.     944,050        92,536
* MP Materials Corp.   2,871,188        92,108
Scotts Miracle-Gro Co.   1,146,067        90,528
* Arconic Corp.   3,121,062        87,546
Mueller Industries Inc.   1,600,678        85,300
* Ingevity Corp.   1,141,757        72,091
Innospec Inc.     732,498        70,166
Boise Cascade Co.   1,164,269        69,262
NewMarket Corp.     227,046        68,332
Stepan Co.     627,551        63,602
Hecla Mining Co.  15,897,629        62,319
Minerals Technologies Inc.     973,103        59,690
Quaker Chemical Corp.     397,514        59,436
Tronox Holdings plc Class A   3,437,134        57,744
* GCP Applied Technologies Inc.   1,624,342        50,809
Materion Corp.     606,770        44,737
GrafTech International Ltd.   5,723,610        40,466
Carpenter Technology Corp.   1,430,192        39,917
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Worthington Industries Inc.     887,217        39,126
Kaiser Aluminum Corp.     468,754        37,074
Compass Minerals International Inc.   1,017,920        36,024
Sylvamo Corp.     980,057        32,028
AdvanSix Inc.     789,776        26,410
*,1 Uranium Energy Corp.   8,314,150        25,608
* TimkenSteel Corp.   1,299,143        24,307
* US Silica Holdings Inc.   2,126,130        24,280
Schnitzer Steel Industries Inc. Class A     729,482        23,956
Schweitzer-Mauduit International Inc.     926,738        23,280
* Coeur Mining Inc.   7,416,303        22,546
*,1 Energy Fuels Inc.   4,396,970        21,589
Hawkins Inc.     555,530        20,016
American Vanguard Corp.     857,784        19,171
*,1 Origin Materials Inc.   3,718,023        19,036
*,1 Piedmont Lithium Inc.     499,888        18,201
Ecovyst Inc.   1,822,100        17,948
* Resolute Forest Products Inc.   1,355,417        17,295
Neenah Inc.     491,344        16,775
* Clearwater Paper Corp.     485,925        16,342
Koppers Holdings Inc.     587,127        13,293
Ryerson Holding Corp.     622,315        13,249
* LSB Industries Inc.     914,871        12,680
* Intrepid Potash Inc.     279,037        12,638
Haynes International Inc.     347,482        11,387
*,1 Amyris Inc.   6,117,706        11,318
*,1 5E Advanced Materials Inc.     922,100        11,231
* Century Aluminum Co.   1,444,160        10,643
Omega Flex Inc.      88,289         9,502
Glatfelter Corp.   1,275,904         8,778
* Northwest Pipe Co.     283,882         8,499
Tredegar Corp.     804,870         8,049
* Alto Ingredients Inc.   2,071,987         7,687
Olympic Steel Inc.     266,301         6,857
*,1 Ur-Energy Inc.   5,979,392         6,338
FutureFuel Corp.     818,795         5,961
* Unifi Inc.     422,068         5,934
* Hycroft Mining Holding Corp. Class A   4,357,713         4,837
          Shares Market
Value

($000)
* Rayonier Advanced Materials Inc.   1,782,488         4,670
*,1 Dakota Gold Corp.   1,345,100         4,506
Gold Resource Corp.   2,619,731         4,270
* Synalloy Corp.     302,356         4,251
*,1 Gatos Silver Inc.   1,369,000         3,929
Eastern Co.     163,220         3,320
*,1 NN Inc.   1,139,465         2,883
*,1 Marrone Bio Innovations Inc.   2,405,383         2,790
Northern Technologies International Corp.     243,564         2,277
*,1 Idaho Strategic Resources Inc.     276,311         2,175
*,1 Zymergen Inc.   1,572,621         1,934
* Perma-Pipe International Holdings Inc.     203,435         1,831
*,1 Westwater Resources Inc.   1,555,654         1,680
* Universal Stainless & Alloy Products Inc.     217,305         1,608
*,1 Golden Minerals Co.   4,480,131         1,601
Friedman Industries Inc.     185,959         1,514
* Ampco-Pittsburgh Corp.     357,753         1,385
Culp Inc.     270,168         1,162
* AgroFresh Solutions Inc.     636,534         1,139
United-Guardian Inc.      73,036         1,095
* United States Antimony Corp.   2,530,540         1,022
*,1 CPS Technologies Corp.     336,311         1,022
Chicago Rivet & Machine Co.      28,369           808
* US Gold Corp.     180,278           748
* Solitario Zinc Corp.   1,172,963           669
*,1 Comstock Inc.   1,025,999           636
* Paramount Gold Nevada Corp.   1,225,450           539
* Flexible Solutions International Inc.     151,258           371
* NextPlat Corp.      50,264            97
* Hycroft Mining Holding Corp. Warrants Exp. 10/6/25     155,000            47
*,2 F-star Therapeutics Inc. CVR      61,021             4
                       23,229,283
Consumer Discretionary (13.7%)
* Amazon.com Inc. 254,987,160    27,082,186
* Tesla Inc.  25,964,171    17,484,792
 
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Home Depot Inc.  30,303,660     8,311,385
Costco Wholesale Corp.  13,067,037     6,262,769
McDonald's Corp.  21,802,801     5,382,675
* Walt Disney Co.  53,707,617     5,069,999
Walmart Inc.  40,580,429     4,933,769
NIKE Inc. Class B  37,409,962     3,823,298
Lowe's Cos. Inc.  19,224,850     3,358,005
Starbucks Corp.  33,813,480     2,583,012
* Netflix Inc.  13,100,543     2,290,892
* Booking Holdings Inc.   1,197,824     2,094,982
Target Corp.  13,672,402     1,930,953
TJX Cos. Inc.  32,903,555     1,837,664
Dollar General Corp.   6,747,542     1,656,117
Activision Blizzard Inc.  20,740,541     1,614,858
Estee Lauder Cos. Inc. Class A   6,154,770     1,567,435
Ford Motor Co. 116,425,762     1,295,819
* AutoZone Inc.     585,314     1,257,910
* General Motors Co.  38,690,186     1,228,800
* O'Reilly Automotive Inc.   1,938,196     1,224,475
Marriott International Inc. Class A   8,686,075     1,181,393
* Uber Technologies Inc.  52,126,532     1,066,509
* Chipotle Mexican Grill Inc.     783,323     1,024,007
Electronic Arts Inc.   8,251,604     1,003,808
* Dollar Tree Inc.   6,319,453       984,887
Yum! Brands Inc.   8,407,303       954,313
* Lululemon Athletica Inc.   3,440,640       937,953
Hilton Worldwide Holdings Inc.   8,211,389       915,077
* Airbnb Inc. Class A  10,145,561       903,767
* Warner Bros Discovery Inc.  64,438,018       864,758
Ross Stores Inc.  10,367,041       728,077
* Aptiv plc   7,990,930       711,752
eBay Inc.  16,512,719       688,085
* Copart Inc.   6,311,711       685,830
Tractor Supply Co.   3,300,460       639,794
* Southwest Airlines Co.  17,495,646       631,943
DR Horton Inc.   9,342,877       618,405
* Ulta Beauty Inc.   1,539,906       593,603
* Take-Two Interactive Software Inc.   4,776,291       585,239
Genuine Parts Co.   4,176,843       555,520
* Delta Air Lines Inc.  18,884,661       547,089
* Trade Desk Inc. Class A  13,039,958       546,244
Lennar Corp. Class A   7,141,543       503,979
          Shares Market
Value

($000)
VF Corp.  10,329,513       456,255
Garmin Ltd.   4,556,964       447,722
* CarMax Inc.   4,730,481       428,014
* Expedia Group Inc.   4,465,400       423,454
Darden Restaurants Inc.   3,676,806       415,920
Domino's Pizza Inc.   1,062,204       413,951
*,1 Rivian Automotive Inc. Class A  15,806,681       406,864
Pool Corp.   1,123,265       394,524
Best Buy Co. Inc.   5,965,612       388,898
Omnicom Group Inc.   6,067,563       385,958
Paramount Global Class B  15,545,484       383,663
* NVR Inc.      92,119       368,857
* Live Nation Entertainment Inc.   4,368,491       360,750
LKQ Corp.   7,097,429       348,413
* Liberty Media Corp.-Liberty Formula One Class C   5,408,365       343,269
* United Airlines Holdings Inc.   9,648,289       341,742
* Las Vegas Sands Corp.  10,118,051       339,865
Interpublic Group of Cos. Inc.  11,610,621       319,640
Advance Auto Parts Inc.   1,789,720       309,783
Service Corp. International   4,447,591       307,417
Hasbro Inc.   3,700,036       302,959
*,1 Lucid Group Inc.  17,227,882       295,630
MGM Resorts International  10,058,071       291,181
*,1 ROBLOX Corp. Class A   8,793,007       288,938
Fox Corp. Class A   8,781,125       282,401
PulteGroup Inc.   7,018,718       278,152
* Etsy Inc.   3,751,050       274,614
* Burlington Stores Inc.   1,949,390       265,565
Vail Resorts Inc.   1,196,067       260,802
Whirlpool Corp.   1,658,439       256,842
Rollins Inc.   7,262,161       253,595
* BJ's Wholesale Club Holdings Inc.   3,982,382       248,182
* American Airlines Group Inc.  19,158,697       242,932
BorgWarner Inc.   7,053,576       235,378
Lithia Motors Inc. Class A     853,631       234,586
*,1 GameStop Corp. Class A   1,912,676       233,920
Aramark   7,593,068       232,576
* Mattel Inc.  10,392,773       232,071
 
6

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Caesars Entertainment Inc.   6,017,022       230,452
Williams-Sonoma Inc.   2,066,559       229,285
Tapestry Inc.   7,428,524       226,719
* Royal Caribbean Cruises Ltd.   6,394,669       223,238
Lear Corp.   1,761,399       221,742
*,1 Carnival Corp.  24,765,487       214,221
News Corp. Class A  13,647,783       212,632
Newell Brands Inc.  10,988,273       209,217
*,1 AMC Entertainment Holdings Inc. Class A  15,256,557       206,726
* Deckers Outdoor Corp.     804,453       205,417
Churchill Downs Inc.   1,011,619       193,755
Gentex Corp.   6,920,522       193,567
* Floor & Decor Holdings Inc. Class A   2,965,037       186,679
* Five Below Inc.   1,633,641       185,304
Nexstar Media Group Inc. Class A   1,130,189       184,085
Bath & Body Works Inc.   6,665,934       179,447
Wyndham Hotels & Resorts Inc.   2,715,820       178,484
* Capri Holdings Ltd.   4,348,065       178,314
* Wynn Resorts Ltd.   3,076,124       175,278
Nielsen Holdings plc   7,412,806       172,125
* Planet Fitness Inc. Class A   2,506,029       170,435
H&R Block Inc.   4,708,351       166,299
* Liberty Media Corp.-Liberty SiriusXM Class C   4,583,856       165,248
Polaris Inc.   1,663,645       165,167
* SiteOne Landscape Supply Inc.   1,327,783       157,834
* AutoNation Inc.   1,376,488       153,836
Macy's Inc.   8,379,075       153,505
Murphy USA Inc.     642,323       149,578
* Penn National Gaming Inc.   4,911,763       149,416
* Alaska Air Group Inc.   3,723,964       149,145
* Bright Horizons Family Solutions Inc.   1,748,345       147,770
Texas Roadhouse Inc. Class A   2,015,303       147,520
Toll Brothers Inc.   3,281,339       146,348
* Terminix Global Holdings Inc.   3,583,426       145,666
1 Sirius XM Holdings Inc.  23,213,548       142,299
Fox Corp. Class B   4,780,260       141,974
          Shares Market
Value

($000)
* Skechers USA Inc. Class A   3,989,036       141,930
TEGNA Inc.   6,570,433       137,782
*,1 Norwegian Cruise Line Holdings Ltd.  12,352,677       137,362
Leggett & Platt Inc.   3,944,693       136,407
Kohl's Corp.   3,782,903       135,012
* Light & Wonder Inc.   2,829,174       132,943
New York Times Co. Class A   4,670,884       130,318
* IAA Inc.   3,962,788       129,861
Choice Hotels International Inc.   1,153,606       128,777
Marriott Vacations Worldwide Corp.   1,099,312       127,740
*,1 DraftKings Inc. Class A  10,942,899       127,704
* Avis Budget Group Inc.     855,231       125,787
AMERCO     261,178       124,903
Harley-Davidson Inc.   3,904,161       123,606
* RH     579,900       123,090
1 Dick's Sporting Goods Inc.   1,590,439       119,871
Thor Industries Inc.   1,539,785       115,068
* Helen of Troy Ltd.     702,158       114,037
PVH Corp.   1,985,939       113,000
* Lyft Inc. Class A   8,487,640       112,716
Boyd Gaming Corp.   2,260,060       112,438
* Asbury Automotive Group Inc.     651,437       110,314
Ralph Lauren Corp.   1,196,800       107,293
* Hyatt Hotels Corp. Class A   1,445,878       106,865
Hanesbrands Inc.  10,274,366       105,723
*,1 Hertz Global Holdings Inc.   6,669,582       105,646
Tempur Sealy International Inc.   4,910,429       104,936
* YETI Holdings Inc.   2,410,000       104,281
* Ollie's Bargain Outlet Holdings Inc.   1,763,523       103,607
* Fox Factory Holding Corp.   1,246,040       100,356
*,1 Wayfair Inc. Class A   2,231,984        97,225
Wendy's Co.   5,049,420        95,333
* Hilton Grand Vacations Inc.   2,663,399        95,163
Travel + Leisure Co.   2,389,278        92,752
Academy Sports & Outdoors Inc.   2,539,144        90,241
* Grand Canyon Education Inc.     951,258        89,599
* Coty Inc. Class A  11,154,673        89,349
*,1 Chewy Inc. Class A   2,572,862        89,330
* Goodyear Tire & Rubber Co.   8,312,988        89,032
 
7

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Dorman Products Inc.     795,199        87,241
* Visteon Corp.     830,864        86,061
* Crocs Inc.   1,729,089        84,155
Warner Music Group Corp. Class A   3,451,827        84,086
* Callaway Golf Co.   4,079,642        83,225
Penske Automotive Group Inc.     784,354        82,114
* Liberty Media Corp.-Liberty SiriusXM Class A   2,229,664        80,357
World Wrestling Entertainment Inc. Class A   1,280,526        80,020
LCI Industries     712,055        79,665
Carter's Inc.   1,127,662        79,478
Papa John's International Inc.     950,798        79,411
* JetBlue Airways Corp.   9,444,288        79,049
* Peloton Interactive Inc. Class A   8,590,671        78,862
Group 1 Automotive Inc.     463,909        78,772
* Meritage Homes Corp.   1,082,189        78,459
* Taylor Morrison Home Corp. Class A   3,353,678        78,342
* Endeavor Group Holdings Inc. Class A   3,766,353        77,436
*,1 Spirit Airlines Inc.   3,202,664        76,351
* Skyline Champion Corp.   1,591,814        75,484
Columbia Sportswear Co.   1,017,577        72,838
Foot Locker Inc.   2,828,097        71,409
Signet Jewelers Ltd.   1,330,230        71,114
KB Home   2,473,196        70,387
* Madison Square Garden Sports Corp.     464,634        70,160
1 Nordstrom Inc.   3,274,637        69,193
Steven Madden Ltd.   2,119,254        68,261
* Victoria's Secret & Co.   2,437,904        68,188
* Sonos Inc.   3,773,068        68,066
*,1 Carvana Co.   2,947,980        66,565
* Chegg Inc.   3,525,565        66,210
* National Vision Holdings Inc.   2,396,692        65,909
Wingstop Inc.     881,080        65,878
Gap Inc.   7,623,655        62,819
Graham Holdings Co. Class B     109,623        62,139
          Shares Market
Value

($000)
* Liberty Media Corp.-Liberty Formula One Class A   1,071,104        62,092
Rush Enterprises Inc. Class A   1,282,824        61,832
*,1 Leslie's Inc.   4,040,583        61,336
* Gentherm Inc.     975,533        60,883
* Boot Barn Holdings Inc.     880,342        60,664
Lennar Corp. Class B   1,029,913        60,466
John Wiley & Sons Inc. Class A   1,239,209        59,185
MillerKnoll Inc.   2,245,607        58,992
* Frontdoor Inc.   2,422,117        58,325
Cracker Barrel Old Country Store Inc.     692,247        57,796
* SeaWorld Entertainment Inc.   1,277,745        56,451
* Sabre Corp.   9,635,312        56,174
Kontoor Brands Inc.   1,658,376        55,340
MDC Holdings Inc.   1,689,797        54,597
Dana Inc.   3,825,951        53,831
* TripAdvisor Inc.   2,997,856        53,362
*,1 Duolingo Inc. Class A     608,034        53,233
* KAR Auction Services Inc.   3,595,430        53,104
PriceSmart Inc.     728,211        52,162
Red Rock Resorts Inc. Class A   1,550,868        51,737
* LGI Homes Inc.     594,558        51,667
*,1 QuantumScape Corp. Class A   5,990,657        51,460
* Tri Pointe Homes Inc.   3,048,549        51,429
* Allegiant Travel Co.     453,706        51,310
* Cavco Industries Inc.     257,741        50,515
* Under Armour Inc. Class C   6,643,927        50,361
1 American Eagle Outfitters Inc.   4,468,082        49,953
* Six Flags Entertainment Corp.   2,283,648        49,555
* Stride Inc.   1,208,570        49,298
Wolverine World Wide Inc.   2,382,164        48,024
* Cinemark Holdings Inc.   3,192,003        47,944
Strategic Education Inc.     665,614        46,979
* Knowles Corp.   2,697,342        46,745
* Adtalem Global Education Inc.   1,263,234        45,438
* elf Beauty Inc.   1,471,380        45,142
* Everi Holdings Inc.   2,732,745        44,571
Winnebago Industries Inc.     917,479        44,553
* Vista Outdoor Inc.   1,581,249        44,117
 
8

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Laureate Education Inc. Class A   3,792,458        43,879
Bloomin' Brands Inc.   2,629,240        43,698
* Under Armour Inc. Class A   5,243,636        43,679
* Shake Shack Inc. Class A   1,096,339        43,283
* Madison Square Garden Entertainment Corp.     816,592        42,969
Levi Strauss & Co. Class A   2,602,031        42,465
* Coursera Inc.   2,977,521        42,221
* Tenneco Inc. Class A   2,449,073        42,026
Gray Television Inc.   2,474,662        41,797
HNI Corp.   1,192,395        41,364
* Driven Brands Holdings Inc.   1,487,340        40,961
Oxford Industries Inc.     457,619        40,609
Monro Inc.     946,808        40,599
Acushnet Holdings Corp.     972,110        40,518
Century Communities Inc.     883,312        39,722
*,1 Fisker Inc. Class A   4,633,236        39,707
Cheesecake Factory Inc.   1,480,381        39,112
* Central Garden & Pet Co. Class A     966,283        38,661
* Dave & Buster's Entertainment Inc.   1,154,658        37,850
Inter Parfums Inc.     517,949        37,841
* Sally Beauty Holdings Inc.   3,152,705        37,580
* ODP Corp.   1,233,583        37,304
*,1 Luminar Technologies Inc. Class A   5,965,697        35,377
Jack in the Box Inc.     617,405        34,612
*,1 Petco Health & Wellness Co. Inc. Class A   2,340,882        34,505
* Figs Inc. Class A   3,728,508        33,967
Sturm Ruger & Co. Inc.     518,265        32,988
* M/I Homes Inc.     831,424        32,974
* Malibu Boats Inc. Class A     609,055        32,103
* SkyWest Inc.   1,492,221        31,710
*,1 Overstock.com Inc.   1,266,300        31,670
*,1 Dutch Bros Inc. Class A     988,216        31,277
* Urban Outfitters Inc.   1,671,099        31,183
* Revolve Group Inc. Class A   1,194,870        30,959
La-Z-Boy Inc.   1,287,637        30,530
          Shares Market
Value

($000)
Dine Brands Global Inc.     466,845        30,382
* Lions Gate Entertainment Corp. Class B   3,425,633        30,248
*,1 Sweetgreen Inc. Class A   2,541,537        29,609
* iRobot Corp.     799,070        29,366
Franchise Group Inc.     834,174        29,254
Rent-A-Center Inc.   1,481,748        28,820
* Brinker International Inc.   1,302,388        28,692
Qurate Retail Inc. Class A   9,926,143        28,488
* PowerSchool Holdings Inc. Class A   2,332,948        28,112
Caleres Inc.   1,066,686        27,990
1 Dillard's Inc. Class A     125,623        27,709
1 Krispy Kreme Inc.   1,990,577        27,072
* PROG Holdings Inc.   1,589,148        26,221
* XPEL Inc.     569,732        26,168
Sinclair Broadcast Group Inc. Class A   1,245,164        25,401
* iHeartMedia Inc. Class A   3,202,219        25,265
* Abercrombie & Fitch Co. Class A   1,483,029        25,093
Buckle Inc.     896,846        24,834
Matthews International Corp. Class A     861,034        24,686
Standard Motor Products Inc.     542,712        24,417
* G-III Apparel Group Ltd.   1,205,677        24,391
* Funko Inc. Class A   1,089,382        24,315
* American Axle & Manufacturing Holdings Inc.   3,211,377        24,182
* Mister Car Wash Inc.   2,222,236        24,178
Steelcase Inc. Class A   2,241,633        24,053
*,1 ContextLogic Inc. Class A  14,970,537        23,953
1 Camping World Holdings Inc. Class A   1,106,772        23,895
* Golden Entertainment Inc.     594,281        23,504
* AMC Networks Inc. Class A     784,987        22,859
* Monarch Casino & Resort Inc.     388,782        22,810
* 2U Inc.   2,167,299        22,692
* Liberty Media Corp.-Liberty Braves Class C     940,129        22,563
 
9

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Perdoceo Education Corp.   1,894,742        22,320
Designer Brands Inc. Class A   1,708,467        22,313
* EW Scripps Co. Class A   1,778,726        22,181
*,1 Clean Energy Fuels Corp.   4,919,157        22,038
Interface Inc. Class A   1,744,651        21,878
* MarineMax Inc.     602,194        21,751
* ACV Auctions Inc. Class A   3,319,746        21,711
* Central Garden & Pet Co.     493,884        20,951
Sonic Automotive Inc. Class A     568,048        20,808
* Hawaiian Holdings Inc.   1,442,932        20,648
Arko Corp.   2,481,279        20,247
* GoPro Inc. Class A   3,657,631        20,227
* Cardlytics Inc.     902,620        20,137
News Corp. Class B   1,238,515        19,680
* Genesco Inc.     385,253        19,228
* Sleep Number Corp.     621,074        19,222
*,1 Bally's Corp.     931,391        18,423
* Cars.com Inc.   1,946,017        18,351
*,1 Life Time Group Holdings Inc.   1,423,289        18,332
*,1 Blink Charging Co.   1,095,113        18,102
Scholastic Corp.     488,093        17,557
Smith & Wesson Brands Inc.   1,335,687        17,538
* Accel Entertainment Inc. Class A   1,650,571        17,529
* Sun Country Airlines Holdings Inc.     940,020        17,240
* Chico's FAS Inc.   3,464,663        17,219
* America's Car-Mart Inc.     168,912        16,993
* Green Brick Partners Inc.     864,648        16,921
Global Industrial Co.     497,893        16,814
Big Lots Inc.     800,639        16,789
*,1 Udemy Inc.   1,642,008        16,765
A-Mark Precious Metals Inc.     516,684        16,663
1 Guess? Inc.     967,058        16,488
* Viad Corp.     577,747        15,952
Carriage Services Inc. Class A     402,058        15,942
* Thryv Holdings Inc.     702,193        15,722
* Lions Gate Entertainment Corp. Class A   1,662,398        15,477
          Shares Market
Value

($000)
Clarus Corp.     807,350        15,332
Ruth's Hospitality Group Inc.     932,005        15,154
*,1 Corsair Gaming Inc.   1,152,258        15,129
* Arlo Technologies Inc.   2,406,153        15,087
Hibbett Inc.     344,177        15,044
* QuinStreet Inc.   1,490,291        14,992
* Denny's Corp.   1,700,601        14,761
* Children's Place Inc.     378,118        14,716
* BJ's Restaurants Inc.     657,874        14,263
Winmark Corp.      71,038        13,893
Movado Group Inc.     445,639        13,784
Ethan Allen Interiors Inc.     677,482        13,692
1 European Wax Center Inc. Class A     757,510        13,347
*,1 Rover Group Inc. Class A   3,549,274        13,345
*,1 Holley Inc.   1,251,869        13,145
* Stoneridge Inc.     753,328        12,920
* TravelCenters of America Inc.     373,129        12,862
* Stagwell Inc.   2,345,757        12,737
*,1 Vuzix Corp.   1,792,261        12,725
* Sportsman's Warehouse Holdings Inc.   1,302,004        12,486
Aaron's Co. Inc.     853,131        12,413
* Zumiez Inc.     459,022        11,935
* Gannett Co. Inc.   4,063,386        11,784
*,1 Liberty Media Corp.-Liberty Braves Class A     445,381        11,201
RCI Hospitality Holdings Inc.     231,430        11,192
* Clear Channel Outdoor Holdings Inc.  10,445,735        11,177
* Lovesac Co.     401,588        11,044
* MasterCraft Boat Holdings Inc.     519,098        10,927
* Stitch Fix Inc. Class A   2,204,657        10,891
*,1 Allbirds Inc. Class A   2,751,448        10,813
* Chuy's Holdings Inc.     537,332        10,704
* Liquidity Services Inc.     795,167        10,687
Rush Enterprises Inc. Class B     213,248        10,579
* Boston Omaha Corp. Class A     504,858        10,425
* Marcus Corp.     695,300        10,270
* Beazer Homes USA Inc.     848,275        10,239
*,1 Wheels Up Experience Inc.   5,164,967        10,072
Haverty Furniture Cos. Inc.     430,730         9,984
 
10

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Shoe Carnival Inc.     460,003         9,941
* Sciplay Corp. Class A     705,371         9,854
* WW International Inc.   1,536,511         9,818
*,1 Portillo's Inc. Class A     595,958         9,744
*,1 Playstudios Inc.   2,241,786         9,595
*,1 Bed Bath & Beyond Inc.   1,884,415         9,365
* OneWater Marine Inc. Class A     282,871         9,349
*,1 Eastman Kodak Co.   1,999,566         9,278
*,1 Vizio Holding Corp. Class A   1,357,968         9,261
*,1 Frontier Group Holdings Inc.     984,399         9,224
*,1 AMMO Inc.   2,389,053         9,198
Bluegreen Vacations Holding Corp. Class A     365,934         9,134
* CarParts.com Inc.   1,312,022         9,105
* Integral Ad Science Holding Corp.     913,509         9,071
* Selectquote Inc.   3,638,849         9,024
*,1 Mullen Automotive Inc.   8,798,551         8,974
* Latham Group Inc.   1,252,545         8,680
* Angi Inc. Class A   1,879,775         8,609
Johnson Outdoors Inc. Class A     139,239         8,516
*,1 Canoo Inc.   4,601,737         8,513
* American Public Education Inc.     511,008         8,258
*,1 Poshmark Inc. Class A     793,067         8,018
* Tupperware Brands Corp.   1,214,024         7,697
* Quotient Technology Inc.   2,571,128         7,636
Kimball International Inc. Class B     983,424         7,543
* LL Flooring Holdings Inc.     802,995         7,524
* Universal Electronics Inc.     293,728         7,511
* Lindblad Expeditions Holdings Inc.     911,279         7,381
* Rush Street Interactive Inc.   1,572,928         7,346
*,1 Faraday Future Intelligent Electric Inc.   2,819,033         7,329
* Fossil Group Inc.   1,406,415         7,271
*,1 Vinco Ventures Inc.   5,262,437         7,262
Entravision Communications Corp. Class A   1,586,226         7,233
          Shares Market
Value

($000)
* 1-800-Flowers.com Inc. Class A     746,053         7,095
Rocky Brands Inc.     205,883         7,037
*,1 Lordstown Motors Corp.   4,431,521         7,002
1 Big 5 Sporting Goods Corp.     620,900         6,960
* Daily Journal Corp.      26,386         6,829
* Universal Technical Institute Inc.     945,994         6,745
* Motorcar Parts of America Inc.     508,069         6,666
Build-A-Bear Workshop Inc.     398,931         6,550
*,1 Genius Brands International Inc.   8,534,678         6,461
Cato Corp. Class A     536,537         6,229
* RealReal Inc.   2,499,234         6,223
* Hovnanian Enterprises Inc. Class A     141,347         6,048
*,1 Focus Universal Inc.     526,074         6,008
* Kura Sushi USA Inc. Class A     120,616         5,974
* Citi Trends Inc.     250,792         5,931
Superior Group of Cos. Inc.     331,545         5,885
*,1 Dream Finders Homes Inc. Class A     550,933         5,862
* ONE Group Hospitality Inc.     789,551         5,819
* Full House Resorts Inc.     952,478         5,791
* El Pollo Loco Holdings Inc.     587,328         5,779
* Noodles & Co. Class A   1,186,247         5,575
* Century Casinos Inc.     751,313         5,409
* Container Store Group Inc.     863,409         5,379
* Xponential Fitness Inc. Class A     419,364         5,267
* Destination XL Group Inc.   1,544,207         5,235
* Turtle Beach Corp.     427,215         5,225
Hooker Furnishings Corp.     333,634         5,188
*,1 Ondas Holdings Inc.     957,444         5,161
* Alta Equipment Group Inc.     568,355         5,098
* First Watch Restaurant Group Inc.     349,498         5,040
* Delta Apparel Inc.     177,059         5,023
* Lincoln Educational Services Corp.     790,909         4,991
* Snap One Holdings Corp.     531,350         4,872
 
11

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Bassett Furniture Industries Inc.     264,538         4,793
* RumbleON Inc. Class B     316,843         4,661
Tilly's Inc. Class A     658,710         4,624
*,1 F45 Training Holdings Inc.   1,129,271         4,438
1 Weber Inc. Class A     615,498         4,438
Lifetime Brands Inc.     401,793         4,436
* Lulu's Fashion Lounge Holdings Inc.     399,820         4,338
*,1 Cricut Inc. Class A     702,630         4,314
* Party City Holdco Inc.   3,179,416         4,197
* PlayAGS Inc.     787,936         4,066
*,1 ThredUp Inc. Class A   1,618,751         4,047
Weyco Group Inc.     163,787         4,005
*,1 1847 Goedeker Inc.   3,235,400         3,947
*,1 Rent the Runway Inc. Class A   1,267,437         3,891
*,1 XL Fleet Corp.   3,375,016         3,881
*,1 Outbrain Inc.     769,654         3,871
*,1 Red Robin Gourmet Burgers Inc.     476,857         3,829
* Strattec Security Corp.     115,520         3,829
* Lands' End Inc.     360,080         3,824
*,1 Lazydays Holdings Inc.     322,637         3,801
* Duluth Holdings Inc. Class B     394,810         3,766
*,1 Purple Innovation Inc. Class A   1,223,047         3,742
*,1 Urban One Inc.     872,038         3,732
* Potbelly Corp.     657,716         3,716
*,1 Owlet Inc.   2,177,118         3,701
* VOXX International Corp. Class A     391,165         3,642
* American Outdoor Brands Inc.     382,680         3,639
* Fiesta Restaurant Group Inc.     503,077         3,592
* Legacy Housing Corp.     273,001         3,563
* Lakeland Industries Inc.     231,623         3,558
Wayside Technology Group Inc.     106,412         3,537
*,1 Bowlero Corp.     327,927         3,473
* Express Inc.   1,763,494         3,456
*,1 Traeger Inc.     804,140         3,418
*,1 BARK Inc.   2,622,674         3,357
*,1 Arcimoto Inc.   1,025,319         3,353
Saga Communications Inc. Class A     134,076         3,332
* Audacy Inc. Class A   3,524,360         3,321
          Shares Market
Value

($000)
Nathan's Famous Inc.      56,557         3,313
*,1 Aterian Inc.   1,506,119         3,253
Tile Shop Holdings Inc.   1,046,763         3,214
* Barnes & Noble Education Inc.   1,095,868         3,211
*,1 Reservoir Media Inc.     489,336         3,190
* Vera Bradley Inc.     727,256         3,156
*,1 Conn's Inc.     391,363         3,139
1 Escalade Inc.     237,945         3,091
* Drive Shack Inc.   2,198,385         3,012
*,1 Nerdy Inc.   1,399,438         2,981
*,1 Redbox Entertainment Inc.     402,900         2,981
*,1 Cumulus Media Inc. Class A     374,932         2,898
1 Hamilton Beach Brands Holding Co. Class A     228,579         2,837
* Emerald Holding Inc.     690,955         2,812
* Arhaus Inc. Class A     621,273         2,796
* Lee Enterprises Inc.     144,656         2,747
* J. Jill Inc.     149,771         2,739
* Townsquare Media Inc. Class A     333,509         2,731
Acme United Corp.      85,199         2,698
* StoneMor Inc.     770,131         2,634
1 JOANN Inc.     336,080         2,605
* Superior Industries International Inc.     651,563         2,574
1 Flexsteel Industries Inc.     135,656         2,442
Marine Products Corp.     255,346         2,428
* Cooper-Standard Holdings Inc.     476,164         2,376
*,1 XpresSpa Group Inc.   3,379,216         2,333
* Biglari Holdings Inc. Class B      18,772         2,303
*,1 Solo Brands Inc. Class A     563,217         2,287
*,1 Cinedigm Corp. Class A   4,518,243         2,223
*,1 SRAX Inc. Class A     625,336         2,076
* Mesa Air Group Inc.     931,159         2,039
*,1 Revlon Inc. Class A     347,600         1,884
* Brilliant Earth Group Inc. Class A     381,195         1,811
* JAKKS Pacific Inc.     142,014         1,798
Carrols Restaurant Group Inc.     874,439         1,766
* BBQ Holdings Inc.     168,157         1,752
* Landsea Homes Corp.     262,495         1,748
*,1 Red Cat Holdings Inc.     849,136         1,732
 
12

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
1 National CineMedia Inc.   1,852,064         1,697
* Liberty TripAdvisor Holdings Inc. Class A   2,227,933         1,686
* Kewaunee Scientific Corp.      96,393         1,593
* Biglari Holdings Inc. Class A       2,695         1,584
*,1 Chicken Soup For The Soul Entertainment Inc.     211,224         1,565
* Gaia Inc. Class A     367,401         1,561
*,1 Envela Corp.     212,016         1,512
* Reading International Inc. Class A     390,307         1,409
NL Industries Inc.     140,483         1,387
* CuriosityStream Inc.     813,729         1,375
*,1 Kirkland's Inc.     386,578         1,361
Canterbury Park Holding Corp.      51,960         1,344
* Harte Hanks Inc.     102,600         1,307
Crown Crafts Inc.     207,623         1,300
CompX International Inc.      55,782         1,294
* Nautilus Inc.     727,903         1,274
*,1 CarLotz Inc.   3,153,585         1,241
* Travelzoo     204,643         1,240
FAT Brands Inc. Class A     153,984         1,147
* Zovio Inc. Class A   1,156,564         1,122
DallasNews Corp.     176,590         1,118
*,1 Shift Technologies Inc. Class A   1,602,920         1,079
* Cryptyde Inc.     526,244         1,068
* Good Times Restaurants Inc.     350,945         1,056
*,1 BurgerFi International Inc.     315,878         1,020
Ark Restaurants Corp.      55,702         1,003
*,1 Troika Media Group Inc.   1,312,215           996
* Fluent Inc.     781,681           930
*,1 LMP Automotive Holdings Inc.     195,770           930
*,1 Hall of Fame Resort & Entertainment Co.   1,530,218           908
* Live Ventures Inc.      36,093           903
* Salem Media Group Inc. Class A     419,347           889
*,1 EBET Inc.     369,532           887
*,1 Koss Corp.     124,275           864
Educational Development Corp.     202,269           854
          Shares Market
Value

($000)
*,1 Regis Corp.     776,100           838
*,1 LiveOne Inc.     946,083           810
*,2 Luby's Inc.     449,752           801
* Charles & Colvard Ltd.     610,246           757
* Marchex Inc. Class B     546,577           721
*,1 Dolphin Entertainment Inc.     220,039           695
* Vince Holding Corp.      85,410           670
*,1 Tuesday Morning Corp.   1,753,307           631
* iMedia Brands Inc.     512,961           621
* Urban One Inc. Class A     109,101           596
*,1 AYRO Inc.     711,308           596
* Aspen Group Inc.     584,353           573
*,1 InterGroup Corp.      12,233           514
* Volcon Inc.     269,584           496
* Allied Esports Entertainment Inc.     342,015           489
* Dixie Group Inc.     344,452           441
* Beasley Broadcast Group Inc. Class A     314,502           403
* FlexShopper Inc.     425,184           382
Jerash Holdings US Inc.      77,252           364
Flanigan's Enterprises Inc.      11,919           358
*,1 Sky Harbour Group Corp.      57,536           326
* HyreCar Inc.     526,051           321
* EzFill Holdings Inc.     386,132           309
* Xcel Brands Inc.     247,453           292
*,1 PARTS iD Inc.     148,893           231
* Auddia Inc.     264,100           231
*,1 Forward Industries Inc.     144,468           214
*,1 Applied UV Inc.      86,071           195
* Muscle Maker Inc.     487,573           188
*,1 Digital Media Solutions Inc.     138,956           154
* Mediaco Holding Inc. Class A      67,571           141
*,1 Amesite Inc.     292,757           135
FAT Brands Inc. Class B      16,647           128
* Unique Fabricating Inc.      83,389           113
*,1 Moving Image Technologies Inc.      78,388           102
* Stran & Co. Inc.      55,769            93
* Twin Vee PowerCats Co.      34,692            93
*,2 Zagg Inc. CVR     780,631            70
* Lottery.com Inc.      61,239            69
*,1 Digital Brands Group Inc.     296,678            58
 
13

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Grom Social Enterprises Inc.     134,277            55
* IDW Media Holdings Inc. Class B      40,047            54
*,2 SRAX Inc.     590,641            41
* Rave Restaurant Group Inc.      21,026            23
* Emerson Radio Corp.       6,500             4
                      151,987,648
Consumer Staples (5.8%)
Procter & Gamble Co.  70,738,780    10,171,529
Coca-Cola Co. 115,011,245     7,235,357
PepsiCo Inc.  40,757,436     6,792,634
Philip Morris International Inc.  45,709,277     4,513,334
CVS Health Corp.  38,666,422     3,582,831
Mondelez International Inc. Class A  40,778,944     2,531,965
Altria Group Inc.  53,389,117     2,230,063
Colgate-Palmolive Co.  24,691,859     1,978,806
McKesson Corp.   4,274,066     1,394,243
Kimberly-Clark Corp.   9,935,524     1,342,786
General Mills Inc.  17,749,334     1,339,187
Archer-Daniels-Midland Co.  16,592,401     1,287,570
Sysco Corp.  15,021,612     1,272,481
Corteva Inc.  21,383,557     1,157,706
* Monster Beverage Corp.  10,937,118     1,013,871
Constellation Brands Inc. Class A   4,319,447     1,006,690
Hershey Co.   4,301,572       925,526
Kroger Co.  19,144,445       906,107
Keurig Dr Pepper Inc.  25,091,998       888,006
Walgreens Boots Alliance Inc.  21,641,736       820,222
Kraft Heinz Co.  19,856,232       757,317
Tyson Foods Inc. Class A   8,593,343       739,543
Church & Dwight Co. Inc.   7,155,236       663,004
AmerisourceBergen Corp.   4,630,015       655,055
Brown-Forman Corp. Class B   9,265,436       650,063
McCormick & Co. Inc. (Non-Voting)   7,375,565       614,016
Kellogg Co.   7,471,210       532,996
Clorox Co.   3,627,771       511,443
Conagra Brands Inc.  14,137,169       484,057
Bunge Ltd.   4,469,144       405,307
J M Smucker Co.   3,040,368       389,198
Hormel Foods Corp.   8,044,848       381,004
          Shares Market
Value

($000)
Lamb Weston Holdings Inc.   4,260,316       304,442
Molson Coors Beverage Co. Class B   5,324,278       290,226
* Darling Ingredients Inc.   4,764,130       284,895
Campbell Soup Co.   5,775,988       277,536
* Performance Food Group Co.   4,562,703       209,793
* US Foods Holding Corp.   6,602,563       202,567
Casey's General Stores Inc.   1,092,442       202,080
Ingredion Inc.   1,859,199       163,907
Flowers Foods Inc.   5,304,303       139,609
Sanderson Farms Inc.     624,141       134,521
* Post Holdings Inc.   1,609,979       132,582
* Grocery Outlet Holding Corp.   2,562,291       109,230
Spectrum Brands Holdings Inc.   1,204,366        98,782
* Simply Good Foods Co.   2,527,317        95,457
* Hostess Brands Inc. Class A   4,086,466        86,674
* BellRing Brands Inc.   3,410,003        84,875
* Boston Beer Co. Inc. Class A     271,517        82,261
* Sprouts Farmers Market Inc.   3,235,503        81,923
WD-40 Co.     405,831        81,718
* Celsius Holdings Inc.   1,220,408        79,644
Coca-Cola Consolidated Inc.     136,100        76,747
Lancaster Colony Corp.     574,026        73,923
* TreeHouse Foods Inc.   1,660,641        69,448
* Freshpet Inc.   1,337,149        69,385
* United Natural Foods Inc.   1,714,198        67,539
Medifast Inc.     338,200        61,048
Nu Skin Enterprises Inc. Class A   1,407,134        60,929
Primo Water Corp.   4,521,307        60,495
Energizer Holdings Inc.   2,111,708        59,867
Albertsons Cos. Inc. Class A   2,238,215        59,805
* Hain Celestial Group Inc.   2,515,552        59,719
* Herbalife Nutrition Ltd.   2,865,929        58,608
Cal-Maine Foods Inc.   1,171,961        57,907
Edgewell Personal Care Co.   1,558,972        53,816
 
14

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
1 B&G Foods Inc.   2,024,201        48,135
J & J Snack Foods Corp.     343,046        47,910
* Pilgrim's Pride Corp.   1,420,069        44,349
Reynolds Consumer Products Inc.   1,590,363        43,369
Universal Corp.     704,767        42,638
MGP Ingredients Inc.     420,355        42,073
Vector Group Ltd.   3,879,087        40,730
*,1 Beyond Meat Inc.   1,698,691        40,667
* Olaplex Holdings Inc.   2,859,683        40,293
* Chefs' Warehouse Inc.   1,016,668        39,538
* Beauty Health Co.   2,896,815        37,253
Ingles Markets Inc. Class A     424,618        36,836
Weis Markets Inc.     481,664        35,903
National Beverage Corp.     702,281        34,370
Fresh Del Monte Produce Inc.   1,142,192        33,729
SpartanNash Co.   1,014,112        30,596
Andersons Inc.     912,203        30,094
Utz Brands Inc.   2,023,744        27,968
Brown-Forman Corp. Class A     394,662        26,695
Seaboard Corp.       6,801        26,405
* USANA Health Sciences Inc.     332,532        24,062
* Duckhorn Portfolio Inc.   1,039,351        21,889
*,1 Veru Inc.   1,876,315        21,202
Calavo Growers Inc.     496,532        20,715
John B Sanfilippo & Son Inc.     265,454        19,243
ACCO Brands Corp.   2,699,151        17,625
Tootsie Roll Industries Inc.     403,643        14,269
* Mission Produce Inc.   1,001,161        14,267
Turning Point Brands Inc.     456,482        12,384
*,1 22nd Century Group Inc.   5,522,465        11,763
1 PetMed Express Inc.     582,280        11,587
* Sovos Brands Inc.     716,600        11,372
*,1 Rite Aid Corp.   1,550,572        10,451
* Seneca Foods Corp. Class A     162,229         9,010
*,1 Benson Hill Inc.   3,024,692         8,288
*,1 Tattooed Chef Inc.   1,213,645         7,646
* Landec Corp.     751,182         7,489
Limoneira Co.     456,481         6,432
* Whole Earth Brands Inc.   1,037,374         6,432
*,1 Vita Coco Co. Inc.     654,853         6,411
*,1 AppHarvest Inc.   1,815,100         6,335
*,1 PLBY Group Inc.     930,659         5,956
          Shares Market
Value

($000)
*,1 GrowGeneration Corp.   1,657,947         5,952
*,1 HF Foods Group Inc.   1,044,964         5,455
* Nature's Sunshine Products Inc.     490,888         5,238
Natural Grocers by Vitamin Cottage Inc.     315,515         5,032
Village Super Market Inc. Class A     219,880         5,015
ProPhase Labs Inc.     388,369         4,925
1 Oil-Dri Corp. of America     153,584         4,707
Alico Inc.     128,257         4,570
* Vital Farms Inc.     469,787         4,111
* Honest Co. Inc.   1,363,479         3,981
*,1 AquaBounty Technologies Inc.   2,221,024         3,798
*,1 Splash Beverage Group Inc.   1,021,713         3,055
*,1 Local Bounti Corp.     856,440         2,723
Lifevantage Corp.     437,030         1,901
*,1 Blue Apron Holdings Inc. Class A     499,925         1,820
* Natural Alternatives International Inc.     162,521         1,697
Ocean Bio-Chem Inc.     124,500         1,604
*,1 BRC Inc. Class A     196,100         1,600
*,1 Barfresh Food Group Inc.     278,615         1,574
*,1 MedAvail Holdings Inc.     997,045         1,525
* Farmer Bros Co.     293,967         1,379
* Real Good Food Co. Inc. Class A     175,743         1,235
*,1 LifeMD Inc.     533,737         1,089
* Urban-Gro Inc.     224,273         1,085
* RiceBran Technologies   1,534,464         1,028
AMCON Distributing Co.       6,105           995
*,1 Alkaline Water Co. Inc.   2,518,226           990
*,1 Kaival Brands Innovations Group Inc.     602,288           952
* Rocky Mountain Chocolate Factory Inc.     133,036           917
*,1 Zevia PBC Class A     319,686           898
* Willamette Valley Vineyards Inc.     139,231           873
*,1 NewAge Inc.   3,463,651           776
* Better Choice Co. Inc.     297,634           655
* S&W Seed Co.     566,099           572
Coffee Holding Co. Inc.     230,234           562
 
15

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Bridgford Foods Corp.      39,983           527
Mannatech Inc.      30,953           515
*,1 Arcadia Biosciences Inc.     483,138           483
* MamaMancini's Holdings Inc.     332,476           465
*,1 Boxed Inc.     228,600           423
* Lifeway Foods Inc.      78,472           390
* Reed's Inc.   2,402,268           375
*,1 Greenlane Holdings Inc. Class A   1,732,911           340
*,1 Laird Superfood Inc.     174,620           334
* Nuzee Inc.     319,610           323
* Zivo Bioscience Inc.      81,788           321
* Stryve Foods Inc. Class A     316,090           278
* Eastside Distilling Inc.     341,987           236
*,1 Yield10 Bioscience Inc.      75,975           171
*,1 Guardion Health Sciences Inc.     787,758           114
*,1 Calyxt Inc.      73,912            18
* Blue Star Foods Corp.       9,131            11
* Winc Inc.       3,200             5
                       64,319,872
Energy (4.4%)
Exxon Mobil Corp. 124,203,497    10,636,787
Chevron Corp.  52,137,944     7,548,532
ConocoPhillips  38,138,209     3,425,193
EOG Resources Inc.  17,273,532     1,907,689
Pioneer Natural Resources Co.   6,776,997     1,511,812
Schlumberger NV  41,681,306     1,490,523
Marathon Petroleum Corp.  15,947,490     1,311,043
Occidental Petroleum Corp.  22,109,458     1,301,805
Valero Energy Corp.  12,034,190     1,278,994
Phillips 66  14,187,582     1,163,240
Williams Cos. Inc.  35,907,633     1,120,677
Devon Energy Corp.  19,454,738     1,072,151
Kinder Morgan Inc.  60,159,076     1,008,266
Cheniere Energy Inc.   6,746,764       897,522
Hess Corp.   8,261,338       875,206
Baker Hughes Co.  29,033,841       838,207
* Enphase Energy Inc.   3,981,880       777,422
Halliburton Co.  23,935,771       750,626
ONEOK Inc.  13,166,919       730,764
Diamondback Energy Inc.   5,236,548       634,408
Coterra Energy Inc.  22,583,114       582,418
Marathon Oil Corp.  20,863,815       469,019
          Shares Market
Value

($000)
Targa Resources Corp.   6,719,087       400,928
APA Corp.   9,967,848       347,878
EQT Corp.   9,803,104       337,227
Ovintiv Inc.   7,613,982       336,462
1 Chesapeake Energy Corp.   3,750,050       304,129
*,1 Plug Power Inc.  17,043,022       282,403
Texas Pacific Land Corp.     182,639       271,770
* Antero Resources Corp.   8,254,948       253,014
* Southwestern Energy Co.  32,909,136       205,682
NOV Inc.  11,573,981       195,716
HF Sinclair Corp.   4,284,496       193,488
* First Solar Inc.   2,832,011       192,945
* Range Resources Corp.   7,566,643       187,274
PDC Energy Inc.   2,929,711       180,499
Matador Resources Co.   3,301,499       153,817
DT Midstream Inc.   2,859,055       140,151
Murphy Oil Corp.   4,345,550       131,192
SM Energy Co.   3,585,470       122,587
Helmerich & Payne Inc.   2,800,509       120,590
ChampionX Corp.   6,002,707       119,154
Magnolia Oil & Gas Corp. Class A   5,089,667       106,832
Continental Resources Inc.   1,609,618       105,189
*,1 ChargePoint Holdings Inc.   7,417,076       101,540
Patterson-UTI Energy Inc.   6,402,767       100,908
California Resources Corp.   2,280,201        87,788
* PBF Energy Inc. Class A   3,016,006        87,524
* Denbury Inc.   1,410,908        84,640
Antero Midstream Corp.   9,209,811        83,349
Whiting Petroleum Corp.   1,153,802        78,493
Civitas Resources Inc.   1,498,593        78,361
Equitrans Midstream Corp.  12,142,423        77,226
* CNX Resources Corp.   4,593,446        75,608
* Peabody Energy Corp.   3,384,133        72,184
Cactus Inc. Class A   1,690,039        68,058
Arcosa Inc.   1,427,186        66,264
Arch Resources Inc.     455,283        65,146
Chord Energy Corp.     516,850        62,875
 
16

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
1 New Fortress Energy Inc. Class A   1,537,218        60,828
Alpha Metallurgical Resources Inc.     469,745        60,658
* NexTier Oilfield Solutions Inc.   6,122,995        58,230
* Transocean Ltd.  17,029,448        56,708
* Delek US Holdings Inc.   2,101,758        54,309
* Liberty Energy Inc. Class A   4,146,515        52,910
Enviva Inc.     888,178        50,822
* Callon Petroleum Co.   1,277,414        50,075
Northern Oil & Gas Inc.   1,933,569        48,842
Warrior Met Coal Inc.   1,520,799        46,552
* Array Technologies Inc.   4,216,459        46,423
* Tellurian Inc.  15,051,151        44,852
* Weatherford International plc   2,074,309        43,913
* Green Plains Inc.   1,507,146        40,949
* Ameresco Inc. Class A     893,874        40,725
*,1 SunPower Corp.   2,566,737        40,580
*,1 FuelCell Energy Inc.  10,238,717        38,395
* CONSOL Energy Inc.     766,531        37,851
Brigham Minerals Inc. Class A   1,485,208        36,581
Archrock Inc.   4,374,286        36,175
World Fuel Services Corp.   1,759,361        35,997
* Nabors Industries Ltd.     262,404        35,136
* Centennial Resource Development Inc. Class A   5,857,731        35,029
* Laredo Petroleum Inc.     484,748        33,419
* NOW Inc.   3,285,839        32,135
* Oceaneering International Inc.   2,965,542        31,672
*,1 Stem Inc.   4,320,625        30,936
* Noble Corp.   1,199,760        30,414
* Shoals Technologies Group Inc. Class A   1,817,962        29,960
CVR Energy Inc.     892,260        29,891
* Gulfport Energy Corp.     371,646        29,550
* Comstock Resources Inc.   2,416,688        29,194
* Talos Energy Inc.   1,818,205        28,128
1 Core Laboratories NV   1,385,507        27,447
* Dril-Quip Inc.   1,021,571        26,357
* ProPetro Holding Corp.   2,616,764        26,168
          Shares Market
Value

($000)
* Tidewater Inc.   1,118,301        23,585
* Par Pacific Holdings Inc.   1,499,354        23,375
* MRC Global Inc.   2,310,782        23,015
* Ranger Oil Corp.     618,155        20,319
*,1 Earthstone Energy Inc. Class A   1,278,456        17,451
* Diamond Offshore Drilling Inc.   2,931,400        17,266
*,1 Montauk Renewables Inc.   1,696,905        17,054
SunCoke Energy Inc.   2,447,439        16,667
* Bristow Group Inc. Class A     672,064        15,726
* RPC Inc.   2,243,403        15,502
Berry Corp.   2,012,714        15,337
* SandRidge Energy Inc.     920,016        14,417
* TETRA Technologies Inc.   3,406,248        13,829
* REX American Resources Corp.     159,051        13,488
1 Kinetik Holdings Inc. Class A     393,252        13,426
* Helix Energy Solutions Group Inc.   4,308,876        13,358
*,1 Gevo Inc.   5,623,822        13,216
* Select Energy Services Inc. Class A   1,903,133        12,979
* TPI Composites Inc.   1,021,229        12,765
*,1 EVgo Inc.   2,025,625        12,174
* W&T Offshore Inc.   2,772,648        11,978
1 Crescent Energy Co. Class A     934,596        11,664
1 VAALCO Energy Inc.   1,607,993        11,159
Solaris Oilfield Infrastructure Inc. Class A     924,192        10,055
*,1 Fluence Energy Inc. Class A   1,056,062        10,011
* DMC Global Inc.     547,995         9,880
* Oil States International Inc.   1,780,574         9,651
*,1 SilverBow Resources Inc.     325,084         9,219
Ramaco Resources Inc.     651,180         8,563
* Centrus Energy Corp. Class A     342,567         8,479
*,1 ProFrac Holding Corp. Class A     459,789         8,419
Sitio Royalties Corp.     329,389         7,635
* Newpark Resources Inc.   2,465,453         7,618
*,1 NextDecade Corp.   1,693,218         7,518
* Amplify Energy Corp.   1,044,290         6,830
*,1 Ring Energy Inc.   2,166,776         5,764
 
17

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Solid Power Inc.     998,000         5,369
*,1 Aemetis Inc.     909,905         4,468
*,1 ESS Tech Inc.   1,588,400         4,463
*,1 Camber Energy Inc.  10,962,939         4,356
*,1 Volta Inc.   3,314,921         4,309
Evolution Petroleum Corp.     784,579         4,284
*,1 FTC Solar Inc.   1,180,200         4,272
NACCO Industries Inc. Class A     111,685         4,233
*,1 Beam Global     268,717         4,170
* Matrix Service Co.     756,599         3,828
* American Superconductor Corp.     706,925         3,662
* Ranger Energy Services Inc. Class A     357,073         3,621
* Natural Gas Services Group Inc.     320,025         3,520
*,1 Hallador Energy Co.     634,784         3,434
* SEACOR Marine Holdings Inc.     528,307         3,043
* Exterran Corp.     689,135         2,963
*,1 Empire Petroleum Corp.     234,700         2,786
Epsilon Energy Ltd.     433,717         2,555
PHX Minerals Inc.     779,043         2,368
* Forum Energy Technologies Inc.     119,145         2,338
*,1 Advent Technologies Holdings Inc.     906,752         2,285
*,1 Nabors Industries Ltd. Warrants Exp. 6/11/26      70,676         2,260
Adams Resources & Energy Inc.      67,642         2,177
*,1 American Resources Corp.   1,448,956         2,101
* Geospace Technologies Corp.     385,060         1,825
* Ideal Power Inc.     149,114         1,825
* Battalion Oil Corp.     207,283         1,768
*,1 Flotek Industries Inc.   1,758,250         1,744
*,1 Ecoark Holdings Inc.     606,969         1,590
*,1 Sunworks Inc.   1,002,214         1,583
* PrimeEnergy Resources Corp.      18,526         1,452
*,1 KLX Energy Services Holdings Inc.     293,070         1,269
* Gulf Island Fabrication Inc.     364,861         1,222
*,1 US Well Services Inc.   1,260,270         1,184
* Profire Energy Inc.     786,592         1,133
* Nine Energy Service Inc.     409,723         1,086
          Shares Market
Value

($000)
*,1 Houston American Energy Corp.     226,500         1,040
* PEDEVCO Corp.     768,132           883
* iSun Inc.     262,173           852
* Smart Sand Inc.     400,307           801
* Capstone Green Energy Corp.     315,496           779
* Mexco Energy Corp.      44,605           767
* Enservco Corp.     374,605           734
*,1 Ocean Power Technologies Inc.   1,300,479           733
* Barnwell Industries Inc.     267,900           630
* Mammoth Energy Services Inc.     231,389           509
* Independence Contract Drilling Inc.     158,897           497
US Energy Corp. Wyoming     140,626           487
* NCS Multistage Holdings Inc.      15,582           477
* Dawson Geophysical Co.     288,312           386
* MIND Technology Inc.     424,703           374
* Stabilis Solutions Inc.      67,322           270
* Superior Drilling Products Inc.     247,328           245
* Energy Services of America Corp.     101,160           208
*,1 New Concept Energy Inc.     121,740           187
Pineapple Energy Inc.      69,639           163
*,2 Pineapple Energy Inc. CVR      69,639             8
* Tidewater Inc. Class A Warrants Exp. 7/31/23       8,839             6
*,1 Tidewater Inc. Class B Warrants Exp. 7/31/23       9,555             3
*,1,2 Harvest Natural Resources Inc.      51,829            —
                       49,229,983
Financials (11.1%)
* Berkshire Hathaway Inc. Class B  49,381,847    13,482,232
JPMorgan Chase & Co.  86,593,445     9,751,288
Bank of America Corp. 201,895,310     6,285,001
Wells Fargo & Co. 111,756,788     4,377,513
S&P Global Inc.  10,021,093     3,377,710
Morgan Stanley  41,262,258     3,138,407
Goldman Sachs Group Inc.   9,688,746     2,877,751
 
18

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Charles Schwab Corp.  45,543,506     2,877,439
BlackRock Inc.   4,243,317     2,584,350
Citigroup Inc.  54,387,860     2,501,298
Chubb Ltd.  11,862,901     2,332,009
Marsh & McLennan Cos. Inc.  14,816,993     2,300,338
CME Group Inc.  10,597,924     2,169,395
Progressive Corp.  17,245,778     2,005,167
PNC Financial Services Group Inc.  12,190,949     1,923,366
Blackstone Inc.  20,662,468     1,885,037
Truist Financial Corp.  39,247,348     1,861,502
US Bancorp  39,417,641     1,814,000
Aon plc Class A   5,949,142     1,604,365
Intercontinental Exchange Inc.  16,458,422     1,547,750
Moody's Corp.   4,623,938     1,257,572
Travelers Cos. Inc.   7,073,709     1,196,376
American International Group Inc.  23,359,198     1,194,356
MetLife Inc.  17,961,855     1,127,825
Prudential Financial Inc.  11,057,139     1,057,947
Allstate Corp.   8,109,846     1,027,761
Arthur J Gallagher & Co.   6,196,420     1,010,264
Aflac Inc.  17,082,895       945,197
MSCI Inc.   2,276,973       938,454
Bank of New York Mellon Corp.  21,445,358       894,486
M&T Bank Corp.   5,292,809       843,621
Discover Financial Services   8,285,875       783,678
Ameriprise Financial Inc.   3,239,847       770,047
KKR & Co. Inc.  16,613,042       769,018
First Republic Bank   5,300,726       764,365
T. Rowe Price Group Inc.   6,701,695       761,380
* SVB Financial Group   1,736,057       685,725
Fifth Third Bancorp  20,235,065       679,898
Willis Towers Watson plc   3,288,328       649,083
Hartford Financial Services Group Inc.   9,695,083       634,349
Northern Trust Corp.   5,840,743       563,515
Cincinnati Financial Corp.   4,496,323       534,973
Citizens Financial Group Inc.  14,616,639       521,668
Nasdaq Inc.   3,396,770       518,143
Regions Financial Corp.  27,580,175       517,128
Raymond James Financial Inc.   5,750,546       514,156
          Shares Market
Value

($000)
Huntington Bancshares Inc.  42,477,412       511,003
Principal Financial Group Inc.   7,446,782       497,371
Broadridge Financial Solutions Inc.   3,459,601       493,166
* Markel Corp.     379,910       491,319
* Arch Capital Group Ltd.  10,517,961       478,462
State Street Corp.   7,697,026       474,522
KeyCorp  27,454,631       473,043
Apollo Global Management Inc.   9,329,168       452,278
* Berkshire Hathaway Inc. Class A       1,051       429,806
FactSet Research Systems Inc.   1,117,373       429,708
LPL Financial Holdings Inc.   2,238,146       412,893
W R Berkley Corp.   5,855,085       399,668
Brown & Brown Inc.   6,655,491       388,281
Loews Corp.   6,164,076       365,283
Cboe Global Markets Inc.   3,131,580       354,464
First Horizon Corp.  15,782,000       344,995
Everest Re Group Ltd.   1,161,310       325,492
* Alleghany Corp.     376,486       313,650
Ally Financial Inc.   9,048,326       303,209
American Financial Group Inc.   2,134,644       296,310
Equitable Holdings Inc.  11,215,973       292,400
Fidelity National Financial Inc.   7,848,549       290,082
Comerica Inc.   3,857,337       283,051
Signature Bank   1,558,013       279,212
Assurant Inc.   1,592,685       275,296
East West Bancorp Inc.   4,185,273       271,206
Annaly Capital Management Inc.  45,880,601       271,154
MarketAxess Holdings Inc.   1,057,980       270,853
Ares Management Corp. Class A   4,557,393       259,133
Globe Life Inc.   2,620,303       255,401
Carlyle Group Inc.   7,464,433       236,324
Reinsurance Group of America Inc.   1,979,128       232,132
First Citizens BancShares Inc. Class A     353,615       231,186
Zions Bancorp NA   4,467,487       227,395
Webster Financial Corp.   5,264,020       221,878
 
19

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Tradeweb Markets Inc. Class A   3,169,212       216,299
Invesco Ltd.  13,398,382       216,116
Western Alliance Bancorp   3,036,373       214,368
Lincoln National Corp.   4,574,648       213,956
Commerce Bancshares Inc.   3,208,863       210,662
Franklin Resources Inc.   8,828,822       205,800
RenaissanceRe Holdings Ltd.   1,303,078       203,762
Cullen/Frost Bankers Inc.   1,699,022       197,851
SEI Investments Co.   3,637,708       196,509
*,1 Coinbase Global Inc. Class A   4,101,415       192,849
Morningstar Inc.     758,302       183,380
Old Republic International Corp.   8,183,092       182,974
Voya Financial Inc.   3,012,030       179,306
Starwood Property Trust Inc.   8,574,956       179,131
Prosperity Bancshares Inc.   2,583,879       176,401
SouthState Corp.   2,224,668       171,633
Unum Group   5,035,789       171,318
AGNC Investment Corp.  15,445,510       170,982
Stifel Financial Corp.   2,981,098       167,001
First American Financial Corp.   3,004,990       159,024
First Financial Bankshares Inc.   4,012,615       157,575
Popular Inc.   2,033,461       156,434
Glacier Bancorp Inc.   3,286,875       155,864
Selective Insurance Group Inc.   1,783,936       155,095
Pinnacle Financial Partners Inc.   2,138,067       154,604
Interactive Brokers Group Inc. Class A   2,757,263       151,677
RLI Corp.   1,269,262       147,983
Kinsale Capital Group Inc.     640,677       147,125
Synovus Financial Corp.   4,061,019       146,400
Erie Indemnity Co. Class A     750,517       144,242
*,1 Robinhood Markets Inc. Class A  17,513,698       143,963
Wintrust Financial Corp.   1,774,980       142,265
United Bankshares Inc.   3,990,904       139,961
          Shares Market
Value

($000)
Hanover Insurance Group Inc.     942,960       137,908
Primerica Inc.   1,147,099       137,296
Jefferies Financial Group Inc.   4,942,605       136,515
Cadence Bank   5,678,275       133,326
Affiliated Managers Group Inc.   1,142,679       133,236
Valley National Bancorp  12,714,939       132,363
Blackstone Mortgage Trust Inc. Class A   4,753,255       131,523
Axis Capital Holdings Ltd.   2,265,701       129,349
Old National Bancorp   8,650,656       127,943
New Residential Investment Corp.  13,720,146       127,872
SLM Corp.   7,952,681       126,766
Bank OZK   3,361,332       126,151
OneMain Holdings Inc.   3,314,741       123,905
1 Blue Owl Capital Inc. Class A  12,308,874       123,458
Home BancShares Inc.   5,779,764       120,046
New York Community Bancorp Inc.  13,085,123       119,467
Houlihan Lokey Inc. Class A   1,491,995       117,763
Essent Group Ltd.   3,009,241       117,059
MGIC Investment Corp.   9,118,999       114,899
ServisFirst Bancshares Inc.   1,446,164       114,131
FNB Corp.  10,391,415       112,851
Umpqua Holdings Corp.   6,397,197       107,281
Hancock Whitney Corp.   2,419,933       107,276
*,1 SoFi Technologies Inc.  20,202,667       106,468
First Interstate BancSystem Inc. Class A   2,756,629       105,055
Independent Bank Corp. (Massachusetts)   1,312,939       104,287
White Mountains Insurance Group Ltd.      83,641       104,228
1 Lazard Ltd. Class A   3,159,022       102,384
Community Bank System Inc.   1,607,607       101,729
Assured Guaranty Ltd.   1,795,610       100,177
Radian Group Inc.   5,091,854       100,055
UMB Financial Corp.   1,142,841        98,399
 
20

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
CVB Financial Corp.   3,959,272        98,230
* Ryan Specialty Holdings Inc. Class A   2,440,120        95,628
Evercore Inc. Class A   1,019,429        95,429
United Community Banks Inc.   3,143,549        94,904
Janus Henderson Group plc   3,956,951        93,028
FirstCash Holdings Inc.   1,336,258        92,883
PacWest Bancorp   3,460,183        92,248
*,1 Credit Acceptance Corp.     194,090        91,884
Kemper Corp.   1,898,305        90,929
* Brighthouse Financial Inc.   2,206,360        90,505
Walker & Dunlop Inc.     931,898        89,779
Eastern Bankshares Inc.   4,848,081        89,496
Bank of Hawaii Corp.   1,194,880        88,899
First Hawaiian Inc.   3,782,858        85,909
BankUnited Inc.   2,410,434        85,739
Pacific Premier Bancorp Inc.   2,837,467        82,968
Cathay General Bancorp   2,111,241        82,655
Federated Hermes Inc. Class B   2,571,273        81,741
American Equity Investment Life Holding Co.   2,204,716        80,626
* Texas Capital Bancshares Inc.   1,499,740        78,946
Ameris Bancorp   1,950,110        78,355
Simmons First National Corp. Class A   3,667,402        77,969
Associated Banc-Corp   4,207,464        76,828
WSFS Financial Corp.   1,909,445        76,550
Moelis & Co. Class A   1,919,118        75,517
First Bancorp (XNYS)   5,830,720        75,275
Independent Bank Group Inc.   1,063,097        72,195
* Mr Cooper Group Inc.   1,955,642        71,850
Atlantic Union Bankshares Corp.   2,110,952        71,604
Virtu Financial Inc. Class A   2,951,226        69,088
* Enstar Group Ltd.     319,018        68,263
Artisan Partners Asset Management Inc. Class A   1,892,130        67,303
Fulton Financial Corp.   4,619,857        66,757
          Shares Market
Value

($000)
Columbia Banking System Inc.   2,324,733        66,604
* Trupanion Inc.   1,084,891        65,376
International Bancshares Corp.   1,590,554        63,749
*,1 Upstart Holdings Inc.   1,998,139        63,181
Hamilton Lane Inc. Class A     935,573        62,852
CNO Financial Group Inc.   3,434,669        62,133
First Merchants Corp.   1,739,035        61,944
1 Chimera Investment Corp.   6,996,924        61,713
BOK Financial Corp.     813,990        61,521
1 Jackson Financial Inc. Class A   2,287,275        61,185
Seacoast Banking Corp. of Florida   1,824,099        60,268
Arbor Realty Trust Inc.   4,448,727        58,323
Washington Federal Inc.   1,934,340        58,069
Navient Corp.   4,138,042        57,891
Banner Corp.   1,021,299        57,407
* Axos Financial Inc.   1,600,021        57,361
Piper Sandler Cos.     498,740        56,537
WesBanco Inc.   1,722,490        54,620
Towne Bank   2,001,642        54,345
* Genworth Financial Inc. Class A  15,181,346        53,590
Flagstar Bancorp Inc.   1,508,786        53,486
First Financial Bancorp   2,703,315        52,444
Park National Corp.     431,254        52,290
Two Harbors Investment Corp.  10,322,326        51,405
BancFirst Corp.     531,851        50,903
Sandy Spring Bancorp Inc.   1,272,435        49,714
* Focus Financial Partners Inc. Class A   1,452,936        49,487
Stock Yards Bancorp Inc.     825,508        49,382
Lakeland Financial Corp.     720,973        47,887
Trustmark Corp.   1,637,695        47,804
* Silvergate Capital Corp. Class A     883,368        47,287
Horace Mann Educators Corp.   1,225,413        47,031
Hope Bancorp Inc.   3,390,821        46,929
Cohen & Steers Inc.     723,373        45,999
PJT Partners Inc. Class A     652,524        45,859
Northwest Bancshares Inc.   3,568,914        45,682
 
21

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
NBT Bancorp Inc.   1,213,925        45,631
Renasant Corp.   1,581,483        45,563
Eagle Bancorp Inc.     955,716        45,311
* Palomar Holdings Inc.     703,565        45,310
Provident Financial Services Inc.   2,006,445        44,663
Heartland Financial USA Inc.   1,071,432        44,507
Veritex Holdings Inc.   1,515,284        44,337
* Triumph Bancorp Inc.     703,132        43,988
* Cannae Holdings Inc.   2,272,386        43,948
Apollo Commercial Real Estate Finance Inc.   4,197,357        43,820
* NMI Holdings Inc. Class A   2,539,280        42,279
FB Financial Corp.   1,057,252        41,465
TriCo Bancshares     907,145        41,402
Westamerica Bancorp     742,291        41,316
* PRA Group Inc.   1,113,812        40,498
Safety Insurance Group Inc.     415,622        40,357
Enterprise Financial Services Corp.     969,005        40,214
Stewart Information Services Corp.     801,965        39,898
* BRP Group Inc. Class A   1,650,884        39,869
* Encore Capital Group Inc.     685,552        39,604
StepStone Group Inc. Class A   1,519,616        39,556
* StoneX Group Inc.     503,390        39,300
1 Hilltop Holdings Inc.   1,440,657        38,408
PennyMac Mortgage Investment Trust   2,766,349        38,259
Argo Group International Holdings Ltd.   1,029,437        37,945
ProAssurance Corp.   1,594,213        37,671
1 Compass Diversified Holdings   1,757,592        37,648
First Bancorp (XNGS)   1,068,690        37,297
OFG Bancorp   1,443,659        36,669
Ladder Capital Corp.   3,460,731        36,476
Mercury General Corp.     822,088        36,419
Virtus Investment Partners Inc.     209,868        35,892
First Commonwealth Financial Corp.   2,669,887        35,830
First Busey Corp.   1,560,247        35,652
Capitol Federal Financial Inc.   3,867,787        35,506
* LendingClub Corp.   2,998,954        35,058
          Shares Market
Value

($000)
PennyMac Financial Services Inc.     797,464        34,857
Ready Capital Corp.   2,849,337        33,964
Southside Bancshares Inc.     897,515        33,585
City Holding Co.     420,415        33,583
1 Franklin BSP Realty Trust Inc.   2,460,530        33,168
MFA Financial Inc.   3,041,407        32,695
Live Oak Bancshares Inc.     964,117        32,674
BGC Partners Inc. Class A   9,692,523        32,664
Employers Holdings Inc.     778,955        32,630
National Bank Holdings Corp. Class A     852,175        32,613
* Open Lending Corp. Class A   3,151,327        32,238
Meta Financial Group Inc.     822,428        31,803
iStar Inc.   2,310,937        31,683
OceanFirst Financial Corp.   1,641,300        31,398
Berkshire Hills Bancorp Inc.   1,262,521        31,273
New York Mortgage Trust Inc.  11,305,464        31,203
* Customers Bancorp Inc.     918,369        31,133
S&T Bancorp Inc.   1,115,948        30,610
AMERISAFE Inc.     570,152        29,654
First Foundation Inc.   1,441,723        29,527
Dime Community Bancshares Inc.     976,198        28,944
Brookline Bancorp Inc.   2,141,840        28,508
Preferred Bank     409,833        27,877
* Bancorp Inc.   1,414,509        27,611
TPG Inc. Class A   1,142,814        27,325
1 Redwood Trust Inc.   3,537,786        27,276
Banc of California Inc.   1,542,166        27,173
German American Bancorp Inc.     791,561        27,056
QCR Holdings Inc.     500,631        27,029
Lakeland Bancorp Inc.   1,826,573        26,705
Premier Financial Corp.   1,041,700        26,407
* Enova International Inc.     911,247        26,262
Heritage Financial Corp.   1,036,767        26,085
James River Group Holdings Ltd.   1,051,256        26,050
Broadmark Realty Capital Inc.   3,792,954        25,451
 
22


 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* MoneyGram International Inc.   2,544,718        25,447
KKR Real Estate Finance Trust Inc.   1,450,623        25,313
Tompkins Financial Corp.     350,250        25,253
Origin Bancorp Inc.     650,130        25,225
ConnectOne Bancorp Inc.   1,020,351        24,948
Goosehead Insurance Inc. Class A     545,944        24,933
* Columbia Financial Inc.   1,139,064        24,843
* Blucora Inc.   1,333,954        24,625
United Fire Group Inc.     714,294        24,450
1 Rocket Cos. Inc. Class A   3,316,945        24,413
Nelnet Inc. Class A     285,793        24,364
1 Claros Mortgage Trust Inc.   1,434,200        24,023
* Nicolet Bankshares Inc.     331,427        23,975
Amerant Bancorp Inc. Class A     846,216        23,796
Ellington Financial Inc.   1,572,980        23,076
Washington Trust Bancorp Inc.     473,811        22,918
Federal Agricultural Mortgage Corp. Class C     233,024        22,755
TFS Financial Corp.   1,605,671        22,046
Allegiance Bancshares Inc.     580,123        21,905
1 ARMOUR Residential REIT Inc.   3,081,000        21,690
*,1 Lemonade Inc.   1,183,492        21,611
* Metropolitan Bank Holding Corp.     310,975        21,588
Univest Financial Corp.     830,436        21,126
1 Enact Holdings Inc.     966,985        20,771
Kearny Financial Corp.   1,866,666        20,739
Peoples Bancorp Inc.     779,422        20,733
Hanmi Financial Corp.     918,817        20,618
B. Riley Financial Inc.     486,836        20,569
Victory Capital Holdings Inc. Class A     804,805        19,396
HarborOne Bancorp Inc.   1,368,579        18,873
Horizon Bancorp Inc.   1,076,412        18,751
          Shares Market
Value

($000)
First Mid Bancshares Inc.     521,337        18,596
WisdomTree Investments Inc.   3,662,568        18,569
HomeStreet Inc.     535,243        18,557
Heritage Commerce Corp.   1,681,145        17,971
Great Southern Bancorp Inc.     302,711        17,727
Brightsphere Investment Group Inc.     982,467        17,694
Community Trust Bancorp Inc.     436,138        17,637
Flushing Financial Corp.     829,044        17,625
Camden National Corp.     397,052        17,490
Cowen Inc. Class A     736,215        17,441
Old Second Bancorp Inc.   1,275,595        17,067
* MBIA Inc.   1,381,672        17,064
TrustCo Bank Corp.     545,231        16,815
Northfield Bancorp Inc.   1,272,874        16,586
Central Pacific Financial Corp.     772,162        16,563
First Bancshares Inc.     576,125        16,477
Dynex Capital Inc.   1,032,144        16,432
TPG RE Finance Trust Inc.   1,816,543        16,367
HCI Group Inc.     237,701        16,107
*,1 Marathon Digital Holdings Inc.   2,968,256        15,850
Cambridge Bancorp     187,772        15,529
*,1 Oscar Health Inc. Class A   3,618,343        15,378
Byline Bancorp Inc.     644,447        15,338
* CrossFirst Bankshares Inc.   1,158,387        15,291
Diamond Hill Investment Group Inc.      87,521        15,197
* Ambac Financial Group Inc.   1,332,545        15,124
*,1 Riot Blockchain Inc.   3,548,257        14,867
1 Orchid Island Capital Inc.   5,205,932        14,837
Granite Point Mortgage Trust Inc.   1,542,525        14,762
1 Invesco Mortgage Capital Inc.   1,001,844        14,707
Midland States Bancorp Inc.     605,594        14,558
* SiriusPoint Ltd.   2,665,000        14,444
Bank First Corp.     189,999        14,404
1 CBTX Inc.     539,023        14,333
 
23

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 CBL & Associates Properties Inc.     606,800        14,254
Peapack-Gladstone Financial Corp.     477,690        14,187
* LendingTree Inc.     319,452        13,998
* World Acceptance Corp.     124,692        13,995
Bank of Marin Bancorp     426,894        13,567
Mercantile Bank Corp.     424,074        13,549
First Financial Corp.     303,859        13,522
Farmers National Banc Corp.     895,587        13,434
Business First Bancshares Inc.     622,921        13,274
BrightSpire Capital Inc. Class A   1,758,048        13,273
First Community Bankshares Inc.     439,750        12,933
Equity Bancshares Inc. Class A     432,117        12,601
Hingham Institution For Savings      43,253        12,274
Republic Bancorp Inc. Class A     253,793        12,246
* AssetMark Financial Holdings Inc.     640,865        12,029
Arrow Financial Corp.     372,188        11,839
Financial Institutions Inc.     450,573        11,724
P10 Inc. Class A   1,053,805        11,718
* Coastal Financial Corp.     303,462        11,568
* EZCORP Inc. Class A   1,538,575        11,555
Independent Bank Corp. (Michigan)     598,641        11,542
National Western Life Group Inc. Class A      55,873        11,325
Metrocity Bankshares Inc.     554,638        11,265
Farmers & Merchants Bancorp Inc.     333,453        11,067
CNB Financial Corp.     455,730        11,024
First of Long Island Corp.     623,888        10,937
Bar Harbor Bankshares     412,183        10,659
Capital City Bank Group Inc.     378,412        10,554
HomeTrust Bancshares Inc.     417,531        10,438
1st Source Corp.     229,330        10,412
Universal Insurance Holdings Inc.     798,817        10,409
          Shares Market
Value

($000)
American National Bankshares Inc.     296,822        10,273
Waterstone Financial Inc.     600,218        10,234
* Blue Foundry Bancorp     844,405        10,124
Peoples Financial Services Corp.     179,285        10,011
Citizens & Northern Corp.     409,413         9,896
* Southern First Bancshares Inc.     226,710         9,882
Southern Missouri Bancorp Inc.     217,810         9,858
Merchants Bancorp     434,604         9,852
Mid Penn Bancorp Inc.     365,174         9,849
Capstar Financial Holdings Inc.     501,215         9,834
SmartFinancial Inc.     401,450         9,699
West Bancorp Inc.     398,357         9,696
First Internet Bancorp     263,312         9,695
Shore Bancshares Inc.     509,859         9,432
MVB Financial Corp.     302,098         9,398
Primis Financial Corp.     682,667         9,305
* Bridgewater Bancshares Inc.     573,719         9,260
* Carter Bankshares Inc.     688,089         9,083
Alerus Financial Corp.     380,671         9,064
RBB Bancorp     435,114         8,994
First Bancorp Inc.     295,916         8,916
Guaranty Bancshares Inc.     245,483         8,899
1 UWM Holdings Corp. Class A   2,484,100         8,794
Sierra Bancorp     393,731         8,556
MidWestOne Financial Group Inc.     286,575         8,517
Civista Bancshares Inc.     398,946         8,482
Summit Financial Group Inc.     304,535         8,460
Enterprise Bancorp Inc.     255,668         8,230
Macatawa Bank Corp.     924,057         8,169
*,1 Hippo Holdings Inc.   9,247,900         8,125
Amalgamated Financial Corp.     404,457         8,000
BayCom Corp.     386,727         7,998
Regional Management Corp.     211,580         7,907
1 John Marshall Bancorp Inc.     346,600         7,812
 
24

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Donegal Group Inc. Class A     455,553         7,767
1 Five Star Bancorp     293,908         7,765
* Third Coast Bancshares Inc.     351,900         7,707
PCSB Financial Corp.     400,428         7,644
Northeast Bank     204,444         7,468
Orrstown Financial Services Inc.     307,627         7,435
* Professional Holding Corp. Class A     367,867         7,376
* SWK Holdings Corp.     422,178         7,375
BCB Bancorp Inc.     430,285         7,328
1 GCM Grosvenor Inc. Class A   1,068,829         7,321
Northrim Bancorp Inc.     176,916         7,123
AFC Gamma Inc.     464,341         7,118
Blue Ridge Bankshares Inc.     462,864         7,091
South Plains Financial Inc.     292,506         7,061
Oppenheimer Holdings Inc. Class A     213,217         7,045
First Bank     503,770         7,043
ACNB Corp.     236,741         7,029
Home Bancorp Inc.     205,685         7,020
1 Colony Bankcorp Inc.     463,412         6,993
Red River Bancshares Inc.     127,746         6,909
Esquire Financial Holdings Inc.     206,705         6,883
* FVCBankcorp Inc.     360,895         6,796
Provident Bancorp Inc.     432,492         6,790
* eHealth Inc.     718,465         6,703
Tiptree Inc. Class A     630,245         6,693
PCB Bancorp     355,560         6,642
Codorus Valley Bancorp Inc.     285,570         6,428
* Oportun Financial Corp.     776,546         6,422
First Business Financial Services Inc.     205,340         6,405
Parke Bancorp Inc.     290,867         6,097
* First Western Financial Inc.     220,842         6,005
Great Ajax Corp.     625,287         5,997
* Clearwater Analytics Holdings Inc. Class A     497,034         5,984
Investors Title Co.      37,598         5,899
HBT Financial Inc.     330,067         5,898
Ames National Corp.     265,164         5,881
          Shares Market
Value

($000)
*,1 Ponce Financial Group Inc.     628,749         5,810
Investar Holding Corp.     262,066         5,739
FS Bancorp Inc.     199,645         5,732
Community Financial Corp.     155,233         5,725
Unity Bancorp Inc.     216,027         5,720
*,1 Citizens Inc. Class A   1,340,088         5,615
* Ocwen Financial Corp.     204,363         5,600
Manning & Napier Inc. Class A     447,715         5,583
National Bankshares Inc.     173,594         5,451
* Greenlight Capital Re Ltd. Class A     694,791         5,371
Bankwell Financial Group Inc.     172,076         5,343
1 Capital Bancorp Inc.     244,721         5,310
1 Fidelity D&D Bancorp Inc.     129,702         5,279
Crawford & Co. Class B     746,601         5,264
Timberland Bancorp Inc.     207,724         5,193
MainStreet Bancshares Inc.     225,063         5,125
Meridian Corp.     167,194         5,066
Evans Bancorp Inc.     146,463         4,978
Norwood Financial Corp.     198,755         4,822
William Penn Bancorp     410,356         4,801
Northeast Community Bancorp Inc.     404,845         4,765
Greene County Bancorp Inc.     105,184         4,764
Territorial Bancorp Inc.     226,146         4,715
Bank of Princeton     170,560         4,684
Richmond Mutual Bancorp Inc.     333,035         4,656
Chemung Financial Corp.      98,140         4,613
C&F Financial Corp.      99,227         4,561
1 Southern States Bancshares Inc.     197,192         4,435
Eagle Bancorp Montana Inc.     222,646         4,433
OP Bancorp     422,079         4,428
Penns Woods Bancorp Inc.     189,259         4,370
LCNB Corp.     291,615         4,360
* Republic First Bancorp Inc.   1,142,193         4,352
 
25

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Central Valley Community Bancorp     300,097         4,351
Nexpoint Real Estate Finance Inc.     213,897         4,336
Sachem Capital Corp.   1,059,367         4,322
1 ESSA Bancorp Inc.     253,876         4,265
Plumas Bancorp     148,640         4,242
*,1 Hagerty Inc. Class A     363,800         4,180
Medallion Financial Corp.     650,658         4,164
AG Mortgage Investment Trust Inc.     615,108         4,152
Silvercrest Asset Management Group Inc. Class A     249,318         4,091
1 First Guaranty Bancshares Inc.     167,977         4,084
1 Orange County Bancorp Inc.     107,232         4,072
Sculptor Capital Management Inc. Class A     486,498         4,062
Western New England Bancorp Inc.     541,360         4,039
*,1 Sunlight Financial Holdings Inc.   1,368,600         4,037
1 Hawthorn Bancshares Inc.     157,895         4,025
* Consumer Portfolio Services Inc.     390,029         3,998
*,1 Doma Holdings Inc.   3,869,974         3,986
First Savings Financial Group Inc.     165,222         3,955
* NI Holdings Inc.     240,510         3,952
FNCB Bancorp Inc.     493,500         3,948
Citizens Community Bancorp Inc.     282,098         3,901
ChoiceOne Financial Services Inc.     192,470         3,876
Luther Burbank Corp.     295,282         3,853
1 Finward Bancorp     101,400         3,801
* California Bancorp     198,314         3,770
* Pioneer Bancorp Inc.     382,436         3,748
Peoples Bancorp of North Carolina Inc.     137,293         3,729
Riverview Bancorp Inc.     558,880         3,677
* Root Inc. Class A   3,078,300         3,663
Salisbury Bancorp Inc.      77,320         3,651
First Financial Northwest Inc.     230,131         3,576
First Community Corp.     186,158         3,569
Greenhill & Co. Inc.     386,465         3,563
          Shares Market
Value

($000)
* Maiden Holdings Ltd.   1,833,912         3,558
First United Corp.     188,149         3,530
*,1 Bakkt Holdings Inc.   1,675,400         3,518
Seven Hills Realty Trust     324,696         3,468
1 Cherry Hill Mortgage Investment Corp.     540,434         3,459
First Northwest Bancorp     219,290         3,421
* Sterling Bancorp Inc.     588,889         3,357
*,1 MarketWise Inc.     929,154         3,345
SB Financial Group Inc.     192,368         3,320
* Trean Insurance Group Inc.     530,381         3,304
Middlefield Banc Corp.     129,280         3,258
Pzena Investment Management Inc. Class A     493,761         3,254
Federal Agricultural Mortgage Corp. Class A      35,555         3,235
1 Chicago Atlantic Real Estate Finance Inc.     213,600         3,217
Curo Group Holdings Corp.     575,636         3,183
1 CB Financial Services Inc.     137,667         3,147
Oak Valley Bancorp     182,519         3,139
* Arlington Asset Investment Corp. Class A     964,778         3,136
Westwood Holdings Group Inc.     222,721         3,074
HMN Financial Inc.     132,983         3,069
First National Corp.     167,836         3,063
Ohio Valley Banc Corp.     101,374         3,059
Partners Bancorp     320,406         2,895
BankFinancial Corp.     308,169         2,894
1 Angel Oak Mortgage Inc.     216,627         2,807
Guild Holdings Co. Class A     271,900         2,771
Summit State Bank     181,477         2,762
Prudential Bancorp Inc.     179,178         2,711
Limestone Bancorp Inc.     146,744         2,702
1 Ellington Residential Mortgage REIT     361,184         2,698
United Security Bancshares     348,691         2,657
Provident Financial Holdings Inc.     178,916         2,653
 
26

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
GAMCO Investors Inc. Class A     121,387         2,537
* Bogota Financial Corp.     223,811         2,509
Bank7 Corp.     109,773         2,507
* Security National Financial Corp. Class A     293,859         2,486
* Velocity Financial Inc.     225,504         2,478
Randolph Bancorp Inc.      92,565         2,448
Citizens Holding Co.     130,509         2,388
Landmark Bancorp Inc.      92,095         2,334
* Kingsway Financial Services Inc.     391,450         2,231
1 Union Bankshares Inc.      85,053         2,224
*,1 BM Technologies Inc.     352,423         2,076
1 TC Bancshares Inc.     151,263         2,057
* Catalyst Bancorp Inc.     151,200         2,046
Sound Financial Bancorp Inc.      53,437         2,028
*,1 NSTS Bancorp Inc.     186,636         2,021
* ACRES Commercial Realty Corp.     245,355         2,009
Heritage Insurance Holdings Inc.     757,606         2,000
* Elevate Credit Inc.     834,643         1,970
*,1 Romeo Power Inc.   4,109,562         1,844
1 Bayfirst Financial Corp.      95,510         1,810
Associated Capital Group Inc. Class A      48,920         1,753
Lument Finance Trust Inc.     736,731         1,753
* Finwise Bancorp     186,587         1,741
Auburn National Bancorp Inc.      63,021         1,704
Western Asset Mortgage Capital Corp.   1,397,650         1,691
* MetroMile Inc.   1,800,516         1,652
1 IF Bancorp Inc.      85,645         1,627
US Global Investors Inc. Class A     363,058         1,590
Cullman Bancorp Inc.     139,542         1,578
CF Bankshares Inc.      74,786         1,571
* USCB Financial Holdings Inc.     130,762         1,509
* Heritage Global Inc.     983,242         1,475
United Bancshares Inc.      51,141         1,455
* Rhinebeck Bancorp Inc.     154,020         1,446
          Shares Market
Value

($000)
1 Hennessy Advisors Inc.     138,296         1,444
Manhattan Bridge Capital Inc.     253,648         1,420
AmeriServ Financial Inc.     351,198         1,384
* Great Elm Group Inc.     643,568         1,384
* Safeguard Scientifics Inc.     370,901         1,383
* Nicholas Financial Inc.     148,305         1,382
loanDepot Inc. Class A     959,700         1,382
* Patriot National Bancorp Inc.     101,605         1,237
* Broadway Financial Corp.   1,113,701         1,181
*,1 GoHealth Inc. Class A   1,812,700         1,084
*,1 OppFi Inc.     280,326           922
* Affinity Bancshares Inc.      61,760           917
* FFBW Inc.      70,764           859
* Ashford Inc.      60,865           850
Kingstone Cos. Inc.     202,353           797
* Generations Bancorp NY Inc.      67,225           766
* Hallmark Financial Services Inc.     312,490           756
*,1 Finance of America Cos. Inc. Class A     441,495           693
Lake Shore Bancorp Inc.      49,379           691
United Insurance Holdings Corp.     437,240           682
*,1 Midwest Holding Inc.      54,219           651
*,1 Carver Bancorp Inc.     112,506           648
Mid-Southern Bancorp Inc.      33,699           471
* Oxbridge Re Holdings Ltd.     132,133           441
* Biorestorative Therapies Inc.     121,046           361
Kentucky First Federal Bancorp      44,526           355
1895 Bancorp of Wisconsin Inc.      31,035           318
*,1 Reliance Global Group Inc.     149,985           313
Oconee Federal Financial Corp.      13,431           297
* PB Bankshares Inc.      22,518           296
Village Bank & Trust Financial Corp.       5,510           257
*,1 Blackboxstocks Inc.     139,866           207
First Capital Inc.       7,533           204
* OptimumBank Holdings Inc.      48,881           196
 
27

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1,2 Palisade Bio Inc. CVR     204,224           196
* First Seacoast Bancorp      18,095           193
* NeuroOne Medical Technologies Corp.     231,480           190
* LM Funding America Inc.     226,285           184
* Impac Mortgage Holdings Inc.     244,016           142
* Texas Community Bancshares Inc.       7,372           121
Atlantic American Corp.      36,081            96
* FG Financial Group Inc.      34,257            50
Cincinnati Bancorp Inc.       3,324            49
* Siebert Financial Corp.      22,140            34
* Vericity Inc.       1,936            14
* CFSB Bancorp Inc.         536             5
*,1,2 Cogent Biosciences Inc. CVR     400,874            —
                      123,414,533
Health Care (14.2%)
UnitedHealth Group Inc.  27,661,599    14,207,827
Johnson & Johnson  77,587,134    13,772,492
Pfizer Inc. 165,450,615     8,674,576
Eli Lilly & Co.  25,215,442     8,175,603
AbbVie Inc.  52,102,462     7,980,013
Merck & Co. Inc.  74,561,132     6,797,738
Thermo Fisher Scientific Inc.  11,541,426     6,270,226
Abbott Laboratories  51,622,863     5,608,824
Danaher Corp.  19,291,375     4,890,749
Bristol-Myers Squibb Co.  62,767,327     4,833,084
Amgen Inc.  15,747,839     3,831,449
Medtronic plc  39,552,065     3,549,798
Elevance Health Inc.   7,108,553     3,430,445
Cigna Corp.   9,356,323     2,465,578
Gilead Sciences Inc.  36,977,238     2,285,563
Zoetis Inc.  12,491,900     2,147,233
* Vertex Pharmaceuticals Inc.   7,540,462     2,124,827
* Intuitive Surgical Inc.  10,585,160     2,124,547
Becton Dickinson & Co.   8,404,638     2,071,995
Stryker Corp.  10,033,715     1,996,007
* Regeneron Pharmaceuticals Inc.   3,025,654     1,788,555
Humana Inc.   3,730,057     1,745,928
* Edwards Lifesciences Corp.  18,332,739     1,743,260
          Shares Market
Value

($000)
* Boston Scientific Corp.  42,147,555     1,570,839
* Centene Corp.  17,251,995     1,459,691
* Moderna Inc.   9,969,380     1,424,126
* IQVIA Holdings Inc.   5,580,091     1,210,824
HCA Healthcare Inc.   6,535,533     1,098,362
Agilent Technologies Inc.   8,814,202     1,046,863
Baxter International Inc.  14,845,328       953,515
ResMed Inc.   4,314,905       904,534
* Biogen Inc.   4,319,668       880,953
* IDEXX Laboratories Inc.   2,477,084       868,788
* Dexcom Inc.  11,578,010       862,909
* Illumina Inc.   4,632,272       854,006
* Veeva Systems Inc. Class A   4,125,268       816,968
* Seagen Inc.   4,072,984       720,674
West Pharmaceutical Services Inc.   2,184,481       660,522
Zimmer Biomet Holdings Inc.   6,179,952       649,266
Laboratory Corp. of America Holdings   2,747,873       643,992
STERIS plc   2,953,805       608,927
* Avantor Inc.  17,868,769       555,719
* Align Technology Inc.   2,324,546       550,150
* Horizon Therapeutics plc   6,780,935       540,847
* Catalent Inc.   5,024,242       539,051
1 PerkinElmer Inc.   3,720,993       529,200
* Alnylam Pharmaceuticals Inc.   3,565,094       519,969
* Hologic Inc.   7,347,931       509,212
* Molina Healthcare Inc.   1,731,543       484,157
Quest Diagnostics Inc.   3,461,072       460,253
Cooper Cos. Inc.   1,453,267       455,047
* BioMarin Pharmaceutical Inc.   5,450,933       451,719
* Insulet Corp.   2,043,076       445,268
Royalty Pharma plc Class A  10,278,817       432,121
* Incyte Corp.   5,545,907       421,323
Cardinal Health Inc.   8,036,473       420,066
Bio-Techne Corp.   1,156,692       400,956
Viatris Inc.  35,742,586       374,225
Teleflex Inc.   1,382,320       339,843
* Charles River Laboratories International Inc.   1,497,390       320,397
* ABIOMED Inc.   1,275,839       315,783
* United Therapeutics Corp.   1,336,207       314,864
* Henry Schein Inc.   4,068,109       312,187
 
28

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Bio-Rad Laboratories Inc. Class A     623,960       308,860
* Neurocrine Biosciences Inc.   2,820,626       274,955
* Jazz Pharmaceuticals plc   1,745,037       272,243
* Repligen Corp.   1,634,437       265,433
* Elanco Animal Health Inc.  13,304,638       261,170
Organon & Co.   7,476,631       252,336
DENTSPLY SIRONA Inc.   6,341,901       226,596
* Syneos Health Inc.   3,029,551       217,158
Chemed Corp.     442,237       207,582
* Exact Sciences Corp.   5,200,880       204,863
* Exelixis Inc.   9,435,071       196,438
Bruker Corp.   3,086,930       193,736
* Masimo Corp.   1,471,238       192,247
* Shockwave Medical Inc.   1,004,062       191,947
Universal Health Services Inc. Class B   1,877,389       189,072
* Envista Holdings Corp.   4,801,754       185,060
* Sarepta Therapeutics Inc.   2,457,274       184,197
* Novocure Ltd.   2,623,025       182,300
* Acadia Healthcare Co. Inc.   2,672,223       180,722
* Halozyme Therapeutics Inc.   4,067,364       178,964
* Tenet Healthcare Corp.   3,182,005       167,246
Encompass Health Corp.   2,946,213       165,135
Perrigo Co. plc   3,971,496       161,124
* HealthEquity Inc.   2,492,751       153,030
* Inspire Medical Systems Inc.     811,909       148,311
* Omnicell Inc.   1,301,937       148,095
* Alkermes plc   4,814,166       143,414
* Intra-Cellular Therapies Inc.   2,498,723       142,627
* Teladoc Health Inc.   4,278,946       142,104
* LHC Group Inc.     867,993       135,181
* QuidelOrtho Corp.   1,379,465       134,056
* DaVita Inc.   1,671,542       133,656
* Globus Medical Inc. Class A   2,342,350       131,500
* agilon health Inc.   6,021,041       131,439
* Penumbra Inc.   1,055,330       131,410
* Ionis Pharmaceuticals Inc.   3,544,794       131,228
* Lantheus Holdings Inc.   1,918,792       126,698
          Shares Market
Value

($000)
* Apellis Pharmaceuticals Inc.   2,665,085       120,515
* Medpace Holdings Inc.     792,478       118,610
*,1 Novavax Inc.   2,299,481       118,262
Premier Inc. Class A   3,308,349       118,042
* Option Care Health Inc.   4,243,477       117,926
* Ultragenyx Pharmaceutical Inc.   1,960,464       116,961
* Guardant Health Inc.   2,849,658       114,955
Ensign Group Inc.   1,560,585       114,656
* 10X Genomics Inc. Class A   2,495,705       112,931
* Integra LifeSciences Holdings Corp.   2,082,949       112,542
* Tandem Diabetes Care Inc.   1,888,883       111,803
* ICU Medical Inc.     668,162       109,839
* Arrowhead Pharmaceuticals Inc.   2,958,021       104,152
* Intellia Therapeutics Inc.   2,009,474       104,010
* Amedisys Inc.     957,948       100,699
* STAAR Surgical Co.   1,413,287       100,244
* Mirati Therapeutics Inc.   1,472,008        98,816
* Haemonetics Corp.   1,511,245        98,503
* Cytokinetics Inc.   2,395,650        94,125
* Turning Point Therapeutics Inc.   1,242,248        93,479
* Maravai LifeSciences Holdings Inc. Class A   3,289,480        93,454
* Merit Medical Systems Inc.   1,679,254        91,133
* Natera Inc.   2,559,547        90,710
* iRhythm Technologies Inc.     832,896        89,978
* Blueprint Medicines Corp.   1,769,003        89,352
* Amicus Therapeutics Inc.   8,264,428        88,760
* Prestige Consumer Healthcare Inc.   1,484,561        87,292
* R1 RCM Inc.   4,138,270        86,738
*,1 Doximity Inc. Class A   2,476,947        86,247
* Inari Medical Inc.   1,250,993        85,055
* PTC Therapeutics Inc.   2,110,295        84,538
* Karuna Therapeutics Inc.     664,410        84,054
CONMED Corp.     871,875        83,491
Patterson Cos. Inc.   2,593,796        78,592
*,1 Neogen Corp.   3,181,742        76,648
* NuVasive Inc.   1,542,846        75,846
* Denali Therapeutics Inc.   2,556,091        75,226
 
29

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Evolent Health Inc. Class A   2,445,039        75,087
* Enovis Corp.   1,355,588        74,557
* Pacira BioSciences Inc.   1,270,906        74,094
Select Medical Holdings Corp.   3,083,620        72,835
* Certara Inc.   3,301,027        70,840
* Integer Holdings Corp.     985,536        69,638
* Insmed Inc.   3,528,855        69,589
*,1 Ginkgo Bioworks Holdings Inc.  28,954,936        68,913
Owens & Minor Inc.   2,141,030        67,335
* Axonics Inc.   1,178,104        66,763
*,1 Beam Therapeutics Inc.   1,656,931        64,140
*,1 Global Blood Therapeutics Inc.   1,914,910        61,181
* Fate Therapeutics Inc.   2,448,022        60,662
* Glaukos Corp.   1,333,374        60,562
* Corcept Therapeutics Inc.   2,517,483        59,866
* Progyny Inc.   2,037,940        59,202
* BioCryst Pharmaceuticals Inc.   5,466,494        57,835
* Sotera Health Co.   2,930,476        57,408
*,1 Multiplan Corp.  10,414,716        57,177
* Vir Biotechnology Inc.   2,143,958        54,607
* Pediatrix Medical Group Inc.   2,594,588        54,512
* AtriCure Inc.   1,297,608        53,020
* Arvinas Inc.   1,256,593        52,890
* Oak Street Health Inc.   3,203,198        52,661
* Twist Bioscience Corp.   1,494,250        52,239
* ACADIA Pharmaceuticals Inc.   3,571,294        50,320
* Xencor Inc.   1,762,529        48,240
* Sage Therapeutics Inc.   1,476,428        47,689
* ChemoCentryx Inc.   1,884,650        46,702
* Iovance Biotherapeutics Inc.   4,157,971        45,904
* Nevro Corp.   1,038,275        45,508
*,1 Travere Therapeutics Inc.   1,872,945        45,381
* Apollo Medical Holdings Inc.   1,152,978        44,493
* Ironwood Pharmaceuticals Inc. Class A   3,849,446        44,384
* Dynavax Technologies Corp.   3,523,643        44,363
* Supernus Pharmaceuticals Inc.   1,508,232        43,618
          Shares Market
Value

($000)
* Embecta Corp.   1,697,119        42,971
* Harmony Biosciences Holdings Inc.     868,228        42,343
* Veracyte Inc.   2,125,758        42,303
* CorVel Corp.     286,459        42,187
* Ligand Pharmaceuticals Inc.     471,068        42,029
* Privia Health Group Inc.   1,437,057        41,847
US Physical Therapy Inc.     379,789        41,473
* Emergent BioSolutions Inc.   1,333,782        41,401
* Myriad Genetics Inc.   2,253,680        40,949
* Cerevel Therapeutics Holdings Inc.   1,535,610        40,602
* Zentalis Pharmaceuticals Inc.   1,438,841        40,431
* 1Life Healthcare Inc.   5,137,332        40,277
* Krystal Biotech Inc.     601,831        39,516
* Meridian Bioscience Inc.   1,297,385        39,466
* Addus HomeCare Corp.     472,066        39,314
* Avanos Medical Inc.   1,391,395        38,041
* Amphastar Pharmaceuticals Inc.   1,091,904        37,987
Healthcare Services Group Inc.   2,174,885        37,865
* Arcus Biosciences Inc.   1,480,054        37,505
* Celldex Therapeutics Inc.   1,391,112        37,504
* Relay Therapeutics Inc.   2,235,323        37,442
* Phreesia Inc.   1,458,839        36,486
* Agios Pharmaceuticals Inc.   1,632,717        36,197
* AdaptHealth Corp. Class A   1,981,082        35,739
* Silk Road Medical Inc.     981,327        35,710
* Surgery Partners Inc.   1,201,278        34,741
* Vericel Corp.   1,377,226        34,679
* OPKO Health Inc.  13,603,337        34,416
* Kura Oncology Inc.   1,864,148        34,170
* REVOLUTION Medicines Inc.   1,751,776        34,142
* Natus Medical Inc.   1,028,193        33,694
* CareDx Inc.   1,562,516        33,563
* IVERIC bio Inc.   3,450,345        33,192
* Axsome Therapeutics Inc.     858,432        32,878
* Fulgent Genetics Inc.     579,285        31,588
* ModivCare Inc.     373,717        31,579
 
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Cassava Sciences Inc.   1,118,805        31,461
* Allogene Therapeutics Inc.   2,745,421        31,298
* Adaptive Biotechnologies Corp.   3,797,523        30,722
* Syndax Pharmaceuticals Inc.   1,567,980        30,168
*,1 PROCEPT BioRobotics Corp.     909,624        29,736
* Pacific Biosciences of California Inc.   6,603,203        29,186
* ImmunoGen Inc.   6,455,819        29,051
* Heska Corp.     304,394        28,768
* Revance Therapeutics Inc.   2,078,757        28,728
*,1 Signify Health Inc. Class A   2,074,458        28,628
* NeoGenomics Inc.   3,500,254        28,527
National HealthCare Corp.     407,961        28,516
* REGENXBIO Inc.   1,138,327        28,117
* Vaxcyte Inc.   1,284,437        27,949
* Enanta Pharmaceuticals Inc.     588,474        27,817
* Bridgebio Pharma Inc.   3,057,814        27,765
* Avid Bioservices Inc.   1,812,153        27,653
*,1 Sierra Oncology Inc.     502,514        27,633
* Innoviva Inc.   1,870,204        27,604
* NextGen Healthcare Inc.   1,580,808        27,569
* Madrigal Pharmaceuticals Inc.     378,298        27,079
*,1 MannKind Corp.   7,039,716        26,821
* Cerus Corp.   5,067,379        26,806
*,1 Warby Parker Inc. Class A   2,379,361        26,792
LeMaitre Vascular Inc.     586,826        26,730
* FibroGen Inc.   2,464,850        26,029
*,1 Lyell Immunopharma Inc.   3,983,110        25,970
* Chinook Therapeutics Inc.   1,443,297        25,243
* Crinetics Pharmaceuticals Inc.   1,351,049        25,197
* Varex Imaging Corp.   1,173,064        25,092
Atrion Corp.      39,874        25,075
* Alignment Healthcare Inc.   2,190,465        24,993
* TransMedics Group Inc.     782,268        24,602
* Aclaris Therapeutics Inc.   1,762,139        24,599
* Prometheus Biosciences Inc.     859,803        24,272
          Shares Market
Value

($000)
* RadNet Inc.   1,400,910        24,208
* Reata Pharmaceuticals Inc. Class A     787,842        23,943
* American Well Corp. Class A   5,533,256        23,904
* Editas Medicine Inc.   2,008,676        23,763
* Brookdale Senior Living Inc.   5,221,341        23,705
* Cytek Biosciences Inc.   2,177,772        23,367
*,1 Day One Biopharmaceuticals Inc.   1,269,958        22,732
* Arcutis Biotherapeutics Inc.   1,057,909        22,544
*,1 Anavex Life Sciences Corp.   2,208,051        22,103
* Health Catalyst Inc.   1,519,093        22,012
*,1 Sorrento Therapeutics Inc.  10,897,884        21,905
* SpringWorks Therapeutics Inc.     873,526        21,506
*,1 Clover Health Investments Corp. Class A  10,044,218        21,495
*,1 Cano Health Inc.   4,885,443        21,398
* Artivion Inc.   1,122,964        21,202
National Research Corp.     545,812        20,894
* Outset Medical Inc.   1,398,400        20,780
* Nektar Therapeutics   5,458,211        20,741
* Atara Biotherapeutics Inc.   2,644,849        20,603
* AngioDynamics Inc.   1,059,646        20,504
* Avidity Biosciences Inc.   1,400,247        20,346
* Agiliti Inc.     974,046        19,978
*,1 Recursion Pharmaceuticals Inc. Class A   2,412,021        19,634
* Codexis Inc.   1,819,587        19,033
* Catalyst Pharmaceuticals Inc.   2,710,113        18,998
* Replimune Group Inc.   1,080,034        18,879
* Deciphera Pharmaceuticals Inc.   1,406,706        18,498
* Rocket Pharmaceuticals Inc.   1,343,499        18,487
* Cutera Inc.     490,713        18,402
* SomaLogic Inc.   4,037,666        18,250
*,1 OrthoPediatrics Corp.     416,503        17,972
* NanoString Technologies Inc.   1,409,303        17,898
* Vanda Pharmaceuticals Inc.   1,580,624        17,229
* Alector Inc.   1,692,262        17,193
 
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Kymera Therapeutics Inc.     858,484        16,904
*,1 Geron Corp.  10,873,146        16,853
* Relmada Therapeutics Inc.     885,498        16,816
* Cardiovascular Systems Inc.   1,154,296        16,576
* Collegium Pharmaceutical Inc.     933,947        16,550
*,1 Invitae Corp.   6,770,166        16,519
*,1 Sana Biotechnology Inc.   2,545,521        16,368
*,1 CTI BioPharma Corp.   2,724,988        16,268
*,1 PMV Pharmaceuticals Inc.   1,137,856        16,214
* Coherus Biosciences Inc.   2,231,936        16,159
* UFP Technologies Inc.     203,026        16,155
* TG Therapeutics Inc.   3,773,314        16,037
* Gossamer Bio Inc.   1,898,257        15,888
* Morphic Holding Inc.     731,406        15,871
*,1 DocGo Inc.   2,218,700        15,842
*,1 Hims & Hers Health Inc.   3,490,673        15,813
* Quanterix Corp.     969,609        15,698
* HealthStream Inc.     721,647        15,667
* Hanger Inc.   1,090,339        15,614
* Y-mAbs Therapeutics Inc.   1,031,165        15,602
* Inogen Inc.     642,417        15,534
*,1 Cogent Biosciences Inc.   1,705,281        15,382
* Atea Pharmaceuticals Inc.   2,161,700        15,348
* BioLife Solutions Inc.   1,108,483        15,308
* Treace Medical Concepts Inc.   1,056,080        15,144
* Nurix Therapeutics Inc.   1,187,325        15,043
* iTeos Therapeutics Inc.     728,057        14,998
* Ideaya Biosciences Inc.   1,081,855        14,930
* Theravance Biopharma Inc.   1,645,524        14,908
* Castle Biosciences Inc.     672,900        14,770
*,1 Ocugen Inc.   6,502,105        14,760
*,1 23andMe Holding Co.   5,950,940        14,758
* 2seventy bio Inc.   1,108,184        14,628
* Sangamo Therapeutics Inc.   3,524,496        14,591
* Pulmonx Corp.     982,682        14,465
* Surmodics Inc.     388,090        14,449
*,1 908 Devices Inc.     694,030        14,290
          Shares Market
Value

($000)
* Agenus Inc.   7,342,543        14,245
* Community Health Systems Inc.   3,758,555        14,095
* Eagle Pharmaceuticals Inc.     314,910        13,991
* Radius Health Inc.   1,333,182        13,825
*,1 RAPT Therapeutics Inc.     754,217        13,764
* Altimmune Inc.   1,170,080        13,690
*,1 Nuvation Bio Inc.   4,178,976        13,540
* NGM Biopharmaceuticals Inc.   1,050,056        13,462
* ViewRay Inc.   5,064,514        13,421
* PetIQ Inc. Class A     798,896        13,413
* Seer Inc. Class A   1,498,596        13,412
*,1 Senseonics Holdings Inc.  12,943,615        13,332
1 SIGA Technologies Inc.   1,149,664        13,313
*,1 Point Biopharma Global Inc. Class A   1,945,226        13,247
* OptimizeRx Corp.     482,016        13,202
*,1 DICE Therapeutics Inc.     843,216        13,087
*,1 Vaxart Inc.   3,736,520        13,078
* Computer Programs & Systems Inc.     407,736        13,035
*,1 Sharecare Inc.   8,244,900        13,027
* Kezar Life Sciences Inc.   1,570,781        12,990
* GoodRx Holdings Inc. Class A   2,191,447        12,973
* Orthofix Medical Inc.     546,188        12,857
*,1 Butterfly Network Inc.   4,177,854        12,826
* Evolus Inc.   1,102,093        12,784
* Amneal Pharmaceuticals Inc.   3,989,978        12,688
*,1 MaxCyte Inc.   2,648,741        12,529
* Cara Therapeutics Inc.   1,354,313        12,365
* Zimvie Inc.     766,945        12,279
*,1 LifeStance Health Group Inc.   2,202,200        12,244
*,1 Verve Therapeutics Inc.     798,389        12,199
*,1 Bionano Genomics Inc.   8,817,496        12,168
*,1 Mirum Pharmaceuticals Inc.     624,930        12,161
* Keros Therapeutics Inc.     434,835        12,014
*,1 Bright Health Group Inc.   6,558,800        11,937
* Accolade Inc.   1,611,597        11,926
* Mersana Therapeutics Inc.   2,573,923        11,892
 
32

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Esperion Therapeutics Inc.   1,865,500        11,865
*,1 Cullinan Oncology Inc.     922,529        11,827
* Albireo Pharma Inc.     593,770        11,792
* Alphatec Holdings Inc.   1,800,917        11,778
* SI-BONE Inc.     885,948        11,695
*,1 Inovio Pharmaceuticals Inc.   6,754,452        11,685
* ANI Pharmaceuticals Inc.     389,590        11,559
* AnaptysBio Inc.     544,680        11,057
*,1 Adicet Bio Inc.     756,118        11,039
Phibro Animal Health Corp. Class A     574,011        10,981
* Aerie Pharmaceuticals Inc.   1,445,441        10,841
*,1 Monte Rosa Therapeutics Inc.   1,107,911        10,713
*,1 Paragon 28 Inc.     673,990        10,696
*,1 ADMA Biologics Inc.   5,384,321        10,661
* Arcturus Therapeutics Holdings Inc.     651,067        10,248
*,1 Erasca Inc.   1,829,716        10,192
* Protagonist Therapeutics Inc.   1,255,025         9,927
* Anika Therapeutics Inc.     438,739         9,793
*,1 Nkarta Inc.     793,900         9,781
* Pennant Group Inc.     758,088         9,711
*,1 Intercept Pharmaceuticals Inc.     692,841         9,568
*,1 Imago Biosciences Inc.     693,290         9,283
* Ocular Therapeutix Inc.   2,307,462         9,276
*,1 Tricida Inc.     952,536         9,221
* Organogenesis Holdings Inc. Class A   1,884,061         9,194
* Inhibrx Inc.     805,703         9,145
*,1 ClearPoint Neuro Inc.     700,605         9,143
*,1 C4 Therapeutics Inc.   1,211,593         9,135
*,1 Karyopharm Therapeutics Inc.   2,008,895         9,060
*,1 Viridian Therapeutics Inc.     781,842         9,046
*,1 Arbutus Biopharma Corp.   3,300,543         8,944
*,1 ImmunityBio Inc.   2,397,295         8,918
* Generation Bio Co.   1,356,025         8,896
* Arcellx Inc.     491,720         8,890
* Bluebird Bio Inc.   2,117,029         8,764
*,1 Heron Therapeutics Inc.   3,096,070         8,638
* MiMedx Group Inc.   2,478,082         8,599
          Shares Market
Value

($000)
Utah Medical Products Inc.      96,930         8,326
* Kiniksa Pharmaceuticals Ltd. Class A     844,389         8,182
* Stoke Therapeutics Inc.     615,840         8,135
* Axogen Inc.     990,595         8,113
*,1 Kinnate Biopharma Inc.     637,863         8,043
*,1 Bioxcel Therapeutics Inc.     607,409         8,018
*,1 Nuvalent Inc. Class A     586,382         7,951
*,1 Akero Therapeutics Inc.     828,109         7,826
* Sight Sciences Inc.     863,824         7,766
*,1 Tango Therapeutics Inc.   1,700,696         7,704
* Eiger BioPharmaceuticals Inc.   1,215,424         7,657
*,1 Caribou Biosciences Inc.   1,392,175         7,559
* Berkeley Lights Inc.   1,519,989         7,554
*,1 Foghorn Therapeutics Inc.     550,850         7,492
* Akoya Biosciences Inc.     577,915         7,426
*,1 Clovis Oncology Inc.   4,080,067         7,344
*,1 Phathom Pharmaceuticals Inc.     868,958         7,334
*,1 Ventyx Biosciences Inc.     598,984         7,326
*,1 Entrada Therapeutics Inc.     600,633         7,316
* Seres Therapeutics Inc.   2,122,402         7,280
* Edgewise Therapeutics Inc.     910,498         7,248
* KalVista Pharmaceuticals Inc.     733,821         7,221
*,1 Alaunos Therapeutics Inc.   5,807,002         7,201
*,1 CinCor Pharma Inc.     380,124         7,162
* Epizyme Inc.   4,856,374         7,139
* Cymabay Therapeutics Inc.   2,398,201         7,075
*,1 Instil Bio Inc.   1,524,376         7,043
* Kodiak Sciences Inc.     918,447         7,017
*,1 EyePoint Pharmaceuticals Inc.     890,209         7,006
*,1 Cue Health Inc.   2,170,291         6,945
iRadimed Corp.     204,005         6,924
*,1 AVEO Pharmaceuticals Inc.   1,039,472         6,819
*,1 Liquidia Corp.   1,531,173         6,676
* Forma Therapeutics Holdings Inc.     960,968         6,621
 
33

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 RxSight Inc.     468,338         6,594
* Joint Corp.     426,404         6,528
*,1 Amylyx Pharmaceuticals Inc.     334,925         6,451
* Viking Therapeutics Inc.   2,231,261         6,448
*,1 Zomedica Corp.  29,069,093         6,398
* Aldeyra Therapeutics Inc.   1,600,376         6,385
*,1 Lineage Cell Therapeutics Inc.   3,973,146         6,278
*,1 Rhythm Pharmaceuticals Inc.   1,511,958         6,275
* Sutro Biopharma Inc.   1,190,896         6,205
*,1 Biomea Fusion Inc.     515,522         6,176
*,1 Quantum-Si Inc.   2,632,911         6,108
* Verastem Inc.   5,204,312         6,037
*,1 Provention Bio Inc.   1,501,571         6,006
*,1 Oncology Institute Inc.   1,187,000         6,006
*,1 Xeris Biopharma Holdings Inc.   3,886,246         5,985
*,1 CareMax Inc.   1,642,830         5,963
1 Zynex Inc.     732,906         5,849
* OraSure Technologies Inc.   2,157,546         5,847
*,1 Co-Diagnostics Inc.   1,036,562         5,815
* Design Therapeutics Inc.     411,201         5,757
*,1 Pliant Therapeutics Inc.     718,287         5,753
*,1 Harrow Health Inc.     783,528         5,704
* 4D Molecular Therapeutics Inc.     808,600         5,644
*,1 Marinus Pharmaceuticals Inc.   1,164,657         5,637
* Vera Therapeutics Inc. Class A     409,785         5,577
* Rigel Pharmaceuticals Inc.   4,929,056         5,570
*,1 Dyne Therapeutics Inc.     807,332         5,546
* Apyx Medical Corp.     945,007         5,538
*,1 Celularity Inc. Class A   1,625,100         5,525
*,1 VistaGen Therapeutics Inc.   6,255,056         5,504
*,1 Aadi Bioscience Inc.     445,926         5,494
* SeaSpine Holdings Corp.     961,674         5,433
*,1 Voyager Therapeutics Inc.     907,575         5,364
*,1 CEL - SCI Corp.   1,185,498         5,335
*,1 Adagio Therapeutics Inc.   1,620,200         5,314
*,1 Century Therapeutics Inc.     625,729         5,256
          Shares Market
Value

($000)
* Inotiv Inc.     545,733         5,239
*,1 G1 Therapeutics Inc.   1,058,647         5,230
*,1 IGM Biosciences Inc.     286,115         5,159
* MacroGenics Inc.   1,747,951         5,156
*,1 Sesen Bio Inc.   6,362,488         5,156
*,1 Accuray Inc.   2,563,805         5,025
*,1 Beyond Air Inc.     749,067         5,011
*,1 Gritstone bio Inc.   2,055,190         4,974
*,1 Tarsus Pharmaceuticals Inc.     339,949         4,963
*,1 Sema4 Holdings Corp.   3,937,054         4,961
* Savara Inc.   3,255,385         4,948
* Viemed Healthcare Inc.     907,059         4,880
* Immunovant Inc.   1,248,873         4,871
* Concert Pharmaceuticals Inc.   1,153,883         4,858
*,1 XOMA Corp.     216,811         4,831
* Chimerix Inc.   2,318,360         4,822
*,1 Omeros Corp.   1,752,301         4,819
*,1 Optinose Inc.   1,313,189         4,806
*,1 Humacyte Inc.   1,480,153         4,751
*,1 Talkspace Inc.   2,783,922         4,733
*,1 DermTech Inc.     849,123         4,704
* InfuSystem Holdings Inc.     481,310         4,635
*,1 Scholar Rock Holding Corp.     844,240         4,635
*,1 Janux Therapeutics Inc.     374,211         4,569
* Convey Health Solutions Holdings Inc.     434,812         4,522
*,1 Matinas BioPharma Holdings Inc.   5,707,558         4,509
*,1 Aerovate Therapeutics Inc.     284,834         4,452
*,1 CorMedix Inc.   1,073,491         4,315
* Aura Biosciences Inc.     301,493         4,272
*,1 Tenaya Therapeutics Inc.     751,697         4,232
* Semler Scientific Inc.     150,000         4,227
*,1 Spectrum Pharmaceuticals Inc.   5,348,837         4,172
*,1 HilleVax Inc.     381,574         4,171
*,1 Absci Corp.   1,251,097         4,154
* Tactile Systems Technology Inc.     567,780         4,145
* Fulcrum Therapeutics Inc.     842,002         4,126
*,1 Atossa Therapeutics Inc.   3,779,376         4,120
* ORIC Pharmaceuticals Inc.     912,634         4,089
*,1 Assertio Holdings Inc.   1,382,248         4,078
 
34

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Inozyme Pharma Inc.     842,985         4,021
*,1 KemPharm Inc.     899,394         4,011
* Ovid therapeutics Inc.   1,851,578         3,981
*,1 Vicarious Surgical Inc.   1,352,238         3,976
*,1 Lexicon Pharmaceuticals Inc.   2,121,674         3,946
*,1 Selecta Biosciences Inc.   3,006,164         3,938
*,1 Standard BioTools Inc.   2,459,896         3,936
* ALX Oncology Holdings Inc.     485,900         3,931
* Olema Pharmaceuticals Inc.     957,400         3,897
* Compass Therapeutics Inc.   1,467,991         3,890
*,1 Science 37 Holdings Inc.   1,879,700         3,778
* Personalis Inc.   1,090,454         3,762
*,1 Rallybio Corp.     495,505         3,741
* Kronos Bio Inc.   1,025,067         3,731
*,1 Impel Pharmaceuticals Inc.     396,809         3,698
*,1 Prelude Therapeutics Inc.     704,828         3,679
* F-star Therapeutics Inc.     576,669         3,610
*,1 Precigen Inc.   2,686,063         3,599
*,1 Singular Genomics Systems Inc.     940,051         3,591
* Avita Medical Inc.     755,807         3,590
*,1 Allakos Inc.   1,146,584         3,589
* CytomX Therapeutics Inc.   1,946,133         3,561
*,1 Outlook Therapeutics Inc.   3,489,864         3,560
* Actinium Pharmaceuticals Inc.     732,773         3,525
* Bioventus Inc. Class A     516,233         3,521
XBiotech Inc.     622,546         3,505
* Harvard Bioscience Inc.     963,445         3,468
*,1 Citius Pharmaceuticals Inc.   3,762,882         3,462
*,1 Annexon Inc.     915,149         3,450
* Talaris Therapeutics Inc.     764,850         3,449
*,1 Immuneering Corp. Class A     614,133         3,322
*,2 PDL BioPharma Inc.   2,258,201         3,320
*,1 Allovir Inc.     851,259         3,320
*,1 ContraFect Corp.   1,071,148         3,288
*,1 Puma Biotechnology Inc.   1,141,707         3,254
          Shares Market
Value

($000)
*,1 P3 Health Partners Inc.     866,984         3,225
* Apollo Endosurgery Inc.     876,959         3,201
*,1 Inmune Bio Inc.     361,452         3,195
*,1 Adverum Biotechnologies Inc.   2,661,554         3,194
* Alpine Immune Sciences Inc.     374,429         3,186
*,1 TFF Pharmaceuticals Inc.     562,689         3,179
* Otonomy Inc.   1,513,558         3,148
* Passage Bio Inc.   1,323,044         3,122
* Silverback Therapeutics Inc.     729,100         3,091
*,1 Icosavax Inc.     535,192         3,067
*,1 Durect Corp.   6,409,232         3,064
*,1 Nautilus Biotechnology Inc. Class A   1,137,499         3,060
*,1 ATI Physical Therapy Inc.   2,163,064         3,050
*,1 SmileDirectClub Inc. Class A   2,899,100         3,015
*,1 Endo International plc   6,458,450         3,008
*,1 Humanigen Inc.   1,692,661         2,996
* Athira Pharma Inc.     980,862         2,992
* Shattuck Labs Inc.     731,691         2,971
* Sensus Healthcare Inc.     385,579         2,961
*,1 Dare Bioscience Inc.   2,375,133         2,921
*,1 Asensus Surgical Inc.   7,337,446         2,921
* Aveanna Healthcare Holdings Inc.   1,284,770         2,904
*,1 MediciNova Inc.   1,146,273         2,900
* Assembly Biosciences Inc.   1,377,385         2,892
* Jounce Therapeutics Inc.     950,782         2,881
* CytoSorbents Corp.   1,302,216         2,852
* Anixa Biosciences Inc.     927,841         2,839
*,1 iCAD Inc.     695,170         2,781
*,1 Oncocyte Corp.   3,079,720         2,771
*,1 Innovage Holding Corp.     630,750         2,763
* Rezolute Inc.     841,974         2,720
*,1 Biora Therapeutics Inc.   3,875,866         2,713
* Taysha Gene Therapies Inc.     729,014         2,712
*,1 89bio Inc.     841,218         2,709
*,1 Capricor Therapeutics Inc.     767,235         2,678
*,1 Tyra Biosciences Inc.     372,899         2,666
*,1 Leap Therapeutics Inc.   2,289,511         2,633
 
35

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* BrainStorm Cell Therapeutics Inc.     951,371         2,626
*,1 PepGen Inc.     261,706         2,599
* Praxis Precision Medicines Inc.   1,056,207         2,588
* FONAR Corp.     169,673         2,577
*,1 Bright Green Corp.   1,158,400         2,572
*,1 Paratek Pharmaceuticals Inc.   1,332,372         2,571
*,1 PDS Biotechnology Corp.     700,502         2,557
* Stereotaxis Inc.   1,387,817         2,554
*,1 Akouos Inc.     538,627         2,526
* Curis Inc.   2,561,141         2,521
* Homology Medicines Inc.   1,278,035         2,518
* TCR2 Therapeutics Inc.     868,012         2,517
*,1 Cardiff Oncology Inc.   1,137,935         2,503
* NextCure Inc.     530,127         2,492
*,1 Celcuity Inc.     273,679         2,490
*,1 TherapeuticsMD Inc.     249,657         2,484
* BioAtla Inc.     866,299         2,469
* Finch Therapeutics Group Inc.     855,860         2,431
* Cue Biopharma Inc.     975,866         2,430
*,1 Vor BioPharma Inc.     488,541         2,428
*,1 Rani Therapeutics Holdings Inc. Class A     234,033         2,418
*,1 GT Biopharma Inc.     804,500         2,405
*,1 Greenwich Lifesciences Inc.     282,263         2,391
*,1 Rapid Micro Biosystems Inc. Class A     552,656         2,376
*,1 Vaxxinity Inc. Class A   1,489,274         2,338
*,1 Acumen Pharmaceuticals Inc.     491,029         2,308
*,1 Neuronetics Inc.     718,657         2,307
*,1 Ardelyx Inc.   3,888,128         2,294
* Poseida Therapeutics Inc.     888,597         2,293
*,1 Ikena Oncology Inc.     517,075         2,291
*,1 Graphite Bio Inc.     832,638         2,290
*,1 Omega Therapeutics Inc.     602,610         2,290
* scPharmaceuticals Inc.     473,934         2,284
*,1 Seelos Therapeutics Inc.   3,356,797         2,284
*,1 MEI Pharma Inc.   3,716,487         2,248
*,1 Trevena Inc.   5,425,457         2,246
*,1 Theseus Pharmaceuticals Inc.     405,973         2,245
*,1 ChromaDex Corp.   1,336,529         2,232
*,1 Forian Inc.     507,760         2,229
          Shares Market
Value

($000)
*,1 Viracta Therapeutics Inc.     573,758         2,226
*,1 Precision BioSciences Inc.   1,383,195         2,213
* Merrimack Pharmaceuticals Inc.     369,998         2,201
* Champions Oncology Inc.     267,822         2,167
* Enzo Biochem Inc.   1,040,908         2,155
*,1 PAVmed Inc.   2,295,296         2,145
* MyMD Pharmaceuticals Inc.     986,327         2,140
* KORU Medical Systems Inc.     842,318         2,131
* Satsuma Pharmaceuticals Inc.     511,816         2,119
*,1 Hookipa Pharma Inc.   1,292,935         2,107
*,1 9 Meters Biopharma Inc.   8,032,011         2,095
*,1 SQZ Biotechnologies Co.     657,886         2,092
*,1 aTyr Pharma Inc.     737,935         2,088
* Surface Oncology Inc.   1,270,553         2,084
*,1 Immunic Inc.     594,425         2,063
*,1 Adamis Pharmaceuticals Corp.   4,096,010         2,052
*,1 Oyster Point Pharma Inc.     471,778         2,043
*,1 Checkpoint Therapeutics Inc.   1,977,366         2,037
* Decibel Therapeutics Inc.     483,353         2,035
* Clearside Biomedical Inc.   1,383,654         2,034
*,1 Applied Molecular Transport Inc.     694,700         2,022
*,1 iBio Inc.   7,575,444         2,000
*,1 Evelo Biosciences Inc.     927,862         1,958
*,1 Lyra Therapeutics Inc.     346,241         1,956
* Vapotherm Inc.     762,684         1,930
* Lipocine Inc.   2,398,282         1,921
* CVRx Inc.     316,346         1,901
*,1 Pardes Biosciences Inc. Class A     615,600         1,890
* Exagen Inc.     326,266         1,873
*,1 Frequency Therapeutics Inc.   1,246,700         1,870
* Electromed Inc.     193,554         1,866
*,1 Akebia Therapeutics Inc.   5,269,064         1,860
*,1 Tela Bio Inc.     261,147         1,857
*,1 Rain Therapeutics Inc.     333,919         1,857
* LENSAR Inc.     282,930         1,842
 
36

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Annovis Bio Inc.     161,007         1,826
*,1 Dyadic International Inc.     596,383         1,819
*,1 Conformis Inc.   5,130,275         1,815
* Tabula Rasa HealthCare Inc.     703,744         1,809
*,1 NightHawk Biosciences Inc.     705,534         1,799
*,1 Athersys Inc.   6,827,073         1,775
*,1 PLx Pharma Inc.     728,870         1,771
*,1 Fortress Biotech Inc.   2,099,871         1,764
*,1 Accelerate Diagnostics Inc.   1,775,761         1,763
* Synlogic Inc.   1,521,748         1,750
*,1 Palatin Technologies Inc.   6,167,581         1,731
* Alpha Teknova Inc.     200,207         1,682
* Magenta Therapeutics Inc.   1,377,271         1,653
* Pyxis Oncology Inc.     680,619         1,620
*,1 Infinity Pharmaceuticals Inc.   2,515,625         1,591
*,1 Oncternal Therapeutics Inc.   1,431,597         1,589
*,1 Genprex Inc.   1,127,072         1,567
*,1 Cyteir Therapeutics Inc.     523,811         1,566
*,1 Verrica Pharmaceuticals Inc.     814,672         1,564
*,1 Galectin Therapeutics Inc.   1,189,409         1,559
*,1 Syros Pharmaceuticals Inc.   1,617,578         1,557
*,1 Atreca Inc. Class A     861,960         1,543
*,1 La Jolla Pharmaceutical Co.     478,002         1,525
*,1 Eton Pharmaceuticals Inc.     575,285         1,507
*,1 Retractable Technologies Inc.     392,689         1,504
* Catalyst Biosciences Inc.     826,502         1,471
*,1 Zynerba Pharmaceuticals Inc.   1,289,801         1,470
* Lantern Pharma Inc.     256,113         1,462
*,1 Sanara Medtech Inc.      69,768         1,455
* Opiant Pharmaceuticals Inc.     120,263         1,442
* Lumos Pharma Inc.     187,322         1,442
*,1 Sientra Inc.   1,714,886         1,437
*,1 Bolt Biotherapeutics Inc.     697,404         1,423
* Harpoon Therapeutics Inc.     744,184         1,421
* Orgenesis Inc.     566,688         1,371
* Movano Inc.     562,483         1,344
          Shares Market
Value

($000)
* Astria Therapeutics Inc.     445,544         1,337
* PharmaCyte Biotech Inc.     590,900         1,335
* Codiak Biosciences Inc.     460,648         1,327
*,1 Milestone Scientific Inc.   1,447,898         1,326
*,1 SELLAS Life Sciences Group Inc.     592,271         1,321
*,1 SCYNEXIS Inc.     705,096         1,311
*,1 Invacare Corp.   1,023,221         1,310
* Pro-Dex Inc.      80,220         1,293
*,1 Evofem Biosciences Inc.   1,137,243         1,285
*,1 Novan Inc.     545,361         1,271
* Thorne HealthTech Inc.     260,095         1,259
*,1 Oragenics Inc.   3,556,869         1,233
* Context Therapeutics Inc.     573,400         1,216
*,1 Sensei Biotherapeutics Inc.     534,441         1,213
* Eyenovia Inc.     617,303         1,204
*,1 Clene Inc.     473,227         1,193
* ImmuCell Corp.     136,425         1,186
*,1 Hepion Pharmaceuticals Inc.   2,070,833         1,186
*,1 Equillium Inc.     570,835         1,164
*,1 Cortexyme Inc.     522,600         1,160
*,1 Werewolf Therapeutics Inc.     275,778         1,128
* Achieve Life Sciences Inc.     230,562         1,125
* Eledon Pharmaceuticals Inc.     459,998         1,122
*,1 IsoRay Inc.   3,609,244         1,115
* Rubius Therapeutics Inc.   1,298,772         1,105
* Biomerica Inc.     374,536         1,082
*,1 AN2 Therapeutics Inc.     139,378         1,080
*,1 Athenex Inc.   2,588,657         1,060
*,1 T2 Biosystems Inc.   6,549,709         1,058
*,1 Second Sight Medical Products Inc.     520,091         1,056
Psychemedics Corp.     165,415         1,049
*,1 Applied Genetic Technologies Corp.   1,340,980         1,033
* Molecular Templates Inc.   1,130,895         1,031
* DiaMedica Therapeutics Inc.     506,271         1,023
*,1 AIM ImmunoTech Inc.   1,311,599         1,023
*,1 Delcath Systems Inc.     255,213         1,018
 
37

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Solid Biosciences Inc.   1,640,949         1,010
* Black Diamond Therapeutics Inc.     392,280           965
* Armata Pharmaceuticals Inc.     247,561           963
* IRIDEX Corp.     373,047           959
* UpHealth Inc.   1,610,354           954
* Caladrius Biosciences Inc.   1,775,055           941
* Cocrystal Pharma Inc.   2,296,304           941
* Axcella Health Inc.     462,695           939
*,1 Pear Therapeutics Inc.     609,168           938
*,1 Aspira Women's Health Inc.   1,594,611           937
* Virios Therapeutics Inc.     220,868           934
* Avalo Therapeutics Inc.   1,844,625           922
* CareCloud Inc.     266,292           912
*,1,2 Tobira Therapeutics Inc. CVR Exp. 12/31/28     201,001           911
* Societal CDMO Inc.   1,130,309           899
*,1 Ampio Pharmaceuticals Inc.   5,318,665           894
*,1 NeuroPace Inc.     180,700           894
* Moleculin Biotech Inc.     616,108           893
* Cabaletta Bio Inc.     837,026           887
* Cidara Therapeutics Inc.   1,796,543           878
* AirSculpt Technologies Inc.     148,100           878
*,1 Candel Therapeutics Inc.     269,900           874
* Ocuphire Pharma Inc.     451,409           867
*,1 Synaptogenix Inc.     171,031           865
* Lucira Health Inc.     464,745           864
* Longboard Pharmaceuticals Inc.     278,227           860
*,1 Tonix Pharmaceuticals Holding Corp.     537,707           850
* Corvus Pharmaceuticals Inc.     853,716           845
* Processa Pharmaceuticals Inc.     299,657           842
* Minerva Surgical Inc.     355,599           836
* Protara Therapeutics Inc.     284,301           833
*,1 Aligos Therapeutics Inc.     684,900           829
*,1 enVVeno Medical Corp.     216,998           820
          Shares Market
Value

($000)
*,1 Vigil Neuroscience Inc.     316,982           818
* Biolase Inc.     175,629           804
*,1 NeuroMetrix Inc.     217,846           802
*,1 Microbot Medical Inc.     153,549           788
* Xilio Therapeutics Inc.     267,195           780
* Aptinyx Inc. Class A   1,388,650           775
*,1 ARCA biopharma Inc.     311,254           775
*,1 Enochian Biosciences Inc.     394,800           762
*,1 Immunome Inc.     230,251           739
*,1 Soligenix Inc.   1,217,959           731
*,1 Summit Therapeutics Inc.     731,303           731
* Angion Biomedica Corp.     641,473           731
* Synthetic Biologics Inc.   3,308,735           706
* Precipio Inc.     662,055           702
*,1 Longeveron Inc.     118,115           700
*,1 Gemini Therapeutics Inc. Class A     413,417           699
*,1 PhaseBio Pharmaceuticals Inc.   1,156,526           694
* ElectroCore Inc.   1,341,498           684
*,1 Sonida Senior Living Inc.      32,536           683
* Cyclerion Therapeutics Inc.   1,241,708           681
* BioCardia Inc.     457,496           677
*,1 Tyme Technologies Inc.   2,398,710           672
* Entasis Therapeutics Holdings Inc.     304,345           670
*,1 NeuBase Therapeutics Inc.     638,405           670
* Aeglea BioTherapeutics Inc.   1,313,273           663
*,1 Lucid Diagnostics Inc.     286,266           647
* Five Star Senior Living Inc.     537,058           644
* Larimar Therapeutics Inc.     328,248           643
*,1 180 Life Sciences Corp.     751,668           637
* Mustang Bio Inc.   1,080,162           632
* Daxor Corp.      47,328           624
*,1 Corbus Pharmaceuticals Holdings Inc.   2,433,477           614
* Tracon Pharmaceuticals Inc.     306,490           613
* Terns Pharmaceuticals Inc.     246,704           612
 
38

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Neoleukin Therapeutics Inc.     590,859           609
*,1 Miromatrix Medical Inc.     152,729           609
* TScan Therapeutics Inc.     189,878           597
Indaptus Therapeutics Inc.     225,897           590
* GlycoMimetics Inc.     977,976           585
*,1 Cumberland Pharmaceuticals Inc.     280,820           583
*,1 Vaccinex Inc.     534,485           577
*,1 Pulse Biosciences Inc.     374,900           574
*,1 Eliem Therapeutics Inc.     189,734           573
* Strata Skin Sciences Inc.     593,248           570
* Reneo Pharmaceuticals Inc.     214,913           570
* Predictive Oncology Inc.   1,385,931           568
* Aptevo Therapeutics Inc.     158,476           567
*,1 NanoViricides Inc.     300,189           564
*,1 IsoPlexis Corp.     257,515           556
*,1 Adial Pharmaceuticals Inc.     413,497           554
* Modular Medical Inc.     106,826           553
*,1 Sonendo Inc.     314,928           542
*,1 eFFECTOR Therapeutics Inc.     381,429           542
*,1 Surrozen Inc.     183,882           541
* Aquestive Therapeutics Inc.     841,854           539
*,1 Jasper Therapeutics Inc.     274,890           531
*,1 SAB Biotherapeutics Inc.     359,620           521
*,1 Vincerx Pharma Inc.     391,380           517
*,1 Regulus Therapeutics Inc.     249,594           517
*,1 Aytu BioPharma Inc.     741,329           512
*,1 NexImmune Inc.     315,228           508
* CASI Pharmaceuticals Inc.     176,058           504
*,1 Vivos Therapeutics Inc.     389,733           503
* Spero Therapeutics Inc.     677,888           502
* Renovacor Inc.     247,032           501
*,1 Sio Gene Therapies Inc.   1,382,708           498
* Aileron Therapeutics Inc.   1,898,647           494
*,1 Novo Integrated Sciences Inc.     255,940           479
* Alimera Sciences Inc.      87,148           477
          Shares Market
Value

($000)
* Bio-Path Holdings Inc.     121,084           469
*,1 vTv Therapeutics Inc. Class A     625,032           469
* Vyant Bio Inc.     513,412           467
*,1 Elevation Oncology Inc.     332,316           465
*,1 Jaguar Health Inc.   1,571,822           462
*,1 Yumanity Therapeutics Inc.     253,447           461
* Avrobio Inc.     493,752           454
*,1 Chembio Diagnostics Inc.     697,965           454
* Sonnet BioTherapeutics Holdings Inc.   1,620,560           454
*,1 AcelRx Pharmaceuticals Inc.   1,841,806           450
* Aziyo Biologics Inc. Class A      62,866           444
* Minerva Neurosciences Inc.     133,441           442
* UNITY Biotechnology Inc.     764,789           431
* Marker Therapeutics Inc.   1,300,503           429
*,1 Aridis Pharmaceuticals Inc.     388,959           428
* Augmedix Inc.     237,719           428
* Cryo-Cell International Inc.      72,236           426
* Imac Holdings Inc.     508,049           421
*,1 OpGen Inc.     771,353           421
*,1 NRX Pharmaceuticals Inc.     696,162           418
* Xenetic Biosciences Inc.     519,743           416
* Virpax Pharmaceuticals Inc.     247,037           415
*,1 BioSig Technologies Inc.     623,506           410
*,1 Acutus Medical Inc.     364,325           408
* Biocept Inc.     432,578           407
*,1 Eloxx Pharmaceuticals Inc.   1,519,165           406
*,1 VYNE Therapeutics Inc.   1,044,229           406
*,1 Oncorus Inc.     321,132           405
* Cellectar Biosciences Inc.     997,049           403
* Ekso Bionics Holdings Inc.     243,285           401
* ABVC BioPharma Inc.     375,142           398
* X4 Pharmaceuticals Inc.     410,213           396
* Grove Inc.      93,784           394
* Forte Biosciences Inc.     301,270           392
 
39

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Venus Concept Inc.     838,817           389
*,1 Reviva Pharmaceuticals Holdings Inc.     353,326           389
*,1 Codex DNA Inc.     215,522           388
*,1 Galera Therapeutics Inc.     296,842           386
* Graybug Vision Inc.     352,377           384
*,1 Brooklyn ImmunoTherapeutics Inc.     740,159           383
* Better Therapeutics Inc.     242,795           379
*,1 Allena Pharmaceuticals Inc.   1,972,415           377
* NantHealth Inc.     894,094           373
* Plus Therapeutics Inc.     688,832           372
*,1 Clarus Therapeutics Holdings Inc.     973,548           372
*,1 Qualigen Therapeutics Inc.     637,185           363
* Cyclo Therapeutics Inc.     176,807           354
* Inhibikase Therapeutics Inc.     475,753           353
* Acer Therapeutics Inc.     278,634           351
*,1 Eargo Inc.     464,500           349
* Onconova Therapeutics Inc.     254,696           336
* Tempest Therapeutics Inc.     154,654           329
* Aethlon Medical Inc.     292,852           328
* Navidea Biopharmaceuticals Inc.     450,277           324
* OncoSec Medical Inc.     435,534           323
*,1 Diffusion Pharmaceuticals Inc.      48,251           317
*,1 Bellicum Pharmaceuticals Inc.     265,066           313
*,1 Trevi Therapeutics Inc.     108,239           304
* Myomo Inc.     180,412           303
* Surgalign Holdings Inc.      88,716           303
*,1 Idera Pharmaceuticals Inc.     637,169           292
*,1 Organovo Holdings Inc.     162,161           287
*,1 Femasys Inc.     119,185           287
* Kintara Therapeutics Inc.   1,026,487           285
* Aravive Inc.     287,237           284
* Timber Pharmaceuticals Inc.     902,107           284
          Shares Market
Value

($000)
*,1 Marpai Inc. Class A     291,607           282
*,1 cbdMD Inc.     620,260           273
* Sera Prognostics Inc. Class A     162,603           267
* Cohbar Inc.   1,381,105           262
* Talis Biomedical Corp.     322,290           262
*,1 Kala Pharmaceuticals Inc.     858,720           258
* Bellerophon Therapeutics Inc.     209,775           258
*,1 SiNtx Technologies Inc.     594,838           257
*,2 Strongbridge Biopharma plc CVR   1,399,363           253
*,1 TransCode Therapeutics Inc.     200,117           252
* Celsion Corp.     137,780           251
*,1 Abeona Therapeutics Inc.   1,190,090           248
* AgeX Therapeutics Inc.     426,190           246
*,1 Jupiter Wellness Inc.     334,782           243
* Cyclacel Pharmaceuticals Inc.     220,333           238
* ReShape Lifesciences Inc.     411,000           237
* Pulmatrix Inc.      51,423           236
*,1 Brickell Biotech Inc.   1,853,966           234
* Hoth Therapeutics Inc.     550,481           231
* Salarius Pharmaceuticals Inc.   1,085,219           228
* Applied Therapeutics Inc.     238,916           227
* IMARA Inc.     185,653           226
* Soleno Therapeutics Inc.   1,201,052           222
*,1 Artelo Biosciences Inc.     678,172           215
* NanoVibronix Inc.     347,433           214
* TRxADE HEALTH Inc.     128,731           197
*,1 NeuroBo Pharmaceuticals Inc.     409,413           193
* IN8bio Inc.      77,511           188
*,1 Rockwell Medical Inc.     145,503           188
*,1 Metacrine Inc.     368,353           184
* BioVie Inc. Class A     126,527           183
* Biofrontera Inc.      98,114           182
*,2 Ocera Therapeutics Inc. CVR     653,477           176
*,1 Biodesix Inc.     107,416           176
*,1 Windtree Therapeutics Inc.     397,013           166
* INVO BioScience Inc.     248,469           164
 
40

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Aditxt Inc.   1,132,345           162
*,1 Ontrak Inc.     151,444           161
*,1 Calithera Biosciences Inc.      64,259           158
*,2 Adamas Pharmaceuticals Inc. CVR   2,522,158           152
*,1 Avinger Inc.     103,661           151
* Geron Corp. Warrants Exp. 12/31/25   1,202,419           150
* ENDRA Life Sciences Inc.     640,847           149
* Cognition Therapeutics Inc.      65,944           140
* HCW Biologics Inc.      63,577           140
* GeoVax Labs Inc.     165,070           137
*,1 Hyperfine Inc. Class A      58,393           130
*,1 Panbela Therapeutics Inc.     196,590           130
*,1 Enveric Biosciences Inc.     563,792           121
* CNS Pharmaceuticals Inc.     422,266           118
* Exicure Inc.      54,676           118
* Nephros Inc.      75,316           115
* Monopar Therapeutics Inc.      52,392           114
* Sigilon Therapeutics Inc.     126,990           105
* Aprea Therapeutics Inc.     141,110           104
*,1 Phio Pharmaceuticals Corp.     141,542           102
* Protagenic Therapeutics Inc.     121,310            87
*,1 Nuvectis Pharma Inc.       7,789            87
* American Shared Hospital Services      36,338            81
* Palisade Bio Inc.     196,415            80
*,1 Lannett Co. Inc.     136,433            79
*,2 Aduro Biotech Inc. CVR     415,255            76
*,1 RA Medical Systems Inc.     237,195            74
*,2 OncoMed Pharmaceuticals Inc. CVR     255,777            67
* NovaBay Pharmaceuticals Inc.     218,047            55
* Tenax Therapeutics Inc.     178,455            54
* iSpecimen Inc.      24,676            54
* Alzamend Neuro Inc.      60,747            52
* Bone Biologics Corp.      33,461            47
* Journey Medical Corp.      10,435            39
          Shares Market
Value

($000)
* Allied Healthcare Products Inc.      21,700            35
*,1,2 Miragen Therapeutics Inc. CVR   1,753,041            35
* Immix Biopharma Inc.      12,776            33
* Lixte Biotechnology Holdings Inc.      32,745            25
* Pasithea Therapeutics Corp.      24,456            25
* Scopus Biopharma Inc.      51,089            22
*,1 Star Equity Holdings Inc.      23,050            21
* RenovoRx Inc.      10,815            21
* Unicycive Therapeutics Inc.      22,695            19
* Landos Biopharma Inc.      22,260            16
* Acurx Pharmaceuticals Inc.       3,126            12
*,2 Alexza Pharmaceuticals Inc. CVR     327,391            11
*,1,2 Oncternal Therapeutics Inc. CVR       8,933             9
* Nutriband Inc.       1,292             5
*,2 F-star Therapeutics Inc. CVR      61,021             4
*,2 Ambit Biosciences Corp. CVR     201,330            —
*,2 Biosante Pharmaceutical Inc. CVR     253,823            —
*,1,2 Synergy Pharmaceuticals LLC   5,148,145            —
* Advaxis Inc. Warrants Exp. 9/11/24     157,660            —
*,2 Lantheus Holdings Inc. CVR   2,319,511            —
*,1,2 Aerpio Pharmaceuticals Inc. CVR   1,201,352            —
* SELLAS Life Sciences Group Inc. Warrants Exp. 4/5/27      40,000            —
                      157,633,292
Industrials (12.7%)
Visa Inc. Class A  48,299,101     9,509,610
Mastercard Inc. Class A  25,605,480     8,078,017
Accenture plc Class A  19,530,930     5,422,763
 
41

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Raytheon Technologies Corp.  43,833,878     4,212,874
United Parcel Service Inc. Class B  21,650,555     3,952,092
Union Pacific Corp.  18,515,427     3,948,970
Honeywell International Inc.  20,069,428     3,488,267
Lockheed Martin Corp.   7,846,147     3,373,529
Caterpillar Inc.  15,725,970     2,811,174
Automatic Data Processing Inc.  12,315,896     2,586,831
Deere & Co.   8,141,460     2,438,123
* Boeing Co.  17,445,484     2,385,147
* PayPal Holdings Inc.  34,149,940     2,385,032
American Express Co.  16,652,607     2,308,384
3M Co.  16,776,410     2,171,035
General Electric Co.  32,458,060     2,066,605
Northrop Grumman Corp.   4,125,682     1,974,428
CSX Corp.  64,094,157     1,862,576
Fidelity National Information Services Inc.  18,009,594     1,650,939
Norfolk Southern Corp.   7,027,504     1,597,281
FedEx Corp.   6,878,822     1,559,498
Sherwin-Williams Co.   6,904,174     1,545,914
General Dynamics Corp.   6,955,826     1,538,977
* Fiserv Inc.  17,152,442     1,526,053
Illinois Tool Works Inc.   8,259,053     1,505,212
Eaton Corp. plc  11,767,599     1,482,600
Emerson Electric Co.  17,510,486     1,392,784
L3Harris Technologies Inc.   5,690,101     1,375,297
Capital One Financial Corp.  11,588,829     1,207,440
Paychex Inc.   9,577,755     1,090,619
Johnson Controls International plc  20,512,360       982,132
Cintas Corp.   2,564,029       957,742
* Block Inc. Class A  15,304,445       940,611
Parker-Hannifin Corp.   3,784,141       931,088
Global Payments Inc.   8,303,706       918,722
Trane Technologies plc   6,897,074       895,723
Carrier Global Corp.  25,014,704       892,024
Otis Worldwide Corp.  12,462,833       880,748
* TransDigm Group Inc.   1,529,450       820,810
Verisk Analytics Inc.   4,654,651       805,674
Cummins Inc.   4,159,683       805,023
PPG Industries Inc.   6,965,700       796,458
Old Dominion Freight Line Inc.   3,009,113       771,175
          Shares Market
Value

($000)
* Mettler-Toledo International Inc.     668,519       767,975
PACCAR Inc.   9,225,072       759,592
DuPont de Nemours Inc.  13,496,395       750,130
AMETEK Inc.   6,809,045       748,246
* Keysight Technologies Inc.   5,306,659       731,523
Rockwell Automation Inc.   3,426,865       683,008
Equifax Inc.   3,608,354       659,535
Ball Corp.   9,430,167       648,513
WW Grainger Inc.   1,355,534       615,995
* Waters Corp.   1,776,440       587,966
Fortive Corp.  10,570,233       574,809
Vulcan Materials Co.   3,920,212       557,062
Martin Marietta Materials Inc.   1,835,792       549,342
Quanta Services Inc.   4,238,786       531,289
* Teledyne Technologies Inc.   1,382,026       518,412
Dover Corp.   4,248,686       515,451
* United Rentals Inc.   2,111,839       512,987
Ingersoll Rand Inc.  11,969,109       503,660
Jacobs Engineering Group Inc.   3,791,037       481,955
Expeditors International of Washington Inc.   4,941,629       481,611
Stanley Black & Decker Inc.   4,447,875       466,404
* Zebra Technologies Corp. Class A   1,547,648       454,931
* FleetCor Technologies Inc.   2,164,871       454,861
TransUnion   5,668,963       453,460
* Trimble Inc.   7,374,549       429,420
Westinghouse Air Brake Technologies Corp.   5,113,848       419,745
Xylem Inc.   5,306,871       414,891
Synchrony Financial  14,772,164       408,007
IDEX Corp.   2,239,292       406,723
* Generac Holdings Inc.   1,881,662       396,240
JB Hunt Transport Services Inc.   2,470,939       389,099
Textron Inc.   6,342,028       387,308
Jack Henry & Associates Inc.   2,147,830       386,652
CH Robinson Worldwide Inc.   3,751,145       380,254
Packaging Corp. of America   2,761,303       379,679
Carlisle Cos. Inc.   1,525,008       363,882
Booz Allen Hamilton Holding Corp.   3,899,310       352,342
 
42

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Masco Corp.   6,960,297       352,191
Howmet Aerospace Inc.  11,099,353       349,075
Crown Holdings Inc.   3,624,712       334,090
* Bill.com Holdings Inc.   2,919,865       321,010
Nordson Corp.   1,537,229       311,197
Snap-on Inc.   1,572,761       309,881
* Fair Isaac Corp.     764,813       306,614
HEICO Corp. Class A   2,902,818       305,899
RPM International Inc.   3,819,125       300,642
Westrock Co.   7,514,577       299,381
Graco Inc.   4,987,062       296,281
Hubbell Inc. Class B   1,584,291       282,923
* Builders FirstSource Inc.   5,085,842       273,110
AECOM   4,162,564       271,482
Huntington Ingalls Industries Inc.   1,181,051       257,257
Allegion plc   2,585,779       253,148
Sealed Air Corp.   4,311,383       248,853
Toro Co.   3,084,436       233,769
Watsco Inc.     977,555       233,460
Robert Half International Inc.   3,090,921       231,479
Genpact Ltd.   5,462,127       231,376
Fortune Brands Home & Security Inc.   3,853,813       230,766
Regal Rexnord Corp.   1,979,371       224,698
Pentair plc   4,873,633       223,066
Tetra Tech Inc.   1,580,494       215,816
Owens Corning   2,867,321       213,071
* WillScot Mobile Mini Holdings Corp.   6,559,566       212,661
Knight-Swift Transportation Holdings Inc. Class A   4,584,053       212,196
Lincoln Electric Holdings Inc.   1,711,601       211,143
* Berry Global Group Inc.   3,848,293       210,271
A O Smith Corp.   3,829,591       209,402
Cognex Corp.   4,872,339       207,172
* WEX Inc.   1,325,245       206,155
* Middleby Corp.   1,605,465       201,261
AptarGroup Inc.   1,937,107       199,929
* Paylocity Holding Corp.   1,137,959       198,483
* Mohawk Industries Inc.   1,592,386       197,599
Lennox International Inc.     955,078       197,310
* Coherent Inc.     729,362       194,171
Sensata Technologies Holding plc   4,621,160       190,900
          Shares Market
Value

($000)
Advanced Drainage Systems Inc.   2,116,347       190,619
Western Union Co.  11,403,574       187,817
Graphic Packaging Holding Co.   9,085,340       186,249
Littelfuse Inc.     731,400       185,805
* Axon Enterprise Inc.   1,992,629       185,653
* FTI Consulting Inc.   1,018,727       184,237
* Trex Co. Inc.   3,332,690       181,365
* Chart Industries Inc.   1,077,913       180,421
Donaldson Co. Inc.   3,646,260       175,531
AGCO Corp.   1,754,309       173,150
MKS Instruments Inc.   1,645,203       168,847
ITT Inc.   2,456,246       165,158
Sonoco Products Co.   2,884,300       164,520
MDU Resources Group Inc.   5,995,980       161,831
* TopBuild Corp.     964,961       161,303
* WESCO International Inc.   1,498,195       160,457
Oshkosh Corp.   1,934,556       158,904
Landstar System Inc.   1,092,645       158,892
Acuity Brands Inc.   1,018,357       156,868
Woodward Inc.   1,694,714       156,744
* XPO Logistics Inc.   3,225,946       155,362
EMCOR Group Inc.   1,505,456       155,002
nVent Electric plc   4,903,297       153,620
Curtiss-Wright Corp.   1,131,160       149,381
BWX Technologies Inc.   2,696,600       148,556
* Saia Inc.     777,503       146,171
Brunswick Corp.   2,229,086       145,738
* AMN Healthcare Services Inc.   1,321,091       144,937
* Axalta Coating Systems Ltd.   6,519,399       144,144
* Euronet Worldwide Inc.   1,413,083       142,142
Valmont Industries Inc.     629,293       141,358
Exponent Inc.   1,526,274       139,608
* GXO Logistics Inc.   3,224,776       139,536
* ExlService Holdings Inc.     935,053       137,761
MSA Safety Inc.   1,101,399       133,346
* ASGN Inc.   1,430,035       129,061
Simpson Manufacturing Co. Inc.   1,273,493       128,126
Louisiana-Pacific Corp.   2,422,924       126,985
Eagle Materials Inc.   1,124,437       123,621
* MasTec Inc.   1,676,477       120,136
ManpowerGroup Inc.   1,552,244       118,607
Crane Holdings Co.   1,325,584       116,068
Maximus Inc.   1,809,795       113,130
 
43

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Flowserve Corp.   3,864,588       110,643
Allison Transmission Holdings Inc.   2,866,350       110,211
Vontier Corp.   4,766,739       109,587
Applied Industrial Technologies Inc.   1,138,873       109,525
* Kirby Corp.   1,778,855       108,226
Insperity Inc.   1,076,804       107,497
* Atkore Inc.   1,275,231       105,857
* Mercury Systems Inc.   1,623,374       104,432
Armstrong World Industries Inc.   1,385,697       103,872
Air Lease Corp. Class A   3,102,643       103,721
John Bean Technologies Corp.     937,689       103,540
* Marqeta Inc. Class A  12,727,167       103,217
Ryder System Inc.   1,434,580       101,941
Silgan Holdings Inc.   2,460,223       101,730
* Fluor Corp.   4,176,642       101,659
MSC Industrial Direct Co. Inc. Class A   1,325,378        99,549
Triton International Ltd.   1,888,137        99,410
Watts Water Technologies Inc. Class A     807,702        99,218
GATX Corp.   1,049,268        98,799
Zurn Elkay Water Solutions Corp.   3,540,090        96,432
*,1 Affirm Holdings Inc. Class A   5,326,962        96,205
HB Fuller Co.   1,568,113        94,416
Korn Ferry   1,589,243        92,208
* Aerojet Rocketdyne Holdings Inc.   2,259,708        91,744
Spirit AeroSystems Holdings Inc. Class A   3,089,618        90,526
* Welbilt Inc.   3,779,824        89,998
Comfort Systems USA Inc.   1,065,949        88,634
* API Group Corp.   5,851,868        87,602
Matson Inc.   1,195,759        87,147
* ACI Worldwide Inc.   3,314,240        85,806
* TriNet Group Inc.   1,104,242        85,711
ABM Industries Inc.   1,971,994        85,624
Franklin Electric Co. Inc.   1,160,761        85,037
Brink's Co.   1,386,274        84,161
HEICO Corp.     638,060        83,662
* Resideo Technologies Inc.   4,300,650        83,519
* Allegheny Technologies Inc.   3,675,330        83,467
          Shares Market
Value

($000)
* Beacon Roofing Supply Inc.   1,621,163        83,263
Otter Tail Corp.   1,233,433        82,800
* Summit Materials Inc. Class A   3,480,861        81,069
EVERTEC Inc.   2,128,157        78,486
UniFirst Corp.     453,297        78,049
Hillenbrand Inc.   1,904,367        78,003
ManTech International Corp. Class A     813,994        77,696
* Dycom Industries Inc.     828,235        77,059
* Meritor Inc.   2,080,941        75,601
* Bloom Energy Corp. Class A   4,541,392        74,933
Albany International Corp. Class A     928,502        73,157
Forward Air Corp.     792,116        72,843
EnerSys   1,200,792        70,799
Badger Meter Inc.     869,498        70,334
Belden Inc.   1,307,638        69,658
Esab Corp.   1,587,476        69,452
AAON Inc.   1,260,864        69,045
* Verra Mobility Corp. Class A   4,381,712        68,837
Herc Holdings Inc.     753,345        67,914
* Hub Group Inc. Class A     957,107        67,897
Moog Inc. Class A     854,386        67,830
Altra Industrial Motion Corp.   1,919,318        67,656
* SPX Corp.   1,279,718        67,620
Werner Enterprises Inc.   1,732,096        66,755
* Itron Inc.   1,330,571        65,770
* O-I Glass Inc.   4,602,154        64,430
Brady Corp. Class A   1,358,526        64,177
Helios Technologies Inc.     964,978        63,930
Federal Signal Corp.   1,788,394        63,667
Kadant Inc.     344,831        62,880
* Air Transport Services Group Inc.   2,084,861        59,898
Trinity Industries Inc.   2,464,742        59,696
* CBIZ Inc.   1,466,180        58,589
Encore Wire Corp.     556,383        57,819
Installed Building Products Inc.     692,060        57,552
* AeroVironment Inc.     696,071        57,217
Kennametal Inc.   2,437,172        56,616
* Alight Inc. Class A   8,246,004        55,661
Mueller Water Products Inc. Class A   4,662,860        54,695
McGrath RentCorp     712,105        54,120
 
44

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* GMS Inc.   1,212,693        53,965
Maxar Technologies Inc.   2,059,625        53,736
* AZEK Co. Inc. Class A   3,192,502        53,442
Terex Corp.   1,948,308        53,325
ESCO Technologies Inc.     763,301        52,187
Bread Financial Holdings Inc.   1,394,408        51,677
* Kratos Defense & Security Solutions Inc.   3,706,694        51,449
* Masonite International Corp.     667,553        51,288
EnPro Industries Inc.     617,629        50,602
Greif Inc. Class A     808,949        50,462
ICF International Inc.     527,690        50,131
* Shift4 Payments Inc. Class A   1,500,262        49,599
* Atlas Air Worldwide Holdings Inc.     793,078        48,941
ArcBest Corp.     686,324        48,297
CSW Industrials Inc.     456,693        47,053
* Cornerstone Building Brands Inc.   1,883,391        46,124
* NV5 Global Inc.     390,016        45,530
* Veritiv Corp.     410,292        44,537
Barnes Group Inc.   1,413,578        44,019
Lindsay Corp.     328,187        43,590
* Hayward Holdings Inc.   3,015,971        43,400
* CryoPort Inc.   1,386,276        42,947
Griffon Corp.   1,529,711        42,878
* MYR Group Inc.     480,567        42,352
* AAR Corp.     983,450        41,148
* Huron Consulting Group Inc.     628,301        40,833
Granite Construction Inc.   1,362,688        39,709
* CoreCivic Inc.   3,572,996        39,696
* Proto Labs Inc.     814,781        38,979
* OSI Systems Inc.     454,099        38,798
ADT Inc.   6,286,432        38,662
* Core & Main Inc. Class A   1,727,865        38,531
TTEC Holdings Inc.     557,182        37,827
* Gibraltar Industries Inc.     965,231        37,403
* Gates Industrial Corp. plc   3,455,137        37,350
* Vicor Corp.     673,691        36,871
* Flywire Corp.   2,081,369        36,695
* JELD-WEN Holding Inc.   2,448,406        35,722
*,1 Nikola Corp.   7,433,169        35,382
*,1 Legalzoom.com Inc.   3,201,651        35,186
          Shares Market
Value

($000)
TriMas Corp.   1,268,218        35,117
Kforce Inc.     572,036        35,089
Alamo Group Inc.     300,167        34,948
Primoris Services Corp.   1,587,278        34,539
*,1 Virgin Galactic Holdings Inc.   5,718,002        34,422
* Green Dot Corp. Class A   1,360,199        34,155
Enerpac Tool Group Corp. Class A   1,791,030        34,065
Patrick Industries Inc.     646,288        33,504
Greenbrier Cos. Inc.     919,276        33,085
* Evo Payments Inc. Class A   1,399,071        32,906
*,1 Hillman Solutions Corp.   3,735,933        32,278
Tennant Co.     523,760        31,033
International Seaways Inc.   1,457,984        30,909
*,1 Joby Aviation Inc.   6,206,150        30,472
Mesa Laboratories Inc.     148,560        30,297
Standex International Corp.     353,961        30,009
* Repay Holdings Corp. Class A   2,322,074        29,839
*,1 TuSimple Holdings Inc. Class A   4,106,188        29,688
* Energy Recovery Inc.   1,517,231        29,465
*,1 Enovix Corp.   3,227,120        28,754
Marten Transport Ltd.   1,706,467        28,703
AZZ Inc.     699,714        28,562
* PGT Innovations Inc.   1,692,027        28,155
* Payoneer Global Inc.   7,090,492        27,795
Deluxe Corp.   1,269,445        27,509
*,1 Proterra Inc.   5,895,417        27,355
Astec Industries Inc.     668,390        27,257
H&E Equipment Services Inc.     914,877        26,504
*,1 Rocket Lab USA Inc.   6,825,603        25,869
Apogee Enterprises Inc.     656,555        25,750
Kaman Corp.     815,171        25,474
Schneider National Inc. Class B   1,124,735        25,172
* Montrose Environmental Group Inc.     741,896        25,046
*,1 PureCycle Technologies Inc.   3,355,841        24,900
Myers Industries Inc.   1,064,279        24,191
* Great Lakes Dredge & Dock Corp.   1,839,344        24,114
 
45

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Construction Partners Inc. Class A   1,141,590        23,905
* Triumph Group Inc.   1,793,753        23,839
* Donnelley Financial Solutions Inc.     799,114        23,406
Quanex Building Products Corp.     998,720        22,721
* Cross Country Healthcare Inc.   1,085,204        22,605
* Titan International Inc.   1,496,376        22,595
Columbus McKinnon Corp.     792,497        22,483
* American Woodmark Corp.     487,146        21,926
*,1 AvidXchange Holdings Inc.   3,487,261        21,412
* ZipRecruiter Inc. Class A   1,430,967        21,207
* SP Plus Corp.     686,415        21,087
* Conduent Inc.   4,781,360        20,655
* First Advantage Corp.   1,578,471        19,999
* International Money Express Inc.     959,962        19,650
Heartland Express Inc.   1,381,733        19,220
* BlueLinx Holdings Inc.     283,621        18,949
Wabash National Corp.   1,392,656        18,912
Heidrick & Struggles International Inc.     580,340        18,780
*,1 Remitly Global Inc.   2,441,869        18,705
*,1 Mirion Technologies Inc.   3,229,881        18,604
* Sterling Infrastructure Inc.     842,196        18,461
Resources Connection Inc.     902,634        18,387
Kelly Services Inc. Class A     921,475        18,273
Douglas Dynamics Inc.     634,490        18,235
CRA International Inc.     202,089        18,051
Insteel Industries Inc.     533,587        17,966
*,1 Aurora Innovation Inc.   9,341,797        17,843
* Cimpress plc     458,443        17,833
Gorman-Rupp Co.     629,205        17,806
* Janus International Group Inc.   1,949,501        17,604
* Napco Security Technologies Inc.     844,758        17,394
Shyft Group Inc.     929,463        17,279
*,1 FARO Technologies Inc.     546,761        16,857
          Shares Market
Value

($000)
* TrueBlue Inc.     941,732        16,857
Chase Corp.     215,986        16,806
Pitney Bowes Inc.   4,633,489        16,773
* BTRS Holdings Inc.   3,290,983        16,389
* Franklin Covey Co.     349,590        16,144
* Forrester Research Inc.     334,971        16,025
Argan Inc.     426,696        15,924
*,1 Desktop Metal Inc. Class A   7,026,006        15,457
* Paya Holdings Inc.   2,334,426        15,337
* Modine Manufacturing Co.   1,447,225        15,239
Ennis Inc.     753,144        15,236
Barrett Business Services Inc.     207,068        15,089
* I3 Verticals Inc. Class A     588,059        14,713
Eagle Bulk Shipping Inc.     283,417        14,704
* DXP Enterprises Inc.     478,217        14,648
* BrightView Holdings Inc.   1,219,101        14,629
* TaskUS Inc. Class A     839,369        14,152
* Ducommun Inc.     309,233        13,309
* Thermon Group Holdings Inc.     932,760        13,105
* Titan Machinery Inc.     579,374        12,984
Cass Information Systems Inc.     374,933        12,673
*,1 CS Disco Inc.     689,476        12,438
Kronos Worldwide Inc.     666,260        12,259
*,1 Workhorse Group Inc.   4,605,908        11,975
*,1 Hyliion Holdings Corp.   3,612,900        11,634
* Transcat Inc.     203,630        11,568
*,1 Danimer Scientific Inc.   2,505,333        11,424
* Vectrus Inc.     335,324        11,220
REV Group Inc.   1,017,861        11,064
VSE Corp.     291,711        10,962
*,1 Archer Aviation Inc. Class A   3,494,180        10,762
Pactiv Evergreen Inc.   1,068,389        10,641
* Tutor Perini Corp.   1,210,073        10,624
National Presto Industries Inc.     156,902        10,299
*,1 Custom Truck One Source Inc.   1,831,243        10,255
* Radiant Logistics Inc.   1,368,861        10,157
* Manitowoc Co. Inc.     964,116        10,152
* Vishay Precision Group Inc.     340,379         9,915
*,1 Microvast Holdings Inc.   4,443,200         9,864
 
46

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Cadre Holdings Inc.     488,900         9,617
*,1 HireRight Holdings Corp.     676,654         9,615
* CIRCOR International Inc.     582,774         9,552
* Willdan Group Inc.     335,760         9,260
* Sterling Check Corp.     566,975         9,247
* Cantaloupe Inc.   1,644,546         9,209
* Advantage Solutions Inc.   2,419,639         9,195
* Babcock & Wilcox Enterprises Inc.   1,489,805         8,984
Allied Motion Technologies Inc.     388,182         8,866
* Ranpak Holdings Corp. Class A   1,252,622         8,768
Hyster-Yale Materials Handling Inc.     269,570         8,686
* Hudson Technologies Inc.   1,149,613         8,634
* Daseke Inc.   1,310,814         8,376
*,1 Aspen Aerogels Inc.     798,243         7,887
Information Services Group Inc.   1,149,523         7,771
*,1 Blade Air Mobility Inc.   1,737,835         7,751
* USA Truck Inc.     243,168         7,640
* Astronics Corp.     748,871         7,616
* Distribution Solutions Group Inc.     144,378         7,420
Covenant Logistics Group Inc. Class A     287,706         7,219
1 Perella Weinberg Partners Class A   1,232,960         7,188
Park Aerospace Corp.     561,647         7,167
* IES Holdings Inc.     235,697         7,111
* ShotSpotter Inc.     260,978         7,023
*,1 PFSweb Inc.     594,902         6,996
Miller Industries Inc.     307,701         6,976
* Infrastructure & Energy Alternatives Inc.     847,683         6,807
*,1 Hyzon Motors Inc.   2,193,000         6,447
* Velo3D Inc.   4,604,936         6,355
Powell Industries Inc.     271,733         6,350
*,1 Paymentus Holdings Inc. Class A     465,000         6,217
*,1 Acacia Research Corp.   1,231,212         6,205
*,1 AEye Inc.   3,244,500         6,197
* DHI Group Inc.   1,239,544         6,161
*,1 Skillsoft Corp.   1,716,308         6,041
United States Lime & Minerals Inc.      53,708         5,672
* AerSale Corp.     387,592         5,624
          Shares Market
Value

($000)
* Vivint Smart Home Inc.   1,564,118         5,443
* Commercial Vehicle Group Inc.     928,491         5,422
* PAM Transportation Services Inc.     196,206         5,374
*,1 Luna Innovations Inc.     909,888         5,305
* Atlanticus Holdings Corp.     150,156         5,281
* Target Hospitality Corp.     883,697         5,046
* CECO Environmental Corp.     843,032         5,041
*,1 BlackSky Technology Inc.   2,138,227         4,939
*,1 Markforged Holding Corp.   2,516,800         4,656
* Performant Financial Corp.   1,765,368         4,643
* Atlas Technical Consultants Inc. Class A     880,011         4,629
* Moneylion Inc.   3,463,658         4,572
*,1 Evolv Technologies Holdings Inc.   1,699,160         4,520
* ServiceSource International Inc.   3,062,915         4,502
LSI Industries Inc.     728,530         4,495
Greif Inc. Class B      72,063         4,489
Universal Logistics Holdings Inc.     163,933         4,477
* Concrete Pumping Holdings Inc.     737,042         4,466
*,1 Sarcos Technology & Robotics Corp.   1,585,038         4,216
*,1 Yellow Corp.   1,438,436         4,215
* Blue Bird Corp.     456,096         4,201
Hurco Cos. Inc.     168,308         4,164
*,1 Velodyne Lidar Inc.   4,327,261         4,133
* RCM Technologies Inc.     201,033         4,069
*,1 Byrna Technologies Inc.     472,114         4,055
1 Park-Ohio Holdings Corp.     249,800         3,962
*,1 Astra Space Inc.   3,043,100         3,956
*,1 Lightning eMotors Inc.   1,424,250         3,945
*,1 Hydrofarm Holdings Group Inc.   1,113,245         3,874
* L B Foster Co. Class A     298,585         3,843
* Iteris Inc.   1,300,466         3,758
* Overseas Shipholding Group Inc. Class A   1,723,796         3,534
BGSF Inc.     281,551         3,480
 
47

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Bowman Consulting Group Ltd. Class A     278,036         3,431
* DLH Holdings Corp.     217,850         3,320
*,1 Latch Inc.   2,820,819         3,216
* Gencor Industries Inc.     312,496         3,175
*,1 Momentus Inc.   1,459,433         3,152
* Mistras Group Inc.     526,942         3,130
*,1 Spire Global Inc.   2,694,292         3,125
* Twin Disc Inc.     342,500         3,103
* Quad/Graphics Inc.   1,103,900         3,036
* Karat Packaging Inc.     171,091         2,919
*,1 View Inc.   1,681,844         2,725
*,1 Xos Inc.   1,445,239         2,659
ARC Document Solutions Inc.   1,010,004         2,656
*,1 Berkshire Grey Inc.   1,800,758         2,611
* Manitex International Inc.     396,585         2,574
* INNOVATE Corp.   1,371,484         2,373
* Hill International Inc.   1,410,112         2,369
* Willis Lease Finance Corp.      62,993         2,361
*,1 BitNile Holdings Inc.   8,879,564         2,358
* Innovative Solutions & Support Inc.     320,858         2,310
* CPI Card Group Inc.     129,785         2,180
* Hudson Global Inc.      66,585         2,091
Graham Corp.     298,776         2,068
*,1 EVI Industries Inc.     205,601         2,054
* US Xpress Enterprises Inc. Class A     737,548         1,977
*,1 Energous Corp.   1,931,682         1,932
1 HireQuest Inc.     136,738         1,927
* Core Molding Technologies Inc.     209,461         1,925
*,1 Rekor Systems Inc.   1,063,950         1,873
* Orion Group Holdings Inc.     803,756         1,833
*,1 Biotricity Inc.   1,017,800         1,802
* Usio Inc.     735,621         1,788
* Smith-Midland Corp.     127,058         1,779
* Mayville Engineering Co. Inc.     223,635         1,731
* Alpha Pro Tech Ltd.     386,631         1,724
*,1 MICT Inc.   3,024,389         1,720
*,1 Redwire Corp.     554,400         1,685
* Frequency Electronics Inc.     228,179         1,666
* GEE Group Inc.   3,114,781         1,626
*,1 Aeroclean Technologies Inc.     123,000         1,611
*,1 Lightbridge Corp.     343,933         1,603
*,1 Agrify Corp.     802,166         1,580
* RF Industries Ltd.     249,088         1,544
          Shares Market
Value

($000)
* Orion Energy Systems Inc.     762,830         1,533
*,1 Orbital Energy Group Inc.   2,332,919         1,469
* Ultralife Corp.     320,851         1,460
* Paysign Inc.     898,624         1,366
*,1 IZEA Worldwide Inc.   1,456,969         1,308
* VirTra Inc.     262,879         1,293
*,1 Eos Energy Enterprises Inc.   1,055,795         1,278
*,1 Wrap Technologies Inc.     665,739         1,238
* Limbach Holdings Inc.     230,117         1,229
* Research Solutions Inc.     684,982         1,212
*,1 FreightCar America Inc.     329,338         1,199
* LS Starrett Co. Class A     164,541         1,155
* Sono-Tek Corp.     157,600         1,150
* Horizon Global Corp.     689,607         1,124
*,1 Katapult Holdings Inc.   1,000,628         1,071
* StarTek Inc.     351,627         1,016
*,1 Odyssey Marine Exploration Inc. Class B     290,463           990
*,1 AgEagle Aerial Systems Inc.   1,524,286           985
*,1 Coda Octopus Group Inc.     183,570           918
*,1 Digital Ally Inc.   1,055,808           835
* ALJ Regional Holdings Inc.     420,907           812
* Priority Technology Holdings Inc.     239,738           791
*,1 AIkido Pharma Inc.     132,561           781
Where Food Comes From Inc.      68,560           740
* LightPath Technologies Inc. Class A     592,317           729
* ClearSign Technologies Corp.     588,394           712
* Sypris Solutions Inc.     286,226           664
*,1 Broadwind Inc.     381,008           625
*,1 Fuel Tech Inc.     473,281           587
* Ballantyne Strong Inc.     226,990           547
* Air T Inc.      32,860           541
* Team Inc.     713,063           530
* Williams Industrial Services Group Inc.     381,626           530
* Espey Manufacturing & Electronics Corp.      36,520           520
*,1 Shapeways Holdings Inc.     433,187           507
 
48

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
*,1 Astrotech Corp.   1,172,756           504
* Air Industries Group     702,427           492
*,1 DSS Inc.   1,333,662           469
Taitron Components Inc. Class A     126,100           460
* Wireless Telecom Group Inc.     339,257           448
* Sidus Space Inc. Class A     134,281           443
Autoscope Technologies Corp.      79,282           433
* CompoSecure Inc.      79,739           415
* TSR Inc.      50,537           376
*,1 TOMI Environmental Solutions Inc.     447,022           318
* Pioneer Power Solutions Inc.     107,157           308
* ENGlobal Corp.     311,944           297
*,1 GreenBox POS     270,686           284
*,1 AmpliTech Group Inc.     132,700           268
* Bio-key International Inc.     138,179           245
*,1 Enjoy Technology Inc.   1,024,765           222
* Jewett-Cameron Trading Co. Ltd.      33,538           211
* SG Blocks Inc.     122,327           204
* ShiftPixy Inc.     588,101           186
* LGL Group Inc.      14,211           184
* Socket Mobile Inc.      59,999           182
*,1 Polar Power Inc.      42,978           116
* P&F Industries Inc. Class A      19,462           111
* Servotronics Inc.       8,333            94
*,1 Applied DNA Sciences Inc.     120,114            89
* Staffing 360 Solutions Inc.       8,944            52
* OLB Group Inc.      45,532            40
* Schmitt Industries Inc.       5,581            22
Ardagh Group SA Class A          37             1
* LGL Group Inc. Warrants Exp. 12/16/25       2,391             1
*,2 Patriot National Inc.     129,819            —
                      140,384,026
Real Estate (3.7%)
American Tower Corp.  13,699,578     3,501,475
Prologis Inc.  21,809,403     2,565,876
Crown Castle International Corp.  12,769,139     2,150,068
Equinix Inc.   2,683,996     1,763,439
Public Storage   4,397,997     1,375,122
Realty Income Corp.  17,717,028     1,209,364
          Shares Market
Value

($000)
Welltower Inc.  13,384,839     1,102,242
Digital Realty Trust Inc.   8,395,010     1,089,924
SBA Communications Corp.   3,179,408     1,017,570
Simon Property Group Inc.   9,687,935       919,579
AvalonBay Communities Inc.   4,120,696       800,445
Equity Residential  10,536,542       760,949
Weyerhaeuser Co.  21,947,386       726,897
* CoStar Group Inc.  11,689,346       706,153
VICI Properties Inc.  23,615,541       703,507
Alexandria Real Estate Equities Inc.   4,812,436       697,948
* CBRE Group Inc. Class A   9,157,634       674,093
Extra Space Storage Inc.   3,960,305       673,727
Invitation Homes Inc.  17,988,276       640,023
Duke Realty Corp.  11,335,606       622,892
Ventas Inc.  11,792,406       606,483
Mid-America Apartment Communities Inc.   3,402,885       594,382
Sun Communities Inc.   3,585,395       571,369
Essex Property Trust Inc.   1,927,591       504,084
WP Carey Inc.   5,686,966       471,222
UDR Inc.   9,390,427       432,335
Camden Property Trust   3,134,737       421,559
Iron Mountain Inc.   8,573,633       417,450
Healthpeak Properties Inc.  15,908,916       412,200
Boston Properties Inc.   4,157,325       369,919
Kimco Realty Corp.  18,204,074       359,895
Equity LifeStyle Properties Inc.   4,933,410       347,657
Host Hotels & Resorts Inc.  21,060,880       330,235
Gaming & Leisure Properties Inc.   6,923,667       317,519
Regency Centers Corp.   5,082,379       301,436
American Homes 4 Rent Class A   8,192,217       290,332
CubeSmart   6,612,184       282,473
Rexford Industrial Realty Inc.   4,860,376       279,909
Life Storage Inc.   2,485,324       277,511
Medical Properties Trust Inc.  17,679,181       269,961
American Campus Communities Inc.   4,105,887       264,707
 
49

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Jones Lang LaSalle Inc.   1,442,204       252,184
Americold Realty Trust Inc.   7,941,527       238,563
Lamar Advertising Co. Class A   2,566,388       225,765
Federal Realty OP LP   2,340,059       224,037
National Retail Properties Inc.   5,183,596       222,895
STORE Capital Corp.   7,842,320       204,528
Omega Healthcare Investors Inc.   6,927,342       195,282
Apartment Income REIT Corp. Class A   4,622,339       192,289
EastGroup Properties Inc.   1,228,769       189,636
Healthcare Trust of America Inc. Class A   6,752,499       188,462
First Industrial Realty Trust Inc.   3,881,252       184,282
Kilroy Realty Corp.   3,442,819       180,163
Brixmor Property Group Inc.   8,831,872       178,492
STAG Industrial Inc.   5,286,663       163,252
Rayonier Inc.   4,316,684       161,358
Agree Realty Corp.   2,216,598       159,883
* Zillow Group Inc. Class C   4,819,261       153,012
Spirit Realty Capital Inc.   3,959,610       149,594
Vornado Realty Trust   5,081,409       145,277
Independence Realty Trust Inc.   6,515,157       135,059
Cousins Properties Inc.   4,404,720       128,750
National Storage Affiliates Trust   2,555,174       127,938
Terreno Realty Corp.   2,229,229       124,235
Healthcare Realty Trust Inc.   4,458,691       121,276
* Ryman Hospitality Properties Inc.   1,540,556       117,128
Physicians Realty Trust   6,661,532       116,244
1 Phillips Edison & Co. Inc.   3,356,342       112,135
Kite Realty Group Trust   6,457,104       111,643
Douglas Emmett Inc.   4,940,018       110,558
PS Business Parks Inc.     569,363       106,556
Highwoods Properties Inc.   3,112,760       106,425
EPR Properties   2,213,954       103,901
Broadstone Net Lease Inc.   4,753,183        97,488
          Shares Market
Value

($000)
Hannon Armstrong Sustainable Infrastructure Capital Inc.   2,557,486        96,826
Sabra Health Care REIT Inc.   6,844,956        95,624
Apple Hospitality REIT Inc.   6,401,905        93,916
LXP Industrial Trust   8,460,574        90,867
Innovative Industrial Properties Inc.     822,758        90,396
SL Green Realty Corp.   1,890,435        87,244
* Equity Commonwealth   3,167,944        87,214
Corporate Office Properties Trust   3,324,996        87,082
JBG SMITH Properties   3,660,310        86,530
PotlatchDeltic Corp.   1,941,102        85,777
* DigitalBridge Group Inc.  17,561,462        85,700
Park Hotels & Resorts Inc.   6,192,637        84,034
Essential Properties Realty Trust Inc.   3,881,799        83,420
National Health Investors Inc.   1,292,926        78,364
* Howard Hughes Corp.   1,136,800        77,359
Outfront Media Inc.   4,337,620        73,523
SITE Centers Corp.   5,344,005        71,984
* Cushman & Wakefield plc   4,675,800        71,259
Kennedy-Wilson Holdings Inc.   3,498,827        66,268
Uniti Group Inc.   6,953,160        65,499
*,1 Opendoor Technologies Inc.  13,792,524        64,963
Pebblebrook Hotel Trust   3,868,924        64,108
Four Corners Property Trust Inc.   2,377,120        63,208
* Sunstone Hotel Investors Inc.   6,347,504        62,967
Hudson Pacific Properties Inc.   4,054,961        60,176
Washington REIT   2,587,334        55,136
Retail Opportunity Investments Corp.   3,455,287        54,524
RLJ Lodging Trust   4,929,999        54,378
CareTrust REIT Inc.   2,899,260        53,462
Macerich Co.   6,037,733        52,589
Easterly Government Properties Inc. Class A   2,709,162        51,582
* DiamondRock Hospitality Co.   6,242,243        51,249
 
50

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Urban Edge Properties   3,305,987        50,284
Brandywine Realty Trust   5,120,662        49,363
* Xenia Hotels & Resorts Inc.   3,382,673        49,150
InvenTrust Properties Corp.   1,897,447        48,935
Piedmont Office Realty Trust Inc. Class A   3,673,893        48,201
St. Joe Co.   1,140,046        45,100
LTC Properties Inc.   1,172,557        45,014
Acadia Realty Trust   2,826,521        44,150
Global Net Lease Inc.   3,081,212        43,630
Newmark Group Inc. Class A   4,339,021        41,958
*,1 WeWork Inc.   8,300,101        41,667
Tanger Factory Outlet Centers Inc.   2,923,232        41,568
NexPoint Residential Trust Inc.     649,147        40,578
American Assets Trust Inc.   1,353,784        40,207
Paramount Group Inc.   5,507,357        39,818
Alexander & Baldwin Inc.   2,123,709        38,121
* Zillow Group Inc. Class A   1,187,702        37,781
Centerspace     450,753        36,759
Empire State Realty Trust Inc. Class A   4,926,032        34,630
* Radius Global Infrastructure Inc.   2,180,307        33,272
* Anywhere Real Estate Inc.   3,305,667        32,495
Getty Realty Corp.   1,161,115        30,770
* Veris Residential Inc.   2,304,948        30,518
Office Properties Income Trust   1,460,391        29,135
* Apartment Investment & Management Co. Class A   4,486,827        28,716
Necessity Retail REIT Inc. Class A   3,919,455        28,534
Marcus & Millichap Inc.     742,190        27,454
*,1 Compass Inc. Class A   7,563,384        27,304
Industrial Logistics Properties Trust   1,919,383        27,025
NETSTREIT Corp.   1,408,923        26,586
Armada Hoffler Properties Inc.   2,026,454        26,020
Service Properties Trust   4,911,327        25,686
          Shares Market
Value

($000)
Community Healthcare Trust Inc.     709,254        25,682
UMH Properties Inc.   1,435,073        25,343
RPT Realty   2,545,405        25,021
*,1 Redfin Corp.   3,013,140        24,828
1 eXp World Holdings Inc.   1,965,620        23,135
* GEO Group Inc.   3,469,156        22,896
* Summit Hotel Properties Inc.   3,029,258        22,023
Bluerock Residential Growth REIT Inc. Class A     830,708        21,839
Gladstone Land Corp.     965,225        21,389
Gladstone Commercial Corp.   1,127,929        21,250
Global Medical REIT Inc.   1,826,704        20,514
Safehold Inc.     562,104        19,882
Plymouth Industrial REIT Inc.   1,125,885        19,748
Universal Health Realty Income Trust     354,893        18,884
Saul Centers Inc.     400,543        18,870
Ares Commercial Real Estate Corp.   1,509,639        18,463
Orion Office REIT Inc.   1,675,026        18,358
Farmland Partners Inc.   1,324,098        18,273
City Office REIT Inc.   1,177,279        15,246
Whitestone REIT   1,399,923        15,049
CatchMark Timber Trust Inc. Class A   1,484,544        14,935
* Chatham Lodging Trust   1,389,373        14,519
RE/MAX Holdings Inc. Class A     542,864        13,311
Diversified Healthcare Trust   7,212,750        13,127
Alexander's Inc.      58,505        12,997
One Liberty Properties Inc.     486,722        12,645
RMR Group Inc. Class A     442,978        12,558
Urstadt Biddle Properties Inc. Class A     772,832        12,520
Bridge Investment Group Holdings Inc. Class A     806,505        11,727
Franklin Street Properties Corp.   2,758,628        11,503
* Hersha Hospitality Trust Class A   1,071,995        10,516
* FRP Holdings Inc.     168,398        10,163
 
51

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
1 CTO Realty Growth Inc.     164,401        10,048
Cedar Realty Trust Inc.     341,658         9,836
Douglas Elliman Inc.   1,973,467         9,453
* Tejon Ranch Co.     597,450         9,272
1 Braemar Hotels & Resorts Inc.   2,097,772         8,999
Indus Realty Trust Inc.     132,747         7,880
BRT Apartments Corp.     355,404         7,638
Postal Realty Trust Inc. Class A     503,103         7,496
* Stratus Properties Inc.     224,041         7,220
* Forestar Group Inc.     506,605         6,935
*,1 Ashford Hospitality Trust Inc.   1,059,345         6,335
Alpine Income Property Trust Inc.     327,561         5,870
* Seritage Growth Properties Class A   1,050,167         5,471
1 Urstadt Biddle Properties Inc.     265,654         4,604
1 Modiv Inc. Class C     190,758         3,373
Clipper Realty Inc.     405,295         3,129
*,1 Offerpad Solutions Inc.   1,360,320         2,966
Creative Media & Community Trust Corp.     365,744         2,597
New York City REIT Inc. Class A     399,177         2,096
* Altisource Portfolio Solutions SA     175,265         1,882
Global Self Storage Inc.     319,661         1,800
* Maui Land & Pineapple Co. Inc.     189,318         1,793
*,1 Fathom Holdings Inc.     225,495         1,768
* AMREP Corp.      90,095         1,011
* Power REIT      77,896           992
* Rafael Holdings Inc. Class B     420,549           786
CorEnergy Infrastructure Trust Inc.     307,228           774
*,2 Spirit MTA REIT   2,854,330           764
* Trinity Place Holdings Inc.     753,758           761
* Comstock Holding Cos. Inc. Class A     164,051           742
* Sotherly Hotels Inc.     337,859           588
1 Presidio Property Trust Inc. Class A     176,733           564
* Wheeler REIT Inc.     130,830           332
          Shares Market
Value

($000)
*,1 Harbor Custom Development Inc.     238,273           331
* Alset EHome International Inc.   1,041,111           306
*,1 Pennsylvania REIT      84,789           284
*,1 Avalon GloboCare Corp.     503,819           239
*,2 New York REIT Liquidating LLC      19,100           215
Generation Income Properties Inc.      32,616           207
* JW Mays Inc.       1,318            55
* Presidio Property Trust Inc. Warrants Exp. 1/24/27     110,319            20
Medalist Diversified REIT Inc.      18,356            15
                       41,294,539
Technology (25.6%)
Apple Inc. 453,344,258    61,981,227
Microsoft Corp. 220,511,857    56,634,060
* Alphabet Inc. Class A   8,897,835    19,390,696
* Alphabet Inc. Class C   7,823,086    17,112,609
* Meta Platforms Inc. Class A  67,624,180    10,904,399
NVIDIA Corp.  70,136,366    10,631,972
Broadcom Inc.  11,435,248     5,555,358
* Adobe Inc.  13,930,908     5,099,548
* Salesforce Inc.  27,841,521     4,594,965
Intel Corp. 120,549,478     4,509,756
QUALCOMM Inc.  33,020,874     4,218,086
Texas Instruments Inc.  27,182,173     4,176,541
International Business Machines Corp.  26,518,090     3,744,089
* Advanced Micro Devices Inc.  47,777,056     3,653,511
Intuit Inc.   7,901,400     3,045,516
Oracle Corp.  43,269,148     3,023,215
* ServiceNow Inc.   5,911,024     2,810,810
Applied Materials Inc.  26,046,472     2,369,708
Analog Devices Inc.  15,324,588     2,238,769
Micron Technology Inc.  32,921,676     1,819,910
Lam Research Corp.   4,090,395     1,743,122
* Palo Alto Networks Inc.   2,937,891     1,451,142
KLA Corp.   4,400,682     1,404,170
* Synopsys Inc.   4,510,761     1,369,918
Roper Technologies Inc.   3,121,933     1,232,071
* Cadence Design Systems Inc.   8,131,463     1,219,963
* Fortinet Inc.  20,115,986     1,138,163
Amphenol Corp. Class A  17,604,096     1,133,352
 
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Total Stock Market Index Fund
          Shares Market
Value

($000)
* Autodesk Inc.   6,414,376     1,103,016
* Snowflake Inc. Class A   7,887,034     1,096,771
Marvell Technology Inc.  25,094,316     1,092,356
TE Connectivity Ltd.   9,501,520     1,075,097
Cognizant Technology Solutions Corp. Class A  15,363,511     1,036,883
* Crowdstrike Holdings Inc. Class A   5,977,042     1,007,490
Microchip Technology Inc.  16,352,367       949,745
HP Inc.  27,452,136       899,881
* Workday Inc. Class A   5,858,756       817,765
* Datadog Inc. Class A   7,515,469       715,773
VMware Inc. Class A   6,208,405       707,634
Corning Inc.  22,425,908       706,640
* Zoom Video Communications Inc. Class A   6,311,253       681,426
* Twitter Inc.  18,030,559       674,163
* ON Semiconductor Corp.  12,813,308       644,638
CDW Corp.   3,984,845       627,852
* ANSYS Inc.   2,563,593       613,442
* Match Group Inc.   8,427,801       587,333
* Gartner Inc.   2,257,243       545,869
Hewlett Packard Enterprise Co.  38,390,612       509,060
Monolithic Power Systems Inc.   1,307,510       502,136
* MongoDB Inc.   1,907,345       494,956
* DoorDash Inc. Class A   7,578,169       486,291
* EPAM Systems Inc.   1,601,726       472,157
* Palantir Technologies Inc. Class A  51,617,478       468,171
* VeriSign Inc.   2,747,542       459,746
Skyworks Solutions Inc.   4,745,000       439,577
* Akamai Technologies Inc.   4,723,850       431,429
Seagate Technology Holdings plc   6,023,960       430,352
NetApp Inc.   6,559,583       427,947
* Twilio Inc. Class A   5,068,531       424,794
* Paycom Software Inc.   1,511,854       423,501
Teradyne Inc.   4,721,107       422,775
* Splunk Inc.   4,743,826       419,639
* Western Digital Corp.   9,241,157       414,281
* Tyler Technologies Inc.   1,223,193       406,687
Leidos Holdings Inc.   4,028,236       405,684
          Shares Market
Value

($000)
* HubSpot Inc.   1,337,719       402,185
* Okta Inc.   4,444,346       401,769
* Snap Inc. Class A  30,501,033       400,479
* Zscaler Inc.   2,495,735       373,137
SS&C Technologies Holdings Inc.   6,390,338       371,087
Entegris Inc.   4,004,607       368,944
Citrix Systems Inc.   3,728,231       362,272
NortonLifeLock Inc.  16,197,518       355,698
Dell Technologies Inc. Class C   7,680,339       354,908
* DocuSign Inc.   5,893,389       338,163
* GoDaddy Inc. Class A   4,772,174       331,952
* PTC Inc.   3,104,951       330,181
* Cloudflare Inc. Class A   7,461,988       326,462
* Pinterest Inc. Class A  16,941,251       307,653
* Qorvo Inc.   3,127,811       295,015
* Black Knight Inc.   4,367,876       285,615
* ZoomInfo Technologies Inc. Class A   8,327,011       276,790
* F5 Inc.   1,785,891       273,313
* Zendesk Inc.   3,614,648       267,737
* Dynatrace Inc.   5,904,692       232,881
* Wolfspeed Inc.   3,649,888       231,585
*,1 Unity Software Inc.   6,116,597       225,213
* Arrow Electronics Inc.   1,972,789       221,130
Bentley Systems Inc. Class B   6,511,361       216,828
* Pure Storage Inc. Class A   8,363,087       215,015
* Manhattan Associates Inc.   1,863,096       213,511
* DXC Technology Co.   7,004,443       212,305
* Ceridian HCM Holding Inc.   4,287,167       201,840
KBR Inc.   4,121,251       199,427
* Lattice Semiconductor Corp.   4,053,045       196,573
* CACI International Inc. Class A     690,560       194,586
Jabil Inc.   3,753,632       192,224
CDK Global Inc.   3,441,058       188,467
* Five9 Inc.   2,054,599       187,256
* Avalara Inc.   2,597,646       183,394
*,1 AppLovin Corp. Class A   5,302,695       182,625
* IAC/InterActiveCorp   2,357,822       179,124
* Guidewire Software Inc.   2,468,690       175,252
* Sailpoint Technologies Holdings Inc.   2,771,733       173,732
 
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Dropbox Inc. Class A   8,190,384       171,916
Concentrix Corp.   1,236,353       167,699
* UiPath Inc. Class A   8,880,324       161,533
* II-VI Inc.   3,145,866       160,282
* Change Healthcare Inc.   6,905,558       159,242
Azenta Inc.   2,207,568       159,166
* Aspen Technology Inc.     850,292       156,182
Science Applications International Corp.   1,651,693       153,773
* Silicon Laboratories Inc.   1,077,777       151,126
* Elastic NV   2,203,389       149,103
* Tenable Holdings Inc.   3,266,688       148,340
CMC Materials Inc.     841,270       146,793
* Rogers Corp.     552,455       144,793
* Mandiant Corp.   6,541,513       142,736
* Synaptics Inc.   1,170,063       138,126
Dolby Laboratories Inc. Class A   1,915,927       137,104
* RingCentral Inc. Class A   2,499,734       130,636
* Qualys Inc.   1,028,595       129,747
Power Integrations Inc.   1,721,944       129,163
* SentinelOne Inc. Class A   5,501,483       128,350
* Coupa Software Inc.   2,222,001       126,876
Universal Display Corp.   1,251,396       126,566
Switch Inc. Class A   3,756,669       125,848
Avnet Inc.   2,888,837       123,873
* Novanta Inc.   1,003,550       121,701
National Instruments Corp.   3,874,803       121,010
* Cirrus Logic Inc.   1,662,104       120,569
* SPS Commerce Inc.   1,064,370       120,327
TD SYNNEX Corp.   1,282,276       116,815
* Smartsheet Inc. Class A   3,600,814       113,174
* NCR Corp.   3,617,349       112,536
* Rapid7 Inc.   1,638,209       109,432
* Teradata Corp.   2,927,016       108,329
* Dun & Bradstreet Holdings Inc.   7,057,784       106,079
* Blackline Inc.   1,576,532       104,997
* Semtech Corp.   1,871,636       102,884
* Onto Innovation Inc.   1,469,945       102,514
* Box Inc. Class A   4,008,483       100,773
* Ziff Davis Inc.   1,333,341        99,374
* Nutanix Inc. Class A   6,489,816        94,946
* Varonis Systems Inc.   3,222,749        94,491
* Perficient Inc.   1,019,961        93,520
* IPG Photonics Corp.     993,076        93,478
* Toast Inc. Class A   7,082,172        91,643
          Shares Market
Value

($000)
* Procore Technologies Inc.   2,010,034        91,235
* Blackbaud Inc.   1,567,679        91,035
* Insight Enterprises Inc.   1,037,305        89,499
* FormFactor Inc.   2,304,994        89,272
* Fabrinet   1,085,168        88,007
* Alarm.com Holdings Inc.   1,404,957        86,911
* Envestnet Inc.   1,621,854        85,585
* Workiva Inc. Class A   1,275,613        84,178
* Diodes Inc.   1,271,223        82,083
* Alteryx Inc. Class A   1,693,281        81,989
Advanced Energy Industries Inc.   1,108,757        80,917
* Verint Systems Inc.   1,909,123        80,851
* New Relic Inc.   1,578,378        78,998
* CommVault Systems Inc.   1,250,485        78,656
* Altair Engineering Inc. Class A   1,472,086        77,285
Vertiv Holdings Co. Class A   8,856,302        72,799
* Upwork Inc.   3,460,937        71,572
* DigitalOcean Holdings Inc.   1,716,765        71,005
* SiTime Corp.     433,472        70,669
* NetScout Systems Inc.   2,077,632        70,328
* Rambus Inc.   3,260,418        70,066
* Bumble Inc. Class A   2,487,737        70,030
* MaxLinear Inc. Class A   2,053,434        69,776
* Sanmina Corp.   1,710,223        69,657
* Ambarella Inc.   1,063,873        69,641
Vishay Intertechnology Inc.   3,900,106        69,500
* Confluent Inc. Class A   2,962,133        68,840
* MACOM Technology Solutions Holdings Inc.   1,442,187        66,485
* Covetrus Inc.   3,094,130        64,203
* Sprout Social Inc. Class A   1,093,126        63,478
* Q2 Holdings Inc.   1,616,602        62,352
* Cargurus Inc. Class A   2,877,697        61,842
* Plexus Corp.     778,361        61,101
*,1 nCino Inc.   1,964,661        60,747
Progress Software Corp.   1,297,084        58,758
* Kyndryl Holdings Inc.   5,948,193        58,173
Pegasystems Inc.   1,205,807        57,686
*,1 E2open Parent Holdings Inc.   7,114,974        55,355
 
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Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Amkor Technology Inc.   3,253,287        55,143
* Yelp Inc. Class A   1,983,592        55,084
* PagerDuty Inc.   2,196,159        54,421
CSG Systems International Inc.     909,896        54,303
* Appian Corp.   1,141,918        54,081
* Super Micro Computer Inc.   1,298,264        52,385
* TechTarget Inc.     782,762        51,443
* Axcelis Technologies Inc.     922,090        50,567
* LiveRamp Holdings Inc.   1,930,124        49,817
* Allscripts Healthcare Solutions Inc.   3,246,526        48,146
* Appfolio Inc. Class A     531,026        48,132
* Jamf Holding Corp.   1,941,500        48,091
Xerox Holdings Corp.   3,203,042        47,565
*,1 MicroStrategy Inc. Class A     274,890        45,164
* Digital Turbine Inc.   2,564,320        44,799
*,1 Clear Secure Inc. Class A   2,192,782        43,856
* Parsons Corp.   1,078,903        43,609
* DoubleVerify Holdings Inc.   1,919,917        43,525
* Gitlab Inc. Class A     814,676        43,292
* ePlus Inc.     799,053        42,446
Xperi Holding Corp.   2,918,910        42,120
* CCC Intelligent Solutions Holdings Inc.   4,528,696        41,664
* Schrodinger Inc.   1,572,045        41,518
* Allegro MicroSystems Inc.   1,977,880        40,922
* JFrog Ltd.   1,885,547        39,728
Shutterstock Inc.     691,852        39,650
*,1 Freshworks Inc. Class A   2,963,225        38,966
*,1 C3.ai Inc. Class A   2,128,091        38,859
Methode Electronics Inc.   1,044,914        38,704
* Cohu Inc.   1,372,448        38,085
* Ultra Clean Holdings Inc.   1,277,702        38,037
* Fastly Inc. Class A   3,197,776        37,126
* Ping Identity Holding Corp.   2,001,695        36,311
* 3D Systems Corp.   3,640,600        35,314
*,1 Asana Inc. Class A   1,999,297        35,148
* Qualtrics International Inc. Class A   2,803,580        35,073
* Impinj Inc.     596,889        35,019
* KnowBe4 Inc. Class A   2,209,527        34,513
          Shares Market
Value

($000)
* TTM Technologies Inc.   2,685,890        33,574
*,1 Paycor HCM Inc.   1,288,899        33,511
* Photronics Inc.   1,719,468        33,495
* Magnite Inc.   3,673,828        32,624
*,1 Braze Inc. Class A     899,891        32,603
* Everbridge Inc.   1,160,682        32,371
* Duck Creek Technologies Inc.   2,171,999        32,254
*,1 Thoughtworks Holding Inc.   2,277,553        32,136
* PROS Holdings Inc.   1,222,366        32,063
* Zuora Inc. Class A   3,565,636        31,912
* Momentive Global Inc.   3,544,786        31,194
*,1 Squarespace Inc. Class A   1,479,555        30,952
CTS Corp.     893,653        30,429
* LivePerson Inc.   2,080,365        29,416
*,1 PAR Technology Corp.     768,043        28,794
*,1 Xometry Inc. Class A     846,590        28,725
* Veeco Instruments Inc.   1,438,679        27,910
* Cerence Inc.   1,099,198        27,733
* Agilysys Inc.     584,756        27,641
A10 Networks Inc.   1,890,715        27,188
* Model N Inc.   1,025,934        26,243
* BigCommerce Holdings Inc.   1,598,218        25,891
* Avid Technology Inc.     989,439        25,676
*,1 Olo Inc. Class A   2,543,987        25,109
*,1 Matterport Inc.   6,631,980        24,273
* Eventbrite Inc. Class A   2,359,900        24,236
* NeoPhotonics Corp.   1,510,454        23,759
* Domo Inc. Class B     851,505        23,672
* Vimeo Inc.   3,899,740        23,476
Simulations Plus Inc.     475,505        23,457
* SMART Global Holdings Inc.   1,409,472        23,073
* Consensus Cloud Solutions Inc.     527,795        23,054
*,1 Sprinklr Inc. Class A   2,253,792        22,786
* Unisys Corp.   1,893,140        22,774
* ScanSource Inc.     729,003        22,701
Benchmark Electronics Inc.     998,405        22,524
* Ichor Holdings Ltd.     841,111        21,852
* Informatica Inc. Class A   1,044,700        21,698
* CEVA Inc.     645,444        21,661
* Grid Dynamics Holdings Inc.   1,284,205        21,600
* Sumo Logic Inc.   2,880,824        21,577
* Alpha & Omega Semiconductor Ltd.     643,290        21,447
 
55

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* ACM Research Inc. Class A   1,180,335        19,865
*,1 Definitive Healthcare Corp. Class A     862,655        19,781
* PDF Solutions Inc.     917,193        19,729
* PubMatic Inc. Class A   1,239,766        19,700
*,1 MicroVision Inc.   4,946,023        18,993
*,1 Amplitude Inc. Class A   1,320,075        18,864
*,1 IonQ Inc.   4,077,322        17,859
* N-able Inc.   1,847,475        16,627
* Yext Inc.   3,472,823        16,600
*,1 AvePoint Inc.   3,738,637        16,226
*,1 Expensify Inc. Class A     900,782        16,025
*,1 Zeta Global Holdings Corp. Class A   3,465,672        15,665
PC Connection Inc.     342,772        15,099
Hackett Group Inc.     781,605        14,827
*,1 ForgeRock Inc. Class A     690,411        14,789
* Alkami Technology Inc.   1,064,651        14,788
*,1 HashiCorp Inc. Class A     497,000        14,632
American Software Inc. Class A     896,586        14,489
* Kimball Electronics Inc.     681,124        13,691
*,1 Rackspace Technology Inc.   1,858,887        13,328
*,1 SmartRent Inc. Class A   2,873,494        12,988
* nLight Inc.   1,254,482        12,821
*,1 Samsara Inc. Class A   1,133,300        12,659
*,1 UserTesting Inc.   2,520,465        12,653
* OneSpan Inc.   1,054,580        12,550
SolarWinds Corp.   1,220,652        12,512
* ChannelAdvisor Corp.     852,833        12,434
1 Ebix Inc.     733,193        12,391
*,1 Blend Labs Inc. Class A   5,185,785        12,238
*,1 Cyxtera Technologies Inc.   1,051,306        11,922
*,1 indie Semiconductor Inc. Class A   2,059,378        11,738
*,1 Couchbase Inc.     712,816        11,704
* Mitek Systems Inc.   1,254,254        11,589
*,1 Tucows Inc. Class A     259,269        11,540
*,1 EngageSmart Inc.     717,478        11,537
* Upland Software Inc.     781,656        11,350
* Bandwidth Inc. Class A     600,402        11,300
* Telos Corp.   1,372,473        11,090
          Shares Market
Value

($000)
*,1 Aeva Technologies Inc.   3,506,640        10,976
*,1 SEMrush Holdings Inc. Class A     822,251        10,632
* ON24 Inc.   1,069,030        10,145
* Vertex Inc. Class A     882,712        10,001
*,1 Nextdoor Holdings Inc.   2,923,476         9,677
* GTY Technology Holdings Inc.   1,455,833         9,114
* Edgio Inc.   3,619,157         8,360
* Rimini Street Inc.   1,358,208         8,163
*,1 EverCommerce Inc.     865,323         7,823
*,1 MeridianLink Inc.     461,628         7,709
*,3 Asure Software Inc.   1,298,125         7,399
*,1 Credo Technology Group Holding Ltd.     623,000         7,277
* CyberOptics Corp.     206,767         7,224
* Brightcove Inc.   1,108,617         7,006
* Benefitfocus Inc.     896,728         6,977
* Identiv Inc.     599,960         6,948
* TrueCar Inc.   2,670,121         6,916
NVE Corp.     145,801         6,797
* AXT Inc.   1,158,144         6,787
*,1 WM Technology Inc.   2,029,022         6,675
* Intapp Inc.     453,545         6,640
* MediaAlpha Inc. Class A     664,368         6,544
*,1 Digimarc Corp.     459,882         6,503
*,1 Groupon Inc.     574,821         6,495
* eGain Corp.     657,552         6,411
*,1 NerdWallet Inc. Class A     778,876         6,176
*,1 Porch Group Inc.   2,387,382         6,112
*,1 Atomera Inc.     650,154         6,098
*,1 Veritone Inc.     912,209         5,957
*,1 Ouster Inc.   3,370,627         5,460
*,1 Red Violet Inc.     279,113         5,314
1 Vivid Seats Inc. Class A     705,200         5,268
* Avaya Holdings Corp.   2,336,076         5,233
* Computer Task Group Inc.     609,679         5,219
* Immersion Corp.     963,156         5,143
* Aehr Test Systems     682,904         5,122
* Diebold Nixdorf Inc.   2,208,183         5,013
*,1 Vroom Inc.   3,812,440         4,766
* comScore Inc.   2,294,162         4,726
* Planet Labs PBC   1,069,100         4,629
* EverQuote Inc. Class A     518,854         4,587
Richardson Electronics Ltd.     309,653         4,540
*,1 Skillz Inc. Class A   3,538,218         4,387
*,1 Cleanspark Inc.   1,104,591         4,330
 
56

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Innodata Inc.     846,031         4,095
*,1 Enfusion Inc. Class A     394,747         4,030
*,1 CoreCard Corp.     163,539         3,992
*,1 NextNav Inc.   1,714,500         3,892
* Daktronics Inc.   1,236,889         3,723
*,1 Smith Micro Software Inc.   1,434,565         3,543
*,1 Beachbody Co. Inc.   2,768,838         3,323
* Intevac Inc.     685,231         3,317
*,1 IronNet Inc.   1,497,547         3,310
*,1 Alpine 4 Holdings Inc.   4,393,029         3,117
*,1 1stdibs.com Inc.     541,124         3,079
*,1 Transphorm Inc.     793,700         3,024
*,1 Phunware Inc.   2,796,147         3,020
* EMCORE Corp.     959,683         2,946
*,1 KULR Technology Group Inc.   1,895,666         2,938
* Quantum Corp.   2,068,619         2,937
* AstroNova Inc.     243,410         2,916
* SecureWorks Corp. Class A     263,152         2,858
* QuickLogic Corp.     317,339         2,691
* Everspin Technologies Inc.     503,798         2,640
* Pixelworks Inc.   1,380,829         2,637
* Weave Communications Inc.     862,644         2,622
*,1 Kopin Corp.   2,313,242         2,591
*,1 VirnetX Holding Corp.   2,158,195         2,525
*,1 Arteris Inc.     330,165         2,301
* Issuer Direct Corp.      88,197         2,246
*,1 Park City Group Inc.     502,970         2,213
*,1 KORE Group Holdings Inc.     719,616         2,209
* Loyalty Ventures Inc.     590,671         2,109
* Terawulf Inc.   1,732,783         2,079
* inTEST Corp.     301,891         2,059
* Amtech Systems Inc.     268,244         1,958
* Viant Technology Inc. Class A     358,428         1,821
*,1 Backblaze Inc. Class A     343,197         1,795
*,1 SkyWater Technology Inc.     296,973         1,788
* Mastech Digital Inc.     119,793         1,780
* Steel Connect Inc.   1,313,081         1,760
* Synchronoss Technologies Inc.   1,517,620         1,745
*,1 Cipher Mining Inc.   1,253,825         1,718
*,1 Verb Technology Co. Inc.   3,198,586         1,669
* GSI Technology Inc.     460,392         1,588
*,1 Exela Technologies Inc.  12,439,896         1,423
          Shares Market
Value

($000)
* Research Frontiers Inc.     799,655         1,391
*,1 Quantum Computing Inc.     576,947         1,373
*,1 Nuvve Holding Corp.     290,743         1,361
* One Stop Systems Inc.     325,113         1,281
* Inuvo Inc.   2,536,959         1,256
*,1 eMagin Corp.   1,850,738         1,203
* Key Tronic Corp.     270,500         1,193
* LiveVox Holdings Inc.     717,689         1,191
* CSP Inc.     129,793         1,181
* Zedge Inc. Class B     407,694         1,174
*,1 BuzzFeed Inc.     740,107         1,140
* Streamline Health Solutions Inc.     895,999         1,138
* Aware Inc.     478,176         1,138
*,1 Ipsidy Inc.     569,849         1,106
* Intellicheck Inc.     522,431         1,055
*,1 Boxlight Corp. Class A   1,524,589         1,037
* NetSol Technologies Inc.     324,880         1,035
*,1 Intrusion Inc.     257,983         1,009
* TransAct Technologies Inc.     247,478         1,000
* AudioEye Inc.     162,397           976
*,1 NextPlay Technologies Inc.   2,778,238           971
* OMNIQ Corp.     175,600           966
*,1 Soluna Holdings Inc.     227,288           925
*,1 Remark Holdings Inc.   1,733,422           764
*,1 Greenidge Generation Holdings Inc.     294,977           749
* Peraso Inc.     368,905           708
*,1 SeaChange International Inc.   1,152,825           696
* SigmaTron International Inc.      98,274           694
* GSE Systems Inc.     541,861           677
*,1 Flux Power Holdings Inc.     280,974           674
* Rubicon Technology Inc.      72,664           668
*,1 Inpixon   3,857,401           656
* CVD Equipment Corp.     165,470           654
*,1 DecisionPoint Systems Inc.     160,700           643
* Crown ElectroKinetics Corp.     638,989           582
* Data I/O Corp.     180,859           555
* WidePoint Corp.     231,461           553
* CYNGN Inc.     479,651           552
 
57

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
* Super League Gaming Inc.     487,161           497
*,1 Glimpse Group Inc.     118,109           470
* Trio-Tech International     104,880           454
* RealNetworks Inc.     675,168           426
*,1 Creatd Inc.     554,557           410
*,1 Waitr Holdings Inc.   2,622,672           400
* BSQUARE Corp.     304,286           383
* BTCS Inc.     249,293           371
* Qumu Corp.     450,282           362
*,1 iPower Inc.     309,711           328
* Duos Technologies Group Inc.      73,218           280
* PetVivo Holdings Inc.     173,200           274
SilverSun Technologies Inc.      99,500           270
* Bridgeline Digital Inc.     200,736           241
*,1 LogicMark Inc.     195,563           213
* Alfi Inc.     181,838           211
* Kubient Inc.     318,146           210
*,1 American Virtual Cloud Technologies Inc.     775,634           194
* CynergisTek Inc.     158,445           190
*,1 VerifyMe Inc.      84,041           165
* WiSA Technologies Inc.     242,859           151
* Recruiter.com Group Inc.     147,281           150
*,1 Akerna Corp.     510,481            71
* Nortech Systems Inc.       5,000            70
* Sigma Labs Inc.      54,433            70
* Creative Realities Inc.     104,180            64
*,1 Data Storage Corp.      24,445            60
*,1 Paltalk Inc.      28,954            58
* T Stamp Inc. Class A      17,276            29
* WaveDancer Inc.      17,693            24
* Oblong Inc.      52,533            16
*,2 Ikonics Corp. CVR       7,226            —
                      284,440,686
Telecommunications (2.6%)
Verizon Communications Inc. 117,617,766     5,969,102
Comcast Corp. Class A 131,799,828     5,171,825
Cisco Systems Inc. 109,879,078     4,685,244
AT&T Inc. 211,099,158     4,424,638
* T-Mobile US Inc.  18,485,029     2,486,976
* Charter Communications Inc. Class A   2,369,708     1,110,279
Motorola Solutions Inc.   4,934,251     1,034,219
* Arista Networks Inc.   6,823,906       639,673
          Shares Market
Value

($000)
* Liberty Broadband Corp. Class C   3,946,794       456,407
1 Lumen Technologies Inc.  30,444,125       332,145
* Roku Inc.   3,536,578       290,495
Juniper Networks Inc.   9,527,644       271,538
Cable One Inc.     176,693       227,814
* Ciena Corp.   4,494,820       205,413
* Frontier Communications Parent Inc.   7,230,835       170,214
* Lumentum Holdings Inc.   1,930,374       153,310
* Vonage Holdings Corp.   7,567,071       142,564
* DISH Network Corp. Class A   7,291,230       130,732
* Iridium Communications Inc.   3,395,705       127,543
* Viavi Solutions Inc.   6,725,172        88,974
Cogent Communications Holdings Inc.   1,278,665        77,692
* Viasat Inc.   2,092,274        64,086
* Altice USA Inc. Class A   6,376,883        58,986
InterDigital Inc.     909,582        55,303
* Calix Inc.   1,619,341        55,284
* Liberty Broadband Corp. Class A     475,097        53,947
* Plantronics Inc.   1,205,506        47,834
Telephone & Data Systems Inc.   3,016,385        47,629
* CommScope Holding Co. Inc.   5,797,855        35,483
* Extreme Networks Inc.   3,895,244        34,746
Shenandoah Telecommunications Co.   1,394,945        30,968
* Gogo Inc.   1,882,354        30,475
* Infinera Corp.   5,371,267        28,790
* WideOpenWest Inc.   1,564,045        28,481
* Harmonic Inc.   3,069,536        26,613
*,1 Globalstar Inc.  21,149,983        26,014
ADTRAN Inc.   1,358,765        23,819
* Digi International Inc.     978,389        23,697
*,1 Lightwave Logic Inc.   3,281,171        21,459
* Clearfield Inc.     341,492        21,155
* EchoStar Corp. Class A   1,045,724        20,182
* 8x8 Inc.   3,351,019        17,258
* IDT Corp. Class B     616,660        15,509
* Consolidated Communications Holdings Inc.   2,207,355        15,451
 
58

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
ATN International Inc.     324,753        15,234
* NETGEAR Inc.     801,807        14,849
* Anterix Inc.     357,668        14,689
*,1 Charge Enterprises Inc.   2,837,200        13,533
* United States Cellular Corp.     461,155        13,355
*,1 fuboTV Inc.   4,912,100        12,133
* DZS Inc.     527,247         8,578
* Ooma Inc.     658,499         7,797
*,1 AST SpaceMobile Inc.   1,224,952         7,693
* Aviat Networks Inc.     301,106         7,540
* Ribbon Communications Inc.   2,219,851         6,748
Comtech Telecommunications Corp.     719,972         6,530
*,1 Akoustis Technologies Inc.   1,586,053         5,868
Bel Fuse Inc. Class B     356,153         5,542
*,1 Inseego Corp.   2,870,125         5,425
* Cambium Networks Corp.     315,800         4,626
* CalAmp Corp.   1,045,712         4,361
* Lantronix Inc.     761,168         4,095
* Hemisphere Media Group Inc. Class A     525,973         4,013
* KVH Industries Inc.     433,378         3,770
*,1 Casa Systems Inc.     911,548         3,582
* Genasys Inc.   1,017,703         3,308
Spok Holdings Inc.     464,693         2,928
*,1 Kaltura Inc.   1,323,947         2,635
* Airgain Inc.     309,957         2,517
* Powerfleet Inc.     970,791         2,107
* PCTEL Inc.     460,492         1,883
*,1 SurgePays Inc.     290,433         1,403
*,1 Applied Optoelectronics Inc.     856,472         1,328
Network-1 Technologies Inc.     509,201         1,222
*,1 Airspan Networks Holdings Inc.     376,375         1,125
Crexendo Inc.     356,406         1,105
* TESSCO Technologies Inc.     134,755           796
* Franklin Wireless Corp.     244,162           789
*,1 Vislink Technologies Inc.   1,128,955           672
* Minim Inc.     833,030           335
* Optical Cable Corp.      92,325           333
*,1 ComSovereign Holding Corp.   1,192,821           202
*,1,2 FTE Networks Inc.      84,180           126
* ClearOne Inc.     231,050           125
          Shares Market
Value

($000)
Bel Fuse Inc. Class A       2,976            65
* ADDvantage Technologies Group Inc.      47,738            60
                       29,174,991
Utilities (3.4%)
NextEra Energy Inc.  57,926,337     4,486,974
Duke Energy Corp.  22,688,095     2,432,391
Southern Co.  31,315,842     2,233,133
Dominion Energy Inc.  23,897,699     1,907,275
Waste Management Inc.  12,239,186     1,872,351
American Electric Power Co. Inc.  15,128,607     1,451,439
Sempra Energy   9,266,337     1,392,452
Exelon Corp.  28,887,099     1,309,163
Xcel Energy Inc.  16,047,613     1,135,529
Consolidated Edison Inc.  10,448,459       993,648
Waste Connections Inc.   7,582,298       939,902
WEC Energy Group Inc.   9,306,968       936,653
Public Service Enterprise Group Inc.  14,721,811       931,596
Eversource Energy  10,176,391       859,600
American Water Works Co. Inc.   5,358,671       797,209
Republic Services Inc.   6,054,313       792,328
Edison International  11,245,143       711,143
Ameren Corp.   7,592,254       686,036
Entergy Corp.   6,000,441       675,890
* PG&E Corp.  61,832,922       617,093
DTE Energy Co.   4,851,335       614,907
FirstEnergy Corp.  15,991,195       613,902
PPL Corp.  21,692,095       588,506
CMS Energy Corp.   8,556,231       577,546
Constellation Energy Corp.   9,640,508       552,015
CenterPoint Energy Inc.  18,543,716       548,523
Atmos Energy Corp.   4,092,308       458,748
Evergy Inc.   6,764,100       441,357
Alliant Energy Corp.   7,396,253       433,494
AES Corp.  19,678,565       413,447
NiSource Inc.  11,943,639       352,218
Essential Utilities Inc.   6,942,305       318,305
Vistra Corp.  12,712,297       290,476
NRG Energy Inc.   7,002,553       267,287
Pinnacle West Capital Corp.   3,331,875       243,627
UGI Corp.   6,183,279       238,736
OGE Energy Corp.   5,892,107       227,200
National Fuel Gas Co.   2,693,626       177,914
 
59

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Southwest Gas Holdings Inc.   1,854,706       161,508
IDACORP Inc.   1,493,645       158,207
Black Hills Corp.   1,912,240       139,154
* Sunrun Inc.   5,873,614       137,208
* Clean Harbors Inc.   1,527,357       133,903
ONE Gas Inc.   1,605,222       130,328
Portland General Electric Co.   2,636,314       127,413
New Jersey Resources Corp.   2,851,159       126,962
Hawaiian Electric Industries Inc.   3,074,299       125,739
South Jersey Industries Inc.   3,591,172       122,603
PNM Resources Inc.   2,530,719       120,918
* Stericycle Inc.   2,716,285       119,109
* Evoqua Water Technologies Corp.   3,584,172       116,521
* Casella Waste Systems Inc. Class A   1,500,082       109,026
Spire Inc.   1,465,979       109,025
Avangrid Inc.   2,298,976       106,029
Ormat Technologies Inc.   1,327,809       104,034
ALLETE Inc.   1,669,162        98,113
NorthWestern Corp.   1,596,999        94,111
Avista Corp.   2,155,242        93,775
American States Water Co.   1,093,704        89,148
California Water Service Group   1,590,576        88,356
MGE Energy Inc.   1,072,748        83,492
Clearway Energy Inc. Class C   2,242,438        78,126
Chesapeake Utilities Corp.     499,325        64,688
Northwest Natural Holding Co.   1,018,076        54,060
* Sunnova Energy International Inc.   2,879,577        53,071
SJW Group     821,143        51,247
Middlesex Water Co.     518,397        45,453
Clearway Energy Inc. Class A   1,214,668        38,833
* Archaea Energy Inc. Class A   2,359,886        36,649
Unitil Corp.     473,910        27,828
York Water Co.     411,498        16,637
* Harsco Corp.   2,321,258        16,504
*,1 Vertex Energy Inc.   1,424,451        14,985
* Heritage-Crystal Clean Inc.     487,014        13,130
Artesian Resources Corp. Class A     240,799        11,840
          Shares Market
Value

($000)
*,1 Excelerate Energy Inc. Class A     539,249        10,742
Aris Water Solution Inc. Class A     616,458        10,282
Genie Energy Ltd. Class B     641,703         5,878
* Pure Cycle Corp.     550,701         5,804
Global Water Resources Inc.     433,686         5,729
RGC Resources Inc.     275,510         5,254
*,1 Altus Power Inc.     696,600         4,396
*,1 NuScale Power Corp.     434,600         4,342
Via Renewables Inc. Class A     335,374         2,569
* Advanced Emissions Solutions Inc.     447,249         2,098
* Perma-Fix Environmental Services Inc.     325,244         1,688
*,1 Charah Solutions Inc.     431,762         1,615
* Quest Resource Holding Corp.     392,752         1,606
* Sharps Compliance Corp.     524,500         1,531
*,1 Aqua Metals Inc.   1,584,330         1,283
*,1 Stronghold Digital Mining Inc. Class A     597,997           993
*,1 Cadiz Inc.     298,465           695
                       37,804,251
Total Common Stocks
(Cost $611,548,648)
1,102,913,104
Preferred Stocks (0.0%)
1,4 Meta Materials Inc. Pfd., 0.000%   3,435,816         5,308
Air T Funding Pfd., 8.000%, 6/7/24       1,727            37
Total Preferred Stocks
(Cost $36)
5,345
 
60

 

Table of Contents
Total Stock Market Index Fund
          Shares Market
Value

($000)
Temporary Cash Investments (1.1%)
Money Market Fund (1.1%)
5,6 Vanguard Market Liquidity Fund, 1.417%
(Cost $12,109,820)
121,130,856              12,109,452
Total Investments (100.4%)
(Cost $623,658,504)
  1,115,027,901
Other Assets and Liabilities—Net (-0.4%)   (4,681,518)
Net Assets (100%)   1,110,346,383
Cost is in $000.
See Note A in Notes to Financial Statements.
* Non-income-producing security.
1 Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $4,548,138,000.
2 Security value determined using significant unobservable inputs.
3 Considered an affiliated company of the fund as the fund owns more than 5% of the outstanding voting securities of such company.
4 Perpetual security with no stated maturity date.
5 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
6 Collateral of $5,110,848,000 was received for securities on loan.
  CVR—Contingent Value Rights.
  REIT—Real Estate Investment Trust.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts
      ($000)
  Expiration Number of
Long (Short)
Contracts
Notional
Amount
Value and
Unrealized
Appreciation
(Depreciation)
Long Futures Contracts
E-mini Russell 2000 Index September 2022 3,874 330,840 (17,998)
E-mini S&P 500 Index September 2022 35,175 6,664,783 (71,448)
E-mini S&P Mid-Cap 400 Index September 2022 240 54,432 (3,148)
        (92,594)
    
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Table of Contents
Total Stock Market Index Fund
Over-the-Counter Total Return Swaps
Reference Entity Termination
Date
Counterparty Notional
Amount
($000)
Floating
Interest
Rate
Received
(Paid)1
(%)
Value and
Unrealized
Appreciation
($000)
Value and
Unrealized
(Depreciation)
($000)
ACI Worldwide Inc. 8/31/22 BANA 1,998 (1.643) (59)
DXC Technology Co. 8/31/22 BANA 6,136 (1.967) (77)
Goldman Sachs Group Inc. 8/31/23 BANA 142,180 (1.822) (12,305)
Popular Inc. 8/31/22 BANA 17,976 (1.634) (965)
Signature Bank 8/31/23 BANA 64,881 (1.942) (11,216)
State Street Corp. 8/31/23 BANA 186,662 (1.803) (26,706)
VICI Properties Inc. 8/31/22 BANA 36,020 (2.127) 1,648
VICI Properties Inc. 8/31/22 BANA 104,510 (2.119) 966
Visa Inc. Class A 8/31/22 BANA 47,738 (1.136) (3,394)
          2,614 (54,722)
1 Based on USD Overnight Bank Funding Rate as of the most recent payment date. Floating interest payment received/paid monthly.
  BANA—Bank of America, N.A.
See accompanying Notes, which are an integral part of the Financial Statements.
62

 

Table of Contents
Total Stock Market Index Fund
Statement of Assets and Liabilities
As of June 30, 2022
($000s, except shares and per-share amounts) Amount
Assets  
Investments in Securities, at Value1  
Unaffiliated Issuers (Cost $611,539,860) 1,102,911,050
Affiliated Issuers (Cost $12,118,644) 12,116,851
Total Investments in Securities 1,115,027,901
Investment in Vanguard 43,355
Cash Collateral Pledged—Futures Contracts 393,890
Cash Collateral Pledged—Over-the-Counter Swap Contracts 47,620
Receivables for Investment Securities Sold 437,544
Receivables for Accrued Income 899,614
Receivables for Capital Shares Issued 1,645,241
Unrealized Appreciation—Over-the-Counter Swap Contracts 2,614
Total Assets 1,118,497,779
Liabilities  
Due to Custodian 377,038
Payables for Investment Securities Purchased 1,837,096
Collateral for Securities on Loan 5,110,848
Payables for Capital Shares Redeemed 699,365
Payables for Distributions 1
Payables to Vanguard 13,357
Variation Margin Payable—Futures Contracts 58,969
Unrealized Depreciation—Over-the-Counter Swap Contracts 54,722
Total Liabilities 8,151,396
Net Assets 1,110,346,383
1 Includes $4,548,138 of securities on loan.  
63

 

Table of Contents
Total Stock Market Index Fund
Statement of Assets and Liabilities (continued)


At June 30, 2022, net assets consisted of:

($000s, except shares and per-share amounts) Amount
Paid-in Capital 633,164,131
Total Distributable Earnings (Loss) 477,182,252
Net Assets 1,110,346,383
 
Investor Shares—Net Assets  
Applicable to 201,413,512 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
18,480,197
Net Asset Value Per Share—Investor Shares $91.75
 
ETF Shares—Net Assets  
Applicable to 1,297,014,705 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
244,501,034
Net Asset Value Per Share—ETF Shares $188.51
 
Admiral Shares—Net Assets  
Applicable to 2,935,965,724 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
269,421,480
Net Asset Value Per Share—Admiral Shares $91.77
 
Institutional Shares—Net Assets  
Applicable to 714,483,641 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
65,575,204
Net Asset Value Per Share—Institutional Shares $91.78
 
Institutional Plus Shares—Net Assets  
Applicable to 2,734,702,386 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
470,696,509
Net Asset Value Per Share—Institutional Plus Shares $172.12
 
Institutional Select Shares—Net Assets  
Applicable to 230,732,788 outstanding $.001 par value shares of
beneficial interest (unlimited authorization)
41,671,959
Net Asset Value Per Share—Institutional Select Shares $180.61
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Statement of Operations
  Six Months Ended
June 30, 2022
  ($000)
Investment Income  
Income  
Dividends—Unaffiliated Issuers1 8,697,624
Dividends—Affiliated Issuers
Interest—Unaffiliated Issuers 10
Interest—Affiliated Issuers 14,038
Securities Lending—Net 89,234
Total Income 8,800,906
Expenses  
The Vanguard Group—Note B  
Investment Advisory Services 8,820
Management and Administrative—Investor Shares 27,612
Management and Administrative—ETF Shares 34,640
Management and Administrative—Admiral Shares 53,645
Management and Administrative—Institutional Shares 12,233
Management and Administrative—Institutional Plus Shares 34,292
Management and Administrative—Institutional Select Shares 1,857
Marketing and Distribution—Investor Shares 1,508
Marketing and Distribution—ETF Shares 3,641
Marketing and Distribution—Admiral Shares 5,100
Marketing and Distribution—Institutional Shares 1,968
Marketing and Distribution—Institutional Plus Shares 5,958
Marketing and Distribution—Institutional Select Shares 291
Custodian Fees 1,168
Shareholders’ Reports—Investor Shares 480
Shareholders’ Reports—ETF Shares 1,192
Shareholders’ Reports—Admiral Shares 535
Shareholders’ Reports—Institutional Shares 1,189
Shareholders’ Reports—Institutional Plus Shares 848
Shareholders’ Reports—Institutional Select Shares
Trustees’ Fees and Expenses 317
Other Expenses 68
Total Expenses 197,362
Expenses Paid Indirectly (25)
Net Expenses 197,337
Net Investment Income 8,603,569
Realized Net Gain (Loss)  
Investment Securities Sold—Unaffiliated Issuers2 (397,037)
Investment Securities Sold—Affiliated Issuers (1,799)
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Total Stock Market Index Fund
Statement of Operations (continued)
  Six Months Ended
June 30, 2022
  ($000)
Futures Contracts (1,043,990)
Swap Contracts (59,169)
Realized Net Gain (Loss) (1,501,995)
Change in Unrealized Appreciation (Depreciation)  
Investment Securities—Unaffiliated Issuers (303,366,470)
Investment Securities—Affiliated Issuers (2,655)
Futures Contracts (193,642)
Swap Contracts (88,006)
Change in Unrealized Appreciation (Depreciation) (303,650,773)
Net Increase (Decrease) in Net Assets Resulting from Operations (296,549,199)
1 Dividends are net of foreign withholding taxes of $644,000.
2 Includes $9,842,360,000 of net gain (loss) resulting from in-kind redemptions.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Statement of Changes in Net Assets
  Six Months Ended
June 30,
2022
  Year Ended
December 31,
2021
  ($000)   ($000)
Increase (Decrease) in Net Assets      
Operations      
Net Investment Income 8,603,569   16,173,398
Realized Net Gain (Loss) (1,501,995)   25,405,131
Change in Unrealized Appreciation (Depreciation) (303,650,773)   238,495,999
Net Increase (Decrease) in Net Assets Resulting from Operations (296,549,199)   280,074,528
Distributions      
Investor Shares (129,235)   (1,676,741)
ETF Shares (1,870,034)   (3,403,927)
Admiral Shares (2,058,027)   (4,103,816)
Institutional Shares (508,333)   (2,969,898)
Institutional Plus Shares (3,584,115)   (3,559,330)
Institutional Select Shares (323,852)   (647,913)
Total Distributions (8,473,596)   (16,361,625)
Capital Share Transactions      
Investor Shares (103,928,345)   (51,574,306)
ETF Shares 12,527,436   44,386,309
Admiral Shares 2,971,393   1,876,942
Institutional Shares (155,519,309)   22,144,976
Institutional Plus Shares 285,505,129   14,016,596
Institutional Select Shares 400,022   (1,862,868)
Net Increase (Decrease) from Capital Share Transactions 41,956,326   28,987,649
Total Increase (Decrease) (263,066,469)   292,700,552
Net Assets      
Beginning of Period 1,373,412,852   1,080,712,300
End of Period 1,110,346,383   1,373,412,852
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
Investor Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $117.53 $94.71 $79.66 $62.08 $66.70 $56.06
Investment Operations            
Net Investment Income1 .613 1.284 1.284 1.279 1.275 1.086
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (25.748) 22.837 15.026 17.634 (4.703) 10.630
Total from Investment Operations (25.135) 24.121 16.310 18.913 (3.428) 11.716
Distributions            
Dividends from Net Investment Income (.645) (1.301) (1.260) (1.333) (1.192) (1.076)
Distributions from Realized Capital Gains
Total Distributions (.645) (1.301) (1.260) (1.333) (1.192) (1.076)
Net Asset Value, End of Period $91.75 $117.53 $94.71 $79.66 $62.08 $66.70
Total Return3 -21.43% 25.59% 20.87% 30.65% -5.26% 21.05%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $18,480 $133,977 $153,845 $139,686 $121,266 $126,766
Ratio of Total Expenses to Average Net Assets 0.14%4 0.14% 0.14% 0.14% 0.14% 0.14%
Ratio of Net Investment Income to Average Net Assets 1.17% 1.20% 1.62% 1.78% 1.86% 1.77%
Portfolio Turnover Rate5 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
4 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.14%.
5 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
ETF Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $241.49 $194.61 $163.70 $127.56 $137.06 $115.21
Investment Operations            
Net Investment Income1 1.490 2.912 2.831 2.809 2.781 2.361
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (53.013) 46.898 30.848 36.236 (9.676) 21.832
Total from Investment Operations (51.523) 49.810 33.679 39.045 (6.895) 24.193
Distributions            
Dividends from Net Investment Income (1.457) (2.930) (2.769) (2.905) (2.605) (2.343)
Distributions from Realized Capital Gains
Total Distributions (1.457) (2.930) (2.769) (2.905) (2.605) (2.343)
Net Asset Value, End of Period $188.51 $241.49 $194.61 $163.70 $127.56 $137.06
Total Return -21.38% 25.72% 20.95% 30.80% -5.13% 21.16%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $244,501 $299,088 $202,075 $138,067 $94,809 $91,862
Ratio of Total Expenses to Average Net Assets 0.03%3 0.03% 0.03% 0.03% 0.03% 0.04%
Ratio of Net Investment Income to Average Net Assets 1.43% 1.31% 1.73% 1.89% 1.97% 1.87%
Portfolio Turnover Rate4 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.03%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
Admiral Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $117.56 $94.74 $79.69 $62.09 $66.72 $56.08
Investment Operations            
Net Investment Income1 .720 1.402 1.364 1.360 1.344 1.148
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (25.806) 22.833 15.025 17.646 (4.711) 10.633
Total from Investment Operations (25.086) 24.235 16.389 19.006 (3.367) 11.781
Distributions            
Dividends from Net Investment Income (.704) (1.415) (1.339) (1.406) (1.263) (1.141)
Distributions from Realized Capital Gains
Total Distributions (.704) (1.415) (1.339) (1.406) (1.263) (1.141)
Net Asset Value, End of Period $91.77 $117.56 $94.74 $79.69 $62.09 $66.72
Total Return3 -21.38% 25.71% 20.99% 30.80% -5.17% 21.17%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $269,421 $341,733 $273,622 $252,536 $185,102 $190,099
Ratio of Total Expenses to Average Net Assets 0.04%4 0.04% 0.04% 0.04% 0.04% 0.04%
Ratio of Net Investment Income to Average Net Assets 1.41% 1.30% 1.72% 1.88% 1.96% 1.87%
Portfolio Turnover Rate5 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees.
4 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%.
5 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
Institutional Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $117.58 $94.75 $79.70 $62.10 $66.73 $56.09
Investment Operations            
Net Investment Income1 .692 1.416 1.374 1.365 1.354 1.153
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (25.782) 22.841 15.024 17.649 (4.715) 10.630
Total from Investment Operations (25.090) 24.257 16.398 19.014 (3.361) 11.783
Distributions            
Dividends from Net Investment Income (.710) (1.427) (1.348) (1.414) (1.269) (1.143)
Distributions from Realized Capital Gains
Total Distributions (.710) (1.427) (1.348) (1.414) (1.269) (1.143)
Net Asset Value, End of Period $91.78 $117.58 $94.75 $79.70 $62.10 $66.73
Total Return -21.39% 25.73% 21.00% 30.81% -5.16% 21.17%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $65,575 $249,282 $180,586 $152,716 $115,115 $113,557
Ratio of Total Expenses to Average Net Assets 0.03%3 0.03% 0.03% 0.03% 0.03% 0.035%
Ratio of Net Investment Income to Average Net Assets 1.33% 1.31% 1.73% 1.89% 1.97% 1.87%
Portfolio Turnover Rate4 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.03%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
Institutional Plus Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $220.49 $177.69 $149.47 $116.46 $125.14 $105.18
Investment Operations            
Net Investment Income1 1.396 2.672 2.591 2.575 2.555 2.182
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (48.428) 42.823 28.172 33.100 (8.842) 19.938
Total from Investment Operations (47.032) 45.495 30.763 35.675 (6.287) 22.120
Distributions            
Dividends from Net Investment Income (1.338) (2.695) (2.543) (2.665) (2.393) (2.160)
Distributions from Realized Capital Gains
Total Distributions (1.338) (2.695) (2.543) (2.665) (2.393) (2.160)
Net Asset Value, End of Period $172.12 $220.49 $177.69 $149.47 $116.46 $125.14
Total Return -21.38% 25.74% 21.02% 30.82% -5.15% 21.19%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $470,697 $296,554 $226,288 $188,188 $135,641 $126,130
Ratio of Total Expenses to Average Net Assets 0.02%3 0.02% 0.02% 0.02% 0.02% 0.02%
Ratio of Net Investment Income to Average Net Assets 1.47% 1.32% 1.74% 1.90% 1.98% 1.89%
Portfolio Turnover Rate4 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.02%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Total Stock Market Index Fund
Financial Highlights
Institutional Select Shares            
For a Share Outstanding
Throughout Each Period
Six Months
Ended
June 30,
2022
Year Ended December 31,
2021 2020 2019 2018 2017
Net Asset Value, Beginning of Period $231.36 $186.45 $156.83 $122.20 $131.31 $110.37
Investment Operations            
Net Investment Income1 1.448 2.821 2.772 2.709 2.704 2.311
Capital Gain Distributions Received1 .0002
Net Realized and Unrealized Gain (Loss) on Investments (50.788) 44.937 29.532 34.731 (9.290) 20.908
Total from Investment Operations (49.340) 47.758 32.304 37.440 (6.586) 23.219
Distributions            
Dividends from Net Investment Income (1.410) (2.848) (2.684) (2.810) (2.524) (2.279)
Distributions from Realized Capital Gains
Total Distributions (1.410) (2.848) (2.684) (2.810) (2.524) (2.279)
Net Asset Value, End of Period $180.61 $231.36 $186.45 $156.83 $122.20 $131.31
Total Return -21.37% 25.75% 21.03% 30.84% -5.14% 21.20%
Ratios/Supplemental Data            
Net Assets, End of Period (Millions) $41,672 $52,780 $44,296 $26,431 $20,262 $14,163
Ratio of Total Expenses to Average Net Assets 0.01%3 0.01% 0.01% 0.01% 0.01% 0.01%
Ratio of Net Investment Income to Average Net Assets 1.45% 1.33% 1.76% 1.91% 1.99% 1.90%
Portfolio Turnover Rate4 2% 4% 8% 4% 3% 3%
The expense ratio and net investment income ratio for the current period have been annualized.
1 Calculated based on average shares outstanding.
2 Distribution was less than $.001 per share.
3 The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.01%.
4 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units.
See accompanying Notes, which are an integral part of the Financial Statements.
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Notes to Financial Statements
Vanguard Total Stock Market Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers six classes of shares: Investor Shares, ETF Shares, Admiral Shares, Institutional Shares, Institutional Plus Shares, and Institutional Select Shares. Each of the share classes has different eligibility and minimum purchase requirements, and is designed for different types of investors. ETF Shares are listed for trading on NYSE Arca; they can be purchased and sold through a broker.
Significant market disruptions, such as those caused by pandemics (e.g., COVID-19 pandemic), natural or environmental disasters, war (e.g., Russia's invasion of Ukraine), acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund's investments and fund performance.
A.  The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund's pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value. Bonds are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services.
2. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. The notional amounts of the contracts are not recorded in the Statement of Assets and Liabilities. Fluctuations in the value of the contracts are recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized gains (losses) on futures contracts.
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During the six months ended June 30, 2022, the fund’s average investments in long and short futures contracts represented less than 1% and 0% of net assets, respectively, based on the average of the notional amounts at each quarter-end during the period.
3. Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks in the fund’s target index. Under the terms of the swaps, the fund receives the total return on the referenced stock (i.e., receiving the increase or paying the decrease in value of the selected reference stock and receiving the equivalent of any dividends in respect of the selected referenced stock) over a specified period of time, applied to a notional amount that represents the value of a designated number of shares of the selected reference stock at the beginning of the equity swap contract. The fund also pays a floating rate that is based on short-term interest rates, applied to the notional amount. At the same time, the fund generally invests an amount approximating the notional amount of the swap in high-quality temporary cash investments.
A risk associated with all types of swaps is the possibility that a counterparty may default on its obligation to pay net amounts due to the fund. The fund’s maximum amount subject to counterparty risk is the unrealized appreciation on the swap contract. The fund mitigates its counterparty risk by entering into swaps only with a diverse group of prequalified counterparties, monitoring their financial strength, entering into master netting arrangements with its counterparties, and requiring its counterparties to transfer collateral as security for their performance. In the absence of a default, the collateral pledged or received by the fund cannot be repledged, resold, or rehypothecated. In the event of a counterparty’s default (including bankruptcy), the fund may terminate any swap contracts with that counterparty, determine the net amount owed by either party in accordance with its master netting arrangements, and sell or retain any collateral held up to the net amount owed to the fund under the master netting arrangements. The swap contracts contain provisions whereby a counterparty may terminate open contracts if the fund's net assets decline below a certain level, triggering a payment by the fund if the fund is in a net liability position at the time of the termination. The payment amount would be reduced by any collateral the fund has pledged. Any securities pledged as collateral for open contracts are noted in the Schedule of Investments. The value of collateral received or pledged is compared daily to the value of the swap contracts exposure with each counterparty, and any difference, if in excess of a specified minimum transfer amount, is adjusted and settled within two business days.
The notional amounts of swap contracts are not recorded in the Statement of Assets and Liabilities. Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded in the Statement of Assets and Liabilities as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.
During the six months ended June 30, 2022, the fund’s average amounts of investments in total return swaps represented less than 1% of net assets, based on the average of notional amounts at each quarter-end during the period.
4. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. The fund’s tax returns are open to examination by the relevant tax authorities until expiration of the applicable statute of limitations, which is
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generally three years after the filing of the tax return. Management has analyzed the fund’s tax positions taken for all open federal and state income tax years, and has concluded that no provision for income tax is required in the fund’s financial statements.
5. Distributions: Distributions to shareholders are recorded on the ex-dividend date. Distributions are determined on a tax basis at the fiscal year-end and may differ from net investment income and realized capital gains for financial reporting purposes.
6. Securities Lending: To earn additional income, the fund lends its securities to qualified institutional borrowers. Security loans are subject to termination by the fund at any time, and are required to be secured at all times by collateral in an amount at least equal to the market value of securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled before the opening of the market on the next business day. The fund further mitigates its counterparty risk by entering into securities lending transactions only with a diverse group of prequalified counterparties, monitoring their financial strength, and entering into master securities lending agreements with its counterparties. The master securities lending agreements provide that, in the event of a counterparty’s default (including bankruptcy), the fund may terminate any loans with that borrower, determine the net amount owed, and sell or retain the collateral up to the net amount owed to the fund; however, such actions may be subject to legal proceedings. While collateral mitigates counterparty risk, in the event of a default, the fund may experience delays and costs in recovering the securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability in the Statement of Assets and Liabilities for the return of the collateral, during the period the securities are on loan. Collateral investments in Vanguard Market Liquidity Fund are subject to market appreciation or depreciation. Securities lending income represents fees charged to borrowers plus income earned on invested cash collateral, less expenses associated with the loan. During the term of the loan, the fund is entitled to all distributions made on or in respect of the loaned securities.
7. Credit Facilities and Interfund Lending Program: The fund and certain other funds managed by The Vanguard Group ("Vanguard") participate in a $4.4 billion committed credit facility provided by a syndicate of lenders pursuant to a credit agreement and an uncommitted credit facility provided by Vanguard. Both facilities may be renewed annually. Each fund is individually liable for its borrowings, if any, under the credit facilities. Borrowings may be utilized for temporary or emergency purposes and are subject to the fund’s regulatory and contractual borrowing restrictions. With respect to the committed credit facility, the participating funds are charged administrative fees and an annual commitment fee of 0.10% of the undrawn committed amount of the facility, which are allocated to the funds based on a method approved by the fund’s board of trustees and included in Management and Administrative expenses on the fund’s Statement of Operations. Any borrowings under either facility bear interest at an agreed-upon spread plus the higher of the federal funds effective rate, the overnight bank funding rate, or the Daily Simple Secured Overnight Financing Rate inclusive of an additional agreed-upon spread. However, borrowings under the uncommitted credit facility may bear interest based upon an alternate rate agreed to by the fund and Vanguard.
In accordance with an exemptive order (the “Order”) from the SEC, the fund may participate in a joint lending and borrowing program that allows registered open-end Vanguard funds to borrow money from and lend money to each other for temporary or emergency purposes (the “Interfund Lending Program”), subject to compliance with the terms and conditions of the Order, and to the extent permitted by the fund’s investment objective and investment policies. Interfund loans and
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borrowings normally extend overnight but can have a maximum duration of seven days. Loans may be called on one business day’s notice. The interest rate to be charged is governed by the conditions of the Order and internal procedures adopted by the board of trustees. The board of trustees is responsible for overseeing the Interfund Lending Program.
For the six months ended June 30, 2022, the fund did not utilize the credit facilities or the Interfund Lending Program.
8. Other: Dividend income is recorded on the ex-dividend date. Non-cash dividends included in income, if any, are recorded at the fair value of the securities received. Premiums and discounts on debt securities are amortized and accreted, respectively, to interest income over the lives of the respective securities, except for premiums on certain callable debt securities that are amortized to the earliest call date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are those of the specific securities sold.
Each class of shares has equal rights as to assets and earnings, except that each class separately bears certain class-specific expenses related to maintenance of shareholder accounts (included in Management and Administrative expenses) and shareholder reporting. Marketing and distribution expenses are allocated to each class of shares based on a method approved by the board of trustees. Income, other non-class-specific expenses, and gains and losses on investments are allocated to each class of shares based on its relative net assets.
B.  In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month.
Upon the request of Vanguard, the fund may invest up to 0.40% of its net assets as capital in Vanguard. At June 30, 2022, the fund had contributed to Vanguard capital in the amount of $43,355,000, representing less than 0.01% of the fund’s net assets and 17.34% of Vanguard’s capital received pursuant to the FSA. The fund’s trustees and officers are also directors and employees, respectively, of Vanguard.
C.  The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended June 30, 2022, custodian fee offset arrangements reduced the fund’s expenses by $25,000 (an annual rate of less than 0.01% of average net assets).
D.  Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
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Total Stock Market Index Fund
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund's investments and derivatives as of June 30, 2022, based on the inputs used to value them:
  Level 1
($000)
Level 2
($000)
Level 3
($000)
Total
($000)
Investments        
Assets        
Common Stocks 1,102,905,714 151 7,239 1,102,913,104
Preferred Stocks 5,345 5,345
Temporary Cash Investments 12,109,452 12,109,452
Total 1,115,020,511 151 7,239 1,115,027,901
Derivative Financial Instruments        
Assets        
Swap Contracts 2,614 2,614
Liabilities        
Futures Contracts1 92,594 92,594
Swap Contracts 54,722 54,722
Total 92,594 54,722 147,316
1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities.
E.  As of June 30, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows:
  Amount
($000)
Tax Cost 625,810,110
Gross Unrealized Appreciation 546,946,357
Gross Unrealized Depreciation (57,873,268)
Net Unrealized Appreciation (Depreciation) 489,073,089
The fund’s tax-basis capital gains and losses are determined only at the end of each fiscal year. For tax purposes, at December 31, 2021, the fund had available capital losses totaling $11,733,322,000 that may be carried forward indefinitely to offset future net capital gains. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending December 31, 2022; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
F.  During the six months ended June 30, 2022, the fund purchased $76,664,332,000 of investment securities and sold $37,568,319,000 of investment securities, other than temporary cash investments. Purchases and sales include $20,410,351,000 and $12,962,565,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares.
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The fund purchased securities from and sold securities to other Vanguard funds or accounts managed by Vanguard or its affiliates, in accordance with procedures adopted by the board of trustees in compliance with Rule 17a-7 of the Investment Company Act of 1940. For the six months ended June 30, 2022, such purchases were $1,014,588,000 and sales were $1,085,424,000, resulting in net realized loss of $442,837,000; these amounts, other than temporary cash investments, are included in the purchases and sales of investment securities noted above.
G.  Capital share transactions for each class of shares were:
  Six Months Ended
June 30, 2022
  Year Ended
December 31, 2021
  Amount
($000)
Shares
(000)
  Amount
($000)
Shares
(000)
Investor Shares          
Issued 3,807,296 35,379   496,590 4,799
Issued in Lieu of Cash Distributions 129,235 1,300   1,676,741 15,550
Redeemed (107,864,876) (975,210)   (53,747,637) (504,787)
Net Increase (Decrease)—Investor Shares (103,928,345) (938,531)   (51,574,306) (484,438)
ETF Shares          
Issued 25,914,934 122,613   69,095,066 308,260
Issued in Lieu of Cash Distributions  
Redeemed (13,387,498) (64,100)   (24,708,757) (108,100)
Net Increase (Decrease)—ETF Shares 12,527,436 58,513   44,386,309 200,160
Admiral Shares          
Issued 18,385,152 175,157   37,025,893 347,554
Issued in Lieu of Cash Distributions 1,713,156 17,207   3,424,237 31,536
Redeemed (17,126,915) (163,359)   (38,573,188) (360,387)
Net Increase (Decrease)—Admiral Shares 2,971,393 29,005   1,876,942 18,703
Institutional Shares          
Issued 5,089,166 48,221   44,920,917 425,435
Issued in Lieu of Cash Distributions 416,444 4,179   2,799,517 25,726
Redeemed (161,024,919) (1,458,108)   (25,575,458) (236,871)
Net Increase (Decrease)—Institutional Shares (155,519,309) (1,405,708)   22,144,976 214,290
Institutional Plus Shares          
Issued 293,292,292 1,428,530   27,268,129 137,022
Issued in Lieu of Cash Distributions 3,554,411 19,055   3,498,917 17,171
Redeemed (11,341,574) (57,849)   (16,750,450) (82,739)
Net Increase (Decrease)—Institutional Plus Shares 285,505,129 1,389,736   14,016,596 71,454
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Total Stock Market Index Fund
  Six Months Ended
June 30, 2022
  Year Ended
December 31, 2021
  Amount
($000)
Shares
(000)
  Amount
($000)
Shares
(000)
Institutional Select Shares          
Issued 3,210,912 15,897   5,779,241 28,270
Issued in Lieu of Cash Distributions 323,852 1,651   647,913 3,034
Redeemed (3,134,742) (14,943)   (8,290,022) (40,759)
Net Increase (Decrease)—Institutional Select Shares 400,022 2,605   (1,862,868) (9,455)
H.  Certain of the fund’s investments are in companies that are considered to be affiliated companies of the fund because the fund owns more than 5% of the outstanding voting securities of the company or the issuer is another member of The Vanguard Group. Transactions during the period in securities of these companies were as follows:
    Current Period Transactions  
  Dec. 31, 2021
Market Value
($000)
Purchases
at Cost
($000)
Proceeds
from
Securities
Sold
($000)
Realized
Net Gain
(Loss)
($000)
Change in
Unrealized
App. (Dep.)
($000)
Income
($000)
Capital Gain
Distributions
Received
($000)
Jun. 30, 2022
Market Value
($000)
Asure Software Inc. NA1 4,124 1,412 (707) (1,939) 7,399
Vanguard Market Liquidity Fund 8,612,238 NA2 NA2 (1,092) (716) 14,038 12,109,452
Total 8,612,238 4,124 1,412 (1,799) (2,655) 14,038 12,116,851
1 Not applicable—at December 31, 2021, the issuer was not an affiliated company of the fund.
2 Not applicable—purchases and sales are for temporary cash investment purposes.
I.  Management has determined that no events or transactions occurred subsequent to June 30, 2022, that would require recognition or disclosure in these financial statements.
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Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Total Stock Market Index Fund has renewed the ‎fund’s investment advisory arrangement with The Vanguard Group, Inc. (Vanguard), ‎through its Equity Index Group. The board determined that continuing the fund’s ‎internalized management structure was in the best interests of the fund and its ‎shareholders.‎
The board based its decision upon an evaluation of the advisor’s investment staff, ‎portfolio management process, and performance. This evaluation included information ‎provided to the board by Vanguard’s Portfolio Review Department, which is responsible ‎for fund and advisor oversight and product management. The Portfolio Review ‎Department met regularly with the advisor and made monthly presentations to the board ‎during the fiscal year that directed the board’s focus to relevant information and topics.‎
The board, or an investment committee made up of board members, also received ‎information throughout the year during advisor presentations. For each advisor ‎presentation, the board was provided with letters and reports that included information ‎about, among other things, the advisory firm and the advisor’s assessment of the ‎investment environment, portfolio performance, and portfolio characteristics.‎
In addition, the board received periodic reports throughout the year, which included ‎information about the portfolio’s performance relative to its peers and benchmark, as ‎applicable, and updates, as needed, on the Portfolio Review Department’s ongoing ‎assessment of the advisor.‎
Prior to their meeting, the trustees were provided with a memo and materials that ‎summarized the information they received over the course of the year. They also ‎considered the factors discussed below, among others. However, no single factor ‎determined whether the board approved the arrangement. Rather, it was the totality of ‎the circumstances that drove the board’s decision.‎
Nature, extent, and quality of services
The board reviewed the quality of the fund’s investment management services over both ‎the short and long term, and took into account the organizational depth and stability of ‎the advisor. The board considered that Vanguard has been managing investments for ‎more than four decades. The Equity Index Group adheres to a sound, disciplined ‎investment management process; the team has considerable experience, stability, and ‎depth.‎
The board concluded that Vanguard’s experience, stability, depth, and performance, ‎among other factors, warranted continuation of the advisory arrangement.‎
Investment performance
The board considered the short- and long-term performance of the fund, including any ‎periods of outperformance or underperformance compared with its target index and peer ‎group. The board concluded that the performance was such that the advisory arrangement ‎should continue. ‎
Cost
The board concluded that the fund’s expense ratio was below the average expense ratio ‎charged by funds in its peer group and that the fund’s advisory expenses were also below ‎the peer-group average.‎
The board does not conduct a profitability analysis of Vanguard because of Vanguard’s ‎unique structure. Unlike most other mutual fund management companies, Vanguard is ‎owned by the funds it oversees.‎
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The benefit of economies of scale
The board concluded that the fund’s arrangement with Vanguard ensures that the fund ‎will realize economies of scale as it grows, with the cost to shareholders declining as fund ‎assets increase.‎
The board will consider whether to renew the advisory arrangement again after a one-year ‎period.‎
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Liquidity Risk Management
Vanguard funds (except for the money market funds) have adopted and implemented a written liquidity risk management program (the “Program”) as required by Rule 22e-4 under the Investment Company Act of 1940. Rule 22e-4 requires that each fund adopt a program that is reasonably designed to assess and manage the fund’s liquidity risk, which is the risk that the fund could not meet redemption requests without significant dilution of remaining investors’ interests in the fund.
Assessment and management of a fund’s liquidity risk under the Program take into consideration certain factors, such as the fund’s investment strategy and the liquidity of its portfolio investments during normal and reasonably foreseeable stressed conditions, its short- and long-term cash-flow projections during both normal and reasonably foreseeable stressed conditions, and its cash and cash-equivalent holdings and access to other funding sources. As required by the rule, the Program includes policies and procedures for classification of fund portfolio holdings in four liquidity categories, maintaining certain levels of highly liquid investments, and limiting holdings of illiquid investments.
The board of trustees of Vanguard Index Funds approved the appointment of liquidity risk management program administrators responsible for administering Vanguard Total Stock Market Index Fund’s Program and for carrying out the specific responsibilities set forth in the Program, including reporting to the board on at least an annual basis regarding the Program’s operation, its adequacy, and the effectiveness of its implementation for the past year (the “Program Administrator Report”). The board has reviewed the Program Administrator Report covering the period from January 1, 2021, through December 31, 2021 (the “Review Period”). The Program Administrator Report stated that during the Review Period the Program operated and was implemented effectively to manage the fund’s liquidity risk.
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This material may be used in conjunction with the offering of shares of any Vanguard fund only if preceded or accompanied by the fund’s current prospectus.
You can obtain a free copy of Vanguard’s proxy voting guidelines by visiting vanguard.com/proxyreporting or by calling Vanguard at 800-662-2739. The guidelines are also available from the SEC’s website, www.sec.gov. In addition, you may obtain a free report on how your fund voted the proxies for securities it owned during the 12 months ended June 30. To get the report, visit either vanguard.com/proxyreporting or www.sec.gov.
You can review information about your fund on the SEC’s website, and you can receive copies of this information, for a fee, by sending a request via email addressed to [email protected].
© 2022 The Vanguard Group, Inc.
All rights reserved.
U.S. Patent No. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Q852 082022