In considering the information and materials described above, the Independent Directors received assistance from, and met separately with, their independent legal counsel and were provided with a written description of their statutory responsibilities and the legal standards that are applicable to approvals of advisory agreements. Although the Advisory Agreements and Subadvisory Agreements for all of the Funds were considered at the same Board meeting, the Directors addressed each Fund separately. In view of the broad scope and variety of factors and information, the Directors did not find it practicable to, and did not, assign relative weights to the specific factors considered in reaching their conclusions and determinations to approve the Advisory Agreements and Subadvisory Agreements for an additional year. Rather, the approval determinations were made on the basis of each Director’s business judgment after consideration of all of the factors taken in their entirety. Although not meant to be all-inclusive, the following discusses some of the factors relevant to the Board’s decisions to approve the Advisory Agreements and Subadvisory Agreements.
In examining the nature, extent and quality of the services to be provided by the Adviser, the Directors considered the qualifications, experience and capability of the Adviser’s management and other personnel and the extent of care and conscientiousness with which the Adviser performs its duties. In this regard, the Directors considered, among other matters: (a) the asset allocation services provided, and the monitoring of the performance of the underlying funds performed, by the Adviser with respect to the Model Portfolio Funds and the Milestone Funds; (b) the performance monitoring and on-going due diligence performed with respect to the underlying mutual fund in which the Money Market Fund invests; (c) the subadviser selection process and fee negotiation process whereby the Adviser seeks to achieve an appropriate and competitive level of fee and fee structure, and the Adviser’s on-going monitoring of the appropriateness and competitiveness of each subadvisory fee and fee structure; (d) the process by which the Adviser evaluates and monitors the subadvisers, including with respect to portfolio security brokerage and trading practices; (e) the Adviser’s ability and willingness to identify instances where there may be a need to replace a subadviser, reallocate assets or both and to efficiently and economically effect such changes; (f) the cash management services provided to the Sub-Advised Funds; and (g) the nature of the non-investment advisory services provided to the Funds, such as the supervision of the Funds’ other third-party service providers by the Adviser or its affiliates.
The Board also considered the nature, extent and quality of the services provided to the Funds by the Adviser’s affiliates, including transfer agency and distribution services. The Board took into account the extensive shareholder services provided by VTA in order to satisfy the needs of the Funds’ shareholders.
In addition, the Directors considered information regarding the overall financial strength of the Adviser and its affiliates and the resources and staffing in place with respect to the services provided to the Funds in light of the current market environment.
With respect to the nature, extent and quality of the investment advisory services provided by each subadviser to the Sub-Advised Funds, the Directors considered each subadviser’s investment management process in managing the assets allocated to it, including the experience and capability of the subadviser’s management and other personnel responsible for the portfolio management of the applicable Fund and compliance with the Fund’s investment policies and restrictions. In addition, in light of the current market environment, the Directors considered information with respect to the change in assets under management of each subadviser over the course of the year; the percentage of assets the applicable Fund represents of the assets under management of each subadviser; and the resources and staffing in place with regard to the services provided to the Funds by each subadviser. The Directors also considered the favorable assessment provided by the Adviser as to the nature and quality of the services provided by each subadviser to the Sub-Advised Funds and the resources and staffing in place at each subadviser with respect to the Sub-Advised Funds.
VANTAGEPOINT FUNDS
Additional Information (Unaudited)—(Continued)
Based on the totality of the information considered, the Directors concluded that the Funds were likely to benefit from the nature, extent and quality of the Adviser’s and the subadvisers’ services, as applicable, as well as the services of the Adviser’s affiliates, and that the Adviser and its affiliates as well as the subadvisers have the ability to continue to provide these services based on their respective experience, operations and current resources.
Investment Performance.
The Board placed emphasis on the investment performance of each of the Funds. While consideration was given to performance reports and discussions held at prior Board or Investment Committee meetings, as applicable, particular attention was given to the performance reports provided specifically for the January Meeting. In particular, the Directors reviewed the performance of each Fund over a five-year period ending June 30, 2008, or shorter period, as applicable, relative to its stated investment objective, benchmark and peer group. The Directors also considered updated performance information for each Fund, relative to its benchmark and Morningstar, Inc. (“Morningstar”) peer category, through October 31, 2008.
In reviewing the performance of the Funds over the five-year period ended June 30, 2008, the Directors considered that the performance of each of the following Funds was in one of the first three quintiles of its peer group for all of the periods reviewed: Money Market Fund; Low Duration Bond Fund; Growth & Income Fund; Select Value Fund; Discovery Fund; Diversified Assets Fund; 500 Stock Index Fund; Broad Market Index Fund; Model Portfolio Savings Oriented Fund; Model Portfolio Conservative Growth Fund; Model Portfolio Traditional Growth Fund; Model Portfolio Long-Term Growth Fund; Model Portfolio All-Equity Growth Fund; and each of the Milestone Funds. In addition, the Directors considered that the performance of each of the following Funds was in one of the first three quintiles of its peer group for all but one of the periods reviewed: Equity Income Fund; International Fund; and Core Bond Index Fund (Class II).
With regard to the performance of the Inflation Protected Securities Fund relative to its peer group, the Directors considered that the Fund’s performance for the most recent one-, two- and three-year periods ended June 30, 2008 was in the first or second quintile of its peer group. The Directors also noted the changes to the Fund’s principal investment strategy, effective May 1, 2007, whereby the Fund invests, under normal circumstances, primarily in inflation-adjusted U.S. and non-U.S. debt securities. In connection with the implementation of this change in investment strategy, the Board approved two new subadvisers to replace the previous subadviser, also effective May 1, 2007.
With respect to the performance of the Asset Allocation Fund, the Directors considered the Adviser’s assessment that, as compared to the Asset Allocation Fund’s peer group, the Fund employs a more passively managed asset allocation strategy and, that, due to this strategy, the Asset Allocation Fund has had an overweight to equities periodically throughout the periods reviewed, which was the main contributor to the Fund’s relative performance versus its peer group. The Directors also considered that when compared to its Morningstar Moderate Allocation Fund peer category, a group of mutual funds compiled by Morningstar that the Adviser considers to contain funds with more similar investment strategies than the Lipper peer group, the performance of the Fund in four out of the past five calendar years (from 2003 – 2007) was above the median of the Morningstar Moderate Allocation Fund peer category.
With regard to the performance of the Growth Fund relative to its peer group, the Directors considered that the Growth Fund’s performance for the most recent three-year period ended June 30 was above the median of its peer group. The Board also noted that two of the Growth Fund’s subadvisers had been replaced in September 2008 in order to improve the Fund’s performance.
With regard to the performance of the Aggressive Opportunities Fund relative to its peer group, the Directors noted that the performance of the Fund for the most recent five-year period ended June 30 was in the third quintile of its peer group. In addition, the Directors considered that the performance of the Fund for the most recent one- and five-year periods ended October 31, 2008 was above the median of its Morningstar peer category, the Morningstar Mid-Cap Growth Fund peer category.
With respect to the performance of the Mid/Small Company Index Fund relative to its peer group, the Board considered the Adviser’s assessment that its peer group was comprised of mid-cap only funds, rather than mid/small cap funds similar to the Fund, which affected the Fund’s performance compared to its peer group.
With regard to the performance of the Overseas Equity Index Fund relative to its peer group, the Directors considered that the Class I and Class II performance of the Fund was in the third and second quintiles, respectively, of its peer
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group for the most recent one-year period ended June 30. The Directors also took into consideration the Adviser’s explanation that the Fund performed as expected relative to its benchmark when taking into account the fees and expenses of the Fund.
For the Sub-Advised Funds, the Directors also considered the Adviser’s conclusions, and the reasons supporting the Adviser’s conclusions, that the performance record of each subadviser with respect to the assets of the Fund it manages supports approval of its Subadvisory Agreement for an additional one-year period. The Directors also determined that they would closely monitor the performance of certain subadvisers during the coming year.
Fund Expenses, Costs of Services, Economies of Scale and Related Benefits. Management Fees and Expenses.
The Board considered the fees payable under each Advisory Agreement and under each Subadvisory Agreement for the Sub-Advised Funds. The Board reviewed the information compiled by Lipper comparing each Fund’s contractual management fee rate (at common asset levels) and actual management fee rate (which included the effect of any fee waivers) as a percentage of total assets—these fee rates include advisory and administrative service fees—to other funds in its peer group. Based on the data provided on management fee rates, on a Fund-by-Fund basis, the Board noted that: (i) each Fund’s contractual management fee rate was lower than the median of its expense peer group, except for the Aggressive Opportunities Fund; and (ii) the actual management fee rate of each Fund was lower than or equal to the median of its expense peer group, except for the Inflation Protected Securities Fund, 500 Stock Index Fund (Class I), Broad Market Index Fund (Class I), Mid/Small Company Index Fund (Class I), Milestone 2010 Fund, Milestone 2015 Fund, Milestone 2020 Fund, Milestone 2025 Fund, Milestone 2030 Fund, Milestone 2035 Fund and each of the Model Portfolio Funds. With respect to these Funds, the Board considered that each Fund’s actual total expense ratio was lower than the median of its peer group.
The Board also reviewed the information compiled by Lipper comparing each Fund’s total expense ratio to other funds in its peer group. Based on this comparative expense data, the Board noted that the actual total expense ratio for each Fund was lower than or equal to the median of its expense peer group. The Directors also took into account that the Adviser did not intend to continue after April 30, 2009 its current agreement to limit the total annual operating expenses of each Milestone Fund.
With regard to the Sub-Advised Funds, the Directors also considered the Adviser’s assessment, which was based in part on information provided by the subadvisers, that each subadvisory fee reflects the lowest available fee schedule from the respective subadviser for “like accounts.” For this purpose, the term “like accounts” was used by the Adviser generally to describe other portfolios managed by a subadviser that have the same investment objective as, and other characteristics (including asset size) similar to, the portfolio being managed for the Fund by the subadviser.
For each Sub-Advised Fund, the Directors also considered the Adviser’s conclusion that the compensation payable to each subadviser under its respective Subadvisory Agreement is fair and reasonable in light of the nature and quality of the services to be provided to the Fund and each subadviser’s ability to fulfill its contractual obligations.
The foregoing comparisons assisted the Directors in determining to approve each Advisory Agreement and Subadvisory Agreement by providing them with a basis for evaluating each Fund’s management fee and expense ratio on a relative basis.
Profitability. The Board reviewed the materials it received from the Adviser regarding its revenues and expenses in connection with the services provided to each Fund and the Funds as a whole. The Directors considered information regarding VTA’s revenues and expenses relating to the services it provides to each Fund and the Funds as a whole. The materials provided in this regard showed, and the Directors acknowledged, that the Adviser and VTA experienced positive net margins with respect to certain Funds and did not experience positive net margins with respect to other Funds. The Directors also considered the overall net margin levels of the Adviser and VTA. With respect to the Sub-Advised Funds, the Directors reviewed the subadviser profitability information to the extent available, and took into account the Adviser’s on-going monitoring of the appropriateness and competitiveness of each subadvisory fee and fee structure, as well as the Adviser’s assessment that the subadvisory fee rates charged by each subadviser reflect the lowest available fee schedule from the subadviser for like accounts.
Economies of Scale. With respect to whether economies of scale are realized by the Adviser as a Fund’s assets increase and whether management fee levels reflect these economies of scale for the benefit of Fund investors, the Board
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Additional Information (Unaudited)—(Continued)
considered, on a Fund-by-Fund basis, the current level of management fee charged and fee structure and concluded that the Adviser’s fee structure with respect to each Fund was appropriate at this time.
With regard to each Sub-Advised Fund, the Directors considered that the fee schedule relating to each Subadvisory Agreement (except for the Subadvisory Agreements with PIMCO (Inflation Protected Securities Fund), Legg Mason (Growth Fund and Aggressive Opportunities Fund), Artisan (International Fund), GlobeFlex (International Fund), Analytic (Diversified Assets Fund), Drake (Diversified Assets Fund) and Mellon (Diversified Assets Fund)) currently includes breakpoints and these Sub-Advised Funds and their shareholders will benefit from reduced subadvisory fee rates as the assets managed by the relevant subadviser increase, and that this represents a recognition that economies are being passed on by the subadviser to the Fund’s shareholders. The Directors also considered that each Subadvisory Agreement was the product of arm’s-length negotiations. The Directors further considered the appropriateness of each subadvisory fee structure in light of the Adviser’s assessment that each subadvisory fee reflects the lowest available fee schedule from the respective subadviser for like accounts.
“Fall Out” or Ancillary Benefits. The Board considered whether there were any “fall-out” or ancillary benefits that may accrue to the Adviser and its affiliates and the subadvisers as a result of their relationships with the Funds. The Directors noted that, based on the information provided, the Adviser did not consider there to be any significant benefits in this regard. With regard to the subadvisers, the Board considered that certain subadvisers may experience benefits due to their relationships with the Funds, which include reputational and marketing benefits, and may direct Fund brokerage transactions to certain brokers to obtain research and other services. However, the Directors noted that the subadvisers are required to select brokers who meet the Funds’ requirements for seeking best execution, and that the Adviser monitors and evaluates the subadvisers’ trade execution with respect to the Funds’ brokerage transactions on a regular basis and provides reports to the Board in this regard. The Board concluded that the benefits accruing to the subadvisers by virtue of their relationships to the Funds appeared to be reasonable.
After evaluation of the comparative performance, fee and expense information and the profitability, ancillary benefits and other considerations as described above, and in light of the nature, extent and quality of services to be provided by the Adviser and each subadviser, the Board concluded that the level of fees to be paid to the Adviser with respect to each Fund, and each subadviser with respect to the Sub-Advised Funds, is reasonable.
In summary, based on the various considerations discussed above, the Board determined that approval of the Advisory Agreement with respect to each Fund and the Subadvisory Agreement with respect to each Sub-Advised Fund was in the best interests of the applicable Fund. As a result, the Board, including a majority of the Independent Directors, approved each Advisory Agreement and Subadvisory Agreement.
Consideration of Amendment to the Subadvisory Agreement with Payden & Rygel for the Vantagepoint Diversified Assets Fund.
At a meeting held on March 27, 2009 (“March Meeting”), the Board, including a majority of the Independent Directors, approved an amendment to the Subadvisory Agreement among the Company, the Adviser and Payden & Rygel (“Payden”) relating to the Diversified Assets Fund (“Amendment”). Payden has served as a subadviser to the Diversified Assets Fund since its inception utilizing a short duration fixed income strategy. At the March Meeting, the Adviser recommended to the Board that Payden be appointed to manage on an interim basis the assets allocated to Drake, also a subadviser since the inception of the Diversified Assets Fund, after Drake provided notice to the Adviser of its decision to resign as a subadviser, and that Payden employ a low duration global fixed income strategy. The Amendment provides for Payden to receive a fee for managing such additional assets of the Diversified Assets Fund pursuant to a low duration global fixed income strategy.
With respect to the Board’s consideration of the Amendment, the Directors received written information in advance of the March Meeting from the Adviser, which included: (1) the Adviser’s rationale for selecting and recommending for Board approval Payden to manage additional assets of the Diversified Assets Fund; (2) the nature, extent and quality of the services that Payden would provide to the Diversified Assets Fund; (3) Payden’s experience, investment management business, personnel and operations; (4) Payden’s brokerage and trading policies and practices; (5) the level of the subadvisory fee to be charged to the Diversified Assets Fund by Payden for managing the additional assets pursuant to a low duration global fixed income strategy and a comparison of that fee to the: (a) fees charged by Payden for managing other comparable accounts; and (b) fees charged by a group of U.S. separate account investment managers utilizing
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Additional Information (Unaudited)—(Continued)
a short duration fixed income mandate (which includes low duration global mandates); (6) Payden’s historical performance returns utilizing a low duration global fixed income mandate and such performance compared to a relevant benchmark and peer group; (7) the Diversified Assets Fund’s expected overall investment advisory fee and projected total expense ratio, taking into account the change in subadvisory arrangements, compared to a group of long-short funds; and (8) Payden’s financial condition.
In considering the information and materials described above, the Independent Directors received assistance from and met separately with their independent legal counsel and were provided with a written description of their statutory responsibilities and the legal standards that are applicable to approvals of advisory agreements.
In determining whether to approve the Amendment, the Directors considered the information received in advance of the March Meeting, the presentations made by, and discussions held with, representatives of Payden, the Adviser’s personnel and the Company’s Chief Compliance Officer at an Investment Committee meeting held prior to the March Meeting and at the March Meeting, as applicable, as well as a variety of factors, and reached the following conclusions:
Nature, Extent and Quality of Services.
With respect to the nature, extent and quality of the services expected to be provided by Payden with respect to its low duration global fixed income strategy, the Directors considered the specific investment process to be employed by Payden in managing the additional assets of the Diversified Assets Fund to be allocated to it; the qualifications of Payden’s investment management team with regard to implementing a low duration global fixed income mandate; Payden’s overall favorable performance record as compared to a relevant benchmark and peer group; Payden’s infrastructure and whether it appeared to adequately support a low duration global fixed income strategy; and the Adviser’s rationale and favorable assessment as to the nature, quality and extent of the subadvisory services expected to be provided by Payden to the Diversified Assets Fund with respect to a low duration global fixed income strategy. The Directors acknowledged that Payden has a successful performance record as a low duration fixed income manager; has an experienced portfolio management team; and appears to have adequate infrastructure and support staff to seek to achieve favorable results implementing a low duration global fixed income mandate for the Diversified Assets Fund. The Directors concluded that the nature, extent and quality of the subadvisory services expected to be provided by Payden with respect to employing a low duration global fixed income strategy were appropriate for the Diversified Assets Fund in light of its investment strategy and, thus, supported a decision to approve the Amendment.
Investment Performance.
The Directors evaluated Payden’s historical investment performance record in managing its clients’ assets utilizing a low duration global fixed income mandate and considered the performance record versus a relevant benchmark and peer group (based on information provided by an independent third-party source). The Directors concluded that the overall historical investment performance record of Payden supported approval of the Amendment.
Subadvisory Fee, Expense Ratio Impact and Economies of Scale.
In evaluating the proposed subadvisory fee for the low duration global fixed income strategy that Payden is to employ for the Diversified Assets Fund, the Directors reviewed Payden’s subadvisory fee schedule. The Directors considered comparisons of the subadvisory fee to be charged by Payden to the Diversified Assets Fund for the low duration global fixed income mandate with its fee schedule for managing other accounts with an investment mandate similar to the low duration global fixed income mandate Payden is to employ on behalf of the Diversified Assets Fund. The Directors also considered that, according to the information provided by the Adviser, the proposed contractual fee schedule for Payden reflected the lowest fee rate currently charged by Payden to other accounts for which the subadviser provides advisory services utilizing a similar mandate, and, according to the information provided by the Adviser, is lower than its standard fee schedule for managing accounts with a similar mandate. The Directors also noted that Payden agreed to voluntarily waive a portion of its subadvisory fee for managing the additional assets of the Diversified Assets Fund such that the effective fee rate for the low duration global fixed income mandate would be eight basis points during the interim period. Additionally, the nature of the subadvisory services Payden is to provide to the Diversified Assets Fund appeared to be comparable to those Payden currently provides to its other subadvisory relationships.
The Directors reviewed information provided by the Adviser (which was based on an independent third-party source) on the fees charged to accounts with assets comparable to the amount of assets to be allocated initially to Payden with
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Additional Information (Unaudited)—(Continued)
respect to the low duration global fixed income mandate to a group of U.S. separate account investment managers that employ a similar investment style to the investment style Payden is to employ for managing the additional assets of the Diversified Assets Fund. According to the information provided, the contractual effective fee rate to be paid by the Diversified Assets Fund to Payden for the low duration global fixed income mandate at the proposed initial asset allocation level would be below the median fee charged by such managers.
The Directors also considered that there would be no increase in the overall contractual subadvisory fees and, therefore, no increase in the total expense ratio of the Diversified Assets Fund due to the appointment of Payden. Referring to data provided by the Adviser and compiled by Morningstar, a provider of independent investment company data, the Directors also noted that the expected contractual total investment advisory fee for the Diversified Assets Fund, taking into account the subadvisory fee to be paid to Payden for managing a low duration global fixed income strategy, was lower than the average and median investment advisory fee of a group of mutual funds in Morningstar’s long-short category. The Directors also considered information provided by the Adviser and compiled by Morningstar on the total expense ratios of a group of mutual funds in Morningstar’s long-short category, which showed that, if Payden managed a low duration global fixed income strategy for the Diversified Assets Fund at the proposed subadvisory fee rate and initial asset allocation level, and taking into account the Diversified Assets Fund’s other existing subadvisory arrangements and current subadvisory fee rates, the Diversified Assets Fund’s expected total expense ratio would be below the average and median expense ratios of such funds.
The foregoing comparisons assisted the Directors in considering the Amendment by providing them with a basis for evaluating Payden’s fee for managing additional assets of the Diversified Assets Fund, including in light of the Diversified Assets Fund’s expected overall investment advisory fee and total expense ratio, on a relative basis. Based on this information, the Directors concluded that Payden’s subadvisory fee for managing the additional assets of the Diversified Assets Fund appeared to be within a reasonable range for the services to be provided.
The Directors also reviewed the information provided by Payden regarding the estimated profits to be realized from its relationship with the Diversified Assets Fund for managing the additional assets of the Fund pursuant to a low duration global fixed income mandate. In reviewing the extent to which economies of scale may be realized by the Diversified Assets Fund as the assets of the Fund to be managed by Payden in the low duration global fixed income mandate grow, and whether the proposed fee levels reflect these economies, the Directors considered that Payden’s proposed contractual fee schedule for this mandate was the product of arm’s-length negotiations, and the Adviser’s assessment that the subadvisory fee schedule for this mandate reflects the lowest available fee schedule from Payden for like accounts (accounts of similar size and investment style). The Directors concluded that Payden’s proposed fee schedule for managing the additional assets of the Diversified Assets Fund was appropriate at this time.
Other Considerations.
The Directors considered the Adviser’s judgment that Payden’s experience in managing global fixed income portfolios is expected to add value by contributing positively to the Diversified Assets Fund’s performance while controlling risk. The Directors also considered their experience with Payden as a current subadviser to the Diversified Assets Fund and certain other series of the Company, as well as Payden’s familiarity with the Diversified Assets Fund and other series of the Company.
The Directors considered the selection and due diligence process employed by the Adviser in deciding to recommend Payden as an interim subadviser to manage additional assets of the Diversified Assets Fund and also considered the Adviser’s conclusion that the fee to be paid by the Diversified Assets Fund to Payden for managing the additional assets of the Fund is reasonable and appropriate in light of the nature and quality of services to be provided by Payden and the reasons supporting that conclusion. The Directors also considered information from the Adviser concerning its strategy to efficiently implement the transition of the additional assets to Payden. The Directors concluded that the Adviser’s recommendations and conclusions supported approval of the Amendment.
The Directors also considered the potential “fall-out” or ancillary benefits that may accrue to Payden due to its relationship with the Diversified Assets Fund. The Directors considered that Payden does not anticipate any such benefits due to its relationship with the Diversified Assets Fund.
Conclusion. After full consideration of the foregoing factors, with no single factor identified as being of paramount importance, the Directors, including a majority of the Independent Directors, concluded that the approval of the
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Additional Information (Unaudited)—(Continued)
Amendment was in the best interests of the Diversified Assets Fund and its shareholders, and approved the Amendment, and the fee to be paid to Payden for managing the additional assets of the Diversified Assets Fund.
C. | | Directors and Officers Remuneration |
Aggregate compensation that was paid to the directors during the six months ended June 30, 2009 totaled $43,563. Executive officers do not receive any compensation from The Vantagepoint Funds. However, the Board of Directors of the Vantagepoint Funds has agreed to reimburse ICMA-RC for certain costs associated with the Chief Compliance Officer function. The amount reimbursed during the six months ended June 30, 2009 totaled $125,661. The Statement of Additional Information includes additional information about The Vantagepoint Funds’ Board of Directors and is available, without charge, upon request, by calling 800-669-7400.
Only one copy of this Semi-Annual Report may be mailed to households, even if more than one person in a household is a shareholder of record unless; The Vantagepoint Funds have received instructions to the contrary. If you need additional copies of this Semi-Annual Report, please contact The Vantagepoint Funds toll free at 800-669-7400 or in writing at 777 North Capitol Street, NE, Suite 600, Washington, D.C. 20002. If you do not want this mailing of this Semi-Annual Report to be combined with those for other members of your household, contact the Vantagepoint Funds in writing at 777 North Capitol Street, NE, Suite 600,Washington, D.C. 20002 or toll free at 800-669-7400.
E. | | Other Available Information |
A description of the Company’s proxy voting policies and procedures and the proxy voting record for the 12-month period ended June 30, 2009 are available on the Company’s website at www.icmarc.org or by accessing the Securities and Exchange Commission’s website at www.sec.gov.
The Company files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q; the Company’s Forms N-Q are available on the SEC’s website at www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.
133
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint
Money Market Fund
|
|
|
| Shares
|
|
|
| Value
|
|
|---|
MUTUAL FUND—100.0% |
Invesco AIM Short-Term Investment Trusts Liquid Assets Portfolio
(Cost $466,952,753) | | | | | 466,952,753 | | | | | | | $ | 466,952,753 | |
TOTAL INVESTMENTS—100.0% | | | | | | | |
| (Cost $466,952,753) | | | | | | 466,952,753 | |
| Other assets less liabilities—(0.0%) | | | | | | (40,622 | ) |
NET ASSETS—100.0% | | | | | | | | | | | | $ | 466,912,131 | |
See accompanying notes to financial statements.
134
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CORPORATE OBLIGATIONS—46.9% |
Banks—5.4% |
| Bank of America Corp. |
| 6.600% | | | | 05/15/2010 | | | | $ | 200,000 | | | $ | 203,232 | |
| 4.875% | | | | 09/15/2012 | | | | | 3,910,000 | | | | 3,869,782 | |
| 4.875% | | | | 01/15/2013 | | | | | 1,000,000 | | | | 988,760 | |
| 4.375% | | | | 12/01/2010 | | | | | 1,240,000 | | | | 1,243,598 | |
| Citigroup, Inc. | | | |
| 5.100% | | | | 09/29/2011 | | | | | 1,000,000 | | | | 979,761 | |
| 2.583% | | | | 05/15/2018 | | # | | | 7,186,000 | | | | 5,636,404 | |
| Goldman Sachs Group, Inc. (The) MTN | | | |
| 6.000% | | | | 05/01/2014 | | | | | 901,000 | | | | 941,318 | |
| JPMorgan Chase & Co. | | | |
| 6.750% | | | | 02/01/2011 | | † | | | 1,240,000 | | | | 1,296,857 | |
| 4.750% | | | | 05/01/2013 | | | | | 6,900,000 | | | | 6,993,605 | |
| Morgan Stanley | | | |
| 6.000% | | | | 05/13/2014 | | | | | 700,000 | | | | 709,467 | |
| Morgan Stanley, Series F MTN | | | |
| 3.006% | | | | 05/14/2010 | | # | | | 700,000 | | | | 698,136 | |
| | | | | | | | | | | | | | 23,560,920 | |
Beverages—0.3% |
| Bottling Group LLC | | | |
| 6.950% | | | | 03/15/2014 | | | | | 975,000 | | | | 1,113,194 | |
Biotechnology—0.4% |
| Amgen, Inc. | | | |
| 4.000% | | | | 11/18/2009 | | | | | 1,800,000 | | | | 1,824,592 | |
Capital Markets—1.6% |
| Bank of New York Mellon Corp. (The) | | | |
| 4.300% | | | | 05/15/2014 | | | | | 1,170,000 | | | | 1,190,158 | |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | | | | 01/20/2012 | | ˆ | | | 1,230,000 | | | | 1,237,922 | |
| Northern Trust Corp. | | | |
| 5.500% | | | | 08/15/2013 | | | | | 4,290,000 | | | | 4,552,437 | |
| | | | | | | | | | | | | | 6,980,517 | |
Chemicals—1.0% |
| Dow Chemical Co. (The) | | | |
| 7.600% | | | | 05/15/2014 | | | | | 4,385,000 | | | | 4,521,106 | |
Commercial Banks—9.7% |
| Barclays Bank plc (United Kingdom) | | | |
| 5.450% | | | | 09/12/2012 | | | | | 5,940,000 | | | | 6,197,612 | |
| 2.700% | | | | 03/05/2012 | | ˆ | | | 1,000,000 | | | | 1,013,598 | |
| Commonwealth Bank of Australia (Australia) | | | |
| 2.400% | | | | 01/12/2012 | | ˆ† | | | 1,404,000 | | | | 1,410,252 | |
| ING Bank NV (Netherlands) | | | |
| 2.625% | | | | 02/09/2012 | | ˆ | | | 1,700,000 | | | | 1,721,377 | |
| M&T Bank Corp. | | | |
| 5.375% | | | | 05/24/2012 | | † | | | 6,680,000 | | | | 6,601,283 | |
| Marshall & Ilsley Corp. | | | |
| 5.626% | | | | 08/17/2009 | | | | | 6,500,000 | | | | 6,477,434 | |
| National Australia Bank Ltd. (Australia) | | | |
| 2.550% | | | | 01/13/2012 | | ˆ† | | | 1,665,000 | | | | 1,677,694 | |
| SunTrust Banks, Inc. | | | |
| 5.250% | | | | 11/05/2012 | | † | | | 6,700,000 | | | | 6,833,263 | |
| Swedbank AB (Sweden) | | | |
| 2.800% | | | | 02/10/2012 | | ˆ | | | 900,000 | | | | 911,327 | |
| Toronto-Dominion Bank (The) MTN (Canada) | | | |
| 2.081% | | | | 09/10/2010 | | # | | | EUR 750,000 | | | | 1,051,258 | |
| US Bancorp | | | |
| 4.200% | | | | 05/15/2014 | | | | | 1,300,000 | | | | 1,316,127 | |
| US Bancorp MTN |
| 1.407% | | | | 05/06/2010 | | # | | $ | 1,200,000 | | | $ | 1,203,367 | |
| Wachovia Bank NA, Bank Note | | | |
| 7.800% | | | | 08/18/2010 | | | | | 1,750,000 | | | | 1,821,748 | |
| Wachovia Corp. | | | |
| 0.818% | | | | 06/01/2010 | | # | | | 3,280,000 | | | | 3,257,457 | |
| Wells Fargo & Co. | | | |
| 5.300% | | | | 08/26/2011 | | | | | 1,240,000 | | | | 1,311,854 | |
| | | | | | | | | | | | | | 42,805,651 | |
Communications Equipment—0.3% |
| Cisco Systems, Inc. | | | |
| 5.250% | | | | 02/22/2011 | | | | | 1,250,000 | | | | 1,318,566 | |
Computers & Peripherals—1.5% |
| Dell, Inc. | | | |
| 3.375% | | | | 06/15/2012 | | | | | 1,610,000 | | | | 1,640,023 | |
| Hewlett-Packard Co. | | | |
| 4.250% | | | | 02/24/2012 | | | | | 730,000 | | | | 762,405 | |
| 2.950% | | | | 08/15/2012 | | | | | 1,760,000 | | | | 1,774,323 | |
| 2.250% | | | | 05/27/2011 | | | | | 1,000,000 | | | | 1,003,508 | |
| International Business Machines Corp. | | | |
| 4.950% | | | | 03/22/2011 | | | | | 1,250,000 | | | | 1,316,567 | |
| | | | | | | | | | | | | | 6,496,826 | |
Consumer Finance—3.1% |
| American Express Credit Corp., Series C | | | |
| 7.300% | | | | 08/20/2013 | | | | | 2,450,000 | | | | 2,549,541 | |
| Caterpillar Financial Services Corp. MTN | | | |
| 5.750% | | | | 02/15/2012 | | † | | | 900,000 | | | | 943,079 | |
| HSBC Finance Corp. | | | |
| 6.375% | | | | 10/15/2011 | | | | | 3,150,000 | | | | 3,222,715 | |
| International Lease Finance Corp., Series Q MTN | | | |
| 5.250% | | | | 01/10/2013 | | | | | 1,169,000 | | | | 884,472 | |
| International Lease Finance Corp., Series R MTN | | | |
| 5.300% | | | | 05/01/2012 | | | | | 2,095,000 | | | | 1,624,968 | |
| John Deere Capital Corp., Series D MTN | | | |
| 1.807% | | | | 01/18/2011 | | # | | | 1,170,000 | | | | 1,162,816 | |
| SLM Corp., Series A MTN | | | |
| 1.232% | | | | 07/27/2009 | | # | | | 3,160,000 | | | | 3,143,403 | |
| | | | | | | | | | | | | | 13,530,994 | |
Containers & Packaging—0.1% |
| Ball Corp. | | | |
| 6.875% | | | | 12/15/2012 | | | | | 455,000 | | | | 453,862 | |
Diversified Financial Services—4.9% |
| American Express Travel Related Services Co., Inc. | | | |
| 5.250% | | | | 11/21/2011 | | ˆ | | | 6,000,000 | | | | 5,967,474 | |
| BP Capital Markets plc (United Kingdom) | | | |
| 5.250% | | | | 11/07/2013 | | | | | 800,000 | | | | 859,483 | |
| CME Group, Inc. | | | |
| 5.750% | | | | 02/15/2014 | | | | | 6,350,000 | | | | 6,778,606 | |
| General Electric Capital Corp. | | | |
| 5.900% | | | | 05/13/2014 | | | | | 680,000 | | | | 694,776 | |
| General Electric Capital Corp., Series A MTN | | | |
| 5.250% | | | | 10/19/2012 | | | | | 4,206,000 | | | | 4,326,914 | |
| Hutchison Whampoa International 03/33 Ltd. (Cayman Islands) | | | |
| 5.450% | | | | 11/24/2010 | | ˆ | | | 1,500,000 | | | | 1,557,027 | |
| National Rural Utilities Cooperative Finance Corp. | | | |
| 5.750% | | | | 08/28/2009 | | | | $ | 1,200,000 | | | | 1,208,531 | |
| | | | | | | | | | | | | | 21,392,811 | |
|
See accompanying notes to financial statements.
135
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Diversified Telecommunication Services—1.6% |
| AT&T, Inc. | | |
| 4.850% | | | | 02/15/2014 | | † | | $ | 600,000 | | | $ | 622,961 | |
| 4.125% | | | | 09/15/2009 | | | | | 1,500,000 | | | | 1,507,628 | |
| Deutsche Telekom International Finance BV (Netherlands) | | | |
| 5.375% | | | | 03/23/2011 | | | | | 1,250,000 | | | | 1,301,391 | |
| Verizon Communications, Inc. | | | |
| 4.350% | | | | 02/15/2013 | | | | | 2,145,000 | | | | 2,192,857 | |
| Verizon Global Funding Corp. | | | |
| 7.250% | | | | 12/01/2010 | | | | | 1,250,000 | | | | 1,331,375 | |
| | | | | | | | | | | | | | 6,956,212 | |
Electric Utilities—1.1% |
| Duke Energy Carolinas LLC | | | |
| 6.250% | | | | 01/15/2012 | | | | | 1,165,000 | | | | 1,253,545 | |
| Exelon Corp. | | | |
| 6.750% | | | | 05/01/2011 | | | | | 750,000 | | | | 783,160 | |
| Exelon Generation Co. LLC | | | |
| 6.950% | | | | 06/15/2011 | | | | | 450,000 | | | | 476,745 | |
| FPL Group Capital, Inc. | | | |
| 5.625% | | | | 09/01/2011 | | | | | 910,000 | | | | 973,246 | |
| Pacific Gas & Electric Co. | | | |
| 1.598% | | | | 06/10/2010 | | # | | | 1,500,000 | | | | 1,507,827 | |
| | | | | | | | | | | | | | 4,994,523 | |
Food & Staples Retailing—0.5% |
| CVS Caremark Corp. | | | |
| 4.000% | | | | 09/15/2009 | | † | | | 2,000,000 | | | | 2,011,742 | |
Food Products—0.7% |
| Campbell Soup Co. | | | |
| 6.750% | | | | 02/15/2011 | | | | | 800,000 | | | | 865,834 | |
| Kellogg Co. | | | |
| 5.125% | | | | 12/03/2012 | | | | | 1,000,000 | | | | 1,069,803 | |
| Unilever Capital Corp. | | | |
| 7.125% | | | | 11/01/2010 | | | | | 1,175,000 | | | | 1,254,964 | |
| | | | | | | | | | | | | | 3,190,601 | |
Health Care Providers & Services—1.0% |
| Express Scripts, Inc. | | | |
| 5.250% | | | | 06/15/2012 | | | | | 1,100,000 | | | | 1,137,241 | |
| WellPoint, Inc. | | | |
| 6.800% | | | | 08/01/2012 | | | | | 3,290,000 | | | | 3,436,040 | |
| | | | | | | | | | | | | | 4,573,281 | |
Household Products—0.1% |
| Procter & Gamble Co. (The) | | | |
| 3.500% | | | | 02/15/2015 | | | | | 400,000 | | | | 404,200 | |
Industrial Conglomerates—0.2% |
| 3M Co., Series E MTN | | | |
| 4.500% | | | | 11/01/2011 | | | | | 1,000,000 | | | | 1,063,714 | |
Insurance—2.4% |
| Allstate Corp. (The) | | | |
| 6.200% | | | | 05/16/2014 | | | | | 800,000 | | | | 839,974 | |
| American International Group, Inc. | | | |
| 4.700% | | | | 10/01/2010 | | | | | 1,000,000 | | | | 812,186 | |
| Berkshire Hathaway Finance Corp. | | | |
| 4.000% | | | | 04/15/2012 | | ˆ | | | 700,000 | | | | 723,919 | |
| Metropolitan Life Global Funding I |
| 5.125% | | | | 04/10/2013 | | ˆ | | $ | 5,480,000 | | | $ | 5,578,311 | |
| 1.358% | | | | 06/25/2010 | | #ˆ | | | 1,100,000 | | | | 1,096,612 | |
| Prudential Financial, Inc. | | | |
| 6.200% | | | | 01/15/2015 | | | | | 1,423,000 | | | | 1,392,711 | |
| | | | | | | | | | | | | | 10,443,713 | |
Life Science Tools & Services—0.2% |
| Roche Holdings, Inc. | | | |
| 4.500% | | | | 03/01/2012 | | ˆ | | | 853,000 | | | | 897,316 | |
Machinery—0.4% |
| Eaton Corp. | | | |
| 5.950% | | | | 03/20/2014 | | | | | 900,000 | | | | 943,631 | |
| Ingersoll-Rand Global Holding Co., Ltd. (Bermuda) | | | |
| 2.420% | | | | 08/13/2010 | | # | | | 845,000 | | | | 825,219 | |
| | | | | | | | | | | | | | 1,768,850 | |
Media—0.9% |
| Comcast Corp. | | | |
| 5.450% | | | | 11/15/2010 | | | | | 2,250,000 | | | | 2,340,302 | |
| CSC Holdings, Inc., Series B | | | |
| 7.625% | | | | 04/01/2011 | | | | | 595,000 | | | | 592,025 | |
| Time Warner, Inc. | | | |
| 1.150% | | | | 11/13/2009 | | # | | | 1,000,000 | | | | 997,704 | |
| | | | | | | | | | | | | | 3,930,031 | |
Metals & Mining—3.1% |
| Alcoa, Inc. | | | |
| 6.000% | | | | 07/15/2013 | | | | | 5,525,000 | | | | 5,402,698 | |
| Nucor Corp. | | | |
| 5.000% | | | | 06/01/2013 | | | | | 1,328,000 | | | | 1,387,233 | |
| Rio Tinto Finance USA Ltd. (Australia) | | | |
| 5.875% | | | | 07/15/2013 | | † | | | 6,974,000 | | | | 7,023,927 | |
| | | | | | | | | | | | | | 13,813,858 | |
Multi-National—0.8% |
| European Investment Bank MTN (Supranational) | | | |
| 4.750% | | | | 04/15/2011 | | | | | EUR 2,300,000 | | | | 3,407,603 | |
Oil, Gas & Consumable Fuels—0.8% |
| Chevron Corp. | | | |
| 3.450% | | | | 03/03/2012 | | | | | 600,000 | | | | 619,291 | |
| ConocoPhillips | | | |
| 4.750% | | | | 02/01/2014 | | | | | 600,000 | | | | 625,351 | |
| 4.600% | | | | 01/15/2015 | | | | | 455,000 | | | | 468,147 | |
| Shell International Finance BV (Netherlands) | | | |
| 5.625% | | | | 06/27/2011 | | | | | 1,860,000 | | | | 2,001,343 | |
| | | | | | | | | | | | | | 3,714,132 | |
Pharmaceuticals—1.4% |
| Abbott Laboratories | | | |
| 5.600% | | | | 05/15/2011 | | | | | 1,150,000 | | | | 1,229,198 | |
| Merck & Co., Inc. | | | |
| 1.875% | | | | 06/30/2011 | | | | | 2,100,000 | | | | 2,103,707 | |
| Novartis Capital Corp. | | | |
| 4.125% | | | | 02/10/2014 | | | | | 310,000 | | | | 319,437 | |
| Pfizer, Inc. | | | |
| 4.450% | | | | 03/15/2012 | | | | | 1,000,000 | | | | 1,049,905 | |
| 3.625% | | | | 06/03/2013 | | | | | EUR 200,000 | | | | 282,736 | |
| Wyeth | | | |
| 6.950% | | | | 03/15/2011 | | | | | 1,000,000 | | | | 1,083,125 | |
| | | | | | | | | | | | | | 6,068,108 | |
| | | | | | | | | | | | | | | |
|
See accompanying notes to financial statements.
136
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Road & Rail—0.1% |
| Union Pacific Corp. |
| 6.125% | | | | 01/15/2012 | | | | $ | 545,000 | | | $ | 569,952 | |
Software—0.7% |
| Microsoft Corp. | | | |
| 2.950% | | | | 06/01/2014 | | | | | 1,400,000 | | | | 1,391,418 | |
| Oracle Corp. | | | |
| 5.000% | | | | 01/15/2011 | | | | | 1,547,000 | | | | 1,622,319 | |
| | | | | | | | | | | | | | 3,013,737 | |
Specialty Retail—0.1% |
| GameStop Corp./GameStop, Inc. | | | |
| 8.000% | | | | 10/01/2012 | | | | | 325,000 | | | | 329,062 | |
Tobacco—2.2% |
| Altria Group, Inc. | | | |
| 8.500% | | | | 11/10/2013 | | | | | 4,609,000 | | | | 5,243,991 | |
| Philip Morris International, Inc. | | | |
| 6.875% | | | | 03/17/2014 | | | | | 4,120,000 | | | | 4,653,396 | |
| | | | | | | | | | | | | | 9,897,387 | |
Wireless Telecommunication Services—0.3% |
| Verizon Wireless Capital LLC | | | |
| 5.550% | | | | 02/01/2014 | | ˆ | | | 400,000 | | | | 425,080 | |
| 3.750% | | | | 05/20/2011 | | ˆ | | | 1,000,000 | | | | 1,020,933 | |
| | | | | | | | | | | | | | 1,446,013 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $203,325,945) | | | | | | | | 206,493,074 | |
| |
U.S. GOVERNMENT AGENCY OBLIGATIONS—9.0% |
Government Backed Corporate (FDIC) Obligations—1.1% |
| General Electric Capital Corp. |
| 1.800% | | | | 03/11/2011 | | | | | 3,300,000 | | | | 3,331,129 | |
| JPMorgan Chase & Co. |
| 2.200% | | | | 06/15/2012 | | | | | 1,200,000 | | | | 1,206,929 | |
| | | | | | | | | | | | | | 4,538,058 | |
U.S. Government Agency Obligations—7.9% |
| Federal Home Loan Bank |
| 5.375% | | | | 08/19/2011 | | | | | 7,390,000 | | | | 7,985,789 | |
| 1.625% | | | | 01/21/2011 | | † | | | 3,100,000 | | | | 3,135,855 | |
| 1.375% | | | | 05/16/2011 | | | | | 8,000,000 | | | | 8,028,352 | |
| Federal Home Loan Mortgage Corp. |
| 4.625% | | | | 10/25/2012 | | † | | | 4,410,000 | | | | 4,758,244 | |
| 1.750% | | | | 06/15/2012 | | † | | | 7,000,000 | | | | 6,979,553 | |
| Federal National Mortgage Association |
| 1.375% | | | | 04/28/2011 | | † | | | 4,000,000 | | | | 4,012,152 | |
| | | | | | | | | | | | | | 34,899,945 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $39,298,821) | | | | | | | | 39,438,003 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—8.5% |
U.S. Government Agency Mortgage-Backed Securities—8.5% |
| Federal Home Loan Mortgage Corp. |
| 6.000% | | | | 11/01/2022 | | | | $ | 1,396,204 | | | $ | 1,478,581 | |
| Federal Home Loan Mortgage Corp. REMICS |
| 5.000% | | | | 06/15/2024 | | | | | 969,607 | | | | 983,628 | |
| 4.250% | | | | 06/15/2024 | | | | | 468,225 | | | | 470,939 | |
| Federal National Mortgage Association |
| 5.089% | | | | 10/01/2034 | | # | | | 3,425,580 | | | | 3,513,308 | |
| 5.085% | | | | 09/01/2034 | | # | | | 399,504 | | | | 407,663 | |
| 4.886% | | | | 09/01/2034 | | # | | | 325,182 | | | | 331,970 | |
| 4.726% | | | | 10/01/2034 | | # | | | 601,884 | | | | 622,029 | |
| Government National Mortgage Association |
| 6.500% | | | | 10/20/2037-
09/20/2038 | | | | | 13,269,277 | | | | 14,061,041 | |
| 6.000% | | | | 07/20/2038-
02/15/2039 | | | | | 9,277,459 | | | | 9,676,357 | |
| 4.500% | | | | 04/20/2024-
08/20/2035 | | | | | 5,770,719 | | | | 5,971,287 | |
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES |
| (Cost $36,747,184) | | | | | | | | 37,516,803 | |
| |
U.S. TREASURY OBLIGATIONS—0.1% |
U.S. Treasury Notes—0.1% |
| U.S. Treasury Note |
| 3.125% | | | | 11/30/2009 | | ‡‡ | | | | | | | | |
| (Cost $502,147) | | | | 500,000 | | | | 505,958 | |
| |
MUNICIPAL OBLIGATIONS—0.7% |
| California General Obligation Bonds (California) | | | |
| 5.250% | | | | 04/01/2014 | | | | | 1,200,000 | | | | 1,179,696 | |
| Citizens Property Insurance Corp. Revenue Bonds (Florida) | | | |
| 5.000% | | | | 06/01/2012 | | | | | 1,700,000 | | | | 1,733,473 | |
TOTAL MUNICIPAL OBLIGATIONS |
| (Cost $2,929,082) | | | | | | | | 2,913,169 | |
| |
SOVEREIGN DEBT OBLIGATIONS—3.3% |
Government Issued—3.3% |
| Bundesobligation, Series 154 (Germany) | | | |
| 2.250% | | | | 04/11/2014 | | | | | EUR 6,590,000 | | | | 9,147,730 | |
| Caisse d’Amortissement de la Dette Sociale MTN (France) | | | |
| 4.250% | | | | 11/08/2010 | | | | | 1,200,000 | | | | 1,244,899 | |
| Province of Ontario (Canada) | | | |
| 3.125% | | | | 09/08/2010 | | | | | 1,200,000 | | | | 1,225,438 | |
| 2.750% | | | | 02/22/2011 | | † | | | 1,225,000 | | | | 1,257,391 | |
| Province of Quebec, Series PJ (Canada) | | | |
| 6.125% | | | | 01/22/2011 | | † | | | 1,700,000 | | | | 1,816,981 | |
TOTAL SOVEREIGN DEBT OBLIGATIONS |
| (Cost $14,124,230) | | | | | | | | 14,692,439 | |
|
See accompanying notes to financial statements.
137
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
ASSET BACKED SECURITIES—22.5% |
Automobile—13.0% |
| Bank of America Auto Trust |
| Series 2008-1A, Class A3A |
| 4.970% | | | | 09/20/2012 | | ˆ | | $ | 1,325,000 | | | $ | 1,360,199 | |
| Bank of America Auto Trust |
| Series 2008-1A, Class A4 |
| 5.730% | | | | 01/20/2013 | | ˆ | | | 2,630,000 | | | | 2,696,272 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A1 |
| 0.792% | | | | 06/15/2010 | | | | | 800,000 | | | | 800,442 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A2 |
| 2.040% | | | | 04/15/2011 | | | | | 2,900,000 | | | | 2,908,036 | |
| Capital Auto Receivables Asset Trust |
| Series 2008-2, Class A3A |
| 4.680% | | | | 10/15/2012 | | | | | 3,225,000 | | | | 3,303,977 | |
| Capital Auto Receivables Asset Trust |
| Series 2008-1, Class A4B |
| 1.669% | | | | 07/15/2014 | | # | | | 4,000,000 | | | | 3,805,544 | |
| Capital Auto Receivables Asset Trust |
| Series 2008-1, Class A3A |
| 3.860% | | | | 08/15/2012 | | | | | 1,000,000 | | | | 1,013,819 | |
| Capital Auto Receivables Asset Trust |
| Series 2007-1, Class A4B |
| 0.359% | | | | 04/16/2012 | | # | | | 1,000,000 | | | | 982,774 | |
| Capital Auto Receivables Asset Trust |
| Series 2006-SN1A, Class A4A |
| 5.320% | | | | 03/20/2010 | | ˆ | | | 745,678 | | | | 745,678 | |
| Carmax Auto Owner Trust |
| Series 2007-1, Class B |
| 5.340% | | | | 10/15/2012 | | | | | 3,000,000 | | | | 2,644,537 | |
| Chase Manhattan Auto Owner Trust |
| Series 2006-B, Class A4 |
| 5.110% | | | | 04/15/2014 | | | | | 2,400,000 | | | | 2,473,742 | |
| Chase Manhattan Auto Owner Trust |
| Series 2006-A, Class A4 |
| 5.360% | | | | 01/15/2013 | | | | | 4,537,771 | | | | 4,561,053 | |
| Daimler Chrysler Auto Trust |
| Series 2006-C, Class A4 |
| 4.980% | | | | 11/08/2011 | | | | | 4,434,894 | | | | 4,510,083 | |
| Daimler Chrysler Auto Trust |
| Series 2008-B, Class A4A |
| 5.320% | | | | 11/10/2014 | | | | | 2,000,000 | | | | 1,868,195 | |
| Daimler Chrysler Auto Trust |
| Series 2008-A, Class A3A |
| 3.700% | | | | 06/08/2012 | | | | | 1,600,000 | | | | 1,619,377 | |
| Ford Credit Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.600% | | | | 05/15/2011 | | ˆ | | | 1,350,000 | | | | 1,353,375 | |
| Ford Credit Auto Lease Trust |
| Series 2009-A, Class A1 |
| 1.237% | | | | 06/15/2010 | | ˆ | | | 990,000 | | | | 981,183 | |
| Ford Credit Auto Owner Trust |
| Series 2007-A, Class A4A |
| 5.470% | | | | 06/15/2012 | | | | | 1,825,000 | | | | 1,906,372 | |
| Ford Credit Auto Owner Trust |
| Series 2007-B, Class A4A |
| 5.240% | | | | 07/15/2012 | | | | | 6,400,000 | | | | 6,658,667 | |
| Ford Credit Auto Owner Trust |
| Series 2006-B, Class A3 |
| 5.260% | | | | 10/15/2010 | | | | | 360,268 | | | | 362,037 | |
| Harley-Davidson Motorcycle Trust |
| Series 2006-3, Class A3 |
| 5.240% | | | | 01/15/2012 | | | | $ | 654,658 | | | $ | 661,438 | |
| Harley-Davidson Motorcycle Trust |
| Series 2007-2, Class A4 |
| 5.120% | | | | 08/15/2013 | | | | | 2,725,000 | | | | 2,785,373 | |
| Honda Auto Receivables Owner Trust |
| Series 2009-2, Class A2 |
| 2.220% | | | | 08/15/2011 | | | | | 1,300,000 | | | | 1,307,843 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.010% | | | | 04/15/2011 | | | | | 1,540,000 | | | | 1,543,781 | |
| USAA Auto Owner Trust |
| Series 2007-2, Class A3 |
| 4.900% | | | | 02/15/2012 | | | | | 1,363,443 | | | | 1,388,518 | |
| USAA Auto Owner Trust |
| Series 2008-2, Class A3 |
| 4.640% | | | | 10/15/2012 | | | | | 1,100,000 | | | | 1,137,277 | |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.870% | | | | 07/15/2011 | | | | | 1,000,000 | | | | 1,003,900 | |
| Wachovia Auto Owner Trust |
| Series 2005-B, Class A4 |
| 4.840% | | | | 04/20/2011 | | | | | 797,203 | | | | 806,332 | |
| | | | | | | | | | | | | | 57,189,824 | |
Credit Card—9.5% |
| American Express Credit Account Master Trust |
| Series 2005-4, Class A |
| 0.389% | | | | 01/15/2015 | | # | | | 1,268,000 | | | | 1,221,719 | |
| BA Credit Card Trust |
| Series 2006-A15, Class A15 |
| 0.319% | | | | 04/15/2014 | | # | | | 4,200,000 | | | | 4,062,665 | |
| BA Credit Card Trust |
| Series 2008-A5, Class A5 |
| 1.519% | | | | 12/16/2013 | | # | | | 1,000,000 | | | | 997,862 | |
| Capital One Multi-Asset Execution Trust |
| Series 2008-A5, Class A5 |
| 4.850% | | | | 02/18/2014 | | | | | 2,550,000 | | | | 2,652,817 | |
| Capital One Multi-Asset Execution Trust |
| Series 2005-A10, Class A |
| 0.399% | | | | 09/15/2015 | | # | | | 2,015,000 | | | | 1,924,007 | |
| Chase Issuance Trust |
| Series 2007-A9, Class A9 |
| 0.349% | | | | 06/16/2014 | | # | | | 3,500,000 | | | | 3,362,920 | |
| Chase Issuance Trust |
| Series 2007-A15, Class A |
| 4.960% | | | | 09/17/2012 | | | | | 1,200,000 | | | | 1,242,674 | |
| Citibank Credit Card Issuance Trust |
| Series 2007-A5, Class A5 |
| 5.500% | | | | 06/22/2012 | | | | | 4,125,000 | | | | 4,274,156 | |
| Discover Card Master Trust |
| Series 2008-A3, Class A3 |
| 5.100% | | | | 10/15/2013 | | | | | 7,755,000 | | | | 8,049,708 | |
| GE Capital Credit Card Master Note Trust |
| Series 2007-3, Class A2 |
| 5.400% | | | | 06/15/2013 | | | | | 5,915,000 | | | | 6,051,147 | |
| GE Capital Credit Card Master Note Trust |
| Series 2007-4, Class A |
| 0.369% | | | | 06/15/2015 | | # | | | 500,000 | | | | 438,809 | |
| Household Credit Card Master Note Trust I |
| Series 2007-2, Class A |
| 0.869% | | | | 07/15/2013 | | # | | | 6,400,000 | | | | 6,176,350 | |
|
See accompanying notes to financial statements.
138
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
ASSET BACKED SECURITIES—(Continued) |
| Household Credit Card Master Note Trust I |
| Series 2007-1, Class A |
| 0.369% | | | | 04/15/2013 | | # | | $ | 1,500,000 | | | $ | 1,450,755 | |
| | | | | | | | | | | | | | 41,905,589 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $97,888,327) | | | | | | | | 99,095,413 | |
| |
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES—2.5% |
Mortgage Backed—2.5% |
| Banc of America Mortgage Securities, Inc. |
| Series 2004-L, Class 1A1 |
| 5.513% | | | | 01/25/2035 | | # | | | 980,571 | | | | 804,878 | |
| GSR Mortgage Loan Trust |
| Series 2005-AR6, Class 2A1 |
| 4.469% | | | | 09/25/2035 | | # | | | 3,505,170 | | | | 2,951,668 | |
| Harborview Mortgage Loan Trust |
| Series 2005-14, Class 3A1A |
| 5.307% | | | | 12/19/2035 | | # | | | 4,772,696 | | | | 3,006,350 | |
| MLCC Mortgage Investors, Inc. |
| Series 2004-1, Class 2A2 |
| 4.561% | | | | 12/25/2034 | | # | | | 2,704,436 | | | | 2,396,342 | |
| Provident Funding Mortgage Loan Trust |
| Series 2004-1, Class 1A1 |
| 3.843% | | | | 04/25/2034 | | # | | | 389,225 | | | | 344,683 | |
| Structured Asset Mortgage Investments, Inc. |
| Series 2004-AR5, Class 2A1 |
| 2.339% | | | | 10/19/2034 | | # | | | 750,623 | | | | 490,467 | |
| Thornburg Mortgage Securities Trust |
| Series 2004-1, Class II2A |
| 3.411% | | | | 03/25/2044 | | # | | | 703,807 | | | | 599,632 | |
| Wells Fargo Mortgage Backed Securities Trust |
| Series 2004-S, Class B1 |
| 3.581% | | | | 09/25/2034 | | # | | | 2,027,118 | | | | 567,835 | |
TOTAL NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES |
| (Cost $15,725,031) | | | | | | | | 11,161,855 | |
| |
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS—1.6% |
Non-U.S. Government Agency Obligations—1.6% |
| Export Development Canada (Canada) | | | |
| 3.750% | | | | 07/15/2011 | | | | | 1,365,000 | | | | 1,423,354 | |
| Kreditanstalt fuer Wiederaufbau (Germany) | | | |
| 3.750% | | | | 06/27/2011 | | | | | 1,150,000 | | | | 1,202,550 | |
| Nederlandse Waterschapsbank NV MTN (Netherlands) | | | |
| 4.625% | | | | 07/25/2011 | | | | | EUR 1,500,000 | | | | 2,218,043 | |
| Societe Financement de l’Economie Francaise (France) | | | |
| 2.125% | | | | 01/30/2012 | | ˆ† | | | 2,300,000 | | | | 2,303,875 | |
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $7,063,475) | | | | | | | | 7,147,822 | |
|
|
|
|---|
|
|
|
|
|
|
|
|
Shares
|
| Value
|
|---|
CASH EQUIVALENTS—12.4% |
Institutional Money Market Funds—12.4% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 22,504,961 | | | $ | 22,504,961 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 11,212,136 | | | | 11,212,136 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 2,000,000 | | | | 2,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 6,700,000 | | | | 6,700,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 12,000,000 | | | | 12,000,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $54,417,097) | | | | | | 54,417,097 | |
TOTAL INVESTMENTS—107.5% | | | |
| (Cost $472,021,339) | | 473,381,633 | |
| Other assets less liabilities—(7.5%) | | (32,837,170 | ) | | |
NET ASSETS—100.0% | $ | 440,544,463 | |
| Notes to the Schedule of Investments: | |
|---|
| EUR | | | | European Monetary Unit |
| MTN | | | | Medium Term Note |
| REMICS | | | | Real Estate Mortgage Investment Conduits |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| † | | | | Denotes all or a portion of security on loan. |
| ˆ | | | | Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. 144A securities represent 7.3% of Total Investments. |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
139
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint Inflation Protected
Securities Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CORPORATE OBLIGATIONS—0.7% |
Banks—0.2% |
| Citigroup, Inc. |
| 0.944% | | | | 05/18/2011 | | # | | $ 300,000 | | $ | 283,736 | |
| Morgan Stanley, Series F MTN | | | |
| 6.625% | | | | 04/01/2018 | | | | | 300,000 | | | | 299,562 | |
| Royal Bank of Scotland Group plc, Perpetual Bond (United Kingdom) | | | |
| 7.092% | | | | 09/29/2017 | | # | | | EUR 100,000 | | | | 48,398 | |
| | | | | | | | | | | | | | 631,696 | |
Capital Markets—0.1% |
| Bear Stearns Cos. LLC (The), Series CPI MTN |
| 1.420% | | | | 03/10/2014 | | # | | | 380,000 | | | | 339,659 | |
| Lehman Brothers Holdings, Inc., Series G MTN | | | |
| 6.395% | | | | 06/02/2009 | | 5 | | | 405,000 | | | | 61,763 | |
| | | | | | | | | | | | | | 401,422 | |
Consumer Finance—0.2% |
| SLM Corp. MTN | | | |
| 0.883% | | | | 04/01/2014 | | # | | | 465,000 | | | | 270,816 | |
| SLM Corp., Series B MTN | | | |
| 0.816% | | | | 03/15/2010 | | # | | | 325,000 | | | | 294,986 | |
| | | | | | | | | | | | | | 565,802 | |
Insurance—0.1% |
| ASIF I, Series E MTN (Cayman Islands) | | | |
| 1.242% | | | | 07/26/2010 | | # | | | 600,000 | | | | 500,366 | |
Multi-National—0.1% |
| International Bank for Reconstruction & Development, Series CPI (Supranational) | | | |
| 0.000% | | | | 12/10/2013 | | # | | | 275,000 | | | | 253,825 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $2,931,460) | | | | | | | | 2,353,111 | |
| |
U.S. GOVERNMENT AGENCY OBLIGATIONS—1.9% |
Government Backed Corporate (FDIC) Obligations—1.5% |
| GMAC LLC |
| 0.629% | | | | 12/19/2012 | | # | | | 4,800,000 | | | | 4,823,405 | |
U.S. Government Agency Obligations—0.4% |
| Federal Home Loan Bank Discount Note |
| 0.151% | | | | 07/02/2009 | | | | | 200,000 | | | | 199,998 | |
| Federal Home Loan Mortgage Corp. Discount Note |
| 0.264% | | | | 11/30/2009 | | | | | 274,000 | | | | 273,763 | |
| Federal Home Loan Mortgage Corp. MTN |
| 5.000% | | | | 12/14/2018 | | † | | | 335,000 | | | | 318,637 | |
| Federal National Mortgage Association Discount Notes |
| 0.270% | | | | 11/18/2009 | | | | | 300,000 | | | | 299,761 | |
| 0.162% | | | | 07/20/2009 | | | | | 100,000 | | | | 99,991 | |
| 0.162% | | | | 07/22/2009 | | | | | 100,000 | | | | 99,990 | |
| | | | | | | | | | | | | | 1,292,140 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $6,098,201) | | | | | | | | 6,115,545 | |
| |
U.S. TREASURY OBLIGATIONS—90.5% |
U.S. Treasury Bills—0.1% |
| U.S. Treasury Bill |
| 0.050% | | | | 07/16/2009 | | | | $ | 200,000 | | | $ | 199,996 | |
U.S. Treasury Bonds—0.2% |
| U.S. Treasury Bond PO STRIPs |
| 4.656% | | | | 11/15/2027 | | | | | 1,855,000 | | | | 813,256 | |
U.S. Treasury Inflation Protected Securities Bonds—31.6% |
| U.S. Treasury Bond |
| 3.875% | | | | 04/15/2029 | | † | | | 7,845,000 | | | | 12,936,221 | |
| 3.625% | | | | 04/15/2028 | | ‡‡ | | | 3,540,000 | | | | 5,691,032 | |
| 3.375% | | | | 04/15/2032 | | | | | 510,000 | | | | 770,839 | |
| 2.500% | | | | 01/15/2029 | | | | | 5,110,000 | | | | 5,405,143 | |
| 2.375% | | | | 01/15/2025 | | † | | | 24,925,000 | | | | 29,042,812 | |
| 2.375% | | | | 01/15/2027 | | | | | 8,465,000 | | | | 9,286,549 | |
| 2.000% | | | | 01/15/2026 | | † | | | 19,380,000 | | | | 20,431,082 | |
| 1.750% | | | | 01/15/2028 | | | | | 16,228,000 | | | | 15,624,998 | |
| | | | | | | | | | | | | | 99,188,676 | |
U.S. Treasury Inflation Protected Securities Notes—58.6% |
| U.S. Treasury Note |
| 4.000% | | | | 08/15/2018 | | | | | 1,180,000 | | | | 1,224,343 | |
| 3.500% | | | | 01/15/2011 | | | | | 1,610,000 | | | | 2,060,722 | |
| 3.375% | | | | 01/15/2012 | | | | | 2,840,000 | | | | 3,629,104 | |
| 3.000% | | | | 07/15/2012 | | | | | 18,561,000 | | | | 23,347,511 | |
| 2.625% | | | | 07/15/2017 | | † | | | 4,200,000 | | | | 4,610,238 | |
| 2.500% | | | | 07/15/2016 | | | | | 3,015,000 | | | | 3,345,702 | |
| 2.375% | | | | 04/15/2011-
01/15/2017 | | | | | 27,540,000 | | | | 30,442,941 | |
| 2.125% | | | | 01/15/2019 | | † | | | 605,000 | | | | 621,353 | |
| 2.000% | | | | 04/15/2012-
01/15/2016 | | † | | | 22,495,000 | | | | 25,440,069 | |
| 2.000% | | | | 07/15/2014 | | | | | 19,850,000 | | | | 23,010,096 | |
| 1.875% | | | | 07/15/2013 | | | | | 16,574,000 | | | | 19,760,065 | |
| 1.875% | | | | 07/15/2015 | | † | | | 4,390,000 | | | | 4,871,415 | |
| 1.625% | | | | 01/15/2015 | | | | | 9,035,000 | | | | 10,055,237 | |
| 1.625% | | | | 01/15/2018 | | † | | | 11,455,000 | | | | 11,561,316 | |
| 1.375% | | | | 07/15/2018 | | | | | 3,865,000 | | | | 3,713,293 | |
| 1.250% | | | | 04/15/2014 | | † | | | 2,310,000 | | | | 2,339,897 | |
| 0.625% | | | | 04/15/2013 | | | | | 14,120,000 | | | | 14,093,889 | |
| | | | | | | | | | | | | | 184,127,191 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $283,478,259) | | | | | | | | 284,329,119 | |
| |
ASSET BACKED SECURITIES—0.3% |
Other—0.3% |
| Small Business Administration Participation Certificates |
| Series 2009-20D, Class 1 |
| 4.310% | | | | 04/01/2029 | | | | | 700,000 | | | | 706,040 | |
| Small Business Administration Participation Certificates |
| Series 2008-20D, Class 1 |
| 5.370% | | | | 04/01/2028 | | | | | 186,164 | | | | 196,702 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $886,164) | | | | | | | | 902,742 | |
See accompanying notes to financial statements.
140
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Inflation
Protected Securities Fund
|
|
|
| Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—19.0% |
Institutional Money Market Funds—19.0% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 13,249,982 | | | $ | 13,249,982 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 16,381,785 | | | | 16,381,784 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 10,000,000 | | | | 10,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 10,000,000 | | | | 10,000,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 10,000,000 | | | | 10,000,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $59,631,766) | | | | | | 59,631,766 | |
TOTAL INVESTMENTS—112.4% | | | |
| (Cost $353,025,850) | | 353,332,283 | |
| Other assets less liabilities—(12.4%) | | (39,069,873 | ) |
NET ASSETS—100.0% | $ | 314,262,410 | |
| Notes to the Schedule of Investments: | |
|---|
| EUR | | | | European Monetary Unit | | | | | | | | | | | | |
| MTN | | | | Medium Term Note | | | | | | | | | | | | |
| PO | | | | Principal Only | | | | | | | | | | | | |
| STRIPs | | | | Separately Traded Receipt of Interest and Principal Security | | | | | | | | | | | | |
| # | | | | Rate is subject to change. Rate shown reflects current rate. | | | | | | | | | | | | |
| 5 | | | | Security in default. | | | | | | | | | | | | |
| † | | | | Denotes all or a portion of security on loan. | | | | | | | | | | | | |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. | | | | | | | | | | | | |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. | | | | | | | | | | | | |
See accompanying notes to financial statements.
141
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint
Asset Allocation Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—77.0% |
Aerospace & Defense—2.1% |
| Boeing Co. (The) | | | | 27,280 | | | $ | 1,159,400 | |
| General Dynamics Corp. | | | | 14,447 | | | | 800,219 | |
| Goodrich Corp. | | | | 4,457 | | | | 222,716 | |
| Honeywell International, Inc. | | | | 27,579 | | | | 865,981 | |
| ITT Corp. | | | | 6,616 | | | | 294,412 | |
| L-3 Communications Holdings, Inc. | | | | 4,587 | | | | 318,246 | |
| Lockheed Martin Corp. | | | | 12,344 | | | | 995,544 | |
| Northrop Grumman Corp. | | | | 12,252 | | | | 559,671 | |
| Precision Castparts Corp. | | | | 5,228 | | | | 381,801 | |
| Raytheon Co. | | | | 15,094 | | | | 670,627 | |
| Rockwell Collins, Inc. | † | | | 5,900 | | | | 246,207 | |
| United Technologies Corp. | | | | 35,495 | | | | 1,844,320 | |
| | | | | | | | | | | | | | 8,359,144 | |
Air Freight & Logistics—0.8% |
| C.H. Robinson Worldwide, Inc. | | | | 6,375 | | | | 332,456 | |
| Expeditors International of Washington, Inc. | † | | | 7,887 | | | | 262,953 | |
| FedEx Corp. | | | | 11,749 | | | | 653,479 | |
| United Parcel Service, Inc., Class B | | | | 37,519 | | | | 1,875,575 | |
| | | | | | | | | | | | | | 3,124,463 | |
Airlines—0.1% |
| Southwest Airlines Co. | | | | 27,545 | | | | 185,378 | |
Auto Components—0.2% |
| Goodyear Tire & Rubber Co. (The) | * | | | 9,901 | | | | 111,485 | |
| Johnson Controls, Inc. | † | | | 22,390 | | | | 486,311 | |
| | | | | | | | | | | | | | 597,796 | |
Automobiles—0.2% |
| Ford Motor Co. | * | | | 119,586 | | | | 725,887 | |
| Harley-Davidson, Inc. | | | | 8,834 | | | | 143,199 | |
| | | | | | | | | | | | | | 869,086 | |
Beverages—2.0% |
| Brown-Forman Corp., Class B | | | | 3,519 | | | | 151,247 | |
| Coca-Cola Co. (The) | | | | 74,973 | | | | 3,597,954 | |
| Coca-Cola Enterprises, Inc. | | | | 11,662 | | | | 194,172 | |
| Constellation Brands, Inc., Class A | *† | | | 7,695 | | | | 97,573 | |
| Dr. Pepper Snapple Group, Inc. | * | | | 9,376 | | | | 198,677 | |
| Molson Coors Brewing Co., Class B | | | | 5,757 | | | | 243,694 | |
| Pepsi Bottling Group, Inc. | | | | 5,275 | | | | 178,506 | |
| PepsiCo, Inc. | | | | 58,486 | | | | 3,214,391 | |
| | | | | | | | | | | | | | 7,876,214 | |
| | | | | | | | | | | | | | | | | | | |
Biotechnology—1.4% |
| Amgen, Inc. | * | | | 38,168 | | | | 2,020,614 | |
| Biogen Idec, Inc. | * | | | 10,946 | | | | 494,212 | |
| Celgene Corp. | * | | | 17,160 | | | | 820,934 | |
| Cephalon, Inc. | *† | | | 2,557 | | | | 144,854 | |
| Genzyme Corp. | *† | | | 10,127 | | | | 563,770 | |
| Gilead Sciences, Inc. | * | | | 34,264 | | | | 1,604,926 | |
| | | | | | | | | | | | | | 5,649,310 | |
Building Products—0.0% |
| Masco Corp. | † | | | 13,244 | | | | 126,878 | |
Capital Markets—2.3% |
| Ameriprise Financial, Inc. | | | | 9,595 | | | $ | 232,871 | |
| Bank of New York Mellon Corp. (The) | | | | 44,644 | | | | 1,308,516 | |
| Charles Schwab Corp. (The) | | | | 35,196 | | | | 617,338 | |
| E*Trade Financial Corp. | *† | | | 15,638 | | | | 20,017 | |
| Federated Investors, Inc., Class B | | | | 3,633 | | | | 87,519 | |
| Franklin Resources, Inc. | | | | 5,740 | | | | 413,337 | |
| Goldman Sachs Group, Inc. (The) | | | | 18,924 | | | | 2,790,154 | |
| Invesco Ltd. | † | | | 14,324 | | | | 255,254 | |
| Janus Capital Group, Inc. | | | | 5,322 | | | | 60,671 | |
| Legg Mason, Inc. | † | | | 5,863 | | | | 142,940 | |
| Morgan Stanley | | | | 50,512 | | | | 1,440,097 | |
| Northern Trust Corp. | | | | 8,887 | | | | 477,054 | |
| State Street Corp. | | | | 18,264 | | | | 862,061 | |
| T. Rowe Price Group, Inc. | † | | | 9,762 | | | | 406,782 | |
| | | | | | | | | | | | | | 9,114,611 | |
Chemicals—1.4% |
| Air Products & Chemicals, Inc. | | | | 7,997 | | | | 516,526 | |
| CF Industries Holdings, Inc. | | | | 1,816 | | | | 134,638 | |
| Dow Chemical Co. (The) | | | | 39,933 | | | | 644,519 | |
| E.I. Du Pont de Nemours & Co. | | | | 34,086 | | | | 873,283 | |
| Eastman Chemical Co. | | | | 2,690 | | | | 101,951 | |
| Ecolab, Inc. | | | | 6,638 | | | | 258,816 | |
| International Flavors & Fragrances, Inc. | | | | 2,718 | | | | 88,933 | |
| Monsanto Co. | | | | 20,586 | | | | 1,530,363 | |
| PPG Industries, Inc. | | | | 6,159 | | | | 270,380 | |
| Praxair, Inc. | | | | 11,501 | | | | 817,376 | |
| Sigma-Aldrich Corp. | | | | 4,671 | | | | 231,495 | |
| | | | | | | | | | | | | | 5,468,280 | |
Commercial Banks—2.0% |
| BB&T Corp. | | | | 23,990 | | | | 527,300 | |
| Comerica, Inc. | † | | | 5,317 | | | | 112,455 | |
| Fifth Third Bancorp | | | | 26,319 | | | | 186,865 | |
| First Horizon National Corp. | *† | | | 8,870 | | | | 106,438 | |
| Huntington Bancshares, Inc./Ohio | † | | | 13,873 | | | | 57,989 | |
| KeyCorp | | | | 24,978 | | | | 130,885 | |
| M&T Bank Corp. | † | | | 2,772 | | | | 141,178 | |
| Marshall & Ilsley Corp. | † | | | 10,195 | | | | 48,936 | |
| PNC Financial Services Group, Inc. | | | | 17,075 | | | | 662,681 | |
| Regions Financial Corp. | | | | 41,287 | | | | 166,799 | |
| SunTrust Banks, Inc. | | | | 17,520 | | | | 288,204 | |
| U.S. Bancorp | | | | 71,607 | | | | 1,283,197 | |
| Wells Fargo & Co. | | | | 174,731 | | | | 4,238,974 | |
| Zions Bancorporation | | | | 4,374 | | | | 50,563 | |
| | | | | | | | | | | | | | 8,002,464 | |
Commercial Services & Supplies—0.4% |
| Avery Dennison Corp. | | | | 3,733 | | | | 95,863 | |
| Cintas Corp. | | | | 5,462 | | | | 124,752 | |
| Iron Mountain, Inc. | * | | | 6,808 | | | | 195,730 | |
| Pitney Bowes, Inc. | | | | 8,193 | | | | 179,673 | |
| R.R. Donnelley & Sons Co. | | | | 8,477 | | | | 98,503 | |
| Republic Services, Inc. | | | | 12,065 | | | | 294,507 | |
| Stericycle, Inc. | *† | | | 3,215 | | | | 165,669 | |
| Waste Management, Inc. | | | | 18,489 | | | | 520,650 | |
| | | | | | | | | | | | | | 1,675,347 | |
See accompanying notes to financial statements.
142
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COMMON STOCKS—(Continued) |
Communications Equipment—2.1% |
| Ciena Corp. | *† | | | 3,493 | | | $ | 36,152 | |
| Cisco Systems, Inc. | * | | | 217,190 | | | | 4,048,422 | |
| Harris Corp. | | | | 4,937 | | | | 140,013 | |
| JDS Uniphase Corp. | * | | | 8,455 | | | | 48,362 | |
| Juniper Networks, Inc. | * | | | 19,368 | | | | 457,085 | |
| Motorola, Inc. | | | | 85,311 | | | | 565,612 | |
| QUALCOMM, Inc. | | | | 62,090 | | | | 2,806,468 | |
| Tellabs, Inc. | * | | | 14,827 | | | | 84,959 | |
| | | | | | | | | | | | | | 8,187,073 | |
Computers & Peripherals—4.2% |
| Apple, Inc. | * | | | 33,529 | | | | 4,775,535 | |
| Dell, Inc. | * | | | 65,885 | | | | 904,601 | |
| EMC Corp. | * | | | 76,027 | | | | 995,954 | |
| Hewlett-Packard Co. | | | | 89,880 | | | | 3,473,862 | |
| International Business Machines Corp. | | | | 49,745 | | | | 5,194,373 | |
| Lexmark International, Inc., Class A | * | | | 2,556 | | | | 40,513 | |
| NetApp, Inc. | * | | | 12,691 | | | | 250,267 | |
| QLogic Corp. | * | | | 5,478 | | | | 69,461 | |
| SanDisk Corp. | * | | | 8,729 | | | | 128,229 | |
| Seagate Technology—Escrow Shares (Cayman Islands) | *δ | | | 10,600 | | | | — | |
| Sun Microsystems, Inc. | * | | | 26,647 | | | | 245,685 | |
| Teradata Corp. | * | | | 6,205 | | | | 145,383 | |
| Western Digital Corp. | * | | | 8,363 | | | | 221,619 | |
| | | | | | | | | | | | | | 16,445,482 | |
Construction & Engineering—0.2% |
| Fluor Corp. | † | | | 6,700 | | | | 343,643 | |
| Jacobs Engineering Group, Inc. | * | | | 4,863 | | | | 204,684 | |
| Quanta Services, Inc. | * | | | 7,325 | | | | 169,427 | |
| | | | | | | | | | | | | | 717,754 | |
Construction Materials—0.1% |
| Vulcan Materials Co. | † | | | 4,227 | | | | 182,184 | |
Consumer Finance—0.4% |
| American Express Co. | | | | 43,743 | | | | 1,016,587 | |
| Capital One Financial Corp. | | | | 16,946 | | | | 370,778 | |
| Discover Financial Services | | | | 17,603 | | | | 180,783 | |
| SLM Corp. | * | | | 16,510 | | | | 169,558 | |
| | | | | | | | | | | | | | 1,737,706 | |
Containers & Packaging—0.2% |
| Ball Corp. | | | | 3,382 | | | | 152,731 | |
| Bemis Co., Inc. | | | | 3,384 | | | | 85,277 | |
| Owens-Illinois, Inc. | * | | | 6,307 | | | | 176,659 | |
| Pactiv Corp. | *† | | | 4,590 | | | | 99,603 | |
| Sealed Air Corp. | | | | 6,332 | | | | 116,825 | |
| | | | | | | | | | | | | | 631,095 | |
Distributors—0.1% |
| Genuine Parts Co. | | | | 5,981 | | | | 200,722 | |
Diversified Consumer Services—0.2% |
| Apollo Group, Inc., Class A | *† | | | 3,858 | | | | 274,381 | |
| DeVry, Inc. | | | | 2,320 | | | | 116,093 | |
| H&R Block, Inc. | | | | 12,792 | | | | 220,406 | |
| | | | | | | | | | | | | | 610,880 | |
| | | | | | | | | | | | | | | |
|
Diversified Financial Services—2.9% |
| Bank of America Corp. | | | | 303,450 | | | $ | 4,005,540 | |
| CIT Group, Inc. | † | | | 11,325 | | | | 24,349 | |
| Citigroup, Inc. | † | | | 205,789 | | | | 611,194 | |
| CME Group, Inc. | † | | | 2,539 | | | | 789,908 | |
| IntercontinentalExchange, Inc. | * | | | 2,797 | | | | 319,529 | |
| JPMorgan Chase & Co. | | | | 146,455 | | | | 4,995,580 | |
| Leucadia National Corp. | * | | | 6,925 | | | | 146,048 | |
| Moody’s Corp. | | | | 7,286 | | | | 191,986 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 5,135 | | | | 109,427 | |
| NYSE Euronext | | | | 9,681 | | | | 263,807 | |
| | | | | | | | | | | | | | 11,457,368 | |
Diversified Telecommunication Services—2.4% |
| AT&T, Inc. | | | | 221,744 | | | | 5,508,121 | |
| CenturyTel, Inc. | † | | | 3,583 | | | | 109,998 | |
| Embarq Corp. | | | | 5,352 | | | | 225,105 | |
| Frontier Communications Corp. | † | | | 12,939 | | | | 92,384 | |
| Qwest Communications International, Inc. | † | | | 52,086 | | | | 216,157 | |
| Verizon Communications, Inc. | | | | 107,019 | | | | 3,288,694 | |
| Windstream Corp. | | | | 17,424 | | | | 145,665 | |
| | | | | | | | | | | | | | 9,586,124 | |
Electric Utilities—1.8% |
| Allegheny Energy, Inc. | † | | | 6,201 | | | | 159,056 | |
| American Electric Power Co., Inc. | | | | 17,709 | | | | 511,613 | |
| Duke Energy Corp. | | | | 47,670 | | | | 695,505 | |
| Edison International | | | | 12,274 | | | | 386,140 | |
| Entergy Corp. | | | | 7,234 | | | | 560,780 | |
| Exelon Corp. | | | | 24,834 | | | | 1,271,749 | |
| FirstEnergy Corp. | † | | | 11,498 | | | | 445,547 | |
| FPL Group, Inc. | | | | 15,410 | | | | 876,213 | |
| Northeast Utilities | † | | | 5,828 | | | | 130,023 | |
| Pepco Holdings, Inc. | | | | 7,757 | | | | 104,254 | |
| Pinnacle West Capital Corp. | † | | | 3,894 | | | | 117,404 | |
| PPL Corp. | | | | 14,111 | | | | 465,098 | |
| Progress Energy, Inc. | | | | 10,447 | | | | 395,210 | |
| Southern Co. | | | | 29,057 | | | | 905,416 | |
| | | | | | | | | | | | | | 7,024,008 | |
Electrical Equipment—0.3% |
| Cooper Industries Ltd., Class A | | | | 6,450 | | | | 200,272 | |
| Emerson Electric Co. | | | | 28,327 | | | | 917,795 | |
| Rockwell Automation, Inc. | † | | | 5,755 | | | | 184,851 | |
| | | | | | | | | | | | | | 1,302,918 | |
Electronic Equipment, Instruments & Components—0.4% |
| Agilent Technologies, Inc. | * | | | 13,452 | | | | 273,210 | |
| Amphenol Corp., Class A | | | | 6,541 | | | | 206,957 | |
| Corning, Inc. | | | | 58,248 | | | | 935,463 | |
| FLIR Systems, Inc. | * | | | 5,187 | | | | 117,019 | |
| Jabil Circuit, Inc. | | | | 7,918 | | | | 58,752 | |
| Molex, Inc. | | | | 5,571 | | | | 86,629 | |
| | | | | | | | | | | | | | 1,678,030 | |
Energy Equipment & Services—1.4% |
| Baker Hughes, Inc. | | | | 11,610 | | | | 423,068 | |
| BJ Services Co. | † | | | 10,193 | | | | 138,930 | |
| Cameron International Corp. | *† | | | 8,042 | | | | 227,589 | |
| Diamond Offshore Drilling, Inc. | † | | | 2,632 | | | | 218,588 | |
| ENSCO International, Inc. | | | | 5,279 | | | | 184,079 | |
| FMC Technologies, Inc. | * | | | 4,734 | | | | 177,904 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| Halliburton Co. | | | | 34,045 | | | $ | 704,731 | |
| Nabors Industries Ltd. (Bermuda) | *† | | | 9,942 | | | | 154,896 | |
| National Oilwell Varco, Inc. | * | | | 15,721 | | | | 513,448 | |
| Rowan Cos., Inc. | | | | 4,282 | | | | 82,728 | |
| Schlumberger Ltd. | | | | 45,018 | | | | 2,435,924 | |
| Smith International, Inc. | | | | 8,089 | | | | 208,292 | |
| | | | | | | | | | | | | | 5,470,177 | |
Food & Staples Retailing—2.4% |
| Costco Wholesale Corp. | | | | 16,428 | | | | 750,760 | |
| CVS Caremark Corp. | | | | 54,673 | | | | 1,742,428 | |
| Kroger Co. (The) | | | | 24,723 | | | | 545,142 | |
| Safeway, Inc. | | | | 16,392 | | | | 333,905 | |
| SUPERVALU, Inc. | | | | 7,526 | | | | 97,462 | |
| Sysco Corp. | | | | 22,772 | | | | 511,915 | |
| Walgreen Co. | | | | 37,400 | | | | 1,099,560 | |
| Wal-Mart Stores, Inc. | | | | 84,034 | | | | 4,070,607 | |
| Whole Foods Market, Inc. | † | | | 5,393 | | | | 102,359 | |
| | | | | | | | | | | | | | 9,254,138 | |
Food Products—1.4% |
| Archer-Daniels-Midland Co. | | | | 24,282 | | | | 650,029 | |
| Campbell Soup Co. | † | | | 7,666 | | | | 225,534 | |
| ConAgra Foods, Inc. | | | | 17,037 | | | | 324,725 | |
| Dean Foods Co. | * | | | 5,714 | | | | 109,652 | |
| General Mills, Inc. | | | | 12,283 | | | | 688,094 | |
| H.J. Heinz Co. | | | | 11,767 | | | | 420,082 | |
| Hershey Co. (The) | † | | | 6,125 | | | | 220,500 | |
| Hormel Foods Corp. | | | | 2,623 | | | | 90,598 | |
| J.M. Smucker Co. (The) | | | | 4,454 | | | | 216,731 | |
| Kellogg Co. | | | | 9,433 | | | | 439,295 | |
| Kraft Foods, Inc., Class A | | | | 55,263 | | | | 1,400,364 | |
| McCormick & Co., Inc. | | | | 4,917 | | | | 159,950 | |
| Sara Lee Corp. | | | | 25,488 | | | | 248,763 | |
| Tyson Foods, Inc., Class A | | | | 12,411 | | | | 156,503 | |
| | | | | | | | | | | | | | 5,350,820 | |
Gas Utilities—0.1% |
| EQT Corp. | † | | | 4,923 | | | | 171,862 | |
| Nicor, Inc. | | | | 1,749 | | | | 60,550 | |
| Questar Corp. | | | | 6,163 | | | | 191,423 | |
| | | | | | | | | | | | | | 423,835 | |
Health Care Equipment & Supplies—1.6% |
| Baxter International, Inc. | | | | 22,712 | | | | 1,202,827 | |
| Becton Dickinson and Co. | † | | | 9,210 | | | | 656,765 | |
| Boston Scientific Corp. | * | | | 56,548 | | | | 573,397 | |
| C.R. Bard, Inc. | † | | | 3,729 | | | | 277,624 | |
| DENTSPLY International, Inc. | † | | | 5,600 | | | | 170,912 | |
| Hospira, Inc. | * | | | 6,371 | | | | 245,411 | |
| Intuitive Surgical, Inc. | *† | | | 1,521 | | | | 248,927 | |
| Medtronic, Inc. | | | | 42,048 | | | | 1,467,055 | |
| St. Jude Medical, Inc. | * | | | 12,860 | | | | 528,546 | |
| Stryker Corp. | | | | 8,862 | | | | 352,176 | |
| Varian Medical Systems, Inc. | * | | | 4,597 | | | | 161,539 | |
| Zimmer Holdings, Inc. | * | | | 8,207 | | | | 349,618 | |
| | | | | | | | | | | | | | 6,234,797 | |
Health Care Providers & Services—1.7% |
| Aetna, Inc. | | | | 17,023 | | | | 426,426 | |
| AmerisourceBergen Corp. | | | | 11,708 | | | | 207,700 | |
| Cardinal Health, Inc. | | | | 13,541 | | | | 413,678 | |
| CIGNA Corp. | † | | | 10,193 | | | | 245,549 | |
| Coventry Health Care, Inc. | * | | | 5,216 | | | | 97,591 | |
| DaVita, Inc. | * | | | 3,846 | | | $ | 190,223 | |
| Express Scripts, Inc. | * | | | 10,058 | | | | 691,488 | |
| Humana, Inc. | * | | | 6,083 | | | | 196,238 | |
| Laboratory Corp. of America Holdings | *† | | | 4,129 | | | | 279,905 | |
| McKesson Corp. | | | | 10,408 | | | | 457,952 | |
| Medco Health Solutions, Inc. | * | | | 18,390 | | | | 838,768 | |
| Patterson Cos., Inc. | *† | | | 3,404 | | | | 73,867 | |
| Quest Diagnostics, Inc. | | | | 5,759 | | | | 324,980 | |
| Tenet Healthcare Corp. | * | | | 17,172 | | | | 48,425 | |
| UnitedHealth Group, Inc. | | | | 44,940 | | | | 1,122,601 | |
| WellPoint, Inc. | * | | | 18,328 | | | | 932,712 | |
| | | | | | | | | | | | | | 6,548,103 | |
Health Care Technology—0.0% |
| IMS Health, Inc. | | | | 6,238 | | | | 79,223 | |
Hotels, Restaurants & Leisure—1.2% |
| Carnival Corp. | | | | 16,471 | | | | 424,458 | |
| Darden Restaurants, Inc. | | | | 4,909 | | | | 161,899 | |
| International Game Technology | | | | 11,118 | | | | 176,776 | |
| Marriott International, Inc., Class A | † | | | 11,106 | | | | 245,105 | |
| McDonald’s Corp. | | | | 41,579 | | | | 2,390,377 | |
| Starbucks Corp. | *† | | | 27,414 | | | | 380,780 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 6,655 | | | | 147,741 | |
| Wyndham Worldwide Corp. | | | | 5,801 | | | | 70,308 | |
| Wynn Resorts Ltd. | *† | | | 2,103 | | | | 74,236 | |
| Yum! Brands, Inc. | | | | 17,717 | | | | 590,685 | |
| | | | | | | | | | | | | | 4,662,365 | |
Household Durables—0.3% |
| Black & Decker Corp. | | | | 2,446 | | | | 70,102 | |
| Centex Corp. | † | | | 4,781 | | | | 40,447 | |
| D.R. Horton, Inc. | | | | 10,655 | | | | 99,731 | |
| Fortune Brands, Inc. | | | | 5,549 | | | | 192,772 | |
| Harman International Industries, Inc. | † | | | 2,577 | | | | 48,448 | |
| KB Home | † | | | 3,038 | | | | 41,560 | |
| Leggett & Platt, Inc. | | | | 5,588 | | | | 85,105 | |
| Lennar Corp., Class A | | | | 5,303 | | | | 51,386 | |
| Newell Rubbermaid, Inc. | † | | | 10,683 | | | | 111,210 | |
| Pulte Homes, Inc. | † | | | 8,403 | | | | 74,198 | |
| Snap-On, Inc. | | | | 2,267 | | | | 65,154 | |
| Stanley Works (The) | | | | 2,990 | | | | 101,182 | |
| Whirlpool Corp. | † | | | 2,555 | | | | 108,741 | |
| | | | | | | | | | | | | | 1,090,036 | |
Household Products—2.1% |
| Clorox Co. | | | | 5,034 | | | | 281,048 | |
| Colgate-Palmolive Co. | | | | 18,784 | | | | 1,328,780 | |
| Kimberly-Clark Corp. | | | | 15,688 | | | | 822,522 | |
| Procter & Gamble Co. (The) | | | | 109,723 | | | | 5,606,846 | |
| | | | | | | | | | | | | | 8,039,196 | |
Independent Power Producers & Energy Traders—0.1% |
| AES Corp. (The) | * | | | 24,828 | | | | 288,253 | |
| Constellation Energy Group, Inc. | | | | 6,904 | | | | 183,508 | |
| Dynegy, Inc., Class A | * | | | 18,120 | | | | 41,133 | |
| | | | | | | | | | | | | | 512,894 | |
Industrial Conglomerates—1.6% |
| 3M Co. | | | | 26,100 | | | | 1,568,610 | |
| General Electric Co. | | | | 398,977 | | | | 4,676,010 | |
| Textron, Inc. | | | | 9,069 | | | | 87,607 | |
| | | | | | | | | | | | | | 6,332,227 | |
See accompanying notes to financial statements.
144
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
Insurance—1.8% |
| Aflac, Inc. | † | | | 18,019 | | | $ | 560,211 | |
| Allstate Corp. (The) | | | | 20,454 | | | | 499,078 | |
| American International Group, Inc. | † | | | 100,729 | | | | 116,846 | |
| AON Corp. | | | | 10,484 | | | | 397,029 | |
| Assurant, Inc. | | | | 4,233 | | | | 101,973 | |
| Chubb Corp. | | | | 13,197 | | | | 526,296 | |
| Cincinnati Financial Corp. | | | | 6,012 | | | | 134,368 | |
| Genworth Financial, Inc., Class A | | | | 17,464 | | | | 122,073 | |
| Hartford Financial Services Group, Inc. | | | | 12,324 | | | | 146,286 | |
| Lincoln National Corp. | | | | 10,532 | | | | 181,256 | |
| Loews Corp. | | | | 13,642 | | | | 373,791 | |
| Marsh & McLennan Cos., Inc. | | | | 19,336 | | | | 389,234 | |
| MBIA, Inc. | * | | | 5,731 | | | | 24,815 | |
| MetLife, Inc. | | | | 31,055 | | | | 931,960 | |
| Principal Financial Group, Inc. | | | | 11,732 | | | | 221,031 | |
| Progressive Corp. (The) | * | | | 25,377 | | | | 383,446 | |
| Prudential Financial, Inc. | | | | 17,189 | | | | 639,775 | |
| Torchmark Corp. | † | | | 3,078 | | | | 114,009 | |
| Travelers Cos., Inc. (The) | | | | 22,329 | | | | 916,382 | |
| Unum Group | | | | 12,836 | | | | 203,579 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 12,375 | | | | 141,817 | |
| | | | | | | | | | | | | | 7,125,255 | |
Internet & Catalog Retail—0.3% |
| Amazon.com, Inc. | * | | | 12,048 | | | | 1,007,936 | |
| Expedia, Inc. | * | | | 8,287 | | | | 125,216 | |
| | | | | | | | | | | | | | 1,133,152 | |
Internet Software & Services—1.4% |
| Akamai Technologies, Inc. | *† | | | 6,335 | | | | 121,505 | |
| eBay, Inc. | * | | | 41,309 | | | | 707,623 | |
| Google, Inc., Class A | * | | | 9,013 | | | | 3,799,791 | |
| VeriSign, Inc. | * | | | 7,089 | | | | 131,005 | |
| Yahoo! Inc. | * | | | 52,262 | | | | 818,423 | |
| | | | | | | | | | | | | | 5,578,347 | |
IT Services—0.8% |
| Affiliated Computer Services, Inc., Class A | * | | | 3,850 | | | | 171,017 | |
| Automatic Data Processing, Inc. | | | | 19,224 | | | | 681,299 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 10,746 | | | | 286,918 | |
| Computer Sciences Corp. | * | | | 5,556 | | | | 246,131 | |
| Convergys Corp. | * | | | 4,322 | | | | 40,108 | |
| Fidelity National Information Services, Inc. | | | | 6,806 | | | | 135,848 | |
| Fiserv, Inc. | * | | | 6,106 | | | | 279,044 | |
| Mastercard, Inc., Class A | | | | 2,726 | | | | 456,087 | |
| Paychex, Inc. | | | | 12,081 | | | | 304,441 | |
| Total System Services, Inc. | | | | 8,210 | | | | 109,932 | |
| Western Union Co. (The) | | | | 26,373 | | | | 432,517 | |
| | | | | | | | | | | | | | 3,143,342 | |
Leisure Equipment & Products—0.1% |
| Eastman Kodak Co. | † | | | 11,313 | | | | 33,486 | |
| Hasbro, Inc. | | | | 4,840 | | | | 117,322 | |
| Mattel, Inc. | † | | | 13,293 | | | | 213,353 | |
| | | | | | | | | | | | | | 364,161 | |
| | | | | | | | | | | | | | | |
|
Life Sciences Tools & Services—0.3% |
| Life Technologies Corp. | * | | | 6,575 | | | $ | 274,309 | |
| Millipore Corp. | * | | | 2,284 | | | | 160,360 | |
| PerkinElmer, Inc. | † | | | 4,085 | | | | 71,079 | |
| Thermo Fisher Scientific, Inc. | *† | | | 15,818 | | | | 644,900 | |
| Waters Corp. | *† | | | 3,645 | | | | 187,608 | |
| | | | | | | | | | | | | | 1,338,256 | |
Machinery—1.1% |
| Caterpillar, Inc. | † | | | 23,028 | | | | 760,845 | |
| Cummins, Inc. | | | | 7,460 | | | | 262,667 | |
| Danaher Corp. | † | | | 9,626 | | | | 594,309 | |
| Deere & Co. | | | | 16,134 | | | | 644,553 | |
| Dover Corp. | | | | 7,045 | | | | 233,119 | |
| Eaton Corp. | | | | 6,245 | | | | 278,590 | |
| Flowserve Corp. | | | | 2,099 | | | | 146,531 | |
| Illinois Tool Works, Inc. | | | | 14,363 | | | | 536,315 | |
| Ingersoll-Rand Co., Ltd., Class A (Bermuda) | *† | | | 1,138 | | | | 23,784 | |
| Manitowoc Co., Inc. (The) | † | | | 5,086 | | | | 26,752 | |
| PACCAR, Inc. | † | | | 13,694 | | | | 445,192 | |
| Pall Corp. | | | | 4,238 | | | | 112,561 | |
| Parker Hannifin Corp. | | | | 6,318 | | | | 271,421 | |
| | | | | | | | | | | | | | 4,336,639 | |
Media—2.0% |
| CBS Corp., Class B | | | | 25,112 | | | | 173,775 | |
| Comcast Corp., Class A | | | | 108,469 | | | | 1,571,716 | |
| DIRECTV Group, Inc. (The) | *† | | | 20,192 | | | | 498,944 | |
| Gannett Co., Inc. | † | | | 9,410 | | | | 33,594 | |
| Interpublic Group of Cos., Inc. | *† | | | 19,727 | | | | 99,621 | |
| McGraw-Hill Cos., Inc. (The) | | | | 11,925 | | | | 359,062 | |
| Meredith Corp. | | | | 1,725 | | | | 44,074 | |
| New York Times Co. (The), Class A | † | | | 3,741 | | | | 20,613 | |
| News Corp., Class A | † | | | 86,658 | | | | 789,454 | |
| Omnicom Group, Inc. | | | | 12,045 | | | | 380,381 | |
| Scripps Networks Interactive, Inc., Class A | | | | 3,333 | | | | 92,758 | |
| Time Warner Cable, Inc. | | | | 13,299 | | | | 421,179 | |
| Time Warner, Inc. | | | | 45,123 | | | | 1,136,648 | |
| Viacom, Inc., Class B | * | | | 22,659 | | | | 514,359 | |
| Walt Disney Co. (The) | | | | 69,932 | | | | 1,631,514 | |
| Washington Post Co. (The), Class B | | | | 237 | | | | 83,467 | |
| | | | | | | | | | | | | | 7,851,159 | |
Metals & Mining—0.7% |
| AK Steel Holding Corp. | | | | 4,652 | | | | 89,272 | |
| Alcoa, Inc. | † | | | 35,949 | | | | 371,353 | |
| Allegheny Technologies, Inc. | † | | | 3,541 | | | | 123,687 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 15,578 | | | | 780,614 | |
| Newmont Mining Corp. | | | | 18,326 | | | | 748,984 | |
| Nucor Corp. | | | | 11,937 | | | | 530,361 | |
| Titanium Metals Corp. | | | | 3,575 | | | | 32,854 | |
| United States Steel Corp. | † | | | 5,142 | | | | 183,775 | |
| | | | | | | | | | | | | | 2,860,900 | |
Multiline Retail—0.6% |
| Big Lots, Inc. | * | | | 3,395 | | | | 71,397 | |
| Family Dollar Stores, Inc. | | | | 5,289 | | | | 149,679 | |
| J.C. Penney Co., Inc. | | | | 8,181 | | | | 234,877 | |
| Kohl’s Corp. | * | | | 11,470 | | | | 490,342 | |
| Macy’s, Inc. | | | | 14,264 | | | | 167,745 | |
| Nordstrom, Inc. | † | | | 5,543 | | | | 110,250 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Sears Holdings Corp. | *† | | | 2,245 | | | $ | 149,337 | |
| Target Corp. | | | | 28,520 | | | | 1,125,684 | |
| | | | | | | | | | | | | | 2,499,311 | |
Multi-Utilities—1.1% |
| Ameren Corp. | | | | 7,761 | | | | 193,171 | |
| Centerpoint Energy, Inc. | | | | 12,837 | | | | 142,234 | |
| CMS Energy Corp. | † | | | 8,849 | | | | 106,896 | |
| Consolidated Edison, Inc. | | | | 10,290 | | | | 385,052 | |
| Dominion Resources, Inc. | | | | 21,878 | | | | 731,163 | |
| DTE Energy Co. | | | | 6,006 | | | | 192,192 | |
| Integrys Energy Group, Inc. | | | | 2,938 | | | | 88,111 | |
| NiSource, Inc. | | | | 10,558 | | | | 123,106 | |
| PG&E Corp. | | | | 13,877 | | | | 533,432 | |
| Public Service Enterprise Group, Inc. | | | | 19,186 | | | | 626,039 | |
| SCANA Corp. | | | | 4,420 | | | | 143,517 | |
| Sempra Energy | | | | 9,293 | | | | 461,212 | |
| TECO Energy, Inc. | | | | 8,086 | | | | 96,466 | |
| Wisconsin Energy Corp. | | | | 4,420 | | | | 179,938 | |
| Xcel Energy, Inc. | | | | 17,306 | | | | 318,603 | |
| | | | | | | | | | | | | | 4,321,132 | |
Office Electronics—0.1% |
| Xerox Corp. | | | | 32,742 | | | | 212,168 | |
Oil, Gas & Consumable Fuels—8.2% |
| Anadarko Petroleum Corp. | | | | 18,529 | | | | 841,031 | |
| Apache Corp. | | | | 12,629 | | | | 911,182 | |
| Cabot Oil & Gas Corp. | | | | 4,007 | | | | 122,775 | |
| Chesapeake Energy Corp. | | | | 21,307 | | | | 422,518 | |
| Chevron Corp. | | | | 75,561 | | | | 5,005,916 | |
| ConocoPhillips | | | | 55,826 | | | | 2,348,042 | |
| Consol Energy, Inc. | | | | 6,786 | | | | 230,453 | |
| Denbury Resources, Inc. | * | | | 9,450 | | | | 139,199 | |
| Devon Energy Corp. | | | | 16,680 | | | | 909,060 | |
| El Paso Corp. | | | | 25,197 | | | | 232,568 | |
| EOG Resources, Inc. | | | | 9,382 | | | | 637,225 | |
| Exxon Mobil Corp. | | | | 183,389 | | | | 12,820,725 | |
| Hess Corp. | | | | 10,675 | | | | 573,781 | |
| Marathon Oil Corp. | | | | 26,623 | | | | 802,151 | |
| Massey Energy Co. | | | | 3,300 | | | | 64,482 | |
| Murphy Oil Corp. | | | | 7,170 | | | | 389,474 | |
| Noble Energy, Inc. | | | | 6,323 | | | | 372,867 | |
| Occidental Petroleum Corp. | | | | 30,499 | | | | 2,007,139 | |
| Peabody Energy Corp. | † | | | 10,230 | | | | 308,537 | |
| Pioneer Natural Resources Co. | | | | 4,248 | | | | 108,324 | |
| Range Resources Corp. | † | | | 6,045 | | | | 250,324 | |
| Southwestern Energy Co. | * | | | 12,871 | | | | 500,038 | |
| Spectra Energy Corp. | | | | 24,382 | | | | 412,544 | |
| Sunoco, Inc. | | | | 4,385 | | | | 101,732 | |
| Tesoro Corp. | † | | | 5,558 | | | | 70,753 | |
| Valero Energy Corp. | | | | 20,964 | | | | 354,082 | |
| Williams Cos., Inc. (The) | | | | 21,629 | | | | 337,629 | |
| XTO Energy, Inc. | | | | 21,844 | | | | 833,130 | |
| | | | | | | | | | | | | | 32,107,681 | |
Paper & Forest Products—0.2% |
| International Paper Co. | | | | 16,057 | | | | 242,943 | |
| MeadWestvaco Corp. | | | | 7,042 | | | | 115,559 | |
| Weyerhaeuser Co. | | | | 7,959 | | | | 242,192 | |
| | | | | | | | | | | | | | 600,694 | |
Personal Products—0.1% |
| Avon Products, Inc. | | | | 16,048 | | | $ | 413,718 | |
| Estee Lauder Cos., Inc. (The), Class A | † | | | 4,508 | | | | 147,276 | |
| | | | | | | | | | | | | | 560,994 | |
Pharmaceuticals—5.7% |
| Abbott Laboratories | | | | 58,200 | | | | 2,737,728 | |
| Allergan, Inc. | | | | 11,594 | | | | 551,643 | |
| Bristol-Myers Squibb Co. | | | | 74,814 | | | | 1,519,472 | |
| Eli Lilly & Co. | | | | 38,399 | | | | 1,330,142 | |
| Forest Laboratories, Inc. | * | | | 11,443 | | | | 287,334 | |
| Johnson & Johnson | | | | 103,729 | | | | 5,891,807 | |
| King Pharmaceuticals, Inc. | * | | | 9,016 | | | | 86,824 | |
| Merck & Co., Inc. | | | | 79,796 | | | | 2,231,096 | |
| Mylan, Inc. | *† | | | 12,605 | | | | 164,495 | |
| Pfizer, Inc. | | | | 254,081 | | | | 3,811,215 | |
| Schering-Plough Corp. | | | | 61,384 | | | | 1,541,966 | |
| Watson Pharmaceuticals, Inc. | * | | | 3,764 | | | | 126,809 | |
| Wyeth | | | | 50,410 | | | | 2,288,110 | |
| | | | | | | | | | | | | | 22,568,641 | |
Professional Services—0.1% |
| Dun & Bradstreet Corp. | | | | 2,032 | | | | 165,019 | |
| Equifax, Inc. | | | | 5,005 | | | | 130,630 | |
| Monster Worldwide, Inc. | *† | | | 4,916 | | | | 58,058 | |
| Robert Half International, Inc. | † | | | 5,463 | | | | 129,036 | |
| | | | | | | | | | | | | | 482,743 | |
Real Estate Investment Trusts (REITs)—0.7% |
| Apartment Investment & Management Co., Class A REIT | † | | | 3,649 | | | | 32,294 | |
| AvalonBay Communities, Inc. REIT | | | | 2,827 | | | | 158,142 | |
| Boston Properties, Inc. REIT | † | | | 5,134 | | | | 244,892 | |
| Equity Residential REIT | | | | 10,202 | | | | 226,790 | |
| HCP, Inc. REIT | | | | 9,353 | | | | 198,190 | |
| Health Care REIT, Inc. REIT | | | | 3,884 | | | | 132,444 | |
| Host Hotels & Resorts, Inc. REIT | † | | | 20,570 | | | | 172,582 | |
| Kimco Realty Corp. REIT | | | | 11,270 | | | | 113,264 | |
| Plum Creek Timber Co., Inc. REIT | † | | | 6,191 | | | | 184,368 | |
| ProLogis REIT | | | | 15,923 | | | | 128,339 | |
| Public Storage REIT | | | | 4,718 | | | | 308,935 | |
| Simon Property Group, Inc. REIT | † | | | 10,382 | | | | 533,946 | |
| Ventas, Inc. REIT | † | | | 5,365 | | | | 160,199 | |
| Vornado Realty Trust REIT | † | | | 5,241 | | | | 235,995 | |
| | | | | | | | | | | | | | 2,830,380 | |
Real Estate Management & Development—0.0% |
| CB Richard Ellis Group, Inc., Class A | * | | | 6,849 | | | | 64,107 | |
Road & Rail—0.7% |
| Burlington Northern Santa Fe Corp. | | | | 10,459 | | | | 769,155 | |
| CSX Corp. | | | | 14,865 | | | | 514,775 | |
| Norfolk Southern Corp. | | | | 13,755 | | | | 518,151 | |
| Ryder System, Inc. | † | | | 1,957 | | | | 54,639 | |
| Union Pacific Corp. | | | | 18,921 | | | | 985,027 | |
| | | | | | | | | | | | | | 2,841,747 | |
|
See accompanying notes to financial statements.
146
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
Semiconductors & Semiconductor Equipment—1.9% |
| Advanced Micro Devices, Inc. | *† | | | 20,781 | | | $ | 80,423 | |
| Altera Corp. | † | | | 11,327 | | | | 184,404 | |
| Analog Devices, Inc. | | | | 10,876 | | | | 269,507 | |
| Applied Materials, Inc. | | | | 50,695 | | | | 556,124 | |
| Broadcom Corp., Class A | *† | | | 15,951 | | | | 395,425 | |
| Intel Corp. | | | | 209,559 | | | | 3,468,202 | |
| KLA-Tencor Corp. | | | | 6,189 | | | | 156,272 | |
| Linear Technology Corp. | † | | | 8,180 | | | | 191,003 | |
| LSI Corp. | *† | | | 26,625 | | | | 121,410 | |
| MEMC Electronic Materials, Inc. | * | | | 9,003 | | | | 160,343 | |
| Microchip Technology, Inc. | † | | | 6,769 | | | | 152,641 | |
| Micron Technology, Inc. | * | | | 27,917 | | | | 141,260 | |
| National Semiconductor Corp. | † | | | 8,072 | | | | 101,304 | |
| Novellus Systems, Inc. | * | | | 3,572 | | | | 59,652 | |
| Nvidia Corp. | * | | | 21,944 | | | | 247,748 | |
| Teradyne, Inc. | *† | | | 7,581 | | | | 52,006 | |
| Texas Instruments, Inc. | | | | 47,811 | | | | 1,018,374 | |
| Xilinx, Inc. | † | | | 10,211 | | | | 208,917 | |
| | | | | | | | | | | | | | 7,565,015 | |
Software—3.3% |
| Adobe Systems, Inc. | * | | | 20,040 | | | | 567,132 | |
| Autodesk, Inc. | * | | | 7,967 | | | | 151,214 | |
| BMC Software, Inc. | * | | | 7,016 | | | | 237,071 | |
| CA, Inc. | | | | 14,754 | | | | 257,162 | |
| Citrix Systems, Inc. | * | | | 7,094 | | | | 226,228 | |
| Compuware Corp. | * | | | 10,592 | | | | 72,661 | |
| Electronic Arts, Inc. | * | | | 11,990 | | | | 260,423 | |
| Intuit, Inc. | * | | | 12,051 | | | | 339,356 | |
| McAfee, Inc. | * | | | 5,774 | | | | 243,605 | |
| Microsoft Corp. | | | | 288,038 | | | | 6,846,663 | |
| Novell, Inc. | * | | | 15,381 | | | | 69,676 | |
| Oracle Corp. | | | | 142,692 | | | | 3,056,463 | |
| Salesforce.com, Inc. | * | | | 4,280 | | | | 163,367 | |
| Symantec Corp. | * | | | 30,549 | | | | 475,342 | |
| | | | | | | | | | | | | | 12,966,363 | |
Specialty Retail—1.5% |
| Abercrombie & Fitch Co., Class A | † | | | 3,507 | | | | 89,043 | |
| AutoNation, Inc. | * | | | 2,960 | | | | 51,356 | |
| AutoZone, Inc. | * | | | 1,403 | | | | 212,007 | |
| Bed Bath & Beyond, Inc. | * | | | 9,767 | | | | 300,335 | |
| Best Buy Co., Inc. | | | | 12,711 | | | | 425,691 | |
| GameStop Corp., Class A | *† | | | 6,456 | | | | 142,097 | |
| Gap, Inc. (The) | † | | | 17,285 | | | | 283,474 | |
| Home Depot, Inc. | | | | 64,199 | | | | 1,517,022 | |
| Limited Brands, Inc. | | | | 9,973 | | | | 119,377 | |
| Lowe’s Cos., Inc. | | | | 55,368 | | | | 1,074,693 | |
| Office Depot, Inc. | * | | | 11,740 | | | | 53,534 | |
| O’Reilly Automotive, Inc. | *† | | | 5,130 | | | | 195,350 | |
| RadioShack Corp. | | | | 4,789 | | | | 66,855 | |
| Sherwin-Williams Co. (The) | | | | 3,899 | | | | 209,571 | |
| Staples, Inc. | | | | 26,793 | | | | 540,415 | |
| Tiffany & Co. | † | | | 4,382 | | | | 111,128 | |
| TJX Cos., Inc. | † | | | 15,820 | | | | 497,697 | |
| | | | | | | | | | | | | | 5,889,645 | |
Textiles, Apparel & Luxury Goods—0.4% |
| Coach, Inc. | | | | 12,548 | | | | 337,290 | |
| NIKE, Inc., Class B | | | | 14,839 | | | | 768,363 | |
| Polo Ralph Lauren Corp. | | | | 1,970 | | | | 105,474 | |
| V.F. Corp. | † | | | 3,408 | | | | 188,633 | |
| | | | | | | | | | | | | | 1,399,760 | |
Thrifts & Mortgage Finance—0.1% |
| Hudson City Bancorp, Inc. | | | | 19,498 | | | $ | 259,128 | |
| People’s United Financial, Inc. | | | | 13,072 | | | | 196,603 | |
| | | | | | | | | | | | | | 455,731 | |
Tobacco—1.3% |
| Altria Group, Inc. | | | | 77,812 | | | | 1,275,339 | |
| Lorillard, Inc. | † | | | 6,274 | | | | 425,189 | |
| Philip Morris International, Inc. | | | | 73,893 | | | | 3,223,212 | |
| Reynolds American, Inc. | | | | 6,655 | | | | 257,016 | |
| | | | | | | | | | | | | | 5,180,756 | |
Trading Companies & Distributors—0.1% |
| Fastenal Co. | | | | 4,754 | | | | 157,690 | |
| W.W. Grainger, Inc. | | | | 2,328 | | | | 190,617 | |
| | | | | | | | | | | | | | 348,307 | |
Wireless Telecommunication Services—0.3% |
| American Tower Corp., Class A | * | | | 14,835 | | | | 467,748 | |
| MetroPCS Communications, Inc. | * | | | 9,521 | | | | 126,724 | |
| Sprint Nextel Corp. | * | | | 107,482 | | | | 516,988 | |
| | | | | | | | | | | | | | 1,111,460 | |
TOTAL COMMON STOCKS |
| (Cost $362,903,141) | | | | | | 302,545,972 | |
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U.S. TREASURY OBLIGATIONS—9.4% |
U.S. Treasury Bills—0.8% |
| U.S. Treasury Bill |
| 0.163% | | | | 09/10/2009 | | ‡‡ | | $ | 3,180,000 | | | | 3,179,027 | |
U.S. Treasury Bonds—8.6% |
| U.S. Treasury Bond |
| 8.750% | | | | 08/15/2020 | | † | | | 1,266,000 | | | | 1,813,941 | |
| 8.500% | | | | 02/15/2020 | | | | | 871,000 | | | | 1,225,116 | |
| 8.125% | | | | 08/15/2019 | | | | | 1,474,000 | | | | 2,021,454 | |
| 8.000% | | | | 11/15/2021 | | † | | | 2,001,000 | | | | 2,761,380 | |
| 7.875% | | | | 02/15/2021 | | | | | 921,000 | | | | 1,250,689 | |
| 7.625% | | | | 02/15/2025 | | | | | 807,000 | | | | 1,124,756 | |
| 7.250% | | | | 08/15/2022 | | † | | | 798,000 | | | | 1,048,622 | |
| 7.125% | | | | 02/15/2023 | | | | | 1,102,000 | | | | 1,440,349 | |
| 6.875% | | | | 08/15/2025 | | | | | 810,000 | | | | 1,061,480 | |
| 6.625% | | | | 02/15/2027 | | | | | 663,000 | | | | 854,960 | |
| 6.500% | | | | 11/15/2026 | | † | | | 758,000 | | | | 964,792 | |
| 6.250% | | | | 05/15/2030 | | † | | | 1,014,000 | | | | 1,285,880 | |
| 6.250% | | | | 08/15/2023 | | | | | 1,534,000 | | | | 1,869,084 | |
| 6.125% | | | | 11/15/2027-
08/15/2029 | | | | | 1,983,000 | | | | 2,452,148 | |
| 6.000% | | | | 02/15/2026 | | | | | 1,021,000 | | | | 1,231,742 | |
| 5.500% | | | | 08/15/2028 | | † | | | 772,000 | | | | 892,264 | |
| 5.375% | | | | 02/15/2031 | | | | | 1,014,000 | | | | 1,164,200 | |
| 5.250% | | | | 11/15/2028-
02/15/2029 | | | | | 1,506,000 | | | | 1,694,018 | |
| 5.000% | | | | 05/15/2037 | | | | | 965,000 | | | | 1,074,167 | |
| 4.750% | | | | 02/15/2037 | | | | | 961,000 | | | | 1,030,073 | |
| 4.500% | | | | 05/15/2038 | | † | | | 1,379,000 | | | | 1,424,034 | |
| 4.500% | | | | 02/15/2036 | | | | | 1,651,000 | | | | 1,701,304 | |
| 4.375% | | | | 02/15/2038 | | | | | 1,033,000 | | | | 1,043,492 | |
| 3.500% | | | | 02/15/2039 | | | | | 1,664,000 | | | | 1,439,365 | |
| | | | | | | | | | | | | | 33,869,310 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $37,419,821) | | | | | | | | 37,048,337 | |
See accompanying notes to financial statements.
147
SCHEDULE OF INVESTMENTS—(Continued)
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COMMERCIAL PAPER—11.3% |
Capital Markets—2.0% |
| ING US Funding LLC |
| 0.350% | | | | 09/24/2009 | | | | $ | 8,000,000 | | | $ | 7,991,200 | |
Commercial Banks—7.6% |
| Lloyds TSB Bank plc (United Kingdom) | | | |
| 0.403% | | | | 08/05/2009 | | | | | 10,000,000 | | | | 9,995,374 | |
| Societe Generale North America, Inc. | | | |
| 0.711% | | | | 07/13/2009 | | | | | 10,000,000 | | | | 9,997,848 | |
| UBS Finance Delaware LLC | | | |
| 0.380% | | | | 08/10/2009 | | | | | 10,000,000 | | | | 9,995,672 | |
| | | | | | | | | | | | | | 29,988,894 | |
Diversified Financial Services—1.7% |
| CBA Delaware Finance, Inc. | | | |
| 0.380% | | | | 08/14/2009 | | | | | 2,500,000 | | | | 2,498,525 | |
| 0.350% | | | | 09/18/2009 | | | | | 4,000,000 | | | | 3,996,040 | |
| | | | | | | | | | | | | | 6,494,565 | |
TOTAL COMMERCIAL PAPER |
| (Cost $44,478,649) | | | | | | | | 44,474,659 | |
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| | | | | | | | | | Shares | | | | Value | |
CASH EQUIVALENTS—8.6% |
Institutional Money Market Funds—8.6% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 8,588,894 | | | | 8,588,894 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 7,407,921 | | | | 7,407,921 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 12,000,000 | | | | 12,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 3,000,000 | | | | 3,000,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 3,000,000 | | | | 3,000,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $33,996,815) | | | | | | 33,996,815 | |
TOTAL INVESTMENTS—106.3% | | | |
| (Cost $478,798,426) | | 418,065,783 | |
| Other assets less liabilities—(6.3%) | | (24,950,016 | ) |
NET ASSETS—100.0% | $ | 393,115,767 | |
| Notes to the Schedule of Investments: | |
|---|
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| δ | | | | Security has no market value at June 30, 2009. |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
148
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint
Equity Income Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—95.7% |
Aerospace & Defense—2.1% |
| Boeing Co. (The) | | | | 88,600 | | | $ | 3,765,500 | |
| Honeywell International, Inc. | | | | 354,900 | | | | 11,143,860 | |
| L-3 Communications Holdings, Inc. | | | | 60,200 | | | | 4,176,676 | |
| Raytheon Co. | | | | 128,300 | | | | 5,700,369 | |
| | | | | | | | | | | | | | 24,786,405 | |
Air Freight & Logistics—1.1% |
| FedEx Corp. | | | | 168,600 | | | | 9,377,532 | |
| United Parcel Service, Inc., Class B | | | | 81,800 | | | | 4,089,182 | |
| | | | | | | | | | | | | | 13,466,714 | |
Airlines—0.2% |
| Southwest Airlines Co. | | | | 287,700 | | | | 1,936,221 | |
Automobiles—0.1% |
| Harley-Davidson, Inc. | † | | | 96,000 | | | | 1,556,160 | |
Beverages—0.2% |
| Anheuser-Busch InBev NV (Belgium) | | | | 54,400 | | | | 1,972,508 | |
Biotechnology—0.3% |
| Amgen, Inc. | * | | | 56,600 | | | | 2,996,404 | |
Building Products—0.3% |
| Masco Corp. | † | | | 233,500 | | | | 2,236,930 | |
| USG Corp. | *† | | | 77,900 | | | | 784,453 | |
| | | | | | | | | | | | | | 3,021,383 | |
Capital Markets—1.2% |
| Bank of New York Mellon Corp. (The) | | | | 190,900 | | | | 5,595,279 | |
| Goldman Sachs Group, Inc. (The) | | | | 36,800 | | | | 5,425,792 | |
| Legg Mason, Inc. | † | | | 53,100 | | | | 1,294,578 | |
| UBS AG (Switzerland) | * | | | 131,105 | | | | 1,600,792 | |
| | | | | | | | | | | | | | 13,916,441 | |
Chemicals—1.1% |
| E.I. Du Pont de Nemours & Co. | | | | 391,646 | | | | 10,033,971 | |
| International Flavors & Fragrances, Inc. | | | | 95,500 | | | | 3,124,760 | |
| | | | | | | | | | | | | | 13,158,731 | |
Commercial Banks—2.6% |
| Allied Irish Banks plc ADR (Ireland) | † | | | 178,500 | | | | 849,660 | |
| KeyCorp | | | | 248,100 | | | | 1,300,044 | |
| Marshall & Ilsley Corp. | † | | | 106,900 | | | | 513,120 | |
| SunTrust Banks, Inc. | † | | | 611,500 | | | | 10,059,175 | |
| U.S. Bancorp | | | | 313,600 | | | | 5,619,712 | |
| Wells Fargo & Co. | | | | 519,400 | | | | 12,600,644 | |
| | | | | | | | | | | | | | 30,942,355 | |
Commercial Services & Supplies—0.5% |
| Avery Dennison Corp. | | | | 86,200 | | | | 2,213,616 | |
| Pitney Bowes, Inc. | | | | 172,700 | | | | 3,787,311 | |
| | | | | | | | | | | | | | 6,000,927 | |
| | | | | | | | | | | | | | | |
|
Communications Equipment—0.6% |
| Cisco Systems, Inc. | * | | | 96,500 | | | $ | 1,798,760 | |
| Nokia Oyj ADR (Finland) | † | | | 400,600 | | | | 5,840,748 | |
| | | | | | | | | | | | | | 7,639,508 | |
Computers & Peripherals—5.2% |
| Dell, Inc. | *† | | | 3,408,300 | | | | 46,795,959 | |
| Hewlett-Packard Co. | | | | 161,500 | | | | 6,241,975 | |
| International Business Machines Corp. | | | | 84,400 | | | | 8,813,048 | |
| | | | | | | | | | | | | | 61,850,982 | |
Construction Materials—1.9% |
| Cemex SAB de CV ADR (Mexico) | *† | | | 2,139,922 | | | | 19,986,872 | |
| Vulcan Materials Co. | † | | | 73,100 | | | | 3,150,610 | |
| | | | | | | | | | | | | | 23,137,482 | |
Consumer Finance—2.5% |
| American Express Co. | | | | 605,900 | | | | 14,081,116 | |
| Capital One Financial Corp. | † | | | 296,700 | | | | 6,491,796 | |
| SLM Corp. | *† | | | 914,400 | | | | 9,390,888 | |
| | | | | | | | | | | | | | 29,963,800 | |
Distributors—0.2% |
| Genuine Parts Co. | | | | 53,552 | | | | 1,797,205 | |
Diversified Consumer Services—0.1% |
| H&R Block, Inc. | | | | 38,300 | | | | 659,909 | |
Diversified Financial Services—3.2% |
| Bank of America Corp. | | | | 1,074,906 | | | | 14,188,759 | |
| JPMorgan Chase & Co. | | | | 696,900 | | | | 23,771,259 | |
| | | | | | | | | | | | | | 37,960,018 | |
Diversified Telecommunication Services—4.0% |
| AT&T, Inc. | | | | 694,542 | | | | 17,252,423 | |
| Level 3 Communications, Inc. | *† | | | 7,327,000 | | | | 11,063,770 | |
| Qwest Communications International, Inc. | † | | | 699,300 | | | | 2,902,095 | |
| Verizon Communications, Inc. | | | | 528,741 | | | | 16,248,211 | |
| | | | | | | | | | | | | | 47,466,499 | |
Electric Utilities—1.9% |
| Duke Energy Corp. | | | | 199,400 | | | | 2,909,246 | |
| Entergy Corp. | † | | | 156,600 | | | | 12,139,632 | |
| FirstEnergy Corp. | † | | | 45,000 | | | | 1,743,750 | |
| Pinnacle West Capital Corp. | † | | | 68,000 | | | | 2,050,200 | |
| Progress Energy, Inc. | | | | 91,000 | | | | 3,442,530 | |
| | | | | | | | | | | | | | 22,285,358 | |
Electrical Equipment—0.8% |
| Cooper Industries Ltd., Class A | | | | 68,200 | | | | 2,117,610 | |
| Emerson Electric Co. | | | | 219,000 | | | | 7,095,600 | |
| | | | | | | | | | | | | | 9,213,210 | |
Energy Equipment & Services—0.5% |
| BJ Services Co. | † | | | 75,700 | | | | 1,031,791 | |
| Schlumberger Ltd. | | | | 90,600 | | | | 4,902,366 | |
| | | | | | | | | | | | | | 5,934,157 | |
Food Products—1.2% |
| Hershey Co. (The) | † | | | 179,100 | | | | 6,447,600 | |
| Kraft Foods, Inc., Class A | | | | 264,924 | | | | 6,713,174 | |
| McCormick & Co., Inc. | | | | 53,500 | | | | 1,740,355 | |
| | | | | | | | | | | | | | 14,901,129 | |
See accompanying notes to financial statements.
149
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Equity Income Fund
|
|
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| Shares
|
| Value
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|
|---|
COMMON STOCKS—(Continued) |
Health Care Equipment & Supplies—0.6% |
| Baxter International, Inc. | | | | 130,900 | | | $ | 6,932,464 | |
Health Care Providers & Services—1.6% |
| UnitedHealth Group, Inc. | | | | 312,500 | | | | 7,806,250 | |
| WellPoint, Inc. | * | | | 223,700 | | | | 11,384,093 | |
| | | | | | | | | | | | | | 19,190,343 | |
Hotels, Restaurants & Leisure—4.3% |
| Carnival Corp. | | | | 291,200 | | | | 7,504,224 | |
| Marriott International, Inc., Class A | † | | | 818,942 | | | | 18,074,045 | |
| MGM MIRAGE | *† | | | 125,500 | | | | 801,945 | |
| Yum! Brands, Inc. | | | | 751,000 | | | | 25,038,340 | |
| | | | | | | | | | | | | | 51,418,554 | |
Household Durables—1.7% |
| Black & Decker Corp. | | | | 34,100 | | | | 977,306 | |
| D.R. Horton, Inc. | | | | 80,300 | | | | 751,608 | |
| Fortune Brands, Inc. | | | | 136,300 | | | | 4,735,062 | |
| Harman International Industries, Inc. | † | | | 45,000 | | | | 846,000 | |
| Stanley Works (The) | † | | | 278,500 | | | | 9,424,440 | |
| Whirlpool Corp. | † | | | 87,000 | | | | 3,702,720 | |
| | | | | | | | | | | | | | 20,437,136 | |
Household Products—0.3% |
| Kimberly-Clark Corp. | | | | 57,559 | | | | 3,017,818 | |
Independent Power Producers & Energy Traders—0.2% |
| Constellation Energy Group, Inc. | | | | 63,500 | | | | 1,687,830 | |
| NRG Energy, Inc. | * | | | 40,500 | | | | 1,051,380 | |
| | | | | | | | | | | | | | 2,739,210 | |
Industrial Conglomerates—3.4% |
| 3M Co. | | | | 196,400 | | | | 11,803,640 | |
| General Electric Co. | | | | 1,012,000 | | | | 11,860,640 | |
| Koninklijke Philips Electronics NV NYRS (Netherlands) | † | | | 942,000 | | | | 17,351,640 | |
| | | | | | | | | | | | | | 41,015,920 | |
Insurance—6.4% |
| Allstate Corp. (The) | | | | 231,200 | | | | 5,641,280 | |
| AON Corp. | | | | 297,000 | | | | 11,247,390 | |
| Berkshire Hathaway, Inc., Class A | * | | | 204 | | | | 18,360,000 | |
| Chubb Corp. | | | | 43,600 | | | | 1,738,768 | |
| Fairfax Financial Holdings Ltd. (Canada) | | | | 93,600 | | | | 23,352,264 | |
| Lincoln National Corp. | | | | 155,290 | | | | 2,672,541 | |
| Marsh & McLennan Cos., Inc. | | | | 223,200 | | | | 4,493,016 | |
| Progressive Corp. (The) | * | | | 120,500 | | | | 1,820,755 | |
| Travelers Cos., Inc. (The) | | | | 180,306 | | | | 7,399,758 | |
| | | | | | | | | | | | | | 76,725,772 | |
Internet & Catalog Retail—0.8% |
| Liberty Media Corp.— Interactive, Series A | * | | | 1,835,500 | | | | 9,195,855 | |
Internet Software & Services—0.4% |
| eBay, Inc. | * | | | 136,300 | | | | 2,334,819 | |
| Yahoo! Inc. | * | | | 187,400 | | | | 2,934,684 | |
| | | | | | | | | | | | | | 5,269,503 | |
IT Services—0.4% |
| Accenture Ltd., Class A (Bermuda) | | | | 31,100 | | | $ | 1,040,606 | |
| Computer Sciences Corp. | * | | | 84,200 | | | | 3,730,060 | |
| | | | | | | | | | | | | | 4,770,666 | |
Leisure Equipment & Products—0.2% |
| Mattel, Inc. | † | | | 173,600 | | | | 2,786,280 | |
Machinery—3.6% |
| Deere & Co. | | | | 95,400 | | | | 3,811,230 | |
| Eaton Corp. | | | | 26,800 | | | | 1,195,548 | |
| Illinois Tool Works, Inc. | | | | 401,900 | | | | 15,006,946 | |
| Ingersoll-Rand Co., Ltd., Class A (Bermuda) | *† | | | 1,067,000 | | | | 22,300,300 | |
| Pall Corp. | | | | 26,000 | | | | 690,560 | |
| | | | | | | | | | | | | | 43,004,584 | |
Media—9.4% |
| Cablevision Systems Corp., Class A | | | | 137,200 | | | | 2,663,052 | |
| CBS Corp., Class B | | | | 111,200 | | | | 769,504 | |
| DIRECTV Group, Inc. (The) | *† | | | 1,284,000 | | | | 31,727,640 | |
| Liberty Media Corp.— Entertainment, Series A | *† | | | 1,214,200 | | | | 32,479,850 | |
| McGraw-Hill Cos., Inc. (The) | | | | 156,800 | | | | 4,721,248 | |
| New York Times Co. (The), Class A | † | | | 190,700 | | | | 1,050,757 | |
| Time Warner, Inc. | | | | 219,133 | | | | 5,519,960 | |
| Walt Disney Co. (The) | | | | 1,381,200 | | | | 32,223,396 | |
| WPP plc (United Kingdom) | | | | 142,900 | | | | 950,286 | |
| | | | | | | | | | | | | | 112,105,693 | |
Metals & Mining—0.5% |
| Alcoa, Inc. | † | | | 133,900 | | | | 1,383,187 | |
| Nucor Corp. | | | | 96,400 | | | | 4,283,052 | |
| | | | | | | | | | | | | | 5,666,239 | |
Multiline Retail—0.6% |
| J.C. Penney Co., Inc. | | | | 200,300 | | | | 5,750,613 | |
| Macy’s, Inc. | | | | 93,700 | | | | 1,101,912 | |
| | | | | | | | | | | | | | 6,852,525 | |
Multi-Utilities—1.8% |
| Centerpoint Energy, Inc. | | | | 27,300 | | | | 302,484 | |
| Dominion Resources, Inc. | | | | 222,100 | | | | 7,422,582 | |
| NiSource, Inc. | | | | 265,700 | | | | 3,098,062 | |
| PG&E Corp. | | | | 65,600 | | | | 2,521,664 | |
| Sempra Energy | | | | 77,800 | | | | 3,861,214 | |
| TECO Energy, Inc. | | | | 65,900 | | | | 786,187 | |
| Xcel Energy, Inc. | | | | 172,600 | | | | 3,177,566 | |
| | | | | | | | | | | | | | 21,169,759 | |
Oil, Gas & Consumable Fuels—12.5% |
| Anadarko Petroleum Corp. | | | | 55,000 | | | | 2,496,450 | |
| BP plc ADR (United Kingdom) | † | | | 102,298 | | | | 4,877,569 | |
| Chesapeake Energy Corp. | | | | 1,895,900 | | | | 37,595,697 | |
| Chevron Corp. | | | | 163,658 | | | | 10,842,342 | |
| ConocoPhillips | | | | 279,000 | | | | 11,734,740 | |
| Consol Energy, Inc. | | | | 38,100 | | | | 1,293,876 | |
| EnCana Corp. (Canada) | | | | 102,300 | | | | 5,060,781 | |
| Exxon Mobil Corp. | | | | 163,560 | | | | 11,434,480 | |
| Marathon Oil Corp. | † | | | 364,600 | | | | 10,985,398 | |
| Murphy Oil Corp. | † | | | 95,300 | | | | 5,176,696 | |
| Occidental Petroleum Corp. | | | | 261,400 | | | | 17,202,734 | |
| Pioneer Natural Resources Co. | † | | | 527,000 | | | | 13,438,500 | |
|
See accompanying notes to financial statements.
150
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Equity Income Fund
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| Shares
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| Value
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|
|---|
COMMON STOCKS—(Continued) |
| Royal Dutch Shell plc, Class A ADR (Netherlands) | | | | 156,781 | | | $ | 7,868,838 | |
| Spectra Energy Corp. | | | | 454,912 | | | | 7,697,111 | |
| Sunoco, Inc. | † | | | 79,400 | | | | 1,842,080 | |
| | | | | | | | | | | | | | 149,547,292 | |
Paper & Forest Products—0.6% |
| International Paper Co. | | | | 259,600 | | | | 3,927,748 | |
| MeadWestvaco Corp. | | | | 119,800 | | | | 1,965,918 | |
| Weyerhaeuser Co. | † | | | 42,700 | | | | 1,299,361 | |
| | | | | | | | | | | | | | 7,193,027 | |
Pharmaceuticals—4.8% |
| Bristol-Myers Squibb Co. | | | | 688,700 | | | | 13,987,497 | |
| Eli Lilly & Co. | | | | 107,100 | | | | 3,709,944 | |
| Johnson & Johnson | | | | 207,700 | | | | 11,797,360 | |
| Merck & Co., Inc. | | | | 152,600 | | | | 4,266,696 | |
| Pfizer, Inc. | | | | 595,300 | | | | 8,929,500 | |
| Wyeth | | | | 328,900 | | | | 14,928,771 | |
| | | | | | | | | | | | | | 57,619,768 | |
Road & Rail—0.8% |
| Burlington Northern Santa Fe Corp. | | | | 128,400 | | | | 9,442,536 | |
| Norfolk Southern Corp. | | | | 13,300 | | | | 501,011 | |
| | | | | | | | | | | | | | 9,943,547 | |
Semiconductors & Semiconductor Equipment—1.9% |
| Analog Devices, Inc. | | | | 148,600 | | | | 3,682,308 | |
| Applied Materials, Inc. | | | | 764,200 | | | | 8,383,274 | |
| Intel Corp. | | | | 637,100 | | | | 10,544,005 | |
| Texas Instruments, Inc. | | | | 25,000 | | | | 532,500 | |
| | | | | | | | | | | | | | 23,142,087 | |
Software—3.2% |
| Microsoft Corp. | | | | 701,000 | | | | 16,662,770 | |
| Symantec Corp. | * | | | 1,387,000 | | | | 21,581,720 | |
| | | | | | | | | | | | | | 38,244,490 | |
Specialty Retail—1.7% |
| Bed Bath & Beyond, Inc. | * | | | 151,800 | | | | 4,667,850 | |
| Home Depot, Inc. | | | | 580,000 | | | | 13,705,400 | |
| Tiffany & Co. | † | | | 80,300 | | | | 2,036,408 | |
| | | | | | | | | | | | | | 20,409,658 | |
Thrifts & Mortgage Finance—0.0% |
| Federal National Mortgage Association | † | | | 119,720 | | | | 69,438 | |
Tobacco—1.9% |
| Altria Group, Inc. | | | | 243,300 | | | | 3,987,687 | |
| Imperial Tobacco Group plc ADR (United Kingdom) | | | | 189,700 | | | | 9,854,915 | |
| Philip Morris International, Inc. | | | | 197,300 | | | | 8,606,226 | |
| | | | | | | | | | | | | | 22,448,828 | |
Wireless Telecommunication Services—0.3% |
| Sprint Nextel Corp. | * | | | 294,200 | | | | 1,415,102 | |
| Vodafone Group plc (United Kingdom) | | | | 845,200 | | | | 1,643,865 | |
| | | | | | | | | | | | | | 3,058,967 | |
TOTAL COMMON STOCKS |
| (Cost $1,353,201,276) | | | | | | 1,140,538,929 | |
|
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CONVERTIBLE DEBT OBLIGATIONS—0.1% |
Automobiles—0.1% |
| Ford Motor Co. |
| 4.250% | | | | 12/15/2036 | | | | | | | | | | |
| (Cost $587,291) | | | $ | 2,112,000 | | | $ | 1,795,200 | |
| |
| |
| | | | | | | | | | Shares | | | | Value | |
CASH EQUIVALENTS—20.3% |
Institutional Money Market Funds—19.9% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 41,257,995 | | | | 41,257,995 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 50,260,951 | | | | 50,260,951 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 54,000,000 | | | | 54,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 37,000,000 | | | | 37,000,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 55,000,000 | | | | 55,000,000 | |
| | | | | | | | | 237,518,946 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
Medium Term Note—0.4% |
| Toyota Motor Credit Corp. |
| 0.670% | | | | 08/05/2009 | | #†† | | $ | 4,968,499 | | | | 4,968,499 | |
TOTAL CASH EQUIVALENTS |
| (Cost $242,487,445) | | | | | | 242,487,445 | |
TOTAL INVESTMENTS—116.1% | | | |
| (Cost $1,596,276,012) | | 1,384,821,574 | |
| Other assets less liabilities—(16.1%) | | (192,485,520 | ) | | |
NET ASSETS—100.0% | $ | 1,192,336,054 | |
| Notes to the Schedule of Investments: | |
|---|
| ADR | | | | American Depositary Receipt |
| NYRS | | | | New York Registry Shares |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
See accompanying notes to financial statements.
151
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint Growth &
Income Fund
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|---|
COMMON STOCKS—95.1% |
Aerospace & Defense—1.1% |
| Boeing Co. (The) | | | | 44,900 | | | $ | 1,908,250 | |
| Goodrich Corp. | | | | 18,700 | | | | 934,439 | |
| Lockheed Martin Corp. | | | | 41,400 | | | | 3,338,910 | |
| Precision Castparts Corp. | | | | 42,500 | | | | 3,103,775 | |
| | | | | | | | | | | | | | 9,285,374 | |
Air Freight & Logistics—1.7% |
| Expeditors International of Washington, Inc. | † | | | 30,800 | | | | 1,026,872 | |
| United Parcel Service, Inc., Class B | | | | 260,000 | | | | 12,997,400 | |
| | | | | | | | | | | | | | 14,024,272 | |
Beverages—2.2% |
| Coca-Cola Co. (The) | | | | 30,800 | | | | 1,478,092 | |
Diageo plc ADR
(United Kingdom) | | | | 209,500 | | | | 11,993,875 | |
| PepsiCo, Inc. | | | | 87,400 | | | | 4,803,504 | |
| | | | | | | | | | | | | | 18,275,471 | |
Biotechnology—1.2% |
| Amgen, Inc. | * | | | 9,800 | | | | 518,812 | |
| Celgene Corp. | * | | | 73,300 | | | | 3,506,672 | |
| Genzyme Corp. | * | | | 1,200 | | | | 66,804 | |
| Gilead Sciences, Inc. | * | | | 123,200 | | | | 5,770,688 | |
| | | | | | | | | | | | | | 9,862,976 | |
Capital Markets—6.8% |
| Ameriprise Financial, Inc. | | | | 132,900 | | | | 3,225,483 | |
| Bank of New York Mellon Corp. (The) | | | | 678,043 | | | | 19,873,440 | |
| BlackRock, Inc. | | | | 3,300 | | | | 578,886 | |
| Charles Schwab Corp. (The) | | | | 121,700 | | | | 2,134,618 | |
| Credit Suisse Group AG (Registered) (Switzerland) | | | | 1,525 | | | | 69,870 | |
| Franklin Resources, Inc. | | | | 61,400 | | | | 4,421,414 | |
| Goldman Sachs Group, Inc. (The) | | | | 89,600 | | | | 13,210,624 | |
| Morgan Stanley | | | | 78,700 | | | | 2,243,737 | |
| Northern Trust Corp. | | | | 71,100 | | | | 3,816,648 | |
| State Street Corp. | | | | 124,300 | | | | 5,866,960 | |
| | | | | | | | | | | | | | 55,441,680 | |
Chemicals—1.7% |
| Agrium, Inc. (Canada) | † | | | 73,000 | | | | 2,911,970 | |
| E.I. Du Pont de Nemours & Co. | | | | 89,700 | | | | 2,298,114 | |
| Monsanto Co. | | | | 19,600 | | | | 1,457,064 | |
| Mosaic Co. (The) | | | | 45,300 | | | | 2,006,790 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) | | | | 19,800 | | | | 1,842,390 | |
| Praxair, Inc. | | | | 49,300 | | | | 3,503,751 | |
| | | | | | | | | | | | | | 14,020,079 | |
Commercial Banks—1.9% |
PNC Financial Services
Group, Inc. | | | | 69,100 | | | | 2,681,771 | |
| U.S. Bancorp | | | | 44,700 | | | | 801,024 | |
| Wells Fargo & Co. | | | | 486,200 | | | | 11,795,212 | |
| | | | | | | | | | | | | | 15,278,007 | |
Commercial Services & Supplies—1.8% |
| Cintas Corp. | † | | | 462,000 | | | $ | 10,552,080 | |
| Republic Services, Inc. | † | | | 152,800 | | | | 3,729,848 | |
| | | | | | | | | | | | | | 14,281,928 | |
Communications Equipment—2.8% |
| Cisco Systems, Inc. | * | | | 343,500 | | | | 6,402,840 | |
| Juniper Networks, Inc. | * | | | 189,200 | | | | 4,465,120 | |
| Nokia Oyj ADR (Finland) | † | | | 169,800 | | | | 2,475,684 | |
| QUALCOMM, Inc. | | | | 143,100 | | | | 6,468,120 | |
| Research In Motion Ltd. (Canada) | * | | | 47,500 | | | | 3,374,875 | |
| | | | | | | | | | | | | | 23,186,639 | |
Computers & Peripherals—2.2% |
| Apple, Inc. | * | | | 96,800 | | | | 13,787,224 | |
| Dell, Inc. | * | | | 300 | | | | 4,119 | |
| Hewlett-Packard Co. | | | | 101,100 | | | | 3,907,515 | |
| | | | | | | | | | | | | | 17,698,858 | |
Construction & Engineering—0.2% |
| Fluor Corp. | | | | 37,200 | | | | 1,907,988 | |
Consumer Finance—1.3% |
| American Express Co. | | | | 459,000 | | | | 10,667,160 | |
Diversified Consumer Services—0.2% |
| Apollo Group, Inc., Class A | *† | | | 25,300 | | | | 1,799,336 | |
Diversified Financial Services—3.1% |
| Bank of America Corp. | | | | 531,800 | | | | 7,019,760 | |
| CME Group, Inc. | | | | 2,700 | | | | 839,997 | |
| IntercontinentalExchange, Inc. | * | | | 27,000 | | | | 3,084,480 | |
| JPMorgan Chase & Co. | | | | 405,908 | | | | 13,845,522 | |
| Moody’s Corp. | | | | 24,800 | | | | 653,480 | |
| | | | | | | | | | | | | | 25,443,239 | |
Diversified Telecommunication Services—1.3% |
| AT&T, Inc. | | | | 297,406 | | | | 7,387,565 | |
| Verizon Communications, Inc. | | | | 110,100 | | | | 3,383,373 | |
| | | | | | | | | | | | | | 10,770,938 | |
Electric Utilities—2.0% |
| Edison International | | | | 138,500 | | | | 4,357,210 | |
| Entergy Corp. | | | | 56,000 | | | | 4,341,120 | |
| Exelon Corp. | | | | 90,600 | | | | 4,639,626 | |
| FPL Group, Inc. | | | | 51,900 | | | | 2,951,034 | |
| | | | | | | | | | | | | | 16,288,990 | |
Electrical Equipment—1.4% |
| First Solar, Inc. | *† | | | 10,800 | | | | 1,750,896 | |
| Rockwell Automation, Inc. | | | | 309,000 | | | | 9,925,080 | |
| | | | | | | | | | | | | | 11,675,976 | |
Electronic Equipment, Instruments &
Components—1.7% |
| Corning, Inc. | | | | 68,000 | | | | 1,092,080 | |
| Ingram Micro, Inc., Class A | * | | | 161,900 | | | | 2,833,250 | |
| Tyco Electronics, Ltd. (Switzerland) | † | | | 555,000 | | | | 10,317,450 | |
| | | | | | | | | | | | | | 14,242,780 | |
See accompanying notes to financial statements.
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June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
Energy Equipment & Services—2.2% |
| Cameron International Corp. | *† | | | 34,000 | | | $ | 962,200 | |
| FMC Technologies, Inc. | *† | | | 41,000 | | | | 1,540,780 | |
| Schlumberger Ltd. | | | | 219,000 | | | | 11,850,090 | |
| Smith International, Inc. | | | | 132,400 | | | | 3,409,300 | |
| | | | | | | | | | | | | | 17,762,370 | |
Food & Staples Retailing—4.7% |
| Costco Wholesale Corp. | | | | 2,200 | | | | 100,540 | |
| CVS Caremark Corp. | | | | 185,086 | | | | 5,898,691 | |
| Kroger Co. (The) | | | | 108,600 | | | | 2,394,630 | |
| Safeway, Inc. | | | | 152,400 | | | | 3,104,388 | |
| Sysco Corp. | | | | 494,200 | | | | 11,109,616 | |
| Wal-Mart Stores, Inc. | | | | 327,600 | | | | 15,868,944 | |
| | | | | | | | | | | | | | 38,476,809 | |
Food Products—0.9% |
| General Mills, Inc. | | | | 54,900 | | | | 3,075,498 | |
| Nestle SA ADR (Switzerland) | | | | 103,950 | | | | 3,910,599 | |
| | | | | | | | | | | | | | 6,986,097 | |
Health Care Equipment & Supplies—3.7% |
| Alcon, Inc. (Switzerland) | | | | 3,100 | | | | 359,972 | |
| Baxter International, Inc. | | | | 44,800 | | | | 2,372,608 | |
| Becton Dickinson and Co. | | | | 6,600 | | | | 470,646 | |
| C.R. Bard, Inc. | † | | | 9,900 | | | | 737,055 | |
| Covidien plc (Ireland) | | | | 222,000 | | | | 8,311,680 | |
| DENTSPLY International, Inc. | † | | | 243,000 | | | | 7,416,360 | |
| Intuitive Surgical, Inc. | *† | | | 6,400 | | | | 1,047,424 | |
| Medtronic, Inc. | | | | 16,900 | | | | 589,641 | |
| St. Jude Medical, Inc. | * | | | 94,200 | | | | 3,871,620 | |
| Stryker Corp. | | | | 21,600 | | | | 858,384 | |
| Zimmer Holdings, Inc. | * | | | 90,800 | | | | 3,868,080 | |
| | | | | | | | | | | | | | 29,903,470 | |
Health Care Providers & Services—3.3% |
| Cardinal Health, Inc. | | | | 357,300 | | | | 10,915,515 | |
| Express Scripts, Inc. | * | | | 66,900 | | | | 4,599,375 | |
| McKesson Corp. | | | | 57,800 | | | | 2,543,200 | |
| Medco Health Solutions, Inc. | * | | | 122,600 | | | | 5,591,786 | |
| UnitedHealth Group, Inc. | | | | 48,500 | | | | 1,211,530 | |
| WellPoint, Inc. | * | | | 37,100 | | | | 1,888,019 | |
| | | | | | | | | | | | | | 26,749,425 | |
Health Care Technology—0.0% |
| Cerner Corp. | *† | | | 4,600 | | | | 286,534 | |
Hotels, Restaurants & Leisure—1.0% |
| Carnival Corp. | | | | 9,200 | | | | 237,084 | |
| Marriott International, Inc., Class A | † | | | 76,682 | | | | 1,692,370 | |
| McDonald’s Corp. | | | | 54,200 | | | | 3,115,958 | |
| Wynn Resorts Ltd. | *† | | | 600 | | | | 21,180 | |
| Yum! Brands, Inc. | | | | 81,800 | | | | 2,727,212 | |
| | | | | | | | | | | | | | 7,793,804 | |
Household Durables—0.7% |
| Stanley Works (The) | | | | 76,600 | | | | 2,592,144 | |
| Whirlpool Corp. | † | | | 68,900 | | | | 2,932,384 | |
| | | | | | | | | | | | | | 5,524,528 | |
Household Products—1.3% |
| Kimberly-Clark Corp. | | | | 197,000 | | | $ | 10,328,710 | |
| Procter & Gamble Co. (The) | | | | 375 | | | | 19,163 | |
| | | | | | | | | | | | | | 10,347,873 | |
Independent Power Producers & Energy Traders—0.7% |
| NRG Energy, Inc. | * | | | 219,800 | | | | 5,706,008 | |
Industrial Conglomerates—3.6% |
| 3M Co. | | | | 77,400 | | | | 4,651,740 | |
| General Electric Co. | | | | 1,160,800 | | | | 13,604,576 | |
| Tyco International Ltd. (Switzerland) | | | | 424,000 | | | | 11,015,520 | |
| | | | | | | | | | | | | | 29,271,836 | |
Insurance—2.6% |
| ACE Ltd. (Switzerland) | | | | 114,300 | | | | 5,055,489 | |
| AON Corp. | | | | 76,100 | | | | 2,881,907 | |
| Berkshire Hathaway, Inc., Class B | * | | | 3,525 | | | | 10,207,448 | |
| Principal Financial Group, Inc. | | | | 51,700 | | | | 974,028 | |
| Unum Group | | | | 145,700 | | | | 2,310,802 | |
| | | | | | | | | | | | | | 21,429,674 | |
Internet & Catalog Retail—1.7% |
| Amazon.com, Inc. | * | | | 131,700 | | | | 11,018,022 | |
| Expedia, Inc. | * | | | 69,300 | | | | 1,047,123 | |
| priceline.com, Inc. | *† | | | 13,900 | | | | 1,550,545 | |
| | | | | | | | | | | | | | 13,615,690 | |
Internet Software & Services—1.7% |
| eBay, Inc. | * | | | 300 | | | | 5,139 | |
| Google, Inc., Class A | * | | | 24,200 | | | | 10,202,478 | |
| Tencent Holdings Ltd. (China) | † | | | 212,000 | | | | 2,459,752 | |
| VeriSign, Inc. | *† | | | 58,900 | | | | 1,088,472 | |
| | | | | | | | | | | | | | 13,755,841 | |
IT Services—4.0% |
| Accenture Ltd., Class A (Bermuda) | | | | 431,000 | | | | 14,421,260 | |
| Automatic Data Processing, Inc. | | | | 260,800 | | | | 9,242,752 | |
| Fiserv, Inc. | *† | | | 64,000 | | | | 2,924,800 | |
| Mastercard, Inc., Class A | | | | 14,900 | | | | 2,492,919 | |
| Visa, Inc., Class A | † | | | 38,700 | | | | 2,409,462 | |
| Western Union Co. (The) | | | | 94,500 | | | | 1,549,800 | |
| | | | | | | | | | | | | | 33,040,993 | |
Leisure Equipment & Products—0.4% |
| Mattel, Inc. | † | | | 185,100 | | | | 2,970,855 | |
Machinery—2.3% |
| Cummins, Inc. | | | | 112,300 | | | | 3,954,083 | |
| Danaher Corp. | † | | | 116,700 | | | | 7,205,058 | |
Ingersoll-Rand Co., Ltd.,
Class A (Bermuda) | *† | | | 220,200 | | | | 4,602,180 | |
| PACCAR, Inc. | † | | | 93,300 | | | | 3,033,183 | |
| | | | | | | | | | | | | | 18,794,504 | |
Media—3.7% |
| Comcast Corp., Class A | | | | 331,400 | | | | 4,801,986 | |
| Discovery Communications, Inc., Series A | * | | | 75,250 | | | | 1,696,887 | |
| Discovery Communications, Inc., Series C | * | | | 70,850 | | | | 1,454,551 | |
| McGraw-Hill Cos., Inc. (The) | | | | 333,500 | | | | 10,041,685 | |
See accompanying notes to financial statements.
153
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| Time Warner Cable, Inc. | | | | 80,000 | | | $ | 2,533,600 | |
| Time Warner, Inc. | | | | 375,433 | | | | 9,457,157 | |
| | | | | | | | | | | | | | 29,985,866 | |
Metals & Mining—0.3% |
| Cliffs Natural Resources, Inc. | | | | 96,800 | | | | 2,368,696 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 6,600 | | | | 330,726 | |
| | | | | | | | | | | | | | 2,699,422 | |
Multiline Retail—0.4% |
| Kohl’s Corp. | * | | | 75,200 | | | | 3,214,800 | |
Office Electronics—1.1% |
| Canon, Inc. ADR (Japan) | | | | 281,500 | | | | 9,157,195 | |
Oil, Gas & Consumable Fuels—4.8% |
| Apache Corp. | | | | 41,600 | | | | 3,001,440 | |
BP plc ADR
(United Kingdom) | † | | | 338,000 | | | | 16,115,840 | |
| Chevron Corp. | | | | 1,300 | | | | 86,125 | |
| EOG Resources, Inc. | | | | 65,700 | | | | 4,462,344 | |
| Exxon Mobil Corp. | | | | 8,300 | | | | 580,253 | |
| Marathon Oil Corp. | | | | 88,700 | | | | 2,672,531 | |
| Occidental Petroleum Corp. | | | | 51,800 | | | | 3,408,958 | |
| Petroleo Brasileiro SA, Class A ADR (Brazil) | † | | | 89,300 | | | | 2,979,048 | |
| Southwestern Energy Co. | * | | | 36,300 | | | | 1,410,255 | |
| Suncor Energy, Inc. (Canada) | | | | 47,400 | | | | 1,438,116 | |
| Total SA ADR (France) | † | | | 56,700 | | | | 3,074,841 | |
| | | | | | | | | | | | | | 39,229,751 | |
Pharmaceuticals—4.6% |
| Abbott Laboratories | | | | 94,000 | | | | 4,421,760 | |
| Allergan, Inc. | | | | 68,700 | | | | 3,268,746 | |
| Johnson & Johnson | | | | 83,700 | | | | 4,754,160 | |
| Merck & Co., Inc. | | | | 225,600 | | | | 6,307,776 | |
| Novo Nordisk A/S, Class B (Denmark) | | | | 5,302 | | | | 288,774 | |
| Pfizer, Inc. | | | | 621,700 | | | | 9,325,500 | |
| Roche Holding AG (Genusschein) (Switzerland) | | | | 348 | | | | 47,416 | |
| Schering-Plough Corp. | | | | 139,800 | | | | 3,511,776 | |
| Teva Pharmaceutical Industries Ltd. ADR (Israel) | † | | | 107,400 | | | | 5,299,116 | |
| Wyeth | | | | 4,600 | | | | 208,794 | |
| | | | | | | | | | | | | | 37,433,818 | |
Real Estate Investment Trusts (REITs)—0.3% |
| Kimco Realty Corp. REIT | | | | 141,000 | | | | 1,417,050 | |
| Regency Centers Corp. REIT | † | | | 38,200 | | | | 1,333,562 | |
| | | | | | | | | | | | | | 2,750,612 | |
Road & Rail—0.0% |
| Union Pacific Corp. | | | | 6,200 | | | | 322,772 | |
Semiconductors & Semiconductor Equipment—2.2% |
| Altera Corp. | † | | | 64,500 | | | | 1,050,060 | |
| Broadcom Corp., Class A | *† | | | 92,400 | | | | 2,290,596 | |
| Intel Corp. | | | | 334,100 | | | | 5,529,355 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 271,000 | | | | 3,154,440 | |
| Texas Instruments, Inc. | | | | 154,800 | | | | 3,297,240 | |
| Xilinx, Inc. | † | | | 134,600 | | | | 2,753,916 | |
| | | | | | | | | | | | | | 18,075,607 | |
Software—2.8% |
| Adobe Systems, Inc. | * | | | 22,700 | | | $ | 642,410 | |
| Autodesk, Inc. | * | | | 26,000 | | | | 493,480 | |
| Electronic Arts, Inc. | * | | | 88,100 | | | | 1,913,532 | |
| McAfee, Inc. | * | | | 79,200 | | | | 3,341,448 | |
| Microsoft Corp. | | | | 661,800 | | | | 15,730,986 | |
| Nintendo Co. Ltd. ADR (Japan) | | | | 7,900 | | | | 272,313 | |
| Oracle Corp. | | | | 35,300 | | | | 756,126 | |
| | | | | | | | | | | | | | 23,150,295 | |
Specialty Retail—2.2% |
| Bed Bath & Beyond, Inc. | * | | | 68,300 | | | | 2,100,225 | |
| Best Buy Co., Inc. | † | | | 249,000 | | | | 8,339,010 | |
| Home Depot, Inc. | | | | 121,700 | | | | 2,875,771 | |
| Lowe’s Cos., Inc. | | | | 49,200 | | | | 954,972 | |
| O’Reilly Automotive, Inc. | *† | | | 28,100 | | | | 1,070,048 | |
| Staples, Inc. | | | | 147,100 | | | | 2,967,007 | |
| | | | | | | | | | | | | | 18,307,033 | |
Textiles, Apparel & Luxury Goods—0.4% |
| NIKE, Inc., Class B | | | | 18,100 | | | | 937,218 | |
| V.F. Corp. | † | | | 47,100 | | | | 2,606,985 | |
| | | | | | | | | | | | | | 3,544,203 | |
Tobacco—0.8% |
| Altria Group, Inc. | | | | 187,800 | | | | 3,078,042 | |
| Philip Morris International, Inc. | | 83,800 | | | | 3,655,356 | |
| | | | | | | | | | | | | | 6,733,398 | |
Trading Companies & Distributors—1.5% |
| Fastenal Co. | † | | | 8,200 | | | | 271,994 | |
| W.W. Grainger, Inc. | † | | | 145,000 | | | | 11,872,600 | |
| | | | | | | | | | | | | | 12,144,594 | |
Wireless Telecommunication Services—0.6% |
| American Tower Corp., Class A | * | | | 132,400 | | | | 4,174,572 | |
| MetroPCS Communications, Inc. | *† | | | 46,000 | | | | 612,260 | |
| | | | | | | | | | | | | | 4,786,832 | |
TOTAL COMMON STOCKS |
| (Cost $790,974,795) | | | | | | 778,104,200 | |
| |
CASH EQUIVALENTS—15.8% |
Institutional Money Market Funds—15.8% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 49,836,083 | | | | 49,836,083 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 12,588,203 | | | | 12,588,203 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 10,000,000 | | | | 10,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 19,800,000 | | | | 19,800,000 | |
See accompanying notes to financial statements.
154
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Growth &
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CASH EQUIVALENTS—(Continued) |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 37,300,000 | | | $ | 37,300,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $129,524,286) | | | | | | 129,524,286 | |
TOTAL INVESTMENTS—110.9% | | | |
| (Cost $920,499,081) | | 907,628,486 | |
| Other assets less liabilities—(10.9%) | | (89,343,115 | ) |
NET ASSETS—100.0% | $ | 818,285,371 | |
| Notes to the Schedule of Investments: | |
|---|
| ADR | | | | American Depositary Receipt |
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
|
See accompanying notes to financial statements.
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COMMON STOCKS—94.7% |
Aerospace & Defense—1.2% |
| Boeing Co. (The) | † | | | 221,200 | | | $ | 9,401,000 | |
| ITT Corp. | † | | | 197,900 | | | | 8,806,550 | |
| | | | | | | | | | | | | | 18,207,550 | |
Air Freight & Logistics—0.7% |
| United Parcel Service, Inc., Class B | | | | 205,100 | | | | 10,252,949 | |
Automobiles—0.1% |
| Ford Motor Co. | * | | | 284,100 | | | | 1,724,487 | |
Beverages—5.2% |
| Coca-Cola Co. (The) | | | | 638,500 | | | | 30,641,615 | |
| Hansen Natural Corp. | *† | | | 84,200 | | | | 2,595,044 | |
| PepsiCo, Inc. | | | | 820,100 | | | | 45,072,696 | |
| | | | | | | | | | | | | | 78,309,355 | |
Biotechnology—2.7% |
| Amgen, Inc. | * | | | 191,300 | | | | 10,127,422 | |
| Biogen Idec, Inc. | * | | | 63,100 | | | | 2,848,965 | |
| Celgene Corp. | * | | | 255,350 | | | | 12,215,944 | |
| Gilead Sciences, Inc. | * | | | 232,750 | | | | 10,902,010 | |
| Myriad Genetics, Inc. | * | | | 110,895 | | | | 3,953,407 | |
| Myriad Pharmaceuticals, Inc. | * | | | 27,724 | | | | 128,915 | |
| | | | | | | | | | | | | | 40,176,663 | |
Capital Markets—2.7% |
| Charles Schwab Corp. (The) | | | | 352,400 | | | | 6,181,096 | |
| Goldman Sachs Group, Inc. (The) | | | | 151,280 | | | | 22,304,723 | |
| Morgan Stanley | | | | 422,700 | | | | 12,051,177 | |
| | | | | | | | | | | | | | 40,536,996 | |
Chemicals—3.4% |
| Air Products & Chemicals, Inc. | | | | 94,650 | | | | 6,113,444 | |
| Monsanto Co. | | | | 143,180 | | | | 10,644,001 | |
| Mosaic Co. (The) | | | | 208,250 | | | | 9,225,475 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) | | | | 34,390 | | | | 3,199,989 | |
| Praxair, Inc. | | | | 180,100 | | | | 12,799,707 | |
| Syngenta AG ADR (Switzerland) | † | | | 190,900 | | | | 8,880,668 | |
| | | | | | | | | | | | | | 50,863,284 | |
Commercial Banks—2.5% |
| Banco Bradesco SA ADR (Brazil) | † | | | 379,200 | | | | 5,600,784 | |
| Fifth Third Bancorp | † | | | 123,500 | | | | 876,850 | |
| PNC Financial Services Group, Inc. | | | | 82,985 | | | | 3,220,648 | |
| SunTrust Banks, Inc. | † | | | 195,800 | | | | 3,220,910 | |
| Wells Fargo & Co. | | | | 1,008,900 | | | | 24,475,914 | |
| | | | | | | | | | | | | | 37,395,106 | |
Communications Equipment—6.3% |
| Cisco Systems, Inc. | * | | | 1,339,275 | | | | 24,964,086 | |
| Juniper Networks, Inc. | * | | | 74,900 | | | | 1,767,640 | |
| Motorola, Inc. | | | | 928,800 | | | | 6,157,944 | |
| Nokia Oyj ADR (Finland) | † | | | 1,159,300 | | | | 16,902,594 | |
| QUALCOMM, Inc. | | | | 764,407 | | | | 34,551,197 | |
| Research In Motion Ltd. (Canada) | * | | | 134,666 | | | | 9,568,019 | |
| | | | | | | | | | | | | | 93,911,480 | |
Computers & Peripherals—8.2% |
| Apple, Inc. | * | | | 286,020 | | | $ | 40,737,829 | |
| Dell, Inc. | * | | | 542,700 | | | | 7,451,271 | |
| EMC Corp. | * | | | 1,810,500 | | | | 23,717,550 | |
| Hewlett-Packard Co. | | | | 327,450 | | | | 12,655,943 | |
| International Business Machines Corp. | | | | 363,070 | | | | 37,911,769 | |
| | | | | | | | | | | | | | 122,474,362 | |
Construction & Engineering—1.6% |
| Foster Wheeler AG | * | | | 455,200 | | | | 10,811,000 | |
| Quanta Services, Inc. | *† | | | 413,600 | | | | 9,566,568 | |
| Shaw Group, Inc. (The) | * | | | 140,400 | | | | 3,848,364 | |
| | | | | | | | | | | | | | 24,225,932 | |
Consumer Finance—1.0% |
| American Express Co. | | | | 555,600 | | | | 12,912,144 | |
| Capital One Financial Corp. | | | | 111,200 | | | | 2,433,056 | |
| | | | | | | | | | | | | | 15,345,200 | |
Diversified Consumer Services—0.2% |
| Apollo Group, Inc., Class A | *† | | | 44,200 | | | | 3,143,504 | |
Diversified Financial Services—1.9% |
| Bank of America Corp. | | | | 252,300 | | | | 3,330,360 | |
| CME Group, Inc. | | | | 14,470 | | | | 4,501,762 | |
| JPMorgan Chase & Co. | | | | 339,500 | | | | 11,580,345 | |
| NYSE Euronext | | | | 318,300 | | | | 8,673,675 | |
| | | | | | | | | | | | | | 28,086,142 | |
Electrical Equipment—0.5% |
| ABB Ltd. ADR (Switzerland) | † | | | 226,000 | | | | 3,566,280 | |
| First Solar, Inc. | *† | | | 22,500 | | | | 3,647,700 | |
| | | | | | | | | | | | | | 7,213,980 | |
Electronic Equipment, Instruments &
Components—0.6% |
| Amphenol Corp., Class A | | | | 123,910 | | | | 3,920,512 | |
| Corning, Inc. | | | | 243,800 | | | | 3,915,428 | |
| LG Display Co. Ltd. ADR (Korea, Republic of) | † | | | 107,000 | | | | 1,336,430 | |
| | | | | | | | | | | | | | 9,172,370 | |
Energy Equipment & Services—4.5% |
| Halliburton Co. | | | | 905,650 | | | | 18,746,955 | |
| National Oilwell Varco, Inc. | * | | | 289,800 | | | | 9,464,868 | |
| Schlumberger Ltd. | | | | 216,700 | | | | 11,725,637 | |
| Transocean Ltd. (Switzerland) | * | | | 242,000 | | | | 17,978,180 | |
| Weatherford International Ltd. | * | | | 467,750 | | | | 9,149,190 | |
| | | | | | | | | | | | | | 67,064,830 | |
Food & Staples Retailing—3.7% |
| Costco Wholesale Corp. | | | | 152,200 | | | | 6,955,540 | |
| CVS Caremark Corp. | | | | 794,050 | | | | 25,306,373 | |
| Kroger Co. (The) | | | | 75,900 | | | | 1,673,595 | |
| Wal-Mart Stores, Inc. | | | | 412,900 | | | | 20,000,876 | |
| Whole Foods Market, Inc. | † | | | 108,400 | | | | 2,057,432 | |
| | | | | | | | | | | | | | 55,993,816 | |
Food Products—0.2% |
| Bunge Ltd. | † | | | 55,400 | | | | 3,337,850 | |
Health Care Equipment & Supplies—3.0% |
| Boston Scientific Corp. | * | | | 459,800 | | | | 4,662,372 | |
| Covidien plc (Ireland) | | | | 244,750 | | | | 9,163,440 | |
| Intuitive Surgical, Inc. | *† | | | 21,400 | | | | 3,502,324 | |
| Medtronic, Inc. | | | | 368,700 | | | | 12,863,943 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| St. Jude Medical, Inc. | * | | | 148,100 | | | $ | 6,086,910 | |
| Stryker Corp. | | | | 222,100 | | | | 8,826,254 | |
| | | | | | | | | | | | | | 45,105,243 | |
Health Care Providers & Services—1.0% |
| Aetna, Inc. | | | | 473,700 | | | | 11,866,185 | |
| McKesson Corp. | | | | 65,800 | | | | 2,895,200 | |
| | | | | | | | | | | | | | 14,761,385 | |
Hotels, Restaurants & Leisure—1.3% |
| International Game Technology | | | | 84,500 | | | | 1,343,550 | |
| McDonald’s Corp. | | | | 96,291 | | | | 5,535,770 | |
| Starbucks Corp. | *† | | | 182,600 | | | | 2,536,314 | |
| Yum! Brands, Inc. | | | | 280,200 | | | | 9,341,868 | |
| | | | | | | | | | | | | | 18,757,502 | |
Household Products—2.0% |
| Colgate-Palmolive Co. | † | | | 118,700 | | | | 8,396,838 | |
| Procter & Gamble Co. (The) | | | | 405,400 | | | | 20,715,940 | |
| | | | | | | | | | | | | | 29,112,778 | |
Industrial Conglomerates—1.2% |
| 3M Co. | | | | 194,400 | | | | 11,683,440 | |
| General Electric Co. | | | | 513,600 | | | | 6,019,392 | |
| | | | | | | | | | | | | | 17,702,832 | |
Insurance—1.9% |
| ACE Ltd. (Switzerland) | | | | 92,200 | | | | 4,078,006 | |
| Aflac, Inc. | | | | 303,900 | | | | 9,448,251 | |
| Berkshire Hathaway, Inc., Class B | * | | | 4,523 | | | | 13,097,387 | |
| Protective Life Corp. | † | | | 58,000 | | | | 663,520 | |
| Willis Group Holdings Ltd. (United Kingdom) | † | | | 63,100 | | | | 1,623,563 | |
| | | | | | | | | | | | | | 28,910,727 | |
Internet & Catalog Retail—1.6% |
| Amazon.com, Inc. | * | | | 236,200 | | | | 19,760,492 | |
| priceline.com, Inc. | *† | | | 32,800 | | | | 3,658,840 | |
| | | | | | | | | | | | | | 23,419,332 | |
Internet Software & Services—3.5% |
| eBay, Inc. | * | | | 144,900 | | | | 2,482,137 | |
| Google, Inc., Class A | * | | | 66,130 | | | | 27,879,747 | |
| Yahoo! Inc. | * | | | 1,392,700 | | | | 21,809,682 | |
| | | | | | | | | | | | | | 52,171,566 | |
IT Services—3.7% |
| Automatic Data Processing, Inc. | † | | | 604,000 | | | | 21,405,760 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 292,750 | | | | 7,816,425 | |
| Global Payments, Inc. | † | | | 121,500 | | | | 4,551,390 | |
| Mastercard, Inc., Class A | | | | 38,700 | | | | 6,474,897 | |
| Paychex, Inc. | † | | | 331,500 | | | | 8,353,800 | |
| Visa, Inc., Class A | † | | | 118,600 | | | | 7,384,036 | |
| | | | | | | | | | | | | | 55,986,308 | |
Life Sciences Tools & Services—1.5% |
| Illumina, Inc. | *† | | | 175,800 | | | | 6,845,652 | |
| Thermo Fisher Scientific, Inc. | * | | | 365,700 | | | | 14,909,589 | |
| | | | | | | | | | | | | | 21,755,241 | |
Machinery—1.4% |
| Caterpillar, Inc. | † | | | 327,300 | | | | 10,813,992 | |
| Danaher Corp. | † | | | 161,600 | | | $ | 9,977,184 | |
| | | | | | | | | | | | | | 20,791,176 | |
Media—1.5% |
| DIRECTV Group, Inc. (The) | *† | | | 74,300 | | | | 1,835,953 | |
| Viacom, Inc., Class B | * | | | 255,750 | | | | 5,805,525 | |
| Walt Disney Co. (The) | † | | | 663,800 | | | | 15,486,454 | |
| | | | | | | | | | | | | | 23,127,932 | |
Metals & Mining—1.9% |
| BHP Billiton Ltd. ADR (Australia) | † | | | 40,200 | | | | 2,200,146 | |
| Cliffs Natural Resources, Inc. | | | | 116,400 | | | | 2,848,308 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 185,100 | | | | 9,275,361 | |
| Newmont Mining Corp. | | | | 157,200 | | | | 6,424,764 | |
| Nucor Corp. | | | | 74,300 | | | | 3,301,149 | |
| United States Steel Corp. | † | | | 43,300 | | | | 1,547,542 | |
| Xstrata plc ADR (Switzerland) | | | | 1,212,100 | | | | 2,727,225 | |
| | | | | | | | | | | | | | 28,324,495 | |
Multiline Retail—1.2% |
| Dollar Tree, Inc. | * | | | 57,300 | | | | 2,412,330 | |
| Kohl’s Corp. | * | | | 112,300 | | | | 4,800,825 | |
| Target Corp. | | | | 267,900 | | | | 10,574,013 | |
| | | | | | | | | | | | | | 17,787,168 | |
Oil, Gas & Consumable Fuels—4.6% |
| Anadarko Petroleum Corp. | | | | 151,100 | | | | 6,858,429 | |
| Chesapeake Energy Corp. | | | | 167,900 | | | | 3,329,457 | |
| ConocoPhillips | | | | 90,200 | | | | 3,793,812 | |
| Hess Corp. | | | | 76,385 | | | | 4,105,694 | |
| Massey Energy Co. | | | | 125,400 | | | | 2,450,316 | |
| Occidental Petroleum Corp. | | | | 124,750 | | | | 8,209,797 | |
| Peabody Energy Corp. | † | | | 268,800 | | | | 8,107,008 | |
| Suncor Energy, Inc. (Canada) | † | | | 408,050 | | | | 12,380,237 | |
| Total SA ADR (France) | | | | 61,500 | | | | 3,335,145 | |
| XTO Energy, Inc. | | | | 436,200 | | | | 16,636,668 | |
| | | | | | | | | | | | | | 69,206,563 | |
Personal Products—0.8% |
| Avon Products, Inc. | | | | 306,600 | | | | 7,904,148 | |
| Estee Lauder Cos., Inc. (The), Class A | † | | | 71,100 | | | | 2,322,837 | |
| Mead Johnson Nutrition Co., Class A | * | | | 57,800 | | | | 1,836,306 | |
| | | | | | | | | | | | | | 12,063,291 | |
Pharmaceuticals—3.6% |
| Abbott Laboratories | | | | 53,000 | | | | 2,493,120 | |
| Allergan, Inc. | | | | 281,000 | | | | 13,369,980 | |
| Elan Corp. plc ADR (Ireland) | *† | | | 910,800 | | | | 5,801,796 | |
| Johnson & Johnson | | | | 386,300 | | | | 21,941,840 | |
| Mylan, Inc. | *† | | | 293,300 | | | | 3,827,565 | |
| Teva Pharmaceutical Industries Ltd. ADR (Israel) | † | | | 123,650 | | | | 6,100,891 | |
| | | | | | | | | | | | | | 53,535,192 | |
Real Estate Investment Trusts (REITs)—0.1% |
| Annaly Capital Management, Inc. REIT | | | | 120,900 | | | | 1,830,426 | |
Road & Rail—0.8% |
| Norfolk Southern Corp. | | | | 243,900 | | | | 9,187,713 | |
| Union Pacific Corp. | | | | 58,400 | | | | 3,040,304 | |
| | | | | | | | | | | | | | 12,228,017 | |
|
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
Semiconductors & Semiconductor Equipment—1.8% |
| Analog Devices, Inc. | | | | 266,450 | | | $ | 6,602,631 | |
| Broadcom Corp., Class A | *† | | | 253,900 | | | | 6,294,181 | |
| Intel Corp. | | | | 224,300 | | | | 3,712,165 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 374,400 | | | | 4,358,016 | |
MEMC Electronic
Materials, Inc. | * | | | 52,100 | | | | 927,901 | |
| Texas Instruments, Inc. | | | | 200,900 | | | | 4,279,170 | |
| | | | | | | | | | | | | | 26,174,064 | |
Software—5.5% |
| Activision Blizzard, Inc. | * | | | 446,000 | | | | 5,632,980 | |
| Check Point Software Technologies (Israel) | *† | | | 230,250 | | | | 5,403,967 | |
| Microsoft Corp. | | | | 2,388,550 | | | | 56,775,834 | |
| Oracle Corp. | | | | 643,600 | | | | 13,785,912 | |
| | | | | | | | | | | | | | 81,598,693 | |
Specialty Retail—2.6% |
| AutoZone, Inc. | * | | | 15,500 | | | | 2,342,205 | |
| Bed Bath & Beyond, Inc. | * | | | 106,900 | | | | 3,287,175 | |
| Best Buy Co., Inc. | † | | | 299,500 | | | | 10,030,255 | |
| Home Depot, Inc. | | | | 158,200 | | | | 3,738,266 | |
| Lowe’s Cos., Inc. | | | | 795,500 | | | | 15,440,655 | |
| Staples, Inc. | | | | 181,450 | | | | 3,659,847 | |
| | | | | | | | | | | | | | 38,498,403 | |
Textiles, Apparel & Luxury Goods—0.8% |
| NIKE, Inc., Class B | | | | 218,000 | | | | 11,288,040 | |
Wireless Telecommunication Services—0.2% |
| Sprint Nextel Corp. | * | | | 657,287 | | | | 3,161,550 | |
TOTAL COMMON STOCKS |
| (Cost $1,483,791,042) | | | | | | 1,414,733,780 | |
| |
CASH EQUIVALENTS—14.7% |
Institutional Money Market Funds—14.7% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 86,019,655 | | | | 86,019,655 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 13,806,485 | | | | 13,806,485 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 25,000,000 | | | | 25,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 39,800,000 | | | | 39,800,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 55,000,000 | | | | 55,000,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $219,626,140) | | | | | | 219,626,140 | |
TOTAL INVESTMENTS—109.4% | | | |
| (Cost $1,703,417,182) | | 1,634,359,920 | |
| Other assets less liabilities—(9.4%) | | (140,858,220) | |
NET ASSETS—100.0% | $ | 1,493,501,700 | |
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Notes to the Schedule of Investments: |
| ADR | | American Depositary Receipt |
| REIT | | Real Estate Investment Trust |
| † | | Denotes all or a portion of security on loan. |
| * | | Non-income producing. |
| †† | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
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COMMON STOCKS—95.0% |
Aerospace & Defense—2.1% |
| General Dynamics Corp. | | | | 19,600 | | | $ | 1,085,644 | |
| Rockwell Collins, Inc. | † | | | 52,800 | | | | 2,203,344 | |
| TransDigm Group, Inc. | * | | | 41,819 | | | | 1,513,848 | |
| | | | | | | | | | | | | | 4,802,836 | |
Auto Components—1.4% |
| BorgWarner, Inc. | | | | 97,700 | | | | 3,336,455 | |
Automobiles—0.4% |
| Thor Industries, Inc. | † | | | 55,100 | | | | 1,012,187 | |
Beverages—1.1% |
| Coca-Cola Enterprises, Inc. | | | | 25,400 | | | | 422,910 | |
| Dr. Pepper Snapple Group, Inc. | * | | | 54,900 | | | | 1,163,331 | |
| Molson Coors Brewing Co., Class B | | | | 21,700 | | | | 918,561 | |
| | | | | | | | | | | | | | 2,504,802 | |
Capital Markets—1.9% |
| Invesco Ltd. | | | | 95,670 | | | | 1,704,839 | |
| State Street Corp. | | | | 36,700 | | | | 1,732,240 | |
| Stifel Financial Corp. | * | | | 20,650 | | | | 993,059 | |
| | | | | | | | | | | | | | 4,430,138 | |
Chemicals—1.8% |
| Celanese Corp., Class A | | | | 68,200 | | | | 1,619,750 | |
| International Flavors & Fragrances, Inc. | | | | 74,200 | | | | 2,427,824 | |
| | | | | | | | | | | | | | 4,047,574 | |
Commercial Banks—1.3% |
| Bank of Hawaii Corp. | † | | | 58,900 | | | | 2,110,387 | |
| Prosperity Bancshares, Inc. | † | | | 33,100 | | | | 987,373 | |
| | | | | | | | | | | | | | 3,097,760 | |
Commercial Services & Supplies—2.5% |
| Cintas Corp. | | | | 63,900 | | | | 1,459,476 | |
| R.R. Donnelley & Sons Co. | | | | 220,400 | | | | 2,561,048 | |
| Steelcase, Inc., Class A | † | | | 284,100 | | | | 1,653,462 | |
| | | | | | | | | | | | | | 5,673,986 | |
Communications Equipment—1.0% |
| Comtech Telecommunications Corp. | * | | | 50,000 | | | | 1,594,000 | |
| Tellabs, Inc. | * | | | 119,400 | | | | 684,162 | |
| | | | | | | | | | | | | �� | 2,278,162 | |
Computers & Peripherals—1.4% |
Seagate Technology
(Cayman Islands) | | | | 157,100 | | | | 1,643,266 | |
| Teradata Corp. | * | | | 35,000 | | | | 820,050 | |
| Western Digital Corp. | * | | | 32,600 | | | | 863,900 | |
| | | | | | | | | | | | | | 3,327,216 | |
Construction & Engineering—0.5% |
| Fluor Corp. | | | | 22,500 | | | | 1,154,025 | |
Consumer Finance—0.1% |
| Student Loan Corp. (The) | † | | | 7,603 | | | | 282,832 | |
Containers & Packaging—2.7% |
| AptarGroup, Inc. | † | | | 43,600 | | | | 1,472,372 | |
| Crown Holdings, Inc. | * | | | 28,200 | | | | 680,748 | |
| Sonoco Products Co. | | | | 128,200 | | | $ | 3,070,390 | |
| Temple-Inland, Inc. | | | | 76,900 | | | | 1,008,928 | |
| | | | | | | | | | | | | | 6,232,438 | |
Diversified Telecommunication Services—1.2% |
| NTELOS Holdings Corp. | | | | 109,300 | | | | 2,013,306 | |
| Qwest Communications International, Inc. | † | | | 178,800 | | | | 742,020 | |
| | | | | | | | | | | | | | 2,755,326 | |
Electric Utilities—2.3% |
| Hawaiian Electric Industries, Inc. | † | | | 29,150 | | | | 555,599 | |
| Northeast Utilities | | | | 56,900 | | | | 1,269,439 | |
| NV Energy, Inc. | | | | 87,600 | | | | 945,204 | |
| Pinnacle West Capital Corp. | | | | 84,100 | | | | 2,535,615 | |
| | | | | | | | | | | | | | 5,305,857 | |
Electrical Equipment—2.8% |
| Acuity Brands, Inc. | † | | | 48,000 | | | | 1,346,400 | |
| Cooper Industries Ltd., Class A | | | | 38,600 | | | | 1,198,530 | |
| General Cable Corp. | * | | | 48,650 | | | | 1,828,267 | |
| Hubbell, Inc., Class B | | | | 42,000 | | | | 1,346,520 | |
| Thomas & Betts Corp. | * | | | 29,100 | | | | 839,826 | |
| | | | | | | | | | | | | | 6,559,543 | |
Electronic Equipment, Instruments &
Components—2.6% |
| Arrow Electronics, Inc. | * | | | 69,900 | | | | 1,484,676 | |
| Avnet, Inc. | * | | | 82,200 | | | | 1,728,666 | |
| Corning, Inc. | | | | 43,700 | | | | 701,822 | |
| Ingram Micro, Inc., Class A | * | | | 126,100 | | | | 2,206,750 | |
| | | | | | | | | | | | | | 6,121,914 | |
Energy Equipment & Services—3.4% |
| Baker Hughes, Inc. | | | | 19,800 | | | | 721,512 | |
| Nabors Industries Ltd. (Bermuda) | * | | | 111,500 | | | | 1,737,170 | |
| Noble Corp. | | | | 130,100 | | | | 3,935,525 | |
| Pride International, Inc. | *† | | | 57,400 | | | | 1,438,444 | |
| | | | | | | | | | | | | | 7,832,651 | |
Food & Staples Retailing—1.5% |
| Kroger Co. (The) | | | | 41,100 | | | | 906,255 | |
| Ruddick Corp. | † | | | 59,371 | | | | 1,391,063 | |
| Sysco Corp. | | | | 49,900 | | | | 1,121,752 | |
| | | | | | | | | | | | | | 3,419,070 | |
Food Products—2.4% |
| Campbell Soup Co. | † | | | 43,700 | | | | 1,285,654 | |
| Dean Foods Co. | * | | | 33,500 | | | | 642,865 | |
| H.J. Heinz Co. | | | | 35,700 | | | | 1,274,490 | |
| Sara Lee Corp. | | | | 249,200 | | | | 2,432,192 | |
| | | | | | | | | | | | | | 5,635,201 | |
Gas Utilities—1.2% |
| Energen Corp. | | | | 41,100 | | | | 1,639,890 | |
| Questar Corp. | | | | 39,000 | | | | 1,211,340 | |
| | | | | | | | | | | | | | 2,851,230 | |
Health Care Equipment & Supplies—1.3% |
| Beckman Coulter, Inc. | | | | 27,689 | | | | 1,582,149 | |
| Stryker Corp. | | | | 36,700 | | | | 1,458,458 | |
| | | | | | | | | | | | | | 3,040,607 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
Health Care Providers & Services—3.7% |
| Cardinal Health, Inc. | | | | 37,500 | | | $ | 1,145,625 | |
| CIGNA Corp. | | | | 215,898 | | | | 5,200,983 | |
| Health Management Associates, Inc., Class A | * | | | 108,300 | | | | 535,002 | |
| Omnicare, Inc. | | | | 64,300 | | | | 1,656,368 | |
| | | | | | | | | | | | | | 8,537,978 | |
Health Care Technology—0.6% |
| IMS Health, Inc. | | | | 114,800 | | | | 1,457,960 | |
Hotels, Restaurants & Leisure—2.1% |
| Burger King Holdings, Inc. | | | | 50,600 | | | | 873,862 | |
| Carnival Corp. | | | | 52,000 | | | | 1,340,040 | |
| Darden Restaurants, Inc. | | | | 55,300 | | | | 1,823,794 | |
| Royal Caribbean Cruises Ltd. | | | | 31,450 | | | | 425,833 | |
| Wyndham Worldwide Corp. | | | | 40,550 | | | | 491,466 | |
| | | | | | | | | | | | | | 4,954,995 | |
Household Durables—1.1% |
| Fortune Brands, Inc. | | | | 13,800 | | | | 479,412 | |
| Mohawk Industries, Inc. | *† | | | 31,400 | | | | 1,120,352 | |
| Snap-On, Inc. | † | | | 36,000 | | | | 1,034,640 | |
| | | | | | | | | | | | | | 2,634,404 | |
Household Products—0.2% |
| Clorox Co. | | | | 9,600 | | | | 535,968 | |
Independent Power Producers & Energy Traders—1.0% |
| AES Corp. (The) | * | | | 131,100 | | | | 1,522,071 | |
| NRG Energy, Inc. | * | | | 27,700 | | | �� | 719,092 | |
| | | | | | | | | | | | | | 2,241,163 | |
Insurance—10.9% |
| Alleghany Corp. | *† | | | 13,894 | | | | 3,765,274 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 33,500 | | | | 1,367,805 | |
| Allstate Corp. (The) | | | | 116,900 | | | | 2,852,360 | |
| Arch Capital Group Ltd. (Bermuda) | *† | | | 55,450 | | | | 3,248,261 | |
| Brown & Brown, Inc. | | | | 68,000 | | | | 1,355,240 | |
| Endurance Specialty Holdings Ltd. (Bermuda) | | | | 53,600 | | | | 1,570,480 | |
| Fidelity National Financial, Inc., Class A | | | | 124,500 | | | | 1,684,485 | |
| HCC Insurance Holdings, Inc. | † | | | 93,500 | | | | 2,244,935 | |
| Lincoln National Corp. | | | | 160,260 | | | | 2,758,075 | |
| Progressive Corp. (The) | * | | | 91,400 | | | | 1,381,054 | |
| Prudential Financial, Inc. | | | | 35,125 | | | | 1,307,352 | |
| Unum Group | | | | 102,800 | | | | 1,630,408 | |
| White Mountains Insurance Group Ltd. | | | | 500 | | | | 114,455 | |
| | | | | | | | | | | | | | 25,280,184 | |
IT Services—2.5% |
| Computer Sciences Corp. | * | | | 80,800 | | | | 3,579,440 | |
| Hewitt Associates, Inc., Class A | * | | | 45,700 | | | | 1,360,946 | |
| SAIC, Inc. | * | | | 43,500 | | | | 806,925 | |
| | | | | | | | | | | | | | 5,747,311 | |
Leisure Equipment & Products—0.6% |
| Mattel, Inc. | † | | | 82,400 | | | | 1,322,520 | |
Life Sciences Tools & Services—1.4% |
| Covance, Inc. | *† | | | 29,600 | | | $ | 1,456,320 | |
| Life Technologies Corp. | * | | | 43,400 | | | | 1,810,648 | |
| | | | | | | | | | | | | | 3,266,968 | |
Machinery—1.9% |
| Dover Corp. | | | | 110,200 | | | | 3,646,518 | |
| SPX Corp. | | | | 15,050 | | | | 736,998 | |
| | | | | | | | | | | | | | 4,383,516 | |
Marine—0.6% |
| Alexander & Baldwin, Inc. | † | | | 30,200 | | | | 707,888 | |
| Kirby Corp. | * | | | 20,200 | | | | 642,158 | |
| | | | | | | | | | | | | | 1,350,046 | |
Media—2.4% |
| Marvel Entertainment, Inc. | *† | | | 42,600 | | | | 1,516,134 | |
| McGraw-Hill Cos., Inc. (The) | | | | 34,450 | | | | 1,037,289 | |
| Omnicom Group, Inc. | | | | 55,200 | | | | 1,743,216 | |
| Shaw Communications, Inc., Class B (Canada) | | | | 74,100 | | | | 1,249,326 | |
| | | | | | | | | | | | | | 5,545,965 | |
Metals & Mining—1.3% |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 25,100 | | | | 1,257,761 | |
| Thompson Creek Metals Co., Inc. (Canada) | *† | | | 127,050 | | | | 1,298,451 | |
| Walter Energy, Inc. | | | | 13,650 | | | | 494,676 | |
| | | | | | | | | | | | | | 3,050,888 | |
Multiline Retail—0.9% |
| Family Dollar Stores, Inc. | | | | 18,200 | | | | 515,060 | |
| Kohl’s Corp. | * | | | 35,550 | | | | 1,519,762 | |
| | | | | | | | | | | | | | 2,034,822 | |
Multi-Utilities—3.2% |
| CMS Energy Corp. | | | | 138,200 | | | | 1,669,456 | |
| PG&E Corp. | | | | 62,800 | | | | 2,414,032 | |
| SCANA Corp. | | | | 56,762 | | | | 1,843,062 | |
| TECO Energy, Inc. | | | | 24,600 | | | | 293,478 | |
| Xcel Energy, Inc. | | | | 59,200 | | | | 1,089,872 | |
| | | | | | | | | | | | | | 7,309,900 | |
Oil, Gas & Consumable Fuels—3.7% |
| Bill Barrett Corp. | * | | | 38,450 | | | | 1,055,837 | |
| Cimarex Energy Co. | † | | | 54,600 | | | | 1,547,364 | |
| El Paso Corp. | | | | 63,600 | | | | 587,028 | |
| EOG Resources, Inc. | | | | 18,200 | | | | 1,236,144 | |
| Newfield Exploration Co. | * | | | 19,700 | | | | 643,599 | |
| Noble Energy, Inc. | | | | 8,750 | | | | 515,988 | |
| Spectra Energy Corp. | | | | 65,200 | | | | 1,103,184 | |
| Valero Energy Corp. | | | | 57,500 | | | | 971,175 | |
| Whiting Petroleum Corp. | * | | | 25,950 | | | | 912,402 | |
| | | | | | | | | | | | | | 8,572,721 | |
Professional Services—1.8% |
| Equifax, Inc. | | | | 53,000 | | | | 1,383,300 | |
| Manpower, Inc. | | | | 35,100 | | | | 1,486,134 | |
| Robert Half International, Inc. | † | | | 58,300 | | | | 1,377,046 | |
| | | | | | | | | | | | | | 4,246,480 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
Real Estate Investment Trusts (REITs)—5.4% |
| Annaly Capital Management, Inc. REIT | | | | 95,500 | | | $ | 1,445,870 | |
| Boston Properties, Inc. REIT | † | | | 7,750 | | | | 369,675 | |
| Digital Realty Trust, Inc. REIT | † | | | 40,200 | | | | 1,441,170 | |
| Duke Realty Corp. REIT | | | | 395,936 | | | | 3,472,359 | |
| Health Care REIT, Inc. REIT | † | | | 39,700 | | | | 1,353,770 | |
| National Retail Properties, Inc. REIT | † | | | 33,350 | | | | 578,623 | |
| Simon Property Group, Inc. REIT | † | | | 74,480 | | | | 3,830,506 | |
| | | | | | | | | | | | | | 12,491,973 | |
Road & Rail—1.7% |
| Kansas City Southern | *† | | | 26,900 | | | | 433,359 | |
| Ryder System, Inc. | | | | 36,600 | | | | 1,021,872 | |
| Werner Enterprises, Inc. | † | | | 130,500 | | | | 2,364,660 | |
| | | | | | | | | | | | | | 3,819,891 | |
Semiconductors & Semiconductor Equipment—3.8% |
| Analog Devices, Inc. | | | | 81,500 | | | | 2,019,570 | |
| Lam Research Corp. | *† | | | 54,300 | | | | 1,411,800 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 83,100 | | | | 967,284 | |
| Microchip Technology, Inc. | † | | | 103,000 | | | | 2,322,650 | |
| National Semiconductor Corp. | † | | | 106,800 | | | | 1,340,340 | |
| Semtech Corp. | * | | | 22,200 | | | | 353,202 | |
| Skyworks Solutions, Inc. | * | | | 38,000 | | | | 371,640 | |
| | | | | | | | | | | | | | 8,786,486 | |
Software—1.9% |
| Autodesk, Inc. | * | | | 46,700 | | | | 886,366 | |
| Check Point Software Technologies (Israel) | * | | | 17,600 | | | | 413,072 | |
| Informatica Corp. | * | | | 44,750 | | | | 769,252 | |
| Solera Holdings, Inc. | * | | | 38,700 | | | | 982,980 | |
| Sybase, Inc. | * | | | 26,700 | | | | 836,778 | |
| Synopsys, Inc. | * | | | 21,100 | | | | 411,661 | |
| | | | | | | | | | | | | | 4,300,109 | |
Specialty Retail—1.1% |
| AutoNation, Inc. | *† | | | 20,600 | | | | 357,410 | |
| AutoZone, Inc. | * | | | 2,400 | | | | 362,664 | |
| Best Buy Co., Inc. | † | | | 31,900 | | | | 1,068,331 | |
| Foot Locker, Inc. | | | | 68,600 | | | | 718,242 | |
| | | | | | | | | | | | | | 2,506,647 | |
Textiles, Apparel & Luxury Goods—1.5% |
| V.F. Corp. | | | | 33,900 | | | | 1,876,365 | |
| Warnaco Group, Inc. (The) | *† | | | 45,700 | | | | 1,480,680 | |
| | | | | | | | | | | | | | 3,357,045 | |
Thrifts & Mortgage Finance—1.3% |
| First Niagara Financial Group, Inc. | | | | 112,500 | | | | 1,284,750 | |
| Hudson City Bancorp, Inc. | | | | 121,200 | | | | 1,610,748 | |
| | | | | | | | | | | | | | 2,895,498 | |
Tobacco—0.3% |
| Lorillard, Inc. | | | | 10,000 | | | $ | 677,700 | |
Trading Companies & Distributors—1.2% |
| GATX Corp. | † | | | 43,900 | | | | 1,129,108 | |
| United Rentals, Inc. | *† | | | 258,266 | | | | 1,676,146 | |
| | | | | | | | | | | | | | 2,805,254 | |
TOTAL COMMON STOCKS |
| (Cost $233,594,981) | | | | | | 219,816,202 | |
| |
CASH EQUIVALENTS—17.8% |
Institutional Money Market Funds—17.8% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 12,295,475 | | | | 12,295,475 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 4,792,513 | | | | 4,792,513 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 8,000,000 | | | | 8,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 8,000,000 | | | | 8,000,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 8,000,000 | | | | 8,000,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $41,087,988) | | | | | | 41,087,988 | |
TOTAL INVESTMENTS—112.8% | | | |
| (Cost $274,682,969) | | 260,904,190 | |
| Other assets less liabilities—(12.8%) | | (29,662,278 | ) | | |
NET ASSETS—100.0% | $ | 231,241,912 | |
| Notes to the Schedule of Investments: | |
|---|
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS
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COMMON STOCKS—95.3% |
Aerospace & Defense—1.1% |
| ITT Corp. | | | | 49,700 | | | $ | 2,211,650 | |
| L-3 Communications Holdings, Inc. | | | | 46,600 | | | | 3,233,108 | |
| Rockwell Collins, Inc. | † | | | 76,400 | | | | 3,188,172 | |
| | | | | | | | | | | | | | 8,632,930 | |
Air Freight & Logistics—1.6% |
| C.H. Robinson Worldwide, Inc. | | | | 49,800 | | | | 2,597,070 | |
| Expeditors International of Washington, Inc. | † | | | 77,300 | | | | 2,577,182 | |
| FedEx Corp. | | | | 58,100 | | | | 3,231,522 | |
| HUB Group, Inc., Class A | * | | | 87,600 | | | | 1,808,064 | |
| UTi Worldwide, Inc. (Virgin Islands, British) | * | | | 165,200 | | | | 1,883,280 | |
| | | | | | | | | | | | | | 12,097,118 | |
Airlines—0.8% |
| Continental Airlines, Inc., Class B | *† | | | 435,100 | | | | 3,854,986 | |
| Delta Air Lines, Inc. | * | | | 353,300 | | | | 2,045,607 | |
| | | | | | | | | | | | | | 5,900,593 | |
Auto Components—0.4% |
| Johnson Controls, Inc. | † | | | 55,500 | | | | 1,205,460 | |
| Magna International, Inc., Class A (Canada) | | | | 38,300 | | | | 1,617,792 | |
| | | | | | | | | | | | | | 2,823,252 | |
Automobiles—0.3% |
| Harley-Davidson, Inc. | † | | | 131,400 | | | | 2,129,994 | |
Biotechnology—2.3% |
| Alexion Pharmaceuticals, Inc. | *† | | | 52,000 | | | | 2,138,240 | |
| Alkermes, Inc. | *† | | | 433,849 | | | | 4,694,246 | |
| Cephalon, Inc. | *† | | | 48,000 | | | | 2,719,200 | |
| deCODE genetics, Inc. (Iceland) | * | | | 226,900 | | | | 120,257 | |
| Incyte Corp. Ltd. | *† | | | 333,400 | | | | 1,096,886 | |
| Myriad Genetics, Inc. | * | | | 37,500 | | | | 1,336,875 | |
| Myriad Pharmaceuticals, Inc. | * | | | 9,375 | | | | 43,594 | |
| Regeneron Pharmaceuticals, Inc. | * | | | 85,200 | | | | 1,526,784 | |
| United Therapeutics Corp. | * | | | 51,900 | | | | 4,324,827 | |
| | | | | | | | | | | | | | 18,000,909 | |
Capital Markets—2.0% |
| Fortress Investment Group LLC, Class A | *† | | | 804,800 | | | | 2,752,416 | |
| GHL Acquisition Corp. unit | * | | | 59,700 | | | | 628,641 | |
| Greenhill & Co., Inc. | † | | | 17,300 | | | | 1,249,233 | |
| Invesco Ltd. | | | | 177,400 | | | | 3,161,268 | |
| Liberty Acquisition Holdings Corp. unit | * | | | 64,700 | | | | 601,710 | |
| Penson Worldwide, Inc. | *† | | | 137,100 | | | | 1,227,045 | |
| SEI Investments Co. | | | | 334,200 | | | | 6,028,968 | |
| | | | | | | | | | | | | | 15,649,281 | |
Chemicals—1.9% |
| Ecolab, Inc. | | | | 132,800 | | | | 5,177,872 | |
| Intrepid Potash, Inc. | *† | | | 68,700 | | | | 1,929,096 | |
| Nalco Holding Co. | | | | 284,800 | | | | 4,796,032 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) | | | | 24,200 | | | $ | 2,251,810 | |
| Senomyx, Inc. | * | | | 178,823 | | | | 377,316 | |
| | | | | | | | | | | | | | 14,532,126 | |
Commercial Banks—0.8% |
| Signature Bank/New York | * | | | 70,800 | | | | 1,920,096 | |
| SunTrust Banks, Inc. | | | | 176,300 | | | | 2,900,135 | |
| Western Alliance Bancorp | * | | | 195,600 | | | | 1,337,904 | |
| | | | | | | | | | | | | | 6,158,135 | |
Commercial Services & Supplies—2.1% |
| Copart, Inc. | *† | | | 141,500 | | | | 4,905,805 | |
| EnerNOC, Inc. | *† | | | 59,212 | | | | 1,283,124 | |
| Iron Mountain, Inc. | * | | | 72,400 | | | | 2,081,500 | |
| Mobile Mini, Inc. | *† | | | 151,000 | | | | 2,215,170 | |
| Stericycle, Inc. | *† | | | 31,900 | | | | 1,643,807 | |
| Waste Connections, Inc. | * | | | 143,950 | | | | 3,729,745 | |
| | | | | | | | | | | | | | 15,859,151 | |
Communications Equipment—1.1% |
| Blue Coat Systems, Inc. | * | | | 161,900 | | | | 2,677,826 | |
| Juniper Networks, Inc. | * | | | 91,300 | | | | 2,154,680 | |
| Palm, Inc. | *† | | | 226,900 | | | | 3,759,733 | |
| | | | | | | | | | | | | | 8,592,239 | |
Computers & Peripherals—2.6% |
| Dell, Inc. | * | | | 1,279,000 | | | | 17,560,670 | |
| NetApp, Inc. | * | | | 124,200 | | | | 2,449,224 | |
| | | | | | | | | | | | | | 20,009,894 | |
Construction & Engineering—0.9% |
| Quanta Services, Inc. | * | | | 168,900 | | | | 3,906,657 | |
| URS Corp. | * | | | 59,500 | | | | 2,946,440 | |
| | | | | | | | | | | | | | 6,853,097 | |
Construction Materials—1.1% |
| Cemex SAB de CV ADR (Mexico) | *† | | | 721,261 | | | | 6,736,578 | |
| Martin Marietta Materials, Inc. | † | | | 25,900 | | | | 2,042,992 | |
| | | | | | | | | | | | | | 8,779,570 | |
Consumer Finance—0.3% |
| Capital One Financial Corp. | | | | 103,300 | | | | 2,260,204 | |
| | | | | | | | | | | | | | | |
Distributors—0.4% |
| LKQ Corp. | * | | | 166,500 | | | | 2,738,925 | |
Diversified Consumer Services—2.7% |
| American Public Education, Inc. | *† | | | 35,200 | | | | 1,394,272 | |
| Apollo Group, Inc., Class A | * | | | 60,300 | | | | 4,288,536 | |
| Bridgepoint Education, Inc. | * | | | 74,900 | | | | 1,273,300 | |
| Capella Education Co. | *† | | | 79,400 | | | | 4,760,030 | |
| Career Education Corp. | * | | | 93,900 | | | | 2,337,171 | |
| K12, Inc. | *† | | | 145,134 | | | | 3,127,638 | |
| Strayer Education, Inc. | † | | | 15,500 | | | | 3,380,705 | |
| | | | | | | | | | | | | | 20,561,652 | |
Diversified Financial Services—0.5% |
| KKR Financial Holdings LLC | | | | 524,200 | | | | 487,506 | |
| MSCI, Inc., Class A | * | | | 124,200 | | | | 3,035,448 | |
| | | | | | | | | | | | | | 3,522,954 | |
See accompanying notes to financial statements.
162
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Aggressive
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COMMON STOCKS—(Continued) |
Electrical Equipment—0.8% |
| Roper Industries, Inc. | | | | 125,500 | | | $ | 5,686,405 | |
| SunPower Corp., Class A | *† | | | 16,300 | | | | 434,232 | |
| | | | | | | | | | | | | | 6,120,637 | |
Electronic Equipment, Instruments &
Components—0.7% |
| Amphenol Corp., Class A | | | | 77,900 | | | | 2,464,756 | |
| Dolby Laboratories, Inc., Class A | * | | | 48,500 | | | | 1,808,080 | |
| DTS, Inc. | *† | | | 8,600 | | | | 232,802 | |
| National Instruments Corp. | | | | 36,000 | | | | 812,160 | |
| | | | | | | | | | | | | | 5,317,798 | |
Energy Equipment & Services—2.1% |
| Cameron International Corp. | * | | | 121,300 | | | | 3,432,790 | |
| Complete Production Services, Inc. | * | | | 175,500 | | | | 1,116,180 | |
| Exterran Holdings, Inc. | *† | | | 311,300 | | | | 4,993,252 | |
| FMC Technologies, Inc. | *† | | | 126,700 | | | | 4,761,386 | |
| Smith International, Inc. | | | | 24,256 | | | | 624,592 | |
| Weatherford International Ltd. | * | | | 45,400 | | | | 888,024 | |
| | | | | | | | | | | | | | 15,816,224 | |
Food & Staples Retailing—0.1% |
| Pantry, Inc. (The) | * | | | 42,800 | | | | 710,480 | |
Food Products—0.5% |
| Marine Harvest (Norway) | *† | | | 5,676,200 | | | | 3,816,980 | |
Health Care Equipment & Supplies—2.6% |
| Arthrocare Corp. | * | | | 42,400 | | | | 457,920 | |
| Conceptus, Inc. | *† | | | 122,500 | | | | 2,070,250 | |
| Idexx Laboratories, Inc. | *† | | | 27,200 | | | | 1,256,640 | |
| Immucor, Inc. | * | | | 52,587 | | | | 723,597 | |
| Mindray Medical International Ltd. ADR (China) | † | | | 161,450 | | | | 4,507,684 | |
| ResMed, Inc. | * | | | 180,000 | | | | 7,331,400 | |
| Stereotaxis, Inc. | *† | | | 90,100 | | | | 349,588 | |
| Zimmer Holdings, Inc. | * | | | 72,500 | | | | 3,088,500 | |
| | | | | | | | | | | | | | 19,785,579 | |
Health Care Providers & Services—5.1% |
| AMERIGROUP Corp. | *† | | | 161,000 | | | | 4,322,850 | |
| Centene Corp. | * | | | 75,200 | | | | 1,502,496 | |
| Coventry Health Care, Inc. | * | | | 155,150 | | | | 2,902,857 | |
| DaVita, Inc. | * | | | 226,000 | | | | 11,177,960 | |
| Express Scripts, Inc. | * | | | 72,600 | | | | 4,991,250 | |
| Healthways, Inc. | * | | | 73,085 | | | | 982,993 | |
| Henry Schein, Inc. | *† | | | 92,000 | | | | 4,411,400 | |
| Humana, Inc. | * | | | 49,700 | | | | 1,603,322 | |
| Laboratory Corp. of America Holdings | * | | | 40,300 | | | | 2,731,937 | |
| WellPoint, Inc. | * | | | 92,300 | | | | 4,697,147 | |
| | | | | | | | | | | | | | 39,324,212 | |
Health Care Technology—0.4% |
| Eclipsys Corp. | * | | | 70,300 | | | | 1,249,934 | |
| MedAssets, Inc. | *† | | | 96,500 | | | | 1,876,925 | |
| | | | | | | | | | | | | | 3,126,859 | |
Hotels, Restaurants & Leisure—3.3% |
| Chipotle Mexican Grill, Inc., Class B | * | | | 23,800 | | | | 1,661,002 | |
| International Game Technology | | | | 285,700 | | | | 4,542,630 | |
| Marriott International, Inc., Class A | † | | | 261,963 | | | $ | 5,781,525 | |
| P.F. Chang’s China Bistro, Inc. | *† | | | 115,800 | | | | 3,712,548 | |
| Panera Bread Co., Class A | *† | | | 65,200 | | | | 3,250,872 | |
| WMS Industries, Inc. | * | | | 16,600 | | | | 523,066 | |
| Yum! Brands, Inc. | | | | 178,000 | | | | 5,934,520 | |
| | | | | | | | | | | | | | 25,406,163 | |
Household Durables—0.7% |
| Lennar Corp., Class A | | | | 541,300 | | | | 5,245,197 | |
Household Products—0.3% |
| Church & Dwight Co., Inc. | | | | 39,000 | | | | 2,118,090 | |
Independent Power Producers & Energy Traders—0.4% |
| Calpine Corp. | * | | | 291,500 | | | | 3,250,225 | |
Industrial Conglomerates—0.8% |
| Koninklijke Philips Electronics NV NYRS (Netherlands) | | | | 323,000 | | | | 5,949,660 | |
Insurance—9.3% |
| Aflac, Inc. | | | | 104,100 | | | | 3,236,469 | |
| AON Corp. | | | | 224,200 | | | | 8,490,454 | |
| Assured Guaranty Ltd. (Bermuda) | † | | | 586,600 | | | | 7,262,108 | |
| Berkshire Hathaway, Inc., Class A | * | | | 71 | | | | 6,390,000 | |
| eHealth, Inc. | *† | | | 28,200 | | | | 498,012 | |
| Fairfax Financial Holdings Ltd. (Canada) | | | | 47,000 | | | | 11,726,030 | |
| Genworth Financial, Inc., Class A | | | | 413,300 | | | | 2,888,967 | |
| IPC Holdings Ltd. (Bermuda) | | | | 119,200 | | | | 3,258,928 | |
| Markel Corp. | *† | | | 8,100 | | | | 2,281,770 | |
| Nipponkoa Insurance Co., Ltd. (Japan) | | | | 1,260,000 | | | | 7,330,468 | |
| Principal Financial Group, Inc. | | | | 117,200 | | | | 2,208,048 | |
| Prudential Financial, Inc. | | | | 120,900 | | | | 4,499,898 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 114,200 | | | | 5,314,868 | |
| Syncora Holdings Ltd. (Bermuda) | *† | | | 626,661 | | | | 169,198 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 526,000 | | | | 6,027,960 | |
| | | | | | | | | | | | | | 71,583,178 | |
Internet & Catalog Retail—0.9% |
| Expedia, Inc. | * | | | 235,032 | | | | 3,551,333 | |
| Liberty Media Corp.— Interactive, Series A | * | | | 671,275 | | | | 3,363,088 | |
| | | | | | | | | | | | | | 6,914,421 | |
Internet Software & Services—3.3% |
| DealerTrack Holdings, Inc. | *† | | | 242,400 | | | | 4,120,800 | |
| Digital River, Inc. | * | | | 61,300 | | | | 2,226,416 | |
| eBay, Inc. | * | | | 327,500 | | | | 5,610,075 | |
| MercadoLibre, Inc. (Argentina) | *† | | | 150,700 | | | | 4,050,816 | |
| Omniture, Inc. | *† | | | 214,500 | | | | 2,694,120 | |
| OpenTable, Inc. | *† | | | 8,000 | | | | 241,360 | |
| Rackspace Hosting, Inc. | *† | | | 225,100 | | | | 3,119,886 | |
| SkillSoft plc ADR | * | | | 150,800 | | | | 1,176,240 | |
| VeriSign, Inc. | *† | | | 100,000 | | | | 1,848,000 | |
| | | | | | | | | | | | | | 25,087,713 | |
IT Services—5.5% |
| Alliance Data Systems Corp. | *† | | | 86,900 | | | | 3,579,411 | |
| Amdocs Ltd. (Guernsey, Channel Islands) | * | | | 315,700 | | | | 6,771,765 | |
|
See accompanying notes to financial statements.
163
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Aggressive
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COMMON STOCKS—(Continued) |
| Euronet Worldwide, Inc. | *† | | | 190,150 | | | $ | 3,687,009 | |
| Global Payments, Inc. | | | | 248,100 | | | | 9,293,826 | |
| Heartland Payment Systems, Inc. | | | | 79,048 | | | | 756,489 | |
| NeuStar, Inc., Class A | * | | | 402,500 | | | | 8,919,400 | |
| Paychex, Inc. | | | | 237,900 | | | | 5,995,080 | |
| RightNow Technologies, Inc. | *† | | | 289,800 | | | | 3,419,640 | |
| | | | | | | | | | | | | | 42,422,620 | |
Leisure Equipment & Products—0.3% |
| Pool Corp. | † | | | 149,900 | | | | 2,482,344 | |
Life Sciences Tools & Services—0.8% |
| Affymetrix, Inc. | *† | | | 146,700 | | | | 869,931 | |
| Exelixis, Inc. | * | | | 305,900 | | | | 1,489,733 | |
| Illumina, Inc. | *† | | | 88,400 | | | | 3,442,296 | |
| | | | | | | | | | | | | | 5,801,960 | |
Machinery—2.9% |
| Actuant Corp., Class A | | | | 270,700 | | | | 3,302,540 | |
| Colfax Corp. | * | | | 78,700 | | | | 607,564 | |
| Harsco Corp. | | | | 79,400 | | | | 2,247,020 | |
| Ingersoll-Rand Co., Ltd., Class A (Bermuda) | *† | | | 379,000 | | | | 7,921,100 | |
| Kennametal, Inc. | | | | 225,200 | | | | 4,319,336 | |
| PACCAR, Inc. | † | | | 58,700 | | | | 1,908,337 | |
| Parker Hannifin Corp. | | | | 45,000 | | | | 1,933,200 | |
| | | | | | | | | | | | | | 22,239,097 | |
Media—6.5% |
| DIRECTV Group, Inc. (The) | *† | | | 447,000 | | | | 11,045,370 | |
| Discovery Communications, Inc., Series C | * | | | 280,500 | | | | 5,758,665 | |
| Lamar Advertising Co., Class A | *† | | | 89,700 | | | | 1,369,719 | |
| Liberty Media Corp.— Entertainment, Series A | * | | | 451,820 | | | | 12,086,185 | |
| National CineMedia, Inc. | | | | 147,500 | | | | 2,029,600 | |
| Virgin Media, Inc. | † | | | 421,200 | | | | 3,938,220 | |
| Walt Disney Co. (The) | | | | 568,000 | | | | 13,251,440 | |
| | | | | | | | | | | | | | 49,479,199 | |
Metals & Mining—0.4% |
| United States Steel Corp. | † | | | 82,500 | | | | 2,948,550 | |
Multiline Retail—0.5% |
| J.C. Penney Co., Inc. | | | | 130,600 | | | | 3,749,526 | |
Oil, Gas & Consumable Fuels—4.4% |
| Bill Barrett Corp. | * | | | 69,600 | | | | 1,911,216 | |
| Chesapeake Energy Corp. | | | | 585,000 | | | | 11,600,550 | |
| Cimarex Energy Co. | † | | | 127,100 | | | | 3,602,014 | |
| Concho Resources, Inc. | * | | | 35,100 | | | | 1,007,019 | |
| Denbury Resources, Inc. | * | | | 220,500 | | | | 3,247,965 | |
| Encore Acquisition Co. | * | | | 67,799 | | | | 2,091,599 | |
| Forest Oil Corp. | *† | | | 126,900 | | | | 1,893,348 | |
| PetroHawk Energy Corp. | * | | | 97,800 | | | | 2,180,940 | |
| Range Resources Corp. | † | | | 79,700 | | | | 3,300,377 | |
| Ultra Petroleum Corp. | * | | | 76,800 | | | | 2,995,200 | |
| | | | | | | | | | | | | | 33,830,228 | |
Personal Products—0.5% |
Herbalife Ltd.
(Cayman Islands) | | | | 112,300 | | | | 3,541,942 | |
Pharmaceuticals—1.0% |
| Perrigo Co. | † | | | 66,200 | | | | 1,839,036 | |
Shire plc ADR
(United Kingdom) | † | | | 107,600 | | | $ | 4,463,248 | |
| XenoPort, Inc. | *† | | | 52,869 | | | | 1,224,975 | |
| | | | | | | | | | | | | | 7,527,259 | |
Professional Services—2.1% |
| Administaff, Inc. | † | | | 59,919 | | | | 1,394,315 | |
| Advisory Board Co. (The) | * | | | 65,400 | | | | 1,680,780 | |
| Dun & Bradstreet Corp. | | | | 40,400 | | | | 3,280,884 | |
| Huron Consulting Group, Inc. | *† | | | 64,700 | | | | 2,991,081 | |
| Korn/Ferry International | *† | | | 287,700 | | | | 3,061,128 | |
| Resources Connection, Inc. | * | | | 158,000 | | | | 2,712,860 | |
| School Specialty, Inc. | *† | | | 39,509 | | | | 798,477 | |
| | | | | | | | | | | | | | 15,919,525 | |
Real Estate Investment Trusts (REITs)—1.3% |
| Chimera Investment Corp. REIT | | | | 723,100 | | | | 2,523,619 | |
| Hatteras Financial Corp. REIT | † | | | 270,075 | | | | 7,721,444 | |
| | | | | | | | | | | | | | 10,245,063 | |
Real Estate Management & Development—0.2% |
| St. Joe Co. (The) | *† | | | 63,400 | | | | 1,679,466 | |
Road & Rail—0.4% |
| Norfolk Southern Corp. | | | | 77,800 | | | | 2,930,726 | |
Semiconductors & Semiconductor Equipment—4.7% |
| Altera Corp. | † | | | 110,200 | | | | 1,794,056 | |
| Analog Devices, Inc. | | | | 160,600 | | | | 3,979,668 | |
| ASML Holding NV NYRS (Netherlands) | | | | 127,500 | | | | 2,760,375 | |
| Broadcom Corp., Class A | * | | | 99,500 | | | | 2,466,605 | |
| Cavium Networks, Inc. | *† | | | 57,400 | | | | 964,894 | |
| FEI Co. | *† | | | 146,400 | | | | 3,352,560 | |
| Intersil Corp., Class A | | | | 135,500 | | | | 1,703,235 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 307,400 | | | | 3,578,136 | |
| Micron Technology, Inc. | * | | | 762,100 | | | | 3,856,226 | |
| National Semiconductor Corp. | † | | | 373,700 | | | | 4,689,935 | |
| PMC—Sierra, Inc. | * | | | 279,000 | | | | 2,220,840 | |
| Semtech Corp. | * | | | 114,700 | | | | 1,824,877 | |
| Silicon Laboratories, Inc. | *† | | | 81,000 | | | | 3,073,140 | |
| | | | | | | | | | | | | | 36,264,547 | |
Software—4.2% |
| Adobe Systems, Inc. | * | | | 103,700 | | | | 2,934,710 | |
| Ariba, Inc. | *† | | | 70,400 | | | | 692,736 | |
| Blackboard, Inc. | *† | | | 63,900 | | | | 1,844,154 | |
| Bottomline Technologies, Inc. | * | | | 75,700 | | | | 682,057 | |
| CA, Inc. | | | | 193,000 | | | | 3,363,990 | |
| Concur Technologies, Inc. | *† | | | 35,000 | | | | 1,087,800 | |
| Factset Research Systems, Inc. | † | | | 117,215 | | | | 5,845,512 | |
| Macrovision Solutions Corp. | * | | | 106,100 | | | | 2,314,041 | |
| Red Hat, Inc. | * | | | 273,100 | | | | 5,497,503 | |
| Take-Two Interactive Software, Inc. | *† | | | 435,700 | | | | 4,126,079 | |
| Taleo Corp., Class A | * | | | 175,500 | | | | 3,206,385 | |
| Ultimate Software Group, Inc. | *† | | | 40,800 | | | | 988,992 | |
| | | | | | | | | | | | | | 32,583,959 | |
Specialty Retail—1.6% |
| A.C. Moore Arts & Crafts, Inc. | * | | | 93,200 | | | | 350,432 | |
| AnnTaylor Stores Corp. | *† | | | 189,600 | | | | 1,513,008 | |
| Christopher & Banks Corp. | | | | 137,600 | | | | 923,296 | |
| J. Crew Group, Inc. | *† | | | 46,800 | | | | 1,264,536 | |
| O’Reilly Automotive, Inc. | *† | | | 127,900 | | | | 4,870,432 | |
| Tiffany & Co. | † | | | 86,900 | | | | 2,203,784 | |
|
See accompanying notes to financial statements.
164
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Aggressive
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|---|
COMMON STOCKS—(Continued) |
| Zumiez, Inc. | *† | | | 145,400 | | | $ | 1,164,654 | |
| | | | | | | | | | | | | | 12,290,142 | |
Thrifts & Mortgage Finance—0.1% |
| Radian Group, Inc. | | | | 322,100 | | | | 876,112 | |
Trading Companies & Distributors—0.5% |
| Fastenal Co. | † | | | 63,600 | | | | 2,109,612 | |
| Interline Brands, Inc. | * | | | 144,900 | | | | 1,982,232 | |
| | | | | | | | | | | | | | 4,091,844 | |
Wireless Telecommunication Services—3.2% |
| American Tower Corp., Class A | * | | | 295,800 | | | | 9,326,574 | |
| NII Holdings, Inc. | * | | | 275,245 | | | | 5,248,922 | |
| SBA Communications Corp., Class A | *† | | | 283,200 | | | | 6,949,728 | |
| Sprint Nextel Corp. | * | | | 586,400 | | | | 2,820,584 | |
| | | | | | | | | | | | | | 24,345,808 | |
TOTAL COMMON STOCKS |
| (Cost $775,010,949) | | | | | | 729,925,357 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
CORPORATE OBLIGATIONS—0.0% |
Capital Markets—0.0% |
| Downey Financial Corp. | | | |
| 6.500% | | | | 07/01/2014 | | 5 | | | | | | | | |
| (Cost $3,130,390) | | | $ | 4,409,000 | | | | 441 | |
| |
|
|
|
| Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—28.1% |
Institutional Money Market Funds—27.7% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 32,793,765 | | | | 32,793,765 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 66,696,342 | | | | 66,696,342 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 22,422,888 | | | | 22,422,888 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 28,800,000 | | | | 28,800,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 61,200,000 | | | | 61,200,000 | |
| | | | | | | | | 211,912,995 | |
|
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
Medium Term Note—0.4% |
| Toyota Motor Credit Corp. |
| 0.670% | | | | 08/05/2009 | | #†† | | $ | 2,981,099 | | | $ | 2,981,099 | |
TOTAL CASH EQUIVALENTS |
| (Cost $214,894,094) | | | | | | 214,894,094 | |
TOTAL INVESTMENTS—123.4% | | | |
| (Cost $993,035,433) | | 944,819,892 | |
| Other assets less liabilities—(23.4%) | | (179,391,146 | ) |
NET ASSETS—100.0% | $ | 765,428,746 | |
| Notes to the Schedule of Investments: | |
|---|
| ADR | | | | American Depositary Receipt |
| NYRS | | | | New York Registry Shares |
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| 5 | | | | Security in default. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
See accompanying notes to financial statements.
165
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
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COMMON STOCKS—46.3% |
Aerospace & Defense—0.9% | | | | | | | |
| Allen-Vanguard Corp. (Canada) | * | | | 309,200 | | | $ | 33,229 | |
| Ceradyne, Inc. | *† | | | 25,000 | | | | 441,500 | |
| Cubic Corp. | | | | 19,000 | | | | 680,010 | |
| | | | | | | | | | | | | | | | | | 1,154,739 | |
Biotechnology—1.8% | | | | | | | |
| Arena Pharmaceuticals, Inc. | *† | | | 170,800 | | | | 852,292 | |
| Incyte Corp. Ltd. | *† | | | 163,900 | | | | 539,231 | |
| Rigel Pharmaceuticals, Inc. | *† | | | 86,400 | | | | 1,047,168 | |
| | | | | | | | | | | | | | | | | | 2,438,691 | |
Building Products—0.7% | | | | | | | |
| Ameron International Corp. | | | | 13,000 | | | | 871,520 | |
Capital Markets—1.9% | | | | | | | |
| Duff & Phelps Corp., Class A | † | | | 37,100 | | | | 659,638 | |
| Gluskin Sheff + Associates, Inc. (Canada) | | | | 44,700 | | | | 618,725 | |
| Prospect Capital Corp. | † | | | 79,600 | | | | 732,320 | |
| Uranium Participation Corp. (Canada) | * | | | 91,100 | | | | 584,281 | |
| | | | | | | | | | | | | | | | | | 2,594,964 | |
Commercial Services & Supplies—0.4% |
| GeoEye, Inc. | *† | | | 23,000 | | | | 541,880 | |
Communications Equipment—3.0% |
| Arris Group, Inc. | *† | | | 45,500 | | | | 553,280 | |
| Brocade Communications Systems, Inc. | * | | | 91,400 | | | | 714,748 | |
| Emulex Corp. | *† | | | 61,300 | | | | 599,514 | |
| NETGEAR, Inc. | * | | | 43,000 | | | | 619,630 | |
| Parkervision, Inc. | *† | | | 111,713 | | | | 341,842 | |
| SeaChange International, Inc. | * | | | 85,900 | | | | 689,777 | |
| Tellabs, Inc. | * | | | 98,000 | | | | 561,540 | |
| | | | | | | | | | | | | | | | | | 4,080,331 | |
Computers & Peripherals—0.9% |
| Imation Corp. | | | | 81,900 | | | | 623,259 | |
| Novatel Wireless, Inc. | * | | | 69,900 | | | | 630,498 | |
| | | | | | | | | | | | | | | | | | 1,253,757 | |
Construction & Engineering—0.4% |
| EMCOR Group, Inc. | * | | | 29,000 | | | | 583,480 | |
Consumer Finance—0.9% | | | | | | | |
| Dollar Financial Corp. | *† | | | 49,100 | | | | 677,089 | |
| World Acceptance Corp. | *† | | | 29,450 | | | | 586,349 | |
| | | | | | | | | | | | | | | | | | 1,263,438 | |
Containers & Packaging—0.5% |
| AptarGroup, Inc. | † | | | 20,500 | | | | 692,285 | |
Diversified Consumer Services—0.5% |
| Regis Corp. | | | | 40,400 | | | | 703,364 | |
Electric Utilities—1.6% | | | | | | | |
| Portland General Electric Co. | | | | 38,100 | | | | 742,188 | |
| Unisource Energy Corp. | | | | 27,500 | | | | 729,850 | |
| Westar Energy, Inc. | | | | 38,000 | | | | 713,260 | |
| | | | | | | | | | | | | | | | | | 2,185,298 | |
Electronic Equipment, Instruments &
Components—1.9% |
| OSI Systems, Inc. | * | | | 39,000 | | | $ | 813,150 | |
| Park Electrochemical Corp. | † | | | 29,900 | | | | 643,747 | |
| Trimble Navigation Ltd. | * | | | 29,500 | | | | 579,085 | |
| TTM Technologies, Inc. | * | | | 70,600 | | | | 561,976 | |
| | | | | | | | | | | | | | | | | | 2,597,958 | |
Food Products—2.3% | | | | | | | |
| Cosan SA Industria e Comercio (Brazil) | * | | | 84,300 | | | | 618,645 | |
| Flowers Foods, Inc. | † | | | 33,500 | | | | 731,640 | |
| Genting Plantations Berhad (Malaysia) | | | | 282,000 | | | | 440,145 | |
| Lance, Inc. | | | | 31,100 | | | | 719,343 | |
| Viterra, Inc. (Canada) | * | | | 61,000 | | | | 529,682 | |
| | | | | | | | | | | | | | | | | | 3,039,455 | |
Health Care Equipment & Supplies—0.7% |
| ICU Medical, Inc. | * | | | 4,200 | | | | 172,830 | |
| Quidel Corp. | *† | | | 54,500 | | | | 793,520 | |
| | | | | | | | | | | | | | | | | | 966,350 | |
Health Care Providers & Services—3.2% |
| Amsurg Corp. | * | | | 37,700 | | | | 808,288 | |
| Centene Corp. | * | | | 37,000 | | | | 739,260 | |
| LHC Group, Inc. | * | | | 30,000 | | | | 666,300 | |
| Mednax, Inc. | * | | | 17,000 | | | | 716,210 | |
| Odyssey HealthCare, Inc. | *† | | | 66,700 | | | | 685,676 | |
| Res-Care, Inc. | * | | | 47,500 | | | | 679,250 | |
| | | | | | | | | | | | | | | | | | 4,294,984 | |
Hotels, Restaurants & Leisure—0.1% |
| Thunderbird Resorts, Inc. (Panama) | * | | | 115,700 | | | | 161,980 | |
Industrial Conglomerates—0.4% |
| Carlisle Cos., Inc. | | | | 24,000 | | | | 576,960 | |
Insurance—0.5% | | | | | | | |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 23,500 | | | | 671,865 | |
Internet & Catalog Retail—0.4% |
| Shutterfly, Inc. | *† | | | 38,900 | | | | 542,655 | |
Internet Software & Services—0.8% |
| Akamai Technologies, Inc. | *† | | | 22,000 | | | | 421,960 | |
| Knot, Inc. (The) | *† | | | 88,100 | | | | 694,228 | |
| | | | | | | | | | | | | | | | | | 1,116,188 | |
IT Services—1.5% | | | | | | | |
| Integral Systems, Inc. | * | | | 26,036 | | | | 216,619 | |
| Mantech International Corp., Class A | * | | | 15,900 | | | | 684,336 | |
| MAXIMUS, Inc. | | | | 13,500 | | | | 556,875 | |
| SRA International, Inc., Class A | *† | | | 34,800 | | | | 611,088 | |
| | | | | | | | | | | | | | | | | | 2,068,918 | |
Machinery—1.6% | | | | | | | |
| CIRCOR International, Inc. | | | | 18,543 | | | | 437,800 | |
| Crane Co. | | | | 22,000 | | | | 490,820 | |
| Force Protection, Inc. | * | | | 68,400 | | | | 604,656 | |
| Terex Corp. | * | | | 51,000 | | | | 615,570 | |
| | | | | | | | | | | | | | | | | | 2,148,846 | |
See accompanying notes to financial statements.
166
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Discovery Fund
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|---|
COMMON STOCKS—(Continued) |
Marine—0.5% | | | | | | | |
| Kirby Corp. | * | | | 21,000 | | | $ | 667,590 | |
Metals & Mining—2.8% | | | | | | | |
| AMCOL International Corp. | | | | 21,000 | | | | 453,180 | |
| Carpenter Technology Corp. | | | | 26,400 | | | | 549,384 | |
| Jaguar Mining, Inc. | * | | | 70,000 | | | | 530,600 | |
| New Gold, Inc. (Canada) | * | | | 280,700 | | | | 749,469 | |
| Silvercorp Metals, Inc. (Canada) | | | | 237,000 | | | | 827,254 | |
| Universal Stainless & Alloy Products, Inc. | *† | | | 42,500 | | | | 691,475 | |
| | | | | | | | | | | | | | | | | | 3,801,362 | |
Multiline Retail—0.3% | | | | | | | |
| Retail Ventures, Inc. | *† | | | 161,685 | | | | 352,473 | |
Office Electronics—0.5% | | | | | | | |
| Zebra Technologies Corp., Class A | * | | | 29,500 | | | | 697,970 | |
Oil, Gas & Consumable Fuels—2.7% |
| BPZ Resources, Inc. | *† | | | 138,800 | | | | 678,732 | |
| Cimarex Energy Co. | † | | | 18,500 | | | | 524,290 | |
| Infinity Bio-Energy Ltd. (United Kingdom) | *‡δ | | | 146,765 | | | | — | |
| Oilsands Quest, Inc. (Canada) | *† | | | 597,500 | | | | 573,600 | |
| Rentech, Inc. | *† | | | 800,000 | | | | 456,000 | |
| Rosetta Resources, Inc. | * | | | 37,500 | | | | 328,125 | |
| W&T Offshore, Inc. | † | | | 73,000 | | | | 711,020 | |
| Whiting Petroleum Corp. | * | | | 11,500 | | | | 404,340 | |
| | | | | | | | | | | | | | | | | | 3,676,107 | |
Personal Products—0.5% | | | | | | | |
| NBTY, Inc. | * | | | 26,000 | | | | 731,120 | |
Pharmaceuticals—1.1% | | | | | | | |
| King Pharmaceuticals, Inc. | * | | | 73,500 | | | | 707,805 | |
| Medicines Co. (The) | *† | | | 85,800 | | | | 719,862 | |
| | | | | | | | | | | | | | | | | | 1,427,667 | |
Professional Services—0.6% | | | | | | | |
| CRA International, Inc. | *† | | | 28,500 | | | | 791,160 | |
Real Estate Investment Trusts (REITs)—3.8% |
| American Campus Communities, Inc. REIT | | | | 28,500 | | | | 632,130 | |
| Anworth Mortgage Asset Corp. REIT | | | | 117,700 | | | | 848,617 | |
| Capstead Mortgage Corp. REIT | | | | 61,400 | | | | 780,394 | |
| Cogdell Spencer, Inc. REIT | | | | 140,200 | | | | 601,458 | |
| Hatteras Financial Corp. REIT | † | | | 30,000 | | | | 857,700 | |
| Investors Real Estate Trust REIT | | | | 67,200 | | | | 597,408 | |
| MFA Financial, Inc. REIT | | | | 124,200 | | | | 859,464 | |
| | | | | | | | | | | | | | | | | | 5,177,171 | |
Real Estate Management & Development—0.7% |
| Brasil Brokers Participacoes SA (Brazil) | | | | 300,800 | | | | 432,894 | |
| General Shopping Brasil SA (Brazil) | * | | | 85,000 | | | | 166,139 | |
| Grubb & Ellis Co. | † | | | 486,500 | | | | 389,200 | |
| | | | | | | | | | | | | | | | | | 988,233 | |
Semiconductors & Semiconductor Equipment—0.4% |
| DSP Group, Inc. | * | | | 86,800 | | | $ | 586,768 | |
Software—0.9% | | | | | | | |
| Ariba, Inc. | *† | | | 56,600 | | | | 556,944 | |
| JDA Software Group, Inc. | * | | | 45,300 | | | | 677,688 | |
| | | | | | | | | | | | | | | | | | 1,234,632 | |
Specialty Retail—1.3% | | | | | | | |
| Cato Corp. (The), Class A | | | | 30,800 | | | | 537,152 | |
| DSW, Inc., Class A | *† | | | 70,900 | | | | 698,365 | |
| OfficeMax, Inc. | † | | | 79,610 | | | | 499,951 | |
| | | | | | | | | | | | | | | | | | 1,735,468 | |
Textiles, Apparel & Luxury Goods—0.4% |
| Gildan Activewear, Inc., Class A (Canada) | *† | | | 31,700 | | | | 469,160 | |
Trading Companies & Distributors—2.5% |
| Applied Industrial Technologies, Inc. | † | | | 34,500 | | | | 679,650 | |
| H&E Equipment Services, Inc. | * | | | 80,000 | | | | 748,000 | |
| RSC Holdings, Inc. | *† | | | 94,000 | | | | 631,680 | |
| TAL International Group, Inc. | † | | | 63,953 | | | | 697,088 | |
| Textainer Group Holdings Ltd. (Bermuda) | | | | 52,700 | | | | 605,523 | |
| | | | | | | | | | | | | | | | | | 3,361,941 | |
Water Utilities—0.4% | | | | | | | |
| Companhia de Saneamento de Minas Gerais-Copasa MG (Brazil) | | | | 45,500 | | | | 589,561 | |
TOTAL COMMON STOCKS | | | | | | | |
| (Cost $63,304,829) | | | | | | | | | | 62,838,289 | |
| |
CONVERTIBLE PREFERRED STOCKS—0.5% |
Leisure Equipment & Products—0.5% |
| Callaway Golf Co., Perpetual, Series B | *ˆ | | | | | | | | |
| (Cost $686,930) | | | | 6,900 | | | | 635,662 | |
| |
RIGHTS—0.0% |
Real Estate Management & Development—0.0% | | | | | | | |
| Brasil Brokers Participacoes SA (Brazil), Expires 07/20/2009, Strike BRL 15.63 | *‡ | | | | | | | | |
| (Cost $—) | | | | 1,201 | | | | 6 | |
| |
WARRANTS—0.1% |
Oil, Gas & Consumable Fuels—0.1% |
| Oilsands Quest, Inc., Expires 05/12/2011, Strike $1.10 | * | | | | | | | | |
| (Cost $—) | | | | 163,100 | | | | 66,871 | |
| |
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—18.4% |
Banks—1.2% | | | |
| Bank of America Corp. | | | |
| 4.375% | 12/01/2010 | | | | $ | 430,000 | | | | 431,248 | |
| Goldman Sachs Group, Inc. (The) MTN | | | |
| 6.000% | 05/01/2014 | | | | | 301,000 | | | | 314,469 | |
|
See accompanying notes to financial statements.
167
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| JPMorgan Chase & Co. | | | |
| 6.750% | 02/01/2011 | | | | $ | 430,000 | | | $ | 449,716 | |
| Morgan Stanley | | | |
| 6.000% | 05/13/2014 | | | | | 200,000 | | | | 202,705 | |
| Morgan Stanley, Series F MTN | | | |
| 3.006% | 05/14/2010 | | # | | | 200,000 | | | | 199,468 | |
| | | | | | | | | | | | | | | | 1,597,606 | |
Beverages—0.2% | | | |
| Bottling Group LLC | | | |
| 6.950% | 03/15/2014 | | | | | 250,000 | | | | 285,434 | |
Biotechnology—0.5% | | | |
| Amgen, Inc. | | | |
| 4.000% | 11/18/2009 | | | | | 690,000 | | | | 699,427 | |
Capital Markets—0.5% | | | |
| Bank of New York Mellon Corp. (The) | | | |
| 4.300% | 05/15/2014 | | | | | 430,000 | | | | 437,409 | |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | 01/20/2012 | | ˆ | | | 300,000 | | | | 301,932 | |
| | | | | | | | | | | | | | | | 739,341 | |
Commercial Banks—1.8% | | | |
| Commonwealth Bank of Australia (Australia) | | | |
| 2.400% | 01/12/2012 | | ˆ† | | | 300,000 | | | | 301,336 | |
| National Australia Bank Ltd. (Australia) | | | |
| 2.550% | 01/13/2012 | | ˆ† | | | 300,000 | | | | 302,287 | |
| Toronto-Dominion Bank (The) MTN (Canada) | | | |
| 2.081% | 09/10/2010 | | # | | | EUR 300,000 | | | | 420,503 | |
| US Bancorp | | | |
| 4.200% | 05/15/2014 | | | | | 500,000 | | | | 506,203 | |
| US Bancorp MTN | | | |
| 1.407% | 05/06/2010 | | # | | | 400,000 | | | | 401,122 | |
| Wells Fargo & Co. | | | |
| 5.300% | 08/26/2011 | | | | | 430,000 | | | | 454,917 | |
| | | | | | | | | | | | | | | | 2,386,368 | |
Communications Equipment—0.3% | | | |
| Cisco Systems, Inc. | | | |
| 5.250% | 02/22/2011 | | | | | 400,000 | | | | 421,941 | |
Computers & Peripherals—0.6% | | | |
| Hewlett-Packard Co. | | | |
| 4.250% | 02/24/2012 | | | | | 150,000 | | | | 156,659 | |
| 2.250% | 05/27/2011 | | | | | 300,000 | | | | 301,052 | |
| International Business Machines Corp. | | | |
| 4.950% | 03/22/2011 | | | | | 400,000 | | | | 421,302 | |
| | | | | | | | | | | | | | | | 879,013 | |
Consumer Finance—0.5% | | | |
| Caterpillar Financial Services Corp. MTN | | | |
| 5.750% | 02/15/2012 | | † | | | 275,000 | | | | 288,163 | |
| John Deere Capital Corp., Series D MTN | | | |
| 1.807% | 01/18/2011 | | # | | | 430,000 | | | | 427,360 | |
| | | | | | | | | | | | | | | | 715,523 | |
Diversified Financial Services—1.0% | | | |
| BP Capital Markets plc (United Kingdom) | | | |
| 5.250% | 11/07/2013 | | | | | 250,000 | | | | 268,588 | |
| 3.625% | 05/08/2014 | | | | | 400,000 | | | | 399,370 | |
| General Electric Capital Corp. | | | |
| 5.900% | 05/13/2014 | | | | $ | 260,000 | | | $ | 265,650 | |
| National Rural Utilities Cooperative Finance Corp. | | | |
| 5.750% | 08/28/2009 | | | | | 450,000 | | | | 452,972 | |
| | | | | | | | | | | | | | | | 1,386,580 | |
Diversified Telecommunication Services—1.6% |
| BellSouth Corp. | | | |
| 4.200% | 09/15/2009 | | | | | 700,000 | | | | 703,796 | |
| Deutsche Telekom International Finance BV (Netherlands) | | | |
| 5.375% | 03/23/2011 | | | | | 400,000 | | | | 416,445 | |
| Telstra Corp. Ltd. MTN (Australia) | | | |
| 6.375% | 06/29/2011 | | EUR 420,000 | | | | 626,390 | |
| Verizon Global Funding Corp. | | | |
| 7.250% | 12/01/2010 | | | | | 400,000 | | | | 426,040 | |
| | | | | | | | | | | | | | | | 2,172,671 | |
Electric Utilities—1.7% | | | |
| Alabama Power Co., Series HH | | | |
| 5.100% | 02/01/2011 | | | | | 265,000 | | | | 276,386 | |
| American Electric Power Co., Inc., Series C | | | |
| 5.375% | 03/15/2010 | | | | | 400,000 | | | | 409,226 | |
| Duke Energy Carolinas LLC | | | |
| 6.250% | 01/15/2012 | | | | | 400,000 | | | | 430,402 | |
| Exelon Corp. | | | |
| 6.750% | 05/01/2011 | | | | | 260,000 | | | | 271,495 | |
| Exelon Generation Co. LLC | | | |
| 6.950% | 06/15/2011 | | | | | 155,000 | | | | 164,212 | |
| FPL Group Capital, Inc. | | | |
| 5.625% | 09/01/2011 | | | | | 280,000 | | | | 299,460 | |
| Pacific Gas & Electric Co. | | | |
| 1.598% | 06/10/2010 | | # | | | 400,000 | | | | 402,087 | |
| | | | | | | | | | | | | | | | 2,253,268 | |
Food Products—1.0% | | | |
| Campbell Soup Co. | | | |
| 6.750% | 02/15/2011 | | | | | 485,000 | | | | 524,912 | |
| Kellogg Co., Series B | | | |
| 6.600% | 04/01/2011 | | | | | 400,000 | | | | 428,759 | |
| Unilever Capital Corp. | | | |
| 7.125% | 11/01/2010 | | | | | 410,000 | | | | 437,902 | |
| | | | | | | | | | | | | | | | 1,391,573 | |
Health Care Providers & Services—0.5% | | | |
| Express Scripts, Inc. | | | |
| 5.250% | 06/15/2012 | | | | | 350,000 | | | | 361,849 | |
| UnitedHealth Group, Inc. | | | |
| 5.250% | 03/15/2011 | | | | | 300,000 | | �� | | 309,736 | |
| | | | | | | | | | | | | | | | 671,585 | |
Hotels, Restaurants & Leisure—0.3% | | | |
| McDonald’s Corp., Series G MTN | | | |
| 5.750% | 03/01/2012 | | | | | 400,000 | | | | 434,080 | |
Household Products—0.1% | | | |
| Procter & Gamble Co. (The) | | | |
| 3.500% | 02/15/2015 | | | | | 100,000 | | | | 101,050 | |
Industrial Conglomerates—0.4% | | | |
| 3M Co., Series E MTN | | | | | | | |
| 4.500% | 11/01/2011 | | | | | 450,000 | | | | 478,671 | |
See accompanying notes to financial statements.
168
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Insurance—0.8% | | | |
| Allstate Corp. (The) | | | | | | | |
| 6.200% | 05/16/2014 | | | | $ | 300,000 | | | $ | 314,990 | |
| Berkshire Hathaway Finance Corp. | | | |
| 4.200% | 12/15/2010 | | | | | 400,000 | | | | 412,538 | |
| 4.000% | 04/15/2012 | | ˆ | | | 150,000 | | | | 155,126 | |
| Metropolitan Life Global Funding I | | | |
| 1.358% | 06/25/2010 | | #ˆ | | | 250,000 | | | | 249,230 | |
| | | | | | | | | | | | | | | | 1,131,884 | |
Machinery—0.2% | | | |
| Ingersoll-Rand Global Holding Co., Ltd. (Bermuda) | | | |
| 2.420% | 08/13/2010 | | # | | | 300,000 | | | | 292,977 | |
| | | | | | | | | | | | | | | | | | | | | | | |
Media—0.8% | | | |
| Comcast Corp. | | | | | | | |
| 5.450% | 11/15/2010 | | | | | 720,000 | | | | 748,897 | |
| Time Warner, Inc. | | | | | | | |
| 1.150% | 11/13/2009 | | # | | | 300,000 | | | | 299,311 | |
| | | | | | | | | | | | | | | | 1,048,208 | |
Multiline Retail—0.4% | | | |
| Costco Wholesale Corp. | | | | | | | |
| 5.300% | 03/15/2012 | | | | | 300,000 | | | | 322,619 | |
| Wal-Mart Stores, Inc. | | | | | | | |
| 6.875% | 08/10/2009 | | | | | 250,000 | | | | 251,531 | |
| | | | | | | | | | | | | | | | 574,150 | |
Oil, Gas & Consumable Fuels—1.0% | | | |
| Chevron Corp. | | | | | | | |
| 3.450% | 03/03/2012 | | | | | 100,000 | | | | 103,215 | |
| ConocoPhillips | | | | | | | |
| 8.750% | 05/25/2010 | | | | | 400,000 | | | | 427,051 | |
| 4.750% | 02/01/2014 | | | | | 200,000 | | | | 208,450 | |
| Shell International Finance BV (Netherlands) | | | | | | | |
| 5.625% | 06/27/2011 | | † | | | 600,000 | | | | 645,595 | |
| | | | | | | | | | | | | | | | 1,384,311 | |
Pharmaceuticals—1.5% | | | |
| Abbott Laboratories | | | | | | | |
| 5.600% | 05/15/2011 | | | | | 400,000 | | | | 427,547 | |
| Eli Lilly & Co. | | | | | | | |
| 3.550% | 03/06/2012 | | | | | 100,000 | | | | 103,664 | |
| Merck & Co., Inc. | | | | | | | |
| 1.875% | 06/30/2011 | | | | | 600,000 | | | | 601,059 | |
| Novartis Capital Corp. | | | | | | | |
| 4.125% | 02/10/2014 | | | | | 100,000 | | | | 103,044 | |
| Wyeth | | | | | | | |
| 6.950% | 03/15/2011 | | | | | 700,000 | | | | 758,188 | |
| | | | | | | | | | | | | | | | 1,993,502 | |
Software—0.8% | | | |
| Microsoft Corp. | | | | | | | |
| 2.950% | 06/01/2014 | | | | | 500,000 | | | | 496,935 | |
| Oracle Corp. | | | | | | | |
| 5.000% | 01/15/2011 | | | | | 510,000 | | | | 534,830 | |
| | | | | | | | | | | | | | | | 1,031,765 | |
| | | | | | | | | | | | | | | | | |
Wireless Telecommunication Services—0.7% |
| Verizon Wireless Capital LLC | | | |
| 5.550% | 02/01/2014 | | ˆ | | $ | 100,000 | | | $ | 106,270 | |
| 3.750% | 05/20/2011 | | ˆ | | | 300,000 | | | | 306,280 | |
| Vodafone Group plc (United Kingdom) | | | |
| 7.750% | 02/15/2010 | | | | | 500,000 | | | | 516,983 | |
| | | | | | | | | | | | | | | | 929,533 | |
TOTAL CORPORATE OBLIGATIONS | | | |
| (Cost $24,483,943) | | | | | | | | 25,000,461 | |
| |
U.S. GOVERNMENT AGENCY OBLIGATIONS—11.6% |
Government Backed Corporate (FDIC)
Obligations—0.9% |
| Bank of America NA | | | |
| 1.700% | 12/23/2010 | | † | | | 600,000 | | | | 607,153 | |
| General Electric Capital Corp. | | | |
| 2.200% | 06/08/2012 | | | | | 563,000 | | | | 566,284 | |
| | | | | | | | | | | | | | | | 1,173,437 | |
U.S. Government Agency Obligations—10.7% |
| Federal Home Loan Bank | | | |
| 5.375% | 08/19/2011 | | ‡‡ | | | 3,000,000 | | | | 3,241,863 | |
| 2.250% | 04/13/2012 | | † | | | 1,500,000 | | | | 1,519,107 | |
| Federal Home Loan Mortgage Corp. | | | |
| 2.875% | 06/28/2010 | | | | | 210,000 | | | | 214,962 | |
| Federal Home Loan Mortgage Corp. Discount Note |
| 0.462% | 06/01/2010 | | | | | 1,000,000 | | | | 996,045 | |
| Federal National Mortgage Association | | | |
| 1.875% | 04/20/2012 | | † | | | 1,000,000 | | | | 1,004,750 | |
| 1.500% | 09/16/2010 | | | | | 4,500,000 | | | | 4,546,125 | |
| 1.375% | 04/28/2011 | | † | | | 3,000,000 | | | | 3,009,114 | |
| | | | | | | | | | | | | | | | 14,531,966 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $15,547,455) | | | | | | | | 15,705,403 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—7.6% |
U.S. Government Agency Mortgage-Backed
Securities—7.6% |
| Federal Home Loan Mortgage Corp. | | | |
| 6.000% | 11/01/2022 | | ‡‡ | | | 489,896 | | | | 518,800 | |
| Federal Home Loan Mortgage Corp. REMICS | | | |
| 5.000% | 06/15/2024 | | | | | 372,260 | | | | 377,643 | |
| Federal National Mortgage Association REMICS |
| 4.125% | 12/25/2025 | | | | | 365,834 | | | | 366,910 | |
| Government National Mortgage Association | | | |
| 6.500% | 10/20/2037-
07/20/2038 | | ‡‡ | | | 2,230,744 | | | | 2,363,801 | |
| 6.500% | 12/20/2038 | | | | | 1,643,228 | | | | 1,741,313 | |
| 6.000% | 07/20/2038 | | ‡‡ | | | 1,849,029 | | | | 1,928,415 | |
| 6.000% | 02/15/2039 | | | | | 972,244 | | | | 1,014,134 | |
| 4.500% | 04/20/2024-
08/20/2035 | | | | | 1,991,812 | | | | 2,060,870 | |
TOTAL U.S. GOVERNMENT AGENCY
MORTGAGE-BACKED SECURITIES |
| (Cost $10,206,685) | | | | | | | | 10,371,886 | |
See accompanying notes to financial statements.
169
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
U.S. TREASURY OBLIGATIONS—1.5% |
U.S. Treasury Notes—1.5% | | | |
| U.S. Treasury Note | | | |
| 0.875% | 02/28/2011 | | † | | | | | | | | |
| (Cost $1,998,366) | | | $ | 2,000,000 | | | $ | 1,999,226 | |
| |
MUNICIPAL OBLIGATIONS—0.5% |
| Citizens Property Insurance Corp. Revenue Bonds (Florida) |
| 5.000% | 06/01/2012 | | | | | | | | | | |
| (Cost $608,094) | | | | 600,000 | | | | 611,814 | |
| |
SOVEREIGN DEBT OBLIGATIONS—0.3% |
Government Issued—0.3% | | | |
| Caisse d’Amortissement de la Dette Sociale MTN (France) |
| 4.250% | 11/08/2010 | | | | | | | | | | |
| (Cost $405,536) | | | | 400,000 | | | | 414,966 | |
| |
ASSET BACKED SECURITIES—2.5% |
Automobile—2.5% | | | |
| BMW Vehicle Lease Trust | | | |
| Series 2009-1, Class A1 | | | |
| 0.792% | 06/15/2010 | | | | | 270,000 | | | | 270,149 | |
| BMW Vehicle Lease Trust | | | |
| Series 2009-1, Class A2 | | | |
| 2.040% | 04/15/2011 | | | | | 1,000,000 | | | | 1,002,771 | |
| Ford Credit Auto Lease Trust | | | |
| Series 2009-A, Class A2 | | | |
| 2.600% | 05/15/2011 | | ˆ | | | 450,000 | | | | 451,125 | |
| Ford Credit Auto Lease Trust | | | |
| Series 2009-A, Class A1 | | | |
| 1.237% | 06/15/2010 | | ˆ | | | 330,000 | | | | 327,061 | |
| Honda Auto Receivables Owner Trust | | | |
| Series 2009-2, Class A2 | | | |
| 2.220% | 08/15/2011 | | | | | 500,000 | | | | 503,017 | |
| Nissan Auto Lease Trust | | | |
| Series 2009-A, Class A2 | | | |
| 2.010% | 04/15/2011 | | | | | 510,000 | | | | 511,252 | |
| Volkswagen Auto Lease Trust | | | |
| Series 2009-A, Class A2 | | | |
| 2.870% | 07/15/2011 | | | | | 370,000 | | | | 371,443 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $3,429,865) | | | | | | | | 3,436,818 | |
| |
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES—1.7% |
Mortgage Backed—1.7% | | | |
| Harborview Mortgage Loan Trust | | | |
| Series 2005-14, Class 3A1A | | | |
| 5.307% | 12/19/2035 | | # | | | 1,395,525 | | | | 879,050 | |
| Thornburg Mortgage Securities Trust | | | |
| Series 2004-1, Class II2A | | | |
| 3.411% | 03/25/2044 | | # | | | 1,359,627 | | | | 1,158,380 | |
| WaMu Mortgage Pass Through Certificates | | | |
| Series 2006-AR12, Class 1A1 | | | |
| 6.052% | 10/25/2036 | | # | | $ | 440,451 | | | $ | 306,860 | |
TOTAL NON-U.S. GOVERNMENT
MORTGAGE-BACKED SECURITIES |
| (Cost $3,111,302) | | | | | | | | 2,344,290 | |
| |
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS—1.3% |
Non-U.S. Government Agency Obligations—1.3% |
| Export Development Canada (Canada) |
| 3.750% | 07/15/2011 | | | | | 475,000 | | | | 495,306 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 3.750% | 06/27/2011 | | | | | 400,000 | | | | 418,279 | |
| Nederlandse Waterschapsbank NV MTN (Netherlands) |
| 4.625% | 07/25/2011 | | EUR 550,000 | | | | 813,282 | |
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $1,699,970) | | | | | | | | 1,726,867 | |
| |
|
|
|
|
Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—21.3% |
Institutional Money Market Funds—21.3% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 9,845,176 | | | | 9,845,176 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 722,009 | | | | 722,009 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 5,000,000 | | | | 5,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 4,500,000 | | | | 4,500,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 8,900,000 | | | | 8,900,000 | |
TOTAL CASH EQUIVALENTS | | | | | | | |
| (Cost $28,967,185) | | | | | | | | 28,967,185 | |
TOTAL INVESTMENTS—113.6% | | | |
| (Cost $154,450,160) | | | | | | | | 154,119,744 | |
| Other assets less liabilities—(13.6%) | | (18,396,071 | ) |
NET ASSETS—100.0% | | | | | | | $ | 135,723,673 | |
See accompanying notes to financial statements.
170
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
Discovery Fund
| Notes to the Schedule of Investments: | |
|---|
| BRL | | | | Brazilian Real |
| EUR | | | | European Monetary Unit |
| MTN | | | | Medium Term Note |
| REIT | | | | Real Estate Investment Trust |
| REMICS | | | | Real Estate Mortgage Investment Conduits |
| * | | | | Non-income producing. |
| † | | | | Denotes all or a portion of security on loan. |
| δ | | | | Security has no market value at June 30, 2009. |
| ‡ | | | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| ˆ | | | | Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. 144A securities represent 2.0% of Total Investments. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
171
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
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COMMON STOCKS—94.7% |
Australia—2.5% | | | |
| Amcor Ltd. | | | | 40,143 | | | $ | 161,416 | |
| AWB Ltd. | † | | | 278,800 | | | | 263,936 | |
| Coca-Cola Amatil Ltd. | | | | 71,271 | | | | 493,934 | |
| Dominion Mining Ltd. | | | | 152,668 | | | | 564,660 | |
| Iluka Resources Ltd. | * | | | 215,000 | | | | 493,658 | |
| IOOF Holdings Ltd. | | | | 55,602 | | | | 186,477 | |
| JB Hi-Fi Ltd. | | | | 164,200 | | | | 2,028,415 | |
| Kingsgate Consolidated Ltd. | * | | | 346,872 | | | | 1,860,103 | |
| Lihir Gold Ltd. | * | | | 248,500 | | | | 581,762 | |
| Newcrest Mining Ltd. | | | | 149,022 | | | | 3,642,281 | |
| Origin Energy Ltd. | | | | 40,000 | | | | 470,975 | |
| Qantas Airways Ltd. | | | | 582,809 | | | | 943,740 | |
| Tatts Group Ltd. | | | | 269,500 | | | | 552,168 | |
| Telstra Corp. Ltd. | | | | 365,480 | | | | 997,327 | |
| Wesfarmers Ltd. | | | | 23,000 | | | | 418,774 | |
| Woodside Petroleum Ltd. | | | | 90,378 | | | | 3,122,198 | |
| Woolworths Ltd. | | | | 67,598 | | | | 1,434,154 | |
| WorleyParsons Ltd. | † | | | 114,800 | | | | 2,187,897 | |
| | | | | | | | | | | | | 20,403,875 | |
Austria—0.2% | | | | | | | |
| Telekom Austria AG | | | | 25,500 | | | | 399,217 | |
| Verbund-Oesterreichische Elektrizitaetswirtschafts AG, Class A | | | | 24,200 | | | | 1,234,553 | |
| | | | | | | | | | | | | 1,633,770 | |
Belgium—0.8% | | | | | | | |
| Anheuser-Busch InBev NV | | | | 101,558 | | | | 3,682,426 | |
| Belgacom SA | | | | 13,500 | | | | 431,710 | |
| Delhaize Group | † | | | 8,400 | | | | 591,393 | |
| Groupe Bruxelles Lambert SA | | | | 7,100 | | | | 520,467 | |
| Nyrstar | * | | | 66,200 | | | | 564,044 | |
| Sofina SA | † | | | 7,400 | | | | 603,316 | |
| | | | | | | | | | | | | 6,393,356 | |
Bermuda—0.6% | | | | | | | |
| Catlin Group Ltd. | | | | 467,200 | | | | 2,474,309 | |
| Hiscox Ltd. | | | | 100,100 | | | | 476,885 | |
| Seadrill Ltd. | | | | 144,800 | | | | 2,085,350 | |
| | | | | | | | | | | | | 5,036,544 | |
Brazil—1.3% | | | | | | | |
| Companhia Brasileira de Meios de Pagamento | * | | | 87,100 | | | | 752,540 | |
| Petroleo Brasileiro SA, Class A ADR | | | | 172,321 | | | | 5,748,629 | |
| Redecard SA | | | | 161,750 | | | | 2,476,397 | |
| Vale SA ADR | | | | 101,900 | | | | 1,564,165 | |
| | | | | | | | | | | | | 10,541,731 | |
Canada—5.5% | | | | | | | |
| Atrium Innovations, Inc. | * | | | 35,600 | | | | 373,706 | |
| Barrick Gold Corp. | | | | 64,700 | | | | 2,170,685 | |
| BCE, Inc. | | | | 25,400 | | | | 524,094 | |
| Cameco Corp. | | | | 100,600 | | | | 2,580,840 | |
| Canadian Natural Resources Ltd. | | | | 27,600 | | | | 1,451,957 | |
| Canadian Pacific Railway Ltd. | | | | 141,673 | | | | 5,638,585 | |
| Empire Co., Ltd., Class A | | | | 11,500 | | | | 418,218 | |
| Enbridge, Inc. | | | | 14,800 | | | | 513,543 | |
| George Weston Ltd. | | | | 57,600 | | | | 2,889,038 | |
| Inmet Mining Corp. | | | | 32,900 | | | | 1,206,932 | |
| Kinross Gold Corp. | | | | 59,600 | | | | 1,086,292 | |
| Laurentian Bank of Canada | | | | 19,200 | | | $ | 579,062 | |
| Loblaw Cos. Ltd. | | | | 19,500 | | | | 582,578 | |
| Lundin Mining Corp. | * | | | 726,800 | | | | 2,093,264 | |
| Methanex Corp. | | | | 23,500 | | | | 285,075 | |
| Metro, Inc., Class A | | | | 60,600 | | | | 1,980,838 | |
| Migao Corp. | * | | | 62,400 | | | | 413,085 | |
| Onex Corp. | | | | 21,800 | | | | 374,844 | |
| Petro-Canada | | | | 7,500 | | | | 289,645 | |
| Potash Corp of Saskatchewan, Inc. | | | | 28,000 | | | | 2,611,632 | |
| Research In Motion Ltd. | * | | | 102,500 | | | | 7,285,991 | |
| Rogers Communications, Inc., Class B | | | | 38,600 | | | | 992,254 | |
| Royal Bank of Canada | | | | 88,900 | | | | 3,635,793 | |
| Shaw Communications, Inc., Class B | | | | 15,600 | | | | 262,604 | |
| Shoppers Drug Mart Corp. | | | | 13,200 | | | | 567,311 | |
| Suncor Energy, Inc. | | | | 117,400 | | | | 3,569,994 | |
| Uni-Select, Inc. | | | | 39,800 | | | | 844,828 | |
| | | | | | | | | | | | | 45,222,688 | |
China—1.7% | | | | | | | |
| Anhui Conch Cement Co. Ltd., Class H | † | | | 64,000 | | | | 398,076 | |
| Bank of China Ltd., Class H | † | | | 3,636,000 | | | | 1,721,803 | |
| China Construction Bank Corp., Class H | † | | | 4,186,317 | | | | 3,225,737 | |
| China Life Insurance Co., Ltd., Class H | | | | 971,500 | | | | 3,570,459 | |
| China Merchants Bank Co., Ltd., Class H | † | | | 217,100 | | | | 492,707 | |
| China Shenhua Energy Co., Ltd., Class H | | | | 186,000 | | | | 679,529 | |
| Industrial & Commercial Bank of China, Class H | † | | | 3,661,000 | | | | 2,535,927 | |
| Ping An Insurance Group Co. of China Ltd., Class H | † | | | 146,700 | | | | 984,658 | |
| Suntech Power Holdings Co., Ltd. ADR | *† | | | 15,000 | | | | 267,900 | |
| | | | | | | | | | | | | 13,876,796 | |
Denmark—0.5% | | | | | | | |
| Carlsberg A/S, Class B | | | | 7,336 | | | | 470,608 | |
| Danske Bank A/S | * | | | 26,572 | | | | 458,410 | |
| East Asiatic Co. Ltd. A/S | | | | 9,500 | | | | 316,600 | |
| Novo Nordisk A/S, Class B | | | | 35,500 | | | | 1,933,516 | |
| Novozymes A/S, Class B | | | | 8,100 | | | | 658,965 | |
| | | | | | | | | | | | | 3,838,099 | |
Finland—0.6% | | | | | | | |
| Huhtamaki Oyj | | | | 101,431 | | | | 1,047,713 | |
| Nokia Oyj | | | | 169,300 | | | | 2,479,750 | |
| Rautaruukki Oyj | | | | 15,500 | | | | 310,887 | |
| Stora Enso Oyj, Class R | * | | | 84,900 | | | | 449,081 | |
| UPM-Kymmene Oyj | | | | 54,000 | | | | 471,249 | |
| | | | | | | | | | | | | 4,758,680 | |
France—10.4% | | | | | | | |
| Accor SA | † | | | 80,008 | | | | 3,187,689 | |
| Air France-KLM | † | | | 52,101 | | | | 668,211 | |
| Air Liquide SA | | | | 12,924 | | | | 1,185,848 | |
| Altamir Amboise | * | | | 76,057 | | | | 269,983 | |
| BNP Paribas | | | | 77,430 | | | | 5,049,383 | |
| Bouygues SA | † | | | 204,202 | | | | 7,722,481 | |
| Cie de Saint-Gobain | | | | 10,954 | | | | 368,575 | |
| Cie Generale d’Optique Essilor International SA | | | | 56,000 | | | | 2,677,961 | |
See accompanying notes to financial statements.
172
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
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COMMON STOCKS—(Continued) |
| Compagnie Generale des Etablissements Michelin, Class B | † | | | 21,499 | | | $ | 1,231,279 | |
| Danone | | | | 65,836 | | | | 3,264,453 | |
| EDF SA | † | | | 14,500 | | | | 708,005 | |
| Eutelsat Communications | | | | 25,900 | | | | 670,372 | |
| Faiveley SA | † | | | 7,900 | | | | 603,224 | |
| France Telecom SA | | | | 379,390 | | | | 8,632,463 | |
| GDF Suez | † | | | 45,701 | | | | 1,710,684 | |
| Gemalto NV | *† | | | 19,900 | | | | 691,620 | |
| Lafarge SA | *† | | | 29,000 | | | | 1,973,086 | |
| L’Oreal SA | | | | 85,400 | | | | 6,410,414 | |
| LVMH Moet Hennessy Louis Vuitton SA | † | | | 50,616 | | | | 3,881,911 | |
| Mercialys SA REIT | † | | | 33,100 | | | | 1,022,658 | |
| Pernod-Ricard SA | † | | | 120,821 | | | | 7,638,685 | |
| Peugeot SA | * | | | 49,200 | | | | 1,298,839 | |
| Renault SA | * | | | 9,276 | | | | 342,714 | |
| Rhodia SA | * | | | 19,008 | | | | 144,465 | |
| Sanofi-Aventis SA | | | | 13,100 | | | | 774,073 | |
| Schneider Electric SA | † | | | 361 | | | | 27,630 | |
| Societe BIC SA | | | | 9,300 | | | | 535,491 | |
| Societe Generale | | | | 56,762 | | | | 3,115,692 | |
| Societe Immobiliere de Location pour l’Industrie et le Commerce REIT | | | | 6,800 | | | | 601,587 | |
| Total SA | | | | 18,940 | | | | 1,026,556 | |
| Unibail-Rodamco SE (Paris Exchange) REIT | | | | 12,347 | | | | 1,846,041 | |
| Vallourec SA | † | | | 7,658 | | | | 936,018 | |
| Veolia Environnement | † | | | 126,721 | | | | 3,746,699 | |
| Vinci SA | | | | 131,035 | | | | 5,912,822 | |
| Vivendi SA | | | | 115,924 | | | | 2,782,615 | |
| Zodiac Aerospace | † | | | 59,641 | | | | 1,945,585 | |
| | | | | | | | | | | | | 84,605,812 | |
Germany—7.8% | | | | | | | |
| Adidas AG | † | | | 63,500 | | | | 2,419,813 | |
| Allianz SE (Registered) | | | | 52,504 | | | | 4,843,078 | |
| Bayer AG | | | | 158,151 | | | | 8,499,020 | |
| Bayerische Motoren Werke AG | † | | | 28,600 | | | | 1,080,362 | |
| Daimler AG (Registered) | | | | 149,511 | | | | 5,429,574 | |
| Deutsche Bank AG (Registered) | | | | 59,632 | | | | 3,625,063 | |
| Deutsche Boerse AG | | | | 17,234 | | | | 1,341,227 | |
| Deutsche Post AG (Registered) | | | | 172,113 | | | | 2,247,265 | |
| E.ON AG | | | | 15,900 | | | | 564,414 | |
| Fielmann AG | | | | 22,983 | | | | 1,519,889 | |
| Fraport AG Frankfurt Airport Services Worldwide | † | | | 48,721 | | | | 2,089,048 | |
| Fresenius Medical Care AG & Co. KGaA | † | | | 21,700 | | | | 975,115 | |
| Hannover Rueckversicherung AG (Registered) | * | | | 99,100 | | | | 3,663,466 | |
| K+S AG | | | | 6,400 | | | | 360,998 | |
| Linde AG | | | | 72,269 | | | | 5,937,092 | |
| Muenchener Rueckversicherungs AG (Registered) | | | | 68,373 | | | | 9,237,520 | |
| SAP AG | | | | 103,800 | | | | 4,185,026 | |
| Siemens AG (Registered) | | | | 44,100 | | | | 3,049,611 | |
| Wacker Chemie AG | | | | 22,670 | | | | 2,617,929 | |
| | | | | | | | | | | | | 63,685,510 | |
Greece—0.3% | | | | | | | |
| Coca Cola Hellenic Bottling Co. SA | | | | 14,000 | | | $ | 288,551 | |
| Hellenic Petroleum SA | | | | 166,700 | | | | 1,611,791 | |
| Public Power Corp. SA | * | | | 30,800 | | | | 635,520 | |
| | | | | | | | | | | | | 2,535,862 | |
Hong Kong—4.8% | | | | | | | |
| Bank of East Asia Ltd. | | | | 805,376 | | | | 2,440,767 | |
| BOC Hong Kong Holdings Ltd. | | | | 398,500 | | | | 693,354 | |
| China Merchants Holdings International Co., Ltd. | † | | | 567,800 | | | | 1,626,275 | |
| China Mobile Ltd. | † | | | 244,000 | | | | 2,443,026 | |
| China Overseas Land & Investment Ltd. | | | | 339,000 | | | | 782,409 | |
| China Resources Land Ltd. | | | | 308,958 | | | | 680,522 | |
| CLP Holdings Ltd. | † | | | 698,000 | | | | 4,625,070 | |
| CNOOC Ltd. | | | | 2,750,000 | | | | 3,387,593 | |
| Dairy Farm International Holdings Ltd. | | | | 351,600 | | | | 2,268,850 | |
| Hang Lung Properties Ltd. | | | | 123,000 | | | | 405,043 | |
| Hong Kong & China Gas Co. Ltd. | | | | 1,837,000 | | | | 3,856,198 | |
| Hong Kong Exchanges and Clearing Ltd. | | | | 61,400 | | | | 949,029 | |
| Hutchison Whampoa Ltd. | | | | 348,000 | | | | 2,263,790 | |
| Jardine Matheson Holdings Ltd. | | | | 26,400 | | | | 721,553 | |
| Kerry Properties Ltd. | | | | 132,000 | | | | 574,994 | |
| Li & Fung Ltd. | † | | | 614,400 | | | | 1,640,465 | |
| New World Development Ltd. | | | | 524,000 | | | | 943,215 | |
| NWS Holdings Ltd. | | | | 805,196 | | | | 1,449,852 | |
| Shangri-La Asia Ltd. | † | | | 152,000 | | | | 224,499 | |
| Sun Hung Kai Properties Ltd. | | | | 60,000 | | | | 745,068 | |
| Wharf Holdings Ltd. | | | | 228,000 | | | | 961,309 | |
| Wheelock & Co., Ltd. | | | | 2,087,000 | | | | 5,363,570 | |
| | | | | | | | | | | | | 39,046,451 | |
India—0.4% | | | | | | | |
| ICICI Bank Ltd. ADR | | | | 98,308 | | | | 2,900,086 | |
| Reliance Industries Ltd. GDR | *ˆ | | | 4,050 | | | | 342,428 | |
| | | | | | | | | | | | | 3,242,514 | |
Ireland—0.8% | | | | | | | |
| Covidien plc | | | | 61,454 | | | | 2,300,838 | |
| CRH plc (Dublin Exchange) | | | | 175,044 | | | | 4,008,742 | |
| | | | | | | | | | | | | 6,309,580 | |
Italy—1.5% | | | | | | | |
| Enel SpA | † | | | 474,700 | | | | 2,317,441 | |
| ENI SpA | | | | 218,819 | | | | 5,189,729 | |
| Intesa Sanpaolo SpA | * | | | 635,161 | | | | 2,052,527 | |
| Saipem SpA | | | | 55,800 | | | | 1,363,278 | |
| Snam Rete Gas SpA | | | | 126,000 | | | | 553,488 | |
| Terna Rete Elettrica Nazionale SpA | | | | 170,500 | | | | 568,633 | |
| | | | | | | | | | | | | 12,045,096 | |
Japan—20.5% | | | | | | | |
| Advantest Corp. | † | | | 73,500 | | | | 1,338,453 | |
| Aeon Mall Co., Ltd. | † | | | 116,500 | | | | 2,210,893 | |
| Aruze Corp. | *† | | | 45,100 | | | | 343,730 | |
| Canon, Inc. | | | | 102,350 | | | | 3,343,161 | |
| Chugai Pharmaceutical Co., Ltd. | † | | | 119,000 | | | | 2,264,432 | |
| Daikin Industries Ltd. | | | | 68,000 | | | | 2,188,477 | |
See accompanying notes to financial statements.
173
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
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COMMON STOCKS—(Continued) |
| Daito Trust Construction Co. Ltd. | | | | 71,000 | | | $ | 3,347,821 | |
| Denso Corp. | † | | | 228,633 | | | | 5,860,472 | |
| East Japan Railway Co. | | | | 8,900 | | | | 535,832 | |
| Electric Power Development Co., Ltd. | † | | | 12,100 | | | | 343,325 | |
| Fanuc Ltd. | | | | 73,100 | | | | 5,857,965 | |
| FCC Co., Ltd. | | | | 42,600 | | | | 584,833 | |
| Fujitsu Frontech Ltd. | | | | 112,300 | | | | 1,129,249 | |
| Heiwa Corp. | | | | 94,000 | | | | 1,088,738 | |
| Hirose Electric Co., Ltd. | | | | 24,700 | | | | 2,635,176 | |
| Hitachi Capital Corp. | | | | 76,000 | | | | 1,028,046 | |
| Honda Motor Co., Ltd. | | | | 89,000 | | | | 2,448,466 | |
| HOYA Corp. | | | | 100,000 | | | | 2,003,190 | |
| Imasen Electric Industrial | | | | 66,000 | | | | 715,014 | |
| ITOCHU Corp. | | | | 832,000 | | | | 5,773,427 | |
| Japan Tobacco, Inc. | | | | 2,053 | | | | 6,417,334 | |
| JGC Corp. | | | | 67,000 | | | | 1,078,425 | |
| Kansai Electric Power Co., Inc. (The) | | | | 25,600 | | | | 564,697 | |
| Kanto Auto Works Ltd. | | | | 55,500 | | | | 536,608 | |
| KDDI Corp. | | | | 77 | | | | 408,565 | |
| Keihin Corp. | | | | 60,300 | | | | 792,262 | |
| Keiyo Co., Ltd. | † | | | 92,000 | | | | 463,530 | |
| Keyence Corp. | | | | 33,680 | | | | 6,861,587 | |
| Kurita Water Industries Ltd. | | | | 35,500 | | | | 1,146,496 | |
| Kyoei Steel Ltd. | | | | 21,900 | | | | 618,583 | |
| Lawson, Inc. | † | | | 12,500 | | | | 550,200 | |
| Marubeni Corp. | | | | 705,000 | | | | 3,118,065 | |
| MID Reit, Inc. REIT | | | | 788 | | | | 1,755,579 | |
| Miraca Holdings, Inc. | | | | 149,700 | | | | 3,659,261 | |
| Mitsubishi Corp. | | | | 221,000 | | | | 4,078,161 | |
| Mitsubishi Estate Co., Ltd. | | | | 263,000 | | | | 4,366,240 | |
| Mitsubishi Paper Mills Ltd. | | | | 408,000 | | | | 570,542 | |
| Mitsubishi UFJ Financial Group, Inc. | | | | 143,000 | | | | 882,996 | |
| Mitsui & Co., Ltd. | | | | 505,600 | | | | 5,991,197 | |
| Mitsui Fudosan Co., Ltd. | | | | 160,000 | | | | 2,775,066 | |
| Mitsui OSK Lines Ltd. | | | | 230,000 | | | | 1,486,339 | |
| Mitsui Sumitomo Insurance Group Holdings, Inc. | | | | 19,400 | | | | 507,519 | |
| Murata Manufacturing Co., Ltd. | | | | 49,200 | | | | 2,099,827 | |
| Nintendo Co., Ltd. | | | | 21,300 | | | | 5,894,880 | |
| Nippon Mining Holdings, Inc. | | | | 122,000 | | | | 630,434 | |
| Nippon Oil Corp. | | | | 40,000 | | | | 235,541 | |
| Nippon Residential Investment Corp. REIT | | | | 710 | | | | 1,740,508 | |
| Nippon Sheet Glass Co., Ltd. | † | | | 116,000 | | | | 338,009 | |
| Nippon Soda Co., Ltd. | | | | 140,000 | | | | 627,482 | |
| Nippon Telegraph & Telephone Corp. | | | | 8,065 | | | | 328,450 | |
| Nomura Holdings, Inc. | | | | 105,200 | | | | 887,977 | |
| NTT DoCoMo, Inc. | | | | 1,735 | | | | 2,537,677 | |
| OJI Paper Co., Ltd. | | | | 94,000 | | | | 403,869 | |
| Okabe Co., Ltd. | | | | 148,400 | | | | 607,583 | |
| Okinawa Electric Power Co., Inc. (The) | | | | 12,100 | | | | 652,869 | |
| Panasonic Corp. | | | | 35,000 | | | | 471,540 | |
| SBI Holdings, Inc. | | | | 2,790 | | | | 566,602 | |
| Seven & I Holdings Co. Ltd. | | | | 22,400 | | | | 525,338 | |
| Shimamura Co. Ltd. | | | | 27,000 | | | | 2,149,828 | |
| Shin-Etsu Chemical Co., Ltd. | | | | 56,000 | | | | 2,597,219 | |
| Shinsei Bank Ltd. | * | | | 2,264,000 | | | | 3,614,585 | |
| Shiseido Co. Ltd. | | | | 28,000 | | | | 458,070 | |
| SMC Corp. | | | | 29,000 | | | | 3,113,856 | |
| Softbank Corp. | | | | 377,100 | | | | 7,346,261 | |
| Sumitomo Corp. | | | | 605,100 | | | $ | 6,150,657 | |
| Sumitomo Metal Industries Ltd. | | | | 185,000 | | | | 491,781 | |
| Sumitomo Metal Mining Co. Ltd. | | | | 74,000 | | | | 1,039,542 | |
| Sumitomo Mitsui Financial Group, Inc. | | | | 94,500 | | | | 3,823,971 | |
| Suzuki Motor Corp. | † | | | 257,185 | | | | 5,766,813 | |
| Takeda Pharmaceutical Co., Ltd. | | | | 63,000 | | | | 2,449,436 | |
| THK Co., Ltd. | | | | 35,900 | | | | 535,178 | |
| TOA Corp. | | | | 77,000 | | | | 529,141 | |
| Toagosei Co., Ltd. | | | | 227,000 | | | | 624,392 | |
| Tokio Marine Holdings, Inc. | | | | 136,500 | | | | 3,747,825 | |
| Tokyo Electron Ltd. | | | | 45,400 | | | | 2,190,999 | |
| Topy Industries Ltd. | | | | 170,000 | | | | 322,327 | |
| Toyota Motor Corp. | | | | 105,200 | | | | 3,978,387 | |
| Trend Micro, Inc. | | | | 107,500 | | | | 3,432,647 | |
| Unipres Corp. | | | | 100,900 | | | | 1,118,969 | |
| | | | | | | | | | | | | 167,700,422 | |
Korea, Republic of—0.3% | | | | | | | |
| Samsung Electronics Co., Ltd., Reg S GDR | ˆ | | | 9,685 | | | | 2,267,201 | |
| Shinhan Financial Group Co., Ltd. ADR | *† | | | 7,850 | | | | 399,015 | |
| | | | | | | | | | | | | 2,666,216 | |
Luxembourg—0.1% | | | | | | | |
| RTL Group SA | | | | 8,593 | | | | 428,316 | |
| SES Global FDR | | | | 18,400 | | | | 349,139 | |
| SES SA | | | | 20,400 | | | | 390,087 | |
| | | | | | | | | | | | | 1,167,542 | |
Mexico—0.9% | | | | | | | |
| America Movil SAB de CV, Series L ADR | | | | 82,800 | | | | 3,206,016 | |
| Fomento Economico Mexicano SAB de CV ADR | | | | 13,900 | | | | 448,136 | |
| Telefonos de Mexico SAB de CV, Series L ADR | † | | | 97,300 | | | | 1,577,233 | |
| Telmex Internacional SAB de CV ADR | † | | | 76,700 | | | | 970,255 | |
| Wal-Mart de Mexico SAB de CV | † | | | 267,900 | | | | 794,448 | |
| | | | | | | | | | | | | 6,996,088 | |
Netherlands—3.9% | | | | | | | |
| Akzo Nobel NV | | | | 16,497 | | | | 729,215 | |
| ASML Holding NV | | | | 389,964 | | | | 8,452,433 | |
| Heineken Holding NV | | | | 44,404 | | | | 1,418,749 | |
| Heineken NV | | | | 59,268 | | | | 2,208,820 | |
| ING Groep NV CVA | | | | 48,155 | | | | 487,859 | |
| Koninklijke Ahold NV | | | | 222,000 | | | | 2,559,314 | |
| Koninklijke KPN NV | | | | 505,400 | | | | 6,973,348 | |
| Royal Dutch Shell plc, Class A | | | | 174,781 | | | | 4,379,509 | |
| Royal Dutch Shell plc, Class B | | | | 32,839 | | | | 826,736 | |
| Ten Cate NV | | | | 50,318 | | | | 1,220,147 | |
| Unilever NV CVA | | | | 96,300 | | | | 2,329,113 | |
| Wolters Kluwer NV | † | | | 28,000 | | | | 491,203 | |
| | | | | | | | | | | | | 32,076,446 | |
Norway—0.6% | | | | | | | |
| Tandberg ASA | † | | | 267,700 | | | | 4,517,116 | |
Portugal—0.0% | | | | | | | |
| Jeronimo Martins SGPS SA | † | | | 55,800 | | | | 380,608 | |
See accompanying notes to financial statements.
174
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—(Continued) |
Russia—0.8% | | | | | | | |
| Gazprom OAO ADR | | | | 302,620 | | | $ | 6,137,172 | |
Singapore—1.2% | | | | | | | |
| DBS Group Holdings Ltd. | | | | 462,000 | | | | 3,745,503 | |
| Oversea-Chinese Banking Corp. Ltd. | | | | 328,900 | | | | 1,510,047 | |
| Singapore Telecommunications Ltd. | | | | 201,392 | | | | 415,501 | |
| Wilmar International Ltd. | | | | 1,276,100 | | | | 4,401,463 | |
| | | | | | | | | | | | | 10,072,514 | |
South Africa—0.1% | | | | | | | |
| AngloGold Ashanti Ltd. ADR | † | | | 8,300 | | | | 304,029 | |
| Harmony Gold Mining Co., Ltd. ADR | *† | | | 16,200 | | | | 167,184 | |
| Harmony Gold Mining Co., Ltd. | *† | | | 9,000 | | | | 92,929 | |
| Sasol Ltd. | | | | 12,300 | | | | 430,312 | |
| | | | | | | | | | | | | 994,454 | |
Spain—3.1% | | | | | | | |
| Banco Bilbao Vizcaya Argentaria SA | | | | 165,425 | | | | 2,082,942 | |
| Construcciones y Auxiliar de Ferrocarriles SA | | | | 2,600 | | | | 1,167,711 | |
| Corporacion Financiera Alba, SA | | | | 12,000 | | | | 578,677 | |
| Inditex SA | † | | | 164,858 | | | | 7,934,102 | |
| Mapfre SA | † | | | 1,095,900 | | | | 3,580,452 | |
| Telefonica SA | | | | 398,766 | | | | 9,055,788 | |
| Viscofan SA | | | | 27,100 | | | | 579,032 | |
| | | | | | | | | | | | | 24,978,704 | |
Sweden—1.4% | | | | | | | |
| AarhusKarlshamn AB | | | | 29,600 | | | | 373,403 | |
| Alfa Laval AB | † | | | 53,600 | | | | 513,678 | |
| Assa Abloy AB, Class B | | | | 31,300 | | | | 437,662 | |
| Atlas Copco AB, Class A | | | | 132,210 | | | | 1,331,250 | |
| Betsson AB | * | | | 24,500 | | | | 277,495 | |
| Hennes & Mauritz AB, Class B | † | | | 59,415 | | | | 2,966,846 | |
| Investor AB, Class B | | | | 39,300 | | | | 607,678 | |
| Lundbergforetagen AB, Class B | † | | | 13,402 | | | | 506,132 | |
| Skandinaviska Enskilda Banken AB, Class A | * | | | 139,444 | | | | 616,739 | |
| SKF AB, Class B | † | | | 87,173 | | | | 1,077,439 | |
| Svenska Cellulosa AB, Class B | | | | 50,200 | | | | 528,527 | |
| Telefonaktiebolaget LM Ericsson, Class B | † | | | 230,200 | | | | 2,267,800 | |
| | | | | | | | | | | | | 11,504,649 | |
Switzerland—8.0% | | | | | | | |
| ABB Ltd. (Registered) | * | | | 40,638 | | | | 641,702 | |
| Actelion Ltd. (Registered) | * | | | 87,500 | | | | 4,586,243 | |
| Alcon, Inc. | | | | 13,000 | | | | 1,509,560 | |
| Credit Suisse Group AG (Registered) | † | | | 113,725 | | | | 5,210,424 | |
| Givaudan SA (Registered) | † | | | 1,026 | | | | 629,808 | |
| Holcim Ltd. (Registered) | * | | | 127,923 | | | | 7,283,190 | |
| Nestle SA (Registered) | | | | 357,776 | | | | 13,509,066 | |
| Nobel Biocare Holding AG (Registered) | † | | | 72,000 | | | | 1,575,635 | |
| Novartis AG (Registered) | | | | 116,291 | | | | 4,733,886 | |
| Roche Holding AG (Genusschein) | | | | 103,590 | | | | 14,114,367 | |
| Roche Holding AG (Registered) | | | | 7,972 | | | | 1,136,280 | |
| SGS SA (Registered) | | | | 2,500 | | | $ | 3,105,214 | |
| Swiss Reinsurance (Registered) | | | | 29,035 | | | | 964,760 | |
| Swisscom AG (Registered) | | | | 7,388 | | | | 2,273,443 | |
| Syngenta AG (Registered) | | | | 5,700 | | | | 1,326,196 | |
| UBS AG (Registered) | * | | | 81,762 | | | | 1,003,908 | |
| Valora Holding AG | | | | 3,200 | | | | 578,984 | |
| Zurich Financial Services AG (Registered) | | | | 7,300 | | | | 1,290,299 | |
| | | | | | | | | | | | | 65,472,965 | |
Taiwan—0.5% | | | | | | | |
| Delta Electronics, Inc. GDR | | | | 91,572 | | | | 1,035,679 | |
| Taiwan Semiconductor Manufacturing Co., Ltd. ADR | | | | 322,155 | | | | 3,031,479 | |
| | | | | | | | | | | | | 4,067,158 | |
United Kingdom—12.8% | | | | | | | |
| Amlin plc | | | | 220,700 | | | | 1,100,271 | |
| ARM Holdings plc | | | | 354,600 | | | | 699,793 | |
| AstraZeneca plc (London Exchange) | | | | 104,100 | | | | 4,590,031 | |
| Autonomy Corp. plc | * | | | 27,400 | | | | 649,236 | |
| BAE Systems plc | | | | 284,983 | | | | 1,592,493 | |
| Barclays plc | | | | 470,200 | | | | 2,185,044 | |
| BG Group plc | | | | 486,400 | | | | 8,190,831 | |
| BHP Billiton plc | | | | 120,600 | | | | 2,718,161 | |
| BP plc | | | | 475,400 | | | | 3,756,526 | |
| British American Tobacco plc | | | | 56,500 | | | | 1,559,637 | |
| Cadbury plc | | | | 575,644 | | | | 4,920,433 | |
| Cairn Energy plc | * | | | 50,100 | | | | 1,937,144 | |
| Centrica plc | | | | 753,500 | | | | 2,770,649 | |
| Debenhams plc | † | | | 2,999,400 | | | | 4,010,153 | |
| Game Group plc | | | | 291,500 | | | | 790,931 | |
| GlaxoSmithKline plc | | | | 73,200 | | | | 1,292,956 | |
| Hampson Industries plc | | | | 401,000 | | | | 448,958 | |
| HSBC Holdings plc (Hong Kong Exchange) | | | | 70,400 | | | | 587,402 | |
| HSBC Holdings plc (London Exchange) | | | | 920,866 | | | | 7,671,903 | |
| Imperial Tobacco Group plc | | | | 236,635 | | | | 6,159,034 | |
| Kingfisher plc | | | | 823,270 | | | | 2,415,362 | |
| Lavendon Group plc | | | | 77,001 | | | | 158,365 | |
| Micro Focus International plc | | | | 183,700 | | | | 1,134,400 | |
| National Grid plc | | | | 525,190 | | | | 4,739,166 | |
| Old Mutual plc | | | | 344,600 | | | | 460,203 | |
| Reckitt Benckiser Group plc | | | | 64,000 | | | | 2,922,751 | |
| SABMiller plc | | | | 195,800 | | | | 3,997,834 | |
| Serco Group plc | | | | 84,900 | | | | 590,811 | |
| Shire plc ADR | † | | | 7,000 | | | | 290,360 | |
| Shire plc | | | | 99,000 | | | | 1,366,382 | |
| Smith & Nephew plc | | | | 574,438 | | | | 4,264,718 | |
| Standard Chartered plc (Hong Kong Exchange) | | | | 8,750 | | | | 168,096 | |
| Standard Chartered plc (London Exchange) | | | | 131,866 | | | | 2,479,481 | |
| Tesco plc | | | | 1,654,700 | | | | 9,663,213 | |
| Tullett Prebon plc | | | | 121,000 | | | | 591,076 | |
| Unilever plc | | | | 22,429 | | | | 527,129 | |
| United Utilities Group plc | | | | 76,100 | | | | 624,027 | |
| Vodafone Group plc | | | | 1,982,501 | | | | 3,855,850 | |
| Wm Morrison Supermarkets plc | | | | 1,518,068 | | | | 5,929,270 | |
| Wolseley plc | * | | | 18,816 | | | | 360,201 | |
| Yell Group plc | | | | 1,749,235 | | | | 758,282 | |
| | | | | | | | | | | | | 104,928,563 | |
See accompanying notes to financial statements.
175
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—(Continued) |
United States—0.8% | | | | | | | |
| Philip Morris International, Inc. | | 78,098 | | | $ | 3,406,635 | |
| Schlumberger Ltd. | | | | 44,403 | | | | 2,402,646 | |
| Synthes, Inc. | | | | 9,216 | | | | 891,141 | |
| | | | | | | | | | | | | 6,700,422 | |
TOTAL COMMON STOCKS | | | |
| (Cost $840,300,942) | | | | | | | | 773,537,403 | |
| |
PREFERRED STOCKS—0.5% |
Germany—0.5% | | | | | | | |
| Biotest AG | | | | 10,412 | | | | 520,365 | |
| Fresenius SE | | | | 75,900 | | | | 4,106,409 | |
TOTAL PREFERRED STOCKS | | | |
| (Cost $4,357,726) | | | | | | | | 4,626,774 | |
| |
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CONVERTIBLE DEBT OBLIGATIONS—0.0% |
Bermuda—0.0% |
| Seadrill Ltd. |
| 3.625% | 11/08/2012 | | | | | | | | | | | | |
| (Cost $45,391) | $ | 100,000 | | | | 78,447 | |
|
|
|
| Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—12.4% |
Institutional Money Market Funds—12.4% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 52,006,062 | | | | 52,006,062 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 12,000,000 | | | | 12,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 12,900,000 | | | | 12,900,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 24,300,000 | | | | 24,300,000 | |
TOTAL CASH EQUIVALENTS | | | |
| (Cost $101,206,062) | | | | | | | | 101,206,062 | |
TOTAL INVESTMENTS—107.6% | | | |
| (Cost $945,910,121) | | | | | | 879,448,686 | |
| Other assets less liabilities—(7.6%) | | | | | | (62,387,731 | ) |
NET ASSETS—100.0% | | | | | $ | 817,060,955 | |
Notes to the Schedule of Investments: |
| ADR | | | | American Depositary Receipt |
| CVA | | | | Dutch Certificate of Shares |
| FDR | | | | Fiduciary Depositary Receipt |
| GDR | | | | Global Depositary Receipt |
| Reg S | | | | Security purchased outside the United States and is not registered under the Securities Act of 1933. This security may be resold in the United States only if the offer and sale are made pursuant to such registration or are exempt from registration. |
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| ˆ | | | | Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. 144A securities represent 0.3% of Total Investments. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
176
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint
International Fund
Percentage of Portfolio by Industry (unaudited):
| COMMON STOCKS | |
|---|
| Commercial Banks | | 7.2 | % |
| Oil, Gas & Consumable Fuels | | 6.9 | % |
| Pharmaceuticals | | 5.3 | % |
| Insurance | | 4.5 | % |
| Diversified Telecommunication Services | | 4.0 | % |
| Food & Staples Retailing | | 3.9 | % |
| Food Products | | 3.7 | % |
| Trading Companies & Distributors | | 3.1 | % |
| Real Estate Management & Development | | 2.8 | % |
| Metals & Mining | | 2.7 | % |
| Specialty Retail | | 2.6 | % |
| Wireless Telecommunication Services | | 2.5 | % |
| Chemicals | | 2.5 | % |
| Beverages | | 2.5 | % |
| Automobiles | | 2.5 | % |
| Semiconductors & Semiconductor Equipment | | 2.2 | % |
| Tobacco | | 2.1 | % |
| Health Care Equipment & Supplies | | 2.1 | % |
| Communications Equipment | | 2.0 | % |
| Machinery | | 2.0 | % |
| Software | | 1.9 | % |
| Construction & Engineering | | 1.8 | % |
| Electronic Equipment, Instruments & Components | | 1.8 | % |
| Construction Materials | | 1.7 | % |
| Multi-Utilities | | 1.7 | % |
| Capital Markets | | 1.5 | % |
| Electric Utilities | | 1.5 | % |
| Auto Components | | 1.3 | % |
| Energy Equipment & Services | | 1.0 | % |
| Textiles, Apparel & Luxury Goods | | 0.9 | % |
| Industrial Conglomerates | | 0.9 | % |
| Personal Products | | 0.9 | % |
| Real Estate Investment Trusts (REITs) | | 0.9 | % |
| Road & Rail | | 0.8 | % |
| Media | | 0.8 | % |
| Diversified Financial Services | | 0.7 | % |
| Biotechnology | | 0.6 | % |
| Gas Utilities | | 0.5 | % |
| Hotels, Restaurants & Leisure | | 0.5 | % |
| Multiline Retail | | 0.5 | % |
| Aerospace & Defense | | 0.5 | % |
| Transportation Infrastructure | | 0.5 | % |
| Office Electronics | | 0.4 | % |
| Building Products | | 0.4 | % |
| IT Services | | 0.4 | % |
| Professional Services | | 0.4 | % |
| Household Products | | 0.4 | % |
| Distributors | | 0.3 | % |
| Paper & Forest Products | | 0.3 | % |
| Air Freight & Logistics | | 0.3 | % |
| Computers & Peripherals | | 0.2 | % |
| Airlines | | 0.2 | % |
| Marine | | 0.2 | % |
| Leisure Equipment & Products | | 0.2 | % |
| Containers & Packaging | | 0.2 | % |
| Commercial Services & Supplies | | 0.1 | % |
| Consumer Finance | | 0.1 | % |
| Household Durables | | 0.1 | % |
| Health Care Providers & Services | | 0.1 | % |
| Electrical Equipment | | 0.1 | % |
| Independent Power Producers & Energy Traders | | 0.0 | % |
| | | | | | | | 94.7 | % |
PREFERRED STOCKS |
| Health Care Equipment & Supplies | | 0.5 | % |
| Biotechnology | | 0.0 | % |
| | | | | | | | 0.5 | % |
CONVERTIBLE DEBT OBLIGATIONS | | | |
| Energy Equipment & Services | | 0.0 | % |
TOTAL COMMON STOCKS/PREFERRED STOCKS/CONVERTIBLE DEBT OBLIGATIONS | | 95.2 | % |
CASH EQUIVALENTS | | | |
| Institutional Money Market Funds | | 12.4 | % |
| | | 12.4 | % |
TOTAL INVESTMENTS | | | | | | | 107.6 | % |
| Other assets less liabilities | | (7.6 | )% |
TOTAL NET ASSETS | | 100.0 | % |
See accompanying notes to financial statements.
177
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint Diversified
Assets Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—26.9% |
Aerospace & Defense—0.2% |
| General Dynamics Corp. |
| 4.500% | 08/15/2010 | | § | | $ | 900,000 | | | $ | 930,545 | |
Airlines—0.1% |
| Continental Airlines, Inc., Series 2001-1, Class A-2 | | |
| 6.503% | 06/15/2011 | | | | | 420,000 | | | | 390,600 | |
Auto Components—0.2% |
| Goodyear Tire & Rubber Co. (The) | | | |
| 5.010% | 12/01/2009 | | # | | | 625,000 | | | | 621,875 | |
Banks—1.0% |
| Dexia Credit Local (France) | | | |
| 1.262% | 09/23/2011 | | #ˆ | | | 1,200,000 | | | | 1,196,890 | |
| Goldman Sachs Group, Inc. (The) MTN | | | |
| 6.000% | 05/01/2014 | | | | | 600,000 | | | | 626,849 | |
| Morgan Stanley | | | |
| 6.000% | 05/13/2014 | | | | | 400,000 | | | | 405,409 | |
| Morgan Stanley, Series F MTN | | | |
| 3.006% | 05/14/2010 | | #§ | | | 1,700,000 | | | | 1,695,473 | |
| | | | | | | | | | | 3,924,621 | |
Beverages—0.6% |
| Coca-Cola Enterprises, Inc. | | | |
| 1.607% | 05/06/2011 | | #§ | | | 2,100,000 | | | | 2,110,359 | |
Capital Markets—1.3% |
| Bank of New York Mellon Corp. (The) | | | |
| 4.300% | 05/15/2014 | | | | | 740,000 | | | | 752,749 | |
| Bank of New York Mellon Corp. (The), Series G MTN |
| 0.712% | 03/23/2012 | | #§ | | | 1,530,000 | | | | 1,454,077 | |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | 01/20/2012 | | ˆ | | | 1,050,000 | | | | 1,056,763 | |
| 1.112% | 04/22/2010 | | § | | | 1,850,000 | | | | 1,834,793 | |
| | | | | | | | | | | 5,098,382 | |
Chemicals—0.3% |
| E.I. du Pont de Nemours & Co. | | | |
| 4.125% | 04/30/2010 | | § | | | 1,000,000 | | | | 1,021,919 | |
Commercial Banks—1.4% |
| BNP Paribas MTN (France) | | | |
| 1.648% | 06/11/2012 | | # | | | 1,400,000 | | | | 1,395,267 | |
| US Bancorp | | | |
| 4.200% | 05/15/2014 | | | | | 800,000 | | | | 809,924 | |
| US Bancorp, Series P MTN | | | |
| 1.416% | 02/04/2010 | | #§ | | | 1,500,000 | | | | 1,500,791 | |
| Wachovia Bank NA, Bank Note | | | |
| 1.806% | 05/14/2010 | | #§ | | | 1,500,000 | | | | 1,500,472 | |
| | | | | | | | | | | 5,206,454 | |
Communications Equipment—0.2% |
| Cisco Systems, Inc. | | | |
| 5.250% | 02/22/2011 | | § | | | 750,000 | | | | 791,140 | |
Computers & Peripherals—0.8% |
| Hewlett-Packard Co. | | | |
| 4.250% | 02/24/2012 | | | | | 729,000 | | | | 761,360 | |
| 2.250% | 05/27/2011 | | § | | | 1,250,000 | | | | 1,254,385 | |
| 1.050% | 09/03/2009 | | #§ | | | 900,000 | | | | 900,644 | |
| | | | | | | | | | | 2,916,389 | |
Consumer Finance—1.1% |
| American General Finance Corp., Series G MTN |
| 5.375% | 09/01/2009 | | | | $ | 425,000 | | | $ | 412,158 | |
| American Honda Finance Corp. | | | |
| 2.951% | 06/29/2011 | | #ˆ | | | 700,000 | | | | 701,750 | |
| Ford Motor Credit Co. LLC | | | |
| 7.375% | 10/28/2009 | | | | | 1,000,000 | | | | 991,504 | |
| John Deere Capital Corp. MTN | | | |
| 1.400% | 06/10/2011 | | # | | | 650,000 | | | | 645,491 | |
| 1.111% | 02/26/2010 | | #§ | | | 1,300,000 | | | | 1,303,298 | |
| LeasePlan Corp. NV (Netherlands) | | | |
| 3.000% | 05/07/2012 | | ˆ | | | 300,000 | | | | 301,316 | |
| | | | | | | | | | | 4,355,517 | |
Containers & Packaging—0.1% |
| Ball Corp. | | | |
| 6.875% | 12/15/2012 | | § | | | 445,000 | | | | 443,887 | |
Diversified Consumer Services—0.1% |
| Stanford University | | | |
| 3.625% | 05/01/2014 | | | | | 500,000 | | | | 504,614 | |
Diversified Financial Services—3.4% |
| BP Capital Markets plc (United Kingdom) | | | |
| 4.875% | 03/15/2010 | | § | | | 900,000 | | | | 924,932 | |
| 3.625% | 05/08/2014 | | | | | 1,700,000 | | | | 1,697,321 | |
| 3.125% | 03/10/2012 | | | | | 500,000 | | | | 510,378 | |
| 0.824% | 03/17/2010 | | #§ | | | 1,200,000 | | | | 1,203,337 | |
| CME Group, Inc. | | | |
| 5.750% | 02/15/2014 | | | | | 1,000,000 | | | | 1,067,497 | |
| General Electric Capital Corp. | | | |
| 5.900% | 05/13/2014 | | | | | 430,000 | | | | 439,344 | |
| General Electric Capital Corp. MTN | | | |
| 1.177% | 01/20/2010 | | #§ | | | 3,500,000 | | | | 3,480,005 | |
| IBM International Group Capital LLC | | | |
| 1.394% | 07/29/2009 | | #§ | | | 1,190,000 | | | | 1,190,813 | |
| National Rural Utilities Cooperative Finance Corp. |
| 4.750% | 03/01/2014 | | | | | 375,000 | | | | 386,285 | |
| 1.372% | 07/01/2010 | | #§ | | | 1,580,000 | | | | 1,580,856 | |
National Rural Utilities Cooperative Finance Corp.,
Series C MTN |
| 7.250% | 03/01/2012 | | | | | 400,000 | | | | 437,160 | |
| | | | | | | | | | | 12,917,928 | |
Diversified Telecommunication Services—1.1% |
| AT&T, Inc. | | | |
| 4.850% | 02/15/2014 | | | | | 600,000 | | | | 622,961 | |
| 4.125% | 09/15/2009 | | § | | | 1,000,000 | | | | 1,005,085 | |
| Deutsche Telekom International Finance BV (Netherlands) |
| 8.500% | 06/15/2010 | | | | | 2,400,000 | | | | 2,524,572 | |
| | | | | | | | | | | 4,152,618 | |
Electric Utilities—1.9% |
| Columbus Southern Power Co., Series C | | | |
| 5.500% | 03/01/2013 | | | | | 750,000 | | | | 775,390 | |
| Dominion Resources, Inc., Series D | | | |
| 5.125% | 12/15/2009 | | | | | 1,500,000 | | | | 1,519,174 | |
| Duke Energy Carolinas LLC | | | |
| 6.250% | 01/15/2012 | | | | | 625,000 | | | | 672,503 | |
| Duke Energy Carolinas LLC, Series D | | | |
| 7.375% | 03/01/2010 | | | | | 1,850,000 | | | | 1,919,096 | |
| Pacific Gas & Electric Co. | | | |
| 1.598% | 06/10/2010 | | #§ | | | 1,565,000 | | | | 1,573,166 | |
| Southern Co. (The), Series 2008A | | | |
| 1.485% | 08/20/2010 | | #§ | | | 900,000 | | | | 900,277 | |
| | | | | | | | | | | 7,359,606 | |
| | | | | | | | | | | | |
See accompanying notes to financial statements.
178
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Diversified
Assets Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Food Products—0.4% |
| General Mills, Inc. | | | |
| 6.000% | 02/15/2012 | | | | $ | 500,000 | | | $ | 538,624 | |
| Kraft Foods, Inc. | | | |
| 4.125% | 11/12/2009 | | § | | | 940,000 | | | | 949,947 | |
| | | | | | | | | | | 1,488,571 | |
Health Care Equipment & Supplies—0.1% |
| Boston Scientific Corp. | | | |
| 6.000% | 06/15/2011 | | § | | | 525,000 | | | | 526,312 | |
Health Care Providers & Services—0.2% |
| Express Scripts, Inc. | | | |
| 5.250% | 06/15/2012 | | | | | 600,000 | | | | 620,314 | |
Hotels, Restaurants & Leisure—0.3% |
| McDonald’s Corp., Series G MTN | | | |
| 5.750% | 03/01/2012 | | | | | 750,000 | | | | 813,900 | |
| Mohegan Tribal Gaming Authority | | | |
| 8.000% | 04/01/2012 | | | | | 500,000 | | | | 382,500 | |
| | | | | | | | | | | 1,196,400 | |
Household Durables—0.9% |
| Clorox Co. | | | |
| 6.125% | 02/01/2011 | | § | | | 1,000,000 | | | | 1,043,185 | |
| Kimberly-Clark Corp. | | | |
| 1.139% | 07/30/2010 | | #§ | | | 2,200,000 | | | | 2,203,773 | |
| | | | | | | | | | | 3,246,958 | |
Household Products—0.3% |
| Procter & Gamble International Funding SCA (Luxembourg) |
| 1.046% | 08/19/2009 | | #§ | | | 1,190,000 | | | | 1,191,098 | |
Independent Power Producers & Energy Traders—0.2% |
| Orion Power Holdings, Inc. | | | |
| 12.000% | 05/01/2010 | | | | | 650,000 | | | | 676,000 | |
Industrial Conglomerates—0.2% |
| 3M Co., Series E MTN | | | |
| 4.375% | 08/15/2013 | | | | | 750,000 | | | | 798,224 | |
Insurance—0.8% |
| Allstate Corp. (The) | | | |
| 6.200% | 05/16/2014 | | | | | 510,000 | | | | 535,483 | |
| Berkshire Hathaway Finance Corp. | | | |
| 4.125% | 01/15/2010 | | § | | | 1,000,000 | | | | 1,018,057 | |
| 4.000% | 04/15/2012 | | ˆ | | | 750,000 | | | | 775,628 | |
| Metropolitan Life Global Funding I | | | |
| 1.358% | 06/25/2010 | | #ˆ | | | 650,000 | | | | 647,998 | |
| | | | | | | | | | | 2,977,166 | |
Machinery—0.4% |
| Honeywell International, Inc. | | | |
| 7.500% | 03/01/2010 | | § | | | 850,000 | | | | 888,107 | |
| Ingersoll-Rand Global Holding Co., Ltd. (Bermuda) |
| 2.420% | 08/13/2010 | | #§ | | | 805,000 | | | | 786,156 | |
| | | | | | | | | | | 1,674,263 | |
Media—1.6% |
| Comcast Corp. | | | |
| 1.439% | 07/14/2009 | | #§ | | | 1,649,000 | | | | 1,648,844 | |
| COX Communications, Inc. | | | |
| 4.625% | 01/15/2010 | | § | | | 900,000 | | | | 904,383 | |
| Sinclair Television Group, Inc. | | | |
| 8.000% | 03/15/2012 | | | | $ | 1,500,000 | | | $ | 1,008,750 | |
| Time Warner, Inc. | | | |
| 1.150% | 11/13/2009 | | # | | | 2,100,000 | | | | 2,095,178 | |
| Walt Disney Co. (The), Series B MTN | | | |
| 6.375% | 03/01/2012 | | | | | 375,000 | | | | 412,091 | |
| | | | | | | | | | | 6,069,246 | |
Multiline Retail—0.7% |
| Target Corp. | | | |
| 1.111% | 08/07/2009 | | #§ | | | 2,000,000 | | | | 2,001,350 | |
| Wal-Mart Stores, Inc. | | | |
| 6.875% | 08/10/2009 | | § | | | 750,000 | | | | 754,884 | |
| | | | | | | | | | | 2,756,234 | |
Multi-National—1.0% |
| International Bank for Reconstruction & Development (Supranational) |
| 1.650% | 05/18/2011 | | § | | | 3,760,000 | | | | 3,777,608 | |
Oil, Gas & Consumable Fuels—1.4% |
| Chevron Corp. | | | |
| 3.950% | 03/03/2014 | | | | | 1,000,000 | | | | 1,030,655 | |
| ConocoPhillips | | | |
| 8.750% | 05/25/2010 | | § | | | 1,800,000 | | | | 1,921,729 | |
| 4.750% | 02/01/2014 | | | | | 750,000 | | | | 781,688 | |
| Consolidated Natural Gas Co., Series C | | | |
| 6.250% | 11/01/2011 | | | | | 550,000 | | | | 587,233 | |
| Kinder Morgan Energy Partners LP | | | |
| 7.125% | 03/15/2012 | | | | | 900,000 | | | | 962,960 | |
| | | | | | | | | | | 5,284,265 | |
Pharmaceuticals—1.6% |
| AstraZeneca plc (United Kingdom) | | | |
| 0.948% | 09/11/2009 | | #§ | | | 1,100,000 | | | | 1,100,543 | |
| GlaxoSmithKline Capital, Inc. | | | |
| 1.545% | 05/13/2010 | | #§ | | | 1,100,000 | | | | 1,107,918 | |
| Novartis Capital Corp. | | | |
| 4.125% | 02/10/2014 | | | | | 600,000 | | | | 618,266 | |
| Pfizer, Inc. | | | |
| 4.450% | 03/15/2012 | | | | | 750,000 | | | | 787,429 | |
| 2.579% | 03/15/2011 | | #§ | | | 1,750,000 | | | | 1,803,859 | |
| Wyeth | | | |
| 6.950% | 03/15/2011 | | | | | 500,000 | | | | 541,563 | |
| | | | | | | | | | | 5,959,578 | |
Road & Rail—0.1% |
| Canadian National Railway Co. (Canada) | | | |
| 6.375% | 10/15/2011 | | § | | | 500,000 | | | | 544,934 | |
Software—0.8% |
| Microsoft Corp. | | | |
| 2.950% | 06/01/2014 | | | | | 900,000 | | | | 894,483 | |
| Oracle Corp. | | | |
| 0.966% | 05/14/2010 | | #§ | | | 2,200,000 | | | | 2,200,695 | |
| | | | | | | | | | | 3,095,178 | |
Specialty Retail—0.1% |
| GameStop Corp./GameStop, Inc. | | | |
| 8.000% | 10/01/2012 | | § | | | 550,000 | | | | 556,875 | |
Tobacco—0.4% |
| Alliance One International, Inc. | | | |
| 11.000% | 05/15/2012 | | | | | 1,500,000 | | | | 1,575,000 | |
Wireless Telecommunication Services—1.6% |
| Millicom International Cellular SA (Luxembourg) |
| 10.000% | 12/01/2013 | | | | | 1,500,000 | | | | 1,528,125 | |
|
See accompanying notes to financial statements.
179
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Diversified
Assets Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| New Cingular Wireless Services, Inc. | | | |
| 8.125% | 05/01/2012 | | | | $ | 455,000 | | | $ | 509,734 | |
| Sprint Capital Corp. | | | |
| 8.375% | 03/15/2012 | | § | | | 580,000 | | | | 574,200 | |
| Verizon Wireless Capital LLC | | | |
| 5.550% | 02/01/2014 | | ˆ | | | 500,000 | | | | 531,350 | |
| 3.750% | 05/20/2011 | | ˆ | | | 300,000 | | | | 306,280 | |
| 3.316% | 05/20/2011 | | #ˆ | | | 500,000 | | | | 514,870 | |
| Vodafone Group plc (United Kingdom) | | | |
| 7.750% | 02/15/2010 | | § | | | 1,100,000 | | | | 1,137,363 | |
| 4.150% | 06/10/2014 | | | | | 1,090,000 | | | | 1,074,079 | |
| | | | | | | | | | | 6,176,001 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $103,263,768) | | | | | 102,936,679 |
| |
U.S. GOVERNMENT AGENCY OBLIGATIONS—26.2% |
Government Backed Corporate (FDIC)
Obligations—1.3% |
| Bank of America NA |
| 1.700% | 12/23/2010 | | | | | 2,400,000 | | | | 2,428,613 | |
| General Electric Capital Corp. |
| 1.625% | 01/07/2011 | | | | | 1,538,000 | | | | 1,553,389 | |
| JPMorgan Chase & Co. |
| 1.650% | 02/23/2011 | | | | | 1,175,000 | | | | 1,185,491 | |
| | | | | | | | | | | 5,167,493 | |
U.S. Government Agency Obligations—24.9% |
| Federal Farm Credit Bank |
| 4.750% | 05/07/2010 | | § | | | 12,500,000 | | | | 12,953,312 | |
| 1.449% | 01/24/2011 | | # | | | 3,000,000 | | | | 3,024,630 | |
| Federal Home Loan Bank |
| 5.000% | 09/18/2009 | | | | | 4,235,000 | | | | 4,276,998 | |
| 3.375% | 12/18/2009 | | | | | 6,600,000 | | | | 6,692,407 | |
| 0.259% | 09/14/2009 | | # | | | 6,000,000 | | | | 5,999,850 | |
| Federal Home Loan Bank Discount Notes |
| 1.010% | 02/12/2010 | | | | | 1,700,000 | | | | 1,696,532 | |
| 0.999% | 02/04/2010 | | | | | 1,000,000 | | | | 998,032 | |
| 0.857% | 12/10/2009 | | | | | 4,500,000 | | | | 4,495,037 | |
| 0.857% | 01/11/2010 | | | | | 10,000,000 | | | | 9,983,560 | |
| 0.806% | 12/08/2009 | | | | | 2,000,000 | | | | 1,997,822 | |
| 0.705% | 01/13/2010 | | | | | 3,500,000 | | | | 3,494,187 | |
| 0.623% | 09/25/2009 | | | | | 1,500,000 | | | | 1,499,551 | |
| Federal Home Loan Mortgage Corp. |
| 1.625% | 04/26/2011 | | § | | | 7,905,000 | | | | 7,968,754 | |
| 0.473% | 09/25/2009 | | # | | | 4,000,000 | | | | 4,003,092 | |
| Federal Home Loan Mortgage Corp. Discount Note |
| 0.948% | 02/08/2010 | | | | | 3,500,000 | | | | 3,492,986 | |
| Federal National Mortgage Association |
| 2.150% | 05/04/2012 | | | | | 3,350,000 | | | | 3,350,951 | |
| 1.500% | 09/16/2010 | | § | | | 10,400,000 | | | | 10,506,600 | |
| 1.375% | 04/28/2011 | | | | | 1,500,000 | | | | 1,504,557 | |
| 1.029% | 07/13/2010 | | # | | | 5,000,000 | | | | 5,005,725 | |
| Federal National Mortgage Association Discount Note |
| 0.806% | 11/16/2009 | | | | | 2,400,000 | | | | 2,398,114 | |
| | | | | | | | | | | 95,342,697 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $99,943,037) | | | | | 100,510,190 | |
| | | | | | | | |
|
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—4.0% |
U.S. Government Agency Mortgage-Backed
Securities—4.0% |
| Federal Home Loan Mortgage Corp. REMICS |
| 5.500% | 07/15/2027 | | § | | $ | 3,264,565 | | | $ | 3,362,552 | |
| 4.500% | 12/15/2022 | | | | | 1,850,425 | | | | 1,899,632 | |
| 3.000% | 03/15/2030 | | § | | | 4,389,157 | | | | 4,373,829 | |
| Federal National Mortgage Association REMICS |
| 5.000% | 06/25/2019 | | § | | | 1,995,432 | | | | 2,083,215 | |
| Government National Mortgage Association |
| 6.500% | 01/15/2039 | | | | | 1,723,495 | | | | 1,830,473 | |
| 4.500% | 04/20/2024 | | | | | 1,784,076 | | | | 1,841,322 | |
TOTAL U.S. GOVERNMENT AGENCY
MORTGAGE-BACKED SECURITIES |
| (Cost $15,331,577) | | | | | | 15,391,023 |
| |
U.S. TREASURY OBLIGATIONS—14.5% |
U.S. Treasury Bills—7.2% |
| U.S. Treasury Bill |
| 0.351% | 02/11/2010 | | ‡‡ | | | 6,150,000 | | | | 6,136,470 | |
| 0.280% | 12/10/2009 | | | | | 5,000,000 | | | | 4,993,320 | |
| 0.190% | 09/17/2009 | | | | | 2,000,000 | | | | 1,999,254 | |
| 0.171% | 08/20/2009 | | | | | 3,000,000 | | | | 2,999,458 | |
| 0.167% | 08/13/2009 | | | | | 5,700,000 | | | | 5,699,058 | |
| 0.160% | 09/10/2009 | | ‡‡ | | | 5,620,000 | | | | 5,618,280 | |
| | | | | | | | | | | 27,445,840 | |
U.S. Treasury Inflation Protected Securities Notes—0.8% |
| U.S. Treasury Note |
| 2.000% | 01/15/2016 | | | | | 2,903,000 | | | | 3,169,608 | |
U.S. Treasury Notes—6.5% |
| U.S. Treasury Note |
| 1.375% | 04/15/2012 | | | | | 7,800,000 | | | | 7,773,800 | |
| 0.875% | 02/28/2011 | | | | | 17,000,000 | | | | 16,993,421 | |
| | | | | | | | | | | 24,767,221 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $55,398,721) | | | | | | 55,382,669 | |
| |
MUNICIPAL OBLIGATIONS—1.9% |
| California General Obligation Bonds (California) | | |
| 5.250% | 04/01/2014 | | | | | 700,000 | | | | 688,156 | |
| Citizens Property Insurance Corp. Revenue Bonds (Florida) | | |
| 5.000% | 06/01/2012 | | | | | 1,100,000 | | | | 1,121,659 | |
Citizens Property Insurance Corp. Revenue Notes,
Series 2009 A-2 (Florida) | | |
| 4.500% | 06/01/2010 | | § | | | 3,500,000 | | | | 3,546,340 | |
| New Jersey Economic Development Authority Revenue Bonds, Series 2004 (New Jersey) | | |
| 5.000% | 06/15/2011 | | | | | 400,000 | | | | 399,620 | |
| New York State Urban Development Corp. Revenue Bonds, Series A (New York) | | |
| 5.500% | 01/01/2017 | | #§ | | | 1,300,000 | | | | 1,355,965 | |
TOTAL MUNICIPAL OBLIGATIONS |
| (Cost $7,104,747) | | | | | | 7,111,740 | |
| |
SOVEREIGN DEBT OBLIGATIONS—1.2% |
Government Issued—1.2% |
| Brazilian Government International Bond (Brazil) |
| 10.250% | 06/17/2013 | | | | | 510,000 | | | | 623,730 | |
See accompanying notes to financial statements.
180
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Diversified
Assets Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
SOVEREIGN DEBT OBLIGATIONS—(Continued) |
| Colombia Government International Bond (Colombia) |
| 10.000% | 01/23/2012 | | | | $ | 1,070,000 | | | $ | 1,241,200 | |
| Mexico Government International Bond, Series A MTN (Mexico) | | | |
| 6.375% | 01/16/2013 | | | | | 1,060,000 | | | | 1,150,100 | |
| Panama Government International Bond (Panama) | | | |
| 9.375% | 07/23/2012 | | | | | 450,000 | | | | 510,750 | |
| Republic of South Africa (South Africa) | | | |
| 7.375% | 04/25/2012 | | | | | 1,060,000 | | | | 1,140,825 | |
TOTAL SOVEREIGN DEBT OBLIGATIONS |
| (Cost $4,610,046) | | | | | | 4,666,605 | |
| |
ASSET BACKED SECURITIES—13.0% |
Automobile—4.5% |
| Bank of America Auto Trust |
| Series 2008-1A, Class A2B |
| 1.615% | 06/20/2011 | | #ˆ | | | 1,414,743 | | | | 1,415,192 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A1 |
| 0.792% | 06/15/2010 | | § | | | 1,890,000 | | | | 1,891,044 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A2 |
| 2.040% | 04/15/2011 | | § | | | 3,600,000 | | | | 3,609,975 | |
| Capital Auto Receivables Asset Trust |
| Series 2007-SN1, Class A3B |
| 0.379% | 07/15/2010 | | #§ | | | 898,392 | | | | 884,184 | |
| Carmax Auto Owner Trust |
| Series 2009-1, Class A1 |
| 1.664% | 05/07/2010 | | § | | | 511,530 | | | | 512,277 | |
| Ford Credit Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.600% | 05/15/2011 | | ˆ | | | 830,000 | | | | 832,075 | |
| Ford Credit Auto Lease Trust |
| Series 2009-A, Class A1 |
| 1.237% | 06/15/2010 | | ˆ | | | 600,000 | | | | 594,656 | |
| Honda Auto Receivables Owner Trust |
| Series 2009-2, Class A1 |
| 1.318% | 05/17/2010 | | § | | | 789,681 | | | | 791,080 | |
| Huntington Auto Trust |
| Series 2008-1A, Class A2B |
| 1.319% | 11/15/2010 | | #ˆ | | | 745,998 | | | | 747,134 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A1 |
| 1.043% | 06/15/2010 | | § | | | 1,100,000 | | | | 1,101,278 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.010% | 04/15/2011 | | | | | 940,000 | | | | 942,308 | |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A1 |
| 1.452% | 05/17/2010 | | § | | | 1,147,611 | | | | 1,149,034 | |
| Wachovia Auto Loan Owner Trust |
| Series 2007-1, Class A3A |
| 5.290% | 04/20/2012 | | | | | 1,829,070 | | | | 1,870,182 | |
| World Omni Auto Receivables Trust |
| Series 2009-A, Class A1 |
| 1.622% | 04/15/2010 | | § | | | 649,513 | | | | 650,654 | |
| | | | | | | | | | | 16,991,073 | |
Credit Card—3.0% |
| American Express Credit Account Master Trust |
| Series 2004-5, Class B |
| 0.569% | 04/16/2012 | | # | | $ | 1,750,000 | | | $ | 1,742,658 | |
| BA Credit Card Trust |
| Series 2006-A10, Class A10 |
| 0.299% | 02/15/2012 | | #§ | | | 3,400,000 | | | | 3,396,862 | |
| Bank One Issuance Trust |
| Series 2004-B1, Class B1 |
| 0.639% | 03/15/2012 | | # | | | 2,000,000 | | | | 1,998,633 | |
| Citibank Credit Card Issuance Trust |
| Series 2006-C4, Class C4 |
| 0.538% | 01/09/2012 | | # | | | 2,180,000 | | | | 2,145,429 | |
| GE Capital Credit Card Master Note Trust |
| Series 2005-3, Class B |
| 0.619% | 06/15/2013 | | # | | | 1,500,000 | | | | 1,374,287 | |
| Household Credit Card Master Note Trust I |
| Series 2006-1, Class B |
| 0.459% | 06/15/2012 | | # | | | 1,000,000 | | | | 966,458 | |
| | | | | | | | | | | 11,624,327 | |
Home Equity—5.0% |
| Aegis Asset Backed Securities Trust |
| Series 2005-3, Class A2 |
| 0.554% | 08/25/2035 | | # | | | 259,898 | | | | 252,790 | |
| Ameriquest Mortgage Securities, Inc. |
| Series 2005-R7, Class A2C |
| 0.574% | 09/25/2035 | | # | | | 479,678 | | | | 437,849 | |
| Ameriquest Mortgage Securities, Inc. |
| Series 2003-AR3, Class M2 |
| 3.389% | 10/25/2033 | | # | | | 1,170,388 | | | | 1,000,193 | |
| Argent Securities, Inc. |
| Series 2005-W2, Class A2B1 |
| 0.514% | 10/25/2035 | | # | | | 1,538,629 | | | | 1,274,616 | |
| Argent Securities, Inc. |
| Series 2006-W3, Class A2B |
| 0.434% | 04/25/2036 | | # | | | 434,806 | | | | 416,601 | |
| Bear Stearns Asset Backed Securities Trust |
| Series 2006-HE6, Class 1A1 |
| 0.344% | 07/25/2036 | | # | | | 291,360 | | | | 288,032 | |
| Countrywide Asset-Backed Certificates |
| Series 2005-12, Class 2A3 |
| 5.069% | 02/25/2036 | | # | | | 1,022,066 | | | | 919,245 | |
| Countrywide Asset-Backed Certificates |
| Series 2005-11, Class 3AV2 |
| 0.604% | 02/25/2036 | | # | | | 1,030,307 | | | | 935,035 | |
| Countrywide Asset-Backed Certificates |
| Series 2004-AB1, Class 2A3 |
| 0.834% | 02/25/2035 | | # | | | 929,422 | | | | 830,060 | |
| First Franklin Mortgage Loan Asset Backed Certificates |
| Series 2005-FF8, Class A2C |
| 0.584% | 09/25/2035 | | # | | | 194,194 | | | | 191,338 | |
| First Franklin Mortgage Loan Asset Backed Certificates |
| Series 2005-FF6, Class A2B |
| 0.534% | 05/25/2036 | | # | | | 242,788 | | | | 236,471 | |
| Lehman XS Trust |
| Series 2005-8, Class 2A1A |
| 0.514% | 12/25/2035 | | # | | | 1,074,841 | | | | 1,008,499 | |
| Long Beach Mortgage Loan Trust |
| Series 2005-WL2, Class 3A1 |
| 0.494% | 08/25/2035 | | # | | | 242,154 | | | | 235,394 | |
| Mastr Asset Backed Securities Trust |
| Series 2006-WMC1, Class A2 |
| 0.424% | 02/25/2036 | | # | | | 303,728 | | | | 296,289 | |
| Option One Mortgage Loan Trust |
| Series 2006-1, Class 2A2 |
| 0.444% | 01/25/2036 | | # | | | 345,278 | | | | 331,362 | |
See accompanying notes to financial statements.
181
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Diversified
Assets Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
ASSET BACKED SECURITIES—(Continued) |
| Option One Mortgage Loan Trust |
| Series 2005-4, Class A3 |
| 0.574% | 11/25/2035 | | # | | $ | 1,517,312 | | | $ | 1,139,060 | |
| Park Place Securities, Inc. |
| Series 2004-WHQ2, Class A3E |
| 0.734% | 02/25/2035 | | # | | | 1,219,473 | | | | 1,047,565 | |
| Residential Asset Mortgage Products, Inc. |
| Series 2005-RS2, Class AII3 |
| 0.664% | 02/25/2035 | | # | | | 786,622 | | | | 668,703 | |
| Residential Asset Securities Corp. |
| Series 2005-KS5, Class M1 |
| 0.724% | 06/25/2035 | | # | | | 777,526 | | | | 754,001 | |
| Saxon Asset Securities Trust |
| Series 2005-4, Class A2C |
| 0.564% | 11/25/2037 | | # | | | 1,412,689 | | | | 1,297,700 | |
| Soundview Home Equity Loan Trust |
| Series 2006-OPT4, Class 2A2 |
| 0.404% | 06/25/2036 | | # | | | 739,089 | | | | 709,788 | |
| Soundview Home Equity Loan Trust |
| Series 2006-OPT5, Class 2A2 |
| 0.404% | 07/25/2036 | | # | | | 136,807 | | | | 134,357 | |
| Soundview Home Equity Loan Trust |
| Series 2005-OPT4, Class 2A3 |
| 0.574% | 12/25/2035 | | # | | | 2,767,118 | | | | 2,009,876 | |
| Specialty Underwriting & Residential Finance |
| Series 2006-BC1, Class A2B |
| 0.464% | 12/25/2036 | | # | | | 243,656 | | | | 238,379 | |
| Specialty Underwriting & Residential Finance |
| Series 2005-BC3, Class A2C |
| 0.684% | 06/25/2036 | | # | | | 971,694 | | | | 910,867 | |
| Structured Asset Investment Loan Trust |
| Series 2006-BNC3, Class A2 |
| 0.354% | 09/25/2036 | | # | | | 401,691 | | | | 386,088 | |
| Structured Asset Investment Loan Trust |
| Series 2003-BC1, Class A2 |
| 0.994% | 01/25/2033 | | # | | | 2,753,105 | | | | 1,325,685 | |
| | | | | | | | | | | 19,275,843 | |
Other—0.5% |
| CNH Equipment Trust |
| Series 2009-B, Class A1 |
| 1.352% | 06/04/2010 | | § | | | 1,768,167 | | | | 1,770,396 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $52,451,529) | | | | | | 49,661,639 | |
| |
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES—0.9% |
Mortgage Backed—0.9% |
| HSI Asset Securitization Corp. Trust |
| Series 2005-NC2, Class 2A3 |
| 0.574% | 08/25/2035 | | # | | | 228,652 | | | | 219,421 | |
| Thornburg Mortgage Securities Trust |
| Series 2004-1, Class II2A |
| 3.411% | 03/25/2044 | | #§ | | | 1,199,032 | | | | 1,021,555 | |
| Wells Fargo Mortgage Backed Securities Trust |
| Series 2004-6, Class A13 |
| 0.764% | 06/25/2034 | | #§ | | | 2,128,682 | | | | 2,035,536 | |
TOTAL NON-U.S. GOVERNMENT
MORTGAGE-BACKED SECURITIES |
| (Cost $3,340,970) | | | | | | 3,276,512 | |
| |
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS—0.5% |
Non-U.S. Government Agency Obligations—0.5% |
| Japan Finance Corp. (Japan) | | | |
| 2.000% | 06/24/2011 | | | | $ | 500,000 | | | $ | 501,144 | |
| Kreditanstalt fuer Wiederaufbau (Germany) | | | |
| 1.875% | 03/15/2011 | | § | | | 1,400,000 | | | | 1,415,392 | |
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $1,897,854) | | | | | | 1,916,536 | |
| |
|
|
|
| Contracts
|
| Value
|
|
|---|
PURCHASED OPTIONS—0.1% |
| Call - - Euro Bund, Expires 08/24/2009, Strike EUR 94.63 | | | | 5 | | | | 56,815 | |
| Call - - U.S. 10 Year Note Futures, Expires 08/21/2009, Strike $104.00 | | | | 39 | | | | 478,969 | |
TOTAL PURCHASED OPTIONS | | | |
| (Cost $417,520) | | | | | | | | 535,784 | |
| |
|
|
|
| Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—11.6% |
Institutional Money Market Fund—11.6% | | | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | | | | | | |
| (Cost $44,611,823) | | | | 44,611,823 | | | | 44,611,823 | |
TOTAL INVESTMENTS—100.8% | | | |
| (Cost $388,371,592) | | | | | | 386,001,200 | |
| Other assets less liabilities—(0.8%) | | | | | | (2,971,466 | ) |
NET ASSETS—100.0% | | | | | $ | 383,029,734 | |
| Notes to the Schedule of Investments: | |
|---|
| EUR | | | | European Monetary Unit |
| MTN | | | | Medium Term Note |
| REMICS | | | | Real Estate Mortgage Investment Conduits |
| § | | | | Security has been segregated to cover economic leverage under certain derivatives contracts which may include, but are not limited to, futures, swaps, forwards, options and TBA’s. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| ˆ | | | | Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. 144A securities represent 2.5% of Total Investments. |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. |
See accompanying notes to financial statements.
182
SCHEDULE OF INVESTMENTS
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—19.5% |
Aerospace & Defense—0.2% |
| Boeing Co. (The) |
| 6.125% | 02/15/2033 | | | | $ | 100,000 | | | $ | 102,133 | |
| 5.125% | 02/15/2013 | | | | | 250,000 | | | | 266,084 | |
| Lockheed Martin Corp., Series B |
| 6.150% | 09/01/2036 | | | | | 250,000 | | | | 267,773 | |
| Northrop Grumman Systems Corp. |
| 7.750% | 02/15/2031 | | | | | 250,000 | | | | 313,742 | |
| United Technologies Corp. |
| 6.700% | 08/01/2028 | | | | | 150,000 | | | | 157,663 | |
| 6.100% | 05/15/2012 | | | | | 50,000 | | | | 53,904 | |
| 4.875% | 05/01/2015 | | | | | 500,000 | | | | 532,359 | |
| | | | | | | | | | | 1,693,658 | |
Airlines—0.0% |
| Continental Airlines, Inc., Series 1998-1, Class 1A |
| 6.648% | 09/15/2017 | | | | | 405,750 | | | | 332,715 | |
Auto Components—0.0% |
| Johnson Controls, Inc. |
| 5.500% | 01/15/2016 | | | | | 250,000 | | | | 232,125 | |
Automobiles—0.1% |
| Daimler Finance North America LLC |
| 7.300% | 01/15/2012 | | | | | 1,000,000 | | | | 1,036,138 | |
| 7.200% | 09/01/2009 | | | | | 350,000 | | | | 351,583 | |
| | | | | | | | | | | 1,387,721 | |
Banks—1.9% |
| Bank of America Corp. |
| 7.750% | 08/15/2015 | | † | | | 750,000 | | | | 746,637 | |
| 6.800% | 03/15/2028 | | | | | 500,000 | | | | 415,494 | |
| 5.750% | 12/01/2017 | | | | | 1,000,000 | | | | 891,860 | |
| 5.420% | 03/15/2017 | | | | | 700,000 | | | | 582,180 | |
| Citigroup, Inc. |
| 6.625% | 06/15/2032 | | | | | 150,000 | | | | 123,314 | |
| 6.125% | 11/21/2017 | | † | | | 750,000 | | | | 658,604 | |
| 6.000% | 02/21/2012 | | | | | 350,000 | | | �� | 346,259 | |
| 6.000% | 08/15/2017 | | † | | | 600,000 | | | | 523,865 | |
| 5.850% | 12/11/2034 | | | | | 500,000 | | | | 389,429 | |
| 5.625% | 08/27/2012 | | | | | 150,000 | | | | 140,534 | |
| 5.500% | 04/11/2013 | | | | | 1,000,000 | | | | 938,023 | |
| Goldman Sachs Group, Inc. (The) |
| 6.875% | 01/15/2011 | | | | | 250,000 | | | | 264,398 | |
| 6.600% | 01/15/2012 | | | | | 650,000 | | | | 692,474 | |
| 6.250% | 09/01/2017 | | | | | 1,000,000 | | | | 990,987 | |
| 6.150% | 04/01/2018 | | | | | 500,000 | | | | 487,598 | |
| 6.125% | 02/15/2033 | | | | | 700,000 | | | | 655,290 | |
| 5.700% | 09/01/2012 | | | | | 250,000 | | | | 261,888 | |
| 5.450% | 11/01/2012 | | | | | 500,000 | | | | 517,386 | |
| 5.150% | 01/15/2014 | | | | | 500,000 | | | | 502,331 | |
| 5.125% | 01/15/2015 | | | | | 500,000 | | | | 492,397 | |
| HSBC Holdings plc (United Kingdom) |
| 5.250% | 12/12/2012 | | | | | 150,000 | | | | 155,594 | |
| JPMorgan Chase & Co. |
| 6.625% | 03/15/2012 | | † | | | 1,500,000 | | | | 1,580,108 | |
| 6.400% | 05/15/2038 | | | | | 300,000 | | | | 301,744 | |
| 5.750% | 01/02/2013 | | † | | | 750,000 | | | | 774,065 | |
| 5.375% | 10/01/2012 | | | | | 270,000 | | | | 282,974 | |
| 4.750% | 03/01/2015 | | | | | 1,000,000 | | | | 1,008,398 | |
| Morgan Stanley |
| 7.250% | 04/01/2032 | | | | | 100,000 | | | | 99,598 | |
| 6.750% | 04/15/2011 | | | | | 1,500,000 | | | | 1,572,010 | |
| Morgan Stanley MTN |
| 5.450% | 01/09/2017 | | | | $ | 1,000,000 | | | $ | 935,186 | |
| Morgan Stanley, Series F MTN |
| 5.950% | 12/28/2017 | | | | | 500,000 | | | | 480,564 | |
| Royal Bank of Scotland Group plc (United Kingdom) |
| 5.000% | 10/01/2014 | | | | | 750,000 | | | | 600,212 | |
| | | | | | | | | | | 18,411,401 | |
Beverages—0.4% |
| Anheuser-Busch Cos., Inc. |
| 6.800% | 01/15/2031 | | | | | 350,000 | | | | 323,843 | |
| Bottling Group LLC |
| 5.500% | 04/01/2016 | | | | | 500,000 | | | | 531,987 | |
| Cia de Bebidas das Americas (Brazil) |
| 8.750% | 09/15/2013 | | | | | 100,000 | | | | 114,500 | |
| Coca-Cola Enterprises, Inc. |
| 8.500% | 02/01/2022 | | | | | 500,000 | | | | 651,111 | |
| Diageo Finance BV (Netherlands) |
| 5.300% | 10/28/2015 | | | | | 750,000 | | | | 785,271 | |
| PepsiCo, Inc. |
| 3.750% | 03/01/2014 | | | | | 1,000,000 | | | | 1,021,181 | |
| | | | | | | | | | | 3,427,893 | |
Biotechnology—0.2% |
| Amgen, Inc. |
| 6.150% | 06/01/2018 | | | | | 1,000,000 | | | | 1,088,884 | |
| 5.850% | 06/01/2017 | | | | | 250,000 | | | | 265,698 | |
| Genentech, Inc. |
| 5.250% | 07/15/2035 | | † | | | 100,000 | | | | 93,483 | |
| 4.750% | 07/15/2015 | | | | | 200,000 | | | | 206,909 | |
| 4.400% | 07/15/2010 | | | | | 100,000 | | | | 102,904 | |
| | | | | | | | | | | 1,757,878 | |
Capital Markets—0.9% |
| Bear Stearns Cos. LLC (The) |
| 7.250% | 02/01/2018 | | | | | 250,000 | | | | 263,918 | |
| 5.700% | 11/15/2014 | | | | | 50,000 | | | | 51,002 | |
| Bear Stearns Cos. LLC (The), Series B MTN |
| 6.950% | 08/10/2012 | | | | | 500,000 | | | | 543,807 | |
| Boston Properties LP |
| 6.250% | 01/15/2013 | | | | | 750,000 | | | | 747,103 | |
| Camden Property Trust |
| 5.000% | 06/15/2015 | | † | | | 200,000 | | | | 176,752 | |
| Credit Suisse USA, Inc. |
| 6.500% | 01/15/2012 | | | | | 350,000 | | | | 377,913 | |
| 6.125% | 11/15/2011 | | | | | 1,000,000 | | | | 1,071,233 | |
| 5.500% | 08/15/2013 | | † | | | 150,000 | | | | 156,482 | |
| 5.125% | 01/15/2014 | | | | | 500,000 | | | | 509,615 | |
| 5.125% | 08/15/2015 | | | | | 500,000 | | | | 513,384 | |
| ERP Operating LP |
| 5.375% | 08/01/2016 | | † | | | 500,000 | | | | 460,626 | |
| 5.200% | 04/01/2013 | | | | | 250,000 | | | | 246,848 | |
| HCP, Inc. MTN |
| 6.700% | 01/30/2018 | | | | | 500,000 | | | | 435,024 | |
| Jefferies Group, Inc. |
| 6.250% | 01/15/2036 | | | | | 350,000 | | | | 242,080 | |
| Lehman Brothers Holdings, Inc. |
| 6.875% | 07/17/2037 | | 5 | | | 500,000 | | | | 50 | |
| 6.500% | 07/19/2017 | | 5† | | | 500,000 | | | | 50 | |
| Merrill Lynch & Co., Inc. |
| 6.875% | 11/15/2018 | | | | | 250,000 | | | | 231,124 | |
| 6.220% | 09/15/2026 | | | | | 1,000,000 | | | | 824,217 | |
| Merrill Lynch & Co., Inc. MTN |
| 6.875% | 04/25/2018 | | | | | 750,000 | | | | 695,278 | |
| ProLogis |
| 5.625% | 11/15/2016 | | | | | 250,000 | | | | 192,445 | |
See accompanying notes to financial statements.
183
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Realty Income Corp. |
| 6.750% | 08/15/2019 | | | | $ | 350,000 | | | $ | 315,871 | |
| Simon Property Group LP |
| 6.350% | 08/28/2012 | | | | | 250,000 | | | | 254,469 | |
| Washington Mutual Bank FA |
| 5.650% | 08/15/2014 | | 5 | | | 250,000 | | | | 312 | |
| | | | | | | | | | | 8,309,603 | |
Chemicals—0.2% |
| Dow Chemical Co. (The) |
| 7.375% | 11/01/2029 | | | | | 250,000 | | | | 227,774 | |
| 6.000% | 10/01/2012 | | | | | 150,000 | | | | 151,972 | |
| E.I. du Pont de Nemours & Co. |
| 6.875% | 10/15/2009 | | | | | 150,000 | | | | 152,788 | |
| 4.750% | 11/15/2012 | | | | | 500,000 | | | | 529,768 | |
| Monsanto Co. |
| 5.500% | 08/15/2025 | | † | | | 500,000 | | | | 503,427 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) |
| 4.875% | 03/01/2013 | | | | | 500,000 | | | | 514,141 | |
| Praxair, Inc. |
| 3.950% | 06/01/2013 | | | | | 150,000 | | | | 152,952 | |
| | | | | | | | | | | 2,232,822 | |
Commercial Banks—1.1% |
| Bank of Tokyo-Mitsubishi UFJ Ltd. |
| 7.400% | 06/15/2011 | | | | | 250,000 | | | | 257,351 | |
| Bank One Corp. |
| 5.900% | 11/15/2011 | | | | | 750,000 | | | | 785,896 | |
| Barclays Bank plc (United Kingdom) |
| 5.450% | 09/12/2012 | | | | | 1,000,000 | | | | 1,043,369 | |
| BB&T Corp. |
| 5.250% | 11/01/2019 | | | | | 500,000 | | | | 449,712 | |
| Capital One Financial Corp. |
| 6.150% | 09/01/2016 | | | | | 500,000 | | | | 443,132 | |
| Fifth Third Capital Trust IV |
| 6.500% | 04/15/2037 | | # | | | 1,000,000 | | | | 609,750 | |
| First Union Institutional Capital I |
| 8.040% | 12/01/2026 | | | | | 1,000,000 | | | | 826,412 | |
| FleetBoston Financial Corp. |
| 6.875% | 01/15/2028 | | | | | 150,000 | | | | 127,069 | |
| JPMorgan Chase Bank NA, Bank Note | | |
| 6.000% | 10/01/2017 | | | | | 500,000 | | | | 487,447 | |
| National City Corp. |
| 6.875% | 05/15/2019 | | | | | 500,000 | | | | 480,577 | |
| Regions Bank |
| 6.450% | 06/26/2037 | | | | | 500,000 | | | | 317,079 | |
| Royal Bank of Canada (Canada) |
| 5.650% | 07/20/2011 | | | | | 500,000 | | | | 533,316 | |
| Suntrust Banks, Inc. |
| 5.200% | 01/17/2017 | | | | | 250,000 | | | | 218,722 | |
| Swiss Bank Corp. of New York |
| 7.375% | 06/15/2017 | | | | | 100,000 | | | | 92,966 | |
| 7.000% | 10/15/2015 | | | | | 100,000 | | | | 96,485 | |
| U.S. Bank NA, Bank Note |
| 4.800% | 04/15/2015 | | | | | 250,000 | | | | 245,911 | |
| UBS AG (Switzerland) |
| 5.875% | 07/15/2016 | | | | | 1,000,000 | | | | 866,789 | |
| Wachovia Bank NA, Bank Note |
| 4.875% | 02/01/2015 | | | | | 1,500,000 | | | | 1,434,051 | |
| Wells Fargo & Co. |
| 5.000% | 11/15/2014 | | | | | 750,000 | | | | 749,560 | |
| Wells Fargo Bank NA |
| 5.950% | 08/26/2036 | | | | | 500,000 | | | | 448,868 | |
| Wells Fargo Bank NA, Bank Note |
| 6.450% | 02/01/2011 | | | | $ | 250,000 | | | $ | 261,488 | |
| | | | | | | | | | | 10,775,950 | |
Commercial Services & Supplies—0.1% |
| R.R. Donnelley & Sons Co. |
| 4.950% | 04/01/2014 | | | | | 550,000 | | | | 479,264 | |
| Waste Management, Inc. |
| 7.000% | 07/15/2028 | | | | | 550,000 | | | | 522,085 | |
| | | | | | | | | | | 1,001,349 | |
Communications Equipment—0.1% |
| Cisco Systems, Inc. |
| 5.500% | 02/22/2016 | | | | | 500,000 | | | | 530,432 | |
| 4.950% | 02/15/2019 | | | | | 500,000 | | | | 500,923 | |
| Motorola, Inc. |
| 7.500% | 05/15/2025 | | | | | 500,000 | | | | 383,283 | |
| | | | | | | | | | | 1,414,638 | |
Computers & Peripherals—0.1% |
| International Business Machines Corp. |
| 7.000% | 10/30/2025 | | | | | 500,000 | | | | 569,261 | |
| 4.750% | 11/29/2012 | | | | | 250,000 | | | | 268,275 | |
| | | | | | | | | | | 837,536 | |
Construction Materials—0.1% |
| CRH America, Inc. |
| 6.000% | 09/30/2016 | | | | | 750,000 | | | | 668,391 | |
| Lafarge SA (France) |
| 6.500% | 07/15/2016 | | | | | 750,000 | | | | 690,551 | |
| | | | | | | | | | | 1,358,942 | |
Consumer Finance—0.9% |
| American Express Co. |
| 6.800% | 09/01/2066 | | # | | | 1,000,000 | | | | 720,933 | |
| 4.875% | 07/15/2013 | | | | | 1,000,000 | | | | 977,650 | |
| Boeing Capital Corp. |
| 6.100% | 03/01/2011 | | | | | 500,000 | | | | 532,793 | |
| HSBC Finance Capital Trust IX |
| 5.911% | 11/30/2035 | | # | | | 500,000 | | | | 264,612 | |
| HSBC Finance Corp. |
| 8.000% | 07/15/2010 | | † | | | 750,000 | | | | 778,826 | |
| 7.000% | 05/15/2012 | | | | | 1,500,000 | | | | 1,547,447 | |
| 6.375% | 11/27/2012 | | | | | 1,000,000 | | | | 1,017,914 | |
| International Lease Finance Corp., Series Q MTN |
| 5.450% | 03/24/2011 | | | | | 1,000,000 | | | | 838,677 | |
| John Deere Capital Corp. |
| 7.000% | 03/15/2012 | | | | | 350,000 | | | | 384,593 | |
| ORIX Corp. (Japan) |
| 5.480% | 11/22/2011 | | | | | 250,000 | | | | 230,602 | |
| SLM Corp. |
| 5.450% | 04/25/2011 | | | | | 750,000 | | | | 690,286 | |
| SLM Corp., Series A MTN |
| 5.000% | 10/01/2013 | | | | | 500,000 | | | | 404,795 | |
| | | | | | | | | | | 8,389,128 | |
Diversified Financial Services—1.2% |
| Associates Corp. of North America |
| 6.950% | 11/01/2018 | | | | | 250,000 | | | | 224,041 | |
| AXA Financial, Inc. |
| 7.750% | 08/01/2010 | | | | | 100,000 | | | | 100,300 | |
| BP Capital Markets plc (United Kingdom) |
| 5.250% | 11/07/2013 | | | | | 1,000,000 | | | | 1,074,354 | |
| Deutsche Bank AG (Germany) |
| 6.000% | 09/01/2017 | | | | | 1,150,000 | | | | 1,175,009 | |
| Deutsche Bank Financial LLC MTN |
| 5.375% | 03/02/2015 | | † | | | 250,000 | | | | 242,938 | |
See accompanying notes to financial statements.
184
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| General Electric Capital Corp. |
| 6.375% | 11/15/2067 | | # | | $ | 1,000,000 | | | $ | 668,184 | |
| 4.800% | 05/01/2013 | | † | | | 1,000,000 | | | | 1,001,954 | |
| General Electric Capital Corp. MTN |
| 5.875% | 01/14/2038 | | | | | 600,000 | | | | 476,266 | |
| 5.400% | 02/15/2017 | | | | | 250,000 | | | | 242,425 | |
| General Electric Capital Corp., Series A MTN |
| 6.750% | 03/15/2032 | | | | | 750,000 | | | | 675,122 | |
| 6.000% | 06/15/2012 | | | | | 1,000,000 | | | | 1,051,898 | |
| 5.875% | 02/15/2012 | | † | | | 500,000 | | | | 522,561 | |
| 5.625% | 09/15/2017 | | † | | | 750,000 | | | | 718,942 | |
| 4.625% | 09/15/2009 | | | | | 400,000 | | | | 402,587 | |
| IBM International Group Capital LLC |
| 5.050% | 10/22/2012 | | | | | 990,000 | | | | 1,060,558 | |
National Rural Utilities Cooperative Finance Corp.,
Series C MTN |
| 7.250% | 03/01/2012 | | | | | 500,000 | | | | 546,451 | |
| Santander Central Hispano Issuances Ltd. (Cayman Islands) |
| 7.625% | 09/14/2010 | | | | | 350,000 | | | | 359,316 | |
| Western Union Co. (The) |
| 5.400% | 11/17/2011 | | | | | 750,000 | | | | 784,291 | |
| | | | | | | | | | | 11,327,197 | |
Diversified Telecommunication Services—1.4% |
| AT&T, Inc. |
| 6.550% | 02/15/2039 | | † | | | 600,000 | | | | 600,884 | |
| 6.300% | 01/15/2038 | | | | | 250,000 | | | | 242,346 | |
| 6.250% | 03/15/2011 | | | | | 250,000 | | | | 265,012 | |
| 6.150% | 09/15/2034 | | | | | 500,000 | | | | 476,137 | |
| 5.625% | 06/15/2016 | | | | | 150,000 | | | | 154,585 | |
| BellSouth Capital Funding Corp. |
| 7.875% | 02/15/2030 | | | | | 900,000 | | | | 996,919 | |
| BellSouth Corp. |
| 6.875% | 10/15/2031 | | | | | 350,000 | | | | 361,601 | |
| 6.000% | 10/15/2011 | | | | | 250,000 | | | | 267,238 | |
| British Telecommunications plc (United Kingdom) |
| 9.125% | 12/15/2030 | | | | | 150,000 | | | | 166,697 | |
| 8.625% | 12/15/2010 | | | | | 1,000,000 | | | | 1,062,432 | |
| Deutsche Telekom International Finance BV (Netherlands) |
| 8.750% | 06/15/2030 | | | | | 750,000 | | | | 880,324 | |
| Embarq Corp. |
| 7.082% | 06/01/2016 | | | | | 500,000 | | | | 488,951 | |
| France Telecom SA (France) |
| 8.500% | 03/01/2031 | | | | | 500,000 | | | | 643,962 | |
| Koninklijke KPN NV (Netherlands) |
| 8.000% | 10/01/2010 | | | | | 350,000 | | | | 367,355 | |
| Qwest Corp. |
| 6.500% | 06/01/2017 | | | | | 500,000 | | | | 442,500 | |
| Telecom Italia Capital SA (Luxembourg) |
| 6.999% | 06/04/2018 | | | | | 500,000 | | | | 506,660 | |
| 6.000% | 09/30/2034 | | | | | 250,000 | | | | 211,779 | |
| 5.250% | 11/15/2013 | | | | | 350,000 | | | | 343,535 | |
| 4.950% | 09/30/2014 | | | | | 500,000 | | | | 479,201 | |
| Telefonica Emisiones SAU (Spain) |
| 6.421% | 06/20/2016 | | | | | 500,000 | | | | 535,357 | |
| Telefonica Europe BV (Netherlands) |
| 8.250% | 09/15/2030 | | | | | 350,000 | | | | 434,519 | |
| Verizon Communications, Inc. |
| 6.400% | 02/15/2038 | | | | | 500,000 | | | | 491,078 | |
| 5.850% | 09/15/2035 | | | | | 750,000 | | | | 699,821 | |
| Verizon Global Funding Corp. |
| 7.750% | 12/01/2030 | | | | | 500,000 | | | | 559,923 | |
| 7.375% | 09/01/2012 | | | | | 1,000,000 | | | | 1,119,512 | |
| Verizon Virginia, Inc., Series A |
| 4.625% | 03/15/2013 | | | | $ | 250,000 | | | $ | 250,759 | |
| | | | | | | | | | | 13,049,087 | |
Electric Utilities—1.5% |
| Alabama Power Co., Series Q |
| 5.500% | 10/15/2017 | | | | | 150,000 | | | | 158,706 | |
| Arizona Public Service Co. |
| 6.500% | 03/01/2012 | | | | | 150,000 | | | | 155,148 | |
| Columbus Southern Power Co., Series C |
| 5.500% | 03/01/2013 | | | | | 150,000 | | | | 155,078 | |
| Commonwealth Edison Co. |
| 5.800% | 03/15/2018 | | | | | 100,000 | | | | 101,724 | |
| Consolidated Edison Co. of New York, Inc., Series 2006-C |
| 5.500% | 09/15/2016 | | | | | 500,000 | | | | 524,258 | |
| Constellation Energy Group, Inc. |
| 7.600% | 04/01/2032 | | | | | 150,000 | | | | 133,902 | |
| 7.000% | 04/01/2012 | | | | | 500,000 | | | | 516,870 | |
| Consumers Energy Co., Series P |
| 5.500% | 08/15/2016 | | | | | 150,000 | | | | 151,784 | |
| DTE Energy Co. |
| 7.050% | 06/01/2011 | | | | | 350,000 | | | | 366,433 | |
| Duke Energy Carolinas LLC |
| 6.450% | 10/15/2032 | | | | | 500,000 | | | | 541,976 | |
| Duke Energy Ohio, Inc. |
| 5.700% | 09/15/2012 | | | | | 150,000 | | | | 152,683 | |
| Exelon Corp. |
| 4.900% | 06/15/2015 | | | | | 350,000 | | | | 326,290 | |
| Exelon Generation Co. LLC |
| 6.950% | 06/15/2011 | | | | | 500,000 | | | | 529,717 | |
| FirstEnergy Corp., Series B |
| 6.450% | 11/15/2011 | | | | | 175,000 | | | | 182,758 | |
| FirstEnergy Corp., Series C |
| 7.375% | 11/15/2031 | | | | | 250,000 | | | | 236,588 | |
| Florida Power & Light Co. |
| 5.625% | 04/01/2034 | | | | | 50,000 | | | | 51,259 | |
| 4.950% | 06/01/2035 | | | | | 500,000 | | | | 466,283 | |
| 4.850% | 02/01/2013 | | | | | 150,000 | | | | 156,056 | |
| FPL Group Capital, Inc. |
| 6.000% | 03/01/2019 | | | | | 250,000 | | | | 269,018 | |
| Indiana Michigan Power Co. |
| 7.000% | 03/15/2019 | | | | | 500,000 | | | | 538,340 | |
| Jersey Central Power & Light |
| 5.625% | 05/01/2016 | | | | | 500,000 | | | | 492,434 | |
| MidAmerican Energy Co. |
| 6.750% | 12/30/2031 | | | | | 250,000 | | | | 283,446 | |
| MidAmerican Energy Holdings Co. |
| 6.125% | 04/01/2036 | | | | | 500,000 | | | | 495,849 | |
| MidAmerican Energy Holdings Co., Series D |
| 5.000% | 02/15/2014 | | | | | 150,000 | | | | 156,038 | |
| National Grid plc (United Kingdom) |
| 6.300% | 08/01/2016 | | | | | 250,000 | | | | 257,211 | |
| Nisource Finance Corp. |
| 5.450% | 09/15/2020 | | | | | 500,000 | | | | 421,378 | |
| Northern States Power Co., Series B |
| 8.000% | 08/28/2012 | | | | | 150,000 | | | | 172,877 | |
| Ohio Power Co., Series K |
| 6.000% | 06/01/2016 | | | | | 500,000 | | | | 509,971 | |
| Oncor Electric Delivery Co. |
| 6.375% | 05/01/2012 | | | | | 350,000 | | | | 369,568 | |
| Ontario Electricity Financial Corp. (Canada) |
| 7.450% | 03/31/2013 | | | | | 350,000 | | | | 389,752 | |
| Pacific Gas & Electric Co. |
| 6.050% | 03/01/2034 | | | | | 500,000 | | | | 520,401 | |
| Pepco Holdings, Inc. |
| 6.450% | 08/15/2012 | | | | | 150,000 | | | | 156,193 | |
| PPL Capital Funding, Inc., Series A |
| 6.700% | 03/30/2067 | | # | | | 500,000 | | | | 365,503 | |
See accompanying notes to financial statements.
185
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Progress Energy, Inc. |
| 7.750% | 03/01/2031 | | | | $ | 250,000 | | | $ | 294,539 | |
| 7.100% | 03/01/2011 | | | | | 188,000 | | | | 200,027 | |
| PSEG Power LLC |
| 8.625% | 04/15/2031 | | | | | 500,000 | | | | 590,789 | |
| Scottish Power Ltd. (United Kingdom) |
| 5.375% | 03/15/2015 | | | | | 500,000 | | | | 481,670 | |
| South Carolina Electric & Gas Co. |
| 5.300% | 05/15/2033 | | | | | 150,000 | | | | 145,294 | |
| Southern California Edison Co. |
| 6.650% | 04/01/2029 | | † | | | 500,000 | | | | 537,964 | |
| Southern Power Co., Series D |
| 4.875% | 07/15/2015 | | | | | 350,000 | | | | 338,974 | |
| Union Electric Co. |
| 6.400% | 06/15/2017 | | | | | 500,000 | | | | 514,181 | |
| Virginia Electric and Power Co. |
| 5.950% | 09/15/2017 | | | | | 500,000 | | | | 537,616 | |
| 5.400% | 04/30/2018 | | | | | 500,000 | | | | 519,647 | |
| Wisconsin Electric Power |
| 5.625% | 05/15/2033 | | | | | 250,000 | | | | 251,191 | |
| | | | | | | | | | | 14,717,384 | |
Electrical Equipment—0.0% |
| Emerson Electric Co. |
| 5.000% | 12/15/2014 | | | | | 150,000 | | | | 157,776 | |
Electronic Equipment, Instruments &
Components—0.0% |
| Arrow Electronics, Inc. |
| 6.875% | 07/01/2013 | | | | | 250,000 | | | | 256,629 | |
Energy Equipment & Services—0.1% |
| Halliburton Co. |
| 7.450% | 09/15/2039 | | | | | 600,000 | | | | 702,200 | |
| Transocean Inc. (Cayman Islands) |
| 6.800% | 03/15/2038 | | | | | 500,000 | | | | 536,552 | |
| | | | | | | | | | | 1,238,752 | |
Food & Staples Retailing—0.2% |
| CVS Caremark Corp. |
| 6.600% | 03/15/2019 | | | | | 500,000 | | | | 535,215 | |
| 4.875% | 09/15/2014 | | | | | 530,000 | | | | 538,531 | |
| Kroger Co. (The) |
| 7.500% | 04/01/2031 | | | | | 200,000 | | | | 231,180 | |
| Safeway, Inc. |
| 7.500% | 09/15/2009 | | | | | 800,000 | | | | 808,155 | |
| | | | | | | | | | | 2,113,081 | |
Food Products—0.4% |
| Archer-Daniels Midland Co. |
| 5.450% | 03/15/2018 | | | | | 750,000 | | | | 789,976 | |
| Bunge Ltd. Finance Corp. |
| 5.350% | 04/15/2014 | | | | | 500,000 | | | | 487,001 | |
| Campbell Soup Co. |
| 4.875% | 10/01/2013 | | | | | 250,000 | | | | 264,068 | |
| ConAgra Foods, Inc. |
| 6.750% | 09/15/2011 | | † | | | 11,000 | | | | 11,769 | |
| 5.819% | 06/15/2017 | | | | | 153,000 | | | | 154,795 | |
| General Mills, Inc. |
| 5.700% | 02/15/2017 | | | | | 500,000 | | | | 527,140 | |
| H.J. Heinz Finance Co. |
| 6.625% | 07/15/2011 | | | | | 250,000 | | | | 264,956 | |
| Kraft Foods, Inc. |
| 6.875% | 02/01/2038 | | | | $ | 500,000 | | | $ | 530,600 | |
| 6.500% | 11/01/2031 | | | | | 100,000 | | | | 99,580 | |
| Unilever Capital Corp. |
| 7.125% | 11/01/2010 | | | | | 500,000 | | | | 534,027 | |
| | | | | | | | | | | 3,663,912 | |
Gas Utilities—0.1% |
| KeySpan Corp. |
| 7.625% | 11/15/2010 | | | | | 350,000 | | | | 372,113 | |
| Sempra Energy |
| 6.150% | 06/15/2018 | | | | | 500,000 | | | | 503,528 | |
| | | | | | | | | | | 875,641 | |
Health Care Equipment & Supplies—0.2% |
| Baxter International, Inc. |
| 5.900% | 09/01/2016 | | | | | 400,000 | | | | 431,770 | |
| Covidien International Finance SA (Luxembourg) |
| 6.000% | 10/15/2017 | | | | | 500,000 | | | | 532,594 | |
| Johnson & Johnson |
| 5.950% | 08/15/2037 | | | | | 250,000 | | | | 270,323 | |
| 4.950% | 05/15/2033 | | | | | 200,000 | | | | 190,962 | |
| | | | | | | | | | | 1,425,649 | |
Health Care Providers & Services—0.2% |
| Aetna, Inc. |
| 6.625% | 06/15/2036 | | | | | 250,000 | | | | 227,936 | |
| UnitedHealth Group, Inc. |
| 6.000% | 02/15/2018 | | † | | | 500,000 | | | | 480,653 | |
| 5.375% | 03/15/2016 | | | | | 500,000 | | | | 470,919 | |
| WellPoint, Inc. |
| 6.800% | 08/01/2012 | | | | | 150,000 | | | | 156,658 | |
| 5.250% | 01/15/2016 | | | | | 1,000,000 | | | | 948,703 | |
| | | | | | | | | | | 2,284,869 | |
Hotels, Restaurants & Leisure—0.1% |
| McDonald’s Corp., Series I MTN |
| 5.350% | 03/01/2018 | | | | | 500,000 | | | | 528,500 | |
Household Durables—0.2% |
| Fortune Brands, Inc. |
| 5.375% | 01/15/2016 | | | | | 750,000 | | | | 688,923 | |
| Kimberly-Clark Corp. |
| 6.125% | 08/01/2017 | | | | | 500,000 | | | | 549,308 | |
| 5.625% | 02/15/2012 | | | | | 250,000 | | | | 266,649 | |
| | | | | | | | | | | 1,504,880 | |
Household Products—0.0% |
| Procter & Gamble Co. (The) |
| 5.800% | 08/15/2034 | | | | | 250,000 | | | | 262,405 | |
Industrial Conglomerates—0.1% |
| 3M Co. MTN |
| 5.700% | 03/15/2037 | | | | | 250,000 | | | | 261,353 | |
| General Electric Co. |
| 5.000% | 02/01/2013 | | | | | 800,000 | | | | 833,092 | |
| | | | | | | | | | | 1,094,445 | |
Insurance—0.7% |
| AEGON Funding Co. LLC |
| 5.750% | 12/15/2020 | | | | | 500,000 | | | | 435,599 | |
| Allstate Corp. (The) |
| 5.350% | 06/01/2033 | | | | | 500,000 | | | | 421,499 | |
| American International Group, Inc. |
| 5.050% | 10/01/2015 | | | | | 750,000 | | | | 405,050 | |
| 4.250% | 05/15/2013 | | | | | 100,000 | | | | 57,972 | |
See accompanying notes to financial statements.
186
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| American International Group, Inc., Series G MTN |
| 5.850% | 01/16/2018 | | | | $ | 1,000,000 | | | $ | 529,791 | |
| Assurant, Inc. |
| 5.625% | 02/15/2014 | | | | | 500,000 | | | | 446,415 | |
| AXA SA (France) |
| 8.600% | 12/15/2030 | | | | | 250,000 | | | | 234,759 | |
| Berkshire Hathaway Finance Corp. |
| 5.000% | 08/15/2013 | | | | | 1,500,000 | | | | 1,575,084 | |
| Chubb Corp. |
| 6.375% | 03/29/2067 | | # | | | 500,000 | | | | 400,576 | |
| Cincinnati Financial Corp. |
| 6.125% | 11/01/2034 | | | | | 500,000 | | | | 348,538 | |
| Hartford Financial Services Group, Inc. |
| 6.100% | 10/01/2041 | | | | | 150,000 | | | | 103,956 | |
| ING Capital Funding Trust III, Perpetual Bond |
| 8.439% | 12/31/2010 | | # | | | 150,000 | | | | 94,527 | |
| Lincoln National Corp. |
| 6.150% | 04/07/2036 | | | | | 250,000 | | | | 174,640 | |
| Marsh & McLennan Cos., Inc. |
| 5.750% | 09/15/2015 | | | | | 250,000 | | | | 238,486 | |
| MetLife, Inc. |
| 5.700% | 06/15/2035 | | | | | 250,000 | | | | 219,046 | |
| Progressive Corp. (The) |
| 6.625% | 03/01/2029 | | | | | 150,000 | | | | 136,145 | |
| Prudential Financial, Inc., Series D MTN |
| 5.700% | 12/14/2036 | | | | | 250,000 | | | | 188,116 | |
| Travelers Property Casualty Corp. |
| 7.750% | 04/15/2026 | | | | | 500,000 | | | | 516,918 | |
| | | | | | | | | | | 6,527,117 | |
IT Services—0.0% |
| Computer Sciences Corp. |
| 7.375% | 06/15/2011 | | | | | 100,000 | | | | 106,316 | |
| Electronic Data Systems Corp., Series B |
| 6.000% | 08/01/2013 | | | | | 150,000 | | | | 163,896 | |
| | | | | | | | | | | 270,212 | |
Machinery—0.2% |
| Caterpillar, Inc. |
| 6.050% | 08/15/2036 | | | | | 500,000 | | | | 478,500 | |
| Deere & Co. |
| 6.950% | 04/25/2014 | | † | | | 250,000 | | | | 283,845 | |
| Honeywell International, Inc. |
| 6.125% | 11/01/2011 | | | | | 250,000 | | | | 273,093 | |
| Tyco International Finance SA (Luxembourg) |
| 6.375% | 10/15/2011 | | | | | 400,000 | | | | 421,716 | |
| | | | | | | | | | | 1,457,154 | |
Media—0.9% |
| British Sky Broadcasting Group plc (United Kingdom) |
| 8.200% | 07/15/2009 | | | | | 250,000 | | | | 250,534 | |
| CBS Corp. |
| 7.875% | 07/30/2030 | | | | | 250,000 | | | | 199,544 | |
| 5.625% | 08/15/2012 | | | | | 50,000 | | | | 49,338 | |
| Comcast Corp. |
| 6.450% | 03/15/2037 | | | | | 500,000 | | | | 494,342 | |
| 6.300% | 11/15/2017 | | | | | 1,000,000 | | | | 1,060,092 | |
| 5.650% | 06/15/2035 | | | | | 500,000 | | | | 459,427 | |
| COX Communications, Inc. |
| 5.500% | 10/01/2015 | | | | | 75,000 | | | | 72,759 | |
| 5.450% | 12/15/2014 | | | | | 300,000 | | | | 298,152 | |
| 4.625% | 06/01/2013 | | | | | 250,000 | | | | 246,184 | |
| News America Holdings, Inc. |
| 8.000% | 10/17/2016 | | | | $ | 150,000 | | | $ | 159,836 | |
| 7.750% | 12/01/2045 | | | | | 200,000 | | | | 182,706 | |
| Omnicom Group, Inc. |
| 5.900% | 04/15/2016 | | | | | 500,000 | | | | 501,529 | |
| Thomson Reuters Corp. (Canada) |
| 6.500% | 07/15/2018 | | | | | 500,000 | | | | 521,248 | |
| Time Warner Entertainment Co. LP |
| 8.375% | 03/15/2023 | | | | | 500,000 | | | | 552,468 | |
| 8.375% | 07/15/2033 | | | | | 500,000 | | | | 561,200 | |
| Time Warner, Inc. |
| 6.875% | 05/01/2012 | | | | | 150,000 | | | | 160,565 | |
| 5.875% | 11/15/2016 | | | | | 2,000,000 | | | | 1,973,924 | |
| Viacom, Inc. |
| 6.250% | 04/30/2016 | | | | | 500,000 | | | | 493,254 | |
| Walt Disney Co. (The), Series B MTN |
| 7.000% | 03/01/2032 | | | | | 500,000 | | | | 583,352 | |
| | | | | | | | | | | 8,820,454 | |
Metals & Mining—0.5% |
| Alcoa, Inc. |
| 5.550% | 02/01/2017 | | † | | | 750,000 | | | | 634,348 | |
| BHP Billiton Finance USA Ltd. (Australia) |
| 6.500% | 04/01/2019 | | | | | 1,000,000 | | | | 1,112,560 | |
| 4.800% | 04/15/2013 | | | | | 150,000 | | | | 156,107 | |
| Rio Tinto Alcan, Inc. (Canada) |
| 6.125% | 12/15/2033 | | | | | 150,000 | | | | 118,867 | |
| 4.875% | 09/15/2012 | | | | | 350,000 | | | | 336,436 | |
| Rio Tinto Finance USA Ltd. (Australia) |
| 5.875% | 07/15/2013 | | | | | 1,000,000 | | | | 1,007,159 | |
| Southern Copper Corp. |
| 7.500% | 07/27/2035 | | | | | 250,000 | | | | 226,643 | |
| Vale Overseas Ltd. (Cayman Islands) |
| 6.875% | 11/21/2036 | | | | | 100,000 | | | | 95,200 | |
| 6.250% | 01/23/2017 | | | | | 750,000 | | | | 758,073 | |
| | | | | | | | | | | 4,445,393 | |
Multiline Retail—0.3% |
| Target Corp. |
| 7.000% | 07/15/2031 | | | | | 350,000 | | | | 375,224 | |
| 6.000% | 01/15/2018 | | | | | 500,000 | | | | 530,999 | |
| Wal-Mart Stores, Inc. |
| 7.550% | 02/15/2030 | | | | | 250,000 | | | | 318,390 | |
| 5.250% | 09/01/2035 | | | | | 750,000 | | | | 717,593 | |
| 4.550% | 05/01/2013 | | | | | 500,000 | | | | 524,391 | |
| 4.125% | 02/15/2011 | | | | | 250,000 | | | | 259,551 | |
| | | | | | | | | | | 2,726,148 | |
Multi-National—1.0% |
| Asian Development Bank/Pasig (Supranational) |
| 2.750% | 05/21/2014 | | | | | 1,000,000 | | | | 981,838 | |
| 2.125% | 03/15/2012 | | | | | 1,000,000 | | | | 1,004,902 | |
| European Investment Bank (Supranational) |
| 5.125% | 09/13/2016 | | | | | 1,000,000 | | | | 1,071,216 | |
| 4.625% | 03/21/2012 | | | | | 2,000,000 | | | | 2,137,844 | |
| 4.625% | 05/15/2014 | | | | | 500,000 | | | | 532,663 | |
| 4.125% | 09/15/2010 | | | | | 500,000 | | | | 519,029 | |
| 3.375% | 06/12/2013 | | † | | | 500,000 | | | | 509,079 | |
| Inter-American Development Bank (Supranational) |
| 5.000% | 04/05/2011 | | | | | 1,000,000 | | | | 1,059,490 | |
| Inter-American Development Bank MTN (Supranational) |
| 3.500% | 03/15/2013 | | | | | 500,000 | | | | 514,610 | |
| International Bank for Reconstruction & Development (Supranational) |
| 7.625% | 01/19/2023 | | | | | 250,000 | | | | 319,673 | |
| International Finance Corp. (Supranational) |
| 5.125% | 05/02/2011 | | | | | 1,000,000 | | | | 1,029,799 | |
| | | | | | | | | | | 9,680,143 | |
See accompanying notes to financial statements.
187
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Office Electronics—0.2% |
| Pitney Bowes, Inc. |
| 5.000% | 03/15/2015 | | | | $ | 500,000 | | | $ | 519,243 | |
| Pitney Bowes, Inc. MTN | | | |
| 4.750% | 01/15/2016 | | | | | 200,000 | | | | 195,308 | |
| Xerox Corp. | | | |
| 6.875% | 08/15/2011 | | | | | 750,000 | | | | 776,629 | |
| 6.350% | 05/15/2018 | | | | | 500,000 | | | | 446,978 | |
| | | | | | | | | | | 1,938,158 | |
Oil, Gas & Consumable Fuels—1.7% |
| Alberta Energy Co. Ltd. (Canada) | | | |
| 7.375% | 11/01/2031 | | | | | 400,000 | | | | 421,985 | |
| Anadarko Petroleum Corp. | | | |
| 8.700% | 03/15/2019 | | † | | | 500,000 | | | | 561,050 | |
| Apache Finance Canada Corp. (Canada) | | | |
| 7.750% | 12/15/2029 | | | | | 150,000 | | | | 181,581 | |
| Canadian Natural Resources Ltd. (Canada) | | | |
| 5.850% | 02/01/2035 | | | | | 500,000 | | | | 472,297 | |
| 5.450% | 10/01/2012 | | | | | 250,000 | | | | 261,991 | |
| CenterPoint Energy Resources Corp., Series B |
| 7.875% | 04/01/2013 | | | | | 850,000 | | | | 907,401 | |
| ConocoPhillips Holding Co. | | | |
| 6.950% | 04/15/2029 | | | | | 1,250,000 | | | | 1,350,611 | |
| DCP Midstream LLC | | | |
| 7.875% | 08/16/2010 | | | | | 350,000 | | | | 366,227 | |
| Devon Financing Corp. ULC (Canada) | | | |
| 6.875% | 09/30/2011 | | | | | 750,000 | | | | 814,994 | |
| EnCana Corp. (Canada) | | | |
| 6.300% | 11/01/2011 | | | | | 250,000 | | | | 268,595 | |
| Energy Transfer Partners LP | | | |
| 5.950% | 02/01/2015 | | | | | 750,000 | | | | 756,527 | |
| Enterprise Products Operating LLC, Series B |
| 6.875% | 03/01/2033 | | | | | 150,000 | | | | 154,249 | |
| 5.600% | 10/15/2014 | | | | | 150,000 | | | | 154,336 | |
| Hess Corp. | | | |
| 7.300% | 08/15/2031 | | | | | 250,000 | | | | 258,776 | |
| 6.650% | 08/15/2011 | | | | | 150,000 | | | | 159,729 | |
| Kinder Morgan Energy Partners LP | | | |
| 7.300% | 08/15/2033 | | | | | 500,000 | | | | 481,606 | |
| Marathon Oil Corp. | | | |
| 6.125% | 03/15/2012 | | | | | 350,000 | | | | 370,019 | |
| 5.900% | 03/15/2018 | | | | | 500,000 | | | | 502,160 | |
| Nexen, Inc. (Canada) | | | |
| 6.400% | 05/15/2037 | | | | | 500,000 | | | | 460,649 | |
| 5.050% | 11/20/2013 | | | | | 250,000 | | | | 252,101 | |
| ONEOK Partners LP | | | |
| 6.150% | 10/01/2016 | | | | | 500,000 | | | | 495,750 | |
| Petrobras International Finance Co. (Cayman Islands) |
| 8.375% | 12/10/2018 | | | | | 250,000 | | | | 287,750 | |
| 6.125% | 10/06/2016 | | † | | | 500,000 | | | | 515,000 | |
| Petro-Canada (Canada) | | | |
| 5.950% | 05/15/2035 | | | | | 250,000 | | | | 226,007 | |
| Petroleos Mexicanos (Mexico) | | | |
| 8.000% | 05/03/2019 | | ˆ | | | 250,000 | | | | 272,500 | |
| Shell International Finance BV (Netherlands) |
| 5.200% | 03/22/2017 | | | | | 1,000,000 | | | | 1,058,067 | |
| Suncor Energy, Inc. (Canada) | | | |
| 7.150% | 02/01/2032 | | | | | 500,000 | | | | 492,376 | |
| Tennessee Gas Pipeline Co. | | | |
| 7.000% | 10/15/2028 | | | | | 350,000 | | | | 335,270 | |
| Texas Eastern Transmission LP | | | |
| 7.000% | 07/15/2032 | | | | | 150,000 | | | | 158,241 | |
| TransCanada Pipelines Ltd. (Canada) | | | |
| 5.850% | 03/15/2036 | | | | $ | 500,000 | | | $ | 484,345 | |
| 4.000% | 06/15/2013 | | | | | 250,000 | | | | 249,697 | |
| Union Pacific Resources Group | | | |
| 7.150% | 05/15/2028 | | | | | 350,000 | | | | 319,496 | |
| Valero Energy Corp. | | | |
| 6.125% | 06/15/2017 | | | | | 500,000 | | | | 482,768 | |
| 4.750% | 06/15/2013 | | | | | 500,000 | | | | 478,917 | |
| Williams Cos., Inc. | | | |
| 7.875% | 09/01/2021 | | † | | | 500,000 | | | | 493,450 | |
| XTO Energy, Inc. | | | |
| 5.500% | 06/15/2018 | | | | | 300,000 | | | | 301,144 | |
| 4.900% | 02/01/2014 | | | | | 750,000 | | | | 759,616 | |
| | | | | | | | | | | 16,567,278 | |
Paper & Forest Products—0.1% |
| International Paper Co. | | | |
| 7.950% | 06/15/2018 | | | | | 500,000 | | | | 483,125 | |
| Weyerhaeuser Co. | | | |
| 7.375% | 03/15/2032 | | | | | 500,000 | | | | 400,040 | |
| 6.750% | 03/15/2012 | | | | | 100,000 | | | | 100,097 | |
| | | | | | | | | | | 983,262 | |
Pharmaceuticals—0.7% |
| Abbott Laboratories | | | |
| 5.875% | 05/15/2016 | | | | | 1,000,000 | | | | 1,092,170 | |
| AstraZeneca plc (United Kingdom) | | | |
| 5.900% | 09/15/2017 | | | | | 750,000 | | | | 804,435 | |
| Bristol-Myers Squibb Co. | | | |
| 5.875% | 11/15/2036 | | | | | 350,000 | | | | 361,619 | |
| 5.450% | 05/01/2018 | | | | | 500,000 | | | | 530,678 | |
| Eli Lilly & Co. | | | |
| 6.770% | 01/01/2036 | | | | | 250,000 | | | | 274,314 | |
| GlaxoSmithKline Capital, Inc. | | | |
| 4.850% | 05/15/2013 | | | | | 1,000,000 | | | | 1,046,962 | |
| 4.375% | 04/15/2014 | | | | | 500,000 | | | | 512,752 | |
| Merck & Co., Inc. | | | |
| 4.750% | 03/01/2015 | | | | | 350,000 | | | | 366,116 | |
| 4.375% | 02/15/2013 | | | | | 200,000 | | | | 207,451 | |
| Pharmacia Corp. | | | |
| 6.500% | 12/01/2018 | | | | | 350,000 | | | | 389,120 | |
| Schering-Plough Corp. | | | |
| 6.750% | 12/01/2033 | | | | | 250,000 | | | | 275,969 | |
| Teva Pharmaceutical Finance LLC | | | |
| 6.150% | 02/01/2036 | | | | | 250,000 | | | | 258,731 | |
| Wyeth | | | |
| 6.950% | 03/15/2011 | | | | | 250,000 | | | | 270,781 | |
| 6.500% | 02/01/2034 | | | | | 250,000 | | | | 277,140 | |
| 5.500% | 03/15/2013 | | | | | 100,000 | | | | 107,000 | |
| 5.500% | 02/01/2014 | | | | | 250,000 | | | | 267,829 | |
| | | | | | | | | | | 7,043,067 | |
Road & Rail—0.2% |
| Burlington Northern Santa Fe Corp. | | | |
| 7.125% | 12/15/2010 | | | | | 750,000 | | | | 793,668 | |
| Canadian National Railway Co. (Canada) | | | |
| 4.400% | 03/15/2013 | | | | | 585,000 | | | | 598,312 | |
| CSX Corp. | | | |
| 6.750% | 03/15/2011 | | | | | 300,000 | | | | 315,054 | |
| Union Pacific Corp. | | | |
| 6.625% | 02/01/2029 | | | | | 250,000 | | | | 258,104 | |
| | | | | | | | | | | 1,965,138 | |
Software—0.1% |
| Oracle Corp. | | | |
| 5.250% | 01/15/2016 | | | | | 1,000,000 | | | | 1,047,859 | |
|
See accompanying notes to financial statements.
188
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Specialty Retail—0.1% |
| Home Depot, Inc. |
| 5.875% | 12/16/2036 | | | | $ | 250,000 | | | $ | 221,267 | |
| 5.200% | 03/01/2011 | | | | | 750,000 | | | | 776,642 | |
| Lowe’s Cos., Inc. |
| 5.400% | 10/15/2016 | | | | | 400,000 | | | | 421,003 | |
| | | | | | | | | | | 1,418,912 | |
Thrifts & Mortgage Finance—0.0% |
| Abbey National plc (United Kingdom) |
| 7.950% | 10/26/2029 | | | | | 250,000 | | | | 222,742 | |
Tobacco—0.3% |
| Altria Group, Inc. |
| 9.250% | 08/06/2019 | | | | | 1,000,000 | | | | 1,124,800 | |
| Philip Morris International, Inc. |
| 5.650% | 05/16/2018 | | | | | 1,000,000 | | | | 1,050,021 | |
| Reynolds American, Inc. |
| 7.625% | 06/01/2016 | | | | | 750,000 | | | | 753,244 | |
| | | | | | | | | | | 2,928,065 | |
Transportation Infrastructure—0.1% |
| Federal Express Corp. |
| 9.650% | 06/15/2012 | | | | | 150,000 | | | | 168,544 | |
| United Parcel Service, Inc. |
| 6.200% | 01/15/2038 | | | | | 300,000 | | | | 329,362 | |
| | | | | | | | | | | 497,906 | |
Wireless Telecommunication Services—0.4% |
| Alltel Corp. |
| 7.000% | 07/01/2012 | | † | | | 1,000,000 | | | | 1,080,809 | |
| America Movil SAB de CV (Mexico) |
| 5.500% | 03/01/2014 | | | | | 100,000 | | | | 102,304 | |
| AT&T Mobility LLC |
| 6.500% | 12/15/2011 | | | | | 250,000 | | | | 269,858 | |
| New Cingular Wireless Services, Inc. |
| 8.750% | 03/01/2031 | | | | | 250,000 | | | | 305,521 | |
| 7.875% | 03/01/2011 | | | | | 750,000 | | | | 809,165 | |
| Rogers Communications, Inc. (Canada) |
| 6.800% | 08/15/2018 | | | | | 500,000 | | | | 536,929 | |
| Vodafone Group plc (United Kingdom) |
| 7.875% | 02/15/2030 | | | | | 250,000 | | | | 287,520 | |
| 5.625% | 02/27/2017 | | | | | 500,000 | | | | 508,620 | |
| 5.375% | 01/30/2015 | | | | | 250,000 | | | | 255,312 | |
| | | | | | | | | | | 4,156,038 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $192,666,098) | | 188,758,612 | |
| |
U.S. GOVERNMENT AGENCY OBLIGATIONS—9.5% |
Government Backed Corporate (FDIC)
Obligations—1.1% |
| Bank of America Corp., Series L MTN |
| 3.125% | 06/15/2012 | | | | | 2,500,000 | | | | 2,580,178 | |
| Citigroup, Inc. |
| 2.125% | 04/30/2012 | | | | | 1,000,000 | | | | 1,005,074 | |
| General Electric Capital Corp. |
| 3.000% | 12/09/2011 | | | | | 1,000,000 | | | | 1,032,253 | |
| 1.800% | 03/11/2011 | | | | | 1,500,000 | | | | 1,514,149 | |
| Goldman Sachs Group, Inc. (The) |
| 3.250% | 06/15/2012 | | † | | $ | 1,000,000 | | | $ | 1,035,624 | |
| JPMorgan Chase & Co. |
| 3.125% | 12/01/2011 | | | | | 1,000,000 | | | | 1,035,051 | |
| Morgan Stanley |
| 1.950% | 06/20/2012 | | † | | | 1,000,000 | | | | 998,673 | |
| Regions Bank MTN |
| 2.750% | 12/10/2010 | | † | | | 1,000,000 | | | | 1,024,860 | |
| | | | | | | | | | | 10,225,862 | |
U.S. Government Agency Obligations—8.4% |
| Federal Farm Credit Bank |
| 3.750% | 12/06/2010 | | | | | 2,900,000 | | | | 3,018,190 | |
| 3.500% | 10/03/2011 | | | | | 800,000 | | | | 836,058 | |
| Federal Home Loan Bank |
| 5.750% | 05/15/2012 | | | | | 2,225,000 | | | | 2,475,528 | |
| 5.375% | 05/18/2016 | | † | | | 2,000,000 | | | | 2,225,800 | |
| 5.250% | 06/18/2014 | | | | | 1,000,000 | | | | 1,104,907 | |
| 4.875% | 09/08/2017 | | | | | 1,250,000 | | | | 1,314,154 | |
| 4.750% | 12/16/2016 | | | | | 1,000,000 | | | | 1,071,251 | |
| 4.625% | 02/18/2011 | | † | | | 3,500,000 | | | | 3,705,384 | |
| 4.500% | 11/15/2012 | | † | | | 2,500,000 | | | | 2,689,452 | |
| 3.625% | 09/16/2011 | | † | | | 2,600,000 | | | | 2,724,366 | |
| Federal Home Loan Mortgage Corp. |
| 6.250% | 07/15/2032 | | † | | | 1,050,000 | | | | 1,251,694 | |
| 6.000% | 06/15/2011 | | † | | | 1,950,000 | | | | 2,126,709 | |
| 6.000% | 04/16/2037 | | | | | 600,000 | | | | 609,247 | |
| 5.500% | 07/18/2016 | | | | | 1,000,000 | | | | 1,121,745 | |
| 5.000% | 01/30/2014 | | | | | 600,000 | | | | 651,668 | |
| 4.750% | 12/08/2010 | | † | | | 500,000 | | | | 527,933 | |
| 4.500% | 04/02/2014 | | | | | 900,000 | | | | 962,535 | |
| 4.500% | 01/15/2015 | | † | | | 350,000 | | | | 376,063 | |
| 4.375% | 07/17/2015 | | † | | | 1,900,000 | | | | 2,030,270 | |
| 4.125% | 07/12/2010 | | † | | | 1,650,000 | | | | 1,714,715 | |
| 4.125% | 02/24/2011 | | | | | 500,000 | | | | 524,408 | |
| 3.750% | 06/28/2013 | | † | | | 3,000,000 | | | | 3,153,081 | |
| 2.500% | 03/23/2012-
01/07/2014 | | | | | 5,200,000 | | | | 5,193,465 | |
| 2.125% | 03/23/2012 | | | | | 1,500,000 | | | | 1,514,562 | |
| 1.625% | 04/26/2011-
08/11/2011 | | | | | 4,000,000 | | | | 4,011,435 | |
| Federal Home Loan Mortgage Corp. MTN |
| 5.050% | 01/26/2015 | | | | | 300,000 | | | | 329,133 | |
| Federal National Mortgage Association |
| 6.625% | 11/15/2010 | | † | | | 3,400,000 | | | | 3,671,092 | |
| 6.625% | 11/15/2030 | | | | | 1,000,000 | | | | 1,228,569 | |
| 6.250% | 05/15/2029 | | | | | 1,740,000 | | | | 2,048,954 | |
| 6.125% | 03/15/2012 | | † | | | 750,000 | | | | 838,489 | |
| 6.000% | 05/15/2011 | | | | | 3,750,000 | | | | 4,077,578 | |
| 5.945% | 06/07/2027 | | | | | 300,000 | | | | 317,675 | |
| 5.800% | 02/09/2026 | | | | | 100,000 | | | | 103,651 | |
| 5.700% | 10/05/2021 | | | | | 300,000 | | | | 303,505 | |
| 5.500% | 03/15/2011 | | † | | | 2,850,000 | | | | 3,064,807 | |
| 5.500% | 12/14/2022 | | | | | 130,000 | | | | 130,247 | |
| 5.375% | 11/15/2011 | | † | | | 3,500,000 | | | | 3,818,430 | |
| 5.375% | 04/11/2022 | | | | | 880,000 | | | | 905,862 | |
| 5.000% | 05/11/2017 | | | | | 650,000 | | | | 707,011 | |
| 4.875% | 12/15/2016 | | | | | 1,000,000 | | | | 1,082,794 | |
| 4.625% | 10/15/2013 | | † | | | 900,000 | | | | 972,572 | |
| 4.375% | 09/15/2012-
03/15/2013 | | † | | | 3,900,000 | | | | 4,193,563 | |
| 3.000% | 05/12/2014 | | | | | 1,000,000 | | | | 995,017 | |
| 1.500% | 05/12/2011-
05/20/2011 | | | | | 2,150,000 | | | | 2,149,330 | |
| 0.000% | 06/01/2017 | | | | | 1,000,000 | | | | 702,379 | |
| Financing Corp. Fico |
| 8.600% | 09/26/2019 | | | | | 500,000 | | | | 667,530 | |
See accompanying notes to financial statements.
189
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
U.S. GOVERNMENT AGENCY OBLIGATIONS—(Continued) |
| Financing Corp. Fico, Series E |
| 9.650% | 11/02/2018 | | | | $ | 500,000 | | | $ | 690,977 | |
| Tennessee Valley Authority, Series E |
| 6.250% | 12/15/2017 | | | | | 1,200,000 | | | | 1,377,335 | |
| | | | | | | | | | | 81,311,120 | |
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $88,896,042) | | 91,536,982 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—38.0% |
U.S. Government Agency Mortgage-Backed
Securities—38.0% |
| Federal Home Loan Mortgage Corp. |
| 7.500% | 06/01/2027-
10/01/2029 | | | | | 467,965 | | | | 510,691 | |
| 7.000% | 02/01/2016-
09/01/2036 | | | | | 1,275,303 | | | | 1,380,398 | |
| 6.500% | 08/01/2010-
08/01/2037 | | | | | 4,867,838 | | | | 5,202,211 | |
| 6.050% | 01/01/2037 | | # | | | 2,419,133 | | | | 2,530,433 | |
| 6.000% | 11/01/2016-
06/01/2038 | | | | | 21,287,220 | | | | 22,310,673 | |
| 5.885% | 01/01/2037 | | # | | | 578,490 | | | | 609,035 | |
| 5.655% | 02/01/2037 | | # | | | 1,541,274 | | | | 1,605,324 | |
| 5.500% | 02/01/2018-
09/01/2038 | | | | | 32,794,074 | | | | 34,016,934 | |
| 5.000% | 05/01/2018-
06/01/2038 | | | | | 30,017,711 | | | | 30,797,580 | |
| 4.751% | 09/01/2035 | | # | | | 729,835 | | | | 740,977 | |
| 4.500% | 08/01/2018-
06/01/2039 | | | | | 13,508,286 | | | | 13,710,974 | |
| 4.386% | 12/01/2035 | | # | | | 3,959,896 | | | | 4,103,657 | |
| 4.000% | 05/01/2019-
06/01/2039 | | | | | 3,585,521 | | | | 3,563,184 | |
| Federal Home Loan Mortgage Corp. TBA |
| 6.500% | 07/15/2039 | | | | | 1,400,000 | | | | 1,487,719 | |
| 5.500% | 07/15/2039 | | | | | 300,000 | | | | 309,703 | |
| 4.500% | 07/15/2039 | | | | | 3,500,000 | | | | 3,484,688 | |
| 4.000% | 07/15/2024-
07/15/2039 | | | | | 3,500,000 | | | | 3,421,469 | |
| Federal National Mortgage Association |
| 7.500% | 06/01/2030-
07/01/2031 | | | | | 39,952 | | | | 43,561 | |
| 7.000% | 03/01/2030-
04/01/2038 | | | | | 3,965,375 | | | | 4,319,143 | |
| 6.500% | 02/01/2017-
01/01/2037 | | | | | 11,118,444 | | | | 11,888,690 | |
| 6.000% | 04/01/2014-
07/01/2038 | | | | | 31,506,439 | | | | 33,048,795 | |
| 5.664% | 01/01/2037 | | # | | | 2,310,207 | | | | 2,429,244 | |
| 5.621% | 03/01/2037 | | # | | | 5,996,858 | | | | 6,294,053 | |
| 5.500% | 01/01/2018-
01/01/2039 | | | | | 48,852,257 | | | | 50,691,247 | |
| 5.448% | 02/01/2037 | | # | | | 290,477 | | | | 304,143 | |
| 5.397% | 12/01/2036 | | # | | | 2,287,619 | | | | 2,377,577 | |
| 5.000% | 03/01/2018-
10/01/2038 | | | | | 36,568,399 | | | | 37,553,905 | |
| 4.856% | 10/01/2035 | | # | | | 1,465,748 | | | | 1,515,043 | |
| 4.772% | 05/01/2035 | | # | | | 1,475,889 | | | | 1,533,767 | |
| 4.677% | 05/01/2035 | | # | | | 414,540 | | | | 429,397 | |
| 4.500% | 03/01/2018-
05/01/2039 | | | | $ | 18,834,980 | | | $ | 19,080,956 | |
| 4.000% | 07/01/2018-
05/01/2039 | | | | | 6,684,257 | | | | 6,630,739 | |
| Federal National Mortgage Association TBA |
| 6.000% | 07/25/2024-
07/25/2039 | | | | | 3,100,000 | | | | 3,253,422 | |
| 5.500% | 07/25/2037 | | | | | 3,600,000 | | | | 3,716,438 | |
| 5.000% | 07/25/2038 | | | | | 3,000,000 | | | | 3,054,843 | |
| 4.500% | 07/25/2039 | | | | | 1,600,000 | | | | 1,597,000 | |
| Government National Mortgage Association |
| 7.500% | 12/15/2029-
05/15/2032 | | | | | 617,019 | | | | 675,704 | |
| 7.000% | 09/15/2037 | | | | | 177,483 | | | | 190,605 | |
| 6.500% | 03/15/2026-
01/15/2039 | | | | | 4,041,453 | | | | 4,311,150 | |
| 6.000% | 02/15/2033-
05/15/2038 | | | | | 11,143,968 | | | | 11,644,052 | |
| 5.500% | 03/15/2033-
10/15/2038 | | | | | 14,219,088 | | | | 14,731,780 | |
| 5.000% | 05/15/2033-
06/15/2039 | | | | | 8,776,419 | | | | 8,979,905 | |
| 4.500% | 07/15/2038-
06/15/2039 | | | | | 4,076,634 | | | | 4,079,022 | |
| Government National Mortgage Association TBA |
| 6.000% | 07/15/2039 | | | | | 1,800,000 | | | | 1,875,094 | |
| 4.500% | 07/15/2038 | | | | | 2,000,000 | | | | 1,996,876 | |
TOTAL U.S. GOVERNMENT AGENCY
MORTGAGE-BACKED SECURITIES |
| (Cost $357,142,557) | | 368,031,801 | |
| |
U.S. TREASURY OBLIGATIONS—25.3% |
U.S. Treasury Bonds—5.2% |
| U.S. Treasury Bond |
| 11.750% | 11/15/2014 | | | | | 500,000 | | | | 520,665 | |
| 11.250% | 02/15/2015 | | † | | | 2,300,000 | | | | 3,315,774 | |
| 9.875% | 11/15/2015 | | † | | | 2,550,000 | | | | 3,563,227 | |
| 9.125% | 05/15/2018 | | † | | | 1,060,000 | | | | 1,518,699 | |
| 8.750% | 05/15/2017 | | | | | 1,250,000 | | | | 1,712,110 | |
| 8.500% | 02/15/2020 | | | | | 2,500,000 | | | | 3,516,408 | |
| 8.125% | 08/15/2019-
05/15/2021 | | | | | 4,040,000 | | | | 5,564,124 | |
| 8.000% | 11/15/2021 | | † | | | 920,000 | | | | 1,269,600 | |
| 7.875% | 02/15/2021 | | | | | 600,000 | | | | 814,781 | |
| 7.625% | 02/15/2025 | | | | | 674,000 | | | | 939,388 | |
| 7.500% | 11/15/2024 | | | | | 775,000 | | | | 1,065,988 | |
| 7.250% | 08/15/2022 | | † | | | 1,500,000 | | | | 1,971,095 | |
| 7.125% | 02/15/2023 | | | | | 325,000 | | | | 424,785 | |
| 6.500% | 11/15/2026 | | † | | | 1,550,000 | | | | 1,972,860 | |
| 6.250% | 05/15/2030 | | | | | 410,000 | | | | 519,932 | |
| 6.125% | 08/15/2029 | | | | | 1,000,000 | | | | 1,245,626 | |
| 6.000% | 02/15/2026 | | | | | 2,600,000 | | | | 3,136,658 | |
| 5.375% | 02/15/2031 | | † | | | 1,961,000 | | | | 2,251,475 | |
| 5.250% | 02/15/2029 | | | | | 1,380,000 | | | | 1,552,501 | |
| 5.000% | 05/15/2037 | | † | | | 1,410,000 | | | | 1,569,508 | |
| 4.750% | 02/15/2037 | | † | | | 2,750,000 | | | | 2,947,659 | |
| 4.500% | 02/15/2036 | | | | | 930,000 | | | | 958,336 | |
| 4.375% | 02/15/2038 | | | | | 3,300,000 | | | | 3,333,518 | |
| 4.250% | 05/15/2039 | | | | | 4,600,000 | | | | 4,554,704 | |
| | | | | | | | | | | 50,239,421 | |
U.S. Treasury Notes—20.1% |
| U.S. Treasury Note |
| 5.750% | 08/15/2010 | | | | | 3,300,000 | | | | 3,491,040 | |
| 5.125% | 05/15/2016 | | | | | 2,800,000 | | | | 3,141,253 | |
See accompanying notes to financial statements.
190
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
U.S. TREASURY OBLIGATIONS—(Continued) |
| 5.000% | 02/15/2011 | | | | $ | 1,975,000 | | | $ | 2,106,770 | |
| 5.000% | 08/15/2011 | | † | | | 1,060,000 | | | | 1,146,789 | |
| 4.875% | 05/31/2011 | | † | | | 2,130,000 | | | | 2,283,760 | |
| 4.875% | 02/15/2012-
08/15/2016 | | | | | 7,255,000 | | | | 7,983,396 | |
| 4.750% | 05/15/2014 | | † | | | 4,560,000 | | | | 5,028,827 | |
| 4.625% | 12/31/2011-
02/15/2017 | | | | | 5,090,000 | | | | 5,532,268 | |
| 4.625% | 10/31/2011-
07/31/2012 | | † | | | 1,800,000 | | | | 1,956,587 | |
| 4.500% | 09/30/2011-
02/15/2016 | | | | | 21,725,000 | | | | 23,422,441 | |
| 4.500% | 02/28/2011 | | † | | | 7,830,000 | | | | 8,303,167 | |
| 4.375% | 08/15/2012 | | † | | | 2,700,000 | | | | 2,922,753 | |
| 4.250% | 08/15/2014 | | | | | 4,490,000 | | | | 4,843,592 | |
| 4.250% | 10/15/2010-
08/15/2013 | | † | | | 13,822,000 | | | | 14,638,786 | |
| 4.125% | 08/15/2010-
05/15/2015 | | | | | 6,930,000 | | | | 7,272,689 | |
| 4.000% | 02/15/2014 | | † | | | 3,500,000 | | | | 3,746,368 | |
| 4.000% | 02/15/2015 | | | | | 250,000 | | | | 265,684 | |
| 3.875% | 02/15/2013-
05/15/2018 | | | | | 15,510,000 | | | | 16,237,732 | |
| 3.875% | 07/15/2010-
09/15/2010 | | † | | | 16,950,000 | | | | 17,578,806 | |
| 3.750% | 11/15/2018 | | † | | | 5,000,000 | | | | 5,087,915 | |
| 3.625% | 05/15/2013 | | | | | 6,320,000 | | | | 6,686,857 | |
| 3.500% | 02/15/2018 | | † | | | 6,165,000 | | | | 6,197,274 | |
| 3.125% | 08/31/2013 | | † | | | 4,900,000 | | | | 5,078,012 | |
| 2.750% | 02/15/2019 | | † | | | 6,050,000 | | | | 5,668,082 | |
| 2.750% | 10/31/2013 | | | | | 3,700,000 | | | | 3,769,667 | |
| 2.625% | 02/29/2016 | | | | | 4,000,000 | | | | 3,882,816 | |
| 2.000% | 11/30/2013 | | | | | 2,000,000 | | | | 1,971,252 | |
| 1.875% | 02/28/2014 | | | | | 7,200,000 | | | | 7,016,062 | |
| 1.750% | 11/15/2011-
01/31/2014 | | | | | 10,600,000 | | | | 10,498,996 | |
| 1.500% | 12/31/2013 | | | | | 5,000,000 | | | | 4,817,580 | |
| 0.875% | 12/31/2010 | | | | | 2,000,000 | | | | 2,003,360 | |
| | | | | | | | | | | 194,580,581 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $244,697,443) | | | | | | 244,820,002 | |
| |
MUNICIPAL OBLIGATIONS—0.2% |
| Illinois General Obligation Bonds, Series 2003 (Illinois) |
| 5.100% | 06/01/2033 | | | | | 1,100,000 | | | | 977,790 | |
| New Jersey Economic Development Authority Revenue Bonds, Series A (New Jersey) |
| 7.425% | 02/15/2029 | | | | | 500,000 | | | | 544,485 | |
| New Jersey State Turnpike Authority Revenue Bonds, Series 2003-B (New Jersey) |
| 4.252% | 01/01/2016 | | | | | 25,000 | | | | 25,014 | |
| Oregon General Obligation Bonds, Series 2003 (Oregon) |
| 5.762% | 06/01/2023 | | | | | 200,000 | | | | 204,898 | |
TOTAL MUNICIPAL OBLIGATIONS |
| (Cost $1,831,462) | | | | | | 1,752,187 | |
| |
SOVEREIGN DEBT OBLIGATIONS—1.5% |
Government Issued—1.5% |
| Brazilian Government International Bond (Brazil) |
| 11.000% | 08/17/2040 | | | | $ | 260,000 | | | $ | 339,560 | |
| 10.125% | 05/15/2027 | | | | | 635,000 | | | | 882,650 | |
| 8.875% | 04/15/2024 | | | | | 400,000 | | | | 499,000 | |
| 7.875% | 03/07/2015 | | | | | 455,000 | | | | 516,880 | |
| 7.125% | 01/20/2037 | | | | | 460,000 | | | | 501,400 | |
| Hydro Quebec, Series IO (Canada) |
| 8.050% | 07/07/2024 | | | | | 250,000 | | | | 303,361 | |
| Hydro Quebec, Series JL (Canada) |
| 6.300% | 05/11/2011 | | † | | | 350,000 | | | | 379,507 | |
| Malaysia Government (Malaysia) |
| 7.500% | 07/15/2011 | | | | | 250,000 | | | | 273,641 | |
| People’s Republic of China (China) |
| 4.750% | 10/29/2013 | | † | | | 250,000 | | | | 263,856 | |
| Province of British Columbia, Series BCUSD-2 (Canada) |
| 6.500% | 01/15/2026 | | | | | 150,000 | | | | 168,977 | |
| Province of Manitoba, Series FH (Canada) |
| 4.900% | 12/06/2016 | | † | | | 500,000 | | | | 518,058 | |
| Province of Ontario (Canada) |
| 5.450% | 04/27/2016 | | † | | | 1,000,000 | | | | 1,068,709 | |
| 4.500% | 02/03/2015 | | | | | 400,000 | | | | 417,350 | |
| Province of Quebec, Series PD (Canada) |
| 7.500% | 09/15/2029 | | | | | 600,000 | | | | 737,758 | |
| Province of Quebec, Series PJ (Canada) |
| 6.125% | 01/22/2011 | | † | | | 850,000 | | | | 908,490 | |
| Province of Saskatchewan (Canada) |
| 7.375% | 07/15/2013 | | | | | 230,000 | | | | 262,418 | |
| Region of Lombardy (Italy) |
| 5.804% | 10/25/2032 | | | | | 100,000 | | | | 96,478 | |
| Republic of Chile (Chile) |
| 5.500% | 01/15/2013 | | | | | 150,000 | | | | 163,209 | |
| Republic of Finland (Finland) |
| 6.950% | 02/15/2026 | | | | | 150,000 | | | | 184,116 | |
| Republic of Italy (Italy) |
| 6.875% | 09/27/2023 | | | | | 250,000 | | | | 281,260 | |
| 5.375% | 06/15/2033 | | | | | 500,000 | | | | 486,016 | |
| 4.375% | 06/15/2013 | | † | | | 1,000,000 | | | | 1,047,592 | |
| Republic of Italy, Series DTC (Italy) |
| 6.000% | 02/22/2011 | | | | | 550,000 | | | | 591,344 | |
| Republic of South Africa (South Africa) |
| 7.375% | 04/25/2012 | | | | | 250,000 | | | | 269,063 | |
| State of Israel (Israel) |
| 5.500% | 11/09/2016 | | | | | 600,000 | | | | 625,877 | |
| United Mexican States (Mexico) |
| 8.375% | 01/14/2011 | | | | | 500,000 | | | | 550,000 | |
| 8.125% | 12/30/2019 | | † | | | 750,000 | | | | 877,500 | |
| United Mexican States MTN (Mexico) |
| 8.300% | 08/15/2031 | | | | | 500,000 | | | | 598,750 | |
| United Mexican States, Series A MTN (Mexico) |
| 5.875% | 01/15/2014 | | | | | 1,000,000 | | | | 1,057,500 | |
TOTAL SOVEREIGN DEBT OBLIGATIONS |
| (Cost $14,837,853) | | 14,870,320 | |
| |
ASSET BACKED SECURITIES—0.5% |
Automobile—0.2% |
Capital Auto Receivables Asset Trust
Series 2007-3, Class A4 |
| 5.210% | 03/17/2014 | | | | | 2,000,000 | | | | 2,051,638 | |
Credit Card—0.3% |
Capital One Multi-Asset Execution Trust
Series 2008-A5, Class A5 |
| 4.850% | 02/18/2014 | | | | | 1,450,000 | | | | 1,508,465 | |
See accompanying notes to financial statements.
191
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
ASSET BACKED SECURITIES—(Continued) |
Capital One Multi-Asset Execution Trust
Series 2007-A7, Class A7 |
| 5.750% | 07/15/2020 | | † | | $ | 500,000 | | | $ | 515,553 | |
MBNA Credit Card Master Note Trust
Series 2005-A6, Class A6 |
| 4.500% | 01/15/2013 | | | | | 1,200,000 | | | | 1,233,961 | |
| | | | | | | | | | | 3,257,979 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $5,172,682) | | | | | | | | 5,309,617 | |
| |
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES—3.3% |
Mortgage Backed—3.3% |
Banc of America Commercial Mortgage, Inc.
Series 2005-6, Class AM |
| 5.351% | 09/10/2047 | | # | | | 1,000,000 | | | | 623,287 | |
Banc of America Commercial Mortgage, Inc.
Series 2002-2, Class A3 |
| 5.118% | 07/11/2043 | | | | | 500,000 | | | | 496,611 | |
Banc of America Commercial Mortgage, Inc.
Series 2004-6, Class A5 |
| 4.811% | 12/10/2042 | | | | | 500,000 | | | | 427,437 | |
Banc of America Commercial Mortgage, Inc.
Series 2005-4, Class A5A |
| 4.933% | 07/10/2045 | | | | | 1,185,000 | | | | 1,018,708 | |
Banc of America Commercial Mortgage, Inc.
Series 2007-1, Class A2 |
| 5.381% | 01/15/2049 | | | | | 1,500,000 | | | | 1,365,190 | |
Bear Stearns Commercial Mortgage Securities
Series 2005-T20, Class A4A |
| 5.299% | 10/12/2042 | | # | | | 921,000 | | | | 794,414 | |
Citigroup Commercial Mortgage Trust
Series 2004-C1, Class A3 |
| 5.251% | 04/15/2040 | | # | | | 750,000 | | | | 701,784 | |
Citigroup/Deutsche Bank Commercial Mortgage Trust
Series 2005-CD1, Class A4 |
| 5.399% | 07/15/2044 | | # | | | 900,000 | | | | 800,003 | |
CS First Boston Mortgage Securities Corp.
Series 2004-C2, Class A2 |
| 5.416% | 05/15/2036 | | # | | | 2,000,000 | | | | 1,757,693 | |
CS First Boston Mortgage Securities Corp.
Series 2005-C5, Class A3 |
| 5.100% | 08/15/2038 | | # | | | 2,650,000 | | | | 2,371,045 | |
CS First Boston Mortgage Securities Corp.
Series 2005-C2, Class A4 |
| 4.832% | 04/15/2037 | | | | | 750,000 | | | | 649,500 | |
CW Capital Cobalt Ltd.
Series 2006-C1, Class A4 |
| 5.223% | 08/15/2048 | | | | | 750,000 | | | | 541,690 | |
GE Capital Commercial Mortgage Corp.
Series 2001-1, Class A2 |
| 6.531% | 05/15/2033 | | | | | 1,000,000 | | | | 1,029,744 | |
GMAC Commercial Mortgage Securities, Inc.
Series 2004-C3, Class D |
| 5.044% | 12/10/2041 | | # | | | 250,000 | | | | 99,954 | |
Greenwich Capital Commercial Funding Corp.
Series 2007-GG9, Class A4 |
| 5.444% | 03/10/2039 | | | | | 1,000,000 | | | | 799,744 | |
GS Mortgage Securities Corp. II
Series 2007-GG10, Class A4 |
| 5.993% | 08/10/2045 | | # | | | 3,500,000 | | | | 2,654,780 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-LDP3, Class A4B |
| 4.996% | 08/15/2042 | | # | | $ | 1,075,000 | | | $ | 814,281 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2004-CB9, Class A4 |
| 5.551% | 06/12/2041 | | # | | | 750,000 | | | | 649,054 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2006-CB17, Class AM |
| 5.464% | 12/12/2043 | | | | | 750,000 | | | | 364,428 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-CB13, Class AM |
| 5.498% | 01/12/2043 | | # | | | 900,000 | | | | 566,622 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2003-ML1A, Class A2 |
| 4.767% | 03/12/2039 | | | | | 1,000,000 | | | | 924,924 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2007-CB20, Class A4 |
| 5.794% | 02/12/2051 | | # | | | 500,000 | | | | 374,914 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-LDP2, Class A4 |
| 4.738% | 07/15/2042 | | | | | 935,000 | | | | 793,596 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-LDP2, Class E |
| 4.981% | 07/15/2042 | | # | | | 750,000 | | | | 265,712 | |
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2004-CBX, Class AJ |
| 4.951% | 01/12/2037 | | # | | | 1,750,000 | | | | 976,365 | |
LB-UBS Commercial Mortgage Trust
Series 2007-C2, Class A3 |
| 5.430% | 02/15/2040 | | | | | 750,000 | | | | 544,182 | |
Merrill Lynch/Countrywide Commercial Mortgage Trust
Series 2006-3, Class A4 |
| 5.414% | 07/12/2046 | | # | | | 750,000 | | | | 566,695 | |
Morgan Stanley Capital I
Series 2006-IQ12, Class A2 |
| 5.283% | 12/15/2043 | | | | | 750,000 | | | | 716,061 | |
Morgan Stanley Capital I
Series 2007-HQ11, Class A4 |
| 5.447% | 02/12/2044 | | # | | | 1,500,000 | | | | 1,150,153 | |
Morgan Stanley Capital I
Series 2004-T13, Class A2 |
| 3.940% | 09/13/2045 | | | | | 404,160 | | | | 397,801 | |
Morgan Stanley Capital I
Series 2007-IQ13, Class AM |
| 5.406% | 03/15/2044 | | | | | 1,500,000 | | | | 706,095 | |
Morgan Stanley Capital I
Series 2006-HQ9, Class AM |
| 5.773% | 07/12/2044 | | # | | | 1,000,000 | | | | 510,759 | |
Morgan Stanley Dean Witter Capital I
Series 2003-HQ2, Class A1 |
| 4.180% | 03/12/2035 | | | | | 484,985 | | | | 470,073 | |
Wachovia Bank Commercial Mortgage Trust
Series 2003-C5, Class A2 |
| 3.989% | 06/15/2035 | | | | | 750,000 | | | | 701,695 | |
Wachovia Bank Commercial Mortgage Trust
Series 2003-C9, Class A4 |
| 5.012% | 12/15/2035 | | # | | | 750,000 | | | | 669,761 | |
Wachovia Bank Commercial Mortgage Trust
Series 2006-C28, Class A2 |
| 5.500% | 10/15/2048 | | | | | 500,000 | | | | 483,536 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2004-C11, Class A5 |
| 5.215% | 01/15/2041 | | # | | | 500,000 | | | | 440,228 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2004-C12, Class A4 |
| 5.426% | 07/15/2041 | | # | | | 750,000 | | | | 672,631 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2006-C25, Class A3 |
| 5.891% | 05/15/2043 | | # | | | 1,000,000 | | | | 925,955 | |
|
See accompanying notes to financial statements.
192
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES—(Continued) |
Wachovia Bank Commercial Mortgage Trust
Series 2007-C30, Class A5 |
| 5.342% | 12/15/2043 | | | | $ | 500,000 | | | $ | 330,262 | |
Wachovia Bank Commercial Mortgage Trust
Series 2004-C15, Class B |
| 4.892% | 10/15/2041 | | | | | 1,000,000 | | | | 493,020 | |
Wachovia Bank Commercial Mortgage Trust
Series 2006-C26, Class AJ |
| 6.188% | 06/15/2045 | | # | | | 1,000,000 | | | | 370,600 | |
TOTAL NON-U.S. GOVERNMENT
MORTGAGE-BACKED SECURITIES |
| (Cost $39,678,180) | | | | | | 32,010,987 |
| |
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS—1.1% |
Non-U.S. Government Agency Obligations—1.1% |
| China Development Bank Corp. (China) |
| 5.000% | | | | | | 10/15/2015 | | † | | | 250,000 | | | | 258,712 | |
| Eksportfinans A/S (Norway) |
| 5.000% | 02/14/2012 | | | | | 800,000 | | | | 849,357 | |
| Export-Import Bank of Korea (Korea, Republic of) |
| 5.125% | 03/16/2015 | | † | | | 500,000 | | | | 467,481 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 4.875% | 01/17/2017 | | | | | 1,000,000 | | | | 1,057,998 | |
| 4.125% | 10/15/2014 | | | | | 1,000,000 | | | | 1,012,025 | |
| 3.250% | 02/15/2011 | | | | | 1,000,000 | | | | 1,032,452 | |
| 3.250% | 03/15/2013 | | | | | 750,000 | | | | 764,833 | |
| Landwirtschaftliche Rentenbank (Germany) |
| 4.875% | 02/14/2011 | | † | | | 1,000,000 | | | | 1,049,311 | |
| Landwirtschaftliche Rentenbank, Series G13 (Germany) |
| 4.875% | 11/16/2015 | | | | | 1,000,000 | | | | 1,084,709 | |
| Oesterreichische Kontrollbank AG (Austria) |
| 4.750% | 11/08/2011 | | | | | 1,000,000 | | | | 1,064,494 | |
| 2.875% | 03/15/2011 | | | | | 1,000,000 | | | | 1,022,094 | |
| Pemex Project Funding Master Trust |
| 9.125% | 10/13/2010 | | | | | 80,000 | | | | 86,504 | |
| 6.625% | 06/15/2035 | | | | | 500,000 | | | | 452,841 | |
| Svensk Exportkredit AB (Sweden) |
| 5.125% | 03/01/2017 | | | | | 500,000 | | | | 507,203 | |
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS |
| (Cost $10,437,121) | | | | | | 10,710,014 | |
|
|
|
|---|
|
|
|
|
Shares
|
| Value
|
|
|---|
CASH EQUIVALENTS—13.9% |
Institutional Money Market Funds—12.3% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 25,870,399 | | | $ | 25,870,400 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 48,348,924 | | | | 48,348,924 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 8,000,000 | | | | 8,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 17,100,000 | | | | 17,100,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 20,000,000 | | | | 20,000,000 | |
| | | | | | | 119,319,324 | |
| |
Coupon
Rate
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
Medium Term Notes—1.6% |
| General Electric Capital Corp. |
| 1.122% | 10/26/2009 | | #†† | | $ | 7,882,406 | | | | 7,882,406 | |
| Toyota Motor Credit Corp. |
| 0.670% | 08/05/2009 | | #†† | | | 6,955,898 | | | | 6,955,898 | |
| | | | | | | | | | | | | | | | 14,838,304 | |
TOTAL CASH EQUIVALENTS |
| (Cost $134,157,628) | | | | | | | | 134,157,628 | |
TOTAL INVESTMENTS—112.8% |
| (Cost $1,089,517,066) | | 1,091,958,150 | |
| Other assets less liabilities—(12.8%) | | (124,084,355 | ) |
NET ASSETS—100.0% | $ | 967,873,795 | |
| Notes to the Schedule of Investments: | |
|---|
| MTN | | | | Medium Term Note |
| TBA | | | | Security is subject to delayed delivery. |
| † | | | | Denotes all or a portion of security on loan. |
| 5 | | | | Security in default. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| ˆ | | | | Securities are not registered under the Securities Act of 1933. These securities may be resold only in transactions exempt from registration, generally to qualified institutional buyers under Securities Act Rule 144A. 144A securities represent 0.0% of Total Investments. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
193
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June 30, 2009 (Unaudited)
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COMMON STOCKS—95.8% |
Aerospace & Defense—2.7% | | | | | | | |
| Boeing Co. (The) | † | | | 25,494 | | | $ | 1,083,495 | |
| General Dynamics Corp. | | | | 13,328 | | | | 738,238 | |
| Goodrich Corp. | | | | 4,424 | | | | 221,067 | |
| Honeywell International, Inc. | | | | 25,851 | | | | 811,721 | |
| ITT Corp. | | | | 6,369 | | | | 283,421 | |
| L-3 Communications Holdings, Inc. | | | | 4,215 | | | | 292,437 | |
| Lockheed Martin Corp. | | | | 11,424 | | | | 921,346 | |
| Northrop Grumman Corp. | | | | 11,302 | | | | 516,275 | |
| Precision Castparts Corp. | | | | 4,953 | | | | 361,718 | |
| Raytheon Co. | | | | 13,795 | | | | 612,912 | |
| Rockwell Collins, Inc. | † | | | 5,595 | | | | 233,479 | |
| United Technologies Corp. | | | | 33,046 | | | | 1,717,070 | |
| | | | | | | | | 7,793,179 | |
Air Freight & Logistics—1.0% | | | | | | | |
| C.H. Robinson Worldwide, Inc. | | 6,044 | | | | 315,194 | |
| Expeditors International of Washington, Inc. | † | | | 7,220 | | | | 240,715 | |
| FedEx Corp. | | | | 10,756 | | | | 598,249 | |
| United Parcel Service, Inc., Class B | | | | 34,912 | | | | 1,745,251 | |
| | | | | | | | | 2,899,409 | |
Airlines—0.1% | | | | | | | |
| Southwest Airlines Co. | | | | 25,168 | | | | 169,381 | |
Auto Components—0.2% | | | | | | | |
| Goodyear Tire & Rubber Co. (The) | * | | | 8,817 | | | | 99,280 | |
| Johnson Controls, Inc. | † | | | 21,006 | | | | 456,250 | |
| | | | | | | | | 555,530 | |
Automobiles—0.3% | | | | | | | |
| Ford Motor Co. | * | | | 111,479 | | | | 676,677 | |
| Harley-Davidson, Inc. | | | | 8,160 | | | | 132,274 | |
| | | | | | | | | 808,951 | |
Beverages—2.5% | | | | | | | |
| Brown-Forman Corp., Class B | | | | 3,388 | | | | 145,616 | |
| Coca-Cola Co. (The) | | | | 69,725 | | | | 3,346,103 | |
| Coca-Cola Enterprises, Inc. | | | | 11,082 | | | | 184,515 | |
| Constellation Brands, Inc., Class A | *† | | | 6,458 | | | | 81,887 | |
| Dr. Pepper Snapple Group, Inc. | * | | | 8,814 | | | | 186,769 | |
| Molson Coors Brewing Co., Class B | | | | 5,351 | | | | 226,508 | |
| Pepsi Bottling Group, Inc. | | | | 4,806 | | | | 162,635 | |
| PepsiCo, Inc. | | | | 54,526 | | | | 2,996,749 | |
| | | | | | | | | 7,330,782 | |
Biotechnology—1.8% | | | | | | | |
| Amgen, Inc. | * | | | 35,408 | | | | 1,874,500 | |
| Biogen Idec, Inc. | * | | | 10,267 | | | | 463,555 | |
| Celgene Corp. | * | | | 15,853 | | | | 758,407 | |
| Cephalon, Inc. | *† | | | 2,668 | | | | 151,142 | |
| Genzyme Corp. | *† | | | 9,374 | | | | 521,851 | |
| Gilead Sciences, Inc. | * | | | 31,678 | | | | 1,483,797 | |
| | | | | | | | | 5,253,252 | |
Building Products—0.0% | | | | | | | |
| Masco Corp. | † | | | 11,772 | | | | 112,776 | |
Capital Markets—2.9% | | | | | | | |
| Ameriprise Financial, Inc. | † | | | 8,735 | | | $ | 211,998 | |
| Bank of New York Mellon Corp. (The) | | | | 41,688 | | | | 1,221,875 | |
| Charles Schwab Corp. (The) | | | | 32,391 | | | | 568,138 | |
| E*Trade Financial Corp. | *† | | | 19,008 | | | | 24,330 | |
| Federated Investors, Inc., Class B | † | | | 2,799 | | | | 67,428 | |
| Franklin Resources, Inc. | | | | 5,254 | | | | 378,341 | |
| Goldman Sachs Group, Inc. (The) | | | | 17,607 | | | | 2,595,976 | |
| Invesco Ltd. | † | | | 14,501 | | | | 258,408 | |
| Janus Capital Group, Inc. | | | | 5,927 | | | | 67,568 | |
| Legg Mason, Inc. | † | | | 5,076 | | | | 123,753 | |
| Morgan Stanley | | | | 47,138 | | | | 1,343,904 | |
| Northern Trust Corp. | | | | 8,429 | | | | 452,469 | |
| State Street Corp. | | | | 17,235 | | | | 813,492 | |
| T. Rowe Price Group, Inc. | † | | | 8,958 | | | | 373,280 | |
| | | | | | | | | 8,500,960 | |
Chemicals—1.7% | | | | | | | |
| Air Products & Chemicals, Inc. | | | | 7,405 | | | | 478,289 | |
| CF Industries Holdings, Inc. | | | | 1,744 | | | | 129,300 | |
| Dow Chemical Co. (The) | | | | 37,174 | | | | 599,988 | |
| E.I. Du Pont de Nemours & Co. | | | | 31,748 | | | | 813,384 | |
| Eastman Chemical Co. | † | | | 2,451 | | | | 92,893 | |
| Ecolab, Inc. | | | | 5,661 | | | | 220,722 | |
| International Flavors & Fragrances, Inc. | | | | 2,885 | | | | 94,397 | |
| Monsanto Co. | | | | 19,222 | | | | 1,428,964 | |
| PPG Industries, Inc. | | | | 5,852 | | | | 256,903 | |
| Praxair, Inc. | | | | 10,806 | | | | 767,982 | |
| Sigma-Aldrich Corp. | † | | | 4,130 | | | | 204,683 | |
| | | | | | | | | 5,087,505 | |
Commercial Banks—2.6% | | | | | | | |
| BB&T Corp. | | | | 22,555 | | | | 495,759 | |
| Comerica, Inc. | | | | 4,863 | | | | 102,852 | |
| Fifth Third Bancorp | | | | 25,359 | | | | 180,049 | |
| First Horizon National Corp. | *† | | | 8,030 | | | | 96,357 | |
| Huntington Bancshares, Inc./Ohio | † | | | 18,397 | | | | 76,899 | |
| KeyCorp | | | | 24,390 | | | | 127,804 | |
| M&T Bank Corp. | † | | | 2,789 | | | | 142,044 | |
| Marshall & Ilsley Corp. | † | | | 13,123 | | | | 62,990 | |
| PNC Financial Services Group, Inc. | | | | 16,014 | | | | 621,503 | |
| Regions Financial Corp. | | | | 40,205 | | | | 162,428 | |
| SunTrust Banks, Inc. | | | | 15,933 | | | | 262,098 | |
| U.S. Bancorp | | | | 66,518 | | | | 1,192,003 | |
| Wells Fargo & Co. | | | | 162,525 | | | | 3,942,856 | |
| Zions Bancorporation | | | | 3,760 | | | | 43,466 | |
| | | | | | | | | 7,509,108 | |
Commercial Services & Supplies—0.5% | | | |
| Avery Dennison Corp. | | | | 4,176 | | | | 107,240 | |
| Cintas Corp. | | | | 4,626 | | | | 105,658 | |
| Iron Mountain, Inc. | * | | | 6,456 | | | | 185,610 | |
| Pitney Bowes, Inc. | | | | 7,101 | | | | 155,725 | |
| R.R. Donnelley & Sons Co. | | | | 6,781 | | | | 78,795 | |
| Republic Services, Inc. | | | | 11,315 | | | | 276,199 | |
| Stericycle, Inc. | * | | | 2,968 | | | | 152,941 | |
| Waste Management, Inc. | | | | 16,996 | | | | 478,607 | |
| | | | | | | | | 1,540,775 | |
See accompanying notes to financial statements.
194
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
Communications Equipment—2.6% | | | |
| Ciena Corp. | *† | | | 4,050 | | | $ | 41,917 | |
| Cisco Systems, Inc. | * | | | 201,625 | | | | 3,758,290 | |
| Harris Corp. | | | | 4,845 | | | | 137,404 | |
| JDS Uniphase Corp. | * | | | 9,312 | | | | 53,265 | |
| Juniper Networks, Inc. | * | | | 18,468 | | | | 435,845 | |
| Motorola, Inc. | | | | 80,341 | | | | 532,661 | |
| QUALCOMM, Inc. | | | | 57,799 | | | | 2,612,515 | |
| Tellabs, Inc. | * | | | 12,229 | | | | 70,072 | |
| | | | | | | | | 7,641,969 | |
Computers & Peripherals—5.2% | | | |
| Apple, Inc. | * | | | 31,183 | | | | 4,441,395 | |
| Dell, Inc. | * | | | 60,696 | | | | 833,356 | |
| EMC Corp. | * | | | 70,744 | | | | 926,746 | |
| Hewlett-Packard Co. | | | | 83,385 | | | | 3,222,830 | |
| International Business Machines Corp. | | | | 46,199 | | | | 4,824,100 | |
| Lexmark International, Inc., Class A | * | | | 2,870 | | | | 45,489 | |
| NetApp, Inc. | * | | | 11,394 | | | | 224,690 | |
| QLogic Corp. | * | | | 4,584 | | | | 58,125 | |
| SanDisk Corp. | * | | | 8,140 | | | | 119,577 | |
| Sun Microsystems, Inc. | * | | | 26,577 | | | | 245,040 | |
| Teradata Corp. | * | | | 6,258 | | | | 146,625 | |
| Western Digital Corp. | * | | | 7,772 | | | | 205,958 | |
| | | | | | | | | 15,293,931 | |
Construction & Engineering—0.2% | | | |
| Fluor Corp. | † | | | 6,440 | | | | 330,308 | |
| Jacobs Engineering Group, Inc. | * | | | 4,416 | | | | 185,869 | |
| Quanta Services, Inc. | * | | | 6,807 | | | | 157,446 | |
| | | | | | | | | 673,623 | |
Construction Materials—0.1% | | | | | | | |
| Vulcan Materials Co. | † | | | 4,377 | | | | 188,649 | |
Consumer Finance—0.6% | | | | | | | |
| American Express Co. | | | | 41,151 | | | | 956,349 | |
| Capital One Financial Corp. | † | | | 15,356 | | | | 335,989 | |
| Discover Financial Services | | | | 17,349 | | | | 178,174 | |
| SLM Corp. | * | | | 16,076 | | | | 165,101 | |
| | | | | | | | | 1,635,613 | |
Containers & Packaging—0.2% | | | |
| Ball Corp. | | | | 3,168 | | | | 143,067 | |
| Bemis Co., Inc. | | | | 3,365 | | | | 84,798 | |
| Owens-Illinois, Inc. | * | | | 6,009 | | | | 168,312 | |
| Pactiv Corp. | * | | | 4,478 | | | | 97,173 | |
| Sealed Air Corp. | | | | 5,776 | | | | 106,567 | |
| | | | | | | | | 599,917 | |
Distributors—0.1% | | | | | | | |
| Genuine Parts Co. | | | | 5,435 | | | | 182,399 | |
Diversified Consumer Services—0.2% | | | |
| Apollo Group, Inc., Class A | *† | | | 3,816 | | | | 271,394 | |
| DeVry, Inc. | | | | 2,111 | | | | 105,635 | |
| H&R Block, Inc. | | | | 11,954 | | | | 205,967 | |
| | | | | | | | | 582,996 | |
Diversified Financial Services—3.6% | | | |
| Bank of America Corp. | | | | 281,777 | | | | 3,719,456 | |
| CIT Group, Inc. | † | | | 14,506 | | | | 31,188 | |
| Citigroup, Inc. | † | | | 189,163 | | | | 561,814 | |
| CME Group, Inc. | † | | | 2,334 | | | $ | 726,131 | |
| IntercontinentalExchange, Inc. | * | | | 2,464 | | | | 281,487 | |
| JPMorgan Chase & Co. | | | | 136,037 | | | | 4,640,222 | |
| Leucadia National Corp. | * | | | 6,542 | | | | 137,971 | |
| Moody’s Corp. | † | | | 6,750 | | | | 177,863 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 4,996 | | | | 106,465 | |
| NYSE Euronext | | | | 8,929 | | | | 243,315 | |
| | | | | | | | | 10,625,912 | |
Diversified Telecommunication Services—3.0% |
| AT&T, Inc. | | | | 206,324 | | | | 5,125,088 | |
| CenturyTel, Inc. | † | | | 3,293 | | | | 101,095 | |
| Embarq Corp. | | | | 4,901 | | | | 206,136 | |
| Frontier Communications Corp. | † | | | 10,409 | | | | 74,320 | |
| Qwest Communications International, Inc. | † | | | 49,218 | | | | 204,255 | |
| Verizon Communications, Inc. | | | | 99,517 | | | | 3,058,157 | |
| Windstream Corp. | | | | 16,029 | | | | 134,003 | |
| | | | | | | | | 8,903,054 | |
Electric Utilities—2.2% | | | | | | | |
| Allegheny Energy, Inc. | | | | 5,689 | | | | 145,923 | |
| American Electric Power Co., Inc. | | | | 16,627 | | | | 480,354 | |
| Duke Energy Corp. | | | | 44,217 | | | | 645,126 | |
| Edison International | | | | 11,550 | | | | 363,363 | |
| Entergy Corp. | † | | | 6,835 | | | | 529,849 | |
| Exelon Corp. | | | | 23,121 | | | | 1,184,027 | |
| FirstEnergy Corp. | † | | | 10,548 | | | | 408,735 | |
| FPL Group, Inc. | | | | 14,390 | | | | 818,215 | |
| Northeast Utilities | † | | | 5,734 | | | | 127,926 | |
| Pepco Holdings, Inc. | | | | 7,419 | | | | 99,711 | |
| Pinnacle West Capital Corp. | † | | | 3,328 | | | | 100,339 | |
| PPL Corp. | | | | 13,275 | | | | 437,544 | |
| Progress Energy, Inc. | | | | 9,584 | | | | 362,563 | |
| Southern Co. | | | | 27,362 | | | | 852,600 | |
| | | | | | | | | 6,556,275 | |
Electrical Equipment—0.4% | | | | | | | |
| Cooper Industries Ltd., Class A | | | | 5,710 | | | | 177,295 | |
| Emerson Electric Co. | | | | 26,549 | | | | 860,188 | |
| Rockwell Automation, Inc. | † | | | 5,106 | | | | 164,005 | |
| | | | | | | | | 1,201,488 | |
Electronic Equipment, Instruments & Components—0.5% |
| Agilent Technologies, Inc. | * | | | 11,849 | | | | 240,653 | |
| Amphenol Corp., Class A | | | | 6,088 | | | | 192,624 | |
| Corning, Inc. | | | | 54,697 | | | | 878,434 | |
| FLIR Systems, Inc. | * | | | 5,021 | | | | 113,274 | |
| Jabil Circuit, Inc. | | | | 8,649 | | | | 64,176 | |
| Molex, Inc. | | | | 5,255 | | | | 81,715 | |
| | | | | | | | | 1,570,876 | |
Energy Equipment & Services—1.7% |
| Baker Hughes, Inc. | | | | 10,755 | | | | 391,912 | |
| BJ Services Co. | † | | | 10,220 | | | | 139,299 | |
| Cameron International Corp. | *† | | | 7,574 | | | | 214,344 | |
| Diamond Offshore Drilling, Inc. | † | | | 2,484 | | | | 206,296 | |
| ENSCO International, Inc. | | | | 5,078 | | | | 177,070 | |
| FMC Technologies, Inc. | * | | | 4,308 | | | | 161,895 | |
| Halliburton Co. | | | | 30,997 | | | | 641,638 | |
| Nabors Industries Ltd. (Bermuda) | *† | | | 10,155 | | | | 158,215 | |
See accompanying notes to financial statements.
195
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| National Oilwell Varco, Inc. | * | | | 14,723 | | | $ | 480,853 | |
| Rowan Cos., Inc. | | | | 4,160 | | | | 80,371 | |
| Schlumberger Ltd. | | | | 41,910 | | | | 2,267,750 | |
| Smith International, Inc. | | | | 7,823 | | | | 201,442 | |
| | | | | | | | | 5,121,085 | |
Food & Staples Retailing—2.9% |
| Costco Wholesale Corp. | | | | 14,943 | | | | 682,895 | |
| CVS Caremark Corp. | | | | 51,070 | | | | 1,627,601 | |
| Kroger Co. (The) | | | | 22,558 | | | | 497,404 | |
| Safeway, Inc. | | | | 14,944 | | | | 304,409 | |
| SUPERVALU, Inc. | | | | 7,553 | | | | 97,811 | |
| Sysco Corp. | | | | 20,816 | | | | 467,944 | |
| Walgreen Co. | | | | 34,672 | | | | 1,019,357 | |
| Wal-Mart Stores, Inc. | | | | 77,970 | | | | 3,776,867 | |
| Whole Foods Market, Inc. | † | | | 5,244 | | | | 99,531 | |
| | | | | | | | | 8,573,819 | |
Food Products—1.7% | | | | | | | |
| Archer-Daniels-Midland Co. | | | | 22,161 | | | | 593,250 | |
| Campbell Soup Co. | † | | | 6,910 | | | | 203,292 | |
| ConAgra Foods, Inc. | | | | 15,634 | | | | 297,984 | |
| Dean Foods Co. | * | | | 6,452 | | | | 123,814 | |
| General Mills, Inc. | | | | 11,557 | | | | 647,423 | |
| H.J. Heinz Co. | | | | 11,141 | | | | 397,734 | |
| Hershey Co. (The) | † | | | 5,549 | | | | 199,764 | |
| Hormel Foods Corp. | | | | 2,325 | | | | 80,306 | |
| J.M. Smucker Co. (The) | | | | 4,079 | | | | 198,484 | |
| Kellogg Co. | | | | 8,929 | | | | 415,824 | |
| Kraft Foods, Inc., Class A | | | | 51,583 | | | | 1,307,113 | |
| McCormick & Co., Inc. | | | | 4,418 | | | | 143,718 | |
| Sara Lee Corp. | | | | 24,469 | | | | 238,817 | |
| Tyson Foods, Inc., Class A | | | | 10,902 | | | | 137,474 | |
| | | | | | | | | 4,984,997 | |
Gas Utilities—0.1% | | | | | | | |
| EQT Corp. | | | | 4,706 | | | | 164,286 | |
| Nicor, Inc. | | | | 1,395 | | | | 48,295 | |
| Questar Corp. | | | | 5,848 | | | | 181,639 | |
| | | | | | | | | 394,220 | |
Health Care Equipment & Supplies—2.0% |
| Baxter International, Inc. | | | | 21,156 | | | | 1,120,422 | |
| Becton Dickinson and Co. | † | | | 8,456 | | | | 602,997 | |
| Boston Scientific Corp. | * | | | 53,067 | | | | 538,099 | |
| C.R. Bard, Inc. | † | | | 3,477 | | | | 258,863 | |
| DENTSPLY International, Inc. | † | | | 5,318 | | | | 162,305 | |
| Hospira, Inc. | *† | | | 5,724 | | | | 220,489 | |
| Intuitive Surgical, Inc. | *† | | | 1,310 | | | | 214,395 | |
| Medtronic, Inc. | | | | 39,257 | | | | 1,369,677 | |
| St. Jude Medical, Inc. | * | | | 12,236 | | | | 502,900 | |
| Stryker Corp. | | | | 8,443 | | | | 335,525 | |
| Varian Medical Systems, Inc. | *† | | | 4,482 | | | | 157,497 | |
| Zimmer Holdings, Inc. | * | | | 7,769 | | | | 330,959 | |
| | | | | | | | | 5,814,128 | |
Health Care Providers & Services—2.1% |
| Aetna, Inc. | | | | 15,694 | | | | 393,135 | |
| AmerisourceBergen Corp. | | | | 10,252 | | | | 181,870 | |
| Cardinal Health, Inc. | | | | 12,471 | | | | 380,989 | |
| CIGNA Corp. | | | | 9,619 | | | | 231,722 | |
| Coventry Health Care, Inc. | * | | | 4,800 | | | | 89,808 | |
| DaVita, Inc. | *† | | | 3,513 | | | | 173,753 | |
| Express Scripts, Inc. | * | | | 9,546 | | | | 656,288 | |
| Humana, Inc. | * | | | 6,075 | | | | 195,979 | |
| Laboratory Corp. of America Holdings | * | | | 3,800 | | | $ | 257,602 | |
| McKesson Corp. | | | | 9,692 | | | | 426,448 | |
| Medco Health Solutions, Inc. | * | | | 16,872 | | | | 769,532 | |
| Patterson Cos., Inc. | *† | | | 2,852 | | | | 61,888 | |
| Quest Diagnostics, Inc. | | | | 5,216 | | | | 294,339 | |
| Tenet Healthcare Corp. | * | | | 14,819 | | | | 41,790 | |
| UnitedHealth Group, Inc. | | | | 41,610 | | | | 1,039,418 | |
| WellPoint, Inc. | * | | | 16,960 | | | | 863,094 | |
| | | | | | | | | 6,057,655 | |
Health Care Technology—0.0% | | | | | | | |
| IMS Health, Inc. | | | | 6,032 | | | | 76,606 | |
Hotels, Restaurants & Leisure—1.5% |
| Carnival Corp. | | | | 15,164 | | | | 390,776 | |
| Darden Restaurants, Inc. | | | | 4,663 | | | | 153,786 | |
| International Game Technology | | | | 10,630 | | | | 169,017 | |
| Marriott International, Inc., Class A | † | | | 10,522 | | | | 232,213 | |
| McDonald’s Corp. | | | | 38,563 | | | | 2,216,987 | |
| Starbucks Corp. | *† | | | 24,975 | | | | 346,903 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 6,578 | | | | 146,032 | |
| Wyndham Worldwide Corp. | | | | 6,076 | | | | 73,641 | |
| Wynn Resorts Ltd. | *† | | | 2,210 | | | | 78,013 | |
| Yum! Brands, Inc. | | | | 16,231 | | | | 541,141 | |
| | | | | | | | | 4,348,509 | |
Household Durables—0.3% | | | | | | | |
| Black & Decker Corp. | | | | 1,913 | | | | 54,827 | |
| Centex Corp. | † | | | 3,736 | | | | 31,607 | |
| D.R. Horton, Inc. | | | | 8,784 | | | | 82,218 | |
| Fortune Brands, Inc. | | | | 5,108 | | | | 177,452 | |
| Harman International Industries, Inc. | † | | | 2,000 | | | | 37,600 | |
| KB Home | † | | | 2,308 | | | | 31,573 | |
| Leggett & Platt, Inc. | | | | 5,276 | | | | 80,353 | |
| Lennar Corp., Class A | | | | 4,253 | | | | 41,212 | |
| Newell Rubbermaid, Inc. | † | | | 8,746 | | | | 91,046 | |
| Pulte Homes, Inc. | † | | | 7,777 | | | | 68,671 | |
| Snap-On, Inc. | | | | 1,846 | | | | 53,054 | |
| Stanley Works (The) | | | | 2,596 | | | | 87,849 | |
| Whirlpool Corp. | † | | | 2,688 | | | | 114,401 | |
| | | | | | | | | 951,863 | |
Household Products—2.5% | | | | | | | |
| Clorox Co. | | | | 4,707 | | | | 262,792 | |
| Colgate-Palmolive Co. | | | | 17,604 | | | | 1,245,307 | |
| Kimberly-Clark Corp. | | | | 14,274 | | | | 748,386 | |
| Procter & Gamble Co. (The) | | | | 101,853 | | | | 5,204,688 | |
| | | | | | | | | 7,461,173 | |
Independent Power Producers & Energy Traders—0.2% |
| AES Corp. (The) | *† | | | 22,610 | | | | 262,502 | |
| Constellation Energy Group, Inc. | | | | 6,846 | | | | 181,967 | |
| Dynegy, Inc., Class A | * | | | 14,627 | | | | 33,203 | |
| | | | | | | | | 477,672 | |
Industrial Conglomerates—2.0% |
| 3M Co. | | | | 24,347 | | | | 1,463,255 | |
| General Electric Co. | | | | 369,729 | | | | 4,333,224 | |
| Textron, Inc. | | | | 9,658 | | | | 93,296 | |
| | | | | | | | | 5,889,775 | |
See accompanying notes to financial statements.
196
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COMMON STOCKS—(Continued) |
Insurance—2.3% | | | | | | | |
| Aflac, Inc. | | | | 16,268 | | | $ | 505,772 | |
| Allstate Corp. (The) | | | | 18,947 | | | | 462,307 | |
| American International Group, Inc. | † | | | 91,105 | | | | 105,682 | |
| AON Corp. | | | | 9,700 | | | | 367,339 | |
| Assurant, Inc. | | | | 4,173 | | | | 100,528 | |
| Chubb Corp. | | | | 12,442 | | | | 496,187 | |
| Cincinnati Financial Corp. | † | | | 5,643 | | | | 126,121 | |
| Genworth Financial, Inc., Class A | | | | 13,920 | | | | 97,301 | |
| Hartford Financial Services Group, Inc. | | | | 11,724 | | | | 139,164 | |
| Lincoln National Corp. | | | | 10,268 | | | | 176,712 | |
| Loews Corp. | | | | 12,596 | | | | 345,130 | |
| Marsh & McLennan Cos., Inc. | | | | 17,903 | | | | 360,387 | |
| MBIA, Inc. | * | | | 6,439 | | | | 27,881 | |
| MetLife, Inc. | | | | 28,766 | | | | 863,268 | |
| Principal Financial Group, Inc. | | | | 10,636 | | | | 200,382 | |
| Progressive Corp. (The) | * | | | 23,557 | | | | 355,946 | |
| Prudential Financial, Inc. | | | | 16,079 | | | | 598,460 | |
| Torchmark Corp. | † | | | 2,839 | | | | 105,156 | |
| Travelers Cos., Inc. (The) | | | | 20,570 | | | | 844,193 | |
| Unum Group | | | | 11,872 | | | | 188,290 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 12,158 | | | | 139,331 | |
| | | | | | | | | 6,605,537 | |
Internet & Catalog Retail—0.4% | | | |
| Amazon.com, Inc. | * | | | 11,300 | | | | 945,358 | |
| Expedia, Inc. | * | | | 7,960 | | | | 120,276 | |
| | | | | | | | | 1,065,634 | |
Internet Software & Services—1.8% | | | |
| Akamai Technologies, Inc. | *† | | | 6,199 | | | | 118,897 | |
| eBay, Inc. | * | | | 37,234 | | | | 637,818 | |
| Google, Inc., Class A | * | | | 8,392 | | | | 3,537,983 | |
| VeriSign, Inc. | *† | | | 6,854 | | | | 126,662 | |
| Yahoo! Inc. | * | | | 48,115 | | | | 753,481 | |
| | | | | | | | | 5,174,841 | |
IT Services—1.0% | | | | | | | |
| Affiliated Computer Services, Inc., Class A | * | | | 3,413 | | | | 151,605 | |
| Automatic Data Processing, Inc. | | | | 17,425 | | | | 617,542 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 10,235 | | | | 273,274 | |
| Computer Sciences Corp. | * | | | 5,327 | | | | 235,986 | |
| Convergys Corp. | * | | | 4,528 | | | | 42,020 | |
| Fidelity National Information Services, Inc. | | | | 6,773 | | | | 135,189 | |
| Fiserv, Inc. | * | | | 5,561 | | | | 254,138 | |
| Mastercard, Inc., Class A | | | | 2,506 | | | | 419,279 | |
| Paychex, Inc. | | | | 11,193 | | | | 282,064 | |
| Total System Services, Inc. | | | | 7,089 | | | | 94,922 | |
| Western Union Co. (The) | | | | 24,705 | | | | 405,162 | |
| | | | | | | | | 2,911,181 | |
Leisure Equipment & Products—0.1% |
| Eastman Kodak Co. | † | | | 8,976 | | | | 26,569 | |
| Hasbro, Inc. | † | | | 4,244 | | | | 102,874 | |
| Mattel, Inc. | † | | | 12,835 | | | | 206,002 | |
| | | | | | | | | 335,445 | |
Life Sciences Tools & Services—0.4% |
| Life Technologies Corp. | * | | | 6,115 | | | $ | 255,118 | |
| Millipore Corp. | *† | | | 1,827 | | | | 128,274 | |
| PerkinElmer, Inc. | | | | 4,019 | | | | 69,931 | |
| Thermo Fisher Scientific, Inc. | * | | | 14,446 | | | | 588,963 | |
| Waters Corp. | * | | | 3,186 | | | | 163,983 | |
| | | | | | | | | 1,206,269 | |
Machinery—1.4% | | | | | | | |
| Caterpillar, Inc. | † | | | 20,760 | | | | 685,910 | |
| Cummins, Inc. | | | | 7,178 | | | | 252,737 | |
| Danaher Corp. | † | | | 8,814 | | | | 544,176 | |
| Deere & Co. | | | | 14,892 | | | | 594,935 | |
| Dover Corp. | | | | 6,342 | | | | 209,857 | |
| Eaton Corp. | † | | | 5,795 | | | | 258,515 | |
| Flowserve Corp. | | | | 2,041 | | | | 142,482 | |
| Illinois Tool Works, Inc. | | | | 13,573 | | | | 506,816 | |
| Ingersoll-Rand Co., Ltd., Class A (Bermuda) | *† | | | 1,077 | | | | 22,509 | |
| Manitowoc Co., Inc. (The) | † | | | 3,906 | | | | 20,546 | |
| PACCAR, Inc. | † | | | 12,833 | | | | 417,201 | |
| Pall Corp. | | | | 3,958 | | | | 105,125 | |
| Parker Hannifin Corp. | | | | 5,726 | | | | 245,989 | |
| | | | | | | | | 4,006,798 | |
Media—2.5% | | | | | | | |
| CBS Corp., Class B | | | | 24,354 | | | | 168,530 | |
| Comcast Corp., Class A | | | | 101,093 | | | | 1,464,837 | |
| DIRECTV Group, Inc. (The) | *† | | | 18,713 | | | | 462,398 | |
| Gannett Co., Inc. | † | | | 7,093 | | | | 25,322 | |
| Interpublic Group of Cos., Inc. | *† | | | 16,092 | | | | 81,265 | |
| McGraw-Hill Cos., Inc. (The) | | | | 11,007 | | | | 331,421 | |
| Meredith Corp. | | | | 1,189 | | | | 30,379 | |
| New York Times Co. (The), Class A | † | | | 4,417 | | | | 24,338 | |
| News Corp., Class A | † | | | 80,918 | | | | 737,163 | |
| Omnicom Group, Inc. | † | | | 10,861 | | | | 342,990 | |
| Scripps Networks Interactive, Inc., Class A | | | | 3,006 | | | | 83,657 | |
| Time Warner Cable, Inc. | | | | 12,479 | | | | 395,210 | |
| Time Warner, Inc. | | | | 42,017 | | | | 1,058,408 | |
| Viacom, Inc., Class B | * | | | 21,413 | | | | 486,075 | |
| Walt Disney Co. (The) | † | | | 65,123 | | | | 1,519,320 | |
| Washington Post Co. (The), Class B | | | | 218 | | | | 76,775 | |
| | | | | | | | | 7,288,088 | |
Metals & Mining—0.9% | | | | | | | |
| AK Steel Holding Corp. | | | | 3,429 | | | | 65,803 | |
| Alcoa, Inc. | † | | | 33,640 | | | | 347,501 | |
| Allegheny Technologies, Inc. | † | | | 3,169 | | | | 110,693 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 14,480 | | | | 725,593 | |
| Newmont Mining Corp. | | | | 17,221 | | | | 703,822 | |
| Nucor Corp. | † | | | 10,860 | | | | 482,510 | |
| Titanium Metals Corp. | | | | 2,725 | | | | 25,043 | |
| United States Steel Corp. | † | | | 5,007 | | | | 178,950 | |
| | | | | | | | | 2,639,915 | |
Multiline Retail—0.8% | | �� | | | | | |
| Big Lots, Inc. | * | | | 3,160 | | | | 66,455 | |
| Family Dollar Stores, Inc. | | | | 4,909 | | | | 138,925 | |
| J.C. Penney Co., Inc. | | | | 7,892 | | | | 226,579 | |
| Kohl’s Corp. | * | | | 10,534 | | | | 450,329 | |
| Macy’s, Inc. | | | | 15,119 | | | | 177,799 | |
| Nordstrom, Inc. | † | | | 5,903 | | | | 117,411 | |
See accompanying notes to financial statements.
197
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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| Sears Holdings Corp. | *† | | | 1,772 | | | $ | 117,873 | |
| Target Corp. | | | | 26,453 | | | | 1,044,100 | |
| | | | | | | | | 2,339,471 | |
Multi-Utilities—1.4% | | | | | | | |
| Ameren Corp. | | | | 7,543 | | | | 187,745 | |
| Centerpoint Energy, Inc. | † | | | 11,226 | | | | 124,384 | |
| CMS Energy Corp. | † | | | 7,199 | | | | 86,964 | |
| Consolidated Edison, Inc. | | | | 9,712 | | | | 363,423 | |
| Dominion Resources, Inc. | | | | 20,584 | | | | 687,917 | |
| DTE Energy Co. | | | | 5,866 | | | | 187,712 | |
| Integrys Energy Group, Inc. | | | | 2,588 | | | | 77,614 | |
| NiSource, Inc. | | | | 9,819 | | | | 114,490 | |
| PG&E Corp. | | | | 12,642 | | | | 485,959 | |
| Public Service Enterprise Group, Inc. | | | | 17,478 | | | | 570,307 | |
| SCANA Corp. | | | | 4,401 | | | | 142,900 | |
| Sempra Energy | | | | 8,428 | | | | 418,282 | |
| TECO Energy, Inc. | | | | 7,055 | | | | 84,166 | |
| Wisconsin Energy Corp. | | | | 4,032 | | | | 164,143 | |
| Xcel Energy, Inc. | | | | 15,865 | | | | 292,075 | |
| | | | | | | | | 3,988,081 | |
Office Electronics—0.1% | | | | | | | |
| Xerox Corp. | | | | 30,881 | | | | 200,109 | |
Oil, Gas & Consumable Fuels—10.2% | | | |
| Anadarko Petroleum Corp. | | | | 17,231 | | | | 782,115 | |
| Apache Corp. | | | | 11,766 | | | | 848,917 | |
| Cabot Oil & Gas Corp. | | | | 3,632 | | | | 111,284 | |
| Chesapeake Energy Corp. | | | | 19,860 | | | | 393,824 | |
| Chevron Corp. | | | | 70,180 | | | | 4,649,425 | |
| ConocoPhillips | | | | 51,881 | | | | 2,182,115 | |
| Consol Energy, Inc. | | | | 6,431 | | | | 218,397 | |
| Denbury Resources, Inc. | * | | | 8,279 | | | | 121,950 | |
| Devon Energy Corp. | | | | 15,596 | | | | 849,982 | |
| El Paso Corp. | | | | 24,079 | | | | 222,249 | |
| EOG Resources, Inc. | | | | 8,628 | | | | 586,014 | |
| Exxon Mobil Corp. | | | | 170,656 | | | | 11,930,561 | |
| Hess Corp. | | | | 9,798 | | | | 526,642 | |
| Marathon Oil Corp. | | | | 24,897 | | | | 750,147 | |
| Massey Energy Co. | | | | 3,180 | | | | 62,137 | |
| Murphy Oil Corp. | | | | 6,645 | | | | 360,956 | |
| Noble Energy, Inc. | | | | 6,012 | | | | 354,528 | |
| Occidental Petroleum Corp. | | | | 28,411 | | | | 1,869,728 | |
| Peabody Energy Corp. | † | | | 9,363 | | | | 282,388 | |
| Pioneer Natural Resources Co. | | | | 3,701 | | | | 94,375 | |
| Range Resources Corp. | † | | | 5,480 | | | | 226,927 | |
| Southwestern Energy Co. | * | | | 11,901 | | | | 462,354 | |
| Spectra Energy Corp. | | | | 22,782 | | | | 385,471 | |
| Sunoco, Inc. | † | | | 3,836 | | | | 88,995 | |
| Tesoro Corp. | † | | | 4,285 | | | | 54,548 | |
| Valero Energy Corp. | | | | 19,077 | | | | 322,211 | |
| Williams Cos., Inc. (The) | | | | 20,306 | | | | 316,977 | |
| XTO Energy, Inc. | | | | 20,387 | | | | 777,560 | |
| | | | | | | | | 29,832,777 | |
Paper & Forest Products—0.2% | | | |
| International Paper Co. | | | | 14,404 | | | | 217,933 | |
| MeadWestvaco Corp. | | | | 5,462 | | | | 89,631 | |
| Weyerhaeuser Co. | | | | 7,530 | | | | 229,138 | |
| | | | | | | | | 536,702 | |
Personal Products—0.2% | | | | | | | |
| Avon Products, Inc. | | | | 14,852 | | | $ | 382,884 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 4,276 | | | | 139,697 | |
| | | | | | | | | 522,581 | |
Pharmaceuticals—7.1% | | | | | | | |
| Abbott Laboratories | | | | 54,162 | | | | 2,547,780 | |
| Allergan, Inc. | | | | 10,625 | | | | 505,538 | |
| Bristol-Myers Squibb Co. | | | | 69,482 | | | | 1,411,179 | |
| Eli Lilly & Co. | | | | 35,509 | | | | 1,230,032 | |
| Forest Laboratories, Inc. | * | | | 10,210 | | | | 256,373 | |
| Johnson & Johnson | | | | 96,284 | | | | 5,468,931 | |
| King Pharmaceuticals, Inc. | *† | | | 7,638 | | | | 73,554 | |
| Merck & Co., Inc. | | | | 73,908 | | | | 2,066,468 | |
| Mylan, Inc. | *† | | | 10,813 | | | | 141,110 | |
| Pfizer, Inc. | | | | 236,260 | | | | 3,543,900 | |
| Schering-Plough Corp. | | | | 57,091 | | | | 1,434,126 | |
| Watson Pharmaceuticals, Inc. | * | | | 3,496 | | | | 117,780 | |
| Wyeth | | | | 46,678 | | | | 2,118,714 | |
| | | | | | | | | 20,915,485 | |
Professional Services—0.2% | | | | | | | |
| Dun & Bradstreet Corp. | | | | 1,926 | | | | 156,410 | |
| Equifax, Inc. | | | | 4,486 | | | | 117,084 | |
| Monster Worldwide, Inc. | *† | | | 4,065 | | | | 48,008 | |
| Robert Half International, Inc. | † | | | 5,293 | | | | 125,021 | |
| | | | | | | | | 446,523 | |
Real Estate Investment Trusts (REITs)—0.9% |
| Apartment Investment & Management Co., Class A REIT | † | | | 3,454 | | | | 30,568 | |
| AvalonBay Communities, Inc. REIT | | | | 2,891 | | | | 161,723 | |
| Boston Properties, Inc. REIT | † | | | 4,672 | | | | 222,854 | |
| Equity Residential REIT | | | | 9,224 | | | | 205,050 | |
| HCP, Inc. REIT | | | | 9,728 | | | | 206,136 | |
| Health Care REIT, Inc. REIT | † | | | 4,035 | | | | 137,593 | |
| Host Hotels & Resorts, Inc. REIT | † | | | 21,237 | | | | 178,178 | |
| Kimco Realty Corp. REIT | | | | 11,558 | | | | 116,158 | |
| Plum Creek Timber Co., Inc. REIT | † | | | 5,574 | | | | 165,994 | |
| ProLogis REIT | | | | 15,475 | | | | 124,728 | |
| Public Storage REIT | | | | 4,383 | | | | 286,999 | |
| Simon Property Group, Inc. REIT | † | | | 9,764 | | | | 502,163 | |
| Ventas, Inc. REIT | † | | | 5,666 | | | | 169,187 | |
| Vornado Realty Trust REIT | † | | | 5,500 | | | | 247,648 | |
| | | | | | | | | 2,754,979 | |
Real Estate Management & Development—0.0% |
| CB Richard Ellis Group, Inc., Class A | * | | | 9,194 | | | | 86,056 | |
Road & Rail—0.9% | | | | | | | |
| Burlington Northern Santa Fe Corp. | | | | 9,605 | | | | 706,352 | |
| CSX Corp. | | | | 13,822 | | | | 478,656 | |
| Norfolk Southern Corp. | | | | 12,672 | | | | 477,354 | |
| Ryder System, Inc. | † | | | 1,762 | | | | 49,195 | |
| Union Pacific Corp. | | | | 17,692 | | | | 921,045 | |
| | | | | | | | | 2,632,602 | |
See accompanying notes to financial statements.
198
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
Semiconductors & Semiconductor Equipment—2.4% |
| Advanced Micro Devices, Inc. | *† | | | 20,413 | | | $ | 78,998 | |
| Altera Corp. | † | | | 9,869 | | | | 160,667 | |
| Analog Devices, Inc. | | | | 10,244 | | | | 253,846 | |
| Applied Materials, Inc. | | | | 45,941 | | | | 503,973 | |
| Broadcom Corp., Class A | *† | | | 15,052 | | | | 373,139 | |
| Intel Corp. | | | | 194,838 | | | | 3,224,569 | |
| KLA-Tencor Corp. | | | | 5,560 | | | | 140,390 | |
| Linear Technology Corp. | † | | | 7,967 | | | | 186,029 | |
| LSI Corp. | * | | | 24,378 | | | | 111,164 | |
| MEMC Electronic Materials, Inc. | * | | | 7,971 | | | | 141,964 | |
| Microchip Technology, Inc. | † | | | 6,378 | | | | 143,824 | |
| Micron Technology, Inc. | * | | | 27,915 | | | | 141,250 | |
| National Semiconductor Corp. | † | | | 6,093 | | | | 76,467 | |
| Novellus Systems, Inc. | * | | | 3,117 | | | | 52,054 | |
| Nvidia Corp. | * | | | 19,209 | | | | 216,870 | |
| Teradyne, Inc. | *† | | | 6,358 | | | | 43,616 | |
| Texas Instruments, Inc. | | | | 44,885 | | | | 956,050 | |
| Xilinx, Inc. | † | | | 9,474 | | | | 193,838 | |
| | | | | | | | | 6,998,708 | |
Software—4.1% | | | | | | | |
| Adobe Systems, Inc. | * | | | 18,491 | | | | 523,295 | |
| Autodesk, Inc. | * | | | 7,988 | | | | 151,612 | |
| BMC Software, Inc. | * | | | 6,416 | | | | 216,797 | |
| CA, Inc. | | | | 13,792 | | | | 240,395 | |
| Citrix Systems, Inc. | * | | | 6,304 | | | | 201,034 | |
| Compuware Corp. | * | | | 9,006 | | | | 61,781 | |
| Electronic Arts, Inc. | * | | | 11,022 | | | | 239,398 | |
| Intuit, Inc. | * | | | 11,193 | | | | 315,195 | |
| McAfee, Inc. | * | | | 5,457 | | | | 230,231 | |
| Microsoft Corp. | | | | 267,639 | | | | 6,361,779 | |
| Novell, Inc. | * | | | 11,821 | | | | 53,549 | |
| Oracle Corp. | | | | 132,402 | | | | 2,836,051 | |
| Salesforce.com, Inc. | *† | | | 3,782 | | | | 144,359 | |
| Symantec Corp. | * | | | 29,024 | | | | 451,613 | |
| | | | | | | | | 12,027,089 | |
Specialty Retail—1.8% | | | | | | | |
| Abercrombie & Fitch Co., Class A | † | | | 2,804 | | | | 71,193 | |
| AutoNation, Inc. | *† | | | 4,218 | | | | 73,182 | |
| AutoZone, Inc. | * | | | 1,260 | | | | 190,399 | |
| Bed Bath & Beyond, Inc. | * | | | 9,108 | | | | 280,071 | |
| Best Buy Co., Inc. | | | | 11,723 | | | | 392,603 | |
| GameStop Corp., Class A | * | | | 5,362 | | | | 118,018 | |
| Gap, Inc. (The) | † | | | 16,322 | | | | 267,681 | |
| Home Depot, Inc. | | | | 59,504 | | | | 1,406,079 | |
| Limited Brands, Inc. | | | | 8,888 | | | | 106,389 | |
| Lowe’s Cos., Inc. | | | | 51,510 | | | | 999,809 | |
| Office Depot, Inc. | * | | | 8,714 | | | | 39,736 | |
| O’Reilly Automotive, Inc. | *† | | | 4,495 | | | | 171,170 | |
| RadioShack Corp. | | | | 3,908 | | | | 54,556 | |
| Sherwin-Williams Co. (The) | | | | 3,352 | | | | 180,170 | |
| Staples, Inc. | | | | 24,665 | | | | 497,493 | |
| Tiffany & Co. | † | | | 4,567 | | | | 115,819 | |
| TJX Cos., Inc. | | | | 14,417 | | | | 453,559 | |
| | | | | | | | | 5,417,927 | |
| | | | | | | | | | | | |
Textiles, Apparel & Luxury Goods—0.4% | | | |
| Coach, Inc. | | | | 11,411 | | | | 306,728 | |
| NIKE, Inc., Class B | | | | 13,632 | | | | 705,865 | |
| Polo Ralph Lauren Corp. | | | | 1,954 | | | $ | 104,617 | |
| V.F. Corp. | | | | 2,981 | | | | 164,998 | |
| | | | | | | | | 1,282,208 | |
Thrifts & Mortgage Finance—0.1% |
| Hudson City Bancorp, Inc. | | | | 18,341 | | | | 243,752 | |
| People’s United Financial, Inc. | | | | 11,858 | | | | 178,344 | |
| | | | | | | | | 422,096 | |
Tobacco—1.6% |
| Altria Group, Inc. | | | | 72,560 | | | | 1,189,258 | |
| Lorillard, Inc. | † | | | 5,842 | | | | 395,912 | |
| Philip Morris International, Inc. | | | | 68,604 | | | | 2,992,507 | |
| Reynolds American, Inc. | | | | 5,885 | | | | 227,279 | |
| | | | | | | | | 4,804,956 | |
Trading Companies & Distributors—0.1% |
| Fastenal Co. | † | | | 4,379 | | | | 145,252 | |
| W.W. Grainger, Inc. | | | | 2,215 | | | | 181,364 | |
| | | | | | | | | 326,616 | |
Wireless Telecommunication Services—0.3% |
| American Tower Corp., Class A | * | | | 13,733 | | | | 433,002 | |
| MetroPCS Communications, Inc. | * | | | 8,843 | | | | 117,700 | |
| Sprint Nextel Corp. | *† | | | 99,090 | | | | 476,623 | |
| | | | | | | | | 1,027,325 | |
TOTAL COMMON STOCKS | | | | | | | |
| (Cost $246,595,808) | | | | | | | | 281,165,811 | |
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U.S. TREASURY OBLIGATIONS—0.4% |
U.S. Treasury Bills—0.4% |
| U.S. Treasury Bill |
| 0.160% | 09/10/2009 | | ‡‡ | | | | | | | | |
| (Cost $1,249,606) | $ | 1,250,000 | | | | 1,249,617 | |
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| Value
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CASH EQUIVALENTS—9.9% |
Institutional Money Market Funds—9.9% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 10,812,108 | | | | 10,812,108 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 3,158,959 | | | | 3,158,959 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 5,000,000 | | | | 5,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 5,000,000 | | | | 5,000,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 5,000,000 | | | | 5,000,000 | |
TOTAL CASH EQUIVALENTS | | | | | | | |
| (Cost $28,971,067) | | | | | | | | 28,971,067 | |
See accompanying notes to financial statements.
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TOTAL INVESTMENTS—106.1% | | | |
| (Cost $276,816,481) | | | | | | | $ | 311,386,495 | |
| Other assets less liabilities—(6.1%) | | | | | | (18,020,977 | ) | |
NET ASSETS—100.0% | | | | | | | $ | 293,365,518 | |
| Notes to the Schedule of Investments: | |
|---|
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of security on loan. |
| * | | | | Non-income producing. |
| ‡‡ | | | | Security has been pledged as collateral for futures contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS
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COMMON STOCKS—97.1% |
Aerospace & Defense—2.3% |
| AAR Corp. | *† | | | 1,489 | | | $ | 23,898 | |
| Alliant Techsystems, Inc. | * | | | 1,550 | | | | 127,658 | |
| American Science & Engineering, Inc. | | | | 435 | | | | 30,067 | |
| Applied Signal Technology, Inc. | | | | 1,237 | | | | 31,556 | |
| Axsys Technologies, Inc. | * | | | 883 | | | | 47,364 | |
| BE Aerospace, Inc. | * | | | 2,393 | | | | 34,364 | |
| Boeing Co. (The) | | | | 26,137 | | | | 1,110,823 | |
| Ceradyne, Inc. | *† | | | 1,867 | | | | 32,971 | |
| Cubic Corp. | | | | 1,692 | | | | 60,557 | |
| Curtiss-Wright Corp. | † | | | 2,112 | | | | 62,790 | |
| Esterline Technologies Corp. | * | | | 1,049 | | | | 28,396 | |
| GenCorp, Inc. | *† | | | 1,629 | | | | 3,111 | |
| General Dynamics Corp. | | | | 13,610 | | | | 753,858 | |
| Goodrich Corp. | | | | 4,882 | | | | 243,954 | |
| HEICO Corp., Class A | | | | 878 | | | | 25,690 | |
| Hexcel Corp. | * | | | 4,757 | | | | 45,334 | |
| Honeywell International, Inc. | | | | 27,016 | | | | 848,302 | |
| ITT Corp. | | | | 6,885 | | | | 306,383 | |
| Kratos Defense & Security Solutions, Inc. | * | | | 2,398 | | | | 2,134 | |
| L-3 Communications Holdings, Inc. | | | | 5,024 | | | | 348,565 | |
| Ladish Co., Inc. | *† | | | 900 | | | | 11,673 | |
| Lockheed Martin Corp. | | | | 12,021 | | | | 969,494 | |
| Moog, Inc., Class A | * | | | 1,446 | | | | 37,321 | |
| Northrop Grumman Corp. | | | | 12,233 | | | | 558,803 | |
| Orbital Sciences Corp. | *† | | | 2,123 | | | | 32,206 | |
| Precision Castparts Corp. | | | | 5,136 | | | | 375,082 | |
| Raytheon Co. | | | | 15,961 | | | | 709,147 | |
| Rockwell Collins, Inc. | | | | 6,041 | | | | 252,091 | |
| Spirit Aerosystems Holdings, Inc., Class A | * | | | 2,103 | | | | 28,895 | |
| Stanley, Inc. | *† | | | 911 | | | | 29,954 | |
| Taser International, Inc. | * | | | 2,292 | | | | 10,452 | |
| Teledyne Technologies, Inc. | *† | | | 1,228 | | | | 40,217 | |
| Triumph Group, Inc. | | | | 822 | | | | 32,880 | |
| United Technologies Corp. | | | | 35,225 | | | | 1,830,291 | |
| | | | | | | | | | | | | | 9,086,281 | |
Air Freight & Logistics—0.7% |
| Air T, Inc. | | | | 1,352 | | | | 11,100 | |
| Atlas Air Worldwide Holdings, Inc. | * | | | 600 | | | | 13,914 | |
| C.H. Robinson Worldwide, Inc. | | | | 7,150 | | | | 372,873 | |
| Expeditors International of Washington, Inc. | | | | 8,772 | | | | 292,458 | |
| FedEx Corp. | | | | 11,491 | | | | 639,129 | |
| Forward Air Corp. | † | | | 1,431 | | | | 30,509 | |
| HUB Group, Inc., Class A | * | | | 2,400 | | | | 49,536 | |
| Pacer International, Inc. | † | | | 1,664 | | | | 3,711 | |
| United Parcel Service, Inc., Class B | | | | 26,943 | | | | 1,346,881 | |
UTi Worldwide, Inc.
(Virgin Islands, British) | * | | | 2,208 | | | | 25,171 | |
| | | | | | | | | | | | | | 2,785,282 | |
Airlines—0.1% |
| Airtran Holdings, Inc. | *† | | | 3,168 | | | | 19,610 | |
| Alaska Air Group, Inc. | *† | | | 1,343 | | | | 24,523 | |
| AMR Corp. | *† | | | 6,672 | | | | 26,821 | |
| Continental Airlines, Inc., Class B | *† | | | 2,723 | | | | 24,126 | |
| Delta Air Lines, Inc. | *† | | | 25,505 | | | | 147,674 | |
| ExpressJet Holdings, Inc. | * | | | 263 | | | $ | 363 | |
| JetBlue Airways Corp. | *† | | | 6,414 | | | | 27,388 | |
| Mesa Air Group, Inc. | * | | | 847 | | | | 84 | |
| Skywest, Inc. | | | | 2,390 | | | | 24,378 | |
| Southwest Airlines Co. | | | | 30,863 | | | | 207,708 | |
| UAL Corp. | *† | | | 3,500 | | | | 11,165 | |
| US Airways Group, Inc. | *† | | | 8,660 | | | | 21,044 | |
| | | | | | | | | | | | | | 534,884 | |
Auto Components—0.2% |
| American Axle & Manufacturing Holdings, Inc. | | | | 2,113 | | | | 7,269 | |
| Amerigon, Inc. | * | | | 2,107 | | | | 12,853 | |
| ArvinMeritor, Inc. | † | | | 2,791 | | | | 12,253 | |
| BorgWarner, Inc. | † | | | 4,548 | | | | 155,314 | |
| Cooper Tire & Rubber Co. | † | | | 3,066 | | | | 30,415 | |
| Dana Holding Corp. | * | | | 2,450 | | | | 3,136 | |
| Fuel Systems Solutions, Inc. | *† | | | 769 | | | | 15,526 | |
| Gentex Corp. | | | | 6,594 | | | | 76,490 | |
| Goodyear Tire & Rubber Co. (The) | * | | | 7,281 | | | | 81,984 | |
| Johnson Controls, Inc. | † | | | 22,551 | | | | 489,808 | |
| Lear Corp. | *† | | | 2,741 | | | | 1,371 | |
| Modine Manufacturing Co. | | | | 1,208 | | | | 5,798 | |
| Proliance International, Inc. | *‡ | | | 2,239 | | | | 224 | |
| Quantum Fuel Systems Technologies Worldwide, Inc. | *† | | | 2,809 | | | | 2,166 | |
| Shiloh Industries, Inc. | * | | | 1,441 | | | | 5,317 | |
| Strattec Security Corp. | | | | 123 | | | | 1,697 | |
| Superior Industries International, Inc. | | | | 1,102 | | | | 15,538 | |
| Tenneco, Inc. | * | | | 1,600 | | | | 16,960 | |
| TRW Automotive Holdings Corp. | * | | | 900 | | | | 10,170 | |
| WABCO Holdings, Inc. | | | | 2,354 | | | | 41,666 | |
| | | | | | | | | | | | | | 985,955 | |
Automobiles—0.2% |
| Ford Motor Co. | * | | | 122,116 | | | | 741,244 | |
| Harley-Davidson, Inc. | | | | 9,017 | | | | 146,165 | |
| Thor Industries, Inc. | | | | 1,221 | | | | 22,430 | |
| Winnebago Industries, Inc. | | | | 1,432 | | | | 10,640 | |
| | | | | | | | | | | | | | 920,479 | |
Beverages—2.2% |
| Brown-Forman Corp., Class B | | | | 3,046 | | | | 130,917 | |
| Central European Distribution Corp. | * | | | 652 | | | | 17,324 | |
| Coca-Cola Bottling Co. Consolidated | | | | 437 | | | | 24,092 | |
| Coca-Cola Co. (The) | | | | 83,577 | | | | 4,010,860 | |
| Coca-Cola Enterprises, Inc. | | | | 10,775 | | | | 179,404 | |
| Constellation Brands, Inc., Class A | *† | | | 8,096 | | | | 102,657 | |
| Dr. Pepper Snapple Group, Inc. | * | | | 9,896 | | | | 209,696 | |
| Hansen Natural Corp. | * | | | 2,680 | | | | 82,598 | |
| Molson Coors Brewing Co., Class B | | | | 5,822 | | | | 246,445 | |
| Pepsi Bottling Group, Inc. | | | | 5,177 | | | | 175,190 | |
| PepsiAmericas, Inc. | | | | 3,031 | | | | 81,261 | |
| PepsiCo, Inc. | | | | 61,725 | | | | 3,392,406 | |
| | | | | | | | | | | | | | 8,652,850 | |
Biotechnology—2.0% |
| Aastrom Biosciences, Inc. | *† | | | 3,289 | | | | 1,390 | |
| Abraxis Bioscience, Inc. | * | | | 439 | | | | 16,181 | |
| Acorda Therapeutics, Inc. | * | | | 539 | | | | 15,194 | |
| Alexion Pharmaceuticals, Inc. | *† | | | 2,216 | | | | 91,122 | |
See accompanying notes to financial statements.
201
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
| Alkermes, Inc. | *† | | | 3,579 | | | $ | 38,725 | |
| Allos Therapeutics, Inc. | * | | | 3,978 | | | | 32,978 | |
| Alnylam Pharmaceuticals, Inc. | *† | | | 2,390 | | | | 53,225 | |
| Altus Pharmaceuticals, Inc. | * | | | 1,600 | | | | 656 | |
| Amgen, Inc. | * | | | 40,141 | | | | 2,125,064 | |
| Amylin Pharmaceuticals, Inc. | *† | | | 3,885 | | | | 52,447 | |
| Anadys Pharmaceuticals, Inc. | * | | | 3,242 | | | | 6,030 | |
| Antigenics, Inc. | *† | | | 1,707 | | | | 3,585 | |
| ARCA Biopharma, Inc. | * | | | 57 | | | | 182 | |
| Arena Pharmaceuticals, Inc. | * | | | 1,439 | | | | 7,181 | |
| Ariad Pharmaceuticals, Inc. | * | | | 1,662 | | | | 2,643 | |
| Arqule, Inc. | *† | | | 864 | | | | 5,305 | |
| Array Biopharma, Inc. | * | | | 4,333 | | | | 13,606 | |
| AVI BioPharma, Inc. | *† | | | 2,400 | | | | 3,792 | |
| Avigen, Inc. | * | | | 1,009 | | | | 1,332 | |
| Biogen Idec, Inc. | * | | | 11,764 | | | | 531,145 | |
| BioMarin Pharmaceutical, Inc. | *† | | | 3,444 | | | | 53,761 | |
| Celera Corp. | * | | | 3,028 | | | | 23,104 | |
| Celgene Corp. | * | | | 17,918 | | | | 857,197 | |
| Cell Genesys, Inc. | *† | | | 1,642 | | | | 479 | |
| Cell Therapeutics, Inc. | *† | | | 34 | | | | 58 | |
| Celldex Therapeutics, Inc. | *† | | | 429 | | | | 3,355 | |
| Cephalon, Inc. | *† | | | 2,347 | | | | 132,958 | |
| Cepheid, Inc. | * | | | 4,930 | | | | 46,441 | |
| Cougar Biotechnology, Inc. | * | | | 1,132 | | | | 48,631 | |
| Cubist Pharmaceuticals, Inc. | * | | | 1,762 | | | | 32,297 | |
| CytRx Corp. | *† | | | 4,200 | | | | 4,578 | |
| Dendreon Corp. | *† | | | 3,874 | | | | 96,269 | |
| Emergent Biosolutions, Inc. | *† | | | 1,319 | | | | 18,901 | |
| Entremed, Inc. | * | | | 1,390 | | | | 695 | |
| Enzon Pharmaceuticals, Inc. | *† | | | 1,765 | | | | 13,891 | |
| EPIX Pharmaceuticals, Inc. | * | | | 640 | | | | 86 | |
| Exact Sciences Corp. | *† | | | 1,250 | | | | 3,312 | |
| Facet Biotech Corp. | * | | | 768 | | | | 7,135 | |
| Genaera Corp. | * | | | 797 | | | | 56 | |
| Genomic Health, Inc. | * | | | 1,284 | | | | 22,252 | |
| Genzyme Corp. | * | | | 10,181 | | | | 566,776 | |
| Geron Corp. | *† | | | 4,719 | | | | 36,195 | |
| Gilead Sciences, Inc. | * | | | 36,208 | | | | 1,695,983 | |
| GTC Biotherapeutics, Inc. | * | | | 398 | | | | 1,059 | |
| GTx, Inc. | * | | | 200 | | | | 1,846 | |
| Halozyme Therapeutics, Inc. | * | | | 6,362 | | | | 44,343 | |
| Hemispherx Biopharma, Inc. | *† | | | 920 | | | | 2,337 | |
| Human Genome Sciences, Inc. | *† | | | 5,277 | | | | 15,092 | |
| Immunogen, Inc. | *† | | | 1,323 | | | | 11,391 | |
| Immunomedics, Inc. | * | | | 2,141 | | | | 5,438 | |
| Incyte Corp. Ltd. | *† | | | 3,102 | | | | 10,206 | |
| InterMune, Inc. | *† | | | 1,586 | | | | 24,107 | |
| Isis Pharmaceuticals, Inc. | *† | | | 2,216 | | | | 36,564 | |
| Keryx Biopharmaceuticals, Inc. | *† | | | 5,221 | | | | 4,710 | |
| Lexicon Pharmaceuticals, Inc. | *† | | | 2,343 | | | | 2,905 | |
| Ligand Pharmaceuticals, Inc., Class B | * | | | 4,898 | | | | 14,008 | |
| MannKind Corp. | *† | | | 4,492 | | | | 37,328 | |
| Martek Biosciences Corp. | *† | | | 1,148 | | | | 24,280 | |
| Maxygen, Inc. | *† | | | 1,231 | | | | 8,272 | |
| Medarex, Inc. | * | | | 8,410 | | | | 70,223 | |
| Medivation, Inc. | *† | | | 1,731 | | | | 38,792 | |
| Momenta Pharmaceuticals, Inc. | * | | | 2,618 | | | | 31,495 | |
| Monogram Biosciences, Inc. | * | | | 402 | | | | 1,821 | |
| Myriad Genetics, Inc. | * | | | 4,124 | | | | 147,021 | |
| Myriad Pharmaceuticals, Inc. | * | | | 1,031 | | | | 4,794 | |
| Nabi Biopharmaceuticals | * | | | 1,995 | | | | 4,828 | |
| Neurobiological Technologies, Inc. | * | | | 448 | | | | 302 | |
| Neurocrine Biosciences, Inc. | *† | | | 1,479 | | | | 4,777 | |
| Novavax, Inc. | *† | | | 1,550 | | | $ | 5,084 | |
| NPS Pharmaceuticals, Inc. | * | | | 1,660 | | | | 7,736 | |
| Onyx Pharmaceuticals, Inc. | * | | | 1,214 | | | | 34,308 | |
| Orthologic Corp. | * | | | 1,516 | | | | 1,076 | |
| OSI Pharmaceuticals, Inc. | * | | | 2,729 | | | | 77,040 | |
| Osiris Therapeutics, Inc. | *† | | | 1,402 | | | | 18,829 | |
| PDL BioPharma, Inc. | | | | 3,841 | | | | 30,344 | |
| Peregrine Pharmaceuticals, Inc. | * | | | 9,115 | | | | 7,657 | |
| Pharmasset, Inc. | * | | | 1,946 | | | | 21,892 | |
| Poniard Pharmaceuticals, Inc. | *† | | | 396 | | | | 2,364 | |
| Progenics Pharmaceuticals, Inc. | * | | | 793 | | | | 4,084 | |
| Regeneron Pharmaceuticals, Inc. | * | | | 2,632 | | | | 47,165 | |
| Rigel Pharmaceuticals, Inc. | * | | | 1,882 | | | | 22,810 | |
| RXi Pharmaceuticals Corp. | * | | | 209 | | | | 949 | |
| Savient Pharmaceuticals, Inc. | *† | | | 1,389 | | | | 19,252 | |
| Sciclone Pharmaceuticals, Inc. | *† | | | 1,700 | | | | 4,352 | |
| SIGA Technologies, Inc. | *† | | | 4,649 | | | | 39,238 | |
| Targeted Genetics Corp. | * | | | 626 | | | | 218 | |
| Telik, Inc. | * | | | 1,748 | | | | 1,484 | |
| Theravance, Inc. | *† | | | 3,224 | | | | 47,199 | |
| TorreyPines Therapeutics, Inc. | * | | | 347 | | | | 46 | |
| Trimeris, Inc. | † | | | 1,214 | | | | 2,452 | |
| United Therapeutics Corp. | *† | | | 914 | | | | 76,164 | |
| Vanda Pharmaceuticals, Inc. | *† | | | 2,507 | | | | 29,507 | |
| Vertex Pharmaceuticals, Inc. | * | | | 5,029 | | | | 179,234 | |
| Vion Pharmaceuticals, Inc. | *† | | | 450 | | | | 886 | |
| XOMA Ltd. | *† | | | 4,976 | | | | 4,080 | |
| Zymogenetics, Inc. | * | | | 2,343 | | | | 10,778 | |
| | | | | | | | | | | | | | 7,910,360 | |
Building Products—0.1% |
| American Woodmark Corp. | | | | 800 | | | | 19,160 | |
| Ameron International Corp. | | | | 542 | | | | 36,336 | |
| Apogee Enterprises, Inc. | † | | | 1,250 | | | | 15,375 | |
| Gibraltar Industries, Inc. | | | | 1,188 | | | | 8,162 | |
| Griffon Corp. | * | | | 1,288 | | | | 10,716 | |
| Jewett-Cameron Trading Ltd. | * | | | 1,575 | | | | 8,159 | |
| Lennox International, Inc. | † | | | 2,437 | | | | 78,252 | |
| Masco Corp. | † | | | 15,650 | | | | 149,927 | |
| NCI Building Systems, Inc. | * | | | 1,232 | | | | 3,252 | |
| Owens Corning, Inc. | * | | | 1,100 | | | | 14,058 | |
| Quanex Building Products Corp. | | | | 1,671 | | | | 18,749 | |
| Simpson Manufacturing Co., Inc. | † | | | 2,084 | | | | 45,056 | |
| Trex Co., Inc. | *† | | | 731 | | | | 9,773 | |
| U.S. Home Systems, Inc. | * | | | 1,291 | | | | 3,344 | |
| Universal Forest Products, Inc. | † | | | 1,121 | | | | 37,094 | |
| USG Corp. | *† | | | 3,348 | | | | 33,714 | |
| | | | | | | | | | | | | | 491,127 | |
Capital Markets—2.6% |
| Affiliated Managers Group, Inc. | *† | | | 1,354 | | | | 78,789 | |
| AllianceBernstein Holding LP | | | | 1,100 | | | | 22,099 | |
| Ameriprise Financial, Inc. | | | | 9,235 | | | | 224,133 | |
| Bank of New York Mellon Corp. (The) | | | | 46,076 | | | | 1,350,488 | |
| BGC Partners, Inc., Class A | | | | 7,270 | | | | 27,553 | |
| BlackRock, Inc. | | | | 765 | | | | 134,196 | |
| Blackstone Group LP (The) | | | | 3,953 | | | | 41,665 | |
| Calamos Asset Management, Inc., Class A | | | | 1,800 | | | | 25,398 | |
| Charles Schwab Corp. (The) | | | | 36,777 | | | | 645,069 | |
| Deerfield Capital Corp. | | | | 342 | | | | 1,536 | |
| Diamond Hill Investment Group, Inc. | * | | | 331 | | | | 13,300 | |
| E*Trade Financial Corp. | *† | | | 14,978 | | | | 19,172 | |
See accompanying notes to financial statements.
202
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Broad
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COMMON STOCKS—(Continued) |
| Eaton Vance Corp. | † | | | 5,282 | | | $ | 141,294 | |
| FCStone Group, Inc. | * | | | 1,722 | | | | 6,802 | |
| Federated Investors, Inc., Class B | | | | 3,745 | | | | 90,217 | |
| Franklin Resources, Inc. | | | | 6,114 | | | | 440,269 | |
| GAMCO Investors, Inc., Class A | † | | | 558 | | | | 27,063 | |
| GFI Group, Inc. | | | | 2,520 | | | | 16,985 | |
| GLG Partners, Inc. | † | | | 9,550 | | | | 39,060 | |
| Goldman Sachs Group, Inc. (The) | | | | 16,238 | | | | 2,394,131 | |
| Invesco Ltd. | | | | 16,610 | | | | 295,990 | |
| Investment Technology Group, Inc. | * | | | 2,078 | | | | 42,370 | |
| Janus Capital Group, Inc. | | | | 6,411 | | | | 73,085 | |
| Jefferies Group, Inc. | * | | | 4,678 | | | | 99,782 | |
| KBW, Inc. | *† | | | 1,604 | | | | 46,131 | |
| Kent Financial Services, Inc. | * | | | 2,200 | | | | 3,685 | |
| Knight Capital Group, Inc., Class A | * | | | 4,630 | | | | 78,942 | |
| LaBranche & Co., Inc. | * | | | 2,588 | | | | 11,128 | |
| Lazard Ltd., Class A (Bermuda) | | | | 1,519 | | | | 40,892 | |
| Legg Mason, Inc. | † | | | 5,250 | | | | 127,995 | |
| MF Global Ltd. (Bermuda) | *† | | | 2,928 | | | | 17,363 | |
| Morgan Stanley | | | | 46,752 | | | | 1,332,900 | |
| Northern Trust Corp. | | | | 8,757 | | | | 470,076 | |
| Och-Ziff Capital Management Group LLC, Class A | | | | 1,407 | | | | 12,536 | |
| optionsXpress Holdings, Inc. | | | | 1,914 | | | | 29,724 | |
| Piper Jaffray Cos. | * | | | 963 | | | | 42,054 | |
| Raymond James Financial, Inc. | † | | | 3,472 | | | | 59,753 | |
| Safeguard Scientifics, Inc. | *† | | | 4,073 | | | | 5,376 | |
| SEI Investments Co. | | | | 5,918 | | | | 106,761 | |
| Siebert Financial Corp. | * | | | 1,469 | | | | 2,512 | |
| State Street Corp. | | | | 18,999 | | | | 896,753 | |
| Stifel Financial Corp. | *† | | | 1,588 | | | | 76,367 | |
| SWS Group, Inc. | | | | 1,323 | | | | 18,482 | |
| T. Rowe Price Group, Inc. | † | | | 10,332 | | | | 430,534 | |
| TD Ameritrade Holding Corp. | * | | | 9,311 | | | | 163,315 | |
| Teton Advisors, Inc. | *‡ | | | 8 | | | | 3 | |
| TradeStation Group, Inc. | * | | | 1,690 | | | | 14,297 | |
| Virtus Investment Partners, Inc. | * | | | 210 | | | | 3,085 | |
| W.P. Carey & Co. LLC | | | | 1,592 | | | | 39,768 | |
| Waddell & Reed Financial, Inc., Class A | | | | 3,971 | | | | 104,715 | |
| Westwood Holdings Group, Inc. | † | | | 1,027 | | | | 42,939 | |
| | | | | | | | | | | | | | 10,428,532 | |
Chemicals—1.9% |
| A. Schulman, Inc. | | | | 1,444 | | | | 21,819 | |
| Air Products & Chemicals, Inc. | | | | 8,040 | | | | 519,304 | |
| Airgas, Inc. | | | | 3,075 | | | | 124,630 | |
| Albemarle Corp. | † | | | 3,712 | | | | 94,916 | |
| Arch Chemicals, Inc. | † | | | 1,211 | | | | 29,778 | |
| Ashland, Inc. | | | | 3,276 | | | | 91,892 | |
| Cabot Corp. | | | | 2,693 | | | | 33,878 | |
| Calgon Carbon Corp. | * | | | 3,184 | | | | 44,226 | |
| Celanese Corp., Class A | | | | 5,993 | | | | 142,334 | |
| CF Industries Holdings, Inc. | | | | 2,332 | | | | 172,894 | |
| Cytec Industries, Inc. | † | | | 1,644 | | | | 30,611 | |
| Dow Chemical Co. (The) | | | | 41,756 | | | | 673,942 | |
| E.I. Du Pont de Nemours & Co. | | | | 35,437 | | | | 907,896 | |
| Eastman Chemical Co. | † | | | 3,211 | | | | 121,697 | |
| Ecolab, Inc. | | | | 6,657 | | | | 259,556 | |
| Ferro Corp. | † | | | 1,818 | | | $ | 5,000 | |
| FMC Corp. | | | | 3,336 | | | | 157,793 | |
| Georgia Gulf Corp. | * | | | 1,268 | | | | 812 | |
| H.B. Fuller Co. | | | | 2,570 | | | | 48,239 | |
| Huntsman Corp. | | | | 2,600 | | | | 13,078 | |
| International Flavors & Fragrances, Inc. | † | | | 3,885 | | | | 127,117 | |
| Intrepid Potash, Inc. | *† | | | 1,172 | | | | 32,910 | |
| Koppers Holdings, Inc. | | | | 1,582 | | | | 41,717 | |
| Kronos Worldwide, Inc. | † | | | 1,131 | | | | 7,521 | |
| Landec Corp. | * | | | 986 | | | | 6,695 | |
| LSB Industries, Inc. | * | | | 1,411 | | | | 22,816 | |
| Lubrizol Corp. | | | | 1,819 | | | | 86,057 | |
| Minerals Technologies, Inc. | | | | 868 | | | | 31,265 | |
| Monsanto Co. | | | | 21,546 | | | | 1,601,730 | |
| Mosaic Co. (The) | | | | 5,540 | | | | 245,422 | |
| Nalco Holding Co. | | | | 3,074 | | | | 51,766 | |
| NewMarket Corp. | | | | 1,200 | | | | 80,796 | |
| NL Industries, Inc. | † | | | 2,111 | | | | 15,579 | |
| Olin Corp. | | | | 2,796 | | | | 33,244 | |
| OM Group, Inc. | * | | | 1,147 | | | | 33,286 | |
| Omnova Solutions, Inc. | * | | | 6,478 | | | | 21,118 | |
| Penford Corp. | † | | | 785 | | | | 4,545 | |
| PolyOne Corp. | * | | | 2,862 | | | | 7,756 | |
| PPG Industries, Inc. | | | | 5,657 | | | | 248,342 | |
| Praxair, Inc. | | | | 12,623 | | | | 897,117 | |
| Quaker Chemical Corp. | | | | 483 | | | | 6,419 | |
| RPM International, Inc. | | | | 4,832 | | | | 67,841 | |
| Scotts Miracle-Gro Co. (The), Class A | † | | | 1,662 | | | | 58,253 | |
| Sensient Technologies Corp. | | | | 2,027 | | | | 45,749 | |
| Sigma-Aldrich Corp. | | | | 4,956 | | | | 245,619 | |
| Spartech Corp. | | | | 1,451 | | | | 13,335 | |
| Stepan Co. | | | | 556 | | | | 24,553 | |
| Terra Industries, Inc. | | | | 2,513 | | | | 60,865 | |
| Valhi, Inc. | † | | | 511 | | | | 3,797 | |
| Valspar Corp. | | | | 3,724 | | | | 83,902 | |
| W.R. Grace & Co. | * | | | 4,200 | | | | 51,954 | |
| Zep, Inc. | † | | | 936 | | | | 11,279 | |
| | | | | | | | | | | | | | 7,764,660 | |
Commercial Banks—2.6% |
| 1st Source Corp. | | | | 1,180 | | | | 20,379 | |
| Alliance Bankshares Corp. | * | | | 744 | | | | 1,786 | |
| Amcore Financial, Inc. | † | | | 1,352 | | | | 1,109 | |
| Associated Banc-Corp | † | | | 5,110 | | | | 63,875 | |
| BancFirst Corp. | † | | | 642 | | | | 22,200 | |
| BancorpSouth, Inc. | † | | | 3,611 | | | | 74,134 | |
| BancTrust Financial Group, Inc. | † | | | 1,600 | | | | 4,800 | |
| Bank of Hawaii Corp. | † | | | 1,898 | | | | 68,005 | |
| BB&T Corp. | † | | | 24,493 | | | | 538,356 | |
| BOK Financial Corp. | † | | | 1,765 | | | | 66,488 | |
| Boston Private Financial Holdings, Inc. | † | | | 1,297 | | | | 5,811 | |
| Bryn Mawr Bank Corp. | | | | 1,058 | | | | 19,964 | |
| Capital Bank Corp. | | | | 1,282 | | | | 6,090 | |
| Capital City Bank Group, Inc. | | | | 1,113 | | | | 18,754 | |
| CapitalSource, Inc. | | | | 4,975 | | | | 24,278 | |
| Cardinal Financial Corp. | | | | 1,142 | | | | 8,942 | |
| Cascade Bancorp | † | | | 2,191 | | | | 3,089 | |
| Cascade Financial Corp. | | | | 1,063 | | | | 2,296 | |
| Cathay General Bancorp | † | | | 2,082 | | | | 19,800 | |
| Catskill Litigation Trust | *‡δ | | | 582 | | | | — | |
| Central Pacific Financial Corp. | † | | | 929 | | | | 3,484 | |
| Chemical Financial Corp. | | | | 1,552 | | | | 30,900 | |
| Citizens Republic Bancorp, Inc. | *† | | | 4,000 | | | | 2,840 | |
| City Bank/Washington | † | | | 1,645 | | | | 3,882 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| City Holding Co. | | | | 250 | | | $ | 7,590 | |
| City National Corp./California | † | | | 1,548 | | | | 57,013 | |
| CoBiz Financial, Inc. | † | | | 1,063 | | | | 6,814 | |
| Colonial BancGroup, Inc. (The) | † | | | 5,643 | | | | 3,499 | |
| Comerica, Inc. | | | | 5,587 | | | | 118,165 | |
| Commerce Bancshares, Inc./Missouri | † | | | 2,354 | | | | 74,928 | |
| Community Bank System, Inc. | † | | | 1,402 | | | | 20,413 | |
| Community Trust Bancorp, Inc. | † | | | 665 | | | | 17,789 | |
| Cullen/Frost Bankers, Inc. | | | | 2,502 | | | | 115,392 | |
| CVB Financial Corp. | † | | | 4,084 | | | | 24,381 | |
| East West Bancorp, Inc. | † | | | 2,200 | | | | 14,278 | |
| Eastern Virginia Bankshares, Inc. | † | | | 700 | | | | 6,048 | |
| Fidelity Southern Corp. | | | | 1,399 | | | | 4,057 | |
| Fifth Third Bancorp | | | | 18,284 | | | | 129,816 | |
| Financial Institutions, Inc. | | | | 749 | | | | 10,231 | |
| First BanCorp. (Puerto Rico) | † | | | 3,246 | | | | 12,822 | |
| First Bancorp/North Carolina | † | | | 643 | | | | 10,082 | |
| First Busey Corp. | † | | | 2,407 | | | | 17,691 | |
| First Citizens BancShares, Inc./North Carolina, Class A | | | | 254 | | | | 33,947 | |
| First Commonwealth Financial Corp. | | | | 2,619 | | | | 16,604 | |
| First Financial Bancorp | | | | 1,895 | | | | 14,250 | |
| First Financial Bankshares, Inc. | † | | | 333 | | | | 16,770 | |
| First Horizon National Corp. | *† | | | 7,969 | | | | 95,626 | |
| First Merchants Corp. | | | | 874 | | | | 7,018 | |
| First Midwest Bancorp, Inc./Illinois | † | | | 2,002 | | | | 14,635 | |
| First of Long Island Corp. (The) | † | | | 986 | | | | 22,816 | |
| FirstMerit Corp. | | | | 3,924 | | | | 66,626 | |
| FNB Corp./Pennsylvania | † | | | 3,344 | | | | 20,699 | |
| Frontier Financial Corp. | † | | | 2,254 | | | | 2,727 | |
| Fulton Financial Corp. | | | | 6,533 | | | | 34,037 | |
| Glacier Bancorp, Inc. | † | | | 1,771 | | | | 26,158 | |
| Guaranty Bancorp | *† | | | 5,300 | | | | 10,123 | |
| Hancock Holding Co. | † | | | 1,041 | | | | 33,822 | |
| Hanmi Financial Corp. | † | | | 3,600 | | | | 6,300 | |
| Harleysville National Corp. | | | | 1,599 | | | | 7,515 | |
| Heritage Financial Corp./Washington | | | | 332 | | | | 3,838 | |
| Home Bancshares, Inc./Arkansas | | | | 1,064 | | | | 20,259 | |
| Huntington Bancshares, Inc./Ohio | | | | 13,268 | | | | 55,460 | |
| IBERIABANK Corp. | | | | 966 | | | | 38,070 | |
| Independent Bank Corp./Massachusetts | † | | | 874 | | | | 17,218 | |
| Independent Bank Corp./Michigan | † | | | 2,079 | | | | 2,744 | |
| Integra Bank Corp. | | | | 848 | | | | 975 | |
| International Bancshares Corp. | † | | | 3,248 | | | | 33,487 | |
| Irwin Financial Corp. | * | | | 1,296 | | | | 933 | |
| KeyCorp | | | | 27,431 | | | | 143,738 | |
| M&T Bank Corp. | † | | | 3,305 | | | | 168,324 | |
| Marshall & Ilsley Corp. | † | | | 8,572 | | | | 41,146 | |
| MB Financial, Inc. | † | | | 931 | | | | 9,487 | |
| Merchants Bancshares, Inc. | | | | 571 | | | | 12,671 | |
| Midsouth Bancorp, Inc. | | | | 522 | | | | 8,770 | |
| MidWestOne Financial Group, Inc. | | | | 552 | | | | 4,311 | |
| National Penn Bancshares, Inc. | | | | 2,758 | | | | 12,714 | |
| NBT Bancorp, Inc. | | | | 1,000 | | | | 21,710 | |
| Northern States Financial Corp. | * | | | 772 | | | $ | 4,115 | |
| Old National Bancorp/Indiana | † | | | 3,552 | | | | 34,881 | |
| Pacific Capital Bancorp | † | | | 1,724 | | | | 3,689 | |
| Pacific Premier Bancorp, Inc. | * | | | 976 | | | | 4,763 | |
| PacWest Bancorp | | | | 894 | | | | 11,765 | |
| Park National Corp. | † | | | 728 | | | | 41,117 | |
| Peoples Bancorp, Inc./Ohio | | | | 814 | | | | 13,879 | |
| Peoples Financial Corp./Mississippi | † | | | 883 | | | | 16,777 | |
| Pinnacle Financial Partners, Inc. | *† | | | 1,818 | | | | 24,216 | |
| PNC Financial Services Group, Inc. | | | | 17,217 | | | | 668,192 | |
| Popular, Inc. (Puerto Rico) | † | | | 10,296 | | | | 22,651 | |
| PrivateBancorp, Inc. | | | | 1,200 | | | | 26,688 | |
| Prosperity Bancshares, Inc. | † | | | 2,300 | | | | 68,609 | |
| Regions Financial Corp. | | �� | | 41,501 | | | | 167,664 | |
| Republic Bancorp, Inc./Kentucky, Class A | † | | | 1,603 | | | | 36,212 | |
| Royal Bancshares of Pennsylvania, Inc., Class A | * | | | 882 | | | | 1,649 | |
| S&T Bancorp, Inc. | † | | | 955 | | | | 11,613 | |
| Sandy Spring Bancorp, Inc. | † | | | 344 | | | | 5,057 | |
| Santander BanCorp (Puerto Rico) | * | | | 1,280 | | | | 8,909 | |
| Shore Bancshares, Inc. | | | | 826 | | | | 14,818 | |
| Signature Bank/New York | * | | | 1,900 | | | | 51,528 | |
| Simmons First National Corp., Class A | | | | 911 | | | | 24,342 | |
| South Financial Group, Inc. (The) | | | | 2,799 | | | | 3,331 | |
| Sterling Bancorp/New York | † | | | 1,476 | | | | 12,325 | |
| Sterling Bancshares, Inc./Texas | | | | 2,422 | | | | 15,331 | |
| Sterling Financial Corp./Washington | † | | | 2,577 | | | | 7,499 | |
| Suffolk Bancorp | † | | | 1,100 | | | | 28,204 | |
| SunTrust Banks, Inc. | | | | 18,144 | | | | 298,469 | |
| Superior Bancorp | * | | | 223 | | | | 582 | |
| Susquehanna Bancshares, Inc. | † | | | 2,932 | | | | 14,337 | |
| SVB Financial Group | *† | | | 1,437 | | | | 39,115 | |
| Synovus Financial Corp. | | | | 10,920 | | | | 32,651 | |
| TCF Financial Corp. | † | | | 6,104 | | | | 81,610 | |
| Texas Capital Bancshares, Inc. | * | | | 2,821 | | | | 43,641 | |
| Tompkins Financial Corp. | † | | | 665 | | | | 31,887 | |
| TowneBank/Virginia | † | | | 1,406 | | | | 19,684 | |
| Trustmark Corp. | | | | 2,435 | | | | 47,044 | |
| U.S. Bancorp | | | | 67,433 | | | | 1,208,399 | |
| UCBH Holdings, Inc. | † | | | 3,652 | | | | 4,602 | |
| UMB Financial Corp. | † | | | 1,211 | | | | 46,030 | |
| Umpqua Holdings Corp. | † | | | 1,151 | | | | 8,932 | |
| United Bankshares, Inc. | † | | | 2,134 | | | | 41,698 | |
| United Community Banks, Inc./Georgia | *† | | | 2,256 | | | | 13,515 | |
| Valley National Bancorp | † | | | 5,962 | | | | 69,755 | |
W Holding Co., Inc.
(Puerto Rico) | † | | | 161 | | | | 2,286 | |
| Washington Trust Bancorp, Inc. | † | | | 500 | | | | 8,915 | |
| Webster Financial Corp. | † | | | 2,393 | | | | 19,264 | |
| Wells Fargo & Co. | | | | 176,672 | | | | 4,286,063 | |
| WesBanco, Inc. | | | | 1,699 | | | | 24,703 | |
| Westamerica Bancorporation | † | | | 1,628 | | | | 80,765 | |
| Western Alliance Bancorp | * | | | 1,400 | | | | 9,576 | |
| Whitney Holding Corp./Louisiana | | | | 2,371 | | | | 21,718 | |
| Wilmington Trust Corp. | | | | 3,204 | | | | 43,767 | |
| Wintrust Financial Corp. | | | | 1,017 | | | | 16,353 | |
| Zions Bancorporation | | | | 4,153 | | | | 48,009 | |
| | | | | | | | | �� | | | | | 10,580,993 | |
See accompanying notes to financial statements.
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Commercial Services & Supplies—0.8% |
| ABM Industries, Inc. | † | | | 2,291 | | | $ | 41,398 | |
| ACCO Brands Corp. | *† | | | 1,319 | | | | 3,720 | |
| APAC Customer Services, Inc. | *† | | | 1,972 | | | | 10,116 | |
| ATC Technology Corp. | * | | | 603 | | | | 8,743 | |
| Avery Dennison Corp. | | | | 3,924 | | | | 100,768 | |
| Bowne & Co., Inc. | | | | 1,620 | | | | 10,546 | |
| Brink’s Co. (The) | | | | 2,084 | | | | 60,499 | |
| Cenveo, Inc. | *† | | | 2,792 | | | | 11,810 | |
| Cintas Corp. | | | | 5,365 | | | | 122,537 | |
| Clean Harbors, Inc. | * | | | 1,207 | | | | 65,166 | |
| Comfort Systems USA, Inc. | | | | 2,179 | | | | 22,335 | |
| Consolidated Graphics, Inc. | *† | | | 776 | | | | 13,518 | |
| Copart, Inc. | *† | | | 3,582 | | | | 124,188 | |
| Corrections Corp. of America | * | | | 5,700 | | | | 96,843 | |
| Courier Corp. | | | | 424 | | | | 6,470 | |
| Covanta Holding Corp. | * | | | 4,185 | | | | 70,978 | |
| Deluxe Corp. | † | | | 2,098 | | | | 26,875 | |
| EnergySolutions, Inc. | | | | 4,049 | | | | 37,251 | |
| Ennis, Inc. | | | | 695 | | | | 8,660 | |
| G&K Services, Inc., Class A | | | | 1,008 | | | | 21,319 | |
| Geo Group, Inc. (The) | * | | | 2,456 | | | | 45,632 | |
| Healthcare Services Group, Inc. | † | | | 3,735 | | | | 66,782 | |
| Herman Miller, Inc. | | | | 3,155 | | | | 48,398 | |
| HNI Corp. | † | | | 2,512 | | | | 45,367 | |
| Interface, Inc., Class A | | | | 3,357 | | | | 20,813 | |
| Iron Mountain, Inc. | * | | | 7,146 | | | | 205,447 | |
| Kimball International, Inc., Class B | | | | 1,500 | | | | 9,360 | |
| Knoll, Inc. | † | | | 2,701 | | | | 20,474 | |
| M&F Worldwide Corp. | * | | | 780 | | | | 15,600 | |
| McGrath Rentcorp | | | | 916 | | | | 17,459 | |
| Mine Safety Appliances Co. | † | | | 1,444 | | | | 34,800 | |
| Mobile Mini, Inc. | *† | | | 2,000 | | | | 29,340 | |
| Nashua Corp. | * | | | 1,541 | | | | 10,325 | |
| Perma-Fix Environmental Services, Inc. | * | | | 5,502 | | | | 13,315 | |
| Pitney Bowes, Inc. | | | | 9,192 | | | | 201,581 | |
| R.R. Donnelley & Sons Co. | | | | 8,887 | | | | 103,267 | |
| Republic Services, Inc. | | | | 13,363 | | | | 326,191 | |
| Rollins, Inc. | | | | 991 | | | | 17,154 | |
| Standard Register Co. (The) | | | | 1,650 | | | | 5,379 | |
| Steelcase, Inc., Class A | † | | | 1,992 | | | | 11,593 | |
| Stericycle, Inc. | * | | | 3,138 | | | | 161,701 | |
| Sykes Enterprises, Inc. | *† | | | 1,423 | | | | 25,742 | |
| Tetra Tech, Inc. | *† | | | 2,114 | | | | 60,566 | |
| TRC Cos., Inc. | * | | | 327 | | | | 1,308 | |
| United Stationers, Inc. | * | | | 1,278 | | | | 44,577 | |
| Viad Corp. | | | | 937 | | | | 16,135 | |
| Virco Mfg. Corp. | | | | 799 | | | | 2,797 | |
| Waste Connections, Inc. | * | | | 2,362 | | | | 61,199 | |
| Waste Management, Inc. | | | | 19,617 | | | | 552,415 | |
| | | | | | | | | | | | | | 3,038,457 | |
Communications Equipment—2.5% |
| 3Com Corp. | * | | | 14,501 | | | | 68,300 | |
| ADC Telecommunications, Inc. | * | | | 4,773 | | | | 37,993 | |
| Adtran, Inc. | † | | | 3,197 | | | | 68,640 | |
| Alliance Fiber Optic Products, Inc. | * | | | 4,817 | | | | 5,202 | |
| AltiGen Communications, Inc. | * | | | 4,109 | | | | 3,020 | |
| Anaren, Inc. | * | | | 813 | | | | 14,374 | |
| Arris Group, Inc. | *† | | | 3,613 | | | | 43,934 | |
| Avocent Corp. | * | | | 2,007 | | | | 28,018 | |
| Bel Fuse, Inc., Class A | | | | 545 | | | | 7,652 | |
| Black Box Corp. | | | | 865 | | | | 28,952 | |
| Blonder Tongue Laboratories, Inc. | * | | | 2,285 | | | $ | 3,210 | |
| Blue Coat Systems, Inc. | *† | | | 1,072 | | | | 17,731 | |
| Brocade Communications Systems, Inc. | * | | | 14,008 | | | | 109,543 | |
| Ciena Corp. | *† | | | 5,950 | | | | 61,583 | |
| Cisco Systems, Inc. | * | | | 227,425 | | | | 4,239,202 | |
| CommScope, Inc. | * | | | 2,812 | | | | 73,843 | |
| Comtech Telecommunications Corp. | * | | | 1,350 | | | | 43,038 | |
| Digi International, Inc. | * | | | 1,976 | | | | 19,266 | |
| Ditech Networks, Inc. | * | | | 1,360 | | | | 1,686 | |
| EchoStar Corp., Class A | *† | | | 1,877 | | | | 29,919 | |
| Emcore Corp. | *† | | | 1,219 | | | | 1,536 | |
| EMS Technologies, Inc. | *† | | | 960 | | | | 20,064 | |
| Emulex Corp. | *† | | | 3,408 | | | | 33,330 | |
| EndWave Corp. | * | | | 911 | | | | 2,332 | |
| Extreme Networks, Inc. | * | | | 4,491 | | | | 8,982 | |
| F5 Networks, Inc. | * | | | 2,664 | | | | 92,148 | |
| Finisar Corp. | * | | | 6,855 | | | | 3,907 | |
| Harmonic, Inc. | * | | | 2,820 | | | | 16,610 | |
| Harris Corp. | | | | 6,090 | | | | 172,712 | |
| Harris Stratex Networks, Inc., Class A | * | | | 2,182 | | | | 14,139 | |
| Infinera Corp. | *† | | | 4,191 | | | | 38,264 | |
| Integrated Telecom Express, Inc. | *‡δ | | | 1,103 | | | | — | |
| InterDigital, Inc. | * | | | 2,803 | | | | 68,505 | |
| Ixia | *† | | | 2,330 | | | | 15,704 | |
| JDS Uniphase Corp. | * | | | 7,444 | | | | 42,580 | |
| Juniper Networks, Inc. | * | | | 21,310 | | | | 502,916 | |
| KVH Industries, Inc. | * | | | 375 | | | | 2,561 | |
| Motorola, Inc. | | | | 84,429 | | | | 559,764 | |
| NETGEAR, Inc. | * | | | 1,206 | | | | 17,379 | |
| Network Engines, Inc. | * | | | 1,329 | | | | 1,090 | |
| Numerex Corp., Class A | * | | | 1,800 | | | | 9,036 | |
| Oclaro, Inc. | * | | | 1,816 | | | | 1,157 | |
| Oplink Communications, Inc. | * | | | 758 | | | | 8,641 | |
| Optelecom-NKF, Inc. | * | | | 819 | | | | 2,989 | |
| Optical Cable Corp. | * | | | 240 | | | | 722 | |
| Palm, Inc. | *† | | | 4,574 | | | | 75,791 | |
| Parkervision, Inc. | *† | | | 1,052 | | | | 3,219 | |
| Performance Technologies, Inc. | * | | | 793 | | | | 2,339 | |
| Plantronics, Inc. | | | | 1,826 | | | | 34,530 | |
| Polycom, Inc. | *† | | | 4,177 | | | | 84,668 | |
| Powerwave Technologies, Inc. | * | | | 2,434 | | | | 3,919 | |
| QUALCOMM, Inc. | | | | 64,422 | | | | 2,911,874 | |
| Riverbed Technology, Inc. | *† | | | 1,849 | | | | 42,878 | |
| SCM Microsystems, Inc. | * | | | 1,494 | | | | 3,586 | |
| SeaChange International, Inc. | * | | | 958 | | | | 7,693 | |
| Sonus Networks, Inc. | * | | | 10,700 | | | | 17,227 | |
| Superior TeleCom, Inc. | *‡δ | | | 2,013 | | | | — | |
| Sycamore Networks, Inc. | *† | | | 9,917 | | | | 31,040 | |
| Tekelec | * | | | 2,569 | | | | 43,236 | |
| Tellabs, Inc. | * | | | 19,143 | | | | 109,689 | |
| Tollgrade Communications, Inc. | * | | | 601 | | | | 3,149 | |
| Utstarcom, Inc. | *† | | | 4,555 | | | | 7,425 | |
| Verso Technologies, Inc. | *‡δ | | | 1 | | | | — | |
| Viasat, Inc. | *† | | | 1,190 | | | | 30,512 | |
| Westell Technologies, Inc., Class A | * | | | 1,821 | | | | 1,053 | |
| | | | | | | | | | | | | | 9,956,002 | |
Computers & Peripherals—4.5% |
| Adaptec, Inc. | * | | | 3,850 | | | | 10,202 | |
| Apple, Inc. | * | | | 34,969 | | | | 4,980,635 | |
| Avid Technology, Inc. | * | | | 1,448 | | | | 19,418 | |
See accompanying notes to financial statements.
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| Concurrent Computer Corp. | * | | | 190 | | | $ | 1,085 | |
| Cray, Inc. | * | | | 714 | | | | 5,626 | |
| Dataram Corp. | * | | | 1,175 | | | | 1,727 | |
| Dell, Inc. | * | | | 70,097 | | | | 962,432 | |
| Diebold, Inc. | | | | 3,079 | | | | 81,162 | |
| Dot Hill Systems Corp. | * | | | 1,396 | | | | 1,121 | |
| Electronics for Imaging, Inc. | * | | | 2,638 | | | | 28,121 | |
| EMC Corp. | * | | | 81,857 | | | | 1,072,327 | |
| Hewlett-Packard Co. | | | | 95,033 | | | | 3,673,025 | |
| Hutchinson Technology, Inc. | *† | | | 1,149 | | | | 2,241 | |
| Hypercom Corp. | *† | | | 1,992 | | | | 2,988 | |
| iGO, Inc. | * | | | 674 | | | | 472 | |
| Imation Corp. | | | | 1,564 | | | | 11,902 | |
| Intermec, Inc. | *† | | | 2,374 | | | | 30,625 | |
| International Business Machines Corp. | | | | 52,040 | | | | 5,434,017 | |
| Lexmark International, Inc., Class A | * | | | 4,019 | | | | 63,701 | |
| NCR Corp. | * | | | 7,848 | | | | 92,842 | |
| NetApp, Inc. | * | | | 14,316 | | | | 282,311 | |
| Novatel Wireless, Inc. | * | | | 1,358 | | | | 12,249 | |
| Overland Storage, Inc. | * | | | 481 | | | | 226 | |
| Presstek, Inc. | *† | | | 945 | | | | 1,314 | |
| QLogic Corp. | * | | | 7,842 | | | | 99,437 | |
| Quantum Corp. | * | | | 6,681 | | | | 5,545 | |
| SanDisk Corp. | * | | | 8,969 | | | | 131,755 | |
Seagate Technology
(Cayman Islands) | | | | 20,081 | | | | 210,047 | |
| Silicon Graphics International Corp. | *† | | | 1,843 | | | | 8,367 | |
| STEC, Inc. | *† | | | 1,055 | | | | 24,465 | |
| Stratasys, Inc. | * | | | 1,782 | | | | 19,584 | |
| Sun Microsystems, Inc. | * | | | 33,887 | | | | 312,438 | |
| Synaptics, Inc. | *† | | | 1,586 | | | | 61,299 | |
| Teradata Corp. | * | | | 7,848 | | | | 183,879 | |
| TransAct Technologies, Inc. | * | | | 888 | | | | 4,422 | |
| Western Digital Corp. | * | | | 8,154 | | | | 216,081 | |
| Zoom Technologies, Inc. | * | | | 542 | | | | 705 | |
| | | | | | | | | | | | | | 18,049,793 | |
Construction & Engineering—0.4% |
| Aecom Technology Corp. | *† | | | 3,236 | | | | 103,552 | |
| Dycom Industries, Inc. | * | | | 2,076 | | | | 22,981 | |
| EMCOR Group, Inc. | * | | | 2,908 | | | | 58,509 | |
| Fluor Corp. | | | | 6,810 | | | | 349,285 | |
| Furmanite Corp. | * | | | 1,100 | | | | 4,906 | |
| Granite Construction, Inc. | † | | | 1,889 | | | | 62,866 | |
| Insituform Technologies, Inc., Class A | * | | | 1,223 | | | | 20,754 | |
| Jacobs Engineering Group, Inc. | * | | | 4,968 | | | | 209,103 | |
| KBR, Inc. | | | | 6,464 | | | | 119,196 | |
| Layne Christensen Co. | *† | | | 510 | | | | 10,429 | |
| MasTec, Inc. | * | | | 2,049 | | | | 24,014 | |
| Quanta Services, Inc. | * | | | 8,861 | | | | 204,955 | |
| Shaw Group, Inc. (The) | * | | | 2,182 | | | | 59,809 | |
| Tutor Perini Corp. | *† | | | 960 | | | | 16,666 | |
| URS Corp. | * | | | 2,934 | | | | 145,292 | |
| | | | | | | | | | | | | | 1,412,317 | |
Construction Materials—0.1% |
| Eagle Materials, Inc. | † | | | 2,083 | | | | 52,575 | |
| Headwaters, Inc. | *† | | | 2,095 | | | | 7,039 | |
| Martin Marietta Materials, Inc. | † | | | 1,737 | | | | 137,015 | |
| Texas Industries, Inc. | † | | | 1,116 | | | | 34,998 | |
| Vulcan Materials Co. | | | | 3,605 | | | | 155,375 | |
| | | | | | | | | | | | | | 387,002 | |
Consumer Finance—0.5% |
| Advance America Cash Advance Centers, Inc. | | | | 3,279 | | | $ | 14,526 | |
| Advanta Corp., Class B | † | | | 1,050 | | | | 441 | |
| American Express Co. | | | | 40,021 | | | | 930,088 | |
| AmeriCredit Corp. | *† | | | 6,437 | | | | 87,221 | |
| Capital One Financial Corp. | | | | 16,511 | | | | 361,261 | |
| Cash America International, Inc. | | | | 685 | | | | 16,022 | |
| CompuCredit Holdings Corp. | *† | | | 83 | | | | 191 | |
| Discover Financial Services | | | | 17,027 | | | | 174,867 | |
| Ezcorp, Inc., Class A | * | | | 2,031 | | | | 21,894 | |
| First Marblehead Corp. (The) | *† | | | 2,764 | | | | 5,583 | |
| Nelnet, Inc., Class A | *† | | | 481 | | | | 6,537 | |
| Rewards Network, Inc. | * | | | 1,127 | | | | 4,260 | |
| SLM Corp. | * | | | 20,100 | | | | 206,427 | |
| Student Loan Corp. (The) | | | | 207 | | | | 7,701 | |
| World Acceptance Corp. | *† | | | 639 | | | | 12,723 | |
| | | | | | | | | | | | | | 1,849,742 | |
Containers & Packaging—0.3% |
| AEP Industries, Inc. | * | | | 372 | | | | 9,817 | |
| AptarGroup, Inc. | † | | | 3,130 | | | | 105,700 | |
| Ball Corp. | | | | 4,676 | | | | 211,168 | |
| Bemis Co., Inc. | | | | 4,410 | | | | 111,132 | |
| Crown Holdings, Inc. | * | | | 6,844 | | | | 165,214 | |
| Greif, Inc., Class A | † | | | 852 | | | | 37,676 | |
| Myers Industries, Inc. | † | | | 1,716 | | | | 14,277 | |
| Owens-Illinois, Inc. | * | | | 6,064 | | | | 169,853 | |
| Packaging Corp. of America | | | | 4,339 | | | �� | 70,292 | |
| Pactiv Corp. | * | | | 6,523 | | | | 141,549 | |
| Rock-Tenn Co., Class A | | | | 1,450 | | | | 55,332 | |
| Sealed Air Corp. | | | | 7,054 | | | | 130,146 | |
| Silgan Holdings, Inc. | | | | 454 | | | | 22,260 | |
| Sonoco Products Co. | | | | 3,353 | | | | 80,304 | |
| Temple-Inland, Inc. | † | | | 4,506 | | | | 59,119 | |
| | | | | | | | | | | | | | 1,383,839 | |
Distributors—0.1% |
| Audiovox Corp., Class A | * | | | 1,218 | | | | 7,137 | |
| Genuine Parts Co. | | | | 5,750 | | | | 192,970 | |
| LKQ Corp. | * | | | 7,000 | | | | 115,150 | |
| | | | | | | | | | | | | | 315,257 | |
Diversified Consumer Services—0.4% |
| American Public Education, Inc. | *† | | | 698 | | | | 27,648 | |
| Apollo Group, Inc., Class A | * | | | 5,517 | | | | 392,369 | |
| Brink’s Home Security Holdings, Inc. | * | | | 2,084 | | | | 58,998 | |
| Career Education Corp. | * | | | 4,167 | | | | 103,717 | |
| Coinstar, Inc. | *† | | | 1,075 | | | | 28,702 | |
| Corinthian Colleges, Inc. | *† | | | 3,624 | | | | 61,354 | |
| DeVry, Inc. | † | | | 2,980 | | | | 149,119 | |
| H&R Block, Inc. | | | | 11,402 | | | | 196,456 | |
| Hillenbrand, Inc. | | | | 1,576 | | | | 26,225 | |
| ITT Educational Services, Inc. | *† | | | 1,873 | | | | 188,536 | |
| Jackson Hewitt Tax Service, Inc. | | | | 1,779 | | | | 11,137 | |
| Learning Tree International, Inc. | * | | | 766 | | | | 7,890 | |
| Matthews International Corp., Class A | | | | 1,052 | | | | 32,738 | |
| Pre-Paid Legal Services, Inc. | * | | | 779 | | | | 33,957 | |
| Princeton Review, Inc. | *† | | | 818 | | | | 4,425 | |
| Regis Corp. | | | | 1,818 | | | | 31,651 | |
| Service Corp. International | | | | 11,775 | | | | 64,527 | |
See accompanying notes to financial statements.
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| Sotheby’s | † | | | 2,623 | | | $ | 37,010 | |
| Steiner Leisure Ltd. (Bahamas) | * | | | 1,503 | | | | 45,887 | |
| Stewart Enterprises, Inc., Class A | † | | | 4,115 | | | | 19,834 | |
| Strayer Education, Inc. | † | | | 551 | | | | 120,179 | |
| Universal Technical Institute, Inc. | *† | | | 418 | | | | 6,241 | |
| Weight Watchers International, Inc. | † | | | 1,826 | | | | 47,056 | |
| | | | | | | | | | | | | | 1,695,656 | |
Diversified Financial Services—2.9% |
| Ampal-American Israel Corp., Class A (Israel) | * | | | 1,391 | | | | 3,394 | |
| Bank of America Corp. | | | | 300,460 | | | | 3,966,072 | |
| CIT Group, Inc. | † | | | 8,482 | | | | 18,236 | |
| Citigroup, Inc. | † | | | 212,050 | | | | 629,788 | |
| CME Group, Inc. | | | | 2,698 | | | | 839,375 | |
| Financial Federal Corp. | † | | | 1,513 | | | | 31,092 | |
| Interactive Brokers Group, Inc., Class A | * | | | 1,570 | | | | 24,382 | |
| IntercontinentalExchange, Inc. | * | | | 2,676 | | | | 305,706 | |
| JPMorgan Chase & Co. | | | | 146,790 | | | | 5,007,007 | |
| KKR Financial Holdings LLC | | | | 3,941 | | | | 3,665 | |
| Leucadia National Corp. | * | | | 6,084 | | | | 128,312 | |
| Medallion Financial Corp. | | | | 958 | | | | 7,329 | |
| Moody’s Corp. | | | | 9,284 | | | | 244,633 | |
| MSCI, Inc., Class A | * | | | 3,439 | | | | 84,049 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 5,431 | | | | 115,735 | |
| NYSE Euronext | | | | 8,767 | | | | 238,901 | |
| PHH Corp. | *† | | | 2,212 | | | | 40,214 | |
| Pico Holdings, Inc. | * | | | 1,150 | | | | 33,005 | |
| Portfolio Recovery Associates, Inc. | *† | | | 504 | | | | 19,520 | |
| Resource America, Inc., Class A | | | | 1,287 | | | | 6,924 | |
| | | | | | | | | | | | | | 11,747,339 | |
Diversified Telecommunication Services—2.6% |
| 8x8, Inc. | *† | | | 3,048 | | | | 1,829 | |
| Alaska Communications Systems Group, Inc. | † | | | 2,850 | | | | 20,862 | |
| AT&T, Inc. | | | | 233,709 | | | | 5,805,332 | |
| CenturyTel, Inc. | † | | | 4,084 | | | | 125,379 | |
| Cincinnati Bell, Inc. | * | | | 9,266 | | | | 26,315 | |
| Cogent Communications Group, Inc. | *† | | | 2,886 | | | | 23,521 | |
| D&E Communications, Inc. | | | | 1,712 | | | | 17,514 | |
| Embarq Corp. | | | | 5,950 | | | | 250,257 | |
| Fairpoint Communications, Inc. | | | | 4,830 | | | | 2,898 | |
| Frontier Communications Corp. | † | | | 12,478 | | | | 89,093 | |
| General Communication, Inc., Class A | *† | | | 2,516 | | | | 17,436 | |
| HickoryTech Corp. | † | | | 651 | | | | 5,000 | |
| IDT Corp., Class B | * | | | 1,600 | | | | 2,592 | |
| Iowa Telecommunications Services, Inc. | † | | | 2,702 | | | | 33,802 | |
| Level 3 Communications, Inc. | *† | | | 41,949 | | | | 63,343 | |
| NTELOS Holdings Corp. | | | | 2,700 | | | | 49,734 | |
| PAETEC Holding Corp. | *† | | | 5,459 | | | | 14,739 | |
| Premiere Global Services, Inc. | * | | | 2,174 | | | | 23,566 | |
| Qwest Communications International, Inc. | † | | | 62,767 | | | | 260,483 | |
| SureWest Communications | * | | | 184 | | | | 1,926 | |
| tw telecom Inc. | *† | | | 1,928 | | | | 19,801 | |
| Verizon Communications, Inc. | | | | 112,028 | | | $ | 3,442,620 | |
| Windstream Corp. | | | | 15,208 | | | | 127,139 | |
| XETA Technologies, Inc. | * | | | 1,946 | | | | 4,592 | |
| | | | | | | | | | | | | | 10,429,773 | |
Electric Utilities—2.0% |
| Allegheny Energy, Inc. | | | | 5,273 | | | | 135,253 | |
| Allete, Inc. | † | | | 1,243 | | | | 35,736 | |
| American Electric Power Co., Inc. | | | | 17,879 | | | | 516,524 | |
| Brookfield Infrastructure Partners LP | | | | 1,740 | | | | 21,454 | |
| Central Vermont Public Service Corp. | | | | 540 | | | | 9,774 | |
| Cleco Corp. | † | | | 2,109 | | | | 47,284 | |
| DPL, Inc. | | | | 5,037 | | | | 116,707 | |
| Duke Energy Corp. | | | | 47,382 | | | | 691,303 | |
| Edison International | | | | 12,022 | | | | 378,212 | |
| El Paso Electric Co. | * | | | 1,748 | | | | 24,402 | |
| Empire District Electric Co. (The) | † | | | 1,197 | | | | 19,775 | |
| Entergy Corp. | | | | 8,044 | | | | 623,571 | |
| Exelon Corp. | | | | 26,142 | | | | 1,338,732 | |
| FirstEnergy Corp. | † | | | 12,533 | | | | 485,654 | |
| FPL Group, Inc. | | | | 14,666 | | | | 833,909 | |
| Great Plains Energy, Inc. | † | | | 3,450 | | | | 53,648 | |
| Hawaiian Electric Industries, Inc. | † | | | 3,066 | | | | 58,438 | |
| IDACORP, Inc. | | | | 1,515 | | | | 39,602 | |
| ITC Holdings Corp. | | | | 1,539 | | | | 69,809 | |
| MGE Energy, Inc. | | | | 1,559 | | | | 52,305 | |
| Northeast Utilities | | | | 5,201 | | | | 116,034 | |
| NV Energy, Inc. | | | | 7,959 | | | | 85,878 | |
| Pepco Holdings, Inc. | | | | 7,066 | | | | 94,967 | |
| Pinnacle West Capital Corp. | | | | 3,789 | | | | 114,238 | |
| Portland General Electric Co. | † | | | 1,100 | | | | 21,428 | |
| PPL Corp. | | | | 14,691 | | | | 484,215 | |
| Progress Energy, Inc. | | | | 10,169 | | | | 384,693 | |
| Southern Co. | | | | 30,082 | | | | 937,355 | |
| UIL Holdings Corp. | | | | 1,496 | | | | 33,585 | |
| Unisource Energy Corp. | | | | 1,571 | | | | 41,694 | |
| Unitil Corp. | | | | 420 | | | | 8,660 | |
| Westar Energy, Inc. | | | | 4,032 | | | | 75,681 | |
| | | | | | | | | | | | | | 7,950,520 | |
Electrical Equipment—0.8% |
| A.O. Smith Corp. | † | | | 1,341 | | | | 43,676 | |
| Active Power, Inc. | * | | | 1,093 | | | | 951 | |
| Acuity Brands, Inc. | † | | | 1,873 | | | | 52,538 | |
| American Superconductor Corp. | *† | | | 1,147 | | | | 30,109 | |
| AMETEK, Inc. | | | | 4,234 | | | | 146,412 | |
| AZZ, Inc. | *† | | | 1,582 | | | | 54,437 | |
| Baldor Electric Co. | † | | | 2,620 | | | | 62,330 | |
| Belden, Inc. | † | | | 1,894 | | | | 31,630 | |
| Brady Corp., Class A | | | | 2,402 | | | | 60,338 | |
| C&D Technologies, Inc. | * | | | 1,159 | | | | 2,318 | |
| Capstone Turbine Corp. | *† | | | 2,450 | | | | 2,033 | |
| Cooper Industries Ltd., Class A | | | | 7,946 | | | | 246,723 | |
| Emerson Electric Co. | | | | 30,316 | | | | 982,238 | |
| Encore Wire Corp. | † | | | 1,400 | | | | 29,890 | |
| Energy Conversion Devices, Inc. | *† | | | 781 | | | | 11,051 | |
| Evergreen Solar, Inc. | *† | | | 6,400 | | | | 13,888 | |
| First Solar, Inc. | *† | | | 1,743 | | | | 282,575 | |
| Franklin Electric Co., Inc. | | | | 902 | | | | 23,380 | |
| FuelCell Energy, Inc. | *† | | | 1,938 | | | | 8,101 | |
| General Cable Corp. | * | | | 3,772 | | | | 141,752 | |
See accompanying notes to financial statements.
207
SCHEDULE OF INVESTMENTS—(Continued)
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| GrafTech International Ltd. | * | | | 3,487 | | | $ | 39,438 | |
| Hubbell, Inc., Class B | | | | 2,078 | | | | 66,621 | |
| II-VI, Inc. | * | | | 682 | | | | 15,120 | |
| LSI Industries, Inc. | | | | 1,083 | | | | 5,902 | |
| Magnetek, Inc. | * | | | 1,406 | | | | 1,954 | |
| Medis Technologies Ltd. | * | | | 704 | | | | 352 | |
| Orbit International Corp. | * | | | 2,812 | | | | 7,733 | |
| Plug Power, Inc. | *† | | | 2,704 | | | | 2,461 | |
| Powell Industries, Inc. | * | | | 1,045 | | | | 38,738 | |
| Power-One, Inc. | *† | | | 3,459 | | | | 5,154 | |
| Regal-Beloit Corp. | | | | 1,272 | | | | 50,524 | |
| Rockwell Automation, Inc. | | | | 6,047 | | | | 194,230 | |
| Roper Industries, Inc. | | | | 2,980 | | | | 135,024 | |
| Servotronics, Inc. | | | | 705 | | | | 4,195 | |
| Spire Corp. | *† | | | 2,500 | | | | 13,750 | |
| SunPower Corp., Class A | *† | | | 2,322 | | | | 61,858 | |
| SunPower Corp., Class B | * | | | 1,337 | | | | 32,021 | |
| Tech/Ops Sevcon, Inc. | | | | 719 | | | | 2,006 | |
| Thomas & Betts Corp. | * | | | 2,428 | | | | 70,072 | |
| Ultralife Corp. | * | | | 416 | | | | 2,983 | |
| Universal Security Instruments, Inc. | * | | | 1,866 | | | | 9,610 | |
| Valence Technology, Inc. | *† | | | 6,972 | | | | 12,480 | |
| Vicor Corp. | | | | 1,380 | | | | 9,963 | |
| Woodward Governor Co. | † | | | 2,448 | | | | 48,470 | |
| | | | | | | | | | | | | | 3,057,029 | |
Electronic Equipment, Instruments &
Components—0.8% |
| Agilent Technologies, Inc. | * | | | 13,665 | | | | 277,536 | |
| Agilysys, Inc. | | | | 1,335 | | | | 6,248 | |
| American Technology Corp. | *† | | | 3,686 | | | | 7,003 | |
| Amphenol Corp., Class A | | | | 7,376 | | | | 233,377 | |
| Anixter International, Inc. | *† | | | 1,723 | | | | 64,768 | |
| Arrow Electronics, Inc. | * | | | 4,585 | | | | 97,385 | |
| Avnet, Inc. | * | | | 5,129 | | | | 107,863 | |
| AVX Corp. | | | | 2,270 | | | | 22,541 | |
| Benchmark Electronics, Inc. | * | | | 2,520 | | | | 36,288 | |
| Brightpoint, Inc. | *† | | | 2,358 | | | | 14,785 | |
| CalAmp Corp. | * | | | 550 | | | | 440 | |
| Checkpoint Systems, Inc. | * | | | 1,441 | | | | 22,609 | |
| Cognex Corp. | † | | | 2,023 | | | | 28,585 | |
| Coherent, Inc. | * | | | 1,348 | | | | 27,877 | |
| Corning, Inc. | | | | 60,152 | | | | 966,041 | |
| CTS Corp. | | | | 1,580 | | | | 10,349 | |
| Daktronics, Inc. | † | | | 927 | | | | 7,138 | |
| Dolby Laboratories, Inc., Class A | * | | | 1,370 | | | | 51,074 | |
| DTS, Inc. | *† | | | 755 | | | | 20,438 | |
| Echelon Corp. | * | | | 1,769 | | | | 15,001 | |
| Electro Rent Corp. | † | | | 950 | | | | 9,015 | |
| Electro Scientific Industries, Inc. | * | | | 1,421 | | | | 15,887 | |
| Electro-Sensors, Inc. | | | | 2,581 | | | | 6,659 | |
| FARO Technologies, Inc. | * | | | 453 | | | | 7,035 | |
| FLIR Systems, Inc. | * | | | 5,608 | | | | 126,516 | |
| Frequency Electronics, Inc. | * | | | 821 | | | | 3,079 | |
| Gerber Scientific, Inc. | * | | | 1,608 | | | | 4,020 | |
| ID Systems, Inc. | * | | | 2,016 | | | | 7,298 | |
| Ingram Micro, Inc., Class A | * | | | 6,500 | | | | 113,750 | |
| Insight Enterprises, Inc. | * | | | 2,054 | | | | 19,842 | |
| Iteris, Inc. | * | | | 4,263 | | | | 5,542 | |
| Itron, Inc. | * | | | 955 | | | | 52,592 | |
| Jabil Circuit, Inc. | | | | 8,287 | | | | 61,490 | |
| L-1 Identity Solutions, Inc. | * | | | 1,637 | | | | 12,670 | |
| Lightpath Technologies, Inc., Class A | * | | | 1,526 | | | $ | 1,984 | |
| Littelfuse, Inc. | * | | | 909 | | | | 18,144 | |
| Maxwell Technologies, Inc. | * | | | 370 | | | | 5,117 | |
| Mercury Computer Systems, Inc. | * | | | 963 | | | | 8,908 | |
| Merix Corp. | * | | | 674 | | | | 505 | |
| Mesa Laboratories, Inc. | | | | 1,200 | | | | 23,532 | |
| Methode Electronics, Inc. | | | | 1,383 | | | | 9,709 | |
| Molex, Inc. | | | | 5,599 | | | | 87,064 | |
| MTS Systems Corp. | | | | 1,342 | | | | 27,712 | |
| National Instruments Corp. | † | | | 3,414 | | | | 77,020 | |
| Newport Corp. | *† | | | 1,614 | | | | 9,345 | |
| NU Horizons Electronics Corp. | * | | | 1,207 | | | | 4,031 | |
| OI Corp. | | | | 1,600 | | | | 8,656 | |
| OSI Systems, Inc. | *† | | | 867 | | | | 18,077 | |
| Park Electrochemical Corp. | | | | 1,086 | | | | 23,382 | |
| PC Connection, Inc. | *† | | | 854 | | | | 4,483 | |
| Planar Systems, Inc. | * | | | 785 | | | | 950 | |
| Plexus Corp. | * | | | 1,884 | | | | 38,547 | |
| Radisys Corp. | * | | | 961 | | | | 8,659 | |
| Research Frontiers, Inc. | *† | | | 752 | | | | 2,692 | |
| Rofin-Sinar Technologies, Inc. | *† | | | 2,200 | | | | 44,022 | |
| Rogers Corp. | * | | | 803 | | | | 16,245 | |
| Sanmina-SCI Corp. | * | | | 21,464 | | | | 9,444 | |
| ScanSource, Inc. | *† | | | 1,126 | | | | 27,610 | |
| Sigmatron International, Inc. | * | | | 282 | | | | 527 | |
| Spectrum Control, Inc. | * | | | 1,195 | | | | 10,516 | |
| SYNNEX Corp. | * | | | 104 | | | | 2,599 | |
| Tech Data Corp. | * | | | 2,057 | | | | 67,284 | |
| Technitrol, Inc. | | | | 1,866 | | | | 12,073 | |
| Trans-Lux Corp. | * | | | 866 | | | | 736 | |
| Trimble Navigation Ltd. | * | | | 4,318 | | | | 84,762 | |
| TTM Technologies, Inc. | * | | | 1,639 | | | | 13,046 | |
| Universal Display Corp. | *† | | | 1,350 | | | | 13,203 | |
| Vishay Intertechnology, Inc. | * | | | 6,172 | | | | 41,908 | |
| X-Rite, Inc. | *† | | | 1,890 | | | | 2,835 | |
| Zygo Corp. | * | | | 967 | | | | 4,506 | |
| | | | | | | | | | | | | | 3,192,574 | |
Energy Equipment & Services—1.8% |
| Atwood Oceanics, Inc. | *† | | | 3,324 | | | | 82,801 | |
| Baker Hughes, Inc. | | | | 13,058 | | | | 475,834 | |
| Basic Energy Services, Inc. | *† | | | 1,600 | | | | 10,928 | |
| BJ Services Co. | | | | 11,495 | | | | 156,677 | |
| Bristow Group, Inc. | * | | | 982 | | | | 29,097 | |
| Cal Dive International, Inc. | * | | | 4,816 | | | | 41,562 | |
| Cameron International Corp. | * | | | 8,254 | | | | 233,588 | |
| CARBO Ceramics, Inc. | † | | | 1,137 | | | | 38,885 | |
| Complete Production Services, Inc. | * | | | 1,200 | | | | 7,632 | |
| Dawson Geophysical Co. | *† | | | 924 | | | | 27,581 | |
| Diamond Offshore Drilling, Inc. | † | | | 2,694 | | | | 223,737 | |
| Dresser-Rand Group, Inc. | * | | | 2,924 | | | | 76,316 | |
| Dril-Quip, Inc. | * | | | 1,976 | | | | 75,286 | |
| ENSCO International, Inc. | | | | 5,080 | | | | 177,140 | |
| Exterran Holdings, Inc. | *† | | | 2,465 | | | | 39,539 | |
| FMC Technologies, Inc. | * | | | 5,390 | | | | 202,556 | |
| Global Industries Ltd. | * | | | 2,539 | | | | 14,371 | |
| Gulfmark Offshore, Inc. | * | | | 1,000 | | | | 27,600 | |
| Halliburton Co. | | | | 34,838 | | | | 721,147 | |
| Helix Energy Solutions Group, Inc. | *† | | | 3,853 | | | | 41,882 | |
| Helmerich & Payne, Inc. | † | | | 3,926 | | | | 121,196 | |
| Hercules Offshore, Inc. | *† | | | 5,226 | | | | 20,747 | |
| Hornbeck Offshore Services, Inc. | *† | | | 1,800 | | | | 38,502 | |
See accompanying notes to financial statements.
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| ION Geophysical Corp. | * | | | 2,427 | | | $ | 6,237 | |
| Key Energy Services, Inc. | * | | | 5,220 | | | | 30,067 | |
| Lufkin Industries, Inc. | † | | | 1,000 | | | | 42,050 | |
| Matrix Service Co. | * | | | 468 | | | | 5,373 | |
| Mitcham Industries, Inc. | *† | | | 1,100 | | | | 5,709 | |
| Nabors Industries Ltd. (Bermuda) | *† | | | 10,988 | | | | 171,193 | |
| NATCO Group, Inc., Class A | * | | | 900 | | | | 29,628 | |
| National Oilwell Varco, Inc. | * | | | 16,317 | | | | 532,913 | |
| Newpark Resources, Inc. | * | | | 3,484 | | | | 9,929 | |
| Oceaneering International, Inc. | *† | | | 2,232 | | | | 100,886 | |
| Oil States International, Inc. | *† | | | 2,026 | | | | 49,049 | |
| OYO Geospace Corp. | * | | | 550 | | | | 14,113 | |
| Parker Drilling Co. | *† | | | 3,755 | | | | 16,297 | |
| Patterson-UTI Energy, Inc. | | | | 6,712 | | | | 86,316 | |
| PHI, Inc. | * | | | 774 | | | | 13,266 | |
| Pioneer Drilling Co. | * | | | 2,700 | | | | 12,933 | |
| Pride International, Inc. | *† | | | 5,416 | | | | 135,725 | |
| Rowan Cos., Inc. | | | | 3,918 | | | | 75,696 | |
| Schlumberger Ltd. | | | | 46,534 | | | | 2,517,955 | |
| SEACOR Holdings, Inc. | *† | | | 713 | | | | 53,646 | |
| Smith International, Inc. | | | | 8,871 | | | | 228,428 | |
| Superior Energy Services, Inc. | * | | | 2,900 | | | | 50,083 | |
| T-3 Energy Services, Inc. | *† | | | 972 | | | | 11,577 | |
| Tesco Corp. (Canada) | * | | | 3,185 | | | | 25,289 | |
| Tetra Technologies, Inc. | *† | | | 2,352 | | | | 18,722 | |
| Tidewater, Inc. | † | | | 2,430 | | | | 104,174 | |
| Unit Corp. | * | | | 1,702 | | | | 46,924 | |
| | | | | | | | | | | | | | 7,278,782 | |
Food & Staples Retailing—2.5% |
| Andersons, Inc. (The) | | | | 700 | | | | 20,958 | |
| Arden Group, Inc., Class A | † | | | 260 | | | | 32,526 | |
| BJ’s Wholesale Club, Inc. | * | | | 2,859 | | | | 92,146 | |
| Casey’s General Stores, Inc. | † | | | 1,608 | | | | 41,310 | |
| Costco Wholesale Corp. | | | | 17,704 | | | | 809,073 | |
| CVS Caremark Corp. | | | | 55,435 | | | | 1,766,713 | |
| Great Atlantic & Pacific Tea Co. | *† | | | 123 | | | | 523 | |
| Kroger Co. (The) | | | | 23,489 | | | | 517,932 | |
| Nash Finch Co. | | | | 674 | | | | 18,238 | |
| Nyer Medical Group, Inc. | * | | | 2,532 | | | | 1,924 | |
| Pantry, Inc. (The) | * | | | 1,200 | | | | 19,920 | |
| Rite Aid Corp. | * | | | 25,982 | | | | 39,233 | |
| Ruddick Corp. | † | | | 1,967 | | | | 46,087 | |
| Safeway, Inc. | | | | 16,176 | | | | 329,505 | |
| SUPERVALU, Inc. | | | | 8,154 | | | | 105,594 | |
| Sysco Corp. | | | | 24,091 | | | | 541,566 | |
| United Natural Foods, Inc. | * | | | 1,912 | | | | 50,190 | |
| Walgreen Co. | | | | 39,098 | | | | 1,149,481 | |
| Wal-Mart Stores, Inc. | | | | 88,359 | | | | 4,280,110 | |
| Weis Markets, Inc. | | | | 382 | | | | 12,805 | |
| Whole Foods Market, Inc. | † | | | 5,036 | | | | 95,583 | |
| Winn-Dixie Stores, Inc. | *† | | | 3,309 | | | | 41,495 | |
| | | | | | | | | | | | | | 10,012,912 | |
Food Products—1.6% |
| American Italian Pasta Co., Class A | *† | | | 969 | | | | 28,237 | |
| Archer-Daniels-Midland Co. | | | | 23,265 | | | | 622,804 | |
| Bridgford Foods Corp. | * | | | 559 | | | | 4,824 | |
| Bunge Ltd. | | | | 4,700 | | | | 283,175 | |
| Campbell Soup Co. | | | | 9,126 | | | | 268,487 | |
| Chiquita Brands International, Inc. | *† | | | 2,150 | | | | 22,059 | |
| ConAgra Foods, Inc. | | | | 17,187 | | | | 327,584 | |
| Corn Products International, Inc. | | | | 3,164 | | | $ | 84,764 | |
| Darling International, Inc. | * | | | 3,150 | | | | 20,790 | |
| Dean Foods Co. | * | | | 6,281 | | | | 120,532 | |
| Del Monte Foods Co. | | | | 8,204 | | | | 76,953 | |
| Farmer Bros. Co. | | | | 930 | | | | 21,278 | |
| Flowers Foods, Inc. | † | | | 4,140 | | | | 90,418 | |
| Fresh Del Monte Produce, Inc. (Cayman Islands) | * | | | 567 | | | | 9,219 | |
| General Mills, Inc. | | | | 12,527 | | | | 701,763 | |
| Green Mountain Coffee Roasters, Inc. | *† | | | 2,250 | | | | 133,020 | |
| Griffin Land & Nurseries, Inc. | | | | 650 | | | | 20,332 | |
| H.J. Heinz Co. | | | | 11,592 | | | | 413,834 | |
| Hain Celestial Group, Inc. (The) | *† | | | 1,426 | | | | 22,260 | |
| Hershey Co. (The) | | | | 6,420 | | | | 231,120 | |
| Hormel Foods Corp. | | | | 3,195 | | | | 110,355 | |
| Inventure Group, Inc. (The) | * | | | 5,272 | | | | 12,969 | |
| J&J Snack Foods Corp. | † | | | 761 | | | | 27,320 | |
| J.M. Smucker Co. (The) | | | | 4,592 | | | | 223,447 | |
| Kellogg Co. | | | | 9,479 | | | | 441,437 | |
| Kraft Foods, Inc., Class A | | | | 51,988 | | | | 1,317,376 | |
| Lancaster Colony Corp. | | | | 1,389 | | | | 61,213 | |
| Lance, Inc. | | | | 1,370 | | | | 31,688 | |
| McCormick & Co., Inc. | | | | 4,101 | | | | 133,406 | |
| Ralcorp Holdings, Inc. | * | | | 2,312 | | | | 140,847 | |
| Sanderson Farms, Inc. | | | | 864 | | | | 38,880 | |
| Sara Lee Corp. | | | | 29,377 | | | | 286,719 | |
| Smithfield Foods, Inc. | *† | | | 4,682 | | | | 65,408 | |
| Tootsie Roll Industries, Inc. | † | | | 607 | | | | 13,773 | |
| TreeHouse Foods, Inc. | *† | | | 1,256 | | | | 36,135 | |
| Tyson Foods, Inc., Class A | | | | 10,231 | | | | 129,013 | |
| | | | | | | | | | | | | | 6,573,439 | |
Gas Utilities—0.4% |
| AGL Resources, Inc. | | | | 2,166 | | | | 68,879 | |
| Atmos Energy Corp. | | | | 2,732 | | | | 68,409 | |
| Chesapeake Utilities Corp. | † | | | 949 | | | | 30,871 | |
| Delta Natural Gas Co., Inc. | | | | 380 | | | | 8,558 | |
| Energen Corp. | | | | 2,644 | | | | 105,496 | |
| EQT Corp. | | | | 5,288 | | | | 184,604 | |
| Laclede Group, Inc. (The) | | | | 1,025 | | | | 33,958 | |
| National Fuel Gas Co. | | | | 3,639 | | | | 131,295 | |
| New Jersey Resources Corp. | | | | 1,681 | | | | 62,264 | |
| Nicor, Inc. | | | | 1,828 | | | | 63,285 | |
| Northwest Natural Gas Co. | † | | | 1,183 | | | | 52,431 | |
| Oneok, Inc. | | | | 3,908 | | | | 115,247 | |
| Piedmont Natural Gas Co., Inc. | | | | 2,740 | | | | 66,061 | |
| Questar Corp. | | | | 7,412 | | | | 230,217 | |
| South Jersey Industries, Inc. | | | | 2,014 | | | | 70,268 | |
| Southwest Gas Corp. | | | | 1,252 | | | | 27,807 | |
| Suburban Propane Partners LP | | | | 1,089 | | | | 45,923 | |
| UGI Corp. | | | | 2,720 | | | | 69,333 | |
| WGL Holdings, Inc. | † | | | 2,315 | | | | 74,126 | |
| | | | | | | | | | | | | | 1,509,032 | |
Health Care Equipment & Supplies—2.2% |
| Abaxis, Inc. | *† | | | 749 | | | | 15,384 | |
| ABIOMED, Inc. | *† | | | 886 | | | | 7,815 | |
| Align Technology, Inc. | *† | | | 2,449 | | | | 25,959 | |
| American Medical Systems Holdings, Inc. | * | | | 3,000 | | | | 47,400 | |
| Analogic Corp. | | | | 593 | | | | 21,911 | |
| Baxter International, Inc. | | | | 24,195 | | | | 1,281,367 | |
| Beckman Coulter, Inc. | † | | | 2,512 | | | | 143,536 | |
| Becton Dickinson and Co. | | | | 8,917 | | | | 635,871 | |
See accompanying notes to financial statements.
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| Biolase Technology, Inc. | *† | | | 765 | | | $ | 1,293 | |
| Boston Scientific Corp. | * | | | 53,540 | | | | 542,896 | |
| C.R. Bard, Inc. | † | | | 3,904 | | | | 290,653 | |
| Cerus Corp. | *† | | | 1,010 | | | | 1,040 | |
| Conceptus, Inc. | *† | | | 1,047 | | | | 17,694 | |
| Conmed Corp. | * | | | 1,362 | | | | 21,138 | |
| Cooper Cos., Inc. (The) | | | | 1,627 | | | | 40,236 | |
| CryoLife, Inc. | * | | | 937 | | | | 5,191 | |
| Cyberonics, Inc. | * | | | 956 | | | | 15,898 | |
| DENTSPLY International, Inc. | † | | | 5,668 | | | | 172,987 | |
| Edwards Lifesciences Corp. | * | | | 2,575 | | | | 175,177 | |
| ev3, Inc. | *† | | | 785 | | | | 8,415 | |
| Gen-Probe, Inc. | * | | | 1,849 | | | | 79,470 | |
| Greatbatch, Inc. | *† | | | 942 | | | | 21,299 | |
| Haemonetics Corp. | *† | | | 1,157 | | | | 65,949 | |
| HealthTronics, Inc. | * | | | 2,529 | | | | 5,083 | |
| Hill-Rom Holdings, Inc. | † | | | 1,576 | | | | 25,563 | |
| Hologic, Inc. | * | | | 9,792 | | | | 139,340 | |
| Hospira, Inc. | *† | | | 6,367 | | | | 245,257 | |
| ICU Medical, Inc. | *† | | | 605 | | | | 24,896 | |
| Idexx Laboratories, Inc. | *† | | | 3,136 | | | | 144,883 | |
| Immucor, Inc. | * | | | 1,828 | | | | 25,153 | |
| Integra LifeSciences Holdings Corp. | *† | | | 1,190 | | | | 31,547 | |
| Intuitive Surgical, Inc. | *† | | | 1,610 | | | | 263,493 | |
| Invacare Corp. | | | | 1,333 | | | | 23,527 | |
| Inverness Medical Innovations, Inc. | *† | | | 3,011 | | | | 107,131 | |
| Kensey Nash Corp. | *† | | | 866 | | | | 22,698 | |
| Kinetic Concepts, Inc. | * | | | 2,200 | | | | 59,950 | |
| Masimo Corp. | * | | | 1,500 | | | | 36,165 | |
| Medtronic, Inc. | | | | 43,480 | | | | 1,517,017 | |
| Meridian Bioscience, Inc. | † | | | 1,158 | | | | 26,148 | |
| Merit Medical Systems, Inc. | * | | | 2,519 | | | | 41,060 | |
| NuVasive, Inc. | *† | | | 2,111 | | | | 94,151 | |
| OraSure Technologies, Inc. | *† | | | 1,687 | | | | 4,167 | |
| Osteotech, Inc. | * | | | 1,498 | | | | 6,591 | |
| Palomar Medical Technologies, Inc. | *† | | | 1,116 | | | | 16,361 | |
| ResMed, Inc. | * | | | 3,034 | | | | 123,575 | |
| RTI Biologics, Inc. | *† | | | 807 | | | | 3,462 | |
| Somanetics Corp. | * | | | 1,352 | | | | 22,322 | |
| SonoSite, Inc. | * | | | 1,264 | | | | 25,356 | |
| Spectranetics Corp. | *† | | | 1,045 | | | | 5,152 | |
| St. Jude Medical, Inc. | * | | | 14,024 | | | | 576,386 | |
| Staar Surgical Co. | * | | | 848 | | | | 2,044 | |
| STERIS Corp. | | | | 2,777 | | | | 72,424 | |
| Stryker Corp. | | | | 12,435 | | | | 494,167 | |
| SurModics, Inc. | *† | | | 675 | | | | 15,275 | |
| Synovis Life Technologies, Inc. | * | | | 346 | | | | 7,186 | |
| Teleflex, Inc. | | | | 1,322 | | | | 59,265 | |
| Theragenics Corp. | * | | | 1,492 | | | | 1,925 | |
| ThermoGenesis Corp. | * | | | 4,316 | | | | 2,719 | |
| Thoratec Corp. | *† | | | 2,306 | | | | 61,755 | |
| Urologix, Inc. | *† | | | 1,050 | | | | 1,302 | |
| Varian Medical Systems, Inc. | * | | | 5,512 | | | | 193,692 | |
| Volcano Corp. | * | | | 1,970 | | | | 27,541 | |
| West Pharmaceutical Services, Inc. | † | | | 1,704 | | | | 59,384 | |
| Wright Medical Group, Inc. | *† | | | 1,309 | | | | 21,284 | |
| Young Innovations, Inc. | | | | 677 | | | | 14,752 | |
| Zimmer Holdings, Inc. | * | | | 8,609 | | | | 366,743 | |
| Zoll Medical Corp. | * | | | 850 | | | | 16,439 | |
| | | | | | | | | | | | | | 8,672,910 | |
Health Care Providers & Services—2.2% |
| Aetna, Inc. | | | | 18,064 | | | $ | 452,503 | |
| Alliance HealthCare Services, Inc. | * | | | 1,429 | | | | 10,475 | |
| Almost Family, Inc. | * | | | 422 | | | | 11,018 | |
| Amedisys, Inc. | *† | | | 1,698 | | | | 56,068 | |
| AMERIGROUP Corp. | *† | | | 1,950 | | | | 52,357 | |
| AmerisourceBergen Corp. | | | | 11,548 | | | | 204,862 | |
| AMN Healthcare Services, Inc. | * | | | 1,507 | | | | 9,615 | |
| Amsurg Corp. | * | | | 1,423 | | | | 30,509 | |
| BioScrip, Inc. | * | | | 1,095 | | | | 6,482 | |
| Brookdale Senior Living, Inc. | † | | | 2,200 | | | | 21,428 | |
| Cardinal Health, Inc. | | | | 13,667 | | | | 417,527 | |
| CardioNet, Inc. | *† | | | 1,151 | | | | 18,784 | |
| Catalyst Health Solutions, Inc. | * | | | 1,864 | | | | 46,488 | |
| Centene Corp. | * | | | 1,972 | | | | 39,401 | |
| Chemed Corp. | † | | | 1,162 | | | | 45,876 | |
| Chindex International, Inc. | * | | | 822 | | | | 10,168 | |
| CIGNA Corp. | | | | 10,791 | | | | 259,955 | |
| Clarient, Inc. | * | | | 3,308 | | | | 12,306 | |
| Community Health Systems, Inc. | * | | | 4,282 | | | | 108,120 | |
| Coventry Health Care, Inc. | * | | | 6,568 | | | | 122,887 | |
| Cross Country Healthcare, Inc. | * | | | 1,339 | | | | 9,199 | |
| DaVita, Inc. | * | | | 4,290 | | | | 212,183 | |
| Express Scripts, Inc. | * | | | 8,618 | | | | 592,488 | |
| Gentiva Health Services, Inc. | * | | | 1,474 | | | | 24,262 | |
| Hanger Orthopedic Group, Inc. | * | | | 1,083 | | | | 14,718 | |
| Health Management Associates, Inc., Class A | * | | | 9,953 | | | | 49,168 | |
| Health Net, Inc. | * | | | 3,209 | | | | 49,900 | |
| Healthspring, Inc. | * | | | 2,400 | | | | 26,064 | |
| Healthways, Inc. | * | | | 1,362 | | | | 18,319 | |
| Henry Schein, Inc. | *† | | | 3,652 | | | | 175,113 | |
| HMS Holdings Corp. | *† | | | 1,410 | | | | 57,415 | |
| Humana, Inc. | * | | | 6,683 | | | | 215,594 | |
| inVentiv Health, Inc. | * | | | 2,100 | | | | 28,413 | |
| Kindred Healthcare, Inc. | * | | | 1,800 | | | | 22,266 | |
| Laboratory Corp. of America Holdings | *† | | | 4,321 | | | | 292,921 | |
| Landauer, Inc. | † | | | 598 | | | | 36,681 | |
| LCA-Vision, Inc. | *† | | | 616 | | | | 2,600 | |
| LifePoint Hospitals, Inc. | *† | | | 2,149 | | | | 56,411 | |
| Lincare Holdings, Inc. | *† | | | 2,129 | | | | 50,074 | |
| Magellan Health Services, Inc. | * | | | 1,400 | | | | 45,948 | |
| McKesson Corp. | | | | 11,391 | | | | 501,204 | |
| Medco Health Solutions, Inc. | * | | | 19,415 | | | | 885,518 | |
| Mednax, Inc. | *† | | | 2,182 | | | | 91,928 | |
| National Healthcare Corp. | † | | | 431 | | | | 16,352 | |
| National Research Corp. | | | | 1,250 | | | | 30,500 | |
| NovaMed, Inc. | *† | | | 1,250 | | | | 4,937 | |
| Odyssey HealthCare, Inc. | * | | | 1,593 | | | | 16,376 | |
| Omnicare, Inc. | | | | 4,277 | | | | 110,176 | |
| Owens & Minor, Inc. | | | | 1,623 | | | | 71,120 | |
| Patterson Cos., Inc. | *† | | | 5,546 | | | | 120,348 | |
| PDI, Inc. | * | | | 703 | | | | 2,882 | |
| PharMerica Corp. | *† | | | 1,365 | | | | 26,795 | |
| PSS World Medical, Inc. | *† | | | 3,574 | | | | 66,155 | |
| Psychemedics Corp. | | | | 302 | | | | 2,078 | |
| Psychiatric Solutions, Inc. | *† | | | 2,662 | | | | 60,534 | |
| Quest Diagnostics, Inc. | | | | 6,037 | | | | 340,668 | |
| RehabCare Group, Inc. | *† | | | 739 | | | | 17,684 | |
| Res-Care, Inc. | * | | | 1,222 | | | | 17,475 | |
| Sun Healthcare Group, Inc. | *† | | | 2,084 | | | | 17,589 | |
| Sunrise Senior Living, Inc. | *† | | | 1,950 | | | | 3,217 | |
| Tenet Healthcare Corp. | * | | | 19,289 | | | | 54,395 | |
| U.S. Physical Therapy, Inc. | * | | | 1,300 | | | | 19,175 | |
See accompanying notes to financial statements.
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| United American Healthcare Corp. | * | | | 4,251 | | | $ | 7,014 | |
| UnitedHealth Group, Inc. | | | | 47,564 | | | | 1,188,149 | |
| Universal American Corp. | * | | | 1,812 | | | | 15,801 | |
| Universal Health Services, Inc., Class B | | | | 1,233 | | | | 60,232 | |
| VCA Antech, Inc. | *† | | | 3,442 | | | | 91,901 | |
| WellCare Health Plans, Inc. | *† | | | 1,500 | | | | 27,735 | |
| WellPoint, Inc. | * | | | 19,668 | | | | 1,000,905 | |
| | | | | | | | | | | | | | 8,785,409 | |
Health Care Technology—0.1% |
| Allscripts-Misys Healthcare Solutions, Inc. | † | | | 2,300 | | | | 36,478 | |
| AMICAS, Inc. | * | | | 1,846 | | | | 5,132 | |
| Cerner Corp. | *† | | | 3,044 | | | | 189,611 | |
| Eclipsys Corp. | *† | | | 1,846 | | | | 32,822 | |
| HLTH Corp. | *† | | | 5,456 | | | | 71,473 | |
| IMS Health, Inc. | | | | 7,150 | | | | 90,805 | |
| Mediware Information Systems, Inc. | * | | | 1,088 | | | | 6,691 | |
| Omnicell, Inc. | * | | | 783 | | | | 8,417 | |
| Phase Forward, Inc. | *† | | | 2,151 | | | | 32,502 | |
| Quality Systems, Inc. | † | | | 768 | | | | 43,745 | |
| | | | | | | | | | | | | | 517,676 | |
Hotels, Restaurants & Leisure—1.7% |
| Ambassadors International, Inc. | * | | | 523 | | | | 157 | |
| Ameristar Casinos, Inc. | | | | 300 | | | | 5,709 | |
| Bally Technologies, Inc. | * | | | 1,971 | | | | 58,972 | |
| Bob Evans Farms, Inc. | † | | | 1,465 | | | | 42,104 | |
| Boyd Gaming Corp. | * | | | 2,619 | | | | 22,261 | |
| Brinker International, Inc. | † | | | 5,167 | | | | 87,994 | |
| Buffalo Wild Wings, Inc. | *† | | | 867 | | | | 28,195 | |
| Burger King Holdings, Inc. | | | | 1,700 | | | | 29,359 | |
| California Pizza Kitchen, Inc. | *† | | | 1,455 | | | | 19,337 | |
| Carnival Corp. | | | | 17,238 | | | | 444,223 | |
| CEC Entertainment, Inc. | * | | | 1,614 | | | | 47,581 | |
| Cedar Fair, LP | | | | 2,300 | | | | 25,162 | |
| Cheesecake Factory, Inc. (The) | *† | | | 3,444 | | | | 59,581 | |
| Chipotle Mexican Grill, Inc., Class A | *† | | | 1,386 | | | | 110,880 | |
| Choice Hotels International, Inc. | | | | 1,616 | | | | 43,002 | |
| Churchill Downs, Inc. | | | | 638 | | | | 21,475 | |
| CKE Restaurants, Inc. | | | | 1,945 | | | | 16,494 | |
| Cracker Barrel Old Country Store, Inc. | | | | 2,120 | | | | 59,148 | |
| Darden Restaurants, Inc. | | | | 5,104 | | | | 168,330 | |
| DineEquity, Inc. | † | | | 1,079 | | | | 33,654 | |
| Dover Downs Gaming & Entertainment, Inc. | | | | 1,710 | | | | 7,951 | |
| Dover Motorsports, Inc. | † | | | 1,645 | | | | 2,336 | |
| Empire Resorts, Inc. | *† | | | 582 | | | | 1,053 | |
| Gaylord Entertainment Co. | *† | | | 1,772 | | | | 22,522 | |
| International Game Technology | | | | 13,402 | | | | 213,092 | |
| International Speedway Corp., Class A | | | | 1,190 | | | | 30,476 | |
| Interval Leisure Group, Inc. | *† | | | 1,886 | | | | 17,577 | |
| Isle of Capri Casinos, Inc. | *† | | | 1,250 | | | | 16,650 | |
| Jack in the Box, Inc. | * | | | 2,874 | | | | 64,521 | |
| Krispy Kreme Doughnuts, Inc. | * | | | 2,573 | | | | 7,719 | |
| Landry’s Restaurants, Inc. | * | | | 1,253 | | | | 10,776 | |
| Las Vegas Sands Corp. | *† | | | 12,301 | | | | 96,686 | |
| Life Time Fitness, Inc. | *† | | | 1,774 | | | | 35,498 | |
| Marcus Corp. | | | | 1,505 | | | | 15,833 | |
| Marriott International, Inc., Class A | | | | 13,704 | | | $ | 302,456 | |
| MAXXAM, Inc. | * | | | 856 | | | | 9,245 | |
| McDonald’s Corp. | | | | 44,517 | | | | 2,559,282 | |
| MGM MIRAGE | *† | | | 4,792 | | | | 30,621 | |
| Morgans Hotel Group Co. | *† | | | 2,300 | | | | 8,809 | |
| Morton’s Restaurant Group, Inc. | * | | | 2,200 | | | | 6,600 | |
| Multimedia Games, Inc. | * | | | 1,202 | | | | 5,962 | |
| O’Charleys, Inc. | | | | 1,091 | | | | 10,092 | |
| Orient-Express Hotels Ltd., Class A (Bermuda) | † | | | 1,577 | | | | 13,389 | |
| P.F. Chang’s China Bistro, Inc. | *† | | | 1,089 | | | | 34,913 | |
| Panera Bread Co., Class A | *† | | | 1,250 | | | | 62,325 | |
| Papa John’s International, Inc. | *† | | | 1,610 | | | | 39,912 | |
| Peet’s Coffee & Tea, Inc. | * | | | 637 | | | | 16,052 | |
| Penn National Gaming, Inc. | * | | | 2,586 | | | | 75,278 | |
| Pinnacle Entertainment, Inc. | * | | | 1,629 | | | | 15,133 | |
| Red Robin Gourmet Burgers, Inc. | *† | | | 692 | | | | 12,975 | |
| Royal Caribbean Cruises Ltd. | | | | 4,300 | | | | 58,222 | |
| Ruby Tuesday, Inc. | *† | | | 2,816 | | | | 18,755 | |
| Scientific Games Corp., Class A | * | | | 2,517 | | | | 39,693 | |
| Shuffle Master, Inc. | * | | | 1,527 | | | | 10,093 | |
| Sonic Corp. | *† | | | 3,730 | | | | 37,412 | |
| Speedway Motorsports, Inc. | | | | 149 | | | | 2,050 | |
| Starbucks Corp. | *† | | | 29,904 | | | | 415,367 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 7,939 | | | | 176,246 | |
| Steak n Shake Co. (The) | *† | | | 1,267 | | | | 11,074 | |
| Texas Roadhouse, Inc., Class A | * | | | 3,070 | | | | 33,494 | |
| Vail Resorts, Inc. | * | | | 1,491 | | | | 39,989 | |
| Wendy’s/Arby’s Group, Inc., Class A | † | | | 25,109 | | | | 100,436 | |
| WMS Industries, Inc. | * | | | 1,903 | | | | 59,964 | |
| Wyndham Worldwide Corp. | | | | 8,848 | | | | 107,238 | |
| Wynn Resorts Ltd. | *† | | | 2,554 | | | | 90,156 | |
| Yum! Brands, Inc. | | | | 19,013 | | | | 633,893 | |
| | | | | | | | | | | | | | 6,903,434 | |
Household Durables—0.5% |
| American Greetings Corp., Class A | | | | 2,760 | | | | 32,237 | |
| Bassett Furniture Industries, Inc. | | | | 1,139 | | | | 3,132 | |
| Beazer Homes USA, Inc. | *† | | | 1,494 | | | | 2,734 | |
| Black & Decker Corp. | | | | 2,739 | | | | 78,500 | |
| Blyth, Inc. | † | | | 460 | | | | 15,083 | |
| Brookfield Homes Corp. | *† | | | 1,218 | | | | 4,872 | |
| California Coastal Communities, Inc. | *† | | | 267 | | | | 368 | |
| Centex Corp. | | | | 4,760 | | | | 40,270 | |
| Champion Enterprises, Inc. | *† | | | 2,559 | | | | 819 | |
| D.R. Horton, Inc. | | | | 11,522 | | | | 107,846 | |
| Ethan Allen Interiors, Inc. | † | | | 1,551 | | | | 16,068 | |
| Fortune Brands, Inc. | | | | 5,642 | | | | 196,003 | |
| Furniture Brands International, Inc. | | | | 2,341 | | | | 7,093 | |
| Garmin Ltd. (Cayman Islands) | † | | | 4,774 | | | | 113,717 | |
| Harman International Industries, Inc. | † | | | 2,728 | | | | 51,286 | |
| Helen of Troy Ltd. (Bermuda) | * | | | 1,333 | | | | 22,381 | |
| Hovnanian Enterprises, Inc., Class A | *† | | | 1,478 | | | | 3,488 | |
| Jarden Corp. | *† | | | 2,055 | | | | 38,531 | |
| KB Home | † | | | 3,248 | | | | 44,433 | |
| La-Z-Boy, Inc. | † | | | 2,404 | | | | 11,347 | |
| Leggett & Platt, Inc. | | | | 7,391 | | | | 112,565 | |
See accompanying notes to financial statements.
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| Lennar Corp., Class A | | | | 5,675 | | | $ | 54,991 | |
| M/I Homes, Inc. | *† | | | 610 | | | | 5,972 | |
| MDC Holdings, Inc. | † | | | 1,091 | | | | 32,850 | |
| Meritage Homes Corp. | * | | | 1,300 | | | | 24,518 | |
| Mohawk Industries, Inc. | * | | | 2,460 | | | | 87,773 | |
| National Presto Industries, Inc. | | | | 535 | | | | 40,713 | |
| Newell Rubbermaid, Inc. | † | | | 10,108 | | | | 105,224 | |
| NVR, Inc. | * | | | 262 | | | | 131,626 | |
| Palm Harbor Homes, Inc. | *† | | | 1,181 | | | | 2,539 | |
| Pulte Homes, Inc. | † | | | 8,898 | | | | 78,569 | |
| Russ Berrie & Co., Inc. | * | | | 1,156 | | | | 4,520 | |
| Ryland Group, Inc. | | | | 1,852 | | | | 31,040 | |
| Skyline Corp. | | | | 720 | | | | 15,660 | |
| Snap-On, Inc. | | | | 2,419 | | | | 69,522 | |
| Standard Pacific Corp. | * | | | 2,568 | | | | 5,213 | |
| Stanley Works (The) | | | | 3,365 | | | | 113,872 | |
| Tempur-Pedic International, Inc. | | | | 1,346 | | | | 17,592 | |
| Toll Brothers, Inc. | *† | | | 4,132 | | | | 70,120 | |
| Tupperware Brands Corp. | | | | 2,427 | | | | 63,151 | |
| Universal Electronics, Inc. | *† | | | 639 | | | | 12,889 | |
| Whirlpool Corp. | † | | | 2,980 | | | | 126,829 | |
| | | | | | | | | | | | | | 1,997,956 | |
Household Products—2.2% |
| Central Garden and Pet Co. | * | | | 615 | | | | 6,759 | |
| Central Garden and Pet Co., Class A | * | | | 1,230 | | | | 12,116 | |
| Church & Dwight Co., Inc. | | | | 2,569 | | | | 139,522 | |
| Clorox Co. | | | | 5,245 | | | | 292,828 | |
| Colgate-Palmolive Co. | | | | 19,424 | | | | 1,374,054 | |
| Energizer Holdings, Inc. | * | | | 1,856 | | | | 96,957 | |
| Kimberly-Clark Corp. | | | | 16,536 | | | | 866,982 | |
| Procter & Gamble Co. (The) | | | | 115,806 | | | | 5,917,687 | |
| WD-40 Co. | | | | 949 | | | | 27,521 | |
| | | | | | | | | | | | | | 8,734,426 | |
Independent Power Producers & Energy Traders—0.3% |
| AES Corp. (The) | * | | | 25,835 | | | | 299,944 | |
| Calpine Corp. | * | | | 16,000 | | | | 178,400 | |
| Constellation Energy Group, Inc. | | | | 7,434 | | | | 197,596 | |
| Dynegy, Inc., Class A | * | | | 15,654 | | | | 35,534 | |
| Mirant Corp. | * | | | 8,577 | | | | 135,002 | |
| NRG Energy, Inc. | * | | | 8,000 | | | | 207,680 | |
| RRI Energy, Inc. | * | | | 11,470 | | | | 57,465 | |
| | | | | | | | | | | | | | 1,111,621 | |
Industrial Conglomerates—1.7% |
| 3M Co. | | | | 25,193 | | | | 1,514,099 | |
| Carlisle Cos., Inc. | | | | 2,452 | | | | 58,946 | |
| General Electric Co. | | | | 412,369 | | | | 4,832,965 | |
| McDermott International, Inc. | * | | | 8,276 | | | | 168,086 | |
| Otter Tail Corp. | † | | | 1,095 | | | | 23,915 | |
| Seaboard Corp. | | | | 18 | | | | 20,196 | |
| Standex International Corp. | | | | 724 | | | | 8,398 | |
| Textron, Inc. | | | | 8,214 | | | | 79,347 | |
| Tredegar Corp. | | | | 1,606 | | | | 21,392 | |
| United Capital Corp. | * | | | 690 | | | | 12,641 | |
| | | | | | | | | | | | | | 6,739,985 | |
Insurance—3.7% |
| Aflac, Inc. | | | | 18,665 | | | | 580,295 | |
| Alleghany Corp. | *† | | | 151 | | | | 40,921 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 1,889 | | | | 77,128 | |
| Allstate Corp. (The) | | | | 21,889 | | | $ | 534,092 | |
| Ambac Financial Group, Inc. | † | | | 11,209 | | | | 10,312 | |
| American Equity Investment Life Holding Co. | † | | | 4,302 | | | | 24,005 | |
| American Financial Group, Inc. | | | | 2,657 | | | | 57,338 | |
| American Independence Corp. | * | | | 430 | | | | 2,000 | |
| American International Group, Inc. | † | | | 90,295 | | | | 104,742 | |
| American National Insurance Co. | † | | | 945 | | | | 71,423 | |
| American Physicians Capital, Inc. | | | | 1,290 | | | | 50,516 | |
| AON Corp. | | | | 10,312 | | | | 390,515 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 1,428 | | | | 83,652 | |
| Argo Group International Holdings Ltd. (Bermuda) | * | | | 899 | | | | 25,370 | |
| Arthur J. Gallagher & Co. | | | | 3,230 | | | | 68,928 | |
| Aspen Insurance Holdings Ltd. (Bermuda) | | | | 3,512 | | | | 78,458 | |
| Assurant, Inc. | | | | 4,146 | | | | 99,877 | |
| Assured Guaranty Ltd. (Bermuda) | | | | 2,359 | | | | 29,204 | |
| Axis Capital Holdings Ltd. (Bermuda) | | | | 5,691 | | | | 148,990 | |
| Baldwin & Lyons, Inc., Class B | † | | | 945 | | | | 18,617 | |
| Berkshire Hathaway, Inc., Class A | * | | | 46 | | | | 4,140,000 | |
| Brown & Brown, Inc. | | | | 5,036 | | | | 100,367 | |
| Chubb Corp. | | | | 14,462 | | | | 576,745 | |
| Cincinnati Financial Corp. | † | | | 6,036 | | | | 134,905 | |
| CNA Financial Corp. | † | | | 1,422 | | | | 21,998 | |
| CNA Surety Corp. | * | | | 1,486 | | | | 20,046 | |
| Conseco, Inc. | *† | | | 6,600 | | | | 15,642 | |
| Crawford & Co., Class B | *† | | | 1,891 | | | | 9,077 | |
| Delphi Financial Group, Inc., Class A | | | | 1,945 | | | | 37,791 | |
| Donegal Group, Inc., Class B | | | | 758 | | | | 10,578 | |
| EMC Insurance Group, Inc. | † | | | 341 | | | | 7,096 | |
| Employers Holdings, Inc. | | | | 2,770 | | | | 37,534 | |
| Endurance Specialty Holdings Ltd. (Bermuda) | | | | 2,698 | | | | 79,051 | |
| Erie Indemnity Co., Class A | | | | 1,023 | | | | 36,582 | |
| Everest Re Group Ltd. (Bermuda) | | | | 2,468 | | | | 176,635 | |
| FBL Financial Group, Inc., Class A | † | | | 1,275 | | | | 10,532 | |
| Fidelity National Financial, Inc., Class A | | | | 8,236 | | | | 111,433 | |
| First American Corp. | | | | 3,159 | | | | 81,850 | |
| Genworth Financial, Inc., Class A | | | | 15,900 | | | | 111,141 | |
| Greenlight Capital Re Ltd., Class A (Cayman Islands) | *† | | | 1,797 | | | | 31,106 | |
| Hanover Insurance Group, Inc. (The) | † | | | 2,346 | | | | 89,406 | |
| Harleysville Group, Inc. | † | | | 1,351 | | | | 38,125 | |
| Hartford Financial Services Group, Inc. | | | | 12,354 | | | | 146,642 | |
| HCC Insurance Holdings, Inc. | | | | 3,999 | | | | 96,016 | |
| Hilltop Holdings, Inc. | *† | | | 1,180 | | | | 14,007 | |
| Horace Mann Educators Corp. | | | | 2,000 | | | | 19,940 | |
| Independence Holding Co. | | | | 961 | | | | 6,112 | |
| Infinity Property & Casualty Corp. | | | | 810 | | | | 29,533 | |
| IPC Holdings Ltd. (Bermuda) | | | | 2,362 | | | | 64,577 | |
| Kansas City Life Insurance Co. | | | | 902 | | | | 24,273 | |
| Lincoln National Corp. | | | | 10,899 | | | | 187,572 | |
| Loews Corp. | | | | 14,187 | | | | 388,724 | |
See accompanying notes to financial statements.
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| Markel Corp. | *† | | | 412 | | | $ | 116,060 | |
| Marsh & McLennan Cos., Inc. | | | | 20,317 | | | | 408,981 | |
| Max Capital Group Ltd. (Bermuda) | | | | 1,915 | | | | 35,351 | |
| MBIA, Inc. | *† | | | 8,742 | | | | 37,853 | |
| Mercury General Corp. | † | | | 1,109 | | | | 37,074 | |
| MetLife, Inc. | | | | 21,950 | | | | 658,720 | |
| Montpelier Re Holdings Ltd. (Bermuda) | | | | 3,734 | | | | 49,625 | |
| National Financial Partners Corp. | † | | | 1,495 | | | | 10,943 | |
| Navigators Group, Inc. | * | | | 938 | | | | 41,675 | |
| Odyssey Re Holdings Corp. | † | | | 505 | | | | 20,190 | |
| Old Republic International Corp. | † | | | 9,191 | | | | 90,531 | |
| PartnerRe Ltd. (Bermuda) | † | | | 2,300 | | | | 149,385 | |
| Phoenix Cos., Inc. (The) | * | | | 4,217 | | | | 7,042 | |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 2,734 | | | | 78,165 | |
| PMA Capital Corp., Class A | *† | | | 1,826 | | | | 8,308 | |
| Presidential Life Corp. | | | | 1,144 | | | | 8,660 | |
| Principal Financial Group, Inc. | | | | 10,091 | | | | 190,114 | |
| ProAssurance Corp. | *† | | | 1,647 | | | | 76,108 | |
| Progressive Corp. (The) | * | | | 24,774 | | | | 374,335 | |
| Protective Life Corp. | † | | | 3,130 | | | | 35,807 | |
| Prudential Financial, Inc. | | | | 16,775 | | | | 624,366 | |
| Reinsurance Group of America, Inc. | | | | 1,440 | | | | 50,270 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 2,900 | | | | 134,966 | |
| RLI Corp. | † | | | 1,164 | | | | 52,147 | |
| Safety Insurance Group, Inc. | † | | | 850 | | | | 25,976 | |
| Selective Insurance Group, Inc. | | | | 2,122 | | | | 27,098 | |
| StanCorp Financial Group, Inc. | | | | 2,460 | | | | 70,553 | |
| State Auto Financial Corp. | | | | 488 | | | | 8,540 | |
| Stewart Information Services Corp. | | | | 1,239 | | | | 17,656 | |
| Torchmark Corp. | † | | | 3,623 | | | | 134,196 | |
| Tower Group, Inc. | | | | 1,736 | | | | 43,018 | |
| Transatlantic Holdings, Inc. | | | | 1,167 | | | | 50,566 | |
| Travelers Cos., Inc. (The) | | | | 23,227 | | | | 953,236 | |
| United Fire & Casualty Co. | | | | 1,250 | | | | 21,438 | |
| Unitrin, Inc. | | | | 1,906 | | | | 22,910 | |
| Unum Group | | | | 13,588 | | | | 215,506 | |
| Validus Holdings Ltd. (Bermuda) | † | | | 1,256 | | | | 27,607 | |
| W.R. Berkley Corp. | | | | 5,680 | | | | 121,950 | |
| Wesco Financial Corp. | † | | | 187 | | | | 54,417 | |
| White Mountains Insurance Group Ltd. | | | | 300 | | | | 68,673 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 11,995 | | | | 137,463 | |
| Zenith National Insurance Corp. | † | | | 1,498 | | | | 32,567 | |
| | | | | | | | | | | | | | 14,681,465 | |
Internet & Catalog Retail—0.4% |
| 1-800-FLOWERS.COM, Inc., Class A | * | | | 793 | | | | 1,523 | |
| Amazon.com, Inc. | * | | | 12,445 | | | | 1,041,149 | |
| dELiA*s, Inc. | * | | | 925 | | | | 2,202 | |
| drugstore.com, Inc. | * | | | 3,800 | | | | 6,916 | |
| Expedia, Inc. | * | | | 11,022 | | | | 166,542 | |
| Hollywood Media Corp. | * | | | 1,494 | | | | 2,331 | |
| HSN, Inc. | * | | | 1,886 | | | | 19,935 | |
| Liberty Media Corp. - Interactive, Series A | * | | | 25,718 | | | | 128,847 | |
| NetFlix, Inc. | *† | | | 679 | | | $ | 28,070 | |
| Overstock.com, Inc. | *† | | | 770 | | | | 9,209 | |
| priceline.com, Inc. | *† | | | 1,548 | | | | 172,679 | |
| Stamps.com, Inc. | * | | | 1,050 | | | | 8,904 | |
| Ticketmaster Entertainment, Inc. | * | | | 1,886 | | | | 12,108 | |
| Valuevision Media, Inc., Class A | * | | | 1,741 | | | | 3,412 | |
| | | | | | | | | | | | | | 1,603,827 | |
Internet Software & Services—1.6% |
| Akamai Technologies, Inc. | * | | | 5,664 | | | | 108,635 | |
| Art Technology Group, Inc. | * | | | 8,333 | | | | 31,665 | |
| Autobytel, Inc. | * | | | 1,384 | | | | 594 | |
| Bankrate, Inc. | *† | | | 1,083 | | | | 27,335 | |
| DealerTrack Holdings, Inc. | *† | | | 1,800 | | | | 30,600 | |
| Digital River, Inc. | * | | | 1,627 | | | | 59,093 | |
| Earthlink, Inc. | * | | | 5,814 | | | | 43,082 | |
| eBay, Inc. | * | | | 42,977 | | | | 736,196 | |
| Equinix, Inc. | * | | | 1,323 | | | | 96,235 | |
| Google, Inc., Class A | * | | | 8,944 | | | | 3,770,701 | |
| GSI Commerce, Inc. | * | | | 1,469 | | | | 20,933 | |
| IAC/InterActiveCorp | * | | | 4,715 | | | | 75,676 | |
| Infospace, Inc. | * | | | 1,323 | | | | 8,771 | |
| Internap Network Services Corp. | * | | | 1,297 | | | | 4,527 | |
| j2 Global Communications, Inc. | * | | | 1,614 | | | | 36,412 | |
| Keynote Systems, Inc. | * | | | 1,400 | | | | 10,696 | |
| Knot, Inc. (The) | * | | | 2,304 | | | | 18,156 | |
| LivePerson, Inc. | * | | | 3,333 | | | | 13,332 | |
| Looksmart Ltd. | * | | | 500 | | | | 665 | |
| ModusLink Global Solutions, Inc. | * | | | 1,007 | | | | 6,908 | |
| Move, Inc. | * | | | 7,362 | | | | 15,902 | |
| NaviSite, Inc. | * | | | 3,725 | | | | 5,103 | |
| NIC, Inc. | | | | 2,450 | | | | 16,586 | |
| Omniture, Inc. | *† | | | 3,520 | | | | 44,211 | |
| On2 Technologies, Inc. | *† | | | 4,620 | | | | 1,940 | |
| Openwave Systems, Inc. | * | | | 2,570 | | | | 5,757 | |
| RealNetworks, Inc. | * | | | 5,844 | | | | 17,474 | |
| Saba Software, Inc. | * | | | 1,576 | | | | 6,068 | |
| SAVVIS, Inc. | * | | | 408 | | | | 4,676 | |
| support.com, Inc. | * | | | 1,562 | | | | 3,405 | |
| United Online, Inc. | | | | 2,509 | | | | 16,334 | |
| Valueclick, Inc. | * | | | 4,058 | | | | 42,690 | |
| VeriSign, Inc. | *† | | | 8,080 | | | | 149,318 | |
| Vertro, Inc. | * | | | 990 | | | | 188 | |
| Vignette Corp. | * | | | 737 | | | | 9,692 | |
| VistaPrint Ltd. (Bermuda) | * | | | 1,262 | | | | 53,824 | |
| Web.com Group, Inc. | * | | | 308 | | | | 1,734 | |
| WebMediaBrands, Inc. | * | | | 1,450 | | | | 796 | |
| Yahoo! Inc. | * | | | 50,447 | | | | 790,000 | |
| Zix Corp. | *† | | | 1,015 | | | | 1,522 | |
| | | | | | | | | | | | | | 6,287,432 | |
IT Services—1.7% |
| Accenture Ltd., Class A (Bermuda) | | | | 21,831 | | | | 730,465 | |
| Acxiom Corp. | | | | 3,451 | | | | 30,472 | |
| Affiliated Computer Services, Inc., Class A | * | | | 4,289 | | | | 190,517 | |
| Alliance Data Systems Corp. | *† | | | 1,955 | | | | 80,526 | |
| Automatic Data Processing, Inc. | | | | 19,932 | | | | 706,390 | |
| Broadridge Financial Solutions, Inc. | | | | 5,748 | | | | 95,302 | |
| CACI International, Inc., Class A | *† | | | 1,198 | | | �� | 51,167 | |
See accompanying notes to financial statements.
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| Ciber, Inc. | *† | | | 2,444 | | | $ | 7,576 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 10,552 | | | | 281,738 | |
| Computer Sciences Corp. | * | | | 6,597 | | | | 292,247 | |
| Convergys Corp. | * | | | 5,933 | | | | 55,058 | |
| CSG Systems International, Inc. | * | | | 2,153 | | | | 28,506 | |
| Cybersource Corp. | *† | | | 2,776 | | | | 42,473 | |
| DST Systems, Inc. | * | | | 2,518 | | | | 93,040 | |
| Edgewater Technology, Inc. | * | | | 1,533 | | | | 3,955 | |
| Euronet Worldwide, Inc. | *† | | | 1,056 | | | | 20,476 | |
| Fidelity National Information Services, Inc. | | | | 8,097 | | | | 161,616 | |
| Fiserv, Inc. | * | | | 6,994 | | | | 319,626 | |
| Forrester Research, Inc. | *† | | | 963 | | | | 23,642 | |
| Gartner, Inc., Class A | *† | | | 1,179 | | | | 17,992 | |
| Global Payments, Inc. | | | | 3,238 | | | | 121,295 | |
| Hackett Group, Inc. (The) | *† | | | 1,140 | | | | 2,656 | |
| Hewitt Associates, Inc., Class A | * | | | 2,317 | | | | 69,000 | |
| iGATE Corp. | | | | 1,397 | | | | 9,248 | |
| infoGROUP, Inc. | * | | | 1,708 | | | | 9,753 | |
| Integral Systems, Inc. | *† | | | 1,010 | | | | 8,403 | |
| Lender Processing Services, Inc. | | | | 4,048 | | | | 112,413 | |
| Lionbridge Technologies, Inc. | * | | | 1,165 | | | | 2,144 | |
| Management Network Group, Inc. | * | | | 1,600 | | | | 592 | |
| Mantech International Corp., Class A | *† | | | 1,217 | | | | 52,380 | |
| Mastech Holdings, Inc. | * | | | 93 | | | | 323 | |
| Mastercard, Inc., Class A | | | | 3,393 | | | | 567,683 | |
| MAXIMUS, Inc. | | | | 1,052 | | | | 43,395 | |
| Metavante Technologies, Inc. | * | | | 2,857 | | | | 73,882 | |
| MoneyGram International, Inc. | * | | | 3,750 | | | | 6,675 | |
| NeuStar, Inc., Class A | * | | | 3,140 | | | | 69,582 | |
| Online Resources Corp. | * | | | 700 | | | | 4,368 | |
| Paychex, Inc. | | | | 13,545 | | | | 341,334 | |
| Perot Systems Corp., Class A | * | | | 4,359 | | | | 62,464 | |
| Pfsweb, Inc. | * | | | 1,209 | | | | 1,632 | |
| SAIC, Inc. | * | | | 7,390 | | | | 137,085 | |
| Sapient Corp. | *† | | | 4,150 | | | | 26,104 | |
| SRA International, Inc., Class A | *† | | | 1,664 | | | | 29,220 | |
| StarTek, Inc. | * | | | 994 | | | | 7,972 | |
| Syntel, Inc. | † | | | 1,554 | | | | 48,858 | |
| TeleTech Holdings, Inc. | * | | | 2,738 | | | | 41,481 | |
| Total System Services, Inc. | | | | 6,935 | | | | 92,860 | |
| Unisys Corp. | *† | | | 13,714 | | | | 20,708 | |
| VeriFone Holdings, Inc. | * | | | 2,645 | | | | 19,864 | |
| Visa, Inc., Class A | † | | | 17,412 | | | | 1,084,071 | |
| Western Union Co. (The) | | | | 27,933 | | | | 458,101 | |
| Wright Express Corp. | * | | | 1,750 | | | | 44,572 | |
| | | | | | | | | | | | | | 6,802,902 | |
Leisure Equipment & Products—0.1% |
| Arctic Cat, Inc. | | | | 1,857 | | | | 7,502 | |
| Brunswick Corp. | † | | | 3,797 | | | | 16,403 | |
| Callaway Golf Co. | † | | | 2,881 | | | | 14,607 | |
| Eastman Kodak Co. | † | | | 11,893 | | | | 35,203 | |
| Hasbro, Inc. | | | | 4,503 | | | | 109,153 | |
| Jakks Pacific, Inc. | * | | | 925 | | | | 11,868 | |
| Leapfrog Enterprises, Inc. | *† | | | 1,261 | | | | 2,888 | |
| Mattel, Inc. | † | | | 13,234 | | | | 212,406 | |
| Nautilus, Inc. | *† | | | 1,359 | | | | 1,536 | |
| Polaris Industries, Inc. | † | | | 1,858 | | | | 59,679 | |
| Pool Corp. | † | | | 2,434 | | | | 40,307 | |
| RC2 Corp. | * | | | 1,650 | | | | 21,829 | |
| Steinway Musical Instruments, Inc. | * | | | 683 | | | $ | 7,308 | |
| Sturm Ruger & Co., Inc. | † | | | 3,296 | | | | 41,002 | |
| | | | | | | | | | | | | | 581,691 | |
Life Sciences Tools & Services—0.6% |
| Accelrys, Inc. | * | | | 1,145 | | | | 6,767 | |
| Affymetrix, Inc. | * | | | 2,525 | | | | 14,973 | |
| Albany Molecular Research, Inc. | * | | | 1,371 | | | | 11,503 | |
| AMAG Pharmaceuticals, Inc. | *† | | | 834 | | | | 45,595 | |
| Bio-Rad Laboratories, Inc., Class A | *† | | | 623 | | | | 47,024 | |
| Bruker Corp. | * | | | 1,667 | | | | 15,436 | |
| Caliper Life Sciences, Inc. | *† | | | 867 | | | | 1,534 | |
| Cambrex Corp. | *† | | | 1,258 | | | | 5,183 | |
| Charles River Laboratories International, Inc. | *† | | | 2,755 | | | | 92,981 | |
| Clinical Data, Inc. | *† | | | 1,998 | | | | 22,018 | |
| Covance, Inc. | *† | | | 2,839 | | | | 139,679 | |
| Dionex Corp. | *† | | | 1,031 | | | | 62,922 | |
| Enzo Biochem, Inc. | * | | | 1,353 | | | | 5,994 | |
| eResearchTechnology, Inc. | * | | | 2,056 | | | | 12,768 | |
| Exelixis, Inc. | * | | | 2,695 | | | | 13,125 | |
| Illumina, Inc. | *† | | | 4,156 | | | | 161,835 | |
| Kendle International, Inc. | * | | | 1,316 | | | | 16,108 | |
| Life Technologies Corp. | * | | | 7,338 | | | | 306,141 | |
| Luminex Corp. | * | | | 1,070 | | | | 19,838 | |
| Mettler-Toledo International, Inc. (Switzerland) | *† | | | 913 | | | | 70,438 | |
| Millipore Corp. | * | | | 2,026 | | | | 142,245 | |
| Nektar Therapeutics | * | | | 2,368 | | | | 15,345 | |
| Ore Pharmaceuticals, Inc. | * | | | 190 | | | | 107 | |
| Parexel International Corp. | * | | | 2,306 | | | | 33,160 | |
| PerkinElmer, Inc. | | | | 5,266 | | | | 91,628 | |
| Pharmaceutical Product Development, Inc. | | | | 4,736 | | | | 109,970 | |
| Sequenom, Inc. | *† | | | 614 | | | | 2,401 | |
| Techne Corp. | † | | | 1,736 | | | | 110,774 | |
| Thermo Fisher Scientific, Inc. | * | | | 15,692 | | | | 639,763 | |
| Varian, Inc. | *† | | | 1,502 | | | | 59,224 | |
| Waters Corp. | * | | | 4,698 | | | | 241,806 | |
| | | | | | | | | | | | | | 2,518,285 | |
Machinery—1.8% |
| 3D Systems Corp. | *† | | | 1,158 | | | | 8,349 | |
| Actuant Corp., Class A | † | | | 2,022 | | | | 24,668 | |
| AGCO Corp. | * | | | 3,068 | | | | 89,187 | |
| Albany International Corp., Class A | | | | 1,437 | | | | 16,353 | |
| American Railcar Industries, Inc. | | | | 1,200 | | | | 9,912 | |
| Ampco-Pittsburgh Corp. | | | | 613 | | | | 14,375 | |
| Astec Industries, Inc. | *† | | | 821 | | | | 24,375 | |
| Badger Meter, Inc. | | | | 1,134 | | | | 46,494 | |
| Barnes Group, Inc. | † | | | 2,018 | | | | 23,994 | |
| Blount International, Inc. | *† | | | 1,532 | | | | 13,191 | |
| Briggs & Stratton Corp. | † | | | 1,822 | | | | 24,305 | |
| Bucyrus International, Inc. | | | | 2,860 | | | | 81,682 | |
| Caterpillar, Inc. | | | | 24,209 | | | | 799,865 | |
| Chart Industries, Inc. | * | | | 1,070 | | | | 19,453 | |
| CIRCOR International, Inc. | | | | 711 | | | | 16,787 | |
| CLARCOR, Inc. | † | | | 2,354 | | | | 68,713 | |
| Crane Co. | | | | 2,467 | | | | 55,039 | |
| Cummins, Inc. | | | | 7,020 | | | | 247,174 | |
| Danaher Corp. | | | | 9,574 | | | | 591,099 | |
| Deere & Co. | | | | 16,558 | | | | 661,492 | |
| Donaldson Co., Inc. | † | | | 3,810 | | | | 131,978 | |
See accompanying notes to financial statements.
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| Dover Corp. | | | | 7,805 | | | $ | 258,267 | |
| Eaton Corp. | | | | 5,791 | | | | 258,337 | |
| EnPro Industries, Inc. | *† | | | 981 | | | | 17,668 | |
| ESCO Technologies, Inc. | *† | | �� | 1,222 | | | | 54,746 | |
| Federal Signal Corp. | † | | | 2,159 | | | | 16,516 | |
| Flow International Corp. | * | | | 2,200 | | | | 5,170 | |
| Flowserve Corp. | | | | 2,375 | | | | 165,799 | |
| Force Protection, Inc. | * | | | 3,825 | | | | 33,813 | |
| FreightCar America, Inc. | † | | | 900 | | | | 15,129 | |
| Gardner Denver, Inc. | * | | | 1,836 | | | | 46,212 | |
| Graco, Inc. | | | | 2,883 | | | | 63,484 | |
| Harsco Corp. | | | | 3,646 | | | | 103,182 | |
| Hurco Cos., Inc. | * | | | 300 | | | | 4,689 | |
| IDEX Corp. | † | | | 3,304 | | | | 81,179 | |
| Illinois Tool Works, Inc. | | | | 16,615 | | | | 620,404 | |
| Ingersoll-Rand Co., Ltd., Class A (Bermuda) | *† | | | 1,340 | | | | 28,006 | |
| John Bean Technologies Corp. | | | | 1,164 | | | | 14,573 | |
| Joy Global, Inc. | | | | 4,599 | | | | 164,276 | |
| Kadant, Inc. | * | | | 721 | | | | 8,140 | |
| Kaydon Corp. | † | | | 1,422 | | | | 46,300 | |
| Kennametal, Inc. | | | | 3,196 | | | | 61,299 | |
| Lincoln Electric Holdings, Inc. | † | | | 1,877 | | | | 67,647 | |
| Lindsay Corp. | † | | | 808 | | | | 26,745 | |
| Manitowoc Co., Inc. (The) | † | | | 5,044 | | | | 26,531 | |
| Middleby Corp. | *† | | | 984 | | | | 43,217 | |
| Mueller Industries, Inc. | | | | 1,592 | | | | 33,114 | |
| Mueller Water Products, Inc., Class A | | | | 3,000 | | | | 11,220 | |
| NACCO Industries, Inc., Class A | | | | 309 | | | | 8,874 | |
| Navistar International Corp. | * | | | 2,436 | | | | 106,210 | |
| Nordson Corp. | † | | | 1,522 | | | | 58,841 | |
| Oshkosh Corp. | | | | 2,868 | | | | 41,701 | |
| PACCAR, Inc. | † | | | 14,853 | | | | 482,871 | |
| Pall Corp. | | | | 5,186 | | | | 137,740 | |
| Parker Hannifin Corp. | | | | 7,453 | | | | 320,181 | |
| Pentair, Inc. | | | | 3,618 | | | | 92,693 | |
| Robbins & Myers, Inc. | † | | | 1,736 | | | | 33,418 | |
| Sauer-Danfoss, Inc. | | | | 1,531 | | | | 9,385 | |
| SPX Corp. | | | | 2,157 | | | | 105,628 | |
| Tecumseh Products Co., Class A | * | | | 712 | | | | 6,914 | |
| Tennant Co. | | | | 1,280 | | | | 23,539 | |
| Terex Corp. | * | | | 4,124 | | | | 49,777 | |
| Timken Co. | | | | 3,702 | | | | 63,230 | |
| Titan International, Inc. | † | | | 1,356 | | | | 10,129 | |
| Toro Co. | † | | | 1,020 | | | | 30,498 | |
| Trinity Industries, Inc. | † | | | 3,051 | | | | 41,555 | |
| Valmont Industries, Inc. | | | | 1,162 | | | | 83,757 | |
| Wabash National Corp. | † | | | 1,395 | | | | 977 | |
| Wabtec Corp. | † | | | 1,737 | | | | 55,879 | |
| Watts Water Technologies, Inc., Class A | | | | 1,225 | | | | 26,387 | |
| | | | | | | | | | | | | | 7,034,332 | |
Marine—0.0% |
| Alexander & Baldwin, Inc. | | | | 1,466 | | | | 34,363 | |
| American Commercial Lines, Inc. | *† | | | 500 | | | | 7,740 | |
| Eagle Bulk Shipping, Inc. | † | | | 3,648 | | | | 17,109 | |
| Excel Maritime Carriers Ltd. (Greece) | † | | | 2,810 | | | | 18,912 | |
| Genco Shipping & Trading Ltd. | † | | | 2,042 | | | | 44,352 | |
| Horizon Lines, Inc., Class A | † | | | 2,035 | | | $ | 7,855 | |
| Kirby Corp. | * | | | 2,358 | | | | 74,961 | |
| | | | | | | | | | | | | | 205,292 | |
Media—2.5% |
| 4Kids Entertainment, Inc. | *† | | | 605 | | | | 1,264 | |
| A.H. Belo Corp., Class A | † | | | 944 | | | | 925 | |
| Alloy, Inc. | * | | | 462 | | | | 2,444 | |
| Arbitron, Inc. | | | | 1,298 | | | | 20,625 | |
| Ascent Media Corp., Class A | * | | | 545 | | | | 14,486 | |
| Belo Corp., Class A | | | | 4,721 | | | | 8,451 | |
| Cablevision Systems Corp., Class A | | | | 9,044 | | | | 175,544 | |
| CBS Corp., Class B | | | | 25,719 | | | | 177,975 | |
| CKX, Inc. | * | | | 1,800 | | | | 12,762 | |
| Clear Channel Outdoor Holdings, Inc., Class A | * | | | 2,500 | | | | 13,250 | |
| Comcast Corp., Class A | | | | 109,481 | | | | 1,586,380 | |
| Crown Media Holdings, Inc., Class A | *† | | | 5,899 | | | | 9,851 | |
| Cumulus Media, Inc., Class A | * | | | 2,174 | | | | 2,022 | |
| DIRECTV Group, Inc. (The) | *† | | | 19,035 | | | | 470,355 | |
| Discovery Communications, Inc., Series A | * | | | 5,451 | | | | 122,920 | |
| Discovery Communications, Inc., Series C | * | | | 5,451 | | | | 111,909 | |
| DISH Network Corp., Class A | * | | | 9,386 | | | | 152,147 | |
| DreamWorks Animation SKG, Inc., Class A | *† | | | 1,300 | | | | 35,867 | |
| E.W. Scripps Co., (The), Class A | | | | 1,204 | | | | 2,516 | |
| EDCI Holdings, Inc. | * | | | 214 | | | | 1,123 | |
| Emmis Communications Corp., Class A | * | | | 1,175 | | | | 352 | |
| Entercom Communications Corp., Class A | † | | | 2,183 | | | | 3,340 | |
| Entravision Communications Corp., Class A | * | | | 2,852 | | | | 1,369 | |
| Gannett Co., Inc. | † | | | 7,301 | | | | 26,065 | |
| Gray Television, Inc. | † | | | 1,838 | | | | 901 | |
| Harris Interactive, Inc. | * | | | 2,730 | | | | 1,119 | |
| Harte-Hanks, Inc. | | | | 3,119 | | | | 28,851 | |
| Image Entertainment, Inc. | *† | | | 299 | | | | 293 | |
| Interactive Data Corp. | | | | 1,521 | | | | 35,196 | |
| Interpublic Group of Cos., Inc. | * | | | 17,203 | | | | 86,875 | |
| John Wiley & Sons, Inc., Class A | † | | | 2,491 | | | | 82,826 | |
| Journal Communications, Inc., Class A | † | | | 3,900 | | | | 4,095 | |
| Lamar Advertising Co., Class A | *† | | | 3,479 | | | | 53,124 | |
| Lee Enterprises, Inc. | † | | | 1,973 | | | | 1,046 | |
| Liberty Global, Inc., Series A | *† | | | 13,426 | | | | 213,339 | |
| Liberty Media Corp. - Capital, Series A | * | | | 5,451 | | | | 73,916 | |
| Liberty Media Corp. - Entertainment, Series A | *† | | | 21,804 | | | | 583,257 | |
| LIN TV Corp., Class A | * | | | 1,419 | | | | 2,384 | |
| Live Nation, Inc. | * | | | 2,705 | | | | 13,146 | |
| LodgeNet Interactive Corp. | * | | | 1,250 | | | | 4,250 | |
| Marvel Entertainment, Inc. | *† | | | 1,469 | | | | 52,282 | |
| McClatchy Co. (The), Class A | | | | 2,444 | | | | 1,222 | |
| McGraw-Hill Cos., Inc. (The) | | | | 13,196 | | | | 397,332 | |
| Media General, Inc., Class A | † | | | 952 | | | | 2,009 | |
| Mediacom Communications Corp., Class A | * | | | 3,433 | | | | 17,543 | |
| Meredith Corp. | | | | 2,083 | | | | 53,221 | |
| National CineMedia, Inc. | | | | 2,226 | | | | 30,630 | |
| New Frontier Media, Inc. | * | | | 3,808 | | | | 9,139 | |
See accompanying notes to financial statements.
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| New York Times Co. (The), Class A | † | | | 5,682 | | | $ | 31,308 | |
| News Corp., Class A | | | | 91,998 | | | | 838,102 | |
| Omnicom Group, Inc. | | | | 12,710 | | | | 401,382 | |
| Playboy Enterprises, Inc., Class B | * | | | 1,251 | | | | 3,140 | |
| Primedia, Inc. | † | | | 1,475 | | | | 2,965 | |
| Radio One, Inc., Class A | *† | | | 4,327 | | | | 3,029 | |
| Radio Unica Communications Corp. | *‡δ | | | 1,900 | | | | — | |
| RCN Corp. | *† | | | 2,597 | | | | 15,504 | |
| Regal Entertainment Group, Class A | | | | 2,743 | | | | 36,454 | |
| Regent Communications, Inc. | * | | | 1,600 | | | | 355 | |
| Salem Communications Corp., Class A | * | | | 850 | | | | 816 | |
| Scholastic Corp. | † | | | 1,845 | | | | 36,513 | |
| Scripps Networks Interactive, Inc., Class A | | | | 3,612 | | | | 100,522 | |
| Sinclair Broadcast Group, Inc., Class A | † | | | 2,049 | | | | 3,975 | |
| Sirius XM Radio, Inc. | *† | | | 88,505 | | | | 38,057 | |
| Time Warner Cable, Inc. | | | | 13,815 | | | | 437,521 | |
| Time Warner, Inc. | | | | 47,696 | | | | 1,201,462 | |
| Valassis Communications, Inc. | *† | | | 2,236 | | | | 13,662 | |
| Value Line, Inc. | | | | 573 | | | | 18,834 | |
| Viacom, Inc., Class B | * | | | 22,554 | | | | 511,976 | |
| Virgin Media, Inc. | | | | 10,479 | | | | 97,979 | |
| Walt Disney Co. (The) | | | | 68,450 | | | | 1,596,938 | |
| Washington Post Co. (The), Class B | | | | 258 | | | | 90,862 | |
| World Wrestling Entertainment, Inc., Class A | † | | | 1,030 | | | | 12,937 | |
| | | | | | | | | | | | | | 10,196,231 | |
Metals & Mining—0.9% |
| AK Steel Holding Corp. | | | | 5,009 | | | | 96,123 | |
| Alcoa, Inc. | † | | | 32,213 | | | | 332,760 | |
| Allegheny Technologies, Inc. | † | | | 3,350 | | | | 117,016 | |
| AMCOL International Corp. | | | | 1,186 | | | | 25,594 | |
| Brush Engineered Materials, Inc. | *† | | | 1,122 | | | | 18,794 | |
| Carpenter Technology Corp. | | | | 1,882 | | | | 39,164 | |
| Century Aluminum Co. | *† | | | 865 | | | | 5,389 | |
| Cliffs Natural Resources, Inc. | | | | 4,072 | | | | 99,642 | |
| Coeur d’Alene Mines Corp. | *† | | | 2,145 | | | | 26,384 | |
| Commercial Metals Co. | | | | 4,080 | | | | 65,402 | |
| Compass Minerals International, Inc. | | | | 1,915 | | | | 105,153 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 15,687 | | | | 786,076 | |
| Hecla Mining Co. | *† | | | 4,124 | | | | 11,052 | |
| Newmont Mining Corp. | | | | 17,560 | | | | 717,677 | |
| Nucor Corp. | | | | 10,763 | | | | 478,200 | |
| Reliance Steel & Aluminum Co. | | | | 2,966 | | | | 113,865 | |
| Rock of Ages Corp. | * | | | 1,387 | | | | 2,864 | |
| Royal Gold, Inc. | † | | | 1,153 | | | | 48,080 | |
| RTI International Metals, Inc. | * | | | 1,363 | | | | 24,084 | |
| Schnitzer Steel Industries, Inc., Class A | | | | 693 | | | | 36,632 | |
| Southern Copper Corp. | † | | | 8,700 | | | | 177,828 | |
| Steel Dynamics, Inc. | | | | 8,080 | | | | 119,018 | |
| Stillwater Mining Co. | *† | | | 3,727 | | | | 21,281 | |
| Titanium Metals Corp. | | | | 5,344 | | | | 49,111 | |
| United States Steel Corp. | † | | | 4,607 | | | | 164,654 | |
| Walter Energy, Inc. | | | | 1,640 | | | $ | 59,434 | |
| Worthington Industries, Inc. | | | | 3,575 | | | | 45,724 | |
| | | | | | | | | | | | | | 3,787,001 | |
Multiline Retail—0.7% |
| 99 Cents Only Stores | *† | | | 3,207 | | | | 43,551 | |
| Big Lots, Inc. | * | | | 3,509 | | | | 73,794 | |
| Dillard’s, Inc., Class A | † | | | 3,454 | | | | 31,777 | |
| Dollar Tree, Inc. | * | | | 3,266 | | | | 137,498 | |
| Family Dollar Stores, Inc. | | | | 6,556 | | | | 185,535 | |
| Fred’s, Inc., Class A | † | | | 1,781 | | | | 22,441 | |
| J.C. Penney Co., Inc. | | | | 7,928 | | | | 227,613 | |
| Kohl’s Corp. | * | | | 11,086 | | | | 473,926 | |
| Macy’s, Inc. | | | | 16,688 | | | | 196,251 | |
| Nordstrom, Inc. | † | | | 6,901 | | | | 137,261 | |
| Retail Ventures, Inc. | * | | | 1,372 | | | | 2,991 | |
| Saks, Inc. | *† | | | 5,811 | | | | 25,743 | |
| Sears Holdings Corp. | *† | | | 2,519 | | | | 167,564 | |
| Target Corp. | | | | 27,222 | | | | 1,074,452 | |
| Tuesday Morning Corp. | * | | | 1,816 | | | | 6,120 | |
| | | | | | | | | | | | | | 2,806,517 | |
Multi-Utilities—1.3% |
| Alliant Energy Corp. | | | | 4,491 | | | | 117,350 | |
| Ameren Corp. | | | | 8,429 | | | | 209,798 | |
| Avista Corp. | | | | 1,759 | | | | 31,328 | |
| Black Hills Corp. | | | | 2,041 | | | | 46,923 | |
| Centerpoint Energy, Inc. | | | | 12,705 | | | | 140,771 | |
| CH Energy Group, Inc. | † | | | 694 | | | | 32,410 | |
| CMS Energy Corp. | | | | 6,681 | | | | 80,706 | |
| Consolidated Edison, Inc. | † | | | 10,767 | | | | 402,901 | |
| Dominion Resources, Inc. | | | | 22,974 | | | | 767,791 | |
| DTE Energy Co. | | | | 6,985 | | | | 223,520 | |
| Integrys Energy Group, Inc. | | | | 2,691 | | | | 80,703 | |
| MDU Resources Group, Inc. | | | | 7,657 | | | | 145,253 | |
| NiSource, Inc. | | | | 10,893 | | | | 127,012 | |
| NorthWestern Corp. | | | | 1,449 | | | | 32,979 | |
| NSTAR | | | | 4,374 | | | | 140,449 | |
| OGE Energy Corp. | | | | 3,358 | | | | 95,099 | |
| PG&E Corp. | | | | 13,709 | | | | 526,974 | |
| PNM Resources, Inc. | | | | 2,169 | | | | 23,230 | |
| Public Service Enterprise Group, Inc. | | | | 19,514 | | | | 636,742 | |
| SCANA Corp. | | | | 4,791 | | | | 155,564 | |
| Sempra Energy | | | | 8,687 | | | | 431,136 | |
| TECO Energy, Inc. | | | | 7,797 | | | | 93,018 | |
| Vectren Corp. | † | | | 3,706 | | | | 86,832 | |
| Wisconsin Energy Corp. | | | | 4,564 | | | | 185,800 | |
| Xcel Energy, Inc. | | | | 16,552 | | | | 304,722 | |
| | | | | | | | | | | | | | 5,119,011 | |
Office Electronics—0.1% |
| Xerox Corp. | | | | 36,218 | | | | 234,693 | |
| Zebra Technologies Corp., Class A | *† | | | 2,988 | | | | 70,696 | |
| | | | | | | | | | | | | | 305,389 | |
Oil, Gas & Consumable Fuels—9.6% |
| Adams Resources & Energy, Inc. | | | | 1,462 | | | | 25,073 | |
| Alpha Natural Resources, Inc. | *† | | | 2,447 | | | | 64,283 | |
| Anadarko Petroleum Corp. | | | | 19,246 | | | | 873,576 | |
| Apache Corp. | | | | 12,742 | | | | 919,335 | |
| APCO Argentina, Inc. | | | | 2,488 | | | | 47,844 | |
| Arch Coal, Inc. | † | | | 5,284 | | | | 81,215 | |
| Arena Resources, Inc. | *† | | | 1,202 | | | | 38,284 | |
| Atlas America, Inc. | † | | | 2,578 | | | | 46,069 | |
See accompanying notes to financial statements.
216
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COMMON STOCKS—(Continued) |
| Atlas Pipeline Partners LP | | | | 3,772 | | | $ | 30,025 | |
| ATP Oil & Gas Corp. | *† | | | 685 | | | | 4,768 | |
| Berry Petroleum Co., Class A | † | | | 2,902 | | | | 53,948 | |
| Blue Dolphin Energy Co. | * | | | 3,650 | | | | 1,533 | |
| BP Prudhoe Bay Royalty Trust | | | | 1,105 | | | | 76,245 | |
| BPZ Resources, Inc. | *† | | | 4,003 | | | | 19,575 | |
| BreitBurn Energy Partners LP | | | | 2,728 | | | | 20,951 | |
| Buckeye Partners LP | | | | 1,400 | | | | 59,962 | |
| Cabot Oil & Gas Corp. | | | | 4,548 | | | | 139,351 | |
| Callon Petroleum Co. | * | | | 779 | | | | 1,542 | |
| Carrizo Oil & Gas, Inc. | *† | | | 1,800 | | | | 30,870 | |
| Chesapeake Energy Corp. | | | | 24,112 | | | | 478,141 | |
| Chevron Corp. | | | | 79,067 | | | | 5,238,189 | |
| Cimarex Energy Co. | † | | | 2,681 | | | | 75,980 | |
| Clayton Williams Energy, Inc. | * | | | 550 | | | | 10,378 | |
| CNX Gas Corp. | * | | | 1,100 | | | | 28,897 | |
| Comstock Resources, Inc. | * | | | 1,735 | | | | 57,342 | |
| Concho Resources, Inc. | * | | | 1,982 | | | | 56,864 | |
| ConocoPhillips | | | | 51,783 | | | | 2,177,993 | |
| Consol Energy, Inc. | | | | 7,462 | | | | 253,410 | |
| Contango Oil & Gas Co. | * | | | 902 | | | | 38,326 | |
| Copano Energy LLC | | | | 2,400 | | | | 38,520 | |
| Cross Timbers Royalty Trust | | | | 575 | | | | 14,318 | |
| Crosstex Energy LP | | | | 2,434 | | | | 7,618 | |
| Crosstex Energy, Inc. | | | | 2,100 | | | | 8,736 | |
| CVR Energy, Inc. | * | | | 5,235 | | | | 38,373 | |
| DCP Midstream Partners LP | | | | 2,517 | | | | 54,493 | |
| Delta Petroleum Corp. | * | | | 2,709 | | | | 5,228 | |
| Denbury Resources, Inc. | * | | | 8,932 | | | | 131,568 | |
| Devon Energy Corp. | | | | 16,306 | | | | 888,677 | |
| DHT Maritime, Inc. (Jersey, Channel Islands) | | | | 4,173 | | | | 21,741 | |
| Dorchester Minerals LP | | | | 2,200 | | | | 50,248 | |
| Duncan Energy Partners LP | | | | 1,643 | | | | 26,567 | |
| El Paso Corp. | | | | 25,233 | | | | 232,901 | |
| Enbridge Energy Management LLC | * | | | 1,518 | | | | 55,027 | |
| Enbridge Energy Partners LP | | | | 1,775 | | | | 68,480 | |
| Encore Acquisition Co. | *† | | | 2,062 | | | | 63,613 | |
| Encore Energy Partners LP | | | | 1,940 | | | | 27,742 | |
| Energy Transfer Equity LP | | | | 6,038 | | | | 153,184 | |
| Energy Transfer Partners LP | | | | 2,777 | | | | 112,441 | |
| Enterprise Products Partners LP | | | | 11,808 | | | | 294,492 | |
| EOG Resources, Inc. | | | | 9,358 | | | | 635,595 | |
| Evergreen Energy, Inc. | * | | | 4,989 | | | | 4,889 | |
| EXCO Resources, Inc. | * | | | 8,720 | | | | 112,662 | |
| Exxon Mobil Corp. | | | | 194,231 | | | | 13,578,689 | |
| Forest Oil Corp. | *† | | | 3,820 | | | | 56,994 | |
| Foundation Coal Holdings, Inc. | | | | 2,560 | | | | 71,962 | |
| Frontier Oil Corp. | † | | | 4,576 | | | | 59,991 | |
| FX Energy, Inc. | * | | | 3,496 | | | | 13,250 | |
| General Maritime Corp. | † | | | 2,541 | | | | 25,130 | |
| Genesis Energy LP | | | | 2,205 | | | | 28,048 | |
| GMX Resources, Inc. | *† | | | 1,297 | | | | 13,800 | |
| Goodrich Petroleum Corp. | *† | | | 1,566 | | | | 38,508 | |
| Hess Corp. | | | | 10,910 | | | | 586,412 | |
| Holly Corp. | † | | | 1,972 | | | | 35,457 | |
| Holly Energy Partners LP | | | | 960 | | | | 30,480 | |
| Hugoton Royalty Trust | | | | 1,669 | | | | 24,100 | |
| Inergy LP | | | | 1,700 | | | | 43,333 | |
| International Coal Group, Inc. | *† | | | 4,900 | | | | 14,014 | |
| James River Coal Co. | * | | | 1,500 | | | | 22,695 | |
| Kinder Morgan Energy Partners LP | | | | 5,910 | | | | 302,119 | |
| Kinder Morgan Management LLC | * | | | 2,249 | | | | 101,587 | |
| K-Sea Transportation Partners LP | | | | 1,467 | | | $ | 28,768 | |
| Linn Energy LLC | | | | 3,543 | | | | 69,337 | |
| Magellan Midstream Holdings LP | | | | 2,293 | | | | 48,107 | |
| Magellan Midstream Partners LP | | | | 2,000 | | | | 69,520 | |
| Marathon Oil Corp. | | | | 28,613 | | | | 862,110 | |
| Mariner Energy, Inc. | * | | | 3,261 | | | | 38,317 | |
| MarkWest Energy Partners LP | | | | 3,584 | | | | 65,229 | |
| Massey Energy Co. | | | | 3,053 | | | | 59,656 | |
| McMoRan Exploration Co. | * | | | 2,961 | | | | 17,648 | |
| Meridian Resource Corp. | *† | | | 2,950 | | | | 1,032 | |
| Murphy Oil Corp. | † | | | 7,512 | | | | 408,052 | |
| Natural Resource Partners LP | | | | 2,000 | | | | 42,100 | |
| Newfield Exploration Co. | * | | | 5,246 | | | | 171,387 | |
| Noble Energy, Inc. | | | | 6,772 | | | | 399,345 | |
| NuStar Energy LP | | | | 1,500 | | | | 81,045 | |
| NuStar GP Holdings LLC | | | | 1,450 | | | | 33,495 | |
| Occidental Petroleum Corp. | | | | 31,813 | | | | 2,093,614 | |
| ONEOK Partners LP | | | | 1,650 | | | | 75,553 | |
| Overseas Shipholding Group, Inc. | † | | | 1,587 | | | | 54,021 | |
| Parallel Petroleum Corp. | * | | | 2,700 | | | | 5,238 | |
| Patriot Coal Corp. | *† | | | 2,992 | | | | 19,089 | |
| Peabody Energy Corp. | | | | 10,424 | | | | 314,388 | |
| Penn Virginia Corp. | | | | 1,433 | | | | 23,458 | |
| Penn Virginia Resource Partners LP | | | | 1,600 | | | | 21,712 | |
| PetroHawk Energy Corp. | * | | | 9,713 | | | | 216,600 | |
| Petroleum Development Corp. | * | | | 1,250 | | | | 19,612 | |
| Petroquest Energy, Inc. | *† | | | 3,346 | | | | 12,347 | |
| Pioneer Natural Resources Co. | | | | 5,801 | | | | 147,925 | |
| Plains All American Pipeline LP | | | | 3,917 | | | | 166,668 | |
| Plains Exploration & Production Co. | * | | | 5,227 | | | | 143,011 | |
| Quicksilver Resources, Inc. | *† | | | 3,960 | | | | 36,788 | |
| Range Resources Corp. | † | | | 5,516 | | | | 228,418 | |
| Regency Energy Partners LP | | | | 3,215 | | | | 46,810 | |
| Rentech, Inc. | *† | | | 7,800 | | | | 4,446 | |
| Rosetta Resources, Inc. | *† | | | 3,400 | | | | 29,750 | |
| SandRidge Energy, Inc. | *† | | | 3,220 | | | | 27,434 | |
| Ship Finance International Ltd. (Bermuda) | † | | | 3,352 | | | | 36,973 | |
| Southern Union Co. | | | | 3,367 | | | | 61,919 | |
| Southwestern Energy Co. | * | | | 12,144 | | | | 471,794 | |
| Spectra Energy Corp. | | | | 23,691 | | | | 400,852 | |
| St. Mary Land & Exploration Co. | | | | 2,262 | | | | 47,208 | |
| Stone Energy Corp. | * | | | 1,208 | | | | 8,963 | |
| Sunoco Logistics Partners LP | | | | 950 | | | | 51,509 | |
| Sunoco, Inc. | | | | 5,446 | | | | 126,347 | |
| Swift Energy Co. | * | | | 1,142 | | | | 19,014 | |
| Syntroleum Corp. | *† | | | 1,246 | | | | 2,754 | |
| Targa Resources Partners LP | | | | 2,566 | | | | 35,590 | |
| TC Pipelines LP | | | | 1,100 | | | | 38,269 | |
| Teekay Corp. (Canada) | | | | 1,691 | | | | 35,562 | |
| Teekay LNG Partners LP (Bahamas) | † | | | 1,455 | | | | 28,372 | |
| TEPPCO Partners LP | | | | 2,500 | | | | 74,650 | |
| Tesoro Corp. | † | | | 6,846 | | | | 87,150 | |
| Ultra Petroleum Corp. | * | | | 6,082 | | | | 237,198 | |
| USEC, Inc. | *† | | | 7,347 | | | | 39,086 | |
| Vaalco Energy, Inc. | * | | | 3,800 | | | | 16,074 | |
| Valero Energy Corp. | | | | 21,104 | | | | 356,447 | |
| Verenium Corp. | * | | | 1,790 | | | | 1,360 | |
| Warren Resources, Inc. | * | | | 3,600 | | | | 8,820 | |
| Western Refining, Inc. | *† | | | 2,500 | | | | 17,650 | |
See accompanying notes to financial statements.
217
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COMMON STOCKS—(Continued) |
| Whiting Petroleum Corp. | * | | | 1,242 | | | $ | 43,669 | |
| Williams Cos., Inc. (The) | | | | 24,207 | | | | 377,871 | |
| Williams Partners LP | | | | 1,275 | | | | 23,026 | |
| Williams Pipeline Partners LP | | | | 1,747 | | | | 31,551 | |
| World Fuel Services Corp. | † | | | 960 | | | | 39,581 | |
| XTO Energy, Inc. | | | | 21,704 | | | | 827,791 | |
| | | | | | | | | | | | | | 38,672,731 | |
Paper & Forest Products—0.2% |
| Buckeye Technologies, Inc. | * | | | 1,251 | | | | 5,617 | |
| Clearwater Paper Corp. | *† | | | 462 | | | | 11,684 | |
| Deltic Timber Corp. | † | | | 724 | | | | 25,680 | |
| Domtar Corp. (Canada) | * | | | 1,388 | | | | 23,013 | |
| Glatfelter | | | | 1,740 | | | | 15,486 | |
| International Paper Co. | | | | 14,370 | | | | 217,418 | |
| Louisiana-Pacific Corp. | *† | | | 4,396 | | | | 15,035 | |
| MeadWestvaco Corp. | | | | 6,398 | | | | 104,991 | |
| Neenah Paper, Inc. | | | | 652 | | | | 5,744 | |
| Schweitzer-Mauduit International, Inc. | | | | 724 | | | | 19,700 | |
| Wausau Paper Corp. | | | | 1,903 | | | | 12,788 | |
| Weyerhaeuser Co. | | | | 8,921 | | | | 271,466 | |
| | | | | | | | | | | | | | 728,622 | |
Personal Products—0.2% |
| Alberto-Culver Co. | | | | 3,659 | | | | 93,048 | |
| Avon Products, Inc. | | | | 17,888 | | | | 461,153 | |
| Chattem, Inc. | *† | | | 872 | | | | 59,383 | |
| Elizabeth Arden, Inc. | * | | | 1,017 | | | | 8,878 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 3,747 | | | | 122,415 | |
| Herbalife Ltd. (Cayman Islands) | | | | 848 | | | | 26,746 | |
| Mead Johnson Nutrition Co., Class A | * | | | 1,182 | | | | 37,552 | |
| Medifast, Inc. | *† | | | 734 | | | | 8,412 | |
| NBTY, Inc. | *† | | | 2,664 | | | | 74,912 | |
| Nu Skin Enterprises, Inc., Class A | | | | 3,018 | | | | 46,175 | |
| USANA Health Sciences, Inc. | *† | | | 593 | | | | 17,630 | |
| | | | | | | | | | | | | | 956,304 | |
Pharmaceuticals—6.0% |
| Abbott Laboratories | | | | 60,081 | | | | 2,826,210 | |
| Adolor Corp. | * | | | 1,927 | | | | 3,392 | |
| Allergan, Inc. | | | | 11,928 | | | | 567,534 | |
| AVANIR Pharmaceuticals, Inc., Class A | *† | | | 1,500 | | | | 3,330 | |
| Bristol-Myers Squibb Co. | | | | 79,233 | | | | 1,609,222 | |
| Columbia Laboratories, Inc. | *† | | | 1,819 | | | | 2,074 | |
| CPEX Pharmaceuticals, Inc. | * | | | 71 | | | | 709 | |
| Cypress Bioscience, Inc. | * | | | 1,560 | | | | 14,695 | |
| Discovery Laboratories, Inc. | *† | | | 2,566 | | | | 2,643 | |
| Durect Corp. | * | | | 1,900 | | | | 4,522 | |
| Eli Lilly & Co. | | | | 37,735 | | | | 1,307,140 | |
| Emisphere Technologies, Inc. | *† | | | 772 | | | | 787 | |
| Endo Pharmaceuticals Holdings, Inc. | * | | | 4,151 | | | | 74,386 | |
| Forest Laboratories, Inc. | * | | | 12,889 | | | | 323,643 | |
| Heska Corp. | * | | | 4,462 | | | | 1,651 | |
| Hi-Tech Pharmacal Co., Inc. | * | | | 862 | | | | 7,672 | |
| Hollis-Eden Pharmaceuticals, Inc. | * | | | 954 | | | | 477 | |
| Inspire Pharmaceuticals, Inc. | * | | | 1,369 | | | | 7,612 | |
| Johnson & Johnson | | | | 108,884 | | | | 6,184,611 | |
| King Pharmaceuticals, Inc. | * | | | 10,009 | | | | 96,387 | |
| KV Pharmaceutical Co., Class A | *† | | | 2,179 | | | $ | 6,995 | |
| MDRNA, Inc. | *† | | | 1,500 | | | | 2,070 | |
| Medicines Co. (The) | * | | | 2,018 | | | | 16,931 | |
| Medicis Pharmaceutical Corp., Class A | | | | 2,422 | | | | 39,527 | |
| Merck & Co., Inc. | | | | 84,955 | | | | 2,375,342 | |
| Mylan, Inc. | *† | | | 10,732 | | | | 140,053 | |
| Noven Pharmaceuticals, Inc. | *† | | | 1,350 | | | | 19,305 | |
| Optimer Pharmaceuticals, Inc. | * | | | 2,592 | | | | 38,802 | |
| Pain Therapeutics, Inc. | * | | | 1,318 | | | | 7,078 | |
| Par Pharmaceutical Cos., Inc. | *† | | | 1,362 | | | | 20,634 | |
| Penwest Pharmaceuticals Co. | * | | | 930 | | | | 2,650 | |
| Perrigo Co. | | | | 2,922 | | | | 81,173 | |
| Pfizer, Inc. | | | | 266,021 | | | | 3,990,315 | |
| Pozen, Inc. | * | | | 1,014 | | | | 7,788 | |
| Questcor Pharmaceuticals, Inc. | *† | | | 4,217 | | | | 21,085 | |
| Salix Pharmaceuticals Ltd. | *† | | | 2,346 | | | | 23,155 | |
| Schering-Plough Corp. | | | | 63,836 | | | | 1,603,560 | |
| Sepracor, Inc. | * | | | 4,575 | | | | 79,239 | |
| SuperGen, Inc. | *† | | | 1,338 | | | | 2,689 | |
| Valeant Pharmaceuticals International | *† | | | 3,473 | | | | 89,326 | |
| Viropharma, Inc. | * | | | 4,061 | | | | 24,082 | |
| Vivus, Inc. | * | | | 1,400 | | | | 8,512 | |
| Watson Pharmaceuticals, Inc. | * | | | 4,480 | | | | 150,931 | |
| Wyeth | | | | 52,091 | | | | 2,364,410 | |
| XenoPort, Inc. | * | | | 1,939 | | | | 44,927 | �� |
| | | | | | | | | | | | | | 24,199,276 | |
Professional Services—0.3% |
| Administaff, Inc. | † | | | 1,143 | | | | 26,598 | |
| Advisory Board Co. (The) | * | | | 950 | | | | 24,415 | |
| Barrett Business Services, Inc. | | | | 2,203 | | | | 23,132 | |
| CDI Corp. | | | | 1,131 | | | | 12,611 | |
| Corporate Executive Board Co. (The) | † | | | 1,507 | | | | 31,285 | |
| CoStar Group, Inc. | * | | | 770 | | | | 30,700 | |
| CRA International, Inc. | * | | | 986 | | | | 27,371 | |
| Diamond Management & Technology Consultants, Inc. | | | | 1,431 | | | | 6,010 | |
| Dun & Bradstreet Corp. | | | | 2,641 | | | | 214,476 | |
| Equifax, Inc. | | | | 5,325 | | | | 138,983 | |
| FTI Consulting, Inc. | * | | | 1,735 | | | | 87,999 | |
| Heidrick & Struggles International, Inc. | † | | | 865 | | | | 15,786 | |
| Huron Consulting Group, Inc. | *† | | | 988 | | | | 45,675 | |
| IHS, Inc., Class A | * | | | 1,414 | | | | 70,516 | |
| Kelly Services, Inc., Class A | | | | 1,173 | | | | 12,844 | |
| Kforce, Inc. | *† | | | 297 | | | | 2,456 | |
| Korn/Ferry International | *† | | | 1,624 | | | | 17,279 | |
| Manpower, Inc. | | | | 3,593 | | | | 152,128 | |
| Monster Worldwide, Inc. | *† | | | 4,681 | | | | 55,283 | |
| MPS Group, Inc. | * | | | 3,706 | | | | 28,314 | |
| Navigant Consulting, Inc. | *† | | | 2,313 | | | | 29,884 | |
| On Assignment, Inc. | *† | | | 1,243 | | | | 4,860 | |
| RCM Technologies, Inc. | * | | | 1,593 | | | | 3,537 | |
| Resources Connection, Inc. | * | | | 2,060 | | | | 35,370 | |
| Robert Half International, Inc. | † | | | 7,107 | | | | 167,867 | |
| School Specialty, Inc. | *† | | | 854 | | | | 17,259 | |
| Spherion Corp. | * | | | 2,689 | | | | 11,079 | |
| TrueBlue, Inc. | * | | | 2,485 | | | | 20,874 | |
| Volt Information Sciences, Inc. | * | | | 1,249 | | | | 7,831 | |
| Watson Wyatt Worldwide, Inc., Class A | | | | 1,600 | | | | 60,048 | |
| | | | | | | | | | | | | | 1,382,470 | |
See accompanying notes to financial statements.
218
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COMMON STOCKS—(Continued) |
Real Estate Investment Trusts (REITs)—1.7% |
| Acadia Realty Trust REIT | † | | | 1,368 | | | $ | 17,852 | |
| Agree Realty Corp. REIT | | | | 814 | | | | 14,921 | |
| Alesco Financial, Inc. REIT | *† | | | 4,213 | | | | 3,328 | |
| Alexander’s, Inc. REIT | | | | 78 | | | | 21,029 | |
| Alexandria Real Estate Equities, Inc. REIT | † | | | 1,245 | | | | 44,558 | |
| AMB Property Corp. REIT | † | | | 6,265 | | | | 117,845 | |
| American Campus Communities, Inc. REIT | | | | 1,699 | | | | 37,684 | |
| Annaly Capital Management, Inc. REIT | | | | 21,591 | | | | 326,888 | |
| Anthracite Capital, Inc. REIT | † | | | 1,100 | | | | 682 | |
| Anworth Mortgage Asset Corp. REIT | | | | 8,261 | | | | 59,562 | |
| Apartment Investment & Management Co., Class A REIT | | | | 5,659 | | | | 50,082 | |
| Arlington Asset Investment Corp., Class A REIT | *† | | | 6,080 | | | | 2,310 | |
| Ashford Hospitality Trust, Inc. REIT | | | | 4,200 | | | | 11,802 | |
| AvalonBay Communities, Inc. REIT | † | | | 3,214 | | | | 179,791 | |
| BioMed Realty Trust, Inc. REIT | † | | | 1,400 | | | | 14,322 | |
| Boston Properties, Inc. REIT | † | | | 4,700 | | | | 224,190 | |
| Brandywine Realty Trust REIT | | | | 6,105 | | | | 45,482 | |
| BRE Properties, Inc. REIT | | | | 2,433 | | | | 57,808 | |
| BRT Realty Trust REIT | | | | 355 | | | | 1,597 | |
| Camden Property Trust REIT | † | | | 2,058 | | | | 56,801 | |
| Capital Trust, Inc., Class A REIT | † | | | 523 | | | | 758 | |
| Capstead Mortgage Corp. REIT | | | | 2,400 | | | | 30,504 | |
| CBL & Associates Properties, Inc. REIT | † | | | 10,788 | | | | 58,147 | |
| Cedar Shopping Centers, Inc. REIT | | | | 583 | | | | 2,635 | |
| Chimera Investment Corp. REIT | | | | 26,811 | | | | 93,570 | |
| Colonial Properties Trust REIT | † | | | 1,962 | | | | 14,519 | |
| Corporate Office Properties Trust REIT | † | | | 1,904 | | | | 55,844 | |
| Cousins Properties, Inc. REIT | † | | | 2,376 | | | | 20,196 | |
| DCT Industrial Trust, Inc. REIT | | | | 6,576 | | | | 26,830 | |
| Developers Diversified Realty Corp. REIT | | | | 5,031 | | | | 24,551 | |
| DiamondRock Hospitality Co. REIT | | | | 3,930 | | | | 24,602 | |
| Digital Realty Trust, Inc. REIT | † | | | 2,000 | | | | 71,700 | |
| Douglas Emmett, Inc. REIT | † | | | 4,212 | | | | 37,866 | |
| Duke Realty Corp. REIT | | | | 5,609 | | | | 49,191 | |
| DuPont Fabros Technology, Inc. REIT | | | | 4,666 | | | | 43,954 | |
| Eastern Light Capital, Inc. REIT | * | | | 799 | | | | 3,544 | |
| EastGroup Properties, Inc. REIT | | | | 1,538 | | | | 50,785 | |
| Entertainment Properties Trust REIT | † | | | 2,733 | | | | 56,300 | |
| Equity Lifestyle Properties, Inc. REIT | | | | 1,140 | | | | 42,385 | |
| Equity One, Inc. REIT | † | | | 2,619 | | | | 34,728 | |
| Equity Residential REIT | † | | | 10,587 | | | | 235,349 | |
| Essex Property Trust, Inc. REIT | † | | | 807 | | | | 50,220 | |
| Extra Space Storage, Inc. REIT | † | | | 3,500 | | | $ | 29,225 | |
| Federal Realty Investment Trust REIT | † | | | 2,295 | | | | 118,238 | |
| FelCor Lodging Trust, Inc. REIT | | | | 3,135 | | | | 7,712 | |
| First Industrial Realty Trust, Inc. REIT | † | | | 1,599 | | | | 6,956 | |
| First Potomac Realty Trust REIT | | | | 1,628 | | | | 15,873 | |
| Franklin Street Properties Corp. REIT | | | | 2,200 | | | | 29,150 | |
| Getty Realty Corp. REIT | † | | | 1,747 | | | | 32,966 | |
| Glimcher Realty Trust REIT | | | | 1,584 | | | | 4,594 | |
| Gramercy Capital Corp. REIT | * | | | 2,182 | | | | 3,513 | |
| Hatteras Financial Corp. REIT | † | | | 1,935 | | | | 55,322 | |
| HCP, Inc. REIT | | | | 10,215 | | | | 216,456 | |
| Health Care REIT, Inc. REIT | † | | | 3,457 | | | | 117,884 | |
| Healthcare Realty Trust, Inc. REIT | † | | | 1,881 | | | | 31,657 | |
| Highwoods Properties, Inc. REIT | | | | 2,393 | | | | 53,531 | |
| HMG Courtland Properties REIT | * | | | 1,450 | | | | 5,452 | |
| Home Properties, Inc. REIT | | | | 1,390 | | | | 47,399 | |
| Hospitality Properties Trust REIT | | | | 2,923 | | | | 34,754 | |
| Host Hotels & Resorts, Inc. REIT | | | | 20,345 | | | | 170,694 | |
| HRPT Properties Trust REIT | † | | | 9,142 | | | | 37,116 | |
| Inland Real Estate Corp. REIT | † | | | 2,302 | | | | 16,114 | |
| Investors Real Estate Trust REIT | | | | 2,989 | | | | 26,572 | |
| iStar Financial, Inc. REIT | † | | | 4,331 | | | | 12,300 | |
| Kilroy Realty Corp. REIT | † | | | 1,316 | | | | 27,031 | |
| Kimco Realty Corp. REIT | | | | 15,341 | | | | 154,177 | |
| Kite Realty Group Trust REIT | | | | 2,654 | | | | 7,750 | |
| LaSalle Hotel Properties REIT | † | | | 1,561 | | | | 19,263 | |
| Lexington Realty Trust REIT | † | | | 1,467 | | | | 4,988 | |
| Liberty Property Trust REIT | † | | | 3,172 | | | | 73,083 | |
| LTC Properties, Inc. REIT | | | | 2,385 | | | | 48,773 | |
| Macerich Co. (The) REIT | † | | | 2,906 | | | | 51,175 | |
| Mack-Cali Realty Corp. REIT | | | | 2,488 | | | | 56,726 | |
| Maguire Properties, Inc. REIT | *† | | | 1,199 | | | | 1,019 | |
| Medical Properties Trust, Inc. REIT | | | | 3,172 | | | | 19,254 | |
| MFA Financial, Inc. REIT | | | | 10,801 | | | | 74,743 | |
| Mid-America Apartment Communities, Inc. REIT | † | | | 1,240 | | | | 45,520 | |
| Mission West Properties, Inc. REIT | | | | 1,417 | | | | 9,678 | |
| Monmouth Real Estate Investment Corp., Class A REIT | | | | 3,275 | | | | 19,191 | |
| National Health Investors, Inc. REIT | | | | 979 | | | | 26,149 | |
| National Retail Properties, Inc. REIT | † | | | 2,356 | | | | 40,877 | |
| Nationwide Health Properties, Inc. REIT | | | | 3,720 | | | | 95,753 | |
| Newcastle Investment Corp. REIT | † | | | 754 | | | | 498 | |
| NorthStar Realty Finance Corp. REIT | † | | | 4,388 | | | | 12,418 | |
| Omega Healthcare Investors, Inc. REIT | | | | 4,100 | | | | 63,632 | |
| Pacific Office Properties Trust, Inc. REIT | | | | 1,050 | | | | 4,090 | |
| Parkway Properties, Inc. REIT | | | | 986 | | | | 12,818 | |
| Pennsylvania Real Estate Investment Trust REIT | † | | | 1,510 | | | | 7,550 | |
See accompanying notes to financial statements.
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| Plum Creek Timber Co., Inc. REIT | † | | | 6,729 | | | $ | 200,390 | |
| PMC Commercial Trust REIT | | | | 865 | | | | 5,735 | |
| Post Properties, Inc. REIT | † | | | 2,078 | | | | 27,928 | |
| Potlatch Corp. REIT | | | | 1,618 | | | | 39,301 | |
| ProLogis REIT | | | | 18,076 | | | | 145,693 | |
| PS Business Parks, Inc. REIT | † | | | 599 | | | | 29,016 | |
| Public Storage REIT | | | | 5,109 | | | | 334,537 | |
| RAIT Financial Trust REIT | | | | 991 | | | | 1,358 | |
| Ramco-Gershenson Properties Trust REIT | | | | 1,275 | | | | 12,763 | |
| Rayonier, Inc. REIT | | | | 3,336 | | | | 121,264 | |
| Realty Income Corp. REIT | † | | | 4,138 | | | | 90,705 | |
| Redwood Trust, Inc. REIT | † | | | 1,008 | | | | 14,878 | |
| Regency Centers Corp. REIT | | | | 2,545 | | | | 88,846 | |
| Saul Centers, Inc. REIT | | | | 987 | | | | 29,186 | |
| Senior Housing Properties Trust REIT | † | | | 3,680 | | | | 60,058 | |
| Simon Property Group, Inc. REIT | † | | | 10,853 | | | | 558,170 | |
| SL Green Realty Corp. REIT | † | | | 1,985 | | | | 45,536 | |
| Sovran Self Storage, Inc. REIT | | | | 1,269 | | | | 31,217 | |
| Strategic Hotels & Resorts, Inc. REIT | | | | 2,904 | | | | 3,223 | |
| Sun Communities, Inc. REIT | | | | 1,061 | | | | 14,621 | |
| Sunstone Hotel Investors, Inc. REIT | | | | 2,559 | | | | 13,691 | |
| Tanger Factory Outlet Centers, Inc. REIT | | | | 1,221 | | | | 39,597 | |
| Taubman Centers, Inc. REIT | † | | | 2,083 | | | | 55,949 | |
| UDR, Inc. REIT | † | | | 5,277 | | | | 54,511 | |
| Universal Health Realty Income Trust REIT | | | | 1,333 | | | | 42,016 | |
| U-Store-It Trust REIT | | | | 3,600 | | | | 17,640 | |
| Ventas, Inc. REIT | | | | 5,373 | | | | 160,438 | |
| Vornado Realty Trust REIT | | | | 6,413 | | | | 288,760 | |
| Walter Investment Management Corp. REIT | *† | | | 598 | | | | 7,941 | |
| Washington Real Estate Investment Trust REIT | † | | | 1,834 | | | | 41,027 | |
| Weingarten Realty Investors REIT | † | | | 3,474 | | | | 50,408 | |
| | | | | | | | | | | | | | 6,892,749 | |
Real Estate Management & Development—0.1% |
| Brookfield Properties Corp. (Canada) | † | | | 7,509 | | | | 59,847 | |
| CB Richard Ellis Group, Inc., Class A | * | | | 6,900 | | | | 64,584 | |
| Forest City Enterprises, Inc., Class A | † | | | 9,240 | | | | 60,984 | |
| Forestar Group, Inc. | * | | | 1,502 | | | | 17,844 | |
| Grubb & Ellis Co. | † | | | 652 | | | | 522 | |
| Jones Lang LaSalle, Inc. | | | | 1,311 | | | | 42,909 | |
| St. Joe Co. (The) | *† | | | 3,582 | | | | 94,887 | |
| Tejon Ranch Co. | *† | | | 762 | | | | 20,185 | |
| | | | | | | | | | | | | | 361,762 | |
Road & Rail—0.9% |
| Amerco, Inc. | * | | | 805 | | | | 29,906 | |
| Arkansas Best Corp. | † | | | 903 | | | | 23,794 | |
| Avis Budget Group, Inc. | *† | | | 4,424 | | | | 24,996 | |
| Burlington Northern Santa Fe Corp. | | | | 10,951 | | | | 805,336 | |
| Con-way, Inc. | | | | 2,160 | | | | 76,270 | |
| CSX Corp. | | | | 16,247 | | | | 562,634 | |
| Dollar Thrifty Automotive Group, Inc. | *† | | | 1,057 | | | $ | 14,745 | |
| Genesee & Wyoming, Inc., Class A | * | | | 1,576 | | | | 41,780 | |
| Heartland Express, Inc. | † | | | 4,220 | | | | 62,118 | |
| J.B. Hunt Transport Services, Inc. | † | | | 3,964 | | | | 121,021 | |
| Kansas City Southern | *† | | | 2,513 | | | | 40,484 | |
| Knight Transportation, Inc. | † | | | 3,879 | | | | 64,197 | |
| Landstar System, Inc. | | | | 2,256 | | | | 81,013 | |
| Norfolk Southern Corp. | | | | 14,488 | | | | 545,763 | |
| Old Dominion Freight Line, Inc. | * | | | 1,783 | | | | 59,855 | |
| PAM Transportation Services, Inc. | *† | | | 338 | | | | 1,849 | |
| Ryder System, Inc. | | | | 2,660 | | | | 74,267 | |
| Saia, Inc. | *† | | | 1,662 | | | | 29,933 | |
| Union Pacific Corp. | | | | 19,618 | | | | 1,021,313 | |
| Werner Enterprises, Inc. | † | | | 2,915 | | | | 52,820 | |
| YRC Worldwide, Inc. | *† | | | 2,278 | | | | 3,941 | |
| | | | | | | | | | | | | | 3,738,035 | |
Semiconductors & Semiconductor Equipment—2.6% |
| Actel Corp. | *† | | | 1,140 | | | | 12,232 | |
| Advanced Energy Industries, Inc. | * | | | 1,428 | | | | 12,838 | |
| Advanced Micro Devices, Inc. | *† | | | 21,447 | | | | 83,000 | |
| Aetrium, Inc. | * | | | 614 | | | | 1,038 | |
| Altera Corp. | † | | | 10,928 | | | | 177,908 | |
| Amkor Technology, Inc. | *† | | | 7,211 | | | | 34,108 | |
| Anadigics, Inc. | * | | | 957 | | | | 4,010 | |
| Analog Devices, Inc. | | | | 12,287 | | | | 304,472 | |
| Applied Materials, Inc. | | | | 53,844 | | | | 590,669 | |
| Applied Micro Circuits Corp. | * | | | 3,186 | | | | 25,902 | |
| Atheros Communications, Inc. | *† | | | 2,700 | | | | 51,948 | |
| Atmel Corp. | *† | | | 18,733 | | | | 69,874 | |
| ATMI, Inc. | *† | | | 1,559 | | | | 24,211 | |
| Axcelis Technologies, Inc. | * | | | 4,095 | | | | 1,884 | |
| AXT, Inc. | * | | | 946 | | | | 1,305 | |
| Broadcom Corp., Class A | * | | | 16,147 | | | | 400,284 | |
| Brooks Automation, Inc. | * | | | 3,103 | | | | 13,901 | |
| Cabot Microelectronics Corp. | * | | | 1,049 | | | | 29,676 | |
| California Micro Devices Corp. | * | | | 745 | | | | 1,833 | |
| Ceva, Inc. | * | | | 692 | | | | 6,007 | |
| Cirrus Logic, Inc. | * | | | 2,946 | | | | 13,257 | |
| Cohu, Inc. | † | | | 859 | | | | 7,714 | |
| Conexant Systems, Inc. | * | | | 2,046 | | | | 2,987 | |
| Cree, Inc. | * | | | 3,097 | | | | 91,021 | |
| Cymer, Inc. | *† | | | 1,498 | | | | 44,536 | |
| Cypress Semiconductor Corp. | *† | | | 4,876 | | | | 44,859 | |
| Diodes, Inc. | * | | | 2,400 | | | | 37,536 | |
| DSP Group, Inc. | * | | | 1,194 | | | | 8,071 | |
| Electroglas, Inc. | * | | | 1,990 | | | | 44 | |
| Entegris, Inc. | * | | | 5,738 | | | | 15,607 | |
| Exar Corp. | * | | | 1,758 | | | | 12,640 | |
| Fairchild Semiconductor International, Inc. | *† | | | 4,903 | | | | 34,272 | |
| FEI Co. | *† | | | 1,368 | | | | 31,327 | |
| Formfactor, Inc. | *† | | | 1,417 | | | | 24,429 | |
| FSI International, Inc. | * | | | 1,479 | | | | 606 | |
| Integrated Device Technology, Inc. | * | | | 8,168 | | | | 49,335 | |
| Integrated Silicon Solution, Inc. | * | | | 1,269 | | | | 3,363 | |
| Intel Corp. | | | | 218,122 | | | | 3,609,919 | |
| International Rectifier Corp. | * | | | 2,631 | | | | 38,965 | |
| Intersil Corp., Class A | | | | 5,757 | | | | 72,365 | |
| IXYS Corp. | | | | 1,329 | | | | 13,449 | |
| KLA-Tencor Corp. | | | | 7,679 | | | | 193,895 | |
See accompanying notes to financial statements.
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| Kopin Corp. | * | | | 2,431 | | | $ | 8,922 | |
| Kulicke & Soffa Industries, Inc. | * | | | 2,008 | | | | 6,887 | |
| Lam Research Corp. | *† | | | 5,335 | | | | 138,710 | |
| Lattice Semiconductor Corp. | * | | | 4,395 | | | | 8,263 | |
| Linear Technology Corp. | † | | | 8,638 | | | | 201,697 | |
| LSI Corp. | * | | | 30,700 | | | | 139,992 | |
| LTX-Credence Corp. | *† | | | 4,076 | | | | 1,916 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 18,500 | | | | 215,340 | |
| Mattson Technology, Inc. | *† | | | 1,760 | | | | 2,077 | |
| Maxim Integrated Products, Inc. | | | | 12,451 | | | | 195,356 | |
| MEMC Electronic Materials, Inc. | * | | | 8,113 | | | | 144,493 | |
| Micrel, Inc. | | | | 3,731 | | | | 27,311 | |
| Microchip Technology, Inc. | † | | | 6,974 | | | | 157,264 | |
| Micron Technology, Inc. | * | | | 25,902 | | | | 131,064 | |
| Microsemi Corp. | * | | | 2,474 | | | | 34,141 | |
| Mindspeed Technologies, Inc. | *† | | | 801 | | | | 1,722 | |
| MIPS Technologies, Inc. | * | | | 2,228 | | | | 6,684 | |
| MKS Instruments, Inc. | * | | | 2,455 | | | | 32,381 | |
| MoSys, Inc. | * | | | 1,251 | | | | 2,064 | |
| National Semiconductor Corp. | † | | | 10,460 | | | | 131,273 | |
| Netlogic Microsystems, Inc. | *† | | | 1,068 | | | | 38,939 | |
| Novellus Systems, Inc. | * | | | 2,876 | | | | 48,029 | |
| NVE Corp. | * | | | 348 | | | | 16,913 | |
| Nvidia Corp. | * | | | 20,184 | | | | 227,877 | |
| Omnivision Technologies, Inc. | * | | | 2,354 | | | | 24,458 | |
| ON Semiconductor Corp. | * | | | 10,008 | | | | 68,655 | |
| PDF Solutions, Inc. | * | | | 974 | | | | 2,484 | |
| Pericom Semiconductor Corp. | * | | | 1,023 | | | | 8,614 | |
| Photronics, Inc. | * | | | 1,388 | | | | 5,621 | |
| PLX Technology, Inc. | *† | | | 1,050 | | | | 3,959 | |
| PMC - Sierra, Inc. | * | | | 7,045 | | | | 56,078 | |
| Power Integrations, Inc. | † | | | 1,952 | | | | 46,438 | |
| QuickLogic Corp. | * | | | 1,050 | | | | 1,491 | |
| Rambus, Inc. | *† | | | 4,071 | | | | 63,060 | |
| Ramtron International Corp. | * | | | 1,920 | | | | 2,208 | |
| RF Micro Devices, Inc. | * | | | 8,143 | | | | 30,618 | |
| Rudolph Technologies, Inc. | * | | | 1,247 | | | | 6,883 | |
| Semitool, Inc. | * | | | 1,060 | | | | 4,897 | |
| Semtech Corp. | * | | | 2,970 | | | | 47,253 | |
| Sigma Designs, Inc. | *† | | | 1,320 | | | | 21,173 | |
| Silicon Image, Inc. | * | | | 2,948 | | | | 6,780 | |
| Silicon Laboratories, Inc. | *† | | | 2,124 | | | | 80,585 | |
| Silicon Storage Technology, Inc. | * | | | 3,793 | | | | 7,093 | |
| Skyworks Solutions, Inc. | *† | | | 5,822 | | | | 56,939 | |
| Standard Microsystems Corp. | * | | | 806 | | | | 16,483 | |
| Tegal Corp. | * | | | 312 | | | | 399 | |
| Teradyne, Inc. | *† | | | 7,938 | | | | 54,455 | |
| Tessera Technologies, Inc. | * | | | 1,560 | | | | 39,452 | |
| Texas Instruments, Inc. | | | | 52,415 | | | | 1,116,440 | |
| Transwitch Corp. | * | | | 3,432 | | | | 1,699 | |
| Trident Microsystems, Inc. | * | | | 3,018 | | | | 5,251 | |
| TriQuint Semiconductor, Inc. | * | | | 4,918 | | | | 26,115 | |
| Ultratech, Inc. | *† | | | 971 | | | | 11,953 | |
| Varian Semiconductor Equipment Associates, Inc. | *† | | | 3,367 | | | | 80,774 | |
| Veeco Instruments, Inc. | * | | | 1,294 | | | | 14,997 | |
| Virage Logic Corp. | * | | | 901 | | | | 4,055 | |
| White Electronic Designs Corp. | * | | | 514 | | | | 2,380 | |
| Xilinx, Inc. | † | | | 11,904 | | | | 243,556 | |
| Zoran Corp. | * | | | 1,650 | | | | 17,985 | |
| | | | | | | | | | | | | | 10,297,893 | |
Software—4.1% |
| ACI Worldwide, Inc. | * | | | 1,298 | | | $ | 18,120 | |
| Activision Blizzard, Inc. | * | | | 23,814 | | | | 300,771 | |
| Actuate Corp. | * | | | 2,084 | | | | 9,962 | |
| Adobe Systems, Inc. | * | | | 20,400 | | | | 577,320 | |
| Advent Software, Inc. | *† | | | 1,451 | | | | 47,578 | |
| American Software, Inc., Class A | † | | | 1,950 | | | | 11,232 | |
| ANSYS, Inc. | *† | | | 2,396 | | | | 74,659 | |
| Ariba, Inc. | *† | | | 2,075 | | | | 20,418 | |
| Authentidate Holding Corp. | * | | | 1,023 | | | | 1,228 | |
| Autodesk, Inc. | * | | | 9,258 | | | | 175,717 | |
| Blackbaud, Inc. | † | | | 2,650 | | | | 41,207 | |
| Blackboard, Inc. | *† | | | 1,400 | | | | 40,404 | |
| BMC Software, Inc. | * | | | 8,825 | | | | 298,197 | |
| Borland Software Corp. | * | | | 2,936 | | | | 3,787 | |
| CA, Inc. | | | | 17,506 | | | | 305,130 | |
| Cadence Design Systems, Inc. | * | | | 10,745 | | | | 63,395 | |
| Callidus Software, Inc. | * | | | 172 | | | | 490 | |
| Chordiant Software, Inc. | * | | | 1,859 | | | | 6,748 | |
| Citrix Systems, Inc. | * | | | 6,809 | | | | 217,139 | |
| Compuware Corp. | * | | | 7,505 | | | | 51,484 | |
| Concur Technologies, Inc. | *† | | | 2,083 | | | | 64,740 | |
| Datawatch Corp. | * | | | 3,500 | | | | 5,775 | |
| Ebix, Inc. | * | | | 2,739 | | | | 85,785 | |
| Electronic Arts, Inc. | * | | | 12,060 | | | | 261,943 | |
| Entrust, Inc. | * | | | 2,200 | | | | 3,982 | |
| Epicor Software Corp. | * | | | 1,693 | | | | 8,973 | |
| EPIQ Systems, Inc. | *† | | | 1,087 | | | | 16,685 | |
| ePresence, Inc. | *‡δ | | | 1,173 | | | | — | |
| Evans & Sutherland Computer Co. | * | | | 1,882 | | | | 941 | |
| Evolving Systems, Inc. | * | | | 1,054 | | | | 2,740 | |
| Factset Research Systems, Inc. | † | | | 1,490 | | | | 74,306 | |
| Fair Isaac Corp. | | | | 3,039 | | | | 46,983 | |
| FalconStor Software, Inc. | * | | | 1,373 | | | | 6,522 | |
| Informatica Corp. | * | | | 3,171 | | | | 54,509 | |
| Interactive Intelligence, Inc. | * | | | 950 | | | | 11,647 | |
| Intuit, Inc. | * | | | 11,145 | | | | 313,843 | |
| Jack Henry & Associates, Inc. | | | | 3,591 | | | | 74,513 | |
| JDA Software Group, Inc. | * | | | 1,256 | | | | 18,790 | |
| Kenexa Corp. | * | | | 1,681 | | | | 19,449 | |
| Lawson Software, Inc. | * | | | 8,700 | | | | 48,546 | |
| Macrovision Solutions Corp. | * | | | 3,817 | | | | 83,249 | |
| Magma Design Automation, Inc. | *† | | | 1,429 | | | | 2,086 | |
| Manhattan Associates, Inc. | *† | | | 1,346 | | | | 24,524 | |
| McAfee, Inc. | * | | | 6,724 | | | | 283,686 | |
| Mentor Graphics Corp. | * | | | 2,745 | | | | 15,015 | |
| Micros Systems, Inc. | *† | | | 3,428 | | | | 86,797 | |
| Microsoft Corp. | | | | 311,954 | | | | 7,415,147 | |
| MicroStrategy, Inc., Class A | * | | | 513 | | | | 25,763 | |
| Netscout Systems, Inc. | *† | | | 1,250 | | | | 11,725 | |
| Novell, Inc. | * | | | 15,492 | | | | 70,179 | |
| Nuance Communications, Inc. | *† | | | 4,541 | | | | 54,901 | |
| Oracle Corp. | | | | 152,206 | | | | 3,260,253 | |
| Parametric Technology Corp. | * | | | 4,423 | | | | 51,705 | |
| Pegasystems, Inc. | | | | 2,141 | | | | 56,480 | |
| Phoenix Technologies Ltd. | * | | | 907 | | | | 2,458 | |
| PLATO Learning, Inc. | * | | | 1,825 | | | | 7,300 | |
| Progress Software Corp. | * | | | 1,322 | | | | 27,987 | |
| QAD, Inc. | † | | | 1,363 | | | | 4,430 | |
| Quest Software, Inc. | * | | | 3,847 | | | | 53,627 | |
| Radiant Systems, Inc. | * | | | 1,019 | | | | 8,458 | |
| Red Hat, Inc. | * | | | 7,251 | | | | 145,963 | |
| Renaissance Learning, Inc. | † | | | 1,353 | | | | 12,461 | |
| S1 Corp. | * | | | 2,636 | | | | 18,188 | |
| Salesforce.com, Inc. | *† | | | 3,583 | | | | 136,763 | |
See accompanying notes to financial statements.
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| Scientific Learning Corp. | * | | | 3,145 | | | $ | 6,133 | |
| Soapstone Networks, Inc. | * | | | 711 | | | | 2,972 | |
| Solera Holdings, Inc. | * | | | 1,099 | | | | 27,915 | |
| Sonic Foundry, Inc. | * | | | 1,200 | | | | 768 | |
| Sonic Solutions, Inc. | * | | | 889 | | | | 2,623 | |
| SonicWALL, Inc. | * | | | 2,442 | | | | 13,382 | |
| SourceForge, Inc. | * | | | 2,018 | | | | 2,522 | |
| SPSS, Inc. | *† | | | 690 | | | | 23,025 | |
| SumTotal Systems, Inc. | * | | | 317 | | | | 1,525 | |
| Sybase, Inc. | * | | | 3,825 | | | | 119,875 | |
| Symantec Corp. | * | | | 34,469 | | | | 536,338 | |
| Symyx Technologies, Inc. | * | | | 1,374 | | | | 8,038 | |
| Synopsys, Inc. | * | | | 6,501 | | | | 126,835 | |
| Take-Two Interactive Software, Inc. | *† | | | 2,643 | | | | 25,029 | |
| TeleCommunication Systems, Inc., Class A | * | | | 1,200 | | | | 8,532 | |
| THQ, Inc. | * | | | 2,914 | | | | 20,864 | |
| TIBCO Software, Inc. | * | | | 8,337 | | | | 59,776 | |
| TiVo, Inc. | *† | | | 2,696 | | | | 28,254 | |
| Tyler Technologies, Inc. | * | | | 1,886 | | | | 29,459 | |
| Ultimate Software Group, Inc. | *† | | | 1,242 | | | | 30,106 | |
| VASCO Data Security International, Inc. | * | | | 3,804 | | | | 27,807 | |
| Versant Corp. | * | | | 330 | | | | 4,970 | |
| VMware, Inc., Class A | *† | | | 1,500 | | | | 40,905 | |
| Wayside Technology Group, Inc. | | | | 1,787 | | | | 12,670 | |
| Websense, Inc. | * | | | 1,958 | | | | 34,931 | |
| Wind River Systems, Inc. | * | | | 3,206 | | | | 36,741 | |
| | | | | | | | | | | | | | 16,476,798 | |
Specialty Retail—2.2% |
| A.C. Moore Arts & Crafts, Inc. | * | | | 876 | | | | 3,294 | |
| Aaron’s, Inc. | † | | | 1,939 | | | | 57,821 | |
| Abercrombie & Fitch Co., Class A | † | | | 3,072 | | | | 77,998 | |
| Advance Auto Parts, Inc. | | | | 4,485 | | | | 186,083 | |
| Aeropostale, Inc. | * | | | 3,604 | | | | 123,509 | |
| American Eagle Outfitters, Inc. | † | | | 8,736 | | | | 123,789 | |
| America’s Car-Mart, Inc. | *† | | | 354 | | | | 7,257 | |
| AnnTaylor Stores Corp. | *† | | | 2,733 | | | | 21,809 | |
| Asbury Automotive Group, Inc. | | | | 1,342 | | | | 13,742 | |
| AutoNation, Inc. | *† | | | 5,363 | | | | 93,048 | |
| AutoZone, Inc. | * | | | 1,524 | | | | 230,292 | |
| Barnes & Noble, Inc. | † | | | 828 | | | | 17,082 | |
| Bebe Stores, Inc. | | | | 790 | | | | 5,435 | |
| Bed Bath & Beyond, Inc. | * | | | 10,125 | | | | 311,344 | |
| Best Buy Co., Inc. | † | | | 13,673 | | | | 457,909 | |
| Big 5 Sporting Goods Corp. | | | | 1,071 | | | | 11,845 | |
| Blockbuster, Inc., Class A | *† | | | 7,850 | | | | 5,181 | |
| Borders Group, Inc. | * | | | 3,342 | | | | 12,299 | |
| Brown Shoe Co., Inc. | † | | | 1,791 | | | | 12,967 | |
| Buckle, Inc. (The) | † | | | 1,236 | | | | 39,268 | |
| Carmax, Inc. | *† | | | 8,516 | | | | 125,185 | |
| Casual Male Retail Group, Inc. | * | | | 1,930 | | | | 4,227 | |
| Cato Corp. (The), Class A | | | | 1,761 | | | | 30,712 | |
| Charlotte Russe Holding, Inc. | * | | | 1,100 | | | | 14,168 | |
| Charming Shoppes, Inc. | *† | | | 3,138 | | | | 11,673 | |
| Chico’s FAS, Inc. | *† | | | 7,236 | | | | 70,406 | |
| Children’s Place Retail Stores, Inc. (The) | *† | | | 1,144 | | �� | | 30,236 | |
| Christopher & Banks Corp. | † | | | 1,528 | | | | 10,253 | |
| Coldwater Creek, Inc. | * | | | 1,528 | | | | 9,260 | |
| Collective Brands, Inc. | *† | | | 2,964 | | | | 43,185 | |
| Cost Plus, Inc. | *† | | | 1,014 | | | | 1,501 | |
| Destination Maternity Corp. | * | | | 600 | | | $ | 10,008 | |
| Dick’s Sporting Goods, Inc. | *† | | | 2,480 | | | | 42,656 | |
| Dress Barn, Inc. | *† | | | 1,900 | | | | 27,170 | |
| Finish Line, Inc. (The), Class A | | | | 1,917 | | | | 14,224 | |
| Foot Locker, Inc. | | | | 5,840 | | | | 61,145 | |
| GameStop Corp., Class A | * | | | 4,410 | | | | 97,064 | |
| Gap, Inc. (The) | | | | 22,382 | | | | 367,065 | |
| Genesco, Inc. | * | | | 921 | | | | 17,287 | |
| Group 1 Automotive, Inc. | † | | | 1,068 | | | | 27,789 | |
| Guess?, Inc. | | | | 3,548 | | | | 91,467 | |
| Gymboree Corp. | *† | | | 1,400 | | | | 49,672 | |
| Haverty Furniture Cos., Inc. | | | | 1,111 | | | | 10,166 | |
| Hibbett Sports, Inc. | *† | | | 1,396 | | | | 25,128 | |
| Home Depot, Inc. | | | | 67,122 | | | | 1,586,093 | |
| Hot Topic, Inc. | * | | | 1,824 | | | | 13,333 | |
| J. Crew Group, Inc. | *† | | | 2,206 | | | | 59,606 | |
| Jo-Ann Stores, Inc. | * | | | 1,266 | | | | 26,168 | |
| JOS A. Bank Clothiers, Inc. | *† | | | 577 | | | | 19,883 | |
| Kirkland’s, Inc. | * | | | 833 | | | | 10,004 | |
| Limited Brands, Inc. | | | | 10,407 | | | | 124,572 | |
| Lithia Motors, Inc., Class A | | | | 862 | | | | 7,965 | |
| Lowe’s Cos., Inc. | | | | 57,560 | | | | 1,117,240 | |
| MarineMax, Inc. | *† | | | 800 | | | | 2,752 | |
| Men’s Wearhouse, Inc. (The) | | | | 2,437 | | | | 46,742 | |
| Midas, Inc. | *† | | | 1,277 | | | | 13,383 | |
| Monro Muffler, Inc. | † | | | 991 | | | | 25,479 | |
| Office Depot, Inc. | * | | | 11,792 | | | | 53,772 | |
| OfficeMax, Inc. | † | | | 3,587 | | | | 22,526 | |
| O’Reilly Automotive, Inc. | *† | | | 5,624 | | | | 214,162 | |
| Pacific Sunwear of California, Inc. | * | | | 3,025 | | | | 10,194 | |
| Penske Auto Group, Inc. | † | | | 1,654 | | | | 27,523 | |
| Pep Boys-Manny, Moe & Jack (The) | † | | | 2,200 | | | | 22,308 | |
| PetSmart, Inc. | | | | 5,983 | | | | 128,395 | |
| Pier 1 Imports, Inc. | * | | | 3,712 | | | | 7,387 | |
| RadioShack Corp. | | | | 6,811 | | | | 95,082 | |
| Rent-A-Center, Inc. | * | | | 3,377 | | | | 60,212 | |
| Ross Stores, Inc. | † | | | 5,419 | | | | 209,173 | |
| Sally Beauty Holdings, Inc. | *† | | | 3,659 | | | | 23,271 | |
| Select Comfort Corp. | * | | | 2,104 | | | | 1,767 | |
| Sherwin-Williams Co. (The) | | | | 3,738 | | | | 200,917 | |
| Signet Jewelers Ltd. (Bermuda) | | | | 3,344 | | | | 69,622 | |
| Sonic Automotive, Inc., Class A | † | | | 1,649 | | | | 16,754 | |
| Stage Stores, Inc. | | | | 2,236 | | | | 24,820 | |
| Staples, Inc. | | | | 27,647 | | | | 557,640 | |
| Stein Mart, Inc. | * | | | 1,261 | | | | 11,172 | |
| Systemax, Inc. | * | | | 1,358 | | | | 16,174 | |
| Talbots, Inc. | † | | | 375 | | | | 2,025 | |
| Tiffany & Co. | | | | 5,242 | | | | 132,937 | |
| TJX Cos., Inc. | | | | 15,739 | | | | 495,149 | |
| Tractor Supply Co. | *† | | | 1,549 | | | | 64,005 | |
| Trans World Entertainment Corp. | * | | | 1,932 | | | | 2,260 | |
| TravelCenters of America LLC | * | | | 292 | | | | 642 | |
| Tween Brands, Inc. | * | | | 1,485 | | | | 9,920 | |
| Urban Outfitters, Inc. | *† | | | 5,012 | | | | 104,600 | |
| West Marine, Inc. | * | | | 803 | | | | 4,425 | |
| Wet Seal, Inc. (The), Class A | * | | | 1,246 | | | | 3,825 | |
| Williams-Sonoma, Inc. | | | | 3,877 | | | | 46,020 | |
| Zale Corp. | *† | | | 2,300 | | | | 7,912 | |
| | | | | | | | | | | | | | 8,703,430 | |
Textiles, Apparel & Luxury Goods—0.5% |
| Carter’s, Inc. | * | | | 1,476 | | | | 36,324 | |
| Charles & Colvard Ltd. | * | | | 1,843 | | | | 922 | |
| Cherokee, Inc. | | | | 994 | | | | 19,701 | |
| Coach, Inc. | | | | 14,097 | | | | 378,927 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| Columbia Sportswear Co. | † | | | 652 | | | $ | 20,160 | |
| CROCS, Inc. | *† | | | 3,600 | | | | 12,240 | |
| Culp, Inc. | * | | | 888 | | | | 4,440 | |
| Deckers Outdoor Corp. | * | | | 645 | | | | 45,324 | |
| Fossil, Inc. | * | | | 3,154 | | | | 75,948 | |
| Hallwood Group, Inc. | | | | 100 | | | | 1,391 | |
| Hanesbrands, Inc. | *† | | | 4,099 | | | | 61,526 | |
| Iconix Brand Group, Inc. | * | | | 2,737 | | | | 42,095 | |
| Jones Apparel Group, Inc. | † | | | 4,641 | | | | 49,798 | |
| Kenneth Cole Productions, Inc., Class A | † | | | 956 | | | | 6,721 | |
| K-Swiss, Inc., Class A | | | | 1,476 | | | | 12,546 | |
| Lazare Kaplan International, Inc. | * | | | 1,139 | | | | 2,916 | |
| Liz Claiborne, Inc. | † | | | 4,930 | | | | 14,198 | |
| Movado Group, Inc. | † | | | 1,678 | | | | 17,686 | |
| NIKE, Inc., Class B | | | | 10,910 | | | | 564,920 | |
| Oxford Industries, Inc. | | | | 936 | | | | 10,905 | |
| Phillips-Van Heusen Corp. | | | | 1,267 | | | | 36,350 | |
| Polo Ralph Lauren Corp. | | | | 2,143 | | | | 114,736 | |
| Quiksilver, Inc. | * | | | 4,288 | | | | 7,933 | |
| Skechers U.S.A., Inc., Class A | *† | | | 1,935 | | | | 18,905 | |
| Steven Madden Ltd. | * | | | 751 | | | | 19,113 | |
| Tarrant Apparel Group | * | | | 1,106 | | | | 885 | |
| Timberland Co. (The), Class A | * | | | 2,970 | | | | 39,412 | |
| Under Armour, Inc., Class A | *† | | | 1,937 | | | | 43,350 | |
| Unifi, Inc. | * | | | 2,629 | | | | 3,733 | |
| V.F. Corp. | † | | | 3,785 | | | | 209,500 | |
| Warnaco Group, Inc. (The) | *† | | | 2,976 | | | | 96,422 | |
| Wolverine World Wide, Inc. | † | | | 2,589 | | | | 57,113 | |
| | | | | | | | | | | | | | 2,026,140 | |
Thrifts & Mortgage Finance—0.3% |
| Anchor Bancorp Wisconsin, Inc. | † | | | 1,411 | | | | 1,834 | |
| Astoria Financial Corp. | † | | | 3,465 | | | | 29,730 | |
| Bank Mutual Corp. | | | | 3,756 | | | | 32,752 | |
| BankAtlantic Bancorp, Inc., Class A | † | | | 442 | | | | 1,706 | |
| Beneficial Mutual Bancorp, Inc. | *† | | | 969 | | | | 9,302 | |
| Brookline Bancorp, Inc. | † | | | 3,765 | | | | 35,090 | |
| Capitol Federal Financial | | | | 2,115 | | | | 81,068 | |
| CFS Bancorp, Inc. | † | | | 1,873 | | | | 7,923 | |
| Charter Financial Corp. | † | | | 350 | | | | 4,112 | |
| Corus Bankshares, Inc. | * | | | 702 | | | | 193 | |
| Dime Community Bancshares, Inc. | | | | 1,638 | | | | 14,922 | |
| Doral Financial Corp. (Puerto Rico) | *† | | | 221 | | | | 552 | |
| Federal Home Loan Mortgage Corp. | *† | | | 25,235 | | | | 15,646 | |
| Federal National Mortgage Association | † | | | 37,770 | | | | 21,907 | |
| First Financial Service Corp. | † | | | 402 | | | | 6,999 | |
| First Niagara Financial Group, Inc. | | | | 4,217 | | | | 48,158 | |
| Flagstar Bancorp, Inc. | *† | | | 2,110 | | | | 1,435 | |
| Guaranty Financial Group, Inc. | *† | | | 1,502 | | | | 285 | |
| Harrington West Financial Group, Inc. | * | | | 1,171 | | | | 1,546 | |
| Hudson City Bancorp, Inc. | | | | 20,250 | | | | 269,123 | |
| MGIC Investment Corp. | † | | | 4,084 | | | | 17,970 | |
| NASB Financial, Inc. | | | | 528 | | | | 15,101 | |
| New York Community Bancorp, Inc. | † | | | 12,640 | | | | 135,122 | |
| NewAlliance Bancshares, Inc. | † | | | 4,600 | | | | 52,900 | |
| Northwest Bancorp, Inc. | | | | 2,048 | | | | 38,625 | |
| Ocwen Financial Corp. | *† | | | 3,358 | | | $ | 43,553 | |
| Parkvale Financial Corp. | | | | 616 | | | | 5,538 | |
| People’s United Financial, Inc. | | | | 6,597 | | | | 99,219 | |
| PMI Group, Inc. (The) | † | | | 3,929 | | | | 7,779 | |
| Provident Financial Services, Inc. | | | | 943 | | | | 8,581 | |
| Provident New York Bancorp | | | | 3,670 | | | | 29,800 | |
| Radian Group, Inc. | † | | | 3,844 | | | | 10,456 | |
| Riverview Bancorp, Inc. | | | | 2,600 | | | | 7,852 | |
| TFS Financial Corp. | | | | 3,398 | | | | 36,087 | |
| Tree.com, Inc. | * | | | 314 | | | | 3,014 | |
| Triad Guaranty, Inc. | *† | | | 692 | | | | 471 | |
| Trustco Bank Corp. | † | | | 3,435 | | | | 20,301 | |
| United Western Bancorp, Inc. | | | | 973 | | | | 9,195 | |
| Washington Federal, Inc. | † | | | 3,379 | | | | 43,927 | |
| Westfield Financial, Inc. | | | | 4,068 | | | | 36,856 | |
| | | | | | | | | | | | | | 1,206,630 | |
Tobacco—1.4% |
| Alliance One International, Inc. | * | | | 2,000 | | | | 7,600 | |
| Altria Group, Inc. | | | | 82,016 | | | | 1,344,242 | |
| Lorillard, Inc. | | | | 6,904 | | | | 467,884 | |
| Philip Morris International, Inc. | | | | 77,475 | | | | 3,379,460 | |
| Reynolds American, Inc. | | | | 6,595 | | | | 254,699 | |
| Universal Corp. | † | | | 1,078 | | | | 35,693 | |
| Vector Group Ltd. | | | | 2,508 | | | | 35,839 | |
| | | | | | | | | | | | | | 5,525,417 | |
Trading Companies & Distributors—0.2% |
| Applied Industrial Technologies, Inc. | † | | | 2,056 | | | | 40,503 | |
| Beacon Roofing Supply, Inc. | * | | | 2,570 | | | | 37,162 | |
| Building Materials Holding Corp. | * | | | 1,800 | | | | 85 | |
| Fastenal Co. | † | | | 5,638 | | | | 187,012 | |
| GATX Corp. | † | | | 1,766 | | | | 45,422 | |
| H&E Equipment Services, Inc. | * | | | 1,600 | | | | 14,960 | |
| Interline Brands, Inc. | * | | | 982 | | | | 13,434 | |
| MSC Industrial Direct Co., Class A | † | | | 1,782 | | | | 63,225 | |
| United Rentals, Inc. | *† | | | 2,798 | | | | 18,159 | |
| W.W. Grainger, Inc. | | | | 2,817 | | | | 230,656 | |
| Watsco, Inc. | | | | 553 | | | | 27,058 | |
| WESCO International, Inc. | * | | | 1,550 | | | | 38,812 | |
| Willis Lease Finance Corp. | * | | | 1,234 | | | | 16,190 | |
| | | | | | | | | | | | | | 732,678 | |
Transportation Infrastructure—0.0% |
| Macquarie Infrastructure Co. LLC | † | | | 2,000 | | | | 8,220 | |
| | | | | | | | | | | | | | | |
Water Utilities—0.1% |
| American States Water Co. | | | | 1,261 | | | | 43,681 | |
| American Water Works Co., Inc. | | | | 2,266 | | | | 43,303 | |
| Aqua America, Inc. | | | | 4,329 | | | | 77,489 | |
| California Water Service Group | | | | 965 | | | | 35,551 | |
| Connecticut Water Service, Inc. | | | | 500 | | | | 10,845 | |
| SJW Corp. | † | | | 1,010 | | | | 22,927 | |
| | | | | | | | | | | | | | 233,796 | |
Wireless Telecommunication Services—0.5% |
| American Tower Corp., Class A | * | | | 15,861 | | | | 500,097 | |
| Centennial Communications Corp. | *† | | | 3,036 | | | | 25,381 | |
See accompanying notes to financial statements.
223
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
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COMMON STOCKS—(Continued) |
| Crown Castle International Corp. | * | | | 8,983 | | | $ | 215,772 | |
| iPCS, Inc. | * | | | 700 | | | | 10,472 | |
| Leap Wireless International, Inc. | *† | | | 2,100 | | | | 69,153 | |
| MetroPCS Communications, Inc. | * | | | 7,134 | | | | 94,954 | |
| NII Holdings, Inc. | * | | | 5,995 | | | | 114,325 | |
| SBA Communications Corp., Class A | *† | | | 4,064 | | | | 99,731 | |
| Shenandoah Telecommunications Co. | | | | 1,200 | | | | 24,348 | |
| Sprint Nextel Corp. | * | | | 115,766 | | | | 556,834 | |
| Telephone & Data Systems, Inc. | | | | 3,518 | | | | 99,559 | |
| United States Cellular Corp. | * | | | 680 | | | | 26,146 | |
| | | | | | | | | | | | | | 1,836,772 | |
TOTAL COMMON STOCKS |
| (Cost $380,696,718) | | | | | | 389,353,383 | |
| |
RIGHTS—0.0% |
Biotechnology—0.0% |
| Ligand Pharmaceuticals, Inc., Expires 12/31/2011 | *‡δ | | | 572 | | | | — | |
Pharmaceuticals—0.0% |
| Fresenius Kabi Pharmaceuticals Holding, Inc. (Germany), Expires 06/30/2011 | * | | | 1,756 | | | | 474 | |
Textiles, Apparel & Luxury Goods—0.0% |
| Mossimo, Inc. | *‡δ | | | 2,806 | | | | — | |
TOTAL RIGHTS |
| (Cost $—) | | | | | | 474 | |
| |
WARRANTS—0.0% |
Diversified Financial Services—0.0% |
| Equitex, Inc., Class A, Expires 02/07/2010 | *‡δ | | | 264 | | | | — | |
| Equitex, Inc., Class B, Expires 02/07/2010 | *‡δ | | | 264 | | | | — | |
| Pegasus Wireless Corp., Expires 12/31/2009 | *‡δ | | | 540 | | | | — | |
TOTAL WARRANTS |
| (Cost $—) | | — | |
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U.S. TREASURY OBLIGATIONS—0.2% |
U.S. Treasury Bills—0.2% |
| U.S. Treasury Bill |
| 0.160% | �� | | | 09/10/2009 | | ‡‡ | | | | | | | | |
| (Cost $1,149,637) | | | $ | 1,150,000 | | | | 1,149,648 | |
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CASH EQUIVALENTS—11.0% |
Institutional Money Market Funds—10.8% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 9,747,136 | | | $ | 9,747,136 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 3,030,514 | | | | 3,030,514 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 3,000,000 | | | | 3,000,000 | |
| Invesco AIM Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 9,500,000 | | | | 9,500,000 | |
| Invesco AIM Short-Term Investments Trust Prime Assets Portfolio | †† | | | 17,900,000 | | | | 17,900,000 | |
| | | | | | | | | 43,177,650 | |
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Medium Term Note—0.2% |
| General Electric Capital Corp. |
| 1.122% | | | | 10/26/2009 | | #†† | | $ | 738,976 | | | | 738,976 | |
TOTAL CASH EQUIVALENTS |
| (Cost $43,916,626) | | | | | | 43,916,626 | |
TOTAL INVESTMENTS—108.3% |
| (Cost $425,762,981) | | 434,420,131 | |
| Other assets less liabilities—(8.3%) | | (33,389,095 | ) |
NET ASSETS—100.0% | $ | 401,031,036 | |
Notes to the Schedule of Investments:
| REIT | | Real Estate Investment Trust |
| † | | Denotes all or a portion of security on loan. |
| ‡ | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| δ | | Security has no market value at June 30, 2009. |
| ‡‡ | | Security has been pledged as collateral for futures contracts. |
| †† | | Represents reinvestment of collateral received in conjunction with securities lending. |
| # | | Rate is subject to change. Rate shown reflects current rate. |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS
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COMMON STOCKS—98.4% |
Aerospace & Defense—1.0% |
| AAR Corp. | *† | | | 3,869 | | | $ | 62,098 | |
| Alliant Techsystems, Inc. | * | | | 2,524 | | | | 207,877 | |
| American Science & Engineering, Inc. | | | | 1,020 | | | | 70,502 | |
| Applied Signal Technology, Inc. | | | | 2,274 | | | | 58,010 | |
| Astronics Corp. | *† | | | 716 | | | | 7,439 | |
| Astronics Corp., Class B | * | | | 179 | | | | 1,902 | |
| Axsys Technologies, Inc. | * | | | 885 | | | | 47,471 | |
| BE Aerospace, Inc. | *† | | | 8,464 | | | | 121,543 | |
| Ceradyne, Inc. | *† | | | 2,334 | | | | 41,218 | |
| Cubic Corp. | | | | 1,262 | | | | 45,167 | |
| Curtiss-Wright Corp. | † | | | 3,943 | | | | 117,225 | |
| Ducommun, Inc. | | | | 852 | | | | 16,009 | |
| DynCorp International, Inc., Class A | * | | | 1,953 | | | | 32,791 | |
| Esterline Technologies Corp. | * | | | 2,519 | | | | 68,189 | |
| GenCorp, Inc. | *† | | | 4,016 | | | | 7,671 | |
| HEICO Corp., Class A | | | | 2,477 | | | | 72,477 | |
| Herley Industries, Inc. | * | | | 1,550 | | | | 17,004 | |
| Hexcel Corp. | *† | | | 8,244 | | | | 78,565 | |
| Innovative Solutions & Support, Inc. | | | | 1,200 | | | | 5,364 | |
| Kratos Defense & Security Solutions, Inc. | * | | | 14,428 | | | | 12,841 | |
| Ladish Co., Inc. | *† | | | 2,037 | | | | 26,420 | |
| Moog, Inc., Class A | * | | | 3,584 | | | | 92,503 | |
| Orbital Sciences Corp. | *† | | | 5,400 | | | | 81,918 | |
| Spirit Aerosystems Holdings, Inc., Class A | * | | | 9,864 | | | | 135,531 | |
| Stanley, Inc. | *† | | | 1,217 | | | | 40,015 | |
| Taser International, Inc. | * | | | 6,942 | | | | 31,656 | |
| Teledyne Technologies, Inc. | * | | | 2,702 | | | | 88,491 | |
| TransDigm Group, Inc. | * | | | 3,242 | | | | 117,360 | |
| Triumph Group, Inc. | | | | 1,480 | | | | 59,200 | |
| | | | | | | 1,764,457 | |
Air Freight & Logistics—0.2% |
| Air T, Inc. | | | | 563 | | | | 4,622 | |
| Air Transport Services Group, Inc. | *† | | | 5,626 | | | | 13,052 | |
| Atlas Air Worldwide Holdings, Inc. | * | | | 1,188 | | | | 27,550 | |
| Dynamex, Inc. | * | | | 2,145 | | | | 33,012 | |
| Forward Air Corp. | † | | | 2,629 | | | | 56,050 | |
| HUB Group, Inc., Class A | * | | | 3,172 | | | | 65,470 | |
| Pacer International, Inc. | | | | 3,711 | | | | 8,275 | |
| UTi Worldwide, Inc. (Virgin Islands, British) | * | | | 8,059 | | | | 91,873 | |
| | | | | | | 299,904 | |
Airlines—0.6% |
| Airtran Holdings, Inc. | * | | | 12,396 | | | | 76,731 | |
| Alaska Air Group, Inc. | * | | | 3,191 | | | | 58,268 | |
| Allegiant Travel Co. | *† | | | 1,751 | | | | 69,410 | |
| AMR Corp. | * | | | 22,611 | | | | 90,896 | |
| Continental Airlines, Inc., Class B | *† | | | 9,300 | | | | 82,398 | |
| Delta Air Lines, Inc. | * | | | 66,469 | | | | 384,856 | |
| ExpressJet Holdings, Inc. | * | | | 387 | | | | 534 | |
| JetBlue Airways Corp. | *† | | | 23,246 | | | | 99,260 | |
| Mesa Air Group, Inc. | * | | | 2,928 | | | | 293 | |
| Pinnacle Airlines Corp. | * | | | 4,709 | | | | 13,232 | |
| Republic Airways Holdings, Inc. | * | | | 3,638 | | | | 23,756 | |
| Skywest, Inc. | | | | 5,070 | | | | 51,714 | |
| UAL Corp. | * | | | 10,705 | | | $ | 34,149 | |
| US Airways Group, Inc. | * | | | 8,416 | | | | 20,451 | |
| | | | | | | 1,005,948 | |
Auto Components—0.7% |
| American Axle & Manufacturing Holdings, Inc. | | | | 2,814 | | | | 9,680 | |
| Amerigon, Inc. | *† | | | 6,624 | | | | 40,406 | |
| ArvinMeritor, Inc. | † | | | 5,690 | | | | 24,979 | |
| BorgWarner, Inc. | | | | 10,675 | | | | 364,551 | |
| Cooper Tire & Rubber Co. | † | | | 3,864 | | | | 38,331 | |
| Dana Holding Corp. | * | | | 5,121 | | | | 6,555 | |
| Drew Industries, Inc. | *† | | | 1,570 | | | | 19,107 | |
| Exide Technologies | *† | | | 9,741 | | | | 36,334 | |
| Fuel Systems Solutions, Inc. | *† | | | 2,117 | | | | 42,742 | |
| Gentex Corp. | | | | 11,177 | | | | 129,653 | |
| Lear Corp. | * | | | 4,509 | | | | 2,255 | |
| Modine Manufacturing Co. | | | | 8,209 | | | | 39,403 | |
| Proliance International, Inc. | *‡ | | | 2,240 | | | | 224 | |
| Quantum Fuel Systems Technologies Worldwide, Inc. | *† | | | 11,052 | | | | 8,522 | |
| Shiloh Industries, Inc. | * | | | 1,441 | | | | 5,317 | |
| Spartan Motors, Inc. | | | | 6,140 | | | | 69,566 | |
| Standard Motor Products, Inc. | | | | 2,540 | | | | 21,006 | |
| Strattec Security Corp. | | | | 124 | | | | 1,711 | |
| Superior Industries International, Inc. | | | | 2,013 | | | | 28,383 | |
| Tenneco, Inc. | * | | | 7,951 | | | | 84,281 | |
| TRW Automotive Holdings Corp. | * | | | 7,855 | | | | 88,762 | |
| WABCO Holdings, Inc. | | | | 6,612 | | | | 117,033 | |
| | | | | | | 1,178,801 | |
Automobiles—0.1% |
| Thor Industries, Inc. | | | | 3,595 | | | | 66,040 | |
| Winnebago Industries, Inc. | | | | 3,534 | | | | 26,258 | |
| | | | | | | 92,298 | |
Beverages—0.3% |
| Boston Beer Co., Inc., Class A | *† | | | 1,180 | | | | 34,916 | |
| Central European Distribution Corp. | * | | | 3,976 | | | | 105,642 | |
| Coca-Cola Bottling Co. Consolidated | | | | 437 | | | | 24,092 | |
| Hansen Natural Corp. | * | | | 6,439 | | | | 198,450 | |
| Jones Soda Co. | *† | | | 1,928 | | | | 2,140 | |
| National Beverage Corp. | *† | | | 766 | | | | 8,158 | |
| PepsiAmericas, Inc. | | | | 5,363 | | | | 143,782 | |
| | | | | | | 517,180 | |
Biotechnology—2.8% |
| Aastrom Biosciences, Inc. | *† | | | 3,290 | | | | 1,390 | |
| Abraxis Bioscience, Inc. | * | | | 903 | | | | 33,285 | |
| Acorda Therapeutics, Inc. | * | | | 3,687 | | | | 103,937 | |
| Alexion Pharmaceuticals, Inc. | *† | | | 7,119 | | | | 292,733 | |
| Alkermes, Inc. | * | | | 8,470 | | | | 91,645 | |
| Allos Therapeutics, Inc. | * | | | 7,571 | | | | 62,764 | |
| Alnylam Pharmaceuticals, Inc. | *† | | | 3,514 | | | | 78,257 | |
| Amylin Pharmaceuticals, Inc. | *† | | | 13,759 | | | | 185,747 | |
| Anadys Pharmaceuticals, Inc. | * | | | 1,662 | | | | 3,091 | |
| Antigenics, Inc. | *† | | | 9,214 | | | | 19,349 | |
| ARCA Biopharma, Inc. | * | | | 436 | | | | 1,395 | |
| Arena Pharmaceuticals, Inc. | *† | | | 8,294 | | | | 41,387 | |
| Ariad Pharmaceuticals, Inc. | * | | | 12,199 | | | | 19,396 | |
| Arqule, Inc. | *† | | | 4,724 | | | | 29,005 | |
| Array Biopharma, Inc. | * | | | 4,170 | | | | 13,094 | |
| AVI BioPharma, Inc. | *† | | | 7,700 | | | | 12,166 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Avigen, Inc. | * | | | 3,880 | | | $ | 5,122 | |
| BioCryst Pharmaceuticals, Inc. | *† | | | 3,943 | | | | 15,890 | |
| BioMarin Pharmaceutical, Inc. | *† | | | 8,533 | | | | 133,200 | |
| Celera Corp. | * | | | 8,151 | | | | 62,192 | |
| Cell Genesys, Inc. | *† | | | 10,214 | | | | 2,982 | |
| Cell Therapeutics, Inc. | *† | | | 39,790 | | | | 68,439 | |
| Celldex Therapeutics, Inc. | * | | | 1,799 | | | | 14,068 | |
| Cepheid, Inc. | * | | | 5,446 | | | | 51,301 | |
| Cougar Biotechnology, Inc. | * | | | 1,625 | | | | 69,810 | |
| Cubist Pharmaceuticals, Inc. | * | | | 4,798 | | | | 87,947 | |
| Cytokinetics, Inc. | * | | | 4,127 | | | | 11,679 | |
| CytRx Corp. | *† | | | 10,564 | | | | 11,515 | |
| Dendreon Corp. | *† | | | 9,889 | | | | 245,742 | |
| Dyax Corp. | * | | | 9,610 | | | | 20,565 | |
| Emergent Biosolutions, Inc. | * | | | 2,525 | | | | 36,183 | |
| Entremed, Inc. | * | | | 1,390 | | | | 695 | |
| Enzon Pharmaceuticals, Inc. | *† | | | 4,016 | | | | 31,606 | |
| EPIX Pharmaceuticals, Inc. | * | | | 3,320 | | | | 448 | |
| Exact Sciences Corp. | *† | | | 7,997 | | | | 21,192 | |
| Facet Biotech Corp. | * | | | 3,490 | | | | 32,422 | |
| Genaera Corp. | * | | | 797 | | | | 56 | |
| Genomic Health, Inc. | * | | | 1,858 | | | | 32,199 | |
| Geron Corp. | *† | | | 11,195 | | | | 85,866 | |
| GTC Biotherapeutics, Inc. | * | | | 398 | | | | 1,059 | |
| GTx, Inc. | *† | | | 1,710 | | | | 15,783 | |
| Halozyme Therapeutics, Inc. | * | | | 5,974 | | | | 41,639 | |
| Hana Biosciences, Inc. | * | | | 3,510 | | | | 1,659 | |
| Hemispherx Biopharma, Inc. | *† | | | 4,821 | | | | 12,245 | |
| Human Genome Sciences, Inc. | *† | | | 8,883 | | | | 25,405 | |
| Idenix Pharmaceuticals, Inc. | * | | | 3,110 | | | | 11,445 | |
| Idera Pharmaceuticals, Inc. | * | | | 1,932 | | | | 11,322 | |
| Immunogen, Inc. | *† | | | 5,986 | | | | 51,539 | |
| Immunomedics, Inc. | * | | | 6,421 | | | | 16,309 | |
| Incyte Corp. Ltd. | *† | | | 7,333 | | | | 24,126 | |
| InterMune, Inc. | *† | | | 2,819 | | | | 42,849 | |
| Isis Pharmaceuticals, Inc. | *† | | | 8,107 | | | | 133,765 | |
| Keryx Biopharmaceuticals, Inc. | *† | | | 3,220 | | | | 2,905 | |
| Lexicon Pharmaceuticals, Inc. | * | | | 7,724 | | | | 9,578 | |
| Ligand Pharmaceuticals, Inc., Class B | * | | | 9,497 | | | | 27,161 | |
| MannKind Corp. | *† | | | 6,322 | | | | 52,536 | |
| Martek Biosciences Corp. | *† | | | 2,505 | | | | 52,981 | |
| Maxygen, Inc. | *† | | | 2,991 | | | | 20,100 | |
| Medarex, Inc. | * | | | 11,242 | | | | 93,871 | |
| Medivation, Inc. | *† | | | 2,987 | | | | 66,939 | |
| Metabolix, Inc. | * | | | 2,162 | | | | 17,772 | |
| Momenta Pharmaceuticals, Inc. | * | | | 3,492 | | | | 42,009 | |
| Monogram Biosciences, Inc. | * | | | 6,663 | | | | 30,183 | |
| Myriad Genetics, Inc. | * | | | 8,564 | | | | 305,307 | |
| Myriad Pharmaceuticals, Inc. | * | | | 2,141 | | | | 9,956 | |
| Nabi Biopharmaceuticals | * | | | 6,806 | | | | 16,471 | |
| Neurobiological Technologies, Inc. | * | | | 448 | | | | 302 | |
| Neurocrine Biosciences, Inc. | * | | | 6,840 | | | | 22,093 | |
| Novavax, Inc. | *† | | | 11,268 | | | | 36,959 | |
| NPS Pharmaceuticals, Inc. | * | | | 7,595 | | | | 35,393 | |
| Onyx Pharmaceuticals, Inc. | * | | | 5,010 | | | | 141,583 | |
| Orthologic Corp. | * | | | 1,517 | | | | 1,077 | |
| Oscient Pharmaceuticals Corp. | * | | | 4,064 | | | | 809 | |
| OSI Pharmaceuticals, Inc. | * | | | 4,789 | | | | 135,193 | |
| Osiris Therapeutics, Inc. | *† | | | 2,984 | | | | 40,075 | |
| PDL BioPharma, Inc. | | | | 13,184 | | | | 104,154 | |
| Peregrine Pharmaceuticals, Inc. | * | | | 9,115 | | | | 7,657 | |
| Pharmasset, Inc. | *† | | | 3,318 | | | | 37,328 | |
| Poniard Pharmaceuticals, Inc. | *† | | | 3,696 | | | | 22,065 | |
| Progenics Pharmaceuticals, Inc. | * | | | 2,623 | | | | 13,508 | |
| Regeneron Pharmaceuticals, Inc. | * | | | 5,878 | | | $ | 105,334 | |
| Repligen Corp. | * | | | 3,422 | | | | 18,821 | |
| Rigel Pharmaceuticals, Inc. | *† | | | 3,086 | | | | 37,402 | |
| RXi Pharmaceuticals Corp. | * | | | 6,212 | | | | 28,202 | |
| Sangamo Biosciences, Inc. | *† | | | 8,595 | | | | 42,459 | |
| Savient Pharmaceuticals, Inc. | *† | | | 6,048 | | | | 83,825 | |
| Sciclone Pharmaceuticals, Inc. | *† | | | 4,800 | | | | 12,288 | |
| Seattle Genetics, Inc. | *† | | | 7,531 | | | | 73,201 | |
| SIGA Technologies, Inc. | *† | | | 4,650 | | | | 39,246 | |
| StemCells, Inc. | *† | | | 8,757 | | | | 14,887 | |
| Targeted Genetics Corp. | * | | | 3,456 | | | | 1,206 | |
| Telik, Inc. | * | | | 6,069 | | | | 5,153 | |
| Theravance, Inc. | *† | | | 4,427 | | | | 64,811 | |
| TorreyPines Therapeutics, Inc. | * | | | 346 | | | | 45 | |
| Trimeris, Inc. | † | | | 4,014 | | | | 8,108 | |
| United Therapeutics Corp. | *† | | | 2,130 | | | | 177,493 | |
| Vanda Pharmaceuticals, Inc. | *† | | | 2,119 | | | | 24,941 | |
| Vertex Pharmaceuticals, Inc. | * | | | 15,298 | | | | 545,221 | |
| Vion Pharmaceuticals, Inc. | *† | | | 450 | | | | 886 | |
| XOMA Ltd. | *† | | | 12,047 | | | | 9,879 | |
| Zymogenetics, Inc. | * | | | 4,513 | | | | 20,760 | |
| | | | | | | 5,079,038 | |
Building Products—0.4% |
| American Woodmark Corp. | | | | 800 | | | | 19,160 | |
| Ameron International Corp. | | | | 853 | | | | 57,185 | |
| Apogee Enterprises, Inc. | † | | | 2,250 | | | | 27,675 | |
| Armstrong World Industries, Inc. | * | | | 1,349 | | | | 22,245 | |
| Gibraltar Industries, Inc. | | | | 1,868 | | | | 12,833 | |
| Griffon Corp. | * | | | 6,441 | | | | 53,589 | |
| Insteel Industries, Inc. | † | | | 1,400 | | | | 11,536 | |
| Jewett-Cameron Trading Ltd. | * | | | 1,575 | | | | 8,159 | |
| Lennox International, Inc. | † | | | 4,506 | | | | 144,688 | |
| NCI Building Systems, Inc. | *† | | | 1,232 | | | | 3,253 | |
| Owens Corning, Inc. | * | | | 8,816 | | | | 112,669 | |
| Quanex Building Products Corp. | | | | 5,050 | | | | 56,661 | |
| Simpson Manufacturing Co., Inc. | † | | | 3,679 | | | | 79,540 | |
| Trex Co., Inc. | * | | | 3,584 | | | | 47,918 | |
| U.S. Home Systems, Inc. | * | | | 1,292 | | | | 3,346 | |
| Universal Forest Products, Inc. | † | | | 1,649 | | | | 54,565 | |
| USG Corp. | * | | | 6,605 | | | | 66,512 | |
| | | | | | | 781,534 | |
Capital Markets—2.0% |
| Affiliated Managers Group, Inc. | * | | | 3,775 | | | | 219,667 | |
| AllianceBernstein Holding LP | | | | 2,430 | | | | 48,819 | |
| BGC Partners, Inc., Class A | | | | 6,185 | | | | 23,441 | |
| BlackRock, Inc. | | | | 1,865 | | | | 327,158 | |
| Blackstone Group LP (The) | | | | 12,504 | | | | 131,792 | |
| Calamos Asset Management, Inc., Class A | | | | 1,520 | | | | 21,447 | |
| Cowen Group, Inc. | * | | | 1,468 | | | | 12,258 | |
| Deerfield Capital Corp. | | | | 522 | | | | 2,344 | |
| Diamond Hill Investment Group, Inc. | * | | | 649 | | | | 26,077 | |
| Eaton Vance Corp. | | | | 10,512 | | | | 281,196 | |
| Evercore Partners, Inc., Class A | † | | | 2,490 | | | | 48,904 | |
| FCStone Group, Inc. | * | | | 4,434 | | | | 17,514 | |
| GAMCO Investors, Inc., Class A | † | | | 1,039 | | | | 50,391 | |
| GFI Group, Inc. | | | | 4,612 | | | | 31,085 | |
| GLG Partners, Inc. | † | | | 20,843 | | | | 85,248 | |
| Greenhill & Co., Inc. | † | | | 1,005 | | | | 72,571 | |
See accompanying notes to financial statements.
226
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COMMON STOCKS—(Continued) |
| Investment Technology Group, Inc. | * | | | 3,741 | | | $ | 76,279 | |
| Jefferies Group, Inc. | * | | | 10,822 | | | | 230,833 | |
| KBW, Inc. | *† | | | 2,524 | | | | 72,590 | |
| Kent Financial Services, Inc. | * | | | 2,200 | | | | 3,685 | |
| Knight Capital Group, Inc., Class A | * | | | 7,161 | | | | 122,095 | |
| LaBranche & Co., Inc. | * | | | 5,402 | | | | 23,229 | |
| Lazard Ltd., Class A (Bermuda) | † | | | 6,632 | | | | 178,533 | |
| MF Global Ltd. (Bermuda) | *† | | | 9,974 | | | | 59,146 | |
| optionsXpress Holdings, Inc. | | | | 3,947 | | | | 61,297 | |
| Penson Worldwide, Inc. | *† | | | 2,610 | | | | 23,359 | |
| Piper Jaffray Cos. | * | | | 1,712 | | | | 74,763 | |
| Raymond James Financial, Inc. | † | | | 8,210 | | | | 141,294 | |
| Riskmetrics Group, Inc. | *† | | | 2,472 | | | | 43,656 | |
| Safeguard Scientifics, Inc. | *† | | | 10,874 | | | | 14,354 | |
| Sanders Morris Harris Group, Inc. | | | | 2,882 | | | | 15,851 | |
| SEI Investments Co. | | | | 13,333 | | | | 240,527 | |
| Siebert Financial Corp. | * | | | 1,470 | | | | 2,514 | |
| Stifel Financial Corp. | * | | | 1,994 | | | | 95,891 | |
| SWS Group, Inc. | | | | 2,331 | | | | 32,564 | |
| TD Ameritrade Holding Corp. | * | | | 21,483 | | | | 376,812 | |
| Teton Advisors, Inc. | *†‡ | | | 16 | | | | 6 | |
| Thomas Weisel Partners Group, Inc. | * | | | 2,162 | | | | 13,015 | |
| TradeStation Group, Inc. | * | | | 3,191 | | | | 26,996 | |
| U.S. Global Investors, Inc., Class A | | | | 934 | | | | 8,649 | |
| Virtus Investment Partners, Inc. | * | | | 494 | | | | 7,257 | |
| W.P. Carey & Co. LLC | | | | 3,409 | | | | 85,157 | |
| Waddell & Reed Financial, Inc., Class A | | | | 7,326 | | | | 193,187 | |
| Westwood Holdings Group, Inc. | † | | | 1,768 | | | | 73,920 | |
| | | | | | | 3,697,371 | |
Chemicals—2.5% |
| A. Schulman, Inc. | | | | 2,297 | | | | 34,708 | |
| Airgas, Inc. | | | | 5,928 | | | | 240,262 | |
| Albemarle Corp. | | | | 7,589 | | | | 194,051 | |
| Arch Chemicals, Inc. | † | | | 2,418 | | | | 59,459 | |
| Ashland, Inc. | | | | 5,906 | | | | 165,663 | |
| Balchem Corp. | | | | 2,127 | | | | 52,154 | |
| Cabot Corp. | | | | 4,167 | | | | 52,421 | |
| Calgon Carbon Corp. | * | | | 4,409 | | | | 61,241 | |
| Celanese Corp., Class A | | | | 12,821 | | | | 304,499 | |
| Cytec Industries, Inc. | † | | | 4,124 | | | | 76,789 | |
| Ferro Corp. | † | | | 3,833 | | | | 10,541 | |
| Flotek Industries, Inc. | *† | | | 1,346 | | | | 2,732 | |
| FMC Corp. | | | | 6,063 | | | | 286,780 | |
| Georgia Gulf Corp. | * | | | 6,311 | | | | 4,039 | |
| H.B. Fuller Co. | | | | 4,230 | | | | 79,397 | |
| Huntsman Corp. | | | | 12,788 | | | | 64,324 | |
| ICO, Inc. | * | | | 2,739 | | | | 7,450 | |
| Intrepid Potash, Inc. | *† | | | 3,976 | | | | 111,646 | |
| Koppers Holdings, Inc. | | | | 2,428 | | | | 64,026 | |
| Kronos Worldwide, Inc. | † | | | 235 | | | | 1,563 | |
| Landec Corp. | * | | | 3,037 | | | | 20,621 | |
| LSB Industries, Inc. | * | | | 1,412 | | | | 22,832 | |
| Lubrizol Corp. | | | | 5,588 | | | | 264,368 | |
| Material Sciences Corp. | *† | | | 2,565 | | | | 2,437 | |
| Minerals Technologies, Inc. | | | | 1,818 | | | | 65,484 | |
| Mosaic Co. (The) | | | | 12,923 | | | | 572,489 | |
| Nalco Holding Co. | | | | 10,928 | | | | 184,027 | |
| NewMarket Corp. | | | | 1,151 | | | | 77,497 | |
| NL Industries, Inc. | † | | | 412 | | | $ | 3,041 | |
| Olin Corp. | | | | 5,549 | | | | 65,978 | |
| OM Group, Inc. | *† | | | 3,099 | | | | 89,933 | |
| Omnova Solutions, Inc. | * | | | 3,769 | | | | 12,287 | |
| Penford Corp. | † | | | 2,075 | | | | 12,014 | |
| PolyOne Corp. | * | | | 7,843 | | | | 21,255 | |
| Quaker Chemical Corp. | | | | 1,303 | | | | 17,317 | |
| Rockwood Holdings, Inc. | * | | | 3,784 | | | | 55,398 | |
| RPM International, Inc. | | | | 10,721 | | | | 150,523 | |
| Scotts Miracle-Gro Co. (The), Class A | | | | 3,586 | | | | 125,689 | |
| Sensient Technologies Corp. | | | | 4,270 | | | | 96,374 | |
| Solutia, Inc. | * | | | 6,865 | | | | 39,542 | |
| Spartech Corp. | | | | 2,131 | | | | 19,584 | |
| Stepan Co. | | | | 1,197 | | | | 52,859 | |
| Terra Industries, Inc. | | | | 8,410 | | | | 203,690 | |
| Terra Nitrogen Co. LP | | | | 666 | | | | 67,119 | |
| Valhi, Inc. | | | | 741 | | | | 5,506 | |
| Valspar Corp. | | | | 7,934 | | | | 178,753 | |
| W.R. Grace & Co. | * | | | 6,348 | | | | 78,525 | |
| Westlake Chemical Corp. | † | | | 2,003 | | | | 40,841 | |
| Zep, Inc. | † | | | 2,287 | | | | 27,558 | |
| Zoltek Cos., Inc. | *† | | | 3,934 | | | | 38,238 | |
| | | | | | | 4,485,524 | |
Commercial Banks—3.5% |
| 1st Source Corp. | | | | 1,977 | | | | 34,143 | |
| Alliance Bankshares Corp. | * | | | 745 | | | | 1,788 | |
| Amcore Financial, Inc. | † | | | 2,073 | | | | 1,700 | |
| AmericanWest Bancorp | * | | | 1,951 | | | | 1,093 | |
| Ameris Bancorp | | | | 3,012 | | | | 19,036 | |
| Arrow Financial Corp. | † | | | 2,212 | | | | 59,724 | |
| Associated Banc-Corp | | | | 9,636 | | | | 120,450 | |
| BancFirst Corp. | † | | | 1,092 | | | | 37,761 | |
| Bancorp, Inc. (The)/Delaware | * | | | 2,979 | | | | 17,874 | |
| BancorpSouth, Inc. | † | | | 7,557 | | | | 155,145 | |
| BancTrust Financial Group, Inc. | † | | | 1,600 | | | | 4,800 | |
| Bank of Hawaii Corp. | | | | 3,824 | | | | 137,014 | |
| Bank of the Ozarks, Inc. | † | | | 1,692 | | | | 36,598 | |
| Banner Corp. | † | | | 2,682 | | | | 10,245 | |
| BOK Financial Corp. | † | | | 2,311 | | | | 87,055 | |
| Boston Private Financial Holdings, Inc. | † | | | 8,952 | | | | 40,105 | |
| Bryn Mawr Bank Corp. | † | | | 1,548 | | | | 29,211 | |
| Camden National Corp. | | | | 1,411 | | | | 48,016 | |
| Capital Bank Corp. | | | | 1,283 | | | | 6,094 | |
| Capital City Bank Group, Inc. | † | | | 1,576 | | | | 26,556 | |
| CapitalSource, Inc. | | | | 23,158 | | | | 113,011 | |
| Capitol Bancorp Ltd. | † | | | 1,172 | | | | 3,106 | |
| Cardinal Financial Corp. | | | | 5,028 | | | | 39,369 | |
| Cascade Bancorp | † | | | 4,795 | | | | 6,761 | |
| Cascade Financial Corp. | | | | 1,063 | | | | 2,296 | |
| Cathay General Bancorp | † | | | 5,713 | | | | 54,331 | |
| Catskill Litigation Trust | *‡δ | | | 583 | | | | — | |
| Center Financial Corp. | | | | 3,188 | | | | 8,034 | |
| Central Pacific Financial Corp. | † | | | 2,937 | | | | 11,014 | |
| Chemical Financial Corp. | | | | 2,317 | | | | 46,131 | |
| Citizens Republic Bancorp, Inc. | * | | | 18,265 | | | | 12,968 | |
| City Bank/Washington | † | | | 1,647 | | | | 3,887 | |
| City Holding Co. | | | | 1,962 | | | | 59,566 | |
| City National Corp./California | † | | | 3,185 | | | | 117,304 | |
| CoBiz Financial, Inc. | † | | | 3,329 | | | | 21,339 | |
| Colonial BancGroup, Inc. (The) | † | | | 13,873 | | | | 8,601 | |
| Columbia Banking System, Inc. | † | | | 2,974 | | | | 30,424 | |
| Commerce Bancshares, Inc./Missouri | † | | | 5,486 | | | | 174,619 | |
See accompanying notes to financial statements.
227
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| Community Bancorp/Nevada | *† | | | 1,010 | | | $ | 939 | |
| Community Bank System, Inc. | † | | | 3,080 | | | | 44,845 | |
| Community Trust Bancorp, Inc. | † | | | 1,658 | | | | 44,352 | |
| Cullen/Frost Bankers, Inc. | | | | 4,624 | | | | 213,259 | |
| CVB Financial Corp. | † | | | 6,148 | | | | 36,704 | |
| East West Bancorp, Inc. | † | | | 10,012 | | | | 64,978 | |
| Eastern Virginia Bankshares, Inc. | † | | | 701 | | | | 6,057 | |
| Fidelity Southern Corp. | | | | 1,400 | | | | 4,060 | |
| Financial Institutions, Inc. | | | | 2,448 | | | | 33,440 | |
| First BanCorp. (Puerto Rico) | † | | | 11,152 | | | | 44,050 | |
| First Bancorp/North Carolina | † | | | 2,459 | | | | 38,557 | |
| First Busey Corp. | † | | | 2,491 | | | | 18,309 | |
| First Citizens BancShares, Inc./North Carolina, Class A | | | | 499 | | | | 66,691 | |
| First Commonwealth Financial Corp. | | | | 6,466 | | | | 40,994 | |
| First Financial Bancorp | | | | 4,349 | | | | 32,704 | |
| First Financial Bankshares, Inc. | † | | | 1,727 | | | | 86,972 | |
| First Merchants Corp. | | | | 2,436 | | | | 19,561 | |
| First Midwest Bancorp, Inc./Illinois | † | | | 6,091 | | | | 44,525 | |
| First of Long Island Corp. (The) | † | | | 2,027 | | | | 46,905 | |
| First State Bancorporation/New Mexico | * | | | 2,566 | | | | 4,952 | |
| FirstMerit Corp. | | | | 6,129 | | | | 104,069 | |
| FNB Corp./Pennsylvania | † | | | 10,042 | | | | 62,160 | |
| Frontier Financial Corp. | † | | | 4,631 | | | | 5,604 | |
| Fulton Financial Corp. | | | | 15,320 | | | | 79,817 | |
| Glacier Bancorp, Inc. | † | | | 5,600 | | | | 82,712 | |
| Great Southern Bancorp, Inc. | † | | | 1,809 | | | | 37,175 | |
| Green Bankshares, Inc. | † | | | 2,129 | | | | 9,538 | |
| Guaranty Bancorp | * | | | 4,150 | | | | 7,927 | |
| Hancock Holding Co. | † | | | 2,349 | | | | 76,319 | |
| Hanmi Financial Corp. | † | | | 5,069 | | | | 8,871 | |
| Harleysville National Corp. | | | | 4,586 | | | | 21,554 | |
| Heritage Commerce Corp. | | | | 2,635 | | | | 9,802 | |
| Heritage Financial Corp./Washington | | | | 972 | | | | 11,236 | |
| Horizon Financial Corp. | † | | | 1,660 | | | | 1,843 | |
| IBERIABANK Corp. | | | | 2,147 | | | | 84,613 | |
| Independent Bank Corp./Massachusetts | † | | | 2,234 | | | | 44,010 | |
| Independent Bank Corp./Michigan | † | | | 3,884 | | | | 5,127 | |
| Integra Bank Corp. | | | | 1,659 | | | | 1,908 | |
| International Bancshares Corp. | † | | | 6,833 | | | | 70,448 | |
| Investors Bancorp, Inc. | * | | | 4,407 | | | | 40,368 | |
| Irwin Financial Corp. | * | | | 5,031 | | | | 3,622 | |
| Lakeland Financial Corp. | | | | 2,823 | | | | 53,637 | |
| Macatawa Bank Corp. | *† | | | 1,599 | | | | 4,509 | |
| MainSource Financial Group, Inc. | † | | | 3,185 | | | | 23,633 | |
| MB Financial, Inc. | † | | | 3,847 | | | | 39,201 | |
| Merchants Bancshares, Inc. | | | | 1,298 | | | | 28,803 | |
| Midsouth Bancorp, Inc. | | | | 1,241 | | | | 20,849 | |
| Midwest Banc Holdings, Inc. | *† | | | 1,420 | | | | 1,051 | |
| MidWestOne Financial Group, Inc. | | | | 1,494 | | | | 11,668 | |
| Nara Bancorp, Inc. | | | | 3,860 | | | | 19,995 | |
| National Penn Bancshares, Inc. | | | | 6,952 | | | | 32,049 | |
| NBT Bancorp, Inc. | † | | | 4,152 | | | | 90,140 | |
| Northern States Financial Corp. | * | | | 773 | | | | 4,120 | |
| Northfield Bancorp, Inc. | | | | 3,239 | | | | 37,637 | |
| Old National Bancorp/Indiana | † | | | 5,304 | | | | 52,085 | |
| Old Second Bancorp, Inc. | † | | | 1,975 | | | $ | 11,653 | |
| Oriental Financial Group, Inc. (Puerto Rico) | | | | 5,322 | | | | 51,623 | |
| Pacific Capital Bancorp | † | | | 5,547 | | | | 11,871 | |
| Pacific Premier Bancorp, Inc. | * | | | 977 | | | | 4,768 | |
| PacWest Bancorp | | | | 2,392 | | | | 31,479 | |
| Park National Corp. | † | | | 1,146 | | | | 64,726 | |
| Peapack Gladstone Financial Corp. | | | | 1,035 | | | | 19,965 | |
| Peoples Bancorp, Inc./Ohio | | | | 1,235 | | | | 21,057 | |
| Peoples Financial Corp./Mississippi | † | | | 1,631 | | | | 30,989 | |
| Pinnacle Financial Partners, Inc. | *† | | | 2,764 | | | | 36,816 | |
| Popular, Inc. (Puerto Rico) | † | | | 23,481 | | | | 51,658 | |
| Preferred Bank/California | | | | 3,314 | | | | 12,593 | |
| PrivateBancorp, Inc. | † | | | 4,246 | | | | 94,431 | |
| Prosperity Bancshares, Inc. | † | | | 4,202 | | | | 125,346 | |
| Renasant Corp. | † | | | 2,255 | | | | 33,870 | |
| Republic Bancorp, Inc./Kentucky, Class A | † | | | 1,024 | | | | 23,132 | |
| Royal Bancshares of Pennsylvania, Inc., Class A | * | | | 882 | | | | 1,649 | |
| S&T Bancorp, Inc. | † | | | 2,764 | | | | 33,610 | |
| Sandy Spring Bancorp, Inc. | † | | | 2,239 | | | | 32,913 | |
Santander BanCorp
(Puerto Rico) | * | | | 511 | | | | 3,557 | |
| Seacoast Banking Corp. of Florida | † | | | 2,998 | | | | 7,285 | |
| Security Bank Corp./Georgia | * | | | 2,778 | | | | 1,195 | |
| Shore Bancshares, Inc. | | | | 1,570 | | | | 28,166 | |
| Sierra Bancorp | † | | | 844 | | | | 10,660 | |
| Signature Bank/New York | * | | | 3,183 | | | | 86,323 | |
| Simmons First National Corp., Class A | | | | 1,650 | | | | 44,088 | |
| South Financial Group, Inc. (The) | | | | 10,203 | | | | 12,142 | |
| Southwest Bancorp, Inc./Oklahoma | | | | 2,739 | | | | 26,733 | |
| State Bancorp, Inc./New York | | | | 3,354 | | | | 25,356 | |
| Sterling Bancorp/New York | | | | 3,135 | | | | 26,177 | |
| Sterling Bancshares, Inc./Texas | | | | 8,065 | | | | 51,051 | |
| Sterling Financial Corp./Washington | † | | | 4,010 | | | | 11,669 | |
| Suffolk Bancorp | † | | | 1,614 | | | | 41,383 | |
| Superior Bancorp | * | | | 728 | | | | 1,900 | |
| Susquehanna Bancshares, Inc. | † | | | 7,650 | | | | 37,409 | |
| SVB Financial Group | *† | | | 3,535 | | | | 96,223 | |
| SY Bancorp, Inc. | † | | | 1,644 | | | | 39,735 | |
| Synovus Financial Corp. | | | | 24,599 | | | | 73,551 | |
| TCF Financial Corp. | † | | | 11,840 | | | | 158,301 | |
| Texas Capital Bancshares, Inc. | * | | | 3,110 | | | | 48,112 | |
| Tompkins Financial Corp. | † | | | 989 | | | | 47,423 | |
| TowneBank/Virginia | † | | | 2,280 | | | | 31,920 | |
| Trustmark Corp. | | | | 4,656 | | | | 89,954 | |
| UCBH Holdings, Inc. | † | | | 9,389 | | | | 11,830 | |
| UMB Financial Corp. | † | | | 3,326 | | | | 126,421 | |
| Umpqua Holdings Corp. | † | | | 5,769 | | | | 44,767 | |
| Union Bankshares Corp./Virginia | † | | | 2,131 | | | | 31,901 | |
| United Bankshares, Inc. | † | | | 4,222 | | | | 82,498 | |
| United Community Banks, Inc./Georgia | *† | | | 3,999 | | | | 23,951 | |
| Valley National Bancorp | † | | | 14,209 | | | | 166,245 | |
| Virginia Commerce Bancorp | * | | | 2,314 | | | | 5,322 | |
| W Holding Co., Inc. (Puerto Rico) | † | | | 372 | | | | 5,282 | |
| Washington Trust Bancorp, Inc. | † | | | 1,813 | | | | 32,326 | |
| Webster Financial Corp. | † | | | 3,649 | | | | 29,374 | |
| WesBanco, Inc. | | | | 2,340 | | | | 34,024 | |
See accompanying notes to financial statements.
228
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| West Coast Bancorp/Oregon | † | | | 2,717 | | | $ | 5,543 | |
| Westamerica Bancorporation | † | | | 2,577 | | | | 127,845 | |
| Western Alliance Bancorp | * | | | 7,301 | | | | 49,939 | |
| Whitney Holding Corp./Louisiana | | | | 5,129 | | | | 46,982 | |
| Wilmington Trust Corp. | | | | 5,828 | | | | 79,610 | |
| Wilshire Bancorp, Inc. | | | | 2,608 | | | | 14,996 | |
| Wintrust Financial Corp. | | | | 2,780 | | | | 44,702 | |
| | | | | | | 6,326,143 | |
Commercial Services & Supplies—1.5% |
| ABM Industries, Inc. | | | | 4,088 | | | | 73,870 | |
| ACCO Brands Corp. | * | | | 6,182 | | | | 17,433 | |
| American Ecology Corp. | | | | 2,133 | | | | 38,223 | |
| American Reprographics Co. | * | | | 3,490 | | | | 29,037 | |
| APAC Customer Services, Inc. | *† | | | 1,972 | | | | 10,116 | |
| ATC Technology Corp. | * | | | 1,503 | | | | 21,794 | |
| Bowne & Co., Inc. | | | | 4,054 | | | | 26,392 | |
| Brink’s Co. (The) | | | | 3,422 | | | | 99,341 | |
| Casella Waste Systems, Inc., Class A | *† | | | 5,820 | | | | 11,582 | |
| Cenveo, Inc. | *† | | | 8,319 | | | | 35,189 | |
| Clean Harbors, Inc. | * | | | 2,210 | | | | 119,318 | |
| Comfort Systems USA, Inc. | | | | 3,803 | | | | 38,981 | |
| Consolidated Graphics, Inc. | *† | | | 699 | | | | 12,177 | |
| Copart, Inc. | * | | | 5,941 | | | | 205,974 | |
| Cornell Cos., Inc. | * | | | 1,730 | | | | 28,043 | |
| Corrections Corp. of America | * | | | 11,315 | | | | 192,242 | |
| Courier Corp. | | | | 1,904 | | | | 29,055 | |
| Covanta Holding Corp. | * | | | 12,238 | | | | 207,556 | |
| Deluxe Corp. | | | | 6,448 | | | | 82,599 | |
| EnergySolutions, Inc. | | | | 7,259 | | | | 66,783 | |
| Ennis, Inc. | | | | 2,217 | | | | 27,624 | |
| G&K Services, Inc., Class A | | | | 1,576 | | | | 33,332 | |
| Geo Group, Inc. (The) | * | | | 4,245 | | | | 78,872 | |
| GeoEye, Inc. | *† | | | 1,729 | | | | 40,735 | |
| Healthcare Services Group, Inc. | † | | | 3,902 | | | | 69,768 | |
| Herman Miller, Inc. | | | | 5,018 | | | | 76,976 | |
| HNI Corp. | † | | | 2,371 | | | | 42,820 | |
| Interface, Inc., Class A | | | | 3,470 | | | | 21,514 | |
| Intersections, Inc. | * | | | 1,900 | | | | 8,816 | |
| Kimball International, Inc., Class B | | | | 4,445 | | | | 27,737 | |
| Knoll, Inc. | † | | | 4,195 | | | | 31,798 | |
| M&F Worldwide Corp. | *† | | | 1,251 | | | | 25,020 | |
| McGrath Rentcorp | | | | 2,460 | | | | 46,888 | |
| Metalico, Inc. | *† | | | 1,513 | | | | 7,051 | |
| Mine Safety Appliances Co. | | | | 2,725 | | | | 65,673 | |
| Mobile Mini, Inc. | *† | | | 3,320 | | | | 48,704 | |
| Multi-Color Corp. | | | | 1,912 | | | | 23,441 | |
| Nashua Corp. | * | | | 1,542 | | | | 10,331 | |
| Perma-Fix Environmental Services, Inc. | * | | | 5,502 | | | | 13,315 | |
| Rollins, Inc. | | | | 3,813 | | | | 66,003 | |
| Standard Register Co. (The) | | | | 1,650 | | | | 5,379 | |
| Steelcase, Inc., Class A | | | | 4,515 | | | | 26,277 | |
| Sykes Enterprises, Inc. | *† | | | 3,519 | | | | 63,659 | |
| Team, Inc. | * | | | 1,659 | | | | 25,997 | |
| Tetra Tech, Inc. | *† | | | 5,114 | | | | 146,516 | |
| TRC Cos., Inc. | * | | | 998 | | | | 3,992 | |
| United Stationers, Inc. | * | | | 2,055 | | | | 71,678 | |
| Viad Corp. | | | | 1,978 | | | | 34,061 | |
| Virco Mfg. Corp. | | | | 799 | | | | 2,797 | |
| Waste Connections, Inc. | * | | | 7,467 | | | | 193,470 | |
| | | | | | | 2,685,949 | |
Communications Equipment—1.8% |
| 3Com Corp. | * | | | 37,205 | | | $ | 175,235 | |
| ADC Telecommunications, Inc. | * | | | 10,538 | | | | 83,882 | |
| Adtran, Inc. | † | | | 5,709 | | | | 122,572 | |
| Alliance Fiber Optic Products, Inc. | * | | | 4,818 | | | | 5,203 | |
| AltiGen Communications, Inc. | * | | | 4,110 | | | | 3,021 | |
| Anaren, Inc. | * | | | 2,003 | | | | 35,413 | |
| Arris Group, Inc. | *† | | | 10,285 | | | | 125,066 | |
| Avocent Corp. | *† | | | 3,935 | | | | 54,933 | |
| Bel Fuse, Inc., Class A | | | | 546 | | | | 7,666 | |
| BigBand Networks, Inc. | * | | | 7,195 | | | | 37,198 | |
| Black Box Corp. | | | | 1,414 | | | | 47,326 | |
| Blonder Tongue Laboratories, Inc. | * | | | 2,285 | | | | 3,210 | |
| Blue Coat Systems, Inc. | * | | | 3,077 | | | | 50,893 | |
| Brocade Communications Systems, Inc. | * | | | 34,724 | | | | 271,542 | |
| CommScope, Inc. | * | | | 7,195 | | | | 188,941 | |
| Comtech Telecommunications Corp. | * | | | 2,694 | | | | 85,885 | |
| DG FastChannel, Inc. | *† | | | 1,773 | | | | 32,446 | |
| Digi International, Inc. | * | | | 2,517 | | | | 24,541 | |
| Digital Angel Corp. | * | | | 584 | | | | 841 | |
| Ditech Networks, Inc. | * | | | 3,980 | | | | 4,935 | |
| EchoStar Corp., Class A | * | | | 3,638 | | | | 57,990 | |
| Emcore Corp. | *† | | | 6,178 | | | | 7,784 | |
| EMS Technologies, Inc. | *† | | | 1,782 | | | | 37,244 | |
| Emulex Corp. | *† | | | 7,660 | | | | 74,915 | |
| EndWave Corp. | * | | | 912 | | | | 2,335 | |
| Extreme Networks, Inc. | * | | | 9,940 | | | | 19,880 | |
| F5 Networks, Inc. | * | | | 6,880 | | | | 237,979 | |
| Finisar Corp. | * | | | 42,557 | | | | 24,257 | |
| Globecomm Systems, Inc. | * | | | 5,067 | | | | 36,432 | |
| Harmonic, Inc. | * | | | 8,430 | | | | 49,653 | |
| Harris Stratex Networks, Inc., Class A | * | | | 4,485 | | | | 29,063 | |
| Infinera Corp. | *† | | | 8,890 | | | | 81,166 | |
| Integrated Telecom Express, Inc. | *‡δ | | | 1,103 | | | | — | |
| InterDigital, Inc. | * | | | 3,859 | | | | 94,314 | |
| Ixia | *† | | | 5,492 | | | | 37,016 | |
| KVH Industries, Inc. | * | | | 3,755 | | | | 25,647 | |
| Loral Space & Communications, Inc. | * | | | 1,513 | | | | 38,960 | |
| NETGEAR, Inc. | * | | | 3,410 | | | | 49,138 | |
| Network Engines, Inc. | * | | | 1,330 | | | | 1,091 | |
| Network Equipment Technologies, Inc. | *† | | | 2,454 | | | | 10,454 | |
| Numerex Corp., Class A | * | | | 1,800 | | | | 9,036 | |
| Oclaro, Inc. | * | | | 5,198 | | | | 3,311 | |
| Oplink Communications, Inc. | * | | | 1,808 | | | | 20,611 | |
| Optelecom-NKF, Inc. | * | | | 3,399 | | | | 12,406 | |
| Optical Cable Corp. | * | | | 241 | | | | 725 | |
| Orbcomm, Inc. | *† | | | 3,512 | | | | 6,181 | |
| Palm, Inc. | *† | | | 11,942 | | | | 197,879 | |
| Parkervision, Inc. | *† | | | 2,943 | | | | 9,005 | |
| Performance Technologies, Inc. | * | | | 794 | | | | 2,342 | |
| Plantronics, Inc. | | | | 3,289 | | | | 62,195 | |
| Polycom, Inc. | * | | | 7,610 | | | | 154,255 | |
| Powerwave Technologies, Inc. | * | | | 8,448 | | | | 13,601 | |
| Riverbed Technology, Inc. | *† | | | 4,583 | | | | 106,280 | |
| SCM Microsystems, Inc. | * | | | 1,494 | | | | 3,586 | |
| SeaChange International, Inc. | * | | | 3,359 | | | | 26,973 | |
| Sonus Networks, Inc. | * | | | 17,431 | | | | 28,064 | |
| Starent Networks Corp. | * | | | 3,410 | | | | 83,238 | |
| Superior TeleCom, Inc. | *‡δ | | | 2,014 | | | | — | |
| Sycamore Networks, Inc. | * | | | 14,775 | | | | 46,246 | |
See accompanying notes to financial statements.
229
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| Symmetricom, Inc. | * | | | 6,110 | | | $ | 35,255 | |
| Tekelec | * | | | 4,995 | | | | 84,066 | |
| Tollgrade Communications, Inc. | * | | | 5,462 | | | | 28,621 | |
| Utstarcom, Inc. | * | | | 14,322 | | | | 23,345 | |
| Viasat, Inc. | * | | | 2,822 | | | | 72,356 | |
| Westell Technologies, Inc., Class A | * | | | 3,671 | | | | 2,122 | |
| | | | | | | 3,307,766 | |
Computers & Peripherals—0.8% |
| 3PAR, Inc. | *† | | | 3,566 | | | | 44,218 | |
| ActivIdentity Corp. | * | | | 5,830 | | | | 14,750 | |
| Adaptec, Inc. | * | | | 7,841 | | | | 20,779 | |
| Avid Technology, Inc. | * | | | 2,658 | | | | 35,644 | |
| Concurrent Computer Corp. | * | | | 759 | | | | 4,334 | |
| Cray, Inc. | * | | | 7,548 | | | | 59,478 | |
| Data Domain, Inc. | * | | | 3,011 | | | | 100,417 | |
| Dataram Corp. | * | | | 1,175 | | | | 1,727 | |
| Diebold, Inc. | | | | 5,403 | | | | 142,423 | |
| Dot Hill Systems Corp. | * | | | 3,866 | | | | 3,104 | |
| Electronics for Imaging, Inc. | * | | | 3,912 | | | | 41,702 | |
| Hutchinson Technology, Inc. | *† | | | 2,054 | | | | 4,005 | |
| Hypercom Corp. | *† | | | 4,002 | | | | 6,003 | |
| iGO, Inc. | *† | | | 2,804 | | | | 1,963 | |
| Imation Corp. | | | | 2,265 | | | | 17,237 | |
| Immersion Corp. | * | | | 5,977 | | | | 29,526 | |
| Intermec, Inc. | * | | | 4,513 | | | | 58,218 | |
| Intevac, Inc. | * | | | 3,057 | | | | 26,626 | |
| NCR Corp. | * | | | 12,628 | | | | 149,389 | |
| Novatel Wireless, Inc. | * | | | 2,949 | | | | 26,600 | |
| Overland Storage, Inc. | * | | | 1,282 | | | | 602 | |
| Presstek, Inc. | *† | | | 6,107 | | | | 8,489 | |
| Quantum Corp. | * | | | 10,382 | | | | 8,617 | |
| Rimage Corp. | * | | | 924 | | | | 15,348 | |
Seagate Technology
(Cayman Islands) | | | | 41,802 | | | | 437,249 | |
| Silicon Graphics International Corp. | * | | | 3,088 | | | | 14,019 | |
| STEC, Inc. | *† | | | 2,756 | | | | 63,912 | |
| Stratasys, Inc. | *† | | | 1,962 | | | | 21,562 | |
| Synaptics, Inc. | *† | | | 3,209 | | | | 124,028 | |
| TransAct Technologies, Inc. | * | | | 889 | | | | 4,427 | |
| Zoom Technologies, Inc. | * | | | 542 | | | | 705 | |
| | | | | | | 1,487,101 | |
Construction & Engineering—0.9% |
| Aecom Technology Corp. | *† | | | 8,205 | | | | 262,560 | |
| Dycom Industries, Inc. | * | | | 5,316 | | | | 58,848 | |
| EMCOR Group, Inc. | * | | | 6,332 | | | | 127,400 | |
| Furmanite Corp. | * | | | 4,100 | | | | 18,286 | |
| Granite Construction, Inc. | † | | | 2,764 | | | | 91,986 | |
| Insituform Technologies, Inc., Class A | * | | | 2,980 | | | | 50,571 | |
| KBR, Inc. | | | | 14,676 | | | | 270,625 | |
| Layne Christensen Co. | *† | | | 1,813 | | | | 37,076 | |
| MasTec, Inc. | *† | | | 5,153 | | | | 60,393 | |
| Northwest Pipe Co. | *† | | | 1,025 | | | | 35,629 | |
| Pike Electric Corp. | * | | | 1,369 | | | | 16,496 | |
| Shaw Group, Inc. (The) | * | | | 6,997 | | | | 191,788 | |
| Sterling Construction Co., Inc. | * | | | 1,751 | | | | 26,720 | |
| Tutor Perini Corp. | *† | | | 4,186 | | | | 72,669 | |
| URS Corp. | * | | | 7,098 | | | | 351,493 | |
| | | | | | | 1,672,540 | |
Construction Materials—0.3% |
| Eagle Materials, Inc. | † | | | 3,693 | | | $ | 93,211 | |
| Headwaters, Inc. | *† | | | 2,476 | | | | 8,319 | |
| Martin Marietta Materials, Inc. | † | | | 3,744 | | | | 295,327 | |
| Texas Industries, Inc. | † | | | 2,313 | | | | 72,536 | |
| U.S. Concrete, Inc. | * | | | 4,770 | | | | 9,445 | |
| | | | | | | 478,838 | |
Consumer Finance—0.3% |
| Advance America Cash Advance Centers, Inc. | | | | 6,040 | | | | 26,757 | |
| Advanta Corp., Class A | | | | 2,170 | | | | 911 | |
| AmeriCredit Corp. | *† | | | 10,635 | | | | 144,104 | |
| Cash America International, Inc. | | | | 3,353 | | | | 78,427 | |
| CompuCredit Holdings Corp. | *† | | | 2,840 | | | | 6,532 | |
| Dollar Financial Corp. | * | | | 4,052 | | | | 55,877 | |
| Ezcorp, Inc., Class A | * | | | 4,463 | | | | 48,111 | |
| First Cash Financial Services, Inc. | * | | | 2,180 | | | | 38,194 | |
| First Marblehead Corp. (The) | *† | | | 4,118 | | | | 8,318 | |
| Nelnet, Inc., Class A | * | | | 4,517 | | | | 61,386 | |
| Rewards Network, Inc. | * | | | 3,328 | | | | 12,580 | |
| Student Loan Corp. (The) | | | | 247 | | | | 9,189 | |
| World Acceptance Corp. | *† | | | 1,219 | | | | 24,270 | |
| | | | | | | 514,656 | |
Containers & Packaging—0.7% |
| AEP Industries, Inc. | * | | | 1,109 | | | | 29,267 | |
| AptarGroup, Inc. | | | | 5,316 | | | | 179,521 | |
| Crown Holdings, Inc. | * | | | 13,181 | | | | 318,189 | |
| Graphic Packaging Holding Co. | * | | | 5,000 | | | | 9,150 | |
| Greif, Inc., Class A | † | | | 2,589 | | | | 114,486 | |
| Myers Industries, Inc. | | | | 1,717 | | | | 14,285 | |
| Packaging Corp. of America | | | | 8,287 | | | | 134,249 | |
| Rock-Tenn Co., Class A | | | | 3,089 | | | | 117,876 | |
| Silgan Holdings, Inc. | | | | 2,164 | | | | 106,101 | |
| Sonoco Products Co. | | | | 8,131 | | | | 194,738 | |
| Temple-Inland, Inc. | | | | 9,177 | | | | 120,402 | |
| | | | | | | 1,338,264 | |
Distributors—0.1% |
| Audiovox Corp., Class A | * | | | 2,945 | | | | 17,258 | |
| Design Within Reach, Inc. | * | | | 1,210 | | | | 895 | |
| LKQ Corp. | * | | | 11,819 | | | | 194,423 | |
| | | | | | | 212,576 | |
Diversified Consumer Services—1.1% |
| American Public Education, Inc. | *† | | | 1,422 | | | | 56,325 | |
| Brink’s Home Security Holdings, Inc. | * | | | 3,497 | | | | 99,000 | |
| Capella Education Co. | *† | | | 1,374 | | | | 82,371 | |
| Career Education Corp. | * | | | 7,264 | | | | 180,801 | |
| Coinstar, Inc. | *† | | | 2,537 | | | | 67,738 | |
| Corinthian Colleges, Inc. | *† | | | 7,377 | | | | 124,893 | |
| Grand Canyon Education, Inc. | *† | | | 2,304 | | | | 38,661 | |
| Hillenbrand, Inc. | | | | 5,927 | | | | 98,625 | |
| ITT Educational Services, Inc. | * | | | 3,223 | | | | 324,427 | |
| Jackson Hewitt Tax Service, Inc. | | | | 5,730 | | | | 35,870 | |
| K12, Inc. | *† | | | 2,563 | | | | 55,233 | |
| Learning Tree International, Inc. | * | | | 766 | | | | 7,890 | |
| Matthews International Corp., Class A | † | | | 2,679 | | | | 83,370 | |
| Pre-Paid Legal Services, Inc. | * | | | 780 | | | | 34,000 | |
See accompanying notes to financial statements.
230
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COMMON STOCKS—(Continued) |
| Princeton Review, Inc. | * | | | 2,409 | | | $ | 13,033 | |
| Regis Corp. | | | | 3,970 | | | | 69,118 | |
| Service Corp. International | | | | 20,728 | | | | 113,589 | |
| Sotheby’s | † | | | 6,063 | | | | 85,549 | |
| Steiner Leisure Ltd. (Bahamas) | * | | | 1,645 | | | | 50,222 | |
| Stewart Enterprises, Inc., Class A | † | | | 6,846 | | | | 32,998 | |
| Strayer Education, Inc. | † | | | 1,241 | | | | 270,674 | |
| Universal Technical Institute, Inc. | * | | | 2,513 | | | | 37,519 | |
| Weight Watchers International, Inc. | | | | 3,776 | | | | 97,308 | |
| | | | | | | 2,059,214 | |
Diversified Financial Services—0.4% |
| Ampal-American Israel Corp., Class A (Israel) | * | | | 1,392 | | | | 3,396 | |
| Asset Acceptance Capital Corp. | *† | | | 3,797 | | | | 29,199 | |
| Asta Funding, Inc. | | | | 650 | | | | 3,536 | |
| Financial Federal Corp. | | | | 2,315 | | | | 47,573 | |
| Interactive Brokers Group, Inc., Class A | * | | | 3,657 | | | | 56,793 | |
| KKR Financial Holdings LLC | | | | 13,586 | | | | 12,635 | |
| MarketAxess Holdings, Inc. | * | | | 2,620 | | | | 24,969 | |
| Medallion Financial Corp. | | | | 2,518 | | | | 19,263 | |
| MSCI, Inc., Class A | * | | | 8,721 | | | | 213,141 | |
| PHH Corp. | *† | | | 5,881 | | | | 106,917 | |
| Pico Holdings, Inc. | * | | | 1,955 | | | | 56,109 | |
| Portfolio Recovery Associates, Inc. | *† | | | 1,413 | | | | 54,725 | |
| Resource America, Inc., Class A | | | | 1,547 | | | | 8,323 | |
| | | | | | | 636,579 | |
Diversified Telecommunication Services—0.6% |
| 8x8, Inc. | * | | | 3,049 | | | | 1,829 | |
| AboveNet, Inc. | *† | | | 672 | | | | 54,419 | |
| Alaska Communications Systems Group, Inc. | † | | | 4,537 | | | | 33,211 | |
| Atlantic Tele-Network, Inc. | | | | 1,034 | | | | 40,626 | |
| Cbeyond, Inc. | *† | | | 3,092 | | | | 44,370 | |
| Cincinnati Bell, Inc. | * | | | 21,626 | | | | 61,418 | |
| Clearwire Corp., Class A | * | | | 6,241 | | | | 34,513 | |
| Cogent Communications Group, Inc. | *† | | | 3,453 | | | | 28,142 | |
| Consolidated Communications Holdings, Inc. | | | | 3,222 | | | | 37,730 | |
| D&E Communications, Inc. | | | | 1,712 | | | | 17,514 | |
| General Communication, Inc., Class A | *† | | | 3,847 | | | | 26,660 | |
| Global Crossing Ltd. (Bermuda) | * | | | 2,669 | | | | 24,501 | |
| HickoryTech Corp. | † | | | 2,286 | | | | 17,556 | |
| IDT Corp., Class B | * | | | 1,600 | | | | 2,592 | |
| Iowa Telecommunications Services, Inc. | † | | | 3,540 | | | | 44,285 | |
| Level 3 Communications, Inc. | *† | | | 147,954 | | | | 223,411 | |
| Neutral Tandem, Inc. | * | | | 2,066 | | | | 60,988 | |
| NTELOS Holdings Corp. | | | | 3,103 | | | | 57,157 | |
| PAETEC Holding Corp. | * | | | 14,158 | | | | 38,227 | |
| Premiere Global Services, Inc. | * | | | 5,642 | | | | 61,159 | |
| SureWest Communications | * | | | 1,674 | | | | 17,527 | |
| tw telecom Inc. | *† | | | 12,915 | | | | 132,637 | |
| XETA Technologies, Inc. | * | | | 1,947 | | | | 4,595 | |
| | | | | | | 1,065,067 | |
Electric Utilities—1.1% |
| Allete, Inc. | | | | 1,972 | | | $ | 56,695 | |
| Central Vermont Public Service Corp. | † | | | 1,553 | | | | 28,109 | |
| Cleco Corp. | † | | | 5,868 | | | | 131,561 | |
| DPL, Inc. | | | | 11,526 | | | | 267,057 | |
| El Paso Electric Co. | * | | | 4,189 | | | | 58,478 | |
| Empire District Electric Co. (The) | † | | | 4,248 | | | | 70,177 | |
| Great Plains Energy, Inc. | † | | | 11,570 | | | | 179,914 | |
| Hawaiian Electric Industries, Inc. | † | | | 8,416 | | | | 160,409 | |
| IDACORP, Inc. | | | | 4,344 | | | | 113,552 | |
| ITC Holdings Corp. | | | | 4,310 | | | | 195,502 | |
| MGE Energy, Inc. | | | | 4,114 | | | | 138,025 | |
| NV Energy, Inc. | | | | 19,632 | | | | 211,829 | |
| Portland General Electric Co. | † | | | 6,626 | | | | 129,075 | |
| UIL Holdings Corp. | | | | 2,136 | | | | 47,953 | |
| Unisource Energy Corp. | | | | 2,749 | | | | 72,958 | |
| Unitil Corp. | | | | 1,689 | | | | 34,827 | |
| Westar Energy, Inc. | | | | 8,928 | | | | 167,579 | |
| | | | | | | 2,063,700 | |
Electrical Equipment—2.0% |
| A.O. Smith Corp. | | | | 1,478 | | | | 48,138 | |
| Active Power, Inc. | * | | | 3,953 | | | | 3,439 | |
| Acuity Brands, Inc. | † | | | 3,098 | | | | 86,899 | |
| American Superconductor Corp. | *† | | | 4,615 | | | | 121,144 | |
| AMETEK, Inc. | | | | 9,727 | | | | 336,360 | |
| AZZ, Inc. | * | | | 1,134 | | | | 39,021 | |
| Baldor Electric Co. | † | | | 4,046 | | | | 96,254 | |
| Belden, Inc. | | | | 4,570 | | | | 76,319 | |
| Brady Corp., Class A | | | | 4,341 | | | | 109,046 | |
| C&D Technologies, Inc. | * | | | 5,424 | | | | 10,848 | |
| Capstone Turbine Corp. | *† | | | 15,089 | | | | 12,524 | |
| Encore Wire Corp. | | | | 1,693 | | | | 36,146 | |
| Energy Conversion Devices, Inc. | *† | | | 4,956 | | | | 70,127 | |
| EnerSys | * | | | 4,170 | | | | 75,852 | |
| Evergreen Solar, Inc. | *† | | | 11,911 | | | | 25,847 | |
| First Solar, Inc. | *† | | | 4,171 | | | | 676,202 | |
| Franklin Electric Co., Inc. | | | | 2,023 | | | | 52,436 | |
| FuelCell Energy, Inc. | *† | | | 9,197 | | | | 38,443 | |
| General Cable Corp. | * | | | 5,839 | | | | 219,430 | |
| GrafTech International Ltd. | * | | | 15,124 | | | | 171,052 | |
| GT Solar International, Inc. | *† | | | 4,396 | | | | 23,387 | |
| Hubbell, Inc., Class B | | | | 4,476 | | | | 143,501 | |
| II-VI, Inc. | * | | | 1,982 | | | | 43,941 | |
| LaBarge, Inc. | * | | | 2,232 | | | | 20,691 | |
| LSI Industries, Inc. | | | | 3,003 | | | | 16,366 | |
| Magnetek, Inc. | * | | | 4,586 | | | | 6,374 | |
| Medis Technologies Ltd. | * | | | 1,815 | | | | 907 | |
| Microvision, Inc. | * | | | 5,870 | | | | 18,021 | |
| Orbit International Corp. | * | | | 2,812 | | | | 7,733 | |
| Plug Power, Inc. | *† | | | 8,935 | | | | 8,131 | |
| Powell Industries, Inc. | * | | | 1,046 | | | | 38,775 | |
| Power-One, Inc. | *† | | | 22,036 | | | | 32,834 | |
| PowerSecure International, Inc. | * | | | 2,650 | | | | 11,289 | |
| Regal-Beloit Corp. | † | | | 2,722 | | | | 108,118 | |
| Roper Industries, Inc. | | | | 7,804 | | | | 353,599 | |
| Servotronics, Inc. | | | | 705 | | | | 4,195 | |
| Spire Corp. | *† | | | 1,921 | | | | 10,565 | |
| SunPower Corp., Class A | *† | | | 6,513 | | | | 173,506 | |
| SunPower Corp., Class B | * | | | 2,746 | | | | 65,767 | |
| Tech/Ops Sevcon, Inc. | | | | 720 | | | | 2,009 | |
| Thomas & Betts Corp. | * | | | 5,281 | | | | 152,410 | |
| Ultralife Corp. | * | | | 3,672 | | | | 26,328 | |
See accompanying notes to financial statements.
231
SCHEDULE OF INVESTMENTS—(Continued)
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| Universal Security Instruments, Inc. | * | | | 266 | | | $ | 1,370 | |
| Valence Technology, Inc. | *† | | | 4,773 | | | | 8,544 | |
| Vicor Corp. | | | | 3,481 | | | | 25,133 | |
| Woodward Governor Co. | | | | 4,951 | | | | 98,030 | |
| | | | | | | 3,707,051 | |
Electronic Equipment, Instruments &
Components—1.8% |
| Agilysys, Inc. | | | | 2,266 | | | | 10,605 | |
| American Technology Corp. | *† | | | 3,686 | | | | 7,003 | |
| Anixter International, Inc. | *† | | | 2,587 | | | | 97,245 | |
| Arrow Electronics, Inc. | * | | | 9,981 | | | | 211,996 | |
| Avnet, Inc. | * | | | 12,333 | | | | 259,363 | |
| AVX Corp. | | | | 4,035 | | | | 40,068 | |
| Benchmark Electronics, Inc. | * | | | 5,413 | | | | 77,947 | |
| Brightpoint, Inc. | * | | | 5,890 | | | | 36,930 | |
| CalAmp Corp. | * | | | 7,372 | | | | 5,898 | |
| Checkpoint Systems, Inc. | * | | | 2,970 | | | | 46,599 | |
| Cogent, Inc. | * | | | 3,830 | | | | 41,096 | |
| Cognex Corp. | † | | | 3,335 | | | | 47,124 | |
| Coherent, Inc. | * | | | 2,327 | | | | 48,122 | |
| CTS Corp. | | | | 4,578 | | | | 29,986 | |
| Daktronics, Inc. | † | | | 3,564 | | | | 27,443 | |
| Dolby Laboratories, Inc., Class A | * | | | 4,321 | | | | 161,087 | |
| DTS, Inc. | *† | | | 1,605 | | | | 43,447 | |
| Echelon Corp. | *† | | | 3,748 | | | | 31,783 | |
| Electro Rent Corp. | † | | | 2,563 | | | | 24,323 | |
| Electro Scientific Industries, Inc. | * | | | 3,685 | | | | 41,198 | |
| Electro-Sensors, Inc. | | | | 2,581 | | | | 6,659 | |
| FARO Technologies, Inc. | *† | | | 1,212 | | | | 18,822 | |
| Frequency Electronics, Inc. | * | | | 822 | | | | 3,083 | |
| Gerber Scientific, Inc. | * | | | 3,478 | | | | 8,695 | |
| ID Systems, Inc. | * | | | 1,146 | | | | 4,149 | |
| Ingram Micro, Inc., Class A | * | | | 13,080 | | | | 228,900 | |
| Insight Enterprises, Inc. | * | | | 2,944 | | | | 28,439 | |
| Iteris, Inc. | * | | | 4,264 | | | | 5,543 | |
| Itron, Inc. | * | | | 3,378 | | | | 186,026 | |
| Keithley Instruments, Inc. | | | | 2,170 | | | | 8,680 | |
| L-1 Identity Solutions, Inc. | * | | | 6,227 | | | | 48,197 | |
| LeCroy Corp. | * | | | 2,720 | | | | 10,200 | |
| Lightpath Technologies, Inc., Class A | * | | | 1,527 | | | | 1,985 | |
| Littelfuse, Inc. | * | | | 2,845 | | | | 56,786 | |
| LoJack Corp. | * | | | 1,880 | | | | 7,877 | |
| Maxwell Technologies, Inc. | * | | | 3,381 | | | | 46,759 | |
| Measurement Specialties, Inc. | * | | | 3,063 | | | | 21,594 | |
| Mercury Computer Systems, Inc. | * | | | 2,443 | | | | 22,598 | |
| Merix Corp. | * | | | 2,175 | | | | 1,631 | |
| Mesa Laboratories, Inc. | | | | 1,200 | | | | 23,532 | |
| Methode Electronics, Inc. | | | | 2,784 | | | | 19,544 | |
| MTS Systems Corp. | | | | 2,635 | | | | 54,413 | |
| National Instruments Corp. | † | | | 4,791 | | | | 108,085 | |
| Newport Corp. | *† | | | 3,015 | | | | 17,457 | |
| NU Horizons Electronics Corp. | * | | | 3,069 | | | | 10,250 | |
| OI Corp. | | | | 1,600 | | | | 8,656 | |
| OSI Systems, Inc. | *† | | | 2,179 | | | | 45,432 | |
| Park Electrochemical Corp. | | | | 1,950 | | | | 41,984 | |
| PC Connection, Inc. | *† | | | 2,755 | | | | 14,464 | |
| Planar Systems, Inc. | * | | | 1,786 | | | | 2,161 | |
| Plexus Corp. | * | | | 3,210 | | | | 65,677 | |
| Radisys Corp. | * | | | 2,757 | | | | 24,841 | |
| Research Frontiers, Inc. | *† | | | 2,932 | | | | 10,497 | |
| Rofin-Sinar Technologies, Inc. | * | | | 3,102 | | | $ | 62,071 | |
| Rogers Corp. | *† | | | 1,417 | | | | 28,666 | |
| Sanmina-SCI Corp. | * | | | 39,169 | | | | 17,234 | |
| ScanSource, Inc. | *† | | | 2,737 | | | | 67,111 | |
| Sigmatron International, Inc. | * | | | 283 | | | | 529 | |
| SMART Modular Technologies (WWH), Inc. | * | | | 2,050 | | | | 4,654 | |
| Spectrum Control, Inc. | * | | | 1,195 | | | | 10,516 | |
| SYNNEX Corp. | *† | | | 2,160 | | | | 53,978 | |
| Tech Data Corp. | * | | | 4,639 | | | | 151,742 | |
| Technitrol, Inc. | | | | 7,988 | | | | 51,682 | |
| Trans-Lux Corp. | * | | | 867 | | | | 737 | |
| Trimble Navigation Ltd. | *† | | | 10,180 | | | | 199,833 | |
| TTM Technologies, Inc. | * | | | 3,547 | | | | 28,234 | |
| Universal Display Corp. | * | | | 2,789 | | | | 27,276 | |
| Vishay Intertechnology, Inc. | * | | | 15,234 | | | | 103,439 | |
| X-Rite, Inc. | *† | | | 2,441 | | | | 3,662 | |
| Zygo Corp. | * | | | 2,489 | | | | 11,599 | |
| | | | | | | 3,275,842 | |
Energy Equipment & Services—1.8% |
| Allis-Chalmers Energy, Inc. | *† | | | 4,292 | | | | 9,915 | |
| Atwood Oceanics, Inc. | * | | | 4,750 | | | | 118,322 | |
| Basic Energy Services, Inc. | * | | | 2,408 | | | | 16,447 | |
| Bolt Technology Corp. | * | | | 2,455 | | | | 27,594 | |
| Bristow Group, Inc. | *† | | | 2,203 | | | | 65,275 | |
| Bronco Drilling Co., Inc. | * | | | 3,007 | | | | 12,870 | |
| Cal Dive International, Inc. | * | | | 5,564 | | | | 48,017 | |
| CARBO Ceramics, Inc. | † | | | 1,582 | | | | 54,104 | |
| Complete Production Services, Inc. | * | | | 4,409 | | | | 28,041 | |
| Dawson Geophysical Co. | * | | | 930 | | | | 27,760 | |
| Dresser-Rand Group, Inc. | * | | | 7,669 | | | | 200,161 | |
| Dril-Quip, Inc. | * | | | 2,446 | | | | 93,193 | |
| Exterran Holdings, Inc. | *† | | | 4,980 | | | | 79,879 | |
| Global Industries Ltd. | * | | | 10,304 | | | | 58,321 | |
| Gulfmark Offshore, Inc. | * | | | 2,138 | | | | 59,009 | |
| Helix Energy Solutions Group, Inc. | *† | | | 8,510 | | | | 92,504 | |
| Helmerich & Payne, Inc. | | | | 8,509 | | | | 262,673 | |
| Hercules Offshore, Inc. | *† | | | 6,416 | | | | 25,472 | |
| Hornbeck Offshore Services, Inc. | * | | | 2,714 | | | | 58,052 | |
| ION Geophysical Corp. | * | | | 5,372 | | | | 13,806 | |
| Key Energy Services, Inc. | * | | | 9,195 | | | | 52,963 | |
| Lufkin Industries, Inc. | | | | 1,255 | | | | 52,773 | |
| Matrix Service Co. | * | | | 2,410 | | | | 27,667 | |
| Mitcham Industries, Inc. | *† | | | 1,100 | | | | 5,709 | |
| NATCO Group, Inc., Class A | * | | | 2,192 | | | | 72,161 | |
| Natural Gas Services Group, Inc. | * | | | 2,837 | | | | 37,732 | |
| Newpark Resources, Inc. | * | | | 9,665 | | | | 27,545 | |
| Oceaneering International, Inc. | *† | | | 4,657 | | | | 210,496 | |
| Oil States International, Inc. | * | | | 4,494 | | | | 108,800 | |
| OYO Geospace Corp. | * | | | 550 | | | | 14,113 | |
| Parker Drilling Co. | *† | | | 9,263 | | | | 40,201 | |
| Patterson-UTI Energy, Inc. | † | | | 13,344 | | | | 171,604 | |
| PHI, Inc. | * | | | 1,283 | | | | 21,991 | |
| Pioneer Drilling Co. | * | | | 6,698 | | | | 32,083 | |
| Pride International, Inc. | * | | | 14,049 | | | | 352,068 | |
| RPC, Inc. | | | | 4,269 | | | | 35,646 | |
| SEACOR Holdings, Inc. | *† | | | 1,646 | | | | 123,845 | |
| Sulphco, Inc. | *† | | | 8,130 | | | | 7,480 | |
| Superior Energy Services, Inc. | * | | | 6,470 | | | | 111,737 | |
| T-3 Energy Services, Inc. | * | | | 975 | | | | 11,612 | |
| Tetra Technologies, Inc. | * | | | 7,968 | | | | 63,425 | |
| Tidewater, Inc. | | | | 4,105 | | | | 175,981 | |
See accompanying notes to financial statements.
232
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| Trico Marine Services, Inc. | *† | | | 1,353 | | | $ | 4,641 | |
| Unit Corp. | * | | | 3,819 | | | | 105,290 | |
| | | | | | | 3,218,978 | |
Food & Staples Retailing—0.5% |
| Andersons, Inc. (The) | | | | 1,795 | | | | 53,742 | |
| Arden Group, Inc., Class A | | | | 260 | | | | 32,526 | |
| BJ’s Wholesale Club, Inc. | * | | | 4,990 | | | | 160,828 | |
| Casey’s General Stores, Inc. | † | | | 4,617 | | | | 118,611 | |
| Great Atlantic & Pacific Tea Co. | *† | | | 2,493 | | | | 10,595 | |
| Nash Finch Co. | † | | | 1,190 | | | | 32,201 | |
| Nyer Medical Group, Inc. | * | | | 2,533 | | | | 1,925 | |
| Pantry, Inc. (The) | * | | | 2,139 | | | | 35,507 | |
| Rite Aid Corp. | * | | | 53,256 | | | | 80,417 | |
| Ruddick Corp. | | | | 3,143 | | | | 73,640 | |
| Spartan Stores, Inc. | | | | 2,807 | | | | 34,835 | |
| United Natural Foods, Inc. | * | | | 3,712 | | | | 97,440 | |
| Village Super Market, Inc., Class A | | | | 564 | | | | 16,779 | |
| Weis Markets, Inc. | | | | 1,103 | | | | 36,973 | |
| Winn-Dixie Stores, Inc. | * | | | 4,340 | | | | 54,424 | |
| | | | | | | 840,443 | |
Food Products—1.6% |
| American Italian Pasta Co., Class A | *† | | | 1,509 | | | | 43,972 | |
| B&G Foods, Inc., Class A | | | | 2,850 | | | | 23,969 | |
| Bridgford Foods Corp. | * | | | 560 | | | | 4,833 | |
| Bunge Ltd. | † | | | 10,526 | | | | 634,191 | |
| Calavo Growers, Inc. | † | | | 3,561 | | | | 70,615 | |
| Cal-Maine Foods, Inc. | † | | | 1,379 | | | | 34,420 | |
| Chiquita Brands International, Inc. | *† | | | 4,064 | | | | 41,697 | |
| Corn Products International, Inc. | | | | 6,398 | | | | 171,402 | |
| Darling International, Inc. | * | | | 9,960 | | | | 65,736 | |
| Del Monte Foods Co. | | | | 16,592 | | | | 155,633 | |
| Diamond Foods, Inc. | | | | 2,255 | | | | 62,914 | |
| Farmer Bros. Co. | | | | 930 | | | | 21,278 | |
| Flowers Foods, Inc. | † | | | 8,692 | | | | 189,833 | |
| Fresh Del Monte Produce, Inc. (Cayman Islands) | * | | | 3,718 | | | | 60,455 | |
| Green Mountain Coffee Roasters, Inc. | *† | | | 2,730 | | | | 161,398 | |
| Griffin Land & Nurseries, Inc. | | | | 650 | | | | 20,332 | |
| Hain Celestial Group, Inc. (The) | *† | | | 3,891 | | | | 60,739 | |
| Inventure Group, Inc. (The) | * | | | 9,182 | | | | 22,588 | |
| J&J Snack Foods Corp. | | | | 1,866 | | | | 66,989 | |
| John B. Sanfilippo & Son, Inc. | * | | | 1,899 | | | | 13,578 | |
| Lancaster Colony Corp. | † | | | 2,437 | | | | 107,399 | |
| Lance, Inc. | | | | 3,688 | | | | 85,303 | |
| Omega Protein Corp. | * | | | 1,515 | | | | 6,151 | |
| Ralcorp Holdings, Inc. | * | | | 5,287 | | | | 322,084 | |
| Sanderson Farms, Inc. | | | | 1,537 | | | | 69,165 | |
| Smart Balance, Inc. | * | | | 7,937 | | | | 54,051 | |
| Smithfield Foods, Inc. | *† | | | 11,052 | | | | 154,396 | |
| Tootsie Roll Industries, Inc. | † | | | 2,980 | | | | 67,616 | |
| TreeHouse Foods, Inc. | *† | | | 2,692 | | | | 77,449 | |
| | | | | | | 2,870,186 | |
Gas Utilities—1.4% |
| AGL Resources, Inc. | | | | 7,058 | | | | 224,444 | |
| AmeriGas Partners LP | | | | 2,932 | | | | 98,896 | |
| Atmos Energy Corp. | | | | 7,706 | | | | 192,958 | |
| Chesapeake Utilities Corp. | † | | | 1,039 | | | $ | 33,799 | |
| Delta Natural Gas Co., Inc. | | | | 971 | | | | 21,867 | |
| Energen Corp. | | | | 5,409 | | | | 215,819 | |
| Ferrellgas Partners LP | | | | 3,664 | | | | 59,503 | |
| Laclede Group, Inc. (The) | | | | 1,902 | | | | 63,013 | |
| National Fuel Gas Co. | | | | 5,721 | | | | 206,414 | |
| New Jersey Resources Corp. | | | | 3,748 | | | | 138,826 | |
| Northwest Natural Gas Co. | † | | | 2,771 | | | | 122,811 | |
| Oneok, Inc. | | | | 8,152 | | | | 240,403 | |
| Piedmont Natural Gas Co., Inc. | | | | 5,431 | | | | 130,941 | |
| South Jersey Industries, Inc. | | | | 3,110 | | | | 108,508 | |
| Southwest Gas Corp. | | | | 3,594 | | | | 79,823 | |
| Spectra Energy Partners LP | | | | 1,605 | | | | 34,508 | |
| Suburban Propane Partners LP | | | | 2,861 | | | | 120,648 | |
| UGI Corp. | | | | 9,514 | | | | 242,512 | |
| WGL Holdings, Inc. | | | | 3,921 | | | | 125,550 | |
| | | | | | | 2,461,243 | |
Health Care Equipment & Supplies—2.9% |
| Abaxis, Inc. | *† | | | 1,864 | | | | 38,287 | |
| ABIOMED, Inc. | *† | | | 3,940 | | | | 34,751 | |
| Align Technology, Inc. | *† | | | 6,208 | | | | 65,805 | |
| American Medical Systems Holdings, Inc. | * | | | 6,696 | | | | 105,797 | |
| Analogic Corp. | | | | 1,287 | | | | 47,555 | |
| Angiodynamics, Inc. | *† | | | 2,450 | | | | 32,511 | |
| Aspect Medical Systems, Inc. | *† | | | 2,322 | | | | 13,723 | |
| Atrion Corp. | † | | | 308 | | | | 41,300 | |
| Beckman Coulter, Inc. | | | | 5,854 | | | | 334,498 | |
| Biolase Technology, Inc. | *† | | | 3,105 | | | | 5,247 | |
| Candela Corp. | * | | | 2,794 | | | | 2,878 | |
| Cantel Medical Corp. | * | | | 1,690 | | | | 27,429 | |
| Cardiac Science Corp. | *† | | | 4,135 | | | | 16,623 | |
| Cerus Corp. | * | | | 3,201 | | | | 3,297 | |
| Conceptus, Inc. | *† | | | 2,419 | | | | 40,881 | |
| Conmed Corp. | *† | | | 3,084 | | | | 47,864 | |
| Cooper Cos., Inc. (The) | | | | 3,954 | | | | 97,782 | |
| CryoLife, Inc. | * | | | 4,037 | | | | 22,365 | |
| Cutera, Inc. | * | | | 1,264 | | | | 10,896 | |
| Cyberonics, Inc. | * | | | 2,351 | | | | 39,097 | |
| Cynosure, Inc., Class A | * | | | 772 | | | | 5,906 | |
| DexCom, Inc. | *† | | | 3,175 | | | | 19,653 | |
| Edwards Lifesciences Corp. | * | | | 5,491 | | | | 373,553 | |
| Endologix, Inc. | * | | | 8,683 | | | | 29,001 | |
| ev3, Inc. | * | | | 5,996 | | | | 64,277 | |
| Gen-Probe, Inc. | * | | | 4,801 | | | | 206,347 | |
| Greatbatch, Inc. | *† | | | 2,283 | | | | 51,619 | |
| Haemonetics Corp. | *† | | | 2,976 | | | | 169,632 | |
| HealthTronics, Inc. | * | | | 2,530 | | | | 5,085 | |
| Hill-Rom Holdings, Inc. | | | | 4,747 | | | | 76,996 | |
| Hologic, Inc. | * | | | 23,244 | | | | 330,762 | |
| ICU Medical, Inc. | *† | | | 1,366 | | | | 56,211 | |
| Idexx Laboratories, Inc. | *† | | | 5,116 | | | | 236,359 | |
| I-Flow Corp. | * | | | 2,590 | | | | 17,975 | |
| Immucor, Inc. | * | | | 5,903 | | | | 81,225 | |
| Integra LifeSciences Holdings Corp. | *† | | | 2,236 | | | | 59,276 | |
| Invacare Corp. | | | | 2,826 | | | | 49,879 | |
| Inverness Medical Innovations, Inc. | *† | | | 7,558 | | | | 268,914 | |
| IRIS International, Inc. | *† | | | 2,570 | | | | 30,326 | |
| Kensey Nash Corp. | * | | | 1,683 | | | | 44,111 | |
| Kinetic Concepts, Inc. | * | | | 5,256 | | | | 143,226 | |
| Masimo Corp. | * | | | 5,266 | | | | 126,963 | |
| Medical Action Industries, Inc. | *† | | | 1,860 | | | | 21,297 | |
| Meridian Bioscience, Inc. | † | | | 3,470 | | | | 78,353 | |
| Merit Medical Systems, Inc. | * | | | 2,509 | | | | 40,897 | |
See accompanying notes to financial statements.
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| Micrus Endovascular Corp. | * | | | 1,353 | | | $ | 12,231 | |
| Natus Medical, Inc. | *† | | | 2,621 | | | | 30,246 | |
| Neogen Corp. | * | | | 1,642 | | | | 47,585 | |
| NuVasive, Inc. | *† | | | 3,118 | | | | 139,063 | |
| NxStage Medical, Inc. | *† | | | 3,660 | | | | 21,594 | |
| OraSure Technologies, Inc. | * | | | 4,328 | | | | 10,690 | |
| Orthofix International NV (Netherlands Antilles) | * | | | 2,011 | | | | 50,295 | |
| Orthovita, Inc. | * | | | 8,897 | | | | 45,819 | |
| Osteotech, Inc. | * | | | 1,499 | | | | 6,596 | |
| OTIX Global, Inc. | * | | | 2,950 | | | | 2,360 | |
| Palomar Medical Technologies, Inc. | *† | | | 2,762 | | | | 40,491 | |
| Quidel Corp. | *† | | | 2,820 | | | | 41,059 | |
| ResMed, Inc. | * | | | 6,479 | | | | 263,890 | |
| Rochester Medical Corp. | *† | | | 2,249 | | | | 30,137 | |
| RTI Biologics, Inc. | *† | | | 7,464 | | | | 32,021 | |
| Sirona Dental Systems, Inc. | * | | | 1,750 | | | | 34,982 | |
| Somanetics Corp. | * | | | 1,572 | | | | 25,954 | |
| SonoSite, Inc. | * | | | 1,650 | | | | 33,099 | |
| Spectranetics Corp. | *† | | �� | 3,376 | | | | 16,644 | |
| Staar Surgical Co. | * | | | 2,688 | | | | 6,478 | |
| STERIS Corp. | | | | 4,732 | | | | 123,410 | |
| SurModics, Inc. | *† | | | 1,932 | | | | 43,721 | |
| Synovis Life Technologies, Inc. | * | | | 1,638 | | | | 34,021 | |
| Teleflex, Inc. | | | | 3,230 | | | | 144,801 | |
| Theragenics Corp. | * | | | 5,822 | | | | 7,510 | |
| ThermoGenesis Corp. | * | | | 4,317 | | | | 2,720 | |
| Thoratec Corp. | *† | | | 4,735 | | | | 126,803 | |
| TomoTherapy, Inc. | * | | | 4,950 | | | | 13,612 | |
| Urologix, Inc. | * | | | 1,050 | | | | 1,302 | |
| Vision-Sciences, Inc. | *† | | | 4,110 | | | | 3,781 | |
| Volcano Corp. | * | | | 4,832 | | | | 67,551 | |
| West Pharmaceutical Services, Inc. | † | | | 2,658 | | | | 92,631 | |
| Wright Medical Group, Inc. | * | | | 3,907 | | | | 63,528 | |
| Young Innovations, Inc. | | | | 677 | | | | 14,752 | |
| Zoll Medical Corp. | * | | | 1,952 | | | | 37,752 | |
| | | | | | | 5,285,558 | |
Health Care Providers & Services—2.6% |
| Alliance HealthCare Services, Inc. | * | | | 3,525 | | | | 25,838 | |
| Almost Family, Inc. | * | | | 716 | | | | 18,695 | |
| Amedisys, Inc. | *† | | | 2,278 | | | | 75,220 | |
| America Service Group, Inc. | *† | | | 1,972 | | | | 31,690 | |
| American Dental Partners, Inc. | * | | | 1,668 | | | | 15,129 | |
| AMERIGROUP Corp. | *† | | | 4,191 | | | | 112,528 | |
| AMN Healthcare Services, Inc. | * | | | 3,864 | | | | 24,652 | |
| Amsurg Corp. | * | | | 3,079 | | | | 66,014 | |
| Bio-Reference Labs, Inc. | * | | | 1,655 | | | | 52,315 | |
| BioScrip, Inc. | * | | | 3,476 | | | | 20,578 | |
| Brookdale Senior Living, Inc. | † | | | 6,131 | | | | 59,716 | |
| Capital Senior Living Corp. | * | | | 2,245 | | | | 10,215 | |
| CardioNet, Inc. | *† | | | 2,061 | | | | 33,635 | |
| Catalyst Health Solutions, Inc. | * | | | 3,425 | | | | 85,419 | |
| Centene Corp. | * | | | 3,612 | | | | 72,168 | |
| Chemed Corp. | | | | 2,102 | | | | 82,987 | |
| Chindex International, Inc. | * | | | 1,527 | | | | 18,889 | |
| Clarient, Inc. | * | | | 3,308 | | | | 12,306 | |
| Community Health Systems, Inc. | * | | | 7,816 | | | | 197,354 | |
| Cross Country Healthcare, Inc. | * | | | 2,631 | | | | 18,075 | |
| Emergency Medical Services Corp., Class A | * | | | 758 | | | | 27,910 | |
| Ensign Group, Inc. (The) | | | | 2,720 | | | | 38,706 | |
| Five Star Quality Care, Inc. | * | | | 4,500 | | | $ | 8,595 | |
| Genoptix, Inc. | *† | | | 1,943 | | | | 62,157 | |
| Gentiva Health Services, Inc. | * | | | 2,330 | | | | 38,352 | |
| Hanger Orthopedic Group, Inc. | *† | | | 3,263 | | | | 44,344 | |
| Health Management Associates, Inc., Class A | * | | | 23,659 | | | | 116,875 | |
| Health Net, Inc. | * | | | 8,739 | | | | 135,891 | |
| Healthsouth Corp. | * | | | 7,544 | | | | 108,935 | |
| Healthspring, Inc. | * | | | 4,297 | | | | 46,665 | |
| Healthways, Inc. | * | | | 3,517 | | | | 47,304 | |
| Henry Schein, Inc. | *† | | | 8,340 | | | | 399,903 | |
| HMS Holdings Corp. | *† | | | 2,386 | | | | 97,158 | |
| inVentiv Health, Inc. | * | | | 3,246 | | | | 43,918 | |
| IPC The Hospitalist Co., Inc. | * | | | 1,647 | | | | 43,958 | |
| Kindred Healthcare, Inc. | * | | | 3,509 | | | | 43,406 | |
| Landauer, Inc. | | | | 923 | | | | 56,617 | |
| LHC Group, Inc. | * | | | 1,077 | | | | 23,920 | |
| LifePoint Hospitals, Inc. | *† | | | 4,759 | | | | 124,924 | |
| Lincare Holdings, Inc. | * | | | 7,126 | | | | 167,604 | |
| Magellan Health Services, Inc. | * | | | 4,260 | | | | 139,813 | |
| Mednax, Inc. | *† | | | 3,897 | | | | 164,181 | |
| Molina Healthcare, Inc. | *† | | | 1,190 | | | | 28,465 | |
| MWI Veterinary Supply, Inc. | *† | | | 1,472 | | | | 51,314 | |
| National Healthcare Corp. | † | | | 1,078 | | | | 40,899 | |
| National Research Corp. | | | | 1,250 | | | | 30,500 | |
| NovaMed, Inc. | *† | | | 4,904 | | | | 19,371 | |
| Odyssey HealthCare, Inc. | * | | | 3,093 | | | | 31,796 | |
| Omnicare, Inc. | | | | 9,782 | | | | 251,984 | |
| Owens & Minor, Inc. | | | | 3,659 | | | | 160,337 | |
| PDI, Inc. | * | | | 703 | | | | 2,882 | |
| PharMerica Corp. | *† | | | 3,153 | | | | 61,893 | |
| Providence Service Corp. (The) | * | | | 1,639 | | | | 17,947 | |
| PSS World Medical, Inc. | *† | | | 4,966 | | | | 91,921 | |
| Psychemedics Corp. | | | | 902 | | | | 6,206 | |
| Psychiatric Solutions, Inc. | *† | | | 4,353 | | | | 98,987 | |
| RehabCare Group, Inc. | *† | | | 2,389 | | | | 57,169 | |
| Res-Care, Inc. | * | | | 2,426 | | | | 34,692 | |
| Rural/Metro Corp. | *† | | | 1,600 | | | | 4,080 | |
| Skilled Healthcare Group, Inc., Class A | * | | | 2,964 | | | | 22,230 | |
| Sun Healthcare Group, Inc. | * | | | 4,433 | | | | 37,415 | |
| Sunrise Senior Living, Inc. | *† | | | 2,650 | | | | 4,372 | |
| Triple-S Management Corp., Class B (Puerto Rico) | *† | | | 3,128 | | | | 48,766 | |
| U.S. Physical Therapy, Inc. | * | | | 2,083 | | | | 30,724 | |
| United American Healthcare Corp. | * | | | 4,252 | | | | 7,016 | |
| Universal American Corp. | * | | | 5,124 | | | | 44,681 | |
| Universal Health Services, Inc., Class B | | | | 3,981 | | | | 194,472 | |
| VCA Antech, Inc. | *† | | | 7,619 | | | | 203,427 | |
| WellCare Health Plans, Inc. | *† | | | 4,163 | | | | 76,974 | |
| | | | | | | 4,675,079 | |
Health Care Technology—0.6% |
| Allscripts-Misys Healthcare Solutions, Inc. | † | | | 6,289 | | | | 99,744 | |
| AMICAS, Inc. | * | | | 2,496 | | | | 6,939 | |
| athenahealth, Inc. | * | | | 2,545 | | | | 94,191 | |
| Cerner Corp. | * | | | 5,458 | | | | 339,979 | |
| Computer Programs & Systems, Inc. | † | | | 1,298 | | | | 49,726 | |
| Eclipsys Corp. | *† | | | 4,507 | | | | 80,135 | |
| HLTH Corp. | * | | | 9,424 | | | | 123,454 | |
| MedAssets, Inc. | * | | | 3,153 | | | | 61,326 | |
| Mediware Information Systems, Inc. | * | | | 1,089 | | | | 6,697 | |
| Merge Healthcare, Inc. | * | | | 4,320 | | | | 18,576 | |
See accompanying notes to financial statements.
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| Omnicell, Inc. | * | | | 4,056 | | | $ | 43,602 | |
| Phase Forward, Inc. | *† | | | 3,812 | | | | 57,599 | |
| Quality Systems, Inc. | † | | | 1,755 | | | | 99,965 | |
| Vital Images, Inc. | * | | | 1,498 | | | | 17,002 | |
| | | | | | | 1,098,935 | |
Hotels, Restaurants & Leisure—2.2% |
| AFC Enterprises, Inc. | * | | | 6,571 | | | | 44,354 | |
| Ambassadors Group, Inc. | | | | 2,796 | | | | 38,501 | |
| Ambassadors International, Inc. | * | | | 524 | | | | 157 | |
| Ameristar Casinos, Inc. | | | | 3,664 | | | | 69,726 | |
| Bally Technologies, Inc. | * | | | 5,574 | | | | 166,774 | |
| Benihana, Inc., Class A | * | | | 680 | | | | 4,298 | |
| Bluegreen Corp. | * | | | 1,800 | | | | 4,536 | |
| Bob Evans Farms, Inc. | | | | 2,925 | | | | 84,064 | |
| Boyd Gaming Corp. | * | | | 8,538 | | | | 72,573 | |
| Brinker International, Inc. | | | | 8,478 | | | | 144,380 | |
| Buffalo Wild Wings, Inc. | * | | | 1,504 | | | | 48,910 | |
| Burger King Holdings, Inc. | | | | 7,218 | | | | 124,655 | |
| California Pizza Kitchen, Inc. | *† | | | 2,265 | | | | 30,102 | |
| CEC Entertainment, Inc. | * | | | 1,994 | | | | 58,783 | |
| Cedar Fair, LP | | | | 6,608 | | | | 72,292 | |
| Cheesecake Factory, Inc. (The) | *† | | | 4,778 | | | | 82,659 | |
| Chipotle Mexican Grill, Inc., Class A | *† | | | 2,737 | | | | 218,960 | |
| Choice Hotels International, Inc. | | | | 3,101 | | | | 82,518 | |
| Churchill Downs, Inc. | | | | 1,129 | | | | 38,002 | |
| CKE Restaurants, Inc. | | | | 4,056 | | | | 34,395 | |
| Cosi, Inc. | * | | | 3,120 | | | | 1,966 | |
| Cracker Barrel Old Country Store, Inc. | | | | 1,879 | | | | 52,424 | |
| DineEquity, Inc. | † | | | 2,335 | | | | 72,829 | |
| Domino’s Pizza, Inc. | * | | | 4,270 | | | | 31,982 | |
| Dover Downs Gaming & Entertainment, Inc. | | | | 1,687 | | | | 7,845 | |
| Dover Motorsports, Inc. | † | | | 1,645 | | | | 2,336 | |
| Empire Resorts, Inc. | *† | | | 2,513 | | | | 4,549 | |
| Gaylord Entertainment Co. | *† | | | 4,934 | | | | 62,711 | |
| Great Wolf Resorts, Inc. | *† | | | 3,072 | | | | 6,267 | |
| International Speedway Corp., Class A | | | | 2,450 | | | | 62,744 | |
| Interval Leisure Group, Inc. | *† | | | 2,598 | | | | 24,213 | |
| Isle of Capri Casinos, Inc. | *† | | | 1,251 | | | | 16,663 | |
| Jack in the Box, Inc. | * | | | 4,991 | | | | 112,048 | |
| Jamba, Inc. | *† | | | 4,465 | | | | 5,358 | |
| Krispy Kreme Doughnuts, Inc. | * | | | 5,000 | | | | 15,000 | |
| Landry’s Restaurants, Inc. | * | | | 1,254 | | | | 10,784 | |
| Las Vegas Sands Corp. | *† | | | 37,246 | | | | 292,754 | |
| Life Time Fitness, Inc. | *† | | | 3,312 | | | | 66,273 | |
| Luby’s, Inc. | * | | | 3,380 | | | | 13,723 | |
| Marcus Corp. | | | | 1,805 | | | | 18,989 | |
| MAXXAM, Inc. | * | | | 857 | | | | 9,256 | |
| McCormick & Schmick’s Seafood Restaurants, Inc. | * | | | 1,401 | | | | 10,662 | |
| MGM MIRAGE | *† | | | 20,799 | | | | 132,906 | |
| Monarch Casino & Resort, Inc. | *† | | | 2,897 | | | | 21,148 | |
| Morgans Hotel Group Co. | *† | | | 7,052 | | | | 27,009 | |
| MTR Gaming Group, Inc. | * | | | 4,525 | | | | 11,312 | |
| Multimedia Games, Inc. | *† | | | 2,902 | | | | 14,394 | |
| O’Charleys, Inc. | | | | 3,157 | | | | 29,202 | |
| Orient-Express Hotels Ltd., Class A (Bermuda) | † | | | 5,846 | | | | 49,633 | |
| P.F. Chang’s China Bistro, Inc. | *† | | | 2,090 | | | | 67,005 | |
| Panera Bread Co., Class A | *† | | | 2,589 | | | | 129,088 | |
| Papa John’s International, Inc. | * | | | 2,356 | | | | 58,405 | |
| Peet’s Coffee & Tea, Inc. | * | | | 1,297 | | | $ | 32,684 | |
| Penn National Gaming, Inc. | * | | | 6,272 | | | | 182,578 | |
| Pinnacle Entertainment, Inc. | * | | | 6,186 | | | | 57,468 | |
| Red Robin Gourmet Burgers, Inc. | *† | | | 1,203 | | | | 22,556 | |
| Royal Caribbean Cruises Ltd. | | | | 11,386 | | | | 154,166 | |
| Ruby Tuesday, Inc. | * | | | 3,481 | | | | 23,183 | |
| Scientific Games Corp., Class A | *† | | | 5,827 | | | | 91,892 | |
| Shuffle Master, Inc. | * | | | 5,440 | | | | 35,958 | |
| Sonic Corp. | * | | | 5,694 | | | | 57,111 | |
| Speedway Motorsports, Inc. | | | | 1,680 | | | | 23,117 | |
| Steak n Shake Co. (The) | *† | | | 2,198 | | | | 19,211 | |
| Texas Roadhouse, Inc., Class A | * | | | 7,315 | | | | 79,807 | |
| Vail Resorts, Inc. | * | | | 2,500 | | | | 67,050 | |
| Wendy’s/Arby’s Group, Inc., Class A | | | | 34,307 | | | | 137,228 | |
| WMS Industries, Inc. | * | | | 3,516 | | | | 110,789 | |
| Youbet.com, Inc. | * | | | 2,200 | | | | 7,260 | |
| | | | | | | 3,964,175 | |
Household Durables—1.1% |
| American Greetings Corp., Class A | | | | 3,420 | | | | 39,946 | |
| Bassett Furniture Industries, Inc. | | | | 610 | | | | 1,677 | |
| Beazer Homes USA, Inc. | *† | | | 5,676 | | | | 10,387 | |
| Blyth, Inc. | † | | | 877 | | | | 28,757 | |
| Brookfield Homes Corp. | *† | | | 858 | | | | 3,432 | |
| California Coastal Communities, Inc. | *† | | | 1,028 | | | | 1,419 | |
| Cavco Industries, Inc. | * | | | 1,216 | | | | 30,801 | |
| Champion Enterprises, Inc. | * | | | 6,043 | | | | 1,934 | |
| CSS Industries, Inc. | | | | 1,140 | | | | 23,233 | |
| Ethan Allen Interiors, Inc. | † | | | 1,648 | | | | 17,073 | |
| Furniture Brands International, Inc. | | | | 4,572 | | | | 13,853 | |
| Garmin Ltd. (Cayman Islands) | | | | 10,958 | | | | 261,020 | |
| Helen of Troy Ltd. (Bermuda) | * | | | 3,172 | | | | 53,258 | |
| Hooker Furniture Corp. | † | | | 1,125 | | | | 12,915 | |
| Hovnanian Enterprises, Inc., Class A | *† | | | 3,491 | | | | 8,239 | |
| Jarden Corp. | * | | | 7,489 | | | | 140,419 | |
| La-Z-Boy, Inc. | † | | | 8,340 | | | | 39,365 | |
| M/I Homes, Inc. | *† | | | 1,741 | | | | 17,044 | |
| MDC Holdings, Inc. | † | | | 2,998 | | | | 90,270 | |
| Meritage Homes Corp. | * | | | 3,880 | | | | 73,177 | |
| Mohawk Industries, Inc. | *† | | | 4,367 | | | | 155,815 | |
| National Presto Industries, Inc. | | | | 656 | | | | 49,922 | |
| NVR, Inc. | * | | | 445 | | | | 223,564 | |
| Palm Harbor Homes, Inc. | *† | | | 1,182 | | | | 2,541 | |
| Russ Berrie & Co., Inc. | * | | | 1,157 | | | | 4,524 | |
| Ryland Group, Inc. | | | | 3,938 | | | | 66,001 | |
| Sealy Corp. | *† | | | 6,171 | | | | 12,095 | |
| Skyline Corp. | | | | 918 | | | | 19,966 | |
| Standard Pacific Corp. | * | | | 10,118 | | | | 20,539 | |
| Tempur-Pedic International, Inc. | † | | | 9,118 | | | | 119,172 | |
| Toll Brothers, Inc. | *† | | | 11,186 | | | | 189,826 | |
| Tupperware Brands Corp. | | | | 5,787 | | | | 150,578 | |
| Universal Electronics, Inc. | * | | | 1,589 | | | | 32,050 | |
| | | | | | | 1,914,812 | |
Household Products—0.4% |
| Central Garden and Pet Co. | * | | | 3,162 | | | | 34,750 | |
| Central Garden and Pet Co., Class A | * | | | 2,770 | | | | 27,284 | |
| Church & Dwight Co., Inc. | | | | 6,771 | | | | 367,733 | |
See accompanying notes to financial statements.
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| Energizer Holdings, Inc. | * | | | 5,894 | | | $ | 307,903 | |
| WD-40 Co. | | | | 1,550 | | | | 44,950 | |
| | | | | | | 782,620 | |
Independent Power Producers & Energy Traders—0.8% |
| Calpine Corp. | * | | | 30,602 | | | | 341,212 | |
| Mirant Corp. | * | | | 14,922 | | | | 234,872 | |
| NRG Energy, Inc. | * | | | 22,851 | | | | 593,212 | |
| Ormat Technologies, Inc. | † | | | 1,614 | | | | 65,061 | |
| RRI Energy, Inc. | * | | | 27,722 | | | | 138,887 | |
| | | | | | | 1,373,244 | |
Industrial Conglomerates—0.4% |
| Carlisle Cos., Inc. | | | | 5,366 | | | | 128,999 | |
| Icahn Enterprises LP | | | | 533 | | | | 20,904 | |
| McDermott International, Inc. | * | | | 21,019 | | | | 426,896 | |
| Otter Tail Corp. | † | | | 2,897 | | | | 63,271 | |
| Raven Industries, Inc. | † | | | 1,490 | | | | 38,144 | |
| Seaboard Corp. | | | | 43 | | | | 48,246 | |
| Standex International Corp. | | | | 1,584 | | | | 18,374 | |
| Tredegar Corp. | | | | 2,467 | | | | 32,860 | |
| | | | | | | 777,694 | |
Insurance—9.5% |
| Alleghany Corp. | * | | | 544 | | | | 147,424 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 3,096 | | | | 126,410 | |
| Ambac Financial Group, Inc. | † | | | 18,320 | | | | 16,854 | |
| American Financial Group, Inc. | | | | 6,180 | | | | 133,364 | |
| American Independence Corp. | * | | | 430 | | | | 2,000 | |
| American National Insurance Co. | † | | | 1,438 | | | | 108,684 | |
| American Physicians Capital, Inc. | | | | 1,201 | | | | 47,031 | |
| American Physicians Service Group, Inc. | | | | 1,691 | | | | 38,369 | |
| American Safety Insurance Holdings Ltd. (Bermuda) | * | | | 2,656 | | | | 36,148 | |
| Amerisafe, Inc. | * | | | 2,182 | | | | 33,952 | |
| Amtrust Financial Services, Inc. | | | | 3,403 | | | | 38,794 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 5,123 | | | | 300,105 | |
| Argo Group International Holdings Ltd. (Bermuda) | * | | | 3,031 | | | | 85,535 | |
| Arthur J. Gallagher & Co. | | | | 7,382 | | | | 157,532 | |
| Aspen Insurance Holdings Ltd. (Bermuda) | | | | 5,878 | | | | 131,315 | |
| Assured Guaranty Ltd. (Bermuda) | † | | | 6,348 | | | | 78,588 | |
| Axis Capital Holdings Ltd. (Bermuda) | | | | 12,944 | | | | 338,874 | |
| Baldwin & Lyons, Inc., Class B | † | | | 1,316 | | | | 25,925 | |
| Berkshire Hathaway, Inc., Class A | * | | | 105 | | | | 9,450,000 | |
| Brown & Brown, Inc. | | | | 9,399 | | | | 187,322 | |
| Citizens, Inc. | *† | | | 4,717 | | | | 28,679 | |
| CNA Financial Corp. | † | | | 1,883 | | | | 29,130 | |
| CNA Surety Corp. | * | | | 1,486 | | | | 20,046 | |
| Conseco, Inc. | *† | | | 12,970 | | | | 30,739 | |
| Crawford & Co., Class B | *† | | | 3,543 | | | | 17,006 | |
| Delphi Financial Group, Inc., Class A | | | | 3,694 | | | | 71,774 | |
| Donegal Group, Inc., Class B | | | | 759 | | | | 10,592 | |
| eHealth, Inc. | * | | | 2,028 | | | | 35,815 | |
| EMC Insurance Group, Inc. | † | | | 1,041 | | | | 21,663 | |
| Employers Holdings, Inc. | | | | 4,738 | | | | 64,200 | |
| Endurance Specialty Holdings Ltd. (Bermuda) | | | | 4,392 | | | $ | 128,686 | |
| Enstar Group Ltd. (Bermuda) | * | | | 626 | | | | 36,840 | |
| Erie Indemnity Co., Class A | | | | 3,264 | | | | 116,721 | |
| Everest Re Group Ltd. (Bermuda) | | | | 4,967 | | | | 355,488 | |
| FBL Financial Group, Inc., Class A | † | | | 1,058 | | | | 8,739 | |
| Fidelity National Financial, Inc., Class A | | | | 20,687 | | | | 279,895 | |
| First American Corp. | | | | 6,560 | | | | 169,970 | |
| First Mercury Financial Corp. | | | | 1,534 | | | | 21,123 | |
| FPIC Insurance Group, Inc. | * | | | 1,050 | | | | 32,151 | |
| Greenlight Capital Re Ltd., Class A (Cayman Islands) | * | | | 2,930 | | | | 50,718 | |
| Hanover Insurance Group, Inc. (The) | † | | | 3,980 | | | | 151,678 | |
| Harleysville Group, Inc. | † | | | 1,278 | | | | 36,065 | |
| HCC Insurance Holdings, Inc. | | | | 9,123 | | | | 219,043 | |
| Hilltop Holdings, Inc. | *† | | | 3,923 | | | | 46,566 | |
| Horace Mann Educators Corp. | | | | 3,101 | | | | 30,917 | |
| Independence Holding Co. | | | | 963 | | | | 6,125 | |
| Infinity Property & Casualty Corp. | | | | 1,280 | | | | 46,669 | |
| IPC Holdings Ltd. (Bermuda) | | | | 4,430 | | | | 121,116 | |
| Kansas City Life Insurance Co. | | | | 903 | | | | 24,300 | |
| Markel Corp. | *† | | | 821 | | | | 231,276 | |
| Max Capital Group Ltd. (Bermuda) | | | | 4,157 | | | | 76,738 | |
| Meadowbrook Insurance Group, Inc. | | | | 6,165 | | | | 40,258 | |
| Mercury General Corp. | † | | | 2,807 | | | | 93,838 | |
| Montpelier Re Holdings Ltd. (Bermuda) | | | | 6,945 | | | | 92,299 | |
| National Financial Partners Corp. | † | | | 7,233 | | | | 52,946 | |
| Navigators Group, Inc. | * | | | 1,745 | | | | 77,530 | |
| NYMAGIC, Inc. | | | | 1,110 | | | | 15,407 | |
| Odyssey Re Holdings Corp. | † | | | 1,814 | | | | 72,524 | |
| Old Republic International Corp. | | | | 18,687 | | | | 184,067 | |
| OneBeacon Insurance Group Ltd., Class A | † | | | 2,457 | | | | 28,722 | |
| PartnerRe Ltd. (Bermuda) | | | | 5,003 | | | | 324,945 | |
| Phoenix Cos., Inc. (The) | * | | | 9,881 | | | | 16,501 | |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 4,036 | | | | 115,389 | |
| PMA Capital Corp., Class A | * | | | 5,374 | | | | 24,452 | |
| Presidential Life Corp. | | | | 2,568 | | | | 19,440 | |
| ProAssurance Corp. | *† | | | 2,725 | | | | 125,922 | |
| Protective Life Corp. | † | | | 7,261 | | | | 83,066 | |
| Reinsurance Group of America, Inc. | | | | 5,842 | | | | 203,944 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 5,326 | | | | 247,872 | |
| RLI Corp. | † | | | 1,980 | | | | 88,704 | |
| Safety Insurance Group, Inc. | † | | | 2,360 | | | | 72,122 | |
| SeaBright Insurance Holdings, Inc. | * | | | 3,141 | | | | 31,818 | |
| Selective Insurance Group, Inc. | | | | 6,236 | | | | 79,634 | |
| StanCorp Financial Group, Inc. | | | | 4,118 | | | | 118,104 | |
| State Auto Financial Corp. | | | | 1,741 | | | | 30,468 | |
| Stewart Information Services Corp. | | | | 1,684 | | | | 23,997 | |
| Tower Group, Inc. | | | | 3,003 | | | | 74,414 | |
| Transatlantic Holdings, Inc. | | | | 4,926 | | | | 213,444 | |
| United Fire & Casualty Co. | † | | | 2,592 | | | | 44,453 | |
| Unitrin, Inc. | | | | 3,311 | | | | 39,798 | |
See accompanying notes to financial statements.
236
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| Validus Holdings Ltd. (Bermuda) | † | | | 2,732 | | | $ | 60,049 | |
| W.R. Berkley Corp. | | | | 11,815 | | | | 253,668 | |
| Wesco Financial Corp. | | | | 115 | | | | 33,465 | |
| White Mountains Insurance Group Ltd. | | | | 640 | | | | 146,502 | |
| Zenith National Insurance Corp. | † | | | 2,791 | | | | 60,676 | |
| | | | | | | 17,195,132 | |
Internet & Catalog Retail—0.6% |
| 1-800-FLOWERS.COM, Inc., Class A | * | | | 2,113 | | | | 4,057 | |
| Blue Nile, Inc. | *† | | | 1,625 | | | | 69,859 | |
| dELiA*s, Inc. | * | | | 2,555 | | | | 6,081 | |
| drugstore.com, Inc. | * | | | 18,137 | | | | 33,009 | |
| Hollywood Media Corp. | * | | | 15,979 | | | | 24,927 | |
| HSN, Inc. | * | | | 2,598 | | | | 27,461 | |
| Liberty Media Corp. - Interactive, Series A | * | | | 50,575 | | | | 253,381 | |
| NetFlix, Inc. | *† | | | 3,996 | | | | 165,195 | |
| NutriSystem, Inc. | † | | | 3,071 | | | | 44,530 | |
| Overstock.com, Inc. | *† | | | 3,326 | | | | 39,779 | |
| priceline.com, Inc. | *† | | | 3,625 | | | | 404,369 | |
| Shutterfly, Inc. | *† | | | 2,715 | | | | 37,874 | |
| Stamps.com, Inc. | * | | | 2,642 | | | | 22,404 | |
| Ticketmaster Entertainment, Inc. | * | | | 2,598 | | | | 16,679 | |
| Valuevision Media, Inc., Class A | * | | | 6,193 | | | | 12,138 | |
| | | | | | | 1,161,743 | |
Internet Software & Services—1.1% |
| Art Technology Group, Inc. | * | | | 13,955 | | | | 53,029 | |
| Autobytel, Inc. | * | | | 4,755 | | | | 2,040 | |
| Bankrate, Inc. | *† | | | 1,551 | | | | 39,147 | |
| comScore, Inc. | * | | | 2,914 | | | | 38,814 | |
| Constant Contact, Inc. | *† | | | 2,460 | | | | 48,806 | |
| DealerTrack Holdings, Inc. | *† | | | 4,113 | | | | 69,921 | |
| Digital River, Inc. | * | | | 3,158 | | | | 114,699 | |
| DivX, Inc. | * | | | 2,892 | | | | 15,877 | |
| Earthlink, Inc. | * | | | 9,949 | | | | 73,722 | |
| Equinix, Inc. | * | | | 3,053 | | | | 222,075 | |
| GSI Commerce, Inc. | *† | | | 1,470 | | | | 20,948 | |
| IAC/InterActiveCorp | * | | | 9,528 | | | | 152,924 | |
| Imergent, Inc. | | | | 1,043 | | | | 7,301 | |
| Infospace, Inc. | * | | | 4,619 | | | | 30,624 | |
| Internap Network Services Corp. | * | | | 8,921 | | | | 31,134 | |
| Internet Brands, Inc., Class A | * | | | 2,400 | | | | 16,800 | |
| Internet Capital Group, Inc. | * | | | 3,445 | | | | 23,185 | |
| Ipass, Inc. | * | | | 6,163 | | | | 9,861 | |
| j2 Global Communications, Inc. | * | | | 4,168 | | | | 94,030 | |
| Keynote Systems, Inc. | * | | | 3,262 | | | | 24,922 | |
| Knot, Inc. (The) | * | | | 3,458 | | | | 27,249 | |
| Limelight Networks, Inc. | * | | | 2,028 | | | | 8,923 | |
| LivePerson, Inc. | * | | | 3,334 | | | | 13,336 | |
| Looksmart Ltd. | * | | | 4,010 | | | | 5,333 | |
| LoopNet, Inc. | * | | | 1,850 | | | | 14,338 | |
| Marchex, Inc., Class B | † | | | 2,710 | | | | 9,133 | |
| ModusLink Global Solutions, Inc. | * | | | 3,461 | | | | 23,742 | |
| Move, Inc. | * | | | 12,712 | | | | 27,458 | |
| NaviSite, Inc. | * | | | 3,725 | | | | 5,103 | |
| NIC, Inc. | | | | 6,673 | | | | 45,176 | |
| Omniture, Inc. | * | | | 8,021 | | | $ | 100,744 | |
| On2 Technologies, Inc. | *† | | | 39,239 | | | | 16,480 | |
| Openwave Systems, Inc. | * | | | 4,311 | | | | 9,657 | |
| Perficient, Inc. | * | | | 2,090 | | | | 14,609 | |
| Rackspace Hosting, Inc. | *† | | | 6,063 | | | | 84,033 | |
| RealNetworks, Inc. | * | | | 10,782 | | | | 32,238 | |
| Saba Software, Inc. | * | | | 1,576 | | | | 6,068 | |
| SAVVIS, Inc. | * | | | 3,224 | | | | 36,947 | |
| support.com, Inc. | * | | | 4,962 | | | | 10,817 | |
| Terremark Worldwide, Inc. | *† | | | 3,200 | | | | 18,496 | |
| United Online, Inc. | | | | 6,200 | | | | 40,362 | |
| Valueclick, Inc. | * | | | 6,880 | | | | 72,378 | |
| Vertro, Inc. | * | | | 6,581 | | | | 1,250 | |
| Vignette Corp. | * | | | 2,329 | | | | 30,626 | |
| VistaPrint Ltd. (Bermuda) | *† | | | 4,124 | | | | 175,889 | |
| Vocus, Inc. | *† | | | 2,731 | | | | 53,965 | |
| Web.com Group, Inc. | * | | | 1,785 | | | | 10,050 | |
| WebMD Health Corp., Class A | *† | | | 510 | | | | 15,259 | |
| WebMediaBrands, Inc. | * | | | 4,020 | | | | 2,207 | |
| Zix Corp. | *† | | | 12,056 | | | | 18,084 | |
| | | | | | | 2,019,809 | |
IT Services—4.2% |
| Accenture Ltd., Class A (Bermuda) | | | | 52,136 | | | | 1,744,471 | |
| Acxiom Corp. | † | | | 6,440 | | | | 56,865 | |
| Alliance Data Systems Corp. | *† | | | 5,559 | | | | 228,975 | |
| Broadridge Financial Solutions, Inc. | | | | 11,632 | | | | 192,859 | |
| CACI International, Inc., Class A | *† | | | 2,488 | | | | 106,262 | |
| Cass Information Systems, Inc. | | | | 1,213 | | | | 39,714 | |
| Ciber, Inc. | * | | | 5,015 | | | | 15,546 | |
| CSG Systems International, Inc. | * | | | 3,644 | | | | 48,247 | |
| Cybersource Corp. | *† | | | 6,953 | | | | 106,381 | |
| DST Systems, Inc. | * | | | 3,068 | | | | 113,363 | |
| Edgewater Technology, Inc. | * | | | 1,533 | | | | 3,955 | |
| Euronet Worldwide, Inc. | *† | | | 4,629 | | | | 89,756 | |
| Forrester Research, Inc. | *† | | | 1,573 | | | | 38,617 | |
| Gartner, Inc., Class A | *† | | | 5,871 | | | | 89,591 | |
| Genpact Ltd. (Bermuda) | * | | | 4,278 | | | | 50,267 | |
| Global Payments, Inc. | | | | 6,747 | | | | 252,743 | |
| Hackett Group, Inc. (The) | * | | | 7,902 | | | | 18,412 | |
| Heartland Payment Systems, Inc. | | | | 2,630 | | | | 25,169 | |
| Hewitt Associates, Inc., Class A | * | | | 7,271 | | | | 216,530 | |
| iGATE Corp. | | | | 2,997 | | | | 19,840 | |
| infoGROUP, Inc. | * | | | 2,708 | | | | 15,463 | |
| Integral Systems, Inc. | *† | | | 2,356 | | | | 19,602 | |
| Lender Processing Services, Inc. | | | | 7,712 | | | | 214,162 | |
| Lionbridge Technologies, Inc. | * | | | 7,889 | | | | 14,516 | |
| Management Network Group, Inc. | * | | | 1,600 | | | | 592 | |
| Mantech International Corp., Class A | *† | | | 1,826 | | | | 78,591 | |
| Mastech Holdings, Inc. | * | | | 199 | | | | 691 | |
| MAXIMUS, Inc. | | | | 1,558 | | | | 64,268 | |
| Metavante Technologies, Inc. | * | | | 7,917 | | | | 204,734 | |
| MoneyGram International, Inc. | * | | | 5,957 | | | | 10,603 | |
| NCI, Inc., Class A | *† | | | 616 | | | | 18,739 | |
| NeuStar, Inc., Class A | * | | | 6,425 | | | | 142,378 | |
| Online Resources Corp. | * | | | 2,780 | | | | 17,347 | |
| Perot Systems Corp., Class A | * | | | 6,762 | | | | 96,899 | |
| Pfsweb, Inc. | * | | | 1,209 | | | | 1,632 | |
| SAIC, Inc. | * | | | 18,327 | | | | 339,966 | |
| Sapient Corp. | *† | | | 6,981 | | | | 43,910 | |
See accompanying notes to financial statements.
237
SCHEDULE OF INVESTMENTS—(Continued)
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| SRA International, Inc., Class A | *† | | | 3,081 | | | $ | 54,102 | |
| StarTek, Inc. | * | | | 1,875 | | | | 15,037 | |
| Syntel, Inc. | † | | | 2,183 | | | | 68,634 | |
| TeleTech Holdings, Inc. | * | | | 4,057 | | | | 61,464 | |
| TNS, Inc. | * | | | 3,922 | | | | 73,537 | |
| Unisys Corp. | * | | | 23,702 | | | | 35,790 | |
| VeriFone Holdings, Inc. | * | | | 7,751 | | | | 58,210 | |
| Visa, Inc., Class A | † | | | 38,099 | | | | 2,372,044 | |
| Wright Express Corp. | * | | | 3,218 | | | | 81,962 | |
| | | | | | | 7,562,436 | |
Leisure Equipment & Products—0.2% |
| Arctic Cat, Inc. | | | | 1,738 | | | | 7,022 | |
| Brunswick Corp. | † | | | 9,596 | | | | 41,455 | |
| Callaway Golf Co. | † | | | 5,616 | | | | 28,473 | |
| Jakks Pacific, Inc. | * | | | 2,425 | | | | 31,113 | |
| Leapfrog Enterprises, Inc. | *† | | | 3,363 | | | | 7,701 | |
| Nautilus, Inc. | *† | | | 2,480 | | | | 2,802 | |
| Polaris Industries, Inc. | † | | | 2,511 | | | | 80,653 | |
| Pool Corp. | † | | | 3,726 | | | | 61,703 | |
| RC2 Corp. | * | | | 1,530 | | | | 20,242 | |
| Smith & Wesson Holding Corp. | *† | | | 6,049 | | | | 34,358 | |
| Steinway Musical Instruments, Inc. | * | | | 1,536 | | | | 16,435 | |
| Sturm Ruger & Co., Inc. | † | | | 2,146 | | | | 26,696 | |
| | | | | | | 358,653 | |
Life Sciences Tools & Services—1.4% |
| Accelrys, Inc. | * | | | 3,326 | | | | 19,657 | |
| Affymetrix, Inc. | *† | | | 8,830 | | | | 52,362 | |
| Albany Molecular Research, Inc. | * | | | 2,944 | | | | 24,700 | |
| AMAG Pharmaceuticals, Inc. | *† | | | 1,541 | | | | 84,246 | |
| Bio-Rad Laboratories, Inc., Class A | * | | | 1,584 | | | | 119,560 | |
| Bruker Corp. | * | | | 4,130 | | | | 38,244 | |
| Caliper Life Sciences, Inc. | *† | | | 3,187 | | | | 5,641 | |
| Cambrex Corp. | *† | | | 2,958 | | | | 12,187 | |
| Charles River Laboratories International, Inc. | * | | | 5,688 | | | | 191,970 | |
| Clinical Data, Inc. | *† | | | 1,998 | | | | 22,018 | |
| Covance, Inc. | *† | | | 5,217 | | | | 256,676 | |
| Dionex Corp. | *† | | | 1,461 | | | | 89,165 | |
| Enzo Biochem, Inc. | * | | | 6,306 | | | | 27,936 | |
| eResearchTechnology, Inc. | * | | | 4,314 | | | | 26,790 | |
| Exelixis, Inc. | * | | | 10,192 | | | | 49,635 | |
| Illumina, Inc. | *† | | | 11,624 | | | | 452,639 | |
| Kendle International, Inc. | * | | | 1,230 | | | | 15,055 | |
| Luminex Corp. | * | | | 4,012 | | | | 74,383 | |
| Mettler-Toledo International, Inc. (Switzerland) | *† | | | 2,652 | | | | 204,602 | |
| Nektar Therapeutics | * | | | 8,780 | | | | 56,894 | |
| Ore Pharmaceuticals, Inc. | * | | | 190 | | | | 107 | |
| Parexel International Corp. | * | | | 5,995 | | | | 86,208 | |
| Pharmaceutical Product Development, Inc. | | | | 9,700 | | | | 225,234 | |
| Sequenom, Inc. | *† | | | 4,473 | | | | 17,489 | |
| Techne Corp. | | | | 4,402 | | | | 280,892 | |
| Varian, Inc. | * | | | 2,626 | | | | 103,543 | |
| | | | | | | 2,537,833 | |
Machinery—2.9% |
| 3D Systems Corp. | *† | | | 2,259 | | | | 16,287 | |
| Actuant Corp., Class A | † | | | 6,590 | | | | 80,398 | |
| AGCO Corp. | * | | | 8,387 | | | $ | 243,810 | |
| Albany International Corp., Class A | | | | 2,060 | | | | 23,443 | |
| Ampco-Pittsburgh Corp. | | | | 986 | | | | 23,122 | |
| Astec Industries, Inc. | *† | | | 1,849 | | | | 54,897 | |
| Badger Meter, Inc. | | | | 1,258 | | | | 51,578 | |
| Barnes Group, Inc. | | | | 3,373 | | | | 40,105 | |
| Blount International, Inc. | * | | | 4,339 | | | | 37,359 | |
| Briggs & Stratton Corp. | | | | 4,194 | | | | 55,948 | |
| Bucyrus International, Inc. | | | | 7,345 | | | | 209,773 | |
| Cascade Corp. | † | | | 779 | | | | 12,254 | |
| Chart Industries, Inc. | * | | | 2,135 | | | | 38,814 | |
| CIRCOR International, Inc. | | | | 1,935 | | | | 45,685 | |
| CLARCOR, Inc. | † | | | 4,021 | | | | 117,373 | |
| Colfax Corp. | * | | | 2,950 | | | | 22,774 | |
| Columbus McKinnon Corp. | * | | | 1,765 | | | | 22,327 | |
| Commercial Vehicle Group, Inc. | * | | | 3,457 | | | | 4,978 | |
| Crane Co. | | | | 4,617 | | | | 103,005 | |
| Donaldson Co., Inc. | † | | | 6,056 | | | | 209,780 | |
| Dynamic Materials Corp. | | | | 2,558 | | | | 49,318 | |
| EnPro Industries, Inc. | *† | | | 2,250 | | | | 40,523 | |
| ESCO Technologies, Inc. | *† | | | 2,308 | | | | 103,398 | |
| Federal Signal Corp. | | | | 3,130 | | | | 23,945 | |
| Flow International Corp. | * | | | 9,896 | | | | 23,256 | |
| Force Protection, Inc. | * | | | 10,037 | | | | 88,727 | |
| FreightCar America, Inc. | † | | | 930 | | | | 15,633 | |
| Gardner Denver, Inc. | * | | | 4,577 | | | | 115,203 | |
| Gorman-Rupp Co. (The) | † | | | 1,890 | | | | 38,121 | |
| Graco, Inc. | | | | 5,403 | | | | 118,974 | |
| Graham Corp. | | | | 882 | | | | 11,731 | |
| Greenbrier Cos., Inc. | | | | 1,195 | | | | 8,592 | |
| Harsco Corp. | | | | 7,281 | | | | 206,052 | |
| Hurco Cos., Inc. | * | | | 750 | | | | 11,723 | |
| IDEX Corp. | | | | 7,284 | | | | 178,968 | |
| John Bean Technologies Corp. | | | | 3,917 | | | | 49,041 | |
| Joy Global, Inc. | | | | 9,551 | | | | 341,162 | |
| Kadant, Inc. | * | | | 1,553 | | | | 17,533 | |
| Kaydon Corp. | † | | | 2,761 | | | | 89,898 | |
| Kennametal, Inc. | | | | 6,043 | | | | 115,905 | |
| L.B. Foster Co., Class A | * | | | 951 | | | | 28,597 | |
| Lincoln Electric Holdings, Inc. | | | | 3,442 | | | | 124,050 | |
| Lindsay Corp. | † | | | 969 | | | | 32,074 | |
| Lydall, Inc. | * | | | 2,150 | | | | 7,310 | |
| Middleby Corp. | *† | | | 1,555 | | | | 68,296 | |
| Mueller Industries, Inc. | | | | 2,932 | | | | 60,986 | |
| Mueller Water Products, Inc., Class A | | | | 15,083 | | | | 56,410 | |
| NACCO Industries, Inc., Class A | | | | 310 | | | | 8,903 | |
| Navistar International Corp. | * | | | 6,536 | | | | 284,970 | |
| NN, Inc. | † | | | 2,240 | | | | 3,763 | |
| Nordson Corp. | † | | | 2,883 | | | | 111,457 | |
| Oshkosh Corp. | | | | 9,004 | | | | 130,918 | |
| Pentair, Inc. | | | | 8,149 | | | | 208,777 | |
| RBC Bearings, Inc. | * | | | 1,852 | | | | 37,873 | |
| Robbins & Myers, Inc. | | | | 2,530 | | | | 48,703 | |
| Sauer-Danfoss, Inc. | | | | 832 | | | | 5,100 | |
| SPX Corp. | | | | 4,388 | | | | 214,880 | |
| Tecumseh Products Co., Class A | * | | | 1,703 | | | | 16,536 | |
| Tennant Co. | | | | 1,394 | | | | 25,636 | |
| Terex Corp. | * | | | 9,983 | | | | 120,495 | |
| Timken Co. | | | | 6,731 | | | | 114,965 | |
| Titan International, Inc. | † | | | 4,901 | | | | 36,610 | |
| Toro Co. | † | | | 3,178 | | | | 95,022 | |
| Trinity Industries, Inc. | † | | | 6,337 | | | | 86,310 | |
| Valmont Industries, Inc. | † | | | 1,676 | | | | 120,806 | |
See accompanying notes to financial statements.
238
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| Wabash National Corp. | † | | | 2,596 | | | $ | 1,817 | |
| Wabtec Corp. | † | | | 4,035 | | | | 129,806 | |
| Watts Water Technologies, Inc., Class A | | | | 2,709 | | | | 58,352 | |
| | | | | | | 5,300,835 | |
Marine—0.3% |
| Alexander & Baldwin, Inc. | † | | | 3,735 | | | | 87,548 | |
| American Commercial Lines, Inc. | *† | | | 726 | | | | 11,239 | |
| Eagle Bulk Shipping, Inc. | † | | | 7,947 | | | | 37,271 | |
| Excel Maritime Carriers Ltd. (Greece) | † | | | 5,862 | | | | 39,451 | |
| Genco Shipping & Trading Ltd. | † | | | 4,062 | | | | 88,227 | |
| International Shipholding Corp. | | | | 724 | | | | 19,519 | |
| Kirby Corp. | * | | | 4,715 | | | | 149,890 | |
| OceanFreight, Inc. (Greece) | † | | | 1,037 | | | | 1,566 | |
| TBS International Ltd., Class A (Bermuda) | *† | | | 2,419 | | | | 18,892 | |
| | | | | | | 453,603 | |
Media—2.6% |
| 4Kids Entertainment, Inc. | * | | | 2,466 | | | | 5,154 | |
| A.H. Belo Corp., Class A | † | | | 3,861 | | | | 3,784 | |
| Alloy, Inc. | * | | | 3,318 | | | | 17,552 | |
| Arbitron, Inc. | | | | 2,121 | | | | 33,703 | |
| Ascent Media Corp., Class A | * | | | 959 | | | | 25,490 | |
| Belo Corp., Class A | | | | 6,361 | | | | 11,386 | |
| Cablevision Systems Corp., Class A | | | | 19,549 | | | | 379,446 | |
| Carmike Cinemas, Inc. | | | | 1,009 | | | | 8,455 | |
| CKX, Inc. | * | | | 6,718 | | | | 47,631 | |
| Clear Channel Outdoor Holdings, Inc., Class A | * | | | 2,470 | | | | 13,091 | |
| Crown Media Holdings, Inc., Class A | *† | | | 4,399 | | | | 7,346 | |
| Cumulus Media, Inc., Class A | * | | | 3,854 | | | | 3,584 | |
| Discovery Communications, Inc., Series A | * | | | 16,547 | | | | 373,135 | |
| Discovery Communications, Inc., Series C | * | | | 9,599 | | | | 197,067 | |
| DISH Network Corp., Class A | * | | | 18,284 | | | | 296,384 | |
| DreamWorks Animation SKG, Inc., Class A | *† | | | 5,937 | | | | 163,802 | |
| E.W. Scripps Co., (The), Class A | † | | | 7,011 | | | | 14,653 | |
| EDCI Holdings, Inc. | * | | | 533 | | | | 2,798 | |
| Emmis Communications Corp., Class A | * | | | 4,461 | | | | 1,338 | |
| Entercom Communications Corp., Class A | | | | 1,873 | | | | 2,866 | |
| Entravision Communications Corp., Class A | * | | | 4,930 | | | | 2,366 | |
| Gray Television, Inc. | † | | | 3,878 | | | | 1,900 | |
| Harris Interactive, Inc. | * | | | 6,590 | | | | 2,702 | |
| Harte-Hanks, Inc. | | | | 3,759 | | | | 34,771 | |
| Image Entertainment, Inc. | *† | | | 300 | | | | 294 | |
| Interactive Data Corp. | | | | 4,045 | | | | 93,601 | |
| John Wiley & Sons, Inc., Class A | † | | | 4,103 | | | | 136,425 | |
| Journal Communications, Inc., Class A | † | | | 3,220 | | | | 3,381 | |
| Lamar Advertising Co., Class A | *† | | | 5,849 | | | | 89,314 | |
| Lee Enterprises, Inc. | † | | | 6,600 | | | | 3,498 | |
| Liberty Global, Inc., Series A | * | | | 22,898 | | | | 363,849 | |
| Liberty Global, Inc., Series C | *† | | | 300 | | | | 4,743 | |
| Liberty Media Corp.—Capital, Series A | * | | | 8,284 | | | $ | 112,331 | |
| Liberty Media Corp.— Entertainment, Series A | * | | | 46,238 | | | | 1,236,865 | |
| LIN TV Corp., Class A | * | | | 2,390 | | | | 4,015 | |
| Live Nation, Inc. | * | | | 5,574 | | | | 27,090 | |
| Martha Stewart Living Omnimedia, Class A | * | | | 1,860 | | | | 5,692 | |
| Marvel Entertainment, Inc. | * | | | 4,140 | | | | 147,343 | |
| McClatchy Co. (The), Class A | | | | 3,506 | | | | 1,753 | |
| Media General, Inc., Class A | † | | | 1,595 | | | | 3,365 | |
| Mediacom Communications Corp., Class A | * | | | 3,433 | | | | 17,543 | |
| Morningstar, Inc. | * | | | 1,781 | | | | 73,431 | |
| National CineMedia, Inc. | | | | 3,917 | | | | 53,898 | |
| Navarre Corp. | * | | | 6,720 | | | | 11,155 | |
| New Frontier Media, Inc. | * | | | 2,079 | | | | 4,990 | |
| Playboy Enterprises, Inc., Class B | * | | | 1,251 | | | | 3,140 | |
| Primedia, Inc. | † | | | 5,508 | | | | 11,071 | |
| Radio One, Inc., Class A | *† | | | 4,327 | | | | 3,029 | |
| Radio Unica Communications Corp. | *‡δ | | | 1,900 | | | | — | |
| RCN Corp. | *† | | | 3,770 | | | | 22,507 | |
| Regal Entertainment Group, Class A | | | | 6,396 | | | | 85,003 | |
| Regent Communications, Inc. | * | | | 3,610 | | | | 801 | |
| Salem Communications Corp., Class A | * | | | 850 | | | | 816 | |
| Scholastic Corp. | | | | 2,095 | | | | 41,460 | |
| Sinclair Broadcast Group, Inc., Class A | † | | | 4,220 | | | | 8,187 | |
| Sirius XM Radio, Inc. | * | | | 179,684 | | | | 77,264 | |
| Valassis Communications, Inc. | * | | | 4,011 | | | | 24,507 | |
| Value Line, Inc. | | | | 573 | | | | 18,835 | |
| Virgin Media, Inc. | | | | 22,996 | | | | 215,013 | |
| Warner Music Group Corp. | * | | | 4,960 | | | | 29,016 | |
| World Wrestling Entertainment, Inc., Class A | † | | | 2,315 | | | | 29,076 | |
| | | | | | | 4,614,705 | |
Metals & Mining—1.5% |
| Allied Nevada Gold Corp. | *† | | | 5,625 | | | | 45,337 | |
| AMCOL International Corp. | | | | 2,631 | | | | 56,777 | |
| Brush Engineered Materials, Inc. | *† | | | 2,925 | | | | 48,994 | |
| Carpenter Technology Corp. | | | | 4,339 | | | | 90,295 | |
| Century Aluminum Co. | *† | | | 5,622 | | | | 35,025 | |
| Cliffs Natural Resources, Inc. | | | | 11,099 | | | | 271,593 | |
| Coeur d’Alene Mines Corp. | *† | | | 5,987 | | | | 73,640 | |
| Commercial Metals Co. | | | | 10,756 | | | | 172,419 | |
| Compass Minerals International, Inc. | † | | | 2,644 | | | | 145,182 | |
| Haynes International, Inc. | * | | | 1,057 | | | | 25,051 | |
| Hecla Mining Co. | *† | | | 17,674 | | | | 47,366 | |
| Horsehead Holding Corp. | *† | | | 2,963 | | | | 22,074 | |
| Kaiser Aluminum Corp. | | | | 1,080 | | | | 38,783 | |
| Olympic Steel, Inc. | † | | | 1,703 | | | | 41,672 | |
| Reliance Steel & Aluminum Co. | | | | 5,928 | | | | 227,576 | |
| Rock of Ages Corp. | * | | | 1,387 | | | | 2,864 | |
| Royal Gold, Inc. | † | | | 3,754 | | | | 156,542 | |
| RTI International Metals, Inc. | * | | | 2,591 | | | | 45,783 | |
| Schnitzer Steel Industries, Inc., Class A | | | | 2,442 | | | | 129,084 | |
| Southern Copper Corp. | † | | | 18,571 | | | | 379,591 | |
| Steel Dynamics, Inc. | | | | 18,103 | | | | 266,657 | |
| Stillwater Mining Co. | * | | | 8,114 | | | | 46,331 | |
See accompanying notes to financial statements.
239
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| Universal Stainless & Alloy Products, Inc. | *† | | | 2,058 | | | $ | 33,484 | |
| Walter Energy, Inc. | | | | 5,929 | | | | 214,867 | |
| Worthington Industries, Inc. | | | | 5,837 | | | | 74,655 | |
| | | | | | | 2,691,642 | |
Multiline Retail—0.3% |
| 99 Cents Only Stores | * | | | 5,211 | | | | 70,765 | |
| Dillard’s, Inc., Class A | † | | | 4,360 | | | | 40,112 | |
| Dollar Tree, Inc. | * | | | 7,287 | | | | 306,783 | |
| Fred’s, Inc., Class A | † | | | 3,463 | | | | 43,634 | |
| Retail Ventures, Inc. | * | | | 5,577 | | | | 12,158 | |
| Saks, Inc. | *† | | | 8,548 | | | | 37,867 | |
| Tuesday Morning Corp. | * | | | 1,816 | | | | 6,120 | |
| | | | | | | 517,439 | |
Multi-Utilities—0.9% |
| Alliant Energy Corp. | | | | 9,339 | | | | 244,028 | |
| Avista Corp. | | | | 4,311 | | | | 76,779 | |
| Black Hills Corp. | | | | 3,311 | | | | 76,120 | |
| CH Energy Group, Inc. | † | | | 1,910 | | | | 89,197 | |
| MDU Resources Group, Inc. | | | | 14,476 | | | | 274,609 | |
| NorthWestern Corp. | | | | 2,859 | | | | 65,071 | |
| NSTAR | † | | | 11,662 | | | | 374,467 | |
| OGE Energy Corp. | | | | 8,165 | | | | 231,233 | |
| PNM Resources, Inc. | | | | 6,748 | | | | 72,271 | |
| Vectren Corp. | | | | 7,730 | | | | 181,114 | |
| | | | | | | 1,684,889 | |
Office Electronics—0.1% |
| Zebra Technologies Corp., Class A | * | | | 5,586 | | | | 132,165 | |
Oil, Gas & Consumable Fuels—7.2% |
| Abraxas Petroleum Corp. | *† | | | 7,445 | | | | 7,073 | |
| Adams Resources & Energy, Inc. | | | | 1,462 | | | | 25,073 | |
| Alliance Resource Partners LP | | | | 1,673 | | | | 54,373 | |
| Alpha Natural Resources, Inc. | *† | | | 7,205 | | | | 189,275 | |
| American Oil & Gas, Inc. | *† | | | 4,104 | | | | 4,104 | |
| APCO Argentina, Inc. | | | | 2,488 | | | | 47,844 | |
| Approach Resources, Inc. | * | | | 1,627 | | | | 11,226 | |
| Arch Coal, Inc. | | | | 13,533 | | | | 208,002 | |
| Arena Resources, Inc. | *† | | | 4,084 | | | | 130,075 | |
| Atlas America, Inc. | † | | | 4,007 | | | | 71,605 | |
| Atlas Energy Resources LLC | | | | 3,232 | | | | 66,030 | |
| Atlas Pipeline Partners LP | | | | 4,264 | | | | 33,941 | |
| ATP Oil & Gas Corp. | *† | | | 5,099 | | | | 35,489 | |
| Berry Petroleum Co., Class A | | | | 4,186 | | | | 77,818 | |
| Bill Barrett Corp. | * | | | 3,057 | | | | 83,945 | |
| Blue Dolphin Energy Co. | * | | | 3,650 | | | | 1,533 | |
| Boardwalk Pipeline Partners LP | | | | 4,810 | | | | 108,610 | |
| BP Prudhoe Bay Royalty Trust | | | | 1,774 | | | | 122,406 | |
| BPZ Resources, Inc. | *† | | | 6,548 | | | | 32,020 | |
| BreitBurn Energy Partners LP | | | | 4,554 | | | | 34,975 | |
| Brigham Exploration Co. | * | | | 3,121 | | | | 10,892 | |
| Buckeye Partners LP | | | | 4,491 | | | | 192,350 | |
| Callon Petroleum Co. | * | | | 3,060 | | | | 6,059 | |
| Cano Petroleum, Inc. | *† | | | 5,875 | | | | 5,581 | |
| Carrizo Oil & Gas, Inc. | *† | | | 3,680 | | | | 63,112 | |
| Cheniere Energy, Inc. | *† | | | 8,135 | | | | 23,917 | |
| Cimarex Energy Co. | † | | | 7,684 | | | | 217,765 | |
| Clayton Williams Energy, Inc. | * | | | 1,241 | | | | 23,418 | |
| CNX Gas Corp. | * | | | 2,745 | | | | 72,111 | |
| Comstock Resources, Inc. | * | | | 4,165 | | | | 137,653 | |
| Concho Resources, Inc. | * | | | 5,480 | | | | 157,221 | |
| Contango Oil & Gas Co. | * | | | 1,270 | | | $ | 53,962 | |
| Continental Resources, Inc. | *† | | | 3,333 | | | | 92,491 | |
| Copano Energy LLC | | | | 5,141 | | | | 82,513 | |
| CREDO Petroleum Corp. | *† | | | 2,125 | | | | 22,695 | |
| Cross Timbers Royalty Trust | | | | 833 | | | | 20,742 | |
| Crosstex Energy, Inc. | | | | 3,995 | | | | 16,619 | |
| CVR Energy, Inc. | * | | | 4,542 | | | | 33,293 | |
| DCP Midstream Partners LP | | | | 2,256 | | | | 48,842 | |
| Delta Petroleum Corp. | * | | | 18,693 | | | | 36,077 | |
| DHT Maritime, Inc. (Jersey, Channel Islands) | | | | 5,478 | | | | 28,540 | |
| Dorchester Minerals LP | | | | 2,627 | | | | 60,001 | |
| Edge Petroleum Corp. | * | | | 5,201 | | | | 3,058 | |
| El Paso Pipeline Partners LP | | | | 3,394 | | | | 59,497 | |
| Enbridge Energy Partners LP | | | | 6,400 | | | | 246,912 | |
| Encore Acquisition Co. | * | | | 5,077 | | | | 156,625 | |
| Energy Transfer Equity LP | | | | 17,776 | | | | 450,977 | |
| Energy Transfer Partners LP | | | | 9,262 | | | | 375,018 | |
| Enterprise GP Holdings LP | | | | 3,489 | | | | 87,679 | |
| Enterprise Products Partners LP | | | | 28,784 | | | | 717,873 | |
| Evergreen Energy, Inc. | * | | | 4,470 | | | | 4,381 | |
| EXCO Resources, Inc. | * | | | 16,827 | | | | 217,405 | |
| Forest Oil Corp. | * | | | 8,371 | | | | 124,895 | |
| Foundation Coal Holdings, Inc. | | | | 4,898 | | | | 137,683 | |
| Frontier Oil Corp. | | | | 9,862 | | | | 129,291 | |
| FX Energy, Inc. | * | | | 5,763 | | | | 21,842 | |
| General Maritime Corp. | † | | | 4,323 | | | | 42,754 | |
| Genesis Energy LP | | | | 4,279 | | | | 54,429 | |
| Global Partners LP | | | | 1,963 | | | | 36,414 | |
| GMX Resources, Inc. | * | | | 3,624 | | | | 38,559 | |
| Goodrich Petroleum Corp. | *† | | | 3,087 | | | | 75,909 | |
| Harvest Natural Resources, Inc. | * | | | 3,340 | | | | 14,729 | |
| Holly Corp. | † | | | 4,110 | | | | 73,898 | |
| Holly Energy Partners LP | | | | 1,365 | | | | 43,339 | |
| Hugoton Royalty Trust | | | | 3,289 | | | | 47,493 | |
| Inergy LP | | | | 4,571 | | | | 116,515 | |
| International Coal Group, Inc. | *† | | | 7,310 | | | | 20,907 | |
| James River Coal Co. | * | | | 4,172 | | | | 63,122 | |
| Kinder Morgan Energy Partners LP | | | | 15,558 | | | | 795,325 | |
| Kinder Morgan Management LLC | * | | | 6,824 | | | | 308,240 | |
| Kodiak Oil & Gas Corp. | * | | | 6,000 | | | | 6,540 | |
| K-Sea Transportation Partners LP | | | | 1,300 | | | | 25,493 | |
| Linn Energy LLC | | | | 9,694 | | | | 189,712 | |
| Magellan Midstream Holdings LP | | | | 4,616 | | | | 96,844 | |
| Magellan Midstream Partners LP | | | | 6,053 | | | | 210,402 | |
| Mariner Energy, Inc. | * | | | 9,127 | | | | 107,242 | |
| MarkWest Energy Partners LP | | | | 4,288 | | | | 78,042 | |
| Martin Midstream Partners LP | | | | 1,200 | | | | 24,768 | |
| McMoRan Exploration Co. | * | | | 9,388 | | | | 55,952 | |
| Meridian Resource Corp. | *† | | | 11,330 | | | | 3,965 | |
| National Coal Corp. | *† | | | 2,117 | | | | 2,519 | |
| Natural Resource Partners LP | | | | 3,131 | | | | 65,908 | |
| Newfield Exploration Co. | * | | | 11,385 | | | | 371,948 | |
| NGAS Resources, Inc. | *† | | | 6,300 | | | | 13,167 | |
| NuStar Energy LP | | | | 4,061 | | | | 219,416 | |
| NuStar GP Holdings LLC | | | | 3,028 | | | | 69,947 | |
| ONEOK Partners LP | | | | 4,486 | | | | 205,414 | |
| Overseas Shipholding Group, Inc. | † | | | 1,739 | | | | 59,196 | |
| Pacific Ethanol, Inc. | * | | | 9,943 | | | | 3,878 | |
| Parallel Petroleum Corp. | * | | | 5,650 | | | | 10,961 | |
| Patriot Coal Corp. | *† | | | 8,442 | | | | 53,860 | |
| Penn Virginia Corp. | | | | 4,723 | | | | 77,316 | |
See accompanying notes to financial statements.
240
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| Penn Virginia Resource Partners LP | | | | 3,525 | | | $ | 47,834 | |
| PetroHawk Energy Corp. | * | | | 23,607 | | | | 526,436 | |
| Petroleum Development Corp. | * | | | 1,839 | | | | 28,854 | |
| Petroquest Energy, Inc. | *† | | | 8,496 | | | | 31,350 | |
| Plains All American Pipeline LP | | | | 9,933 | | | | 422,649 | |
| Plains Exploration & Production Co. | * | | | 9,658 | | | | 264,243 | |
| Quest Resource Corp. | * | | | 5,130 | | | | 1,693 | |
| Quicksilver Resources, Inc. | *† | | | 13,492 | | | | 125,341 | |
| Regency Energy Partners LP | | | | 5,734 | | | | 83,487 | |
| Rentech, Inc. | *† | | | 14,020 | | | | 7,991 | |
| Rosetta Resources, Inc. | * | | | 3,732 | | | | 32,655 | |
| SandRidge Energy, Inc. | *† | | | 13,309 | | | | 113,393 | |
| Ship Finance International Ltd. (Bermuda) | † | | | 3,789 | | | | 41,793 | |
| Southern Union Co. | | | | 8,573 | | | | 157,657 | |
| St. Mary Land & Exploration Co. | | | | 6,292 | | | | 131,314 | |
| Stone Energy Corp. | * | | | 6,614 | | | | 49,076 | |
| Sunoco Logistics Partners LP | | | | 1,983 | | | | 107,518 | |
| Swift Energy Co. | * | | | 4,215 | | | | 70,180 | |
| Syntroleum Corp. | *† | | | 9,066 | | | | 20,036 | |
| TC Pipelines LP | | | | 2,270 | | | | 78,973 | |
| Teekay Corp. (Canada) | | | | 3,907 | | | | 82,164 | |
| Teekay Offshore Partners LP (Bahamas) | | | | 2,943 | | | | 41,614 | |
| Tengasco, Inc. | * | | | 9,394 | | | | 5,355 | |
| TEPPCO Partners LP | | | | 7,530 | | | | 224,846 | |
| Toreador Resources Corp. | * | | | 2,250 | | | | 15,075 | |
| Transmontaigne Partners LP | | | | 1,724 | | | | 36,204 | |
| Tri-Valley Corp. | *† | | | 2,100 | | | | 2,142 | |
| Ultra Petroleum Corp. | * | | | 12,569 | | | | 490,191 | |
| Uranium Resources, Inc. | *† | | | 5,500 | | | | 7,040 | |
| USEC, Inc. | *† | | | 11,624 | | | | 61,840 | |
| Vaalco Energy, Inc. | * | | | 8,030 | | | | 33,967 | |
| Verenium Corp. | * | | | 1,790 | | | | 1,360 | |
| W&T Offshore, Inc. | † | | | 4,200 | | | | 40,908 | |
| Warren Resources, Inc. | * | | | 5,202 | | | | 12,745 | |
| Western Refining, Inc. | *† | | | 3,632 | | | | 25,642 | |
| Westmoreland Coal Co. | *† | | | 2,951 | | | | 23,903 | |
| Whiting Petroleum Corp. | * | | | 5,349 | | | | 188,071 | |
| Williams Partners LP | | | | 3,457 | | | | 62,433 | |
| World Fuel Services Corp. | † | | | 2,716 | | | | 111,981 | |
| | | | | | | 12,978,484 | |
Paper & Forest Products—0.2% |
| Buckeye Technologies, Inc. | * | | | 4,965 | | | | 22,293 | |
| Clearwater Paper Corp. | * | | | 820 | | | | 20,738 | |
| Deltic Timber Corp. | † | | | 1,046 | | | | 37,102 | |
| Domtar Corp. (Canada) | * | | | 3,506 | | | | 58,129 | |
| Glatfelter | | | | 3,315 | | | | 29,504 | |
| Louisiana-Pacific Corp. | * | | | 6,527 | | | | 22,322 | |
| Neenah Paper, Inc. | | | | 2,110 | | | | 18,589 | |
| Schweitzer-Mauduit International, Inc. | | | | 2,065 | | | | 56,189 | |
| Wausau Paper Corp. | | | | 3,503 | | | | 23,540 | |
| | | | | | | 288,406 | |
Personal Products—0.5% |
| Alberto-Culver Co. | | | | 7,232 | | | | 183,910 | |
| Bare Escentuals, Inc. | * | | | 4,574 | | | | 40,571 | |
| Chattem, Inc. | *† | | | 1,983 | | | | 135,042 | |
| Elizabeth Arden, Inc. | * | | | 2,728 | | | | 23,815 | |
| Herbalife Ltd. (Cayman Islands) | | | | 6,051 | | | | 190,849 | |
| Mannatech, Inc. | | | | 2,631 | | | $ | 8,682 | |
| Mead Johnson Nutrition Co., Class A | * | | | 2,897 | | | | 92,038 | |
| Medifast, Inc. | *† | | | 2,284 | | | | 26,175 | |
| NBTY, Inc. | * | | | 5,112 | | | | 143,749 | |
| Nu Skin Enterprises, Inc., Class A | | | | 4,322 | | | | 66,127 | |
| Prestige Brands Holdings, Inc. | * | | | 2,900 | | | | 17,835 | |
| Reliv International, Inc. | | | | 3,018 | | | | 10,322 | |
| USANA Health Sciences, Inc. | *† | | | 743 | | | | 22,089 | |
| | | | | | | 961,204 | |
Pharmaceuticals—1.0% |
| Adolor Corp. | * | | | 8,628 | | | | 15,185 | |
| Alexza Pharmaceuticals, Inc. | *† | | | 2,897 | | | | 6,866 | |
| Auxilium Pharmaceuticals, Inc. | *† | | | 4,551 | | | | 142,810 | |
| AVANIR Pharmaceuticals, Inc., Class A | *† | | | 9,525 | | | | 21,145 | |
| BioMimetic Therapeutics, Inc. | * | | | 2,563 | | | | 23,682 | |
| Cadence Pharmaceuticals, Inc. | *† | | | 3,700 | | | | 36,963 | |
| Columbia Laboratories, Inc. | *† | | | 5,940 | | | | 6,772 | |
| CPEX Pharmaceuticals, Inc. | * | | | 201 | | | | 2,008 | |
| Cypress Bioscience, Inc. | * | | | 4,031 | | | | 37,972 | |
| Depomed, Inc. | * | | | 7,330 | | | | 23,823 | |
| Discovery Laboratories, Inc. | *† | | | 10,296 | | | | 10,605 | |
| Durect Corp. | * | | | 7,330 | | | | 17,445 | |
| Emisphere Technologies, Inc. | *† | | | 3,412 | | | | 3,480 | |
| Endo Pharmaceuticals Holdings, Inc. | * | | | 10,438 | | | | 187,049 | |
| Heska Corp. | * | | | 4,463 | | | | 1,651 | |
| Hi-Tech Pharmacal Co., Inc. | * | | | 2,404 | | | | 21,396 | |
| Hollis-Eden Pharmaceuticals, Inc. | * | | | 3,834 | | | | 1,917 | |
| Inspire Pharmaceuticals, Inc. | * | | | 4,570 | | | | 25,409 | |
| KV Pharmaceutical Co., Class A | *† | | | 3,009 | | | | 9,659 | |
| Matrixx Initiatives, Inc. | *† | | | 1,810 | | | | 10,118 | |
| MDRNA, Inc. | *† | | | 3,350 | | | | 4,623 | |
| Medicines Co. (The) | * | | | 5,261 | | | | 44,140 | |
| Medicis Pharmaceutical Corp., Class A | | | | 4,522 | | | | 73,799 | |
| Noven Pharmaceuticals, Inc. | * | | | 3,115 | | | | 44,545 | |
| Obagi Medical Products, Inc. | *† | | | 2,119 | | | | 15,448 | |
| Optimer Pharmaceuticals, Inc. | *† | | | 4,269 | | | | 63,907 | |
| Pain Therapeutics, Inc. | * | | | 3,499 | | | | 18,790 | |
| Par Pharmaceutical Cos., Inc. | *† | | | 3,271 | | | | 49,556 | |
| Penwest Pharmaceuticals Co. | * | | | 5,730 | | | | 16,330 | |
| Perrigo Co. | † | | | 7,060 | | | | 196,127 | |
| Pozen, Inc. | * | | | 1,922 | | | | 14,761 | |
| Questcor Pharmaceuticals, Inc. | *† | | | 4,000 | | | | 20,000 | |
| Salix Pharmaceuticals Ltd. | *† | | | 4,445 | | | | 43,872 | |
| Santarus, Inc. | *† | | | 7,750 | | | | 21,855 | |
| Sepracor, Inc. | * | | | 9,529 | | | | 165,042 | |
| SuperGen, Inc. | *† | | | 3,719 | | | | 7,475 | |
| Valeant Pharmaceuticals International | *† | | | 5,975 | | | | 153,677 | |
| Viropharma, Inc. | * | | | 6,036 | | | | 35,793 | |
| Vivus, Inc. | * | | | 7,557 | | | | 45,947 | |
| Warner Chilcott Ltd., Class A (Bermuda) | * | | | 7,666 | | | | 100,808 | |
| XenoPort, Inc. | * | | | 1,873 | | | | 43,397 | |
| | | | | | | 1,785,847 | |
Professional Services—1.0% |
| Acacia Research - Acacia Technologies | *† | | | 5,547 | | | | 43,655 | |
| Administaff, Inc. | † | | | 2,357 | | | | 54,847 | |
| Advisory Board Co. (The) | * | | | 1,300 | | | | 33,410 | |
See accompanying notes to financial statements.
241
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2009 (Unaudited)
Vantagepoint Mid/Small
Company Index Fund
