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 in connection with the January Meeting. In particular, the Directors reviewed the performance of each Fund over a five-year period ending June 30, 2009, or shorter period, as applicable, relative to its stated investment objective, benchmark and Lipper peer group. The Directors also considered updated performance information for each Fund relative to its benchmark and, with respect to applicable Funds, its Morningstar, Inc. (“Morningstar”) peer category (“Morningstar peer group”), through December 31, 2009.
In reviewing the performance of the Funds over the five-year period ended June 30, 2009, the Directors considered that the performance of each of the following Funds was in one of the first three quintiles of its Lipper peer group for all of the periods reviewed: Money Market Fund; Low Duration Bond Fund; Growth & Income Fund; Select Value Fund; Aggressive Opportunities Fund; International Fund; Diversifying Strategies Fund; 500 Stock 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 Lipper peer group for all but one of the periods reviewed: Inflation Protected Securities Fund; Discovery Fund; Broad Market Index Fund (Class II); Mid/Small Company Index Fund; and Overseas Equity Index Fund.
With respect to the performance of the Asset Allocation Fund, the Directors considered VIA’s assessment that, as compared to the Asset Allocation Fund’s Lipper peer group and Morningstar peer group, the Fund has had an overweight to equities periodically throughout the periods reviewed, especially during the recent economic downturn, and this overweight to equities was the main contributor to the Fund’s relative performance versus its Lipper peer group and Morningstar peer group since 2008. The Directors considered that the Asset Allocation Fund’s performance was above the median of its Morningstar peer group, the Moderate Allocation Fund peer category, in three out of the four calendar years prior to 2008, and noted that VIA considers the Morningstar peer group to be a more relevant peer group comparison than the Lipper peer group when taking into account the Fund’s investment strategy. The Directors also considered VIA’s assessment that the Asset Allocation Fund is reasonably positioned to outperform its benchmark and keep pace with its Morningstar peer group in the current market environment. The Directors further considered that VIA agreed to conduct a strategic review and evaluation, and make recommendations to the Board, with respect to the Fund in the upcoming year.
With respect to the performance of the Equity Income Fund relative to its Lipper peer group, the Board considered VIA’s assessment that its Lipper peer group was comprised of funds that have a higher income focus and a lower capitalization range than the Equity Income Fund, which affected the Fund’s performance compared to its Lipper peer group. The Board considered that the Equity Income Fund’s performance was above the median of its Morningstar peer group, the Morningstar Large Value Fund peer category, which VIA considers a more relevant peer group comparison than the Lipper peer group in light of the strategy of the Equity Income Fund, in three of the five most recent calendar years, and that the Fund outperformed its benchmark during the year ended December 31, 2009.
With regard to the performance of the Growth Fund relative to its Lipper peer group, the Board noted that two of the Growth Fund’s subadvisers had been replaced and the allocation of assets to another subadviser had been increased
VANTAGEPOINT FUNDS
Additional Information (Unaudited)—(Continued)
in September 2008 in order to improve performance. The Directors also considered VIA’s assessment that the Growth Fund’s portfolio included higher quality stocks than the funds in its Lipper peer group since the subadviser changes in 2008, which should provide a favorable risk and reward ratio over the long-term, but hindered the Fund’s relative performance versus its Lipper peer group since 2008. The Directors considered that VIA agreed to conduct a strategic review and evaluation, and make recommendations to the Board, with respect to the Fund in the upcoming year.
With regard to the performance of the Core Bond Index Fund relative to its Lipper peer group, the Directors considered that the Class II performance of the Fund was in the third quintile of its Lipper peer group for the one- and four-year periods ended June 30, 2009. The Directors also took into consideration VIA’s explanation that the Fund performed as expected relative to its benchmark when taking into account the fees and expenses of the Fund.
With regard to the performance of the Broad Market Index Fund (Class I) relative to its Lipper peer group, the Directors considered that the Class I performance of the Fund was in the third quintile of its Lipper peer group for the two-, three- and four-year periods ended June 30, 2009. The Directors also took into consideration VIA’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 VIA’s conclusions, and the reasons supporting VIA’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.1
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 based on the Fund’s total net assets as of June 30, 2009) and actual management fee rate (which included the effect of any fee waivers) as a percentage of total assets—these fee rates include advisory, subadvisory and administrative service fees—to other funds in its Lipper expense 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 at a common asset level, was lower than the median of its Lipper expense group; and (ii) the actual management fee rate of each Fund was lower than the median of its Lipper expense group, except for the Inflation Protected Securities Fund, Select Value Fund, 500 Stock Index Fund, Broad Market Index Fund (Class I), Mid/Small Company Index Fund (Class I), each of the Model Portfolio Funds and each of the Milestone Funds. With respect to these Funds, the Board considered that each Fund’s actual total expense ratio was lower than the median of its Lipper expense group, except for the 500 Stock Index Fund (Class I).
The Board also reviewed the information compiled by Lipper comparing each Fund’s total expense ratio to other funds in its Lipper expense group. Based on this comparative expense data, the Board noted that the actual total expense ratio for each Fund, other than the 500 Stock Index Fund (Class I), was lower than the median of its Lipper expense group. The Directors noted that the total expense ratio of the 500 Stock Index Fund (Class I) was in the third quintile of its Lipper expense group and was less than one basis point higher than the median of its Lipper expense group.
The Board also reviewed and considered information about the fee rates charged to other accounts for which VIA’s affiliate provides management and/or investment advisory services, and for which, in some cases, these services are provided in conjunction with administrative services, and took into consideration the differences in services performed for such other accounts as compared to such fee rates.
With regard to the Sub-Advised Funds, the Directors also considered VIA’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 VIA generally to describe other accounts of similar size (including any other registered and unregistered investment companies) managed by a subadviser that have the same investment objective as, and other characteristics similar to, the portfolio being managed for a Fund by the subadviser.
1 With respect to the Directors’ consideration of the Subadvisory Agreement with T. Rowe Price for the Aggressive Opportunities Fund, the Directors acknowledged at the time that VIA was expected to make a recommendation to the Board at the March 2010 Board meeting to terminate the Subadvisory Agreement in light of certain portfolio management changes that were to take place in the first quarter of 2010.
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For each Sub-Advised Fund, the Directors also considered VIA’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 VIA 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 VIA 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 VIA and VTA. With respect to the Sub-Advised Funds, the Directors reviewed the subadviser profitability information to the extent available, and took into account VIA’s on-going monitoring of the appropriateness and competitiveness of each subadvisory fee and fee structure, as well as VIA’s assessment that the subadvisory fee rate charged by each subadviser reflects the lowest available fee schedule from the subadviser for like accounts.
Economies of Scale. With respect to whether economies of scale are realized by VIA as a Fund’s assets increase and whether management fee levels reflect these economies of scale for the benefit of Fund investors, the Board considered, on a Fund-by-Fund basis, the current level of management fee charged and fee structure and concluded that VIA’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 (Diversifying Strategies Fund) and Mellon (Diversifying Strategies 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 VIA’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 VIA and its affiliates and the subadvisers as a result of their relationships with the Funds. With respect to VIA, the Directors noted that, based on the information provided, VIA did not consider there to be any significant benefits in this regard, other than VIA’s personnel indirectly benefiting from increased exposure to the research, insight and resources of the subadvisers. 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 that meet the Funds’ requirements for seeking best execution, and that VIA 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 VIA and each subadviser, the Board concluded that the level of fees to be paid to VIA 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.
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Vantagepoint Aggressive Opportunities Fund
At a meeting held on March 26, 2010 (“March Meeting”), the Board, including a majority of the Independent Directors, approved an initial Investment Subadvisory Agreement (“New Subadvisory Agreement”) among the Company, VIA and Wellington, relating to the Aggressive Opportunities Fund. Also at the March Meeting, VIA recommended and the Board approved: (i) the termination of T. Rowe Price as subadviser to the Aggressive Opportunities Fund; and (ii) an increase in the allocation of the Aggressive Opportunities Fund’s assets to one of the Fund’s existing subadvisers, Legg Mason. Before approving the appointment of Wellington as a subadviser to the Aggressive Opportunities Fund, the Board of the Company considered the recommendations of, and supporting analyses and data presented by, VIA.
With respect to the Board’s consideration of the New Subadvisory Agreement with Wellington, the Directors received written information in advance of the March Meeting from VIA, which included: (1) the process by which VIA selected and recommended for Board approval Wellington as a subadviser to the Aggressive Opportunities Fund; (2) the nature, extent and quality of the services that Wellington would provide to the Aggressive Opportunities Fund; (3) Wellington’s experience, investment management business, personnel and operations; (4) Wellington’s brokerage and trading policies and practices; (5) the level of the subadvisory fee to be charged to the Aggressive Opportunities Fund by Wellington and a comparison of that fee to the: (a) fees charged by Wellington to manage other select mid-cap growth accounts; and (b) fees charged by a group of U.S. separate account investment managers utilizing an active mid-cap growth equity style; (6) Wellington’s compliance program; (7) Wellington’s performance returns utilizing a select mid-cap growth mandate, and such performance compared to a relevant benchmark and peer group; (8) the Aggressive Opportunities Fund’s expected overall investment advisory fee and projected total expense ratio, taking into account the change in subadviser and the increase in the allocation of the Aggressive Opportunities Fund’s assets to Legg Mason, compared to a group of mid-cap growth funds; and (9) Wellington’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 New Subadvisory Agreement, the Directors considered the information received in advance of the March Meeting, the presentations made by, and discussions held with, representatives of Wellington, VIA’s personnel and the Company’s Chief Compliance Officer prior to the March Meeting and at the March Meeting, as applicable, as well as a variety of factors. Although not meant to be all-inclusive, the following discusses some of the factors relevant to the Board’s decision to approve the New Subadvisory Agreement.
Nature, Extent and Quality of Services
With respect to the nature, extent and quality of the services expected to be provided by Wellington under the New Subadvisory Agreement, the Directors considered the specific investment process to be employed by Wellington in managing the assets of the Aggressive Opportunities Fund to be allocated to it; the qualifications of Wellington’s investment management personnel with regard to implementing a select mid-cap growth mandate; Wellington’s performance record as compared to a relevant benchmark and peer group; Wellington’s infrastructure and whether it appeared to adequately support a select mid-cap growth strategy; and VIA’s review process and favorable assessment as to the nature, quality and extent of the subadvisory services expected to be provided by Wellington to the Aggressive Opportunities Fund. The Directors acknowledged that Wellington has experienced portfolio management personnel; and appeared to have adequate infrastructure and support staff to seek to achieve favorable results implementing a select mid-cap growth mandate for the Aggressive Opportunities Fund. The Directors concluded that the nature, extent and quality of the subadvisory services expected to be provided by Wellington were appropriate for the Aggressive Opportunities Fund in light of its investment strategy and, thus, supported a decision to approve the New Subadvisory Agreement.
Investment Performance
The Directors evaluated Wellington’s historical investment performance record in managing its clients’ assets utilizing a select mid-cap growth 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 Wellington’s overall historical investment performance record supported approval of the New Subadvisory Agreement with Wellington.
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Subadvisory Fee, Expense Ratio Impact and Economies of Scale
In evaluating the proposed subadvisory fee, the Directors reviewed Wellington’s subadvisory fee schedule. The Directors considered comparisons of the subadvisory fee to be charged by Wellington to the Aggressive Opportunities Fund with its fee schedule for managing other accounts with an investment mandate similar to the mandate Wellington is to employ on behalf of the Aggressive Opportunities Fund. The Directors also considered that, according to the information provided by VIA, the proposed fee schedule for Wellington reflected the lowest fee rate currently charged by Wellington to other accounts of similar size for which it provides advisory services utilizing a similar mandate, and is lower than its standard fee schedule for managing accounts with a similar mandate. Additionally, the nature of the subadvisory services Wellington is to provide to the Aggressive Opportunities Fund appeared to be comparable to those Wellington currently provides to its other subadvisory clients.
The Directors reviewed information provided by VIA (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 Wellington to a group of U.S. separate account investment managers that employ a similar investment style to the investment style Wellington is to employ for the Aggressive Opportunities Fund. According to the information provided, the effective fee rate to be paid by the Aggressive Opportunities Fund to Wellington at the proposed initial asset allocation level for Wellington would be below the median fee charged by such managers.
The Directors also considered information from VIA showing that there would be no increase in the overall subadvisory fees and, therefore, no increase in the total expense ratio of the Aggressive Opportunities Fund as a result of the changes in subadviser arrangements. Referring to data provided by VIA and compiled by Morningstar, the Directors also noted that the expected total investment advisory fee for the Aggressive Opportunities Fund, taking into account the proposed subadviser change and the increase in the allocation of the Fund’s assets to Legg Mason, was lower than the average and median investment advisory fee of a group of mutual funds in Morningstar’s mid-cap growth funds category. The Directors also considered information provided by VIA and compiled by Morningstar on the total expense ratios of a group of mutual funds in Morningstar’s mid-cap growth funds category, which showed that, if Wellington served as a subadviser to the Aggressive Opportunities Fund at the proposed subadvisory fee rate and initial asset allocation level, along with the Aggressive Opportunities Fund’s three other existing subadvisers at their current subadvisory fee rates and based on their current asset allocation levels with respect to TimesSquare and Southeastern, and the proposed asset allocation level with respect to Legg Mason, the 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 New Subadvisory Agreement by providing them with a basis for evaluating Wellington’s fee, including in light of the Aggressive Opportunities Fund’s expected overall investment advisory fee and total expense ratio, on a relative basis. Based on this information, the Directors concluded that Wellington’s subadvisory fee appeared to be within a reasonable range for the services to be provided.
The Directors also reviewed the information provided by Wellington regarding the estimated profits to be realized from its relationship with the Aggressive Opportunities Fund. In reviewing the extent to which economies of scale may be realized by Wellington as the assets of the Aggressive Opportunities Fund to be managed by it grow, and whether the proposed fee levels reflect these economies, the Directors considered that Wellington’s proposed fee schedule included breakpoints, which indicates that the proposed subadvisory fee rate is intended to capture certain anticipated economies of scale for the benefit of the Aggressive Opportunities Fund’s shareholders in connection with the services to be provided. The Directors concluded that the proposed fee schedule with respect to Wellington was appropriate at this time.
Other Considerations
The Directors considered VIA’s judgment that the addition of Wellington as a subadviser to the Aggressive Opportunities Fund would add value by complementing the investment approach of the Aggressive Opportunities Fund’s current subadvisers, Legg Mason, Southeastern and TimesSquare. In this regard, the Directors considered VIA’s belief that the addition of Wellington as a subadviser, along with VIA’s recommendation to terminate T. Rowe Price and to increase the amount of the Aggressive Opportunities Fund’s assets currently allocated to Legg Mason, should serve to enhance the Aggressive Opportunities Fund’s risk/return attributes.
The Directors considered the selection and due diligence process employed by VIA in deciding to recommend Wellington as a subadviser to the Aggressive Opportunities Fund and also considered VIA’s conclusion that the fee to
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Additional Information (Unaudited)—(Continued)
be paid to Wellington for its services to the Fund is reasonable and appropriate in light of the nature and quality of services to be provided by Wellington and the reasons supporting that conclusion. The Directors also considered information from VIA concerning its strategy to efficiently implement the subadviser transition. The Directors concluded that VIA’s recommendations and conclusions supported approval of the New Subadvisory Agreement.
The Directors also considered the potential “fall-out” or ancillary benefits that may accrue to Wellington due to its relationship with the Aggressive Opportunities Fund. The Directors considered that Wellington may direct the Aggressive Opportunities Fund’s brokerage transactions to certain brokers to obtain research and other services. However, the Directors noted that all subadvisers are required to select brokers who meet the Aggressive Opportunities Fund’s requirements for seeking best execution, and that VIA monitors and evaluates the subadvisers’ trade execution with respect to Aggressive Opportunities Fund brokerage transactions on a regular basis and provides reports to the Board in this regard. In addition, Wellington indicated that it may receive reputational benefits from its relationship with the Fund. The Directors concluded that the potential benefits that may accrue to Wellington by virtue of its relationship with the Aggressive Opportunities Fund appeared to be reasonable.
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 initial approval of the New Subadvisory Agreement was in the best interests of the Aggressive Opportunities Fund and its shareholders, and approved the New Subadvisory Agreement with, and the fee to be paid to, Wellington.
Vantagepoint International Fund
At the March Meeting, the Board, including a majority of the Independent Directors, approved an amended fee schedule to the existing Investment Subadvisory Agreement with Artisan for the International Fund. The fee schedule for the International Fund was amended to incorporate a breakpoint of 0.60% of the International Fund’s average daily net asset assets when the assets managed by Artisan are above $100 million, effective as of April 1, 2010. In approving the amended fee schedule with Artisan, the Board took into consideration that Artisan represented that the nature and quality of services Artisan provides to the International Fund would not be affected by the change in fee.
C. | | Directors and Officers Remuneration |
Aggregate compensation that was paid to the directors during the six months ended June 30, 2010 totaled $44,345. 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, 2010 totaled $108,642. 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, 2010 are available without charge, upon request by calling 800-669-7400, 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
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Additional Information (Unaudited)—(Continued)
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.
Wilshire®, the Wilshire IndexesSM , Wilshire 5000 Total Market IndexSM , and Wilshire 4500 Completion IndexSM are service marks of Wilshire Associates Incorporated (“Wilshire”) and have been licensed for use by The Vantagepoint Funds (the “Funds”), on behalf of the Broad Market Index Fund and the Mid/Small Company Index Fund, respectively. All content of the Wilshire IndexesSM and the aforementioned indexes is ©2010 Wilshire Associates Incorporated, all rights reserved. The Funds are not sponsored, endorsed, sold or promoted by Wilshire, and Wilshire makes to representations or warranties with respect to the Funds. Wilshire has no relationship with The Vantagepoint Funds, other than the licensing of the aforementioned indexes and its service marks for use in connection with these two Funds. Wilshire does not:
| • | | Sponsor, endorse, sell or promote the Funds. |
| • | | Recommend that any person invest in the Funds or any other securities. |
| • | | Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the Funds. |
| • | | Have any responsibility or liability for the administration, management or marketing of the Funds. |
| • | | Consider the needs of the Funds or their shareholders in determining, composing or calculating the above indexes or have any obligation to do so. |
Wilshire shall have no liability in connection with the Funds. Specifically, Wilshire makes no representation or warranty, express or implied, regarding:
| • | | The results to be obtained by the Funds, their shareholders or any other person in connection with the use of the above indexes and the data included in those indexes; |
| • | | The accuracy or completeness of these indexes and any related data; or |
| • | | The merchantability or the fitness for a particular purpose or use of these indexes and/or its related data. |
Wilshire shall not have any liability for any errors, omissions or interruptions in the above indexes or related data. Under no circumstances will Wilshire be liable for any lost profits or indirect, punitive, special or consequential damages or losses, even if Wilshire knows that they might occur. The licensing agreement between The Vantagepoint Funds, on behalf of the Broad Market Index Fund and the Mid/Small Company Index Fund, and Wilshire is solely for the Funds’ benefit and not for the benefit of Fund shareholders or any other third parties.
“Standard & Poor’s®”, “S&P®”, “S&P 500®”, “Standard & Poor’s 500®”, and “500” are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by The Vantagepoint Funds for the Vantagepoint 500 Stock Index Fund. The Fund is not sponsored, endorsed, sold or promoted by Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., and makes no representation regarding the advisability of investing in the Fund.
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SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint
Money Market Fund
|
|
|
|
|
| Shares
|
| Value
|
|
|---|
MUTUAL FUND—99.7% |
Short-Term Investments Trust Liquid Assets Portfolio
(Cost $356,605,414) | | | | | | | | | 356,605,414 | | | $ | 356,605,414 | |
TOTAL INVESTMENTS—99.7% | | | | | | | |
| (Cost $356,605,414) | | | | | | 356,605,414 | |
| Other assets less liabilities—0.3% | | | | | | 1,139,090 | |
NET ASSETS—100.0% | | | | | | | | | | | | $ | 357,744,504 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—58.1% |
Aerospace & Defense—0.5% |
| Boeing Co. (The) | | | |
| 1.875% | | | | 11/20/2012 | | | | $ | 1,280,000 | | | $ | 1,296,659 | |
| L-3 Communications Corp. | | | |
| 5.875% | | | | 01/15/2015 | | | | | 710,000 | | | | 704,675 | |
| | | | | | | | | | | | | | 2,001,334 | |
Beverages—1.5% |
| Anheuser-Busch InBev Worldwide, Inc. | | | |
| 2.500% | | | | 03/26/2013 | | ˆ | | | 4,585,000 | | | | 4,642,400 | |
| Bottling Group LLC | | | |
| 6.950% | | | | 03/15/2014 | | | | | 975,000 | | | | 1,151,641 | |
| Dr. Pepper Snapple Group, Inc. | | | |
| 1.700% | | | | 12/21/2011 | | | | | 1,060,000 | | | | 1,066,279 | |
| | | | | | | | | | | | | | 6,860,320 | |
Capital Markets—0.5% |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | | | | 01/20/2012 | | ˆ | | | 1,230,000 | | | | 1,257,200 | |
| TD Ameritrade Holding Corp. | | | |
| 4.150% | | | | 12/01/2014 | | | | | 1,140,000 | | | | 1,184,253 | |
| | | | | | | | | | | | | | 2,441,453 | |
Chemicals—1.7% |
| Airgas, Inc. | | | |
| 2.850% | | | | 10/01/2013 | | | | | 460,000 | | | | 464,215 | |
| Dow Chemical Co. (The) | | | |
| 7.600% | | | | 05/15/2014 | | | | | 4,385,000 | | | | 5,068,376 | |
| 4.850% | | | | 08/15/2012 | | | | | 1,300,000 | | | | 1,372,002 | |
| Praxair, Inc. | | | |
| 1.750% | | | | 11/15/2012 | | | | | 570,000 | | | | 577,866 | |
| | | | | | | | | | | | | | 7,482,459 | |
Commercial Banks—12.6% |
| Banco do Brasil SA (Brazil) | | | |
| 4.500% | | | | 01/22/2015 | | ˆ | | | 1,180,000 | | | | 1,197,700 | |
| Bank of Nova Scotia (Canada) | | | |
| 2.250% | | | | 01/22/2013 | | | | | 950,000 | | | | 963,833 | |
| Barclays Bank plc (United Kingdom) | | | |
| 3.900% | | | | 04/07/2015 | | | | | 5,330,000 | | | | 5,388,230 | |
| 2.700% | | | | 03/05/2012 | | ˆ | | | 1,000,000 | | | | 1,025,536 | |
| BB&T Corp. MTN | | | |
| 3.850% | | | | 07/27/2012 | | | | | 4,818,000 | | | | 5,025,164 | |
| BB&T Corp., Series A MTN | | | |
| 3.375% | | | | 09/25/2013 | | | | | 700,000 | | | | 722,495 | |
| Capital One Financial Corp. | | | |
| 7.375% | | | | 05/23/2014 | | | | | 4,130,000 | | | | 4,726,513 | |
| Commonwealth Bank of Australia (Australia) | | | |
| 2.400% | | | | 01/12/2012 | | ˆ | | | 1,404,000 | | | | 1,431,462 | |
| ING Bank NV (Netherlands) | | | |
| 2.625% | | | | 02/09/2012 | | ˆ | | | 1,700,000 | | | | 1,734,100 | |
| M&T Bank Corp. | | | |
| 5.375% | | | | 05/24/2012 | | | | | 5,000,000 | | | | 5,320,700 | |
| National Australia Bank Ltd. (Australia) | | | |
| 2.550% | | | | 01/13/2012 | | ˆ | | | 1,665,000 | | | | 1,697,576 | |
| Regions Financial Corp. | | | |
| 7.750% | | | | 11/10/2014 | | | | | 3,000,000 | | | | 3,167,721 | |
| Royal Bank of Scotland plc (The) (United Kingdom) |
| 4.875% | | | | 03/16/2015 | | | | | 4,200,000 | | | | 4,183,175 | |
| Santander US Debt SA Unipersonal (Spain) | | | |
| 2.485% | | | | 01/18/2013 | | ˆ | | | 5,200,000 | | | | 5,040,828 | |
| Standard Chartered plc (United Kingdom) | | | |
| 3.850% | | | | 04/27/2015 | | ˆ | | | 4,890,000 | | | | 4,939,027 | |
| Swedbank AB (Sweden) | | | |
| 2.800% | | | | 02/10/2012 | | ˆ | | | 900,000 | | | | 923,448 | |
| Toronto-Dominion Bank (The) MTN (Canada) | | | |
| 1.513% | | | | 09/10/2010 | | # | | | EUR 750,000 | | | | 918,227 | |
| US Bancorp | | | |
| 4.200% | | | | 05/15/2014 | | | | | 1,300,000 | | | | 1,391,839 | |
| Wachovia Corp., Series G MTN | | | |
| 5.500% | | | | 05/01/2013 | | | | | 1,500,000 | | | | 1,629,078 | |
| Wells Fargo & Co. | | | |
| 5.300% | | | | 08/26/2011 | | | | | 1,240,000 | | | | 1,288,294 | |
| Wells Fargo & Co., Series I MTN | | | |
| 3.750% | | | | 10/01/2014 | | | | | 660,000 | | | | 676,387 | |
| Westpac Banking Corp. (Australia) | | | |
| 2.250% | | | | 11/19/2012 | | | | | 1,600,000 | | | | 1,614,531 | |
| 0.845% | | | | 04/08/2013 | | #ˆ | | | 1,000,000 | | | | 992,682 | |
| | | | | | | | | | | | | | 55,998,546 | |
Commercial Services & Supplies—0.2% |
| Corrections Corp. of America | | | |
| 6.250% | | | | 03/15/2013 | | | | | 695,000 | | | | 703,687 | |
Communications Equipment—0.3% |
| Cisco Systems, Inc. | | | |
| 5.250% | | | | 02/22/2011 | | | | | 1,250,000 | | | | 1,284,189 | |
Computers & Peripherals—0.9% |
| Hewlett-Packard Co. | | | |
| 4.250% | | | | 02/24/2012 | | | | | 730,000 | | | | 769,580 | |
| 2.250% | | | | 05/27/2011 | | | | | 1,000,000 | | | | 1,014,054 | |
| International Business Machines Corp. | | | |
| 2.100% | | | | 05/06/2013 | | | | | 2,170,000 | | | | 2,212,881 | |
| | | | | | | | | | | | | | 3,996,515 | |
Consumer Finance—2.8% |
| American Express Credit Corp. | | | |
| 5.125% | | | | 08/25/2014 | | | | | 1,000,000 | | | | 1,076,877 | |
| American Express Credit Corp., Series C | | | |
| 7.300% | | | | 08/20/2013 | | | | | 2,177,000 | | | | 2,466,554 | |
| American Honda Finance Corp. | | | |
| 2.375% | | | | 03/18/2013 | | ˆ | | | 470,000 | | | | 476,847 | |
| Caterpillar Financial Services Corp. MTN | | | |
| 5.750% | | | | 02/15/2012 | | | | | 900,000 | | | | 967,656 | |
| Ford Motor Credit Co. LLC | | | |
| 7.000% | | | | 10/01/2013 | | | | | 560,000 | | | | 571,420 | |
| HSBC Finance Corp. | | | |
| 0.968% | | | | 06/01/2016 | | # | | | 3,820,000 | | | | 3,456,157 | |
| John Deere Capital Corp. MTN | | | |
| 2.950% | | | | 03/09/2015 | | | | | 1,210,000 | | | | 1,243,760 | |
| John Deere Capital Corp., Series D MTN | | | |
| 1.004% | | | | 01/18/2011 | | # | | | 1,170,000 | | | | 1,174,997 | |
| PACCAR Financial Corp. MTN | | | |
| 0.798% | | | | 04/05/2013 | | # | | | 840,000 | | | | 839,541 | |
| | | | | | | | | | | | | | 12,273,809 | |
Diversified Consumer Services—0.1% |
| Yale University, Series B MTN | | | |
| 2.900% | | | | 10/15/2014 | | | | | 570,000 | | | | 591,860 | |
Diversified Financial Services—9.4% |
| American Express Travel Related Services Co., Inc. | | | |
| 5.250% | | | | 11/21/2011 | | ˆ | | | 3,691,000 | | | | 3,836,315 | |
| Bank of America Corp. | | | |
| 4.875% | | | | 09/15/2012 | | | | | 3,910,000 | | | | 4,071,686 | |
| 4.875% | | | | 01/15/2013 | | | | | 1,500,000 | | | | 1,568,499 | |
See accompanying notes to financial statements.
113
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Citigroup, Inc. | | | |
| 6.375% | | | | 08/12/2014 | | | | $ | 1,000,000 | | | $ | 1,063,110 | |
| 2.136% | | | | 05/15/2018 | | # | | | 7,186,000 | | | | 6,745,814 | |
| Equifax, Inc. | | | |
| 4.450% | | | | 12/01/2014 | | | | | 240,000 | | | | 250,330 | |
| General Electric Capital Corp. | | | |
| 5.900% | | | | 05/13/2014 | | | | | 680,000 | | | | 751,247 | |
| General Electric Capital Corp. MTN | | | |
| 1.153% | | | | 01/15/2013 | | # | | | 1,000,000 | | | | 989,565 | |
| General Electric Capital Corp., Series A MTN | | | |
| 0.797% | | | | 09/15/2014 | | # | | | 6,500,000 | | | | 6,139,588 | |
| General Electric Capital Corp., Series A | | | |
| 3.750% | | | | 11/14/2014 | | | | | 1,130,000 | | | | 1,157,127 | |
| Hutchison Whampoa International 03/33 Ltd. (Cayman Islands) | | | |
| 5.450% | | | | 11/24/2010 | | ˆ | | | 1,500,000 | | | | 1,523,322 | |
| Irish Life & Permanent Group Holdings plc (Ireland) | | | |
| 3.600% | | | | 01/14/2013 | | ˆ | | | 6,700,000 | | | | 6,642,119 | |
| JPMorgan Chase & Co. | | | |
| 4.750% | | | | 05/01/2013 | | | | | 5,650,000 | | | | 6,031,448 | |
| NASDAQ OMX Group, Inc. (The) | | | |
| 4.000% | | | | 01/15/2015 | | | | | 1,040,000 | | | | 1,058,525 | |
| | | | | | | | | | | | | | 41,828,695 | |
Diversified Telecommunication Services—3.0% |
| AT&T, Inc. | | | |
| 4.850% | | | | 02/15/2014 | | † | | | 600,000 | | | | 657,694 | |
| Cellco Partnership/Verizon Wireless Capital LLC |
| 5.550% | | | | 02/01/2014 | | | | | 400,000 | | | | 448,825 | |
| 3.750% | | | | 05/20/2011 | | | | | 2,250,000 | | | | 2,305,013 | |
| Deutsche Telekom International Finance BV (Netherlands) | | | |
| 5.375% | | | | 03/23/2011 | | | | | 1,250,000 | | | | 1,286,189 | |
| Frontier Communications Corp. | | | |
| 6.250% | | | | 01/15/2013 | | | | | 700,000 | | | | 705,250 | |
| Telecom Italia Capital SA (Luxembourg) | | | |
| 5.250% | | | | 10/01/2015 | | | | | 1,986,000 | | | | 2,006,644 | |
| Telefonica Emisiones SAU (Spain) | | | |
| 4.949% | | | | 01/15/2015 | | | | | 4,000,000 | | | | 4,194,468 | |
| 2.582% | | | | 04/26/2013 | | | | | 1,090,000 | | | | 1,083,230 | |
| Windstream Corp. | | | |
| 8.125% | | | | 08/01/2013 | | | | | 655,000 | | | | 680,381 | |
| | | | | | | | | | | | | | 13,367,694 | |
Electric Utilities—2.3% |
| Commonwealth Edison Co., Series 105 | | | |
| 5.400% | | | | 12/15/2011 | | | | | 1,400,000 | | | | 1,481,788 | |
| Consumers Energy Co., Series D | | | |
| 5.375% | | | | 04/15/2013 | | | | | 850,000 | | | | 926,243 | |
| Duke Energy Carolinas LLC | | | |
| 6.250% | | | | 01/15/2012 | | | | | 1,165,000 | | | | 1,255,555 | |
| Enel Finance International SA (Luxembourg) | | | |
| 3.875% | | | | 10/07/2014 | | ˆ | | | 3,684,000 | | | | 3,717,664 | |
| FPL Group Capital, Inc. | | | |
| 5.625% | | | | 09/01/2011 | | | | | 910,000 | | | | 951,693 | |
| Midamerican Energy Holdings Co. | | | |
| 3.150% | | | | 07/15/2012 | | | | | 1,000,000 | | | | 1,025,798 | |
| Pacific Gas & Electric Co. | | | |
| 4.200% | | | | 03/01/2011 | | | | | 1,000,000 | | | | 1,020,639 | |
| | | | | | | | | | | | | | 10,379,380 | |
Electronic Equipment, Instruments & Components—0.1% |
| Thermo Fisher Scientific, Inc. | | | |
| 2.150% | | | | 12/28/2012 | | | | | 640,000 | | | | 647,799 | |
Food & Staples Retailing—0.2% |
| Safeway, Inc. | | | |
| 5.800% | | | | 08/15/2012 | | | | | 1,000,000 | | | | 1,086,908 | |
Food Products—3.3% |
| Campbell Soup Co. | | | |
| 6.750% | | | | 02/15/2011 | | | | | 800,000 | | | | 830,257 | |
| General Mills, Inc. | | | |
| 6.000% | | | | 02/15/2012 | | | | | 1,500,000 | | | | 1,616,805 | |
| Kellogg Co. | | | |
| 5.125% | | | | 12/03/2012 | | | | | 1,000,000 | | | | 1,086,852 | |
| Kraft Foods, Inc. | | | |
| 6.750% | | | | 02/19/2014 | | | | | 6,099,000 | | | | 7,017,442 | |
| 5.250% | | | | 10/01/2013 | | | | | 340,000 | | | | 372,569 | |
| 2.625% | | | | 05/08/2013 | | | | | 340,000 | | | | 346,681 | |
| Unilever Capital Corp. | | | |
| 7.125% | | | | 11/01/2010 | | | | | 1,175,000 | | | | 1,199,969 | |
| Wm. Wrigley Jr. Co. | | | |
| 3.700% | | | | 06/30/2014 | | ˆ | | | 2,190,000 | | | | 2,217,119 | |
| | | | | | | | | | | | | | 14,687,694 | |
Health Care Equipment & Supplies—0.4% |
| Covidien International Finance SA (Luxembourg) | | | |
| 1.875% | | | | 06/15/2013 | | | | | 880,000 | | | | 886,089 | |
| Stryker Corp. | | | |
| 3.000% | | | | 01/15/2015 | | | | | 680,000 | | | | 702,861 | |
| | | | | | | | | | | | | | 1,588,950 | |
Health Care Providers & Services—1.8% |
| Express Scripts, Inc. | | | |
| 5.250% | | | | 06/15/2012 | | | | | 1,100,000 | | | | 1,175,706 | |
| UnitedHealth Group, Inc. | | | |
| 4.875% | | | | 02/15/2013 | | | | | 3,000,000 | | | | 3,225,594 | |
| WellPoint, Inc. | | | |
| 6.800% | | | | 08/01/2012 | | | | | 3,290,000 | | | | 3,612,108 | |
| | | | | | | | | | | | | | 8,013,408 | |
Hotels, Restaurants & Leisure—0.2% |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. |
| 6.625% | | | | 12/01/2014 | | | | | 740,000 | | | | 745,550 | |
Household Durables—0.4% |
| DR Horton, Inc. | | | |
| 5.375% | | | | 06/15/2012 | | | | | 710,000 | | | | 724,200 | |
| Fortune Brands, Inc. | | | |
| 3.000% | | | | 06/01/2012 | | | | | 1,170,000 | | | | 1,184,641 | |
| | | | | | | | | | | | | | 1,908,841 | |
Industrial Conglomerates—0.2% |
| 3M Co., Series E MTN | | | |
| 4.500% | | | | 11/01/2011 | | | | | 1,000,000 | | | | 1,048,040 | |
Insurance—2.4% |
| Allstate Corp. (The) | | | |
| 6.200% | | | | 05/16/2014 | | | | | 800,000 | | | | 908,270 | |
| Berkshire Hathaway Finance Corp. | �� | | |
| 4.000% | | | | 04/15/2012 | | | | | 700,000 | | | | 736,620 | |
| Berkshire Hathaway, Inc. | | | |
| 0.858% | | | | 02/11/2013 | | # | | | 1,500,000 | | | | 1,503,814 | |
| Hartford Financial Services Group, Inc. | | | |
| 4.000% | | | | 03/30/2015 | | | | | 510,000 | | | | 501,243 | |
See accompanying notes to financial statements.
114
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Metropolitan Life Global Funding I |
| 0.698% | | | | 07/13/2011 | | #ˆ | | $ | 2,100,000 | | | $ | 2,098,375 | |
| New York Life Global Funding | | | |
| 0.662% | | | | 06/16/2011 | | #ˆ | | | 1,000,000 | | | | 1,000,349 | |
| Prudential Financial, Inc. | | | |
| 6.200% | | | | 01/15/2015 | | | | | 1,423,000 | | | | 1,567,611 | |
| Prudential Financial, Inc., Series D MTN | | | |
| 5.150% | | | | 01/15/2013 | | | | | 1,000,000 | | | | 1,058,958 | |
| 3.625% | | | | 09/17/2012 | | | | | 1,100,000 | | | | 1,133,568 | |
| | | | | | | | | | | | | | 10,508,808 | |
Life Sciences Tools & Services—0.5% |
| Howard Hughes Medical Institute | | | |
| 3.450% | | | | 09/01/2014 | | | | | 1,100,000 | | | | 1,166,172 | |
| Roche Holdings, Inc. | | | |
| 4.500% | | | | 03/01/2012 | | ˆ | | | 853,000 | | | | 898,591 | |
| | | | | | | | | | | | | | 2,064,763 | |
Machinery—1.4% |
| Ingersoll-Rand Global Holding Co. Ltd. (Bermuda) | | | |
| 1.923% | | | | 08/13/2010 | | # | | | 845,000 | | | | 846,294 | |
| SPX Corp. | | | |
| 7.625% | | | | 12/15/2014 | | | | | 685,000 | | | | 707,262 | |
| Tyco International Finance SA (Luxembourg) | | | |
| 6.000% | | | | 11/15/2013 | | | | | 4,000,000 | | | | 4,480,652 | |
| | | | | | | | | | | | | | 6,034,208 | |
Media—2.5% |
| Comcast Corp. | | | |
| 5.450% | | | | 11/15/2010 | | | | | 2,250,000 | | | | 2,287,366 | |
| COX Communications, Inc. | | | |
| 7.750% | | | | 11/01/2010 | | | | | 1,000,000 | | | | 1,020,395 | |
| COX Enterprises, Inc. | | | |
| 7.875% | | | | 09/15/2010 | | ˆ | | | 820,000 | | | | 830,180 | |
| DirecTV Holdings LLC/DirecTV Financing Co., Inc. | | |
| 4.750% | | | | 10/01/2014 | | | | | 1,060,000 | | | | 1,123,695 | |
| DISH DBS Corp. | | | |
| 6.375% | | | | 10/01/2011 | | | | | 680,000 | | | | 703,800 | |
| NBC Universal, Inc. | | | |
| 3.650% | | | | 04/30/2015 | | ˆ | | | 850,000 | | | | 870,166 | |
| Time Warner Cable, Inc. | | | |
| 6.200% | | | | 07/01/2013 | | | | | 3,000,000 | | | | 3,357,630 | |
| Viacom, Inc. | | | |
| 4.375% | | | | 09/15/2014 | | | | | 700,000 | | | | 744,720 | |
| | | | | | | | | | | | | | 10,937,952 | |
Metals & Mining—2.8% |
| Alcoa, Inc. | | | |
| 6.000% | | | | 07/15/2013 | | | | | 5,525,000 | | | | 5,822,864 | |
| Rio Tinto Finance USA Ltd. (Australia) | | | |
| 5.875% | | | | 07/15/2013 | | | | | 5,474,000 | | | | 6,001,781 | |
| Steel Dynamics, Inc. | | | |
| 7.375% | | | | 11/01/2012 | | | | | 685,000 | | | | 712,400 | |
| | | | | | | | | | | | | | 12,537,045 | |
Oil, Gas & Consumable Fuels—1.6% |
| Chevron Corp. | | | |
| 3.450% | | | | 03/03/2012 | | | | | 900,000 | | | | 938,381 | |
| ConocoPhillips | | | |
| 4.750% | | | | 02/01/2014 | | | | | 600,000 | | | | 660,403 | |
| 4.600% | | | | 01/15/2015 | | | | | 455,000 | | | | 497,575 | |
| Kinder Morgan, Inc. |
| 6.500% | | | | 09/01/2012 | | | | | 515,000 | | | | 534,313 | |
| Rockies Express Pipeline LLC | | | |
| 3.900% | | | | 04/15/2015 | | ˆ | | | 680,000 | | | | 657,902 | |
| Shell International Finance BV (Netherlands) | | | |
| 5.625% | | | | 06/27/2011 | | | | | 900,000 | | | | 943,418 | |
| 1.875% | | | | 03/25/2013 | | | | | 620,000 | | | | 625,621 | |
| TransCanada PipeLines Ltd. (Canada) | | | |
| 3.400% | | | | 06/01/2015 | | | | | 550,000 | | | | 571,151 | |
| Valero Energy Corp. | | | |
| 6.875% | | | | 04/15/2012 | | | | | 550,000 | | | | 592,393 | |
| XTO Energy, Inc. | | | |
| 7.500% | | | | 04/15/2012 | | | | | 990,000 | | | | 1,102,778 | |
| | | | | | | | | | | | | | 7,123,935 | |
Pharmaceuticals—1.3% |
| Abbott Laboratories | | | |
| 5.600% | | | | 05/15/2011 | | | | | 1,150,000 | | | | 1,197,938 | |
| Merck & Co., Inc. | | | |
| 1.875% | | | | 06/30/2011 | | | | | 1,000,000 | | | | 1,009,681 | |
| Novartis Capital Corp. | | | |
| 4.125% | | | | 02/10/2014 | | | | | 310,000 | | | | 334,749 | |
| 1.900% | | | | 04/24/2013 | | | | | 860,000 | | | | 873,590 | |
| Pfizer, Inc. | | | |
| 3.625% | | | | 06/03/2013 | | | | | EUR 200,000 | | | | 256,907 | |
| Teva Pharmaceutical Finance III LLC | | | |
| 1.500% | | | | 06/15/2012 | | | | | 1,230,000 | | | | 1,235,264 | |
| Wyeth | | | |
| 6.950% | | | | 03/15/2011 | | | | | 1,000,000 | | | | 1,041,973 | |
| | | | | | | | | | | | | | 5,950,102 | |
Real Estate Investment Trusts (REITs)—0.3% |
| Simon Property Group LP | | | |
| 4.200% | | | | 02/01/2015 | | | | | 210,000 | | | | 216,019 | |
| Vornado Realty LP | | | |
| 4.250% | | | | 04/01/2015 | | | | | 1,080,000 | | | | 1,074,782 | |
| | | | | | | | | | | | | | 1,290,801 | |
Road & Rail—0.2% |
| Union Pacific Corp. | | | |
| 6.650% | | | | 01/15/2011 | | | | | 200,000 | | | | 205,587 | |
| 6.125% | | | | 01/15/2012 | | | | | 545,000 | | | | 585,527 | |
| | | | | | | | | | | | | | 791,114 | |
Software—0.5% |
| Microsoft Corp. | | | |
| 2.950% | | | | 06/01/2014 | | | | | 1,400,000 | | | | 1,466,269 | |
| Oracle Corp. | | | |
| 5.000% | | | | 01/15/2011 | | | | | 750,000 | | | | 765,817 | |
| | | | | | | | | | | | | | 2,232,086 | |
Specialty Retail—0.1% |
| GameStop Corp./GameStop, Inc. | | | |
| 8.000% | | | | 10/01/2012 | | | | | 325,000 | | | | 335,562 | |
Tobacco—1.9% |
| Altria Group, Inc. | | | |
| 8.500% | | | | 11/10/2013 | | | | | 5,319,000 | | | | 6,213,725 | |
| Philip Morris International, Inc. | | | |
| 6.875% | | | | 03/17/2014 | | | | | 2,120,000 | | | | 2,454,788 | |
| | | | | | | | | | | | | | 8,668,513 | |
Wireless Telecommunication Services—0.2% |
| America Movil SAB de CV (Mexico) | | | |
| 3.625% | | | | 03/30/2015 | | ˆ | | | 300,000 | | | | 309,106 | |
See accompanying notes to financial statements.
115
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Sprint Capital Corp. |
| 8.375% | | | | 03/15/2012 | | | | $ | 680,000 | | | $ | 716,550 | |
| | | | | | | | | | | | | | 1,025,656 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $251,016,328) | | | | | | | | 258,437,676 | |
| |
| U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—1.4% |
U.S. Government Agency Mortgage-Backed Securities—1.4% |
| Federal Home Loan Mortgage Corp. |
| 6.000% | | | | 11/01/2022 | | | | | 941,088 | | | | 1,025,602 | |
| Federal National Mortgage Association |
| 3.185% | | | | 09/01/2034 | | # | | | 252,666 | | �� | | 258,053 | |
| 3.152% | | | | 09/01/2034 | | # | | | 304,660 | | | | 311,279 | |
| 3.010% | | | | 10/01/2034 | | # | | | 2,529,160 | | | | 2,606,036 | |
| 2.786% | | | | 10/01/2034 | | # | | | 436,613 | | | | 447,724 | |
| Government National Mortgage Association |
| 4.500% | | | | 08/20/2035 | | | | | 1,741,349 | | | | 1,808,557 | |
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES |
| (Cost $6,303,233) | | | | | | | | 6,457,251 | |
| |
U.S. TREASURY OBLIGATIONS—6.7% |
U.S. Treasury Bills—3.0% |
| U.S. Treasury Bill |
| 0.422% | | | | 04/07/2011 | | † | | | 5,740,000 | | | | 5,730,087 | |
| 0.316% | | | | 10/21/2010 | | ‡‡ | | | 1,000,000 | | | | 999,533 | |
| 0.201% | | | | 09/23/2010 | | | | | 6,400,000 | | | | 6,397,760 | |
| | | | | | | | | | | | | | 13,127,380 | |
U.S. Treasury Notes—3.7% |
| U.S. Treasury Note |
| 2.500% | | | | 04/30/2015 | | | | | 2,048,000 | | | | 2,121,120 | |
| 1.750% | | | | 04/15/2013 | | | | | 1,600,000 | | | | 1,636,618 | |
| 1.375% | | | | 05/15/2013 | | | | | 4,100,000 | | | | 4,150,618 | |
| 1.125% | | | | 06/15/2013 | | | | | 2,000,000 | | | | 2,008,272 | |
| 1.000% | | | | 04/30/2012 | | | | | 4,060,000 | | | | 4,091,083 | |
| 0.625% | | | | 06/30/2012 | | | | | 2,500,000 | | | | 2,500,590 | |
| | | | | | | | | | | | | | 16,508,301 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $29,510,310) | | | | | | | | 29,635,681 | |
| |
GOVERNMENT RELATED OBLIGATIONS—12.8% |
U.S. Government Agencies—5.4% |
| FDIC Structured Sale Guaranteed Notes |
| 3.250% | | | | 04/25/2038 | | ˆ | | | 1,886,874 | | | | 1,918,129 | |
| Federal Farm Credit Bank |
| 1.875% | | | | 12/07/2012 | | | | | 1,200,000 | | | | 1,226,532 | |
| Federal Farm Credit Bank |
| 1.375% | | | | 06/25/2013 | | | | | 3,330,000 | | | | 3,351,106 | |
| Federal Home Loan Bank |
| 1.625% | | | | 01/21/2011 | | | | | 3,100,000 | | | | 3,123,154 | |
| Federal Home Loan Mortgage Corp. |
| 1.125% | | | | 07/27/2012 | | † | | | 6,500,000 | | | | 6,549,302 | |
| Federal National Mortgage Association |
| 1.375% | | | | 04/28/2011 | | | | | 4,000,000 | | | | 4,032,632 | |
| 0.000% | | | | 04/26/2011 | | | | | 4,000,000 | | | | 3,988,372 | |
| | | | | | | | | | | | | | 24,189,227 | |
U.S. Government Agencies—U.S. Government Guaranteed Bank Debt—1.0% |
| General Electric Capital Corp., Series G MTN |
| 1.800% | | | | 03/11/2011 | | | | | 3,300,000 | | | | 3,332,512 | |
| Western Corporate Federal Credit Union |
| 1.750% | | | | 11/02/2012 | | | | | 980,000 | | | | 996,897 | |
| | | | | | | | | | | | | | 4,329,409 | |
Non-U.S. Government Agencies—1.2% |
| Export Development Canada (Canada) |
| 3.750% | | | | 07/15/2011 | | | | | 1,365,000 | | | | 1,406,121 | |
| 2.250% | | | | 05/28/2015 | | | | | 520,000 | | | | 526,514 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 3.750% | | | | 06/27/2011 | | | | | 1,150,000 | | | | 1,183,188 | |
| Societe Financement de l’Economie Francaise (France) |
| 2.125% | | | | 01/30/2012 | | ˆ | | | 2,300,000 | | | | 2,335,215 | |
| | | | | | | | | | | | | | 5,451,038 | |
Sovereign Debt—1.8% |
| Brazilian Government International Bond (Brazil) |
| 10.250% | | | | 06/17/2013 | | | | | 400,000 | | | | 489,000 | |
| Colombia Government International Bond (Colombia) |
| 10.000% | | | | 01/23/2012 | | | | | 500,000 | | | | 562,000 | |
| Indonesia Government International Bond, Reg S (Indonesia) |
| 10.375% | | | | 05/04/2014 | | | | | 900,000 | | | | 1,111,500 | |
| Malaysia Government International Bond (Malaysia) |
| 7.500% | | | | 07/15/2011 | | | | | 980,000 | | | | 1,039,363 | |
| Mexico Government International Bond, Series A MTN (Mexico) |
| 6.375% | | | | 01/16/2013 | | | | | 1,160,000 | | | | 1,277,740 | |
| Panama Government International Bond (Panama) |
| 9.375% | | | | 07/23/2012 | | | | | 500,000 | | | | 580,000 | |
| Qatar Government International Bond (Qatar) |
| 4.000% | | | | 01/20/2015 | | ˆ | | | 500,000 | | | | 516,250 | |
| Republic of Chile (Chile) |
| 5.500% | | | | 01/15/2013 | | | | | 1,000,000 | | | | 1,096,600 | |
| Republic of South Africa (South Africa) |
| 7.375% | | | | 04/25/2012 | | | | | 1,000,000 | | | | 1,095,600 | |
| | | | | | | | | | | | | | 7,768,053 | |
Supranational—0.7% |
| European Investment Bank MTN | | | |
| 4.750% | | | | 04/15/2011 | | | | | EUR 2,300,000 | | | | 2,901,471 | |
U.S. Municipal Bonds—1.1% |
| California General Obligation Bonds, Series 2009 (California) | | | |
| 5.450% | | | | 04/01/2015 | | | | | 3,635,000 | | | | 3,816,895 | |
| 5.250% | | | | 04/01/2014 | | | | | 1,200,000 | | | | 1,257,024 | |
| | | | | | | | | | | | | | 5,073,919 | |
Non-U.S. Regional Authority Bonds—1.6% |
| Caisse d’Amortissement de la Dette Sociale MTN (France) | | | |
| 4.250% | | | | 11/08/2010 | | | | | 1,200,000 | | | | 1,214,420 | |
| Nederlandse Waterschapsbank NV MTN (Netherlands) | | | |
| 4.625% | | | | 07/25/2011 | | | | | EUR 1,500,000 | | | | 1,904,797 | |
| Province of Ontario (Canada) | | | |
| 3.125% | | | | 09/08/2010 | | | | | 1,200,000 | | | | 1,205,837 | |
| 2.750% | | | | 02/22/2011 | | | | | 1,225,000 | | | | 1,240,325 | |
|
See accompanying notes to financial statements.
116
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
GOVERNMENT RELATED OBLIGATIONS—(Continued) |
| Province of Quebec, Series PJ (Canada) |
| 6.125% | | | | 01/22/2011 | | | | $ | 1,700,000 | | | $ | 1,750,942 | |
| | | | | | | | | | | | | | 7,316,321 | |
TOTAL GOVERNMENT RELATED OBLIGATIONS |
| (Cost $57,174,995) | | | | | | | | 57,029,438 | |
| |
ASSET BACKED SECURITIES—16.3% |
Automobile—7.0% |
| Bank of America Auto Trust |
| Series 2008-1A, Class A4 |
| 5.730% | | | | 01/20/2013 | | ˆ | | | 2,630,000 | | | | 2,791,504 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A2 |
| 2.040% | | | | 04/15/2011 | | | | | 933,684 | | | | 934,981 | |
| Capital Auto Receivables Asset Trust |
| Series 2008-1, Class A4B |
| 1.700% | | | | 07/15/2014 | | # | | | 3,380,000 | | | | 3,427,372 | |
| Capital Auto Receivables Asset Trust |
| Series 2007-1, Class A4B |
| 0.390% | | | | 04/16/2012 | | # | | | 894,502 | | | | 893,595 | |
| Capital Auto Receivables Asset Trust |
| Series 2007-4A, Class A4 |
| 5.300% | | | | 05/15/2014 | | | | | 1,000,000 | | | | 1,045,612 | |
| Capital Auto Receivables Asset Trust |
| Series 2008-2, Class A3A |
| 4.680% | | | | 10/15/2012 | | | | | 1,449,846 | | | | 1,483,899 | |
| CarMax Auto Owner Trust |
| Series 2007-1, Class B |
| 5.340% | | | | 10/15/2012 | | | | | 3,000,000 | | | | 3,058,176 | |
| Chase Manhattan Auto Owner Trust |
| Series 2006-B, Class A4 |
| 5.110% | | | | 04/15/2014 | | | | | 1,284,240 | | | | 1,297,400 | |
| Daimler Chrysler Auto Trust |
| Series 2008-B, Class A4A |
| 5.320% | | | | 11/10/2014 | | | | | 2,000,000 | | | | 2,100,026 | |
| Daimler Chrysler Auto Trust |
| Series 2008-A, Class A3A |
| 3.700% | | | | 06/08/2012 | | | | | 742,918 | | | | 750,533 | |
| Daimler Chrysler Auto Trust |
| Series 2006-C, Class A4 |
| 4.980% | | | | 11/08/2011 | | | | | 979,644 | | | | 980,543 | |
| Ford Credit Auto Owner Trust |
| Series 2009-D, Class A2 |
| 1.210% | | | | 01/15/2012 | | | | | 790,321 | | | | 791,274 | |
| Ford Credit Auto Owner Trust |
| Series 2007-B, Class A4A |
| 5.240% | | | | 07/15/2012 | | | | | 5,400,000 | | | | 5,618,366 | |
| Harley-Davidson Motorcycle Trust |
| Series 2007-2, Class A4 |
| 5.120% | | | | 08/15/2013 | | | | | 2,659,231 | | | | 2,743,846 | |
| Honda Auto Receivables Owner Trust |
| Series 2009-2, Class A2 |
| 2.220% | | | | 08/15/2011 | | | | | 565,489 | | | | 566,962 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.010% | | | | 04/15/2011 | | | | | 679,082 | | | | 680,176 | |
| Nissan Auto Lease Trust |
| Series 2009-B, Class A2 |
| 1.220% | | | | 09/15/2011 | | | | | 1,012,243 | | | | 1,012,769 | |
| USAA Auto Owner Trust |
| Series 2008-2, Class A3 |
| 4.640% | | | | 10/15/2012 | | | | | 601,602 | | | | 613,788 | |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.870% | | | | 07/15/2011 | | | | | 334,800 | | | | 336,234 | |
| | | | | | | | | | | | | | 31,127,056 | |
Credit Card—9.3% |
| American Express Credit Account Master Trust |
| Series 2005-4, Class A |
| 0.420% | | | | 01/15/2015 | | # | | | 1,268,000 | | | | 1,262,523 | |
| American Express Credit Account Master Trust |
| Series 2008-5, Class A |
| 1.150% | | | | 03/15/2016 | | # | | | 4,550,000 | | | | 4,616,794 | |
| BA Credit Card Trust |
| Series 2006-A15, Class A15 |
| 0.350% | | | | 04/15/2014 | | # | | | 4,200,000 | | | | 4,183,630 | |
| Capital One Multi-Asset Execution Trust |
| Series 2005-A10, Class A |
| 0.430% | | | | 09/15/2015 | | # | | | 1,000,000 | | | | 992,828 | |
| Capital One Multi-Asset Execution Trust |
| Series 2007-A2, Class A2 |
| 0.430% | | | | 12/16/2019 | | # | | | 2,950,000 | | | | 2,860,045 | |
| Capital One Multi-Asset Execution Trust |
| Series 2008-A5, Class A5 |
| 4.850% | | | | 02/18/2014 | | | | | 1,150,000 | | | | 1,185,826 | |
| Chase Issuance Trust |
| Series 2007-A9, Class A9 |
| 0.380% | | | | 06/16/2014 | | # | | | 1,250,000 | | | | 1,244,598 | |
| Citibank Credit Card Issuance Trust |
| Series 2009-A5, Class A5 |
| 2.250% | | | | 12/23/2014 | | | | | 4,230,000 | | | | 4,308,054 | |
| Citibank Credit Card Issuance Trust |
| Series 2008-A2, Class A2 |
| 1.497% | | | | 01/23/2020 | | # | | | 2,100,000 | | | | 2,188,392 | |
| Discover Card Master Trust |
| Series 2008-A3, Class A3 |
| 5.100% | | | | 10/15/2013 | | | | | 5,255,000 | | | | 5,430,295 | |
| GE Capital Credit Card Master Note Trust |
| Series 2010-3, Class A |
| 2.210% | | | | 06/15/2016 | | | | | 5,000,000 | | | | 5,015,221 | |
| GE Capital Credit Card Master Note Trust |
| Series 2007-4, Class A |
| 0.400% | | | | 06/15/2015 | | # | | | 1,886,000 | | | | 1,855,468 | |
| Household Credit Card Master Note Trust I |
| Series 2007-2, Class A |
| 0.900% | | | | 07/15/2013 | | # | | | 6,400,000 | | | | 6,398,151 | |
| | | | | | | | | | | | | | 41,541,825 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $70,771,458) | | | | | | | | 72,668,881 | |
| |
NON-GOVERNMENT MORTGAGE-BACKED SECURITIES—2.2% |
Mortgage Backed—2.2% |
| Banc of America Mortgage Securities, Inc. |
| Series 2004-L, Class 1A1 |
| 3.754% | | | | 01/25/2035 | | # | | | 846,725 | | | | 768,434 | |
| GSR Mortgage Loan Trust |
| Series 2005-AR6, Class 2A1 |
| 2.943% | | | | 09/25/2035 | | # | | | 2,806,060 | | | | 2,637,615 | |
| Harborview Mortgage Loan Trust |
| Series 2005-14, Class 3A1A |
| 5.225% | | | | 12/19/2035 | | # | | | 3,480,170 | | | | 2,582,486 | |
See accompanying notes to financial statements.
117
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Low Duration
Bond Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
NON-GOVERNMENT MORTGAGE-BACKED SECURITIES—(Continued) |
| MLCC Mortgage Investors, Inc. |
| Series 2004-1, Class 2A2 |
| 2.241% | | | | 12/25/2034 | | # | | $ | 1,932,388 | | | $ | 1,823,821 | |
| Provident Funding Mortgage Loan Trust |
| Series 2004-1, Class 1A1 |
| 2.830% | | | | 04/25/2034 | | # | | | 301,669 | | | | 296,898 | |
| Structured Asset Mortgage Investments, Inc. |
| Series 2004-AR5, Class 2A1 |
| 2.165% | | | | 10/19/2034 | | # | | | 741,425 | | | | 564,881 | |
| Thornburg Mortgage Securities Trust |
| Series 2004-1, Class II2A |
| 2.108% | | | | 03/25/2044 | | # | | | 635,313 | | | | 609,882 | |
| Wells Fargo Mortgage Backed Securities Trust |
| Series 2004-S, Class B1 |
| 2.968% | | | | 09/25/2034 | | # | | | 1,939,791 | | | | 722,369 | |
TOTAL NON-GOVERNMENT MORTGAGE-BACKED SECURITIES |
| (Cost $12,583,202) | | | | | | | | 10,006,386 | |
| |
| | | | | | | | | | Shares | | | | Value | |
CASH EQUIVALENTS—2.7% |
Institutional Money Market Funds—2.7% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 300,000 | | | | 300,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 10,098,214 | | | | 10,098,214 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 206,609 | | | | 206,609 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 300,000 | | | | 300,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 300,000 | | | | 300,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 300,000 | | | | 300,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 300,000 | | | | 300,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $11,804,823) | | | | | | 11,804,823 | |
TOTAL INVESTMENTS—100.2% | | | |
| (Cost $439,164,349) | | 446,040,136 | |
| Other assets less liabilities—(0.2%) | | (1,100,939 | ) |
NET ASSETS—100.0% | $ | 444,939,197 | |
Notes to the Schedule of Investments:
|
| EUR | | | | European Monetary Unit |
| MTN | | | | Medium Term Note |
| 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. |
| 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 amounted to $57,521,112, which represents 12.9% of Total Investments. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| † | | | | Denotes all or a portion of the security on loan. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
118
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Inflation Protected
Securities Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—3.8% |
Capital Markets—1.0% |
| Bear Stearns Cos. LLC (The), Series CPI MTN | | | |
| 4.110% | | | | 03/10/2014 | | # | | $ | 380,000 | | | $ | 372,164 | |
| Morgan Stanley MTN | | | |
| 2.930% | | | | 05/14/2013 | | # | | | 4,000,000 | | | | 4,017,608 | |
| | | | | | | | | | | | | | 4,389,772 | |
Commercial Banks—0.9% |
| American Express Bank FSB, Bank Note | | | |
| 0.500% | | | | 06/12/2012 | | #† | | | 800,000 | | | | 788,057 | |
| 0.477% | | | | 05/29/2012 | | # | | | 400,000 | | | | 394,219 | |
| Bank of Nova Scotia (Canada) | | | |
| 3.400% | | | | 01/22/2015 | | | | | 200,000 | | | | 206,728 | |
| BNP Paribas, Series 2 MTN (France) | | | |
| 2.125% | | | | 12/21/2012 | | | | | 300,000 | | | | 299,364 | |
| Royal Bank of Scotland plc (The) (United Kingdom) | | | |
| 4.875% | | | | 03/16/2015 | | | | | 600,000 | | | | 597,596 | |
| UBS AG MTN (Switzerland) | | | |
| 1.584% | | | | 02/23/2012 | | # | | | 1,500,000 | | | | 1,505,925 | |
| | | | | | | | | | | | | | 3,791,889 | |
Consumer Finance—0.4% |
| American Express Credit Corp., Series C MTN | | | |
| 0.467% | | | | 02/24/2012 | | # | | | 500,000 | | | | 494,584 | |
| SLM Corp. MTN | | | |
| 5.050% | | | | 11/14/2014 | | | | | 500,000 | | | | 447,606 | |
| 3.934% | | | | 04/01/2014 | | # | | | 465,000 | | | | 398,565 | |
| SLM Corp., Series CPI MTN | | | |
| 4.564% | | | | 03/15/2013 | | # | | | 120,000 | | | | 105,605 | |
| | | | | | | | | | | | | | 1,446,360 | |
Diversified Financial Services—0.6% |
| Bank of America Corp., Series K MTN | | | |
| 0.867% | | | | 09/15/2014 | | # | | | 2,000,000 | | | | 1,880,770 | |
| Citigroup, Inc. | | | |
| 0.535% | | | | 05/18/2011 | | # | | | 700,000 | | | | 694,393 | |
| | | | | | | | | | | | | | 2,575,163 | |
Diversified Telecommunication Services—0.1% |
| British Telecommunications plc (United Kingdom) | | | |
| 9.375% | | | | 12/15/2010 | | | | | 500,000 | | | | 517,169 | |
Insurance—0.5% |
| AIG Life Holdings US, Inc. | | | |
| 7.500% | | | | 08/11/2010 | | | | | 1,500,000 | | | | 1,507,746 | |
| ASIF I, Series E MTN (Cayman Islands) | | | |
| 0.466% | | | | 07/26/2010 | | # | | | 600,000 | | | | 597,867 | |
| | | | | | | | | | | | | | 2,105,613 | |
Thrifts & Mortgage Finance—0.3% |
| Countrywide Financial Corp. MTN | | | |
| 5.800% | | | | 06/07/2012 | | | | | 1,300,000 | | | | 1,367,630 | |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $16,135,445) | | | | | | | | 16,193,596 | |
| |
U.S. TREASURY OBLIGATIONS—91.2% |
U.S. Treasury Bills—0.0% |
| U.S. Treasury Bill |
| 0.004% | | | | 07/08/2010 | | | | | 100,000 | | | | 100,000 | |
U.S. Treasury Inflation Protected Securities Bonds—32.1% |
| U.S. Treasury Bond |
| 3.875% | | | | 04/15/2029 | | | | | 7,760,000 | | | | 13,841,991 | |
| 3.625% | | | | 04/15/2028 | | | | | 11,080,000 | | | | 19,374,320 | |
| 3.375% | | | | 04/15/2032 | | | | | 590,000 | | | | 945,725 | |
| 2.500% | | | | 01/15/2029 | | | | | 10,445,000 | | | | 12,020,357 | |
| 2.375% | | | | 01/15/2025–
01/15/2027 | | | | | 35,705,000 | | | | 45,139,354 | |
| 2.125% | | | | 02/15/2040 | | | | | 6,281,900 | | | | 6,965,408 | |
| 2.000% | | | | 01/15/2026 | | | | | 19,740,000 | | | | 22,988,644 | |
| 1.750% | | | | 01/15/2028 | | | | | 15,910,000 | | | | 16,835,813 | |
| | | | | | | | | | | | | | 138,111,612 | |
U.S. Treasury Inflation Protected Securities Notes—55.0% |
| U.S. Treasury Note |
| 3.500% | | | | 01/15/2011 | | | | | 1,870,000 | | | | 2,382,805 | |
| 3.375% | | | | 01/15/2012 | | | | | 1,900,000 | | | | 2,460,701 | |
| 3.000% | | | | 07/15/2012 | | | | | 10,845,000 | | | | 13,999,258 | |
| 2.625% | | | | 07/15/2017 | | | | | 6,280,000 | | | | 7,459,917 | |
| 2.500% | | | | 07/15/2016 | | | | | 20,400,000 | | | | 24,533,878 | |
| 2.375% | | | | 04/15/2011–
01/15/2017 | | | | | 37,095,000 | | | | 43,495,564 | |
| 2.125% | | | | 01/15/2019 | | | | | 3,420,000 | | | | 3,795,011 | |
| 2.000% | | | | 04/15/2012–
01/15/2016 | | | | | 19,865,000 | | | | 23,952,188 | |
| 2.000% | | | | 07/15/2014 | | ‡‡ | | | 20,065,000 | | | | 24,925,326 | |
| 1.875% | | | | 07/15/2013–
07/15/2019 | | | | | 32,525,000 | | | | 39,312,126 | |
| 1.625% | | | | 01/15/2015–
01/15/2018 | | | | | 20,645,000 | | | | 23,992,949 | |
| 1.375% | | | | 01/15/2020 | | † | | | 11,930,000 | | | | 12,334,489 | |
| 1.375% | | | | 07/15/2018 | | | | | 1,715,000 | | | | 1,799,410 | |
| 1.250% | | | | 04/15/2014 | | | | | 6,230,000 | | | | 6,708,009 | |
| 0.625% | | | | 04/15/2013 | | | | | 320,000 | | | | 337,149 | |
| 0.500% | | | | 04/15/2015 | | | | | 5,300,000 | | | | 5,408,753 | |
| | | | | | | | | | | | | | 236,897,533 | |
U.S. Treasury Notes—4.1% |
| U.S. Treasury Note |
| 3.625% | | | | 08/15/2019 | | | | | 6,100,000 | | | | 6,451,226 | |
| 3.500% | | | | 05/15/2020 | | † | | | 1,300,000 | | | | 1,360,732 | |
| 2.125% | | | | 05/31/2015 | | | | | 9,900,000 | | | | 10,071,725 | |
| | | | | | | | | | | | | | 17,883,683 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $374,204,842) | | | | | | | | 392,992,828 | |
| |
GOVERNMENT RELATED OBLIGATIONS—0.5% |
U.S. Government Agencies—0.4% |
| Israel Government AID Bond (Israel) |
| 5.500% | | | | 09/18/2023 | | | | | 500,000 | | | | 585,968 | |
| Tennessee Valley Authority |
| 5.250% | | | | 09/15/2039 | | | | | 900,000 | | | | 998,824 | |
| | | | | | | | | | | | | | 1,584,792 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Inflation Protected
Securities Fund
Coupon
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Date
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GOVERNMENT RELATED OBLIGATIONS—(Continued) |
Supranational—0.1% |
| International Bank for Reconstruction & Development, Series CPI | | | |
| 3.240% | | | | 12/10/2013 | | # | | $ | 275,000 | | | $ | 275,539 | |
TOTAL GOVERNMENT RELATED OBLIGATIONS |
| (Cost $1,701,078) | | | | | | | | 1,860,331 | |
| |
ASSET BACKED SECURITIES—0.1% |
Home Equity—0.1% |
| Argent Securities, Inc. |
| Series 2005-W2, Class A2B1 |
| 0.547% | | | | 10/25/2035 | | # | | | 403,449 | | | | 362,581 | |
| First Franklin Mortgage Loan Asset Backed Certificates |
| Series 2006-FF15, Class A3 |
| 0.397% | | | | 11/25/2036 | | # | | | 131,082 | | | | 128,010 | |
TOTAL ASSET BACKED SECURITIES |
| (Cost $493,502) | | | | | | | | 490,591 | |
| |
| | | | | | | | | | Contracts | | | | Value | |
PURCHASED OPTIONS—0.0% |
| Put—Euro-Dollar 1 Year Mid Curve, Expires 07/16/2010, Strike $98.50 | | | | | | | | | |
| (Cost $14,405) | | | | 53 | | | | 662 | |
| |
| | | | | | | | | | Shares | | | | Value | |
CASH EQUIVALENTS—6.9% |
Institutional Money Market Funds—6.9% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 2,200,000 | | | | 2,200,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 16,350,016 | | | | 16,350,016 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 2,490,277 | | | | 2,490,277 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 2,200,000 | | | | 2,200,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 2,200,000 | | | | 2,200,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 2,200,000 | | | | 2,200,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 2,200,000 | | | | 2,200,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $29,840,293) | | | | | | 29,840,293 | |
TOTAL INVESTMENTS—102.5% | | | |
| (Cost $422,389,565) | | 441,378,301 | |
| Other assets less liabilities—(2.5%) | | (10,589,500 | ) |
NET ASSETS—100.0% | $ | 430,788,801 | |
Notes to the Schedule of Investments:
|
| MTN | | | | Medium Term Note |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| † | | | | Denotes all or a portion of the security on loan. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
120
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint
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COMMON STOCKS—72.6% |
Aerospace & Defense—2.1% |
| Boeing Co. (The) | | | | 23,427 | | | $ | 1,470,044 | |
| General Dynamics Corp. | | | | 11,915 | | | | 697,742 | |
| Goodrich Corp. | | | | 3,797 | | | | 251,551 | |
| Honeywell International, Inc. | | | | 23,592 | | | | 920,796 | |
| ITT Corp. | | | | 5,641 | | | | 253,394 | |
| L-3 Communications Holdings, Inc. | | | | 3,667 | | | | 259,770 | |
| Lockheed Martin Corp. | | | | 9,823 | | | | 731,814 | |
| Northrop Grumman Corp. | | | | 9,467 | | | | 515,383 | |
| Precision Castparts Corp. | | | | 4,348 | | | | 447,496 | |
| Raytheon Co. | | | | 11,826 | | | | 572,260 | |
| Rockwell Collins, Inc. | | | | 5,053 | | | | 268,466 | |
| United Technologies Corp. | | | | 29,183 | | | | 1,894,269 | |
| | | | | | | | | | | | | | 8,282,985 | |
Air Freight & Logistics—0.7% |
| C.H. Robinson Worldwide, Inc. | | | | 5,174 | | | | 287,985 | |
| Expeditors International of Washington, Inc. | | | | 6,750 | | | | 232,943 | |
| FedEx Corp. | | | | 9,693 | | | | 679,576 | |
| United Parcel Service, Inc., Class B | | | | 30,916 | | | | 1,758,811 | |
| | | | | | | | | | | | | | 2,959,315 | |
Airlines—0.1% |
| Southwest Airlines Co. | | | | 23,579 | | | | 261,963 | |
Auto Components—0.2% |
| Goodyear Tire & Rubber Co. (The) | * | | | 7,802 | | | | 77,552 | |
| Johnson Controls, Inc. | | | | 20,848 | | | | 560,186 | |
| | | | | | | | | | | | | | 637,738 | |
Automobiles—0.3% |
| Ford Motor Co. | * | | | 104,511 | | | | 1,053,471 | |
| Harley-Davidson, Inc. | † | | | 7,576 | | | | 168,414 | |
| | | | | | | | | | | | | | 1,221,885 | |
Beverages—1.9% |
| Brown-Forman Corp., Class B | | | | 3,483 | | | | 199,332 | |
| Coca-Cola Co. (The) | | | | 71,439 | | | | 3,580,523 | |
| Coca-Cola Enterprises, Inc. | | | | 9,971 | | | | 257,850 | |
| Constellation Brands, Inc., Class A | * | | | 6,634 | | | | 103,623 | |
| Dr. Pepper Snapple Group, Inc. | | | | 8,015 | | | | 299,681 | |
| Molson Coors Brewing Co., Class B | | | | 4,922 | | | | 208,496 | |
| PepsiCo, Inc. | | | | 50,291 | | | | 3,065,236 | |
| | | | | | | | | | | | | | 7,714,741 | |
Biotechnology—1.1% |
| Amgen, Inc. | * | | | 29,978 | | | | 1,576,843 | |
| Biogen Idec, Inc. | * | | | 8,281 | | | | 392,933 | |
| Celgene Corp. | * | | | 14,129 | | | | 718,036 | |
| Cephalon, Inc. | * | | | 2,158 | | | | 122,466 | |
| Genzyme Corp. | * | | | 8,402 | | | | 426,570 | |
| Gilead Sciences, Inc. | * | | | 28,008 | | | | 960,114 | |
| | | | | | | | | | | | | | 4,196,962 | |
Building Products—0.0% |
| Masco Corp. | | | | 11,318 | | | | 121,782 | |
Capital Markets—1.7% |
| Ameriprise Financial, Inc. | | | | 7,793 | | | | 281,561 | |
| Bank of New York Mellon Corp. (The) | | | | 37,456 | | | | 924,789 | |
| Charles Schwab Corp. (The) | | | | 30,184 | | | | 428,009 | |
| E*Trade Financial Corp. | * | | | 6,000 | | | | 70,920 | |
| Federated Investors, Inc., Class B | † | | | 3,160 | | | | 65,444 | |
| Franklin Resources, Inc. | | | | 4,602 | | | | 396,646 | |
| Goldman Sachs Group, Inc. (The) | | | | 16,085 | | | | 2,111,478 | |
| Invesco Ltd. | † | | | 14,397 | | | | 242,301 | |
| Janus Capital Group, Inc. | | | | 4,351 | | | | 38,637 | |
| Legg Mason, Inc. | | | | 4,993 | | | | 139,954 | |
| Morgan Stanley | | | | 43,345 | | | | 1,006,037 | |
| Northern Trust Corp. | | | | 7,594 | | | | 354,640 | |
| State Street Corp. | | | | 15,618 | | | | 528,201 | |
| T. Rowe Price Group, Inc. | | | | 8,154 | | | | 361,956 | |
| | | | | | | | | | | | | | 6,950,573 | |
Chemicals—1.4% |
| Air Products & Chemicals, Inc. | | | | 6,640 | | | | 430,338 | |
| Airgas, Inc. | | | | 2,620 | | | | 162,964 | |
| CF Industries Holdings, Inc. | | | | 2,156 | | | | 136,798 | |
| Dow Chemical Co. (The) | | | | 35,580 | | | | 843,958 | |
| E.I. Du Pont de Nemours & Co. | | | | 28,090 | | | | 971,633 | |
| Eastman Chemical Co. | | | | 2,301 | | | | 122,781 | |
| Ecolab, Inc. | | | | 7,283 | | | | 327,080 | |
| FMC Corp. | † | | | 2,249 | | | | 129,160 | |
| International Flavors & Fragrances, Inc. | | | | 2,294 | | | | 97,311 | |
| Monsanto Co. | | | | 16,957 | | | | 783,753 | |
| PPG Industries, Inc. | | | | 5,278 | | | | 318,844 | |
| Praxair, Inc. | | | | 9,404 | | | | 714,610 | |
| Sherwin-Williams Co. (The) | † | | | 2,930 | | | | 202,727 | |
| Sigma-Aldrich Corp. | | | | 4,018 | | | | 200,217 | |
| | | | | | | | | | | | | | 5,442,174 | |
Commercial Banks—2.2% |
| BB&T Corp. | | | | 21,835 | | | | 574,479 | |
| Comerica, Inc. | | | | 5,290 | | | | 194,831 | |
| Fifth Third Bancorp | | | | 24,338 | | | | 299,114 | |
| First Horizon National Corp. | * | | | 8,175 | | | | 93,605 | |
| Huntington Bancshares, Inc./Ohio | | | | 20,108 | | | | 111,398 | |
| KeyCorp | | | | 27,233 | | | | 209,422 | |
| M&T Bank Corp. | † | | | 2,331 | | | | 198,018 | |
| Marshall & Ilsley Corp. | | | | 14,997 | | | | 107,678 | |
| PNC Financial Services Group, Inc. | | | | 16,298 | | | | 920,837 | |
| Regions Financial Corp. | | | | 34,936 | | | | 229,879 | |
| SunTrust Banks, Inc. | | | | 14,850 | | | | 346,005 | |
| U.S. Bancorp | | | | 59,804 | | | | 1,336,619 | |
| Wells Fargo & Co. | | | | 161,821 | | | | 4,142,618 | |
| Zions Bancorporation | † | | | 4,865 | | | | 104,938 | |
| | | | | | | | | | | | | | 8,869,441 | |
Commercial Services & Supplies—0.4% |
| Avery Dennison Corp. | † | | | 3,126 | | | | 100,438 | |
| Cintas Corp. | | | | 4,246 | | | | 101,777 | |
| Iron Mountain, Inc. | | | | 5,846 | | | | 131,301 | |
| Pitney Bowes, Inc. | † | | | 6,589 | | | | 144,694 | |
| R.R. Donnelley & Sons Co. | | | | 6,629 | | | | 108,517 | |
| Republic Services, Inc. | | | | 10,343 | | | | 307,497 | |
|
See accompanying notes to financial statements.
121
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Asset Allocation Fund
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COMMON STOCKS—(Continued) |
| Stericycle, Inc. | * | | | 2,758 | | | $ | 180,870 | |
| Waste Management, Inc. | | | | 14,989 | | | | 469,006 | |
| | | | | | | | | | | | | | 1,544,100 | |
Communications Equipment—1.7% |
| Cisco Systems, Inc. | * | | | 177,650 | | | | 3,785,721 | |
| Harris Corp. | | | | 4,234 | | | | 176,346 | |
| JDS Uniphase Corp. | * | | | 7,314 | | | | 71,970 | |
| Juniper Networks, Inc. | * | | | 16,563 | | | | 377,968 | |
| Motorola, Inc. | * | | | 70,856 | | | | 461,981 | |
| QUALCOMM, Inc. | | | | 51,258 | | | | 1,683,313 | |
| Tellabs, Inc. | | | | 12,664 | | | | 80,923 | |
| | | | | | | | | | | | | | 6,638,222 | |
Computers & Peripherals—3.3% |
| Apple, Inc. | * | | | 28,281 | | | | 7,113,520 | |
| Dell, Inc. | * | | | 53,484 | | | | 645,017 | |
| EMC Corp. | * | | | 64,114 | | | | 1,173,286 | |
| Hewlett-Packard Co. | | | | 72,760 | | | | 3,149,053 | |
| Lexmark International, Inc., Class A | *† | | | 2,137 | | | | 70,585 | |
| NetApp, Inc. | * | | | 10,404 | | | | 388,173 | |
| QLogic Corp. | *† | | | 3,859 | | | | 64,137 | |
| SanDisk Corp. | * | | | 6,934 | | | | 291,713 | |
| Teradata Corp. | * | | | 5,267 | | | | 160,538 | |
| Western Digital Corp. | * | | | 7,173 | | | | 216,338 | |
| | | | | | | | | | | | | | 13,272,360 | |
Construction & Engineering—0.1% |
| Fluor Corp. | | | | 5,733 | | | | 243,653 | |
| Jacobs Engineering Group, Inc. | * | | | 3,804 | | | | 138,618 | |
| Quanta Services, Inc. | * | | | 6,262 | | | | 129,310 | |
| | | | | | | | | | | | | | 511,581 | |
Construction Materials—0.0% |
| Vulcan Materials Co. | | | | 3,562 | | | | 156,122 | |
Consumer Finance—0.6% |
| American Express Co. | | | | 37,397 | | | | 1,484,661 | |
| Capital One Financial Corp. | | | | 14,239 | | | | 573,832 | |
| Discover Financial Services | | | | 16,871 | | | | 235,856 | |
| SLM Corp. | * | | | 14,064 | | | | 146,125 | |
| | | | | | | | | | | | | | 2,440,474 | |
Containers & Packaging—0.1% |
| Ball Corp. | | | | 2,878 | | | | 152,045 | |
| Bemis Co., Inc. | | | | 2,809 | | | | 75,843 | |
| Owens-Illinois, Inc. | * | | | 5,405 | | | | 142,962 | |
| Pactiv Corp. | * | | | 3,884 | | | | 108,169 | |
| Sealed Air Corp. | | | | 5,482 | | | | 108,105 | |
| | | | | | | | | | | | | | 587,124 | |
Distributors—0.1% |
| Genuine Parts Co. | | | | 5,124 | | | | 202,142 | |
Diversified Consumer Services—0.1% |
| Apollo Group, Inc., Class A | * | | | 3,981 | | | | 169,073 | |
| DeVry, Inc. | | | | 1,988 | | | | 104,350 | |
| H&R Block, Inc. | | | | 10,996 | | | | 172,527 | |
| | | | | | | | | | | | | | 445,950 | |
Diversified Financial Services—3.3% |
| Bank of America Corp. | | | | 311,822 | | | | 4,480,882 | |
| Citigroup, Inc. | * | | | 700,635 | | | | 2,634,388 | |
| CME Group, Inc. | | | | 2,054 | | | | 578,304 | |
| IntercontinentalExchange, Inc. | * | | | 2,406 | | | | 271,950 | |
| JPMorgan Chase & Co. | | | | 123,515 | | | | 4,521,884 | |
| Leucadia National Corp. | * | | | 5,905 | | | | 115,207 | |
| Moody’s Corp. | | | | 6,236 | | | | 124,221 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 4,396 | | | | 78,161 | |
| NYSE Euronext | | | | 8,291 | | | | 229,080 | |
| | | | | | | | | | | | | | 13,034,077 | |
Diversified Telecommunication Services—1.9% |
| AT&T, Inc. | | | | 183,134 | | | | 4,430,011 | |
| CenturyLink, Inc. | | | | 9,330 | | | | 310,782 | |
| Frontier Communications Corp. | † | | | 9,992 | | | | 71,043 | |
| Qwest Communications International, Inc. | | | | 44,162 | | | | 231,851 | |
| Verizon Communications, Inc. | | | | 88,444 | | | | 2,478,201 | |
| Windstream Corp. | † | | | 13,975 | | | | 147,576 | |
| | | | | | | | | | | | | | 7,669,464 | |
Electric Utilities—1.4% |
| Allegheny Energy, Inc. | | | | 5,293 | | | | 109,459 | |
| American Electric Power Co., Inc. | | | | 14,691 | | | | 474,519 | |
| Duke Energy Corp. | | | | 40,765 | | | | 652,240 | |
| Edison International | | | | 9,983 | | | | 316,661 | |
| Entergy Corp. | | | | 5,980 | | | | 428,288 | |
| Exelon Corp. | | | | 20,495 | | | | 778,195 | |
| FirstEnergy Corp. | | | | 9,639 | | | | 339,582 | |
| NextEra Energy, Inc. | | | | 12,762 | | | | 622,275 | |
| Northeast Utilities | | | | 4,889 | | | | 124,572 | |
| Pepco Holdings, Inc. | | | | 6,579 | | | | 103,159 | |
| Pinnacle West Capital Corp. | | | | 3,373 | | | | 122,642 | |
| PPL Corp. | | | | 13,929 | | | | 347,529 | |
| Progress Energy, Inc. | | | | 8,583 | | | | 336,625 | |
| Southern Co. | | | | 25,559 | | | | 850,603 | |
| | | | | | | | | | | | | | 5,606,349 | |
Electrical Equipment—0.4% |
| Emerson Electric Co. | | | | 23,407 | | | | 1,022,652 | |
| Rockwell Automation, Inc. | | | | 4,482 | | | | 220,021 | |
| Roper Industries, Inc. | | | | 2,878 | | | | 161,053 | |
| | | | | | | | | | | | | | 1,403,726 | |
Electronic Equipment, Instruments & Components—0.4% |
| Agilent Technologies, Inc. | *† | | | 10,578 | | | | 300,733 | |
| Amphenol Corp., Class A | | | | 5,629 | | | | 221,107 | |
| Corning, Inc. | | | | 48,074 | | | | 776,395 | |
| FLIR Systems, Inc. | * | | | 4,380 | | | | 127,414 | |
| Jabil Circuit, Inc. | | | | 6,115 | | | | 81,330 | |
| Molex, Inc. | † | | | 4,331 | | | | 78,997 | |
| | | | | | | | | | | | | | 1,585,976 | |
Energy Equipment & Services—1.2% |
| Baker Hughes, Inc. | † | | | 13,025 | | | | 541,449 | |
| Cameron International Corp. | * | | | 7,528 | | | | 244,811 | |
| Diamond Offshore Drilling, Inc. | † | | | 2,101 | | | | 130,661 | |
| FMC Technologies, Inc. | * | | | 3,875 | | | | 204,057 | |
| Halliburton Co. | | | | 28,038 | | | | 688,333 | |
| Helmerich & Payne, Inc. | | | | 3,289 | | | | 120,114 | |
| Nabors Industries Ltd. (Bermuda) | * | | | 8,452 | | | | 148,924 | |
| National Oilwell Varco, Inc. | | | | 13,224 | | | | 437,318 | |
| Rowan Cos., Inc. | * | | | 3,672 | | | | 80,564 | |
See accompanying notes to financial statements.
122
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
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COMMON STOCKS—(Continued) |
| Schlumberger Ltd. | | | | 37,108 | | | $ | 2,053,557 | |
| Smith International, Inc. | | | | 7,621 | | | | 286,931 | |
| | | | | | | | | | | | | | 4,936,719 | |
Food & Staples Retailing—1.8% |
| Costco Wholesale Corp. | | | | 13,781 | | | | 755,612 | |
| CVS Caremark Corp. | | | | 42,563 | | | | 1,247,947 | |
| Kroger Co. (The) | | | | 20,595 | | | | 405,515 | |
| Safeway, Inc. | | | | 11,798 | | | | 231,949 | |
| SUPERVALU, Inc. | | | | 6,390 | | | | 69,268 | |
| Sysco Corp. | | | | 18,247 | | | | 521,317 | |
| Walgreen Co. | | | | 30,733 | | | | 820,571 | |
| Wal-Mart Stores, Inc. | | | | 64,380 | | | | 3,094,747 | |
| Whole Foods Market, Inc. | * | | | 5,271 | | | | 189,861 | |
| | | | | | | | | | | | | | 7,336,787 | |
Food Products—1.4% |
| Archer-Daniels-Midland Co. | | | | 19,852 | | | | 512,579 | |
| Campbell Soup Co. | | | | 5,729 | | | | 205,270 | |
| ConAgra Foods, Inc. | | | | 14,042 | | | | 327,459 | |
| Dean Foods Co. | * | | | 4,751 | | | | 47,843 | |
| General Mills, Inc. | | | | 20,298 | | | | 720,985 | |
| H.J. Heinz Co. | | | | 9,738 | | | | 420,876 | |
| Hershey Co. (The) | | | | 5,238 | | | | 251,057 | |
| Hormel Foods Corp. | † | | | 2,248 | | | | 90,999 | |
| J.M. Smucker Co. (The) | | | | 3,817 | | | | 229,860 | |
| Kellogg Co. | | | | 8,053 | | | | 405,066 | |
| Kraft Foods, Inc., Class A | | | | 53,891 | | | | 1,508,948 | |
| McCormick & Co., Inc. | | | | 4,222 | | | | 160,267 | |
| Mead Johnson Nutrition Co. | | | | 6,092 | | | | 305,331 | |
| Sara Lee Corp. | | | | 20,861 | | | | 294,140 | |
| Tyson Foods, Inc., Class A | | | | 9,738 | | | | 159,606 | |
| | | | | | | | | | | | | | 5,640,286 | |
Gas Utilities—0.2% |
| EQT Corp. | | | | 4,265 | | | | 154,137 | |
| Nicor, Inc. | † | | | 1,506 | | | | 60,993 | |
| Oneok, Inc. | | | | 3,242 | | | | 140,216 | |
| Questar Corp. | | | | 5,230 | | | | 237,913 | |
| | | | | | | | | | | | | | 593,259 | |
Health Care Equipment & Supplies—1.3% |
| Baxter International, Inc. | | | | 18,745 | | | | 761,797 | |
| Becton Dickinson and Co. | | | | 7,304 | | | | 493,896 | |
| Boston Scientific Corp. | * | | | 46,331 | | | | 268,720 | |
| C.R. Bard, Inc. | | | | 3,058 | | | | 237,087 | |
| CareFusion Corp. | * | | | 5,797 | | | | 131,592 | |
| DENTSPLY International, Inc. | † | | | 4,799 | | | | 143,538 | |
| Hospira, Inc. | * | | | 5,183 | | | | 297,763 | |
| Intuitive Surgical, Inc. | * | | | 1,206 | | | | 380,638 | |
| Medtronic, Inc. | | | | 34,054 | | | | 1,235,139 | |
| St. Jude Medical, Inc. | * | | | 10,110 | | | | 364,870 | |
| Stryker Corp. | | | | 8,835 | | | | 442,280 | |
| Varian Medical Systems, Inc. | *† | | | 3,919 | | | | 204,885 | |
| Zimmer Holdings, Inc. | * | | | 6,442 | | | | 348,190 | |
| | | | | | | | | | | | | | 5,310,395 | |
Health Care Providers & Services—1.6% |
| Aetna, Inc. | | | | 13,349 | | | | 352,147 | |
| AmerisourceBergen Corp. | | | | 9,167 | | | | 291,052 | |
| Cardinal Health, Inc. | | | | 11,132 | | | | 374,147 | |
| CIGNA Corp. | | | | 8,739 | | | | 271,433 | |
| Coventry Health Care, Inc. | * | | | 4,410 | | | | 77,969 | |
| DaVita, Inc. | * | | | 3,286 | | | | 205,178 | |
| Express Scripts, Inc. | * | | | 17,182 | | | | 807,898 | |
| Humana, Inc. | * | | | 5,176 | | | | 236,388 | |
| Laboratory Corp. of America Holdings | * | | | 3,364 | | | | 253,477 | |
| McKesson Corp. | | | | 8,280 | | | | 556,085 | |
| Medco Health Solutions, Inc. | * | | | 14,003 | | | | 771,285 | |
| Patterson Cos., Inc. | † | | | 2,907 | | | | 82,937 | |
| Quest Diagnostics, Inc. | | | | 4,903 | | | | 244,022 | |
| Tenet Healthcare Corp. | * | | | 14,852 | | | | 64,458 | |
| UnitedHealth Group, Inc. | | | | 35,643 | | | | 1,012,261 | |
| WellPoint, Inc. | * | | | 13,424 | | | | 656,836 | |
| | | | | | | | | | | | | | 6,257,573 | |
Health Care Technology—0.0% |
| Cerner Corp. | * | | | 2,113 | | | | 160,356 | |
Hotels, Restaurants & Leisure—1.2% |
| Carnival Corp. | | | | 13,807 | | | | 417,524 | |
| Darden Restaurants, Inc. | | | | 4,164 | | | | 161,771 | |
| International Game Technology | | | | 9,531 | | | | 149,637 | |
| Marriott International, Inc., Class A | | | | 8,227 | | | | 246,316 | |
| McDonald’s Corp. | | | | 33,370 | | | | 2,198,082 | |
| Starbucks Corp. | | | | 23,487 | | | | 570,734 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 5,654 | | | | 234,245 | |
| Wyndham Worldwide Corp. | | | | 4,845 | | | | 97,578 | |
| Wynn Resorts Ltd. | | | | 2,106 | | | | 160,625 | |
| Yum! Brands, Inc. | | | | 14,616 | | | | 570,609 | |
| | | | | | | | | | | | | | 4,807,121 | |
Household Durables—0.3% |
| D.R. Horton, Inc. | † | | | 9,180 | | | | 90,239 | |
| Fortune Brands, Inc. | † | | | 4,749 | | | | 186,066 | |
| Harman International Industries, Inc. | * | | | 2,206 | | | | 65,937 | |
| Leggett & Platt, Inc. | † | | | 4,725 | | | | 94,784 | |
| Lennar Corp., Class A | † | | | 4,506 | | | | 62,679 | |
| Newell Rubbermaid, Inc. | | | | 9,195 | | | | 134,615 | |
| Pulte Group, Inc. | * | | | 10,210 | | | | 84,539 | |
| Stanley Black & Decker, Inc. | | | | 5,018 | | | | 253,509 | |
| Whirlpool Corp. | | | | 2,161 | | | | 189,779 | |
| | | | | | | | | | | | | | 1,162,147 | |
Household Products—1.9% |
| Clorox Co. | | | | 4,290 | | | | 266,666 | |
| Colgate-Palmolive Co. | | | | 15,302 | | | | 1,205,186 | |
| Kimberly-Clark Corp. | | | | 12,884 | | | | 781,157 | |
| Procter & Gamble Co. (The) | | | | 89,685 | | | | 5,379,306 | |
| | | | | | | | | | | | | | 7,632,315 | |
Independent Power Producers & Energy Traders—0.1% |
| AES Corp. (The) | * | | | 21,259 | | | | 196,433 | |
| Constellation Energy Group, Inc. | | | | 5,831 | | | | 188,050 | |
| NRG Energy, Inc. | * | | | 8,096 | | | | 171,716 | |
| | | | | | | | | | | | | | 556,199 | |
| | | | | | | | | | | | | | | |
Industrial Conglomerates—1.7% |
| 3M Co. | | | | 22,136 | | | | 1,748,523 | |
| General Electric Co. | | | | 330,914 | | | | 4,771,780 | |
| Textron, Inc. | | | | 7,629 | | | | 129,464 | |
| | | | | | | | | | | | | | 6,649,767 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
Insurance—2.9% |
| Aflac, Inc. | | | | 14,506 | | | $ | 618,971 | |
| Allstate Corp. (The) | | | | 16,568 | | | | 475,999 | |
| American International Group, Inc. | *† | | | 4,317 | | | | 148,677 | |
| AON Corp. | | | | 8,092 | | | | 300,375 | |
| Assurant, Inc. | | | | 3,596 | | | | 124,781 | |
| Berkshire Hathaway, Inc., Class B | * | | | 51,548 | | | | 4,107,860 | |
| Chubb Corp. | | | | 10,280 | | | | 514,103 | |
| Cincinnati Financial Corp. | † | | | 5,141 | | | | 132,998 | |
| Genworth Financial, Inc., Class A | * | | | 14,912 | | | | 194,900 | |
| Hartford Financial Services Group, Inc. | | | | 13,281 | | | | 293,909 | |
| Lincoln National Corp. | | | | 8,914 | | | | 216,521 | |
| Loews Corp. | | | | 10,603 | | | | 353,186 | |
| Marsh & McLennan Cos., Inc. | | | | 16,558 | | | | 373,383 | |
| MetLife, Inc. | | | | 25,448 | | | | 960,916 | |
| Principal Financial Group, Inc. | | | | 10,025 | | | | 234,986 | |
| Progressive Corp. (The) | | | | 20,668 | | | | 386,905 | |
| Prudential Financial, Inc. | | | | 14,385 | | | | 771,899 | |
| Torchmark Corp. | † | | | 2,634 | | | | 130,409 | |
| Travelers Cos., Inc. (The) | | | | 15,568 | | | | 766,724 | |
| Unum Group | | | | 10,526 | | | | 228,414 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 10,575 | | | | 169,306 | |
| | | | | | | | | | | | | | 11,505,222 | |
Internet & Catalog Retail—0.4% |
| Amazon.com, Inc. | * | | | 10,652 | | | | 1,163,837 | |
| Expedia, Inc. | | | | 6,702 | | | | 125,864 | |
| priceline.com, Inc. | * | | | 1,463 | | | | 258,278 | |
| | | | | | | | | | | | | | 1,547,979 | |
Internet Software & Services—1.2% |
| Akamai Technologies, Inc. | * | | | 5,411 | | | | 219,524 | |
| eBay, Inc. | * | | | 34,962 | | | | 685,605 | |
| Google, Inc., Class A | * | | | 7,514 | | | | 3,343,354 | |
| Monster Worldwide, Inc. | * | | | 4,240 | | | | 49,396 | |
| VeriSign, Inc. | *† | | | 6,023 | | | | 159,911 | |
| Yahoo! Inc. | * | | | 35,859 | | | | 495,930 | |
| | | | | | | | | | | | | | 4,953,720 | |
IT Services—2.3% |
| Automatic Data Processing, Inc. | | | | 15,606 | | | | 628,298 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 9,190 | | | | 460,051 | |
| Computer Sciences Corp. | | | | 4,750 | | | | 214,938 | |
| Fidelity National Information Services, Inc. | | | | 9,987 | | | | 267,851 | |
| Fiserv, Inc. | * | | | 4,950 | | | | 226,017 | |
| International Business Machines Corp. | | | | 39,975 | | | | 4,936,113 | |
| Mastercard, Inc., Class A | | | | 2,975 | | | | 593,602 | |
| Paychex, Inc. | † | | | 9,835 | | | | 255,415 | |
| SAIC, Inc. | * | | | 8,224 | | | | 137,670 | |
| Total System Services, Inc. | † | | | 6,312 | | | | 85,843 | |
| Visa, Inc., Class A | † | | | 13,804 | | | | 976,633 | |
| Western Union Co. (The) | | | | 20,973 | | | | 312,707 | |
| | | | | | | | | | | | | | 9,095,138 | |
Leisure Equipment & Products—0.1% |
| Eastman Kodak Co. | *† | | | 9,878 | | | | 42,871 | |
| Hasbro, Inc. | | | | 4,154 | | | | 170,729 | |
| Mattel, Inc. | | | | 11,377 | | | | 240,737 | |
| | | | | | | | | | | | | | 454,337 | |
Life Sciences Tools & Services—0.3% |
| Life Technologies Corp. | * | | | 5,646 | | | | 266,774 | |
| Millipore Corp. | * | | | 1,743 | | | | 185,891 | |
| PerkinElmer, Inc. | | | | 3,463 | | | | 71,580 | |
| Thermo Fisher Scientific, Inc. | * | | | 12,681 | | | | 622,003 | |
| Waters Corp. | *† | | | 2,759 | | | | 178,507 | |
| | | | | | | | | | | | | | 1,324,755 | |
Machinery—1.3% |
| Caterpillar, Inc. | | | | 19,386 | | | | 1,164,517 | |
| Cummins, Inc. | | | | 6,377 | | | | 415,334 | |
| Danaher Corp. | | | | 16,496 | | | | 612,332 | |
| Deere & Co. | | | | 13,112 | | | | 730,076 | |
| Dover Corp. | | | | 6,048 | | | | 252,746 | |
| Eaton Corp. | | | | 5,083 | | | | 332,632 | |
| Flowserve Corp. | | | | 1,799 | | | | 152,555 | |
| Illinois Tool Works, Inc. | | | | 11,936 | | | | 492,718 | |
| PACCAR, Inc. | | | | 11,207 | | | | 446,823 | |
| Pall Corp. | | | | 3,604 | | | | 123,869 | |
| Parker Hannifin Corp. | | | | 5,152 | | | | 285,730 | |
| Snap-On, Inc. | | | | 1,958 | | | | 80,102 | |
| | | | | | | | | | | | | | 5,089,434 | |
Media—2.3% |
| CBS Corp., Class B | | | | 21,478 | | | | 277,711 | |
| Comcast Corp., Class A | | | | 87,981 | | | | 1,528,230 | |
| DIRECTV, Class A | * | | | 28,484 | | | | 966,177 | |
| Discovery Communications, Inc., Class A | *† | | | 8,825 | | | | 315,141 | |
| Gannett Co., Inc. | | | | 7,163 | | | | 96,414 | |
| Interpublic Group of Cos., Inc. (The) | *† | | | 15,511 | | | | 110,593 | |
| McGraw-Hill Cos., Inc. (The) | | | | 9,668 | | | | 272,058 | |
| Meredith Corp. | | | | 1,194 | | | | 37,169 | |
| New York Times Co. (The), Class A | * | | | 3,125 | | | | 27,031 | |
| News Corp., Class A | | | | 69,929 | | | | 836,351 | |
| Omnicom Group, Inc. | | | | 9,772 | | | | 335,180 | |
| Scripps Networks Interactive, Inc., Class A | | | | 2,856 | | | | 115,211 | |
| Time Warner Cable, Inc. | | | | 11,146 | | | | 580,484 | |
| Time Warner, Inc. | | | | 35,534 | | | | 1,027,288 | |
| Viacom, Inc., Class B | | | | 18,762 | | | | 588,564 | |
| Walt Disney Co. (The) | | | | 60,795 | | | | 1,915,042 | |
| Washington Post Co. (The), Class B | | | | 203 | | | | 83,327 | |
| | | | | | | | | | | | | | 9,111,971 | |
Metals & Mining—0.8% |
| AK Steel Holding Corp. | | | | 3,514 | | | | 41,887 | |
| Alcoa, Inc. | | | | 30,886 | | | | 310,713 | |
| Allegheny Technologies, Inc. | | | | 3,017 | | | | 133,321 | |
| Cliffs Natural Resources, Inc. | | | | 4,107 | | | | 193,686 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 14,606 | | | | 863,653 | |
| Newmont Mining Corp. | | | | 15,205 | | | | 938,757 | |
| Nucor Corp. | | | | 9,962 | | | | 381,346 | |
| Titanium Metals Corp. | * | | | 3,119 | | | | 54,863 | |
| United States Steel Corp. | † | | | 4,375 | | | | 168,656 | |
| | | | | | | | | | | | | | 3,086,882 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
Multiline Retail—0.6% |
| Big Lots, Inc. | * | | | 2,507 | | | $ | 80,450 | |
| Family Dollar Stores, Inc. | | | | 4,536 | | | | 170,962 | |
| J.C. Penney Co., Inc. | | | | 6,918 | | | | 148,599 | |
| Kohl’s Corp. | * | | | 9,465 | | | | 449,587 | |
| Macy’s, Inc. | | | | 13,012 | | | | 232,915 | |
| Nordstrom, Inc. | | | | 4,663 | | | | 150,102 | |
| Sears Holdings Corp. | *† | | | 1,544 | | | | 99,819 | |
| Target Corp. | | | | 23,026 | | | | 1,132,188 | |
| | | | | | | | | | | | | | 2,464,622 | |
Multi-Utilities—1.0% |
| Ameren Corp. | | | | 7,319 | | | | 173,973 | |
| CenterPoint Energy, Inc. | | | | 12,730 | | | | 167,527 | |
| CMS Energy Corp. | † | | | 7,625 | | | | 111,706 | |
| Consolidated Edison, Inc. | | | | 8,838 | | | | 380,918 | |
| Dominion Resources, Inc. | | | | 18,706 | | | | 724,670 | |
| DTE Energy Co. | | | | 5,126 | | | | 233,797 | |
| Integrys Energy Group, Inc. | | | | 2,529 | | | | 110,618 | |
| NiSource, Inc. | | | | 9,089 | | | | 131,791 | |
| PG&E Corp. | | | | 11,454 | | | | 470,759 | |
| Public Service Enterprise Group, Inc. | | | | 15,862 | | | | 496,956 | |
| SCANA Corp. | | | | 3,531 | | | | 126,269 | |
| Sempra Energy | | | | 7,796 | | | | 364,775 | |
| TECO Energy, Inc. | | | | 6,941 | | | | 104,601 | |
| Wisconsin Energy Corp. | | | | 3,794 | | | | 192,508 | |
| Xcel Energy, Inc. | | | | 14,102 | | | | 290,642 | |
| | | | | | | | | | | | | | 4,081,510 | |
Office Electronics—0.1% |
| Xerox Corp. | | | | 41,282 | | | | 331,907 | |
Oil, Gas & Consumable Fuels—6.5% |
| Anadarko Petroleum Corp. | | | | 15,347 | | | | 553,873 | |
| Apache Corp. | | | | 10,454 | | | | 880,122 | |
| Cabot Oil & Gas Corp. | † | | | 3,451 | | | | 108,085 | |
| Chesapeake Energy Corp. | | | | 20,231 | | | | 423,840 | |
| Chevron Corp. | | | | 62,316 | | | | 4,228,764 | |
| ConocoPhillips | | | | 46,208 | | | | 2,268,351 | |
| CONSOL Energy, Inc. | | | | 6,834 | | | | 230,716 | |
| Denbury Resources, Inc. | * | | | 12,314 | | | | 180,277 | |
| Devon Energy Corp. | | | | 13,813 | | | | 841,488 | |
| El Paso Corp. | | | | 21,440 | | | | 238,198 | |
| EOG Resources, Inc. | | | | 7,823 | | | | 769,549 | |
| Exxon Mobil Corp. | | | | 158,854 | | | | 9,065,770 | |
| Hess Corp. | | | | 9,116 | | | | 458,899 | |
| Marathon Oil Corp. | | | | 21,871 | | | | 679,969 | |
| Massey Energy Co. | | | | 2,896 | | | | 79,206 | |
| Murphy Oil Corp. | | | | 6,149 | | | | 304,683 | |
| Noble Energy, Inc. | | | | 5,398 | | | | 325,661 | |
| Occidental Petroleum Corp. | | | | 25,269 | | | | 1,949,503 | |
| Peabody Energy Corp. | | | | 8,486 | | | | 332,057 | |
| Pioneer Natural Resources Co. | | | | 3,634 | | | | 216,041 | |
| Range Resources Corp. | | | | 5,003 | | | | 200,871 | |
| Southwestern Energy Co. | * | | | 10,664 | | | | 412,057 | |
| Spectra Energy Corp. | | | | 20,454 | | | | 410,512 | |
| Sunoco, Inc. | | | | 3,759 | | | | 130,700 | |
| Tesoro Corp. | † | | | 4,813 | | | | 56,168 | |
| Valero Energy Corp. | | | | 17,956 | | | | 322,849 | |
| Williams Cos., Inc. (The) | | | | 18,508 | | | | 338,326 | |
| | | | | | | | | | | | | | 26,006,535 | |
Paper & Forest Products—0.2% |
| International Paper Co. | | | | 13,740 | | | | 310,936 | |
| MeadWestvaco Corp. | | | | 5,471 | | | | 121,456 | |
| Weyerhaeuser Co. | | | | 6,827 | | | | 240,311 | |
| | | | | | | | | | | | | | 672,703 | |
Personal Products—0.1% |
| Avon Products, Inc. | | | | 13,124 | | | | 347,786 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 3,876 | | | | 216,009 | |
| | | | | | | | | | | | | | 563,795 | |
Pharmaceuticals—4.5% |
| Abbott Laboratories | | | | 48,188 | | | | 2,254,235 | |
| Allergan, Inc. | | | | 9,724 | | | | 566,520 | |
| Bristol-Myers Squibb Co. | | | | 53,289 | | | | 1,329,028 | |
| Eli Lilly & Co. | | | | 31,479 | | | | 1,054,547 | |
| Forest Laboratories, Inc. | * | | | 9,317 | | | | 255,565 | |
| Johnson & Johnson | | | | 85,433 | | | | 5,045,673 | |
| King Pharmaceuticals, Inc. | * | | | 7,688 | | | | 58,352 | |
| Merck & Co., Inc. | | | | 96,700 | | | | 3,381,599 | |
| Mylan, Inc. | *† | | | 9,862 | | | | 168,048 | |
| Pfizer, Inc. | | | | 250,384 | | | | 3,570,476 | |
| Watson Pharmaceuticals, Inc. | * | | | 3,200 | | | | 129,824 | |
| | | | | | | | | | | | | | 17,813,867 | |
Professional Services—0.1% |
| Dun & Bradstreet Corp. | | | | 1,744 | | | | 117,057 | |
| Equifax, Inc. | | | | 3,857 | | | | 108,227 | |
| Robert Half International, Inc. | † | | | 4,639 | | | | 109,249 | |
| | | | | | | | | | | | | | 334,533 | |
Real Estate Investment Trusts (REITs)—1.0% |
| Apartment Investment & Management Co., Class A REIT | † | | | 3,021 | | | | 58,517 | |
| AvalonBay Communities, Inc. REIT | † | | | 2,405 | | | | 224,555 | |
| Boston Properties, Inc. REIT | † | | | 4,393 | | | | 313,397 | |
| Equity Residential REIT | | | | 8,760 | | | | 364,766 | |
| HCP, Inc. REIT | | | | 9,192 | | | | 296,442 | |
| Health Care REIT, Inc. REIT | | | | 3,799 | | | | 160,014 | |
| Host Hotels & Resorts, Inc. REIT | | | | 19,950 | | | | 268,926 | |
| Kimco Realty Corp. REIT | | | | 11,824 | | | | 158,914 | |
| Plum Creek Timber Co., Inc. REIT | † | | | 5,319 | | | | 183,665 | |
| ProLogis REIT | † | | | 13,658 | | | | 138,355 | |
| Public Storage REIT | | | | 3,992 | | | | 350,937 | |
| Simon Property Group, Inc. REIT | | | | 9,011 | | | | 727,638 | |
| Ventas, Inc. REIT | | | | 4,526 | | | | 212,496 | |
| Vornado Realty Trust REIT | | | | 4,943 | | | | 360,592 | |
| | | | | | | | | | | | | | 3,819,214 | |
| | | | | | | | | | | | | | | |
Real Estate Management & Development—0.0% |
| CB Richard Ellis Group, Inc., Class A | * | | | 7,941 | | | | 108,077 | |
| | | | | | | | | | | | | | | |
Road & Rail—0.6% |
| CSX Corp. | | | | 11,967 | | | | 593,922 | |
| Norfolk Southern Corp. | | | | 11,357 | | | | 602,489 | |
| Ryder System, Inc. | | | | 1,648 | | | | 66,299 | |
| Union Pacific Corp. | | | | 15,689 | | | | 1,090,542 | |
| | | | | | | | | | | | | | 2,353,252 | |
|
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
Semiconductors & Semiconductor Equipment—1.9% |
| Advanced Micro Devices, Inc. | * | | | 17,789 | | | $ | 130,215 | |
| Altera Corp. | † | | | 9,762 | | | | 242,195 | |
| Analog Devices, Inc. | | | | 9,334 | | | | 260,045 | |
| Applied Materials, Inc. | | | | 42,088 | | | | 505,898 | |
| Broadcom Corp., Class A | | | | 13,639 | | | | 449,678 | |
| First Solar, Inc. | *† | | | 1,545 | | | | 175,867 | |
| Intel Corp. | | | | 172,817 | | | | 3,361,291 | |
| KLA-Tencor Corp. | | | | 5,280 | | | | 147,206 | |
| Linear Technology Corp. | † | | | 6,993 | | | | 194,475 | |
| LSI Corp. | * | | | 20,865 | | | | 95,979 | |
| MEMC Electronic Materials, Inc. | * | | | 7,818 | | | | 77,242 | |
| Microchip Technology, Inc. | † | | | 5,793 | | | | 160,698 | |
| Micron Technology, Inc. | * | | | 26,008 | | | | 220,808 | |
| National Semiconductor Corp. | † | | | 6,831 | | | | 91,945 | |
| Novellus Systems, Inc. | * | | | 3,043 | | | | 77,171 | |
| NVIDIA Corp. | * | | | 17,336 | | | | 177,001 | |
| Teradyne, Inc. | *† | | | 5,637 | | | | 54,961 | |
| Texas Instruments, Inc. | | | | 38,226 | | | | 889,901 | |
| Xilinx, Inc. | | | | 8,734 | | | | 220,621 | |
| | | | | | | | | | | | | | 7,533,197 | |
Software—2.7% |
| Adobe Systems, Inc. | * | | | 16,155 | | | | 426,977 | |
| Autodesk, Inc. | * | | | 6,736 | | | | 164,089 | |
| BMC Software, Inc. | * | | | 6,025 | | | | 208,646 | |
| CA, Inc. | | | | 12,611 | | | | 232,042 | |
| Citrix Systems, Inc. | * | | | 5,809 | | | | 245,314 | |
| Compuware Corp. | * | | | 7,461 | | | | 59,539 | |
| Electronic Arts, Inc. | * | | | 10,268 | | | | 147,859 | |
| Intuit, Inc. | * | | | 9,774 | | | | 339,842 | |
| McAfee, Inc. | * | | | 4,937 | | | | 151,665 | |
| Microsoft Corp. | | | | 236,958 | | | | 5,452,403 | |
| Novell, Inc. | * | | | 10,248 | | | | 58,209 | |
| Oracle Corp. | | | | 121,777 | | | | 2,613,334 | |
| Red Hat, Inc. | * | | | 6,085 | | | | 176,100 | |
| Salesforce.com, Inc. | *† | | | 3,490 | | | | 299,512 | |
| Symantec Corp. | * | | | 25,612 | | | | 355,494 | |
| | | | | | | | | | | | | | 10,931,025 | |
Specialty Retail—1.5% |
| Abercrombie & Fitch Co., Class A | | | | 3,035 | | | | 93,144 | |
| AutoNation, Inc. | *† | | | 2,441 | | | | 47,600 | |
| AutoZone, Inc. | * | | | 953 | | | | 184,139 | |
| Bed Bath & Beyond, Inc. | * | | | 8,364 | | | | 310,137 | |
| Best Buy Co., Inc. | | | | 10,493 | | | | 355,293 | |
| CarMax, Inc. | * | | | 5,527 | | | | 109,987 | |
| GameStop Corp., Class A | * | | | 5,533 | | | | 103,965 | |
| Gap, Inc. (The) | | | | 13,420 | | | | 261,153 | |
| Home Depot, Inc. | | | | 52,410 | | | | 1,471,149 | |
| Limited Brands, Inc. | | | | 8,544 | | | | 188,566 | |
| Lowe’s Cos., Inc. | | | | 44,767 | | | | 914,142 | |
| Office Depot, Inc. | * | | | 8,825 | | | | 35,653 | |
| O’Reilly Automotive, Inc. | * | | | 4,401 | | | | 209,312 | |
| RadioShack Corp. | | | | 4,119 | | | | 80,362 | |
| Ross Stores, Inc. | | | | 3,760 | | | | 200,370 | |
| Staples, Inc. | | | | 22,945 | | | | 437,102 | |
| Tiffany & Co. | | | | 3,718 | | | | 140,949 | |
| TJX Cos., Inc. | | | | 12,830 | | | | 538,219 | |
| Urban Outfitters, Inc. | * | | | 3,967 | | | | 136,425 | |
| | | | | | | | | | | | | | 5,817,667 | |
Textiles, Apparel & Luxury Goods—0.4% |
| Coach, Inc. | | | | 9,702 | | | | 354,608 | |
| NIKE, Inc., Class B | | | | 12,083 | | | | 816,207 | |
| Polo Ralph Lauren Corp. | | | | 1,658 | | | | 120,968 | |
| V.F. Corp. | | | | 2,731 | | | | 194,392 | |
| | | | | | | | | | | | | | 1,486,175 | |
Thrifts & Mortgage Finance—0.1% |
| Hudson City Bancorp, Inc. | | | | 15,238 | | | | 186,513 | |
| People’s United Financial, Inc. | | | | 11,283 | | | | 152,321 | |
| | | | | | | | | | | | | | 338,834 | |
Tobacco—1.1% |
| Altria Group, Inc. | | | | 64,531 | | | | 1,293,201 | |
| Lorillard, Inc. | | | | 4,808 | | | | 346,080 | |
| Philip Morris International, Inc. | | | | 57,830 | | | | 2,650,927 | |
| Reynolds American, Inc. | | | | 5,279 | | | | 275,142 | |
| | | | | | | | | | | | | | 4,565,350 | |
Trading Companies & Distributors—0.1% |
| Fastenal Co. | † | | | 4,042 | | | | 202,868 | |
| W.W. Grainger, Inc. | | | | 1,989 | | | | 197,806 | |
| | | | | | | | | | | | | | 400,674 | |
Wireless Telecommunication Services—0.3% |
American Tower Corp.,
Class A | * | | | 12,386 | | | | 551,177 | |
| MetroPCS Communications, Inc. | * | | | 8,126 | | | | 66,552 | |
| Sprint Nextel Corp. | * | | | 92,420 | | | | 391,861 | |
| | | | | | | | | | 1,009,590 | |
TOTAL COMMON STOCKS |
| (Cost $309,575,840) | | 289,602,115 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
U.S. TREASURY OBLIGATIONS—16.3% |
U.S. Treasury Bills—0.7% |
| U.S. Treasury Bill |
| 0.110% | | | | 09/09/2010 | | ‡‡ | | $ | 2,730,000 | | | | 2,729,230 | |
U.S. Treasury Bonds—15.6% |
| U.S. Treasury Bond |
| 8.750% | | | | 08/15/2020 | | | | | 766,000 | | | | 1,148,521 | |
| 8.000% | | | | 11/15/2021 | | | | | 1,551,000 | | | | 2,255,978 | |
| 7.875% | | | | 02/15/2021 | | | | | 2,091,000 | | | | 2,993,398 | |
| 7.625% | | | | 02/15/2025 | | | | | 557,000 | | | | 818,355 | |
| 7.250% | | | | 08/15/2022 | | | | | 1,648,000 | | | | 2,296,386 | |
| 7.125% | | | | 02/15/2023 | | | | | 1,692,000 | | | | 2,342,892 | |
| 6.875% | | | | 08/15/2025 | | | | | 810,000 | | | | 1,124,001 | |
| 6.625% | | | | 02/15/2027 | | | | | 863,000 | | | | 1,188,108 | |
| 6.500% | | | | 11/15/2026 | | | | | 758,000 | | | | 1,029,933 | |
| 6.250% | | | | 08/15/2023–
05/15/2030 | | | | |
5,218,000 | | | |
6,893,122 | |
| 6.125% | | | | 11/15/2027–
08/15/2029 | | | | | 2,833,000 | | | | 3,736,898 | |
| 6.000% | | | | 02/15/2026 | | | | | 1,021,000 | | | | 1,315,814 | |
| 5.500% | | | | 08/15/2028 | | | | | 772,000 | | | | 954,505 | |
| 5.375% | | | | 02/15/2031 | | | | | 1,454,000 | | | | 1,789,102 | |
| 5.250% | | | | 11/15/2028–
02/15/2029 | | | | |
1,506,000 | | | |
1,812,729 | |
See accompanying notes to financial statements.
126
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Asset Allocation Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
U.S. TREASURY OBLIGATIONS—(Continued) |
| 5.000% | | | | 05/15/2037 | | | | $ | 965,000 | | | $ | 1,150,310 | |
| 4.750% | | | | 02/15/2037 | | | | | 661,000 | | | | 759,014 | |
| 4.625% | | | | 02/15/2040 | | | | | 5,700,000 | | | | 6,408,048 | |
| 4.500% | | | | 02/15/2036–
08/15/2039 | | | | | 8,710,000 | | | | 9,606,918 | |
| 4.375% | | | | 02/15/2038–
05/15/2040 | | | | | 7,633,000 | | | | 8,247,903 | |
| 4.250% | | | | 05/15/2039 | | | | | 2,250,000 | | | | 2,379,375 | |
| 3.500% | | | | 02/15/2039 | | | | | 2,464,000 | | | | 2,289,211 | |
| | | | | | | | | 62,540,521 | |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $61,076,860) | | | | | | 65,269,751 | |
| |
COMMERCIAL PAPER—9.2% |
Commercial Banks—5.3% |
| Commerzbank US Finance, Inc. | | | |
| 0.430% | | | | 07/15/2010 | | | | | 10,000,000 | | | | 9,998,208 | |
| Royal Bank of Scotland plc (The) (United Kingdom) | | | |
| 0.450% | | | | 08/23/2010 | | | | | 11,000,000 | | | | 10,992,502 | |
| | | | | | | | | 20,990,710 | |
Consumer Finance—0.4% |
| Santander Central Hispano Finance Delaware, Inc. |
| 0.280% | | | | 07/22/2010 | | | | | 1,600,000 | | | | 1,599,665 | |
Diversified Financial Services—3.5% |
| Bank of America Corp. | | | |
| 0.370% | | | | 08/06/2010 | | | | | 14,000,000 | | | | 13,994,677 | |
TOTAL COMMERCIAL PAPER |
| (Cost $36,585,599) | | | | | | �� | | 36,585,052 | |
| |
| | | | | | | | | | Shares | | | | Value | |
CASH EQUIVALENTS—3.4% |
Institutional Money Market Funds—3.4% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 1,000,000 | | | | 1,000,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 7,315,521 | | | | 7,315,521 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 632,130 | | | | 632,130 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 1,200,000 | | | | 1,200,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 1,200,000 | | | | 1,200,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 1,200,000 | | | | 1,200,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 1,200,000 | | | | 1,200,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $13,747,651) | | | | | | 13,747,651 | |
TOTAL INVESTMENTS—101.5% | | | |
| (Cost $420,985,950) | | 405,204,569 | |
| Other assets less liabilities—(1.5%) | | (6,077,873 | ) |
NET ASSETS—100.0% | $ | 399,126,696 | |
Notes to the Schedule of Investments:
|
| REIT | | | | Real Estate Investment Trust |
| * | | | | Non-income producing. |
| † | | | | Denotes all or a portion of the security on loan. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
127
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint
Equity Income Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—92.1% |
Aerospace & Defense—2.7% |
| Boeing Co. (The) | | | | 74,400 | | | $ | 4,668,600 | |
| Honeywell International, Inc. | | | | 401,400 | | | | 15,666,642 | |
| ITT Corp. | | | | 55,800 | | | | 2,506,536 | |
| L-3 Communications Holdings, Inc. | | | | 60,200 | | | | 4,264,568 | |
| Lockheed Martin Corp. | | | | 41,000 | | | | 3,054,500 | |
| Raytheon Co. | | | | 187,900 | | | | 9,092,481 | |
| | | | | | | | | | | | | | 39,253,327 | |
Air Freight & Logistics—1.2% |
| FedEx Corp. | | | | 168,600 | | | | 11,820,546 | |
| United Parcel Service, Inc., Class B | | | | 90,800 | | | | 5,165,612 | |
| | | | | | | | | | | | | | 16,986,158 | |
Automobiles—0.1% |
| Harley-Davidson, Inc. | † | | | 93,500 | | | | 2,078,505 | |
Biotechnology—0.2% |
| Amgen, Inc. | * | | | 55,900 | | | | 2,940,340 | |
Building Products—0.3% |
| Masco Corp. | † | | | 249,900 | | | | 2,688,924 | |
| USG Corp. | *† | | | 86,500 | | | | 1,044,920 | |
| | | | | | | | | | | | | | 3,733,844 | |
Capital Markets—2.9% |
| Bank of New York Mellon Corp. (The) | | | | 1,208,400 | | | | 29,835,396 | |
| Legg Mason, Inc. | † | | | 156,000 | | | | 4,372,680 | |
| State Street Corp. | | | | 242,400 | | | | 8,197,968 | |
| | | | | | | | | | | | | | 42,406,044 | |
Chemicals—1.5% |
| E.I. Du Pont de Nemours & Co. | | | | 396,246 | | | | 13,706,149 | |
| International Flavors & Fragrances, Inc. | | | | 96,700 | | | | 4,102,014 | |
| Monsanto Co. | | | | 98,400 | | | | 4,548,048 | |
| | | | | | | | | | | | | | 22,356,211 | |
Commercial Banks—2.9% |
| KeyCorp | † | | | 302,800 | | | | 2,328,532 | |
| Marshall & Ilsley Corp. | | | | 171,300 | | | | 1,229,934 | |
| PNC Financial Services Group, Inc. | | | | 182,800 | | | | 10,328,200 | |
| Regions Financial Corp. | | | | 281,800 | | | | 1,854,244 | |
| SunTrust Banks, Inc. | | | | 168,500 | | | | 3,926,050 | |
| U.S. Bancorp | | | | 339,900 | | | | 7,596,765 | |
| Wells Fargo & Co. | | | | 608,600 | | | | 15,580,160 | |
| | | | | | | | | | | | | | 42,843,885 | |
Commercial Services & Supplies—0.5% |
| Avery Dennison Corp. | † | | | 93,700 | | | | 3,010,581 | |
| Pitney Bowes, Inc. | † | | | 202,600 | | | | 4,449,096 | |
| | | | | | | | | | | | | | 7,459,677 | |
Communications Equipment—0.4% |
| Cisco Systems, Inc. | * | | | 87,900 | | | | 1,873,149 | |
| Nokia Oyj ADR (Finland) | † | | | 524,400 | | | | 4,273,860 | |
| | | | | | | | | | | | | | 6,147,009 | |
Computers & Peripherals—3.1% |
| Dell, Inc. | * | | | 3,067,700 | | | | 36,996,462 | |
| Hewlett-Packard Co. | | | | 203,700 | | | | 8,816,136 | |
| | | | | | | | | | | | | | 45,812,598 | |
Construction Materials—1.7% |
| Cemex SAB de CV ADR (Mexico) | * | | | 2,225,518 | | | | 21,520,759 | |
| Vulcan Materials Co. | | | | 88,700 | | | | 3,887,721 | |
| | | | | | | | | | | | | | 25,408,480 | |
Consumer Finance—3.1% |
| American Express Co. | | | | 621,100 | | | | 24,657,670 | |
| Capital One Financial Corp. | | | | 297,200 | | | | 11,977,160 | |
| SLM Corp. | * | | | 914,400 | | | | 9,500,616 | |
| | | | | | | | | | | | | | 46,135,446 | |
Distributors—0.2% |
| Genuine Parts Co. | † | | | 57,652 | | | | 2,274,371 | |
Diversified Consumer Services—0.1% |
| H&R Block, Inc. | | | | 92,300 | | | | 1,448,187 | |
Diversified Financial Services—3.7% |
| Bank of America Corp. | | | | 1,227,406 | | | | 17,637,824 | |
| Citigroup, Inc. | * | | | 2,066,200 | | | | 7,768,912 | |
| JPMorgan Chase & Co. | | | | 718,000 | | | | 26,285,980 | |
| NYSE Euronext | | | | 106,200 | | | | 2,934,306 | |
| | | | | | | | | | | | | | 54,627,022 | |
Diversified Telecommunication Services—5.6% |
| AT&T, Inc. | | | | 800,742 | | | | 19,369,949 | |
| Level 3 Communications, Inc. | *† | | | 16,464,000 | | | | 17,945,760 | |
| Qwest Communications International, Inc. | | | | 705,100 | | | | 3,701,775 | |
| tw telecom inc. | * | | | 1,592,991 | | | | 26,571,090 | |
| Verizon Communications, Inc. | | | | 543,341 | | | | 15,224,415 | |
| | | | | | | | | | | | | | 82,812,989 | |
Electric Utilities—2.1% |
| Duke Energy Corp. | | | | 199,800 | | | | 3,196,800 | |
| Entergy Corp. | | | | 175,500 | | | | 12,569,310 | |
| Exelon Corp. | | | | 129,800 | | | | 4,928,506 | |
| FirstEnergy Corp. | | | | 45,000 | | | | 1,585,350 | |
| Pinnacle West Capital Corp. | | | | 72,000 | | | | 2,617,920 | |
| PPL Corp. | | | | 111,800 | | | | 2,789,410 | |
| Progress Energy, Inc. | | | | 95,000 | | | | 3,725,900 | |
| | | | | | | | | | | | | | 31,413,196 | |
Electrical Equipment—1.0% |
| Cooper Industries plc | | | | 75,900 | | | | 3,339,600 | |
| Emerson Electric Co. | † | | | 263,400 | | | | 11,507,946 | |
| | | | | | | | | | | | | | 14,847,546 | |
Energy Equipment & Services—0.5% |
| Baker Hughes, Inc. | | | | 29,800 | | | | 1,238,786 | |
| Schlumberger Ltd. | | | | 99,700 | | | | 5,517,398 | |
| | | | | | | | | | | | | | 6,756,184 | |
Food & Staples Retailing—0.8% |
| Walgreen Co. | | | | 362,900 | | | | 9,689,430 | |
| Wal-Mart Stores, Inc. | | | | 36,500 | | | | 1,754,555 | |
| | | | | | | | | | | | | | 11,443,985 | |
|
See accompanying notes to financial statements.
128
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Equity Income Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—(Continued) |
| |
Food Products—2.0% |
| Archer-Daniels-Midland Co. | | | | 44,700 | | | $ | 1,154,154 | |
| Campbell Soup Co. | | | | 421,400 | | | | 15,098,762 | |
| Hershey Co. (The) | | | | 173,200 | | | | 8,301,476 | |
| Kraft Foods, Inc., Class A | | | | 113,400 | | | | 3,175,200 | |
| McCormick & Co., Inc. | † | | | 57,700 | | | | 2,190,292 | |
| | | | | | | | | | | | | | 29,919,884 | |
Health Care Equipment & Supplies—0.8% |
| Baxter International, Inc. | | | | 182,500 | | | | 7,416,800 | |
| Medtronic, Inc. | | | | 117,300 | | | | 4,254,471 | |
| | | | | | | | | | | | | | 11,671,271 | |
Health Care Providers & Services—1.3% |
| UnitedHealth Group, Inc. | | | | 312,500 | | | | 8,875,000 | |
| WellPoint, Inc. | * | | | 214,100 | | | | 10,475,913 | |
| | | | | | | | | | | | | | 19,350,913 | |
Hotels, Restaurants & Leisure—3.5% |
| Carnival Corp. | | | | 291,200 | | | | 8,805,888 | |
| Marriott International, Inc., Class A | | | | 119,488 | | | | 3,577,471 | |
| MGM Resorts International | *† | | | 137,400 | | | | 1,324,536 | |
| Yum! Brands, Inc. | | | | 981,000 | | | | 38,298,240 | |
| | | | | | | | | | | | | | 52,006,135 | |
Household Durables—1.8% |
| D.R. Horton, Inc. | | | | 84,700 | | | | 832,601 | |
| Fortune Brands, Inc. | † | | | 151,300 | | | | 5,927,934 | |
| Stanley Black & Decker, Inc. | | | | 278,500 | | | | 14,069,820 | |
| Whirlpool Corp. | | | | 56,600 | | | | 4,970,612 | |
| | | | | | | | | | | | | | 25,800,967 | |
Household Products—0.4% |
| Kimberly-Clark Corp. | | | | 87,059 | | | | 5,278,387 | |
Independent Power Producers & Energy Traders—0.2% |
| Constellation Energy Group, Inc. | | | | 72,900 | | | | 2,351,025 | |
| NRG Energy, Inc. | * | | | 58,500 | | | | 1,240,785 | |
| | | | | | | | | | | | | | 3,591,810 | |
Industrial Conglomerates—3.1% |
| 3M Co. | | | | 201,200 | | | | 15,892,788 | |
| General Electric Co. | | | | 1,140,800 | | | | 16,450,336 | |
| Koninklijke Philips Electronics NV NYRS (Netherlands) | | | | 425,000 | | | | 12,682,000 | |
| | | | | | | | | | | | | | 45,025,124 | |
Insurance—6.1% |
| Allstate Corp. (The) | | | | 236,700 | | | | 6,800,391 | |
| AON Corp. | | | | 650,141 | | | | 24,133,234 | |
| Chubb Corp. | | | | 43,600 | | | | 2,180,436 | |
| Fairfax Financial Holdings Ltd. (Canada) | † | | | 93,600 | | | | 34,698,456 | |
| Lincoln National Corp. | | | | 150,490 | | | | 3,655,402 | |
| Marsh & McLennan Cos., Inc. | | | | 234,000 | | | | 5,276,700 | |
| Progressive Corp. (The) | | | | 115,100 | | | | 2,154,672 | |
| Sun Life Financial, Inc. (Canada) | | | | 118,200 | | | | 3,109,842 | |
| Travelers Cos., Inc. (The) | | | | 159,306 | | | | 7,845,821 | |
| | | | | | | | | | | | | | 89,854,954 | |
Internet & Catalog Retail—1.0% |
| Liberty Media Corp.— Interactive, Series A | * | | | 1,462,500 | | | | 15,356,250 | |
Internet Software & Services—0.2% |
| eBay, Inc. | * | | | 132,900 | | | | 2,606,169 | |
IT Services—1.2% |
| Computer Sciences Corp. | | | | 87,600 | | | | 3,963,900 | |
| International Business Machines Corp. | | | | 104,800 | | | | 12,940,704 | |
| | | | | | | | | | | | | | 16,904,604 | |
Leisure Equipment & Products—0.3% |
| Mattel, Inc. | | | | 192,800 | | | | 4,079,648 | |
Machinery—2.3% |
| Deere & Co. | | | | 82,100 | | | | 4,571,328 | |
| Dover Corp. | | | | 180,700 | | | | 7,551,453 | |
| Eaton Corp. | | | | 26,200 | | | | 1,714,528 | |
| Illinois Tool Works, Inc. | | | | 468,700 | | | | 19,347,936 | |
| Pall Corp. | | | | 20,500 | | | | 704,585 | |
| | | | | | | | | | | | | | 33,889,830 | |
Media—6.8% |
| Cablevision Systems Corp., Class A | | | | 145,500 | | | | 3,493,455 | |
| Comcast Corp., Class A | | | | 111,800 | | | | 1,941,966 | |
| DIRECTV, Class A | * | | | 1,280,276 | | | | 43,426,962 | |
| Madison Square Garden, Inc., Class A | * | | | 36,300 | | | | 714,021 | |
| McGraw-Hill Cos., Inc. (The) | | | | 169,900 | | | | 4,780,986 | |
| New York Times Co. (The), Class A | * | | | 213,300 | | | | 1,845,045 | |
| Time Warner, Inc. | | | | 252,533 | | | | 7,300,729 | |
| Walt Disney Co. (The) | | | | 1,135,100 | | | | 35,755,650 | |
| WPP plc (United Kingdom) | | | | 162,700 | | | | 1,532,713 | |
| | | | | | | | | | | | | | 100,791,527 | |
Metals & Mining—0.4% |
| Alcoa, Inc. | | | | 141,200 | | | | 1,420,472 | |
| Nucor Corp. | | | | 122,900 | | | | 4,704,612 | |
| | | | | | | | | | | | | | 6,125,084 | |
Multiline Retail—0.4% |
| J.C. Penney Co., Inc. | | | | 200,300 | | | | 4,302,444 | |
| Macy’s, Inc. | | | | 102,200 | | | | 1,829,380 | |
| | | | | | | | | | | | | | 6,131,824 | |
Multi-Utilities—1.6% |
| CenterPoint Energy, Inc. | | | | 93,700 | | | | 1,233,092 | |
| Dominion Resources, Inc. | | | | 267,000 | | | | 10,343,580 | |
| NiSource, Inc. | | | | 285,500 | | | | 4,139,750 | |
| PG&E Corp. | | | | 73,000 | | | | 3,000,300 | |
| TECO Energy, Inc. | | | | 67,700 | | | | 1,020,239 | |
| Xcel Energy, Inc. | | | | 175,100 | | | | 3,608,811 | |
| | | | | | | | | | | | | | 23,345,772 | |
Oil, Gas & Consumable Fuels—11.2% |
| Anadarko Petroleum Corp. | | | | 91,000 | | | | 3,284,190 | |
| BP plc ADR (United Kingdom) | | | | 286,598 | | | | 8,276,950 | |
| Chesapeake Energy Corp. | | | | 1,559,000 | | | | 32,661,050 | |
| Chevron Corp. | | | | 177,358 | | | | 12,035,514 | |
| ConocoPhillips | | | | 259,800 | | | | 12,753,582 | |
| Exxon Mobil Corp. | | | | 175,060 | | | | 9,990,674 | |
|
See accompanying notes to financial statements.
129
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
| Marathon Oil Corp. | | | | 364,600 | | | $ | 11,335,414 | |
| Murphy Oil Corp. | | | | 125,500 | | | | 6,218,525 | |
| Occidental Petroleum Corp. | | | | 220,400 | | | | 17,003,860 | |
| Pioneer Natural Resources Co. | | | | 527,000 | | | | 31,330,150 | |
| Royal Dutch Shell plc, Class A ADR (Netherlands) | | | | 166,881 | | | | 8,380,764 | |
| Spectra Energy Corp. | | | | 454,912 | | | | 9,130,084 | |
| Sunoco, Inc. | | | | 91,300 | | | | 3,174,501 | |
| | | | | | | | | | | | | | 165,575,258 | |
Paper & Forest Products—0.7% |
| International Paper Co. | | | | 257,100 | | | | 5,818,173 | |
| MeadWestvaco Corp. | | | | 117,400 | | | | 2,606,280 | |
| Weyerhaeuser Co. | | | | 43,700 | | | | 1,538,240 | |
| | | | | | | | | | | | | | 9,962,693 | |
Pharmaceuticals—3.9% |
| Bristol-Myers Squibb Co. | | | | 696,700 | | | | 17,375,698 | |
| Eli Lilly & Co. | | | | 127,100 | | | | 4,257,850 | |
| Johnson & Johnson | | | | 242,600 | | | | 14,327,956 | |
| Merck & Co., Inc. | | | | 165,600 | | | | 5,791,032 | |
| Pfizer, Inc. | | | | 1,050,387 | | | | 14,978,519 | |
| | | | | | | | | | | | | | 56,731,055 | |
Semiconductors & Semiconductor Equipment—2.3% |
| Analog Devices, Inc. | | | | 153,200 | | | | 4,268,152 | |
| Applied Materials, Inc. | | | | 793,000 | | | | 9,531,860 | |
| Intel Corp. | | | | 651,900 | | | | 12,679,455 | |
| Texas Instruments, Inc. | | | | 322,600 | | | | 7,510,128 | |
| | | | | | | | | | | | | | 33,989,595 | |
Software—2.5% |
| Electronic Arts, Inc. | * | | | 110,400 | | | | 1,589,760 | |
| Microsoft Corp. | | | | 716,700 | | | | 16,491,267 | |
| Symantec Corp. | * | | | 1,387,000 | | | | 19,251,560 | |
| | | | | | | | | | | | | | 37,332,587 | |
Specialty Retail—1.6% |
| Bed Bath & Beyond, Inc. | * | | | 122,000 | | | | 4,523,760 | |
| Home Depot, Inc. | | | | 602,300 | | | | 16,906,561 | |
| Tiffany & Co. | | | | 56,600 | | | | 2,145,706 | |
| | | | | | | | | | | | | | 23,576,027 | |
Tobacco—1.7% |
| Altria Group, Inc. | | | | 243,300 | | | | 4,875,732 | |
| Imperial Tobacco Group plc ADR (United Kingdom) | | | | 189,700 | | | | 10,568,187 | |
| Philip Morris International, Inc. | | | | 197,300 | | | | 9,044,232 | |
| | | | | | | | | | | | | | 24,488,151 | |
Wireless Telecommunication Services—0.2% |
| Sprint Nextel Corp. | * | | | 319,400 | | | | 1,354,256 | |
| Vodafone Group plc (United Kingdom) | | | | 946,300 | | | | 1,949,844 | |
| | | | | | | | | | | | | | 3,304,100 | |
TOTAL COMMON STOCKS |
| (Cost $1,439,558,344) | | | | | | 1,355,874,623 | |
| |
CASH EQUIVALENTS—12.6% |
Institutional Money Market Funds—12.6% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 9,320,000 | | | | 9,320,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 127,635,908 | | | | 127,635,908 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 14,199,737 | | | | 14,199,737 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 10,000,000 | | | | 10,000,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 10,000,000 | | | | 10,000,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 7,753,000 | | | | 7,753,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 7,073,000 | | | | 7,073,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $185,981,645) | | | | | | 185,981,645 | |
TOTAL INVESTMENTS—104.7% | | | |
| (Cost $1,625,539,989) | | 1,541,856,268 | |
| Other assets less liabilities—(4.7%) | | (68,664,560 | ) |
NET ASSETS—100.0% | $ | 1,473,191,708 | |
| |
Notes to the Schedule of Investments:
|
| ADR | | | | American Depositary Receipt |
| NYRS | | | | New York Registry Shares |
| † | | | | Denotes all or a portion of the security on loan. |
| * | | | | Non-income producing. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
130
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
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COMMON STOCKS—96.5% |
Aerospace & Defense—1.1% |
| European Aeronautic Defence and Space Co. NV ADR (Netherlands) | *† | | | 220,700 | | | $ | 4,502,280 | |
| Honeywell International, Inc. | | | | 6,100 | | | | 238,083 | |
| Precision Castparts Corp. | | | | 35,800 | | | | 3,684,536 | |
| United Technologies Corp. | | | | 37,700 | | | | 2,447,107 | |
| | | | | | | | | | | | | | 10,872,006 | |
Air Freight & Logistics—1.7% |
| Expeditors International of Washington, Inc. | | | | 57,700 | | | | 1,991,227 | |
| FedEx Corp. | | | | 13,200 | | | | 925,452 | |
| United Parcel Service, Inc., Class B | | | | 232,000 | | | | 13,198,480 | |
| | | | | | | | | | | | | | 16,115,159 | |
Auto Components—0.1% |
| Johnson Controls, Inc. | | | | 32,000 | | | | 859,840 | |
Automobiles—0.2% |
| Ford Motor Co. | * | | | 235,400 | | | | 2,372,832 | |
Beverages—2.4% |
| Coca-Cola Co. (The) | | | | 300 | | | | 15,036 | |
| Diageo plc ADR (United Kingdom) | † | | | 216,500 | | | | 13,583,210 | |
| Molson Coors Brewing Co., Class B | | | | 99,400 | | | | 4,210,584 | |
| PepsiCo, Inc. | | | | 87,200 | | | | 5,314,840 | |
| | | | | | | | | | | | | | 23,123,670 | |
Biotechnology—1.0% |
| Amgen, Inc. | * | | | 87,400 | | | | 4,597,240 | |
| Celgene Corp. | * | | | 80,100 | | | | 4,070,682 | |
| Gilead Sciences, Inc. | * | | | 22,400 | | | | 767,872 | |
| Vertex Pharmaceuticals, Inc. | * | | | 12,800 | | | | 421,120 | |
| | | | | | | | | | | | | | 9,856,914 | |
Capital Markets—5.2% |
| Ameriprise Financial, Inc. | | | | 135,200 | | | | 4,884,776 | |
| Bank of New York Mellon Corp. (The) | | | | 769,193 | | | | 18,991,375 | |
| Charles Schwab Corp. (The) | | | | 90,000 | | | | 1,276,200 | |
| Credit Suisse Group AG (Registered) (Switzerland) | | | | 13,725 | | | | 516,022 | |
| Credit Suisse Group AG ADR (Switzerland) | † | | | 113,000 | | | | 4,229,590 | |
| Franklin Resources, Inc. | | | | 64,100 | | | | 5,524,779 | |
| Goldman Sachs Group, Inc. (The) | | | | 55,400 | | | | 7,272,358 | |
| Invesco Ltd. | † | | | 306,200 | | | | 5,153,346 | |
| Morgan Stanley | | | | 45,100 | | | | 1,046,771 | |
| Northern Trust Corp. | | | | 43,400 | | | | 2,026,780 | |
| State Street Corp. | | | | 3,200 | | | | 108,224 | |
| TD Ameritrade Holding Corp. | * | | | 8,000 | | | | 122,400 | |
| | | | | | | | | | | | | | 51,152,621 | |
Chemicals—2.4% |
| Dow Chemical Co. (The) | | | | 162,400 | | | | 3,852,128 | |
| Ecolab, Inc. | † | | | 3,200 | | | | 143,712 | |
| Monsanto Co. | | | | 193,250 | | | | 8,932,015 | |
| Mosaic Co. (The) | | | | 87,600 | | | | 3,414,648 | |
| Praxair, Inc. | | | | 71,100 | | | | 5,402,889 | |
| Sherwin-Williams Co. (The) | | | | 27,600 | | | | 1,909,644 | |
| | | | | | | | | | | | | | 23,655,036 | |
Commercial Banks—3.0% |
| PNC Financial Services Group, Inc. | | | | 146,500 | | | | 8,277,250 | |
| U.S. Bancorp | | | | 102,900 | | | | 2,299,815 | |
| Wells Fargo & Co. | | | | 719,000 | | | | 18,406,400 | |
| | | | | | | | | | | | | | 28,983,465 | |
Commercial Services & Supplies—1.6% |
| Cintas Corp. | | | | 477,000 | | | | 11,433,690 | |
| Waste Management, Inc. | | | | 139,800 | | | | 4,374,342 | |
| | | | | | | | | | | | | | 15,808,032 | |
Communications Equipment—2.0% |
| Cisco Systems, Inc. | * | | | 383,600 | | | | 8,174,516 | |
| Juniper Networks, Inc. | * | | | 164,300 | | | | 3,749,326 | |
| QUALCOMM, Inc. | | | | 232,600 | | | | 7,638,584 | |
| | | | | | | | | | | | | | 19,562,426 | |
Computers & Peripherals—3.1% |
| Apple, Inc. | * | | | 92,200 | | | | 23,191,066 | |
| EMC Corp. | * | | | 82,000 | | | | 1,500,600 | |
| Hewlett-Packard Co. | | | | 125,300 | | | | 5,422,984 | |
| | | | | | | | | | | | | | 30,114,650 | |
Consumer Finance—1.6% |
| American Express Co. | | | | 386,500 | | | | 15,344,050 | |
Containers & Packaging—0.4% |
| Rexam plc ADR (United Kingdom) | | | | 179,700 | | | | 4,057,626 | |
Diversified Financial Services—3.1% |
| Bank of America Corp. | | | | 485,700 | | | | 6,979,509 | |
| CME Group, Inc. | | | | 700 | | | | 197,085 | |
| IntercontinentalExchange, Inc. | * | | | 28,400 | | | | 3,210,052 | |
| JPMorgan Chase & Co. | | | | 490,008 | | | | 17,939,193 | |
| NYSE Euronext | | | | 54,700 | | | | 1,511,361 | |
| | | | | | | | | | | | | | 29,837,200 | |
Diversified Telecommunication Services—1.0% |
| AT&T, Inc. | | | | 383,006 | | | | 9,264,915 | |
Electric Utilities—1.3% |
| Edison International | | | | 128,400 | | | | 4,072,848 | |
| Entergy Corp. | | | | 67,800 | | | | 4,855,836 | |
| Northeast Utilities | | | | 146,900 | | | | 3,743,012 | |
| | | | | | | | | | | | | | 12,671,696 | |
Electrical Equipment—0.5% |
| Emerson Electric Co. | | | | 65,200 | | | | 2,848,588 | |
| Rockwell Automation, Inc. | † | | | 36,200 | | | | 1,777,058 | |
| | | | | | | | | | | | | | 4,625,646 | |
Electronic Equipment, Instruments & Components—1.3% |
| Corning, Inc. | | | | 35,700 | | | | 576,555 | |
| Tyco Electronics Ltd. (Switzerland) | | | | 486,700 | | | | 12,352,446 | |
| | | | | | | | | | | | | | 12,929,001 | |
See accompanying notes to financial statements.
131
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
Energy Equipment & Services—2.3% |
| Baker Hughes, Inc. | † | | | 78,700 | | | $ | 3,271,559 | |
| Cameron International Corp. | * | | | 31,800 | | | | 1,034,136 | |
| FMC Technologies, Inc. | * | | | 30,300 | | | | 1,595,598 | |
| Schlumberger Ltd. | | | | 228,100 | | | | 12,623,054 | |
| Weatherford International Ltd. (Switzerland) | * | | | 308,200 | | | | 4,049,748 | |
| | | | | | | | | | | | | | 22,574,095 | |
Food & Staples Retailing—3.4% |
| CVS Caremark Corp. | | | | 132,300 | | | | 3,879,036 | |
| Sysco Corp. | | | | 507,625 | | | | 14,502,846 | |
| Wal-Mart Stores, Inc. | | | | 315,075 | | | | 15,145,656 | |
| | | | | | | | | | | | | | 33,527,538 | |
Food Products—3.2% |
| Archer-Daniels-Midland Co. | | | | 142,100 | | | | 3,669,022 | |
| Dean Foods Co. | * | | | 287,200 | | | | 2,892,104 | |
| General Mills, Inc. | | | | 103,600 | | | | 3,679,872 | |
| Kraft Foods, Inc., Class A | | | | 201,800 | | | | 5,650,400 | |
| Nestle SA ADR (Switzerland) | | | | 322,625 | | | | 15,563,430 | |
| | | | | | | | | | | | | | 31,454,828 | |
Health Care Equipment & Supplies—3.8% |
| Becton Dickinson and Co. | | | | 1,300 | | | | 87,906 | |
| CareFusion Corp. | * | | | 272,900 | | | | 6,194,830 | |
| Covidien plc (Ireland) | | | | 256,700 | | | | 10,314,206 | |
| DENTSPLY International, Inc. | † | | | 390,500 | | | | 11,679,855 | |
| Intuitive Surgical, Inc. | * | | | 3,500 | | | | 1,104,670 | |
| Medtronic, Inc. | | | | 3,200 | | | | 116,064 | |
| St. Jude Medical, Inc. | * | | | 35,900 | | | | 1,295,631 | |
| Stryker Corp. | | | | 45,500 | | | | 2,277,730 | |
| Zimmer Holdings, Inc. | * | | | 65,300 | | | | 3,529,465 | |
| | | | | | | | | | | | | | 36,600,357 | |
Health Care Providers & Services—3.2% |
| AmerisourceBergen Corp. | | | | 335,450 | | | | 10,650,538 | |
| Cardinal Health, Inc. | | | | 3,200 | | | | 107,552 | |
| Express Scripts, Inc. | * | | | 154,700 | | | | 7,273,994 | |
| McKesson Corp. | | | | 55,700 | | | | 3,740,812 | |
| Medco Health Solutions, Inc. | * | | | 92,700 | | | | 5,105,916 | |
| UnitedHealth Group, Inc. | | | | 165,100 | | | | 4,688,840 | |
| WellPoint, Inc. | * | | | 100 | | | | 4,893 | |
| | | | | | | | | | | | | | 31,572,545 | |
Health Care Technology—0.1% |
| Cerner Corp. | *† | | | 7,100 | | | | 538,819 | |
Hotels, Restaurants & Leisure—2.2% |
| Carnival Corp. | | | | 77,000 | | | | 2,328,480 | |
| Darden Restaurants, Inc. | | | | 107,700 | | | | 4,184,145 | |
| Marriott International, Inc., Class A | | | | 139,771 | | | | 4,184,744 | |
| McDonald’s Corp. | | | | 46,600 | | | | 3,069,542 | |
| Starbucks Corp. | | | | 179,300 | | | | 4,356,990 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 43,400 | | | | 1,798,062 | |
| Wynn Macau Ltd. (Macau) | * | | | 321,600 | | | | 524,444 | |
| Wynn Resorts Ltd. | | | | 8,400 | | | | 640,668 | |
| | | | | | | | | | | | | | 21,087,075 | |
Household Durables—0.4% |
| Stanley Black & Decker, Inc. | | | | 81,800 | | | | 4,132,536 | |
Household Products—1.5% |
| Kimberly-Clark Corp. | | | | 207,000 | | | | 12,550,410 | |
| Procter & Gamble Co. (The) | | | | 39,575 | | | | 2,373,708 | |
| | | | | | | | | | | | | | 14,924,118 | |
Industrial Conglomerates—5.5% |
| 3M Co. | | | | 260,325 | | | | 20,563,072 | |
| General Electric Co. | | | | 648,300 | | | | 9,348,486 | |
| McDermott International, Inc. | * | | | 48,200 | | | | 1,044,012 | |
| Textron, Inc. | † | | | 208,900 | | | | 3,545,033 | |
| Tyco International Ltd. (Switzerland) | | | | 555,200 | | | | 19,559,696 | |
| | | | | | | | | | | | | | 54,060,299 | |
Insurance—3.3% |
| ACE Ltd. (Switzerland) | | | | 54,900 | | | | 2,826,252 | |
| Berkshire Hathaway, Inc., Class B | * | | | 215,000 | | | | 17,133,350 | |
| Marsh & McLennan Cos., Inc. | | | | 165,100 | | | | 3,723,005 | |
| Principal Financial Group, Inc. | | | | 155,500 | | | | 3,644,920 | |
| Prudential Financial, Inc. | | | | 21,700 | | | | 1,164,422 | |
| Unum Group | | | | 154,800 | | | | 3,359,160 | |
| | | | | | | | | | | | | | 31,851,109 | |
Internet & Catalog Retail—1.4% |
| Amazon.com, Inc. | * | | | 101,000 | | | | 11,035,260 | |
| Expedia, Inc. | | | | 27,600 | | | | 518,328 | |
| Liberty Media Corp.— Interactive, Series A | * | | | 159,900 | | | | 1,678,950 | |
| priceline.com, Inc. | * | | | 2,800 | | | | 494,312 | |
| | | | | | | | | | | | | | 13,726,850 | |
Internet Software & Services—2.9% |
| Akamai Technologies, Inc. | * | | | 43,800 | | | | 1,776,966 | |
| Baidu, Inc. ADR (China) | * | | | 47,300 | | | | 3,220,184 | |
| eBay, Inc. | * | | | 263,400 | | | | 5,165,274 | |
| Google, Inc., Class A | * | | | 32,700 | | | | 14,549,865 | |
| Tencent Holdings Ltd. (China) | † | | | 207,200 | | | | 3,432,734 | |
| | | | | | | | | | | | | | 28,145,023 | |
IT Services—4.7% |
| Accenture plc, Class A (Ireland) | | | | 421,075 | | | | 16,274,549 | |
| Automatic Data Processing, Inc. | | | | 371,625 | | | | 14,961,622 | |
| Fiserv, Inc. | * | | | 30,400 | | | | 1,388,064 | |
| International Business Machines Corp. | | | | 26,600 | | | | 3,284,568 | |
| Mastercard, Inc., Class A | | | | 21,900 | | | | 4,369,707 | |
| Visa, Inc., Class A | † | | | 72,600 | | | | 5,136,450 | |
| Western Union Co. (The) | | | | 59,100 | | | | 881,181 | |
| | | | | | | | | | | | | | 46,296,141 | |
Leisure Equipment & Products—0.5% |
| Mattel, Inc. | | | | 219,000 | | | | 4,634,040 | |
Life Sciences Tools & Services—0.0% |
| Life Technologies Corp. | * | | | 6,400 | | | | 302,400 | |
| Thermo Fisher Scientific, Inc. | * | | | 3,200 | | | | 156,960 | |
| | | | | | | | | | | | | | 459,360 | |
Machinery—2.1% |
| Danaher Corp. | † | | | 269,000 | | | | 9,985,280 | |
| Deere & Co. | | | | 9,600 | | | | 534,528 | |
| Illinois Tool Works, Inc. | | | | 6,400 | | | | 264,192 | |
See accompanying notes to financial statements.
132
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
| Ingersoll-Rand plc (Ireland) | † | | | 156,800 | | | $ | 5,408,032 | |
| PACCAR, Inc. | | | | 100,800 | | | | 4,018,896 | |
| | | | | | | | | | | | | | 20,210,928 | |
Media—4.5% |
| CBS Corp., Class B | | | | 399,500 | | | | 5,165,535 | |
| Comcast Corp., Class A | | | | 341,700 | | | | 5,935,329 | |
| Discovery Communications, Inc., Series C | * | | | 83,650 | | | | 2,587,294 | |
| McGraw-Hill Cos., Inc. (The) | † | | | 357,300 | | | | 10,054,422 | |
| Omnicom Group, Inc. | | | | 20,800 | | | | 713,440 | |
| Time Warner, Inc. | | | | 536,883 | | | | 15,521,288 | |
| Walt Disney Co. (The) | | | | 122,400 | | | | 3,855,600 | |
| | | | | | | | | | | | | | 43,832,908 | |
Metals & Mining—0.8% |
| Cliffs Natural Resources, Inc. | | | | 73,100 | | | | 3,447,396 | |
| Steel Dynamics, Inc. | | | | 302,100 | | | | 3,984,699 | |
| | | | | | | | | | | | | | 7,432,095 | |
Multiline Retail—1.5% |
| Dollar Tree, Inc. | * | | | 7,650 | | | | 318,469 | |
| Kohl’s Corp. | * | | | 189,000 | | | | 8,977,500 | |
| Target Corp. | | | | 106,100 | | | | 5,216,937 | |
| | | | | | | | | | | | | | 14,512,906 | |
Oil, Gas & Consumable Fuels—3.7% |
| Chevron Corp. | | | | 109,700 | | | | 7,444,242 | |
| ConocoPhillips | | | | 186,700 | | | | 9,165,103 | |
| EOG Resources, Inc. | | | | 53,300 | | | | 5,243,121 | |
| Exxon Mobil Corp. | | | | 300 | | | | 17,121 | |
| Hess Corp. | | | | 58,200 | | | | 2,929,788 | |
| Occidental Petroleum Corp. | | | | 65,000 | | | | 5,014,750 | |
| Peabody Energy Corp. | | | | 14,700 | | | | 575,211 | |
| Range Resources Corp. | | | | 17,600 | | | | 706,640 | |
| Southwestern Energy Co. | * | | | 22,500 | | | | 869,400 | |
| Suncor Energy, Inc. (Canada) | | | | 300 | | | | 8,832 | |
| Ultra Petroleum Corp. | * | | | 3,200 | | | | 141,600 | |
| Valero Energy Corp. | | | | 195,500 | | | | 3,515,090 | |
| | | | | | | | | | | | | | 35,630,898 | |
Pharmaceuticals—3.6% |
| Abbott Laboratories | | | | 94,000 | | | | 4,397,320 | |
| Allergan, Inc. | | | | 62,500 | | | | 3,641,250 | |
| Johnson & Johnson | | | | 59,200 | | | | 3,496,352 | |
| Merck & Co., Inc. | | | | 201,740 | | | | 7,054,848 | |
| Pfizer, Inc. | | | | 766,200 | | | | 10,926,012 | |
| Shire plc ADR (Ireland) | † | | | 14,700 | | | | 902,286 | |
| Teva Pharmaceutical Industries Ltd. ADR (Israel) | | | | 92,100 | | | | 4,788,279 | |
| | | | | | | | | | | | | | 35,206,347 | |
Road & Rail—0.2% |
| Union Pacific Corp. | | | | 29,100 | | | | 2,022,741 | |
Semiconductors & Semiconductor Equipment—3.0% |
| Altera Corp. | † | | | 75,800 | | | | 1,880,598 | |
| Broadcom Corp., Class A | | | | 87,700 | | | | 2,891,469 | |
| First Solar, Inc. | *† | | | 600 | | | | 68,298 | |
| Intel Corp. | | | | 304,900 | | | | 5,930,305 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 241,200 | | | | 3,801,312 | |
| Maxim Integrated Products, Inc. | † | | | 206,200 | | | | 3,449,726 | |
| NVIDIA Corp. | * | | | 37,000 | | | | 377,770 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Taiwan) | | | | 434,800 | | | | 4,243,648 | |
| Texas Instruments, Inc. | | | | 154,800 | | | | 3,603,744 | |
| Xilinx, Inc. | | | | 134,200 | | | | 3,389,892 | |
| | | | | | | | | | | | | | 29,636,762 | |
Software—0.9% |
| Adobe Systems, Inc. | * | | | 300 | | | | 7,929 | |
| Autodesk, Inc. | * | | | 22,600 | | | | 550,536 | |
| Intuit, Inc. | * | | | 21,100 | | | | 733,647 | |
| McAfee, Inc. | * | | | 26,200 | | | | 804,864 | |
| Microsoft Corp. | | | | 270,300 | | | | 6,219,603 | |
| Salesforce.com, Inc. | *† | | | 3,300 | | | | 283,206 | |
| | | | | | | | | | | | | | 8,599,785 | |
Specialty Retail—2.1% |
| Bed Bath & Beyond, Inc. | * | | | 75,100 | | | | 2,784,708 | |
| CarMax, Inc. | *† | | | 11,100 | | | | 220,890 | |
| Gap, Inc. (The) | | | | 22,500 | | | | 437,850 | |
| Home Depot, Inc. | | | | 300 | | | | 8,421 | |
| Lowe’s Cos., Inc. | | | | 353,700 | | | | 7,222,554 | |
| O’Reilly Automotive, Inc. | * | | | 41,400 | | | | 1,968,984 | |
| Staples, Inc. | | | | 387,825 | | | | 7,388,066 | |
| | | | | | | | | | | | | | 20,031,473 | |
Textiles, Apparel & Luxury Goods—0.4% |
| Coach, Inc. | | | | 39,100 | | | | 1,429,105 | |
| NIKE, Inc., Class B | | | | 36,800 | | | | 2,485,840 | |
| | | | | | | | | | | | | | 3,914,945 | |
Tobacco—0.4% |
| Philip Morris International, Inc. | | | | 83,800 | | | | 3,841,392 | |
Trading Companies & Distributors—1.3% |
| Fastenal Co. | † | | | 60,600 | | | | 3,041,514 | |
| W.W. Grainger, Inc. | † | | | 100,500 | | | | 9,994,725 | |
| | | | | | | | | | | | | | 13,036,239 | |
Wireless Telecommunication Services—0.6% |
| American Tower Corp., Class A | * | | | 131,400 | | | | 5,847,300 | |
| |
TOTAL COMMON STOCKS |
| (Cost $882,752,936) | | | | | | 940,548,237 | |
| |
CASH EQUIVALENTS—8.2% |
Institutional Money Market Funds—8.2% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 6,708,000 | | | | 6,708,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 35,703,983 | | | | 35,703,983 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 12,388,188 | | | | 12,388,188 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 5,720,000 | | | | 5,720,000 | |
|
See accompanying notes to financial statements.
133
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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Income Fund
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|---|
CASH EQUIVALENTS—(Continued) |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 7,400,000 | | | $ | 7,400,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 5,540,000 | | | | 5,540,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 6,400,000 | | | | 6,400,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $79,860,171) | | | | | | 79,860,171 | |
TOTAL INVESTMENTS—104.7% | | | |
| (Cost $962,613,107) | | 1,020,408,408 | |
| Other assets less liabilities—(4.7%) | | (45,779,086 | ) |
NET ASSETS—100.0% | $ | 974,629,322 | |
Notes to the Schedule of Investments:
|
| ADR | | | | American Depositary Receipt |
| † | | | | Denotes all or a portion of the security on loan. |
| * | | | | Non-income producing. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
134
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Vantagepoint
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COMMON STOCKS—94.5% |
Aerospace & Defense—2.8% |
| Boeing Co. (The) | | | | 70,600 | | | $ | 4,430,150 | |
| Goodrich Corp. | | | | 255,068 | | | | 16,898,255 | |
| Honeywell International, Inc. | | | | 220,850 | | | | 8,619,776 | |
| United Technologies Corp. | | | | 238,900 | | | | 15,506,999 | |
| | | | | | | | | | | | | | 45,455,180 | |
Air Freight & Logistics—1.2% |
| Expeditors International of Washington, Inc. | | | | 231,600 | | | | 7,992,516 | |
| FedEx Corp. | | | | 167,520 | | | | 11,744,827 | |
| | | | | | | | | | | | | | 19,737,343 | |
Automobiles—0.6% |
| Ford Motor Co. | * | | | 889,412 | | | | 8,965,273 | |
Beverages—6.1% |
| Anheuser-Busch InBev NV ADR (Belgium) | † | | | 75,700 | | | | 3,634,357 | |
| Coca-Cola Co. (The) | | | | 459,400 | | | | 23,025,128 | |
| Diageo plc ADR (United Kingdom) | † | | | 200,653 | | | | 12,588,969 | |
| PepsiCo, Inc. | | | | 968,180 | | | | 59,010,571 | |
| | | | | | | | | | | | | | 98,259,025 | |
Biotechnology—3.1% |
| Amgen, Inc. | * | | | 176,000 | | | | 9,257,600 | |
| Celgene Corp. | * | | | 374,620 | | | | 19,038,188 | |
| Genzyme Corp. | * | | | 433,900 | | | | 22,029,103 | |
| | | | | | | | | | | | | | 50,324,891 | |
Capital Markets—2.0% |
| Bank of New York Mellon Corp. (The) | | | | 227,100 | | | | 5,607,099 | |
| Goldman Sachs Group, Inc. (The) | | | | 178,000 | | | | 23,366,060 | |
| Morgan Stanley | | | | 137,100 | | | | 3,182,091 | |
| | | | | | | | | | | | | | 32,155,250 | |
Chemicals—2.3% |
| Air Products & Chemicals, Inc. | | | | 124,850 | | | | 8,091,529 | |
| Dow Chemical Co. (The) | | | | 132,300 | | | | 3,138,156 | |
| Monsanto Co. | | | | 158,900 | | | | 7,344,358 | |
| Nalco Holding Co. | | | | 382,718 | | | | 7,830,410 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) | | | | 34,200 | | | | 2,949,408 | |
| Syngenta AG ADR (Switzerland) | † | | | 165,700 | | | | 7,597,345 | |
| | | | | | | | | | | | | | 36,951,206 | |
Commercial Banks—2.4% |
| Fifth Third Bancorp | | | | 345,600 | | | | 4,247,424 | |
| SunTrust Banks, Inc. | | | | 100,036 | | | | 2,330,839 | |
| U.S. Bancorp | | | | 128,700 | | | | 2,876,445 | |
| Wells Fargo & Co. | | | | 1,160,700 | | | | 29,713,920 | |
| | | | | | | | | | | | | | 39,168,628 | |
Communications Equipment—4.1% |
| Cisco Systems, Inc. | * | | | 1,714,875 | | | | 36,543,986 | |
| F5 Networks, Inc. | * | | | 57,000 | | | | 3,908,490 | |
| QUALCOMM, Inc. | | | | 798,200 | | | | 26,212,888 | |
| | | | | | | | | | | | | | 66,665,364 | |
Computers & Peripherals—6.6% |
| Apple, Inc. | * | | | 221,570 | | | | 55,731,502 | |
| EMC Corp. | * | | | 1,576,300 | | | | 28,846,290 | |
| Hewlett-Packard Co. | | | | 287,300 | | | | 12,434,344 | |
| NetApp, Inc. | * | | | 151,519 | | | | 5,653,174 | |
| SanDisk Corp. | * | | | 83,600 | | | | 3,517,052 | |
| | | | | | | | | | | | | | 106,182,362 | |
Construction & Engineering—0.6% |
| Quanta Services, Inc. | * | | | 435,700 | | | | 8,997,205 | |
Construction Materials—0.4% |
| Martin Marietta Materials, Inc. | † | | | 28,570 | | | | 2,423,022 | |
| Vulcan Materials Co. | | | | 77,200 | | | | 3,383,676 | |
| | | | | | | | | | | | | | 5,806,698 | |
Consumer Finance—2.0% |
| American Express Co. | | | | 645,100 | | | | 25,610,470 | |
| Capital One Financial Corp. | | | | 165,157 | | | | 6,655,827 | |
| | | | | | | | | | | | | | 32,266,297 | |
Diversified Financial Services—1.4% |
| Bank of America Corp. | | | | 649,282 | | | | 9,330,182 | |
| Citigroup, Inc. | * | | | 763,800 | | | | 2,871,888 | |
| JPMorgan Chase & Co. | | | | 270,900 | | | | 9,917,649 | |
| | | | | | | | | | | | | | 22,119,719 | |
Electrical Equipment—0.9% |
| Cooper Industries plc | | | | 67,700 | | | | 2,978,800 | |
| Emerson Electric Co. | | | | 254,950 | | | | 11,138,766 | |
| | | | | | | | | | | | | | 14,117,566 | |
Electronic Equipment, Instruments & Components—0.3% |
| Corning, Inc. | | | | 282,900 | | | | 4,568,835 | |
Energy Equipment & Services—3.4% |
| ENSCO plc ADR (United Kingdom) | | | | 51,100 | | | | 2,007,208 | |
| Halliburton Co. | | | | 662,550 | | | | 16,265,603 | |
| National Oilwell Varco, Inc. | | | | 263,300 | | | | 8,707,331 | |
| Schlumberger Ltd. | | | | 243,710 | | | | 13,486,911 | |
| Transocean Ltd. (Switzerland) | * | | | 161,700 | | | | 7,491,561 | |
| Weatherford International Ltd. (Switzerland) | * | | | 531,850 | | | | 6,988,509 | |
| | | | | | | | | | | | | | 54,947,123 | |
Food & Staples Retailing—2.7% |
| Costco Wholesale Corp. | | | | 156,400 | | | | 8,575,412 | |
| Kroger Co. (The) | | | | 103,300 | | | | 2,033,977 | |
| Wal-Mart Stores, Inc. | | | | 571,675 | | | | 27,480,417 | |
| Whole Foods Market, Inc. | *† | | | 161,400 | | | | 5,813,628 | |
| | | | | | | | | | | | | | 43,903,434 | |
Food Products—1.1% |
| Kellogg Co. | | | | 162,700 | | | | 8,183,810 | |
| Kraft Foods, Inc., Class A | | | | 151,300 | | | | 4,236,400 | |
| Mead Johnson Nutrition Co. | | | | 119,750 | | | | 6,001,870 | |
| | | | | | | | | | | | | | 18,422,080 | |
Health Care Equipment & Supplies—2.9% |
| Alcon, Inc. (Switzerland) | | | | 54,840 | | | | 8,126,740 | |
| Covidien plc (Ireland) | | | | 259,850 | | | | 10,440,773 | |
| Intuitive Surgical, Inc. | * | | | 26,600 | | | | 8,395,492 | |
| Medtronic, Inc. | | | | 490,000 | | | | 17,772,300 | |
|
See accompanying notes to financial statements.
135
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
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COMMON STOCKS—(Continued) |
| Stryker Corp. | | | | 34,900 | | | $ | 1,747,094 | |
| | | | | | | | | | | | | | 46,482,399 | |
Health Care Providers & Services—0.7% |
| Aetna, Inc. | | | | 287,400 | | | | 7,581,612 | |
| Medco Health Solutions, Inc. | * | | | 68,500 | | | | 3,772,980 | |
| | | | | | | | | | | | | | 11,354,592 | |
Hotels, Restaurants & Leisure—1.7% |
| Las Vegas Sands Corp. | *† | | | 458,845 | | | | 10,158,828 | |
| McDonald’s Corp. | | | | 158,600 | | | | 10,446,982 | |
| MGM Resorts International | *† | | | 134,100 | | | | 1,292,724 | |
| Starbucks Corp. | | | | 232,000 | | | | 5,637,600 | |
| | | | | | | | | | | | | | 27,536,134 | |
Household Products—3.4% |
| Procter & Gamble Co. (The) | | | | 912,000 | | | | 54,701,760 | |
Industrial Conglomerates—1.7% |
| 3M Co. | | | | 209,700 | | | | 16,564,203 | |
| General Electric Co. | | | | 593,000 | | | | 8,551,060 | |
| McDermott International, Inc. | * | | | 85,100 | | | | 1,843,266 | |
| | | | | | | | | | | | | | 26,958,529 | |
Insurance—1.0% |
| ACE Ltd. (Switzerland) | | | | 47,010 | | | | 2,420,075 | |
| Berkshire Hathaway, Inc., Class B | * | | | 147,350 | | | | 11,742,321 | |
| Marsh & McLennan Cos., Inc. | | | | 90,700 | | | | 2,045,285 | |
| | | | | | | | | | | | | | 16,207,681 | |
Internet & Catalog Retail—2.0% |
| Amazon.com, Inc. | * | | | 242,550 | | | | 26,501,013 | |
| priceline.com, Inc. | * | | | 32,900 | | | | 5,808,166 | |
| | | | | | | | | | | | | | 32,309,179 | |
Internet Software & Services—2.4% |
| Equinix, Inc. | *† | | | 31,400 | | | | 2,550,308 | |
| Google, Inc., Class A | * | | | 58,940 | | | | 26,225,353 | |
| Rackspace Hosting, Inc. | *† | | | 550,254 | | | | 10,091,658 | |
| | | | | | | | | | | | | | 38,867,319 | |
IT Services—6.3% |
| Automatic Data Processing, Inc. | | | | 604,000 | | | | 24,317,040 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 92,762 | | | | 4,643,666 | |
| International Business Machines Corp. | | | | 343,470 | | | | 42,411,675 | |
| Mastercard, Inc., Class A | | | | 39,200 | | | | 7,821,576 | |
| Paychex, Inc. | † | | | 309,500 | | | | 8,037,715 | |
| Visa, Inc., Class A | † | | | 207,700 | | | | 14,694,775 | |
| | | | | | | | | | | | | | 101,926,447 | |
Life Sciences Tools & Services—1.5% |
| Illumina, Inc. | *† | | | 114,400 | | | | 4,979,832 | |
| Thermo Fisher Scientific, Inc. | * | | | 376,100 | | | | 18,447,705 | |
| | | | | | | | | | | | | | 23,427,537 | |
Machinery—0.7% |
| Caterpillar, Inc. | | | �� | 97,000 | | | | 5,826,790 | |
| Deere & Co. | | | | 88,834 | | | | 4,946,277 | |
| | | | | | | | | | | | | | 10,773,067 | |
Media—2.5% |
| Comcast Corp., Class A | | | | 228,400 | | | | 3,967,308 | |
| Sirius XM Radio, Inc. | *† | | | 1,221,500 | | | | 1,159,814 | |
| Viacom, Inc., Class B | | | | 194,550 | | | | 6,103,034 | |
| Walt Disney Co. (The) | | | | 943,600 | | | | 29,723,400 | |
| | | | | | | | | | | | | | 40,953,556 | |
Metals & Mining—1.0% |
| Allegheny Technologies, Inc. | | | | 65,000 | | | | 2,872,350 | |
| Barrick Gold Corp. (Canada) | | | | 48,900 | | | | 2,220,549 | |
| Cliffs Natural Resources, Inc. | | | | 45,540 | | | | 2,147,666 | |
| Newmont Mining Corp. | | | | 133,300 | | | | 8,229,942 | |
| | | | | | | | | | | | | | 15,470,507 | |
Multiline Retail—1.4% |
| Kohl’s Corp. | * | | | 277,300 | | | | 13,171,750 | |
| Target Corp. | | | | 201,750 | | | | 9,920,048 | |
| | | | | | | | | | | | | | 23,091,798 | |
Oil, Gas & Consumable Fuels—3.1% |
| Cenovus Energy, Inc. (Canada) | | | | 261,700 | | | | 6,749,243 | |
| ConocoPhillips | | | | 103,500 | | | | 5,080,815 | |
| Denbury Resources, Inc. | * | | | 240,200 | | | | 3,516,528 | |
| EnCana Corp. (Canada) | | | | 148,430 | | | | 4,503,366 | |
| Occidental Petroleum Corp. | | | | 142,890 | | | | 11,023,964 | |
| Peabody Energy Corp. | | | | 276,000 | | | | 10,799,880 | |
| Suncor Energy, Inc. (Canada) | | | | 269,450 | | | | 7,932,608 | |
| | | | | | | | | | | | | | 49,606,404 | |
Personal Products—0.9% |
| Avon Products, Inc. | | | | 352,900 | | | | 9,351,850 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 106,203 | | | | 5,918,693 | |
| | | | | | | | | | | | | | 15,270,543 | |
Pharmaceuticals—6.2% |
| Abbott Laboratories | | | | 418,300 | | | | 19,568,074 | |
| Allergan, Inc. | | | | 133,900 | | | | 7,801,014 | |
| Elan Corp. plc ADR (Ireland) | * | | | 756,400 | | | | 3,403,800 | |
| Johnson & Johnson | | | | 686,868 | | | | 40,566,424 | |
| Merck & Co., Inc. | | | | 89,600 | | | | 3,133,312 | |
| Roche Holding AG ADR (Switzerland) | | | | 94,500 | | | | 3,241,350 | |
| Teva Pharmaceutical Industries Ltd. ADR (Israel) | | | | 227,160 | | | | 11,810,049 | |
| Warner Chilcott plc, Class A (Ireland) | * | | | 415,267 | | | | 9,488,851 | |
| | | | | | | | | | | | | | 99,012,874 | |
Professional Services—0.2% |
| Verisk Analytics, Inc., Class A | * | | | 91,200 | | | | 2,726,880 | |
Semiconductors & Semiconductor Equipment—1.9% |
| Broadcom Corp., Class A | | | �� | 393,200 | | | | 12,963,804 | |
| Intel Corp. | | | | 339,300 | | | | 6,599,385 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 715,300 | | | | 11,273,128 | |
| | | | | | | | | | | | | | 30,836,317 | |
Software—5.1% |
| Adobe Systems, Inc. | * | | | 205,350 | | | | 5,427,400 | |
| Autodesk, Inc. | * | | | 284,800 | | | | 6,937,728 | |
See accompanying notes to financial statements.
136
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Growth Fund
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| Value
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|---|
COMMON STOCKS—(Continued) |
| Microsoft Corp. | | | | 1,793,450 | | | $ | 41,267,285 | |
| Nuance Communications, Inc. | *† | | | 543,763 | | | | 8,129,257 | |
| Oracle Corp. | | | | 555,600 | | | | 11,923,176 | |
| Red Hat, Inc. | * | | | 278,631 | | | | 8,063,581 | |
| | | | | | | | | | | | | | 81,748,427 | |
Specialty Retail—2.2% |
| Bed Bath & Beyond, Inc. | * | | | 162,900 | | | | 6,040,332 | |
| Best Buy Co., Inc. | | | | 144,500 | | | | 4,892,770 | |
| Home Depot, Inc. | | | | 220,300 | | | | 6,183,821 | |
| Lowe’s Cos., Inc. | | | | 866,300 | | | | 17,689,846 | |
| | | | | | | | | | | | | | 34,806,769 | |
Textiles, Apparel & Luxury Goods—1.1% |
| NIKE, Inc., Class B | | | | 260,540 | | | | 17,599,477 | |
Water Utilities—0.2% |
| American Water Works Co., Inc. | | | | 144,000 | | | | 2,966,400 | |
Wireless Telecommunication Services—0.4% |
| NII Holdings, Inc. | * | | | 86,200 | | | | 2,803,224 | |
| Rogers Communications, Inc., Class B (Canada) | | | | 87,200 | | | | 2,856,672 | |
| | | | | | | | | | | | | | 5,659,896 | |
TOTAL COMMON STOCKS |
| (Cost $1,484,648,604) | | | | | | 1,519,307,971 | |
| |
CASH EQUIVALENTS—7.9% |
Institutional Money Market Funds—7.9% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 6,800,000 | | | | 6,800,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 88,338,814 | | | | 88,338,814 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 5,423,131 | | | | 5,423,131 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 6,800,000 | | | | 6,800,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 6,800,000 | | | | 6,800,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 6,800,000 | | | | 6,800,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 6,800,000 | | | | 6,800,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $127,761,945) | | | | | | 127,761,945 | |
TOTAL INVESTMENTS—102.4% | | | |
| (Cost $1,612,410,549) | | 1,647,069,916 | |
| Other assets less liabilities—(2.4%) | | (38,735,014 | ) |
NET ASSETS—100.0% | $ | 1,608,334,902 | |
Notes to the Schedule of Investments:
|
| ADR | | | | American Depositary Receipt |
| * | | | | Non-income producing. |
| † | | | | Denotes all or a portion of the security on loan. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
137
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint
Select Value Fund
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COMMON STOCKS—96.2% |
Aerospace & Defense—2.5% |
| ITT Corp. | | | | 10,400 | | | $ | 467,168 | |
| L-3 Communications Holdings, Inc. | | | | 30,500 | | | | 2,160,620 | |
| Rockwell Collins, Inc. | | | | 23,500 | | | | 1,248,555 | |
| TransDigm Group, Inc. | | | | 57,219 | | | | 2,919,886 | |
| | | | | | | | | | | | | | 6,796,229 | |
Air Freight & Logistics—0.3% |
| Atlas Air Worldwide Holdings, Inc. | * | | | 18,800 | | | | 893,000 | |
Auto Components—1.4% |
| BorgWarner, Inc. | * | | | 67,100 | | | | 2,505,514 | |
| Lear Corp. | * | | | 22,150 | | | | 1,466,330 | |
| | | | | | | | | | | | | | 3,971,844 | |
Capital Markets—0.8% |
| Ameriprise Financial, Inc. | | | | 59,575 | | | | 2,152,445 | |
Chemicals—1.1% |
| Celanese Corp., Class A | | | | 23,350 | | | | 581,648 | |
| CF Industries Holdings, Inc. | | | | 11,975 | | | | 759,814 | |
| Eastman Chemical Co. | | | | 31,975 | | | | 1,706,186 | |
| | | | | | | | | | | | | | 3,047,648 | |
Commercial Banks—2.8% |
| Bank of Hawaii Corp. | † | | | 59,800 | | | | 2,891,330 | |
| Comerica, Inc. | | | | 55,050 | | | | 2,027,492 | |
| Fifth Third Bancorp | | | | 131,650 | | | | 1,617,979 | |
| KeyCorp | | | | 142,950 | | | | 1,099,285 | |
| | | | | | | | | | | | | | 7,636,086 | |
Commercial Services & Supplies—3.0% |
| Cintas Corp. | | | | 70,400 | | | | 1,687,488 | |
| R.R. Donnelley & Sons Co. | | | | 176,113 | | | | 2,882,970 | |
| Steelcase, Inc., Class A | † | | | 309,600 | | | | 2,399,400 | |
| United Stationers, Inc. | *† | | | 25,450 | | | | 1,386,261 | |
| | | | | | | | | | | | | | 8,356,119 | |
Communications Equipment—0.8% |
| Comtech Telecommunications Corp. | *† | | | 57,100 | | | | 1,709,003 | |
| JDS Uniphase Corp. | * | | | 58,475 | | | | 575,394 | |
| | | | | | | | | | | | | | 2,284,397 | |
Computers & Peripherals—0.9% |
| Lexmark International, Inc., Class A | *† | | | 15,850 | | | | 523,526 | |
| Teradata Corp. | * | | | 62,900 | | | | 1,917,192 | |
| | | | | | | | | | | | | | 2,440,718 | |
Construction & Engineering—0.9% |
| Fluor Corp. | | | | 18,500 | | | | 786,250 | |
| Jacobs Engineering Group, Inc. | *† | | | 46,000 | | | | 1,676,240 | |
| | | | | | | | | | | | | | 2,462,490 | |
Consumer Finance—0.8% |
| Discover Financial Services | | | | 162,750 | | | | 2,275,245 | |
Containers & Packaging—3.1% |
| AptarGroup, Inc. | † | | | 51,000 | | | | 1,928,820 | |
| Bemis Co., Inc. | | | | 101,600 | | | | 2,743,200 | |
| Sonoco Products Co. | | | | 126,400 | | | | 3,852,672 | |
| | | | | | | | | | | | | | 8,524,692 | |
Diversified Consumer Services—0.7% |
| H&R Block, Inc. | | | | 122,000 | | | | 1,914,180 | |
Diversified Telecommunication Services—0.8% |
| Qwest Communications International, Inc. | | | | 414,300 | | | | 2,175,075 | |
Electric Utilities—1.8% |
| Pinnacle West Capital Corp. | | | | 76,900 | | | | 2,796,084 | |
| Progress Energy, Inc. | | | | 25,075 | | | | 983,441 | |
| Westar Energy, Inc. | | | | 49,300 | | | | 1,065,373 | |
| | | | | | | | | | | | | | 4,844,898 | |
Electrical Equipment—1.7% |
| Acuity Brands, Inc. | † | | | 30,800 | | | | 1,120,504 | |
| Cooper Industries plc | | | | 20,425 | | | | 898,700 | |
| General Cable Corp. | * | | | 39,925 | | | | 1,064,001 | |
| Hubbell, Inc., Class B | | | | 42,300 | | | | 1,678,887 | |
| | | | | | | | | | | | | | 4,762,092 | |
Electronic Equipment, Instruments & Components—2.1% |
| Arrow Electronics, Inc. | * | | | 79,500 | | | | 1,776,825 | |
| Avnet, Inc. | * | | | 74,000 | | | | 1,784,140 | |
| Ingram Micro, Inc., Class A | * | | | 139,300 | | | | 2,115,967 | |
| | | | | | | | | | | | | | 5,676,932 | |
Energy Equipment & Services—2.0% |
| Complete Production Services, Inc. | * | | | 68,975 | | | | 986,343 | |
| Nabors Industries Ltd. (Bermuda) | * | | | 111,400 | | | | 1,962,868 | |
| Oil States International, Inc. | * | | | 30,375 | | | | 1,202,242 | |
| Pride International, Inc. | * | | | 59,500 | | | | 1,329,230 | |
| | | | | | | | | | | | | | 5,480,683 | |
Food & Staples Retailing—2.0% |
| Kroger Co. (The) | | | | 97,400 | | | | 1,917,806 | |
| Ruddick Corp. | † | | | 70,171 | | | | 2,174,599 | |
| Sysco Corp. | | | | 46,200 | | | | 1,319,934 | |
| | | | | | | | | | | | | | 5,412,339 | |
Food Products—2.9% |
| Campbell Soup Co. | | | | 39,200 | | | | 1,404,536 | |
| Del Monte Foods Co. | | | | 81,050 | | | | 1,166,310 | |
| H.J. Heinz Co. | | | | 31,300 | | | | 1,352,786 | |
| Sara Lee Corp. | | | | 204,600 | | | | 2,884,860 | |
| Tyson Foods, Inc., Class A | | | | 69,050 | | | | 1,131,729 | |
| | | | | | | | | | | | | | 7,940,221 | |
Gas Utilities—2.4% |
| Energen Corp. | | | | 41,100 | | | | 1,821,963 | |
| Questar Corp. | | | | 86,700 | | | | 3,943,983 | |
| UGI Corp. | | | | 37,500 | | | | 954,000 | |
| | | | | | | | | | | | | | 6,719,946 | |
Health Care Equipment & Supplies—1.7% |
| Beckman Coulter, Inc. | | | | 50,489 | | | | 3,043,982 | |
| Stryker Corp. | | | | 31,500 | | | | 1,576,890 | |
| | | | | | | | | | | | | | 4,620,872 | |
Health Care Providers & Services—2.2% |
| AmerisourceBergen Corp. | | | | 53,225 | | | | 1,689,894 | |
| CIGNA Corp. | | | | 50,300 | | | | 1,562,318 | |
| Health Management Associates, Inc., Class A | * | | | 148,450 | | | | 1,153,457 | |
| Health Net, Inc. | * | | | 64,825 | | | | 1,579,785 | |
| | | | | | | | | | | | | | 5,985,454 | |
See accompanying notes to financial statements.
138
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
Hotels, Restaurants & Leisure—1.8% |
| Burger King Holdings, Inc. | | | | 81,500 | | | $ | 1,372,460 | |
| Darden Restaurants, Inc. | | | | 46,000 | | | | 1,787,100 | |
| Wyndham Worldwide Corp. | | | | 86,500 | | | | 1,742,110 | |
| | | | | | | | | | | | | | 4,901,670 | |
Household Durables—1.1% |
| Mohawk Industries, Inc. | * | | | 26,100 | | | | 1,194,336 | |
| Newell Rubbermaid, Inc. | | | | 22,800 | | | | 333,792 | |
| Stanley Black & Decker, Inc. | | | | 18,250 | | | | 921,990 | |
| Whirlpool Corp. | | | | 5,400 | | | | 474,228 | |
| | | | | | | | | | | | | | 2,924,346 | |
Industrial Conglomerates—1.0% |
| Carlisle Cos., Inc. | | | | 77,300 | | | | 2,792,849 | |
Insurance—12.3% |
| Alleghany Corp. | * | | | 9,583 | | | | 2,810,694 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 33,700 | | | | 1,529,306 | |
| Allstate Corp. (The) | | | | 192,500 | | | | 5,530,525 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 55,900 | | | | 4,164,550 | |
| Brown & Brown, Inc. | † | | | 71,800 | | | | 1,374,252 | |
| Endurance Specialty Holdings Ltd. (Bermuda) | † | | | 53,600 | | | | 2,011,608 | |
| Fidelity National Financial, Inc., Class A | | | | 172,500 | | | | 2,240,775 | |
| Genworth Financial, Inc., Class A | * | | | 79,050 | | | | 1,033,183 | |
| Hartford Financial Services Group, Inc. | | | | 72,075 | | | | 1,595,020 | |
| HCC Insurance Holdings, Inc. | | | | 116,900 | | | | 2,894,444 | |
| Lincoln National Corp. | | | | 150,560 | | | | 3,657,102 | |
| Progressive Corp. (The) | | | | 91,900 | | | | 1,720,368 | |
| W.R. Berkley Corp. | | | | 54,900 | | | | 1,452,654 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 115,075 | | | | 1,842,351 | |
| | | | | | | | | | | | | | 33,856,832 | |
IT Services—5.1% |
| Amdocs Ltd. (Guernsey, Channel Islands) | * | | | 50,200 | | | | 1,347,870 | |
| Computer Sciences Corp. | | | | 80,167 | | | | 3,627,557 | |
| Convergys Corp. | *† | | | 153,000 | | | | 1,500,930 | |
| Hewitt Associates, Inc., Class A | * | | | 57,400 | | | | 1,978,004 | |
| SAIC, Inc. | * | | | 114,100 | | | | 1,910,034 | |
| Total System Services, Inc. | † | | | 126,900 | | | | 1,725,840 | |
| Western Union Co. (The) | | | | 133,300 | | | | 1,987,503 | |
| | | | | | | | | | | | | | 14,077,738 | |
Leisure Equipment & Products—0.5% |
| Mattel, Inc. | | | | 68,000 | | | | 1,438,880 | |
Machinery—2.3% |
| Dover Corp. | | | | 68,000 | | | | 2,841,720 | |
| Eaton Corp. | | | | 16,250 | | | | 1,063,400 | |
| Parker Hannifin Corp. | | | | 17,350 | | | | 962,231 | |
| Pentair, Inc. | | | | 45,800 | | | | 1,474,760 | |
| | | | | | | | | | | | | | 6,342,111 | |
Media—1.4% |
| Omnicom Group, Inc. | | | | 55,100 | | | | 1,889,930 | |
| Viacom, Inc., Class B | | | | 59,800 | | | | 1,875,926 | |
| | | | | | | | | | | | | | 3,765,856 | |
Metals & Mining—0.6% |
| Cliffs Natural Resources, Inc. | | | | 19,100 | | | | 900,756 | |
| Reliance Steel & Aluminum Co. | | | | 21,775 | | | | 787,166 | |
| | | | | | | | | | | | | | 1,687,922 | |
Multiline Retail—1.2% |
| Family Dollar Stores, Inc. | | | | 35,500 | | | | 1,337,995 | |
| Kohl’s Corp. | * | | | 42,650 | | | | 2,025,875 | |
| | | | | | | | | | | | | | 3,363,870 | |
Multi-Utilities—4.4% |
| CMS Energy Corp. | † | | | 148,750 | | | | 2,179,188 | |
| DTE Energy Co. | † | | | 57,650 | | | | 2,629,416 | |
| OGE Energy Corp. | | | | 44,800 | | | | 1,637,888 | |
| PG&E Corp. | | | | 63,000 | | | | 2,589,300 | |
| SCANA Corp. | | | | 42,500 | | | | 1,519,800 | |
| Xcel Energy, Inc. | | | | 81,900 | | | | 1,687,959 | |
| | | | | | | | | | | | | | 12,243,551 | |
Office Electronics—0.4% |
| Xerox Corp. | | | | 146,550 | | | | 1,178,262 | |
Oil, Gas & Consumable Fuels—4.1% |
| Alpha Natural Resources, Inc. | * | | | 43,850 | | | | 1,485,200 | |
| Chesapeake Energy Corp. | | | | 66,425 | | | | 1,391,604 | |
| Cimarex Energy Co. | | | | 29,700 | | | | 2,125,926 | |
| El Paso Corp. | | | | 72,750 | | | | 808,252 | |
| EOG Resources, Inc. | | | | 5,700 | | | | 560,709 | |
| Newfield Exploration Co. | * | | | 32,375 | | | | 1,581,842 | |
| Southwestern Energy Co. | * | | | 37,700 | | | | 1,456,728 | |
| Valero Energy Corp. | | | | 37,700 | | | | 677,846 | |
| Whiting Petroleum Corp. | * | | | 15,750 | | | | 1,235,115 | |
| | | | | | | | | | | | | | 11,323,222 | |
Paper & Forest Products—0.6% |
| International Paper Co. | | | | 76,125 | | | | 1,722,709 | |
Personal Products—0.5% |
| Nu Skin Enterprises, Inc., Class A | | | | 59,200 | | | | 1,475,856 | |
Professional Services—2.2% |
| Dun & Bradstreet Corp. | | | | 21,000 | | | | 1,409,520 | |
| Equifax, Inc. | | | | 69,100 | | | | 1,938,946 | |
| Manpower, Inc. | | | | 29,600 | | | | 1,278,128 | |
| Towers Watson & Co., Class A | | | | 37,500 | | | | 1,456,875 | |
| | | | | | | | | | | | | | 6,083,469 | |
Real Estate Investment Trusts (REITs)—6.2% |
| Annaly Capital Management, Inc. REIT | | | | 104,800 | | | | 1,797,320 | |
| BioMed Realty Trust, Inc. REIT | | | | 58,750 | | | | 945,288 | |
| Duke Realty Corp. REIT | | | | 324,132 | | | | 3,678,898 | |
| DuPont Fabros Technology, Inc. REIT | | | | 54,300 | | | | 1,333,608 | |
| Home Properties, Inc. REIT | † | | | 38,320 | | | | 1,727,082 | |
|
See accompanying notes to financial statements.
139
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Select Value Fund
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COMMON STOCKS—(Continued) |
| Mack-Cali Realty Corp. REIT | | | | 47,775 | | | $ | 1,420,351 | |
| Simon Property Group, Inc. REIT | | | | 69,605 | | | | 5,620,604 | |
| Vornado Realty Trust REIT | | | | 9,550 | | | | 696,672 | |
| | | | | | | | | | | | | | 17,219,823 | |
Real Estate Management & Development—0.5% |
| CB Richard Ellis Group, Inc., Class A | * | | | 91,175 | | | | 1,240,892 | |
Road & Rail—2.0% |
| Canadian Pacific Railway Ltd. (Canada) | | | | 22,350 | | | | 1,198,407 | |
| Ryder System, Inc. | † | | | 36,600 | | | | 1,472,418 | |
| Werner Enterprises, Inc. | † | | | 127,800 | | | | 2,797,542 | |
| | | | | | | | | | | | | | 5,468,367 | |
Semiconductors & Semiconductor Equipment—3.5% |
| Analog Devices, Inc. | | | | 56,100 | | | | 1,562,946 | |
| Microchip Technology, Inc. | † | | | 97,700 | | | | 2,710,198 | |
| Micron Technology, Inc. | * | | | 178,550 | | | | 1,515,889 | |
| National Semiconductor Corp. | | | | 126,600 | | | | 1,704,036 | |
| Teradyne, Inc. | *† | | | 157,625 | | | | 1,536,844 | |
| Veeco Instruments, Inc. | *† | | | 20,650 | | | | 707,882 | |
| | | | | | | | | | | | | | 9,737,795 | |
Software—0.8% |
| Informatica Corp. | * | | | 26,400 | | | | 630,432 | |
| Synopsys, Inc. | * | | | 74,800 | | | | 1,561,076 | |
| | | | | | | | | | | | | | 2,191,508 | |
Specialty Retail—0.9% |
| AutoZone, Inc. | * | | | 2,400 | | | | 463,728 | |
| PetSmart, Inc. | | | | 49,575 | | | | 1,495,678 | |
| Williams-Sonoma, Inc. | | | | 18,325 | | | | 454,826 | |
| | | | | | | | | | | | | | 2,414,232 | |
Textiles, Apparel & Luxury Goods—1.5% |
| Phillips-Van Heusen Corp. | | | | 33,400 | | | | 1,545,418 | |
| V.F. Corp. | | | | 36,600 | | | | 2,605,188 | |
| | | | | | | | | | | | | | 4,150,606 | |
Thrifts & Mortgage Finance—0.7% |
| First Niagara Financial Group, Inc. | | | | 155,900 | | | | 1,953,427 | |
Tobacco—0.4% |
| Reynolds American, Inc. | | | | 23,725 | | | | 1,236,547 | |
Trading Companies & Distributors—0.6% |
| United Rentals, Inc. | *† | | | 190,066 | | | | 1,771,415 | |
Water Utilities—0.6% |
| American Water Works Co., Inc. | | | | 80,800 | | | | 1,664,480 | |
Wireless Telecommunication Services—0.3% |
| NTELOS Holdings Corp. | † | | | 54,400 | | | | 935,680 | |
TOTAL COMMON STOCKS |
| (Cost $255,979,991) | | | | | | 265,537,520 | |
| |
CASH EQUIVALENTS—11.6% |
Institutional Money Market Funds—11.6% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 2,000,000 | | | | 2,000,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 12,047,169 | | | | 12,047,169 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 5,341,909 | | | | 5,341,909 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 3,185,000 | | | | 3,185,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 3,185,000 | | | | 3,185,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 3,185,000 | | | | 3,185,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 3,185,000 | | | | 3,185,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $32,129,078) | | | | | | 32,129,078 | |
TOTAL INVESTMENTS—107.8% | | | |
| (Cost $288,109,069) | | 297,666,598 | |
| Other assets less liabilities—(7.8%) | | (21,604,375 | ) |
NET ASSETS—100.0% | $ | 276,062,223 | |
Notes to the Schedule of Investments:
|
| REIT | | | | Real Estate Investment Trust |
| * | | | | Non-income producing. |
| † | | | | Denotes all or a portion of the security on loan. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
140
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Aggressive
Opportunities Fund
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COMMON STOCKS—97.3% |
Aerospace & Defense—1.5% |
| ITT Corp. | | | | 77,500 | | | $ | 3,481,300 | |
| Rockwell Collins, Inc. | | | | 208,500 | | | | 11,077,605 | |
| | | | | | | | | | | | | | 14,558,905 | |
Air Freight & Logistics—2.3% |
| C.H. Robinson Worldwide, Inc. | | | | 195,700 | | | | 10,892,662 | |
| Expeditors International of Washington, Inc. | | | | 200,300 | | | | 6,912,353 | |
| FedEx Corp. | | | | 58,100 | | | | 4,073,391 | |
| | | | | | | | | | | | | | 21,878,406 | |
Airlines—2.2% |
| Continental Airlines, Inc., Class B | * | | | 451,100 | | | | 9,924,200 | |
| Delta Air Lines, Inc. | * | | | 339,000 | | | | 3,983,250 | |
| Southwest Airlines Co. | | | | 654,700 | | | | 7,273,717 | |
| | | | | | | | | | | | | | 21,181,167 | |
Biotechnology—2.6% |
| Alkermes, Inc. | * | | | 433,549 | | | | 5,397,685 | |
| Amylin Pharmaceuticals, Inc. | * | | | 328,600 | | | | 6,177,680 | |
| Biogen Idec, Inc. | * | | | 122,100 | | | | 5,793,645 | |
| Cephalon, Inc. | * | | | 72,400 | | | | 4,108,700 | |
| Human Genome Sciences, Inc. | * | | | 141,100 | | | | 3,197,326 | |
| | | | | | | | | | | | | | 24,675,036 | |
Building Products—0.8% |
| Lennox International, Inc. | | | | 149,200 | | | | 6,202,244 | |
| Masco Corp. | | | | 173,700 | | | | 1,869,012 | |
| | | | | | | | | | | | | | 8,071,256 | |
Capital Markets—3.8% |
| Bank of New York Mellon Corp. (The) | | | | 392,000 | | | | 9,678,480 | |
| Fortress Investment Group LLC, Class A | * | | | 1,350,800 | | | | 3,876,796 | |
| Invesco Ltd. | | | | 199,600 | | | | 3,359,268 | |
| Penson Worldwide, Inc. | *† | | | 398,400 | | | | 2,246,976 | |
| SEI Investments Co. | | | | 496,300 | | | | 10,104,668 | |
| TD Ameritrade Holding Corp. | * | | | 205,800 | | | | 3,148,740 | |
| Waddell & Reed Financial, Inc., Class A | | | | 180,400 | | | | 3,947,152 | |
| | | | | | | | | | | | | | 36,362,080 | |
Chemicals—1.2% |
| Ecolab, Inc. | | | | 152,400 | | | | 6,844,284 | |
| Nalco Holding Co. | | | | 216,700 | | | | 4,433,682 | |
| | | | | | | | | | | | | | 11,277,966 | |
Commercial Banks—2.4% |
| First Interstate Bancsystem, Inc. | † | | | 214,900 | | | | 3,380,377 | |
| KeyCorp | | | | 813,000 | | | | 6,251,970 | |
| PrivateBancorp, Inc. | | | | 249,800 | | | | 2,767,784 | |
| Synovus Financial Corp. | | | | 2,526,900 | | | | 6,418,326 | |
| Western Alliance Bancorp | *† | | | 531,900 | | | | 3,813,723 | |
| | | | | | | | | | | | | | 22,632,180 | |
Commercial Services & Supplies—1.1% |
| Copart, Inc. | * | | | 230,000 | | | | 8,236,300 | |
| Stericycle, Inc. | * | | | 38,000 | | | | 2,492,040 | |
| | | | | | | | | | | | | | 10,728,340 | |
Communications Equipment—0.3% |
| Juniper Networks, Inc. | * | | | 123,600 | | | | 2,820,552 | |
Computers & Peripherals—2.8% |
| Dell, Inc. | * | | | 1,117,000 | | | | 13,471,020 | |
| NetApp, Inc. | * | | | 315,100 | | | | 11,756,381 | |
| Teradata Corp. | * | | | 47,500 | | | | 1,447,800 | |
| | | | | | | | | | | | | | 26,675,201 | |
Construction & Engineering—2.1% |
| ACS Actividades de Construccion y Servicios SA (Spain) | † | | | 304,000 | | | | 11,171,752 | |
| Quanta Services, Inc. | * | | | 226,600 | | | | 4,679,290 | |
| URS Corp. | * | | | 105,200 | | | | 4,139,620 | |
| | | | | | | | | | | | | | 19,990,662 | |
Construction Materials—1.1% |
| Cemex SAB de CV ADR (Mexico) | * | | | 1,048,591 | | | | 10,139,875 | |
Consumer Finance—0.5% |
| Capital One Financial Corp. | | | | 110,500 | | | | 4,453,150 | |
Containers & Packaging—0.4% |
| Owens-Illinois, Inc. | * | | | 138,400 | | | | 3,660,680 | |
Diversified Consumer Services—2.5% |
| Apollo Group, Inc., Class A | * | | | 62,800 | | | | 2,667,116 | |
| Career Education Corp. | *† | | | 249,300 | | | | 5,738,886 | |
| ITT Educational Services, Inc. | *† | | | 64,700 | | | | 5,371,394 | |
| Strayer Education, Inc. | † | | | 49,300 | | | | 10,248,977 | |
| | | | | | | | | | | | | | 24,026,373 | |
Diversified Financial Services—1.4% |
| IntercontinentalExchange, Inc. | * | | | 37,800 | | | | 4,272,534 | |
| KKR Financial Holdings LLC | | | | 1,220,000 | | | | 9,101,200 | |
| | | | | | | | | | | | | | 13,373,734 | |
Diversified Telecommunication Services—1.7% |
| Level 3 Communications, Inc. | * | | | 6,017,000 | | | | 6,558,530 | |
| tw telecom inc. | * | | | 590,000 | | | | 9,841,200 | |
| | | | | | | | | | | | | | 16,399,730 | |
Electrical Equipment—0.4% |
| AMETEK, Inc. | | | | 90,600 | | | | 3,637,590 | |
Electronic Equipment, Instruments & Components—0.9% |
| Amphenol Corp., Class A | | | | 77,300 | | | | 3,036,344 | |
| Dolby Laboratories, Inc., Class A | *† | | | 51,200 | | | | 3,209,728 | |
| FLIR Systems, Inc. | * | | | 64,100 | | | | 1,864,669 | |
| | | | | | | | | | | | | | 8,110,741 | |
Energy Equipment & Services—1.3% |
| Cameron International Corp. | * | | | 98,500 | | | | 3,203,220 | |
| Exterran Holdings, Inc. | *† | | | 196,800 | | | | 5,079,408 | |
| Transocean Ltd. (Switzerland) | * | | | 80,000 | | | | 3,706,400 | |
| | | | | | | | | | | | | | 11,989,028 | |
Food & Staples Retailing—0.7% |
| Safeway, Inc. | | | | 278,800 | | | | 5,481,208 | |
| Whole Foods Market, Inc. | * | | | 39,800 | | | | 1,433,596 | |
| | | | | | | | | | | | | | 6,914,804 | |
See accompanying notes to financial statements.
141
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
Food Products—0.5% |
| Campbell Soup Co. | | | | 146,000 | | | $ | 5,231,180 | |
Health Care Equipment & Supplies—3.8% |
| Beckman Coulter, Inc. | | | | 117,200 | | | | 7,065,988 | |
| Boston Scientific Corp. | * | | | 1,182,900 | | | | 6,860,820 | |
| Gen-Probe, Inc. | * | | | 110,300 | | | | 5,009,826 | |
| ResMed, Inc. | * | | | 134,350 | | | | 8,169,824 | |
| Stryker Corp. | | | | 97,200 | | | | 4,865,832 | |
| Zimmer Holdings, Inc. | * | | | 69,600 | | | | 3,761,880 | |
| | | | | | | | | | | | | | 35,734,170 | |
Health Care Providers & Services—4.5% |
| DaVita, Inc. | * | | | 227,200 | | | | 14,186,368 | |
| Express Scripts, Inc. | * | | | 126,900 | | | | 5,966,838 | |
| Laboratory Corp. of America Holdings | * | | | 54,200 | | | | 4,083,970 | |
| Lincare Holdings, Inc. | *† | | | 414,700 | | | | 13,481,897 | |
| WellPoint, Inc. | * | | | 103,200 | | | | 5,049,576 | |
| | | | | | | | | | | | | | 42,768,649 | |
Hotels, Restaurants & Leisure—2.2% |
| Burger King Holdings, Inc. | | | | 217,800 | | | | 3,667,752 | |
| International Game Technology | | | | 176,800 | | | | 2,775,760 | |
| Yum! Brands, Inc. | | | | 361,000 | | | | 14,093,440 | |
| | | | | | | | | | | | | | 20,536,952 | |
Household Durables—1.3% |
| Lennar Corp., Class A | | | | 352,700 | | | | 4,906,057 | |
| NVR, Inc. | *† | | | 11,200 | | | | 7,336,336 | |
| | | | | | | | | | | | | | 12,242,393 | |
Household Products—0.9% |
| Church & Dwight Co., Inc. | | | | 52,200 | | | | 3,273,462 | |
| Energizer Holdings, Inc. | * | | | 108,000 | | | | 5,430,240 | |
| | | | | | | | | | | | | | 8,703,702 | |
Independent Power Producers & Energy Traders—0.8% |
| Calpine Corp. | * | | | 563,000 | | | | 7,161,360 | |
Industrial Conglomerates—0.5% |
| Koninklijke Philips Electronics NV NYRS (Netherlands) | | | | 166,000 | | | | 4,953,440 | |
Insurance—9.4% |
| Aflac, Inc. | | | | 119,500 | | | | 5,099,065 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 116,800 | | | | 5,300,384 | |
| AON Corp. | | | | 315,900 | | | | 11,726,208 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 47,600 | | | | 3,546,200 | |
| Assured Guaranty Ltd. (Bermuda) | † | | | 930,000 | | | | 12,341,100 | |
| Fairfax Financial Holdings Ltd. (Canada) | † | | | 47,000 | | | | 17,423,370 | |
| Genworth Financial, Inc., Class A | * | | | 491,500 | | | | 6,423,905 | |
| NKSJ Holdings, Inc. (Japan) | * | | | 1,134,000 | | | | 6,784,889 | |
| Prudential Financial, Inc. | | | | 48,000 | | | | 2,575,680 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 143,300 | | | | 8,063,491 | |
| Syncora Holdings Ltd. (Bermuda) | *† | | | 626,661 | | | | 59,533 | |
| Torchmark Corp. | † | | | 77,200 | | | | 3,822,172 | |
| Validus Holdings Ltd. (Bermuda) | | | | 115,945 | | | | 2,831,377 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 177,500 | | | | 2,841,775 | |
| | | | | | | | | | | | | | 88,839,149 | |
Internet & Catalog Retail—1.1% |
| Expedia, Inc. | | | | 159,500 | | | | 2,995,410 | |
| Liberty Media Corp.— Interactive, Series A | * | | | 671,275 | | | | 7,048,388 | |
| | | | | | | | | | | | | | 10,043,798 | |
Internet Software & Services—2.5% |
| DealerTrack Holdings, Inc. | *† | | | 161,300 | | | | 2,653,385 | |
| eBay, Inc. | * | | | 339,000 | | | | 6,647,790 | |
| Rackspace Hosting, Inc. | *† | | | 317,900 | | | | 5,830,286 | |
| VeriSign, Inc. | *† | | | 312,500 | | | | 8,296,875 | |
| | | | | | | | | | | | | | 23,428,336 | |
IT Services—3.4% |
| Alliance Data Systems Corp. | *† | | | 89,200 | | | | 5,309,184 | |
| Amdocs Ltd. (Guernsey, Channel Islands) | * | | | 309,700 | | | | 8,315,445 | |
| Euronet Worldwide, Inc. | * | | | 189,650 | | | | 2,425,624 | |
| Global Payments, Inc. | | | | 112,400 | | | | 4,107,096 | |
| NeuStar, Inc., Class A | * | | | 211,200 | | | | 4,354,944 | |
| Paychex, Inc. | | | | 176,100 | | | | 4,573,317 | |
| Western Union Co. (The) | | | | 188,100 | | | | 2,804,571 | |
| | | | | | | | | | | | | | 31,890,181 | |
Leisure Equipment & Products—0.7% |
| Hasbro, Inc. | | | | 101,400 | | | | 4,167,540 | |
| Pool Corp. | † | | | 119,100 | | | | 2,610,672 | |
| | | | | | | | | | | | | | 6,778,212 | |
Life Sciences Tools & Services—0.9% |
| Mettler-Toledo International, Inc. (Switzerland) | * | | | 19,800 | | | | 2,210,274 | |
| QIAGEN NV (Netherlands) | *† | | | 311,500 | | | | 5,987,030 | |
| | | | | | | | | | | | | | 8,197,304 | |
Machinery—2.1% |
| Joy Global, Inc. | | | | 83,100 | | | | 4,162,479 | |
| PACCAR, Inc. | | | | 172,200 | | | | 6,865,614 | |
| Parker Hannifin Corp. | | | | 56,500 | | | | 3,133,490 | |
| Snap-On, Inc. | | | | 72,600 | | | | 2,970,066 | |
| SPX Corp. | | | | 57,400 | | | | 3,031,294 | |
| | | | | | | | | | | | | | 20,162,943 | |
Media—5.3% |
| DIRECTV, Class A | * | | | 562,000 | | | | 19,063,040 | |
| Discovery Communications, Inc., Series C | * | | | 234,200 | | | | 7,243,806 | |
| National CineMedia, Inc. | | | | 143,800 | | | | 2,395,708 | |
| Virgin Media, Inc. | † | | | 482,400 | | | | 8,051,256 | |
| Walt Disney Co. (The) | | | | 443,000 | | | | 13,954,500 | |
| | | | | | | | | | | | | | 50,708,310 | |
Multiline Retail—0.5% |
| J.C. Penney Co., Inc. | | | | 204,700 | | | | 4,396,956 | |
Oil, Gas & Consumable Fuels—4.8% |
| Chesapeake Energy Corp. | | | | 774,000 | | | | 16,215,300 | |
| CONSOL Energy, Inc. | | | | 223,300 | | | | 7,538,608 | |
| Denbury Resources, Inc. | * | | | 258,600 | | | | 3,785,904 | |
| Noble Energy, Inc. | | | | 37,100 | | | | 2,238,243 | |
See accompanying notes to financial statements.
142
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
| Peabody Energy Corp. | | | | 135,100 | | | $ | 5,286,463 | |
| Range Resources Corp. | † | | | 77,200 | | | | 3,099,580 | |
| Ultra Petroleum Corp. | * | | | 86,100 | | | | 3,809,925 | |
| Whiting Petroleum Corp. | * | | | 44,500 | | | | 3,489,690 | |
| | | | | | | | | | | | | | 45,463,713 | |
Personal Products—0.5% |
| Herbalife Ltd. (Cayman Islands) | | | | 108,300 | | | | 4,987,215 | |
Pharmaceuticals—1.9% |
| Forest Laboratories, Inc. | * | | | 236,000 | | | | 6,473,480 | |
| Shire plc ADR (Ireland) | † | | | 80,800 | | | | 4,959,504 | |
| Watson Pharmaceuticals, Inc. | * | | | 172,500 | | | | 6,998,325 | |
| | | | | | | | | | | | | | 18,431,309 | |
Professional Services—1.1% |
| FTI Consulting, Inc. | * | | | 166,000 | | | | 7,235,940 | |
| IHS, Inc., Class A | * | | | 52,400 | | | | 3,061,208 | |
| | | | | | | | | | | | | | 10,297,148 | |
Real Estate Investment Trusts (REITs)—0.4% |
| Pennymac Mortgage Investment Trust REIT | * | | | 245,400 | | | | 3,901,860 | |
Road & Rail—0.6% |
| Kansas City Southern | * | | | 82,900 | | | | 3,013,415 | |
| Norfolk Southern Corp. | | | | 42,600 | | | | 2,259,930 | |
| | | | | | | | | | | | | | 5,273,345 | |
Semiconductors & Semiconductor Equipment—4.6% |
| Altera Corp. | † | | | 128,300 | | | | 3,183,123 | |
| Analog Devices, Inc. | | | | 186,900 | | | | 5,207,034 | |
| ASML Holding NV, Class G NYRS (Netherlands) | † | | | 153,500 | | | | 4,216,645 | |
| Broadcom Corp., Class A | | | | 146,200 | | | | 4,820,214 | |
| Integrated Device Technology, Inc. | * | | | 1,075,700 | | | | 5,324,715 | |
| KLA-Tencor Corp. | | | | 74,300 | | | | 2,071,484 | |
| Lam Research Corp. | * | | | 70,200 | | | | 2,671,812 | |
| Linear Technology Corp. | † | | | 118,500 | | | | 3,295,485 | |
| Micron Technology, Inc. | *† | | | 722,100 | | | | 6,130,629 | |
| ON Semiconductor Corp. | * | | | 24,800 | | | | 158,224 | |
| Xilinx, Inc. | | | | 246,800 | | | | 6,234,168 | |
| | | | | | | | | | | | | | 43,313,533 | |
Software—4.3% |
| Adobe Systems, Inc. | * | | | 28,100 | | | | 742,683 | |
| Citrix Systems, Inc. | * | | | 116,100 | | | | 4,902,903 | |
| Factset Research Systems, Inc. | † | | | 81,700 | | | | 5,473,083 | |
| MICROS Systems, Inc. | *† | | | 183,900 | | | | 5,860,893 | |
| Red Hat, Inc. | * | | | 545,300 | | | | 15,780,982 | |
| Salesforce.com, Inc. | * | | | 64,500 | | | | 5,535,390 | |
| Take-Two Interactive Software, Inc. | * | | | 322,900 | | | | 2,906,100 | |
| | | | | | | | | | | | | | 41,202,034 | |
Specialty Retail—0.9% |
| O’Reilly Automotive, Inc. | * | | | 114,950 | | | | 5,467,022 | |
| Tiffany & Co. | | | | 72,200 | | | | 2,737,102 | |
| | | | | | | | | | | | | | 8,204,124 | |
Thrifts & Mortgage Finance—0.8% |
| People’s United Financial, Inc. | | | | 413,100 | | | | 5,576,850 | |
| Radian Group, Inc. | | | | 267,500 | | | | 1,936,700 | |
| | | | | | | | | | | | | | 7,513,550 | |
Wireless Telecommunication Services—3.0% |
| American Tower Corp., Class A | * | | | 313,700 | | | | 13,959,650 | |
| NII Holdings, Inc. | * | | | 130,545 | | | | 4,245,323 | |
| SBA Communications Corp., Class A | *† | | | 212,800 | | | | 7,237,328 | |
| Sprint Nextel Corp. | * | | | 813,100 | | | | 3,447,544 | |
| | | | | | | | | | | | | | 28,889,845 | |
TOTAL COMMON STOCKS |
| (Cost $901,037,840) | | | | | | 922,812,167 | |
| |
CASH EQUIVALENTS—13.7% |
Institutional Money Market Funds—13.7% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 15,697,000 | | | | 15,697,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 33,553,312 | | | | 33,553,311 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 24,697,360 | | | | 24,697,360 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio—Institutional Class | †† | | | 13,420,000 | | | | 13,420,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 11,740,000 | | | | 11,740,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 15,697,000 | | | | 15,697,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 15,697,000 | | | | 15,697,000 | |
TOTAL CASH EQUIVALENTS |
| (Cost $130,501,671) | | | | | | 130,501,671 | |
TOTAL INVESTMENTS—111.0% | | | |
| (Cost $1,031,539,511) | | 1,053,313,838 | |
| Other assets less liabilities—(11.0%) | | (104,130,335 | ) |
NET ASSETS—100.0% | $ | 949,183,503 | |
Notes to the Schedule of Investments:
|
| ADR | | | | American Depositary Receipt |
| NYRS | | | | New York Registry Shares |
| REIT | | | | Real Estate Investment Trust |
| * | | | | Non-income producing. |
| † | | | | Denotes all or a portion of the security on loan. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
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COMMON STOCKS—48.3% |
Aerospace & Defense—1.3% |
| Cubic Corp. | † | | | 15,100 | | | $ | 549,338 | |
| GeoEye, Inc. | * | | | 28,500 | | | | 887,490 | |
| Kratos Defense & Security Solutions, Inc. | *† | | | 64,200 | | | | 674,100 | |
| | | | | | | | | | | | | | 2,110,928 | |
| |
Automobiles—0.3% |
| Tesla Motors, Inc. | * | | | 24,900 | | | | 593,367 | |
| |
Biotechnology—1.5% |
| Acadia Pharmaceuticals, Inc. | * | | | 154,255 | | | | 168,138 | |
| Arena Pharmaceuticals, Inc. | *† | | | 172,258 | | | | 528,832 | |
| Incyte Corp. Ltd. | *† | | | 69,500 | | | | 769,365 | |
| Rigel Pharmaceuticals, Inc. | * | | | 135,700 | | | | 977,040 | |
| | | | | | | | | | | | | | 2,443,375 | |
| |
Capital Markets—1.5% |
| Cowen Group, Inc., Class A | * | | | 190,600 | | | | 781,460 | |
| Duff & Phelps Corp., Class A | | | | 47,200 | | | | 596,136 | |
| Gluskin Sheff + Associates, Inc. (Canada) | | | | 26,200 | | | | 418,393 | |
| Uranium Participation Corp. (Canada) | * | | | 139,378 | | | | 739,736 | |
| | | | | | | | | | | | | | 2,535,725 | |
| |
Commercial Banks—0.7% |
| Hudson Valley Holding Corp. | † | | | 29,680 | | | | 686,202 | |
| MB Financial, Inc. | † | | | 25,700 | | | | 472,623 | |
| | | | | | | | | | | | | | 1,158,825 | |
| |
Communications Equipment—3.3% |
| Arris Group, Inc. | * | | | 69,000 | | | | 703,110 | |
| Brocade Communications Systems, Inc. | * | | | 115,700 | | | | 597,012 | |
| Comverse Technology, Inc. | * | | | 109,000 | | | | 850,200 | |
| Emulex Corp. | * | | | 69,200 | | | | 635,256 | |
| Mitel Networks Corp. (Canada) | * | | | 102,074 | | | | 915,604 | |
| NETGEAR, Inc. | * | | | 36,300 | | | | 647,592 | |
| Parkervision, Inc. | *† | | | 252,872 | | | | 321,147 | |
| SeaChange International, Inc. | * | | | 102,943 | | | | 847,221 | |
| | | | | | | | | | | | | | 5,517,142 | |
| |
Computers & Peripherals—1.5% |
| Imation Corp. | *† | | | 98,100 | | | | 901,539 | |
| Novatel Wireless, Inc. | *† | | | 157,900 | | | | 906,346 | |
| Quantum Corp. | * | | | 355,500 | | | | 668,340 | |
| | | | | | | | | | | | | | 2,476,225 | |
| |
Construction & Engineering—1.4% |
| EMCOR Group, Inc. | * | | | 32,000 | | | | 741,440 | |
| Great Lakes Dredge & Dock Corp. | | | | 122,900 | | | | 737,400 | |
| Michael Baker Corp. | * | | | 23,500 | | | | 820,150 | |
| | | | | | | | | | | | | | 2,298,990 | |
| |
Consumer Finance—0.9% |
| Dollar Financial Corp. | *† | | | 38,300 | | | | 757,957 | |
| World Acceptance Corp. | *† | | | 19,050 | | | | 729,805 | |
| | | | | | | | | | | | | | 1,487,762 | |
| |
Containers & Packaging—0.5% |
| AptarGroup, Inc. | † | | | 21,000 | | | | 794,220 | |
| |
Diversified Consumer Services—1.3% |
| Lincoln Educational Services Corp. | * | | | 36,200 | | | | 745,358 | |
| Regis Corp. | † | | | 47,200 | | | | 734,904 | |
| Steiner Leisure Ltd. (Bahamas) | * | | | 19,900 | | | | 764,956 | |
| | | | | | | | | | | | | | 2,245,218 | |
| |
Diversified Telecommunication Services—0.5% |
| Neutral Tandem, Inc. | *† | | | 70,500 | | | | 793,125 | |
| |
Electric Utilities—1.4% |
| Portland General Electric Co. | | | | 40,300 | | | | 738,699 | |
| Unisource Energy Corp. | | | | 27,200 | | | | 820,896 | |
| Westar Energy, Inc. | | | | 35,000 | | | | 756,350 | |
| | | | | | | | | | | | | | 2,315,945 | |
| |
Electronic Equipment, Instruments & Components—1.5% |
| Fabrinet | * | | | 12,400 | | | | 132,680 | |
| OSI Systems, Inc. | *† | | | 27,400 | | | | 760,898 | |
| Park Electrochemical Corp. | | | | 31,200 | | | | 761,592 | |
| TTM Technologies, Inc. | * | | | 88,000 | | | | 836,000 | |
| | | | | | | | | | | | | | 2,491,170 | |
| |
Food Products—1.9% |
| Cosan SA Industria e Comercio (Brazil) | * | | | 70,000 | | | | 872,576 | |
| Kulim Malaysia BHD (Malaysia) | | | | 364,900 | | | | 836,472 | |
| Lance, Inc. | † | | | 49,100 | | | | 809,659 | |
| Viterra, Inc. (Canada) | * | | | 110,500 | | | | 735,940 | |
| | | | | | | | | | | | | | 3,254,647 | |
| |
Health Care Equipment & Supplies—0.8% |
| ICU Medical, Inc. | *† | | | 18,200 | | | | 585,494 | |
| Quidel Corp. | *† | | | 65,400 | | | | 829,926 | |
| | | | | | | | | | | | | | 1,415,420 | |
| |
Health Care Providers & Services—2.1% |
| Amsurg Corp. | * | | | 43,200 | | | | 769,824 | |
| Ensign Group, Inc. (The) | | | | 37,500 | | | | 619,500 | |
| LHC Group, Inc. | *† | | | 26,800 | | | | 743,700 | |
| Mednax, Inc. | * | | | 12,800 | | | | 711,808 | |
| Res-Care, Inc. | *† | | | 63,000 | | | | 608,580 | |
| | | | | | | | | | | | | | 3,453,412 | |
| |
Industrial Conglomerates—0.4% |
| Carlisle Cos., Inc. | | | | 18,000 | | | | 650,340 | |
| |
Insurance—0.5% |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 22,900 | | | | 831,041 | |
| |
Internet & Catalog Retail—0.4% |
| Shutterfly, Inc. | *† | | | 28,900 | | | | 692,444 | |
| |
Internet Software & Services—1.0% |
| KIT Digital, Inc. | *† | | | 83,552 | | | | 736,929 | |
| Knot, Inc. (The) | *† | | | 117,900 | | | | 917,262 | |
| | | | | | | | | | | | | | 1,654,191 | |
| |
IT Services—0.4% |
| Mantech International Corp., Class A | *† | | | 15,900 | | | | 676,863 | |
| |
Leisure Equipment & Products—0.5% |
| Eastman Kodak Co. | *† | | | 201,500 | | | | 874,510 | |
See accompanying notes to financial statements.
144
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
Machinery—1.1% |
| Douglas Dynamics, Inc. | * | | | 77,700 | | | $ | 893,550 | |
| Force Protection, Inc. | * | | | 188,900 | | | | 774,490 | |
| Wabash National Corp. | * | | | 21,400 | | | | 152,154 | |
| | | | | | | | | | | | | | 1,820,194 | |
| |
Marine—0.5% |
| Kirby Corp. | * | | | 20,000 | | | | 765,000 | |
| |
Metals & Mining—2.3% |
| Allied Nevada Gold Corp. | *† | | | 43,300 | | | | 852,144 | |
| Carpenter Technology Corp. | | | | 21,100 | | | | 692,713 | |
| Jaguar Mining, Inc. | *† | | | 88,400 | | | | 780,572 | |
| New Gold, Inc. (Canada) | * | | | 142,100 | | | | 879,599 | |
| Universal Stainless & Alloy Products, Inc. | * | | | 39,500 | | | | 631,605 | |
| | | | | | | | | | | | | | 3,836,633 | |
| |
Oil, Gas & Consumable Fuels—4.2% |
| Berry Petroleum Co., Class A | | | | 18,500 | | | | 475,820 | |
| BPZ Resources, Inc. | *† | | | 178,100 | | | | 739,115 | |
| Clayton Williams Energy, Inc. | * | | | 10,300 | | | | 433,836 | |
| CVR Energy, Inc. | * | | | 129,800 | | | | 976,096 | |
| Northern Oil and Gas, Inc. | * | | | 52,500 | | | | 674,100 | |
| Oilsands Quest, Inc. (Canada) | *† | | | 1,249,900 | | | | 762,439 | |
| Rentech, Inc. | *† | | | 409,300 | | | | 405,207 | |
| Rosetta Resources, Inc. | *† | | | 27,300 | | | | 540,813 | |
| Swift Energy Co. | *† | | | 33,100 | | | | 890,721 | |
| W&T Offshore, Inc. | † | | | 106,600 | | | | 1,008,436 | |
| | | | | | | | | | | | | | 6,906,583 | |
| |
Personal Products—1.2% |
| China-Biotics, Inc. (China) | *† | | | 70,600 | | | | 918,506 | |
| NBTY, Inc. | * | | | 30,000 | | | | 1,020,300 | |
| | | | | | | | | | | | | | 1,938,806 | |
| |
Pharmaceuticals—1.3% |
| Inspire Pharmaceuticals, Inc. | *† | | | 73,600 | | | | 367,264 | |
| King Pharmaceuticals, Inc. | * | | | 93,600 | | | | 710,424 | |
| Medicines Co. (The) | * | | | 139,000 | | | | 1,057,790 | |
| | | | | | | | | | | | | | 2,135,478 | |
| |
Professional Services—0.5% |
| CRA International, Inc. | *† | | | 43,400 | | | | 817,222 | |
| |
Real Estate Investment Trusts (REITs)—2.8% |
| Anworth Mortgage Asset Corp. REIT | | | | 115,700 | | | | 823,784 | |
| Capstead Mortgage Corp. REIT | | | | 71,900 | | | | 795,214 | |
| CreXus Investment Corp. REIT | | | | 44,218 | | | | 549,630 | |
| Investors Real Estate Trust REIT | † | | | 81,300 | | | | 717,879 | |
| Medical Properties Trust, Inc. REIT | | | | 99,500 | | | | 939,280 | |
| MFA Financial, Inc. REIT | | | | 120,600 | | | | 892,440 | |
| | | | | | | | | | | | | | 4,718,227 | |
| |
Real Estate Management & Development—0.8% |
| Brasil Brokers Participacoes SA (Brazil) | | | | 181,300 | | | | 588,597 | |
| General Shopping Brasil SA (Brazil) | * | | | 98,100 | | | | 434,792 | |
| Grubb & Ellis Co. | *† | | | 321,200 | | | | 314,776 | |
| | | | | | | | | | | | | | 1,338,165 | |
| |
Semiconductors & Semiconductor Equipment—1.4% |
| Cabot Microelectronics Corp. | * | | | 24,500 | | | | 847,455 | |
| Cymer, Inc. | * | | | 23,500 | | | | 705,940 | |
| PMC — Sierra, Inc. | * | | | 100,500 | | | | 755,760 | |
| | | | | | | | | | | | | | 2,309,155 | |
| |
Software—1.1% |
| JDA Software Group, Inc. | * | | | 43,500 | | | | 956,130 | |
| Progress Software Corp. | * | | | 27,000 | | | | 810,810 | |
| TeleNav, Inc. | *† | | | 10,000 | | | | 83,900 | |
| | | | | | | | | | | | | | 1,850,840 | |
| |
Specialty Retail—1.5% |
| Cato Corp. (The), Class A | † | | | 38,100 | | | | 838,962 | |
| DSW, Inc., Class A | * | | | 35,900 | | | | 806,314 | |
| Hot Topic, Inc. | | | | 160,000 | | | | 812,800 | |
| | | | | | | | | | | | | | 2,458,076 | |
| |
Textiles, Apparel & Luxury Goods—0.5% |
| Carter’s, Inc. | * | | | 31,700 | | | | 832,125 | |
| |
Thrifts & Mortgage Finance—0.5% |
| Flushing Financial Corp. | † | | | 63,900 | | | | 781,497 | |
| |
Trading Companies & Distributors—2.2% |
| Applied Industrial Technologies, Inc. | | | | 28,500 | | | | 721,620 | |
| H&E Equipment Services, Inc. | *† | | | 65,900 | | | | 493,591 | |
| RSC Holdings, Inc. | *† | | | 113,000 | | | | 697,210 | |
| TAL International Group, Inc. | † | | | 36,253 | | | | 814,605 | |
| Textainer Group Holdings Ltd. | | | | 35,900 | | | | 866,626 | |
| | | | | | | | | | | | | | 3,593,652 | |
| |
Water Utilities—0.5% |
| Companhia de Saneamento de Minas Gerais — Copasa MG (Brazil) | | | | 57,800 | | | | 800,554 | |
| |
Wireless Telecommunication Services—0.3% |
| Leap Wireless International, Inc. | * | | | 39,800 | | | | 516,604 | |
| |
TOTAL COMMON STOCKS |
| (Cost $77,014,244) | | | | | | 80,183,696 | |
| |
CONVERTIBLE PREFERRED STOCKS—0.5% |
Leisure Equipment & Products—0.3% |
| Callaway Golf Co., Perpetual, Series B 7.500% | | | | 5,700 | | | | 583,538 | |
| |
Real Estate Management & Development—0.2% |
| Grubb & Ellis Co. 12.000% | *‡ | | | 3,500 | | | | 260,181 | |
| Grubb & Ellis Co., Perpetual 12.000% | ˆ | | | 500 | | | | 39,125 | |
| | | | | | | | | | | | | | 299,306 | |
| |
TOTAL CONVERTIBLE PREFERRED STOCKS |
| (Cost $961,993) | | | | | | 882,844 | |
|
|
|---|
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—24.5% |
Aerospace & Defense—0.3% |
| Boeing Co. (The) | | | |
| 1.875% | | | | 11/20/2012 | | | | $ | 450,000 | | | | 455,857 | |
See accompanying notes to financial statements.
145
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Discovery Fund
|
|
|---|
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Beverages—0.7% |
| Anheuser-Busch InBev Worldwide, Inc. |
| 2.500% | | | | 03/26/2013 | | ˆ | | $ | 470,000 | | | $ | 475,884 | |
| Bottling Group LLC | | | |
| 6.950% | | | | 03/15/2014 | | | | | 250,000 | | | | 295,293 | |
| Dr. Pepper Snapple Group, Inc. | | | |
| 1.700% | | | | 12/21/2011 | | | | | 380,000 | | | | 382,251 | |
| | | | | | | | | �� | | | | | 1,153,428 | |
Capital Markets—0.4% |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | | | | 01/20/2012 | | ˆ | | | 300,000 | | | | 306,634 | |
| TD Ameritrade Holding Corp. | | | |
| 4.150% | | | | 12/01/2014 | | | | | 410,000 | | | | 425,916 | |
| | | | | | | | | | | | | | 732,550 | |
Chemicals—0.7% |
| Dow Chemical Co. (The) | | | |
| 4.850% | | | | 08/15/2012 | | | | | 900,000 | | | | 949,847 | |
| Praxair, Inc. | | | |
| 1.750% | | | | 11/15/2012 | | | | | 200,000 | | | | 202,760 | |
| | | | | | | | | | | | | | 1,152,607 | |
Commercial Banks—1.9% |
| Bank of Nova Scotia (Canada) | | | |
| 2.250% | | | | 01/22/2013 | | | | | 410,000 | | | | 415,970 | |
| BB&T Corp., Series A MTN | | | |
| 3.375% | | | | 09/25/2013 | | | | | 200,000 | | | | 206,427 | |
| Commonwealth Bank of Australia (Australia) | | | |
| 2.400% | | | | 01/12/2012 | | ˆ | | | 300,000 | | | | 305,868 | |
| National Australia Bank Ltd. (Australia) | | | |
| 2.550% | | | | 01/13/2012 | | ˆ | | | 300,000 | | | | 305,870 | |
| US Bancorp | | | |
| 4.200% | | | | 05/15/2014 | | | | | 500,000 | | | | 535,323 | |
| Wells Fargo & Co. | | | |
| 5.300% | | | | 08/26/2011 | | | | | 430,000 | | | | 446,747 | |
| Wells Fargo & Co., Series I MTN | | | |
| 3.750% | | | | 10/01/2014 | | | | | 240,000 | | | | 245,959 | |
| Westpac Banking Corp. (Australia) | | | |
| 0.845% | | | | 04/08/2013 | | #ˆ | | | 750,000 | | | | 744,511 | |
| | | | | | | | | | | | | | 3,206,675 | |
Commercial Services & Supplies—0.1% |
| Corrections Corp. of America | | | |
| 6.250% | | | | 03/15/2013 | | | | | 175,000 | | | | 177,187 | |
Communications Equipment—0.2% |
| Cisco Systems, Inc. | | | |
| 5.250% | | | | 02/22/2011 | | | | | 400,000 | | | | 410,940 | |
Computers & Peripherals—1.0% |
| Hewlett-Packard Co. | | | |
| 4.250% | | | | 02/24/2012 | | | | | 150,000 | | | | 158,133 | |
| 2.250% | | | | 05/27/2011 | | | | | 300,000 | | | | 304,216 | |
| International Business Machines Corp. | | | |
| 4.950% | | | | 03/22/2011 | | | | | 400,000 | | | | 411,120 | |
| 2.100% | | | | 05/06/2013 | | | | | 730,000 | | | | 744,426 | |
| | | | | | | | | | | | | | 1,617,895 | |
Consumer Finance—1.1% |
| American Express Credit Corp. | | | |
| 5.125% | | | | 08/25/2014 | | | | | 300,000 | | | | 323,063 | |
| American Honda Finance Corp. | | | |
| 2.375% | | | | 03/18/2013 | | ˆ | | | 200,000 | | | | 202,914 | |
| Caterpillar Financial Services Corp. MTN |
| 5.750% | | | | 02/15/2012 | | | | | 275,000 | | | | 295,673 | |
| Ford Motor Credit Co. LLC | | | |
| 7.000% | | | | 10/01/2013 | | | | | 225,000 | | | | 229,588 | |
| John Deere Capital Corp., Series D MTN | | | |
| 1.004% | | | | 01/18/2011 | | # | | | 430,000 | | | | 431,837 | |
| PACCAR Financial Corp. MTN | | | |
| 0.798% | | | | 04/05/2013 | | # | | | 360,000 | | | | 359,803 | |
| | | | | | | | | | | | | | 1,842,878 | |
| |
Diversified Consumer Services—0.1% |
| Yale University, Series B MTN | | | |
| 2.900% | | | | 10/15/2014 | | | | | 200,000 | | | | 207,670 | |
| |
Diversified Financial Services—1.3% |
| CME Group, Inc. | | | |
| 5.400% | | | | 08/01/2013 | | | | | 200,000 | | | | 220,786 | |
| Equifax, Inc. | | | |
| 4.450% | | | | 12/01/2014 | | | | | 80,000 | | | | 83,443 | |
| General Electric Capital Corp. | | | |
| 5.900% | | | | 05/13/2014 | | | | | 260,000 | | | | 287,242 | |
| 2.800% | | | | 01/08/2013 | | | | | 400,000 | | | | 404,685 | |
| General Electric Capital Corp. MTN | | | |
| 1.153% | | | | 01/15/2013 | | # | | | 300,000 | | | | 296,869 | |
| General Electric Capital Corp., Series A | | | |
| 3.750% | | | | 11/14/2014 | | | | | 390,000 | | | | 399,362 | |
| NASDAQ OMX Group, Inc. (The) | | | |
| 4.000% | | | | 01/15/2015 | | | | | 460,000 | | | | 468,194 | |
| | | | | | | | | | | | | | 2,160,581 | |
| |
Diversified Telecommunication Services—1.8% |
| BellSouth Corp. | | | |
| 4.750% | | | | 11/15/2012 | | | | | 600,000 | | | | 643,618 | |
| Cellco Partnership/Verizon Wireless Capital LLC | | | |
| 5.550% | | | | 02/01/2014 | | | | | 100,000 | | | | 112,206 | |
| 3.750% | | | | 05/20/2011 | | | | | 300,000 | | | | 307,335 | |
| Deutsche Telekom International Finance BV (Netherlands) | | | |
| 5.375% | | | | 03/23/2011 | | | | | 400,000 | | | | 411,580 | |
| Telefonica Emisiones SAU (Spain) | | | |
| 2.582% | | | | 04/26/2013 | | | | | 490,000 | | | | 486,957 | |
| Telstra Corp. Ltd. MTN (Australia) | | | |
| 6.375% | | | | 06/29/2011 | | EUR | | | 420,000 | | | | 536,633 | |
| Verizon Global Funding Corp. | | | |
| 7.250% | | | | 12/01/2010 | | | | | 400,000 | | | | 410,866 | |
| | | | | | | | | | | | | | 2,909,195 | |
| |
Electric Utilities—2.4% |
| Alabama Power Co., Series HH | | | |
| 5.100% | | | | 02/01/2011 | | | | | 265,000 | | | | 271,409 | |
| Commonwealth Edison Co., Series 105 | | | |
| 5.400% | | | | 12/15/2011 | | | | | 500,000 | | | | 529,210 | |
| Consumers Energy Co., Series D | | | |
| 5.375% | | | | 04/15/2013 | | | | | 275,000 | | | | 299,667 | |
| Duke Energy Carolinas LLC | | | |
| 6.250% | | | | 01/15/2012 | | | | | 400,000 | | | | 431,092 | |
| FPL Group Capital, Inc. | | | |
| 5.625% | | | | 09/01/2011 | | | | | 280,000 | | | | 292,828 | |
| Midamerican Energy Holdings Co. | | | |
| 3.150% | | | | 07/15/2012 | | | | | 300,000 | | | | 307,739 | |
| Mirant Americas Generation LLC | | | |
| 8.300% | | | | 05/01/2011 | | | | | 215,000 | | | | 220,375 | |
| Pacific Gas & Electric Co. |
| 4.200% | | | | 03/01/2011 | | | | | 850,000 | | | | 867,543 | |
| Public Service Electric & Gas Co., Series B MTN | | | |
| 5.125% | | | | 09/01/2012 | | | | | 700,000 | | | | 754,380 | |
| | | | | | | | | | | | | | 3,974,243 | |
See accompanying notes to financial statements.
146
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Electronic Equipment, Instruments & Components—0.1% |
| Thermo Fisher Scientific, Inc. |
| 2.150% | | | | 12/28/2012 | | | | $ | 220,000 | | | $ | 222,681 | |
| |
Food & Staples Retailing—0.4% |
| Costco Wholesale Corp. | | | |
| 5.300% | | | | 03/15/2012 | | | | | 300,000 | | | | 321,668 | |
| Safeway, Inc. | | | |
| 5.800% | | | | 08/15/2012 | | | | | 350,000 | | | | 380,418 | |
| | | | | | | | | | | | | | 702,086 | |
Food Products—1.5% |
| Campbell Soup Co. | | | |
| 6.750% | | | | 02/15/2011 | | | | | 485,000 | | | | 503,343 | |
| Kellogg Co., Series B | | | |
| 6.600% | | | | 04/01/2011 | | | | | 400,000 | | | | 416,934 | |
| Kraft Foods, Inc. | | | |
| 5.250% | | | | 10/01/2013 | | | | | 140,000 | | | | 153,411 | |
| 2.625% | | | | 05/08/2013 | | | | | 140,000 | | | | 142,751 | |
| Unilever Capital Corp. | | | |
| 7.125% | | | | 11/01/2010 | | | | | 410,000 | | | | 418,713 | |
| WM Wrigley Jr Co. | | | |
| 1.912% | | | | 06/28/2011 | | #ˆ | | | 890,000 | | | | 890,087 | |
| | | | | | | | | | | | | | 2,525,239 | |
Health Care Equipment & Supplies—0.4% |
| Covidien International Finance SA (Luxembourg) | | | |
| 1.875% | | | | 06/15/2013 | | | | | 360,000 | | | | 362,491 | |
| Stryker Corp. | | | |
| 3.000% | | | | 01/15/2015 | | | | | 300,000 | | | | 310,086 | |
| | | | | | | | | | | | | | 672,577 | |
Health Care Providers & Services—0.4% |
| Express Scripts, Inc. | | | |
| 5.250% | | | | 06/15/2012 | | | | | 350,000 | | | | 374,089 | |
| UnitedHealth Group, Inc. | | | |
| 5.250% | | | | 03/15/2011 | | | | | 300,000 | | | | 307,877 | |
| | | | | | | | | | | | | | 681,966 | |
Hotels, Restaurants & Leisure—0.3% |
| McDonald’s Corp., Series G MTN | | | |
| 5.750% | | | | 03/01/2012 | | | | | 400,000 | | | | 430,356 | |
Household Durables—0.3% |
| Fortune Brands, Inc. | | | |
| 3.000% | | | | 06/01/2012 | | | | | 420,000 | | | | 425,256 | |
Independent Power Producers & Energy Traders—0.1% |
| Dynegy Holdings, Inc. | | | |
| 6.875% | | | | 04/01/2011 | | | | | 85,000 | | | | 86,275 | |
Industrial Conglomerates—0.3% |
| 3M Co., Series E MTN | | | |
| 4.500% | | | | 11/01/2011 | | | | | 450,000 | | | | 471,618 | |
| |
Insurance—1.7% |
| Allstate Corp. (The) | | | |
| 6.200% | | | | 05/16/2014 | | | | | 300,000 | | | | 340,601 | |
| Berkshire Hathaway Finance Corp. | | | |
| 4.200% | | | | 12/15/2010 | | | | | 400,000 | | | | 406,194 | |
| 4.000% | | | | 04/15/2012 | | | | | 150,000 | | | | 157,847 | |
| Berkshire Hathaway, Inc. | | | |
| 0.858% | | | | 02/11/2013 | | # | | | 400,000 | �� | | | 401,017 | |
| Metropolitan Life Global Funding I |
| 0.698% | | | | 07/13/2011 | | #ˆ | | | 690,000 | | | | 689,466 | |
| New York Life Global Funding | | | |
| 0.662% | | | | 06/16/2011 | | #ˆ | | | 500,000 | | | | 500,175 | |
| Prudential Financial, Inc., Series D MTN | | | |
| 3.625% | | | | 09/17/2012 | | | | | 355,000 | | | | 365,833 | |
| | | | | | | | | | | | | | 2,861,133 | |
| |
Life Sciences Tools & Services—0.3% |
| Howard Hughes Medical Institute | | | |
| 3.450% | | | | 09/01/2014 | | | | | 400,000 | | | | 424,062 | |
| |
Machinery—0.2% |
| Ingersoll-Rand Global Holding Co. Ltd. (Bermuda) | | | |
| 1.923% | | | | 08/13/2010 | | # | | | 300,000 | | | | 300,425 | |
| |
Media—1.0% |
| Comcast Corp. | | | |
| 5.450% | | | | 11/15/2010 | | | | | 720,000 | | | | 731,957 | |
| COX Communications, Inc. | | | |
| 7.750% | | | | 11/01/2010 | | | | | 400,000 | | | | 408,158 | |
| COX Enterprises, Inc. | | | |
| 7.875% | | | | 09/15/2010 | | ˆ | | | 360,000 | | | | 364,470 | |
| Viacom, Inc. | | | |
| 4.375% | | | | 09/15/2014 | | | | | 200,000 | | | | 212,777 | |
| | | | | | | | | | | | | | 1,717,362 | |
| |
Oil, Gas & Consumable Fuels—1.5% |
| Chevron Corp. | | | |
| 3.450% | | | | 03/03/2012 | | | | | 600,000 | | | | 625,588 | |
| ConocoPhillips | | | |
| 4.750% | | | | 02/01/2014 | | | | | 200,000 | | | | 220,134 | |
| Rockies Express Pipeline LLC | | | |
| 3.900% | | | | 04/15/2015 | | ˆ | | | 290,000 | | | | 280,576 | |
| Shell International Finance BV (Netherlands) | | | |
| 5.625% | | | | 06/27/2011 | | | | | 600,000 | | | | 628,945 | |
| 1.875% | | | | 03/25/2013 | | | | | 270,000 | | | | 272,448 | |
| XTO Energy, Inc. | | | |
| 7.500% | | | | 04/15/2012 | | | | | 390,000 | | | | 434,428 | |
| | | | | | | | | | | | | | 2,462,119 | |
| |
Pharmaceuticals—2.2% |
| Abbott Laboratories | | | |
| 5.600% | | | | 05/15/2011 | | | | | 400,000 | | | | 416,674 | |
| Eli Lilly & Co. | | | |
| 3.550% | | | | 03/06/2012 | | | | | 100,000 | | | | 104,322 | |
| GlaxoSmithKline Capital, Inc. | | | |
| 4.850% | | | | 05/15/2013 | | | | | 500,000 | | | | 547,018 | |
| Merck & Co., Inc. | | | |
| 1.875% | | | | 06/30/2011 | | | | | 600,000 | | | | 605,809 | |
| Novartis Capital Corp. | | | |
| 4.125% | | | | 02/10/2014 | | | | | 100,000 | | | | 107,983 | |
| 1.900% | | | | 04/24/2013 | | | | | 370,000 | | | | 375,847 | |
| Teva Pharmaceutical Finance III LLC | | | |
| 0.939% | | | | 12/19/2011 | | # | | | 730,000 | | | | 731,804 | |
| Wyeth | | | |
| 6.950% | | | | 03/15/2011 | | | | | 700,000 | | | | 729,381 | |
| | | | | | | | | | | | | | 3,618,838 | |
| |
Real Estate Investment Trusts (REITs)—0.3% |
| Simon Property Group LP | | | |
| 4.200% | | | | 02/01/2015 | | | | | 90,000 | | | | 92,580 | |
| Vornado Realty LP | | | |
| 4.250% | | | | 04/01/2015 | | | | | 470,000 | | | | 467,729 | |
| | | | | | | | | | | | | | 560,309 | |
See accompanying notes to financial statements.
147
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Road & Rail—0.4% |
| Union Pacific Corp. |
| 6.650% | | | | 01/15/2011 | | | | $ | 700,000 | | | $ | 719,555 | |
| |
Software—0.6% |
| Microsoft Corp. | | | |
| 2.950% | | | | 06/01/2014 | | | | | 500,000 | | | | 523,668 | |
| Oracle Corp. | | | |
| 5.000% | | | | 01/15/2011 | | | | | 510,000 | | | | 520,755 | |
| | | | | | | | | | | | | | 1,044,423 | |
| |
Tobacco—0.2% |
| Reynolds American, Inc. | | | |
| 1.237% | | | | 06/15/2011 | | # | | | 280,000 | | | | 278,223 | |
| |
Wireless Telecommunication Services—0.3% |
| America Movil SAB de CV (Mexico) | | | |
| 3.625% | | | | 03/30/2015 | | ˆ | | | 130,000 | | | | 133,946 | |
| Sprint Capital Corp. | | | |
| 8.375% | | | | 03/15/2012 | | | | | 270,000 | | | | 284,512 | |
| | | | | | | | | | | | | | 418,458 | |
| |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $39,838,139) | | | | | | | | 40,624,667 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—0.6% |
U.S. Government Agency Mortgage-Backed Securities—0.6% |
| Federal Home Loan Mortgage Corp. |
| 6.000% | | | | 11/01/2022 | | ‡‡ | | | 330,206 | | | | 359,861 | |
| Government National Mortgage Association |
| 4.500% | | | | 08/20/2035 | | | | | 581,845 | | | | 604,301 | |
| |
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES |
| (Cost $922,672) | | | | | | | | 964,162 | |
| |
U.S. TREASURY OBLIGATIONS—5.8% |
U.S. Treasury Notes—5.8% |
| U.S. Treasury Note |
| 2.500% | | | | 04/30/2015 | | | | | 718,000 | | | | 743,635 | |
| 1.375% | | | | 05/15/2013 | | | | | 1,950,000 | | | | 1,974,075 | |
| 1.000% | | | | 07/31/2011-
04/30/2012 | | | | | 2,917,000 | | | | 2,938,082 | |
| 0.875% | | | | 03/31/2011 | | ‡‡ | | | 4,000,000 | | | | 4,017,500 | |
| |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $9,620,262) | | | | | | | | 9,673,292 | |
| |
GOVERNMENT RELATED OBLIGATIONS—14.9% |
U.S. Government Agencies—12.2% |
| Federal Farm Credit Banks |
| 1.375% | | | | 06/25/2013 | | | | | 1,250,000 | | | | 1,257,922 | |
| 0.300% | | | | 12/08/2011 | | # | | | 1,500,000 | | | | 1,499,663 | |
| Federal Home Loan Banks |
| 5.375% | | | | 08/19/2011 | | ‡‡ | | | 3,000,000 | | | | 3,160,719 | |
| 2.250% | | | | 04/13/2012 | | ‡‡ | | | 1,500,000 | | | | 1,541,859 | |
| 1.625% | | | | 09/26/2012 | | | | | 1,500,000 | | | | 1,525,959 | |
| 0.550% | | | | 04/27/2011 | | | | | 2,000,000 | | | | 2,000,308 | |
| Federal Home Loan Mortgage Corp. |
| 1.300% | | | | 03/09/2012 | | | | | 1,200,000 | | | | 1,201,744 | |
| Federal National Mortgage Association |
| 2.000% | | | | 03/01/2013 | | | | | 1,500,000 | | | | 1,503,174 | |
| 1.875% | | | | 04/20/2012 | | | | | 1,000,000 | | | | 1,021,383 | |
| 1.375% | | | | 04/28/2011 | | | | | 3,000,000 | | | | 3,024,474 | |
| 1.000% | | | | 11/23/2011 | | ‡‡ | | | 1,500,000 | | | | 1,509,849 | |
| 0.512% | | | | 04/26/2011 | | | | | 1,000,000 | | | | 997,093 | |
| | | | | | | | | | | | | | 20,244,147 | |
| |
U.S. Government Agencies-U.S. Government Guaranteed Bank Debt—1.4% |
| Bank of America NA MTN |
| 1.700% | | | | 12/23/2010 | | | | | 600,000 | | | | 603,813 | |
| Wells Fargo & Co. |
| 3.000% | | | | 12/09/2011 | | | | | 1,250,000 | | | | 1,292,430 | |
| Western Corporate Federal Credit Union |
| 1.750% | | | | 11/02/2012 | | | | | 350,000 | | | | 356,035 | |
| | | | | | | | | | | | | | 2,252,278 | |
| |
Non-U.S. Government Agencies—0.5% |
| Export Development Canada (Canada) |
| 3.750% | | | | 07/15/2011 | | | | | 475,000 | | | | 489,309 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 3.750% | | | | 06/27/2011 | | | | | 400,000 | | | | 411,544 | |
| | | | | | | | | | | | | | 900,853 | |
| |
Sovereign Debt—0.5% |
| Indonesia Government International Bond, Reg S (Indonesia) |
| 10.375% | | | | 05/04/2014 | | | | | 220,000 | | | | 271,700 | |
| Malaysia Government International Bond (Malaysia) |
| 7.500% | | | | 07/15/2011 | | | | | 450,000 | | | | 477,258 | |
| | | | | | | | | | | | | | 748,958 | |
| |
U.S. Municipal Bonds—0.1% |
| Citizens Property Insurance Corp. Revenue Bonds, Series 2009 A-1 (Florida) | | | |
| 5.000% | | | | 03/01/2013 | | | | | 150,000 | | | | 157,510 | |
| |
Non-U.S. Regional Authority Bonds—0.2% |
| Caisse d’Amortissement de la Dette Sociale MTN (France) | | | |
| 4.250% | | | | 11/08/2010 | | | | | 400,000 | | | | 404,807 | |
| |
TOTAL GOVERNMENT RELATED OBLIGATIONS |
| (Cost $24,433,439) | | | | | | | | 24,708,553 | |
| |
ASSET BACKED SECURITIES—1.0% |
Automobile—1.0% |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A2 |
| 2.040% | | | | 04/15/2011 | | | | | 321,960 | | | | 322,407 | |
| Ford Credit Auto Owner Trust |
| Series 2009-D, Class A2 |
| 1.210% | | | | 01/15/2012 | | | | | 289,784 | | | | 290,134 | |
| Honda Auto Receivables Owner Trust |
| Series 2009-2, Class A2 |
| 2.220% | | | | 08/15/2011 | | | | | 217,496 | | | | 218,062 | |
| Nissan Auto Lease Trust |
| Series 2009-B, Class A2 |
| 1.220% | | | | 09/15/2011 | | | | | 367,274 | | | | 367,465 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.010% | | | | 04/15/2011 | | | | | 224,891 | | | | 225,253 | |
See accompanying notes to financial statements.
148
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
Discovery Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
ASSET BACKED SECURITIES—(Continued) |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.870% | | | | 07/15/2011 | | | | $ | 123,876 | | | $ | 124,407 | |
| |
TOTAL ASSET BACKED SECURITIES |
| (Cost $1,545,187) | | | | | | | | 1,547,728 | |
| |
NON-GOVERNMENT
MORTGAGE-BACKED SECURITIES—1.3% |
Mortgage Backed—1.3% |
| Harborview Mortgage Loan Trust |
| Series 2005-14, Class 3A1A |
| 5.225% | | | | 12/19/2035 | | # | | | 1,017,594 | | | | 755,113 | |
| Thornburg Mortgage Securities Trust |
| Series 2004-1, Class II2A |
| 2.108% | | | | 03/25/2044 | | # | | | 1,227,309 | | | | 1,178,180 | |
| WaMu Mortgage Pass Through Certificates |
| Series 2006-AR12, Class 1A1 |
| 5.992% | | | | 10/25/2036 | | # | | | 281,875 | | | | 250,267 | |
| |
TOTAL NON-GOVERNMENT MORTGAGE-BACKED SECURITIES |
| (Cost $2,456,331) | | | | | | | | 2,183,560 | |
| |
| |
|
|
|
| Shares
|
|
|
| Value
|
|
|
|
|---|
WARRANTS—0.0% |
Oil, Gas & Consumable Fuels—0.0% |
| Oilsands Quest, Inc., Expires 05/12/2011, Strike 1.10 | * | | | | | | | | |
| (Cost $—) | | | | 163,100 | | | | 17,941 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CERTIFICATES OF DEPOSIT—0.6% |
Commercial Banks—0.6% |
| Bank of Montreal (Canada) | | | |
| 0.351% | | | | 11/02/2010 | | | | | | | | | | |
| (Cost $1,000,000) | | | $ | 1,000,000 | | | | 999,960 | |
| |
| |
|
|
|
| Shares
|
|
|
| Value
|
|
|
|
|---|
CASH EQUIVALENTS—10.9% |
Institutional Money Market Funds—10.9% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 1,500,000 | | | | 1,500,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 5,184,767 | | | | 5,184,767 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 2,430,036 | | | | 2,430,036 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 2,250,000 | | | | 2,250,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 2,250,000 | | | | 2,250,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 2,250,000 | | | | 2,250,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 2,250,000 | | | | 2,250,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $18,114,803) | | | | | | 18,114,803 | |
| |
TOTAL INVESTMENTS—108.4% | | | |
| (Cost $175,907,070) | | 179,901,206 | |
| Other assets less liabilities—(8.4%) | | (13,905,606 | ) |
| |
NET ASSETS—100.0% | $ | 165,995,600 | |
| Notes to the Schedule of Investments: | |
|---|
| EUR | | | | European Monetary Unit |
| MTN | | | | Medium Term Note |
| 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 the security on loan. |
| * | | | | Non-income producing. |
| ‡ | | | | 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 amounted to 5,239,526, which represents 2.9% of Total Investments. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
149
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint
International Fund
|
|
|
| Shares
|
|
|
| Value
|
|
|
|
|---|
COMMON STOCKS—95.8% |
Australia—5.0% | | | |
| Australia & New Zealand Banking Group Ltd. | | | | 44,900 | | | $ | 806,466 | |
| BHP Billiton Ltd. | | | | 64,675 | | | | 2,012,011 | |
| Boart Longyear Group | *† | | | 1,962,659 | | | | 4,613,257 | |
| Charter Hall Group REIT | † | | | 1,639,600 | | | | 819,315 | |
| Cochlear Ltd. | | | | 29,000 | | | | 1,806,373 | |
| CSL Ltd. | † | | | 112,300 | | | | 3,066,176 | |
| Foster’s Group Ltd. | † | | | 155,423 | | | | 736,166 | |
| IOOF Holdings Ltd. | † | | | 505,100 | | | | 2,516,687 | |
| JB Hi-Fi Ltd. | | | | 71,109 | | | | 1,131,199 | |
| Mount Gibson Iron Ltd. | * | | | 649,700 | | | | 823,169 | |
| QBE Insurance Group Ltd. | † | | | 482,873 | | | | 7,327,148 | |
| Rio Tinto Ltd. | † | | | 14,500 | | | | 797,419 | |
| SMS Management & Technology Ltd. | | | | 184,800 | | | | 915,660 | |
| Telstra Corp. Ltd. | | | | 3,440,933 | | | | 9,379,117 | |
| Wesfarmers Ltd. | † | | | 310,424 | | | | 7,419,569 | |
| Woodside Petroleum Ltd. | † | | | 99,095 | | | | 3,444,473 | |
| | | | | | | | | | | | | | 47,614,205 | |
| |
Belgium—0.7% | | | |
| Anheuser-Busch InBev NV | | | | 38,091 | | | | 1,831,464 | |
| Colruyt SA | † | | | 14,200 | | | | 3,340,415 | |
| KBC Groep NV | * | | | 18,800 | | | | 720,609 | |
| Nyrstar | | | | 85,022 | | | | 872,081 | |
| | | | | | | | | | | | | | 6,764,569 | |
| |
Brazil—1.2% | | | |
| Cia de Concessoes Rodoviarias | | | | 71,500 | | | | 1,465,651 | |
| CPFL Energia SA ADR | | | | 21,000 | | | | 1,405,950 | |
| Investimentos Itau SA | | | | 1,144 | | | | 6,927 | |
| Investimentos Itau SA | | | | 247,900 | | | | 1,479,160 | |
| Petroleo Brasileiro SA ADR | | | | 131,370 | | | | 3,914,826 | |
| Redecard SA | | | | 136,100 | | | | 1,923,496 | |
| Vale SA ADR | | | | 60,100 | | | | 1,263,302 | |
| | | | | | | | | | | | | | 11,459,312 | |
| |
Canada—4.2% | | | |
| Bank of Montreal | | | | 17,500 | | | | 949,180 | |
| Barrick Gold Corp. | | | | 19,900 | | | | 903,262 | |
| BCE, Inc. | | | | 200,700 | | | | 5,855,753 | |
| Canadian Pacific Railway Ltd. | | | | 68,002 | | | | 3,646,267 | |
| Delphi Energy Corp. | * | | | 529,100 | | | | 1,317,097 | |
| Dundee Real Estate Investment Trust REIT | | | | 179,800 | | | | 4,129,548 | |
| First Quantum Minerals Ltd. | | | | 13,600 | | | | 684,120 | |
| Grande Cache Coal Corp. | * | | | 128,800 | | | | 665,446 | |
| Laurentian Bank of Canada | | | | 28,900 | | | | 1,143,729 | |
| Loblaw Cos. Ltd. | | | | 23,500 | | | | 852,318 | |
| Lundin Mining Corp. | * | | | 942,200 | | | | 2,664,057 | |
| Metro, Inc., Class A | | | | 29,700 | | | | 1,166,462 | |
| Sears Canada, Inc. | | | | 83,000 | | | | 2,015,453 | |
| Sherritt International Corp. | | | | 124,700 | | | | 670,033 | |
| Suncor Energy, Inc. | | | | 48,900 | | | | 1,439,141 | |
| Teck Resources Ltd., Class B | | | | 172,900 | | | | 5,112,857 | |
| Toronto-Dominion Bank (The) | | | | 73,700 | | | | 4,775,563 | |
| West Fraser Timber Co. Ltd. | | | | 21,000 | | | | 655,516 | |
| Western Coal Corp. | * | | | 324,800 | | | | 1,269,239 | |
| | | | | | | | | | | | | | 39,915,041 | |
| |
Chile—0.2% | | | |
| Enersis SA ADR | | | | 87,000 | | | | 1,732,170 | |
| |
China—1.8% | | | |
| Baidu, Inc. ADR | * | | | 33,259 | | | | 2,264,273 | |
| China Construction Bank Corp., Class H | † | | | 6,141,317 | | | | 4,943,843 | |
| China Life Insurance Co. Ltd., Class H | † | | | 390,300 | | | | 1,706,872 | |
| China Merchants Bank Co. Ltd., Class H | † | | | 188,258 | | | | 450,370 | |
| China Shipping Development Co. Ltd., Class H | | | | 682,000 | | | | 857,794 | |
| China Yurun Food Group Ltd. | | | | 321,000 | | | | 1,009,447 | |
| Ctrip.com International Ltd. ADR | * | | | 38,397 | | | | 1,442,191 | |
| Industrial & Commercial Bank of China, Class H | | | | 5,324,000 | | | | 3,869,775 | |
| Tencent Holdings Ltd. | † | | | 22,300 | | | | 369,450 | |
| | | | | | | | | | | | | | 16,914,015 | |
| |
Colombia—0.1% | | | |
| BanColombia SA ADR | | | | 29,200 | | | | 1,463,796 | |
| | | | | | | | | | | | | | | |
| |
Czech Republic—0.1% | | | |
| CEZ AS | | | | 22,047 | | | | 897,358 | |
| Komercni Banka AS | | | | 2,853 | | | | 456,801 | |
| | | | | | | | | | | | | | 1,354,159 | |
| |
Denmark—0.8% | | | |
| Danske Bank A/S | * | | | 137,461 | | | | 2,645,082 | |
| NKT Holding A/S | | | | 16,552 | | | | 738,416 | |
| Novo Nordisk A/S, Class B | | | | 51,600 | | | | 4,168,906 | |
| | | | | | | | | | | | | | 7,552,404 | |
| |
Finland—0.0% | | | |
| Fortum Oyj | | | | 7,777 | | | | 170,711 | |
| |
France—9.8% | | | |
| Accor SA | *† | | | 37,676 | | | | 1,744,223 | |
| BNP Paribas | | | | 142,755 | | | | 7,680,332 | |
| Carrefour SA | | | | 242,512 | | | | 9,619,848 | |
| Cie de Saint-Gobain | | | | 205,413 | | | | 7,654,630 | |
| Cie Generale d’Optique Essilor International SA | † | | | 62,000 | | | | 3,684,341 | |
| Credit Agricole SA | | | | 68,061 | | | | 706,143 | |
| Danone SA | | | | 55,208 | | | | 2,959,712 | |
| EDF SA | | | | 12,549 | | | | 477,447 | |
| Eutelsat Communications | | | | 33,450 | | | | 1,119,826 | |
| France Telecom SA | † | | | 522,382 | | | | 9,060,673 | |
| L’Oreal SA | | | | 41,400 | | | | 4,053,479 | |
| LVMH Moet Hennessy Louis Vuitton SA | | | | 8,000 | | | | 870,743 | |
| Natixis | * | | | 379,912 | | | | 1,649,747 | |
| Pernod-Ricard SA | † | | | 57,194 | | | | 4,436,262 | |
| Renault SA | * | | | 128,171 | | | | 4,750,966 | |
| Sanofi-Aventis SA | | | | 145,153 | | | | 8,742,174 | |
| Schneider Electric SA | | | | 8,500 | | | | 858,500 | |
| Societe BIC SA | | | | 14,937 | | | | 1,060,857 | |
| Societe Generale | | | | 99,302 | | | | 4,086,170 | |
| Technip SA | | | | 83,060 | | | | 4,763,979 | |
| Total SA | | | | 207,958 | | | | 9,282,999 | |
| Unibail-Rodamco SE (Paris Exchange) REIT | | | | 13,383 | | | | 2,181,190 | |
| Vinci SA | | | | 57,004 | | | | 2,366,901 | |
| | | | | | | | | | | | | | 93,811,142 | |
See accompanying notes to financial statements.
150
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
International Fund
|
|
|
| Shares
|
|
|
| Value
|
|
|
|
|---|
COMMON STOCKS—(Continued) |
Germany—5.7% | | | |
| Adidas AG | | | | 73,100 | | | $ | 3,539,129 | |
| Aixtron AG | † | | | 147,683 | | | | 3,491,415 | |
| BASF SE | | | | 16,000 | | | | 874,246 | |
| Bayer AG | | | | 83,680 | | | | 4,676,157 | |
| Daimler AG (Registered) | * | | | 102,971 | | | | 5,208,840 | |
| Deutsche Bank AG (Registered) | | | | 73,082 | | | | 4,104,959 | |
| Deutsche Post AG (Registered) | | | | 227,043 | | | | 3,310,317 | |
| Fresenius Medical Care AG & Co. KGaA | | | | 26,050 | | | | 1,405,516 | |
| Hannover Rueckversicherung AG (Registered) | | | | 133,847 | | | | 5,736,072 | |
| Infineon Technologies AG | * | | | 165,403 | | | | 958,909 | |
| Lanxess AG | | | | 20,900 | | | | 879,711 | |
| Linde AG | | | | 42,067 | | | | 4,423,336 | |
| Muenchener Rueckversicherungs AG (Registered) | | | | 32,099 | | | | 4,030,442 | |
| Rhoen Klinikum AG | | | | 8,133 | | | | 180,989 | |
| RWE AG | | | | 138,736 | | | | 9,078,315 | |
| SAP AG | | | | 73,500 | | | | 3,268,342 | |
| | | | | | | | | | | | | | 55,166,695 | |
| |
Greece—0.3% | | | |
| Hellenic Petroleum SA | | | | 209,782 | | | | 1,491,476 | |
| Motor Oil Hellas Corinth Refineries SA | | | | 57,700 | | | | 506,100 | |
| Public Power Corp. SA | | | | 36,625 | | | | 525,140 | |
| | | | | | | | | | | | | | 2,522,716 | |
| |
Hong Kong—5.1% | | | |
| Bank of East Asia Ltd. | | | | 137,396 | | | | 495,669 | |
| Beijing Enterprises Holdings Ltd. | † | | | 331,699 | | | | 2,153,291 | |
| China Merchants Holdings International Co. Ltd. | | | | 577,714 | | | | 1,907,179 | |
| China Mobile Ltd. | | | | 541,500 | | | | 5,381,345 | |
| China Resources Power Holdings Co. Ltd. | | | | 376,000 | | | | 852,220 | |
| Chow Sang Sang Holdings International Ltd. | | | | 378,000 | | | | 638,521 | |
| CLP Holdings Ltd. | † | | | 480,000 | | | | 3,474,285 | |
| CNOOC Ltd. | | | | 2,511,000 | | | | 4,267,892 | |
| Esprit Holdings Ltd. | | | | 684,527 | | | | 3,676,843 | |
| Hengan International Group Co. Ltd. | | | | 126,000 | | | | 1,020,277 | |
| Hong Kong & China Gas Co. Ltd. | | | | 1,155,000 | | | | 2,856,032 | |
| Hongkong Electric Holdings Ltd. | † | | | 787,500 | | | | 4,690,578 | |
| Huabao International Holdings Ltd. | | | | 1,572,992 | | | | 2,010,632 | |
| Hutchison Whampoa Ltd. | | | | 478,000 | | | | 2,941,645 | |
| Jardine Matheson Holdings Ltd. | | | | 39,600 | | | | 1,385,914 | |
| Li & Fung Ltd. | ˆ | | | 62,000 | | | | 280,860 | |
| Li & Fund Ltd. | | | | 478,000 | | | | 2,135,088 | |
| NWS Holdings Ltd. | | | | 605,196 | | | | 1,093,852 | |
| Sun Hung Kai Properties Ltd. | | | | 69,000 | | | | 943,642 | |
| Wheelock & Co. Ltd. | | | | 2,583,000 | | | | 7,281,777 | |
| | | | | | | | | | | | | | 49,487,542 | |
| |
India—0.5% | | | |
| Axis Bank Ltd., Reg S GDR | | | | 110,856 | | | | 2,925,137 | |
| ICICI Bank Ltd. ADR | | | | 44,339 | | | | 1,602,412 | |
| | | | | | | | | | | | | | 4,527,549 | |
| |
Indonesia—0.2% |
| Perusahaan Gas Negara PT | | | | 3,647,000 | | | | 1,546,038 | |
| |
Ireland—1.2% | | | |
| Accenture plc, Class A | | | | 74,593 | | | | 2,883,020 | |
| Covidien plc | | | | 80,884 | | | | 3,249,919 | |
| Experian plc | | | | 397,821 | | | | 3,459,575 | |
| Shire plc | | | | 77,736 | | | | 1,594,695 | |
| | | | | | | | | | | | | | 11,187,209 | |
| |
Israel—0.1% | | | |
| Teva Pharmaceutical Industries Ltd. ADR | | | | 13,748 | | | | 714,758 | |
| |
Italy—1.7% | | | |
| DiaSorin SpA | | | | 81,200 | | | | 2,974,362 | |
| Enel SpA | | | | 659,408 | | | | 2,792,042 | |
| ENI SpA | | | | 43,400 | | | | 796,653 | |
| Intesa Sanpaolo SpA | | | | 2,641,001 | | | | 6,955,597 | |
| Saipem SpA | | | | 76,962 | | | | 2,344,126 | |
| Sorin SpA | * | | | 457,900 | | | | 805,153 | |
| | | | | | | | | | | | | | 16,667,933 | |
| |
Japan—19.1% | | | |
| Aeon Mall Co. Ltd. | | | | 116,500 | | | | 2,307,933 | |
| Asahi Glass Co. Ltd. | | | | 86,000 | | | | 807,525 | |
| Canon, Inc. | | | | 350,400 | | | | 13,059,216 | |
| Chugai Pharmaceutical Co. Ltd. | † | | | 167,200 | | | | 2,976,109 | |
| Daikin Industries Ltd. | | | | 98,000 | | | | 2,988,051 | |
| Daito Trust Construction Co. Ltd. | | | | 80,300 | | | | 4,547,281 | |
| Denso Corp. | | | | 169,602 | | | | 4,687,614 | |
| Fanuc Ltd. | | | | 43,000 | | | | 4,855,670 | |
| FCC Co. Ltd. | | | | 55,000 | | | | 1,027,728 | |
| Fujitsu Frontech Ltd. | | | | 108,700 | | | | 816,804 | |
| Fujitsu Ltd. | | | | 846,000 | | | | 5,288,197 | |
| Geo Corp. | | | | 1,050 | | | | 1,273,890 | |
| Hirose Electric Co. Ltd. | † | | | 30,600 | | | | 2,802,452 | |
| Hitachi Capital Corp. | | | | 91,300 | | | | 1,214,126 | |
| Hitachi Ltd. | * | | | 250,000 | | | | 908,077 | |
| Honda Motor Co. Ltd. | | | | 169,712 | | | | 4,984,924 | |
| HOYA Corp. | | | | 100,000 | | | | 2,127,768 | |
| INPEX Corp. | | | | 381 | | | | 2,113,222 | |
| ITOCHU Corp. | | | | 289,000 | | | | 2,259,247 | |
| JFE Holdings, Inc. | | | | 24,622 | | | | 761,731 | |
| Kao Corp. | | | | 474,700 | | | | 11,169,146 | |
| KDDI Corp. | | | | 1,146 | | | | 5,462,621 | |
| Keihin Corp. | | | | 91,900 | | | | 1,586,946 | |
| Keyence Corp. | | | | 16,520 | | | | 3,820,124 | |
| Komatsu Ltd. | | | | 126,600 | | | | 2,279,576 | |
| Kuroda Electric Co. Ltd. | | | | 146,600 | | | | 1,904,686 | |
| Marubeni Corp. | | | | 971,000 | | | | 4,977,737 | |
| Miraca Holdings, Inc. | | | | 59,600 | | | | 1,783,946 | |
| Mitsubishi Corp. | | | | 125,700 | | | | 2,600,537 | |
| Mitsubishi Estate Co. Ltd. | | | | 208,000 | | | | 2,895,708 | |
| Mitsui & Co. Ltd. | | | | 593,700 | | | | 6,925,978 | |
| Miyachi Corp. | | | | 89,200 | | | | 642,371 | |
| Miyazaki Bank Ltd. (The) | | | | 310,000 | | | | 876,607 | |
| Nichirei Corp. | | | | 247,000 | | | | 1,037,913 | |
| Nintendo Co. Ltd. | | | | 12,900 | | | | 3,787,559 | |
| Nippon Telegraph & Telephone Corp. | | | | 127,521 | | | | 5,194,681 | |
| Nissan Motor Co. Ltd. | * | | | 149,400 | | | | 1,041,091 | |
| Nitori Co. Ltd. | | | | 18,150 | | | | 1,564,513 | |
| Nitto Denko Corp. | | | | 28,500 | | | | 934,896 | |
| NTT DoCoMo, Inc. | | | | 2,357 | | | | 3,569,181 | |
See accompanying notes to financial statements.
151
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
| Okinawa Electric Power Co., Inc. (The) | | | | 22,700 | | | $ | 1,150,360 | |
| Seven & I Holdings Co. Ltd. | | | | 382,900 | | | | 8,772,733 | |
| Shimamura Co. Ltd. | | | | 27,000 | | | | 2,441,267 | |
| Shin-Etsu Chemical Co. Ltd. | | | | 63,200 | | | | 2,938,496 | |
| Siix Corp. | | | | 213,900 | | | | 2,371,048 | |
| Sumitomo Corp. | | | | 607,700 | | | | 6,069,104 | |
| Suzuki Motor Corp. | | | | 103,976 | | | | 2,040,572 | |
| Takeda Pharmaceutical Co. Ltd. | | | | 275,200 | | | | 11,820,571 | |
| Tokio Marine Holdings, Inc. | | | | 378,000 | | | | 9,937,563 | |
| Toyota Motor Corp. | | | | 239,500 | | | | 8,228,897 | |
| Unipres Corp. | † | | | 137,900 | | | | 2,155,717 | |
| | | | | | | | | | | | | | 183,789,710 | |
| |
Kazakhstan—0.1% | | | |
| KazMunaiGas Exploration Production GDR | | | | 52,387 | | | | 965,068 | |
| |
Korea, Republic of—1.1% | | | |
| GS Holdings | | | | 28,600 | | | | 890,775 | |
| KB Financial Group, Inc. | | | | 23,386 | | | | 896,404 | |
| Korea Electric Power Corp. | * | | | 28,000 | | | | 722,537 | |
| KT&G Corp. | | | | 39,145 | | | | 1,924,402 | |
| LIG Insurance Co. Ltd. | | | | 162,600 | | | | 3,223,311 | |
| NHN Corp. | * | | | 3,864 | | | | 574,690 | |
| Woori Finance Holdings Co. Ltd. | | | | 239,800 | | | | 2,820,944 | |
| | | | | | | | | | | | | | 11,053,063 | |
| |
Macau—0.5% | | | |
| Sands China Ltd. | * | | | 1,825,592 | | | | 2,698,188 | |
| Wynn Macau Ltd. | *ˆ† | | | 4,900 | | | | 8,085 | |
| Wynn Macau Ltd. | *† | | | 1,592,300 | | | | 2,596,526 | |
| | | | | | | | | | | | | | 5,302,799 | |
| |
Malaysia—0.1% | | | |
| Maxis Bhd | | | | 747,000 | | | | 1,217,089 | |
| |
Netherlands—4.5% | | | |
| Akzo Nobel NV | | | | 35,766 | | | | 1,858,936 | |
| ASML Holding NV | | | | 443,302 | | | | 12,199,611 | |
| CSM NV | | | | 45,700 | | | | 1,357,220 | |
| ING Groep NV CVA | * | | | 431,065 | | | | 3,190,103 | |
| Koninklijke Philips Electronics NV | | | | 29,400 | | | | 877,945 | |
| Reed Elsevier NV | | | | 538,401 | | | | 5,960,224 | |
| Royal Dutch Shell plc, Class A | | | | 442,260 | | | | 11,117,382 | |
| Royal Dutch Shell plc, Class B | | | | 169,700 | | | | 4,101,769 | |
| TNT NV | | | | 93,874 | | | | 2,364,414 | |
| | | | | | | | | | | | | | 43,027,604 | |
| |
Norway—0.2% | | | |
| DnB NOR ASA | | | | 82,300 | | | | 791,578 | |
| Statoil ASA | | | | 39,900 | | | | 768,666 | |
| | | | | | | | | | | | | | 1,560,244 | |
| |
Peru—0.0% | | | |
| Credicorp Ltd. | | | | 1,400 | | | | 127,246 | |
| |
Philippines—0.1% | | | |
| Philippine Long Distance Telephone Co. ADR | | | | 25,400 | | | | 1,294,638 | |
| |
Russia—0.2% |
| Gazprom OAO ADR | | | | 44,163 | | | | 830,706 | |
| Lukoil OAO ADR | | | | 20,700 | | | | 1,066,050 | |
| | | | | | | | | | | | | | 1,896,756 | |
| |
Singapore—3.8% | | | |
| CapitaLand Ltd. | | | | 341,000 | | | | 869,531 | |
| DBS Group Holdings Ltd. | | | | 390,000 | | | | 3,784,907 | |
| Genting Singapore plc | * | | | 1,454,658 | | | | 1,203,161 | |
| Oversea-Chinese Banking Corp. Ltd. | | | | 1,191,343 | | | | 7,502,025 | |
| Singapore Telecommunications Ltd. | | | | 4,388,000 | | | | 9,486,478 | |
| United Overseas Bank Ltd. | | | | 552,616 | | | | 7,687,921 | |
| Wilmar International Ltd. | | | | 1,531,100 | | | | 6,264,577 | |
| | | | | | | | | | | | | | 36,798,600 | |
| |
South Africa—0.4% | | | |
| African Bank Investments Ltd. | | | | 273,232 | | | | 1,072,346 | |
| Sasol Ltd. | | | | 44,759 | | | | 1,590,094 | |
| Tiger Brands Ltd. | | | | 52,753 | | | | 1,166,522 | |
| | | | | | | | | | | | | | 3,828,962 | |
| |
Spain—3.1% | | | |
| Amadeus IT Holding SA, Class A | *ˆ | | | 42,496 | | | | 675,686 | |
| Amadeus IT Holding SA, Class A | * | | | 49,037 | | | | 779,419 | |
| Antena 3 de Television SA | † | | | 112,300 | | | | 635,703 | |
| Banco Santander SA | | | | 410,929 | | | | 4,309,079 | |
| Construcciones y Auxiliar de Ferrocarriles SA | | | | 4,134 | | | | 1,683,044 | |
| Corporacion Financiera Alba, SA | | | | 18,338 | | | | 675,562 | |
| Iberdrola SA | *‡ | | | 43,282 | | | | 243,269 | |
| Iberdrola SA | | | | 1,125,368 | | | | 6,325,198 | |
| Inditex SA | | | | 97,357 | | | | 5,551,430 | |
| Telefonica SA | | | | 428,270 | | | | 7,933,569 | |
| Viscofan SA | | | | 39,857 | | | | 1,074,621 | |
| | | | | | | | | | | | | | 29,886,580 | |
| |
Sweden—1.3% | | | |
| Electrolux AB, Series B | | | | 217,776 | | | | 4,978,538 | |
| Hennes & Mauritz AB, Class B | | | | 116,000 | | | | 3,187,955 | |
| NCC AB, Class B | | | | 54,200 | | | | 805,817 | |
| Nordea Bank AB | | | | 84,700 | | | | 698,450 | |
| Sandvik AB | | | | 133,585 | | | | 1,629,462 | |
| Skanska AB, Class B | | | | 56,994 | | | | 824,566 | |
| | | | | | | | | | | | | | 12,124,788 | |
| |
Switzerland—7.1% | | | |
| Adecco SA (Registered) | † | | | 142,339 | | | | 6,790,541 | |
| Clariant AG | * | | | 285,800 | | | | 3,618,916 | |
| Credit Suisse Group AG (Registered) | | | | 39,017 | | | | 1,466,931 | |
| Georg Fischer AG | * | | | 2,747 | | | | 895,030 | |
| Holcim Ltd. (Registered) | | | | 59,500 | | | | 3,983,038 | |
| Nestle SA (Registered) | | | | 214,308 | | | | 10,333,682 | |
| Nobel Biocare Holding AG (Registered) | † | | | 72,000 | | | | 1,239,433 | |
| Novartis AG (Registered) | | | | 331,405 | | | | 16,060,923 | |
| Roche Holding AG (Genusschein) | | | | 22,534 | | | | 3,101,618 | |
See accompanying notes to financial statements.
152
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
International Fund
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COMMON STOCKS—(Continued) |
| Roche Holding AG (Registered) | | | | 5,666 | | | $ | 823,272 | |
| Schindler Holding AG (Participation Certificates) | | | | 12,300 | | | | 1,036,723 | |
| SGS SA (Registered) | | | | 2,500 | | | | 3,374,130 | |
| STMicroelectronics NV | | | | 105,700 | | | | 840,509 | |
| UBS AG (Registered) | * | | | 338,349 | | | | 4,482,386 | |
| Xstrata plc | | | | 290,349 | | | | 3,802,021 | |
| Zurich Financial Services AG (Registered) | | | | 27,565 | | | | 6,075,701 | |
| | | | | | | | | | | | | | 67,924,854 | |
| |
Taiwan—0.8% | | | |
| Asustek Computer, Inc. | | | | 136,200 | | | | 1,003,264 | |
| Chunghwa Telecom Co. Ltd. | | | | 803,363 | | | | 1,590,715 | |
| Chunghwa Telecom Co. Ltd. ADR | | | | 7,181 | | | | 141,394 | |
| MediaTek, Inc. | | | | 94,000 | | | | 1,312,031 | |
| Pegatron Corp. | * | | | 229,584 | | | | 214,711 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | | | | 153,428 | | | | 1,497,457 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | | | | 1,150,000 | | | | 2,149,401 | |
| | | | | | | | | | | | | | 7,908,973 | |
| |
Thailand—0.1% | | | |
| PTT PCL | ‡ | | | 182,600 | | | | 1,372,825 | |
| |
Turkey—0.4% | | | |
| Coca-Cola Icecek AS | | | | 20,620 | | | | 182,861 | |
| Tupras Turkiye Petrol Rafine | | | | 74,362 | | | | 1,348,880 | |
| Turkcell Iletisim Hizmet AS | | | | 179,345 | | | | 930,209 | |
| Turkiye Garanti Bankasi AS | | | | 252,182 | | | | 1,049,489 | |
| | | | | | | | | | | | | | 3,511,439 | |
| |
United Kingdom—13.6% | | | |
| Anglo American plc | * | | | 114,100 | | | | 3,975,835 | |
| Antofagasta plc | | | | 123,601 | | | | 1,438,053 | |
| AstraZeneca plc (London Exchange) | | | | 140,594 | | | | 6,628,423 | |
| Aviva plc | | | | 874,055 | | | | 4,061,900 | |
| Barclays plc | | | | 1,217,100 | | | | 4,858,060 | |
| BG Group plc | | | | 176,000 | | | | 2,617,620 | |
| BP plc | | | | 2,095,626 | | | | 10,032,111 | |
| British American Tobacco plc | | | | 67,267 | | | | 2,134,773 | |
| Cairn Energy plc | * | | | 360,000 | | | | 2,211,628 | |
| Centrica plc | | | | 849,000 | | | | 3,746,655 | |
| Debenhams plc | * | | | 3,850,330 | | | | 3,026,841 | |
| Diageo plc | | | | 80,125 | | | | 1,258,596 | |
| Eurasian Natural Resources Corp. plc | | | | 90,311 | | | | 1,149,195 | |
| GlaxoSmithKline plc | | | | 800,161 | | | | 13,587,427 | |
| HSBC Holdings plc (Hong Kong Exchange) | † | | | 85,933 | | | | 787,863 | |
| HSBC Holdings plc (London Exchange) | | | | 607,702 | | | | 5,551,786 | |
| Imperial Tobacco Group plc | | | | 61,881 | | | | 1,728,998 | |
| Kazakhmys plc | | | | 332,219 | | | | 4,876,629 | |
| Kingfisher plc | | | | 850,155 | | | | 2,663,165 | |
| Reckitt Benckiser Group plc | | | | 70,800 | | | | 3,293,216 | |
| Rio Tinto plc | | | | 17,100 | | | | 750,936 | |
| Smith & Nephew plc | | | | 613,490 | | | | 5,795,977 | |
| Standard Chartered plc (London Exchange) | | | | 155,000 | | | | 3,774,315 | |
| Tesco plc | | | | 1,716,843 | | | | 9,685,422 | |
| Tullett Prebon plc | | | | 155,236 | | | | 728,390 | |
| Unilever plc | | | | 449,406 | | | | 12,013,532 | |
| Vedanta Resources plc | | | | 29,562 | | | | 928,820 | |
| Vodafone Group plc | | | | 6,671,127 | | | | 13,745,807 | |
| Wm Morrison Supermarkets plc | | | | 850,000 | | | | 3,358,809 | |
| | | | | | | | | | | | | | 130,410,782 | |
| |
United States—0.6% | | | |
| Philip Morris International, Inc. | | | | 59,147 | | | | 2,711,299 | |
| Synthes, Inc. | | | | 27,200 | | | | 3,127,466 | |
| | | | | | | | | | | | | | 5,838,765 | |
| |
TOTAL COMMON STOCKS |
| (Cost $1,002,102,819) | | | | | | 920,412,749 | |
| |
PREFERRED STOCKS—0.1% |
Korea, Republic of—0.1% | | | |
Hyundai Motor Co.
| | | | 10,122 | | | | 426,914 | |
| |
CASH EQUIVALENTS—9.0% |
Institutional Money Market Funds—9.0% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 8,000,000 | | | | 8,000,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 37,717,481 | | | | 37,717,481 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 11,206,321 | | | | 11,206,321 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 7,000,000 | | | | 7,000,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 7,000,000 | | | | 7,000,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 8,000,000 | | | | 8,000,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 8,000,000 | | | | 8,000,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $86,923,802) | | | | | | 86,923,802 | |
| |
TOTAL INVESTMENTS—104.9% | | | |
| (Cost $1,089,372,134) | | 1,007,763,465 | |
| Other assets less liabilities—(4.9%) | | (47,098,444 | ) |
| |
NET ASSETS—100.0% | $ | 960,665,021 | |
See accompanying notes to financial statements.
153
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
International Fund
Notes to the Schedule of Investments: |
| ADR | | | | American Depositary Receipt |
| CVA | | | | Dutch Certificate of Shares |
| 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 the 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 amounted to $964,631, which represents 0.1% of Total Investments. |
| ‡ | | | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
154
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint
International Fund
Percentage of Portfolio by Industry:COMMON STOCKS |
| Commercial Banks | | 9.9 | % |
| Pharmaceuticals | | 7.8 | % |
| Oil, Gas & Consumable Fuels | | 7.0 | % |
| Diversified Telecommunication Services | | 5.1 | % |
| Food & Staples Retailing | | 4.6 | % |
| Insurance | | 4.4 | % |
| Food Products | | 3.9 | % |
| Metals & Mining | | 3.7 | % |
| Wireless Telecommunication Services | | 3.3 | % |
| Automobiles | | 2.7 | % |
| Trading Companies & Distributors | | 2.6 | % |
| Electric Utilities | | 2.6 | % |
| Health Care Equipment & Supplies | | 2.4 | % |
| Semiconductors & Semiconductor Equipment | | 2.3 | % |
| Specialty Retail | | 2.3 | % |
| Real Estate Management & Development | | 2.0 | % |
| Chemicals | | 1.8 | % |
| Personal Products | | 1.7 | % |
| Machinery | | 1.4 | % |
| Professional Services | | 1.4 | % |
| Capital Markets | | 1.4 | % |
| Office Electronics | | 1.4 | % |
| Multi-Utilities | | 1.3 | % |
| Electronic Equipment, Instruments & Components | | 1.3 | % |
| Building Products | | 1.2 | % |
| Hotels, Restaurants & Leisure | | 1.0 | % |
| Auto Components | | 1.0 | % |
| Construction & Engineering | | 0.9 | % |
| Tobacco | | 0.9 | % |
| Industrial Conglomerates | | 0.9 | % |
| Beverages | | 0.9 | % |
| Media | | 0.8 | % |
| Computers & Peripherals | | 0.8 | % |
| IT Services | | 0.7 | % |
| Real Estate Investment Trusts (REITs) | | 0.7 | % |
| Energy Equipment & Services | | 0.7 | % |
| Software | | 0.7 | % |
| Air Freight & Logistics | | 0.6 | % |
| Multiline Retail | | 0.5 | % |
| Household Durables | | 0.5 | % |
| Diversified Financial Services | | 0.5 | % |
| Textiles, Apparel & Luxury Goods | | 0.5 | % |
| Gas Utilities | | 0.5 | % |
| Construction Materials | | 0.4 | % |
| Road & Rail | | 0.4 | % |
| Transportation Infrastructure | | 0.3 | % |
| Health Care Providers & Services | | 0.3 | % |
| Household Products | | 0.3 | % |
| Internet Software & Services | | 0.3 | % |
| Biotechnology | | 0.3 | % |
| Distributors | | 0.3 | % |
| Consumer Finance | | 0.1 | % |
| Commercial Services & Supplies | | 0.1 | % |
| Electrical Equipment | | 0.1 | % |
| Marine | | 0.1 | % |
| Independent Power Producers & Energy Traders | | 0.1 | % |
| Paper & Forest Products | | 0.1 | % |
| | | | | | | | 95.8 | % |
| |
PREFERRED STOCKS |
| Automobiles | | 0.1 | % |
| |
TOTAL COMMON
STOCKS/PREFERRED STOCKS | | | | | | | 95.9 | % |
| |
CASH EQUIVALENTS |
| Institutional Money Market Funds | | | | | | | 9.0 | % |
| |
TOTAL INVESTMENTS | | | | | | | 104.9 | % |
| Other assets less liabilities | | | | | | | (4.9 | )% |
| |
TOTAL NET ASSETS | | | | | | | 100.0 | % |
See accompanying notes to financial statements.
155
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
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COMMON STOCKS—1.9% |
Biotechnology—0.1% |
| Amgen, Inc. | * | | | 13,000 | | | $ | 683,800 | |
| |
Capital Markets—0.1% |
| Franklin Resources, Inc. | | | | 8,000 | | | | 689,520 | |
| |
Electrical Equipment—0.2% |
| ABB Ltd. (Registered) (Switzerland) | * | | | 78,000 | | | | 1,358,027 | |
| |
Energy Equipment & Services—0.0% |
| Halliburton Co. | | | | 15,000 | | | | 368,250 | |
| |
Food Products—0.1% |
| Nestle SA (Registered) (Switzerland) | | | | 18,000 | | | | 867,939 | |
| |
Health Care Equipment & Supplies—0.0% |
| Medtronic, Inc. | | | | 9,000 | | | | 326,430 | |
| |
Hotels, Restaurants & Leisure—0.1% |
| Carnival Corp. | | | | 13,000 | | | | 393,120 | |
| |
Internet Software & Services—0.1% |
| eBay, Inc. | * | | | 35,000 | | | | 686,350 | |
| |
Oil, Gas & Consumable Fuels—0.1% |
| Apache Corp. | | | | 8,000 | | | | 673,520 | |
| Nexen, Inc. (Canada) | | | | 18,000 | | | | 354,065 | |
| | | | | | | | | | | | | | 1,027,585 | |
| |
Pharmaceuticals—0.2% |
| Novo Nordisk A/S, Class B (Denmark) | | | | 12,000 | | | | 969,513 | |
| Shire plc (Ireland) | | | | 40,000 | | | | 820,570 | |
| | | | | | | | | | | | | | 1,790,083 | |
| |
Semiconductors & Semiconductor Equipment—0.3% |
| ARM Holdings plc (United Kingdom) | | | | 450,000 | | | | 1,862,499 | |
| |
Software—0.2% |
| Autonomy Corp. plc (United Kingdom) | * | | | 50,000 | | | | 1,362,919 | |
| |
Textiles, Apparel & Luxury Goods—0.4% |
| Swatch Group AG (The) (Registered) (Switzerland) | | | | 42,000 | | | | 2,146,344 | |
| Yue Yuen Industrial Holdings Ltd. (Hong Kong) | | | | 197,000 | | | | 611,460 | |
| | | | | | | | | | | | | | 2,757,804 | |
| |
TOTAL COMMON STOCKS |
| (Cost $14,468,317) | | | | | | 14,174,326 | |
| |
CONVERTIBLE PREFERRED STOCKS—1.1% |
Commercial Banks—0.1% |
| Wells Fargo & Co., Perpetual, Series L, Class A 7.500% | | | | 1,000 | | | | 931,000 | |
| |
Diversified Financial Services—0.3% |
| Bank of America Corp., Perpetual, Series L 7.250% | | | | 1,000 | | | | 908,000 | |
| Vale Capital II (Cayman Islands) 6.750% | | | | 17,800 | | | | 1,250,450 | |
| | | | | | | | | | | | | | 2,158,450 | |
| |
Food Products—0.4% |
| Archer-Daniels-Midland Co. 6.250% | | | | 25,000 | | | | 905,250 | |
| Bunge Ltd., Perpetual (Bermuda) 4.875% | | | | 20,000 | | | | 1,659,000 | |
| | | | | | | | | | | | | | 2,564,250 | |
| |
Pharmaceuticals—0.1% |
| Mylan, Inc. 6.500% | | | | 800 | | | | 850,392 | |
| |
Wireless Telecommunication Services—0.2% |
| Crown Castle International Corp. 6.250% | | | | 23,938 | | | | 1,346,513 | |
| |
TOTAL CONVERTIBLE PREFERRED STOCKS |
| (Cost $8,473,003) | | | | | | 7,850,605 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—30.9% |
Aerospace & Defense—0.2% |
| General Dynamics Corp. | | | |
| 4.500% | | | | 08/15/2010 | | § | | $ | 900,000 | | | $ | 904,127 | |
| L-3 Communications Corp. | | | |
| 5.875% | | | | 01/15/2015 | | | | | 820,000 | | | | 813,850 | |
| | | | | | | | | | | | | | 1,717,977 | |
| |
Beverages—1.2% |
| Anheuser-Busch InBev Worldwide, Inc. | | | |
| 3.000% | | | | 10/15/2012 | | | | | 410,000 | | | | 421,116 | |
| 2.500% | | | | 03/26/2013 | | ˆ | | | 1,240,000 | | | | 1,255,524 | |
| Coca-Cola Enterprises, Inc. | | | |
| 0.953% | | | | 05/06/2011 | | #§ | | | 2,100,000 | | | | 2,111,264 | |
| Diageo Capital plc (United Kingdom) | | | |
| 5.125% | | | | 01/30/2012 | | | | | 2,700,000 | | | | 2,858,252 | |
| Dr. Pepper Snapple Group, Inc. | | | |
| 1.700% | | | | 12/21/2011 | | § | | | 1,790,000 | | | | 1,800,604 | |
| | | | | | | | | | | | | | 8,446,760 | |
| |
Biotechnology—0.1% |
| Genzyme Corp. | | | |
| 3.625% | | | | 06/15/2015 | | ˆ | | | 730,000 | | | | 739,230 | |
| |
Capital Markets—0.8% |
| Bank of New York Mellon Corp. (The), Series G MTN | | | |
| 0.638% | | | | 03/23/2012 | | #§ | | | 1,530,000 | | | | 1,524,879 | |
| Bear Stearns Cos. LLC (The), Series B MTN | | | |
| 6.950% | | | | 08/10/2012 | | | | | 2,000,000 | | | | 2,194,816 | |
| Macquarie Bank Ltd. (Australia) | | | |
| 2.600% | | | | 01/20/2012 | | ˆ§ | | | 1,050,000 | | | | 1,073,220 | |
| TD Ameritrade Holding Corp. | | | |
| 4.150% | | | | 12/01/2014 | | | | | 760,000 | | | | 789,502 | |
| | | | | | | | | | | | | | 5,582,417 | |
| |
Chemicals—0.9% |
| Airgas, Inc. | | | |
| 2.850% | | | | 10/01/2013 | | | | | 520,000 | | | | 524,765 | |
| Dow Chemical Co. (The) | | | |
| 4.850% | | | | 08/15/2012 | | | | | 3,100,000 | | | | 3,271,696 | |
| 2.624% | | | | 08/08/2011 | | #§ | | | 1,700,000 | | | | 1,726,566 | |
| Hexion US Finance Corp./Hexion Nova Scotia Finance ULC | | | |
| 8.875% | | | | 02/01/2018 | | | | | 250,000 | | | | 226,875 | |
See accompanying notes to financial statements.
156
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Huntsman International LLC | | | |
| 5.500% | | | | 06/30/2016 | | ˆ | | $ | 500,000 | | | $ | 440,000 | |
| | | | | | | | | | | | | | 6,189,902 | |
| |
Commercial Banks—1.8% |
| Banco do Brasil SA (Brazil) | | | |
| 4.500% | | | | 01/22/2015 | | ˆ | | | 1,200,000 | | | | 1,218,000 | |
| Bank of Nova Scotia (Canada) | | | |
| 2.250% | | | | 01/22/2013 | | | | | 2,000,000 | | | | 2,029,122 | |
| Bank of Tokyo-Mitsubishi UFJ Ltd. (Japan) | | | |
| 2.600% | | | | 01/22/2013 | | ˆ | | | 1,170,000 | | | | 1,189,864 | |
| BB&T Corp., Series A MTN | | | |
| 3.375% | | | | 09/25/2013 | | | | | 400,000 | | | | 412,854 | |
| CBQ Finance Ltd. (Bermuda) | | | |
| 5.000% | | | | 11/18/2014 | | ˆ | | | 750,000 | | | | 761,498 | |
| ICICI Bank Ltd. (India) | | | |
| 5.500% | | | | 03/25/2015 | | ˆ | | | 900,000 | | | | 931,244 | |
| National Australia Bank Ltd. (Australia) | | | |
| 1.014% | | | | 01/08/2013 | | #ˆ | | | 1,360,000 | | | | 1,361,988 | |
| US Bancorp | | | |
| 4.200% | | | | 05/15/2014 | | | | | 800,000 | | | | 856,516 | |
| US Bancorp, Series R MTN | | | |
| 2.125% | | | | 02/15/2013 | | | | | 550,000 | | | | 559,205 | |
| Wachovia Corp. | | | |
| 0.433% | | | | 10/15/2011 | | #§ | | | 2,000,000 | | | | 1,986,188 | |
| Wells Fargo & Co., Series E MTN | | | |
| 3.980% | | | | 10/29/2010 | | | | | 255,000 | | | | 257,110 | |
| Wells Fargo & Co., Series I MTN | | | |
| 3.750% | | | | 10/01/2014 | | | | | 420,000 | | | | 430,428 | |
| Westpac Banking Corp. (Australia) | | | |
| 2.250% | | | | 11/19/2012 | | | | | 700,000 | | | | 706,357 | |
| | | | | | | | | | | | | | 12,700,374 | |
| |
Commercial Services & Supplies—0.2% |
| Ceridian Corp. | | | |
| 11.250% | | | | 11/15/2015 | | | | | 500,000 | | | | 453,750 | |
| Corrections Corp. of America | | | |
| 6.250% | | | | 03/15/2013 | | | | | 815,000 | | | | 825,188 | |
| Valassis Communications, Inc. | | | |
| 8.250% | | | | 03/01/2015 | | | | | 224,000 | | | | 232,400 | |
| | | | | | | | | | | | | | 1,511,338 | |
| |
Communications Equipment—0.3% |
| Cisco Systems, Inc. | | | |
| 5.250% | | | | 02/22/2011 | | § | | | 1,982,000 | | | | 2,036,210 | |
| |
Computers & Peripherals—1.1% |
| Hewlett-Packard Co. | | | |
| 4.250% | | | | 02/24/2012 | | | | | 1,929,000 | | | | 2,033,588 | |
| 2.250% | | | | 05/27/2011 | | § | | | 2,250,000 | | | | 2,281,622 | |
| International Business Machines Corp. | | | |
| 4.950% | | | | 03/22/2011 | | | | | 1,250,000 | | | | 1,284,750 | |
| 2.100% | | | | 05/06/2013 | | | | | 630,000 | | | | 642,449 | |
| 0.384% | | | | 11/04/2011 | | #§ | | | 1,400,000 | | | | 1,401,725 | |
| | | | | | | | | | | | | | 7,644,134 | |
| |
Consumer Finance—1.1% |
| American Honda Finance Corp. | | | |
| 2.375% | | | | 03/18/2013 | | ˆ | | | 530,000 | | | | 537,721 | |
| Ford Motor Credit Co. LLC | | | |
| 8.125% | | | | 01/15/2020 | | | | | 500,000 | | | | 511,187 | |
| 7.000% | | | | 10/01/2013 | | | | | 645,000 | | | | 658,154 | |
| John Deere Capital Corp. MTN |
| 1.287% | | | | 06/10/2011 | | # | | | 2,200,000 | | | | 2,215,602 | |
| John Deere Capital Corp., Series D MTN | | | |
| 5.350% | | | | 01/17/2012 | | § | | | 2,150,000 | | | | 2,289,290 | |
| PACCAR Financial Corp. MTN | | | |
| 0.798% | | | | 04/05/2013 | | # | | | 1,850,000 | | | | 1,848,990 | |
| | | | | | | | | | | | | | 8,060,944 | |
| |
Containers & Packaging—0.0% |
| Bemis Co., Inc. | | | |
| 5.650% | | | | 08/01/2014 | | | | | 290,000 | | | | 319,636 | |
| |
Diversified Consumer Services—0.1% |
| Stanford University | | | |
| 3.625% | | | | 05/01/2014 | | | | | 500,000 | | | | 532,121 | |
| |
Diversified Financial Services—1.4% |
| CME Group, Inc. | | | |
| 5.750% | | | | 02/15/2014 | | | | | 1,000,000 | | | | 1,113,201 | |
| Equifax, Inc. | | | |
| 4.450% | | | | 12/01/2014 | | | | | 160,000 | | | | 166,886 | |
| General Electric Capital Corp. | | | |
| 5.900% | | | | 05/13/2014 | | | | | 430,000 | | | | 475,053 | |
| 2.800% | | | | 01/08/2013 | | | | | 1,100,000 | | | | 1,112,885 | |
| General Electric Capital Corp., Series A MTN | | | |
| 6.125% | | | | 02/22/2011 | | § | | | 3,500,000 | | | | 3,613,050 | |
| General Electric Capital Corp., Series A | | | |
| 3.750% | | | | 11/14/2014 | | | | | 750,000 | | | | 768,004 | |
| JPMorgan Chase & Co., Series F MTN | | | |
| 1.286% | | | | 06/13/2011 | | #§ | | | 500,000 | | | | 502,866 | |
| NASDAQ OMX Group, Inc. (The) | | | |
| 4.000% | | | | 01/15/2015 | | | | | 1,210,000 | | | | 1,231,554 | |
| Noble Group Ltd. (Bermuda) | | | |
| 8.500% | | | | 05/30/2013 | | ˆ | | | 530,000 | | | | 585,085 | |
| Petroplus Finance Ltd. (Bermuda) | | | |
| 9.375% | | | | 09/15/2019 | | ˆ | | | 500,000 | | | | 432,500 | |
| | | | | | | | | | | | | | 10,001,084 | |
| |
Diversified Telecommunication Services—2.6% |
| AT&T, Inc. | | | |
| 6.250% | | | | 03/15/2011 | | § | | | 3,203,000 | | | | 3,319,288 | |
| 4.850% | | | | 02/15/2014 | | | | | 600,000 | | | | 657,694 | |
| British Telecommunications plc (United Kingdom) | | | |
| 9.375% | | | | 12/15/2010 | | | | | 1,850,000 | | | | 1,913,525 | |
| Cellco Partnership/Verizon Wireless Capital LLC | | | |
| 5.550% | | | | 02/01/2014 | | | | | 500,000 | | | | 561,032 | |
| 3.750% | | | | 05/20/2011 | | § | | | 3,800,000 | | | | 3,892,910 | |
| 3.065% | | | | 05/20/2011 | | # | | | 500,000 | | | | 511,273 | |
| Cincinnati Bell, Inc. | | | |
| 8.250% | | | | 10/15/2017 | | | | | 500,000 | | | | 470,000 | |
| France Telecom SA (France) | | | |
| 7.750% | | | | 03/01/2011 | | § | | | 2,750,000 | | | | 2,870,087 | |
| Frontier Communications Corp. | | | |
| 6.250% | | | | 01/15/2013 | | | | | 820,000 | | | | 826,150 | |
| PAETEC Holding Corp. | | | |
| 8.875% | | | | 06/30/2017 | | ˆ | | | 500,000 | | | | 502,500 | |
| Qtel International Finance Ltd. (Bermuda) | | | |
| 6.500% | | | | 06/10/2014 | | ˆ | | | 650,000 | | | | 712,583 | |
| Telcordia Technologies, Inc. | | | |
| 11.000% | | | | 05/01/2018 | | ˆ | | | 500,000 | | | | 477,500 | |
| Telefonica Emisiones SAU (Spain) | | | |
| 2.582% | | | | 04/26/2013 | | | | | 1,260,000 | | | | 1,252,174 | |
| Windstream Corp. | | | |
| 8.125% | | | | 08/01/2013 | | | | | 765,000 | | | | 794,644 | |
| | | | | | | | | | | | | | 18,761,360 | |
See accompanying notes to financial statements.
157
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Electric Utilities—3.8% |
| Columbus Southern Power Co. | | | |
| 0.937% | | | | 03/16/2012 | | # | | $ | 1,490,000 | | | $ | 1,488,167 | |
| Columbus Southern Power Co., Series C | | | |
| 5.500% | | | | 03/01/2013 | | | | | 750,000 | | | | 817,206 | |
| Commonwealth Edison Co., Series 105 | | | |
| 5.400% | | | | 12/15/2011 | | § | | | 3,217,000 | | | | 3,404,937 | |
| Consumers Energy Co., Series D | | | |
| 5.375% | | | | 04/15/2013 | | | | | 575,000 | | | | 626,576 | |
| Dominion Resources, Inc. | | | |
| 4.750% | | | | 12/15/2010 | | | | | 360,000 | | | | 366,272 | |
| Duke Energy Carolinas LLC | | | |
| 6.250% | | | | 01/15/2012 | | § | | | 2,625,000 | | | | 2,829,041 | |
| Florida Power & Light Co. | | | |
| 4.850% | | | | 02/01/2013 | | | | | 2,000,000 | | | | 2,159,654 | |
| FPL Group Capital, Inc. | | | |
| 5.625% | | | | 09/01/2011 | | § | | | 1,583,000 | | | | 1,655,527 | |
| 1.419% | | | | 06/17/2011 | | # | | | 550,000 | | | | 553,689 | |
| Georgia Power Co. | | | |
| 0.857% | | | | 03/15/2013 | | #§ | | | 1,700,000 | | | | 1,703,130 | |
| Mirant Americas Generation LLC | | | |
| 8.300% | | | | 05/01/2011 | | | | | 320,000 | | | | 328,000 | |
| Northern States Power Co. | | | |
| 4.750% | | | | 08/01/2010 | | | | | 2,300,000 | | | | 2,307,937 | |
| Northern States Power Co., Series B | | | |
| 8.000% | | | | 08/28/2012 | | | | | 1,039,000 | | | | 1,184,997 | |
| Pacific Gas & Electric Co. | | | |
| 4.200% | | | | 03/01/2011 | | | | | 1,880,000 | | | | 1,918,801 | |
| PSEG Power LLC | | | |
| 7.750% | | | | 04/15/2011 | | | | | 2,300,000 | | | | 2,414,232 | |
| Southern Co., Series 2008-A | | | |
| 1.165% | | | | 08/20/2010 | | # | | | 1,650,000 | | | | 1,651,613 | |
| Southern Co., Series A | | | |
| 5.300% | | | | 01/15/2012 | | § | | | 350,000 | | | | 370,272 | |
| Wisconsin Energy Corp. | | | |
| 6.500% | | | | 04/01/2011 | | § | | | 1,401,000 | | | | 1,456,973 | |
| | | | | | | | | | | | | | 27,237,024 | |
| |
Electrical Equipment—0.3% |
| Emerson Electric Co. | | | |
| 7.125% | | | | 08/15/2010 | | § | | | 2,000,000 | | | | 2,015,815 | |
| |
Electronic Equipment, Instruments &
Components—0.1% |
| Thermo Fisher Scientific, Inc. | | | |
| 2.150% | | | | 12/28/2012 | | | | | 420,000 | | | | 425,118 | |
| |
Energy Equipment & Services—0.3% |
| Halliburton Co. | | | |
| 5.500% | | | | 10/15/2010 | | | | | 2,200,000 | | | | 2,224,598 | |
| |
Food & Staples Retailing—0.1% |
| Safeway, Inc. | | | |
| 5.800% | | | | 08/15/2012 | | | | | 700,000 | | | | 760,836 | |
| |
Food Products—0.8% |
| General Mills, Inc. | | | |
| 6.000% | | | | 02/15/2012 | | § | | | 2,000,000 | | | | 2,155,740 | |
| Kraft Foods, Inc. | | | |
| 5.250% | | | | 10/01/2013 | | | | | 390,000 | | | | 427,359 | |
| 2.625% | | | | 05/08/2013 | | | | | 390,000 | | | | 397,664 | |
| Wm. Wrigley Jr. Co. | | | |
| 3.700% | | | | 06/30/2014 | | ˆ | | | 2,510,000 | | | | 2,541,081 | |
| | | | | | | | | | | | | | 5,521,844 | |
| |
Gas Utilities—0.7% |
| Consolidated Natural Gas Co., Series C | | | |
| 6.250% | | | | 11/01/2011 | | | | | 1,800,000 | | | | 1,908,897 | |
| KeySpan Corp. | | | |
| 7.625% | | | | 11/15/2010 | | | | | 3,397,000 | | | | 3,479,384 | |
| | | | | | | | | | | | | | 5,388,281 | |
| |
Health Care Equipment & Supplies—0.2% |
| Covidien International Finance SA (Luxembourg) | | | |
| 1.875% | | | | 06/15/2013 | | | | | 1,000,000 | | | | 1,006,919 | |
| Stryker Corp. | | | |
| 3.000% | | | | 01/15/2015 | | | | | 790,000 | | | | 816,559 | |
| | | | | | | | | | | | | | 1,823,478 | |
| |
Health Care Providers & Services—0.1% |
| Express Scripts, Inc. | | | |
| 5.250% | | | | 06/15/2012 | | | | | 600,000 | | | | 641,294 | |
| |
Hotels, Restaurants & Leisure—0.4% |
| Isle of Capri Casinos, Inc. | | | |
| 7.000% | | | | 03/01/2014 | | | | | 500,000 | | | | 452,500 | |
| McDonald’s Corp., Series G MTN | | | |
| 5.750% | | | | 03/01/2012 | | | | | 750,000 | | | | 806,918 | |
| Pinnacle Entertainment, Inc. | | | |
| 7.500% | | | | 06/15/2015 | | | | | 500,000 | | | | 471,250 | |
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. | | | |
| 6.625% | | | | 12/01/2014 | | | | | 865,000 | | | | 871,488 | |
| | | | | | | | | | | | | | 2,602,156 | |
| |
Household Durables—0.9% |
| Clorox Co. | | | |
| 6.125% | | | | 02/01/2011 | | § | | | 1,000,000 | | | | 1,029,592 | |
| DR Horton, Inc. | | | |
| 5.375% | | | | 06/15/2012 | | | | | 825,000 | | | | 841,500 | |
| Fortune Brands, Inc. | | | |
| 3.000% | | | | 06/01/2012 | | § | | | 1,950,000 | | | | 1,974,402 | |
| Kimberly-Clark Corp. | | | |
| 0.438% | | | | 07/30/2010 | | #§ | | | 2,200,000 | | | | 2,200,085 | |
| Yankee Acquisition Corp., Series B | | | |
| 8.500% | | | | 02/15/2015 | | | | | 500,000 | | | | 508,125 | |
| | | | | | | | | | | | | | 6,553,704 | |
| |
Household Products—0.3% |
| Procter & Gamble International Funding SCA (Luxembourg) | | | |
| 1.350% | | | | 08/26/2011 | | § | | | 2,420,000 | | | | 2,437,712 | |
| |
Independent Power Producers & Energy Traders—0.1% |
| Calpine Corp. | | | |
| 7.250% | | | | 10/15/2017 | | ˆ | | | 500,000 | | | | 482,500 | |
| |
Industrial Conglomerates—0.1% |
| 3M Co., Series E MTN | | | |
| 4.375% | | | | 08/15/2013 | | | | | 750,000 | | | | 819,044 | |
| |
Insurance—1.7% |
| Allstate Corp. (The) | | | |
| 6.200% | | | | 05/16/2014 | | | | | 510,000 | | | | 579,022 | |
| Berkshire Hathaway Finance Corp. | | | |
| 4.000% | | | | 04/15/2012 | | | | | 750,000 | | | | 789,236 | |
| 0.594% | | | | 01/11/2011 | | # | | | 1,000,000 | | | | 1,001,956 | |
| 0.423% | | | | 01/13/2012 | | # | | | 1,236,000 | | | | 1,236,764 | |
| Berkshire Hathaway, Inc. | | | |
| 0.858% | | | | 02/11/2013 | | #§ | | | 3,770,000 | | | | 3,779,587 | |
See accompanying notes to financial statements.
158
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Hartford Financial Services Group, Inc. | | | |
| 4.000% | | | | 03/30/2015 | | | | $ | 570,000 | | | $ | 560,213 | |
| Prudential Financial, Inc., Series D MTN | | | |
| 5.150% | | | | 01/15/2013 | | § | | | 2,000,000 | | | | 2,117,916 | |
| 5.100% | | | | 12/14/2011 | | § | | | 1,100,000 | | | | 1,148,815 | |
| 3.625% | | | | 09/17/2012 | | | | | 710,000 | | | | 731,666 | |
| 2.750% | | | | 01/14/2013 | | | | | 600,000 | | | | 603,296 | |
| | | | | | | | | | | | | | 12,548,471 | |
| |
Life Sciences Tools & Services—0.1% |
| Howard Hughes Medical Institute | | | |
| 3.450% | | | | 09/01/2014 | | | | | 700,000 | | | | 742,109 | |
| |
Machinery—0.4% |
| Ingersoll-Rand Global Holding Co. Ltd. (Bermuda) | | | |
| 1.923% | | | | 08/13/2010 | | # | | | 805,000 | | | | 806,233 | |
| Siemens Financieringsmaatschappij NV MTN (Netherlands) | | | |
| 0.687% | | | | 03/16/2012 | | # | | | 1,100,000 | | | | 1,093,730 | |
| SPX Corp. | | | |
| 7.625% | | | | 12/15/2014 | | | | | 795,000 | | | | 820,837 | |
| Terex Corp. | | | |
| 8.000% | | | | 11/15/2017 | | | | | 500,000 | | | | 465,000 | |
| | | | | | | | | | | | | | 3,185,800 | |
| |
Media—1.5% |
| CCO Holdings LLC/CCO Holdings Capital Corp. |
| 8.125% | | | | 04/30/2020 | | ˆ | | | 250,000 | | | | 256,875 | |
| Comcast Cable Communications LLC | | | |
| 6.750% | | | | 01/30/2011 | | | | | 1,700,000 | | | | 1,753,441 | |
| Comcast Corp. | | | |
| 5.450% | | | | 11/15/2010 | | | | | 2,233,000 | | | | 2,270,083 | |
| COX Communications, Inc. | | | |
| 7.750% | | | | 11/01/2010 | | | | | 1,700,000 | | | | 1,734,671 | |
| 5.450% | | | | 12/15/2014 | | | | | 500,000 | | | | 552,439 | |
| DirecTV Holdings LLC/DirecTV Financing Co., Inc. | | | |
| 4.750% | | | | 10/01/2014 | | | | | 1,200,000 | | | | 1,272,107 | |
| DISH DBS Corp. | | | |
| 6.375% | | | | 10/01/2011 | | | | | 790,000 | | | | 817,650 | |
| Mediacom Broadband LLC/Mediacom Broadband Corp. | | | |
| 8.500% | | | | 10/15/2015 | | | | | 500,000 | | | | 480,000 | |
| NBC Universal, Inc. | | | |
| 3.650% | | | | 04/30/2015 | | ˆ | | | 990,000 | | | | 1,013,488 | |
| Viacom, Inc. | | | |
| 4.375% | | | | 09/15/2014 | | | | | 500,000 | | | | 531,943 | |
| Walt Disney Co. (The), Series B MTN | | | |
| 6.375% | | | | 03/01/2012 | | | | | 375,000 | | | | 406,616 | |
| | | | | | | | | | | | | | 11,089,313 | |
| |
Metals & Mining—0.8% |
| BHP Billiton Finance USA Ltd. (Australia) | | | |
| 5.125% | | | | 03/29/2012 | | | | | 1,400,000 | | | | 1,491,349 | |
| 5.000% | | | | 12/15/2010 | | § | | | 2,000,000 | | | | 2,035,854 | |
| FMG Resources August 2006 Pty Ltd. (Australia) |
| 10.625% | | | | 09/01/2016 | | ˆ | | | 530,000 | | | | 585,650 | |
| Steel Dynamics, Inc. | | | |
| 7.375% | | | | 11/01/2012 | | | | | 800,000 | | | | 832,000 | |
| Vale Overseas Ltd. (Cayman Islands) | | | |
| 6.250% | | | | 01/23/2017 | | | | | 560,000 | | | | 611,362 | |
| | | | | | | | | | | | | | 5,556,215 | |
| |
Multiline Retail—0.2% |
| Target Corp. | | | |
| 8.600% | | | | 01/15/2012 | | § | | | 1,600,000 | | | | 1,767,867 | |
| |
Oil, Gas & Consumable Fuels—2.2% |
| Chevron Corp. | | | |
| 3.950% | | | | 03/03/2014 | | | | | 1,000,000 | | | | 1,072,812 | |
| 3.450% | | | | 03/03/2012 | | | | | 900,000 | | | | 938,382 | |
| Conoco Funding Co. (Canada) | | | |
| 6.350% | | | | 10/15/2011 | | | | | 650,000 | | | | 693,576 | |
| ConocoPhillips | | | |
| 4.750% | | | | 02/01/2014 | | | | | 750,000 | | | | 825,504 | |
| Kinder Morgan Energy Partners LP | | | |
| 7.125% | | | | 03/15/2012 | | | | | 900,000 | | | | 967,807 | |
| Kinder Morgan, Inc. | | | |
| 6.500% | | | | 09/01/2012 | | | | | 600,000 | | | | 622,500 | |
| OPTI Canada, Inc. (Canada) | | | |
| 9.000% | | | | 12/15/2012 | | ˆ | | | 380,000 | | | | 385,700 | |
| Ras Laffan Liquefied Natural Gas Co. Ltd. III (Qatar) | | | |
| 4.500% | | | | 09/30/2012 | | ˆ | | | 650,000 | | | | 678,304 | |
| Rockies Express Pipeline LLC | | | |
| 3.900% | | | | 04/15/2015 | | ˆ | | | 770,000 | | | | 744,977 | |
| Shell International Finance BV (Netherlands) | | | |
| 5.625% | | | | 06/27/2011 | | | | | 960,000 | | | | 1,006,312 | |
| 1.875% | | | | 03/25/2013 | | | | | 710,000 | | | | 716,437 | |
| 0.568% | | | | 09/22/2011 | | #§ | | | 2,050,000 | | | | 2,048,932 | |
| TransCanada PipeLines Ltd. (Canada) | | | |
| 3.400% | | | | 06/01/2015 | | | | | 630,000 | | | | 654,227 | |
| Valero Energy Corp. | | | |
| 6.875% | | | | 04/15/2012 | | | | | 1,200,000 | | | | 1,292,495 | |
| Woodside Finance Ltd. (Australia) | | | |
| 4.500% | | | | 11/10/2014 | | ˆ | | | 560,000 | | | | 571,711 | |
| XTO Energy, Inc. | | | |
| 7.500% | | | | 04/15/2012 | | | | | 2,190,000 | | | | 2,439,478 | |
| | | | | | | | | | | | | | 15,659,154 | |
| |
Paper & Forest Products—0.0% |
| Georgia-Pacific LLC | | | |
| 8.125% | | | | 05/15/2011 | | | | | 300,000 | | | | 313,875 | |
| |
Pharmaceuticals—1.6% |
| AstraZeneca plc (United Kingdom) | | | |
| 5.400% | | | | 09/15/2012 | | § | | | 1,000,000 | | | | 1,092,480 | |
| GlaxoSmithKline Capital, Inc. | | | |
| 4.850% | | | | 05/15/2013 | | | | | 1,700,000 | | | | 1,859,861 | |
| Merck & Co., Inc. | | | |
| 1.875% | | | | 06/30/2011 | | | | | 1,100,000 | | | | 1,110,649 | |
| Novartis Capital Corp. | | | |
| 4.125% | | | | 02/10/2014 | | | | | 600,000 | | | | 647,901 | |
| 1.900% | | | | 04/24/2013 | | | | | 980,000 | | | | 995,486 | |
| Pfizer, Inc. | | | |
| 4.450% | | | | 03/15/2012 | | | | | 300,000 | | | | 316,621 | |
| 2.487% | | | | 03/15/2011 | | #§ | | | 1,750,000 | | | | 1,775,032 | |
| Teva Pharmaceutical Finance III LLC | | | |
| 1.500% | | | | 06/15/2012 | | | | | 1,400,000 | | | | 1,405,992 | |
| 0.939% | | | | 12/19/2011 | | # | | | 2,000,000 | | | | 2,004,944 | |
| Wyeth | | | |
| 6.950% | | | | 03/15/2011 | | | | | 500,000 | | | | 520,986 | |
| | | | | | | | | | | | | | 11,729,952 | |
| |
Real Estate Investment Trusts (REITs)—0.5% |
| Simon Property Group LP | | | |
| 4.875% | | | | 08/15/2010 | | § | | | 2,000,000 | | | | 2,005,585 | |
| 4.200% | | | | 02/01/2015 | | | | | 250,000 | | | | 257,165 | |
| Vornado Realty LP | | | |
| 4.250% | | | | 04/01/2015 | | | | | 1,240,000 | | | | 1,234,010 | |
| | | | | | | | | | | | | | 3,496,760 | |
See accompanying notes to financial statements.
159
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Road & Rail—0.4% |
| Canadian National Railway Co. (Canada) |
| 6.375% | | | | 10/15/2011 | | § | | $ | 500,000 | | | $ | 533,649 | |
| Union Pacific Corp. | | | |
| 6.650% | | | | 01/15/2011 | | § | | | 2,000,000 | | | | 2,055,872 | |
| | | | | | | | | | | | | | 2,589,521 | |
| |
Software—0.2% |
| Microsoft Corp. | | | |
| 2.950% | | | | 06/01/2014 | | | | | 900,000 | | | | 942,601 | |
| Oracle Corp. | | | |
| 5.000% | | | | 01/15/2011 | | | | | 797,000 | | | | 813,808 | |
| | | | | | | | | | | | | | 1,756,409 | |
| |
Tobacco—0.1% |
| Reynolds American, Inc. | | | |
| 1.237% | | | | 06/15/2011 | | # | | | 800,000 | | | | 794,923 | |
| |
Water Utilities—0.1% |
| Veolia Environnement (France) | | | |
| 5.250% | | | | 06/03/2013 | | | | | 910,000 | | | | 982,842 | |
| |
Wireless Telecommunication Services—1.1% |
| America Movil SAB de CV (Mexico) | | | |
| 3.625% | | | | 03/30/2015 | | ˆ | | | 350,000 | | | | 360,624 | |
| Millicom International Cellular SA (Luxembourg) | | | |
| 10.000% | | | | 12/01/2013 | | | | | 1,500,000 | | | | 1,552,500 | |
| New Cingular Wireless Services, Inc. | | | |
| 8.125% | | | | 05/01/2012 | | § | | | 455,000 | | | | 509,361 | |
| 7.875% | | | | 03/01/2011 | | | | | 235,000 | | | | 245,771 | |
| Rogers Communications, Inc. (Canada) | | | |
| 6.375% | | | | 03/01/2014 | | | | | 360,000 | | | | 409,070 | |
| Sprint Capital Corp. | | | |
| 8.375% | | | | 03/15/2012 | | | | | 790,000 | | | | 832,462 | |
| Vodafone Group plc (United Kingdom) | | | |
| 4.150% | | | | 06/10/2014 | | | | | 1,090,000 | | | | 1,144,768 | |
| 0.816% | | | | 02/27/2012 | | # | | | 3,300,000 | | | | 3,295,730 | |
| | | | | | | | | | | | | | 8,350,286 | |
| |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $221,533,098) | | | | | | | | 223,740,388 | |
| |
CONVERTIBLE DEBT OBLIGATIONS—20.2% |
Beverages—0.2% |
| Asahi Breweries (Japan) | | | |
| 0.000% | | | | 05/26/2028 | | | | | JPY 100,000,000 | | | | 1,145,311 | |
| |
Biotechnology—0.4% |
| Amgen, Inc. | | | |
| 0.375% | | | | 02/01/2013 | | | | | 1,400,000 | | | | 1,389,500 | |
| Life Technology Corp. | | | |
| 1.500% | | | | 02/15/2024 | | | | | 1,300,000 | | | | 1,434,875 | |
| | | | | | | | | | | | | | 2,824,375 | |
| |
Building Products—0.2% |
| Asahi Glass Co. Ltd. (Japan) | | | |
| 0.000% | | | | 11/14/2014 | | | | | JPY 145,000,000 | | | | 1,732,879 | |
| |
Capital Markets—0.3% |
| Affiliated Managers Group, Inc. | | | |
| 3.950% | | | | 08/15/2038 | | | | | 1,400,000 | | | | 1,372,000 | |
| Janus Capital Group, Inc. |
| 3.250% | | | | 07/15/2014 | | | | | 900,000 | | | | 906,750 | |
| | | | | | | | | | | | | | 2,278,750 | |
| |
Chemicals—0.2% |
| Ferro Corp. | | | |
| 6.500% | | | | 08/15/2013 | | | | | 1,400,000 | | | | 1,356,250 | |
| |
Commercial Services & Supplies—0.3% |
| Covanta Holding Corp. | | | |
| 1.000% | | | | 02/01/2027 | | | | | 2,100,000 | | | | 1,958,250 | |
| |
Communications Equipment—0.5% |
| ADC Telecommunications, Inc. | | | |
| 3.500% | | | | 07/15/2015 | | | | | 1,800,000 | | | | 1,476,000 | |
| 1.121% | | | | 06/15/2013 | | # | | | 500,000 | | | | 441,250 | |
| Alcatel-Lucent USA, Inc., Series B | | | |
| 2.875% | | | | 06/15/2025 | | | | | 2,100,000 | | | | 1,779,750 | |
| | | | | | | | | | | | | | 3,697,000 | |
| |
Computers & Peripherals—1.0% |
| EMC Corp. | | | |
| 1.750% | | | | 12/01/2013 | | | | | 2,600,000 | | | | 3,305,250 | |
| Maxtor Corp. | | | |
| 2.375% | | | | 08/15/2012 | | | | | 850,000 | | | | 858,500 | |
| NetApp, Inc. | | | |
| 1.750% | | | | 06/01/2013 | | | | | 2,000,000 | | | | 2,580,000 | |
| SanDisk Corp. | | | |
| 1.000% | | | | 05/15/2013 | | | | | 500,000 | | | | 446,875 | |
| | | | | | | | | | | | | | 7,190,625 | |
| |
Construction & Engineering—0.2% |
| Larsen & Toubro Ltd. (India) | | | |
| 3.500% | | | | 10/22/2014 | | | | | 1,100,000 | | | | 1,316,844 | |
| |
Diversified Consumer Services—0.4% |
| Sotheby’s | | | |
| 3.125% | | | | 06/15/2013 | | | | | 1,000,000 | | | | 975,000 | |
| Stewart Enterprises, Inc. | | | |
| 3.125% | | | | 07/15/2014 | | | | | 2,000,000 | | | | 1,747,500 | |
| | | | | | | | | | | | | | 2,722,500 | |
| |
Diversified Financial Services—0.5% |
AngloGold Ashanti Holdings Finance plc,
Reg S (Isle of Man) | | | |
| 3.500% | | | | 05/22/2014 | | | | | 1,000,000 | | | | 1,146,154 | |
| Industrivarden AB, Series INDU (Sweden) | | | |
| 2.500% | | | | 02/27/2015 | | | | | EUR 600,000 | | | | 795,782 | |
| MTU Aero Engines Finance BV, Series MTU (Netherlands) | | | |
| 2.750% | | | | 02/01/2012 | | | | | EUR 800,000 | | | | 1,047,882 | |
| Qiagen Euro Finance SA MTN (Luxembourg) | | | |
| 3.250% | | | | 05/16/2026 | | | | | 700,000 | | | | 809,375 | |
| | | | | | | | | | | | | | 3,799,193 | |
| |
Diversified Telecommunication Services—0.5% |
| Level 3 Communications, Inc. | | | |
| 3.500% | | | | 06/15/2012 | | | | | 2,150,000 | | | | 1,972,625 | |
| Qwest Communications International, Inc. | | | |
| 3.500% | | | | 11/15/2025 | | | | | 375,000 | | | | 417,188 | |
| tw telecom inc. | | | |
| 2.375% | | | | 04/01/2026 | | | | | 1,000,000 | | | | 1,087,500 | |
| | | | | | | | | | | | | | 3,477,313 | |
| |
Electrical Equipment—0.5% |
| EnerSys | | | |
| 3.375% | | | | 06/01/2038 | | | | | 2,000,000 | | | | 1,822,500 | |
See accompanying notes to financial statements.
160
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CONVERTIBLE DEBT OBLIGATIONS—(Continued) |
| General Cable Corp. |
| 0.875% | | | | 11/15/2013 | | | | $ | 1,750,000 | | | $ | 1,531,250 | |
| Nexans SA (France) | | | |
| 1.500% | | | | 01/01/2013 | | | | | EUR 442,800 | | | | 429,308 | |
| | | | | | | | | | | | | | 3,783,058 | |
| |
Electronic Equipment, Instruments &
Components—0.4% |
| L-1 Identity Solutions, Inc. | | | |
| 3.750% | | | | 05/15/2027 | | | | | 2,200,000 | | | | 2,070,750 | |
| Tech Data Corp. | | | |
| 2.750% | | | | 12/15/2026 | | | | | 900,000 | | | | 906,750 | |
| | | | | | | | | | | | | | 2,977,500 | |
| |
Energy Equipment & Services—1.6% |
| Acergy SA, Series ACY (Luxembourg) | | | |
| 2.250% | | | | 10/11/2013 | | | | | 2,300,000 | | | | 2,290,105 | |
| Bristow Group, Inc. | | | |
| 3.000% | | | | 06/15/2038 | | | | | 2,000,000 | | | | 1,612,500 | |
| Helix Energy Solutions Group, Inc. | | | |
| 3.250% | | | | 12/15/2025 | | | | | 2,000,000 | | | | 1,740,000 | |
| Hornbeck Offshore Services, Inc. | | | |
| 1.625% | | | | 11/15/2026 | | | | | 2,150,000 | | | | 1,623,250 | |
| SESI LLC | | | |
| 1.500% | | | | 12/15/2026 | | | | | 2,000,000 | | | | 1,845,000 | |
| Subsea 7, Inc. (Cayman Islands) | | | |
| 3.500% | | | | 10/13/2014 | | | | | 2,100,000 | | | | 2,267,998 | |
| | | | | | | | | | | | | | 11,378,853 | |
| |
Food & Staples Retailing—0.3% |
| Pantry, Inc. (The) | | | |
| 3.000% | | | | 11/15/2012 | | | | | 2,150,000 | | | | 1,999,500 | |
| |
Food Products—0.1% |
| Archer-Daniels-Midland Co. | | | |
| 0.875% | | | | 02/15/2014 | | | | | 1,200,000 | | | | 1,137,000 | |
| |
Health Care Equipment & Supplies—1.0% |
| Hologic, Inc. | | | |
| 2.000% | | | | 12/15/2037 | | | | | 2,500,000 | | | | 2,140,625 | |
| Integra LifeSciences Holdings Corp. | | | |
| 2.375% | | | | 06/01/2012 | | ˆ | | | 1,000,000 | | | | 948,750 | |
| Kinetic Concepts, Inc. | | | |
| 3.250% | | | | 04/15/2015 | | ˆ | | | 2,200,000 | | | | 2,128,500 | |
| Medtronic, Inc. | | | |
| 1.625% | | | | 04/15/2013 | | | | | 1,900,000 | | | | 1,914,250 | |
| | | | | | | | | | | | | | 7,132,125 | |
| |
Health Care Providers & Services—0.6% |
| LifePoint Hospitals, Inc. | | | |
| 3.500% | | | | 05/15/2014 | | | | | 2,150,000 | | | | 1,996,812 | |
| Omnicare, Inc., Series OCR | | | |
| 3.250% | | | | 12/15/2035 | | | | | 2,500,000 | | | | 2,081,250 | |
| | | | | | | | | | | | | | 4,078,062 | |
| |
Hotels, Restaurants & Leisure—0.2% |
| Carnival Corp. (Panama) | | | |
| 2.000% | | | | 04/15/2021 | | | | | 1,300,000 | | | | 1,352,000 | |
| |
Household Durables—0.1% |
| Stanley Black & Decker, Inc. | | | |
| 0.000% | | | | 05/17/2012 | | # | | | 640,000 | | | | 691,392 | |
| |
Internet & Catalog Retail—0.3% |
| priceline.com, Inc. | | | |
| 1.250% | | | | 03/15/2015 | | ˆ | | | 2,250,000 | | | | 2,078,438 | |
| |
Internet Software & Services—0.6% |
| Equinix, Inc. | | | |
| 2.500% | | | | 04/15/2012 | | | | | 1,000,000 | | | | 1,011,250 | |
| SAVVIS, Inc. | | | |
| 3.000% | | | | 05/15/2012 | | | | | 2,150,000 | | | | 2,031,750 | |
| VeriSign, Inc. | | | |
| 3.250% | | | | 08/15/2037 | | | | | 1,400,000 | | | | 1,272,250 | |
| | | | | | | | | | | | | | 4,315,250 | |
| |
IT Services—0.2% |
| Atos Origin SA, Series ATO (France) | | | |
| 2.500% | | | | 01/01/2016 | | | | | EUR 700,000 | | | | 424,445 | |
| Capgemini (France) | | | |
| 0.370% | | | | 01/01/2012 | | | | | EUR 2,500,000 | | | | 1,335,588 | |
| | | | | | | | | | | | | | 1,760,033 | |
| |
Machinery—0.8% |
| AGCO Corp. | | | |
| 1.250% | | | | 12/15/2036 | | | | | 600,000 | | | | 570,750 | |
| ArvinMeritor, Inc. | | | |
| 4.625% | | | | 03/01/2026 | | | | | 2,000,000 | | | | 1,797,500 | |
| Danaher Corp. | | | |
| 0.000% | | | | 01/22/2021 | | | | | 1,500,000 | | | | 1,629,375 | |
| Trinity Industries, Inc. | | | |
| 3.875% | | | | 06/01/2036 | | | | | 2,500,000 | | | | 1,931,250 | |
| | | | | | | | | | | | | | 5,928,875 | |
| |
Media—1.2% |
| Central European Media Enterprises Ltd. (Bermuda) | | | |
| 3.500% | | | | 03/15/2013 | | ˆ | | | 2,000,000 | | | | 1,532,500 | |
| Interpublic Group of Cos., Inc. (The) | | | |
| 4.250% | | | | 03/15/2023 | | | | | 2,000,000 | | | | 2,012,500 | |
| Liberty Media LLC | | | |
| 3.125% | | | | 03/30/2023 | | | | | 1,600,000 | | | | 1,682,000 | |
| Regal Entertainment Group | | | |
| 6.250% | | | | 03/15/2011 | | ˆ | | | 1,635,000 | | | | 1,663,613 | |
| Sirius XM Radio, Inc. | | | |
| 3.250% | | | | 10/15/2011 | | | | | 1,350,000 | | | | 1,304,437 | |
| XM Satellite Radio, Inc. | | | |
| 7.000% | | | | 12/01/2014 | | ˆ | | | 915,000 | | | | 871,538 | |
| | | | | | | | | | | | | | 9,066,588 | |
| |
Metals & Mining—1.1% |
| Anglo American plc, Series AAL (United Kingdom) | | | |
| 4.000% | | | | 05/07/2014 | | | | | 900,000 | | | | 1,281,600 | |
| Goldcorp, Inc. (Canada) | | | |
| 2.000% | | | | 08/01/2014 | | | | | 2,765,000 | | | | 3,228,137 | |
| Newmont Mining Corp. | | | |
| 3.000% | | | | 02/15/2012 | | | | | 1,400,000 | | | | 1,991,500 | |
| Steel Dynamics, Inc. | | | |
| 5.125% | | | | 06/15/2014 | | | | | 260,000 | | | | 280,475 | |
| Xstrata Capital Corp. A.V.V. (Aruba) | | | |
| 4.000% | | | | 08/14/2017 | | | | | 1,100,000 | | | | 1,151,953 | |
| | | | | | | | | | | | | | 7,933,665 | |
| |
Oil, Gas & Consumable Fuels—1.1% |
| Bill Barrett Corp. | | | |
| 5.000% | | | | 03/15/2028 | | | | | 1,500,000 | | | | 1,496,250 | |
See accompanying notes to financial statements.
161
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CONVERTIBLE DEBT OBLIGATIONS—(Continued) |
| Chesapeake Energy Corp. | | | |
| 2.750% | | | | 11/15/2035 | | | | $ | 2,000,000 | | | $ | 1,752,500 | |
| 2.500% | | | | 05/15/2037 | | | | | 600,000 | | | | 470,250 | |
| Patriot Coal Corp. |
| 3.250% | | | | 05/31/2013 | | | | | 1,400,000 | | | | 1,148,000 | |
| Penn Virginia Corp. | | | |
| 4.500% | | | | 11/15/2012 | | | | | 2,000,000 | | | | 1,875,000 | |
| Premier Oil Finance Jersey Ltd., Series PMO (Jersey, Channel Islands) | | | |
| 2.875% | | | | 06/27/2014 | | | | | 1,150,000 | | | | 1,157,188 | |
| | | | | | | | | | | | | | 7,899,188 | |
| |
Paper & Forest Products—0.2% |
| Sino-Forest Corp. (Canada) | | | |
| 5.000% | | | | 08/01/2013 | | ˆ | | | 600,000 | | | | 617,250 | |
| 4.250% | | | | 12/15/2016 | | ˆ | | | 800,000 | | | | 739,000 | |
| | | | | | | | | | | | | | 1,356,250 | |
| |
Pharmaceuticals—1.2% |
| Allergan, Inc. | | | |
| 1.500% | | | | 04/01/2026 | | | | | 800,000 | | | | 876,000 | |
| Endo Pharmaceuticals Holdings, Inc. | | | |
| 1.750% | | | | 04/15/2015 | | ˆ | | | 700,000 | | | | 665,000 | |
| Mylan, Inc. | | | |
| 1.250% | | | | 03/15/2012 | | | | | 3,200,000 | | | | 3,200,000 | |
| Shire plc, Reg S (Jersey, Channel Islands) | | | |
| 2.750% | | | | 05/09/2014 | | | | | 1,200,000 | | | | 1,167,000 | |
| Teva Pharmaceutical Finance Co. LLC, Series C | | | |
| 0.250% | | | | 02/01/2026 | | | | | 2,200,000 | | | | 2,574,000 | |
| | | | | | | | | | | | | | 8,482,000 | |
| |
Real Estate Investment Trusts (REITs)—0.7% |
| Alexandria Real Estate Equities, Inc. | | | |
| 3.700% | | | | 01/15/2027 | | ˆ | | | 2,000,000 | | | | 1,962,500 | |
| Health Care REIT, Inc. | | | |
| 3.000% | | | | 12/01/2029 | | | | | 1,840,000 | | | | 1,833,100 | |
| Host Hotels & Resorts LP | | | |
| 2.625% | | | | 04/15/2027 | | ˆ | | | 1,550,000 | | | | 1,476,375 | |
| | | | | | | | | | | | | | 5,271,975 | |
| |
Road & Rail—0.2% |
| Avis Budget Group, Inc. | | | |
| 3.500% | | | | 10/01/2014 | | ˆ | | | 1,500,000 | | | | 1,363,125 | |
| |
Semiconductors & Semiconductor Equipment—0.9% |
| Advanced Micro Devices, Inc. | | | |
| 6.000% | | | | 05/01/2015 | | | | | 2,150,000 | | | | 2,053,250 | |
| Intel Corp. | | | |
| 3.250% | | | | 08/01/2039 | | ˆ | | | 900,000 | | | | 1,018,125 | |
| Linear Technology Corp., Series A | | | |
| 3.000% | | | | 05/01/2027 | | | | | 1,100,000 | | | | 1,082,125 | |
| Micron Technology, Inc. | | | |
| 1.875% | | | | 06/01/2014 | | | | | 500,000 | | | | 441,875 | |
| Rovi Corp. | | | |
| 2.625% | | | | 02/15/2040 | | ˆ | | | 900,000 | | | | 920,250 | |
| Xilinx, Inc. | | | |
| 2.625% | | | | 06/15/2017 | | ˆ | | | 900,000 | | | | 915,750 | |
| | | | | | | | | | | | | | 6,431,375 | |
| |
Software—1.0% |
| Autonomy Corp. plc, Series AU (United Kingdom) | | | |
| 3.250% | | | | 03/04/2015 | | | | | GBP 1,650,000 | | | | 2,742,607 | |
| Sybase, Inc. |
| 3.500% | | | | 08/15/2029 | | ˆ | | | 900,000 | | | | 1,327,500 | |
| Symantec Corp. | | | |
| 1.000% | | | | 06/15/2013 | | | | | 2,500,000 | | | | 2,553,125 | |
| 0.750% | | | | 06/15/2011 | | | | | 500,000 | | | | 498,125 | |
| | | | | | | | | | | | | | 7,121,357 | |
| |
Specialty Retail—0.7% |
| Group 1 Automotive, Inc. | | | |
| 2.250% | | | | 06/15/2036 | | | | | 1,800,000 | | | | 1,332,000 | |
| Penske Automotive Group, Inc. | | | |
| 3.500% | | | | 04/01/2026 | | | | | 2,000,000 | | | | 2,017,500 | |
| Sonic Automotive, Inc. | | | |
| 5.000% | | | | 10/01/2029 | | | | | 1,500,000 | | | | 1,475,625 | |
| | | | | | | | | | | | | | 4,825,125 | |
| |
Textiles, Apparel & Luxury Goods—0.3% |
| Iconix Brand Group, Inc. | | | |
| 1.875% | | | | 06/30/2012 | | | | | 2,000,000 | | | | 1,870,000 | |
| Yue Yuen Industrial Holdings Ltd. (Hong Kong) | | | |
| 0.000% | | | | 11/17/2011 | | | | | HKD 4,400,000 | | | | 649,024 | |
| | | | | | | | | | | | | | 2,519,024 | |
| |
Wireless Telecommunication Services—0.2% |
| SBA Communications Corp. | | | |
| 1.875% | | | | 05/01/2013 | | | | | 1,600,000 | | | | 1,616,000 | |
| |
TOTAL CONVERTIBLE DEBT OBLIGATIONS |
| (Cost $150,523,356) | | | | | | | | 145,997,048 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—1.5% |
U.S. Government Agency Mortgage-Backed
Securities—1.5% |
| Federal Home Loan Mortgage Corp. |
| 3.877% | | | | 12/01/2039 | | # | | | 940,870 | | | | 983,498 | |
| Federal Home Loan Mortgage Corp. REMICS |
| 5.500% | | | | 07/15/2027 | | § | | | 2,004,473 | | | | 2,021,205 | |
| 4.500% | | | | 12/15/2022 | | | | | 1,154,332 | | | | 1,191,612 | |
| 3.000% | | | | 03/15/2030 | | § | | | 2,141,624 | | | | 2,166,634 | |
| Federal National Mortgage Association |
| 5.000% | | | | 01/01/2018 | | | | | 2,754,753 | | | | 2,963,296 | |
| Federal National Mortgage Association REMICS |
| 5.000% | | | | 06/25/2019 | | § | | | 1,376,361 | | | | 1,442,285 | |
| |
TOTAL U.S. GOVERNMENT AGENCY
MORTGAGE-BACKED SECURITIES |
| (Cost $10,632,459) | | | | | | | | 10,768,530 | |
| |
U.S. TREASURY OBLIGATIONS—13.8% |
U.S. Treasury Bills—10.0% |
| U.S. Treasury Bill |
| 0.361% | | | | 08/26/2010 | | | | | 3,000,000 | | | | 2,999,540 | |
| 0.336% | | | | 05/05/2011 | | § | | | 9,000,000 | | | | 8,982,135 | |
| 0.291% | | | | 02/10/2011 | | ‡‡ | | | 11,250,000 | | | | 11,236,005 | |
| 0.283% | | | | 09/23/2010 | | § | | | 14,000,000 | | | | 13,995,100 | |
| 0.211% | | | | 11/04/2010 | | | | | 720,000 | | | | 719,592 | |
| 0.201% | | | | 07/29/2010 | | | | | 17,500,000 | | | | 17,498,316 | |
| 0.165% | | | | 08/19/2010 | | | | | 5,000,000 | | | | 4,999,496 | |
| 0.152% | | | | 09/02/2010 | | | | | 2,000,000 | | | | 1,999,486 | |
| 0.147% | | | | 07/22/2010 | | | | | 5,700,000 | | | | 5,699,529 | |
| 0.108% | | | | 09/09/2010 | | ‡‡ | | | 4,165,000 | | | | 4,163,825 | |
| | | | | | | | | | | | | | 72,293,024 | |
See accompanying notes to financial statements.
162
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
U.S. TREASURY OBLIGATIONS—(Continued) |
U.S. Treasury Inflation Protected Securities Notes—0.5% |
| U.S. Treasury Note |
| 2.000% | | | | 01/15/2016 | | § | | $ | 2,903,000 | | | $ | 3,444,028 | |
| |
U.S. Treasury Notes—3.3% |
| U.S. Treasury Note |
| 2.500% | | | | 04/30/2015 | | | | | 3,178,000 | | | | 3,291,464 | |
| 1.750% | | | | 04/15/2013 | | | | | 600,000 | | | | 613,732 | |
| 1.375% | | | | 05/15/2013 | | | | | 9,400,000 | | | | 9,516,052 | |
| 1.375% | | | | 04/15/2012 | | §‡‡ | | | 300,000 | | | | 304,559 | |
| 1.000% | | | | 04/30/2012 | | § | | | 10,124,000 | | | | 10,201,509 | |
| | | | | | | | | | | | | | 23,927,316 | |
| |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $99,240,492) | | | | | | | | 99,664,368 | |
| |
GOVERNMENT RELATED OBLIGATIONS—18.2% |
U.S. Government Agencies—12.8% |
| FDIC Structured Sale Guaranteed Notes |
| 2.290% | | | | 10/25/2013 | | ˆ | | | 760,000 | | | | 714,764 | |
| Federal Farm Credit Banks |
| 1.375% | | | | 06/25/2013 | | | | | 3,850,000 | | | | 3,874,401 | |
| 0.666% | | | | 01/24/2011 | | #§ | | | 3,000,000 | | | | 3,008,019 | |
| 0.502% | | | | 05/12/2011 | | § | | | 2,000,000 | | | | 1,993,350 | |
| 0.438% | | | | 05/18/2011 | | #§ | | | 5,000,000 | | | | 5,007,180 | |
| Federal Home Loan Banks |
| 5.375% | | | | 08/19/2011 | | | | | 7,390,000 | | | | 7,785,905 | |
| 1.000% | | | | 02/28/2011 | | § | | | 3,000,000 | | | | 3,004,425 | |
| Federal Home Loan Mortgage Corp. |
| 1.750% | | | | 06/15/2012 | | § | | | 6,000,000 | | | | 6,120,690 | |
| 1.625% | | | | 04/26/2011 | | | | | 7,905,000 | | | | 7,984,643 | |
1.300%
| | | | 03/09/2012- 05/25/2012 | | § | | | 6,000,000 | | | | 6,007,748 | |
| 1.250% | | | | 01/26/2012 | | | | | 5,000,000 | | | | 5,019,725 | |
| Federal National Mortgage Association |
| 2.750% | | | | 04/11/2011 | | § | | | 5,000,000 | | | | 5,091,445 | |
| 2.000% | | | | 09/28/2012 | | § | | | 3,000,000 | | | | 3,010,404 | |
| 1.550% | | | | 11/17/2011 | | § | | | 4,000,000 | | | | 4,005,856 | |
1.500%
| | | | 09/16/2010- 05/24/2012 | | § | | | 11,900,000 | | | | 11,930,184 | |
| 1.375% | | | | 04/28/2011 | | | | | 1,500,000 | | | | 1,512,237 | |
| 0.609% | | | | 02/23/2012 | | #§ | | | 2,000,000 | | | | 2,003,772 | |
| 0.513% | | | | 04/26/2011 | | § | | | 5,000,000 | | | | 4,985,465 | |
| 0.188% | | | | 07/13/2010 | | #§ | | | 5,000,000 | | | | 5,000,144 | |
| Federal National Mortgage Association Discount Note |
| 0.381% | | | | 12/01/2010 | | | | | 4,500,000 | | | | 4,495,986 | |
| | | | | | | | | | | | | | 92,556,343 | |
| |
U.S. Government Agencies—U.S. Government Guaranteed Bank Debt—1.8% |
| Bank of America NA MTN |
| 1.700% | | | | 12/23/2010 | | § | | | 2,400,000 | | | | 2,415,255 | |
| Citigroup Funding, Inc. |
| 0.438% | | | | 07/30/2010 | | #§ | | | 2,000,000 | | | | 2,000,362 | |
| General Electric Capital Corp., Series G MTN |
| 1.800% | | | | 03/11/2011 | | § | | | 2,000,000 | | | | 2,019,704 | |
| JPMorgan Chase & Co. |
| 1.650% | | | | 02/23/2011 | | § | | | 1,175,000 | | | | 1,184,594 | |
| State Street Bank and Trust Co. |
| 0.737% | | | | 09/15/2011 | | #§ | | | 1,500,000 | | | | 1,506,489 | |
| US Central Federal Credit Union |
| 0.304% | | | | 10/19/2011 | | #§ | | | 2,900,000 | | | | 2,902,969 | |
| Western Corporate Federal Credit Union |
| 1.750% | | | | 11/02/2012 | | | | | 640,000 | | | | 651,035 | |
| | | | | | | | | | | | | | 12,680,408 | |
| |
Non-U.S. Government Agencies—0.6% |
| Export Development Canada (Canada) |
| 2.250% | | | | 05/28/2015 | | | | | 600,000 | | | | 607,516 | |
| Export-Import Bank of Korea (Korea, Republic of) |
| 5.500% | | | | 10/17/2012 | | | | | 500,000 | | | | 531,072 | |
| Japan Finance Corp. (Japan) |
| 2.000% | | | | 06/24/2011 | | | | | 500,000 | | | | 504,456 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 1.875% | | | | 03/15/2011 | | § | | | 1,400,000 | | | | 1,411,248 | |
| Petroleos Mexicanos (Mexico) |
| 4.875% | | | | 03/15/2015 | | ˆ | | | 1,400,000 | | | | 1,456,000 | |
| | | | | | | | | | | | | | 4,510,292 | |
| |
Sovereign Debt—2.0% |
| Brazilian Government International Bond (Brazil) |
| 10.250% | | | | 06/17/2013 | | | | | 1,490,000 | | | | 1,821,525 | |
| Canadian Government International Bond (Canada) |
| 2.000% | | | | 12/01/2014 | | | | | CAD 500,000 | | | | 464,882 | |
| Colombia Government International Bond (Colombia) |
| 10.000% | | | | 01/23/2012 | | | | | 1,570,000 | | | | 1,764,680 | |
| Indonesia Government International Bond, Reg S (Indonesia) |
| 10.375% | | | | 05/04/2014 | | | | | 1,900,000 | | | | 2,346,500 | |
| Malaysia Government International Bond (Malaysia) |
| 7.500% | | | | 07/15/2011 | | | | | 1,135,000 | | | | 1,203,751 | |
| Mexico Government International Bond, Series A MTN (Mexico) |
| 6.375% | | | | 01/16/2013 | | | | | 1,340,000 | | | | 1,476,010 | |
| Norway Government International Bond (Norway) |
| 5.000% | | | | 05/15/2015 | | | | | NOK 2,500,000 | | | | 428,116 | |
| Panama Government International Bond (Panama) |
| 9.375% | | | | 07/23/2012 | | | | | 740,000 | | | | 858,400 | |
| Peruvian Government International Bond (Peru) |
| 9.125% | | | | 02/21/2012 | | | | | 960,000 | | | | 1,084,800 | |
| Qatar Government International Bond (Qatar) |
| 4.000% | | | | 01/20/2015 | | ˆ | | | 600,000 | | | | 619,500 | |
| Republic of Chile (Chile) |
| 5.500% | | | | 01/15/2013 | | | | | 970,000 | | | | 1,063,702 | |
| Republic of South Africa (South Africa) |
| 7.375% | | | | 04/25/2012 | | | | | 1,080,000 | | | | 1,183,248 | |
| | | | | | | | | | | | | | 14,315,114 | |
| |
U.S. Municipal Bonds—0.8% |
| Citizens Property Insurance Corp. Revenue Bonds, Series 2009 A-1 (Florida) | | | |
5.000%
| | | | 06/01/2012- 03/01/2013 | | | | | 1,390,000 | | | | 1,454,658 | |
| New Jersey Economic Development Authority Revenue Bonds (New Jersey) | | | |
| 5.000% | | | | 06/15/2011 | | | | | 400,000 | | | | 406,620 | |
| New York Liberty Development Corp. Revenue Bonds (New York) | | | |
| 0.500% | | | | 12/01/2049 | | # | | | 1,730,000 | | | | 1,730,917 | |
| New York State Urban Development Corp. Revenue Bonds, Series 2002 A (New York) | | | |
| 5.500% | | | | 01/01/2017 | | #§ | | | 1,300,000 | | | | 1,330,550 | |
| South Carolina State Public Service Authority Revenue Bonds, Series 2010 A (South Carolina) | | | |
| 0.596% | | | | 07/15/2011 | | # | | | 1,000,000 | | | | 1,000,000 | |
| | | | | | | | | | | | | | 5,922,745 | |
See accompanying notes to financial statements.
163
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
GOVERNMENT RELATED OBLIGATIONS—(Continued) |
Non-U.S. Regional Authority Bonds—0.2% |
| Province of Ontario, Series 1 (Canada) |
| 1.875% | | | | 11/19/2012 | | | | $ | 1,530,000 | | | $ | 1,548,804 | |
| |
TOTAL GOVERNMENT RELATED OBLIGATIONS |
| (Cost $130,670,917) | | | | | | | | 131,533,706 | |
| |
ASSET BACKED SECURITIES—4.5% |
Automobile—3.0% |
| Bank of America Auto Trust |
| Series 2010-2, Class A1 |
| 0.619% | | | | 07/15/2011 | | | | | 2,660,000 | | | | 2,660,932 | |
| Bank of America Auto Trust |
| Series 2010-2, Class A2 |
| 0.910% | | | | 10/15/2012 | | | | | 4,280,000 | | | | 4,283,332 | |
| BMW Vehicle Lease Trust |
| Series 2009-1, Class A2 |
| 2.040% | | | | 04/15/2011 | | § | | | 1,481,017 | | | | 1,483,074 | |
| Capital Auto Receivables Asset Trust |
| Series 2007-2, Class A4A |
| 5.390% | | | | 02/18/2014 | | | | | 1,740,000 | | | | 1,793,193 | |
| Ford Credit Auto Owner Trust |
| Series 2009-D, Class A2 |
| 1.210% | | | | 01/15/2012 | | | | | 702,507 | | | | 703,355 | |
| Honda Auto Receivables Owner Trust |
| Series 2010-2, Class A2 |
| 0.820% | | | | 06/18/2012 | | | | | 3,260,000 | | | | 3,260,271 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A3 |
| 2.920% | | | | 12/15/2011 | | | | | 2,430,000 | | | | 2,460,986 | |
| Nissan Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.010% | | | | 04/15/2011 | | | | | 634,985 | | | | 636,009 | |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A3 |
| 3.410% | | | | 04/16/2012 | | | | | 3,410,000 | | | | 3,480,608 | |
| Volkswagen Auto Lease Trust |
| Series 2009-A, Class A2 |
| 2.870% | | | | 07/15/2011 | | | | | 435,239 | | | | 437,104 | |
| Wachovia Auto Loan Owner Trust |
| Series 2007-1, Class A3A |
| 5.290% | | | | 04/20/2012 | | | | | 571,966 | | | | 578,073 | |
| | | | | | | | | | | | | | 21,776,937 | |
| |
Home Equity—1.5% |
| Ameriquest Mortgage Securities, Inc. |
| Series 2003-AR3, Class M2 |
| 3.422% | | | | 10/25/2033 | | # | | | 806,166 | | | | 728,179 | |
| Argent Securities, Inc. |
| Series 2006-W3, Class A2B |
| 0.467% | | | | 04/25/2036 | | # | | | 80,481 | | | | 37,012 | |
| CIT Equipment Collateral |
| Series 2008-VT1, Class A3 |
| 6.590% | | | | 12/22/2014 | | | | | 1,904,886 | | | | 1,969,992 | |
| Countrywide Asset-Backed Certificates |
| Series 2005-11, Class 3AV2 |
| 0.637% | | | | 02/25/2036 | | # | | | 570,806 | | | | 547,552 | |
| Countrywide Asset-Backed Certificates |
| Series 2004-AB1, Class 2A3 |
| 0.867% | | | | 02/25/2035 | | # | | | 579,985 | | | | 560,502 | |
| Countrywide Asset-Backed Certificates |
| Series 2005-12, Class 2A3 |
| 5.069% | | | | 02/25/2036 | | # | | | 771,729 | | | | 756,220 | |
| Lehman XS Trust |
| Series 2005-8, Class 2A1A |
| 0.547% | | | | 12/25/2035 | | # | | | 296,531 | | | | 294,451 | |
| Option One Mortgage Loan Trust |
| Series 2005-4, Class A3 |
| 0.607% | | | | 11/25/2035 | | # | | | 1,142,590 | | | | 1,024,822 | |
| Park Place Securities, Inc. |
| Series 2004-WHQ2, Class A3E |
| 0.767% | | | | 02/25/2035 | | # | | | 1,219,473 | | | | 1,211,856 | |
| Residential Asset Mortgage Products, Inc. |
| Series 2005-RS2, Class AII3 |
| 0.697% | | | | 02/25/2035 | | # | | | 257,874 | | | | 252,833 | |
| Residential Asset Securities Corp. |
| Series 2005-KS5, Class M1 |
| 0.757% | | | | 06/25/2035 | | # | | | 53,054 | | | | 52,845 | |
| Saxon Asset Securities Trust |
| Series 2005-4, Class A2C |
| 0.597% | | | | 11/25/2037 | | # | | | 906,309 | | | | 858,207 | |
| Soundview Home Equity Loan Trust |
| Series 2006-OPT4, Class 2A2 |
| 0.437% | | | | 06/25/2036 | | # | | | 379,101 | | | | 373,074 | |
| Specialty Underwriting & Residential Finance |
| Series 2005-BC3, Class A2C |
| 0.717% | | | | 06/25/2036 | | # | | | 364,619 | | | | 361,365 | |
| Structured Asset Investment Loan Trust |
| Series 2003-BC1, Class A2 |
| 1.027% | | | | 01/25/2033 | | # | | | 2,246,357 | | | | 1,746,976 | |
| | | | | | | | | | | | | | 10,775,886 | |
| |
TOTAL ASSET BACKED SECURITIES |
| (Cost $32,876,719) | | | | | | | | 32,552,823 | |
| |
NON-GOVERNMENT MORTGAGE-BACKED SECURITIES—0.3% |
Mortgage Backed—0.3% |
| Thornburg Mortgage Securities Trust |
| Series 2004-1, Class II2A |
| 2.108% | | | | 03/25/2044 | | #§ | | | 1,082,343 | | | | 1,039,016 | |
| Wells Fargo Mortgage Backed Securities Trust |
| Series 2004-6, Class A13 |
| 0.797% | | | | 06/25/2034 | | #§ | | | 1,267,597 | | | | 1,223,819 | |
| |
TOTAL NON-GOVERNMENT MORTGAGE-BACKED SECURITIES |
| (Cost $2,206,833) | | | | | | | | 2,262,835 | |
| |
| |
| | | | | | | | | | Contracts | | | | Value | |
PURCHASED OPTIONS—0.3% |
| Put—Euro Bund, Expires 08/31/2010, Strike EUR 138.00 | | | | 32 | | | | 337,702 | |
| Call—U.S. 10 Years Note Futures, Expires 08/27/2010, Strike $108.00 | | | | 145 | | | | 2,109,297 | |
| |
TOTAL PURCHASED OPTIONS |
| (Cost $2,105,036) | | | | | | 2,446,999 | |
See accompanying notes to financial statements.
164
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Diversifying
Strategies Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CERTIFICATES OF DEPOSIT—2.0% |
Commercial Banks—2.0% |
| Bank of Nova Scotia |
| 0.788% | | | | 03/05/2012 | | § | | $ | 2,100,000 | | | $ | 2,099,288 | |
| 0.786% | | | | 03/12/2012 | | § | | | 1,000,000 | | | | 999,603 | |
| Barclays Bank plc (United Kingdom) | | | |
| 1.550% | | | | 07/23/2010 | | | | | 3,100,000 | | | | 3,102,302 | |
| Nordea Bank Finland plc | | | |
| 0.598% | | | | 04/13/2012 | | | | | 2,500,000 | | | | 2,500,310 | |
| Royal Bank of Canada | | | |
| 2.250% | | | | 03/15/2013 | | | | | 2,315,000 | | | | 2,355,714 | |
| Standard Chartered Bank yankee | | | |
| 0.836% | | | | 11/16/2011 | | § | | | 3,640,000 | | | | 3,641,893 | |
| |
TOTAL CERTIFICATES OF DEPOSIT |
| (Cost $14,669,103) | | | | | | | | 14,699,110 | |
| |
| |
COMMERCIAL PAPER—0.3% |
Commercial Banks—0.3% |
| National Bank of Canada (Canada) | | | |
| 0.351% | | | | 09/16/2010 | | | | | | | | | | |
| (Cost $1,998,503) | | | | 2,000,000 | | | | 1,997,840 | |
| |
|
|
|
| Shares
|
|
|
| Value
|
|
|
|
|---|
CASH EQUIVALENTS—4.8% |
Institutional Money Market Fund—4.8% |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | | | | | | |
| (Cost $34,762,035) | | | | 34,762,035 | | | | 34,762,035 | |
| |
TOTAL INVESTMENTS—99.8% | | | |
| (Cost $724,159,871) | | 722,450,613 | |
| Other assets less liabilities—0.2% | | 1,292,558 | |
| |
NET ASSETS—100.0% | $ | 723,743,171 | |
Notes to the Schedule of Investments: |
| CAD | | | | Canadian Dollar |
| EUR | | | | European Monetary Unit |
| GBP | | | | British Pound Sterling |
| HKD | | | | Hong Kong Dollar |
| JPY | | | | Japanese Yen |
| MTN | | | | Medium Term Note |
| NOK | | | | Norwegian Krone |
| 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. |
| REMICS | | | | Real Estate Mortgage Investment Conduits |
| * | | | | Non-income producing. |
| § | | | | 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, a security that is subject to delayed delivery. |
| 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 amounted to 42,857,845, which represents 5.9% of Total Investments. |
| # | | | | Rate is subject to change. Rate shown reflects current rate. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
See accompanying notes to financial statements.
165
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—17.8% |
Aerospace & Defense—0.2% |
| Boeing Co. (The) | | | |
| 6.125% | | | | 02/15/2033 | | | | $ | 100,000 | | | $ | 113,582 | |
| 5.125% | | | | 02/15/2013 | | | | | 250,000 | | | | 273,326 | |
| Lockheed Martin Corp., Series B | | | |
| 6.150% | | | | 09/01/2036 | | | | | 250,000 | | | | 290,261 | |
| Northrop Grumman Systems Corp. | | | |
| 7.750% | | | | 02/15/2031 | | | | | 250,000 | | | | 336,247 | |
| United Technologies Corp. | | | |
| 6.700% | | | | 08/01/2028 | | | | | 150,000 | | | | 183,412 | |
| 6.100% | | | | 05/15/2012 | | | | | 50,000 | | | | 54,459 | |
| 4.875% | | | | 05/01/2015 | | | | | 500,000 | | | | 559,735 | |
| | | | | | | | | | | | | | 1,811,022 | |
| |
Auto Components—0.0% |
| Johnson Controls, Inc. | | | |
| 5.500% | | | | 01/15/2016 | | | | | 250,000 | | | | 277,435 | |
| |
Automobiles—0.1% |
| Daimler Finance North America LLC | | | |
| 7.300% | | | | 01/15/2012 | | | | | 570,000 | | | | 614,633 | |
| |
Beverages—0.4% |
| Anheuser-Busch Cos., Inc. | | | |
| 6.800% | | | | 01/15/2031 | | | | | 350,000 | | | | 397,374 | |
| Bottling Group LLC | | | |
| 5.500% | | | | 04/01/2016 | | | | | 500,000 | | | | 576,160 | |
| Cia de Bebidas das Americas (Brazil) | | | |
| 8.750% | | | | 09/15/2013 | | | | | 100,000 | | | | 117,500 | |
| Coca-Cola Enterprises, Inc. | | | |
| 8.500% | | | | 02/01/2022 | | | | | 500,000 | | | | 691,207 | |
| Diageo Finance BV (Netherlands) | | | |
| 5.300% | | | | 10/28/2015 | | | | | 750,000 | | | | 840,342 | |
| Dr. Pepper Snapple Group, Inc. | | | |
| 6.820% | | | | 05/01/2018 | | | | | 500,000 | | | | 597,260 | |
| PepsiCo, Inc. | | | |
| 3.750% | | | | 03/01/2014 | | | | | 1,000,000 | | | | 1,066,991 | |
| | | | | | | | | | | | | | 4,286,834 | |
| |
Biotechnology—0.2% |
| Amgen, Inc. | | | |
| 6.150% | | | | 06/01/2018 | | | | | 1,000,000 | | | | 1,184,748 | |
| 5.850% | | | | 06/01/2017 | | | | | 250,000 | | | | 290,206 | |
| Genentech, Inc. | | | |
| 5.250% | | | | 07/15/2035 | | | | | 100,000 | | | | 105,237 | |
| | | | | | | | | | | | | | 1,580,191 | |
| |
Capital Markets—1.3% |
| Bear Stearns Cos. LLC (The) | | | |
| 7.250% | | | | 02/01/2018 | | | | | 250,000 | | | | 292,360 | |
| 6.400% | | | | 10/02/2017 | | | | | 1,000,000 | | | | 1,112,372 | |
| 5.700% | | | | 11/15/2014 | | | | | 50,000 | | | | 55,435 | |
| Credit Suisse USA, Inc. | | | |
| 5.125% | | | | 01/15/2014 | | | | | 500,000 | | | | 538,449 | |
| 5.125% | | | | 08/15/2015 | | | | | 500,000 | | | | 544,886 | |
| Goldman Sachs Group, Inc. (The) | | | |
| 6.600% | | | | 01/15/2012 | | | | | 650,000 | | | | 687,719 | |
| 6.250% | | | | 09/01/2017 | | | | | 1,000,000 | | | | 1,059,954 | |
| 6.150% | | | | 04/01/2018 | | | | | 500,000 | | | | 524,564 | |
| 6.125% | | | | 02/15/2033 | | | | | 600,000 | | | | 589,157 | |
| 5.700% | | | | 09/01/2012 | | | | | 250,000 | | | | 264,108 | |
| 5.450% | | | | 11/01/2012 | | | | | 500,000 | | | | 527,007 | |
| 5.150% | | | | 01/15/2014 | | | | | 500,000 | | | | 523,939 | |
| 5.125% | | | | 01/15/2015 | | | | | 500,000 | | | | 525,747 | |
| 5.000% | | | | 10/01/2014 | | | | | 553,000 | | | | 575,351 | |
| Jefferies Group, Inc. | | | |
| 6.250% | | | | 01/15/2036 | | | | | 230,000 | | | | 206,478 | |
| JP Morgan Chase Capital XXV, Series Y | | | |
| 6.800% | | | | 10/01/2037 | | | | | 500,000 | | | | 495,704 | |
| Merrill Lynch & Co., Inc. | | | |
| 6.875% | | | | 11/15/2018 | | | | | 250,000 | | | | 266,301 | |
| 6.220% | | | | 09/15/2026 | | | | | 1,000,000 | | | | 962,905 | |
| Merrill Lynch & Co., Inc. MTN | | | |
| 6.875% | | | | 04/25/2018 | | | | | 630,000 | | | | 673,090 | |
| Morgan Stanley | | | |
| 7.250% | | | | 04/01/2032 | | | | | 100,000 | | | | 112,753 | |
| Morgan Stanley MTN | | | |
| 5.450% | | | | 01/09/2017 | | | | | 1,000,000 | | | | 992,637 | |
| Morgan Stanley, Series F MTN | | | |
| 6.000% | | | | 04/28/2015 | | | | | 1,000,000 | | | | 1,046,164 | |
| 5.950% | | | | 12/28/2017 | | | | | 500,000 | | | | 507,088 | |
| Nomura Holdings, Inc. (Japan) | | | |
| 6.700% | | | | 03/04/2020 | | | | | 300,000 | | | | 317,950 | |
| Washington Mutual Bank FA | | | |
| 5.650% | | | | 08/15/2014 | | 5 | | | 250,000 | | | | 2,500 | |
| | | | | | | | | | | | | | 13,404,618 | |
| |
Chemicals—0.3% |
| Dow Chemical Co. (The) | | | |
| 8.550% | | | | 05/15/2019 | | | | | 800,000 | | | | 980,879 | |
| 7.375% | | | | 11/01/2029 | | | | | 150,000 | | | | 166,956 | |
| E.I. du Pont de Nemours & Co. | | | |
| 4.750% | | | | 11/15/2012 | | | | | 500,000 | | | | 539,404 | |
| Monsanto Co. | | | |
| 5.500% | | | | 08/15/2025 | | † | | | 500,000 | | | | 566,411 | |
| Potash Corp. of Saskatchewan, Inc. (Canada) | | | |
| 4.875% | | | | 03/01/2013 | | | | | 500,000 | | | | 538,118 | |
| Praxair, Inc. | | | |
| 3.950% | | | | 06/01/2013 | | | | | 150,000 | | | | 159,655 | |
| 3.250% | | | | 09/15/2015 | | | | | 500,000 | | | | 521,623 | |
| | | | | | | | | | | | | | 3,473,046 | |
| |
Commercial Banks—1.2% |
| Barclays Bank plc (United Kingdom) | | | |
| 3.900% | | | | 04/07/2015 | | | | | 1,000,000 | | | | 1,010,925 | |
| BB&T Corp. | | | |
| 5.250% | | | | 11/01/2019 | | | | | 500,000 | | | | 517,392 | |
| Capital One Financial Corp. | | | |
| 6.150% | | | | 09/01/2016 | | | | | 500,000 | | | | 529,746 | |
| Discover Bank | | | |
| 7.000% | | | | 04/15/2020 | | | | | 200,000 | | | | 202,301 | |
| Fifth Third Capital Trust IV | | | �� |
| 6.500% | | | | 04/15/2037 | | # | | | 580,000 | | | | 482,850 | |
| First Union Institutional Capital I | | | |
| 8.040% | | | | 12/01/2026 | | | | | 1,000,000 | | | | 1,026,643 | |
| FleetBoston Financial Corp. | | | |
| 6.875% | | | | 01/15/2028 | | | | | 150,000 | | | | 152,561 | |
| KeyBank NA, Bank Note | | | |
| 5.800% | | | | 07/01/2014 | | | | | 100,000 | | | | 106,855 | |
| National City Corp. | | | |
| 6.875% | | | | 05/15/2019 | | | | | 500,000 | | | | 562,207 | |
| Regions Bank | | | |
| 6.450% | | | | 06/26/2037 | | | | | 500,000 | | | | 416,931 | |
| Royal Bank of Canada (Canada) | | | |
| 5.650% | | | | 07/20/2011 | | | | | 500,000 | | | | 526,024 | |
| Royal Bank of Scotland Group plc (United Kingdom) | | | |
| 5.000% | | | | 10/01/2014 | | | | | 750,000 | | | | 704,357 | |
See accompanying notes to financial statements.
166
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Royal Bank of Scotland plc (The) (United Kingdom) | | | |
| 4.875% | | | | 03/16/2015 | | | | $ | 100,000 | | | $ | 99,599 | |
| Suntrust Banks, Inc. | | | |
| 5.200% | | | | 01/17/2017 | | | | | 250,000 | | | | 248,930 | |
| U.S. Bank NA, Bank Note | | | |
| 4.800% | | | | 04/15/2015 | | | | | 250,000 | | | | 271,319 | |
| UBS AG (Switzerland) | | | |
| 7.000% | | | | 10/15/2015 | | | | | 100,000 | | | | 110,774 | |
| 5.875% | | | | 07/15/2016 | | | | | 1,000,000 | | | | 1,054,230 | |
| UBS AG MTN (Switzerland) | | | |
| 7.375% | | | | 06/15/2017 | | | | | 100,000 | | | | 110,485 | |
| Wachovia Bank NA, Bank Note | | | |
| 4.875% | | | | 02/01/2015 | | | | | 1,500,000 | | | | 1,573,659 | |
| Wachovia Corp., Series G MTN | | | |
| 5.500% | | | | 05/01/2013 | | | | | 1,000,000 | | | | 1,086,052 | |
| Wells Fargo & Co. | | | |
| 5.000% | | | | 11/15/2014 | | | | | 750,000 | | | | 793,070 | |
| Wells Fargo Bank NA | | | |
| 5.950% | | | | 08/26/2036 | | | | | 500,000 | | | | 510,792 | |
| | | | | | | | | | | | | | 12,097,702 | |
| |
Commercial Services & Supplies—0.1% |
| Waste Management, Inc. | | | |
| 7.000% | | | | 07/15/2028 | | | | | 450,000 | | | | 521,759 | |
| |
Communications Equipment—0.2% |
| Cisco Systems, Inc. | | | |
| 5.500% | | | | 02/22/2016 | | | | | 500,000 | | | | 576,705 | |
| 4.950% | | | | 02/15/2019 | | | | | 500,000 | | | | 550,539 | |
| Motorola, Inc. | | | |
| 7.500% | | | | 05/15/2025 | | | | | 340,000 | | | | 375,859 | |
| | | | | | | | | | | | | | 1,503,103 | |
| |
Computers & Peripherals—0.1% |
| International Business Machines Corp. | | | |
| 7.000% | | | | 10/30/2025 | | | | | 300,000 | | | | 378,131 | |
| 4.750% | | | | 11/29/2012 | | | | | 250,000 | | | | 270,783 | |
| | | | | | | | | | | | | | 648,914 | |
| |
Construction Materials—0.2% |
| CRH America, Inc. | | | |
| 6.000% | | | | 09/30/2016 | | | | | 750,000 | | | | 837,193 | |
| Lafarge SA (France) | | | |
| 6.500% | | | | 07/15/2016 | | | | | 750,000 | | | | 777,902 | |
| | | | | | | | | | | | | | 1,615,095 | |
| |
Consumer Finance—0.5% |
| American Express Co. | | | |
| 8.150% | | | | 03/19/2038 | | | | | 350,000 | | | | 471,947 | |
| 4.875% | | | | 07/15/2013 | | | | | 1,000,000 | | | | 1,068,447 | |
| HSBC Finance Capital Trust IX | | | |
| 5.911% | | | | 11/30/2035 | | # | | | 500,000 | | | | 425,000 | |
| HSBC Finance Corp. | | | |
| 7.000% | | | | 05/15/2012 | | | | | 1,000,000 | | | | 1,077,234 | |
| 6.375% | | | | 11/27/2012 | | | | | 1,000,000 | | | | 1,080,541 | |
| John Deere Capital Corp. | | | |
| 7.000% | | | | 03/15/2012 | | | | | 350,000 | | | | 384,487 | |
| ORIX Corp. (Japan) | | | |
| 5.480% | | | | 11/22/2011 | | | | | 250,000 | | | | 258,844 | |
| SLM Corp., Series A MTN | | | |
| 5.000% | | | | 10/01/2013 | | | | | 500,000 | | | | 478,333 | |
| | | | | | | | | | | | | | 5,244,833 | |
| |
Diversified Financial Services—2.1% |
| Associates Corp. of North America | | | |
| 6.950% | | | | 11/01/2018 | | | | | 250,000 | | | | 256,312 | |
| Bank of America Corp. | | | |
| 7.750% | | | | 08/15/2015 | | | | | 750,000 | | | | 844,021 | |
| 6.800% | | | | 03/15/2028 | | | | | 500,000 | | | | 510,414 | |
| 5.750% | | | | 12/01/2017 | | | | | 460,000 | | | | 477,774 | |
| 5.420% | | | | 03/15/2017 | | | | | 700,000 | | | | 698,378 | |
| 4.875% | | | | 01/15/2013 | | | | | 200,000 | | | | 209,133 | |
| 4.500% | | | | 04/01/2015 | | | | | 200,000 | | | | 202,358 | |
| Bank of America Corp. MTN | | | |
| 4.900% | | | | 05/01/2013 | | | | | 200,000 | | | | 209,674 | |
| BP Capital Markets plc (United Kingdom) | | | |
| 5.250% | | | | 11/07/2013 | | | | | 1,000,000 | | | | 919,939 | |
| Citigroup, Inc. | | | |
| 8.125% | | | | 07/15/2039 | | | | | 500,000 | | | | 598,340 | |
| 6.625% | | | | 06/15/2032 | | | | | 150,000 | | | | 143,192 | |
| 6.125% | | | | 11/21/2017 | | | | | 750,000 | | | | 784,393 | |
| 6.010% | | | | 01/15/2015 | | | | | 200,000 | | | | 209,984 | |
| 6.000% | | | | 02/21/2012 | | | | | 90,000 | | | | 94,236 | |
| 6.000% | | | | 08/15/2017 | | | | | 600,000 | | | | 624,137 | |
| 5.850% | | | | 12/11/2034 | | | | | 500,000 | | | | 474,788 | |
| 5.625% | | | | 08/27/2012 | | | | | 150,000 | | | | 154,655 | |
| 5.500% | | | | 04/11/2013 | | | | | 1,820,000 | | | | 1,893,106 | |
| Deutsche Bank AG (Germany) | | | |
| 6.000% | | | | 09/01/2017 | | | | | 1,150,000 | | | | 1,270,221 | |
| Deutsche Bank Financial LLC MTN | | | |
| 5.375% | | | | 03/02/2015 | | | | | 250,000 | | | | 268,907 | |
| General Electric Capital Corp. | | | |
| 5.500% | | | | 01/08/2020 | | | | | 200,000 | | | | 211,743 | |
| 4.800% | | | | 05/01/2013 | | | | | 1,000,000 | | | | 1,066,784 | |
| General Electric Capital Corp. MTN | | | |
| 5.875% | | | | 01/14/2038 | | | | | 600,000 | | | | 590,343 | |
| 5.400% | | | | 02/15/2017 | | | | | 250,000 | | | | 265,909 | |
| General Electric Capital Corp., Series A MTN | | | |
| 6.750% | | | | 03/15/2032 | | | | | 750,000 | | | | 809,542 | |
| 6.000% | | | | 06/15/2012 | | | | | 1,000,000 | | | | 1,076,620 | |
| 5.875% | | | | 02/15/2012 | | | | | 500,000 | | | | 531,577 | |
| 5.625% | | | | 09/15/2017 | | | | | 750,000 | | | | 802,816 | |
| IBM International Group Capital LLC | | | |
| 5.050% | | | | 10/22/2012 | | | | | 990,000 | | | | 1,076,189 | |
| JPMorgan Chase & Co. | | | |
| 6.400% | | | | 05/15/2038 | | | | | 300,000 | | | | 348,468 | |
| 5.750% | | | | 01/02/2013 | | | | | 750,000 | | | | 807,114 | |
| 4.750% | | | | 03/01/2015 | | | | | 500,000 | | | | 531,864 | |
| JPMorgan Chase Bank NA, Bank Note | | | |
| 6.000% | | | | 10/01/2017 | | | | | 500,000 | | | | 545,286 | |
| MUFG Capital Finance 1 Ltd., Perpetual Bond (Cayman Islands) | | | |
| 6.346% | | | | | | # | | | 300,000 | | | | 290,604 | |
| Western Union Co. (The) | | | |
| 5.253% | | | | 04/01/2020 | | ˆ | | | 802,000 | | | | 857,284 | |
| | | | | | | | | | | | | | 20,656,105 | |
| |
Diversified Telecommunication Services—1.0% |
| AT&T, Inc. | | | |
| 6.550% | | | | 02/15/2039 | | | | | 600,000 | | | | 674,357 | |
| 6.400% | | | | 05/15/2038 | | | | | 100,000 | | | | 110,319 | |
| 6.300% | | | | 01/15/2038 | | | | | 250,000 | | | | 272,218 | |
| 6.150% | | | | 09/15/2034 | | | | | 500,000 | | | | 526,646 | |
| 5.625% | | | | 06/15/2016 | | | | | 150,000 | | | | 170,232 | |
| BellSouth Corp. | | | |
| 6.875% | | | | 10/15/2031 | | | | | 350,000 | | | | 399,859 | |
| 6.000% | | | | 10/15/2011 | | | | | 250,000 | | | | 265,476 | |
| British Telecommunications plc (United Kingdom) | | | |
| 9.875% | | | | 12/15/2030 | | | | | 150,000 | | | | 183,510 | |
See accompanying notes to financial statements.
167
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Deutsche Telekom International Finance BV (Netherlands) | | | |
| 8.750% | | | | 06/15/2030 | | | | $ | 750,000 | | | $ | 971,347 | |
| Embarq Corp. | | | |
| 7.082% | | | | 06/01/2016 | | | | | 500,000 | | | | 533,673 | |
| France Telecom SA (France) | | | |
| 8.500% | | | | 03/01/2031 | | | | | 500,000 | | | | 689,993 | |
| Qwest Corp. | | | |
| 6.500% | | | | 06/01/2017 | | | | | 500,000 | | | | 506,250 | |
| Telecom Italia Capital SA (Luxembourg) | | | |
| 6.999% | | | | 06/04/2018 | | | | | 500,000 | | | | 533,393 | |
| 6.000% | | | | 09/30/2034 | | | | | 250,000 | | | | 214,815 | |
| 5.250% | | | | 11/15/2013 | | | | | 350,000 | | | | 361,790 | |
| Telefonica Emisiones SAU (Spain) | | | |
| 5.134% | | | | 04/27/2020 | | | | | 200,000 | | | | 200,842 | |
| 3.729% | | | | 04/27/2015 | | | | | 200,000 | | | | 199,634 | |
| Telefonica Europe BV (Netherlands) | | | |
| 8.250% | | | | 09/15/2030 | | | | | 350,000 | | | | 432,458 | |
| Verizon Communications, Inc. | | | |
| 6.400% | | | | 02/15/2038 | | | | | 500,000 | | | | 552,905 | |
| 5.850% | | | | 09/15/2035 | | | | | 750,000 | | | | 776,217 | |
| Verizon Global Funding Corp. | | | |
| 7.750% | | | | 12/01/2030 | | | | | 130,000 | | | | 162,456 | |
| 7.375% | | | | 09/01/2012 | | | | | 1,000,000 | | | | 1,124,060 | |
| Verizon Virginia, Inc., Series A | | | |
| 4.625% | | | | 03/15/2013 | | | | | 250,000 | | | | 263,985 | |
| | | | | | | | | | | | | | 10,126,435 | |
| |
Electric Utilities—1.5% |
| Alabama Power Co., Series Q | | | |
| 5.500% | | | | 10/15/2017 | | | | | 150,000 | | | | 170,370 | |
| Arizona Public Service Co. | | | |
| 6.500% | | | | 03/01/2012 | | | | | 150,000 | | | | 160,926 | |
| Columbus Southern Power Co., Series C | | | |
| 5.500% | | | | 03/01/2013 | | | | | 150,000 | | | | 163,441 | |
| Commonwealth Edison Co. | | | |
| 5.900% | | | | 03/15/2036 | | | | | 300,000 | | | | 327,799 | |
| 5.800% | | | | 03/15/2018 | | | | | 100,000 | | | | 113,168 | |
| Consolidated Edison Co. of New York, Inc., Series 06-C | | | |
| 5.500% | | | | 09/15/2016 | | | | | 500,000 | | | | 563,507 | |
| Consumers Energy Co., Series P | | | |
| 5.500% | | | | 08/15/2016 | | | | | 150,000 | | | | 166,190 | |
| Duke Energy Carolinas LLC | | | |
| 6.450% | | | | 10/15/2032 | | | | | 330,000 | | | | 382,140 | |
| Duke Energy Ohio, Inc. | | | |
| 5.700% | | | | 09/15/2012 | | | | | 150,000 | | | | 162,357 | |
| Exelon Corp. | | | |
| 4.900% | | | | 06/15/2015 | | | | | 350,000 | | | | 374,183 | |
| FirstEnergy Corp., Series B | | | |
| 6.450% | | | | 11/15/2011 | | | | | 8,000 | | | | 8,453 | |
| FirstEnergy Corp., Series C | | | |
| 7.375% | | | | 11/15/2031 | | | | | 150,000 | | | | 158,593 | |
| FirstEnergy Solutions Corp. | | | |
| 6.050% | | | | 08/15/2021 | | | | | 500,000 | | | | 510,999 | |
| Florida Power & Light Co. | | | |
| 5.625% | | | | 04/01/2034 | | | | | 50,000 | | | | 54,685 | |
| 4.950% | | | | 06/01/2035 | | | | | 500,000 | | | | 500,760 | |
| 4.850% | | | | 02/01/2013 | | | | | 150,000 | | | | 161,974 | |
| Florida Power Corp. | | | |
| 6.400% | | | | 06/15/2038 | | | | | 500,000 | | | | 599,701 | |
| FPL Group Capital, Inc. | | | |
| 6.000% | | | | 03/01/2019 | | | | | 250,000 | | | | 281,422 | |
| Indiana Michigan Power Co. | | | |
| 7.000% | | | | 03/15/2019 | | | | | 500,000 | | | | 585,991 | |
| Jersey Central Power & Light | | | |
| 5.625% | | | | 05/01/2016 | | | | | 500,000 | | | | 541,242 | |
| MidAmerican Energy Co. | | | |
| 6.750% | | | | 12/30/2031 | | | | | 250,000 | | | | 300,183 | |
| MidAmerican Energy Holdings Co. | | | |
| 6.125% | | | | 04/01/2036 | | | | | 500,000 | | | | 552,347 | |
| MidAmerican Energy Holdings Co., Series D | | | |
| 5.000% | | | | 02/15/2014 | | | | | 150,000 | | | | 161,943 | |
| Nisource Finance Corp. | | | |
| 5.450% | | | | 09/15/2020 | | | | | 500,000 | | | | 515,979 | |
| Northern States Power Co. | | | |
| 5.250% | | | | 03/01/2018 | | | | | 500,000 | | | | 559,059 | |
| Northern States Power Co., Series B | | | |
| 8.000% | | | | 08/28/2012 | | | | | 150,000 | | | | 171,078 | |
| Ohio Power Co., Series K | | | |
| 6.000% | | | | 06/01/2016 | | | | | 500,000 | | | | 566,977 | |
| Oncor Electric Delivery Co. LLC | | | |
| 6.375% | | | | 05/01/2012 | | | | | 350,000 | | | | 378,222 | |
| Pacific Gas & Electric Co. | | | |
| 6.050% | | | | 03/01/2034 | | | | | 500,000 | | | | 559,692 | |
| Pepco Holdings, Inc. | | | |
| 6.450% | | | | 08/15/2012 | | | | | 150,000 | | | | 167,192 | |
| Potomac Electric Power Co. | | | |
| 7.900% | | | | 12/15/2038 | | | | | 200,000 | | | | 272,643 | |
| PSEG Power LLC | | | |
| 8.625% | | | | 04/15/2031 | | | | | 300,000 | | | | 395,410 | |
| 2.500% | | | | 04/15/2013 | | ˆ | | | 500,000 | | | | 505,180 | |
| South Carolina Electric & Gas Co. | | | |
| 5.300% | | | | 05/15/2033 | | | | | 150,000 | | | | 154,237 | |
| Southern California Edison Co. | | | |
| 6.650% | | | | 04/01/2029 | | | | | 500,000 | | | | 590,144 | |
| Southern Power Co., Series D | | | |
| 4.875% | | | | 07/15/2015 | | | | | 350,000 | | | | 380,909 | |
| Union Electric Co. | | | |
| 6.400% | | | | 06/15/2017 | | | | | 500,000 | | | | 567,944 | |
| Virginia Electric and Power Co. | | | |
| 5.950% | | | | 09/15/2017 | | | | | 500,000 | | | | 576,300 | |
| 5.400% | | | | 04/30/2018 | | | | | 500,000 | | | | 558,003 | |
| Virginia Electric and Power Co., Series B | | | |
| 6.000% | | | | 01/15/2036 | | | | | 380,000 | | | | 423,321 | |
| Wisconsin Electric Power | | | |
| 5.625% | | | | 05/15/2033 | | | | | 250,000 | | | | 271,521 | |
| | | | | | | | | | | | | | 14,616,185 | |
| |
Electrical Equipment—0.0% |
| Emerson Electric Co. | | | |
| 5.000% | | | | 12/15/2014 | | | | | 150,000 | | | | 169,067 | |
| |
Electronic Equipment, Instruments &
Components—0.0% |
| Arrow Electronics, Inc. | | | |
| 6.875% | | | | 07/01/2013 | | | | | 250,000 | | | | 276,140 | |
| |
Energy Equipment & Services—0.1% |
| Halliburton Co. | | | |
| 7.450% | | | | 09/15/2039 | | | | | 600,000 | | | | 714,862 | |
| Transocean, Inc. (Cayman Islands) | | | |
| 6.800% | | | | 03/15/2038 | | | | | 500,000 | | | | 451,897 | |
| | | | | | | | | | | | | | 1,166,759 | |
| |
Food & Staples Retailing—0.1% |
| CVS Caremark Corp. | | | |
| 6.600% | | | | 03/15/2019 | | | | | 500,000 | | | | 582,826 | |
| 4.875% | | | | 09/15/2014 | | | | | 530,000 | | | | 576,144 | |
| Kroger Co. (The) | | | |
| 7.500% | | | | 04/01/2031 | | | | | 200,000 | | | | 252,428 | |
| | | | | | | | | | | | | | 1,411,398 | |
See accompanying notes to financial statements.
168
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Food Products—0.4% |
| Archer-Daniels Midland Co. | | | |
| 5.450% | | | | 03/15/2018 | | | | $ | 750,000 | | | $ | 854,489 | |
| Bunge Ltd. Finance Corp. | | | |
| 5.350% | | | | 04/15/2014 | | | | | 500,000 | | | | 528,573 | |
| Campbell Soup Co. | | | |
| 4.875% | | | | 10/01/2013 | | | | | 250,000 | | | | 277,910 | |
| ConAgra Foods, Inc. | | | |
| 6.750% | | | | 09/15/2011 | | | | | 11,000 | | | | 11,692 | |
| 5.875% | | | | 04/15/2014 | | | | | 1,000,000 | | | | 1,131,634 | |
| H.J. Heinz Finance Co. | | | |
| 6.625% | | | | 07/15/2011 | | | | | 250,000 | | | | 263,538 | |
| Kraft Foods, Inc. | | | |
| 6.875% | | | | 02/01/2038 | | | | | 380,000 | | | | 443,152 | |
| 6.500% | | | | 02/09/2040 | | | | | 100,000 | | | | 112,223 | |
| 6.250% | | | | 06/01/2012 | | | | | 500,000 | | | | 545,238 | |
| 5.375% | | | | 02/10/2020 | | | | | 100,000 | | | | 107,357 | |
| 4.125% | | | | 02/09/2016 | | | | | 100,000 | | | | 105,679 | |
| | | | | | | | | | | | | | 4,381,485 | |
| |
Gas Utilities—0.1% |
| Sempra Energy | | | |
| 6.150% | | | | 06/15/2018 | | | | | 500,000 | | | | 571,488 | |
| |
Health Care Equipment & Supplies—0.2% |
| Baxter International, Inc. | | | |
| 5.900% | | | | 09/01/2016 | | | | | 400,000 | | | | 469,938 | |
| CareFusion Corp. | | | |
| 6.375% | | | | 08/01/2019 | | | | | 500,000 | | | | 572,169 | |
| Covidien International Finance SA (Luxembourg) | | | |
| 6.000% | | | | 10/15/2017 | | | | | 500,000 | | | | 581,104 | |
| Johnson & Johnson | | | |
| 5.950% | | | | 08/15/2037 | | | | | 250,000 | | | | 299,557 | |
| 4.950% | | | | 05/15/2033 | | | | | 200,000 | | | | 209,101 | |
| | | | | | | | | | | | | | 2,131,869 | |
| |
Health Care Providers & Services—0.3% |
| Aetna, Inc. | | | |
| 6.625% | | | | 06/15/2036 | | | | | 250,000 | | | | 279,137 | |
| CIGNA Corp. | | | |
| 5.125% | | | | 06/15/2020 | | | | | 300,000 | | | | 312,854 | |
| UnitedHealth Group, Inc. | | | |
| 6.000% | | | | 02/15/2018 | | | | | 500,000 | | | | 558,370 | |
| 5.375% | | | | 03/15/2016 | | | | | 500,000 | | | | 544,049 | |
| WellPoint, Inc. | | | |
| 6.800% | | | | 08/01/2012 | | | | | 150,000 | | | | 164,686 | |
| 5.250% | | | | 01/15/2016 | | | | | 1,000,000 | | | | 1,096,155 | |
| | | | | | | | | | | | | | 2,955,251 | |
| |
Hotels, Restaurants & Leisure—0.1% |
| McDonald’s Corp., Series I MTN | | | |
| 5.350% | | | | 03/01/2018 | | | | | 500,000 | | | | 573,558 | |
| Yum! Brands, Inc. | | | |
| 6.875% | | | | 11/15/2037 | | | | | 400,000 | | | | 460,710 | |
| | | | | | | | | | | | | | 1,034,268 | |
| |
Household Durables—0.2% |
| Fortune Brands, Inc. | | | |
| 5.375% | | | | 01/15/2016 | | | | | 750,000 | | | | 809,525 | |
| Kimberly-Clark Corp. | | | |
| 6.125% | | | | 08/01/2017 | | | | | 500,000 | | | | 592,679 | |
| 5.625% | | | | 02/15/2012 | | | | | 250,000 | | | | 268,561 | |
| | | | | | | | | | | | | | 1,670,765 | |
| |
Household Products—0.0% |
| Procter & Gamble Co. (The) |
| 5.800% | | | | 08/15/2034 | | | | | 250,000 | | | | 290,800 | |
| |
Industrial Conglomerates—0.1% |
| 3M Co. MTN | | | |
| 5.700% | | | | 03/15/2037 | | | | | 250,000 | | | | 286,858 | |
| General Electric Co. | | | |
| 5.000% | | | | 02/01/2013 | | | | | 1,000,000 | | | | 1,073,004 | |
| | | | | | | | | | | | | | 1,359,862 | |
| |
Insurance—0.7% |
| AEGON Funding Co. LLC | | | |
| 5.750% | | | | 12/15/2020 | | | | | 290,000 | | | | 300,216 | |
| Allstate Corp. (The) | | | |
| 5.350% | | | | 06/01/2033 | | | | | 500,000 | | | | 483,735 | |
| American International Group, Inc. | | | |
| 4.250% | | | | 05/15/2013 | | | | | 100,000 | | | | 97,000 | |
| American International Group, Inc., Series G MTN | | | |
| 5.850% | | | | 01/16/2018 | | | | | 1,000,000 | | | | 898,750 | |
| Assurant, Inc. | | | |
| 5.625% | | | | 02/15/2014 | | | | | 500,000 | | | | 528,760 | |
| AXA SA (France) | | | |
| 8.600% | | | | 12/15/2030 | | | | | 250,000 | | | | 283,092 | |
| Berkshire Hathaway Finance Corp. | | | |
| 5.000% | | | | 08/15/2013 | | | | | 1,500,000 | | | | 1,648,353 | |
| Chubb Corp. | | | |
| 6.375% | | | | 03/29/2067 | | # | | | 200,000 | | | | 194,000 | |
| CNA Financial Corp. | | | |
| 5.850% | | | | 12/15/2014 | | | | | 430,000 | | | | 445,913 | |
| Fidelity National Financial, Inc. | | | |
| 6.600% | | | | 05/15/2017 | | | | | 300,000 | | | | 299,528 | |
| Hartford Financial Services Group, Inc. | | | |
| 6.100% | | | | 10/01/2041 | | | | | 150,000 | | | | 130,490 | |
| Lincoln National Corp. | | | |
| 6.150% | | | | 04/07/2036 | | | | | 250,000 | | | | 239,551 | |
| Marsh & McLennan Cos., Inc. | | | |
| 5.750% | | | | 09/15/2015 | | | | | 250,000 | | | | 267,692 | |
| MetLife, Inc. | | | |
| 5.700% | | | | 06/15/2035 | | | | | 250,000 | | | | 245,302 | |
| Progressive Corp. (The) | | | |
| 6.625% | | | | 03/01/2029 | | | | | 150,000 | | | | 166,068 | |
| Prudential Financial, Inc., Series D MTN | | | |
| 5.700% | | | | 12/14/2036 | | | | | 250,000 | | | | 233,074 | |
| Validus Holdings Ltd. (Bermuda) | | | |
| 8.875% | | | | 01/26/2040 | | | | | 200,000 | | | | 209,417 | |
| | | | | | | | | | | | | | 6,670,941 | |
| |
IT Services—0.0% |
| Electronic Data Systems LLC, Series B | | | |
| 6.000% | | | | 08/01/2013 | | | | | 150,000 | | | | 169,252 | |
| | | | | | | | | | | | | | | |
| |
Machinery—0.1% |
| Caterpillar, Inc. | | | |
| 6.050% | | | | 08/15/2036 | | | | | 500,000 | | | | 577,253 | |
| Deere & Co. | | | |
| 6.950% | | | | 04/25/2014 | | | | | 250,000 | | | | 296,382 | |
| GE Capital Trust I | | | |
| 6.375% | | | | 11/15/2067 | | # | | | 130,000 | | | | 121,712 | |
| Honeywell International, Inc. | | | |
| 6.125% | | | | 11/01/2011 | | | | | 250,000 | | | | 266,963 | |
| Tyco International Finance SA (Luxembourg) | | | |
| 3.375% | | | | 10/15/2015 | | | | | 200,000 | | | | 206,690 | |
| | | | | | | | | | | | | | 1,469,000 | |
See accompanying notes to financial statements.
169
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
Media—1.2% |
| CBS Corp. | | | |
| 7.875% | | | | 07/30/2030 | | | | $ | 250,000 | | | $ | 290,230 | |
| 5.750% | | | | 04/15/2020 | | | | | 200,000 | | | | 215,069 | |
| 5.625% | | | | 08/15/2012 | | | | | 50,000 | | | | 53,001 | |
| Comcast Corp. | | | |
| 6.450% | | | | 03/15/2037 | | | | | 500,000 | | | | 542,436 | |
| 6.300% | | | | 11/15/2017 | | | | | 1,000,000 | | | | 1,143,382 | |
| 5.650% | | | | 06/15/2035 | | | | | 500,000 | | | | 494,116 | |
| COX Communications, Inc. | | | |
| 5.500% | | | | 10/01/2015 | | | | | 75,000 | | | | 81,960 | |
| 4.625% | | | | 06/01/2013 | | | | | 250,000 | | | | 266,744 | |
| News America Holdings, Inc. | | | |
| 8.000% | | | | 10/17/2016 | | | | | 150,000 | | | | 184,904 | |
| 7.750% | | | | 12/01/2045 | | | | | 200,000 | | | | 246,158 | |
| News America, Inc. | | | |
| 5.650% | | | | 08/15/2020 | | | | | 500,000 | | | | 553,329 | |
| Omnicom Group, Inc. | | | |
| 5.900% | | | | 04/15/2016 | | | | | 500,000 | | | | 569,094 | |
| Thomson Reuters Corp. (Canada) | | | |
| 6.500% | | | | 07/15/2018 | | | | | 500,000 | | | | 591,557 | |
| Time Warner Cable, Inc. | | | |
| 6.200% | | | | 07/01/2013 | | | | | 1,000,000 | | | | 1,119,210 | |
| Time Warner Entertainment Co. LP | | | |
| 8.375% | | | | 03/15/2023 | | | | | 500,000 | | | | 642,405 | |
| 8.375% | | | | 07/15/2033 | | | | | 500,000 | | | | 622,410 | |
| Time Warner, Inc. | | | |
| 6.875% | | | | 05/01/2012 | | | | | 150,000 | | | | 163,487 | |
| 5.875% | | | | 11/15/2016 | | | | | 2,000,000 | | | | 2,257,638 | |
| Viacom, Inc. | | | |
| 6.875% | | | | 04/30/2036 | | | | | 400,000 | | | | 454,280 | |
| 6.250% | | | | 04/30/2016 | | | | | 500,000 | | | | 567,825 | |
| Walt Disney Co. (The), Series B MTN | | | |
| 7.000% | | | | 03/01/2032 | | | | | 310,000 | | | | 396,821 | |
| | | | | | | | | | | | | | 11,456,056 | |
| |
Metals & Mining—0.5% |
| Alcoa, Inc. | | | |
| 5.550% | | | | 02/01/2017 | | | | | 590,000 | | | | 580,973 | |
| BHP Billiton Finance USA Ltd. (Australia) | | | |
| 6.500% | | | | 04/01/2019 | | | | | 1,000,000 | | | | 1,201,307 | |
| Newmont Mining Corp. | | | |
| 6.250% | | | | 10/01/2039 | �� | | | | 500,000 | | | | 547,574 | |
| Rio Tinto Alcan, Inc. (Canada) | | | |
| 6.125% | | | | 12/15/2033 | | | | | 150,000 | | | | 161,124 | |
| 4.875% | | | | 09/15/2012 | | | | | 350,000 | | | | 371,671 | |
| Rio Tinto Finance USA Ltd. (Australia) | | | |
| 5.875% | | | | 07/15/2013 | | | | | 1,000,000 | | | | 1,096,416 | |
| Southern Copper Corp. | | | |
| 7.500% | | | | 07/27/2035 | | | | | 250,000 | | | | 270,449 | |
| Teck Resources Ltd. (Canada) | | | |
| 10.750% | | | | 05/15/2019 | | | | | 200,000 | | | | 245,429 | |
| 10.250% | | | | 05/15/2016 | | | | | 200,000 | | | | 236,267 | |
| 9.750% | | | | 05/15/2014 | | | | | 200,000 | | | | 236,557 | |
| Vale Overseas Ltd. (Cayman Islands) | | | |
| 6.875% | | | | 11/21/2036 | | | | | 100,000 | | | | 104,501 | |
| | | | | | | | | | | | | | 5,052,268 | |
| |
Multiline Retail—0.3% |
| Target Corp. | | | |
| 7.000% | | | | 07/15/2031 | | | | | 350,000 | | | | 427,651 | |
| 6.000% | | | | 01/15/2018 | | | | | 500,000 | | | | 591,679 | |
| Wal-Mart Stores, Inc. | | | |
| 7.550% | | | | 02/15/2030 | | | | | 250,000 | | | | 332,664 | |
| 5.250% | | | | 09/01/2035 | | | | | 750,000 | | | | 792,711 | |
| 4.550% | | | | 05/01/2013 | | | | | 500,000 | | | | 544,205 | |
| | | | | | | | | | | | | | 2,688,910 | |
| |
Office Electronics—0.2% |
| Pitney Bowes, Inc. | | | |
| 5.000% | | | | 03/15/2015 | | | | | 500,000 | | | | 548,835 | |
| Pitney Bowes, Inc. MTN | | | |
| 4.750% | | | | 01/15/2016 | | | | | 200,000 | | | | 215,688 | |
| Xerox Corp. | | | |
| 6.875% | | | | 08/15/2011 | | | | | 500,000 | | | | 528,586 | |
| 6.350% | | | | 05/15/2018 | | | | | 500,000 | | | | 558,591 | |
| | | | | | | | | | | | | | 1,851,700 | |
| |
Oil, Gas & Consumable Fuels—1.7% |
| Alberta Energy Co. Ltd. (Canada) | | | |
| 7.375% | | | | 11/01/2031 | | | | | 400,000 | | | | 472,688 | |
| Anadarko Petroleum Corp. | | | |
| 8.700% | | | | 03/15/2019 | | | | | 500,000 | | | | 472,773 | |
| Apache Finance Canada Corp. (Canada) | | | |
| 7.750% | | | | 12/15/2029 | | | | | 150,000 | | | | 191,996 | |
| Canadian Natural Resources Ltd. (Canada) | | | |
| 5.850% | | | | 02/01/2035 | | | | | 500,000 | | | | 513,913 | |
| 5.450% | | | | 10/01/2012 | | | | | 250,000 | | | | 270,213 | |
| CenterPoint Energy Resources Corp., Series B | | | |
| 7.875% | | | | 04/01/2013 | | | | | 850,000 | | | | 974,602 | |
| ConocoPhillips Holding Co. | | | |
| 6.950% | | | | 04/15/2029 | | | | | 1,250,000 | | | | 1,538,386 | |
| Devon Financing Corp. ULC (Canada) | | | |
| 6.875% | | | | 09/30/2011 | | | | | 750,000 | | | | 800,989 | |
| EnCana Corp. (Canada) | | | |
| 6.300% | | | | 11/01/2011 | | | | | 250,000 | | | | 264,609 | |
| Energy Transfer Partners LP | | | |
| 5.950% | | | | 02/01/2015 | | | | | 750,000 | | | | 800,977 | |
| Enterprise Products Operating LLC | | | |
| 6.450% | | | | 09/01/2040 | | | | | 400,000 | | | | 421,786 | |
| 3.700% | | | | 06/01/2015 | | | | | 100,000 | | | | 101,272 | |
| Enterprise Products Operating LLC, Series D | | | |
| 6.875% | | | | 03/01/2033 | | | | | 150,000 | | | | 164,253 | |
| Enterprise Products Operating LLC, Series G | | | |
| 5.600% | | | | 10/15/2014 | | | | | 150,000 | | | | 162,925 | |
| Hess Corp. | | | |
| 7.300% | | | | 08/15/2031 | | | | | 250,000 | | | | 295,804 | |
| Kinder Morgan Energy Partners LP | | | |
| 6.550% | | | | 09/15/2040 | | | | | 300,000 | | | | 312,369 | |
| 6.500% | | | | 02/01/2037 | | | | | 300,000 | | | | 306,695 | |
| Marathon Oil Corp. | | | |
| 6.125% | | | | 03/15/2012 | | | | | 350,000 | | | | 375,474 | |
| 5.900% | | | | 03/15/2018 | | | | | 500,000 | | | | 552,686 | |
| Nexen, Inc. (Canada) | | | |
| 6.400% | | | | 05/15/2037 | | | | | 500,000 | | | | 523,110 | |
| 5.050% | | | | 11/20/2013 | | | | | 250,000 | | | | 267,948 | |
| ONEOK Partners LP | | | |
| 6.150% | | | | 10/01/2016 | | | | | 160,000 | | | | 180,030 | |
| Petro-Canada (Canada) | | | |
| 5.950% | | | | 05/15/2035 | | | | | 250,000 | | | | 262,025 | |
| Petroleos Mexicanos (Mexico) | | | |
| 8.000% | | | | 05/03/2019 | | | | | 250,000 | | | | 298,750 | |
| Shell International Finance BV (Netherlands) | | | |
| 5.200% | | | | 03/22/2017 | | | | | 1,000,000 | | | | 1,107,273 | |
| Suncor Energy, Inc. (Canada) | | | |
| 7.150% | | | | 02/01/2032 | | | | | 500,000 | | | | 566,463 | |
| Tennessee Gas Pipeline Co. | | | |
| 7.000% | | | | 10/15/2028 | | | | | 350,000 | | | | 371,650 | |
See accompanying notes to financial statements.
170
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
CORPORATE OBLIGATIONS—(Continued) |
| Texas Eastern Transmission LP | | | |
| 7.000% | | | | 07/15/2032 | | | | $ | 150,000 | | | $ | 178,200 | |
| TransCanada PipeLines Ltd. (Canada) | | | |
| 5.850% | | | | 03/15/2036 | | | | | 500,000 | | | | 514,178 | |
| 4.000% | | | | 06/15/2013 | | | | | 250,000 | | | | 265,961 | |
| Union Pacific Resources Group, Inc. | | | |
| 7.150% | | | | 05/15/2028 | | | | | 350,000 | | | | 303,340 | |
| Valero Energy Corp. | | | |
| 6.125% | | | | 06/15/2017 | | | | | 500,000 | | | | 531,751 | |
| 4.750% | | | | 06/15/2013 | | | | | 500,000 | | | | 523,315 | |
| Williams Cos., Inc. | | | |
| 7.875% | | | | 09/01/2021 | | | | | 371,000 | | | | 426,014 | |
| Williams Partners LP | | | |
| 6.300% | | | | 04/15/2040 | | ˆ | | | 100,000 | | | | 100,809 | |
| 5.250% | | | | 03/15/2020 | | ˆ | | | 100,000 | | | | 102,450 | |
| 3.800% | | | | 02/15/2015 | | ˆ | | | 100,000 | | | | 100,755 | |
| XTO Energy, Inc. | | | |
| 5.500% | | | | 06/15/2018 | | | | | 300,000 | | | | 343,615 | |
| 4.900% | | | | 02/01/2014 | | | | | 750,000 | | | | 825,822 | |
| | | | | | | | | | | | | | 16,787,869 | |
| |
Paper & Forest Products—0.1% |
| International Paper Co. | | | |
| 7.500% | | | | 08/15/2021 | | | | | 500,000 | | | | 586,591 | |
| |
Pharmaceuticals—0.8% |
| Abbott Laboratories | | | |
| 5.875% | | | | 05/15/2016 | | | | | 1,000,000 | | | | 1,171,369 | |
| AstraZeneca plc (United Kingdom) | | | |
| 5.900% | | | | 09/15/2017 | | | | | 750,000 | | | | 878,710 | |
| Bristol-Myers Squibb Co. | | | |
| 5.875% | | | | 11/15/2036 | | | | | 350,000 | | | | 391,520 | |
| 5.450% | | | | 05/01/2018 | | | | | 500,000 | | | | 573,615 | |
| Eli Lilly & Co. | | | |
| 6.770% | | | | 01/01/2036 | | | | | 250,000 | | | | 307,937 | |
| GlaxoSmithKline Capital, Inc. | | | |
| 4.850% | | | | 05/15/2013 | | | | | 1,000,000 | | | | 1,094,036 | |
| 4.375% | | | | 04/15/2014 | | | | | 500,000 | | | | 547,743 | |
| Merck & Co., Inc. | | | |
| 6.500% | | | | 12/01/2033 | | | | | 250,000 | | | | 306,965 | |
| 4.750% | | | | 03/01/2015 | | | | | 350,000 | | | | 389,886 | |
| 4.375% | | | | 02/15/2013 | | | | | 200,000 | | | | 215,264 | |
| Novartis Capital Corp. | | | |
| 2.900% | | | | 04/24/2015 | | | | | 200,000 | | | | 205,972 | |
| 1.900% | | | | 04/24/2013 | | | | | 200,000 | | | | 203,160 | |
| Pharmacia Corp. | | | |
| 6.500% | | | | 12/01/2018 | | | | | 350,000 | | | | 424,576 | |
| Teva Pharmaceutical Finance Co. LLC | | | |
| 6.150% | | | | 02/01/2036 | | | | | 250,000 | | | | 291,264 | |
| Wyeth | | | |
| 6.500% | | | | 02/01/2034 | | | | | 250,000 | | | | 295,562 | |
| 5.500% | | | | 03/15/2013 | | | | | 100,000 | | | | 110,677 | |
| 5.500% | | | | 02/01/2014 | | | | | 250,000 | | | | 281,065 | |
| | | | | | | | | | | | | | 7,689,321 | |
| |
Real Estate Investment Trusts (REITs)—0.3% |
| Boston Properties LP | | | |
| 6.250% | | | | 01/15/2013 | | | | | 750,000 | | | | 817,403 | |
| Camden Property Trust | | | |
| 5.000% | | | | 06/15/2015 | | | | | 200,000 | | | | 206,494 | |
| Duke Realty LP | | | |
| 7.375% | | | | 02/15/2015 | | | | | 150,000 | | | | 166,543 | |
| ERP Operating LP | | | |
| 5.375% | | | | 08/01/2016 | | | | | 500,000 | | | | 537,609 | |
| 5.200% | | | | 04/01/2013 | | † | | | 250,000 | | | | 266,732 | |
| HCP, Inc. MTN | | | |
| 6.700% | | | | 01/30/2018 | | | | | 500,000 | | | | 527,921 | |
| Health Care REIT, Inc. | | | |
| 6.125% | | | | 04/15/2020 | | | | | 300,000 | | | | 310,903 | |
| ProLogis | | | |
| 5.625% | | | | 11/15/2016 | | | | | 250,000 | | | | 235,335 | |
| | | | | | | | | | | | | | 3,068,940 | |
| |
Road & Rail—0.2% |
| Burlington Northern Santa Fe Corp. | | | |
| 5.650% | | | | 05/01/2017 | | | | | 1,000,000 | | | | 1,119,342 | |
| Canadian National Railway Co. (Canada) | | | |
| 4.400% | | | | 03/15/2013 | | | | | 585,000 | | | | 627,445 | |
| Union Pacific Corp. | | | |
| 6.625% | | | | 02/01/2029 | | | | | 250,000 | | | | 291,195 | |
| | | | | | | | | | | | | | 2,037,982 | |
| |
Software—0.1% |
| Oracle Corp. | | | |
| 5.250% | | | | 01/15/2016 | | | | | 1,000,000 | | | | 1,136,107 | |
| |
Specialty Retail—0.1% |
| Home Depot, Inc. | | | |
| 5.875% | | | | 12/16/2036 | | | | | 550,000 | | | | 565,712 | |
| Lowe’s Cos., Inc. | | | |
| 5.400% | | | | 10/15/2016 | | | | | 400,000 | | | | 463,137 | |
| | | | | | | | | | | | | | 1,028,849 | |
| |
Tobacco—0.2% |
| Altria Group, Inc. | | | |
| 9.250% | | | | 08/06/2019 | | | | | 800,000 | | | | 1,000,102 | |
| Philip Morris International, Inc. | | | |
| 5.650% | | | | 05/16/2018 | | | | | 1,000,000 | | | | 1,095,674 | |
| | | | | | | | | | | | | | 2,095,776 | |
| |
Transportation Infrastructure—0.0% |
| United Parcel Service, Inc. | | | |
| 6.200% | | | | 01/15/2038 | | | | | 300,000 | | | | 361,951 | |
| |
Wireless Telecommunication Services—0.3% |
| Alltel Corp. | | | |
| 7.000% | | | | 07/01/2012 | | | | | 1,000,000 | | | | 1,105,230 | |
| AT&T Mobility LLC | | | |
| 6.500% | | | | 12/15/2011 | | | | | 250,000 | | | | 268,894 | |
| New Cingular Wireless Services, Inc. | | | |
| 8.750% | | | | 03/01/2031 | | | | | 250,000 | | | | 344,154 | |
| Rogers Communications, Inc. (Canada) | | | |
| 6.800% | | | | 08/15/2018 | | | | | 500,000 | | | | 591,999 | |
| Vodafone Group plc (United Kingdom) | | | |
| 7.875% | | | | 02/15/2030 | | | | | 250,000 | | | | 302,312 | |
| 5.625% | | | | 02/27/2017 | | | | | 500,000 | | | | 549,154 | |
| 5.375% | | | | 01/30/2015 | | | | | 250,000 | | | | 273,259 | |
| | | | | | | | | | | | | | 3,435,002 | |
| |
TOTAL CORPORATE OBLIGATIONS |
| (Cost $161,927,901) | | | | | | | | 177,483,577 | |
| |
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—34.0% |
U.S. Government Agency Mortgage-Backed
Securities—34.0% |
| Federal Home Loan Mortgage Corp. |
7.500%
| | | | 06/01/2027-
10/01/2029 | | | | | 366,237 | | | | 417,923 | |
See accompanying notes to financial statements.
171
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED SECURITIES—(Continued) |
| 7.000% | | | | 02/01/2016-
09/01/2036 | | | | $ | 999,633 | | | $ | 1,121,991 | |
| 6.500% | | | | 08/01/2010-
01/01/2039 | | | | | 4,578,559 | | | | 5,051,100 | |
| 6.020% | | | | 01/01/2037 | | # | | | 1,502,491 | | | | 1,624,490 | |
| 6.000% | | | | 11/01/2016-
10/01/2038 | | | | | 13,291,863 | | | | 14,510,895 | |
| 5.845% | | | | 01/01/2037 | | # | | | 368,364 | | | | 396,645 | |
| 5.626% | | | | 02/01/2037 | | # | | | 1,206,505 | | | | 1,294,097 | |
| 5.500% | | | | 02/01/2018-
08/01/2039 | | | | | 20,318,220 | | | | 21,875,671 | |
| 5.000% | | | | 05/01/2018-
06/01/2040 | | | | | 27,334,791 | | | | 29,060,029 | |
| 4.500% | | | | 08/01/2018-
05/01/2040 | | | | | 25,569,801 | | | | 26,696,258 | |
| 4.000% | | | | 05/01/2019-
10/01/2039 | | | | | 9,056,250 | | | | 9,318,888 | |
| Federal Home Loan Mortgage Corp. TBA |
| 5.500% | | | | 07/15/2040 | | | | | 1,000,000 | | | | 1,073,125 | |
| Federal National Mortgage Association |
| 7.500% | | | | 06/01/2030-
07/01/2031 | | | | | 33,082 | | | | 37,723 | |
| 7.000% | | | | 03/01/2030-
04/01/2038 | | | | | 2,138,377 | | | | 2,389,997 | |
| 6.500% | | | | 02/01/2017-
03/01/2038 | | | | | 5,448,379 | | | | 6,035,156 | |
| 6.000% | | | | 04/01/2014-
09/01/2038 | | | | | 20,043,585 | | | | 21,858,808 | |
| 5.669% | | | | 01/01/2037 | | # | | | 1,899,117 | | | | 2,033,325 | |
| 5.591% | | | | 03/01/2037 | | # | | | 3,639,496 | | | | 3,866,780 | |
| 5.500% | | | | 01/01/2018-
04/01/2040 | | | | | 34,845,533 | | | | 37,560,569 | |
| 5.388% | | | | 02/01/2037 | | # | | | 208,637 | | | | 220,748 | |
| 5.000% | | | | 03/01/2018-
05/01/2040 | | | | | 34,773,088 | | | | 36,990,695 | |
| 4.847% | | | | 10/01/2035 | | # | | | 1,107,936 | | | | 1,157,625 | |
| 4.500% | | | | 03/01/2018-
07/01/2040 | | | | | 32,448,378 | | | | 33,894,970 | |
| 4.000% | | | | 08/01/2018-
02/01/2040 | | | | | 14,386,119 | | | | 14,779,391 | |
| 3.122% | | | | 06/01/2040 | | # | | | 499,178 | | | | 512,319 | |
| 2.804% | | | | 05/01/2035 | | # | | | 323,668 | | | | 339,633 | |
| 2.794% | | | | 05/01/2035 | | # | | | 1,243,051 | | | | 1,296,509 | |
| Federal National Mortgage Association TBA |
| 6.000% | | | | 07/25/2040 | | | | | 800,000 | | | | 867,750 | |
| 5.000% | | | | 07/25/2040 | | | | | 800,000 | | | | 846,500 | |
| 4.500% | | | | 07/25/2040 | | | | | 1,300,000 | | | | 1,347,735 | |
| Government National Mortgage Association |
| 7.500% | | | | 12/15/2029-
05/15/2032 | | | | | 499,413 | | | | 569,955 | |
| 7.000% | | | | 09/15/2037 | | | | | 49,810 | | | | 54,937 | |
| 6.500% | | | | 03/15/2026-
01/15/2039 | | | | | 2,511,124 | | | | 2,774,785 | |
| 6.000% | | | | 02/15/2033-
12/15/2039 | | | | | 7,300,043 | | | | 8,000,901 | |
| 5.500% | | | | 03/15/2033-
11/15/2039 | | | | | 9,958,208 | | | | 10,809,866 | |
| 5.000% | | | | 05/15/2033-
05/15/2040 | | | | | 18,834,753 | | | | 20,133,316 | |
| 4.500% | | | | 07/15/2038-
05/15/2040 | | | | | 15,357,761 | | | | 16,038,357 | |
| 4.000% | | | | 06/15/2039 | | | | | 945,097 | | | | 962,818 | |
| Government National Mortgage Association TBA |
| 4.500% | | | | 07/15/2040 | | | | | 1,800,000 | | | | 1,875,375 | |
| |
TOTAL U.S. GOVERNMENT AGENCY
MORTGAGE-BACKED SECURITIES |
| (Cost $322,516,745) | | | | | | | | 339,697,655 | |
| |
U.S. TREASURY OBLIGATIONS—31.7% |
U.S. Treasury Bonds—5.6% |
| U.S. Treasury Bond |
| 11.250% | | | | 02/15/2015 | | | | | 2,300,000 | | | | 3,283,429 | |
| 9.875% | | | | 11/15/2015 | | | | | 2,550,000 | | | | 3,585,142 | |
| 9.125% | | | | 05/15/2018 | | | | | 1,060,000 | | | | 1,563,997 | |
| 8.750% | | | | 05/15/2017-
08/15/2020 | | | | | 2,610,000 | | | | 3,798,525 | |
| 8.500% | | | | 02/15/2020 | | | | | 2,500,000 | | | | 3,667,577 | |
| 8.125% | | | | 08/15/2019-
05/15/2021 | | | | | 4,040,000 | | | | 5,815,888 | |
| 8.000% | | | | 11/15/2021 | | | | | 920,000 | | | | 1,338,169 | |
| 7.875% | | | | 02/15/2021 | | | | | 600,000 | | | | 858,938 | |
| 7.500% | | | | 11/15/2024 | | | | | 775,000 | | | | 1,124,355 | |
| 7.250% | | | | 08/15/2022 | | | | | 1,130,000 | | | | 1,574,585 | |
| 7.125% | | | | 02/15/2023 | | | | | 925,000 | | | | 1,280,836 | |
| 6.250% | | | | 08/15/2023-
05/15/2030 | | | | | 565,000 | | | | 736,126 | |
| 6.125% | | | | 11/15/2027 | | | | | 350,000 | | | | 460,742 | |
| 6.000% | | | | 02/15/2026 | | | | | 315,000 | | | | 405,956 | |
| 5.000% | | | | 05/15/2037 | | | | | 1,410,000 | | | | 1,680,764 | |
| 4.750% | | | | 02/15/2037 | | | | | 1,835,000 | | | | 2,107,096 | |
| 4.625% | | | | 02/15/2040 | | | | | 3,000,000 | | | | 3,372,657 | |
| 4.500% | | | | 02/15/2036-
08/15/2039 | | | | | 4,350,000 | | | | 4,795,881 | |
| 4.375% | | | | 02/15/2038-
05/15/2040 | | | | | 9,070,000 | | | | 9,802,107 | |
| 4.250% | | | | 05/15/2039 | | | | | 2,700,000 | | | | 2,855,250 | |
| 3.500% | | | | 02/15/2039 | | | | | 2,100,000 | | | | 1,951,032 | |
| | | | | | | | | | | | | | 56,059,052 | |
| |
U.S. Treasury Notes—26.1% |
| U.S. Treasury Note |
| 5.125% | | | | 05/15/2016 | | | | | 2,800,000 | | | | 3,267,908 | |
| 5.000% | | | | 08/15/2011 | | | | | 1,060,000 | | | | 1,114,946 | |
| 4.875% | | | | 07/31/2011-
08/15/2016 | | | | | 10,055,000 | | | | 11,105,088 | |
| 4.750% | | | | 05/15/2014-
08/15/2017 | | | | | 2,110,000 | | | | 2,417,134 | |
| 4.625% | | | | 08/31/2011-
02/15/2017 | | | | | 8,890,000 | | | | 9,514,068 | |
| 4.500% | | | | 09/30/2011-
02/15/2016 | | | | | 10,165,000 | | | | 10,805,884 | |
| 4.375% | | | | 08/15/2012 | | | | | 4,700,000 | | | | 5,077,104 | |
| 4.250% | | | | 09/30/2012-
11/15/2017 | | | | | 10,135,000 | | | | 11,154,273 | |
| 4.125% | | | | 05/15/2015 | | | | | 2,430,000 | | | | 2,700,148 | |
| 4.000% | | | | 02/15/2014-
02/15/2015 | | | | | 4,250,000 | | | | 4,666,114 | |
| 3.875% | | | | 10/31/2012-
05/15/2018 | | | | | 10,155,000 | | | | 11,014,321 | |
| 3.750% | | | | 11/15/2018 | | | | | 5,000,000 | | | | 5,388,280 | |
| 3.625% | | | | 02/15/2020 | | † | | | 5,200,000 | | | | 5,494,939 | |
| 3.625% | | | | 05/15/2013-
08/15/2019 | | | | | 6,370,000 | | | | 6,786,582 | |
| 3.500% | | | | 05/15/2020 | | † | | | 2,400,000 | | | | 2,512,121 | |
| 3.500% | | | | 02/15/2018 | | | | | 3,600,000 | | | | 3,848,908 | |
| 3.375% | | | | 11/30/2012-
11/15/2019 | | | | | 8,750,000 | | | | 9,204,490 | |
See accompanying notes to financial statements.
172
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
U.S. TREASURY OBLIGATIONS—(Continued) |
| 3.250% | | | | 06/30/2016-
03/31/2017 | | | | $ | 5,500,000 | | | $ | 5,803,906 | |
| 3.125% | | | | 08/31/2013-
05/15/2019 | | | | | 12,000,000 | | | | 12,486,544 | |
| 3.000% | | | | 08/31/2016-
02/28/2017 | | | | | 6,000,000 | | | | 6,247,109 | |
| 2.750% | | | | 10/31/2013-
02/15/2019 | | | | | 10,330,000 | | | | 10,572,593 | |
| 2.625% | | | | 06/30/2014-
04/30/2016 | | | | | 9,150,000 | | | | 9,523,305 | |
| 2.500% | | | | 04/30/2015-
06/30/2017 | | | | | 4,000,000 | | | | 4,080,468 | |
| 2.500% | | | | 03/31/2015 | | † | | | 2,000,000 | | | | 2,072,812 | |
| 2.375% | | | | 08/31/2014 | | † | | | 2,500,000 | | | | 2,584,962 | |
| 2.375% | | | | 09/30/2014-
02/28/2015 | | | | | 8,575,000 | | | | 8,849,124 | |
| 2.250% | | | | 01/31/2015 | | | | | 2,100,000 | | | | 2,152,664 | |
| 2.125% | | | | 11/30/2014-
05/31/2015 | | | | | 3,600,000 | | | | 3,672,596 | |
| 2.000% | | | | 11/30/2013 | | | | | 2,000,000 | | | | 2,053,438 | |
| 1.875% | | | | 02/28/2014-
06/30/2015 | | | | | 6,325,000 | | | | 6,417,615 | |
| 1.750% | | | | 11/15/2011-
03/31/2014 | | | | | 13,100,000 | | | | 13,341,133 | |
| 1.500% | | | | 12/31/2013 | | | | | 4,350,000 | | | | 4,387,384 | |
| 1.375% | | | | 02/15/2012-
03/15/2013 | | | | | 22,180,000 | | | | 22,497,784 | |
| 1.125% | | | | 12/15/2011-
06/15/2013 | | | | | 5,900,000 | | | | 5,940,514 | |
| 1.000% | | | | 07/31/2011-
04/30/2012 | | | | | 18,300,000 | | | | 18,431,837 | |
| 0.875% | | | | 01/31/2012-
02/29/2012 | | | | | 4,500,000 | | | | 4,524,684 | |
| 0.750% | | | | 11/30/2011-
05/31/2012 | | | | | 6,000,000 | | | | 6,021,288 | |
| 0.625% | | | | 06/30/2012 | | | | | 2,500,000 | | | | 2,500,590 | |
| | | | | | | | | | | | | | 260,234,658 | |
| |
TOTAL U.S. TREASURY OBLIGATIONS |
| (Cost $307,692,604) | | | | | | | | 316,293,710 | |
| |
GOVERNMENT RELATED OBLIGATIONS—12.3% |
U.S. Government Agencies—6.7% |
| Federal Farm Credit Bank |
| 3.875% | | | | 08/25/2011 | | | | | 1,500,000 | | | | 1,558,419 | |
| 3.500% | | | | 10/03/2011 | | | | | 800,000 | | | | 829,766 | |
| 2.125% | | | | 06/18/2012 | | | | | 1,400,000 | | | | 1,438,429 | |
| Federal Home Loan Bank |
| 5.750% | | | | 05/15/2012 | | | | | 2,225,000 | | | | 2,433,934 | |
| 5.375% | | | | 05/18/2016 | | † | | | 2,000,000 | | | | 2,336,254 | |
| 5.250% | | | | 06/18/2014 | | | | | 1,000,000 | | | | 1,140,833 | |
| 4.875% | | | | 09/08/2017 | | | | | 1,250,000 | | | | 1,412,782 | |
| 4.750% | | | | 12/16/2016 | | | | | 1,000,000 | | | | 1,126,199 | |
| 4.500% | | | | 11/15/2012 | | | | | 2,500,000 | | | | 2,710,950 | |
| 3.625% | | | | 09/16/2011 | | | | | 2,600,000 | | | | 2,700,815 | |
| 1.350% | | | | 04/09/2012 | | | | | 600,000 | | | | 600,109 | |
| 1.300% | | | | 04/05/2012 | | | | | 300,000 | | | | 300,031 | |
| Federal Home Loan Mortgage Corp. |
| 6.250% | | | | 07/15/2032 | | | | | 1,050,000 | | | | 1,333,562 | |
| 6.000% | | | | 04/16/2037 | | | | | 600,000 | | | | 637,972 | |
| 5.500% | | | | 07/18/2016 | | | | | 1,000,000 | | | | 1,166,919 | |
| 5.100% | | | | 08/19/2019 | | | | | 500,000 | | | | 503,071 | |
| 5.000% | | | | 01/30/2014-
04/29/2025 | | | | | 1,100,000 | | | | 1,181,646 | |
| 4.750% | | | | 01/22/2020 | | | | | 250,000 | | | | 250,652 | |
| 4.500% | | | | 07/15/2013-
04/02/2014 | | | | | 2,750,000 | | | | 3,034,017 | |
| 4.500% | | | | 01/15/2015 | | † | | | 350,000 | | | | 390,696 | |
| 4.375% | | | | 07/17/2015 | | | | | 1,900,000 | | | | 2,109,334 | |
| 3.750% | | | | 06/28/2013 | | | | | 2,710,000 | | | | 2,924,692 | |
| 3.050% | | | | 04/09/2015 | | | | | 250,000 | | | | 250,142 | |
| 3.000% | | | | 02/02/2015-
07/14/2016 | | | | | 450,000 | | | | 451,616 | |
| 2.200% | | | | 12/17/2013 | | | | | 150,000 | | | | 150,568 | |
| 2.125% | | | | 03/23/2012-
08/26/2013 | | | | | 2,800,000 | | | | 2,867,280 | |
| 1.800% | | | | 02/25/2013 | | | | | 600,000 | | | | 604,467 | |
| 1.750% | | | | 06/15/2012 | | | | | 1,000,000 | | | | 1,020,115 | |
| 1.500% | | | | 08/24/2011 | | | | | 500,000 | | | | 500,723 | |
| 1.250% | | | | 01/19/2012 | | | | | 500,000 | | | | 500,173 | |
| 1.000% | | | | 11/18/2011-
12/22/2011 | | | | | 750,000 | | | | 751,255 | |
| Federal Home Loan Mortgage Corp. MTN |
| 5.050% | | | | 01/26/2015 | | | | | 300,000 | | | | 340,012 | |
| Federal National Mortgage Association |
| 6.625% | | | | 11/15/2030 | | | | | 1,000,000 | | | | 1,304,470 | |
| 6.250% | | | | 05/15/2029 | | | | | 1,740,000 | | | | 2,159,314 | |
| 6.125% | | | | 03/15/2012 | | | | | 750,000 | | | | 819,043 | |
| 5.945% | | | | 06/07/2027 | | | | | 300,000 | | | | 313,380 | |
| 5.800% | | | | 02/09/2026 | | | | | 100,000 | | | | 102,780 | |
| 5.375% | | | | 04/11/2022 | | | | | 880,000 | | | | 938,966 | |
| 5.000% | | | | 05/11/2017 | | | | | 650,000 | | | | 742,681 | |
| 4.875% | | | | 12/15/2016 | | | | | 1,000,000 | | | | 1,131,875 | |
| 4.625% | | | | 10/15/2013 | | | | | 900,000 | | | | 995,608 | |
| 4.375% | | | | 09/15/2012-
03/15/2013 | | | | | 3,600,000 | | | | 3,912,404 | |
| 3.300% | | | | 07/30/2014 | | | | | 1,000,000 | | | | 1,002,292 | |
| 3.220% | | | | 01/27/2016 | | | | | 500,000 | | | | 500,802 | |
| 3.000% | | | | 03/09/2015 | | | | | 500,000 | | | | 502,387 | |
| 2.750% | | | | 02/05/2014-
03/13/2014 | | | | | 4,000,000 | | | | 4,172,542 | |
| 2.000% | | | | 01/15/2013-
05/10/2013 | | | | | 2,000,000 | | | | 2,003,963 | |
| 1.800% | | | | 02/08/2013-
03/15/2013 | | | | | 900,000 | | | | 909,102 | |
| 1.625% | | | | 11/05/2012 | | | | | 250,000 | | | | 250,891 | |
| 1.500% | | | | 06/01/2012-
07/19/2013 | | | | | 1,000,000 | | | | 999,264 | |
| 1.375% | | | | 07/19/2013 | | | | | 500,000 | | | | 501,926 | |
| 1.300% | | | | 05/25/2012 | | | | | 500,000 | | | | 502,945 | |
| 1.125% | | | | 03/22/2012 | | | | | 150,000 | | | | 150,208 | |
| 0.000% | | | | 06/01/2017 | | | | | 1,000,000 | | | | 810,738 | |
| Financing Corp. Fico |
| 8.600% | | | | 09/26/2019 | | | | | 500,000 | | | | 702,630 | |
| Financing Corp. Fico, Series E |
| 9.650% | | | | 11/02/2018 | | | | | 500,000 | | | | 731,993 | |
| Tennessee Valley Authority, Series E |
| 6.250% | | | | 12/15/2017 | | | | | 1,200,000 | | | | 1,461,037 | |
| | | | | | | | | | | | | | 67,180,674 | |
| |
U.S. Government Agencies-U.S. Government Guaranteed Bank Debt—1.1% |
| Ally Financial, Inc. |
| 2.200% | | | | 12/19/2012 | | | | | 1,000,000 | | | | 1,028,002 | |
| Bank of America Corp., Series L MTN |
| 3.125% | | | | 06/15/2012 | | | | | 2,500,000 | | | | 2,612,060 | |
| Citigroup Funding, Inc. |
| 1.875% | | | | 10/22/2012 | | | | | 1,000,000 | | | | 1,021,595 | |
| Citigroup, Inc. |
| 2.125% | | | | 04/30/2012 | | | | | 1,000,000 | | | | 1,024,967 | |
See accompanying notes to financial statements.
173
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
GOVERNMENT RELATED OBLIGATIONS—(Continued) |
| General Electric Capital Corp., Series G MTN |
| 3.000% | | | | 12/09/2011 | | | | $ | 1,000,000 | | | $ | 1,033,365 | |
| 2.625% | | | | 12/28/2012 | | | | | 1,500,000 | | | | 1,559,713 | |
| Goldman Sachs Group, Inc. (The) |
| 3.250% | | | | 06/15/2012 | | | | | 1,000,000 | | | | 1,047,624 | |
| JPMorgan Chase & Co. |
| 3.125% | | | | 12/01/2011 | | | | | 1,000,000 | | | | 1,034,871 | |
| Morgan Stanley |
| 1.950% | | | | 06/20/2012 | | | | | 1,000,000 | | | | 1,022,706 | |
| | | | | | | | | | | | | | 11,384,903 | |
| |
Non-U.S. Government Agencies—1.3% |
| Eksportfinans ASA MTN (Norway) |
| 5.000% | | | | 02/14/2012 | | | | | 800,000 | | | | 848,902 | |
| Export Development Canada (Canada) |
| 2.250% | | | | 05/28/2015 | | | | | 300,000 | | | | 303,758 | |
| Export-Import Bank of Korea (Korea, Republic of) |
| 5.125% | | | | 03/16/2015 | | | | | 500,000 | | | | 529,425 | |
| Japan Bank for International Cooperation (Japan) |
| 2.125% | | | | 11/05/2012 | | | | | 500,000 | | | | 510,150 | |
| Japan Finance Corp. (Japan) |
| 1.500% | | | | 07/06/2012 | | | | | 500,000 | | | | 504,161 | |
| Korea Development Bank (Korea, Republic of) |
| 8.000% | | | | 01/23/2014 | | | | | 500,000 | | | | 569,596 | |
| Kreditanstalt fuer Wiederaufbau (Germany) |
| 4.875% | | | | 01/17/2017 | | | | | 1,000,000 | | | | 1,118,175 | |
| 4.125% | | | | 10/15/2014 | | | | | 1,000,000 | | | | 1,082,019 | |
| 3.250% | | | | 03/15/2013 | | | | | 750,000 | | | | 785,643 | |
| 2.625% | | | | 03/03/2015 | | | | | 1,000,000 | | | | 1,016,925 | |
| 1.875% | | | | 01/14/2013 | | | | | 200,000 | | | | 202,929 | |
| Kreditanstalt fuer Wiederaufbau MTN (Germany) |
| 2.250% | | | | 04/16/2012 | | | | | 1,100,000 | | | | 1,122,867 | |
| Landwirtschaftliche Rentenbank (Germany) |
| 4.875% | | | | 11/16/2015 | | | | | 1,000,000 | | | | 1,120,041 | |
| Oesterreichische Kontrollbank AG (Austria) |
| 4.750% | | | | 11/08/2011 | | | | | 1,000,000 | | | | 1,047,324 | |
| 1.750% | | | | 03/11/2013 | | | | | 200,000 | | | | 201,292 | |
| Pemex Project Funding Master Trust |
| 6.625% | | | | 06/15/2035 | | | | | 500,000 | | | | 516,778 | |
| Petrobras International Finance Co. (Cayman Islands) |
| 8.375% | | | | 12/10/2018 | | | | | 250,000 | | | | 299,396 | |
| 6.125% | | | | 10/06/2016 | | | | | 500,000 | | | | 533,293 | |
| Svensk Exportkredit AB (Sweden) |
| 5.125% | | | | 03/01/2017 | | | | | 500,000 | | | | 558,610 | |
| | | | | | | | | | | | | | 12,871,284 | |
| |
Sovereign Debt—0.9% |
| Brazilian Government International Bond (Brazil) |
| 11.000% | | | | 08/17/2040 | | | | | 260,000 | | | | 349,440 | |
| 10.125% | | | | 05/15/2027 | | | | | 635,000 | | | | 955,675 | |
| 8.875% | | | | 04/15/2024 | | | | | 400,000 | | | | 542,000 | |
| 7.875% | | | | 03/07/2015 | | | | | 455,000 | | | | 541,450 | |
| 7.125% | | | | 01/20/2037 | | | | | 460,000 | | | | 545,100 | |
| Malaysia Government International Bond (Malaysia) |
| 7.500% | | | | 07/15/2011 | | | | | 250,000 | | | | 265,144 | |
| Peruvian Government International Bond (Peru) |
| 6.550% | | | | 03/14/2037 | | | | | 500,000 | | | | 555,000 | |
| Republic of Finland (Finland) |
| 6.950% | | | | 02/15/2026 | | | | | 150,000 | | | | 194,485 | |
| Republic of Italy (Italy) |
| 6.875% | | | | 09/27/2023 | | | | | 250,000 | | | | 285,068 | |
| 5.375% | | | | 06/15/2033 | | | | | 500,000 | | | | 492,595 | |
| 4.375% | | | | 06/15/2013 | | | | | 1,000,000 | | | | 1,030,082 | |
| Republic of South Africa (South Africa) |
| 7.375% | | | | 04/25/2012 | | | | | 250,000 | | | | 273,900 | |
| South Africa Government International Bond (South Africa) |
| 6.875% | | | | 05/27/2019 | | | | | 500,000 | | | | 574,375 | |
| State of Israel (Israel) |
| 5.500% | | | | 11/09/2016 | | | | | 600,000 | | | | 679,827 | |
| United Mexican States (Mexico) |
| 8.125% | | | | 12/30/2019 | | | | | 750,000 | | | | 963,750 | |
| United Mexican States MTN (Mexico) |
| 8.300% | | | | 08/15/2031 | | | | | 500,000 | | | | 677,500 | |
| | | | | | | | | | | | | | 8,925,391 | |
| |
Supranational—1.2% |
| African Development Bank, Series GDIF | | | |
| 1.750% | | | | 10/01/2012 | | | | | 710,000 | | | | 719,909 | |
| Asian Development Bank | | | |
| 2.750% | | | | 05/21/2014 | | | | | 100,000 | | | | 103,795 | |
| Asian Development Bank MTN | | | |
| 3.625% | | | | 09/05/2013 | | | | | 800,000 | | | | 855,069 | |
| 2.125% | | | | 03/15/2012 | | | | | 1,000,000 | | | | 1,019,903 | |
| European Investment Bank | | | |
| 5.125% | | | | 09/13/2016 | | | | | 1,000,000 | | | | 1,134,217 | |
| 4.625% | | | | 03/21/2012-
05/15/2014 | | | | | 1,300,000 | | | | 1,397,440 | |
| 3.375% | | | | 06/12/2013 | | | | | 500,000 | | | | 526,316 | |
| 3.250% | | | | 10/14/2011 | | | | | 200,000 | | | | 206,742 | |
| 1.875% | | | | 06/17/2013 | | | | | 1,000,000 | | | | 1,010,682 | |
| 1.750% | | | | 09/14/2012 | | | | | 1,000,000 | | | | 1,011,928 | |
| 1.625% | | | | 03/15/2013 | | | | | 200,000 | | | | 201,379 | |
| Inter-American Development Bank | | | |
| 1.625% | | | | 07/15/2013 | | | | | 500,000 | | | | 503,894 | |
| Inter-American Development Bank MTN | | | |
| 3.875% | | | | 02/14/2020 | | | | | 200,000 | | | | 211,537 | |
| 3.500% | | | | 03/15/2013 | | | | | 500,000 | | | | 529,434 | |
| 1.750% | | | | 10/22/2012 | | | | | 800,000 | | | | 812,726 | |
| International Bank for Reconstruction & Development | | | |
| 7.625% | | | | 01/19/2023 | | | | | 250,000 | | | | 350,005 | |
| 2.375% | | | | 05/26/2015 | | | | | 200,000 | | | | 203,581 | |
| 1.750% | | | | 07/15/2013 | | | | | 1,000,000 | | | | 1,012,343 | |
| | | | | | | | | | | | | | 11,810,900 | |
| |
U.S. Municipal Bonds—0.6% |
| California General Obligation Bonds (California) | | | |
| 7.550% | | | | 04/01/2039 | | | | | 500,000 | | | | 537,025 | |
| California State Public Works Board Revenue Bonds, Series 2009 G-2 (California) | | | |
| 8.361% | | | | 10/01/2034 | | | | | 400,000 | | | | 431,668 | |
| Country of Cook Illinois General Obligation Bonds (Illinois) | | | |
| 6.229% | | | | 11/15/2034 | | | | | 200,000 | | | | 199,956 | |
| Illinois General Obligation Bonds (Illinois) | | | |
| 5.100% | | | | 06/01/2033 | | | | | 1,100,000 | | | | 858,638 | |
| Los Angeles Unified School District General Obligation Bonds (California) | | | |
| 5.755% | | | | 07/01/2029 | | | | | 200,000 | | | | 197,904 | |
| 5.750% | | | | 07/01/2034 | | | | | 300,000 | | | | 294,063 | |
| Metropolitan Government of Nashville & Davidson County Authority Revenue Bonds (Tennessee) | | | |
| 5.707% | | | | 07/01/2034 | | | | | 300,000 | | | | 309,036 | |
| Metropolitan Transportation Authority Revenue Bonds (New York) | | | |
| 6.648% | | | | 11/15/2039 | | | | | 100,000 | | | | 106,759 | |
| 6.548% | | | | 11/15/2031 | | | | | 200,000 | | | | 213,418 | |
See accompanying notes to financial statements.
174
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
|
|---|
GOVERNMENT RELATED OBLIGATIONS—(Continued) |
| New Jersey Economic Development Authority Revenue Bonds, Series A (New Jersey) | | | |
| 7.425% | | | | 02/15/2029 | | | | $ | 500,000 | | | $ | 559,500 | |
| New Jersey State Turnpike Authority Revenue Bonds, Series 2003 B (New Jersey) | | | |
| 4.252% | | | | 01/01/2016 | | | | | 25,000 | | | | 25,953 | |
| New York City Municipal Water Finance Authority Revenue Bonds (New York) | | | |
| 5.724% | | | | 06/15/2042 | | | | | 200,000 | | | | 205,780 | |
| New York State Dormitory Authority Revenue Bonds (New York) | | | |
| 5.600% | | | | 03/15/2040 | | | | | 200,000 | | | | 201,344 | |
| Oregon General Obligation Bonds (Oregon) | | | |
| 5.762% | | | | 06/01/2023 | | | | | 200,000 | | | | 214,936 | |
| Oregon State Department of Transportation Revenue Bonds, Series A (Oregon) | | | |
| 5.834% | | | | 11/15/2034 | | | | | 300,000 | | | | 325,116 | |
| Port Authority of New York & New Jersey Revenue Bonds (New York) | | | |
| 6.040% | | | | 12/01/2029 | | | | | 255,000 | | | | 274,138 | |
| State of Connecticut General Obligation Bonds, Series 2008 A (Connecticut) | | | |
| 5.850% | | | | 03/15/2032 | | | | | 200,000 | | | | 218,036 | |
| State of Georgia General Obligation Bonds, Series 2009 H (Georgia) | | | |
| 4.503% | | | | 11/01/2025 | | | | | 300,000 | | | | 309,957 | |
| | | | | | | | | | | | | | 5,483,227 | |
| |
Non-U.S. Regional Authority Bonds—0.5% |
| Hydro Quebec, Series IO (Canada) | | | |
| 8.050% | | | | 07/07/2024 | | | | | 250,000 | | | | 360,181 | |
| Ontario Electricity Financial Corp. (Canada) | | | |
| 7.450% | | | | 03/31/2013 | | | | | 350,000 | | | | 402,874 | |
| Province of British Columbia, Series BCUSD-2 (Canada) |
| 6.500% | | | | 01/15/2026 | | | | | 150,000 | | | | 191,262 | |
| 2.850% | | | | 06/15/2015 | | | | | 200,000 | | | | 206,814 | |
| Province of Manitoba, Series FH (Canada) | | | |
| 4.900% | | | | 12/06/2016 | | | | | 500,000 | | | | 563,457 | |
| Province of Ontario (Canada) | | | |
| 5.450% | | | | 04/27/2016 | | | | | 1,000,000 | | | | 1,150,939 | |
| 4.500% | | | | 02/03/2015 | | | | | 400,000 | | | | 438,183 | |
| 4.400% | | | | 04/14/2020 | | | | | 200,000 | | | | 212,938 | |
| Province of Quebec, Series PD (Canada) | | | |
| 7.500% | | | | 09/15/2029 | | | | | 600,000 | | | | 825,946 | |
| Province of Saskatchewan (Canada) | | | |
| 7.375% | | | | 07/15/2013 | | | | | 230,000 | | | | 269,867 | |
| Region of Lombardy (Italy) | | | |
| 5.804% | | | | 10/25/2032 | | | | | 100,000 | | | | 100,177 | |
| | | | | | | | | | | | | | 4,722,638 | |
| |
TOTAL GOVERNMENT RELATED OBLIGATIONS |
| (Cost $117,127,884) | | | | | | | | 122,379,017 | |
| |
ASSET BACKED SECURITIES—0.4% |
Automobile—0.2% |
| Capital Auto Receivables Asset Trust |
| Series 2007-3, Class A4 |
| 5.210% | | | | 03/17/2014 | | | | | 1,500,000 | | | | 1,553,047 | |
| |
Credit Card—0.2% |
| Capital One Multi-Asset Execution Trust |
| Series 2007-A7, Class A7 |
| 5.750% | | | | 07/15/2020 | | | | | 2,000,000 | | | | 2,329,516 | |
| |
Other—0.0% |
| PSE&G Transition Funding LLC |
| Series 2001-1, Class A6 |
| 6.610% | | | | 06/15/2015 | | | | | 200,000 | | | | 221,199 | |
| |
TOTAL ASSET BACKED SECURITIES |
| (Cost $3,923,844) | | | | | | | | 4,103,762 | |
| |
NON-GOVERNMENT MORTGAGE-BACKED SECURITIES—3.1% |
Mortgage Backed—3.1% |
| Banc of America Commercial Mortgage, Inc. |
| Series 2007-1, Class A2 |
| 5.381% | | | | 01/15/2049 | | | | | 500,000 | | | | 513,952 | |
| Banc of America Commercial Mortgage, Inc. |
| Series 2002-2, Class A3 |
| 5.118% | | | | 07/11/2043 | | | | | 500,000 | | | | 521,116 | |
| Banc of America Commercial Mortgage, Inc. |
| Series 2005-6, Class AM |
| 5.350% | | | | 09/10/2047 | | # | | | 1,000,000 | | | | 969,444 | |
| Bear Stearns Commercial Mortgage Securities |
| Series 2005-T20, Class A4A |
| 5.297% | | | | 10/12/2042 | | # | | | 921,000 | | | | 985,758 | |
| Citigroup Commercial Mortgage Trust |
| Series 2004-C1, Class A3 |
| 5.251% | | | | 04/15/2040 | | # | | | 742,386 | | | | 774,231 | |
| Citigroup/Deutsche Bank Commercial Mortgage Trust |
| Series 2005-CD1, Class A4 |
| 5.397% | | | | 07/15/2044 | | # | | | 900,000 | | | | 965,390 | |
| CS First Boston Mortgage Securities Corp. |
| Series 2005-C2, Class A4 |
| 4.832% | | | | 04/15/2037 | | | | | 500,000 | | | | 508,467 | |
| CS First Boston Mortgage Securities Corp. |
| Series 2002-CP5, Class A2 |
| 4.940% | | | | 12/15/2035 | | | | | 1,177,500 | | | | 1,243,035 | |
| CS First Boston Mortgage Securities Corp. |
| Series 2005-C5, Class A3 |
| 5.100% | | | | 08/15/2038 | | # | | | 1,000,000 | | | | 1,042,394 | |
| CW Capital Cobalt Ltd. |
| Series 2006-C1, Class A4 |
| 5.223% | | | | 08/15/2048 | | | | | 750,000 | | | | 750,657 | |
| Greenwich Capital Commercial Funding Corp. |
| Series 2007-GG9, Class A4 |
| 5.444% | | | | 03/10/2039 | | | | | 1,000,000 | | | | 1,003,806 | |
| Greenwich Capital Commercial Funding Corp. |
| Series 2007-GG11, Class A4 |
| 5.736% | | | | 12/10/2049 | | | | | 1,000,000 | | | | 985,818 | |
| GS Mortgage Securities Corp. II |
| Series 2004-GG2, Class A6 |
| 5.396% | | | | 08/10/2038 | | # | | | 600,000 | | | | 633,601 | |
| GS Mortgage Securities Corp. II |
| Series 2006-GG6, Class A4 |
| 5.553% | | | | 04/10/2038 | | # | | | 1,200,000 | | | | 1,236,760 | |
| GS Mortgage Securities Corp. II |
| Series 2006-GG8, Class A4 |
| 5.560% | | | | 11/10/2039 | | | | | 2,700,000 | | | | 2,744,809 | |
| GS Mortgage Securities Corp. II |
| Series 2007-GG10, Class A4 |
| 5.999% | | | | 08/10/2045 | | #† | | | 3,000,000 | | | | 2,956,330 | |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2006-CB17, Class AM |
| 5.464% | | | | 12/12/2043 | | | | | 750,000 | | | | 636,732 | |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2007-CB20, Class A4 |
| 5.794% | | | | 02/12/2051 | | # | | | 500,000 | | | | 506,908 | |
See accompanying notes to financial statements.
175
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Core Bond
Index Fund
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
|
| Face
|
|
|
| Value
|
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NON-GOVERNMENT MORTGAGE-BACKED SECURITIES—(Continued) |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2004-CB9, Class A4 |
| 5.540% | | | | 06/12/2041 | | # | | $ | 750,000 | | | $ | 790,311 | |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2003-ML1A, Class A2 |
| 4.767% | | | | 03/12/2039 | | | | | 1,000,000 | | | | 1,051,791 | |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2005-LDP2, Class A4 |
| 4.738% | | | | 07/15/2042 | | | | | 935,000 | | | | 974,640 | |
| JP Morgan Chase Commercial Mortgage Securities Corp. |
| Series 2005-CB13, Class AM |
| 5.498% | | | | 01/12/2043 | | # | | | 900,000 | | | | 818,685 | |
| LB-UBS Commercial Mortgage Trust |
| Series 2007-C2, Class A3 |
| 5.430% | | | | 02/15/2040 | | | | | 750,000 | | | | 753,754 | |
| Merrill Lynch/Countrywide Commercial Mortgage Trust |
| Series 2006-3, Class A4 |
| 5.414% | | | | 07/12/2046 | | # | | | 750,000 | | | | 772,419 | |
| Morgan Stanley Capital I |
| Series 2006-IQ12, Class A2 |
| 5.283% | | | | 12/15/2043 | | | | | 750,000 | | | | 769,444 | |
| Morgan Stanley Dean Witter Capital I |
| Series 2003-HQ2, Class A1 |
| 4.180% | | | | 03/12/2035 | | | | | 425,860 | | | | 439,822 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2003-C5, Class A2 |
| 3.989% | | | | 06/15/2035 | | | | | 750,000 | | | | 774,972 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2003-C9, Class A4 |
| 5.012% | | | | 12/15/2035 | | # | | | 750,000 | | | | 799,369 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2006-C28, Class A2 |
| 5.500% | | | | 10/15/2048 | | | | | 500,000 | | | | 511,730 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2004-C11, Class A5 |
| 5.215% | | | | 01/15/2041 | | # | | | 500,000 | | | | 524,387 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2006-C26, Class AJ |
| 6.188% | | | | 06/15/2045 | | # | | | 1,000,000 | | | | 690,415 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2007-C30, Class A5 |
| 5.342% | | | | 12/15/2043 | | | | | 500,000 | | | | 456,728 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2004-C12, Class A4 |
| 5.484% | | | | 07/15/2041 | | # | | | 750,000 | | | | 796,420 | |
| Wachovia Bank Commercial Mortgage Trust |
| Series 2004-C15, Class B |
| 4.892% | | | | 10/15/2041 | | | | | 1,000,000 | | | | 923,603 | |
| |
TOTAL NON-GOVERNMENT MORTGAGE-BACKED SECURITIES |
| (Cost $29,069,053) | | | | | | | | 30,827,698 | |
|
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| Shares
|
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| Value
|
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CASH EQUIVALENTS—2.7% |
Institutional Money Market Funds—2.7% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 1,500,000 | | | | 1,500,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 13,858,424 | | | | 13,858,424 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 3,013,703 | | | | 3,013,703 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 2,500,000 | | | | 2,500,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 2,500,000 | | | | 2,500,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 2,000,000 | | | | 2,000,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 2,000,000 | | | | 2,000,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $27,372,127) | | | | | | 27,372,127 | |
| |
TOTAL INVESTMENTS—102.0% | | | |
| (Cost $969,630,158) | | 1,018,157,546 | |
| Other assets less liabilities—(2.0%) | | (20,292,524 | ) |
| |
NET ASSETS—100.0% | $ | 997,865,022 | |
Notes to the Schedule of Investments: |
| MTN | | | | Medium Term Note |
| TBA | | | | Security is subject to delayed delivery. |
| 5 | | | | Security in default. |
| † | | | | Denotes all or a portion of the security on loan. |
| # | | | | 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 amounted to 1,666,478, which represents 0.2% of Total Investments. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
176
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint 500
Stock Index Fund
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|---|
COMMON STOCKS—98.7% |
Aerospace & Defense—2.8% |
| Boeing Co. (The) | | | | 25,009 | | | $ | 1,569,315 | |
| General Dynamics Corp. | | | | 12,733 | | | | 745,644 | |
| Goodrich Corp. | | | | 4,185 | | | | 277,256 | |
| Honeywell International, Inc. | | | | 25,271 | | | | 986,327 | |
| ITT Corp. | | | | 5,812 | | | | 261,075 | |
| L-3 Communications Holdings, Inc. | | | | 3,715 | | | | 263,171 | |
| Lockheed Martin Corp. | | | | 10,289 | | | | 766,530 | |
| Northrop Grumman Corp. | † | | | 9,956 | | | | 542,005 | |
| Precision Castparts Corp. | | | | 4,704 | | | | 484,136 | |
| Raytheon Co. | | | | 12,447 | | | | 602,310 | |
| Rockwell Collins, Inc. | | | | 5,022 | | | | 266,819 | |
| United Technologies Corp. | | | | 30,732 | | | | 1,994,814 | |
| | | | | | | | | | | | | | 8,759,402 | |
| |
Air Freight & Logistics—1.0% |
| C.H. Robinson Worldwide, Inc. | | | | 5,367 | | | | 298,727 | |
| Expeditors International of Washington, Inc. | | | | 7,127 | | | | 245,953 | |
| FedEx Corp. | | | | 10,341 | | | | 725,008 | |
| United Parcel Service, Inc., Class B | | | | 32,625 | | | | 1,856,036 | |
| | | | | | | | | | | | | | 3,125,724 | |
| |
Airlines—0.1% |
| Southwest Airlines Co. | | | | 23,716 | | | | 263,485 | |
| |
Auto Components—0.2% |
| Goodyear Tire & Rubber Co. (The) | * | | | 7,170 | | | | 71,270 | |
| Johnson Controls, Inc. | | | | 22,233 | | | | 597,401 | |
| | | | | | | | | | | | | | 668,671 | |
| |
Automobiles—0.4% |
| Ford Motor Co. | * | | | 112,309 | | | | 1,132,075 | |
| Harley-Davidson, Inc. | † | | | 7,505 | | | | 166,836 | |
| | | | | | | | | | | | | | 1,298,911 | |
| |
Beverages—2.6% |
| Brown-Forman Corp., Class B | | | | 3,358 | | | | 192,178 | |
| Coca-Cola Co. (The) | | | | 75,933 | | | | 3,805,762 | |
| Coca-Cola Enterprises, Inc. | | | | 10,815 | | | | 279,676 | |
| Constellation Brands, Inc., Class A | * | | | 6,458 | | | | 100,874 | |
| Dr. Pepper Snapple Group, Inc. | | | | 8,131 | | | | 304,018 | |
| Molson Coors Brewing Co., Class B | | | | 5,028 | | | | 212,986 | |
| PepsiCo, Inc. | | | | 53,087 | | | | 3,235,653 | |
| | | | | | | | | | | | | | 8,131,147 | |
| |
Biotechnology—1.4% |
| Amgen, Inc. | * | | | 31,561 | | | | 1,660,109 | |
| Biogen Idec, Inc. | * | | | 8,619 | | | | 408,971 | |
| Celgene Corp. | * | | | 15,214 | | | | 773,175 | |
| Cephalon, Inc. | * | | | 2,526 | | | | 143,350 | |
| Genzyme Corp. | * | | | 8,628 | | | | 438,044 | |
| Gilead Sciences, Inc. | * | | | 28,945 | | | | 992,235 | |
| | | | | | | | | | | | | | 4,415,884 | |
| |
Building Products—0.0% |
| Masco Corp. | | | | 10,878 | | | | 117,047 | |
| |
Capital Markets—2.4% |
| Ameriprise Financial, Inc. | | | | 8,127 | | | | 293,628 | |
| Bank of New York Mellon Corp. (The) | | | | 40,010 | | | | 987,847 | |
| Charles Schwab Corp. (The) | | | | 32,391 | | | | 459,304 | |
| E*Trade Financial Corp. | * | | | 6,204 | | | | 73,331 | |
| Federated Investors, Inc., Class B | † | | | 2,838 | | | | 58,775 | |
| Franklin Resources, Inc. | | | | 4,782 | | | | 412,161 | |
| Goldman Sachs Group, Inc. (The) | | | | 16,953 | | | | 2,225,420 | |
| Invesco Ltd. | † | | | 14,822 | | | | 249,454 | |
| Janus Capital Group, Inc. | | | | 5,927 | | | | 52,632 | |
| Legg Mason, Inc. | | | | 5,693 | | | | 159,575 | |
| Morgan Stanley | | | | 46,094 | | | | 1,069,842 | |
| Northern Trust Corp. | | | | 7,701 | | | | 359,637 | |
| State Street Corp. | | | | 16,586 | | | | 560,939 | |
| T. Rowe Price Group, Inc. | | | | 8,601 | | | | 381,798 | |
| | | | | | | | | | | | | | 7,344,343 | |
| |
Chemicals—1.9% |
| Air Products & Chemicals, Inc. | | | | 7,029 | | | | 455,550 | |
| Airgas, Inc. | | | | 2,909 | | | | 180,940 | |
| CF Industries Holdings, Inc. | | | | 2,209 | | | | 140,161 | |
| Dow Chemical Co. (The) | | | | 38,099 | | | | 903,708 | |
| E.I. Du Pont de Nemours & Co. | | | | 29,880 | | | | 1,033,549 | |
| Eastman Chemical Co. | | | | 2,451 | | | | 130,785 | |
| Ecolab, Inc. | | | | 7,552 | | | | 339,160 | |
| FMC Corp. | † | | | 2,512 | | | | 144,264 | |
| International Flavors & Fragrances, Inc. | | | | 2,537 | | | | 107,620 | |
| Monsanto Co. | | | | 18,005 | | | | 832,191 | |
| PPG Industries, Inc. | | | | 5,518 | | | | 333,342 | |
| Praxair, Inc. | | | | 10,101 | | | | 767,575 | |
| Sherwin-Williams Co. (The) | † | | | 3,050 | | | | 211,030 | |
| Sigma-Aldrich Corp. | | | | 3,803 | | | | 189,504 | |
| | | | | | | | | | | | | | 5,769,379 | |
| |
Commercial Banks—3.1% |
| BB&T Corp. | | | | 22,869 | | | | 601,683 | |
| Comerica, Inc. | | | | 5,923 | | | | 218,144 | |
| Fifth Third Bancorp | | | | 25,320 | | | | 311,183 | |
| First Horizon National Corp. | * | | | 6,672 | | | | 76,394 | |
| Huntington Bancshares, Inc./Ohio | | | | 22,638 | | | | 125,415 | |
| KeyCorp | | | | 30,492 | | | | 234,483 | |
| M&T Bank Corp. | † | | | 2,789 | | | | 236,926 | |
| Marshall & Ilsley Corp. | | | | 16,636 | | | | 119,446 | |
| PNC Financial Services Group, Inc. | | | | 17,351 | | | | 980,331 | |
| Regions Financial Corp. | | | | 40,205 | | | | 264,549 | |
| SunTrust Banks, Inc. | | | | 16,562 | | | | 385,895 | |
| U.S. Bancorp | | | | 63,175 | | | | 1,411,961 | |
| Wells Fargo & Co. | | | | 171,459 | | | | 4,389,350 | |
| Zions Bancorporation | † | | | 5,045 | | | | 108,821 | |
| | | | | | | | | | | | | | 9,464,581 | |
| |
Commercial Services & Supplies—0.5% |
| Avery Dennison Corp. | † | | | 3,386 | | | | 108,792 | |
| Cintas Corp. | | | | 4,626 | | | | 110,885 | |
| Iron Mountain, Inc. | | | | 5,413 | | | | 121,576 | |
| Pitney Bowes, Inc. | † | | | 7,101 | | | | 155,938 | |
| R.R. Donnelley & Sons Co. | | | | 6,781 | | | | 111,005 | |
| Republic Services, Inc. | | | | 10,271 | | | | 305,357 | |
See accompanying notes to financial statements.
177
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint 500
Stock Index Fund
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| Shares
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| Value
|
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COMMON STOCKS—(Continued) |
| Stericycle, Inc. | * | | | 2,698 | | | $ | 176,935 | |
| Waste Management, Inc. | | | | 15,740 | | | | 492,505 | |
| | | | | | | | | | | | | | 1,582,993 | |
| |
Communications Equipment—2.3% |
| Cisco Systems, Inc. | * | | | 187,957 | | | | 4,005,364 | |
| Harris Corp. | | | | 4,085 | | | | 170,140 | |
| JDS Uniphase Corp. | * | | | 7,658 | | | | 75,355 | |
| Juniper Networks, Inc. | * | | | 17,428 | | | | 397,707 | |
| Motorola, Inc. | * | | | 76,870 | | | | 501,193 | |
| QUALCOMM, Inc. | | | | 54,036 | | | | 1,774,542 | |
| Tellabs, Inc. | | | | 12,447 | | | | 79,536 | |
| | | | | | | | | | | | | | 7,003,837 | |
| |
Computers & Peripherals—4.5% |
| Apple, Inc. | * | | | 29,937 | | | | 7,530,054 | |
| Dell, Inc. | * | | | 56,895 | | | | 686,154 | |
| EMC Corp. | * | | | 67,767 | | | | 1,240,136 | |
| Hewlett-Packard Co. | | | | 76,840 | | | | 3,325,635 | |
| Lexmark International, Inc., Class A | *† | | | 2,870 | | | | 94,796 | |
| NetApp, Inc. | * | | | 11,411 | | | | 425,745 | |
| QLogic Corp. | *† | | | 3,699 | | | | 61,477 | |
| SanDisk Corp. | * | | | 7,315 | | | | 307,742 | |
| Teradata Corp. | * | | | 5,336 | | | | 162,641 | |
| Western Digital Corp. | * | | | 7,676 | | | | 231,508 | |
| | | | | | | | | | | | | | 14,065,888 | |
| |
Construction & Engineering—0.2% |
| Fluor Corp. | | | | 5,633 | | | | 239,402 | |
| Jacobs Engineering Group, Inc. | * | | | 3,849 | | | | 140,258 | |
| Quanta Services, Inc. | * | | | 6,807 | | | | 140,565 | |
| | | | | | | | | | | | | | 520,225 | |
| |
Construction Materials—0.1% |
| Vulcan Materials Co. | | | | 4,015 | | | | 175,977 | |
| |
Consumer Finance—0.8% |
| American Express Co. | | | | 39,582 | | | | 1,571,405 | |
| Capital One Financial Corp. | | | | 15,089 | | | | 608,087 | |
| Discover Financial Services | | | | 18,231 | | | | 254,869 | |
| SLM Corp. | * | | | 16,076 | | | | 167,030 | |
| | | | | | | | | | | | | | 2,601,391 | |
| |
Containers & Packaging—0.2% |
| Ball Corp. | | | | 3,168 | | | | 167,365 | |
| Bemis Co., Inc. | | | | 3,365 | | | | 90,855 | |
| Owens-Illinois, Inc. | * | | | 5,235 | | | | 138,466 | |
| Pactiv Corp. | * | | | 4,478 | | | | 124,712 | |
| Sealed Air Corp. | | | | 5,101 | | | | 100,592 | |
| | | | | | | | | | | | | | 621,990 | |
| |
Distributors—0.1% |
| Genuine Parts Co. | | | | 4,973 | | | | 196,185 | |
| |
Diversified Consumer Services—0.1% |
| Apollo Group, Inc., Class A | * | | | 4,113 | | | | 174,679 | |
| DeVry, Inc. | | | | 2,111 | | | | 110,806 | |
| H&R Block, Inc. | | | | 10,479 | | | | 164,416 | |
| | | | | | | | | | | | | | 449,901 | |
| |
Diversified Financial Services—4.4% |
| Bank of America Corp. | | | | 330,153 | | | | 4,744,299 | |
| Citigroup, Inc. | * | | | 744,178 | | | | 2,798,109 | |
| CME Group, Inc. | | | | 2,124 | | | | 598,012 | |
| IntercontinentalExchange, Inc. | * | | | 2,472 | | | | 279,410 | |
| JPMorgan Chase & Co. | | | | 130,927 | | | | 4,793,238 | |
| Leucadia National Corp. | * | | | 6,542 | | | | 127,634 | |
| Moody’s Corp. | | | | 6,750 | | | | 134,460 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 4,996 | | | | 88,829 | |
| NYSE Euronext | | | | 8,746 | | | | 241,652 | |
| | | | | | | | | | | | | | 13,805,643 | |
| |
Diversified Telecommunication Services—2.6% |
| AT&T, Inc. | | | | 194,453 | | | | 4,703,818 | |
| CenturyLink, Inc. | | | | 9,970 | | | | 332,101 | |
| Frontier Communications Corp. | † | | | 10,409 | | | | 74,008 | |
| Qwest Communications International, Inc. | | | | 50,003 | | | | 262,516 | |
| Verizon Communications, Inc. | | | | 93,071 | | | | 2,607,849 | |
| Windstream Corp. | | | | 15,317 | | | | 161,748 | |
| | | | | | | | | | | | | | 8,142,040 | |
| |
Electric Utilities—1.9% |
| Allegheny Energy, Inc. | | | | 5,053 | | | | 104,496 | |
| American Electric Power Co., Inc. | | | | 15,843 | | | | 511,729 | |
| Duke Energy Corp. | | | | 43,377 | | | | 694,032 | |
| Edison International | | | | 10,394 | | | | 329,698 | |
| Entergy Corp. | | | | 6,267 | | | | 448,843 | |
| Exelon Corp. | | | | 21,801 | | | | 827,784 | |
| FirstEnergy Corp. | | | | 9,733 | | | | 342,894 | |
| NextEra Energy, Inc. | | | | 13,698 | | | | 667,914 | |
| Northeast Utilities | | | | 5,907 | | | | 150,510 | |
| Pepco Holdings, Inc. | | | | 7,419 | | | | 116,330 | |
| Pinnacle West Capital Corp. | | | | 3,328 | | | | 121,006 | |
| PPL Corp. | | | | 14,735 | | | | 367,638 | |
| Progress Energy, Inc. | | | | 9,523 | | | | 373,492 | |
| Southern Co. | | | | 27,209 | | | | 905,515 | |
| | | | | | | | | | | | | | 5,961,881 | |
| |
Electrical Equipment—0.5% |
| Emerson Electric Co. | | | | 24,836 | | | | 1,085,085 | |
| Rockwell Automation, Inc. | | | | 4,779 | | | | 234,601 | |
| Roper Industries, Inc. | | | | 2,903 | | | | 162,452 | |
| | | | | | | | | | | | | | 1,482,138 | |
| |
Electronic Equipment, Instruments &
Components—0.5% |
| Agilent Technologies, Inc. | *† | | | 11,545 | | | | 328,224 | |
| Amphenol Corp., Class A | | | | 5,455 | | | | 214,272 | |
| Corning, Inc. | | | | 51,503 | | | | 831,774 | |
| FLIR Systems, Inc. | * | | | 5,021 | | | | 146,061 | |
| Jabil Circuit, Inc. | | | | 6,753 | | | | 89,815 | |
| Molex, Inc. | † | | | 3,928 | | | | 71,647 | |
| | | | | | | | | | | | | | 1,681,793 | |
| |
Energy Equipment & Services—1.7% |
| Baker Hughes, Inc. | † | | | 14,181 | | | | 589,504 | |
| Cameron International Corp. | * | | | 8,159 | | | | 265,331 | |
| Diamond Offshore Drilling, Inc. | † | | | 2,210 | | | | 137,440 | |
| FMC Technologies, Inc. | * | | | 3,828 | | | | 201,583 | |
See accompanying notes to financial statements.
178
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint 500
Stock Index Fund
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| Value
|
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COMMON STOCKS—(Continued) |
| Halliburton Co. | | | | 29,890 | | | $ | 733,800 | |
| Helmerich & Payne, Inc. | | | | 3,364 | | | | 122,853 | |
| Nabors Industries Ltd. (Bermuda) | * | | | 9,642 | | | | 169,892 | |
| National Oilwell Varco, Inc. | | | | 13,864 | | | | 458,482 | |
| Rowan Cos., Inc. | * | | | 4,160 | | | | 91,270 | |
| Schlumberger Ltd. | | | | 39,281 | | | | 2,173,811 | |
| Smith International, Inc. | | | | 8,291 | | | | 312,156 | |
| | | | | | | | | | | | | | 5,256,122 | |
| |
Food & Staples Retailing—2.5% |
| Costco Wholesale Corp. | | | | 14,557 | | | | 798,160 | |
| CVS Caremark Corp. | | | | 44,853 | | | | 1,315,090 | |
| Kroger Co. (The) | | | | 20,793 | | | | 409,414 | |
| Safeway, Inc. | | | | 13,269 | | | | 260,869 | |
| SUPERVALU, Inc. | | | | 7,553 | | | | 81,875 | |
| Sysco Corp. | | | | 19,557 | | | | 558,743 | |
| Walgreen Co. | | | | 31,761 | | | | 848,019 | |
| Wal-Mart Stores, Inc. | | | | 68,381 | | | | 3,287,075 | |
| Whole Foods Market, Inc. | * | | | 5,363 | | | | 193,175 | |
| | | | | | | | | | | | | | 7,752,420 | |
| |
Food Products—1.9% |
| Archer-Daniels-Midland Co. | | | | 21,265 | | | | 549,062 | |
| Campbell Soup Co. | | | | 6,126 | | | | 219,495 | |
| ConAgra Foods, Inc. | | | | 14,781 | | | | 344,693 | |
| Dean Foods Co. | * | | | 6,452 | | | | 64,972 | |
| General Mills, Inc. | | | | 21,905 | | | | 778,066 | |
| H.J. Heinz Co. | | | | 10,469 | | | | 452,470 | |
| Hershey Co. (The) | | | | 5,552 | | | | 266,107 | |
| Hormel Foods Corp. | † | | | 2,325 | | | | 94,116 | |
| J.M. Smucker Co. (The) | | | | 3,807 | | | | 229,257 | |
| Kellogg Co. | | | | 8,189 | | | | 411,907 | |
| Kraft Foods, Inc., Class A | | | | 57,444 | | | | 1,608,432 | |
| McCormick & Co., Inc. | † | | | 4,418 | | | | 167,707 | |
| Mead Johnson Nutrition Co. | | | | 6,505 | | | | 326,031 | |
| Sara Lee Corp. | | | | 22,155 | | | | 312,385 | |
| Tyson Foods, Inc., Class A | | | | 10,902 | | | | 178,684 | |
| | | | | | | | | | | | | | 6,003,384 | |
| |
Gas Utilities—0.2% |
| EQT Corp. | | | | 4,564 | | | | 164,943 | |
| Nicor, Inc. | † | | | 1,395 | | | | 56,498 | |
| Oneok, Inc. | | | | 3,325 | | | | 143,806 | |
| Questar Corp. | | | | 5,856 | | | | 266,389 | |
| | | | | | | | | | | | | | 631,636 | |
| |
Health Care Equipment & Supplies—1.8% |
| Baxter International, Inc. | | | | 19,691 | | | | 800,242 | |
| Becton Dickinson and Co. | | | | 7,650 | | | | 517,293 | |
| Boston Scientific Corp. | * | | | 48,118 | | | | 279,084 | |
| C.R. Bard, Inc. | | | | 3,108 | | | | 240,963 | |
| CareFusion Corp. | * | | | 5,412 | | | | 122,852 | |
| DENTSPLY International, Inc. | † | | | 4,513 | | | | 134,984 | |
| Hospira, Inc. | * | | | 5,541 | | | | 318,331 | |
| Intuitive Surgical, Inc. | * | | | 1,297 | | | | 409,359 | |
| Medtronic, Inc. | | | | 36,308 | | | | 1,316,891 | |
| St. Jude Medical, Inc. | * | | | 10,673 | | | | 385,189 | |
| Stryker Corp. | | | | 9,013 | | | | 451,191 | |
| Varian Medical Systems, Inc. | *† | | | 3,908 | | | | 204,310 | |
| Zimmer Holdings, Inc. | * | | | 6,839 | | | | 369,648 | |
| | | | | | | | | | | | | | 5,550,337 | |
| |
Health Care Providers & Services—2.1% |
| Aetna, Inc. | | | | 13,936 | | | | 367,632 | |
| AmerisourceBergen Corp. | | | | 9,315 | | | | 295,751 | |
| Cardinal Health, Inc. | | | | 11,996 | | | | 403,185 | |
| CIGNA Corp. | | | | 9,237 | | | | 286,901 | |
| Coventry Health Care, Inc. | * | | | 4,426 | | | | 78,252 | |
| DaVita, Inc. | * | | | 3,490 | | | | 217,916 | |
| Express Scripts, Inc. | * | | | 18,086 | | | | 850,404 | |
| Humana, Inc. | * | | | 5,695 | | | | 260,091 | |
| Laboratory Corp. of America Holdings | * | | | 3,448 | | | | 259,807 | |
| McKesson Corp. | | | | 8,970 | | | | 602,425 | |
| Medco Health Solutions, Inc. | * | | | 15,077 | | | | 830,441 | |
| Patterson Cos., Inc. | † | | | 2,852 | | | | 81,368 | |
| Quest Diagnostics, Inc. | | | | 4,972 | | | | 247,456 | |
| Tenet Healthcare Corp. | * | | | 14,819 | | | | 64,314 | |
| UnitedHealth Group, Inc. | | | | 37,484 | | | | 1,064,546 | |
| WellPoint, Inc. | * | | | 14,107 | | | | 690,255 | |
| | | | | | | | | | | | | | 6,600,744 | |
| |
Health Care Technology—0.1% |
| Cerner Corp. | * | | | 2,165 | | | | 164,302 | |
| |
Hotels, Restaurants & Leisure—1.6% |
| Carnival Corp. | | | | 13,990 | | | | 423,058 | |
| Darden Restaurants, Inc. | | | | 4,663 | | | | 181,157 | |
| International Game Technology | | | | 9,205 | | | | 144,518 | |
| Marriott International, Inc., Class A | | | | 8,527 | | | | 255,298 | |
| McDonald’s Corp. | | | | 35,426 | | | | 2,333,511 | |
| Starbucks Corp. | | | | 24,617 | | | | 598,193 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 6,332 | | | | 262,335 | |
| Wyndham Worldwide Corp. | | | | 6,076 | | | | 122,371 | |
| Wynn Resorts Ltd. | † | | | 2,210 | | | | 168,557 | |
| Yum! Brands, Inc. | | | | 15,448 | | | | 603,090 | |
| | | | | | | | | | | | | | 5,092,088 | |
| |
Household Durables—0.4% |
| D.R. Horton, Inc. | † | | | 7,975 | | | | 78,394 | |
| Fortune Brands, Inc. | † | | | 5,116 | | | | 200,445 | |
| Harman International Industries, Inc. | * | | | 2,000 | | | | 59,780 | |
| Leggett & Platt, Inc. | † | | | 5,276 | | | | 105,836 | |
| Lennar Corp., Class A | † | | | 5,349 | | | | 74,405 | |
| Newell Rubbermaid, Inc. | | | | 9,337 | | | | 136,694 | |
| Pulte Group, Inc. | * | | | 11,419 | | | | 94,549 | |
| Stanley Black & Decker, Inc. | | | | 5,362 | | | | 270,888 | |
| Whirlpool Corp. | | | | 2,518 | | | | 221,131 | |
| | | | | | | | | | | | | | 1,242,122 | |
| |
Household Products—2.6% |
| Clorox Co. | | | | 4,707 | | | | 292,587 | |
| Colgate-Palmolive Co. | | | | 16,169 | | | | 1,273,470 | |
| Kimberly-Clark Corp. | | | | 13,665 | | | | 828,509 | |
| Procter & Gamble Co. (The) | | | | 94,763 | | | | 5,683,885 | |
| | | | | | | | | | | | | | 8,078,451 | |
| |
Independent Power Producers & Energy Traders—0.2% |
| AES Corp. (The) | * | | | 21,242 | | | | 196,276 | |
| Constellation Energy Group, Inc. | | | | 6,423 | | | | 207,142 | |
| NRG Energy, Inc. | * | | | 8,174 | | | | 173,370 | |
| | | | | | | | | | | | | | 576,788 | |
See accompanying notes to financial statements.
179
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Industrial Conglomerates—2.3% |
| 3M Co. | | | | 23,490 | | | $ | 1,855,475 | |
| General Electric Co. | | | | 351,316 | | | | 5,065,977 | |
| Textron, Inc. | | | | 9,147 | | | | 155,224 | |
| | | | | | | | | | | | | | 7,076,676 | |
| |
Insurance—3.9% |
| Aflac, Inc. | | | | 15,514 | | | | 661,982 | |
| Allstate Corp. (The) | | | | 17,794 | | | | 511,222 | |
| American International Group, Inc. | *† | | | 4,555 | | | | 156,874 | |
| AON Corp. | | | | 8,752 | | | | 324,874 | |
| Assurant, Inc. | | | | 3,628 | | | | 125,892 | |
| Berkshire Hathaway, Inc., Class B | * | | | 54,480 | | | | 4,341,511 | |
| Chubb Corp. | | | | 10,501 | | | | 525,155 | |
| Cincinnati Financial Corp. | † | | | 5,643 | | | | 145,985 | |
| Genworth Financial, Inc., Class A | * | | | 16,334 | | | | 213,485 | |
| Hartford Financial Services Group, Inc. | | | | 14,732 | | | | 326,019 | |
| Lincoln National Corp. | | | | 10,268 | | | | 249,410 | |
| Loews Corp. | | | | 11,610 | | | | 386,729 | |
| Marsh & McLennan Cos., Inc. | | | | 17,937 | | | | 404,479 | |
| MetLife, Inc. | | | | 27,050 | | | | 1,021,408 | |
| Principal Financial Group, Inc. | | | | 10,148 | | | | 237,869 | |
| Progressive Corp. (The) | | | | 21,649 | | | | 405,269 | |
| Prudential Financial, Inc. | | | | 15,379 | | | | 825,237 | |
| Torchmark Corp. | † | | | 2,839 | | | | 140,559 | |
| Travelers Cos., Inc. (The) | | | | 16,352 | | | | 805,336 | |
| Unum Group | | | | 11,151 | | | | 241,977 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 10,674 | | | | 170,891 | |
| | | | | | | | | | | | | | 12,222,163 | |
| |
Internet & Catalog Retail—0.5% |
| Amazon.com, Inc. | * | | | 11,311 | | | | 1,235,840 | |
| Expedia, Inc. | | | | 6,542 | | | | 122,859 | |
| priceline.com, Inc. | * | | | 1,506 | | | | 265,869 | |
| | | | | | | | | | | | | | 1,624,568 | |
| |
Internet Software & Services—1.7% |
| Akamai Technologies, Inc. | * | | | 5,766 | | | | 233,927 | |
| eBay, Inc. | * | | | 37,538 | | | | 736,120 | |
| Google, Inc., Class A | * | | | 7,966 | | | | 3,544,472 | |
| Monster Worldwide, Inc. | * | | | 4,065 | | | | 47,357 | |
| VeriSign, Inc. | *† | | | 6,165 | | | | 163,681 | |
| Yahoo! Inc. | * | | | 38,121 | | | | 527,213 | |
| | | | | | | | | | | | | | 5,252,770 | |
| |
IT Services—3.1% |
| Automatic Data Processing, Inc. | | | | 16,617 | | | | 669,000 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 9,907 | | | | 495,944 | |
| Computer Sciences Corp. | | | | 5,168 | | | | 233,852 | |
| Fidelity National Information Services, Inc. | | | | 11,064 | | | | 296,737 | |
| Fiserv, Inc. | * | | | 4,834 | | | | 220,721 | |
| International Business Machines Corp. | | | | 42,196 | | | | 5,210,362 | |
| Mastercard, Inc., Class A | | | | 3,198 | | | | 638,097 | |
| Paychex, Inc. | † | | | 10,243 | | | | 266,011 | |
| SAIC, Inc. | * | | | 9,268 | | | | 155,146 | |
| Total System Services, Inc. | † | | | 7,089 | | | | 96,410 | |
| Visa, Inc., Class A | † | | | 14,925 | | | | 1,055,944 | |
| Western Union Co. (The) | | | | 22,394 | | | | 333,895 | |
| | | | | | | | | | | | | | 9,672,119 | |
| |
Leisure Equipment & Products—0.2% |
| Eastman Kodak Co. | *† | | | 8,976 | | | | 38,956 | |
| Hasbro, Inc. | | | | 4,244 | | | | 174,428 | |
| Mattel, Inc. | | | | 12,211 | | | | 258,385 | |
| | | | | | | | | | | | | | 471,769 | |
| |
Life Sciences Tools & Services—0.5% |
| Life Technologies Corp. | * | | | 6,099 | | | | 288,178 | |
| Millipore Corp. | * | | | 1,888 | | | | 201,355 | |
| PerkinElmer, Inc. | | | | 4,019 | | | | 83,072 | |
| Thermo Fisher Scientific, Inc. | * | | | 13,556 | | | | 664,922 | |
| Waters Corp. | *† | | | 2,974 | | | | 192,418 | |
| | | | | | | | | | | | | | 1,429,945 | |
| |
Machinery—1.7% |
| Caterpillar, Inc. | | | | 20,692 | | | | 1,242,968 | |
| Cummins, Inc. | | | | 6,431 | | | | 418,851 | |
| Danaher Corp. | | | | 17,374 | | | | 644,923 | |
| Deere & Co. | | | | 14,026 | | | | 780,968 | |
| Dover Corp. | | | | 5,924 | | | | 247,564 | |
| Eaton Corp. | | | | 5,555 | | | | 363,519 | |
| Flowserve Corp. | | | | 1,878 | | | | 159,254 | |
| Illinois Tool Works, Inc. | | | | 12,794 | | | | 528,136 | |
| PACCAR, Inc. | | | | 12,073 | | | | 481,351 | |
| Pall Corp. | | | | 3,958 | | | | 136,037 | |
| Parker Hannifin Corp. | | | | 5,113 | | | | 283,567 | |
| Snap-On, Inc. | | | | 1,846 | | | | 75,520 | |
| | | | | | | | | | | | | | 5,362,658 | |
| |
Media—3.1% |
| CBS Corp., Class B | | | | 21,597 | | | | 279,249 | |
| Comcast Corp., Class A | | | | 92,966 | | | | 1,614,819 | |
| DIRECTV, Class A | * | | | 29,973 | | | | 1,016,684 | |
| Discovery Communications, Inc., Class A | *† | | | 9,025 | | | | 322,283 | |
| Gannett Co., Inc. | | | | 7,093 | | | | 95,472 | |
| Interpublic Group of Cos., Inc. (The) | *† | | | 16,092 | | | | 114,736 | |
| McGraw-Hill Cos., Inc. (The) | | | | 10,038 | | | | 282,469 | |
| Meredith Corp. | | | | 1,189 | | | | 37,014 | |
| New York Times Co. (The), Class A | * | | | 4,417 | | | | 38,207 | |
| News Corp., Class A | | | | 74,348 | | | | 889,202 | |
| Omnicom Group, Inc. | | | | 9,914 | | | | 340,050 | |
| Scripps Networks Interactive, Inc., Class A | | | | 3,006 | | | | 121,262 | |
| Time Warner Cable, Inc. | | | | 11,700 | | | | 609,336 | |
| Time Warner, Inc. | | | | 37,579 | | | | 1,086,409 | |
| Viacom, Inc., Class B | | | | 20,065 | | | | 629,439 | |
| Walt Disney Co. (The) | | | | 64,502 | | | | 2,031,813 | |
| Washington Post Co. (The), Class B | | | | 218 | | | | 89,485 | |
| | | | | | | | | | | | | | 9,597,929 | |
| |
Metals & Mining—1.1% |
| AK Steel Holding Corp. | | | | 4,204 | | | | 50,112 | |
| Alcoa, Inc. | | | | 33,865 | | | | 340,682 | |
| Allegheny Technologies, Inc. | | | | 3,302 | | | | 145,915 | |
| Cliffs Natural Resources, Inc. | | | | 4,303 | | | | 202,929 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 15,562 | | | | 920,181 | |
| Newmont Mining Corp. | | | | 16,209 | | | | 1,000,744 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
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| Nucor Corp. | | | | 10,440 | | | $ | 399,643 | |
| Titanium Metals Corp. | * | | | 2,725 | | | | 47,933 | |
| United States Steel Corp. | † | | | 4,478 | | | | 172,627 | |
| | | | | | | | | | | | | | 3,280,766 | |
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Multiline Retail—0.8% |
| Big Lots, Inc. | * | | | 2,659 | | | | 85,327 | |
| Family Dollar Stores, Inc. | | | | 4,369 | | | | 164,668 | |
| J.C. Penney Co., Inc. | | | | 7,892 | | | | 169,520 | |
| Kohl’s Corp. | * | | | 10,187 | | | | 483,883 | |
| Macy’s, Inc. | | | | 14,108 | | | | 252,533 | |
| Nordstrom, Inc. | | | | 5,299 | | | | 170,575 | |
| Sears Holdings Corp. | *† | | | 1,559 | | | | 100,789 | |
| Target Corp. | | | | 24,279 | | | | 1,193,798 | |
| | | | | | | | | | | | | | 2,621,093 | |
| |
Multi-Utilities—1.4% |
| Ameren Corp. | | | | 8,026 | | | | 190,778 | |
| CenterPoint Energy, Inc. | | | | 13,038 | | | | 171,580 | |
| CMS Energy Corp. | | | | 6,770 | | | | 99,180 | |
| Consolidated Edison, Inc. | | | | 9,344 | | | | 402,726 | |
| Dominion Resources, Inc. | | | | 19,678 | | | | 762,326 | |
| DTE Energy Co. | | | | 5,638 | | | | 257,149 | |
| Integrys Energy Group, Inc. | | | | 2,588 | | | | 113,199 | |
| NiSource, Inc. | | | | 8,838 | | | | 128,151 | |
| PG&E Corp. | | | | 12,319 | | | | 506,311 | |
| Public Service Enterprise Group, Inc. | | | | 16,734 | | | | 524,276 | |
| SCANA Corp. | | | | 3,814 | | | | 136,389 | |
| Sempra Energy | | | | 8,205 | | | | 383,912 | |
| TECO Energy, Inc. | | | | 7,055 | | | | 106,319 | |
| Wisconsin Energy Corp. | | | | 4,032 | | | | 204,584 | |
| Xcel Energy, Inc. | | | | 15,339 | | | | 316,137 | |
| | | | | | | | | | | | | | 4,303,017 | |
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Office Electronics—0.1% |
| Xerox Corp. | | | | 45,690 | | | | 367,348 | |
| |
Oil, Gas & Consumable Fuels—8.9% |
| Anadarko Petroleum Corp. | | | | 16,346 | | | | 589,927 | |
| Apache Corp. | | | | 11,125 | | | | 936,614 | |
| Cabot Oil & Gas Corp. | † | | | 3,632 | | | | 113,754 | |
| Chesapeake Energy Corp. | | | | 21,536 | | | | 451,179 | |
| Chevron Corp. | | | | 66,100 | | | | 4,485,546 | |
| ConocoPhillips | | | | 49,003 | | | | 2,405,557 | |
| CONSOL Energy, Inc. | | | | 7,547 | | | | 254,787 | |
| Denbury Resources, Inc. | * | | | 12,602 | | | | 184,493 | |
| Devon Energy Corp. | | | | 14,743 | | | | 898,144 | |
| El Paso Corp. | | | | 23,526 | | | | 261,374 | |
| EOG Resources, Inc. | | | | 8,354 | | | | 821,783 | |
| Exxon Mobil Corp. | | | | 168,222 | | | | 9,600,441 | |
| Hess Corp. | | | | 9,667 | | | | 486,637 | |
| Marathon Oil Corp. | | | | 23,427 | | | | 728,345 | |
| Massey Energy Co. | | | | 3,246 | | | | 88,778 | |
| Murphy Oil Corp. | | | | 6,084 | | | | 301,462 | |
| Noble Energy, Inc. | | | | 5,791 | | | | 349,371 | |
| Occidental Petroleum Corp. | | | | 26,747 | | | | 2,063,531 | |
| Peabody Energy Corp. | | | | 8,538 | | | | 334,092 | |
| Pioneer Natural Resources Co. | | | | 3,881 | | | | 230,725 | |
| Range Resources Corp. | | | | 5,342 | | | | 214,481 | |
| Southwestern Energy Co. | * | | | 11,457 | | | | 442,699 | |
| Spectra Energy Corp. | | | | 21,457 | | | | 430,642 | |
| Sunoco, Inc. | | | | 3,836 | | | | 133,378 | |
| Tesoro Corp. | † | | | 4,285 | | | | 50,006 | |
| Valero Energy Corp. | | | | 18,867 | | | | 339,229 | |
| Williams Cos., Inc. (The) | | | | 19,364 | | | | 353,974 | |
| | | | | | | | | | | | | | 27,550,949 | |
| |
Paper & Forest Products—0.2% |
| International Paper Co. | | | | 14,482 | | | | 327,728 | |
| MeadWestvaco Corp. | | | | 5,178 | | | | 114,952 | |
| Weyerhaeuser Co. | | | | 6,733 | | | | 237,001 | |
| | | | | | | | | | | | | | 679,681 | |
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Personal Products—0.2% |
| Avon Products, Inc. | | | | 13,632 | | | | 361,248 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 4,016 | | | | 223,812 | |
| | | | | | | | | | | | | | 585,060 | |
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Pharmaceuticals—6.1% |
| Abbott Laboratories | | | | 50,828 | | | | 2,377,734 | |
| Allergan, Inc. | | | | 10,165 | | | | 592,213 | |
| Bristol-Myers Squibb Co. | | | | 56,679 | | | | 1,413,574 | |
| Eli Lilly & Co. | | | | 33,464 | | | | 1,121,044 | |
| Forest Laboratories, Inc. | * | | | 9,614 | | | | 263,712 | |
| Johnson & Johnson | | | | 90,758 | | | | 5,360,167 | |
| King Pharmaceuticals, Inc. | * | | | 7,229 | | | | 54,868 | |
| Merck & Co., Inc. | | | | 102,638 | | | | 3,589,251 | |
| Mylan, Inc. | *† | | | 9,791 | | | | 166,839 | |
| Pfizer, Inc. | | | | 265,479 | | | | 3,785,731 | |
| Watson Pharmaceuticals, Inc. | * | | | 3,595 | | | | 145,849 | |
| | | | | | | | | | | | | | 18,870,982 | |
| |
Professional Services—0.1% |
| Dun & Bradstreet Corp. | | | | 1,587 | | | | 106,520 | |
| Equifax, Inc. | | | | 4,486 | | | | 125,877 | |
| Robert Half International, Inc. | | | | 5,293 | | | | 124,650 | |
| | | | | | | | | | | | | | 357,047 | |
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Real Estate Investment Trusts (REITs)—1.3% |
| Apartment Investment & Management Co., Class A REIT | † | | | 3,454 | | | | 66,904 | |
| AvalonBay Communities, Inc. REIT | † | | | 2,776 | | | | 259,195 | |
| Boston Properties, Inc. REIT | † | | | 4,416 | | | | 315,037 | |
| Equity Residential REIT | | | | 9,375 | | | | 390,375 | |
| HCP, Inc. REIT | | | | 9,339 | | | | 301,183 | |
| Health Care REIT, Inc. REIT | | | | 4,035 | | | | 169,954 | |
| Host Hotels & Resorts, Inc. REIT | | | | 20,913 | | | | 281,907 | |
| Kimco Realty Corp. REIT | | | | 13,174 | | | | 177,059 | |
| Plum Creek Timber Co., Inc. REIT | † | | | 5,574 | | | | 192,470 | |
| ProLogis REIT | † | | | 15,475 | | | | 156,762 | |
| Public Storage REIT | | | | 4,502 | | | | 395,771 | |
| Simon Property Group, Inc. REIT | | | | 9,661 | | | | 780,126 | |
| Ventas, Inc. REIT | | | | 5,257 | | | | 246,816 | |
| Vornado Realty Trust REIT | † | | | 5,245 | | | | 382,623 | |
| | | | | | | | | | | | | | 4,116,182 | |
| |
Real Estate Management & Development—0.0% |
| CB Richard Ellis Group, Inc., Class A | * | | | 9,194 | | | | 125,130 | |
| |
Road & Rail—0.8% |
| CSX Corp. | | | | 12,858 | | | | 638,143 | |
| Norfolk Southern Corp. | | | | 12,224 | | | | 648,483 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Ryder System, Inc. | | | | 1,762 | | | $ | 70,885 | |
| Union Pacific Corp. | | | | 16,687 | | | | 1,159,913 | |
| | | | | | | | | | | | | | 2,517,424 | |
| |
Semiconductors & Semiconductor Equipment—2.6% |
| Advanced Micro Devices, Inc. | * | | | 17,355 | | | | 127,039 | |
| Altera Corp. | † | | | 10,107 | | | | 250,755 | |
| Analog Devices, Inc. | | | | 9,959 | | | | 277,458 | |
| Applied Materials, Inc. | | | | 44,415 | | | | 533,868 | |
| Broadcom Corp., Class A | | | | 14,293 | | | | 471,240 | |
| First Solar, Inc. | *† | | | 1,533 | | | | 174,501 | |
| Intel Corp. | | | | 183,131 | | | | 3,561,898 | |
| KLA-Tencor Corp. | | | | 5,322 | | | | 148,377 | |
| Linear Technology Corp. | † | | | 7,535 | | | | 209,548 | |
| LSI Corp. | * | | | 19,354 | | | | 89,028 | |
| MEMC Electronic Materials, Inc. | * | | | 7,971 | | | | 78,753 | |
| Microchip Technology, Inc. | † | | | 5,876 | | | | 163,000 | |
| Micron Technology, Inc. | * | | | 28,456 | | | | 241,591 | |
| National Semiconductor Corp. | † | | | 7,438 | | | | 100,116 | |
| Novellus Systems, Inc. | * | | | 3,117 | | | | 79,047 | |
| NVIDIA Corp. | * | | | 19,212 | | | | 196,155 | |
| Teradyne, Inc. | *† | | | 6,358 | | | | 61,991 | |
| Texas Instruments, Inc. | | | | 40,320 | | | | 938,650 | |
| Xilinx, Inc. | | | | 8,854 | | | | 223,652 | |
| | | | | | | | | | | | | | 7,926,667 | |
| |
Software—3.7% |
| Adobe Systems, Inc. | * | | | 17,407 | | | | 460,067 | |
| Autodesk, Inc. | * | | | 7,352 | | | | 179,095 | |
| BMC Software, Inc. | * | | | 5,758 | | | | 199,399 | |
| CA, Inc. | | | | 12,683 | | | | 233,367 | |
| Citrix Systems, Inc. | * | | | 6,214 | | | | 262,417 | |
| Compuware Corp. | * | | | 9,006 | | | | 71,868 | |
| Electronic Arts, Inc. | * | | | 10,046 | | | | 144,662 | |
| Intuit, Inc. | * | | | 10,297 | | | | 358,027 | |
| McAfee, Inc. | * | | | 5,048 | | | | 155,075 | |
| Microsoft Corp. | | | | 250,868 | | | | 5,772,473 | |
| Novell, Inc. | * | | | 11,821 | | | | 67,143 | |
| Oracle Corp. | | | | 128,885 | | | | 2,765,872 | |
| Red Hat, Inc. | * | | | 6,356 | | | | 183,943 | |
| Salesforce.com, Inc. | *† | | | 3,754 | | | | 322,168 | |
| Symantec Corp. | * | | | 26,008 | | | | 360,991 | |
| | | | | | | | | | | | | | 11,536,567 | |
| |
Specialty Retail—2.0% |
| Abercrombie & Fitch Co., Class A | | | | 2,804 | | | | 86,055 | |
| AutoNation, Inc. | *† | | | 3,434 | | | | 66,963 | |
| AutoZone, Inc. | * | | | 966 | | | | 186,651 | |
| Bed Bath & Beyond, Inc. | * | | | 8,349 | | | | 309,581 | |
| Best Buy Co., Inc. | | | | 11,461 | | | | 388,069 | |
| CarMax, Inc. | * | | | 5,838 | | | | 116,176 | |
| GameStop Corp., Class A | * | | | 4,873 | | | | 91,564 | |
| Gap, Inc. (The) | | | | 15,228 | | | | 296,337 | |
| Home Depot, Inc. | | | | 55,361 | | | | 1,553,983 | |
| Limited Brands, Inc. | | | | 9,073 | | | | 200,241 | |
| Lowe’s Cos., Inc. | | | | 47,143 | | | | 962,660 | |
| Office Depot, Inc. | * | | | 8,714 | | | | 35,205 | |
| O’Reilly Automotive, Inc. | * | | | 4,639 | | | | 220,631 | |
| RadioShack Corp. | | | | 3,908 | | | | 76,245 | |
| Ross Stores, Inc. | | | | 4,115 | | | | 219,288 | |
| Staples, Inc. | | | | 24,150 | | | | 460,057 | |
| Tiffany & Co. | | | | 4,254 | | | | 161,269 | |
| TJX Cos., Inc. | | | | 13,486 | | | | 565,738 | |
| Urban Outfitters, Inc. | * | | | 4,083 | | | | 140,414 | |
| | | | | | | | | | | | | | 6,137,127 | |
| |
Textiles, Apparel & Luxury Goods—0.5% |
| Coach, Inc. | | | | 10,146 | | | | 370,836 | |
| NIKE, Inc., Class B | | | | 12,821 | | | | 866,059 | |
| Polo Ralph Lauren Corp. | | | | 1,954 | | | | 142,564 | |
| V.F. Corp. | | | | 2,834 | | | | 201,724 | |
| | | | | | | | | | | | | | 1,581,183 | |
| |
Thrifts & Mortgage Finance—0.1% |
| Hudson City Bancorp, Inc. | | | | 15,948 | | | | 195,204 | |
| People’s United Financial, Inc. | | | | 12,543 | | | | 169,330 | |
| | | | | | | | | | | | | | 364,534 | |
| |
Tobacco—1.6% |
| Altria Group, Inc. | | | | 68,648 | | | | 1,375,706 | |
| Lorillard, Inc. | | | | 4,916 | | | | 353,854 | |
| Philip Morris International, Inc. | | | | 60,971 | | | | 2,794,910 | |
| Reynolds American, Inc. | | | | 5,384 | | | | 280,614 | |
| | | | | | | | | | | | | | 4,805,084 | |
| |
Trading Companies & Distributors—0.1% |
| Fastenal Co. | † | | | 4,379 | | | | 219,782 | |
| W.W. Grainger, Inc. | | | | 1,952 | | | | 194,126 | |
| | | | | | | | | | | | | | 413,908 | |
| |
Wireless Telecommunication Services—0.4% |
| American Tower Corp., Class A | * | | | 13,339 | | | | 593,586 | |
| MetroPCS Communications, Inc. | * | | | 8,843 | | | | 72,424 | |
| Sprint Nextel Corp. | * | | | 98,731 | | | | 418,619 | |
| | | | | | | | | | | | | | 1,084,629 | |
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TOTAL COMMON STOCKS |
| (Cost $252,092,438) | | | | | | 306,533,825 | |
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U.S. TREASURY OBLIGATIONS—0.1% |
U.S. Treasury Bills—0.1% |
| U.S. Treasury Bill |
| 0.108% | | | | 09/09/2010 | | ‡‡ | | | | | | | | |
| (Cost $359,924) | | | $ | 360,000 | | | | 359,899 | |
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CASH EQUIVALENTS—3.4% |
Institutional Money Market Funds—3.4% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 1,000,000 | | | | 1,000,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 3,534,583 | | | | 3,534,583 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 651,924 | | | | 651,924 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 1,550,000 | | | | 1,550,000 | |
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint 500
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| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 1,550,000 | | | $ | 1,550,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 1,200,000 | | | | 1,200,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 1,020,000 | | | | 1,020,000 | |
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TOTAL CASH EQUIVALENTS |
| (Cost $10,506,507) | | | | | | 10,506,507 | |
| |
TOTAL INVESTMENTS—102.2% | | | |
| (Cost $262,958,869) | | 317,400,231 | |
| Other assets less liabilities—(2.2%) | | (6,936,448 | ) |
| |
NET ASSETS—100.0% | $ | 310,463,783 | |
Notes to the Schedule of Investments: |
| REIT | | | | Real Estate Investment Trust |
| † | | | | Denotes all or a portion of the security on loan. |
| * | | | | Non-income producing. |
| ‡‡ | | | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
183
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Broad
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COMMON STOCKS—97.8% |
Aerospace & Defense—2.3% |
| AAR Corp. | * | | | 1,489 | | | $ | 24,926 | |
| Alliant Techsystems, Inc. | * | | | 1,550 | | | | 96,193 | |
| American Science & Engineering, Inc. | | | | 435 | | | | 33,151 | |
| Applied Signal Technology, Inc. | † | | | 1,237 | | | | 24,307 | |
| BE Aerospace, Inc. | * | | | 2,393 | | | | 60,854 | |
| Boeing Co. (The) | | | | 22,979 | | | | 1,441,932 | |
| Ceradyne, Inc. | * | | | 1,867 | | | | 39,898 | |
| Cubic Corp. | † | | | 476 | | | | 17,317 | |
| Curtiss-Wright Corp. | † | | | 2,112 | | | | 61,332 | |
| Esterline Technologies Corp. | * | | | 1,049 | | | | 49,775 | |
| GenCorp, Inc. | * | | | 1,629 | | | | 7,135 | |
| General Dynamics Corp. | | | | 13,610 | | | | 797,002 | |
| Goodrich Corp. | | | | 4,882 | | | | 323,432 | |
| HEICO Corp., Class A | | | | 1,097 | | | | 29,564 | |
| Hexcel Corp. | *† | | | 4,757 | | | | 73,781 | |
| Honeywell International, Inc. | | | | 26,085 | | | | 1,018,098 | |
| ITT Corp. | | | | 4,977 | | | | 223,567 | |
| Kratos Defense & Security Solutions, Inc. | * | | | 239 | | | | 2,509 | |
| L-3 Communications Holdings, Inc. | | | | 5,024 | | | | 355,900 | |
| Ladish Co., Inc. | * | | | 900 | | | | 20,448 | |
| Lockheed Martin Corp. | | | | 10,408 | | | | 775,396 | |
| Moog, Inc., Class A | * | | | 1,446 | | | | 46,605 | |
| Northrop Grumman Corp. | | | | 8,047 | | | | 438,079 | |
| Orbital Sciences Corp. | * | | | 2,123 | | | | 33,480 | |
| Precision Castparts Corp. | | | | 5,136 | | | | 528,597 | |
| Raytheon Co. | | | | 13,394 | | | | 648,136 | |
| Rockwell Collins, Inc. | | | | 6,041 | | | | 320,958 | |
| Spirit Aerosystems Holdings, Inc., Class A | * | | | 2,103 | | | | 40,083 | |
| Stanley, Inc. | * | | | 911 | | | | 34,053 | |
| Taser International, Inc. | *† | | | 2,292 | | | | 8,939 | |
| Teledyne Technologies, Inc. | *† | | | 1,228 | | | | 47,376 | |
| Triumph Group, Inc. | | | | 822 | | | | 54,770 | |
| United Technologies Corp. | | | | 31,372 | | | | 2,036,357 | |
| | | | | | | | | | | | | | 9,713,950 | |
| |
Air Freight & Logistics—0.6% |
| Air T, Inc. | | | | 1,352 | | | | 14,142 | |
| Atlas Air Worldwide Holdings, Inc. | * | | | 600 | | | | 28,500 | |
| C.H. Robinson Worldwide, Inc. | | | | 6,357 | | | | 353,830 | |
| Expeditors International of Washington, Inc. | | | | 8,772 | | | | 302,722 | |
| FedEx Corp. | | | | 9,135 | | | | 640,455 | |
| Forward Air Corp. | † | | | 1,431 | | | | 38,995 | |
| HUB Group, Inc., Class A | * | | | 2,400 | | | | 72,024 | |
| Pacer International, Inc. | * | | | 1,664 | | | | 11,631 | |
| United Parcel Service, Inc., Class B | | | | 21,926 | | | | 1,247,370 | |
| UTi Worldwide, Inc. (Virgin Islands, British) | | | | 2,208 | | | | 27,335 | |
| | | | | | | | | | | | | | 2,737,004 | |
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Airlines—0.2% |
| AirTran Holdings, Inc. | *† | | | 3,168 | | | | 15,365 | |
| Alaska Air Group, Inc. | *† | | | 1,343 | | | | 60,368 | |
| AMR Corp. | * | | | 6,672 | | | | 45,236 | |
| Continental Airlines, Inc., Class B | * | | | 2,723 | | | | 59,906 | |
| Delta Air Lines, Inc. | * | | | 25,505 | | | | 299,683 | |
| ExpressJet Holdings, Inc. | * | | | 263 | | | | 684 | |
| JetBlue Airways Corp. | *† | | | 6,414 | | | | 35,213 | |
| Skywest, Inc. | | | | 2,390 | | | | 29,206 | |
| Southwest Airlines Co. | | | | 7,926 | | | | 88,058 | |
| UAL Corp. | *† | | | 3,500 | | | | 71,960 | |
| US Airways Group, Inc. | * | | | 8,660 | | | | 74,562 | |
| | | | | | | | | | | | | | 780,241 | |
| |
Auto Components—0.2% |
| American Axle & Manufacturing Holdings, Inc. | * | | | 2,113 | | | | 15,488 | |
| Amerigon, Inc. | * | | | 2,107 | | | | 15,550 | |
| BorgWarner, Inc. | * | | | 2,193 | | | | 81,887 | |
| Cooper Tire & Rubber Co. | | | | 3,066 | | | | 59,787 | |
| Dana Holding Corp. | * | | | 2,450 | | | | 24,500 | |
| Fuel Systems Solutions, Inc. | *† | | | 769 | | | | 19,955 | |
| Gentex Corp. | | | | 6,594 | | | | 118,560 | |
| Goodyear Tire & Rubber Co. (The) | * | | | 7,281 | | | | 72,373 | |
| Johnson Controls, Inc. | | | | 18,909 | | | | 508,085 | |
| Modine Manufacturing Co. | * | | | 1,208 | | | | 9,277 | |
| Quantum Fuel Systems Technologies Worldwide, Inc. | *† | | | 2,809 | | | | 1,506 | |
| Shiloh Industries, Inc. | * | | | 1,441 | | | | 12,191 | |
| Strattec Security Corp. | * | | | 123 | | | | 2,718 | |
| Superior Industries International, Inc. | | | | 1,102 | | | | 14,811 | |
| Tenneco, Inc. | * | | | 1,600 | | | | 33,696 | |
| TRW Automotive Holdings Corp. | * | | | 900 | | | | 24,813 | |
| | | | | | | | | | | | | | 1,015,197 | |
| |
Automobiles—0.3% |
| Ford Motor Co. | * | | | 122,116 | | | | 1,230,929 | |
| Harley-Davidson, Inc. | † | | | 5,597 | | | | 124,421 | |
| Thor Industries, Inc. | | | | 1,221 | | | | 28,999 | |
| Winnebago Industries, Inc. | * | | | 1,432 | | | | 14,234 | |
| | | | | | | | | | | | | | 1,398,583 | |
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Beverages—2.3% |
| Brown-Forman Corp., Class B | | | | 4,876 | | | | 279,053 | |
| Central European Distribution Corp. (Poland) | * | | | 652 | | | | 13,940 | |
| Coca-Cola Bottling Co. Consolidated | † | | | 437 | | | | 20,941 | |
| Coca-Cola Co. (The) | | | | 84,379 | | | | 4,229,075 | |
| Coca-Cola Enterprises, Inc. | | | | 10,775 | | | | 278,642 | |
| Constellation Brands, Inc., Class A | * | | | 8,096 | | | | 126,460 | |
| Dr. Pepper Snapple Group, Inc. | | | | 9,896 | | | | 370,011 | |
| Hansen Natural Corp. | * | | | 2,680 | | | | 104,815 | |
| Molson Coors Brewing Co., Class B | | | | 5,822 | | | | 246,620 | |
| PepsiCo, Inc. | | | | 65,920 | | | | 4,017,824 | |
| | | | | | | | | | | | | | 9,687,381 | |
| |
Biotechnology—1.7% |
| Aastrom Biosciences, Inc. | *† | | | 411 | | | | 612 | |
| Abraxis Bioscience, Inc. | * | | | 439 | | | | 32,574 | |
| Acorda Therapeutics, Inc. | * | | | 674 | | | | 20,968 | |
| Alexion Pharmaceuticals, Inc. | * | | | 2,350 | | | | 120,297 | |
| Alkermes, Inc. | * | | | 3,579 | | | | 44,559 | |
| Allos Therapeutics, Inc. | *† | | | 3,978 | | | | 24,385 | |
| Alnylam Pharmaceuticals, Inc. | * | | | 2,390 | | | | 35,898 | |
| AMAG Pharmaceuticals, Inc. | *† | | | 834 | | | | 28,648 | |
| Amgen, Inc. | * | | | 38,967 | | | | 2,049,664 | |
See accompanying notes to financial statements.
184
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Broad
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COMMON STOCKS—(Continued) |
| Amylin Pharmaceuticals, Inc. | *† | | | 4,036 | | | $ | 75,877 | |
| Anadys Pharmaceuticals, Inc. | * | | | 3,242 | | | | 6,225 | |
| Antigenics, Inc. | *† | | | 1,707 | | | | 1,384 | |
| ARCA Biopharma, Inc. | *† | | | 57 | | | | 193 | |
| Arena Pharmaceuticals, Inc. | *† | | | 1,439 | | | | 4,418 | |
| Ariad Pharmaceuticals, Inc. | * | | | 1,662 | | | | 4,687 | |
| Arqule, Inc. | * | | | 864 | | | | 3,715 | |
| Array Biopharma, Inc. | *† | | | 4,333 | | | | 13,216 | |
| AVI BioPharma, Inc. | *† | | | 2,400 | | | | 3,864 | |
| Avigen, Inc. (Escrow Shares) | *‡d | | | 1,009 | | | | — | |
| Biogen Idec, Inc. | * | | | 7,315 | | | | 347,097 | |
| BioMarin Pharmaceutical, Inc. | *† | | | 3,587 | | | | 68,010 | |
| Biosante Pharmaceuticals, Inc. | * | | | 300 | | | | 528 | |
| Capstone Therapeutics Corp. | * | | | 1,516 | | | | 1,002 | |
| Celera Corp. | *† | | | 3,028 | | | | 19,833 | |
| Celgene Corp. | * | | | 19,373 | | | | 984,536 | |
| Cell Therapeutics, Inc. | *† | | | 34 | | | �� | 13 | |
| Celldex Therapeutics, Inc. | *† | | | 429 | | | | 1,956 | |
| Cephalon, Inc. | * | | | 2,647 | | | | 150,217 | |
| Cepheid, Inc. | *† | | | 4,930 | | | | 78,979 | |
| Clinical Data, Inc. | *† | | | 1,998 | | | | 24,855 | |
| Cubist Pharmaceuticals, Inc. | * | | | 1,762 | | | | 36,297 | |
| CytRx Corp. | * | | | 4,200 | | | | 3,234 | |
| Dendreon Corp. | * | | | 4,737 | | | | 153,147 | |
| Discovery Laboratories, Inc. | *† | | | 2,566 | | | | 488 | |
| Emergent Biosolutions, Inc. | * | | | 1,319 | | | | 21,552 | |
| Entremed, Inc. | * | | | 1,390 | | | | 561 | |
| Enzon Pharmaceuticals, Inc. | *† | | | 1,765 | | | | 18,797 | |
| EPIX Pharmaceuticals, Inc. | * | | | 640 | | | | 4 | |
| Exact Sciences Corp. | *† | | | 1,250 | | | | 5,500 | |
| Exelixis, Inc. | *† | | | 2,695 | | | | 9,352 | |
| Genaera Corp. | *‡d | | | 797 | | | | — | |
| Genomic Health, Inc. | *† | | | 1,284 | | | | 16,602 | |
| Genzyme Corp. | * | | | 10,347 | | | | 525,317 | |
| Geron Corp. | *† | | | 4,719 | | | | 23,689 | |
| Gilead Sciences, Inc. | * | | | 38,028 | | | | 1,303,600 | |
| GTC Biotherapeutics, Inc. | * | | | 398 | | | | 191 | |
| GTx, Inc. | * | | | 200 | | | | 610 | |
| Halozyme Therapeutics, Inc. | * | | | 6,362 | | | | 44,788 | |
| Hemispherx Biopharma, Inc. | *† | | | 920 | | | | 431 | |
| Human Genome Sciences, Inc. | * | | | 5,938 | | | | 134,555 | |
| Immunogen, Inc. | *† | | | 1,323 | | | | 12,264 | |
| Immunomedics, Inc. | *† | | | 2,141 | | | | 6,616 | |
| Incyte Corp. Ltd. | *† | | | 3,102 | | | | 34,339 | |
| InterMune, Inc. | * | | | 1,586 | | | | 14,829 | |
| Isis Pharmaceuticals, Inc. | *† | | | 2,216 | | | | 21,207 | |
| Keryx Biopharmaceuticals, Inc. | *† | | | 5,221 | | | | 19,109 | |
| Lexicon Pharmaceuticals, Inc. | *† | | | 2,343 | | | | 2,999 | |
| Ligand Pharmaceuticals, Inc., Class B | * | | | 4,898 | | | | 7,151 | |
| MannKind Corp. | *† | | | 4,492 | | | | 28,704 | |
| Martek Biosciences Corp. | * | | | 1,148 | | | | 27,219 | |
| Maxygen, Inc. | * | | | 1,231 | | | | 6,807 | |
| MDRNA, Inc. | *† | | | 1,500 | | | | 1,352 | |
| MediciNova, Inc. | * | | | 88 | | | | 418 | |
| Medivation, Inc. | *† | | | 1,731 | | | | 15,302 | |
| Momenta Pharmaceuticals, Inc. | *† | | | 2,618 | | | | 32,097 | |
| Myriad Genetics, Inc. | * | | | 4,124 | | | | 61,654 | |
| Myriad Pharmaceuticals, Inc. | * | | | 1,031 | | | | 3,877 | |
| Nabi Biopharmaceuticals | * | | | 1,995 | | | | 10,853 | |
| Neurobiological Technologies, Inc. | * | | | 448 | | | | 31 | |
| Neurocrine Biosciences, Inc. | * | | | 1,479 | | | | 8,282 | |
| Novavax, Inc. | *† | | | 1,550 | | | | 3,364 | |
| NPS Pharmaceuticals, Inc. | * | | | 1,660 | | | | 10,690 | |
| Onyx Pharmaceuticals, Inc. | * | | | 1,361 | | | | 29,384 | |
| Osiris Therapeutics, Inc. | * | | | 1,402 | | | | 8,146 | |
| PDL BioPharma, Inc. | | | | 3,841 | | | | 21,586 | |
| Peregrine Pharmaceuticals, Inc. | * | | | 1,823 | | | | 3,919 | |
| Pharmasset, Inc. | * | | | 1,946 | | | | 53,204 | |
| Poniard Pharmaceuticals, Inc. | *† | | | 396 | | | | 238 | |
| Progenics Pharmaceuticals, Inc. | * | | | 793 | | | | 4,346 | |
| Regeneron Pharmaceuticals, Inc. | *† | | | 2,632 | | | | 58,746 | |
| Rigel Pharmaceuticals, Inc. | * | | | 1,882 | | | | 13,550 | |
| RXi Pharmaceuticals Corp. | *† | | | 209 | | | | 543 | |
| Savient Pharmaceuticals, Inc. | * | | | 1,538 | | | | 19,379 | |
| Sciclone Pharmaceuticals, Inc. | *† | | | 1,700 | | | | 4,522 | |
| SIGA Technologies, Inc. | *† | | | 4,649 | | | | 35,797 | |
| Telik, Inc. | * | | | 1,748 | | | | 1,363 | |
| Theravance, Inc. | *† | | | 3,224 | | | | 40,526 | |
| Trimeris, Inc. | * | | | 1,214 | | | | 2,622 | |
| United Therapeutics Corp. | * | | | 1,828 | | | | 89,225 | |
| Vanda Pharmaceuticals, Inc. | * | | | 2,680 | | | | 17,715 | |
| Vertex Pharmaceuticals, Inc. | *† | | | 5,197 | | | | 170,981 | |
| XOMA Ltd. | * | | | 4,976 | | | | 2,060 | |
| Zymogenetics, Inc. | * | | | 2,343 | | | | 9,887 | |
| | | | | | | | | | | | | | 7,363,828 | |
| |
Building Products—0.1% |
| A.O. Smith Corp. | † | | | 1,341 | | | | 64,623 | |
| American Woodmark Corp. | | | | 800 | | | | 13,680 | |
| Ameron International Corp. | | | | 542 | | | | 32,699 | |
| Apogee Enterprises, Inc. | † | | | 1,250 | | | | 13,537 | |
| Gibraltar Industries, Inc. | *† | | | 1,188 | | | | 11,999 | |
| Griffon Corp. | * | | | 1,288 | | | | 14,245 | |
| Lennox International, Inc. | | | | 2,437 | | | | 101,306 | |
| Masco Corp. | | | | 9,464 | | | | 101,833 | |
| NCI Building Systems, Inc. | * | | | 246 | | | | 2,059 | |
| Owens Corning, Inc. | * | | | 1,100 | | | | 32,901 | |
| Quanex Building Products Corp. | | | | 1,671 | | | | 28,892 | |
| Simpson Manufacturing Co., Inc. | | | | 2,084 | | | | 51,162 | |
| Trex Co., Inc. | *† | | | 731 | | | | 14,686 | |
| U.S. Home Systems, Inc. | * | | | 1,291 | | | | 3,434 | |
| Universal Forest Products, Inc. | † | | | 1,121 | | | | 33,977 | |
| USG Corp. | *† | | | 3,348 | | | | 40,444 | |
| | | | | | | | | | | | | | 561,477 | |
| |
Capital Markets—2.4% |
| Affiliated Managers Group, Inc. | * | | | 1,354 | | | | 82,283 | |
| Ameriprise Financial, Inc. | | | | 9,235 | | | | 333,661 | |
| Arlington Asset Investment Corp., Class A | † | | | 304 | | | | 5,724 | |
| Bank of New York Mellon Corp. (The) | | | | 44,659 | | | | 1,102,631 | |
| BGC Partners, Inc., Class A | | | | 7,270 | | | | 37,150 | |
| BlackRock, Inc. | | | | 1,892 | | | | 271,313 | |
| Calamos Asset Management, Inc., Class A | † | | | 1,800 | | | | 16,704 | |
| Charles Schwab Corp. (The) | | | | 37,877 | | | | 537,096 | |
| Deerfield Capital Corp. | * | | | 342 | | | | 1,878 | |
| Diamond Hill Investment Group, Inc. | † | | | 331 | | | | 18,764 | |
| E*Trade Financial Corp. | * | | | 13,474 | | | | 159,263 | |
| Eaton Vance Corp. | † | | | 5,282 | | | | 145,836 | |
| Federated Investors, Inc., Class B | † | | | 3,745 | | | | 77,559 | |
| Franklin Resources, Inc. | | | | 7,589 | | | | 654,096 | |
| GAMCO Investors, Inc., Class A | | | | 558 | | | | 20,758 | |
See accompanying notes to financial statements.
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| GFI Group, Inc. | | | | 2,520 | | | $ | 14,062 | |
| GLG Partners, Inc. | * | | | 9,550 | | | | 41,829 | |
| Goldman Sachs Group, Inc. (The) | | | | 19,949 | | | | 2,618,705 | |
| Greenhill & Co., Inc. | † | | | 495 | | | | 30,259 | |
| International Assets Holding Corp. | * | | | 507 | | | | 8,112 | |
| Invesco Ltd. | | | | 16,610 | | | | 279,546 | |
| Investment Technology Group, Inc. | * | | | 2,078 | | | | 33,373 | |
| Janus Capital Group, Inc. | † | | | 6,411 | | | | 56,930 | |
| Jefferies Group, Inc. | † | | | 4,678 | | | | 98,612 | |
| KBW, Inc. | * | | | 1,604 | | | | 34,390 | |
| Knight Capital Group, Inc., Class A | * | | | 4,630 | | | | 63,848 | |
| LaBranche & Co., Inc. | * | | | 2,588 | | | | 11,077 | |
| Legg Mason, Inc. | | | | 5,850 | | | | 163,975 | |
| MF Global Holdings Ltd. | * | | | 2,928 | | | | 16,719 | |
| Morgan Stanley | | | | 46,770 | | | | 1,085,532 | |
| Northern Trust Corp. | | | | 8,495 | | | | 396,716 | |
| optionsXpress Holdings, Inc. | * | | | 1,914 | | | | 30,126 | |
| Piper Jaffray Cos. | * | | | 963 | | | | 31,028 | |
| Raymond James Financial, Inc. | † | | | 3,472 | | | | 85,724 | |
| Safeguard Scientifics, Inc. | * | | | 678 | | | | 7,160 | |
| SEI Investments Co. | | | | 5,918 | | | | 120,490 | |
| State Street Corp. | | | | 19,892 | | | | 672,747 | |
| Stifel Financial Corp. | * | | | 1,588 | | | | 68,903 | |
| SWS Group, Inc. | † | | | 1,323 | | | | 12,568 | |
| T. Rowe Price Group, Inc. | | | | 11,032 | | | | 489,710 | |
| TD Ameritrade Holding Corp. | * | | | 8,355 | | | | 127,831 | |
| Teton Advisors, Inc., Class A | * | | | 8 | | | | 74 | |
| TradeStation Group, Inc. | *† | | | 1,690 | | | | 11,408 | |
| Virtus Investment Partners, Inc. | * | | | 210 | | | | 3,931 | |
| Waddell & Reed Financial, Inc., Class A | † | | | 3,971 | | | | 86,885 | |
| Westwood Holdings Group, Inc. | † | | | 1,027 | | | | 36,099 | |
| | | | | | | | | | | | | | 10,203,085 | |
| |
Chemicals—2.0% |
| A. Schulman, Inc. | | | | 1,444 | | | | 27,378 | |
| Air Products & Chemicals, Inc. | | | | 6,756 | | | | 437,856 | |
| Airgas, Inc. | | | | 3,075 | | | | 191,265 | |
| Albemarle Corp. | † | | | 3,712 | | | | 147,404 | |
| Ampal-American Israel Corp., Class A | * | | | 1,391 | | | | 2,170 | |
| Arch Chemicals, Inc. | † | | | 1,211 | | | | 37,226 | |
| Ashland, Inc. | | | | 3,276 | | | | 152,072 | |
| Cabot Corp. | | | | 2,693 | | | | 64,928 | |
| Calgon Carbon Corp. | * | | | 3,184 | | | | 42,156 | |
| Celanese Corp., Class A | | | | 2,979 | | | | 74,207 | |
| CF Industries Holdings, Inc. | | | | 2,571 | | | | 163,130 | |
| Cytec Industries, Inc. | | | | 1,644 | | | | 65,744 | |
| Dow Chemical Co. (The) | | | | 42,556 | | | | 1,009,428 | |
| E.I. Du Pont de Nemours & Co. | | | | 35,437 | | | | 1,225,766 | |
| Eastman Chemical Co. | | | | 3,211 | | | | 171,339 | |
| Ecolab, Inc. | | | | 6,657 | | | | 298,966 | |
| Ferro Corp. | * | | | 1,818 | | | | 13,399 | |
| FMC Corp. | † | | | 3,336 | | | | 191,586 | |
| Georgia Gulf Corp. | *† | | | 50 | | | | 667 | |
| H.B. Fuller Co. | | | | 2,570 | | | | 48,804 | |
| Huntsman Corp. | | | | 2,600 | | | | 22,542 | |
| International Flavors & Fragrances, Inc. | | | | 3,885 | | | | 164,802 | |
| Intrepid Potash, Inc. | *† | | | 1,172 | | | | 22,936 | |
| Koppers Holdings, Inc. | † | | | 1,582 | | | | 35,563 | |
| Kronos Worldwide, Inc. | *† | | | 1,131 | | | | 22,055 | |
| Landec Corp. | * | | | 986 | | | | 5,808 | |
| LSB Industries, Inc. | * | | | 1,411 | | | | 18,780 | |
| Lubrizol Corp. | | | | 1,819 | | | | 146,084 | |
| Minerals Technologies, Inc. | | | | 868 | | | | 41,265 | |
| Monsanto Co. | | | | 21,746 | | | | 1,005,100 | |
| Mosaic Co. (The) | | | | 5,740 | | | | 223,745 | |
| Nalco Holding Co. | | | | 3,074 | | | | 62,894 | |
| NewMarket Corp. | | | | 378 | | | | 33,007 | |
| NL Industries, Inc. | † | | | 2,111 | | | | 12,877 | |
| Olin Corp. | | | | 2,796 | | | | 50,580 | |
| OM Group, Inc. | * | | | 1,147 | | | | 27,367 | |
| Omnova Solutions, Inc. | * | | | 6,478 | | | | 50,593 | |
| Penford Corp. | * | | | 785 | | | | 5,087 | |
| PolyOne Corp. | * | | | 2,862 | | | | 24,098 | |
| PPG Industries, Inc. | | | | 5,657 | | | | 341,739 | |
| Praxair, Inc. | | | | 12,623 | | | | 959,222 | |
| Quaker Chemical Corp. | | | | 483 | | | | 13,084 | |
| RPM International, Inc. | | | | 4,832 | | | | 86,203 | |
| Scotts Miracle-Gro Co. (The), Class A | | | | 1,662 | | | | 73,809 | |
| Sensient Technologies Corp. | † | | | 2,027 | | | | 52,560 | |
| Sherwin-Williams Co. (The) | | | | 3,587 | | | | 248,185 | |
| Sigma-Aldrich Corp. | | | | 4,956 | | | | 246,957 | |
| Spartech Corp. | * | | | 1,451 | | | | 14,873 | |
| Stepan Co. | † | | | 556 | | | | 38,047 | |
| Valhi, Inc. | | | | 511 | | | | 6,306 | |
| Valspar Corp. | | | | 3,724 | | | | 112,167 | |
| W.R. Grace & Co. | * | | | 4,200 | | | | 88,368 | |
| Zep, Inc. | | | | 936 | | | | 16,324 | |
| | | | | | | | | | | | | | 8,638,518 | |
| |
Commercial Banks—3.2% |
| 1st Source Corp. | † | | | 1,180 | | | | 19,966 | |
| Alliance Bankshares Corp. | * | | | 744 | | | | 2,001 | |
| Associated Banc-Corp | | | | 5,110 | | | | 62,649 | |
| BancFirst Corp. | | | | 642 | | | | 23,427 | |
| BancorpSouth, Inc. | † | | | 3,611 | | | | 64,565 | |
| BancTrust Financial Group, Inc. | *† | | | 1,600 | | | | 5,920 | |
| Bank of Hawaii Corp. | † | | | 1,898 | | | | 91,768 | |
| BB&T Corp. | | | | 25,584 | | | | 673,115 | |
| BOK Financial Corp. | † | | | 1,765 | | | | 83,785 | |
| Boston Private Financial Holdings, Inc. | | | | 1,297 | | | | 8,340 | |
| Bryn Mawr Bank Corp. | | | | 1,058 | | | | 17,753 | |
| Capital Bank Corp. | | | | 1,282 | | | | 4,167 | |
| Capital City Bank Group, Inc. | † | | | 1,113 | | | | 13,779 | |
| CapitalSource, Inc. | | | | 4,975 | | | | 23,681 | |
| Cardinal Financial Corp. | | | | 1,142 | | | | 10,552 | |
| Cascade Bancorp | *† | | | 2,191 | | | | 1,052 | |
| Cascade Financial Corp. | * | | | 1,063 | | | | 505 | |
| Cathay General Bancorp | | | | 2,082 | | | | 21,507 | |
| Catskill Litigation Trust | *‡d | | | 582 | | | | — | |
| Central Pacific Financial Corp. | *† | | | 929 | | | | 1,393 | |
| Chemical Financial Corp. | † | | | 1,552 | | | | 33,803 | |
| CIT Group, Inc. | * | | | 6,132 | | | | 207,630 | |
| Citizens Republic Bancorp, Inc. | * | | | 4,000 | | | | 3,400 | |
| City Holding Co. | † | | | 250 | | | | 6,970 | |
| City National Corp./California | † | | | 1,548 | | | | 79,304 | |
| CoBiz Financial, Inc. | | | | 1,063 | | | | 7,005 | |
| Comerica, Inc. | | | | 5,587 | | | | 205,769 | |
| Commerce Bancshares, Inc./Missouri | | | | 2,471 | | | | 88,931 | |
| Community Bank System, Inc. | † | | | 1,402 | | | | 30,886 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Community Trust Bancorp, Inc. | † | | | 665 | | | $ | 16,692 | |
| Cullen/Frost Bankers, Inc. | | | | 2,502 | | | | 128,603 | |
| CVB Financial Corp. | † | | | 4,084 | | | | 38,798 | |
| East West Bancorp, Inc. | | | | 2,200 | | | | 33,550 | |
| Eastern Virginia Bankshares, Inc. | | | | 700 | | | | 4,557 | |
| Fidelity Southern Corp. | * | | | 1,427 | | | | 9,361 | |
| Fifth Third Bancorp | | | | 38,298 | | | | 470,682 | |
| Financial Institutions, Inc. | | | | 749 | | | | 13,302 | |
| First BanCorp. (Puerto Rico) | *† | | | 3,246 | | | | 1,720 | |
| First Bancorp/North Carolina | | | | 643 | | | | 9,317 | |
| First Busey Corp. | † | | | 2,407 | | | | 10,904 | |
| First Citizens BancShares, Inc./North Carolina, Class A | | | | 254 | | | | 48,852 | |
| First Commonwealth Financial Corp. | | | | 2,619 | | | | 13,750 | |
| First Financial Bancorp | | | | 1,895 | | | | 28,330 | |
| First Financial Bankshares, Inc. | † | | | 333 | | | | 16,014 | |
| First Horizon National Corp. | * | | | 8,441 | | | | 96,655 | |
| First Merchants Corp. | | | | 874 | | | | 7,412 | |
| First Midwest Bancorp, Inc./Illinois | | | | 2,002 | | | | 24,344 | |
| First of Long Island Corp. (The) | † | | | 986 | | | | 25,350 | |
| FirstMerit Corp. | † | | | 3,950 | | | | 67,663 | |
| FNB Corp./Pennsylvania | | | | 3,344 | | | | 26,852 | |
| Fulton Financial Corp. | | | | 6,533 | | | | 63,043 | |
| Glacier Bancorp, Inc. | | | | 1,771 | | | | 25,981 | |
| Guaranty Bancorp | * | | | 5,300 | | | | 5,618 | |
| Hancock Holding Co. | † | | | 1,041 | | | | 34,728 | |
| Hanmi Financial Corp. | *† | | | 3,600 | | | | 4,536 | |
| Heritage Financial Corp./Washington | * | | | 332 | | | | 4,970 | |
| Home Bancshares, Inc./Arkansas | † | | | 1,170 | | | | 26,688 | |
| Huntington Bancshares, Inc./Ohio | | | | 13,268 | | | | 73,505 | |
| IBERIABANK Corp. | | | | 966 | | | | 49,730 | |
| Independent Bank Corp./Massachusetts | † | | | 874 | | | | 21,570 | |
| Independent Bank Corp./Michigan | † | | | 2,079 | | | | 788 | |
| Integra Bank Corp. | *† | | | 848 | | | | 644 | |
| International Bancshares Corp. | † | | | 3,248 | | | | 54,209 | |
| KeyCorp | † | | | 27,431 | | | | 210,944 | |
| M&T Bank Corp. | † | | | 3,305 | | | | 280,760 | |
| Marshall & Ilsley Corp. | | | | 33,678 | | | | 241,808 | |
| MB Financial, Inc. | † | | | 931 | | | | 17,121 | |
| Merchants Bancshares, Inc. | † | | | 571 | | | | 12,688 | |
| Midsouth Bancorp, Inc. | † | | | 522 | | | | 6,666 | |
| MidWestOne Financial Group, Inc. | † | | | 552 | | | | 8,545 | |
| National Penn Bancshares, Inc. | † | | | 2,758 | | | | 16,576 | |
| NBT Bancorp, Inc. | | | | 1,000 | | | | 20,420 | |
| Northern States Financial Corp. | * | | | 772 | | | | 1,806 | |
| Old National Bancorp/Indiana | † | | | 3,552 | | | | 36,799 | |
| Pacific Capital Bancorp | *† | | | 1,724 | | | | 1,241 | |
| Pacific Premier Bancorp, Inc. | * | | | 976 | | | | 4,089 | |
| PacWest Bancorp | | | | 894 | | | | 16,369 | |
| Park National Corp. | † | | | 728 | | | | 47,349 | |
| Peoples Bancorp, Inc./Ohio | | | | 814 | | | | 11,803 | |
| Peoples Financial Corp./Mississippi | | | | 883 | | | | 9,360 | |
| Pinnacle Financial Partners, Inc. | *† | | | 1,818 | | | | 23,361 | |
| PNC Financial Services Group, Inc. | | | | 20,071 | | | | 1,134,012 | |
| Popular, Inc. (Puerto Rico) | * | | | 10,296 | | | | 27,593 | |
| PrivateBancorp, Inc. | | | | 1,200 | | | | 13,296 | |
| Prosperity Bancshares, Inc. | † | | | 2,300 | | | | 79,925 | |
| Regions Financial Corp. | | | | 41,501 | | | | 273,077 | |
| Republic Bancorp, Inc./Kentucky, Class A | | | | 1,603 | | | | 35,907 | |
| Royal Bancshares of Pennsylvania, Inc., Class A | * | | | 882 | | | | 2,646 | |
| S&T Bancorp, Inc. | † | | | 955 | | | | 18,871 | |
| Sandy Spring Bancorp, Inc. | † | | | 344 | | | | 4,819 | |
| Santander BanCorp (Puerto Rico) | *† | | | 1,280 | | | | 16,179 | |
| Shore Bancshares, Inc. | | | | 826 | | | | 9,838 | |
| Signature Bank/New York | * | | | 1,900 | | | | 72,219 | |
| Simmons First National Corp., Class A | | | | 911 | | | | 23,923 | |
| South Financial Group, Inc. (The) | | | | 2,799 | | | | 763 | |
| Sterling Bancorp/New York | † | | | 1,476 | | | | 13,284 | |
| Sterling Bancshares, Inc./Texas | | | | 2,422 | | | | 11,408 | |
| Sterling Financial Corp./Washington | *† | | | 2,577 | | | | 1,417 | |
| Suffolk Bancorp | † | | | 1,100 | | | | 34,034 | |
| SunTrust Banks, Inc. | | | | 19,144 | | | | 446,055 | |
| Superior Bancorp | *† | | | 223 | | | | 430 | |
| Susquehanna Bancshares, Inc. | † | | | 2,932 | | | | 24,424 | |
| SVB Financial Group | * | | | 1,437 | | | | 59,248 | |
| Synovus Financial Corp. | | | | 10,920 | | | | 27,737 | |
| TCF Financial Corp. | † | | | 6,104 | | | | 101,387 | |
| Texas Capital Bancshares, Inc. | *† | | | 2,821 | | | | 46,264 | |
| Tompkins Financial Corp. | † | | | 730 | | | | 27,557 | |
| TowneBank/Virginia | † | | | 1,406 | | | | 20,415 | |
| Trustmark Corp. | | | | 2,435 | | | | 50,697 | |
| U.S. Bancorp | | | | 76,378 | | | | 1,707,048 | |
| UMB Financial Corp. | † | | | 1,211 | | | | 43,063 | |
| Umpqua Holdings Corp. | | | | 1,151 | | | | 13,213 | |
| United Bankshares, Inc. | † | | | 2,134 | | | | 51,088 | |
| United Community Banks, Inc./Georgia | * | | | 2,272 | | | | 8,974 | |
| Valley National Bancorp | † | | | 6,259 | | | | 85,248 | |
| Washington Trust Bancorp, Inc. | | | | 500 | | | | 8,520 | |
| Webster Financial Corp. | | | | 2,393 | | | | 42,930 | |
| Wells Fargo & Co. | | | | 189,172 | | | | 4,842,803 | |
| WesBanco, Inc. | † | | | 1,699 | | | | 28,628 | |
| Westamerica Bancorporation | † | | | 1,628 | | | | 85,503 | |
| Western Alliance Bancorp | * | | | 1,400 | | | | 10,038 | |
| Whitney Holding Corp./Louisiana | † | | | 2,371 | | | | 21,932 | |
| Wilmington Trust Corp. | | | | 3,204 | | | | 35,532 | |
| Wintrust Financial Corp. | | | | 1,017 | | | | 33,907 | |
| Zions Bancorporation | † | | | 5,053 | | | | 108,993 | |
| | | | | | | | | | | | | | 13,924,891 | |
| |
Commercial Services & Supplies—0.7% |
| ABM Industries, Inc. | | | | 2,291 | | | | 47,997 | |
| ACCO Brands Corp. | *† | | | 1,319 | | | | 6,582 | |
| APAC Customer Services, Inc. | * | | | 1,972 | | | | 11,240 | |
| ATC Technology Corp. | * | | | 603 | | | | 9,720 | |
| Avery Dennison Corp. | | | | 3,924 | | | | 126,078 | |
| Bowne & Co., Inc. | | | | 1,632 | | | | 18,311 | |
| Brink’s Co. (The) | | | | 2,084 | | | | 39,659 | |
| Cenveo, Inc. | * | | | 4,741 | | | | 25,981 | |
| Cintas Corp. | | | | 5,365 | | | | 128,599 | |
| Clean Harbors, Inc. | * | | | 1,207 | | | | 80,157 | |
| Consolidated Graphics, Inc. | * | | | 776 | | | | 33,554 | |
| Copart, Inc. | * | | | 3,582 | | | | 128,271 | |
See accompanying notes to financial statements.
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| Corrections Corp. of America | *† | | | 5,700 | | | $ | 108,756 | |
| Courier Corp. | | | �� | 424 | | | | 5,177 | |
| Covanta Holding Corp. | * | | | 4,185 | | | | 69,429 | |
| Deluxe Corp. | † | | | 2,098 | | | | 39,338 | |
| EnergySolutions, Inc. | | | | 4,049 | | | | 20,609 | |
| Ennis, Inc. | † | | | 695 | | | | 10,432 | |
| G&K Services, Inc., Class A | † | | | 1,008 | | | | 20,815 | |
| Geo Group, Inc. (The) | * | | | 2,456 | | | | 50,962 | |
| Healthcare Services Group, Inc. | † | | | 3,735 | | | | 70,778 | |
| Herman Miller, Inc. | † | | | 3,155 | | | | 59,535 | |
| HNI Corp. | | | | 2,512 | | | | 69,306 | |
| Interface, Inc., Class A | † | | | 3,357 | | | | 36,054 | |
| Iron Mountain, Inc. | | | | 7,146 | | | | 160,499 | |
| Kimball International, Inc., Class B | | | | 1,500 | | | | 8,295 | |
| Knoll, Inc. | † | | | 2,701 | | | | 35,896 | |
| M&F Worldwide Corp. | * | | | 780 | | | | 21,138 | |
| McGrath Rentcorp | | | | 916 | | | | 20,867 | |
| Mine Safety Appliances Co. | † | | | 1,444 | | | | 35,782 | |
| Mobile Mini, Inc. | *† | | | 2,000 | | | | 32,560 | |
| Perma-Fix Environmental Services, Inc. | * | | | 5,502 | | | | 8,858 | |
| Pitney Bowes, Inc. | † | | | 1,828 | | | | 40,143 | |
| R.R. Donnelley & Sons Co. | | | | 8,887 | | | | 145,480 | |
| Republic Services, Inc. | | | | 13,363 | | | | 397,282 | |
| Rollins, Inc. | | | | 991 | | | | 20,504 | |
| Standard Register Co. (The) | † | | | 1,650 | | | | 5,181 | |
| Steelcase, Inc., Class A | † | | | 1,992 | | | | 15,438 | |
| Stericycle, Inc. | *† | | | 3,138 | | | | 205,790 | |
| Sykes Enterprises, Inc. | * | | | 1,423 | | | | 20,249 | |
| Tetra Tech, Inc. | * | | | 2,114 | | | | 41,456 | |
| TRC Cos., Inc. | * | | | 327 | | | | 1,011 | |
| United Stationers, Inc. | * | | | 1,278 | | | | 69,613 | |
| Viad Corp. | | | | 937 | | | | 16,538 | |
| Virco Mfg. Corp. | | | | 799 | | | | 2,397 | |
| Waste Connections, Inc. | * | | | 2,362 | | | | 82,410 | |
| Waste Management, Inc. | | | | 14,925 | | | | 467,003 | |
| | | | | | | | | | | | | | 3,071,730 | |
| |
Communications Equipment—2.3% |
| ADC Telecommunications, Inc. | *† | | | 4,773 | | | | 35,368 | |
| ADTRAN, Inc. | † | | | 3,197 | | | | 87,182 | |
| Alliance Fiber Optic Products, Inc. | | | | 4,817 | | | | 6,744 | |
| AltiGen Communications, Inc. | * | | | 4,109 | | | | 2,917 | |
| Anaren, Inc. | * | | | 813 | | | | 12,146 | |
| Arris Group, Inc. | * | | | 3,613 | | | | 36,816 | |
| Aviat Networks, Inc. | * | | | 2,182 | | | | 7,921 | |
| Black Box Corp. | | | | 865 | | | | 24,125 | |
| Blonder Tongue Laboratories, Inc. | * | | | 2,285 | | | | 2,971 | |
| Blue Coat Systems, Inc. | * | | | 1,072 | | | | 21,901 | |
| Brocade Communications Systems, Inc. | * | | | 14,008 | | | | 72,281 | |
| Ciena Corp. | *† | | | 5,950 | | | | 75,446 | |
| Cisco Systems, Inc. | * | | | 228,656 | | | | 4,872,659 | |
| CommScope, Inc. | * | | | 2,812 | | | | 66,841 | |
| Comtech Telecommunications Corp. | * | | | 1,350 | | | | 40,406 | |
| Digi International, Inc. | * | | | 1,976 | | | | 16,342 | |
| Ditech Networks, Inc. | * | | | 1,360 | | | | 1,727 | |
| EchoStar Corp., Class A | * | | | 1,877 | | | | 35,813 | |
| Emcore Corp. | *† | | | 1,219 | | | | 1,085 | |
| EMS Technologies, Inc. | * | | | 960 | | | | 14,419 | |
| Emulex Corp. | * | | | 3,408 | | | | 31,285 | |
| EndWave Corp. | * | | | 911 | | | | 3,006 | |
| Extreme Networks, Inc. | * | | | 4,491 | | | | 12,126 | |
| F5 Networks, Inc. | * | | | 2,664 | | | | 182,671 | |
| Finisar Corp. | *† | | | 856 | | | | 12,754 | |
| Harmonic, Inc. | * | | | 2,820 | | | | 15,341 | |
| Harris Corp. | | | | 6,090 | | | | 253,649 | |
| Identive Group, Inc. | * | | | 1,494 | | | | 2,390 | |
| Infinera Corp. | * | | | 4,191 | | | | 26,948 | |
| InterDigital, Inc. | *† | | | 2,803 | | | | 69,206 | |
| Ixia | * | | | 2,330 | | | | 20,015 | |
| JDS Uniphase Corp. | * | | | 7,444 | | | | 73,249 | |
| Juniper Networks, Inc. | * | | | 17,553 | | | | 400,559 | |
| KVH Industries, Inc. | * | | | 375 | | | | 4,658 | |
| Motorola, Inc. | * | | | 84,429 | | | | 550,477 | |
| NETGEAR, Inc. | *† | | | 1,206 | | | | 21,515 | |
| Network Engines, Inc. | * | | | 1,329 | | | | 3,602 | |
| Numerex Corp., Class A | * | | | 1,800 | | | | 7,812 | |
| Oclaro, Inc. | *† | | | 363 | | | | 4,026 | |
| Oplink Communications, Inc. | * | | | 758 | | | | 10,862 | |
| Optelecom-NKF, Inc. | * | | | 819 | | | | 1,188 | |
| Optical Cable Corp. | * | | | 240 | | | | 701 | |
| Palm, Inc. | * | | | 4,574 | | | | 26,026 | |
| Parkervision, Inc. | *† | | | 1,052 | | | | 1,336 | |
| Performance Technologies, Inc. | * | | | 793 | | | | 1,967 | |
| Plantronics, Inc. | † | | | 1,826 | | | | 52,224 | |
| Polycom, Inc. | * | | | 4,177 | | | | 124,433 | |
| Powerwave Technologies, Inc. | *† | | | 2,434 | | | | 3,748 | |
| QUALCOMM, Inc. | | | | 65,438 | | | | 2,148,984 | |
| Riverbed Technology, Inc. | * | | | 1,849 | | | | 51,069 | |
| SeaChange International, Inc. | * | | | 958 | | | | 7,884 | |
| Sonus Networks, Inc. | * | | | 10,700 | | | | 28,997 | |
| Sycamore Networks, Inc. | | | | 991 | | | | 16,470 | |
| Tekelec | *† | | | 2,569 | | | | 34,014 | |
| Tellabs, Inc. | | | | 19,143 | | | | 122,324 | |
| Tollgrade Communications, Inc. | * | | | 601 | | | | 3,786 | |
| UTStarcom, Inc. | *† | | | 4,555 | | | | 8,381 | |
| Verso Technologies, Inc. | *‡d | | | 1 | | | | — | |
| Viasat, Inc. | * | | | 1,190 | | | | 38,746 | |
| Westell Technologies, Inc., Class A | * | | | 1,821 | | | | 2,841 | |
| Zoom Technologies, Inc. | *† | | | 542 | | | | 2,775 | |
| | | | | | | | | | | | | | 9,819,155 | |
| |
Computers & Peripherals—4.0% |
| ADPT Corp. | * | | | 3,850 | | | | 11,127 | |
| Apple, Inc. | * | | | 35,929 | | | | 9,037,221 | |
| Avid Technology, Inc. | * | | | 1,448 | | | | 18,433 | |
| Concurrent Computer Corp. | * | | | 190 | | | | 878 | |
| Cray, Inc. | * | | | 714 | | | | 3,984 | |
| Dataram Corp. | *† | | | 1,175 | | | | 1,751 | |
| Dell, Inc. | * | | | 63,324 | | | | 763,687 | |
| Diebold, Inc. | | | | 3,079 | | | | 83,903 | |
| Dot Hill Systems Corp. | * | | | 1,396 | | | | 1,661 | |
| Electronics for Imaging, Inc. | * | | | 2,638 | | | | 25,721 | |
| EMC Corp. | * | | | 78,184 | | | | 1,430,767 | |
| Hewlett-Packard Co. | | | | 90,038 | | | | 3,896,845 | |
| Hutchinson Technology, Inc. | * | | | 1,149 | | | | 4,975 | |
| Hypercom Corp. | *† | | | 1,992 | | | | 9,243 | |
| iGO, Inc. | * | | | 674 | | | | 1,011 | |
| Imation Corp. | *† | | | 1,564 | | | | 14,373 | |
| Intermec, Inc. | *† | | | 2,374 | | | | 24,333 | |
| Lexmark International, Inc., Class A | *† | | | 1,492 | | | | 49,281 | |
| NCR Corp. | * | | | 7,848 | | | | 95,118 | |
| NetApp, Inc. | * | | | 14,316 | | | | 534,130 | |
| Novatel Wireless, Inc. | *† | | | 1,358 | | | | 7,795 | |
See accompanying notes to financial statements.
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| Overland Storage, Inc. | * | | | 160 | | | $ | 323 | |
| Presstek, Inc. | * | | | 945 | | | | 3,336 | |
| QLogic Corp. | *† | | | 3,731 | | | | 62,009 | |
| Quantum Corp. | * | | | 6,681 | | | | 12,560 | |
| SanDisk Corp. | * | | | 8,969 | | | | 377,326 | |
| Seagate Technology (Cayman Islands) | * | | | 20,081 | | | | 261,856 | |
| Silicon Graphics International Corp. | * | | | 1,843 | | | | 13,048 | |
| STEC, Inc. | *† | | | 1,255 | | | | 15,763 | |
| Stratasys, Inc. | *† | | | 1,782 | | | | 43,766 | |
| Synaptics, Inc. | *† | | | 1,586 | | | | 43,615 | |
| Teradata Corp. | * | | | 7,848 | | | | 239,207 | |
| TransAct Technologies, Inc. | * | | | 888 | | | | 6,482 | |
| Western Digital Corp. | * | | | 5,892 | | | | 177,703 | |
| | | | | | | | | | | | | | 17,273,231 | |
| |
Construction & Engineering—0.3% |
| Aecom Technology Corp. | * | | | 3,236 | | | | 74,622 | |
| Comfort Systems USA, Inc. | † | | | 2,179 | | | | 21,049 | |
| Dycom Industries, Inc. | * | | | 2,076 | | | | 17,750 | |
| EMCOR Group, Inc. | * | | | 2,908 | | | | 67,378 | |
| Fluor Corp. | | | | 4,946 | | | | 210,205 | |
| Furmanite Corp. | * | | | 1,100 | | | | 4,367 | |
| Granite Construction, Inc. | | | | 1,889 | | | | 44,543 | |
| Insituform Technologies, Inc., Class A | *† | | | 1,223 | | | | 25,047 | |
| Jacobs Engineering Group, Inc. | * | | | 4,968 | | | | 181,034 | |
| KBR, Inc. | | | | 6,464 | | | | 131,478 | |
| Layne Christensen Co. | * | | | 510 | | | | 12,378 | |
| MasTec, Inc. | * | | | 2,049 | | | | 19,260 | |
| Quanta Services, Inc. | * | | | 8,861 | | | | 182,980 | |
| Shaw Group, Inc. (The) | * | | | 2,182 | | | | 74,668 | |
| Tutor Perini Corp. | * | | | 960 | | | | 15,821 | |
| URS Corp. | * | | | 2,934 | | | | 115,453 | |
| | | | | | | | | | | | | | 1,198,033 | |
| |
Construction Materials—0.1% |
| Eagle Materials, Inc. | | | | 2,083 | | | | 54,012 | |
| Headwaters, Inc. | * | | | 2,095 | | | | 5,950 | |
| Martin Marietta Materials, Inc. | † | | | 1,737 | | | | 147,315 | |
| Texas Industries, Inc. | | | | 1,116 | | | | 32,967 | |
| Vulcan Materials Co. | | | | 3,605 | | | | 158,007 | |
| | | | | | | | | | | | | | 398,251 | |
| |
Consumer Finance—0.7% |
| Advance America Cash Advance Centers, Inc. | | | | 21,480 | | | | 88,712 | |
| American Express Co. | | | | 39,008 | | | | 1,548,618 | |
| AmeriCredit Corp. | * | | | 6,437 | | | | 117,282 | |
| Capital One Financial Corp. | | | | 16,201 | | | | 652,900 | |
| Cash America International, Inc. | | | | 685 | | | | 23,475 | |
| CompuCredit Holdings Corp. | | | | 59 | | | | 234 | |
| Discover Financial Services | | | | 18,027 | | | | 252,018 | |
| Ezcorp, Inc., Class A | * | | | 2,031 | | | | 37,675 | |
| First Marblehead Corp. (The) | * | | | 2,764 | | | | 6,495 | |
| Nelnet, Inc., Class A | † | | | 481 | | | | 9,274 | |
| Rewards Network, Inc. | | | | 375 | | | | 5,126 | |
| SLM Corp. | * | | | 20,100 | | | | 208,839 | |
| Student Loan Corp. (The) | | | | 207 | | | | 4,985 | |
| World Acceptance Corp. | *† | | | 639 | | | | 24,480 | |
| | | | | | | | | | | | | | 2,980,113 | |
| |
Containers & Packaging—0.3% |
| AEP Industries, Inc. | * | | | 372 | | | | 8,883 | |
| AptarGroup, Inc. | | | | 3,130 | | | | 118,377 | |
| Ball Corp. | | | | 4,676 | | | | 247,033 | |
| Bemis Co., Inc. | | | | 1,316 | | | | 35,532 | |
| Crown Holdings, Inc. | * | | | 3,283 | | | | 82,206 | |
| Greif, Inc., Class A | | | | 852 | | | | 47,320 | |
| Myers Industries, Inc. | † | | | 1,716 | | | | 13,882 | |
| Owens-Illinois, Inc. | * | | | 6,064 | | | | 160,393 | |
| Packaging Corp. of America | | | | 4,339 | | | | 95,545 | |
| Pactiv Corp. | * | | | 2,710 | | | | 75,474 | |
| Rock-Tenn Co., Class A | | | | 1,450 | | | | 72,022 | |
| Sealed Air Corp. | | | | 2,704 | | | | 53,323 | |
| Silgan Holdings, Inc. | | | | 908 | | | | 25,769 | |
| Sonoco Products Co. | | | | 3,353 | | | | 102,199 | |
| Temple-Inland, Inc. | | | | 4,506 | | | | 93,139 | |
| | | | | | | | | | | | | | 1,231,097 | |
| |
Distributors—0.1% |
| Audiovox Corp., Class A | * | | | 1,218 | | | | 8,952 | |
| Genuine Parts Co. | | | | 3,417 | | | | 134,801 | |
| LKQ Corp. | * | | | 7,000 | | | | 134,960 | |
| | | | | | | | | | | | | | 278,713 | |
| |
Diversified Consumer Services—0.3% |
| American Public Education, Inc. | * | | | 698 | | | | 30,503 | |
| Apollo Group, Inc., Class A | * | | | 3,508 | | | | 148,985 | |
| Career Education Corp. | *† | | | 4,167 | | | | 95,924 | |
| Coinstar, Inc. | *† | | | 1,075 | | | | 46,193 | |
| Corinthian Colleges, Inc. | *† | | | 3,624 | | | | 35,696 | |
| DeVry, Inc. | | | | 2,980 | | | | 156,420 | |
| H&R Block, Inc. | | | | 11,402 | | | | 178,897 | |
| Hillenbrand, Inc. | | | | 1,576 | | | | 33,711 | |
| ITT Educational Services, Inc. | *† | | | 1,873 | | | | 155,497 | |
| Jackson Hewitt Tax Service, Inc. | *† | | | 1,779 | | | | 2,010 | |
| Learning Tree International, Inc. | *† | | | 766 | | | | 8,311 | |
| Matthews International Corp., Class A | | | | 1,052 | | | | 30,803 | |
| Pre-Paid Legal Services, Inc. | *† | | | 779 | | | | 35,437 | |
| Princeton Review, Inc. | *† | | | 818 | | | | 1,898 | |
| Regis Corp. | | | | 1,818 | | | | 28,306 | |
| Service Corp. International | † | | | 11,775 | | | | 87,135 | |
| Sotheby’s | † | | | 2,623 | | | | 59,988 | |
| Steiner Leisure Ltd. (Bahamas) | *† | | | 1,503 | | | | 57,775 | |
| Stewart Enterprises, Inc., Class A | † | | | 4,115 | | | | 22,262 | |
| Strayer Education, Inc. | † | | | 551 | | | | 114,547 | |
| Universal Technical Institute, Inc. | *† | | | 418 | | | | 9,882 | |
| Weight Watchers International, Inc. | † | | | 1,826 | | | | 46,910 | |
| | | | | | | | | | | | | | 1,387,090 | |
| |
Diversified Financial Services—3.9% |
| Bank of America Corp. | | | | 397,841 | | | | 5,716,975 | |
| Citigroup, Inc. | * | | | 844,099 | | | | 3,173,812 | |
| CME Group, Inc. | | | | 2,698 | | | | 759,622 | |
| Interactive Brokers Group, Inc., Class A | *† | | | 1,570 | | | | 26,062 | |
| IntercontinentalExchange, Inc. | * | | | 2,776 | | | | 313,771 | |
| JPMorgan Chase & Co. | | | | 157,799 | | | | 5,777,021 | |
| Leucadia National Corp. | * | | | 6,084 | | | | 118,699 | |
| Medallion Financial Corp. | | | | 958 | | | | 6,323 | |
| Moody’s Corp. | | | | 6,057 | | | | 120,655 | |
See accompanying notes to financial statements.
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| MSCI, Inc., Class A | * | | | 3,439 | | | $ | 94,229 | |
| NASDAQ OMX Group, Inc. (The) | * | | | 5,431 | | | | 96,563 | |
| NYSE Euronext | | | | 9,567 | | | | 264,336 | |
| PHH Corp. | * | | | 2,212 | | | | 42,117 | |
| Pico Holdings, Inc. | * | | | 1,150 | | | | 34,466 | |
| Portfolio Recovery Associates, Inc. | *† | | | 504 | | | | 33,657 | |
| Resource America, Inc., Class A | | | | 1,287 | | | | 4,955 | |
| | | | | | | | | | | | | | 16,583,263 | |
| |
Diversified Telecommunication Services—2.3% |
| 8x8, Inc. | * | | | 3,048 | | | | 3,810 | |
| Alaska Communications Systems Group, Inc. | † | | | 2,850 | | | | 24,196 | |
| AT&T, Inc. | | | | 233,114 | | | | 5,639,028 | |
| CenturyLink, Inc. | | | | 10,425 | | | | 347,257 | |
| Cincinnati Bell, Inc. | *† | | | 9,266 | | | | 27,891 | |
| Cogent Communications Group, Inc. | * | | | 2,886 | | | | 21,876 | |
| Frontier Communications Corp. | † | | | 12,478 | | | | 88,719 | |
| General Communication, Inc., Class A | * | | | 2,516 | | | | 19,096 | |
| HickoryTech Corp. | † | | | 651 | | | | 4,394 | |
| IDT Corp., Class B | * | | | 1,600 | | | | 20,400 | |
| Integrated Telecom Express, Inc. | *‡d | | | 1,103 | | | | — | |
| Level 3 Communications, Inc. | * | | | 41,949 | | | | 45,724 | |
| PAETEC Holding Corp. | * | | | 5,459 | | | | 18,615 | |
| Premiere Global Services, Inc. | * | | | 2,174 | | | | 13,783 | |
| Qwest Communications International, Inc. | | | | 40,556 | | | | 212,919 | |
| Superior TeleCom, Inc. | *‡d | | | 2,013 | | | | — | |
| SureWest Communications | * | | | 184 | | | | 1,167 | |
| tw telecom inc. | * | | | 1,928 | | | | 32,159 | |
| Verizon Communications, Inc. | | | | 111,965 | | | | 3,137,259 | |
| Windstream Corp. | | | | 18,492 | | | | 195,276 | |
| XETA Technologies, Inc. | * | | | 1,946 | | | | 5,935 | |
| | | | | | | | | | | | | | 9,859,504 | |
| |
Electric Utilities—1.7% |
| Allegheny Energy, Inc. | | | | 5,273 | | | | 109,046 | |
| Allete, Inc. | | | | 1,243 | | | | 42,560 | |
| American Electric Power Co., Inc. | | | | 17,879 | | | | 577,492 | |
| Central Vermont Public Service Corp. | | | | 540 | | | | 10,660 | |
| Cleco Corp. | † | | | 2,109 | | | | 55,699 | |
| DPL, Inc. | | | | 807 | | | | 19,287 | |
| Duke Energy Corp. | | | | 47,382 | | | | 758,112 | |
| Edison International | | | | 12,222 | | | | 387,682 | |
| El Paso Electric Co. | * | | | 1,748 | | | | 33,824 | |
| Empire District Electric Co. (The) | | | | 1,197 | | | | 22,468 | |
| Entergy Corp. | | | | 7,521 | | | | 538,654 | |
| Exelon Corp. | | | | 24,553 | | | | 932,277 | |
| FirstEnergy Corp. | | | | 8,675 | | | | 305,620 | |
| Great Plains Energy, Inc. | | | | 3,450 | | | | 58,719 | |
| Hawaiian Electric Industries, Inc. | † | | | 3,066 | | | | 69,843 | |
| IDACORP, Inc. | | | | 1,515 | | | | 50,404 | |
| ITC Holdings Corp. | | | | 1,539 | | | | 81,429 | |
| MGE Energy, Inc. | | | | 1,559 | | | | 56,186 | |
| NextEra Energy, Inc. | | | | 14,866 | | | | 724,866 | |
| Northeast Utilities | | | | 5,201 | | | | 132,522 | |
| NV Energy, Inc. | | | | 7,959 | | | | 93,996 | |
| Pepco Holdings, Inc. | † | | | 7,066 | | | | 110,795 | |
| Pinnacle West Capital Corp. | | | | 3,789 | | | | 137,768 | |
| PNM Resources, Inc. | | | | 2,169 | | | | 24,249 | |
| Portland General Electric Co. | | | | 1,100 | | | | 20,163 | |
| PPL Corp. | | | | 14,691 | | | | 366,540 | |
| Progress Energy, Inc. | | | | 10,369 | | | | 406,672 | |
| Southern Co. | | | | 33,923 | | | | 1,128,957 | |
| UIL Holdings Corp. | | | | 1,496 | | | | 37,445 | |
| Unisource Energy Corp. | | | | 1,571 | | | | 47,413 | |
| Unitil Corp. | † | | | 420 | | | | 8,782 | |
| Westar Energy, Inc. | | | | 4,032 | | | | 87,132 | |
| | | | | | | | | | | | | | 7,437,262 | |
| |
Electrical Equipment—0.6% |
| Active Power, Inc. | * | | | 1,093 | | | | 853 | |
| Acuity Brands, Inc. | † | | | 1,873 | | | | 68,140 | |
| American Superconductor Corp. | *† | | | 1,147 | | | | 30,613 | |
| AMETEK, Inc. | | | | 4,234 | | | | 169,995 | |
| AZZ, Inc. | † | | | 1,582 | | | | 58,170 | |
| Baldor Electric Co. | | | | 2,620 | | | | 94,530 | |
| Belden, Inc. | † | | | 1,894 | | | | 41,668 | |
| Brady Corp., Class A | | | | 2,402 | | | | 59,858 | |
| C&D Technologies, Inc. | * | | | 1,159 | | | | 1,021 | |
| Capstone Turbine Corp. | *† | | | 2,450 | | | | 2,401 | |
| Emerson Electric Co. | | | | 25,496 | | | | 1,113,920 | |
| Encore Wire Corp. | † | | | 1,400 | | | | 25,466 | |
| Franklin Electric Co., Inc. | | | | 902 | | | | 25,996 | |
| FuelCell Energy, Inc. | *† | | | 1,938 | | | | 2,287 | |
| General Cable Corp. | * | | | 3,772 | | | | 100,524 | |
| GrafTech International Ltd. | * | | | 3,487 | | | | 50,980 | |
| Hubbell, Inc., Class B | | | | 2,078 | | | | 82,476 | |
| II-VI, Inc. | * | | | 682 | | | | 20,208 | |
| LSI Industries, Inc. | † | | | 1,083 | | | | 5,285 | |
| Magnetek, Inc. | * | | | 1,406 | | | | 1,293 | |
| Orbit International Corp. | * | | | 2,812 | | | | 9,589 | |
| Plug Power, Inc. | * | | | 2,704 | | | | 1,244 | |
| Powell Industries, Inc. | *† | | | 1,045 | | | | 28,570 | |
| Regal-Beloit Corp. | | | | 1,272 | | | | 70,952 | |
| Rockwell Automation, Inc. | | | | 4,331 | | | | 212,609 | |
| Roper Industries, Inc. | | | | 2,980 | | | | 166,761 | |
| Servotronics, Inc. | | | | 705 | | | | 6,345 | |
| Thomas & Betts Corp. | * | | | 2,428 | | | | 84,251 | |
| Ultralife Corp. | * | | | 416 | | | | 1,789 | |
| Universal Security Instruments, Inc. | *† | | | 1,866 | | | | 11,103 | |
| Valence Technology, Inc. | *† | | | 6,972 | | | | 5,020 | |
| Vicor Corp. | * | | | 1,380 | | | | 17,236 | |
| Woodward Governor Co. | † | | | 2,448 | | | | 62,497 | |
| | | | | | | | | | | | | | 2,633,650 | |
| |
Electronic Equipment, Instruments & Components—0.8% |
| Agilent Technologies, Inc. | *† | | | 10,372 | | | | 294,876 | |
| Agilysys, Inc. | | | | 1,335 | | | | 8,931 | |
| Amphenol Corp., Class A | | | | 7,376 | | | | 289,729 | |
| Anixter International, Inc. | * | | | 1,723 | | | | 73,400 | |
| Arrow Electronics, Inc. | * | | | 4,585 | | | | 102,475 | |
| Avnet, Inc. | * | | | 5,129 | | | | 123,660 | |
| AVX Corp. | | | | 2,270 | | | | 29,101 | |
| Benchmark Electronics, Inc. | * | | | 2,520 | | | | 39,942 | |
| Brightpoint, Inc. | * | | | 2,358 | | | | 16,506 | |
| CalAmp Corp. | *† | | | 550 | | | | 1,172 | |
| Checkpoint Systems, Inc. | *† | | | 1,441 | | | | 25,016 | |
| Cognex Corp. | | | | 2,023 | | | | 35,564 | |
| Coherent, Inc. | * | | | 1,348 | | | | 46,236 | |
| Corning, Inc. | | | | 52,776 | | | | 852,332 | |
| CTS Corp. | | | | 1,580 | | | | 14,599 | |
See accompanying notes to financial statements.
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| Daktronics, Inc. | † | | | 927 | | | $ | 6,953 | |
| Dolby Laboratories, Inc., Class A | *† | | | 1,370 | | | | 85,885 | |
| DTS, Inc. | * | | | 755 | | | | 24,817 | |
| Echelon Corp. | *† | | | 1,769 | | | | 12,967 | |
| Electro Rent Corp. | | | | 950 | | | | 12,151 | |
| Electro Scientific Industries, Inc. | * | | | 1,421 | | | | 18,985 | |
| Electro-Sensors, Inc. | | | | 2,581 | | | | 10,169 | |
| FARO Technologies, Inc. | * | | | 453 | | | | 8,476 | |
| FLIR Systems, Inc. | * | | | 5,608 | | | | 163,137 | |
| Frequency Electronics, Inc. | * | | | 821 | | | | 3,818 | |
| Gerber Scientific, Inc. | *† | | | 1,608 | | | | 8,603 | |
| ID Systems, Inc. | * | | | 2,016 | | | | 5,342 | |
| Ingram Micro, Inc., Class A | * | | | 1,030 | | | | 15,646 | |
| Insight Enterprises, Inc. | * | | | 2,054 | | | | 27,031 | |
| Iteris, Inc. | * | | | 4,263 | | | | 5,755 | |
| Itron, Inc. | * | | | 955 | | | | 59,038 | |
| Jabil Circuit, Inc. | | | | 8,287 | | | | 110,217 | |
| L-1 Identity Solutions, Inc. | * | | | 1,637 | | | | 13,407 | |
| Lightpath Technologies, Inc., Class A | * | | | 1,526 | | | | 2,426 | |
| Littelfuse, Inc. | *† | | | 909 | | | | 28,734 | |
| LRAD Corp. | *† | | | 3,686 | | | | 4,608 | |
| Maxwell Technologies, Inc. | *† | | | 370 | | | | 4,218 | |
| Mercury Computer Systems, Inc. | * | | | 963 | | | | 11,296 | |
| Mesa Laboratories, Inc. | | | | 1,200 | | | | 28,824 | |
| Methode Electronics, Inc. | | | | 1,383 | | | | 13,470 | |
| Molex, Inc. | † | | | 5,599 | | | | 102,126 | |
| MTS Systems Corp. | | | | 1,342 | | | | 38,918 | |
| National Instruments Corp. | | | | 3,414 | | | | 108,497 | |
| Newport Corp. | *† | | | 1,614 | | | | 14,623 | |
| NU Horizons Electronics Corp. | * | | | 1,207 | | | | 3,693 | |
| OI Corp. | | | | 1,600 | | | | 12,360 | |
| OSI Systems, Inc. | * | | | 867 | | | | 24,077 | |
| Park Electrochemical Corp. | | | | 1,086 | | | | 26,509 | |
| PC Connection, Inc. | * | | | 854 | | | | 5,175 | |
| Planar Systems, Inc. | * | | | 785 | | | | 1,342 | |
| Plexus Corp. | * | | | 1,884 | | | | 50,378 | |
| Power-One, Inc. | *† | | | 3,459 | | | | 23,348 | |
| Radisys Corp. | * | | | 961 | | | | 9,149 | |
| Research Frontiers, Inc. | *† | | | 752 | | | | 3,324 | |
| Rofin-Sinar Technologies, Inc. | *† | | | 2,200 | | | | 45,804 | |
| Rogers Corp. | *† | | | 803 | | | | 22,299 | |
| Sanmina-SCI Corp. | * | | | 3,577 | | | | 48,683 | |
| ScanSource, Inc. | * | | | 1,126 | | | | 28,071 | |
| Sigmatron International, Inc. | * | | | 282 | | | | 1,495 | |
| Spectrum Control, Inc. | * | | | 1,195 | | | | 16,706 | |
| SYNNEX Corp. | *† | | | 104 | | | | 2,664 | |
| Tech Data Corp. | * | | | 2,057 | | | | 73,270 | |
| Technitrol, Inc. | | | | 1,866 | | | | 5,897 | |
| Trans-Lux Corp. | * | | | 866 | | | | 528 | |
| Trimble Navigation Ltd. | *† | | | 4,318 | | | | 120,904 | |
| TTM Technologies, Inc. | * | | | 1,639 | | | | 15,571 | |
| Universal Display Corp. | *† | | | 1,350 | | | | 24,273 | |
| Vishay Intertechnology, Inc. | * | | | 6,172 | | | | 47,771 | |
| X-Rite, Inc. | *† | | | 1,890 | | | | 6,974 | |
| Zygo Corp. | * | | | 967 | | | | 7,842 | |
| | | | | | | | | | | | | | 3,531,783 | |
| |
Energy Equipment & Services—1.7% |
| Atwood Oceanics, Inc. | * | | | 1,298 | | | | 33,125 | |
| Baker Hughes, Inc. | | | | 11,493 | | | | 477,764 | |
| Basic Energy Services, Inc. | * | | | 1,600 | | | | 12,320 | |
| Bristow Group, Inc. | *† | | | 982 | | | | 28,871 | |
| Cal Dive International, Inc. | * | | | 4,816 | | | | 28,174 | |
| Cameron International Corp. | * | | | 9,319 | | | | 303,054 | |
| CARBO Ceramics, Inc. | † | | | 1,137 | | | | 82,080 | |
| Complete Production Services, Inc. | * | | | 1,200 | | | | 17,160 | |
| Dawson Geophysical Co. | * | | | 924 | | | | 19,653 | |
| Diamond Offshore Drilling, Inc. | † | | | 1,577 | | | | 98,074 | |
| Dresser-Rand Group, Inc. | * | | | 2,924 | | | | 92,252 | |
| Dril-Quip, Inc. | * | | | 880 | | | | 38,738 | |
| Exterran Holdings, Inc. | *† | | | 2,465 | | | | 63,622 | |
| FMC Technologies, Inc. | * | | | 5,390 | | | | 283,837 | |
| Global Industries Ltd. | * | | | 2,539 | | | | 11,400 | |
| Gulfmark Offshore, Inc., Class A | * | | | 1,000 | | | | 26,200 | |
| Halliburton Co. | | | | 34,838 | | | | 855,273 | |
| Helix Energy Solutions Group, Inc. | * | | | 3,853 | | | | 41,497 | |
| Helmerich & Payne, Inc. | | | | 3,926 | | | | 143,377 | |
| Hercules Offshore, Inc. | * | | | 5,226 | | | | 12,699 | |
| Hornbeck Offshore Services, Inc. | * | | | 1,800 | | | | 26,280 | |
| ION Geophysical Corp. | * | | | 2,427 | | | | 8,446 | |
| Key Energy Services, Inc. | *† | | | 5,220 | | | | 47,920 | |
| Lufkin Industries, Inc. | | | | 2,000 | | | | 77,980 | |
| Matrix Service Co. | * | | | 468 | | | | 4,357 | |
| Mitcham Industries, Inc. | * | | | 1,100 | | | | 7,425 | |
| Nabors Industries Ltd. (Bermuda) | * | | | 10,988 | | | | 193,609 | |
| National Oilwell Varco, Inc. | | | | 16,517 | | | | 546,217 | |
| Newpark Resources, Inc. | * | | | 3,484 | | | | 21,078 | |
| Oceaneering International, Inc. | * | | | 2,232 | | | | 100,217 | |
| Oil States International, Inc. | * | | | 2,026 | | | | 80,189 | |
| OYO Geospace Corp. | * | | | 550 | | | | 26,664 | |
| Parker Drilling Co. | * | | | 3,755 | | | | 14,832 | |
| Patterson-UTI Energy, Inc. | | | | 6,712 | | | | 86,383 | |
| PHI, Inc. | * | | | 774 | | | | 10,906 | |
| Pioneer Drilling Co. | * | | | 2,700 | | | | 15,309 | |
| Pride International, Inc. | * | | | 5,416 | | | | 120,993 | |
| Rowan Cos., Inc. | * | | | 3,918 | | | | 85,961 | |
| Schlumberger Ltd. | | | | 47,220 | | | | 2,613,155 | |
| SEACOR Holdings, Inc. | * | | | 713 | | | | 50,381 | |
| Smith International, Inc. | | | | 8,871 | | | | 333,993 | |
| Superior Energy Services, Inc. | * | | | 2,900 | | | | 54,143 | |
| T-3 Energy Services, Inc. | *† | | | 972 | | | | 27,119 | |
| Tesco Corp. (Canada) | * | | | 3,185 | | | | 39,112 | |
| Tetra Technologies, Inc. | * | | | 2,352 | | | | 21,356 | |
| Tidewater, Inc. | | | | 78 | | | | 3,020 | |
| Unit Corp. | *† | | | 1,702 | | | | 69,084 | |
| | | | | | | | | | | | | | 7,355,299 | |
| |
Food & Staples Retailing—2.2% |
| Andersons, Inc. (The) | | | | 700 | | | | 22,813 | |
| Arden Group, Inc., Class A | | | | 260 | | | | 22,846 | |
| BJ’s Wholesale Club, Inc. | * | | | 2,859 | | | | 105,812 | |
| Casey’s General Stores, Inc. | | | | 1,608 | | | | 56,119 | |
| Costco Wholesale Corp. | | | | 14,385 | | | | 788,729 | |
| CVS Caremark Corp. | | | | 56,963 | | | | 1,670,155 | |
| Great Atlantic & Pacific Tea Co. | *† | | | 123 | | | | 480 | |
| Kroger Co. (The) | | | | 18,050 | | | | 355,404 | |
| Nash Finch Co. | | | | 674 | | | | 23,024 | |
| Pantry, Inc. (The) | *† | | | 1,200 | | | | 16,932 | |
| Rite Aid Corp. | *† | | | 25,982 | | | | 25,462 | |
| Ruddick Corp. | † | | | 1,967 | | | | 60,957 | |
| Safeway, Inc. | | | | 9,218 | | | | 181,226 | |
| SUPERVALU, Inc. | | | | 8,154 | | | | 88,389 | |
| Sysco Corp. | | | | 22,511 | | | | 643,139 | |
See accompanying notes to financial statements.
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| United Natural Foods, Inc. | * | | | 1,912 | | | $ | 57,131 | |
| Walgreen Co. | | | | 37,871 | | | | 1,011,156 | |
| Wal-Mart Stores, Inc. | | | | 81,172 | | | | 3,901,938 | |
| Weis Markets, Inc. | | | | 382 | | | | 12,572 | |
| Whole Foods Market, Inc. | * | | | 5,036 | | | | 181,397 | |
| Winn-Dixie Stores, Inc. | *† | | | 3,309 | | | | 31,899 | |
| | | | | | | | | | | | | | 9,257,580 | |
| |
Food Products—1.8% |
| American Italian Pasta Co., Class A | * | | | 969 | | | | 51,231 | |
| Archer-Daniels-Midland Co. | | | | 23,265 | | | | 600,702 | |
| Bridgford Foods Corp. | | | | 559 | | | | 7,826 | |
| Bunge Ltd. | † | | | 4,700 | | | | 231,193 | |
| Campbell Soup Co. | | | | 9,126 | | | | 326,985 | |
| Chiquita Brands International, Inc. | * | | | 2,150 | | | | 26,122 | |
| ConAgra Foods, Inc. | | | | 17,187 | | | | 400,801 | |
| Corn Products International, Inc. | | | | 3,164 | | | | 95,869 | |
| Darling International, Inc. | * | | | 3,150 | | | | 23,656 | |
| Dean Foods Co. | * | | | 6,281 | | | | 63,250 | |
| Del Monte Foods Co. | | | | 8,204 | | | | 118,056 | |
| Farmer Bros. Co. | | | | 930 | | | | 14,034 | |
| Flowers Foods, Inc. | | | | 4,140 | | | | 101,140 | |
| Fresh Del Monte Produce, Inc. (Cayman Islands) | * | | | 567 | | | | 11,476 | |
| General Mills, Inc. | | | | 20,948 | | | | 744,073 | |
| Green Mountain Coffee Roasters, Inc. | *† | | | 6,747 | | | | 173,398 | |
| Griffin Land & Nurseries, Inc. | | | | 650 | | | | 16,510 | |
| H.J. Heinz Co. | | | | 10,532 | | | | 455,193 | |
| Hain Celestial Group, Inc. (The) | * | | | 1,426 | | | | 28,762 | |
| Hershey Co. (The) | | | | 6,420 | | | | 307,711 | |
| Hormel Foods Corp. | | | | 3,195 | | | | 129,334 | |
| Inventure Foods, Inc. | * | | | 5,272 | | | | 16,132 | |
| J&J Snack Foods Corp. | † | | | 761 | | | | 32,038 | |
| J.M. Smucker Co. (The) | | | | 4,592 | | | | 276,530 | |
| Kellogg Co. | | | | 8,614 | | | | 433,284 | |
| Kraft Foods, Inc., Class A | | | | 60,483 | | | | 1,693,524 | |
| Lancaster Colony Corp. | † | | | 1,389 | | | | 74,117 | |
| Lance, Inc. | † | | | 1,370 | | | | 22,591 | |
| McCormick & Co., Inc. | † | | | 4,101 | | | | 155,674 | |
| Mead Johnson Nutrition Co. | | | | 3,068 | | | | 153,768 | |
| Ralcorp Holdings, Inc. | * | | | 2,312 | | | | 126,698 | |
| Sanderson Farms, Inc. | | | | 864 | | | | 43,839 | |
| Sara Lee Corp. | | | | 29,377 | | | | 414,216 | |
| Smithfield Foods, Inc. | *† | | | 4,682 | | | | 69,762 | |
| Tootsie Roll Industries, Inc. | † | | | 624 | | | | 14,767 | |
| TreeHouse Foods, Inc. | * | | | 1,256 | | | | 57,349 | |
| Tyson Foods, Inc., Class A | | | | 10,231 | | | | 167,686 | |
| | | | | | | | | | | | | | 7,679,297 | |
| |
Gas Utilities—0.4% |
| AGL Resources, Inc. | | | | 2,166 | | | | 77,586 | |
| Atmos Energy Corp. | | | | 2,732 | | | | 73,873 | |
| Chesapeake Utilities Corp. | † | | | 949 | | | | 29,799 | |
| Delta Natural Gas Co., Inc. | | | | 380 | | | | 11,115 | |
| Energen Corp. | | | | 2,644 | | | | 117,209 | |
| EQT Corp. | | | | 5,288 | | | | 191,108 | |
| Laclede Group, Inc. (The) | | | | 1,025 | | | | 33,958 | |
| National Fuel Gas Co. | | | | 3,639 | | | | 166,957 | |
| New Jersey Resources Corp. | † | | | 1,681 | | | | 59,171 | |
| Nicor, Inc. | † | | | 1,828 | | | | 74,034 | |
| Northwest Natural Gas Co. | † | | | 1,183 | | | | 51,543 | |
| Oneok, Inc. | | | | 3,908 | | | | 169,021 | |
| Piedmont Natural Gas Co., Inc. | † | | | 2,740 | | | | 69,322 | |
| Questar Corp. | | | | 7,412 | | | | 337,172 | |
| South Jersey Industries, Inc. | † | | | 2,014 | | | | 86,521 | |
| Southwest Gas Corp. | † | | | 1,252 | | | | 36,934 | |
| UGI Corp. | | | | 2,720 | | | | 69,197 | |
| WGL Holdings, Inc. | | | | 2,315 | | | | 78,780 | |
| | | | | | | | | | | | | | 1,733,300 | |
| |
Health Care Equipment & Supplies—1.9% |
| Abaxis, Inc. | *† | | | 749 | | | | 16,051 | |
| ABIOMED, Inc. | *† | | | 886 | | | | 8,576 | |
| Align Technology, Inc. | * | | | 2,449 | | | | 36,417 | |
| American Medical Systems Holdings, Inc. | * | | | 3,000 | | | | 66,360 | |
| Analogic Corp. | † | | | 593 | | | | 26,987 | |
| Baxter International, Inc. | | | | 21,848 | | | | 887,903 | |
| Beckman Coulter, Inc. | | | | 2,512 | | | | 151,448 | |
| Becton Dickinson and Co. | | | | 7,446 | | | | 503,499 | |
| Biolase Technology, Inc. | *† | | | 765 | | | | 1,132 | |
| Boston Scientific Corp. | * | | | 53,540 | | | | 310,532 | |
| C.R. Bard, Inc. | | | | 3,904 | | | | 302,677 | |
| CareFusion Corp. | * | | | 6,833 | | | | 155,109 | |
| Cerus Corp. | *† | | | 1,010 | | | | 3,192 | |
| Conceptus, Inc. | * | | | 1,047 | | | | 16,312 | |
| Conmed Corp. | * | | | 1,362 | | | | 25,374 | |
| Cooper Cos., Inc. (The) | † | | | 1,627 | | | | 64,738 | |
| CryoLife, Inc. | * | | | 937 | | | | 5,050 | |
| Cyberonics, Inc. | * | | | 956 | | | | 22,638 | |
| DENTSPLY International, Inc. | † | | | 5,668 | | | | 169,530 | |
| Edwards Lifesciences Corp. | * | | | 5,150 | | | | 288,503 | |
| ev3, Inc. | * | | | 785 | | | | 17,592 | |
| Gen-Probe, Inc. | * | | | 1,849 | | | | 83,982 | |
| Greatbatch, Inc. | * | | | 942 | | | | 21,016 | |
| Haemonetics Corp. | *† | | | 1,157 | | | | 61,923 | |
| HealthTronics, Inc. | * | | | 2,529 | | | | 12,215 | |
| Hill-Rom Holdings, Inc. | | | | 1,576 | | | | 47,958 | |
| Hologic, Inc. | * | | | 9,792 | | | | 136,403 | |
| Hospira, Inc. | * | | | 6,367 | | | | 365,784 | |
| ICU Medical, Inc. | *† | | | 605 | | | | 19,463 | |
| IDEXX Laboratories, Inc. | *† | | | 1,985 | | | | 120,887 | |
| Immucor, Inc. | *† | | | 1,828 | | | | 34,823 | |
| Integra LifeSciences Holdings Corp. | * | | | 1,190 | | | | 44,030 | |
| Intuitive Surgical, Inc. | * | | | 1,260 | | | | 397,681 | |
| Invacare Corp. | † | | | 1,333 | | | | 27,646 | |
| Inverness Medical Innovations, Inc. | * | | | 3,011 | | | | 80,273 | |
| Kensey Nash Corp. | *† | | | 866 | | | | 20,533 | |
| Kinetic Concepts, Inc. | * | | | 2,200 | | | | 80,322 | |
| Masimo Corp. | | | | 1,500 | | | | 35,715 | |
| Medtronic, Inc. | | | | 40,332 | | | | 1,462,842 | |
| Meridian Bioscience, Inc. | † | | | 1,158 | | | | 19,686 | |
| Merit Medical Systems, Inc. | * | | | 2,519 | | | | 40,480 | |
| NuVasive, Inc. | *† | | | 990 | | | | 35,105 | |
| OraSure Technologies, Inc. | * | | | 1,687 | | | | 7,811 | |
| Osteotech, Inc. | * | | | 1,498 | | | | 4,749 | |
| Palomar Medical Technologies, Inc. | *† | | | 1,116 | | | | 12,488 | |
| ResMed, Inc. | * | | | 3,034 | | | | 184,498 | |
| RTI Biologics, Inc. | * | | | 807 | | | | 2,365 | |
| Somanetics Corp. | * | | | 1,352 | | | | 33,732 | |
| SonoSite, Inc. | * | | | 1,012 | | | | 27,435 | |
| Spectranetics Corp. | * | | | 1,045 | | | | 5,413 | |
| St. Jude Medical, Inc. | * | | | 11,448 | | | | 413,158 | |
| Staar Surgical Co. | * | | | 848 | | | | 4,851 | |
| STERIS Corp. | | | | 2,777 | | | | 86,309 | |
See accompanying notes to financial statements.
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| Stryker Corp. | | | | 6,305 | | | $ | 315,628 | |
| SurModics, Inc. | *† | | | 675 | | | | 11,077 | |
| Synovis Life Technologies, Inc. | * | | | 346 | | | | 5,287 | |
| Teleflex, Inc. | | | | 1,322 | | | | 71,758 | |
| Theragenics Corp. | * | | | 1,492 | | | | 1,716 | |
| ThermoGenesis Corp. | * | | | 4,316 | | | | 2,115 | |
| Thoratec Corp. | *† | | | 2,306 | | | | 98,535 | |
| Urologix, Inc. | *† | | | 1,050 | | | | 1,134 | |
| Varian Medical Systems, Inc. | * | | | 5,512 | | | | 288,167 | |
| Volcano Corp. | *† | | | 1,970 | | | | 42,985 | |
| West Pharmaceutical Services, Inc. | † | | | 1,704 | | | | 62,179 | |
| Wright Medical Group, Inc. | *† | | | 1,309 | | | | 21,743 | |
| Young Innovations, Inc. | † | | | 677 | | | | 19,058 | |
| Zimmer Holdings, Inc. | * | | | 6,941 | | | | 375,161 | |
| Zoll Medical Corp. | * | | | 850 | | | | 23,035 | |
| | | | | | | | | | | | | | 8,350,774 | |
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Health Care Providers & Services—2.2% |
| Aetna, Inc. | | | | 13,625 | | | | 359,427 | |
| Alliance HealthCare Services, Inc. | * | | | 1,429 | | | | 5,773 | |
| Almost Family, Inc. | * | | | 422 | | | | 14,740 | |
| Amedisys, Inc. | *† | | | 1,698 | | | | 74,661 | |
| AMERIGROUP Corp. | * | | | 1,950 | | | | 63,336 | |
| AmerisourceBergen Corp. | | | | 11,686 | | | | 371,030 | |
| AMN Healthcare Services, Inc. | *† | | | 1,507 | | | | 11,272 | |
| Amsurg Corp. | * | | | 1,423 | | | | 25,358 | |
| BioScrip, Inc. | *† | | | 1,095 | | | | 5,738 | |
| Brookdale Senior Living, Inc. | * | | | 2,200 | | | | 33,000 | |
| Cardinal Health, Inc. | | | | 13,667 | | | | 459,348 | |
| CardioNet, Inc. | * | | | 1,151 | | | | 6,307 | |
| Catalyst Health Solutions, Inc. | * | | | 1,864 | | | | 64,308 | |
| Centene Corp. | *† | | | 1,972 | | | | 42,398 | |
| Chemed Corp. | † | | | 1,162 | | | | 63,492 | |
| Chindex International, Inc. | * | | | 822 | | | | 10,300 | |
| CIGNA Corp. | | | | 7,259 | | | | 225,465 | |
| Clarient, Inc. | * | | | 3,308 | | | | 10,189 | |
| Community Health Systems, Inc. | * | | | 4,282 | | | | 144,774 | |
| Coventry Health Care, Inc. | * | | | 6,568 | | | | 116,122 | |
| Cross Country Healthcare, Inc. | *† | | | 1,339 | | | | 12,038 | |
| DaVita, Inc. | * | | | 3,507 | | | | 218,977 | |
| Express Scripts, Inc. | * | | | 19,380 | | | | 911,248 | |
| Gentiva Health Services, Inc. | *† | | | 1,474 | | | | 39,813 | |
| Hanger Orthopedic Group, Inc. | *† | | | 1,083 | | | | 19,451 | |
| Health Management Associates, Inc., Class A | * | | | 9,953 | | | | 77,335 | |
| Health Net, Inc. | * | | | 3,209 | | | | 78,203 | |
| Healthspring, Inc. | * | | | 2,400 | | | | 37,224 | |
| Healthways, Inc. | * | | | 1,362 | | | | 16,235 | |
| Henry Schein, Inc. | * | | | 3,652 | | | | 200,495 | |
| HMS Holdings Corp. | *† | | | 1,410 | | | | 76,450 | |
| Humana, Inc. | * | | | 4,622 | | | | 211,087 | |
| inVentiv Health, Inc. | * | | | 2,100 | | | | 53,760 | |
| Kindred Healthcare, Inc. | *† | | | 1,800 | | | | 23,112 | |
| Laboratory Corp. of America Holdings | * | | | 4,321 | | | | 325,587 | |
| Landauer, Inc. | | | | 598 | | | | 36,406 | |
| LCA-Vision, Inc. | * | | | 616 | | | | 3,413 | |
| LifePoint Hospitals, Inc. | * | | | 2,149 | | | | 67,479 | |
| Lincare Holdings, Inc. | * | | | 3,194 | | | | 103,821 | |
| Magellan Health Services, Inc. | * | | | 1,400 | | | | 50,848 | |
| McKesson Corp. | | | | 9,930 | | | | 666,899 | |
| Medco Health Solutions, Inc. | * | | | 15,887 | | | | 875,056 | |
| Mednax, Inc. | *† | | | 2,182 | | | | 121,341 | |
| National Healthcare Corp. | | | | 431 | | | | 14,852 | |
| National Research Corp. | | | | 1,250 | | | | 30,137 | |
| NovaMed, Inc. | * | | | 416 | | | | 3,453 | |
| Odyssey HealthCare, Inc. | * | | | 1,593 | | | | 42,565 | |
| Omnicare, Inc. | | | | 4,277 | | | | 101,365 | |
| Owens & Minor, Inc. | | | | 2,434 | | | | 69,077 | |
| Patterson Cos., Inc. | | | | 5,546 | | | | 158,227 | |
| PDI, Inc. | * | | | 703 | | | | 5,821 | |
| PharMerica Corp. | * | | | 1,365 | | | | 20,011 | |
| PSS World Medical, Inc. | *† | | | 3,574 | | | | 75,590 | |
| Psychemedics Corp. | | | | 302 | | | | 2,458 | |
| Psychiatric Solutions, Inc. | * | | | 2,662 | | | | 87,101 | |
| Quest Diagnostics, Inc. | | | | 3,899 | | | | 194,053 | |
| RehabCare Group, Inc. | *† | | | 739 | | | | 16,095 | |
| Res-Care, Inc. | *† | | | 1,222 | | | | 11,805 | |
| Sun Healthcare Group, Inc. | *† | | | 2,084 | | | | 16,839 | |
| Sunrise Senior Living, Inc. | * | | | 1,950 | | | | 5,421 | |
| Tenet Healthcare Corp. | * | | | 19,289 | | | | 83,714 | |
| U.S. Physical Therapy, Inc. | * | | | 1,300 | | | | 21,944 | |
| United American Healthcare Corp. | * | | | 4,251 | | | | 2,721 | |
| UnitedHealth Group, Inc. | | | | 42,411 | | | | 1,204,472 | |
| Universal American Corp. | * | | | 1,812 | | | | 26,093 | |
| Universal Health Services, Inc., Class B | | | | 2,466 | | | | 94,078 | |
| VCA Antech, Inc. | *† | | | 3,442 | | | | 85,224 | |
| WellCare Health Plans, Inc. | * | | | 1,500 | | | | 35,610 | |
| WellPoint, Inc. | * | | | 13,209 | | | | 646,316 | |
| | | | | | | | | | | | | | 9,388,358 | |
| |
Health Care Technology—0.1% |
| Allscripts-Misys Healthcare Solutions, Inc. | * | | | 2,300 | | | | 37,030 | |
| Cerner Corp. | *† | | | 3,044 | | | | 231,009 | |
| Eclipsys Corp. | * | | | 1,846 | | | | 32,933 | |
| Mediware Information Systems, Inc. | * | | | 1,088 | | | | 9,792 | |
| Omnicell, Inc. | * | | | 783 | | | | 9,153 | |
| Phase Forward, Inc. | * | | | 2,151 | | | | 35,879 | |
| Quality Systems, Inc. | † | | | 768 | | | | 44,536 | |
| | | | | | | | | | | | | | 400,332 | |
| |
Hotels, Restaurants & Leisure—1.8% |
| Ambassadors International, Inc. | * | | | 523 | | | | 246 | |
| Ameristar Casinos, Inc. | | | | 300 | | | | 4,518 | |
| Bally Technologies, Inc. | * | | | 1,971 | | | | 63,841 | |
| Biglari Holdings, Inc. | * | | | 63 | | | | 18,075 | |
| Bob Evans Farms, Inc. | † | | | 1,465 | | | | 36,068 | |
| Boyd Gaming Corp. | *† | | | 2,619 | | | | 22,235 | |
| Brinker International, Inc. | | | | 5,167 | | | | 74,715 | |
| Buffalo Wild Wings, Inc. | * | | | 867 | | | | 31,715 | |
| Burger King Holdings, Inc. | | | | 1,700 | | | | 28,628 | |
| California Pizza Kitchen, Inc. | * | | | 1,455 | | | | 22,043 | |
| Carnival Corp. | | | | 13,445 | | | | 406,577 | |
| CEC Entertainment, Inc. | *† | | | 1,614 | | | | 56,910 | |
| Cheesecake Factory, Inc. (The) | * | | | 3,444 | | | | 76,663 | |
| Chipotle Mexican Grill, Inc. | * | | | 1,386 | | | | 189,619 | |
| Choice Hotels International, Inc. | † | | | 1,616 | | | | 48,819 | |
| Churchill Downs, Inc. | | | | 638 | | | | 20,926 | |
| CKE Restaurants, Inc. | | | | 1,945 | | | | 24,371 | |
| Cracker Barrel Old Country Store, Inc. | † | | | 2,120 | | | | 98,707 | |
| Darden Restaurants, Inc. | | | | 5,104 | | | | 198,290 | |
| DineEquity, Inc. | *† | | | 1,079 | | | | 30,126 | |
See accompanying notes to financial statements.
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| Dover Downs Gaming & Entertainment, Inc. | | | | 1,710 | | | $ | 4,942 | |
| Dover Motorsports, Inc. | * | | | 1,645 | | | | 2,994 | |
| Empire Resorts, Inc. | * | | | 582 | | | | 949 | |
| Gaylord Entertainment Co. | *† | | | 1,772 | | | | 39,144 | |
| International Game Technology | | | | 13,402 | | | | 210,411 | |
| International Speedway Corp., Class A | | | | 1,190 | | | | 30,654 | |
| Interval Leisure Group, Inc. | * | | | 1,886 | | | | 23,481 | |
| Isle of Capri Casinos, Inc. | * | | | 1,250 | | | | 11,575 | |
| Jack in the Box, Inc. | * | | | 2,874 | | | | 55,899 | |
| Krispy Kreme Doughnuts, Inc. | *† | | | 2,573 | | | | 8,671 | |
| Landry’s Restaurants, Inc. | * | | | 1,253 | | | | 30,648 | |
| Las Vegas Sands Corp. | *† | | | 12,301 | | | | 272,344 | |
| Life Time Fitness, Inc. | *† | | | 1,774 | | | | 56,396 | |
| Marcus Corp. | | | | 1,505 | | | | 14,237 | |
| Marriott International, Inc., Class A | | | | 10,755 | | | | 322,005 | |
| McDonald’s Corp. | | | | 38,435 | | | | 2,531,713 | |
| MGM Resorts International | *† | | | 4,792 | | | | 46,195 | |
| Morgans Hotel Group Co. | *† | | | 2,300 | | | | 14,168 | |
| Morton’s Restaurant Group, Inc. | * | | | 2,200 | | | | 11,396 | |
| Multimedia Games, Inc. | * | | | 1,202 | | | | 5,409 | |
| O’Charleys, Inc. | * | | | 1,091 | | | | 5,782 | |
| Orient-Express Hotels Ltd., Class A (Bermuda) | * | | | 1,577 | | | | 11,670 | |
| P.F. Chang’s China Bistro, Inc. | | | | 1,089 | | | | 43,179 | |
| Panera Bread Co., Class A | * | | | 1,250 | | | | 94,113 | |
| Papa John’s International, Inc. | * | | | 1,610 | | | | 37,223 | |
| Peet’s Coffee & Tea, Inc. | * | | | 637 | | | | 25,015 | |
| Penn National Gaming, Inc. | * | | | 2,586 | | | | 59,737 | |
| Pinnacle Entertainment, Inc. | * | | | 1,629 | | | | 15,410 | |
| Red Robin Gourmet Burgers, Inc. | *† | | | 692 | | | | 11,875 | |
| Royal Caribbean Cruises Ltd. | *† | | | 4,300 | | | | 97,911 | |
| Ruby Tuesday, Inc. | * | | | 2,816 | | | | 23,936 | |
| Scientific Games Corp., Class A | * | | | 2,517 | | | | 23,156 | |
| Shuffle Master, Inc. | * | | | 1,527 | | | | 12,231 | |
| Sonic Corp. | * | | | 3,730 | | | | 28,908 | |
| Speedway Motorsports, Inc. | | | | 149 | | | | 2,020 | |
| Starbucks Corp. | | | | 17,948 | | | | 436,136 | |
| Starwood Hotels & Resorts Worldwide, Inc. | | | | 7,939 | | | | 328,913 | |
| Texas Roadhouse, Inc. | * | | | 3,070 | | | | 38,743 | |
| Vail Resorts, Inc. | * | | | 1,491 | | | | 52,051 | |
| Wendy’s/Arby’s Group, Inc., Class A | | | | 25,109 | | | | 100,436 | |
| WMS Industries, Inc. | *† | | | 564 | | | | 22,137 | |
| Wyndham Worldwide Corp. | | | | 8,848 | | | | 178,199 | |
| Wynn Resorts Ltd. | | | | 2,554 | | | | 194,794 | |
| Yum! Brands, Inc. | | | | 14,107 | | | | 550,737 | |
| | | | | | | | | | | | | | 7,540,635 | |
| |
Household Durables—0.4% |
| American Greetings Corp., Class A | | | | 2,760 | | | | 51,778 | |
| Bassett Furniture Industries, Inc. | * | | | 1,139 | | | | 4,875 | |
| Beazer Homes USA, Inc. | *† | | | 1,494 | | | | 5,423 | |
| Blyth, Inc. | | | | 460 | | | | 15,672 | |
| Brookfield Homes Corp. | *† | | | 1,218 | | | | 8,209 | |
| D.R. Horton, Inc. | | | | 3,903 | | | | 38,366 | |
| Ethan Allen Interiors, Inc. | | | | 1,551 | | | | 21,698 | |
| Fortune Brands, Inc. | | | | 1,947 | | | | 76,283 | |
| Furniture Brands International, Inc. | * | | | 2,341 | | | | 12,220 | |
| Harman International Industries, Inc. | * | | | 2,728 | | | | 81,540 | |
| Helen of Troy Ltd. (Bermuda) | *† | | | 1,333 | | | | 29,406 | |
| Hovnanian Enterprises, Inc., Class A | *† | | | 1,478 | | | | 5,439 | |
| Jarden Corp. | | | | 2,055 | | | | 55,218 | |
| KB Home | | | | 3,248 | | | | 35,728 | |
| Kid Brands, Inc. | * | | | 1,156 | | | | 8,127 | |
| La-Z-Boy, Inc. | *† | | | 2,404 | | | | 17,862 | |
| Leggett & Platt, Inc. | | | | 2,928 | | | | 58,736 | |
| Lennar Corp., Class A | † | | | 5,675 | | | | 78,939 | |
| M/I Homes, Inc. | * | | | 610 | | | | 5,880 | |
| MDC Holdings, Inc. | | | | 1,091 | | | | 29,402 | |
| Meritage Homes Corp. | * | | | 1,300 | | | | 21,164 | |
| Mohawk Industries, Inc. | * | | | 2,460 | | | | 112,570 | |
| National Presto Industries, Inc. | | | | 535 | | | | 49,680 | |
| Newell Rubbermaid, Inc. | | | | 3,792 | | | | 55,515 | |
| NVR, Inc. | * | | | 262 | | | | 171,618 | |
| Palm Harbor Homes, Inc. | *† | | | 1,181 | | | | 2,102 | |
| Pulte Group, Inc. | * | | | 13,539 | | | | 112,103 | |
| Ryland Group, Inc. | † | | | 1,852 | | | | 29,299 | |
| Skyline Corp. | † | | | 720 | | | | 12,967 | |
| Standard Pacific Corp. | *† | | | 2,568 | | | | 8,551 | |
| Stanley Black & Decker, Inc. | | | | 1,674 | | | | 84,570 | |
| Tempur-Pedic International, Inc. | * | | | 1,346 | | | | 41,390 | |
| Toll Brothers, Inc. | * | | | 4,132 | | | | 67,600 | |
| Tupperware Brands Corp. | | | | 2,427 | | | | 96,716 | |
| Universal Electronics, Inc. | *† | | | 639 | | | | 10,627 | |
| Whirlpool Corp. | | | | 1,858 | | | | 163,170 | |
| | | | | | | | | | | | | | 1,680,443 | |
| |
Household Products—2.3% |
| Central Garden and Pet Co., Class A | * | | | 1,230 | | | | 11,033 | |
| Church & Dwight Co., Inc. | | | | 2,569 | | | | 161,102 | |
| Clorox Co. | | | | 4,503 | | | | 279,906 | |
| Colgate-Palmolive Co. | | | | 18,285 | | | | 1,440,126 | |
| Energizer Holdings, Inc. | * | | | 1,856 | | | | 93,320 | |
| Kimberly-Clark Corp. | | | | 13,682 | | | | 829,540 | |
| Procter & Gamble Co. (The) | | | | 114,487 | | | | 6,866,930 | |
| WD-40 Co. | | | | 949 | | | | 31,697 | |
| | | | | | | | | | | | | | 9,713,654 | |
| |
Independent Power Producers & Energy Traders—0.2% |
| AES Corp. (The) | * | | | 26,935 | | | | 248,879 | |
| Calpine Corp. | * | | | 16,000 | | | | 203,520 | |
| Constellation Energy Group, Inc. | | | | 7,434 | | | | 239,746 | |
| Dynegy, Inc. | * | | | 3,130 | | | | 12,051 | |
| Mirant Corp. | * | | | 1,385 | | | | 14,626 | |
| NRG Energy, Inc. | * | | | 8,000 | | | | 169,680 | |
| RRI Energy, Inc. | * | | | 11,470 | | | | 43,471 | |
| | | | | | | | | | | | | | 931,973 | |
| |
Industrial Conglomerates—2.0% |
| 3M Co. | | | | 24,724 | | | | 1,952,949 | |
| Carlisle Cos., Inc. | † | | | 2,452 | | | | 88,591 | |
| General Electric Co. | | | | 417,678 | | | | 6,022,917 | |
| McDermott International, Inc. | * | | | 8,276 | | | | 179,258 | |
| Otter Tail Corp. | | | | 1,095 | | | | 21,166 | |
| Seaboard Corp. | † | | | 18 | | | | 27,180 | |
| Standex International Corp. | | | | 724 | | | | 18,353 | |
| Textron, Inc. | | | | 8,214 | | | | 139,392 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Tredegar Corp. | † | | | 1,606 | | | $ | 26,210 | |
| United Capital Corp. | * | | | 690 | | | | 16,843 | |
| | | | | | | | | | | | | | 8,492,859 | |
| |
Insurance—4.2% |
| Aflac, Inc. | | | | 19,465 | | | | 830,572 | |
| Alleghany Corp. | * | | | 154 | | | | 45,168 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 1,889 | | | | 85,723 | |
| Allstate Corp. (The) | | | | 18,288 | | | | 525,414 | |
| Alterra Capital Holdings Ltd. (Bermuda) | † | | | 1,915 | | | | 35,964 | |
| Ambac Financial Group, Inc. | *† | | | 11,209 | | | | 7,510 | |
| American Equity Investment Life Holding Co. | | | | 4,302 | | | | 44,397 | |
| American Financial Group, Inc. | | | | 2,657 | | | | 72,589 | |
| American Independence Corp. | * | | | 430 | | | | 2,193 | |
| American International Group, Inc. | *† | | | 5,515 | | | | 189,937 | |
| American National Insurance Co. | | | | 945 | | | | 76,517 | |
| American Physicians Capital, Inc. | | | | 1,720 | | | | 53,062 | |
| AON Corp. | | | | 5,541 | | | | 205,682 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 1,428 | | | | 106,386 | |
| Argo Group International Holdings Ltd. (Bermuda) | | | | 899 | | | | 27,500 | |
| Arthur J. Gallagher & Co. | | | | 3,230 | | | | 78,747 | |
| Aspen Insurance Holdings Ltd. (Bermuda) | | | | 3,512 | | | | 86,887 | |
| Assurant, Inc. | | | | 4,146 | | | | 143,866 | |
| Assured Guaranty Ltd. (Bermuda) | | | | 2,359 | | | | 31,304 | |
| Axis Capital Holdings Ltd. (Bermuda) | | | | 5,691 | | | | 169,137 | |
| Baldwin & Lyons, Inc., Class B | † | | | 945 | | | | 19,854 | |
| Berkshire Hathaway, Inc., Class B | * | | | 69,393 | | | | 5,529,928 | |
| Brown & Brown, Inc. | † | | | 5,036 | | | | 96,389 | |
| Chubb Corp. | | | | 11,106 | | | | 555,411 | |
| Cincinnati Financial Corp. | | | | 6,036 | | | | 156,151 | |
| CNA Financial Corp. | *† | | | 1,422 | | | | 36,346 | |
| CNA Surety Corp. | *† | | | 1,486 | | | | 23,880 | |
| CNO Financial Group, Inc. | *† | | | 6,600 | | | | 32,670 | |
| Crawford & Co., Class B | *† | | | 1,891 | | | | 5,976 | |
| Delphi Financial Group, Inc., Class A | † | | | 1,945 | | | | 47,477 | |
| EMC Insurance Group, Inc. | † | | | 341 | | | | 7,478 | |
| Employers Holdings, Inc. | | | | 2,770 | | | | 40,802 | |
| Endurance Specialty Holdings Ltd. (Bermuda) | † | | | 2,698 | | | | 101,256 | |
| Erie Indemnity Co., Class A | | | | 1,023 | | | | 46,547 | |
| Everest Re Group Ltd. (Bermuda) | | | | 2,468 | | | | 174,537 | |
| FBL Financial Group, Inc., Class A | | | | 1,275 | | | | 26,775 | |
| Fidelity National Financial, Inc., Class A | | | | 8,236 | | | | 106,986 | |
| First American Financial Corp. | | | | 3,159 | | | | 40,056 | |
| Genworth Financial, Inc., Class A | * | | | 16,181 | | | | 211,486 | |
| Greenlight Capital Re Ltd., Class A (Cayman Islands) | *† | | | 1,797 | | | | 45,266 | |
| Hanover Insurance Group, Inc. (The) | † | | | 2,346 | | | | 102,051 | |
| Harleysville Group, Inc. | † | | | 1,351 | | | | 41,922 | |
| Hartford Financial Services Group, Inc. | | | | 12,354 | | | | 273,394 | |
| HCC Insurance Holdings, Inc. | | | | 3,999 | | | | 99,015 | |
| Hilltop Holdings, Inc. | *† | | | 1,180 | | | | 11,812 | |
| Horace Mann Educators Corp. | | | | 2,000 | | | | 30,600 | |
| Independence Holding Co. | † | | | 961 | | | | 5,737 | |
| Infinity Property & Casualty Corp. | | | | 810 | | | | 37,406 | |
| Kansas City Life Insurance Co. | | | | 902 | | | | 26,672 | |
| Lincoln National Corp. | | | | 10,899 | | | | 264,737 | |
| Loews Corp. | | | | 7,988 | | | | 266,080 | |
| Markel Corp. | * | | | 412 | | | | 140,080 | |
| Marsh & McLennan Cos., Inc. | | | | 15,676 | | | | 353,494 | |
| MBIA, Inc. | *† | | | 8,742 | | | | 49,043 | |
| Mercury General Corp. | | | | 1,109 | | | | 45,957 | |
| MetLife, Inc. | | | | 33,424 | | | | 1,262,090 | |
| Montpelier Re Holdings Ltd. (Bermuda) | | | | 3,734 | | | | 55,749 | |
| National Financial Partners Corp. | * | | | 1,495 | | | | 14,606 | |
| Navigators Group, Inc. (The) | *† | | | 938 | | | | 38,580 | |
| Old Republic International Corp. | † | | | 9,191 | | | | 111,487 | |
| PartnerRe Ltd. (Bermuda) | | | | 2,300 | | | | 161,322 | |
| Phoenix Cos., Inc. (The) | *† | | | 4,217 | | | | 8,898 | |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 2,734 | | | | 99,217 | |
| PMA Capital Corp., Class A | * | | | 1,826 | | | | 11,960 | |
| Presidential Life Corp. | † | | | 1,144 | | | | 10,410 | |
| Principal Financial Group, Inc. | | | | 10,891 | | | | 255,285 | |
| ProAssurance Corp. | *† | | | 1,647 | | | | 93,484 | |
| Progressive Corp. (The) | | | | 24,774 | | | | 463,769 | |
| Protective Life Corp. | | | | 3,130 | | | | 66,951 | |
| Prudential Financial, Inc. | | | | 17,746 | | | | 952,250 | |
| Reinsurance Group of America, Inc. | | | | 1,440 | | | | 65,822 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 2,900 | | | | 163,183 | |
| RLI Corp. | † | | | 1,164 | | | | 61,122 | |
| Safety Insurance Group, Inc. | † | | | 850 | | | | 31,467 | |
| Selective Insurance Group, Inc. | | | | 2,122 | | | | 31,533 | |
| StanCorp Financial Group, Inc. | | | | 2,460 | | | | 99,728 | |
| State Auto Financial Corp. | † | | | 488 | | | | 7,569 | |
| Stewart Information Services Corp. | | | | 1,239 | | | | 11,176 | |
| Torchmark Corp. | † | | | 3,623 | | | | 179,375 | |
| Tower Group, Inc. | | | | 1,736 | | | | 37,376 | |
| Transatlantic Holdings, Inc. | | | | 1,167 | | | | 55,969 | |
| Travelers Cos., Inc. (The) | | | | 16,353 | | | | 805,385 | |
| United Fire & Casualty Co. | | | | 1,250 | | | | 24,775 | |
| Unitrin, Inc. | | | | 1,906 | | | | 48,794 | |
| Unum Group | | | | 11,647 | | | | 252,740 | |
| Validus Holdings Ltd. (Bermuda) | | 3,553 | | | | 86,764 | |
| W.R. Berkley Corp. | | | | 2,501 | | | | 66,176 | |
| Wesco Financial Corp. | | | | 187 | | | | 60,438 | |
| White Mountains Insurance Group Ltd. | | | | 300 | | | | 97,260 | |
| XL Capital Ltd., Class A (Bermuda) | | | | 11,995 | | | | 192,040 | |
| | | | | | | | | | | | | | 17,856,576 | |
| |
Internet & Catalog Retail—0.5% |
| 1-800-Flowers.com, Inc., Class A | * | | | 793 | | | | 1,634 | |
| Amazon.com, Inc. | * | | | 14,373 | | | | 1,570,394 | |
See accompanying notes to financial statements.
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| dELiA*s, Inc. | * | | | 925 | | | $ | 1,360 | |
| Drugstore.Com, Inc. | * | | | 3,800 | | | | 11,704 | |
| Expedia, Inc. | | | | 7,176 | | | | 134,765 | |
| Hollywood Media Corp. | * | | | 1,494 | | | | 1,763 | |
| HSN, Inc. | * | | | 1,886 | | | | 45,264 | |
| Liberty Media Corp. - Interactive, Series A | * | | | 19,760 | | | | 207,480 | |
| NetFlix, Inc. | *† | | | 679 | | | | 73,773 | |
| Overstock.com, Inc. | *† | | | 770 | | | | 13,914 | |
| priceline.com, Inc. | * | | | 1,548 | | | | 273,284 | |
| Valuevision Media, Inc., Class A | * | | | 1,741 | | | | 3,081 | |
| | | | | | | | | | | | | | 2,338,416 | |
| |
Internet Software & Services—1.6% |
| Akamai Technologies, Inc. | * | | | 5,664 | | | | 229,788 | |
| AOL, Inc. | * | | | 3,989 | | | | 82,931 | |
| Art Technology Group, Inc. | *† | | | 8,333 | | | | 28,499 | |
| Autobytel, Inc. | * | | | 1,384 | | | | 1,578 | |
| DealerTrack Holdings, Inc. | * | | | 1,800 | | | | 29,610 | |
| Digital River, Inc. | * | | | 1,627 | | | | 38,902 | |
| Earthlink, Inc. | † | | | 5,814 | | | | 46,279 | |
| eBay, Inc. | * | | | 47,283 | | | | 927,220 | |
| Equinix, Inc. | *† | | | 1,323 | | | | 107,454 | |
| Google, Inc., Class A | * | | | 9,172 | | | | 4,081,081 | |
| GSI Commerce, Inc. | * | | | 1,469 | | | | 42,307 | |
| IAC/InterActiveCorp | * | | | 4,715 | | | | 103,589 | |
| Infospace, Inc. | * | | | 1,323 | | | | 9,949 | |
| Internap Network Services Corp. | *† | | | 1,297 | | | | 5,408 | |
| j2 Global Communications, Inc. | *† | | | 1,614 | | | | 35,250 | |
| Keynote Systems, Inc. | | | | 1,400 | | | | 12,628 | |
| Knot, Inc. (The) | *† | | | 2,304 | | | | 17,925 | |
| LivePerson, Inc. | * | | | 3,333 | | | | 22,864 | |
| Looksmart Ltd. | * | | | 500 | | | | 590 | |
| ModusLink Global Solutions, Inc. | * | | | 1,007 | | | | 6,072 | |
| Monster Worldwide, Inc. | * | | | 4,681 | | | | 54,534 | |
| Move, Inc. | * | | | 7,362 | | | | 15,092 | |
| NaviSite, Inc. | * | | | 3,725 | | | | 9,797 | |
| NIC, Inc. | | | | 2,450 | | | | 15,705 | |
| Openwave Systems, Inc. | * | | | 2,570 | | | | 5,217 | |
| RealNetworks, Inc. | * | | | 5,844 | | | | 19,285 | |
| Saba Software, Inc. | * | | | 1,576 | | | | 8,116 | |
| SAVVIS, Inc. | * | | | 408 | | | | 6,018 | |
| Stamps.com, Inc. | * | | | 1,050 | | | | 10,763 | |
| support.com, Inc. | * | | | 1,562 | | | | 6,498 | |
| United Online, Inc. | † | | | 2,509 | | | | 14,452 | |
| ValueClick, Inc. | *† | | | 4,058 | | | | 43,380 | |
| VeriSign, Inc. | *† | | | 8,080 | | | | 214,524 | |
| Vertro, Inc. | * | | | 990 | | | | 490 | |
| Web.com Group, Inc. | *† | | | 308 | | | | 1,106 | |
| WebMD Health Corp. | * | | | 2,424 | | | | 112,546 | |
| WebMediaBrands, Inc. | * | | | 1,450 | | | | 1,305 | |
| Yahoo! Inc. | * | | | 43,481 | | | | 601,342 | |
| Zix Corp. | *† | | | 1,015 | | | | 2,294 | |
| | | | | | | | | | | | | | 6,972,388 | |
| |
IT Services—2.9% |
| Acxiom Corp. | * | | | 3,451 | | | | 50,695 | |
| Alliance Data Systems Corp. | *† | | | 1,955 | | | | 116,362 | |
| Automatic Data Processing, Inc. | | | | 14,331 | | | | 576,966 | |
| Broadridge Financial Solutions, Inc. | | | | 5,748 | | | | 109,499 | |
| CACI International, Inc., Class A | * | | | 1,198 | | | | 50,891 | |
| Ciber, Inc. | * | | | 2,444 | | | | 6,770 | |
| Cognizant Technology Solutions Corp., Class A | * | | | 10,752 | | | | 538,245 | |
| Computer Sciences Corp. | | | | 3,563 | | | | 161,226 | |
| Convergys Corp. | *† | | | 5,933 | | | | 58,203 | |
| CoreLogic, Inc. | | | | 3,159 | | | | 55,788 | |
| CSG Systems International, Inc. | *† | | | 2,153 | | | | 39,464 | |
| Cybersource Corp. | * | | | 2,776 | | | | 70,871 | |
| DST Systems, Inc. | | | | 2,518 | | | | 91,001 | |
| Edgewater Technology, Inc. | * | | | 1,533 | | | | 4,430 | |
| Euronet Worldwide, Inc. | * | | | 1,056 | | | | 13,506 | |
| Fidelity National Information Services, Inc. | | | | 11,953 | | | | 320,579 | |
| Fiserv, Inc. | * | | | 6,994 | | | | 319,346 | |
| Forrester Research, Inc. | * | | | 963 | | | | 29,140 | |
| Gartner, Inc., Class A | * | | | 1,179 | | | | 27,412 | |
| Global Payments, Inc. | | | | 3,238 | | | | 118,317 | |
| Hackett Group, Inc. (The) | *† | | | 1,140 | | | | 3,203 | |
| Hewitt Associates, Inc., Class A | * | | | 2,317 | | | | 79,844 | |
| iGATE Corp. | | | | 1,397 | | | | 17,910 | |
| infoGROUP, Inc. | * | | | 1,708 | | | | 13,630 | |
| Integral Systems, Inc. | * | | | 1,010 | | | | 6,413 | |
| International Business Machines Corp. | | | | 49,606 | | | | 6,125,349 | |
| Lender Processing Services, Inc. | | | | 4,048 | | | | 126,743 | |
| Lionbridge Technologies, Inc. | * | | | 1,165 | | | | 5,324 | |
| Management Network Group, Inc. | * | | | 320 | | | | 861 | |
| Mantech International Corp., Class A | *† | | | 1,217 | | | | 51,808 | |
| Mastech Holdings, Inc. | * | | | 93 | | | | 285 | |
| Mastercard, Inc., Class A | | | | 3,234 | | | | 645,280 | |
| MAXIMUS, Inc. | † | | | 1,052 | | | | 60,879 | |
| MoneyGram International, Inc. | * | | | 3,750 | | | | 9,187 | |
| NeuStar, Inc., Class A | * | | | 3,140 | | | | 64,747 | |
| Online Resources Corp. | * | | | 700 | | | | 2,905 | |
| Paychex, Inc. | | | | 6,831 | | | | 177,401 | |
| Pfsweb, Inc. | *† | | | 1,209 | | | | 3,458 | |
| SAIC, Inc. | * | | | 8,529 | | | | 142,775 | |
| Sapient Corp. | | | | 4,150 | | | | 42,081 | |
| SRA International, Inc., Class A | * | | | 1,664 | | | | 32,731 | |
| StarTek, Inc. | * | | | 994 | | | | 3,877 | |
| Syntel, Inc. | | | | 1,554 | | | | 52,758 | |
| TeleTech Holdings, Inc. | * | | | 2,738 | | | | 35,293 | |
| Total System Services, Inc. | † | | | 6,935 | | | | 94,316 | |
| Unisys Corp. | * | | | 1,371 | | | | 25,350 | |
| VeriFone Systems, Inc. | *† | | | 2,645 | | | | 50,070 | |
| Visa, Inc., Class A | | | | 16,917 | | | | 1,196,878 | |
| Western Union Co. (The) | | | | 25,245 | | | | 376,403 | |
| Wright Express Corp. | * | | | 1,750 | | | | 51,975 | |
| | | | | | | | | | | | | | 12,258,445 | |
| |
Leisure Equipment & Products—0.1% |
| Arctic Cat, Inc. | * | | | 1,857 | | | | 16,917 | |
| Brunswick Corp. | † | | | 3,797 | | | | 47,197 | |
| Callaway Golf Co. | † | | | 2,881 | | | | 17,401 | |
| Eastman Kodak Co. | *† | | | 11,893 | | | | 51,616 | |
| Hasbro, Inc. | | | | 145 | | | | 5,959 | |
| Jakks Pacific, Inc. | * | | | 925 | | | | 13,302 | |
| Leapfrog Enterprises, Inc. | * | | | 1,261 | | | | 5,069 | |
| Mattel, Inc. | | | | 8,487 | | | | 179,585 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Nautilus, Inc. | * | | | 1,359 | | | $ | 2,066 | |
| Polaris Industries, Inc. | | | | 1,858 | | | | 101,484 | |
| Pool Corp. | | | | 2,434 | | | | 53,353 | |
| RC2 Corp. | * | | | 1,650 | | | | 26,581 | |
| Steinway Musical Instruments, Inc. | * | | | 683 | | | | 12,151 | |
| Sturm Ruger & Co., Inc. | † | | | 3,296 | | | | 47,232 | |
| | | | | | | | | | | | | | 579,913 | |
| |
Life Sciences Tools & Services—0.6% |
| Accelrys, Inc. | * | | | 1,145 | | | | 7,385 | |
| Affymetrix, Inc. | *† | | | 2,525 | | | | 14,898 | |
| Albany Molecular Research, Inc. | * | | | 1,371 | | | | 7,088 | |
| Bio-Rad Laboratories, Inc., Class A | * | | | 623 | | | | 53,883 | |
| Bruker Corp. | * | | | 1,667 | | | | 20,271 | |
| Caliper Life Sciences, Inc. | * | | | 867 | | | | 3,702 | |
| Cambrex Corp. | *† | | | 1,258 | | | | 3,963 | |
| Charles River Laboratories International, Inc. | * | | | 2,755 | �� | | | 94,249 | |
| Covance, Inc. | * | | | 2,839 | | | | 145,697 | |
| Dionex Corp. | * | | | 1,031 | | | | 76,768 | |
| Enzo Biochem, Inc. | * | | | 1,353 | | | | 5,507 | |
| eResearchTechnology, Inc. | * | | | 2,056 | | | | 16,201 | |
| Furiex Pharmaceuticals, Inc. | * | | | 394 | | | | 4,003 | |
| Illumina, Inc. | *† | | | 4,535 | | | | 197,409 | |
| Kendle International, Inc. | * | | | 1,316 | | | | 15,160 | |
| Life Technologies Corp. | * | | | 7,474 | | | | 353,146 | |
| Luminex Corp. | * | | | 1,070 | | | | 17,355 | |
| Mettler-Toledo International, Inc. (Switzerland) | * | | | 913 | | | | 101,918 | |
| Millipore Corp. | * | | | 2,144 | | | | 228,658 | |
| Parexel International Corp. | * | | | 2,306 | | | | 49,994 | |
| PerkinElmer, Inc. | | | | 5,266 | | | | 108,848 | |
| Pharmaceutical Product Development, Inc. | | | | 4,736 | | | | 120,342 | |
| Sequenom, Inc. | *† | | | 614 | | | | 3,629 | |
| Techne Corp. | | | | 1,736 | | | | 99,733 | |
| Thermo Fisher Scientific, Inc. | * | | | 16,050 | | | | 787,253 | |
| Waters Corp. | *† | | | 3,878 | | | | 250,907 | |
| | | | | | | | | | | | | | 2,787,967 | |
| |
Machinery—2.1% |
| 3D Systems Corp. | *† | | | 1,158 | | | | 14,533 | |
| Actuant Corp., Class A | † | | | 2,022 | | | | 38,074 | |
| AGCO Corp. | * | | | 3,068 | | | | 82,744 | |
| Albany International Corp., Class A | † | | | 1,437 | | | | 23,265 | |
| American Railcar Industries, Inc. | * | | | 1,200 | | | | 14,496 | |
| Ampco-Pittsburgh Corp. | | | | 613 | | | | 12,769 | |
| ArvinMeritor, Inc. | * | | | 2,791 | | | | 36,562 | |
| Astec Industries, Inc. | *† | | | 821 | | | | 22,766 | |
| Badger Meter, Inc. | † | | | 1,134 | | | | 43,874 | |
| Barnes Group, Inc. | † | | | 2,018 | | | | 33,075 | |
| Blount International, Inc. | * | | | 1,532 | | | | 15,734 | |
| Briggs & Stratton Corp. | † | | | 1,822 | | | | 31,010 | |
| Bucyrus International, Inc. | † | | | 2,860 | | | | 135,707 | |
| Caterpillar, Inc. | | | | 21,496 | | | | 1,291,265 | |
| Chart Industries, Inc. | * | | | 1,070 | | | | 16,671 | |
| CIRCOR International, Inc. | † | | | 711 | | | | 18,187 | |
| CLARCOR, Inc. | † | | | 2,354 | | | | 83,614 | |
| Crane Co. | | | | 2,467 | | | | 74,528 | |
| Cummins, Inc. | | | | 5,470 | | | | 356,261 | |
| Danaher Corp. | † | | | 16,000 | | | | 593,920 | |
| Deere & Co. | | | | 15,887 | | | | 884,588 | |
| Donaldson Co., Inc. | | | | 3,810 | | | | 162,497 | |
| Dover Corp. | | | | 5,761 | | | | 240,752 | |
| Eaton Corp. | | | | 5,791 | | | | 378,963 | |
| EnPro Industries, Inc. | *† | | | 981 | | | | 27,615 | |
| ESCO Technologies, Inc. | | | | 1,222 | | | | 31,467 | |
| Federal Signal Corp. | | | | 2,159 | | | | 13,040 | |
| Flow International Corp. | * | | | 2,200 | | | | 5,192 | |
| Flowserve Corp. | | | | 2,375 | | | | 201,400 | |
| Force Protection, Inc. | * | | | 3,825 | | | | 15,683 | |
| FreightCar America, Inc. | | | | 900 | | | | 20,358 | |
| Gardner Denver, Inc. | | | | 1,836 | | | | 81,867 | |
| Graco, Inc. | | | | 2,883 | | | | 81,272 | |
| Harsco Corp. | | | | 3,646 | | | | 85,681 | |
| Hurco Cos., Inc. | * | | | 300 | | | | 4,455 | |
| IDEX Corp. | | | | 3,304 | | | | 94,395 | |
| Illinois Tool Works, Inc. | | | | 16,815 | | | | 694,123 | |
| John Bean Technologies Corp. | | | | 1,164 | | | | 17,751 | |
| Joy Global, Inc. | | | | 4,799 | | | | 240,382 | |
| Kadant, Inc. | * | | | 721 | | | | 12,560 | |
| Kaydon Corp. | | | | 1,422 | | | | 46,727 | |
| Kennametal, Inc. | † | | | 3,196 | | | | 81,274 | |
| Lincoln Electric Holdings, Inc. | | | | 1,877 | | | | 95,708 | |
| Lindsay Corp. | † | | | 808 | | | | 25,606 | |
| Manitowoc Co., Inc. (The) | † | | | 5,044 | | | | 46,102 | |
| Middleby Corp. | * | | | 984 | | | | 52,339 | |
| Mueller Industries, Inc. | | | | 1,592 | | | | 39,163 | |
| Mueller Water Products, Inc., Class A | | | | 3,000 | | | | 11,130 | |
| NACCO Industries, Inc., Class A | | | | 309 | | | | 27,427 | |
| Navistar International Corp. | * | | | 2,436 | | | | 119,851 | |
| Nordson Corp. | | | | 1,522 | | | | 85,354 | |
| Oshkosh Corp. | * | | | 2,868 | | | | 89,367 | |
| PACCAR, Inc. | | | | 14,853 | | | | 592,189 | |
| Pall Corp. | | | | 5,186 | | | | 178,243 | |
| Parker Hannifin Corp. | | | | 6,039 | | | | 334,923 | |
| Pentair, Inc. | | | | 3,618 | | | | 116,500 | |
| Robbins & Myers, Inc. | | | | 1,736 | | | | 37,741 | |
| Sauer-Danfoss, Inc. | * | | | 1,531 | | | | 18,709 | |
| Snap-On, Inc. | | | | 2,419 | | | | 98,961 | |
| SPX Corp. | | | | 2,157 | | | | 113,911 | |
| Tecumseh Products Co., Class A | * | | | 712 | | | | 7,917 | |
| Tennant Co. | | | | 1,280 | | | | 43,290 | |
| Terex Corp. | *† | | | 4,124 | | | | 77,284 | |
| Timken Co. | | | | 3,702 | | | | 96,215 | |
| Titan International, Inc. | † | | | 1,356 | | | | 13,519 | |
| Toro Co. (The) | † | | | 1,020 | | | | 50,102 | |
| Trinity Industries, Inc. | † | | | 3,051 | | | | 54,064 | |
| Valmont Industries, Inc. | † | | | 1,162 | | | | 84,431 | |
| Wabash National Corp. | * | | | 1,395 | | | | 9,918 | |
| WABCO Holdings, Inc. | * | | | 2,354 | | | | 74,104 | |
| Wabtec Corp. | † | | | 1,737 | | | | 69,289 | |
| Watts Water Technologies, Inc., Class A | | | | 1,225 | | | | 35,109 | |
| | | | | | | | | | | | | | 9,059,563 | |
| |
Marine—0.0% |
| Alexander & Baldwin, Inc. | | | | 1,466 | | | | 43,657 | |
| American Commercial Lines, Inc. | *† | | | 500 | | | | 11,255 | |
| Eagle Bulk Shipping, Inc. | * | | | 3,648 | | | | 15,395 | |
| Excel Maritime Carriers Ltd. (Greece) | *† | | | 2,810 | | | | 14,387 | |
| Genco Shipping & Trading Ltd. | *† | | | 2,042 | | | | 30,610 | |
| Horizon Lines, Inc., Class A | † | | | 2,035 | | | | 8,608 | |
See accompanying notes to financial statements.
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| Kirby Corp. | * | | | 2,358 | | | $ | 90,193 | |
| | | | | | | | | | | | | | 214,105 | |
| |
Media—2.8% |
| A.H. Belo Corp., Class A | * | | | 944 | | | | 6,268 | |
| Alloy, Inc. | * | | | 462 | | | | 4,334 | |
| Arbitron, Inc. | † | | | 1,298 | | | | 33,268 | |
| Ascent Media Corp., Class A | * | | | 545 | | | | 13,767 | |
| Belo Corp., Class A | * | | | 4,721 | | | | 26,862 | |
| Cablevision Systems Corp., Class A | | | | 9,044 | | | | 217,146 | |
| CBS Corp., Class B | | | | 25,719 | | | | 332,547 | |
| CKX, Inc. | *† | | | 1,800 | | | | 8,982 | |
| Clear Channel Outdoor Holdings, Inc., Class A | * | | | 2,500 | | | | 21,700 | |
| Comcast Corp., Class A | | | | 96,846 | | | | 1,682,215 | |
| Crown Media Holdings, Inc., Class A | *† | | | 5,899 | | | | 10,382 | |
| Cumulus Media, Inc., Class A | *† | | | 2,174 | | | | 5,805 | |
| DIRECTV, Class A | * | | | 35,852 | | | | 1,216,100 | |
| Discovery Communications, Inc., Class A | *† | | | 5,451 | | | | 194,655 | |
| Discovery Communications, Inc., Series C | * | | | 303 | | | | 9,372 | |
| DISH Network Corp., Class A | | | | 4,775 | | | | 86,666 | |
| DreamWorks Animation SKG, Inc., Class A | * | | | 1,300 | | | | 37,115 | |
| E.W. Scripps Co., (The), Class A | * | | | 1,204 | | | | 8,946 | |
| EDCI Holdings, Inc. | * | | | 214 | | | | 768 | |
| Emmis Communications Corp., Class A | * | | | 1,175 | | | | 2,585 | |
| Entercom Communications Corp., Class A | *† | | | 2,183 | | | | 19,254 | |
| Entravision Communications Corp., Class A | * | | | 2,852 | | | | 6,018 | |
| Gannett Co., Inc. | | | | 7,301 | | | | 98,271 | |
| Gray Television, Inc. | * | | | 1,838 | | | | 4,430 | |
| Harris Interactive, Inc. | * | | | 2,730 | | | | 2,894 | |
| Harte-Hanks, Inc. | | | | 3,119 | | | | 32,594 | |
| Interactive Data Corp. | | | | 1,521 | | | | 50,771 | |
| Interpublic Group of Cos., Inc. (The) | * | | | 17,203 | | | | 122,657 | |
| John Wiley & Sons, Inc., Class A | | | | 2,491 | | | | 96,327 | |
| Journal Communications, Inc., Class A | * | | | 3,900 | | | | 15,483 | |
| Lamar Advertising Co., Class A | * | | | 3,479 | | | | 85,305 | |
| Lee Enterprises, Inc. | *† | | | 1,973 | | | | 5,071 | |
| Liberty Global, Inc., Series A | *† | | | 2,989 | | | | 77,684 | |
| Liberty Media Corp. - Capital, Series A | * | | | 5,451 | | | | 228,451 | |
| Liberty Media Corp. - Starz, Series A | * | | | 2,180 | | | | 113,011 | |
| LIN TV Corp., Class A | * | | | 1,419 | | | | 7,677 | |
| Live Nation Entertainment, Inc. | * | | | 5,485 | | | | 57,318 | |
| LodgeNet Interactive Corp. | *† | | | 1,250 | | | | 4,637 | |
| Madison Square Garden, Inc., Class A | * | | | 2,261 | | | | 44,474 | |
| McClatchy Co. (The), Class A | *† | | | 2,444 | | | | 8,896 | |
| McGraw-Hill Cos., Inc. (The) | | | | 9,601 | | | | 270,172 | |
| Media General, Inc., Class A | *† | | | 952 | | | | 9,292 | |
| Mediacom Communications Corp., Class A | * | | | 3,433 | | | | 23,070 | |
| Meredith Corp. | | | | 2,083 | | | | 64,844 | |
| National CineMedia, Inc. | | | | 2,226 | | | | 37,085 | |
| New Frontier Media, Inc. | * | | | 3,808 | | | | 6,131 | |
| New York Times Co. (The), Class A | * | | | 5,682 | | | | 49,149 | |
| News Corp., Class A | | | | 77,119 | | | | 922,343 | |
| Omnicom Group, Inc. | | | | 9,924 | | | | 340,393 | |
| Playboy Enterprises, Inc., Class B | * | | | 1,251 | | | | 5,254 | |
| PRIMEDIA, Inc. | | | | 1,475 | | | | 4,322 | |
| Radio Unica Communications Corp. | *‡d | | | 1,900 | | | | — | |
| RCN Corp. | * | | | 2,597 | | | | 38,462 | |
| Regal Entertainment Group, Class A | | | | 2,743 | | | | 35,769 | |
| Salem Communications Corp., Class A | * | | | 850 | | | | 3,153 | |
| Scholastic Corp. | † | | | 1,845 | | | | 44,501 | |
| Scripps Networks Interactive, Inc., Class A | | | | 3,612 | | | | 145,708 | |
| Sinclair Broadcast Group, Inc., Class A | * | | | 2,049 | | | | 11,946 | |
| Sirius XM Radio, Inc. | *† | | | 88,505 | | | | 84,035 | |
| Time Warner Cable, Inc. | | | | 11,285 | | | | 587,723 | |
| Time Warner, Inc. | | | | 40,699 | | | | 1,176,608 | |
| Valassis Communications, Inc. | * | | | 2,236 | | | | 70,926 | |
| Value Line, Inc. | | | | 573 | | | | 10,394 | |
| Viacom, Inc., Class B | | | | 19,762 | | | | 619,934 | |
| Virgin Media, Inc. | | | | 10,479 | | | | 174,895 | |
| Walt Disney Co. (The) | | | | 69,837 | | | | 2,199,865 | |
| Washington Post Co. (The), Class B | | | | 258 | | | | 105,904 | |
| World Wrestling Entertainment, Inc., Class A | † | | | 1,030 | | | | 16,027 | |
| | | | | | | | | 12,058,611 | |
| |
Metals & Mining—1.1% |
| AK Steel Holding Corp. | | | | 5,009 | | | | 59,707 | |
| Alcoa, Inc. | | | | 44,044 | | | | 443,083 | |
| Allegheny Technologies, Inc. | | | | 3,350 | | | | 148,036 | |
| AMCOL International Corp. | | | | 1,186 | | | | 27,871 | |
| Brush Engineered Materials, Inc. | * | | | 1,122 | | | | 22,418 | |
| Carpenter Technology Corp. | | | | 1,882 | | | | 61,786 | |
| Century Aluminum Co. | * | | | 865 | | | | 7,638 | |
| Cliffs Natural Resources, Inc. | | | | 4,072 | | | | 192,036 | |
| Coeur d’Alene Mines Corp. | * | | | 2,145 | | | | 33,848 | |
| Commercial Metals Co. | | | | 4,080 | | | | 53,938 | |
| Compass Minerals International, Inc. | † | | | 1,915 | | | | 134,586 | |
| Freeport-McMoRan Copper & Gold, Inc. | | | | 16,587 | | | | 980,789 | |
| Hecla Mining Co. | *† | | | 4,124 | | | | 21,527 | |
| Newmont Mining Corp. | | | | 18,360 | | | | 1,133,546 | |
| Nucor Corp. | | | | 10,963 | | | | 419,664 | |
| Reliance Steel & Aluminum Co. | | | | 2,966 | | | | 107,221 | |
| Rock of Ages Corp. | * | | | 1,387 | | | | 5,631 | |
| Royal Gold, Inc. | | | | 1,153 | | | | 55,344 | |
| RTI International Metals, Inc. | * | | | 1,363 | | | | 32,862 | |
| Schnitzer Steel Industries, Inc., Class A | | | | 693 | | | | 27,166 | |
| Southern Copper Corp. | | | | 8,700 | | | | 230,898 | |
| Steel Dynamics, Inc. | | | | 8,080 | | | | 106,575 | |
| Stillwater Mining Co. | * | | | 3,727 | | | | 43,308 | |
| Titanium Metals Corp. | * | | | 5,344 | | | | 94,001 | |
| United States Steel Corp. | † | | | 5,607 | | | | 216,150 | |
| Walter Energy, Inc. | | | | 1,840 | | | | 111,964 | |
| Worthington Industries, Inc. | | | | 3,575 | | | | 45,974 | |
| | | | | | | | | | | | | | 4,817,567 | |
See accompanying notes to financial statements.
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Multiline Retail—0.8% |
| 99 Cents Only Stores | * | | | 3,207 | | | $ | 47,464 | |
| Big Lots, Inc. | * | | | 3,509 | | | | 112,604 | |
| Dillard’s, Inc., Class A | † | | | 3,454 | | | | 74,261 | |
| Dollar Tree, Inc. | * | | | 4,701 | | | | 195,703 | |
| Family Dollar Stores, Inc. | | | | 3,743 | | | | 141,074 | |
| Fred’s, Inc., Class A | † | | | 1,781 | | | | 19,698 | |
| J.C. Penney Co., Inc. | | | | 7,928 | | | | 170,293 | |
| Kohl’s Corp. | * | | | 10,240 | | | | 486,400 | |
| Macy’s, Inc. | | | | 16,688 | | | | 298,715 | |
| Nordstrom, Inc. | | | | 6,901 | | | | 222,143 | |
| Retail Ventures, Inc. | * | | | 1,372 | | | | 10,729 | |
| Saks, Inc. | *† | | | 5,811 | | | | 44,105 | |
| Sears Holdings Corp. | *† | | | 3,097 | | | | 200,221 | |
| Target Corp. | | | | 24,202 | | | | 1,190,012 | |
| Tuesday Morning Corp. | * | | | 1,816 | | | | 7,246 | |
| | | | | | | | | | | | | | 3,220,668 | |
| |
Multi-Utilities—1.3% |
| Alliant Energy Corp. | | | | 4,491 | | | | 142,544 | |
| Ameren Corp. | | | | 8,429 | | | | 200,357 | |
| Avista Corp. | | | | 1,759 | | | | 34,353 | |
| Black Hills Corp. | | | | 2,041 | | | | 58,107 | |
| CenterPoint Energy, Inc. | | | | 12,705 | | | | 167,198 | |
| CH Energy Group, Inc. | | | | 694 | | | | 27,233 | |
| CMS Energy Corp. | † | | | 6,681 | | | | 97,877 | |
| Consolidated Edison, Inc. | | | | 10,967 | | | | 472,678 | |
| Dominion Resources, Inc. | | | | 21,781 | | | | 843,796 | |
| DTE Energy Co. | † | | | 6,985 | | | | 318,586 | |
| Integrys Energy Group, Inc. | † | | | 2,691 | | | | 117,704 | |
| MDU Resources Group, Inc. | | | | 7,657 | | | | 138,056 | |
| NiSource, Inc. | | | | 10,893 | | | | 157,949 | |
| NorthWestern Corp. | † | | | 1,449 | | | | 37,964 | |
| NSTAR | † | | | 4,374 | | | | 153,090 | |
| OGE Energy Corp. | | | | 3,358 | | | | 122,768 | |
| PG&E Corp. | | | | 13,909 | | | | 571,660 | |
| Public Service Enterprise Group, Inc. | | | | 16,262 | | | | 509,488 | |
| SCANA Corp. | | | | 4,791 | | | | 171,326 | |
| Sempra Energy | | | | 6,698 | | | | 313,399 | |
| TECO Energy, Inc. | | | | 7,797 | | | | 117,501 | |
| Vectren Corp. | † | | | 3,706 | | | | 87,684 | |
| Wisconsin Energy Corp. | | | | 4,564 | | | | 231,577 | |
| Xcel Energy, Inc. | | | | 16,552 | | | | 341,137 | |
| | | | | | | | | | | | | | 5,434,032 | |
| |
Office Electronics—0.1% |
| Xerox Corp. | | | | 47,538 | | | | 382,205 | |
| Zebra Technologies Corp., Class A | *† | | | 2,988 | | | | 75,806 | |
| | | | | | | | | | | | | | 458,011 | |
| |
Oil, Gas & Consumable Fuels—8.2% |
| Adams Resources & Energy, Inc. | | | | 1,462 | | | | 26,316 | |
| Alpha Natural Resources, Inc. | * | | | 5,222 | | | | 176,869 | |
| Anadarko Petroleum Corp. | | | | 19,446 | | | | 701,806 | |
| Apache Corp. | | | | 12,618 | | | | 1,062,309 | |
| Apco Oil and Gas International, Inc. | † | | | 2,488 | | | | 58,493 | |
| Arch Coal, Inc. | | | | 5,284 | | | | 104,676 | |
| Arena Resources, Inc. | * | | | 1,202 | | | | 38,344 | |
| Atlas Energy, Inc. | * | | | 2,578 | | | | 69,786 | |
| ATP Oil & Gas Corp. | *† | | | 685 | | | | 7,254 | |
| Berry Petroleum Co., Class A | † | | | 2,902 | | | | 74,639 | |
| Blue Dolphin Energy Co. | * | | | 3,650 | | | | 1,314 | |
| BP Prudhoe Bay Royalty Trust | | | | 1,105 | | | | 98,511 | |
| BPZ Resources, Inc. | *† | | | 4,003 | | | | 16,612 | |
| Cabot Oil & Gas Corp. | | | | 4,548 | | | | 142,443 | |
| Callon Petroleum Co. | *† | | | 779 | | | | 4,908 | |
| Carrizo Oil & Gas, Inc. | * | | | 1,800 | | | | 27,954 | |
| Chesapeake Energy Corp. | | | | 24,112 | | | | 505,146 | |
| Chevron Corp. | | | | 77,489 | | | | 5,258,404 | |
| Cimarex Energy Co. | | | | 2,681 | | | | 191,906 | |
| Clayton Williams Energy, Inc. | * | | | 550 | | | | 23,166 | |
| Comstock Resources, Inc. | * | | | 1,735 | | | | 48,094 | |
| Concho Resources, Inc. | * | | | 1,982 | | | | 109,664 | |
| ConocoPhillips | | | | 57,271 | | | | 2,811,433 | |
| CONSOL Energy, Inc. | | | | 7,662 | | | | 258,669 | |
| Contango Oil & Gas Co. | * | | | 902 | | | | 40,365 | |
| Continental Resources, Inc. | * | | | 3,671 | | | | 163,800 | |
| Cross Timbers Royalty Trust | | | | 575 | | | | 19,981 | |
| Crosstex Energy, Inc. | * | | | 2,100 | | | | 13,461 | |
| CVR Energy, Inc. | * | | | 5,235 | | | | 39,367 | |
| Delta Petroleum Corp. | *† | | | 2,709 | | | | 2,330 | |
| Denbury Resources, Inc. | * | | | 16,015 | | | | 234,460 | |
| Devon Energy Corp. | | | | 13,194 | | | | 803,778 | |
| DHT Holdings, Inc. (Jersey, Channel Islands) | | | | 4,173 | | | | 16,066 | |
| El Paso Corp. | | | | 25,233 | | | | 280,339 | |
| EOG Resources, Inc. | | | | 8,525 | | | | 838,604 | |
| Evergreen Energy, Inc. | * | | | 4,989 | | | | 529 | |
| EXCO Resources, Inc. | | | | 8,720 | | | | 127,399 | |
| Exxon Mobil Corp. | | | | 198,696 | | | | 11,339,599 | |
| Forest Oil Corp. | *† | | | 3,820 | | | | 104,515 | |
| Frontier Oil Corp. | | | | 4,576 | | | | 61,547 | |
| FX Energy, Inc. | * | | | 3,496 | | | | 12,656 | |
| General Maritime Corp. | † | | | 2,541 | | | | 15,348 | |
| GMX Resources, Inc. | *† | | | 1,297 | | | | 8,418 | |
| Goodrich Petroleum Corp. | *† | | | 1,566 | | | | 18,792 | |
| Hess Corp. | | | | 10,275 | | | | 517,244 | |
| Holly Corp. | † | | | 1,972 | �� | | | 52,416 | |
| Hugoton Royalty Trust | | | | 1,669 | | | | 31,678 | |
| International Coal Group, Inc. | * | | | 4,900 | | | | 18,865 | |
| James River Coal Co. | * | | | 1,500 | | | | 23,880 | |
| Marathon Oil Corp. | | | | 23,134 | | | | 719,236 | |
| Mariner Energy, Inc. | * | | | 3,261 | | | | 70,046 | |
| Massey Energy Co. | | | | 3,053 | | | | 83,500 | |
| McMoRan Exploration Co. | *† | | | 2,961 | | | | 32,897 | |
| Murphy Oil Corp. | | | | 5,804 | | | | 287,588 | |
| Newfield Exploration Co. | * | | | 5,246 | | | | 256,320 | |
| Noble Energy, Inc. | | | | 4,966 | | | | 299,599 | |
| Occidental Petroleum Corp. | | | | 31,203 | | | | 2,407,311 | |
| Overseas Shipholding Group, Inc. | | | | 1,587 | | | | 58,783 | |
| Patriot Coal Corp. | * | | | 2,992 | | | | 35,156 | |
| Peabody Energy Corp. | | | | 10,624 | | | | 415,717 | |
| Penn Virginia Corp. | | | | 1,433 | | | | 28,818 | |
| Petrohawk Energy Corp. | * | | | 10,513 | | | | 178,406 | |
| Petroleum Development Corp. | * | | | 1,250 | | | | 32,025 | |
| Petroquest Energy, Inc. | *† | | | 3,346 | | | | 22,619 | |
| Pioneer Natural Resources Co. | | | | 5,801 | | | | 344,869 | |
| Plains Exploration & Production Co. | * | | | 5,227 | | | | 107,728 | |
| Quicksilver Resources, Inc. | * | | | 3,960 | | | | 43,560 | |
| Range Resources Corp. | | | | 5,516 | | | | 221,467 | |
| Rentech, Inc. | *† | | | 7,800 | | | | 7,722 | |
| Rosetta Resources, Inc. | *† | | | 3,400 | | | | 67,354 | |
| SandRidge Energy, Inc. | *† | | | 3,220 | | | | 18,773 | |
| Ship Finance International Ltd. (Bermuda) | † | | | 3,352 | | | | 59,934 | |
| SM Energy Co. | | | | 2,262 | | | | 90,842 | |
| Southern Union Co. | | | | 3,367 | | | | 73,603 | |
See accompanying notes to financial statements.
199
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
| Southwestern Energy Co. | * | | | 12,344 | | | $ | 476,972 | |
| Spectra Energy Corp. | | | | 23,691 | | | | 475,478 | |
| Stone Energy Corp. | *† | | | 1,208 | | | | 13,481 | |
| Sunoco, Inc. | | | | 5,446 | | | | 189,357 | |
| Swift Energy Co. | *† | | | 1,142 | | | | 30,731 | |
| Syntroleum Corp. | *† | | | 1,246 | | | | 2,043 | |
| Teekay Corp. (Canada) | | | | 1,691 | | | | 44,253 | |
| Tesoro Corp. | † | | | 6,846 | | | | 79,893 | |
| Ultra Petroleum Corp. | * | | | 6,082 | | | | 269,129 | |
| USEC, Inc. | * | | | 7,347 | | | | 34,972 | |
| Vaalco Energy, Inc. | * | | | 3,800 | | | | 21,280 | |
| Valero Energy Corp. | | | | 22,004 | | | | 395,632 | |
| Verenium Corp. | *† | | | 149 | | | | 350 | |
| Warren Resources, Inc. | * | | | 3,600 | | | | 10,440 | |
| Western Refining, Inc. | *† | | | 2,500 | | | | 12,575 | |
| Whiting Petroleum Corp. | * | | | 1,242 | | | | 97,398 | |
| Williams Cos., Inc. (The) | | | | 24,207 | | | | 442,504 | |
| World Fuel Services Corp. | | | | 1,920 | | | | 49,805 | |
| | | | | | | | | | | | | | 35,214,319 | |
| |
Paper & Forest Products—0.2% |
| Buckeye Technologies, Inc. | * | | | 1,251 | | | | 12,448 | |
| Clearwater Paper Corp. | * | | | 462 | | | | 25,299 | |
| Deltic Timber Corp. | | | | 724 | | | | 30,263 | |
| Domtar Corp. (Canada) | | | | 1,388 | | | | 68,220 | |
| International Paper Co. | | | | 14,370 | | | | 325,193 | |
| Louisiana-Pacific Corp. | * | | | 4,396 | | | | 29,409 | |
| MeadWestvaco Corp. | | | | 6,398 | | | | 142,036 | |
| Neenah Paper, Inc. | † | | | 652 | | | | 11,932 | |
| P.H. Glatfelter Co. | | | | 1,740 | | | | 18,879 | |
| Schweitzer-Mauduit International, Inc. | † | | | 724 | | | | 36,526 | |
| Wausau Paper Corp. | * | | | 1,903 | | | | 12,883 | |
| Weyerhaeuser Co. | | | | 6,741 | | | | 237,283 | |
| | | | | | | | | | | | | | 950,371 | |
| |
Personal Products—0.2% |
| Alberto-Culver Co. | | | | 3,659 | | | | 99,122 | |
| Avon Products, Inc. | | | | 14,351 | | | | 380,302 | |
| Elizabeth Arden, Inc. | * | | | 1,017 | | | | 14,767 | |
| Estee Lauder Cos., Inc. (The), Class A | | | | 3,747 | | | | 208,820 | |
| Herbalife Ltd. (Cayman Islands) | | | | 848 | | | | 39,050 | |
| Medifast, Inc. | *† | | | 734 | | | | 19,018 | |
| NBTY, Inc. | * | | | 2,664 | | | | 90,603 | |
| Nu Skin Enterprises, Inc., Class A | | | | 3,018 | | | | 75,239 | |
| USANA Health Sciences, Inc. | * | | | 593 | | | | 21,662 | |
| | | | | | | | | | | | | | 948,583 | |
| |
Pharmaceuticals—5.3% |
| Abbott Laboratories | | | | 60,075 | | | | 2,810,309 | |
| Adolor Corp. | * | | | 1,927 | | | | 2,100 | |
| Allergan, Inc. | | | | 12,063 | | | | 702,790 | |
| AVANIR Pharmaceuticals, Inc., Class A | * | | | 1,500 | | | | 3,855 | |
| Bristol-Myers Squibb Co. | | | | 72,112 | | | | 1,798,473 | |
| Columbia Laboratories, Inc. | *† | | | 1,819 | | | | 1,928 | |
| CPEX Pharmaceuticals, Inc. | * | | | 71 | | | | 1,882 | |
| Cypress Bioscience, Inc. | *† | | | 1,560 | | | | 3,588 | |
| Durect Corp. | * | | | 1,900 | | | | 4,617 | |
| Eli Lilly & Co. | | | | 32,239 | | | | 1,080,007 | |
| Emisphere Technologies, Inc. | *† | | | 772 | | | | 2,424 | |
| Endo Pharmaceuticals Holdings, Inc. | * | | | 4,151 | | | | 90,575 | |
| Forest Laboratories, Inc. | * | | | 9,208 | | | | 252,575 | |
| Harbor BioSciences, Inc. | * | | | 954 | | | | 258 | |
| Heska Corp. | * | | | 4,462 | | | | 2,811 | |
| Hi-Tech Pharmacal Co., Inc. | * | | | 862 | | | | 19,748 | |
| Inspire Pharmaceuticals, Inc. | *† | | | 1,369 | | | | 6,831 | |
| Johnson & Johnson | | | | 107,282 | | | | 6,336,075 | |
| King Pharmaceuticals, Inc. | * | | | 10,009 | | | | 75,968 | |
| KV Pharmaceutical Co., Class A | *† | | | 2,179 | | | | 1,830 | |
| Medicines Co. (The) | * | | | 2,018 | | | | 15,357 | |
| Medicis Pharmaceutical Corp., Class A | | | | 2,564 | | | | 56,100 | |
| Merck & Co., Inc. | | | | 112,441 | | | | 3,932,062 | |
| Mylan, Inc. | *† | | | 10,972 | | | | 186,963 | |
| Nektar Therapeutics | *† | | | 2,368 | | | | 28,653 | |
| Optimer Pharmaceuticals, Inc. | *† | | | 2,592 | | | | 24,028 | |
| Pain Therapeutics, Inc. | * | | | 1,318 | | | | 7,328 | |
| Par Pharmaceutical Cos., Inc. | *† | | | 1,362 | | | | 35,358 | |
| Penwest Pharmaceuticals Co. | *† | | | 930 | | | | 3,069 | |
| Perrigo Co. | † | | | 3,119 | | | | 184,239 | |
| Pfizer, Inc. | | | | 319,954 | | | | 4,562,544 | |
| Pozen, Inc. | *† | | | 1,014 | | | | 7,108 | |
| Questcor Pharmaceuticals, Inc. | *† | | | 4,217 | | | | 43,056 | |
| Salix Pharmaceuticals Ltd. | * | | | 2,346 | | | | 91,564 | |
| SuperGen, Inc. | * | | | 1,338 | | | | 2,703 | |
| Valeant Pharmaceuticals International | * | | | 3,473 | | | | 181,603 | |
| Viropharma, Inc. | * | | | 4,061 | | | | 45,524 | |
| Vivus, Inc. | *† | | | 1,630 | | | | 15,648 | |
| Watson Pharmaceuticals, Inc. | * | | | 4,630 | | | | 187,839 | |
| XenoPort, Inc. | * | | | 1,939 | | | | 19,022 | |
| | | | | | | | | | | | | | 22,828,412 | |
| |
Professional Services—0.3% |
| Administaff, Inc. | | | | 1,143 | | | | 27,615 | |
| Advisory Board Co. (The) | * | | | 950 | | | | 40,812 | |
| Barrett Business Services, Inc. | | | | 2,203 | | | | 27,317 | |
| CDI Corp. | † | | | 1,131 | | | | 17,564 | |
| Corporate Executive Board Co. (The) | | | | 1,507 | | | | 39,589 | |
| CoStar Group, Inc. | * | | | 770 | | | | 29,876 | |
| CRA International, Inc. | *† | | | 986 | | | | 18,566 | |
| Diamond Management & Technology Consultants, Inc. | | | | 1,431 | | | | 14,754 | |
| Dun & Bradstreet Corp. | | | | 1,546 | | | | 103,767 | |
| Equifax, Inc. | | | | 2,521 | | | | 70,739 | |
| FTI Consulting, Inc. | * | | | 1,735 | | | | 75,629 | |
| Heidrick & Struggles International, Inc. | † | | | 865 | | | | 19,739 | |
| Huron Consulting Group, Inc. | * | | | 988 | | | | 19,177 | |
| IHS, Inc., Class A | *† | | | 1,414 | | | | 82,606 | |
| Kelly Services, Inc., Class A | * | | | 1,173 | | | | 17,442 | |
| Kforce, Inc. | * | | | 297 | | | | 3,787 | |
| Korn/Ferry International | * | | | 1,624 | | | | 22,574 | |
| Manpower, Inc. | | | | 3,593 | | | | 155,146 | |
| Navigant Consulting, Inc. | * | | | 2,313 | | | | 24,009 | |
| On Assignment, Inc. | * | | | 1,243 | | | | 6,252 | |
| RCM Technologies, Inc. | * | | | 1,593 | | | | 7,121 | |
| Resources Connection, Inc. | * | | | 2,060 | | | | 28,016 | |
| Robert Half International, Inc. | | | | 3,922 | | | | 92,363 | |
| School Specialty, Inc. | * | | | 854 | | | | 15,432 | |
| SFN Group, Inc. | * | | | 2,689 | | | | 14,682 | |
| Towers Watson & Co., Class A | | | | 1,600 | | | | 62,160 | |
| TrueBlue, Inc. | * | | | 2,485 | | | | 27,807 | |
| Verisk Analytics, Inc., Class A | * | | | 4,073 | | | | 121,783 | |
| Volt Information Sciences, Inc. | * | | | 1,249 | | | | 10,492 | |
| | | | | | | | | | | | | | 1,196,816 | |
See accompanying notes to financial statements.
200
SCHEDULE OF INVESTMENTS—(Continued)
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COMMON STOCKS—(Continued) |
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Real Estate Investment Trusts (REITs)—2.4% |
| Acadia Realty Trust REIT | | | | 1,368 | | | $ | 23,010 | |
| Agree Realty Corp. REIT | | | | 814 | | | | 18,982 | |
| Alexander’s, Inc. REIT | | | | 78 | | | | 23,628 | |
| Alexandria Real Estate Equities, Inc. REIT | | | | 1,245 | | | | 78,896 | |
| AMB Property Corp. REIT | | | | 6,265 | | | | 148,543 | |
| American Campus Communities, Inc. REIT | | | | 1,699 | | | | 46,366 | |
| Annaly Capital Management, Inc. REIT | | | | 22,691 | | | | 389,151 | |
| Anworth Mortgage Asset Corp. REIT | | | | 18,790 | | | | 133,785 | |
| Apartment Investment & Management Co., Class A REIT | | | | 5,659 | | | | 109,615 | |
| Ashford Hospitality Trust, Inc. REIT | * | | | 4,200 | | | | 30,786 | |
| AvalonBay Communities, Inc. REIT | † | | | 3,314 | | | | 309,428 | |
| BioMed Realty Trust, Inc. REIT | † | | | 1,400 | | | | 22,526 | |
| Boston Properties, Inc. REIT | † | | | 4,700 | | | | 335,298 | |
| Brandywine Realty Trust REIT | | | | 6,105 | | | | 65,629 | |
| BRE Properties, Inc. REIT | † | | | 2,433 | | | | 89,851 | |
| BRT Realty Trust REIT | * | | | 421 | | | | 2,484 | |
| Camden Property Trust REIT | | | | 2,058 | | | | 84,069 | |
| Capital Trust, Inc., Class A REIT | *† | | | 523 | | | | 863 | |
| Capstead Mortgage Corp. REIT | | | | 2,400 | | | | 26,544 | |
| CBL & Associates Properties, Inc. REIT | | | | 10,788 | | | | 134,203 | |
| Cedar Shopping Centers, Inc. REIT | | | | 583 | | | �� | 3,510 | |
| Chimera Investment Corp. REIT | | | | 26,811 | | | | 96,788 | |
| Cohen & Co., Inc. REIT | *† | | | 421 | | | | 2,105 | |
| Colonial Properties Trust REIT | | | | 1,962 | | | | 28,508 | |
| Corporate Office Properties Trust REIT | | | | 1,904 | | | | 71,895 | |
| Cousins Properties, Inc. REIT | | | | 2,458 | | | | 16,567 | |
| DCT Industrial Trust, Inc. REIT | † | | | 6,576 | | | | 29,723 | |
| Developers Diversified Realty Corp. REIT | | | | 5,227 | | | | 51,747 | |
| DiamondRock Hospitality Co. REIT | * | | | 4,047 | | | | 33,266 | |
| Digital Realty Trust, Inc. REIT | † | | | 2,000 | | | | 115,360 | |
| Douglas Emmett, Inc. REIT | † | | | 4,212 | | | | 59,895 | |
| Duke Realty Corp. REIT | | | | 5,609 | | | | 63,662 | |
| DuPont Fabros Technology, Inc. REIT | | | | 4,666 | | | | 114,597 | |
| EastGroup Properties, Inc. REIT | † | | | 1,538 | | | | 54,722 | |
| Entertainment Properties Trust REIT | | | | 2,733 | | | | 104,045 | |
| Equity Lifestyle Properties, Inc. REIT | | | | 1,140 | | | | 54,982 | |
| Equity One, Inc. REIT | | | | 2,619 | | | | 40,856 | |
| Equity Residential REIT | | | | 11,387 | | | | 474,155 | |
| Essex Property Trust, Inc. REIT | † | | | 807 | | | | 78,715 | |
| Extra Space Storage, Inc. REIT | | | | 3,500 | | | | 48,650 | |
| Federal Realty Investment Trust REIT | | | | 2,295 | | | | 161,270 | |
| FelCor Lodging Trust, Inc. REIT | * | | | 3,135 | | | | 15,644 | |
| First Industrial Realty Trust, Inc. REIT | * | | | 1,599 | | | | 7,707 | |
| First Potomac Realty Trust REIT | † | | | 1,628 | | | | 23,394 | |
| Franklin Street Properties Corp. REIT | | | | 2,200 | | | | 25,982 | |
| Getty Realty Corp. REIT | † | | | 1,747 | | | | 39,150 | |
| Glimcher Realty Trust REIT | | | | 1,584 | | | | 9,472 | |
| Gramercy Capital Corp. REIT | * | | | 2,182 | | | | 2,749 | |
| Hatteras Financial Corp. REIT | † | | | 1,935 | | | | 53,832 | |
| HCP, Inc. REIT | | | | 11,075 | | | | 357,169 | |
| Health Care REIT, Inc. REIT | | | | 3,657 | | | | 154,033 | |
| Healthcare Realty Trust, Inc. REIT | | | | 1,881 | | | | 41,326 | |
| Highwoods Properties, Inc. REIT | † | | | 2,393 | | | | 66,430 | |
| Home Properties, Inc. REIT | † | | | 1,390 | | | | 62,647 | |
| Hospitality Properties Trust REIT | | | | 2,923 | | | | 61,675 | |
| Host Hotels & Resorts, Inc. REIT | | | | 21,796 | | | | 293,810 | |
| HRPT Properties Trust REIT | * | | | 9,142 | | | | 56,772 | |
| Inland Real Estate Corp. REIT | | | | 2,302 | | | | 18,232 | |
| Investors Real Estate Trust REIT | | | | 2,989 | | | | 26,393 | |
| iStar Financial, Inc. REIT | *† | | | 4,331 | | | | 19,316 | |
| Kilroy Realty Corp. REIT | † | | | 1,316 | | | | 39,125 | |
| Kimco Realty Corp. REIT | | | | 15,341 | | | | 206,183 | |
| Kite Realty Group Trust REIT | † | | | 2,654 | | | | 11,094 | |
| LaSalle Hotel Properties REIT | † | | | 1,561 | | | | 32,110 | |
| Lexington Realty Trust REIT | | | | 1,570 | | | | 9,436 | |
| Liberty Property Trust REIT | † | | | 3,372 | | | | 97,282 | |
| LTC Properties, Inc. REIT | † | | | 2,385 | | | | 57,884 | |
| Macerich Co. (The) REIT | | | | 3,209 | | | | 119,760 | |
| Mack-Cali Realty Corp. REIT | | | | 2,488 | | | | 73,968 | |
| Medical Properties Trust, Inc. REIT | | | | 3,172 | | | | 29,944 | |
| MFA Financial, Inc. REIT | | | | 10,801 | | | | 79,927 | |
| Mid-America Apartment Communities, Inc. REIT | † | | | 1,240 | | | | 63,823 | |
| Mission West Properties, Inc. REIT | † | | | 1,417 | | | | 9,664 | |
| Monmouth Real Estate Investment Corp., Class A REIT | | | | 3,275 | | | | 24,202 | |
| MPG Office Trust, Inc. REIT | *† | | | 1,199 | | | | 3,513 | |
| National Health Investors, Inc. REIT | | | | 979 | | | | 37,750 | |
| National Retail Properties, Inc. REIT | † | | | 2,356 | | | | 50,513 | |
| Nationwide Health Properties, Inc. REIT | | | | 3,720 | | | | 133,064 | |
| Newcastle Investment Corp. REIT | *† | | | 754 | | | | 2,021 | |
| NorthStar Realty Finance Corp. REIT | † | | | 4,388 | | | | 11,716 | |
| Omega Healthcare Investors, Inc. REIT | | | | 4,100 | | | | 81,713 | |
| Parkway Properties, Inc. REIT | † | | | 986 | | | | 14,366 | |
| Pennsylvania Real Estate Investment Trust REIT | | | | 1,510 | | | | 18,452 | |
| Plum Creek Timber Co., Inc. REIT | † | | | 7,429 | | | | 256,523 | |
| PMC Commercial Trust REIT | | | | 865 | | | | 7,076 | |
| Post Properties, Inc. REIT | | | | 2,078 | | | | 47,233 | |
See accompanying notes to financial statements.
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| Potlatch Corp. REIT | | | | 1,618 | | | $ | 57,811 | |
| ProLogis REIT | † | | | 18,290 | | | | 185,278 | |
| PS Business Parks, Inc. REIT | | | | 599 | | | | 33,412 | |
| Public Storage REIT | | | | 5,209 | | | | 457,923 | |
| RAIT Financial Trust REIT | *† | | | 991 | | | | 1,853 | |
| Ramco-Gershenson Properties Trust REIT | | | | 1,275 | | | | 12,877 | |
| Rayonier, Inc. REIT | | | | 3,336 | | | | 146,851 | |
| Realty Income Corp. REIT | † | | | 4,138 | | | | 125,505 | |
| Redwood Trust, Inc. REIT | | | | 1,008 | | | | 14,757 | |
| Regency Centers Corp. REIT | | | | 2,745 | | | | 94,428 | |
| Saul Centers, Inc. REIT | | | | 987 | | | | 40,102 | |
| Senior Housing Properties Trust REIT | † | | | 3,680 | | | | 74,005 | |
| Simon Property Group, Inc. REIT | | | | 11,699 | | | | 944,694 | |
| SL Green Realty Corp. REIT | | | | 2,185 | | | | 120,262 | |
| Sovran Self Storage, Inc. REIT | | | | 1,269 | | | | 43,692 | |
| Strategic Hotels & Resorts, Inc. REIT | * | | | 2,904 | | | | 12,748 | |
| Sun Communities, Inc. REIT | | | | 1,061 | | | | 27,544 | |
| Sunstone Hotel Investors, Inc. REIT | * | | | 2,559 | | | | 25,411 | |
| Tanger Factory Outlet Centers, Inc. REIT | | | | 1,221 | | | | 50,525 | |
| Taubman Centers, Inc. REIT | † | | | 2,083 | | | | 78,383 | |
| UDR, Inc. REIT | | | | 6,077 | | | | 116,253 | |
| Universal Health Realty Income Trust REIT | | | | 1,333 | | | | 42,829 | |
| U-Store-It Trust REIT | | | | 3,600 | | | | 26,856 | |
| Ventas, Inc. REIT | | | | 6,235 | | | | 292,733 | |
| Vornado Realty Trust REIT | | | | 6,664 | | | | 486,139 | |
| Walter Investment Management Corp. REIT | | | | 598 | | | | 9,777 | |
| Washington Real Estate Investment Trust REIT | † | | | 1,834 | | | | 50,600 | |
| Weingarten Realty Investors REIT | † | | | 3,474 | | | | 66,180 | |
| | | | | | | | | | | | | | 10,272,178 | |
| |
Real Estate Management & Development—0.2% |
| Altisource Portfolio Solutions SA (Luxembourg) | * | | | 1,119 | | | | 27,684 | |
| Brookfield Properties Corp. | † | | | 15,325 | | | | 215,163 | |
| CB Richard Ellis Group, Inc., Class A | * | | | 6,900 | | | | 93,909 | |
| Forest City Enterprises, Inc., Class A | * | | | 9,240 | | | | 104,597 | |
| Forestar Group, Inc. | * | | | 1,502 | | | | 26,976 | |
| Grubb & Ellis Co. | *† | | | 652 | | | | 639 | |
| Jones Lang LaSalle, Inc. | | | | 1,311 | | | | 86,054 | |
| St. Joe Co. (The) | *† | | | 3,582 | | | | 82,959 | |
| Tejon Ranch Co. | *† | | | 858 | | | | 19,803 | |
| | | | | | | | | | | | | | 657,784 | |
| |
Road & Rail—0.8% |
| Amerco, Inc. | * | | | 805 | | | | 44,315 | |
| Arkansas Best Corp. | | | | 903 | | | | 18,737 | |
| Avis Budget Group, Inc. | * | | | 4,424 | | | | 43,444 | |
| Con-way, Inc. | | | | 2,160 | | | | 64,843 | |
| CSX Corp. | | | | 11,917 | | | | 591,441 | |
| Dollar Thrifty Automotive Group, Inc. | * | | | 1,057 | | | | 45,039 | |
| Genesee & Wyoming, Inc., Class A | * | | | 1,576 | | | | 58,801 | |
| Heartland Express, Inc. | | | | 4,220 | | | | 61,274 | |
| J.B. Hunt Transport Services, Inc. | | | | 1,317 | | | | 43,026 | |
| Kansas City Southern | * | | | 2,513 | | | | 91,348 | |
| Knight Transportation, Inc. | † | | | 3,879 | | | | 78,511 | |
| Landstar System, Inc. | | | | 2,256 | | | | 87,961 | |
| Norfolk Southern Corp. | | | | 12,380 | | | | 656,759 | |
| Old Dominion Freight Line, Inc. | * | | | 1,783 | | | | 62,655 | |
| PAM Transportation Services, Inc. | * | | | 338 | | | | 5,080 | |
| Ryder System, Inc. | | | | 2,660 | | | | 107,012 | |
| Saia, Inc. | *† | | | 1,662 | | | | 24,930 | |
| Union Pacific Corp. | | | | 17,538 | | | | 1,219,066 | |
| Werner Enterprises, Inc. | † | | | 2,915 | | | | 63,809 | |
| YRC Worldwide, Inc. | * | | | 2,278 | | | | 342 | |
| | | | | | | | | | | | | | 3,368,393 | |
| |
Semiconductors & Semiconductor Equipment—2.7% |
| Actel Corp. | *† | | | 1,140 | | | | 14,615 | |
| Advanced Energy Industries, Inc. | * | | | 1,428 | | | | 17,550 | |
| Advanced Micro Devices, Inc. | * | | | 21,447 | | | | 156,992 | |
| Aetrium, Inc. | * | | | 614 | | | | 1,996 | |
| Altera Corp. | | | | 6,689 | | | | 165,954 | |
| Amkor Technology, Inc. | *† | | | 7,211 | | | | 39,733 | |
| Anadigics, Inc. | * | | | 957 | | | | 4,173 | |
| Analog Devices, Inc. | | | | 7,450 | | | | 207,557 | |
| Applied Materials, Inc. | | | | 43,119 | | | | 518,290 | |
| Applied Micro Circuits Corp. | * | | | 3,186 | | | | 33,389 | |
| Atheros Communications, Inc. | * | | | 2,700 | | | | 74,358 | |
| Atmel Corp. | * | | | 18,733 | | | | 89,918 | |
| ATMI, Inc. | * | | | 1,559 | | | | 22,824 | |
| Axcelis Technologies, Inc. | * | | | 4,095 | | | | 6,347 | |
| AXT, Inc. | *† | | | 946 | | | | 4,266 | |
| Broadcom Corp., Class A | | | | 18,226 | | | | 600,911 | |
| Brooks Automation, Inc. | * | | | 3,103 | | | | 23,986 | |
| Cabot Microelectronics Corp. | * | | | 1,049 | | | | 36,285 | |
| Ceva, Inc. | * | | | 692 | | | | 8,719 | |
| Cirrus Logic, Inc. | * | | | 2,946 | | | | 46,576 | |
| Cohu, Inc. | | | | 859 | | | | 10,420 | |
| Conexant Systems, Inc. | * | | | 2,046 | | | | 4,583 | |
| Cree, Inc. | * | | | 3,097 | | | | 185,913 | |
| Cymer, Inc. | *† | | | 1,498 | | | | 45,000 | |
| Cypress Semiconductor Corp. | * | | | 4,876 | | | | 48,955 | |
| Diodes, Inc. | * | | | 2,400 | | | | 38,088 | |
| DSP Group, Inc. | *† | | | 1,194 | | | | 7,630 | |
| Energy Conversion Devices, Inc. | *† | | | 781 | | | | 3,202 | |
| Entegris, Inc. | * | | | 5,738 | | | | 22,780 | |
| Evergreen Solar, Inc. | *† | | | 6,400 | | | | 4,365 | |
| Exar Corp. | * | | | 1,758 | | | | 12,183 | |
| Fairchild Semiconductor International, Inc. | * | | | 4,903 | | | | 41,234 | |
| FEI Co. | * | | | 1,368 | | | | 26,963 | |
| First Solar, Inc. | *† | | | 2,540 | | | | 289,128 | |
| Formfactor, Inc. | * | | | 1,417 | | | | 15,304 | |
| FSI International, Inc. | * | | | 1,479 | | | | 6,197 | |
| Integrated Device Technology, Inc. | * | | | 8,168 | | | | 40,432 | |
| Integrated Silicon Solution, Inc. | *† | | | 1,269 | | | | 9,568 | |
| Intel Corp. | | | | 221,104 | | | | 4,300,473 | |
| International Rectifier Corp. | *† | | | 2,631 | | | | 48,963 | |
| Intersil Corp., Class A | | | | 5,757 | | | | 69,717 | |
| IXYS Corp. | * | | | 1,329 | | | | 11,748 | |
| KLA-Tencor Corp. | | | | 4,441 | | | | 123,815 | |
| Kopin Corp. | * | | | 2,431 | | | | 8,241 | |
See accompanying notes to financial statements.
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| Kulicke & Soffa Industries, Inc. | * | | | 2,008 | | | $ | 14,096 | |
| Lam Research Corp. | * | | | 2,890 | | | | 109,993 | |
| Lattice Semiconductor Corp. | * | | | 4,395 | | | | 19,074 | |
| Linear Technology Corp. | † | | | 5,243 | | | | 145,808 | |
| LSI Corp. | * | | | 30,700 | | | | 141,220 | |
| LTX-Credence Corp. | *† | | | 4,076 | | | | 11,535 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 18,500 | | | | 291,560 | |
| Mattson Technology, Inc. | * | | | 1,760 | | | | 6,670 | |
| Maxim Integrated Products, Inc. | † | | | 9,781 | | | | 163,636 | |
| MEMC Electronic Materials, Inc. | * | | | 8,113 | | | | 80,156 | |
| Micrel, Inc. | | | | 3,731 | | | | 37,982 | |
| Microchip Technology, Inc. | † | | | 3,565 | | | | 98,893 | |
| Micron Technology, Inc. | * | | | 25,902 | | | | 219,908 | |
| Microsemi Corp. | * | | | 2,474 | | | | 36,195 | |
| Mindspeed Technologies, Inc. | *† | | | 801 | | | | 6,000 | |
| MIPS Technologies, Inc. | * | | | 2,228 | | | | 11,385 | |
| MKS Instruments, Inc. | *† | | | 2,455 | | | | 45,958 | |
| MoSys, Inc. | * | | | 1,251 | | | | 5,529 | |
| National Semiconductor Corp. | † | | | 10,460 | | | | 140,792 | |
| Netlogic Microsystems, Inc. | * | | | 2,136 | | | | 58,099 | |
| Novellus Systems, Inc. | * | | | 2,876 | | | | 72,935 | |
| NVE Corp. | * | | | 348 | | | | 15,148 | |
| NVIDIA Corp. | * | | | 20,184 | | | | 206,079 | |
| Omnivision Technologies, Inc. | * | | | 2,354 | | | | 50,470 | |
| ON Semiconductor Corp. | *† | | | 10,008 | | | | 63,851 | |
| PDF Solutions, Inc. | * | | | 974 | | | | 4,675 | |
| Pericom Semiconductor Corp. | * | | | 1,023 | | | | 9,821 | |
| Photronics, Inc. | * | | | 1,388 | | | | 6,274 | |
| PLX Technology, Inc. | * | | | 1,050 | | | | 4,400 | |
| PMC - Sierra, Inc. | * | | | 7,045 | | | | 52,978 | |
| Power Integrations, Inc. | | | | 1,952 | | | | 62,845 | |
| QuickLogic Corp. | * | | | 1,050 | | | | 3,077 | |
| Rambus, Inc. | *† | | | 4,071 | | | | 71,324 | |
| Ramtron International Corp. | * | | | 1,920 | | | | 4,992 | |
| RF Micro Devices, Inc. | * | | | 8,143 | | | | 31,839 | |
| Rudolph Technologies, Inc. | * | | | 1,247 | | | | 9,415 | |
| Semtech Corp. | * | | | 2,970 | | | | 48,619 | |
| Sigma Designs, Inc. | *† | | | 1,320 | | | | 13,213 | |
| Silicon Image, Inc. | * | | | 2,948 | | | | 10,347 | |
| Silicon Laboratories, Inc. | * | | | 2,124 | | | | 86,149 | |
| Skyworks Solutions, Inc. | * | | | 5,822 | | | | 97,751 | |
| Spire Corp. | *† | | | 2,500 | | | | 8,700 | |
| Standard Microsystems Corp. | * | | | 806 | | | | 18,764 | |
| SunPower Corp., Class A | *† | | | 2,322 | | | | 28,096 | |
| Tech/Ops Sevcon, Inc. | * | | | 719 | | | | 3,710 | |
| Tegal Corp. | * | | | 312 | | | | 236 | |
| Teradyne, Inc. | * | | | 7,938 | | | | 77,396 | |
| Tessera Technologies, Inc. | * | | | 1,560 | | | | 25,038 | |
| Texas Instruments, Inc. | | | | 46,326 | | | | 1,078,469 | |
| Transwitch Corp. | *† | | | 429 | | | | 925 | |
| Trident Microsystems, Inc. | *† | | | 3,018 | | | | 4,286 | |
| TriQuint Semiconductor, Inc. | *† | | | 4,918 | | | | 30,049 | |
| Ultratech, Inc. | *† | | | 971 | | | | 15,798 | |
| Varian Semiconductor Equipment Associates, Inc. | * | | | 3,367 | | | | 96,498 | |
| Veeco Instruments, Inc. | *† | | | 1,294 | | | | 44,358 | |
| Virage Logic Corp. | *† | | | 901 | | | | 10,713 | |
| Xilinx, Inc. | | | | 3,827 | | | | 96,670 | |
| Zoran Corp. | * | | | 1,650 | | | | 15,741 | |
| | | | | | | | | | | | | | 11,575,479 | |
| |
Software—3.8% |
| ACI Worldwide, Inc. | * | | | 1,298 | | | | 25,272 | |
| Activision Blizzard, Inc. | | | | 23,814 | | | | 249,809 | |
| Actuate Corp. | * | | | 2,084 | | | | 9,274 | |
| Adobe Systems, Inc. | * | | | 20,400 | | | | 539,172 | |
| Advent Software, Inc. | *† | | | 1,451 | | | | 68,139 | |
| American Software, Inc., Class A | | | | 1,950 | | | | 9,009 | |
| ANSYS, Inc. | * | | | 2,396 | | | | 97,206 | |
| Ariba, Inc. | *† | | | 2,075 | | | | 33,055 | |
| Authentidate Holding Corp. | * | | | 1,023 | | | | 647 | |
| Autodesk, Inc. | * | | | 9,258 | | | | 225,525 | |
| Blackbaud, Inc. | | | | 2,650 | | | | 57,691 | |
| Blackboard, Inc. | *† | | | 1,400 | | | | 52,262 | |
| BMC Software, Inc. | * | | | 2,708 | | | | 93,778 | |
| CA, Inc. | | | | 11,593 | | | | 213,311 | |
| Cadence Design Systems, Inc. | * | | | 10,745 | | | | 62,214 | |
| Callidus Software, Inc. | * | | | 172 | | | | 569 | |
| Citrix Systems, Inc. | * | | | 4,794 | | | | 202,451 | |
| Compuware Corp. | * | | | 7,505 | | | | 59,890 | |
| Concur Technologies, Inc. | * | | | 2,083 | | | | 88,902 | |
| Datawatch Corp. | * | | | 3,500 | | | | 9,555 | |
| Ebix, Inc. | *† | | | 2,802 | | | | 43,935 | |
| Electronic Arts, Inc. | * | | | 12,060 | | | | 173,664 | |
| Epicor Software Corp. | * | | | 1,693 | | | | 13,527 | |
| EPIQ Systems, Inc. | * | | | 1,087 | | | | 14,055 | |
| ePresence, Inc. | *‡d | | | 1,173 | | | | — | |
| Evolving Systems, Inc. | | | | 527 | | | | 3,794 | |
| Factset Research Systems, Inc. | | | | 1,490 | | | | 99,815 | |
| Fair Isaac Corp. | † | | | 3,039 | | | | 66,220 | |
| FalconStor Software, Inc. | * | | | 1,373 | | | | 3,625 | |
| Geeknet, Inc. | * | | | 2,018 | | | | 2,502 | |
| Informatica Corp. | * | | | 3,171 | | | | 75,723 | |
| Interactive Intelligence, Inc. | * | | | 950 | | | | 15,609 | |
| Intuit, Inc. | * | | | 8,244 | | | | 286,644 | |
| Jack Henry & Associates, Inc. | | | | 3,591 | | | | 85,753 | |
| JDA Software Group, Inc. | * | | | 1,256 | | | | 27,607 | |
| Kenexa Corp. | * | | | 1,681 | | | | 20,172 | |
| Lawson Software, Inc. | * | | | 8,700 | | | | 63,510 | |
| Magma Design Automation, Inc. | *† | | | 1,429 | | | | 4,058 | |
| Manhattan Associates, Inc. | * | | | 1,346 | | | | 37,082 | |
| McAfee, Inc. | * | | | 3,912 | | | | 120,177 | |
| Mentor Graphics Corp. | * | | | 2,745 | | | | 24,293 | |
| MICROS Systems, Inc. | *† | | | 3,428 | | | | 109,250 | |
| Microsoft Corp. | | | | 318,422 | | | | 7,326,890 | |
| MicroStrategy, Inc., Class A | * | | | 513 | | | | 38,521 | |
| Netscout Systems, Inc. | *† | | | 1,250 | | | | 17,775 | |
| Novell, Inc. | * | | | 15,492 | | | | 87,995 | |
| Nuance Communications, Inc. | *† | | | 4,541 | | | | 67,888 | |
| Oracle Corp. | | | | 144,200 | | | | 3,094,532 | |
| Parametric Technology Corp. | *† | | | 4,423 | | | | 69,308 | |
| Pegasystems, Inc. | † | | | 2,141 | | | | 68,748 | |
| Phoenix Technologies Ltd. | * | | | 907 | | | | 2,621 | |
| Progress Software Corp. | * | | | 1,322 | | | | 39,700 | |
| QAD, Inc. | * | | | 1,363 | | | | 5,629 | |
| Quest Software, Inc. | * | | | 3,847 | | | | 69,400 | |
| Radiant Systems, Inc. | * | | | 1,019 | | | | 14,735 | |
| Red Hat, Inc. | * | | | 7,251 | | | | 209,844 | |
| Renaissance Learning, Inc. | † | | | 1,353 | | | | 19,876 | |
| Rovi Corp. | * | | | 3,817 | | | | 144,702 | |
| S1 Corp. | * | | | 2,636 | | | | 15,842 | |
| Salesforce.com, Inc. | *† | | | 3,783 | | | | 324,657 | |
| Scientific Learning Corp. | * | | | 3,145 | | | | 16,543 | |
| Solera Holdings, Inc. | | | | 1,099 | | | | 39,784 | |
| Sonic Foundry, Inc. | *† | | | 120 | | | | 877 | |
| Sonic Solutions, Inc. | *† | | | 889 | | | | 7,423 | |
| SonicWALL, Inc. | * | | | 2,442 | | | | 28,694 | |
|
See accompanying notes to financial statements.
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| Sybase, Inc. | * | | | 3,825 | | | $ | 247,325 | |
| Symantec Corp. | * | | | 34,469 | | | | 478,430 | |
| Symyx Technologies, Inc. | * | | | 1,374 | | | | 6,884 | |
| Synopsys, Inc. | *† | | | 6,501 | | | | 135,676 | |
| Take-Two Interactive Software, Inc. | * | | | 2,643 | | | | 23,787 | |
| TeleCommunication Systems, Inc., Class A | *† | | | 1,200 | | | | 4,968 | |
| THQ, Inc. | * | | | 2,914 | | | | 12,588 | |
| TIBCO Software, Inc. | * | | | 8,337 | | | | 100,544 | |
| TiVo, Inc. | * | | | 2,696 | | | | 19,896 | |
| Tyler Technologies, Inc. | * | | | 1,886 | | | | 29,271 | |
| Ultimate Software Group, Inc. | *† | | | 1,242 | | | | 40,812 | |
| VASCO Data Security International, Inc. | * | | | 3,804 | | | | 23,471 | |
| Versant Corp. | * | | | 330 | | | | 3,676 | |
| VMware, Inc., Class A | * | | | 1,700 | | | | 106,403 | |
| Wayside Technology Group, Inc. | | | | 1,787 | | | | 16,208 | |
| Websense, Inc. | * | | | 1,958 | | | | 37,006 | |
| | | | | | | | | | | | | | 16,387,675 | |
| | | | | | | | | | | | |
| |
Specialty Retail—2.1% |
| A.C. Moore Arts & Crafts, Inc. | * | | | 876 | | | | 1,989 | |
| Aaron’s, Inc. | † | | | 2,908 | | | | 49,640 | |
| Abercrombie & Fitch Co., Class A | | | | 3,072 | | | | 94,280 | |
| Advance Auto Parts, Inc. | | | | 243 | | | | 12,194 | |
| Aeropostale, Inc. | * | | | 2,075 | | | | 59,428 | |
| American Eagle Outfitters, Inc. | | | | 3,552 | | | | 41,736 | |
| America’s Car-Mart, Inc. | * | | | 354 | | | | 8,011 | |
| AnnTaylor Stores Corp. | * | | | 2,733 | | | | 44,466 | |
| Asbury Automotive Group, Inc. | * | | | 1,342 | | | | 14,145 | |
| AutoNation, Inc. | *† | | | 5,363 | | | | 104,578 | |
| AutoZone, Inc. | * | | | 1,769 | | | | 341,806 | |
| Barnes & Noble, Inc. | † | | | 828 | | | | 10,681 | |
| Bebe Stores, Inc. | | | | 790 | | | | 5,056 | |
| Bed Bath & Beyond, Inc. | * | | | 6,586 | | | | 244,209 | |
| Best Buy Co., Inc. | | | | 12,626 | | | | 427,516 | |
| Big 5 Sporting Goods Corp. | † | | | 1,071 | | | | 14,073 | |
| Borders Group, Inc. | *† | | | 3,342 | | | | 4,445 | |
| Brown Shoe Co., Inc. | | | | 1,791 | | | | 27,187 | |
| Buckle, Inc. (The) | † | | | 1,236 | | | | 40,071 | |
| CarMax, Inc. | *† | | | 8,516 | | | | 169,468 | |
| Casual Male Retail Group, Inc. | * | | | 1,930 | | | | 6,601 | |
| Cato Corp. (The), Class A | † | | | 1,761 | | | | 38,777 | |
| Charming Shoppes, Inc. | * | | | 3,138 | | | | 11,767 | |
| Chico’s FAS, Inc. | | | | 7,236 | | | | 71,492 | |
| Children’s Place Retail Stores, Inc. (The) | * | | | 1,144 | | | | 50,359 | |
| Christopher & Banks Corp. | | | | 1,528 | | | | 9,458 | |
| Coldwater Creek, Inc. | * | | | 1,528 | | | | 5,134 | |
| Collective Brands, Inc. | * | | | 2,964 | | | | 46,831 | |
| Cost Plus, Inc. | * | | | 1,014 | | | | 3,620 | |
| Destination Maternity Corp. | * | | | 600 | | | | 15,180 | |
| Dick’s Sporting Goods, Inc. | * | | | 2,480 | | | | 61,727 | |
| Dress Barn, Inc. (The) | * | | | 2,597 | | | | 61,835 | |
| Finish Line, Inc. (The), Class A | | | | 1,917 | | | | 26,704 | |
| Foot Locker, Inc. | | | | 5,840 | | | | 73,701 | |
| GameStop Corp., Class A | * | | | 4,410 | | | | 82,864 | |
| Gap, Inc. (The) | | | | 18,037 | | | | 351,000 | |
| Genesco, Inc. | * | | | 921 | | | | 24,232 | |
| Group 1 Automotive, Inc. | * | | | 1,068 | | | | 25,130 | |
| Guess?, Inc. | | | | 3,548 | | | | 110,840 | |
| Gymboree Corp. | *† | | | 1,400 | | | | 59,794 | |
| Haverty Furniture Cos., Inc. | | | | 1,111 | | | | 13,654 | |
| Hibbett Sports, Inc. | *† | | | 1,396 | | | | 33,448 | |
| Home Depot, Inc. | | | | 62,266 | | | | 1,747,807 | |
| Hot Topic, Inc. | | | | 1,824 | | | | 9,266 | |
| J. Crew Group, Inc. | * | | | 2,206 | | | | 81,203 | |
| Jo-Ann Stores, Inc. | *† | | | 1,266 | | | | 47,488 | |
| JOS A. Bank Clothiers, Inc. | * | | | 577 | | | | 31,152 | |
| Kirkland’s, Inc. | * | | | 833 | | | | 14,057 | |
| Limited Brands, Inc. | | | | 10,407 | | | | 229,682 | |
| Lithia Motors, Inc., Class A | | | | 862 | | | | 5,327 | |
| Lowe’s Cos., Inc. | | | | 47,645 | | | | 972,911 | |
| MarineMax, Inc. | *† | | | 800 | | | | 5,552 | |
| Men’s Wearhouse, Inc. (The) | † | | | 2,437 | | | | 44,743 | |
| Midas, Inc. | *† | | | 1,277 | | | | 9,795 | |
| Monro Muffler Brake, Inc. | † | | | 991 | | | | 39,174 | |
| Office Depot, Inc. | * | | | 11,792 | | | | 47,640 | |
| OfficeMax, Inc. | * | | | 3,587 | | | | 46,846 | |
| O’Reilly Automotive, Inc. | * | | | 5,478 | | | | 260,534 | |
| Pacific Sunwear of California, Inc. | * | | | 3,025 | | | | 9,680 | |
| Penske Automotive Group, Inc. | * | | | 1,654 | | | | 18,789 | |
| Pep Boys-Manny, Moe & Jack (The) | | | | 2,200 | | | | 19,492 | |
| PetSmart, Inc. | | | | 5,983 | | | | 180,507 | |
| Pier 1 Imports, Inc. | * | | | 3,712 | | | | 23,794 | |
| RadioShack Corp. | | | | 2,569 | | | | 50,121 | |
| Rent-A-Center, Inc. | * | | | 3,377 | | | | 68,418 | |
| Ross Stores, Inc. | | | | 4,200 | | | | 223,818 | |
| Sally Beauty Holdings, Inc. | * | | | 3,659 | | | | 30,004 | |
| Select Comfort Corp. | * | | | 2,104 | | | | 18,410 | |
| Signet Jewelers Ltd. (Bermuda) | * | | | 3,344 | | | | 91,960 | |
| Sonic Automotive, Inc., Class A | * | | | 1,649 | | | | 14,115 | |
| Stage Stores, Inc. | | | | 2,236 | | | | 23,880 | |
| Staples, Inc. | | | | 18,947 | | | | 360,940 | |
| Stein Mart, Inc. | * | | | 1,261 | | | | 7,856 | |
| Systemax, Inc. | † | | | 1,358 | | | | 20,465 | |
| Talbots, Inc. | *† | | | 375 | | | | 3,866 | |
| Tiffany & Co. | | | | 3,221 | | | | 122,108 | |
| TJX Cos., Inc. | | | | 15,345 | | | | 643,723 | |
| Tractor Supply Co. | | | | 1,549 | | | | 94,443 | |
| Trans World Entertainment Corp. | * | | | 1,932 | | | | 3,284 | |
| Urban Outfitters, Inc. | * | | | 5,012 | | | | 172,363 | |
| West Marine, Inc. | * | | | 803 | | | | 8,737 | |
| Wet Seal, Inc. (The), Class A | *† | | | 1,246 | | | | 4,548 | |
| Williams-Sonoma, Inc. | | | | 3,877 | | | | 96,227 | |
| Zale Corp. | *† | | | 2,300 | | | | 3,634 | |
| | | | | | | | | | | | | | 8,807,486 | |
| |
Textiles, Apparel & Luxury Goods—0.7% |
| Carter’s, Inc. | * | | | 1,476 | | | | 38,745 | |
| Charles & Colvard Ltd. | *† | | | 1,843 | | | | 5,142 | |
| Cherokee, Inc. | | | | 994 | | | | 16,997 | |
| Coach, Inc. | | | | 11,668 | | | | 426,465 | |
| Columbia Sportswear Co. | † | | | 652 | | | | 30,429 | |
| CROCS, Inc. | * | | | 3,600 | | | | 38,088 | |
| Culp, Inc. | * | | | 888 | | | | 9,732 | |
| Deckers Outdoor Corp. | * | | | 645 | | | | 92,151 | |
| Fossil, Inc. | *† | | | 3,154 | | | | 109,444 | |
| Hallwood Group, Inc. | * | | | 100 | | | | 3,800 | |
| Hanesbrands, Inc. | * | | | 4,099 | | | | 98,622 | |
| Iconix Brand Group, Inc. | * | | | 2,737 | | | | 39,331 | |
| Jones Apparel Group, Inc. | | | | 4,641 | | | | 73,560 | |
See accompanying notes to financial statements.
204
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Broad
Market Index Fund
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| Value
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|---|
COMMON STOCKS—(Continued) |
| Kenneth Cole Productions, Inc., Class A | * | | | 956 | | | $ | 10,526 | |
| K-Swiss, Inc., Class A | * | | | 1,476 | | | | 16,575 | |
| Lazare Kaplan International, Inc. | *‡d | | | 1,139 | | | | — | |
| Liz Claiborne, Inc. | *† | | | 4,930 | | | | 20,805 | |
| Movado Group, Inc. | * | | | 1,678 | | | | 17,921 | |
| NIKE, Inc., Class B | | | | 13,686 | | | | 924,489 | |
| Oxford Industries, Inc. | | | | 936 | | | | 19,590 | |
| Phillips-Van Heusen Corp. | | | | 1,267 | | | | 58,624 | |
| Polo Ralph Lauren Corp. | | | | 2,143 | | | | 156,353 | |
| Quiksilver, Inc. | * | | | 4,288 | | | | 15,866 | |
| Skechers U.S.A., Inc., Class A | * | | | 1,935 | | | | 70,666 | |
| Steven Madden Ltd. | * | | | 1,126 | | | | 35,492 | |
| Timberland Co. (The), Class A | *† | | | 2,970 | | | | 47,965 | |
| Under Armour, Inc., Class A | *† | | | 1,937 | | | | 64,173 | |
| Unifi, Inc. | * | | | 2,629 | | | | 10,043 | |
| V.F. Corp. | | | | 3,785 | | | | 269,416 | |
| Warnaco Group, Inc. (The) | * | | | 1,527 | | | | 55,186 | |
| Wolverine World Wide, Inc. | † | | | 2,589 | | | | 65,295 | |
| | | | | | | | | | | | | | 2,841,491 | |
| |
Thrifts & Mortgage Finance—0.3% |
| Anchor Bancorp Wisconsin, Inc. | *† | | | 1,411 | | | | 635 | |
| Astoria Financial Corp. | † | | | 3,465 | | | | 47,678 | |
| Bank Mutual Corp. | | | | 3,756 | | | | 21,334 | |
| BankAtlantic Bancorp, Inc., Class A | *† | | | 2,405 | | | | 3,367 | |
| Beneficial Mutual Bancorp, Inc. | *† | | | 969 | | | | 9,574 | |
| Brookline Bancorp, Inc. | † | | | 3,765 | | | | 33,433 | |
| Capitol Federal Financial | † | | | 2,115 | | | | 70,133 | |
| CFS Bancorp, Inc. | † | | | 1,873 | | | | 9,103 | |
| Dime Community Bancshares, Inc. | † | | | 1,638 | | | | 20,197 | |
| Doral Financial Corp. (Puerto Rico) | *† | | | 221 | | | | 539 | |
| Federal Home Loan Mortgage Corp. | *† | | | 25,235 | | | | 10,422 | |
| Federal National Mortgage Association | *† | | | 37,770 | | | | 12,936 | |
| First Niagara Financial Group, Inc. | | | | 4,974 | | | | 62,324 | |
| Flagstar Bancorp, Inc. | * | | | 211 | | | | 663 | |
| Harrington West Financial Group, Inc. | * | | | 1,171 | | | | 269 | |
| Hudson City Bancorp, Inc. | | | | 14,470 | | | | 177,113 | |
| MGIC Investment Corp. | *† | | | 4,084 | | | | 28,139 | |
| NASB Financial, Inc. | † | | | 528 | | | | 7,999 | |
| New York Community Bancorp, Inc. | † | | | 12,640 | | | | 193,013 | |
| NewAlliance Bancshares, Inc. | † | | | 4,600 | | | | 51,566 | |
| Northwest Bancshares, Inc. | | | | 4,608 | | | | 52,854 | |
| Ocwen Financial Corp. | *† | | | 3,358 | | | | 34,218 | |
| Parkvale Financial Corp. | | | | 616 | | | | 5,162 | |
| People’s United Financial, Inc. | | | | 4,027 | | | | 54,365 | |
| PMI Group, Inc. (The) | *† | | | 3,929 | | | | 11,355 | |
| Provident Financial Services, Inc. | | | | 943 | | | | 11,024 | |
| Provident New York Bancorp | | | | 3,670 | | | | 32,480 | |
| Radian Group, Inc. | | | | 3,844 | | | | 27,831 | |
| Riverview Bancorp, Inc. | * | | | 2,600 | | | | 6,370 | |
| TFS Financial Corp. | | | | 3,398 | | | | 42,169 | |
| Tree.com, Inc. | *† | | | 314 | | | | 1,984 | |
| Triad Guaranty, Inc. | * | | | 692 | | | | 159 | |
| Trustco Bank Corp. | † | | | 3,435 | | | | 19,236 | |
| United Western Bancorp, Inc. | | | | 973 | | | | 778 | |
| Washington Federal, Inc. | | | | 3,379 | | | | 54,672 | |
| Westfield Financial, Inc. | † | | | 4,068 | | | | 33,886 | |
| | | | | | | | | | | | | | 1,148,980 | |
| |
Tobacco—1.3% |
| Alliance One International, Inc. | * | | | 2,000 | | | | 7,120 | |
| Altria Group, Inc. | | | | 73,522 | | | | 1,473,381 | |
| Lorillard, Inc. | | | | 5,710 | | | | 411,006 | |
| Philip Morris International, Inc. | | | | 72,440 | | | | 3,320,649 | |
| Reynolds American, Inc. | | | | 4,458 | | | | 232,351 | |
| Universal Corp. | † | | | 1,078 | | | | 42,775 | |
| Vector Group Ltd. | † | | | 2,633 | | | | 44,287 | |
| | | | | | | | | | | | | | 5,531,569 | |
| |
Trading Companies & Distributors—0.2% |
| Applied Industrial Technologies, Inc. | | | | 2,056 | | | | 52,058 | |
| Beacon Roofing Supply, Inc. | * | | | 2,570 | | | | 46,311 | |
| Fastenal Co. | † | | | 5,638 | | | | 282,971 | |
| GATX Corp. | † | | | 1,766 | | | | 47,117 | |
| H&E Equipment Services, Inc. | *† | | | 1,600 | | | | 11,984 | |
| Interline Brands, Inc. | *† | | | 982 | | | | 16,979 | |
| MSC Industrial Direct Co., Class A | | | | 1,782 | | | | 90,276 | |
| United Rentals, Inc. | * | | | 2,798 | | | | 26,077 | |
| W.W. Grainger, Inc. | † | | | 2,817 | | | | 280,151 | |
| Watsco, Inc. | | | | 553 | | | | 32,030 | |
| WESCO International, Inc. | *† | | | 1,550 | | | | 52,189 | |
| Willis Lease Finance Corp. | * | | | 1,234 | | | | 11,377 | |
| | | | | | | | | | | | | | 949,520 | |
| |
Water Utilities—0.1% |
| American States Water Co. | † | | | 1,261 | | | | 41,790 | |
| American Water Works Co., Inc. | | | | 2,266 | | | | 46,680 | |
| Aqua America, Inc. | † | | | 4,329 | | | | 76,537 | |
| California Water Service Group | † | | | 965 | | | | 34,450 | |
| Connecticut Water Service, Inc. | | | | 500 | | | | 10,510 | |
| SJW Corp. | | | | 1,010 | | | | 23,674 | |
| | | | | | | | | | | | | | 233,641 | |
| |
Wireless Telecommunication Services—0.5% |
| American Tower Corp., Class A | * | | | 13,808 | | | | 614,456 | |
| Crown Castle International Corp. | * | | | 14,288 | | | | 532,371 | |
| Leap Wireless International, Inc. | * | | | 3,300 | | | | 42,834 | |
| MetroPCS Communications, Inc. | * | | | 7,134 | | | | 58,428 | |
| NII Holdings, Inc. | * | | | 5,995 | | | | 194,957 | |
| NTELOS Holdings Corp. | | | | 2,700 | | | | 46,440 | |
| SBA Communications Corp., Class A | *† | | | 4,064 | | | | 138,217 | |
| Shenandoah Telecommunications Co. | † | | | 1,200 | | | | 21,288 | |
| Sprint Nextel Corp. | * | | | 88,755 | | | | 376,321 | |
| Telephone & Data Systems, Inc. | | | | 3,518 | | | | 106,912 | |
| United States Cellular Corp. | * | | | 680 | | | | 27,982 | |
| | | | | | | | | | | | | | 2,160,206 | |
| |
TOTAL COMMON STOCKS |
| (Cost $370,532,362) | | | | | | 419,360,699 | |
See accompanying notes to financial statements.
205
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Broad
Market Index Fund
Coupon
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| Value
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U.S. TREASURY OBLIGATIONS—0.2% |
| |
U.S. Treasury Bills—0.2% |
| U.S. Treasury Bill |
| 0.094% | | | | 09/09/2010 | | ‡‡ | | | | | | | | |
| (Cost $779,858) | | | $ | 780,000 | | | $ | 779,780 | |
| |
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| | | | | | | | | | Shares | | | | Value | |
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RIGHTS—0.0% |
| |
Biotechnology—0.0% |
| Ligand Pharmaceuticals, Inc., Expires 12/31/2011 | *‡d | | | 572 | | | | — | |
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Commercial Banks—0.0% |
| Hanmi Financial Corp., Expires 07/12/2010 | *‡ | | | 3,600 | | | | 216 | |
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Pharmaceuticals—0.0% |
| Fresenius Kabi Pharmaceuticals Holding, Inc. (Germany), Expires 06/30/2011 | * | | | 1,756 | | | | 230 | |
| |
Textiles, Apparel & Luxury Goods—0.0% |
| Mossimo, Inc. | *‡d | | | 2,806 | | | | — | |
| |
Thrifts & Mortgage Finance—0.0% |
| BankAtlantic Bancorp, Inc., Expires 12/31/2010 | *‡d | | | 786 | | | | — | |
| |
TOTAL RIGHTS |
| (Cost $20,186) | | | | | | 446 | |
| |
| |
WARRANTS—0.0% |
| |
Diversified Financial Services—0.0% |
| Pegasus Wireless Corp. | *‡d | | | | | | | | |
| (Cost $—) | | | | 540 | | | | — | |
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| Value
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CASH EQUIVALENTS—6.7% |
| |
Institutional Money Market Funds—6.7% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 3,500,000 | | | | 3,500,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 7,660,598 | | | | 7,660,598 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 3,554,979 | | | | 3,554,979 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 3,500,000 | | | | 3,500,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 3,500,000 | | | | 3,500,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 3,500,000 | | | | 3,500,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 3,500,000 | | | | 3,500,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $28,715,577) | | | | | | 28,715,577 | |
| | | | | | | | |
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TOTAL INVESTMENTS—104.7% | | | |
| (Cost $400,047,983) | | 448,856,502 | |
| Other assets less liabilities—(4.7%) | | (20,155,893 | ) |
| |
NET ASSETS—100.0% | $ | 428,700,609 | |
Notes to the Schedule of Investments: |
| REIT | | Real Estate Investment Trust |
| † | | Denotes all or a portion of the security on loan. |
| d | | Security has no market value at June 30, 2010. |
| ‡ | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| ‡‡ | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
206
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Mid/Small
Company Index Fund
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COMMON STOCKS—97.7% |
| |
Aerospace & Defense—1.2% |
| AAR Corp. | * | | | 5,443 | | | $ | 91,116 | |
| Aerovironment, Inc. | *† | | | 6,005 | | | | 130,489 | |
| Alliant Techsystems, Inc. | * | | | 3,527 | | | | 218,886 | |
| American Science & Engineering, Inc. | | | | 1,020 | | | | 77,734 | |
| Applied Signal Technology, Inc. | † | | | 6,983 | | | | 137,216 | |
| Astronics Corp. | * | | | 716 | | | | 11,714 | |
| Astronics Corp., Class B | * | | | 179 | | | | 2,953 | |
| BE Aerospace, Inc. | * | | | 11,405 | | | | 290,029 | |
| Ceradyne, Inc. | * | | | 2,334 | | | | 49,878 | |
| Cubic Corp. | | | | 1,262 | | | | 45,912 | |
| Curtiss-Wright Corp. | † | | | 5,488 | | | | 159,371 | |
| DigitalGlobe, Inc. | * | | | 4,997 | | | | 131,421 | |
| Ducommun, Inc. | | | | 6,327 | | | | 108,192 | |
| DynCorp International, Inc., Class A | * | | | 3,730 | | | | 65,350 | |
| Esterline Technologies Corp. | * | | | 2,519 | | | | 119,527 | |
| GenCorp, Inc. | * | | | 4,016 | | | | 17,590 | |
| GeoEye, Inc. | * | | | 6,842 | | | | 213,060 | |
| HEICO Corp., Class A | | | | 3,096 | | | | 83,437 | |
| Herley Industries, Inc. | *† | | | 1,550 | | | | 22,103 | |
| Hexcel Corp. | *† | | | 8,244 | | | | 127,864 | |
| Innovative Solutions & Support, Inc. | * | | | 3,094 | | | | 13,614 | |
| Kratos Defense & Security Solutions, Inc. | * | | | 1,442 | | | | 15,141 | |
| Ladish Co., Inc. | *† | | | 2,037 | | | | 46,281 | |
| Moog, Inc., Class A | * | | | 3,584 | | | | 115,512 | |
| Orbital Sciences Corp. | * | | | 8,178 | | | | 128,967 | |
| Spirit Aerosystems Holdings, Inc., Class A | * | | | 6,992 | | | | 133,267 | |
| Stanley, Inc. | * | | | 4,177 | | | | 156,136 | |
| Taser International, Inc. | *† | | | 6,942 | | | | 27,074 | |
| Teledyne Technologies, Inc. | * | | | 2,702 | | | | 104,243 | |
| TransDigm Group, Inc. | | | | 6,702 | | | | 342,003 | |
| Triumph Group, Inc. | | | | 2,080 | | | | 138,590 | |
| | | | | | | | | | | | | | 3,324,670 | |
| | | | | | | | | | |
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Air Freight & Logistics—0.2% |
| Air T, Inc. | | | | 1,301 | | | | 13,609 | |
| Air Transport Services Group, Inc. | * | | | 15,100 | | | | 71,876 | |
| Atlas Air Worldwide Holdings, Inc. | * | | | 3,284 | | | | 155,990 | |
| Dynamex, Inc. | * | | | 2,145 | | | | 26,169 | |
| Forward Air Corp. | † | | | 2,629 | | | | 71,640 | |
| HUB Group, Inc., Class A | * | | | 3,172 | | | | 95,192 | |
| Pacer International, Inc. | * | | | 3,711 | | | | 25,940 | |
| UTi Worldwide, Inc. (Virgin Islands, British) | | | | 8,059 | | | | 99,770 | |
| | | | | | | | | | | | | | 560,186 | |
| | | | | | | | | | |
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Airlines—1.0% |
| AirTran Holdings, Inc. | *† | | | 23,542 | | | | 114,179 | |
| Alaska Air Group, Inc. | * | | | 3,191 | | | | 143,435 | |
| Allegiant Travel Co. | † | | | 1,751 | | | | 74,750 | |
| AMR Corp. | * | | | 31,920 | | | | 216,418 | |
| Continental Airlines, Inc., Class B | * | | | 17,083 | | | | 375,826 | |
| Delta Air Lines, Inc. | * | | | 76,034 | | | | 893,399 | |
| ExpressJet Holdings, Inc. | * | | | 387 | | | | 1,006 | |
| JetBlue Airways Corp. | *† | | | 23,246 | | | | 127,621 | |
| Pinnacle Airlines Corp. | *† | | | 4,709 | | | | 25,617 | |
| Republic Airways Holdings, Inc. | * | | | 8,496 | | | | 51,911 | |
| Skywest, Inc. | | | | 5,070 | | | | 61,955 | |
| UAL Corp. | *† | | | 19,818 | | | | 407,458 | |
| US Airways Group, Inc. | *† | | | 15,539 | | | | 133,791 | |
| | | | | | | | | | | | | | 2,627,366 | |
| |
Auto Components—0.8% |
| American Axle & Manufacturing Holdings, Inc. | * | | | 10,973 | | | | 80,432 | |
| Amerigon, Inc. | * | | | 3,475 | | | | 25,645 | |
| BorgWarner, Inc. | * | | | 14,162 | | | | 528,809 | |
| Cooper Tire & Rubber Co. | † | | | 3,864 | | | | 75,348 | |
| Dana Holding Corp. | * | | | 15,106 | | | | 151,060 | |
| Drew Industries, Inc. | * | | | 1,570 | | | | 31,714 | |
| Exide Technologies | *† | | | 9,741 | | | | 50,653 | |
| Federal-Mogul Corp. | * | | | 12,897 | | | | 167,919 | |
| Fuel Systems Solutions, Inc. | *† | | | 2,117 | | | | 54,936 | |
| Gentex Corp. | | | | 20,590 | | | | 370,208 | |
| Modine Manufacturing Co. | * | | | 4,717 | | | | 36,227 | |
| Quantum Fuel Systems Technologies Worldwide, Inc. | * | | | 11,052 | | | | 5,924 | |
| Shiloh Industries, Inc. | * | | | 5,043 | | | | 42,664 | |
| Spartan Motors, Inc. | † | | | 6,140 | | | | 25,788 | |
| Standard Motor Products, Inc. | | | | 2,540 | | | | 20,498 | |
| Strattec Security Corp. | * | | | 502 | | | | 11,094 | |
| Superior Industries International, Inc. | | | | 2,013 | | | | 27,055 | |
| Tenneco, Inc. | * | | | 7,033 | | | | 148,115 | |
| TRW Automotive Holdings Corp. | * | | | 12,443 | | | | 343,054 | |
| | | | | | | | | | | | | | 2,197,143 | |
| |
Automobiles—0.1% |
| Thor Industries, Inc. | | | | 3,595 | | | | 85,381 | |
| Winnebago Industries, Inc. | * | | | 3,534 | | | | 35,128 | |
| | | | | | | | | | | | | | 120,509 | |
| |
Beverages—0.3% |
| Boston Beer Co., Inc., Class A | * | | | 1,904 | | | | 128,425 | |
| Central European Distribution Corp. (Poland) | * | | | 7,241 | | | | 154,813 | |
| Coca-Cola Bottling Co. Consolidated | | | | 437 | | | | 20,941 | |
| Hansen Natural Corp. | * | | | 11,733 | | | | 458,878 | |
| Jones Soda Co. | *† | | | 1,928 | | | | 2,275 | |
| National Beverage Corp. | | | | 766 | | | | 9,406 | |
| | | | | | | | | | | | | | 774,738 | |
| |
Biotechnology—2.8% |
| Aastrom Biosciences, Inc. | *† | | | 411 | | | | 612 | |
| Abraxis Bioscience, Inc. | * | | | 2,772 | | | | 205,682 | |
| Acorda Therapeutics, Inc. | * | | | 3,687 | | | | 114,703 | |
| Alexion Pharmaceuticals, Inc. | * | | | 10,052 | | | | 514,562 | |
| Alkermes, Inc. | * | | | 6,009 | | | | 74,812 | |
| Allos Therapeutics, Inc. | *† | | | 11,678 | | | | 71,586 | |
| Alnylam Pharmaceuticals, Inc. | * | | | 3,514 | | | | 52,780 | |
| AMAG Pharmaceuticals, Inc. | *† | | | 2,241 | | | | 76,978 | |
| Amylin Pharmaceuticals, Inc. | * | | | 21,096 | | | | 396,605 | |
| Anadys Pharmaceuticals, Inc. | * | | | 1,662 | | | | 3,191 | |
| Antigenics, Inc. | *† | | | 9,214 | | | | 7,473 | |
| ARCA Biopharma, Inc. | *† | | | 436 | | | | 1,478 | |
| Arena Pharmaceuticals, Inc. | *† | | | 8,294 | | | | 25,463 | |
| Ariad Pharmaceuticals, Inc. | * | | | 22,289 | | | | 62,855 | |
| Arqule, Inc. | * | | | 4,724 | | | | 20,313 | |
| Array Biopharma, Inc. | * | | | 4,170 | | | | 12,719 | |
See accompanying notes to financial statements.
207
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| AVI BioPharma, Inc. | *† | | | 19,636 | | | $ | 31,614 | |
| Avigen, Inc. (Escrow Shares) | *‡d | | | 3,880 | | | | — | |
| BioCryst Pharmaceuticals, Inc. | * | | | 18,239 | | | | 107,792 | |
| BioMarin Pharmaceutical, Inc. | *† | | | 13,317 | | | | 252,490 | |
| Biosante Pharmaceuticals, Inc. | *† | | | 1,867 | | | | 3,286 | |
| Capstone Therapeutics Corp. | * | | | 1,517 | | | | 1,003 | |
| Celera Corp. | *† | | | 8,151 | | | | 53,389 | |
| Cell Therapeutics, Inc. | *† | | | 186,455 | | | | 69,939 | |
| Celldex Therapeutics, Inc. | *† | | | 10,060 | | | | 45,874 | |
| Cepheid, Inc. | *† | | | 5,446 | | | | 87,245 | |
| Clinical Data, Inc. | *† | | | 1,998 | | | | 24,855 | |
| Cubist Pharmaceuticals, Inc. | * | | | 4,798 | | | | 98,839 | |
| Cytokinetics, Inc. | * | | | 14,052 | | | | 33,303 | |
| CytRx Corp. | * | | | 42,638 | | | | 32,831 | |
| Dendreon Corp. | * | | | 18,126 | | | | 586,014 | |
| Discovery Laboratories, Inc. | *† | | | 10,296 | | | | 1,956 | |
| Dyax Corp. | * | | | 9,610 | | | | 21,815 | |
| Emergent Biosolutions, Inc. | * | | | 2,525 | | | | 41,258 | |
| Entremed, Inc. | * | | | 1,390 | | | | 561 | |
| Enzon Pharmaceuticals, Inc. | *† | | | 4,016 | | | | 42,770 | |
| EPIX Pharmaceuticals, Inc. | * | | | 3,320 | | | | 22 | |
| Exact Sciences Corp. | *† | | | 7,997 | | | | 35,187 | |
| Exelixis, Inc. | *† | | | 17,890 | | | | 62,078 | |
| Genaera Corp. | *‡d | | | 797 | | | | — | |
| Genomic Health, Inc. | *† | | | 4,026 | | | | 52,056 | |
| Geron Corp. | *† | | | 11,195 | | | | 56,199 | |
| GTC Biotherapeutics, Inc. | * | | | 398 | | | | 191 | |
| GTx, Inc. | * | | | 1,710 | | | | 5,215 | |
| Halozyme Therapeutics, Inc. | * | | | 12,386 | | | | 87,197 | |
| Hemispherx Biopharma, Inc. | *† | | | 54,952 | | | | 25,745 | |
| Human Genome Sciences, Inc. | * | | | 23,057 | | | | 522,472 | |
| Idenix Pharmaceuticals, Inc. | * | | | 3,110 | | | | 15,550 | |
| Idera Pharmaceuticals, Inc. | * | | | 1,932 | | | | 6,955 | |
| Immunogen, Inc. | *† | | | 5,986 | | | | 55,490 | |
| Immunomedics, Inc. | *† | | | 9,692 | | | | 29,948 | |
| Incyte Corp. Ltd. | * | | | 22,961 | | | | 254,178 | |
| InterMune, Inc. | * | | | 4,905 | | | | 45,862 | |
| Isis Pharmaceuticals, Inc. | * | | | 7,940 | | | | 75,986 | |
| Keryx Biopharmaceuticals, Inc. | *† | | | 12,840 | | | | 46,994 | |
| Lexicon Pharmaceuticals, Inc. | *† | | | 7,724 | | | | 9,887 | |
| Ligand Pharmaceuticals, Inc., Class B | * | | | 9,497 | | | | 13,866 | |
| MannKind Corp. | *† | | | 13,112 | | | | 83,786 | |
| Martek Biosciences Corp. | * | | | 3,591 | | | | 85,143 | |
| Maxygen, Inc. | * | | | 2,991 | | | | 16,540 | |
| MDRNA, Inc. | *† | | | 3,350 | | | | 3,018 | |
| MediciNova, Inc. | * | | | 338 | | | | 1,606 | |
| Medivation, Inc. | * | | | 3,832 | | | | 33,875 | |
| Metabolix, Inc. | *† | | | 2,162 | | | | 30,938 | |
| Momenta Pharmaceuticals, Inc. | * | | | 3,492 | | | | 42,812 | |
| Myriad Genetics, Inc. | * | | | 12,791 | | | | 191,225 | |
| Myriad Pharmaceuticals, Inc. | * | | | 10,114 | | | | 38,029 | |
| Nabi Biopharmaceuticals | * | | | 6,806 | | | | 37,025 | |
| Neurobiological Technologies, Inc. | * | | | 448 | | | | 31 | |
| Neurocrine Biosciences, Inc. | * | | | 6,840 | | | | 38,304 | |
| Novavax, Inc. | *† | | | 11,268 | | | | 24,452 | |
| NPS Pharmaceuticals, Inc. | * | | | 7,595 | | | | 48,912 | |
| Onyx Pharmaceuticals, Inc. | * | | | 8,894 | | | | 192,021 | |
| Osiris Therapeutics, Inc. | *† | | | 2,984 | | | | 17,337 | |
| PDL BioPharma, Inc. | † | | | 25,942 | | | | 145,794 | |
| Peregrine Pharmaceuticals, Inc. | * | | | 14,427 | | | | 31,018 | |
| Pharmasset, Inc. | * | | | 3,318 | | | | 90,714 | |
| Poniard Pharmaceuticals, Inc. | *† | | | 3,696 | | | | 2,218 | |
| Progenics Pharmaceuticals, Inc. | * | | | 2,623 | | | | 14,374 | |
| Regeneron Pharmaceuticals, Inc. | *† | | | 7,910 | | | | 176,551 | |
| Repligen Corp. | * | | | 3,422 | | | | 10,985 | |
| Rigel Pharmaceuticals, Inc. | * | | | 7,055 | | | | 50,796 | |
| RXi Pharmaceuticals Corp. | *† | | | 6,212 | | | | 16,151 | |
| Sangamo Biosciences, Inc. | *† | | | 8,595 | | | | 31,887 | |
| Savient Pharmaceuticals, Inc. | *† | | | 12,528 | | | | 157,853 | |
| Sciclone Pharmaceuticals, Inc. | *† | | | 4,800 | | | | 12,768 | |
| Seattle Genetics, Inc. | * | | | 7,531 | | | | 90,297 | |
| SIGA Technologies, Inc. | *† | | | 4,650 | | | | 35,805 | |
| StemCells, Inc. | *† | | | 8,757 | | | | 8,232 | |
| Talecris Biotherapeutics Holdings Corp. | * | | | 5,428 | | | | 114,531 | |
| Telik, Inc. | * | | | 6,069 | | | | 4,734 | |
| Theravance, Inc. | * | | | 4,427 | | | | 55,647 | |
| Trimeris, Inc. | * | | | 4,014 | | | | 8,670 | |
| United Therapeutics Corp. | *† | | | 5,460 | | | | 266,503 | |
| Vanda Pharmaceuticals, Inc. | * | | | 4,137 | | | | 27,346 | |
| Vertex Pharmaceuticals, Inc. | * | | | 27,216 | | | | 895,406 | |
| XOMA Ltd. | * | | | 12,047 | | | | 4,987 | |
| Zymogenetics, Inc. | * | | | 4,513 | | | | 19,045 | |
| | | | | | | | | | | | | | 7,737,090 | |
| |
Building Products—0.6% |
| A.O. Smith Corp. | † | | | 3,198 | | | | 154,112 | |
| American Woodmark Corp. | | | | 800 | | | | 13,680 | |
| Ameron International Corp. | † | | | 853 | | | | 51,461 | |
| Apogee Enterprises, Inc. | † | | | 2,250 | | | | 24,368 | |
| Armstrong World Industries, Inc. | * | | | 1,930 | | | | 58,247 | |
| Gibraltar Industries, Inc. | * | | | 1,868 | | | | 18,867 | |
| Griffon Corp. | * | | | 6,441 | | | | 71,237 | |
| Insteel Industries, Inc. | | | | 2,829 | | | | 32,873 | |
| Lennox International, Inc. | | | | 7,815 | | | | 324,870 | |
| NCI Building Systems, Inc. | * | | | 8,291 | | | | 69,396 | |
| Owens Corning, Inc. | * | | | 14,713 | | | | 440,066 | |
| Quanex Building Products Corp. | | | | 3,376 | | | | 58,371 | |
| Simpson Manufacturing Co., Inc. | | | | 6,582 | | | | 161,588 | |
| Trex Co., Inc. | *† | | | 2,108 | | | | 42,350 | |
| U.S. Home Systems, Inc. | * | | | 1,624 | | | | 4,320 | |
| Universal Forest Products, Inc. | | | | 1,649 | | | | 49,981 | |
| USG Corp. | *† | | | 7,705 | | | | 93,076 | |
| | | | | | | | | | | | | | 1,668,863 | |
| |
Capital Markets—2.1% |
| Affiliated Managers Group, Inc. | * | | | 3,775 | | | | 229,407 | |
| American Capital Ltd. | *† | | | 23,861 | | | | 115,010 | |
| Apollo Investment Corp. | | | | 11,360 | | | | 105,989 | |
| Arlington Asset Investment Corp., Class A | † | | | 3,155 | | | | 59,409 | |
| Artio Global Investors, Inc. | | | | 9,475 | | | | 149,136 | |
| BGC Partners, Inc., Class A | | | | 6,185 | | | | 31,605 | |
| BlackRock, Inc. | | | | 4,862 | | | | 697,211 | |
| Calamos Asset Management, Inc., Class A | | | | 1,520 | | | | 14,106 | |
| Deerfield Capital Corp. | * | | | 522 | | | | 2,866 | |
| Diamond Hill Investment Group, Inc. | † | | | 649 | | | | 36,792 | |
| Eaton Vance Corp. | † | | | 13,485 | | | | 372,321 | |
| Evercore Partners, Inc., Class A | † | | | 3,799 | | | | 88,707 | |
| GAMCO Investors, Inc., Class A | | | | 639 | | | | 23,771 | |
| GFI Group, Inc. | | | | 23,966 | | | | 133,730 | |
| GLG Partners, Inc. | * | | | 25,997 | | | | 113,867 | |
| Greenhill & Co., Inc. | † | | | 2,682 | | | | 163,951 | |
See accompanying notes to financial statements.
208
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COMMON STOCKS—(Continued) |
| International Assets Holding Corp. | * | | | 1,308 | | | $ | 20,928 | |
| Investment Technology Group, Inc. | * | | | 4,541 | | | | 72,928 | |
| Jefferies Group, Inc. | † | | | 17,227 | | | | 363,145 | |
| KBW, Inc. | * | | | 7,119 | | | | 152,631 | |
| Knight Capital Group, Inc., Class A | * | | | 15,579 | | | | 214,834 | |
| LaBranche & Co., Inc. | * | | | 10,867 | | | | 46,511 | |
| MF Global Holdings Ltd. | * | | | 9,974 | | | | 56,951 | |
| optionsXpress Holdings, Inc. | * | | | 6,377 | | | | 100,374 | |
| Penson Worldwide, Inc. | * | | | 12,414 | | | | 70,015 | |
| Piper Jaffray Cos. | * | | | 2,312 | | | | 74,493 | |
| Raymond James Financial, Inc. | † | | | 13,321 | | | | 328,895 | |
| Safeguard Scientifics, Inc. | * | | | 3,658 | | | | 38,628 | |
| Sanders Morris Harris Group, Inc. | † | | | 2,882 | | | | 15,995 | |
| SEI Investments Co. | | | | 25,056 | | | | 510,140 | |
| Stifel Financial Corp. | * | | | 5,449 | | | | 236,432 | |
| SWS Group, Inc. | † | | | 12,809 | | | | 121,685 | |
| TD Ameritrade Holding Corp. | * | | | 43,819 | | | | 670,431 | |
| Teton Advisors, Inc., Class A | * | | | 15 | | | | 139 | |
| Thomas Weisel Partners Group, Inc. | * | | | 8,436 | | | | 49,688 | |
| TradeStation Group, Inc. | * | | | 3,191 | | | | 21,539 | |
| U.S. Global Investors, Inc., Class A | † | | | 6,927 | | | | 38,445 | |
| Virtus Investment Partners, Inc. | * | | | 1,094 | | | | 20,480 | |
| Waddell & Reed Financial, Inc., Class A | † | | | 10,428 | | | | 228,165 | |
| Westwood Holdings Group, Inc. | | | | 1,427 | | | | 50,159 | |
| | | | | | | | | | | | | | 5,841,509 | |
| |
Chemicals—2.7% |
| A. Schulman, Inc. | | | | 5,791 | | | | 109,797 | |
| Albemarle Corp. | † | | | 10,756 | | | | 427,121 | |
| Ampal-American Israel Corp., Class A | * | | | 15,776 | | | | 24,611 | |
| Arch Chemicals, Inc. | † | | | 2,418 | | | | 74,329 | |
| Ashland, Inc. | | | | 8,960 | | | | 415,923 | |
| Balchem Corp. | | | | 4,337 | | | | 108,425 | |
| Cabot Corp. | | | | 8,025 | | | | 193,483 | |
| Calgon Carbon Corp. | *† | | �� | 12,483 | | | | 165,275 | |
| Celanese Corp., Class A | | | | 15,502 | | | | 386,155 | |
| Cytec Industries, Inc. | | | | 4,725 | | | | 188,953 | |
| Ferro Corp. | * | | | 13,307 | | | | 98,073 | |
| Flotek Industries, Inc. | *† | | | 1,346 | | | | 1,629 | |
| Georgia Gulf Corp. | *† | | | 2,761 | | | | 36,832 | |
| H.B. Fuller Co. | | | | 4,230 | | | | 80,328 | |
| Huntsman Corp. | | | | 17,894 | | | | 155,141 | |
| Intrepid Potash, Inc. | *† | | | 4,761 | | | | 93,173 | |
| Koppers Holdings, Inc. | † | | | 2,428 | | | | 54,581 | |
| Kronos Worldwide, Inc. | *† | | | 235 | | | | 4,582 | |
| Landec Corp. | * | | | 8,822 | | | | 51,962 | |
| LSB Industries, Inc. | * | | | 4,087 | | | | 54,398 | |
| Lubrizol Corp. | | | | 7,361 | | | | 591,162 | |
| Material Sciences Corp. | * | | | 2,565 | | | | 7,721 | |
| Minerals Technologies, Inc. | | | | 1,341 | | | | 63,751 | |
| Mosaic Co. (The) | | | | 25,061 | | | | 976,878 | |
| Nalco Holding Co. | | | | 19,922 | | | | 407,604 | |
| NewMarket Corp. | | | | 1,651 | | | | 144,165 | |
| NL Industries, Inc. | † | | | 412 | | | | 2,513 | |
| Olin Corp. | | | | 6,749 | | | | 122,089 | |
| OM Group, Inc. | * | | | 3,216 | | | | 76,734 | |
| Omnova Solutions, Inc. | * | | | 3,769 | | | | 29,436 | |
| Penford Corp. | * | | | 2,075 | | | | 13,446 | |
| PolyOne Corp. | * | | | 11,067 | | | | 93,184 | |
| Quaker Chemical Corp. | | | | 1,303 | | | | 35,298 | |
| Rockwood Holdings, Inc. | * | | | 8,422 | | | | 191,095 | |
| RPM International, Inc. | | | | 20,823 | | | | 371,482 | |
| Scotts Miracle-Gro Co. (The), Class A | | | | 5,932 | | | | 263,440 | |
| Sensient Technologies Corp. | | | | 5,412 | | | | 140,333 | |
| Solutia, Inc. | *† | | | 14,802 | | | | 193,906 | |
| Spartech Corp. | * | | | 2,131 | | | | 21,843 | |
| Stepan Co. | | | | 1,197 | | | | 81,911 | |
| Valhi, Inc. | | | | 5,838 | | | | 72,041 | |
| Valspar Corp. | | | | 15,921 | | | | 479,540 | |
| W.R. Grace & Co. | * | | | 6,348 | | | | 133,562 | |
| Westlake Chemical Corp. | † | | | 2,003 | | | | 37,196 | |
| Zep, Inc. | | | | 2,287 | | | | 39,885 | |
| Zoltek Cos., Inc. | *† | | | 10,281 | | | | 87,080 | |
| | | | | | | | | | | | | | 7,402,066 | |
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Commercial Banks—4.5% |
| 1st Source Corp. | | | | 850 | | | | 14,382 | |
| Alliance Bankshares Corp. | * | | | 12,824 | | | | 34,497 | |
| AmericanWest Bancorp | * | | | 1,951 | | | | 390 | |
| Ameris Bancorp | * | | | 3,096 | | | | 29,904 | |
| Arrow Financial Corp. | | | | 2,255 | | | | 52,090 | |
| Associated Banc-Corp | | | | 22,622 | | | | 277,346 | |
| BancFirst Corp. | | | | 1,092 | | | | 39,847 | |
| Bancorp, Inc. (The)/Delaware | * | | | 4,479 | | | | 35,071 | |
| BancorpSouth, Inc. | † | | | 14,557 | | | | 260,279 | |
| BancTrust Financial Group, Inc. | *† | | | 4,800 | | | | 17,760 | |
| Bank of Hawaii Corp. | | | | 5,320 | | | | 257,222 | |
| Bank of the Ozarks, Inc. | † | | | 4,933 | | | | 174,974 | |
| Banner Corp. | † | | | 2,682 | | | | 5,310 | |
| BOK Financial Corp. | | | | 2,311 | | | | 109,703 | |
| Boston Private Financial Holdings, Inc. | | | | 8,952 | | | | 57,561 | |
| Bryn Mawr Bank Corp. | | | | 4,411 | | | | 74,017 | |
| Camden National Corp. | † | | | 1,411 | | | | 38,760 | |
| Capital Bank Corp. | | | | 1,283 | | | | 4,170 | |
| Capital City Bank Group, Inc. | † | | | 1,576 | | | | 19,511 | |
| CapitalSource, Inc. | | | | 30,538 | | | | 145,361 | |
| Capitol Bancorp Ltd. | *† | | | 1,172 | | | | 1,488 | |
| Cardinal Financial Corp. | | | | 5,028 | | | | 46,459 | |
| Cascade Bancorp | *† | | | 4,795 | | | | 2,302 | |
| Cascade Financial Corp. | * | | | 4,790 | | | | 2,275 | |
| Cathay General Bancorp | | | | 17,032 | | | | 175,941 | |
| Catskill Litigation Trust | *‡d | | | 583 | | | | — | |
| Center Financial Corp. | * | | | 3,188 | | | | 16,418 | |
| Central Pacific Financial Corp. | *† | | | 2,937 | | | | 4,405 | |
| Chemical Financial Corp. | | | | 2,317 | | | | 50,464 | |
| CIT Group, Inc. | * | | | 24,492 | | | | 829,299 | |
| Citizens Republic Bancorp, Inc. | * | | | 18,265 | | | | 15,525 | |
| City Holding Co. | | | | 1,962 | | | | 54,701 | |
| City National Corp./California | † | | | 5,385 | | | | 275,874 | |
| CoBiz Financial, Inc. | | | | 3,329 | | | | 21,938 | |
| Columbia Banking System, Inc. | | | | 8,874 | | | | 162,039 | |
| Commerce Bancshares, Inc./Missouri | | | | 6,962 | | | | 250,562 | |
| Community Bank System, Inc. | † | | | 3,080 | | | | 67,852 | |
| Community Trust Bancorp, Inc. | † | | | 1,658 | | | | 41,616 | |
| Cullen/Frost Bankers, Inc. | † | | | 8,336 | | | | 428,470 | |
| CVB Financial Corp. | † | | | 12,325 | | | | 117,087 | |
| Danvers Bancorp, Inc. | | | | 6,149 | | | | 88,853 | |
| East West Bancorp, Inc. | | | | 17,394 | | | | 265,259 | |
| Eastern Virginia Bankshares, Inc. | | | | 701 | | | | 4,564 | |
See accompanying notes to financial statements.
209
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| Fidelity Southern Corp. | * | | | 6,728 | | | $ | 44,136 | |
| Financial Institutions, Inc. | | | | 2,448 | | | | 43,476 | |
| First BanCorp. (Puerto Rico) | *† | | | 11,152 | | | | 5,911 | |
| First Bancorp/North Carolina | | | | 2,459 | | | | 35,631 | |
| First Busey Corp. | † | | | 2,491 | | | | 11,284 | |
| First Citizens BancShares, Inc./North Carolina, Class A | | | | 634 | | | | 121,937 | |
| First Commonwealth Financial Corp. | | | | 6,466 | | | | 33,947 | |
| First Financial Bancorp | | | | 6,617 | | | | 98,924 | |
| First Financial Bankshares, Inc. | † | | | 1,727 | | | | 83,051 | |
| First Merchants Corp. | | | | 2,436 | | | | 20,657 | |
| First Midwest Bancorp, Inc./Illinois | | | | 6,091 | | | | 74,067 | |
| First of Long Island Corp. (The) | † | | | 1,432 | | | | 36,817 | |
| First State Bancorporation/New Mexico | *† | | | 2,566 | | | | 795 | |
| FirstMerit Corp. | † | | | 13,334 | | | | 228,411 | |
| FNB Corp./Pennsylvania | | | | 16,886 | | | | 135,595 | |
| Fulton Financial Corp. | | | | 23,534 | | | | 227,103 | |
| Glacier Bancorp, Inc. | † | | | 8,361 | | | | 122,656 | |
| Great Southern Bancorp, Inc. | † | | | 1,809 | | | | 36,741 | |
| Green Bankshares, Inc. | *† | | | 2,129 | | | | 27,187 | |
| Guaranty Bancorp | * | | | 20,379 | | | | 21,602 | |
| Hancock Holding Co. | † | | | 5,296 | | | | 176,675 | |
| Hanmi Financial Corp. | *† | | | 5,069 | | | | 6,387 | |
| Heritage Commerce Corp. | * | | | 5,846 | | | | 20,753 | |
| Heritage Financial Corp./Washington | * | | | 972 | | | | 14,551 | |
| IBERIABANK Corp. | | | | 2,647 | | | | 136,268 | |
| Independent Bank Corp./Massachusetts | † | | | 3,125 | | | | 77,125 | |
| Independent Bank Corp./Michigan | † | | | 3,884 | | | | 1,472 | |
| Integra Bank Corp. | *† | | | 1,659 | | | | 1,261 | |
| International Bancshares Corp. | † | | | 6,833 | | | | 114,043 | |
| Investors Bancorp, Inc. | * | | | 15,442 | | | | 202,599 | |
| Lakeland Financial Corp. | | | | 4,180 | | | | 83,516 | |
| Macatawa Bank Corp. | *† | | | 1,599 | | | | 1,919 | |
| MainSource Financial Group, Inc. | | | | 3,185 | | | | 22,836 | |
| MB Financial, Inc. | † | | | 3,847 | | | | 70,746 | |
| Merchants Bancshares, Inc. | † | | | 1,298 | | | | 28,842 | |
| Midsouth Bancorp, Inc. | † | | | 3,651 | | | | 46,623 | |
| MidWestOne Financial Group, Inc. | † | | | 4,566 | | | | 70,682 | |
| Nara Bancorp, Inc. | * | | | 14,573 | | | | 122,850 | |
| National Penn Bancshares, Inc. | | | | 6,952 | | | | 41,782 | |
| NBT Bancorp, Inc. | | | | 4,152 | | | | 84,784 | |
| Northern States Financial Corp. | * | | | 4,695 | | | | 10,986 | |
| Northfield Bancorp, Inc. | † | | | 6,837 | | | | 88,744 | |
| Old National Bancorp/Indiana | † | | | 20,268 | | | | 209,976 | |
| Old Second Bancorp, Inc. | † | | | 1,975 | | | | 3,950 | |
| Oriental Financial Group, Inc. (Puerto Rico) | † | | | 5,322 | | | | 67,377 | |
| Pacific Capital Bancorp | *† | | | 5,547 | | | | 3,994 | |
| Pacific Premier Bancorp, Inc. | * | | | 977 | | | | 4,094 | |
| PacWest Bancorp | | | | 2,392 | | | | 43,798 | |
| Park National Corp. | † | | | 1,146 | | | | 74,536 | |
| Peapack Gladstone Financial Corp. | | | | 1,086 | | | | 12,706 | |
| Peoples Bancorp, Inc./Ohio | | | | 1,235 | | | | 17,908 | |
| Peoples Financial Corp./Mississippi | | | | 3,749 | | | | 39,739 | |
| Pinnacle Financial Partners, Inc. | *† | | | 2,764 | | | | 35,517 | |
| Popular, Inc. (Puerto Rico) | * | | | 88,355 | | | | 236,791 | |
| Preferred Bank/California | *† | | | 4,473 | | | | 9,349 | |
| PrivateBancorp, Inc. | | | | 12,737 | | | | 141,126 | |
| Prosperity Bancshares, Inc. | | | | 6,259 | | | | 217,500 | |
| Renasant Corp. | † | | | 2,255 | | | | 32,359 | |
| Republic Bancorp, Inc./Kentucky, Class A | | | | 2,055 | | | | 46,032 | |
| Royal Bancshares of Pennsylvania, Inc., Class A | * | | | 11,522 | | | | 34,566 | |
| S&T Bancorp, Inc. | † | | | 2,764 | | | | 54,617 | |
| Sandy Spring Bancorp, Inc. | † | | | 2,239 | | | | 31,368 | |
| Santander BanCorp (Puerto Rico) | *† | | | 511 | | | | 6,459 | |
| Seacoast Banking Corp. of Florida | *† | | | 2,998 | | | | 3,987 | |
| Shore Bancshares, Inc. | | | | 5,419 | | | | 64,540 | |
| Sierra Bancorp | † | | | 5,758 | | | | 66,217 | |
| Signature Bank/New York | * | | | 3,883 | | | | 147,593 | |
| Simmons First National Corp., Class A | | | | 2,377 | | | | 62,420 | |
| South Financial Group, Inc. (The) | | | | 10,203 | | | | 2,780 | |
| Southwest Bancorp, Inc./Oklahoma | | | | 2,739 | | | | 36,401 | |
| State Bancorp, Inc./New York | | | | 3,354 | | | | 31,863 | |
| Sterling Bancorp/New York | | | | 3,135 | | | | 28,215 | |
| Sterling Bancshares, Inc./Texas | | | | 8,065 | | | | 37,986 | |
| Sterling Financial Corp./Washington | *† | | | 4,010 | | | | 2,205 | |
| Suffolk Bancorp | † | | | 1,614 | | | | 49,937 | |
| Superior Bancorp | *† | | | 9,432 | | | | 18,204 | |
| Susquehanna Bancshares, Inc. | † | | | 7,650 | | | | 63,724 | |
| SVB Financial Group | * | | | 3,535 | | | | 145,748 | |
| SY Bancorp, Inc. | † | | | 2,543 | | | | 58,438 | |
| Synovus Financial Corp. | | | | 85,830 | | | | 218,008 | |
| TCF Financial Corp. | † | | | 11,585 | | | | 192,427 | |
| Texas Capital Bancshares, Inc. | *† | | | 4,544 | | | | 74,522 | |
| Tompkins Financial Corp. | † | | | 1,087 | �� | | | 41,034 | |
| TowneBank/Virginia | † | | | 2,280 | | | | 33,106 | |
| Trustmark Corp. | † | | | 6,697 | | | | 139,432 | |
| UMB Financial Corp. | † | | | 3,926 | | | | 139,609 | |
| Umpqua Holdings Corp. | | | | 12,005 | | | | 137,817 | |
| Union First Market Bankshares Corp. | | | | 2,131 | | | | 26,126 | |
| United Bankshares, Inc. | † | | | 4,222 | | | | 101,075 | |
| United Community Banks, Inc./Georgia | * | | | 19,329 | | | | 76,350 | |
| Valley National Bancorp | † | | | 18,782 | | | | 255,811 | |
| Virginia Commerce Bancorp, Inc. | *† | | | 10,179 | | | | 63,619 | |
| Washington Trust Bancorp, Inc. | | | | 2,413 | | | | 41,118 | |
| Webster Financial Corp. | | | | 10,567 | | | | 189,572 | |
| WesBanco, Inc. | | | | 2,340 | | | | 39,429 | |
| West Coast Bancorp/Oregon | | | | 8,317 | | | | 21,208 | |
| Westamerica Bancorporation | | | | 4,834 | | | | 253,882 | |
| Western Alliance Bancorp | * | | | 28,710 | | | | 205,851 | |
| Whitney Holding Corp./Louisiana | | | | 13,698 | | | | 126,706 | |
| Wilmington Trust Corp. | | | | 14,631 | | | | 162,258 | |
| Wilshire Bancorp, Inc. | † | | | 9,585 | | | | 83,869 | |
| Wintrust Financial Corp. | † | | | 2,780 | | | | 92,685 | |
| | | | | | | | | | | | | | 12,266,452 | |
| |
Commercial Services & Supplies—1.5% |
| ABM Industries, Inc. | † | | | 4,088 | | | | 85,644 | |
| ACCO Brands Corp. | * | | | 6,182 | | | | 30,848 | |
| American Reprographics Co. | * | | | 3,490 | | | | 30,468 | |
| APAC Customer Services, Inc. | * | | | 1,972 | | | | 11,240 | |
| ATC Technology Corp. | * | | | 3,157 | | | | 50,891 | |
See accompanying notes to financial statements.
210
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| Bowne & Co., Inc. | | | | 15,821 | | | $ | 177,512 | |
| Brink’s Co. (The) | | | | 4,902 | | | | 93,285 | |
| Casella Waste Systems, Inc., Class A | * | | | 5,820 | | | | 22,232 | |
| Cenveo, Inc. | * | | | 10,269 | | | | 56,274 | |
| Clean Harbors, Inc. | * | | | 2,843 | | | | 188,804 | |
| Consolidated Graphics, Inc. | * | | | 699 | | | | 30,225 | |
| Copart, Inc. | * | | | 7,116 | | | | 254,824 | |
| Cornell Cos., Inc. | * | | | 5,073 | | | | 136,311 | |
| Corrections Corp. of America | *† | | | 17,225 | | | | 328,653 | |
| Courier Corp. | | | | 1,904 | | | | 23,248 | |
| Covanta Holding Corp. | * | | | 17,099 | | | | 283,672 | |
| Deluxe Corp. | | | | 6,291 | | | | 117,956 | |
| EnergySolutions, Inc. | | | | 17,158 | | | | 87,334 | |
| Ennis, Inc. | | | | 2,217 | | | | 33,277 | |
| G&K Services, Inc., Class A | | | | 1,576 | | | | 32,544 | |
| Geo Group, Inc. (The) | * | | | 5,626 | | | | 116,739 | |
| Healthcare Services Group, Inc. | | | | 3,902 | | | | 73,943 | |
| Herman Miller, Inc. | | | | 5,018 | | | | 94,690 | |
| HNI Corp. | | | | 3,310 | | | | 91,323 | |
| Interface, Inc., Class A | | | | 3,470 | | | | 37,268 | |
| Intersections, Inc. | * | | | 1,900 | | | | 7,885 | |
| Kimball International, Inc., Class B | | | | 4,445 | | | | 24,581 | |
| Knoll, Inc. | | | | 4,195 | | | | 55,751 | |
| M&F Worldwide Corp. | * | | | 1,251 | | | | 33,902 | |
| McGrath Rentcorp | | | | 2,460 | | | | 56,039 | |
| Metalico, Inc. | * | | | 1,513 | | | | 6,022 | |
| Mine Safety Appliances Co. | | | | 2,725 | | | | 67,525 | |
| Mobile Mini, Inc. | *† | | | 3,320 | | | | 54,050 | |
| Multi-Color Corp. | | | | 1,912 | | | | 19,579 | |
| Perma-Fix Environmental Services, Inc. | * | | | 25,765 | | | | 41,482 | |
| Rollins, Inc. | | | | 10,958 | | | | 226,721 | |
| Standard Register Co. (The) | † | | | 1,650 | | | | 5,181 | |
| Steelcase, Inc., Class A | † | | | 13,461 | | | | 104,323 | |
| Sykes Enterprises, Inc. | * | | | 3,519 | | | | 50,075 | |
| Team, Inc. | *† | | | 1,659 | | | | 21,650 | |
| Tetra Tech, Inc. | * | | | 6,841 | | | | 134,152 | |
| TRC Cos., Inc. | * | | | 11,036 | | | | 34,101 | |
| United Stationers, Inc. | * | | | 2,055 | | | | 111,936 | |
| US Ecology, Inc. | | | | 9,547 | | | | 139,100 | |
| Viad Corp. | | | | 1,978 | | | | 34,912 | |
| Virco Mfg. Corp. | | | | 1,859 | | | | 5,577 | |
| Waste Connections, Inc. | * | | | 11,552 | | | | 403,049 | |
| | | | | | | | | | | | | | 4,126,798 | |
| |
Communications Equipment—1.8% |
| ADC Telecommunications, Inc. | *† | | | 10,538 | | | | 78,087 | |
| ADTRAN, Inc. | † | | | 9,841 | | | | 268,364 | |
| Alliance Fiber Optic Products, Inc. | | | | 4,818 | | | | 6,745 | |
| AltiGen Communications, Inc. | * | | | 4,110 | | | | 2,918 | |
| Anaren, Inc. | * | | | 2,003 | | | | 29,925 | |
| Arris Group, Inc. | * | | | 13,085 | | | | 133,336 | |
| Aruba Networks, Inc. | *† | | | 8,773 | | | | 124,927 | |
| Aviat Networks, Inc. | * | | | 4,485 | | | | 16,281 | |
| BigBand Networks, Inc. | * | | | 9,995 | | | | 30,185 | |
| Black Box Corp. | | | | 1,414 | | | | 39,436 | |
| Blonder Tongue Laboratories, Inc. | * | | | 2,285 | | | | 2,970 | |
| Blue Coat Systems, Inc. | * | | | 7,314 | | | | 149,425 | |
| Brocade Communications Systems, Inc. | * | | | 47,452 | | | | 244,852 | |
| Ciena Corp. | * | | | 11,091 | | | | 140,634 | |
| CommScope, Inc. | * | | | 9,410 | | | | 223,676 | |
| Comtech Telecommunications Corp. | *† | | | 3,394 | | | | 101,582 | |
| DG FastChannel, Inc. | *† | | | 1,773 | | | | 57,764 | |
| Digi International, Inc. | * | | | 2,517 | | | | 20,816 | |
| Digital Angel Corp. | * | | | 584 | | | | 293 | |
| Ditech Networks, Inc. | * | | | 3,980 | | | | 5,055 | |
| EchoStar Corp., Class A | * | | | 4,738 | | | | 90,401 | |
| Emcore Corp. | *† | | | 6,178 | | | | 5,498 | |
| EMS Technologies, Inc. | * | | | 1,782 | | | | 26,766 | |
| Emulex Corp. | * | | | 9,660 | | | | 88,679 | |
| EndWave Corp. | * | | | 912 | | | | 3,010 | |
| Extreme Networks, Inc. | * | | | 9,940 | | | | 26,838 | |
| F5 Networks, Inc. | * | | | 11,292 | | | | 774,292 | |
| Finisar Corp. | *† | | | 5,319 | | | | 79,253 | |
| Globecomm Systems, Inc. | * | | | 5,067 | | | | 41,803 | |
| Harmonic, Inc. | * | | | 16,372 | | | | 89,064 | |
| Hughes Communications, Inc. | * | | | 2,954 | | | | 71,871 | |
| Identive Group, Inc. | * | | | 1,494 | | | | 2,390 | |
| Infinera Corp. | * | | | 8,890 | | | | 57,163 | |
| InterDigital, Inc. | *† | | | 5,968 | | | | 147,350 | |
| Ixia | * | | | 5,492 | | | | 47,176 | |
| KVH Industries, Inc. | * | | | 3,755 | | | | 46,637 | |
| Loral Space & Communications, Inc. | *† | | | 1,513 | | | | 64,635 | |
| NETGEAR, Inc. | * | | | 3,410 | | | | 60,834 | |
| Network Engines, Inc. | * | | | 1,330 | | | | 3,604 | |
| Network Equipment Technologies, Inc. | *† | | | 2,454 | | | | 8,564 | |
| Numerex Corp., Class A | * | | | 1,800 | | | | 7,812 | |
| Oclaro, Inc. | *† | | | 4,578 | | | | 50,770 | |
| Oplink Communications, Inc. | * | | | 1,808 | | | | 25,909 | |
| Optelecom-NKF, Inc. | * | | | 3,399 | | | | 4,929 | |
| Optical Cable Corp. | * | | | 241 | | | | 704 | |
| ORBCOMM, Inc. | * | | | 3,512 | | | | 6,392 | |
| Palm, Inc. | * | | | 15,774 | | | | 89,754 | |
| Parkervision, Inc. | * | | | 2,943 | | | | 3,738 | |
| Performance Technologies, Inc. | * | | | 794 | | | | 1,969 | |
| Plantronics, Inc. | † | | | 5,895 | | | | 168,597 | |
| Polycom, Inc. | * | | | 12,263 | | | | 365,315 | |
| Powerwave Technologies, Inc. | *† | | | 8,448 | | | | 13,010 | |
| Riverbed Technology, Inc. | *† | | | 10,699 | | | | 295,506 | |
| SeaChange International, Inc. | * | | | 3,359 | | | | 27,645 | |
| Sonus Networks, Inc. | * | | | 58,914 | | | | 159,657 | |
| Sycamore Networks, Inc. | | | | 1,477 | | | | 24,548 | |
| Symmetricom, Inc. | * | | | 6,110 | | | | 31,100 | |
| Tekelec | *† | | | 6,288 | | | | 83,253 | |
| Tollgrade Communications, Inc. | * | | | 5,462 | | | | 34,411 | |
| UTStarcom, Inc. | *† | | | 14,322 | | | | 26,352 | |
| Viasat, Inc. | * | | | 2,822 | | | | 91,884 | |
| Westell Technologies, Inc., Class A | * | | | 3,671 | | | | 5,727 | |
| Zoom Technologies, Inc. | *† | | | 542 | | | | 2,775 | |
| | | | | | | | | | | | | | 4,934,856 | |
| |
Computers & Peripherals—0.8% |
| 3PAR, Inc. | *† | | | 3,566 | | | | 33,199 | |
| ActivIdentity Corp. | *† | | | 5,830 | | | | 11,135 | |
| ADPT Corp. | * | | | 45,448 | | | | 131,345 | |
| Avid Technology, Inc. | * | | | 2,658 | | | | 33,836 | |
| Concurrent Computer Corp. | * | | | 759 | | | | 3,507 | |
| Cray, Inc. | * | | | 4,598 | | | | 25,657 | |
| Dataram Corp. | *† | | | 1,175 | | | | 1,751 | |
| Diebold, Inc. | † | | | 9,120 | | | | 248,520 | |
| Dot Hill Systems Corp. | * | | | 3,866 | | | | 4,601 | |
| Electronics for Imaging, Inc. | * | | | 3,912 | | | | 38,142 | |
| Hutchinson Technology, Inc. | * | | | 2,054 | | | | 8,894 | |
See accompanying notes to financial statements.
211
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| Hypercom Corp. | * | | | 4,002 | | | $ | 18,569 | |
| iGO, Inc. | * | | | 2,804 | | | | 4,206 | |
| Imation Corp. | * | | | 13,307 | | | | 122,291 | |
| Immersion Corp. | * | | | 5,977 | | | | 30,244 | |
| Intermec, Inc. | * | | | 4,513 | | | | 46,258 | |
| Intevac, Inc. | * | | | 3,057 | | | | 32,618 | |
| NCR Corp. | * | | | 14,128 | | | | 171,231 | |
| Novatel Wireless, Inc. | *† | | | 6,808 | | | | 39,078 | |
| Overland Storage, Inc. | * | | | 9,851 | | | | 19,899 | |
| Presstek, Inc. | * | | | 6,107 | | | | 21,558 | |
| Quantum Corp. | * | | | 58,778 | | | | 110,503 | |
| Rimage Corp. | * | | | 924 | | | | 14,627 | |
| Seagate Technology (Cayman Islands) | * | | | 55,086 | | | | 718,321 | |
| Silicon Graphics International Corp. | * | | | 3,088 | | | | 21,863 | |
| STEC, Inc. | *† | | | 12,383 | | | | 155,530 | |
| Stratasys, Inc. | *† | | | 1,962 | | | | 48,187 | |
| Synaptics, Inc. | *† | | | 3,209 | | | | 88,247 | |
| TransAct Technologies, Inc. | * | | | 889 | | | | 6,490 | |
| | | | | | | | | | | | | | 2,210,307 | |
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Construction & Engineering—0.8% |
| Aecom Technology Corp. | * | | | 12,879 | | | | 296,990 | |
| Comfort Systems USA, Inc. | | | | 3,803 | | | | 36,737 | |
| Dycom Industries, Inc. | * | | | 5,316 | | | | 45,452 | |
| EMCOR Group, Inc. | * | | | 6,332 | | | | 146,712 | |
| Furmanite Corp. | * | | | 4,100 | | | | 16,277 | |
| Granite Construction, Inc. | | | | 5,033 | | | | 118,678 | |
| Insituform Technologies, Inc., Class A | *† | | | 2,980 | | | | 61,030 | |
| KBR, Inc. | | | | 21,622 | | | | 439,791 | |
| Layne Christensen Co. | * | | | 1,813 | | | | 44,002 | |
| MasTec, Inc. | * | | | 7,089 | | | | 66,637 | |
| Northwest Pipe Co. | * | | | 1,025 | | | | 19,475 | |
| Orion Marine Group, Inc. | * | | | 7,828 | | | | 111,158 | |
| Pike Electric Corp. | * | | | 1,369 | | | | 12,896 | |
| Shaw Group, Inc. (The) | * | | | 12,224 | | | | 418,305 | |
| Sterling Construction Co., Inc. | * | | | 1,751 | | | | 22,658 | |
| Tutor Perini Corp. | * | | | 4,186 | | | | 68,985 | |
| URS Corp. | * | | | 8,049 | | | | 316,728 | |
| | | | | | | | | | | | | | 2,242,511 | |
| |
Construction Materials—0.2% |
| Eagle Materials, Inc. | | | | 4,454 | | | | 115,492 | |
| Headwaters, Inc. | * | | | 2,476 | | | | 7,032 | |
| Martin Marietta Materials, Inc. | † | | | 3,473 | | | | 294,545 | |
| Texas Industries, Inc. | | | | 2,313 | | | | 68,326 | |
| | | | | | | | | | | | | | 485,395 | |
| |
Consumer Finance—0.3% |
| Advance America Cash Advance Centers, Inc. | | | | 6,040 | | | | 24,945 | |
| AmeriCredit Corp. | * | | | 8,974 | | | | 163,506 | |
| Cash America International, Inc. | | | | 4,253 | | | | 145,751 | |
| CompuCredit Holdings Corp. | | | | 2,023 | | | | 8,011 | |
| Dollar Financial Corp. | * | | | 5,148 | | | | 101,879 | |
| Ezcorp, Inc., Class A | * | | | 6,505 | | | | 120,668 | |
| First Cash Financial Services, Inc. | *† | | | 4,879 | | | | 106,362 | |
| First Marblehead Corp. (The) | * | | | 4,118 | | | | 9,677 | |
| Nelnet, Inc., Class A | † | | | 4,517 | | | | 87,088 | |
| Rewards Network, Inc. | | | | 4,072 | | | | 55,664 | |
| Student Loan Corp. (The) | | | | 247 | | | | 5,948 | |
| World Acceptance Corp. | *† | | | 1,219 | | | | 46,700 | |
| | | | | | | | | | | | | | 876,199 | |
| |
Containers & Packaging—0.9% |
| AEP Industries, Inc. | * | | | 1,109 | | | | 26,483 | |
| AptarGroup, Inc. | | | | 5,916 | | | | 223,743 | |
| Crown Holdings, Inc. | * | | | 25,366 | | | | 635,165 | |
| Graphic Packaging Holding Co. | * | | | 15,948 | | | | 50,236 | |
| Greif, Inc., Class A | | | | 3,616 | | | | 200,833 | |
| Myers Industries, Inc. | | | | 1,717 | | | | 13,890 | |
| Packaging Corp. of America | | | | 16,549 | | | | 364,409 | |
| Rock-Tenn Co., Class A | | | | 3,973 | | | | 197,339 | |
| Silgan Holdings, Inc. | | | | 6,184 | | | | 175,502 | |
| Sonoco Products Co. | | | | 8,131 | | | | 247,833 | |
| Temple-Inland, Inc. | | | | 14,650 | | | | 302,815 | |
| | | | | | | | | | | | | | 2,438,248 | |
| |
Distributors—0.1% |
| Audiovox Corp., Class A | * | | | 2,945 | | | | 21,646 | |
| LKQ Corp. | * | | | 15,803 | | | | 304,682 | |
| | | | | | | | | | | | | | 326,328 | |
| |
Diversified Consumer Services—1.0% |
| American Public Education, Inc. | * | | | 2,444 | | | | 106,803 | |
| Capella Education Co. | *† | | | 3,030 | | | | 246,491 | |
| Career Education Corp. | * | | | 11,019 | | | | 253,657 | |
| Coinstar, Inc. | *† | | | 3,326 | | | | 142,918 | |
| Corinthian Colleges, Inc. | *† | | | 12,128 | | | | 119,461 | |
| Education Management Corp. | *† | | | 2,173 | | | | 33,138 | |
| Grand Canyon Education, Inc. | * | | | 3,487 | | | | 81,700 | |
| Hillenbrand, Inc. | | | | 5,927 | | | | 126,779 | |
| ITT Educational Services, Inc. | *† | | | 4,939 | | | | 410,036 | |
| Jackson Hewitt Tax Service, Inc. | *† | | | 5,730 | | | | 6,475 | |
| K12, Inc. | *† | | | 3,737 | | | | 82,887 | |
| Learning Tree International, Inc. | * | | | 4,044 | | | | 43,877 | |
| Matthews International Corp., Class A | | | | 3,279 | | | | 96,009 | |
| Pre-Paid Legal Services, Inc. | *† | | | 780 | | | | 35,482 | |
| Princeton Review, Inc. | *† | | | 11,268 | | | | 26,142 | |
| Regis Corp. | † | | | 6,820 | | | | 106,187 | |
| Service Corp. International | † | | | 35,372 | | | | 261,753 | |
| Sotheby’s | | | | 8,357 | | | | 191,125 | |
| Steiner Leisure Ltd. (Bahamas) | *† | | | 1,645 | | | | 63,234 | |
| Stewart Enterprises, Inc., Class A | † | | | 6,846 | | | | 37,037 | |
| Strayer Education, Inc. | † | | | 944 | | | | 196,248 | |
| Universal Technical Institute, Inc. | * | | | 2,513 | | | | 59,407 | |
| Weight Watchers International, Inc. | † | | | 3,890 | | | | 99,934 | |
| | | | | | | | | | | | | | 2,826,780 | |
| |
Diversified Financial Services—0.4% |
| Asset Acceptance Capital Corp. | * | | | 3,797 | | | | 15,720 | |
| Asta Funding, Inc. | † | | | 1,791 | | | | 17,677 | |
| Interactive Brokers Group, Inc., Class A | *† | | | 5,854 | | | | 97,176 | |
| MarketAxess Holdings, Inc. | † | | | 4,426 | | | | 61,034 | |
| Medallion Financial Corp. | | | | 2,518 | | | | 16,619 | |
| MSCI, Inc., Class A | * | | | 15,704 | | | | 430,290 | |
| PHH Corp. | * | | | 9,842 | | | | 187,392 | |
| Pico Holdings, Inc. | * | | | 1,955 | | | | 58,591 | |
| Portfolio Recovery Associates, Inc. | * | | | 1,413 | | | | 94,360 | |
| Resource America, Inc., Class A | | | | 1,547 | | | | 5,956 | |
| | | | | | | | | | | | | | 984,815 | |
See accompanying notes to financial statements.
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Diversified Telecommunication Services—0.5% |
| 8x8, Inc. | * | | | 25,847 | | | $ | 32,309 | |
| AboveNet, Inc. | * | | | 1,644 | | | | 77,564 | |
| Alaska Communications Systems Group, Inc. | † | | | 4,537 | | | | 38,519 | |
| Atlantic Tele-Network, Inc. | † | | | 1,034 | | | | 42,704 | |
| Cbeyond, Inc. | *† | | | 3,092 | | | | 38,650 | |
| Cincinnati Bell, Inc. | *† | | | 49,090 | | | | 147,761 | |
| Cogent Communications Group, Inc. | * | | | 3,453 | | | | 26,174 | |
| Consolidated Communications Holdings, Inc. | | | | 10,790 | | | | 183,538 | |
| General Communication, Inc., Class A | * | | | 3,847 | | | | 29,199 | |
| Global Crossing Ltd. (Bermuda) | * | | | 4,359 | | | | 46,075 | |
| HickoryTech Corp. | † | | | 2,286 | | | | 15,430 | |
| IDT Corp., Class B | * | | | 1,600 | | | | 20,400 | |
| Integrated Telecom Express, Inc. | *‡d | | | 1,103 | | | | — | |
| Level 3 Communications, Inc. | * | | | 260,929 | | | | 284,413 | |
| Neutral Tandem, Inc. | *† | | | 5,270 | | | | 59,287 | |
| PAETEC Holding Corp. | * | | | 14,158 | | | | 48,279 | |
| Premiere Global Services, Inc. | * | | | 5,642 | | | | 35,770 | |
| Superior TeleCom, Inc. | *‡d | | | 2,014 | | | | — | |
| SureWest Communications | * | | | 6,213 | | | | 39,390 | |
| tw telecom inc. | * | | | 14,756 | | | | 246,130 | |
| XETA Technologies, Inc. | * | | | 1,947 | | | | 5,938 | |
| | | | | | | | | | | | | | 1,417,530 | |
| |
Electric Utilities—1.4% |
| Allete, Inc. | | | | 2,672 | | | | 91,489 | |
| Central Vermont Public Service Corp. | † | | | 6,116 | | | | 120,730 | |
| Cleco Corp. | | | | 9,080 | | | | 239,803 | |
| DPL, Inc. | | | | 18,189 | | | | 434,717 | |
| El Paso Electric Co. | * | | | 5,489 | | | | 106,212 | |
| Empire District Electric Co. (The) | | | | 11,096 | | | | 208,272 | |
| Great Plains Energy, Inc. | | | | 21,496 | | | | 365,862 | |
| Hawaiian Electric Industries, Inc. | | | | 13,850 | | | | 315,503 | |
| IDACORP, Inc. | | | | 5,144 | | | | 171,141 | |
| ITC Holdings Corp. | | | | 5,806 | | | | 307,195 | |
| MGE Energy, Inc. | | | | 4,750 | | | | 171,190 | |
| NV Energy, Inc. | | | | 38,483 | | | | 454,484 | |
| PNM Resources, Inc. | | | | 12,182 | | | | 136,195 | |
| Portland General Electric Co. | | | | 12,338 | | | | 226,156 | |
| UIL Holdings Corp. | | | | 2,136 | | | | 53,464 | |
| Unisource Energy Corp. | | | | 4,410 | | | | 133,094 | |
| Unitil Corp. | † | | | 1,689 | | | | 35,317 | |
| Westar Energy, Inc. | | | | 15,071 | | | | 325,684 | |
| | | | | | | | | | | | | | 3,896,508 | |
| |
Electrical Equipment—1.2% |
| A123 Systems, Inc. | *† | | | 16,383 | | | | 154,492 | |
| Active Power, Inc. | * | | | 28,492 | | | | 22,227 | |
| Acuity Brands, Inc. | † | | | 3,098 | | | | 112,705 | |
| American Superconductor Corp. | *† | | | 4,615 | | | | 123,174 | |
| AMETEK, Inc. | | | | 12,936 | | | | 519,380 | |
| AZZ, Inc. | † | | | 1,134 | | | | 41,697 | |
| Baldor Electric Co. | | | | 4,046 | | | | 145,980 | |
| Belden, Inc. | † | | | 4,570 | | | | 100,540 | |
| Brady Corp., Class A | | | | 4,341 | | | | 108,178 | |
| C&D Technologies, Inc. | *† | | | 5,424 | | | | 4,779 | |
| Capstone Turbine Corp. | *† | | | 15,089 | | | | 14,787 | |
| Encore Wire Corp. | † | | | 1,693 | | | | 30,796 | |
| EnerSys | * | | | 9,805 | | | | 209,533 | |
| Franklin Electric Co., Inc. | | | | 3,929 | | | | 113,234 | |
| FuelCell Energy, Inc. | *† | | | 9,197 | | | | 10,852 | |
| General Cable Corp. | *† | | | 5,830 | | | | 155,369 | |
| GrafTech International Ltd. | * | | | 14,017 | | | | 204,928 | |
| Hubbell, Inc., Class B | | | | 4,476 | | | | 177,652 | |
| II-VI, Inc. | * | | | 1,982 | | | | 58,727 | |
| LaBarge, Inc. | *† | | | 2,232 | | | | 25,467 | |
| LSI Industries, Inc. | | | | 3,003 | | | | 14,655 | |
| Magnetek, Inc. | * | | | 4,586 | | | | 4,219 | |
| Orbit International Corp. | * | | | 2,812 | | | | 9,589 | |
| Plug Power, Inc. | * | | | 8,935 | | | | 4,110 | |
| Powell Industries, Inc. | * | | | 1,046 | | | | 28,598 | |
| PowerSecure International, Inc. | *† | | | 2,650 | | | | 24,088 | |
| Regal-Beloit Corp. | | | | 4,609 | | | | 257,090 | |
| Servotronics, Inc. | | | | 3,119 | | | | 28,071 | |
| Thomas & Betts Corp. | * | | | 7,800 | | | | 270,660 | |
| Ultralife Corp. | * | | | 3,672 | | | | 15,790 | |
| Universal Security Instruments, Inc. | * | | | 266 | | | | 1,583 | |
| Valence Technology, Inc. | *† | | | 4,773 | | | | 3,437 | |
| Vicor Corp. | * | | | 3,481 | | | | 43,478 | |
| Woodward Governor Co. | | | | 4,951 | | | | 126,399 | |
| | | | | | | | | | | | | | 3,166,264 | |
| |
Electronic Equipment, Instruments & Components—2.1% |
| Agilysys, Inc. | | | | 2,266 | | | | 15,160 | |
| Anixter International, Inc. | * | | | 4,318 | | | | 183,947 | |
| Arrow Electronics, Inc. | * | | | 13,924 | | | | 311,201 | |
| Avnet, Inc. | * | | | 21,240 | | | | 512,096 | |
| AVX Corp. | | | | 4,035 | | | | 51,729 | |
| Benchmark Electronics, Inc. | * | | | 8,272 | | | | 131,111 | |
| Brightpoint, Inc. | * | | | 11,893 | | | | 83,251 | |
| CalAmp Corp. | *† | | | 7,372 | | | | 15,702 | |
| Checkpoint Systems, Inc. | *† | | | 2,970 | | | | 51,559 | |
| Cogent, Inc. | * | | | 17,179 | | | | 154,783 | |
| Cognex Corp. | | | | 3,335 | | | | 58,629 | |
| Coherent, Inc. | * | | | 2,327 | | | | 79,816 | |
| CTS Corp. | | | | 4,578 | | | | 42,301 | |
| Daktronics, Inc. | † | | | 3,564 | | | | 26,730 | |
| Dolby Laboratories, Inc., Class A | * | | | 5,544 | | | | 347,553 | |
| DTS, Inc. | *† | | | 1,605 | | | | 52,756 | |
| Echelon Corp. | *† | | | 3,748 | | | | 27,473 | |
| Electro Rent Corp. | | | | 2,563 | | | | 32,781 | |
| Electro Scientific Industries, Inc. | * | | | 3,685 | | | | 49,232 | |
| Electro-Sensors, Inc. | | | | 2,581 | | | | 10,169 | |
| FARO Technologies, Inc. | * | | | 1,212 | | | | 22,677 | |
| Frequency Electronics, Inc. | * | | | 822 | | | | 3,822 | |
| Gerber Scientific, Inc. | * | | | 3,478 | | | | 18,607 | |
| ID Systems, Inc. | * | | | 2,437 | | | | 6,458 | |
| Ingram Micro, Inc., Class A | * | | | 27,318 | | | | 414,960 | |
| Insight Enterprises, Inc. | * | | | 2,944 | | | | 38,743 | |
| IPG Photonics Corp. | *† | | | 6,852 | | | | 104,356 | |
| Iteris, Inc. | * | | | 4,264 | | | | 5,756 | |
| Itron, Inc. | * | | | 5,025 | | | | 310,646 | |
| Keithley Instruments, Inc. | † | | | 2,170 | | | | 19,161 | |
| L-1 Identity Solutions, Inc. | * | | | 6,227 | | | | 50,999 | |
| LeCroy Corp. | * | | | 2,720 | | | | 13,029 | |
| Lightpath Technologies, Inc., Class A | *† | | | 17,646 | | | | 28,057 | |
| Littelfuse, Inc. | * | | | 2,845 | | | | 89,931 | |
| LoJack Corp. | * | | | 1,880 | | | | 6,937 | |
| LRAD Corp. | *† | | | 3,686 | | | | 4,608 | |
| Maxwell Technologies, Inc. | *† | | | 3,381 | | | | 38,543 | |
See accompanying notes to financial statements.
213
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COMMON STOCKS—(Continued) |
| Measurement Specialties, Inc. | * | | | 3,063 | | | $ | 41,963 | |
| Mercury Computer Systems, Inc. | * | | | 2,443 | | | | 28,656 | |
| Mesa Laboratories, Inc. | | | | 1,200 | | | | 28,824 | |
| Methode Electronics, Inc. | | | | 12,888 | | | | 125,529 | |
| Microvision, Inc. | *† | | | 11,623 | | | | 34,404 | |
| MTS Systems Corp. | | | | 1,818 | | | | 52,722 | |
| National Instruments Corp. | | | | 6,401 | | | | 203,424 | |
| Newport Corp. | * | | | 3,015 | | | | 27,316 | |
| NU Horizons Electronics Corp. | * | | | 3,069 | | | | 9,391 | |
| OI Corp. | | | | 1,600 | | | | 12,360 | |
| OSI Systems, Inc. | * | | | 2,179 | | | | 60,511 | |
| Park Electrochemical Corp. | | | | 1,950 | | | | 47,600 | |
| PC Connection, Inc. | * | | | 2,755 | | | | 16,695 | |
| Planar Systems, Inc. | * | | | 8,504 | | | | 14,542 | |
| Plexus Corp. | *† | | | 4,010 | | | | 107,227 | |
| Power-One, Inc. | *† | | | 22,036 | | | | 148,743 | |
| Radisys Corp. | * | | | 2,757 | | | | 26,247 | |
| Research Frontiers, Inc. | * | | | 2,932 | | | | 12,960 | |
| Rofin-Sinar Technologies, Inc. | *† | | | 3,102 | | | | 64,584 | |
| Rogers Corp. | *† | | | 1,417 | | | | 39,350 | |
| Sanmina-SCI Corp. | * | | | 8,065 | | | | 109,765 | |
| ScanSource, Inc. | * | | | 1,798 | | | | 44,824 | |
| Sigmatron International, Inc. | * | | | 283 | | | | 1,500 | |
| SMART Modular Technologies (WWH), Inc. | * | | | 10,564 | | | | 61,799 | |
| Spectrum Control, Inc. | * | | | 1,195 | | | | 16,706 | |
| SYNNEX Corp. | *† | | | 3,024 | | | | 77,475 | |
| Tech Data Corp. | * | | | 6,682 | | | | 238,013 | |
| Technitrol, Inc. | | | | 7,988 | | | | 25,242 | |
| Trans-Lux Corp. | * | | | 867 | | | | 529 | |
| Trimble Navigation Ltd. | * | | | 13,717 | | | | 384,076 | |
| TTM Technologies, Inc. | * | | | 3,547 | | | | 33,697 | |
| Universal Display Corp. | *† | | | 2,789 | | | | 50,146 | |
| Vishay Intertechnology, Inc. | * | | | 15,234 | | | | 117,911 | |
| X-Rite, Inc. | *† | | | 2,441 | | | | 9,007 | |
| Zygo Corp. | * | | | 2,489 | | | | 20,186 | |
| | | | | | | | | | | | | | 5,709,193 | |
| |
Energy Equipment & Services—1.7% |
| Allis-Chalmers Energy, Inc. | * | | | 4,292 | | | | 8,842 | |
| Atwood Oceanics, Inc. | * | | | 5,328 | | | | 135,971 | |
| Basic Energy Services, Inc. | *† | | | 2,408 | | | | 18,542 | |
| Bolt Technology Corp. | * | | | 3,477 | | | | 30,424 | |
| Bristow Group, Inc. | *† | | | 2,203 | | | | 64,768 | |
| Bronco Drilling Co., Inc. | *† | | | 9,298 | | | | 31,148 | |
| Cal Dive International, Inc. | * | | | 25,404 | | | | 148,613 | |
| CARBO Ceramics, Inc. | | | | 1,582 | | | | 114,205 | |
| Complete Production Services, Inc. | * | | | 10,414 | | | | 148,920 | |
| Dawson Geophysical Co. | *† | | | 930 | | | | 19,781 | |
| Dresser-Rand Group, Inc. | * | | | 9,930 | | | | 313,292 | |
| Dril-Quip, Inc. | * | | | 3,007 | | | | 132,368 | |
| Exterran Holdings, Inc. | * | | | 5,880 | | | | 151,763 | |
| Global Industries Ltd. | * | | | 33,055 | | | | 148,417 | |
| Gulfmark Offshore, Inc., Class A | * | | | 3,081 | | | | 80,722 | |
| Helix Energy Solutions Group, Inc. | * | | | 9,910 | | | | 106,731 | |
| Hercules Offshore, Inc. | * | | | 19,298 | | | | 46,894 | |
| Hornbeck Offshore Services, Inc. | * | | | 2,714 | | | | 39,624 | |
| ION Geophysical Corp. | * | | | 12,292 | | | | 42,776 | |
| Key Energy Services, Inc. | *† | | | 28,897 | | | | 265,274 | |
| Lufkin Industries, Inc. | | | | 4,644 | | | | 181,070 | |
| Matrix Service Co. | * | | | 2,410 | | | | 22,437 | |
| Mitcham Industries, Inc. | * | | | 3,707 | | | | 25,022 | |
| Natural Gas Services Group, Inc. | *† | | | 2,837 | | | | 42,924 | |
| Newpark Resources, Inc. | * | | | 9,665 | | | | 58,473 | |
| Oceaneering International, Inc. | * | | | 5,969 | | | | 268,008 | |
| Oil States International, Inc. | * | | | 5,059 | | | | 200,235 | |
| OYO Geospace Corp. | * | | | 550 | | | | 26,664 | |
| Parker Drilling Co. | *† | | | 9,263 | | | | 36,589 | |
| Patterson-UTI Energy, Inc. | | | | 24,202 | | | | 311,480 | |
| PHI, Inc. | * | | | 1,283 | | | | 18,077 | |
| Pioneer Drilling Co. | * | | | 6,698 | | | | 37,978 | |
| Pride International, Inc. | * | | | 24,165 | | | | 539,846 | |
| RPC, Inc. | | | | 4,269 | | | | 58,272 | |
| SEACOR Holdings, Inc. | * | | | 2,330 | | | | 164,638 | |
| Sulphco, Inc. | *† | | | 8,130 | | | | 2,211 | |
| Superior Energy Services, Inc. | * | | | 6,470 | | | | 120,795 | |
| T-3 Energy Services, Inc. | *† | | | 4,037 | | | | 112,632 | |
| Tetra Technologies, Inc. | * | | | 7,968 | | | | 72,349 | |
| Tidewater, Inc. | | | | 5,071 | | | | 196,349 | |
| Trico Marine Services, Inc. | *† | | | 1,353 | | | | 677 | |
| Unit Corp. | *† | | | 4,307 | | | | 174,821 | |
| | | | | | | | | | | | | | 4,720,622 | |
| |
Food & Staples Retailing—0.5% |
| Andersons, Inc. (The) | | | | 1,795 | | | | 58,499 | |
| Arden Group, Inc., Class A | | | | 391 | | | | 34,357 | |
| BJ’s Wholesale Club, Inc. | * | | | 8,066 | | | | 298,523 | |
| Casey’s General Stores, Inc. | | | | 5,830 | | | | 203,467 | |
| Great Atlantic & Pacific Tea Co. | *† | | | 9,113 | | | | 35,541 | |
| Nash Finch Co. | | | | 1,190 | | | | 40,650 | |
| Pantry, Inc. (The) | * | | | 2,139 | | | | 30,181 | |
| Rite Aid Corp. | *† | | | 144,181 | | | | 141,297 | |
| Ruddick Corp. | † | | | 4,809 | | | | 149,031 | |
| Spartan Stores, Inc. | † | | | 2,807 | | | | 38,512 | |
| United Natural Foods, Inc. | * | | | 3,712 | | | | 110,915 | |
| Village Super Market, Inc., Class A | | | | 2,016 | | | | 52,920 | |
| Weis Markets, Inc. | | | | 1,103 | | | | 36,300 | |
| Winn-Dixie Stores, Inc. | *† | | | 8,034 | | | | 77,448 | |
| | | | | | | | | | | | | | 1,307,641 | |
| |
Food Products—1.7% |
| American Italian Pasta Co., Class A | * | | | 2,553 | | | | 134,977 | |
| B&G Foods, Inc., Class A | | | | 8,159 | | | | 87,954 | |
| Bridgford Foods Corp. | | | | 1,169 | | | | 16,366 | |
| Bunge Ltd. | | | | 17,978 | | | | 884,338 | |
| Calavo Growers, Inc. | † | | | 1,650 | | | | 29,634 | |
| Cal-Maine Foods, Inc. | † | | | 2,682 | | | | 85,636 | |
| Chiquita Brands International, Inc. | * | | | 4,064 | | | | 49,378 | |
| Corn Products International, Inc. | | | | 7,185 | | | | 217,705 | |
| Darling International, Inc. | * | | | 9,960 | | | | 74,800 | |
| Del Monte Foods Co. | | | | 30,217 | | | | 434,823 | |
| Diamond Foods, Inc. | | | | 3,732 | | | | 153,385 | |
| Dole Food Co., Inc. | *† | | | 10,978 | | | | 114,501 | |
| Farmer Bros. Co. | | | | 930 | | | | 14,034 | |
| Flowers Foods, Inc. | † | | | 16,915 | | | | 413,233 | |
| Fresh Del Monte Produce, Inc. (Cayman Islands) | * | | | 3,718 | | | | 75,252 | |
| Green Mountain Coffee Roasters, Inc. | * | | | 14,838 | | | | 381,337 | |
| Griffin Land & Nurseries, Inc. | | | | 2,039 | | | | 51,791 | |
| Hain Celestial Group, Inc. (The) | * | | | 7,659 | | | | 154,482 | |
| Inventure Foods, Inc. | * | | | 9,182 | | | | 28,097 | |
See accompanying notes to financial statements.
214
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COMMON STOCKS—(Continued) |
| J&J Snack Foods Corp. | † | | | 1,866 | | | $ | 78,559 | |
| John B. Sanfilippo & Son, Inc. | * | | | 1,899 | | | | 27,478 | |
| Lancaster Colony Corp. | † | | | 2,437 | | | | 130,038 | |
| Lance, Inc. | | | | 3,688 | | | | 60,815 | |
| Omega Protein Corp. | * | | | 1,515 | | | | 6,075 | |
| Ralcorp Holdings, Inc. | * | | | 8,122 | | | | 445,086 | |
| Sanderson Farms, Inc. | | | | 1,537 | | | | 77,987 | |
| Smart Balance, Inc. | * | | | 7,937 | | | | 32,462 | |
| Smithfield Foods, Inc. | *† | | | 13,736 | | | | 204,666 | |
| Tootsie Roll Industries, Inc. | | | | 3,069 | | | | 72,582 | |
| TreeHouse Foods, Inc. | * | | | 3,142 | | | | 143,464 | |
| | | | | | | | | | | | | | 4,680,935 | |
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Gas Utilities—1.2% |
| AGL Resources, Inc. | | | | 7,758 | | | | 277,892 | |
| Atmos Energy Corp. | | | | 11,405 | | | | 308,391 | |
| Chesapeake Utilities Corp. | | | | 2,965 | | | | 93,101 | |
| Delta Natural Gas Co., Inc. | | | | 3,757 | | | | 109,892 | |
| Energen Corp. | | | | 7,181 | | | | 318,334 | |
| Laclede Group, Inc. (The) | | | | 1,902 | | | | 63,013 | |
| National Fuel Gas Co. | | | | 9,052 | | | | 415,306 | |
| New Jersey Resources Corp. | | | | 4,448 | | | | 156,570 | |
| Northwest Natural Gas Co. | | | | 2,771 | | | | 120,732 | |
| Piedmont Natural Gas Co., Inc. | † | | | 11,276 | | | | 285,283 | |
| Questar Corp., Class W | * | | | 24,075 | | | | 388,811 | |
| South Jersey Industries, Inc. | † | | | 3,110 | | | | 133,606 | |
| Southwest Gas Corp. | † | | | 3,594 | | | | 106,023 | |
| UGI Corp. | | | | 12,631 | | | | 321,333 | |
| WGL Holdings, Inc. | | | | 4,885 | | | | 166,236 | |
| | | | | | | | | | | | | | 3,264,523 | |
| |
Health Care Equipment & Supplies—2.9% |
| Abaxis, Inc. | *† | | | 1,864 | | | | 39,946 | |
| ABIOMED, Inc. | * | | | 3,940 | | | | 38,139 | |
| Align Technology, Inc. | * | | | 6,208 | | | | 92,313 | |
| American Medical Systems Holdings, Inc. | *† | | | 9,881 | | | | 218,568 | |
| Analogic Corp. | | | | 1,287 | | | | 58,571 | |
| Angiodynamics, Inc. | *† | | | 7,332 | | | | 108,147 | |
| Atrion Corp. | † | | | 308 | | | | 41,595 | |
| Beckman Coulter, Inc. | | | | 6,860 | | | | 413,589 | |
| Biolase Technology, Inc. | *† | | | 21,004 | | | | 31,086 | |
| Cantel Medical Corp. | | | | 4,511 | | | | 75,334 | |
| Cardiac Science Corp. | * | | | 4,135 | | | | 4,052 | |
| Cerus Corp. | *† | | | 16,123 | | | | 50,949 | |
| Conceptus, Inc. | * | | | 2,419 | | | | 37,688 | |
| Conmed Corp. | *† | | | 6,004 | | | | 111,855 | |
| Cooper Cos., Inc. (The) | | | | 4,671 | | | | 185,859 | |
| CryoLife, Inc. | * | | | 4,037 | | | | 21,760 | |
| Cutera, Inc. | * | | | 3,098 | | | | 28,533 | |
| Cyberonics, Inc. | * | | | 2,351 | | | | 55,672 | |
| Cynosure, Inc., Class A | * | | | 772 | | | | 8,315 | |
| DexCom, Inc. | * | | | 3,175 | | | | 36,703 | |
| Edwards Lifesciences Corp. | * | | | 11,354 | | | | 636,051 | |
| Endologix, Inc. | *† | | | 8,683 | | | | 39,334 | |
| ev3, Inc. | * | | | 11,946 | | | | 267,710 | |
| Gen-Probe, Inc. | * | | | 5,401 | | | | 245,313 | |
| Greatbatch, Inc. | * | | | 2,283 | | | | 50,934 | |
| Haemonetics Corp. | *† | | | 3,110 | | | | 166,447 | |
| HealthTronics, Inc. | * | | | 3,781 | | | | 18,262 | |
| Hill-Rom Holdings, Inc. | | | | 5,663 | | | | 172,325 | |
| Hologic, Inc. | * | | | 38,529 | | | | 536,709 | |
| ICU Medical, Inc. | * | | | 1,366 | | | | 43,944 | |
| IDEXX Laboratories, Inc. | *† | | | 3,869 | | | | 235,622 | |
| Immucor, Inc. | *† | | | 7,986 | | | | 152,133 | |
| Integra LifeSciences Holdings Corp. | * | | | 2,236 | | | | 82,732 | |
| Invacare Corp. | | | | 2,826 | | | | 58,611 | |
| Inverness Medical Innovations, Inc. | * | | | 7,907 | | | | 210,801 | |
| IRIS International, Inc. | *† | | | 2,570 | | | | 26,060 | |
| Kensey Nash Corp. | *† | | | 1,683 | | | | 39,904 | |
| Kinetic Concepts, Inc. | * | | | 6,536 | | | | 238,629 | |
| Masimo Corp. | | | | 5,266 | | | | 125,384 | |
| Medical Action Industries, Inc. | *† | | | 1,860 | | | | 22,301 | |
| Meridian Bioscience, Inc. | † | | | 4,370 | | | | 74,290 | |
| Merit Medical Systems, Inc. | * | | | 2,509 | | | | 40,320 | |
| Micrus Endovascular Corp. | * | | | 1,353 | | | | 28,129 | |
| Natus Medical, Inc. | *† | | | 4,325 | | | | 70,454 | |
| Neogen Corp. | * | | | 2,463 | | | | 64,161 | |
| NuVasive, Inc. | *† | | | 3,118 | | | | 110,564 | |
| NxStage Medical, Inc. | * | | | 3,660 | | | | 54,314 | |
| OraSure Technologies, Inc. | * | | | 4,328 | | | | 20,039 | |
| Orthofix International NV (Netherlands Antilles) | *† | | | 2,888 | | | | 92,560 | |
| Orthovita, Inc. | * | | | 8,897 | | | | 18,061 | |
| Osteotech, Inc. | * | | | 1,499 | | | | 4,752 | |
| OTIX Global, Inc. | * | | | 590 | | | | 2,360 | |
| Palomar Medical Technologies, Inc. | * | | | 2,762 | | | | 30,907 | |
| Quidel Corp. | *† | | | 9,589 | | | | 121,684 | |
| ResMed, Inc. | * | | | 8,828 | | | | 536,831 | |
| Rochester Medical Corp. | *† | | | 5,305 | | | | 50,132 | |
| RTI Biologics, Inc. | * | | | 7,464 | | | | 21,870 | |
| Sirona Dental Systems, Inc. | * | | | 6,617 | | | | 230,536 | |
| Somanetics Corp. | *† | | | 1,572 | | | | 39,221 | |
| SonoSite, Inc. | * | | | 1,320 | | | | 35,785 | |
| Spectranetics Corp. | * | | | 3,376 | | | | 17,488 | |
| Staar Surgical Co. | * | | | 13,188 | | | | 75,435 | |
| STERIS Corp. | | | | 5,630 | | | | 174,980 | |
| SurModics, Inc. | *† | | | 1,932 | | | | 31,704 | |
| Synovis Life Technologies, Inc. | * | | | 4,579 | | | | 69,967 | |
| Teleflex, Inc. | | | | 3,677 | | | | 199,588 | |
| Theragenics Corp. | * | | | 5,822 | | | | 6,695 | |
| ThermoGenesis Corp. | * | | | 4,317 | | | | 2,115 | |
| Thoratec Corp. | *† | | | 5,719 | | | | 244,373 | |
| TomoTherapy, Inc. | * | | | 12,150 | | | | 38,637 | |
| Urologix, Inc. | *† | | | 25,612 | | | | 27,661 | |
| Vision-Sciences, Inc. | * | | | 24,978 | | | | 24,728 | |
| Volcano Corp. | *† | | | 4,832 | | | | 105,434 | |
| West Pharmaceutical Services, Inc. | † | | | 3,358 | | | | 122,534 | |
| Wright Medical Group, Inc. | * | | | 3,907 | | | | 64,895 | |
| Young Innovations, Inc. | † | | | 677 | | | | 19,058 | |
| Zoll Medical Corp. | * | | | 4,029 | | | | 109,186 | |
| | | | | | | | | | | | | | 8,009,328 | |
| |
Health Care Providers & Services—3.2% |
| Alliance HealthCare Services, Inc. | *† | | | 10,817 | | | | 43,701 | |
| Almost Family, Inc. | * | | | 2,502 | | | | 87,395 | |
| Amedisys, Inc. | *† | | | 2,921 | | | | 128,436 | |
| America Service Group, Inc. | † | | | 1,972 | | | | 33,918 | |
| American Dental Partners, Inc. | *† | | | 1,668 | | | | 20,199 | |
| AMERIGROUP Corp. | *† | | | 5,064 | | | | 164,479 | |
| AMN Healthcare Services, Inc. | * | | | 3,864 | | | | 28,903 | |
| Amsurg Corp. | * | | | 3,079 | | | | 54,868 | |
| Bio-Reference Labs, Inc. | * | | | 6,877 | | | | 152,463 | |
| BioScrip, Inc. | *† | | | 3,476 | | | | 18,214 | |
| Brookdale Senior Living, Inc. | * | | | 21,790 | | | | 326,850 | |
| Capital Senior Living Corp. | * | | | 9,966 | | | | 49,531 | |
| CardioNet, Inc. | * | | | 8,331 | | | | 45,654 | |
| Catalyst Health Solutions, Inc. | * | | | 5,865 | | | | 202,343 | |
See accompanying notes to financial statements.
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| Centene Corp. | *† | | | 3,612 | | | $ | 77,658 | |
| Chemed Corp. | | | | 2,102 | | | | 114,853 | |
| Chindex International, Inc. | * | | | 1,527 | | | | 19,133 | |
| Clarient, Inc. | * | | | 3,308 | | | | 10,189 | |
| Community Health Systems, Inc. | * | | | 12,136 | | | | 410,318 | |
| Cross Country Healthcare, Inc. | * | | | 2,631 | | | | 23,653 | |
| Emdeon, Inc., Class A | * | | | 5,882 | | | | 73,701 | |
| Emergency Medical Services Corp., Class A | * | | | 3,828 | | | | 187,687 | |
| Emeritus Corp. | *† | | | 5,091 | | | | 83,034 | |
| Ensign Group, Inc. (The) | | | | 2,720 | | | | 44,934 | |
| Five Star Quality Care, Inc. | * | | | 4,500 | | | | 13,590 | |
| Genoptix, Inc. | * | | | 4,836 | | | | 83,179 | |
| Gentiva Health Services, Inc. | *† | | | 3,767 | | | | 101,747 | |
| Hanger Orthopedic Group, Inc. | *† | | | 3,263 | | | | 58,603 | |
| Health Management Associates, Inc., Class A | * | | | 38,960 | | | | 302,719 | |
| Health Net, Inc. | * | | | 13,985 | | | | 340,814 | |
| Healthsouth Corp. | * | | | 15,045 | | | | 281,492 | |
| Healthspring, Inc. | * | | | 8,037 | | | | 124,654 | |
| Healthways, Inc. | * | | | 3,517 | | | | 41,923 | |
| Henry Schein, Inc. | * | | | 10,892 | | | | 597,971 | |
| HMS Holdings Corp. | * | | | 3,201 | | | | 173,558 | |
| inVentiv Health, Inc. | * | | | 6,685 | | | | 171,136 | |
| IPC The Hospitalist Co., Inc. | * | | | 3,783 | | | | 94,953 | |
| Kindred Healthcare, Inc. | *† | | | 3,509 | | | | 45,056 | |
| Landauer, Inc. | | | | 923 | | | | 56,192 | |
| LHC Group, Inc. | *† | | | 6,648 | | | | 184,482 | |
| LifePoint Hospitals, Inc. | * | | | 5,659 | | | | 177,693 | |
| Lincare Holdings, Inc. | * | | | 12,235 | | | | 397,760 | |
| Magellan Health Services, Inc. | * | | | 4,963 | | | | 180,256 | |
| Mednax, Inc. | * | | | 5,773 | | | | 321,037 | |
| Molina Healthcare, Inc. | *† | | | 2,244 | | | | 64,627 | |
| MWI Veterinary Supply, Inc. | *† | | | 1,472 | | | | 73,983 | |
| National Healthcare Corp. | | | | 1,078 | | | | 37,148 | |
| National Research Corp. | | | | 1,250 | | | | 30,138 | |
| NovaMed, Inc. | *† | | | 1,634 | | | | 13,562 | |
| Odyssey HealthCare, Inc. | * | | | 4,301 | | | | 114,923 | |
| Omnicare, Inc. | | | | 18,221 | | | | 431,838 | |
| Owens & Minor, Inc. | | | | 6,388 | | | | 181,291 | |
| PDI, Inc. | * | | | 864 | | | | 7,154 | |
| PharMerica Corp. | * | | | 3,153 | | | | 46,223 | |
| Providence Service Corp. (The) | * | | | 3,898 | | | | 54,572 | |
| PSS World Medical, Inc. | *† | | | 7,358 | | | | 155,622 | |
| Psychemedics Corp. | | | | 902 | | | | 7,342 | |
| Psychiatric Solutions, Inc. | * | | | 7,855 | | | | 257,016 | |
| RehabCare Group, Inc. | *† | | | 2,389 | | | | 52,032 | |
| Res-Care, Inc. | * | | | 2,426 | | | | 23,435 | |
| Rural/Metro Corp. | * | | | 8,016 | | | | 65,250 | |
| Skilled Healthcare Group, Inc., Class A | * | | | 2,964 | | | | 20,126 | |
| Sun Healthcare Group, Inc. | * | | | 4,433 | | | | 35,819 | |
| Sunrise Senior Living, Inc. | * | | | 17,453 | | | | 48,519 | |
| Triple-S Management Corp., Class B (Puerto Rico) | * | | | 6,660 | | | | 123,543 | |
| U.S. Physical Therapy, Inc. | * | | | 2,083 | | | | 35,161 | |
| United American Healthcare Corp. | * | | | 4,865 | | | | 3,114 | |
| Universal American Corp. | * | | | 7,408 | | | | 106,675 | |
| Universal Health Services, Inc., Class B | | | | 7,962 | | | | 303,750 | |
| VCA Antech, Inc. | * | | | 6,764 | | | | 167,477 | |
| WellCare Health Plans, Inc. | * | | | 4,703 | | | | 111,649 | |
| | | | | | | | | | | | | | 8,722,918 | |
| |
Health Care Technology—0.4% |
| Allscripts-Misys Healthcare Solutions, Inc. | * | | | 7,305 | | | | 117,611 | |
| athenahealth, Inc. | *† | | | 3,145 | | | | 82,179 | |
| Computer Programs & Systems, Inc. | † | | | 3,352 | | | | 137,164 | |
| Eclipsys Corp. | * | | | 5,574 | | | | 99,440 | |
| MedAssets, Inc. | * | | | 9,859 | | | | 227,546 | |
| Medidata Solutions, Inc. | * | | | 5,129 | | | | 79,448 | |
| Mediware Information Systems, Inc. | * | | | 1,191 | | | | 10,719 | |
| Merge Healthcare, Inc. | * | | | 4,320 | | | | 12,658 | |
| Omnicell, Inc. | * | | | 4,056 | | | | 47,415 | |
| Phase Forward, Inc. | * | | | 6,227 | | | | 103,866 | |
| Quality Systems, Inc. | † | | | 2,355 | | | | 136,566 | |
| Vital Images, Inc. | * | | | 1,498 | | | | 19,099 | |
| | | | | | | | | | | | | | 1,073,711 | |
| |
Hotels, Restaurants & Leisure—2.5% |
| AFC Enterprises, Inc. | * | | | 5,988 | | | | 54,491 | |
| Ambassadors Group, Inc. | | | | 2,796 | | | | 31,567 | |
| Ambassadors International, Inc. | * | | | 524 | | | | 246 | |
| Ameristar Casinos, Inc. | | | | 3,664 | | | | 55,180 | |
| Bally Technologies, Inc. | * | | | 6,174 | | | | 199,976 | |
| Benihana, Inc., Class A | * | | | 680 | | | | 4,026 | |
| Biglari Holdings, Inc. | * | | | 109 | | | | 31,272 | |
| Bluegreen Corp. | * | | | 1,800 | | | | 5,418 | |
| Bob Evans Farms, Inc. | † | | | 2,925 | | | | 72,014 | |
| Boyd Gaming Corp. | *† | | | 8,538 | | | | 72,488 | |
| Brinker International, Inc. | | | | 13,492 | | | | 195,094 | |
| Buffalo Wild Wings, Inc. | * | | | 2,278 | | | | 83,329 | |
| Burger King Holdings, Inc. | | | | 12,664 | | | | 213,262 | |
| California Pizza Kitchen, Inc. | * | | | 2,265 | | | | 34,315 | |
| CEC Entertainment, Inc. | * | | | 1,994 | | | | 70,308 | |
| Cheesecake Factory, Inc. (The) | *† | | | 7,016 | | | | 156,176 | |
| Chipotle Mexican Grill, Inc. | * | | | 3,437 | | | | 470,216 | |
| Choice Hotels International, Inc. | † | | | 3,101 | | | | 93,681 | |
| Churchill Downs, Inc. | | | | 1,567 | | | | 51,398 | |
| CKE Restaurants, Inc. | | | | 9,732 | | | | 121,942 | |
| Cosi, Inc. | * | | | 13,495 | | | | 9,784 | |
| Cracker Barrel Old Country Store, Inc. | | | | 1,879 | | | | 87,486 | |
| DineEquity, Inc. | *† | | | 1,467 | | | | 40,959 | |
| Domino’s Pizza, Inc. | * | | | 4,270 | | | | 48,251 | |
| Dover Downs Gaming & Entertainment, Inc. | | | | 1,687 | | | | 4,875 | |
| Dover Motorsports, Inc. | * | | | 1,645 | | | | 2,994 | |
| Empire Resorts, Inc. | * | | | 2,513 | | | | 4,096 | |
| Gaylord Entertainment Co. | * | | | 4,934 | | | | 108,992 | |
| Great Wolf Resorts, Inc. | * | | | 3,072 | | | | 6,390 | |
| Hyatt Hotels Corp., Class A | * | | | 5,571 | | | | 206,628 | |
| International Speedway Corp., Class A | | | | 3,250 | | | | 83,720 | |
| Interval Leisure Group, Inc. | * | | | 2,598 | | | | 32,345 | |
| Isle of Capri Casinos, Inc. | * | | | 1,251 | | | | 11,584 | |
| Jack in the Box, Inc. | * | | | 4,991 | | | | 97,075 | |
| Jamba, Inc. | *† | | | 22,792 | | | | 48,547 | |
| Krispy Kreme Doughnuts, Inc. | *† | | | 5,000 | | | | 16,850 | |
| Landry’s Restaurants, Inc. | * | | | 1,254 | | | | 30,673 | |
| Las Vegas Sands Corp. | *† | | | 44,649 | | | | 988,529 | |
| Life Time Fitness, Inc. | *† | | | 3,312 | | | | 105,288 | |
| Luby’s, Inc. | *† | | | 14,427 | | | | 55,544 | |
| Marcus Corp. | | | | 1,805 | | | | 17,075 | |
| McCormick & Schmick’s Seafood Restaurants, Inc. | * | | | 1,401 | | | | 10,451 | |
| MGM Resorts International | *† | | | 32,881 | | | | 316,973 | |
| Monarch Casino & Resort, Inc. | * | | | 2,897 | | | | 29,347 | |
See accompanying notes to financial statements.
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| Morgans Hotel Group Co. | *† | | | 7,052 | | | $ | 43,440 | |
| MTR Gaming Group, Inc. | * | | | 4,525 | | | | 7,331 | |
| Multimedia Games, Inc. | * | | | 2,902 | | | | 13,059 | |
| O’Charleys, Inc. | * | | | 3,157 | | | | 16,732 | |
| Orient-Express Hotels Ltd., Class A (Bermuda) | * | | | 8,088 | | | | 59,851 | |
| P.F. Chang’s China Bistro, Inc. | † | | | 4,257 | | | | 168,790 | |
| Panera Bread Co., Class A | * | | | 3,189 | | | | 240,100 | |
| Papa John’s International, Inc. | * | | | 2,356 | | | | 54,471 | |
| Peet’s Coffee & Tea, Inc. | * | | | 1,297 | | | | 50,933 | |
| Penn National Gaming, Inc. | * | | | 10,757 | | | | 248,487 | |
| Pinnacle Entertainment, Inc. | * | | | 11,468 | | | | 108,487 | |
| Red Robin Gourmet Burgers, Inc. | *† | | | 1,203 | | | | 20,643 | |
| Royal Caribbean Cruises Ltd. | *† | | | 19,659 | | | | 447,635 | |
| Ruby Tuesday, Inc. | * | | | 14,322 | | | | 121,737 | |
| Scientific Games Corp., Class A | * | | | 11,132 | | | | 102,414 | |
| Shuffle Master, Inc. | * | | | 5,440 | | | | 43,574 | |
| Sonic Corp. | * | | | 5,694 | | | | 44,129 | |
| Speedway Motorsports, Inc. | | | | 1,680 | | | | 22,781 | |
| Texas Roadhouse, Inc. | * | | | 12,124 | | | | 153,005 | |
| Vail Resorts, Inc. | * | | | 1,427 | | | | 49,817 | |
| Wendy’s/Arby’s Group, Inc., Class A | | | | 50,951 | | | | 203,804 | |
| WMS Industries, Inc. | *† | | | 4,087 | | | | 160,415 | |
| | | | | | | | | | | | | | 6,762,490 | |
| |
Household Durables—1.0% |
| American Greetings Corp., Class A | † | | | 4,770 | | | | 89,485 | |
| Bassett Furniture Industries, Inc. | * | | | 610 | | | | 2,611 | |
| Beazer Homes USA, Inc. | *† | | | 18,421 | | | | 66,868 | |
| Blyth, Inc. | | | | 877 | | | | 29,879 | |
| Brookfield Homes Corp. | *† | | | 858 | | | | 5,783 | |
| Cavco Industries, Inc. | * | | | 1,216 | | | | 42,779 | |
| CSS Industries, Inc. | † | | | 1,140 | | | | 18,810 | |
| Ethan Allen Interiors, Inc. | | | | 1,648 | | | | 23,055 | |
| Furniture Brands International, Inc. | * | | | 4,572 | | | | 23,866 | |
| Helen of Troy Ltd. (Bermuda) | * | | | 3,172 | | | | 69,974 | |
| Hooker Furniture Corp. | | | | 3,953 | | | | 42,139 | |
| Hovnanian Enterprises, Inc., Class A | *† | | | 27,242 | | | | 100,251 | |
| Jarden Corp. | | | | 7,489 | | | | 201,229 | |
| KB Home | | | | 5,000 | | | | 55,000 | |
| Kid Brands, Inc. | * | | | 1,157 | | | | 8,134 | |
| La-Z-Boy, Inc. | *† | | | 8,340 | | | | 61,966 | |
| M/I Homes, Inc. | * | | | 1,741 | | | | 16,783 | |
| MDC Holdings, Inc. | | | | 2,998 | | | | 80,796 | |
| Meritage Homes Corp. | * | | | 3,915 | | | | 63,736 | |
| Mohawk Industries, Inc. | * | | | 5,067 | | | | 231,866 | |
| National Presto Industries, Inc. | | | | 656 | | | | 60,916 | |
| NVR, Inc. | * | | | 555 | | | | 363,542 | |
| Palm Harbor Homes, Inc. | *† | | | 1,182 | | | | 2,104 | |
| Ryland Group, Inc. | † | | | 3,938 | | | | 62,299 | |
| Sealy Corp. | *† | | | 6,171 | | | | 16,477 | |
| Skyline Corp. | † | | | 918 | | | | 16,533 | |
| Standard Pacific Corp. | * | | | 22,550 | | | | 75,091 | |
| Tempur-Pedic International, Inc. | * | | | 6,645 | | | | 204,334 | |
| Toll Brothers, Inc. | * | | | 17,435 | | | | 285,237 | |
| Tupperware Brands Corp. | | | | 7,576 | | | | 301,904 | |
| Universal Electronics, Inc. | * | | | 3,125 | | | | 51,969 | |
| | | | | | | | | | | | | | 2,675,416 | |
| |
Household Products—0.4% |
| Central Garden and Pet Co., Class A | * | | | 2,770 | | | | 24,847 | |
| Church & Dwight Co., Inc. | | | | 8,287 | | | | 519,678 | |
| Energizer Holdings, Inc. | * | | | 7,636 | | | | 383,938 | |
| WD-40 Co. | | | | 2,756 | | | | 92,050 | |
| | | | | | | | | | | | | | 1,020,513 | |
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Independent Power Producers & Energy Traders—0.4% |
| Calpine Corp. | * | | | 58,835 | | | | 748,381 | |
| Dynegy, Inc. | * | | | 12,625 | | | | 48,606 | |
| Mirant Corp. | * | | | 14,401 | | | | 152,075 | |
| Ormat Technologies, Inc. | † | | | 3,146 | | | | 89,000 | |
| RRI Energy, Inc. | * | | | 35,972 | | | | 136,334 | |
| | | | | | | | | | | | | | 1,174,396 | |
| |
Industrial Conglomerates—0.5% |
| Carlisle Cos., Inc. | | | | 7,614 | | | | 275,094 | |
| McDermott International, Inc. | * | | | 30,249 | | | | 655,193 | |
| Otter Tail Corp. | | | | 2,897 | | | | 55,999 | |
| Raven Industries, Inc. | † | | | 5,412 | | | | 182,439 | |
| Seaboard Corp. | | | | 43 | | | | 64,930 | |
| Standex International Corp. | | | | 1,584 | | | | 40,154 | |
| Tredegar Corp. | | | | 2,467 | | | | 40,261 | |
| | | | | | | | | | | | | | 1,314,070 | |
| |
Insurance—4.9% |
| Alleghany Corp. | * | | | 554 | | | | 162,488 | |
| Allied World Assurance Co. Holdings Ltd. (Bermuda) | | | | 5,607 | | | | 254,446 | |
| Alterra Capital Holdings Ltd. (Bermuda) | † | | | 10,842 | | | | 203,613 | |
| Ambac Financial Group, Inc. | *† | | | 30,831 | | | | 20,657 | |
| American Financial Group, Inc. | | | | 12,490 | | | | 341,227 | |
| American Independence Corp. | * | | | 430 | | | | 2,193 | |
| American National Insurance Co. | | | | 3,374 | | | | 273,193 | |
| American Physicians Capital, Inc. | | | | 1,601 | | | | 49,391 | |
| American Physicians Service Group, Inc. | † | | | 4,869 | | | | 119,047 | |
| American Safety Insurance Holdings Ltd. | *† | | | 6,667 | | | | 104,805 | |
| AMERISAFE, Inc. | *† | | | 5,765 | | | | 101,176 | |
| Amtrust Financial Services, Inc. | | | | 3,403 | | | | 40,972 | |
| Arch Capital Group Ltd. (Bermuda) | * | | | 7,043 | | | | 524,704 | |
| Argo Group International Holdings Ltd. (Bermuda) | | | | 3,031 | | | | 92,718 | |
| Arthur J. Gallagher & Co. | | | | 10,971 | | | | 267,473 | |
| Aspen Insurance Holdings Ltd. (Bermuda) | | | | 11,011 | | | | 272,412 | |
| Assured Guaranty Ltd. (Bermuda) | | | | 11,888 | | | | 157,754 | |
| Axis Capital Holdings Ltd. (Bermuda) | | | | 20,169 | | | | 599,423 | |
| Baldwin & Lyons, Inc., Class B | † | | | 1,316 | | | | 27,649 | |
| Brown & Brown, Inc. | † | | | 17,237 | | | | 329,916 | |
| Citizens, Inc. | * | | | 4,717 | | | | 31,415 | |
| CNA Financial Corp. | *† | | | 4,912 | | | | 125,551 | |
| CNA Surety Corp. | *† | | | 1,486 | | | | 23,880 | |
| CNO Financial Group, Inc. | *† | | | 32,018 | | | | 158,489 | |
| Crawford & Co., Class B | * | | | 3,543 | | | | 11,196 | |
| Delphi Financial Group, Inc., Class A | | | | 3,694 | | | | 90,171 | |
| eHealth, Inc. | * | | | 4,039 | | | | 45,923 | |
| EMC Insurance Group, Inc. | † | | | 1,041 | | | | 22,829 | |
| Employers Holdings, Inc. | | | | 4,738 | | | | 69,791 | |
See accompanying notes to financial statements.
217
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| Endurance Specialty Holdings Ltd. (Bermuda) | | | | 6,336 | | | $ | 237,790 | |
| Enstar Group Ltd. (Bermuda) | * | | | 626 | | | | 41,591 | |
| Erie Indemnity Co., Class A | | | | 3,864 | | | | 175,812 | |
| Everest Re Group Ltd. (Bermuda) | | | | 5,932 | | | | 419,511 | |
| FBL Financial Group, Inc., Class A | | | | 2,268 | | | | 47,628 | |
| Fidelity National Financial, Inc., Class A | | | | 31,906 | | | | 414,459 | |
| First American Financial Corp. | | | | 11,786 | | | | 149,446 | |
| First Mercury Financial Corp. | | | | 1,534 | | | | 16,230 | |
| Flagstone Reinsurance Holdings SA (Luxembourg) | | | | 8,048 | | | | 87,079 | |
| FPIC Insurance Group, Inc. | *† | | | 2,681 | | | | 68,768 | |
| Greenlight Capital Re Ltd., Class A (Cayman Islands) | *† | | | 4,754 | | | | 119,753 | |
| Hanover Insurance Group, Inc. (The) | | | | 5,482 | | | | 238,467 | |
| Harleysville Group, Inc. | | | | 1,278 | | | | 39,656 | |
| HCC Insurance Holdings, Inc. | | | | 14,140 | | | | 350,106 | |
| Hilltop Holdings, Inc. | * | | | 7,621 | | | | 76,286 | |
| Horace Mann Educators Corp. | | | | 3,101 | | | | 47,445 | |
| Independence Holding Co. | | | | 5,932 | | | | 35,414 | |
| Infinity Property & Casualty Corp. | | | | 1,280 | | | | 59,110 | |
| Kansas City Life Insurance Co. | | | | 1,203 | | | | 35,573 | |
| Markel Corp. | * | | | 1,119 | | | | 380,460 | |
| MBIA, Inc. | *† | | | 15,000 | | | | 84,150 | |
| Meadowbrook Insurance Group, Inc. | † | | | 13,352 | | | | 115,228 | |
| Mercury General Corp. | | | | 4,721 | | | | 195,638 | |
| Montpelier Re Holdings Ltd. (Bermuda) | | | | 11,723 | | | | 175,024 | |
| National Financial Partners Corp. | * | | | 7,233 | | | | 70,666 | |
| Navigators Group, Inc. (The) | *† | | | 1,745 | | | | 71,772 | |
| NYMAGIC, Inc. | † | | | 1,110 | | | | 21,412 | |
| Old Republic International Corp. | † | | | 29,332 | | | | 355,797 | |
| OneBeacon Insurance Group Ltd., Class A | | | | 6,290 | | | | 90,073 | |
| PartnerRe Ltd. (Bermuda) | | | | 8,085 | | | | 567,082 | |
| Phoenix Cos., Inc. (The) | *† | | | 29,424 | | | | 62,085 | |
| Platinum Underwriters Holdings Ltd. (Bermuda) | | | | 6,503 | | | | 235,994 | |
| PMA Capital Corp., Class A | * | | | 5,374 | | | | 35,200 | |
| Presidential Life Corp. | † | | | 2,568 | | | | 23,369 | |
| ProAssurance Corp. | * | | | 2,725 | | | | 154,671 | |
| Protective Life Corp. | | | | 8,161 | | | | 174,564 | |
| Reinsurance Group of America, Inc. | | | | 9,999 | | | | 457,054 | |
| RenaissanceRe Holdings Ltd. (Bermuda) | | | | 6,423 | | | | 361,422 | |
| RLI Corp. | † | | | 1,980 | | | | 103,970 | |
| Safety Insurance Group, Inc. | † | | | 1,536 | | | | 56,863 | |
| SeaBright Holdings, Inc. | † | | | 3,141 | | | | 29,777 | |
| Selective Insurance Group, Inc. | | | | 7,536 | | | | 111,985 | |
| StanCorp Financial Group, Inc. | | | | 6,888 | | | | 279,240 | |
| State Auto Financial Corp. | | | | 2,585 | | | | 40,093 | |
| Stewart Information Services Corp. | | | | 1,684 | | | | 15,190 | |
| Symetra Financial Corp. | | | | 14,340 | | | | 172,080 | |
| Tower Group, Inc. | | | | 3,847 | | | | 82,826 | |
| Transatlantic Holdings, Inc. | | | | 6,903 | | | | 331,068 | |
| United Fire & Casualty Co. | | | | 2,592 | | | | 51,373 | |
| Unitrin, Inc. | | | | 9,240 | | | | 236,544 | |
| Validus Holdings Ltd. (Bermuda) | | | | 10,320 | | | | 252,014 | |
| W.R. Berkley Corp. | | | | 21,545 | | | | 570,081 | |
| Wesco Financial Corp. | | | | 115 | | | | 37,168 | |
| White Mountains Insurance Group Ltd. | | | | 706 | | | | 228,885 | |
| | | | | | | | | | | | | | 13,415,444 | |
| |
Internet & Catalog Retail—0.7% |
| 1-800-Flowers.com, Inc., Class A | * | | | 2,113 | | | | 4,353 | |
| Blue Nile, Inc. | *† | | | 1,074 | | | | 50,564 | |
| dELiA*s, Inc. | * | | | 2,555 | | | | 3,756 | |
| Drugstore.Com, Inc. | * | | | 18,137 | | | | 55,862 | |
| Hollywood Media Corp. | * | | | 15,979 | | | | 18,855 | |
| HSN, Inc. | *† | | | 4,502 | | | | 108,048 | |
| Liberty Media Corp.— Interactive, Series A | * | | | 75,203 | | | | 789,631 | |
| NetFlix, Inc. | * | | | 5,090 | | | | 553,028 | |
| NutriSystem, Inc. | † | | | 4,396 | | | | 100,844 | |
| Overstock.com, Inc. | *† | | | 3,326 | | | | 60,101 | |
| Shutterfly, Inc. | * | | | 7,856 | | | | 188,230 | |
| Valuevision Media, Inc., Class A | * | | | 6,193 | | | | 10,962 | |
| | | | | | | | | | | | | | 1,944,234 | |
| |
Internet Software & Services—1.2% |
| AOL, Inc. | * | | | 16,428 | | | | 341,538 | |
| Art Technology Group, Inc. | *† | | | 13,955 | | | | 47,726 | |
| Autobytel, Inc. | * | | | 4,755 | | | | 5,421 | |
| comScore, Inc. | * | | | 2,914 | | | | 47,994 | |
| Constant Contact, Inc. | *† | | | 4,984 | | | | 106,309 | |
| DealerTrack Holdings, Inc. | * | | | 4,113 | | | | 67,659 | |
| Digital River, Inc. | * | | | 4,133 | | | | 98,820 | |
| DivX, Inc. | * | | | 2,892 | | | | 22,153 | |
| Earthlink, Inc. | | | | 16,752 | | | | 133,346 | |
| Equinix, Inc. | *† | | | 3,426 | | | | 278,260 | |
| GSI Commerce, Inc. | * | | | 6,146 | | | | 177,005 | |
| IAC/InterActiveCorp | * | | | 15,508 | | | | 340,711 | |
| Imergent, Inc. | | | | 1,043 | | | | 3,776 | |
| Infospace, Inc. | * | | | 4,619 | | | | 34,735 | |
| Internap Network Services Corp. | *† | | | 8,921 | | | | 37,201 | |
| Internet Brands, Inc., Class A | * | | | 2,400 | | | | 24,792 | |
| Internet Capital Group, Inc. | * | | | 6,770 | | | | 51,452 | |
| Ipass, Inc. | * | | | 6,163 | | | | 6,594 | |
| j2 Global Communications, Inc. | *† | | | 4,168 | | | | 91,029 | |
| Keynote Systems, Inc. | | | | 3,262 | | | | 29,423 | |
| Knot, Inc. (The) | * | | | 3,458 | | | | 26,903 | |
| Limelight Networks, Inc. | * | | | 2,028 | | | | 8,903 | |
| LivePerson, Inc. | * | | | 3,334 | | | | 22,871 | |
| LogMeIn, Inc. | * | | | 3,076 | | | | 80,683 | |
| Looksmart Ltd. | * | | | 4,010 | | | | 4,732 | |
| LoopNet, Inc. | * | | | 1,850 | | | | 22,810 | |
| Marchex, Inc., Class B | | | | 2,710 | | | | 10,433 | |
| ModusLink Global Solutions, Inc. | * | | | 3,461 | | | | 20,870 | |
| Move, Inc. | * | | | 12,712 | | | | 26,060 | |
| NaviSite, Inc. | * | | | 15,218 | | | | 40,023 | |
| NIC, Inc. | | | | 6,673 | | | | 42,774 | |
| OpenTable, Inc. | *† | | | 4,550 | | | | 188,688 | |
| Openwave Systems, Inc. | * | | | 11,650 | | | | 23,649 | |
| Perficient, Inc. | * | | | 2,090 | | | | 18,622 | |
| Rackspace Hosting, Inc. | *† | | | 12,978 | | | | 238,016 | |
| RealNetworks, Inc. | * | | | 10,782 | | | | 35,581 | |
| Saba Software, Inc. | * | | | 3,576 | | | | 18,416 | |
| SAVVIS, Inc. | * | | | 4,524 | | | | 66,729 | |
See accompanying notes to financial statements.
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COMMON STOCKS—(Continued) |
| Stamps.com, Inc. | * | | | 2,642 | | | $ | 27,080 | |
| support.com, Inc. | *† | | | 4,962 | | | | 20,642 | |
| Terremark Worldwide, Inc. | *† | | | 7,046 | | | | 55,029 | |
| United Online, Inc. | | | | 10,506 | | | | 60,515 | |
| ValueClick, Inc. | * | | | 6,880 | | | | 73,547 | |
| Vertro, Inc. | * | | | 6,581 | | | | 3,258 | |
| Vocus, Inc. | * | | | 2,731 | | | | 41,730 | |
| Web.com Group, Inc. | *† | | | 1,785 | | | | 6,408 | |
| WebMD Health Corp. | * | | | 4,097 | | | | 190,224 | |
| WebMediaBrands, Inc. | * | | | 4,020 | | | | 3,618 | |
| Zix Corp. | *† | | | 12,056 | | | | 27,247 | |
| | | | | | | | | | | | | | 3,352,005 | |
| |
IT Services—2.0% |
| Acxiom Corp. | * | | | 6,440 | | | | 94,604 | |
| Alliance Data Systems Corp. | *† | | | 7,629 | | | | 454,078 | |
| Broadridge Financial Solutions, Inc. | | | | 24,344 | | | | 463,753 | |
| CACI International, Inc., Class A | * | | | 2,488 | | | | 105,690 | |
| Cass Information Systems, Inc. | | | | 1,213 | | | | 41,545 | |
| Ciber, Inc. | * | | | 5,015 | | | | 13,892 | |
| Convergys Corp. | *† | | | 16,876 | | | | 165,554 | |
| CoreLogic, Inc. | | | | 11,786 | | | | 208,141 | |
| CSG Systems International, Inc. | * | | | 3,644 | | | | 66,794 | |
| Cybersource Corp. | * | | | 12,452 | | | | 317,900 | |
| DST Systems, Inc. | | | | 7,583 | | | | 274,050 | |
| Edgewater Technology, Inc. | * | | | 2,568 | | | | 7,422 | |
| Euronet Worldwide, Inc. | * | | | 6,728 | | | | 86,051 | |
| Forrester Research, Inc. | * | | | 1,573 | | | | 47,599 | |
| Gartner, Inc., Class A | * | | | 11,319 | | | | 263,167 | |
| Genpact Ltd. (Bermuda) | * | | | 13,327 | | | | 206,968 | |
| Global Cash Access Holdings, Inc. | *† | | | 21,059 | | | | 151,835 | |
| Global Payments, Inc. | | | | 7,498 | | | | 273,977 | |
| Hackett Group, Inc. (The) | *† | | | 7,902 | | | | 22,205 | |
| Heartland Payment Systems, Inc. | | | | 4,287 | | | | 63,619 | |
| Hewitt Associates, Inc., Class A | * | | | 11,846 | | | | 408,213 | |
| iGATE Corp. | | | | 2,997 | | | | 38,422 | |
| infoGROUP, Inc. | * | | | 6,036 | | | | 48,167 | |
| Integral Systems, Inc. | * | | | 2,356 | | | | 14,961 | |
| Lender Processing Services, Inc. | | | | 10,512 | | | | 329,131 | |
| Lionbridge Technologies, Inc. | * | | | 18,369 | | | | 83,946 | |
| Management Network Group, Inc. | * | | | 320 | | | | 861 | |
| Mantech International Corp., Class A | * | | | 3,037 | | | | 129,285 | |
| Mastech Holdings, Inc. | * | | | 357 | | | | 1,092 | |
| MAXIMUS, Inc. | | | | 1,558 | | | | 90,161 | |
| MoneyGram International, Inc. | * | | | 12,347 | | | | 30,250 | |
| NCI, Inc., Class A | * | | | 1,956 | | | | 44,166 | |
| NeuStar, Inc., Class A | * | | | 8,680 | | | | 178,982 | |
| Online Resources Corp. | * | | | 2,780 | | | | 11,537 | |
| Pfsweb, Inc. | *† | | | 1,209 | | | | 3,458 | |
| Sapient Corp. | | | | 19,951 | | | | 202,303 | |
| SRA International, Inc., Class A | * | | | 3,081 | | | | 60,603 | |
| StarTek, Inc. | * | | | 1,875 | | | | 7,312 | |
| Syntel, Inc. | | | | 2,183 | | | | 74,113 | |
| TeleTech Holdings, Inc. | * | | | 4,057 | | | | 52,295 | |
| TNS, Inc. | *† | | | 3,998 | | | | 69,725 | |
| Unisys Corp. | * | | | 5,094 | | | | 94,188 | |
| VeriFone Systems, Inc. | *† | | | 7,751 | | | | 146,726 | |
| Wright Express Corp. | * | | | 3,218 | | | | 95,575 | |
| | | | | | | | | | | | | | 5,544,316 | |
| |
Leisure Equipment & Products—0.2% |
| Arctic Cat, Inc. | * | | | 1,738 | | | | 15,833 | |
| Brunswick Corp. | † | | | 9,596 | | | | 119,278 | |
| Callaway Golf Co. | | | | 5,616 | | | | 33,921 | |
| Jakks Pacific, Inc. | * | | | 2,425 | | | | 34,872 | |
| Leapfrog Enterprises, Inc. | * | | | 3,363 | | | | 13,519 | |
| Nautilus, Inc. | * | | | 2,480 | | | | 3,770 | |
| Polaris Industries, Inc. | | | | 3,115 | | | | 170,141 | |
| Pool Corp. | | | | 4,626 | | | | 101,402 | |
| RC2 Corp. | * | | | 1,530 | | | | 24,648 | |
| Smith & Wesson Holding Corp. | *† | | | 19,407 | | | | 79,375 | |
| Steinway Musical Instruments, Inc. | * | | | 1,536 | | | | 27,325 | |
| Sturm Ruger & Co., Inc. | † | | | 2,146 | | | | 30,752 | |
| | | | | | | | | | | | | | 654,836 | |
| |
Life Sciences Tools & Services—1.3% |
| Accelrys, Inc. | * | | | 3,326 | | | | 21,453 | |
| Affymetrix, Inc. | *† | | | 8,830 | | | | 52,097 | |
| Albany Molecular Research, Inc. | * | | | 2,944 | | | | 15,220 | |
| Bio-Rad Laboratories, Inc., Class A | * | | | 2,830 | | | | 244,767 | |
| Bruker Corp. | * | | | 16,649 | | | | 202,452 | |
| Caliper Life Sciences, Inc. | * | | | 3,187 | | | | 13,608 | |
| Cambrex Corp. | * | | | 2,958 | | | | 9,318 | |
| Charles River Laboratories International, Inc. | * | | | 9,247 | | | | 316,340 | |
| Covance, Inc. | * | | | 6,271 | | | | 321,828 | |
| Dionex Corp. | * | | | 1,461 | | | | 108,786 | |
| Enzo Biochem, Inc. | * | | | 6,306 | | | | 25,665 | |
| eResearchTechnology, Inc. | * | | | 4,314 | | | | 33,994 | |
| Furiex Pharmaceuticals, Inc. | * | | | 1,473 | | | | 14,966 | |
| Illumina, Inc. | * | | | 17,575 | | | | 765,040 | |
| Kendle International, Inc. | * | | | 1,230 | | | | 14,170 | |
| Luminex Corp. | * | | | 4,012 | | | | 65,075 | |
| Mettler-Toledo International, Inc. (Switzerland) | * | | | 3,252 | | | | 363,021 | |
| Parexel International Corp. | * | | | 5,995 | | | | 129,971 | |
| Pharmaceutical Product Development, Inc. | | | | 17,685 | | | | 449,376 | |
| Sequenom, Inc. | *† | | | 16,133 | | | | 95,346 | |
| Techne Corp. | | | | 3,552 | | | | 204,062 | |
| | | | | | | | | | | | | | 3,466,555 | |
| |
Machinery—3.8% |
| 3D Systems Corp. | * | | | 2,259 | | | | 28,350 | |
| Actuant Corp., Class A | | | | 9,423 | | | | 177,435 | |
| AGCO Corp. | *† | | | 9,628 | | | | 259,667 | |
| Albany International Corp., Class A | † | | | 2,060 | | | | 33,351 | |
| Ampco-Pittsburgh Corp. | | | | 986 | | | | 20,538 | |
| ArvinMeritor, Inc. | * | | | 19,363 | | | | 253,655 | |
| Astec Industries, Inc. | *† | | | 1,849 | | | | 51,273 | |
| Badger Meter, Inc. | † | | | 4,287 | | | | 165,864 | |
| Barnes Group, Inc. | | | | 3,373 | | | | 55,283 | |
| Blount International, Inc. | * | | | 4,339 | | | | 44,562 | |
| Briggs & Stratton Corp. | † | | | 4,194 | | | | 71,382 | |
| Bucyrus International, Inc. | † | | | 12,611 | | | | 598,392 | |
| Cascade Corp. | | | | 779 | | | | 27,740 | |
| Chart Industries, Inc. | * | | | 2,135 | | | | 33,263 | |
| CIRCOR International, Inc. | † | | | 1,935 | | | | 49,497 | |
| CLARCOR, Inc. | † | | | 7,552 | | | | 268,247 | |
| Colfax Corp. | *† | | | 2,950 | | | | 30,709 | |
| Columbus McKinnon Corp. | * | | | 4,765 | | | | 66,567 | |
| Commercial Vehicle Group, Inc. | * | | | 5,880 | | | | 60,035 | |
See accompanying notes to financial statements.
219
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COMMON STOCKS—(Continued) |
| Crane Co. | | | | 9,214 | | | $ | 278,355 | |
| Donaldson Co., Inc. | | | | 10,863 | | | | 463,307 | |
| Dynamic Materials Corp. | | | | 6,189 | | | | 99,272 | |
| EnPro Industries, Inc. | *† | | | 3,150 | | | | 88,672 | |
| ESCO Technologies, Inc. | | | | 1,735 | | | | 44,676 | |
| Federal Signal Corp. | | | | 3,130 | | | | 18,905 | |
| Flow International Corp. | * | | | 9,896 | | | | 23,355 | |
| Force Protection, Inc. | * | | | 21,200 | | | | 86,920 | |
| FreightCar America, Inc. | | | | 2,798 | | | | 63,291 | |
| Gardner Denver, Inc. | | | | 8,034 | | | | 358,236 | |
| Gorman-Rupp Co. (The) | † | | | 1,890 | | | | 47,344 | |
| Graco, Inc. | | | | 6,203 | | | | 174,863 | |
| Graham Corp. | | | | 882 | | | | 13,221 | |
| Greenbrier Cos., Inc. | * | | | 1,195 | | | | 13,384 | |
| Harsco Corp. | | | | 9,755 | | | | 229,242 | |
| Hurco Cos., Inc. | * | | | 1,248 | | | | 18,533 | |
| IDEX Corp. | | | | 9,510 | | | | 271,701 | |
| John Bean Technologies Corp. | | | | 3,917 | | | | 59,734 | |
| Joy Global, Inc. | | | | 14,274 | | | | 714,985 | |
| Kadant, Inc. | * | | | 1,553 | | | | 27,053 | |
| Kaydon Corp. | | | | 3,461 | | | | 113,728 | |
| Kennametal, Inc. | | | | 10,704 | | | | 272,203 | |
| L.B. Foster Co., Class A | * | | | 951 | | | | 24,650 | |
| Lincoln Electric Holdings, Inc. | | | | 4,042 | | | | 206,102 | |
| Lindsay Corp. | † | | | 969 | | | | 30,708 | |
| Lydall, Inc. | * | | | 2,150 | | | | 16,426 | |
| Manitowoc Co., Inc. (The) | | | | 18,391 | | | | 168,094 | |
| Middleby Corp. | * | | | 2,361 | | | | 125,582 | |
| Mueller Industries, Inc. | | | | 2,932 | | | | 72,127 | |
| Mueller Water Products, Inc., Class A | | | | 30,046 | | | | 111,471 | |
| NACCO Industries, Inc., Class A | | | | 310 | | | | 27,516 | |
| Navistar International Corp. | * | | | 6,634 | | | | 326,393 | |
| NN, Inc. | * | | | 6,804 | | | | 34,020 | |
| Nordson Corp. | | | | 3,383 | | | | 189,719 | |
| Oshkosh Corp. | * | | | 11,547 | | | | 359,805 | |
| Pentair, Inc. | | | | 11,957 | | | | 385,015 | |
| RBC Bearings, Inc. | * | | | 6,724 | | | | 194,929 | |
| Robbins & Myers, Inc. | | | | 2,530 | | | | 55,002 | |
| Sauer-Danfoss, Inc. | * | | | 5,746 | | | | 70,216 | |
| SPX Corp. | | | | 4,988 | | | | 263,416 | |
| Tecumseh Products Co., Class A | * | | | 1,703 | | | | 18,937 | |
| Tennant Co. | † | | | 1,394 | | | | 47,145 | |
| Terex Corp. | * | | | 13,345 | | | | 250,085 | |
| Timken Co. | | | | 11,014 | | | | 286,254 | |
| Titan International, Inc. | † | | | 4,901 | | | | 48,863 | |
| Toro Co. (The) | | | | 4,316 | | | | 212,002 | |
| Trinity Industries, Inc. | | | | 7,537 | | | | 133,556 | |
| Valmont Industries, Inc. | | | | 2,775 | | | | 201,631 | |
| Wabash National Corp. | * | | | 2,596 | | | | 18,458 | |
| WABCO Holdings, Inc. | * | | | 11,316 | | | | 356,228 | |
| Wabtec Corp. | | | | 7,646 | | | | 304,999 | |
| Watts Water Technologies, Inc., Class A | | | | 2,709 | | | | 77,640 | |
| | | | | | | | | | | | | | 10,393,779 | |
| |
Marine—0.2% |
| Alexander & Baldwin, Inc. | | | | 3,735 | | | | 111,228 | |
| American Commercial Lines, Inc. | *† | | | 3,221 | | | | 72,505 | |
| Eagle Bulk Shipping, Inc. | * | | | 13,226 | | | | 55,814 | |
| Excel Maritime Carriers Ltd. (Greece) | *† | | | 15,008 | | | | 76,841 | |
| Genco Shipping & Trading Ltd. | * | | | 4,844 | | | | 72,612 | |
| International Shipholding Corp. | | | | 724 | | | | 16,022 | |
| Kirby Corp. | * | | | 5,822 | | | | 222,691 | |
| | | | | | | | | | | | | | 627,713 | |
| |
Media—2.6% | | | |
| A.H. Belo Corp., Class A | * | | | 3,861 | | | | 25,637 | |
| Alloy, Inc. | * | | | 3,318 | | | | 31,123 | |
| Arbitron, Inc. | † | | | 2,121 | | | | 54,361 | |
| Ascent Media Corp., Class A | *† | | | 2,424 | | | | 61,230 | |
| Belo Corp., Class A | * | | | 13,615 | | | | 77,469 | |
| Cablevision Systems Corp., Class A | | | | 25,769 | | | | 618,714 | |
| Carmike Cinemas, Inc. | * | | | 6,117 | | | | 37,069 | |
| Cinemark Holdings, Inc. | | | | 5,364 | | | | 70,537 | |
| CKX, Inc. | * | | | 6,718 | | | | 33,523 | |
| Clear Channel Outdoor Holdings, Inc., Class A | * | | | 7,978 | | | | 69,249 | |
| Crown Media Holdings, Inc., Class A | *† | | | 4,399 | | | | 7,742 | |
| Cumulus Media, Inc., Class A | *† | | | 3,854 | | | | 10,290 | |
| DISH Network Corp., Class A | | | | 31,324 | | | | 568,531 | |
| DreamWorks Animation SKG, Inc., Class A | * | | | 7,178 | | | | 204,932 | |
| E.W. Scripps Co., (The), Class A | * | | | 7,011 | | | | 52,092 | |
| EDCI Holdings, Inc. | * | | | 533 | | | | 1,914 | |
| Emmis Communications Corp., Class A | * | | | 4,461 | | | | 9,814 | |
| Entercom Communications Corp., Class A | * | | | 1,873 | | | | 16,520 | |
| Entravision Communications Corp., Class A | * | | | 4,930 | | | | 10,402 | |
| Gray Television, Inc. | * | | | 3,878 | | | | 9,346 | |
| Harris Interactive, Inc. | * | | | 6,590 | | | | 6,985 | |
| Harte-Hanks, Inc. | | | | 3,759 | | | | 39,282 | |
| Interactive Data Corp. | | | | 5,082 | | | | 169,637 | |
| John Wiley & Sons, Inc., Class A | | | | 4,647 | | | | 179,700 | |
| Journal Communications, Inc., Class A | * | | | 3,220 | | | | 12,783 | |
| Lamar Advertising Co., Class A | * | | | 8,416 | | | | 206,360 | |
| Lee Enterprises, Inc. | *† | | | 6,600 | | | | 16,962 | |
| Liberty Global, Inc., Series A | *† | | | 37,572 | | | | 976,496 | |
| Liberty Media Corp. - Capital, Series A | * | | | 8,284 | | | | 347,182 | |
| Liberty Media Corp. - Starz, Series A | * | | | 9,136 | | | | 473,610 | |
| LIN TV Corp., Class A | * | | | 2,390 | | | | 12,930 | |
| Live Nation Entertainment, Inc. | * | | | 12,489 | | | | 130,510 | |
| Madison Square Garden, Inc., Class A | * | | | 13,823 | | | | 271,898 | |
| Martha Stewart Living Omnimedia, Class A | *† | | | 4,928 | | | | 24,246 | |
| McClatchy Co. (The), Class A | *† | | | 3,506 | | | | 12,762 | |
| Media General, Inc., Class A | *† | | | 1,595 | | | | 15,567 | |
| Mediacom Communications Corp., Class A | * | | | 3,433 | | | | 23,070 | |
| Morningstar, Inc. | * | | | 5,316 | | | | 226,036 | |
| National CineMedia, Inc. | | | | 3,917 | | | | 65,257 | |
| Navarre Corp. | * | | | 6,720 | | | | 14,650 | |
| New Frontier Media, Inc. | * | | | 6,104 | | | | 9,827 | |
| Playboy Enterprises, Inc., Class B | * | | | 1,251 | | | | 5,254 | |
| PRIMEDIA, Inc. | | | | 5,508 | | | | 16,138 | |
| Radio Unica Communications Corp. | *‡d | | | 1,900 | | | | — | |
See accompanying notes to financial statements.
220
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| RCN Corp. | * | | | 3,770 | | | $ | 55,834 | |
| Regal Entertainment Group, Class A | | | | 14,340 | | | | 186,994 | |
| Salem Communications Corp., Class A | * | | | 850 | | | | 3,154 | |
| Scholastic Corp. | † | | | 2,095 | | | | 50,531 | |
| Sinclair Broadcast Group, Inc., Class A | * | | | 4,220 | | | | 24,603 | |
| Sirius XM Radio, Inc. | *† | | | 569,683 | | | | 540,914 | |
| Valassis Communications, Inc. | * | | | 5,634 | | | | 178,711 | |
| Value Line, Inc. | | | | 573 | | | | 10,394 | |
| Virgin Media, Inc. | | | | 40,183 | | | | 670,654 | |
| Warner Music Group Corp. | * | | | 4,960 | | | | 24,106 | |
| World Wrestling Entertainment, Inc., Class A | | | | 2,315 | | | | 36,021 | |
| | | | | | | | | | | | | | 7,009,553 | |
| |
Metals & Mining—1.5% |
| Allied Nevada Gold Corp. | * | | | 14,263 | | | | 280,696 | |
| AMCOL International Corp. | | | | 2,631 | | | | 61,829 | |
| Brush Engineered Materials, Inc. | * | | | 2,925 | | | | 58,442 | |
| Carpenter Technology Corp. | | | | 4,339 | | | | 142,449 | |
| Century Aluminum Co. | * | | | 12,417 | | | | 109,642 | |
| Coeur d’Alene Mines Corp. | * | | | 18,566 | | | | 292,971 | |
| Commercial Metals Co. | | | | 10,756 | | | | 142,194 | |
| Compass Minerals International, Inc. | † | | | 2,644 | | | | 185,820 | |
| Globe Specialty Metals, Inc. | *† | | | 7,023 | | | | 72,548 | |
| Haynes International, Inc. | | | | 1,057 | | | | 32,587 | |
| Hecla Mining Co. | *† | | | 40,979 | | | | 213,910 | |
| Horsehead Holding Corp. | * | | | 2,963 | | | | 22,400 | |
| Kaiser Aluminum Corp. | | | | 1,862 | | | | 64,556 | |
| Olympic Steel, Inc. | | | | 1,703 | | | | 39,118 | |
| Reliance Steel & Aluminum Co. | | | | 8,638 | | | | 312,264 | |
| Rock of Ages Corp. | * | | | 1,387 | | | | 5,631 | |
| Royal Gold, Inc. | | | | 5,965 | | | | 286,320 | |
| RTI International Metals, Inc. | * | | | 2,591 | | | | 62,469 | |
| Schnitzer Steel Industries, Inc., Class A | | | | 1,822 | | | | 71,422 | |
| Southern Copper Corp. | | | | 27,609 | | | | 732,743 | |
| Steel Dynamics, Inc. | | | | 29,561 | | | | 389,910 | |
| Stillwater Mining Co. | *† | | | 8,114 | | | | 94,285 | |
| Universal Stainless & Alloy Products, Inc. | *† | | | 2,058 | | | | 32,907 | |
| Walter Energy, Inc. | | | | 6,232 | | | | 379,217 | |
| Worthington Industries, Inc. | | | | 5,837 | | | | 75,064 | |
| | | | | | | | | | | | | | 4,161,394 | |
| |
Multiline Retail—0.5% |
| 99 Cents Only Stores | * | | | 11,183 | | | | 165,509 | |
| Dillard’s, Inc., Class A | | | | 6,484 | | | | 139,406 | |
| Dollar General Corp. | * | | | 4,966 | | | | 136,813 | |
| Dollar Tree, Inc. | * | | | 16,192 | | | | 674,073 | |
| Fred’s, Inc., Class A | | | | 3,463 | | | | 38,301 | |
| Retail Ventures, Inc. | * | | | 5,577 | | | | 43,612 | |
| Saks, Inc. | *† | | | 11,548 | | | | 87,649 | |
| Tuesday Morning Corp. | * | | | 1,816 | | | | 7,246 | |
| | | | | | | | | | | | | | 1,292,609 | |
| |
Multi-Utilities—1.0% |
| Alliant Energy Corp. | | | | 15,892 | | | | 504,412 | |
| Avista Corp. | † | | | 5,411 | | | | 105,677 | |
| Black Hills Corp. | | | | 5,338 | | | | 151,973 | |
| CH Energy Group, Inc. | | | | 1,512 | | | | 59,331 | |
| MDU Resources Group, Inc. | | | | 30,643 | | | | 552,493 | |
| NorthWestern Corp. | | | | 2,859 | | | | 74,906 | |
| NSTAR | † | | | 16,497 | | | | 577,395 | |
| OGE Energy Corp. | | | | 11,455 | | | | 418,795 | |
| Vectren Corp. | | | | 9,838 | | | | 232,767 | |
| | | | | | | | | | | | | | 2,677,749 | |
| |
Office Electronics—0.1% |
| Zebra Technologies Corp., Class A | * | | | 6,386 | | | | 162,013 | |
| |
Oil, Gas & Consumable Fuels—4.5% |
| Abraxas Petroleum Corp. | *† | | | 13,781 | | | | 38,587 | |
| Adams Resources & Energy, Inc. | | | | 1,462 | | | | 26,316 | |
| Alpha Natural Resources, Inc. | * | | | 13,452 | | | | 455,619 | |
| American Oil & Gas, Inc. | *† | | | 12,364 | | | | 77,646 | |
| Apco Oil and Gas International, Inc. | † | | | 2,488 | | | | 58,493 | |
| Approach Resources, Inc. | * | | | 6,387 | | | | 43,943 | |
| Arch Coal, Inc. | | | | 18,710 | | | | 370,645 | |
| Arena Resources, Inc. | * | | | 5,841 | | | | 186,328 | |
| Atlas Energy, Inc. | * | | | 10,207 | | | | 276,303 | |
| ATP Oil & Gas Corp. | *† | | | 7,618 | | | | 80,675 | |
| Berry Petroleum Co., Class A | † | | | 4,186 | | | | 107,664 | |
| Bill Barrett Corp. | * | | | 3,665 | | | | 112,772 | |
| Blue Dolphin Energy Co. | * | | | 3,650 | | | | 1,314 | |
| BP Prudhoe Bay Royalty Trust | | | | 1,774 | | | | 158,152 | |
| BPZ Resources, Inc. | *† | | | 15,708 | | | | 65,188 | |
| Brigham Exploration Co. | *† | | | 21,737 | | | | 334,315 | |
| Callon Petroleum Co. | *† | | | 3,060 | | | | 19,278 | |
| Carrizo Oil & Gas, Inc. | * | | | 3,680 | | | | 57,150 | |
| Cheniere Energy, Inc. | *† | | | 8,135 | | | | 22,941 | |
| Cimarex Energy Co. | | | | 10,290 | | | | 736,558 | |
| Clayton Williams Energy, Inc. | * | | | 1,241 | | | | 52,271 | |
| Cloud Peak Energy, Inc. | * | | | 10,276 | | | | 136,260 | |
| Comstock Resources, Inc. | * | | | 5,496 | | | | 152,349 | |
| Concho Resources, Inc. | * | | | 8,523 | | | | 471,578 | |
| Contango Oil & Gas Co. | * | | | 2,731 | | | | 122,212 | |
| Continental Resources, Inc. | * | | | 6,795 | | | | 303,193 | |
| CREDO Petroleum Corp. | *† | | | 5,377 | | | | 39,575 | |
| Cross Timbers Royalty Trust | | | | 833 | | | | 28,947 | |
| Crosstex Energy, Inc. | * | | | 3,995 | | | | 25,608 | |
| CVR Energy, Inc. | * | | | 12,026 | | | | 90,436 | |
| Delta Petroleum Corp. | *† | | | 18,693 | | | | 16,076 | |
| DHT Holdings, Inc. (Jersey, Channel Islands) | | | | 5,478 | | | | 21,090 | |
| Energy XXI Bermuda Ltd. (Bermuda) | *† | | | 1,398 | | | | 22,060 | |
| Evergreen Energy, Inc. | * | | | 4,470 | | | | 474 | |
| EXCO Resources, Inc. | | | | 29,396 | | | | 429,476 | |
| Forest Oil Corp. | * | | | 13,513 | | | | 369,716 | |
| Frontier Oil Corp. | | | | 11,462 | | | | 154,164 | |
| FX Energy, Inc. | * | | | 12,608 | | | | 45,641 | |
| General Maritime Corp. | † | | | 16,254 | | | | 98,174 | |
| GMX Resources, Inc. | *† | | | 4,998 | | | | 32,437 | |
| Goodrich Petroleum Corp. | * | | | 3,087 | | | | 37,044 | |
| Harvest Natural Resources, Inc. | * | | | 3,340 | | | | 24,616 | |
| Holly Corp. | † | | | 5,010 | | | | 133,166 | |
| Hugoton Royalty Trust | | | | 8,143 | | | | 154,554 | |
| International Coal Group, Inc. | * | | | 7,310 | | | | 28,144 | |
| James River Coal Co. | * | | | 4,933 | | | | 78,533 | |
| Kodiak Oil & Gas Corp. | * | | | 15,634 | | | | 49,872 | |
| Mariner Energy, Inc. | * | | | 19,834 | | | | 426,034 | |
| McMoRan Exploration Co. | * | | | 12,011 | | | | 133,442 | |
| National Coal Corp. | * | | | 529 | | | | 317 | |
| Newfield Exploration Co. | * | | | 14,725 | | | | 719,463 | |
| NGAS Resources, Inc. | *† | | | 6,300 | | | | 6,615 | |
See accompanying notes to financial statements.
221
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June 30, 2010 (Unaudited)
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COMMON STOCKS—(Continued) |
| Overseas Shipholding Group, Inc. | | | | 2,227 | | | $ | 82,488 | |
| Pacific Ethanol, Inc. | * | | | 9,943 | | | | 6,364 | |
| Patriot Coal Corp. | * | | | 18,041 | | | | 211,982 | |
| Penn Virginia Corp. | | | | 4,723 | | | | 94,980 | |
| Petrohawk Energy Corp. | * | | | 34,203 | | | | 580,425 | |
| Petroleum Development Corp. | * | | | 1,839 | | | | 47,115 | |
| Petroquest Energy, Inc. | *† | | | 8,496 | | | | 57,433 | |
| Plains Exploration & Production Co. | * | | | 13,362 | | | | 275,391 | |
| PostRock Energy Corp. | * | | | 295 | | | | 1,416 | |
| Quicksilver Resources, Inc. | * | | | 21,139 | | | | 232,529 | |
| Rentech, Inc. | *† | | | 24,671 | | | | 24,424 | |
| REX American Resources Corp. | * | | | 1,034 | | | | 16,544 | |
| Rosetta Resources, Inc. | * | | | 5,534 | | | | 109,629 | |
| SandRidge Energy, Inc. | *† | | | 28,059 | | | | 163,584 | |
| Ship Finance International Ltd. (Bermuda) | † | | | 8,731 | | | | 156,110 | |
| SM Energy Co. | | | | 7,383 | | | | 296,501 | |
| Southern Union Co. | | | | 17,630 | | | | 385,392 | |
| Stone Energy Corp. | *† | | | 7,436 | | | | 82,986 | |
| Swift Energy Co. | * | | | 2,908 | | | | 78,254 | |
| Syntroleum Corp. | *† | | | 9,066 | | | | 14,868 | |
| Teekay Corp. (Canada) | | | | 2,938 | | | | 76,887 | |
| Tengasco, Inc. | * | | | 9,394 | | | | 4,237 | |
| Toreador Resources Corp. (France) | * | | | 3,690 | | | | 20,295 | |
| Tri-Valley Corp. | *† | | | 10,477 | | | | 10,582 | |
| Ultra Petroleum Corp. | * | | | 17,923 | | | | 793,093 | |
| Uranium Resources, Inc. | * | | | 5,500 | | | | 2,184 | |
| USEC, Inc. | * | | | 11,624 | | | | 55,330 | |
| Vaalco Energy, Inc. | * | | | 14,344 | | | | 80,326 | |
| Verenium Corp. | *† | | | 149 | | | | 350 | |
| W&T Offshore, Inc. | | | | 8,355 | | | | 79,038 | |
| Warren Resources, Inc. | * | | | 8,229 | | | | 23,864 | |
| Western Refining, Inc. | *† | | | 21,783 | | | | 109,568 | |
| Westmoreland Coal Co. | * | | | 2,951 | | | | 23,962 | |
| Whiting Petroleum Corp. | * | | | 4,952 | | | | 388,336 | |
| World Fuel Services Corp. | † | | | 5,432 | | | | 140,906 | |
| | | | | | | | | | | | | | 12,360,797 | |
| |
Paper & Forest Products—0.3% |
| Buckeye Technologies, Inc. | * | | | 7,361 | | | | 73,242 | |
| Clearwater Paper Corp. | * | | | 1,554 | | | | 85,097 | |
| Deltic Timber Corp. | † | | | 1,046 | | | | 43,723 | |
| Domtar Corp. (Canada) | | | | 4,712 | | | | 231,595 | |
| Louisiana-Pacific Corp. | *† | | | 14,060 | | | | 94,061 | |
| Neenah Paper, Inc. | † | | | 2,110 | | | | 38,613 | |
| P.H. Glatfelter Co. | | | | 3,315 | | | | 35,968 | |
| Schweitzer-Mauduit International, Inc. | | | | 1,838 | | | | 92,727 | |
| Wausau Paper Corp. | * | | | 3,503 | | | | 23,715 | |
| | | | | | | | | | | | | | 718,741 | |
| |
Personal Products—0.6% |
| Alberto-Culver Co. | | | | 11,508 | | | | 311,752 | |
| Elizabeth Arden, Inc. | * | | | 2,728 | | | | 39,611 | |
| Herbalife Ltd. (Cayman Islands) | | | | 6,656 | | | | 306,509 | |
| Mannatech, Inc. | * | | | 2,631 | | | | 5,236 | |
| Medifast, Inc. | *† | | | 3,127 | | | | 81,021 | |
| NBTY, Inc. | * | | | 8,679 | | | | 295,173 | |
| Nu Skin Enterprises, Inc., Class A | | | | 8,394 | | | | 209,262 | |
| Prestige Brands Holdings, Inc. | *† | | | 19,094 | | | | 135,185 | |
| Reliv International, Inc. | | | | 3,018 | | | | 7,303 | |
| USANA Health Sciences, Inc. | * | | | 2,706 | | | | 98,850 | |
| | | | | | | | | | | | | | 1,489,902 | |
| |
Pharmaceuticals—1.2% |
| Adolor Corp. | * | | | 8,628 | | | | 9,404 | |
| Alexza Pharmaceuticals, Inc. | *† | | | 17,706 | | | | 48,160 | |
| Auxilium Pharmaceuticals, Inc. | *† | | | 5,136 | | | | 120,696 | |
| AVANIR Pharmaceuticals, Inc., Class A | *† | | | 9,525 | | | | 24,479 | |
| BioMimetic Therapeutics, Inc. | *† | | | 2,563 | | | | 28,501 | |
| Cadence Pharmaceuticals, Inc. | *† | | | 3,700 | | | | 25,937 | |
| Columbia Laboratories, Inc. | *† | | | 5,940 | | | | 6,296 | |
| CPEX Pharmaceuticals, Inc. | * | | | 201 | | | | 5,326 | |
| Cypress Bioscience, Inc. | *† | | | 4,031 | | | | 9,271 | |
| Depomed, Inc. | *† | | | 7,330 | | | | 20,524 | |
| Durect Corp. | * | | | 7,330 | | | | 17,812 | |
| Emisphere Technologies, Inc. | *† | | | 3,412 | | | | 10,714 | |
| Endo Pharmaceuticals Holdings, Inc. | * | | | 16,505 | | | | 360,139 | |
| Harbor BioSciences, Inc. | * | | | 16,879 | | | | 4,557 | |
| Heska Corp. | * | | | 4,463 | | | | 2,812 | |
| Hi-Tech Pharmacal Co., Inc. | * | | | 2,404 | | | | 55,076 | |
| Impax Laboratories, Inc. | * | | | 4,424 | | | | 84,321 | |
| Inspire Pharmaceuticals, Inc. | *† | | | 4,570 | | | | 22,804 | |
| KV Pharmaceutical Co., Class A | *† | | | 3,009 | | | | 2,528 | |
| Matrixx Initiatives, Inc. | * | | | 1,810 | | | | 8,326 | |
| Medicines Co. (The) | * | | | 5,261 | | | | 40,036 | |
| Medicis Pharmaceutical Corp., Class A | | | | 7,704 | | | | 168,563 | |
| Nektar Therapeutics | * | | | 8,780 | | | | 106,238 | |
| Obagi Medical Products, Inc. | *† | | | 2,119 | | | | 25,047 | |
| Optimer Pharmaceuticals, Inc. | *† | | | 4,269 | | | | 39,574 | |
| Pain Therapeutics, Inc. | * | | | 10,298 | | | | 57,257 | |
| Par Pharmaceutical Cos., Inc. | * | | | 4,295 | | | | 111,498 | |
| Penwest Pharmaceuticals Co. | *† | | | 5,730 | | | | 18,909 | |
| Perrigo Co. | † | | | 10,097 | | | | 596,430 | |
| Pozen, Inc. | *† | | | 1,922 | | | | 13,473 | |
| Questcor Pharmaceuticals, Inc. | *† | | | 15,157 | | | | 154,753 | |
| Salix Pharmaceuticals Ltd. | * | | | 6,531 | | | | 254,905 | |
| Santarus, Inc. | * | | | 7,750 | | | | 19,220 | |
| SuperGen, Inc. | * | | | 3,719 | | | | 7,512 | |
| Valeant Pharmaceuticals International | * | | | 8,116 | | | | 424,386 | |
| Viropharma, Inc. | * | | | 6,036 | | | | 67,664 | |
| Vivus, Inc. | *† | | | 23,293 | | | | 223,613 | |
| XenoPort, Inc. | * | | | 3,786 | | | | 37,141 | |
| | | | | | | | | | | | | | 3,233,902 | |
| |
Professional Services—1.1% |
| Acacia Research - Acacia Technologies | * | | | 5,547 | | | | 78,934 | |
| Administaff, Inc. | | | | 2,357 | | | | 56,945 | |
| Advisory Board Co. (The) | * | | | 1,300 | | | | 55,848 | |
| Barrett Business Services, Inc. | | | | 3,976 | | | | 49,302 | |
| CBIZ, Inc. | * | | | 11,984 | | | | 76,218 | |
| CDI Corp. | † | | | 2,129 | | | | 33,063 | |
| Corporate Executive Board Co. (The) | | | | 4,101 | | | | 107,733 | |
| CoStar Group, Inc. | *† | | | 1,557 | | | | 60,412 | |
| CRA International, Inc. | * | | | 1,427 | | | | 26,870 | |
| Diamond Management & Technology Consultants, Inc. | | | | 3,731 | | | | 38,467 | |
| Exponent, Inc. | * | | | 1,790 | | | | 58,569 | |
| FTI Consulting, Inc. | * | | | 7,274 | | | | 317,074 | |
| Heidrick & Struggles International, Inc. | | | | 2,178 | | | | 49,702 | |
| Hudson Highland Group, Inc. | * | | | 10,844 | | | | 47,714 | |
See accompanying notes to financial statements.
222
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Mid/Small
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COMMON STOCKS—(Continued) |
| Huron Consulting Group, Inc. | * | | | 2,888 | | | $ | 56,056 | |
| ICF International, Inc. | * | | | 3,718 | | | | 88,972 | |
| IHS, Inc., Class A | *† | | | 4,063 | | | | 237,360 | |
| Kelly Services, Inc., Class A | * | | | 2,431 | | | | 36,149 | |
| Kforce, Inc. | * | | | 3,398 | | | | 43,325 | |
| Korn/Ferry International | * | | | 5,840 | | | | 81,176 | |
| LECG Corp. | *† | | | 2,344 | | | | 6,094 | |
| Manpower, Inc. | | | | 8,675 | | | | 374,586 | |
| Navigant Consulting, Inc. | * | | | 4,173 | | | | 43,316 | |
| Odyssey Marine Exploration, Inc. | * | | | 8,263 | | | | 8,263 | |
| On Assignment, Inc. | * | | | 3,093 | | | | 15,558 | |
| RCM Technologies, Inc. | * | | | 13,065 | | | | 58,401 | |
| Resources Connection, Inc. | * | | | 3,825 | | | | 52,020 | |
| School Specialty, Inc. | * | | | 1,184 | | | | 21,395 | |
| SFN Group, Inc. | * | | | 6,986 | | | | 38,144 | |
| Towers Watson & Co., Class A | | | | 8,585 | | | | 333,527 | |
| TrueBlue, Inc. | *† | | | 4,946 | | | | 55,346 | |
| Verisk Analytics, Inc., Class A | * | | | 10,608 | | | | 317,179 | |
| Volt Information Sciences, Inc. | * | | | 1,251 | | | | 10,508 | |
| | | | | | | | | | | | | | 2,934,226 | |
| |
Real Estate Investment Trusts (REITs)—7.8% |
| Acadia Realty Trust REIT | | | | 6,545 | | | | 110,087 | |
| Agree Realty Corp. REIT | | | | 2,037 | | | | 47,503 | |
| Alexander’s, Inc. REIT | | | | 319 | | | | 96,631 | |
| Alexandria Real Estate Equities, Inc. REIT | | | | 4,666 | | | | 295,684 | |
| AMB Property Corp. REIT | | | | 18,491 | | | | 438,422 | |
| American Campus Communities, Inc. REIT | | | | 9,050 | | | | 246,975 | |
| Annaly Capital Management, Inc. REIT | | | | 65,699 | | | | 1,126,738 | |
| Anworth Mortgage Asset Corp. REIT | | | | 22,080 | | | | 157,210 | |
| Arbor Realty Trust, Inc. REIT | * | | | 5,065 | | | | 26,186 | |
| Ashford Hospitality Trust, Inc. REIT | * | | | 18,529 | | | | 135,818 | |
| Associated Estates Realty Corp. REIT | † | | | 9,539 | | | | 123,530 | |
| BioMed Realty Trust, Inc. REIT | † | | | 11,550 | | | | 185,840 | |
| Brandywine Realty Trust REIT | | | | 12,040 | | | | 129,430 | |
| BRE Properties, Inc. REIT | † | | | 6,792 | | | | 250,829 | |
| BRT Realty Trust REIT | * | | | 9,712 | | | | 57,301 | |
| Camden Property Trust REIT | † | | | 7,975 | | | | 325,779 | |
| Capital Trust, Inc., Class A REIT | *† | | | 4,198 | | | | 6,927 | |
| CapLease, Inc. REIT | | | | 16,118 | | | | 74,304 | |
| Capstead Mortgage Corp. REIT | | | | 21,675 | | | | 239,726 | |
| CBL & Associates Properties, Inc. REIT | | | | 16,769 | | | | 208,606 | |
| Cedar Shopping Centers, Inc. REIT | | | | 4,496 | | | | 27,066 | |
| Chimera Investment Corp. REIT | | | | 59,608 | | | | 215,185 | |
| Cogdell Spencer, Inc. REIT | | | | 15,553 | | | | 105,138 | |
| Cohen & Co., Inc. REIT | * | | | 4,976 | | | | 24,880 | |
| Colonial Properties Trust REIT | | | | 11,263 | | | | 163,651 | |
| Corporate Office Properties Trust REIT | | | | 10,605 | | | | 400,445 | |
| Cousins Properties, Inc. REIT | | | | 21,286 | | | | 143,468 | |
| Cypress Sharpridge Investments, Inc. REIT | | | | 12,420 | | | | 157,237 | |
| DCT Industrial Trust, Inc. REIT | | | | 18,769 | | | | 84,836 | |
| Developers Diversified Realty Corp. REIT | † | | | 21,387 | | | | 211,731 | |
| DiamondRock Hospitality Co. REIT | *† | | | 17,985 | | | | 147,837 | |
| Digital Realty Trust, Inc. REIT | † | | | 10,192 | | | | 587,875 | |
| Douglas Emmett, Inc. REIT | † | | | 12,435 | | | | 176,826 | |
| Duke Realty Corp. REIT | | | | 30,952 | | | | 351,305 | |
| DuPont Fabros Technology, Inc. REIT | | | | 7,468 | | | | 183,414 | |
| EastGroup Properties, Inc. REIT | † | | | 3,244 | | | | 115,422 | |
| Education Realty Trust, Inc. REIT | † | | | 17,410 | | | | 104,982 | |
| Entertainment Properties Trust REIT | | | | 5,830 | | | | 221,948 | |
| Equity Lifestyle Properties, Inc. REIT | | | | 3,906 | | | | 188,386 | |
| Equity One, Inc. REIT | | | | 10,099 | | | | 157,544 | |
| Essex Property Trust, Inc. REIT | † | | | 3,036 | | | | 296,131 | |
| Extra Space Storage, Inc. REIT | | | | 15,154 | | | | 210,641 | |
| Federal Realty Investment Trust REIT | | | | 7,552 | | | | 530,679 | |
| FelCor Lodging Trust, Inc. REIT | * | | | 15,669 | | | | 78,188 | |
| First Industrial Realty Trust, Inc. REIT | * | | | 7,659 | | | | 36,916 | |
| First Potomac Realty Trust REIT | † | | | 4,965 | | | | 71,347 | |
| Franklin Street Properties Corp. REIT | | | | 7,176 | | | | 84,749 | |
| General Growth Properties, Inc. REIT | | | | 35,030 | | | | 464,498 | |
| Getty Realty Corp. REIT | | | | 1,935 | | | | 43,363 | |
| Glimcher Realty Trust REIT | | | | 13,195 | | | | 78,906 | |
| Government Properties Income Trust REIT | | | | 9,264 | | | | 236,417 | |
| Gramercy Capital Corp. REIT | * | | | 3,048 | | | | 3,840 | |
| Hatteras Financial Corp. REIT | | | | 5,888 | | | | 163,804 | |
| Healthcare Realty Trust, Inc. REIT | | | | 12,953 | | | | 284,577 | |
| Hersha Hospitality Trust REIT | | | | 35,520 | | | | 160,550 | |
| Highwoods Properties, Inc. REIT | † | | | 7,925 | | | | 219,998 | |
| Home Properties, Inc. REIT | † | | | 3,441 | | | | 155,086 | |
| Hospitality Properties Trust REIT | | | | 14,906 | | | | 314,517 | |
| HRPT Properties Trust REIT | * | | | 22,924 | | | | 142,358 | |
| Inland Real Estate Corp. REIT | | | | 13,771 | | | | 109,066 | |
| Invesco Mortgage Capital, Inc. REIT | | | | 9,357 | | | | 187,234 | |
| Investors Real Estate Trust REIT | | | | 8,064 | | | | 71,205 | |
| iStar Financial, Inc. REIT | *† | | | 8,506 | | | | 37,937 | |
| Kilroy Realty Corp. REIT | | | | 3,793 | | | | 112,766 | |
| Kite Realty Group Trust REIT | | | | 8,526 | | | | 35,639 | |
| LaSalle Hotel Properties REIT | | | | 9,298 | | | | 191,260 | |
| Lexington Realty Trust REIT | | | | 15,470 | | | | 92,975 | |
| Liberty Property Trust REIT | † | | | 12,049 | | | | 347,614 | |
| LTC Properties, Inc. REIT | † | | | 3,135 | | | | 76,086 | |
| Macerich Co. (The) REIT | | | | 17,749 | | | | 662,393 | |
| Mack-Cali Realty Corp. REIT | | | | 9,456 | | | | 281,127 | |
| Medical Properties Trust, Inc. REIT | † | | | 14,235 | | | | 134,378 | |
| MFA Financial, Inc. REIT | | | | 24,174 | | | | 178,888 | |
| Mid-America Apartment Communities, Inc. REIT | † | | | 4,388 | | | | 225,850 | |
| Mission West Properties, Inc. REIT | | | | 7,471 | | | | 50,952 | |
See accompanying notes to financial statements.
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| Monmouth Real Estate Investment Corp., Class A REIT | | | | 9,567 | | | $ | 70,700 | |
| MPG Office Trust, Inc. REIT | *† | | | 2,300 | | | | 6,739 | |
| National Health Investors, Inc. REIT | | | | 2,715 | | | | 104,690 | |
| National Retail Properties, Inc. REIT | | | | 8,389 | | | | 179,860 | |
| Nationwide Health Properties, Inc. REIT | | | | 15,119 | | | | 540,807 | |
| Newcastle Investment Corp. REIT | *† | | | 13,023 | | | | 34,902 | |
| NorthStar Realty Finance Corp. REIT | † | | | 16,048 | | | | 42,848 | |
| Omega Healthcare Investors, Inc. REIT | | | | 13,137 | | | | 261,820 | |
| Pacific Office Properties Trust, Inc. REIT | | | | 10,462 | | | | 42,476 | |
| Parkway Properties, Inc. REIT | † | | | 3,135 | | | | 45,677 | |
| Pennsylvania Real Estate Investment Trust REIT | | | | 2,750 | | | | 33,605 | |
| PMC Commercial Trust REIT | | | | 2,035 | | | | 16,646 | |
| Post Properties, Inc. REIT | | | | 8,556 | | | | 194,478 | |
| Potlatch Corp. REIT | | | | 5,163 | | | | 184,474 | |
| PS Business Parks, Inc. REIT | | | | 2,662 | | | | 148,486 | |
| RAIT Financial Trust REIT | *† | | | 5,932 | | | | 11,093 | |
| Ramco-Gershenson Properties Trust REIT | | | | 1,412 | | | | 14,261 | |
| Rayonier, Inc. REIT | | | | 10,775 | | | | 474,316 | |
| Realty Income Corp. REIT | † | | | 13,377 | | | | 405,724 | |
| Redwood Trust, Inc. REIT | | | | 16,275 | | | | 238,266 | |
| Regency Centers Corp. REIT | † | | | 9,136 | | | | 314,278 | |
| Resource Capital Corp. REIT | | | | 10,043 | | | | 57,044 | |
| Saul Centers, Inc. REIT | | | | 1,310 | | | | 53,225 | |
| Senior Housing Properties Trust REIT | † | | | 14,066 | | | | 282,867 | |
| SL Green Realty Corp. REIT | | | | 10,004 | | | | 550,620 | |
| Sovran Self Storage, Inc. REIT | | | | 4,324 | | | | 148,875 | |
| Starwood Property Trust, Inc. REIT | | | | 14,111 | | | | 239,181 | |
| Strategic Hotels & Resorts, Inc. REIT | * | | | 16,048 | | | | 70,451 | |
| Sun Communities, Inc. REIT | | | | 3,803 | | | | 98,726 | |
| Sunstone Hotel Investors, Inc. REIT | * | | | 14,263 | | | | 141,632 | |
| Tanger Factory Outlet Centers, Inc. REIT | | | | 4,661 | | | | 192,872 | |
| Taubman Centers, Inc. REIT | † | | | 4,982 | | | | 187,473 | |
| UDR, Inc. REIT | | | | 24,072 | | | | 460,497 | |
| Universal Health Realty Income Trust REIT | | | | 2,198 | | | | 70,622 | |
| Urstadt Biddle Properties, Inc., Class A REIT | † | | | 9,180 | | | | 148,073 | |
| U-Store-It Trust REIT | | | | 16,753 | | | | 124,977 | |
| Walter Investment Management Corp. REIT | | | | 3,686 | | | | 60,266 | |
| Washington Real Estate Investment Trust REIT | † | | | 7,906 | | | | 218,127 | |
| Weingarten Realty Investors REIT | | | | 12,310 | | | | 234,506 | |
| Winthrop Realty Trust REIT | | | | 2,133 | | | | 27,324 | |
| | | | | | | | | | | | | | 21,158,141 | |
| |
Real Estate Management & Development—0.5% |
| Altisource Portfolio Solutions SA (Luxembourg) | * | | | 1,020 | | | | 25,235 | |
| Brookfield Properties Corp. | † | | | 38,913 | | | | 546,338 | |
| Consolidated-Tomoka Land Co. | † | | | 530 | | | | 15,105 | |
| Forest City Enterprises, Inc., Class A | * | | | 26,352 | | | | 298,305 | |
| Forestar Group, Inc. | * | | | 3,217 | | | | 57,777 | |
| Grubb & Ellis Co. | * | | | 2,553 | | | | 2,502 | |
| Jones Lang LaSalle, Inc. | | | | 3,159 | | | | 207,357 | |
| St. Joe Co. (The) | *† | | | 7,919 | | | | 183,404 | |
| Tejon Ranch Co. | *† | | | 2,983 | | | | 68,847 | |
| Thomas Properties Group, Inc. | | | | 2,396 | | | | 7,931 | |
| | | | | | | | | | | | | | 1,412,801 | |
| |
Road & Rail—1.1% |
| Amerco, Inc. | * | | | 547 | | | | 30,112 | |
| Arkansas Best Corp. | | | | 2,819 | | | | 58,494 | |
| Avis Budget Group, Inc. | * | | | 12,388 | | | | 121,650 | |
| Celadon Group, Inc. | * | | | 8,104 | | | | 114,591 | |
| Con-way, Inc. | | | | 5,482 | | | | 164,570 | |
| Dollar Thrifty Automotive Group, Inc. | * | | | 5,231 | | | | 222,893 | |
| Genesee & Wyoming, Inc., Class A | * | | | 5,284 | | | | 197,146 | |
| Heartland Express, Inc. | | | | 6,375 | | | | 92,565 | |
| Hertz Global Holdings, Inc. | *† | | | 27,382 | | | | 259,034 | |
| J.B. Hunt Transport Services, Inc. | † | | | 15,471 | | | | 505,438 | |
| Kansas City Southern | * | | | 9,908 | | | | 360,156 | |
| Knight Transportation, Inc. | † | | | 9,350 | | | | 189,244 | |
| Landstar System, Inc. | | | | 4,879 | | | | 190,232 | |
| Old Dominion Freight Line, Inc. | * | | | 4,195 | | | | 147,412 | |
| PAM Transportation Services, Inc. | * | | | 1,139 | | | | 17,119 | |
| Quality Distribution, Inc. | * | | | 4,385 | | | | 22,670 | |
| Saia, Inc. | *† | | | 1,522 | | | | 22,830 | |
| Werner Enterprises, Inc. | † | | | 8,304 | | | | 181,774 | |
| YRC Worldwide, Inc. | * | | | 130,731 | | | | 19,610 | |
| | | | | | | | | | | | | | 2,917,540 | |
| |
Semiconductors & Semiconductor Equipment—3.5% |
| Actel Corp. | * | | | 4,134 | | | | 52,998 | |
| Advanced Analogic Technologies, Inc. | * | | | 5,860 | | | | 18,693 | |
| Advanced Energy Industries, Inc. | * | | | 4,472 | | | | 54,961 | |
| Aetrium, Inc. | * | | | 614 | | | | 1,995 | |
| Amkor Technology, Inc. | *† | | | 19,660 | | | | 108,327 | |
| Anadigics, Inc. | * | | | 4,986 | | | | 21,739 | |
| Applied Micro Circuits Corp. | *† | | | 11,626 | | | | 121,840 | |
| Atheros Communications, Inc. | * | | | 7,675 | | | | 211,369 | |
| Atmel Corp. | * | | | 74,102 | | | | 355,690 | |
| ATMI, Inc. | * | | | 3,386 | | | | 49,571 | |
| Axcelis Technologies, Inc. | * | | | 15,338 | | | | 23,774 | |
| AXT, Inc. | *† | | | 4,552 | | | | 20,530 | |
| Brooks Automation, Inc. | * | | | 4,415 | | | | 34,128 | |
| Cabot Microelectronics Corp. | * | | | 2,070 | | | | 71,601 | |
| Cavium Networks, Inc. | * | | | 10,250 | | | | 268,447 | |
| Ceva, Inc. | * | | | 3,092 | | | | 38,959 | |
| Cirrus Logic, Inc. | * | | | 10,253 | | | | 162,100 | |
| Cohu, Inc. | | | | 1,889 | | | | 22,914 | |
| Conexant Systems, Inc. | * | | | 8,169 | | | | 18,299 | |
| Cree, Inc. | * | | | 11,206 | | | | 672,696 | |
| Cymer, Inc. | *† | | | 2,731 | | | | 82,039 | |
| Cypress Semiconductor Corp. | * | | | 18,602 | | | | 186,764 | |
| Diodes, Inc. | * | | | 3,326 | | | | 52,784 | |
| DSP Group, Inc. | * | | | 4,251 | | | | 27,164 | |
| Energy Conversion Devices, Inc. | *† | | | 11,532 | | | | 47,281 | |
See accompanying notes to financial statements.
224
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| Entegris, Inc. | * | | | 22,462 | | | $ | 89,174 | |
| Evergreen Solar, Inc. | *† | | | 11,911 | | | | 8,123 | |
| Exar Corp. | * | | | 3,475 | | | | 24,082 | |
| Fairchild Semiconductor International, Inc. | * | | | 9,371 | | | | 78,810 | |
| FEI Co. | * | | | 2,918 | | | | 57,514 | |
| Formfactor, Inc. | * | | | 6,215 | | | | 67,122 | |
| FSI International, Inc. | * | | | 4,280 | | | | 17,933 | |
| GT Solar International, Inc. | *† | | | 16,226 | | | | 90,866 | |
| Hittite Microwave Corp. | * | | | 4,799 | | | | 214,707 | |
| Integrated Device Technology, Inc. | * | | | 35,990 | | | | 178,150 | |
| Integrated Silicon Solution, Inc. | *† | | | 2,930 | | | | 22,092 | |
| International Rectifier Corp. | *† | | | 4,883 | | | | 90,873 | |
| Intersil Corp., Class A | | | | 21,983 | | | | 266,214 | |
| IXYS Corp. | * | | | 3,270 | | | | 28,907 | |
| Kopin Corp. | * | | | 5,031 | | | | 17,055 | |
| Kulicke & Soffa Industries, Inc. | *† | | | 4,089 | | | | 28,705 | |
| Lam Research Corp. | * | | | 12,359 | | | | 470,384 | |
| Lattice Semiconductor Corp. | * | | | 16,642 | | | | 72,226 | |
| LTX-Credence Corp. | *† | | | 14,256 | | | | 40,344 | |
| Marvell Technology Group Ltd. (Bermuda) | * | | | 66,728 | | | | 1,051,633 | |
| Mattson Technology, Inc. | * | | | 4,081 | | | | 15,467 | |
| Maxim Integrated Products, Inc. | | | | 26,129 | | | | 437,138 | |
| Micrel, Inc. | | | | 3,731 | | | | 37,982 | |
| Microsemi Corp. | * | | | 10,450 | | | | 152,883 | |
| Mindspeed Technologies, Inc. | *† | | | 9,324 | | | | 69,837 | |
| MIPS Technologies, Inc. | * | | | 5,359 | | | | 27,384 | |
| MKS Instruments, Inc. | *† | | | 3,260 | | | | 61,027 | |
| Monolithic Power Systems, Inc. | * | | | 2,258 | | | | 40,328 | |
| MoSys, Inc. | * | | | 3,592 | | | | 15,877 | |
| Netlogic Microsystems, Inc. | * | | | 8,434 | | | | 229,405 | |
| NVE Corp. | * | | | 771 | | | | 33,562 | |
| Omnivision Technologies, Inc. | * | | | 5,691 | | | | 122,015 | |
| ON Semiconductor Corp. | * | | | 40,597 | | | | 259,009 | |
| PDF Solutions, Inc. | * | | | 9,022 | | | | 43,306 | |
| Pericom Semiconductor Corp. | * | | | 2,254 | | | | 21,638 | |
| Photronics, Inc. | * | | | 1,989 | | | | 8,990 | |
| PLX Technology, Inc. | * | | | 2,950 | | | | 12,360 | |
| PMC - Sierra, Inc. | * | | | 24,045 | | | | 180,818 | |
| Power Integrations, Inc. | | | | 4,153 | | | | 133,706 | |
| QuickLogic Corp. | * | | | 14,701 | | | | 43,074 | |
| Rambus, Inc. | * | | | 9,556 | | | | 167,421 | |
| Ramtron International Corp. | * | | | 1,920 | | | | 4,992 | |
| RF Micro Devices, Inc. | * | | | 18,530 | | | | 72,452 | |
| Rudolph Technologies, Inc. | * | | | 2,516 | | | | 18,996 | |
| Semtech Corp. | * | | | 4,634 | | | | 75,859 | |
| Sigma Designs, Inc. | *† | | | 5,116 | | | | 51,211 | |
| Silicon Image, Inc. | * | | | 6,882 | | | | 24,156 | |
| Silicon Laboratories, Inc. | * | | | 6,046 | | | | 245,226 | |
| Skyworks Solutions, Inc. | * | | | 19,173 | | | | 321,915 | |
| Spire Corp. | *† | | | 1,921 | | | | 6,685 | |
| Standard Microsystems Corp. | * | | | 2,548 | | | | 59,317 | |
| SunPower Corp., Class A | *† | | | 6,513 | | | | 78,807 | |
| SunPower Corp., Class B | * | | | 2,746 | | | | 29,657 | |
| Supertex, Inc. | * | | | 815 | | | | 20,098 | |
| Tech/Ops Sevcon, Inc. | * | | | 720 | | | | 3,715 | |
| Tegal Corp. | * | | | 312 | | | | 236 | |
| Tessera Technologies, Inc. | * | | | 4,876 | | | | 78,260 | |
| Transwitch Corp. | *† | | | 429 | | | | 925 | |
| Trident Microsystems, Inc. | * | | | 5,092 | | | | 7,231 | |
| TriQuint Semiconductor, Inc. | *† | | | 33,674 | | | | 205,748 | |
| Ultra Clean Holdings, Inc. | *† | | | 5,255 | | | | 44,773 | |
| Ultratech, Inc. | * | | | 2,462 | | | | 40,057 | |
| Varian Semiconductor Equipment Associates, Inc. | * | | | 6,209 | | | | 177,950 | |
| Veeco Instruments, Inc. | *† | | | 4,057 | | | | 139,074 | |
| Virage Logic Corp. | * | | | 3,332 | | | | 39,617 | |
| Volterra Semiconductor Corp. | * | | | 2,894 | | | | 66,736 | |
| Zoran Corp. | * | | | 5,136 | | | | 48,997 | |
| | | | | | | | | | | | | | 9,617,494 | |
| |
Software—3.8% | | | |
| ACI Worldwide, Inc. | * | | | 3,078 | | | | 59,929 | |
| Activision Blizzard, Inc. | | | | 83,001 | | | | 870,681 | |
| Actuate Corp. | * | | | 6,674 | | | | 29,699 | |
| Advent Software, Inc. | *† | | | 1,819 | | | | 85,420 | |
| American Software, Inc., Class A | | | | 7,072 | | | | 32,673 | |
| ANSYS, Inc. | * | | | 9,676 | | | | 392,555 | |
| ArcSight, Inc. | * | | | 2,215 | | | | 49,594 | |
| Ariba, Inc. | *† | | | 9,992 | | | | 159,173 | |
| Authentidate Holding Corp. | * | | | 41,599 | | | | 26,320 | |
| Blackbaud, Inc. | | | | 6,583 | | | | 143,312 | |
| Blackboard, Inc. | *† | | | 5,585 | | | | 208,488 | |
| Bottomline Technologies, Inc. | * | | | 7,278 | | | | 94,832 | |
| Cadence Design Systems, Inc. | * | | | 44,833 | | | | 259,583 | |
| Callidus Software, Inc. | * | | | 14,237 | | | | 47,124 | |
| CommVault Systems, Inc. | * | | | 8,784 | | | | 197,640 | |
| Concur Technologies, Inc. | * | | | 4,210 | | | | 179,683 | |
| Datawatch Corp. | * | | | 3,500 | | | | 9,555 | |
| Double-Take Software, Inc. | * | | | 16,098 | | | | 168,868 | |
| Ebix, Inc. | *† | | | 3,924 | | | | 61,528 | |
| Epicor Software Corp. | * | | | 5,701 | | | | 45,551 | |
| EPIQ Systems, Inc. | * | | | 7,191 | | | | 92,980 | |
| ePresence, Inc. | *‡d | | | 1,173 | | | | — | |
| Evolving Systems, Inc. | | | | 1,123 | | | | 8,086 | |
| Factset Research Systems, Inc. | † | | | 4,857 | | | | 325,370 | |
| Fair Isaac Corp. | † | | | 5,856 | | | | 127,602 | |
| FalconStor Software, Inc. | * | | | 4,054 | | | | 10,703 | |
| Geeknet, Inc. | * | | | 6,619 | | | | 8,208 | |
| Informatica Corp. | * | | | 13,311 | | | | 317,867 | |
| Interactive Intelligence, Inc. | * | | | 1,644 | | | | 27,011 | |
| Jack Henry & Associates, Inc. | | | | 8,674 | | | | 207,135 | |
| JDA Software Group, Inc. | * | | | 5,444 | | | | 119,659 | |
| Kenexa Corp. | * | | | 2,904 | | | | 34,848 | |
| Lawson Software, Inc. | * | | | 14,326 | | | | 104,580 | |
| Magma Design Automation, Inc. | *† | | | 11,855 | | | | 33,668 | |
| Manhattan Associates, Inc. | * | | | 2,125 | | | | 58,544 | |
| Mentor Graphics Corp. | * | | | 16,213 | | | | 143,485 | |
| MICROS Systems, Inc. | * | | | 8,507 | | | | 271,118 | |
| MicroStrategy, Inc., Class A | * | | | 791 | | | | 59,396 | |
| Netscout Systems, Inc. | * | | | 3,784 | | | | 53,809 | |
| Nuance Communications, Inc. | *† | | | 37,481 | | | | 560,341 | |
| Parametric Technology Corp. | * | | | 16,045 | | | | 251,425 | |
| Pegasystems, Inc. | | | | 2,142 | | | | 68,780 | |
| Phoenix Technologies Ltd. | * | | | 2,710 | | | | 7,832 | |
| Progress Software Corp. | * | | | 3,213 | | | | 96,486 | |
| PROS Holdings, Inc. | * | | | 1,506 | | | | 9,789 | |
| QAD, Inc. | * | | | 1,363 | | | | 5,629 | |
| Quest Software, Inc. | * | | | 6,863 | | | | 123,809 | |
| Radiant Systems, Inc. | * | | | 2,709 | | | | 39,172 | |
| Renaissance Learning, Inc. | † | | | 1,354 | | | | 19,890 | |
| Rovi Corp. | * | | | 12,402 | | | | 470,160 | |
| S1 Corp. | * | | | 5,886 | | | | 35,375 | |
| Scientific Learning Corp. | * | | | 3,146 | | | | 16,548 | |
| Smith Micro Software, Inc. | *† | | | 2,612 | | | | 24,840 | |
| SolarWinds, Inc. | * | | | 7,515 | | | | 120,541 | |
| Solera Holdings, Inc. | | | | 10,602 | | | | 383,792 | |
| Sonic Foundry, Inc. | *† | | | 1,155 | | | | 8,443 | |
| Sonic Solutions, Inc. | *† | | | 3,804 | | | | 31,763 | |
See accompanying notes to financial statements.
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| SonicWALL, Inc. | * | | | 4,632 | | | $ | 54,426 | |
| SuccessFactors, Inc. | *† | | | 11,609 | | | | 241,351 | |
| Sybase, Inc. | * | | | 8,832 | | | | 571,077 | |
| Symyx Technologies, Inc. | * | | | 3,865 | | | | 19,364 | |
| Synchronoss Technologies, Inc. | * | | | 1,415 | | | | 26,843 | |
| Synopsys, Inc. | * | | | 22,481 | | | | 469,178 | |
| Take-Two Interactive Software, Inc. | * | | | 11,372 | | | | 102,348 | |
| Taleo Corp., Class A | * | | | 6,912 | | | | 167,892 | |
| TeleCommunication Systems, Inc., Class A | *† | | | 6,400 | | | | 26,496 | |
| THQ, Inc. | * | | | 8,914 | | | | 38,508 | |
| TIBCO Software, Inc. | * | | | 31,100 | | | | 375,066 | |
| TiVo, Inc. | *† | | | 12,393 | | | | 91,460 | |
| Tyler Technologies, Inc. | *† | | | 3,715 | | | | 57,657 | |
| Ultimate Software Group, Inc. | *† | | | 1,966 | | | | 64,603 | |
| VASCO Data Security International, Inc. | * | | | 4,225 | | | | 26,068 | |
| Versant Corp. | * | | | 1,264 | | �� | | 14,081 | |
| VMware, Inc., Class A | * | | | 8,685 | | | | 543,594 | |
| Wayside Technology Group, Inc. | | | | 1,787 | | | | 16,208 | |
| Websense, Inc. | * | | | 3,500 | | | | 66,150 | |
| | | | | | | | | | | | | | 10,373,262 | |
| |
Specialty Retail—2.7% |
| A.C. Moore Arts & Crafts, Inc. | * | | | 1,967 | | | | 4,465 | |
| Aaron’s, Inc. | † | | | 11,220 | | | | 191,525 | |
| Advance Auto Parts, Inc. | | | | 9,949 | | | | 499,241 | |
| Aeropostale, Inc. | * | | | 9,000 | | | | 257,760 | |
| American Eagle Outfitters, Inc. | | | | 24,889 | | | | 292,446 | |
| America’s Car-Mart, Inc. | *† | | | 1,569 | | | | 35,506 | |
| AnnTaylor Stores Corp. | * | | | 7,577 | | | | 123,278 | |
| Asbury Automotive Group, Inc. | * | | | 2,974 | | | | 31,346 | |
| Barnes & Noble, Inc. | † | | | 3,301 | | | | 42,583 | |
| Bebe Stores, Inc. | | | | 2,040 | | | | 13,056 | |
| Big 5 Sporting Goods Corp. | † | | | 2,416 | | | | 31,746 | |
| Borders Group, Inc. | *† | | | 3,582 | | | | 4,764 | |
| Brown Shoe Co., Inc. | | | | 3,758 | | | | 57,046 | |
| Buckle, Inc. (The) | † | | | 2,041 | | | | 66,169 | |
| Build-A-Bear Workshop, Inc. | * | | | 5,570 | | | | 37,765 | |
| Cabela’s, Inc. | *† | | | 7,877 | | | | 111,381 | |
| Cache, Inc. | * | | | 2,130 | | | | 12,098 | |
| Casual Male Retail Group, Inc. | * | | | 2,471 | | | | 8,451 | |
| Cato Corp. (The), Class A | | | | 2,994 | | | | 65,928 | |
| Charming Shoppes, Inc. | * | | | 14,608 | | | | 54,780 | |
| Chico’s FAS, Inc. | | | | 18,871 | | | | 186,446 | |
| Children’s Place Retail Stores, Inc. (The) | * | | | 2,900 | | | | 127,658 | |
| Christopher & Banks Corp. | † | | | 6,972 | | | | 43,157 | |
| Citi Trends, Inc. | * | | | 1,617 | | | | 53,264 | |
| Coldwater Creek, Inc. | * | | | 19,404 | | | | 65,197 | |
| Collective Brands, Inc. | * | | | 5,897 | | | | 93,173 | |
| Cost Plus, Inc. | * | | | 2,725 | | | | 9,728 | |
| Destination Maternity Corp. | * | | | 684 | | | | 17,305 | |
| Dick’s Sporting Goods, Inc. | * | | | 7,504 | | | | 186,775 | |
| Dress Barn, Inc. (The) | * | | | 8,170 | | | | 194,528 | |
| DSW, Inc., Class A | * | | | 1,395 | | | | 31,332 | |
| Finish Line, Inc. (The), Class A | | | | 3,667 | | | | 51,081 | |
| Foot Locker, Inc. | | | | 14,098 | | | | 177,917 | |
| Genesco, Inc. | * | | | 2,452 | | | | 64,512 | |
| Group 1 Automotive, Inc. | * | | | 1,745 | | | | 41,060 | |
| Guess?, Inc. | | | | 9,563 | | | | 298,748 | |
| Gymboree Corp. | * | | | 3,254 | | | | 138,978 | |
| Haverty Furniture Cos., Inc. | | | | 2,301 | | | | 28,279 | |
| Hibbett Sports, Inc. | *† | | | 2,997 | | | | 71,808 | |
| Hot Topic, Inc. | | | | 9,233 | | | | 46,904 | |
| J. Crew Group, Inc. | * | | | 4,149 | | | | 152,725 | |
| Jo-Ann Stores, Inc. | *† | | | 3,191 | | | | 119,694 | |
| JOS A. Bank Clothiers, Inc. | * | | | 2,128 | | | | 114,891 | |
| Kirkland’s, Inc. | * | | | 2,193 | | | | 37,007 | |
| Lithia Motors, Inc., Class A | | | | 2,689 | | | | 16,618 | |
| Lumber Liquidators Holdings, Inc. | *† | | | 5,681 | | | | 132,538 | |
| MarineMax, Inc. | *† | | | 3,026 | | | | 21,000 | |
| Men’s Wearhouse, Inc. (The) | | | | 3,813 | | | | 70,007 | |
| Midas, Inc. | *† | | | 5,745 | | | | 44,064 | |
| Monro Muffler Brake, Inc. | | | | 3,970 | | | | 156,934 | |
| OfficeMax, Inc. | * | | | 6,199 | | | | 80,959 | |
| Pacific Sunwear of California, Inc. | * | | | 5,046 | | | | 16,147 | |
| Penske Automotive Group, Inc. | * | | | 7,863 | | | | 89,324 | |
| Pep Boys-Manny, Moe & Jack (The) | | | | 12,678 | | | | 112,327 | |
| PetSmart, Inc. | | | | 16,930 | | | | 510,778 | |
| Pier 1 Imports, Inc. | * | | | 13,527 | | | | 86,708 | |
| Rent-A-Center, Inc. | *† | | | 9,372 | | | | 189,877 | |
| Sally Beauty Holdings, Inc. | * | | | 17,120 | | | | 140,384 | |
| Select Comfort Corp. | * | | | 8,082 | | | | 70,718 | |
| Shoe Carnival, Inc. | * | | | 1,098 | | | | 22,520 | |
| Signet Jewelers Ltd. (Bermuda) | * | | | 10,398 | | | | 285,945 | |
| Sonic Automotive, Inc., Class A | * | | | 4,249 | | | | 36,371 | |
| Stage Stores, Inc. | | | | 3,672 | | | | 39,217 | |
| Stein Mart, Inc. | *† | | | 3,731 | | | | 23,244 | |
| Systemax, Inc. | † | | | 1,358 | | | | 20,465 | |
| Talbots, Inc. | *† | | | 8,133 | | | | 83,851 | |
| Tractor Supply Co. | † | | | 3,365 | | | | 205,164 | |
| Trans World Entertainment Corp. | * | | | 1,932 | | | | 3,284 | |
| Ulta Salon Cosmetics & Fragrance, Inc. | * | | | 1,225 | | | | 28,984 | |
| West Marine, Inc. | * | | | 6,841 | | | | 74,430 | |
| Wet Seal, Inc. (The), Class A | *† | | | 29,219 | | | | 106,649 | |
| Williams-Sonoma, Inc. | | | | 9,794 | | | | 243,087 | |
| Zale Corp. | *† | | | 2,902 | | | | 4,585 | |
| | | | | | | | | | | | | | 7,209,680 | |
| |
Textiles, Apparel & Luxury Goods—1.1% |
| Carter’s, Inc. | * | | | 6,915 | | | | 181,519 | |
| Charles & Colvard Ltd. | *† | | | 693 | | | | 1,933 | |
| Cherokee, Inc. | | | | 2,054 | | | | 35,123 | |
| Columbia Sportswear Co. | | | | 1,447 | | | | 67,531 | |
| CROCS, Inc. | * | | | 20,724 | | | | 219,260 | |
| Culp, Inc. | * | | | 888 | | | | 9,732 | |
| Deckers Outdoor Corp. | * | | | 1,741 | | | | 248,737 | |
| Forward Industries, Inc. | * | | | 3,751 | | | | 11,666 | |
| Fossil, Inc. | * | | | 5,295 | | | | 183,737 | |
| Hallwood Group, Inc. | * | | | 100 | | | | 3,800 | |
| Hanesbrands, Inc. | * | | | 13,470 | | | | 324,088 | |
| Iconix Brand Group, Inc. | * | | | 7,941 | | | | 114,112 | |
| Jones Apparel Group, Inc. | | | | 7,936 | | | | 125,786 | |
| Kenneth Cole Productions, Inc., Class A | * | | | 4,620 | | | | 50,866 | |
| K-Swiss, Inc., Class A | * | | | 2,909 | | | | 32,668 | |
| Lazare Kaplan International, Inc. | *‡d | | | 1,140 | | | | — | |
| Liz Claiborne, Inc. | * | | | 7,285 | | | | 30,743 | |
| Movado Group, Inc. | * | | | 1,527 | | | | 16,308 | |
| Oxford Industries, Inc. | | | | 3,052 | | | | 63,878 | |
| Phillips-Van Heusen Corp. | | | | 6,096 | | | | 282,062 | |
| Quiksilver, Inc. | * | | | 7,789 | | | | 28,819 | |
| Skechers U.S.A., Inc., Class A | * | | | 4,533 | | | | 165,545 | |
| Steven Madden Ltd. | * | | | 2,292 | | | | 72,244 | |
| Timberland Co. (The), Class A | * | | | 4,569 | | | | 73,789 | |
See accompanying notes to financial statements.
226
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Mid/Small
Company Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
COMMON STOCKS—(Continued) |
| True Religion Apparel, Inc. | * | | | 1,923 | | | $ | 42,441 | |
| Under Armour, Inc., Class A | *† | | | 3,385 | | | | 112,145 | |
| Unifi, Inc. | * | | | 9,669 | | | | 36,936 | |
| Unifirst Corp. | | | | 605 | | | | 26,632 | |
| Warnaco Group, Inc. (The) | * | | | 4,690 | | | | 169,497 | |
| Wolverine World Wide, Inc. | | | | 7,089 | | | | 178,785 | |
| | | | | | | | | | | | | | 2,910,382 | |
| |
Thrifts & Mortgage Finance—1.3% |
| Anchor Bancorp Wisconsin, Inc. | *† | | | 5,568 | | | | 2,506 | |
| Astoria Financial Corp. | | | | 12,205 | | | | 167,941 | |
| Bank Mutual Corp. | | | | 5,557 | | | | 31,564 | |
| BankAtlantic Bancorp, Inc., Class A | *† | | | 25,481 | | | | 35,673 | |
| Beneficial Mutual Bancorp, Inc. | * | | | 4,733 | | | | 46,762 | |
| Brookline Bancorp, Inc. | † | | | 6,167 | | | | 54,763 | |
| Capitol Federal Financial | | | | 2,421 | | | | 80,280 | |
| CFS Bancorp, Inc. | | | | 2,085 | | | | 10,133 | |
| Dime Community Bancshares, Inc. | † | | | 3,549 | | | | 43,759 | |
| Doral Financial Corp. (Puerto Rico) | *† | | | 3,585 | | | | 8,747 | |
| ESSA Bancorp, Inc. | † | | | 5,953 | | | | 73,281 | |
| Federal Agricultural Mortgage Corp., Class C | † | | | 3,105 | | | | 43,563 | |
| Federal Home Loan Mortgage Corp. | * | | | 43,895 | | | | 18,129 | |
| Federal National Mortgage Association | *† | | | 66,437 | | | | 22,755 | |
| First Financial Holdings, Inc. | † | | | 3,864 | | | | 44,243 | |
| First Financial Northwest, Inc. | | | | 3,255 | | | | 12,890 | |
| First Niagara Financial Group, Inc. | | | | 35,667 | | | | 446,908 | |
| First Place Financial Corp. | | | | 4,299 | | | | 12,897 | |
| Flagstar Bancorp, Inc. | * | | | 902 | | | | 2,832 | |
| Flushing Financial Corp. | | | | 2,981 | | | | 36,458 | |
| Harrington West Financial Group, Inc. | * | | | 1,172 | | | | 270 | |
| Kearny Financial Corp. | | | | 3,008 | | | | 27,553 | |
| MGIC Investment Corp. | * | | | 9,027 | | | | 62,196 | |
| NASB Financial, Inc. | † | | | 529 | | | | 8,014 | |
| New York Community Bancorp, Inc. | | | | 52,283 | | | | 798,361 | |
| NewAlliance Bancshares, Inc. | | | | 22,307 | | | | 250,061 | |
| Northwest Bancshares, Inc. | | | | 5,465 | | | | 62,684 | |
| OceanFirst Financial Corp. | | | | 2,108 | | | | 25,444 | |
| Ocwen Financial Corp. | * | | | 15,790 | | | | 160,900 | |
| Oritani Financial Corp. | | | | 3,165 | | | | 31,645 | |
| Parkvale Financial Corp. | | | | 1,077 | | | | 9,025 | |
| PMI Group, Inc. (The) | *† | | | 24,097 | | | | 69,640 | |
| Provident Financial Services, Inc. | | | | 10,187 | | | | 119,086 | |
| Provident New York Bancorp | | | | 5,681 | | | | 50,277 | |
| Radian Group, Inc. | | | | 13,580 | | | | 98,319 | |
| Riverview Bancorp, Inc. | * | | | 2,602 | | | | 6,375 | |
| TFS Financial Corp. | | | | 9,048 | | | | 112,286 | |
| TierOne Corp. | * | | | 1,971 | | | | 136 | |
| Tree.com, Inc. | *† | | | 5,006 | | | | 31,638 | |
| Triad Guaranty, Inc. | * | | | 5,663 | | | | 1,302 | |
| Trustco Bank Corp. | | | | 7,080 | | | | 39,648 | |
| United Financial Bancorp, Inc. | | | | 5,398 | | | | 73,683 | |
| United Western Bancorp, Inc. | | | | 974 | | | | 779 | |
| Washington Federal, Inc. | | | | 13,589 | | | | 219,870 | |
| Westfield Financial, Inc. | † | | | 8,596 | | | | 71,605 | |
| WSFS Financial Corp. | † | | | 1,929 | | | | 69,309 | |
| | | | | | | | | | | | | | 3,596,190 | |
| |
Tobacco—0.1% |
| Alliance One International, Inc. | * | | | 10,209 | | | | 36,344 | |
| Universal Corp. | | | | 1,971 | | | | 78,209 | |
| Vector Group Ltd. | † | | | 5,280 | | | | 88,810 | |
| | | | | | | | | | | | | | 203,363 | |
| |
Trading Companies & Distributors—0.4% |
| Aceto Corp. | | | | 3,385 | | | | 19,396 | |
| Aircastle Ltd. | | | | 5,287 | | | | 41,503 | |
| Applied Industrial Technologies, Inc. | | | | 2,868 | | | | 72,618 | |
| Beacon Roofing Supply, Inc. | * | | | 4,124 | | | | 74,315 | |
| GATX Corp. | † | | | 5,443 | | | | 145,219 | |
| H&E Equipment Services, Inc. | * | | | 1,490 | | | | 11,160 | |
| Houston Wire & Cable Co. | † | | | 5,166 | | | | 56,051 | |
| Interline Brands, Inc. | *† | | | 4,165 | | | | 72,013 | |
| Kaman Corp. | † | | | 2,736 | | | | 60,520 | |
| MSC Industrial Direct Co., Class A | | | | 3,645 | | | | 184,656 | |
| Rush Enterprises, Inc., Class A | *† | | | 3,059 | | | | 40,868 | |
| United Rentals, Inc. | * | | | 8,627 | | | | 80,404 | |
| Watsco, Inc. | | | | 2,671 | | | | 154,704 | |
| WESCO International, Inc. | *† | | | 5,009 | | | | 168,653 | |
| Willis Lease Finance Corp. | * | | | 1,234 | | | | 11,377 | |
| | | | | | | | | | | | | | 1,193,457 | |
| |
Water Utilities—0.6% |
| American States Water Co. | † | | | 3,697 | | | | 122,519 | |
| American Water Works Co., Inc. | | | | 22,255 | | | | 458,453 | |
| Aqua America, Inc. | † | | | 23,717 | | | | 419,316 | |
| California Water Service Group | † | | | 2,718 | | | | 97,033 | |
| Connecticut Water Service, Inc. | | | | 3,803 | | | | 79,939 | |
| Middlesex Water Co. | | | | 2,861 | | | | 45,347 | |
| SJW Corp. | | | | 5,096 | | | | 119,450 | |
| Southwest Water Co. | | | | 13,788 | | | | 144,498 | |
| | | | | | | | | | | | | | 1,486,555 | |
| |
Wireless Telecommunication Services—1.4% |
| Clearwire Corp., Class A | *† | | | 23,621 | | | | 171,961 | |
| Crown Castle International Corp. | * | | | 40,551 | | | | 1,510,930 | |
| FiberTower Corp. | *† | | | 657 | | | | 3,101 | |
| Leap Wireless International, Inc. | * | | | 15,431 | | | | 200,294 | |
| NII Holdings, Inc. | * | | | 23,249 | | | | 756,057 | |
| NTELOS Holdings Corp. | † | | | 3,103 | | | | 53,372 | |
| SBA Communications Corp., Class A | *† | | | 17,956 | | | | 610,684 | |
| Shenandoah Telecommunications Co. | † | | | 2,133 | | | | 37,839 | |
| Syniverse Holdings, Inc. | * | | | 8,935 | | | | 182,721 | |
| Telephone & Data Systems, Inc. | | | | 8,158 | | | | 247,922 | |
| United States Cellular Corp. | * | | | 1,375 | | | | 56,581 | |
| USA Mobility, Inc. | † | | | 2,924 | | | | 37,778 | |
| | | | | | | | | | | | | | 3,869,240 | |
| |
TOTAL COMMON STOCKS |
| (Cost $272,306,224) | | | | | | 266,276,760 | |
See accompanying notes to financial statements.
227
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Mid/Small
Company Index Fund
Coupon
Rate
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|---|
U.S. TREASURY OBLIGATIONS—0.2% |
| |
U.S. Treasury Bills—0.2% |
| U.S. Treasury Bill |
| 0.089% | | | | 09/09/2010 | | ‡‡ | | | | | | | | |
| (Cost $534,909) | | | $ | 535,000 | | | $ | 534,849 | |
| |
| |
| | | | | | | | | | Shares | | | | Value | |
RIGHTS—0.0% |
| |
Biotechnology—0.0% |
| Ligand Pharmaceuticals, Inc., Expires 12/31/2011 | *‡d | | | 4,683 | | | | — | |
| |
Commercial Banks—0.0% |
| Hanmi Financial Corp. | *‡ | | | 5,069 | | | | 304 | |
| |
Pharmaceuticals—0.0% |
| Fresenius Kabi Pharmaceuticals Holding, Inc. (Germany), Expires 06/30/2011 | * | | | 1,744 | | | | 229 | |
| |
Textiles, Apparel & Luxury Goods—0.0% |
| Mossimo, Inc. | *‡d | | | 2,807 | | | | — | |
| |
Thrifts & Mortgage Finance—0.0% |
| BankAtlantic Bancorp, Inc., Expires 12/31/2010 | *‡d | | | 8,332 | | | | — | |
| |
TOTAL RIGHTS |
| (Cost $19,825) | | | | | | 533 | |
| |
| |
WARRANTS—0.0% |
| |
Diversified Financial Services—0.0% |
| Pegasus Wireless Corp. | *‡d | | | | | | | | |
| (Cost $—) | | | | 200 | | | | — | |
| |
| |
CASH EQUIVALENTS—13.9% |
| |
Institutional Money Market Funds—13.9% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 5,750,000 | | | | 5,750,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 5,125,227 | | | | 5,125,227 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 4,004,803 | | | | 4,004,803 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 5,750,000 | | | | 5,750,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 5,750,000 | | | | 5,750,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 5,750,000 | | | | 5,750,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 5,750,000 | | | | 5,750,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $37,880,030) | | | | | $ | 37,880,030 | |
| |
TOTAL INVESTMENTS—111.8% | | | |
| (Cost $310,740,988) | | 304,692,172 | |
| Other assets less liabilities—(11.8%) | | (32,073,183 | ) |
| |
NET ASSETS—100.0% | $ | 272,618,989 | |
Notes to the Schedule of Investments: |
| REIT | | Real Estate Investment Trust |
| † | | Denotes all or a portion of the security on loan. |
| d | | Security has no market value at June 30, 2010. |
| ‡ | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| ‡‡ | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
228
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
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| Value
|
|
|---|
| |
COMMON STOCKS—96.7% |
| |
Australia—7.8% | | | | | | | |
| AGL Energy Ltd. | | | | 8,054 | | | $ | 99,058 | |
| Alumina Ltd. | | | | 43,731 | | | | 55,345 | |
| Amcor Ltd. | | | | 22,424 | | | | 119,511 | |
| AMP Ltd. | | | | 35,588 | | | | 154,454 | |
| Aristocrat Leisure Ltd. | | | | 6,119 | | | | 18,648 | |
| Arrow Energy Ltd. | * | | | 10,971 | | | | 44,405 | |
| Asciano Group | * | | | 47,554 | | | | 63,860 | |
| ASX Ltd. | | | | 3,174 | | | | 77,427 | |
| Australia & New Zealand Banking Group Ltd. | | | | 44,738 | | | | 803,556 | |
| AXA Asia Pacific Holdings Ltd. | | | | 19,091 | | | | 87,341 | |
| Bendigo and Adelaide Bank Ltd. | | | | 6,445 | | | | 43,928 | |
| BHP Billiton Ltd. | | | | 59,090 | | | | 1,838,264 | |
| Billabong International Ltd. | | | | 3,672 | | | | 26,666 | |
| BlueScope Steel Ltd. | * | | | 31,699 | | | | 55,108 | |
| Boral Ltd. | | | | 10,122 | | | | 40,545 | |
| Brambles Ltd. | | | | 24,837 | | | | 113,110 | |
| Caltex Australia Ltd. | † | | | 2,904 | | | | 22,785 | |
| CFS Retail Property Trust REIT | | | | 29,651 | | | | 46,868 | |
| Coca-Cola Amatil Ltd. | | | | 10,055 | | | | 100,679 | |
| Cochlear Ltd. | | | | 961 | | | | 59,859 | |
| Commonwealth Bank of Australia | | | | 27,007 | | | | 1,091,826 | |
| Computershare Ltd. | | | | 7,579 | | | | 67,026 | |
| Crown Ltd. | | | | 8,054 | | | | 52,213 | |
| CSL Ltd. | | | | 9,870 | | | | 269,485 | |
| CSR Ltd. | | | | 27,765 | | | | 38,884 | |
| Dexus Property Group REIT | | | | 86,134 | | | | 55,270 | |
| Energy Resources of Australia Ltd. | | | | 973 | | | | 10,745 | |
| Fairfax Media Ltd. | † | | | 34,271 | | | | 37,446 | |
| Fortescue Metals Group Ltd. | * | | | 21,130 | | | | 71,661 | |
| Foster’s Group Ltd. | | | | 35,169 | | | | 166,579 | |
| Goodman Fielder Ltd. | | | | 21,372 | | | | 24,094 | |
| Goodman Group REIT | | | | 109,500 | | | | 57,916 | |
| GPT Group REIT | | | | 31,828 | | | | 74,314 | |
| Harvey Norman Holdings Ltd. | | | | 10,998 | | | | 30,379 | |
| Incitec Pivot Ltd. | | | | 27,185 | | | | 61,481 | |
| Insurance Australia Group Ltd. | | | | 38,050 | | | | 108,237 | |
| Intoll Group | | | | 40,325 | | | | 35,136 | |
| Leighton Holdings Ltd. | | | | 2,521 | | | | 60,633 | |
| Lend Lease Group | | | | 9,706 | | | | 59,106 | |
| MacArthur Coal Ltd. | | | | 2,124 | | | | 21,226 | |
| Macquarie Group Ltd. | | | | 5,840 | | | | 179,501 | |
| MAp Group | | | | 13,260 | | | | 29,718 | |
| Metcash Ltd. | | | | 14,473 | | | | 50,869 | |
| Mirvac Group REIT | | | | 52,107 | | | | 56,906 | |
| National Australia Bank Ltd. | | | | 37,438 | | | | 723,835 | |
| Newcrest Mining Ltd. | | | | 8,529 | | | | 248,847 | |
| OneSteel Ltd. | | | | 24,172 | | | | 59,805 | |
| Orica Ltd. | | | | 6,229 | | | | 131,030 | |
| Origin Energy Ltd. | | | | 15,432 | | | | 192,525 | |
| OZ Minerals Ltd. | * | | | 53,704 | | | | 42,533 | |
| Paladin Energy Ltd. | * | | | 12,048 | | | | 35,875 | |
| Qantas Airways Ltd. | * | | | 18,484 | | | | 33,884 | |
| QBE Insurance Group Ltd. | | | | 18,114 | | | | 274,863 | |
| Rio Tinto Ltd. | | | | 7,675 | | | | 422,082 | |
| Santos Ltd. | | | | 14,905 | | | | 155,765 | |
| Sims Metal Management Ltd. | | | | 2,945 | | | | 41,845 | |
| Sonic Healthcare Ltd. | | | | 6,206 | | | | 54,004 | |
| SP AusNet | | | | 20,280 | | | | 13,021 | |
| Stockland REIT | | | | 41,800 | | | | 129,731 | |
| Suncorp-Metway Ltd. | | | | 22,516 | | | | 150,636 | |
| Tabcorp Holdings Ltd. | | | | 11,019 | | | | 58,398 | |
| Tatts Group Ltd. | | | | 20,637 | | | | 38,695 | |
| Telstra Corp. Ltd. | | | | 77,637 | | | | 211,619 | |
| Toll Holdings Ltd. | | | | 11,926 | | | | 54,311 | |
| Transurban Group | | | | 21,485 | | | | 76,265 | |
| Wesfarmers Ltd. | | | | 17,704 | | | | 423,150 | |
| Wesfarmers Ltd. (Price Protected Shares) | | | | 2,853 | | | | 68,412 | |
| Westfield Group REIT | | | | 38,466 | | | | 390,882 | |
| Westpac Banking Corp. | | | | 52,505 | | | | 925,478 | |
| Woodside Petroleum Ltd. | | | | 9,636 | | | | 334,941 | |
| Woolworths Ltd. | | | | 22,018 | | | | 498,377 | |
| WorleyParsons Ltd. | | | | 2,974 | | | | 54,718 | |
| | | | | | | | | | | | | | 12,427,595 | |
| |
Austria—0.3% | | | |
| Erste Group Bank AG | | | | 3,421 | | | | 108,542 | |
| IMMOFINANZ AG | * | | | 17,662 | | | | 45,349 | |
| OMV AG | | | | 2,644 | | | | 79,401 | |
| Raiffeisen International Bank Holding AG | * | | | 930 | | | | 35,322 | |
| Telekom Austria AG | | | | 5,227 | | | | 58,123 | |
| Verbund AG, Class A | | | | 1,308 | | | | 40,023 | |
| Vienna Insurance Group | | | | 618 | | | | 25,653 | |
| Voestalpine AG | | | | 2,136 | | | | 58,174 | |
| | | | | | | | | 450,587 | |
| |
Belgium—0.9% | | | |
| Ageas | | | | 40,792 | | | | 90,775 | |
| Anheuser-Busch InBev NV | | | | 12,714 | | | | 611,305 | |
| Anheuser-Busch InBev NV STRIP VVPR | * | | | 4,872 | | | | 18 | |
| Belgacom SA | | | | 2,808 | | | | 88,288 | |
| Colruyt SA | | | | 256 | | | | 60,222 | |
| Compagnie Nationale a Portefeuille | | | | 620 | | | | 26,376 | |
| Delhaize Group SA | | | | 1,745 | | | | 126,627 | |
| Dexia SA | * | | | 10,356 | | | | 36,138 | |
| Groupe Bruxelles Lambert SA | | | | 1,399 | | | | 97,010 | |
| Groupe Bruxelles Lambert SA STRIP VVPR | * | | | 127 | | | | 1 | |
| KBC Groep NV | * | | | 2,865 | | | | 109,816 | |
| Mobistar SA | | | | 586 | | | | 31,135 | |
| Solvay SA | | | | 1,015 | | | | 86,674 | |
| UCB SA | | | | 1,717 | | | | 53,921 | |
| Umicore | | | | 1,995 | | | | 57,558 | |
| | | | | | | | | 1,475,864 | |
| |
Bermuda—0.1% | | | |
| Seadrill Ltd. | | | | 5,016 | | | | 90,478 | |
| |
China—0.0% | | | |
| Foxconn International Holdings Ltd. | * | | | 41,000 | | | | 26,543 | |
| Yangzijiang Shipbuilding Holdings Ltd. | | | | 25,000 | | | | 23,845 | |
| | | | | | | | | 50,388 | |
| |
Cyprus—0.0% | | | |
| Bank of Cyprus Public Co. Ltd. | | | | 9,449 | | | | 37,842 | |
| |
Denmark—1.0% | | | |
| A.P. Moller-Maersk A/S, Class A | | | | 10 | | | | 76,054 | |
| A.P. Moller-Maersk A/S, Class B | | | | 23 | | | | 181,144 | |
| Carlsberg A/S, Class B | | | | 1,889 | | | | 143,959 | |
| Coloplast A/S, Class B | | | | 394 | | | | 39,108 | |
|
See accompanying notes to financial statements.
229
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| Danske Bank A/S | * | | | 8,024 | | | $ | 154,401 | |
| DSV A/S | | | | 3,821 | | | | 55,013 | |
| Novo Nordisk A/S, Class B | | | | 7,673 | | | | 619,923 | |
| Novozymes A/S, Class B | | | | 839 | | | | 89,526 | |
| Tryg A/S | | | | 491 | | | | 25,868 | |
| Vestas Wind Systems A/S | * | | | 3,587 | | | | 149,277 | |
| William Demant Holding A/S | * | | | 358 | | | | 26,185 | |
| | | | | | | | | | | | | | 1,560,458 | |
| |
Finland—1.0% | | | |
| Elisa Oyj | * | | | 2,334 | | | | 40,369 | |
| Fortum Oyj | | | | 7,837 | | | | 172,028 | |
| Kesko Oyj, Class B | | | | 1,238 | | | | 40,045 | |
| Kone Oyj, Class B | | | | 2,839 | | | | 113,036 | |
| Metso Oyj | | | | 2,339 | | | | 74,957 | |
| Neste Oil Oyj | | | | 2,068 | | | | 30,005 | |
| Nokia Oyj | | | | 65,948 | | | | 537,529 | |
| Nokian Renkaat Oyj | | | | 1,862 | | | | 45,569 | |
| Orion Oyj, Class B | | | | 1,592 | | | | 29,775 | |
| Outokumpu Oyj | | | | 2,272 | | | | 34,138 | |
| Pohjola Bank plc | | | | 2,462 | | | | 25,000 | |
| Rautaruukki Oyj | | | | 1,584 | | | | 23,086 | |
| Sampo Oyj, Class A | | | | 7,657 | | | | 161,437 | |
| Sanoma Oyj | | | | 1,243 | | | | 21,461 | |
| Stora Enso Oyj (Registered) | † | | | 9,940 | | | | 71,824 | |
| UPM-Kymmene Oyj | | | | 9,029 | | | | 119,538 | |
| Wartsila Oyj | † | | | 1,429 | | | | 64,979 | |
| | | | | | | | | | | | | | 1,604,776 | |
| |
France—9.0% | | | |
| Accor SA | | | | 2,627 | | | | 121,618 | |
| Aeroports de Paris | | | | 565 | | | | 36,247 | |
| Air France-KLM | * | | | 2,488 | | | | 29,581 | |
| Air Liquide SA | | | | 4,947 | | | | 499,581 | |
| Alcatel-Lucent | * | | | 41,043 | | | | 104,522 | |
| Alstom SA | | | | 3,624 | | | | 164,085 | |
| Atos Origin SA | * | | | 801 | | | | 32,163 | |
| AXA SA | | | | 30,344 | | | | 463,568 | |
| BioMerieux | † | | | 244 | | | | 25,051 | |
| BNP Paribas | | | | 16,694 | | | | 898,150 | |
| Bouygues SA | | | | 4,061 | | | | 156,761 | |
| Bureau Veritas SA | | | | 936 | | | | 50,695 | |
| Cap Gemini SA | | | | 2,683 | | | | 117,917 | |
| Carrefour SA | | | | 10,616 | | | | 421,110 | |
| Casino Guichard Perrachon SA | | | | 967 | | | | 73,381 | |
| Christian Dior SA | | | | 1,107 | | | | 106,252 | |
| Cie de Saint-Gobain | | | | 6,898 | | | | 257,051 | |
| Cie Generale de Geophysique-Veritas | * | | | 2,451 | | | | 43,603 | |
| Cie Generale d’Optique Essilor International SA | † | | | 3,543 | | | | 210,542 | |
| CNP Assurances | | | | 676 | | | | 45,990 | |
| Compagnie Generale des Etablissements Michelin, Class B | | | | 2,564 | | | | 178,640 | |
| Credit Agricole SA | | | | 16,657 | | | | 172,819 | |
| Danone SA | | | | 10,217 | | | | 547,735 | |
| Dassault Systemes SA | | | | 1,058 | | | | 64,093 | |
| EDF SA | | | | 4,532 | | | | 172,427 | |
| Eiffage SA | | | | 649 | | | | 28,174 | |
| Eramet | † | | | 86 | | | | 21,256 | |
| Eurazeo | | | | 447 | | | | 25,643 | |
| Eutelsat Communications | | | | 1,875 | | | | 62,771 | |
| Fonciere Des Regions REIT | | | | 417 | | | | 34,375 | |
| France Telecom SA | | | | 32,649 | | | | 566,294 | |
| GDF Suez | | | | 21,897 | | | | 622,983 | |
| Gecina SA REIT | | | | 340 | | | | 30,715 | |
| Groupe Eurotunnel SA | | | | 7,637 | | | | 51,613 | |
| Hermes International | | | | 912 | | | | 120,900 | |
| ICADE REIT | | | | 336 | | | | 28,358 | |
| Iliad SA | † | | | 312 | | | | 24,228 | |
| Imerys SA | | | | 526 | | | | 26,765 | |
| Ipsen SA | | | | 445 | | | | 13,548 | |
| JCDecaux SA | * | | | 1,204 | | | | 28,053 | |
| Klepierre REIT | | | | 1,610 | | | | 44,483 | |
| Lafarge SA | | | | 3,523 | | | | 192,101 | |
| Lagardere SCA | | | | 2,073 | | | | 64,655 | |
| Legrand SA | | | | 2,288 | | | | 67,819 | |
| L’Oreal SA | | | | 4,219 | | | | 413,083 | |
| LVMH Moet Hennessy Louis Vuitton SA | | | | 4,318 | | | | 469,984 | |
| M6-Metropole Television | | | | 1,111 | | | | 22,466 | |
| Natixis | * | | | 15,994 | | | | 69,453 | |
| Neopost SA | | | | 600 | | | | 43,448 | |
| PagesJaunes Groupe | | | | 1,971 | | | | 20,315 | |
| Pernod-Ricard SA | | | | 3,551 | | | | 275,434 | |
| Peugeot SA | * | | | 2,753 | | | | 69,975 | |
| PPR | | | | 1,340 | | | | 166,459 | |
| Publicis Groupe SA | | | | 2,192 | | | | 87,438 | |
| Renault SA | * | | | 3,340 | | | | 123,805 | |
| Safran SA | | | | 2,985 | | | | 83,267 | |
| Sanofi-Aventis SA | | | | 18,568 | | | | 1,118,301 | |
| Schneider Electric SA | | | | 4,164 | | | | 420,564 | |
| SCOR SE | | | | 3,095 | | | | 59,113 | |
| Societe BIC SA | | | | 451 | | | | 32,031 | |
| Societe Generale | | | | 11,074 | | | | 455,683 | |
| Societe Television Francaise 1 | | | | 2,108 | | | | 27,465 | |
| Sodexo | | | | 1,672 | | | | 92,791 | |
| Suez Environnement Co. | | | | 4,703 | | | | 77,610 | |
| Technip SA | | | | 1,743 | | | | 99,971 | |
| Thales SA | | | | 1,497 | | | | 48,329 | |
| Total SA | | | | 37,211 | | | | 1,661,055 | |
| Unibail-Rodamco SE (Paris Exchange) REIT | | | | 1,617 | | | | 263,542 | |
| Vallourec SA | | | | 961 | | | | 165,688 | |
| Veolia Environnement | | | | 6,165 | | | | 144,834 | |
| Vinci SA | | | | 7,674 | | | | 318,637 | |
| Vivendi SA | | | | 21,696 | | | | 440,908 | |
| | | | | | | | 14,319,965 |
| |
Germany—7.1% | | | |
| Adidas AG | | | | 3,706 | | | | 179,426 | |
| Allianz SE (Registered) | | | | 7,991 | | | | 790,896 | |
| BASF SE | | | | 16,174 | | | | 883,753 | |
| Bayer AG | | | | 14,562 | | | | 813,745 | |
| Bayerische Motoren Werke AG | | | | 5,826 | | | | 283,007 | |
| Beiersdorf AG | | | | 1,762 | | | | 97,228 | |
| Celesio AG | | | | 1,532 | | | | 33,406 | |
| Commerzbank AG | * | | | 12,321 | | | | 86,010 | |
| Continental AG | * | | | 835 | | | | 43,344 | |
| Daimler AG (Registered) | * | | | 15,884 | | | | 803,500 | |
| Deutsche Bank AG (Registered) | | | | 10,898 | | | | 612,132 | |
| Deutsche Boerse AG | | | | 3,431 | | | | 208,445 | |
| Deutsche Lufthansa AG (Registered) | * | | | 4,312 | | | | 59,611 | |
| Deutsche Post AG (Registered) | | | | 14,889 | | | | 217,084 | |
| Deutsche Postbank AG | * | | | 1,429 | | | | 41,420 | |
| Deutsche Telekom AG (Registered) | | | | 49,923 | | | | 589,369 | |
| E.ON AG | | | | 31,889 | | | | 857,438 | |
| Fraport AG Frankfurt Airport Services Worldwide | | | | 637 | | | | 27,091 | |
| Fresenius Medical Care AG & Co. KGaA | | | | 3,484 | | | | 187,978 | |
See accompanying notes to financial statements.
230
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| Fresenius SE | | | | 494 | | | $ | 32,748 | |
| GEA Group AG | | | | 2,680 | | | | 53,340 | |
| Hannover Rueckversicherung AG (Registered) | | | | 958 | | | | 41,056 | |
| HeidelbergCement AG | | | | 2,572 | | | | 121,554 | |
| Henkel AG & Co. KGaA | | | | 2,276 | | | | 93,152 | |
| Hochtief AG | | | | 816 | | | | 48,720 | |
| Infineon Technologies AG | * | | | 19,414 | | | | 112,551 | |
| K+S AG | | | | 2,571 | | | | 118,154 | |
| Linde AG | | | | 2,951 | | | | 310,297 | |
| MAN SE | | | | 1,879 | | | | 154,909 | |
| Merck KGaA | | | | 1,191 | | | | 87,089 | |
| Metro AG | | | | 2,266 | | | | 115,615 | |
| Muenchener Rueckversicherungs AG (Registered) | | | | 3,477 | | | | 436,582 | |
| Puma AG Rudolf Dassler Sport | | | | 91 | | | | 24,186 | |
| RWE AG | | | | 7,374 | | | | 482,524 | |
| Salzgitter AG | | | | 718 | | | | 42,788 | |
| SAP AG | | | | 15,114 | | | | 672,078 | |
| Siemens AG (Registered) | | | | 14,488 | | | | 1,295,803 | |
| Suedzucker AG | | | | 1,160 | | | | 20,958 | |
| ThyssenKrupp AG | | | | 6,088 | | | | 150,028 | |
| TUI AG | * | | | 2,403 | | | | 21,116 | |
| United Internet AG (Registered) | | | | 2,186 | | | | 23,937 | |
| Volkswagen AG | | | | 542 | | | | 45,981 | |
| Wacker Chemie AG | | | | 270 | | | | 39,110 | |
| | | | | | | | | | | | | | 11,359,159 | |
| |
Greece—0.2% | | | |
| Alpha Bank AE | * | | | 7,969 | | | | 38,948 | |
| Coca Cola Hellenic Bottling Co. SA | | | | 3,300 | | | | 70,723 | |
| EFG Eurobank Ergasias SA | * | | | 6,000 | | | | 26,644 | |
| Hellenic Telecommunications Organization SA | * | | | 4,058 | | | | 30,506 | |
| National Bank of Greece SA | * | | | 10,905 | | | | 117,419 | |
| OPAP SA | | | | 4,010 | | | | 49,893 | |
| Piraeus Bank SA | * | | | 5,071 | | | | 21,403 | |
| Public Power Corp. SA | | | | 2,009 | | | | 28,806 | |
| | | | | | | | | | | | | | 384,342 | |
| |
Guernsey, Channel Islands—0.0% | | | |
| Resolution Ltd. | | | | 42,547 | | | | 40,239 | |
| |
Hong Kong—2.4% | | | |
| ASM Pacific Technology Ltd. | | | | 3,500 | | | | 27,191 | |
| Bank of East Asia Ltd. | | | | 27,320 | | | | 98,559 | |
| BOC Hong Kong Holdings Ltd. | | | | 64,000 | | | | 145,758 | |
| Cathay Pacific Airways Ltd. | | | | 18,000 | | | | 35,599 | |
| Cheung Kong Holdings Ltd. | | | | 25,000 | | | | 288,520 | |
| Cheung Kong Infrastructure Holdings Ltd. | | | | 7,000 | | | | 25,930 | |
| CLP Holdings Ltd. | | | | 34,000 | | | | 246,095 | |
| Esprit Holdings Ltd. | | | | 21,108 | | | | 113,379 | |
| Hang Lung Group Ltd. | | | | 14,000 | | | | 75,448 | |
| Hang Lung Properties Ltd. | | | | 37,000 | | | | 141,523 | |
| Hang Seng Bank Ltd. | | | | 13,500 | | | | 180,499 | |
| Henderson Land Development Co. Ltd. | | | | 19,000 | | | | 111,284 | |
| Hong Kong & China Gas Co. Ltd. | | | | 77,660 | | | | 192,034 | |
| Hong Kong Exchanges and Clearing Ltd. | | | | 18,000 | | | | 280,737 | |
| Hongkong Electric Holdings Ltd. | | | | 24,000 | | | | 142,951 | |
| Hopewell Holdings Ltd. | | | | 11,000 | | | | 31,067 | |
| Hutchison Whampoa Ltd. | | | | 38,000 | | | | 233,855 | |
| Hysan Development Co. Ltd. | | | | 10,000 | | | | 28,269 | |
| Kerry Properties Ltd. | | | | 12,500 | | | | 54,012 | |
| Li & Fung Ltd. | | | | 39,600 | | | | 177,169 | |
| Lifestyle International Holdings Ltd. | | | | 11,000 | | | | 21,283 | |
| Link (The) REIT | | | | 38,000 | | | | 94,292 | |
| Mongolia Energy Co. Ltd. | * | | | 56,000 | | | | 19,483 | |
| MTR Corp. | | | | 24,000 | | | | 81,845 | |
| New World Development Ltd. | | | | 42,600 | | | | 69,159 | |
| Noble Group Ltd. | | | | 51,309 | | | | 62,016 | |
| NWS Holdings Ltd. | | | | 13,000 | | | | 23,497 | |
| Orient Overseas International Ltd. | * | | | 3,700 | | | | 26,449 | |
| PCCW Ltd. | | | | 54,000 | | | | 15,753 | |
| Shangri-La Asia Ltd. | | | | 22,000 | | | | 40,606 | |
| Sino Land Co. Ltd. | | | | 30,000 | | | | 53,614 | |
| Sun Hung Kai Properties Ltd. | | | | 25,000 | | | | 341,899 | |
| Swire Pacific Ltd., Class A | | | | 13,500 | | | | 153,242 | |
| Television Broadcasts Ltd. | | | | 5,000 | | | | 23,186 | |
| Wharf Holdings Ltd. | | | | 25,125 | | | | 121,720 | |
| Wheelock & Co. Ltd. | | | | 17,000 | | | | 47,925 | |
| Wing Hang Bank Ltd. | | | | 3,000 | | | | 29,290 | |
| Yue Yuen Industrial Holdings Ltd. | | | | 11,000 | | | | 34,142 | |
| | | | | | | | | | | | | | 3,889,280 | |
| |
Ireland—0.5% | | | |
| Anglo Irish Bank Corp. Ltd. | *‡δ | | | 11,206 | | | | — | |
| CRH plc (Dublin Exchange) | | | | 12,428 | | | | 257,797 | |
| Elan Corp. plc | * | | | 9,085 | | | | 41,238 | |
| Experian plc | | | | 18,705 | | | | 162,664 | |
| Governor & Co. of the Bank of Ireland (The) | * | | | 43,175 | | | | 34,785 | |
| James Hardie Industries SE CDI | * | | | 7,989 | | | | 41,370 | |
| Kerry Group plc, Class A | | | | 2,615 | | | | 72,647 | |
| Shire plc | | | | 9,910 | | | | 203,296 | |
| | | | | | | | | | | | | | 813,797 | |
| |
Israel—0.8% | | | |
| Bank Hapoalim BM | * | | | 16,553 | | | | 59,620 | |
| Bank Leumi Le-Israel BM | * | | | 19,689 | | | | 70,159 | |
| Bezeq Israeli Telecommunication Corp. Ltd. | | | | 28,885 | | | | 63,140 | |
| Cellcom Israel Ltd. | | | | 826 | | | | 20,572 | |
| Delek Group Ltd. | | | | 66 | | | | 13,678 | |
| Discount Investment Corp. | | | | 441 | | | | 6,976 | |
| Elbit Systems Ltd. | | | | 388 | | | | 19,694 | |
| Israel Chemicals Ltd. | | | | 7,401 | | | | 77,101 | |
| Israel Corp. Ltd. (The) | * | | | 39 | | | | 24,185 | |
| Israel Discount Bank Ltd., Class A | * | | | 9,008 | | | | 15,232 | |
| Makhteshim-Agan Industries Ltd. | | | | 3,995 | | | | 13,331 | |
| Mizrahi Tefahot Bank Ltd. | * | | | 2,045 | | | | 14,882 | |
| NICE Systems Ltd. | * | | | 1,032 | | | | 26,190 | |
| Ormat Industries | | | | 1,022 | | | | 7,561 | |
| Partner Communications Co. Ltd. | | | | 1,419 | | | | 21,781 | |
| Teva Pharmaceutical Industries Ltd. | | | | 16,363 | | | | 854,922 | |
| | | | | | | | | | | | | | 1,309,024 | |
|
See accompanying notes to financial statements.
231
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| |
Italy—2.7% | | | |
| A2A SpA | | | | 17,876 | | | $ | 24,403 | |
| Assicurazioni Generali SpA | † | | | 20,565 | | | | 358,597 | |
| Atlantia SpA | | | | 4,297 | | | | 76,155 | |
| Autogrill SpA | * | | | 1,506 | | | | 18,007 | |
| Banca Carige SpA | | | | 12,736 | | | | 24,879 | |
| Banca Monte dei Paschi di Siena SpA | * | | | 39,870 | | | | 45,113 | |
| Banca Popolare di Milano Scarl | | | | 6,574 | | | | 27,064 | |
| Banco Popolare SC | | | | 10,888 | | | | 59,693 | |
| Beni Stabili SpA | * | | | 2,502 | | | | 1,897 | |
| Enel SpA | | | | 115,922 | | | | 490,833 | |
| ENI SpA | | | | 45,843 | | | | 841,497 | |
| Exor SpA | | | | 1,270 | | | | 21,352 | |
| Fiat SpA | | | | 13,899 | | | | 142,765 | |
| Finmeccanica SpA | | | | 7,024 | | | | 72,814 | |
| Intesa Sanpaolo SpA | | | | 135,646 | | | | 357,251 | |
| Intesa Sanpaolo SpA RSP | | | | 17,138 | | | | 34,135 | |
| Luxottica Group SpA | | | | 1,959 | | | | 47,431 | |
| Mediaset SpA | | | | 13,265 | | | | 75,433 | |
| Mediobanca SpA | * | | | 8,107 | | | | 60,389 | |
| Mediolanum SpA | † | | | 3,095 | | | | 12,091 | |
| Parmalat SpA | | | | 30,797 | | | | 71,582 | |
| Pirelli & C. SpA | | | | 39,884 | | | | 21,964 | |
| Prysmian SpA | | | | 2,971 | | | | 42,640 | |
| Saipem SpA | | | | 4,586 | | | | 139,681 | |
| Snam Rete Gas SpA | | | | 26,020 | | | | 103,840 | |
| Telecom Italia SpA | | | | 165,848 | | | | 183,155 | |
| Telecom Italia SpA RSP | | | | 110,811 | | | | 101,222 | |
| Terna Rete Elettrica Nazionale SpA | | | | 23,458 | | | | 84,431 | |
| UniCredit SpA | | | | 273,043 | | | | 603,981 | |
| Unione di Banche Italiane ScpA | | | | 10,216 | | | | 87,961 | |
| | | | | | | | | | | | | | 4,232,256 | |
| | | | | | | | | | | | |
| |
Japan—22.7% | | | |
| 77 Bank Ltd. (The) | | | | 7,000 | | | | 37,600 | |
| ABC-Mart, Inc. | | | | 300 | | | | 11,769 | |
| Acom Co. Ltd. | | | | 750 | | | | 9,691 | |
| Advantest Corp. | | | | 2,800 | | | | 58,514 | |
| Aeon Co. Ltd. | | | | 11,100 | | | | 117,453 | |
| Aeon Credit Service Co. Ltd. | | | | 1,400 | | | | 12,469 | |
| Aeon Mall Co. Ltd. | | | | 1,400 | | | | 27,735 | |
| Air Water, Inc. | | | | 3,000 | | | | 32,755 | |
| Aisin Seiki Co. Ltd. | | | | 3,400 | | | | 91,537 | |
| Ajinomoto Co., Inc. | | | | 12,000 | | | | 108,566 | |
| Alfresa Holdings Corp. | | | | 700 | | | | 33,832 | |
| All Nippon Airways Co. Ltd. | * | | | 15,000 | | | | 47,547 | |
| Amada Co. Ltd. | | | | 7,000 | | | | 46,013 | |
| Aozora Bank Ltd. | | | | 11,000 | | | | 14,245 | |
| Asahi Breweries Ltd. | | | | 7,100 | | | | 120,281 | |
| Asahi Glass Co. Ltd. | | | | 18,000 | | | | 169,017 | |
| Asahi Kasei Corp. | | | | 23,000 | | | | 120,160 | |
| Asics Corp. | | | | 3,000 | | | | 27,468 | |
| Astellas Pharma, Inc. | | | | 8,075 | | | | 270,559 | |
| Bank of Kyoto Ltd. (The) | | | | 5,000 | | | | 41,162 | |
| Bank of Yokohama Ltd. (The) | | | | 21,000 | | | | 96,064 | |
| Benesse Holdings, Inc. | | | | 1,300 | | | | 59,180 | |
| Bridgestone Corp. | | | | 11,400 | | | | 180,259 | |
| Brother Industries Ltd. | | | | 3,800 | | | | 39,449 | |
| Canon Marketing Japan, Inc. | | | | 900 | | | | 12,667 | |
| Canon, Inc. | | | | 19,900 | | | | 741,662 | |
| Casio Computer Co. Ltd. | | | | 4,500 | | | | 27,028 | |
| Central Japan Railway Co. | | | | 27 | | | | 222,935 | |
| Chiba Bank Ltd. (The) | | | | 14,000 | | | | 84,519 | |
| Chiyoda Corp. | | | | 3,000 | | | | 21,786 | |
| Chubu Electric Power Co., Inc. | | | | 11,900 | | | | 295,315 | |
| Chugai Pharmaceutical Co. Ltd. | | | | 3,800 | | | | 67,639 | |
| Chugoku Bank Ltd. (The) | | | | 3,000 | | | | 35,350 | |
| Chugoku Electric Power Co., Inc. (The) | | | | 5,000 | | | | 102,982 | |
| Chuo Mitsui Trust Holdings, Inc. | | | | 15,000 | | | | 52,897 | |
| Citizen Holdings Co. Ltd. | | | | 4,700 | | | | 28,712 | |
| Coca-Cola West Holdings Co. Ltd. | | | | 1,200 | | | | 19,828 | |
| Cosmo Oil Co. Ltd. | | | | 12,000 | | | | 28,654 | |
| Credit Saison Co. Ltd. | | | | 3,100 | | | | 32,445 | |
| Dai Nippon Printing Co. Ltd. | | | | 10,000 | | | | 115,413 | |
| Daicel Chemical Industries Ltd. | | | | 5,000 | | | | 33,733 | |
| Daido Steel Co. Ltd. | | | | 4,000 | | | | 17,106 | |
| Daihatsu Motor Co. Ltd. | | | | 3,000 | | | | 27,922 | |
| Dai-ichi Life Insurance Co. Ltd. (The) | | | | 140 | | | | 194,130 | |
| Daiichi Sankyo Co. Ltd. | | | | 12,202 | | | | 218,000 | |
| Daikin Industries Ltd. | | | | 4,100 | | | | 125,010 | |
| Dainippon Sumitomo Pharma Co. Ltd. | | | | 3,000 | | | | 22,971 | |
| Daito Trust Construction Co. Ltd. | | | | 1,400 | | | | 79,280 | |
| Daiwa House Industry Co. Ltd. | | | | 9,000 | | | | 80,965 | |
| Daiwa Securities Group, Inc. | | | | 29,000 | | | | 122,437 | |
| Dena Co. Ltd. | | | | 1,500 | | | | 39,606 | |
| Denki Kagaku Kogyo K.K. | | | | 8,000 | | | | 37,237 | |
| Denso Corp. | | | | 8,600 | | | | 237,695 | |
| Dentsu, Inc. | | | | 2,800 | | | | 73,949 | |
| Dowa Holdings Co. Ltd. | | | | 5,000 | | | | 23,955 | |
| East Japan Railway Co. | | | | 6,000 | | | | 399,513 | |
| Eisai Co. Ltd. | | | | 4,400 | | | | 145,996 | |
| Electric Power Development Co. Ltd. | | | | 2,140 | | | | 67,878 | |
| Elpida Memory, Inc. | * | | | 3,300 | | | | 50,699 | |
| FamilyMart Co. Ltd. | | | | 900 | | | | 29,721 | |
| Fanuc Ltd. | | | | 3,400 | | | | 383,937 | |
| Fast Retailing Co. Ltd. | | | | 900 | | | | 136,183 | |
| Fuji Electric Holdings Co. Ltd. | | | | 10,000 | | | | 28,793 | |
| Fuji Heavy Industries Ltd. | * | | | 11,000 | | | | 58,928 | |
| FUJIFILM Holdings Corp. | | | | 8,300 | | | | 239,866 | |
| Fujitsu Ltd. | | | | 33,000 | | | | 206,277 | |
| Fukuoka Financial Group, Inc. | | | | 14,000 | | | | 58,277 | |
| Furukawa Electric Co. Ltd. | | | | 12,000 | | | | 52,354 | |
| GS Yuasa Corp. | | | | 6,000 | | | | 39,263 | |
| Gunma Bank Ltd. (The) | | | | 8,000 | | | | 42,423 | |
| Hachijuni Bank Ltd. (The) | | | | 8,000 | | | | 44,910 | |
| Hakuhodo DY Holdings, Inc. | | | | 320 | | | | 16,032 | |
| Hankyu Hanshin Holdings, Inc. | | | | 20,600 | | | | 90,906 | |
| Hino Motors Ltd. | | | | 5,000 | | | | 24,653 | |
| Hirose Electric Co. Ltd. | | | | 530 | | | | 48,539 | |
| Hiroshima Bank Ltd. (The) | | | | 10,000 | | | | 39,968 | |
| Hisamitsu Pharmaceutical Co., Inc. | † | | | 1,200 | | | | 47,599 | |
| Hitachi Chemical Co. Ltd. | | | | 1,700 | | | | 31,583 | |
| Hitachi Construction Machinery Co. Ltd. | | | | 1,800 | | | | 33,140 | |
| Hitachi High-Technologies Corp. | | | | 1,100 | | | | 20,208 | |
| Hitachi Ltd. | * | | | 78,000 | | | | 283,320 | |
| Hitachi Metals Ltd. | | | | 3,000 | | | | 30,372 | |
| Hokkaido Electric Power Co., Inc. | | | | 3,000 | | | | 64,626 | |
| Hokuhoku Financial Group, Inc. | | | | 23,000 | | | | 42,251 | |
See accompanying notes to financial statements.
232
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| Hokuriku Electric Power Co. | | | | 3,200 | | | $ | 70,174 | |
| Honda Motor Co. Ltd. | | | | 29,100 | | | | 854,750 | |
| HOYA Corp. | | | | 7,500 | | | | 159,583 | |
| Ibiden Co. Ltd. | | | | 2,200 | | | | 59,265 | |
| Idemitsu Kosan Co. Ltd. | | | | 400 | | | | 30,118 | |
| IHI Corp. | | | | 21,000 | | | | 33,418 | |
| INPEX Corp. | | | | 15 | | | | 83,198 | |
| Isetan Mitsukoshi Holdings Ltd. | | | | 5,940 | | | | 57,907 | |
| Isuzu Motors Ltd. | | | | 21,000 | | | | 63,105 | |
| Ito En Ltd. | | | | 1,300 | | | | 19,884 | |
| ITOCHU Corp. | | | | 27,000 | | | | 211,072 | |
| Itochu Techno-Solutions Corp. | | | | 600 | | | | 21,926 | |
| Iyo Bank Ltd. (The) | | | | 4,000 | | | | 37,198 | |
| J. Front Retailing Co. Ltd. | | | | 8,600 | | | | 41,390 | |
| Jafco Co. Ltd. | | | | 400 | | | | 8,849 | |
| Japan Petroleum Exploration Co. | | | | 500 | | | | 20,399 | |
| Japan Prime Realty Investment Corp. REIT | | | | 12 | | | | 25,278 | |
| Japan Real Estate Investment Corp. REIT | | | | 9 | | | | 73,310 | |
| Japan Retail Fund Investment Corp. REIT | | | | 24 | | | | 29,230 | |
| Japan Steel Works Ltd. (The) | | | | 6,000 | | | | 52,739 | |
| Japan Tobacco, Inc. | | | | 79 | | | | 245,777 | |
| JFE Holdings, Inc. | | | | 8,200 | | | | 253,683 | |
| JGC Corp. | | | | 4,000 | | | | 60,697 | |
| Joyo Bank Ltd. (The) | | | | 11,000 | | | | 43,614 | |
| JS Group Corp. | | | | 4,500 | | | | 85,895 | |
| JSR Corp. | | | | 3,000 | | | | 50,393 | |
| JTEKT Corp. | | | | 3,700 | | | | 34,218 | |
| Jupiter Telecommunications Co. Ltd. | | | | 47 | | | | 44,998 | |
| JX Holdings, Inc. | * | | | 39,610 | | | | 195,776 | |
| Kajima Corp. | | | | 14,000 | | | | 31,739 | |
| Kamigumi Co. Ltd. | | | | 5,000 | | | | 38,366 | |
| Kaneka Corp. | | | | 6,000 | | | | 34,807 | |
| Kansai Electric Power Co., Inc. (The) | | | | 13,400 | | | | 326,802 | |
| Kansai Paint Co. Ltd. | | | | 4,000 | | | | 34,336 | |
| Kao Corp. | | | | 9,500 | | | | 223,524 | |
| Kawasaki Heavy Industries Ltd. | | | | 25,000 | | | | 60,615 | |
| Kawasaki Kisen Kaisha Ltd. | * | | | 12,000 | | | | 48,796 | |
| KDDI Corp. | | | | 52 | | | | 247,868 | |
| Keihin Electric Express Railway Co. Ltd. | | | | 8,000 | | | | 70,704 | |
| Keio Corp. | | | | 11,000 | | | | 71,021 | |
| Keisei Electric Railway Co. Ltd. | | | | 4,000 | | | | 22,364 | |
| Keyence Corp. | | | | 793 | | | | 183,375 | |
| Kikkoman Corp. | | | | 3,000 | | | | 31,321 | |
| Kinden Corp. | | | | 2,000 | | | | 17,031 | |
| Kintetsu Corp. | † | | | 28,000 | | | | 85,439 | |
| Kirin Holdings Co. Ltd. | | | | 15,000 | | | | 188,844 | |
| Kobe Steel Ltd. | | | | 46,000 | | | | 87,623 | |
| Koito Manufacturing Co. Ltd. | | | | 2,000 | | | | 29,452 | |
| Komatsu Ltd. | | | | 16,700 | | | | 300,702 | |
| Konami Corp. | | | | 1,600 | | | | 24,676 | |
| Konica Minolta Holdings, Inc. | | | | 8,000 | | | | 76,962 | |
| Kubota Corp. | | | | 20,000 | | | | 153,406 | |
| Kuraray Co. Ltd. | | | | 6,100 | | | | 71,563 | |
| Kurita Water Industries Ltd. | | | | 2,100 | | | | 57,385 | |
| Kyocera Corp. | | | | 2,900 | | | | 234,773 | |
| Kyowa Hakko Kirin Co. Ltd. | | | | 5,000 | | | | 47,419 | |
| Kyushu Electric Power Co., Inc. | | | | 6,900 | | | | 154,751 | |
| Lawson, Inc. | | | | 1,100 | | | | 48,112 | |
| Mabuchi Motor Co. Ltd. | | | | 400 | | | | 18,263 | |
| Makita Corp. | | | | 2,100 | | | | 56,196 | |
| Marubeni Corp. | | | | 29,000 | | | | 148,666 | |
| Marui Group Co. Ltd. | | | | 4,000 | | | | 26,944 | |
| Maruichi Steel Tube Ltd. | | | | 500 | | | | 9,564 | |
| Matsui Securities Co. Ltd. | | | | 1,500 | | | | 9,159 | |
| Mazda Motor Corp. | | | | 28,000 | | | | 65,432 | |
| McDonald’s Holdings Co. Japan Ltd. | | | | 1,000 | | | | 22,392 | |
| Medipal Holdings Corp. | | | | 2,800 | | | | 33,256 | |
| MEIJI Holdings Co. Ltd. | | | | 1,102 | | | | 45,086 | |
| Minebea Co. Ltd. | | | | 6,000 | | | | 33,238 | |
| Mitsubishi Chemical Holdings Corp. | | | | 22,000 | | | | 100,418 | |
| Mitsubishi Corp. | | | | 23,800 | | | | 492,385 | |
| Mitsubishi Electric Corp. | | | | 34,000 | | | | 265,367 | |
| Mitsubishi Estate Co. Ltd. | | | | 21,000 | | | | 292,355 | |
| Mitsubishi Gas Chemical Co., Inc. | | | | 7,000 | | | | 33,941 | |
| Mitsubishi Heavy Industries Ltd. | | | | 54,000 | | | | 186,286 | |
| Mitsubishi Logistics Corp. | | | | 2,000 | | | | 22,289 | |
| Mitsubishi Materials Corp. | * | | | 18,000 | | | | 47,844 | |
| Mitsubishi Motors Corp. | * | | | 63,000 | | | | 79,693 | |
| Mitsubishi Tanabe Pharma Corp. | | | | 4,000 | | | | 60,944 | |
| Mitsubishi UFJ Financial Group, Inc. | | | | 224,740 | | | | 1,020,479 | |
| Mitsubishi UFJ Lease & Finance Co. Ltd. | † | | | 920 | | | | 31,034 | |
| Mitsui & Co. Ltd. | | | | 30,600 | | | | 356,973 | |
| Mitsui Chemicals, Inc. | | | | 15,000 | | | | 41,921 | |
| Mitsui Engineering & Shipbuilding Co. Ltd. | | | | 12,000 | | | | 24,237 | |
| Mitsui Fudosan Co. Ltd. | | | | 15,000 | | | | 208,777 | |
| Mitsui Mining & Smelting Co. Ltd. | | | | 11,000 | | | | 29,029 | |
| Mitsui OSK Lines Ltd. | | | | 21,000 | | | | 138,845 | |
| Mitsumi Electric Co. Ltd. | | | | 1,400 | | | | 23,750 | |
| Mizuho Financial Group, Inc. | | | | 240,900 | | | | 395,271 | |
| Mizuho Securities Co. Ltd. | | | | 9,000 | | | | 20,066 | |
| Mizuho Trust & Banking Co. Ltd. | * | | | 24,000 | | | | 20,638 | |
| MS&AD Insurance Group Holdings | | | | 9,574 | | | | 204,915 | |
| Murata Manufacturing Co. Ltd. | | | | 3,600 | | | | 171,677 | |
| Namco Bandai Holdings, Inc. | | | | 3,350 | | | | 29,457 | |
| NEC Corp. | | | | 47,000 | | | | 122,006 | |
| NGK Insulators Ltd. | | | | 5,000 | | | | 77,875 | |
| NGK Spark Plug Co. Ltd. | | | | 3,000 | | | | 37,244 | |
| NHK Spring Co. Ltd. | | | | 3,000 | | | | 27,441 | |
| Nidec Corp. | | | | 1,900 | | | | 159,063 | |
| Nikon Corp. | | | | 5,700 | | | | 98,233 | |
| Nintendo Co. Ltd. | | | | 1,800 | | | | 528,497 | |
| Nippon Building Fund, Inc. REIT | | | | 9 | | | | 71,411 | |
| Nippon Electric Glass Co. Ltd. | | | | 6,500 | | | | 74,455 | |
| Nippon Express Co. Ltd. | | | | 14,000 | | | | 63,085 | |
| Nippon Meat Packers, Inc. | | | | 3,000 | | | | 37,031 | |
| Nippon Paper Group, Inc. | | | | 1,500 | | | | 41,519 | |
| Nippon Sheet Glass Co. Ltd. | | | | 11,000 | | | | 26,911 | |
| Nippon Steel Corp. | | | | 90,000 | | | | 297,490 | |
| Nippon Telegraph & Telephone Corp. | | | | 9,200 | | | | 374,770 | |
| Nippon Yusen K.K. | | | | 26,000 | | | | 94,751 | |
| Nishi-Nippon City Bank Ltd. (The) | | | | 11,000 | | | | 31,503 | |
| Nissan Chemical Industries Ltd. | | | | 3,000 | | | | 33,525 | |
See accompanying notes to financial statements.
233
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| Nissan Motor Co. Ltd. | * | | | 43,800 | | | $ | 305,219 | |
| Nissha Printing Co. Ltd. | | | | 400 | | | | 10,687 | |
| Nisshin Seifun Group, Inc. | | | | 3,200 | | | | 36,132 | |
| Nisshin Steel Co. Ltd. | | | | 15,000 | | | | 23,850 | |
| Nisshinbo Industries, Inc. | | | | 2,000 | | | | 19,171 | |
| Nissin Foods Holdings Co. Ltd. | | | | 1,100 | | | | 40,379 | |
| Nitori Co. Ltd. | | | | 600 | | | | 51,719 | |
| Nitto Denko Corp. | | | | 2,800 | | | | 91,849 | |
| NKSJ Holdings, Inc. | * | | | 24,900 | | | | 148,980 | |
| NOK Corp. | | | | 2,000 | | | | 31,760 | |
| Nomura Holdings, Inc. | | | | 62,500 | | | | 341,468 | |
| Nomura Real Estate Holdings, Inc. | | | | 1,700 | | | | 21,276 | |
| Nomura Real Estate Office Fund, Inc. REIT | | | | 5 | | | | 24,892 | |
| Nomura Research Institute Ltd. | | | | 1,650 | | | | 35,029 | |
| NSK Ltd. | | | | 8,000 | | | | 55,561 | |
| NTN Corp. | | | | 9,000 | | | | 36,843 | |
| NTT Data Corp. | | | | 23 | | | | 84,897 | |
| NTT DoCoMo, Inc. | | | | 271 | | | | 410,373 | |
| NTT Urban Development Corp. | | | | 24 | | | | 19,067 | |
| Obayashi Corp. | | | | 11,000 | | | | 43,609 | |
| Obic Co. Ltd. | | | | 100 | | | | 19,303 | |
| Odakyu Electric Railway Co. Ltd. | | | | 11,000 | | | | 94,427 | |
| OJI Paper Co. Ltd. | | | | 15,000 | | | | 73,544 | |
| Olympus Corp. | | | | 4,000 | | | | 94,756 | |
| Omron Corp. | | | | 3,400 | | | | 74,118 | |
| Ono Pharmaceutical Co. Ltd. | | | | 1,500 | | | | 60,807 | |
| Oracle Corp. Japan | | | | 600 | | | | 29,484 | |
| Oriental Land Co. Ltd. | | | | 900 | | | | 75,215 | |
| ORIX Corp. | | | | 1,820 | | | | 131,850 | |
| Osaka Gas Co. Ltd. | | | | 35,000 | | | | 126,244 | |
| Otsuka Corp. | | | | 200 | | | | 12,746 | |
| Panasonic Corp. | | | | 35,000 | | | | 437,040 | |
| Panasonic Electric Works Co. Ltd. | | | | 7,000 | | | | 68,806 | |
| Rakuten, Inc. | | | | 122 | | | | 88,149 | |
| Resona Holdings, Inc. | | | | 10,600 | | | | 129,362 | |
| Ricoh Co. Ltd. | | | | 12,000 | | | | 153,018 | |
| Rinnai Corp. | | | | 600 | | | | 30,798 | |
| Rohm Co. Ltd. | | | | 1,700 | | | | 102,084 | |
| Sankyo Co. Ltd. | | | | 900 | | | | 40,681 | |
| Santen Pharmaceutical Co. Ltd. | | | | 1,400 | | | | 50,444 | |
| Sanyo Electric Co. Ltd. | * | | | 34,000 | | | | 43,746 | |
| Sapporo Hokuyo Holdings, Inc. | | | | 4,000 | | | | 17,644 | |
| Sapporo Holdings Ltd. | | | | 4,000 | | | | 17,195 | |
| SBI Holdings, Inc. | | | | 295 | | | | 36,648 | |
| Secom Co. Ltd. | | | | 3,700 | | | | 164,302 | |
| Sega Sammy Holdings, Inc. | | | | 3,548 | | | | 50,966 | |
| Seiko Epson Corp. | | | | 2,400 | | | | 31,018 | |
| Sekisui Chemical Co. Ltd. | | | | 8,000 | | | | 49,903 | |
| Sekisui House Ltd. | | | | 10,000 | | | | 85,525 | |
| Senshu Ikeda Holdings, Inc. | | | | 8,300 | | | | 12,086 | |
| Seven & I Holdings Co. Ltd. | | | | 13,540 | | | | 310,219 | |
| Seven Bank Ltd. | | | | 9 | | | | 16,335 | |
| Sharp Corp. | | | | 18,000 | | | | 189,875 | |
| Shikoku Electric Power Co., Inc. | | | | 3,200 | | | | 91,519 | |
| Shimadzu Corp. | | | | 4,000 | | | | 30,151 | |
| Shimamura Co. Ltd. | | | | 400 | | | | 36,167 | |
| Shimano, Inc. | | | | 1,200 | | | | 51,488 | |
| Shimizu Corp. | | | | 10,000 | | | | 34,176 | |
| Shin-Etsu Chemical Co. Ltd. | | | | 7,300 | | | | 339,415 | |
| Shinko Electric Industries Co. Ltd. | | | | 1,400 | | | | 18,193 | |
| Shinsei Bank Ltd. | * | | | 16,000 | | | | 13,526 | |
| Shionogi & Co. Ltd. | | | | 5,000 | | | | 103,659 | |
| Shiseido Co. Ltd. | | | | 6,000 | | | | 132,248 | |
| Shizuoka Bank Ltd. (The) | | | | 11,000 | | | | 95,866 | |
| Showa Denko K.K. | | | | 26,000 | | | | 46,957 | |
| Showa Shell Sekiyu K.K. | | | | 2,900 | | | | 19,996 | |
| SMC Corp. | | | | 1,000 | | | | 133,772 | |
| Softbank Corp. | | | | 14,200 | | | | 376,630 | |
| Sojitz Corp. | | | | 21,200 | | | | 33,132 | |
| Sony Corp. | | | | 17,700 | | | | 472,112 | |
| Sony Financial Holdings, Inc. | | | | 14 | | | | 46,701 | |
| Square Enix Holdings Co. Ltd. | | | | 1,000 | | | | 18,420 | |
| Stanley Electric Co. Ltd. | | | | 2,500 | | | | 41,401 | |
| Sumco Corp. | * | | | 1,900 | | | | 31,491 | |
| Sumitomo Chemical Co. Ltd. | | | | 27,000 | | | | 104,495 | |
| Sumitomo Corp. | | | | 19,900 | | | | 198,741 | |
| Sumitomo Electric Industries Ltd. | | | | 13,400 | | | | 156,163 | |
| Sumitomo Heavy Industries Ltd. | | | | 10,000 | | | | 58,675 | |
| Sumitomo Metal Industries Ltd. | | | | 61,000 | | | | 137,923 | |
| Sumitomo Metal Mining Co. Ltd. | | | | 9,000 | | | | 112,275 | |
| Sumitomo Mitsui Financial Group, Inc. | | | | 23,600 | | | | 667,936 | |
| Sumitomo Realty & Development Co. Ltd. | | | | 7,000 | | | | 118,944 | |
| Sumitomo Rubber Industries Ltd. | | | | 3,000 | | | | 26,460 | |
| Sumitomo Trust & Banking Co. Ltd. (The) | | | | 26,000 | | | | 132,370 | |
| Suruga Bank Ltd. | | | | 4,000 | | | | 36,303 | |
| Suzuken Co. Ltd. | | | | 1,260 | | | | 42,176 | |
| Suzuki Motor Corp. | | | | 5,800 | | | | 113,827 | |
| Sysmex Corp. | | | | 600 | | | | 34,076 | |
| T&D Holdings, Inc. | | | | 4,850 | | | | 103,705 | |
| Taiheiyo Cement Corp. | * | | | 15,000 | | | | 18,941 | |
| Taisei Corp. | | | | 16,000 | | | | 32,000 | |
| Taisho Pharmaceutical Co. Ltd. | | | | 2,300 | | | | 45,372 | |
| Taiyo Nippon Sanso Corp. | | | | 5,000 | | | | 39,705 | |
| Takashimaya Co. Ltd. | | | | 5,000 | | | | 39,856 | |
| Takeda Pharmaceutical Co. Ltd. | | | | 13,220 | | | | 567,834 | |
| TDK Corp. | | | | 2,100 | | | | 114,917 | |
| Teijin Ltd. | | | | 16,000 | | | | 47,503 | |
| Terumo Corp. | | | | 3,000 | | | | 143,669 | |
| THK Co. Ltd. | | | | 2,100 | | | | 43,447 | |
| Tobu Railway Co. Ltd. | † | �� | | 15,000 | | | | 80,793 | |
| Toho Co. Ltd. | | | | 1,800 | | | | 29,841 | |
| Toho Gas Co. Ltd. | † | | | 7,000 | | | | 37,339 | |
| Tohoku Electric Power Co., Inc. | | | | 7,600 | | | | 163,160 | |
| Tokio Marine Holdings, Inc. | | | | 12,800 | | | | 336,510 | |
| Tokuyama Corp. | | | | 6,000 | | | | 26,409 | |
| Tokyo Electric Power Co., Inc. (The) | | | | 21,500 | | | | 584,874 | |
| Tokyo Electron Ltd. | | | | 3,000 | | | | 161,602 | |
| Tokyo Gas Co. Ltd. | | | | 45,000 | | | | 205,431 | |
| Tokyo Steel Manufacturing Co. Ltd. | | | | 2,100 | | | | 24,277 | |
| Tokyo Tatemono Co. Ltd. | | | | 7,000 | | | | 21,572 | |
| Tokyu Corp. | | | | 21,000 | | | | 85,474 | |
| Tokyu Land Corp. | | | | 9,000 | | | | 31,461 | |
| TonenGeneral Sekiyu K.K. | | | | 5,000 | | | | 43,261 | |
| Toppan Printing Co. Ltd. | | | | 10,000 | | | | 79,076 | |
| Toray Industries, Inc. | | | | 23,000 | | | | 110,241 | |
| Toshiba Corp. | * | | | 71,000 | | | | 351,704 | |
See accompanying notes to financial statements.
234
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COMMON STOCKS—(Continued) |
| Tosoh Corp. | | | | 9,000 | | | $ | 23,298 | |
| TOTO Ltd. | | | | 5,000 | | | | 33,212 | |
| Toyo Seikan Kaisha Ltd. | | | | 2,500 | | | | 36,480 | |
| Toyo Suisan Kaisha Ltd. | | | | 2,000 | | | | 47,735 | |
| Toyoda Gosei Co. Ltd. | | | | 1,200 | | | | 29,761 | |
| Toyota Boshoku Corp. | | | | 1,400 | | | | 20,441 | |
| Toyota Industries Corp. | | | | 3,300 | | | | 83,741 | |
| Toyota Motor Corp. | | | | 48,900 | | | | 1,680,138 | |
| Toyota Tsusho Corp. | | | | 3,500 | | | | 49,888 | |
| Trend Micro, Inc. | | | | 1,800 | | | | 48,644 | |
| Tsumura & Co. | | | | 1,000 | | | | 30,618 | |
| Ube Industries Ltd. | | | | 19,000 | | | | 44,924 | |
| Unicharm Corp. | | | | 700 | | | | 78,936 | |
| UNY Co. Ltd. | | | | 3,000 | | | | 22,796 | |
| Ushio, Inc. | | | | 1,900 | | | | 29,271 | |
| USS Co. Ltd. | | | | 350 | | | | 25,002 | |
| West Japan Railway Co. | | | | 30 | | | | 109,706 | |
| Yahoo! Japan Corp. | | | | 271 | | | | 108,014 | |
| Yakult Honsha Co. Ltd. | | | | 1,900 | | | | 51,686 | |
| Yamada Denki Co. Ltd. | | | | 1,510 | | | | 98,663 | |
| Yamaguchi Financial Group, Inc. | | | | 4,000 | | | | 38,228 | |
| Yamaha Corp. | | | | 2,700 | | | | 27,570 | |
| Yamaha Motor Co. Ltd. | * | | | 4,500 | | | | 59,491 | |
| Yamato Holdings Co. Ltd. | | | | 7,000 | | | | 92,649 | |
| Yamato Kogyo Co. Ltd. | | | | 700 | | | | 17,448 | |
| Yamazaki Baking Co. Ltd. | | | | 2,000 | | | | 26,972 | |
| Yaskawa Electric Corp. | | | | 4,000 | | | | 29,673 | |
| Yokogawa Electric Corp. | | | | 4,300 | | | | 26,617 | |
| | | | | | | | | | | | | | 36,090,644 | |
| |
Luxembourg—0.5% | | | |
| ArcelorMittal | | | | 15,119 | | | | 405,519 | |
| Millicom International Cellular SA SDR | | | | 1,318 | | | | 106,944 | |
| SES SA, Class A FDR | | | | 5,215 | | | | 108,454 | |
| Tenaris SA | | | | 8,186 | | | | 141,190 | |
| | | | | | | | | | | | | | 762,107 | |
| |
Macau—0.1% | | | |
| Sands China Ltd. | * | | | 35,294 | | | | 52,164 | |
| Wynn Macau Ltd. | * | | | 27,256 | | | | 44,447 | |
| | | | | | | | | | | | | | 96,611 | |
| |
Malta—0.0% | | | |
| BGP Holdings plc | *‡δ | | | 142,647 | | | | — | |
| |
Mexico—0.0% | | | |
| Fresnillo plc | | | | 3,383 | | | | 49,114 | |
| |
Netherlands—4.4% | | | |
| Aegon NV | * | | | 27,557 | | | | 146,378 | |
| Akzo Nobel NV | | | | 4,164 | | | | 216,424 | |
| ASML Holding NV | | | | 7,753 | | | | 213,362 | |
| Corio NV REIT | | | | 946 | | | | 45,939 | |
| Delta Lloyd NV | | | | 1,244 | | | | 20,965 | |
| European Aeronautic Defence and Space Co. NV | * | | | 7,463 | | | | 152,304 | |
| Fugro NV CVA | | | | 1,178 | | | | 54,421 | |
| Heineken Holding NV | | | | 1,878 | | | | 68,608 | |
| Heineken NV | | | | 4,331 | | | | 183,579 | |
| ING Groep NV CVA | * | | | 67,260 | | | | 497,759 | |
| Koninklijke Ahold NV | | | | 20,999 | | | | 259,755 | |
| Koninklijke Boskalis Westminster NV | | | | 1,198 | | | | 46,547 | |
| Koninklijke DSM NV | | | | 2,684 | | | | 106,694 | |
| Koninklijke KPN NV | | | | 28,764 | | | | 366,641 | |
| Koninklijke Philips Electronics NV | | | | 17,127 | | | | 511,448 | |
| Koninklijke Vopak NV | | | | 1,170 | | | | 42,875 | |
| Qiagen NV | * | | | 4,093 | | | | 79,629 | |
| Randstad Holding NV | * | | | 1,746 | | | | 68,609 | |
| Reed Elsevier NV | | | | 12,525 | | | | 138,655 | |
| Royal Dutch Shell plc, Class A | | | | 62,430 | | | | 1,575,487 | |
| Royal Dutch Shell plc, Class B | | | | 47,468 | | | | 1,147,335 | |
| SBM Offshore NV | | | | 3,035 | | | | 43,419 | |
| TNT NV | | | | 6,442 | | | | 162,255 | |
| Unilever NV CVA | | | | 28,686 | | | | 783,392 | |
| Wolters Kluwer NV | | | | 4,949 | | | | 94,907 | |
| | | | | | | | | | | | | | 7,027,387 | |
| |
New Zealand—0.1% | | | |
| Auckland International Airport Ltd. | | | | 15,775 | | | | 20,168 | |
| Contact Energy Ltd. | * | | | 5,052 | | | | 19,652 | |
| Fletcher Building Ltd. | | | | 10,277 | | | | 54,996 | |
| Sky City Entertainment Group Ltd. | | | | 8,062 | | | | 15,707 | |
| Telecom Corp of New Zealand Ltd. | | | | 31,396 | | | | 40,431 | |
| | | | | | | | | | | | | | 150,954 | |
| |
Norway—0.6% | | | |
| Aker Solutions ASA | | | | 2,745 | | | | 31,386 | |
| DnB NOR ASA | | | | 17,098 | | | | 164,452 | |
| Norsk Hydro ASA | | | | 12,420 | | | | 56,087 | |
| Orkla ASA | | | | 13,374 | | | | 85,528 | |
| Renewable Energy Corp. ASA | * | | | 5,950 | | | | 14,069 | |
| Statoil ASA | | | | 19,669 | | | | 378,920 | |
| Telenor ASA | | | | 14,934 | | | | 188,128 | |
| Yara International ASA | | | | 3,275 | | | | 92,059 | |
| | | | | | | | | | | | | | 1,010,629 | |
| |
Portugal—0.3% | | | |
| Banco Comercial Portugues SA (Registered) | | | | 41,569 | | | | 31,214 | |
| Banco Espirito Santo SA (Registered) | | | | 9,862 | | | | 38,913 | |
| Brisa Auto-Estradas de Portugal SA | | | | 3,084 | | | | 18,665 | |
| Cimpor Cimentos de Portugal SGPS SA | | | | 4,428 | | | | 24,882 | |
| EDP - Energias de Portugal SA | | | | 31,876 | | | | 94,864 | |
| Galp Energia SGPS SA, Class B | | | | 3,992 | | | | 59,629 | |
| Jeronimo Martins SGPS SA | | | | 3,626 | | | | 33,222 | |
| Portugal Telecom SGPS SA (Registered) | | | | 10,443 | | | | 104,377 | |
| | | | | | | | | 405,766 | |
| |
Singapore—1.6% | | | |
| Ascendas Real Estate Investment Trust REIT | | | | 28,786 | | | | 37,175 | |
| CapitaLand Ltd. | | | | 46,500 | | | | 118,572 | |
| CapitaMall Trust REIT | | | | 41,000 | | | | 53,453 | |
| CapitaMalls Asia Ltd. | | | | 23,000 | | | | 34,388 | |
| City Developments Ltd. | | | | 9,000 | | | | 70,843 | |
| ComfortDelgro Corp. Ltd. | | | | 37,000 | | | | 38,372 | |
| Cosco Corp. Singapore Ltd. | | | | 18,000 | | | | 18,935 | |
| DBS Group Holdings Ltd. | | | | 30,500 | | | | 295,999 | |
| Fraser and Neave Ltd. | | | | 18,000 | | | | 65,821 | |
| Genting Singapore plc | * | | | 105,000 | | | | 86,846 | |
| Golden Agri-Resources Ltd. | | | | 119,320 | | | | 44,732 | |
| Jardine Cycle & Carriage Ltd. | | | | 2,000 | | | | 42,561 | |
See accompanying notes to financial statements.
235
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| Keppel Corp. Ltd. | | | | 22,000 | | | $ | 132,826 | |
| Keppel Land Ltd. | | | | 12,000 | | | | 33,114 | |
| K-Green Trust | * | | | 4,400 | | | | 3,302 | |
| Neptune Orient Lines Ltd. | * | | | 17,000 | | | | 24,012 | |
| Olam International Ltd. | | | | 19,600 | | | | 35,975 | |
| Oversea-Chinese Banking Corp. Ltd. | | | | 43,600 | | | | 274,554 | |
| SembCorp Industries Ltd. | | | | 15,340 | | | | 44,361 | |
| SembCorp Marine Ltd. | | | | 14,000 | | | | 38,258 | |
| Singapore Airlines Ltd. | | | | 9,400 | | | | 97,470 | |
| Singapore Exchange Ltd. | | | | 15,000 | | | | 78,664 | |
| Singapore Press Holdings Ltd. | | | | 27,500 | | | | 74,025 | |
| Singapore Technologies Engineering Ltd. | | | | 26,000 | | | | 60,781 | |
| Singapore Telecommunications Ltd. | | | | 140,159 | | | | 303,012 | |
| StarHub Ltd. | | | | 8,730 | | | | 14,036 | |
| United Overseas Bank Ltd. | | | | 22,000 | | | | 306,061 | |
| UOL Group Ltd. | | | | 8,000 | | | | 21,547 | |
| Wilmar International Ltd. | | | | 24,000 | | | | 98,197 | |
| | | | | | | | | 2,547,892 | |
| |
Spain—3.4% | | | |
| Abertis Infraestructuras SA | | | | 5,451 | | | | 78,352 | |
| Acciona SA | | | | 445 | | | | 33,867 | |
| Acerinox SA | | | | 1,819 | | | | 28,266 | |
| ACS Actividades de Construccion y Servicios SA | | | | 2,634 | | | | 96,797 | |
| Banco Bilbao Vizcaya Argentaria SA | | | | 62,697 | | | | 645,963 | |
| Banco de Sabadell SA | | | | 16,913 | | | | 76,587 | |
| Banco de Valencia SA | † | | | 3,273 | | | | 14,569 | |
| Banco Popular Espanol SA | | | | 15,396 | | | | 78,033 | |
| Banco Santander SA | | | | 144,787 | | | | 1,518,264 | |
| Bankinter SA | | | | 5,397 | | | | 32,882 | |
| Criteria Caixacorp SA | | | | 15,719 | | | | 64,282 | |
| EDP Renovaveis SA | * | | | 3,747 | | | | 22,067 | |
| Enagas | | | | 3,155 | | | | 47,524 | |
| Ferrovial SA | | | | 7,882 | | | | 50,980 | |
| Fomento de Construcciones y Contratas SA | | | | 687 | | | | 14,707 | |
| Gamesa Corp. Tecnologica SA | * | | | 3,097 | | | | 26,594 | |
| Gas Natural SDG SA | | | | 4,041 | | | | 58,397 | |
| Gestevision Telecinco SA | | | | 2,112 | | | | 18,769 | |
| Grifols SA | | | | 2,031 | | | | 20,760 | |
| Iberdrola Renovables SA | | | | 15,852 | | | | 49,749 | |
| Iberdrola SA | | | | 69,082 | | | | 388,279 | |
| Iberdrola SA, Temporary Shares | *‡ | | | 2,657 | | | | 14,934 | |
| Iberia Lineas Aereas de Espana SA | * | | | 9,947 | | | | 28,080 | |
| Inditex SA | | | | 3,851 | | | | 219,589 | |
| Indra Sistemas SA | | | | 1,576 | | | | 25,198 | |
| Mapfre SA | | | | 13,081 | | | | 35,570 | |
| Red Electrica Corp. SA | | | | 1,889 | | | | 67,636 | |
| Repsol YPF SA | | | | 13,138 | | | | 265,126 | |
| Telefonica SA | | | | 72,550 | | | | 1,343,966 | |
| Zardoya Otis SA | | | | 2,117 | | | | 27,198 | |
| | | | | | | | | 5,392,985 | |
| |
Sweden—2.8% | | | |
| Alfa Laval AB | † | | | 5,944 | | | | 77,191 | |
| Assa Abloy AB, Class B | | | | 5,445 | | | | 108,834 | |
| Atlas Copco AB, Class A | | | | 11,852 | | | | 173,284 | |
| Atlas Copco AB, Class B | | | | 6,758 | | | | 89,216 | |
| Boliden AB | | | | 4,569 | | | | 50,500 | |
| Electrolux AB, Series B | | | | 4,438 | | | | 101,456 | |
| Getinge AB, Class B | | | | 3,677 | | | | 71,161 | |
| Hennes & Mauritz AB, Class B | | | | 18,008 | | | | 494,903 | |
| Holmen AB, Class B | | | | 741 | | | | 17,591 | |
| Husqvarna AB, Class B | | | | 7,817 | | | | 47,007 | |
| Investor AB, Class B | | | | 7,869 | | | | 127,291 | |
| Kinnevik Investment AB, Class B | | | | 3,478 | | | | 55,683 | |
| Modern Times Group AB, Class B | | | | 842 | | | | 46,094 | |
| Nordea Bank AB | | | | 56,885 | | | | 469,083 | |
| Ratos AB, Class B | | | | 1,628 | | | | 40,787 | |
| Sandvik AB | | | | 17,832 | | | | 217,514 | |
| Scania AB, Class B | | | | 5,968 | | | | 91,095 | |
| Securitas AB, Class B | | | | 5,360 | | | | 48,586 | |
| Skandinaviska Enskilda Banken AB, Class A | | | | 25,092 | | | | 132,951 | |
| Skanska AB, Class B | | | | 7,363 | | | | 106,525 | |
| SKF AB, Class B | | | | 6,728 | | | | 120,749 | |
| SSAB AB, Class A | | | | 3,099 | | | | 41,607 | |
| SSAB AB, Class B | | | | 1,278 | | | | 15,340 | |
| Svenska Cellulosa AB, Class B | | | | 10,399 | | | | 122,306 | |
| Svenska Handelsbanken AB, Class A | | | | 8,639 | | | | 211,343 | |
| Swedbank AB, Class A | * | | | 12,305 | | | | 112,919 | |
| Swedish Match AB | | | | 4,238 | | | | 92,610 | |
| Tele2 AB, Class B | | | | 5,203 | | | | 77,735 | |
| Telefonaktiebolaget LM Ericsson, Class B | | | | 53,416 | | | | 592,502 | |
| TeliaSonera AB | | | | 39,544 | | | | 254,096 | |
| Volvo AB, Class B | * | | | 19,200 | | | | 212,329 | |
| | | | | | | | | 4,420,288 | |
| |
Switzerland—8.1% | | | |
| ABB Ltd. (Registered) | * | | | 38,867 | | | | 676,698 | |
| Actelion Ltd. (Registered) | * | | | 1,691 | | | | 63,314 | |
| Adecco SA (Registered) | | | | 2,140 | | | | 102,093 | |
| Aryzta AG | | | | 1,539 | | | | 59,212 | |
| Baloise Holding AG (Registered) | | | | 934 | | | | 65,012 | |
| Compagnie Financiere Richemont SA (A Bearer Shares) | | | | 9,194 | | | | 320,983 | |
| Credit Suisse Group AG (Registered) | | | | 19,817 | | | | 745,064 | |
| GAM Holding Ltd. | * | | | 3,736 | | | | 40,373 | |
| Geberit AG (Registered) | | | | 710 | | | | 110,473 | |
| Givaudan SA (Registered) | | | | 133 | | | | 112,961 | |
| Holcim Ltd. (Registered) | | | | 4,400 | | | | 294,544 | |
| Julius Baer Group Ltd. | | | | 3,656 | | | | 104,242 | |
| Kuehne + Nagel International AG (Registered) | | | | 1,003 | | | | 103,248 | |
| Lindt & Spruengli AG (Participation Certificates) | | | | 17 | | | | 36,886 | |
| Lindt & Spruengli AG (Registered) | † | | | 2 | | | | 49,011 | |
| Logitech International SA (Registered) | *† | | | 2,953 | | | | 39,973 | |
| Lonza Group AG (Registered) | | | | 854 | | | | 56,859 | |
| Nestle SA (Registered) | | | | 61,051 | | | | 2,943,808 | |
| Nobel Biocare Holding AG (Registered) | † | | | 2,035 | | | | 35,031 | |
| Novartis AG (Registered) | | | | 37,153 | | | | 1,800,551 | |
| Pargesa Holding SA (Bearer) | | | | 467 | | | | 30,623 | |
| Roche Holding AG (Genusschein) | | | | 12,370 | | | | 1,702,628 | |
| Schindler Holding AG (Participation Certificates) | | | | 842 | | | | 70,969 | |
| Schindler Holding AG (Registered) | | | | 317 | | | | 26,459 | |
See accompanying notes to financial statements.
236
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| SGS SA (Registered) | | | | 96 | | | $ | 129,567 | |
| Sika AG | | | | 34 | | | | 60,270 | |
| Sonova Holding AG (Registered) | | | | 783 | | | | 96,088 | |
| STMicroelectronics NV | | | | 11,906 | | | | 94,563 | |
| Straumann Holding AG (Registered) | | | | 152 | | | | 32,874 | |
| Swatch Group AG (The) (Bearer) | | | | 535 | | | | 150,883 | |
| Swatch Group AG (The) (Registered) | | | | 698 | | | | 35,670 | |
| Swiss Life Holding AG (Registered) | * | | | 529 | | | | 50,558 | |
| Swiss Reinsurance Co. Ltd. (Registered) | | | | 6,079 | | | | 249,775 | |
| Swisscom AG (Registered) | | | | 416 | | | | 141,032 | |
| Syngenta AG (Registered) | | | | 1,666 | | | | 384,873 | |
| UBS AG (Registered) | * | | | 63,550 | | | | 841,899 | |
| Xstrata plc | | | | 36,066 | | | | 472,272 | |
| Zurich Financial Services AG (Registered) | | | | 2,596 | | | | 572,194 | |
| | | | | | | | | 12,903,533 | |
| |
United Kingdom—18.2% | | | |
| 3i Group plc | | | | 18,002 | | | | 71,002 | |
| Admiral Group plc | | | | 3,417 | | | | 71,560 | |
| Aggreko plc | | | | 4,345 | | | | 91,214 | |
| AMEC plc | | | | 6,200 | | | | 75,958 | |
| Anglo American plc | * | | | 23,183 | | | | 807,816 | |
| Antofagasta plc | | | | 6,876 | | | | 80,000 | |
| ARM Holdings plc | | | | 21,908 | | | | 90,675 | |
| Associated British Foods plc | | | | 6,436 | | | | 93,204 | |
| AstraZeneca plc (London Exchange) | | | | 25,568 | | | | 1,205,425 | |
| Autonomy Corp. plc | * | | | 3,861 | | | | 105,245 | |
| Aviva plc | | | | 49,152 | | | | 228,419 | |
| BAE Systems plc | | | | 62,175 | | | | 289,376 | |
| Balfour Beatty plc | | | | 12,983 | | | | 46,176 | |
| Barclays plc | | | | 201,361 | | | | 803,733 | |
| BG Group plc | | | | 59,413 | | | | 883,640 | |
| BHP Billiton plc | | | | 38,862 | | | | 1,007,635 | |
| BP plc | | | | 330,417 | | | | 1,581,761 | |
| British Airways plc | * | | | 10,357 | | | | 30,090 | |
| British American Tobacco plc | | | | 35,158 | | | | 1,115,768 | |
| British Land Co. plc REIT | | | | 14,784 | | | | 95,496 | |
| British Sky Broadcasting Group plc | | | | 20,764 | | | | 216,813 | |
| BT Group plc, Class A | | | | 136,257 | | | | 263,016 | |
| Bunzl plc | | | | 6,330 | | | | 63,387 | |
| Burberry Group plc | | | | 8,125 | | | | 91,761 | |
| Cable & Wireless Worldwide plc | | | | 45,569 | | | | 58,961 | |
| Cairn Energy plc | * | | | 25,400 | | | | 156,043 | |
| Capita Group plc (The) | | | | 10,792 | | | | 118,898 | |
| Capital Shopping Centres Group plc REIT | | | | 9,366 | | | | 43,270 | |
| Carnival plc | | | | 2,917 | | | | 94,486 | |
| Centrica plc | | | | 90,398 | | | | 398,928 | |
| Cobham plc | | | | 19,426 | | | | 61,540 | |
| Compass Group plc | | | | 33,569 | | | | 255,376 | |
| Diageo plc | | | | 44,096 | | | | 692,656 | |
| Eurasian Natural Resources Corp. plc | | | | 4,297 | | | | 54,679 | |
| Firstgroup plc | | | | 8,231 | | | | 44,679 | |
| G4S plc | | | | 23,489 | | | | 93,128 | |
| GlaxoSmithKline plc | | | | 91,403 | | | | 1,552,102 | |
| Hammerson plc REIT | | | | 11,851 | | | | 60,413 | |
| Home Retail Group plc | | | | 15,769 | | | | 50,074 | |
| HSBC Holdings plc (London Exchange) | | | | 306,604 | | | | 2,801,044 | |
| ICAP plc | | | | 8,924 | | | | 53,488 | |
| Imperial Tobacco Group plc | | | | 17,929 | | | | 500,949 | |
| Inmarsat plc | | | | 7,983 | | | | 84,644 | |
| Intercontinental Hotels Group plc | | | | 4,710 | | | | 74,230 | |
| International Power plc | | | | 28,027 | | | | 125,196 | |
| Invensys plc | | | | 15,349 | | | | 54,949 | |
| Investec plc | | | | 7,041 | | | | 47,379 | |
| ITV plc | * | | | 61,708 | | | | 46,115 | |
| J. Sainsbury plc | | | | 21,858 | | | | 104,290 | |
| Johnson Matthey plc | | | | 3,984 | | | | 88,512 | |
| Kazakhmys plc | | | | 3,673 | | | | 53,916 | |
| Kingfisher plc | | | | 40,831 | | | | 127,906 | |
| Land Securities Group plc REIT | | | | 13,086 | | | | 108,297 | |
| Legal & General Group plc | | | | 101,525 | | | | 118,332 | |
| Lloyds Banking Group plc | * | | | 704,684 | | | | 556,325 | |
| London Stock Exchange Group plc | | | | 2,311 | | | | 19,295 | |
| Lonmin plc | * | | | 2,625 | | | | 54,811 | |
| Man Group plc | | | | 29,579 | | | | 98,052 | |
| Marks & Spencer Group plc | | | | 28,835 | | | | 142,053 | |
| National Grid plc | | | | 61,002 | | | | 445,374 | |
| Next plc | | | | 3,435 | | | | 102,413 | |
| Old Mutual plc | | | | 91,265 | | | | 139,731 | |
| Pearson plc | | | | 14,311 | | | | 188,215 | |
| Petrofac Ltd. | | | | 4,520 | | | | 79,520 | |
| Prudential plc | | | | 45,205 | | | | 340,964 | |
| Randgold Resources Ltd. | | | | 1,649 | | | | 156,767 | |
| Reckitt Benckiser Group plc | | | | 10,862 | | | | 505,239 | |
| Reed Elsevier plc | | | | 22,119 | | | | 164,008 | |
| Rexam plc | | | | 15,419 | | | | 69,363 | |
| Rio Tinto plc | | | | 25,418 | | | | 1,116,216 | |
| Rolls-Royce Group plc | * | | | 32,652 | | | | 272,539 | |
| Rolls-Royce Group plc, Class C | *‡ | | | 2,938,680 | | | | 4,391 | |
| Royal Bank of Scotland Group plc | * | | | 298,382 | | | | 181,721 | |
| RSA Insurance Group plc | | | | 57,738 | | | | 102,427 | |
| SABMiller plc | | | | 16,885 | | | | 473,464 | |
| Sage Group plc (The) | | | | 23,751 | | | | 81,718 | |
| Schroders plc | | | | 1,968 | | | | 35,420 | |
| Scottish & Southern Energy plc | | | | 16,181 | | | | 269,478 | |
| Segro plc REIT | | | | 12,863 | | | | 48,499 | |
| Serco Group plc | | | | 8,075 | | | | 70,519 | |
| Severn Trent plc | | | | 4,129 | | | | 75,781 | |
| Smith & Nephew plc | | | | 15,739 | | | | 148,695 | |
| Smiths Group plc | | | | 7,181 | | | | 114,328 | |
| Standard Chartered plc (London Exchange) | | | | 35,638 | | | | 867,800 | |
| Standard Life plc | | | | 40,542 | | | | 104,769 | |
| Tesco plc | | | | 140,521 | | | | 792,737 | |
| Thomas Cook Group plc | | | | 14,091 | | | | 37,297 | |
| Tomkins plc | | | | 16,385 | | | | 55,032 | |
| TUI Travel plc | | | | 9,107 | | | | 28,334 | |
| Tullow Oil plc | | | | 15,483 | | | | 230,314 | |
| Unilever plc | | | | 22,603 | | | | 604,224 | |
| United Utilities Group plc | | | | 12,299 | | | | 96,244 | |
| Vedanta Resources plc | | | | 2,170 | | | | 68,180 | |
| Vodafone Group plc | | | | 926,387 | | | | 1,908,813 | |
| Whitbread plc | | | | 3,280 | | | | 68,496 | |
| Wm Morrison Supermarkets plc | | | | 38,357 | | | | 151,569 | |
| Wolseley plc | * | | | 4,923 | | | | 97,721 | |
| WPP plc | | | | 22,123 | | | | 208,409 | |
| | | | | | | | | 28,910,915 | |
See accompanying notes to financial statements.
237
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
|
|
|
| Shares
|
| Value
|
|
|---|
| |
COMMON STOCKS—(Continued) |
| |
United States—0.1% | | | |
| Synthes, Inc. | | | | 1,090 | | | $ | 125,329 | |
| |
TOTAL COMMON STOCKS |
| (Cost $196,068,379) | | | | | | 153,940,204 | |
| |
| |
PREFERRED STOCKS—0.4% |
| |
Germany—0.4% | | | |
| Bayerische Motoren Werke AG | | | | 922 | | | | 32,257 | |
| Fresenius SE | | | | 1,495 | | | | 98,748 | |
| Henkel AG & Co. KGaA | | | | 3,090 | | | | 150,887 | |
| Porsche Automobil Holding SE | | | | 1,500 | | | | 64,129 | |
| RWE AG | | | | 720 | | | | 43,348 | |
| Volkswagen AG | | | | 3,024 | | | | 265,358 | |
| |
TOTAL PREFERRED STOCKS |
| (Cost $749,424) | | | | | | 654,727 | |
| |
Coupon
Rate
|
|
|
| Maturity
Date
|
|
|
| Face
|
| Value
|
|
|---|
| |
U.S. TREASURY OBLIGATIONS—0.2% |
| |
U.S. Treasury Bills—0.2% |
| U.S. Treasury Bill |
| 0.098% | | | | 09/09/2010 | | | | | | | | | | |
| (Cost $324,938) | ‡‡ | | $ | 325,000 | | | | 324,908 | |
| |
|
|
|
|
|
|
|
|
Shares
|
| Value
|
|
|---|
| |
WARRANTS—0.0% |
| |
Hong Kong—0.0% |
| Henderson Land Development Co. Ltd., Expires 06/01/2011, Strike HKD 58.00 | * | | | | | | | | |
| (Cost $—) | | | | 3,800 | | | | 644 | |
| |
| |
CASH EQUIVALENTS—2.4% |
| |
Institutional Money Market Funds—2.4% |
| Dreyfus Institutional Cash Advantage Fund | †† | | | 125,000 | | | | 125,000 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | | | | 3,116,747 | | | | 3,116,747 | |
| Fidelity Institutional Money Market: Money Market Portfolio—Institutional Class | †† | | | 92,137 | | | | 92,137 | |
| Fidelity Institutional Money Market: Prime Money Market Portfolio— Institutional Class | †† | | | 125,000 | | | | 125,000 | |
| Short-Term Investments Trust Liquid Assets Portfolio | †† | | | 125,000 | | | | 125,000 | |
| Wells Fargo Advantage Cash Investment Money Market Fund—Select Class | †† | | | 125,000 | | | | 125,000 | |
| Wells Fargo Advantage Heritage Money Market Fund—Select Class | †† | | | 125,000 | | | | 125,000 | |
| |
TOTAL CASH EQUIVALENTS |
| (Cost $3,833,884) | | | | | | 3,833,884 | |
| |
TOTAL INVESTMENTS—99.7% | | | |
| (Cost $200,976,625) | | 158,754,367 | |
| Other assets less liabilities—0.3% | | 538,526 | |
| |
NET ASSETS—100.0% | $ | 159,292,893 | |
| | | |
Notes to the Schedule of Investments: |
| CDI | | Chess Depository Interest |
| CVA | | Dutch Certificate of Shares |
| FDR | | Fiduciary Depositary Receipt |
| HKD | | Hong Kong Dollar |
| REIT | | Real Estate Investment Trust |
| RSP | | Risparmio (Italian Savings Shares) |
| SDR | | Swedish Depository Receipt |
| STRIPs | | Separately Traded Receipt of Interest and Principal Security |
| VVPR | | Verlaagde Vooheffing Precompte Reduit (Belgian dividend coupon) |
| * | | Non-income producing. |
| † | | Denotes all or a portion of the security on loan. |
| δ | | Security has no market value at June 30, 2010. |
| ‡ | | Security valued at fair value as determined by policies approved by the Board of Directors. |
| ‡‡ | | Security or a portion of the security has been pledged as collateral for futures contracts and/or options contracts. |
| †† | | Represents reinvestment of collateral received in conjunction with securities lending. |
See accompanying notes to financial statements.
238
SCHEDULE OF INVESTMENTS—(Continued)
June 30, 2010 (Unaudited)
Vantagepoint Overseas
Equity Index Fund
Percentage of Portfolio by Industry:
COMMON STOCKS |
| Commercial Banks | | 13.1 | % |
| Pharmaceuticals | | 7.4 | % |
| Oil, Gas & Consumable Fuels | | 6.4 | % |
| Metals & Mining | | 5.5 | % |
| Insurance | | 4.2 | % |
| Food Products | | 3.7 | % |
| Diversified Telecommunication Services | | 3.5 | % |
| Electric Utilities | | 3.2 | % |
| Chemicals | | 3.1 | % |
| Automobiles | | 3.0 | % |
| Food & Staples Retailing | | 2.4 | % |
| Machinery | | 2.4 | % |
| Capital Markets | | 2.2 | % |
| Beverages | | 2.0 | % |
| Wireless Telecommunication Services | | 2.0 | % |
| Real Estate Management & Development | | 1.8 | % |
| Industrial Conglomerates | | 1.7 | % |
| Multi-Utilities | | 1.5 | % |
| Media | | 1.5 | % |
| Electrical Equipment | | 1.5 | % |
| Real Estate Investment Trusts (REITs) | | 1.3 | % |
| Tobacco | | 1.2 | % |
| Electronic Equipment, Instruments & Components | | 1.2 | % |
| Trading Companies & Distributors | | 1.1 | % |
| Diversified Financial Services | | 1.0 | % |
| Textiles, Apparel & Luxury Goods | | 1.0 | % |
| Software | | 1.0 | % |
| Road & Rail | | 1.0 | % |
| Household Durables | | 0.9 | % |
| Hotels, Restaurants & Leisure | | 0.9 | % |
| Specialty Retail | | 0.8 | % |
| Communications Equipment | | 0.8 | % |
| Construction & Engineering | | 0.8 | % |
| Health Care Equipment & Supplies | | 0.7 | % |
| Auto Components | | 0.7 | % |
| Construction Materials | | 0.7 | % |
| Aerospace & Defense | | 0.7 | % |
| Office Electronics | | 0.7 | % |
| Semiconductors & Semiconductor Equipment | | 0.6 | % |
| Building Products | | 0.6 | % |
| Personal Products | | 0.5 | % |
| Energy Equipment & Services | | 0.5 | % |
| Commercial Services & Supplies | | 0.5 | % |
| Gas Utilities | | 0.5 | % |
| Computers & Peripherals | | 0.5 | % |
| Marine | | 0.4 | % |
| Household Products | | 0.4 | % |
| Professional Services | | 0.4 | % |
| Multiline Retail | | 0.4 | % |
| Transportation Infrastructure | | 0.3 | % |
| Air Freight & Logistics | | 0.3 | % |
| Paper & Forest Products | | 0.3 | % |
| IT Services | | 0.3 | % |
| Health Care Providers & Services | | 0.2 | % |
| Airlines | | 0.2 | % |
| Biotechnology | | 0.2 | % |
| Leisure Equipment & Products | | 0.2 | % |
| Independent Power Producers & Energy Traders | | 0.2 | % |
| Distributors | | 0.1 | % |
| Containers & Packaging | | 0.1 | % |
| Consumer Finance | | 0.1 | % |
| Internet & Catalog Retail | | 0.1 | % |
| Life Sciences Tools & Services | | 0.1 | % |
| Internet Software & Services | | 0.1 | % |
| Water Utilities | | 0.0 | % |
| Diversified Consumer Services | | 0.0 | % |
| | | 96.7 | % |
| |
PREFERRED STOCKS |
| Automobiles | | 0.2 | % |
| Household Products | | 0.1 | % |
| Health Care Equipment & Supplies | | 0.1 | % |
| Multi-Utilities | | 0.0 | % |
| | | 0.4 | % |
| |
WARRANTS |
| Real Estate Management & Development | | 0.0 | % |
| |
TOTAL COMMON STOCKS/PREFERRED STOCKS/WARRANTS | | 97.1 | % |
| |
U.S. TREASURY OBLIGATIONS |
| U.S. Treasury Bills | | 0.2 | % |
| |
CASH EQUIVALENTS |
| Institutional Money Market Funds | | 2.4 | % |
| |
TOTAL U.S. TREASURY OBLIGATIONS/CASH EQUIVALENTS | | 2.6 | % |
| |
TOTAL INVESTMENTS | | 99.7 | % |
| Other assets less liabilities | | 0.3 | % |
| |
TOTAL NET ASSETS | | 100.0 | % |
See accompanying notes to financial statements.
239
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Model
Portfolio Savings
Oriented Fund
|
|
|
| Shares
|
|
|
| Value
|
|
|---|
| |
AFFILIATED MUTUAL FUNDS—100.0% |
| Vantagepoint Core Bond Index Fund Class I | | | | | 2,844,884 | | | | | | | $ | 29,017,821 | |
| Vantagepoint Diversifying Strategies Fund | | | | | 6,417,733 | | | | | | | | 63,086,313 | |
| Vantagepoint Equity Income Fund | | | | | 4,001,556 | | | | | | | | 29,051,297 | |
| Vantagepoint Growth & Income Fund | | | | | 3,664,856 | | | | | | | | 29,098,957 | |
| Vantagepoint Inflation Protected Securities Fund | | | | | 4,370,841 | | | | | | | | 48,297,799 | |
| Vantagepoint International Fund | | | | | 1,916,905 | | | | | | | | 14,779,334 | |
| Vantagepoint Low Duration Bond Fund | | | | | 9,830,038 | | | | | | | | 98,595,278 | |
| | | | | | | | | | | | | | 311,926,799 | |
| |
TOTAL INVESTMENTS—100.0% | | | | | | | |
| (Cost $317,728,799) | | | | | | | | | | | | | 311,926,799 | |
| Other assets less liabilities—(0.0%) | | | | | | (60,943 | ) |
| |
NET ASSETS—100.0% | | | | | $ | 311,865,856 | |
See accompanying notes to financial statements.
240
SCHEDULE OF INVESTMENTS
June 30, 2010 (Unaudited)
Vantagepoint Model
Portfolio Conservative
Growth Fund
