# EDGAR Filing Document

**Accession Number:** 0000734383
**File Stem:** 0000734383-26-000213
**Filing Date:** 2026-6
**Character Count:** 170809
**Document Hash:** bbe26a7580a34de14075ce3bdcba8b8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000734383-26-000213.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000734383-26-000213

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20270131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD SPECIALIZED FUNDS
- **CENTRAL INDEX KEY:** 0000734383

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03916
- **FILM NUMBER:** 261128231

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD SPECIALIZED FUNDS/
- **DATE OF NAME CHANGE:** 20011121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD SPECIALIZED PORTFOLIOS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Vanguard Dividend Appreciation Index Fund (Series ID: S000011322)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000031350 | ETF Shares     | VIG             |
| C000135474 | Admiral Shares | VDADX           |

## Nport-Ex

Vanguard<sup>®</sup> Dividend Appreciation Index Fund

#### Schedule of Investments (unaudited)
As of April 30, 2026

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 | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.3%)** | **Common Stocks (99.3%)** | **Common Stocks (99.3%)** |
| **Consumer Discretionary (4.5%)** | **Consumer Discretionary (4.5%)** | **Consumer Discretionary (4.5%)** |
| &nbsp;&nbsp;&nbsp;Home Depot Inc. | 5589552 | &nbsp;&nbsp;&nbsp;&nbsp; 1837845 |
| &nbsp;&nbsp;&nbsp;McDonald's Corp. | 3998529 | &nbsp;&nbsp;&nbsp;&nbsp; 1173928 |
| &nbsp;&nbsp;&nbsp;Lowe's Cos. Inc. | 3149700 | &nbsp;&nbsp;&nbsp;&nbsp; 752117 |
| &nbsp;&nbsp;&nbsp;Starbucks Corp. | 6396789 | &nbsp;&nbsp;&nbsp;&nbsp; 673774 |
| &nbsp;&nbsp;&nbsp;NIKE Inc. Class B | 6690220 | &nbsp;&nbsp;&nbsp;&nbsp; 296778 |
| &nbsp;&nbsp;&nbsp;DR Horton Inc. | 1511159 | &nbsp;&nbsp;&nbsp;&nbsp; 232507 |
| &nbsp;&nbsp;&nbsp;Williams-Sonoma Inc. | &nbsp;&nbsp;&nbsp;&nbsp;669606 | &nbsp;&nbsp;&nbsp;&nbsp; 121339 |
| &nbsp;&nbsp;&nbsp;Tractor Supply Co. | 2967289 | &nbsp;&nbsp;&nbsp;&nbsp; 104152 |
| &nbsp;&nbsp;&nbsp;Dick's Sporting Goods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;372843 | &nbsp;&nbsp;&nbsp;&nbsp; 84605 |
| &nbsp;&nbsp;&nbsp;Service Corp. International | &nbsp;&nbsp;&nbsp;&nbsp;781755 | &nbsp;&nbsp;&nbsp;&nbsp; 63346 |
| &nbsp;&nbsp;&nbsp;Domino's Pizza Inc. | &nbsp;&nbsp;&nbsp;&nbsp;174555 | &nbsp;&nbsp;&nbsp;&nbsp; 59247 |
| &nbsp;&nbsp;&nbsp;Lithia Motors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;136187 | &nbsp;&nbsp;&nbsp;&nbsp; 39511 |
| &nbsp;&nbsp;&nbsp;Pool Corp. | &nbsp;&nbsp;&nbsp;&nbsp;184149 | &nbsp;&nbsp;&nbsp;&nbsp; 39283 |
| &nbsp;&nbsp;&nbsp;Churchill Downs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;371942 | &nbsp;&nbsp;&nbsp;&nbsp; 37562 |
| &nbsp;&nbsp;&nbsp;Brunswick Corp. | &nbsp;&nbsp;&nbsp;&nbsp;365268 | &nbsp;&nbsp;&nbsp;&nbsp; 29021 |
| &nbsp;&nbsp;&nbsp;Thor Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;296753 | &nbsp;&nbsp;&nbsp;&nbsp; 23455 |
| &nbsp;&nbsp;&nbsp;Graham Holdings Co. Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19088 | &nbsp;&nbsp;&nbsp;&nbsp; 21426 |
| &nbsp;&nbsp;&nbsp;Dillard's Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16991 | &nbsp;&nbsp;&nbsp;&nbsp; 9672 |
| &nbsp;&nbsp;&nbsp;Shoe Carnival Inc. | &nbsp;&nbsp;&nbsp;&nbsp;100140 | &nbsp;&nbsp;&nbsp;&nbsp; 1855 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **5601423** |
| **Consumer Staples (10.2%)** | **Consumer Staples (10.2%)** | **Consumer Staples (10.2%)** |
| &nbsp;&nbsp;&nbsp;Walmart Inc. | 24612317 | &nbsp;&nbsp;&nbsp;&nbsp; 3247103 |
| &nbsp;&nbsp;&nbsp;Costco Wholesale Corp. | 2492173 | &nbsp;&nbsp;&nbsp;&nbsp; 2528384 |
| &nbsp;&nbsp;&nbsp;Procter & Gamble Co. | 13048593 | &nbsp;&nbsp;&nbsp;&nbsp; 1919317 |
| &nbsp;&nbsp;&nbsp;Coca-Cola Co. | 21737138 | &nbsp;&nbsp;&nbsp;&nbsp; 1712017 |
| &nbsp;&nbsp;&nbsp;PepsiCo Inc. | 7673371 | &nbsp;&nbsp;&nbsp;&nbsp; 1216153 |
| &nbsp;&nbsp;&nbsp;Mondelez International Inc. Class A | 7189768 | &nbsp;&nbsp;&nbsp;&nbsp; 441739 |
| &nbsp;&nbsp;&nbsp;Colgate-Palmolive Co. | 4526308 | &nbsp;&nbsp;&nbsp;&nbsp; 386366 |
| &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland Co. | 2698552 | &nbsp;&nbsp;&nbsp;&nbsp; 201150 |
| &nbsp;&nbsp;&nbsp;Sysco Corp. | 2689148 | &nbsp;&nbsp;&nbsp;&nbsp; 200906 |
| &nbsp;&nbsp;&nbsp;Casey's General Stores Inc. | &nbsp;&nbsp;&nbsp;&nbsp;208132 | &nbsp;&nbsp;&nbsp;&nbsp; 171116 |
| &nbsp;&nbsp;&nbsp;Kroger Co. | 2269117 | &nbsp;&nbsp;&nbsp;&nbsp; 154459 |
| &nbsp;&nbsp;&nbsp;Church & Dwight Co. Inc. | 1329006 | &nbsp;&nbsp;&nbsp;&nbsp; 128993 |
| &nbsp;&nbsp;&nbsp;Constellation Brands Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;788605 | &nbsp;&nbsp;&nbsp;&nbsp; 123480 |
| &nbsp;&nbsp;&nbsp;Tyson Foods Inc. Class A | 1584234 | &nbsp;&nbsp;&nbsp;&nbsp; 101502 |
| &nbsp;&nbsp;&nbsp;McCormick & Co. Inc. | 1424167 | &nbsp;&nbsp;&nbsp;&nbsp; 72405 |
| &nbsp;&nbsp;&nbsp;Ingredion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;354106 | &nbsp;&nbsp;&nbsp;&nbsp; 39568 |
| &nbsp;&nbsp;&nbsp;Brown-Forman Corp. Class B | 1030730 | &nbsp;&nbsp;&nbsp;&nbsp; 26562 |
| &nbsp;&nbsp;&nbsp;WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75710 | &nbsp;&nbsp;&nbsp;&nbsp; 15896 |
| &nbsp;&nbsp;&nbsp;Marzetti Co. | &nbsp;&nbsp;&nbsp;&nbsp;114110 | &nbsp;&nbsp;&nbsp;&nbsp; 14866 |
| &nbsp;&nbsp;&nbsp;Andersons Inc. | &nbsp;&nbsp;&nbsp;&nbsp;188658 | &nbsp;&nbsp;&nbsp;&nbsp; 14817 |
| &nbsp;&nbsp;&nbsp;Brown-Forman Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;240625 | &nbsp;&nbsp;&nbsp;&nbsp; 6324 |
| &nbsp;&nbsp;&nbsp;Tootsie Roll Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;114208 | &nbsp;&nbsp;&nbsp;&nbsp; 4822 |
| &nbsp;&nbsp;&nbsp;Oil-Dri Corp. of America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58013 | &nbsp;&nbsp;&nbsp;&nbsp; 4232 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **12732177** |
| **Energy (3.4%)** | **Energy (3.4%)** | **Energy (3.4%)** |
| &nbsp;&nbsp;&nbsp;Exxon Mobil Corp. | 23463460 | &nbsp;&nbsp;&nbsp;&nbsp; 3621116 |
| &nbsp;&nbsp;&nbsp;Phillips 66 | 2262214 | &nbsp;&nbsp;&nbsp;&nbsp; 405276 |
| &nbsp;&nbsp;&nbsp;Texas Pacific Land Corp. | &nbsp;&nbsp;&nbsp;&nbsp;325136 | &nbsp;&nbsp;&nbsp;&nbsp; 144253 |
| &nbsp;&nbsp;&nbsp;DT Midstream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;570798 | &nbsp;&nbsp;&nbsp;&nbsp; 84472 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4255117** |
| **Financials (20.5%)** | **Financials (20.5%)** | **Financials (20.5%)** |
| &nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. (XNYS) | 14281460 | &nbsp;&nbsp;&nbsp;&nbsp; 4473382 |
| &nbsp;&nbsp;&nbsp;Visa Inc. Class A (XNYS) | 8793833 | &nbsp;&nbsp;&nbsp;&nbsp; 2900558 |
| &nbsp;&nbsp;&nbsp;Mastercard Inc. Class A | 4572642 | &nbsp;&nbsp;&nbsp;&nbsp; 2299673 |
| &nbsp;&nbsp;&nbsp;Bank of America Corp. (XNYS) | 36688946 | &nbsp;&nbsp;&nbsp;&nbsp; 1961391 |
| &nbsp;&nbsp;&nbsp;Goldman Sachs Group Inc. (XNYS) | 1602917 | &nbsp;&nbsp;&nbsp;&nbsp; 1480727 |
| &nbsp;&nbsp;&nbsp;Morgan Stanley | 6755580 | &nbsp;&nbsp;&nbsp;&nbsp; 1287546 |
| &nbsp;&nbsp;&nbsp;Blackrock Inc. | &nbsp;&nbsp;&nbsp;&nbsp;810248 | &nbsp;&nbsp;&nbsp;&nbsp; 863400 |

---

------

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| &nbsp;&nbsp;&nbsp;S&P Global Inc. | 1716333 | &nbsp;&nbsp;&nbsp;&nbsp; 740134 |
| &nbsp;&nbsp;&nbsp;Chubb Ltd. | 2042400 | &nbsp;&nbsp;&nbsp;&nbsp; 667865 |
| &nbsp;&nbsp;&nbsp;CME Group Inc. | 2024903 | &nbsp;&nbsp;&nbsp;&nbsp; 582808 |
| &nbsp;&nbsp;&nbsp;Bank of New York Mellon Corp. | 3860236 | &nbsp;&nbsp;&nbsp;&nbsp; 518700 |
| &nbsp;&nbsp;&nbsp;Intercontinental Exchange Inc. | 3189196 | &nbsp;&nbsp;&nbsp;&nbsp; 504180 |
| &nbsp;&nbsp;&nbsp;PNC Financial Services Group Inc. | 2189779 | &nbsp;&nbsp;&nbsp;&nbsp; 488321 |
| &nbsp;&nbsp;&nbsp;Marsh & McLennan Cos. Inc. | 2718487 | &nbsp;&nbsp;&nbsp;&nbsp; 455917 |
| &nbsp;&nbsp;&nbsp;Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;861617 | &nbsp;&nbsp;&nbsp;&nbsp; 397938 |
| &nbsp;&nbsp;&nbsp;Aon plc Class A (XNYS) | 1204476 | &nbsp;&nbsp;&nbsp;&nbsp; 375375 |
| &nbsp;&nbsp;&nbsp;Travelers Cos. Inc. | 1212869 | &nbsp;&nbsp;&nbsp;&nbsp; 370095 |
| &nbsp;&nbsp;&nbsp;Allstate Corp. | 1459991 | &nbsp;&nbsp;&nbsp;&nbsp; 317198 |
| &nbsp;&nbsp;&nbsp;Arthur J Gallagher & Co. | 1442934 | &nbsp;&nbsp;&nbsp;&nbsp; 297822 |
| &nbsp;&nbsp;&nbsp;Aflac Inc. | 2618341 | &nbsp;&nbsp;&nbsp;&nbsp; 297627 |
| &nbsp;&nbsp;&nbsp;Fifth Third Bancorp | 5053825 | &nbsp;&nbsp;&nbsp;&nbsp; 256532 |
| &nbsp;&nbsp;&nbsp;MetLife Inc. | 3090938 | &nbsp;&nbsp;&nbsp;&nbsp; 247584 |
| &nbsp;&nbsp;&nbsp;MSCI Inc. | &nbsp;&nbsp;&nbsp;&nbsp;412112 | &nbsp;&nbsp;&nbsp;&nbsp; 243727 |
| &nbsp;&nbsp;&nbsp;Ameriprise Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;512076 | &nbsp;&nbsp;&nbsp;&nbsp; 243129 |
| &nbsp;&nbsp;&nbsp;State Street Corp. | 1567719 | &nbsp;&nbsp;&nbsp;&nbsp; 239610 |
| &nbsp;&nbsp;&nbsp;Nasdaq Inc. | 2522531 | &nbsp;&nbsp;&nbsp;&nbsp; 231846 |
| &nbsp;&nbsp;&nbsp;Hartford Insurance Group Inc. | 1566569 | &nbsp;&nbsp;&nbsp;&nbsp; 214322 |
| &nbsp;&nbsp;&nbsp;Cboe Global Markets Inc. | &nbsp;&nbsp;&nbsp;&nbsp;587795 | &nbsp;&nbsp;&nbsp;&nbsp; 176391 |
| &nbsp;&nbsp;&nbsp;Raymond James Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;944526 | &nbsp;&nbsp;&nbsp;&nbsp; 149537 |
| &nbsp;&nbsp;&nbsp;Cincinnati Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;876174 | &nbsp;&nbsp;&nbsp;&nbsp; 143342 |
| &nbsp;&nbsp;&nbsp;Principal Financial Group Inc. | 1110888 | &nbsp;&nbsp;&nbsp;&nbsp; 112100 |
| &nbsp;&nbsp;&nbsp;W R Berkley Corp. | 1673567 | &nbsp;&nbsp;&nbsp;&nbsp; 111844 |
| &nbsp;&nbsp;&nbsp;Brown & Brown Inc. | 1644243 | &nbsp;&nbsp;&nbsp;&nbsp; 98901 |
| &nbsp;&nbsp;&nbsp;Reinsurance Group of America Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;369041 | &nbsp;&nbsp;&nbsp;&nbsp; 78037 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;244235 | &nbsp;&nbsp;&nbsp;&nbsp; 74973 |
| &nbsp;&nbsp;&nbsp;Evercore Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;217316 | &nbsp;&nbsp;&nbsp;&nbsp; 69821 |
| &nbsp;&nbsp;&nbsp;Globe Life Inc. | &nbsp;&nbsp;&nbsp;&nbsp;447071 | &nbsp;&nbsp;&nbsp;&nbsp; 68983 |
| &nbsp;&nbsp;&nbsp;Unum Group | &nbsp;&nbsp;&nbsp;&nbsp;855035 | &nbsp;&nbsp;&nbsp;&nbsp; 68728 |
| &nbsp;&nbsp;&nbsp;Assurant Inc. | &nbsp;&nbsp;&nbsp;&nbsp;281277 | &nbsp;&nbsp;&nbsp;&nbsp; 66457 |
| &nbsp;&nbsp;&nbsp;Jack Henry & Associates Inc. | &nbsp;&nbsp;&nbsp;&nbsp;405293 | &nbsp;&nbsp;&nbsp;&nbsp; 62314 |
| &nbsp;&nbsp;&nbsp;Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;376021 | &nbsp;&nbsp;&nbsp;&nbsp; 56617 |
| &nbsp;&nbsp;&nbsp;Southstate Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;556643 | &nbsp;&nbsp;&nbsp;&nbsp; 54367 |
| &nbsp;&nbsp;&nbsp;Zions Bancorp NA | &nbsp;&nbsp;&nbsp;&nbsp;828909 | &nbsp;&nbsp;&nbsp;&nbsp; 52569 |
| &nbsp;&nbsp;&nbsp;American Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;388816 | &nbsp;&nbsp;&nbsp;&nbsp; 51817 |
| &nbsp;&nbsp;&nbsp;Cullen / Frost Bankers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;354805 | &nbsp;&nbsp;&nbsp;&nbsp; 51422 |
| &nbsp;&nbsp;&nbsp;Old Republic International Corp. | 1278538 | &nbsp;&nbsp;&nbsp;&nbsp; 51078 |
| &nbsp;&nbsp;&nbsp;UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;400917 | &nbsp;&nbsp;&nbsp;&nbsp; 50584 |
| &nbsp;&nbsp;&nbsp;Primerica Inc. | &nbsp;&nbsp;&nbsp;&nbsp;179247 | &nbsp;&nbsp;&nbsp;&nbsp; 50417 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;208429 | &nbsp;&nbsp;&nbsp;&nbsp; 47434 |
| &nbsp;&nbsp;&nbsp;SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;523052 | &nbsp;&nbsp;&nbsp;&nbsp; 47430 |
| &nbsp;&nbsp;&nbsp;Houlihan Lokey Inc. | &nbsp;&nbsp;&nbsp;&nbsp;305645 | &nbsp;&nbsp;&nbsp;&nbsp; 47298 |
| &nbsp;&nbsp;&nbsp;First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;572219 | &nbsp;&nbsp;&nbsp;&nbsp; 40130 |
| &nbsp;&nbsp;&nbsp;Commerce Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;769554 | &nbsp;&nbsp;&nbsp;&nbsp; 40040 |
| &nbsp;&nbsp;&nbsp;Prosperity Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;567293 | &nbsp;&nbsp;&nbsp;&nbsp; 39512 |
| &nbsp;&nbsp;&nbsp;Hanover Insurance Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;198922 | &nbsp;&nbsp;&nbsp;&nbsp; 37336 |
| &nbsp;&nbsp;&nbsp;MarketAxess Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;208951 | &nbsp;&nbsp;&nbsp;&nbsp; 32845 |
| &nbsp;&nbsp;&nbsp;Erie Indemnity Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;142706 | &nbsp;&nbsp;&nbsp;&nbsp; 31243 |
| &nbsp;&nbsp;&nbsp;Selective Insurance Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;337604 | &nbsp;&nbsp;&nbsp;&nbsp; 28342 |
| &nbsp;&nbsp;&nbsp;Home BancShares Inc. | 1027101 | &nbsp;&nbsp;&nbsp;&nbsp; 27598 |
| &nbsp;&nbsp;&nbsp;RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;516020 | &nbsp;&nbsp;&nbsp;&nbsp; 26714 |
| &nbsp;&nbsp;&nbsp;First Financial Bankshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;731984 | &nbsp;&nbsp;&nbsp;&nbsp; 23621 |
| &nbsp;&nbsp;&nbsp;CNO Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;530990 | &nbsp;&nbsp;&nbsp;&nbsp; 23602 |
| &nbsp;&nbsp;&nbsp;United Community Banks Inc. | &nbsp;&nbsp;&nbsp;&nbsp;676943 | &nbsp;&nbsp;&nbsp;&nbsp; 22562 |
| &nbsp;&nbsp;&nbsp;ServisFirst Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;282263 | &nbsp;&nbsp;&nbsp;&nbsp; 22474 |
| &nbsp;&nbsp;&nbsp;International Bancshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp;303764 | &nbsp;&nbsp;&nbsp;&nbsp; 21792 |
| &nbsp;&nbsp;&nbsp;Morningstar Inc. | &nbsp;&nbsp;&nbsp;&nbsp;128778 | &nbsp;&nbsp;&nbsp;&nbsp; 21726 |
| &nbsp;&nbsp;&nbsp;Independent Bank Corp. (XNGS) | &nbsp;&nbsp;&nbsp;&nbsp;278291 | &nbsp;&nbsp;&nbsp;&nbsp; 21704 |
| &nbsp;&nbsp;&nbsp;Assured Guaranty Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;243420 | &nbsp;&nbsp;&nbsp;&nbsp; 19936 |
| &nbsp;&nbsp;&nbsp;Community Financial System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;295799 | &nbsp;&nbsp;&nbsp;&nbsp; 18742 |
| &nbsp;&nbsp;&nbsp;Towne Bank | &nbsp;&nbsp;&nbsp;&nbsp;481832 | &nbsp;&nbsp;&nbsp;&nbsp; 17134 |
| &nbsp;&nbsp;&nbsp;BOK Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;119029 | &nbsp;&nbsp;&nbsp;&nbsp; 15925 |
| &nbsp;&nbsp;&nbsp;First Merchants Corp. | &nbsp;&nbsp;&nbsp;&nbsp;346850 | &nbsp;&nbsp;&nbsp;&nbsp; 14027 |
| &nbsp;&nbsp;&nbsp;BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;116769 | &nbsp;&nbsp;&nbsp;&nbsp; 13033 |
| &nbsp;&nbsp;&nbsp;NBT Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;293543 | &nbsp;&nbsp;&nbsp;&nbsp; 12825 |
| &nbsp;&nbsp;&nbsp;Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;207622 | &nbsp;&nbsp;&nbsp;&nbsp; 12005 |
| &nbsp;&nbsp;&nbsp;Stock Yards Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;154012 | &nbsp;&nbsp;&nbsp;&nbsp; 11140 |
| &nbsp;&nbsp;&nbsp;Nelnet Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78237 | &nbsp;&nbsp;&nbsp;&nbsp; 11086 |

---

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| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| &nbsp;&nbsp;&nbsp;National Bank Holdings Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;253107 | &nbsp;&nbsp;&nbsp;&nbsp; 10808 |
| &nbsp;&nbsp;&nbsp;Horace Mann Educators Corp. | &nbsp;&nbsp;&nbsp;&nbsp;228842 | &nbsp;&nbsp;&nbsp;&nbsp; 10399 |
| &nbsp;&nbsp;&nbsp;City Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80958 | &nbsp;&nbsp;&nbsp;&nbsp; 9955 |
| &nbsp;&nbsp;&nbsp;TriCo Bancshares | &nbsp;&nbsp;&nbsp;&nbsp;182350 | &nbsp;&nbsp;&nbsp;&nbsp; 9167 |
| &nbsp;&nbsp;&nbsp;German American Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;210568 | &nbsp;&nbsp;&nbsp;&nbsp; 9069 |
| &nbsp;&nbsp;&nbsp;Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;141533 | &nbsp;&nbsp;&nbsp;&nbsp; 8566 |
| &nbsp;&nbsp;&nbsp;Bank First Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57386 | &nbsp;&nbsp;&nbsp;&nbsp; 8339 |
| &nbsp;&nbsp;&nbsp;Westamerica BanCorp | &nbsp;&nbsp;&nbsp;&nbsp;138102 | &nbsp;&nbsp;&nbsp;&nbsp; 7571 |
| &nbsp;&nbsp;&nbsp;1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp;102666 | &nbsp;&nbsp;&nbsp;&nbsp; 7549 |
| &nbsp;&nbsp;&nbsp;First Mid Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;122458 | &nbsp;&nbsp;&nbsp;&nbsp; 5154 |
| &nbsp;&nbsp;&nbsp;Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96361 | &nbsp;&nbsp;&nbsp;&nbsp; 4944 |
| &nbsp;&nbsp;&nbsp;First Community Bankshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;102779 | &nbsp;&nbsp;&nbsp;&nbsp; 4380 |
| &nbsp;&nbsp;&nbsp;Republic Bancorp Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53643 | &nbsp;&nbsp;&nbsp;&nbsp; 4062 |
| &nbsp;&nbsp;&nbsp;Independent Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;115242 | &nbsp;&nbsp;&nbsp;&nbsp; 3827 |
| &nbsp;&nbsp;&nbsp;Capital City Bank Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77543 | &nbsp;&nbsp;&nbsp;&nbsp; 3580 |
| &nbsp;&nbsp;&nbsp;Southern Missouri Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52298 | &nbsp;&nbsp;&nbsp;&nbsp; 3569 |
| &nbsp;&nbsp;&nbsp;Northrim BanCorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;124082 | &nbsp;&nbsp;&nbsp;&nbsp; 3044 |
| &nbsp;&nbsp;&nbsp;Cass Information Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64216 | &nbsp;&nbsp;&nbsp;&nbsp; 3037 |
| &nbsp;&nbsp;&nbsp;Civista Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;116218 | &nbsp;&nbsp;&nbsp;&nbsp; 2890 |
| &nbsp;&nbsp;&nbsp;First Business Financial Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46707 | &nbsp;&nbsp;&nbsp;&nbsp; 2625 |
| &nbsp;&nbsp;&nbsp;Home Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38608 | &nbsp;&nbsp;&nbsp;&nbsp; 2401 |
| &nbsp;&nbsp;&nbsp;Unity Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36987 | &nbsp;&nbsp;&nbsp;&nbsp; 1934 |
| &nbsp;&nbsp;&nbsp;Investar Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68066 | &nbsp;&nbsp;&nbsp;&nbsp; 1886 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **25535718** |
| **Health Care (16.3%)** | **Health Care (16.3%)** | **Health Care (16.3%)** |
| &nbsp;&nbsp;&nbsp;Eli Lilly & Co. | 4449152 | &nbsp;&nbsp;&nbsp;&nbsp; 4158177 |
| &nbsp;&nbsp;&nbsp;Johnson & Johnson | 13530878 | &nbsp;&nbsp;&nbsp;&nbsp; 3110072 |
| &nbsp;&nbsp;&nbsp;AbbVie Inc. | 9923289 | &nbsp;&nbsp;&nbsp;&nbsp; 2096989 |
| &nbsp;&nbsp;&nbsp;UnitedHealth Group Inc. | 5086013 | &nbsp;&nbsp;&nbsp;&nbsp; 1884266 |
| &nbsp;&nbsp;&nbsp;Merck & Co. Inc. | 13935938 | &nbsp;&nbsp;&nbsp;&nbsp; 1521526 |
| &nbsp;&nbsp;&nbsp;Amgen Inc. | 3023429 | &nbsp;&nbsp;&nbsp;&nbsp; 1046862 |
| &nbsp;&nbsp;&nbsp;Gilead Sciences Inc. | 6966103 | &nbsp;&nbsp;&nbsp;&nbsp; 911445 |
| &nbsp;&nbsp;&nbsp;Abbott Laboratories | 9763281 | &nbsp;&nbsp;&nbsp;&nbsp; 886408 |
| &nbsp;&nbsp;&nbsp;Danaher Corp. | 3532521 | &nbsp;&nbsp;&nbsp;&nbsp; 632145 |
| &nbsp;&nbsp;&nbsp;Stryker Corp. | 1933868 | &nbsp;&nbsp;&nbsp;&nbsp; 609420 |
| &nbsp;&nbsp;&nbsp;Medtronic plc | 7198178 | &nbsp;&nbsp;&nbsp;&nbsp; 582837 |
| &nbsp;&nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;687036 | &nbsp;&nbsp;&nbsp;&nbsp; 560072 |
| &nbsp;&nbsp;&nbsp;Elevance Health Inc. (XNYS) | 1212532 | &nbsp;&nbsp;&nbsp;&nbsp; 456421 |
| &nbsp;&nbsp;&nbsp;Cencora Inc. | 1092415 | &nbsp;&nbsp;&nbsp;&nbsp; 336475 |
| &nbsp;&nbsp;&nbsp;Zoetis Inc. | 2367689 | &nbsp;&nbsp;&nbsp;&nbsp; 272213 |
| &nbsp;&nbsp;&nbsp;Cardinal Health Inc. | 1321471 | &nbsp;&nbsp;&nbsp;&nbsp; 254885 |
| &nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | 1598772 | &nbsp;&nbsp;&nbsp;&nbsp; 238281 |
| &nbsp;&nbsp;&nbsp;Agilent Technologies Inc. | 1588226 | &nbsp;&nbsp;&nbsp;&nbsp; 183520 |
| &nbsp;&nbsp;&nbsp;ResMed Inc. | &nbsp;&nbsp;&nbsp;&nbsp;817994 | &nbsp;&nbsp;&nbsp;&nbsp; 174895 |
| &nbsp;&nbsp;&nbsp;West Pharmaceutical Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;403965 | &nbsp;&nbsp;&nbsp;&nbsp; 120216 |
| &nbsp;&nbsp;&nbsp;Quest Diagnostics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;617818 | &nbsp;&nbsp;&nbsp;&nbsp; 119980 |
| &nbsp;&nbsp;&nbsp;STERIS plc | &nbsp;&nbsp;&nbsp;&nbsp;550714 | &nbsp;&nbsp;&nbsp;&nbsp; 119439 |
| &nbsp;&nbsp;&nbsp;Ensign Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;324040 | &nbsp;&nbsp;&nbsp;&nbsp; 60495 |
| &nbsp;&nbsp;&nbsp;Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79635 | &nbsp;&nbsp;&nbsp;&nbsp; 33843 |
| &nbsp;&nbsp;&nbsp;LeMaitre Vascular Inc. | &nbsp;&nbsp;&nbsp;&nbsp;117198 | &nbsp;&nbsp;&nbsp;&nbsp; 12863 |
| &nbsp;&nbsp;&nbsp;National HealthCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69814 | &nbsp;&nbsp;&nbsp;&nbsp; 12098 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **20395843** |
| **Industrials (12.2%)** | **Industrials (12.2%)** | **Industrials (12.2%)** |
| &nbsp;&nbsp;&nbsp;Caterpillar Inc. (XNYS) | 2612409 | &nbsp;&nbsp;&nbsp;&nbsp; 2325331 |
| &nbsp;&nbsp;&nbsp;Eaton Corp. plc | 2180718 | &nbsp;&nbsp;&nbsp;&nbsp; 944273 |
| &nbsp;&nbsp;&nbsp;Union Pacific Corp. | 3331691 | &nbsp;&nbsp;&nbsp;&nbsp; 897824 |
| &nbsp;&nbsp;&nbsp;Honeywell International Inc. | 3564672 | &nbsp;&nbsp;&nbsp;&nbsp; 764016 |
| &nbsp;&nbsp;&nbsp;Lockheed Martin Corp. | 1136808 | &nbsp;&nbsp;&nbsp;&nbsp; 588832 |
| &nbsp;&nbsp;&nbsp;Cummins Inc. | &nbsp;&nbsp;&nbsp;&nbsp;775748 | &nbsp;&nbsp;&nbsp;&nbsp; 520535 |
| &nbsp;&nbsp;&nbsp;General Dynamics Corp. | 1424920 | &nbsp;&nbsp;&nbsp;&nbsp; 490600 |
| &nbsp;&nbsp;&nbsp;Waste Management Inc. | 2083497 | &nbsp;&nbsp;&nbsp;&nbsp; 484517 |
| &nbsp;&nbsp;&nbsp;Automatic Data Processing Inc. | 2260919 | &nbsp;&nbsp;&nbsp;&nbsp; 479179 |
| &nbsp;&nbsp;&nbsp;CSX Corp. | 10440681 | &nbsp;&nbsp;&nbsp;&nbsp; 474320 |
| &nbsp;&nbsp;&nbsp;Emerson Electric Co. | 3155384 | &nbsp;&nbsp;&nbsp;&nbsp; 443142 |
| &nbsp;&nbsp;&nbsp;Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp;&nbsp;749035 | &nbsp;&nbsp;&nbsp;&nbsp; 434051 |
| &nbsp;&nbsp;&nbsp;Illinois Tool Works Inc. | 1472611 | &nbsp;&nbsp;&nbsp;&nbsp; 379948 |
| &nbsp;&nbsp;&nbsp;Comfort Systems USA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;197592 | &nbsp;&nbsp;&nbsp;&nbsp; 363619 |
| &nbsp;&nbsp;&nbsp;L3Harris Technologies Inc. | 1048690 | &nbsp;&nbsp;&nbsp;&nbsp; 336158 |
| &nbsp;&nbsp;&nbsp;Cintas Corp. | 1908588 | &nbsp;&nbsp;&nbsp;&nbsp; 333449 |

---

------

---

| | | |
|:---|:---|:---|
|  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
| &nbsp;&nbsp;&nbsp;Fastenal Co. | 6446866 | &nbsp;&nbsp;&nbsp;&nbsp; 289658 |
| &nbsp;&nbsp;&nbsp;WW Grainger Inc. | &nbsp;&nbsp;&nbsp;&nbsp;245621 | &nbsp;&nbsp;&nbsp;&nbsp; 285252 |
| &nbsp;&nbsp;&nbsp;Rockwell Automation Inc. | &nbsp;&nbsp;&nbsp;&nbsp;630840 | &nbsp;&nbsp;&nbsp;&nbsp; 257957 |
| &nbsp;&nbsp;&nbsp;Republic Services Inc. | 1129841 | &nbsp;&nbsp;&nbsp;&nbsp; 236385 |
| &nbsp;&nbsp;&nbsp;Sunbelt Rentals Holdings Inc. | 2328176 | &nbsp;&nbsp;&nbsp;&nbsp; 178175 |
| &nbsp;&nbsp;&nbsp;Dover Corp. | &nbsp;&nbsp;&nbsp;&nbsp;757253 | &nbsp;&nbsp;&nbsp;&nbsp; 171450 |
| &nbsp;&nbsp;&nbsp;Xylem Inc. | 1367767 | &nbsp;&nbsp;&nbsp;&nbsp; 161615 |
| &nbsp;&nbsp;&nbsp;Hubbell Inc. | &nbsp;&nbsp;&nbsp;&nbsp;298486 | &nbsp;&nbsp;&nbsp;&nbsp; 151682 |
| &nbsp;&nbsp;&nbsp;Veralto Corp. | 1394196 | &nbsp;&nbsp;&nbsp;&nbsp; 122968 |
| &nbsp;&nbsp;&nbsp;CH Robinson Worldwide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;666037 | &nbsp;&nbsp;&nbsp;&nbsp; 121092 |
| &nbsp;&nbsp;&nbsp;Snap-on Inc. | &nbsp;&nbsp;&nbsp;&nbsp;291447 | &nbsp;&nbsp;&nbsp;&nbsp; 111741 |
| &nbsp;&nbsp;&nbsp;Expeditors International of Washington Inc. | &nbsp;&nbsp;&nbsp;&nbsp;752518 | &nbsp;&nbsp;&nbsp;&nbsp; 111290 |
| &nbsp;&nbsp;&nbsp;BWX Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;513332 | &nbsp;&nbsp;&nbsp;&nbsp; 111080 |
| &nbsp;&nbsp;&nbsp;RB Global Inc. (XTSE) | 1042588 | &nbsp;&nbsp;&nbsp;&nbsp; 108742 |
| &nbsp;&nbsp;&nbsp;JB Hunt Transport Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;419567 | &nbsp;&nbsp;&nbsp;&nbsp; 105534 |
| &nbsp;&nbsp;&nbsp;ITT Inc. | &nbsp;&nbsp;&nbsp;&nbsp;482851 | &nbsp;&nbsp;&nbsp;&nbsp; 103494 |
| &nbsp;&nbsp;&nbsp;Broadridge Financial Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;655604 | &nbsp;&nbsp;&nbsp;&nbsp; 100950 |
| &nbsp;&nbsp;&nbsp;Lennox International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;179241 | &nbsp;&nbsp;&nbsp;&nbsp; 95874 |
| &nbsp;&nbsp;&nbsp;IDEX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;420232 | &nbsp;&nbsp;&nbsp;&nbsp; 91548 |
| &nbsp;&nbsp;&nbsp;HEICO Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;435606 | &nbsp;&nbsp;&nbsp;&nbsp; 91050 |
| &nbsp;&nbsp;&nbsp;Watsco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;196091 | &nbsp;&nbsp;&nbsp;&nbsp; 85857 |
| &nbsp;&nbsp;&nbsp;Nordson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;297098 | &nbsp;&nbsp;&nbsp;&nbsp; 85698 |
| &nbsp;&nbsp;&nbsp;Masco Corp. | 1141996 | &nbsp;&nbsp;&nbsp;&nbsp; 82018 |
| &nbsp;&nbsp;&nbsp;Lincoln Electric Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;308941 | &nbsp;&nbsp;&nbsp;&nbsp; 81869 |
| &nbsp;&nbsp;&nbsp;Carlisle Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;228772 | &nbsp;&nbsp;&nbsp;&nbsp; 81274 |
| &nbsp;&nbsp;&nbsp;Huntington Ingalls Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;220331 | &nbsp;&nbsp;&nbsp;&nbsp; 80264 |
| &nbsp;&nbsp;&nbsp;Graco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;930858 | &nbsp;&nbsp;&nbsp;&nbsp; 74720 |
| &nbsp;&nbsp;&nbsp;Pentair plc | &nbsp;&nbsp;&nbsp;&nbsp;918783 | &nbsp;&nbsp;&nbsp;&nbsp; 74155 |
| &nbsp;&nbsp;&nbsp;Allegion plc | &nbsp;&nbsp;&nbsp;&nbsp;483201 | &nbsp;&nbsp;&nbsp;&nbsp; 66430 |
| &nbsp;&nbsp;&nbsp;Applied Industrial Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;209437 | &nbsp;&nbsp;&nbsp;&nbsp; 64035 |
| &nbsp;&nbsp;&nbsp;HEICO Corp. | &nbsp;&nbsp;&nbsp;&nbsp;225789 | &nbsp;&nbsp;&nbsp;&nbsp; 60945 |
| &nbsp;&nbsp;&nbsp;Advanced Drainage Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;402488 | &nbsp;&nbsp;&nbsp;&nbsp; 60071 |
| &nbsp;&nbsp;&nbsp;Donaldson Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;647531 | &nbsp;&nbsp;&nbsp;&nbsp; 57093 |
| &nbsp;&nbsp;&nbsp;Owens Corning | &nbsp;&nbsp;&nbsp;&nbsp;461628 | &nbsp;&nbsp;&nbsp;&nbsp; 56937 |
| &nbsp;&nbsp;&nbsp;Ryder System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;221340 | &nbsp;&nbsp;&nbsp;&nbsp; 56169 |
| &nbsp;&nbsp;&nbsp;Oshkosh Corp. | &nbsp;&nbsp;&nbsp;&nbsp;355109 | &nbsp;&nbsp;&nbsp;&nbsp; 55504 |
| &nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;677200 | &nbsp;&nbsp;&nbsp;&nbsp; 52666 |
| &nbsp;&nbsp;&nbsp;Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;547262 | &nbsp;&nbsp;&nbsp;&nbsp; 52083 |
| &nbsp;&nbsp;&nbsp;Tetra Tech Inc. | 1464396 | &nbsp;&nbsp;&nbsp;&nbsp; 47329 |
| &nbsp;&nbsp;&nbsp;Watts Water Technologies Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;153976 | &nbsp;&nbsp;&nbsp;&nbsp; 46217 |
| &nbsp;&nbsp;&nbsp;Simpson Manufacturing Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;232887 | &nbsp;&nbsp;&nbsp;&nbsp; 44419 |
| &nbsp;&nbsp;&nbsp;Timken Co. | &nbsp;&nbsp;&nbsp;&nbsp;355806 | &nbsp;&nbsp;&nbsp;&nbsp; 39455 |
| &nbsp;&nbsp;&nbsp;GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;200407 | &nbsp;&nbsp;&nbsp;&nbsp; 39264 |
| &nbsp;&nbsp;&nbsp;A O Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;631689 | &nbsp;&nbsp;&nbsp;&nbsp; 39064 |
| &nbsp;&nbsp;&nbsp;Landstar System Inc. | &nbsp;&nbsp;&nbsp;&nbsp;191246 | &nbsp;&nbsp;&nbsp;&nbsp; 35203 |
| &nbsp;&nbsp;&nbsp;Enpro Inc. | &nbsp;&nbsp;&nbsp;&nbsp;118265 | &nbsp;&nbsp;&nbsp;&nbsp; 34480 |
| &nbsp;&nbsp;&nbsp;MSA Safety Inc. | &nbsp;&nbsp;&nbsp;&nbsp;204615 | &nbsp;&nbsp;&nbsp;&nbsp; 34046 |
| &nbsp;&nbsp;&nbsp;Matson Inc. | &nbsp;&nbsp;&nbsp;&nbsp;175141 | &nbsp;&nbsp;&nbsp;&nbsp; 30550 |
| &nbsp;&nbsp;&nbsp;UFP Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;327303 | &nbsp;&nbsp;&nbsp;&nbsp; 29290 |
| &nbsp;&nbsp;&nbsp;Mueller Water Products Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;878165 | &nbsp;&nbsp;&nbsp;&nbsp; 24492 |
| &nbsp;&nbsp;&nbsp;Franklin Electric Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;214998 | &nbsp;&nbsp;&nbsp;&nbsp; 21541 |
| &nbsp;&nbsp;&nbsp;Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;219903 | &nbsp;&nbsp;&nbsp;&nbsp; 20049 |
| &nbsp;&nbsp;&nbsp;Brady Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;244959 | &nbsp;&nbsp;&nbsp;&nbsp; 20043 |
| &nbsp;&nbsp;&nbsp;Kadant Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66153 | &nbsp;&nbsp;&nbsp;&nbsp; 19391 |
| &nbsp;&nbsp;&nbsp;Exponent Inc. | &nbsp;&nbsp;&nbsp;&nbsp;280253 | &nbsp;&nbsp;&nbsp;&nbsp; 18746 |
| &nbsp;&nbsp;&nbsp;Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68032 | &nbsp;&nbsp;&nbsp;&nbsp; 18573 |
| &nbsp;&nbsp;&nbsp;McGrath RentCorp. | &nbsp;&nbsp;&nbsp;&nbsp;138178 | &nbsp;&nbsp;&nbsp;&nbsp; 15276 |
| &nbsp;&nbsp;&nbsp;HNI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;389453 | &nbsp;&nbsp;&nbsp;&nbsp; 14231 |
| &nbsp;&nbsp;&nbsp;ABM Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;328676 | &nbsp;&nbsp;&nbsp;&nbsp; 13410 |
| &nbsp;&nbsp;&nbsp;CSG Systems International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;151713 | &nbsp;&nbsp;&nbsp;&nbsp; 12199 |
| &nbsp;&nbsp;&nbsp;Alamo Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60576 | &nbsp;&nbsp;&nbsp;&nbsp; 10506 |
| &nbsp;&nbsp;&nbsp;Worthington Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;175262 | &nbsp;&nbsp;&nbsp;&nbsp; 9511 |
| &nbsp;&nbsp;&nbsp;Gorman-Rupp Co. | &nbsp;&nbsp;&nbsp;&nbsp;116581 | &nbsp;&nbsp;&nbsp;&nbsp; 8830 |
| &nbsp;&nbsp;&nbsp;Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp;101811 | &nbsp;&nbsp;&nbsp;&nbsp; 8454 |
| &nbsp;&nbsp;&nbsp;Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58656 | &nbsp;&nbsp;&nbsp;&nbsp; 6568 |
| &nbsp;&nbsp;&nbsp;Apogee Enterprises Inc. | &nbsp;&nbsp;&nbsp;&nbsp;121119 | &nbsp;&nbsp;&nbsp;&nbsp; 4409 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **15160665** |

---

------

---

| | | |
|:---|:---|:---|
|  | **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Market<br> Value<br> ($000)** |
| **Information Technology (25.5%)** | **Information Technology (25.5%)** | **Information Technology (25.5%)** |
| &nbsp;&nbsp;&nbsp;Broadcom Inc. | 15468978 | &nbsp;&nbsp;&nbsp;&nbsp; 6457215 |
| &nbsp;&nbsp;&nbsp;Apple Inc. | 18710471 | &nbsp;&nbsp;&nbsp;&nbsp; 5077086 |
| &nbsp;&nbsp;&nbsp;Microsoft Corp. | 12122132 | &nbsp;&nbsp;&nbsp;&nbsp; 4943163 |
| &nbsp;&nbsp;&nbsp;Cisco Systems Inc. | 22183863 | &nbsp;&nbsp;&nbsp;&nbsp; 2029823 |
| &nbsp;&nbsp;&nbsp;Lam Research Corp. | 7011354 | &nbsp;&nbsp;&nbsp;&nbsp; 1807948 |
| &nbsp;&nbsp;&nbsp;Oracle Corp. | 9520809 | &nbsp;&nbsp;&nbsp;&nbsp; 1536563 |
| &nbsp;&nbsp;&nbsp;Texas Instruments Inc. | 5095549 | &nbsp;&nbsp;&nbsp;&nbsp; 1432257 |
| &nbsp;&nbsp;&nbsp;KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;735951 | &nbsp;&nbsp;&nbsp;&nbsp; 1288172 |
| &nbsp;&nbsp;&nbsp;International Business Machines Corp. | 5248212 | &nbsp;&nbsp;&nbsp;&nbsp; 1212232 |
| &nbsp;&nbsp;&nbsp;Analog Devices Inc. | 2743462 | &nbsp;&nbsp;&nbsp;&nbsp; 1103585 |
| &nbsp;&nbsp;&nbsp;QUALCOMM Inc. | 5990813 | &nbsp;&nbsp;&nbsp;&nbsp; 1075830 |
| &nbsp;&nbsp;&nbsp;Amphenol Corp. Class A | 6901594 | &nbsp;&nbsp;&nbsp;&nbsp; 1016398 |
| &nbsp;&nbsp;&nbsp;Accenture plc Class A | 3454790 | &nbsp;&nbsp;&nbsp;&nbsp; 617406 |
| &nbsp;&nbsp;&nbsp;Intuit Inc. | 1562441 | &nbsp;&nbsp;&nbsp;&nbsp; 607008 |
| &nbsp;&nbsp;&nbsp;Motorola Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;930128 | &nbsp;&nbsp;&nbsp;&nbsp; 408354 |
| &nbsp;&nbsp;&nbsp;TE Connectivity plc | 1647537 | &nbsp;&nbsp;&nbsp;&nbsp; 348718 |
| &nbsp;&nbsp;&nbsp;Microchip Technology Inc. | 3038229 | &nbsp;&nbsp;&nbsp;&nbsp; 282282 |
| &nbsp;&nbsp;&nbsp;Roper Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;598556 | &nbsp;&nbsp;&nbsp;&nbsp; 212374 |
| &nbsp;&nbsp;&nbsp;CDW Corp. | &nbsp;&nbsp;&nbsp;&nbsp;731005 | &nbsp;&nbsp;&nbsp;&nbsp; 100082 |
| &nbsp;&nbsp;&nbsp;Littelfuse Inc. | &nbsp;&nbsp;&nbsp;&nbsp;139803 | &nbsp;&nbsp;&nbsp;&nbsp; 56504 |
| &nbsp;&nbsp;&nbsp;Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;930322 | &nbsp;&nbsp;&nbsp;&nbsp; 51642 |
| &nbsp;&nbsp;&nbsp;Amdocs Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;605490 | &nbsp;&nbsp;&nbsp;&nbsp; 39157 |
| &nbsp;&nbsp;&nbsp;Avnet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;459623 | &nbsp;&nbsp;&nbsp;&nbsp; 37923 |
| &nbsp;&nbsp;&nbsp;Power Integrations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;311615 | &nbsp;&nbsp;&nbsp;&nbsp; 22658 |
| &nbsp;&nbsp;&nbsp;Dolby Laboratories Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;341979 | &nbsp;&nbsp;&nbsp;&nbsp; 21935 |
| &nbsp;&nbsp;&nbsp;Badger Meter Inc. | &nbsp;&nbsp;&nbsp;&nbsp;165498 | &nbsp;&nbsp;&nbsp;&nbsp; 20010 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **31806325** |
| **Materials (3.5%)** | **Materials (3.5%)** | **Materials (3.5%)** |
| &nbsp;&nbsp;&nbsp;Linde plc | 2621751 | &nbsp;&nbsp;&nbsp;&nbsp; 1313864 |
| &nbsp;&nbsp;&nbsp;Sherwin-Williams Co. | 1294422 | &nbsp;&nbsp;&nbsp;&nbsp; 416299 |
| &nbsp;&nbsp;&nbsp;Air Products & Chemicals Inc. | 1250122 | &nbsp;&nbsp;&nbsp;&nbsp; 375099 |
| &nbsp;&nbsp;&nbsp;Ecolab Inc. | 1431268 | &nbsp;&nbsp;&nbsp;&nbsp; 372988 |
| &nbsp;&nbsp;&nbsp;Nucor Corp. | 1284930 | &nbsp;&nbsp;&nbsp;&nbsp; 289482 |
| &nbsp;&nbsp;&nbsp;Vulcan Materials Co. | &nbsp;&nbsp;&nbsp;&nbsp;741955 | &nbsp;&nbsp;&nbsp;&nbsp; 223877 |
| &nbsp;&nbsp;&nbsp;Martin Marietta Materials Inc. | &nbsp;&nbsp;&nbsp;&nbsp;338649 | &nbsp;&nbsp;&nbsp;&nbsp; 209647 |
| &nbsp;&nbsp;&nbsp;Steel Dynamics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;770708 | &nbsp;&nbsp;&nbsp;&nbsp; 176230 |
| &nbsp;&nbsp;&nbsp;PPG Industries Inc. | 1259952 | &nbsp;&nbsp;&nbsp;&nbsp; 136705 |
| &nbsp;&nbsp;&nbsp;Albemarle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;661643 | &nbsp;&nbsp;&nbsp;&nbsp; 130145 |
| &nbsp;&nbsp;&nbsp;Reliance Inc. | &nbsp;&nbsp;&nbsp;&nbsp;293541 | &nbsp;&nbsp;&nbsp;&nbsp; 106409 |
| &nbsp;&nbsp;&nbsp;Royal Gold Inc. | &nbsp;&nbsp;&nbsp;&nbsp;454922 | &nbsp;&nbsp;&nbsp;&nbsp; 106170 |
| &nbsp;&nbsp;&nbsp;RPM International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;719057 | &nbsp;&nbsp;&nbsp;&nbsp; 73265 |
| &nbsp;&nbsp;&nbsp;Solstice Advanced Materials Inc. | &nbsp;&nbsp;&nbsp;&nbsp;891300 | &nbsp;&nbsp;&nbsp;&nbsp; 73042 |
| &nbsp;&nbsp;&nbsp;Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;434035 | &nbsp;&nbsp;&nbsp;&nbsp; 71151 |
| &nbsp;&nbsp;&nbsp;AptarGroup Inc. | &nbsp;&nbsp;&nbsp;&nbsp;361120 | &nbsp;&nbsp;&nbsp;&nbsp; 44663 |
| &nbsp;&nbsp;&nbsp;Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;181818 | &nbsp;&nbsp;&nbsp;&nbsp; 29385 |
| &nbsp;&nbsp;&nbsp;Cabot Corp. | &nbsp;&nbsp;&nbsp;&nbsp;292892 | &nbsp;&nbsp;&nbsp;&nbsp; 22541 |
| &nbsp;&nbsp;&nbsp;Westlake Corp. | &nbsp;&nbsp;&nbsp;&nbsp;187209 | &nbsp;&nbsp;&nbsp;&nbsp; 21581 |
| &nbsp;&nbsp;&nbsp;Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;116402 | &nbsp;&nbsp;&nbsp;&nbsp; 21396 |
| &nbsp;&nbsp;&nbsp;Silgan Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;492690 | &nbsp;&nbsp;&nbsp;&nbsp; 19979 |
| &nbsp;&nbsp;&nbsp;Hawkins Inc. | &nbsp;&nbsp;&nbsp;&nbsp;117340 | &nbsp;&nbsp;&nbsp;&nbsp; 19649 |
| &nbsp;&nbsp;&nbsp;Avient Corp. | &nbsp;&nbsp;&nbsp;&nbsp;514014 | &nbsp;&nbsp;&nbsp;&nbsp; 19060 |
| &nbsp;&nbsp;&nbsp;HB Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp;304910 | &nbsp;&nbsp;&nbsp;&nbsp; 18453 |
| &nbsp;&nbsp;&nbsp;Innospec Inc. | &nbsp;&nbsp;&nbsp;&nbsp;139100 | &nbsp;&nbsp;&nbsp;&nbsp; 10608 |
| &nbsp;&nbsp;&nbsp;Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76934 | &nbsp;&nbsp;&nbsp;&nbsp; 10455 |
| &nbsp;&nbsp;&nbsp;Stepan Co. | &nbsp;&nbsp;&nbsp;&nbsp;120546 | &nbsp;&nbsp;&nbsp;&nbsp; 6031 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4318174** |
| **Utilities (3.2%)** | **Utilities (3.2%)** | **Utilities (3.2%)** |
| &nbsp;&nbsp;&nbsp;NextEra Energy Inc. | 11693142 | &nbsp;&nbsp;&nbsp;&nbsp; 1144525 |
| &nbsp;&nbsp;&nbsp;American Electric Power Co. Inc. | 3036904 | &nbsp;&nbsp;&nbsp;&nbsp; 416390 |
| &nbsp;&nbsp;&nbsp;Sempra | 3664595 | &nbsp;&nbsp;&nbsp;&nbsp; 348576 |
| &nbsp;&nbsp;&nbsp;Entergy Corp. | 2539846 | &nbsp;&nbsp;&nbsp;&nbsp; 299473 |
| &nbsp;&nbsp;&nbsp;Xcel Energy Inc. | 3321441 | &nbsp;&nbsp;&nbsp;&nbsp; 275514 |
| &nbsp;&nbsp;&nbsp;Public Service Enterprise Group Inc. | 2802728 | &nbsp;&nbsp;&nbsp;&nbsp; 228871 |
| &nbsp;&nbsp;&nbsp;DTE Energy Co. | 1166137 | &nbsp;&nbsp;&nbsp;&nbsp; 176891 |
| &nbsp;&nbsp;&nbsp;Atmos Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;928984 | &nbsp;&nbsp;&nbsp;&nbsp; 176488 |
| &nbsp;&nbsp;&nbsp;Ameren Corp. | 1552050 | &nbsp;&nbsp;&nbsp;&nbsp; 176391 |
| &nbsp;&nbsp;&nbsp;American Water Works Co. Inc. | 1096146 | &nbsp;&nbsp;&nbsp;&nbsp; 140767 |
| &nbsp;&nbsp;&nbsp;CMS Energy Corp. | 1720561 | &nbsp;&nbsp;&nbsp;&nbsp; 132036 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | Shares | &nbsp;&nbsp;&nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;NiSource Inc. | 2686798 | &nbsp;&nbsp;&nbsp;&nbsp; 129719 |
|  | &nbsp;&nbsp;&nbsp;Alliant Energy Corp. | 1443081 | &nbsp;&nbsp;&nbsp;&nbsp; 105965 |
|  | &nbsp;&nbsp;&nbsp;Essential Utilities Inc. | 1588777 | &nbsp;&nbsp;&nbsp;&nbsp; 60691 |
|  | &nbsp;&nbsp;&nbsp;National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;533505 | &nbsp;&nbsp;&nbsp;&nbsp; 45017 |
|  | &nbsp;&nbsp;&nbsp;IDACORP Inc. | &nbsp;&nbsp;&nbsp;&nbsp;303378 | &nbsp;&nbsp;&nbsp;&nbsp; 44821 |
|  | &nbsp;&nbsp;&nbsp;TXNM Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;550320 | &nbsp;&nbsp;&nbsp;&nbsp; 32502 |
|  | &nbsp;&nbsp;&nbsp;Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp;235243 | &nbsp;&nbsp;&nbsp;&nbsp; 20993 |
|  | &nbsp;&nbsp;&nbsp;Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;132790 | &nbsp;&nbsp;&nbsp;&nbsp; 16748 |
|  | &nbsp;&nbsp;&nbsp;MGE Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;205159 | &nbsp;&nbsp;&nbsp;&nbsp; 16458 |
|  | &nbsp;&nbsp;&nbsp;American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;217524 | &nbsp;&nbsp;&nbsp;&nbsp; 16377 |
|  | &nbsp;&nbsp;&nbsp;California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp;334624 | &nbsp;&nbsp;&nbsp;&nbsp; 14135 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;H2O America | &nbsp;&nbsp;&nbsp;&nbsp;209849 | &nbsp;&nbsp;&nbsp;&nbsp; 11791 |
|  | &nbsp;&nbsp;&nbsp;Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;103073 | &nbsp;&nbsp;&nbsp;&nbsp; 5244 |
|  | &nbsp;&nbsp;&nbsp;York Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80984 | &nbsp;&nbsp;&nbsp;&nbsp; 2350 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; **4038733** |
| **Total Common Stocks (Cost $76,317,611)** | **Total Common Stocks (Cost $76,317,611)** | **Total Common Stocks (Cost $76,317,611)** | &nbsp;&nbsp;&nbsp;&nbsp;**123844175** |
| **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** |
| **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** |
| <sup>2,3</sup> | &nbsp;&nbsp;&nbsp;Vanguard Market Liquidity Fund, 3.685% **(Cost $714,833)** | 7149313 | &nbsp;&nbsp;&nbsp;&nbsp; **714860** |
| **Total Investments (99.9%) (Cost $77,032,444)** | **Total Investments (99.9%) (Cost $77,032,444)** | **Total Investments (99.9%) (Cost $77,032,444)** | &nbsp;&nbsp;&nbsp;&nbsp;**124559035** |
| **Other Assets and Liabilities—Net (0.1%)** | **Other Assets and Liabilities—Net (0.1%)** | **Other Assets and Liabilities—Net (0.1%)** | &nbsp;&nbsp;&nbsp;&nbsp;**97169** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** | &nbsp;&nbsp;&nbsp;&nbsp;**124656204** |
| Cost is in $000. | Cost is in $000. | Cost is in $000. | Cost is in $000. |

---

---

| | |
|:---|:---|
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $5,793. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $6,083 was received for securities on loan. |

---

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts |  |  |  |  |
| E-mini S&P 500 Index | June 2026 | 396 | 143426 | &nbsp;&nbsp;9606 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps | Over-the-Counter Total Return Swaps |
| Reference Entity | Termination<br> Date | &nbsp;&nbsp;&nbsp;Counterparty | &nbsp;&nbsp;&nbsp;Notional<br> Amount<br> ($000) | &nbsp;&nbsp;&nbsp;Floating<br> Interest Rate<br> Received<br> (Paid)<sup>1</sup><br> (%) | &nbsp;&nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> ($000) | &nbsp;&nbsp;&nbsp;Value and<br> Unrealized<br> (Depreciation)<br> ($000) |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;2/1/2027 | &nbsp;&nbsp;&nbsp;CITNA | &nbsp;&nbsp;&nbsp;30583 | &nbsp;&nbsp;&nbsp;(4.490) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(316) |
| Elevance Health Inc. | &nbsp;&nbsp;&nbsp;2/1/2027 | &nbsp;&nbsp;&nbsp;CITNA | &nbsp;&nbsp;&nbsp;9260 | &nbsp;&nbsp;&nbsp;(4.140) | &nbsp;&nbsp;&nbsp;798 | &nbsp;&nbsp;&nbsp;— |
| Goldman Sachs Group Inc. | 8/31/2027 | &nbsp;&nbsp;&nbsp;BANA | &nbsp;&nbsp;&nbsp;76129 | &nbsp;&nbsp;&nbsp;(4.455) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(1168) |
| JPMorgan Chase & Co. | 8/31/2027 | &nbsp;&nbsp;&nbsp;BANA | &nbsp;&nbsp;&nbsp;266976 | &nbsp;&nbsp;&nbsp;(4.436) | &nbsp;&nbsp;&nbsp;1272 | &nbsp;&nbsp;&nbsp;— |
| Kroger Co. | &nbsp;&nbsp;&nbsp;2/1/2027 | &nbsp;&nbsp;&nbsp;GSI | &nbsp;&nbsp;&nbsp;66630 | &nbsp;&nbsp;&nbsp;(3.640) | &nbsp;&nbsp;&nbsp;1339 | &nbsp;&nbsp;&nbsp;— |
| Raymond James Financial Inc. | &nbsp;&nbsp;&nbsp;2/1/2027 | &nbsp;&nbsp;&nbsp;CITNA | &nbsp;&nbsp;&nbsp;6266 | &nbsp;&nbsp;&nbsp;(4.140) | &nbsp;&nbsp;&nbsp;231 | &nbsp;&nbsp;&nbsp;— |
| Visa Inc. Class A | 8/31/2026 | &nbsp;&nbsp;&nbsp;BANA | &nbsp;&nbsp;&nbsp;199724 | &nbsp;&nbsp;&nbsp;(3.630) | &nbsp;&nbsp;&nbsp;12962 | &nbsp;&nbsp;&nbsp;— |
|  |  |  |  |  | &nbsp;&nbsp;&nbsp;16602 | &nbsp;&nbsp;&nbsp;(1484) |

---

---

| | |
|:---|:---|
| 1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/(paid) monthly. |
|  | BANA—Bank of America, N.A. |
|  | CITNA—Citibank, N.A. |
|  | GSI—Goldman Sachs International. |

---

At April 30, 2026, the counterparties had deposited in segregated accounts securities with a value of $12,452 in connection with open over-the-counter swap contracts.

------

**A.** 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 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 valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net
asset value.

**B.** 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. Fluctuations in the value of the contracts are recorded as an asset (liability).

**C.** Swap Contracts: The fund has entered into equity swap contracts to earn the total return on selected reference stocks or indexes 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.

Swaps are valued daily based on market quotations received from independent pricing services or recognized dealers and the change in value is recorded as an asset (liability) and as unrealized appreciation (depreciation) until periodic payments are made or the termination of the swap, at which time realized gain (loss) is recorded.

**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.).
**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 April 30, 2026, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 123844175 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;123844175 |
| Temporary Cash Investments | 714860 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;714860 |
| Total | 124559035 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;124559035 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | 9606 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;9606 |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;16602 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;16602 |
| Total | 9606 | &nbsp;&nbsp;&nbsp;16602 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;26208 |
| Liabilities |  |  |  |  |
| Swap Contracts |  | &nbsp;&nbsp;&nbsp;(1484) | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;(1484) |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VANGUARD SPECIALIZED FUNDS

- **b. Investment Company Act file number:** 811-03916

- **c. CIK number of Registrant:** 0000734383

- **d. LEI of Registrant:** 549300OM0CLBHZ9MZW59

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** VANGUARD DIVIDEND APPRECIATION INDEX FUND

- **b. EDGAR series identifier (if any):** S000011322

- **c. LEI of Series:** NZNUF7ICG82673HU4842

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $124655835138.47

**Total Liabilities:** $2526434.49

**Net Assets:** $124653308703.98

**Cash Not Reported:** $5056833.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000031350 | 1.67%                | -5.18%               | 6.31%                |
| Class ID C000135474 | 1.68%                | -5.20%               | 6.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $136713766.41            | $1711851844.08                             |
| Month 2  | $1466443141.69           | $-8108903991.44                            |
| Month 3  | $100441494.35            | $7112541473.26                             |

### Schedule of Portfolio Investments

| Name                                              | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABM Industries Inc                                | ABM INDUSTRIES                                  | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    328646 | NS      | $13408756.80   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                         | AFLAC INC                                       | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |   2618101 | NS      | $297599540.67  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                               | ABBOTT LABS                                     | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   9762385 | NS      | $886326934.15  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                        | ABBVIE INC                                      | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   9922377 | NS      | $2096796707.64 | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                     | ADVANCED DRAINAG                                | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |    402452 | NS      | $60065961.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                          | AGILENT TECH INC                                | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |   1588080 | NS      | $183502644.00  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                    | AIR PRODS & CHEM                                | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |   1250008 | NS      | $375064900.40  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                   | ALAMO GROUP                                     | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     60570 | NS      | $10505260.80   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                    | ALBEMARLE CORP                                  | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |    661583 | NS      | $130133376.10  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                               | ALLIANT ENERGY                                  | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |   1442949 | NS      | $105955745.07  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                 | ALLSTATE CORP                                   | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   1459857 | NS      | $317168531.82  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                       | AMEREN CORP                                     | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   1551908 | NS      | $176374344.20  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                    | AMERICAN ELECTRI                                | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |   3036626 | NS      | $416351790.86  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                   | AMER FINL GROUP                                 | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |    388780 | NS      | $51812710.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                          | AMER STATES WATE                                | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |    217504 | NS      | $16375876.16   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                       | AMERICAN WATER W                                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |   1096046 | NS      | $140754227.32  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                       | CENCORA INC                                     | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |   1092315 | NS      | $336443943.15  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                          | AMERIPRISE FINAN                                | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    512028 | NS      | $243105774.12  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                         | AMGEN INC                                       | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |   3023151 | NS      | $1046766033.75 | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                     | AMPHENOL CORP-A                                 | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   6900960 | NS      | $1016304379.20 | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                | ANALOG DEVICES                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   2743210 | NS      | $1103483654.60 | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                                 | ANDERSONS INC                                   | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |    188640 | NS      | $14815785.60   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                               | ELEVANCE HEALTH                                 | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |   1212418 | NS      | $456378383.56  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                            | APOGEE ENTERPR                                  | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    121107 | NS      | $4408294.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                         | APPLE INC                                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |  18708753 | NS      | $5076620126.55 | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc               | APPLIED INDU TEC                                | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    209417 | NS      | $64029247.75   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                                  | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    361086 | NS      | $44659116.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                         | ARCHER-DANIELS                                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |   2698304 | NS      | $201131580.16  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                      | ASSURANT INC                                    | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    281251 | NS      | $66451173.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                 | ATMOS ENERGY                                    | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    928898 | NS      | $176472042.04  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                     | AUTOMATIC DATA                                  | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |   2260711 | NS      | $479135089.34  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                               | AVERY DENNISON                                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    433995 | NS      | $71144800.35   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                       | AVIENT CORP                                     | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    513966 | NS      | $19057859.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                         | AVNET INC                                       | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |    459581 | NS      | $37920028.31   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                                | BOK FINL CORP                                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |    119019 | NS      | $15923552.01   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                              | BWX TECHNOLOGIES                                | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    513284 | NS      | $111069524.76  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                  | BADGER METER INC                                | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |    165482 | NS      | $20008428.62   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                      | BALCHEM CORP                                    | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |    181802 | NS      | $29382839.24   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                                    | BANCFIRST CORP                                  | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |    116759 | NS      | $13031471.99   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                              | BANK OF AMERICA                                 | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  36685526 | NS      | $1961208219.96 | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank First Corp                                   | BANK FIRST CORP                                 | CUSIP: 06211J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57380 | NS      | $8337887.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The                  | BANK NY MELLON                                  | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   3859882 | NS      | $518652344.34  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                             | BECTON DICKINSON                                | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   1598626 | NS      | $238259219.04  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                  | WR BERKLEY CORP                                 | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |   1673413 | NS      | $111834190.79  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funding Inc/DE                          | BLACKROCK INC                                   | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    810174 | NS      | $863321414.40  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                  | BOOZ ALLEN HAMIL                                | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    677138 | NS      | $52661022.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                        | BRADY CORP - A                                  | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |    244937 | NS      | $20040745.34   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc                | BROADRIDGE FINL                                 | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |    655544 | NS      | $100940665.12  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                      | BROADCOM INC                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |  15467558 | NS      | $6456622735.94 | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                 | BROWN & BROWN                                   | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |   1644093 | NS      | $98892193.95   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                                 | BROWN-FORMAN -A                                 | CUSIP: 115637100<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |    240597 | NS      | $6322889.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                                 | BROWN-FORMAN -B                                 | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |   1030642 | NS      | $26559644.34   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                 | BRUNSWICK CORP                                  | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    365234 | NS      | $29017841.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                           | CBOE GLOBAL MARK                                | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |    587741 | NS      | $176375196.69  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                       | CDW CORP/DE                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |    730937 | NS      | $100072584.67  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                         | CH ROBINSON                                     | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |    665975 | NS      | $121080914.75  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                   | CMS ENERGY CORP                                 | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   1720403 | NS      | $132023726.22  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc                           | CNO FINANCIAL GR                                | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    530942 | NS      | $23600371.90   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                     | CSG SYSTEMS INTL                                | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |    151699 | NS      | $12198116.59   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                          | CSX CORP                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |  10439723 | NS      | $474276615.89  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                        | CABOT CORP                                      | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |    292866 | NS      | $22538967.36   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                    | CALIF WATER SRVC                                | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    334594 | NS      | $14133250.56   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc                       | CAP CITY BANK                                   | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |     77535 | NS      | $3579790.95    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                               | CARDINAL HEALTH                                 | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |   1321349 | NS      | $254861795.12  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                  | CARLISLE COS INC                                | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |    228752 | NS      | $81266435.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                        | CASEY'S GENERAL                                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |    208112 | NS      | $171099280.80  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc                      | CASS INFORMATION                                | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     64210 | NS      | $3036490.90    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                   | CATERPILLAR INC                                 | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |   2612169 | NS      | $2325117748.59 | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                       | CHEMED CORP                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     79627 | NS      | $33839882.46   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                         | CHESAPEAKE UTIL                                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |    132778 | NS      | $16745961.36   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                            | CHURCH & DWIGHT                                 | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |   1328884 | NS      | $128981481.04  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                               | CHURCHILL DOWNS                                 | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    371908 | NS      | $37558988.92   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                         | CINCINNATI FIN                                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |    876094 | NS      | $143328978.40  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                 | CISCO SYSTEMS                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |  22181827 | NS      | $2029637170.50 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                       | CINTAS CORP                                     | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1908412 | NS      | $333418660.52  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                                   | CITY HOLDING CO                                 | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80950 | NS      | $9953612.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc                            | CIVISTA BANCSHAR                                | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |    116208 | NS      | $2890092.96    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                  | COCA-COLA CO/THE                                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |  21735142 | NS      | $1711859783.92 | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                       | COGNEX CORP                                     | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    930236 | NS      | $51637400.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                              | COLGATE-PALMOLIV                                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   4525892 | NS      | $386330141.12  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                           | COMFORT SYSTEMS                                 | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    197574 | NS      | $363585553.50  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                        | COMMERCE BCSHS                                  | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    769484 | NS      | $40036252.52   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc                    | COMMUNITY FINANC                                | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |    295771 | NS      | $18740050.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                          | CONSTELLATION-A                                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    788533 | NS      | $123468497.14  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                             | COSTCO WHOLESALE                                | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |   2491945 | NS      | $2528152960.85 | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                          | CULLEN/FROST                                    | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |    354773 | NS      | $51417250.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                       | CUMMINS INC                                     | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    775676 | NS      | $520486352.76  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                     | DR HORTON INC                                   | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |   1511021 | NS      | $232485691.06  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                     | DTE ENERGY CO                                   | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |   1166029 | NS      | $176874939.01  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                  | DT MIDSTREAM                                    | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    570746 | NS      | $84464700.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                      | DANAHER CORP                                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   3532197 | NS      | $632086653.15  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                         | DICK'S SPORTING                                 | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |    372809 | NS      | $84597818.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                                     | DILLARDS INC-A                                  | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     16989 | NS      | $9670478.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dolby Laboratories Inc                            | DOLBY LABORATO-A                                | CUSIP: 25659T107<br>LEI: 549300X04FB2QPCJ5J24 | Long             | EC               | CORP              | US        |    341947 | NS      | $21932480.58   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                                | DOMINO'S PIZZA                                  | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |    174539 | NS      | $59242027.38   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                  | DONALDSON CO INC                                | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |    647471 | NS      | $57087518.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                        | DOVER CORP                                      | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    757183 | NS      | $171433803.03  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                        | ECOLAB INC                                      | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |   1431136 | NS      | $372954041.60  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                               | EMERSON ELEC CO                                 | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |   3155094 | NS      | $443101401.36  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                         | ENPRO INC                                       | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |    118255 | NS      | $34477245.25   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                              | ENSIGN GROUP INC                                | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |    324010 | NS      | $60489426.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                      | ENTERGY CORP                                    | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |   2539612 | NS      | $299445650.92  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp                | ENTERPRISE FINAN                                | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    207602 | NS      | $12003547.64   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                 | ERIE INDEMNITY-A                                | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |    142692 | NS      | $31239559.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                     | CME GROUP INC                                   | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |   2024717 | NS      | $582754046.94  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                           | ESSENTIAL UTILIT                                | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |   1588631 | NS      | $60685704.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                      | EVERCORE INC                                    | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |    217296 | NS      | $69815031.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc        | EXPEDITORS INTL                                 | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |    752448 | NS      | $111279534.72  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                      | EXPONENT INC                                    | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |    280227 | NS      | $18744384.03   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                  | EXXON MOBIL CORP                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |  23461306 | NS      | $3620783354.98 | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                      | FACTSET RESEARCH                                | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |    208409 | NS      | $47429720.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                       | FASTENAL CO                                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   6446274 | NS      | $289631090.82  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                               | FIFTH THIRD BANC                                | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |   5053361 | NS      | $256508604.36  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                     | FIRST AMERICAN F                                | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |    572167 | NS      | $40126071.71   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services Inc             | FIRST BUSINESS F                                | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |     46703 | NS      | $2624708.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Community Bankshares Inc                    | FIRST COMMUNI BK                                | CUSIP: 31983A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102769 | NS      | $4380014.78    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                    | FIRST FIN BANKSH                                | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    731916 | NS      | $23618929.32   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp                              | FIRST MERCHANTS                                 | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    346818 | NS      | $14025319.92   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc                          | FIRST MID BANCSH                                | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122446 | NS      | $5153752.14    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                                   | 1ST SOURCE CORP                                 | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102656 | NS      | $7548295.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                          | FRANKLIN ELEC CO                                | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |    214978 | NS      | $21538645.82   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                      | HB FULLER CO                                    | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    304882 | NS      | $18451458.64   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                         | GATX CORP                                       | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |    200389 | NS      | $39260212.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                           | ARTHUR J GALLAGH                                | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |   1442802 | NS      | $297794332.80  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                             | GENERAL DYNAMICS                                | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |   1424790 | NS      | $490555197.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc                       | GERMAN AMER BNCP                                | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |    210548 | NS      | $9068302.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                               | GILEAD SCIENCES                                 | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   6965463 | NS      | $911361178.92  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                    | GLOBE LIFE INC                                  | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    447029 | NS      | $68976574.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                       | GOLDMAN SACHS GP                                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |   1602763 | NS      | $1480584376.51 | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The                                | GORMAN-RUPP CO                                  | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |    116571 | NS      | $8829087.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                         | GRACO INC                                       | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    930772 | NS      | $74713068.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                                | GRAHAM HOLDING-B                                | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |     19086 | NS      | $21424225.86   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                                   | WW GRAINGER INC                                 | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    245599 | NS      | $285226398.65  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                      | GRIFFON CORP                                    | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |    219883 | NS      | $20046733.11   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                          | HNI CORP                                        | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |    389417 | NS      | $14229297.18   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The                   | HANOVER INSURANC                                | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |    198904 | NS      | $37332291.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The         | HARTFORD INSURAN                                | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1566425 | NS      | $214302604.25  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                       | HAWKINS INC                                     | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |    117330 | NS      | $19646908.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                        | HEICO CORP                                      | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    225769 | NS      | $60939568.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                        | HEICO CORP-A                                    | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    435566 | NS      | $91042005.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                       | JACK HENRY                                      | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |    405255 | NS      | $62307956.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                            | HOME BANCSHARES                                 | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1027007 | NS      | $27595678.09   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Bancorp Inc                                  | HOME BANCORP INC                                | CUSIP: 43689E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38604 | NS      | $2400782.76    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                | HOME DEPOT INC                                  | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |   5589038 | NS      | $1837675694.40 | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                       | HONEYWELL INTL                                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   3564344 | NS      | $763945849.52  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp                        | HORACE MANN EDUC                                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    228822 | NS      | $10397671.68   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                | HOULIHAN LOKEY I                                | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |    305617 | NS      | $47294230.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                       | HUBBELL INC                                     | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |    298458 | NS      | $151667401.86  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                    | HUNT (JB) TRANS                                 | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    419529 | NS      | $105524129.37  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc                 | HUNTINGTON INGAL                                | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |    220311 | NS      | $80257094.19   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                           | ITT INC                                         | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |    482807 | NS      | $103484852.38  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                       | IDACORP INC                                     | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    303350 | NS      | $44816929.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                         | IDEX CORP                                       | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |    420194 | NS      | $91539262.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                           | ILLINOIS TOOL WO                                | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |   1472475 | NS      | $379913274.75  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                             | INDEP BANK/MA                                   | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    278265 | NS      | $21701887.35   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp/MI                          | INDEP BANK/MICH                                 | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115232 | NS      | $3826854.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                     | INGREDION INC                                   | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |    354074 | NS      | $39564228.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                      | INNOSPEC INC                                    | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |    139088 | NS      | $10606850.88   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                     | INTERCONT EXCH I                                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   3188904 | NS      | $504133833.36  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp                     | INTL BANCSHARES                                 | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |    303736 | NS      | $21790020.64   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp              | IBM                                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |   5247730 | NS      | $1212120675.40 | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                        | INTUIT INC                                      | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |   1562297 | NS      | $606952384.50  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                             | INVESTAR HOLDING                                | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     68060 | NS      | $1885942.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                               | JPMORGAN CHASE                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |  14280070 | NS      | $4472946326.10 | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                 | JOHNSON&JOHNSON                                 | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |  13529636 | NS      | $3109786834.60 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                          | KLA CORP                                        | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    735883 | NS      | $1288052809.05 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                        | KADANT INC                                      | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     66147 | NS      | $19389670.11   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                     | KROGER CO                                       | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |   2268817 | NS      | $154438373.19  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                         | L3HARRIS TECHNOL                                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |   1048594 | NS      | $336126806.70  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                           | LAKELAND FINL                                   | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141521 | NS      | $8564850.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                 | LAM RESEARCH                                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   7010710 | NS      | $1807781680.60 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Company/The                              | MARZETTI COMPANY                                | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    114100 | NS      | $14864948.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                               | LANDSTAR SYSTEM                                 | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |    191228 | NS      | $35199337.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc                             | LEMAITRE VASCULA                                | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |    117188 | NS      | $12861383.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                          | LENNOX INTL INC                                 | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |    179225 | NS      | $95865660.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                    | ELI LILLY & CO                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |   4448744 | NS      | $4157796142.40 | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                     | LINCOLN ELECTRIC                                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |    308913 | NS      | $81861945.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                      | LINDSAY CORP                                    | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     58650 | NS      | $6567040.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                                 | LITHIA MOTORS                                   | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |    136175 | NS      | $39507091.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                    | LITTELFUSE INC                                  | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |    139791 | NS      | $56499328.47   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                              | LOCKHEED MARTIN                                 | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |   1136704 | NS      | $588778570.88  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                    | LOWE'S COS INC                                  | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |   3149410 | NS      | $752047613.90  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                                    | MGE ENERGY INC                                  | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205141 | NS      | $16456411.02   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                    | MSA SAFETY INC                                  | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |    204597 | NS      | $34042894.83   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                          | MSCI INC                                        | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |    412074 | NS      | $243704684.34  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                          | MARKETAXESS                                     | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |    208931 | NS      | $32841863.89   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                          | MARSH & MCLENNAN                                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |   2718237 | NS      | $455875527.27  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | MARTIN MAR MTLS                                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    338617 | NS      | $209627626.19  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                        | MASCO CORP                                      | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |   1141892 | NS      | $82010683.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                    | MASTERCARD INC-A                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |   4572222 | NS      | $2299461888.24 | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                     | MATERION CORP                                   | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |    116392 | NS      | $21394013.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                        | MATSON INC                                      | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |    175125 | NS      | $30547053.75   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                             | MCCORMICK-N/V                                   | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |   1424037 | NS      | $72398041.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                   | MCDONALDS CORP                                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   3998161 | NS      | $1173820087.99 | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                                  | MCGRATH RENTCORP                                | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |    138166 | NS      | $15274251.30   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                     | MCKESSON CORP                                   | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |    686972 | NS      | $560019574.40  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp                              | MERCANTILE BANK                                 | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     96353 | NS      | $4943872.43    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                    | MERCK & CO                                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |  13934658 | NS      | $1521385960.44 | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                       | METLIFE INC                                     | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |   3090654 | NS      | $247561385.40  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                    | MICROSOFT CORP                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |  12121020 | NS      | $4942709535.60 | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                          | MICROCHIP TECH                                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |   3037951 | NS      | $282256027.41  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                                | MIDDLESEX WATER                                 | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103063 | NS      | $5243845.44    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                        | MONDELEZ INTER-A                                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   7189108 | NS      | $441698795.52  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                      | MOODY'S CORP                                    | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |    861537 | NS      | $397900863.45  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                    | MORGAN STANLEY                                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   6754960 | NS      | $1287427826.40 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                   | MORNINGSTAR INC                                 | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |    128766 | NS      | $21724111.86   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                            | MOTOROLA SOLUTIO                                | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |    930042 | NS      | $408316339.26  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc                        | MUELLER WATER-A                                 | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    878085 | NS      | $24489790.65   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                                   | NBT BANCORP INC                                 | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    293517 | NS      | $12823757.73   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                        | NASDAQ INC                                      | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |   2522299 | NS      | $231824501.09  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                       | NATIONAL-CL A                                   | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    253083 | NS      | $10806644.10   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National HealthCare Corp                          | NATL HEALTHCARE                                 | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69808 | NS      | $12097028.32   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                              | NATL FUEL GAS CO                                | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    533457 | NS      | $45013101.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet Inc                                        | NELNET INC-CL A                                 | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |     78229 | NS      | $11085049.30   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                | NEXTERA ENERGY                                  | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |  11692068 | NS      | $1144419615.84 | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                          | NIKE INC -CL B                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |   6689606 | NS      | $296750922.16  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                      | NISOURCE INC                                    | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   2686552 | NS      | $129706730.56  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                      | NORDSON CORP                                    | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |    297070 | NS      | $85689841.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc                              | NORTHRIM BANCORP                                | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |    124070 | NS      | $3043437.10    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                             | NORTHROP GRUMMAN                                | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    748967 | NS      | $434011397.16  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                        | NUCOR CORP                                      | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |   1284812 | NS      | $289455295.48  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America                           | OIL DRI CORP                                    | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |     58007 | NS      | $4231610.65    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp                   | OLD REPUB INTL                                  | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |   1278420 | NS      | $51072879.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                       | ORACLE CORP                                     | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |   9519935 | NS      | $1536422309.65 | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                      | OSHKOSH CORP                                    | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |    355077 | NS      | $55498535.10   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                                   | OTTER TAIL CORP                                 | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    235221 | NS      | $20991122.04   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                     | OWENS CORNING                                   | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    461586 | NS      | $56932017.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The              | PNC FINANCIAL SE                                | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |   2189577 | NS      | $488275671.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                   | TXNM ENERGY INC                                 | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    550270 | NS      | $32498946.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                | PPG INDS INC                                    | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1259836 | NS      | $136692206.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                       | PEPSICO INC                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |   7672667 | NS      | $1216040992.83 | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                       | PHILLIPS 66                                     | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |   2262006 | NS      | $405238374.90  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                         | POOL CORP                                       | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |    184133 | NS      | $39279251.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                            | POWER INTEGRATIO                                | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |    311587 | NS      | $22655490.77   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                     | PRIMERICA INC                                   | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |    179231 | NS      | $50412303.37   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                     | PRINCIPAL FINL                                  | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |   1110786 | NS      | $112089415.26  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                           | PROCTER & GAMBLE                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |  13047395 | NS      | $1919141330.55 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                         | PROSPERITY BNCSH                                | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    567241 | NS      | $39508335.65   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc               | PUB SERV ENTERP                                 | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |   2802470 | NS      | $228849700.20  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                              | QUAKER CHEMICAL                                 | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     76926 | NS      | $10453474.14   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                      | QUALCOMM INC                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |   5990263 | NS      | $1075731429.54 | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                             | QUEST DIAGNOSTIC                                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |    617762 | NS      | $119969380.40  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                     | RB GLOBAL INC                                   | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | US        |   1042492 | NS      | $108731915.60  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                          | RLI CORP                                        | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    515972 | NS      | $26711870.44   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                             | RPM INTL INC                                    | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    718991 | NS      | $73257992.99   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                       | RAYMOND JAMES                                   | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    944436 | NS      | $149523107.52  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc                  | REINSURANCE GROU                                | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |    369007 | NS      | $78030220.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                      | RELIANCE INC                                    | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |    293515 | NS      | $106399187.50  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Bancorp Inc/KY                           | REPUBLIC BNCRP-A                                | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53639 | NS      | $4062081.47    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                             | REPUBLIC SVCS                                   | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |   1129737 | NS      | $236363575.14  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                        | RESMED INC                                      | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |    817918 | NS      | $174879047.58  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                           | ROCKWELL AUTOMAT                                | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    630782 | NS      | $257933067.62  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                            | ROPER TECHNOLOGI                                | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |    598502 | NS      | $212354494.62  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                    | ROYAL GOLD INC                                  | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |    454880 | NS      | $106159894.40  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                                  | RYDER SYSTEM INC                                | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |    221320 | NS      | $56164376.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                    | S&P GLOBAL INC                                  | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |   1716175 | NS      | $740066145.25  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                | SEI INVESTMENTS                                 | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    523004 | NS      | $47426002.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                       | H2O AMERICA                                     | CUSIP: 784305104<br>LEI: 9845001B7F4E4U1CHD46 | Long             | EC               | CORP              | US        |    209829 | NS      | $11790291.51   | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Selective Insurance Group Inc                     | SELECT INS GRP                                  | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    337574 | NS      | $28339337.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                            | SEMPRA                                          | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   3664259 | NS      | $348544316.08  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                     | SERVICE CORP INT                                | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    781683 | NS      | $63339773.49   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc                        | SERVISFIRST BANC                                | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    282237 | NS      | $22471709.94   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                           | SHERWIN-WILLIAMS                                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |   1294304 | NS      | $416261109.44  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                                 | SHOE CARNIVAL                                   | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100130 | NS      | $1854407.60    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                               | SILGAN HOLDINGS                                 | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    492644 | NS      | $19976714.20   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                      | SIMPSON MFG                                     | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |    232865 | NS      | $44414341.45   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                    | SMITH (A.O.)CORP                                | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    631631 | NS      | $39060061.04   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                       | SNAP-ON INC                                     | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |    291421 | NS      | $111730811.40  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc                   | SOLSTICE ADV MAT                                | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |    891218 | NS      | $73035315.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc                     | SOUTHERN MISSOUR                                | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52294 | NS      | $3568542.56    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                              | SOUTHSTATE BANK                                 | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    556591 | NS      | $54362242.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                        | STANDEX INTL CO                                 | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |     68026 | NS      | $18571098.00   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                    | STARBUCKS CORP                                  | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |   6396201 | NS      | $673711851.33  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                 | STATE ST CORP                                   | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |   1567575 | NS      | $239588163.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                | STEEL DYNAMICS                                  | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    770638 | NS      | $176214085.08  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                                         | STEPAN CO                                       | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |    120534 | NS      | $6030316.02    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc                           | STOCK YARDS BANC                                | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |    153998 | NS      | $11138675.34   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                      | STRYKER CORP                                    | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |   1933690 | NS      | $609363729.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunbelt Rentals Holdings Inc                      | SUNBELT RENTALS                                 | CUSIP: 866966104<br>LEI: 529900W4BQDNMAOSRA49 | Long             | EC               | CORP              | US        |   2327962 | NS      | $178158931.86  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                        | SYSCO CORP                                      | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |   2688902 | NS      | $200887868.42  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                        | TENNANT CO                                      | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |    101801 | NS      | $8453555.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                    | TETRA TECH INC                                  | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |   1464262 | NS      | $47324947.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                             | TEXAS INSTRUMENT                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   5095081 | NS      | $1432125367.48 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                           | TEXAS PACIFIC LA                                | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325106 | NS      | $144239779.02  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                               | THOR INDUSTRIES                                 | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |    296725 | NS      | $23453144.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                     | TIMKEN CO                                       | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    355774 | NS      | $39451778.86   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc                       | TOOTSIE ROLL IND                                | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |    114198 | NS      | $4821439.56    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                       | TORO CO                                         | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    547212 | NS      | $52078166.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                          | TOWNE BANK                                      | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |    481788 | NS      | $17132381.28   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                 | TRACTOR SUPPLY                                  | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |   2967017 | NS      | $104142296.70  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                             | TRAVELERS COS IN                                | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |   1212757 | NS      | $370060670.98  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                                  | TRICO BANCSHARES                                | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182334 | NS      | $9165930.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                   | TYSON FOODS-A                                   | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |   1584088 | NS      | $101492518.16  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                | UMB FINANCIAL                                   | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    400881 | NS      | $50579155.77   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                | UFP INDUSTRIES I                                | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    327273 | NS      | $29287660.77   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                | UNION PAC CORP                                  | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   3331385 | NS      | $897741629.80  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA                     | UNITED COMMUNITY                                | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |    676881 | NS      | $22560443.73   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                            | UNITEDHEALTH GRP                                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   5085547 | NS      | $1884093452.56 | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp Inc                                 | UNITY BANCORP                                   | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |     36983 | NS      | $1933471.24    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                        | UNUM GROUP                                      | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |    854957 | NS      | $68721443.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                      | VERALTO CORP                                    | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |   1394068 | NS      | $122956797.60  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                          | VISA INC-CLASS A                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   8792967 | NS      | $2900272235.28 | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                               | VULCAN MATERIALS                                | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |    741887 | NS      | $223856983.38  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                          | WD-40 CO                                        | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |     75704 | NS      | $15894811.84   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                       | WALMART INC                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |  24610057 | NS      | $3246804820.01 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                              | WASTE MANAGEMENT                                | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |   2083305 | NS      | $484472577.75  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                        | WATSCO INC                                      | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |    196073 | NS      | $85848602.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                      | WATTS WATER TE-A                                | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |    153962 | NS      | $46213233.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc                  | WEST PHARMACEUT                                 | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |    403927 | NS      | $120204635.93  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                               | WESTAMERICA BANC                                | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |    138090 | NS      | $7570093.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                     | WESTLAKE CORP                                   | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |    187191 | NS      | $21579378.48   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                               | WILLIAMS-SONOMA                                 | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    669544 | NS      | $121328068.24  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                           | WINTRUST FINL                                   | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |    375987 | NS      | $56612362.59   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                       | WORTHINGTON ENTE                                | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |    175246 | NS      | $9510600.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                   | XCEL ENERGY INC                                 | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   3321137 | NS      | $275488314.15  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                      | XYLEM INC                                       | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |   1367641 | NS      | $161600460.56  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co/The                                 | YORK WATER CO                                   | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80976 | NS      | $2349923.52    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                  | ZIONS BANCORP NA                                | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |    828833 | NS      | $52564588.86   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                        | ZOETIS INC                                      | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |   2367471 | NS      | $272188140.87  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund                  | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        | 703090853 | NS      | $703020544.01  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | S&P500 EMINI FUT  Jun26                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       393 | NC      | $9604952.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                      | ALLEGION PLC                                    | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | US        |    483157 | NS      | $66424424.36   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                        | AMDOCS LTD                                      | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |    605434 | NS      | $39153416.78   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                           | AON PLC-CLASS A                                 | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | US        |   1204366 | NS      | $375340663.90  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                              | ASSURED GUARANTY                                | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |    243398 | NS      | $19934296.20   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                     | ACCENTURE PLC-A                                 | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | US        |   3454472 | NS      | $617348691.12  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                    | EATON CORP PLC                                  | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |   2180518 | NS      | $944186099.18  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                         | LINDE PLC                                       | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |   2621511 | NS      | $1313744022.54 | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                     | MEDTRONIC PLC                                   | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |   7197518 | NS      | $582783032.46  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                        | RENAISSANCERE                                   | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | US        |    244213 | NS      | $74966064.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                       | PENTAIR PLC                                     | CUSIP: G7S00T104<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | US        |    918699 | NS      | $74148196.29   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                        | STERIS PLC                                      | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    550664 | NS      | $119428008.32  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                               | TE CONNECTIVITY                                 | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | US        |   1647385 | NS      | $348685509.10  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                         | CHUBB LTD                                       | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |   2042212 | NS      | $667803324.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund                  | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     63332 | NS      | $6332610.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | TRS:BANK OF AMERICA CORP USD 2027-Jan-29        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    566876 | NC      | $-277769.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:KROGER CO USD 2027-Jan-29                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |   1000000 | NC      | $1440000.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:VISA INC-CLASS A SHARES USD 2026-Aug-31     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    645000 | NC      | $13022550.00   | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:GOLDMAN SACHS GROUP INC USD 2027-Aug-31     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     81177 | NC      | $-1139725.08   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:JPMORGAN CHASE & CO USD 2027-Aug-31         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |    856710 | NC      | $1370736.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:RAYMOND JAMES FINANCIAL INC USD 2027-Jan-29 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     41079 | NC      | $237350.13     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                               | TRS:ELEVANCE HEALTH INC USD 2027-Jan-29         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |     26740 | NC      | $805676.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-25

**Name of Applicant:** VANGUARD SPECIALIZED FUNDS

**Signature:** My Trieu-Gatt

**Name of Signer:** My Trieu-Gatt

**Title:** Treasurer