UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM N-CSRS
Investment Company Act file number 811-07507
DWS Investments VIT Funds
(Exact Name of Registrant as Specified in Charter)
Two International Place
Boston, MA 02110
(Address of principal executive offices) (Zip code)
Registrant’s Telephone Number, including Area Code: (212) 454-7190
Paul Schubert
345 Park Avenue
New York, NY 10154
(Name and Address of Agent for Service)
Date of fiscal year end: | 12/31 |
Date of reporting period: | 06/30/06 |
ITEM 1. REPORT TO STOCKHOLDERS
JUNE 30, 2006
SEMIANNUAL REPORT
DWS INVESTMENTS VIT FUNDS
DWS Small Cap Index VIP
Contents
Click Here Performance Summary
Click Here Information About Your Portfolio's Expenses
Click Here Management Summary
Click Here Portfolio Summary
Click Here Investment Portfolio
Click Here Financial Statements
Click Here Financial Highlights
Click Here Notes to Financial Statements
Click Here Other Information
Click Here Proxy Voting
Click Here Shareholder Meeting Results
This report must be preceded or accompanied by a prospectus. To obtain an additional prospectus, call (800) 778-1482 or your financial representative. We advise you to consider the portfolio's objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information about the portfolio. Please read the prospectus carefully before you invest.The portfolio is subject to investment risks, including possible loss of principal amount invested. There is no guarantee that the portfolio will be able to mirror the Russell 2000® Index closely enough to track its performance for several reasons, including the portfolio's cost to buy and sell securities, the flow of money into and out of the portfolio, and the potential underperformance of stocks selected. Stocks of small companies involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more erratic and abrupt market movements. All of these factors may result in greater share price volatility. Please read the prospectus for specific details regarding its investments and risk profile.Russell 2000 is a trademark of the Frank Russell Company and has been licensed for use by the portfolio's investment advisor.DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management, Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company.NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Performance Summary June 30, 2006
All performance shown is historical, assumes reinvestment of all dividend and capital gain distributions, and does not guarantee future results. Investment return and principal value fluctuate with changing market conditions so that, when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the Portfolio's most recent month-end performance call 1-800-621-1048. Performance figures for Classes A and B differ because each class maintains a distinct expense structure. Performance doesn't reflect charges and fees ("contract charges") associated with the separate account that invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option. These charges and fees will reduce returns.
Portfolio returns shown for all periods reflect a fee waiver and/or expense reimbursement. Without this waiver/reimbursement, returns would have been lower.
Growth of an Assumed $10,000 Investment | ||
[] DWS Small Cap Index VIP — Class A [] Russell 2000 Index | Russell 2000 Index is an unmanaged, capitalization-weighted measure of approximately 2,000 small US stocks. Index returns assume reinvestment of dividends and, unlike Portfolio returns, do not reflect any fees or expenses. It is not possible to invest directly into an index. | |
| ||
Yearly periods ended June 30 |
|
Comparative Results (as of June 30, 2006) | ||||||
DWS Small Cap Index VIP | 6-Month* | 1-Year | 3-Year | 5-Year | Life of Portfolio* | |
Class A | Growth of $10,000 | $10,772 | $11,398 | $16,485 | $14,767 | $18,643 |
Average annual total return | 7.72% | 13.98% | 18.13% | 8.11% | 7.29% | |
Russell 2000 Index | Growth of $10,000 | $10,821 | $11,458 | $16,724 | $15,036 | $19,097 |
Average annual total return | 8.21% | 14.58% | 18.70% | 8.50% | 7.60% | |
DWS Small Cap Index VIP |
| 6-Month* | 1-Year | 3-Year | Life of Class** | |
Class B | Growth of $10,000 |
| $10,759 | $11,367 | $16,370 | $14,542 |
Average annual total return |
| 7.59% | 13.67% | 17.85% | 9.40% | |
Russell 2000 Index | Growth of $10,000 |
| $10,821 | $11,458 | $16,724 | $14,940 |
Average annual total return |
| 8.21% | 14.58% | 18.70% | 10.11% |
The growth of $10,000 is cumulative.
* The Portfolio commenced operations on August 22, 1997. Index returns began on August 31, 1997.
** The Portfolio commenced offering Class B shares on April 30, 2002. Index returns began on April 30, 2002.
* Total returns shown for periods less than one year are not annualized.
Information concerning portfolio holdings of the Portfolio as of a month end will be posted to www.dws-scudder.com on or after the last day of the following month.
Information About Your Portfolio's Expenses
As an investor of the Portfolio, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Portfolio expenses. Examples of transaction costs include contract charges, redemption fees and account maintenance fees, which are not shown in this section. The following tables are intended to help you understand your ongoing expenses (in dollars) of investing in the Portfolio and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. In the most recent six-month period, the Portfolio limited these expenses; had it not done so, expenses would have been higher. The example in the table is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (January 1, 2006 to June 30, 2006).
The tables illustrate your Portfolio's expenses in two ways:
Actual Portfolio Return. This helps you estimate the actual dollar amount of ongoing expenses (but not transaction costs) paid on a $1,000 investment in the Portfolio using the Portfolio's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.
Hypothetical 5% Portfolio Return. This helps you to compare your Portfolio's ongoing expenses (but not transaction costs) with those of other mutual funds using the Portfolio's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical Portfolio return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expense of owning different funds. If these transaction costs had been included, your costs would have been higher.
Expenses and Value of a $1,000 Investment for the six months ended June 30, 2006 | ||||
Actual Portfolio Return | Class A |
| Class B |
|
Beginning Account Value 1/1/06 | $ 1,000.00 |
| $ 1,000.00 |
|
Ending Account Value 6/30/06 | $ 1,077.20 |
| $ 1,075.90 |
|
Expenses Paid per $1,000* | $ 2.32 |
| $ 3.60 |
|
Hypothetical 5% Portfolio Return | Class A |
| Class B |
|
Beginning Account Value 1/1/06 | $ 1,000.00 |
| $ 1,000.00 |
|
Ending Account Value 6/30/06 | $ 1,022.56 |
| $ 1,021.32 |
|
Expenses Paid per $1,000* | $ 2.26 |
| $ 3.51 |
|
* Expenses are equal to the Portfolio's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by 365.
Annualized Expense Ratios | Class A |
| Class B |
|
DWS Small Cap Index VIP | .45% |
| .70% |
|
For more information, please refer to the Portfolio's prospectus.
These tables do not reflect charges and fees ("contract charges") associated with the separate account that invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option.
Management Summary June 30, 2006
DWS Small Cap Index VIP provided a total return of 7.72% for the semiannual period ended June 30, 2006. (Class A shares, unadjusted for contract charges.) Small capitalization stocks, as represented by the Russell 2000 Index, the Portfolio's benchmark, returned 8.21% year to date ending June 30, 2006. Small capitalization stocks outperformed both mid-cap stocks, as measured by the S&P Midcap 400 Index, which returned 4.24%; and large capitalization stocks, as represented by the Standard & Poor's 500 (S&P 500) Index, which returned 2.71% year to date.
As of June 30, 2006, the market capitalization of companies in the Russell 2000 Index ranged from $83 million to $2.3 billion. The median company size was $604 million while the average company size was $1.07 billion. The total market capitalization of the Russell 2000 was approximately 9.0% of the Russell 3000 market capitalization.
All sectors in the Russell 2000 Index posted positive returns year to date. The highest performers were materials and telecommunication services, returning 22.06% and 18.66%, respectively. Health care was the worst performing sector with a return of 0.49%. The Portfolio's largest sector position, financials, with a weight of 20.52% in the index, returned 8.10% for the first half of 2006.
As result of the annual Russell reconstitution, which was effective June 30, 2006, 228 companies were added to the Russell 2000 index while 179 companies were removed from the index.
Chad M. Rakvin
Vice President
Northern Trust Investments, N.A. (NTI), Subadvisor to the Portfolio
All performance shown is historical, assumes reinvestment of all dividend and capital gain distributions, and does not guarantee future results. Investment return and principal value fluctuate with changing market conditions so that, when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the Portfolio's most recent month-end performance call 1-800-621-1048. Performance figures for Classes A and B differ because each class maintains a distinct expense structure. Performance doesn't reflect charges and fees ("contract charges") associated with the separate account that invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option. These charges and fees will reduce returns.
Risk Considerations
The Portfolio is subject to investment risks, including possible loss of principal amount invested. There is no guarantee that the portfolio will be able to mirror the Russell 2000 Index closely enough to track its performance for several reasons, including the Portfolio's cost to buy and sell securities, the flow of money into and out of the Portfolio, and the potential underperformance of stocks selected. Stocks of small companies involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more erratic and abrupt market movements. All of these factors may result in greater share price volatility. Please read the prospectus for specific details regarding its investments and risk profile.
Russell 2000 is a trademark of the Frank Russell Company and has been licensed for use by the Portfolio's investment advisor. The Russell 2000 Index is an unmanaged index that tracks the common stock price movement of approximately 2,000 of the smallest companies of the Russell 3000 Index, which measures the performance of the 3,000 largest US companies based on market capitalization.
The S&P MidCap 400 is a market-value weighted index. The companies chosen for the Index generally have market values of between $1 billion and $4 billion. Companies selected for the Index represent a broad range of industry segments within the US economy.
The Standard & Poor's 500 (S&P 500) Index is an unmanaged capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
Index returns assume reinvested dividends and, unlike portfolio returns, do not reflect any fees or expenses. It is not possible to invest directly into an index.
Portfolio management market commentary is as of June 30, 2006, and may not come to pass. This information is subject to change at any time based on market and other conditions and should not be construed as a recommendation.
Asset Allocation (Excludes Securities Lending) | 6/30/06 | 12/31/05 |
|
|
|
Common Stocks | 98% | 96% |
Cash Equivalents | 2% | 4% |
| 100% | 100% |
Sector Diversification (Excludes Cash Equivalents and Securities Lending) | 6/30/06 | 12/31/05 |
|
|
|
Financials | 22% | 22% |
Information Technology | 19% | 19% |
Consumer Discretionary | 16% | 14% |
Industrials | 14% | 16% |
Health Care | 12% | 12% |
Energy | 6% | 6% |
Materials | 4% | 5% |
Consumer Staples | 3% | 3% |
Utilities | 3% | 2% |
Telecommunication Services | 1% | 1% |
| 100% | 100% |
Ten Largest Equity Holdings (1.8% of Net Assets) | |
1. Herman Miller, Inc. Provides a variety of office furniture products | 0.2% |
2. Hansen Natural Corp. Distributor of beverages | 0.2% |
3. Sonic Corp. Operator of drive-in restaurants | 0.2% |
4. FirstMerit Corp. Provides multiple banking services | 0.2% |
5. Maverick Tube Corp. Manufacturer of steel tubular products for oil and gas wells | 0.2% |
6. Westar Energy, Inc. Provider of electricity services | 0.2% |
7. Hologic, Inc. Manufactures and markets X-ray systems | 0.2% |
8. Alexandria Real Estate Equities, Inc. Acquirer, manager and developer of office and laboratory space | 0.2% |
9. PNM Resources, Inc. Provider of electricity | 0.1% |
10. Highwoods Properties, Inc. Manager and leaser of suburban offices | 0.1% |
Asset allocation, sector diversification and holdings are subject to change.
For more complete details about the Portfolio's investment portfolio, see page 7. A quarterly fact sheet is available upon request. Information concerning portfolio holdings of the Portfolio as of month end will be posted to www.dws-scudder.com on or after the last day of the following month. In addition, the Portfolio's top ten holdings and other information about the Portfolio is posted on www.dws-scudder.com as of the calendar quarter-end on or after the 15th day following quarter-end.
Following the Portfolio's fiscal first and third quarter-end, a complete portfolio holdings listing is filed with the SEC on Form N-Q. The form will be available on the SEC's Web site at www.sec.gov, and it also may be reviewed and copied at the SEC's Public Reference Room in Washington, D.C. Information on the operation of the SEC's Public Reference Room may be obtained by calling (800) SEC-0330.
Investment Portfolio June 30, 2006 (Unaudited)
|
| Value ($) |
|
| |
Common Stocks 95.7% | ||
Consumer Discretionary 14.8% | ||
Auto Components 0.8% | ||
Aftermarket Technology Corp.* | 10,200 | 253,470 |
American Axle & Manufacturing Holdings, Inc. | 19,500 | 333,645 |
ArvinMeritor, Inc. | 27,000 | 464,130 |
Bandag, Inc. | 4,200 | 153,678 |
Cooper Tire & Rubber Co. (a) | 24,800 | 276,272 |
Drew Industries, Inc.* | 7,100 | 230,040 |
GenTek, Inc.* | 3,300 | 88,555 |
IMPCO Technologies, Inc.* | 10,500 | 111,971 |
Lear Corp. | 26,500 | 588,228 |
LKQ Corp.* | 16,800 | 319,200 |
Modine Manufacturing Co. | 13,306 | 310,828 |
Noble International Ltd. | 4,550 | 65,156 |
Quantum Fuel Systems Technologies Worldwide, Inc.* (a) | 24,400 | 82,960 |
Raser Technologies, Inc.* | 6,500 | 62,624 |
Sauer-Danfoss, Inc. | 3,188 | 81,039 |
Superior Industries International, Inc. (a) | 11,300 | 206,677 |
Tenneco, Inc.* | 18,600 | 483,600 |
Visteon Corp.* | 49,000 | 353,290 |
| 4,465,363 | |
Automobiles 0.1% | ||
Fleetwood Enterprises, Inc.* | 23,177 | 174,755 |
Monaco Coach Corp. | 12,975 | 164,782 |
Winnebago Industries, Inc. | 12,294 | 381,606 |
| 721,143 | |
Distributors 0.2% | ||
Audiovox Corp. "A"* | 8,100 | 110,646 |
Building Materials Holding Corp. (a) | 11,000 | 306,570 |
Core-Mark Holding Co., Inc.* | 3,400 | 121,650 |
DXP Enterprises, Inc.* | 1,200 | 37,263 |
Keystone Automotive Industries, Inc.* | 6,800 | 287,096 |
Source Interlink Companies, Inc.* (a) | 16,400 | 195,160 |
| 1,058,385 | |
Diversified Consumer Services 1.1% | ||
Alderwoods Group, Inc.* | 18,300 | 356,118 |
Bright Horizons Family Solutions, Inc.* | 12,100 | 456,049 |
Coinmach Service Corp. "A" | 8,000 | 82,000 |
Corinthian Colleges, Inc.* | 37,200 | 534,192 |
DeVry, Inc.* | 24,700 | 542,659 |
Educate, Inc.* | 4,851 | 37,159 |
Home Solutions of America, Inc.* | 17,000 | 104,831 |
INVESTools, Inc.* | 16,600 | 131,729 |
Jackson Hewitt Tax Service, Inc. | 14,000 | 438,900 |
Matthews International Corp. "A" | 14,100 | 486,027 |
Pre-Paid Legal Services, Inc. (a) | 3,578 | 123,441 |
Regis Corp. | 19,600 | 697,956 |
Sotheby's Holdings, Inc. "A"* | 23,583 | 619,054 |
Stewart Enterprises, Inc. "A" | 36,600 | 210,450 |
Strayer Education, Inc. | 6,260 | 607,971 |
Universal Technical Institute, Inc.* | 9,300 | 204,786 |
|
| Value ($) |
|
| |
Vertrue, Inc.* | 3,572 | 153,703 |
| 5,787,025 | |
Hotels Restaurants & Leisure 3.2% | ||
AFC Enterprises, Inc.* (a) | 12,300 | 156,825 |
Ambassadors Group, Inc. | 7,400 | 213,712 |
Ambassadors International, Inc. | 2,000 | 46,473 |
Ameristar Casinos, Inc. | 9,700 | 188,665 |
Applebee's International, Inc. | 28,300 | 543,615 |
Aztar Corp.* | 14,160 | 735,754 |
Bally Technologies, Inc.* | 19,800 | 326,106 |
Bally Total Fitness Holding Corp.* | 16,500 | 111,806 |
BJ's Restaurants, Inc.* | 4,400 | 98,296 |
Bluegreen Corp.* | 10,700 | 122,622 |
Bob Evans Farms, Inc. | 16,142 | 484,421 |
Buffalo Wild Wings, Inc.* | 3,700 | 141,747 |
California Pizza Kitchen, Inc.* | 9,500 | 261,060 |
CBRL Group, Inc. | 11,600 | 393,248 |
CEC Entertainment, Inc.* | 12,750 | 409,530 |
Century Casinos, Inc.* | 6,100 | 65,294 |
Chipotle Mexican Grill, Inc. "A"* | 3,200 | 195,040 |
Churchill Downs, Inc. | 2,719 | 101,827 |
CKE Restaurants, Inc. (a) | 22,600 | 375,386 |
Cosi, Inc.* | 17,000 | 105,849 |
Denny's Corp.* | 44,100 | 162,729 |
Domino's Pizza, Inc. | 13,900 | 343,886 |
Dover Downs Gaming & Entertainment, Inc. | 7,260 | 142,586 |
Dover Motorsports, Inc. | 3,000 | 17,610 |
Gaylord Entertainment Co.* | 15,600 | 680,784 |
Great Wolf Resorts, Inc.* | 13,856 | 166,411 |
IHOP Corp. | 7,000 | 336,560 |
Isle of Capri Casinos, Inc.* | 7,311 | 187,527 |
Jack in the Box, Inc.* | 13,398 | 525,202 |
Krispy Kreme Doughnuts, Inc.* (a) | 25,100 | 204,314 |
Landry's Restaurants, Inc. | 6,800 | 220,660 |
LIFE TIME FITNESS, Inc.* | 13,100 | 606,137 |
Lodgian, Inc.* | 7,274 | 103,655 |
Lone Star Steakhouse & Saloon, Inc. | 8,800 | 230,824 |
Luby's, Inc.* | 10,500 | 109,515 |
Magna Entertainment Corp. "A"* (a) | 17,400 | 91,524 |
Marcus Corp. | 7,150 | 149,292 |
McCormick & Schmick's Seafood Restaurants, Inc.* | 3,735 | 88,893 |
Monarch Casino & Resort, Inc.* | 5,600 | 157,472 |
Morgans Hotel Group Co.* | 9,600 | 149,376 |
Morton's Restaurant Group, Inc.* | 6,200 | 94,984 |
MTR Gaming Group, Inc.* | 10,700 | 100,366 |
Multimedia Games, Inc.* | 13,800 | 139,794 |
Navigant International, Inc.* | 7,700 | 123,361 |
O'Charley's, Inc.* | 11,700 | 198,900 |
P.F. Chang's China Bistro, Inc.* | 9,972 | 379,135 |
Papa John's International, Inc.* | 10,312 | 342,358 |
Pinnacle Entertainment, Inc.* | 18,600 | 570,090 |
Progressive Gaming International Corp.* (a) | 16,272 | 126,922 |
RARE Hospitality International, Inc.* | 15,275 | 439,309 |
Red Robin Gourmet Burgers, Inc.* | 6,100 | 259,616 |
Riviera Holdings Corp.* | 4,900 | 98,980 |
Ruby Tuesday, Inc. | 22,521 | 549,738 |
|
| Value ($) |
|
| |
Ruth's Chris Steak House, Inc.* | 8,000 | 163,360 |
Ryan's Restaurant Group, Inc.* | 16,850 | 200,683 |
Shuffle Master, Inc.* (a) | 14,425 | 472,851 |
Six Flags, Inc.* (a) | 28,800 | 161,856 |
Sonic Corp.* | 45,680 | 949,362 |
Speedway Motorsports, Inc. | 6,854 | 258,670 |
Texas Roadhouse, Inc. "A"* | 19,100 | 258,232 |
The Steak n Shake Co.* | 12,075 | 182,815 |
Triarc Companies, Inc. "B" | 22,400 | 350,112 |
Trump Entertainment Resorts, Inc.* | 12,000 | 241,662 |
Vail Resorts, Inc.* | 12,700 | 471,170 |
WMS Industries, Inc.* | 10,100 | 276,639 |
| 17,163,198 | |
Household Durables 1.3% | ||
American Greetings Corp. "A" | 20,300 | 426,503 |
Avatar Holdings, Inc.* (a) | 2,300 | 131,031 |
Blount International, Inc.* | 13,600 | 163,472 |
Blyth, Inc. | 10,500 | 193,830 |
Brookfield Homes Corp. (a) | 5,784 | 190,583 |
California Coastal Communities, Inc.* | 3,160 | 101,120 |
Cavco Industries, Inc.* | 2,000 | 88,829 |
Champion Enterprises, Inc.* | 29,100 | 321,264 |
CSS Industries, Inc. | 1,650 | 47,438 |
Directed Electronics, Inc.* | 5,300 | 69,496 |
Ethan Allen Interiors, Inc. | 12,600 | 460,530 |
Furniture Brands International, Inc. (a) | 18,200 | 379,288 |
Hooker Furniture Corp. | 3,600 | 60,372 |
Hovnanian Enterprises, Inc. "A"* | 19,600 | 589,233 |
Interface, Inc. "A"* | 21,641 | 247,789 |
iRobot Corp.* (a) | 5,400 | 134,352 |
Kimball International, Inc. "B" | 8,100 | 159,651 |
La-Z-Boy, Inc. (a) | 19,600 | 274,400 |
Levitt Corp. "A" | 8,025 | 128,400 |
Lifetime Brands, Inc. | 4,200 | 91,014 |
M/I Homes, Inc. | 5,600 | 196,448 |
Meritage Homes Corp.* | 8,700 | 410,841 |
National Presto Industries, Inc. | 1,400 | 73,192 |
Orleans Homebuilders, Inc. | 1,400 | 22,750 |
Palm Harbor Homes, Inc.* (a) | 4,450 | 78,276 |
Russ Berrie & Co., Inc.* | 4,400 | 53,944 |
Sealy Corp.* | 8,500 | 112,730 |
Skyline Corp. | 1,900 | 81,282 |
Stanley Furniture Co., Inc. | 6,300 | 151,011 |
Tarragon Corp. (a) | 5,150 | 71,328 |
Technical Olympic USA, Inc. | 5,725 | 82,211 |
Tempur-Pedic International, Inc.* | 18,900 | 255,193 |
Tupperware Brands Corp. | 22,590 | 444,797 |
Universal Electronics, Inc.* | 3,941 | 69,795 |
WCI Communities, Inc.* (a) | 12,000 | 241,680 |
Yankee Candle Co., Inc. | 17,348 | 433,874 |
| 7,037,947 | |
Internet & Catalog Retail 0.4% | ||
1-800 FLOWERS.COM, Inc. "A"* | 12,600 | 72,702 |
Audible, Inc.* (a) | 11,800 | 107,262 |
Blue Nile, Inc.* (a) | 6,500 | 209,040 |
dELiA*s, Inc.* | 11,091 | 89,615 |
drugstore.com, Inc.* | 27,200 | 78,880 |
FTD Group, Inc.* | 7,610 | 102,735 |
Gaiam, Inc. "A"* | 8,100 | 113,497 |
GSI Commerce, Inc.* | 14,600 | 197,538 |
|
| Value ($) |
|
| |
Netflix, Inc.* (a) | 15,200 | 413,592 |
Overstock.com, Inc.* (a) | 5,200 | 110,552 |
PetMed Express, Inc.* | 8,800 | 96,480 |
Priceline.com, Inc.* (a) | 9,716 | 290,120 |
Sportsman's Guide, Inc.* | 3,700 | 112,786 |
Stamps.com, Inc.* | 7,900 | 219,778 |
Systemax, Inc.* | 2,700 | 21,060 |
ValueVision Media, Inc. "A"* | 11,000 | 121,330 |
| 2,356,967 | |
Leisure Equipment & Products 0.6% | ||
Arctic Cat, Inc. | 6,200 | 120,962 |
Callaway Golf Co. | 28,700 | 372,813 |
JAKKS Pacific, Inc.* | 11,900 | 239,071 |
K2, Inc.* | 16,800 | 183,792 |
Leapfrog Enterprises, Inc.* (a) | 12,000 | 121,200 |
Marine Products Corp. | 4,550 | 44,271 |
MarineMax, Inc.* | 7,200 | 188,856 |
Marvel Entertainment, Inc.* | 17,700 | 354,000 |
Nautilus, Inc. (a) | 14,675 | 230,544 |
Oakley, Inc. | 8,488 | 143,023 |
Polaris Industries, Inc. | 16,100 | 696,732 |
RC2 Corp.* | 7,719 | 298,417 |
Smith & Wesson Holding Corp.* | 13,900 | 114,193 |
Steinway Musical Instruments, Inc.* | 2,100 | 51,492 |
| 3,159,366 | |
Media 2.0% | ||
ADVO, Inc. | 12,450 | 306,394 |
Arbitron, Inc. | 12,200 | 467,626 |
Belo Corp. "A" | 34,500 | 537,893 |
Carmike Cinemas, Inc. (a) | 6,500 | 137,020 |
Catalina Marketing Corp. | 19,000 | 540,740 |
Charter Communications, Inc. "A"* | 178,400 | 201,592 |
Citadel Broadcasting Corp. | 18,900 | 168,210 |
CKX, Inc.* | 19,100 | 259,040 |
Courier Corp. | 3,150 | 126,063 |
Cox Radio, Inc. "A"* | 15,800 | 227,836 |
Crown Media Holdings, Inc.* | 6,100 | 25,132 |
Cumulus Media, Inc. "A"* (a) | 18,800 | 200,596 |
Emmis Communications Corp. "A"* | 14,194 | 221,994 |
Entercom Communications Corp. | 12,900 | 337,464 |
Entravision Communications Corp. "A"* | 24,500 | 209,965 |
Fisher Communications, Inc.* | 2,200 | 92,686 |
Gemstar-TV Guide International, Inc.* | 93,500 | 329,120 |
Gray Television, Inc. | 15,200 | 88,008 |
Harris Interactive, Inc.* | 23,100 | 131,670 |
Hollinger International, Inc. | 33,800 | 271,414 |
Interactive Data Corp. | 13,000 | 261,020 |
Journal Communications, Inc. "A" | 15,000 | 168,600 |
Journal Register Co. | 18,803 | 168,475 |
Lakes Entertainment, Inc.* | 7,800 | 94,302 |
Lee Enterprises, Inc. | 17,000 | 457,888 |
Lin TV Corp. "A"* | 12,100 | 91,355 |
Live Nation, Inc.* | 33,285 | 677,456 |
LodgeNet Entertainment Corp.* | 7,854 | 146,477 |
Martha Stewart Living Omnimedia, Inc. "A"* (a) | 10,622 | 177,494 |
Media General, Inc. "A" | 8,200 | 343,498 |
Mediacom Communications Corp. "A"* | 28,100 | 175,063 |
|
| Value ($) |
|
| |
Morningstar, Inc.* | 6,400 | 265,472 |
Outdoor Channel Holdings, Inc.* | 3,437 | 35,470 |
Playboy Enterprises, Inc. "B"* | 11,060 | 110,379 |
PRIMEDIA, Inc.* | 72,300 | 132,309 |
ProQuest Co.* | 11,900 | 146,251 |
Radio One, Inc. "D"* | 34,600 | 256,040 |
RCN Corp.* | 10,400 | 259,272 |
Reader's Digest Association, Inc. | 42,600 | 594,696 |
Salem Communications Corp. "A"* | 3,018 | 39,264 |
Scholastic Corp.* | 15,900 | 412,923 |
Sinclair Broadcast Group, Inc. "A" | 22,218 | 190,186 |
Spanish Broadcasting System, Inc. "A"* | 16,969 | 86,712 |
TiVo, Inc.* (a) | 28,800 | 205,920 |
Valassis Communications, Inc.* | 19,500 | 460,005 |
Value Line, Inc. | 400 | 17,080 |
Westwood One, Inc. | 26,000 | 194,888 |
World Wrestling Entertainment, Inc. | 7,822 | 132,114 |
| 11,181,072 | |
Multiline Retail 0.3% | ||
99 Cents Only Stores* | 17,100 | 178,866 |
Big Lots, Inc.* | 44,200 | 754,936 |
Conn's, Inc.* | 3,100 | 82,305 |
Freds, Inc. | 18,368 | 245,213 |
Retail Ventures, Inc.* (a) | 9,300 | 165,726 |
The Bon-Ton Stores, Inc. | 3,800 | 83,144 |
Tuesday Morning Corp. (a) | 13,900 | 182,785 |
| 1,692,975 | |
Specialty Retail 3.3% | ||
A.C. Moore Arts & Crafts, Inc.* | 7,800 | 127,218 |
Aaron Rents, Inc. | 18,150 | 487,872 |
Aeropostale, Inc.* | 21,300 | 615,357 |
America's Car-Mart, Inc.* | 5,700 | 115,767 |
Asbury Automotive Group, Inc.* | 4,300 | 90,042 |
bebe stores, inc. | 10,700 | 164,900 |
Big 5 Sporting Goods Corp. | 10,300 | 200,850 |
Blockbuster, Inc. "A"* (a) | 83,400 | 415,332 |
Books-A-Million, Inc. | 7,000 | 116,694 |
Borders Group, Inc. | 24,700 | 455,962 |
Build-A-Bear-Workshop, Inc.* (a) | 4,900 | 105,399 |
Cabela's, Inc. "A"* (a) | 11,300 | 217,638 |
Cache, Inc.* | 6,750 | 117,045 |
Casual Male Retail Group, Inc.* | 14,600 | 146,730 |
Cato Corp. "A" | 13,450 | 347,682 |
Charlotte Russe Holding, Inc.* | 7,300 | 174,762 |
Charming Shoppes, Inc.* | 51,700 | 581,108 |
Christopher & Banks Corp. | 14,075 | 408,175 |
Citi Trends, Inc.* (a) | 2,800 | 119,532 |
Cost Plus, Inc.* | 10,601 | 155,411 |
CSK Auto Corp.* | 17,860 | 213,784 |
Deb Shops, Inc. | 1,100 | 26,521 |
Dress Barn, Inc.* | 19,600 | 496,860 |
DSW, Inc. "A"* | 6,100 | 222,162 |
Genesco, Inc.* | 8,700 | 294,669 |
Group 1 Automotive, Inc. | 9,600 | 540,864 |
Guess?, Inc.* | 7,900 | 329,825 |
Guitar Center, Inc.* | 10,100 | 449,147 |
Gymboree Corp.* | 14,200 | 493,592 |
Haverty Furniture Companies, Inc. | 7,500 | 117,675 |
Hibbett Sporting Goods, Inc.* | 15,505 | 370,569 |
Hot Topic, Inc.* | 16,275 | 187,325 |
Jo-Ann Stores, Inc.* (a) | 11,202 | 164,109 |
|
| Value ($) |
|
| |
Jos. A. Bank Clothiers, Inc.* (a) | 6,821 | 163,431 |
Lithia Motors, Inc. "A" | 7,500 | 227,400 |
Maidenform Brands, Inc.* | 8,108 | 99,972 |
Men's Wearhouse, Inc. | 18,500 | 560,550 |
Midas, Inc.* | 7,800 | 143,520 |
Monro Muffler Brake, Inc. | 5,650 | 183,964 |
New York & Co., Inc.* | 7,923 | 77,408 |
Pacific Sunwear of California, Inc.* | 29,100 | 521,763 |
Pantry, Inc.* | 9,600 | 552,384 |
Payless ShoeSource, Inc.* | 25,900 | 703,703 |
PETCO Animal Supplies, Inc.* | 24,600 | 502,578 |
Pier 1 Imports, Inc. (a) | 33,100 | 231,038 |
Rent-A-Center, Inc.* | 29,100 | 723,013 |
Restoration Hardware, Inc.* (a) | 14,900 | 106,982 |
Select Comfort Corp.* (a) | 22,800 | 523,716 |
Shoe Carnival, Inc.* | 4,800 | 114,528 |
Sonic Automotive, Inc. | 11,100 | 246,198 |
Stage Stores, Inc. | 11,300 | 372,900 |
Stein Mart, Inc. | 10,496 | 155,341 |
Talbots, Inc. | 7,400 | 136,530 |
The Buckle, Inc. | 3,226 | 135,073 |
The Children's Place Retail Stores, Inc.* | 8,800 | 528,440 |
The Finish Line, Inc. "A" | 19,200 | 227,136 |
The Pep Boys- Manny, Moe & Jack | 20,200 | 236,946 |
Too, Inc.* | 13,044 | 500,759 |
West Marine, Inc.* (a) | 6,200 | 83,576 |
Wet Seal, Inc. "A"* | 31,500 | 153,720 |
Zales Corp.* | 18,400 | 443,256 |
Zumiez, Inc.* | 6,500 | 244,205 |
| 17,970,608 | |
Textiles, Apparel & Luxury Goods 1.5% | ||
Brown Shoe Co., Inc. | 10,650 | 362,952 |
Carter's, Inc.* | 20,100 | 531,243 |
Cherokee, Inc. | 3,700 | 153,032 |
Columbia Sportswear Co.* | 6,100 | 276,086 |
Crocs, Inc.* (a) | 3,300 | 82,995 |
Deckers Outdoor Corp.* | 5,000 | 192,800 |
Fossil, Inc.* | 18,800 | 338,588 |
Hartmarx Corp.* | 9,700 | 58,200 |
Iconix Brand Group, Inc.* | 15,200 | 248,227 |
K-Swiss, Inc. "A" | 11,900 | 317,730 |
Kellwood Co. | 9,582 | 280,465 |
Kenneth Cole Productions, Inc. "A" | 5,144 | 114,866 |
Movado Group, Inc. | 8,600 | 197,370 |
Oxford Industries, Inc. | 5,500 | 216,755 |
Perry Ellis International, Inc.* | 4,200 | 106,302 |
Phillips-Van Heusen Corp. | 21,600 | 824,256 |
Quicksilver, Inc.* | 47,400 | 577,332 |
Russell Corp. | 12,400 | 225,184 |
Skechers USA, Inc. "A"* | 4,289 | 103,408 |
Steven Madden Ltd. | 9,300 | 275,466 |
Stride Rite Corp. | 16,400 | 216,316 |
The Warnaco Group, Inc.* | 20,500 | 382,940 |
Timberland Co. "A"* | 19,300 | 503,442 |
True Religion Apparel, Inc.* | 6,200 | 109,677 |
Under Armour, Inc. "A"* | 9,000 | 383,580 |
UniFirst Corp. | 5,000 | 172,500 |
Volcom, Inc.* | 4,300 | 137,557 |
Weyco Group, Inc. | 1,500 | 34,830 |
Wolverine World Wide, Inc. | 22,100 | 515,593 |
Xerium Technologies, Inc. | 4,967 | 46,789 |
| 7,986,481 | |
|
| Value ($) |
|
| |
Consumer Staples 2.9% | ||
Beverages 0.3% | ||
Boston Beer Co., Inc. "A"* | 3,500 | 102,515 |
Coca Cola Bottling Co. | 1,600 | 81,232 |
Hansen Natural Corp.* | 5,900 | 1,123,183 |
Jones Soda Co.* | 10,900 | 98,045 |
MGP Ingredients, Inc. | 4,600 | 106,751 |
National Beverage Corp. | 4,800 | 68,880 |
| 1,580,606 | |
Food & Staples Retailing 0.8% | ||
Arden Group, Inc. "A" | 400 | 45,268 |
Casey's General Stores, Inc. | 21,886 | 547,369 |
Central European Distribution Corp.* | 12,150 | 305,694 |
Great Atlantic & Pacific Tea Co., Inc. | 6,568 | 149,225 |
Ingles Markets, Inc. "A" | 6,600 | 112,200 |
Longs Drug Stores Corp. | 12,283 | 560,351 |
Nash Finch Co. | 6,700 | 142,643 |
Pathmark Stores, Inc.* | 22,500 | 211,725 |
Performance Food Group Co.* | 15,500 | 470,890 |
Ruddick Corp. | 14,600 | 357,846 |
Smart & Final, Inc.* | 6,800 | 114,512 |
Spartan Stores, Inc. | 8,900 | 130,207 |
The Andersons, Inc. | 5,000 | 208,050 |
The Topps Co., Inc. (a) | 18,296 | 150,393 |
United Natural Foods, Inc.* | 17,565 | 579,996 |
Weis Markets, Inc. | 3,800 | 156,560 |
Wild Oats Markets, Inc.* | 12,989 | 254,584 |
| 4,497,513 | |
Food Products 1.0% | ||
Alico, Inc. | 1,300 | 71,643 |
Chiquita Brands International, Inc. | 15,600 | 214,968 |
Darling International, Inc.* | 26,100 | 118,233 |
Delta & Pine Land Co. | 15,868 | 466,519 |
Diamond Foods, Inc. | 5,246 | 84,303 |
Farmer Brothers Co. | 1,700 | 36,856 |
Flowers Foods, Inc. | 19,637 | 562,404 |
Gold Kist, Inc.* | 22,600 | 302,162 |
Green Mountain Coffee Roasters, Inc.* | 2,300 | 92,391 |
Hain Celestial Group, Inc.* | 13,182 | 339,568 |
Imperial Sugar Co. | 5,200 | 123,274 |
J & J Snack Foods Corp. | 4,400 | 145,508 |
Lancaster Colony Corp. | 11,500 | 453,905 |
Lance, Inc. | 10,600 | 244,012 |
Maui Land & Pineapple Co., Inc.* | 1,700 | 64,260 |
Peet's Coffee & Tea, Inc.* | 6,300 | 190,197 |
Pilgrim's Pride Corp. | 15,500 | 399,672 |
Premium Standard Farms, Inc. | 4,077 | 66,170 |
Ralcorp Holdings, Inc.* | 11,060 | 470,382 |
Reddy Ice Holdings, Inc. | 5,580 | 113,553 |
Sanderson Farms, Inc. (a) | 7,650 | 214,124 |
Seaboard Corp. | 100 | 128,000 |
Tootsie Roll Industries, Inc. | 12,955 | 377,379 |
TreeHouse Foods, Inc.* | 11,600 | 276,966 |
| 5,556,449 | |
Household Products 0.2% | ||
Central Garden & Pet Co.* | 9,500 | 408,975 |
Spectrum Brands, Inc.* | 13,700 | 176,903 |
|
| Value ($) |
|
| |
WD-40 Co. | 7,000 | 234,990 |
| 820,868 | |
Personal Products 0.4% | ||
American Oriental Bioengineering, Inc.* | 15,400 | 85,113 |
Chattem, Inc.* | 8,100 | 245,997 |
Elizabeth Arden, Inc.* | 12,300 | 219,924 |
Inter Parfums, Inc. | 1,900 | 32,718 |
Mannatech, Inc. (a) | 7,800 | 98,358 |
Medifast, Inc.* | 5,500 | 98,229 |
NBTY, Inc.* | 21,200 | 506,892 |
Nu Skin Enterprises, Inc. "A" | 21,244 | 315,473 |
Parlux Fragrances, Inc.* (a) | 7,800 | 75,582 |
Playtex Products, Inc.* | 19,300 | 201,299 |
Prestige Brands Holdings, Inc.* | 11,360 | 113,259 |
Revlon, Inc. "A"* | 74,700 | 94,122 |
USANA Health Sciences, Inc.* (a) | 4,600 | 174,340 |
| 2,261,306 | |
Tobacco 0.2% | ||
Alliance One International, Inc. | 33,300 | 147,852 |
Universal Corp. | 11,568 | 430,561 |
Vector Group Ltd. (a) | 13,238 | 215,117 |
| 793,530 | |
Energy 5.4% | ||
Energy Equipment & Services 2.3% | ||
Allis-Chalmers Energy, Inc.* | 6,500 | 88,285 |
Atwood Oceanics, Inc.* | 10,200 | 505,920 |
Basic Energy Services, Inc.* | 4,100 | 125,337 |
Bristow Group, Inc.* | 8,600 | 309,600 |
Bronco Drilling Co., Inc.* | 6,467 | 135,096 |
CARBO Ceramics, Inc. | 9,000 | 442,170 |
Complete Production Services, Inc.* | 10,200 | 241,128 |
Dawson Geophysical Co.* | 3,900 | 119,935 |
Dril-Quip, Inc.* | 4,100 | 338,004 |
Grey Wolf, Inc.* | 74,600 | 574,420 |
Gulf Island Fabrication, Inc. | 6,500 | 130,260 |
GulfMark Offshore, Inc.* | 7,700 | 198,891 |
Hanover Compressor Co.* (a) | 40,000 | 751,200 |
Hercules Offshore, Inc.* | 7,300 | 255,500 |
Hornbeck Offshore Services, Inc.* | 9,000 | 319,680 |
Hydril* | 7,800 | 612,456 |
Input/Output, Inc.* (a) | 26,400 | 249,480 |
Lone Star Technologies, Inc.* | 11,936 | 644,783 |
Lufkin Industries, Inc. | 6,400 | 380,352 |
Matrix Service Co.* | 10,000 | 114,400 |
Maverick Tube Corp.* | 14,583 | 921,500 |
Metretek Technologies, Inc.* | 7,200 | 123,625 |
NATCO Group, Inc. "A"* | 6,600 | 265,169 |
Newpark Resources, Inc.* | 33,425 | 205,564 |
NS Group, Inc.* | 8,676 | 477,874 |
Oil States International, Inc.* | 19,200 | 658,176 |
Parker Drilling Co.* | 40,200 | 288,636 |
PHI, Inc. (Non-Voting)* | 4,800 | 159,269 |
Pioneer Drilling Co.* | 15,400 | 237,776 |
RPC, Inc. | 9,700 | 235,516 |
SulphCo, Inc.* | 12,400 | 88,733 |
Superior Well Services, Inc.* | 3,348 | 83,365 |
Trico Marine Services, Inc.* | 5,800 | 197,087 |
Union Drilling, Inc.* | 6,400 | 95,104 |
Universal Compression Holdings, Inc.* | 11,600 | 730,452 |
|
| Value ($) |
|
| |
Veritas DGC, Inc.* | 13,800 | 711,804 |
W-H Energy Services, Inc.* | 12,200 | 620,126 |
Warrior Energy Service Corp.* | 4,500 | 109,422 |
| 12,746,095 | |
Oil, Gas & Consumable Fuels 3.1% | ||
Alon USA Energy, Inc. | 4,077 | 128,303 |
Alpha Natural Resources, Inc.* | 19,930 | 391,027 |
Arena Resources, Inc.* | 4,900 | 168,021 |
Atlas America, Inc.* | 7,832 | 350,952 |
ATP Oil & Gas Corp.* (a) | 8,700 | 364,791 |
Aurora Oil & Gas Corp.* | 23,500 | 93,946 |
Berry Petroleum Co. "A" | 15,400 | 510,510 |
Bill Barrett Corp.* | 10,560 | 312,682 |
Bois d'Arc Energy, Inc.* | 5,005 | 82,432 |
Brigham Exploration Co.* | 20,900 | 165,319 |
Callon Petroleum Co.* | 6,400 | 123,776 |
Carrizo Oil & Gas, Inc.* | 9,500 | 297,445 |
Clayton Williams Energy, Inc.* | 2,800 | 96,712 |
Comstock Resources, Inc.* | 16,324 | 487,435 |
Crosstex Energy, Inc. | 3,500 | 332,780 |
Delek US Holdings, Inc.* | 2,400 | 36,459 |
Delta Petroleum Corp.* | 23,100 | 395,703 |
Edge Petroleum Corp.* | 8,800 | 175,824 |
Encore Aquisition Co.* | 22,200 | 595,626 |
Energy Partners Ltd.* | 14,400 | 272,880 |
EXCO Resources, Inc.* | 18,400 | 209,760 |
Exploration Co. of Delaware* | 13,500 | 143,828 |
Gasco Energy, Inc.* (a) | 26,100 | 116,145 |
GeoGlobal Resources, Inc.* | 14,500 | 70,864 |
Giant Industries, Inc.* | 5,600 | 372,680 |
GMX Resources, Inc.* | 3,800 | 117,429 |
Goodrich Petroleum Corp.* | 6,000 | 170,340 |
Gulfport Energy Corp.* | 3,100 | 34,205 |
Harvest Natural Resources, Inc.* | 15,400 | 208,516 |
Houston Exploration Co.* | 11,200 | 685,328 |
International Coal Group, Inc.* | 43,300 | 311,150 |
James River Coal Co.* | 6,900 | 182,781 |
KCS Energy, Inc.* | 19,500 | 579,150 |
KFx, Inc.* (a) | 28,200 | 430,896 |
Mariner Energy, Inc.* | 28,260 | 519,136 |
Maritrans, Inc. | 6,300 | 156,870 |
MarkWest Hydrocarbon, Inc. | 1,300 | 32,157 |
McMoRan Exploration Co.* (a) | 11,200 | 197,120 |
Meridian Resource Corp.* | 27,800 | 97,300 |
NGP Capital Resources Co. | 6,300 | 92,169 |
Pacific Ethanol, Inc.* | 8,010 | 185,191 |
Parallel Petroleum Corp.* | 15,400 | 380,534 |
Penn Virginia Corp. | 8,200 | 573,016 |
Petrohawk Energy Corp.* (a) | 25,600 | 322,560 |
Petroleum Development Corp.* | 7,300 | 275,210 |
PetroQuest Energy, Inc.* | 18,100 | 222,268 |
Quest Resource Corp.* | 9,600 | 130,080 |
Remington Oil & Gas Corp.* | 1,193 | 52,456 |
Rentech, Inc.* | 52,900 | 245,842 |
Rosetta Resources, Inc.* (a) | 22,152 | 368,166 |
Stone Energy Corp.* | 10,379 | 483,142 |
Swift Energy Co.* | 11,120 | 477,382 |
Syntroleum Corp.* | 17,400 | 105,618 |
Toreador Resources Corp.* (a) | 5,800 | 163,154 |
Transmeridian Exploration, Inc.* | 25,600 | 145,838 |
TransMontaigne, Inc.* | 20,500 | 229,805 |
USEC, Inc. | 33,233 | 393,811 |
VAALCO Energy, Inc.* | 25,500 | 248,737 |
|
| Value ($) |
|
| |
Warren Resources, Inc.* | 23,100 | 331,716 |
Western Refining, Inc. | 10,100 | 217,958 |
Westmoreland Coal Co.* | 1,900 | 45,042 |
Whiting Petroleum Corp.* | 14,200 | 594,554 |
World Fuel Services Corp. | 10,700 | 488,883 |
| 16,791,410 | |
Financials 21.1% | ||
Capital Markets 1.1% | ||
Apollo Investment Corp. | 33,723 | 623,201 |
Ares Capital Corp. | 17,400 | 294,582 |
Calamos Asset Management, Inc. "A" | 10,700 | 310,193 |
Capital Southwest Corp. | 800 | 83,560 |
Cohen & Steers, Inc. | 3,900 | 92,040 |
GAMCO Investors, Inc. "A" | 3,200 | 117,632 |
GFI Group, Inc.* | 5,240 | 282,698 |
Gladstone Capital Corp. (a) | 5,000 | 106,950 |
Greenhill & Co., Inc. | 6,700 | 407,092 |
Harris & Harris Group, Inc.* (a) | 10,100 | 111,504 |
Knight Capital Group, Inc. "A"* | 44,100 | 671,643 |
LaBranche & Co., Inc.* (a) | 19,600 | 237,356 |
MarketAxess Holdings, Inc.* (a) | 10,000 | 110,100 |
MCG Capital Corp. | 24,200 | 384,780 |
MVC Capital, Inc. | 5,400 | 72,535 |
optionsXpress Holdings, Inc. | 9,510 | 221,678 |
Penson Worldwide, Inc.* | 1,700 | 29,240 |
Piper Jaffray Companies, Inc.* | 8,000 | 489,680 |
Sanders Morris Harris Group, Inc. | 3,000 | 45,330 |
Stifel Financial Corp.* | 4,000 | 141,240 |
SWS Group, Inc. | 5,611 | 135,337 |
Thomas Weisel Partners Group, Inc.* | 4,200 | 79,842 |
Tradestation Group, Inc.* | 11,700 | 148,239 |
Waddell & Reed Financial, Inc. "A" | 36,400 | 748,384 |
| 5,944,836 | |
Commercial Banks 7.2% | ||
Alabama National BanCorp. | 6,600 | 449,790 |
AMCORE Financial, Inc. | 8,613 | 252,447 |
AmericanWest Bancorp. | 2,890 | 65,459 |
Ameris Bancorp | 4,160 | 96,262 |
Arrow Financial Corp. | 3,593 | 98,556 |
BancFirst Corp. | 1,600 | 71,600 |
BancTrust Financial Group, Inc. | 2,300 | 53,981 |
Bank of Granite Corp. | 3,512 | 73,155 |
Bank of the Ozarks, Inc. | 5,100 | 169,830 |
BankFinancial Corp. | 7,700 | 133,210 |
Banner Corp. | 4,000 | 154,160 |
BB&T Corp. | 0 | 12 |
Boston Private Financial Holdings, Inc. | 15,956 | 445,172 |
Cadence Financial Corp. | 3,833 | 84,978 |
Camden National Corp. | 2,900 | 115,710 |
Capital City Bank Group, Inc. (a) | 4,043 | 122,099 |
Capital Corp. of the West | 4,020 | 128,640 |
Capitol Bancorp., Ltd. | 4,500 | 175,275 |
Cardinal Financial Corp. | 11,600 | 134,792 |
Cascade Bancorp. | 9,000 | 256,590 |
Cathay General Bancorp. | 22,136 | 805,308 |
Centennial Bank Holdings, Inc.* (a) | 22,100 | 228,514 |
Center Financial Corp. | 5,700 | 134,748 |
Centerstate Banks of Florida, Inc. | 1,900 | 38,928 |
Central Pacific Financial Corp. | 13,912 | 538,394 |
|
| Value ($) |
|
| |
Chemical Financial Corp. | 10,344 | 316,526 |
Chittenden Corp. | 21,326 | 551,277 |
Citizens Banking Corp. | 19,800 | 483,318 |
City Holding Co. | 7,200 | 260,208 |
CoBiz, Inc. | 4,400 | 99,088 |
Columbia Bancorp.- Oregon | 2,700 | 67,650 |
Columbia Banking System, Inc. | 6,218 | 232,429 |
Community Bancorp.* | 3,000 | 93,240 |
Community Bancorp., Inc. | 2,700 | 114,172 |
Community Bank System, Inc. | 14,500 | 292,465 |
Community Banks, Inc. | 7,540 | 196,040 |
Community Trust Bancorp., Inc. | 4,729 | 165,184 |
CVB Financial Corp. | 23,622 | 369,921 |
Enterprise Financial Services Corp. | 3,141 | 79,938 |
Farmers Capital Bank Corp. | 1,500 | 49,125 |
First BanCorp. Puerto Rico (a) | 32,200 | 299,460 |
First BanCorp.-North Carolina | 4,050 | 85,050 |
First Charter Corp. | 12,900 | 316,437 |
First Commonwealth Financial Corp. | 33,682 | 427,761 |
First Community Bancorp. | 8,800 | 519,904 |
First Community Bancshares, Inc. | 3,449 | 113,783 |
First Financial Bancorp. | 10,442 | 155,690 |
First Financial Bankshares, Inc. | 6,986 | 255,268 |
First Financial Corp. | 3,810 | 114,338 |
First Indiana Corp. | 3,325 | 86,550 |
First Merchants Corp. | 6,928 | 168,420 |
First Midwest Bancorp., Inc. | 21,900 | 812,052 |
First Oak Brook Bancshares, Inc. | 3,650 | 135,050 |
First Regional Bancorp.* | 745 | 65,560 |
First Republic Bank | 9,850 | 451,130 |
First Source Corp. | 3,681 | 124,528 |
First South Bancorp, Inc. (a) | 3,000 | 102,690 |
First State Bancorp. | 6,400 | 152,192 |
FirstMerit Corp. | 44,713 | 936,290 |
FLAG Financial Corp. | 4,000 | 77,756 |
FNB Corp. — Pennsylvania | 24,300 | 383,211 |
FNB Corp. — Virginia | 1,700 | 62,900 |
Frontier Financial Corp. | 9,287 | 315,665 |
GB&T Bancshares, Inc. | 5,375 | 116,960 |
Glacier Bancorp., Inc. | 13,425 | 392,950 |
Great Southern Bancorp, Inc. | 3,000 | 91,590 |
Greater Bay Bancorp. | 22,400 | 644,000 |
Greene County Bancshares, Inc. | 3,344 | 103,530 |
Hancock Holding Co. | 12,000 | 672,000 |
Hanmi Financial Corp. | 18,942 | 368,232 |
Harleysville National Corp. | 9,648 | 204,634 |
Heartland Financial USA, Inc. | 4,250 | 113,263 |
Heritage Commerce Corp. | 3,100 | 76,849 |
IBERIABANK Corp. | 4,075 | 234,475 |
Independent Bank Corp. — Massachusetts | 5,800 | 188,326 |
Independent Bank Corp.-Michigan | 10,983 | 288,853 |
Integra Bank Corp. | 7,522 | 163,604 |
Interchange Financial Services Corp. | 9,250 | 208,125 |
International Bancshares Corp. | 15,500 | 425,940 |
Intervest Bancshares Corp.* | 2,700 | 109,288 |
Investors Bancorp, Inc.* (a) | 25,400 | 344,170 |
Irwin Financial Corp. | 8,300 | 160,937 |
Lakeland Bancorp, Inc. | 3,951 | 61,912 |
Lakeland Financial Corp. | 3,200 | 77,728 |
Macatawa Bank Corp. | 5,669 | 132,598 |
MainSource Financial Group, Inc. | 3,675 | 64,055 |
|
| Value ($) |
|
| |
MB Financial, Inc. | 11,000 | 388,960 |
MBT Financial Corp. | 3,700 | 59,200 |
Mercantile Bank Corp. | 3,640 | 145,054 |
MetroCorp Bancshares, Inc. | 900 | 26,337 |
Mid-State Bancshares | 8,800 | 246,400 |
Midwest Banc Holdings, Inc. | 7,700 | 171,325 |
Nara Bancorp, Inc. | 10,700 | 200,625 |
National Penn Bancshares, Inc. (a) | 16,832 | 334,284 |
NBT Bancorp, Inc. | 13,897 | 322,827 |
Northern Empire Bancshares* | 2,390 | 57,360 |
Old National Bancorp. | 30,402 | 607,128 |
Old Second Bancorp, Inc. | 3,898 | 120,838 |
Omega Financial Corp. | 4,100 | 128,371 |
Oriental Financial Group, Inc. | 7,442 | 94,960 |
Pacific Capital Bancorp. | 20,944 | 651,777 |
Park National Corp. | 5,050 | 498,990 |
Peoples Bancorp, Inc. | 5,395 | 160,987 |
Pinnacle Financial Partners, Inc.* | 5,000 | 152,150 |
Placer Sierra Bancshares | 6,200 | 143,778 |
Preferred Bank, Los Angeles | 2,900 | 155,469 |
PremierWest Bancorp. | 3,881 | 56,005 |
PrivateBancorp, Inc. | 8,500 | 351,985 |
Prosperity Bancshares, Inc. | 12,100 | 397,969 |
Provident Bankshares Corp. | 15,097 | 549,380 |
R & G Financial Corp. "B" | 14,850 | 127,562 |
Renasant Corp. | 3,000 | 121,050 |
Republic Bancorp., Inc. | 34,228 | 424,085 |
Republic Bancorp., Inc. "A" | 1,844 | 37,986 |
Royal Bancshares of Pennsylvania, Inc. "A" | 327 | 7,940 |
S&T Bancorp, Inc. | 9,060 | 301,064 |
S.Y. Bancorp, Inc. | 3,360 | 92,333 |
Sandy Spring Bancorp., Inc. | 6,600 | 237,996 |
Santander BanCorp. | 1,284 | 31,612 |
SCBT Financial Corp. | 2,184 | 77,860 |
Seacoast Banking Corp. of Florida | 4,360 | 116,107 |
Security Bank Corp. | 4,200 | 93,534 |
Shore Bancshares, Inc. | 2,200 | 59,652 |
Sierra Bancorp. | 900 | 23,585 |
Signature Bank* | 10,600 | 343,228 |
Simmons First National Corp. "A" | 4,100 | 118,941 |
Smithtown Bancorp, Inc. | 1,700 | 41,049 |
Southside Bancshares, Inc. (a) | 2,177 | 48,591 |
Southwest Bancorp., Inc. | 5,700 | 145,350 |
State National Bancshares, Inc. | 4,616 | 175,916 |
Sterling Bancorp. | 9,618 | 187,551 |
Sterling Bancshares, Inc. | 21,525 | 403,594 |
Sterling Financial Corp. | 15,588 | 475,590 |
Sterling Financial Corp. — Pennsylvania | 11,428 | 250,273 |
Suffolk Bancorp. | 2,900 | 94,975 |
Summit Bancshares, Inc. | 4,267 | 90,503 |
Sun Bancorp, Inc.* | 4,943 | 80,274 |
Superior Bancorp.* | 5,800 | 63,800 |
Susquehanna Bancshares, Inc. | 21,647 | 517,363 |
SVB Financial Group* | 15,700 | 713,722 |
Taylor Capital Group, Inc. | 2,000 | 81,620 |
Texas Capital Bancshares, Inc.* | 11,200 | 260,960 |
Texas Regional Bancshares, Inc. "A" | 20,076 | 761,282 |
Texas United Bancshares, Inc.* | 2,700 | 75,962 |
The Bancorp, Inc.* | 4,284 | 107,143 |
Tompkins Trustco, Inc. | 2,610 | 112,230 |
TriCo Bancshares | 4,600 | 125,948 |
|
| Value ($) |
|
| |
Trustmark Corp. | 20,900 | 647,273 |
U. S. B Holding Co., Inc. | 3,803 | 85,568 |
UCBH Holdings, Inc. | 41,600 | 688,064 |
UMB Financial Corp. | 14,684 | 489,565 |
Umpqua Holdings Corp. | 24,793 | 635,940 |
Union Bankshares Corp. | 2,600 | 112,164 |
United Bankshares, Inc. | 16,800 | 615,384 |
United Community Banks, Inc. | 12,100 | 368,324 |
United Securities Bancshares (a) | 1,700 | 36,342 |
Univest Corp. of Pennsylvania | 3,150 | 87,003 |
Vineyard National Bancorp. Co. | 4,830 | 129,927 |
Virginia Commerce Bancorp, Inc.* | 6,196 | 148,084 |
Virginia Financial Group, Inc. | 1,700 | 71,774 |
Washington Trust Bancorp, Inc. | 3,700 | 102,564 |
WesBanco, Inc. | 7,700 | 238,623 |
West Bancorp., Inc. (a) | 4,805 | 89,709 |
West Coast Bancorp. | 6,200 | 182,714 |
Westamerica Bancorp. | 14,000 | 685,580 |
Western Alliance Bancorp.* | 4,039 | 140,476 |
Wilshire Bancorp, Inc. | 8,500 | 153,170 |
Wintrust Financial Corp. | 10,850 | 551,722 |
Yardville National Bancorp. | 4,500 | 160,785 |
| 39,075,040 | |
Consumer Finance 0.6% | ||
ACE Cash Express, Inc.* | 5,700 | 166,839 |
Advance America Cash Advance Centers, Inc. | 25,650 | 449,901 |
Advanta Corp. "B" | 8,900 | 319,955 |
ASTA Funding, Inc. | 5,400 | 202,230 |
Cash America International, Inc. | 11,200 | 358,400 |
CompuCredit Corp.* | 9,193 | 353,379 |
Credit Acceptance Corp.* | 3,200 | 86,799 |
Dollar Financial Corp.* | 6,000 | 107,938 |
EZCORP, Inc. "A"* | 5,200 | 195,876 |
First Cash Financial Services, Inc.* | 12,600 | 248,850 |
QC Holdings, Inc.* | 1,332 | 17,995 |
Rewards Network, Inc.* | 8,400 | 68,589 |
United PanAm Financial Corp.* | 3,400 | 103,360 |
World Acceptance Corp.* | 8,300 | 294,816 |
| 2,974,927 | |
Diversified Financial Services 0.3% | ||
Asset Acceptance Capital Corp.* | 7,334 | 145,213 |
Compass Diversified Trust* | 3,300 | 47,064 |
Financial Federal Corp. | 9,750 | 271,148 |
International Securities Exchange, Inc. | 14,800 | 563,436 |
Marlin Business Services Corp.* | 3,540 | 79,863 |
Medallion Financial Corp. | 4,300 | 55,696 |
PICOHoldings, Inc.* | 2,600 | 83,850 |
Portfolio Recovery Associates, Inc.* | 7,300 | 333,610 |
Resource America, Inc. | 6,400 | 121,920 |
| 1,701,800 | |
Insurance 2.5% | ||
21st Century Insurance Group | 10,400 | 149,760 |
Affirmative Insurance Holdings, Inc. | 5,100 | 79,815 |
Alfa Corp. | 12,100 | 200,376 |
American Equity Investment Life Holding Co. | 25,072 | 267,268 |
American Physicians Capital, Inc.* | 3,600 | 189,324 |
Argonaut Group, Inc.* | 12,100 | 363,484 |
Baldwin & Lyons, Inc. | 2,725 | 69,487 |
Bristol West Holdings, Inc. | 5,500 | 88,000 |
|
| Value ($) |
|
| |
Capital Title Group, Inc. | 13,100 | 96,492 |
Clark, Inc. | 7,300 | 96,360 |
CNA Surety Corp.* | 4,150 | 71,712 |
Commerce Group, Inc. | 23,500 | 693,795 |
Crawford & Co. "B" | 5,900 | 42,362 |
Delphi Financial Group, Inc. "A" | 18,531 | 673,787 |
Direct General Corp. | 7,100 | 120,132 |
Donegal Group, Inc. "A" | 3,666 | 71,157 |
EMC Insurance Group, Inc. | 1,400 | 40,264 |
Enstar Group, Inc.* | 1,100 | 101,409 |
FBL Financial Group, Inc. | 4,816 | 156,038 |
First Acceptance Corp.* | 4,505 | 53,069 |
FPIC Insurance Group, Inc.* | 4,700 | 182,125 |
Great American Financial Resources, Inc. | 3,304 | 69,153 |
Harleysville Group, Inc. | 6,800 | 215,696 |
Hilb, Rogal & Hobbs Co. | 15,100 | 562,777 |
Horace Mann Educators Corp. | 16,868 | 285,913 |
Independence Holding Co. | 640 | 14,342 |
Infinity Property & Casualty Corp. | 8,800 | 360,800 |
James River Group, Inc.* | 2,620 | 65,238 |
Kansas City Life Insurance Co. | 1,100 | 46,387 |
LandAmerica Financial Group, Inc. | 6,600 | 426,360 |
Meadowbrook Insurance Group, Inc.* | 11,500 | 95,680 |
National Financial Partners Corp. | 15,900 | 704,529 |
National Interstate Corp. | 4,769 | 129,335 |
National Western Life Insurance Co. "A" | 700 | 167,755 |
Navigators Group, Inc.* | 5,600 | 245,392 |
NYMAGIC, Inc. | 1,400 | 40,647 |
Odyssey Re Holdings Corp. (a) | 5,002 | 131,803 |
Ohio Casualty Corp. | 27,542 | 818,824 |
Phoenix Companies, Inc. | 47,400 | 667,392 |
PMA Capital Corp. "A"* | 14,700 | 151,410 |
Presidential Life Corp. | 9,200 | 226,136 |
ProAssurance Corp.* | 13,127 | 632,459 |
RLI Corp. | 10,000 | 481,800 |
Safety Insurance Group, Inc. | 6,300 | 299,565 |
SCPIE Holdings, Inc.* | 3,100 | 72,034 |
Seabright Insurance Holdings* | 7,912 | 127,462 |
Selective Insurance Group, Inc. | 12,200 | 681,614 |
State Auto Financial Corp. | 4,800 | 156,192 |
Stewart Information Services Corp. | 7,200 | 261,432 |
The Midland Co. | 3,800 | 144,324 |
Tower Group, Inc. | 7,600 | 229,900 |
U.S.I. Holdings Corp.* | 16,700 | 223,947 |
United Fire & Casualty Co. | 9,300 | 280,209 |
Universal American Financial Corp.* | 17,600 | 231,440 |
Zenith National Insurance Corp. | 14,250 | 565,297 |
| 13,619,460 | |
Real Estate Investment Trusts 6.7% | ||
Aames Investment Corp. (REIT) | 23,100 | 115,269 |
Acadia Realty Trust (REIT) | 10,827 | 256,059 |
Agree Realty Corp. (REIT) | 4,300 | 146,071 |
Alexander's, Inc. (REIT)* | 700 | 190,232 |
Alexandria Real Estate Equities, Inc. (REIT) | 9,900 | 877,932 |
American Campus Communities, Inc. (REIT) | 6,100 | 151,585 |
American Financial Realty Trust (REIT) | 49,400 | 478,192 |
|
| Value ($) |
|
| |
American Home Mortgage Investment Corp. (REIT) | 17,035 | 627,910 |
Anthracite Capital, Inc. (REIT) | 26,600 | 323,456 |
Anworth Mortgage Asset Corp. (REIT) | 14,100 | 117,030 |
Arbor Realty Trust, Inc. (REIT) | 6,600 | 165,330 |
Ashford Hospitality Trust (REIT) | 22,000 | 277,640 |
BioMed Realty Trust, Inc. (REIT) | 22,400 | 670,656 |
Capital Lease Funding, Inc. (REIT) | 14,400 | 164,304 |
Capital Trust, Inc. "A" (REIT) | 3,100 | 110,422 |
Cedar Shopping Centers, Inc. (REIT) | 9,600 | 141,312 |
Corporate Office Properties Trust (REIT) | 14,700 | 618,576 |
Correctional Properties Trust (REIT) | 6,300 | 155,925 |
Cousins Properties, Inc. (REIT) | 17,600 | 544,368 |
Crescent Real Estate Equities Co. (REIT) | 33,700 | 625,472 |
Deerfield Triarc Capital Corp. (REIT) | 17,900 | 232,342 |
DiamondRock Hospitality Co. (REIT) | 23,100 | 342,111 |
Digital Realty Trust, Inc. (REIT) | 6,100 | 150,609 |
EastGroup Properties, Inc. (REIT) | 7,800 | 364,104 |
Education Realty Trust, Inc. (REIT) | 12,990 | 216,283 |
Entertainment Properties Trust (REIT) | 12,375 | 532,744 |
Equity Inns, Inc. (REIT) | 20,400 | 337,824 |
Equity Lifestyle Properties, Inc. (REIT) | 9,100 | 398,853 |
Equity One, Inc. (REIT) | 17,850 | 373,065 |
Extra Space Storage, Inc. (REIT) | 19,100 | 310,184 |
FelCor Lodging Trust, Inc. (REIT) | 22,731 | 494,172 |
Fieldstone Investment Corp. (REIT) | 23,200 | 212,512 |
First Industrial Realty Trust, Inc. (REIT) (a) | 19,800 | 751,212 |
First Potomac Realty Trust (REIT) | 9,800 | 291,942 |
Franklin Street Properties Corp. (REIT) | 15,900 | 312,734 |
Friedman, Billings, Ramsey Group, Inc. (REIT) "A" | 57,300 | 628,220 |
Getty Realty Corp. (REIT) | 5,200 | 147,888 |
Glenborough Realty Trust, Inc. (REIT) | 15,351 | 330,661 |
Glimcher Realty Trust (REIT) (a) | 12,900 | 320,049 |
GMH Communities Trust (REIT) | 14,200 | 187,156 |
Gramercy Capital Corp. (REIT) | 5,100 | 132,090 |
Healthcare Realty Trust, Inc. (REIT) | 20,144 | 641,586 |
Heritage Property Investment Trust (REIT) | 13,400 | 467,928 |
Hersha Hospitality Trust (REIT) | 14,300 | 132,847 |
Highland Hospitality Corp. (REIT) | 21,600 | 304,128 |
Highwoods Properties, Inc. (REIT) | 23,700 | 857,466 |
Home Properties, Inc. (REIT) | 15,100 | 838,201 |
HomeBanc Corp. (REIT) | 18,600 | 147,684 |
Impac Mortgage Holdings, Inc. (REIT) (a) | 28,900 | 323,102 |
Inland Real Estate Corp. (REIT) | 31,000 | 461,280 |
Innkeepers USA Trust (REIT) | 15,400 | 266,112 |
Investors Real Estate Trust (REIT) | 12,800 | 115,584 |
Jer Investors Trust, Inc. (REIT) | 8,200 | 127,510 |
Kite Realty Group Trust (REIT) | 8,700 | 135,633 |
KKR Financial Corp. (REIT) | 30,500 | 634,705 |
LaSalle Hotel Properties (REIT) | 17,200 | 796,360 |
Lexington Corporate Properties Trust (REIT) | 24,100 | 520,560 |
Longview Fibre Co. | 20,700 | 395,163 |
|
| Value ($) |
|
| |
LTC Properties, Inc. (REIT) | 7,400 | 165,390 |
Luminent Mortgage Capital, Inc. (REIT) | 19,314 | 178,848 |
Maguire Properties, Inc. (REIT) | 16,400 | 576,788 |
Medical Properties Trust, Inc. (REIT) | 18,946 | 209,164 |
MFA Mortgage Investments, Inc. (REIT) | 29,300 | 201,584 |
Mid-America Apartment Communities, Inc. (REIT) | 10,600 | 590,950 |
MortgageIT Holdings, Inc. (REIT) (a) | 14,000 | 168,840 |
National Health Investors, Inc. (REIT) | 9,600 | 258,144 |
National Retail Properties, Inc. (REIT) | 26,400 | 526,680 |
Nationwide Health Properties, Inc. (REIT) (a) | 33,100 | 745,081 |
Newcastle Investment Corp. (REIT) | 19,600 | 496,272 |
Newkirk Realty Trust, Inc. (a) | 6,100 | 105,896 |
NorthStar Realty Finance Corp. (REIT) | 14,834 | 178,156 |
NovaStar Financial, Inc. (REIT) (a) | 12,400 | 391,964 |
OMEGA Healthcare Investors, Inc. (REIT) | 20,500 | 271,010 |
Parkway Properties, Inc. (REIT) | 7,100 | 323,050 |
Pennsylvania Real Estate Investment Trust (REIT) | 16,112 | 650,441 |
Post Properties, Inc. (REIT) | 18,700 | 847,858 |
Potlatch Corp. | 15,626 | 589,881 |
PS Business Parks, Inc. (REIT) | 5,900 | 348,100 |
RAIT Investment Trust (REIT) | 13,000 | 379,600 |
Ramco-Gershenson Properties Trust (REIT) | 6,900 | 185,817 |
Realty Income Corp. (REIT) | 35,680 | 781,392 |
Redwood Trust, Inc. (REIT) | 6,800 | 332,044 |
Republic Property Trust (REIT) | 7,700 | 76,076 |
Saul Centers, Inc. (REIT) | 3,500 | 142,730 |
Saxon Capital, Inc. (REIT) | 23,700 | 271,128 |
Senior Housing Properties Trust (REIT) | 23,000 | 411,930 |
Sizeler Property Investors, Inc. (REIT) | 4,000 | 64,240 |
Sovran Self Storage, Inc. (REIT) | 6,400 | 325,056 |
Spirit Finance Corp. (REIT) | 29,160 | 328,342 |
Strategic Hotels & Resorts, Inc. (REIT) | 27,800 | 576,572 |
Sun Communities, Inc. (REIT) | 6,300 | 204,939 |
Sunstone Hotel Investors, Inc. (REIT) | 22,100 | 642,226 |
Tanger Factory Outlet Centers, Inc. (REIT) | 11,500 | 372,255 |
The Mills Corp. (REIT) | 22,100 | 590,839 |
Trustreet Properties, Inc. (REIT) | 27,500 | 362,725 |
U-Store-It Trust (REIT) | 18,500 | 348,910 |
Universal Health Realty Income Trust (REIT) | 5,800 | 181,830 |
Urstadt Biddle Properties "A" (REIT) | 5,400 | 87,966 |
Washington Real Estate Investment Trust (REIT) | 18,900 | 693,630 |
Windrose Medical Properties Trust (REIT) | 5,500 | 80,254 |
Winston Hotels, Inc. (REIT) | 9,300 | 113,925 |
Winthrop Realty Trust (REIT) | 5,900 | 35,026 |
| 36,403,894 | |
|
| Value ($) |
|
| |
Real Estate Management & Development 0.2% | ||
Affordable Residential Communities (REIT)* | 11,374 | 122,270 |
Consolidated-Tomoka Land Co. | 2,300 | 126,822 |
HouseValues, Inc.* (a) | 6,200 | 42,966 |
Move, Inc.* | 44,100 | 241,668 |
Tejon Ranch Co.* | 3,800 | 156,408 |
Trammell Crow Co.* | 15,300 | 538,101 |
| 1,228,235 | |
Thrifts & Mortgage Finance 2.5% | ||
Accredited Home Lenders Holding Co.* | 6,800 | 325,108 |
Anchor BanCorp Wisconsin, Inc. | 10,000 | 301,700 |
Bank Mutual Corp. | 29,241 | 357,325 |
BankAtlantic Bancorp., Inc. "A" | 22,200 | 329,448 |
BankUnited Financial Corp. "A" | 13,500 | 412,020 |
Berkshire Hill Bancorp., Inc. | 2,300 | 81,604 |
Brookline Bancorp, Inc. | 29,735 | 409,451 |
Charta Financial Corp. | 1,400 | 55,244 |
CharterMac | 18,900 | 353,619 |
Citizens First Bancorp., Inc. | 2,500 | 66,737 |
City Bank | 2,974 | 138,767 |
Clifton Savings Bancorp, Inc. | 2,400 | 25,992 |
Coastal Financial Corp. | 3,693 | 48,157 |
Commercial Capital Bancorp., Inc. | 19,689 | 310,102 |
Corus Bankshares, Inc. (a) | 17,400 | 455,532 |
Dime Community Bancshares | 13,469 | 182,774 |
Doral Financial Corp. | 33,200 | 212,812 |
Downey Financial Corp. | 7,900 | 535,709 |
Federal Agricultural Mortgage Corp. "C" | 5,300 | 146,810 |
Fidelity Bankshares, Inc. | 9,900 | 315,018 |
First Busey Corp. | 4,700 | 96,209 |
First Financial Holdings, Inc. | 3,900 | 124,800 |
First Niagara Financial Group, Inc. | 48,779 | 683,882 |
First Place Financial Corp. | 4,500 | 103,545 |
FirstFed Financial Corp.* (a) | 6,700 | 386,389 |
Flagstar Bancorp., Inc. | 18,650 | 297,654 |
Flushing Financial Corp. | 6,000 | 107,760 |
Franklin Bank Corp.* | 11,300 | 228,147 |
Fremont General Corp. | 25,200 | 467,712 |
Harbor Florida Bancshares, Inc. | 9,501 | 352,867 |
Horizon Financial Corp. | 4,300 | 117,949 |
ITLA Capital Corp. | 2,800 | 147,224 |
Kearny Financial Corp. | 6,797 | 100,596 |
KNBT Bancorp, Inc. | 9,300 | 153,636 |
MAF Bancorp., Inc. | 15,060 | 645,170 |
NASB Financial, Inc. | 600 | 20,250 |
NetBank, Inc. | 21,396 | 141,856 |
NewAlliance Bancshares, Inc. | 44,700 | 639,657 |
Northwest Bancorp, Inc. | 5,400 | 143,100 |
OceanFirst Financial Corp. | 3,200 | 71,104 |
Ocwen Financial Corp.* | 15,200 | 193,192 |
Partners Trust Financial Group, Inc. | 21,995 | 250,963 |
PennFed Financial Services, Inc. | 4,200 | 78,330 |
PFF Bancorp., Inc. | 8,390 | 278,212 |
Provident Financial Services, Inc. | 31,464 | 564,779 |
Provident New York Bancorp. | 15,178 | 200,653 |
Rockville Financial, Inc.* | 1,400 | 20,596 |
Sound Federal Bancorp., Inc. | 4,618 | 96,008 |
TierOne Corp. | 8,700 | 293,799 |
Triad Guaranty, Inc.* | 4,000 | 195,520 |
TrustCo Bank Corp. | 32,883 | 362,371 |
|
| Value ($) |
|
| |
United Community Financial Corp. | 12,342 | 148,104 |
W Holding Co., Inc. | 39,300 | 261,345 |
Wauwatosa Holdings, Inc.* | 4,420 | 75,405 |
Willow Grove Bancorp, Inc. | 4,000 | 63,604 |
WSFS Financial Corp. | 2,400 | 147,480 |
| 13,323,797 | |
Health Care 11.7% | ||
Biotechnology 2.9% | ||
Acadia Pharmaceuticals, Inc.* | 11,591 | 97,828 |
ADVENTRX Pharmaceuticals, Inc.* | 17,500 | 55,443 |
Alexion Pharmaceuticals, Inc.* | 12,635 | 456,376 |
Alkermes, Inc.* | 35,300 | 667,876 |
Alnylam Pharmaceuticals, Inc.* | 11,800 | 177,843 |
Altus Pharmaceuticals, Inc.* | 2,000 | 36,879 |
Applera Corp.-Celera Genomics Group* | 29,200 | 378,140 |
Arena Pharmaceuticals, Inc.* | 20,800 | 240,864 |
ARIAD Pharmaceuticals, Inc.* (a) | 30,900 | 139,359 |
Array BioPharma, Inc.* | 18,100 | 155,660 |
AVI BioPharma, Inc.* | 20,200 | 75,708 |
BioCryst Pharmaceuticals, Inc.* | 8,200 | 117,439 |
Bioenvision, Inc.* | 19,600 | 104,468 |
BioMarin Pharmaceutical, Inc.* | 37,028 | 532,092 |
Cell Genesys, Inc.* (a) | 24,100 | 120,982 |
Cepheid, Inc.* | 20,600 | 200,026 |
Coley Pharmaceutical Group, Inc.* | 5,613 | 64,830 |
Combinatorx, Inc.* | 8,100 | 71,158 |
Cotherix, Inc.* | 9,167 | 78,928 |
Cubist Pharmaceuticals, Inc.* | 20,757 | 522,661 |
CV Therapeutics, Inc.* (a) | 17,022 | 237,797 |
Cytokinetics, Inc.* | 7,700 | 48,405 |
deCODE genetics, Inc.* (a) | 25,300 | 156,607 |
Dendreon Corp.* (a) | 35,700 | 172,788 |
Digene Corp.* | 7,700 | 298,298 |
Encysive Pharmaceuticals, Inc.* | 26,146 | 181,192 |
Enzon Pharmaceuticals, Inc.* (a) | 20,700 | 156,078 |
Genitope Corp.* (a) | 13,200 | 83,424 |
Genomic Health, Inc.* | 3,441 | 40,501 |
Genta, Inc.* | 61,400 | 100,641 |
Geron Corp.* (a) | 24,000 | 165,600 |
GTx, Inc.* | 2,946 | 26,809 |
Hana Biosciences, Inc.* | 10,100 | 91,554 |
Human Genome Sciences, Inc.* | 51,500 | 551,050 |
ICOS Corp.* | 25,400 | 558,546 |
Idenix Pharmaceuticals, Inc.* | 11,304 | 106,258 |
Incyte Corp.* | 40,100 | 184,460 |
Indevus Pharmaceuticals, Inc.* | 21,900 | 119,725 |
InterMune, Inc.* | 12,200 | 200,690 |
Isis Pharmaceuticals, Inc.* | 27,268 | 164,971 |
Keryx Biopharmaceuticals, Inc.* | 16,000 | 227,200 |
Lexicon Genetics, Inc.* | 21,622 | 94,921 |
Mannkind Corp.* (a) | 8,200 | 174,742 |
Martek Biosciences Corp.* | 12,400 | 358,980 |
Maxygen, Inc.* | 9,100 | 68,068 |
Medarex, Inc.* | 47,500 | 456,475 |
Metabasis Therapeutics, Inc.* | 6,300 | 48,042 |
Momenta Pharmaceutical, Inc.* | 7,500 | 95,325 |
Monogram Biosciences, Inc.* | 62,900 | 124,542 |
Myogen, Inc.* | 16,647 | 482,763 |
Myriad Genetics, Inc.* | 15,100 | 381,275 |
Nabi Biopharmaceuticals* (a) | 28,633 | 164,353 |
Neurocrine Biosciences, Inc.* (a) | 15,700 | 166,420 |
Northfield Laboratories, Inc.* (a) | 12,300 | 121,647 |
|
| Value ($) |
|
| |
Novavax, Inc.* | 24,800 | 124,920 |
NPS Pharmaceuticals, Inc.* | 22,270 | 108,678 |
Nuvelo, Inc.* | 19,633 | 326,889 |
Onyx Pharmaceuticals, Inc.* | 15,600 | 262,548 |
OSI Pharmaceuticals, Inc.* | 22,500 | 741,177 |
Panacos Pharmaceuticals, Inc.* | 17,800 | 98,201 |
Peregrine Pharmaceuticals, Inc.* | 79,600 | 126,492 |
Pharmion Corp.* | 10,800 | 183,924 |
Progenics Pharmaceuticals, Inc.* | 10,400 | 250,224 |
Regeneron Pharmaceuticals, Inc.* | 17,200 | 220,504 |
Renovis, Inc.* | 8,000 | 122,480 |
Rigel Pharmaceuticals, Inc.* | 12,300 | 119,679 |
Sangamo BioSciences, Inc.* | 14,000 | 82,552 |
Savient Pharmaceuticals, Inc.* | 26,860 | 141,015 |
Senomyx, Inc.* | 11,020 | 159,019 |
Sirna Therapeutics, Inc.* | 14,400 | 82,034 |
Solexa, Inc.* | 7,800 | 66,263 |
Tanox, Inc.* (a) | 10,600 | 146,598 |
Telik, Inc.* (a) | 23,300 | 384,450 |
Trimeris, Inc.* | 10,102 | 116,072 |
United Therapeutics Corp.* | 9,128 | 527,325 |
ZymoGenetics, Inc.* | 16,400 | 311,108 |
| 15,606,859 | |
Health Care Equipment & Supplies 3.2% | ||
Abaxis, Inc.* | 9,000 | 201,330 |
ABIOMED, Inc.* | 7,900 | 102,463 |
Adeza Biomedical Corp.* | 7,000 | 98,140 |
Align Technology, Inc.* (a) | 22,300 | 164,797 |
American Medical Systems Holdings, Inc.* | 29,800 | 496,170 |
Analogic Corp. | 6,500 | 302,965 |
AngioDynamics, Inc.* | 4,300 | 116,315 |
Arrow International, Inc. | 8,100 | 266,247 |
ArthroCare Corp.* | 11,000 | 462,110 |
Aspect Medical Systems, Inc.* | 7,400 | 129,056 |
Biosite, Inc.* | 7,715 | 352,267 |
Candela Corp.* | 10,800 | 171,288 |
Cerus Corp.* | 9,500 | 67,696 |
Conceptus, Inc.* | 10,400 | 141,775 |
Conmed Corp.* | 12,261 | 253,803 |
Conor Medsystems, Inc.* | 11,550 | 318,665 |
Cyberonics, Inc.* | 7,951 | 169,515 |
Datascope Corp. | 4,206 | 129,713 |
Dexcom, Inc.* | 5,611 | 76,197 |
Diagnostic Products Corp. | 9,600 | 558,432 |
DJO, Inc.* | 8,600 | 316,738 |
Encore Medical Corp.* | 21,500 | 103,415 |
ev3, Inc.* (a) | 5,153 | 76,316 |
Foxhollow Technologies, Inc.* (a) | 7,000 | 191,240 |
Greatbatch, Inc.* | 7,800 | 184,080 |
Haemonetics Corp.* | 10,100 | 469,751 |
HealthTronics, Inc.* | 16,000 | 122,400 |
Hologic, Inc.* | 18,400 | 908,224 |
I-Flow Corp.* | 10,500 | 113,610 |
ICU Medical, Inc.* | 6,600 | 278,784 |
Immucor, Inc.* | 26,093 | 501,768 |
Integra LifeSciences Holdings* | 8,700 | 337,647 |
Intermagnetics General Corp.* | 18,006 | 485,802 |
IntraLase Corp.* | 6,900 | 115,506 |
Invacare Corp. | 11,500 | 286,120 |
Inverness Medical Innovations, Inc.* | 10,500 | 296,415 |
IRIS International, Inc.* | 9,000 | 118,440 |
|
| Value ($) |
|
| |
Kensey Nash Corp.* | 5,100 | 150,450 |
Kyphon, Inc.* | 17,200 | 659,792 |
Laserscope* | 8,600 | 264,966 |
LifeCell Corp.* | 12,800 | 395,776 |
Medical Action Industries, Inc.* | 2,600 | 57,401 |
Mentor Corp. | 13,992 | 608,652 |
Meridian Bioscience, Inc. | 9,100 | 227,045 |
Merit Medical System, Inc.* | 13,144 | 180,862 |
Natus Medical, Inc.* | 8,900 | 87,971 |
Neurometrix, Inc.* | 5,700 | 173,622 |
NuVasive, Inc.* | 14,600 | 266,158 |
NxStage Medical, Inc.* | 2,885 | 25,186 |
OraSure Technologies, Inc.* | 20,700 | 197,064 |
Palomar Medical Technologies, Inc.* | 7,400 | 337,662 |
PolyMedica Corp. | 10,200 | 366,792 |
Quidel Corp.* | 10,700 | 101,592 |
Sirona Dental Systems, Inc. | 7,200 | 285,264 |
SonoSite, Inc.* | 7,328 | 286,085 |
Spectranetics Corp.* | 12,200 | 130,784 |
Stereotaxis, Inc.* | 11,050 | 119,230 |
STERIS Corp. | 26,700 | 610,362 |
SurModics, Inc.* (a) | 7,300 | 263,603 |
Symmetry Medical, Inc.* | 12,600 | 194,040 |
ThermoGenesis Corp.* | 26,500 | 109,180 |
Thoratec Corp.* | 19,960 | 276,845 |
TriPath Imaging, Inc.* | 12,900 | 85,398 |
Viasys Healthcare, Inc.* | 12,100 | 309,760 |
Vital Signs, Inc. | 2,200 | 108,966 |
West Pharmaceutical Services, Inc. | 12,272 | 445,228 |
Wright Medical Group, Inc.* | 13,800 | 288,834 |
Young Innovations, Inc. | 1,000 | 35,230 |
Zoll Medical Corp.* | 5,000 | 163,800 |
| 17,298,800 | |
Health Care Providers & Services 2.3% | ||
Air Methods Corp.* | 4,800 | 125,664 |
Alliance Imaging, Inc.* | 6,400 | 40,960 |
Amedisys, Inc.* (a) | 7,200 | 272,880 |
American Retirement Corp.* | 13,600 | 445,672 |
AMERIGROUP Corp.* | 20,200 | 627,008 |
AMN Healthcare Services, Inc.* | 12,000 | 243,600 |
AmSurg Corp.* | 11,200 | 254,800 |
Apria Healthcare Group, Inc.* | 17,900 | 338,310 |
Bio-Reference Laboratories, Inc.* | 5,500 | 119,680 |
Capital Senior Living Corp.* | 6,400 | 65,754 |
Centene Corp.* | 16,400 | 385,892 |
Chemed Corp. | 10,100 | 550,753 |
CorVel Corp.* | 2,300 | 57,500 |
Cross Country Healthcare, Inc.* | 14,400 | 261,936 |
Five Star Quality Care, Inc.* | 11,300 | 125,020 |
Genesis HealthCare Corp.* | 8,650 | 409,751 |
Gentiva Health Services, Inc.* | 12,800 | 205,184 |
HealthExtras, Inc.* | 10,200 | 308,244 |
Healthspring, Inc.* | 6,400 | 120,000 |
Healthways, Inc.* | 14,100 | 742,224 |
Horizon Health Corp.* | 6,800 | 141,984 |
Hythiam, Inc.* | 12,400 | 86,378 |
InVentiv Health, Inc.* | 12,900 | 371,262 |
Kindred Healthcare, Inc.* | 13,600 | 353,600 |
Landauer, Inc. | 3,300 | 158,070 |
LCA-Vision, Inc. | 8,000 | 423,280 |
LHC Group, Inc.* | 3,349 | 66,712 |
Magellan Health Services, Inc.* | 15,600 | 706,836 |
|
| Value ($) |
|
| |
Matria Healthcare, Inc.* | 9,653 | 206,767 |
MedCath Corp.* | 4,200 | 79,128 |
Molina Healthcare, Inc.* | 4,300 | 163,615 |
MWI Veterinary Supply, Inc.* | 1,589 | 57,887 |
National Healthcare Corp. | 1,800 | 80,190 |
Odyssey HealthCare, Inc.* | 15,675 | 275,410 |
Option Care, Inc. | 12,900 | 154,542 |
Owens & Minor, Inc. | 15,000 | 429,000 |
Providence Service Corp.* | 6,138 | 167,138 |
PSS World Medical, Inc.* | 29,663 | 523,552 |
Psychiatric Solutions, Inc.* | 22,300 | 639,118 |
Radiation Therapy Services, Inc.* | 4,300 | 115,713 |
RehabCare Group, Inc.* | 8,100 | 140,778 |
Res-Care, Inc.* | 10,000 | 200,000 |
Sun Healthcare Group, Inc.* | 11,100 | 96,404 |
Sunrise Senior Living, Inc.* | 17,050 | 471,433 |
Symbion, Inc.* | 6,100 | 126,636 |
United Surgical Partners International, Inc.* | 19,150 | 575,840 |
VistaCare, Inc. "A"* | 6,500 | 78,650 |
| 12,590,755 | |
Health Care Technology 0.4% | ||
Allscripts Healthcare Solutions, Inc.* | 17,400 | 305,370 |
Computer Programs & Systems, Inc. | 4,500 | 179,820 |
Dendrite International, Inc.* | 14,424 | 133,278 |
Eclipsys Corp.* | 17,106 | 310,645 |
Emageon, Inc.* | 9,500 | 138,605 |
Merge Technologies, Inc.* | 9,700 | 119,407 |
Omnicell, Inc.* | 9,800 | 135,358 |
Per-Se Technologies, Inc.* | 14,649 | 368,862 |
Phase Forward, Inc.* | 12,243 | 141,039 |
TriZetto Group, Inc.* | 19,400 | 286,926 |
Vital Images, Inc.* | 6,600 | 163,020 |
| 2,282,330 | |
Life Sciences Tools & Services 1.3% | ||
Advanced Magnetics, Inc.* | 3,600 | 108,730 |
Affymetrix, Inc.* | 26,600 | 680,960 |
Albany Molecular Research, Inc.* | 11,000 | 117,480 |
Bio-Rad Laboratories, Inc. "A"* | 7,100 | 461,074 |
Bruker BioSciences Corp.* | 11,538 | 61,844 |
Cambrex Corp. | 10,303 | 214,611 |
Dionex Corp.* | 8,660 | 473,356 |
Diversa Corp.* | 10,600 | 102,396 |
Enzo Biochem, Inc.* | 12,337 | 186,042 |
eResearch Technology, Inc.* (a) | 22,200 | 202,020 |
Exelixis, Inc.* | 35,900 | 360,795 |
Illumina, Inc.* | 16,000 | 474,560 |
Kendle International, Inc.* | 5,400 | 198,229 |
Luminex Corp.* | 11,700 | 203,463 |
Molecular Devices Corp.* | 7,800 | 238,368 |
Nektar Therapeutics* | 35,500 | 651,070 |
PAREXEL International Corp.* | 12,060 | 347,931 |
PRA International* | 6,900 | 153,663 |
Serologicals Corp.* | 13,800 | 433,872 |
SFBC International, Inc.* (a) | 8,300 | 125,828 |
Varian, Inc.* | 13,528 | 561,547 |
Ventana Medical Systems, Inc.* | 12,292 | 579,937 |
| 6,937,776 | |
Pharmaceuticals 1.6% | ||
Adams Respiratory Therapeutics, Inc.* | 12,700 | 566,674 |
|
| Value ($) |
|
| |
Adolor Corp.* | 19,400 | 485,194 |
Akorn, Inc.* | 14,600 | 58,074 |
Alpharma, Inc. "A" | 16,190 | 389,208 |
Andrx Corp.* | 28,700 | 665,553 |
AtheroGenics, Inc.* (a) | 17,600 | 229,680 |
Auxilium Pharmaceuticals, Inc.* | 6,700 | 52,097 |
AVANIR Pharmaceuticals "A"* (a) | 15,100 | 103,284 |
Bentley Pharmaceuticals, Inc.* | 8,600 | 94,256 |
Bradley Pharmaceuticals, Inc.* | 7,200 | 73,398 |
Caraco Pharmaceutical Laboratories Ltd.* | 1,500 | 13,725 |
CNS, Inc. | 6,400 | 156,800 |
Connetics Corp.* | 15,511 | 182,409 |
Cypress Bioscience, Inc.* | 17,600 | 108,064 |
DepoMed, Inc.* | 17,800 | 104,427 |
Durect Corp.* (a) | 20,000 | 77,400 |
Emisphere Technologies, Inc.* | 11,400 | 97,186 |
Hi-Tech Pharmacal Co., Inc.* | 4,150 | 68,766 |
K-V Pharmaceutical Co. "A"* | 14,450 | 269,637 |
Medicines Co.* | 19,300 | 377,315 |
Medicis Pharmaceutical Corp. "A" | 20,700 | 496,800 |
MGI Pharma, Inc.* | 30,700 | 660,050 |
Nastech Pharmaceutical Co., Inc.* | 9,700 | 153,260 |
New River Pharmaceuticals, Inc.* (a) | 6,600 | 188,100 |
Noven Pharmaceuticals, Inc.* | 11,500 | 205,850 |
Pain Therapeutics, Inc.* (a) | 16,200 | 135,270 |
Par Pharmaceutical Companies, Inc.* | 13,100 | 241,826 |
Penwest Pharmaceuticals Co.* | 10,200 | 222,666 |
Perrigo Co. | 33,698 | 542,538 |
POZEN, Inc.* (a) | 12,100 | 85,184 |
Salix Pharmaceuticals Ltd.* | 20,050 | 246,615 |
Santarus, Inc.* | 21,200 | 140,899 |
Sciele Pharma, Inc.* | 12,600 | 292,194 |
Somaxon Pharmaceuticals, Inc.* | 1,400 | 21,842 |
SuperGen, Inc.* (a) | 27,283 | 99,037 |
Valeant Pharmaceuticals International | 36,300 | 614,196 |
ViroPharma, Inc.* | 26,200 | 225,844 |
Xenoport, Inc.* | 5,720 | 103,589 |
| 8,848,907 | |
Industrials 13.7% | ||
Aerospace & Defense 1.4% | ||
AAR Corp.* | 13,650 | 303,440 |
Argon ST, Inc.* | 4,283 | 114,056 |
Aviall, Inc.* | 13,300 | 632,016 |
BE Aerospace, Inc.* | 32,100 | 733,806 |
Ceradyne, Inc.* | 10,475 | 518,408 |
Cubic Corp. | 5,400 | 105,894 |
Curtiss-Wright Corp. | 19,200 | 592,896 |
DHB Industries, Inc.* | 15,000 | 5,888 |
DynCorp International, Inc. "A"* | 8,200 | 85,068 |
EDO Corp. | 5,800 | 141,172 |
Essex Corp.* | 9,000 | 165,780 |
Esterline Technologies Corp.* | 9,500 | 395,105 |
GenCorp, Inc.* | 25,083 | 402,080 |
HEICO Corp. (a) | 9,600 | 272,160 |
Herley Industries, Inc.* | 8,700 | 97,527 |
Hexcel Corp.* | 36,100 | 567,131 |
Innovative Solutions & Support, Inc.* | 6,250 | 87,875 |
Ionatron, Inc.* (a) | 14,729 | 93,529 |
|
| Value ($) |
|
| |
K&F Industries Holdings, Inc.* | 6,036 | 107,018 |
Ladish Co., Inc.* | 6,100 | 228,436 |
Moog, Inc. "A"* | 13,875 | 474,803 |
MTC Technologies, Inc.* | 2,900 | 68,527 |
Orbital Sciences Corp.* | 20,760 | 335,066 |
Taser International, Inc.* (a) | 25,700 | 203,287 |
Teledyne Technologies, Inc.* | 13,122 | 429,877 |
Triumph Group, Inc.* | 5,800 | 278,400 |
United Industrial Corp. | 4,300 | 194,575 |
| 7,633,820 | |
Air Freight & Logistics 0.5% | ||
ABX Air, Inc.* | 27,400 | 165,496 |
Atlas Air Worldwide Holdings, Inc.* | 7,517 | 368,633 |
Dynamex, Inc.* | 3,080 | 67,175 |
EGL, Inc.* | 12,080 | 606,416 |
Forward Air Corp. | 13,737 | 559,508 |
Hub Group, Inc. "A"* | 14,900 | 365,497 |
Pacer International, Inc. | 16,000 | 521,280 |
| 2,654,005 | |
Airlines 0.6% | ||
Airtran Holdings, Inc.* | 35,400 | 526,044 |
Alaska Air Group, Inc.* | 15,900 | 626,778 |
ExpressJet Holdings, Inc.* | 24,900 | 172,059 |
Frontier Airlines Holdings, Inc.* (a) | 18,229 | 131,431 |
JetBlue Airways Corp.* | 68,500 | 831,117 |
Mesa Air Group, Inc.* | 17,900 | 176,315 |
Republic Airways Holdings, Inc.* | 11,879 | 202,181 |
SkyWest, Inc. | 25,800 | 639,840 |
| 3,305,765 | |
Building Products 0.7% | ||
AAON, Inc.* | 3,200 | 82,112 |
American Woodmark Corp. | 5,500 | 192,720 |
Ameron International Corp. | 3,100 | 207,762 |
Apogee Enterprises, Inc. | 13,700 | 201,390 |
Builders FirstSource, Inc.* | 5,800 | 118,088 |
ElkCorp. | 8,460 | 234,934 |
Goodman Global, Inc.* | 7,900 | 119,853 |
Griffon Corp.* | 10,770 | 281,097 |
Insteel Industries, Inc. | 6,200 | 149,955 |
Jacuzzi Brands, Inc.* | 28,514 | 250,923 |
NCI Building Systems, Inc.* | 8,300 | 441,311 |
PW Eagle, Inc. | 4,800 | 145,070 |
Simpson Manufacturing Co., Inc. | 16,000 | 576,800 |
Trex Co., Inc.* (a) | 5,900 | 152,751 |
Universal Forest Products, Inc. | 7,300 | 457,929 |
| 3,612,695 | |
Commercial Services & Supplies 3.9% | ||
ABM Industries, Inc. | 15,900 | 271,890 |
Acco Brands Corp.* | 17,100 | 374,276 |
Administaff, Inc. | 8,800 | 315,128 |
American Ecology Corp. | 7,000 | 185,500 |
American Reprographics Co.* | 11,240 | 407,450 |
AMREP Corp.* | 1,000 | 54,289 |
Banta Corp. | 9,200 | 426,236 |
Barrett Business Services, Inc.* | 1,700 | 31,177 |
Bowne & Co., Inc. | 15,300 | 218,790 |
Brady Corp. "A" | 17,800 | 655,752 |
Casella Waste Systems, Inc. "A"* | 8,600 | 112,574 |
CBIZ, Inc.* | 23,228 | 172,119 |
CDI Corp. | 4,600 | 133,400 |
Central Parking Corp. | 4,233 | 67,728 |
|
| Value ($) |
|
| |
Cenveo Inc.* | 20,280 | 364,026 |
Clean Harbors, Inc.* | 6,900 | 278,139 |
Coinstar, Inc.* | 10,428 | 249,646 |
COMSYS IT Partners, Inc.* | 7,874 | 119,055 |
Consolidated Graphics, Inc.* | 4,600 | 239,476 |
Cornell Companies, Inc.* | 3,100 | 47,589 |
CoStar Group, Inc.* | 7,500 | 448,725 |
CRA International, Inc.* | 5,400 | 243,756 |
Deluxe Corp. | 19,800 | 345,906 |
DiamondCluster International, Inc.* | 14,000 | 110,880 |
Ennis, Inc. | 11,400 | 224,352 |
Exponent, Inc.* | 4,700 | 79,430 |
First Advantage Corp. "A"* | 4,100 | 95,366 |
First Consulting Group, Inc.* | 6,600 | 58,311 |
FTI Consulting, Inc.* | 15,000 | 401,550 |
G & K Services, Inc. "A" | 7,672 | 263,150 |
Geo Group, Inc.* | 5,900 | 206,795 |
Global Cash Access, Inc.* | 12,100 | 189,123 |
Healthcare Services Group, Inc. | 12,625 | 264,494 |
Heidrick & Struggles International, Inc.* | 8,244 | 278,977 |
Herman Miller, Inc. | 46,728 | 1,204,181 |
Hudson Highland Group, Inc.* | 12,200 | 131,638 |
Huron Consulting Group, Inc.* | 6,371 | 223,558 |
ICT Group, Inc.* | 2,000 | 49,032 |
IHS, Inc. "A"* | 8,400 | 248,892 |
IKON Office Solutions, Inc. | 47,700 | 601,020 |
John H. Harland Co. | 12,000 | 522,000 |
Kelly Services, Inc. "A" | 8,200 | 222,794 |
Kenexa Corp.* | 5,733 | 182,596 |
Kforce, Inc.* | 13,400 | 207,566 |
Knoll, Inc. | 11,856 | 217,676 |
Korn/Ferry International* | 15,923 | 311,932 |
Labor Ready, Inc.* | 21,000 | 475,650 |
Layne Christensen Co.* | 6,100 | 172,935 |
LECG Corp.* | 8,400 | 155,148 |
M&F Worldwide Corp.* | 4,800 | 77,280 |
McGrath Rentcorp. | 8,000 | 222,480 |
Mine Safety Appliances Co. | 11,600 | 466,320 |
Mobile Mini, Inc.* | 15,348 | 449,083 |
Navigant Consulting, Inc.* | 18,175 | 411,664 |
NCO Group, Inc.* | 14,011 | 370,451 |
On Assignment, Inc.* | 8,600 | 78,989 |
PeopleSupport, Inc.* | 8,900 | 119,725 |
PHH Corp.* | 20,500 | 564,570 |
Pike Electric Corp.* | 5,208 | 100,306 |
Resources Connection, Inc.* | 21,200 | 530,424 |
Rollins, Inc. | 12,375 | 243,045 |
Schawk, Inc. | 7,400 | 129,500 |
School Specialty, Inc.* | 10,600 | 337,610 |
Sirva, Inc.* | 17,700 | 114,519 |
SITEL Corp.* | 19,200 | 75,222 |
SOURCECORP, Inc.* | 7,783 | 192,941 |
Spherion Corp.* | 22,543 | 205,592 |
Standard Parking Corp.* | 1,400 | 37,890 |
Standard Register Co. | 4,800 | 56,880 |
Synagro Technologies, Inc. | 18,500 | 72,664 |
Taleo Corp. "A"* | 3,816 | 44,991 |
Team, Inc.* | 3,400 | 85,121 |
TeleTech Holdings, Inc.* | 14,000 | 177,240 |
Tetra Tech, Inc.* | 21,716 | 385,242 |
The Advisory Board Co.* | 7,400 | 355,866 |
United Stationers, Inc.* | 13,751 | 678,199 |
|
| Value ($) |
|
| |
Viad Corp. | 8,000 | 250,400 |
Volt Information Sciences, Inc.* | 3,900 | 181,740 |
Waste Connections, Inc.* | 18,650 | 678,860 |
Waste Industries USA, Inc. | 2,000 | 45,334 |
Waste Services, Inc.* | 9,233 | 83,008 |
Watson Wyatt Worldwide, Inc. "A" | 16,100 | 565,754 |
| 21,250,583 | |
Construction & Engineering 0.6% | ||
Comfort Systems USA, Inc. | 14,800 | 211,492 |
EMCOR Group, Inc.* | 12,100 | 588,907 |
Granite Construction, Inc. | 14,850 | 672,260 |
Infrasource Services, Inc.* | 9,657 | 175,854 |
Insituform Technologies, Inc. "A"* | 12,590 | 288,185 |
Integrated Electrical Services, Inc.* | 4,300 | 75,078 |
Perini Corp.* | 7,800 | 175,500 |
Sterling Construction Co., Inc.* | 4,100 | 113,160 |
Washington Group International, Inc.* | 12,500 | 666,750 |
| 2,967,186 | |
Electrical Equipment 1.6% | ||
A.O. Smith Corp. | 7,660 | 355,118 |
Acuity Brands, Inc. | 19,431 | 756,060 |
American Superconductor Corp.* (a) | 14,900 | 131,567 |
Baldor Electric Co. | 12,697 | 397,289 |
Belden CDT, Inc. | 18,338 | 606,071 |
Capstone Turbine Corp.* | 36,200 | 82,489 |
China BAK Battery, Inc.* | 9,000 | 76,546 |
Encore Wire Corp.* (a) | 8,850 | 318,069 |
Energy Conversion Devices, Inc.* | 15,209 | 554,064 |
EnerSys* | 17,500 | 365,750 |
Evergreen Solar, Inc.* (a) | 25,700 | 333,586 |
Franklin Electric Co., Inc. | 9,600 | 495,744 |
FuelCell Energy, Inc.* (a) | 22,400 | 214,592 |
General Cable Corp.* | 19,450 | 680,750 |
Genlyte Group, Inc.* | 10,600 | 767,758 |
GrafTech International Ltd.* | 36,998 | 214,588 |
II-VI, Inc.* | 9,400 | 172,020 |
Lamson & Sessions Co.* | 4,900 | 138,885 |
LSI Industries, Inc. | 9,575 | 162,679 |
Medis Technologies Ltd.* (a) | 9,065 | 183,838 |
Plug Power, Inc.* | 25,771 | 120,351 |
Powell Industries, Inc.* | 2,100 | 50,253 |
Power-One, Inc.* | 24,200 | 159,720 |
Regal-Beloit Corp. | 11,700 | 516,555 |
Superior Essex, Inc.* | 8,740 | 261,588 |
Vicor Corp. | 6,174 | 102,303 |
Woodward Governor Co. | 11,300 | 344,763 |
| 8,562,996 | |
Industrial Conglomerates 0.1% | ||
Raven Industries, Inc. | 7,100 | 223,650 |
Sequa Corp. "A"* | 2,400 | 195,600 |
Standex International Corp. | 3,800 | 115,330 |
Tredegar Corp. | 12,155 | 192,292 |
| 726,872 | |
Machinery 2.5% | ||
3D Systems Corp.* | 3,700 | 74,333 |
Accuride Corp.* | 7,066 | 88,113 |
Actuant Corp. "A" | 10,400 | 519,480 |
Albany International Corp. "A" | 9,852 | 417,626 |
American Railcar Industries, Inc. | 4,500 | 148,995 |
|
| Value ($) |
|
| |
American Science & Engineering, Inc.* | 3,700 | 214,304 |
Ampco-Pittsburgh Corp. | 3,600 | 103,081 |
Astec Industries, Inc.* | 6,860 | 234,063 |
ASV, Inc.* (a) | 8,700 | 200,448 |
Badger Meter, Inc. | 4,512 | 121,824 |
Barnes Group, Inc. | 17,400 | 347,130 |
Basin Water, Inc.* | 4,600 | 46,066 |
Briggs & Stratton Corp. | 19,600 | 609,756 |
Bucyrus International, Inc. "A" | 12,250 | 618,625 |
Cascade Corp. | 5,200 | 205,660 |
CIRCOR International, Inc. | 5,200 | 158,548 |
Clarcor, Inc. | 20,900 | 622,611 |
Columbus McKinnon Corp.* | 6,500 | 141,230 |
Commercial Vehicle Group, Inc.* | 7,375 | 152,515 |
Dynamic Materials Corp. | 5,200 | 175,396 |
EnPro Industries, Inc.* | 8,200 | 275,520 |
ESCO Technologies, Inc.* | 9,734 | 520,282 |
Federal Signal Corp. | 20,630 | 312,338 |
Flanders Corp.* | 7,900 | 79,237 |
Flow International Corp.* | 15,500 | 217,961 |
Freightcar America, Inc. | 4,800 | 266,448 |
Gehl Co.* | 5,115 | 130,586 |
Gorman-Rupp Co. | 2,550 | 67,830 |
Greenbrier Companies, Inc. | 4,700 | 153,878 |
Kadant, Inc.* | 6,680 | 153,640 |
Kaydon Corp. | 12,690 | 473,464 |
L.B. Foster Co. "A"* | 4,900 | 118,855 |
Lindsay Manufacturing Co. | 5,750 | 155,940 |
Middleby Corp.* | 3,000 | 259,680 |
Miller Industries, Inc.* | 3,000 | 62,065 |
Mueller Industries, Inc. | 16,000 | 528,480 |
Mueller Water Products, Inc. "A"* | 12,200 | 212,402 |
NACCO Industries, Inc. "A" | 2,125 | 291,996 |
Navistar International Corp.* | 24,100 | 593,101 |
Nordson Corp. | 12,600 | 619,668 |
RBC Bearings, Inc.* | 9,345 | 212,132 |
Robbins & Myers, Inc. | 6,400 | 167,296 |
Tecumseh Products Co. "A"* | 8,241 | 158,227 |
Tennant Co. | 3,900 | 196,092 |
Titan International, Inc. (a) | 7,400 | 138,454 |
Trinity Industries, Inc. | 1 | 20 |
TurboChef Technologies, Inc.* (a) | 3,800 | 42,256 |
Valmont Industries, Inc. | 8,200 | 381,218 |
Wabash National Corp. | 14,500 | 222,720 |
Wabtec Corp. | 19,771 | 739,436 |
Watts Water Technologies, Inc. "A" | 10,480 | 351,604 |
| 13,302,630 | |
Marine 0.1% | ||
American Commercial Lines, Inc.* | 12,000 | 722,589 |
Horizon Lines, Inc. "A" | 4,064 | 65,105 |
| 787,694 | |
Road & Rail 1.0% | ||
AMERCO* | 4,400 | 442,904 |
Arkansas Best Corp. | 10,189 | 511,590 |
Celadon Group, Inc.* | 10,300 | 227,012 |
Dollar Thrifty Automotive Group, Inc.* | 10,700 | 482,249 |
Florida East Coast Industries, Inc. | 15,000 | 784,950 |
Genesee & Wyoming, Inc.* | 13,900 | 493,033 |
Heartland Express, Inc. | 23,781 | 425,442 |
Knight Transportation, Inc. | 21,492 | 434,138 |
|
| Value ($) |
|
| |
Marten Transport Ltd.* | 7,400 | 160,876 |
Old Dominion Freight Line, Inc.* | 11,950 | 449,201 |
P.A.M. Transportation Services, Inc.* | 1,226 | 35,419 |
Patriot Transportation Holding, Inc.* | 300 | 26,019 |
RailAmerica, Inc.* | 19,800 | 207,108 |
SCS Transportation, Inc.* | 6,949 | 191,306 |
Universal Truckload Services, Inc.* | 3,310 | 112,970 |
US Xpress Enterprises, Inc. "A"* | 4,700 | 126,994 |
USA Truck, Inc.* | 4,300 | 76,626 |
Werner Enterprises, Inc. | 23,000 | 466,210 |
| 5,654,047 | |
Trading Companies & Distributors 0.7% | ||
Applied Industrial Technologies, Inc. | 19,750 | 480,122 |
Beacon Roofing Supply, Inc.* | 18,808 | 413,964 |
BlueLinx Holdings, Inc. | 6,130 | 79,874 |
Electro Rent Corp.* | 5,900 | 94,518 |
H&E Equipment Services, Inc.* | 5,500 | 161,975 |
Interline Brands, Inc.* | 9,900 | 231,462 |
Kaman Corp. | 11,000 | 200,200 |
Lawson Products, Inc. | 1,000 | 39,420 |
NuCo2, Inc.* | 7,400 | 177,896 |
Rush Enterprises, Inc. "A"* | 11,000 | 199,870 |
TAL International Group, Inc.* | 5,600 | 134,960 |
TransDigm Group, Inc.* | 3,490 | 83,586 |
UAP Holding Corp. | 22,000 | 479,820 |
Watsco, Inc. | 10,753 | 643,244 |
Williams Scotsman International, Inc.* | 13,200 | 288,288 |
| 3,709,199 | |
Transportation Infrastructure 0.0% | ||
Interpool, Inc. | 3,511 | 78,014 |
Star Maritime Acquisition Corp.* | 7,800 | 79,248 |
| 157,262 | |
Information Technology 18.0% | ||
Communications Equipment 2.6% | ||
3Com Corp.* | 158,400 | 811,008 |
ADTRAN, Inc. | 27,700 | 621,311 |
Anaren, Inc.* | 8,470 | 173,550 |
Andrew Corp.* | 62,100 | 550,206 |
Arris Group, Inc.* | 41,800 | 548,416 |
Avanex Corp.* | 60,300 | 106,068 |
Avocent Corp.* | 20,800 | 546,000 |
Bel Fuse, Inc. "B" | 3,535 | 115,983 |
Black Box Corp. | 6,874 | 263,480 |
Blue Coat Systems, Inc.* | 6,900 | 116,334 |
Bookham, Inc.* | 27,100 | 91,005 |
C-COR, Inc.* | 17,966 | 138,698 |
Carrier Access Corp.* | 6,600 | 54,551 |
CommScope, Inc.* | 22,700 | 713,234 |
Comtech Group, Inc.* | 7,300 | 81,203 |
Comtech Telecommunications Corp.* | 9,350 | 273,674 |
Digi International, Inc.* | 10,500 | 131,565 |
Ditech Networks, Inc.* | 15,800 | 137,776 |
Dycom Industries, Inc.* | 14,866 | 316,497 |
EMS Technologies, Inc.* | 4,800 | 86,256 |
Extreme Networks, Inc.* | 54,200 | 225,472 |
Finisar Corp.* (a) | 87,900 | 287,433 |
Foundry Networks, Inc.* | 57,100 | 608,686 |
|
| Value ($) |
|
| |
Harmonic, Inc.* | 35,100 | 157,248 |
Inter-Tel, Inc. | 9,890 | 208,283 |
InterDigital Communications Corp.* | 22,500 | 785,475 |
Ixia* | 15,500 | 139,500 |
Loral Space & Communications, Inc.* | 3,700 | 104,872 |
MasTec, Inc.* | 14,900 | 196,829 |
MRV Communications, Inc.* | 58,034 | 180,486 |
NETGEAR, Inc.* | 13,400 | 290,110 |
Oplink Communications, Inc.* | 7,771 | 142,287 |
Optical Communication Products, Inc. "A"* | 7,400 | 14,874 |
Packeteer, Inc.* | 16,600 | 188,244 |
ParkerVision, Inc.* | 6,000 | 54,569 |
Pegasus Wireless Corp.* | 20,400 | 182,272 |
Plantronics, Inc. | 18,600 | 413,106 |
Polycom, Inc.* | 35,300 | 773,776 |
Powerwave Technologies, Inc.* | 43,400 | 395,808 |
Radyne Corp.* | 8,800 | 100,087 |
Redback Networks, Inc.* | 21,600 | 396,144 |
Safenet, Inc.* | 10,373 | 183,810 |
Sirenza Microdevices, Inc.* | 11,300 | 137,104 |
Sonus Networks, Inc.* (a) | 98,800 | 489,060 |
Stratex Networks, Inc.* | 42,200 | 142,978 |
Sycamore Networks, Inc.* | 82,200 | 333,732 |
Symmetricom, Inc.* | 22,500 | 159,075 |
Tekelec* | 22,200 | 274,170 |
UTStarcom, Inc.* (a) | 46,400 | 361,456 |
ViaSat, Inc.* | 9,000 | 231,120 |
Zhone Technologies, Inc.* | 36,285 | 74,021 |
| 14,108,902 | |
Computers & Peripherals 1.3% | ||
Adaptec, Inc.* | 45,900 | 199,206 |
Advanced Digital Information Corp.* | 27,122 | 319,226 |
Avid Technology, Inc.* | 16,400 | 546,612 |
Brocade Communications Systems, Inc.* | 107,800 | 661,892 |
Eletronics for Imaging, Inc.* | 25,400 | 530,352 |
Emulex Corp.* | 32,800 | 533,656 |
Gateway, Inc.* | 106,500 | 202,350 |
Hutchinson Technology, Inc.* | 10,000 | 216,300 |
Hypercom Corp.* | 24,300 | 227,205 |
Imation Corp. | 13,300 | 545,965 |
Intermec, Inc.* | 19,500 | 447,330 |
Komag, Inc.* | 11,900 | 549,542 |
McDATA Corp. "A"* | 67,600 | 275,808 |
Mobility Electronics, Inc.* | 13,500 | 98,010 |
Neoware, Inc.* | 7,200 | 88,488 |
Novatel Wireless, Inc.* (a) | 13,800 | 143,244 |
Palm, Inc.* (a) | 36,209 | 582,965 |
Presstek, Inc.* | 12,800 | 119,168 |
Quantum Corp.* | 69,200 | 181,304 |
Rackable Systems, Inc.* | 10,800 | 426,492 |
Stratasys, Inc.* | 4,950 | 145,827 |
Synaptics, Inc.* | 10,300 | 220,420 |
| 7,261,362 | |
Electronic Equipment & Instruments 2.7% | ||
Acacia Research — Acacia Technologies* | 12,500 | 175,650 |
Aeroflex, Inc.* | 28,250 | 329,678 |
Agilysys, Inc. | 11,268 | 202,824 |
Anixter International, Inc. | 13,000 | 616,980 |
|
| Value ($) |
|
| |
Applied Films Corp.* | 7,200 | 205,128 |
Benchmark Electronics, Inc.* | 24,848 | 599,334 |
Brightpoint, Inc.* | 21,030 | 284,536 |
CalAmp Corp.* | 7,700 | 68,414 |
Checkpoint Systems, Inc.* | 14,600 | 324,266 |
Cogent, Inc.* | 16,300 | 245,641 |
Cognex Corp. | 19,400 | 504,982 |
Coherenet, Inc.* | 13,674 | 461,224 |
Color Kinetics, Inc.* | 7,052 | 133,353 |
CTS Corp. | 12,590 | 187,465 |
Daktronics, Inc. | 16,500 | 476,355 |
DTS, Inc.* | 6,800 | 132,464 |
Echelon Corp.* (a) | 10,100 | 75,649 |
Electro Scientific Industries, Inc.* | 13,556 | 243,872 |
Excel Technology, Inc.* | 6,135 | 183,559 |
Fargo Electronics* | 6,100 | 154,879 |
FLIR Systems, Inc.* | 26,800 | 590,870 |
Gerber Scientific, Inc.* | 7,200 | 93,619 |
Global Imaging Systems, Inc.* | 10,300 | 425,184 |
I.D. Systems, Inc.* | 5,600 | 99,231 |
Identix, Inc.* | 39,300 | 274,707 |
Insight Enterprises, Inc.* | 20,962 | 399,326 |
International DisplayWorks, Inc.* (a) | 21,500 | 111,800 |
Itron, Inc.* | 9,900 | 586,674 |
KEMET Corp.* | 32,800 | 302,416 |
Littlefuse, Inc.* | 10,086 | 346,757 |
LoJack Corp.* | 8,900 | 167,854 |
Maxwell Technologies, Inc.* | 6,900 | 135,370 |
Measurement Specialties, Inc.* | 4,611 | 102,687 |
Mercury Computer Systems, Inc.* | 10,322 | 158,856 |
Methode Electronics, Inc. "A" | 12,428 | 130,618 |
Metrologic Instruments, Inc.* | 7,400 | 111,074 |
MTS Systems Corp. | 8,100 | 320,031 |
Multi-Fineline Electronix, Inc.* | 2,900 | 96,251 |
Newport Corp.* | 16,900 | 272,428 |
OSI Systems, Inc.* | 7,600 | 135,052 |
OYO Geospace Corp.* | 2,000 | 114,155 |
Park Electrochemical Corp. | 7,187 | 185,065 |
Paxar Corp.* | 14,750 | 303,408 |
Photon Dynamics, Inc.* | 8,841 | 110,689 |
Plexus Corp.* | 18,424 | 630,285 |
RadiSys Corp.* | 8,974 | 197,069 |
RAE Systems, Inc.* | 19,400 | 77,555 |
Rofin-Sinar Technologies, Inc.* | 6,800 | 390,796 |
Rogers Corp.* | 6,800 | 383,112 |
Scansource, Inc.* | 11,400 | 334,248 |
SunPower Corp. "A"* | 4,700 | 131,694 |
SYNNEX Corp.* | 3,686 | 69,887 |
Technitrol, Inc. | 17,800 | 412,070 |
TTM Technologies, Inc.* | 18,600 | 269,142 |
Universal Display Corp.* (a) | 7,815 | 104,018 |
Viisage Technology, Inc.* (a) | 8,600 | 130,376 |
X-Rite, Inc. | 7,400 | 81,326 |
Zygo Corp.* | 6,200 | 101,560 |
| 14,493,513 | |
Internet Software & Services 2.3% | ||
24/7 Real Media, Inc.* | 17,900 | 157,072 |
Access Integrated Technologies, Inc. "A"* | 3,800 | 37,257 |
aQuantive, Inc.* | 29,900 | 757,367 |
Ariba, Inc.* | 28,121 | 231,436 |
Art Technology Group, Inc.* | 49,100 | 146,234 |
|
| Value ($) |
|
| |
Bankrate, Inc.* (a) | 4,800 | 181,248 |
Chordiant Software, Inc.* | 27,200 | 82,370 |
Click Commerce, Inc.* (a) | 5,000 | 98,650 |
CMGI, Inc.* | 174,500 | 211,145 |
CNET Networks, Inc.* | 58,600 | 467,628 |
CyberSource Corp.* | 14,800 | 173,160 |
DealerTrack Holdings, Inc.* | 4,400 | 97,284 |
Digital Insight Corp.* | 14,922 | 511,675 |
Digital River, Inc.* | 15,400 | 622,006 |
Digitas, Inc.* | 38,900 | 452,018 |
EarthLink, Inc.* | 55,100 | 477,166 |
eCollege.com, Inc.* | 7,800 | 164,892 |
Equinix, Inc.* | 11,200 | 614,432 |
InfoSpace, Inc.* | 11,700 | 265,239 |
Internap Network Services Corp.* | 112,300 | 117,848 |
Internet Capital Group, Inc.* | 18,400 | 165,600 |
Interwoven, Inc.* | 17,750 | 152,295 |
iPass, Inc.* | 29,600 | 165,760 |
j2 Global Communications, Inc.* | 19,300 | 602,546 |
Jupitermedia Corp.* (a) | 10,800 | 140,400 |
Liquidity Services, Inc.* | 4,400 | 68,508 |
Marchex, Inc. "B"* (a) | 8,300 | 136,369 |
NetRatings, Inc.* | 3,900 | 54,171 |
NIC, Inc.* | 18,400 | 133,032 |
Online Resources Corp.* | 11,300 | 116,842 |
Openwave Systems, Inc.* | 36,666 | 423,126 |
Perficient, Inc.* | 8,500 | 105,060 |
RealNetworks, Inc.* | 45,700 | 488,990 |
S1 Corp.* | 34,100 | 163,680 |
SAVVIS, Inc.* | 3,900 | 115,413 |
Sohu.com, Inc.* | 9,800 | 252,742 |
SonicWALL, Inc.* | 28,300 | 254,417 |
Stellent, Inc. | 10,200 | 97,410 |
Terremark Worldwide, Inc.* | 12,092 | 43,531 |
The Knot, Inc.* | 6,800 | 142,243 |
TheStreet.com, Inc. | 8,800 | 112,752 |
Travelzoo, Inc.* | 800 | 24,272 |
United Online, Inc. | 28,650 | 343,800 |
ValueClick, Inc.* | 39,800 | 610,930 |
Vignette Corp.* | 14,040 | 204,703 |
WebEx Communications, Inc.* | 16,400 | 582,856 |
webMethods, Inc.* | 24,600 | 242,802 |
Websense, Inc.* | 18,400 | 377,936 |
WebSideStory, Inc.* | 8,400 | 102,480 |
| 12,290,793 | |
IT Services 1.8% | ||
BearingPoint, Inc.* | 72,400 | 605,988 |
CACI International, Inc. "A"* | 11,800 | 688,294 |
Cass Information Systems, Inc. | 1,000 | 48,662 |
CIBER, Inc.* | 21,147 | 139,359 |
Covansys Corp.* | 11,300 | 142,041 |
CSG Systems International, Inc.* | 20,700 | 512,118 |
eFunds Corp.* | 17,800 | 392,490 |
Euronet Worldwide, Inc.* | 13,900 | 533,343 |
Forrester Research, Inc.* | 5,500 | 153,890 |
Gartner, Inc. "A"* | 23,585 | 334,907 |
Gevity HR, Inc. | 11,700 | 310,635 |
Heartland Payment Systems, Inc.* | 4,660 | 129,921 |
iGATE Corp.* | 6,388 | 40,819 |
Infocrossing, Inc.* (a) | 8,800 | 101,640 |
infoUSA, Inc. | 14,600 | 150,526 |
Integral Systems, Inc. | 3,590 | 96,320 |
Kanbay International, Inc.* | 12,000 | 174,480 |
|
| Value ($) |
|
| |
Keane, Inc.* | 18,700 | 233,750 |
Lightbridge, Inc.* | 12,404 | 160,632 |
Lionbridge Technologies, Inc.* | 27,300 | 150,969 |
ManTech International Corp. "A"* | 6,200 | 191,332 |
MAXIMUS, Inc. | 7,500 | 173,625 |
MPS Group, Inc.* | 43,872 | 660,712 |
Ness Technologies, Inc.* | 9,000 | 96,750 |
Perot Systems Corp. "A"* | 32,500 | 470,600 |
RightNow Technologies, Inc.* | 6,400 | 106,752 |
Safeguard Scientifics, Inc.* | 41,500 | 89,590 |
Sapient Corp.* | 30,000 | 159,000 |
SI International, Inc.* | 5,000 | 153,300 |
SRA International, Inc. "A"* | 14,500 | 385,915 |
StarTek, Inc. | 6,125 | 91,569 |
Sykes Enterprises, Inc.* | 11,800 | 190,688 |
Syntel, Inc. | 2,300 | 47,058 |
TALX Corp. | 13,312 | 291,133 |
The BISYS Group, Inc.* | 57,758 | 791,029 |
TNS, Inc.* | 8,800 | 182,072 |
Tyler Technologies, Inc.* | 14,900 | 166,880 |
Wright Express Corp.* | 16,700 | 479,958 |
| 9,828,747 | |
Semiconductors & Semiconductor Equipment 3.7% | ||
Actel Corp.* | 12,668 | 181,786 |
ADE Corp.* | 5,200 | 168,948 |
Advanced Analogic Technologies, Inc.* | 12,854 | 134,710 |
Advanced Energy Industries, Inc.* | 12,706 | 168,227 |
AMIS Holdings, Inc.* | 15,500 | 155,000 |
Amkor Technology, Inc.* | 40,000 | 378,400 |
ANADIGICS, Inc.* | 16,800 | 112,832 |
Applied Micro Circuits Corp.* | 112,300 | 306,579 |
Asyst Technologies, Inc.* | 22,100 | 166,413 |
Atheros Communications* | 20,100 | 381,096 |
ATMI, Inc.* | 14,106 | 347,290 |
Axcelis Technologies, Inc.* | 45,100 | 266,090 |
Brooks Automation, Inc.* | 28,496 | 336,253 |
Cabot Microelectronics Corp.* | 10,900 | 330,379 |
Cirrus Logic, Inc.* | 33,200 | 270,248 |
Cohu, Inc. | 11,183 | 196,262 |
Conexant Systems, Inc.* | 187,600 | 469,000 |
Credence Systems Corp.* | 38,780 | 135,730 |
Cymer, Inc.* | 14,900 | 692,254 |
Diodes, Inc.* | 8,300 | 343,952 |
DSP Group, Inc.* | 14,000 | 347,900 |
Eagle Test Systems, Inc.* | 4,300 | 60,252 |
EMCORE Corp.* (a) | 19,400 | 186,240 |
Entegris, Inc.* | 52,485 | 500,182 |
Exar Corp.* | 15,082 | 200,138 |
FEI Co.* | 10,802 | 244,989 |
FormFactor, Inc.* | 18,000 | 803,340 |
Genesis Microchip, Inc.* (a) | 14,300 | 165,308 |
Hittite Microwave Corp.* | 4,599 | 166,300 |
Ikanos Communications, Inc.* | 7,044 | 106,998 |
Intevac, Inc.* | 9,300 | 201,624 |
IXYS Corp.* | 10,500 | 100,800 |
Kopin Corp.* | 35,100 | 126,711 |
Kulicke & Soffa Industries, Inc.* | 25,900 | 191,919 |
Lattice Semiconductor Corp.* | 50,700 | 313,326 |
LTX Corp.* | 29,274 | 205,211 |
Mattson Technology, Inc.* | 23,200 | 226,664 |
Micrel, Inc.* | 27,500 | 275,279 |
|
| Value ($) |
|
| |
Microsemi Corp.* | 27,488 | 670,157 |
Microtune, Inc.* | 24,700 | 154,622 |
Mindspeed Technologies, Inc.* | 38,800 | 93,454 |
MIPS Technologies, Inc.* | 20,100 | 122,007 |
MKS Instruments, Inc.* | 15,800 | 317,896 |
Monolithic Power Systems, Inc.* | 8,600 | 101,738 |
MoSys, Inc.* | 7,000 | 54,709 |
Netlogic Microsystems, Inc.* | 5,900 | 190,275 |
OmniVision Technologies, Inc.* | 20,500 | 432,960 |
ON Semiconductor Corp.* | 65,500 | 385,140 |
PDF Solutions, Inc.* | 9,100 | 112,931 |
Pericom Semiconductor Corp.* | 12,900 | 107,070 |
Photronics, Inc.* | 15,168 | 224,486 |
PLX Technology, Inc.* | 12,500 | 152,750 |
PortalPlayer, Inc.* | 11,300 | 110,853 |
Power Integrations, Inc.* | 13,500 | 235,980 |
RF Micro Devices, Inc.* | 74,500 | 444,765 |
Rudolph Technologies, Inc.* | 11,802 | 171,129 |
Semitool, Inc.* | 10,800 | 97,416 |
Semtech Corp.* | 29,700 | 429,165 |
Sigma Designs, Inc.* | 11,100 | 104,613 |
Silicon Image, Inc.* | 30,900 | 333,102 |
Silicon Storage Technology, Inc.* | 41,800 | 169,708 |
SiRF Technology Holdings, Inc.* | 20,100 | 647,622 |
Skyworks Solutions, Inc.* | 61,700 | 339,967 |
Standard Microsystems Corp.* | 10,161 | 221,815 |
Supertex, Inc.* | 5,048 | 201,617 |
Tessera Technologies, Inc.* | 17,700 | 486,750 |
Transmeta Corp.* | 86,400 | 139,890 |
TranSwitch Corp.* | 59,800 | 126,178 |
Trident Microsystems, Inc.* | 22,100 | 419,458 |
TriQuint Semiconductor, Inc.* | 62,378 | 278,206 |
Ultratech, Inc.* | 11,128 | 175,155 |
Varian Semiconductor Equipment Associates, Inc.* | 22,309 | 727,496 |
Veeco Instruments, Inc.* | 12,800 | 305,152 |
Virage Logic Corp.* | 6,800 | 63,852 |
Volterra Semiconductor Corp.* | 8,600 | 131,236 |
Zoran Corp.* | 18,565 | 451,872 |
| 19,897,822 | |
Software 3.6% | ||
Actuate Corp.* | 19,200 | 77,524 |
Advent Software, Inc.* | 8,800 | 317,416 |
Agile Software Corp.* | 28,000 | 177,520 |
Altiris, Inc.* | 10,900 | 196,636 |
Ansoft Corp.* | 7,200 | 147,456 |
ANSYS, Inc.* | 14,100 | 674,262 |
Aspen Technology, Inc.* | 19,396 | 254,476 |
Blackbaud, Inc. | 16,482 | 374,141 |
Blackboard, Inc.* | 10,400 | 301,184 |
Borland Software Corp.* | 28,429 | 150,105 |
Bottomline Technologies, Inc.* | 10,500 | 85,470 |
Concur Technologies, Inc.* | 15,000 | 232,050 |
Convera Corp. "A"* | 9,500 | 63,804 |
Epicor Software Corp.* | 24,600 | 259,038 |
EPIQ Systems, Inc.* | 7,900 | 131,456 |
eSPEED, Inc. "A"* | 10,800 | 89,964 |
FalconStor Software, Inc.* | 12,283 | 85,613 |
FileNET Corp.* | 17,828 | 480,108 |
Hyperion Solutions Corp.* | 23,000 | 634,800 |
i2 Technologies, Inc.* | 4,900 | 62,048 |
Informatica Corp.* | 33,100 | 435,596 |
Intergraph Corp.* | 12,774 | 402,253 |
|
| Value ($) |
|
| |
Internet Security Systems, Inc.* | 15,200 | 286,520 |
Intervoice, Inc.* | 17,800 | 126,736 |
Jack Henry & Associates, Inc. | 32,600 | 640,916 |
JDA Software Group, Inc.* | 13,682 | 191,959 |
Kronos, Inc.* | 12,421 | 449,764 |
Lawson Software, Inc.* | 47,200 | 316,240 |
Macrovision Corp.* | 19,800 | 426,096 |
Magma Design Automation, Inc.* | 14,700 | 108,045 |
Manhattan Associates, Inc.* | 12,800 | 259,712 |
MapInfo Corp.* | 6,900 | 90,045 |
Mentor Graphics Corp.* | 30,900 | 401,082 |
MICROS Systems, Inc.* | 16,666 | 727,971 |
MicroStrategy, Inc., "A"* | 4,000 | 390,080 |
Midway Games, Inc.* (a) | 12,659 | 102,411 |
MRO Software, Inc.* | 9,120 | 183,038 |
Net 1 UEPS Technologies, Inc.* | 19,400 | 530,287 |
NetIQ Corp.* | 21,272 | 259,306 |
NetScout Systems, Inc.* | 8,400 | 74,928 |
Nuance Communications, Inc.* | 49,836 | 501,350 |
Open Solutions, Inc.* | 9,300 | 247,473 |
OPNET Technologies, Inc.* | 4,000 | 51,810 |
Opsware, Inc.* | 30,900 | 254,616 |
Parametric Technology Corp.* | 47,800 | 607,538 |
Pegasystems, Inc. | 4,100 | 26,322 |
Progress Software Corp.* | 18,094 | 423,581 |
QAD, Inc. | 5,000 | 38,750 |
Quality Systems, Inc. | 6,100 | 224,602 |
Quest Software, Inc.* | 25,700 | 360,828 |
Radiant Systems, Inc.* | 12,400 | 131,068 |
Renaissance Learning, Inc. (a) | 2,800 | 37,940 |
RSA Security, Inc.* | 29,800 | 810,262 |
Secure Computing Corp.* | 19,737 | 169,738 |
Smith Micro Software, Inc.* | 9,000 | 144,098 |
Sonic Solutions* | 10,700 | 176,550 |
SPSS, Inc.* | 8,700 | 279,618 |
SSA Global Technologies, Inc.* | 2,563 | 49,671 |
Sybase, Inc.* | 42,621 | 826,847 |
Take-Two Interactive Software, Inc.* | 27,200 | 289,952 |
THQ, Inc.* | 24,545 | 530,172 |
TIBCO Software, Inc.* | 81,400 | 573,870 |
Transaction Systems Architects, Inc. "A"* | 15,806 | 658,952 |
Ulticom, Inc.* | 3,900 | 40,833 |
Ultimate Software Group, Inc.* | 9,800 | 187,768 |
VA Software Corp.* | 22,000 | 85,312 |
VASCO Data Security International, Inc.* | 13,300 | 111,055 |
Verint Systems, Inc.* | 4,900 | 143,031 |
Wind River Systems, Inc.* | 28,800 | 256,320 |
Witness Systems, Inc.* | 12,500 | 252,125 |
| 19,690,108 | |
Materials 4.1% | ||
Chemicals 1.5% | ||
A. Schulman, Inc. | 13,400 | 306,726 |
American Vanguard Corp. | 5,933 | 91,843 |
Arch Chemicals, Inc. | 10,888 | 392,512 |
Balchem Corp. | 3,400 | 76,500 |
Calgon Carbon Corp. | 18,900 | 115,101 |
CF Industries Holdings, Inc. | 20,100 | 286,626 |
Ferro Corp. | 15,432 | 246,295 |
Georgia Gulf Corp. | 12,447 | 311,424 |
H.B. Fuller Co. | 12,848 | 559,787 |
|
| Value ($) |
|
| |
Hercules, Inc.* | 47,800 | 729,428 |
Innospec, Inc. | 4,700 | 119,474 |
Koppers Holdings, Inc. | 5,700 | 113,943 |
Kronos Worldwide, Inc. | 1,519 | 44,431 |
Macdermid, Inc. | 10,303 | 296,726 |
Minerals Technologies, Inc. | 8,968 | 466,336 |
NewMarket Corp. | 7,000 | 343,420 |
NL Industries, Inc. | 2,732 | 29,369 |
Olin Corp. | 30,254 | 542,454 |
OM Group, Inc.* | 11,200 | 345,520 |
Omnova Solutions, Inc.* | 13,300 | 75,502 |
Pioneer Companies, Inc.* | 5,600 | 152,768 |
PolyOne Corp.* | 34,762 | 305,210 |
Rockwood Holdings, Inc.* | 12,887 | 296,530 |
Sensient Technologies Corp. (a) | 17,033 | 356,160 |
Spartech Corp. | 13,500 | 305,100 |
Stepan Co. | 1,500 | 47,370 |
Symyx Technologies, Inc.* | 12,570 | 303,566 |
Terra Industries, Inc.* | 35,400 | 225,498 |
Tronox, Inc. "B"* | 18,400 | 242,328 |
W.R. Grace & Co.* (a) | 25,500 | 298,350 |
Zoltek Companies, Inc.* (a) | 6,000 | 179,340 |
| 8,205,637 | |
Construction Materials 0.2% | ||
Headwaters, Inc.* | 16,300 | 416,628 |
Texas Industries, Inc. | 8,847 | 469,776 |
US Concrete, Inc.* | 15,300 | 168,968 |
| 1,055,372 | |
Containers & Packaging 0.4% | ||
AEP Industries, Inc.* | 2,200 | 73,482 |
AptarGroup, Inc. | 13,300 | 659,437 |
Caraustar Industries, Inc.* | 12,661 | 113,949 |
Chesapeake Corp. | 10,533 | 172,846 |
Graphic Packaging Corp.* | 26,400 | 100,056 |
Greif, Inc. "A" | 7,200 | 539,712 |
Myers Industries, Inc. | 9,059 | 155,724 |
Rock-Tenn Co. "A" | 11,000 | 175,450 |
Silgan Holdings, Inc. | 10,500 | 388,605 |
| 2,379,261 | |
Metals & Mining 1.7% | ||
A.M. Castle & Co. | 3,400 | 109,650 |
AK Steel Holding Corp.* | 42,900 | 593,307 |
Aleris International, Inc.* | 12,194 | 559,095 |
AMCOL International Corp. | 10,150 | 267,453 |
Brush Engineered Materials, Inc.* | 9,300 | 193,905 |
Century Aluminum Co.* | 9,600 | 342,624 |
Chaparral Steel Co.* | 9,347 | 673,171 |
Cleveland-Cliffs, Inc. (a) | 8,500 | 673,965 |
Coeur d'Alene Mines Corp.* (a) | 108,400 | 521,404 |
Compass Minerals International, Inc. | 14,200 | 354,290 |
Gibraltar Industries, Inc. | 10,350 | 300,150 |
Hecla Mining Co.* | 48,200 | 253,050 |
Metal Management, Inc. | 10,500 | 321,510 |
NN, Inc. | 6,000 | 74,100 |
Olympic Steel, Inc. | 3,900 | 137,942 |
Oregon Steel Mills, Inc.* | 13,900 | 704,174 |
Quanex Corp. | 14,675 | 632,052 |
Royal Gold, Inc. (a) | 8,100 | 225,342 |
RTI International Metals, Inc.* | 8,800 | 491,392 |
Ryerson Tull, Inc. | 10,488 | 283,176 |
Schnitzer Steel Industries, Inc. "A" | 9,150 | 324,642 |
|
| Value ($) |
|
| |
Steel Technologies, Inc. | 5,900 | 114,696 |
Stillwater Mining Co.* | 14,625 | 185,445 |
Wheeling-Pittsburgh Corp.* | 4,800 | 95,472 |
Worthington Industries, Inc. | 31,100 | 651,545 |
| 9,083,552 | |
Paper & Forest Products 0.3% | ||
Bowater, Inc. | 21,400 | 486,850 |
Buckeye Technologies, Inc.* | 11,898 | 90,901 |
Deltic Timber Corp. | 3,500 | 197,295 |
Glatfelter | 20,608 | 327,049 |
Mercer International, Inc. (SBI)* (a) | 7,912 | 68,676 |
Neenah Paper, Inc. | 7,500 | 228,375 |
Schweitzer-Mauduit International, Inc. | 4,600 | 99,590 |
Wausau Paper Corp. | 17,180 | 213,891 |
| 1,712,627 | |
Telecommunication Services 1.3% | ||
Diversified Telecommunication Services 0.9% | ||
Alaska Communications Systems Group, Inc. | 14,600 | 184,690 |
Broadwing Corp.* | 29,430 | 304,601 |
Cbeyond Communications, Inc.* | 5,800 | 126,498 |
Cincinnati Bell, Inc.* | 95,000 | 389,500 |
Cogent Communications Group, Inc.* | 9,900 | 92,711 |
Commonwealth Telephone Enterprises, Inc. | 10,116 | 335,447 |
Consolidated Communications Holdings, Inc. | 7,930 | 131,876 |
Covad Communications Group, Inc.* | 113,200 | 227,407 |
CT Communications, Inc. | 9,000 | 205,830 |
Eschelon Telecom, Inc.* | 2,400 | 37,107 |
FairPoint Communications, Inc. | 13,390 | 192,816 |
General Communication, Inc. "A"* | 23,200 | 285,824 |
Golden Telecom, Inc. | 7,761 | 196,741 |
IDT Corp. "B"* | 19,700 | 271,663 |
Iowa Telecommunications Services, Inc. | 12,500 | 236,500 |
North Pittsburgh Systems, Inc. | 5,000 | 137,800 |
NTELOS Holdings Corp.* | 8,000 | 115,600 |
Premiere Global Services, Inc.* | 26,448 | 199,682 |
Shenandoah Telecommunications Co. | 2,524 | 118,628 |
Surewest Communications | 5,000 | 96,600 |
TALK America Holdings, Inc.* | 16,633 | 102,958 |
Time Warner Telecom, Inc. "A"* | 30,600 | 454,410 |
Valor Communications Group, Inc. (a) | 25,202 | 288,563 |
Vonage Holdings Corp.* | 10,600 | 91,002 |
| 4,824,454 | |
Wireless Telecommunication Services 0.4% | ||
@Road, Inc.* | 21,770 | 120,170 |
Centennial Communications Corp. | 6,500 | 33,800 |
Dobson Communications Corp. "A"* | 57,900 | 447,567 |
First Avenue Networks, Inc.* | 23,200 | 252,272 |
InPhonic, Inc.* (a) | 10,700 | 67,410 |
iPCS, Inc.* | 7,300 | 352,389 |
Price Communications Corp.* | 16,263 | 275,658 |
Syniverse Holdings, Inc.* | 8,120 | 119,364 |
UbiquiTel, Inc.* | 35,800 | 370,172 |
USA Mobility, Inc. | 10,464 | 173,703 |
|
| Value ($) |
|
| |
Wireless Facilities, Inc.* | 28,400 | 78,100 |
| 2,290,605 | |
Utilities 2.7% | ||
Electric Utilities 1.0% | ||
ALLETE, Inc. | 9,700 | 459,295 |
Cleco Corp. | 23,160 | 538,470 |
Duquesne Light Holdings, Inc. | 29,100 | 478,404 |
El Paso Electric Co.* | 20,100 | 405,216 |
Empire District Electric Co. | 10,700 | 219,885 |
IDACORP, Inc. | 19,100 | 654,939 |
ITC Holdings Corp. | 4,400 | 116,952 |
MGE Energy, Inc. | 6,800 | 211,820 |
Otter Tail Corp. | 10,600 | 289,698 |
Portland General Electric Co.* | 12,600 | 314,443 |
UIL Holdings Corp. | 5,900 | 332,111 |
Unisource Energy Corp. | 12,600 | 392,490 |
Westar Energy, Inc. | 43,382 | 912,895 |
| 5,326,618 | |
Gas Utilities 0.9% | ||
Cascade Natural Gas Corp. | 4,400 | 92,796 |
EnergySouth, Inc. | 1,100 | 34,353 |
New Jersey Resources Corp. | 12,850 | 601,123 |
Nicor, Inc. (a) | 17,900 | 742,850 |
Northwest Natural Gas Co. | 11,107 | 411,292 |
Peoples Energy Corp. (a) | 15,482 | 555,959 |
Piedmont Natural Gas Co., Inc. | 28,900 | 701,868 |
South Jersey Industries, Inc. | 14,400 | 394,416 |
Southwest Gas Corp. | 18,212 | 570,764 |
The Laclede Group, Inc. | 7,100 | 243,956 |
WGL Holdings, Inc. | 21,900 | 634,005 |
| 4,983,382 | |
Independent Power Producers & Energy Traders 0.1% | ||
Black Hills Corp. | 14,900 | 511,517 |
Ormat Technologies, Inc. | 4,100 | 156,415 |
| 667,932 | |
Multi-Utilities 0.6% | ||
Aquila, Inc.* | 153,900 | 647,919 |
Avista Corp. | 22,171 | 506,164 |
CH Energy Group, Inc. | 6,300 | 302,400 |
NorthWestern Corp. | 16,000 | 549,600 |
PNM Resources, Inc. | 34,693 | 865,653 |
| 2,871,736 | |
Water Utilities 0.1% | ||
American States Water Co. | 6,100 | 217,465 |
California Water Service Group | 6,000 | 214,440 |
SJW Corp. | 4,700 | 119,615 |
Southwest Water Co. (a) | 11,125 | 133,166 |
| 684,686 | |
Total Common Stocks (Cost $451,941,434) | 519,447,586 |
| Principal Amount ($) | Value ($) |
|
| |
US Treasury Obligation 0.2% | ||
US Treasury Bill, 4.658%**, 9/21/2006 (b) (Cost $895,398) | 905,000 | 895,380 |
|
| Value ($) |
|
| |
Closed End Investment Companies 0.0% | ||
Gladstone Investment Corp. | 6,793 | 101,895 |
Technology Investment Capital Corp. | 7,800 | 114,270 |
Total Closed End Investment Company (Cost $217,596) | 216,165 | |
| ||
Securities Lending Collateral 6.4% | ||
Daily Assets Fund Institutional, 5.1% (c) (d) (Cost $34,846,159) | 34,846,159 | 34,846,159 |
| ||
|
| Value ($) |
|
| |
Cash Equivalents 1.9% | ||
Cash Management QP Trust, 5.07% (e) (Cost $10,187,269) | 10,187,269 | 10,187,269 |
| % of Net Assets | Value ($) |
|
| |
Total Investment Portfolio (Cost $498,087,856)+ | 104.2 | 565,592,559 |
Other Assets and Liabilities, Net | (4.2) | (23,040,299) |
Net Assets | 100.0 | 542,552,260 |
* Non-income producing security.
** Annualized yield at time of purchase; not a coupon rate.
+ The cost for federal income tax purposes was $504,636,685. At June 30, 2006, net unrealized appreciation for all securities based on tax cost was $60,955,874. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $96,455,482 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $35,499,608.
(a) All or a portion of these securities were on loan (see Notes to Financial Statements). The value of all securities loaned at June 30, 2006 amounted to $33,673,199 which is 6.2% of net assets.
(b) At June 30, 2006, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.
(c) Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Asset Management, Inc. The rate shown is the annualized seven-day yield at period end.
(d) Represents collateral held in connection with securities lending.
(e) Cash Management QP Trust, an affiliated fund, is managed by Deutsche Investment Management Americas, Inc. The rate shown is the annualized seven-day yield at period end.
REIT: Real Estate Investment Trust
At June 30, 2006, open futures contracts purchased were as follows:
Futures | Expiration Date | Contracts | Aggregated Face Value ($) | Value ($) | Unrealized Appreciation ($) |
Russell E Mini 2000 Index | 9/15/2006 | 337 | 23,875,049 | 24,651,550 | 776,501 |
The accompanying notes are an integral part of the financial statements.
Statement of Assets and Liabilities as of June 30, 2006 (Unaudited) | |
Assets | |
Investments: Investments in securities, at value (cost $453,054,428) — including $33,673,199 of securities loaned | $ 520,559,131 |
Investment in Daily Assets Fund Institutional (cost $34,846,159)* | 34,846,159 |
Investment in Cash Management QP Trust (cost $10,187,269) | 10,187,269 |
Total investments in securities, at value (cost $498,087,856) | 565,592,559 |
Cash | 111,271 |
Receivable for investments sold | 98,086,991 |
Dividends receivable | 710,332 |
Interest receivable | 101,722 |
Receivable for Portfolio shares sold | 1,167,745 |
Receivable for daily variation margin on open futures contracts | 279,884 |
Other assets | 23,181 |
Total assets | 666,073,685 |
Liabilities | |
Payable for investments purchased | 87,396,821 |
Payable upon return of securities loaned | 34,846,159 |
Payable for Portfolio shares redeemed | 903,850 |
Accrued advisory fee | 129,145 |
Other accrued expenses and payables | 245,450 |
Total liabilities | 123,521,425 |
Net assets, at value | $ 542,552,260 |
Net Assets | |
Net assets consist of: Undistributed net investment income | 2,712,857 |
Net unrealized appreciation (depreciation) on: Investments | 67,504,703 |
Futures | 776,501 |
Accumulated net realized gain (loss) | 41,399,601 |
Paid-in capital | 430,158,598 |
Net assets, at value | $ 542,552,260 |
Class A Net Asset Value, offering and redemption price per share ($487,218,045 ÷ 32,945,706 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized) | $ 14.79 |
Class B Net Asset Value, offering and redemption price per share ($55,334,215 ÷ 3,739,247 outstanding shares of beneficial interest, $.001 par value, unlimited number of shares authorized) | $ 14.80 |
* Represents collateral on securities loaned.
Statement of Operations for the six months ended June 30, 2006 (Unaudited) | |
Investment Income | |
Income: Dividends (net of foreign taxes withheld of $1,471) | $ 3,316,367 |
Interest — Cash Management QP Trust | 288,231 |
Interest | 19,474 |
Securities lending income, including income from Daily Assets Fund Institutional, net of borrower rebates | 347,525 |
Total Income | 3,971,597 |
Expenses: Advisory fee | 939,033 |
Administrative service fee | 90,218 |
Administration fees | 42,750 |
Custodian fees | 28,638 |
Distribution service fee (Class B) | 64,745 |
Services to shareholders | 30,200 |
Auditing | 22,046 |
Legal | 60,923 |
Trustees' fees and expenses | 7,699 |
Reports to shareholders | 22,505 |
Registration fees | 2,558 |
Other | 42,906 |
Total expenses before expense reductions | 1,354,221 |
Expense reductions | (74,481) |
Total expenses after expense reductions | 1,279,740 |
Net investment income (loss) | 2,691,857 |
Realized and Unrealized Gain (Loss) on Investment Transactions | |
Net realized gain (loss) from: Investments | 48,933,154 |
Futures | (897,111) |
| 48,036,043 |
Net unrealized appreciation (depreciation) during the period on: Investments | (12,549,236) |
Futures | 866,806 |
| (11,682,430) |
Net gain (loss) on investment transactions | 36,353,613 |
Net increase (decrease) in net assets resulting from operations | $ 39,045,470 |
The accompanying notes are an integral part of the financial statements.
Statement of Changes in Net Assets | ||
Increase (Decrease) in Net Assets | Six Months Ended June 30, 2006 (Unaudited) | Year Ended December 31, 2005 |
Operations: Net investment income (loss) | $ 2,691,857 | $ 3,576,395 |
Net realized gain (loss) on investment transactions | 48,036,043 | 24,317,935 |
Net unrealized appreciation (depreciation) during the period on investment transactions | (11,682,430) | (7,498,077) |
Net increase (decrease) in net assets resulting from operations | 39,045,470 | 20,396,253 |
Distributions to shareholders from: Net investment income: Class A | (3,341,721) | (2,807,476) |
Class B | (197,968) | (150,850) |
Net realized gains: Class A | (22,356,114) | (12,025,292) |
Class B | (2,283,460) | (1,003,183) |
Portfolio share transactions: Class A Proceeds from shares sold | 121,735,707 | 105,146,268 |
Reinvestment of distributions | 25,697,835 | 14,832,768 |
Cost of shares redeemed | (118,611,015) | (125,458,405) |
Net increase (decrease) in net assets from Class A share transactions | 28,822,527 | (5,479,369) |
Class B Proceeds from shares sold | 11,416,321 | 19,449,878 |
Reinvestment of distributions | 2,481,428 | 1,154,033 |
Cost of shares redeemed | (5,005,653) | (10,889,690) |
Net increase (decrease) in net assets from Class B share transactions | 8,892,096 | 9,714,221 |
Increase (decrease) in net assets | 48,580,830 | 8,644,304 |
Net assets at beginning of period | 493,971,430 | 485,327,126 |
Net assets at end of period (including undistributed net investment income of $2,712,857 and $3,560,689, respectively) | $ 542,552,260 | $ 493,971,430 |
Other Information | ||
Class A Shares outstanding at beginning of period | 31,152,730 | 31,370,234 |
Shares sold | 7,838,780 | 7,636,813 |
Shares issued to shareholders in reinvestment of distributions | 1,655,788 | 1,214,805 |
Shares redeemed | (7,701,592) | (9,069,122) |
Net increase (decrease) in Class A shares | 1,792,976 | (217,504) |
Shares outstanding at end of period | 32,945,706 | 31,152,730 |
Class B Shares outstanding at beginning of period | 3,160,434 | 2,453,490 |
Shares sold | 745,733 | 1,408,916 |
Shares issued to shareholders in reinvestment of distributions | 159,680 | 94,361 |
Shares redeemed | (326,600) | (796,333) |
Net increase (decrease) in Class B shares | 578,813 | 706,944 |
Shares outstanding at end of period | 3,739,247 | 3,160,434 |
The accompanying notes are an integral part of the financial statements.
Class A Years Ended December 31, | 2006a | 2005 | 2004 | 2003 | 2002 | 2001 |
Selected Per Share Data | ||||||
Net asset value, beginning of period | $ 14.40 | $ 14.35 | $ 12.24 | $ 8.45 | $ 10.73 | $ 11.10 |
Income (loss) from investment operations: Net investment income (loss)b | .08 | .11 | .11 | .09 | .10 | .06 |
Net realized and unrealized gain (loss) on investment transactions | 1.08 | .42 | 2.06 | 3.79 | (2.31) | .16 |
Total from investment operations | 1.16 | .53 | 2.17 | 3.88 | (2.21) | .22 |
Less distributions from: Net investment income | (.10) | (.09) | (.06) | (.09) | (.06) | (.06) |
Net realized gain on investment transactions | (.67) | (.39) | — | — | (.01) | (.53) |
Total distributions | (.77) | (.48) | (.06) | (.09) | (.07) | (.59) |
Net asset value, end of period | $ 14.79 | $ 14.40 | $ 14.35 | $ 12.24 | $ 8.45 | $ 10.73 |
Total Return (%)c | 7.72** | 4.26 | 17.76 | 46.42 | (20.58) | 2.07 |
Ratios to Average Net Assets and Supplemental Data | ||||||
Net assets, end of period ($ millions) | 487 | 449 | 450 | 316 | 144 | 152 |
Ratio of expenses before expense reductions (%) | .48* | .46 | .48 | .61 | .61 | .63 |
Ratio of expenses after expense reductions (%) | .45* | .45 | .45 | .45 | .45 | .45 |
Ratio of net investment income (loss) (%) | 1.03* | .78 | .87 | .91 | 1.09 | 1.07 |
Portfolio turnover rate (%) | 33** | 26 | 22 | 28 | 40 | 44 |
a For the six months ended June 30, 2006 (Unaudited). b Based on average shares outstanding during the period. c Total return would have been lower had certain expenses not been reduced. * Annualized ** Not annualized |
Class B Years Ended December 31, | 2006a | 2005 | 2004 | 2003 | 2002b |
Selected Per Share Data | |||||
Net asset value, beginning of period | $ 14.39 | $ 14.34 | $ 12.23 | $ 8.44 | $ 11.23 |
Income (loss) from investment operations: Net investment income (loss)c | .06 | .07 | .08 | .07 | .06 |
Net realized and unrealized gain (loss) on investment transactions | 1.08 | .43 | 2.05 | 3.80 | (2.79) |
Total from investment operations | 1.14 | .50 | 2.13 | 3.87 | (2.73) |
Less distributions from: Net investment income | (.06) | (.06) | (.02) | (.08) | (.05) |
Net realized gain on investment transactions | (.67) | (.39) | — | — | (.01) |
Total distributions | (.73) | (.45) | (.02) | (.08) | (.06) |
Net asset value, end of period | $ 14.80 | $ 14.39 | $ 14.34 | $ 12.23 | $ 8.44 |
Total Return (%)d | 7.59** | 3.99 | 17.48 | 46.05 | (24.34)** |
Ratios to Average Net Assets and Supplemental Data | |||||
Net assets, end of period ($ millions) | 55 | 45 | 35 | 18 | 2 |
Ratio of expenses before expense reductions (%) | .73* | .71 | .73 | .87 | .88* |
Ratio of expenses after expense reductions (%) | .70* | .70 | .70 | .70 | .70* |
Ratio of net investment income (loss) (%) | .78* | .53 | .66 | .66 | 1.11* |
Portfolio turnover rate (%) | 33** | 26 | 22 | 28 | 40 |
a For the six months ended June 30, 2006 (Unaudited). b For the period April 30, 2002 (commencement of operations) to December 31, 2002. c Based on average shares outstanding during the period. d Total return would have been lower had certain expenses not been reduced. * Annualized ** Not annualized |
Notes to Financial Statements (Unaudited)
A. Significant Accounting Policies
DWS Investments VIT Funds (the "Trust") is registered under the Investment Company Act of 1940, as amended, (the "1940 Act") as a diversified, open-end management investment company. The Trust is organized as a Massachusetts business trust. The Trust is comprised of several portfolios. DWS Small Cap Index VIP is one of the series the Trust offers to investors. The Portfolio is intended to be the underlying investment vehicle for variable annuity contracts and variable life insurance policies to be offered by the separate accounts of certain life insurance companies ("Participating Insurance Companies").
Multiple Classes of Shares of Beneficial Interest. The Portfolio offers two classes of shares to investors: Class A shares and Class B shares. Class B shares are subject to Rule 12b-1 distribution fees under the 1940 Act equal to an annual rate up to 0.25% of the Class B shares average daily net assets. Class A shares are not subject to such fees. All shares have equal rights with respect to voting except that shareholders vote separately on matters affecting their rights as holders of a particular class.
Investment income, realized and unrealized gains and losses, and certain Portfolio-level expenses and expense reductions, if any, are borne pro rata on the basis of relative net assets by the holders of all classes of shares, except that each class bears certain expenses unique to that class (including the applicable 12b-1 distribution fee). Differences in class-level expenses may result in payment of different per share dividends by class. All shares have equal rights with respect to voting subject to class-specific arrangements.
The Portfolio's financial statements are prepared in accordance with accounting principles generally accepted in the United States of America which require the use of management estimates. Actual results could differ from those estimates. The policies described below are followed consistently by the Portfolio in the preparation of its financial statements.
Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York Stock Exchange on each day the exchange is open for trading. Equity securities are valued at the most recent sale price or official closing price reported on the exchange (US or foreign) or over-the-counter market on which the security is traded most extensively. Securities for which no sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid quotation.
Money market instruments purchased with an original or remaining maturity of sixty days or less, maturing at par, are valued at amortized cost. Investments in open-end investment companies and Cash Management QP Trust are valued at their net asset value each business day.
Securities and other assets for which market quotations are not readily available or for which the above valuation procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as determined in accordance with procedures approved by the Trustees.
Futures Contracts. A futures contract is an agreement between a buyer or seller and an established futures exchange or its clearinghouse in which the buyer or seller agrees to take or make a delivery of a specific amount of a financial instrument at a specified price on a specific date (settlement date). The Portfolio may enter into futures contracts as a hedge against anticipated interest rate, currency or equity market changes and risk management and return enhancement purposes.
Upon entering into a futures contract, the Portfolio is required to deposit with a financial intermediary an amount ("initial margin") equal to a certain percentage of the face value indicated in the futures contract. Subsequent payments ("variation margin") are made or received by the Portfolio dependent upon the daily fluctuations in the value of the underlying security and are recorded for financial reporting purposes as unrealized gains or losses by the Portfolio. When entering into a closing transaction, the Portfolio will realize a gain or loss equal to the difference between the value of the futures contract to sell and the futures contract to buy. Futures contracts are valued at the most recent settlement price.
Certain risks may arise upon entering into futures contracts, including the risk that an illiquid secondary market will limit the Portfolio's ability to close out a futures contract prior to the settlement date and that a change in the value of a futures contract may not correlate exactly with the changes in the value of the securities or currencies hedged. When utilizing futures contracts to hedge, the Portfolio gives up the opportunity to profit from favorable price movements in the hedged positions during the term of the contract.
Federal Income Taxes. The Portfolio's policy is to comply with the requirements of the Internal Revenue Code, as amended, which are applicable to regulated investment companies, and to distribute all of its taxable and tax-exempt income to its shareholders. Accordingly, the Portfolio paid no federal income taxes and no federal income tax provision was required.
In July 2006, the Financial Accounting Standards Board (FASB) issued Interpretation No. 48, "Accounting for Uncertainty in Income Taxes — an interpretation of FASB Statement No. 109" (the "Interpretation"). The Interpretation establishes for the Portfolio a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether the Portfolio is taxable in certain jurisdictions), and requires certain expanded tax disclosures. The Interpretation is effective for fiscal years beginning after December 15, 2006. Management will begin to evaluate the application of the Interpretation to the Portfolio and is not in a position at this time to estimate the significance of its impact, if any, on the Portfolio's financial statements.
Distribution of Income and Gains. Net investment income of the Portfolio, if any, is distributed to shareholders annually. Net realized gains from investment transactions, in excess of available capital loss carryforwards, would be taxable to the Portfolio if not distributed, and, therefore, will be distributed to shareholders at least annually.
The timing and characterization of certain income and capital gains distributions are determined annually in accordance with federal tax regulations which may differ from accounting principles generally accepted in the United States of America. As a result, net investment income (loss) and net realized gain (loss) on investment transactions for a reporting period may differ significantly from distributions during such period. Accordingly, the Portfolio may periodically make reclassifications among certain of its capital accounts without impacting the net asset value of the Portfolio.
The tax character of current year distributions will be determined at the end of the current fiscal year.
Securities Lending. The Portfolio may lend securities to financial institutions. The Portfolio retains beneficial ownership of the securities it has loaned and continues to receive interest and dividends paid by the securities and to participate in any changes in their market value. The Portfolio requires the borrowers of the securities to maintain collateral with the Portfolio consisting of liquid, unencumbered assets having a value at least equal to the value of the securities loaned. The Portfolio may invest the cash collateral into a joint trading account in an affiliated money market fund pursuant to Exemptive Orders issued by the SEC. The Portfolio receives compensation for lending its securities either in the form of fees or by earning interest on invested cash collateral net of fees paid to the lending agent. Either the Portfolio or the borrower may terminate the loan. The Portfolio is subject to all investment risks associated with the value of any cash collateral received, including, but not limited to, interest rate, credit and liquidity risk associated with such investments.
Contingencies. In the normal course of business, the Portfolio may enter into contracts with service providers that contain general indemnification clauses. The Portfolio's maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Portfolio that have not yet been made. However, based on experience, the Portfolio expects the risk of loss to be remote.
Expenses. Expenses of the Trust arising in connection with a specific portfolio are allocated to that portfolio. Other Trust expenses which cannot be directly attributed to a portfolio are apportioned among the portfolios in the Trust.
Other. Investment transactions are accounted for on a trade date plus one basis for daily net asset valuation calculations. However, for financial reporting purposes, investment security transactions are reported on trade date. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date net of foreign withholding taxes. Certain dividends from foreign securities may be recorded subsequent to the ex-dividend as soon as the Portfolio is informed of such dividends. Realized gains and losses from investment transactions are recorded on an identified cost basis. Distributions received from Real Estate Investment Trusts (REITs) in excess of income are recorded as either a reduction of cost of investments or realized gain.
B. Purchases and Sales of Securities
During the six months ended June 30, 2006, purchases and sales of investment securities (excluding short-term investments) aggregated $174,322,636 and $177,362,114, respectively.
C. Related Parties
Investment Advisory Agreement. Deutsche Asset Management, Inc. ("DeAM" or "Advisor"), an indirect, wholly owned subsidiary of Deutsche Bank AG, is the Portfolio's Advisor. Under the Investment Advisory Agreement, the Portfolio pays the Advisor an annual fee based on its average daily net assets, which is calculated daily and paid monthly at the annual rate of 0.35%.
Northern Trust Investments, N.A. ("NTI") acts as investment sub-advisor for the Portfolio. As the Portfolio's investment sub-advisor, NTI makes the Portfolio's investment decisions. It buys and sells securities for the Portfolio and conducts the research that leads to these purchase and sale decisions. DeAM, Inc. pays a fee to NTI for acting as investment sub-advisor to the Portfolio.
For the period from January 1, 2006 through September 30, 2006, the Advisor has contractually agreed to waive all or a portion of its fees and/or reimburse expenses on Class A and Class B shares of the Portfolio, to the extent necessary, to maintain the operating expenses at 0.45% and 0.70% of average daily net assets for Class A and Class B shares, respectively (excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest, and organizational and offering expenses).
Accordingly, for the six months ended June 30, 2006, the Advisor waived a portion of its Advisory fee aggregating $43,299 and the amount charged aggregated $895,734, which was equivalent to an annualized effective rate of 0.33% of the Portfolio's average daily net assets.
The Advisor may recoup any of its waived/reimbursed investment advisory fees within the following three years if the Portfolio is able to make the repayment without exceeding its contractual expense limits during the period of waiver/reimbursement. As of December 31, 2005, $438,628 was subject to repayment to the Advisor.
Administrative Services Fee. Prior to June 1, 2006, Investment Company Capital Corp. ("ICCC" or the "Administrator"), an affiliate of the Advisor, was the Portfolio's Administrator. The Portfolio paid the Administrator an annual fee ("Administrative service fee") based on its average daily net assets which is accrued daily and payable monthly at an annual rate of 0.03%. For the period January 1, 2006 through May 31, 2006, ICCC received an administrative service fee of $90,218, of which $1,567 is unpaid.
Effective June 1, 2006, the Administrator agreement with ICCC was terminated and the Portfolio entered into an Administrative Service Agreement with Deutsche Investment Management Americas, Inc. ("DeIM"), an indirect, wholly owned subsidiary of Deutsche Bank AG, pursuant to which DeIM provides most administrative services to the Portfolio. For all services provided under the Administrative Services Agreement, the Portfolio pays DeIM an annual fee ("Administration fee") of 0.10% of the Portfolio's average daily net assets, computed and accrued daily and payable monthly. For the period June 1, 2006 through June 30, 2006, DeIM received an administration fee of $42,750, all of which is unpaid.
DeIM has and ICCC had entered into a sub-accounting agreement with DWS Scudder Fund Accounting Corporation ("DWS-SFAC"), a wholly owned subsidiary of Deutsche Bank AG. Under the agreement, DWS-SFAC performs accounting services and other related services to the Portfolio. Pursuant to a sub-accounting agreement between DWS-SFAC and State Street Bank and Trust Company, DWS-SFAC has delegated certain accounting functions to State Street Corp. The costs and expenses of such delegation are borne by DeIM, and were borne by ICCC, not by the Portfolio.
Distribution Service Agreement. DWS Scudder Distributors, Inc. ("DWS-SDI"), also an affiliate of the Advisor, is the Portfolio's distributor. In accordance with the Distribution Plan, DWS-SDI receives 12b-1 fees of up to 0.25% of average daily net assets of Class B shares. For the six months ended June 30, 2006, the Distribution service fee was $64,745, of which $12,575 is unpaid.
Service Provider Fees. DWS Scudder Investments Service Company ("DWS-SISC"), an affiliate of the Advisor, is the transfer agent, dividend-paying agent and shareholder service agent for the Portfolio. Pursuant to a sub-transfer agency agreement between DWS-SISC and DST Systems, Inc. ("DST"), DWS-SISC has delegated certain transfer agent and dividend paying agent functions to DST. DWS-SISC compensates DST out of the shareholder servicing fee it receives from the Portfolio. For the six months ended June 30, 2006, the amount charged to the Portfolio by DWS-SISC aggregated $30,200, all of which was waived by the Advisor.
Typesetting and Filing Service Fees. Under an agreement with DeIM, DeIM is compensated for providing typesetting and certain regulatory filing services to the Portfolio. For the six months ended June 30, 2006, the amount charged to the Portfolio by DeIM included in the reports to shareholders aggregated $6,468, of which $4,800 is unpaid.
Trustees' Fees and Expenses. As compensation for his or her services, each Independent Trustee receives an aggregated annual fee, plus a fee for each meeting attended (plus reimbursement for reasonable out-of-pocket expenses incurred in connection with his or her attendance at board and committee meetings) from each Fund in the Fund Complex for which he or she serves. In addition, the Lead Trustee of the Board and the Chairman of each committee of the Board receives additional compensation for their services. Payment of such fees and expenses is allocated among all such Funds described above in direct proportion to their relative net assets.
Cash Management QP Trust. Pursuant to an Exemptive Order issued by the SEC, the Portfolio may invest in the Cash Management QP Trust (the "QP Trust") and other affiliated funds managed by the Manager or Advisor. The QP Trust seeks to provide as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity. The QP Trust does not pay the Manager or Advisor a management fee for the affiliated funds' investments in the QP Trust.
D. Expense Reductions
The Portfolio has entered into an arrangement with its custodian whereby credits realized as a result of uninvested cash balances are used to reduce a portion of the Portfolio's custodian expenses. During the six months ended June 30, 2006, the Portfolio's custodian fees were reduced by $982 for custody credits earned.
E. Line of Credit
The Portfolio and several other affiliated funds (the "Participants") share in a $750 million revolving credit facility administered by JP Morgan Chase Bank N.A. for temporary or emergency purposes, including the meeting of redemption requests that otherwise might require the untimely disposition of securities. The Participants are charged an annual commitment fee which is allocated, based upon net assets, among each of the Participants. Interest is calculated at the Federal Funds Rate plus 0.5 percent. The Portfolio may borrow up to a maximum of 33 percent of its net assets under the agreement.
F. Ownership of the Portfolio
At June 30, 2006, two participating insurance companies were beneficial owners of record of 10% or more of the total outstanding Class A shares of the Portfolio, each owning 50% and 12%, respectively. At June 30, 2006, two participating insurance companies were beneficial owners of record of 10% or more of the outstanding Class B shares of the Portfolio, each owning 50% and 24%, respectively.
G. Regulatory Matters and Litigation
Market Timing Related Regulatory and Litigation Matters. Since at least July 2003, federal, state and industry regulators have been conducting ongoing inquiries and investigations ("inquiries") into the mutual fund industry, and have requested information from numerous mutual fund companies, including DWS Scudder. The DWS funds' advisors have been cooperating in connection with these inquiries and are in discussions with the regulators concerning proposed settlements. Publicity about mutual fund practices arising from these industry-wide inquiries serves as the general basis of a number of private lawsuits against the DWS funds. These lawsuits, which previously have been reported in the press, involve purported class action and derivative lawsuits, making various allegations and naming as defendants various persons, including certain DWS funds, the funds' investment advisors and their affiliates, and certain individuals, including in some cases fund Trustees/Directors, officers, and other parties. Each DWS fund's investment advisor has agreed to indemnify the applicable DWS funds in connection with these lawsuits, or other lawsuits or regulatory actions that may be filed making allegations similar to these lawsuits regarding market timing, revenue sharing, fund valuation or other subjects arising from or related to the pending inquiries. It is not possible to determine with certainty what the outcome of these inquiries will be or what the effect, if any, would be on the funds or their advisors.
With respect to the lawsuits, based on currently available information, the funds' investment advisors believe the likelihood that the pending lawsuits will have a material adverse financial impact on a DWS fund is remote and such actions are not likely to materially affect their ability to perform under their investment management agreements with the DWS funds.
With respect to the regulatory matters, Deutsche Asset Management ("DeAM") has advised the funds as follows:
DeAM expects to reach final agreements with regulators in 2006 regarding allegations of improper trading in the DWS funds. DeAM expects that it will reach settlement agreements with the Securities and Exchange Commission, the New York Attorney General and the Illinois Secretary of State providing for payment of disgorgement, penalties, and investor education contributions totaling approximately $134 million. Approximately $127 million of this amount would be distributed to shareholders of the affected DWS funds in accordance with a distribution plan to be developed by an independent distribution consultant. DeAM does not believe that any of the DWS funds will be named as respondents or defendants in any proceedings. The funds' investment advisors do not believe these amounts will have a material adverse financial impact on them or materially affect their ability to perform under their investment management agreements with the DWS funds. The above-described amounts are not material to Deutsche Bank, and they have already been reserved.
Based on the settlement discussions thus far, DeAM believes that it will be able to reach a settlement with the regulators on a basis that is generally consistent with settlements reached by other advisors, taking into account the particular facts and circumstances of market timing at DeAM and at the legacy Scudder and Kemper organizations prior to their acquisition by DeAM in April 2002. Among the terms of the expected settled orders, DeAM would be subject to certain undertakings regarding the conduct of its business in the future, including maintaining existing management fee reductions for certain funds for a period of five years. DeAM expects that these settlements would resolve regulatory allegations that it violated certain provisions of federal and state securities laws (i) by entering into trading arrangements that permitted certain investors to engage in market timing in certain DWS funds and (ii) by failing more generally to take adequate measures to prevent market timing in the DWS funds, primarily during the 1999-2001 period. With respect to the trading arrangements, DeAM expects that the settlement documents will include allegations related to one legacy DeAM arrangement, as well as three legacy Scudder and six legacy Kemper arrangements. All of these trading arrangements originated in businesses that existed prior to the current DeAM organization, which came together in April 2002 as a result of the various mergers of the legacy Scudder, Kemper and Deutsche fund groups, and all of the arrangements were terminated prior to the start of the regulatory investigations that began in the summer of 2003. No current DeAM employee approved the trading arrangements.
There is no certainty that the final settlement documents will contain the foregoing terms and conditions. The independent Trustees/Directors of the DWS funds have carefully monitored these regulatory investigations with the assistance of independent legal counsel and independent economic consultants.
Other Regulatory Matters. DeAM is also engaged in settlement discussions with the Enforcement Staffs of the SEC and the NASD regarding DeAM's practices during 2001-2003 with respect to directing brokerage commissions for portfolio transactions by certain DWS funds to broker-dealers that sold shares in the DWS funds and provided enhanced marketing and distribution for shares in the DWS funds. In addition, DWS Scudder Distributors, Inc. is in settlement discussions with the Enforcement Staff of the NASD regarding DWS Scudder Distributors' payment of non-cash compensation to associated persons of NASD member firms, as well as DWS Scudder Distributors' procedures regarding non-cash compensation regarding entertainment provided to such associated persons.
Additional information announced by Deutsche Asset Management regarding the terms of the expected settlements referred to in the Market Timing Related Regulatory and Litigation Matters and Other Regulatory Matters in the Notes to Financial Statements will be made available at www.dws-scudder.com/regulatory_settlements, which will also disclose the terms of any final settlement agreements once they are announced.
A description of the fund's policies and procedures for voting proxies for portfolio securities and information about how the fund voted proxies related to its portfolio securities during the 12-month period ended June 30 is available on our Web site — www.dws-scudder.com (click on "proxy voting"at the bottom of the page) — or on the SEC's Web site — www.sec.gov. To obtain a written copy of the fund's policies and procedures without charge, upon request, call us toll free at 1-800-621-1048.
A Special Meeting of Shareholders (the "Meeting") of DWS Investments VIT Funds (the "Fund") was held on May 5, 2006, at the offices of Deutsche Asset Management, 345 Park Avenue, New York, New York 10154. At the Meeting, the following matters were voted upon by the Shareholders (the resulting votes are presented below).
I. Election of Trustees. ("Number of Votes" represents all funds that are series of DWS Investments VIT Funds.)
| Number of Votes: | |
| For | Withheld |
Henry P. Becton, Jr. | 90,776,022.825 | 3,767,879.874 |
Dawn-Marie Driscoll | 90,634,404.365 | 3,909,498.334 |
Keith R. Fox | 90,791,668.751 | 3,752,233.948 |
Kenneth C. Froewiss | 90,771,594.500 | 3,772,308.199 |
Martin J. Gruber | 90,715,472.102 | 3,828,430.597 |
Richard J. Herring | 90,810,930.620 | 3,732,972.079 |
Graham E. Jones | 90,698,771.929 | 3,845,130.770 |
Rebecca W. Rimel | 90,681,776.859 | 3,862,125.840 |
Philip Saunders, Jr. | 90,716,673.809 | 3,827,228.890 |
William N. Searcy, Jr. | 90,728,370.338 | 3,815,532.361 |
Jean Gleason Stromberg | 90,699,168.340 | 3,844,734.359 |
Carl W. Vogt | 90,735,977.335 | 3,807,925.364 |
Axel Schwarzer | 90,689,970.472 | 3,853,932.227 |
II-A. Approval of an Amended and Restated Investment Management Agreement with Deutsche Asset Management, Inc.
Number of Votes: | ||
Affirmative | Against | Abstain |
26,000,053.355 | 257,320.194 | 825,459.751 |
II-B. Approval of an Amended and Restated Investment Management Agreement with Deutsche Investment Management Americas Inc.
Number of Votes: | ||
Affirmative | Against | Abstain |
25,896,972.778 | 381,753.057 | 804,107.465 |
II-C. Approval of a Subadvisor Approval Policy.
Number of Votes: | ||
Affirmative | Against | Abstain |
25,469,887.497 | 789,645.236 | 823,300.567 |
III. Approval of revised fundamental investment restrictions on:
III-A. Borrowing Money
Number of Votes: | ||
Affirmative | Against | Abstain |
24,701,876.617 | 1,382,703.205 | 998,253.478 |
III-B. Pledging Assets
Number of Votes: | ||
Affirmative | Against | Abstain |
24,634,473.999 | 1,450,105.823 | 998,253.478 |
III-C. Senior Securities
Number of Votes: | ||
Affirmative | Against | Abstain |
24,646,752.124 | 1,444,121.813 | 991,959.363 |
III-D. Concentration
Number of Votes: | ||
Affirmative | Against | Abstain |
24,755,380.876 | 1,335,493.061 | 991,959.363 |
III-E. Underwriting of Securities
Number of Votes: | ||
Affirmative | Against | Abstain |
24,670,744.699 | 1,420,129.238 | 991,959.363 |
III-F. Real Estate Investments
Number of Votes: | ||
Affirmative | Against | Abstain |
24,716,274.563 | 1,374,599.374 | 991,959.363 |
III-G. Commodities
Number of Votes: | ||
Affirmative | Against | Abstain |
24,672,557.217 | 1,418,316.720 | 991,959.363 |
III-H. Lending
Number of Votes: | ||
Affirmative | Against | Abstain |
24,712,303.536 | 1,372,276.286 | 998,253.478 |
III-I. Portfolio Diversification for Diversified Funds
Number of Votes: | ||
Affirmative | Against | Abstain |
24,758,362.457 | 1,332,511.480 | 991,959.363 |
III-K. Oil, Gas and Mineral Programs
Number of Votes: | ||
Affirmative | Against | Abstain |
24,740,324.413 | 1,350,549.524 | 991,959.363 |
IV-A. Approval of Amended and Restated Declaration of Trust. ("Number of Votes" represents all funds that are a series of DWS Investments VIT Funds.)
Number of Votes: | ||
Affirmative | Against | Abstain |
85,808,378.965 | 2,981,421.936 | 5,754,101.798 |
The Meeting was reconvened on June 1, 2006, at which time the following matter was voted upon by the Shareholders. (The resulting votes are presented below.)
VI-B. Approval of Future Amendments to the Amended and Restated Declaration of Trust. ("Number of Votes" represents all funds that are a series of DWS Investments VIT Funds.)
Number of Votes: | ||
Affirmative | Against | Abstain |
89,118,434.930 | 3,652,849.477 | 6,890,954.333 |
* Broker non-votes are proxies received by the fund from brokers or nominees when the broker or nominee neither has received instructions from the beneficial owner or other persons entitled to vote nor has discretionary power to vote on a particular matter.
About the Portfolio's Advisor
Deutsche Asset Management, Inc., an indirect, wholly owned subsidiary of Deutsche Bank AG, is the Portfolio's Advisor.
DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management, Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company.
The views expressed in this report reflect those of the portfolio managers only through the end of the period of the report as stated on the cover. The managers' views are subject to change at any time based on market and other conditions and should not be construed as a recommendation.
This information must be preceded or accompanied by a current prospectus.
Portfolio changes should not be considered recommendations for action by individual investors.
DWS Scudder Distributors, Inc.
222 South Riverside Plaza
Chicago, IL 60606
(800) 778-1482
vit-scif-3 (8/06) 45954
| ITEM 2. | CODE OF ETHICS. |
| Not applicable. |
| ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
| Not applicable. |
| ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
| Not applicable. |
| ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS |
| Not Applicable |
| ITEM 6. | SCHEDULE OF INVESTMENTS |
| Not Applicable |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
| Not applicable. |
ITEM 8. | PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
| Not applicable. |
ITEM 9. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS |
| Not Applicable. |
| ITEM 10. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
The Nominating and Governance Committee evaluates and nominates Board member candidates. Fund shareholders may also submit nominees that will be considered by the Committee when a Board vacancy occurs. Submissions should be mailed to the attention of the Secretary of the Fund, Two International Place, 10th Floor, Boston, MA 02110.
| ITEM 11. | CONTROLS AND PROCEDURES. |
(a) | The Chief Executive and Financial Officers concluded that the Registrant's Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report. |
(b) | There have been no changes in the registrant's internal control over financial reporting that occurred during the registrant's last half-year (the registrant's second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting. |
| ITEM 12. | EXHIBITS. |
(a)(1) | Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. |
(b) | Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT. |
Form N-CSRS Item F
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: | DWS Small Cap Index VIP, a series of DWS Investments VIT Funds |
By: | /s/Michael G. Clark | |
| Michael G. Clark |
|
President
Date: | August 22, 2006 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Registrant: | DWS Small Cap Index VIP, a series of DWS Investments VIT Funds |
By: | /s/Michael G. Clark | |
| Michael G. Clark |
|
President
Date: | August 22, 2006 |
By: | /s/Paul Schubert | |
| Paul Schubert |
|
Chief Financial Officer and Treasurer
Date: | August 22, 2006 |