UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-5251
Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
Date of fiscal year end: | February 28 |
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Date of reporting period: | February 28, 2013 |
Item 1. Reports to Stockholders
Spartan®
500 Index
Fund -
Investor Class
Fidelity Advantage® Class
Annual Report
February 28, 2013
(Fidelity Cover Art)
Contents
Performance | How the fund has done over time. | |
Management's Discussion of Fund Performance | The Portfolio Manager's review of fund performance and strategy. | |
Shareholder Expense Example | An example of shareholder expenses. | |
Investment Changes | A summary of major shifts in the fund's investments over the past six months. | |
Investments | A complete list of the fund's investments with their market values. | |
Financial Statements | Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights. | |
Notes | Notes to the financial statements. | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2013 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the fund nor Fidelity Distributors Corporation is a bank.
Annual Report
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Investor Class | 13.36% | 4.89% | 8.16% |
Fidelity Advantage® Class A | 13.39% | 4.92% | 8.19% |
A The initial offering of Fidelity Advantage® Class took place on October 14, 2005. Returns prior to October 14, 2005, are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan® 500 Index Fund - Investor Class on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.
Annual Report
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® 500 Index Fund: For the year, the fund's Investor Class and Fidelity Advantage® Class shares gained 13.36% and 13.39%, respectively, in line with the S&P 500® Index. Amid a strong backdrop for equities, all 10 sectors in the index generated positive performance. The fund's leading individual contributor in absolute terms was pharmaceutical maker Pfizer. Industrial conglomerate General Electric and Internet search leader Google both added value, as did several financials positions - insurance-focused conglomerate Berkshire Hathaway and global financial institutions JPMorgan Chase and Bank of America. Telecommunication services provider AT&T also helped. By far, the biggest individual detractor was personal electronics and computer manufacturer Apple, whose negative impact was magnified by the company's large representation in the benchmark. Several other notable technology stocks held back results, including microprocessor company Intel and software manufacturer Microsoft. In the energy sector, Occidental Petroleum and Apache saw their shares return -19% and roughly -31%, respectively, while Caterpillar, a manufacturer of construction equipment and other heavy machinery, further hampered results as well.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Annual Report
Shareholder Expense Example - continued
| Annualized | Beginning | Ending | Expenses Paid |
Investor Class | .095% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,088.90 | $ .49 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.32 | $ .48 |
Fidelity Advantage Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.30 | $ .31 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Institutional Class | .040% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.20 | $ .21 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.60 | $ .20 |
Fidelity Advantage Institutional Class | .020% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.50 | $ .10 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.70 | $ .10 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Annual Report
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 3.0 | 4.8 |
Exxon Mobil Corp. | 3.0 | 3.2 |
General Electric Co. | 1.8 | 1.7 |
Chevron Corp. | 1.7 | 1.7 |
IBM Corp. | 1.6 | 1.7 |
Google, Inc. Class A | 1.6 | 1.4 |
Johnson & Johnson | 1.5 | 1.4 |
Microsoft Corp. | 1.5 | 1.8 |
Procter & Gamble Co. | 1.5 | 1.4 |
AT&T, Inc. | 1.5 | 1.7 |
| 18.7 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Information Technology | 18.0 | 20.0 |
Financials | 15.7 | 14.2 |
Health Care | 12.1 | 11.7 |
Consumer Discretionary | 11.3 | 10.9 |
Energy | 11.0 | 11.1 |
Consumer Staples | 10.7 | 11.0 |
Industrials | 10.2 | 10.0 |
Materials | 3.4 | 3.3 |
Utilities | 3.4 | 3.5 |
Telecommunication Services | 3.0 | 3.2 |
Annual Report
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - 11.3% | |||
Auto Components - 0.3% | |||
BorgWarner, Inc. (a)(d) | 455,394 | $ 33,886 | |
Delphi Automotive PLC | 1,149,118 | 48,091 | |
Johnson Controls, Inc. | 2,660,675 | 83,731 | |
The Goodyear Tire & Rubber Co. (a) | 953,158 | 12,372 | |
| 178,080 | ||
Automobiles - 0.4% | |||
Ford Motor Co. | 14,835,160 | 187,071 | |
Harley-Davidson, Inc. | 880,376 | 46,334 | |
| 233,405 | ||
Distributors - 0.1% | |||
Genuine Parts Co. | 603,617 | 42,875 | |
Diversified Consumer Services - 0.1% | |||
Apollo Group, Inc. Class A (non-vtg.) (a)(d) | 389,270 | 6,567 | |
H&R Block, Inc. (d) | 1,055,608 | 26,242 | |
| 32,809 | ||
Hotels, Restaurants & Leisure - 1.8% | |||
Carnival Corp. unit | 1,734,866 | 62,056 | |
Chipotle Mexican Grill, Inc. (a)(d) | 122,551 | 38,823 | |
Darden Restaurants, Inc. (d) | 500,413 | 23,154 | |
International Game Technology | 1,035,401 | 16,504 | |
Marriott International, Inc. Class A | 957,663 | 37,780 | |
McDonald's Corp. | 3,906,500 | 374,633 | |
Starbucks Corp. | 2,893,365 | 158,614 | |
Starwood Hotels & Resorts Worldwide, Inc. (d) | 762,551 | 46,005 | |
Wyndham Worldwide Corp. | 545,782 | 32,878 | |
Wynn Resorts Ltd. (d) | 309,179 | 36,143 | |
Yum! Brands, Inc. (d) | 1,757,999 | 115,114 | |
| 941,704 | ||
Household Durables - 0.3% | |||
D.R. Horton, Inc. (d) | 1,086,532 | 24,230 | |
Garmin Ltd. (d) | 424,834 | 14,589 | |
Harman International Industries, Inc. | 263,936 | 11,204 | |
Leggett & Platt, Inc. (d) | 549,724 | 16,811 | |
Lennar Corp. Class A (d) | 638,752 | 24,649 | |
Newell Rubbermaid, Inc. | 1,119,060 | 26,119 | |
PulteGroup, Inc. (a)(d) | 1,322,792 | 25,371 | |
Whirlpool Corp. | 302,932 | 34,216 | |
| 177,189 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Internet & Catalog Retail - 1.1% | |||
Amazon.com, Inc. (a) | 1,409,980 | $ 372,615 | |
Expedia, Inc. | 362,095 | 23,116 | |
Netflix, Inc. (a)(d) | 216,131 | 40,650 | |
priceline.com, Inc. (a) | 194,026 | 133,408 | |
TripAdvisor, Inc. (a)(d) | 426,475 | 19,388 | |
| 589,177 | ||
Leisure Equipment & Products - 0.1% | |||
Hasbro, Inc. (d) | 449,938 | 18,007 | |
Mattel, Inc. (d) | 1,335,138 | 54,407 | |
| 72,414 | ||
Media - 3.4% | |||
Cablevision Systems Corp. - NY Group Class A | 839,618 | 11,746 | |
CBS Corp. Class B | 2,299,248 | 99,764 | |
Comcast Corp. Class A | 10,339,476 | 411,408 | |
DIRECTV (a) | 2,350,704 | 113,233 | |
Discovery Communications, Inc. (a)(d) | 929,399 | 68,153 | |
Gannett Co., Inc. | 894,106 | 17,945 | |
Interpublic Group of Companies, Inc. | 1,678,542 | 21,452 | |
News Corp. Class A | 7,845,463 | 225,949 | |
Omnicom Group, Inc. | 1,027,935 | 59,137 | |
Scripps Networks Interactive, Inc. Class A | 338,187 | 21,323 | |
The Walt Disney Co. (d) | 6,895,370 | 376,418 | |
Time Warner Cable, Inc. | 1,174,209 | 101,440 | |
Time Warner, Inc. | 3,684,248 | 195,891 | |
Viacom, Inc. Class B (non-vtg.) | 1,797,664 | 105,091 | |
Washington Post Co. Class B (d) | 17,512 | 6,979 | |
| 1,835,929 | ||
Multiline Retail - 0.8% | |||
Dollar General Corp. (a) | 1,021,755 | 47,348 | |
Dollar Tree, Inc. (a) | 884,064 | 39,946 | |
Family Dollar Stores, Inc. | 372,699 | 21,449 | |
J.C. Penney Co., Inc. (d) | 554,506 | 9,743 | |
Kohl's Corp. (d) | 823,375 | 37,958 | |
Macy's, Inc. | 1,538,028 | 63,213 | |
Nordstrom, Inc. (d) | 591,714 | 32,083 | |
Target Corp. (d) | 2,532,254 | 159,431 | |
| 411,171 | ||
Specialty Retail - 2.2% | |||
Abercrombie & Fitch Co. Class A | 309,581 | 14,436 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
AutoNation, Inc. (a) | 151,611 | $ 6,636 | |
AutoZone, Inc. (a)(d) | 143,703 | 54,629 | |
Bed Bath & Beyond, Inc. (a)(d) | 891,811 | 50,610 | |
Best Buy Co., Inc. (d) | 1,039,252 | 17,054 | |
CarMax, Inc. (a)(d) | 890,316 | 34,197 | |
GameStop Corp. Class A (d) | 471,514 | 11,816 | |
Gap, Inc. (d) | 1,156,566 | 38,074 | |
Home Depot, Inc. | 5,817,777 | 398,518 | |
Limited Brands, Inc. | 931,312 | 42,393 | |
Lowe's Companies, Inc. | 4,376,146 | 166,950 | |
O'Reilly Automotive, Inc. (a) | 445,997 | 45,376 | |
PetSmart, Inc. (d) | 418,188 | 27,228 | |
Ross Stores, Inc. | 865,289 | 50,152 | |
Staples, Inc. (d) | 2,622,092 | 34,559 | |
Tiffany & Co., Inc. (d) | 463,685 | 31,141 | |
TJX Companies, Inc. | 2,837,541 | 127,604 | |
Urban Outfitters, Inc. (a) | 425,808 | 17,254 | |
| 1,168,627 | ||
Textiles, Apparel & Luxury Goods - 0.7% | |||
Coach, Inc. | 1,103,843 | 53,349 | |
Fossil, Inc. (a)(d) | 210,189 | 21,601 | |
NIKE, Inc. Class B | 2,840,036 | 154,668 | |
PVH Corp. | 303,936 | 37,035 | |
Ralph Lauren Corp. | 238,500 | 41,373 | |
VF Corp. | 342,899 | 55,296 | |
| 363,322 | ||
TOTAL CONSUMER DISCRETIONARY | 6,046,702 | ||
CONSUMER STAPLES - 10.7% | |||
Beverages - 2.4% | |||
Beam, Inc. | 619,113 | 37,784 | |
Brown-Forman Corp. Class B (non-vtg.) | 589,736 | 38,698 | |
Coca-Cola Enterprises, Inc. | 1,049,900 | 37,565 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 589,274 | 26,069 | |
Crimson Wine Group Ltd. (a) | 7,708 | 62 | |
Dr. Pepper Snapple Group, Inc. | 809,769 | 35,322 | |
Molson Coors Brewing Co. Class B | 606,393 | 26,809 | |
Monster Beverage Corp. (a) | 580,120 | 29,255 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Beverages - continued | |||
PepsiCo, Inc. | 6,018,846 | $ 456,048 | |
The Coca-Cola Co. | 15,008,613 | 581,133 | |
| 1,268,745 | ||
Food & Staples Retailing - 2.3% | |||
Costco Wholesale Corp. | 1,682,572 | 170,428 | |
CVS Caremark Corp. | 4,850,912 | 247,979 | |
Kroger Co. | 1,999,209 | 58,397 | |
Safeway, Inc. (d) | 932,288 | 22,244 | |
Sysco Corp. (d) | 2,287,156 | 73,555 | |
Wal-Mart Stores, Inc. | 6,508,201 | 460,650 | |
Walgreen Co. | 3,342,740 | 136,852 | |
Whole Foods Market, Inc. | 671,350 | 57,481 | |
| 1,227,586 | ||
Food Products - 1.8% | |||
Archer Daniels Midland Co. | 2,562,495 | 81,641 | |
Campbell Soup Co. (d) | 697,339 | 28,702 | |
ConAgra Foods, Inc. | 1,585,716 | 54,089 | |
Dean Foods Co. (a) | 720,745 | 11,964 | |
General Mills, Inc. (d) | 2,510,583 | 116,114 | |
H.J. Heinz Co. | 1,247,688 | 90,370 | |
Hormel Foods Corp. (d) | 521,666 | 19,516 | |
Kellogg Co. | 962,285 | 58,218 | |
Kraft Foods Group, Inc. | 2,305,067 | 111,727 | |
McCormick & Co., Inc. (non-vtg.) (d) | 515,620 | 34,686 | |
Mead Johnson Nutrition Co. Class A | 789,967 | 59,176 | |
Mondelez International, Inc. | 6,914,692 | 191,191 | |
The Hershey Co. (d) | 581,885 | 48,494 | |
The J.M. Smucker Co. (d) | 422,037 | 40,220 | |
Tyson Foods, Inc. Class A | 1,116,778 | 25,317 | |
| 971,425 | ||
Household Products - 2.2% | |||
Clorox Co. (d) | 507,658 | 42,648 | |
Colgate-Palmolive Co. (d) | 1,728,132 | 197,750 | |
Kimberly-Clark Corp. | 1,522,503 | 143,542 | |
Procter & Gamble Co. | 10,638,960 | 810,476 | |
| 1,194,416 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Personal Products - 0.2% | |||
Avon Products, Inc. | 1,681,553 | $ 32,874 | |
Estee Lauder Companies, Inc. Class A | 934,085 | 59,875 | |
| 92,749 | ||
Tobacco - 1.8% | |||
Altria Group, Inc. | 7,879,737 | 264,365 | |
Lorillard, Inc. | 1,511,022 | 58,235 | |
Philip Morris International, Inc. | 6,500,162 | 596,390 | |
Reynolds American, Inc. | 1,261,432 | 55,099 | |
| 974,089 | ||
TOTAL CONSUMER STAPLES | 5,729,010 | ||
ENERGY - 11.0% | |||
Energy Equipment & Services - 1.9% | |||
Baker Hughes, Inc. (d) | 1,710,676 | 76,672 | |
Cameron International Corp. (a) | 959,970 | 61,169 | |
Diamond Offshore Drilling, Inc. (d) | 270,485 | 18,847 | |
Ensco PLC Class A | 903,830 | 54,356 | |
FMC Technologies, Inc. (a)(d) | 925,014 | 48,017 | |
Halliburton Co. | 3,610,819 | 149,885 | |
Helmerich & Payne, Inc. (d) | 411,390 | 27,259 | |
Nabors Industries Ltd. | 1,129,890 | 18,937 | |
National Oilwell Varco, Inc. | 1,661,099 | 113,171 | |
Noble Corp. | 983,340 | 35,223 | |
Rowan Companies PLC (a)(d) | 483,242 | 16,715 | |
Schlumberger Ltd. | 5,165,607 | 402,143 | |
| 1,022,394 | ||
Oil, Gas & Consumable Fuels - 9.1% | |||
Anadarko Petroleum Corp. | 1,944,574 | 154,749 | |
Apache Corp. | 1,522,495 | 113,076 | |
Cabot Oil & Gas Corp. | 816,485 | 50,598 | |
Chesapeake Energy Corp. (d) | 2,017,227 | 40,667 | |
Chevron Corp. | 7,615,439 | 892,149 | |
ConocoPhillips (d) | 4,723,294 | 273,715 | |
CONSOL Energy, Inc. (d) | 886,302 | 28,495 | |
Denbury Resources, Inc. (a)(d) | 1,505,812 | 27,285 | |
Devon Energy Corp. | 1,465,555 | 79,521 | |
EOG Resources, Inc. | 1,054,004 | 132,499 | |
EQT Corp. | 582,149 | 36,728 | |
Exxon Mobil Corp. | 17,740,514 | 1,588,663 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Hess Corp. (d) | 1,156,202 | $ 76,887 | |
Kinder Morgan Holding Co. LLC | 2,460,662 | 91,217 | |
Marathon Oil Corp. (d) | 2,748,685 | 92,081 | |
Marathon Petroleum Corp. | 1,319,769 | 109,382 | |
Murphy Oil Corp. | 718,366 | 43,734 | |
Newfield Exploration Co. (a)(d) | 526,161 | 12,165 | |
Noble Energy, Inc. | 692,179 | 76,714 | |
Occidental Petroleum Corp. | 3,152,445 | 259,541 | |
Peabody Energy Corp. | 1,044,297 | 22,515 | |
Phillips 66 | 2,435,027 | 153,309 | |
Pioneer Natural Resources Co. (d) | 514,518 | 64,732 | |
QEP Resources, Inc. | 693,057 | 21,111 | |
Range Resources Corp. (d) | 632,792 | 48,598 | |
Southwestern Energy Co. (a)(d) | 1,359,651 | 46,595 | |
Spectra Energy Corp. | 2,590,719 | 75,234 | |
Tesoro Corp. | 546,437 | 30,732 | |
The Williams Companies, Inc. | 2,621,877 | 91,005 | |
Valero Energy Corp. (d) | 2,153,838 | 98,193 | |
WPX Energy, Inc. (a)(d) | 775,053 | 10,998 | |
| 4,842,888 | ||
TOTAL ENERGY | 5,865,282 | ||
FINANCIALS - 15.7% | |||
Capital Markets - 2.1% | |||
Ameriprise Financial, Inc. (d) | 800,836 | 54,961 | |
Bank of New York Mellon Corp. | 4,547,077 | 123,408 | |
BlackRock, Inc. Class A | 488,157 | 117,036 | |
Charles Schwab Corp. (d) | 4,266,836 | 69,293 | |
E*TRADE Financial Corp. (a)(d) | 1,001,749 | 10,729 | |
Franklin Resources, Inc. | 536,926 | 75,841 | |
Goldman Sachs Group, Inc. | 1,718,850 | 257,415 | |
Invesco Ltd. | 1,727,779 | 46,287 | |
Legg Mason, Inc. | 456,123 | 13,000 | |
Morgan Stanley | 5,377,489 | 121,262 | |
Northern Trust Corp. | 849,088 | 45,146 | |
State Street Corp. (d) | 1,808,579 | 102,347 | |
T. Rowe Price Group, Inc. | 991,686 | 70,598 | |
| 1,107,323 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Commercial Banks - 2.7% | |||
BB&T Corp. | 2,722,320 | $ 82,650 | |
Comerica, Inc. | 740,632 | 25,463 | |
Fifth Third Bancorp | 3,492,066 | 55,314 | |
First Horizon National Corp. | 961,604 | 10,222 | |
Huntington Bancshares, Inc. | 3,328,712 | 23,401 | |
KeyCorp | 3,632,839 | 34,112 | |
M&T Bank Corp. | 473,171 | 48,306 | |
PNC Financial Services Group, Inc. | 2,057,818 | 128,387 | |
Regions Financial Corp. | 5,498,028 | 42,060 | |
SunTrust Banks, Inc. | 2,096,597 | 57,845 | |
U.S. Bancorp | 7,316,569 | 248,617 | |
Wells Fargo & Co. | 19,049,574 | 668,259 | |
Zions Bancorporation (d) | 716,655 | 17,300 | |
| 1,441,936 | ||
Consumer Finance - 0.9% | |||
American Express Co. (d) | 3,788,240 | 235,439 | |
Capital One Financial Corp. | 2,263,346 | 115,499 | |
Discover Financial Services | 1,964,096 | 75,677 | |
SLM Corp. | 1,798,273 | 34,113 | |
| 460,728 | ||
Diversified Financial Services - 3.7% | |||
Bank of America Corp. | 41,937,762 | 470,961 | |
Citigroup, Inc. | 11,410,511 | 478,899 | |
CME Group, Inc. | 1,193,443 | 71,392 | |
IntercontinentalExchange, Inc. (a)(d) | 282,951 | 43,806 | |
JPMorgan Chase & Co. | 14,791,348 | 723,593 | |
Leucadia National Corp. (d) | 1,141,334 | 30,702 | |
McGraw-Hill Companies, Inc. (d) | 1,080,537 | 50,299 | |
Moody's Corp. (d) | 754,559 | 36,264 | |
NYSE Euronext | 945,520 | 35,249 | |
The NASDAQ Stock Market, Inc. | 455,659 | 14,426 | |
| 1,955,591 | ||
Insurance - 4.1% | |||
ACE Ltd. | 1,322,200 | 112,903 | |
AFLAC, Inc. | 1,824,529 | 91,135 | |
Allstate Corp. | 1,874,610 | 86,270 | |
American International Group, Inc. (a) | 5,744,338 | 218,342 | |
Aon PLC | 1,239,941 | 75,748 | |
Assurant, Inc. | 306,256 | 12,860 | |
Berkshire Hathaway, Inc. Class B (a) | 7,097,444 | 725,075 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Cincinnati Financial Corp. (d) | 569,713 | $ 25,643 | |
Genworth Financial, Inc. Class A (a) | 1,913,731 | 16,343 | |
Hartford Financial Services Group, Inc. (d) | 1,697,685 | 40,082 | |
Lincoln National Corp. (d) | 1,070,094 | 31,611 | |
Loews Corp. | 1,209,897 | 52,159 | |
Marsh & McLennan Companies, Inc. | 2,118,223 | 78,671 | |
MetLife, Inc. | 4,245,278 | 150,453 | |
Principal Financial Group, Inc. | 1,073,812 | 33,943 | |
Progressive Corp. (d) | 2,164,847 | 52,736 | |
Prudential Financial, Inc. | 1,805,434 | 100,328 | |
The Chubb Corp. | 1,019,230 | 85,646 | |
The Travelers Companies, Inc. | 1,484,229 | 119,362 | |
Torchmark Corp. (d) | 369,374 | 20,755 | |
Unum Group (d) | 1,070,511 | 26,195 | |
XL Group PLC Class A | 1,169,660 | 33,499 | |
| 2,189,759 | ||
Real Estate Investment Trusts - 2.1% | |||
American Tower Corp. | 1,538,328 | 119,374 | |
Apartment Investment & Management Co. Class A | 566,320 | 16,774 | |
AvalonBay Communities, Inc. (d) | 445,060 | 55,557 | |
Boston Properties, Inc. (d) | 587,010 | 60,979 | |
Equity Residential (SBI) (d) | 1,251,891 | 68,904 | |
HCP, Inc. (d) | 1,758,999 | 85,980 | |
Health Care REIT, Inc. (d) | 1,010,430 | 64,809 | |
Host Hotels & Resorts, Inc. (d) | 2,820,020 | 47,010 | |
Kimco Realty Corp. (d) | 1,586,071 | 34,529 | |
Plum Creek Timber Co., Inc. (d) | 628,699 | 30,492 | |
Prologis, Inc. (d) | 1,793,411 | 69,835 | |
Public Storage | 561,028 | 84,833 | |
Simon Property Group, Inc. | 1,203,684 | 191,217 | |
Ventas, Inc. | 1,150,012 | 81,398 | |
Vornado Realty Trust (d) | 659,101 | 52,866 | |
Weyerhaeuser Co. | 2,107,114 | 61,970 | |
| 1,126,527 | ||
Real Estate Management & Development - 0.0% | |||
CBRE Group, Inc. (a) | 1,173,929 | 28,374 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - 0.1% | |||
Hudson City Bancorp, Inc. | 1,849,692 | $ 15,759 | |
People's United Financial, Inc. | 1,352,634 | 17,720 | |
| 33,479 | ||
TOTAL FINANCIALS | 8,343,717 | ||
HEALTH CARE - 12.1% | |||
Biotechnology - 1.7% | |||
Alexion Pharmaceuticals, Inc. (a) | 755,972 | 65,573 | |
Amgen, Inc. | 2,985,796 | 272,932 | |
Biogen Idec, Inc. (a) | 920,605 | 153,133 | |
Celgene Corp. (a) | 1,645,853 | 169,819 | |
Gilead Sciences, Inc. (a)(d) | 5,896,052 | 251,820 | |
| 913,277 | ||
Health Care Equipment & Supplies - 2.2% | |||
Abbott Laboratories | 6,150,417 | 207,823 | |
Baxter International, Inc. | 2,137,642 | 144,505 | |
Becton, Dickinson & Co. | 766,368 | 67,486 | |
Boston Scientific Corp. (a) | 5,342,315 | 39,480 | |
C.R. Bard, Inc. (d) | 297,858 | 29,443 | |
CareFusion Corp. (a) | 863,482 | 28,270 | |
Covidien PLC | 1,841,968 | 117,094 | |
DENTSPLY International, Inc. (d) | 552,250 | 22,874 | |
Edwards Lifesciences Corp. (a)(d) | 449,066 | 38,588 | |
Intuitive Surgical, Inc. (a)(d) | 154,719 | 78,890 | |
Medtronic, Inc. | 3,935,218 | 176,927 | |
St. Jude Medical, Inc. (d) | 1,199,125 | 49,164 | |
Stryker Corp. (d) | 1,124,321 | 71,822 | |
Varian Medical Systems, Inc. (a)(d) | 425,690 | 30,066 | |
Zimmer Holdings, Inc. (d) | 675,101 | 50,606 | |
| 1,153,038 | ||
Health Care Providers & Services - 1.9% | |||
Aetna, Inc. (d) | 1,301,893 | 61,436 | |
AmerisourceBergen Corp. (d) | 916,243 | 43,247 | |
Cardinal Health, Inc. | 1,322,084 | 61,094 | |
CIGNA Corp. | 1,112,404 | 65,031 | |
Coventry Health Care, Inc. | 523,355 | 23,739 | |
DaVita, Inc. (a) | 326,161 | 39,015 | |
Express Scripts Holding Co. (a) | 3,176,633 | 180,782 | |
Humana, Inc. | 615,653 | 42,024 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Laboratory Corp. of America Holdings (a)(d) | 368,090 | $ 32,613 | |
McKesson Corp. | 918,438 | 97,474 | |
Patterson Companies, Inc. | 325,478 | 11,828 | |
Quest Diagnostics, Inc. (d) | 618,548 | 34,744 | |
Tenet Healthcare Corp. (a) | 414,297 | 16,286 | |
UnitedHealth Group, Inc. | 3,974,654 | 212,445 | |
WellPoint, Inc. | 1,181,529 | 73,467 | |
| 995,225 | ||
Health Care Technology - 0.1% | |||
Cerner Corp. (a)(d) | 567,426 | 49,627 | |
Life Sciences Tools & Services - 0.4% | |||
Agilent Technologies, Inc. | 1,355,800 | 56,239 | |
Life Technologies Corp. (a) | 669,479 | 38,917 | |
PerkinElmer, Inc. | 446,612 | 15,261 | |
Thermo Fisher Scientific, Inc. | 1,401,606 | 103,439 | |
Waters Corp. (a)(d) | 338,341 | 31,371 | |
| 245,227 | ||
Pharmaceuticals - 5.8% | |||
AbbVie, Inc. | 6,150,417 | 227,073 | |
Actavis, Inc. (a) | 497,107 | 42,334 | |
Allergan, Inc. | 1,196,625 | 129,738 | |
Bristol-Myers Squibb Co. | 6,422,871 | 237,454 | |
Eli Lilly & Co. | 3,973,508 | 217,192 | |
Forest Laboratories, Inc. (a) | 910,876 | 33,520 | |
Hospira, Inc. (a)(d) | 642,875 | 18,920 | |
Johnson & Johnson | 10,783,048 | 820,698 | |
Merck & Co., Inc. | 11,828,993 | 505,453 | |
Mylan, Inc. (a)(d) | 1,585,701 | 46,953 | |
Perrigo Co. | 343,374 | 38,860 | |
Pfizer, Inc. | 28,647,954 | 784,095 | |
| 3,102,290 | ||
TOTAL HEALTH CARE | 6,458,684 | ||
INDUSTRIALS - 10.2% | |||
Aerospace & Defense - 2.3% | |||
General Dynamics Corp. | 1,291,376 | 87,775 | |
Honeywell International, Inc. | 3,048,119 | 213,673 | |
L-3 Communications Holdings, Inc. | 365,986 | 27,914 | |
Lockheed Martin Corp. | 1,045,041 | 91,964 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Aerospace & Defense - continued | |||
Northrop Grumman Corp. | 955,029 | $ 62,726 | |
Precision Castparts Corp. | 566,292 | 105,664 | |
Raytheon Co. | 1,283,519 | 70,042 | |
Rockwell Collins, Inc. (d) | 545,573 | 32,794 | |
Textron, Inc. (d) | 1,096,592 | 31,637 | |
The Boeing Co. | 2,640,720 | 203,071 | |
United Technologies Corp. | 3,280,994 | 297,094 | |
| 1,224,354 | ||
Air Freight & Logistics - 0.8% | |||
C.H. Robinson Worldwide, Inc. | 627,202 | 35,763 | |
Expeditors International of Washington, Inc. (d) | 813,154 | 31,591 | |
FedEx Corp. | 1,136,581 | 119,830 | |
United Parcel Service, Inc. Class B (d) | 2,784,059 | 230,102 | |
| 417,286 | ||
Airlines - 0.1% | |||
Southwest Airlines Co. | 2,871,495 | 33,596 | |
Building Products - 0.0% | |||
Masco Corp. (d) | 1,389,486 | 26,762 | |
Commercial Services & Supplies - 0.6% | |||
ADT Corp. (d) | 904,538 | 43,318 | |
Avery Dennison Corp. | 387,519 | 15,830 | |
Cintas Corp. (d) | 413,100 | 18,135 | |
Iron Mountain, Inc. (d) | 649,057 | 22,392 | |
Pitney Bowes, Inc. (d) | 781,131 | 10,233 | |
Republic Services, Inc. | 1,163,637 | 36,585 | |
Stericycle, Inc. (a)(d) | 334,199 | 32,056 | |
Tyco International Ltd. | 1,812,117 | 58,006 | |
Waste Management, Inc. | 1,696,740 | 63,322 | |
| 299,877 | ||
Construction & Engineering - 0.2% | |||
Fluor Corp. | 647,892 | 40,105 | |
Jacobs Engineering Group, Inc. (a)(d) | 506,133 | 24,720 | |
Quanta Services, Inc. (a)(d) | 829,406 | 23,555 | |
| 88,380 | ||
Electrical Equipment - 0.7% | |||
Eaton Corp. PLC | 1,796,751 | 111,345 | |
Emerson Electric Co. | 2,817,641 | 159,760 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Rockwell Automation, Inc. | 542,055 | $ 48,969 | |
Roper Industries, Inc. | 382,839 | 47,706 | |
| 367,780 | ||
Industrial Conglomerates - 2.5% | |||
3M Co. | 2,476,935 | 257,601 | |
Danaher Corp. (d) | 2,264,023 | 139,464 | |
General Electric Co. | 40,802,448 | 947,433 | |
| 1,344,498 | ||
Machinery - 1.9% | |||
Caterpillar, Inc. (d) | 2,544,473 | 235,033 | |
Cummins, Inc. | 687,783 | 79,693 | |
Deere & Co. (d) | 1,523,986 | 133,852 | |
Dover Corp. (d) | 696,536 | 51,091 | |
Flowserve Corp. | 194,489 | 31,215 | |
Illinois Tool Works, Inc. (d) | 1,659,028 | 102,030 | |
Ingersoll-Rand PLC | 1,089,221 | 57,347 | |
Joy Global, Inc. | 411,973 | 26,094 | |
PACCAR, Inc. (d) | 1,373,652 | 65,152 | |
Pall Corp. | 432,258 | 29,471 | |
Parker Hannifin Corp. (d) | 580,468 | 54,843 | |
Pentair Ltd. (d) | 818,251 | 43,588 | |
Snap-On, Inc. | 226,578 | 18,187 | |
Stanley Black & Decker, Inc. | 656,751 | 51,686 | |
Xylem, Inc. | 722,929 | 19,881 | |
| 999,163 | ||
Professional Services - 0.1% | |||
Dun & Bradstreet Corp. (d) | 173,405 | 13,976 | |
Equifax, Inc. | 465,359 | 25,651 | |
Robert Half International, Inc. | 547,619 | 19,468 | |
| 59,095 | ||
Road & Rail - 0.8% | |||
CSX Corp. | 4,013,116 | 92,061 | |
Norfolk Southern Corp. (d) | 1,229,731 | 89,832 | |
Ryder System, Inc. | 198,878 | 11,177 | |
Union Pacific Corp. | 1,830,326 | 250,956 | |
| 444,026 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. (d) | 1,049,226 | $ 54,172 | |
W.W. Grainger, Inc. (d) | 232,549 | 52,663 | |
| 106,835 | ||
TOTAL INDUSTRIALS | 5,411,652 | ||
INFORMATION TECHNOLOGY - 18.0% | |||
Communications Equipment - 1.9% | |||
Cisco Systems, Inc. | 20,658,413 | 430,728 | |
F5 Networks, Inc. (a)(d) | 307,586 | 29,045 | |
Harris Corp. | 441,869 | 21,241 | |
JDS Uniphase Corp. (a) | 910,309 | 12,890 | |
Juniper Networks, Inc. (a) | 2,006,115 | 41,486 | |
Motorola Solutions, Inc. | 1,091,431 | 67,898 | |
QUALCOMM, Inc. | 6,630,418 | 435,154 | |
| 1,038,442 | ||
Computers & Peripherals - 4.1% | |||
Apple, Inc. | 3,660,256 | 1,615,642 | |
Dell, Inc. | 5,678,203 | 79,211 | |
EMC Corp. (a) | 8,197,046 | 188,614 | |
Hewlett-Packard Co. | 7,650,380 | 154,079 | |
NetApp, Inc. (a) | 1,394,090 | 47,162 | |
SanDisk Corp. (a) | 940,808 | 47,407 | |
Seagate Technology (d) | 1,307,266 | 42,042 | |
Western Digital Corp. | 853,076 | 40,231 | |
| 2,214,388 | ||
Electronic Equipment & Components - 0.4% | |||
Amphenol Corp. Class A | 623,894 | 44,209 | |
Corning, Inc. | 5,750,315 | 72,511 | |
FLIR Systems, Inc. (d) | 583,755 | 15,376 | |
Jabil Circuit, Inc. | 727,846 | 13,633 | |
Molex, Inc. (d) | 537,594 | 14,897 | |
TE Connectivity Ltd. | 1,644,242 | 65,983 | |
| 226,609 | ||
Internet Software & Services - 2.3% | |||
Akamai Technologies, Inc. (a)(d) | 690,532 | 25,522 | |
eBay, Inc. (a) | 4,531,435 | 247,779 | |
Google, Inc. Class A (a) | 1,035,640 | 829,755 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
VeriSign, Inc. (a)(d) | 604,109 | $ 27,668 | |
Yahoo!, Inc. (a) | 4,049,644 | 86,298 | |
| 1,217,022 | ||
IT Services - 3.8% | |||
Accenture PLC Class A (d) | 2,484,508 | 184,748 | |
Automatic Data Processing, Inc. | 1,888,991 | 115,908 | |
Cognizant Technology Solutions Corp. Class A (a) | 1,168,054 | 89,672 | |
Computer Sciences Corp. | 604,544 | 29,036 | |
Fidelity National Information Services, Inc. | 969,714 | 36,510 | |
Fiserv, Inc. (a)(d) | 519,346 | 42,644 | |
IBM Corp. | 4,132,797 | 829,990 | |
MasterCard, Inc. Class A | 415,812 | 215,316 | |
Paychex, Inc. (d) | 1,258,653 | 41,661 | |
SAIC, Inc. (d) | 1,104,089 | 13,050 | |
Teradata Corp. (a)(d) | 657,974 | 38,202 | |
The Western Union Co. | 2,321,303 | 32,568 | |
Total System Services, Inc. | 625,213 | 14,855 | |
Visa, Inc. Class A | 2,028,464 | 321,796 | |
| 2,005,956 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 4,916,881 | 39,876 | |
Semiconductors & Semiconductor Equipment - 2.0% | |||
Advanced Micro Devices, Inc. (a)(d) | 2,354,675 | 5,863 | |
Altera Corp. (d) | 1,247,357 | 44,181 | |
Analog Devices, Inc. | 1,172,596 | 53,025 | |
Applied Materials, Inc. | 4,660,124 | 63,844 | |
Broadcom Corp. Class A | 2,018,975 | 68,867 | |
First Solar, Inc. (a)(d) | 233,654 | 6,040 | |
Intel Corp. (d) | 19,361,736 | 403,692 | |
KLA-Tencor Corp. | 647,918 | 35,480 | |
Lam Research Corp. (a) | 631,696 | 26,721 | |
Linear Technology Corp. (d) | 900,356 | 34,430 | |
LSI Corp. (a) | 2,153,324 | 14,987 | |
Microchip Technology, Inc. (d) | 757,213 | 27,616 | |
Micron Technology, Inc. (a)(d) | 3,959,355 | 33,219 | |
NVIDIA Corp. | 2,431,310 | 30,780 | |
Teradyne, Inc. (a)(d) | 730,936 | 12,250 | |
Texas Instruments, Inc. (d) | 4,361,072 | 149,890 | |
Xilinx, Inc. | 1,015,258 | 37,839 | |
| 1,048,724 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Software - 3.4% | |||
Adobe Systems, Inc. (a) | 1,926,270 | $ 75,702 | |
Autodesk, Inc. (a) | 874,312 | 32,105 | |
BMC Software, Inc. (a)(d) | 511,506 | 20,496 | |
CA Technologies, Inc. | 1,304,581 | 31,949 | |
Citrix Systems, Inc. (a) | 726,516 | 51,510 | |
Electronic Arts, Inc. (a)(d) | 1,187,288 | 20,813 | |
Intuit, Inc. | 1,082,837 | 69,821 | |
Microsoft Corp. | 29,473,792 | 819,371 | |
Oracle Corp. | 14,625,828 | 501,081 | |
Red Hat, Inc. (a) | 752,233 | 38,221 | |
salesforce.com, Inc. (a)(d) | 508,323 | 86,018 | |
Symantec Corp. (a) | 2,699,989 | 63,288 | |
| 1,810,375 | ||
TOTAL INFORMATION TECHNOLOGY | 9,601,392 | ||
MATERIALS - 3.4% | |||
Chemicals - 2.4% | |||
Air Products & Chemicals, Inc. (d) | 828,205 | 71,507 | |
Airgas, Inc. | 273,507 | 27,427 | |
CF Industries Holdings, Inc. | 244,634 | 49,130 | |
E.I. du Pont de Nemours & Co. (d) | 3,628,267 | 173,794 | |
Eastman Chemical Co. | 596,755 | 41,612 | |
Ecolab, Inc. | 1,025,740 | 78,520 | |
FMC Corp. | 534,604 | 32,215 | |
International Flavors & Fragrances, Inc. | 317,376 | 23,162 | |
LyondellBasell Industries NV Class A | 1,477,107 | 86,588 | |
Monsanto Co. | 2,080,134 | 210,156 | |
PPG Industries, Inc. | 555,836 | 74,849 | |
Praxair, Inc. | 1,156,124 | 130,700 | |
Sherwin-Williams Co. | 332,989 | 53,808 | |
Sigma Aldrich Corp. | 468,192 | 36,079 | |
The Dow Chemical Co. | 4,666,241 | 148,013 | |
The Mosaic Co. | 1,076,550 | 63,021 | |
| 1,300,581 | ||
Construction Materials - 0.1% | |||
Vulcan Materials Co. | 504,260 | 25,682 | |
Containers & Packaging - 0.1% | |||
Ball Corp. | 598,642 | 26,586 | |
Bemis Co., Inc. (d) | 401,903 | 15,007 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
MATERIALS - continued | |||
Containers & Packaging - continued | |||
Owens-Illinois, Inc. (a) | 640,190 | $ 16,325 | |
Sealed Air Corp. | 756,859 | 16,810 | |
| 74,728 | ||
Metals & Mining - 0.6% | |||
Alcoa, Inc. (d) | 4,152,509 | 35,379 | |
Allegheny Technologies, Inc. (d) | 417,569 | 12,723 | |
Cliffs Natural Resources, Inc. (d) | 589,474 | 15,008 | |
Freeport-McMoRan Copper & Gold, Inc. | 3,693,823 | 117,907 | |
Newmont Mining Corp. | 1,931,636 | 77,826 | |
Nucor Corp. (d) | 1,235,938 | 55,679 | |
United States Steel Corp. (d) | 561,401 | 11,700 | |
| 326,222 | ||
Paper & Forest Products - 0.2% | |||
International Paper Co. | 1,708,725 | 75,201 | |
MeadWestvaco Corp. | 680,155 | 24,288 | |
| 99,489 | ||
TOTAL MATERIALS | 1,826,702 | ||
TELECOMMUNICATION SERVICES - 3.0% | |||
Diversified Telecommunication Services - 2.7% | |||
AT&T, Inc. (d) | 22,101,017 | 793,648 | |
CenturyLink, Inc. (d) | 2,429,027 | 84,214 | |
Frontier Communications Corp. (d) | 3,884,974 | 16,084 | |
Verizon Communications, Inc. (d) | 11,104,672 | 516,700 | |
Windstream Corp. (d) | 2,288,415 | 19,657 | |
| 1,430,303 | ||
Wireless Telecommunication Services - 0.3% | |||
Crown Castle International Corp. (a) | 1,140,689 | 79,620 | |
MetroPCS Communications, Inc. (a) | 1,232,558 | 12,079 | |
Sprint Nextel Corp. (a) | 11,691,025 | 67,808 | |
| 159,507 | ||
TOTAL TELECOMMUNICATION SERVICES | 1,589,810 | ||
UTILITIES - 3.4% | |||
Electric Utilities - 2.0% | |||
American Electric Power Co., Inc. | 1,888,115 | 88,345 | |
Duke Energy Corp. (d) | 2,740,231 | 189,761 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
UTILITIES - continued | |||
Electric Utilities - continued | |||
Edison International | 1,267,739 | $ 60,890 | |
Entergy Corp. (d) | 691,564 | 43,057 | |
Exelon Corp. (d) | 3,324,035 | 103,012 | |
FirstEnergy Corp. | 1,627,288 | 64,245 | |
NextEra Energy, Inc. | 1,646,704 | 118,349 | |
Northeast Utilities | 1,221,559 | 50,707 | |
Pepco Holdings, Inc. | 892,880 | 18,117 | |
Pinnacle West Capital Corp. | 426,845 | 23,878 | |
PPL Corp. | 2,263,432 | 69,759 | |
Southern Co. | 3,401,168 | 153,087 | |
Xcel Energy, Inc. | 1,897,342 | 54,454 | |
| 1,037,661 | ||
Gas Utilities - 0.1% | |||
AGL Resources, Inc. | 458,293 | 18,313 | |
ONEOK, Inc. | 796,154 | 35,819 | |
| 54,132 | ||
Independent Power Producers & Energy Traders - 0.1% | |||
NRG Energy, Inc. | 1,254,015 | 30,096 | |
The AES Corp. | 2,402,659 | 27,919 | |
| 58,015 | ||
Multi-Utilities - 1.2% | |||
Ameren Corp. | 944,098 | 31,901 | |
CenterPoint Energy, Inc. | 1,663,188 | 35,642 | |
CMS Energy Corp. | 1,026,869 | 27,325 | |
Consolidated Edison, Inc. (d) | 1,139,576 | 67,235 | |
Dominion Resources, Inc. | 2,235,821 | 125,206 | |
DTE Energy Co. | 669,540 | 44,725 | |
Integrys Energy Group, Inc. | 303,138 | 17,149 | |
NiSource, Inc. | 1,205,266 | 33,386 | |
PG&E Corp. (d) | 1,673,078 | 71,340 | |
Public Service Enterprise Group, Inc. | 1,968,536 | 64,155 | |
SCANA Corp. | 512,811 | 25,046 | |
Sempra Energy | 875,178 | 68,054 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
UTILITIES - continued | |||
Multi-Utilities - continued | |||
TECO Energy, Inc. | 792,166 | $ 13,665 | |
Wisconsin Energy Corp. (d) | 895,207 | 36,972 | |
| 661,801 | ||
TOTAL UTILITIES | 1,811,609 | ||
TOTAL COMMON STOCKS (Cost $34,996,908) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal Amount (000s) |
| ||
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.15% 4/11/13 to 8/22/13 (e) | $ 53,000 |
|
Money Market Funds - 6.4% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 505,695,578 | 505,696 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 2,899,405,121 | 2,899,405 | |
TOTAL MONEY MARKET FUNDS (Cost $3,405,101) |
| ||
TOTAL INVESTMENT PORTFOLIO - 105.3% (Cost $38,454,993) | 56,142,645 | ||
NET OTHER ASSETS (LIABILITIES) - (5.3)% | (2,826,794) | ||
NET ASSETS - 100% | $ 53,315,851 |
Futures Contracts | |||||
Expiration Date | Underlying Face | Unrealized Appreciation/ | |||
Purchased | |||||
Equity Index Contracts | |||||
860 CME S&P 500 Index Contracts | March 2013 | $ 325,360 | $ 551 | ||
4,077 CME E-mini S&P 500 Index Contracts | March 2013 | 308,486 | 11,105 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 633,846 | $ 11,656 |
|
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $33,422,000. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 860 |
Fidelity Securities Lending Cash Central Fund | 6,389 |
Total | $ 7,249 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 6,046,702 | $ 6,046,702 | $ - | $ - |
Consumer Staples | 5,729,010 | 5,729,010 | - | - |
Energy | 5,865,282 | 5,865,282 | - | - |
Financials | 8,343,717 | 8,343,717 | - | - |
Health Care | 6,458,684 | 6,458,684 | - | - |
Industrials | 5,411,652 | 5,411,652 | - | - |
Information Technology | 9,601,392 | 9,601,392 | - | - |
Materials | 1,826,702 | 1,826,702 | - | - |
Telecommunication Services | 1,589,810 | 1,589,810 | - | - |
Utilities | 1,811,609 | 1,811,609 | - | - |
U.S. Government and Government Agency Obligations | 52,984 | - | 52,984 | - |
Money Market Funds | 3,405,101 | 3,405,101 | - | - |
Total Investments in Securities: | $ 56,142,645 | $ 56,089,661 | $ 52,984 | $ - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 11,656 | $ 11,656 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Primary Risk Exposure / | Value (000s) | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 11,656 | $ - |
Total Value of Derivatives | $ 11,656 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Statements
Statement of Assets and Liabilities
Amounts in thousands (except per-share amounts) | February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $2,830,863) - See accompanying schedule: Unaffiliated issuers (cost $35,049,892) | $ 52,737,544 |
|
Fidelity Central Funds (cost $3,405,101) | 3,405,101 |
|
Total Investments (cost $38,454,993) |
| $ 56,142,645 |
Receivable for investments sold | 504 | |
Receivable for fund shares sold | 50,173 | |
Dividends receivable | 130,276 | |
Distributions receivable from Fidelity Central Funds | 517 | |
Receivable from investment adviser for expense reductions | 751 | |
Other receivables | 1,175 | |
Total assets | 56,326,041 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 9,960 | |
Payable for fund shares redeemed | 95,653 | |
Accrued management fee | 1,106 | |
Payable for daily variation margin on futures contracts | 1,159 | |
Other affiliated payables | 1,749 | |
Other payables and accrued expenses | 1,158 | |
Collateral on securities loaned, at value | 2,899,405 | |
Total liabilities | 3,010,190 | |
|
|
|
Net Assets | $ 53,315,851 | |
Net Assets consist of: |
| |
Paid in capital | $ 36,968,469 | |
Undistributed net investment income | 191,536 | |
Accumulated undistributed net realized gain (loss) on investments | (1,543,462) | |
Net unrealized appreciation (depreciation) on investments | 17,699,308 | |
Net Assets | $ 53,315,851 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Assets and Liabilities - continued
Amounts in thousands (except per-share amounts) | February 28, 2013 | |
|
|
|
Investor Class: | $ 53.81 | |
|
|
|
Fidelity Advantage Class: | $ 53.82 | |
|
|
|
Institutional Class: | $ 53.82 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 53.83 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Statements - continued
Statement of Operations
Amounts in thousands | Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 1,096,817 |
Interest |
| 42 |
Income from Fidelity Central Funds |
| 7,249 |
Total income |
| 1,104,108 |
|
|
|
Expenses | ||
Management fee | $ 11,968 | |
Transfer agent fees | 20,687 | |
Independent trustees' compensation | 313 | |
Miscellaneous | 122 | |
Total expenses before reductions | 33,090 | |
Expense reductions | (5,045) | 28,045 |
Net investment income (loss) | 1,076,063 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 735,222 | |
Futures contracts | 81,216 | |
Total net realized gain (loss) |
| 816,438 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 4,306,013 | |
Futures contracts | (15,585) | |
Total change in net unrealized appreciation (depreciation) |
| 4,290,428 |
Net gain (loss) | 5,106,866 | |
Net increase (decrease) in net assets resulting from operations | $ 6,182,929 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Changes in Net Assets
Amounts in thousands | Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 1,076,063 | $ 842,018 |
Net realized gain (loss) | 816,438 | 346,325 |
Change in net unrealized appreciation (depreciation) | 4,290,428 | 947,325 |
Net increase (decrease) in net assets resulting | 6,182,929 | 2,135,668 |
Distributions to shareholders from net investment income | (1,030,033) | (823,248) |
Share transactions - net increase (decrease) | 3,180,920 | 194,063 |
Total increase (decrease) in net assets | 8,333,816 | 1,506,483 |
|
|
|
Net Assets | ||
Beginning of period | 44,982,035 | 43,475,552 |
End of period (including undistributed net investment income of $191,536 and undistributed net investment income of $145,444, respectively) | $ 53,315,851 | $ 44,982,035 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 H | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 48.49 | $ 47.09 | $ 39.19 | $ 26.10 | $ 47.20 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.10 | .89 | .81 | .75 | .95 |
Net realized and unrealized gain (loss) | 5.28 | 1.40 | 7.88 | 13.12 | (21.09) |
Total from investment operations | 6.38 | 2.29 | 8.69 | 13.87 | (20.14) |
Distributions from net investment income | (1.06) | (.89) | (.79) | (.78) | (.96) |
Net asset value, end of period | $ 53.81 | $ 48.49 | $ 47.09 | $ 39.19 | $ 26.10 |
Total Return A | 13.36% | 5.04% | 22.47% | 53.68% | (43.35)% |
Ratios to Average Net Assets C, E |
|
|
|
| |
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% G | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% G | .10% | .10% | .10% | .10% |
Net investment income (loss) | 2.21% | 1.96% | 1.94% | 2.14% | 2.36% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 4,705 | $ 13,407 | $ 27,881 | $ 23,666 | $ 11,363 |
Portfolio turnover rate D | 4% | 5% F | 4% | 11% F | 8% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F The portfolio turnover rate does not include the assets acquired in the merger.
G Amount represents .095%.
H For the year ended February 29.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 G | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.10 | $ 39.19 | $ 26.11 | $ 47.20 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.13 | .90 | .82 | .77 | .96 |
Net realized and unrealized gain (loss) | 5.27 | 1.40 | 7.89 | 13.10 | (21.08) |
Total from investment operations | 6.40 | 2.30 | 8.71 | 13.87 | (20.12) |
Distributions from net investment income | (1.08) | (.90) | (.80) | (.79) | (.97) |
Net asset value, end of period | $ 53.82 | $ 48.50 | $ 47.10 | $ 39.19 | $ 26.11 |
Total Return A | 13.39% | 5.07% | 22.53% | 53.67% | (43.31)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .06% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .06% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 2.25% | 1.99% | 1.97% | 2.17% | 2.39% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 28,996 | $ 16,230 | $ 15,595 | $ 12,455 | $ 3,667 |
Portfolio turnover rate D | 4% | 5% F | 4% | 11% F | 8% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F The portfolio turnover rate does not include the assets acquired in the merger.
G For the year ended February 29.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 G |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.74 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.13 | .79 |
Net realized and unrealized gain (loss) | 5.28 | .68 |
Total from investment operations | 6.41 | 1.47 |
Distributions from net investment income | (1.09) | (.71) |
Net asset value, end of period | $ 53.82 | $ 48.50 |
Total Return B, C | 13.42% | 3.25% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .05% | .05% A |
Expenses net of fee waivers, if any | .04% | .05% A |
Expenses net of all reductions | .04% | .05% A |
Net investment income (loss) | 2.27% | 2.19% A |
Supplemental Data |
|
|
Net assets, end of period (in millions) | $ 17,703 | $ 14,629 |
Portfolio turnover rate F | 4% | 5% I |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I The portfolio turnover rate does not include the assets acquired in the merger.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 H |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.74 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.14 | .81 |
Net realized and unrealized gain (loss) | 5.29 | .67 |
Total from investment operations | 6.43 | 1.48 |
Distributions from net investment income | (1.10) | (.72) |
Net asset value, end of period | $ 53.83 | $ 48.50 |
Total Return B, C | 13.46% | 3.27% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .03% G | .03% A, G |
Expenses net of fee waivers, if any | .02% | .03% A, G |
Expenses net of all reductions | .02% | .03% A, G |
Net investment income (loss) | 2.29% | 2.24% A |
Supplemental Data |
|
|
Net assets, end of period (in millions) | $ 1,912 | $ 716 |
Portfolio turnover rate F | 4% | 5% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G Amount represents .025%.
H For the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J The portfolio turnover rate does not include the assets acquired in the merger.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
(Amounts in thousands except percentages)
1. Organization.
Spartan 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class.
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of
Annual Report
3. Significant Accounting Policies - continued
the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
3. Significant Accounting Policies - continued
Investment Valuation - continued
are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, is included at the end of the Fund's Schedule of Investments.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Annual Report
3. Significant Accounting Policies - continued
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 21,612,588 |
Gross unrealized depreciation | (4,005,515) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 17,607,073 |
|
|
Tax Cost | $ 38,535,572 |
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 192,698 |
Capital loss carryforward | $ (1,451,227) |
Net unrealized appreciation (depreciation) | $ 17,607,073 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
2016 | $ (397) |
2017 | (658,756) |
2019 | (792,074) |
Total capital loss carryforward | $ (1,451,227) |
The tax character of distributions paid was as follows:
| February 28, 2013 | February 29, 2012 |
Ordinary Income | $ 1,030,033 | $ 823,248 |
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange
Annual Report
4. Derivative Instruments - continued
Risk Exposures and the Use of Derivative Instruments - continued
or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risks:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
4. Derivative Instruments - continued
Futures Contracts - continued
appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of activity for the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
During the period the Fund recognized net realized gain (loss) of $81,216 and a change in net unrealized appreciation (depreciation) of $(15,585) related to its investment in futures contracts. These amounts are included in the Statement of Operations.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, aggregated $5,069,809 and $1,704,367, respectively.
Securities received in-kind through subscriptions totaled $506,578.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .025% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .05% |
Fidelity Advantage Institutional Class | .025% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, Institutional Class pays a portion of the transfer agent fees at an annual rate of .025% of average net assets and Fidelity Advantage Institutional Class does not pay transfer agent fees.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Investor Class | $ 7,526 |
Fidelity Advantage Class | 9,149 |
Institutional Class | 4,012 |
| $ 20,687 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $123 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, there were no borrowings on this line of credit.
8. Security Lending.
The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
8. Security Lending - continued
Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $6,389. During the period, there were no securities loaned to FCM.
9. Expense Reductions.
Effective February 1, 2012, FMR contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. This reimbursement will remain in place through April 30, 2014.
| Expense | Reimbursement |
Investor Class | .095% | $ 502 |
Fidelity Advantage Class | .060%/.050%* | 2,736 |
Institutional Class | .040% | 1,722 |
Fidelity Advantage Institutional Class | .020% | 84 |
* Expense limitation effective January 1, 2013.
In addition, through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's management fee by four hundred sixty seven dollars and reduced transfer agent fee by one hundred two dollars.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| February 28, 2013 | February 29, 2012 A |
From net investment income |
|
|
Investor Class | $ 226,551 | $ 405,868 |
Fidelity Advantage Class | 421,592 | 264,009 |
Institutional Class | 348,307 | 146,405 |
Fidelity Advantage Institutional Class | 33,583 | 6,966 |
Total | $ 1,030,033 | $ 823,248 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
Annual Report
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| February 28, | February 29, | February 28, | February 29, |
Investor Class |
|
|
|
|
Shares sold | 47,792 | 94,578 | $ 2,395,212 | $ 4,269,471 |
Reinvestment of distributions | 4,370 | 8,848 | 217,646 | 397,869 |
Shares redeemed | (241,211) | (418,995) | (12,295,797) | (19,074,702) |
Net increase (decrease) | (189,049) | (315,569) | $ (9,682,939) | $ (14,407,362) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 271,957 | 133,837 | $ 13,895,241 | $ 6,254,732 |
Issued in exchange for shares of Congress Street | - | 983 | - | 45,955 |
Issued in exchange of shares of Exchange | - | 3,818 | - | 178,445 |
Reinvestment of distributions | 7,827 | 5,335 | 390,172 | 238,952 |
Shares redeemed | (75,714) | (140,424) | (3,793,810) | (6,301,502) |
Net increase (decrease) | 204,070 | 3,549 | $ 10,491,603 | $ 416,582 |
Institutional Class |
|
|
|
|
Shares sold | 92,394 | 335,470 | $ 4,615,642 | $ 15,034,791 |
Reinvestment of distributions | 6,988 | 3,423 | 348,307 | 146,405 |
Shares redeemed | (72,117) | (37,249) | (3,630,016) | (1,658,626) |
Net increase (decrease) | 27,265 | 301,644 | $ 1,333,933 | $ 13,522,570 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 24,302 | 16,270 | $ 1,217,091 | $ 729,075 |
Reinvestment of distributions | 673 | 166 | 33,583 | 6,966 |
Shares redeemed | (4,226) | (1,663) | (212,351) | (73,768) |
Net increase (decrease) | 20,749 | 14,773 | $ 1,038,323 | $ 662,273 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
12. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
13. Merger Information.
On April 15, 2011 the Fund acquired all of the assets and assumed all of the liabilities of the Fidelity Congress Street Fund and Fidelity Exchange Fund ("Target Funds") pursuant to an agreement and plan of reorganization approved by the Board of Trustees on October 13, 2010. The reorganization provides shareholders of the Target Funds access to a larger more diversified portfolio with similar investment strategies and lower expenses. The acquisition was accomplished by an exchange of 4,801 shares then outstanding of Fidelity Advantage Class of the Fund for 99 shares then outstanding (valued at $465.09 per share) of Fidelity Congress Street Fund, and 551 shares then outstanding (valued at $323.88 per share) of Fidelity Exchange Street Fund. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders. Fidelity Congress Street Fund's net assets, including securities of $45,976 with unrealized appreciation of $32,369 and net other liabilities of $21, and Fidelity Exchange Street Fund's net assets, including securities of $178,427 with unrealized appreciation of $150,195 and net other assets of $18, were combined with the Fund's net assets of $43,105,406 for total net assets after the acquisition of $43,329,806.
Pro forma results of operations of the combined entity for the entire period ended February 29, 2012, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:
Net investment income (loss) | $ 842,404 |
Total net realized gain (loss) | 348,278 |
Total change in net unrealized appreciation (depreciation) | 944,457 |
Net increase (decrease) in net assets resulting from operations | $ 2,135,139 |
Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the acquired funds that have been included in the Fund's accompanying Statement of Operations since April 15, 2011.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan 500 Index Fund:
In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan 500 Index Fund (a fund of Fidelity Concord Street Trust) at February 28, 2013, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Spartan 500 Index Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 22, 2013
Annual Report
Trustees and Officers
The Trustees, Members of the Advisory Board, and executive officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 234 Fidelity funds. Mr. Curvey oversees 453 Fidelity funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person of the trust and the fund (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers and Advisory Board Members hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Experience, Skills, Attributes, and Qualifications of the Fund's Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Annual Report
Board Structure and Oversight Function. James C. Curvey is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's equity and high income funds and another Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds. The asset allocation funds may invest in Fidelity funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
Annual Report
Trustees and Officers - continued
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (1935) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007- |
Ronald P. O'Hanley (1957) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Annual Report
Trustees and Officers - continued
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (1948) | |
| Year of Election or Appointment: 2005 Prior to his retirement in May 2003, Mr. Dirks was Chief Operating Officer and a member of the Board of The Depository Trust & Clearing Corporation (DTCC). He also served as President, Chief Operating Officer, and Board member of The Depository Trust Company (DTC) and President and Board member of the National Securities Clearing Corporation (NSCC). In addition, Mr. Dirks served as Chief Executive Officer and Board member of the Government Securities Clearing Corporation, Chief Executive Officer and Board member of the Mortgage-Backed Securities Clearing Corporation, as a Trustee and a member of the Finance Committee of Manhattan College (2005-2008), and as a Trustee and a member of the Finance Committee of AHRC of Nassau County (2006-2008). Mr. Dirks is a member of the Independent Directors Council (IDC) Governing Council (2010-present) and Board of Directors for The Brookville Center for Children's Services, Inc. (2009-present). |
Alan J. Lacy (1953) | |
| Year of Election or Appointment: 2008 Mr. Lacy serves as Senior Adviser (2007-present) of Oak Hill Capital Partners, L.P. (private equity). Mr. Lacy also served as Chief Executive Officer (2000-2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation and Sears, Roebuck and Co. (retail). In addition, Mr. Lacy serves as a member of the Board of Directors of Dave & Buster's Entertainment, Inc. (restaurant and entertainment complexes, 2010- |
Ned C. Lautenbach (1944) | |
| Year of Election or Appointment: 2000 Mr. Lautenbach is Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Lautenbach currently serves as the Lead Director of the Eaton Corporation Board of Directors (diversified industrial, 1997-present). Mr. Lautenbach is Chairman of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (2012-present) and a member of the Council on Foreign Relations (1994- |
Joseph Mauriello (1944) | |
| Year of Election or Appointment: 2008 Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Board of Directors of XL Group plc. (global insurance and re-insurance, 2006-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007) and of Arcadia Resources Inc. (health care services and products, 2007-2012). |
Robert W. Selander (1950) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (1944) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors (2009-present) and Chair of the Investment Committee (2010-present) of the Teagle Foundation. Ms. Small also serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson (2002-2008) and a member of the Investment Committee and Chairperson (2008-2012) and a member of the Board of Trustees of Smith College. In addition, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments, and a member of the Board of Directors of Scudder, Stevens & Clark and Scudder Kemper Investments. |
William S. Stavropoulos (1939) | |
| Year of Election or Appointment: 2001 Mr. Stavropoulos is Vice Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Stavropoulos serves as President and Founder of the Michigan Baseball Foundation, the Great Lakes Loons (2007-present). Mr. Stavropoulos is Chairman Emeritus of the Board of Directors of The Dow Chemical Company, where he previously served in numerous senior management positions, including President, CEO (1995-2000; 2002-2004), Chairman of the Executive Committee (2000-2006), and as a member of the Board of Directors (1990-2006). Currently, Mr. Stavropoulos is a Director of Univar Inc. (global distributor of commodity and specialty chemicals, Chairman from 2010-May 2012 and Lead Director from May 2012-present), Teradata Corporation (data warehousing and technology solutions, 2008- |
David M. Thomas (1949) | |
| Year of Election or Appointment: 2008 Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions), and a Director of Fortune Brands, Inc. (consumer products, 2000-2011). In addition, Mr. Thomas serves as Non-Executive Chairman of the Board of Directors of Fortune Brands Home and Security (home and security products, 2011- |
Michael E. Wiley (1950) | |
| Year of Election or Appointment: 2008 Mr. Wiley also serves as a Director of Asia Pacific Exploration Consolidated (international oil and gas exploration and production, 2008- |
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Advisory Board Members and Executive Officers:
Correspondence intended for David A. Rosow and Garnett A. Smith may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each executive officer and Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupation | |
Peter S. Lynch (1944) | |
| Year of Election or Appointment: 2003 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Lynch is Vice Chairman and a Director of FMR and FMR Co., Inc. In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served on the Special Olympics International Board of Directors (1997-2006). |
David A. Rosow (1942) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Chairman and Chief Executive Officer of International Golf Group, Inc. (golf course development, 1989-present). Previously, Mr. Rosow served as Chairman and Chief Executive Officer of Rosow & Company, Inc. (private investment company, 1989-2011), a Lead Director of Hudson United Bancorp (2001-2006) and as a Director of TD Banknorth (1996-2006). In addition, Mr. Rosow is a member (2008- |
Garnett A. Smith (1947) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Prior to Mr. Smith's retirement, he served as Chairman and Chief Executive Officer of Inbrand Corp. (manufacturer of personal absorbent products, 1990-1997). He also served as President (1986-1990) of Inbrand Corp. Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank. In addition, Mr. Smith is a board member of the Jackson Hole Land Trust (2009-present). |
Kenneth B. Robins (1969) | |
| Year of Election or Appointment: 2008 President and Treasurer of Fidelity's Equity and High Income Funds. Mr. Robins also serves as President and Treasurer (2010-present) and Assistant Treasurer (2009-present) of other Fidelity funds and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Deputy Treasurer of the Fidelity funds (2005-2008) and Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2006-2008). |
Bruce T. Herring (1965) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013- |
Brian B. Hogan (1964) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006- |
Scott C. Goebel (1968) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008- |
William C. Coffey (1969) | |
| Year of Election or Appointment: 2009 Assistant Secretary of Fidelity's Equity and High Income Funds. Mr. Coffey also serves as Senior Vice President and Deputy General Counsel of FMR LLC (2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Vice President and Associate General Counsel of FMR LLC (2005-2009). |
Elizabeth Paige Baumann (1968) | |
| Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Baumann also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2012-present), Chief AML Officer of FMR LLC (2012-present), and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012). |
Christine Reynolds (1958) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (1968) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Compliance Officer of FMR, FMR Co., Inc., Fidelity Investments Money Management, Inc. (FIMM), Fidelity Research and Analysis Company (FRAC), Fidelity Management & Research (Japan) Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research (Hong Kong), and Strategic Advisers, Inc. (2009-present), as Senior Vice President of the Fidelity Asset Management Division (2009-present), and is an employee of Fidelity Investments. |
Joseph F. Zambello (1957) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (1967) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephen Sadoski (1971) | |
| Year of Election or Appointment: 2012 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Sadoski also serves as Deputy Treasurer of other Fidelity funds (2013-present) and is an employee of Fidelity Investments (2012-present). Previously, Mr. Sadoski served as Assistant Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2012-2013), an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche (1997-2009). |
Stacie Smith (1974) | |
| Year of Election or Appointment: 2013 Deputy Treasurer of Fidelity's Equity and High Income Funds. Ms. Smith is an employee of Fidelity Investments (2009-present). Previously, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009). |
Stephanie J. Dorsey (1969) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as President and Treasurer (2013-present) and Assistant Treasurer (2012-present) of other Fidelity funds and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Deputy Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013), Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (1958) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Mr. Hebble served as President and Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013). |
Gary W. Ryan (1958) | |
| Year of Election or Appointment: 2005 Assistant Treasurer of the Fidelity funds. Mr. Ryan is an employee of Fidelity Investments. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005). |
Jonathan Davis (1968) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
A total of 0.02% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.
Investor Class designates 100%, 98%, 98%, and 98%; and Fidelity Advantage Class designates 100%, 97%, 97%, and 97% of the dividends distributed in April, July, October, and December, respectively during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.
Investor Class and Fidelity Advantage Class designate 100% of the dividends distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Smithfield, RI
Transfer and Service Agents
Fidelity Investments Institutional
Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
The Fidelity Telephone
Connection
Mutual Fund 24-Hour Service
Exchanges/Redemptions
and Account Assistance 1-800-544-6666
Product Information 1-800-544-8888
Retirement Accounts 1-800-544-4774
(8 a.m. - 9 p.m.)
TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)
Fidelity Automated Service
Telephone (FAST®)
1-800-544-5555
Automated line for quickest service
(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
245 Summer St., Boston, MA 02210
www.fidelity.com
UEI-UANN-0413 1.790915.109
Spartan®
500 Index
Fund -
Institutional Class
Fidelity Advantage® Institutional Class
Annual Report
February 28, 2013
(Fidelity Cover Art)
Contents
Performance | How the fund has done over time. | |
Management's Discussion of Fund Performance | The Portfolio Manager's review of fund performance and strategy. | |
Shareholder Expense Example | An example of shareholder expenses. | |
Investment Changes | A summary of major shifts in the fund's investments over the past six months. | |
Investments | A complete list of the fund's investments with their market values. | |
Financial Statements | Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights. | |
Notes | Notes to the financial statements. | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2013 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the fund nor Fidelity Distributors Corporation is a bank.
Annual Report
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Institutional Class A | 13.42% | 4.93% | 8.19% |
Fidelity Advantage® Institutional Class B | 13.46% | 4.94% | 8.20% |
A The initial offering of Institutional Class shares took place on May 4, 2011. Returns between October 14, 2005 and May 4, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
B The initial offering of Fidelity Advantage® Institutional Class shares took place on May 4, 2011. Returns between October 14, 2005 and May 4, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan® 500 Index Fund - Institutional Class on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period. The initial offering of Institutional Class took place on May 4, 2011. See above for additional information regarding the performance of Institutional Class.
Annual Report
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® 500 Index Fund: For the year, the fund's Institutional Class and Fidelity Advantage® Institutional Class shares gained 13.42% and 13.46%, respectively, in line with the S&P 500® Index. Amid a strong backdrop for equities, all 10 sectors in the index generated positive performance. The fund's leading individual contributor in absolute terms was pharmaceutical maker Pfizer. Industrial conglomerate General Electric and Internet search leader Google both added value, as did several financials positions - insurance-focused conglomerate Berkshire Hathaway and global financial institutions JPMorgan Chase and Bank of America. Telecommunication services provider AT&T also helped. By far, the biggest individual detractor was personal electronics and computer manufacturer Apple, whose negative impact was magnified by the company's large representation in the benchmark. Several other notable technology stocks held back results, including microprocessor company Intel and software manufacturer Microsoft. In the energy sector, Occidental Petroleum and Apache saw their shares return -19% and roughly -31%, respectively, while Caterpillar, a manufacturer of construction equipment and other heavy machinery, further hampered results as well.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Annual Report
| Annualized | Beginning | Ending | Expenses Paid |
Investor Class | .095% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,088.90 | $ .49 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.32 | $ .48 |
Fidelity Advantage Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.30 | $ .31 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Institutional Class | .040% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.20 | $ .21 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.60 | $ .20 |
Fidelity Advantage Institutional Class | .020% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,089.50 | $ .10 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.70 | $ .10 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Annual Report
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 3.0 | 4.8 |
Exxon Mobil Corp. | 3.0 | 3.2 |
General Electric Co. | 1.8 | 1.7 |
Chevron Corp. | 1.7 | 1.7 |
IBM Corp. | 1.6 | 1.7 |
Google, Inc. Class A | 1.6 | 1.4 |
Johnson & Johnson | 1.5 | 1.4 |
Microsoft Corp. | 1.5 | 1.8 |
Procter & Gamble Co. | 1.5 | 1.4 |
AT&T, Inc. | 1.5 | 1.7 |
| 18.7 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Information Technology | 18.0 | 20.0 |
Financials | 15.7 | 14.2 |
Health Care | 12.1 | 11.7 |
Consumer Discretionary | 11.3 | 10.9 |
Energy | 11.0 | 11.1 |
Consumer Staples | 10.7 | 11.0 |
Industrials | 10.2 | 10.0 |
Materials | 3.4 | 3.3 |
Utilities | 3.4 | 3.5 |
Telecommunication Services | 3.0 | 3.2 |
Annual Report
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - 11.3% | |||
Auto Components - 0.3% | |||
BorgWarner, Inc. (a)(d) | 455,394 | $ 33,886 | |
Delphi Automotive PLC | 1,149,118 | 48,091 | |
Johnson Controls, Inc. | 2,660,675 | 83,731 | |
The Goodyear Tire & Rubber Co. (a) | 953,158 | 12,372 | |
| 178,080 | ||
Automobiles - 0.4% | |||
Ford Motor Co. | 14,835,160 | 187,071 | |
Harley-Davidson, Inc. | 880,376 | 46,334 | |
| 233,405 | ||
Distributors - 0.1% | |||
Genuine Parts Co. | 603,617 | 42,875 | |
Diversified Consumer Services - 0.1% | |||
Apollo Group, Inc. Class A (non-vtg.) (a)(d) | 389,270 | 6,567 | |
H&R Block, Inc. (d) | 1,055,608 | 26,242 | |
| 32,809 | ||
Hotels, Restaurants & Leisure - 1.8% | |||
Carnival Corp. unit | 1,734,866 | 62,056 | |
Chipotle Mexican Grill, Inc. (a)(d) | 122,551 | 38,823 | |
Darden Restaurants, Inc. (d) | 500,413 | 23,154 | |
International Game Technology | 1,035,401 | 16,504 | |
Marriott International, Inc. Class A | 957,663 | 37,780 | |
McDonald's Corp. | 3,906,500 | 374,633 | |
Starbucks Corp. | 2,893,365 | 158,614 | |
Starwood Hotels & Resorts Worldwide, Inc. (d) | 762,551 | 46,005 | |
Wyndham Worldwide Corp. | 545,782 | 32,878 | |
Wynn Resorts Ltd. (d) | 309,179 | 36,143 | |
Yum! Brands, Inc. (d) | 1,757,999 | 115,114 | |
| 941,704 | ||
Household Durables - 0.3% | |||
D.R. Horton, Inc. (d) | 1,086,532 | 24,230 | |
Garmin Ltd. (d) | 424,834 | 14,589 | |
Harman International Industries, Inc. | 263,936 | 11,204 | |
Leggett & Platt, Inc. (d) | 549,724 | 16,811 | |
Lennar Corp. Class A (d) | 638,752 | 24,649 | |
Newell Rubbermaid, Inc. | 1,119,060 | 26,119 | |
PulteGroup, Inc. (a)(d) | 1,322,792 | 25,371 | |
Whirlpool Corp. | 302,932 | 34,216 | |
| 177,189 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Internet & Catalog Retail - 1.1% | |||
Amazon.com, Inc. (a) | 1,409,980 | $ 372,615 | |
Expedia, Inc. | 362,095 | 23,116 | |
Netflix, Inc. (a)(d) | 216,131 | 40,650 | |
priceline.com, Inc. (a) | 194,026 | 133,408 | |
TripAdvisor, Inc. (a)(d) | 426,475 | 19,388 | |
| 589,177 | ||
Leisure Equipment & Products - 0.1% | |||
Hasbro, Inc. (d) | 449,938 | 18,007 | |
Mattel, Inc. (d) | 1,335,138 | 54,407 | |
| 72,414 | ||
Media - 3.4% | |||
Cablevision Systems Corp. - NY Group Class A | 839,618 | 11,746 | |
CBS Corp. Class B | 2,299,248 | 99,764 | |
Comcast Corp. Class A | 10,339,476 | 411,408 | |
DIRECTV (a) | 2,350,704 | 113,233 | |
Discovery Communications, Inc. (a)(d) | 929,399 | 68,153 | |
Gannett Co., Inc. | 894,106 | 17,945 | |
Interpublic Group of Companies, Inc. | 1,678,542 | 21,452 | |
News Corp. Class A | 7,845,463 | 225,949 | |
Omnicom Group, Inc. | 1,027,935 | 59,137 | |
Scripps Networks Interactive, Inc. Class A | 338,187 | 21,323 | |
The Walt Disney Co. (d) | 6,895,370 | 376,418 | |
Time Warner Cable, Inc. | 1,174,209 | 101,440 | |
Time Warner, Inc. | 3,684,248 | 195,891 | |
Viacom, Inc. Class B (non-vtg.) | 1,797,664 | 105,091 | |
Washington Post Co. Class B (d) | 17,512 | 6,979 | |
| 1,835,929 | ||
Multiline Retail - 0.8% | |||
Dollar General Corp. (a) | 1,021,755 | 47,348 | |
Dollar Tree, Inc. (a) | 884,064 | 39,946 | |
Family Dollar Stores, Inc. | 372,699 | 21,449 | |
J.C. Penney Co., Inc. (d) | 554,506 | 9,743 | |
Kohl's Corp. (d) | 823,375 | 37,958 | |
Macy's, Inc. | 1,538,028 | 63,213 | |
Nordstrom, Inc. (d) | 591,714 | 32,083 | |
Target Corp. (d) | 2,532,254 | 159,431 | |
| 411,171 | ||
Specialty Retail - 2.2% | |||
Abercrombie & Fitch Co. Class A | 309,581 | 14,436 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
AutoNation, Inc. (a) | 151,611 | $ 6,636 | |
AutoZone, Inc. (a)(d) | 143,703 | 54,629 | |
Bed Bath & Beyond, Inc. (a)(d) | 891,811 | 50,610 | |
Best Buy Co., Inc. (d) | 1,039,252 | 17,054 | |
CarMax, Inc. (a)(d) | 890,316 | 34,197 | |
GameStop Corp. Class A (d) | 471,514 | 11,816 | |
Gap, Inc. (d) | 1,156,566 | 38,074 | |
Home Depot, Inc. | 5,817,777 | 398,518 | |
Limited Brands, Inc. | 931,312 | 42,393 | |
Lowe's Companies, Inc. | 4,376,146 | 166,950 | |
O'Reilly Automotive, Inc. (a) | 445,997 | 45,376 | |
PetSmart, Inc. (d) | 418,188 | 27,228 | |
Ross Stores, Inc. | 865,289 | 50,152 | |
Staples, Inc. (d) | 2,622,092 | 34,559 | |
Tiffany & Co., Inc. (d) | 463,685 | 31,141 | |
TJX Companies, Inc. | 2,837,541 | 127,604 | |
Urban Outfitters, Inc. (a) | 425,808 | 17,254 | |
| 1,168,627 | ||
Textiles, Apparel & Luxury Goods - 0.7% | |||
Coach, Inc. | 1,103,843 | 53,349 | |
Fossil, Inc. (a)(d) | 210,189 | 21,601 | |
NIKE, Inc. Class B | 2,840,036 | 154,668 | |
PVH Corp. | 303,936 | 37,035 | |
Ralph Lauren Corp. | 238,500 | 41,373 | |
VF Corp. | 342,899 | 55,296 | |
| 363,322 | ||
TOTAL CONSUMER DISCRETIONARY | 6,046,702 | ||
CONSUMER STAPLES - 10.7% | |||
Beverages - 2.4% | |||
Beam, Inc. | 619,113 | 37,784 | |
Brown-Forman Corp. Class B (non-vtg.) | 589,736 | 38,698 | |
Coca-Cola Enterprises, Inc. | 1,049,900 | 37,565 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 589,274 | 26,069 | |
Crimson Wine Group Ltd. (a) | 7,708 | 62 | |
Dr. Pepper Snapple Group, Inc. | 809,769 | 35,322 | |
Molson Coors Brewing Co. Class B | 606,393 | 26,809 | |
Monster Beverage Corp. (a) | 580,120 | 29,255 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Beverages - continued | |||
PepsiCo, Inc. | 6,018,846 | $ 456,048 | |
The Coca-Cola Co. | 15,008,613 | 581,133 | |
| 1,268,745 | ||
Food & Staples Retailing - 2.3% | |||
Costco Wholesale Corp. | 1,682,572 | 170,428 | |
CVS Caremark Corp. | 4,850,912 | 247,979 | |
Kroger Co. | 1,999,209 | 58,397 | |
Safeway, Inc. (d) | 932,288 | 22,244 | |
Sysco Corp. (d) | 2,287,156 | 73,555 | |
Wal-Mart Stores, Inc. | 6,508,201 | 460,650 | |
Walgreen Co. | 3,342,740 | 136,852 | |
Whole Foods Market, Inc. | 671,350 | 57,481 | |
| 1,227,586 | ||
Food Products - 1.8% | |||
Archer Daniels Midland Co. | 2,562,495 | 81,641 | |
Campbell Soup Co. (d) | 697,339 | 28,702 | |
ConAgra Foods, Inc. | 1,585,716 | 54,089 | |
Dean Foods Co. (a) | 720,745 | 11,964 | |
General Mills, Inc. (d) | 2,510,583 | 116,114 | |
H.J. Heinz Co. | 1,247,688 | 90,370 | |
Hormel Foods Corp. (d) | 521,666 | 19,516 | |
Kellogg Co. | 962,285 | 58,218 | |
Kraft Foods Group, Inc. | 2,305,067 | 111,727 | |
McCormick & Co., Inc. (non-vtg.) (d) | 515,620 | 34,686 | |
Mead Johnson Nutrition Co. Class A | 789,967 | 59,176 | |
Mondelez International, Inc. | 6,914,692 | 191,191 | |
The Hershey Co. (d) | 581,885 | 48,494 | |
The J.M. Smucker Co. (d) | 422,037 | 40,220 | |
Tyson Foods, Inc. Class A | 1,116,778 | 25,317 | |
| 971,425 | ||
Household Products - 2.2% | |||
Clorox Co. (d) | 507,658 | 42,648 | |
Colgate-Palmolive Co. (d) | 1,728,132 | 197,750 | |
Kimberly-Clark Corp. | 1,522,503 | 143,542 | |
Procter & Gamble Co. | 10,638,960 | 810,476 | |
| 1,194,416 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Personal Products - 0.2% | |||
Avon Products, Inc. | 1,681,553 | $ 32,874 | |
Estee Lauder Companies, Inc. Class A | 934,085 | 59,875 | |
| 92,749 | ||
Tobacco - 1.8% | |||
Altria Group, Inc. | 7,879,737 | 264,365 | |
Lorillard, Inc. | 1,511,022 | 58,235 | |
Philip Morris International, Inc. | 6,500,162 | 596,390 | |
Reynolds American, Inc. | 1,261,432 | 55,099 | |
| 974,089 | ||
TOTAL CONSUMER STAPLES | 5,729,010 | ||
ENERGY - 11.0% | |||
Energy Equipment & Services - 1.9% | |||
Baker Hughes, Inc. (d) | 1,710,676 | 76,672 | |
Cameron International Corp. (a) | 959,970 | 61,169 | |
Diamond Offshore Drilling, Inc. (d) | 270,485 | 18,847 | |
Ensco PLC Class A | 903,830 | 54,356 | |
FMC Technologies, Inc. (a)(d) | 925,014 | 48,017 | |
Halliburton Co. | 3,610,819 | 149,885 | |
Helmerich & Payne, Inc. (d) | 411,390 | 27,259 | |
Nabors Industries Ltd. | 1,129,890 | 18,937 | |
National Oilwell Varco, Inc. | 1,661,099 | 113,171 | |
Noble Corp. | 983,340 | 35,223 | |
Rowan Companies PLC (a)(d) | 483,242 | 16,715 | |
Schlumberger Ltd. | 5,165,607 | 402,143 | |
| 1,022,394 | ||
Oil, Gas & Consumable Fuels - 9.1% | |||
Anadarko Petroleum Corp. | 1,944,574 | 154,749 | |
Apache Corp. | 1,522,495 | 113,076 | |
Cabot Oil & Gas Corp. | 816,485 | 50,598 | |
Chesapeake Energy Corp. (d) | 2,017,227 | 40,667 | |
Chevron Corp. | 7,615,439 | 892,149 | |
ConocoPhillips (d) | 4,723,294 | 273,715 | |
CONSOL Energy, Inc. (d) | 886,302 | 28,495 | |
Denbury Resources, Inc. (a)(d) | 1,505,812 | 27,285 | |
Devon Energy Corp. | 1,465,555 | 79,521 | |
EOG Resources, Inc. | 1,054,004 | 132,499 | |
EQT Corp. | 582,149 | 36,728 | |
Exxon Mobil Corp. | 17,740,514 | 1,588,663 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Hess Corp. (d) | 1,156,202 | $ 76,887 | |
Kinder Morgan Holding Co. LLC | 2,460,662 | 91,217 | |
Marathon Oil Corp. (d) | 2,748,685 | 92,081 | |
Marathon Petroleum Corp. | 1,319,769 | 109,382 | |
Murphy Oil Corp. | 718,366 | 43,734 | |
Newfield Exploration Co. (a)(d) | 526,161 | 12,165 | |
Noble Energy, Inc. | 692,179 | 76,714 | |
Occidental Petroleum Corp. | 3,152,445 | 259,541 | |
Peabody Energy Corp. | 1,044,297 | 22,515 | |
Phillips 66 | 2,435,027 | 153,309 | |
Pioneer Natural Resources Co. (d) | 514,518 | 64,732 | |
QEP Resources, Inc. | 693,057 | 21,111 | |
Range Resources Corp. (d) | 632,792 | 48,598 | |
Southwestern Energy Co. (a)(d) | 1,359,651 | 46,595 | |
Spectra Energy Corp. | 2,590,719 | 75,234 | |
Tesoro Corp. | 546,437 | 30,732 | |
The Williams Companies, Inc. | 2,621,877 | 91,005 | |
Valero Energy Corp. (d) | 2,153,838 | 98,193 | |
WPX Energy, Inc. (a)(d) | 775,053 | 10,998 | |
| 4,842,888 | ||
TOTAL ENERGY | 5,865,282 | ||
FINANCIALS - 15.7% | |||
Capital Markets - 2.1% | |||
Ameriprise Financial, Inc. (d) | 800,836 | 54,961 | |
Bank of New York Mellon Corp. | 4,547,077 | 123,408 | |
BlackRock, Inc. Class A | 488,157 | 117,036 | |
Charles Schwab Corp. (d) | 4,266,836 | 69,293 | |
E*TRADE Financial Corp. (a)(d) | 1,001,749 | 10,729 | |
Franklin Resources, Inc. | 536,926 | 75,841 | |
Goldman Sachs Group, Inc. | 1,718,850 | 257,415 | |
Invesco Ltd. | 1,727,779 | 46,287 | |
Legg Mason, Inc. | 456,123 | 13,000 | |
Morgan Stanley | 5,377,489 | 121,262 | |
Northern Trust Corp. | 849,088 | 45,146 | |
State Street Corp. (d) | 1,808,579 | 102,347 | |
T. Rowe Price Group, Inc. | 991,686 | 70,598 | |
| 1,107,323 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Commercial Banks - 2.7% | |||
BB&T Corp. | 2,722,320 | $ 82,650 | |
Comerica, Inc. | 740,632 | 25,463 | |
Fifth Third Bancorp | 3,492,066 | 55,314 | |
First Horizon National Corp. | 961,604 | 10,222 | |
Huntington Bancshares, Inc. | 3,328,712 | 23,401 | |
KeyCorp | 3,632,839 | 34,112 | |
M&T Bank Corp. | 473,171 | 48,306 | |
PNC Financial Services Group, Inc. | 2,057,818 | 128,387 | |
Regions Financial Corp. | 5,498,028 | 42,060 | |
SunTrust Banks, Inc. | 2,096,597 | 57,845 | |
U.S. Bancorp | 7,316,569 | 248,617 | |
Wells Fargo & Co. | 19,049,574 | 668,259 | |
Zions Bancorporation (d) | 716,655 | 17,300 | |
| 1,441,936 | ||
Consumer Finance - 0.9% | |||
American Express Co. (d) | 3,788,240 | 235,439 | |
Capital One Financial Corp. | 2,263,346 | 115,499 | |
Discover Financial Services | 1,964,096 | 75,677 | |
SLM Corp. | 1,798,273 | 34,113 | |
| 460,728 | ||
Diversified Financial Services - 3.7% | |||
Bank of America Corp. | 41,937,762 | 470,961 | |
Citigroup, Inc. | 11,410,511 | 478,899 | |
CME Group, Inc. | 1,193,443 | 71,392 | |
IntercontinentalExchange, Inc. (a)(d) | 282,951 | 43,806 | |
JPMorgan Chase & Co. | 14,791,348 | 723,593 | |
Leucadia National Corp. (d) | 1,141,334 | 30,702 | |
McGraw-Hill Companies, Inc. (d) | 1,080,537 | 50,299 | |
Moody's Corp. (d) | 754,559 | 36,264 | |
NYSE Euronext | 945,520 | 35,249 | |
The NASDAQ Stock Market, Inc. | 455,659 | 14,426 | |
| 1,955,591 | ||
Insurance - 4.1% | |||
ACE Ltd. | 1,322,200 | 112,903 | |
AFLAC, Inc. | 1,824,529 | 91,135 | |
Allstate Corp. | 1,874,610 | 86,270 | |
American International Group, Inc. (a) | 5,744,338 | 218,342 | |
Aon PLC | 1,239,941 | 75,748 | |
Assurant, Inc. | 306,256 | 12,860 | |
Berkshire Hathaway, Inc. Class B (a) | 7,097,444 | 725,075 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Cincinnati Financial Corp. (d) | 569,713 | $ 25,643 | |
Genworth Financial, Inc. Class A (a) | 1,913,731 | 16,343 | |
Hartford Financial Services Group, Inc. (d) | 1,697,685 | 40,082 | |
Lincoln National Corp. (d) | 1,070,094 | 31,611 | |
Loews Corp. | 1,209,897 | 52,159 | |
Marsh & McLennan Companies, Inc. | 2,118,223 | 78,671 | |
MetLife, Inc. | 4,245,278 | 150,453 | |
Principal Financial Group, Inc. | 1,073,812 | 33,943 | |
Progressive Corp. (d) | 2,164,847 | 52,736 | |
Prudential Financial, Inc. | 1,805,434 | 100,328 | |
The Chubb Corp. | 1,019,230 | 85,646 | |
The Travelers Companies, Inc. | 1,484,229 | 119,362 | |
Torchmark Corp. (d) | 369,374 | 20,755 | |
Unum Group (d) | 1,070,511 | 26,195 | |
XL Group PLC Class A | 1,169,660 | 33,499 | |
| 2,189,759 | ||
Real Estate Investment Trusts - 2.1% | |||
American Tower Corp. | 1,538,328 | 119,374 | |
Apartment Investment & Management Co. Class A | 566,320 | 16,774 | |
AvalonBay Communities, Inc. (d) | 445,060 | 55,557 | |
Boston Properties, Inc. (d) | 587,010 | 60,979 | |
Equity Residential (SBI) (d) | 1,251,891 | 68,904 | |
HCP, Inc. (d) | 1,758,999 | 85,980 | |
Health Care REIT, Inc. (d) | 1,010,430 | 64,809 | |
Host Hotels & Resorts, Inc. (d) | 2,820,020 | 47,010 | |
Kimco Realty Corp. (d) | 1,586,071 | 34,529 | |
Plum Creek Timber Co., Inc. (d) | 628,699 | 30,492 | |
Prologis, Inc. (d) | 1,793,411 | 69,835 | |
Public Storage | 561,028 | 84,833 | |
Simon Property Group, Inc. | 1,203,684 | 191,217 | |
Ventas, Inc. | 1,150,012 | 81,398 | |
Vornado Realty Trust (d) | 659,101 | 52,866 | |
Weyerhaeuser Co. | 2,107,114 | 61,970 | |
| 1,126,527 | ||
Real Estate Management & Development - 0.0% | |||
CBRE Group, Inc. (a) | 1,173,929 | 28,374 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - 0.1% | |||
Hudson City Bancorp, Inc. | 1,849,692 | $ 15,759 | |
People's United Financial, Inc. | 1,352,634 | 17,720 | |
| 33,479 | ||
TOTAL FINANCIALS | 8,343,717 | ||
HEALTH CARE - 12.1% | |||
Biotechnology - 1.7% | |||
Alexion Pharmaceuticals, Inc. (a) | 755,972 | 65,573 | |
Amgen, Inc. | 2,985,796 | 272,932 | |
Biogen Idec, Inc. (a) | 920,605 | 153,133 | |
Celgene Corp. (a) | 1,645,853 | 169,819 | |
Gilead Sciences, Inc. (a)(d) | 5,896,052 | 251,820 | |
| 913,277 | ||
Health Care Equipment & Supplies - 2.2% | |||
Abbott Laboratories | 6,150,417 | 207,823 | |
Baxter International, Inc. | 2,137,642 | 144,505 | |
Becton, Dickinson & Co. | 766,368 | 67,486 | |
Boston Scientific Corp. (a) | 5,342,315 | 39,480 | |
C.R. Bard, Inc. (d) | 297,858 | 29,443 | |
CareFusion Corp. (a) | 863,482 | 28,270 | |
Covidien PLC | 1,841,968 | 117,094 | |
DENTSPLY International, Inc. (d) | 552,250 | 22,874 | |
Edwards Lifesciences Corp. (a)(d) | 449,066 | 38,588 | |
Intuitive Surgical, Inc. (a)(d) | 154,719 | 78,890 | |
Medtronic, Inc. | 3,935,218 | 176,927 | |
St. Jude Medical, Inc. (d) | 1,199,125 | 49,164 | |
Stryker Corp. (d) | 1,124,321 | 71,822 | |
Varian Medical Systems, Inc. (a)(d) | 425,690 | 30,066 | |
Zimmer Holdings, Inc. (d) | 675,101 | 50,606 | |
| 1,153,038 | ||
Health Care Providers & Services - 1.9% | |||
Aetna, Inc. (d) | 1,301,893 | 61,436 | |
AmerisourceBergen Corp. (d) | 916,243 | 43,247 | |
Cardinal Health, Inc. | 1,322,084 | 61,094 | |
CIGNA Corp. | 1,112,404 | 65,031 | |
Coventry Health Care, Inc. | 523,355 | 23,739 | |
DaVita, Inc. (a) | 326,161 | 39,015 | |
Express Scripts Holding Co. (a) | 3,176,633 | 180,782 | |
Humana, Inc. | 615,653 | 42,024 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Laboratory Corp. of America Holdings (a)(d) | 368,090 | $ 32,613 | |
McKesson Corp. | 918,438 | 97,474 | |
Patterson Companies, Inc. | 325,478 | 11,828 | |
Quest Diagnostics, Inc. (d) | 618,548 | 34,744 | |
Tenet Healthcare Corp. (a) | 414,297 | 16,286 | |
UnitedHealth Group, Inc. | 3,974,654 | 212,445 | |
WellPoint, Inc. | 1,181,529 | 73,467 | |
| 995,225 | ||
Health Care Technology - 0.1% | |||
Cerner Corp. (a)(d) | 567,426 | 49,627 | |
Life Sciences Tools & Services - 0.4% | |||
Agilent Technologies, Inc. | 1,355,800 | 56,239 | |
Life Technologies Corp. (a) | 669,479 | 38,917 | |
PerkinElmer, Inc. | 446,612 | 15,261 | |
Thermo Fisher Scientific, Inc. | 1,401,606 | 103,439 | |
Waters Corp. (a)(d) | 338,341 | 31,371 | |
| 245,227 | ||
Pharmaceuticals - 5.8% | |||
AbbVie, Inc. | 6,150,417 | 227,073 | |
Actavis, Inc. (a) | 497,107 | 42,334 | |
Allergan, Inc. | 1,196,625 | 129,738 | |
Bristol-Myers Squibb Co. | 6,422,871 | 237,454 | |
Eli Lilly & Co. | 3,973,508 | 217,192 | |
Forest Laboratories, Inc. (a) | 910,876 | 33,520 | |
Hospira, Inc. (a)(d) | 642,875 | 18,920 | |
Johnson & Johnson | 10,783,048 | 820,698 | |
Merck & Co., Inc. | 11,828,993 | 505,453 | |
Mylan, Inc. (a)(d) | 1,585,701 | 46,953 | |
Perrigo Co. | 343,374 | 38,860 | |
Pfizer, Inc. | 28,647,954 | 784,095 | |
| 3,102,290 | ||
TOTAL HEALTH CARE | 6,458,684 | ||
INDUSTRIALS - 10.2% | |||
Aerospace & Defense - 2.3% | |||
General Dynamics Corp. | 1,291,376 | 87,775 | |
Honeywell International, Inc. | 3,048,119 | 213,673 | |
L-3 Communications Holdings, Inc. | 365,986 | 27,914 | |
Lockheed Martin Corp. | 1,045,041 | 91,964 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Aerospace & Defense - continued | |||
Northrop Grumman Corp. | 955,029 | $ 62,726 | |
Precision Castparts Corp. | 566,292 | 105,664 | |
Raytheon Co. | 1,283,519 | 70,042 | |
Rockwell Collins, Inc. (d) | 545,573 | 32,794 | |
Textron, Inc. (d) | 1,096,592 | 31,637 | |
The Boeing Co. | 2,640,720 | 203,071 | |
United Technologies Corp. | 3,280,994 | 297,094 | |
| 1,224,354 | ||
Air Freight & Logistics - 0.8% | |||
C.H. Robinson Worldwide, Inc. | 627,202 | 35,763 | |
Expeditors International of Washington, Inc. (d) | 813,154 | 31,591 | |
FedEx Corp. | 1,136,581 | 119,830 | |
United Parcel Service, Inc. Class B (d) | 2,784,059 | 230,102 | |
| 417,286 | ||
Airlines - 0.1% | |||
Southwest Airlines Co. | 2,871,495 | 33,596 | |
Building Products - 0.0% | |||
Masco Corp. (d) | 1,389,486 | 26,762 | |
Commercial Services & Supplies - 0.6% | |||
ADT Corp. (d) | 904,538 | 43,318 | |
Avery Dennison Corp. | 387,519 | 15,830 | |
Cintas Corp. (d) | 413,100 | 18,135 | |
Iron Mountain, Inc. (d) | 649,057 | 22,392 | |
Pitney Bowes, Inc. (d) | 781,131 | 10,233 | |
Republic Services, Inc. | 1,163,637 | 36,585 | |
Stericycle, Inc. (a)(d) | 334,199 | 32,056 | |
Tyco International Ltd. | 1,812,117 | 58,006 | |
Waste Management, Inc. | 1,696,740 | 63,322 | |
| 299,877 | ||
Construction & Engineering - 0.2% | |||
Fluor Corp. | 647,892 | 40,105 | |
Jacobs Engineering Group, Inc. (a)(d) | 506,133 | 24,720 | |
Quanta Services, Inc. (a)(d) | 829,406 | 23,555 | |
| 88,380 | ||
Electrical Equipment - 0.7% | |||
Eaton Corp. PLC | 1,796,751 | 111,345 | |
Emerson Electric Co. | 2,817,641 | 159,760 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Rockwell Automation, Inc. | 542,055 | $ 48,969 | |
Roper Industries, Inc. | 382,839 | 47,706 | |
| 367,780 | ||
Industrial Conglomerates - 2.5% | |||
3M Co. | 2,476,935 | 257,601 | |
Danaher Corp. (d) | 2,264,023 | 139,464 | |
General Electric Co. | 40,802,448 | 947,433 | |
| 1,344,498 | ||
Machinery - 1.9% | |||
Caterpillar, Inc. (d) | 2,544,473 | 235,033 | |
Cummins, Inc. | 687,783 | 79,693 | |
Deere & Co. (d) | 1,523,986 | 133,852 | |
Dover Corp. (d) | 696,536 | 51,091 | |
Flowserve Corp. | 194,489 | 31,215 | |
Illinois Tool Works, Inc. (d) | 1,659,028 | 102,030 | |
Ingersoll-Rand PLC | 1,089,221 | 57,347 | |
Joy Global, Inc. | 411,973 | 26,094 | |
PACCAR, Inc. (d) | 1,373,652 | 65,152 | |
Pall Corp. | 432,258 | 29,471 | |
Parker Hannifin Corp. (d) | 580,468 | 54,843 | |
Pentair Ltd. (d) | 818,251 | 43,588 | |
Snap-On, Inc. | 226,578 | 18,187 | |
Stanley Black & Decker, Inc. | 656,751 | 51,686 | |
Xylem, Inc. | 722,929 | 19,881 | |
| 999,163 | ||
Professional Services - 0.1% | |||
Dun & Bradstreet Corp. (d) | 173,405 | 13,976 | |
Equifax, Inc. | 465,359 | 25,651 | |
Robert Half International, Inc. | 547,619 | 19,468 | |
| 59,095 | ||
Road & Rail - 0.8% | |||
CSX Corp. | 4,013,116 | 92,061 | |
Norfolk Southern Corp. (d) | 1,229,731 | 89,832 | |
Ryder System, Inc. | 198,878 | 11,177 | |
Union Pacific Corp. | 1,830,326 | 250,956 | |
| 444,026 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. (d) | 1,049,226 | $ 54,172 | |
W.W. Grainger, Inc. (d) | 232,549 | 52,663 | |
| 106,835 | ||
TOTAL INDUSTRIALS | 5,411,652 | ||
INFORMATION TECHNOLOGY - 18.0% | |||
Communications Equipment - 1.9% | |||
Cisco Systems, Inc. | 20,658,413 | 430,728 | |
F5 Networks, Inc. (a)(d) | 307,586 | 29,045 | |
Harris Corp. | 441,869 | 21,241 | |
JDS Uniphase Corp. (a) | 910,309 | 12,890 | |
Juniper Networks, Inc. (a) | 2,006,115 | 41,486 | |
Motorola Solutions, Inc. | 1,091,431 | 67,898 | |
QUALCOMM, Inc. | 6,630,418 | 435,154 | |
| 1,038,442 | ||
Computers & Peripherals - 4.1% | |||
Apple, Inc. | 3,660,256 | 1,615,642 | |
Dell, Inc. | 5,678,203 | 79,211 | |
EMC Corp. (a) | 8,197,046 | 188,614 | |
Hewlett-Packard Co. | 7,650,380 | 154,079 | |
NetApp, Inc. (a) | 1,394,090 | 47,162 | |
SanDisk Corp. (a) | 940,808 | 47,407 | |
Seagate Technology (d) | 1,307,266 | 42,042 | |
Western Digital Corp. | 853,076 | 40,231 | |
| 2,214,388 | ||
Electronic Equipment & Components - 0.4% | |||
Amphenol Corp. Class A | 623,894 | 44,209 | |
Corning, Inc. | 5,750,315 | 72,511 | |
FLIR Systems, Inc. (d) | 583,755 | 15,376 | |
Jabil Circuit, Inc. | 727,846 | 13,633 | |
Molex, Inc. (d) | 537,594 | 14,897 | |
TE Connectivity Ltd. | 1,644,242 | 65,983 | |
| 226,609 | ||
Internet Software & Services - 2.3% | |||
Akamai Technologies, Inc. (a)(d) | 690,532 | 25,522 | |
eBay, Inc. (a) | 4,531,435 | 247,779 | |
Google, Inc. Class A (a) | 1,035,640 | 829,755 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
VeriSign, Inc. (a)(d) | 604,109 | $ 27,668 | |
Yahoo!, Inc. (a) | 4,049,644 | 86,298 | |
| 1,217,022 | ||
IT Services - 3.8% | |||
Accenture PLC Class A (d) | 2,484,508 | 184,748 | |
Automatic Data Processing, Inc. | 1,888,991 | 115,908 | |
Cognizant Technology Solutions Corp. Class A (a) | 1,168,054 | 89,672 | |
Computer Sciences Corp. | 604,544 | 29,036 | |
Fidelity National Information Services, Inc. | 969,714 | 36,510 | |
Fiserv, Inc. (a)(d) | 519,346 | 42,644 | |
IBM Corp. | 4,132,797 | 829,990 | |
MasterCard, Inc. Class A | 415,812 | 215,316 | |
Paychex, Inc. (d) | 1,258,653 | 41,661 | |
SAIC, Inc. (d) | 1,104,089 | 13,050 | |
Teradata Corp. (a)(d) | 657,974 | 38,202 | |
The Western Union Co. | 2,321,303 | 32,568 | |
Total System Services, Inc. | 625,213 | 14,855 | |
Visa, Inc. Class A | 2,028,464 | 321,796 | |
| 2,005,956 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 4,916,881 | 39,876 | |
Semiconductors & Semiconductor Equipment - 2.0% | |||
Advanced Micro Devices, Inc. (a)(d) | 2,354,675 | 5,863 | |
Altera Corp. (d) | 1,247,357 | 44,181 | |
Analog Devices, Inc. | 1,172,596 | 53,025 | |
Applied Materials, Inc. | 4,660,124 | 63,844 | |
Broadcom Corp. Class A | 2,018,975 | 68,867 | |
First Solar, Inc. (a)(d) | 233,654 | 6,040 | |
Intel Corp. (d) | 19,361,736 | 403,692 | |
KLA-Tencor Corp. | 647,918 | 35,480 | |
Lam Research Corp. (a) | 631,696 | 26,721 | |
Linear Technology Corp. (d) | 900,356 | 34,430 | |
LSI Corp. (a) | 2,153,324 | 14,987 | |
Microchip Technology, Inc. (d) | 757,213 | 27,616 | |
Micron Technology, Inc. (a)(d) | 3,959,355 | 33,219 | |
NVIDIA Corp. | 2,431,310 | 30,780 | |
Teradyne, Inc. (a)(d) | 730,936 | 12,250 | |
Texas Instruments, Inc. (d) | 4,361,072 | 149,890 | |
Xilinx, Inc. | 1,015,258 | 37,839 | |
| 1,048,724 | ||
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Software - 3.4% | |||
Adobe Systems, Inc. (a) | 1,926,270 | $ 75,702 | |
Autodesk, Inc. (a) | 874,312 | 32,105 | |
BMC Software, Inc. (a)(d) | 511,506 | 20,496 | |
CA Technologies, Inc. | 1,304,581 | 31,949 | |
Citrix Systems, Inc. (a) | 726,516 | 51,510 | |
Electronic Arts, Inc. (a)(d) | 1,187,288 | 20,813 | |
Intuit, Inc. | 1,082,837 | 69,821 | |
Microsoft Corp. | 29,473,792 | 819,371 | |
Oracle Corp. | 14,625,828 | 501,081 | |
Red Hat, Inc. (a) | 752,233 | 38,221 | |
salesforce.com, Inc. (a)(d) | 508,323 | 86,018 | |
Symantec Corp. (a) | 2,699,989 | 63,288 | |
| 1,810,375 | ||
TOTAL INFORMATION TECHNOLOGY | 9,601,392 | ||
MATERIALS - 3.4% | |||
Chemicals - 2.4% | |||
Air Products & Chemicals, Inc. (d) | 828,205 | 71,507 | |
Airgas, Inc. | 273,507 | 27,427 | |
CF Industries Holdings, Inc. | 244,634 | 49,130 | |
E.I. du Pont de Nemours & Co. (d) | 3,628,267 | 173,794 | |
Eastman Chemical Co. | 596,755 | 41,612 | |
Ecolab, Inc. | 1,025,740 | 78,520 | |
FMC Corp. | 534,604 | 32,215 | |
International Flavors & Fragrances, Inc. | 317,376 | 23,162 | |
LyondellBasell Industries NV Class A | 1,477,107 | 86,588 | |
Monsanto Co. | 2,080,134 | 210,156 | |
PPG Industries, Inc. | 555,836 | 74,849 | |
Praxair, Inc. | 1,156,124 | 130,700 | |
Sherwin-Williams Co. | 332,989 | 53,808 | |
Sigma Aldrich Corp. | 468,192 | 36,079 | |
The Dow Chemical Co. | 4,666,241 | 148,013 | |
The Mosaic Co. | 1,076,550 | 63,021 | |
| 1,300,581 | ||
Construction Materials - 0.1% | |||
Vulcan Materials Co. | 504,260 | 25,682 | |
Containers & Packaging - 0.1% | |||
Ball Corp. | 598,642 | 26,586 | |
Bemis Co., Inc. (d) | 401,903 | 15,007 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
MATERIALS - continued | |||
Containers & Packaging - continued | |||
Owens-Illinois, Inc. (a) | 640,190 | $ 16,325 | |
Sealed Air Corp. | 756,859 | 16,810 | |
| 74,728 | ||
Metals & Mining - 0.6% | |||
Alcoa, Inc. (d) | 4,152,509 | 35,379 | |
Allegheny Technologies, Inc. (d) | 417,569 | 12,723 | |
Cliffs Natural Resources, Inc. (d) | 589,474 | 15,008 | |
Freeport-McMoRan Copper & Gold, Inc. | 3,693,823 | 117,907 | |
Newmont Mining Corp. | 1,931,636 | 77,826 | |
Nucor Corp. (d) | 1,235,938 | 55,679 | |
United States Steel Corp. (d) | 561,401 | 11,700 | |
| 326,222 | ||
Paper & Forest Products - 0.2% | |||
International Paper Co. | 1,708,725 | 75,201 | |
MeadWestvaco Corp. | 680,155 | 24,288 | |
| 99,489 | ||
TOTAL MATERIALS | 1,826,702 | ||
TELECOMMUNICATION SERVICES - 3.0% | |||
Diversified Telecommunication Services - 2.7% | |||
AT&T, Inc. (d) | 22,101,017 | 793,648 | |
CenturyLink, Inc. (d) | 2,429,027 | 84,214 | |
Frontier Communications Corp. (d) | 3,884,974 | 16,084 | |
Verizon Communications, Inc. (d) | 11,104,672 | 516,700 | |
Windstream Corp. (d) | 2,288,415 | 19,657 | |
| 1,430,303 | ||
Wireless Telecommunication Services - 0.3% | |||
Crown Castle International Corp. (a) | 1,140,689 | 79,620 | |
MetroPCS Communications, Inc. (a) | 1,232,558 | 12,079 | |
Sprint Nextel Corp. (a) | 11,691,025 | 67,808 | |
| 159,507 | ||
TOTAL TELECOMMUNICATION SERVICES | 1,589,810 | ||
UTILITIES - 3.4% | |||
Electric Utilities - 2.0% | |||
American Electric Power Co., Inc. | 1,888,115 | 88,345 | |
Duke Energy Corp. (d) | 2,740,231 | 189,761 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
UTILITIES - continued | |||
Electric Utilities - continued | |||
Edison International | 1,267,739 | $ 60,890 | |
Entergy Corp. (d) | 691,564 | 43,057 | |
Exelon Corp. (d) | 3,324,035 | 103,012 | |
FirstEnergy Corp. | 1,627,288 | 64,245 | |
NextEra Energy, Inc. | 1,646,704 | 118,349 | |
Northeast Utilities | 1,221,559 | 50,707 | |
Pepco Holdings, Inc. | 892,880 | 18,117 | |
Pinnacle West Capital Corp. | 426,845 | 23,878 | |
PPL Corp. | 2,263,432 | 69,759 | |
Southern Co. | 3,401,168 | 153,087 | |
Xcel Energy, Inc. | 1,897,342 | 54,454 | |
| 1,037,661 | ||
Gas Utilities - 0.1% | |||
AGL Resources, Inc. | 458,293 | 18,313 | |
ONEOK, Inc. | 796,154 | 35,819 | |
| 54,132 | ||
Independent Power Producers & Energy Traders - 0.1% | |||
NRG Energy, Inc. | 1,254,015 | 30,096 | |
The AES Corp. | 2,402,659 | 27,919 | |
| 58,015 | ||
Multi-Utilities - 1.2% | |||
Ameren Corp. | 944,098 | 31,901 | |
CenterPoint Energy, Inc. | 1,663,188 | 35,642 | |
CMS Energy Corp. | 1,026,869 | 27,325 | |
Consolidated Edison, Inc. (d) | 1,139,576 | 67,235 | |
Dominion Resources, Inc. | 2,235,821 | 125,206 | |
DTE Energy Co. | 669,540 | 44,725 | |
Integrys Energy Group, Inc. | 303,138 | 17,149 | |
NiSource, Inc. | 1,205,266 | 33,386 | |
PG&E Corp. (d) | 1,673,078 | 71,340 | |
Public Service Enterprise Group, Inc. | 1,968,536 | 64,155 | |
SCANA Corp. | 512,811 | 25,046 | |
Sempra Energy | 875,178 | 68,054 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
UTILITIES - continued | |||
Multi-Utilities - continued | |||
TECO Energy, Inc. | 792,166 | $ 13,665 | |
Wisconsin Energy Corp. (d) | 895,207 | 36,972 | |
| 661,801 | ||
TOTAL UTILITIES | 1,811,609 | ||
TOTAL COMMON STOCKS (Cost $34,996,908) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal Amount (000s) |
| ||
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.15% 4/11/13 to 8/22/13 (e) | $ 53,000 |
|
Money Market Funds - 6.4% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 505,695,578 | 505,696 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 2,899,405,121 | 2,899,405 | |
TOTAL MONEY MARKET FUNDS (Cost $3,405,101) |
| ||
TOTAL INVESTMENT PORTFOLIO - 105.3% (Cost $38,454,993) | 56,142,645 | ||
NET OTHER ASSETS (LIABILITIES) - (5.3)% | (2,826,794) | ||
NET ASSETS - 100% | $ 53,315,851 |
Futures Contracts | |||||
Expiration Date | Underlying Face | Unrealized Appreciation/ | |||
Purchased | |||||
Equity Index Contracts | |||||
860 CME S&P 500 Index Contracts | March 2013 | $ 325,360 | $ 551 | ||
4,077 CME E-mini S&P 500 Index Contracts | March 2013 | 308,486 | 11,105 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 633,846 | $ 11,656 |
|
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $33,422,000. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 860 |
Fidelity Securities Lending Cash Central Fund | 6,389 |
Total | $ 7,249 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 6,046,702 | $ 6,046,702 | $ - | $ - |
Consumer Staples | 5,729,010 | 5,729,010 | - | - |
Energy | 5,865,282 | 5,865,282 | - | - |
Financials | 8,343,717 | 8,343,717 | - | - |
Health Care | 6,458,684 | 6,458,684 | - | - |
Industrials | 5,411,652 | 5,411,652 | - | - |
Information Technology | 9,601,392 | 9,601,392 | - | - |
Materials | 1,826,702 | 1,826,702 | - | - |
Telecommunication Services | 1,589,810 | 1,589,810 | - | - |
Utilities | 1,811,609 | 1,811,609 | - | - |
U.S. Government and Government Agency Obligations | 52,984 | - | 52,984 | - |
Money Market Funds | 3,405,101 | 3,405,101 | - | - |
Total Investments in Securities: | $ 56,142,645 | $ 56,089,661 | $ 52,984 | $ - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 11,656 | $ 11,656 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Primary Risk Exposure / | Value (000s) | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 11,656 | $ - |
Total Value of Derivatives | $ 11,656 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Statements
Statement of Assets and Liabilities
Amounts in thousands (except per-share amounts) | February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $2,830,863) - See accompanying schedule: Unaffiliated issuers (cost $35,049,892) | $ 52,737,544 |
|
Fidelity Central Funds (cost $3,405,101) | 3,405,101 |
|
Total Investments (cost $38,454,993) |
| $ 56,142,645 |
Receivable for investments sold | 504 | |
Receivable for fund shares sold | 50,173 | |
Dividends receivable | 130,276 | |
Distributions receivable from Fidelity Central Funds | 517 | |
Receivable from investment adviser for expense reductions | 751 | |
Other receivables | 1,175 | |
Total assets | 56,326,041 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 9,960 | |
Payable for fund shares redeemed | 95,653 | |
Accrued management fee | 1,106 | |
Payable for daily variation margin on futures contracts | 1,159 | |
Other affiliated payables | 1,749 | |
Other payables and accrued expenses | 1,158 | |
Collateral on securities loaned, at value | 2,899,405 | |
Total liabilities | 3,010,190 | |
|
|
|
Net Assets | $ 53,315,851 | |
Net Assets consist of: |
| |
Paid in capital | $ 36,968,469 | |
Undistributed net investment income | 191,536 | |
Accumulated undistributed net realized gain (loss) on investments | (1,543,462) | |
Net unrealized appreciation (depreciation) on investments | 17,699,308 | |
Net Assets | $ 53,315,851 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Statements - continued
Statement of Assets and Liabilities - continued
Amounts in thousands (except per-share amounts) | February 28, 2013 | |
|
|
|
Investor Class: | $ 53.81 | |
|
|
|
Fidelity Advantage Class: | $ 53.82 | |
|
|
|
Institutional Class: | $ 53.82 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 53.83 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
Amounts in thousands | Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 1,096,817 |
Interest |
| 42 |
Income from Fidelity Central Funds |
| 7,249 |
Total income |
| 1,104,108 |
|
|
|
Expenses | ||
Management fee | $ 11,968 | |
Transfer agent fees | 20,687 | |
Independent trustees' compensation | 313 | |
Miscellaneous | 122 | |
Total expenses before reductions | 33,090 | |
Expense reductions | (5,045) | 28,045 |
Net investment income (loss) | 1,076,063 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 735,222 | |
Futures contracts | 81,216 | |
Total net realized gain (loss) |
| 816,438 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 4,306,013 | |
Futures contracts | (15,585) | |
Total change in net unrealized appreciation (depreciation) |
| 4,290,428 |
Net gain (loss) | 5,106,866 | |
Net increase (decrease) in net assets resulting from operations | $ 6,182,929 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Statements - continued
Statement of Changes in Net Assets
Amounts in thousands | Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 1,076,063 | $ 842,018 |
Net realized gain (loss) | 816,438 | 346,325 |
Change in net unrealized appreciation (depreciation) | 4,290,428 | 947,325 |
Net increase (decrease) in net assets resulting | 6,182,929 | 2,135,668 |
Distributions to shareholders from net investment income | (1,030,033) | (823,248) |
Share transactions - net increase (decrease) | 3,180,920 | 194,063 |
Total increase (decrease) in net assets | 8,333,816 | 1,506,483 |
|
|
|
Net Assets | ||
Beginning of period | 44,982,035 | 43,475,552 |
End of period (including undistributed net investment income of $191,536 and undistributed net investment income of $145,444, respectively) | $ 53,315,851 | $ 44,982,035 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 H | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 48.49 | $ 47.09 | $ 39.19 | $ 26.10 | $ 47.20 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.10 | .89 | .81 | .75 | .95 |
Net realized and unrealized gain (loss) | 5.28 | 1.40 | 7.88 | 13.12 | (21.09) |
Total from investment operations | 6.38 | 2.29 | 8.69 | 13.87 | (20.14) |
Distributions from net investment income | (1.06) | (.89) | (.79) | (.78) | (.96) |
Net asset value, end of period | $ 53.81 | $ 48.49 | $ 47.09 | $ 39.19 | $ 26.10 |
Total Return A | 13.36% | 5.04% | 22.47% | 53.68% | (43.35)% |
Ratios to Average Net Assets C, E |
|
|
|
| |
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% G | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% G | .10% | .10% | .10% | .10% |
Net investment income (loss) | 2.21% | 1.96% | 1.94% | 2.14% | 2.36% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 4,705 | $ 13,407 | $ 27,881 | $ 23,666 | $ 11,363 |
Portfolio turnover rate D | 4% | 5% F | 4% | 11% F | 8% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F The portfolio turnover rate does not include the assets acquired in the merger.
G Amount represents .095%.
H For the year ended February 29.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 G | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.10 | $ 39.19 | $ 26.11 | $ 47.20 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.13 | .90 | .82 | .77 | .96 |
Net realized and unrealized gain (loss) | 5.27 | 1.40 | 7.89 | 13.10 | (21.08) |
Total from investment operations | 6.40 | 2.30 | 8.71 | 13.87 | (20.12) |
Distributions from net investment income | (1.08) | (.90) | (.80) | (.79) | (.97) |
Net asset value, end of period | $ 53.82 | $ 48.50 | $ 47.10 | $ 39.19 | $ 26.11 |
Total Return A | 13.39% | 5.07% | 22.53% | 53.67% | (43.31)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .06% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .06% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 2.25% | 1.99% | 1.97% | 2.17% | 2.39% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 28,996 | $ 16,230 | $ 15,595 | $ 12,455 | $ 3,667 |
Portfolio turnover rate D | 4% | 5% F | 4% | 11% F | 8% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F The portfolio turnover rate does not include the assets acquired in the merger.
G For the year ended February 29.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 G |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.74 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.13 | .79 |
Net realized and unrealized gain (loss) | 5.28 | .68 |
Total from investment operations | 6.41 | 1.47 |
Distributions from net investment income | (1.09) | (.71) |
Net asset value, end of period | $ 53.82 | $ 48.50 |
Total Return B, C | 13.42% | 3.25% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .05% | .05% A |
Expenses net of fee waivers, if any | .04% | .05% A |
Expenses net of all reductions | .04% | .05% A |
Net investment income (loss) | 2.27% | 2.19% A |
Supplemental Data |
|
|
Net assets, end of period (in millions) | $ 17,703 | $ 14,629 |
Portfolio turnover rate F | 4% | 5% I |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I The portfolio turnover rate does not include the assets acquired in the merger.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 H |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 48.50 | $ 47.74 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.14 | .81 |
Net realized and unrealized gain (loss) | 5.29 | .67 |
Total from investment operations | 6.43 | 1.48 |
Distributions from net investment income | (1.10) | (.72) |
Net asset value, end of period | $ 53.83 | $ 48.50 |
Total Return B, C | 13.46% | 3.27% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .03% G | .03% A, G |
Expenses net of fee waivers, if any | .02% | .03% A, G |
Expenses net of all reductions | .02% | .03% A, G |
Net investment income (loss) | 2.29% | 2.24% A |
Supplemental Data |
|
|
Net assets, end of period (in millions) | $ 1,912 | $ 716 |
Portfolio turnover rate F | 4% | 5% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G Amount represents .025%.
H For the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from brokerage service arrangements or reductions from other expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from brokerage service arrangements or other expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J The portfolio turnover rate does not include the assets acquired in the merger.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
(Amounts in thousands except percentages)
1. Organization.
Spartan 500 Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions may also differ by class.
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
3. Significant Accounting Policies - continued
the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices
Annual Report
3. Significant Accounting Policies - continued
Investment Valuation - continued
are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, is included at the end of the Fund's Schedule of Investments.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
3. Significant Accounting Policies - continued
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 21,612,588 |
Gross unrealized depreciation | (4,005,515) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 17,607,073 |
|
|
Tax Cost | $ 38,535,572 |
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 192,698 |
Capital loss carryforward | $ (1,451,227) |
Net unrealized appreciation (depreciation) | $ 17,607,073 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
2016 | $ (397) |
2017 | (658,756) |
2019 | (792,074) |
Total capital loss carryforward | $ (1,451,227) |
The tax character of distributions paid was as follows:
| February 28, 2013 | February 29, 2012 |
Ordinary Income | $ 1,030,033 | $ 823,248 |
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
4. Derivative Instruments - continued
Risk Exposures and the Use of Derivative Instruments - continued
or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risks:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized
Annual Report
4. Derivative Instruments - continued
Futures Contracts - continued
appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of activity for the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
During the period the Fund recognized net realized gain (loss) of $81,216 and a change in net unrealized appreciation (depreciation) of $(15,585) related to its investment in futures contracts. These amounts are included in the Statement of Operations.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, aggregated $5,069,809 and $1,704,367, respectively.
Securities received in-kind through subscriptions totaled $506,578.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .025% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .05% |
Fidelity Advantage Institutional Class | .025% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Fund. Geode provides discretionary investment advisory services to the Fund and is paid by FMR for providing these services.
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, Institutional Class pays a portion of the transfer agent fees at an annual rate of .025% of average net assets and Fidelity Advantage Institutional Class does not pay transfer agent fees.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Investor Class | $ 7,526 |
Fidelity Advantage Class | 9,149 |
Institutional Class | 4,012 |
| $ 20,687 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $123 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, there were no borrowings on this line of credit.
8. Security Lending.
The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and
Annual Report
8. Security Lending - continued
Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $6,389. During the period, there were no securities loaned to FCM.
9. Expense Reductions.
Effective February 1, 2012, FMR contractually agreed to reimburse the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. This reimbursement will remain in place through April 30, 2014.
| Expense | Reimbursement |
Investor Class | .095% | $ 502 |
Fidelity Advantage Class | .060%/.050%* | 2,736 |
Institutional Class | .040% | 1,722 |
Fidelity Advantage Institutional Class | .020% | 84 |
* Expense limitation effective January 1, 2013.
In addition, through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's management fee by four hundred sixty seven dollars and reduced transfer agent fee by one hundred two dollars.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| February 28, 2013 | February 29, 2012 A |
From net investment income |
|
|
Investor Class | $ 226,551 | $ 405,868 |
Fidelity Advantage Class | 421,592 | 264,009 |
Institutional Class | 348,307 | 146,405 |
Fidelity Advantage Institutional Class | 33,583 | 6,966 |
Total | $ 1,030,033 | $ 823,248 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except percentages)
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| February 28, | February 29, | February 28, | February 29, |
Investor Class |
|
|
|
|
Shares sold | 47,792 | 94,578 | $ 2,395,212 | $ 4,269,471 |
Reinvestment of distributions | 4,370 | 8,848 | 217,646 | 397,869 |
Shares redeemed | (241,211) | (418,995) | (12,295,797) | (19,074,702) |
Net increase (decrease) | (189,049) | (315,569) | $ (9,682,939) | $ (14,407,362) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 271,957 | 133,837 | $ 13,895,241 | $ 6,254,732 |
Issued in exchange for shares of Congress Street | - | 983 | - | 45,955 |
Issued in exchange of shares of Exchange | - | 3,818 | - | 178,445 |
Reinvestment of distributions | 7,827 | 5,335 | 390,172 | 238,952 |
Shares redeemed | (75,714) | (140,424) | (3,793,810) | (6,301,502) |
Net increase (decrease) | 204,070 | 3,549 | $ 10,491,603 | $ 416,582 |
Institutional Class |
|
|
|
|
Shares sold | 92,394 | 335,470 | $ 4,615,642 | $ 15,034,791 |
Reinvestment of distributions | 6,988 | 3,423 | 348,307 | 146,405 |
Shares redeemed | (72,117) | (37,249) | (3,630,016) | (1,658,626) |
Net increase (decrease) | 27,265 | 301,644 | $ 1,333,933 | $ 13,522,570 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 24,302 | 16,270 | $ 1,217,091 | $ 729,075 |
Reinvestment of distributions | 673 | 166 | 33,583 | 6,966 |
Shares redeemed | (4,226) | (1,663) | (212,351) | (73,768) |
Net increase (decrease) | 20,749 | 14,773 | $ 1,038,323 | $ 662,273 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period May 4, 2011 (commencement of sale of shares) to February 29, 2012.
12. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Annual Report
13. Merger Information.
On April 15, 2011 the Fund acquired all of the assets and assumed all of the liabilities of the Fidelity Congress Street Fund and Fidelity Exchange Fund ("Target Funds") pursuant to an agreement and plan of reorganization approved by the Board of Trustees on October 13, 2010. The reorganization provides shareholders of the Target Funds access to a larger more diversified portfolio with similar investment strategies and lower expenses. The acquisition was accomplished by an exchange of 4,801 shares then outstanding of Fidelity Advantage Class of the Fund for 99 shares then outstanding (valued at $465.09 per share) of Fidelity Congress Street Fund, and 551 shares then outstanding (valued at $323.88 per share) of Fidelity Exchange Street Fund. The reorganization qualified as a tax-free reorganization for federal income tax purposes with no gain or loss recognized to the funds or their shareholders. Fidelity Congress Street Fund's net assets, including securities of $45,976 with unrealized appreciation of $32,369 and net other liabilities of $21, and Fidelity Exchange Street Fund's net assets, including securities of $178,427 with unrealized appreciation of $150,195 and net other assets of $18, were combined with the Fund's net assets of $43,105,406 for total net assets after the acquisition of $43,329,806.
Pro forma results of operations of the combined entity for the entire period ended February 29, 2012, as though the acquisition had occurred as of the beginning of the year (rather than on the actual acquisition date), are as follows:
Net investment income (loss) | $ 842,404 |
Total net realized gain (loss) | 348,278 |
Total change in net unrealized appreciation (depreciation) | 944,457 |
Net increase (decrease) in net assets resulting from operations | $ 2,135,139 |
Because the combined investment portfolios have been managed as a single portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the acquired funds that have been included in the Fund's accompanying Statement of Operations since April 15, 2011.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan 500 Index Fund:
In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan 500 Index Fund (a fund of Fidelity Concord Street Trust) at February 28, 2013, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Spartan 500 Index Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 22, 2013
Annual Report
Trustees and Officers
The Trustees, Members of the Advisory Board, and executive officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 234 Fidelity funds. Mr. Curvey oversees 453 Fidelity funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person of the trust and the fund (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers and Advisory Board Members hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Experience, Skills, Attributes, and Qualifications of the Fund's Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Annual Report
Trustees and Officers - continued
Board Structure and Oversight Function. James C. Curvey is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's equity and high income funds and another Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds. The asset allocation funds may invest in Fidelity funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
Annual Report
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-835-5092.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (1935) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (1957) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Annual Report
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (1948) | |
| Year of Election or Appointment: 2005 Prior to his retirement in May 2003, Mr. Dirks was Chief Operating Officer and a member of the Board of The Depository Trust & Clearing Corporation (DTCC). He also served as President, Chief Operating Officer, and Board member of The Depository Trust Company (DTC) and President and Board member of the National Securities Clearing Corporation (NSCC). In addition, Mr. Dirks served as Chief Executive Officer and Board member of the Government Securities Clearing Corporation, Chief Executive Officer and Board member of the Mortgage-Backed Securities Clearing Corporation, as a Trustee and a member of the Finance Committee of Manhattan College (2005-2008), and as a Trustee and a member of the Finance Committee of AHRC of Nassau County (2006-2008). Mr. Dirks is a member of the Independent Directors Council (IDC) Governing Council (2010-present) and Board of Directors for The Brookville Center for Children's Services, Inc. (2009-present). |
Alan J. Lacy (1953) | |
| Year of Election or Appointment: 2008 Mr. Lacy serves as Senior Adviser (2007-present) of Oak Hill Capital Partners, L.P. (private equity). Mr. Lacy also served as Chief Executive Officer (2000-2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation and Sears, Roebuck and Co. (retail). In addition, Mr. Lacy serves as a member of the Board of Directors of Dave & Buster's Entertainment, Inc. (restaurant and entertainment complexes, 2010-present), Earth Fare, Inc. (retail grocery, 2012-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), and Bristol-Myers Squibb Company (global pharmaceuticals, 2008-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (1944) | |
| Year of Election or Appointment: 2000 Mr. Lautenbach is Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Lautenbach currently serves as the Lead Director of the Eaton Corporation Board of Directors (diversified industrial, 1997-present). Mr. Lautenbach is Chairman of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (2012-present) and a member of the Council on Foreign Relations (1994-present). Previously, Mr. Lautenbach was a Partner/Advisory Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010), as well as a Director of Sony Corporation (2006-2007). |
Joseph Mauriello (1944) | |
| Year of Election or Appointment: 2008 Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Board of Directors of XL Group plc. (global insurance and re-insurance, 2006-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007) and of Arcadia Resources Inc. (health care services and products, 2007-2012). |
Robert W. Selander (1950) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (1944) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors (2009-present) and Chair of the Investment Committee (2010-present) of the Teagle Foundation. Ms. Small also serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson (2002-2008) and a member of the Investment Committee and Chairperson (2008-2012) and a member of the Board of Trustees of Smith College. In addition, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments, and a member of the Board of Directors of Scudder, Stevens & Clark and Scudder Kemper Investments. |
William S. Stavropoulos (1939) | |
| Year of Election or Appointment: 2001 Mr. Stavropoulos is Vice Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Stavropoulos serves as President and Founder of the Michigan Baseball Foundation, the Great Lakes Loons (2007-present). Mr. Stavropoulos is Chairman Emeritus of the Board of Directors of The Dow Chemical Company, where he previously served in numerous senior management positions, including President, CEO (1995-2000; 2002-2004), Chairman of the Executive Committee (2000-2006), and as a member of the Board of Directors (1990-2006). Currently, Mr. Stavropoulos is a Director of Univar Inc. (global distributor of commodity and specialty chemicals, Chairman from 2010-May 2012 and Lead Director from May 2012-present), Teradata Corporation (data warehousing and technology solutions, 2008-present), Maersk Inc. (industrial conglomerate), and Tyco International, Ltd. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital LLC (private equity investment, 2005-present). Mr. Stavropoulos is an operating advisor to Clayton, Dubilier & Rice, LLC (private equity investment). In addition, Mr. Stavropoulos is a member of the University of Notre Dame Advisory Council for the College of Science, a Trustee of the Rollin L. Gerstacker Foundation, and a Director of the Naples Philharmonic Center for the Arts. Previously, Mr. Stavropoulos served as a Director of Chemical Financial Corporation (bank holding company, 1993-2012). |
David M. Thomas (1949) | |
| Year of Election or Appointment: 2008 Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions), and a Director of Fortune Brands, Inc. (consumer products, 2000-2011). In addition, Mr. Thomas serves as Non-Executive Chairman of the Board of Directors of Fortune Brands Home and Security (home and security products, 2011-present), and as a member of the Board of Directors of Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (1950) | |
| Year of Election or Appointment: 2008 Mr. Wiley also serves as a Director of Asia Pacific Exploration Consolidated (international oil and gas exploration and production, 2008-present). Mr. Wiley serves as a Director of Tesoro Corporation (independent oil refiner and marketer, 2005-present), and a Director of Bill Barrett Corporation (exploration and production, 2005-present). In addition, Mr. Wiley also serves as a Director of Post Oak Bank (privately-held bank, 2004-present). Previously, Mr. Wiley served as a member of the Board of Trustees of the University of Tulsa (2000-2006; 2007-2010), as a Senior Energy Advisor of Katzenbach Partners, LLC (consulting, 2006-2007), as an Advisory Director of Riverstone Holdings (private investment), Chairman, President, and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004), and as Director of Spinnaker Exploration Company (exploration and production, 2001-2005). |
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Advisory Board Members and Executive Officers:
Correspondence intended for David A. Rosow and Garnett A. Smith may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each executive officer and Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupation | |
Peter S. Lynch (1944) | |
| Year of Election or Appointment: 2003 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Lynch is Vice Chairman and a Director of FMR and FMR Co., Inc. In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served on the Special Olympics International Board of Directors (1997-2006). |
David A. Rosow (1942) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Chairman and Chief Executive Officer of International Golf Group, Inc. (golf course development, 1989-present). Previously, Mr. Rosow served as Chairman and Chief Executive Officer of Rosow & Company, Inc. (private investment company, 1989-2011), a Lead Director of Hudson United Bancorp (2001-2006) and as a Director of TD Banknorth (1996-2006). In addition, Mr. Rosow is a member (2008-present) and President (2009-present) of the Town Council of Palm Beach, Florida. |
Garnett A. Smith (1947) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Prior to Mr. Smith's retirement, he served as Chairman and Chief Executive Officer of Inbrand Corp. (manufacturer of personal absorbent products, 1990-1997). He also served as President (1986-1990) of Inbrand Corp. Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank. In addition, Mr. Smith is a board member of the Jackson Hole Land Trust (2009-present). |
Kenneth B. Robins (1969) | |
| Year of Election or Appointment: 2008 President and Treasurer of Fidelity's Equity and High Income Funds. Mr. Robins also serves as President and Treasurer (2010-present) and Assistant Treasurer (2009-present) of other Fidelity funds and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Deputy Treasurer of the Fidelity funds (2005-2008) and Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2006-2008). |
Bruce T. Herring (1965) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present), Group Chief Investment Officer of FMR, and President of Fidelity Research & Analysis Company (2010-present). Previously, Mr. Herring served as Vice President (2005-2006) and Senior Vice President (2006-2007) of Fidelity Management & Research Company, Vice President of FMR Co., Inc. (2001-2007) and as a portfolio manager for Fidelity U.S. Equity Funds. |
Brian B. Hogan (1964) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (1968) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (1969) | |
| Year of Election or Appointment: 2009 Assistant Secretary of Fidelity's Equity and High Income Funds. Mr. Coffey also serves as Senior Vice President and Deputy General Counsel of FMR LLC (2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Vice President and Associate General Counsel of FMR LLC (2005-2009). |
Elizabeth Paige Baumann (1968) | |
| Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Baumann also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2012-present), Chief AML Officer of FMR LLC (2012-present), and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012). |
Name, Year of Birth; Principal Occupation | |
Christine Reynolds (1958) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (1968) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Compliance Officer of FMR, FMR Co., Inc., Fidelity Investments Money Management, Inc. (FIMM), Fidelity Research and Analysis Company (FRAC), Fidelity Management & Research (Japan) Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research (Hong Kong), and Strategic Advisers, Inc. (2009-present), as Senior Vice President of the Fidelity Asset Management Division (2009-present), and is an employee of Fidelity Investments. |
Joseph F. Zambello (1957) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (1967) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephen Sadoski (1971) | |
| Year of Election or Appointment: 2012 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Sadoski also serves as Deputy Treasurer of other Fidelity funds (2013-present) and is an employee of Fidelity Investments (2012-present). Previously, Mr. Sadoski served as Assistant Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2012-2013), an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche (1997-2009). |
Stacie Smith (1974) | |
| Year of Election or Appointment: 2013 Deputy Treasurer of Fidelity's Equity and High Income Funds. Ms. Smith is an employee of Fidelity Investments (2009-present). Previously, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009). |
Stephanie J. Dorsey (1969) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as President and Treasurer (2013-present) and Assistant Treasurer (2012-present) of other Fidelity funds and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Deputy Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013), Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (1958) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Mr. Hebble served as President and Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013). |
Gary W. Ryan (1958) | |
| Year of Election or Appointment: 2005 Assistant Treasurer of the Fidelity funds. Mr. Ryan is an employee of Fidelity Investments. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005). |
Jonathan Davis (1968) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
A total of 0.02% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.
Institutional Class designates 99%, 96%, 96%, and 96%; and Fidelity Advantage Institutional Class designates 97%, 95%, 95%, and 96% of the dividends distributed in April, July, October, and December, respectively, during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.
Institutional Class designates 100%, 99%, 99%, and 99%; and Fidelity Advantage Institutional Class designates 98%, 98%, 98%, and 99% of the dividends distributed in April, July, October, and December, respectively, during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Smithfield, RI
Transfer and Service Agents
Fidelity Investments Institutional
Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
245 Summer St., Boston, MA 02210
www.fidelity.com
U5I-U5A-UANN-0413 1.925888.101
Spartan® Total Market Index
Fund
Class F
Annual Report
February 28, 2013
(Fidelity Cover Art)
Contents
Performance | How the fund has done over time. | |
Management's Discussion of Fund Performance | The Portfolio Manager's review of fund performance and strategy. | |
Shareholder Expense Example | An example of shareholder expenses. | |
Investment Changes | A summary of major shifts in the fund's investments over the past six months. | |
Investments | A complete list of the fund's investments with their market values. | |
Financial Statements | Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights. | |
Notes | Notes to the financial statements. | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2013 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the fund nor Fidelity Distributors Corporation is a bank.
Annual Report
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Class F A | 13.55% | 5.50% | 9.05% |
A The initial offering of Class F took place on September 24, 2009. Returns prior to September 24, 2009, are those of Investor Class, the original class of the fund.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan® Total Market Index Fund - Class F on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period. The initial offering of Class F took place on September 24, 2009. See above for additional information regarding the performance of Class F.
Annual Report
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year, the fund's Class F shares gained 13.55% in line with the 13.56% advance of the fund's benchmark, the Dow Jones U.S. Total Stock Market IndexSM. All 10 market sectors in the index generated positive performance, with only three groups - information technology, energy and materials - producing a single-digit gain. Leading the rest were telecommunication services, health care and financials, which returned about 23%, 22% and 22%, respectively. The fund's top individual contributor in absolute terms was Pfizer, a pharmaceutical firm whose shares were up about 35% for the 12-month period. Industrial conglomerate General Electric added value, as did Internet search leader Google. In the financials sector, Berkshire Hathaway, the insurance-focused conglomerate run by billionaire investor Warren Buffett, also did well, as did global financial services institution JPMorgan Chase and telecommunication services provider AT&T, whose shares rose about 24%. The biggest absolute detractor by far was Apple, the personal electronics and computer manufacturer, whose shares returned about -17%, with the negative impact magnified by the stock's large weighting in the index and fund. Several other notable technology stocks held back results, including microprocessor company Intel and software manufacturer Microsoft. In the energy sector, Apache and Occidental Petroleum saw its shares drop by roughly 31% and 19%, respectively, while Caterpillar, a manufacturer of construction equipment and other heavy machinery, hampered results as well.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan Total Market Index Fund
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| Annualized | Beginning | Ending | Expenses Paid |
Investor Class | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,097.70 | $ .52 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .36 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .31 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .23 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.60 | $ .23 |
Class F | .046% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .24 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.55 | $ .23 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Annual Report
Spartan Total Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 2.5 | 4.0 |
Exxon Mobil Corp. | 2.4 | 2.6 |
General Electric Co. | 1.5 | 1.4 |
Chevron Corp. | 1.4 | 1.4 |
IBM Corp. | 1.3 | 1.4 |
Google, Inc. Class A | 1.3 | 1.1 |
Johnson & Johnson | 1.3 | 1.2 |
Microsoft Corp. | 1.3 | 1.5 |
Procter & Gamble Co. | 1.2 | 1.2 |
AT&T, Inc. | 1.2 | 1.4 |
| 15.4 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Information Technology | 17.4 | 19.3 |
Financials | 17.0 | 15.7 |
Consumer Discretionary | 12.0 | 11.9 |
Health Care | 11.8 | 11.6 |
Industrials | 11.1 | 10.5 |
Energy | 10.2 | 10.1 |
Consumer Staples | 9.3 | 9.6 |
Materials | 3.8 | 3.8 |
Utilities | 3.5 | 3.5 |
Telecommunication Services | 2.6 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 12.0% | |||
Auto Components - 0.4% | |||
Allison Transmission Holdings, Inc. | 27,992 | $ 646,615 | |
American Axle & Manufacturing Holdings, Inc. (a)(d) | 58,540 | 740,531 | |
BorgWarner, Inc. (a)(d) | 106,804 | 7,947,286 | |
Cooper Tire & Rubber Co. | 54,354 | 1,374,069 | |
Dana Holding Corp. (d) | 143,074 | 2,393,628 | |
Dorman Products, Inc. (d) | 25,196 | 880,852 | |
Drew Industries, Inc. | 16,139 | 587,137 | |
Exide Technologies (a) | 55,732 | 149,362 | |
Federal-Mogul Corp. Class A (a)(d) | 43,356 | 350,316 | |
Fuel Systems Solutions, Inc. (a) | 13,525 | 187,862 | |
Gentex Corp. (d) | 141,938 | 2,661,338 | |
Gentherm, Inc. (a)(d) | 22,586 | 347,824 | |
Johnson Controls, Inc. | 645,200 | 20,304,444 | |
Lear Corp. | 91,325 | 4,878,582 | |
Modine Manufacturing Co. (a) | 32,309 | 266,226 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 41,725 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 46,888 | 32,353 | |
Spartan Motors, Inc. | 44,931 | 237,685 | |
Standard Motor Products, Inc. | 17,952 | 443,953 | |
Stoneridge, Inc. (a) | 17,302 | 111,598 | |
Strattec Security Corp. | 672 | 19,118 | |
Superior Industries International, Inc. | 24,943 | 542,510 | |
Tenneco, Inc. (a) | 52,551 | 1,861,882 | |
The Goodyear Tire & Rubber Co. (a) | 217,777 | 2,826,745 | |
Tower International, Inc. (a) | 4,070 | 49,003 | |
TRW Automotive Holdings Corp. (a) | 95,106 | 5,581,771 | |
UQM Technologies, Inc. (a)(d) | 38,648 | 28,986 | |
Visteon Corp. (a) | 49,291 | 2,872,679 | |
| 58,366,080 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,560,625 | 44,899,481 | |
General Motors Co. (a)(d) | 721,012 | 19,575,476 | |
Harley-Davidson, Inc. | 211,628 | 11,137,982 | |
Tesla Motors, Inc. (a)(d) | 70,970 | 2,471,885 | |
Thor Industries, Inc. (d) | 39,293 | 1,477,024 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 443,162 | |
| 80,005,010 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 8,027 | 384,654 | |
Genuine Parts Co. | 144,858 | 10,289,264 | |
LKQ Corp. (a) | 282,518 | 5,986,556 | |
Pool Corp. (d) | 41,433 | 1,894,317 | |
VOXX International Corp. (a) | 18,073 | 179,826 | |
Weyco Group, Inc. | 1,992 | 45,936 | |
| 18,780,553 | ||
Diversified Consumer Services - 0.2% | |||
American Public Education, Inc. (a)(d) | 16,975 | 661,686 | |
| |||
Shares | Value | ||
Apollo Group, Inc. Class A (non-vtg.) (a)(d) | 111,836 | $ 1,886,673 | |
Ascent Capital Group, Inc. (a) | 16,905 | 1,159,514 | |
Bridgepoint Education, Inc. (a) | 11,294 | 115,312 | |
Bright Horizons Family Solutions, Inc. (d) | 9,900 | 276,804 | |
Capella Education Co. (a)(d) | 13,812 | 437,288 | |
Career Education Corp. (a) | 44,821 | 143,427 | |
Carriage Services, Inc. | 4,102 | 74,656 | |
Coinstar, Inc. (a)(d) | 24,683 | 1,263,523 | |
Collectors Universe, Inc. (d) | 4,772 | 52,826 | |
Corinthian Colleges, Inc. (a) | 84,173 | 179,288 | |
DeVry, Inc. (d) | 60,163 | 1,803,687 | |
Education Management Corp. (a)(d) | 26,671 | 94,949 | |
Grand Canyon Education, Inc. (a)(d) | 30,849 | 738,834 | |
H&R Block, Inc. (d) | 269,674 | 6,704,096 | |
Hillenbrand, Inc. | 60,464 | 1,492,856 | |
ITT Educational Services, Inc. (a)(d) | 22,063 | 304,028 | |
K12, Inc. (a)(d) | 35,687 | 744,074 | |
Learning Tree International, Inc. (a) | 3,285 | 12,450 | |
LifeLock, Inc. (d) | 15,276 | 177,965 | |
Lincoln Educational Services Corp. (d) | 15,671 | 98,884 | |
Mac-Gray Corp. | 7,087 | 88,021 | |
Matthews International Corp. Class A | 31,601 | 1,042,833 | |
National American University Holdings, Inc. | 5,378 | 20,920 | |
Regis Corp. | 37,626 | 678,021 | |
Service Corp. International | 236,136 | 3,669,553 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,268,645 | |
Steiner Leisure Ltd. (a) | 10,649 | 502,100 | |
Stewart Enterprises, Inc. Class A (d) | 55,722 | 471,965 | |
Strayer Education, Inc. (d) | 14,558 | 714,652 | |
Universal Technical Institute, Inc. | 29,419 | 343,026 | |
Weight Watchers International, Inc. (d) | 21,193 | 907,908 | |
| 29,130,464 | ||
Hotels, Restaurants & Leisure - 2.0% | |||
AFC Enterprises, Inc. (a) | 18,286 | 548,580 | |
Ambassadors Group, Inc. | 24,177 | 108,797 | |
Ameristar Casinos, Inc. | 27,501 | 720,526 | |
Bally Technologies, Inc. (a)(d) | 46,562 | 2,223,336 | |
Biglari Holdings, Inc. (a) | 607 | 227,249 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 669,559 | |
Bloomin' Brands, Inc. (d) | 25,018 | 430,560 | |
Bluegreen Corp. (a) | 6,427 | 62,728 | |
Bob Evans Farms, Inc. | 27,901 | 1,135,571 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 327,094 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 187,761 | |
Brinker International, Inc. | 62,217 | 2,076,803 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,087,102 | |
Burger King Worldwide, Inc. | 82,686 | 1,509,020 | |
Caesars Entertainment Corp. (d) | 22,500 | 281,250 | |
Carnival Corp. unit | 412,990 | 14,772,652 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 33,947 | |
CEC Entertainment, Inc. | 20,553 | 621,728 | |
Chipotle Mexican Grill, Inc. (a)(d) | 29,079 | 9,211,936 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Choice Hotels International, Inc. (d) | 44,031 | $ 1,674,499 | |
Churchill Downs, Inc. | 10,397 | 685,994 | |
Chuys Holdings, Inc. (d) | 5,695 | 162,364 | |
Cosi, Inc. (a)(d) | 46,943 | 40,840 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,400,283 | |
Darden Restaurants, Inc. (d) | 117,392 | 5,431,728 | |
Del Frisco's Restaurant Group, Inc. (a)(d) | 5,543 | 97,501 | |
Denny's Corp. (a) | 71,197 | 402,975 | |
DineEquity, Inc. | 12,829 | 896,619 | |
Domino's Pizza, Inc. (d) | 66,862 | 3,183,968 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,514 | |
Dover Motorsports, Inc. | 9,993 | 16,988 | |
Dunkin' Brands Group, Inc. (d) | 91,395 | 3,395,324 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 51,032 | |
Empire Resorts, Inc. (a) | 4,429 | 8,902 | |
Entertainment Gaming Asia, Inc. (a) | 8,246 | 16,162 | |
Famous Dave's of America, Inc. (a) | 2,311 | 22,740 | |
Fiesta Restaurant Group, Inc. (a) | 11,401 | 257,663 | |
Frisch's Restaurants, Inc. | 500 | 9,510 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,130,722 | |
Ignite Restaurant Group, Inc. (a) | 4,841 | 67,968 | |
International Game Technology | 268,403 | 4,278,344 | |
International Speedway Corp. Class A (d) | 20,854 | 628,540 | |
Interval Leisure Group, Inc. | 29,497 | 615,602 | |
Isle of Capri Casinos, Inc. (a) | 20,657 | 136,956 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,334,121 | |
Jamba, Inc. (a)(d) | 95,683 | 267,912 | |
Kona Grill, Inc. (a) | 4,029 | 34,247 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 61,696 | 814,387 | |
Lakes Entertainment, Inc. (a) | 2,872 | 8,673 | |
Las Vegas Sands Corp. | 337,364 | 17,370,872 | |
Life Time Fitness, Inc. (a)(d) | 34,454 | 1,451,892 | |
Luby's, Inc. (a) | 14,614 | 118,958 | |
Marcus Corp. | 22,859 | 279,108 | |
Marriott International, Inc. Class A | 251,677 | 9,928,658 | |
Marriott Vacations Worldwide Corp. (a) | 23,385 | 964,865 | |
McDonald's Corp. | 936,159 | 89,777,648 | |
MGM Mirage, Inc. (a) | 344,041 | 4,297,072 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 48,308 | |
Morgans Hotel Group Co. (a)(d) | 27,678 | 135,899 | |
MTR Gaming Group, Inc. (a) | 11,304 | 43,520 | |
Multimedia Games Holding Co., Inc. (a) | 20,726 | 387,576 | |
Norwegian Cruise Line Holdings Ltd. | 22,900 | 709,442 | |
Orient Express Hotels Ltd. Class A (a) | 89,796 | 927,593 | |
Panera Bread Co. Class A (a)(d) | 26,570 | 4,276,442 | |
Papa John's International, Inc. (a) | 19,260 | 1,001,713 | |
Penn National Gaming, Inc. (a)(d) | 61,522 | 3,066,872 | |
Pinnacle Entertainment, Inc. (a)(d) | 61,922 | 866,908 | |
Premier Exhibitions, Inc. (a) | 7,733 | 17,786 | |
| |||
Shares | Value | ||
Red Lion Hotels Corp. (a) | 3,129 | $ 22,560 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 906,440 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 48,728 | |
Royal Caribbean Cruises Ltd. | 140,250 | 4,890,518 | |
Ruby Tuesday, Inc. (a) | 44,363 | 325,624 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 307,279 | |
Scientific Games Corp. Class A (a) | 45,645 | 410,805 | |
SHFL Entertainment, Inc. (a) | 42,130 | 668,182 | |
Six Flags Entertainment Corp. (d) | 50,207 | 3,354,330 | |
Sonic Corp. (a)(d) | 98,965 | 1,117,315 | |
Speedway Motorsports, Inc. | 7,569 | 123,072 | |
Starbucks Corp. | 694,872 | 38,092,883 | |
Starwood Hotels & Resorts Worldwide, Inc. | 178,617 | 10,775,964 | |
Texas Roadhouse, Inc. Class A | 57,171 | 1,105,687 | |
The Cheesecake Factory, Inc. | 39,940 | 1,383,522 | |
Town Sports International Holdings, Inc. | 13,107 | 121,502 | |
Vail Resorts, Inc. (d) | 30,368 | 1,677,528 | |
Wendy's Co. | 250,660 | 1,426,255 | |
WMS Industries, Inc. (a) | 45,733 | 1,145,154 | |
Wyndham Worldwide Corp. | 137,748 | 8,297,940 | |
Wynn Resorts Ltd. | 72,102 | 8,428,724 | |
Yum! Brands, Inc. | 422,304 | 27,652,466 | |
| 312,265,887 | ||
Household Durables - 0.5% | |||
American Greetings Corp. Class A (d) | 30,155 | 488,511 | |
Bassett Furniture Industries, Inc. | 1,947 | 28,329 | |
Beazer Homes USA, Inc. (a)(d) | 22,468 | 349,827 | |
Blyth, Inc. (d) | 16,038 | 229,183 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,664 | |
Cobra Electronics Corp. (a) | 1,032 | 3,468 | |
CSS Industries, Inc. | 16,118 | 386,993 | |
D.R. Horton, Inc. (d) | 256,142 | 5,711,967 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 39,145 | |
Ethan Allen Interiors, Inc. (d) | 19,507 | 545,026 | |
Flexsteel Industries, Inc. | 2,547 | 58,581 | |
Furniture Brands International, Inc. (a)(d) | 57,083 | 51,946 | |
Garmin Ltd. | 105,419 | 3,620,088 | |
Harman International Industries, Inc. | 71,938 | 3,053,768 | |
Helen of Troy Ltd. (a) | 30,506 | 1,131,162 | |
Hooker Furniture Corp. (d) | 13,495 | 202,560 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 177,163 | 1,036,404 | |
iRobot Corp. (a) | 21,633 | 463,812 | |
Jarden Corp. (d) | 66,002 | 4,099,384 | |
KB Home (d) | 64,653 | 1,208,365 | |
Kid Brands, Inc. (a) | 16,651 | 25,643 | |
Koss Corp. | 2,669 | 13,212 | |
La-Z-Boy, Inc. | 54,902 | 1,005,805 | |
Leggett & Platt, Inc. (d) | 123,614 | 3,780,116 | |
Lennar Corp. Class A (d) | 143,081 | 5,521,496 | |
Libbey, Inc. (a)(d) | 16,641 | 305,362 | |
Lifetime Brands, Inc. | 2,385 | 25,925 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
M.D.C. Holdings, Inc. (d) | 26,306 | $ 1,010,940 | |
M/I Homes, Inc. (a)(d) | 24,871 | 569,546 | |
Meritage Homes Corp. (a)(d) | 46,552 | 1,884,890 | |
Mohawk Industries, Inc. (a) | 51,902 | 5,502,650 | |
NACCO Industries, Inc. Class A | 6,219 | 361,262 | |
Newell Rubbermaid, Inc. | 259,791 | 6,063,522 | |
NVR, Inc. (a) | 4,152 | 4,190,198 | |
PulteGroup, Inc. (a) | 312,266 | 5,989,262 | |
Ryland Group, Inc. (d) | 35,461 | 1,266,667 | |
Sealy Corp., Inc. (a)(d) | 70,121 | 152,864 | |
Skullcandy, Inc. (a)(d) | 12,653 | 77,183 | |
Skyline Corp. (a) | 21,741 | 99,791 | |
Standard Pacific Corp. (a) | 98,412 | 801,074 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 26,443 | |
Tempur-Pedic International, Inc. (a)(d) | 59,637 | 2,449,292 | |
Toll Brothers, Inc. (a)(d) | 127,535 | 4,351,494 | |
TRI Pointe Homes, Inc. (d) | 13,100 | 241,040 | |
Tupperware Brands Corp. | 50,496 | 3,950,302 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,047 | |
Whirlpool Corp. | 72,373 | 8,174,530 | |
Zagg, Inc. (a)(d) | 21,268 | 155,894 | |
| 81,440,375 | ||
Internet & Catalog Retail - 1.0% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 104,086 | |
Amazon.com, Inc. (a) | 338,066 | 89,340,702 | |
Blue Nile, Inc. (a)(d) | 11,337 | 384,664 | |
dELiA*s, Inc. (a) | 2,977 | 3,066 | |
Expedia, Inc. | 85,724 | 5,472,620 | |
Gaiam, Inc. Class A (a)(d) | 12,609 | 45,897 | |
Geeknet, Inc. (a) | 2,810 | 44,988 | |
Groupon, Inc. Class A (a) | 268,227 | 1,215,068 | |
Hollywood Media Corp. (a) | 1,032 | 1,373 | |
HomeAway, Inc. (a) | 35,174 | 1,037,633 | |
HSN, Inc. | 33,708 | 1,803,378 | |
Kayak Software Corp. (d) | 3,291 | 131,212 | |
Liberty Media Corp.: | |||
Interactive Series A (a) | 531,914 | 11,106,364 | |
Series A (a) | 25,697 | 1,855,323 | |
Netflix, Inc. (a) | 51,856 | 9,753,076 | |
NutriSystem, Inc. (d) | 26,922 | 221,568 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 133,278 | |
Overstock.com, Inc. (a)(d) | 14,467 | 168,107 | |
PetMed Express, Inc. | 32,292 | 408,494 | |
priceline.com, Inc. (a) | 46,413 | 31,912,651 | |
Shutterfly, Inc. (a)(d) | 25,110 | 1,086,761 | |
TripAdvisor, Inc. (a) | 101,113 | 4,596,597 | |
U.S. Auto Parts Network, Inc. (a)(d) | 5,048 | 6,613 | |
ValueVision Media, Inc. Class A (a)(d) | 18,644 | 48,847 | |
Vitacost.com, Inc. (a)(d) | 15,384 | 113,688 | |
| 160,996,054 | ||
| |||
Shares | Value | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a)(d) | 18,718 | $ 680,025 | |
Black Diamond, Inc. (a)(d) | 20,004 | 159,632 | |
Brunswick Corp. (d) | 80,071 | 2,917,787 | |
Callaway Golf Co. | 77,147 | 518,428 | |
Hasbro, Inc. (d) | 104,633 | 4,187,413 | |
JAKKS Pacific, Inc. (d) | 19,661 | 239,471 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 80,194 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 33,741 | 289,160 | |
Marine Products Corp. | 11,741 | 78,900 | |
Mattel, Inc. | 313,552 | 12,777,244 | |
Meade Instruments Corp. (a) | 112 | 179 | |
Nautilus, Inc. (a) | 5,159 | 29,509 | |
Polaris Industries, Inc. | 59,267 | 5,178,158 | |
Smith & Wesson Holding Corp. (a)(d) | 80,794 | 771,583 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 103,765 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,333,412 | |
Summer Infant, Inc. (a) | 32,605 | 66,188 | |
| 29,411,048 | ||
Media - 3.3% | |||
A.H. Belo Corp. Class A | 22,177 | 111,550 | |
AMC Networks, Inc. Class A (a) | 52,862 | 3,034,279 | |
Arbitron, Inc. | 37,846 | 1,772,707 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 64,850 | |
Belo Corp. Series A (d) | 87,121 | 752,725 | |
Cablevision Systems Corp. - NY Group Class A | 252,827 | 3,537,050 | |
Carmike Cinemas, Inc. (a) | 21,753 | 340,652 | |
CBS Corp. Class B | 552,084 | 23,954,925 | |
Central European Media Enterprises Ltd. Class A (a)(d) | 17,504 | 91,546 | |
Charter Communications, Inc. Class A (a)(d) | 40,337 | 3,484,713 | |
Cinemark Holdings, Inc. | 88,767 | 2,467,723 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 312,596 | |
Comcast Corp. Class A | 2,481,691 | 98,746,485 | |
Crown Media Holdings, Inc. Class A (a) | 24,979 | 47,960 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 224,947 | |
Dex One Corp. (a) | 62,269 | 110,839 | |
Digital Cinema Destinations Co. | 1,935 | 11,571 | |
Digital Generation, Inc. (a)(d) | 26,444 | 204,941 | |
DIRECTV (a) | 572,344 | 27,569,810 | |
Discovery Communications, Inc. (a)(d) | 222,440 | 16,311,525 | |
DISH Network Corp. Class A | 211,095 | 7,346,106 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 70,761 | 1,174,633 | |
E.W. Scripps Co. Class A (a) | 24,274 | 262,402 | |
Emmis Communications Corp. Class A (a) | 7,973 | 12,837 | |
Entercom Communications Corp. Class A (a)(d) | 21,235 | 159,475 | |
Entravision Communication Corp. Class A | 63,982 | 127,964 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
FAB Universal Corp. (a)(d) | 3,212 | $ 11,242 | |
Fisher Communications, Inc. | 2,670 | 98,176 | |
Gannett Co., Inc. | 200,317 | 4,020,362 | |
Gray Television, Inc. (a) | 29,764 | 124,116 | |
Harris Interactive, Inc. (a) | 5,389 | 8,892 | |
Harte-Hanks, Inc. | 45,482 | 330,654 | |
Insignia Systems, Inc. (a) | 5,038 | 9,723 | |
Interpublic Group of Companies, Inc. | 397,857 | 5,084,612 | |
John Wiley & Sons, Inc. Class A (d) | 46,973 | 1,718,272 | |
Journal Communications, Inc. Class A (a) | 23,068 | 126,182 | |
Lamar Advertising Co. Class A (a) | 69,336 | 3,206,097 | |
Liberty Global, Inc. Class A (a)(d) | 233,612 | 16,093,531 | |
Liberty Media Corp. Class A (a) | 105,746 | 11,420,568 | |
LIN TV Corp. Class A (a)(d) | 36,007 | 409,400 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,424,514 | |
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 39,255 | 100,885 | |
Media General, Inc. Class A (a)(d) | 21,745 | 106,333 | |
Meredith Corp. (d) | 34,788 | 1,461,792 | |
Morningstar, Inc. | 26,885 | 1,843,773 | |
National CineMedia, Inc. | 40,280 | 614,270 | |
Navarre Corp. (a) | 5,954 | 11,968 | |
News Corp. Class A | 1,885,020 | 54,288,576 | |
Nexstar Broadcasting Group, Inc. Class A | 20,803 | 309,133 | |
Omnicom Group, Inc. | 246,402 | 14,175,507 | |
Outdoor Channel Holdings, Inc. | 3,578 | 26,728 | |
Pandora Media, Inc. (a)(d) | 80,080 | 976,976 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 46,564 | |
ReachLocal, Inc. (a)(d) | 5,194 | 65,081 | |
Regal Entertainment Group Class A (d) | 55,158 | 864,326 | |
Rentrak Corp. (a) | 4,521 | 94,489 | |
RLJ Entertainment, Inc. (a) | 17,180 | 67,861 | |
Saga Communications, Inc. Class A | 268 | 11,765 | |
Salem Communications Corp. Class A | 1,732 | 10,877 | |
Scholastic Corp. (d) | 25,364 | 763,456 | |
Scripps Networks Interactive, Inc. Class A | 83,052 | 5,236,429 | |
Shutterstock, Inc. (d) | 4,521 | 147,385 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 526,831 | |
Sirius XM Radio, Inc. (d) | 3,023,868 | 9,373,991 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 1,752 | |
Starz - Liberty Capital Series A (a)(d) | 101,960 | 1,892,378 | |
SuperMedia, Inc. (a)(d) | 19,383 | 78,307 | |
The Madison Square Garden Co. Class A (a) | 53,298 | 2,980,424 | |
The McClatchy Co. Class A (a)(d) | 49,260 | 128,076 | |
The New York Times Co. Class A (a)(d) | 109,097 | 1,054,968 | |
The Walt Disney Co. | 1,655,258 | 90,360,534 | |
Time Warner Cable, Inc. | 281,817 | 24,346,171 | |
Time Warner, Inc. | 883,690 | 46,985,797 | |
Valassis Communications, Inc. (d) | 33,863 | 930,894 | |
| |||
Shares | Value | ||
Viacom, Inc. Class B (non-vtg.) | 438,262 | $ 25,620,797 | |
Washington Post Co. Class B | 3,968 | 1,581,407 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 369,102 | |
| 523,778,755 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a)(d) | 53,063 | 1,766,998 | |
Dillard's, Inc. Class A | 32,687 | 2,604,500 | |
Dollar General Corp. (a) | 241,081 | 11,171,694 | |
Dollar Tree, Inc. (a) | 221,972 | 10,029,805 | |
Family Dollar Stores, Inc. | 100,910 | 5,807,371 | |
Fred's, Inc. Class A | 41,012 | 556,533 | |
Gordmans Stores, Inc. (a) | 10,233 | 136,201 | |
J.C. Penney Co., Inc. (d) | 131,144 | 2,304,200 | |
Kohl's Corp. | 200,844 | 9,258,908 | |
Macy's, Inc. | 360,200 | 14,804,220 | |
Nordstrom, Inc. | 136,880 | 7,421,634 | |
Saks, Inc. (a)(d) | 100,086 | 1,140,980 | |
Sears Holdings Corp. (a)(d) | 37,834 | 1,702,530 | |
Target Corp. | 603,803 | 38,015,437 | |
The Bon-Ton Stores, Inc. (d) | 19,775 | 212,186 | |
Tuesday Morning Corp. (a) | 26,882 | 239,250 | |
| 107,172,447 | ||
Specialty Retail - 2.4% | |||
Aarons, Inc. Class A | 69,026 | 1,883,720 | |
Abercrombie & Fitch Co. Class A | 83,791 | 3,907,174 | |
Advance Auto Parts, Inc. | 67,765 | 5,173,180 | |
Aeropostale, Inc. (a) | 70,783 | 921,595 | |
America's Car Mart, Inc. (a) | 10,422 | 497,755 | |
American Eagle Outfitters, Inc. | 183,756 | 3,800,074 | |
ANN, Inc. (a) | 46,918 | 1,327,310 | |
Asbury Automotive Group, Inc. (a) | 22,455 | 758,081 | |
Ascena Retail Group, Inc. (a)(d) | 107,818 | 1,810,264 | |
AutoNation, Inc. (a) | 53,370 | 2,336,005 | |
AutoZone, Inc. (a) | 34,149 | 12,981,742 | |
Barnes & Noble, Inc. (a)(d) | 41,457 | 652,533 | |
bebe Stores, Inc. | 66,951 | 265,126 | |
Bed Bath & Beyond, Inc. (a) | 214,039 | 12,146,713 | |
Best Buy Co., Inc. (d) | 248,339 | 4,075,243 | |
Big 5 Sporting Goods Corp. | 16,237 | 253,135 | |
Body Central Corp. (a) | 23,522 | 181,355 | |
Books-A-Million, Inc. (a)(d) | 4,414 | 10,770 | |
Brown Shoe Co., Inc. (d) | 39,452 | 647,013 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 20,164 | |
Cabela's, Inc. Class A (a)(d) | 43,517 | 2,201,525 | |
Cache, Inc. (a)(d) | 2,880 | 12,384 | |
CarMax, Inc. (a) | 213,259 | 8,191,278 | |
Chico's FAS, Inc. (d) | 157,246 | 2,670,037 | |
Christopher & Banks Corp. (a) | 22,706 | 137,371 | |
Citi Trends, Inc. (a)(d) | 14,433 | 148,516 | |
Coldwater Creek, Inc. (a)(d) | 13,235 | 47,514 | |
Conn's, Inc. (a)(d) | 15,280 | 489,571 | |
Destination Maternity Corp. | 9,860 | 220,765 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Destination XL Group, Inc. (a)(d) | 42,389 | $ 192,446 | |
Dick's Sporting Goods, Inc. | 83,168 | 4,158,400 | |
DSW, Inc. Class A (d) | 26,500 | 1,793,785 | |
Express, Inc. (a) | 81,477 | 1,507,325 | |
Finish Line, Inc. Class A | 36,835 | 667,082 | |
Five Below, Inc. | 9,429 | 375,274 | |
Foot Locker, Inc. | 137,615 | 4,705,057 | |
Francescas Holdings Corp. (a)(d) | 39,040 | 993,568 | |
GameStop Corp. Class A (d) | 113,091 | 2,834,060 | |
Gap, Inc. | 291,066 | 9,581,893 | |
Genesco, Inc. (a)(d) | 19,944 | 1,170,314 | |
GNC Holdings, Inc. | 68,927 | 2,826,007 | |
Group 1 Automotive, Inc. | 17,193 | 992,724 | |
Guess?, Inc. (d) | 49,289 | 1,364,812 | |
Haverty Furniture Companies, Inc. | 22,550 | 413,793 | |
hhgregg, Inc. (a)(d) | 15,184 | 142,122 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,201,106 | |
Home Depot, Inc. | 1,399,366 | 95,856,571 | |
Hot Topic, Inc. (d) | 51,429 | 555,433 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 23,081 | 957,862 | |
Kirkland's, Inc. (a) | 10,699 | 124,536 | |
Limited Brands, Inc. | 219,825 | 10,006,434 | |
Lithia Motors, Inc. Class A (sub. vtg.) (d) | 20,666 | 849,373 | |
Lowe's Companies, Inc. | 1,050,958 | 40,094,048 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 25,466 | 1,507,333 | |
MarineMax, Inc. (a)(d) | 10,125 | 131,119 | |
Mattress Firm Holding Corp. (a)(d) | 7,207 | 200,715 | |
Monro Muffler Brake, Inc. (d) | 28,456 | 1,054,295 | |
New York & Co., Inc. (a) | 19,427 | 83,730 | |
O'Reilly Automotive, Inc. (a) | 111,111 | 11,304,433 | |
Office Depot, Inc. (a) | 247,217 | 996,285 | |
OfficeMax, Inc. | 117,377 | 1,405,003 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 127,454 | |
Penske Automotive Group, Inc. | 46,027 | 1,369,764 | |
Perfumania Holdings, Inc. (a) | 876 | 5,387 | |
PetSmart, Inc. | 105,988 | 6,900,879 | |
Pier 1 Imports, Inc. (d) | 103,847 | 2,333,442 | |
RadioShack Corp. (d) | 82,121 | 246,363 | |
Rent-A-Center, Inc. (d) | 61,802 | 2,242,177 | |
Restoration Hardware Holdings, Inc. (d) | 4,814 | 185,869 | |
Ross Stores, Inc. | 207,497 | 12,026,526 | |
rue21, Inc. (a)(d) | 10,092 | 272,484 | |
Sally Beauty Holdings, Inc. (a)(d) | 137,637 | 3,818,050 | |
Sears Hometown & Outlet Stores, Inc. (a) | 10,000 | 445,700 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,035,287 | |
Shoe Carnival, Inc. | 8,791 | 170,809 | |
Signet Jewelers Ltd. (d) | 75,093 | 4,597,193 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 32,657 | 729,557 | |
Stage Stores, Inc. | 23,252 | 574,092 | |
Staples, Inc. (d) | 620,676 | 8,180,510 | |
Stein Mart, Inc. | 16,975 | 144,457 | |
| |||
Shares | Value | ||
Systemax, Inc. | 6,560 | $ 65,272 | |
The Buckle, Inc. (d) | 22,180 | 993,886 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 795,075 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 840,055 | |
The Men's Wearhouse, Inc. | 53,679 | 1,509,453 | |
The Pep Boys - Manny, Moe & Jack (a)(d) | 83,764 | 932,293 | |
Tiffany & Co., Inc. (d) | 117,916 | 7,919,239 | |
Tile Shop Holdings, Inc. (a) | 29,018 | 511,587 | |
Tilly's, Inc. (a) | 6,806 | 90,384 | |
TJX Companies, Inc. | 679,027 | 30,535,844 | |
Tractor Supply Co. | 64,603 | 6,718,066 | |
Trans World Entertainment Corp. | 2,977 | 11,283 | |
Ulta Salon, Cosmetics & Fragrance, Inc. | 53,900 | 4,773,384 | |
Urban Outfitters, Inc. (a) | 100,078 | 4,055,161 | |
Vitamin Shoppe, Inc. (a)(d) | 26,676 | 1,401,824 | |
West Marine, Inc. (a) | 3,285 | 41,095 | |
Wet Seal, Inc. Class A (a) | 66,930 | 196,774 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,829,172 | |
Winmark Corp. | 391 | 24,172 | |
Zale Corp. (a)(d) | 22,527 | 88,531 | |
Zumiez, Inc. (a)(d) | 17,893 | 409,750 | |
| 378,963,151 | ||
Textiles, Apparel & Luxury Goods - 0.7% | |||
American Apparel, Inc. (a)(d) | 42,333 | 56,303 | |
Carter's, Inc. (a)(d) | 47,035 | 2,653,244 | |
Cherokee, Inc. | 20,319 | 283,856 | |
Coach, Inc. | 263,207 | 12,720,794 | |
Columbia Sportswear Co. (d) | 17,213 | 955,838 | |
Crocs, Inc. (a) | 79,497 | 1,205,175 | |
Culp, Inc. | 7,038 | 110,567 | |
Deckers Outdoor Corp. (a)(d) | 36,096 | 1,456,113 | |
Delta Apparel, Inc. (a)(d) | 1,905 | 31,223 | |
Fifth & Pacific Companies, Inc. (a)(d) | 107,666 | 1,947,678 | |
Fossil, Inc. (a) | 50,709 | 5,211,364 | |
G-III Apparel Group Ltd. (a)(d) | 12,799 | 467,164 | |
Hanesbrands, Inc. (a)(d) | 86,732 | 3,438,056 | |
Iconix Brand Group, Inc. (a)(d) | 61,164 | 1,444,694 | |
Joe's Jeans, Inc. (a)(d) | 32,503 | 45,179 | |
K-Swiss, Inc. Class A (a) | 23,242 | 109,470 | |
Maidenform Brands, Inc. (a) | 18,000 | 345,420 | |
Michael Kors Holdings Ltd. (a)(d) | 108,297 | 6,419,846 | |
Movado Group, Inc. | 14,045 | 506,182 | |
NIKE, Inc. Class B | 686,074 | 37,363,590 | |
Oxford Industries, Inc. (d) | 12,480 | 606,653 | |
Perry Ellis International, Inc. | 7,954 | 129,014 | |
PVH Corp. | 73,938 | 9,009,345 | |
Quiksilver, Inc. (a)(d) | 122,287 | 764,294 | |
R.G. Barry Corp. | 3,640 | 44,918 | |
Ralph Lauren Corp. | 56,208 | 9,750,402 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 32,235 | 673,712 | |
Steven Madden Ltd. (a) | 35,946 | 1,584,859 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Superior Uniform Group, Inc. | 859 | $ 10,007 | |
The Jones Group, Inc. | 62,712 | 723,696 | |
True Religion Apparel, Inc. | 28,057 | 748,841 | |
Tumi Holdings, Inc. (d) | 16,160 | 382,022 | |
Under Armour, Inc. Class A (sub. vtg.) (a) | 74,542 | 3,673,430 | |
Unifi, Inc. (a) | 18,843 | 295,081 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 412,322 | |
VF Corp. | 81,630 | 13,163,654 | |
Wolverine World Wide, Inc. (d) | 42,482 | 1,792,740 | |
| 120,536,746 | ||
TOTAL CONSUMER DISCRETIONARY | 1,900,846,570 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 1.9% | |||
Beam, Inc. | 155,347 | 9,480,827 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 1,201,629 | |
Brown-Forman Corp. Class B (non-vtg.) | 139,755 | 9,170,723 | |
Central European Distribution Corp. (a)(d) | 99,939 | 72,296 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 202,440 | |
Coca-Cola Enterprises, Inc. | 270,815 | 9,689,761 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 138,226 | 6,115,118 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 39,052 | |
Crimson Wine Group Ltd. (a) | 1,943 | 15,641 | |
Dr. Pepper Snapple Group, Inc. | 203,653 | 8,883,344 | |
MGP Ingredients, Inc. | 4,299 | 17,798 | |
Molson Coors Brewing Co. Class B | 144,316 | 6,380,210 | |
Monster Beverage Corp. (a) | 137,421 | 6,930,141 | |
National Beverage Corp. | 7,694 | 102,946 | |
PepsiCo, Inc. | 1,442,437 | 109,293,451 | |
Primo Water Corp. (a)(d) | 8,907 | 9,085 | |
REED'S, Inc. (a)(d) | 1,830 | 7,521 | |
The Coca-Cola Co. | 3,614,328 | 139,946,780 | |
| 307,558,763 | ||
Food & Staples Retailing - 2.0% | |||
Andersons, Inc. | 16,533 | 811,440 | |
Arden Group, Inc. Class A | 86 | 7,836 | |
Casey's General Stores, Inc. (d) | 33,387 | 1,889,370 | |
Chefs' Warehouse Holdings (a)(d) | 6,997 | 125,946 | |
Costco Wholesale Corp. | 405,498 | 41,072,892 | |
Crumbs Bake Shop, Inc. (a)(d) | 5,760 | 14,688 | |
CVS Caremark Corp. | 1,165,150 | 59,562,468 | |
Fresh Market, Inc. (a)(d) | 36,436 | 1,698,646 | |
Harris Teeter Supermarkets, Inc. | 65,364 | 2,810,652 | |
Ingles Markets, Inc. Class A | 19,385 | 398,556 | |
Kroger Co. | 476,839 | 13,928,467 | |
Nash-Finch Co. | 11,468 | 219,842 | |
| |||
Shares | Value | ||
Natural Grocers by Vitamin Cottage, Inc. (d) | 6,984 | $ 144,569 | |
Pizza Inn Holdings, Inc. (a)(d) | 9,079 | 28,599 | |
PriceSmart, Inc. (d) | 17,002 | 1,260,698 | |
Rite Aid Corp. (a) | 682,788 | 1,119,772 | |
Roundy's, Inc. (d) | 8,260 | 47,330 | |
Safeway, Inc. (d) | 265,495 | 6,334,711 | |
Spartan Stores, Inc. | 24,920 | 415,167 | |
SUPERVALU, Inc. (d) | 203,563 | 808,145 | |
Susser Holdings Corp. (a)(d) | 14,504 | 642,237 | |
Sysco Corp. | 541,988 | 17,430,334 | |
The Pantry, Inc. (a) | 24,320 | 302,541 | |
United Natural Foods, Inc. (a) | 43,201 | 2,186,835 | |
Village Super Market, Inc. Class A | 3,352 | 109,778 | |
Wal-Mart Stores, Inc. | 1,567,752 | 110,965,487 | |
Walgreen Co. | 805,739 | 32,986,955 | |
Weis Markets, Inc. | 9,706 | 392,705 | |
Whole Foods Market, Inc. | 158,987 | 13,612,467 | |
| 311,329,133 | ||
Food Products - 1.8% | |||
Alico, Inc. | 172 | 7,370 | |
Annie's, Inc. | 7,023 | 294,685 | |
Archer Daniels Midland Co. | 615,354 | 19,605,178 | |
B&G Foods, Inc. Class A (d) | 45,939 | 1,350,607 | |
Boulder Brands, Inc. (a)(d) | 68,009 | 579,437 | |
Bunge Ltd. (d) | 137,909 | 10,220,436 | |
Cal-Maine Foods, Inc. | 14,807 | 599,535 | |
Calavo Growers, Inc. (d) | 8,788 | 247,382 | |
Campbell Soup Co. | 184,577 | 7,597,189 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 191,001 | |
Coffee Holding Co., Inc. | 3,401 | 24,997 | |
ConAgra Foods, Inc. | 369,281 | 12,596,175 | |
Darling International, Inc. (a) | 125,934 | 2,101,838 | |
Dean Foods Co. (a) | 165,929 | 2,754,421 | |
Diamond Foods, Inc. (d) | 18,346 | 284,913 | |
Dole Food Co., Inc. (a)(d) | 28,149 | 315,269 | |
Farmer Brothers Co. (a) | 3,100 | 39,339 | |
Flowers Foods, Inc. | 120,921 | 3,407,554 | |
Fresh Del Monte Produce, Inc. | 38,697 | 1,009,605 | |
General Mills, Inc. | 594,950 | 27,516,438 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 115,161 | 5,500,089 | |
H.J. Heinz Co. | 295,763 | 21,422,114 | |
Hain Celestial Group, Inc. (a)(d) | 40,266 | 2,204,564 | |
Hillshire Brands Co. | 104,379 | 3,381,880 | |
Hormel Foods Corp. | 148,701 | 5,562,904 | |
Ingredion, Inc. | 69,989 | 4,633,272 | |
J&J Snack Foods Corp. | 11,932 | 825,933 | |
John B. Sanfilippo & Son, Inc. | 4,594 | 87,562 | |
Kellogg Co. | 225,848 | 13,663,804 | |
Kraft Foods Group, Inc. | 551,454 | 26,728,975 | |
Lancaster Colony Corp. | 17,892 | 1,309,158 | |
Limoneira Co. | 3,738 | 73,676 | |
McCormick & Co., Inc. (non-vtg.) | 124,088 | 8,347,400 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Mead Johnson Nutrition Co. Class A | 189,296 | $ 14,180,163 | |
Mondelez International, Inc. | 1,657,567 | 45,831,728 | |
Omega Protein Corp. (a) | 32,056 | 265,424 | |
Pilgrims Pride Corp. (a)(d) | 54,584 | 480,885 | |
Post Holdings, Inc. (a) | 28,839 | 1,114,916 | |
Sanderson Farms, Inc. (d) | 16,208 | 822,232 | |
Seneca Foods Corp. Class A (a) | 7,029 | 214,525 | |
Smithfield Foods, Inc. (a) | 121,954 | 2,712,257 | |
Snyders-Lance, Inc. | 50,907 | 1,260,457 | |
The Hershey Co. | 144,101 | 12,009,377 | |
The J.M. Smucker Co. | 102,284 | 9,747,665 | |
Tootsie Roll Industries, Inc. (d) | 29,529 | 829,174 | |
TreeHouse Foods, Inc. (a) | 37,174 | 2,170,590 | |
Tyson Foods, Inc. Class A | 265,963 | 6,029,381 | |
WhiteWave Foods Co. (d) | 22,752 | 355,841 | |
| 282,509,315 | ||
Household Products - 1.9% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 303,053 | |
Church & Dwight Co., Inc. (d) | 135,097 | 8,370,610 | |
Clorox Co. | 117,785 | 9,895,118 | |
Colgate-Palmolive Co. | 416,187 | 47,624,278 | |
Energizer Holdings, Inc. | 57,715 | 5,305,740 | |
Harbinger Group, Inc. (a) | 9,831 | 84,252 | |
Kimberly-Clark Corp. | 363,072 | 34,230,428 | |
Oil-Dri Corp. of America | 644 | 17,723 | |
Orchids Paper Products Co. | 2,087 | 45,747 | |
Procter & Gamble Co. | 2,559,499 | 194,982,634 | |
Spectrum Brands Holdings, Inc. | 23,337 | 1,262,298 | |
WD-40 Co. | 17,410 | 943,796 | |
| 303,065,677 | ||
Personal Products - 0.2% | |||
Avon Products, Inc. | 410,247 | 8,020,329 | |
Cyanotech Corp. (a) | 2,300 | 10,120 | |
Elizabeth Arden, Inc. (a)(d) | 22,677 | 882,135 | |
Estee Lauder Companies, Inc. Class A | 220,556 | 14,137,640 | |
Herbalife Ltd. (d) | 102,302 | 4,121,748 | |
Inter Parfums, Inc. | 14,485 | 362,994 | |
LifeVantage Corp. (a)(d) | 61,077 | 154,525 | |
Mannatech, Inc. (a) | 599 | 3,444 | |
MediFast, Inc. (a)(d) | 10,225 | 237,016 | |
Nature's Sunshine Products, Inc. (d) | 2,859 | 41,341 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 2,217,837 | |
Nutraceutical International Corp. | 4,799 | 78,656 | |
Prestige Brands Holdings, Inc. (a)(d) | 44,548 | 1,059,797 | |
Revlon, Inc. (a) | 13,966 | 314,933 | |
Star Scientific, Inc. (a)(d) | 92,291 | 163,355 | |
The Female Health Co. (d) | 4,862 | 34,520 | |
USANA Health Sciences, Inc. (a)(d) | 12,622 | 559,028 | |
| 32,399,418 | ||
| |||
Shares | Value | ||
Tobacco - 1.5% | |||
Alliance One International, Inc. (a)(d) | 89,449 | $ 333,645 | |
Altria Group, Inc. | 1,890,644 | 63,431,106 | |
Lorillard, Inc. | 357,231 | 13,767,683 | |
Philip Morris International, Inc. | 1,566,647 | 143,739,862 | |
Reynolds American, Inc. | 311,872 | 13,622,569 | |
Universal Corp. | 28,408 | 1,584,882 | |
Vector Group Ltd. (d) | 57,232 | 918,574 | |
| 237,398,321 | ||
TOTAL CONSUMER STAPLES | 1,474,260,627 | ||
ENERGY - 10.2% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 74,378 | 3,804,435 | |
Baker Hughes, Inc. | 406,618 | 18,224,619 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 455,768 | |
Bolt Technology Corp. | 7,172 | 111,883 | |
Bristow Group, Inc. | 35,526 | 2,069,745 | |
C&J Energy Services, Inc. (a) | 39,339 | 952,004 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 141,817 | |
Cameron International Corp. (a) | 227,925 | 14,523,381 | |
Carbo Ceramics, Inc. (d) | 17,768 | 1,613,334 | |
Dawson Geophysical Co. (a) | 7,871 | 243,214 | |
Diamond Offshore Drilling, Inc. (d) | 67,074 | 4,673,716 | |
Dresser-Rand Group, Inc. (a)(d) | 66,371 | 4,092,436 | |
Dril-Quip, Inc. (a)(d) | 35,273 | 2,900,499 | |
ENGlobal Corp. (a) | 5,637 | 3,269 | |
Ensco PLC Class A | 218,569 | 13,144,740 | |
Era Group, Inc. (a) | 20,388 | 411,634 | |
Exterran Holdings, Inc. (a)(d) | 55,256 | 1,394,109 | |
FMC Technologies, Inc. (a)(d) | 219,958 | 11,418,020 | |
Forbes Energy Services Ltd. (a) | 500 | 1,550 | |
Forum Energy Technologies, Inc. (d) | 11,487 | 306,473 | |
Geospace Technologies Corp. (a) | 13,000 | 1,265,160 | |
Global Geophysical Services, Inc. (a)(d) | 18,062 | 42,265 | |
GreenHunter Energy, Inc. | 12,193 | 20,240 | |
Gulf Island Fabrication, Inc. | 10,744 | 255,815 | |
Gulfmark Offshore, Inc. Class A | 20,706 | 739,618 | |
Halliburton Co. | 861,984 | 35,780,956 | |
Helix Energy Solutions Group, Inc. (a) | 81,255 | 1,902,180 | |
Helmerich & Payne, Inc. | 101,955 | 6,755,538 | |
Hercules Offshore, Inc. (a)(d) | 189,533 | 1,285,034 | |
Hornbeck Offshore Services, Inc. (a)(d) | 29,524 | 1,254,770 | |
ION Geophysical Corp. (a)(d) | 97,381 | 646,610 | |
Key Energy Services, Inc. (a) | 128,766 | 1,104,812 | |
Lufkin Industries, Inc. | 32,247 | 2,088,961 | |
Matrix Service Co. (a) | 19,340 | 300,930 | |
McDermott International, Inc. (a)(d) | 226,474 | 2,880,749 | |
Mitcham Industries, Inc. (a)(d) | 23,287 | 357,455 | |
Nabors Industries Ltd. | 258,579 | 4,333,784 | |
National Oilwell Varco, Inc. | 399,939 | 27,247,844 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 377,171 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Newpark Resources, Inc. (a)(d) | 85,435 | $ 752,682 | |
Noble Corp. | 237,885 | 8,521,041 | |
Oceaneering International, Inc. | 101,325 | 6,443,257 | |
Oil States International, Inc. (a)(d) | 51,844 | 3,947,921 | |
Parker Drilling Co. (a) | 122,844 | 584,737 | |
Patterson-UTI Energy, Inc. | 135,919 | 3,172,349 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 579,794 | |
Pioneer Energy Services Corp. (a) | 48,304 | 421,694 | |
RigNet, Inc. (a)(d) | 15,376 | 301,677 | |
Rowan Companies PLC (a) | 117,283 | 4,056,819 | |
RPC, Inc. (d) | 65,463 | 1,059,191 | |
Schlumberger Ltd. | 1,242,067 | 96,694,916 | |
SEACOR Holdings, Inc. (d) | 20,388 | 1,416,558 | |
Superior Energy Services, Inc. (a) | 151,895 | 4,017,623 | |
Tesco Corp. (a) | 25,016 | 317,953 | |
TETRA Technologies, Inc. (a)(d) | 67,813 | 625,914 | |
TGC Industries, Inc. | 12,062 | 115,433 | |
Tidewater, Inc. | 43,850 | 2,075,421 | |
Transocean Ltd. (United States) | 335,485 | 17,545,866 | |
Unit Corp. (a)(d) | 41,417 | 1,883,645 | |
Weatherford International Ltd. (a) | 699,745 | 8,312,971 | |
Willbros Group, Inc. (a) | 35,988 | 242,919 | |
| 332,216,919 | ||
Oil, Gas & Consumable Fuels - 8.1% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 258,310 | |
Adams Resources & Energy, Inc. | 1,804 | 71,817 | |
Alon USA Energy, Inc. | 9,432 | 183,830 | |
Alpha Natural Resources, Inc. (a)(d) | 204,525 | 1,632,110 | |
Amyris, Inc. (a)(d) | 41,172 | 120,634 | |
Anadarko Petroleum Corp. | 465,845 | 37,071,945 | |
Apache Corp. | 367,367 | 27,284,347 | |
APCO Oil and Gas International, Inc. | 12,221 | 162,539 | |
Approach Resources, Inc. (a)(d) | 29,242 | 723,740 | |
Arch Coal, Inc. | 201,141 | 1,051,967 | |
Barnwell Industries, Inc. (a) | 2,847 | 9,481 | |
Berry Petroleum Co. Class A (d) | 38,847 | 1,778,027 | |
Bill Barrett Corp. (a)(d) | 37,315 | 673,536 | |
BioFuel Energy Corp. (a)(d) | 979 | 4,944 | |
Bonanza Creek Energy, Inc. (a)(d) | 18,196 | 615,571 | |
BPZ Energy, Inc. (a)(d) | 134,116 | 329,925 | |
Cabot Oil & Gas Corp. | 196,920 | 12,203,132 | |
Callon Petroleum Co. (a) | 31,499 | 169,780 | |
Carrizo Oil & Gas, Inc. (a)(d) | 36,358 | 854,049 | |
Ceres, Inc. | 2,484 | 9,961 | |
Cheniere Energy, Inc. (a) | 203,342 | 4,331,185 | |
Chesapeake Energy Corp. (d) | 476,743 | 9,611,139 | |
Chevron Corp. | 1,834,942 | 214,963,455 | |
Cimarex Energy Co. (d) | 80,895 | 5,445,042 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 307,834 | |
Clean Energy Fuels Corp. (a)(d) | 67,120 | 844,370 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 935,604 | |
| |||
Shares | Value | ||
Cobalt International Energy, Inc. (a)(d) | 161,814 | $ 3,991,951 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 458,844 | |
Concho Resources, Inc. (a)(d) | 97,403 | 8,762,374 | |
ConocoPhillips | 1,134,704 | 65,756,097 | |
CONSOL Energy, Inc. | 213,487 | 6,863,607 | |
Contango Oil & Gas Co. (d) | 16,222 | 628,765 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,051,816 | |
Crimson Exploration, Inc. (a) | 12,416 | 40,104 | |
Crosstex Energy, Inc. (d) | 45,920 | 765,486 | |
Cubic Energy, Inc. (a) | 25,301 | 5,624 | |
CVR Energy, Inc. | 13,732 | 771,464 | |
Delek US Holdings, Inc. | 36,764 | 1,373,503 | |
Denbury Resources, Inc. (a)(d) | 362,076 | 6,560,817 | |
Devon Energy Corp. | 349,289 | 18,952,421 | |
DHT Holdings, Inc. | 4,997 | 21,487 | |
Diamondback Energy, Inc. | 12,429 | 282,263 | |
Double Eagle Petroleum Co. (a) | 1,282 | 6,038 | |
Emerald Oil, Inc. (a) | 18,010 | 124,269 | |
Endeavour International Corp. (a)(d) | 33,475 | 84,692 | |
Energen Corp. | 73,288 | 3,388,837 | |
EOG Resources, Inc. | 252,479 | 31,739,135 | |
EPL Oil & Gas, Inc. (a) | 30,399 | 782,166 | |
EQT Corp. | 139,951 | 8,829,509 | |
Evolution Petroleum Corp. (a)(d) | 6,950 | 71,238 | |
EXCO Resources, Inc. (d) | 115,116 | 764,370 | |
Exxon Mobil Corp. | 4,270,778 | 382,448,170 | |
Forest Oil Corp. (a)(d) | 96,618 | 560,384 | |
FX Energy, Inc. (a)(d) | 35,252 | 124,440 | |
Gasco Energy, Inc. (a) | 97,844 | 5,675 | |
Gastar Exploration Ltd. (a) | 74,542 | 85,723 | |
Gevo, Inc. (a)(d) | 17,509 | 34,668 | |
GMX Resources, Inc. (a)(d) | 5,751 | 13,860 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 429,740 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 134,379 | |
Gulfport Energy Corp. (a) | 61,924 | 2,535,788 | |
Halcon Resources Corp. (a)(d) | 102,301 | 726,337 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 179,969 | |
Hess Corp. | 277,626 | 18,462,129 | |
HollyFrontier Corp. | 189,781 | 10,665,692 | |
Houston American Energy Corp. (a)(d) | 36,485 | 8,392 | |
Hyperdynamics Corp. (a)(d) | 268,169 | 139,475 | |
Isramco, Inc. (a) | 123 | 12,138 | |
James River Coal Co. (a)(d) | 31,067 | 82,328 | |
Kinder Morgan Holding Co. LLC | 583,849 | 21,643,282 | |
KiOR, Inc. Class A (a)(d) | 14,609 | 80,496 | |
Kodiak Oil & Gas Corp. (a) | 306,801 | 2,730,529 | |
Laredo Petroleum Holdings, Inc. (a) | 29,519 | 505,956 | |
Lucas Energy, Inc. (a) | 9,400 | 12,032 | |
Magellan Petroleum Corp. (a) | 35,895 | 39,126 | |
Magnum Hunter Resources Corp. (a)(d) | 135,725 | 525,256 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 546 | |
Marathon Oil Corp. | 658,184 | 22,049,164 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Marathon Petroleum Corp. | 317,320 | $ 26,299,482 | |
Matador Resources Co. (d) | 19,175 | 149,757 | |
McMoRan Exploration Co. (a) | 119,052 | 1,915,547 | |
Midstates Petroleum Co., Inc. | 20,651 | 154,056 | |
Miller Energy Resources, Inc. (a)(d) | 32,422 | 127,094 | |
Murphy Oil Corp. | 169,996 | 10,349,356 | |
Newfield Exploration Co. (a) | 125,514 | 2,901,884 | |
Noble Energy, Inc. | 166,064 | 18,404,873 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 618,773 | |
Oasis Petroleum, Inc. (a)(d) | 64,744 | 2,376,105 | |
Occidental Petroleum Corp. | 758,827 | 62,474,227 | |
Pacific Ethanol, Inc. (a)(d) | 128,037 | 49,294 | |
Panhandle Royalty Co. Class A | 6,335 | 172,565 | |
PBF Energy, Inc. Class A | 22,067 | 921,297 | |
PDC Energy, Inc. (a)(d) | 25,121 | 1,171,643 | |
Peabody Energy Corp. | 250,217 | 5,394,679 | |
Penn Virginia Corp. (d) | 41,256 | 167,912 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 272,440 | |
Phillips 66 | 586,698 | 36,938,506 | |
Pioneer Natural Resources Co. | 113,759 | 14,312,020 | |
Plains Exploration & Production Co. (a) | 134,043 | 6,081,531 | |
QEP Resources, Inc. | 166,921 | 5,084,414 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 174,033 | |
Range Resources Corp. (d) | 149,693 | 11,496,422 | |
Recovery Energy, Inc. (a)(d) | 8,026 | 14,848 | |
Renewable Energy Group, Inc. (a)(d) | 7,119 | 52,609 | |
Rentech, Inc. | 169,556 | 462,888 | |
Resolute Energy Corp. (a)(d) | 29,689 | 302,234 | |
Rex American Resources Corp. (a) | 3,020 | 69,762 | |
Rex Energy Corp. (a)(d) | 32,188 | 433,894 | |
Rosetta Resources, Inc. (a)(d) | 44,961 | 2,188,701 | |
Royale Energy, Inc. (a)(d) | 5,368 | 13,044 | |
Sanchez Energy Corp. (a)(d) | 7,390 | 136,789 | |
SandRidge Energy, Inc. (a)(d) | 334,445 | 1,906,337 | |
Saratoga Resources, Inc. (a) | 16,554 | 49,828 | |
SemGroup Corp. Class A (a) | 56,834 | 2,619,479 | |
SM Energy Co. (d) | 62,332 | 3,607,776 | |
Solazyme, Inc. (a)(d) | 23,891 | 208,568 | |
Southwestern Energy Co. (a) | 327,623 | 11,227,640 | |
Spectra Energy Corp. | 611,633 | 17,761,822 | |
Stone Energy Corp. (a)(d) | 41,697 | 852,704 | |
Swift Energy Co. (a)(d) | 29,835 | 403,369 | |
Synergy Resources Corp. (a)(d) | 26,560 | 176,093 | |
Syntroleum Corp. (a) | 150,374 | 68,420 | |
Targa Resources Corp. | 22,682 | 1,383,602 | |
Teekay Corp. | 34,398 | 1,193,611 | |
Tengasco, Inc. (a) | 12,601 | 8,436 | |
Tesoro Corp. | 129,036 | 7,256,985 | |
The Williams Companies, Inc. | 627,283 | 21,772,993 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 2,442,685 | |
Uranium Energy Corp. (a)(d) | 54,945 | 126,923 | |
| |||
Shares | Value | ||
Uranium Resources, Inc. (a)(d) | 26,282 | $ 70,961 | |
US Energy Corp. (a) | 13,579 | 23,763 | |
USEC, Inc. (a)(d) | 83,065 | 39,871 | |
VAALCO Energy, Inc. (a)(d) | 68,248 | 553,491 | |
Valero Energy Corp. | 516,190 | 23,533,102 | |
Verenium Corp. (a) | 522 | 1,274 | |
W&T Offshore, Inc. | 37,319 | 554,560 | |
Warren Resources, Inc. (a)(d) | 48,923 | 128,178 | |
Western Refining, Inc. | 53,248 | 1,911,071 | |
Westmoreland Coal Co. (a) | 10,233 | 107,447 | |
Whiting Petroleum Corp. (a) | 109,106 | 5,313,462 | |
World Fuel Services Corp. | 70,210 | 2,670,086 | |
WPX Energy, Inc. (a)(d) | 177,241 | 2,515,050 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 30,894 | |
Zion Oil & Gas, Inc. (a)(d) | 13,122 | 15,746 | |
| 1,274,179,731 | ||
TOTAL ENERGY | 1,606,396,650 | ||
FINANCIALS - 17.0% | |||
Capital Markets - 2.0% | |||
Affiliated Managers Group, Inc. (a) | 48,529 | 7,096,396 | |
Ameriprise Financial, Inc. | 193,199 | 13,259,247 | |
Arlington Asset Investment Corp. | 9,211 | 237,644 | |
Artio Global Investors, Inc. Class A | 48,721 | 132,521 | |
Bank of New York Mellon Corp. | 1,100,094 | 29,856,551 | |
BGC Partners, Inc. Class A | 92,324 | 394,223 | |
BlackRock, Inc. Class A | 116,972 | 28,044,037 | |
Calamos Asset Management, Inc. Class A | 22,184 | 248,017 | |
Charles Schwab Corp. | 1,009,176 | 16,389,018 | |
CIFI Corp. (a) | 3,896 | 32,960 | |
Cohen & Steers, Inc. | 17,375 | 572,854 | |
Cowen Group, Inc. Class A (a) | 80,174 | 209,254 | |
Diamond Hill Investment Group, Inc. | 1,102 | 82,672 | |
Duff & Phelps Corp. Class A | 22,401 | 348,112 | |
E*TRADE Financial Corp. (a) | 224,502 | 2,404,416 | |
Eaton Vance Corp. (non-vtg.) (d) | 104,783 | 4,001,663 | |
Epoch Holding Corp. | 13,351 | 373,160 | |
Evercore Partners, Inc. Class A | 25,847 | 1,051,973 | |
FBR Capital Markets Corp. (a) | 11,471 | 202,578 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 80,486 | 1,868,885 | |
Financial Engines, Inc. | 37,117 | 1,212,984 | |
Franklin Resources, Inc. | 129,776 | 18,330,860 | |
FXCM, Inc. Class A (d) | 51,378 | 675,621 | |
GAMCO Investors, Inc. Class A | 6,083 | 325,441 | |
GFI Group, Inc. | 69,449 | 243,766 | |
Gleacher & Co., Inc. (a) | 36,175 | 21,235 | |
Goldman Sachs Group, Inc. | 412,530 | 61,780,493 | |
Greenhill & Co., Inc. | 23,725 | 1,442,006 | |
HFF, Inc. | 24,812 | 455,548 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
ICG Group, Inc. (a) | 32,808 | $ 427,488 | |
Institutional Financial Markets, Inc. | 6,881 | 18,923 | |
INTL FCStone, Inc. (a)(d) | 15,053 | 268,546 | |
Invesco Ltd. | 400,700 | 10,734,753 | |
Investment Technology Group, Inc. (a) | 55,680 | 674,285 | |
Janus Capital Group, Inc. (d) | 187,399 | 1,735,315 | |
JMP Group, Inc. | 11,989 | 71,335 | |
Knight Capital Group, Inc. Class A (a) | 70,305 | 260,129 | |
Ladenburg Thalmann Financial Services, Inc. (a) | 42,620 | 55,406 | |
Legg Mason, Inc. | 149,276 | 4,254,366 | |
LPL Financial | 55,040 | 1,735,411 | |
Manning & Napier, Inc. | 3,941 | 58,879 | |
Medallion Financial Corp. | 4,309 | 56,017 | |
Morgan Stanley | 1,286,946 | 29,020,632 | |
Northern Trust Corp. | 199,951 | 10,631,395 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 129,352 | |
Piper Jaffray Companies (a)(d) | 20,940 | 807,656 | |
Pzena Investment Management, Inc. | 4,972 | 31,274 | |
Raymond James Financial, Inc. | 100,886 | 4,426,878 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 404,919 | |
SEI Investments Co. | 130,771 | 3,696,896 | |
State Street Corp. | 433,197 | 24,514,618 | |
Stifel Financial Corp. (a)(d) | 43,239 | 1,493,475 | |
SWS Group, Inc. (a) | 24,189 | 155,051 | |
T. Rowe Price Group, Inc. | 236,667 | 16,848,324 | |
TD Ameritrade Holding Corp. (d) | 223,704 | 4,252,613 | |
Teton Advisors, Inc. (a) | 106 | 2,014 | |
U.S. Global Investments, Inc. Class A | 7,637 | 29,021 | |
Virtus Investment Partners, Inc. (a)(d) | 4,798 | 806,112 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,873,246 | |
Walter Investment Management Corp. (a) | 33,105 | 1,520,182 | |
Westwood Holdings Group, Inc. | 3,640 | 150,514 | |
WisdomTree Investments, Inc. (a) | 96,770 | 880,607 | |
| 314,319,767 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. | 8,597 | 202,545 | |
1st United Bancorp, Inc. | 20,464 | 124,421 | |
Access National Corp. | 1,270 | 20,206 | |
ACNB Corp. | 3,789 | 62,746 | |
Alliance Financial Corp. | 5,029 | 223,539 | |
American National Bankshares, Inc. | 2,748 | 55,592 | |
Ameris Bancorp (a) | 34,183 | 474,460 | |
Ames National Corp. | 1,209 | 25,026 | |
Arrow Financial Corp. | 15,508 | 375,914 | |
Associated Banc-Corp. | 148,936 | 2,143,189 | |
BancFirst Corp. | 10,611 | 424,864 | |
Bancorp, Inc., Delaware (a) | 28,595 | 365,158 | |
BancorpSouth, Inc. | 84,413 | 1,291,519 | |
| |||
Shares | Value | ||
Bank of Hawaii Corp. | 64,151 | $ 3,104,267 | |
Bank of Kentucky Financial Corp. | 1,699 | 45,397 | |
Bank of Marin Bancorp | 2,794 | 105,026 | |
Bank of the Ozarks, Inc. (d) | 37,486 | 1,439,088 | |
BankUnited, Inc. | 48,423 | 1,373,276 | |
Banner Bank | 13,068 | 388,250 | |
Bar Harbor Bankshares | 2,686 | 95,756 | |
BB&T Corp. | 654,452 | 19,869,163 | |
BBCN Bancorp, Inc. | 67,581 | 836,653 | |
BCB Bancorp, Inc. | 2,814 | 26,958 | |
BOK Financial Corp. | 38,531 | 2,289,897 | |
Boston Private Financial Holdings, Inc. | 63,942 | 583,790 | |
Bridge Bancorp, Inc. | 540 | 11,372 | |
Bridge Capital Holdings (a) | 1,107 | 16,849 | |
Bryn Mawr Bank Corp. | 9,420 | 216,095 | |
BSB Bancorp, Inc. (a) | 6,958 | 91,846 | |
C & F Financial Corp. | 573 | 22,891 | |
Camden National Corp. | 1,850 | 62,697 | |
Capital Bank Financial Corp. Series A | 10,674 | 197,469 | |
Capital City Bank Group, Inc. (a)(d) | 7,146 | 81,822 | |
CapitalSource, Inc. | 188,339 | 1,695,051 | |
Cardinal Financial Corp. | 22,155 | 352,929 | |
Cascade Bancorp (a)(d) | 4,186 | 25,242 | |
Cathay General Bancorp | 74,072 | 1,443,663 | |
Center Bancorp, Inc. | 6,904 | 85,610 | |
Centerstate Banks of Florida, Inc. | 6,387 | 54,098 | |
Central Pacific Financial Corp. (a)(d) | 26,089 | 404,119 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 22,638 | |
Chemical Financial Corp. | 26,904 | 658,879 | |
CIT Group, Inc. (a) | 188,005 | 7,869,889 | |
Citizens & Northern Corp. | 8,777 | 171,152 | |
Citizens Republic Bancorp, Inc. (a) | 39,789 | 819,653 | |
City Holding Co. (d) | 22,173 | 840,800 | |
City National Corp. (d) | 45,217 | 2,568,778 | |
CNB Financial Corp., Pennsylvania | 7,083 | 119,349 | |
CoBiz, Inc. | 39,972 | 331,368 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 596,300 | |
Comerica, Inc. | 181,563 | 6,242,136 | |
Commerce Bancshares, Inc. | 76,716 | 2,922,112 | |
Community Bank System, Inc. | 29,335 | 846,901 | |
Community Trust Bancorp, Inc. | 13,652 | 465,943 | |
CU Bancorp (a) | 6,814 | 83,812 | |
Cullen/Frost Bankers, Inc. | 71,142 | 4,308,360 | |
CVB Financial Corp. (d) | 84,778 | 898,647 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 16,194 | 351,410 | |
East West Bancorp, Inc. | 172,545 | 4,244,607 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 5,492 | |
Enterprise Bancorp, Inc. | 803 | 12,760 | |
Enterprise Financial Services Corp. | 12,168 | 170,109 | |
Farmers National Banc Corp. | 14,652 | 91,575 | |
Fidelity Southern Corp. | 3,363 | 37,329 | |
Fifth Third Bancorp | 855,912 | 13,557,646 | |
Financial Institutions, Inc. | 12,700 | 253,111 | |
First Bancorp, North Carolina | 9,193 | 122,635 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Bancorp, Puerto Rico (a)(d) | 46,129 | $ 252,326 | |
First Busey Corp. (d) | 50,381 | 226,715 | |
First California Financial Group, Inc. (a) | 10,516 | 84,549 | |
First Citizen Bancshares, Inc. | 5,973 | 1,072,452 | |
First Commonwealth Financial Corp. | 74,665 | 542,815 | |
First Community Bancshares, Inc. | 8,561 | 133,723 | |
First Connecticut Bancorp, Inc. | 11,897 | 170,246 | |
First Financial Bancorp, Ohio | 41,951 | 643,109 | |
First Financial Bankshares, Inc. (d) | 43,848 | 1,955,621 | |
First Financial Corp., Indiana | 8,837 | 271,738 | |
First Financial Service Corp. (a) | 2,521 | 8,092 | |
First Horizon National Corp. | 203,894 | 2,167,393 | |
First Interstate Bancsystem, Inc. | 19,621 | 358,476 | |
First M&F Corp. | 2,170 | 29,751 | |
First Merchants Corp. | 25,012 | 371,928 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 1,047,275 | |
First Niagara Financial Group, Inc. | 297,749 | 2,435,587 | |
First of Long Island Corp. | 1,768 | 50,512 | |
First Republic Bank | 67,611 | 2,464,421 | |
First United Corp. (a) | 3,018 | 24,204 | |
FirstMerit Corp. (d) | 97,649 | 1,476,453 | |
FNB Corp., Pennsylvania | 105,430 | 1,197,685 | |
FNB United Corp. (a) | 6,555 | 66,599 | |
Fulton Financial Corp. (d) | 187,360 | 2,126,536 | |
German American Bancorp, Inc. | 4,623 | 100,596 | |
Glacier Bancorp, Inc. | 63,024 | 1,099,139 | |
Great Southern Bancorp, Inc. | 6,815 | 163,628 | |
Guaranty Bancorp (a) | 13,950 | 28,179 | |
Hampton Roads Bankshares, Inc. (a)(d) | 89,921 | 118,696 | |
Hancock Holding Co. | 79,232 | 2,392,806 | |
Hanmi Financial Corp. (a) | 26,311 | 447,024 | |
Hawthorn Bancshares, Inc. | 1,439 | 14,606 | |
Heartland Financial USA, Inc. | 8,878 | 208,988 | |
Heritage Commerce Corp. (a) | 14,712 | 99,453 | |
Heritage Financial Corp., Washington | 12,768 | 176,837 | |
Heritage Oaks Bancorp (a) | 3,340 | 18,771 | |
Home Bancshares, Inc. | 25,101 | 849,669 | |
HomeTrust Bancshares, Inc. (d) | 20,129 | 310,993 | |
Horizon Bancorp Industries | 706 | 14,318 | |
Hudson Valley Holding Corp. | 14,551 | 220,884 | |
Huntington Bancshares, Inc. | 815,715 | 5,734,476 | |
IBERIABANK Corp. (d) | 26,893 | 1,350,029 | |
Independent Bank Corp. (a) | 1,144 | 6,761 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 822,197 | |
International Bancshares Corp. (d) | 64,813 | 1,312,463 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 33,449 | |
Investors Bancorp, Inc. | 53,522 | 945,734 | |
KeyCorp | 879,084 | 8,254,599 | |
Lakeland Bancorp, Inc. | 23,579 | 226,594 | |
Lakeland Financial Corp. | 13,545 | 334,832 | |
| |||
Shares | Value | ||
M&T Bank Corp. | 113,824 | $ 11,620,292 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 111,683 | |
MainSource Financial Group, Inc. | 13,271 | 185,794 | |
MB Financial, Inc. | 47,874 | 1,135,093 | |
MBT Financial Corp. (a) | 1,548 | 5,619 | |
Merchants Bancshares, Inc. | 5,246 | 151,295 | |
Metro Bancorp, Inc. (a) | 11,557 | 192,424 | |
Metrocorp Bancshares, Inc. (a) | 6,201 | 64,118 | |
Midsouth Bancorp, Inc. | 5,240 | 80,015 | |
National Bank Holdings Corp. | 12,034 | 217,695 | |
National Bankshares, Inc. | 5,803 | 195,793 | |
National Penn Bancshares, Inc. (d) | 120,787 | 1,183,713 | |
NBT Bancorp, Inc. | 33,888 | 693,348 | |
NewBridge Bancorp (a) | 7,211 | 42,401 | |
North Valley Bancorp (a) | 849 | 14,408 | |
Northrim Bancorp, Inc. | 2,935 | 63,807 | |
Old National Bancorp, Indiana | 98,018 | 1,323,243 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 63,257 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 179,215 | |
Oriental Financial Group, Inc. (d) | 40,168 | 614,972 | |
Orrstown Financial Services, Inc. (a) | 5,669 | 80,216 | |
Pacific Continental Corp. | 3,048 | 32,400 | |
Pacific Mercantile Bancorp (a) | 9,641 | 57,460 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 419 | |
PacWest Bancorp (d) | 32,508 | 888,444 | |
Park National Corp. (d) | 11,650 | 768,667 | |
Park Sterling Corp. (a) | 28,617 | 162,545 | |
Penns Woods Bancorp, Inc. (d) | 1,028 | 41,603 | |
Peoples Bancorp, Inc. | 3,334 | 72,248 | |
Peoples Financial Corp., Mississippi | 2,667 | 32,057 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 653,167 | |
PNC Financial Services Group, Inc. | 496,403 | 30,970,583 | |
Popular, Inc. (a) | 112,654 | 3,145,300 | |
Preferred Bank, Los Angeles (a) | 1,131 | 18,232 | |
Premier Financial Bancorp, Inc. | 115 | 1,340 | |
PrivateBancorp, Inc. | 92,031 | 1,648,275 | |
Prosperity Bancshares, Inc. (d) | 49,088 | 2,264,920 | |
Regions Financial Corp. | 1,378,520 | 10,545,678 | |
Renasant Corp. (d) | 22,516 | 495,577 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 393,956 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,861 | |
S&T Bancorp, Inc. | 32,238 | 582,218 | |
S.Y. Bancorp, Inc. | 6,551 | 148,380 | |
Sandy Spring Bancorp, Inc. | 13,803 | 267,226 | |
SCBT Financial Corp. (d) | 10,493 | 499,677 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 52,798 | |
Shore Bancshares, Inc. | 2,958 | 19,759 | |
Sierra Bancorp | 3,618 | 45,804 | |
Signature Bank (a)(d) | 42,555 | 3,160,560 | |
Simmons First National Corp. Class A | 10,951 | 275,308 | |
Southside Bancshares, Inc. | 12,735 | 272,147 | |
Southwest Bancorp, Inc., Oklahoma (a)(d) | 15,446 | 200,644 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
State Bank Financial Corp. | 26,469 | $ 420,857 | |
StellarOne Corp. | 11,962 | 184,095 | |
Sterling Bancorp, New York | 27,642 | 281,119 | |
Sterling Financial Corp. | 40,387 | 855,397 | |
Suffolk Bancorp (a) | 15,697 | 221,014 | |
Sun Bancorp, Inc., New Jersey (a)(d) | 48,802 | 175,687 | |
SunTrust Banks, Inc. | 510,552 | 14,086,130 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,904,924 | |
SVB Financial Group (a) | 38,629 | 2,590,461 | |
Synovus Financial Corp. (d) | 1,042,950 | 2,649,093 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 164,903 | |
TCF Financial Corp. | 168,588 | 2,316,399 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,879,978 | |
The First Bancorp, Inc. | 2,896 | 50,188 | |
Tompkins Financial Corp. | 6,518 | 270,041 | |
TowneBank (d) | 18,594 | 270,357 | |
Trico Bancshares | 12,062 | 205,657 | |
Trustmark Corp. | 94,171 | 2,156,516 | |
U.S. Bancorp | 1,760,333 | 59,816,115 | |
UMB Financial Corp. | 29,731 | 1,355,436 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,121,267 | |
Union/First Market Bankshares Corp. | 16,413 | 297,896 | |
United Bankshares, Inc., West Virginia (d) | 35,646 | 926,796 | |
United Community Banks, Inc., Georgia (a) | 43,617 | 469,755 | |
Univest Corp. of Pennsylvania | 10,023 | 166,282 | |
Valley National Bancorp (d) | 184,448 | 1,850,013 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 509,205 | |
Washington Banking Co., Oak Harbor | 5,615 | 77,150 | |
Washington Trust Bancorp, Inc. | 15,489 | 409,529 | |
Webster Financial Corp. | 85,199 | 1,876,082 | |
Wells Fargo & Co. | 4,595,089 | 161,195,722 | |
WesBanco, Inc. | 21,334 | 499,002 | |
West Bancorp., Inc. | 1,202 | 13,306 | |
West Coast Bancorp | 13,663 | 321,081 | |
Westamerica Bancorp. | 22,409 | 991,598 | |
Western Alliance Bancorp. (a)(d) | 61,889 | 823,124 | |
Wilshire Bancorp, Inc. (a) | 41,540 | 243,840 | |
Wintrust Financial Corp. (d) | 33,573 | 1,225,415 | |
Zions Bancorporation | 180,863 | 4,366,033 | |
| 478,962,888 | ||
Consumer Finance - 0.8% | |||
American Express Co. | 908,418 | 56,458,179 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 57,085 | |
Asta Funding, Inc. | 4,468 | 42,982 | |
Atlanticus Holdings Corp. (a)(d) | 35,598 | 115,338 | |
Capital One Financial Corp. | 541,201 | 27,617,487 | |
Cash America International, Inc. (d) | 23,667 | 1,198,497 | |
Consumer Portfolio Services, Inc. (a)(d) | 2,464 | 20,328 | |
Credit Acceptance Corp. (a) | 9,077 | 1,003,281 | |
| |||
Shares | Value | ||
DFC Global Corp. (a)(d) | 43,285 | $ 808,564 | |
Discover Financial Services | 473,884 | 18,258,751 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 477,528 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 48,356 | 1,000,002 | |
First Cash Financial Services, Inc. (a)(d) | 28,920 | 1,530,157 | |
First Marblehead Corp. (a)(d) | 51,880 | 45,551 | |
Green Dot Corp. Class A (a) | 44,284 | 620,862 | |
Imperial Holdings, Inc. (a)(d) | 16,708 | 66,832 | |
Nelnet, Inc. Class A | 22,213 | 737,027 | |
Netspend Holdings, Inc. (a) | 44,711 | 708,669 | |
Portfolio Recovery Associates, Inc. (a)(d) | 16,868 | 1,972,291 | |
SLM Corp. | 416,481 | 7,900,645 | |
World Acceptance Corp. (a)(d) | 15,268 | 1,201,592 | |
| 121,841,648 | ||
Diversified Financial Services - 3.0% | |||
Bank of America Corp. | 10,096,598 | 113,384,796 | |
CBOE Holdings, Inc. | 75,768 | 2,721,587 | |
Citigroup, Inc. | 2,746,452 | 115,268,590 | |
CME Group, Inc. | 287,473 | 17,196,635 | |
Gain Capital Holdings, Inc. | 15,735 | 69,863 | |
Interactive Brokers Group, Inc. | 35,966 | 529,060 | |
IntercontinentalExchange, Inc. (a)(d) | 65,579 | 10,152,941 | |
JPMorgan Chase & Co. | 3,552,220 | 173,774,602 | |
Leucadia National Corp. (d) | 274,854 | 7,393,573 | |
Life Partners Holdings, Inc. (d) | 18,668 | 74,299 | |
MarketAxess Holdings, Inc. (d) | 38,326 | 1,497,014 | |
Marlin Business Services Corp. | 13,319 | 252,395 | |
McGraw-Hill Companies, Inc. | 257,711 | 11,996,447 | |
MicroFinancial, Inc. | 86 | 634 | |
Moody's Corp. (d) | 180,684 | 8,683,673 | |
MSCI, Inc. Class A (a)(d) | 121,379 | 4,021,286 | |
NewStar Financial, Inc. (a)(d) | 27,065 | 366,189 | |
NYSE Euronext | 235,811 | 8,791,034 | |
PHH Corp. (a)(d) | 45,131 | 948,202 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 394,601 | |
Resource America, Inc. Class A | 2,362 | 21,045 | |
The NASDAQ Stock Market, Inc. | 124,702 | 3,948,065 | |
Vector Capital Corp. rights (a) | 4,280 | 0 | |
| 481,486,531 | ||
Insurance - 4.2% | |||
ACE Ltd. | 311,412 | 26,591,471 | |
AFLAC, Inc. | 437,110 | 21,833,645 | |
Alleghany Corp. | 16,625 | 6,282,089 | |
Allied World Assurance Co. Holdings Ltd. | 33,827 | 2,970,349 | |
Allstate Corp. | 443,988 | 20,432,328 | |
American Equity Investment Life Holding Co. (d) | 51,311 | 712,197 | |
American Financial Group, Inc. | 76,865 | 3,378,985 | |
American International Group, Inc. (a) | 1,380,642 | 52,478,202 | |
American National Insurance Co. | 11,975 | 962,431 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 61,053 | |
Amerisafe, Inc. (d) | 28,834 | 940,565 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Amtrust Financial Services, Inc. (d) | 26,184 | $ 870,618 | |
Aon PLC | 293,587 | 17,935,230 | |
Arch Capital Group Ltd. (a)(d) | 122,181 | 6,001,531 | |
Argo Group International Holdings, Ltd. | 29,792 | 1,131,500 | |
Arthur J. Gallagher & Co. | 116,853 | 4,496,503 | |
Aspen Insurance Holdings Ltd. | 68,795 | 2,466,989 | |
Assurant, Inc. | 95,115 | 3,993,879 | |
Assured Guaranty Ltd. | 183,926 | 3,433,898 | |
Axis Capital Holdings Ltd. | 106,761 | 4,348,376 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 118,406 | |
Berkshire Hathaway, Inc. Class B (a) | 1,707,202 | 174,407,756 | |
Brown & Brown, Inc. | 116,705 | 3,501,150 | |
Cincinnati Financial Corp. | 161,273 | 7,258,898 | |
Citizens, Inc. Class A (a)(d) | 31,937 | 293,501 | |
CNA Financial Corp. | 51,802 | 1,633,835 | |
CNO Financial Group, Inc. | 187,983 | 2,056,534 | |
Crawford & Co. Class B | 10,464 | 86,433 | |
Donegal Group, Inc. Class A | 4,528 | 65,294 | |
Eastern Insurance Holdings, Inc. | 901 | 16,777 | |
eHealth, Inc. (a) | 26,343 | 409,107 | |
EMC Insurance Group | 5,816 | 149,704 | |
Employers Holdings, Inc. | 36,335 | 763,398 | |
Endurance Specialty Holdings Ltd. (d) | 33,058 | 1,455,874 | |
Enstar Group Ltd. (a) | 9,122 | 1,143,351 | |
Erie Indemnity Co. Class A | 24,672 | 1,805,990 | |
Everest Re Group Ltd. | 47,316 | 5,896,047 | |
FBL Financial Group, Inc. Class A | 12,986 | 471,911 | |
Federated National Holding Co. | 1,278 | 7,272 | |
Fidelity National Financial, Inc. Class A | 187,810 | 4,683,981 | |
First Acceptance Corp. (a) | 4,055 | 4,663 | |
First American Financial Corp. | 99,791 | 2,423,923 | |
Fortegra Financial Corp. (a) | 10,670 | 96,564 | |
Genworth Financial, Inc. Class A (a) | 453,375 | 3,871,823 | |
Global Indemnity PLC (a) | 13,709 | 316,678 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 409,171 | |
Hallmark Financial Services, Inc. (a) | 10,337 | 93,653 | |
Hanover Insurance Group, Inc. | 48,173 | 2,056,024 | |
Hartford Financial Services Group, Inc. (d) | 404,630 | 9,553,314 | |
HCC Insurance Holdings, Inc. | 77,118 | 3,084,720 | |
Health Insurance Innovations | 4,900 | 61,201 | |
Hilltop Holdings, Inc. (a)(d) | 54,392 | 698,393 | |
Homeowners Choice, Inc. (d) | 3,589 | 72,354 | |
Horace Mann Educators Corp. | 37,921 | 775,864 | |
Independence Holding Co. | 16,014 | 151,973 | |
Infinity Property & Casualty Corp. | 13,372 | 751,373 | |
Investors Title Co. | 1,086 | 71,600 | |
Kansas City Life Insurance Co. | 2,863 | 106,847 | |
Kemper Corp. | 45,013 | 1,424,211 | |
Lincoln National Corp. | 257,619 | 7,610,065 | |
Loews Corp. | 308,435 | 13,296,633 | |
| |||
Shares | Value | ||
Maiden Holdings Ltd. | 73,970 | $ 745,618 | |
Markel Corp. (a) | 8,688 | 4,200,214 | |
Marsh & McLennan Companies, Inc. | 499,497 | 18,551,319 | |
MBIA, Inc. (a)(d) | 133,617 | 1,292,076 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 328,941 | |
Mercury General Corp. | 32,057 | 1,246,056 | |
MetLife, Inc. | 1,021,419 | 36,199,089 | |
Montpelier Re Holdings Ltd. | 62,043 | 1,533,703 | |
National Financial Partners Corp. (a)(d) | 57,169 | 1,123,943 | |
National Interstate Corp. | 7,859 | 261,548 | |
National Western Life Insurance Co. Class A (d) | 2,078 | 338,423 | |
Navigators Group, Inc. (a) | 15,156 | 851,161 | |
Old Republic International Corp. | 205,421 | 2,467,106 | |
OneBeacon Insurance Group Ltd. | 20,572 | 275,048 | |
PartnerRe Ltd. | 55,220 | 4,927,833 | |
Phoenix Companies, Inc. (a) | 3,067 | 76,982 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,740,228 | |
Primerica, Inc. | 38,359 | 1,207,158 | |
Principal Financial Group, Inc. | 266,275 | 8,416,953 | |
ProAssurance Corp. | 50,156 | 2,351,815 | |
Progressive Corp. (d) | 507,847 | 12,371,153 | |
Protective Life Corp. | 78,222 | 2,496,846 | |
Prudential Financial, Inc. | 429,423 | 23,863,036 | |
Reinsurance Group of America, Inc. | 67,866 | 3,902,295 | |
RenaissanceRe Holdings Ltd. | 38,496 | 3,366,090 | |
RLI Corp. | 13,036 | 898,702 | |
Safety Insurance Group, Inc. | 14,899 | 700,253 | |
Selective Insurance Group, Inc. | 42,720 | 950,093 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,490,128 | |
State Auto Financial Corp. | 6,222 | 104,530 | |
Stewart Information Services Corp. (d) | 21,434 | 496,197 | |
Symetra Financial Corp. | 63,181 | 832,094 | |
The Chubb Corp. | 243,401 | 20,452,986 | |
The Travelers Companies, Inc. | 352,417 | 28,341,375 | |
Torchmark Corp. | 96,240 | 5,407,726 | |
Tower Group, Inc. | 56,423 | 1,052,289 | |
United Fire Group, Inc. | 20,054 | 492,927 | |
Universal Insurance Holdings, Inc. | 15,547 | 68,251 | |
Unum Group | 290,729 | 7,114,139 | |
Validus Holdings Ltd. | 96,782 | 3,448,343 | |
W.R. Berkley Corp. | 93,123 | 3,864,605 | |
White Mountains Insurance Group Ltd. | 5,736 | 3,240,840 | |
XL Group PLC Class A | 291,212 | 8,340,312 | |
| 655,908,529 | ||
Real Estate Investment Trusts - 3.6% | |||
Acadia Realty Trust (SBI) (d) | 43,554 | 1,172,474 | |
AG Mortgage Investment Trust, Inc. | 18,957 | 497,242 | |
Agree Realty Corp. | 17,794 | 499,478 | |
Alexanders, Inc. | 2,701 | 876,475 | |
Alexandria Real Estate Equities, Inc. | 58,761 | 4,180,258 | |
American Assets Trust, Inc. | 30,756 | 929,754 | |
American Campus Communities, Inc. | 100,126 | 4,525,695 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Capital Agency Corp. (d) | 317,049 | $ 10,056,794 | |
American Capital Mortgage Investment Corp. | 52,567 | 1,350,972 | |
American Realty Capital Properties, Inc. | 7,446 | 98,511 | |
American Tower Corp. | 369,121 | 28,643,790 | |
Annaly Capital Management, Inc. (d) | 903,030 | 13,987,935 | |
Anworth Mortgage Asset Corp. (d) | 251,516 | 1,534,248 | |
Apartment Investment & Management Co. Class A | 129,351 | 3,831,377 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 396,785 | |
Apollo Residential Mortgage, Inc. | 12,502 | 279,795 | |
Arbor Realty Trust, Inc. | 29,871 | 236,578 | |
Ares Commercial Real Estate Corp. | 17,618 | 300,035 | |
Armour Residential REIT, Inc. | 350,513 | 2,344,932 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 822,664 | |
Associated Estates Realty Corp. (d) | 41,987 | 733,933 | |
AvalonBay Communities, Inc. | 106,629 | 13,310,498 | |
BioMed Realty Trust, Inc. (d) | 156,049 | 3,295,755 | |
Boston Properties, Inc. | 141,720 | 14,721,874 | |
Brandywine Realty Trust (SBI) (d) | 117,771 | 1,619,351 | |
BRE Properties, Inc. | 68,958 | 3,352,048 | |
BRT Realty Trust (a) | 5,568 | 41,259 | |
Camden Property Trust (SBI) | 76,966 | 5,321,429 | |
Campus Crest Communities, Inc. (d) | 32,807 | 411,400 | |
Capital Trust, Inc. Class A | 26,388 | 59,637 | |
CapLease, Inc. | 46,796 | 279,840 | |
Capstead Mortgage Corp. | 68,354 | 857,159 | |
CBL & Associates Properties, Inc. (d) | 132,387 | 3,010,480 | |
Cedar Shopping Centers, Inc. | 59,877 | 343,694 | |
Chatham Lodging Trust | 14,263 | 234,769 | |
Chesapeake Lodging Trust | 44,367 | 955,222 | |
Chimera Investment Corp. | 1,225,514 | 3,652,032 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,586,169 | |
Colony Financial, Inc. | 46,259 | 1,024,637 | |
CommonWealth REIT (d) | 92,858 | 2,344,665 | |
Coresite Realty Corp. | 24,333 | 788,389 | |
Corporate Office Properties Trust (SBI) (d) | 70,447 | 1,822,464 | |
Cousins Properties, Inc. (d) | 110,370 | 1,072,796 | |
Crexus Investment Corp. | 67,523 | 898,731 | |
CubeSmart (d) | 102,102 | 1,504,983 | |
CyrusOne, Inc. | 16,200 | 345,222 | |
Cys Investments, Inc. (d) | 154,865 | 1,836,699 | |
DCT Industrial Trust, Inc. (d) | 235,284 | 1,708,162 | |
DDR Corp. | 287,291 | 4,961,516 | |
DiamondRock Hospitality Co. | 161,462 | 1,443,470 | |
Digital Realty Trust, Inc. | 112,771 | 7,553,402 | |
Douglas Emmett, Inc. (d) | 131,928 | 3,233,555 | |
Duke Realty LP (d) | 288,029 | 4,654,549 | |
DuPont Fabros Technology, Inc. (d) | 100,616 | 2,330,267 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,373,666 | |
| |||
Shares | Value | ||
Education Realty Trust, Inc. | 93,993 | $ 1,025,464 | |
EPR Properties (d) | 65,817 | 3,211,211 | |
Equity Lifestyle Properties, Inc. | 37,774 | 2,783,566 | |
Equity One, Inc. | 59,709 | 1,403,759 | |
Equity Residential (SBI) | 300,187 | 16,522,292 | |
Essex Property Trust, Inc. (d) | 31,185 | 4,646,253 | |
Excel Trust, Inc. (d) | 30,162 | 380,343 | |
Extra Space Storage, Inc. | 91,185 | 3,413,966 | |
Federal Realty Investment Trust (SBI) | 65,716 | 6,979,696 | |
FelCor Lodging Trust, Inc. (a) | 200,216 | 1,005,084 | |
First Industrial Realty Trust, Inc. (d) | 73,033 | 1,159,034 | |
First Potomac Realty Trust (d) | 52,713 | 744,835 | |
Franklin Street Properties Corp. (d) | 68,554 | 942,618 | |
General Growth Properties, Inc. (d) | 418,652 | 8,012,999 | |
Getty Realty Corp. (d) | 23,628 | 469,725 | |
Gladstone Commercial Corp. | 10,709 | 203,043 | |
Glimcher Realty Trust (d) | 117,715 | 1,325,471 | |
Government Properties Income Trust (d) | 38,181 | 1,010,269 | |
Gramercy Capital Corp. (a) | 85,386 | 326,175 | |
Gyrodyne Co. of America, Inc. | 302 | 22,475 | |
Hatteras Financial Corp. | 121,103 | 3,232,239 | |
HCP, Inc. | 421,332 | 20,594,708 | |
Health Care REIT, Inc. | 238,305 | 15,284,883 | |
Healthcare Realty Trust, Inc. (d) | 75,869 | 2,018,115 | |
Healthcare Trust of America, Inc. | 41,271 | 473,791 | |
Hersha Hospitality Trust | 166,640 | 934,850 | |
Highwoods Properties, Inc. (SBI) (d) | 58,977 | 2,152,661 | |
Home Properties, Inc. | 43,481 | 2,714,084 | |
Hospitality Properties Trust (SBI) (d) | 104,935 | 2,801,765 | |
Host Hotels & Resorts, Inc. | 659,203 | 10,988,914 | |
Hudson Pacific Properties, Inc. | 39,210 | 884,970 | |
Inland Real Estate Corp. | 58,987 | 569,814 | |
Invesco Mortgage Capital, Inc. (d) | 122,202 | 2,568,686 | |
Investors Real Estate Trust (d) | 69,850 | 664,274 | |
iStar Financial, Inc. (a) | 71,516 | 714,445 | |
JAVELIN Mortgage Investment Corp. | 7,375 | 141,453 | |
Kilroy Realty Corp. | 69,106 | 3,646,033 | |
Kimco Realty Corp. (d) | 365,383 | 7,954,388 | |
Kite Realty Group Trust | 62,068 | 409,028 | |
LaSalle Hotel Properties (SBI) | 89,618 | 2,275,401 | |
Lexington Corporate Properties Trust (d) | 130,150 | 1,491,519 | |
Liberty Property Trust (SBI) (d) | 101,740 | 3,946,495 | |
LTC Properties, Inc. | 26,907 | 1,037,803 | |
Mack-Cali Realty Corp. (d) | 78,978 | 2,241,396 | |
Medical Properties Trust, Inc. | 109,056 | 1,583,493 | |
MFA Financial, Inc. | 335,157 | 2,976,194 | |
MHI Hospitality Corp. | 2,721 | 11,673 | |
Mid-America Apartment Communities, Inc. (d) | 43,592 | 3,027,028 | |
Monmouth Real Estate Investment Corp. Class A | 35,864 | 400,242 | |
MPG Office Trust, Inc. (a)(d) | 145,580 | 377,052 | |
National Health Investors, Inc. (d) | 21,683 | 1,405,058 | |
National Retail Properties, Inc. (d) | 95,841 | 3,301,722 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
New York Mortgage Trust, Inc. (d) | 42,080 | $ 296,243 | |
NorthStar Realty Finance Corp. | 126,141 | 1,128,962 | |
Omega Healthcare Investors, Inc. (d) | 98,005 | 2,743,160 | |
One Liberty Properties, Inc. | 11,261 | 244,589 | |
Parkway Properties, Inc. | 31,704 | 536,115 | |
Pebblebrook Hotel Trust (d) | 47,465 | 1,134,888 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 988,256 | |
PennyMac Mortgage Investment Trust (d) | 49,995 | 1,270,873 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | 2,927,649 | |
Plum Creek Timber Co., Inc. | 155,723 | 7,552,566 | |
PMC Commercial Trust | 8,500 | 59,585 | |
Post Properties, Inc. | 47,292 | 2,257,720 | |
Potlatch Corp. | 34,281 | 1,508,707 | |
Power (REIT) | 718 | 7,611 | |
Prologis, Inc. | 433,925 | 16,897,040 | |
PS Business Parks, Inc. | 16,465 | 1,218,245 | |
Public Storage | 135,985 | 20,562,292 | |
RAIT Financial Trust | 83,839 | 606,994 | |
Ramco-Gershenson Properties Trust (SBI) | 36,987 | 584,395 | |
Rayonier, Inc. (d) | 116,685 | 6,519,191 | |
Realty Income Corp. | 165,752 | 7,566,579 | |
Redwood Trust, Inc. | 89,769 | 1,818,720 | |
Regency Centers Corp. (d) | 90,033 | 4,670,912 | |
Resource Capital Corp. | 86,728 | 589,750 | |
Retail Opportunity Investments Corp. (d) | 70,350 | 908,219 | |
Retail Properties America, Inc. (d) | 28,399 | 420,305 | |
RLJ Lodging Trust | 96,663 | 2,067,622 | |
Rouse Properties, Inc. (d) | 17,327 | 287,801 | |
Ryman Hospitality Properties, Inc. (d) | 46,451 | 2,078,682 | |
Sabra Health Care REIT, Inc. (d) | 44,632 | 1,179,624 | |
Saul Centers, Inc. | 11,025 | 482,454 | |
Select Income (REIT) | 15,485 | 430,638 | |
Senior Housing Properties Trust (SBI) | 173,790 | 4,360,391 | |
Silver Bay Realty Trust Corp. (d) | 15,000 | 306,300 | |
Simon Property Group, Inc. | 289,740 | 46,028,096 | |
SL Green Realty Corp. (d) | 83,735 | 6,834,451 | |
Sovran Self Storage, Inc. | 24,309 | 1,478,960 | |
Spirit Realty Capital, Inc. (d) | 28,497 | 567,660 | |
Stag Industrial, Inc. (d) | 38,576 | 818,197 | |
Starwood Property Trust, Inc. | 118,310 | 3,306,765 | |
Strategic Hotel & Resorts, Inc. (a) | 334,781 | 2,437,206 | |
Summit Hotel Properties, Inc. | 38,502 | 369,619 | |
Sun Communities, Inc. | 36,167 | 1,682,851 | |
Sunstone Hotel Investors, Inc. (a) | 148,041 | 1,677,305 | |
Supertel Hospitality, Inc., Maryland (a) | 5,631 | 6,363 | |
Tanger Factory Outlet Centers, Inc. (d) | 79,590 | 2,808,731 | |
Taubman Centers, Inc. (d) | 52,569 | 4,033,094 | |
Terreno Realty Corp. | 12,136 | 217,234 | |
The Geo Group, Inc. | 66,308 | 2,290,278 | |
| |||
Shares | Value | ||
The Macerich Co. (d) | 126,640 | $ 7,612,330 | |
Two Harbors Investment Corp. | 262,968 | 3,381,768 | |
UDR, Inc. (d) | 225,065 | 5,370,051 | |
UMH Properties, Inc. | 10,346 | 103,667 | |
Universal Health Realty Income Trust (SBI) (d) | 13,491 | 770,471 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 561,741 | |
Ventas, Inc. | 276,442 | 19,566,565 | |
Vornado Realty Trust | 159,312 | 12,778,416 | |
Washington (REIT) (SBI) | 61,934 | 1,714,952 | |
Weingarten Realty Investors (SBI) | 108,015 | 3,310,660 | |
Western Asset Mortgage Capital Corp. | 17,996 | 386,734 | |
Weyerhaeuser Co. | 503,112 | 14,796,524 | |
Whitestone REIT Class B | 2,558 | 37,731 | |
Winthrop Realty Trust | 19,884 | 249,544 | |
WP Carey, Inc. (d) | 56,109 | 3,343,535 | |
ZAIS Financial Corp. (d) | 6,000 | 120,420 | |
| 572,536,966 | ||
Real Estate Management & Development - 0.1% | |||
Alexander & Baldwin, Inc. | 43,253 | 1,523,803 | |
American Spectrum Realty, Inc. (a) | 1,984 | 3,789 | |
AV Homes, Inc. (a) | 12,051 | 181,006 | |
CBRE Group, Inc. (a) | 275,685 | 6,663,306 | |
Consolidated-Tomoka Land Co. (d) | 2,432 | 82,810 | |
Forest City Enterprises, Inc. Class A (a)(d) | 131,291 | 2,105,908 | |
Forestar Group, Inc. (a)(d) | 31,999 | 557,423 | |
Howard Hughes Corp. (a) | 24,658 | 1,893,488 | |
Jones Lang LaSalle, Inc. | 35,580 | 3,438,451 | |
Kennedy-Wilson Holdings, Inc. (d) | 35,815 | 575,547 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 125,866 | |
Realogy Holdings Corp. | 39,674 | 1,779,379 | |
Tejon Ranch Co. (a) | 11,342 | 332,321 | |
The St. Joe Co. (a)(d) | 111,664 | 2,490,107 | |
Thomas Properties Group, Inc. | 22,789 | 118,731 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 106,797 | |
Zillow, Inc. (a)(d) | 16,135 | 693,160 | |
ZipRealty, Inc. (a) | 19,987 | 76,750 | |
| 22,748,642 | ||
Thrifts & Mortgage Finance - 0.3% | |||
Astoria Financial Corp. (d) | 69,632 | 681,001 | |
Bank Mutual Corp. | 56,001 | 320,326 | |
BankFinancial Corp. | 19,300 | 154,014 | |
BBX Capital Corp. (a)(d) | 18,261 | 147,549 | |
Beneficial Mutual Bancorp, Inc. (a) | 37,525 | 359,865 | |
Berkshire Hills Bancorp, Inc. | 17,169 | 417,207 | |
BofI Holding, Inc. (a)(d) | 11,427 | 384,747 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 791,008 | |
Camco Financial Corp. (a) | 347 | 1,270 | |
Cape Bancorp, Inc. | 2,611 | 23,734 | |
Capitol Federal Financial, Inc. | 173,299 | 2,050,127 | |
CFS Bancorp, Inc. | 688 | 5,270 | |
Charter Financial Corp., Georgia | 1,200 | 14,772 | |
Chicopee Bancorp, Inc. | 1,816 | 28,584 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Clifton Savings Bancorp, Inc. (d) | 15,589 | $ 176,156 | |
Dime Community Bancshares, Inc. | 51,879 | 737,201 | |
Doral Financial Corp. (a) | 159,443 | 90,803 | |
ESB Financial Corp. | 7,915 | 108,673 | |
ESSA Bancorp, Inc. | 4,298 | 47,493 | |
EverBank Financial Corp. | 16,362 | 247,066 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 300,173 | |
First Defiance Financial Corp. | 6,145 | 138,385 | |
First Financial Holdings, Inc. | 12,257 | 244,650 | |
First Financial Northwest, Inc. (a) | 2,197 | 17,422 | |
First PacTrust Bancorp, Inc. (d) | 4,303 | 44,192 | |
Flagstar Bancorp, Inc. (a)(d) | 37,206 | 505,630 | |
Flushing Financial Corp. | 47,044 | 743,295 | |
Fox Chase Bancorp, Inc. | 14,307 | 239,213 | |
Franklin Financial Corp./VA | 16,347 | 291,957 | |
HF Financial Corp. | 2,735 | 36,758 | |
Hingham Institution for Savings | 1,505 | 105,290 | |
Home Federal Bancorp, Inc. | 9,753 | 112,160 | |
HomeStreet, Inc. | 7,892 | 197,142 | |
Hudson City Bancorp, Inc. | 532,335 | 4,535,494 | |
IF Bancorp, Inc. (a) | 3,112 | 46,711 | |
Impac Mortgage Holdings, Inc. (a)(d) | 5,393 | 60,941 | |
Kearny Financial Corp. | 2,196 | 21,938 | |
Madison County Financial, Inc. (a) | 4,682 | 75,006 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 13,568 | |
MGIC Investment Corp. (a)(d) | 156,364 | 465,965 | |
NASB Financial, Inc. (a) | 1,203 | 26,719 | |
Nationstar Mortgage Holdings, Inc. (d) | 18,397 | 708,836 | |
New York Community Bancorp, Inc. | 408,522 | 5,515,047 | |
Northfield Bancorp, Inc. | 13,855 | 157,670 | |
Northwest Bancshares, Inc. | 92,094 | 1,150,254 | |
OceanFirst Financial Corp. | 5,851 | 81,563 | |
Ocwen Financial Corp. (a) | 108,754 | 4,287,083 | |
Oritani Financial Corp. | 26,763 | 393,684 | |
People's United Financial, Inc. | 329,770 | 4,319,987 | |
Peoples Federal Bancshares, Inc. | 1,156 | 20,669 | |
Poage Bankshares, Inc. | 2,365 | 33,228 | |
Provident Financial Holdings, Inc. | 3,066 | 52,429 | |
Provident Financial Services, Inc. | 56,391 | 845,301 | |
Provident New York Bancorp | 44,223 | 397,123 | |
PVF Capital Corp. (a) | 11,916 | 44,447 | |
Radian Group, Inc. (d) | 110,991 | 977,831 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,263 | |
Rockville Financial, Inc. | 5,182 | 66,641 | |
Security National Financial Corp. Class A | 9,669 | 74,548 | |
Simplicity Bancorp, Inc. | 10,338 | 157,551 | |
Territorial Bancorp, Inc. | 13,244 | 308,850 | |
TFS Financial Corp. (a) | 149,374 | 1,569,921 | |
Timberland Bancorp, Inc. | 5,034 | 41,581 | |
Tree.com, Inc. | 3,275 | 57,083 | |
| |||
Shares | Value | ||
Trustco Bank Corp., New York | 73,043 | $ 380,554 | |
United Community Financial Corp., Ohio (a) | 11,112 | 37,336 | |
United Financial Bancorp, Inc. | 9,158 | 136,912 | |
ViewPoint Financial Group (d) | 25,777 | 537,450 | |
Walker & Dunlop, Inc. (a) | 10,954 | 232,225 | |
Washington Federal, Inc. | 99,759 | 1,750,770 | |
Westfield Financial, Inc. | 28,907 | 225,186 | |
WSFS Financial Corp. | 10,396 | 493,810 | |
| 40,080,308 | ||
TOTAL FINANCIALS | 2,687,885,279 | ||
HEALTH CARE - 11.8% | |||
Biotechnology - 2.0% | |||
Aastrom Biosciences, Inc. (a) | 78,454 | 95,714 | |
ACADIA Pharmaceuticals, Inc. (a)(d) | 51,353 | 311,713 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 52,411 | 424,529 | |
Acorda Therapeutics, Inc. (a) | 35,775 | 1,064,306 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 29,390 | 22,336 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 538,546 | |
Affymax, Inc. (a)(d) | 50,245 | 133,652 | |
Agenus, Inc. (a)(d) | 7,526 | 32,211 | |
Alexion Pharmaceuticals, Inc. (a) | 182,104 | 15,795,701 | |
Alkermes PLC (a)(d) | 133,044 | 2,888,385 | |
Allos Therapeutics, Inc. rights | 74,291 | 1 | |
Alnylam Pharmaceuticals, Inc. (a) | 51,923 | 1,230,056 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 31,420 | 520,001 | |
Amgen, Inc. | 719,672 | 65,785,218 | |
Amicus Therapeutics, Inc. (a)(d) | 25,384 | 68,029 | |
Anacor Pharmaceuticals, Inc. (a)(d) | 15,721 | 54,709 | |
Anthera Pharmaceuticals, Inc. (a)(d) | 45,190 | 27,566 | |
Arena Pharmaceuticals, Inc. (a)(d) | 201,800 | 1,693,102 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 169,376 | 3,561,977 | |
ArQule, Inc. (a)(d) | 65,290 | 160,613 | |
Array Biopharma, Inc. (a) | 101,050 | 393,085 | |
Arrowhead Research Corp. (a) | 3,000 | 6,450 | |
Astex Pharmaceuticals, Inc. (a) | 71,219 | 232,174 | |
Athersys, Inc. (a)(d) | 40,391 | 61,394 | |
AVEO Pharmaceuticals, Inc. (a) | 43,200 | 288,144 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 40,934 | 49,121 | |
Biogen Idec, Inc. (a) | 221,141 | 36,784,594 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 116,539 | 6,755,766 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 283,666 | |
Biospecifics Technologies Corp. (a)(d) | 1,441 | 22,624 | |
Biota Pharmaceuticals, Inc. | 5,848 | 23,334 | |
BioTime, Inc. (a)(d) | 32,076 | 135,040 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 31,116 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 25,961 | 11,638 | |
Cel-Sci Corp. (a)(d) | 283,400 | 75,044 | |
Celgene Corp. (a) | 397,861 | 41,051,298 | |
Cell Therapeutics, Inc. (a) | 40,400 | 54,136 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a)(d) | 77,285 | $ 735,753 | |
Celsion Corp. (a)(d) | 34,856 | 33,810 | |
Cepheid, Inc. (a)(d) | 63,653 | 2,318,879 | |
Chelsea Therapeutics International Ltd. (a) | 75,408 | 119,145 | |
ChemoCentryx, Inc. (d) | 4,508 | 60,813 | |
Cleveland Biolabs, Inc. (a)(d) | 35,489 | 55,008 | |
Clovis Oncology, Inc. (a)(d) | 12,909 | 243,464 | |
Codexis, Inc. (a) | 21,294 | 44,079 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 78,551 | |
Cubist Pharmaceuticals, Inc. (a) | 68,221 | 2,894,617 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a) | 51,867 | 139,522 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 11,529 | 63,755 | |
Cytokinetics, Inc. (d) | 74,661 | 74,512 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 177,449 | |
CytRx Corp. (a)(d) | 25,756 | 54,088 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 8,595 | |
Dendreon Corp. (a)(d) | 131,169 | 759,469 | |
Discovery Laboratories, Inc. (a) | 38,893 | 95,677 | |
Durata Therapeutics, Inc. (d) | 7,156 | 61,184 | |
Dyax Corp. (a)(d) | 62,562 | 200,824 | |
Dynavax Technologies Corp. (a)(d) | 164,055 | 334,672 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 286,766 | |
EntreMed, Inc. (a) | 289 | 853 | |
Enzon Pharmaceuticals, Inc. (d) | 43,430 | 183,709 | |
Exact Sciences Corp. (a)(d) | 55,499 | 592,729 | |
Exelixis, Inc. (a)(d) | 160,939 | 733,882 | |
Galena Biopharma, Inc. (a)(d) | 57,499 | 109,823 | |
Genomic Health, Inc. (a)(d) | 14,126 | 404,710 | |
GenVec, Inc. (a) | 8,140 | 13,594 | |
Geron Corp. (a)(d) | 128,101 | 187,027 | |
Gilead Sciences, Inc. (a) | 1,419,039 | 60,607,156 | |
GTx, Inc. (a)(d) | 19,627 | 89,303 | |
Halozyme Therapeutics, Inc. (a)(d) | 76,082 | 415,408 | |
Hemispherx Biopharma, Inc. (a) | 130,774 | 28,770 | |
Hyperion Therapeutics, Inc. | 5,781 | 105,445 | |
iBio, Inc. (a)(d) | 40,361 | 25,629 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 86,105 | 362,502 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 5,571 | |
ImmunoCellular Therapeutics Ltd. (a)(d) | 41,923 | 106,484 | |
ImmunoGen, Inc. (a)(d) | 69,033 | 1,047,231 | |
Immunomedics, Inc. (a)(d) | 54,782 | 125,999 | |
Incyte Corp. (a)(d) | 120,183 | 2,668,063 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 35,540 | 1,467,447 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 88,089 | 60,781 | |
Insmed, Inc. (a)(d) | 12,114 | 74,622 | |
Intercept Pharmaceuticals, Inc. | 4,951 | 193,188 | |
InterMune, Inc. (a) | 73,941 | 655,857 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 75,886 | 1,132,978 | |
| |||
Shares | Value | ||
Isis Pharmaceuticals, Inc. (a)(d) | 87,255 | $ 1,282,649 | |
IsoRay, Inc. (a) | 31,040 | 16,420 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 424,907 | |
KYTHERA Biopharmaceuticals, Inc. | 4,269 | 111,250 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 482,347 | 950,224 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 344,148 | |
Lpath, Inc. (a) | 7,871 | 33,373 | |
MannKind Corp. (a)(d) | 137,962 | 353,183 | |
Maxygen, Inc. | 47,150 | 115,046 | |
Medgenics, Inc. (a) | 4,479 | 22,395 | |
Medivation, Inc. (a)(d) | 72,462 | 3,560,783 | |
Merrimack Pharmaceuticals, Inc. | 9,271 | 59,334 | |
Metabolix, Inc. (a)(d) | 41,636 | 101,175 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 548,279 | |
Myriad Genetics, Inc. (a) | 72,302 | 1,837,917 | |
Nanosphere, Inc. (a)(d) | 36,229 | 70,647 | |
Neuralstem, Inc. (a)(d) | 54,208 | 57,460 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 535,919 | |
NewLink Genetics Corp. (a)(d) | 12,482 | 146,913 | |
Novavax, Inc. (a) | 79,584 | 144,843 | |
NPS Pharmaceuticals, Inc. (a) | 67,196 | 536,224 | |
OncoGenex Pharmaceuticals, Inc. (a) | 10,565 | 125,618 | |
Oncothyreon, Inc. (a)(d) | 43,661 | 90,378 | |
Onyx Pharmaceuticals, Inc. (a)(d) | 66,929 | 5,040,423 | |
Opexa Therapeutics, Inc. (a)(d) | 5,726 | 10,994 | |
Opko Health, Inc. (a)(d) | 116,016 | 805,151 | |
Orexigen Therapeutics, Inc. (a) | 56,897 | 339,106 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 119,559 | |
OXiGENE, Inc. (a) | 561 | 2,311 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 7,690 | |
Palatin Technologies, Inc. (a) | 9,275 | 5,657 | |
PDL BioPharma, Inc. (d) | 108,271 | 773,055 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 84,902 | 110,373 | |
Pharmacyclics, Inc. (a)(d) | 52,344 | 4,594,756 | |
PharmAthene, Inc. (a)(d) | 51,372 | 66,784 | |
Progenics Pharmaceuticals, Inc. (a) | 25,311 | 66,821 | |
Puma Biotechnology, Inc. (d) | 7,873 | 202,415 | |
Raptor Pharmaceutical Corp. (a)(d) | 28,926 | 143,762 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 70,954 | 11,849,318 | |
Regulus Therapeutics, Inc. (d) | 11,075 | 57,036 | |
Repligen Corp. (a)(d) | 22,058 | 137,421 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 13,950 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 75,480 | 507,226 | |
Sangamo Biosciences, Inc. (a)(d) | 44,798 | 456,492 | |
Sarepta Therapeutics, Inc. (a)(d) | 28,140 | 823,658 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 82,762 | |
Seattle Genetics, Inc. (a)(d) | 102,878 | 2,894,987 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 312,303 | |
Spectrum Pharmaceuticals, Inc. (d) | 41,659 | 474,913 | |
StemCells, Inc. (a)(d) | 19,840 | 33,926 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 170,396 | |
Synageva BioPharma Corp. (a)(d) | 8,009 | 400,210 | |
Synergy Pharmaceuticals, Inc. (a)(d) | 58,693 | 321,051 | |
Synta Pharmaceuticals Corp. (a) | 35,423 | 304,284 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Synthetic Biologics, Inc. (a)(d) | 46,314 | $ 79,660 | |
Targacept, Inc. (a)(d) | 18,977 | 82,170 | |
Telik, Inc. (a) | 380 | 616 | |
Theravance, Inc. (a)(d) | 59,496 | 1,207,174 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 37,822 | 175,116 | |
Tranzyme, Inc. (a) | 10,681 | 5,652 | |
Trius Therapeutics, Inc. (a)(d) | 26,469 | 138,962 | |
Trovagene, Inc. (a)(d) | 4,592 | 28,241 | |
United Therapeutics Corp. (a)(d) | 48,248 | 2,885,713 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 165,793 | |
Verastem, Inc. (a) | 2,425 | 22,844 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 205,323 | 9,613,223 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a)(d) | 72,501 | 196,478 | |
Zalicus, Inc. (a)(d) | 104,856 | 68,366 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 350,945 | |
| 318,735,341 | ||
Health Care Equipment & Supplies - 2.2% | |||
Abaxis, Inc. (d) | 23,291 | 988,004 | |
Abbott Laboratories | 1,474,067 | 49,808,724 | |
Abiomed, Inc. (a)(d) | 36,354 | 583,118 | |
Accuray, Inc. (a)(d) | 37,835 | 161,555 | |
Alere, Inc. (a) | 62,700 | 1,427,052 | |
Align Technology, Inc. (a)(d) | 70,000 | 2,200,800 | |
Alphatec Holdings, Inc. (a) | 36,801 | 59,986 | |
Analogic Corp. (d) | 12,756 | 946,368 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 326,811 | |
Anika Therapeutics, Inc. (a) | 9,287 | 115,623 | |
Antares Pharma, Inc. (a)(d) | 97,369 | 334,949 | |
ArthroCare Corp. (a) | 20,678 | 722,076 | |
Atossa Genetics, Inc. | 789 | 5,050 | |
Atricure, Inc. (a) | 12,717 | 112,927 | |
Atrion Corp. | 1,172 | 229,993 | |
Bacterin International Holdings, Inc. (a)(d) | 9,747 | 8,821 | |
Baxter International, Inc. | 518,087 | 35,022,681 | |
Becton, Dickinson & Co. | 183,162 | 16,129,246 | |
BioLase Technology, Inc. (d) | 30,401 | 109,748 | |
Boston Scientific Corp. (a) | 1,371,433 | 10,134,890 | |
BSD Medical Corp. (a)(d) | 46,363 | 61,199 | |
C.R. Bard, Inc. | 78,513 | 7,761,010 | |
Cantel Medical Corp. | 32,623 | 1,015,554 | |
Cardica, Inc. (a) | 23,778 | 27,582 | |
Cardiovascular Systems, Inc. (a)(d) | 12,870 | 203,475 | |
CareFusion Corp. (a) | 200,931 | 6,578,481 | |
Cerus Corp. (a)(d) | 50,032 | 164,605 | |
Conceptus, Inc. (a)(d) | 26,951 | 601,816 | |
CONMED Corp. | 19,521 | 607,298 | |
Covidien PLC | 443,714 | 28,206,899 | |
Cryolife, Inc. | 20,961 | 128,491 | |
Cutera, Inc. (a) | 15,449 | 199,292 | |
| |||
Shares | Value | ||
Cyberonics, Inc. (a)(d) | 26,017 | $ 1,190,278 | |
Cynosure, Inc. Class A (a) | 12,701 | 359,819 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 185,842 | |
DENTSPLY International, Inc. | 147,347 | 6,103,113 | |
Derma Sciences, Inc. (a)(d) | 7,901 | 97,419 | |
DexCom, Inc. (a)(d) | 65,323 | 975,272 | |
DynaVox, Inc. Class A (a) | 5,368 | 2,460 | |
Edwards Lifesciences Corp. (a)(d) | 106,727 | 9,171,051 | |
Endologix, Inc. (a)(d) | 46,783 | 704,552 | |
EnteroMedics, Inc. (a) | 21,626 | 18,153 | |
ERBA Diagnostics, Inc. (a) | 3,094 | 2,321 | |
Exactech, Inc. (a) | 3,102 | 57,108 | |
Fonar Corp. (a) | 719 | 3,875 | |
Genmark Diagnostics, Inc. (a)(d) | 17,233 | 179,740 | |
Globus Medical, Inc. (d) | 7,896 | 114,097 | |
Greatbatch, Inc. (a) | 22,320 | 604,202 | |
Haemonetics Corp. (a)(d) | 43,426 | 1,791,323 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 104,209 | |
Hill-Rom Holdings, Inc. | 51,670 | 1,693,743 | |
Hologic, Inc. (a)(d) | 247,079 | 5,393,735 | |
ICU Medical, Inc. (a)(d) | 17,344 | 984,445 | |
IDEXX Laboratories, Inc. (a)(d) | 50,000 | 4,606,000 | |
Insulet Corp. (a)(d) | 55,000 | 1,241,350 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 578,386 | |
Intuitive Surgical, Inc. (a) | 37,346 | 19,042,352 | |
Invacare Corp. | 28,414 | 412,287 | |
Kewaunee Scientific Corp. | 1,376 | 17,998 | |
LeMaitre Vascular, Inc. | 3,845 | 23,455 | |
Mako Surgical Corp. (a)(d) | 32,106 | 410,636 | |
Masimo Corp. (d) | 62,689 | 1,244,377 | |
Medical Action Industries, Inc. (a) | 12,909 | 76,421 | |
Medtronic, Inc. | 949,634 | 42,695,545 | |
MELA Sciences, Inc. (a)(d) | 40,114 | 59,770 | |
Meridian Bioscience, Inc. (d) | 35,455 | 751,646 | |
Merit Medical Systems, Inc. (a) | 29,543 | 352,153 | |
Misonix, Inc. (a) | 2,579 | 14,700 | |
Natus Medical, Inc. (a) | 24,629 | 312,788 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 351,349 | |
Neogen Corp. (a) | 25,237 | 1,181,596 | |
NuVasive, Inc. (a)(d) | 44,714 | 830,339 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 480,553 | |
OraSure Technologies, Inc. (a)(d) | 46,551 | 258,824 | |
Orthofix International NV (a) | 16,427 | 612,070 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
PhotoMedex, Inc. (a)(d) | 6,551 | 96,627 | |
Quidel Corp. (a)(d) | 35,813 | 847,694 | |
ResMed, Inc. (d) | 155,104 | 6,900,577 | |
Retractable Technologies, Inc. (a) | 5,248 | 5,169 | |
Rochester Medical Corp. (a) | 2,100 | 30,996 | |
Rockwell Medical Technologies, Inc. (a)(d) | 7,369 | 32,497 | |
RTI Biologics, Inc. (a) | 29,474 | 106,991 | |
Sirona Dental Systems, Inc. (a) | 48,806 | 3,466,202 | |
Solta Medical, Inc. (a) | 40,698 | 92,791 | |
St. Jude Medical, Inc. (d) | 284,901 | 11,680,941 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Staar Surgical Co. (a) | 15,788 | $ 85,097 | |
Stereotaxis, Inc. (a)(d) | 2,453 | 5,348 | |
Steris Corp. (d) | 82,536 | 3,218,904 | |
Stryker Corp. | 269,553 | 17,219,046 | |
SurModics, Inc. (a) | 19,525 | 495,154 | |
Symmetry Medical, Inc. (a) | 29,367 | 306,298 | |
Synergetics USA, Inc. (a) | 3,622 | 19,269 | |
Teleflex, Inc. | 35,045 | 2,802,198 | |
The Cooper Companies, Inc. | 42,920 | 4,552,095 | |
The Spectranetics Corp. (a)(d) | 29,169 | 529,417 | |
Theragenics Corp. (a) | 22,546 | 36,750 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 14,260 | |
Thoratec Corp. (a) | 57,172 | 2,013,026 | |
TranS1, Inc. (a) | 5,200 | 11,388 | |
Unilife Corp. (a)(d) | 50,575 | 126,943 | |
Urologix, Inc. (a) | 3,267 | 2,189 | |
Uroplasty, Inc. (a) | 1,597 | 3,897 | |
Varian Medical Systems, Inc. (a)(d) | 101,219 | 7,149,098 | |
Vascular Solutions, Inc. (a) | 2,125 | 32,258 | |
Vermillion, Inc. (a) | 5,249 | 6,404 | |
Volcano Corp. (a)(d) | 46,394 | 1,003,966 | |
West Pharmaceutical Services, Inc. | 28,551 | 1,725,051 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 690,199 | |
Zeltiq Aesthetics, Inc. (a)(d) | 6,038 | 24,333 | |
Zimmer Holdings, Inc. | 161,495 | 12,105,665 | |
| 347,888,867 | ||
Health Care Providers & Services - 2.0% | |||
Acadia Healthcare Co., Inc. (a)(d) | 30,637 | 833,939 | |
Accretive Health, Inc. (a)(d) | 42,994 | 411,883 | |
Aetna, Inc. | 311,680 | 14,708,179 | |
Air Methods Corp. (d) | 37,158 | 1,664,307 | |
Alliance Healthcare Services, Inc. (a) | 17,141 | 120,673 | |
Almost Family, Inc. | 9,932 | 204,500 | |
Amedisys, Inc. (a)(d) | 20,047 | 226,531 | |
AmerisourceBergen Corp. | 235,018 | 11,092,850 | |
AMN Healthcare Services, Inc. (a)(d) | 76,320 | 1,076,112 | |
AmSurg Corp. (a) | 25,500 | 770,100 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 199,492 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 845,162 | |
BioScrip, Inc. (a) | 41,738 | 457,031 | |
Brookdale Senior Living, Inc. (a) | 93,728 | 2,594,391 | |
Capital Senior Living Corp. (a) | 26,619 | 612,237 | |
Cardinal Health, Inc. | 310,473 | 14,346,957 | |
CardioNet, Inc. (a) | 34,161 | 85,061 | |
Centene Corp. (a) | 49,035 | 2,207,556 | |
Chemed Corp. | 14,268 | 1,101,347 | |
Chindex International, Inc. (a)(d) | 9,187 | 100,598 | |
CIGNA Corp. | 263,345 | 15,395,149 | |
Community Health Systems, Inc. | 114,654 | 4,845,278 | |
Corvel Corp. (a) | 8,848 | 425,058 | |
| |||
Shares | Value | ||
Coventry Health Care, Inc. | 124,996 | $ 5,669,819 | |
Cross Country Healthcare, Inc. (a) | 40,427 | 230,434 | |
DaVita, Inc. (a) | 77,571 | 9,279,043 | |
Emeritus Corp. (a) | 31,438 | 895,669 | |
ExamWorks Group, Inc. (a)(d) | 20,990 | 297,218 | |
Express Scripts Holding Co. (a) | 763,329 | 43,441,053 | |
Five Star Quality Care, Inc. (a)(d) | 32,241 | 204,408 | |
Gentiva Health Services, Inc. (a) | 24,132 | 253,869 | |
Hanger, Inc. (a) | 27,160 | 805,566 | |
HCA Holdings, Inc. | 227,570 | 8,440,571 | |
Health Management Associates, Inc. Class A (a)(d) | 222,836 | 2,448,968 | |
Health Net, Inc. (a) | 71,306 | 1,835,416 | |
HealthSouth Corp. (a)(d) | 85,304 | 2,057,532 | |
Healthways, Inc. (a) | 33,821 | 434,600 | |
Henry Schein, Inc. (a)(d) | 78,240 | 6,980,573 | |
HMS Holdings Corp. (a)(d) | 81,690 | 2,368,193 | |
Hooper Holmes, Inc. (a) | 6,267 | 3,127 | |
Humana, Inc. | 145,992 | 9,965,414 | |
IPC The Hospitalist Co., Inc. (a)(d) | 20,567 | 857,644 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 421,171 | |
Laboratory Corp. of America Holdings (a) | 96,901 | 8,585,429 | |
Landauer, Inc. | 14,935 | 876,834 | |
LCA-Vision, Inc. (a) | 27,238 | 78,718 | |
LHC Group, Inc. (a) | 12,810 | 260,299 | |
LifePoint Hospitals, Inc. (a) | 49,772 | 2,194,447 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,298,590 | |
McKesson Corp. | 217,757 | 23,110,550 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,772,246 | |
Molina Healthcare, Inc. (a) | 24,412 | 778,987 | |
MWI Veterinary Supply, Inc. (a) | 13,354 | 1,686,076 | |
National Healthcare Corp. | 6,159 | 285,593 | |
National Research Corp. | 320 | 18,202 | |
NeoStem, Inc. (a)(d) | 112,699 | 68,239 | |
Omnicare, Inc. | 104,008 | 3,875,338 | |
Owens & Minor, Inc. (d) | 59,970 | 1,826,087 | |
Patterson Companies, Inc. | 78,096 | 2,838,009 | |
PDI, Inc. (a)(d) | 1,365 | 9,965 | |
PharMerica Corp. (a)(d) | 29,176 | 418,092 | |
Providence Service Corp. (a) | 13,245 | 226,225 | |
Quest Diagnostics, Inc. | 146,597 | 8,234,353 | |
RadNet, Inc. (a)(d) | 27,076 | 76,625 | |
Select Medical Holdings Corp. | 37,877 | 349,983 | |
Sharps Compliance Corp. (a) | 5,184 | 15,137 | |
Skilled Healthcare Group, Inc. (a)(d) | 27,157 | 158,054 | |
Team Health Holdings, Inc. (a) | 31,431 | 1,052,624 | |
Tenet Healthcare Corp. (a) | 99,732 | 3,920,465 | |
The Ensign Group, Inc. | 8,656 | 271,106 | |
Triple-S Management Corp. (a) | 20,220 | 363,151 | |
U.S. Physical Therapy, Inc. | 11,240 | 276,729 | |
UnitedHealth Group, Inc. | 956,152 | 51,106,324 | |
Universal American Spin Corp. (d) | 33,569 | 279,965 | |
Universal Health Services, Inc. Class B | 83,733 | 4,847,303 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Vanguard Health Systems, Inc. (a) | 30,455 | $ 452,866 | |
VCA Antech, Inc. (a)(d) | 74,767 | 1,641,883 | |
Wellcare Health Plans, Inc. (a) | 41,317 | 2,362,919 | |
WellPoint, Inc. | 291,689 | 18,137,222 | |
| 316,969,314 | ||
Health Care Technology - 0.1% | |||
Allscripts Healthcare Solutions, Inc. (a) | 157,560 | 2,004,163 | |
athenahealth, Inc. (a)(d) | 32,907 | 3,086,348 | |
Authentidate Holding Corp. (a) | 816 | 561 | |
Cerner Corp. (a)(d) | 135,411 | 11,843,046 | |
CollabRx, Inc. (a) | 87 | 297 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,143,795 | |
Epocrates, Inc. (a) | 10,933 | 128,463 | |
Greenway Medical Technologies (d) | 5,301 | 84,021 | |
HealthStream, Inc. (a)(d) | 34,016 | 727,602 | |
MedAssets, Inc. (a) | 39,701 | 733,277 | |
Medidata Solutions, Inc. (a) | 26,465 | 1,379,356 | |
Merge Healthcare, Inc. (a)(d) | 37,852 | 92,737 | |
Omnicell, Inc. (a) | 25,141 | 453,041 | |
Quality Systems, Inc. | 52,869 | 979,134 | |
Vocera Communications, Inc. (d) | 5,171 | 136,359 | |
| 22,792,200 | ||
Life Sciences Tools & Services - 0.6% | |||
Accelerate Diagnostics, Inc. (a) | 8,536 | 44,814 | |
Affymetrix, Inc. (a)(d) | 55,779 | 227,021 | |
Agilent Technologies, Inc. | 320,533 | 13,295,709 | |
Albany Molecular Research, Inc. (a) | 23,897 | 193,088 | |
Apricus Biosciences, Inc. (a)(d) | 18,211 | 48,623 | |
BG Medicine, Inc. (a) | 3,134 | 5,390 | |
Bio-Rad Laboratories, Inc. Class A (a) | 19,230 | 2,369,136 | |
Bruker BioSciences Corp. (a) | 80,763 | 1,416,583 | |
Cambrex Corp. (a) | 18,522 | 213,188 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,735,931 | |
Complete Genomics, Inc. (a) | 13,147 | 41,150 | |
Covance, Inc. (a)(d) | 51,822 | 3,450,827 | |
Enzo Biochem, Inc. (a) | 14,697 | 44,091 | |
Fluidigm Corp. (a)(d) | 18,074 | 311,957 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 341,360 | |
Harvard Bioscience, Inc. (a) | 675 | 3,881 | |
Illumina, Inc. (a)(d) | 126,010 | 6,316,881 | |
Life Technologies Corp. (a) | 158,332 | 9,203,839 | |
Luminex Corp. (a)(d) | 39,871 | 673,022 | |
Mettler-Toledo International, Inc. (a)(d) | 30,026 | 6,389,533 | |
Pacific Biosciences of California, Inc. (a) | 28,978 | 66,649 | |
PAREXEL International Corp. (a)(d) | 52,568 | 1,823,584 | |
PerkinElmer, Inc. | 100,729 | 3,441,910 | |
pSivida Corp. (a) | 25,265 | 54,320 | |
Sequenom, Inc. (a)(d) | 91,772 | 377,183 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 2,825 | |
| |||
Shares | Value | ||
Techne Corp. | 35,747 | $ 2,430,439 | |
Thermo Fisher Scientific, Inc. | 337,779 | 24,928,090 | |
Waters Corp. (a) | 81,803 | 7,584,774 | |
| 87,035,798 | ||
Pharmaceuticals - 4.9% | |||
AbbVie, Inc. | 1,484,571 | 54,810,361 | |
Actavis, Inc. (a) | 117,843 | 10,035,510 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 5,943 | |
Akorn, Inc. (a)(d) | 58,979 | 813,910 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 13,886 | 61,515 | |
Alimera Sciences, Inc. (a) | 3,741 | 11,223 | |
Allergan, Inc. | 290,720 | 31,519,862 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 26,020 | 100,958 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 644,217 | |
AVANIR Pharmaceuticals Class A (a)(d) | 100,270 | 273,737 | |
Biodel, Inc. (a)(d) | 8,109 | 22,138 | |
Biodelivery Sciences International, Inc. (a) | 15,298 | 57,673 | |
BioSante Pharmaceuticals, Inc. (a)(d) | 21,445 | 28,093 | |
Bristol-Myers Squibb Co. | 1,544,466 | 57,098,908 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 214,772 | |
Cempra, Inc. | 9,089 | 59,260 | |
Columbia Laboratories, Inc. (a)(d) | 42,578 | 26,279 | |
Corcept Therapeutics, Inc. (a)(d) | 36,105 | 58,851 | |
Cornerstone Therapeutics, Inc. (a) | 11,437 | 76,285 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 31,352 | |
DepoMed, Inc. (a)(d) | 31,971 | 206,852 | |
Durect Corp. (a) | 121,504 | 136,084 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 15,070 | |
Eli Lilly & Co. | 956,322 | 52,272,561 | |
Endo Health Solutions, Inc. (a) | 113,364 | 3,514,284 | |
Endocyte, Inc. (a)(d) | 47,373 | 457,149 | |
Forest Laboratories, Inc. (a) | 228,644 | 8,414,099 | |
Hi-Tech Pharmacal Co., Inc. (d) | 12,868 | 476,245 | |
Horizon Pharma, Inc. (d) | 37,555 | 79,241 | |
Hospira, Inc. (a) | 171,244 | 5,039,711 | |
Impax Laboratories, Inc. (a) | 57,998 | 1,150,100 | |
Jazz Pharmaceuticals PLC (a)(d) | 45,062 | 2,621,707 | |
Johnson & Johnson | 2,593,486 | 197,390,219 | |
Lannett Co., Inc. (a) | 27,670 | 228,554 | |
MAP Pharmaceuticals, Inc. (a)(d) | 25,044 | 626,100 | |
Merck & Co., Inc. | 2,849,519 | 121,759,947 | |
Mylan, Inc. (a) | 369,805 | 10,949,926 | |
Nektar Therapeutics (a)(d) | 110,915 | 1,028,182 | |
NuPathe, Inc. (a)(d) | 18,258 | 59,704 | |
Obagi Medical Products, Inc. (a) | 21,864 | 294,727 | |
Omeros Corp. (a)(d) | 20,009 | 108,649 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 39,316 | 476,510 | |
Pacira Pharmaceuticals, Inc. (a)(d) | 42,514 | 929,356 | |
Pain Therapeutics, Inc. | 34,536 | 101,190 | |
Pernix Therapeutics Holdings, Inc. (a)(d) | 5,833 | 34,765 | |
Perrigo Co. | 81,693 | 9,245,197 | |
Pfizer, Inc. | 6,900,227 | 188,859,213 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Pozen, Inc. (a)(d) | 23,223 | $ 143,750 | |
Questcor Pharmaceuticals, Inc. (d) | 59,227 | 1,930,800 | |
Repros Therapeutics, Inc. (a)(d) | 14,128 | 166,004 | |
Sagent Pharmaceuticals, Inc. (a)(d) | 10,801 | 177,136 | |
Salix Pharmaceuticals Ltd. (a) | 48,250 | 2,357,013 | |
Santarus, Inc. (a)(d) | 38,184 | 506,702 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 46,113 | 219,498 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 6,532 | 18,551 | |
Sucampo Pharmaceuticals, Inc. Class A (a) | 10,506 | 53,686 | |
Supernus Pharmaceuticals, Inc. (a)(d) | 9,151 | 70,097 | |
The Medicines Company (a) | 52,840 | 1,680,840 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 14,465 | |
Ventrus Biosciences, Inc. (a)(d) | 6,995 | 21,405 | |
ViroPharma, Inc. (a)(d) | 60,392 | 1,506,176 | |
VIVUS, Inc. (a)(d) | 111,051 | 1,190,467 | |
Warner Chilcott PLC (d) | 165,178 | 2,231,555 | |
XenoPort, Inc. (a)(d) | 57,569 | 439,827 | |
Zoetis, Inc. Class A | 82,000 | 2,742,900 | |
Zogenix, Inc. (a)(d) | 43,460 | 81,270 | |
| 777,978,331 | ||
TOTAL HEALTH CARE | 1,871,399,851 | ||
INDUSTRIALS - 11.1% | |||
Aerospace & Defense - 2.1% | |||
AAR Corp. | 45,448 | 798,521 | |
AeroVironment, Inc. (a)(d) | 13,243 | 292,935 | |
Alliant Techsystems, Inc. | 27,998 | 1,842,268 | |
American Science & Engineering, Inc. | 13,204 | 825,778 | |
API Technologies Corp. (a)(d) | 22,349 | 58,554 | |
Ascent Solar Technologies, Inc. (a)(d) | 33,082 | 21,503 | |
Astronics Corp. (a) | 6,636 | 182,822 | |
Astrotech Corp. (a) | 8,707 | 7,227 | |
BE Aerospace, Inc. (a) | 98,215 | 5,167,091 | |
Breeze Industrial Products Corp. (a) | 1,281 | 10,440 | |
CPI Aerostructures, Inc. (a) | 3,805 | 33,865 | |
Cubic Corp. | 13,440 | 560,986 | |
Curtiss-Wright Corp. | 45,438 | 1,577,153 | |
DigitalGlobe, Inc. (a) | 70,420 | 1,836,554 | |
Ducommun, Inc. (a) | 15,643 | 242,467 | |
EDAC Technologies Corp. (a)(d) | 4,274 | 65,392 | |
Engility Holdings, Inc. (a)(d) | 14,341 | 270,615 | |
Esterline Technologies Corp. (a) | 30,025 | 2,069,623 | |
Exelis, Inc. | 193,690 | 1,998,881 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 1,077,836 | |
General Dynamics Corp. | 313,129 | 21,283,378 | |
HEICO Corp. Class A | 36,331 | 1,209,822 | |
Hexcel Corp. (a) | 86,216 | 2,349,386 | |
| |||
Shares | Value | ||
Honeywell International, Inc. | 732,334 | $ 51,336,613 | |
Huntington Ingalls Industries, Inc. | 51,071 | 2,453,451 | |
Innovative Solutions & Support, Inc. | 21,878 | 100,201 | |
KEYW Holding Corp. (a)(d) | 21,302 | 308,879 | |
Kratos Defense & Security Solutions, Inc. (a)(d) | 44,930 | 190,054 | |
L-3 Communications Holdings, Inc. | 86,081 | 6,565,398 | |
LMI Aerospace, Inc. (a) | 6,877 | 152,326 | |
Lockheed Martin Corp. | 249,444 | 21,951,072 | |
Moog, Inc. Class A (a)(d) | 37,679 | 1,694,048 | |
National Presto Industries, Inc. (d) | 4,216 | 320,374 | |
Northrop Grumman Corp. | 225,796 | 14,830,281 | |
Orbital Sciences Corp. (a) | 40,989 | 605,817 | |
Precision Castparts Corp. | 137,053 | 25,572,719 | |
Raytheon Co. | 310,361 | 16,936,400 | |
Rockwell Collins, Inc. (d) | 124,488 | 7,482,974 | |
SIFCO Industries, Inc. | 891 | 14,292 | |
Sparton Corp. (a) | 3,920 | 56,213 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 98,651 | 1,717,514 | |
Sypris Solutions, Inc. | 16,848 | 69,751 | |
Taser International, Inc. (a) | 58,908 | 438,865 | |
Teledyne Technologies, Inc. (a) | 29,878 | 2,198,423 | |
Textron, Inc. | 260,495 | 7,515,281 | |
The Boeing Co. | 634,274 | 48,775,671 | |
TransDigm Group, Inc. | 48,745 | 6,938,363 | |
Triumph Group, Inc. | 48,645 | 3,571,029 | |
United Technologies Corp. | 787,352 | 71,294,724 | |
| 336,873,830 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a)(d) | 108,399 | 598,362 | |
Atlas Air Worldwide Holdings, Inc. (a) | 36,312 | 1,713,563 | |
C.H. Robinson Worldwide, Inc. | 150,495 | 8,581,225 | |
Echo Global Logistics, Inc. (a) | 11,731 | 218,783 | |
Expeditors International of Washington, Inc. | 197,701 | 7,680,684 | |
FedEx Corp. | 272,333 | 28,712,068 | |
Forward Air Corp. | 28,163 | 1,062,308 | |
Hub Group, Inc. Class A (a)(d) | 34,129 | 1,287,687 | |
Pacer International, Inc. (a)(d) | 29,688 | 123,205 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 71,902 | |
Radiant Logistics, Inc. (a)(d) | 14,104 | 30,465 | |
United Parcel Service, Inc. Class B | 666,512 | 55,087,217 | |
UTI Worldwide, Inc. | 92,577 | 1,409,948 | |
XPO Logistics, Inc. (a)(d) | 10,264 | 178,799 | |
| 106,756,216 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 59,510 | 3,067,741 | |
Allegiant Travel Co. | 24,598 | 1,974,973 | |
Delta Air Lines, Inc. (a) | 772,651 | 11,025,730 | |
Hawaiian Holdings, Inc. (a)(d) | 71,807 | 406,428 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 1,018,286 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 770,623 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Airlines - continued | |||
SkyWest, Inc. | 63,299 | $ 886,186 | |
Southwest Airlines Co. | 643,054 | 7,523,732 | |
Spirit Airlines, Inc. (a) | 46,648 | 944,622 | |
United Continental Holdings, Inc. (a)(d) | 301,593 | 8,055,549 | |
US Airways Group, Inc. (a)(d) | 143,221 | 1,923,458 | |
| 37,597,328 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. (d) | 36,923 | 2,641,102 | |
AAON, Inc. | 33,674 | 810,196 | |
Ameresco, Inc. Class A (a)(d) | 38,199 | 317,434 | |
American Woodmark Corp. (a) | 9,343 | 299,910 | |
Apogee Enterprises, Inc. | 33,247 | 857,440 | |
Armstrong World Industries, Inc. (d) | 15,342 | 784,436 | |
Builders FirstSource, Inc. (a)(d) | 54,285 | 328,424 | |
Fortune Brands Home & Security, Inc. (a) | 151,004 | 5,217,188 | |
Gibraltar Industries, Inc. (a) | 56,316 | 965,819 | |
Griffon Corp. | 38,833 | 437,648 | |
Insteel Industries, Inc. | 16,775 | 266,555 | |
Lennox International, Inc. | 38,428 | 2,269,942 | |
Masco Corp. | 332,269 | 6,399,501 | |
NCI Building Systems, Inc. (a) | 16,002 | 261,633 | |
Nortek, Inc. (a) | 12,474 | 897,380 | |
Owens Corning (a)(d) | 130,235 | 5,054,420 | |
Patrick Industries, Inc. (a)(d) | 7,747 | 102,725 | |
Quanex Building Products Corp. | 24,300 | 483,813 | |
Simpson Manufacturing Co. Ltd. (d) | 40,648 | 1,182,857 | |
Trex Co., Inc. (a)(d) | 11,686 | 552,047 | |
Universal Forest Products, Inc. (d) | 26,737 | 1,084,987 | |
USG Corp. (a)(d) | 77,759 | 2,194,359 | |
| 33,409,816 | ||
Commercial Services & Supplies - 0.8% | |||
A.T. Cross Co. Class A (a) | 3,868 | 47,228 | |
ABM Industries, Inc. | 41,566 | 943,548 | |
ACCO Brands Corp. (d) | 120,265 | 901,988 | |
Acorn Energy, Inc. (d) | 12,727 | 82,853 | |
ADT Corp. (d) | 214,104 | 10,253,441 | |
ARC Document Solutions, Inc. (a) | 46,203 | 103,957 | |
Avery Dennison Corp. | 106,008 | 4,330,427 | |
Casella Waste Systems, Inc. Class A (a)(d) | 64,851 | 303,503 | |
CECO Environmental Corp. | 2,290 | 24,732 | |
Cenveo, Inc. (a)(d) | 104,135 | 218,684 | |
Cintas Corp. | 89,845 | 3,944,196 | |
Clean Harbors, Inc. (a)(d) | 47,498 | 2,446,147 | |
Consolidated Graphics, Inc. (a)(d) | 14,819 | 572,013 | |
Copart, Inc. (a) | 124,595 | 4,253,673 | |
Corrections Corp. of America | 88,360 | 3,388,606 | |
Courier Corp. | 17,378 | 218,094 | |
Covanta Holding Corp. (d) | 125,817 | 2,460,981 | |
Deluxe Corp. (d) | 54,408 | 2,158,909 | |
| |||
Shares | Value | ||
EnergySolutions, Inc. (a) | 165,491 | $ 615,627 | |
EnerNOC, Inc. (a)(d) | 25,460 | 419,835 | |
Ennis, Inc. | 21,290 | 333,401 | |
Fuel Tech, Inc. (a) | 51,934 | 230,068 | |
G&K Services, Inc. Class A | 16,380 | 682,555 | |
Healthcare Services Group, Inc. (d) | 52,919 | 1,275,348 | |
Heritage-Crystal Clean, Inc. (a)(d) | 7,679 | 113,265 | |
Herman Miller, Inc. | 49,763 | 1,194,312 | |
HNI Corp. (d) | 49,416 | 1,559,569 | |
Hudson Technologies, Inc. (a)(d) | 5,394 | 23,464 | |
Industrial Services of America, Inc. (a)(d) | 1,620 | 4,860 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 421,418 | |
Interface, Inc. | 44,100 | 807,471 | |
Intersections, Inc. | 12,865 | 134,954 | |
Iron Mountain, Inc. | 183,385 | 6,326,783 | |
KAR Auction Services, Inc. | 83,381 | 1,769,345 | |
Kimball International, Inc. Class B | 16,142 | 148,668 | |
Knoll, Inc. | 32,235 | 548,640 | |
McGrath RentCorp. | 17,562 | 517,903 | |
Metalico, Inc. (a)(d) | 55,605 | 91,192 | |
Mine Safety Appliances Co. | 26,951 | 1,262,654 | |
Mobile Mini, Inc. (a)(d) | 36,488 | 982,257 | |
Multi-Color Corp. | 7,946 | 191,737 | |
NL Industries, Inc. | 6,707 | 85,850 | |
Performant Financial Corp. (d) | 11,395 | 150,984 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 31,567 | |
Pitney Bowes, Inc. (d) | 187,772 | 2,459,813 | |
Quad/Graphics, Inc. (d) | 22,071 | 480,044 | |
R.R. Donnelley & Sons Co. (d) | 150,758 | 1,573,914 | |
Republic Services, Inc. | 279,496 | 8,787,354 | |
Rollins, Inc. | 69,664 | 1,707,465 | |
Schawk, Inc. Class A | 4,209 | 45,289 | |
Standard Parking Corp. (a) | 5,698 | 118,262 | |
Standard Register Co. | 19,851 | 10,521 | |
Steelcase, Inc. Class A | 74,937 | 1,060,359 | |
Stericycle, Inc. (a) | 80,780 | 7,748,418 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 144,744 | 204,089 | |
Team, Inc. (a) | 18,138 | 795,533 | |
Tetra Tech, Inc. (a) | 56,334 | 1,625,799 | |
The Brink's Co. | 40,696 | 1,076,409 | |
TMS International Corp. (a) | 14,898 | 205,294 | |
TRC Companies, Inc. (a) | 13,255 | 85,362 | |
Tyco International Ltd. | 436,716 | 13,979,279 | |
Unifirst Corp. Massachusetts | 12,480 | 1,042,579 | |
United Stationers, Inc. | 31,409 | 1,137,006 | |
US Ecology, Inc. | 25,366 | 630,852 | |
Viad Corp. | 19,833 | 544,614 | |
Virco Manufacturing Co. (a) | 2,682 | 7,000 | |
Waste Connections, Inc. | 109,931 | 3,760,740 | |
Waste Management, Inc. | 396,275 | 14,788,983 | |
| 120,451,685 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 100,199 | $ 3,037,032 | |
Aegion Corp. (a)(d) | 34,101 | 819,447 | |
Argan, Inc. | 7,465 | 124,889 | |
Comfort Systems USA, Inc. | 43,738 | 545,850 | |
Dycom Industries, Inc. (a) | 25,959 | 543,841 | |
EMCOR Group, Inc. | 58,224 | 2,245,700 | |
Fluor Corp. | 155,989 | 9,655,719 | |
Foster Wheeler AG (a) | 92,101 | 2,215,950 | |
Furmanite Corp. (a) | 35,767 | 213,529 | |
Goldfield Corp. (d) | 22,426 | 83,873 | |
Granite Construction, Inc. | 31,641 | 983,719 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 380,952 | |
Integrated Electrical Services, Inc. (a) | 13,442 | 77,964 | |
Jacobs Engineering Group, Inc. (a) | 112,424 | 5,490,788 | |
KBR, Inc. | 139,890 | 4,251,257 | |
Layne Christensen Co. (a)(d) | 15,356 | 337,678 | |
MasTec, Inc. (a)(d) | 50,211 | 1,510,849 | |
Michael Baker Corp. | 6,265 | 151,864 | |
MYR Group, Inc. (a) | 25,270 | 586,517 | |
Northwest Pipe Co. (a) | 12,188 | 291,049 | |
Orion Marine Group, Inc. (a)(d) | 15,813 | 150,540 | |
Pike Electric Corp. | 14,023 | 195,481 | |
Primoris Services Corp. | 27,169 | 509,419 | |
Quanta Services, Inc. (a) | 201,419 | 5,720,300 | |
Sterling Construction Co., Inc. (a) | 31,847 | 359,871 | |
Tutor Perini Corp. (a) | 37,087 | 630,850 | |
UniTek Global Services, Inc. (a) | 18,062 | 63,578 | |
URS Corp. | 82,388 | 3,481,717 | |
| 44,660,223 | ||
Electrical Equipment - 0.8% | |||
Active Power, Inc. (a)(d) | 10,523 | 48,090 | |
Acuity Brands, Inc. (d) | 38,677 | 2,635,064 | |
Allied Motion Technologies, Inc. | 4,209 | 29,463 | |
Altair Nanotechnologies, Inc. (a)(d) | 10,605 | 21,846 | |
American Superconductor Corp. (a)(d) | 126,771 | 366,368 | |
AMETEK, Inc. | 227,538 | 9,517,915 | |
AZZ, Inc. | 24,628 | 1,099,886 | |
Babcock & Wilcox Co. | 118,199 | 3,193,737 | |
Belden, Inc. | 39,680 | 1,998,285 | |
Brady Corp. Class A | 43,963 | 1,496,940 | |
Broadwind Energy, Inc. (a) | 15,938 | 53,711 | |
Capstone Turbine Corp. (a)(d) | 814,128 | 789,704 | |
Coleman Cable, Inc. | 5,164 | 51,175 | |
Eaton Corp. PLC | 428,520 | 26,555,384 | |
Emerson Electric Co. | 674,974 | 38,271,026 | |
Encore Wire Corp. | 23,059 | 753,799 | |
EnerSys (a) | 39,836 | 1,628,496 | |
Enphase Energy, Inc. (d) | 8,807 | 43,419 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 51,987 | |
Franklin Electric Co., Inc. (d) | 17,393 | 1,131,763 | |
FuelCell Energy, Inc. (a) | 246,058 | 260,821 | |
| |||
Shares | Value | ||
Generac Holdings, Inc. (d) | 30,944 | $ 1,066,021 | |
General Cable Corp. (a)(d) | 39,737 | 1,308,937 | |
Global Power Equipment Group, Inc. | 10,454 | 175,418 | |
GrafTech International Ltd. (a)(d) | 132,891 | 982,064 | |
Hubbell, Inc. Class B | 49,454 | 4,594,771 | |
II-VI, Inc. (a)(d) | 46,725 | 809,744 | |
LSI Industries, Inc. | 24,011 | 165,436 | |
MagneTek, Inc. (a) | 2,664 | 33,300 | |
Ocean Power Technologies, Inc. (a)(d) | 11,040 | 21,749 | |
Plug Power, Inc. (a)(d) | 38,179 | 6,490 | |
Polypore International, Inc. (a)(d) | 41,032 | 1,570,705 | |
Powell Industries, Inc. (a) | 7,721 | 449,439 | |
PowerSecure International, Inc. (a) | 20,869 | 176,343 | |
Preformed Line Products Co. | 1,961 | 138,878 | |
Regal-Beloit Corp. | 40,174 | 3,104,647 | |
Revolution Lighting Technologies, Inc. (a) | 1,806 | 1,860 | |
Rockwell Automation, Inc. | 127,826 | 11,547,801 | |
Roper Industries, Inc. | 90,096 | 11,226,863 | |
SL Industries, Inc. | 3,648 | 69,093 | |
SolarCity Corp. (d) | 12,947 | 234,470 | |
Thermon Group Holdings, Inc. (a) | 10,097 | 206,989 | |
Ultralife Corp. (a) | 13,410 | 50,958 | |
Vicor Corp. (a) | 10,982 | 57,985 | |
| 127,998,840 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 597,243 | 62,113,272 | |
Carlisle Companies, Inc. | 55,830 | 3,789,182 | |
Danaher Corp. | 547,005 | 33,695,508 | |
General Electric Co. | 9,822,809 | 228,085,625 | |
Raven Industries, Inc. (d) | 30,000 | 846,900 | |
Seaboard Corp. | 366 | 1,044,194 | |
| 329,574,681 | ||
Machinery - 2.3% | |||
Accuride Corp. (a)(d) | 79,004 | 319,966 | |
Actuant Corp. Class A (d) | 71,032 | 2,160,083 | |
Adept Technology, Inc. (a) | 2,954 | 8,803 | |
AGCO Corp. | 85,338 | 4,393,200 | |
Alamo Group, Inc. | 17,898 | 640,390 | |
Albany International Corp. Class A | 47,080 | 1,344,605 | |
Altra Holdings, Inc. | 19,022 | 489,626 | |
American Railcar Industries, Inc. | 11,797 | 514,821 | |
Ampco-Pittsburgh Corp. | 10,414 | 194,846 | |
Astec Industries, Inc. (d) | 12,338 | 439,356 | |
Barnes Group, Inc. | 47,337 | 1,259,638 | |
Blount International, Inc. (a) | 31,486 | 474,494 | |
Briggs & Stratton Corp. | 42,488 | 1,039,256 | |
Cascade Corp. | 13,797 | 886,457 | |
Caterpillar, Inc. | 608,193 | 56,178,787 | |
Chart Industries, Inc. (a)(d) | 27,582 | 2,001,350 | |
CIRCOR International, Inc. | 13,068 | 544,674 | |
CLARCOR, Inc. (d) | 46,115 | 2,351,404 | |
Colfax Corp. (a)(d) | 64,640 | 2,805,376 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | $ 529,191 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 608,924 | |
Crane Co. | 41,480 | 2,230,794 | |
Cummins, Inc. | 162,557 | 18,835,480 | |
Deere & Co. | 362,253 | 31,816,681 | |
Donaldson Co., Inc. | 119,915 | 4,320,537 | |
Douglas Dynamics, Inc. | 29,195 | 415,153 | |
Dover Corp. | 166,240 | 12,193,704 | |
Dynamic Materials Corp. | 17,783 | 300,533 | |
Eastern Co. | 2,354 | 39,147 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 402,038 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 1,034,595 | |
ESCO Technologies, Inc. | 20,247 | 821,218 | |
ExOne Co. (d) | 5,200 | 141,388 | |
Federal Signal Corp. (a) | 80,990 | 631,722 | |
Flow International Corp. (a) | 66,905 | 248,218 | |
Flowserve Corp. | 44,479 | 7,138,880 | |
FreightCar America, Inc. | 19,411 | 408,213 | |
Gardner Denver, Inc. | 45,246 | 3,212,014 | |
Gencor Industries, Inc. (a) | 1,849 | 13,239 | |
Gorman-Rupp Co. (d) | 14,200 | 409,528 | |
Graco, Inc. | 51,140 | 2,971,234 | |
Graham Corp. | 12,124 | 282,368 | |
Greenbrier Companies, Inc. (a)(d) | 21,771 | 440,863 | |
Hardinge, Inc. | 12,474 | 163,160 | |
Harsco Corp. | 75,085 | 1,800,538 | |
Hurco Companies, Inc. (a) | 3,319 | 93,330 | |
Hyster-Yale Materials Handling Class A | 12,438 | 637,199 | |
IDEX Corp. | 74,036 | 3,770,653 | |
Illinois Tool Works, Inc. | 397,863 | 24,468,575 | |
Ingersoll-Rand PLC | 283,533 | 14,928,012 | |
ITT Corp. | 114,023 | 3,002,226 | |
John Bean Technologies Corp. | 23,559 | 434,192 | |
Joy Global, Inc. | 99,017 | 6,271,737 | |
Kadant, Inc. | 18,429 | 452,432 | |
Kaydon Corp. | 29,963 | 749,375 | |
Kennametal, Inc. (d) | 67,614 | 2,737,015 | |
L.B. Foster Co. Class A | 10,636 | 469,686 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,987,777 | |
Lindsay Corp. | 10,287 | 879,024 | |
Lydall, Inc. (a) | 9,770 | 147,136 | |
Manitex International, Inc. (a)(d) | 6,745 | 64,617 | |
Manitowoc Co., Inc. (d) | 113,567 | 2,103,261 | |
Meritor, Inc. (a) | 87,590 | 385,396 | |
Met-Pro Corp. | 10,211 | 100,680 | |
Middleby Corp. (a)(d) | 16,713 | 2,495,418 | |
Miller Industries, Inc. | 16,197 | 257,856 | |
Mueller Industries, Inc. | 25,011 | 1,330,085 | |
Mueller Water Products, Inc. Class A | 130,935 | 735,855 | |
Navistar International Corp. (a)(d) | 71,306 | 1,770,528 | |
| |||
Shares | Value | ||
NN, Inc. (a)(d) | 12,121 | $ 104,968 | |
Nordson Corp. | 52,385 | 3,321,209 | |
Omega Flex, Inc. | 258 | 3,594 | |
Oshkosh Truck Corp. (a) | 84,157 | 3,245,094 | |
PACCAR, Inc. | 331,975 | 15,745,574 | |
Pall Corp. | 103,105 | 7,029,699 | |
Parker Hannifin Corp. | 138,351 | 13,071,402 | |
Pentair Ltd. | 196,121 | 10,447,366 | |
PMFG, Inc. (a)(d) | 15,367 | 104,035 | |
Proto Labs, Inc. | 7,469 | 347,234 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 1,088,057 | |
Rexnord Corp. | 31,453 | 640,698 | |
Sauer-Danfoss, Inc. | 13,027 | 705,021 | |
Snap-On, Inc. | 55,924 | 4,489,019 | |
SPX Corp. | 46,613 | 3,752,813 | |
Standex International Corp. (d) | 10,804 | 581,471 | |
Stanley Black & Decker, Inc. | 155,097 | 12,206,134 | |
Sun Hydraulics Corp. | 19,343 | 539,476 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 29,489 | 267,170 | |
Tennant Co. | 13,999 | 653,333 | |
Terex Corp. (a)(d) | 97,076 | 3,185,064 | |
Timken Co. | 75,024 | 4,075,304 | |
Titan International, Inc. (d) | 42,501 | 897,196 | |
Toro Co. | 58,344 | 2,631,314 | |
TriMas Corp. (a)(d) | 46,817 | 1,343,180 | |
Trinity Industries, Inc. (d) | 70,615 | 3,053,393 | |
Twin Disc, Inc. (d) | 7,177 | 171,530 | |
Valmont Industries, Inc. | 23,843 | 3,756,465 | |
Wabash National Corp. (a)(d) | 74,589 | 711,579 | |
WABCO Holdings, Inc. (a) | 59,750 | 4,106,020 | |
Wabtec Corp. | 49,289 | 4,819,971 | |
Watts Water Technologies, Inc. Class A | 38,674 | 1,815,358 | |
Woodward, Inc. | 51,161 | 1,914,956 | |
Xylem, Inc. | 189,589 | 5,213,698 | |
| 358,766,952 | ||
Marine - 0.0% | |||
Baltic Trading Ltd. | 21,117 | 77,711 | |
Eagle Bulk Shipping, Inc. (a)(d) | 19,099 | 37,052 | |
Genco Shipping & Trading Ltd. (a)(d) | 76,288 | 196,060 | |
International Shipholding Corp. | 10,420 | 190,790 | |
Kirby Corp. (a)(d) | 49,913 | 3,792,390 | |
Matson, Inc. (d) | 37,893 | 974,229 | |
| 5,268,232 | ||
Professional Services - 0.4% | |||
Acacia Research Corp. (a)(d) | 43,794 | 1,224,480 | |
Advisory Board Co. (a)(d) | 32,138 | 1,632,932 | |
Barrett Business Services, Inc. | 6,681 | 291,826 | |
CBIZ, Inc. (a)(d) | 37,390 | 237,800 | |
CDI Corp. | 9,649 | 158,823 | |
Corporate Executive Board Co. | 29,612 | 1,603,194 | |
CRA International, Inc. (a)(d) | 15,589 | 344,673 | |
CTPartners Executive Search, Inc. (a) | 859 | 3,221 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
Dolan Co. (a) | 21,177 | $ 61,625 | |
Dun & Bradstreet Corp. | 40,399 | 3,256,159 | |
Equifax, Inc. | 112,378 | 6,194,275 | |
Exponent, Inc. | 15,525 | 780,442 | |
Franklin Covey Co. (a) | 5,338 | 73,771 | |
FTI Consulting, Inc. (a)(d) | 68,234 | 2,370,449 | |
GP Strategies Corp. (a) | 10,677 | 230,516 | |
Heidrick & Struggles International, Inc. | 22,259 | 302,722 | |
Hill International, Inc. (a) | 13,945 | 47,552 | |
Hudson Global, Inc. (a)(d) | 13,947 | 51,325 | |
Huron Consulting Group, Inc. (a) | 20,793 | 814,878 | |
ICF International, Inc. (a) | 17,107 | 423,227 | |
IHS, Inc. Class A (a) | 51,981 | 5,522,981 | |
Insperity, Inc. | 15,769 | 447,051 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 340,732 | |
Kforce, Inc. | 25,995 | 377,967 | |
Korn/Ferry International (a) | 33,723 | 624,213 | |
Manpower, Inc. | 75,166 | 4,104,064 | |
Mastech Holdings, Inc. | 299 | 2,240 | |
MISTRAS Group, Inc. (a) | 12,788 | 261,515 | |
Navigant Consulting, Inc. (a) | 41,733 | 531,261 | |
Nielsen Holdings B.V. | 152,740 | 5,145,811 | |
Odyssey Marine Exploration, Inc. (a)(d) | 46,227 | 161,795 | |
On Assignment, Inc. (a)(d) | 37,950 | 829,587 | |
Pendrell Corp. (a) | 126,539 | 180,951 | |
RCM Technologies, Inc. | 9,908 | 56,079 | |
Resources Connection, Inc. | 43,312 | 528,840 | |
Robert Half International, Inc. | 123,411 | 4,387,261 | |
RPX Corp. (a) | 14,564 | 172,583 | |
Spherix, Inc. (a) | 11 | 127 | |
Towers Watson & Co. | 58,151 | 3,871,112 | |
TrueBlue, Inc. (a) | 38,883 | 753,941 | |
Verisk Analytics, Inc. (a) | 135,085 | 7,905,174 | |
VSE Corp. | 1,834 | 42,017 | |
WageWorks, Inc. (a) | 8,340 | 196,907 | |
| 56,548,099 | ||
Road & Rail - 0.9% | |||
AMERCO | 7,919 | 1,193,472 | |
Arkansas Best Corp. | 18,872 | 217,783 | |
Avis Budget Group, Inc. (a)(d) | 100,640 | 2,351,957 | |
Celadon Group, Inc. (d) | 62,978 | 1,255,152 | |
Con-way, Inc. (d) | 51,304 | 1,803,336 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 57,316 | |
CSX Corp. | 964,986 | 22,136,779 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 38,299 | 3,428,526 | |
Heartland Express, Inc. (d) | 52,772 | 716,116 | |
Hertz Global Holdings, Inc. (a)(d) | 275,903 | 5,504,265 | |
J.B. Hunt Transport Services, Inc. (d) | 86,516 | 6,014,592 | |
Kansas City Southern | 103,087 | 10,614,868 | |
Knight Transportation, Inc. | 54,848 | 858,920 | |
| |||
Shares | Value | ||
Landstar System, Inc. (d) | 39,848 | $ 2,243,044 | |
Marten Transport Ltd. | 20,799 | 430,539 | |
Norfolk Southern Corp. | 296,098 | 21,629,959 | |
Old Dominion Freight Lines, Inc. (a) | 69,360 | 2,493,492 | |
Patriot Transportation Holding, Inc. (a)(d) | 1,312 | 35,660 | |
Providence & Worcester Railroad Co. | 4,631 | 68,076 | |
Quality Distribution, Inc. (a)(d) | 25,189 | 198,741 | |
Roadrunner Transportation Systems, Inc. (a) | 12,158 | 276,959 | |
Ryder System, Inc. | 45,757 | 2,571,543 | |
Saia, Inc. (a) | 11,656 | 374,507 | |
Swift Transporation Co. (a)(d) | 69,603 | 941,729 | |
Union Pacific Corp. | 440,660 | 60,418,893 | |
Universal Truckload Services, Inc. | 4,618 | 84,232 | |
USA Truck, Inc. (a) | 1,841 | 9,095 | |
Werner Enterprises, Inc. (d) | 41,229 | 949,092 | |
YRC Worldwide, Inc. (a) | 6,129 | 37,571 | |
Zipcar, Inc. (a)(d) | 19,521 | 238,742 | |
| 149,154,956 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 338,387 | |
AeroCentury Corp. (a) | 688 | 11,008 | |
Air Lease Corp. Class A (d) | 64,973 | 1,765,316 | |
Aircastle Ltd. | 55,209 | 743,665 | |
Applied Industrial Technologies, Inc. | 42,674 | 1,852,478 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,638,987 | |
BlueLinx Corp. (a)(d) | 17,176 | 50,154 | |
BlueLinx Corp. rights (a) | 17,176 | 7,204 | |
CAI International, Inc. (a) | 7,670 | 211,692 | |
DXP Enterprises, Inc. (a) | 6,766 | 420,845 | |
Edgen Group, Inc. Class A | 19,685 | 157,874 | |
Essex Rental Corp. (a)(d) | 16,688 | 67,753 | |
Fastenal Co. (d) | 258,190 | 13,330,350 | |
GATX Corp. | 39,127 | 1,950,481 | |
H&E Equipment Services, Inc. (d) | 24,825 | 483,095 | |
Houston Wire & Cable Co. | 15,647 | 182,131 | |
Kaman Corp. | 21,079 | 735,657 | |
Lawson Products, Inc. | 4,764 | 67,839 | |
MRC Global, Inc. (d) | 21,717 | 667,146 | |
MSC Industrial Direct Co., Inc. Class A (d) | 40,442 | 3,450,511 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 619,262 | |
TAL International Group, Inc. | 21,219 | 913,478 | |
Textainer Group Holdings Ltd. | 14,461 | 584,803 | |
Titan Machinery, Inc. (a)(d) | 17,235 | 486,889 | |
United Rentals, Inc. (a)(d) | 86,038 | 4,595,290 | |
W.W. Grainger, Inc. | 55,080 | 12,473,417 | |
Watsco, Inc. | 25,351 | 1,974,082 | |
WESCO International, Inc. (a)(d) | 40,702 | 3,007,878 | |
Willis Lease Finance Corp. (a)(d) | 2,006 | 30,110 | |
| 52,817,782 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 18,229 | $ 247,914 | |
TOTAL INDUSTRIALS | 1,760,126,554 | ||
INFORMATION TECHNOLOGY - 17.4% | |||
Communications Equipment - 1.8% | |||
Acme Packet, Inc. (a) | 51,006 | 1,488,355 | |
ADTRAN, Inc. (d) | 58,980 | 1,317,613 | |
Alliance Fiber Optic Products, Inc. | 9,573 | 106,069 | |
Ambient Corp. (a)(d) | 1,932 | 5,216 | |
Anaren, Inc. (a) | 42,259 | 817,712 | |
Arris Group, Inc. (a) | 97,821 | 1,697,194 | |
Aruba Networks, Inc. (a)(d) | 102,880 | 2,563,770 | |
Aviat Networks, Inc. (a) | 66,605 | 237,114 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 117,153 | |
Black Box Corp. | 16,753 | 406,428 | |
Blonder Tongue Laboratories, Inc. (a)(d) | 3,352 | 4,257 | |
Brocade Communications Systems, Inc. (a) | 398,862 | 2,237,616 | |
CalAmp Corp. (a)(d) | 16,135 | 176,678 | |
Calix Networks, Inc. (a) | 25,252 | 216,410 | |
Ciena Corp. (a)(d) | 93,662 | 1,427,409 | |
Cisco Systems, Inc. | 4,969,682 | 103,617,870 | |
Clearfield, Inc. (a) | 2,407 | 13,311 | |
Communications Systems, Inc. | 4,311 | 46,128 | |
Comtech Telecommunications Corp. | 22,438 | 600,890 | |
Digi International, Inc. (a) | 21,456 | 211,556 | |
EchoStar Holding Corp. Class A (a) | 37,522 | 1,419,832 | |
EMCORE Corp. (a)(d) | 19,513 | 113,761 | |
Emulex Corp. (a) | 66,808 | 430,912 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a)(d) | 100,558 | 351,953 | |
F5 Networks, Inc. (a) | 73,095 | 6,902,361 | |
Finisar Corp. (a)(d) | 89,294 | 1,308,157 | |
Globecomm Systems, Inc. (a) | 11,676 | 141,747 | |
Harmonic, Inc. (a) | 75,490 | 429,538 | |
Harris Corp. | 108,567 | 5,218,816 | |
Infinera Corp. (a)(d) | 140,398 | 911,183 | |
InterDigital, Inc. | 37,438 | 1,662,247 | |
Ixia (a)(d) | 51,889 | 1,052,309 | |
JDS Uniphase Corp. (a) | 221,471 | 3,136,029 | |
Juniper Networks, Inc. (a) | 485,897 | 10,048,350 | |
KVH Industries, Inc. (a) | 23,641 | 314,898 | |
Lantronix, Inc. (a) | 71 | 140 | |
Loral Space & Communications Ltd. | 10,995 | 640,349 | |
Meru Networks, Inc. (a)(d) | 20,865 | 93,267 | |
Motorola Solutions, Inc. | 260,084 | 16,179,826 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,090,690 | |
NumereX Corp. Class A (a) | 2,670 | 32,814 | |
Oclaro, Inc. (a)(d) | 64,648 | 85,982 | |
Oplink Communications, Inc. (a) | 15,273 | 234,593 | |
| |||
Shares | Value | ||
Optical Cable Corp. | 564 | $ 2,279 | |
Palo Alto Networks, Inc. (d) | 31,394 | 1,919,115 | |
Parkervision, Inc. (a)(d) | 73,296 | 292,451 | |
PC-Tel, Inc. | 2,259 | 15,632 | |
Performance Technologies, Inc. (a) | 2,977 | 2,772 | |
Plantronics, Inc. | 39,954 | 1,612,543 | |
Polycom, Inc. (a) | 189,613 | 1,727,374 | |
Procera Networks, Inc. (a)(d) | 21,122 | 247,127 | |
QUALCOMM, Inc. | 1,595,884 | 104,737,867 | |
Relm Wireless Corp. (a) | 9,436 | 20,476 | |
Riverbed Technology, Inc. (a)(d) | 148,314 | 2,266,238 | |
Ruckus Wireless, Inc. (d) | 11,332 | 242,052 | |
ShoreTel, Inc. (a)(d) | 22,164 | 89,986 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 548,371 | |
Symmetricom, Inc. (a) | 21,713 | 107,262 | |
Tellabs, Inc. (d) | 301,356 | 611,753 | |
Telular Corp. | 1,806 | 17,988 | |
Tessco Technologies, Inc. (d) | 3,361 | 76,530 | |
Ubiquiti Networks, Inc. (d) | 9,640 | 132,743 | |
ViaSat, Inc. (a)(d) | 35,696 | 1,676,284 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 38,173 | |
Zhone Technologies, Inc. (a) | 5,862 | 5,217 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 22,562 | |
| 285,521,298 | ||
Computers & Peripherals - 3.5% | |||
3D Systems Corp. (a)(d) | 68,215 | 2,521,226 | |
Apple, Inc. | 881,441 | 389,068,007 | |
Astro-Med, Inc. | 4,606 | 45,461 | |
Avid Technology, Inc. (a)(d) | 34,710 | 240,540 | |
Concurrent Computer Corp. | 987 | 6,899 | |
Cray, Inc. (a) | 32,010 | 619,394 | |
Crossroads Systems, Inc. (a) | 9,071 | 14,514 | |
Datalink Corp. (a) | 9,248 | 95,994 | |
Dataram Corp. (a) | 3,336 | 1,134 | |
Dell, Inc. | 1,357,390 | 18,935,591 | |
Diebold, Inc. | 54,057 | 1,526,570 | |
Dot Hill Systems Corp. (a) | 109,713 | 142,627 | |
Electronics for Imaging, Inc. (a) | 55,580 | 1,281,675 | |
EMC Corp. (a) | 1,969,648 | 45,321,600 | |
Fusion-io, Inc. (a)(d) | 66,698 | 1,125,862 | |
Hauppauge Digital, Inc. (a) | 430 | 357 | |
Hewlett-Packard Co. | 1,843,592 | 37,129,943 | |
Hutchinson Technology, Inc. (a)(d) | 34,936 | 98,869 | |
iGO, Inc. (a) | 5,684 | 17,905 | |
Imation Corp. (a) | 19,750 | 67,348 | |
Immersion Corp. (a)(d) | 59,681 | 399,266 | |
Intermec, Inc. (a) | 37,733 | 373,557 | |
Interphase Corp. (a) | 10,718 | 23,472 | |
Intevac, Inc. (a) | 17,689 | 84,553 | |
Lexmark International, Inc. Class A | 60,869 | 1,340,335 | |
NCR Corp. (a) | 140,900 | 3,886,022 | |
NetApp, Inc. (a) | 339,363 | 11,480,650 | |
Novatel Wireless, Inc. (a) | 27,517 | 59,712 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
OCZ Technology Group, Inc. (a)(d) | 56,538 | $ 97,811 | |
Overland Storage, Inc. (a)(d) | 5,087 | 5,697 | |
QLogic Corp. (a) | 79,628 | 906,167 | |
Quantum Corp. (a)(d) | 189,992 | 239,390 | |
Rimage Corp. | 6,017 | 41,036 | |
SanDisk Corp. (a) | 222,462 | 11,209,860 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology (d) | 328,410 | 10,561,666 | |
Silicon Graphics International Corp. (a)(d) | 32,579 | 490,314 | |
STEC, Inc. (a)(d) | 29,627 | 142,802 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 313,642 | |
Synaptics, Inc. (a)(d) | 36,621 | 1,272,946 | |
Transact Technologies, Inc. | 3,411 | 26,947 | |
USA Technologies, Inc. (a)(d) | 38,549 | 94,445 | |
Video Display Corp. (a) | 2,957 | 11,059 | |
Western Digital Corp. | 205,688 | 9,700,246 | |
Xplore Technologies Corp. (a) | 2,067 | 7,524 | |
| 551,030,635 | ||
Electronic Equipment & Components - 0.7% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 1,863 | |
Aeroflex Holding Corp. (a) | 11,165 | 103,276 | |
Agilysys, Inc. (a) | 38,149 | 351,352 | |
Amphenol Corp. Class A | 146,122 | 10,354,205 | |
Anixter International, Inc. (d) | 21,905 | 1,509,693 | |
Arrow Electronics, Inc. (a) | 128,186 | 5,146,668 | |
Audience, Inc. (d) | 4,453 | 60,739 | |
Avnet, Inc. (a) | 130,776 | 4,617,701 | |
AVX Corp. | 48,749 | 574,263 | |
Badger Meter, Inc. | 35,716 | 1,812,944 | |
Benchmark Electronics, Inc. (a) | 50,023 | 871,401 | |
Checkpoint Systems, Inc. (a) | 27,013 | 320,374 | |
ClearSign Combustion Corp. (a) | 2,567 | 13,066 | |
Cognex Corp. (d) | 54,520 | 2,245,679 | |
Coherent, Inc. | 20,405 | 1,178,593 | |
Corning, Inc. | 1,372,498 | 17,307,200 | |
CTS Corp. | 18,339 | 179,722 | |
Daktronics, Inc. | 32,196 | 328,721 | |
Document Security Systems, Inc. (a)(d) | 10,726 | 24,134 | |
Dolby Laboratories, Inc. Class A (d) | 41,734 | 1,330,480 | |
DTS, Inc. (a)(d) | 19,732 | 392,667 | |
Echelon Corp. (a) | 32,190 | 84,660 | |
Electro Rent Corp. | 12,184 | 197,137 | |
Electro Scientific Industries, Inc. | 21,640 | 238,256 | |
eMagin Corp. | 5,084 | 16,167 | |
Fabrinet (a) | 16,812 | 275,885 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 789,743 | |
FEI Co. (d) | 32,449 | 2,055,320 | |
FLIR Systems, Inc. | 144,524 | 3,806,762 | |
Frequency Electronics, Inc. | 430 | 4,382 | |
Giga-Tronics, Inc. (a) | 2,579 | 4,204 | |
| |||
Shares | Value | ||
I. D. Systems Inc. (a) | 6,071 | $ 38,308 | |
Identive Group, Inc. (a) | 106,182 | 153,964 | |
IEC Electronics Corp. (a) | 86 | 526 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,749,562 | |
Insight Enterprises, Inc. (a) | 39,665 | 762,361 | |
Intelli-Check, Inc. (a) | 4,366 | 3,493 | |
InvenSense, Inc. (a) | 25,131 | 302,075 | |
IPG Photonics Corp. (d) | 26,878 | 1,593,597 | |
Iteris, Inc. (a) | 1,032 | 1,806 | |
Itron, Inc. (a)(d) | 38,500 | 1,619,695 | |
Jabil Circuit, Inc. | 179,742 | 3,366,568 | |
KEMET Corp. (a) | 26,217 | 169,624 | |
KEY Tronic Corp. (a)(d) | 4,226 | 44,922 | |
LightPath Technologies, Inc. Class A (a) | 376 | 305 | |
Littelfuse, Inc. | 21,280 | 1,408,098 | |
LoJack Corp. (a) | 24,621 | 73,863 | |
LRAD Corp. (a) | 56,581 | 65,634 | |
Maxwell Technologies, Inc. (a)(d) | 18,344 | 160,510 | |
Measurement Specialties, Inc. (a) | 15,282 | 555,042 | |
Mercury Systems, Inc. (a)(d) | 23,393 | 160,242 | |
Mesa Laboratories, Inc. | 2,184 | 115,883 | |
Methode Electronics, Inc. Class A | 27,713 | 363,317 | |
MicroVision, Inc. (a)(d) | 33,140 | 56,669 | |
MOCON, Inc. | 2,209 | 31,743 | |
Molex, Inc. | 125,980 | 3,490,906 | |
MTS Systems Corp. | 16,730 | 903,420 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 156,467 | |
National Instruments Corp. (d) | 93,144 | 2,801,772 | |
Neonode, Inc. (a) | 20,693 | 110,294 | |
NetList, Inc. (a)(d) | 104,599 | 81,587 | |
Newport Corp. (a) | 32,467 | 530,835 | |
OSI Systems, Inc. (a) | 17,430 | 1,004,491 | |
Parametric Sound Corp. (a)(d) | 1,985 | 23,403 | |
Park Electrochemical Corp. | 16,314 | 412,744 | |
PC Connection, Inc. | 6,039 | 86,599 | |
PC Mall, Inc. (a) | 4,077 | 28,947 | |
Planar Systems, Inc. (a) | 2,277 | 4,395 | |
Plexus Corp. (a) | 33,577 | 817,936 | |
Power-One, Inc. (a)(d) | 91,675 | 390,536 | |
Pulse Electronics Corp. (a) | 50,135 | 19,452 | |
RadiSys Corp. (a) | 9,220 | 38,632 | |
RealD, Inc. (a)(d) | 37,860 | 440,690 | |
Research Frontiers, Inc. (a)(d) | 16,855 | 55,284 | |
Richardson Electronics Ltd. | 23,707 | 283,536 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 591,714 | |
Rogers Corp. (a) | 16,870 | 804,868 | |
Sanmina Corp. (a) | 72,340 | 740,762 | |
ScanSource, Inc. (a) | 19,738 | 592,337 | |
SYNNEX Corp. (a)(d) | 16,578 | 632,119 | |
TE Connectivity Ltd. | 402,703 | 16,160,471 | |
Tech Data Corp. (a) | 34,347 | 1,822,452 | |
Trimble Navigation Ltd. (a) | 118,068 | 7,016,781 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 373,280 | |
Uni-Pixel, Inc. (a)(d) | 8,000 | 188,800 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Universal Display Corp. (a)(d) | 33,587 | $ 1,053,960 | |
Viasystems Group, Inc. (a) | 4,710 | 66,788 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,646,336 | |
Vishay Precision Group, Inc. (a) | 9,596 | 134,824 | |
Wayside Technology Group, Inc. | 1,232 | 15,733 | |
Wireless Telecom Group, Inc. (a) | 11,200 | 14,896 | |
Zygo Corp. (a)(d) | 9,828 | 140,737 | |
| 113,673,848 | ||
Internet Software & Services - 2.3% | |||
Active Network, Inc. (a)(d) | 30,019 | 140,789 | |
Akamai Technologies, Inc. (a) | 164,615 | 6,084,170 | |
Angie's List, Inc. (a)(d) | 39,732 | 677,828 | |
AOL, Inc. (d) | 74,516 | 2,749,640 | |
Autobytel, Inc. (a) | 1,148 | 5,235 | |
Bankrate, Inc. (a) | 33,840 | 380,700 | |
Bazaarvoice, Inc. | 31,078 | 217,546 | |
Blucora, Inc. (a)(d) | 32,776 | 508,028 | |
Brightcove, Inc. (d) | 10,845 | 68,324 | |
BroadVision, Inc. (a) | 490 | 4,003 | |
Carbonite, Inc. (a)(d) | 4,801 | 47,146 | |
comScore, Inc. (a) | 21,331 | 340,016 | |
Constant Contact, Inc. (a)(d) | 30,835 | 435,699 | |
Cornerstone OnDemand, Inc. (a)(d) | 26,137 | 884,999 | |
CoStar Group, Inc. (a)(d) | 26,741 | 2,693,888 | |
Crexendo, Inc. | 6,585 | 17,780 | |
Daegis, Inc. (a) | 3,645 | 4,921 | |
DealerTrack Holdings, Inc. (a)(d) | 34,664 | 1,022,241 | |
Demand Media, Inc. (a)(d) | 42,676 | 345,676 | |
Demandware, Inc. | 6,200 | 163,990 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 341,169 | |
Digital River, Inc. (a) | 26,434 | 376,420 | |
EarthLink, Inc. | 80,611 | 468,350 | |
eBay, Inc. (a) | 1,094,418 | 59,842,776 | |
eGain Communications Corp. (a) | 8,558 | 68,378 | |
Equinix, Inc. (a)(d) | 44,811 | 9,479,767 | |
ExactTarget, Inc. (d) | 29,149 | 650,023 | |
Facebook, Inc. Class A | 511,909 | 13,949,520 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 10,795 | |
GlowPoint, Inc. (a) | 18,770 | 30,032 | |
Google, Inc. Class A (a) | 249,398 | 199,817,678 | |
IAC/InterActiveCorp (d) | 80,150 | 3,266,113 | |
Internap Network Services Corp. (a)(d) | 34,998 | 303,783 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
Inuvo, Inc. (a) | 9,640 | 6,758 | |
iPass, Inc. (a)(d) | 22,438 | 45,100 | |
j2 Global, Inc. | 38,868 | 1,386,810 | |
Keynote Systems, Inc. (d) | 17,976 | 274,673 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 70,132 | |
LinkedIn Corp. (a) | 62,394 | 10,493,423 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 747,500 | |
LivePerson, Inc. (a)(d) | 37,230 | 538,718 | |
| |||
Shares | Value | ||
Local Corp. (a)(d) | 28,399 | $ 47,426 | |
LogMeIn, Inc. (a)(d) | 22,955 | 409,976 | |
Marchex, Inc. Class B | 28,685 | 108,429 | |
Market Leader, Inc. (a) | 7,128 | 53,032 | |
MeetMe, Inc. (a)(d) | 18,724 | 48,121 | |
Millennial Media, Inc. (d) | 10,513 | 98,507 | |
Monster Worldwide, Inc. (a)(d) | 97,552 | 499,466 | |
Move, Inc. (a) | 35,516 | 346,636 | |
NIC, Inc. (d) | 78,994 | 1,399,774 | |
OpenTable, Inc. (a) | 23,366 | 1,299,150 | |
Perficient, Inc. (a) | 18,309 | 212,018 | |
QuinStreet, Inc. (a) | 17,620 | 100,963 | |
Rackspace Hosting, Inc. (a)(d) | 107,654 | 6,013,552 | |
RealNetworks, Inc. (a) | 28,670 | 208,431 | |
Responsys, Inc. (a) | 13,609 | 109,825 | |
Saba Software, Inc. (a) | 20,826 | 182,019 | |
SciQuest, Inc. (a) | 12,793 | 244,986 | |
Selectica, Inc. (a) | 552 | 5,757 | |
Spark Networks, Inc. (a)(d) | 3,502 | 25,284 | |
SPS Commerce, Inc. (a)(d) | 11,840 | 442,698 | |
Stamps.com, Inc. (a)(d) | 12,471 | 304,168 | |
Support.com, Inc. (a)(d) | 117,655 | 458,855 | |
Synacor, Inc. (d) | 8,243 | 27,119 | |
TechTarget, Inc. (a) | 1,217 | 5,915 | |
TheStreet.com, Inc. | 3,696 | 6,838 | |
Travelzoo, Inc. (a) | 5,383 | 113,420 | |
Trulia, Inc. (d) | 5,966 | 142,229 | |
United Online, Inc. | 71,982 | 424,694 | |
Unwired Planet, Inc. (a) | 76,683 | 154,133 | |
ValueClick, Inc. (a)(d) | 62,448 | 1,665,488 | |
VeriSign, Inc. (a)(d) | 144,977 | 6,639,947 | |
Vocus, Inc. (a)(d) | 23,379 | 328,241 | |
Web.com Group, Inc. (a)(d) | 25,389 | 433,644 | |
WebMD Health Corp. (a) | 42,908 | 948,267 | |
WebMediaBrands, Inc. (a) | 147 | 238 | |
XO Group, Inc. (a)(d) | 29,832 | 272,963 | |
Yahoo!, Inc. (a) | 1,002,327 | 21,359,588 | |
Yelp, Inc. (d) | 13,280 | 294,683 | |
Zix Corp. (a)(d) | 43,773 | 164,586 | |
| 364,775,976 | ||
IT Services - 3.4% | |||
Accenture PLC Class A | 602,434 | 44,796,992 | |
Acxiom Corp. (a) | 66,136 | 1,204,337 | |
Alliance Data Systems Corp. (a)(d) | 50,917 | 8,080,019 | |
Analysts International Corp. (a) | 1,000 | 3,670 | |
Automatic Data Processing, Inc. | 461,625 | 28,325,310 | |
Booz Allen Hamilton Holding Corp. Class A (d) | 29,672 | 379,802 | |
Broadridge Financial Solutions, Inc. | 107,819 | 2,474,446 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,038,447 | |
Cardtronics, Inc. (a) | 44,777 | 1,180,322 | |
Cass Information Systems, Inc. | 3,955 | 169,076 | |
Ciber, Inc. (a)(d) | 53,912 | 239,908 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Cognizant Technology Solutions Corp. Class A (a) | 279,212 | $ 21,435,105 | |
Computer Sciences Corp. | 143,307 | 6,883,035 | |
Computer Task Group, Inc. | 4,854 | 96,595 | |
Convergys Corp. (d) | 123,097 | 2,042,179 | |
CoreLogic, Inc. (a) | 88,040 | 2,281,116 | |
CSG Systems International, Inc. (a)(d) | 47,456 | 921,121 | |
CSP, Inc. | 3,696 | 25,133 | |
DST Systems, Inc. | 31,684 | 2,151,977 | |
Dynamics Research Corp. (a) | 2,443 | 14,438 | |
Edgewater Technology, Inc. (a) | 2,875 | 11,241 | |
EPAM Systems, Inc. (d) | 11,994 | 251,634 | |
Euronet Worldwide, Inc. (a)(d) | 47,939 | 1,157,247 | |
ExlService Holdings, Inc. (a)(d) | 20,701 | 626,619 | |
Fidelity National Information Services, Inc. | 242,609 | 9,134,229 | |
Fiserv, Inc. (a) | 126,468 | 10,384,287 | |
FleetCor Technologies, Inc. (a) | 39,405 | 2,750,863 | |
Forrester Research, Inc. | 10,441 | 286,710 | |
Gartner, Inc. Class A (a)(d) | 93,477 | 4,651,416 | |
Genpact Ltd. | 119,462 | 2,103,726 | |
Global Cash Access Holdings, Inc. (a) | 58,402 | 414,654 | |
Global Payments, Inc. | 75,409 | 3,635,468 | |
Hackett Group, Inc. | 12,619 | 58,426 | |
Heartland Payment Systems, Inc. | 30,852 | 959,497 | |
Higher One Holdings, Inc. (a)(d) | 26,817 | 239,744 | |
IBM Corp. | 995,045 | 199,834,887 | |
iGate Corp. (a)(d) | 19,383 | 370,409 | |
Information Services Group, Inc. (a) | 18,000 | 24,120 | |
Innodata, Inc. (a) | 14,010 | 48,895 | |
Jack Henry & Associates, Inc. | 77,862 | 3,404,127 | |
Lender Processing Services, Inc. | 87,526 | 2,149,639 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 132,497 | |
ManTech International Corp. Class A | 23,021 | 571,151 | |
MasterCard, Inc. Class A | 99,527 | 51,537,071 | |
Mattersight Corp. (a) | 4,307 | 19,640 | |
Maximus, Inc. | 30,123 | 2,192,352 | |
ModusLink Global Solutions, Inc. (a) | 31,030 | 89,366 | |
MoneyGram International, Inc. (a)(d) | 66,937 | 1,085,049 | |
NCI, Inc. Class A (a) | 12,261 | 61,673 | |
NeuStar, Inc. Class A (a)(d) | 66,766 | 2,927,689 | |
Online Resources Corp. (a) | 26,280 | 100,652 | |
Paychex, Inc. (d) | 286,984 | 9,499,170 | |
PFSweb, Inc. (a) | 1,815 | 6,262 | |
PRG-Schultz International, Inc. (a) | 5,640 | 36,660 | |
SAIC, Inc. (d) | 273,792 | 3,236,221 | |
Sapient Corp. (a) | 97,843 | 1,097,798 | |
ServiceSource International, Inc. (a) | 30,455 | 192,476 | |
StarTek, Inc. (a) | 2,150 | 10,793 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Sykes Enterprises, Inc. (a) | 30,728 | 456,618 | |
| |||
Shares | Value | ||
Syntel, Inc. | 16,557 | $ 996,069 | |
Teletech Holdings, Inc. (a) | 19,293 | 360,972 | |
Teradata Corp. (a) | 158,752 | 9,217,141 | |
The Management Network Group, Inc. (a) | 206 | 719 | |
The Western Union Co. | 556,142 | 7,802,672 | |
Total System Services, Inc. | 171,609 | 4,077,430 | |
Unisys Corp. (a)(d) | 35,389 | 813,239 | |
Vantiv, Inc. (d) | 35,941 | 782,076 | |
VeriFone Systems, Inc. (a) | 99,369 | 1,885,030 | |
Virtusa Corp. (a) | 14,018 | 293,677 | |
Visa, Inc. Class A | 486,399 | 77,162,337 | |
WEX, Inc. (a) | 33,822 | 2,536,988 | |
| 545,422,354 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | 9,788,851 | |
Zebra Technologies Corp. Class A (a) | 46,287 | 2,069,955 | |
| 11,858,806 | ||
Semiconductors & Semiconductor Equipment - 2.1% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 560,701 | |
Advanced Micro Devices, Inc. (a)(d) | 535,938 | 1,334,486 | |
AEHR Test Systems (a) | 3,126 | 2,813 | |
Aetrium, Inc. (a) | 2,064 | 1,548 | |
Altera Corp. | 296,178 | 10,490,625 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 465,616 | |
Amtech Systems, Inc. (a) | 12,381 | 49,400 | |
ANADIGICS, Inc. (a)(d) | 74,954 | 158,153 | |
Analog Devices, Inc. | 279,008 | 12,616,742 | |
Applied Materials, Inc. | 1,097,065 | 15,029,791 | |
Applied Micro Circuits Corp. (a)(d) | 98,689 | 784,578 | |
Atmel Corp. (a) | 430,659 | 2,928,481 | |
ATMI, Inc. (a) | 23,384 | 512,110 | |
Axcelis Technologies, Inc. (a) | 87,264 | 99,481 | |
AXT, Inc. (a) | 31,515 | 89,818 | |
Broadcom Corp. Class A | 472,870 | 16,129,596 | |
Brooks Automation, Inc. | 46,495 | 470,064 | |
BTU International, Inc. (a) | 4,067 | 11,835 | |
Cabot Microelectronics Corp. (d) | 30,653 | 1,047,413 | |
Cavium, Inc. (a)(d) | 42,834 | 1,581,431 | |
Ceva, Inc. (a) | 14,448 | 218,598 | |
Cirrus Logic, Inc. (a)(d) | 62,020 | 1,490,961 | |
Cohu, Inc. | 18,095 | 182,036 | |
Cree, Inc. (a)(d) | 109,699 | 4,961,686 | |
CVD Equipment Corp. (a)(d) | 24,298 | 247,840 | |
Cymer, Inc. (a) | 29,062 | 2,873,651 | |
Cypress Semiconductor Corp. (d) | 200,786 | 2,114,277 | |
Diodes, Inc. (a)(d) | 26,894 | 535,997 | |
DSP Group, Inc. (a) | 34,788 | 251,865 | |
Entegris, Inc. (a) | 143,226 | 1,362,079 | |
Entropic Communications, Inc. (a)(d) | 130,146 | 573,944 | |
Exar Corp. (a) | 27,190 | 319,483 | |
Fairchild Semiconductor International, Inc. (a) | 100,014 | 1,426,200 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
First Solar, Inc. (a)(d) | 62,639 | $ 1,619,218 | |
FormFactor, Inc. (a) | 44,109 | 221,427 | |
GigOptix, Inc. (a) | 17,428 | 19,171 | |
GSI Technology, Inc. (a) | 4,316 | 27,709 | |
GT Advanced Technologies, Inc. (a)(d) | 93,200 | 266,552 | |
Hittite Microwave Corp. (a)(d) | 24,952 | 1,617,389 | |
Ikanos Communications, Inc. (a) | 35,040 | 60,970 | |
Inphi Corp. (a)(d) | 18,384 | 177,589 | |
Integrated Device Technology, Inc. (a) | 100,471 | 683,203 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 230,223 | |
Intel Corp. | 4,659,552 | 97,151,659 | |
International Rectifier Corp. (a)(d) | 61,935 | 1,301,874 | |
Intersil Corp. Class A | 109,308 | 928,025 | |
Intest Corp. | 2,175 | 7,352 | |
IXYS Corp. | 38,644 | 385,281 | |
KLA-Tencor Corp. | 158,007 | 8,652,463 | |
Kopin Corp. (a) | 42,598 | 137,166 | |
Kulicke & Soffa Industries, Inc. (a) | 82,587 | 893,591 | |
Lam Research Corp. (a) | 168,446 | 7,125,266 | |
Lattice Semiconductor Corp. (a) | 136,230 | 637,556 | |
Linear Technology Corp. (d) | 206,542 | 7,898,166 | |
LSI Corp. (a) | 527,450 | 3,671,052 | |
LTX-Credence Corp. (a) | 48,731 | 282,640 | |
M/A-COM Technology Solutions, Inc. (d) | 10,000 | 162,000 | |
Marvell Technology Group Ltd. | 465,712 | 4,703,691 | |
Mattson Technology, Inc. (a) | 39,367 | 48,421 | |
Maxim Integrated Products, Inc. (d) | 279,986 | 8,729,963 | |
MaxLinear, Inc. Class A (a) | 15,441 | 90,793 | |
MEMC Electronic Materials, Inc. (a)(d) | 197,213 | 976,204 | |
Micrel, Inc. (d) | 33,398 | 351,347 | |
Microchip Technology, Inc. | 181,262 | 6,610,625 | |
Micron Technology, Inc. (a)(d) | 956,682 | 8,026,562 | |
Microsemi Corp. (a) | 78,145 | 1,612,131 | |
Mindspeed Technologies, Inc. (a)(d) | 20,470 | 91,092 | |
MKS Instruments, Inc. | 47,592 | 1,291,647 | |
Monolithic Power Systems, Inc. (d) | 35,284 | 867,634 | |
MoSys, Inc. (a)(d) | 9,566 | 33,194 | |
Nanometrics, Inc. (a) | 28,664 | 422,794 | |
NeoPhotonics Corp. (a) | 11,524 | 57,850 | |
NVE Corp. (a)(d) | 6,043 | 320,037 | |
NVIDIA Corp. | 580,786 | 7,352,751 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 684,112 | |
ON Semiconductor Corp. (a) | 400,227 | 3,201,816 | |
PDF Solutions, Inc. (a) | 17,331 | 269,324 | |
Peregrine Semiconductor Corp. (d) | 5,341 | 53,357 | |
Pericom Semiconductor Corp. (a) | 17,514 | 122,948 | |
Photronics, Inc. (a)(d) | 74,723 | 496,161 | |
Pixelworks, Inc. (a) | 11,868 | 28,721 | |
PLX Technology, Inc. (a) | 29,807 | 141,583 | |
PMC-Sierra, Inc. (a)(d) | 199,312 | 1,293,535 | |
Power Integrations, Inc. | 28,590 | 1,195,348 | |
| |||
Shares | Value | ||
QuickLogic Corp. (a)(d) | 38,003 | $ 82,086 | |
Rambus, Inc. (a) | 81,201 | 457,974 | |
RF Micro Devices, Inc. (a)(d) | 236,125 | 1,088,536 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 94,278 | |
Rudolph Technologies, Inc. (a)(d) | 29,614 | 326,346 | |
Semtech Corp. (a)(d) | 60,032 | 1,835,178 | |
Sigma Designs, Inc. (a)(d) | 22,818 | 106,104 | |
Silicon Image, Inc. (a) | 84,424 | 389,195 | |
Silicon Laboratories, Inc. (a)(d) | 36,210 | 1,503,439 | |
Skyworks Solutions, Inc. (a) | 195,201 | 4,157,781 | |
Spansion, Inc. Class A | 38,055 | 447,527 | |
STR Holdings, Inc. (a)(d) | 37,233 | 74,466 | |
SunPower Corp. (a)(d) | 29,517 | 346,530 | |
Supertex, Inc. | 19,548 | 441,589 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,992,062 | |
Tessera Technologies, Inc. | 44,982 | 802,479 | |
Texas Instruments, Inc. | 1,045,185 | 35,923,008 | |
TranSwitch Corp. (a) | 16,133 | 13,389 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 651,505 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 76,081 | |
Ultratech, Inc. (a) | 31,408 | 1,287,100 | |
Veeco Instruments, Inc. (a) | 36,173 | 1,154,280 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 19,822 | |
Volterra Semiconductor Corp. (a) | 28,138 | 431,918 | |
Xilinx, Inc. | 242,074 | 9,022,098 | |
| 327,879,253 | ||
Software - 3.5% | |||
Accelrys, Inc. (a) | 40,003 | 378,428 | |
ACI Worldwide, Inc. (a)(d) | 37,489 | 1,717,371 | |
Activision Blizzard, Inc. | 390,312 | 5,581,462 | |
Actuate Corp. (a) | 42,170 | 253,442 | |
Adobe Systems, Inc. (a) | 463,352 | 18,209,734 | |
Advent Software, Inc. (a)(d) | 32,795 | 859,229 | |
American Software, Inc. Class A | 10,878 | 88,764 | |
ANSYS, Inc. (a)(d) | 86,793 | 6,578,909 | |
Aspen Technology, Inc. (a) | 97,387 | 2,995,624 | |
Autodesk, Inc. (a) | 213,057 | 7,823,453 | |
Blackbaud, Inc. | 40,206 | 1,117,727 | |
BMC Software, Inc. (a) | 135,415 | 5,426,079 | |
Bottomline Technologies, Inc. (a)(d) | 34,478 | 935,388 | |
BroadSoft, Inc. (a) | 23,438 | 492,198 | |
BSQUARE Corp. (a) | 11,182 | 32,987 | |
CA Technologies, Inc. | 349,083 | 8,549,043 | |
Cadence Design Systems, Inc. (a)(d) | 280,788 | 3,975,958 | |
Callidus Software, Inc. (a)(d) | 16,907 | 73,545 | |
Citrix Systems, Inc. (a) | 175,074 | 12,412,747 | |
CommVault Systems, Inc. (a)(d) | 39,408 | 2,914,222 | |
Compuware Corp. (a) | 189,084 | 2,195,265 | |
Comverse, Inc. | 14,883 | 409,580 | |
Concur Technologies, Inc. (a)(d) | 46,147 | 3,239,519 | |
Datawatch Corp. (a) | 1,950 | 21,216 | |
Digimarc Corp. | 3,041 | 67,906 | |
Ebix, Inc. (d) | 31,393 | 503,230 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Electronic Arts, Inc. (a) | 280,403 | $ 4,915,465 | |
Ellie Mae, Inc. (a) | 15,823 | 321,207 | |
Envivio, Inc. | 6,801 | 11,562 | |
EPIQ Systems, Inc. | 38,746 | 482,000 | |
ePlus, Inc. | 1,206 | 55,428 | |
Evolving Systems, Inc. | 4,973 | 33,319 | |
FactSet Research Systems, Inc. (d) | 36,068 | 3,509,056 | |
Fair Isaac Corp. | 37,437 | 1,659,957 | |
FalconStor Software, Inc. (a) | 21,866 | 58,820 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 124,790 | 3,017,422 | |
Glu Mobile, Inc. (a)(d) | 98,358 | 223,273 | |
GSE Systems, Inc. (a) | 388 | 877 | |
Guidance Software, Inc. (a) | 3,531 | 34,639 | |
Guidewire Software, Inc. (a)(d) | 25,608 | 935,972 | |
Imperva, Inc. (a)(d) | 12,476 | 455,374 | |
Infoblox, Inc. (d) | 40,167 | 847,122 | |
Informatica Corp. (a) | 99,837 | 3,495,293 | |
Interactive Intelligence Group, Inc. (a) | 16,038 | 667,341 | |
Intuit, Inc. | 259,759 | 16,749,260 | |
Jive Software, Inc. (a)(d) | 30,754 | 509,901 | |
Majesco Entertainment Co. (a) | 19,952 | 10,664 | |
Manhattan Associates, Inc. (a)(d) | 20,570 | 1,437,020 | |
Marlborough Software Development Holdings, Inc. | 5,202 | 780 | |
Mentor Graphics Corp. (d) | 80,500 | 1,425,655 | |
MICROS Systems, Inc. (a)(d) | 71,058 | 3,041,282 | |
Microsoft Corp. | 7,095,764 | 197,262,239 | |
MicroStrategy, Inc. Class A (a) | 7,880 | 802,814 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 68,353 | |
Monotype Imaging Holdings, Inc. | 25,665 | 538,965 | |
Motricity, Inc. (a)(d) | 42,402 | 16,957 | |
NetScout Systems, Inc. (a) | 29,548 | 751,406 | |
NetSol Technologies, Inc. (a)(d) | 10,165 | 117,711 | |
NetSuite, Inc. (a)(d) | 30,845 | 2,152,673 | |
Nuance Communications, Inc. (a)(d) | 239,170 | 4,403,120 | |
Oracle Corp. | 3,523,355 | 120,710,142 | |
Parametric Technology Corp. (a) | 117,269 | 2,713,605 | |
Peerless Systems Corp. (a) | 172 | 550 | |
Pegasystems, Inc. | 16,328 | 447,224 | |
Pervasive Software, Inc. (a) | 4,203 | 38,457 | |
Progress Software Corp. (a) | 56,172 | 1,264,993 | |
Proofpoint, Inc. (d) | 6,483 | 90,632 | |
PROS Holdings, Inc. (a) | 12,895 | 336,044 | |
QAD, Inc. Class B | 4,298 | 51,705 | |
QLIK Technologies, Inc. (a) | 69,650 | 1,810,900 | |
Qualys, Inc. (d) | 7,387 | 87,610 | |
RealPage, Inc. (a)(d) | 33,089 | 716,708 | |
Red Hat, Inc. (a) | 178,129 | 9,050,734 | |
Rosetta Stone, Inc. (a) | 8,315 | 96,288 | |
Rovi Corp. (a) | 95,372 | 1,696,668 | |
| |||
Shares | Value | ||
salesforce.com, Inc. (a)(d) | 121,229 | $ 20,514,371 | |
SeaChange International, Inc. (a) | 17,668 | 203,535 | |
ServiceNow, Inc. (d) | 10,394 | 337,493 | |
Smith Micro Software, Inc. (a)(d) | 41,455 | 60,524 | |
SolarWinds, Inc. (a) | 59,019 | 3,332,213 | |
Solera Holdings, Inc. | 62,084 | 3,495,329 | |
Sonic Foundry, Inc. (a) | 155 | 1,070 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,426,558 | |
Splunk, Inc. | 20,016 | 723,178 | |
SS&C Technologies Holdings, Inc. (a) | 35,267 | 892,608 | |
Symantec Corp. (a) | 635,627 | 14,899,097 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 887,571 | |
Synopsys, Inc. (a) | 144,793 | 5,072,099 | |
Take-Two Interactive Software, Inc. (a)(d) | 76,173 | 1,115,173 | |
Tangoe, Inc. (a)(d) | 45,871 | 627,057 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 114,061 | |
TeleNav, Inc. (a) | 12,035 | 85,569 | |
TIBCO Software, Inc. (a) | 141,645 | 3,038,285 | |
TiVo, Inc. (a)(d) | 121,206 | 1,501,742 | |
Tyler Technologies, Inc. (a) | 30,080 | 1,696,512 | |
Ultimate Software Group, Inc. (a)(d) | 28,130 | 2,764,335 | |
Vasco Data Security International, Inc. (a) | 30,246 | 250,134 | |
Verint Systems, Inc. (a) | 42,645 | 1,457,180 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 1,486,565 | |
VMware, Inc. Class A (a)(d) | 80,645 | 5,792,730 | |
Vringo, Inc. (a)(d) | 39,609 | 120,411 | |
Wave Systems Corp. Class A (a)(d) | 62,248 | 54,778 | |
Websense, Inc. (a) | 31,243 | 468,333 | |
Workday, Inc. | 22,066 | 1,220,029 | |
Zynga, Inc. (a)(d) | 461,286 | 1,563,760 | |
| 551,180,513 | ||
TOTAL INFORMATION TECHNOLOGY | 2,751,342,683 | ||
MATERIALS - 3.8% | |||
Chemicals - 2.5% | |||
A. Schulman, Inc. | 30,292 | 949,654 | |
ADA-ES, Inc. (a)(d) | 14,209 | 377,533 | |
Air Products & Chemicals, Inc. | 196,426 | 16,959,421 | |
Airgas, Inc. | 67,095 | 6,728,287 | |
Albemarle Corp. | 82,305 | 5,356,409 | |
American Pacific Corp. (a) | 2,556 | 47,286 | |
American Vanguard Corp. | 23,997 | 744,627 | |
Arabian American Development Co. (a)(d) | 28,770 | 211,747 | |
Ashland, Inc. | 69,720 | 5,436,068 | |
Axiall Corp. | 65,100 | 3,683,358 | |
Balchem Corp. | 26,952 | 1,086,974 | |
Cabot Corp. | 56,337 | 2,072,075 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,418,181 | |
Celanese Corp. Class A (d) | 148,644 | 6,963,971 | |
CF Industries Holdings, Inc. | 60,942 | 12,238,982 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Chase Corp. | 3,188 | $ 60,062 | |
Chemtura Corp. (a) | 94,872 | 1,908,825 | |
Clean Diesel Technologies, Inc. (a)(d) | 42,378 | 101,283 | |
Core Molding Technologies, Inc. (a) | 5,919 | 41,137 | |
Cytec Industries, Inc. | 39,374 | 2,850,284 | |
E.I. du Pont de Nemours & Co. | 867,966 | 41,575,571 | |
Eastman Chemical Co. | 140,187 | 9,775,240 | |
Ecolab, Inc. | 245,228 | 18,772,203 | |
Ferro Corp. (a)(d) | 75,739 | 388,541 | |
Flotek Industries, Inc. (a)(d) | 68,404 | 960,392 | |
FMC Corp. | 127,997 | 7,713,099 | |
FutureFuel Corp. | 9,540 | 125,069 | |
GSE Holding, Inc. | 3,278 | 23,569 | |
H.B. Fuller Co. | 40,504 | 1,655,398 | |
Hawkins, Inc. (d) | 5,329 | 210,176 | |
Huntsman Corp. | 166,677 | 2,871,845 | |
Innophos Holdings, Inc. | 21,107 | 1,030,655 | |
International Flavors & Fragrances, Inc. | 78,743 | 5,746,664 | |
Intrepid Potash, Inc. (d) | 47,540 | 937,013 | |
KMG Chemicals, Inc. | 10,303 | 203,587 | |
Koppers Holdings, Inc. | 22,254 | 923,096 | |
Kraton Performance Polymers, Inc. (a) | 27,382 | 658,263 | |
Kronos Worldwide, Inc. (d) | 25,586 | 437,776 | |
Landec Corp. (a) | 25,874 | 284,873 | |
LSB Industries, Inc. (a) | 18,952 | 734,390 | |
LyondellBasell Industries NV Class A | 353,245 | 20,707,222 | |
Material Sciences Corp. (a)(d) | 4,565 | 46,335 | |
Minerals Technologies, Inc. | 52,154 | 2,098,677 | |
Monsanto Co. | 498,229 | 50,336,076 | |
NewMarket Corp. (d) | 10,242 | 2,577,604 | |
Olin Corp. (d) | 59,328 | 1,374,036 | |
OM Group, Inc. (a)(d) | 25,674 | 630,040 | |
OMNOVA Solutions, Inc. (a) | 35,057 | 280,807 | |
Penford Corp. (a) | 6,469 | 65,660 | |
PolyOne Corp. | 78,276 | 1,783,910 | |
PPG Industries, Inc. | 140,149 | 18,872,464 | |
Praxair, Inc. | 278,925 | 31,532,471 | |
Quaker Chemical Corp. | 14,473 | 830,895 | |
Rockwood Holdings, Inc. | 70,868 | 4,436,337 | |
RPM International, Inc. | 115,775 | 3,520,718 | |
Senomyx, Inc. (a) | 31,786 | 76,604 | |
Sensient Technologies Corp. | 58,886 | 2,173,482 | |
Sherwin-Williams Co. | 79,080 | 12,778,537 | |
Sigma Aldrich Corp. | 110,382 | 8,506,037 | |
Spartech Corp. (a) | 26,298 | 259,561 | |
Stepan Co. | 16,974 | 1,039,488 | |
The Dow Chemical Co. | 1,116,995 | 35,431,081 | |
The Mosaic Co. | 258,436 | 15,128,843 | |
The Scotts Miracle-Gro Co. Class A (d) | 31,090 | 1,377,598 | |
Tredegar Corp. | 24,439 | 598,267 | |
Tronox Ltd. Class A | 19,331 | 397,059 | |
| |||
Shares | Value | ||
Valhi, Inc. | 16,022 | $ 260,838 | |
Valspar Corp. | 85,270 | 5,253,485 | |
W.R. Grace & Co. (a) | 64,184 | 4,594,291 | |
Westlake Chemical Corp. | 20,522 | 1,769,407 | |
Zep, Inc. | 16,526 | 247,229 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 376,328 | |
| 393,624,971 | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 43,267 | 2,782,501 | |
Headwaters, Inc. (a) | 97,498 | 917,456 | |
Martin Marietta Materials, Inc. | 41,456 | 4,026,621 | |
Texas Industries, Inc. (a)(d) | 19,133 | 1,110,671 | |
U.S. Concrete, Inc. (a) | 13,793 | 135,171 | |
Vulcan Materials Co. | 120,291 | 6,126,421 | |
| 15,098,841 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 459,221 | |
Aptargroup, Inc. | 60,393 | 3,257,598 | |
Ball Corp. | 152,556 | 6,775,012 | |
Bemis Co., Inc. | 87,122 | 3,253,135 | |
Berry Plastics Group, Inc. | 28,788 | 553,305 | |
Boise, Inc. | 80,405 | 690,679 | |
Crown Holdings, Inc. (a) | 123,560 | 4,802,777 | |
Graphic Packaging Holding Co. (a) | 184,468 | 1,368,753 | |
Greif, Inc. Class A | 37,275 | 1,896,179 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 8,120 | |
Myers Industries, Inc. | 25,717 | 378,554 | |
Owens-Illinois, Inc. (a) | 155,209 | 3,957,830 | |
Packaging Corp. of America | 83,299 | 3,480,232 | |
Rock-Tenn Co. Class A | 65,822 | 5,821,956 | |
Sealed Air Corp. | 175,395 | 3,895,523 | |
Silgan Holdings, Inc. | 43,920 | 1,885,486 | |
Sonoco Products Co. | 95,840 | 3,044,837 | |
UFP Technologies, Inc. (a) | 2,454 | 46,430 | |
| 45,575,627 | ||
Metals & Mining - 0.7% | |||
A.M. Castle & Co. (a)(d) | 36,860 | 605,610 | |
AK Steel Holding Corp. (d) | 121,218 | 454,568 | |
Alcoa, Inc. (d) | 972,022 | 8,281,627 | |
Allegheny Technologies, Inc. | 102,039 | 3,109,128 | |
Allied Nevada Gold Corp. (a)(d) | 72,291 | 1,322,925 | |
Amcol International Corp. | 23,278 | 680,649 | |
Carpenter Technology Corp. | 37,349 | 1,763,993 | |
Century Aluminum Co. (a)(d) | 51,555 | 418,111 | |
Cliffs Natural Resources, Inc. (d) | 131,469 | 3,347,201 | |
Coeur d'Alene Mines Corp. (a) | 98,197 | 1,866,725 | |
Commercial Metals Co. | 130,792 | 2,133,218 | |
Compass Minerals International, Inc. | 30,663 | 2,260,476 | |
Comstock Mining, Inc. (a)(d) | 32,356 | 64,065 | |
Freeport-McMoRan Copper & Gold, Inc. | 888,082 | 28,347,577 | |
Friedman Industries | 2,001 | 21,891 | |
General Moly, Inc. (a) | 49,482 | 144,487 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Globe Specialty Metals, Inc. | 53,804 | $ 768,859 | |
Golden Minerals Co. (a)(d) | 55,854 | 161,977 | |
Handy & Harman Ltd. (a) | 5,646 | 91,465 | |
Haynes International, Inc. | 10,403 | 535,755 | |
Hecla Mining Co. (d) | 255,072 | 1,183,534 | |
Horsehead Holding Corp. (a)(d) | 39,520 | 417,726 | |
Kaiser Aluminum Corp. (d) | 16,273 | 996,559 | |
Materion Corp. | 22,336 | 617,814 | |
McEwen Mining, Inc. (a) | 217,690 | 528,987 | |
Metals USA Holdings Corp. | 10,388 | 215,447 | |
Mines Management, Inc. (a)(d) | 24,109 | 26,279 | |
Molycorp, Inc. (a)(d) | 115,663 | 710,171 | |
Newmont Mining Corp. | 460,156 | 18,539,685 | |
Noranda Aluminium Holding Corp. | 57,213 | 272,334 | |
Nucor Corp. | 296,896 | 13,375,165 | |
Olympic Steel, Inc. | 9,587 | 198,163 | |
Reliance Steel & Aluminum Co. | 68,490 | 4,560,749 | |
Royal Gold, Inc. | 59,947 | 3,928,926 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 830,048 | |
Schnitzer Steel Industries, Inc. Class A (d) | 20,284 | 580,325 | |
Silver Bull Resources, Inc. (a)(d) | 60,971 | 20,425 | |
Solitario Exploration & Royalty Corp. (a) | 18,115 | 28,078 | |
Steel Dynamics, Inc. | 191,858 | 2,929,672 | |
Stillwater Mining Co. (a)(d) | 106,954 | 1,394,680 | |
SunCoke Energy, Inc. (a) | 69,275 | 1,142,345 | |
Synalloy Corp. | 1,991 | 27,177 | |
Timberline Resources Corp. (a) | 18,994 | 3,609 | |
U.S. Silica Holdings, Inc. (d) | 14,625 | 359,629 | |
United States Steel Corp. (d) | 123,306 | 2,569,697 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 6,659 | 236,328 | |
US Antimony Corp. (a)(d) | 24,962 | 46,679 | |
Walter Energy, Inc. | 53,873 | 1,712,623 | |
Worthington Industries, Inc. | 60,686 | 1,719,841 | |
| 115,553,002 | ||
Paper & Forest Products - 0.2% | |||
Boise Cascade Co. | 11,500 | 311,650 | |
Buckeye Technologies, Inc. | 38,686 | 1,072,763 | |
Clearwater Paper Corp. (a) | 22,216 | 1,075,032 | |
Deltic Timber Corp. | 13,533 | 966,121 | |
Domtar Corp. | 31,471 | 2,346,478 | |
International Paper Co. | 404,904 | 17,819,825 | |
Kapstone Paper & Packaging Corp. | 34,137 | 909,410 | |
Louisiana-Pacific Corp. (a)(d) | 122,996 | 2,579,226 | |
MeadWestvaco Corp. | 171,723 | 6,132,228 | |
Neenah Paper, Inc. | 13,754 | 401,617 | |
P.H. Glatfelter Co. | 36,975 | 671,096 | |
Resolute Forest Products (a)(d) | 103,317 | 1,425,775 | |
Schweitzer-Mauduit International, Inc. | 24,906 | 917,786 | |
| |||
Shares | Value | ||
Verso Paper Corp. (a) | 23,529 | $ 25,176 | |
Wausau-Mosinee Paper Corp. | 43,988 | 434,162 | |
| 37,088,345 | ||
TOTAL MATERIALS | 606,940,786 | ||
TELECOMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 2.3% | |||
8x8, Inc. (a)(d) | 89,195 | 539,630 | |
Alaska Communication Systems Group, Inc. | 135,810 | 233,593 | |
Allegiance Telecom, Inc. (a)(d) | 7,100 | 0 | |
AT&T, Inc. | 5,313,513 | 190,808,252 | |
Atlantic Tele-Network, Inc. | 16,949 | 796,603 | |
Cbeyond, Inc. (a) | 59,758 | 419,501 | |
CenturyLink, Inc. (d) | 578,199 | 20,046,159 | |
Cincinnati Bell, Inc. (a)(d) | 198,209 | 644,179 | |
Cogent Communications Group, Inc. | 64,769 | 1,628,940 | |
Consolidated Communications Holdings, Inc. | 59,983 | 1,007,714 | |
Elephant Talk Communication, Inc. (a)(d) | 63,184 | 75,821 | |
FairPoint Communications, Inc. (a)(d) | 43,838 | 366,047 | |
Frontier Communications Corp. (d) | 931,518 | 3,856,485 | |
General Communications, Inc. Class A (a) | 33,964 | 286,996 | |
Hawaiian Telcom Holdco, Inc. (a) | 11,736 | 226,153 | |
HickoryTech Corp. | 2,523 | 23,691 | |
IDT Corp. Class B | 44,765 | 452,574 | |
inContact, Inc. (a)(d) | 42,838 | 290,870 | |
Iridium Communications, Inc. (a) | 61,404 | 375,178 | |
Level 3 Communications, Inc. (a)(d) | 161,071 | 3,218,199 | |
Lumos Networks Corp. | 15,837 | 180,859 | |
Neutral Tandem, Inc. | 28,172 | 96,630 | |
ORBCOMM, Inc. (a) | 20,031 | 88,337 | |
Premiere Global Services, Inc. (a) | 64,433 | 687,500 | |
Primus Telecommunications Group, Inc. | 10,437 | 114,703 | |
Towerstream Corp. (a)(d) | 39,383 | 98,064 | |
tw telecom, inc. (a) | 129,225 | 3,271,977 | |
Verizon Communications, Inc. | 2,670,665 | 124,266,042 | |
Vonage Holdings Corp. (a) | 140,662 | 371,348 | |
Windstream Corp. (d) | 539,024 | 4,630,216 | |
| 359,102,261 | ||
Wireless Telecommunication Services - 0.3% | |||
Boingo Wireless, Inc. (a) | 15,589 | 94,781 | |
Clearwire Corp. Class A (a) | 410,997 | 1,282,311 | |
Crown Castle International Corp. (a) | 268,137 | 18,715,963 | |
Leap Wireless International, Inc. (a)(d) | 51,525 | 275,659 | |
MetroPCS Communications, Inc. (a) | 316,592 | 3,102,602 | |
NII Holdings, Inc. (a)(d) | 144,839 | 698,124 | |
NTELOS Holdings Corp. | 10,948 | 136,631 | |
SBA Communications Corp. Class A (a)(d) | 109,238 | 7,769,007 | |
Shenandoah Telecommunications Co. | 22,919 | 330,263 | |
Sprint Nextel Corp. (a) | 2,784,811 | 16,151,904 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
Telephone & Data Systems, Inc. | 98,546 | $ 2,255,718 | |
U.S. Cellular Corp. (a)(d) | 27,310 | 1,004,735 | |
USA Mobility, Inc. | 43,148 | 501,380 | |
| 52,319,078 | ||
TOTAL TELECOMMUNICATION SERVICES | 411,421,339 | ||
UTILITIES - 3.5% | |||
Electric Utilities - 1.8% | |||
Allete, Inc. | 33,215 | 1,561,105 | |
American Electric Power Co., Inc. | 446,091 | 20,872,598 | |
Cleco Corp. (d) | 54,483 | 2,413,597 | |
Duke Energy Corp. | 665,471 | 46,083,867 | |
Edison International | 298,039 | 14,314,813 | |
El Paso Electric Co. | 44,691 | 1,490,445 | |
Empire District Electric Co. | 52,048 | 1,114,348 | |
Entergy Corp. | 167,660 | 10,438,512 | |
Exelon Corp. | 798,134 | 24,734,173 | |
FirstEnergy Corp. | 388,361 | 15,332,492 | |
Great Plains Energy, Inc. | 136,077 | 2,970,561 | |
Hawaiian Electric Industries, Inc. | 99,172 | 2,676,652 | |
IDACORP, Inc. | 44,055 | 2,056,928 | |
ITC Holdings Corp. | 54,901 | 4,640,233 | |
MGE Energy, Inc. | 22,576 | 1,211,880 | |
NextEra Energy, Inc. | 396,901 | 28,525,275 | |
Northeast Utilities | 298,461 | 12,389,116 | |
NV Energy, Inc. | 198,898 | 3,930,224 | |
OGE Energy Corp. | 100,519 | 5,821,055 | |
Otter Tail Corp. | 43,707 | 1,262,695 | |
Pepco Holdings, Inc. | 198,406 | 4,025,658 | |
Pinnacle West Capital Corp. | 94,072 | 5,262,388 | |
PNM Resources, Inc. | 67,114 | 1,507,380 | |
Portland General Electric Co. | 65,957 | 1,958,263 | |
PPL Corp. | 531,780 | 16,389,460 | |
Southern Co. | 819,798 | 36,899,108 | |
UIL Holdings Corp. | 48,015 | 1,880,267 | |
Unitil Corp. | 19,695 | 539,249 | |
UNS Energy Corp. | 32,111 | 1,509,859 | |
Westar Energy, Inc. (d) | 117,240 | 3,636,785 | |
Xcel Energy, Inc. | 463,832 | 13,311,978 | |
| 290,760,964 | ||
Gas Utilities - 0.3% | |||
AGL Resources, Inc. | 117,679 | 4,702,453 | |
Atmos Energy Corp. | 80,528 | 3,073,754 | |
Chesapeake Utilities Corp. | 10,363 | 497,735 | |
Delta Natural Gas Co., Inc. | 3,078 | 60,144 | |
Gas Natural, Inc. | 3,100 | 30,814 | |
Laclede Group, Inc. | 27,494 | 1,120,655 | |
National Fuel Gas Co. (d) | 80,051 | 4,658,168 | |
| |||
Shares | Value | ||
New Jersey Resources Corp. | 32,715 | $ 1,457,780 | |
Northwest Natural Gas Co. | 34,699 | 1,580,539 | |
ONEOK, Inc. | 190,309 | 8,562,002 | |
Piedmont Natural Gas Co., Inc. (d) | 66,004 | 2,127,969 | |
Questar Corp. | 154,003 | 3,620,611 | |
South Jersey Industries, Inc. | 25,563 | 1,409,544 | |
Southwest Gas Corp. | 43,172 | 1,955,692 | |
UGI Corp. | 101,658 | 3,641,390 | |
WGL Holdings, Inc. | 48,285 | 2,036,178 | |
| 40,535,428 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
American DG Energy, Inc. (a)(d) | 24,722 | 54,388 | |
Black Hills Corp. | 38,823 | 1,614,649 | |
Calpine Corp. (a)(d) | 357,032 | 6,569,389 | |
Dynegy, Inc. (a)(d) | 83,582 | 1,635,700 | |
Genie Energy Ltd. Class B | 11,430 | 80,239 | |
NRG Energy, Inc. | 283,859 | 6,812,616 | |
Ormat Technologies, Inc. (d) | 29,840 | 609,930 | |
Synthesis Energy Systems, Inc. (a)(d) | 39,903 | 42,696 | |
The AES Corp. | 613,866 | 7,133,123 | |
| 24,552,730 | ||
Multi-Utilities - 1.1% | |||
Alliant Energy Corp. | 123,112 | 5,871,211 | |
Ameren Corp. | 230,451 | 7,786,939 | |
Avista Corp. | 62,033 | 1,624,644 | |
CenterPoint Energy, Inc. | 384,116 | 8,231,606 | |
CH Energy Group, Inc. | 22,364 | 1,456,567 | |
CMS Energy Corp. | 217,136 | 5,777,989 | |
Consolidated Edison, Inc. | 267,067 | 15,756,953 | |
Dominion Resources, Inc. | 535,722 | 30,000,432 | |
DTE Energy Co. | 174,595 | 11,662,946 | |
Integrys Energy Group, Inc. | 70,869 | 4,009,059 | |
MDU Resources Group, Inc. | 177,407 | 4,286,153 | |
NiSource, Inc. | 277,276 | 7,680,545 | |
NorthWestern Energy Corp. | 42,329 | 1,649,984 | |
PG&E Corp. | 400,233 | 17,065,935 | |
Public Service Enterprise Group, Inc. | 481,767 | 15,700,787 | |
SCANA Corp. | 137,776 | 6,728,980 | |
Sempra Energy | 209,790 | 16,313,270 | |
TECO Energy, Inc. | 187,457 | 3,233,633 | |
Vectren Corp. | 88,091 | 2,907,003 | |
Wisconsin Energy Corp. | 210,137 | 8,678,658 | |
| 176,423,294 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 26,442 | 1,400,368 | |
American Water Works Co., Inc. | 164,099 | 6,473,706 | |
Aqua America, Inc. (d) | 151,195 | 4,404,310 | |
Artesian Resources Corp. Class A | 8,755 | 194,799 | |
Cadiz, Inc. (a)(d) | 5,759 | 38,816 | |
California Water Service Group | 51,749 | 1,038,085 | |
Connecticut Water Service, Inc. | 5,010 | 149,599 | |
Middlesex Water Co. | 7,054 | 137,271 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Pure Cycle Corp. (a) | 13,598 | $ 54,528 | |
SJW Corp. | 12,324 | 326,709 | |
York Water Co. | 5,248 | 96,878 | |
| 14,315,069 | ||
TOTAL UTILITIES | 546,587,485 | ||
TOTAL COMMON STOCKS (Cost $12,541,206,142) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal |
| ||
U.S. Treasury Bills, yield at date of purchase 0.08% to 0.14% 4/11/13 to 8/8/13 (e) | $ 14,000,000 |
|
Money Market Funds - 9.9% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 251,050,200 | 251,050,200 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 1,320,680,268 | 1,320,680,268 | |
TOTAL MONEY MARKET FUNDS (Cost $1,571,730,468) |
| ||
TOTAL INVESTMENT (Cost $14,126,932,564) | 17,202,934,121 | ||
NET OTHER ASSETS (LIABILITIES) - (8.7)% | (1,379,225,564) | ||
NET ASSETS - 100% | $ 15,823,708,557 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
288 CME S&P 500 Index Contracts | March 2013 | $ 108,957,600 | $ 6,174,424 | ||
749 CME E-mini S&P 500 Index Contracts | March 2013 | 56,673,085 | 3,298,524 | ||
110 CME E-mini S&P MidCap 400 Index Contracts | March 2013 | 12,118,700 | 948,344 | ||
266 NYFE Russell 2000 Mini Index Contracts | March 2013 | 24,211,320 | 2,022,798 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 201,960,705 | $ 12,444,090 |
|
The face value of futures purchased as a percentage of net assets is 1.4% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $11,776,149. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 287,077 |
Fidelity Securities Lending Cash Central Fund | 7,094,866 |
Total | $ 7,381,943 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,900,846,570 | $ 1,900,846,570 | $ - | $ - |
Consumer Staples | 1,474,260,627 | 1,474,260,627 | - | - |
Energy | 1,606,396,650 | 1,606,396,650 | - | - |
Financials | 2,687,885,279 | 2,687,883,265 | - | 2,014 |
Health Care | 1,871,399,851 | 1,871,399,850 | - | 1 |
Industrials | 1,760,126,554 | 1,760,119,350 | 7,204 | - |
Information Technology | 2,751,342,683 | 2,751,342,683 | - | - |
Materials | 606,940,786 | 606,940,786 | - | - |
Telecommunication Services | 411,421,339 | 411,421,339 | - | - |
Utilities | 546,587,485 | 546,587,485 | - | - |
U.S. Government and Government Agency Obligations | 13,995,829 | - | 13,995,829 | - |
Money Market Funds | 1,571,730,468 | 1,571,730,468 | - | - |
Total Investments in Securities: | $ 17,202,934,121 | $ 17,188,929,073 | $ 14,003,033 | $ 2,015 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,444,090 | $ 12,444,090 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,444,090 | $ - |
Total Value of Derivatives | $ 12,444,090 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,287,151,025) - See accompanying schedule: Unaffiliated issuers (cost $12,555,202,096) | $ 15,631,203,653 |
|
Fidelity Central Funds (cost $1,571,730,468) | 1,571,730,468 |
|
Total Investments (cost $14,126,932,564) |
| $ 17,202,934,121 |
Receivable for investments sold | 3,035,785 | |
Receivable for fund shares sold | 11,984,080 | |
Dividends receivable | 33,542,246 | |
Distributions receivable from Fidelity Central Funds | 558,348 | |
Receivable from investment adviser for expense reductions | 160,619 | |
Other receivables | 178,407 | |
Total assets | 17,252,393,606 | |
|
|
|
Liabilities | ||
Payable to custodian bank | $ 126,989 | |
Payable for investments purchased | 56,679,963 | |
Payable for fund shares redeemed | 49,799,670 | |
Accrued management fee | 591,657 | |
Payable for daily variation margin on futures contracts | 333,124 | |
Other affiliated payables | 297,617 | |
Other payables and accrued expenses | 175,761 | |
Collateral on securities loaned, at value | 1,320,680,268 | |
Total liabilities | 1,428,685,049 | |
|
|
|
Net Assets | $ 15,823,708,557 | |
Net Assets consist of: |
| |
Paid in capital | $ 13,071,285,937 | |
Undistributed net investment income | 46,240,356 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (382,263,383) | |
Net unrealized appreciation (depreciation) on investments | 3,088,445,647 | |
Net Assets | $ 15,823,708,557 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Class: | $ 44.06 | |
|
|
|
Institutional Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 44.05 | |
|
|
|
Class F: | $ 44.06 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements - continued
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 298,854,280 |
Interest |
| 13,404 |
Income from Fidelity Central Funds |
| 7,381,943 |
Total income |
| 306,249,627 |
|
|
|
Expenses | ||
Management fee | $ 6,141,448 | |
Transfer agent fees | 3,688,553 | |
Independent trustees' compensation | 87,852 | |
Miscellaneous | 34,265 | |
Total expenses before reductions | 9,952,118 | |
Expense reductions | (397,071) | 9,555,047 |
Net investment income (loss) | 296,694,580 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 52,234,181 | |
Foreign currency transactions | 1,127 | |
Futures contracts | 27,632,420 | |
Total net realized gain (loss) |
| 79,867,728 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 1,451,980,584 | |
Assets and liabilities in foreign currencies | (221) | |
Futures contracts | 220,387 | |
Total change in net unrealized appreciation (depreciation) |
| 1,452,200,750 |
Net gain (loss) | 1,532,068,478 | |
Net increase (decrease) in net assets resulting from operations | $ 1,828,763,058 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 296,694,580 | $ 209,840,887 |
Net realized gain (loss) | 79,867,728 | 578,441,424 |
Change in net unrealized appreciation (depreciation) | 1,452,200,750 | (263,122,528) |
Net increase (decrease) in net assets resulting from operations | 1,828,763,058 | 525,159,783 |
Distributions to shareholders from net investment income | (264,325,861) | (195,308,977) |
Share transactions - net increase (decrease) | 1,964,414,886 | (149,356,809) |
Redemption fees | 275,392 | 378,217 |
Total increase (decrease) in net assets | 3,529,127,475 | 180,872,214 |
|
|
|
Net Assets | ||
Beginning of period | 12,294,581,082 | 12,113,708,868 |
End of period (including undistributed net investment income of $46,240,356 and undistributed net investment income of $27,909,802, respectively) | $ 15,823,708,557 | $ 12,294,581,082 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .87 | .68 | .61 | .56 | .70 |
Net realized and unrealized gain (loss) | 4.40 | .96 | 7.03 | 10.96 | (16.70) |
Total from investment operations | 5.27 | 1.64 | 7.64 | 11.52 | (16.00) |
Distributions from net investment income | (.77) | (.65) | (.60) | (.57) | (.64) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.77) | (.65) | (.62) | (.58) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 |
Total Return A | 13.50% | 4.46% | 24.39% | 56.10% | (43.32)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 2.15% | 1.84% | 1.80% | 2.00% | 2.23% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 1,305,435 | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. CFees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share. I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .89 | .69 | .62 | .57 | .72 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.03 | 10.95 | (16.71) |
Total from investment operations | 5.28 | 1.66 | 7.65 | 11.52 | (15.99) |
Distributions from net investment income | (.78) | (.66) | (.61) | (.57) | (.65) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.78) | (.66) | (.63) | (.59) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 |
Total Return A | 13.53% | 4.51% | 24.43% | 56.07% | (43.28)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .07% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .07% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 2.18% | 1.87% | 1.83% | 2.03% | 2.26% |
Supplemental Data |
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|
|
|
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Net assets, end of period (000 omitted) | $ 10,262,592 | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share. I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .89 | .36 |
Net realized and unrealized gain (loss) | 4.40 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.55% | 16.49% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 2.19% | 2.03% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 876,155 | $ 693,534 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. |
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .90 | .36 |
Net realized and unrealized gain (loss) | 4.39 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.57% | 16.50% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .06% | .06% A |
Expenses net of fee waivers, if any | .05% L | .05% A, L |
Expenses net of all reductions | .05% L | .05% A, L |
Net investment income (loss) | 2.20% | 2.02% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 546,329 | $ 189,758 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. L Amount represents .045%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2013 | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
|
Net investment income (loss) D | .90 | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.02 | 1.67 |
Total from investment operations | 5.29 | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.79) | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | - | (.02) | (.02) |
Total distributions | (.79) | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 13.55% | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
|
Expenses before reductions | .05% L | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .05% L | .06% | .07% | .07% A |
Expenses net of all reductions | .05% L | .06% | .07% | .07% A |
Net investment income (loss) | 2.20% | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,833,198 | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 3% | 17% | 4% | 7% |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share. L Amount represents .046%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
1. Organization.
Spartan Total Market Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager. Investment income, realized and unrealized capital gains and losses, the common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions also differ by class.
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by FMR and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Annual Report
3. Significant Accounting Policies - continued
Investment Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, is included at the end of the Fund's Schedule of Investments.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 4,313,659,382 |
Gross unrealized depreciation | (1,277,823,266) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 3,035,836,116 |
|
|
Tax Cost | $ 14,167,098,005 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 46,416,105 |
Capital loss carryforward | $ (329,653,844) |
Net unrealized appreciation (depreciation) | $ 3,035,836,116 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
2017 | $ (82,640,415) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | $ (329,653,844) |
The tax character of distributions paid was as follows:
| February 28, 2013 | February 29, 2012 |
Ordinary Income | $ 264,325,861 | $ 195,308,977 |
Short-Term Trading (Redemption) Fees. Shares held by investors in the Fund less than 90 days are subject to a redemption fee equal to .50% of the net asset value of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Annual Report
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
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The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of activity for the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
During the period the Fund recognized net realized gain (loss) of $27,632,420 and a change in net unrealized appreciation (depreciation) of $220,387 related to its investment in futures contracts. These amounts are included in the Statement of Operations.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, aggregated $2,333,261,563 and $350,473,786, respectively.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
Annual Report
Notes to Financial Statements - continued
6. Fees and Other Transactions with Affiliates - continued
Management Fee and Expense Contract - continued
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.
Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Investor Class | $ 1,608,860 |
Fidelity Advantage Class | 1,808,389 |
Institutional Class | 198,032 |
Fidelity Advantage Institutional Class | 73,272 |
| $ 3,688,553 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $34,265 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, there were no borrowings on this line of credit.
8. Security Lending.
The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $7,094,866. During the period, there were no securities loaned to FCM.
Annual Report
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2014. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.
| Expense | Reimbursement |
Institutional Class | .06% / .05%* | $ 102,634 |
Fidelity Advantage Class | .06%* | 216,903 |
Fidelity Advantage Institutional Class | .045% | 77,053 |
|
| $ 396,590 |
* Expense limitation effective January 1, 2013.
Through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's management fee by $481.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 58,496,193 | $ 74,011,128 |
Fidelity Advantage Class | 134,301,377 | 90,014,851 |
Institutional Class | 15,312,994 | 6,818,791 |
Fidelity Advantage Institutional Class | 9,729,037 | 2,620,049 |
Class F | 46,486,260 | 21,844,158 |
Total | $ 264,325,861 | $ 195,308,977 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 18,000,373 | 37,550,760 | $ 734,600,452 | $ 1,388,868,676 |
Reinvestment of distributions | 1,376,779 | 2,008,028 | 55,808,530 | 71,680,307 |
Shares redeemed | (75,188,401) | (117,221,767) B | (3,168,012,059) | (4,390,559,721) B |
Net increase (decrease) | (55,811,249) | (77,662,979) | $ (2,377,603,077) | $ (2,930,010,738) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 97,957,582 | 52,795,658 | $ 4,121,057,430 | $ 2,007,116,846 |
Reinvestment of distributions | 2,934,640 | 2,192,081 | 119,002,705 | 77,894,521 |
Shares redeemed | (33,199,050) | (21,435,179) | (1,350,946,307) | (789,876,393) |
Net increase (decrease) | 67,693,172 | 33,552,560 | $ 2,889,113,828 | $ 1,295,134,974 |
Institutional Class |
|
|
|
|
Shares sold | 8,433,106 | 17,993,180 | $ 338,510,978 | $ 649,476,736 |
Reinvestment of distributions | 377,853 | 194,656 | 15,312,994 | 6,818,791 |
Shares redeemed | (6,455,224) | (654,011) | (253,857,664) | (24,602,098) |
Net increase (decrease) | 2,355,735 | 17,533,825 | $ 99,966,308 | $ 631,693,429 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 10,372,973 | 4,871,455 | $ 406,066,075 | $ 179,033,674 |
Reinvestment of distributions | 239,832 | 74,794 | 9,729,037 | 2,620,049 |
Shares redeemed | (3,007,383) | (148,799) | (124,740,192) | (5,550,895) |
Net increase (decrease) | 7,605,422 | 4,797,450 | $ 291,054,920 | $ 176,102,828 |
Annual Report
Notes to Financial Statements - continued
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Class F |
|
|
|
|
Shares sold | 31,085,123 | 22,439,089 | $ 1,254,633,446 | $ 826,126,384 |
Reinvestment of distributions | 1,145,187 | 617,949 | 46,486,260 | 21,844,158 |
Shares redeemed | (5,709,687) | (4,602,865) | (239,236,799) | (170,247,844) |
Net increase (decrease) | 26,520,623 | 18,454,173 | $ 1,061,882,907 | $ 677,722,698 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions.
12. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index Fund:
In our opinion, the accompanying statement of assets and liabilities, including the schedule of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund (a fund of Fidelity Concord Street Trust) at February 28, 2013, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Spartan Total Market Index Fund's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 19, 2013
Annual Report
Trustees and Officers
The Trustees, Members of the Advisory Board, and executive officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for James C. Curvey, each of the Trustees oversees 234 Fidelity funds. Mr. Curvey oversees 453 Fidelity funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person of the trust and the fund (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers and Advisory Board Members hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Experience, Skills, Attributes, and Qualifications of the Fund's Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.
Board Structure and Oversight Function. James C. Curvey is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's equity and high income funds and another Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds. The asset allocation funds may invest in Fidelity funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
Annual Report
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-835-5092.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (1935) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (1957) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (1948) | |
| Year of Election or Appointment: 2005 Prior to his retirement in May 2003, Mr. Dirks was Chief Operating Officer and a member of the Board of The Depository Trust & Clearing Corporation (DTCC). He also served as President, Chief Operating Officer, and Board member of The Depository Trust Company (DTC) and President and Board member of the National Securities Clearing Corporation (NSCC). In addition, Mr. Dirks served as Chief Executive Officer and Board member of the Government Securities Clearing Corporation, Chief Executive Officer and Board member of the Mortgage-Backed Securities Clearing Corporation, as a Trustee and a member of the Finance Committee of Manhattan College (2005-2008), and as a Trustee and a member of the Finance Committee of AHRC of Nassau County (2006-2008). Mr. Dirks is a member of the Independent Directors Council (IDC) Governing Council (2010-present) and Board of Directors for The Brookville Center for Children's Services, Inc. (2009-present). |
Alan J. Lacy (1953) | |
| Year of Election or Appointment: 2008 Mr. Lacy serves as Senior Adviser (2007-present) of Oak Hill Capital Partners, L.P. (private equity). Mr. Lacy also served as Chief Executive Officer (2000-2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation and Sears, Roebuck and Co. (retail). In addition, Mr. Lacy serves as a member of the Board of Directors of Dave & Buster's Entertainment, Inc. (restaurant and entertainment complexes, 2010-present), Earth Fare, Inc. (retail grocery, 2012-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), and Bristol-Myers Squibb Company (global pharmaceuticals, 2008-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (1944) | |
| Year of Election or Appointment: 2000 Mr. Lautenbach is Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Lautenbach currently serves as the Lead Director of the Eaton Corporation Board of Directors (diversified industrial, 1997-present). Mr. Lautenbach is Chairman of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (2012-present) and a member of the Council on Foreign Relations (1994-present). Previously, Mr. Lautenbach was a Partner/Advisory Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010), as well as a Director of Sony Corporation (2006-2007). |
Joseph Mauriello (1944) | |
| Year of Election or Appointment: 2008 Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Board of Directors of XL Group plc. (global insurance and re-insurance, 2006-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007) and of Arcadia Resources Inc. (health care services and products, 2007-2012). |
Robert W. Selander (1950) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (1944) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors (2009-present) and Chair of the Investment Committee (2010-present) of the Teagle Foundation. Ms. Small also serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson (2002-2008) and a member of the Investment Committee and Chairperson (2008-2012) and a member of the Board of Trustees of Smith College. In addition, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments, and a member of the Board of Directors of Scudder, Stevens & Clark and Scudder Kemper Investments. |
William S. Stavropoulos (1939) | |
| Year of Election or Appointment: 2001 Mr. Stavropoulos is Vice Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Stavropoulos serves as President and Founder of the Michigan Baseball Foundation, the Great Lakes Loons (2007-present). Mr. Stavropoulos is Chairman Emeritus of the Board of Directors of The Dow Chemical Company, where he previously served in numerous senior management positions, including President, CEO (1995-2000; 2002-2004), Chairman of the Executive Committee (2000-2006), and as a member of the Board of Directors (1990-2006). Currently, Mr. Stavropoulos is a Director of Univar Inc. (global distributor of commodity and specialty chemicals, Chairman from 2010-May 2012 and Lead Director from May 2012-present), Teradata Corporation (data warehousing and technology solutions, 2008-present), Maersk Inc. (industrial conglomerate), and Tyco International, Ltd. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital LLC (private equity investment, 2005-present). Mr. Stavropoulos is an operating advisor to Clayton, Dubilier & Rice, LLC (private equity investment). In addition, Mr. Stavropoulos is a member of the University of Notre Dame Advisory Council for the College of Science, a Trustee of the Rollin L. Gerstacker Foundation, and a Director of the Naples Philharmonic Center for the Arts. Previously, Mr. Stavropoulos served as a Director of Chemical Financial Corporation (bank holding company, 1993-2012). |
David M. Thomas (1949) | |
| Year of Election or Appointment: 2008 Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions), and a Director of Fortune Brands, Inc. (consumer products, 2000-2011). In addition, Mr. Thomas serves as Non-Executive Chairman of the Board of Directors of Fortune Brands Home and Security (home and security products, 2011-present), and as a member of the Board of Directors of Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (1950) | |
| Year of Election or Appointment: 2008 Mr. Wiley also serves as a Director of Asia Pacific Exploration Consolidated (international oil and gas exploration and production, 2008-present). Mr. Wiley serves as a Director of Tesoro Corporation (independent oil refiner and marketer, 2005-present), and a Director of Bill Barrett Corporation (exploration and production, 2005-present). In addition, Mr. Wiley also serves as a Director of Post Oak Bank (privately-held bank, 2004-present). Previously, Mr. Wiley served as a member of the Board of Trustees of the University of Tulsa (2000-2006; 2007-2010), as a Senior Energy Advisor of Katzenbach Partners, LLC (consulting, 2006-2007), as an Advisory Director of Riverstone Holdings (private investment), Chairman, President, and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004), and as Director of Spinnaker Exploration Company (exploration and production, 2001-2005). |
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Advisory Board Members and Executive Officers:
Correspondence intended for David A. Rosow and Garnett A. Smith may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each executive officer and Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupation | |
Peter S. Lynch (1944) | |
| Year of Election or Appointment: 2003 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Lynch is Vice Chairman and a Director of FMR and FMR Co., Inc. In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served on the Special Olympics International Board of Directors (1997-2006). |
David A. Rosow (1942) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Chairman and Chief Executive Officer of International Golf Group, Inc. (golf course development, 1989-present). Previously, Mr. Rosow served as Chairman and Chief Executive Officer of Rosow & Company, Inc. (private investment company, 1989-2011), a Lead Director of Hudson United Bancorp (2001-2006) and as a Director of TD Banknorth (1996-2006). In addition, Mr. Rosow is a member (2008-present) and President (2009-present) of the Town Council of Palm Beach, Florida. |
Garnett A. Smith (1947) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Prior to Mr. Smith's retirement, he served as Chairman and Chief Executive Officer of Inbrand Corp. (manufacturer of personal absorbent products, 1990-1997). He also served as President (1986-1990) of Inbrand Corp. Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank. In addition, Mr. Smith is a board member of the Jackson Hole Land Trust (2009-present). |
Kenneth B. Robins (1969) | |
| Year of Election or Appointment: 2008 President and Treasurer of Fidelity's Equity and High Income Funds. Mr. Robins also serves as President and Treasurer (2010-present) and Assistant Treasurer (2009-present) of other Fidelity funds and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Deputy Treasurer of the Fidelity funds (2005-2008) and Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2006-2008). |
Bruce T. Herring (1965) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present), Group Chief Investment Officer of FMR, and President of Fidelity Research & Analysis Company (2010-present). Previously, Mr. Herring served as Vice President (2005-2006) and Senior Vice President (2006-2007) of Fidelity Management & Research Company, Vice President of FMR Co., Inc. (2001-2007) and as a portfolio manager for Fidelity U.S. Equity Funds. |
Brian B. Hogan (1964) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (1968) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (1969) | |
| Year of Election or Appointment: 2009 Assistant Secretary of Fidelity's Equity and High Income Funds. Mr. Coffey also serves as Senior Vice President and Deputy General Counsel of FMR LLC (2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Vice President and Associate General Counsel of FMR LLC (2005-2009). |
Elizabeth Paige Baumann (1968) | |
| Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Baumann also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2012-present), Chief AML Officer of FMR LLC (2012-present), and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012). |
Christine Reynolds (1958) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (1968) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Compliance Officer of FMR, FMR Co., Inc., Fidelity Investments Money Management, Inc. (FIMM), Fidelity Research and Analysis Company (FRAC), Fidelity Management & Research (Japan) Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research (Hong Kong), and Strategic Advisers, Inc. (2009-present), as Senior Vice President of the Fidelity Asset Management Division (2009-present), and is an employee of Fidelity Investments. |
Joseph F. Zambello (1957) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (1967) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephen Sadoski (1971) | |
| Year of Election or Appointment: 2012 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Sadoski also serves as Deputy Treasurer of other Fidelity funds (2013-present) and is an employee of Fidelity Investments (2012-present). Previously, Mr. Sadoski served as Assistant Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2012-2013), an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche (1997-2009). |
Stacie Smith (1974) | |
| Year of Election or Appointment: 2013 Deputy Treasurer of Fidelity's Equity and High Income Funds. Ms. Smith is an employee of Fidelity Investments (2009-present). Previously, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009). |
Stephanie J. Dorsey (1969) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as President and Treasurer (2013-present) and Assistant Treasurer (2012-present) of other Fidelity funds and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Deputy Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013), Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (1958) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Mr. Hebble served as President and Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013). |
Gary W. Ryan (1958) | |
| Year of Election or Appointment: 2005 Assistant Treasurer of the Fidelity funds. Mr. Ryan is an employee of Fidelity Investments. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005). |
Jonathan Davis (1968) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
Class F designates 99% and 95%, of the dividends distributed in April and December, respectively, during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.
Class F designates 100% and 98% of the dividends distributed in April and December, respectively, during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
The fund will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Smithfield, RI
Transfer and Service Agents
Fidelity Investments Institutional
Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
245 Summer St., Boston, MA 02210
www.fidelity.com
STI-F-ANN-0413 1.899048.103
Spartan® Total Market Index
Spartan Extended Market Index
Spartan International Index
Funds -
Institutional Class
Fidelity Advantage® Institutional Class
Annual Report
(Fidelity Cover Art)
February 28, 2013
Contents
Spartan® Total Market Index Fund | Shareholder Expense Example | |
| Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| Notes to the Financial Statements | |
| ||
Shareholder Expense Example | An example of shareholder expenses | |
| ||
Spartan Extended Market Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Spartan International Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Notes | Notes to the Financial Statements | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2013 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the funds nor Fidelity Distributors Corporation is a bank.
Annual Report
Spartan Total Market Index Fund
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| Annualized | Beginning | Ending | Expenses Paid |
Investor Class | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,097.70 | $ .52 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .36 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .31 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .23 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.60 | $ .23 |
Class F | .046% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .24 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.55 | $ .23 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Annual Report
Spartan® Total Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan® Total Market Index Fund - Institutional ClassA | 13.55% | 5.50% | 9.06% |
Spartan Total Market Index Fund - Fidelity Advantage® Institutional ClassB | 13.57% | 5.50% | 9.06% |
A The initial offering of Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
B The initial offering of Fidelity Advantage® Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan Total Market Index Fund - Institutional Class on on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period. The initial offering of Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Institutional Class.
Annual Report
Spartan Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year, the fund's Institutional Class and Fidelity Advantage® Institutional Class shares gained 13.55% and 13.57%, respectively, in line with the 13.56% advance of the fund's benchmark, the Dow Jones U.S. Total Stock Market IndexSM. All 10 market sectors in the index generated positive performance, with only three groups - information technology, energy and materials - producing a single-digit gain. Leading the rest were telecommunication services, health care and financials, which returned about 23%, 22% and 22%, respectively. The fund's top individual contributor in absolute terms was Pfizer, a pharmaceutical firm whose shares were up about 35% for the 12-month period. Industrial conglomerate General Electric added value, as did Internet search leader Google. In the financials sector, Berkshire Hathaway, the insurance-focused conglomerate run by billionaire investor Warren Buffett, also did well, as did global financial services institution JPMorgan Chase and telecommunication services provider AT&T, whose shares rose about 24%. The biggest absolute detractor by far was Apple, the personal electronics and computer manufacturer, whose shares returned about -17%, with the negative impact magnified by the stock's large weighting in both the index and fund. Several other notable technology stocks held back results, including microprocessor company Intel and software manufacturer Microsoft. In the energy sector, Apache and Occidental Petroleum saw its shares drop by roughly 31% and 19%, respectively, while Caterpillar, a manufacturer of construction equipment and other heavy machinery, hampered results as well.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan Total Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 2.5 | 4.0 |
Exxon Mobil Corp. | 2.4 | 2.6 |
General Electric Co. | 1.5 | 1.4 |
Chevron Corp. | 1.4 | 1.4 |
IBM Corp. | 1.3 | 1.4 |
Google, Inc. Class A | 1.3 | 1.1 |
Johnson & Johnson | 1.3 | 1.2 |
Microsoft Corp. | 1.3 | 1.5 |
Procter & Gamble Co. | 1.2 | 1.2 |
AT&T, Inc. | 1.2 | 1.4 |
| 15.4 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Information Technology | 17.4 | 19.3 |
Financials | 17.0 | 15.7 |
Consumer Discretionary | 12.0 | 11.9 |
Health Care | 11.8 | 11.6 |
Industrials | 11.1 | 10.5 |
Energy | 10.2 | 10.1 |
Consumer Staples | 9.3 | 9.6 |
Materials | 3.8 | 3.8 |
Utilities | 3.5 | 3.5 |
Telecommunication Services | 2.6 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 12.0% | |||
Auto Components - 0.4% | |||
Allison Transmission Holdings, Inc. | 27,992 | $ 646,615 | |
American Axle & Manufacturing Holdings, Inc. (a)(d) | 58,540 | 740,531 | |
BorgWarner, Inc. (a)(d) | 106,804 | 7,947,286 | |
Cooper Tire & Rubber Co. | 54,354 | 1,374,069 | |
Dana Holding Corp. (d) | 143,074 | 2,393,628 | |
Dorman Products, Inc. (d) | 25,196 | 880,852 | |
Drew Industries, Inc. | 16,139 | 587,137 | |
Exide Technologies (a) | 55,732 | 149,362 | |
Federal-Mogul Corp. Class A (a)(d) | 43,356 | 350,316 | |
Fuel Systems Solutions, Inc. (a) | 13,525 | 187,862 | |
Gentex Corp. (d) | 141,938 | 2,661,338 | |
Gentherm, Inc. (a)(d) | 22,586 | 347,824 | |
Johnson Controls, Inc. | 645,200 | 20,304,444 | |
Lear Corp. | 91,325 | 4,878,582 | |
Modine Manufacturing Co. (a) | 32,309 | 266,226 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 41,725 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 46,888 | 32,353 | |
Spartan Motors, Inc. | 44,931 | 237,685 | |
Standard Motor Products, Inc. | 17,952 | 443,953 | |
Stoneridge, Inc. (a) | 17,302 | 111,598 | |
Strattec Security Corp. | 672 | 19,118 | |
Superior Industries International, Inc. | 24,943 | 542,510 | |
Tenneco, Inc. (a) | 52,551 | 1,861,882 | |
The Goodyear Tire & Rubber Co. (a) | 217,777 | 2,826,745 | |
Tower International, Inc. (a) | 4,070 | 49,003 | |
TRW Automotive Holdings Corp. (a) | 95,106 | 5,581,771 | |
UQM Technologies, Inc. (a)(d) | 38,648 | 28,986 | |
Visteon Corp. (a) | 49,291 | 2,872,679 | |
| 58,366,080 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,560,625 | 44,899,481 | |
General Motors Co. (a)(d) | 721,012 | 19,575,476 | |
Harley-Davidson, Inc. | 211,628 | 11,137,982 | |
Tesla Motors, Inc. (a)(d) | 70,970 | 2,471,885 | |
Thor Industries, Inc. (d) | 39,293 | 1,477,024 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 443,162 | |
| 80,005,010 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 8,027 | 384,654 | |
Genuine Parts Co. | 144,858 | 10,289,264 | |
LKQ Corp. (a) | 282,518 | 5,986,556 | |
Pool Corp. (d) | 41,433 | 1,894,317 | |
VOXX International Corp. (a) | 18,073 | 179,826 | |
Weyco Group, Inc. | 1,992 | 45,936 | |
| 18,780,553 | ||
Diversified Consumer Services - 0.2% | |||
American Public Education, Inc. (a)(d) | 16,975 | 661,686 | |
| |||
Shares | Value | ||
Apollo Group, Inc. Class A (non-vtg.) (a)(d) | 111,836 | $ 1,886,673 | |
Ascent Capital Group, Inc. (a) | 16,905 | 1,159,514 | |
Bridgepoint Education, Inc. (a) | 11,294 | 115,312 | |
Bright Horizons Family Solutions, Inc. (d) | 9,900 | 276,804 | |
Capella Education Co. (a)(d) | 13,812 | 437,288 | |
Career Education Corp. (a) | 44,821 | 143,427 | |
Carriage Services, Inc. | 4,102 | 74,656 | |
Coinstar, Inc. (a)(d) | 24,683 | 1,263,523 | |
Collectors Universe, Inc. (d) | 4,772 | 52,826 | |
Corinthian Colleges, Inc. (a) | 84,173 | 179,288 | |
DeVry, Inc. (d) | 60,163 | 1,803,687 | |
Education Management Corp. (a)(d) | 26,671 | 94,949 | |
Grand Canyon Education, Inc. (a)(d) | 30,849 | 738,834 | |
H&R Block, Inc. (d) | 269,674 | 6,704,096 | |
Hillenbrand, Inc. | 60,464 | 1,492,856 | |
ITT Educational Services, Inc. (a)(d) | 22,063 | 304,028 | |
K12, Inc. (a)(d) | 35,687 | 744,074 | |
Learning Tree International, Inc. (a) | 3,285 | 12,450 | |
LifeLock, Inc. (d) | 15,276 | 177,965 | |
Lincoln Educational Services Corp. (d) | 15,671 | 98,884 | |
Mac-Gray Corp. | 7,087 | 88,021 | |
Matthews International Corp. Class A | 31,601 | 1,042,833 | |
National American University Holdings, Inc. | 5,378 | 20,920 | |
Regis Corp. | 37,626 | 678,021 | |
Service Corp. International | 236,136 | 3,669,553 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,268,645 | |
Steiner Leisure Ltd. (a) | 10,649 | 502,100 | |
Stewart Enterprises, Inc. Class A (d) | 55,722 | 471,965 | |
Strayer Education, Inc. (d) | 14,558 | 714,652 | |
Universal Technical Institute, Inc. | 29,419 | 343,026 | |
Weight Watchers International, Inc. (d) | 21,193 | 907,908 | |
| 29,130,464 | ||
Hotels, Restaurants & Leisure - 2.0% | |||
AFC Enterprises, Inc. (a) | 18,286 | 548,580 | |
Ambassadors Group, Inc. | 24,177 | 108,797 | |
Ameristar Casinos, Inc. | 27,501 | 720,526 | |
Bally Technologies, Inc. (a)(d) | 46,562 | 2,223,336 | |
Biglari Holdings, Inc. (a) | 607 | 227,249 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 669,559 | |
Bloomin' Brands, Inc. (d) | 25,018 | 430,560 | |
Bluegreen Corp. (a) | 6,427 | 62,728 | |
Bob Evans Farms, Inc. | 27,901 | 1,135,571 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 327,094 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 187,761 | |
Brinker International, Inc. | 62,217 | 2,076,803 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,087,102 | |
Burger King Worldwide, Inc. | 82,686 | 1,509,020 | |
Caesars Entertainment Corp. (d) | 22,500 | 281,250 | |
Carnival Corp. unit | 412,990 | 14,772,652 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 33,947 | |
CEC Entertainment, Inc. | 20,553 | 621,728 | |
Chipotle Mexican Grill, Inc. (a)(d) | 29,079 | 9,211,936 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Choice Hotels International, Inc. (d) | 44,031 | $ 1,674,499 | |
Churchill Downs, Inc. | 10,397 | 685,994 | |
Chuys Holdings, Inc. (d) | 5,695 | 162,364 | |
Cosi, Inc. (a)(d) | 46,943 | 40,840 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,400,283 | |
Darden Restaurants, Inc. (d) | 117,392 | 5,431,728 | |
Del Frisco's Restaurant Group, Inc. (a)(d) | 5,543 | 97,501 | |
Denny's Corp. (a) | 71,197 | 402,975 | |
DineEquity, Inc. | 12,829 | 896,619 | |
Domino's Pizza, Inc. (d) | 66,862 | 3,183,968 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,514 | |
Dover Motorsports, Inc. | 9,993 | 16,988 | |
Dunkin' Brands Group, Inc. (d) | 91,395 | 3,395,324 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 51,032 | |
Empire Resorts, Inc. (a) | 4,429 | 8,902 | |
Entertainment Gaming Asia, Inc. (a) | 8,246 | 16,162 | |
Famous Dave's of America, Inc. (a) | 2,311 | 22,740 | |
Fiesta Restaurant Group, Inc. (a) | 11,401 | 257,663 | |
Frisch's Restaurants, Inc. | 500 | 9,510 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,130,722 | |
Ignite Restaurant Group, Inc. (a) | 4,841 | 67,968 | |
International Game Technology | 268,403 | 4,278,344 | |
International Speedway Corp. Class A (d) | 20,854 | 628,540 | |
Interval Leisure Group, Inc. | 29,497 | 615,602 | |
Isle of Capri Casinos, Inc. (a) | 20,657 | 136,956 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,334,121 | |
Jamba, Inc. (a)(d) | 95,683 | 267,912 | |
Kona Grill, Inc. (a) | 4,029 | 34,247 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 61,696 | 814,387 | |
Lakes Entertainment, Inc. (a) | 2,872 | 8,673 | |
Las Vegas Sands Corp. | 337,364 | 17,370,872 | |
Life Time Fitness, Inc. (a)(d) | 34,454 | 1,451,892 | |
Luby's, Inc. (a) | 14,614 | 118,958 | |
Marcus Corp. | 22,859 | 279,108 | |
Marriott International, Inc. Class A | 251,677 | 9,928,658 | |
Marriott Vacations Worldwide Corp. (a) | 23,385 | 964,865 | |
McDonald's Corp. | 936,159 | 89,777,648 | |
MGM Mirage, Inc. (a) | 344,041 | 4,297,072 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 48,308 | |
Morgans Hotel Group Co. (a)(d) | 27,678 | 135,899 | |
MTR Gaming Group, Inc. (a) | 11,304 | 43,520 | |
Multimedia Games Holding Co., Inc. (a) | 20,726 | 387,576 | |
Norwegian Cruise Line Holdings Ltd. | 22,900 | 709,442 | |
Orient Express Hotels Ltd. Class A (a) | 89,796 | 927,593 | |
Panera Bread Co. Class A (a)(d) | 26,570 | 4,276,442 | |
Papa John's International, Inc. (a) | 19,260 | 1,001,713 | |
Penn National Gaming, Inc. (a)(d) | 61,522 | 3,066,872 | |
Pinnacle Entertainment, Inc. (a)(d) | 61,922 | 866,908 | |
Premier Exhibitions, Inc. (a) | 7,733 | 17,786 | |
| |||
Shares | Value | ||
Red Lion Hotels Corp. (a) | 3,129 | $ 22,560 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 906,440 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 48,728 | |
Royal Caribbean Cruises Ltd. | 140,250 | 4,890,518 | |
Ruby Tuesday, Inc. (a) | 44,363 | 325,624 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 307,279 | |
Scientific Games Corp. Class A (a) | 45,645 | 410,805 | |
SHFL Entertainment, Inc. (a) | 42,130 | 668,182 | |
Six Flags Entertainment Corp. (d) | 50,207 | 3,354,330 | |
Sonic Corp. (a)(d) | 98,965 | 1,117,315 | |
Speedway Motorsports, Inc. | 7,569 | 123,072 | |
Starbucks Corp. | 694,872 | 38,092,883 | |
Starwood Hotels & Resorts Worldwide, Inc. | 178,617 | 10,775,964 | |
Texas Roadhouse, Inc. Class A | 57,171 | 1,105,687 | |
The Cheesecake Factory, Inc. | 39,940 | 1,383,522 | |
Town Sports International Holdings, Inc. | 13,107 | 121,502 | |
Vail Resorts, Inc. (d) | 30,368 | 1,677,528 | |
Wendy's Co. | 250,660 | 1,426,255 | |
WMS Industries, Inc. (a) | 45,733 | 1,145,154 | |
Wyndham Worldwide Corp. | 137,748 | 8,297,940 | |
Wynn Resorts Ltd. | 72,102 | 8,428,724 | |
Yum! Brands, Inc. | 422,304 | 27,652,466 | |
| 312,265,887 | ||
Household Durables - 0.5% | |||
American Greetings Corp. Class A (d) | 30,155 | 488,511 | |
Bassett Furniture Industries, Inc. | 1,947 | 28,329 | |
Beazer Homes USA, Inc. (a)(d) | 22,468 | 349,827 | |
Blyth, Inc. (d) | 16,038 | 229,183 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,664 | |
Cobra Electronics Corp. (a) | 1,032 | 3,468 | |
CSS Industries, Inc. | 16,118 | 386,993 | |
D.R. Horton, Inc. (d) | 256,142 | 5,711,967 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 39,145 | |
Ethan Allen Interiors, Inc. (d) | 19,507 | 545,026 | |
Flexsteel Industries, Inc. | 2,547 | 58,581 | |
Furniture Brands International, Inc. (a)(d) | 57,083 | 51,946 | |
Garmin Ltd. | 105,419 | 3,620,088 | |
Harman International Industries, Inc. | 71,938 | 3,053,768 | |
Helen of Troy Ltd. (a) | 30,506 | 1,131,162 | |
Hooker Furniture Corp. (d) | 13,495 | 202,560 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 177,163 | 1,036,404 | |
iRobot Corp. (a) | 21,633 | 463,812 | |
Jarden Corp. (d) | 66,002 | 4,099,384 | |
KB Home (d) | 64,653 | 1,208,365 | |
Kid Brands, Inc. (a) | 16,651 | 25,643 | |
Koss Corp. | 2,669 | 13,212 | |
La-Z-Boy, Inc. | 54,902 | 1,005,805 | |
Leggett & Platt, Inc. (d) | 123,614 | 3,780,116 | |
Lennar Corp. Class A (d) | 143,081 | 5,521,496 | |
Libbey, Inc. (a)(d) | 16,641 | 305,362 | |
Lifetime Brands, Inc. | 2,385 | 25,925 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
M.D.C. Holdings, Inc. (d) | 26,306 | $ 1,010,940 | |
M/I Homes, Inc. (a)(d) | 24,871 | 569,546 | |
Meritage Homes Corp. (a)(d) | 46,552 | 1,884,890 | |
Mohawk Industries, Inc. (a) | 51,902 | 5,502,650 | |
NACCO Industries, Inc. Class A | 6,219 | 361,262 | |
Newell Rubbermaid, Inc. | 259,791 | 6,063,522 | |
NVR, Inc. (a) | 4,152 | 4,190,198 | |
PulteGroup, Inc. (a) | 312,266 | 5,989,262 | |
Ryland Group, Inc. (d) | 35,461 | 1,266,667 | |
Sealy Corp., Inc. (a)(d) | 70,121 | 152,864 | |
Skullcandy, Inc. (a)(d) | 12,653 | 77,183 | |
Skyline Corp. (a) | 21,741 | 99,791 | |
Standard Pacific Corp. (a) | 98,412 | 801,074 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 26,443 | |
Tempur-Pedic International, Inc. (a)(d) | 59,637 | 2,449,292 | |
Toll Brothers, Inc. (a)(d) | 127,535 | 4,351,494 | |
TRI Pointe Homes, Inc. (d) | 13,100 | 241,040 | |
Tupperware Brands Corp. | 50,496 | 3,950,302 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,047 | |
Whirlpool Corp. | 72,373 | 8,174,530 | |
Zagg, Inc. (a)(d) | 21,268 | 155,894 | |
| 81,440,375 | ||
Internet & Catalog Retail - 1.0% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 104,086 | |
Amazon.com, Inc. (a) | 338,066 | 89,340,702 | |
Blue Nile, Inc. (a)(d) | 11,337 | 384,664 | |
dELiA*s, Inc. (a) | 2,977 | 3,066 | |
Expedia, Inc. | 85,724 | 5,472,620 | |
Gaiam, Inc. Class A (a)(d) | 12,609 | 45,897 | |
Geeknet, Inc. (a) | 2,810 | 44,988 | |
Groupon, Inc. Class A (a) | 268,227 | 1,215,068 | |
Hollywood Media Corp. (a) | 1,032 | 1,373 | |
HomeAway, Inc. (a) | 35,174 | 1,037,633 | |
HSN, Inc. | 33,708 | 1,803,378 | |
Kayak Software Corp. (d) | 3,291 | 131,212 | |
Liberty Media Corp.: | |||
Interactive Series A (a) | 531,914 | 11,106,364 | |
Series A (a) | 25,697 | 1,855,323 | |
Netflix, Inc. (a) | 51,856 | 9,753,076 | |
NutriSystem, Inc. (d) | 26,922 | 221,568 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 133,278 | |
Overstock.com, Inc. (a)(d) | 14,467 | 168,107 | |
PetMed Express, Inc. | 32,292 | 408,494 | |
priceline.com, Inc. (a) | 46,413 | 31,912,651 | |
Shutterfly, Inc. (a)(d) | 25,110 | 1,086,761 | |
TripAdvisor, Inc. (a) | 101,113 | 4,596,597 | |
U.S. Auto Parts Network, Inc. (a)(d) | 5,048 | 6,613 | |
ValueVision Media, Inc. Class A (a)(d) | 18,644 | 48,847 | |
Vitacost.com, Inc. (a)(d) | 15,384 | 113,688 | |
| 160,996,054 | ||
| |||
Shares | Value | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a)(d) | 18,718 | $ 680,025 | |
Black Diamond, Inc. (a)(d) | 20,004 | 159,632 | |
Brunswick Corp. (d) | 80,071 | 2,917,787 | |
Callaway Golf Co. | 77,147 | 518,428 | |
Hasbro, Inc. (d) | 104,633 | 4,187,413 | |
JAKKS Pacific, Inc. (d) | 19,661 | 239,471 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 80,194 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 33,741 | 289,160 | |
Marine Products Corp. | 11,741 | 78,900 | |
Mattel, Inc. | 313,552 | 12,777,244 | |
Meade Instruments Corp. (a) | 112 | 179 | |
Nautilus, Inc. (a) | 5,159 | 29,509 | |
Polaris Industries, Inc. | 59,267 | 5,178,158 | |
Smith & Wesson Holding Corp. (a)(d) | 80,794 | 771,583 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 103,765 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,333,412 | |
Summer Infant, Inc. (a) | 32,605 | 66,188 | |
| 29,411,048 | ||
Media - 3.3% | |||
A.H. Belo Corp. Class A | 22,177 | 111,550 | |
AMC Networks, Inc. Class A (a) | 52,862 | 3,034,279 | |
Arbitron, Inc. | 37,846 | 1,772,707 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 64,850 | |
Belo Corp. Series A (d) | 87,121 | 752,725 | |
Cablevision Systems Corp. - NY Group Class A | 252,827 | 3,537,050 | |
Carmike Cinemas, Inc. (a) | 21,753 | 340,652 | |
CBS Corp. Class B | 552,084 | 23,954,925 | |
Central European Media Enterprises Ltd. Class A (a)(d) | 17,504 | 91,546 | |
Charter Communications, Inc. Class A (a)(d) | 40,337 | 3,484,713 | |
Cinemark Holdings, Inc. | 88,767 | 2,467,723 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 312,596 | |
Comcast Corp. Class A | 2,481,691 | 98,746,485 | |
Crown Media Holdings, Inc. Class A (a) | 24,979 | 47,960 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 224,947 | |
Dex One Corp. (a) | 62,269 | 110,839 | |
Digital Cinema Destinations Co. | 1,935 | 11,571 | |
Digital Generation, Inc. (a)(d) | 26,444 | 204,941 | |
DIRECTV (a) | 572,344 | 27,569,810 | |
Discovery Communications, Inc. (a)(d) | 222,440 | 16,311,525 | |
DISH Network Corp. Class A | 211,095 | 7,346,106 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 70,761 | 1,174,633 | |
E.W. Scripps Co. Class A (a) | 24,274 | 262,402 | |
Emmis Communications Corp. Class A (a) | 7,973 | 12,837 | |
Entercom Communications Corp. Class A (a)(d) | 21,235 | 159,475 | |
Entravision Communication Corp. Class A | 63,982 | 127,964 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
FAB Universal Corp. (a)(d) | 3,212 | $ 11,242 | |
Fisher Communications, Inc. | 2,670 | 98,176 | |
Gannett Co., Inc. | 200,317 | 4,020,362 | |
Gray Television, Inc. (a) | 29,764 | 124,116 | |
Harris Interactive, Inc. (a) | 5,389 | 8,892 | |
Harte-Hanks, Inc. | 45,482 | 330,654 | |
Insignia Systems, Inc. (a) | 5,038 | 9,723 | |
Interpublic Group of Companies, Inc. | 397,857 | 5,084,612 | |
John Wiley & Sons, Inc. Class A (d) | 46,973 | 1,718,272 | |
Journal Communications, Inc. Class A (a) | 23,068 | 126,182 | |
Lamar Advertising Co. Class A (a) | 69,336 | 3,206,097 | |
Liberty Global, Inc. Class A (a)(d) | 233,612 | 16,093,531 | |
Liberty Media Corp. Class A (a) | 105,746 | 11,420,568 | |
LIN TV Corp. Class A (a)(d) | 36,007 | 409,400 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,424,514 | |
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 39,255 | 100,885 | |
Media General, Inc. Class A (a)(d) | 21,745 | 106,333 | |
Meredith Corp. (d) | 34,788 | 1,461,792 | |
Morningstar, Inc. | 26,885 | 1,843,773 | |
National CineMedia, Inc. | 40,280 | 614,270 | |
Navarre Corp. (a) | 5,954 | 11,968 | |
News Corp. Class A | 1,885,020 | 54,288,576 | |
Nexstar Broadcasting Group, Inc. Class A | 20,803 | 309,133 | |
Omnicom Group, Inc. | 246,402 | 14,175,507 | |
Outdoor Channel Holdings, Inc. | 3,578 | 26,728 | |
Pandora Media, Inc. (a)(d) | 80,080 | 976,976 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 46,564 | |
ReachLocal, Inc. (a)(d) | 5,194 | 65,081 | |
Regal Entertainment Group Class A (d) | 55,158 | 864,326 | |
Rentrak Corp. (a) | 4,521 | 94,489 | |
RLJ Entertainment, Inc. (a) | 17,180 | 67,861 | |
Saga Communications, Inc. Class A | 268 | 11,765 | |
Salem Communications Corp. Class A | 1,732 | 10,877 | |
Scholastic Corp. (d) | 25,364 | 763,456 | |
Scripps Networks Interactive, Inc. Class A | 83,052 | 5,236,429 | |
Shutterstock, Inc. (d) | 4,521 | 147,385 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 526,831 | |
Sirius XM Radio, Inc. (d) | 3,023,868 | 9,373,991 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 1,752 | |
Starz - Liberty Capital Series A (a)(d) | 101,960 | 1,892,378 | |
SuperMedia, Inc. (a)(d) | 19,383 | 78,307 | |
The Madison Square Garden Co. Class A (a) | 53,298 | 2,980,424 | |
The McClatchy Co. Class A (a)(d) | 49,260 | 128,076 | |
The New York Times Co. Class A (a)(d) | 109,097 | 1,054,968 | |
The Walt Disney Co. | 1,655,258 | 90,360,534 | |
Time Warner Cable, Inc. | 281,817 | 24,346,171 | |
Time Warner, Inc. | 883,690 | 46,985,797 | |
Valassis Communications, Inc. (d) | 33,863 | 930,894 | |
| |||
Shares | Value | ||
Viacom, Inc. Class B (non-vtg.) | 438,262 | $ 25,620,797 | |
Washington Post Co. Class B | 3,968 | 1,581,407 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 369,102 | |
| 523,778,755 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a)(d) | 53,063 | 1,766,998 | |
Dillard's, Inc. Class A | 32,687 | 2,604,500 | |
Dollar General Corp. (a) | 241,081 | 11,171,694 | |
Dollar Tree, Inc. (a) | 221,972 | 10,029,805 | |
Family Dollar Stores, Inc. | 100,910 | 5,807,371 | |
Fred's, Inc. Class A | 41,012 | 556,533 | |
Gordmans Stores, Inc. (a) | 10,233 | 136,201 | |
J.C. Penney Co., Inc. (d) | 131,144 | 2,304,200 | |
Kohl's Corp. | 200,844 | 9,258,908 | |
Macy's, Inc. | 360,200 | 14,804,220 | |
Nordstrom, Inc. | 136,880 | 7,421,634 | |
Saks, Inc. (a)(d) | 100,086 | 1,140,980 | |
Sears Holdings Corp. (a)(d) | 37,834 | 1,702,530 | |
Target Corp. | 603,803 | 38,015,437 | |
The Bon-Ton Stores, Inc. (d) | 19,775 | 212,186 | |
Tuesday Morning Corp. (a) | 26,882 | 239,250 | |
| 107,172,447 | ||
Specialty Retail - 2.4% | |||
Aarons, Inc. Class A | 69,026 | 1,883,720 | |
Abercrombie & Fitch Co. Class A | 83,791 | 3,907,174 | |
Advance Auto Parts, Inc. | 67,765 | 5,173,180 | |
Aeropostale, Inc. (a) | 70,783 | 921,595 | |
America's Car Mart, Inc. (a) | 10,422 | 497,755 | |
American Eagle Outfitters, Inc. | 183,756 | 3,800,074 | |
ANN, Inc. (a) | 46,918 | 1,327,310 | |
Asbury Automotive Group, Inc. (a) | 22,455 | 758,081 | |
Ascena Retail Group, Inc. (a)(d) | 107,818 | 1,810,264 | |
AutoNation, Inc. (a) | 53,370 | 2,336,005 | |
AutoZone, Inc. (a) | 34,149 | 12,981,742 | |
Barnes & Noble, Inc. (a)(d) | 41,457 | 652,533 | |
bebe Stores, Inc. | 66,951 | 265,126 | |
Bed Bath & Beyond, Inc. (a) | 214,039 | 12,146,713 | |
Best Buy Co., Inc. (d) | 248,339 | 4,075,243 | |
Big 5 Sporting Goods Corp. | 16,237 | 253,135 | |
Body Central Corp. (a) | 23,522 | 181,355 | |
Books-A-Million, Inc. (a)(d) | 4,414 | 10,770 | |
Brown Shoe Co., Inc. (d) | 39,452 | 647,013 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 20,164 | |
Cabela's, Inc. Class A (a)(d) | 43,517 | 2,201,525 | |
Cache, Inc. (a)(d) | 2,880 | 12,384 | |
CarMax, Inc. (a) | 213,259 | 8,191,278 | |
Chico's FAS, Inc. (d) | 157,246 | 2,670,037 | |
Christopher & Banks Corp. (a) | 22,706 | 137,371 | |
Citi Trends, Inc. (a)(d) | 14,433 | 148,516 | |
Coldwater Creek, Inc. (a)(d) | 13,235 | 47,514 | |
Conn's, Inc. (a)(d) | 15,280 | 489,571 | |
Destination Maternity Corp. | 9,860 | 220,765 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Destination XL Group, Inc. (a)(d) | 42,389 | $ 192,446 | |
Dick's Sporting Goods, Inc. | 83,168 | 4,158,400 | |
DSW, Inc. Class A (d) | 26,500 | 1,793,785 | |
Express, Inc. (a) | 81,477 | 1,507,325 | |
Finish Line, Inc. Class A | 36,835 | 667,082 | |
Five Below, Inc. | 9,429 | 375,274 | |
Foot Locker, Inc. | 137,615 | 4,705,057 | |
Francescas Holdings Corp. (a)(d) | 39,040 | 993,568 | |
GameStop Corp. Class A (d) | 113,091 | 2,834,060 | |
Gap, Inc. | 291,066 | 9,581,893 | |
Genesco, Inc. (a)(d) | 19,944 | 1,170,314 | |
GNC Holdings, Inc. | 68,927 | 2,826,007 | |
Group 1 Automotive, Inc. | 17,193 | 992,724 | |
Guess?, Inc. (d) | 49,289 | 1,364,812 | |
Haverty Furniture Companies, Inc. | 22,550 | 413,793 | |
hhgregg, Inc. (a)(d) | 15,184 | 142,122 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,201,106 | |
Home Depot, Inc. | 1,399,366 | 95,856,571 | |
Hot Topic, Inc. (d) | 51,429 | 555,433 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 23,081 | 957,862 | |
Kirkland's, Inc. (a) | 10,699 | 124,536 | |
Limited Brands, Inc. | 219,825 | 10,006,434 | |
Lithia Motors, Inc. Class A (sub. vtg.) (d) | 20,666 | 849,373 | |
Lowe's Companies, Inc. | 1,050,958 | 40,094,048 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 25,466 | 1,507,333 | |
MarineMax, Inc. (a)(d) | 10,125 | 131,119 | |
Mattress Firm Holding Corp. (a)(d) | 7,207 | 200,715 | |
Monro Muffler Brake, Inc. (d) | 28,456 | 1,054,295 | |
New York & Co., Inc. (a) | 19,427 | 83,730 | |
O'Reilly Automotive, Inc. (a) | 111,111 | 11,304,433 | |
Office Depot, Inc. (a) | 247,217 | 996,285 | |
OfficeMax, Inc. | 117,377 | 1,405,003 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 127,454 | |
Penske Automotive Group, Inc. | 46,027 | 1,369,764 | |
Perfumania Holdings, Inc. (a) | 876 | 5,387 | |
PetSmart, Inc. | 105,988 | 6,900,879 | |
Pier 1 Imports, Inc. (d) | 103,847 | 2,333,442 | |
RadioShack Corp. (d) | 82,121 | 246,363 | |
Rent-A-Center, Inc. (d) | 61,802 | 2,242,177 | |
Restoration Hardware Holdings, Inc. (d) | 4,814 | 185,869 | |
Ross Stores, Inc. | 207,497 | 12,026,526 | |
rue21, Inc. (a)(d) | 10,092 | 272,484 | |
Sally Beauty Holdings, Inc. (a)(d) | 137,637 | 3,818,050 | |
Sears Hometown & Outlet Stores, Inc. (a) | 10,000 | 445,700 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,035,287 | |
Shoe Carnival, Inc. | 8,791 | 170,809 | |
Signet Jewelers Ltd. (d) | 75,093 | 4,597,193 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 32,657 | 729,557 | |
Stage Stores, Inc. | 23,252 | 574,092 | |
Staples, Inc. (d) | 620,676 | 8,180,510 | |
Stein Mart, Inc. | 16,975 | 144,457 | |
| |||
Shares | Value | ||
Systemax, Inc. | 6,560 | $ 65,272 | |
The Buckle, Inc. (d) | 22,180 | 993,886 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 795,075 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 840,055 | |
The Men's Wearhouse, Inc. | 53,679 | 1,509,453 | |
The Pep Boys - Manny, Moe & Jack (a)(d) | 83,764 | 932,293 | |
Tiffany & Co., Inc. (d) | 117,916 | 7,919,239 | |
Tile Shop Holdings, Inc. (a) | 29,018 | 511,587 | |
Tilly's, Inc. (a) | 6,806 | 90,384 | |
TJX Companies, Inc. | 679,027 | 30,535,844 | |
Tractor Supply Co. | 64,603 | 6,718,066 | |
Trans World Entertainment Corp. | 2,977 | 11,283 | |
Ulta Salon, Cosmetics & Fragrance, Inc. | 53,900 | 4,773,384 | |
Urban Outfitters, Inc. (a) | 100,078 | 4,055,161 | |
Vitamin Shoppe, Inc. (a)(d) | 26,676 | 1,401,824 | |
West Marine, Inc. (a) | 3,285 | 41,095 | |
Wet Seal, Inc. Class A (a) | 66,930 | 196,774 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,829,172 | |
Winmark Corp. | 391 | 24,172 | |
Zale Corp. (a)(d) | 22,527 | 88,531 | |
Zumiez, Inc. (a)(d) | 17,893 | 409,750 | |
| 378,963,151 | ||
Textiles, Apparel & Luxury Goods - 0.7% | |||
American Apparel, Inc. (a)(d) | 42,333 | 56,303 | |
Carter's, Inc. (a)(d) | 47,035 | 2,653,244 | |
Cherokee, Inc. | 20,319 | 283,856 | |
Coach, Inc. | 263,207 | 12,720,794 | |
Columbia Sportswear Co. (d) | 17,213 | 955,838 | |
Crocs, Inc. (a) | 79,497 | 1,205,175 | |
Culp, Inc. | 7,038 | 110,567 | |
Deckers Outdoor Corp. (a)(d) | 36,096 | 1,456,113 | |
Delta Apparel, Inc. (a)(d) | 1,905 | 31,223 | |
Fifth & Pacific Companies, Inc. (a)(d) | 107,666 | 1,947,678 | |
Fossil, Inc. (a) | 50,709 | 5,211,364 | |
G-III Apparel Group Ltd. (a)(d) | 12,799 | 467,164 | |
Hanesbrands, Inc. (a)(d) | 86,732 | 3,438,056 | |
Iconix Brand Group, Inc. (a)(d) | 61,164 | 1,444,694 | |
Joe's Jeans, Inc. (a)(d) | 32,503 | 45,179 | |
K-Swiss, Inc. Class A (a) | 23,242 | 109,470 | |
Maidenform Brands, Inc. (a) | 18,000 | 345,420 | |
Michael Kors Holdings Ltd. (a)(d) | 108,297 | 6,419,846 | |
Movado Group, Inc. | 14,045 | 506,182 | |
NIKE, Inc. Class B | 686,074 | 37,363,590 | |
Oxford Industries, Inc. (d) | 12,480 | 606,653 | |
Perry Ellis International, Inc. | 7,954 | 129,014 | |
PVH Corp. | 73,938 | 9,009,345 | |
Quiksilver, Inc. (a)(d) | 122,287 | 764,294 | |
R.G. Barry Corp. | 3,640 | 44,918 | |
Ralph Lauren Corp. | 56,208 | 9,750,402 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 32,235 | 673,712 | |
Steven Madden Ltd. (a) | 35,946 | 1,584,859 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Superior Uniform Group, Inc. | 859 | $ 10,007 | |
The Jones Group, Inc. | 62,712 | 723,696 | |
True Religion Apparel, Inc. | 28,057 | 748,841 | |
Tumi Holdings, Inc. (d) | 16,160 | 382,022 | |
Under Armour, Inc. Class A (sub. vtg.) (a) | 74,542 | 3,673,430 | |
Unifi, Inc. (a) | 18,843 | 295,081 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 412,322 | |
VF Corp. | 81,630 | 13,163,654 | |
Wolverine World Wide, Inc. (d) | 42,482 | 1,792,740 | |
| 120,536,746 | ||
TOTAL CONSUMER DISCRETIONARY | 1,900,846,570 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 1.9% | |||
Beam, Inc. | 155,347 | 9,480,827 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 1,201,629 | |
Brown-Forman Corp. Class B (non-vtg.) | 139,755 | 9,170,723 | |
Central European Distribution Corp. (a)(d) | 99,939 | 72,296 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 202,440 | |
Coca-Cola Enterprises, Inc. | 270,815 | 9,689,761 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 138,226 | 6,115,118 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 39,052 | |
Crimson Wine Group Ltd. (a) | 1,943 | 15,641 | |
Dr. Pepper Snapple Group, Inc. | 203,653 | 8,883,344 | |
MGP Ingredients, Inc. | 4,299 | 17,798 | |
Molson Coors Brewing Co. Class B | 144,316 | 6,380,210 | |
Monster Beverage Corp. (a) | 137,421 | 6,930,141 | |
National Beverage Corp. | 7,694 | 102,946 | |
PepsiCo, Inc. | 1,442,437 | 109,293,451 | |
Primo Water Corp. (a)(d) | 8,907 | 9,085 | |
REED'S, Inc. (a)(d) | 1,830 | 7,521 | |
The Coca-Cola Co. | 3,614,328 | 139,946,780 | |
| 307,558,763 | ||
Food & Staples Retailing - 2.0% | |||
Andersons, Inc. | 16,533 | 811,440 | |
Arden Group, Inc. Class A | 86 | 7,836 | |
Casey's General Stores, Inc. (d) | 33,387 | 1,889,370 | |
Chefs' Warehouse Holdings (a)(d) | 6,997 | 125,946 | |
Costco Wholesale Corp. | 405,498 | 41,072,892 | |
Crumbs Bake Shop, Inc. (a)(d) | 5,760 | 14,688 | |
CVS Caremark Corp. | 1,165,150 | 59,562,468 | |
Fresh Market, Inc. (a)(d) | 36,436 | 1,698,646 | |
Harris Teeter Supermarkets, Inc. | 65,364 | 2,810,652 | |
Ingles Markets, Inc. Class A | 19,385 | 398,556 | |
Kroger Co. | 476,839 | 13,928,467 | |
Nash-Finch Co. | 11,468 | 219,842 | |
| |||
Shares | Value | ||
Natural Grocers by Vitamin Cottage, Inc. (d) | 6,984 | $ 144,569 | |
Pizza Inn Holdings, Inc. (a)(d) | 9,079 | 28,599 | |
PriceSmart, Inc. (d) | 17,002 | 1,260,698 | |
Rite Aid Corp. (a) | 682,788 | 1,119,772 | |
Roundy's, Inc. (d) | 8,260 | 47,330 | |
Safeway, Inc. (d) | 265,495 | 6,334,711 | |
Spartan Stores, Inc. | 24,920 | 415,167 | |
SUPERVALU, Inc. (d) | 203,563 | 808,145 | |
Susser Holdings Corp. (a)(d) | 14,504 | 642,237 | |
Sysco Corp. | 541,988 | 17,430,334 | |
The Pantry, Inc. (a) | 24,320 | 302,541 | |
United Natural Foods, Inc. (a) | 43,201 | 2,186,835 | |
Village Super Market, Inc. Class A | 3,352 | 109,778 | |
Wal-Mart Stores, Inc. | 1,567,752 | 110,965,487 | |
Walgreen Co. | 805,739 | 32,986,955 | |
Weis Markets, Inc. | 9,706 | 392,705 | |
Whole Foods Market, Inc. | 158,987 | 13,612,467 | |
| 311,329,133 | ||
Food Products - 1.8% | |||
Alico, Inc. | 172 | 7,370 | |
Annie's, Inc. | 7,023 | 294,685 | |
Archer Daniels Midland Co. | 615,354 | 19,605,178 | |
B&G Foods, Inc. Class A (d) | 45,939 | 1,350,607 | |
Boulder Brands, Inc. (a)(d) | 68,009 | 579,437 | |
Bunge Ltd. (d) | 137,909 | 10,220,436 | |
Cal-Maine Foods, Inc. | 14,807 | 599,535 | |
Calavo Growers, Inc. (d) | 8,788 | 247,382 | |
Campbell Soup Co. | 184,577 | 7,597,189 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 191,001 | |
Coffee Holding Co., Inc. | 3,401 | 24,997 | |
ConAgra Foods, Inc. | 369,281 | 12,596,175 | |
Darling International, Inc. (a) | 125,934 | 2,101,838 | |
Dean Foods Co. (a) | 165,929 | 2,754,421 | |
Diamond Foods, Inc. (d) | 18,346 | 284,913 | |
Dole Food Co., Inc. (a)(d) | 28,149 | 315,269 | |
Farmer Brothers Co. (a) | 3,100 | 39,339 | |
Flowers Foods, Inc. | 120,921 | 3,407,554 | |
Fresh Del Monte Produce, Inc. | 38,697 | 1,009,605 | |
General Mills, Inc. | 594,950 | 27,516,438 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 115,161 | 5,500,089 | |
H.J. Heinz Co. | 295,763 | 21,422,114 | |
Hain Celestial Group, Inc. (a)(d) | 40,266 | 2,204,564 | |
Hillshire Brands Co. | 104,379 | 3,381,880 | |
Hormel Foods Corp. | 148,701 | 5,562,904 | |
Ingredion, Inc. | 69,989 | 4,633,272 | |
J&J Snack Foods Corp. | 11,932 | 825,933 | |
John B. Sanfilippo & Son, Inc. | 4,594 | 87,562 | |
Kellogg Co. | 225,848 | 13,663,804 | |
Kraft Foods Group, Inc. | 551,454 | 26,728,975 | |
Lancaster Colony Corp. | 17,892 | 1,309,158 | |
Limoneira Co. | 3,738 | 73,676 | |
McCormick & Co., Inc. (non-vtg.) | 124,088 | 8,347,400 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Mead Johnson Nutrition Co. Class A | 189,296 | $ 14,180,163 | |
Mondelez International, Inc. | 1,657,567 | 45,831,728 | |
Omega Protein Corp. (a) | 32,056 | 265,424 | |
Pilgrims Pride Corp. (a)(d) | 54,584 | 480,885 | |
Post Holdings, Inc. (a) | 28,839 | 1,114,916 | |
Sanderson Farms, Inc. (d) | 16,208 | 822,232 | |
Seneca Foods Corp. Class A (a) | 7,029 | 214,525 | |
Smithfield Foods, Inc. (a) | 121,954 | 2,712,257 | |
Snyders-Lance, Inc. | 50,907 | 1,260,457 | |
The Hershey Co. | 144,101 | 12,009,377 | |
The J.M. Smucker Co. | 102,284 | 9,747,665 | |
Tootsie Roll Industries, Inc. (d) | 29,529 | 829,174 | |
TreeHouse Foods, Inc. (a) | 37,174 | 2,170,590 | |
Tyson Foods, Inc. Class A | 265,963 | 6,029,381 | |
WhiteWave Foods Co. (d) | 22,752 | 355,841 | |
| 282,509,315 | ||
Household Products - 1.9% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 303,053 | |
Church & Dwight Co., Inc. (d) | 135,097 | 8,370,610 | |
Clorox Co. | 117,785 | 9,895,118 | |
Colgate-Palmolive Co. | 416,187 | 47,624,278 | |
Energizer Holdings, Inc. | 57,715 | 5,305,740 | |
Harbinger Group, Inc. (a) | 9,831 | 84,252 | |
Kimberly-Clark Corp. | 363,072 | 34,230,428 | |
Oil-Dri Corp. of America | 644 | 17,723 | |
Orchids Paper Products Co. | 2,087 | 45,747 | |
Procter & Gamble Co. | 2,559,499 | 194,982,634 | |
Spectrum Brands Holdings, Inc. | 23,337 | 1,262,298 | |
WD-40 Co. | 17,410 | 943,796 | |
| 303,065,677 | ||
Personal Products - 0.2% | |||
Avon Products, Inc. | 410,247 | 8,020,329 | |
Cyanotech Corp. (a) | 2,300 | 10,120 | |
Elizabeth Arden, Inc. (a)(d) | 22,677 | 882,135 | |
Estee Lauder Companies, Inc. Class A | 220,556 | 14,137,640 | |
Herbalife Ltd. (d) | 102,302 | 4,121,748 | |
Inter Parfums, Inc. | 14,485 | 362,994 | |
LifeVantage Corp. (a)(d) | 61,077 | 154,525 | |
Mannatech, Inc. (a) | 599 | 3,444 | |
MediFast, Inc. (a)(d) | 10,225 | 237,016 | |
Nature's Sunshine Products, Inc. (d) | 2,859 | 41,341 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 2,217,837 | |
Nutraceutical International Corp. | 4,799 | 78,656 | |
Prestige Brands Holdings, Inc. (a)(d) | 44,548 | 1,059,797 | |
Revlon, Inc. (a) | 13,966 | 314,933 | |
Star Scientific, Inc. (a)(d) | 92,291 | 163,355 | |
The Female Health Co. (d) | 4,862 | 34,520 | |
USANA Health Sciences, Inc. (a)(d) | 12,622 | 559,028 | |
| 32,399,418 | ||
| |||
Shares | Value | ||
Tobacco - 1.5% | |||
Alliance One International, Inc. (a)(d) | 89,449 | $ 333,645 | |
Altria Group, Inc. | 1,890,644 | 63,431,106 | |
Lorillard, Inc. | 357,231 | 13,767,683 | |
Philip Morris International, Inc. | 1,566,647 | 143,739,862 | |
Reynolds American, Inc. | 311,872 | 13,622,569 | |
Universal Corp. | 28,408 | 1,584,882 | |
Vector Group Ltd. (d) | 57,232 | 918,574 | |
| 237,398,321 | ||
TOTAL CONSUMER STAPLES | 1,474,260,627 | ||
ENERGY - 10.2% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 74,378 | 3,804,435 | |
Baker Hughes, Inc. | 406,618 | 18,224,619 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 455,768 | |
Bolt Technology Corp. | 7,172 | 111,883 | |
Bristow Group, Inc. | 35,526 | 2,069,745 | |
C&J Energy Services, Inc. (a) | 39,339 | 952,004 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 141,817 | |
Cameron International Corp. (a) | 227,925 | 14,523,381 | |
Carbo Ceramics, Inc. (d) | 17,768 | 1,613,334 | |
Dawson Geophysical Co. (a) | 7,871 | 243,214 | |
Diamond Offshore Drilling, Inc. (d) | 67,074 | 4,673,716 | |
Dresser-Rand Group, Inc. (a)(d) | 66,371 | 4,092,436 | |
Dril-Quip, Inc. (a)(d) | 35,273 | 2,900,499 | |
ENGlobal Corp. (a) | 5,637 | 3,269 | |
Ensco PLC Class A | 218,569 | 13,144,740 | |
Era Group, Inc. (a) | 20,388 | 411,634 | |
Exterran Holdings, Inc. (a)(d) | 55,256 | 1,394,109 | |
FMC Technologies, Inc. (a)(d) | 219,958 | 11,418,020 | |
Forbes Energy Services Ltd. (a) | 500 | 1,550 | |
Forum Energy Technologies, Inc. (d) | 11,487 | 306,473 | |
Geospace Technologies Corp. (a) | 13,000 | 1,265,160 | |
Global Geophysical Services, Inc. (a)(d) | 18,062 | 42,265 | |
GreenHunter Energy, Inc. | 12,193 | 20,240 | |
Gulf Island Fabrication, Inc. | 10,744 | 255,815 | |
Gulfmark Offshore, Inc. Class A | 20,706 | 739,618 | |
Halliburton Co. | 861,984 | 35,780,956 | |
Helix Energy Solutions Group, Inc. (a) | 81,255 | 1,902,180 | |
Helmerich & Payne, Inc. | 101,955 | 6,755,538 | |
Hercules Offshore, Inc. (a)(d) | 189,533 | 1,285,034 | |
Hornbeck Offshore Services, Inc. (a)(d) | 29,524 | 1,254,770 | |
ION Geophysical Corp. (a)(d) | 97,381 | 646,610 | |
Key Energy Services, Inc. (a) | 128,766 | 1,104,812 | |
Lufkin Industries, Inc. | 32,247 | 2,088,961 | |
Matrix Service Co. (a) | 19,340 | 300,930 | |
McDermott International, Inc. (a)(d) | 226,474 | 2,880,749 | |
Mitcham Industries, Inc. (a)(d) | 23,287 | 357,455 | |
Nabors Industries Ltd. | 258,579 | 4,333,784 | |
National Oilwell Varco, Inc. | 399,939 | 27,247,844 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 377,171 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Newpark Resources, Inc. (a)(d) | 85,435 | $ 752,682 | |
Noble Corp. | 237,885 | 8,521,041 | |
Oceaneering International, Inc. | 101,325 | 6,443,257 | |
Oil States International, Inc. (a)(d) | 51,844 | 3,947,921 | |
Parker Drilling Co. (a) | 122,844 | 584,737 | |
Patterson-UTI Energy, Inc. | 135,919 | 3,172,349 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 579,794 | |
Pioneer Energy Services Corp. (a) | 48,304 | 421,694 | |
RigNet, Inc. (a)(d) | 15,376 | 301,677 | |
Rowan Companies PLC (a) | 117,283 | 4,056,819 | |
RPC, Inc. (d) | 65,463 | 1,059,191 | |
Schlumberger Ltd. | 1,242,067 | 96,694,916 | |
SEACOR Holdings, Inc. (d) | 20,388 | 1,416,558 | |
Superior Energy Services, Inc. (a) | 151,895 | 4,017,623 | |
Tesco Corp. (a) | 25,016 | 317,953 | |
TETRA Technologies, Inc. (a)(d) | 67,813 | 625,914 | |
TGC Industries, Inc. | 12,062 | 115,433 | |
Tidewater, Inc. | 43,850 | 2,075,421 | |
Transocean Ltd. (United States) | 335,485 | 17,545,866 | |
Unit Corp. (a)(d) | 41,417 | 1,883,645 | |
Weatherford International Ltd. (a) | 699,745 | 8,312,971 | |
Willbros Group, Inc. (a) | 35,988 | 242,919 | |
| 332,216,919 | ||
Oil, Gas & Consumable Fuels - 8.1% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 258,310 | |
Adams Resources & Energy, Inc. | 1,804 | 71,817 | |
Alon USA Energy, Inc. | 9,432 | 183,830 | |
Alpha Natural Resources, Inc. (a)(d) | 204,525 | 1,632,110 | |
Amyris, Inc. (a)(d) | 41,172 | 120,634 | |
Anadarko Petroleum Corp. | 465,845 | 37,071,945 | |
Apache Corp. | 367,367 | 27,284,347 | |
APCO Oil and Gas International, Inc. | 12,221 | 162,539 | |
Approach Resources, Inc. (a)(d) | 29,242 | 723,740 | |
Arch Coal, Inc. | 201,141 | 1,051,967 | |
Barnwell Industries, Inc. (a) | 2,847 | 9,481 | |
Berry Petroleum Co. Class A (d) | 38,847 | 1,778,027 | |
Bill Barrett Corp. (a)(d) | 37,315 | 673,536 | |
BioFuel Energy Corp. (a)(d) | 979 | 4,944 | |
Bonanza Creek Energy, Inc. (a)(d) | 18,196 | 615,571 | |
BPZ Energy, Inc. (a)(d) | 134,116 | 329,925 | |
Cabot Oil & Gas Corp. | 196,920 | 12,203,132 | |
Callon Petroleum Co. (a) | 31,499 | 169,780 | |
Carrizo Oil & Gas, Inc. (a)(d) | 36,358 | 854,049 | |
Ceres, Inc. | 2,484 | 9,961 | |
Cheniere Energy, Inc. (a) | 203,342 | 4,331,185 | |
Chesapeake Energy Corp. (d) | 476,743 | 9,611,139 | |
Chevron Corp. | 1,834,942 | 214,963,455 | |
Cimarex Energy Co. (d) | 80,895 | 5,445,042 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 307,834 | |
Clean Energy Fuels Corp. (a)(d) | 67,120 | 844,370 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 935,604 | |
| |||
Shares | Value | ||
Cobalt International Energy, Inc. (a)(d) | 161,814 | $ 3,991,951 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 458,844 | |
Concho Resources, Inc. (a)(d) | 97,403 | 8,762,374 | |
ConocoPhillips | 1,134,704 | 65,756,097 | |
CONSOL Energy, Inc. | 213,487 | 6,863,607 | |
Contango Oil & Gas Co. (d) | 16,222 | 628,765 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,051,816 | |
Crimson Exploration, Inc. (a) | 12,416 | 40,104 | |
Crosstex Energy, Inc. (d) | 45,920 | 765,486 | |
Cubic Energy, Inc. (a) | 25,301 | 5,624 | |
CVR Energy, Inc. | 13,732 | 771,464 | |
Delek US Holdings, Inc. | 36,764 | 1,373,503 | |
Denbury Resources, Inc. (a)(d) | 362,076 | 6,560,817 | |
Devon Energy Corp. | 349,289 | 18,952,421 | |
DHT Holdings, Inc. | 4,997 | 21,487 | |
Diamondback Energy, Inc. | 12,429 | 282,263 | |
Double Eagle Petroleum Co. (a) | 1,282 | 6,038 | |
Emerald Oil, Inc. (a) | 18,010 | 124,269 | |
Endeavour International Corp. (a)(d) | 33,475 | 84,692 | |
Energen Corp. | 73,288 | 3,388,837 | |
EOG Resources, Inc. | 252,479 | 31,739,135 | |
EPL Oil & Gas, Inc. (a) | 30,399 | 782,166 | |
EQT Corp. | 139,951 | 8,829,509 | |
Evolution Petroleum Corp. (a)(d) | 6,950 | 71,238 | |
EXCO Resources, Inc. (d) | 115,116 | 764,370 | |
Exxon Mobil Corp. | 4,270,778 | 382,448,170 | |
Forest Oil Corp. (a)(d) | 96,618 | 560,384 | |
FX Energy, Inc. (a)(d) | 35,252 | 124,440 | |
Gasco Energy, Inc. (a) | 97,844 | 5,675 | |
Gastar Exploration Ltd. (a) | 74,542 | 85,723 | |
Gevo, Inc. (a)(d) | 17,509 | 34,668 | |
GMX Resources, Inc. (a)(d) | 5,751 | 13,860 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 429,740 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 134,379 | |
Gulfport Energy Corp. (a) | 61,924 | 2,535,788 | |
Halcon Resources Corp. (a)(d) | 102,301 | 726,337 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 179,969 | |
Hess Corp. | 277,626 | 18,462,129 | |
HollyFrontier Corp. | 189,781 | 10,665,692 | |
Houston American Energy Corp. (a)(d) | 36,485 | 8,392 | |
Hyperdynamics Corp. (a)(d) | 268,169 | 139,475 | |
Isramco, Inc. (a) | 123 | 12,138 | |
James River Coal Co. (a)(d) | 31,067 | 82,328 | |
Kinder Morgan Holding Co. LLC | 583,849 | 21,643,282 | |
KiOR, Inc. Class A (a)(d) | 14,609 | 80,496 | |
Kodiak Oil & Gas Corp. (a) | 306,801 | 2,730,529 | |
Laredo Petroleum Holdings, Inc. (a) | 29,519 | 505,956 | |
Lucas Energy, Inc. (a) | 9,400 | 12,032 | |
Magellan Petroleum Corp. (a) | 35,895 | 39,126 | |
Magnum Hunter Resources Corp. (a)(d) | 135,725 | 525,256 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 546 | |
Marathon Oil Corp. | 658,184 | 22,049,164 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Marathon Petroleum Corp. | 317,320 | $ 26,299,482 | |
Matador Resources Co. (d) | 19,175 | 149,757 | |
McMoRan Exploration Co. (a) | 119,052 | 1,915,547 | |
Midstates Petroleum Co., Inc. | 20,651 | 154,056 | |
Miller Energy Resources, Inc. (a)(d) | 32,422 | 127,094 | |
Murphy Oil Corp. | 169,996 | 10,349,356 | |
Newfield Exploration Co. (a) | 125,514 | 2,901,884 | |
Noble Energy, Inc. | 166,064 | 18,404,873 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 618,773 | |
Oasis Petroleum, Inc. (a)(d) | 64,744 | 2,376,105 | |
Occidental Petroleum Corp. | 758,827 | 62,474,227 | |
Pacific Ethanol, Inc. (a)(d) | 128,037 | 49,294 | |
Panhandle Royalty Co. Class A | 6,335 | 172,565 | |
PBF Energy, Inc. Class A | 22,067 | 921,297 | |
PDC Energy, Inc. (a)(d) | 25,121 | 1,171,643 | |
Peabody Energy Corp. | 250,217 | 5,394,679 | |
Penn Virginia Corp. (d) | 41,256 | 167,912 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 272,440 | |
Phillips 66 | 586,698 | 36,938,506 | |
Pioneer Natural Resources Co. | 113,759 | 14,312,020 | |
Plains Exploration & Production Co. (a) | 134,043 | 6,081,531 | |
QEP Resources, Inc. | 166,921 | 5,084,414 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 174,033 | |
Range Resources Corp. (d) | 149,693 | 11,496,422 | |
Recovery Energy, Inc. (a)(d) | 8,026 | 14,848 | |
Renewable Energy Group, Inc. (a)(d) | 7,119 | 52,609 | |
Rentech, Inc. | 169,556 | 462,888 | |
Resolute Energy Corp. (a)(d) | 29,689 | 302,234 | |
Rex American Resources Corp. (a) | 3,020 | 69,762 | |
Rex Energy Corp. (a)(d) | 32,188 | 433,894 | |
Rosetta Resources, Inc. (a)(d) | 44,961 | 2,188,701 | |
Royale Energy, Inc. (a)(d) | 5,368 | 13,044 | |
Sanchez Energy Corp. (a)(d) | 7,390 | 136,789 | |
SandRidge Energy, Inc. (a)(d) | 334,445 | 1,906,337 | |
Saratoga Resources, Inc. (a) | 16,554 | 49,828 | |
SemGroup Corp. Class A (a) | 56,834 | 2,619,479 | |
SM Energy Co. (d) | 62,332 | 3,607,776 | |
Solazyme, Inc. (a)(d) | 23,891 | 208,568 | |
Southwestern Energy Co. (a) | 327,623 | 11,227,640 | |
Spectra Energy Corp. | 611,633 | 17,761,822 | |
Stone Energy Corp. (a)(d) | 41,697 | 852,704 | |
Swift Energy Co. (a)(d) | 29,835 | 403,369 | |
Synergy Resources Corp. (a)(d) | 26,560 | 176,093 | |
Syntroleum Corp. (a) | 150,374 | 68,420 | |
Targa Resources Corp. | 22,682 | 1,383,602 | |
Teekay Corp. | 34,398 | 1,193,611 | |
Tengasco, Inc. (a) | 12,601 | 8,436 | |
Tesoro Corp. | 129,036 | 7,256,985 | |
The Williams Companies, Inc. | 627,283 | 21,772,993 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 2,442,685 | |
Uranium Energy Corp. (a)(d) | 54,945 | 126,923 | |
| |||
Shares | Value | ||
Uranium Resources, Inc. (a)(d) | 26,282 | $ 70,961 | |
US Energy Corp. (a) | 13,579 | 23,763 | |
USEC, Inc. (a)(d) | 83,065 | 39,871 | |
VAALCO Energy, Inc. (a)(d) | 68,248 | 553,491 | |
Valero Energy Corp. | 516,190 | 23,533,102 | |
Verenium Corp. (a) | 522 | 1,274 | |
W&T Offshore, Inc. | 37,319 | 554,560 | |
Warren Resources, Inc. (a)(d) | 48,923 | 128,178 | |
Western Refining, Inc. | 53,248 | 1,911,071 | |
Westmoreland Coal Co. (a) | 10,233 | 107,447 | |
Whiting Petroleum Corp. (a) | 109,106 | 5,313,462 | |
World Fuel Services Corp. | 70,210 | 2,670,086 | |
WPX Energy, Inc. (a)(d) | 177,241 | 2,515,050 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 30,894 | |
Zion Oil & Gas, Inc. (a)(d) | 13,122 | 15,746 | |
| 1,274,179,731 | ||
TOTAL ENERGY | 1,606,396,650 | ||
FINANCIALS - 17.0% | |||
Capital Markets - 2.0% | |||
Affiliated Managers Group, Inc. (a) | 48,529 | 7,096,396 | |
Ameriprise Financial, Inc. | 193,199 | 13,259,247 | |
Arlington Asset Investment Corp. | 9,211 | 237,644 | |
Artio Global Investors, Inc. Class A | 48,721 | 132,521 | |
Bank of New York Mellon Corp. | 1,100,094 | 29,856,551 | |
BGC Partners, Inc. Class A | 92,324 | 394,223 | |
BlackRock, Inc. Class A | 116,972 | 28,044,037 | |
Calamos Asset Management, Inc. Class A | 22,184 | 248,017 | |
Charles Schwab Corp. | 1,009,176 | 16,389,018 | |
CIFI Corp. (a) | 3,896 | 32,960 | |
Cohen & Steers, Inc. | 17,375 | 572,854 | |
Cowen Group, Inc. Class A (a) | 80,174 | 209,254 | |
Diamond Hill Investment Group, Inc. | 1,102 | 82,672 | |
Duff & Phelps Corp. Class A | 22,401 | 348,112 | |
E*TRADE Financial Corp. (a) | 224,502 | 2,404,416 | |
Eaton Vance Corp. (non-vtg.) (d) | 104,783 | 4,001,663 | |
Epoch Holding Corp. | 13,351 | 373,160 | |
Evercore Partners, Inc. Class A | 25,847 | 1,051,973 | |
FBR Capital Markets Corp. (a) | 11,471 | 202,578 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 80,486 | 1,868,885 | |
Financial Engines, Inc. | 37,117 | 1,212,984 | |
Franklin Resources, Inc. | 129,776 | 18,330,860 | |
FXCM, Inc. Class A (d) | 51,378 | 675,621 | |
GAMCO Investors, Inc. Class A | 6,083 | 325,441 | |
GFI Group, Inc. | 69,449 | 243,766 | |
Gleacher & Co., Inc. (a) | 36,175 | 21,235 | |
Goldman Sachs Group, Inc. | 412,530 | 61,780,493 | |
Greenhill & Co., Inc. | 23,725 | 1,442,006 | |
HFF, Inc. | 24,812 | 455,548 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
ICG Group, Inc. (a) | 32,808 | $ 427,488 | |
Institutional Financial Markets, Inc. | 6,881 | 18,923 | |
INTL FCStone, Inc. (a)(d) | 15,053 | 268,546 | |
Invesco Ltd. | 400,700 | 10,734,753 | |
Investment Technology Group, Inc. (a) | 55,680 | 674,285 | |
Janus Capital Group, Inc. (d) | 187,399 | 1,735,315 | |
JMP Group, Inc. | 11,989 | 71,335 | |
Knight Capital Group, Inc. Class A (a) | 70,305 | 260,129 | |
Ladenburg Thalmann Financial Services, Inc. (a) | 42,620 | 55,406 | |
Legg Mason, Inc. | 149,276 | 4,254,366 | |
LPL Financial | 55,040 | 1,735,411 | |
Manning & Napier, Inc. | 3,941 | 58,879 | |
Medallion Financial Corp. | 4,309 | 56,017 | |
Morgan Stanley | 1,286,946 | 29,020,632 | |
Northern Trust Corp. | 199,951 | 10,631,395 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 129,352 | |
Piper Jaffray Companies (a)(d) | 20,940 | 807,656 | |
Pzena Investment Management, Inc. | 4,972 | 31,274 | |
Raymond James Financial, Inc. | 100,886 | 4,426,878 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 404,919 | |
SEI Investments Co. | 130,771 | 3,696,896 | |
State Street Corp. | 433,197 | 24,514,618 | |
Stifel Financial Corp. (a)(d) | 43,239 | 1,493,475 | |
SWS Group, Inc. (a) | 24,189 | 155,051 | |
T. Rowe Price Group, Inc. | 236,667 | 16,848,324 | |
TD Ameritrade Holding Corp. (d) | 223,704 | 4,252,613 | |
Teton Advisors, Inc. (a) | 106 | 2,014 | |
U.S. Global Investments, Inc. Class A | 7,637 | 29,021 | |
Virtus Investment Partners, Inc. (a)(d) | 4,798 | 806,112 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,873,246 | |
Walter Investment Management Corp. (a) | 33,105 | 1,520,182 | |
Westwood Holdings Group, Inc. | 3,640 | 150,514 | |
WisdomTree Investments, Inc. (a) | 96,770 | 880,607 | |
| 314,319,767 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. | 8,597 | 202,545 | |
1st United Bancorp, Inc. | 20,464 | 124,421 | |
Access National Corp. | 1,270 | 20,206 | |
ACNB Corp. | 3,789 | 62,746 | |
Alliance Financial Corp. | 5,029 | 223,539 | |
American National Bankshares, Inc. | 2,748 | 55,592 | |
Ameris Bancorp (a) | 34,183 | 474,460 | |
Ames National Corp. | 1,209 | 25,026 | |
Arrow Financial Corp. | 15,508 | 375,914 | |
Associated Banc-Corp. | 148,936 | 2,143,189 | |
BancFirst Corp. | 10,611 | 424,864 | |
Bancorp, Inc., Delaware (a) | 28,595 | 365,158 | |
BancorpSouth, Inc. | 84,413 | 1,291,519 | |
| |||
Shares | Value | ||
Bank of Hawaii Corp. | 64,151 | $ 3,104,267 | |
Bank of Kentucky Financial Corp. | 1,699 | 45,397 | |
Bank of Marin Bancorp | 2,794 | 105,026 | |
Bank of the Ozarks, Inc. (d) | 37,486 | 1,439,088 | |
BankUnited, Inc. | 48,423 | 1,373,276 | |
Banner Bank | 13,068 | 388,250 | |
Bar Harbor Bankshares | 2,686 | 95,756 | |
BB&T Corp. | 654,452 | 19,869,163 | |
BBCN Bancorp, Inc. | 67,581 | 836,653 | |
BCB Bancorp, Inc. | 2,814 | 26,958 | |
BOK Financial Corp. | 38,531 | 2,289,897 | |
Boston Private Financial Holdings, Inc. | 63,942 | 583,790 | |
Bridge Bancorp, Inc. | 540 | 11,372 | |
Bridge Capital Holdings (a) | 1,107 | 16,849 | |
Bryn Mawr Bank Corp. | 9,420 | 216,095 | |
BSB Bancorp, Inc. (a) | 6,958 | 91,846 | |
C & F Financial Corp. | 573 | 22,891 | |
Camden National Corp. | 1,850 | 62,697 | |
Capital Bank Financial Corp. Series A | 10,674 | 197,469 | |
Capital City Bank Group, Inc. (a)(d) | 7,146 | 81,822 | |
CapitalSource, Inc. | 188,339 | 1,695,051 | |
Cardinal Financial Corp. | 22,155 | 352,929 | |
Cascade Bancorp (a)(d) | 4,186 | 25,242 | |
Cathay General Bancorp | 74,072 | 1,443,663 | |
Center Bancorp, Inc. | 6,904 | 85,610 | |
Centerstate Banks of Florida, Inc. | 6,387 | 54,098 | |
Central Pacific Financial Corp. (a)(d) | 26,089 | 404,119 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 22,638 | |
Chemical Financial Corp. | 26,904 | 658,879 | |
CIT Group, Inc. (a) | 188,005 | 7,869,889 | |
Citizens & Northern Corp. | 8,777 | 171,152 | |
Citizens Republic Bancorp, Inc. (a) | 39,789 | 819,653 | |
City Holding Co. (d) | 22,173 | 840,800 | |
City National Corp. (d) | 45,217 | 2,568,778 | |
CNB Financial Corp., Pennsylvania | 7,083 | 119,349 | |
CoBiz, Inc. | 39,972 | 331,368 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 596,300 | |
Comerica, Inc. | 181,563 | 6,242,136 | |
Commerce Bancshares, Inc. | 76,716 | 2,922,112 | |
Community Bank System, Inc. | 29,335 | 846,901 | |
Community Trust Bancorp, Inc. | 13,652 | 465,943 | |
CU Bancorp (a) | 6,814 | 83,812 | |
Cullen/Frost Bankers, Inc. | 71,142 | 4,308,360 | |
CVB Financial Corp. (d) | 84,778 | 898,647 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 16,194 | 351,410 | |
East West Bancorp, Inc. | 172,545 | 4,244,607 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 5,492 | |
Enterprise Bancorp, Inc. | 803 | 12,760 | |
Enterprise Financial Services Corp. | 12,168 | 170,109 | |
Farmers National Banc Corp. | 14,652 | 91,575 | |
Fidelity Southern Corp. | 3,363 | 37,329 | |
Fifth Third Bancorp | 855,912 | 13,557,646 | |
Financial Institutions, Inc. | 12,700 | 253,111 | |
First Bancorp, North Carolina | 9,193 | 122,635 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Bancorp, Puerto Rico (a)(d) | 46,129 | $ 252,326 | |
First Busey Corp. (d) | 50,381 | 226,715 | |
First California Financial Group, Inc. (a) | 10,516 | 84,549 | |
First Citizen Bancshares, Inc. | 5,973 | 1,072,452 | |
First Commonwealth Financial Corp. | 74,665 | 542,815 | |
First Community Bancshares, Inc. | 8,561 | 133,723 | |
First Connecticut Bancorp, Inc. | 11,897 | 170,246 | |
First Financial Bancorp, Ohio | 41,951 | 643,109 | |
First Financial Bankshares, Inc. (d) | 43,848 | 1,955,621 | |
First Financial Corp., Indiana | 8,837 | 271,738 | |
First Financial Service Corp. (a) | 2,521 | 8,092 | |
First Horizon National Corp. | 203,894 | 2,167,393 | |
First Interstate Bancsystem, Inc. | 19,621 | 358,476 | |
First M&F Corp. | 2,170 | 29,751 | |
First Merchants Corp. | 25,012 | 371,928 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 1,047,275 | |
First Niagara Financial Group, Inc. | 297,749 | 2,435,587 | |
First of Long Island Corp. | 1,768 | 50,512 | |
First Republic Bank | 67,611 | 2,464,421 | |
First United Corp. (a) | 3,018 | 24,204 | |
FirstMerit Corp. (d) | 97,649 | 1,476,453 | |
FNB Corp., Pennsylvania | 105,430 | 1,197,685 | |
FNB United Corp. (a) | 6,555 | 66,599 | |
Fulton Financial Corp. (d) | 187,360 | 2,126,536 | |
German American Bancorp, Inc. | 4,623 | 100,596 | |
Glacier Bancorp, Inc. | 63,024 | 1,099,139 | |
Great Southern Bancorp, Inc. | 6,815 | 163,628 | |
Guaranty Bancorp (a) | 13,950 | 28,179 | |
Hampton Roads Bankshares, Inc. (a)(d) | 89,921 | 118,696 | |
Hancock Holding Co. | 79,232 | 2,392,806 | |
Hanmi Financial Corp. (a) | 26,311 | 447,024 | |
Hawthorn Bancshares, Inc. | 1,439 | 14,606 | |
Heartland Financial USA, Inc. | 8,878 | 208,988 | |
Heritage Commerce Corp. (a) | 14,712 | 99,453 | |
Heritage Financial Corp., Washington | 12,768 | 176,837 | |
Heritage Oaks Bancorp (a) | 3,340 | 18,771 | |
Home Bancshares, Inc. | 25,101 | 849,669 | |
HomeTrust Bancshares, Inc. (d) | 20,129 | 310,993 | |
Horizon Bancorp Industries | 706 | 14,318 | |
Hudson Valley Holding Corp. | 14,551 | 220,884 | |
Huntington Bancshares, Inc. | 815,715 | 5,734,476 | |
IBERIABANK Corp. (d) | 26,893 | 1,350,029 | |
Independent Bank Corp. (a) | 1,144 | 6,761 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 822,197 | |
International Bancshares Corp. (d) | 64,813 | 1,312,463 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 33,449 | |
Investors Bancorp, Inc. | 53,522 | 945,734 | |
KeyCorp | 879,084 | 8,254,599 | |
Lakeland Bancorp, Inc. | 23,579 | 226,594 | |
Lakeland Financial Corp. | 13,545 | 334,832 | |
| |||
Shares | Value | ||
M&T Bank Corp. | 113,824 | $ 11,620,292 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 111,683 | |
MainSource Financial Group, Inc. | 13,271 | 185,794 | |
MB Financial, Inc. | 47,874 | 1,135,093 | |
MBT Financial Corp. (a) | 1,548 | 5,619 | |
Merchants Bancshares, Inc. | 5,246 | 151,295 | |
Metro Bancorp, Inc. (a) | 11,557 | 192,424 | |
Metrocorp Bancshares, Inc. (a) | 6,201 | 64,118 | |
Midsouth Bancorp, Inc. | 5,240 | 80,015 | |
National Bank Holdings Corp. | 12,034 | 217,695 | |
National Bankshares, Inc. | 5,803 | 195,793 | |
National Penn Bancshares, Inc. (d) | 120,787 | 1,183,713 | |
NBT Bancorp, Inc. | 33,888 | 693,348 | |
NewBridge Bancorp (a) | 7,211 | 42,401 | |
North Valley Bancorp (a) | 849 | 14,408 | |
Northrim Bancorp, Inc. | 2,935 | 63,807 | |
Old National Bancorp, Indiana | 98,018 | 1,323,243 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 63,257 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 179,215 | |
Oriental Financial Group, Inc. (d) | 40,168 | 614,972 | |
Orrstown Financial Services, Inc. (a) | 5,669 | 80,216 | |
Pacific Continental Corp. | 3,048 | 32,400 | |
Pacific Mercantile Bancorp (a) | 9,641 | 57,460 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 419 | |
PacWest Bancorp (d) | 32,508 | 888,444 | |
Park National Corp. (d) | 11,650 | 768,667 | |
Park Sterling Corp. (a) | 28,617 | 162,545 | |
Penns Woods Bancorp, Inc. (d) | 1,028 | 41,603 | |
Peoples Bancorp, Inc. | 3,334 | 72,248 | |
Peoples Financial Corp., Mississippi | 2,667 | 32,057 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 653,167 | |
PNC Financial Services Group, Inc. | 496,403 | 30,970,583 | |
Popular, Inc. (a) | 112,654 | 3,145,300 | |
Preferred Bank, Los Angeles (a) | 1,131 | 18,232 | |
Premier Financial Bancorp, Inc. | 115 | 1,340 | |
PrivateBancorp, Inc. | 92,031 | 1,648,275 | |
Prosperity Bancshares, Inc. (d) | 49,088 | 2,264,920 | |
Regions Financial Corp. | 1,378,520 | 10,545,678 | |
Renasant Corp. (d) | 22,516 | 495,577 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 393,956 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,861 | |
S&T Bancorp, Inc. | 32,238 | 582,218 | |
S.Y. Bancorp, Inc. | 6,551 | 148,380 | |
Sandy Spring Bancorp, Inc. | 13,803 | 267,226 | |
SCBT Financial Corp. (d) | 10,493 | 499,677 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 52,798 | |
Shore Bancshares, Inc. | 2,958 | 19,759 | |
Sierra Bancorp | 3,618 | 45,804 | |
Signature Bank (a)(d) | 42,555 | 3,160,560 | |
Simmons First National Corp. Class A | 10,951 | 275,308 | |
Southside Bancshares, Inc. | 12,735 | 272,147 | |
Southwest Bancorp, Inc., Oklahoma (a)(d) | 15,446 | 200,644 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
State Bank Financial Corp. | 26,469 | $ 420,857 | |
StellarOne Corp. | 11,962 | 184,095 | |
Sterling Bancorp, New York | 27,642 | 281,119 | |
Sterling Financial Corp. | 40,387 | 855,397 | |
Suffolk Bancorp (a) | 15,697 | 221,014 | |
Sun Bancorp, Inc., New Jersey (a)(d) | 48,802 | 175,687 | |
SunTrust Banks, Inc. | 510,552 | 14,086,130 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,904,924 | |
SVB Financial Group (a) | 38,629 | 2,590,461 | |
Synovus Financial Corp. (d) | 1,042,950 | 2,649,093 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 164,903 | |
TCF Financial Corp. | 168,588 | 2,316,399 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,879,978 | |
The First Bancorp, Inc. | 2,896 | 50,188 | |
Tompkins Financial Corp. | 6,518 | 270,041 | |
TowneBank (d) | 18,594 | 270,357 | |
Trico Bancshares | 12,062 | 205,657 | |
Trustmark Corp. | 94,171 | 2,156,516 | |
U.S. Bancorp | 1,760,333 | 59,816,115 | |
UMB Financial Corp. | 29,731 | 1,355,436 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,121,267 | |
Union/First Market Bankshares Corp. | 16,413 | 297,896 | |
United Bankshares, Inc., West Virginia (d) | 35,646 | 926,796 | |
United Community Banks, Inc., Georgia (a) | 43,617 | 469,755 | |
Univest Corp. of Pennsylvania | 10,023 | 166,282 | |
Valley National Bancorp (d) | 184,448 | 1,850,013 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 509,205 | |
Washington Banking Co., Oak Harbor | 5,615 | 77,150 | |
Washington Trust Bancorp, Inc. | 15,489 | 409,529 | |
Webster Financial Corp. | 85,199 | 1,876,082 | |
Wells Fargo & Co. | 4,595,089 | 161,195,722 | |
WesBanco, Inc. | 21,334 | 499,002 | |
West Bancorp., Inc. | 1,202 | 13,306 | |
West Coast Bancorp | 13,663 | 321,081 | |
Westamerica Bancorp. | 22,409 | 991,598 | |
Western Alliance Bancorp. (a)(d) | 61,889 | 823,124 | |
Wilshire Bancorp, Inc. (a) | 41,540 | 243,840 | |
Wintrust Financial Corp. (d) | 33,573 | 1,225,415 | |
Zions Bancorporation | 180,863 | 4,366,033 | |
| 478,962,888 | ||
Consumer Finance - 0.8% | |||
American Express Co. | 908,418 | 56,458,179 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 57,085 | |
Asta Funding, Inc. | 4,468 | 42,982 | |
Atlanticus Holdings Corp. (a)(d) | 35,598 | 115,338 | |
Capital One Financial Corp. | 541,201 | 27,617,487 | |
Cash America International, Inc. (d) | 23,667 | 1,198,497 | |
Consumer Portfolio Services, Inc. (a)(d) | 2,464 | 20,328 | |
Credit Acceptance Corp. (a) | 9,077 | 1,003,281 | |
| |||
Shares | Value | ||
DFC Global Corp. (a)(d) | 43,285 | $ 808,564 | |
Discover Financial Services | 473,884 | 18,258,751 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 477,528 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 48,356 | 1,000,002 | |
First Cash Financial Services, Inc. (a)(d) | 28,920 | 1,530,157 | |
First Marblehead Corp. (a)(d) | 51,880 | 45,551 | |
Green Dot Corp. Class A (a) | 44,284 | 620,862 | |
Imperial Holdings, Inc. (a)(d) | 16,708 | 66,832 | |
Nelnet, Inc. Class A | 22,213 | 737,027 | |
Netspend Holdings, Inc. (a) | 44,711 | 708,669 | |
Portfolio Recovery Associates, Inc. (a)(d) | 16,868 | 1,972,291 | |
SLM Corp. | 416,481 | 7,900,645 | |
World Acceptance Corp. (a)(d) | 15,268 | 1,201,592 | |
| 121,841,648 | ||
Diversified Financial Services - 3.0% | |||
Bank of America Corp. | 10,096,598 | 113,384,796 | |
CBOE Holdings, Inc. | 75,768 | 2,721,587 | |
Citigroup, Inc. | 2,746,452 | 115,268,590 | |
CME Group, Inc. | 287,473 | 17,196,635 | |
Gain Capital Holdings, Inc. | 15,735 | 69,863 | |
Interactive Brokers Group, Inc. | 35,966 | 529,060 | |
IntercontinentalExchange, Inc. (a)(d) | 65,579 | 10,152,941 | |
JPMorgan Chase & Co. | 3,552,220 | 173,774,602 | |
Leucadia National Corp. (d) | 274,854 | 7,393,573 | |
Life Partners Holdings, Inc. (d) | 18,668 | 74,299 | |
MarketAxess Holdings, Inc. (d) | 38,326 | 1,497,014 | |
Marlin Business Services Corp. | 13,319 | 252,395 | |
McGraw-Hill Companies, Inc. | 257,711 | 11,996,447 | |
MicroFinancial, Inc. | 86 | 634 | |
Moody's Corp. (d) | 180,684 | 8,683,673 | |
MSCI, Inc. Class A (a)(d) | 121,379 | 4,021,286 | |
NewStar Financial, Inc. (a)(d) | 27,065 | 366,189 | |
NYSE Euronext | 235,811 | 8,791,034 | |
PHH Corp. (a)(d) | 45,131 | 948,202 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 394,601 | |
Resource America, Inc. Class A | 2,362 | 21,045 | |
The NASDAQ Stock Market, Inc. | 124,702 | 3,948,065 | |
Vector Capital Corp. rights (a) | 4,280 | 0 | |
| 481,486,531 | ||
Insurance - 4.2% | |||
ACE Ltd. | 311,412 | 26,591,471 | |
AFLAC, Inc. | 437,110 | 21,833,645 | |
Alleghany Corp. | 16,625 | 6,282,089 | |
Allied World Assurance Co. Holdings Ltd. | 33,827 | 2,970,349 | |
Allstate Corp. | 443,988 | 20,432,328 | |
American Equity Investment Life Holding Co. (d) | 51,311 | 712,197 | |
American Financial Group, Inc. | 76,865 | 3,378,985 | |
American International Group, Inc. (a) | 1,380,642 | 52,478,202 | |
American National Insurance Co. | 11,975 | 962,431 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 61,053 | |
Amerisafe, Inc. (d) | 28,834 | 940,565 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Amtrust Financial Services, Inc. (d) | 26,184 | $ 870,618 | |
Aon PLC | 293,587 | 17,935,230 | |
Arch Capital Group Ltd. (a)(d) | 122,181 | 6,001,531 | |
Argo Group International Holdings, Ltd. | 29,792 | 1,131,500 | |
Arthur J. Gallagher & Co. | 116,853 | 4,496,503 | |
Aspen Insurance Holdings Ltd. | 68,795 | 2,466,989 | |
Assurant, Inc. | 95,115 | 3,993,879 | |
Assured Guaranty Ltd. | 183,926 | 3,433,898 | |
Axis Capital Holdings Ltd. | 106,761 | 4,348,376 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 118,406 | |
Berkshire Hathaway, Inc. Class B (a) | 1,707,202 | 174,407,756 | |
Brown & Brown, Inc. | 116,705 | 3,501,150 | |
Cincinnati Financial Corp. | 161,273 | 7,258,898 | |
Citizens, Inc. Class A (a)(d) | 31,937 | 293,501 | |
CNA Financial Corp. | 51,802 | 1,633,835 | |
CNO Financial Group, Inc. | 187,983 | 2,056,534 | |
Crawford & Co. Class B | 10,464 | 86,433 | |
Donegal Group, Inc. Class A | 4,528 | 65,294 | |
Eastern Insurance Holdings, Inc. | 901 | 16,777 | |
eHealth, Inc. (a) | 26,343 | 409,107 | |
EMC Insurance Group | 5,816 | 149,704 | |
Employers Holdings, Inc. | 36,335 | 763,398 | |
Endurance Specialty Holdings Ltd. (d) | 33,058 | 1,455,874 | |
Enstar Group Ltd. (a) | 9,122 | 1,143,351 | |
Erie Indemnity Co. Class A | 24,672 | 1,805,990 | |
Everest Re Group Ltd. | 47,316 | 5,896,047 | |
FBL Financial Group, Inc. Class A | 12,986 | 471,911 | |
Federated National Holding Co. | 1,278 | 7,272 | |
Fidelity National Financial, Inc. Class A | 187,810 | 4,683,981 | |
First Acceptance Corp. (a) | 4,055 | 4,663 | |
First American Financial Corp. | 99,791 | 2,423,923 | |
Fortegra Financial Corp. (a) | 10,670 | 96,564 | |
Genworth Financial, Inc. Class A (a) | 453,375 | 3,871,823 | |
Global Indemnity PLC (a) | 13,709 | 316,678 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 409,171 | |
Hallmark Financial Services, Inc. (a) | 10,337 | 93,653 | |
Hanover Insurance Group, Inc. | 48,173 | 2,056,024 | |
Hartford Financial Services Group, Inc. (d) | 404,630 | 9,553,314 | |
HCC Insurance Holdings, Inc. | 77,118 | 3,084,720 | |
Health Insurance Innovations | 4,900 | 61,201 | |
Hilltop Holdings, Inc. (a)(d) | 54,392 | 698,393 | |
Homeowners Choice, Inc. (d) | 3,589 | 72,354 | |
Horace Mann Educators Corp. | 37,921 | 775,864 | |
Independence Holding Co. | 16,014 | 151,973 | |
Infinity Property & Casualty Corp. | 13,372 | 751,373 | |
Investors Title Co. | 1,086 | 71,600 | |
Kansas City Life Insurance Co. | 2,863 | 106,847 | |
Kemper Corp. | 45,013 | 1,424,211 | |
Lincoln National Corp. | 257,619 | 7,610,065 | |
Loews Corp. | 308,435 | 13,296,633 | |
| |||
Shares | Value | ||
Maiden Holdings Ltd. | 73,970 | $ 745,618 | |
Markel Corp. (a) | 8,688 | 4,200,214 | |
Marsh & McLennan Companies, Inc. | 499,497 | 18,551,319 | |
MBIA, Inc. (a)(d) | 133,617 | 1,292,076 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 328,941 | |
Mercury General Corp. | 32,057 | 1,246,056 | |
MetLife, Inc. | 1,021,419 | 36,199,089 | |
Montpelier Re Holdings Ltd. | 62,043 | 1,533,703 | |
National Financial Partners Corp. (a)(d) | 57,169 | 1,123,943 | |
National Interstate Corp. | 7,859 | 261,548 | |
National Western Life Insurance Co. Class A (d) | 2,078 | 338,423 | |
Navigators Group, Inc. (a) | 15,156 | 851,161 | |
Old Republic International Corp. | 205,421 | 2,467,106 | |
OneBeacon Insurance Group Ltd. | 20,572 | 275,048 | |
PartnerRe Ltd. | 55,220 | 4,927,833 | |
Phoenix Companies, Inc. (a) | 3,067 | 76,982 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,740,228 | |
Primerica, Inc. | 38,359 | 1,207,158 | |
Principal Financial Group, Inc. | 266,275 | 8,416,953 | |
ProAssurance Corp. | 50,156 | 2,351,815 | |
Progressive Corp. (d) | 507,847 | 12,371,153 | |
Protective Life Corp. | 78,222 | 2,496,846 | |
Prudential Financial, Inc. | 429,423 | 23,863,036 | |
Reinsurance Group of America, Inc. | 67,866 | 3,902,295 | |
RenaissanceRe Holdings Ltd. | 38,496 | 3,366,090 | |
RLI Corp. | 13,036 | 898,702 | |
Safety Insurance Group, Inc. | 14,899 | 700,253 | |
Selective Insurance Group, Inc. | 42,720 | 950,093 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,490,128 | |
State Auto Financial Corp. | 6,222 | 104,530 | |
Stewart Information Services Corp. (d) | 21,434 | 496,197 | |
Symetra Financial Corp. | 63,181 | 832,094 | |
The Chubb Corp. | 243,401 | 20,452,986 | |
The Travelers Companies, Inc. | 352,417 | 28,341,375 | |
Torchmark Corp. | 96,240 | 5,407,726 | |
Tower Group, Inc. | 56,423 | 1,052,289 | |
United Fire Group, Inc. | 20,054 | 492,927 | |
Universal Insurance Holdings, Inc. | 15,547 | 68,251 | |
Unum Group | 290,729 | 7,114,139 | |
Validus Holdings Ltd. | 96,782 | 3,448,343 | |
W.R. Berkley Corp. | 93,123 | 3,864,605 | |
White Mountains Insurance Group Ltd. | 5,736 | 3,240,840 | |
XL Group PLC Class A | 291,212 | 8,340,312 | |
| 655,908,529 | ||
Real Estate Investment Trusts - 3.6% | |||
Acadia Realty Trust (SBI) (d) | 43,554 | 1,172,474 | |
AG Mortgage Investment Trust, Inc. | 18,957 | 497,242 | |
Agree Realty Corp. | 17,794 | 499,478 | |
Alexanders, Inc. | 2,701 | 876,475 | |
Alexandria Real Estate Equities, Inc. | 58,761 | 4,180,258 | |
American Assets Trust, Inc. | 30,756 | 929,754 | |
American Campus Communities, Inc. | 100,126 | 4,525,695 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Capital Agency Corp. (d) | 317,049 | $ 10,056,794 | |
American Capital Mortgage Investment Corp. | 52,567 | 1,350,972 | |
American Realty Capital Properties, Inc. | 7,446 | 98,511 | |
American Tower Corp. | 369,121 | 28,643,790 | |
Annaly Capital Management, Inc. (d) | 903,030 | 13,987,935 | |
Anworth Mortgage Asset Corp. (d) | 251,516 | 1,534,248 | |
Apartment Investment & Management Co. Class A | 129,351 | 3,831,377 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 396,785 | |
Apollo Residential Mortgage, Inc. | 12,502 | 279,795 | |
Arbor Realty Trust, Inc. | 29,871 | 236,578 | |
Ares Commercial Real Estate Corp. | 17,618 | 300,035 | |
Armour Residential REIT, Inc. | 350,513 | 2,344,932 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 822,664 | |
Associated Estates Realty Corp. (d) | 41,987 | 733,933 | |
AvalonBay Communities, Inc. | 106,629 | 13,310,498 | |
BioMed Realty Trust, Inc. (d) | 156,049 | 3,295,755 | |
Boston Properties, Inc. | 141,720 | 14,721,874 | |
Brandywine Realty Trust (SBI) (d) | 117,771 | 1,619,351 | |
BRE Properties, Inc. | 68,958 | 3,352,048 | |
BRT Realty Trust (a) | 5,568 | 41,259 | |
Camden Property Trust (SBI) | 76,966 | 5,321,429 | |
Campus Crest Communities, Inc. (d) | 32,807 | 411,400 | |
Capital Trust, Inc. Class A | 26,388 | 59,637 | |
CapLease, Inc. | 46,796 | 279,840 | |
Capstead Mortgage Corp. | 68,354 | 857,159 | |
CBL & Associates Properties, Inc. (d) | 132,387 | 3,010,480 | |
Cedar Shopping Centers, Inc. | 59,877 | 343,694 | |
Chatham Lodging Trust | 14,263 | 234,769 | |
Chesapeake Lodging Trust | 44,367 | 955,222 | |
Chimera Investment Corp. | 1,225,514 | 3,652,032 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,586,169 | |
Colony Financial, Inc. | 46,259 | 1,024,637 | |
CommonWealth REIT (d) | 92,858 | 2,344,665 | |
Coresite Realty Corp. | 24,333 | 788,389 | |
Corporate Office Properties Trust (SBI) (d) | 70,447 | 1,822,464 | |
Cousins Properties, Inc. (d) | 110,370 | 1,072,796 | |
Crexus Investment Corp. | 67,523 | 898,731 | |
CubeSmart (d) | 102,102 | 1,504,983 | |
CyrusOne, Inc. | 16,200 | 345,222 | |
Cys Investments, Inc. (d) | 154,865 | 1,836,699 | |
DCT Industrial Trust, Inc. (d) | 235,284 | 1,708,162 | |
DDR Corp. | 287,291 | 4,961,516 | |
DiamondRock Hospitality Co. | 161,462 | 1,443,470 | |
Digital Realty Trust, Inc. | 112,771 | 7,553,402 | |
Douglas Emmett, Inc. (d) | 131,928 | 3,233,555 | |
Duke Realty LP (d) | 288,029 | 4,654,549 | |
DuPont Fabros Technology, Inc. (d) | 100,616 | 2,330,267 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,373,666 | |
| |||
Shares | Value | ||
Education Realty Trust, Inc. | 93,993 | $ 1,025,464 | |
EPR Properties (d) | 65,817 | 3,211,211 | |
Equity Lifestyle Properties, Inc. | 37,774 | 2,783,566 | |
Equity One, Inc. | 59,709 | 1,403,759 | |
Equity Residential (SBI) | 300,187 | 16,522,292 | |
Essex Property Trust, Inc. (d) | 31,185 | 4,646,253 | |
Excel Trust, Inc. (d) | 30,162 | 380,343 | |
Extra Space Storage, Inc. | 91,185 | 3,413,966 | |
Federal Realty Investment Trust (SBI) | 65,716 | 6,979,696 | |
FelCor Lodging Trust, Inc. (a) | 200,216 | 1,005,084 | |
First Industrial Realty Trust, Inc. (d) | 73,033 | 1,159,034 | |
First Potomac Realty Trust (d) | 52,713 | 744,835 | |
Franklin Street Properties Corp. (d) | 68,554 | 942,618 | |
General Growth Properties, Inc. (d) | 418,652 | 8,012,999 | |
Getty Realty Corp. (d) | 23,628 | 469,725 | |
Gladstone Commercial Corp. | 10,709 | 203,043 | |
Glimcher Realty Trust (d) | 117,715 | 1,325,471 | |
Government Properties Income Trust (d) | 38,181 | 1,010,269 | |
Gramercy Capital Corp. (a) | 85,386 | 326,175 | |
Gyrodyne Co. of America, Inc. | 302 | 22,475 | |
Hatteras Financial Corp. | 121,103 | 3,232,239 | |
HCP, Inc. | 421,332 | 20,594,708 | |
Health Care REIT, Inc. | 238,305 | 15,284,883 | |
Healthcare Realty Trust, Inc. (d) | 75,869 | 2,018,115 | |
Healthcare Trust of America, Inc. | 41,271 | 473,791 | |
Hersha Hospitality Trust | 166,640 | 934,850 | |
Highwoods Properties, Inc. (SBI) (d) | 58,977 | 2,152,661 | |
Home Properties, Inc. | 43,481 | 2,714,084 | |
Hospitality Properties Trust (SBI) (d) | 104,935 | 2,801,765 | |
Host Hotels & Resorts, Inc. | 659,203 | 10,988,914 | |
Hudson Pacific Properties, Inc. | 39,210 | 884,970 | |
Inland Real Estate Corp. | 58,987 | 569,814 | |
Invesco Mortgage Capital, Inc. (d) | 122,202 | 2,568,686 | |
Investors Real Estate Trust (d) | 69,850 | 664,274 | |
iStar Financial, Inc. (a) | 71,516 | 714,445 | |
JAVELIN Mortgage Investment Corp. | 7,375 | 141,453 | |
Kilroy Realty Corp. | 69,106 | 3,646,033 | |
Kimco Realty Corp. (d) | 365,383 | 7,954,388 | |
Kite Realty Group Trust | 62,068 | 409,028 | |
LaSalle Hotel Properties (SBI) | 89,618 | 2,275,401 | |
Lexington Corporate Properties Trust (d) | 130,150 | 1,491,519 | |
Liberty Property Trust (SBI) (d) | 101,740 | 3,946,495 | |
LTC Properties, Inc. | 26,907 | 1,037,803 | |
Mack-Cali Realty Corp. (d) | 78,978 | 2,241,396 | |
Medical Properties Trust, Inc. | 109,056 | 1,583,493 | |
MFA Financial, Inc. | 335,157 | 2,976,194 | |
MHI Hospitality Corp. | 2,721 | 11,673 | |
Mid-America Apartment Communities, Inc. (d) | 43,592 | 3,027,028 | |
Monmouth Real Estate Investment Corp. Class A | 35,864 | 400,242 | |
MPG Office Trust, Inc. (a)(d) | 145,580 | 377,052 | |
National Health Investors, Inc. (d) | 21,683 | 1,405,058 | |
National Retail Properties, Inc. (d) | 95,841 | 3,301,722 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
New York Mortgage Trust, Inc. (d) | 42,080 | $ 296,243 | |
NorthStar Realty Finance Corp. | 126,141 | 1,128,962 | |
Omega Healthcare Investors, Inc. (d) | 98,005 | 2,743,160 | |
One Liberty Properties, Inc. | 11,261 | 244,589 | |
Parkway Properties, Inc. | 31,704 | 536,115 | |
Pebblebrook Hotel Trust (d) | 47,465 | 1,134,888 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 988,256 | |
PennyMac Mortgage Investment Trust (d) | 49,995 | 1,270,873 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | 2,927,649 | |
Plum Creek Timber Co., Inc. | 155,723 | 7,552,566 | |
PMC Commercial Trust | 8,500 | 59,585 | |
Post Properties, Inc. | 47,292 | 2,257,720 | |
Potlatch Corp. | 34,281 | 1,508,707 | |
Power (REIT) | 718 | 7,611 | |
Prologis, Inc. | 433,925 | 16,897,040 | |
PS Business Parks, Inc. | 16,465 | 1,218,245 | |
Public Storage | 135,985 | 20,562,292 | |
RAIT Financial Trust | 83,839 | 606,994 | |
Ramco-Gershenson Properties Trust (SBI) | 36,987 | 584,395 | |
Rayonier, Inc. (d) | 116,685 | 6,519,191 | |
Realty Income Corp. | 165,752 | 7,566,579 | |
Redwood Trust, Inc. | 89,769 | 1,818,720 | |
Regency Centers Corp. (d) | 90,033 | 4,670,912 | |
Resource Capital Corp. | 86,728 | 589,750 | |
Retail Opportunity Investments Corp. (d) | 70,350 | 908,219 | |
Retail Properties America, Inc. (d) | 28,399 | 420,305 | |
RLJ Lodging Trust | 96,663 | 2,067,622 | |
Rouse Properties, Inc. (d) | 17,327 | 287,801 | |
Ryman Hospitality Properties, Inc. (d) | 46,451 | 2,078,682 | |
Sabra Health Care REIT, Inc. (d) | 44,632 | 1,179,624 | |
Saul Centers, Inc. | 11,025 | 482,454 | |
Select Income (REIT) | 15,485 | 430,638 | |
Senior Housing Properties Trust (SBI) | 173,790 | 4,360,391 | |
Silver Bay Realty Trust Corp. (d) | 15,000 | 306,300 | |
Simon Property Group, Inc. | 289,740 | 46,028,096 | |
SL Green Realty Corp. (d) | 83,735 | 6,834,451 | |
Sovran Self Storage, Inc. | 24,309 | 1,478,960 | |
Spirit Realty Capital, Inc. (d) | 28,497 | 567,660 | |
Stag Industrial, Inc. (d) | 38,576 | 818,197 | |
Starwood Property Trust, Inc. | 118,310 | 3,306,765 | |
Strategic Hotel & Resorts, Inc. (a) | 334,781 | 2,437,206 | |
Summit Hotel Properties, Inc. | 38,502 | 369,619 | |
Sun Communities, Inc. | 36,167 | 1,682,851 | |
Sunstone Hotel Investors, Inc. (a) | 148,041 | 1,677,305 | |
Supertel Hospitality, Inc., Maryland (a) | 5,631 | 6,363 | |
Tanger Factory Outlet Centers, Inc. (d) | 79,590 | 2,808,731 | |
Taubman Centers, Inc. (d) | 52,569 | 4,033,094 | |
Terreno Realty Corp. | 12,136 | 217,234 | |
The Geo Group, Inc. | 66,308 | 2,290,278 | |
| |||
Shares | Value | ||
The Macerich Co. (d) | 126,640 | $ 7,612,330 | |
Two Harbors Investment Corp. | 262,968 | 3,381,768 | |
UDR, Inc. (d) | 225,065 | 5,370,051 | |
UMH Properties, Inc. | 10,346 | 103,667 | |
Universal Health Realty Income Trust (SBI) (d) | 13,491 | 770,471 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 561,741 | |
Ventas, Inc. | 276,442 | 19,566,565 | |
Vornado Realty Trust | 159,312 | 12,778,416 | |
Washington (REIT) (SBI) | 61,934 | 1,714,952 | |
Weingarten Realty Investors (SBI) | 108,015 | 3,310,660 | |
Western Asset Mortgage Capital Corp. | 17,996 | 386,734 | |
Weyerhaeuser Co. | 503,112 | 14,796,524 | |
Whitestone REIT Class B | 2,558 | 37,731 | |
Winthrop Realty Trust | 19,884 | 249,544 | |
WP Carey, Inc. (d) | 56,109 | 3,343,535 | |
ZAIS Financial Corp. (d) | 6,000 | 120,420 | |
| 572,536,966 | ||
Real Estate Management & Development - 0.1% | |||
Alexander & Baldwin, Inc. | 43,253 | 1,523,803 | |
American Spectrum Realty, Inc. (a) | 1,984 | 3,789 | |
AV Homes, Inc. (a) | 12,051 | 181,006 | |
CBRE Group, Inc. (a) | 275,685 | 6,663,306 | |
Consolidated-Tomoka Land Co. (d) | 2,432 | 82,810 | |
Forest City Enterprises, Inc. Class A (a)(d) | 131,291 | 2,105,908 | |
Forestar Group, Inc. (a)(d) | 31,999 | 557,423 | |
Howard Hughes Corp. (a) | 24,658 | 1,893,488 | |
Jones Lang LaSalle, Inc. | 35,580 | 3,438,451 | |
Kennedy-Wilson Holdings, Inc. (d) | 35,815 | 575,547 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 125,866 | |
Realogy Holdings Corp. | 39,674 | 1,779,379 | |
Tejon Ranch Co. (a) | 11,342 | 332,321 | |
The St. Joe Co. (a)(d) | 111,664 | 2,490,107 | |
Thomas Properties Group, Inc. | 22,789 | 118,731 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 106,797 | |
Zillow, Inc. (a)(d) | 16,135 | 693,160 | |
ZipRealty, Inc. (a) | 19,987 | 76,750 | |
| 22,748,642 | ||
Thrifts & Mortgage Finance - 0.3% | |||
Astoria Financial Corp. (d) | 69,632 | 681,001 | |
Bank Mutual Corp. | 56,001 | 320,326 | |
BankFinancial Corp. | 19,300 | 154,014 | |
BBX Capital Corp. (a)(d) | 18,261 | 147,549 | |
Beneficial Mutual Bancorp, Inc. (a) | 37,525 | 359,865 | |
Berkshire Hills Bancorp, Inc. | 17,169 | 417,207 | |
BofI Holding, Inc. (a)(d) | 11,427 | 384,747 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 791,008 | |
Camco Financial Corp. (a) | 347 | 1,270 | |
Cape Bancorp, Inc. | 2,611 | 23,734 | |
Capitol Federal Financial, Inc. | 173,299 | 2,050,127 | |
CFS Bancorp, Inc. | 688 | 5,270 | |
Charter Financial Corp., Georgia | 1,200 | 14,772 | |
Chicopee Bancorp, Inc. | 1,816 | 28,584 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Clifton Savings Bancorp, Inc. (d) | 15,589 | $ 176,156 | |
Dime Community Bancshares, Inc. | 51,879 | 737,201 | |
Doral Financial Corp. (a) | 159,443 | 90,803 | |
ESB Financial Corp. | 7,915 | 108,673 | |
ESSA Bancorp, Inc. | 4,298 | 47,493 | |
EverBank Financial Corp. | 16,362 | 247,066 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 300,173 | |
First Defiance Financial Corp. | 6,145 | 138,385 | |
First Financial Holdings, Inc. | 12,257 | 244,650 | |
First Financial Northwest, Inc. (a) | 2,197 | 17,422 | |
First PacTrust Bancorp, Inc. (d) | 4,303 | 44,192 | |
Flagstar Bancorp, Inc. (a)(d) | 37,206 | 505,630 | |
Flushing Financial Corp. | 47,044 | 743,295 | |
Fox Chase Bancorp, Inc. | 14,307 | 239,213 | |
Franklin Financial Corp./VA | 16,347 | 291,957 | |
HF Financial Corp. | 2,735 | 36,758 | |
Hingham Institution for Savings | 1,505 | 105,290 | |
Home Federal Bancorp, Inc. | 9,753 | 112,160 | |
HomeStreet, Inc. | 7,892 | 197,142 | |
Hudson City Bancorp, Inc. | 532,335 | 4,535,494 | |
IF Bancorp, Inc. (a) | 3,112 | 46,711 | |
Impac Mortgage Holdings, Inc. (a)(d) | 5,393 | 60,941 | |
Kearny Financial Corp. | 2,196 | 21,938 | |
Madison County Financial, Inc. (a) | 4,682 | 75,006 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 13,568 | |
MGIC Investment Corp. (a)(d) | 156,364 | 465,965 | |
NASB Financial, Inc. (a) | 1,203 | 26,719 | |
Nationstar Mortgage Holdings, Inc. (d) | 18,397 | 708,836 | |
New York Community Bancorp, Inc. | 408,522 | 5,515,047 | |
Northfield Bancorp, Inc. | 13,855 | 157,670 | |
Northwest Bancshares, Inc. | 92,094 | 1,150,254 | |
OceanFirst Financial Corp. | 5,851 | 81,563 | |
Ocwen Financial Corp. (a) | 108,754 | 4,287,083 | |
Oritani Financial Corp. | 26,763 | 393,684 | |
People's United Financial, Inc. | 329,770 | 4,319,987 | |
Peoples Federal Bancshares, Inc. | 1,156 | 20,669 | |
Poage Bankshares, Inc. | 2,365 | 33,228 | |
Provident Financial Holdings, Inc. | 3,066 | 52,429 | |
Provident Financial Services, Inc. | 56,391 | 845,301 | |
Provident New York Bancorp | 44,223 | 397,123 | |
PVF Capital Corp. (a) | 11,916 | 44,447 | |
Radian Group, Inc. (d) | 110,991 | 977,831 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,263 | |
Rockville Financial, Inc. | 5,182 | 66,641 | |
Security National Financial Corp. Class A | 9,669 | 74,548 | |
Simplicity Bancorp, Inc. | 10,338 | 157,551 | |
Territorial Bancorp, Inc. | 13,244 | 308,850 | |
TFS Financial Corp. (a) | 149,374 | 1,569,921 | |
Timberland Bancorp, Inc. | 5,034 | 41,581 | |
Tree.com, Inc. | 3,275 | 57,083 | |
| |||
Shares | Value | ||
Trustco Bank Corp., New York | 73,043 | $ 380,554 | |
United Community Financial Corp., Ohio (a) | 11,112 | 37,336 | |
United Financial Bancorp, Inc. | 9,158 | 136,912 | |
ViewPoint Financial Group (d) | 25,777 | 537,450 | |
Walker & Dunlop, Inc. (a) | 10,954 | 232,225 | |
Washington Federal, Inc. | 99,759 | 1,750,770 | |
Westfield Financial, Inc. | 28,907 | 225,186 | |
WSFS Financial Corp. | 10,396 | 493,810 | |
| 40,080,308 | ||
TOTAL FINANCIALS | 2,687,885,279 | ||
HEALTH CARE - 11.8% | |||
Biotechnology - 2.0% | |||
Aastrom Biosciences, Inc. (a) | 78,454 | 95,714 | |
ACADIA Pharmaceuticals, Inc. (a)(d) | 51,353 | 311,713 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 52,411 | 424,529 | |
Acorda Therapeutics, Inc. (a) | 35,775 | 1,064,306 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 29,390 | 22,336 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 538,546 | |
Affymax, Inc. (a)(d) | 50,245 | 133,652 | |
Agenus, Inc. (a)(d) | 7,526 | 32,211 | |
Alexion Pharmaceuticals, Inc. (a) | 182,104 | 15,795,701 | |
Alkermes PLC (a)(d) | 133,044 | 2,888,385 | |
Allos Therapeutics, Inc. rights | 74,291 | 1 | |
Alnylam Pharmaceuticals, Inc. (a) | 51,923 | 1,230,056 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 31,420 | 520,001 | |
Amgen, Inc. | 719,672 | 65,785,218 | |
Amicus Therapeutics, Inc. (a)(d) | 25,384 | 68,029 | |
Anacor Pharmaceuticals, Inc. (a)(d) | 15,721 | 54,709 | |
Anthera Pharmaceuticals, Inc. (a)(d) | 45,190 | 27,566 | |
Arena Pharmaceuticals, Inc. (a)(d) | 201,800 | 1,693,102 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 169,376 | 3,561,977 | |
ArQule, Inc. (a)(d) | 65,290 | 160,613 | |
Array Biopharma, Inc. (a) | 101,050 | 393,085 | |
Arrowhead Research Corp. (a) | 3,000 | 6,450 | |
Astex Pharmaceuticals, Inc. (a) | 71,219 | 232,174 | |
Athersys, Inc. (a)(d) | 40,391 | 61,394 | |
AVEO Pharmaceuticals, Inc. (a) | 43,200 | 288,144 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 40,934 | 49,121 | |
Biogen Idec, Inc. (a) | 221,141 | 36,784,594 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 116,539 | 6,755,766 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 283,666 | |
Biospecifics Technologies Corp. (a)(d) | 1,441 | 22,624 | |
Biota Pharmaceuticals, Inc. | 5,848 | 23,334 | |
BioTime, Inc. (a)(d) | 32,076 | 135,040 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 31,116 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 25,961 | 11,638 | |
Cel-Sci Corp. (a)(d) | 283,400 | 75,044 | |
Celgene Corp. (a) | 397,861 | 41,051,298 | |
Cell Therapeutics, Inc. (a) | 40,400 | 54,136 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a)(d) | 77,285 | $ 735,753 | |
Celsion Corp. (a)(d) | 34,856 | 33,810 | |
Cepheid, Inc. (a)(d) | 63,653 | 2,318,879 | |
Chelsea Therapeutics International Ltd. (a) | 75,408 | 119,145 | |
ChemoCentryx, Inc. (d) | 4,508 | 60,813 | |
Cleveland Biolabs, Inc. (a)(d) | 35,489 | 55,008 | |
Clovis Oncology, Inc. (a)(d) | 12,909 | 243,464 | |
Codexis, Inc. (a) | 21,294 | 44,079 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 78,551 | |
Cubist Pharmaceuticals, Inc. (a) | 68,221 | 2,894,617 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a) | 51,867 | 139,522 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 11,529 | 63,755 | |
Cytokinetics, Inc. (d) | 74,661 | 74,512 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 177,449 | |
CytRx Corp. (a)(d) | 25,756 | 54,088 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 8,595 | |
Dendreon Corp. (a)(d) | 131,169 | 759,469 | |
Discovery Laboratories, Inc. (a) | 38,893 | 95,677 | |
Durata Therapeutics, Inc. (d) | 7,156 | 61,184 | |
Dyax Corp. (a)(d) | 62,562 | 200,824 | |
Dynavax Technologies Corp. (a)(d) | 164,055 | 334,672 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 286,766 | |
EntreMed, Inc. (a) | 289 | 853 | |
Enzon Pharmaceuticals, Inc. (d) | 43,430 | 183,709 | |
Exact Sciences Corp. (a)(d) | 55,499 | 592,729 | |
Exelixis, Inc. (a)(d) | 160,939 | 733,882 | |
Galena Biopharma, Inc. (a)(d) | 57,499 | 109,823 | |
Genomic Health, Inc. (a)(d) | 14,126 | 404,710 | |
GenVec, Inc. (a) | 8,140 | 13,594 | |
Geron Corp. (a)(d) | 128,101 | 187,027 | |
Gilead Sciences, Inc. (a) | 1,419,039 | 60,607,156 | |
GTx, Inc. (a)(d) | 19,627 | 89,303 | |
Halozyme Therapeutics, Inc. (a)(d) | 76,082 | 415,408 | |
Hemispherx Biopharma, Inc. (a) | 130,774 | 28,770 | |
Hyperion Therapeutics, Inc. | 5,781 | 105,445 | |
iBio, Inc. (a)(d) | 40,361 | 25,629 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 86,105 | 362,502 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 5,571 | |
ImmunoCellular Therapeutics Ltd. (a)(d) | 41,923 | 106,484 | |
ImmunoGen, Inc. (a)(d) | 69,033 | 1,047,231 | |
Immunomedics, Inc. (a)(d) | 54,782 | 125,999 | |
Incyte Corp. (a)(d) | 120,183 | 2,668,063 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 35,540 | 1,467,447 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 88,089 | 60,781 | |
Insmed, Inc. (a)(d) | 12,114 | 74,622 | |
Intercept Pharmaceuticals, Inc. | 4,951 | 193,188 | |
InterMune, Inc. (a) | 73,941 | 655,857 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 75,886 | 1,132,978 | |
| |||
Shares | Value | ||
Isis Pharmaceuticals, Inc. (a)(d) | 87,255 | $ 1,282,649 | |
IsoRay, Inc. (a) | 31,040 | 16,420 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 424,907 | |
KYTHERA Biopharmaceuticals, Inc. | 4,269 | 111,250 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 482,347 | 950,224 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 344,148 | |
Lpath, Inc. (a) | 7,871 | 33,373 | |
MannKind Corp. (a)(d) | 137,962 | 353,183 | |
Maxygen, Inc. | 47,150 | 115,046 | |
Medgenics, Inc. (a) | 4,479 | 22,395 | |
Medivation, Inc. (a)(d) | 72,462 | 3,560,783 | |
Merrimack Pharmaceuticals, Inc. | 9,271 | 59,334 | |
Metabolix, Inc. (a)(d) | 41,636 | 101,175 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 548,279 | |
Myriad Genetics, Inc. (a) | 72,302 | 1,837,917 | |
Nanosphere, Inc. (a)(d) | 36,229 | 70,647 | |
Neuralstem, Inc. (a)(d) | 54,208 | 57,460 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 535,919 | |
NewLink Genetics Corp. (a)(d) | 12,482 | 146,913 | |
Novavax, Inc. (a) | 79,584 | 144,843 | |
NPS Pharmaceuticals, Inc. (a) | 67,196 | 536,224 | |
OncoGenex Pharmaceuticals, Inc. (a) | 10,565 | 125,618 | |
Oncothyreon, Inc. (a)(d) | 43,661 | 90,378 | |
Onyx Pharmaceuticals, Inc. (a)(d) | 66,929 | 5,040,423 | |
Opexa Therapeutics, Inc. (a)(d) | 5,726 | 10,994 | |
Opko Health, Inc. (a)(d) | 116,016 | 805,151 | |
Orexigen Therapeutics, Inc. (a) | 56,897 | 339,106 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 119,559 | |
OXiGENE, Inc. (a) | 561 | 2,311 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 7,690 | |
Palatin Technologies, Inc. (a) | 9,275 | 5,657 | |
PDL BioPharma, Inc. (d) | 108,271 | 773,055 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 84,902 | 110,373 | |
Pharmacyclics, Inc. (a)(d) | 52,344 | 4,594,756 | |
PharmAthene, Inc. (a)(d) | 51,372 | 66,784 | |
Progenics Pharmaceuticals, Inc. (a) | 25,311 | 66,821 | |
Puma Biotechnology, Inc. (d) | 7,873 | 202,415 | |
Raptor Pharmaceutical Corp. (a)(d) | 28,926 | 143,762 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 70,954 | 11,849,318 | |
Regulus Therapeutics, Inc. (d) | 11,075 | 57,036 | |
Repligen Corp. (a)(d) | 22,058 | 137,421 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 13,950 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 75,480 | 507,226 | |
Sangamo Biosciences, Inc. (a)(d) | 44,798 | 456,492 | |
Sarepta Therapeutics, Inc. (a)(d) | 28,140 | 823,658 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 82,762 | |
Seattle Genetics, Inc. (a)(d) | 102,878 | 2,894,987 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 312,303 | |
Spectrum Pharmaceuticals, Inc. (d) | 41,659 | 474,913 | |
StemCells, Inc. (a)(d) | 19,840 | 33,926 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 170,396 | |
Synageva BioPharma Corp. (a)(d) | 8,009 | 400,210 | |
Synergy Pharmaceuticals, Inc. (a)(d) | 58,693 | 321,051 | |
Synta Pharmaceuticals Corp. (a) | 35,423 | 304,284 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Synthetic Biologics, Inc. (a)(d) | 46,314 | $ 79,660 | |
Targacept, Inc. (a)(d) | 18,977 | 82,170 | |
Telik, Inc. (a) | 380 | 616 | |
Theravance, Inc. (a)(d) | 59,496 | 1,207,174 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 37,822 | 175,116 | |
Tranzyme, Inc. (a) | 10,681 | 5,652 | |
Trius Therapeutics, Inc. (a)(d) | 26,469 | 138,962 | |
Trovagene, Inc. (a)(d) | 4,592 | 28,241 | |
United Therapeutics Corp. (a)(d) | 48,248 | 2,885,713 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 165,793 | |
Verastem, Inc. (a) | 2,425 | 22,844 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 205,323 | 9,613,223 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a)(d) | 72,501 | 196,478 | |
Zalicus, Inc. (a)(d) | 104,856 | 68,366 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 350,945 | |
| 318,735,341 | ||
Health Care Equipment & Supplies - 2.2% | |||
Abaxis, Inc. (d) | 23,291 | 988,004 | |
Abbott Laboratories | 1,474,067 | 49,808,724 | |
Abiomed, Inc. (a)(d) | 36,354 | 583,118 | |
Accuray, Inc. (a)(d) | 37,835 | 161,555 | |
Alere, Inc. (a) | 62,700 | 1,427,052 | |
Align Technology, Inc. (a)(d) | 70,000 | 2,200,800 | |
Alphatec Holdings, Inc. (a) | 36,801 | 59,986 | |
Analogic Corp. (d) | 12,756 | 946,368 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 326,811 | |
Anika Therapeutics, Inc. (a) | 9,287 | 115,623 | |
Antares Pharma, Inc. (a)(d) | 97,369 | 334,949 | |
ArthroCare Corp. (a) | 20,678 | 722,076 | |
Atossa Genetics, Inc. | 789 | 5,050 | |
Atricure, Inc. (a) | 12,717 | 112,927 | |
Atrion Corp. | 1,172 | 229,993 | |
Bacterin International Holdings, Inc. (a)(d) | 9,747 | 8,821 | |
Baxter International, Inc. | 518,087 | 35,022,681 | |
Becton, Dickinson & Co. | 183,162 | 16,129,246 | |
BioLase Technology, Inc. (d) | 30,401 | 109,748 | |
Boston Scientific Corp. (a) | 1,371,433 | 10,134,890 | |
BSD Medical Corp. (a)(d) | 46,363 | 61,199 | |
C.R. Bard, Inc. | 78,513 | 7,761,010 | |
Cantel Medical Corp. | 32,623 | 1,015,554 | |
Cardica, Inc. (a) | 23,778 | 27,582 | |
Cardiovascular Systems, Inc. (a)(d) | 12,870 | 203,475 | |
CareFusion Corp. (a) | 200,931 | 6,578,481 | |
Cerus Corp. (a)(d) | 50,032 | 164,605 | |
Conceptus, Inc. (a)(d) | 26,951 | 601,816 | |
CONMED Corp. | 19,521 | 607,298 | |
Covidien PLC | 443,714 | 28,206,899 | |
Cryolife, Inc. | 20,961 | 128,491 | |
Cutera, Inc. (a) | 15,449 | 199,292 | |
| |||
Shares | Value | ||
Cyberonics, Inc. (a)(d) | 26,017 | $ 1,190,278 | |
Cynosure, Inc. Class A (a) | 12,701 | 359,819 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 185,842 | |
DENTSPLY International, Inc. | 147,347 | 6,103,113 | |
Derma Sciences, Inc. (a)(d) | 7,901 | 97,419 | |
DexCom, Inc. (a)(d) | 65,323 | 975,272 | |
DynaVox, Inc. Class A (a) | 5,368 | 2,460 | |
Edwards Lifesciences Corp. (a)(d) | 106,727 | 9,171,051 | |
Endologix, Inc. (a)(d) | 46,783 | 704,552 | |
EnteroMedics, Inc. (a) | 21,626 | 18,153 | |
ERBA Diagnostics, Inc. (a) | 3,094 | 2,321 | |
Exactech, Inc. (a) | 3,102 | 57,108 | |
Fonar Corp. (a) | 719 | 3,875 | |
Genmark Diagnostics, Inc. (a)(d) | 17,233 | 179,740 | |
Globus Medical, Inc. (d) | 7,896 | 114,097 | |
Greatbatch, Inc. (a) | 22,320 | 604,202 | |
Haemonetics Corp. (a)(d) | 43,426 | 1,791,323 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 104,209 | |
Hill-Rom Holdings, Inc. | 51,670 | 1,693,743 | |
Hologic, Inc. (a)(d) | 247,079 | 5,393,735 | |
ICU Medical, Inc. (a)(d) | 17,344 | 984,445 | |
IDEXX Laboratories, Inc. (a)(d) | 50,000 | 4,606,000 | |
Insulet Corp. (a)(d) | 55,000 | 1,241,350 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 578,386 | |
Intuitive Surgical, Inc. (a) | 37,346 | 19,042,352 | |
Invacare Corp. | 28,414 | 412,287 | |
Kewaunee Scientific Corp. | 1,376 | 17,998 | |
LeMaitre Vascular, Inc. | 3,845 | 23,455 | |
Mako Surgical Corp. (a)(d) | 32,106 | 410,636 | |
Masimo Corp. (d) | 62,689 | 1,244,377 | |
Medical Action Industries, Inc. (a) | 12,909 | 76,421 | |
Medtronic, Inc. | 949,634 | 42,695,545 | |
MELA Sciences, Inc. (a)(d) | 40,114 | 59,770 | |
Meridian Bioscience, Inc. (d) | 35,455 | 751,646 | |
Merit Medical Systems, Inc. (a) | 29,543 | 352,153 | |
Misonix, Inc. (a) | 2,579 | 14,700 | |
Natus Medical, Inc. (a) | 24,629 | 312,788 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 351,349 | |
Neogen Corp. (a) | 25,237 | 1,181,596 | |
NuVasive, Inc. (a)(d) | 44,714 | 830,339 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 480,553 | |
OraSure Technologies, Inc. (a)(d) | 46,551 | 258,824 | |
Orthofix International NV (a) | 16,427 | 612,070 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
PhotoMedex, Inc. (a)(d) | 6,551 | 96,627 | |
Quidel Corp. (a)(d) | 35,813 | 847,694 | |
ResMed, Inc. (d) | 155,104 | 6,900,577 | |
Retractable Technologies, Inc. (a) | 5,248 | 5,169 | |
Rochester Medical Corp. (a) | 2,100 | 30,996 | |
Rockwell Medical Technologies, Inc. (a)(d) | 7,369 | 32,497 | |
RTI Biologics, Inc. (a) | 29,474 | 106,991 | |
Sirona Dental Systems, Inc. (a) | 48,806 | 3,466,202 | |
Solta Medical, Inc. (a) | 40,698 | 92,791 | |
St. Jude Medical, Inc. (d) | 284,901 | 11,680,941 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Staar Surgical Co. (a) | 15,788 | $ 85,097 | |
Stereotaxis, Inc. (a)(d) | 2,453 | 5,348 | |
Steris Corp. (d) | 82,536 | 3,218,904 | |
Stryker Corp. | 269,553 | 17,219,046 | |
SurModics, Inc. (a) | 19,525 | 495,154 | |
Symmetry Medical, Inc. (a) | 29,367 | 306,298 | |
Synergetics USA, Inc. (a) | 3,622 | 19,269 | |
Teleflex, Inc. | 35,045 | 2,802,198 | |
The Cooper Companies, Inc. | 42,920 | 4,552,095 | |
The Spectranetics Corp. (a)(d) | 29,169 | 529,417 | |
Theragenics Corp. (a) | 22,546 | 36,750 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 14,260 | |
Thoratec Corp. (a) | 57,172 | 2,013,026 | |
TranS1, Inc. (a) | 5,200 | 11,388 | |
Unilife Corp. (a)(d) | 50,575 | 126,943 | |
Urologix, Inc. (a) | 3,267 | 2,189 | |
Uroplasty, Inc. (a) | 1,597 | 3,897 | |
Varian Medical Systems, Inc. (a)(d) | 101,219 | 7,149,098 | |
Vascular Solutions, Inc. (a) | 2,125 | 32,258 | |
Vermillion, Inc. (a) | 5,249 | 6,404 | |
Volcano Corp. (a)(d) | 46,394 | 1,003,966 | |
West Pharmaceutical Services, Inc. | 28,551 | 1,725,051 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 690,199 | |
Zeltiq Aesthetics, Inc. (a)(d) | 6,038 | 24,333 | |
Zimmer Holdings, Inc. | 161,495 | 12,105,665 | |
| 347,888,867 | ||
Health Care Providers & Services - 2.0% | |||
Acadia Healthcare Co., Inc. (a)(d) | 30,637 | 833,939 | |
Accretive Health, Inc. (a)(d) | 42,994 | 411,883 | |
Aetna, Inc. | 311,680 | 14,708,179 | |
Air Methods Corp. (d) | 37,158 | 1,664,307 | |
Alliance Healthcare Services, Inc. (a) | 17,141 | 120,673 | |
Almost Family, Inc. | 9,932 | 204,500 | |
Amedisys, Inc. (a)(d) | 20,047 | 226,531 | |
AmerisourceBergen Corp. | 235,018 | 11,092,850 | |
AMN Healthcare Services, Inc. (a)(d) | 76,320 | 1,076,112 | |
AmSurg Corp. (a) | 25,500 | 770,100 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 199,492 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 845,162 | |
BioScrip, Inc. (a) | 41,738 | 457,031 | |
Brookdale Senior Living, Inc. (a) | 93,728 | 2,594,391 | |
Capital Senior Living Corp. (a) | 26,619 | 612,237 | |
Cardinal Health, Inc. | 310,473 | 14,346,957 | |
CardioNet, Inc. (a) | 34,161 | 85,061 | |
Centene Corp. (a) | 49,035 | 2,207,556 | |
Chemed Corp. | 14,268 | 1,101,347 | |
Chindex International, Inc. (a)(d) | 9,187 | 100,598 | |
CIGNA Corp. | 263,345 | 15,395,149 | |
Community Health Systems, Inc. | 114,654 | 4,845,278 | |
Corvel Corp. (a) | 8,848 | 425,058 | |
| |||
Shares | Value | ||
Coventry Health Care, Inc. | 124,996 | $ 5,669,819 | |
Cross Country Healthcare, Inc. (a) | 40,427 | 230,434 | |
DaVita, Inc. (a) | 77,571 | 9,279,043 | |
Emeritus Corp. (a) | 31,438 | 895,669 | |
ExamWorks Group, Inc. (a)(d) | 20,990 | 297,218 | |
Express Scripts Holding Co. (a) | 763,329 | 43,441,053 | |
Five Star Quality Care, Inc. (a)(d) | 32,241 | 204,408 | |
Gentiva Health Services, Inc. (a) | 24,132 | 253,869 | |
Hanger, Inc. (a) | 27,160 | 805,566 | |
HCA Holdings, Inc. | 227,570 | 8,440,571 | |
Health Management Associates, Inc. Class A (a)(d) | 222,836 | 2,448,968 | |
Health Net, Inc. (a) | 71,306 | 1,835,416 | |
HealthSouth Corp. (a)(d) | 85,304 | 2,057,532 | |
Healthways, Inc. (a) | 33,821 | 434,600 | |
Henry Schein, Inc. (a)(d) | 78,240 | 6,980,573 | |
HMS Holdings Corp. (a)(d) | 81,690 | 2,368,193 | |
Hooper Holmes, Inc. (a) | 6,267 | 3,127 | |
Humana, Inc. | 145,992 | 9,965,414 | |
IPC The Hospitalist Co., Inc. (a)(d) | 20,567 | 857,644 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 421,171 | |
Laboratory Corp. of America Holdings (a) | 96,901 | 8,585,429 | |
Landauer, Inc. | 14,935 | 876,834 | |
LCA-Vision, Inc. (a) | 27,238 | 78,718 | |
LHC Group, Inc. (a) | 12,810 | 260,299 | |
LifePoint Hospitals, Inc. (a) | 49,772 | 2,194,447 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,298,590 | |
McKesson Corp. | 217,757 | 23,110,550 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,772,246 | |
Molina Healthcare, Inc. (a) | 24,412 | 778,987 | |
MWI Veterinary Supply, Inc. (a) | 13,354 | 1,686,076 | |
National Healthcare Corp. | 6,159 | 285,593 | |
National Research Corp. | 320 | 18,202 | |
NeoStem, Inc. (a)(d) | 112,699 | 68,239 | |
Omnicare, Inc. | 104,008 | 3,875,338 | |
Owens & Minor, Inc. (d) | 59,970 | 1,826,087 | |
Patterson Companies, Inc. | 78,096 | 2,838,009 | |
PDI, Inc. (a)(d) | 1,365 | 9,965 | |
PharMerica Corp. (a)(d) | 29,176 | 418,092 | |
Providence Service Corp. (a) | 13,245 | 226,225 | |
Quest Diagnostics, Inc. | 146,597 | 8,234,353 | |
RadNet, Inc. (a)(d) | 27,076 | 76,625 | |
Select Medical Holdings Corp. | 37,877 | 349,983 | |
Sharps Compliance Corp. (a) | 5,184 | 15,137 | |
Skilled Healthcare Group, Inc. (a)(d) | 27,157 | 158,054 | |
Team Health Holdings, Inc. (a) | 31,431 | 1,052,624 | |
Tenet Healthcare Corp. (a) | 99,732 | 3,920,465 | |
The Ensign Group, Inc. | 8,656 | 271,106 | |
Triple-S Management Corp. (a) | 20,220 | 363,151 | |
U.S. Physical Therapy, Inc. | 11,240 | 276,729 | |
UnitedHealth Group, Inc. | 956,152 | 51,106,324 | |
Universal American Spin Corp. (d) | 33,569 | 279,965 | |
Universal Health Services, Inc. Class B | 83,733 | 4,847,303 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Vanguard Health Systems, Inc. (a) | 30,455 | $ 452,866 | |
VCA Antech, Inc. (a)(d) | 74,767 | 1,641,883 | |
Wellcare Health Plans, Inc. (a) | 41,317 | 2,362,919 | |
WellPoint, Inc. | 291,689 | 18,137,222 | |
| 316,969,314 | ||
Health Care Technology - 0.1% | |||
Allscripts Healthcare Solutions, Inc. (a) | 157,560 | 2,004,163 | |
athenahealth, Inc. (a)(d) | 32,907 | 3,086,348 | |
Authentidate Holding Corp. (a) | 816 | 561 | |
Cerner Corp. (a)(d) | 135,411 | 11,843,046 | |
CollabRx, Inc. (a) | 87 | 297 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,143,795 | |
Epocrates, Inc. (a) | 10,933 | 128,463 | |
Greenway Medical Technologies (d) | 5,301 | 84,021 | |
HealthStream, Inc. (a)(d) | 34,016 | 727,602 | |
MedAssets, Inc. (a) | 39,701 | 733,277 | |
Medidata Solutions, Inc. (a) | 26,465 | 1,379,356 | |
Merge Healthcare, Inc. (a)(d) | 37,852 | 92,737 | |
Omnicell, Inc. (a) | 25,141 | 453,041 | |
Quality Systems, Inc. | 52,869 | 979,134 | |
Vocera Communications, Inc. (d) | 5,171 | 136,359 | |
| 22,792,200 | ||
Life Sciences Tools & Services - 0.6% | |||
Accelerate Diagnostics, Inc. (a) | 8,536 | 44,814 | |
Affymetrix, Inc. (a)(d) | 55,779 | 227,021 | |
Agilent Technologies, Inc. | 320,533 | 13,295,709 | |
Albany Molecular Research, Inc. (a) | 23,897 | 193,088 | |
Apricus Biosciences, Inc. (a)(d) | 18,211 | 48,623 | |
BG Medicine, Inc. (a) | 3,134 | 5,390 | |
Bio-Rad Laboratories, Inc. Class A (a) | 19,230 | 2,369,136 | |
Bruker BioSciences Corp. (a) | 80,763 | 1,416,583 | |
Cambrex Corp. (a) | 18,522 | 213,188 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,735,931 | |
Complete Genomics, Inc. (a) | 13,147 | 41,150 | |
Covance, Inc. (a)(d) | 51,822 | 3,450,827 | |
Enzo Biochem, Inc. (a) | 14,697 | 44,091 | |
Fluidigm Corp. (a)(d) | 18,074 | 311,957 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 341,360 | |
Harvard Bioscience, Inc. (a) | 675 | 3,881 | |
Illumina, Inc. (a)(d) | 126,010 | 6,316,881 | |
Life Technologies Corp. (a) | 158,332 | 9,203,839 | |
Luminex Corp. (a)(d) | 39,871 | 673,022 | |
Mettler-Toledo International, Inc. (a)(d) | 30,026 | 6,389,533 | |
Pacific Biosciences of California, Inc. (a) | 28,978 | 66,649 | |
PAREXEL International Corp. (a)(d) | 52,568 | 1,823,584 | |
PerkinElmer, Inc. | 100,729 | 3,441,910 | |
pSivida Corp. (a) | 25,265 | 54,320 | |
Sequenom, Inc. (a)(d) | 91,772 | 377,183 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 2,825 | |
| |||
Shares | Value | ||
Techne Corp. | 35,747 | $ 2,430,439 | |
Thermo Fisher Scientific, Inc. | 337,779 | 24,928,090 | |
Waters Corp. (a) | 81,803 | 7,584,774 | |
| 87,035,798 | ||
Pharmaceuticals - 4.9% | |||
AbbVie, Inc. | 1,484,571 | 54,810,361 | |
Actavis, Inc. (a) | 117,843 | 10,035,510 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 5,943 | |
Akorn, Inc. (a)(d) | 58,979 | 813,910 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 13,886 | 61,515 | |
Alimera Sciences, Inc. (a) | 3,741 | 11,223 | |
Allergan, Inc. | 290,720 | 31,519,862 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 26,020 | 100,958 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 644,217 | |
AVANIR Pharmaceuticals Class A (a)(d) | 100,270 | 273,737 | |
Biodel, Inc. (a)(d) | 8,109 | 22,138 | |
Biodelivery Sciences International, Inc. (a) | 15,298 | 57,673 | |
BioSante Pharmaceuticals, Inc. (a)(d) | 21,445 | 28,093 | |
Bristol-Myers Squibb Co. | 1,544,466 | 57,098,908 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 214,772 | |
Cempra, Inc. | 9,089 | 59,260 | |
Columbia Laboratories, Inc. (a)(d) | 42,578 | 26,279 | |
Corcept Therapeutics, Inc. (a)(d) | 36,105 | 58,851 | |
Cornerstone Therapeutics, Inc. (a) | 11,437 | 76,285 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 31,352 | |
DepoMed, Inc. (a)(d) | 31,971 | 206,852 | |
Durect Corp. (a) | 121,504 | 136,084 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 15,070 | |
Eli Lilly & Co. | 956,322 | 52,272,561 | |
Endo Health Solutions, Inc. (a) | 113,364 | 3,514,284 | |
Endocyte, Inc. (a)(d) | 47,373 | 457,149 | |
Forest Laboratories, Inc. (a) | 228,644 | 8,414,099 | |
Hi-Tech Pharmacal Co., Inc. (d) | 12,868 | 476,245 | |
Horizon Pharma, Inc. (d) | 37,555 | 79,241 | |
Hospira, Inc. (a) | 171,244 | 5,039,711 | |
Impax Laboratories, Inc. (a) | 57,998 | 1,150,100 | |
Jazz Pharmaceuticals PLC (a)(d) | 45,062 | 2,621,707 | |
Johnson & Johnson | 2,593,486 | 197,390,219 | |
Lannett Co., Inc. (a) | 27,670 | 228,554 | |
MAP Pharmaceuticals, Inc. (a)(d) | 25,044 | 626,100 | |
Merck & Co., Inc. | 2,849,519 | 121,759,947 | |
Mylan, Inc. (a) | 369,805 | 10,949,926 | |
Nektar Therapeutics (a)(d) | 110,915 | 1,028,182 | |
NuPathe, Inc. (a)(d) | 18,258 | 59,704 | |
Obagi Medical Products, Inc. (a) | 21,864 | 294,727 | |
Omeros Corp. (a)(d) | 20,009 | 108,649 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 39,316 | 476,510 | |
Pacira Pharmaceuticals, Inc. (a)(d) | 42,514 | 929,356 | |
Pain Therapeutics, Inc. | 34,536 | 101,190 | |
Pernix Therapeutics Holdings, Inc. (a)(d) | 5,833 | 34,765 | |
Perrigo Co. | 81,693 | 9,245,197 | |
Pfizer, Inc. | 6,900,227 | 188,859,213 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Pozen, Inc. (a)(d) | 23,223 | $ 143,750 | |
Questcor Pharmaceuticals, Inc. (d) | 59,227 | 1,930,800 | |
Repros Therapeutics, Inc. (a)(d) | 14,128 | 166,004 | |
Sagent Pharmaceuticals, Inc. (a)(d) | 10,801 | 177,136 | |
Salix Pharmaceuticals Ltd. (a) | 48,250 | 2,357,013 | |
Santarus, Inc. (a)(d) | 38,184 | 506,702 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 46,113 | 219,498 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 6,532 | 18,551 | |
Sucampo Pharmaceuticals, Inc. Class A (a) | 10,506 | 53,686 | |
Supernus Pharmaceuticals, Inc. (a)(d) | 9,151 | 70,097 | |
The Medicines Company (a) | 52,840 | 1,680,840 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 14,465 | |
Ventrus Biosciences, Inc. (a)(d) | 6,995 | 21,405 | |
ViroPharma, Inc. (a)(d) | 60,392 | 1,506,176 | |
VIVUS, Inc. (a)(d) | 111,051 | 1,190,467 | |
Warner Chilcott PLC (d) | 165,178 | 2,231,555 | |
XenoPort, Inc. (a)(d) | 57,569 | 439,827 | |
Zoetis, Inc. Class A | 82,000 | 2,742,900 | |
Zogenix, Inc. (a)(d) | 43,460 | 81,270 | |
| 777,978,331 | ||
TOTAL HEALTH CARE | 1,871,399,851 | ||
INDUSTRIALS - 11.1% | |||
Aerospace & Defense - 2.1% | |||
AAR Corp. | 45,448 | 798,521 | |
AeroVironment, Inc. (a)(d) | 13,243 | 292,935 | |
Alliant Techsystems, Inc. | 27,998 | 1,842,268 | |
American Science & Engineering, Inc. | 13,204 | 825,778 | |
API Technologies Corp. (a)(d) | 22,349 | 58,554 | |
Ascent Solar Technologies, Inc. (a)(d) | 33,082 | 21,503 | |
Astronics Corp. (a) | 6,636 | 182,822 | |
Astrotech Corp. (a) | 8,707 | 7,227 | |
BE Aerospace, Inc. (a) | 98,215 | 5,167,091 | |
Breeze Industrial Products Corp. (a) | 1,281 | 10,440 | |
CPI Aerostructures, Inc. (a) | 3,805 | 33,865 | |
Cubic Corp. | 13,440 | 560,986 | |
Curtiss-Wright Corp. | 45,438 | 1,577,153 | |
DigitalGlobe, Inc. (a) | 70,420 | 1,836,554 | |
Ducommun, Inc. (a) | 15,643 | 242,467 | |
EDAC Technologies Corp. (a)(d) | 4,274 | 65,392 | |
Engility Holdings, Inc. (a)(d) | 14,341 | 270,615 | |
Esterline Technologies Corp. (a) | 30,025 | 2,069,623 | |
Exelis, Inc. | 193,690 | 1,998,881 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 1,077,836 | |
General Dynamics Corp. | 313,129 | 21,283,378 | |
HEICO Corp. Class A | 36,331 | 1,209,822 | |
Hexcel Corp. (a) | 86,216 | 2,349,386 | |
| |||
Shares | Value | ||
Honeywell International, Inc. | 732,334 | $ 51,336,613 | |
Huntington Ingalls Industries, Inc. | 51,071 | 2,453,451 | |
Innovative Solutions & Support, Inc. | 21,878 | 100,201 | |
KEYW Holding Corp. (a)(d) | 21,302 | 308,879 | |
Kratos Defense & Security Solutions, Inc. (a)(d) | 44,930 | 190,054 | |
L-3 Communications Holdings, Inc. | 86,081 | 6,565,398 | |
LMI Aerospace, Inc. (a) | 6,877 | 152,326 | |
Lockheed Martin Corp. | 249,444 | 21,951,072 | |
Moog, Inc. Class A (a)(d) | 37,679 | 1,694,048 | |
National Presto Industries, Inc. (d) | 4,216 | 320,374 | |
Northrop Grumman Corp. | 225,796 | 14,830,281 | |
Orbital Sciences Corp. (a) | 40,989 | 605,817 | |
Precision Castparts Corp. | 137,053 | 25,572,719 | |
Raytheon Co. | 310,361 | 16,936,400 | |
Rockwell Collins, Inc. (d) | 124,488 | 7,482,974 | |
SIFCO Industries, Inc. | 891 | 14,292 | |
Sparton Corp. (a) | 3,920 | 56,213 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 98,651 | 1,717,514 | |
Sypris Solutions, Inc. | 16,848 | 69,751 | |
Taser International, Inc. (a) | 58,908 | 438,865 | |
Teledyne Technologies, Inc. (a) | 29,878 | 2,198,423 | |
Textron, Inc. | 260,495 | 7,515,281 | |
The Boeing Co. | 634,274 | 48,775,671 | |
TransDigm Group, Inc. | 48,745 | 6,938,363 | |
Triumph Group, Inc. | 48,645 | 3,571,029 | |
United Technologies Corp. | 787,352 | 71,294,724 | |
| 336,873,830 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a)(d) | 108,399 | 598,362 | |
Atlas Air Worldwide Holdings, Inc. (a) | 36,312 | 1,713,563 | |
C.H. Robinson Worldwide, Inc. | 150,495 | 8,581,225 | |
Echo Global Logistics, Inc. (a) | 11,731 | 218,783 | |
Expeditors International of Washington, Inc. | 197,701 | 7,680,684 | |
FedEx Corp. | 272,333 | 28,712,068 | |
Forward Air Corp. | 28,163 | 1,062,308 | |
Hub Group, Inc. Class A (a)(d) | 34,129 | 1,287,687 | |
Pacer International, Inc. (a)(d) | 29,688 | 123,205 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 71,902 | |
Radiant Logistics, Inc. (a)(d) | 14,104 | 30,465 | |
United Parcel Service, Inc. Class B | 666,512 | 55,087,217 | |
UTI Worldwide, Inc. | 92,577 | 1,409,948 | |
XPO Logistics, Inc. (a)(d) | 10,264 | 178,799 | |
| 106,756,216 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 59,510 | 3,067,741 | |
Allegiant Travel Co. | 24,598 | 1,974,973 | |
Delta Air Lines, Inc. (a) | 772,651 | 11,025,730 | |
Hawaiian Holdings, Inc. (a)(d) | 71,807 | 406,428 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 1,018,286 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 770,623 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Airlines - continued | |||
SkyWest, Inc. | 63,299 | $ 886,186 | |
Southwest Airlines Co. | 643,054 | 7,523,732 | |
Spirit Airlines, Inc. (a) | 46,648 | 944,622 | |
United Continental Holdings, Inc. (a)(d) | 301,593 | 8,055,549 | |
US Airways Group, Inc. (a)(d) | 143,221 | 1,923,458 | |
| 37,597,328 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. (d) | 36,923 | 2,641,102 | |
AAON, Inc. | 33,674 | 810,196 | |
Ameresco, Inc. Class A (a)(d) | 38,199 | 317,434 | |
American Woodmark Corp. (a) | 9,343 | 299,910 | |
Apogee Enterprises, Inc. | 33,247 | 857,440 | |
Armstrong World Industries, Inc. (d) | 15,342 | 784,436 | |
Builders FirstSource, Inc. (a)(d) | 54,285 | 328,424 | |
Fortune Brands Home & Security, Inc. (a) | 151,004 | 5,217,188 | |
Gibraltar Industries, Inc. (a) | 56,316 | 965,819 | |
Griffon Corp. | 38,833 | 437,648 | |
Insteel Industries, Inc. | 16,775 | 266,555 | |
Lennox International, Inc. | 38,428 | 2,269,942 | |
Masco Corp. | 332,269 | 6,399,501 | |
NCI Building Systems, Inc. (a) | 16,002 | 261,633 | |
Nortek, Inc. (a) | 12,474 | 897,380 | |
Owens Corning (a)(d) | 130,235 | 5,054,420 | |
Patrick Industries, Inc. (a)(d) | 7,747 | 102,725 | |
Quanex Building Products Corp. | 24,300 | 483,813 | |
Simpson Manufacturing Co. Ltd. (d) | 40,648 | 1,182,857 | |
Trex Co., Inc. (a)(d) | 11,686 | 552,047 | |
Universal Forest Products, Inc. (d) | 26,737 | 1,084,987 | |
USG Corp. (a)(d) | 77,759 | 2,194,359 | |
| 33,409,816 | ||
Commercial Services & Supplies - 0.8% | |||
A.T. Cross Co. Class A (a) | 3,868 | 47,228 | |
ABM Industries, Inc. | 41,566 | 943,548 | |
ACCO Brands Corp. (d) | 120,265 | 901,988 | |
Acorn Energy, Inc. (d) | 12,727 | 82,853 | |
ADT Corp. (d) | 214,104 | 10,253,441 | |
ARC Document Solutions, Inc. (a) | 46,203 | 103,957 | |
Avery Dennison Corp. | 106,008 | 4,330,427 | |
Casella Waste Systems, Inc. Class A (a)(d) | 64,851 | 303,503 | |
CECO Environmental Corp. | 2,290 | 24,732 | |
Cenveo, Inc. (a)(d) | 104,135 | 218,684 | |
Cintas Corp. | 89,845 | 3,944,196 | |
Clean Harbors, Inc. (a)(d) | 47,498 | 2,446,147 | |
Consolidated Graphics, Inc. (a)(d) | 14,819 | 572,013 | |
Copart, Inc. (a) | 124,595 | 4,253,673 | |
Corrections Corp. of America | 88,360 | 3,388,606 | |
Courier Corp. | 17,378 | 218,094 | |
Covanta Holding Corp. (d) | 125,817 | 2,460,981 | |
Deluxe Corp. (d) | 54,408 | 2,158,909 | |
| |||
Shares | Value | ||
EnergySolutions, Inc. (a) | 165,491 | $ 615,627 | |
EnerNOC, Inc. (a)(d) | 25,460 | 419,835 | |
Ennis, Inc. | 21,290 | 333,401 | |
Fuel Tech, Inc. (a) | 51,934 | 230,068 | |
G&K Services, Inc. Class A | 16,380 | 682,555 | |
Healthcare Services Group, Inc. (d) | 52,919 | 1,275,348 | |
Heritage-Crystal Clean, Inc. (a)(d) | 7,679 | 113,265 | |
Herman Miller, Inc. | 49,763 | 1,194,312 | |
HNI Corp. (d) | 49,416 | 1,559,569 | |
Hudson Technologies, Inc. (a)(d) | 5,394 | 23,464 | |
Industrial Services of America, Inc. (a)(d) | 1,620 | 4,860 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 421,418 | |
Interface, Inc. | 44,100 | 807,471 | |
Intersections, Inc. | 12,865 | 134,954 | |
Iron Mountain, Inc. | 183,385 | 6,326,783 | |
KAR Auction Services, Inc. | 83,381 | 1,769,345 | |
Kimball International, Inc. Class B | 16,142 | 148,668 | |
Knoll, Inc. | 32,235 | 548,640 | |
McGrath RentCorp. | 17,562 | 517,903 | |
Metalico, Inc. (a)(d) | 55,605 | 91,192 | |
Mine Safety Appliances Co. | 26,951 | 1,262,654 | |
Mobile Mini, Inc. (a)(d) | 36,488 | 982,257 | |
Multi-Color Corp. | 7,946 | 191,737 | |
NL Industries, Inc. | 6,707 | 85,850 | |
Performant Financial Corp. (d) | 11,395 | 150,984 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 31,567 | |
Pitney Bowes, Inc. (d) | 187,772 | 2,459,813 | |
Quad/Graphics, Inc. (d) | 22,071 | 480,044 | |
R.R. Donnelley & Sons Co. (d) | 150,758 | 1,573,914 | |
Republic Services, Inc. | 279,496 | 8,787,354 | |
Rollins, Inc. | 69,664 | 1,707,465 | |
Schawk, Inc. Class A | 4,209 | 45,289 | |
Standard Parking Corp. (a) | 5,698 | 118,262 | |
Standard Register Co. | 19,851 | 10,521 | |
Steelcase, Inc. Class A | 74,937 | 1,060,359 | |
Stericycle, Inc. (a) | 80,780 | 7,748,418 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 144,744 | 204,089 | |
Team, Inc. (a) | 18,138 | 795,533 | |
Tetra Tech, Inc. (a) | 56,334 | 1,625,799 | |
The Brink's Co. | 40,696 | 1,076,409 | |
TMS International Corp. (a) | 14,898 | 205,294 | |
TRC Companies, Inc. (a) | 13,255 | 85,362 | |
Tyco International Ltd. | 436,716 | 13,979,279 | |
Unifirst Corp. Massachusetts | 12,480 | 1,042,579 | |
United Stationers, Inc. | 31,409 | 1,137,006 | |
US Ecology, Inc. | 25,366 | 630,852 | |
Viad Corp. | 19,833 | 544,614 | |
Virco Manufacturing Co. (a) | 2,682 | 7,000 | |
Waste Connections, Inc. | 109,931 | 3,760,740 | |
Waste Management, Inc. | 396,275 | 14,788,983 | |
| 120,451,685 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 100,199 | $ 3,037,032 | |
Aegion Corp. (a)(d) | 34,101 | 819,447 | |
Argan, Inc. | 7,465 | 124,889 | |
Comfort Systems USA, Inc. | 43,738 | 545,850 | |
Dycom Industries, Inc. (a) | 25,959 | 543,841 | |
EMCOR Group, Inc. | 58,224 | 2,245,700 | |
Fluor Corp. | 155,989 | 9,655,719 | |
Foster Wheeler AG (a) | 92,101 | 2,215,950 | |
Furmanite Corp. (a) | 35,767 | 213,529 | |
Goldfield Corp. (d) | 22,426 | 83,873 | |
Granite Construction, Inc. | 31,641 | 983,719 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 380,952 | |
Integrated Electrical Services, Inc. (a) | 13,442 | 77,964 | |
Jacobs Engineering Group, Inc. (a) | 112,424 | 5,490,788 | |
KBR, Inc. | 139,890 | 4,251,257 | |
Layne Christensen Co. (a)(d) | 15,356 | 337,678 | |
MasTec, Inc. (a)(d) | 50,211 | 1,510,849 | |
Michael Baker Corp. | 6,265 | 151,864 | |
MYR Group, Inc. (a) | 25,270 | 586,517 | |
Northwest Pipe Co. (a) | 12,188 | 291,049 | |
Orion Marine Group, Inc. (a)(d) | 15,813 | 150,540 | |
Pike Electric Corp. | 14,023 | 195,481 | |
Primoris Services Corp. | 27,169 | 509,419 | |
Quanta Services, Inc. (a) | 201,419 | 5,720,300 | |
Sterling Construction Co., Inc. (a) | 31,847 | 359,871 | |
Tutor Perini Corp. (a) | 37,087 | 630,850 | |
UniTek Global Services, Inc. (a) | 18,062 | 63,578 | |
URS Corp. | 82,388 | 3,481,717 | |
| 44,660,223 | ||
Electrical Equipment - 0.8% | |||
Active Power, Inc. (a)(d) | 10,523 | 48,090 | |
Acuity Brands, Inc. (d) | 38,677 | 2,635,064 | |
Allied Motion Technologies, Inc. | 4,209 | 29,463 | |
Altair Nanotechnologies, Inc. (a)(d) | 10,605 | 21,846 | |
American Superconductor Corp. (a)(d) | 126,771 | 366,368 | |
AMETEK, Inc. | 227,538 | 9,517,915 | |
AZZ, Inc. | 24,628 | 1,099,886 | |
Babcock & Wilcox Co. | 118,199 | 3,193,737 | |
Belden, Inc. | 39,680 | 1,998,285 | |
Brady Corp. Class A | 43,963 | 1,496,940 | |
Broadwind Energy, Inc. (a) | 15,938 | 53,711 | |
Capstone Turbine Corp. (a)(d) | 814,128 | 789,704 | |
Coleman Cable, Inc. | 5,164 | 51,175 | |
Eaton Corp. PLC | 428,520 | 26,555,384 | |
Emerson Electric Co. | 674,974 | 38,271,026 | |
Encore Wire Corp. | 23,059 | 753,799 | |
EnerSys (a) | 39,836 | 1,628,496 | |
Enphase Energy, Inc. (d) | 8,807 | 43,419 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 51,987 | |
Franklin Electric Co., Inc. (d) | 17,393 | 1,131,763 | |
FuelCell Energy, Inc. (a) | 246,058 | 260,821 | |
| |||
Shares | Value | ||
Generac Holdings, Inc. (d) | 30,944 | $ 1,066,021 | |
General Cable Corp. (a)(d) | 39,737 | 1,308,937 | |
Global Power Equipment Group, Inc. | 10,454 | 175,418 | |
GrafTech International Ltd. (a)(d) | 132,891 | 982,064 | |
Hubbell, Inc. Class B | 49,454 | 4,594,771 | |
II-VI, Inc. (a)(d) | 46,725 | 809,744 | |
LSI Industries, Inc. | 24,011 | 165,436 | |
MagneTek, Inc. (a) | 2,664 | 33,300 | |
Ocean Power Technologies, Inc. (a)(d) | 11,040 | 21,749 | |
Plug Power, Inc. (a)(d) | 38,179 | 6,490 | |
Polypore International, Inc. (a)(d) | 41,032 | 1,570,705 | |
Powell Industries, Inc. (a) | 7,721 | 449,439 | |
PowerSecure International, Inc. (a) | 20,869 | 176,343 | |
Preformed Line Products Co. | 1,961 | 138,878 | |
Regal-Beloit Corp. | 40,174 | 3,104,647 | |
Revolution Lighting Technologies, Inc. (a) | 1,806 | 1,860 | |
Rockwell Automation, Inc. | 127,826 | 11,547,801 | |
Roper Industries, Inc. | 90,096 | 11,226,863 | |
SL Industries, Inc. | 3,648 | 69,093 | |
SolarCity Corp. (d) | 12,947 | 234,470 | |
Thermon Group Holdings, Inc. (a) | 10,097 | 206,989 | |
Ultralife Corp. (a) | 13,410 | 50,958 | |
Vicor Corp. (a) | 10,982 | 57,985 | |
| 127,998,840 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 597,243 | 62,113,272 | |
Carlisle Companies, Inc. | 55,830 | 3,789,182 | |
Danaher Corp. | 547,005 | 33,695,508 | |
General Electric Co. | 9,822,809 | 228,085,625 | |
Raven Industries, Inc. (d) | 30,000 | 846,900 | |
Seaboard Corp. | 366 | 1,044,194 | |
| 329,574,681 | ||
Machinery - 2.3% | |||
Accuride Corp. (a)(d) | 79,004 | 319,966 | |
Actuant Corp. Class A (d) | 71,032 | 2,160,083 | |
Adept Technology, Inc. (a) | 2,954 | 8,803 | |
AGCO Corp. | 85,338 | 4,393,200 | |
Alamo Group, Inc. | 17,898 | 640,390 | |
Albany International Corp. Class A | 47,080 | 1,344,605 | |
Altra Holdings, Inc. | 19,022 | 489,626 | |
American Railcar Industries, Inc. | 11,797 | 514,821 | |
Ampco-Pittsburgh Corp. | 10,414 | 194,846 | |
Astec Industries, Inc. (d) | 12,338 | 439,356 | |
Barnes Group, Inc. | 47,337 | 1,259,638 | |
Blount International, Inc. (a) | 31,486 | 474,494 | |
Briggs & Stratton Corp. | 42,488 | 1,039,256 | |
Cascade Corp. | 13,797 | 886,457 | |
Caterpillar, Inc. | 608,193 | 56,178,787 | |
Chart Industries, Inc. (a)(d) | 27,582 | 2,001,350 | |
CIRCOR International, Inc. | 13,068 | 544,674 | |
CLARCOR, Inc. (d) | 46,115 | 2,351,404 | |
Colfax Corp. (a)(d) | 64,640 | 2,805,376 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | $ 529,191 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 608,924 | |
Crane Co. | 41,480 | 2,230,794 | |
Cummins, Inc. | 162,557 | 18,835,480 | |
Deere & Co. | 362,253 | 31,816,681 | |
Donaldson Co., Inc. | 119,915 | 4,320,537 | |
Douglas Dynamics, Inc. | 29,195 | 415,153 | |
Dover Corp. | 166,240 | 12,193,704 | |
Dynamic Materials Corp. | 17,783 | 300,533 | |
Eastern Co. | 2,354 | 39,147 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 402,038 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 1,034,595 | |
ESCO Technologies, Inc. | 20,247 | 821,218 | |
ExOne Co. (d) | 5,200 | 141,388 | |
Federal Signal Corp. (a) | 80,990 | 631,722 | |
Flow International Corp. (a) | 66,905 | 248,218 | |
Flowserve Corp. | 44,479 | 7,138,880 | |
FreightCar America, Inc. | 19,411 | 408,213 | |
Gardner Denver, Inc. | 45,246 | 3,212,014 | |
Gencor Industries, Inc. (a) | 1,849 | 13,239 | |
Gorman-Rupp Co. (d) | 14,200 | 409,528 | |
Graco, Inc. | 51,140 | 2,971,234 | |
Graham Corp. | 12,124 | 282,368 | |
Greenbrier Companies, Inc. (a)(d) | 21,771 | 440,863 | |
Hardinge, Inc. | 12,474 | 163,160 | |
Harsco Corp. | 75,085 | 1,800,538 | |
Hurco Companies, Inc. (a) | 3,319 | 93,330 | |
Hyster-Yale Materials Handling Class A | 12,438 | 637,199 | |
IDEX Corp. | 74,036 | 3,770,653 | |
Illinois Tool Works, Inc. | 397,863 | 24,468,575 | |
Ingersoll-Rand PLC | 283,533 | 14,928,012 | |
ITT Corp. | 114,023 | 3,002,226 | |
John Bean Technologies Corp. | 23,559 | 434,192 | |
Joy Global, Inc. | 99,017 | 6,271,737 | |
Kadant, Inc. | 18,429 | 452,432 | |
Kaydon Corp. | 29,963 | 749,375 | |
Kennametal, Inc. (d) | 67,614 | 2,737,015 | |
L.B. Foster Co. Class A | 10,636 | 469,686 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,987,777 | |
Lindsay Corp. | 10,287 | 879,024 | |
Lydall, Inc. (a) | 9,770 | 147,136 | |
Manitex International, Inc. (a)(d) | 6,745 | 64,617 | |
Manitowoc Co., Inc. (d) | 113,567 | 2,103,261 | |
Meritor, Inc. (a) | 87,590 | 385,396 | |
Met-Pro Corp. | 10,211 | 100,680 | |
Middleby Corp. (a)(d) | 16,713 | 2,495,418 | |
Miller Industries, Inc. | 16,197 | 257,856 | |
Mueller Industries, Inc. | 25,011 | 1,330,085 | |
Mueller Water Products, Inc. Class A | 130,935 | 735,855 | |
Navistar International Corp. (a)(d) | 71,306 | 1,770,528 | |
| |||
Shares | Value | ||
NN, Inc. (a)(d) | 12,121 | $ 104,968 | |
Nordson Corp. | 52,385 | 3,321,209 | |
Omega Flex, Inc. | 258 | 3,594 | |
Oshkosh Truck Corp. (a) | 84,157 | 3,245,094 | |
PACCAR, Inc. | 331,975 | 15,745,574 | |
Pall Corp. | 103,105 | 7,029,699 | |
Parker Hannifin Corp. | 138,351 | 13,071,402 | |
Pentair Ltd. | 196,121 | 10,447,366 | |
PMFG, Inc. (a)(d) | 15,367 | 104,035 | |
Proto Labs, Inc. | 7,469 | 347,234 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 1,088,057 | |
Rexnord Corp. | 31,453 | 640,698 | |
Sauer-Danfoss, Inc. | 13,027 | 705,021 | |
Snap-On, Inc. | 55,924 | 4,489,019 | |
SPX Corp. | 46,613 | 3,752,813 | |
Standex International Corp. (d) | 10,804 | 581,471 | |
Stanley Black & Decker, Inc. | 155,097 | 12,206,134 | |
Sun Hydraulics Corp. | 19,343 | 539,476 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 29,489 | 267,170 | |
Tennant Co. | 13,999 | 653,333 | |
Terex Corp. (a)(d) | 97,076 | 3,185,064 | |
Timken Co. | 75,024 | 4,075,304 | |
Titan International, Inc. (d) | 42,501 | 897,196 | |
Toro Co. | 58,344 | 2,631,314 | |
TriMas Corp. (a)(d) | 46,817 | 1,343,180 | |
Trinity Industries, Inc. (d) | 70,615 | 3,053,393 | |
Twin Disc, Inc. (d) | 7,177 | 171,530 | |
Valmont Industries, Inc. | 23,843 | 3,756,465 | |
Wabash National Corp. (a)(d) | 74,589 | 711,579 | |
WABCO Holdings, Inc. (a) | 59,750 | 4,106,020 | |
Wabtec Corp. | 49,289 | 4,819,971 | |
Watts Water Technologies, Inc. Class A | 38,674 | 1,815,358 | |
Woodward, Inc. | 51,161 | 1,914,956 | |
Xylem, Inc. | 189,589 | 5,213,698 | |
| 358,766,952 | ||
Marine - 0.0% | |||
Baltic Trading Ltd. | 21,117 | 77,711 | |
Eagle Bulk Shipping, Inc. (a)(d) | 19,099 | 37,052 | |
Genco Shipping & Trading Ltd. (a)(d) | 76,288 | 196,060 | |
International Shipholding Corp. | 10,420 | 190,790 | |
Kirby Corp. (a)(d) | 49,913 | 3,792,390 | |
Matson, Inc. (d) | 37,893 | 974,229 | |
| 5,268,232 | ||
Professional Services - 0.4% | |||
Acacia Research Corp. (a)(d) | 43,794 | 1,224,480 | |
Advisory Board Co. (a)(d) | 32,138 | 1,632,932 | |
Barrett Business Services, Inc. | 6,681 | 291,826 | |
CBIZ, Inc. (a)(d) | 37,390 | 237,800 | |
CDI Corp. | 9,649 | 158,823 | |
Corporate Executive Board Co. | 29,612 | 1,603,194 | |
CRA International, Inc. (a)(d) | 15,589 | 344,673 | |
CTPartners Executive Search, Inc. (a) | 859 | 3,221 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
Dolan Co. (a) | 21,177 | $ 61,625 | |
Dun & Bradstreet Corp. | 40,399 | 3,256,159 | |
Equifax, Inc. | 112,378 | 6,194,275 | |
Exponent, Inc. | 15,525 | 780,442 | |
Franklin Covey Co. (a) | 5,338 | 73,771 | |
FTI Consulting, Inc. (a)(d) | 68,234 | 2,370,449 | |
GP Strategies Corp. (a) | 10,677 | 230,516 | |
Heidrick & Struggles International, Inc. | 22,259 | 302,722 | |
Hill International, Inc. (a) | 13,945 | 47,552 | |
Hudson Global, Inc. (a)(d) | 13,947 | 51,325 | |
Huron Consulting Group, Inc. (a) | 20,793 | 814,878 | |
ICF International, Inc. (a) | 17,107 | 423,227 | |
IHS, Inc. Class A (a) | 51,981 | 5,522,981 | |
Insperity, Inc. | 15,769 | 447,051 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 340,732 | |
Kforce, Inc. | 25,995 | 377,967 | |
Korn/Ferry International (a) | 33,723 | 624,213 | |
Manpower, Inc. | 75,166 | 4,104,064 | |
Mastech Holdings, Inc. | 299 | 2,240 | |
MISTRAS Group, Inc. (a) | 12,788 | 261,515 | |
Navigant Consulting, Inc. (a) | 41,733 | 531,261 | |
Nielsen Holdings B.V. | 152,740 | 5,145,811 | |
Odyssey Marine Exploration, Inc. (a)(d) | 46,227 | 161,795 | |
On Assignment, Inc. (a)(d) | 37,950 | 829,587 | |
Pendrell Corp. (a) | 126,539 | 180,951 | |
RCM Technologies, Inc. | 9,908 | 56,079 | |
Resources Connection, Inc. | 43,312 | 528,840 | |
Robert Half International, Inc. | 123,411 | 4,387,261 | |
RPX Corp. (a) | 14,564 | 172,583 | |
Spherix, Inc. (a) | 11 | 127 | |
Towers Watson & Co. | 58,151 | 3,871,112 | |
TrueBlue, Inc. (a) | 38,883 | 753,941 | |
Verisk Analytics, Inc. (a) | 135,085 | 7,905,174 | |
VSE Corp. | 1,834 | 42,017 | |
WageWorks, Inc. (a) | 8,340 | 196,907 | |
| 56,548,099 | ||
Road & Rail - 0.9% | |||
AMERCO | 7,919 | 1,193,472 | |
Arkansas Best Corp. | 18,872 | 217,783 | |
Avis Budget Group, Inc. (a)(d) | 100,640 | 2,351,957 | |
Celadon Group, Inc. (d) | 62,978 | 1,255,152 | |
Con-way, Inc. (d) | 51,304 | 1,803,336 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 57,316 | |
CSX Corp. | 964,986 | 22,136,779 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 38,299 | 3,428,526 | |
Heartland Express, Inc. (d) | 52,772 | 716,116 | |
Hertz Global Holdings, Inc. (a)(d) | 275,903 | 5,504,265 | |
J.B. Hunt Transport Services, Inc. (d) | 86,516 | 6,014,592 | |
Kansas City Southern | 103,087 | 10,614,868 | |
Knight Transportation, Inc. | 54,848 | 858,920 | |
| |||
Shares | Value | ||
Landstar System, Inc. (d) | 39,848 | $ 2,243,044 | |
Marten Transport Ltd. | 20,799 | 430,539 | |
Norfolk Southern Corp. | 296,098 | 21,629,959 | |
Old Dominion Freight Lines, Inc. (a) | 69,360 | 2,493,492 | |
Patriot Transportation Holding, Inc. (a)(d) | 1,312 | 35,660 | |
Providence & Worcester Railroad Co. | 4,631 | 68,076 | |
Quality Distribution, Inc. (a)(d) | 25,189 | 198,741 | |
Roadrunner Transportation Systems, Inc. (a) | 12,158 | 276,959 | |
Ryder System, Inc. | 45,757 | 2,571,543 | |
Saia, Inc. (a) | 11,656 | 374,507 | |
Swift Transporation Co. (a)(d) | 69,603 | 941,729 | |
Union Pacific Corp. | 440,660 | 60,418,893 | |
Universal Truckload Services, Inc. | 4,618 | 84,232 | |
USA Truck, Inc. (a) | 1,841 | 9,095 | |
Werner Enterprises, Inc. (d) | 41,229 | 949,092 | |
YRC Worldwide, Inc. (a) | 6,129 | 37,571 | |
Zipcar, Inc. (a)(d) | 19,521 | 238,742 | |
| 149,154,956 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 338,387 | |
AeroCentury Corp. (a) | 688 | 11,008 | |
Air Lease Corp. Class A (d) | 64,973 | 1,765,316 | |
Aircastle Ltd. | 55,209 | 743,665 | |
Applied Industrial Technologies, Inc. | 42,674 | 1,852,478 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,638,987 | |
BlueLinx Corp. (a)(d) | 17,176 | 50,154 | |
BlueLinx Corp. rights (a) | 17,176 | 7,204 | |
CAI International, Inc. (a) | 7,670 | 211,692 | |
DXP Enterprises, Inc. (a) | 6,766 | 420,845 | |
Edgen Group, Inc. Class A | 19,685 | 157,874 | |
Essex Rental Corp. (a)(d) | 16,688 | 67,753 | |
Fastenal Co. (d) | 258,190 | 13,330,350 | |
GATX Corp. | 39,127 | 1,950,481 | |
H&E Equipment Services, Inc. (d) | 24,825 | 483,095 | |
Houston Wire & Cable Co. | 15,647 | 182,131 | |
Kaman Corp. | 21,079 | 735,657 | |
Lawson Products, Inc. | 4,764 | 67,839 | |
MRC Global, Inc. (d) | 21,717 | 667,146 | |
MSC Industrial Direct Co., Inc. Class A (d) | 40,442 | 3,450,511 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 619,262 | |
TAL International Group, Inc. | 21,219 | 913,478 | |
Textainer Group Holdings Ltd. | 14,461 | 584,803 | |
Titan Machinery, Inc. (a)(d) | 17,235 | 486,889 | |
United Rentals, Inc. (a)(d) | 86,038 | 4,595,290 | |
W.W. Grainger, Inc. | 55,080 | 12,473,417 | |
Watsco, Inc. | 25,351 | 1,974,082 | |
WESCO International, Inc. (a)(d) | 40,702 | 3,007,878 | |
Willis Lease Finance Corp. (a)(d) | 2,006 | 30,110 | |
| 52,817,782 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 18,229 | $ 247,914 | |
TOTAL INDUSTRIALS | 1,760,126,554 | ||
INFORMATION TECHNOLOGY - 17.4% | |||
Communications Equipment - 1.8% | |||
Acme Packet, Inc. (a) | 51,006 | 1,488,355 | |
ADTRAN, Inc. (d) | 58,980 | 1,317,613 | |
Alliance Fiber Optic Products, Inc. | 9,573 | 106,069 | |
Ambient Corp. (a)(d) | 1,932 | 5,216 | |
Anaren, Inc. (a) | 42,259 | 817,712 | |
Arris Group, Inc. (a) | 97,821 | 1,697,194 | |
Aruba Networks, Inc. (a)(d) | 102,880 | 2,563,770 | |
Aviat Networks, Inc. (a) | 66,605 | 237,114 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 117,153 | |
Black Box Corp. | 16,753 | 406,428 | |
Blonder Tongue Laboratories, Inc. (a)(d) | 3,352 | 4,257 | |
Brocade Communications Systems, Inc. (a) | 398,862 | 2,237,616 | |
CalAmp Corp. (a)(d) | 16,135 | 176,678 | |
Calix Networks, Inc. (a) | 25,252 | 216,410 | |
Ciena Corp. (a)(d) | 93,662 | 1,427,409 | |
Cisco Systems, Inc. | 4,969,682 | 103,617,870 | |
Clearfield, Inc. (a) | 2,407 | 13,311 | |
Communications Systems, Inc. | 4,311 | 46,128 | |
Comtech Telecommunications Corp. | 22,438 | 600,890 | |
Digi International, Inc. (a) | 21,456 | 211,556 | |
EchoStar Holding Corp. Class A (a) | 37,522 | 1,419,832 | |
EMCORE Corp. (a)(d) | 19,513 | 113,761 | |
Emulex Corp. (a) | 66,808 | 430,912 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a)(d) | 100,558 | 351,953 | |
F5 Networks, Inc. (a) | 73,095 | 6,902,361 | |
Finisar Corp. (a)(d) | 89,294 | 1,308,157 | |
Globecomm Systems, Inc. (a) | 11,676 | 141,747 | |
Harmonic, Inc. (a) | 75,490 | 429,538 | |
Harris Corp. | 108,567 | 5,218,816 | |
Infinera Corp. (a)(d) | 140,398 | 911,183 | |
InterDigital, Inc. | 37,438 | 1,662,247 | |
Ixia (a)(d) | 51,889 | 1,052,309 | |
JDS Uniphase Corp. (a) | 221,471 | 3,136,029 | |
Juniper Networks, Inc. (a) | 485,897 | 10,048,350 | |
KVH Industries, Inc. (a) | 23,641 | 314,898 | |
Lantronix, Inc. (a) | 71 | 140 | |
Loral Space & Communications Ltd. | 10,995 | 640,349 | |
Meru Networks, Inc. (a)(d) | 20,865 | 93,267 | |
Motorola Solutions, Inc. | 260,084 | 16,179,826 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,090,690 | |
NumereX Corp. Class A (a) | 2,670 | 32,814 | |
Oclaro, Inc. (a)(d) | 64,648 | 85,982 | |
Oplink Communications, Inc. (a) | 15,273 | 234,593 | |
| |||
Shares | Value | ||
Optical Cable Corp. | 564 | $ 2,279 | |
Palo Alto Networks, Inc. (d) | 31,394 | 1,919,115 | |
Parkervision, Inc. (a)(d) | 73,296 | 292,451 | |
PC-Tel, Inc. | 2,259 | 15,632 | |
Performance Technologies, Inc. (a) | 2,977 | 2,772 | |
Plantronics, Inc. | 39,954 | 1,612,543 | |
Polycom, Inc. (a) | 189,613 | 1,727,374 | |
Procera Networks, Inc. (a)(d) | 21,122 | 247,127 | |
QUALCOMM, Inc. | 1,595,884 | 104,737,867 | |
Relm Wireless Corp. (a) | 9,436 | 20,476 | |
Riverbed Technology, Inc. (a)(d) | 148,314 | 2,266,238 | |
Ruckus Wireless, Inc. (d) | 11,332 | 242,052 | |
ShoreTel, Inc. (a)(d) | 22,164 | 89,986 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 548,371 | |
Symmetricom, Inc. (a) | 21,713 | 107,262 | |
Tellabs, Inc. (d) | 301,356 | 611,753 | |
Telular Corp. | 1,806 | 17,988 | |
Tessco Technologies, Inc. (d) | 3,361 | 76,530 | |
Ubiquiti Networks, Inc. (d) | 9,640 | 132,743 | |
ViaSat, Inc. (a)(d) | 35,696 | 1,676,284 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 38,173 | |
Zhone Technologies, Inc. (a) | 5,862 | 5,217 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 22,562 | |
| 285,521,298 | ||
Computers & Peripherals - 3.5% | |||
3D Systems Corp. (a)(d) | 68,215 | 2,521,226 | |
Apple, Inc. | 881,441 | 389,068,007 | |
Astro-Med, Inc. | 4,606 | 45,461 | |
Avid Technology, Inc. (a)(d) | 34,710 | 240,540 | |
Concurrent Computer Corp. | 987 | 6,899 | |
Cray, Inc. (a) | 32,010 | 619,394 | |
Crossroads Systems, Inc. (a) | 9,071 | 14,514 | |
Datalink Corp. (a) | 9,248 | 95,994 | |
Dataram Corp. (a) | 3,336 | 1,134 | |
Dell, Inc. | 1,357,390 | 18,935,591 | |
Diebold, Inc. | 54,057 | 1,526,570 | |
Dot Hill Systems Corp. (a) | 109,713 | 142,627 | |
Electronics for Imaging, Inc. (a) | 55,580 | 1,281,675 | |
EMC Corp. (a) | 1,969,648 | 45,321,600 | |
Fusion-io, Inc. (a)(d) | 66,698 | 1,125,862 | |
Hauppauge Digital, Inc. (a) | 430 | 357 | |
Hewlett-Packard Co. | 1,843,592 | 37,129,943 | |
Hutchinson Technology, Inc. (a)(d) | 34,936 | 98,869 | |
iGO, Inc. (a) | 5,684 | 17,905 | |
Imation Corp. (a) | 19,750 | 67,348 | |
Immersion Corp. (a)(d) | 59,681 | 399,266 | |
Intermec, Inc. (a) | 37,733 | 373,557 | |
Interphase Corp. (a) | 10,718 | 23,472 | |
Intevac, Inc. (a) | 17,689 | 84,553 | |
Lexmark International, Inc. Class A | 60,869 | 1,340,335 | |
NCR Corp. (a) | 140,900 | 3,886,022 | |
NetApp, Inc. (a) | 339,363 | 11,480,650 | |
Novatel Wireless, Inc. (a) | 27,517 | 59,712 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
OCZ Technology Group, Inc. (a)(d) | 56,538 | $ 97,811 | |
Overland Storage, Inc. (a)(d) | 5,087 | 5,697 | |
QLogic Corp. (a) | 79,628 | 906,167 | |
Quantum Corp. (a)(d) | 189,992 | 239,390 | |
Rimage Corp. | 6,017 | 41,036 | |
SanDisk Corp. (a) | 222,462 | 11,209,860 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology (d) | 328,410 | 10,561,666 | |
Silicon Graphics International Corp. (a)(d) | 32,579 | 490,314 | |
STEC, Inc. (a)(d) | 29,627 | 142,802 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 313,642 | |
Synaptics, Inc. (a)(d) | 36,621 | 1,272,946 | |
Transact Technologies, Inc. | 3,411 | 26,947 | |
USA Technologies, Inc. (a)(d) | 38,549 | 94,445 | |
Video Display Corp. (a) | 2,957 | 11,059 | |
Western Digital Corp. | 205,688 | 9,700,246 | |
Xplore Technologies Corp. (a) | 2,067 | 7,524 | |
| 551,030,635 | ||
Electronic Equipment & Components - 0.7% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 1,863 | |
Aeroflex Holding Corp. (a) | 11,165 | 103,276 | |
Agilysys, Inc. (a) | 38,149 | 351,352 | |
Amphenol Corp. Class A | 146,122 | 10,354,205 | |
Anixter International, Inc. (d) | 21,905 | 1,509,693 | |
Arrow Electronics, Inc. (a) | 128,186 | 5,146,668 | |
Audience, Inc. (d) | 4,453 | 60,739 | |
Avnet, Inc. (a) | 130,776 | 4,617,701 | |
AVX Corp. | 48,749 | 574,263 | |
Badger Meter, Inc. | 35,716 | 1,812,944 | |
Benchmark Electronics, Inc. (a) | 50,023 | 871,401 | |
Checkpoint Systems, Inc. (a) | 27,013 | 320,374 | |
ClearSign Combustion Corp. (a) | 2,567 | 13,066 | |
Cognex Corp. (d) | 54,520 | 2,245,679 | |
Coherent, Inc. | 20,405 | 1,178,593 | |
Corning, Inc. | 1,372,498 | 17,307,200 | |
CTS Corp. | 18,339 | 179,722 | |
Daktronics, Inc. | 32,196 | 328,721 | |
Document Security Systems, Inc. (a)(d) | 10,726 | 24,134 | |
Dolby Laboratories, Inc. Class A (d) | 41,734 | 1,330,480 | |
DTS, Inc. (a)(d) | 19,732 | 392,667 | |
Echelon Corp. (a) | 32,190 | 84,660 | |
Electro Rent Corp. | 12,184 | 197,137 | |
Electro Scientific Industries, Inc. | 21,640 | 238,256 | |
eMagin Corp. | 5,084 | 16,167 | |
Fabrinet (a) | 16,812 | 275,885 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 789,743 | |
FEI Co. (d) | 32,449 | 2,055,320 | |
FLIR Systems, Inc. | 144,524 | 3,806,762 | |
Frequency Electronics, Inc. | 430 | 4,382 | |
Giga-Tronics, Inc. (a) | 2,579 | 4,204 | |
| |||
Shares | Value | ||
I. D. Systems Inc. (a) | 6,071 | $ 38,308 | |
Identive Group, Inc. (a) | 106,182 | 153,964 | |
IEC Electronics Corp. (a) | 86 | 526 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,749,562 | |
Insight Enterprises, Inc. (a) | 39,665 | 762,361 | |
Intelli-Check, Inc. (a) | 4,366 | 3,493 | |
InvenSense, Inc. (a) | 25,131 | 302,075 | |
IPG Photonics Corp. (d) | 26,878 | 1,593,597 | |
Iteris, Inc. (a) | 1,032 | 1,806 | |
Itron, Inc. (a)(d) | 38,500 | 1,619,695 | |
Jabil Circuit, Inc. | 179,742 | 3,366,568 | |
KEMET Corp. (a) | 26,217 | 169,624 | |
KEY Tronic Corp. (a)(d) | 4,226 | 44,922 | |
LightPath Technologies, Inc. Class A (a) | 376 | 305 | |
Littelfuse, Inc. | 21,280 | 1,408,098 | |
LoJack Corp. (a) | 24,621 | 73,863 | |
LRAD Corp. (a) | 56,581 | 65,634 | |
Maxwell Technologies, Inc. (a)(d) | 18,344 | 160,510 | |
Measurement Specialties, Inc. (a) | 15,282 | 555,042 | |
Mercury Systems, Inc. (a)(d) | 23,393 | 160,242 | |
Mesa Laboratories, Inc. | 2,184 | 115,883 | |
Methode Electronics, Inc. Class A | 27,713 | 363,317 | |
MicroVision, Inc. (a)(d) | 33,140 | 56,669 | |
MOCON, Inc. | 2,209 | 31,743 | |
Molex, Inc. | 125,980 | 3,490,906 | |
MTS Systems Corp. | 16,730 | 903,420 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 156,467 | |
National Instruments Corp. (d) | 93,144 | 2,801,772 | |
Neonode, Inc. (a) | 20,693 | 110,294 | |
NetList, Inc. (a)(d) | 104,599 | 81,587 | |
Newport Corp. (a) | 32,467 | 530,835 | |
OSI Systems, Inc. (a) | 17,430 | 1,004,491 | |
Parametric Sound Corp. (a)(d) | 1,985 | 23,403 | |
Park Electrochemical Corp. | 16,314 | 412,744 | |
PC Connection, Inc. | 6,039 | 86,599 | |
PC Mall, Inc. (a) | 4,077 | 28,947 | |
Planar Systems, Inc. (a) | 2,277 | 4,395 | |
Plexus Corp. (a) | 33,577 | 817,936 | |
Power-One, Inc. (a)(d) | 91,675 | 390,536 | |
Pulse Electronics Corp. (a) | 50,135 | 19,452 | |
RadiSys Corp. (a) | 9,220 | 38,632 | |
RealD, Inc. (a)(d) | 37,860 | 440,690 | |
Research Frontiers, Inc. (a)(d) | 16,855 | 55,284 | |
Richardson Electronics Ltd. | 23,707 | 283,536 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 591,714 | |
Rogers Corp. (a) | 16,870 | 804,868 | |
Sanmina Corp. (a) | 72,340 | 740,762 | |
ScanSource, Inc. (a) | 19,738 | 592,337 | |
SYNNEX Corp. (a)(d) | 16,578 | 632,119 | |
TE Connectivity Ltd. | 402,703 | 16,160,471 | |
Tech Data Corp. (a) | 34,347 | 1,822,452 | |
Trimble Navigation Ltd. (a) | 118,068 | 7,016,781 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 373,280 | |
Uni-Pixel, Inc. (a)(d) | 8,000 | 188,800 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Universal Display Corp. (a)(d) | 33,587 | $ 1,053,960 | |
Viasystems Group, Inc. (a) | 4,710 | 66,788 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,646,336 | |
Vishay Precision Group, Inc. (a) | 9,596 | 134,824 | |
Wayside Technology Group, Inc. | 1,232 | 15,733 | |
Wireless Telecom Group, Inc. (a) | 11,200 | 14,896 | |
Zygo Corp. (a)(d) | 9,828 | 140,737 | |
| 113,673,848 | ||
Internet Software & Services - 2.3% | |||
Active Network, Inc. (a)(d) | 30,019 | 140,789 | |
Akamai Technologies, Inc. (a) | 164,615 | 6,084,170 | |
Angie's List, Inc. (a)(d) | 39,732 | 677,828 | |
AOL, Inc. (d) | 74,516 | 2,749,640 | |
Autobytel, Inc. (a) | 1,148 | 5,235 | |
Bankrate, Inc. (a) | 33,840 | 380,700 | |
Bazaarvoice, Inc. | 31,078 | 217,546 | |
Blucora, Inc. (a)(d) | 32,776 | 508,028 | |
Brightcove, Inc. (d) | 10,845 | 68,324 | |
BroadVision, Inc. (a) | 490 | 4,003 | |
Carbonite, Inc. (a)(d) | 4,801 | 47,146 | |
comScore, Inc. (a) | 21,331 | 340,016 | |
Constant Contact, Inc. (a)(d) | 30,835 | 435,699 | |
Cornerstone OnDemand, Inc. (a)(d) | 26,137 | 884,999 | |
CoStar Group, Inc. (a)(d) | 26,741 | 2,693,888 | |
Crexendo, Inc. | 6,585 | 17,780 | |
Daegis, Inc. (a) | 3,645 | 4,921 | |
DealerTrack Holdings, Inc. (a)(d) | 34,664 | 1,022,241 | |
Demand Media, Inc. (a)(d) | 42,676 | 345,676 | |
Demandware, Inc. | 6,200 | 163,990 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 341,169 | |
Digital River, Inc. (a) | 26,434 | 376,420 | |
EarthLink, Inc. | 80,611 | 468,350 | |
eBay, Inc. (a) | 1,094,418 | 59,842,776 | |
eGain Communications Corp. (a) | 8,558 | 68,378 | |
Equinix, Inc. (a)(d) | 44,811 | 9,479,767 | |
ExactTarget, Inc. (d) | 29,149 | 650,023 | |
Facebook, Inc. Class A | 511,909 | 13,949,520 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 10,795 | |
GlowPoint, Inc. (a) | 18,770 | 30,032 | |
Google, Inc. Class A (a) | 249,398 | 199,817,678 | |
IAC/InterActiveCorp (d) | 80,150 | 3,266,113 | |
Internap Network Services Corp. (a)(d) | 34,998 | 303,783 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
Inuvo, Inc. (a) | 9,640 | 6,758 | |
iPass, Inc. (a)(d) | 22,438 | 45,100 | |
j2 Global, Inc. | 38,868 | 1,386,810 | |
Keynote Systems, Inc. (d) | 17,976 | 274,673 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 70,132 | |
LinkedIn Corp. (a) | 62,394 | 10,493,423 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 747,500 | |
LivePerson, Inc. (a)(d) | 37,230 | 538,718 | |
| |||
Shares | Value | ||
Local Corp. (a)(d) | 28,399 | $ 47,426 | |
LogMeIn, Inc. (a)(d) | 22,955 | 409,976 | |
Marchex, Inc. Class B | 28,685 | 108,429 | |
Market Leader, Inc. (a) | 7,128 | 53,032 | |
MeetMe, Inc. (a)(d) | 18,724 | 48,121 | |
Millennial Media, Inc. (d) | 10,513 | 98,507 | |
Monster Worldwide, Inc. (a)(d) | 97,552 | 499,466 | |
Move, Inc. (a) | 35,516 | 346,636 | |
NIC, Inc. (d) | 78,994 | 1,399,774 | |
OpenTable, Inc. (a) | 23,366 | 1,299,150 | |
Perficient, Inc. (a) | 18,309 | 212,018 | |
QuinStreet, Inc. (a) | 17,620 | 100,963 | |
Rackspace Hosting, Inc. (a)(d) | 107,654 | 6,013,552 | |
RealNetworks, Inc. (a) | 28,670 | 208,431 | |
Responsys, Inc. (a) | 13,609 | 109,825 | |
Saba Software, Inc. (a) | 20,826 | 182,019 | |
SciQuest, Inc. (a) | 12,793 | 244,986 | |
Selectica, Inc. (a) | 552 | 5,757 | |
Spark Networks, Inc. (a)(d) | 3,502 | 25,284 | |
SPS Commerce, Inc. (a)(d) | 11,840 | 442,698 | |
Stamps.com, Inc. (a)(d) | 12,471 | 304,168 | |
Support.com, Inc. (a)(d) | 117,655 | 458,855 | |
Synacor, Inc. (d) | 8,243 | 27,119 | |
TechTarget, Inc. (a) | 1,217 | 5,915 | |
TheStreet.com, Inc. | 3,696 | 6,838 | |
Travelzoo, Inc. (a) | 5,383 | 113,420 | |
Trulia, Inc. (d) | 5,966 | 142,229 | |
United Online, Inc. | 71,982 | 424,694 | |
Unwired Planet, Inc. (a) | 76,683 | 154,133 | |
ValueClick, Inc. (a)(d) | 62,448 | 1,665,488 | |
VeriSign, Inc. (a)(d) | 144,977 | 6,639,947 | |
Vocus, Inc. (a)(d) | 23,379 | 328,241 | |
Web.com Group, Inc. (a)(d) | 25,389 | 433,644 | |
WebMD Health Corp. (a) | 42,908 | 948,267 | |
WebMediaBrands, Inc. (a) | 147 | 238 | |
XO Group, Inc. (a)(d) | 29,832 | 272,963 | |
Yahoo!, Inc. (a) | 1,002,327 | 21,359,588 | |
Yelp, Inc. (d) | 13,280 | 294,683 | |
Zix Corp. (a)(d) | 43,773 | 164,586 | |
| 364,775,976 | ||
IT Services - 3.4% | |||
Accenture PLC Class A | 602,434 | 44,796,992 | |
Acxiom Corp. (a) | 66,136 | 1,204,337 | |
Alliance Data Systems Corp. (a)(d) | 50,917 | 8,080,019 | |
Analysts International Corp. (a) | 1,000 | 3,670 | |
Automatic Data Processing, Inc. | 461,625 | 28,325,310 | |
Booz Allen Hamilton Holding Corp. Class A (d) | 29,672 | 379,802 | |
Broadridge Financial Solutions, Inc. | 107,819 | 2,474,446 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,038,447 | |
Cardtronics, Inc. (a) | 44,777 | 1,180,322 | |
Cass Information Systems, Inc. | 3,955 | 169,076 | |
Ciber, Inc. (a)(d) | 53,912 | 239,908 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Cognizant Technology Solutions Corp. Class A (a) | 279,212 | $ 21,435,105 | |
Computer Sciences Corp. | 143,307 | 6,883,035 | |
Computer Task Group, Inc. | 4,854 | 96,595 | |
Convergys Corp. (d) | 123,097 | 2,042,179 | |
CoreLogic, Inc. (a) | 88,040 | 2,281,116 | |
CSG Systems International, Inc. (a)(d) | 47,456 | 921,121 | |
CSP, Inc. | 3,696 | 25,133 | |
DST Systems, Inc. | 31,684 | 2,151,977 | |
Dynamics Research Corp. (a) | 2,443 | 14,438 | |
Edgewater Technology, Inc. (a) | 2,875 | 11,241 | |
EPAM Systems, Inc. (d) | 11,994 | 251,634 | |
Euronet Worldwide, Inc. (a)(d) | 47,939 | 1,157,247 | |
ExlService Holdings, Inc. (a)(d) | 20,701 | 626,619 | |
Fidelity National Information Services, Inc. | 242,609 | 9,134,229 | |
Fiserv, Inc. (a) | 126,468 | 10,384,287 | |
FleetCor Technologies, Inc. (a) | 39,405 | 2,750,863 | |
Forrester Research, Inc. | 10,441 | 286,710 | |
Gartner, Inc. Class A (a)(d) | 93,477 | 4,651,416 | |
Genpact Ltd. | 119,462 | 2,103,726 | |
Global Cash Access Holdings, Inc. (a) | 58,402 | 414,654 | |
Global Payments, Inc. | 75,409 | 3,635,468 | |
Hackett Group, Inc. | 12,619 | 58,426 | |
Heartland Payment Systems, Inc. | 30,852 | 959,497 | |
Higher One Holdings, Inc. (a)(d) | 26,817 | 239,744 | |
IBM Corp. | 995,045 | 199,834,887 | |
iGate Corp. (a)(d) | 19,383 | 370,409 | |
Information Services Group, Inc. (a) | 18,000 | 24,120 | |
Innodata, Inc. (a) | 14,010 | 48,895 | |
Jack Henry & Associates, Inc. | 77,862 | 3,404,127 | |
Lender Processing Services, Inc. | 87,526 | 2,149,639 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 132,497 | |
ManTech International Corp. Class A | 23,021 | 571,151 | |
MasterCard, Inc. Class A | 99,527 | 51,537,071 | |
Mattersight Corp. (a) | 4,307 | 19,640 | |
Maximus, Inc. | 30,123 | 2,192,352 | |
ModusLink Global Solutions, Inc. (a) | 31,030 | 89,366 | |
MoneyGram International, Inc. (a)(d) | 66,937 | 1,085,049 | |
NCI, Inc. Class A (a) | 12,261 | 61,673 | |
NeuStar, Inc. Class A (a)(d) | 66,766 | 2,927,689 | |
Online Resources Corp. (a) | 26,280 | 100,652 | |
Paychex, Inc. (d) | 286,984 | 9,499,170 | |
PFSweb, Inc. (a) | 1,815 | 6,262 | |
PRG-Schultz International, Inc. (a) | 5,640 | 36,660 | |
SAIC, Inc. (d) | 273,792 | 3,236,221 | |
Sapient Corp. (a) | 97,843 | 1,097,798 | |
ServiceSource International, Inc. (a) | 30,455 | 192,476 | |
StarTek, Inc. (a) | 2,150 | 10,793 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Sykes Enterprises, Inc. (a) | 30,728 | 456,618 | |
| |||
Shares | Value | ||
Syntel, Inc. | 16,557 | $ 996,069 | |
Teletech Holdings, Inc. (a) | 19,293 | 360,972 | |
Teradata Corp. (a) | 158,752 | 9,217,141 | |
The Management Network Group, Inc. (a) | 206 | 719 | |
The Western Union Co. | 556,142 | 7,802,672 | |
Total System Services, Inc. | 171,609 | 4,077,430 | |
Unisys Corp. (a)(d) | 35,389 | 813,239 | |
Vantiv, Inc. (d) | 35,941 | 782,076 | |
VeriFone Systems, Inc. (a) | 99,369 | 1,885,030 | |
Virtusa Corp. (a) | 14,018 | 293,677 | |
Visa, Inc. Class A | 486,399 | 77,162,337 | |
WEX, Inc. (a) | 33,822 | 2,536,988 | |
| 545,422,354 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | 9,788,851 | |
Zebra Technologies Corp. Class A (a) | 46,287 | 2,069,955 | |
| 11,858,806 | ||
Semiconductors & Semiconductor Equipment - 2.1% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 560,701 | |
Advanced Micro Devices, Inc. (a)(d) | 535,938 | 1,334,486 | |
AEHR Test Systems (a) | 3,126 | 2,813 | |
Aetrium, Inc. (a) | 2,064 | 1,548 | |
Altera Corp. | 296,178 | 10,490,625 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 465,616 | |
Amtech Systems, Inc. (a) | 12,381 | 49,400 | |
ANADIGICS, Inc. (a)(d) | 74,954 | 158,153 | |
Analog Devices, Inc. | 279,008 | 12,616,742 | |
Applied Materials, Inc. | 1,097,065 | 15,029,791 | |
Applied Micro Circuits Corp. (a)(d) | 98,689 | 784,578 | |
Atmel Corp. (a) | 430,659 | 2,928,481 | |
ATMI, Inc. (a) | 23,384 | 512,110 | |
Axcelis Technologies, Inc. (a) | 87,264 | 99,481 | |
AXT, Inc. (a) | 31,515 | 89,818 | |
Broadcom Corp. Class A | 472,870 | 16,129,596 | |
Brooks Automation, Inc. | 46,495 | 470,064 | |
BTU International, Inc. (a) | 4,067 | 11,835 | |
Cabot Microelectronics Corp. (d) | 30,653 | 1,047,413 | |
Cavium, Inc. (a)(d) | 42,834 | 1,581,431 | |
Ceva, Inc. (a) | 14,448 | 218,598 | |
Cirrus Logic, Inc. (a)(d) | 62,020 | 1,490,961 | |
Cohu, Inc. | 18,095 | 182,036 | |
Cree, Inc. (a)(d) | 109,699 | 4,961,686 | |
CVD Equipment Corp. (a)(d) | 24,298 | 247,840 | |
Cymer, Inc. (a) | 29,062 | 2,873,651 | |
Cypress Semiconductor Corp. (d) | 200,786 | 2,114,277 | |
Diodes, Inc. (a)(d) | 26,894 | 535,997 | |
DSP Group, Inc. (a) | 34,788 | 251,865 | |
Entegris, Inc. (a) | 143,226 | 1,362,079 | |
Entropic Communications, Inc. (a)(d) | 130,146 | 573,944 | |
Exar Corp. (a) | 27,190 | 319,483 | |
Fairchild Semiconductor International, Inc. (a) | 100,014 | 1,426,200 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
First Solar, Inc. (a)(d) | 62,639 | $ 1,619,218 | |
FormFactor, Inc. (a) | 44,109 | 221,427 | |
GigOptix, Inc. (a) | 17,428 | 19,171 | |
GSI Technology, Inc. (a) | 4,316 | 27,709 | |
GT Advanced Technologies, Inc. (a)(d) | 93,200 | 266,552 | |
Hittite Microwave Corp. (a)(d) | 24,952 | 1,617,389 | |
Ikanos Communications, Inc. (a) | 35,040 | 60,970 | |
Inphi Corp. (a)(d) | 18,384 | 177,589 | |
Integrated Device Technology, Inc. (a) | 100,471 | 683,203 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 230,223 | |
Intel Corp. | 4,659,552 | 97,151,659 | |
International Rectifier Corp. (a)(d) | 61,935 | 1,301,874 | |
Intersil Corp. Class A | 109,308 | 928,025 | |
Intest Corp. | 2,175 | 7,352 | |
IXYS Corp. | 38,644 | 385,281 | |
KLA-Tencor Corp. | 158,007 | 8,652,463 | |
Kopin Corp. (a) | 42,598 | 137,166 | |
Kulicke & Soffa Industries, Inc. (a) | 82,587 | 893,591 | |
Lam Research Corp. (a) | 168,446 | 7,125,266 | |
Lattice Semiconductor Corp. (a) | 136,230 | 637,556 | |
Linear Technology Corp. (d) | 206,542 | 7,898,166 | |
LSI Corp. (a) | 527,450 | 3,671,052 | |
LTX-Credence Corp. (a) | 48,731 | 282,640 | |
M/A-COM Technology Solutions, Inc. (d) | 10,000 | 162,000 | |
Marvell Technology Group Ltd. | 465,712 | 4,703,691 | |
Mattson Technology, Inc. (a) | 39,367 | 48,421 | |
Maxim Integrated Products, Inc. (d) | 279,986 | 8,729,963 | |
MaxLinear, Inc. Class A (a) | 15,441 | 90,793 | |
MEMC Electronic Materials, Inc. (a)(d) | 197,213 | 976,204 | |
Micrel, Inc. (d) | 33,398 | 351,347 | |
Microchip Technology, Inc. | 181,262 | 6,610,625 | |
Micron Technology, Inc. (a)(d) | 956,682 | 8,026,562 | |
Microsemi Corp. (a) | 78,145 | 1,612,131 | |
Mindspeed Technologies, Inc. (a)(d) | 20,470 | 91,092 | |
MKS Instruments, Inc. | 47,592 | 1,291,647 | |
Monolithic Power Systems, Inc. (d) | 35,284 | 867,634 | |
MoSys, Inc. (a)(d) | 9,566 | 33,194 | |
Nanometrics, Inc. (a) | 28,664 | 422,794 | |
NeoPhotonics Corp. (a) | 11,524 | 57,850 | |
NVE Corp. (a)(d) | 6,043 | 320,037 | |
NVIDIA Corp. | 580,786 | 7,352,751 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 684,112 | |
ON Semiconductor Corp. (a) | 400,227 | 3,201,816 | |
PDF Solutions, Inc. (a) | 17,331 | 269,324 | |
Peregrine Semiconductor Corp. (d) | 5,341 | 53,357 | |
Pericom Semiconductor Corp. (a) | 17,514 | 122,948 | |
Photronics, Inc. (a)(d) | 74,723 | 496,161 | |
Pixelworks, Inc. (a) | 11,868 | 28,721 | |
PLX Technology, Inc. (a) | 29,807 | 141,583 | |
PMC-Sierra, Inc. (a)(d) | 199,312 | 1,293,535 | |
Power Integrations, Inc. | 28,590 | 1,195,348 | |
| |||
Shares | Value | ||
QuickLogic Corp. (a)(d) | 38,003 | $ 82,086 | |
Rambus, Inc. (a) | 81,201 | 457,974 | |
RF Micro Devices, Inc. (a)(d) | 236,125 | 1,088,536 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 94,278 | |
Rudolph Technologies, Inc. (a)(d) | 29,614 | 326,346 | |
Semtech Corp. (a)(d) | 60,032 | 1,835,178 | |
Sigma Designs, Inc. (a)(d) | 22,818 | 106,104 | |
Silicon Image, Inc. (a) | 84,424 | 389,195 | |
Silicon Laboratories, Inc. (a)(d) | 36,210 | 1,503,439 | |
Skyworks Solutions, Inc. (a) | 195,201 | 4,157,781 | |
Spansion, Inc. Class A | 38,055 | 447,527 | |
STR Holdings, Inc. (a)(d) | 37,233 | 74,466 | |
SunPower Corp. (a)(d) | 29,517 | 346,530 | |
Supertex, Inc. | 19,548 | 441,589 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,992,062 | |
Tessera Technologies, Inc. | 44,982 | 802,479 | |
Texas Instruments, Inc. | 1,045,185 | 35,923,008 | |
TranSwitch Corp. (a) | 16,133 | 13,389 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 651,505 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 76,081 | |
Ultratech, Inc. (a) | 31,408 | 1,287,100 | |
Veeco Instruments, Inc. (a) | 36,173 | 1,154,280 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 19,822 | |
Volterra Semiconductor Corp. (a) | 28,138 | 431,918 | |
Xilinx, Inc. | 242,074 | 9,022,098 | |
| 327,879,253 | ||
Software - 3.5% | |||
Accelrys, Inc. (a) | 40,003 | 378,428 | |
ACI Worldwide, Inc. (a)(d) | 37,489 | 1,717,371 | |
Activision Blizzard, Inc. | 390,312 | 5,581,462 | |
Actuate Corp. (a) | 42,170 | 253,442 | |
Adobe Systems, Inc. (a) | 463,352 | 18,209,734 | |
Advent Software, Inc. (a)(d) | 32,795 | 859,229 | |
American Software, Inc. Class A | 10,878 | 88,764 | |
ANSYS, Inc. (a)(d) | 86,793 | 6,578,909 | |
Aspen Technology, Inc. (a) | 97,387 | 2,995,624 | |
Autodesk, Inc. (a) | 213,057 | 7,823,453 | |
Blackbaud, Inc. | 40,206 | 1,117,727 | |
BMC Software, Inc. (a) | 135,415 | 5,426,079 | |
Bottomline Technologies, Inc. (a)(d) | 34,478 | 935,388 | |
BroadSoft, Inc. (a) | 23,438 | 492,198 | |
BSQUARE Corp. (a) | 11,182 | 32,987 | |
CA Technologies, Inc. | 349,083 | 8,549,043 | |
Cadence Design Systems, Inc. (a)(d) | 280,788 | 3,975,958 | |
Callidus Software, Inc. (a)(d) | 16,907 | 73,545 | |
Citrix Systems, Inc. (a) | 175,074 | 12,412,747 | |
CommVault Systems, Inc. (a)(d) | 39,408 | 2,914,222 | |
Compuware Corp. (a) | 189,084 | 2,195,265 | |
Comverse, Inc. | 14,883 | 409,580 | |
Concur Technologies, Inc. (a)(d) | 46,147 | 3,239,519 | |
Datawatch Corp. (a) | 1,950 | 21,216 | |
Digimarc Corp. | 3,041 | 67,906 | |
Ebix, Inc. (d) | 31,393 | 503,230 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Electronic Arts, Inc. (a) | 280,403 | $ 4,915,465 | |
Ellie Mae, Inc. (a) | 15,823 | 321,207 | |
Envivio, Inc. | 6,801 | 11,562 | |
EPIQ Systems, Inc. | 38,746 | 482,000 | |
ePlus, Inc. | 1,206 | 55,428 | |
Evolving Systems, Inc. | 4,973 | 33,319 | |
FactSet Research Systems, Inc. (d) | 36,068 | 3,509,056 | |
Fair Isaac Corp. | 37,437 | 1,659,957 | |
FalconStor Software, Inc. (a) | 21,866 | 58,820 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 124,790 | 3,017,422 | |
Glu Mobile, Inc. (a)(d) | 98,358 | 223,273 | |
GSE Systems, Inc. (a) | 388 | 877 | |
Guidance Software, Inc. (a) | 3,531 | 34,639 | |
Guidewire Software, Inc. (a)(d) | 25,608 | 935,972 | |
Imperva, Inc. (a)(d) | 12,476 | 455,374 | |
Infoblox, Inc. (d) | 40,167 | 847,122 | |
Informatica Corp. (a) | 99,837 | 3,495,293 | |
Interactive Intelligence Group, Inc. (a) | 16,038 | 667,341 | |
Intuit, Inc. | 259,759 | 16,749,260 | |
Jive Software, Inc. (a)(d) | 30,754 | 509,901 | |
Majesco Entertainment Co. (a) | 19,952 | 10,664 | |
Manhattan Associates, Inc. (a)(d) | 20,570 | 1,437,020 | |
Marlborough Software Development Holdings, Inc. | 5,202 | 780 | |
Mentor Graphics Corp. (d) | 80,500 | 1,425,655 | |
MICROS Systems, Inc. (a)(d) | 71,058 | 3,041,282 | |
Microsoft Corp. | 7,095,764 | 197,262,239 | |
MicroStrategy, Inc. Class A (a) | 7,880 | 802,814 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 68,353 | |
Monotype Imaging Holdings, Inc. | 25,665 | 538,965 | |
Motricity, Inc. (a)(d) | 42,402 | 16,957 | |
NetScout Systems, Inc. (a) | 29,548 | 751,406 | |
NetSol Technologies, Inc. (a)(d) | 10,165 | 117,711 | |
NetSuite, Inc. (a)(d) | 30,845 | 2,152,673 | |
Nuance Communications, Inc. (a)(d) | 239,170 | 4,403,120 | |
Oracle Corp. | 3,523,355 | 120,710,142 | |
Parametric Technology Corp. (a) | 117,269 | 2,713,605 | |
Peerless Systems Corp. (a) | 172 | 550 | |
Pegasystems, Inc. | 16,328 | 447,224 | |
Pervasive Software, Inc. (a) | 4,203 | 38,457 | |
Progress Software Corp. (a) | 56,172 | 1,264,993 | |
Proofpoint, Inc. (d) | 6,483 | 90,632 | |
PROS Holdings, Inc. (a) | 12,895 | 336,044 | |
QAD, Inc. Class B | 4,298 | 51,705 | |
QLIK Technologies, Inc. (a) | 69,650 | 1,810,900 | |
Qualys, Inc. (d) | 7,387 | 87,610 | |
RealPage, Inc. (a)(d) | 33,089 | 716,708 | |
Red Hat, Inc. (a) | 178,129 | 9,050,734 | |
Rosetta Stone, Inc. (a) | 8,315 | 96,288 | |
Rovi Corp. (a) | 95,372 | 1,696,668 | |
| |||
Shares | Value | ||
salesforce.com, Inc. (a)(d) | 121,229 | $ 20,514,371 | |
SeaChange International, Inc. (a) | 17,668 | 203,535 | |
ServiceNow, Inc. (d) | 10,394 | 337,493 | |
Smith Micro Software, Inc. (a)(d) | 41,455 | 60,524 | |
SolarWinds, Inc. (a) | 59,019 | 3,332,213 | |
Solera Holdings, Inc. | 62,084 | 3,495,329 | |
Sonic Foundry, Inc. (a) | 155 | 1,070 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,426,558 | |
Splunk, Inc. | 20,016 | 723,178 | |
SS&C Technologies Holdings, Inc. (a) | 35,267 | 892,608 | |
Symantec Corp. (a) | 635,627 | 14,899,097 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 887,571 | |
Synopsys, Inc. (a) | 144,793 | 5,072,099 | |
Take-Two Interactive Software, Inc. (a)(d) | 76,173 | 1,115,173 | |
Tangoe, Inc. (a)(d) | 45,871 | 627,057 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 114,061 | |
TeleNav, Inc. (a) | 12,035 | 85,569 | |
TIBCO Software, Inc. (a) | 141,645 | 3,038,285 | |
TiVo, Inc. (a)(d) | 121,206 | 1,501,742 | |
Tyler Technologies, Inc. (a) | 30,080 | 1,696,512 | |
Ultimate Software Group, Inc. (a)(d) | 28,130 | 2,764,335 | |
Vasco Data Security International, Inc. (a) | 30,246 | 250,134 | |
Verint Systems, Inc. (a) | 42,645 | 1,457,180 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 1,486,565 | |
VMware, Inc. Class A (a)(d) | 80,645 | 5,792,730 | |
Vringo, Inc. (a)(d) | 39,609 | 120,411 | |
Wave Systems Corp. Class A (a)(d) | 62,248 | 54,778 | |
Websense, Inc. (a) | 31,243 | 468,333 | |
Workday, Inc. | 22,066 | 1,220,029 | |
Zynga, Inc. (a)(d) | 461,286 | 1,563,760 | |
| 551,180,513 | ||
TOTAL INFORMATION TECHNOLOGY | 2,751,342,683 | ||
MATERIALS - 3.8% | |||
Chemicals - 2.5% | |||
A. Schulman, Inc. | 30,292 | 949,654 | |
ADA-ES, Inc. (a)(d) | 14,209 | 377,533 | |
Air Products & Chemicals, Inc. | 196,426 | 16,959,421 | |
Airgas, Inc. | 67,095 | 6,728,287 | |
Albemarle Corp. | 82,305 | 5,356,409 | |
American Pacific Corp. (a) | 2,556 | 47,286 | |
American Vanguard Corp. | 23,997 | 744,627 | |
Arabian American Development Co. (a)(d) | 28,770 | 211,747 | |
Ashland, Inc. | 69,720 | 5,436,068 | |
Axiall Corp. | 65,100 | 3,683,358 | |
Balchem Corp. | 26,952 | 1,086,974 | |
Cabot Corp. | 56,337 | 2,072,075 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,418,181 | |
Celanese Corp. Class A (d) | 148,644 | 6,963,971 | |
CF Industries Holdings, Inc. | 60,942 | 12,238,982 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Chase Corp. | 3,188 | $ 60,062 | |
Chemtura Corp. (a) | 94,872 | 1,908,825 | |
Clean Diesel Technologies, Inc. (a)(d) | 42,378 | 101,283 | |
Core Molding Technologies, Inc. (a) | 5,919 | 41,137 | |
Cytec Industries, Inc. | 39,374 | 2,850,284 | |
E.I. du Pont de Nemours & Co. | 867,966 | 41,575,571 | |
Eastman Chemical Co. | 140,187 | 9,775,240 | |
Ecolab, Inc. | 245,228 | 18,772,203 | |
Ferro Corp. (a)(d) | 75,739 | 388,541 | |
Flotek Industries, Inc. (a)(d) | 68,404 | 960,392 | |
FMC Corp. | 127,997 | 7,713,099 | |
FutureFuel Corp. | 9,540 | 125,069 | |
GSE Holding, Inc. | 3,278 | 23,569 | |
H.B. Fuller Co. | 40,504 | 1,655,398 | |
Hawkins, Inc. (d) | 5,329 | 210,176 | |
Huntsman Corp. | 166,677 | 2,871,845 | |
Innophos Holdings, Inc. | 21,107 | 1,030,655 | |
International Flavors & Fragrances, Inc. | 78,743 | 5,746,664 | |
Intrepid Potash, Inc. (d) | 47,540 | 937,013 | |
KMG Chemicals, Inc. | 10,303 | 203,587 | |
Koppers Holdings, Inc. | 22,254 | 923,096 | |
Kraton Performance Polymers, Inc. (a) | 27,382 | 658,263 | |
Kronos Worldwide, Inc. (d) | 25,586 | 437,776 | |
Landec Corp. (a) | 25,874 | 284,873 | |
LSB Industries, Inc. (a) | 18,952 | 734,390 | |
LyondellBasell Industries NV Class A | 353,245 | 20,707,222 | |
Material Sciences Corp. (a)(d) | 4,565 | 46,335 | |
Minerals Technologies, Inc. | 52,154 | 2,098,677 | |
Monsanto Co. | 498,229 | 50,336,076 | |
NewMarket Corp. (d) | 10,242 | 2,577,604 | |
Olin Corp. (d) | 59,328 | 1,374,036 | |
OM Group, Inc. (a)(d) | 25,674 | 630,040 | |
OMNOVA Solutions, Inc. (a) | 35,057 | 280,807 | |
Penford Corp. (a) | 6,469 | 65,660 | |
PolyOne Corp. | 78,276 | 1,783,910 | |
PPG Industries, Inc. | 140,149 | 18,872,464 | |
Praxair, Inc. | 278,925 | 31,532,471 | |
Quaker Chemical Corp. | 14,473 | 830,895 | |
Rockwood Holdings, Inc. | 70,868 | 4,436,337 | |
RPM International, Inc. | 115,775 | 3,520,718 | |
Senomyx, Inc. (a) | 31,786 | 76,604 | |
Sensient Technologies Corp. | 58,886 | 2,173,482 | |
Sherwin-Williams Co. | 79,080 | 12,778,537 | |
Sigma Aldrich Corp. | 110,382 | 8,506,037 | |
Spartech Corp. (a) | 26,298 | 259,561 | |
Stepan Co. | 16,974 | 1,039,488 | |
The Dow Chemical Co. | 1,116,995 | 35,431,081 | |
The Mosaic Co. | 258,436 | 15,128,843 | |
The Scotts Miracle-Gro Co. Class A (d) | 31,090 | 1,377,598 | |
Tredegar Corp. | 24,439 | 598,267 | |
Tronox Ltd. Class A | 19,331 | 397,059 | |
| |||
Shares | Value | ||
Valhi, Inc. | 16,022 | $ 260,838 | |
Valspar Corp. | 85,270 | 5,253,485 | |
W.R. Grace & Co. (a) | 64,184 | 4,594,291 | |
Westlake Chemical Corp. | 20,522 | 1,769,407 | |
Zep, Inc. | 16,526 | 247,229 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 376,328 | |
| 393,624,971 | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 43,267 | 2,782,501 | |
Headwaters, Inc. (a) | 97,498 | 917,456 | |
Martin Marietta Materials, Inc. | 41,456 | 4,026,621 | |
Texas Industries, Inc. (a)(d) | 19,133 | 1,110,671 | |
U.S. Concrete, Inc. (a) | 13,793 | 135,171 | |
Vulcan Materials Co. | 120,291 | 6,126,421 | |
| 15,098,841 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 459,221 | |
Aptargroup, Inc. | 60,393 | 3,257,598 | |
Ball Corp. | 152,556 | 6,775,012 | |
Bemis Co., Inc. | 87,122 | 3,253,135 | |
Berry Plastics Group, Inc. | 28,788 | 553,305 | |
Boise, Inc. | 80,405 | 690,679 | |
Crown Holdings, Inc. (a) | 123,560 | 4,802,777 | |
Graphic Packaging Holding Co. (a) | 184,468 | 1,368,753 | |
Greif, Inc. Class A | 37,275 | 1,896,179 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 8,120 | |
Myers Industries, Inc. | 25,717 | 378,554 | |
Owens-Illinois, Inc. (a) | 155,209 | 3,957,830 | |
Packaging Corp. of America | 83,299 | 3,480,232 | |
Rock-Tenn Co. Class A | 65,822 | 5,821,956 | |
Sealed Air Corp. | 175,395 | 3,895,523 | |
Silgan Holdings, Inc. | 43,920 | 1,885,486 | |
Sonoco Products Co. | 95,840 | 3,044,837 | |
UFP Technologies, Inc. (a) | 2,454 | 46,430 | |
| 45,575,627 | ||
Metals & Mining - 0.7% | |||
A.M. Castle & Co. (a)(d) | 36,860 | 605,610 | |
AK Steel Holding Corp. (d) | 121,218 | 454,568 | |
Alcoa, Inc. (d) | 972,022 | 8,281,627 | |
Allegheny Technologies, Inc. | 102,039 | 3,109,128 | |
Allied Nevada Gold Corp. (a)(d) | 72,291 | 1,322,925 | |
Amcol International Corp. | 23,278 | 680,649 | |
Carpenter Technology Corp. | 37,349 | 1,763,993 | |
Century Aluminum Co. (a)(d) | 51,555 | 418,111 | |
Cliffs Natural Resources, Inc. (d) | 131,469 | 3,347,201 | |
Coeur d'Alene Mines Corp. (a) | 98,197 | 1,866,725 | |
Commercial Metals Co. | 130,792 | 2,133,218 | |
Compass Minerals International, Inc. | 30,663 | 2,260,476 | |
Comstock Mining, Inc. (a)(d) | 32,356 | 64,065 | |
Freeport-McMoRan Copper & Gold, Inc. | 888,082 | 28,347,577 | |
Friedman Industries | 2,001 | 21,891 | |
General Moly, Inc. (a) | 49,482 | 144,487 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Globe Specialty Metals, Inc. | 53,804 | $ 768,859 | |
Golden Minerals Co. (a)(d) | 55,854 | 161,977 | |
Handy & Harman Ltd. (a) | 5,646 | 91,465 | |
Haynes International, Inc. | 10,403 | 535,755 | |
Hecla Mining Co. (d) | 255,072 | 1,183,534 | |
Horsehead Holding Corp. (a)(d) | 39,520 | 417,726 | |
Kaiser Aluminum Corp. (d) | 16,273 | 996,559 | |
Materion Corp. | 22,336 | 617,814 | |
McEwen Mining, Inc. (a) | 217,690 | 528,987 | |
Metals USA Holdings Corp. | 10,388 | 215,447 | |
Mines Management, Inc. (a)(d) | 24,109 | 26,279 | |
Molycorp, Inc. (a)(d) | 115,663 | 710,171 | |
Newmont Mining Corp. | 460,156 | 18,539,685 | |
Noranda Aluminium Holding Corp. | 57,213 | 272,334 | |
Nucor Corp. | 296,896 | 13,375,165 | |
Olympic Steel, Inc. | 9,587 | 198,163 | |
Reliance Steel & Aluminum Co. | 68,490 | 4,560,749 | |
Royal Gold, Inc. | 59,947 | 3,928,926 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 830,048 | |
Schnitzer Steel Industries, Inc. Class A (d) | 20,284 | 580,325 | |
Silver Bull Resources, Inc. (a)(d) | 60,971 | 20,425 | |
Solitario Exploration & Royalty Corp. (a) | 18,115 | 28,078 | |
Steel Dynamics, Inc. | 191,858 | 2,929,672 | |
Stillwater Mining Co. (a)(d) | 106,954 | 1,394,680 | |
SunCoke Energy, Inc. (a) | 69,275 | 1,142,345 | |
Synalloy Corp. | 1,991 | 27,177 | |
Timberline Resources Corp. (a) | 18,994 | 3,609 | |
U.S. Silica Holdings, Inc. (d) | 14,625 | 359,629 | |
United States Steel Corp. (d) | 123,306 | 2,569,697 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 6,659 | 236,328 | |
US Antimony Corp. (a)(d) | 24,962 | 46,679 | |
Walter Energy, Inc. | 53,873 | 1,712,623 | |
Worthington Industries, Inc. | 60,686 | 1,719,841 | |
| 115,553,002 | ||
Paper & Forest Products - 0.2% | |||
Boise Cascade Co. | 11,500 | 311,650 | |
Buckeye Technologies, Inc. | 38,686 | 1,072,763 | |
Clearwater Paper Corp. (a) | 22,216 | 1,075,032 | |
Deltic Timber Corp. | 13,533 | 966,121 | |
Domtar Corp. | 31,471 | 2,346,478 | |
International Paper Co. | 404,904 | 17,819,825 | |
Kapstone Paper & Packaging Corp. | 34,137 | 909,410 | |
Louisiana-Pacific Corp. (a)(d) | 122,996 | 2,579,226 | |
MeadWestvaco Corp. | 171,723 | 6,132,228 | |
Neenah Paper, Inc. | 13,754 | 401,617 | |
P.H. Glatfelter Co. | 36,975 | 671,096 | |
Resolute Forest Products (a)(d) | 103,317 | 1,425,775 | |
Schweitzer-Mauduit International, Inc. | 24,906 | 917,786 | |
| |||
Shares | Value | ||
Verso Paper Corp. (a) | 23,529 | $ 25,176 | |
Wausau-Mosinee Paper Corp. | 43,988 | 434,162 | |
| 37,088,345 | ||
TOTAL MATERIALS | 606,940,786 | ||
TELECOMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 2.3% | |||
8x8, Inc. (a)(d) | 89,195 | 539,630 | |
Alaska Communication Systems Group, Inc. | 135,810 | 233,593 | |
Allegiance Telecom, Inc. (a)(d) | 7,100 | 0 | |
AT&T, Inc. | 5,313,513 | 190,808,252 | |
Atlantic Tele-Network, Inc. | 16,949 | 796,603 | |
Cbeyond, Inc. (a) | 59,758 | 419,501 | |
CenturyLink, Inc. (d) | 578,199 | 20,046,159 | |
Cincinnati Bell, Inc. (a)(d) | 198,209 | 644,179 | |
Cogent Communications Group, Inc. | 64,769 | 1,628,940 | |
Consolidated Communications Holdings, Inc. | 59,983 | 1,007,714 | |
Elephant Talk Communication, Inc. (a)(d) | 63,184 | 75,821 | |
FairPoint Communications, Inc. (a)(d) | 43,838 | 366,047 | |
Frontier Communications Corp. (d) | 931,518 | 3,856,485 | |
General Communications, Inc. Class A (a) | 33,964 | 286,996 | |
Hawaiian Telcom Holdco, Inc. (a) | 11,736 | 226,153 | |
HickoryTech Corp. | 2,523 | 23,691 | |
IDT Corp. Class B | 44,765 | 452,574 | |
inContact, Inc. (a)(d) | 42,838 | 290,870 | |
Iridium Communications, Inc. (a) | 61,404 | 375,178 | |
Level 3 Communications, Inc. (a)(d) | 161,071 | 3,218,199 | |
Lumos Networks Corp. | 15,837 | 180,859 | |
Neutral Tandem, Inc. | 28,172 | 96,630 | |
ORBCOMM, Inc. (a) | 20,031 | 88,337 | |
Premiere Global Services, Inc. (a) | 64,433 | 687,500 | |
Primus Telecommunications Group, Inc. | 10,437 | 114,703 | |
Towerstream Corp. (a)(d) | 39,383 | 98,064 | |
tw telecom, inc. (a) | 129,225 | 3,271,977 | |
Verizon Communications, Inc. | 2,670,665 | 124,266,042 | |
Vonage Holdings Corp. (a) | 140,662 | 371,348 | |
Windstream Corp. (d) | 539,024 | 4,630,216 | |
| 359,102,261 | ||
Wireless Telecommunication Services - 0.3% | |||
Boingo Wireless, Inc. (a) | 15,589 | 94,781 | |
Clearwire Corp. Class A (a) | 410,997 | 1,282,311 | |
Crown Castle International Corp. (a) | 268,137 | 18,715,963 | |
Leap Wireless International, Inc. (a)(d) | 51,525 | 275,659 | |
MetroPCS Communications, Inc. (a) | 316,592 | 3,102,602 | |
NII Holdings, Inc. (a)(d) | 144,839 | 698,124 | |
NTELOS Holdings Corp. | 10,948 | 136,631 | |
SBA Communications Corp. Class A (a)(d) | 109,238 | 7,769,007 | |
Shenandoah Telecommunications Co. | 22,919 | 330,263 | |
Sprint Nextel Corp. (a) | 2,784,811 | 16,151,904 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
Telephone & Data Systems, Inc. | 98,546 | $ 2,255,718 | |
U.S. Cellular Corp. (a)(d) | 27,310 | 1,004,735 | |
USA Mobility, Inc. | 43,148 | 501,380 | |
| 52,319,078 | ||
TOTAL TELECOMMUNICATION SERVICES | 411,421,339 | ||
UTILITIES - 3.5% | |||
Electric Utilities - 1.8% | |||
Allete, Inc. | 33,215 | 1,561,105 | |
American Electric Power Co., Inc. | 446,091 | 20,872,598 | |
Cleco Corp. (d) | 54,483 | 2,413,597 | |
Duke Energy Corp. | 665,471 | 46,083,867 | |
Edison International | 298,039 | 14,314,813 | |
El Paso Electric Co. | 44,691 | 1,490,445 | |
Empire District Electric Co. | 52,048 | 1,114,348 | |
Entergy Corp. | 167,660 | 10,438,512 | |
Exelon Corp. | 798,134 | 24,734,173 | |
FirstEnergy Corp. | 388,361 | 15,332,492 | |
Great Plains Energy, Inc. | 136,077 | 2,970,561 | |
Hawaiian Electric Industries, Inc. | 99,172 | 2,676,652 | |
IDACORP, Inc. | 44,055 | 2,056,928 | |
ITC Holdings Corp. | 54,901 | 4,640,233 | |
MGE Energy, Inc. | 22,576 | 1,211,880 | |
NextEra Energy, Inc. | 396,901 | 28,525,275 | |
Northeast Utilities | 298,461 | 12,389,116 | |
NV Energy, Inc. | 198,898 | 3,930,224 | |
OGE Energy Corp. | 100,519 | 5,821,055 | |
Otter Tail Corp. | 43,707 | 1,262,695 | |
Pepco Holdings, Inc. | 198,406 | 4,025,658 | |
Pinnacle West Capital Corp. | 94,072 | 5,262,388 | |
PNM Resources, Inc. | 67,114 | 1,507,380 | |
Portland General Electric Co. | 65,957 | 1,958,263 | |
PPL Corp. | 531,780 | 16,389,460 | |
Southern Co. | 819,798 | 36,899,108 | |
UIL Holdings Corp. | 48,015 | 1,880,267 | |
Unitil Corp. | 19,695 | 539,249 | |
UNS Energy Corp. | 32,111 | 1,509,859 | |
Westar Energy, Inc. (d) | 117,240 | 3,636,785 | |
Xcel Energy, Inc. | 463,832 | 13,311,978 | |
| 290,760,964 | ||
Gas Utilities - 0.3% | |||
AGL Resources, Inc. | 117,679 | 4,702,453 | |
Atmos Energy Corp. | 80,528 | 3,073,754 | |
Chesapeake Utilities Corp. | 10,363 | 497,735 | |
Delta Natural Gas Co., Inc. | 3,078 | 60,144 | |
Gas Natural, Inc. | 3,100 | 30,814 | |
Laclede Group, Inc. | 27,494 | 1,120,655 | |
National Fuel Gas Co. (d) | 80,051 | 4,658,168 | |
| |||
Shares | Value | ||
New Jersey Resources Corp. | 32,715 | $ 1,457,780 | |
Northwest Natural Gas Co. | 34,699 | 1,580,539 | |
ONEOK, Inc. | 190,309 | 8,562,002 | |
Piedmont Natural Gas Co., Inc. (d) | 66,004 | 2,127,969 | |
Questar Corp. | 154,003 | 3,620,611 | |
South Jersey Industries, Inc. | 25,563 | 1,409,544 | |
Southwest Gas Corp. | 43,172 | 1,955,692 | |
UGI Corp. | 101,658 | 3,641,390 | |
WGL Holdings, Inc. | 48,285 | 2,036,178 | |
| 40,535,428 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
American DG Energy, Inc. (a)(d) | 24,722 | 54,388 | |
Black Hills Corp. | 38,823 | 1,614,649 | |
Calpine Corp. (a)(d) | 357,032 | 6,569,389 | |
Dynegy, Inc. (a)(d) | 83,582 | 1,635,700 | |
Genie Energy Ltd. Class B | 11,430 | 80,239 | |
NRG Energy, Inc. | 283,859 | 6,812,616 | |
Ormat Technologies, Inc. (d) | 29,840 | 609,930 | |
Synthesis Energy Systems, Inc. (a)(d) | 39,903 | 42,696 | |
The AES Corp. | 613,866 | 7,133,123 | |
| 24,552,730 | ||
Multi-Utilities - 1.1% | |||
Alliant Energy Corp. | 123,112 | 5,871,211 | |
Ameren Corp. | 230,451 | 7,786,939 | |
Avista Corp. | 62,033 | 1,624,644 | |
CenterPoint Energy, Inc. | 384,116 | 8,231,606 | |
CH Energy Group, Inc. | 22,364 | 1,456,567 | |
CMS Energy Corp. | 217,136 | 5,777,989 | |
Consolidated Edison, Inc. | 267,067 | 15,756,953 | |
Dominion Resources, Inc. | 535,722 | 30,000,432 | |
DTE Energy Co. | 174,595 | 11,662,946 | |
Integrys Energy Group, Inc. | 70,869 | 4,009,059 | |
MDU Resources Group, Inc. | 177,407 | 4,286,153 | |
NiSource, Inc. | 277,276 | 7,680,545 | |
NorthWestern Energy Corp. | 42,329 | 1,649,984 | |
PG&E Corp. | 400,233 | 17,065,935 | |
Public Service Enterprise Group, Inc. | 481,767 | 15,700,787 | |
SCANA Corp. | 137,776 | 6,728,980 | |
Sempra Energy | 209,790 | 16,313,270 | |
TECO Energy, Inc. | 187,457 | 3,233,633 | |
Vectren Corp. | 88,091 | 2,907,003 | |
Wisconsin Energy Corp. | 210,137 | 8,678,658 | |
| 176,423,294 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 26,442 | 1,400,368 | |
American Water Works Co., Inc. | 164,099 | 6,473,706 | |
Aqua America, Inc. (d) | 151,195 | 4,404,310 | |
Artesian Resources Corp. Class A | 8,755 | 194,799 | |
Cadiz, Inc. (a)(d) | 5,759 | 38,816 | |
California Water Service Group | 51,749 | 1,038,085 | |
Connecticut Water Service, Inc. | 5,010 | 149,599 | |
Middlesex Water Co. | 7,054 | 137,271 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Pure Cycle Corp. (a) | 13,598 | $ 54,528 | |
SJW Corp. | 12,324 | 326,709 | |
York Water Co. | 5,248 | 96,878 | |
| 14,315,069 | ||
TOTAL UTILITIES | 546,587,485 | ||
TOTAL COMMON STOCKS (Cost $12,541,206,142) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal |
| ||
U.S. Treasury Bills, yield at date of purchase 0.08% to 0.14% 4/11/13 to 8/8/13 (e) | $ 14,000,000 |
|
Money Market Funds - 9.9% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 251,050,200 | 251,050,200 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 1,320,680,268 | 1,320,680,268 | |
TOTAL MONEY MARKET FUNDS (Cost $1,571,730,468) |
| ||
TOTAL INVESTMENT (Cost $14,126,932,564) | 17,202,934,121 | ||
NET OTHER ASSETS (LIABILITIES) - (8.7)% | (1,379,225,564) | ||
NET ASSETS - 100% | $ 15,823,708,557 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
288 CME S&P 500 Index Contracts | March 2013 | $ 108,957,600 | $ 6,174,424 | ||
749 CME E-mini S&P 500 Index Contracts | March 2013 | 56,673,085 | 3,298,524 | ||
110 CME E-mini S&P MidCap 400 Index Contracts | March 2013 | 12,118,700 | 948,344 | ||
266 NYFE Russell 2000 Mini Index Contracts | March 2013 | 24,211,320 | 2,022,798 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 201,960,705 | $ 12,444,090 |
|
The face value of futures purchased as a percentage of net assets is 1.4% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $11,776,149. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 287,077 |
Fidelity Securities Lending Cash Central Fund | 7,094,866 |
Total | $ 7,381,943 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,900,846,570 | $ 1,900,846,570 | $ - | $ - |
Consumer Staples | 1,474,260,627 | 1,474,260,627 | - | - |
Energy | 1,606,396,650 | 1,606,396,650 | - | - |
Financials | 2,687,885,279 | 2,687,883,265 | - | 2,014 |
Health Care | 1,871,399,851 | 1,871,399,850 | - | 1 |
Industrials | 1,760,126,554 | 1,760,119,350 | 7,204 | - |
Information Technology | 2,751,342,683 | 2,751,342,683 | - | - |
Materials | 606,940,786 | 606,940,786 | - | - |
Telecommunication Services | 411,421,339 | 411,421,339 | - | - |
Utilities | 546,587,485 | 546,587,485 | - | - |
U.S. Government and Government Agency Obligations | 13,995,829 | - | 13,995,829 | - |
Money Market Funds | 1,571,730,468 | 1,571,730,468 | - | - |
Total Investments in Securities: | $ 17,202,934,121 | $ 17,188,929,073 | $ 14,003,033 | $ 2,015 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,444,090 | $ 12,444,090 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,444,090 | $ - |
Total Value of Derivatives | $ 12,444,090 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,287,151,025) - See accompanying schedule: Unaffiliated issuers (cost $12,555,202,096) | $ 15,631,203,653 |
|
Fidelity Central Funds (cost $1,571,730,468) | 1,571,730,468 |
|
Total Investments (cost $14,126,932,564) |
| $ 17,202,934,121 |
Receivable for investments sold | 3,035,785 | |
Receivable for fund shares sold | 11,984,080 | |
Dividends receivable | 33,542,246 | |
Distributions receivable from Fidelity Central Funds | 558,348 | |
Receivable from investment adviser for expense reductions | 160,619 | |
Other receivables | 178,407 | |
Total assets | 17,252,393,606 | |
|
|
|
Liabilities | ||
Payable to custodian bank | $ 126,989 | |
Payable for investments purchased | 56,679,963 | |
Payable for fund shares redeemed | 49,799,670 | |
Accrued management fee | 591,657 | |
Payable for daily variation margin on futures contracts | 333,124 | |
Other affiliated payables | 297,617 | |
Other payables and accrued expenses | 175,761 | |
Collateral on securities loaned, at value | 1,320,680,268 | |
Total liabilities | 1,428,685,049 | |
|
|
|
Net Assets | $ 15,823,708,557 | |
Net Assets consist of: |
| |
Paid in capital | $ 13,071,285,937 | |
Undistributed net investment income | 46,240,356 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (382,263,383) | |
Net unrealized appreciation (depreciation) on investments | 3,088,445,647 | |
Net Assets | $ 15,823,708,557 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Class: | $ 44.06 | |
|
|
|
Institutional Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 44.05 | |
|
|
|
Class F: | $ 44.06 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements - continued
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 298,854,280 |
Interest |
| 13,404 |
Income from Fidelity Central Funds |
| 7,381,943 |
Total income |
| 306,249,627 |
|
|
|
Expenses | ||
Management fee | $ 6,141,448 | |
Transfer agent fees | 3,688,553 | |
Independent trustees' compensation | 87,852 | |
Miscellaneous | 34,265 | |
Total expenses before reductions | 9,952,118 | |
Expense reductions | (397,071) | 9,555,047 |
Net investment income (loss) | 296,694,580 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 52,234,181 | |
Foreign currency transactions | 1,127 | |
Futures contracts | 27,632,420 | |
Total net realized gain (loss) |
| 79,867,728 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 1,451,980,584 | |
Assets and liabilities in foreign currencies | (221) | |
Futures contracts | 220,387 | |
Total change in net unrealized appreciation (depreciation) |
| 1,452,200,750 |
Net gain (loss) | 1,532,068,478 | |
Net increase (decrease) in net assets resulting from operations | $ 1,828,763,058 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 296,694,580 | $ 209,840,887 |
Net realized gain (loss) | 79,867,728 | 578,441,424 |
Change in net unrealized appreciation (depreciation) | 1,452,200,750 | (263,122,528) |
Net increase (decrease) in net assets resulting from operations | 1,828,763,058 | 525,159,783 |
Distributions to shareholders from net investment income | (264,325,861) | (195,308,977) |
Share transactions - net increase (decrease) | 1,964,414,886 | (149,356,809) |
Redemption fees | 275,392 | 378,217 |
Total increase (decrease) in net assets | 3,529,127,475 | 180,872,214 |
|
|
|
Net Assets | ||
Beginning of period | 12,294,581,082 | 12,113,708,868 |
End of period (including undistributed net investment income of $46,240,356 and undistributed net investment income of $27,909,802, respectively) | $ 15,823,708,557 | $ 12,294,581,082 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .87 | .68 | .61 | .56 | .70 |
Net realized and unrealized gain (loss) | 4.40 | .96 | 7.03 | 10.96 | (16.70) |
Total from investment operations | 5.27 | 1.64 | 7.64 | 11.52 | (16.00) |
Distributions from net investment income | (.77) | (.65) | (.60) | (.57) | (.64) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.77) | (.65) | (.62) | (.58) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 |
Total Return A | 13.50% | 4.46% | 24.39% | 56.10% | (43.32)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 2.15% | 1.84% | 1.80% | 2.00% | 2.23% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 1,305,435 | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. CFees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share. I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .89 | .69 | .62 | .57 | .72 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.03 | 10.95 | (16.71) |
Total from investment operations | 5.28 | 1.66 | 7.65 | 11.52 | (15.99) |
Distributions from net investment income | (.78) | (.66) | (.61) | (.57) | (.65) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.78) | (.66) | (.63) | (.59) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 |
Total Return A | 13.53% | 4.51% | 24.43% | 56.07% | (43.28)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .07% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .07% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 2.18% | 1.87% | 1.83% | 2.03% | 2.26% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 10,262,592 | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share. I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .89 | .36 |
Net realized and unrealized gain (loss) | 4.40 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.55% | 16.49% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 2.19% | 2.03% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 876,155 | $ 693,534 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. |
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .90 | .36 |
Net realized and unrealized gain (loss) | 4.39 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.57% | 16.50% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .06% | .06% A |
Expenses net of fee waivers, if any | .05% L | .05% A, L |
Expenses net of all reductions | .05% L | .05% A, L |
Net investment income (loss) | 2.20% | 2.02% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 546,329 | $ 189,758 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. L Amount represents .045%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2013 | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
|
Net investment income (loss) D | .90 | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.02 | 1.67 |
Total from investment operations | 5.29 | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.79) | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | - | (.02) | (.02) |
Total distributions | (.79) | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 13.55% | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
|
Expenses before reductions | .05% L | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .05% L | .06% | .07% | .07% A |
Expenses net of all reductions | .05% L | .06% | .07% | .07% A |
Net investment income (loss) | 2.20% | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,833,198 | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 3% | 17% | 4% | 7% |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share. L Amount represents .046%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
1. Organization.
Spartan Total Market Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager. Investment income, realized and unrealized capital gains and losses, the common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions also differ by class.
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by FMR and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Annual Report
3. Significant Accounting Policies - continued
Investment Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, is included at the end of the Fund's Schedule of Investments.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 4,313,659,382 |
Gross unrealized depreciation | (1,277,823,266) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 3,035,836,116 |
|
|
Tax Cost | $ 14,167,098,005 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 46,416,105 |
Capital loss carryforward | $ (329,653,844) |
Net unrealized appreciation (depreciation) | $ 3,035,836,116 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
2017 | $ (82,640,415) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | $ (329,653,844) |
The tax character of distributions paid was as follows:
| February 28, 2013 | February 29, 2012 |
Ordinary Income | $ 264,325,861 | $ 195,308,977 |
Short-Term Trading (Redemption) Fees. Shares held by investors in the Fund less than 90 days are subject to a redemption fee equal to .50% of the net asset value of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Annual Report
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
|
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of activity for the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
During the period the Fund recognized net realized gain (loss) of $27,632,420 and a change in net unrealized appreciation (depreciation) of $220,387 related to its investment in futures contracts. These amounts are included in the Statement of Operations.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, aggregated $2,333,261,563 and $350,473,786, respectively.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
Annual Report
Notes to Financial Statements - continued
6. Fees and Other Transactions with Affiliates - continued
Management Fee and Expense Contract - continued
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.
Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Investor Class | $ 1,608,860 |
Fidelity Advantage Class | 1,808,389 |
Institutional Class | 198,032 |
Fidelity Advantage Institutional Class | 73,272 |
| $ 3,688,553 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $34,265 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, there were no borrowings on this line of credit.
8. Security Lending.
The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $7,094,866. During the period, there were no securities loaned to FCM.
Annual Report
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2014. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.
| Expense | Reimbursement |
Institutional Class | .06% / .05%* | $ 102,634 |
Fidelity Advantage Class | .06%* | 216,903 |
Fidelity Advantage Institutional Class | .045% | 77,053 |
|
| $ 396,590 |
* Expense limitation effective January 1, 2013.
Through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's management fee by $481.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 58,496,193 | $ 74,011,128 |
Fidelity Advantage Class | 134,301,377 | 90,014,851 |
Institutional Class | 15,312,994 | 6,818,791 |
Fidelity Advantage Institutional Class | 9,729,037 | 2,620,049 |
Class F | 46,486,260 | 21,844,158 |
Total | $ 264,325,861 | $ 195,308,977 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 18,000,373 | 37,550,760 | $ 734,600,452 | $ 1,388,868,676 |
Reinvestment of distributions | 1,376,779 | 2,008,028 | 55,808,530 | 71,680,307 |
Shares redeemed | (75,188,401) | (117,221,767) B | (3,168,012,059) | (4,390,559,721) B |
Net increase (decrease) | (55,811,249) | (77,662,979) | $ (2,377,603,077) | $ (2,930,010,738) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 97,957,582 | 52,795,658 | $ 4,121,057,430 | $ 2,007,116,846 |
Reinvestment of distributions | 2,934,640 | 2,192,081 | 119,002,705 | 77,894,521 |
Shares redeemed | (33,199,050) | (21,435,179) | (1,350,946,307) | (789,876,393) |
Net increase (decrease) | 67,693,172 | 33,552,560 | $ 2,889,113,828 | $ 1,295,134,974 |
Institutional Class |
|
|
|
|
Shares sold | 8,433,106 | 17,993,180 | $ 338,510,978 | $ 649,476,736 |
Reinvestment of distributions | 377,853 | 194,656 | 15,312,994 | 6,818,791 |
Shares redeemed | (6,455,224) | (654,011) | (253,857,664) | (24,602,098) |
Net increase (decrease) | 2,355,735 | 17,533,825 | $ 99,966,308 | $ 631,693,429 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 10,372,973 | 4,871,455 | $ 406,066,075 | $ 179,033,674 |
Reinvestment of distributions | 239,832 | 74,794 | 9,729,037 | 2,620,049 |
Shares redeemed | (3,007,383) | (148,799) | (124,740,192) | (5,550,895) |
Net increase (decrease) | 7,605,422 | 4,797,450 | $ 291,054,920 | $ 176,102,828 |
Annual Report
Notes to Financial Statements - continued
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Class F |
|
|
|
|
Shares sold | 31,085,123 | 22,439,089 | $ 1,254,633,446 | $ 826,126,384 |
Reinvestment of distributions | 1,145,187 | 617,949 | 46,486,260 | 21,844,158 |
Shares redeemed | (5,709,687) | (4,602,865) | (239,236,799) | (170,247,844) |
Net increase (decrease) | 26,520,623 | 18,454,173 | $ 1,061,882,907 | $ 677,722,698 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions.
12. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Annual Report
Shareholder Expense Example
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| Annualized | Beginning | Ending | Expenses Paid |
Spartan Extended Market Index |
|
|
|
|
Investor Class | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.40 | $ .53 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.30 | $ .37 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.40 | $ .32 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Spartan International Index |
|
|
|
|
Investor Class | .20% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,139.80 | $ 1.06 |
HypotheticalA |
| $ 1,000.00 | $ 1,023.80 | $ 1.00 |
Fidelity Advantage Class | .12% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.00 | $ .64 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.20 | $ .60 |
Institutional Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.20 | $ .37 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
| Annualized | Beginning | Ending | Expenses Paid |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.30 | $ .32 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).
Annual Report
Spartan Extended Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan Extended Market Index Fund - Fidelity Advantage Institutional ClassA | 14.04% | 7.69% | 12.15% |
A The initial offering of Fidelity Advantage Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan® Extended Market Index Fund - Fidelity Advantage Institutional Class on on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Completion Total Stock Market Index performed over the same period. The initial offering of Fidelity Advantage Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Fidelity Advantage Institutional Class.
Annual Report
Spartan Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Extended Market Index Fund: For the year, the fund's Fidelity Advantage® Institutional Class shares gained 14.04%, compared with 13.80% for the fund's benchmark, the Dow Jones U.S. Completion Total Stock Market IndexSM. Of the 10 market sectors in the index, nine generated positive performance, with energy the only exception. Among the gainers, financials and health care did the best, each generating a gain of around 20%. The fund's leading individual contributor was HollyFrontier, an independent oil refinery whose shares were up sharply during the period. Cheaper energy costs have enabled HollyFrontier and its competitors to operate more profitably. Liberty Global, a provider of video, Internet and telephone service, and shares of Starz, a media and entertainment company spun off from Liberty Global in August, also added value, as did LinkedIn, a business-oriented social media company whose stock jumped in February after the firm announced much-better-than-expected fourth-quarter earnings. One notable negative during the period was VeriFone Systems, whose shares were down roughly 60% - including 43% on a single day in late February, after the company, which makes credit-card payment terminals, predicted that Europe's poor economy would depress the company's profits. Also hurting results was Herbalife. A well-known hedge fund manager honed in on this maker of nutrition and personal care products, essentially accusing the company of operating a pyramid scheme - something the company's management has categorically denied. While the company's shares dropped sharply in December, it made up a significant portion of the decline in the subsequent months.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan Extended Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
General Motors Co. | 0.6 | 0.4 |
Transocean Ltd. (United States) | 0.6 | 0.0 |
Las Vegas Sands Corp. | 0.6 | 0.6 |
Liberty Global, Inc. Class A | 0.5 | 0.5 |
Annaly Capital Management, Inc. | 0.5 | 0.6 |
Facebook, Inc. Class A | 0.5 | 0.3 |
Regeneron Pharmaceuticals, Inc. | 0.4 | 0.4 |
Delta Air Lines, Inc. | 0.4 | 0.3 |
Liberty Media Corp. Class A | 0.4 | 0.0 |
HollyFrontier Corp. | 0.4 | 0.3 |
| 4.9 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Financials | 22.8 | 22.5 |
Consumer Discretionary | 15.4 | 16.3 |
Industrials | 15.3 | 14.1 |
Information Technology | 14.8 | 15.3 |
Health Care | 10.5 | 10.7 |
Energy | 6.6 | 5.6 |
Materials | 5.6 | 6.2 |
Utilities | 3.6 | 3.7 |
Consumer Staples | 3.2 | 3.3 |
Telecommunication Services | 0.9 | 1.0 |
Annual Report
Spartan Extended Market Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 15.4% | |||
Auto Components - 0.9% | |||
Allison Transmission Holdings, Inc. | 76,706 | $ 1,771,909 | |
American Axle & Manufacturing Holdings, Inc. (a) | 172,886 | 2,187,008 | |
Cooper Tire & Rubber Co. | 161,372 | 4,079,484 | |
Dana Holding Corp. | 384,916 | 6,439,645 | |
Dorman Products, Inc. (d) | 82,023 | 2,867,524 | |
Drew Industries, Inc. | 48,740 | 1,773,161 | |
Exide Technologies (a) | 194,496 | 521,249 | |
Federal-Mogul Corp. Class A (a) | 60,748 | 490,844 | |
Fuel Systems Solutions, Inc. (a)(d) | 31,837 | 442,216 | |
Gentex Corp. (d) | 355,459 | 6,664,856 | |
Gentherm, Inc. (a) | 70,617 | 1,087,502 | |
Lear Corp. | 244,133 | 13,041,585 | |
Modine Manufacturing Co. (a) | 132,459 | 1,091,462 | |
Motorcar Parts of America, Inc. (a) | 33,298 | 182,140 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 23,585 | 16,274 | |
Shiloh Industries, Inc. | 9,407 | 98,585 | |
Spartan Motors, Inc. | 62,902 | 332,752 | |
Standard Motor Products, Inc. | 59,935 | 1,482,193 | |
Stoneridge, Inc. (a) | 65,396 | 421,804 | |
Strattec Security Corp. | 6,920 | 196,874 | |
Superior Industries International, Inc. | 56,407 | 1,226,852 | |
Tenneco, Inc. (a) | 164,792 | 5,838,581 | |
Tower International, Inc. (a) | 17,465 | 210,279 | |
TRW Automotive Holdings Corp. (a) | 254,300 | 14,924,867 | |
UQM Technologies, Inc. (a)(d) | 78,497 | 58,873 | |
Visteon Corp. (a) | 134,057 | 7,812,842 | |
| 75,261,361 | ||
Automobiles - 0.8% | |||
General Motors Co. (a)(d) | 1,951,627 | 52,986,668 | |
Tesla Motors, Inc. (a)(d) | 179,803 | 6,262,538 | |
Thor Industries, Inc. (d) | 110,352 | 4,148,132 | |
Winnebago Industries, Inc. (a) | 74,520 | 1,444,198 | |
| 64,841,536 | ||
Distributors - 0.3% | |||
Core-Mark Holding Co., Inc. | 32,914 | 1,577,239 | |
LKQ Corp. (a) | 753,377 | 15,964,059 | |
Pool Corp. | 112,674 | 5,151,455 | |
VOXX International Corp. (a)(d) | 62,477 | 621,646 | |
Weyco Group, Inc. | 16,952 | 390,913 | |
| 23,705,312 | ||
Diversified Consumer Services - 0.7% | |||
American Public Education, Inc. (a)(d) | 44,261 | 1,725,294 | |
Ascent Capital Group, Inc. (a)(d) | 34,050 | 2,335,490 | |
Bridgepoint Education, Inc. (a)(d) | 51,097 | 521,700 | |
Bright Horizons Family Solutions, Inc. | 25,400 | 710,184 | |
Cambium Learning Group, Inc. (a) | 16,192 | 19,754 | |
Capella Education Co. (a)(d) | 34,672 | 1,097,716 | |
Career Education Corp. (a) | 137,751 | 440,803 | |
| |||
Shares | Value | ||
Carriage Services, Inc. | 49,366 | $ 898,461 | |
Coinstar, Inc. (a)(d) | 76,335 | 3,907,589 | |
Collectors Universe, Inc. (d) | 17,833 | 197,411 | |
Corinthian Colleges, Inc. (a)(d) | 178,249 | 379,670 | |
DeVry, Inc. (d) | 163,000 | 4,886,740 | |
Education Management Corp. (a)(d) | 71,409 | 254,216 | |
Grand Canyon Education, Inc. (a) | 101,607 | 2,433,488 | |
Hillenbrand, Inc. | 148,874 | 3,675,699 | |
ITT Educational Services, Inc. (a)(d) | 44,919 | 618,984 | |
K12, Inc. (a)(d) | 95,189 | 1,984,691 | |
Learning Tree International, Inc. (a) | 12,160 | 46,086 | |
LifeLock, Inc. | 37,658 | 438,716 | |
Lincoln Educational Services Corp. | 64,172 | 404,925 | |
Mac-Gray Corp. | 25,136 | 312,189 | |
Matthews International Corp. Class A | 61,846 | 2,040,918 | |
National American University Holdings, Inc. | 23,237 | 90,392 | |
Regis Corp. (d) | 140,330 | 2,528,747 | |
Service Corp. International | 578,446 | 8,989,051 | |
Sotheby's Class A (Ltd. vtg.) (d) | 170,852 | 6,531,672 | |
Steiner Leisure Ltd. (a) | 31,260 | 1,473,909 | |
Stewart Enterprises, Inc. Class A | 181,075 | 1,533,705 | |
Strayer Education, Inc. (d) | 31,745 | 1,558,362 | |
Universal Technical Institute, Inc. | 48,727 | 568,157 | |
Weight Watchers International, Inc. (d) | 66,068 | 2,830,353 | |
| 55,435,072 | ||
Hotels, Restaurants & Leisure - 2.9% | |||
AFC Enterprises, Inc. (a) | 62,034 | 1,861,020 | |
Ambassadors Group, Inc. | 48,627 | 218,822 | |
Ameristar Casinos, Inc. | 83,030 | 2,175,386 | |
ARK Restaurants Corp. | 8,457 | 180,219 | |
Bally Technologies, Inc. (a)(d) | 110,933 | 5,297,051 | |
Biglari Holdings, Inc. (a)(d) | 3,343 | 1,251,552 | |
BJ's Restaurants, Inc. (a)(d) | 64,098 | 1,973,577 | |
Bloomin' Brands, Inc. | 63,870 | 1,099,203 | |
Bluegreen Corp. (a) | 26,636 | 259,967 | |
Bob Evans Farms, Inc. | 71,704 | 2,918,353 | |
Boyd Gaming Corp. (a)(d) | 138,515 | 910,044 | |
Bravo Brio Restaurant Group, Inc. (a) | 41,389 | 624,146 | |
Brinker International, Inc. | 188,247 | 6,283,685 | |
Buffalo Wild Wings, Inc. (a)(d) | 43,913 | 3,455,514 | |
Burger King Worldwide, Inc. | 201,153 | 3,671,042 | |
Caesars Entertainment Corp. (d) | 63,112 | 788,900 | |
Carrols Restaurant Group, Inc. (a)(d) | 55,247 | 293,914 | |
CEC Entertainment, Inc. | 53,783 | 1,626,936 | |
Century Casinos, Inc. (a) | 54,140 | 159,713 | |
Choice Hotels International, Inc. (d) | 86,880 | 3,304,046 | |
Churchill Downs, Inc. | 34,319 | 2,264,368 | |
Chuys Holdings, Inc. (d) | 14,879 | 424,200 | |
Cosi, Inc. (a) | 62,262 | 54,168 | |
Cracker Barrel Old Country Store, Inc. | 57,580 | 4,334,622 | |
Del Frisco's Restaurant Group, Inc. (a) | 13,704 | 241,053 | |
Denny's Corp. (a) | 245,910 | 1,391,851 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
DineEquity, Inc. | 36,952 | $ 2,582,575 | |
Domino's Pizza, Inc. | 143,654 | 6,840,803 | |
Dover Downs Gaming & Entertainment, Inc. | 28,631 | 66,710 | |
Dover Motorsports, Inc. | 22,686 | 38,566 | |
Dunkin' Brands Group, Inc. (d) | 207,385 | 7,704,353 | |
Einstein Noah Restaurant Group, Inc. | 16,381 | 220,161 | |
Empire Resorts, Inc. (a)(d) | 26,500 | 53,265 | |
Entertainment Gaming Asia, Inc. (a) | 41,906 | 82,136 | |
Famous Dave's of America, Inc. (a) | 15,087 | 148,456 | |
Fiesta Restaurant Group, Inc. (a) | 41,197 | 931,052 | |
Frisch's Restaurants, Inc. | 8,068 | 153,453 | |
Full House Resorts, Inc. (a) | 24,413 | 81,539 | |
Gaming Partners International Corp. | 1,584 | 12,466 | |
Granite City Food & Brewery Ltd. (a) | 2,301 | 4,464 | |
Hyatt Hotels Corp. Class A (a) | 136,316 | 5,601,224 | |
Ignite Restaurant Group, Inc. (a) | 12,461 | 174,952 | |
International Speedway Corp. Class A | 76,829 | 2,315,626 | |
Interval Leisure Group, Inc. | 95,505 | 1,993,189 | |
Isle of Capri Casinos, Inc. (a) | 62,455 | 414,077 | |
Jack in the Box, Inc. (a) | 113,324 | 3,587,838 | |
Jamba, Inc. (a)(d) | 190,500 | 533,400 | |
Kona Grill, Inc. (a) | 10,220 | 86,870 | |
Krispy Kreme Doughnuts, Inc. (a) | 168,974 | 2,230,457 | |
Lakes Entertainment, Inc. (a) | 51,180 | 154,564 | |
Las Vegas Sands Corp. | 901,974 | 46,442,641 | |
Life Time Fitness, Inc. (a)(d) | 100,324 | 4,227,653 | |
Luby's, Inc. (a) | 41,544 | 338,168 | |
Marcus Corp. | 44,387 | 541,965 | |
Marriott Vacations Worldwide Corp. (a) | 72,432 | 2,988,544 | |
MAXXAM, Inc. (a) | 8 | 4,840 | |
MGM Mirage, Inc. (a) | 938,375 | 11,720,304 | |
Monarch Casino & Resort, Inc. (a) | 28,201 | 283,702 | |
Morgans Hotel Group Co. (a) | 89,969 | 441,748 | |
MTR Gaming Group, Inc. (a) | 47,245 | 181,893 | |
Multimedia Games Holding Co., Inc. (a) | 77,444 | 1,448,203 | |
Nathan's Famous, Inc. (a) | 7,826 | 286,745 | |
Norwegian Cruise Line Holdings Ltd. (d) | 59,000 | 1,827,820 | |
Orient Express Hotels Ltd. Class A (a) | 222,453 | 2,297,939 | |
Panera Bread Co. Class A (a) | 70,750 | 11,387,213 | |
Papa John's International, Inc. (a) | 47,394 | 2,464,962 | |
Penn National Gaming, Inc. (a)(d) | 167,235 | 8,336,665 | |
Pinnacle Entertainment, Inc. (a) | 143,901 | 2,014,614 | |
Premier Exhibitions, Inc. (a) | 49,299 | 113,388 | |
Red Lion Hotels Corp. (a) | 40,106 | 289,164 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 45,201 | 1,938,219 | |
Rick's Cabaret International, Inc. (a) | 17,933 | 152,610 | |
Royal Caribbean Cruises Ltd. | 357,576 | 12,468,675 | |
Ruby Tuesday, Inc. (a)(d) | 132,312 | 971,170 | |
Ruth's Hospitality Group, Inc. (a)(d) | 79,897 | 723,867 | |
Scientific Games Corp. Class A (a) | 151,632 | 1,364,688 | |
| |||
Shares | Value | ||
SHFL Entertainment, Inc. (a) | 149,495 | $ 2,370,991 | |
Six Flags Entertainment Corp. | 134,637 | 8,995,098 | |
Sonic Corp. (a)(d) | 134,092 | 1,513,899 | |
Speedway Motorsports, Inc. | 37,455 | 609,018 | |
Texas Roadhouse, Inc. Class A | 141,782 | 2,742,064 | |
The Cheesecake Factory, Inc. | 138,221 | 4,787,975 | |
Town Sports International Holdings, Inc. | 44,383 | 411,430 | |
Vail Resorts, Inc. | 91,200 | 5,037,888 | |
Wendy's Co. | 820,657 | 4,669,538 | |
WMS Industries, Inc. (a) | 135,114 | 3,383,255 | |
| 232,854,104 | ||
Household Durables - 1.3% | |||
American Greetings Corp. Class A (d) | 80,329 | 1,301,330 | |
Bassett Furniture Industries, Inc. | 26,134 | 380,250 | |
Beazer Homes USA, Inc. (a)(d) | 58,949 | 917,836 | |
Blyth, Inc. (d) | 30,867 | 441,089 | |
Cavco Industries, Inc. (a)(d) | 15,629 | 705,024 | |
Cobra Electronics Corp. (a) | 2,458 | 8,259 | |
CSS Industries, Inc. | 25,514 | 612,591 | |
Dixie Group, Inc. (a) | 9,546 | 40,857 | |
Emerson Radio Corp. (a) | 24,397 | 40,255 | |
Ethan Allen Interiors, Inc. (d) | 65,707 | 1,835,854 | |
Flexsteel Industries, Inc. | 13,576 | 312,248 | |
Furniture Brands International, Inc. (a)(d) | 96,407 | 87,730 | |
Helen of Troy Ltd. (a) | 82,338 | 3,053,093 | |
Hooker Furniture Corp. (d) | 28,322 | 425,113 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 270,421 | 1,581,963 | |
iRobot Corp. (a)(d) | 70,540 | 1,512,378 | |
Jarden Corp. (d) | 195,174 | 12,122,257 | |
KB Home (d) | 199,841 | 3,735,028 | |
Kid Brands, Inc. (a) | 42,456 | 65,382 | |
Koss Corp. | 1,389 | 6,876 | |
La-Z-Boy, Inc. | 136,599 | 2,502,494 | |
Libbey, Inc. (a) | 55,448 | 1,017,471 | |
Lifetime Brands, Inc. | 17,993 | 195,584 | |
M.D.C. Holdings, Inc. | 95,439 | 3,667,721 | |
M/I Homes, Inc. (a)(d) | 59,187 | 1,355,382 | |
Meritage Homes Corp. (a)(d) | 84,822 | 3,434,443 | |
Mohawk Industries, Inc. (a) | 145,243 | 15,398,663 | |
NACCO Industries, Inc. Class A | 15,913 | 924,386 | |
NVR, Inc. (a) | 11,951 | 12,060,949 | |
Ryland Group, Inc. | 112,867 | 4,031,609 | |
Sealy Corp., Inc. (a)(d) | 239,859 | 522,893 | |
Skullcandy, Inc. (a)(d) | 35,352 | 215,647 | |
Skyline Corp. (a) | 14,802 | 67,941 | |
Standard Pacific Corp. (a)(d) | 272,235 | 2,215,993 | |
Stanley Furniture Co., Inc. (a) | 37,789 | 175,341 | |
Tempur-Pedic International, Inc. (a)(d) | 149,070 | 6,122,305 | |
Toll Brothers, Inc. (a) | 375,191 | 12,801,517 | |
TRI Pointe Homes, Inc. | 33,900 | 623,760 | |
Tupperware Brands Corp. | 142,523 | 11,149,574 | |
Universal Electronics, Inc. (a)(d) | 42,510 | 830,645 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Wells-Gardner Electronics Corp. (a) | 4,238 | $ 8,222 | |
Zagg, Inc. (a)(d) | 58,700 | 430,271 | |
| 108,938,224 | ||
Internet & Catalog Retail - 0.6% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 119,868 | 515,432 | |
Blue Nile, Inc. (a)(d) | 34,050 | 1,155,317 | |
CafePress, Inc. | 18,875 | 131,181 | |
dELiA*s, Inc. (a) | 47,804 | 49,238 | |
Gaiam, Inc. Class A (a)(d) | 35,599 | 129,580 | |
Geeknet, Inc. (a) | 16,239 | 259,986 | |
Groupon, Inc. Class A (a)(d) | 689,498 | 3,123,426 | |
Hollywood Media Corp. (a) | 72,242 | 96,082 | |
HomeAway, Inc. (a) | 87,491 | 2,580,985 | |
HSN, Inc. | 102,794 | 5,499,479 | |
Kayak Software Corp. (d) | 8,136 | 324,382 | |
Liberty Media Corp.: | |||
Interactive Series A (a) | 1,307,488 | 27,300,349 | |
Series A (a) | 72,200 | 5,212,840 | |
NutriSystem, Inc. (d) | 57,407 | 472,460 | |
Orbitz Worldwide, Inc. (a) | 57,753 | 246,028 | |
Overstock.com, Inc. (a)(d) | 32,352 | 375,930 | |
PetMed Express, Inc. | 45,901 | 580,648 | |
Shutterfly, Inc. (a) | 75,702 | 3,276,383 | |
U.S. Auto Parts Network, Inc. (a) | 28,450 | 37,270 | |
ValueVision Media, Inc. Class A (a)(d) | 73,905 | 193,631 | |
Vitacost.com, Inc. (a)(d) | 55,838 | 412,643 | |
| 51,973,270 | ||
Leisure Equipment & Products - 0.4% | |||
Arctic Cat, Inc. (a)(d) | 32,216 | 1,170,407 | |
Black Diamond, Inc. (a)(d) | 60,682 | 484,242 | |
Brunswick Corp. (d) | 226,186 | 8,242,218 | |
Callaway Golf Co. | 169,550 | 1,139,376 | |
Escalade, Inc. | 6,336 | 36,622 | |
JAKKS Pacific, Inc. (d) | 48,535 | 591,156 | |
Johnson Outdoors, Inc. Class A (a) | 11,512 | 263,395 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 119,221 | 1,021,724 | |
Marine Products Corp. | 22,297 | 149,836 | |
Meade Instruments Corp. (a) | 201 | 322 | |
Nautilus, Inc. (a) | 71,481 | 408,871 | |
Polaris Industries, Inc. | 161,373 | 14,099,159 | |
Smith & Wesson Holding Corp. (a)(d) | 163,613 | 1,562,504 | |
Steinway Musical Instruments, Inc. (a) | 17,768 | 399,069 | |
Sturm, Ruger & Co., Inc. (d) | 53,045 | 2,896,787 | |
Summer Infant, Inc. (a) | 37,416 | 75,954 | |
| 32,541,642 | ||
Media - 2.7% | |||
A.H. Belo Corp. Class A | 45,144 | 227,074 | |
AMC Networks, Inc. Class A (a) | 146,257 | 8,395,152 | |
Arbitron, Inc. | 64,979 | 3,043,616 | |
Ballantyne of Omaha, Inc. (a) | 47,765 | 172,432 | |
| |||
Shares | Value | ||
Beasley Broadcast Group, Inc. Class A (d) | 4,117 | $ 21,491 | |
Belo Corp. Series A | 257,053 | 2,220,938 | |
Carmike Cinemas, Inc. (a) | 41,423 | 648,684 | |
Central European Media Enterprises Ltd. Class A (a)(d) | 83,990 | 439,268 | |
Charter Communications, Inc. Class A (a) | 114,400 | 9,883,016 | |
Cinemark Holdings, Inc. | 254,815 | 7,083,857 | |
Clear Channel Outdoor Holding, Inc. Class A | 93,060 | 707,256 | |
Crown Media Holdings, Inc. Class A (a)(d) | 89,832 | 172,477 | |
Cumulus Media, Inc. Class A (a)(d) | 145,433 | 475,566 | |
Dex One Corp. (a) | 104,262 | 185,586 | |
Digital Cinema Destinations Co. | 8,182 | 48,928 | |
Digital Generation, Inc. (a)(d) | 69,421 | 538,013 | |
DISH Network Corp. Class A | 580,877 | 20,214,520 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 185,384 | 3,077,374 | |
E.W. Scripps Co. Class A (a) | 90,471 | 977,992 | |
Emmis Communications Corp. Class A (a) | 80,456 | 129,534 | |
Entercom Communications Corp. Class A (a)(d) | 52,600 | 395,026 | |
Entravision Communication Corp. Class A | 171,104 | 342,208 | |
FAB Universal Corp. (a)(d) | 15,525 | 54,338 | |
Fisher Communications, Inc. | 18,212 | 669,655 | |
Gray Television, Inc. (a) | 114,472 | 477,348 | |
Harris Interactive, Inc. (a) | 49,977 | 82,462 | |
Harte-Hanks, Inc. | 112,719 | 819,467 | |
Insignia Systems, Inc. (a)(d) | 22,896 | 44,189 | |
John Wiley & Sons, Inc. Class A | 127,316 | 4,657,219 | |
Journal Communications, Inc. Class A (a) | 87,795 | 480,239 | |
Lamar Advertising Co. Class A (a) | 145,198 | 6,713,956 | |
Liberty Global, Inc. Class A (a)(d) | 625,051 | 43,059,763 | |
Liberty Media Corp. Class A (a) | 284,004 | 30,672,432 | |
LIN TV Corp. Class A (a) | 76,893 | 874,273 | |
Live Nation Entertainment, Inc.��(a) | 374,586 | 3,966,866 | |
Martha Stewart Living Omnimedia, Inc. Class A (a) | 61,948 | 159,206 | |
Media General, Inc. Class A (a)(d) | 50,209 | 245,522 | |
Meredith Corp. (d) | 89,189 | 3,747,722 | |
Morningstar, Inc. | 62,709 | 4,300,583 | |
National CineMedia, Inc. | 141,197 | 2,153,254 | |
Navarre Corp. (a) | 74,677 | 150,101 | |
Nexstar Broadcasting Group, Inc. Class A | 53,895 | 800,880 | |
NTN Communications, Inc. (a) | 49,847 | 10,971 | |
Outdoor Channel Holdings, Inc. | 45,301 | 338,398 | |
Pandora Media, Inc. (a)(d) | 246,406 | 3,006,153 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 89,989 | 129,584 | |
ReachLocal, Inc. (a)(d) | 35,865 | 449,388 | |
Reading International, Inc. Class A (a) | 33,132 | 182,226 | |
Regal Entertainment Group Class A (d) | 219,584 | 3,440,881 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Rentrak Corp. (a)(d) | 22,587 | $ 472,068 | |
RLJ Entertainment, Inc. (a) | 42,349 | 167,279 | |
Saga Communications, Inc. Class A | 9,540 | 418,806 | |
Salem Communications Corp. Class A | 20,080 | 126,102 | |
Scholastic Corp. (d) | 68,051 | 2,048,335 | |
Shutterstock, Inc. | 11,144 | 363,294 | |
Sinclair Broadcast Group, Inc. Class A | 127,974 | 1,801,874 | |
Sirius XM Radio, Inc. (d) | 8,343,866 | 25,865,985 | |
Spanish Broadcasting System, Inc. Class A (a) | 17,489 | 43,897 | |
SPAR Group, Inc. (a) | 4,346 | 7,997 | |
Starz - Liberty Capital Series A (a) | 281,219 | 5,219,425 | |
SuperMedia, Inc. (a)(d) | 55,648 | 224,818 | |
The Madison Square Garden Co. Class A (a) | 154,191 | 8,622,361 | |
The McClatchy Co. Class A (a)(d) | 133,924 | 348,202 | |
The New York Times Co. Class A (a) | 312,545 | 3,022,310 | |
Valassis Communications, Inc. (d) | 103,593 | 2,847,772 | |
Value Line, Inc. | 1,396 | 13,443 | |
World Wrestling Entertainment, Inc. Class A | 81,907 | 682,285 | |
| 223,383,337 | ||
Multiline Retail - 0.3% | |||
ALCO Stores, Inc. (a)(d) | 8,410 | 66,691 | |
Big Lots, Inc. (a) | 144,800 | 4,821,840 | |
Dillard's, Inc. Class A | 83,865 | 6,682,363 | |
Fred's, Inc. Class A (d) | 107,249 | 1,455,369 | |
Gordmans Stores, Inc. (a) | 23,635 | 314,582 | |
Saks, Inc. (a)(d) | 251,611 | 2,868,365 | |
Sears Holdings Corp. (a)(d) | 91,998 | 4,139,910 | |
The Bon-Ton Stores, Inc. (d) | 31,972 | 343,060 | |
Tuesday Morning Corp. (a) | 98,488 | 876,543 | |
| 21,568,723 | ||
Specialty Retail - 3.3% | |||
Aarons, Inc. Class A | 180,314 | 4,920,769 | |
Advance Auto Parts, Inc. | 185,879 | 14,190,003 | |
Aeropostale, Inc. (a)(d) | 217,864 | 2,836,589 | |
America's Car Mart, Inc. (a) | 24,361 | 1,163,481 | |
American Eagle Outfitters, Inc. | 455,789 | 9,425,717 | |
ANN, Inc. (a) | 124,977 | 3,535,599 | |
Appliance Recycling Centers of America, Inc. (a) | 2,967 | 4,213 | |
Asbury Automotive Group, Inc. (a) | 76,736 | 2,590,607 | |
Ascena Retail Group, Inc. (a) | 321,579 | 5,399,311 | |
Barnes & Noble, Inc. (a)(d) | 96,172 | 1,513,747 | |
bebe Stores, Inc. | 123,042 | 487,246 | |
Big 5 Sporting Goods Corp. | 45,760 | 713,398 | |
Body Central Corp. (a) | 37,768 | 291,191 | |
Books-A-Million, Inc. (a)(d) | 28,953 | 70,645 | |
Brown Shoe Co., Inc. (d) | 105,571 | 1,731,364 | |
Build-A-Bear Workshop, Inc. (a) | 42,241 | 210,360 | |
| |||
Shares | Value | ||
Cabela's, Inc. Class A (a) | 118,130 | $ 5,976,197 | |
Cache, Inc. (a)(d) | 37,741 | 162,286 | |
Chico's FAS, Inc. (d) | 415,690 | 7,058,416 | |
Christopher & Banks Corp. (a) | 115,035 | 695,962 | |
Citi Trends, Inc. (a) | 33,140 | 341,011 | |
Coldwater Creek, Inc. (a)(d) | 34,874 | 125,198 | |
Conn's, Inc. (a)(d) | 54,789 | 1,755,440 | |
Destination Maternity Corp. | 25,288 | 566,198 | |
Destination XL Group, Inc. (a) | 107,460 | 487,868 | |
Dick's Sporting Goods, Inc. | 245,359 | 12,267,950 | |
Dover Saddlery, Inc. (a) | 1,537 | 5,871 | |
DSW, Inc. Class A | 80,873 | 5,474,293 | |
Express, Inc. (a) | 220,196 | 4,073,626 | |
Finish Line, Inc. Class A | 125,201 | 2,267,390 | |
Five Below, Inc. (d) | 23,309 | 927,698 | |
Foot Locker, Inc. | 378,452 | 12,939,274 | |
Francescas Holdings Corp. (a)(d) | 85,644 | 2,179,640 | |
Genesco, Inc. (a) | 62,055 | 3,641,387 | |
GNC Holdings, Inc. | 195,746 | 8,025,586 | |
Group 1 Automotive, Inc. | 57,507 | 3,320,454 | |
Guess?, Inc. (d) | 149,730 | 4,146,024 | |
Hastings Entertainment, Inc. | 13,630 | 28,623 | |
Haverty Furniture Companies, Inc. | 46,862 | 859,918 | |
hhgregg, Inc. (a)(d) | 51,212 | 479,344 | |
Hibbett Sports, Inc. (a)(d) | 73,219 | 3,868,892 | |
Hot Topic, Inc. | 107,234 | 1,158,127 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 68,429 | 2,839,804 | |
Kirkland's, Inc. (a) | 44,730 | 520,657 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 52,852 | 2,172,217 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 67,415 | 3,990,294 | |
MarineMax, Inc. (a) | 54,407 | 704,571 | |
Mattress Firm Holding Corp. (a)(d) | 24,340 | 677,869 | |
Monro Muffler Brake, Inc. (d) | 74,466 | 2,758,965 | |
New York & Co., Inc. (a) | 66,787 | 287,852 | |
Office Depot, Inc. (a)(d) | 728,569 | 2,936,133 | |
OfficeMax, Inc. (d) | 212,989 | 2,549,478 | |
Pacific Sunwear of California, Inc. (a) | 152,515 | 323,332 | |
Penske Automotive Group, Inc. | 108,623 | 3,232,620 | |
Perfumania Holdings, Inc. (a) | 10,679 | 65,676 | |
Pier 1 Imports, Inc. | 278,323 | 6,253,918 | |
RadioShack Corp. (d) | 249,697 | 749,091 | |
Rent-A-Center, Inc. (d) | 153,385 | 5,564,808 | |
Restoration Hardware Holdings, Inc. (d) | 11,887 | 458,957 | |
rue21, Inc. (a) | 37,922 | 1,023,894 | |
Sally Beauty Holdings, Inc. (a) | 393,555 | 10,917,216 | |
Sears Hometown & Outlet Stores, Inc. (a) | 21,721 | 968,105 | |
Select Comfort Corp. (a)(d) | 140,605 | 2,886,621 | |
Shoe Carnival, Inc. | 42,345 | 822,763 | |
Signet Jewelers Ltd. (d) | 204,639 | 12,528,000 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 95,599 | 2,135,682 | |
Stage Stores, Inc. | 85,893 | 2,120,698 | |
Stein Mart, Inc. | 74,833 | 636,829 | |
Systemax, Inc. | 25,296 | 251,695 | |
Tandy Leather Factory, Inc. | 3,074 | 18,751 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
The Buckle, Inc. (d) | 69,005 | $ 3,092,114 | |
The Cato Corp. Class A (sub. vtg.) | 68,042 | 1,745,958 | |
The Children's Place Retail Stores, Inc. (a) | 66,414 | 3,019,180 | |
The Men's Wearhouse, Inc. | 121,263 | 3,409,916 | |
The Pep Boys - Manny, Moe & Jack (a)(d) | 127,903 | 1,423,560 | |
Tile Shop Holdings, Inc. (a)(d) | 80,742 | 1,423,481 | |
Tilly's, Inc. (a) | 23,212 | 308,255 | |
Tractor Supply Co. | 178,449 | 18,556,912 | |
Trans World Entertainment Corp. | 29,120 | 110,365 | |
Ulta Salon, Cosmetics & Fragrance, Inc. | 149,883 | 13,273,638 | |
Vitamin Shoppe, Inc. (a)(d) | 76,522 | 4,021,231 | |
West Marine, Inc. (a) | 30,261 | 378,565 | |
Wet Seal, Inc. Class A (a) | 251,975 | 740,807 | |
Williams-Sonoma, Inc. | 225,006 | 10,215,272 | |
Winmark Corp. | 5,172 | 319,733 | |
Zale Corp. (a) | 86,417 | 339,619 | |
Zumiez, Inc. (a)(d) | 62,820 | 1,438,578 | |
| 266,130,593 | ||
Textiles, Apparel & Luxury Goods - 1.2% | |||
American Apparel, Inc. (a)(d) | 88,306 | 117,447 | |
Carter's, Inc. (a) | 124,214 | 7,006,912 | |
Charles & Colvard Ltd. (a) | 24,954 | 88,836 | |
Cherokee, Inc. | 28,809 | 402,462 | |
Columbia Sportswear Co. (d) | 45,436 | 2,523,061 | |
Crocs, Inc. (a) | 232,029 | 3,517,560 | |
Crown Crafts, Inc. | 2,227 | 13,028 | |
Culp, Inc. | 19,568 | 307,413 | |
Deckers Outdoor Corp. (a)(d) | 88,109 | 3,554,317 | |
Delta Apparel, Inc. (a) | 17,128 | 280,728 | |
DGSE Companies, Inc. (a) | 6,929 | 42,267 | |
Fifth & Pacific Companies, Inc. (a)(d) | 283,485 | 5,128,244 | |
Forward Industries, Inc. (NY Shares) (a) | 18,823 | 36,893 | |
G-III Apparel Group Ltd. (a)(d) | 43,174 | 1,575,851 | |
Hanesbrands, Inc. (a) | 241,533 | 9,574,368 | |
Iconix Brand Group, Inc. (a)(d) | 168,100 | 3,970,522 | |
Joe's Jeans, Inc. (a) | 112,776 | 156,759 | |
K-Swiss, Inc. Class A (a)(d) | 60,461 | 284,771 | |
Lakeland Industries, Inc. (a) | 25,549 | 124,935 | |
Maidenform Brands, Inc. (a) | 78,925 | 1,514,571 | |
Michael Kors Holdings Ltd. (a) | 298,548 | 17,697,925 | |
Movado Group, Inc. | 44,549 | 1,605,546 | |
Oxford Industries, Inc. | 39,771 | 1,933,268 | |
Perry Ellis International, Inc. | 47,883 | 776,662 | |
Quiksilver, Inc. (a) | 310,754 | 1,942,213 | |
R.G. Barry Corp. | 22,932 | 282,981 | |
Rocky Brands, Inc. (a) | 16,536 | 228,528 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 99,983 | 2,089,645 | |
Steven Madden Ltd. (a) | 105,647 | 4,657,976 | |
Superior Uniform Group, Inc. | 5,649 | 65,811 | |
| |||
Shares | Value | ||
Tandy Brands Accessories, Inc. (a) | 1,058 | $ 751 | |
The Jones Group, Inc. | 206,755 | 2,385,953 | |
True Religion Apparel, Inc. | 71,106 | 1,897,819 | |
Tumi Holdings, Inc. (d) | 48,911 | 1,156,256 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 195,728 | 9,645,476 | |
Unifi, Inc. (a) | 45,178 | 707,487 | |
Vera Bradley, Inc. (a)(d) | 51,675 | 1,302,210 | |
Wolverine World Wide, Inc. (d) | 122,733 | 5,179,333 | |
| 93,776,785 | ||
TOTAL CONSUMER DISCRETIONARY | 1,250,409,959 | ||
CONSUMER STAPLES - 3.2% | |||
Beverages - 0.1% | |||
Boston Beer Co., Inc. Class A (a)(d) | 22,500 | 3,497,175 | |
Central European Distribution Corp. (a)(d) | 176,985 | 128,031 | |
Coca-Cola Bottling Co. CONSOLIDATED | 11,601 | 759,053 | |
Craft Brew Alliance, Inc. (a) | 22,005 | 145,453 | |
Crystal Rock Holdings, Inc. (a) | 4,384 | 4,472 | |
MGP Ingredients, Inc. | 21,690 | 89,797 | |
National Beverage Corp. | 48,005 | 642,307 | |
Primo Water Corp. (a)(d) | 43,402 | 44,270 | |
REED'S, Inc. (a)(d) | 9,804 | 40,294 | |
| 5,350,852 | ||
Food & Staples Retailing - 0.5% | |||
Andersons, Inc. | 43,673 | 2,143,471 | |
Arden Group, Inc. Class A | 3,147 | 286,755 | |
Casey's General Stores, Inc. (d) | 98,334 | 5,564,721 | |
Chefs' Warehouse Holdings (a) | 27,477 | 494,586 | |
Crumbs Bake Shop, Inc. (a)(d) | 21,400 | 54,570 | |
Fresh Market, Inc. (a) | 104,472 | 4,870,485 | |
Harris Teeter Supermarkets, Inc. | 124,584 | 5,357,112 | |
Ingles Markets, Inc. Class A | 32,319 | 664,479 | |
Nash-Finch Co. | 43,985 | 843,192 | |
Natural Grocers by Vitamin Cottage, Inc. (d) | 17,265 | 357,386 | |
PriceSmart, Inc. (d) | 45,845 | 3,399,407 | |
Rite Aid Corp. (a)(d) | 1,841,116 | 3,019,430 | |
Roundy's, Inc. (d) | 76,810 | 440,121 | |
Spartan Stores, Inc. | 52,974 | 882,547 | |
SUPERVALU, Inc. (d) | 545,406 | 2,165,262 | |
Susser Holdings Corp. (a) | 47,862 | 2,119,329 | |
The Pantry, Inc. (a) | 53,093 | 660,477 | |
United Natural Foods, Inc. (a) | 123,597 | 6,256,480 | |
Village Super Market, Inc. Class A | 10,961 | 358,973 | |
Weis Markets, Inc. | 33,559 | 1,357,797 | |
| 41,296,580 | ||
Food Products - 1.7% | |||
Alico, Inc. | 8,218 | 352,141 | |
Annie's, Inc. (d) | 27,540 | 1,155,578 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
B&G Foods, Inc. Class A | 132,996 | $ 3,910,082 | |
Boulder Brands, Inc. (a)(d) | 166,496 | 1,418,546 | |
Bunge Ltd. (d) | 370,553 | 27,461,683 | |
Cal-Maine Foods, Inc. | 32,565 | 1,318,557 | |
Calavo Growers, Inc. (d) | 37,834 | 1,065,027 | |
Chiquita Brands International, Inc. (a) | 107,864 | 669,835 | |
Coffee Holding Co., Inc. | 4,500 | 33,075 | |
Darling International, Inc. (a) | 302,429 | 5,047,540 | |
Diamond Foods, Inc. (d) | 58,739 | 912,217 | |
Dole Food Co., Inc. (a)(d) | 97,530 | 1,092,336 | |
Farmer Brothers Co. (a) | 16,489 | 209,245 | |
Flowers Foods, Inc. | 301,999 | 8,510,332 | |
Fresh Del Monte Produce, Inc. | 108,218 | 2,823,408 | |
Golden Enterprises Ltd. | 2,595 | 8,615 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 314,504 | 15,020,711 | |
Griffin Land & Nurseries, Inc. | 6,082 | 177,473 | |
Hain Celestial Group, Inc. (a)(d) | 112,553 | 6,162,277 | |
Hillshire Brands Co. | 302,402 | 9,797,825 | |
Ingredion, Inc. | 192,887 | 12,769,119 | |
Inventure Foods, Inc. (a) | 25,815 | 190,515 | |
J&J Snack Foods Corp. | 32,646 | 2,259,756 | |
John B. Sanfilippo & Son, Inc. | 24,690 | 470,591 | |
Lancaster Colony Corp. | 51,289 | 3,752,816 | |
Lifeway Foods, Inc. (d) | 13,382 | 155,900 | |
Limoneira Co. | 16,924 | 333,572 | |
Omega Protein Corp. (a) | 45,997 | 380,855 | |
Overhill Farms, Inc. (a) | 28,537 | 117,002 | |
Pilgrims Pride Corp. (a) | 158,457 | 1,396,006 | |
Post Holdings, Inc. (a) | 78,241 | 3,024,797 | |
Rocky Mountain Chocolate Factory, Inc. | 795 | 9,763 | |
S&W Seed Co. (a) | 7,560 | 67,208 | |
Sanderson Farms, Inc. | 53,062 | 2,691,835 | |
Seneca Foods Corp. Class A (a) | 22,104 | 674,614 | |
Smithfield Foods, Inc. (a) | 355,784 | 7,912,636 | |
Snyders-Lance, Inc. | 136,755 | 3,386,054 | |
Tootsie Roll Industries, Inc. (d) | 71,986 | 2,021,367 | |
TreeHouse Foods, Inc. (a) | 92,107 | 5,378,128 | |
WhiteWave Foods Co. (d) | 56,182 | 878,686 | |
| 135,017,723 | ||
Household Products - 0.5% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 119,241 | 1,040,974 | |
Church & Dwight Co., Inc. | 347,127 | 21,507,989 | |
Energizer Holdings, Inc. | 156,638 | 14,399,731 | |
Harbinger Group, Inc. (a) | 49,662 | 425,603 | |
Ocean Bio-Chem, Inc. (a) | 20,307 | 49,752 | |
Oil-Dri Corp. of America | 15,023 | 413,433 | |
Orchids Paper Products Co. | 28,220 | 618,582 | |
| |||
Shares | Value | ||
Spectrum Brands Holdings, Inc. | 58,470 | $ 3,162,642 | |
WD-40 Co. | 45,270 | 2,454,087 | |
| 44,072,793 | ||
Personal Products - 0.3% | |||
CCA Industries, Inc. | 3,083 | 13,164 | |
Cyanotech Corp. (a) | 3,808 | 16,755 | |
Elizabeth Arden, Inc. (a) | 63,196 | 2,458,324 | |
Herbalife Ltd. (d) | 275,536 | 11,101,345 | |
Inter Parfums, Inc. | 38,625 | 967,943 | |
LifeVantage Corp. (a)(d) | 307,054 | 776,847 | |
Mannatech, Inc. (a) | 1,576 | 9,062 | |
MediFast, Inc. (a)(d) | 33,601 | 778,871 | |
Natural Alternatives International, Inc. (a) | 20,104 | 97,102 | |
Nature's Sunshine Products, Inc. (d) | 23,769 | 343,700 | |
Nu Skin Enterprises, Inc. Class A (d) | 135,340 | 5,576,008 | |
Nutraceutical International Corp. | 24,021 | 393,704 | |
Prestige Brands Holdings, Inc. (a)(d) | 128,511 | 3,057,277 | |
Reliv International, Inc. | 10,690 | 12,614 | |
Revlon, Inc. (a) | 42,260 | 952,963 | |
Star Scientific, Inc. (a)(d) | 300,350 | 531,620 | |
The Female Health Co. | 51,052 | 362,469 | |
United-Guardian, Inc. | 5,269 | 103,272 | |
USANA Health Sciences, Inc. (a)(d) | 28,896 | 1,279,804 | |
| 28,832,844 | ||
Tobacco - 0.1% | |||
Alliance One International, Inc. (a)(d) | 300,348 | 1,120,298 | |
Universal Corp. (d) | 61,283 | 3,418,979 | |
Vector Group Ltd. | 134,227 | 2,154,343 | |
| 6,693,620 | ||
TOTAL CONSUMER STAPLES | 261,264,412 | ||
ENERGY - 6.6% | |||
Energy Equipment & Services - 2.9% | |||
Atwood Oceanics, Inc. (a) | 142,145 | 7,270,717 | |
Basic Energy Services, Inc. (a)(d) | 97,645 | 1,428,546 | |
Bolt Technology Corp. | 26,764 | 417,518 | |
Bristow Group, Inc. | 92,236 | 5,373,669 | |
C&J Energy Services, Inc. (a)(d) | 106,271 | 2,571,758 | |
Cal Dive International, Inc. (a)(d) | 284,336 | 514,648 | |
Carbo Ceramics, Inc. (d) | 48,910 | 4,441,028 | |
Dawson Geophysical Co. (a) | 20,415 | 630,824 | |
Dresser-Rand Group, Inc. (a) | 191,531 | 11,809,801 | |
Dril-Quip, Inc. (a) | 92,209 | 7,582,346 | |
ENGlobal Corp. (a) | 44,577 | 25,855 | |
Era Group, Inc. (a)(d) | 52,976 | 1,069,585 | |
Exterran Holdings, Inc. (a)(d) | 177,122 | 4,468,788 | |
Forbes Energy Services Ltd. (a) | 18,498 | 57,344 | |
Forum Energy Technologies, Inc. (d) | 43,209 | 1,152,816 | |
Geospace Technologies Corp. (a) | 32,986 | 3,210,198 | |
Global Geophysical Services, Inc. (a) | 59,223 | 138,582 | |
GreenHunter Energy, Inc. | 33,031 | 54,831 | |
Gulf Island Fabrication, Inc. | 36,952 | 879,827 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Gulfmark Offshore, Inc. Class A | 60,904 | $ 2,175,491 | |
Helix Energy Solutions Group, Inc. (a) | 244,902 | 5,733,156 | |
Hercules Offshore, Inc. (a) | 391,716 | 2,655,834 | |
Hornbeck Offshore Services, Inc. (a) | 78,367 | 3,330,598 | |
ION Geophysical Corp. (a)(d) | 301,102 | 1,999,317 | |
Key Energy Services, Inc. (a) | 409,435 | 3,512,952 | |
Lufkin Industries, Inc. | 85,656 | 5,548,796 | |
Matrix Service Co. (a) | 80,487 | 1,252,378 | |
McDermott International, Inc. (a) | 591,370 | 7,522,226 | |
Mitcham Industries, Inc. (a)(d) | 24,562 | 377,027 | |
Natural Gas Services Group, Inc. (a) | 25,396 | 443,414 | |
Newpark Resources, Inc. (a)(d) | 229,137 | 2,018,697 | |
Oceaneering International, Inc. | 271,671 | 17,275,559 | |
Oil States International, Inc. (a) | 137,492 | 10,470,016 | |
Parker Drilling Co. (a) | 300,835 | 1,431,975 | |
Patterson-UTI Energy, Inc. | 373,102 | 8,708,201 | |
PHI, Inc. (non-vtg.) (a)(d) | 30,743 | 969,942 | |
Pioneer Energy Services Corp. (a)(d) | 162,463 | 1,418,302 | |
RigNet, Inc. (a) | 21,464 | 421,124 | |
RPC, Inc. (d) | 172,703 | 2,794,335 | |
SEACOR Holdings, Inc. | 52,976 | 3,680,772 | |
Superior Energy Services, Inc. (a) | 396,916 | 10,498,428 | |
Tesco Corp. (a) | 79,469 | 1,010,051 | |
TETRA Technologies, Inc. (a)(d) | 232,603 | 2,146,926 | |
TGC Industries, Inc. | 33,924 | 324,653 | |
Tidewater, Inc. | 131,475 | 6,222,712 | |
Transocean Ltd. (United States) | 917,192 | 47,969,142 | |
Unit Corp. (a) | 116,878 | 5,315,611 | |
Weatherford International Ltd. (a) | 1,925,162 | 22,870,925 | |
Willbros Group, Inc. (a) | 121,921 | 822,967 | |
| 234,020,208 | ||
Oil, Gas & Consumable Fuels - 3.7% | |||
Abraxas Petroleum Corp. (a)(d) | 199,696 | 409,377 | |
Adams Resources & Energy, Inc. | 9,909 | 394,477 | |
Alon USA Energy, Inc. | 31,382 | 611,635 | |
Alpha Natural Resources, Inc. (a)(d) | 563,413 | 4,496,036 | |
Amyris, Inc. (a)(d) | 87,431 | 256,173 | |
APCO Oil and Gas International, Inc. | 35,459 | 471,605 | |
Approach Resources, Inc. (a)(d) | 79,168 | 1,959,408 | |
Arch Coal, Inc. | 541,228 | 2,830,622 | |
Barnwell Industries, Inc. (a) | 11,298 | 37,622 | |
Berry Petroleum Co. Class A | 117,462 | 5,376,236 | |
Bill Barrett Corp. (a)(d) | 119,719 | 2,160,928 | |
BioFuel Energy Corp. (a)(d) | 12,280 | 62,014 | |
Bonanza Creek Energy, Inc. (a) | 58,252 | 1,970,665 | |
BPZ Energy, Inc. (a)(d) | 231,220 | 568,801 | |
Callon Petroleum Co. (a)(d) | 102,790 | 554,038 | |
Carrizo Oil & Gas, Inc. (a)(d) | 88,923 | 2,088,801 | |
Ceres, Inc. | 5,147 | 20,639 | |
Cheniere Energy, Inc. (a) | 562,001 | 11,970,621 | |
Cimarex Energy Co. | 218,261 | 14,691,148 | |
| |||
Shares | Value | ||
Clayton Williams Energy, Inc. (a) | 25,327 | $ 1,005,482 | |
Clean Energy Fuels Corp. (a)(d) | 162,673 | 2,046,426 | |
Cloud Peak Energy, Inc. (a)(d) | 159,111 | 2,727,163 | |
Cobalt International Energy, Inc. (a)(d) | 446,399 | 11,012,663 | |
Comstock Resources, Inc. (a)(d) | 114,751 | 1,620,284 | |
Concho Resources, Inc. (a) | 263,596 | 23,713,096 | |
Contango Oil & Gas Co. | 35,742 | 1,385,360 | |
Continental Resources, Inc. (a)(d) | 144,329 | 12,700,952 | |
Crimson Exploration, Inc. (a) | 84,713 | 273,623 | |
Crosstex Energy, Inc. | 142,544 | 2,376,208 | |
Cubic Energy, Inc. (a)(d) | 119,177 | 26,493 | |
CVR Energy, Inc. | 38,340 | 2,153,941 | |
Delek US Holdings, Inc. | 42,880 | 1,601,997 | |
DHT Holdings, Inc. | 11,700 | 50,310 | |
Diamondback Energy, Inc. (d) | 38,063 | 864,411 | |
Double Eagle Petroleum Co. (a) | 27,291 | 128,541 | |
Earthstone Energy, Inc. (a)(d) | 4,213 | 69,304 | |
Emerald Oil, Inc. (a) | 48,770 | 336,513 | |
Endeavour International Corp. (a)(d) | 95,560 | 241,767 | |
Energen Corp. | 188,178 | 8,701,351 | |
EPL Oil & Gas, Inc. (a) | 91,044 | 2,342,562 | |
Evolution Petroleum Corp. (a) | 37,375 | 383,094 | |
EXCO Resources, Inc. (d) | 395,728 | 2,627,634 | |
FieldPoint Petroleum Corp. (a) | 9,981 | 40,623 | |
FieldPoint Petroleum Corp. warrants 3/23/18 (a) | 9,981 | 8,137 | |
Forest Oil Corp. (a) | 278,186 | 1,613,479 | |
FX Energy, Inc. (a) | 112,401 | 396,776 | |
Gasco Energy, Inc. (a) | 467,214 | 27,098 | |
Gastar Exploration Ltd. (a) | 112,646 | 129,543 | |
Gevo, Inc. (a)(d) | 47,994 | 95,028 | |
GMX Resources, Inc. (a)(d) | 15,240 | 36,728 | |
Goodrich Petroleum Corp. (a)(d) | 60,895 | 784,937 | |
Green Plains Renewable Energy, Inc. (a)(d) | 73,502 | 696,064 | |
Gulfport Energy Corp. (a) | 169,441 | 6,938,609 | |
Halcon Resources Corp. (a)(d) | 288,868 | 2,050,963 | |
Hallador Energy Co. | 5,608 | 45,537 | |
Harvest Natural Resources, Inc. (a)(d) | 96,350 | 521,254 | |
HollyFrontier Corp. | 515,913 | 28,994,311 | |
Houston American Energy Corp. (a)(d) | 98,796 | 22,723 | |
Hyperdynamics Corp. (a)(d) | 455,532 | 236,922 | |
Isramco, Inc. (a)(d) | 2,413 | 238,115 | |
James River Coal Co. (a)(d) | 81,117 | 214,960 | |
KiOR, Inc. Class A (a)(d) | 28,186 | 155,305 | |
Kodiak Oil & Gas Corp. (a)(d) | 642,473 | 5,718,010 | |
Laredo Petroleum Holdings, Inc. (a)(d) | 62,382 | 1,069,227 | |
Lucas Energy, Inc. (a)(d) | 25,312 | 32,399 | |
Magellan Petroleum Corp. (a) | 109,622 | 119,488 | |
Magnum Hunter Resources Corp. (a)(d) | 378,880 | 1,466,266 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 19,383 | 2,520 | |
Matador Resources Co. (d) | 94,182 | 735,561 | |
McMoRan Exploration Co. (a)(d) | 277,068 | 4,458,024 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Mexco Energy Corp. (a) | 2,175 | $ 11,789 | |
Midstates Petroleum Co., Inc. | 73,408 | 547,624 | |
Miller Energy Resources, Inc. (a)(d) | 137,671 | 539,670 | |
Northern Oil & Gas, Inc. (a)(d) | 167,032 | 2,290,009 | |
Oasis Petroleum, Inc. (a)(d) | 176,586 | 6,480,706 | |
Pacific Ethanol, Inc. (a)(d) | 346,705 | 133,481 | |
Panhandle Royalty Co. Class A | 15,804 | 430,501 | |
PBF Energy, Inc. Class A | 60,771 | 2,537,189 | |
PDC Energy, Inc. (a) | 74,456 | 3,472,628 | |
Penn Virginia Corp. | 140,473 | 571,725 | |
Petroquest Energy, Inc. (a) | 165,233 | 634,495 | |
Plains Exploration & Production Co. (a) | 328,370 | 14,898,147 | |
PostRock Energy Corp. (a) | 17,510 | 36,246 | |
PrimeEnergy Corp. (a) | 1,965 | 53,979 | |
Pyramid Oil Co. (a) | 7,060 | 29,723 | |
Quicksilver Resources, Inc. (a)(d) | 274,950 | 511,407 | |
Recovery Energy, Inc. (a)(d) | 5,111 | 9,455 | |
Renewable Energy Group, Inc. (a) | 39,459 | 291,602 | |
Rentech, Inc. | 686,373 | 1,873,798 | |
Resolute Energy Corp. (a) | 183,571 | 1,868,753 | |
Rex American Resources Corp. (a) | 16,822 | 388,588 | |
Rex Energy Corp. (a)(d) | 105,157 | 1,417,516 | |
Rosetta Resources, Inc. (a) | 129,652 | 6,311,459 | |
Royale Energy, Inc. (a)(d) | 11,555 | 28,079 | |
Sanchez Energy Corp. (a)(d) | 28,101 | 520,150 | |
SandRidge Energy, Inc. (a)(d) | 952,892 | 5,431,484 | |
Saratoga Resources, Inc. (a) | 25,695 | 77,342 | |
SemGroup Corp. Class A (a) | 103,499 | 4,770,269 | |
SM Energy Co. | 168,229 | 9,737,095 | |
Solazyme, Inc. (a)(d) | 103,823 | 906,375 | |
Stone Energy Corp. (a) | 126,417 | 2,585,228 | |
Swift Energy Co. (a) | 108,758 | 1,470,408 | |
Synergy Resources Corp. (a) | 110,813 | 734,690 | |
Syntroleum Corp. (a)(d) | 166,427 | 75,724 | |
Targa Resources Corp. | 89,113 | 5,435,893 | |
Teekay Corp. | 95,965 | 3,329,986 | |
Tengasco, Inc. (a) | 63,216 | 42,323 | |
Ultra Petroleum Corp. (a)(d) | 389,054 | 6,637,261 | |
Uranium Energy Corp. (a)(d) | 202,850 | 468,584 | |
Uranium Resources, Inc. (a)(d) | 18,657 | 50,374 | |
US Energy Corp. (a) | 91,127 | 159,472 | |
USEC, Inc. (a)(d) | 388,801 | 186,624 | |
VAALCO Energy, Inc. (a)(d) | 143,600 | 1,164,596 | |
Verenium Corp. (a)(d) | 32,819 | 80,078 | |
W&T Offshore, Inc. (d) | 102,777 | 1,527,266 | |
Warren Resources, Inc. (a) | 175,353 | 459,425 | |
Western Refining, Inc. (d) | 142,982 | 5,131,624 | |
Westmoreland Coal Co. (a)(d) | 24,842 | 260,841 | |
Whiting Petroleum Corp. (a) | 298,141 | 14,519,467 | |
World Fuel Services Corp. | 182,117 | 6,925,910 | |
| |||
Shares | Value | ||
ZaZa Energy Corp. (a)(d) | 66,207 | $ 105,269 | |
Zion Oil & Gas, Inc. (a)(d) | 112,487 | 134,984 | |
| 304,465,939 | ||
TOTAL ENERGY | 538,486,147 | ||
FINANCIALS - 22.8% | |||
Capital Markets - 1.6% | |||
Affiliated Managers Group, Inc. (a) | 127,332 | 18,619,758 | |
Arlington Asset Investment Corp. | 26,330 | 679,314 | |
Artio Global Investors, Inc. Class A | 122,626 | 333,543 | |
BGC Partners, Inc. Class A | 255,991 | 1,093,082 | |
Calamos Asset Management, Inc. Class A | 47,935 | 535,913 | |
CIFI Corp. (a) | 13,714 | 116,020 | |
Cohen & Steers, Inc. (d) | 46,427 | 1,530,698 | |
Cowen Group, Inc. Class A (a) | 250,464 | 653,711 | |
Diamond Hill Investment Group, Inc. | 6,707 | 503,159 | |
Duff & Phelps Corp. Class A | 67,634 | 1,051,032 | |
Eaton Vance Corp. (non-vtg.) (d) | 287,882 | 10,994,214 | |
Epoch Holding Corp. | 41,730 | 1,166,354 | |
Evercore Partners, Inc. Class A | 66,506 | 2,706,794 | |
FBR Capital Markets Corp. (a) | 35,461 | 626,241 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 237,860 | 5,523,109 | |
Financial Engines, Inc. (d) | 120,148 | 3,926,437 | |
FirstCity Financial Corp. (a) | 16,400 | 161,376 | |
FXCM, Inc. Class A (d) | 59,081 | 776,915 | |
GAMCO Investors, Inc. Class A | 14,987 | 801,805 | |
GFI Group, Inc. | 188,467 | 661,519 | |
Gleacher & Co., Inc. (a) | 185,336 | 108,792 | |
Greenhill & Co., Inc. | 65,068 | 3,954,833 | |
HFF, Inc. | 86,273 | 1,583,972 | |
ICG Group, Inc. (a) | 113,828 | 1,483,179 | |
Institutional Financial Markets, Inc. | 16,813 | 46,236 | |
INTL FCStone, Inc. (a)(d) | 36,432 | 649,947 | |
Investment Technology Group, Inc. (a) | 111,776 | 1,353,607 | |
Janus Capital Group, Inc. (d) | 466,069 | 4,315,799 | |
JMP Group, Inc. | 44,707 | 266,007 | |
Knight Capital Group, Inc. Class A (a) | 218,742 | 809,345 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 282,944 | 367,827 | |
LPL Financial | 108,618 | 3,424,726 | |
Manning & Napier, Inc. | 28,565 | 426,761 | |
Medallion Financial Corp. | 52,498 | 682,474 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 32,675 | 617,558 | |
Piper Jaffray Companies (a) | 44,362 | 1,711,042 | |
Pzena Investment Management, Inc. | 13,002 | 81,783 | |
Raymond James Financial, Inc. | 278,271 | 12,210,531 | |
Safeguard Scientifics, Inc. (a) | 52,134 | 789,309 | |
SEI Investments Co. | 345,205 | 9,758,945 | |
Stifel Financial Corp. (a)(d) | 146,990 | 5,077,035 | |
SWS Group, Inc. (a) | 80,179 | 513,947 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
TD Ameritrade Holding Corp. | 575,266 | $ 10,935,807 | |
Teton Advisors, Inc. (a) | 145 | 2,755 | |
U.S. Global Investments, Inc. Class A | 36,632 | 139,202 | |
Virtus Investment Partners, Inc. (a) | 15,774 | 2,650,190 | |
Waddell & Reed Financial, Inc. Class A | 213,366 | 8,752,273 | |
Walter Investment Management Corp. (a) | 88,099 | 4,045,506 | |
Westwood Holdings Group, Inc. | 13,202 | 545,903 | |
WisdomTree Investments, Inc. (a) | 144,563 | 1,315,523 | |
| 131,081,808 | ||
Commercial Banks - 4.4% | |||
1st Source Corp. | 36,261 | 854,309 | |
1st United Bancorp, Inc. | 67,638 | 411,239 | |
Access National Corp. | 15,817 | 251,648 | |
ACNB Corp. | 11,654 | 192,990 | |
Alliance Financial Corp. | 11,655 | 518,065 | |
Ameriana Bancorp | 2,223 | 19,340 | |
American National Bankshares, Inc. | 18,331 | 370,836 | |
American River Bankshares (a) | 3,552 | 26,249 | |
Ameris Bancorp (a)(d) | 51,389 | 713,279 | |
AmeriServ Financial, Inc. (a) | 14,728 | 43,595 | |
Ames National Corp. | 16,110 | 333,477 | |
Arrow Financial Corp. (d) | 30,885 | 748,652 | |
Associated Banc-Corp. | 434,355 | 6,250,368 | |
Auburn National Bancorp., Inc. | 2,289 | 49,328 | |
BancFirst Corp. | 20,263 | 811,331 | |
Bancorp, Inc., Delaware (a) | 83,875 | 1,071,084 | |
BancorpSouth, Inc. | 226,260 | 3,461,778 | |
Bank of Hawaii Corp. | 113,009 | 5,468,506 | |
Bank of Kentucky Financial Corp. | 10,625 | 283,900 | |
Bank of Marin Bancorp | 13,108 | 492,730 | |
Bank of the Ozarks, Inc. | 76,156 | 2,923,629 | |
BankUnited, Inc. | 120,706 | 3,423,222 | |
Banner Bank | 46,766 | 1,389,418 | |
Bar Harbor Bankshares | 9,461 | 337,285 | |
BBCN Bancorp, Inc. | 204,648 | 2,533,542 | |
BCB Bancorp, Inc. (d) | 9,297 | 89,065 | |
Berkshire Bancorp, Inc. | 4,024 | 32,514 | |
BNC Bancorp (d) | 53,487 | 474,965 | |
BOK Financial Corp. | 75,755 | 4,502,120 | |
Boston Private Financial Holdings, Inc. | 194,595 | 1,776,652 | |
Bridge Bancorp, Inc. | 17,303 | 364,401 | |
Bridge Capital Holdings (a)(d) | 18,425 | 280,429 | |
Bryn Mawr Bank Corp. | 22,784 | 522,665 | |
BSB Bancorp, Inc. (a) | 19,579 | 258,443 | |
C & F Financial Corp. | 4,436 | 177,218 | |
Camden National Corp. | 16,328 | 553,356 | |
Capital Bank Financial Corp.: | |||
rights (a) | 10,774 | 0 | |
Series A | 31,264 | 578,384 | |
Capital City Bank Group, Inc. (a)(d) | 33,531 | 383,930 | |
CapitalSource, Inc. | 542,964 | 4,886,676 | |
| |||
Shares | Value | ||
Cardinal Financial Corp. | 76,699 | $ 1,221,815 | |
Cascade Bancorp (a)(d) | 30,976 | 186,785 | |
Cathay General Bancorp | 187,984 | 3,663,808 | |
Center Bancorp, Inc. | 24,871 | 308,400 | |
Centerstate Banks of Florida, Inc. | 66,005 | 559,062 | |
Central Pacific Financial Corp. (a) | 62,658 | 970,572 | |
Century Bancorp, Inc. Class A (non-vtg.) | 7,814 | 257,862 | |
Chemical Financial Corp. | 64,828 | 1,587,638 | |
CIT Group, Inc. (a) | 510,977 | 21,389,497 | |
Citizens & Northern Corp. | 30,086 | 586,677 | |
Citizens Holding Co. | 2,280 | 42,978 | |
Citizens Republic Bancorp, Inc. (a) | 109,418 | 2,254,011 | |
City Holding Co. (d) | 37,157 | 1,408,993 | |
City National Corp. (d) | 121,008 | 6,874,464 | |
CNB Financial Corp., Pennsylvania | 24,450 | 411,983 | |
CoBiz, Inc. | 133,405 | 1,105,927 | |
Colony Bankcorp, Inc. (a) | 4,518 | 24,216 | |
Columbia Banking Systems, Inc. | 105,592 | 2,111,840 | |
Commerce Bancshares, Inc. | 225,326 | 8,582,667 | |
Community Bank System, Inc. | 114,684 | 3,310,927 | |
Community Partners Bancorp (a) | 1,393 | 9,041 | |
Community Trust Bancorp, Inc. | 35,364 | 1,206,973 | |
Crescent Financial Bancshares, Inc. (a)(d) | 5,656 | 23,472 | |
CU Bancorp (a) | 16,798 | 206,615 | |
Cullen/Frost Bankers, Inc. | 156,785 | 9,494,900 | |
CVB Financial Corp. | 241,074 | 2,555,384 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 47,604 | 1,033,007 | |
East West Bancorp, Inc. | 360,287 | 8,863,060 | |
Eastern Virginia Bankshares, Inc. (a) | 3,012 | 20,150 | |
Enterprise Bancorp, Inc. | 14,913 | 236,968 | |
Enterprise Financial Services Corp. | 42,722 | 597,254 | |
Farmers Capital Bank Corp. (a) | 9,906 | 164,935 | |
Farmers National Banc Corp. | 41,229 | 257,681 | |
Fidelity Southern Corp. | 15,121 | 167,843 | |
Financial Institutions, Inc. | 28,782 | 573,625 | |
First Bancorp, North Carolina | 37,879 | 505,306 | |
First Bancorp, Puerto Rico (a)(d) | 186,883 | 1,022,250 | |
First Busey Corp. | 193,866 | 872,397 | |
First California Financial Group, Inc. (a) | 58,547 | 470,718 | |
First Citizen Bancshares, Inc. | 16,304 | 2,927,383 | |
First Commonwealth Financial Corp. | 257,750 | 1,873,843 | |
First Community Bancshares, Inc. | 36,337 | 567,584 | |
First Connecticut Bancorp, Inc. | 29,557 | 422,961 | |
First Financial Bancorp, Ohio | 145,167 | 2,225,410 | |
First Financial Bankshares, Inc. (d) | 91,048 | 4,060,741 | |
First Financial Corp., Indiana | 28,823 | 886,307 | |
First Financial Service Corp. (a) | 745 | 2,391 | |
First Interstate Bancsystem, Inc. | 45,208 | 825,950 | |
First M&F Corp. | 16,637 | 228,093 | |
First Merchants Corp. | 61,527 | 914,906 | |
First Midwest Bancorp, Inc., Delaware | 197,088 | 2,463,600 | |
First Niagara Financial Group, Inc. | 919,163 | 7,518,753 | |
First of Long Island Corp. | 17,771 | 507,717 | |
First Republic Bank | 180,988 | 6,597,013 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Security Group, Inc. (a)(d) | 1,070 | $ 3,167 | |
First South Bancorp, Inc., Virginia (a) | 39,689 | 255,994 | |
First United Corp. (a) | 14,602 | 117,108 | |
Firstbank Corp., Michigan | 8,342 | 106,861 | |
FirstMerit Corp. (d) | 283,408 | 4,285,129 | |
FNB Corp., Pennsylvania | 351,107 | 3,988,576 | |
FNB United Corp. (a)(d) | 21,639 | 219,852 | |
Fulton Financial Corp. (d) | 517,887 | 5,878,017 | |
German American Bancorp, Inc. | 31,184 | 678,564 | |
Glacier Bancorp, Inc. | 185,261 | 3,230,952 | |
Great Southern Bancorp, Inc. | 21,585 | 518,256 | |
Guaranty Bancorp (a) | 135,393 | 273,494 | |
Hampton Roads Bankshares, Inc. (a)(d) | 275,254 | 363,335 | |
Hancock Holding Co. | 222,176 | 6,709,715 | |
Hanmi Financial Corp. (a) | 83,202 | 1,413,602 | |
Hawthorn Bancshares, Inc. | 6,721 | 68,218 | |
Heartland Financial USA, Inc. | 33,115 | 779,527 | |
Heritage Commerce Corp. (a) | 57,846 | 391,039 | |
Heritage Financial Corp., Washington | 35,332 | 489,348 | |
Heritage Oaks Bancorp (a) | 40,793 | 229,257 | |
Home Bancshares, Inc. | 63,686 | 2,155,771 | |
HomeTrust Bancshares, Inc. | 50,414 | 778,896 | |
Horizon Bancorp Industries | 16,035 | 325,190 | |
Hudson Valley Holding Corp. | 41,056 | 623,230 | |
IBERIABANK Corp. | 79,678 | 3,999,836 | |
Independent Bank Corp. (a) | 22,677 | 134,021 | |
Independent Bank Corp., Massachusetts (d) | 56,913 | 1,803,573 | |
International Bancshares Corp. | 140,193 | 2,838,908 | |
Intervest Bancshares Corp. Class A (a) | 36,027 | 195,627 | |
Investors Bancorp, Inc. | 127,475 | 2,252,483 | |
Lakeland Bancorp, Inc. | 63,849 | 613,589 | |
Lakeland Financial Corp. | 39,911 | 986,600 | |
Macatawa Bank Corp. (a)(d) | 64,065 | 313,278 | |
MainSource Financial Group, Inc. | 47,324 | 662,536 | |
MB Financial, Inc. | 138,719 | 3,289,027 | |
MBT Financial Corp. (a)(d) | 11,242 | 40,808 | |
Mercantile Bank Corp. | 19,339 | 322,188 | |
Merchants Bancshares, Inc. | 14,012 | 404,106 | |
Metro Bancorp, Inc. (a) | 42,825 | 713,036 | |
Metrocorp Bancshares, Inc. (a) | 35,019 | 362,096 | |
Middleburg Financial Corp. | 14,592 | 298,260 | |
Midsouth Bancorp, Inc. | 24,320 | 371,366 | |
MidWestOne Financial Group, Inc. | 16,620 | 381,928 | |
Monarch Financial Holdings, Inc. | 10,098 | 102,495 | |
National Bank Holdings Corp. | 22,033 | 398,577 | |
National Bankshares, Inc. (d) | 16,169 | 545,542 | |
National Penn Bancshares, Inc. | 324,982 | 3,184,824 | |
NBT Bancorp, Inc. | 110,024 | 2,251,091 | |
NewBridge Bancorp (a) | 34,468 | 202,672 | |
North Valley Bancorp (a) | 6,149 | 104,349 | |
| |||
Shares | Value | ||
Northeast Bancorp (d) | 15,002 | $ 150,020 | |
Northrim Bancorp, Inc. | 12,118 | 263,445 | |
Norwood Financial Corp. | 2,777 | 85,948 | |
OBA Financial Services, Inc. (a) | 5,103 | 94,967 | |
Ohio Valley Banc Corp. | 7,485 | 140,344 | |
Old National Bancorp, Indiana | 271,566 | 3,666,141 | |
Old Second Bancorp, Inc. (a)(d) | 34,774 | 118,232 | |
OmniAmerican Bancorp, Inc. (a) | 23,607 | 615,198 | |
Oriental Financial Group, Inc. (d) | 124,525 | 1,906,478 | |
Orrstown Financial Services, Inc. (a) | 18,291 | 258,818 | |
Pacific Continental Corp. | 43,214 | 459,365 | |
Pacific Mercantile Bancorp (a) | 19,877 | 118,467 | |
Pacific Premier Bancorp, Inc. (a) | 30,836 | 369,107 | |
PacWest Bancorp | 89,269 | 2,439,722 | |
Park National Corp. (d) | 38,738 | 2,555,933 | |
Park Sterling Corp. (a) | 124,780 | 708,750 | |
Patriot National Bancorp, Inc. (a) | 14,022 | 21,313 | |
Peapack-Gladstone Financial Corp. | 17,211 | 253,518 | |
Penns Woods Bancorp, Inc. | 10,096 | 408,585 | |
Peoples Bancorp of North Carolina | 1,842 | 19,802 | |
Peoples Bancorp, Inc. | 20,106 | 435,697 | |
Peoples Financial Corp., Mississippi | 7,232 | 86,929 | |
Pinnacle Financial Partners, Inc. (a)(d) | 92,448 | 2,007,046 | |
Popular, Inc. (a) | 263,052 | 7,344,412 | |
Porter Bancorp, Inc. (a) | 3,733 | 3,696 | |
Preferred Bank, Los Angeles (a) | 20,724 | 334,071 | |
Premier Financial Bancorp, Inc. | 6,092 | 70,972 | |
PremierWest Bancorp (a)(d) | 17,140 | 27,767 | |
PrivateBancorp, Inc. | 171,662 | 3,074,466 | |
Prosperity Bancshares, Inc. | 114,624 | 5,288,751 | |
QCR Holdings, Inc. | 6,005 | 98,122 | |
Renasant Corp. | 64,084 | 1,410,489 | |
Republic Bancorp, Inc., Kentucky Class A | 25,708 | 556,321 | |
Republic First Bancorp, Inc. (a) | 44,636 | 116,500 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 6,704 | 9,587 | |
Rurban Financial Corp. | 532 | 4,522 | |
S&T Bancorp, Inc. | 77,320 | 1,396,399 | |
S.Y. Bancorp, Inc. | 30,337 | 687,133 | |
Sandy Spring Bancorp, Inc. | 57,184 | 1,107,082 | |
SCBT Financial Corp. (d) | 40,684 | 1,937,372 | |
Seacoast Banking Corp., Florida (a) | 235,806 | 485,760 | |
Shore Bancshares, Inc. | 20,686 | 138,182 | |
Sierra Bancorp | 31,765 | 402,145 | |
Signature Bank (a)(d) | 120,591 | 8,956,294 | |
Simmons First National Corp. Class A | 36,954 | 929,024 | |
Southern National Bancorp of Virginia, Inc. | 12,282 | 116,065 | |
Southside Bancshares, Inc. (d) | 40,257 | 860,292 | |
Southwest Bancorp, Inc., Oklahoma (a) | 44,454 | 577,457 | |
State Bank Financial Corp. | 77,039 | 1,224,920 | |
StellarOne Corp. | 55,996 | 861,778 | |
Sterling Bancorp, New York | 87,827 | 893,201 | |
Sterling Financial Corp. | 93,198 | 1,973,934 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Suffolk Bancorp (a) | 25,339 | $ 356,773 | |
Summit Financial Group, Inc. (a) | 1,800 | 12,240 | |
Sun Bancorp, Inc., New Jersey (a) | 136,043 | 489,755 | |
Susquehanna Bancshares, Inc. | 475,630 | 5,531,577 | |
SVB Financial Group (a) | 112,421 | 7,538,952 | |
Synovus Financial Corp. | 2,047,475 | 5,200,587 | |
Taylor Capital Group, Inc. (a) | 36,427 | 602,138 | |
TCF Financial Corp. (d) | 430,037 | 5,908,708 | |
Texas Capital Bancshares, Inc. (a)(d) | 102,751 | 4,342,257 | |
The First Bancorp, Inc. | 21,478 | 372,214 | |
Tompkins Financial Corp. | 33,792 | 1,400,003 | |
TowneBank (d) | 71,193 | 1,035,146 | |
Trico Bancshares | 35,094 | 598,353 | |
Trustmark Corp. | 173,638 | 3,976,310 | |
UMB Financial Corp. | 90,172 | 4,110,941 | |
Umpqua Holdings Corp. | 308,713 | 3,874,348 | |
Union Bankshares, Inc. | 388 | 7,962 | |
Union/First Market Bankshares Corp. | 55,751 | 1,011,881 | |
United Bancorp, Inc. | 370 | 2,409 | |
United Bankshares, Inc., West Virginia (d) | 132,968 | 3,457,168 | |
United Community Banks, Inc., Georgia (a) | 127,900 | 1,377,483 | |
United Security Bancshares, Inc. (a) | 8,545 | 64,344 | |
United Security Bancshares, California (d) | 7,488 | 28,604 | |
Univest Corp. of Pennsylvania | 38,304 | 635,463 | |
Valley National Bancorp (d) | 489,100 | 4,905,673 | |
Virginia Commerce Bancorp, Inc. (a) | 67,965 | 921,605 | |
Washington Banking Co., Oak Harbor | 41,106 | 564,796 | |
Washington Trust Bancorp, Inc. | 35,763 | 945,574 | |
Webster Financial Corp. | 219,584 | 4,835,240 | |
WesBanco, Inc. | 70,247 | 1,643,077 | |
West Bancorp., Inc. | 28,408 | 314,477 | |
West Coast Bancorp | 46,944 | 1,103,184 | |
Westamerica Bancorp. (d) | 70,836 | 3,134,493 | |
Western Alliance Bancorp. (a)(d) | 209,617 | 2,787,906 | |
Wilshire Bancorp, Inc. (a) | 144,206 | 846,489 | |
Wintrust Financial Corp. | 99,831 | 3,643,832 | |
Xenith Bankshares, Inc. (a) | 17,541 | 91,739 | |
Yadkin Valley Financial Corp. (a) | 16,970 | 66,862 | |
| 361,491,987 | ||
Consumer Finance - 0.4% | |||
Asset Acceptance Capital Corp. (a) | 28,119 | 148,187 | |
Asta Funding, Inc. | 25,295 | 243,338 | |
Atlanticus Holdings Corp. (a)(d) | 33,601 | 108,867 | |
Cash America International, Inc. (d) | 70,968 | 3,593,820 | |
Consumer Portfolio Services, Inc. (a) | 25,388 | 209,451 | |
Credit Acceptance Corp. (a)(d) | 25,878 | 2,860,295 | |
DFC Global Corp. (a) | 103,533 | 1,933,996 | |
Encore Capital Group, Inc. (a)(d) | 59,733 | 1,765,110 | |
| |||
Shares | Value | ||
EZCORP, Inc. (non-vtg.) Class A (a) | 123,643 | $ 2,556,937 | |
First Cash Financial Services, Inc. (a) | 76,532 | 4,049,308 | |
First Marblehead Corp. (a)(d) | 159,362 | 139,920 | |
Green Dot Corp. Class A (a)(d) | 50,635 | 709,903 | |
Imperial Holdings, Inc. (a) | 53,799 | 215,196 | |
Nelnet, Inc. Class A | 66,805 | 2,216,590 | |
Netspend Holdings, Inc. (a)(d) | 69,646 | 1,103,889 | |
Portfolio Recovery Associates, Inc. (a)(d) | 42,803 | 5,004,741 | |
QC Holdings, Inc. | 15,915 | 51,883 | |
Regional Management Corp. | 1,398 | 25,108 | |
World Acceptance Corp. (a)(d) | 40,711 | 3,203,956 | |
| 30,140,495 | ||
Diversified Financial Services - 0.4% | |||
California First National Bancorp | 1,545 | 23,762 | |
Catskill Litigation Trust (a) | 1,036 | 0 | |
CBOE Holdings, Inc. | 232,203 | 8,340,732 | |
Gain Capital Holdings, Inc. | 22,236 | 98,728 | |
Interactive Brokers Group, Inc. | 101,943 | 1,499,582 | |
Life Partners Holdings, Inc. (d) | 51,198 | 203,768 | |
MarketAxess Holdings, Inc. | 97,186 | 3,796,085 | |
Marlin Business Services Corp. | 22,984 | 435,547 | |
MicroFinancial, Inc. | 17,898 | 131,908 | |
MSCI, Inc. Class A (a) | 312,542 | 10,354,516 | |
NCP Litigation Trust (a) | 200 | 0 | |
NewStar Financial, Inc. (a)(d) | 69,745 | 943,650 | |
PHH Corp. (a)(d) | 138,178 | 2,903,120 | |
PICO Holdings, Inc. (a)(d) | 53,727 | 1,155,668 | |
Resource America, Inc. Class A | 23,799 | 212,049 | |
Vector Capital Corp. rights (a) | 49,572 | 1 | |
| 30,099,116 | ||
Insurance - 4.3% | |||
Alleghany Corp. | 43,001 | 16,248,788 | |
Allied World Assurance Co. Holdings Ltd. | 89,522 | 7,860,927 | |
American Equity Investment Life Holding Co. (d) | 143,289 | 1,988,851 | |
American Financial Group, Inc. | 210,353 | 9,247,118 | |
American National Insurance Co. | 30,161 | 2,424,040 | |
American Safety Insurance Group Ltd. (a)(d) | 25,797 | 594,105 | |
Amerisafe, Inc. (d) | 44,533 | 1,452,666 | |
Amtrust Financial Services, Inc. | 73,829 | 2,454,814 | |
Arch Capital Group Ltd. (a)(d) | 343,384 | 16,867,022 | |
Argo Group International Holdings, Ltd. | 71,874 | 2,729,775 | |
Arthur J. Gallagher & Co. | 302,872 | 11,654,515 | |
Aspen Insurance Holdings Ltd. | 176,910 | 6,343,993 | |
Assured Guaranty Ltd. | 493,774 | 9,218,761 | |
Axis Capital Holdings Ltd. | 311,323 | 12,680,186 | |
Baldwin & Lyons, Inc. Class B | 20,123 | 468,665 | |
Brown & Brown, Inc. | 293,863 | 8,815,890 | |
Citizens, Inc. Class A (a)(d) | 96,952 | 890,989 | |
CNA Financial Corp. | 99,168 | 3,127,759 | |
CNO Financial Group, Inc. | 574,934 | 6,289,778 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Crawford & Co. Class B | 69,141 | $ 571,105 | |
Donegal Group, Inc. Class A | 26,385 | 380,472 | |
Eastern Insurance Holdings, Inc. | 16,085 | 299,503 | |
eHealth, Inc. (a) | 59,193 | 919,267 | |
EMC Insurance Group | 12,011 | 309,163 | |
Employers Holdings, Inc. | 110,478 | 2,321,143 | |
Endurance Specialty Holdings Ltd. | 106,872 | 4,706,643 | |
Enstar Group Ltd. (a)(d) | 23,037 | 2,887,458 | |
Erie Indemnity Co. Class A | 66,247 | 4,849,280 | |
Everest Re Group Ltd. | 128,969 | 16,070,827 | |
FBL Financial Group, Inc. Class A | 35,194 | 1,278,950 | |
Federated National Holding Co. | 8,797 | 50,055 | |
Fidelity National Financial, Inc. Class A | 535,365 | 13,352,003 | |
First Acceptance Corp. (a) | 24,679 | 28,381 | |
First American Financial Corp. | 270,026 | 6,558,932 | |
Fortegra Financial Corp. (a) | 15,197 | 137,533 | |
Global Indemnity PLC (a) | 37,631 | 869,276 | |
Greenlight Capital Re, Ltd. (a) | 72,640 | 1,741,907 | |
Hallmark Financial Services, Inc. (a) | 27,548 | 249,585 | |
Hanover Insurance Group, Inc. | 117,027 | 4,994,712 | |
HCC Insurance Holdings, Inc. | 266,229 | 10,649,160 | |
Health Insurance Innovations | 12,600 | 157,374 | |
Hilltop Holdings, Inc. (a)(d) | 103,357 | 1,327,104 | |
Homeowners Choice, Inc. (d) | 24,144 | 486,743 | |
Horace Mann Educators Corp. | 90,341 | 1,848,377 | |
Independence Holding Co. | 12,745 | 120,950 | |
Infinity Property & Casualty Corp. | 29,456 | 1,655,133 | |
Investors Title Co. | 2,693 | 177,549 | |
Kansas City Life Insurance Co. | 10,866 | 405,519 | |
Kemper Corp. | 137,889 | 4,362,808 | |
Maiden Holdings Ltd. | 143,671 | 1,448,204 | |
Markel Corp. (a) | 23,551 | 11,385,731 | |
MBIA, Inc. (a)(d) | 366,136 | 3,540,535 | |
Meadowbrook Insurance Group, Inc. | 121,669 | 855,333 | |
Mercury General Corp. | 86,743 | 3,371,700 | |
Montpelier Re Holdings Ltd. | 171,990 | 4,251,593 | |
National Financial Partners Corp. (a)(d) | 130,377 | 2,563,212 | |
National Interstate Corp. | 26,946 | 896,763 | |
National Western Life Insurance Co. Class A | 7,450 | 1,213,307 | |
Navigators Group, Inc. (a)(d) | 29,134 | 1,636,165 | |
Old Republic International Corp. | 613,136 | 7,363,763 | |
OneBeacon Insurance Group Ltd. | 54,474 | 728,317 | |
PartnerRe Ltd. | 152,398 | 13,599,998 | |
Phoenix Companies, Inc. (a) | 12,675 | 318,143 | |
Platinum Underwriters Holdings Ltd. | 82,406 | 4,357,629 | |
Primerica, Inc. | 115,806 | 3,644,415 | |
ProAssurance Corp. | 151,535 | 7,105,476 | |
Protective Life Corp. | 198,965 | 6,350,963 | |
Reinsurance Group of America, Inc. | 183,759 | 10,566,143 | |
RenaissanceRe Holdings Ltd. | 118,960 | 10,401,862 | |
| |||
Shares | Value | ||
RLI Corp. | 47,991 | $ 3,308,500 | |
Safety Insurance Group, Inc. | 33,267 | 1,563,549 | |
Selective Insurance Group, Inc. | 135,807 | 3,020,348 | |
StanCorp Financial Group, Inc. | 111,235 | 4,428,265 | |
State Auto Financial Corp. | 33,712 | 566,362 | |
Stewart Information Services Corp. (d) | 44,487 | 1,029,874 | |
Symetra Financial Corp. | 233,995 | 3,081,714 | |
Tower Group, Inc. | 90,612 | 1,689,914 | |
United Fire Group, Inc. | 51,439 | 1,264,371 | |
Universal Insurance Holdings, Inc. | 99,404 | 436,384 | |
Validus Holdings Ltd. | 242,727 | 8,648,363 | |
W.R. Berkley Corp. | 273,764 | 11,361,206 | |
White Mountains Insurance Group Ltd. | 14,430 | 8,152,950 | |
| 349,276,606 | ||
Real Estate Investment Trusts - 10.1% | |||
Acadia Realty Trust (SBI) | 131,146 | 3,530,450 | |
AG Mortgage Investment Trust, Inc. | 72,087 | 1,890,842 | |
Agree Realty Corp. | 29,784 | 836,037 | |
Alexanders, Inc. | 7,463 | 2,421,744 | |
Alexandria Real Estate Equities, Inc. | 159,952 | 11,378,985 | |
American Assets Trust, Inc. | 97,861 | 2,958,338 | |
American Campus Communities, Inc. | 266,659 | 12,052,987 | |
American Capital Agency Corp. | 865,944 | 27,467,744 | |
American Capital Mortgage Investment Corp. | 143,838 | 3,696,637 | |
American Realty Capital Properties, Inc. (d) | 23,627 | 312,585 | |
Annaly Capital Management, Inc. | 2,474,929 | 38,336,650 | |
Anworth Mortgage Asset Corp. | 363,303 | 2,216,148 | |
Apollo Commercial Real Estate Finance, Inc. | 60,802 | 1,048,835 | |
Apollo Residential Mortgage, Inc. | 59,295 | 1,327,022 | |
Arbor Realty Trust, Inc. | 95,842 | 759,069 | |
Ares Commercial Real Estate Corp. | 31,580 | 537,807 | |
Armour Residential REIT, Inc. | 958,622 | 6,413,181 | |
Ashford Hospitality Trust, Inc. | 181,667 | 2,138,221 | |
Associated Estates Realty Corp. | 125,776 | 2,198,564 | |
BioMed Realty Trust, Inc. | 426,994 | 9,018,113 | |
Brandywine Realty Trust (SBI) | 355,301 | 4,885,389 | |
BRE Properties, Inc. | 195,602 | 9,508,213 | |
BRT Realty Trust (a) | 8,802 | 65,223 | |
Camden Property Trust (SBI) | 211,578 | 14,628,503 | |
Campus Crest Communities, Inc. | 97,496 | 1,222,600 | |
Capital Trust, Inc. Class A | 85,860 | 194,044 | |
CapLease, Inc. | 166,403 | 995,090 | |
Capstead Mortgage Corp. | 274,087 | 3,437,051 | |
CBL & Associates Properties, Inc. | 408,073 | 9,279,580 | |
Cedar Shopping Centers, Inc. | 141,571 | 812,618 | |
Chatham Lodging Trust | 37,534 | 617,810 | |
Chesapeake Lodging Trust | 121,402 | 2,613,785 | |
Chimera Investment Corp. | 2,633,740 | 7,848,545 | |
Colonial Properties Trust (SBI) | 223,039 | 4,808,721 | |
Colony Financial, Inc. | 124,334 | 2,753,998 | |
CommonWealth REIT | 211,923 | 5,351,056 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Coresite Realty Corp. | 71,084 | $ 2,303,122 | |
Corporate Office Properties Trust (SBI) | 216,499 | 5,600,829 | |
Cousins Properties, Inc. | 249,030 | 2,420,572 | |
Crexus Investment Corp. | 188,644 | 2,510,852 | |
CubeSmart | 306,042 | 4,511,059 | |
CyrusOne, Inc. | 49,783 | 1,060,876 | |
Cys Investments, Inc. (d) | 437,281 | 5,186,153 | |
DCT Industrial Trust, Inc. (d) | 636,987 | 4,624,526 | |
DDR Corp. | 597,418 | 10,317,409 | |
DiamondRock Hospitality Co. | 508,573 | 4,546,643 | |
Digital Realty Trust, Inc. | 313,579 | 21,003,521 | |
Douglas Emmett, Inc. | 333,224 | 8,167,320 | |
Duke Realty LP (d) | 775,624 | 12,534,084 | |
DuPont Fabros Technology, Inc. | 161,268 | 3,734,967 | |
EastGroup Properties, Inc. | 77,000 | 4,374,370 | |
Education Realty Trust, Inc. | 304,047 | 3,317,153 | |
EPR Properties | 120,681 | 5,888,026 | |
Equity Lifestyle Properties, Inc. | 103,455 | 7,623,599 | |
Equity One, Inc. | 160,977 | 3,784,569 | |
Essex Property Trust, Inc. | 90,283 | 13,451,264 | |
Excel Trust, Inc. | 118,850 | 1,498,699 | |
Extra Space Storage, Inc. | 261,803 | 9,801,904 | |
Federal Realty Investment Trust (SBI) | 161,387 | 17,140,913 | |
FelCor Lodging Trust, Inc. (a) | 320,776 | 1,610,296 | |
First Industrial Realty Trust, Inc. | 236,437 | 3,752,255 | |
First Potomac Realty Trust | 155,718 | 2,200,295 | |
Franklin Street Properties Corp. | 183,467 | 2,522,671 | |
General Growth Properties, Inc. | 1,151,017 | 22,030,465 | |
Getty Realty Corp. (d) | 107,657 | 2,140,221 | |
Gladstone Commercial Corp. (d) | 28,855 | 547,091 | |
Glimcher Realty Trust | 372,526 | 4,194,643 | |
Government Properties Income Trust (d) | 109,886 | 2,907,584 | |
Gramercy Capital Corp. (a)(d) | 137,117 | 523,787 | |
Gyrodyne Co. of America, Inc. | 2,317 | 172,431 | |
Hatteras Financial Corp. | 250,581 | 6,688,007 | |
Healthcare Realty Trust, Inc. | 225,062 | 5,986,649 | |
Healthcare Trust of America, Inc. | 139,394 | 1,600,243 | |
Hersha Hospitality Trust | 462,079 | 2,592,263 | |
Highwoods Properties, Inc. (SBI) | 188,911 | 6,895,252 | |
Home Properties, Inc. | 130,546 | 8,148,681 | |
Hospitality Properties Trust (SBI) | 318,850 | 8,513,295 | |
Hudson Pacific Properties, Inc. | 107,288 | 2,421,490 | |
Inland Real Estate Corp. | 192,865 | 1,863,076 | |
Invesco Mortgage Capital, Inc. | 326,439 | 6,861,748 | |
Investors Real Estate Trust | 238,896 | 2,271,901 | |
iStar Financial, Inc. (a)(d) | 266,363 | 2,660,966 | |
JAVELIN Mortgage Investment Corp. | 18,180 | 348,692 | |
Kilroy Realty Corp. | 186,722 | 9,851,453 | |
Kite Realty Group Trust | 180,895 | 1,192,098 | |
LaSalle Hotel Properties (SBI) | 240,074 | 6,095,479 | |
Lexington Corporate Properties Trust (d) | 409,224 | 4,689,707 | |
| |||
Shares | Value | ||
Liberty Property Trust (SBI) (d) | 297,318 | $ 11,532,965 | |
LTC Properties, Inc. | 80,280 | 3,096,400 | |
Mack-Cali Realty Corp. | 205,743 | 5,838,986 | |
Medical Properties Trust, Inc. | 338,104 | 4,909,270 | |
MFA Financial, Inc. | 900,039 | 7,992,346 | |
MHI Hospitality Corp. | 1,708 | 7,327 | |
Mid-America Apartment Communities, Inc. | 105,434 | 7,321,337 | |
Monmouth Real Estate Investment Corp. Class A | 103,641 | 1,156,634 | |
MPG Office Trust, Inc. (a)(d) | 193,026 | 499,937 | |
National Health Investors, Inc. | 66,785 | 4,327,668 | |
National Retail Properties, Inc. (d) | 269,513 | 9,284,723 | |
New York Mortgage Trust, Inc. (d) | 113,947 | 802,187 | |
NorthStar Realty Finance Corp. | 392,817 | 3,515,712 | |
Omega Healthcare Investors, Inc. (d) | 281,314 | 7,873,979 | |
One Liberty Properties, Inc. | 35,770 | 776,924 | |
Parkway Properties, Inc. | 96,202 | 1,626,776 | |
Pebblebrook Hotel Trust | 162,576 | 3,887,192 | |
Pennsylvania Real Estate Investment Trust (SBI) | 141,880 | 2,560,934 | |
PennyMac Mortgage Investment Trust | 148,093 | 3,764,524 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 422,715 | 8,310,577 | |
PMC Commercial Trust | 13,962 | 97,874 | |
Post Properties, Inc. | 136,444 | 6,513,837 | |
Potlatch Corp. | 107,179 | 4,716,948 | |
Power (REIT) | 1,227 | 13,006 | |
PS Business Parks, Inc. | 47,862 | 3,541,309 | |
RAIT Financial Trust (d) | 147,972 | 1,071,317 | |
Ramco-Gershenson Properties Trust (SBI) | 127,919 | 2,021,120 | |
Rayonier, Inc. | 311,780 | 17,419,149 | |
Realty Income Corp. | 449,239 | 20,507,760 | |
Redwood Trust, Inc. | 205,166 | 4,156,663 | |
Regency Centers Corp. | 229,923 | 11,928,405 | |
Resource Capital Corp. | 285,451 | 1,941,067 | |
Retail Opportunity Investments Corp. (d) | 130,748 | 1,687,957 | |
Retail Properties America, Inc. | 85,922 | 1,271,646 | |
RLJ Lodging Trust | 284,277 | 6,080,685 | |
Rouse Properties, Inc. (d) | 62,419 | 1,036,780 | |
Ryman Hospitality Properties, Inc. (d) | 122,867 | 5,498,298 | |
Sabra Health Care REIT, Inc. | 104,213 | 2,754,350 | |
Saul Centers, Inc. | 29,808 | 1,304,398 | |
Select Income (REIT) | 47,478 | 1,320,363 | |
Senior Housing Properties Trust (SBI) | 464,288 | 11,648,986 | |
Silver Bay Realty Trust Corp. (d) | 36,712 | 749,659 | |
SL Green Realty Corp. | 227,024 | 18,529,699 | |
Sovran Self Storage, Inc. | 79,456 | 4,834,103 | |
Spirit Realty Capital, Inc. | 84,207 | 1,677,403 | |
Stag Industrial, Inc. | 111,041 | 2,355,180 | |
Starwood Property Trust, Inc. | 335,288 | 9,371,300 | |
Strategic Hotel & Resorts, Inc. (a) | 471,780 | 3,434,558 | |
Summit Hotel Properties, Inc. | 136,761 | 1,312,906 | |
Sun Communities, Inc. (d) | 74,202 | 3,452,619 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Sunstone Hotel Investors, Inc. (a) | 402,828 | $ 4,564,041 | |
Supertel Hospitality, Inc., Maryland (a) | 13,197 | 14,913 | |
Tanger Factory Outlet Centers, Inc. (d) | 232,875 | 8,218,159 | |
Taubman Centers, Inc. | 153,877 | 11,805,443 | |
Terreno Realty Corp. | 33,203 | 594,334 | |
The Geo Group, Inc. | 193,501 | 6,683,525 | |
The Macerich Co. | 344,003 | 20,678,020 | |
Two Harbors Investment Corp. | 742,870 | 9,553,308 | |
UDR, Inc. | 633,544 | 15,116,360 | |
UMH Properties, Inc. | 32,347 | 324,117 | |
Universal Health Realty Income Trust (SBI) | 33,579 | 1,917,697 | |
Urstadt Biddle Properties, Inc. Class A | 59,548 | 1,258,249 | |
Washington (REIT) (SBI) | 159,249 | 4,409,605 | |
Weingarten Realty Investors (SBI) | 287,296 | 8,805,622 | |
Western Asset Mortgage Capital Corp. | 58,863 | 1,264,966 | |
Whitestone REIT Class B | 35,381 | 521,870 | |
Winthrop Realty Trust | 68,647 | 861,520 | |
WP Carey, Inc. (d) | 146,332 | 8,719,924 | |
ZAIS Financial Corp. | 15,500 | 311,085 | |
| 823,205,855 | ||
Real Estate Management & Development - 0.5% | |||
Alexander & Baldwin, Inc. | 111,665 | 3,933,958 | |
American Realty Investments, Inc. (a) | 1,965 | 6,583 | |
AV Homes, Inc. (a) | 29,637 | 445,148 | |
Consolidated-Tomoka Land Co. (d) | 11,958 | 407,170 | |
Forest City Enterprises, Inc. Class A (a) | 356,962 | 5,725,670 | |
Forestar Group, Inc. (a)(d) | 94,973 | 1,654,430 | |
Gladstone Land Corp. | 2,000 | 30,140 | |
Howard Hughes Corp. (a) | 71,466 | 5,487,874 | |
InterGroup Corp. (a) | 336 | 7,617 | |
Jones Lang LaSalle, Inc. | 109,483 | 10,580,437 | |
Kennedy-Wilson Holdings, Inc. | 102,037 | 1,639,735 | |
Maui Land & Pineapple, Inc. (a) | 17,943 | 72,131 | |
Preferred Apartment Communities, Inc. Class A (d) | 6,866 | 60,009 | |
Realogy Holdings Corp. | 112,717 | 5,055,357 | |
Tejon Ranch Co. (a) | 36,577 | 1,071,706 | |
The St. Joe Co. (a)(d) | 244,497 | 5,452,283 | |
Thomas Properties Group, Inc. | 93,474 | 487,000 | |
Transcontinental Realty Investors, Inc. (a) | 1,497 | 7,725 | |
Zillow, Inc. (a)(d) | 35,559 | 1,527,615 | |
ZipRealty, Inc. (a) | 28,991 | 111,325 | |
| 43,763,913 | ||
Thrifts & Mortgage Finance - 1.1% | |||
Astoria Financial Corp. | 205,339 | 2,008,215 | |
Bank Mutual Corp. | 123,703 | 707,581 | |
BankFinancial Corp. | 56,765 | 452,985 | |
BBX Capital Corp. (a) | 42,087 | 340,063 | |
Beneficial Mutual Bancorp, Inc. (a) | 107,032 | 1,026,437 | |
Berkshire Hills Bancorp, Inc. | 59,104 | 1,436,227 | |
| |||
Shares | Value | ||
BofI Holding, Inc. (a) | 27,494 | $ 925,723 | |
Brookline Bancorp, Inc., Delaware | 180,966 | 1,646,791 | |
Camco Financial Corp. (a) | 7,852 | 28,738 | |
Cape Bancorp, Inc. | 25,193 | 229,004 | |
Capitol Federal Financial, Inc. | 435,831 | 5,155,881 | |
CFS Bancorp, Inc. | 12,402 | 94,999 | |
Charter Financial Corp., Georgia | 2,588 | 31,858 | |
Cheviot Financial Corp. | 44 | 479 | |
Chicopee Bancorp, Inc. | 13,096 | 206,131 | |
Clifton Savings Bancorp, Inc. | 25,210 | 284,873 | |
Dime Community Bancshares, Inc. | 89,159 | 1,266,949 | |
Doral Financial Corp. (a) | 295,629 | 168,361 | |
Elmira Savings Bank | 169 | 3,990 | |
ESB Financial Corp. | 31,148 | 427,662 | |
ESSA Bancorp, Inc. | 32,482 | 358,926 | |
EverBank Financial Corp. | 59,751 | 902,240 | |
Farmer Mac Class C (non-vtg.) | 27,142 | 916,043 | |
First Clover Leaf Financial Corp. | 10,566 | 80,302 | |
First Defiance Financial Corp. | 23,633 | 532,215 | |
First Federal Bancshares of Arkansas, Inc. (a)(d) | 4,711 | 45,226 | |
First Financial Holdings, Inc. | 43,715 | 872,551 | |
First Financial Northwest, Inc. (a) | 34,706 | 275,219 | |
First PacTrust Bancorp, Inc. | 20,005 | 205,451 | |
Flagstar Bancorp, Inc. (a)(d) | 50,000 | 679,500 | |
Flushing Financial Corp. | 72,793 | 1,150,129 | |
Fox Chase Bancorp, Inc. | 32,985 | 551,509 | |
Franklin Financial Corp./VA | 27,950 | 499,187 | |
Hampden Bancorp, Inc. | 5,136 | 81,252 | |
Heritage Financial Group, Inc. | 7,732 | 106,083 | |
HF Financial Corp. | 632 | 8,494 | |
HMN Financial, Inc. (a) | 2,852 | 15,315 | |
Home Bancorp, Inc. (a) | 15,826 | 291,831 | |
Home Federal Bancorp, Inc. | 37,371 | 429,767 | |
HomeStreet, Inc. (d) | 30,734 | 767,735 | |
HopFed Bancorp, Inc. | 11,426 | 120,887 | |
IF Bancorp, Inc. (a) | 11,597 | 174,071 | |
Impac Mortgage Holdings, Inc. (a)(d) | 20,302 | 229,413 | |
Kearny Financial Corp. | 52,612 | 525,594 | |
Madison County Financial, Inc. (a)(d) | 11,541 | 184,887 | |
Meridian Interstate Bancorp, Inc. (a) | 24,640 | 445,738 | |
Meta Financial Group, Inc. | 9,879 | 233,638 | |
MGIC Investment Corp. (a)(d) | 493,559 | 1,470,806 | |
MutualFirst Financial, Inc. | 7,773 | 104,547 | |
NASB Financial, Inc. (a) | 3,724 | 82,710 | |
Nationstar Mortgage Holdings, Inc. (d) | 43,150 | 1,662,570 | |
New Hampshire Thrift Bancshare | 2,906 | 38,679 | |
New York Community Bancorp, Inc. (d) | 1,102,758 | 14,887,233 | |
Northfield Bancorp, Inc. | 80,053 | 911,003 | |
Northwest Bancshares, Inc. (d) | 230,507 | 2,879,032 | |
Ocean Shore Holding Co. | 5,120 | 77,824 | |
OceanFirst Financial Corp. | 36,227 | 505,004 | |
Ocwen Financial Corp. (a) | 295,171 | 11,635,641 | |
Oneida Financial Corp. | 2,810 | 35,209 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Oritani Financial Corp. | 106,486 | $ 1,566,409 | |
Peoples Federal Bancshares, Inc. | 9,219 | 164,836 | |
Poage Bankshares, Inc. | 6,654 | 93,489 | |
Provident Financial Holdings, Inc. | 21,034 | 359,681 | |
Provident Financial Services, Inc. | 135,449 | 2,030,381 | |
Provident New York Bancorp | 105,447 | 946,914 | |
Pulaski Financial Corp. (d) | 11,679 | 115,622 | |
PVF Capital Corp. (a) | 37,435 | 139,633 | |
Radian Group, Inc. (d) | 342,468 | 3,017,143 | |
Riverview Bancorp, Inc. (a) | 20,156 | 44,746 | |
Rockville Financial, Inc. | 54,753 | 704,124 | |
Roma Financial Corp. | 25,270 | 380,061 | |
Security National Financial Corp. Class A (d) | 21,546 | 166,120 | |
SI Financial Group, Inc. | 9,136 | 104,516 | |
Simplicity Bancorp, Inc. | 22,747 | 346,664 | |
Southern Missouri Bancorp, Inc. | 376 | 9,445 | |
Territorial Bancorp, Inc. | 28,348 | 661,075 | |
TFS Financial Corp. (a)(d) | 268,274 | 2,819,560 | |
Timberland Bancorp, Inc. | 12,774 | 105,513 | |
Tree.com, Inc. | 19,805 | 345,201 | |
Trustco Bank Corp., New York | 220,181 | 1,147,143 | |
United Community Financial Corp., Ohio (a) | 32,608 | 109,563 | |
United Financial Bancorp, Inc. | 49,450 | 739,278 | |
ViewPoint Financial Group | 92,806 | 1,935,005 | |
Walker & Dunlop, Inc. (a) | 44,234 | 937,761 | |
Washington Federal, Inc. | 287,542 | 5,046,362 | |
Waterstone Financial, Inc. (a) | 7,726 | 59,104 | |
Westfield Financial, Inc. | 94,628 | 737,152 | |
WSFS Financial Corp. | 23,324 | 1,107,890 | |
| 87,356,799 | ||
TOTAL FINANCIALS | 1,856,416,579 | ||
HEALTH CARE - 10.5% | |||
Biotechnology - 3.3% | |||
Aastrom Biosciences, Inc. (a)(d) | 102,049 | 124,500 | |
ACADIA Pharmaceuticals, Inc. (a)(d) | 129,491 | 786,010 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 163,898 | 1,327,574 | |
Acorda Therapeutics, Inc. (a) | 110,294 | 3,281,247 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 111,483 | 84,727 | |
Aegerion Pharmaceuticals, Inc. (a) | 41,620 | 1,253,594 | |
Affymax, Inc. (a)(d) | 99,414 | 264,441 | |
Agenus, Inc. (a)(d) | 39,248 | 167,981 | |
Alkermes PLC (a) | 307,880 | 6,684,075 | |
Allos Therapeutics, Inc. rights | 344,107 | 3 | |
Alnylam Pharmaceuticals, Inc. (a) | 128,873 | 3,053,001 | |
AMAG Pharmaceuticals, Inc. (a) | 57,756 | 955,862 | |
Amicus Therapeutics, Inc. (a)(d) | 81,548 | 218,549 | |
| |||
Shares | Value | ||
Anacor Pharmaceuticals, Inc. (a) | 42,589 | $ 148,210 | |
Anthera Pharmaceuticals, Inc. (a)(d) | 123,150 | 75,122 | |
ARCA biopharma, Inc. (a)(d) | 20,234 | 10,319 | |
Arena Pharmaceuticals, Inc. (a)(d) | 559,228 | 4,691,923 | |
ARIAD Pharmaceuticals, Inc. (a) | 464,412 | 9,766,584 | |
ArQule, Inc. (a) | 132,859 | 326,833 | |
Array Biopharma, Inc. (a) | 280,498 | 1,091,137 | |
Arrowhead Research Corp. (a)(d) | 16,316 | 35,079 | |
Astex Pharmaceuticals, Inc. (a)(d) | 207,009 | 674,849 | |
Athersys, Inc. (a)(d) | 108,924 | 165,564 | |
AVEO Pharmaceuticals, Inc. (a)(d) | 115,401 | 769,725 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 81,419 | 97,703 | |
BioMarin Pharmaceutical, Inc. (a) | 316,623 | 18,354,635 | |
BioMimetic Therapeutics, Inc. (a) | 45,475 | 431,558 | |
Biospecifics Technologies Corp. (a) | 11,833 | 185,778 | |
Biota Pharmaceuticals, Inc. | 20,991 | 83,754 | |
BioTime, Inc. (a)(d) | 68,237 | 287,278 | |
Cardium Therapeutics, Inc. (a)(d) | 106,276 | 17,865 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 69,095 | 30,975 | |
Cel-Sci Corp. (a)(d) | 503,397 | 133,300 | |
Cell Therapeutics, Inc. (a)(d) | 197,840 | 265,106 | |
Celldex Therapeutics, Inc. (a)(d) | 208,754 | 1,987,338 | |
Celsion Corp. (a)(d) | 80,797 | 78,373 | |
Cepheid, Inc. (a)(d) | 169,489 | 6,174,484 | |
Chelsea Therapeutics International Ltd. (a)(d) | 149,074 | 235,537 | |
ChemoCentryx, Inc. (d) | 8,614 | 116,203 | |
Cleveland Biolabs, Inc. (a)(d) | 93,847 | 145,463 | |
Clovis Oncology, Inc. (a)(d) | 38,859 | 732,881 | |
Codexis, Inc. (a) | 66,590 | 137,841 | |
Coronado Biosciences, Inc. (a)(d) | 46,043 | 337,035 | |
Cubist Pharmaceuticals, Inc. (a) | 160,460 | 6,808,318 | |
Cubist Pharmaceuticals, Inc. rights (a) | 105,448 | 1 | |
Curis, Inc. (a)(d) | 208,503 | 560,873 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 28,189 | 155,885 | |
Cytokinetics, Inc. | 284,668 | 284,099 | |
Cytori Therapeutics, Inc. (a)(d) | 157,438 | 401,467 | |
CytRx Corp. (a)(d) | 53,802 | 112,984 | |
DARA BioSciences, Inc. (a)(d) | 22,334 | 22,557 | |
Dendreon Corp. (a)(d) | 380,156 | 2,201,103 | |
Discovery Laboratories, Inc. (a)(d) | 83,205 | 204,684 | |
Durata Therapeutics, Inc. (d) | 19,378 | 165,682 | |
Dyax Corp. (a)(d) | 235,415 | 755,682 | |
Dynavax Technologies Corp. (a)(d) | 441,222 | 900,093 | |
Emergent BioSolutions, Inc. (a) | 62,949 | 975,080 | |
EntreMed, Inc. (a) | 37,512 | 110,660 | |
Enzon Pharmaceuticals, Inc. | 134,828 | 570,322 | |
Exact Sciences Corp. (a) | 176,780 | 1,888,010 | |
Exelixis, Inc. (a)(d) | 484,897 | 2,211,130 | |
Forticell Bioscience, Inc. (a) | 2 | 0 | |
Galectin Therapeutics, Inc. (a) | 5,313 | 18,117 | |
Galena Biopharma, Inc. (a)(d) | 229,872 | 439,056 | |
Genomic Health, Inc. (a)(d) | 52,977 | 1,517,791 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
GenVec, Inc. (a) | 22,127 | $ 36,952 | |
Geron Corp. (a)(d) | 296,896 | 433,468 | |
GTx, Inc. (a) | 60,735 | 276,344 | |
Halozyme Therapeutics, Inc. (a)(d) | 210,823 | 1,151,094 | |
Hemispherx Biopharma, Inc. (a) | 354,277 | 77,941 | |
Hyperion Therapeutics, Inc. | 16,210 | 295,670 | |
iBio, Inc. (a)(d) | 102,306 | 64,964 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 267,583 | 1,126,524 | |
Idera Pharmaceuticals, Inc. (a) | 48,311 | 34,784 | |
ImmunoCellular Therapeutics Ltd. (a)(d) | 122,575 | 311,341 | |
ImmunoGen, Inc. (a)(d) | 222,354 | 3,373,110 | |
Immunomedics, Inc. (a)(d) | 140,629 | 323,447 | |
Incyte Corp. (a)(d) | 336,696 | 7,474,651 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 96,136 | 3,969,455 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 218,287 | 150,618 | |
Insmed, Inc. (a)(d) | 75,313 | 463,928 | |
Intercept Pharmaceuticals, Inc. (d) | 12,204 | 476,200 | |
InterMune, Inc. (a) | 197,527 | 1,752,064 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 214,285 | 3,199,275 | |
Isis Pharmaceuticals, Inc. (a)(d) | 255,145 | 3,750,632 | |
IsoRay, Inc. (a)(d) | 76,668 | 40,557 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 197,816 | 1,271,957 | |
KYTHERA Biopharmaceuticals, Inc. (d) | 10,524 | 274,255 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 1,360,008 | 2,679,216 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a) | 50,640 | 1,040,146 | |
General CVR | 26,087 | 183 | |
Glucagon CVR (a) | 26,087 | 261 | |
rights (a) | 26,087 | 417 | |
TR Beta CVR (a) | 26,087 | 170 | |
Lpath, Inc. (a) | 19,435 | 82,404 | |
MannKind Corp. (a)(d) | 440,347 | 1,127,288 | |
Maxygen, Inc. | 88,637 | 216,274 | |
Medgenics, Inc. (a) | 12,815 | 64,075 | |
MediciNova, Inc. (a)(d) | 37,660 | 128,044 | |
Medivation, Inc. (a) | 190,494 | 9,360,875 | |
Merrimack Pharmaceuticals, Inc. (d) | 38,283 | 245,011 | |
Metabolix, Inc. (a)(d) | 85,270 | 207,206 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 119,519 | 1,522,672 | |
Myriad Genetics, Inc. (a)(d) | 213,646 | 5,430,881 | |
Nanosphere, Inc. (a)(d) | 90,356 | 176,194 | |
Neuralstem, Inc. (a)(d) | 141,327 | 149,807 | |
Neurocrine Biosciences, Inc. (a) | 167,845 | 1,775,800 | |
NewLink Genetics Corp. (a)(d) | 48,922 | 575,812 | |
Novavax, Inc. (a)(d) | 303,349 | 552,095 | |
NPS Pharmaceuticals, Inc. (a)(d) | 215,077 | 1,716,314 | |
OncoGenex Pharmaceuticals, Inc. (a)(d) | 29,511 | 350,886 | |
Oncothyreon, Inc. (a)(d) | 122,634 | 253,852 | |
Onyx Pharmaceuticals, Inc. (a) | 184,637 | 13,905,012 | |
Opexa Therapeutics, Inc. (a)(d) | 8,319 | 15,972 | |
| |||
Shares | Value | ||
Opko Health, Inc. (a)(d) | 342,921 | $ 2,379,872 | |
Orexigen Therapeutics, Inc. (a)(d) | 180,401 | 1,075,190 | |
Osiris Therapeutics, Inc. (a)(d) | 39,420 | 259,384 | |
OXiGENE, Inc. (a)(d) | 3,950 | 16,274 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 46,598 | 13,047 | |
PDL BioPharma, Inc. (d) | 384,661 | 2,746,480 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 306,032 | 397,842 | |
Pharmacyclics, Inc. (a)(d) | 127,562 | 11,197,392 | |
PharmAthene, Inc. (a)(d) | 77,388 | 100,604 | |
Progenics Pharmaceuticals, Inc. (a) | 107,490 | 283,774 | |
Puma Biotechnology, Inc. | 19,440 | 499,802 | |
Raptor Pharmaceutical Corp. (a)(d) | 132,438 | 658,217 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 192,591 | 32,162,697 | |
Regulus Therapeutics, Inc. | 27,301 | 140,600 | |
Repligen Corp. (a) | 65,974 | 411,018 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 117,188 | 36,328 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 240,910 | 1,618,915 | |
Sangamo Biosciences, Inc. (a)(d) | 138,269 | 1,408,961 | |
Sarepta Therapeutics, Inc. (a)(d) | 68,876 | 2,016,001 | |
Savient Pharmaceuticals, Inc. (a)(d) | 212,410 | 199,665 | |
Seattle Genetics, Inc. (a)(d) | 264,595 | 7,445,703 | |
SIGA Technologies, Inc. (a)(d) | 109,876 | 470,269 | |
Spectrum Pharmaceuticals, Inc. (d) | 147,610 | 1,682,754 | |
StemCells, Inc. (a)(d) | 72,956 | 124,755 | |
Stemline Therapeutics, Inc. | 7,164 | 86,684 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 78,760 | 411,127 | |
Synageva BioPharma Corp. (a) | 28,243 | 1,411,303 | |
Synergy Pharmaceuticals, Inc. (a)(d) | 156,772 | 857,543 | |
Synta Pharmaceuticals Corp. (a)(d) | 112,511 | 966,469 | |
Synthetic Biologics, Inc. (a) | 51,943 | 89,342 | |
Targacept, Inc. (a) | 150,431 | 651,366 | |
Telik, Inc. (a) | 3,787 | 6,135 | |
TESARO, Inc. (d) | 17,478 | 347,113 | |
Theravance, Inc. (a)(d) | 173,595 | 3,522,243 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 133,997 | 620,406 | |
Tranzyme, Inc. (a) | 38,997 | 20,637 | |
Trius Therapeutics, Inc. (a) | 76,208 | 400,092 | |
Trovagene, Inc. (a)(d) | 26,256 | 161,474 | |
United Therapeutics Corp. (a)(d) | 128,305 | 7,673,922 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 115,941 | 435,938 | |
Venaxis, Inc. (a) | 1,992 | 4,582 | |
Verastem, Inc. (a)(d) | 4,002 | 37,699 | |
Vertex Pharmaceuticals, Inc. (a) | 555,579 | 26,012,209 | |
Vical, Inc. (a) | 181,350 | 580,320 | |
XOMA Corp. (a)(d) | 195,513 | 529,840 | |
Zalicus, Inc. (a)(d) | 271,923 | 177,294 | |
ZIOPHARM Oncology, Inc. (a)(d) | 196,259 | 869,427 | |
| 271,218,417 | ||
Health Care Equipment & Supplies - 2.3% | |||
Abaxis, Inc. | 51,787 | 2,196,805 | |
Abiomed, Inc. (a)(d) | 100,014 | 1,604,225 | |
Accuray, Inc. (a)(d) | 145,252 | 620,226 | |
Alere, Inc. (a) | 189,216 | 4,306,556 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Align Technology, Inc. (a) | 182,943 | $ 5,751,728 | |
Allied Healthcare Products, Inc. (a) | 4,954 | 13,524 | |
Alphatec Holdings, Inc. (a) | 223,255 | 363,906 | |
Analogic Corp. (d) | 32,199 | 2,388,844 | |
Angiodynamics, Inc. (a) | 78,307 | 970,224 | |
Anika Therapeutics, Inc. (a) | 35,451 | 441,365 | |
Antares Pharma, Inc. (a)(d) | 291,705 | 1,003,465 | |
ArthroCare Corp. (a) | 71,853 | 2,509,107 | |
Atossa Genetics, Inc. (d) | 1,948 | 12,467 | |
Atricure, Inc. (a) | 33,966 | 301,618 | |
Atrion Corp. | 3,467 | 680,364 | |
Bacterin International Holdings, Inc. (a)(d) | 41,452 | 37,514 | |
BioLase Technology, Inc. (d) | 76,165 | 274,956 | |
Bovie Medical Corp. (a) | 27,980 | 76,385 | |
BSD Medical Corp. (a)(d) | 95,648 | 126,255 | |
Cantel Medical Corp. | 58,616 | 1,824,716 | |
Cardica, Inc. (a) | 38,892 | 45,115 | |
Cardiovascular Systems, Inc. (a) | 54,580 | 862,910 | |
Cerus Corp. (a)(d) | 105,314 | 346,483 | |
Chembio Diagnostics, Inc. (a) | 4,082 | 22,288 | |
Conceptus, Inc. (a)(d) | 78,853 | 1,760,787 | |
CONMED Corp. | 68,757 | 2,139,030 | |
Cryolife, Inc. | 77,981 | 478,024 | |
Cutera, Inc. (a) | 35,495 | 457,886 | |
Cyberonics, Inc. (a) | 69,680 | 3,187,860 | |
Cynosure, Inc. Class A (a) | 34,199 | 968,858 | |
Delcath Systems, Inc. (a)(d) | 162,758 | 252,275 | |
Derma Sciences, Inc. (a)(d) | 24,519 | 302,319 | |
DexCom, Inc. (a)(d) | 183,507 | 2,739,760 | |
Digirad Corp. (a) | 23,301 | 53,359 | |
Dynatronics Corp. (a) | 3,425 | 8,871 | |
DynaVox, Inc. Class A (a) | 35,547 | 16,288 | |
Endologix, Inc. (a)(d) | 152,183 | 2,291,876 | |
EnteroMedics, Inc. (a)(d) | 71,659 | 60,151 | |
ERBA Diagnostics, Inc. (a) | 7,111 | 5,334 | |
Escalon Medical Corp. (a) | 3,512 | 3,617 | |
Exactech, Inc. (a) | 19,203 | 353,527 | |
Fonar Corp. (a) | 5,489 | 29,586 | |
Genmark Diagnostics, Inc. (a)(d) | 70,035 | 730,465 | |
Globus Medical, Inc. (d) | 19,520 | 282,064 | |
Greatbatch, Inc. (a) | 55,243 | 1,495,428 | |
Haemonetics Corp. (a) | 131,168 | 5,410,680 | |
Hansen Medical, Inc. (a)(d) | 150,643 | 322,376 | |
Hill-Rom Holdings, Inc. | 151,281 | 4,958,991 | |
Hologic, Inc. (a) | 681,475 | 14,876,599 | |
ICU Medical, Inc. (a)(d) | 33,325 | 1,891,527 | |
IDEXX Laboratories, Inc. (a) | 139,253 | 12,827,986 | |
Insulet Corp. (a)(d) | 133,384 | 3,010,477 | |
Integra LifeSciences Holdings Corp. (a) | 50,385 | 2,052,685 | |
Invacare Corp. | 71,642 | 1,039,525 | |
| |||
Shares | Value | ||
Iridex Corp. (a) | 9,439 | $ 44,835 | |
Kewaunee Scientific Corp. | 5,250 | 68,670 | |
Kips Bay Medical, Inc. (a) | 9,803 | 9,999 | |
LeMaitre Vascular, Inc. | 17,157 | 104,658 | |
Mako Surgical Corp. (a)(d) | 115,552 | 1,477,910 | |
Masimo Corp. | 148,292 | 2,943,596 | |
Medical Action Industries, Inc. (a) | 32,086 | 189,949 | |
MELA Sciences, Inc. (a)(d) | 117,358 | 174,863 | |
Meridian Bioscience, Inc. (d) | 116,715 | 2,474,358 | |
Merit Medical Systems, Inc. (a) | 95,450 | 1,137,764 | |
Misonix, Inc. (a) | 11,163 | 63,629 | |
Natus Medical, Inc. (a) | 73,032 | 927,506 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 295,085 | 905,911 | |
Neogen Corp. (a) | 57,433 | 2,689,013 | |
NeuroMetrix, Inc. (a) | 685 | 1,767 | |
NuVasive, Inc. (a) | 108,905 | 2,022,366 | |
NxStage Medical, Inc. (a)(d) | 140,487 | 1,576,264 | |
OraSure Technologies, Inc. (a) | 127,609 | 709,506 | |
Orthofix International NV (a) | 56,449 | 2,103,290 | |
Palomar Medical Technologies, Inc. (a) | 45,060 | 497,462 | |
PhotoMedex, Inc. (a)(d) | 37,410 | 551,798 | |
Quidel Corp. (a)(d) | 73,655 | 1,743,414 | |
ResMed, Inc. (d) | 365,366 | 16,255,133 | |
Retractable Technologies, Inc. (a) | 5,601 | 5,517 | |
Rochester Medical Corp. (a) | 22,381 | 330,344 | |
Rockwell Medical Technologies, Inc. (a)(d) | 39,941 | 176,140 | |
RTI Biologics, Inc. (a) | 112,823 | 409,547 | |
Sirona Dental Systems, Inc. (a) | 140,139 | 9,952,672 | |
Solta Medical, Inc. (a) | 115,233 | 262,731 | |
Staar Surgical Co. (a) | 69,588 | 375,079 | |
Stereotaxis, Inc. (a)(d) | 11,645 | 25,386 | |
Steris Corp. | 153,593 | 5,990,127 | |
SurModics, Inc. (a) | 32,266 | 818,266 | |
Symmetry Medical, Inc. (a) | 93,411 | 974,277 | |
Synergetics USA, Inc. (a) | 65,159 | 346,646 | |
Teleflex, Inc. | 104,105 | 8,324,236 | |
The Cooper Companies, Inc. | 121,073 | 12,841,002 | |
The Spectranetics Corp. (a) | 93,141 | 1,690,509 | |
Theragenics Corp. (a) | 80,225 | 130,767 | |
ThermoGenesis Corp. (a) | 36,219 | 32,597 | |
Thoratec Corp. (a)(d) | 150,418 | 5,296,218 | |
TranS1, Inc. (a) | 31,931 | 69,929 | |
Unilife Corp. (a)(d) | 250,905 | 629,772 | |
Urologix, Inc. (a) | 5,053 | 3,386 | |
Uroplasty, Inc. (a) | 38,436 | 93,784 | |
Utah Medical Products, Inc. | 5,647 | 234,068 | |
Vascular Solutions, Inc. (a)(d) | 32,880 | 499,118 | |
Vermillion, Inc. (a) | 26,315 | 32,104 | |
Vision Sciences, Inc. (a)(d) | 22,011 | 23,992 | |
Volcano Corp. (a)(d) | 137,886 | 2,983,853 | |
West Pharmaceutical Services, Inc. | 86,644 | 5,235,030 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Wright Medical Group, Inc. (a)(d) | 116,793 | $ 2,453,037 | |
Zeltiq Aesthetics, Inc. (a) | 39,478 | 159,096 | |
| 189,862,148 | ||
Health Care Providers & Services - 2.6% | |||
Acadia Healthcare Co., Inc. (a) | 87,345 | 2,377,531 | |
Accretive Health, Inc. (a)(d) | 142,160 | 1,361,893 | |
Adcare Health Systems, Inc. | 10,908 | 48,759 | |
Addus HomeCare Corp. (a) | 22,321 | 196,648 | |
Advocat, Inc. (d) | 12,213 | 67,294 | |
Air Methods Corp. | 88,381 | 3,958,585 | |
Alliance Healthcare Services, Inc. (a) | 22,763 | 160,252 | |
Almost Family, Inc. | 17,026 | 350,565 | |
Amedisys, Inc. (a)(d) | 76,646 | 866,100 | |
American CareSource Holdings, Inc. (a) | 2,053 | 3,716 | |
American Shared Hospital Services (a) | 115 | 239 | |
AMN Healthcare Services, Inc. (a)(d) | 110,869 | 1,563,253 | |
AmSurg Corp. (a) | 82,424 | 2,489,205 | |
Assisted Living Concepts, Inc. Class A | 44,685 | 529,070 | |
Bio-Reference Laboratories, Inc. (a)(d) | 65,019 | 1,721,703 | |
BioScrip, Inc. (a) | 149,908 | 1,641,493 | |
Brookdale Senior Living, Inc. (a) | 248,627 | 6,881,995 | |
Capital Senior Living Corp. (a) | 68,963 | 1,586,149 | |
CardioNet, Inc. (a) | 56,333 | 140,269 | |
Centene Corp. (a) | 130,754 | 5,886,545 | |
Chemed Corp. | 53,951 | 4,164,478 | |
Chindex International, Inc. (a) | 33,922 | 371,446 | |
Community Health Systems, Inc. | 232,860 | 9,840,664 | |
Corvel Corp. (a) | 14,612 | 701,960 | |
Cross Country Healthcare, Inc. (a) | 74,123 | 422,501 | |
Emeritus Corp. (a) | 73,472 | 2,093,217 | |
ExamWorks Group, Inc. (a)(d) | 75,796 | 1,073,271 | |
Five Star Quality Care, Inc. (a) | 111,797 | 708,793 | |
Gentiva Health Services, Inc. (a) | 70,931 | 746,194 | |
Hanger, Inc. (a) | 89,928 | 2,667,264 | |
HCA Holdings, Inc. | 622,383 | 23,084,185 | |
Health Management Associates, Inc. Class A (a) | 656,011 | 7,209,561 | |
Health Net, Inc. (a) | 204,919 | 5,274,615 | |
HealthSouth Corp. (a)(d) | 243,240 | 5,866,949 | |
Healthways, Inc. (a) | 92,492 | 1,188,522 | |
Henry Schein, Inc. (a)(d) | 220,388 | 19,663,017 | |
HMS Holdings Corp. (a)(d) | 220,916 | 6,404,355 | |
Hooper Holmes, Inc. (a) | 128,551 | 64,147 | |
InfuSystems Holdings, Inc. (a) | 5,400 | 8,748 | |
IPC The Hospitalist Co., Inc. (a) | 43,764 | 1,824,959 | |
Kindred Healthcare, Inc. (a) | 140,026 | 1,578,093 | |
Landauer, Inc. | 24,048 | 1,411,858 | |
LCA-Vision, Inc. (a) | 49,197 | 142,179 | |
LHC Group, Inc. (a) | 40,565 | 824,281 | |
LifePoint Hospitals, Inc. (a) | 123,734 | 5,455,432 | |
Magellan Health Services, Inc. (a) | 69,977 | 3,608,014 | |
| |||
Shares | Value | ||
MEDNAX, Inc. (a) | 126,763 | $ 10,853,448 | |
Molina Healthcare, Inc. (a)(d) | 77,587 | 2,475,801 | |
MWI Veterinary Supply, Inc. (a)(d) | 30,688 | 3,874,667 | |
National Healthcare Corp. | 33,268 | 1,542,637 | |
National Research Corp. | 7,753 | 440,991 | |
NeoStem, Inc. (a)(d) | 214,786 | 130,053 | |
Omnicare, Inc. | 274,636 | 10,232,937 | |
Owens & Minor, Inc. | 155,625 | 4,738,781 | |
PDI, Inc. (a) | 19,284 | 140,773 | |
PharMerica Corp. (a) | 75,146 | 1,076,842 | |
Providence Service Corp. (a) | 34,776 | 593,974 | |
Psychemedics Corp. | 15,744 | 189,400 | |
RadNet, Inc. (a) | 74,982 | 212,199 | |
Select Medical Holdings Corp. | 118,813 | 1,097,832 | |
Sharps Compliance Corp. (a) | 29,684 | 86,677 | |
Skilled Healthcare Group, Inc. (a)(d) | 74,963 | 436,285 | |
SunLink Health Systems, Inc. (a) | 19,190 | 13,241 | |
Team Health Holdings, Inc. (a) | 86,158 | 2,885,431 | |
The Ensign Group, Inc. | 45,486 | 1,424,622 | |
Triple-S Management Corp. (a) | 46,216 | 830,039 | |
U.S. Physical Therapy, Inc. | 27,554 | 678,379 | |
Universal American Spin Corp. | 106,211 | 885,800 | |
Universal Health Services, Inc. Class B | 225,201 | 13,036,886 | |
Vanguard Health Systems, Inc. (a) | 106,734 | 1,587,135 | |
VCA Antech, Inc. (a)(d) | 222,282 | 4,881,313 | |
Wellcare Health Plans, Inc. (a) | 110,227 | 6,303,882 | |
| 208,879,992 | ||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a) | 430,727 | 5,478,847 | |
Arrhythmia Research Technology, Inc. | 9,913 | 23,791 | |
athenahealth, Inc. (a)(d) | 90,283 | 8,467,643 | |
Authentidate Holding Corp. (a)(d) | 33,216 | 22,853 | |
CollabRx, Inc. (a) | 177 | 604 | |
Computer Programs & Systems, Inc. | 32,130 | 1,675,258 | |
Epocrates, Inc. (a) | 46,015 | 540,676 | |
Greenway Medical Technologies (d) | 34,410 | 545,399 | |
HealthStream, Inc. (a)(d) | 59,006 | 1,262,138 | |
iCAD, Inc. (a) | 22,614 | 123,246 | |
MedAssets, Inc. (a)(d) | 128,301 | 2,369,719 | |
Medidata Solutions, Inc. (a) | 61,697 | 3,215,648 | |
Merge Healthcare, Inc. (a)(d) | 198,185 | 485,553 | |
Omnicell, Inc. (a) | 104,307 | 1,879,612 | |
Quality Systems, Inc. | 93,934 | 1,739,658 | |
Simulations Plus, Inc. | 26,420 | 105,680 | |
Streamline Health Solutions, Inc. (a) | 17,735 | 98,784 | |
Vocera Communications, Inc. (d) | 14,002 | 369,233 | |
| 28,404,342 | ||
Life Sciences Tools & Services - 1.0% | |||
Accelerate Diagnostics, Inc. (a)(d) | 42,778 | 224,585 | |
Affymetrix, Inc. (a)(d) | 186,657 | 759,694 | |
Albany Molecular Research, Inc. (a) | 52,930 | 427,674 | |
Apricus Biosciences, Inc. (a)(d) | 65,877 | 175,892 | |
BG Medicine, Inc. (a)(d) | 19,157 | 32,950 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Life Sciences Tools & Services - continued | |||
Bio-Rad Laboratories, Inc. Class A (a) | 50,592 | $ 6,232,934 | |
Bioanalytical Systems, Inc. (a)(d) | 4,772 | 7,444 | |
BioClinica, Inc. (a) | 30,779 | 222,840 | |
Bruker BioSciences Corp. (a) | 234,581 | 4,114,551 | |
Cambrex Corp. (a) | 73,010 | 840,345 | |
Charles River Laboratories International, Inc. (a) | 121,309 | 4,942,129 | |
CombiMatrix Corp. (a) | 203 | 757 | |
Complete Genomics, Inc. (a) | 74,375 | 232,794 | |
Covance, Inc. (a) | 145,451 | 9,685,582 | |
Enzo Biochem, Inc. (a) | 71,931 | 215,793 | |
Fluidigm Corp. (a)(d) | 49,302 | 850,953 | |
Furiex Pharmaceuticals, Inc. (a) | 30,575 | 1,133,110 | |
Harvard Bioscience, Inc. (a) | 57,605 | 331,229 | |
Illumina, Inc. (a)(d) | 314,033 | 15,742,474 | |
Luminex Corp. (a) | 115,050 | 1,942,044 | |
Mettler-Toledo International, Inc. (a)(d) | 77,223 | 16,433,054 | |
Pacific Biosciences of California, Inc. (a) | 117,048 | 269,210 | |
PAREXEL International Corp. (a) | 151,344 | 5,250,123 | |
pSivida Corp. (a)(d) | 55,999 | 120,398 | |
PURE Bioscience, Inc. (a)(d) | 26,193 | 17,811 | |
Response Genetics, Inc. (a) | 8,201 | 10,661 | |
Sequenom, Inc. (a)(d) | 324,864 | 1,335,191 | |
Strategic Diagnostics, Inc. (a) | 32,256 | 34,191 | |
Techne Corp. | 89,351 | 6,074,974 | |
Virtualscopics, Inc. (a) | 21,674 | 14,088 | |
| 77,675,475 | ||
Pharmaceuticals - 1.0% | |||
AcelRx Pharmaceuticals, Inc. (a)(d) | 33,539 | 167,695 | |
Acura Pharmaceuticals, Inc. (a)(d) | 28,281 | 58,259 | |
Akorn, Inc. (a)(d) | 193,389 | 2,668,768 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 37,601 | 166,572 | |
Alimera Sciences, Inc. (a) | 16,534 | 49,602 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 71,327 | 276,749 | |
Auxilium Pharmaceuticals, Inc. (a) | 125,781 | 2,144,566 | |
AVANIR Pharmaceuticals Class A (a)(d) | 348,652 | 951,820 | |
Biodel, Inc. (a) | 20,123 | 54,936 | |
Biodelivery Sciences International, Inc. (a) | 71,558 | 269,774 | |
BioSante Pharmaceuticals, Inc. (a)(d) | 58,183 | 76,220 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 134,049 | 656,840 | |
Cempra, Inc. | 24,510 | 159,805 | |
Columbia Laboratories, Inc. (a) | 152,776 | 94,293 | |
Corcept Therapeutics, Inc. (a)(d) | 163,339 | 266,243 | |
Cornerstone Therapeutics, Inc. (a) | 21,886 | 145,980 | |
Cumberland Pharmaceuticals, Inc. (a) | 32,551 | 142,573 | |
DepoMed, Inc. (a)(d) | 128,941 | 834,248 | |
Durect Corp. (a) | 192,572 | 215,681 | |
Echo Therapeutics, Inc. (a)(d) | 90,982 | 68,237 | |
Endo Health Solutions, Inc. (a) | 291,763 | 9,044,653 | |
Endocyte, Inc. (a) | 78,763 | 760,063 | |
| |||
Shares | Value | ||
Heska Corp. | 6,758 | $ 54,807 | |
Hi-Tech Pharmacal Co., Inc. | 29,611 | 1,095,903 | |
Horizon Pharma, Inc. (d) | 101,692 | 214,570 | |
Impax Laboratories, Inc. (a) | 164,829 | 3,268,559 | |
Jazz Pharmaceuticals PLC (a)(d) | 119,184 | 6,934,125 | |
Lannett Co., Inc. (a) | 38,740 | 319,992 | |
MAP Pharmaceuticals, Inc. (a)(d) | 68,332 | 1,708,300 | |
Nektar Therapeutics (a)(d) | 302,419 | 2,803,424 | |
NovaBay Pharmaceuticals, Inc. (a) | 72,124 | 88,713 | |
NuPathe, Inc. (a)(d) | 56,740 | 185,540 | |
Obagi Medical Products, Inc. (a) | 38,431 | 518,050 | |
Omeros Corp. (a)(d) | 54,848 | 297,825 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 124,619 | 1,510,382 | |
Pacira Pharmaceuticals, Inc. (a)(d) | 58,450 | 1,277,717 | |
Pain Therapeutics, Inc. | 81,649 | 239,232 | |
Pernix Therapeutics Holdings, Inc. (a)(d) | 16,867 | 100,527 | |
Pozen, Inc. (a) | 81,989 | 507,512 | |
Questcor Pharmaceuticals, Inc. (d) | 150,099 | 4,893,227 | |
Repros Therapeutics, Inc. (a)(d) | 38,258 | 449,532 | |
Sagent Pharmaceuticals, Inc. (a) | 30,621 | 502,184 | |
Salix Pharmaceuticals Ltd. (a) | 128,042 | 6,254,852 | |
Santarus, Inc. (a) | 124,722 | 1,655,061 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 131,167 | 624,355 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 9,062 | 25,736 | |
Sucampo Pharmaceuticals, Inc. Class A (a) | 31,122 | 159,033 | |
Supernus Pharmaceuticals, Inc. (a)(d) | 40,527 | 310,437 | |
The Medicines Company (a) | 135,414 | 4,307,519 | |
Transcept Pharmaceuticals, Inc. (a) | 34,975 | 202,855 | |
Ventrus Biosciences, Inc. (a)(d) | 45,264 | 138,508 | |
ViroPharma, Inc. (a)(d) | 176,620 | 4,404,903 | |
VIVUS, Inc. (a)(d) | 256,380 | 2,748,394 | |
Warner Chilcott PLC | 445,274 | 6,015,652 | |
XenoPort, Inc. (a) | 106,787 | 815,853 | |
Zoetis, Inc. Class A (d) | 211,300 | 7,067,985 | |
Zogenix, Inc. (a)(d) | 158,950 | 297,237 | |
| 81,272,078 | ||
TOTAL HEALTH CARE | 857,312,452 | ||
INDUSTRIALS - 15.3% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. | 104,918 | 1,843,409 | |
AeroVironment, Inc. (a)(d) | 58,230 | 1,288,048 | |
Alliant Techsystems, Inc. | 88,425 | 5,818,365 | |
American Science & Engineering, Inc. | 23,785 | 1,487,514 | |
API Technologies Corp. (a) | 67,799 | 177,633 | |
Ascent Solar Technologies, Inc. (a)(d) | 112,670 | 73,236 | |
Astronics Corp. (a) | 27,943 | 769,830 | |
Astrotech Corp. (a) | 39,511 | 32,794 | |
BE Aerospace, Inc. (a) | 263,520 | 13,863,787 | |
Breeze Industrial Products Corp. (a) | 10,964 | 89,357 | |
CPI Aerostructures, Inc. (a) | 13,911 | 123,808 | |
Cubic Corp. | 43,040 | 1,796,490 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Aerospace & Defense - continued | |||
Curtiss-Wright Corp. | 124,901 | $ 4,335,314 | |
DigitalGlobe, Inc. (a) | 187,731 | 4,896,024 | |
Ducommun, Inc. (a) | 21,976 | 340,628 | |
EDAC Technologies Corp. (a)(d) | 23,390 | 357,867 | |
Engility Holdings, Inc. (a)(d) | 38,954 | 735,062 | |
Esterline Technologies Corp. (a) | 78,591 | 5,417,278 | |
Exelis, Inc. | 480,809 | 4,961,949 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 150,086 | 1,808,536 | |
HEICO Corp. Class A | 108,929 | 3,627,336 | |
Hexcel Corp. (a) | 258,459 | 7,043,008 | |
Huntington Ingalls Industries, Inc. | 124,561 | 5,983,910 | |
Innovative Solutions & Support, Inc. | 13,417 | 61,450 | |
KEYW Holding Corp. (a)(d) | 62,569 | 907,251 | |
Kratos Defense & Security Solutions, Inc. (a) | 125,424 | 530,544 | |
LMI Aerospace, Inc. (a) | 26,052 | 577,052 | |
Moog, Inc. Class A (a)(d) | 117,980 | 5,304,381 | |
National Presto Industries, Inc. (d) | 11,507 | 874,417 | |
Orbital Sciences Corp. (a) | 153,534 | 2,269,233 | |
SIFCO Industries, Inc. | 1,004 | 16,104 | |
Sparton Corp. (a) | 27,651 | 396,515 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 289,178 | 5,034,589 | |
Sypris Solutions, Inc. | 19,374 | 80,208 | |
Taser International, Inc. (a)(d) | 148,024 | 1,102,779 | |
Teledyne Technologies, Inc. (a) | 97,975 | 7,209,001 | |
TransDigm Group, Inc. | 113,937 | 16,217,793 | |
Triumph Group, Inc. | 125,378 | 9,203,999 | |
| 116,656,499 | ||
Air Freight & Logistics - 0.2% | |||
Air Transport Services Group, Inc. (a) | 147,619 | 814,857 | |
Atlas Air Worldwide Holdings, Inc. (a) | 67,651 | 3,192,451 | |
Echo Global Logistics, Inc. (a) | 37,459 | 698,610 | |
Forward Air Corp. | 75,798 | 2,859,101 | |
Hub Group, Inc. Class A (a) | 88,813 | 3,350,914 | |
Pacer International, Inc. (a)(d) | 104,856 | 435,152 | |
Park-Ohio Holdings Corp. (a) | 19,844 | 403,627 | |
Radiant Logistics, Inc. (a)(d) | 37,185 | 80,320 | |
UTI Worldwide, Inc. | 270,943 | 4,126,462 | |
XPO Logistics, Inc. (a)(d) | 44,583 | 776,636 | |
| 16,738,130 | ||
Airlines - 1.0% | |||
Alaska Air Group, Inc. (a) | 177,402 | 9,145,073 | |
Allegiant Travel Co. | 44,093 | 3,540,227 | |
Delta Air Lines, Inc. (a) | 2,154,418 | 30,743,545 | |
Hawaiian Holdings, Inc. (a) | 198,497 | 1,123,493 | |
JetBlue Airways Corp. (a)(d) | 542,876 | 3,289,829 | |
Republic Airways Holdings, Inc. (a) | 96,210 | 905,336 | |
SkyWest, Inc. | 136,727 | 1,914,178 | |
Spirit Airlines, Inc. (a) | 117,043 | 2,370,121 | |
| |||
Shares | Value | ||
United Continental Holdings, Inc. (a)(d) | 848,247 | $ 22,656,677 | |
US Airways Group, Inc. (a)(d) | 408,105 | 5,480,850 | |
| 81,169,329 | ||
Building Products - 0.9% | |||
A.O. Smith Corp. (d) | 97,665 | 6,985,977 | |
AAON, Inc. | 52,998 | 1,275,132 | |
Ameresco, Inc. Class A (a) | 37,825 | 314,326 | |
American Woodmark Corp. (a) | 23,542 | 755,698 | |
Apogee Enterprises, Inc. | 75,723 | 1,952,896 | |
Armstrong World Industries, Inc. | 55,055 | 2,814,962 | |
Builders FirstSource, Inc. (a)(d) | 140,285 | 848,724 | |
Fortune Brands Home & Security, Inc. (a) | 411,448 | 14,215,528 | |
Gibraltar Industries, Inc. (a) | 77,978 | 1,337,323 | |
Griffon Corp. | 118,467 | 1,335,123 | |
Insteel Industries, Inc. | 42,106 | 669,064 | |
Lennox International, Inc. | 121,219 | 7,160,406 | |
NCI Building Systems, Inc. (a) | 46,116 | 753,997 | |
Nortek, Inc. (a) | 38,111 | 2,741,705 | |
Owens Corning (a) | 297,245 | 11,536,078 | |
Patrick Industries, Inc. (a) | 26,243 | 347,982 | |
PGT, Inc. (a) | 39,408 | 227,384 | |
Quanex Building Products Corp. | 100,861 | 2,008,143 | |
Simpson Manufacturing Co. Ltd. | 103,993 | 3,026,196 | |
Trex Co., Inc. (a) | 41,611 | 1,965,704 | |
Universal Forest Products, Inc. | 48,657 | 1,974,501 | |
USG Corp. (a)(d) | 227,717 | 6,426,174 | |
| 70,673,023 | ||
Commercial Services & Supplies - 1.6% | |||
A.T. Cross Co. Class A (a) | 14,209 | 173,492 | |
ABM Industries, Inc. | 133,763 | 3,036,420 | |
ACCO Brands Corp. (d) | 281,333 | 2,109,998 | |
Acme United Corp. | 1,357 | 16,963 | |
Acorn Energy, Inc. (d) | 65,930 | 429,204 | |
Amrep Corp. (a) | 2,187 | 19,005 | |
ARC Document Solutions, Inc. (a) | 75,972 | 170,937 | |
Avalon Holdings Corp. Class A (a) | 128 | 516 | |
Casella Waste Systems, Inc. Class A (a) | 82,726 | 387,158 | |
CECO Environmental Corp. | 12,938 | 139,730 | |
Cenveo, Inc. (a)(d) | 149,628 | 314,219 | |
Clean Harbors, Inc. (a)(d) | 133,807 | 6,891,061 | |
Command Security Corp. (a) | 4,127 | 8,254 | |
CompX International, Inc. Class A | 729 | 10,301 | |
Consolidated Graphics, Inc. (a) | 28,556 | 1,102,262 | |
Copart, Inc. (a) | 283,802 | 9,689,000 | |
Corrections Corp. of America | 249,536 | 9,569,706 | |
Courier Corp. | 28,388 | 356,269 | |
Covanta Holding Corp. | 329,974 | 6,454,291 | |
Deluxe Corp. | 131,004 | 5,198,239 | |
Ecology & Environment, Inc. Class A | 5,634 | 71,834 | |
EnergySolutions, Inc. (a) | 216,256 | 804,472 | |
EnerNOC, Inc. (a)(d) | 58,407 | 963,131 | |
Ennis, Inc. | 62,398 | 977,153 | |
Food Technology Service, Inc. (a) | 11,431 | 57,955 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Commercial Services & Supplies - continued | |||
Fuel Tech, Inc. (a) | 72,552 | $ 321,405 | |
G&K Services, Inc. Class A | 46,590 | 1,941,405 | |
Healthcare Services Group, Inc. | 174,544 | 4,206,510 | |
Heritage-Crystal Clean, Inc. (a) | 21,398 | 315,621 | |
Herman Miller, Inc. | 148,937 | 3,574,488 | |
HNI Corp. | 119,118 | 3,759,364 | |
Hudson Technologies, Inc. (a)(d) | 28,458 | 123,792 | |
Humitech International Group, Inc. (a) | 75 | 0 | |
Industrial Services of America, Inc. (a)(d) | 12,843 | 38,529 | |
InnerWorkings, Inc. (a)(d) | 95,061 | 1,404,051 | |
Interface, Inc. | 147,065 | 2,692,760 | |
Intersections, Inc. | 42,827 | 449,255 | |
KAR Auction Services, Inc. | 206,771 | 4,387,681 | |
Kimball International, Inc. Class B (d) | 72,750 | 670,028 | |
Knoll, Inc. | 116,160 | 1,977,043 | |
McGrath RentCorp. | 56,348 | 1,661,703 | |
Metalico, Inc. (a) | 92,179 | 151,174 | |
Mine Safety Appliances Co. | 81,018 | 3,795,693 | |
Mobile Mini, Inc. (a)(d) | 96,079 | 2,586,447 | |
Multi-Color Corp. | 31,465 | 759,250 | |
NL Industries, Inc. | 19,361 | 247,821 | |
Performant Financial Corp. (d) | 28,168 | 373,226 | |
Perma-Fix Environmental Services, Inc. (a) | 121,671 | 110,721 | |
Quad/Graphics, Inc. (d) | 71,598 | 1,557,257 | |
R.R. Donnelley & Sons Co. (d) | 468,813 | 4,894,408 | |
Rollins, Inc. | 179,548 | 4,400,721 | |
Schawk, Inc. Class A | 27,510 | 296,008 | |
Standard Parking Corp. (a) | 32,024 | 664,658 | |
Standard Register Co. | 38,184 | 20,238 | |
Steelcase, Inc. Class A | 202,661 | 2,867,653 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 280,336 | 395,273 | |
Team, Inc. (a) | 47,239 | 2,071,903 | |
Tetra Tech, Inc. (a) | 166,530 | 4,806,056 | |
The Brink's Co. | 122,492 | 3,239,913 | |
TMS International Corp. (a) | 32,866 | 452,893 | |
TRC Companies, Inc. (a) | 38,382 | 247,180 | |
Unifirst Corp. Massachusetts | 36,491 | 3,048,458 | |
United Stationers, Inc. | 100,653 | 3,643,639 | |
US Ecology, Inc. | 55,220 | 1,373,321 | |
Versar, Inc. (a) | 11,390 | 51,483 | |
Viad Corp. | 54,545 | 1,497,806 | |
Virco Manufacturing Co. (a) | 4,818 | 12,575 | |
Waste Connections, Inc. | 314,949 | 10,774,405 | |
| 130,815,385 | ||
Construction & Engineering - 0.8% | |||
AECOM Technology Corp. (a) | 271,572 | 8,231,347 | |
Aegion Corp. (a)(d) | 104,477 | 2,510,582 | |
Argan, Inc. | 22,538 | 377,061 | |
Comfort Systems USA, Inc. | 92,893 | 1,159,305 | |
Dycom Industries, Inc. (a) | 99,803 | 2,090,873 | |
| |||
Shares | Value | ||
EMCOR Group, Inc. | 165,518 | $ 6,384,029 | |
Foster Wheeler AG (a) | 276,637 | 6,655,886 | |
Furmanite Corp. (a) | 78,211 | 466,920 | |
Goldfield Corp. | 60,575 | 226,551 | |
Granite Construction, Inc. | 92,482 | 2,875,265 | |
Great Lakes Dredge & Dock Corp. | 138,854 | 1,353,827 | |
Integrated Electrical Services, Inc. (a) | 10,323 | 59,873 | |
KBR, Inc. | 375,620 | 11,415,092 | |
Layne Christensen Co. (a) | 45,631 | 1,003,426 | |
MasTec, Inc. (a)(d) | 175,283 | 5,274,265 | |
Michael Baker Corp. | 16,454 | 398,845 | |
MYR Group, Inc. (a) | 49,455 | 1,147,851 | |
Northwest Pipe Co. (a) | 22,062 | 526,841 | |
Orion Marine Group, Inc. (a) | 67,799 | 645,446 | |
Pike Electric Corp. | 54,412 | 758,503 | |
Primoris Services Corp. | 107,760 | 2,020,500 | |
Sterling Construction Co., Inc. (a) | 38,185 | 431,491 | |
Tutor Perini Corp. (a) | 94,915 | 1,614,504 | |
UniTek Global Services, Inc. (a) | 33,766 | 118,856 | |
URS Corp. | 194,840 | 8,233,938 | |
Willdan Group, Inc. (a) | 13,349 | 27,766 | |
| 66,008,843 | ||
Electrical Equipment - 1.3% | |||
Active Power, Inc. (a) | 47,662 | 217,815 | |
Acuity Brands, Inc. | 107,141 | 7,299,516 | |
Allied Motion Technologies, Inc. | 14,531 | 101,717 | |
Altair Nanotechnologies, Inc. (a)(d) | 24,072 | 49,588 | |
American Superconductor Corp. (a)(d) | 110,038 | 318,010 | |
AMETEK, Inc. | 618,657 | 25,878,422 | |
AZZ, Inc. | 65,095 | 2,907,143 | |
Babcock & Wilcox Co. | 299,258 | 8,085,951 | |
Belden, Inc. | 114,999 | 5,791,350 | |
Brady Corp. Class A | 110,764 | 3,771,514 | |
Broadwind Energy, Inc. (a) | 35,083 | 118,230 | |
Capstone Turbine Corp. (a)(d) | 859,748 | 833,956 | |
Coleman Cable, Inc. | 32,333 | 320,420 | |
Digital Power Corp. (a) | 4,959 | 3,422 | |
Ecotality, Inc. (a)(d) | 41,249 | 31,349 | |
Encore Wire Corp. | 50,532 | 1,651,891 | |
EnerSys (a) | 130,936 | 5,352,664 | |
Enphase Energy, Inc. (d) | 24,560 | 121,081 | |
Espey Manufacturing & Electronics Corp. | 2,487 | 64,165 | |
Franklin Electric Co., Inc. | 58,175 | 3,785,447 | |
FuelCell Energy, Inc. (a)(d) | 326,527 | 346,119 | |
Generac Holdings, Inc. (d) | 74,996 | 2,583,612 | |
General Cable Corp. (a)(d) | 121,987 | 4,018,252 | |
Global Power Equipment Group, Inc. (d) | 37,928 | 636,432 | |
GrafTech International Ltd. (a)(d) | 333,761 | 2,466,494 | |
Hubbell, Inc. Class B | 133,286 | 12,383,602 | |
II-VI, Inc. (a)(d) | 141,517 | 2,452,490 | |
Lime Energy Co. (a)(d) | 31,271 | 23,766 | |
LSI Industries, Inc. | 51,035 | 351,631 | |
MagneTek, Inc. (a) | 6,645 | 83,063 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Ocean Power Technologies, Inc. (a)(d) | 24,836 | $ 48,927 | |
Orion Energy Systems, Inc. (a) | 65,072 | 182,852 | |
Plug Power, Inc. (a)(d) | 70,828 | 12,041 | |
Polypore International, Inc. (a)(d) | 120,764 | 4,622,846 | |
Powell Industries, Inc. (a)(d) | 28,189 | 1,640,882 | |
PowerSecure International, Inc. (a) | 41,535 | 350,971 | |
Preformed Line Products Co. | 7,217 | 511,108 | |
Regal-Beloit Corp. | 110,846 | 8,566,179 | |
Revolution Lighting Technologies, Inc. (a) | 32,997 | 33,987 | |
SL Industries, Inc. | 9,878 | 187,089 | |
SolarCity Corp. (d) | 32,926 | 596,290 | |
Thermon Group Holdings, Inc. (a)(d) | 42,206 | 865,223 | |
Ultralife Corp. (a) | 43,594 | 165,657 | |
Universal Security Instruments, Inc. (a) | 4,000 | 16,720 | |
Vicor Corp. (a) | 52,357 | 276,445 | |
Zbb Energy Corp. (a)(d) | 174,198 | 54,001 | |
| 110,180,330 | ||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 160,567 | 10,897,682 | |
Raven Industries, Inc. | 95,542 | 2,697,151 | |
Seaboard Corp. | 896 | 2,556,279 | |
| 16,151,112 | ||
Machinery - 3.9% | |||
Accuride Corp. (a) | 109,296 | 442,649 | |
Actuant Corp. Class A (d) | 193,653 | 5,888,988 | |
Adept Technology, Inc. (a) | 2,678 | 7,980 | |
AGCO Corp. | 244,503 | 12,587,014 | |
Alamo Group, Inc. | 22,876 | 818,503 | |
Albany International Corp. Class A | 75,138 | 2,145,941 | |
Altra Holdings, Inc. | 71,338 | 1,836,240 | |
American Railcar Industries, Inc. | 22,404 | 977,711 | |
Ampco-Pittsburgh Corp. (d) | 25,813 | 482,961 | |
Art's-Way Manufacturing Co., Inc. | 9,831 | 66,851 | |
Astec Industries, Inc. | 56,072 | 1,996,724 | |
Barnes Group, Inc. | 118,006 | 3,140,140 | |
Blount International, Inc. (a) | 122,631 | 1,848,049 | |
Briggs & Stratton Corp. | 124,900 | 3,055,054 | |
Cascade Corp. | 25,406 | 1,632,336 | |
Chart Industries, Inc. (a) | 78,179 | 5,672,668 | |
Chicago Rivet & Machine Co. | 772 | 16,529 | |
CIRCOR International, Inc. | 43,123 | 1,797,367 | |
CLARCOR, Inc. | 129,228 | 6,589,336 | |
Colfax Corp. (a)(d) | 167,438 | 7,266,809 | |
Columbus McKinnon Corp. (NY Shares) (a)(d) | 62,931 | 1,234,706 | |
Commercial Vehicle Group, Inc. (a) | 67,579 | 533,874 | |
Crane Co. | 119,466 | 6,424,881 | |
Donaldson Co., Inc. | 347,229 | 12,510,661 | |
Douglas Dynamics, Inc. | 51,117 | 726,884 | |
Dynamic Materials Corp. | 39,486 | 667,313 | |
| |||
Shares | Value | ||
Eastern Co. | 11,293 | $ 187,803 | |
Energy Recovery, Inc. (a) | 100,626 | 495,080 | |
EnPro Industries, Inc. (a)(d) | 60,790 | 2,828,559 | |
ESCO Technologies, Inc. | 69,853 | 2,833,238 | |
ExOne Co. (d) | 13,500 | 367,065 | |
Federal Signal Corp. (a) | 176,519 | 1,376,848 | |
Flow International Corp. (a) | 102,629 | 380,754 | |
FreightCar America, Inc. | 47,091 | 990,324 | |
Gardner Denver, Inc. | 128,070 | 9,091,689 | |
Gorman-Rupp Co. | 40,313 | 1,162,627 | |
Graco, Inc. | 150,898 | 8,767,174 | |
Graham Corp. | 27,199 | 633,465 | |
Greenbrier Companies, Inc. (a)(d) | 60,820 | 1,231,605 | |
Hardinge, Inc. | 25,807 | 337,556 | |
Harsco Corp. | 199,789 | 4,790,940 | |
Hurco Companies, Inc. (a) | 14,365 | 403,944 | |
Hyster-Yale Materials Handling Class A | 24,122 | 1,235,770 | |
IDEX Corp. (d) | 207,153 | 10,550,302 | |
ITT Corp. | 227,680 | 5,994,814 | |
John Bean Technologies Corp. | 65,566 | 1,208,381 | |
Kadant, Inc. | 25,872 | 635,158 | |
Kaydon Corp. | 86,633 | 2,166,691 | |
Kennametal, Inc. | 201,189 | 8,144,131 | |
Key Technology, Inc. (a) | 12,346 | 151,856 | |
L.B. Foster Co. Class A | 22,446 | 991,215 | |
Lincoln Electric Holdings, Inc. | 211,800 | 11,871,390 | |
Lindsay Corp. (d) | 33,391 | 2,853,261 | |
Lydall, Inc. (a) | 38,154 | 574,599 | |
Manitex International, Inc. (a) | 28,579 | 273,787 | |
Manitowoc Co., Inc. | 333,099 | 6,168,993 | |
Meritor, Inc. (a)(d) | 237,010 | 1,042,844 | |
Met-Pro Corp. | 50,167 | 494,647 | |
MFRI, Inc. (a) | 13,428 | 98,696 | |
Middleby Corp. (a)(d) | 48,323 | 7,215,107 | |
Miller Industries, Inc. | 29,446 | 468,780 | |
Mueller Industries, Inc. | 72,087 | 3,833,587 | |
Mueller Water Products, Inc. Class A | 422,513 | 2,374,523 | |
Navistar International Corp. (a)(d) | 201,765 | 5,009,825 | |
NN, Inc. (a)(d) | 36,484 | 315,951 | |
Nordson Corp. | 145,604 | 9,231,294 | |
Omega Flex, Inc. | 5,411 | 75,375 | |
Oshkosh Truck Corp. (a) | 232,350 | 8,959,416 | |
PMFG, Inc. (a) | 42,899 | 290,426 | |
Proto Labs, Inc. | 23,157 | 1,076,569 | |
RBC Bearings, Inc. (a)(d) | 57,106 | 2,846,163 | |
Rexnord Corp. | 69,892 | 1,423,700 | |
Sauer-Danfoss, Inc. | 30,572 | 1,654,557 | |
SPX Corp. | 128,848 | 10,373,552 | |
Standex International Corp. | 30,898 | 1,662,930 | |
Sun Hydraulics Corp. | 65,494 | 1,826,628 | |
Taylor Devices, Inc. (a) | 3,820 | 33,616 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 42,740 | 387,224 | |
Tennant Co. | 48,857 | 2,280,156 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Terex Corp. (a)(d) | 281,812 | $ 9,246,252 | |
The L.S. Starrett Co. Class A | 14,574 | 159,877 | |
Timken Co. | 200,975 | 10,916,962 | |
Titan International, Inc. (d) | 124,067 | 2,619,054 | |
Toro Co. | 154,434 | 6,964,973 | |
TriMas Corp. (a) | 86,923 | 2,493,821 | |
Trinity Industries, Inc. | 196,546 | 8,498,649 | |
Twin Disc, Inc. (d) | 18,379 | 439,258 | |
Valmont Industries, Inc. | 58,823 | 9,267,564 | |
Wabash National Corp. (a)(d) | 208,685 | 1,990,855 | |
WABCO Holdings, Inc. (a) | 159,774 | 10,979,669 | |
Wabtec Corp. | 120,765 | 11,809,609 | |
Watts Water Technologies, Inc. Class A | 71,561 | 3,359,073 | |
Woodward, Inc. | 157,581 | 5,898,257 | |
WSI Industries, Inc. | 5,668 | 38,769 | |
| 316,725,396 | ||
Marine - 0.2% | |||
Baltic Trading Ltd. | 60,265 | 221,775 | |
Eagle Bulk Shipping, Inc. (a)(d) | 42,249 | 81,963 | |
Genco Shipping & Trading Ltd. (a)(d) | 81,839 | 210,326 | |
International Shipholding Corp. | 22,466 | 411,352 | |
Kirby Corp. (a)(d) | 140,406 | 10,668,048 | |
Matson, Inc. | 108,614 | 2,792,466 | |
Rand Logistics, Inc. (a)(d) | 27,482 | 156,647 | |
| 14,542,577 | ||
Professional Services - 1.4% | |||
Acacia Research Corp. (a) | 126,439 | 3,535,234 | |
Advisory Board Co. (a) | 89,552 | 4,550,137 | |
Barrett Business Services, Inc. | 16,947 | 740,245 | |
CBIZ, Inc. (a)(d) | 118,229 | 751,936 | |
CDI Corp. | 25,347 | 417,212 | |
Corporate Executive Board Co. | 85,868 | 4,648,894 | |
CRA International, Inc. (a) | 23,173 | 512,355 | |
CTPartners Executive Search, Inc. (a) | 10,063 | 37,736 | |
DLH Holdings Corp. (a) | 2,300 | 2,530 | |
Dolan Co. (a) | 73,005 | 212,445 | |
Exponent, Inc. | 32,601 | 1,638,852 | |
Franklin Covey Co. (a) | 35,617 | 492,227 | |
FTI Consulting, Inc. (a) | 106,450 | 3,698,073 | |
GP Strategies Corp. (a) | 42,212 | 911,357 | |
Heidrick & Struggles International, Inc. | 40,267 | 547,631 | |
Hill International, Inc. (a) | 70,728 | 241,182 | |
Hudson Global, Inc. (a) | 67,394 | 248,010 | |
Huron Consulting Group, Inc. (a) | 58,019 | 2,273,765 | |
ICF International, Inc. (a) | 49,938 | 1,235,466 | |
IHS, Inc. Class A (a) | 133,202 | 14,152,713 | |
Innovaro, Inc. (a)(d) | 10,333 | 1,808 | |
Insperity, Inc. | 58,666 | 1,663,181 | |
Kelly Services, Inc. Class A (non-vtg.) | 67,625 | 1,194,258 | |
Kforce, Inc. | 104,013 | 1,512,349 | |
| |||
Shares | Value | ||
Korn/Ferry International (a) | 120,823 | $ 2,236,434 | |
Lightbridge Corp. (a) | 24,428 | 52,520 | |
Luna Innovations, Inc. (a) | 26,569 | 31,086 | |
Manpower, Inc. | 200,859 | 10,966,901 | |
Mastech Holdings, Inc. | 2,512 | 18,815 | |
MISTRAS Group, Inc. (a) | 39,766 | 813,215 | |
National Technical Systems, Inc. (a) | 1,200 | 9,576 | |
Navigant Consulting, Inc. (a) | 130,349 | 1,659,343 | |
Nielsen Holdings B.V. | 417,729 | 14,073,290 | |
Odyssey Marine Exploration, Inc. (a)(d) | 151,557 | 530,450 | |
On Assignment, Inc. (a)(d) | 113,398 | 2,478,880 | |
Pendrell Corp. (a)(d) | 419,705 | 600,178 | |
RCM Technologies, Inc. | 26,829 | 151,852 | |
Resources Connection, Inc. | 100,946 | 1,232,551 | |
RPX Corp. (a) | 57,399 | 680,178 | |
Spherix, Inc. (a) | 26 | 301 | |
Towers Watson & Co. | 146,014 | 9,720,152 | |
TrueBlue, Inc. (a) | 98,909 | 1,917,846 | |
Verisk Analytics, Inc. (a) | 371,249 | 21,725,491 | |
VSE Corp. | 9,167 | 210,016 | |
WageWorks, Inc. (a) | 22,582 | 533,161 | |
| 114,861,832 | ||
Road & Rail - 1.4% | |||
AMERCO | 19,305 | 2,909,457 | |
Arkansas Best Corp. | 60,483 | 697,974 | |
Avis Budget Group, Inc. (a)(d) | 261,009 | 6,099,780 | |
Celadon Group, Inc. | 66,150 | 1,318,370 | |
Con-way, Inc. | 138,902 | 4,882,405 | |
Covenant Transport Group, Inc. Class A (a) | 20,231 | 120,374 | |
Frozen Food Express Industries, Inc. (a) | 33,709 | 57,305 | |
Genesee & Wyoming, Inc. Class A (a) | 108,963 | 9,754,368 | |
Heartland Express, Inc. (d) | 171,278 | 2,324,242 | |
Hertz Global Holdings, Inc. (a)(d) | 760,586 | 15,173,691 | |
J.B. Hunt Transport Services, Inc. (d) | 230,907 | 16,052,655 | |
Kansas City Southern | 278,771 | 28,705,050 | |
Knight Transportation, Inc. | 147,277 | 2,306,358 | |
Landstar System, Inc. | 116,498 | 6,557,672 | |
Marten Transport Ltd. | 61,356 | 1,270,069 | |
Old Dominion Freight Lines, Inc. (a) | 186,709 | 6,712,189 | |
P.A.M. Transportation Services, Inc. | 12,026 | 123,387 | |
Patriot Transportation Holding, Inc. (a) | 15,144 | 411,614 | |
Quality Distribution, Inc. (a) | 56,949 | 449,328 | |
Roadrunner Transportation Systems, Inc. (a) | 39,403 | 897,600 | |
Saia, Inc. (a) | 38,313 | 1,230,997 | |
Swift Transporation Co. (a) | 209,816 | 2,838,810 | |
Universal Truckload Services, Inc. | 18,107 | 330,272 | |
USA Truck, Inc. (a) | 17,441 | 86,159 | |
Werner Enterprises, Inc. | 113,761 | 2,618,778 | |
YRC Worldwide, Inc. (a)(d) | 32,458 | 198,968 | |
Zipcar, Inc. (a) | 65,085 | 795,990 | |
| 114,923,862 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Trading Companies & Distributors - 1.0% | |||
Aceto Corp. | 75,715 | $ 788,193 | |
AeroCentury Corp. (a) | 740 | 11,840 | |
Air Lease Corp. Class A (d) | 173,320 | 4,709,104 | |
Aircastle Ltd. | 140,239 | 1,889,019 | |
Applied Industrial Technologies, Inc. | 104,833 | 4,550,801 | |
Beacon Roofing Supply, Inc. (a)(d) | 118,502 | 4,372,724 | |
BlueLinx Corp. (a)(d) | 34,870 | 101,820 | |
BlueLinx Corp. rights (a) | 34,870 | 14,626 | |
CAI International, Inc. (a) | 38,758 | 1,069,721 | |
DXP Enterprises, Inc. (a) | 33,811 | 2,103,044 | |
Edgen Group, Inc. Class A | 69,427 | 556,805 | |
Erickson Air-Crane, Inc. | 9,487 | 126,367 | |
Essex Rental Corp. (a)(d) | 27,827 | 112,978 | |
GATX Corp. | 116,755 | 5,820,237 | |
H&E Equipment Services, Inc. (d) | 78,968 | 1,536,717 | |
Houston Wire & Cable Co. | 39,527 | 460,094 | |
Kaman Corp. | 68,438 | 2,388,486 | |
Lawson Products, Inc. | 23,255 | 331,151 | |
MRC Global, Inc. | 57,366 | 1,762,284 | |
MSC Industrial Direct Co., Inc. Class A | 117,551 | 10,029,451 | |
Rush Enterprises, Inc. Class A (a)(d) | 86,575 | 2,121,088 | |
TAL International Group, Inc. | 78,794 | 3,392,082 | |
Textainer Group Holdings Ltd. | 56,757 | 2,295,253 | |
Titan Machinery, Inc. (a)(d) | 43,138 | 1,218,649 | |
Transcat, Inc. (a) | 4,695 | 29,860 | |
United Rentals, Inc. (a)(d) | 233,599 | 12,476,523 | |
Watsco, Inc. | 76,098 | 5,925,751 | |
WESCO International, Inc. (a)(d) | 111,012 | 8,203,787 | |
Willis Lease Finance Corp. (a) | 19,324 | 290,053 | |
| 78,688,508 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 59,559 | 810,002 | |
TOTAL INDUSTRIALS | 1,248,944,828 | ||
INFORMATION TECHNOLOGY - 14.8% | |||
Communications Equipment - 1.2% | |||
Acme Packet, Inc. (a)(d) | 146,106 | 4,263,373 | |
ADTRAN, Inc. (d) | 161,172 | 3,600,582 | |
Alliance Fiber Optic Products, Inc. | 9,905 | 109,747 | |
Ambient Corp. (a)(d) | 4,086 | 11,032 | |
American Electric Technologies, Inc. (a) | 1,200 | 5,988 | |
Anaren, Inc. (a) | 53,781 | 1,040,662 | |
Arris Group, Inc. (a)(d) | 275,521 | 4,780,289 | |
Aruba Networks, Inc. (a)(d) | 276,504 | 6,890,480 | |
Aviat Networks, Inc. (a) | 141,125 | 502,405 | |
Aware, Inc. | 7,727 | 38,635 | |
Bel Fuse, Inc. Class B (non-vtg.) | 23,302 | 388,211 | |
Black Box Corp. | 57,867 | 1,403,853 | |
| |||
Shares | Value | ||
Brocade Communications Systems, Inc. (a) | 1,157,149 | $ 6,491,606 | |
CalAmp Corp. (a) | 65,195 | 713,885 | |
Calix Networks, Inc. (a)(d) | 75,213 | 644,575 | |
Ciena Corp. (a)(d) | 247,836 | 3,777,021 | |
Clearfield, Inc. (a) | 20,779 | 114,908 | |
ClearOne, Inc. (a) | 5,738 | 37,240 | |
Communications Systems, Inc. | 7,926 | 84,808 | |
Comtech Telecommunications Corp. | 62,000 | 1,660,360 | |
Dialogic, Inc. (a) | 8,251 | 17,080 | |
Digi International, Inc. (a) | 59,093 | 582,657 | |
EchoStar Holding Corp. Class A (a) | 114,498 | 4,332,604 | |
EMCORE Corp. (a)(d) | 83,286 | 485,557 | |
Emulex Corp. (a) | 242,671 | 1,565,228 | |
Entrada Networks, Inc. (a) | 292 | 0 | |
Extreme Networks, Inc. (a) | 291,313 | 1,019,596 | |
Finisar Corp. (a)(d) | 234,487 | 3,435,235 | |
Globecomm Systems, Inc. (a)(d) | 50,981 | 618,909 | |
Harmonic, Inc. (a) | 368,487 | 2,096,691 | |
Infinera Corp. (a)(d) | 276,140 | 1,792,149 | |
InterDigital, Inc. | 107,858 | 4,788,895 | |
Ixia (a)(d) | 132,326 | 2,683,571 | |
KVH Industries, Inc. (a)(d) | 38,479 | 512,540 | |
Lantronix, Inc. (a) | 2,994 | 5,898 | |
Loral Space & Communications Ltd. | 31,853 | 1,855,119 | |
Meru Networks, Inc. (a)(d) | 34,816 | 155,628 | |
NETGEAR, Inc. (a) | 98,312 | 3,347,524 | |
NumereX Corp. Class A (a) | 22,215 | 273,022 | |
Oclaro, Inc. (a)(d) | 193,484 | 257,334 | |
Oplink Communications, Inc. (a) | 41,842 | 642,693 | |
Optical Cable Corp. | 11,466 | 46,323 | |
Palo Alto Networks, Inc. (d) | 84,383 | 5,158,333 | |
Parkervision, Inc. (a)(d) | 198,476 | 791,919 | |
PC-Tel, Inc. | 41,380 | 286,350 | |
Performance Technologies, Inc. (a) | 4,304 | 4,007 | |
Plantronics, Inc. | 110,217 | 4,448,358 | |
Polycom, Inc. (a) | 433,677 | 3,950,797 | |
Procera Networks, Inc. (a) | 56,021 | 655,446 | |
Relm Wireless Corp. (a) | 22,872 | 49,632 | |
Riverbed Technology, Inc. (a) | 405,439 | 6,195,108 | |
Ruckus Wireless, Inc. (d) | 20,502 | 437,923 | |
ShoreTel, Inc. (a)(d) | 146,587 | 595,143 | |
Sonus Networks, Inc. (a) | 711,127 | 1,742,261 | |
Sycamore Networks, Inc. (d) | 78,342 | 178,620 | |
Symmetricom, Inc. (a) | 84,462 | 417,242 | |
Technical Communications Corp. | 2,835 | 11,822 | |
Tellabs, Inc. | 876,094 | 1,778,471 | |
Telular Corp. | 34,165 | 340,283 | |
Tessco Technologies, Inc. | 20,333 | 462,982 | |
Ubiquiti Networks, Inc. (d) | 28,412 | 391,233 | |
ViaSat, Inc. (a)(d) | 102,613 | 4,818,706 | |
Westell Technologies, Inc. Class A (a) | 132,720 | 241,550 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Zhone Technologies, Inc. (a) | 52,950 | $ 47,126 | |
Zoom Technologies, Inc. (a)(d) | 47,286 | 34,046 | |
| 100,111,271 | ||
Computers & Peripherals - 0.6% | |||
3D Systems Corp. (a)(d) | 188,076 | 6,951,289 | |
Avid Technology, Inc. (a)(d) | 74,098 | 513,499 | |
Concurrent Computer Corp. | 10,743 | 75,094 | |
Cray, Inc. (a) | 92,594 | 1,791,694 | |
Crossroads Systems, Inc. (a) | 24,612 | 39,379 | |
Datalink Corp. (a) | 37,984 | 394,274 | |
Dataram Corp. (a) | 23,649 | 8,041 | |
Diebold, Inc. | 165,548 | 4,675,076 | |
Dot Hill Systems Corp. (a) | 105,073 | 136,595 | |
Electronics for Imaging, Inc. (a) | 119,049 | 2,745,270 | |
Fusion-io, Inc. (a)(d) | 178,187 | 3,007,797 | |
Hauppauge Digital, Inc. (a) | 28,370 | 23,547 | |
Hutchinson Technology, Inc. (a)(d) | 81,684 | 231,166 | |
iGO, Inc. (a) | 5,749 | 18,109 | |
Imation Corp. (a) | 76,999 | 262,567 | |
Immersion Corp. (a)(d) | 76,301 | 510,454 | |
Intermec, Inc. (a) | 138,904 | 1,375,150 | |
Interphase Corp. (a) | 11,825 | 25,897 | |
Intevac, Inc. (a) | 55,110 | 263,426 | |
Lexmark International, Inc. Class A | 163,360 | 3,597,187 | |
NCR Corp. (a) | 402,068 | 11,089,035 | |
Novatel Wireless, Inc. (a) | 94,259 | 204,542 | |
OCZ Technology Group, Inc. (a)(d) | 152,118 | 263,164 | |
Overland Storage, Inc. (a) | 57,061 | 63,908 | |
QLogic Corp. (a) | 236,741 | 2,694,113 | |
Quantum Corp. (a)(d) | 702,910 | 885,667 | |
Rimage Corp. | 32,359 | 220,688 | |
Silicon Graphics International Corp. (a)(d) | 85,074 | 1,280,364 | |
STEC, Inc. (a) | 87,553 | 422,005 | |
Super Micro Computer, Inc. (a)(d) | 69,717 | 815,689 | |
Synaptics, Inc. (a)(d) | 84,688 | 2,943,755 | |
Transact Technologies, Inc. | 18,832 | 148,773 | |
USA Technologies, Inc. (a)(d) | 79,221 | 194,091 | |
Xplore Technologies Corp. (a) | 5,105 | 18,582 | |
| 47,889,887 | ||
Electronic Equipment & Components - 2.0% | |||
ADDvantage Technologies Group, Inc. (a) | 11,928 | 26,838 | |
Advanced Photonix, Inc. Class A (a) | 41,087 | 16,846 | |
Aeroflex Holding Corp. (a) | 62,535 | 578,449 | |
Agilysys, Inc. (a) | 46,798 | 431,010 | |
Anixter International, Inc. | 63,144 | 4,351,884 | |
Arrow Electronics, Inc. (a) | 268,414 | 10,776,822 | |
Audience, Inc. | 22,271 | 303,776 | |
Avnet, Inc. (a) | 347,141 | 12,257,549 | |
AVX Corp. | 155,839 | 1,835,783 | |
| |||
Shares | Value | ||
Badger Meter, Inc. | 45,332 | $ 2,301,052 | |
Benchmark Electronics, Inc. (a) | 158,358 | 2,758,596 | |
Checkpoint Systems, Inc. (a)(d) | 94,410 | 1,119,703 | |
ClearSign Combustion Corp. (a) | 6,607 | 33,630 | |
Cognex Corp. | 105,565 | 4,348,222 | |
Coherent, Inc. | 59,994 | 3,465,253 | |
CTS Corp. | 70,681 | 692,674 | |
CUI Global, Inc. (a) | 116 | 636 | |
Daktronics, Inc. | 90,602 | 925,046 | |
Digital Ally, Inc. (a) | 4,790 | 19,687 | |
Document Security Systems, Inc. (a)(d) | 42,498 | 95,621 | |
Dolby Laboratories, Inc. Class A (d) | 120,829 | 3,852,029 | |
DTS, Inc. (a)(d) | 52,729 | 1,049,307 | |
Dynasil Corp. of America (a) | 9,408 | 8,279 | |
Echelon Corp. (a) | 68,729 | 180,757 | |
Electro Rent Corp. | 46,174 | 747,095 | |
Electro Scientific Industries, Inc. | 54,174 | 596,456 | |
eMagin Corp. | 60,537 | 192,508 | |
Fabrinet (a) | 61,256 | 1,005,211 | |
FARO Technologies, Inc. (a)(d) | 49,501 | 2,096,367 | |
FEI Co. | 98,125 | 6,215,238 | |
Frequency Electronics, Inc. | 13,041 | 132,888 | |
Giga-Tronics, Inc. (a) | 4,585 | 7,474 | |
I. D. Systems Inc. (a) | 33,896 | 213,884 | |
Identive Group, Inc. (a)(d) | 118,347 | 171,603 | |
IEC Electronics Corp. (a) | 18,101 | 110,778 | |
Image Sensing Systems, Inc. (a) | 2,863 | 15,374 | |
Ingram Micro, Inc. Class A (a) | 374,327 | 7,059,807 | |
Insight Enterprises, Inc. (a) | 117,199 | 2,252,565 | |
Intelli-Check, Inc. (a)(d) | 25,728 | 20,582 | |
IntriCon Corp. (a) | 1,667 | 7,802 | |
InvenSense, Inc. (a)(d) | 87,954 | 1,057,207 | |
IPG Photonics Corp. (d) | 75,217 | 4,459,616 | |
Iteris, Inc. (a) | 52,448 | 91,784 | |
Itron, Inc. (a) | 100,179 | 4,214,531 | |
KEMET Corp. (a) | 129,653 | 838,855 | |
KEY Tronic Corp. (a) | 21,607 | 229,682 | |
LGL Group, Inc. (a) | 3,009 | 16,128 | |
LightPath Technologies, Inc. Class A (a) | 1,150 | 934 | |
Littelfuse, Inc. | 54,992 | 3,638,821 | |
LoJack Corp. (a) | 47,516 | 142,548 | |
LRAD Corp. (a) | 62,271 | 72,234 | |
Maxwell Technologies, Inc. (a)(d) | 78,927 | 690,611 | |
Measurement Specialties, Inc. (a)(d) | 38,164 | 1,386,116 | |
Mercury Systems, Inc. (a)(d) | 74,095 | 507,551 | |
Mesa Laboratories, Inc. | 5,851 | 310,454 | |
Methode Electronics, Inc. Class A | 85,089 | 1,115,517 | |
MicroVision, Inc. (a)(d) | 38,532 | 65,890 | |
MOCON, Inc. | 7,499 | 107,761 | |
MTS Systems Corp. | 39,155 | 2,114,370 | |
Multi-Fineline Electronix, Inc. (a) | 21,997 | 336,114 | |
Napco Security Technolgies, Inc. (a) | 17,472 | 65,869 | |
National Instruments Corp. | 241,839 | 7,274,517 | |
Neonode, Inc. (a)(d) | 53,267 | 283,913 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
NetList, Inc. (a)(d) | 52,442 | $ 40,905 | |
Newport Corp. (a) | 100,909 | 1,649,862 | |
OSI Systems, Inc. (a) | 47,544 | 2,739,961 | |
Par Technology Corp. (a) | 27,309 | 125,075 | |
Parametric Sound Corp. (a)(d) | 4,660 | 54,941 | |
Park Electrochemical Corp. | 43,720 | 1,106,116 | |
PC Connection, Inc. | 44,665 | 640,496 | |
PC Mall, Inc. (a) | 19,862 | 141,020 | |
Perceptron, Inc. | 25,360 | 156,725 | |
Planar Systems, Inc. (a) | 44,256 | 85,414 | |
Plexus Corp. (a) | 91,021 | 2,217,272 | |
Power-One, Inc. (a)(d) | 309,551 | 1,318,687 | |
Pulse Electronics Corp. (a) | 91,084 | 35,341 | |
RadiSys Corp. (a) | 64,186 | 268,939 | |
RealD, Inc. (a)(d) | 124,761 | 1,452,218 | |
Research Frontiers, Inc. (a)(d) | 45,641 | 149,702 | |
RF Industries Ltd. | 13,982 | 80,397 | |
Richardson Electronics Ltd. | 36,856 | 440,798 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 70,385 | 1,870,129 | |
Rogers Corp. (a) | 40,714 | 1,942,465 | |
Sanmina Corp. (a) | 230,139 | 2,356,623 | |
ScanSource, Inc. (a) | 72,619 | 2,179,296 | |
Sigmatron International, Inc. (a) | 762 | 4,496 | |
Superconductor Technologies, Inc. (a)(d) | 141,606 | 27,627 | |
SYNNEX Corp. (a)(d) | 61,037 | 2,327,341 | |
Tech Data Corp. (a) | 104,357 | 5,537,182 | |
Trimble Navigation Ltd. (a) | 319,749 | 19,002,683 | |
TTM Technologies, Inc. (a) | 122,204 | 1,002,073 | |
Uni-Pixel, Inc. (a)(d) | 21,829 | 515,164 | |
Universal Display Corp. (a)(d) | 104,153 | 3,268,321 | |
Viasystems Group, Inc. (a) | 12,420 | 176,116 | |
Vishay Intertechnology, Inc. (a)(d) | 363,544 | 4,795,145 | |
Vishay Precision Group, Inc. (a) | 27,407 | 385,068 | |
Wayside Technology Group, Inc. | 460 | 5,874 | |
Wireless Ronin Technologies, Inc. (a) | 11,934 | 51,078 | |
Wireless Telecom Group, Inc. (a) | 11,376 | 15,130 | |
Zygo Corp. (a) | 43,493 | 622,820 | |
| 160,084,604 | ||
Internet Software & Services - 2.4% | |||
Active Network, Inc. (a)(d) | 102,886 | 482,535 | |
Angie's List, Inc. (a)(d) | 85,462 | 1,457,982 | |
AOL, Inc. (d) | 213,767 | 7,888,002 | |
Autobytel, Inc. (a) | 18,975 | 86,526 | |
Bankrate, Inc. (a)(d) | 106,485 | 1,197,956 | |
Bazaarvoice, Inc. (d) | 84,138 | 588,966 | |
Blucora, Inc. (a) | 102,827 | 1,593,819 | |
Bridgeline Digital, Inc. (a)(d) | 24,241 | 34,422 | |
Brightcove, Inc. (d) | 28,586 | 180,092 | |
BroadVision, Inc. (a)(d) | 7,417 | 60,597 | |
Carbonite, Inc. (a)(d) | 42,143 | 413,844 | |
comScore, Inc. (a)(d) | 102,141 | 1,628,128 | |
| |||
Shares | Value | ||
Constant Contact, Inc. (a)(d) | 78,162 | $ 1,104,429 | |
Cornerstone OnDemand, Inc. (a) | 79,215 | 2,682,220 | |
CoStar Group, Inc. (a)(d) | 70,366 | 7,088,671 | |
Crexendo, Inc. | 12,555 | 33,899 | |
DealerTrack Holdings, Inc. (a) | 114,747 | 3,383,889 | |
Demand Media, Inc. (a)(d) | 91,995 | 745,160 | |
Demandware, Inc. (d) | 19,741 | 522,149 | |
Dice Holdings, Inc. (a)(d) | 127,377 | 1,227,914 | |
Digital River, Inc. (a) | 90,961 | 1,295,285 | |
E2open, Inc. (d) | 11,778 | 232,733 | |
EarthLink, Inc. | 265,160 | 1,540,580 | |
eGain Communications Corp. (a) | 32,997 | 263,646 | |
Equinix, Inc. (a)(d) | 123,996 | 26,231,354 | |
ExactTarget, Inc. | 58,790 | 1,311,017 | |
Facebook, Inc. Class A | 1,400,725 | 38,169,756 | |
FriendFinder Networks, Inc. (a)(d) | 90,515 | 56,907 | |
GlowPoint, Inc. (a) | 51,449 | 82,318 | |
IAC/InterActiveCorp | 208,895 | 8,512,471 | |
Internap Network Services Corp. (a)(d) | 129,788 | 1,126,560 | |
Internet Media Services, Inc. (a) | 7,375 | 148 | |
Internet Patents Corp. | 283 | 1,090 | |
IntraLinks Holdings, Inc. (a) | 118,223 | 695,151 | |
Inuvo, Inc. (a) | 37,507 | 26,292 | |
iPass, Inc. (a) | 114,238 | 229,618 | |
j2 Global, Inc. | 119,133 | 4,250,665 | |
Keynote Systems, Inc. | 36,547 | 558,438 | |
Limelight Networks, Inc. (a)(d) | 135,298 | 286,832 | |
LinkedIn Corp. (a) | 171,873 | 28,905,601 | |
Liquidity Services, Inc. (a)(d) | 60,291 | 2,052,909 | |
LivePerson, Inc. (a)(d) | 124,882 | 1,807,043 | |
Local Corp. (a)(d) | 49,826 | 83,209 | |
LogMeIn, Inc. (a)(d) | 55,363 | 988,783 | |
LookSmart Ltd. (a) | 44,306 | 37,261 | |
Marchex, Inc. Class B (d) | 52,192 | 197,286 | |
Market Leader, Inc. (a) | 52,432 | 390,094 | |
MeetMe, Inc. (a)(d) | 65,453 | 168,214 | |
Millennial Media, Inc. | 34,351 | 321,869 | |
Monster Worldwide, Inc. (a)(d) | 297,066 | 1,520,978 | |
Move, Inc. (a) | 106,256 | 1,037,059 | |
NIC, Inc. (d) | 152,343 | 2,699,518 | |
Onvia.com, Inc. (a) | 2,326 | 8,676 | |
OpenTable, Inc. (a)(d) | 57,795 | 3,213,402 | |
Perficient, Inc. (a) | 85,096 | 985,412 | |
QuinStreet, Inc. (a)(d) | 73,086 | 418,783 | |
Rackspace Hosting, Inc. (a) | 277,030 | 15,474,896 | |
RealNetworks, Inc. (a) | 63,414 | 461,020 | |
Reis, Inc. (a) | 17,421 | 265,670 | |
Responsys, Inc. (a) | 76,743 | 619,316 | |
Saba Software, Inc. (a) | 73,699 | 644,129 | |
SciQuest, Inc. (a) | 44,604 | 854,167 | |
Selectica, Inc. (a) | 2,268 | 23,655 | |
Spark Networks, Inc. (a)(d) | 9,898 | 71,464 | |
SPS Commerce, Inc. (a) | 34,967 | 1,307,416 | |
Stamps.com, Inc. (a) | 52,541 | 1,281,475 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Support.com, Inc. (a) | 144,855 | $ 564,935 | |
Synacor, Inc. (d) | 22,818 | 75,071 | |
TechTarget, Inc. (a) | 30,780 | 149,591 | |
TheStreet.com, Inc. | 58,323 | 107,898 | |
Travelzoo, Inc. (a)(d) | 22,916 | 482,840 | |
Trulia, Inc. (d) | 14,706 | 350,591 | |
United Online, Inc. | 227,052 | 1,339,607 | |
Unwired Planet, Inc. (a)(d) | 210,780 | 423,668 | |
ValueClick, Inc. (a)(d) | 186,200 | 4,965,954 | |
Vocus, Inc. (a)(d) | 57,794 | 811,428 | |
Web.com Group, Inc. (a)(d) | 85,039 | 1,452,466 | |
WebMD Health Corp. (a) | 125,513 | 2,773,837 | |
WebMediaBrands, Inc. (a) | 5,114 | 8,285 | |
World Energy Solutions, Inc. (a) | 2,295 | 8,423 | |
XO Group, Inc. (a)(d) | 65,794 | 602,015 | |
Yelp, Inc. (d) | 41,494 | 920,752 | |
Zix Corp. (a) | 168,463 | 633,421 | |
| 198,782,148 | ||
IT Services - 2.1% | |||
Acxiom Corp. (a) | 190,484 | 3,468,714 | |
Alliance Data Systems Corp. (a)(d) | 124,842 | 19,811,177 | |
Analysts International Corp. (a) | 4,541 | 16,665 | |
Booz Allen Hamilton Holding Corp. Class A (d) | 105,968 | 1,356,390 | |
Broadridge Financial Solutions, Inc. | 303,552 | 6,966,518 | |
CACI International, Inc. Class A (a)(d) | 63,775 | 3,236,581 | |
Cardtronics, Inc. (a) | 115,286 | 3,038,939 | |
Cass Information Systems, Inc. | 23,141 | 989,278 | |
Ciber, Inc. (a) | 139,655 | 621,465 | |
Computer Task Group, Inc. (d) | 35,213 | 700,739 | |
Convergys Corp. (d) | 288,092 | 4,779,446 | |
CoreLogic, Inc. (a) | 261,395 | 6,772,744 | |
CSG Systems International, Inc. (a)(d) | 89,895 | 1,744,862 | |
CSP, Inc. | 3,555 | 24,174 | |
DST Systems, Inc. | 76,200 | 5,175,504 | |
Dynamics Research Corp. (a) | 25,485 | 150,616 | |
Edgewater Technology, Inc. (a) | 11,761 | 45,986 | |
EPAM Systems, Inc. | 33,126 | 694,983 | |
Euronet Worldwide, Inc. (a)(d) | 123,144 | 2,972,696 | |
ExlService Holdings, Inc. (a) | 67,087 | 2,030,723 | |
FleetCor Technologies, Inc. (a) | 105,409 | 7,358,602 | |
Forrester Research, Inc. | 32,652 | 896,624 | |
Gartner, Inc. Class A (a)(d) | 238,446 | 11,865,073 | |
Genpact Ltd. | 340,401 | 5,994,462 | |
Global Cash Access Holdings, Inc. (a) | 167,540 | 1,189,534 | |
Global Payments, Inc. | 201,841 | 9,730,755 | |
Hackett Group, Inc. | 102,623 | 475,144 | |
Heartland Payment Systems, Inc. | 94,656 | 2,943,802 | |
Higher One Holdings, Inc. (a)(d) | 83,069 | 742,637 | |
iGate Corp. (a) | 77,401 | 1,479,133 | |
Information Services Group, Inc. (a) | 46,725 | 62,612 | |
| |||
Shares | Value | ||
Innodata, Inc. (a) | 58,124 | $ 202,853 | |
Jack Henry & Associates, Inc. | 214,047 | 9,358,135 | |
Lender Processing Services, Inc. | 211,663 | 5,198,443 | |
Lionbridge Technologies, Inc. (a) | 146,424 | 559,340 | |
ManTech International Corp. Class A (d) | 65,288 | 1,619,795 | |
Mattersight Corp. (a)(d) | 15,883 | 72,426 | |
Maximus, Inc. | 88,092 | 6,411,336 | |
ModusLink Global Solutions, Inc. (a) | 101,501 | 292,323 | |
MoneyGram International, Inc. (a) | 51,816 | 839,937 | |
NCI, Inc. Class A (a) | 29,120 | 146,474 | |
NeuStar, Inc. Class A (a)(d) | 169,803 | 7,445,862 | |
Newtek Business Services, Inc. (a) | 5,503 | 10,291 | |
Official Payments Holdings, Inc. (a) | 27,138 | 158,757 | |
Online Resources Corp. (a)(d) | 78,643 | 301,203 | |
PFSweb, Inc. (a) | 60,946 | 210,264 | |
PRG-Schultz International, Inc. (a) | 45,131 | 293,352 | |
Rainmaker Systems, Inc. (a) | 15,480 | 10,093 | |
Sapient Corp. (a) | 279,486 | 3,135,833 | |
ServiceSource International, Inc. (a) | 138,958 | 878,215 | |
StarTek, Inc. (a) | 22,269 | 111,790 | |
Storage Engine, Inc. (a) | 500 | 0 | |
Sykes Enterprises, Inc. (a) | 94,516 | 1,404,508 | |
Syntel, Inc. | 45,523 | 2,738,664 | |
Teletech Holdings, Inc. (a) | 95,903 | 1,794,345 | |
The Management Network Group, Inc. (a) | 2,929 | 10,222 | |
Unisys Corp. (a) | 108,006 | 2,481,978 | |
Vantiv, Inc. | 118,855 | 2,586,285 | |
VeriFone Systems, Inc. (a) | 272,349 | 5,166,461 | |
Virtusa Corp. (a) | 53,287 | 1,116,363 | |
WEX, Inc. (a)(d) | 99,841 | 7,489,073 | |
WidePoint Corp. (a) | 102,981 | 61,789 | |
WPCS International, Inc. (a)(d) | 38,998 | 15,209 | |
| 169,458,197 | ||
Office Electronics - 0.1% | |||
Zebra Technologies Corp. Class A (a) | 126,750 | 5,668,260 | |
Semiconductors & Semiconductor Equipment - 2.5% | |||
Advanced Energy Industries, Inc. (a) | 92,550 | 1,669,602 | |
AEHR Test Systems (a) | 9,000 | 8,100 | |
Aetrium, Inc. (a) | 6,743 | 5,057 | |
Amkor Technology, Inc. (a)(d) | 216,408 | 876,452 | |
Amtech Systems, Inc. (a)(d) | 19,914 | 79,457 | |
ANADIGICS, Inc. (a) | 156,061 | 329,289 | |
Applied Micro Circuits Corp. (a) | 210,775 | 1,675,661 | |
Atmel Corp. (a) | 1,129,746 | 7,682,273 | |
ATMI, Inc. (a) | 76,660 | 1,678,854 | |
Axcelis Technologies, Inc. (a) | 244,233 | 278,426 | |
AXT, Inc. (a) | 91,754 | 261,499 | |
Brooks Automation, Inc. | 168,253 | 1,701,038 | |
BTU International, Inc. (a) | 13,926 | 40,525 | |
Cabot Microelectronics Corp. (d) | 60,424 | 2,064,688 | |
Cascade Microtech, Inc. (a) | 15,468 | 110,287 | |
Cavium, Inc. (a) | 128,613 | 4,748,392 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Ceva, Inc. (a) | 52,616 | $ 796,080 | |
Cirrus Logic, Inc. (a)(d) | 167,840 | 4,034,874 | |
Cohu, Inc. | 53,812 | 541,349 | |
Cree, Inc. (a)(d) | 296,946 | 13,430,868 | |
CVD Equipment Corp. (a)(d) | 8,902 | 90,800 | |
CyberOptics Corp. (a) | 9,297 | 60,338 | |
Cymer, Inc. (a) | 79,116 | 7,822,990 | |
Cypress Semiconductor Corp. (d) | 376,336 | 3,962,818 | |
DayStar Technologies, Inc. (a) | 3,735 | 4,482 | |
Diodes, Inc. (a)(d) | 100,150 | 1,995,990 | |
DSP Group, Inc. (a) | 46,628 | 337,587 | |
Entegris, Inc. (a) | 357,751 | 3,402,212 | |
Entropic Communications, Inc. (a) | 218,133 | 961,967 | |
Exar Corp. (a) | 117,125 | 1,376,219 | |
Fairchild Semiconductor International, Inc. (a) | 311,027 | 4,435,245 | |
FormFactor, Inc. (a) | 119,495 | 599,865 | |
GigOptix, Inc. (a) | 52,290 | 57,519 | |
GSI Technology, Inc. (a) | 42,569 | 273,293 | |
GT Advanced Technologies, Inc. (a)(d) | 320,977 | 917,994 | |
Hittite Microwave Corp. (a)(d) | 77,384 | 5,016,031 | |
Ikanos Communications, Inc. (a) | 115,443 | 200,871 | |
Inphi Corp. (a) | 47,066 | 454,658 | |
Integrated Device Technology, Inc. (a) | 372,872 | 2,535,530 | |
Integrated Silicon Solution, Inc. (a)(d) | 60,108 | 510,918 | |
Intermolecular, Inc. (a) | 38,814 | 375,331 | |
International Rectifier Corp. (a)(d) | 185,703 | 3,903,477 | |
Intersil Corp. Class A | 336,120 | 2,853,659 | |
Intest Corp. | 34,005 | 114,937 | |
IXYS Corp. | 59,965 | 597,851 | |
Kopin Corp. (a)(d) | 153,988 | 495,841 | |
Kulicke & Soffa Industries, Inc. (a) | 219,474 | 2,374,709 | |
Lattice Semiconductor Corp. (a) | 288,100 | 1,348,308 | |
LTX-Credence Corp. (a) | 104,147 | 604,053 | |
M/A-COM Technology Solutions, Inc. | 36,240 | 587,088 | |
Marvell Technology Group Ltd. | 1,191,439 | 12,033,534 | |
Mattson Technology, Inc. (a)(d) | 136,613 | 168,034 | |
Maxim Integrated Products, Inc. | 731,782 | 22,816,963 | |
MaxLinear, Inc. Class A (a) | 55,325 | 325,311 | |
MEMC Electronic Materials, Inc. (a) | 570,025 | 2,821,624 | |
MEMSIC, Inc. (a) | 20,654 | 71,050 | |
Micrel, Inc. (d) | 106,931 | 1,124,914 | |
Microsemi Corp. (a) | 233,279 | 4,812,546 | |
Mindspeed Technologies, Inc. (a)(d) | 83,459 | 371,393 | |
MKS Instruments, Inc. | 138,930 | 3,770,560 | |
Monolithic Power Systems, Inc. (d) | 82,168 | 2,020,511 | |
MoSys, Inc. (a)(d) | 79,294 | 275,150 | |
Nanometrics, Inc. (a) | 47,327 | 698,073 | |
NeoPhotonics Corp. (a) | 37,763 | 189,570 | |
NVE Corp. (a)(d) | 11,458 | 606,816 | |
Omnivision Technologies, Inc. (a)(d) | 127,409 | 1,963,373 | |
| |||
Shares | Value | ||
ON Semiconductor Corp. (a)(d) | 1,102,007 | $ 8,816,056 | |
PDF Solutions, Inc. (a) | 59,811 | 929,463 | |
Peregrine Semiconductor Corp. | 13,204 | 131,908 | |
Pericom Semiconductor Corp. (a) | 65,839 | 462,190 | |
Photronics, Inc. (a)(d) | 140,736 | 934,487 | |
Pixelworks, Inc. (a) | 35,295 | 85,414 | |
PLX Technology, Inc. (a) | 94,818 | 450,386 | |
PMC-Sierra, Inc. (a) | 528,027 | 3,426,895 | |
Power Integrations, Inc. | 76,690 | 3,206,409 | |
QuickLogic Corp. (a)(d) | 98,963 | 213,760 | |
Rambus, Inc. (a) | 282,588 | 1,593,796 | |
RF Micro Devices, Inc. (a) | 692,103 | 3,190,595 | |
Rubicon Technology, Inc. (a)(d) | 35,909 | 185,290 | |
Rudolph Technologies, Inc. (a)(d) | 80,303 | 884,939 | |
Semtech Corp. (a)(d) | 171,967 | 5,257,031 | |
Sigma Designs, Inc. (a) | 73,525 | 341,891 | |
Silicon Image, Inc. (a) | 188,435 | 868,685 | |
Silicon Laboratories, Inc. (a)(d) | 98,854 | 4,104,418 | |
Skyworks Solutions, Inc. (a) | 497,782 | 10,602,757 | |
Spansion, Inc. Class A | 142,425 | 1,674,918 | |
Spire Corp. (a) | 200 | 149 | |
STR Holdings, Inc. (a)(d) | 118,407 | 236,814 | |
SunPower Corp. (a)(d) | 103,185 | 1,211,392 | |
Supertex, Inc. | 23,977 | 541,640 | |
Tessera Technologies, Inc. | 137,632 | 2,455,355 | |
TranSwitch Corp. (a) | 48,274 | 40,063 | |
TriQuint Semiconductor, Inc. (a) | 408,220 | 1,918,634 | |
Ultra Clean Holdings, Inc. (a) | 64,500 | 380,550 | |
Ultratech, Inc. (a) | 70,372 | 2,883,845 | |
Veeco Instruments, Inc. (a)(d) | 104,674 | 3,340,147 | |
Vitesse Semiconductor Corp. (a)(d) | 78,832 | 164,759 | |
Volterra Semiconductor Corp. (a) | 67,755 | 1,040,039 | |
| 205,929,449 | ||
Software - 3.9% | |||
Accelrys, Inc. (a)(d) | 131,743 | 1,246,289 | |
ACI Worldwide, Inc. (a) | 99,576 | 4,561,577 | |
Activision Blizzard, Inc. | 1,075,164 | 15,374,845 | |
Actuate Corp. (a) | 117,367 | 705,376 | |
Advent Software, Inc. (a) | 77,474 | 2,029,819 | |
American Software, Inc. Class A | 56,018 | 457,107 | |
ANSYS, Inc. (a) | 235,955 | 17,885,389 | |
Aspen Technology, Inc. (a) | 236,103 | 7,262,528 | |
Astea International, Inc. (a) | 13,242 | 36,416 | |
Asure Software, Inc. (a) | 1,517 | 9,982 | |
Blackbaud, Inc. | 118,202 | 3,286,016 | |
Bottomline Technologies, Inc. (a)(d) | 97,921 | 2,656,597 | |
BroadSoft, Inc. (a) | 69,547 | 1,460,487 | |
BSQUARE Corp. (a) | 30,361 | 89,565 | |
Cadence Design Systems, Inc. (a)(d) | 717,690 | 10,162,490 | |
Callidus Software, Inc. (a)(d) | 116,069 | 504,900 | |
Cinedigm Digital Cinema Corp. (a) | 50,701 | 69,460 | |
CommVault Systems, Inc. (a) | 107,042 | 7,915,756 | |
Compuware Corp. (a) | 548,846 | 6,372,102 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Comverse, Inc. | 54,668 | $ 1,504,463 | |
Concur Technologies, Inc. (a)(d) | 113,580 | 7,973,316 | |
Cover-All Technologies, Inc. (a) | 2,815 | 3,406 | |
Datawatch Corp. (a) | 5,578 | 60,689 | |
Digimarc Corp. | 13,264 | 296,185 | |
Ebix, Inc. (d) | 82,847 | 1,328,037 | |
Ellie Mae, Inc. (a) | 34,300 | 696,290 | |
Envivio, Inc. (d) | 17,506 | 29,760 | |
EPIQ Systems, Inc. | 103,997 | 1,293,723 | |
ePlus, Inc. | 9,557 | 439,240 | |
Evolving Systems, Inc. | 12,044 | 80,695 | |
FactSet Research Systems, Inc. (d) | 101,287 | 9,854,212 | |
Fair Isaac Corp. | 90,000 | 3,990,600 | |
FalconStor Software, Inc. (a) | 86,450 | 232,551 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 335,650 | 8,116,017 | |
Globalscape, Inc. | 6,122 | 10,285 | |
Glu Mobile, Inc. (a)(d) | 116,341 | 264,094 | |
GSE Systems, Inc. (a) | 33,148 | 74,914 | |
Guidance Software, Inc. (a) | 25,308 | 248,271 | |
Guidewire Software, Inc. (a)(d) | 75,782 | 2,769,832 | |
Imperva, Inc. (a) | 28,729 | 1,048,609 | |
Infoblox, Inc. (d) | 102,456 | 2,160,797 | |
Informatica Corp. (a) | 275,904 | 9,659,399 | |
Interactive Intelligence Group, Inc. (a) | 39,218 | 1,631,861 | |
Jive Software, Inc. (a)(d) | 64,060 | 1,062,115 | |
Majesco Entertainment Co. (a) | 169,132 | 90,401 | |
Manhattan Associates, Inc. (a) | 59,488 | 4,155,832 | |
Marlborough Software Development Holdings, Inc. | 3,682 | 552 | |
Mentor Graphics Corp. | 240,557 | 4,260,264 | |
MICROS Systems, Inc. (a)(d) | 205,749 | 8,806,057 | |
MicroStrategy, Inc. Class A (a) | 21,893 | 2,230,459 | |
Mitek Systems, Inc. (a)(d) | 72,082 | 309,953 | |
Monotype Imaging Holdings, Inc. | 103,012 | 2,163,252 | |
Motricity, Inc. (a)(d) | 112,960 | 45,173 | |
NetScout Systems, Inc. (a) | 96,131 | 2,444,611 | |
NetSol Technologies, Inc. (a) | 16,096 | 186,392 | |
NetSuite, Inc. (a)(d) | 78,193 | 5,457,089 | |
Nuance Communications, Inc. (a)(d) | 634,615 | 11,683,262 | |
Parametric Technology Corp. (a) | 307,447 | 7,114,324 | |
Park City Group, Inc. (a) | 3,053 | 10,441 | |
Peerless Systems Corp. (a) | 15,698 | 50,234 | |
Pegasystems, Inc. | 43,949 | 1,203,763 | |
Pervasive Software, Inc. (a) | 25,547 | 233,755 | |
Progress Software Corp. (a) | 171,703 | 3,866,752 | |
Proofpoint, Inc. | 36,347 | 508,131 | |
PROS Holdings, Inc. (a) | 54,306 | 1,415,214 | |
QAD, Inc. Class B | 24,367 | 293,135 | |
QLIK Technologies, Inc. (a) | 189,518 | 4,927,468 | |
Qualys, Inc. | 18,211 | 215,982 | |
| |||
Shares | Value | ||
RealPage, Inc. (a)(d) | 96,465 | $ 2,089,432 | |
Rosetta Stone, Inc. (a) | 28,088 | 325,259 | |
Rovi Corp. (a) | 268,338 | 4,773,733 | |
SeaChange International, Inc. (a) | 69,895 | 805,190 | |
ServiceNow, Inc. (d) | 29,503 | 957,962 | |
Smith Micro Software, Inc. (a) | 72,854 | 106,367 | |
SolarWinds, Inc. (a) | 156,443 | 8,832,772 | |
Solera Holdings, Inc. | 178,111 | 10,027,649 | |
Sonic Foundry, Inc. (a) | 2,194 | 15,139 | |
Sourcefire, Inc. (a)(d) | 78,325 | 4,200,570 | |
Splunk, Inc. (d) | 63,708 | 2,301,770 | |
SS&C Technologies Holdings, Inc. (a) | 104,155 | 2,636,163 | |
Synchronoss Technologies, Inc. (a)(d) | 71,953 | 2,170,822 | |
Synopsys, Inc. (a) | 381,214 | 13,353,926 | |
Take-Two Interactive Software, Inc. (a) | 233,028 | 3,411,530 | |
Tangoe, Inc. (a) | 82,180 | 1,123,401 | |
TeleCommunication Systems, Inc. Class A (a) | 110,511 | 255,280 | |
TeleNav, Inc. (a) | 41,916 | 298,023 | |
TIBCO Software, Inc. (a) | 398,718 | 8,552,501 | |
TiVo, Inc. (a)(d) | 322,529 | 3,996,134 | |
Tyler Technologies, Inc. (a) | 75,793 | 4,274,725 | |
Ultimate Software Group, Inc. (a)(d) | 68,452 | 6,726,778 | |
Vasco Data Security International, Inc. (a) | 64,183 | 530,793 | |
Verint Systems, Inc. (a) | 128,637 | 4,395,526 | |
VirnetX Holding Corp. (a)(d) | 105,277 | 3,708,909 | |
VMware, Inc. Class A (a)(d) | 217,274 | 15,606,791 | |
Vringo, Inc. (a)(d) | 112,758 | 342,784 | |
Wave Systems Corp. Class A (a)(d) | 226,143 | 199,006 | |
Websense, Inc. (a) | 91,565 | 1,372,559 | |
Workday, Inc. | 57,322 | 3,169,333 | |
Zynga, Inc. (a)(d) | 1,225,343 | 4,153,913 | |
| 313,303,298 | ||
TOTAL INFORMATION TECHNOLOGY | 1,201,227,114 | ||
MATERIALS - 5.6% | |||
Chemicals - 2.7% | |||
A. Schulman, Inc. | 78,267 | 2,453,670 | |
ADA-ES, Inc. (a)(d) | 36,134 | 960,080 | |
Albemarle Corp. | 226,311 | 14,728,320 | |
American Pacific Corp. (a) | 20,080 | 371,480 | |
American Vanguard Corp. | 65,053 | 2,018,595 | |
Arabian American Development Co. (a) | 42,258 | 311,019 | |
Ashland, Inc. | 184,581 | 14,391,781 | |
Axiall Corp. | 176,290 | 9,974,488 | |
Balchem Corp. | 77,120 | 3,110,250 | |
Cabot Corp. | 149,170 | 5,486,473 | |
Calgon Carbon Corp. (a)(d) | 149,975 | 2,558,574 | |
Celanese Corp. Class A | 402,433 | 18,853,986 | |
Chase Corp. | 12,286 | 231,468 | |
Chemtura Corp. (a) | 255,000 | 5,130,600 | |
Clean Diesel Technologies, Inc. (a)(d) | 33,479 | 80,015 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Core Molding Technologies, Inc. (a) | 11,521 | $ 80,071 | |
Cytec Industries, Inc. | 114,248 | 8,270,413 | |
Ferro Corp. (a) | 212,580 | 1,090,535 | |
Flotek Industries, Inc. (a)(d) | 137,545 | 1,931,132 | |
FutureFuel Corp. | 37,342 | 489,554 | |
GSE Holding, Inc. | 16,500 | 118,635 | |
H.B. Fuller Co. | 130,210 | 5,321,683 | |
Hawkins, Inc. | 22,191 | 875,213 | |
Huntsman Corp. | 484,220 | 8,343,111 | |
Innophos Holdings, Inc. | 55,185 | 2,694,684 | |
Intrepid Potash, Inc. | 143,302 | 2,824,482 | |
KMG Chemicals, Inc. | 19,780 | 390,853 | |
Koppers Holdings, Inc. | 50,513 | 2,095,279 | |
Kraton Performance Polymers, Inc. (a) | 86,645 | 2,082,946 | |
Kronos Worldwide, Inc. (d) | 60,714 | 1,038,817 | |
Landec Corp. (a) | 84,086 | 925,787 | |
LSB Industries, Inc. (a) | 50,999 | 1,976,211 | |
Material Sciences Corp. (a)(d) | 23,734 | 240,900 | |
Minerals Technologies, Inc. | 95,148 | 3,828,756 | |
NewMarket Corp. | 27,248 | 6,857,504 | |
Northern Technologies International Corp. (a) | 1,103 | 14,791 | |
Olin Corp. | 200,452 | 4,642,468 | |
OM Group, Inc. (a)(d) | 81,882 | 2,009,384 | |
OMNOVA Solutions, Inc. (a)(d) | 113,582 | 909,792 | |
Penford Corp. (a) | 27,329 | 277,389 | |
PolyOne Corp. | 229,909 | 5,239,626 | |
Quaker Chemical Corp. | 32,517 | 1,866,801 | |
Rockwood Holdings, Inc. | 195,625 | 12,246,125 | |
RPM International, Inc. | 336,631 | 10,236,949 | |
Senomyx, Inc. (a)(d) | 114,790 | 276,644 | |
Sensient Technologies Corp. | 124,362 | 4,590,201 | |
Spartech Corp. (a) | 67,518 | 666,403 | |
Stepan Co. | 42,656 | 2,612,253 | |
The Scotts Miracle-Gro Co. Class A | 104,032 | 4,609,658 | |
TOR Minerals International, Inc. (a) | 3,831 | 41,835 | |
Tredegar Corp. | 61,191 | 1,497,956 | |
Tronox Ltd. Class A | 57,314 | 1,177,230 | |
Valhi, Inc. (d) | 64,947 | 1,057,337 | |
Valspar Corp. | 215,306 | 13,265,003 | |
W.R. Grace & Co. (a) | 177,559 | 12,709,673 | |
Westlake Chemical Corp. | 48,958 | 4,221,159 | |
Zep, Inc. | 50,668 | 757,993 | |
Zoltek Companies, Inc. (a)(d) | 65,740 | 614,669 | |
| 217,678,704 | ||
Construction Materials - 0.3% | |||
Eagle Materials, Inc. | 123,296 | 7,929,166 | |
Headwaters, Inc. (a) | 179,895 | 1,692,812 | |
Martin Marietta Materials, Inc. | 115,426 | 11,211,327 | |
Texas Industries, Inc. (a)(d) | 58,355 | 3,387,508 | |
| |||
Shares | Value | ||
U.S. Concrete, Inc. (a) | 25,199 | $ 246,950 | |
United States Lime & Minerals, Inc. (a) | 7,538 | 395,293 | |
| 24,863,056 | ||
Containers & Packaging - 0.9% | |||
AEP Industries, Inc. (a) | 13,400 | 945,102 | |
Aptargroup, Inc. | 166,296 | 8,970,006 | |
Berry Plastics Group, Inc. | 70,965 | 1,363,947 | |
Boise, Inc. | 247,252 | 2,123,895 | |
Crown Holdings, Inc. (a) | 371,357 | 14,434,647 | |
Graphic Packaging Holding Co. (a) | 299,085 | 2,219,211 | |
Greif, Inc. Class A | 90,875 | 4,622,811 | |
MOD-PAC Corp. (sub. vtg.) (a) | 3,740 | 30,705 | |
Myers Industries, Inc. | 100,702 | 1,482,333 | |
Packaging Corp. of America | 246,303 | 10,290,539 | |
Rock-Tenn Co. Class A | 179,926 | 15,914,455 | |
Silgan Holdings, Inc. | 119,019 | 5,109,486 | |
Sonoco Products Co. | 239,162 | 7,598,177 | |
UFP Technologies, Inc. (a) | 15,846 | 299,806 | |
| 75,405,120 | ||
Metals & Mining - 1.3% | |||
A.M. Castle & Co. (a)(d) | 38,879 | 638,782 | |
AK Steel Holding Corp. (d) | 317,663 | 1,191,236 | |
Allied Nevada Gold Corp. (a)(d) | 209,568 | 3,835,094 | |
Amcol International Corp. | 61,309 | 1,792,675 | |
Carpenter Technology Corp. | 115,927 | 5,475,232 | |
Century Aluminum Co. (a) | 132,753 | 1,076,627 | |
Coeur d'Alene Mines Corp. (a) | 223,687 | 4,252,290 | |
Commercial Metals Co. | 293,644 | 4,789,334 | |
Compass Minerals International, Inc. | 82,516 | 6,083,080 | |
Comstock Mining, Inc. (a)(d) | 83,725 | 165,776 | |
Friedman Industries | 15,788 | 172,721 | |
General Moly, Inc. (a) | 202,841 | 592,296 | |
Globe Specialty Metals, Inc. | 170,087 | 2,430,543 | |
Golden Minerals Co. (a)(d) | 115,781 | 335,765 | |
Handy & Harman Ltd. (a) | 41,326 | 669,481 | |
Haynes International, Inc. | 32,086 | 1,652,429 | |
Hecla Mining Co. | 709,617 | 3,292,623 | |
Horsehead Holding Corp. (a)(d) | 105,544 | 1,115,600 | |
Kaiser Aluminum Corp. (d) | 41,453 | 2,538,582 | |
Materion Corp. | 49,172 | 1,360,098 | |
McEwen Mining, Inc. (a) | 715,025 | 1,737,511 | |
Metals USA Holdings Corp. | 48,992 | 1,016,094 | |
Mines Management, Inc. (a)(d) | 69,165 | 75,390 | |
Molycorp, Inc. (a)(d) | 312,599 | 1,919,358 | |
Noranda Aluminium Holding Corp. | 166,713 | 793,554 | |
Olympic Steel, Inc. | 20,461 | 422,929 | |
Prospect Global Resources, Inc. (a) | 24,337 | 29,935 | |
Reliance Steel & Aluminum Co. | 193,919 | 12,913,066 | |
Royal Gold, Inc. | 165,443 | 10,843,134 | |
RTI International Metals, Inc. (a)(d) | 74,509 | 2,210,682 | |
Schnitzer Steel Industries, Inc. Class A | 62,943 | 1,800,799 | |
Silver Bull Resources, Inc. (a)(d) | 148,902 | 49,882 | |
Solitario Exploration & Royalty Corp. (a) | 57,827 | 89,632 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Steel Dynamics, Inc. (d) | 561,482 | $ 8,573,830 | |
Stillwater Mining Co. (a)(d) | 313,830 | 4,092,343 | |
SunCoke Energy, Inc. (a) | 184,578 | 3,043,691 | |
Synalloy Corp. | 9,327 | 127,314 | |
Timberline Resources Corp. (a)(d) | 213,150 | 40,499 | |
U.S. Silica Holdings, Inc. (d) | 42,160 | 1,036,714 | |
Universal Stainless & Alloy Products, Inc. (a) | 18,357 | 651,490 | |
US Antimony Corp. (a)(d) | 61,920 | 115,790 | |
Walter Energy, Inc. (d) | 157,784 | 5,015,953 | |
Worthington Industries, Inc. (d) | 134,816 | 3,820,685 | |
| 103,880,539 | ||
Paper & Forest Products - 0.4% | |||
Boise Cascade Co. | 29,600 | 802,160 | |
Buckeye Technologies, Inc. | 96,053 | 2,663,550 | |
Clearwater Paper Corp. (a) | 61,188 | 2,960,887 | |
Deltic Timber Corp. | 29,841 | 2,130,349 | |
Domtar Corp. | 90,715 | 6,763,710 | |
Kapstone Paper & Packaging Corp. | 96,111 | 2,560,397 | |
Louisiana-Pacific Corp. (a) | 342,651 | 7,185,391 | |
Neenah Paper, Inc. | 36,724 | 1,072,341 | |
P.H. Glatfelter Co. | 142,034 | 2,577,917 | |
Resolute Forest Products (a)(d) | 259,455 | 3,580,479 | |
Schweitzer-Mauduit International, Inc. | 87,906 | 3,239,336 | |
Verso Paper Corp. (a)(d) | 31,277 | 33,466 | |
Wausau-Mosinee Paper Corp. | 98,528 | 972,471 | |
| 36,542,454 | ||
TOTAL MATERIALS | 458,369,873 | ||
TELECOMMUNICATION SERVICES - 0.9% | |||
Diversified Telecommunication Services - 0.4% | |||
8x8, Inc. (a) | 207,358 | 1,254,516 | |
Alaska Communication Systems Group, Inc. (d) | 97,590 | 167,855 | |
Allegiance Telecom, Inc. (a) | 15,750 | 0 | |
Alteva | 11,334 | 124,107 | |
Atlantic Tele-Network, Inc. | 25,792 | 1,212,224 | |
Cbeyond, Inc. (a) | 66,391 | 466,065 | |
Cincinnati Bell, Inc. (a)(d) | 548,019 | 1,781,062 | |
Cogent Communications Group, Inc. | 126,168 | 3,173,125 | |
Consolidated Communications Holdings, Inc. (d) | 90,904 | 1,527,187 | |
Elephant Talk Communication, Inc. (a)(d) | 200,060 | 240,072 | |
FairPoint Communications, Inc. (a)(d) | 56,860 | 474,781 | |
General Communications, Inc. Class A (a) | 82,347 | 695,832 | |
Hawaiian Telcom Holdco, Inc. (a) | 21,226 | 409,025 | |
HickoryTech Corp. | 34,243 | 321,542 | |
IDT Corp. Class B | 44,462 | 449,511 | |
inContact, Inc. (a)(d) | 134,662 | 914,355 | |
| |||
Shares | Value | ||
Iridium Communications, Inc. (a)(d) | 169,319 | $ 1,034,539 | |
Level 3 Communications, Inc. (a)(d) | 411,564 | 8,223,049 | |
Lumos Networks Corp. | 42,527 | 485,658 | |
Multiband Corp. (a) | 27,198 | 59,292 | |
Neutral Tandem, Inc. | 104,102 | 357,070 | |
ORBCOMM, Inc. (a) | 78,686 | 347,005 | |
Premiere Global Services, Inc. (a) | 109,608 | 1,169,517 | |
Primus Telecommunications Group, Inc. | 26,065 | 286,454 | |
Towerstream Corp. (a)(d) | 163,311 | 406,644 | |
tw telecom, inc. (a) | 379,421 | 9,606,940 | |
Vonage Holdings Corp. (a) | 388,357 | 1,025,262 | |
| 36,212,689 | ||
Wireless Telecommunication Services - 0.5% | |||
Boingo Wireless, Inc. (a)(d) | 25,257 | 153,563 | |
Clearwire Corp. Class A (a) | 1,111,846 | 3,468,960 | |
Leap Wireless International, Inc. (a)(d) | 140,047 | 749,251 | |
NII Holdings, Inc. (a)(d) | 442,815 | 2,134,368 | |
NTELOS Holdings Corp. | 42,305 | 527,966 | |
SBA Communications Corp. Class A (a)(d) | 314,310 | 22,353,727 | |
Shenandoah Telecommunications Co. | 52,949 | 762,995 | |
Telephone & Data Systems, Inc. | 254,617 | 5,828,183 | |
U.S. Cellular Corp. (a) | 37,864 | 1,393,017 | |
USA Mobility, Inc. | 61,882 | 719,069 | |
| 38,091,099 | ||
TOTAL TELECOMMUNICATION SERVICES | 74,303,788 | ||
UTILITIES - 3.6% | |||
Electric Utilities - 1.4% | |||
Allete, Inc. | 92,458 | 4,345,526 | |
Cleco Corp. | 155,364 | 6,882,625 | |
El Paso Electric Co. | 107,795 | 3,594,963 | |
Empire District Electric Co. | 112,476 | 2,408,111 | |
Great Plains Energy, Inc. | 383,697 | 8,376,106 | |
Hawaiian Electric Industries, Inc. | 251,655 | 6,792,168 | |
IDACORP, Inc. | 127,244 | 5,941,022 | |
ITC Holdings Corp. | 133,175 | 11,255,951 | |
MGE Energy, Inc. | 67,449 | 3,620,662 | |
NV Energy, Inc. | 576,146 | 11,384,645 | |
OGE Energy Corp. (d) | 248,273 | 14,377,489 | |
Otter Tail Corp. | 105,764 | 3,055,522 | |
PNM Resources, Inc. | 211,467 | 4,749,549 | |
Portland General Electric Co. | 187,498 | 5,566,816 | |
UIL Holdings Corp. | 127,515 | 4,993,487 | |
Unitil Corp. | 33,222 | 909,618 | |
UNS Energy Corp. | 109,304 | 5,139,474 | |
Westar Energy, Inc. | 312,727 | 9,700,792 | |
| 113,094,526 | ||
Gas Utilities - 0.9% | |||
Atmos Energy Corp. | 227,295 | 8,675,850 | |
Chesapeake Utilities Corp. | 26,929 | 1,293,400 | |
Delta Natural Gas Co., Inc. | 13,699 | 267,678 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Gas Utilities - continued | |||
Gas Natural, Inc. | 13,409 | $ 133,285 | |
Laclede Group, Inc. | 50,946 | 2,076,559 | |
National Fuel Gas Co. (d) | 211,913 | 12,331,217 | |
New Jersey Resources Corp. | 111,043 | 4,948,076 | |
Northwest Natural Gas Co. | 72,448 | 3,300,006 | |
Piedmont Natural Gas Co., Inc. (d) | 187,806 | 6,054,865 | |
Questar Corp. | 434,281 | 10,209,946 | |
RGC Resources, Inc. | 2,242 | 40,378 | |
South Jersey Industries, Inc. | 80,362 | 4,431,161 | |
Southwest Gas Corp. | 122,634 | 5,555,320 | |
UGI Corp. | 280,120 | 10,033,898 | |
WGL Holdings, Inc. | 132,647 | 5,593,724 | |
| 74,945,363 | ||
Independent Power Producers & Energy Traders - 0.3% | |||
American DG Energy, Inc. (a)(d) | 66,943 | 147,275 | |
Black Hills Corp. | 111,612 | 4,641,943 | |
Calpine Corp. (a) | 983,666 | 18,099,454 | |
Dynegy, Inc. (a)(d) | 213,790 | 4,183,870 | |
Genie Energy Ltd. Class B | 48,524 | 340,638 | |
Ormat Technologies, Inc. (d) | 66,515 | 1,359,567 | |
Synthesis Energy Systems, Inc. (a) | 108,052 | 115,616 | |
US Geothermal, Inc. (a)(d) | 223,992 | 71,677 | |
| 28,960,040 | ||
Multi-Utilities - 0.5% | |||
Alliant Energy Corp. | 274,508 | 13,091,287 | |
Avista Corp. | 144,014 | 3,771,727 | |
CH Energy Group, Inc. | 41,279 | 2,688,501 | |
MDU Resources Group, Inc. | 493,199 | 11,915,688 | |
NorthWestern Energy Corp. | 92,662 | 3,611,965 | |
Vectren Corp. | 212,639 | 7,017,087 | |
| 42,096,255 | ||
Water Utilities - 0.5% | |||
American States Water Co. | 47,115 | 2,495,210 | |
American Water Works Co., Inc. | 443,191 | 17,483,885 | |
Aqua America, Inc. | 361,486 | 10,530,087 | |
Artesian Resources Corp. Class A | 17,456 | 388,396 | |
Cadiz, Inc. (a)(d) | 34,362 | 231,600 | |
California Water Service Group | 132,314 | 2,654,219 | |
Connecticut Water Service, Inc. | 21,351 | 637,541 | |
Middlesex Water Co. | 51,194 | 996,235 | |
Pure Cycle Corp. (a) | 69,664 | 279,353 | |
SJW Corp. | 32,982 | 874,353 | |
York Water Co. | 39,414 | 727,582 | |
| 37,298,461 | ||
TOTAL UTILITIES | 296,394,645 | ||
TOTAL COMMON STOCKS (Cost $6,503,734,234) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal | Value | ||
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.14% 5/23/13 to 6/27/13 (e) | $ 5,000,000 | $ 4,998,433 |
Money Market Funds - 17.1% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 121,188,760 | 121,188,760 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 1,270,001,721 | 1,270,001,721 | |
TOTAL MONEY MARKET FUNDS (Cost $1,391,190,481) |
| ||
TOTAL INVESTMENT PORTFOLIO - 115.9% (Cost $7,899,922,944) | 9,439,318,711 | ||
NET OTHER ASSETS (LIABILITIES) - (15.9)% | (1,293,383,838) | ||
NET ASSETS - 100% | $ 8,145,934,873 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
371 CME E-mini S&P MidCap 400 Index Contracts | March 2013 | $ 40,873,070 | $ 3,010,698 | ||
676 NYFE Russell 2000 Mini Index Contracts | March 2013 | 61,529,520 | 4,711,348 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 102,402,590 | $ 7,722,046 |
|
The face value of futures purchased as a percentage of net assets is 1.3% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $4,098,640. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 118,467 |
Fidelity Securities Lending Cash Central Fund | 15,326,897 |
Total | $ 15,445,364 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,250,409,959 | $ 1,250,409,959 | $ - | $ - |
Consumer Staples | 261,264,412 | 261,264,412 | - | - |
Energy | 538,486,147 | 538,486,147 | - | - |
Financials | 1,856,416,579 | 1,856,413,823 | - | 2,756 |
Health Care | 857,312,452 | 857,312,448 | - | 4 |
Industrials | 1,248,944,828 | 1,248,930,202 | 14,626 | - |
Information Technology | 1,201,227,114 | 1,201,227,114 | - | - |
Materials | 458,369,873 | 458,369,873 | - | - |
Telecommunication Services | 74,303,788 | 74,303,788 | - | - |
Utilities | 296,394,645 | 296,394,645 | - | - |
U.S. Government and Government Agency Obligations | 4,998,433 | - | 4,998,433 | - |
Money Market Funds | 1,391,190,481 | 1,391,190,481 | - | - |
Total Investments in Securities: | $ 9,439,318,711 | $ 9,434,302,892 | $ 5,013,059 | $ 2,760 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 7,722,046 | $ 7,722,046 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 7,722,046 | $ - |
Total Value of Derivatives | $ 7,722,046 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Extended Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,236,139,619) - See accompanying schedule: Unaffiliated issuers (cost $6,508,732,463) | $ 8,048,128,230 |
|
Fidelity Central Funds (cost $1,391,190,481) | 1,391,190,481 |
|
Total Investments (cost $7,899,922,944) |
| $ 9,439,318,711 |
Cash |
| 151,372 |
Receivable for investments sold | 8,617,899 | |
Receivable for fund shares sold | 12,216,175 | |
Dividends receivable | 6,081,894 | |
Distributions receivable from Fidelity Central Funds | 1,215,661 | |
Receivable for daily variation margin on futures contracts | 28,127 | |
Receivable from investment adviser for expense reductions | 1,182 | |
Other receivables | 3,132 | |
Total assets | 9,467,634,153 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 42,634,127 | |
Payable for fund shares redeemed | 8,568,580 | |
Accrued management fee | 403,313 | |
Other affiliated payables | 91,539 | |
Collateral on securities loaned, at value | 1,270,001,721 | |
Total liabilities | 1,321,699,280 | |
|
|
|
Net Assets | $ 8,145,934,873 | |
Net Assets consist of: |
| |
Paid in capital | $ 6,566,496,840 | |
Undistributed net investment income | 12,923,003 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | 19,397,217 | |
Net unrealized appreciation (depreciation) on investments | 1,547,117,813 | |
Net Assets | $ 8,145,934,873 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 43.12 | |
|
|
|
Fidelity Advantage Class: | $ 43.12 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 43.11 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 118,473,606 |
Interest |
| 8,625 |
Income from Fidelity Central Funds (including $15,326,897 from security lending) |
| 15,445,364 |
Total income |
| 133,927,595 |
|
|
|
Expenses | ||
Management fee | $ 4,131,985 | |
Transfer agent fees | 1,261,483 | |
Independent trustees' compensation | 44,441 | |
Miscellaneous | 17,439 | |
Total expenses before reductions | 5,455,348 | |
Expense reductions | (1,784) | 5,453,564 |
Net investment income (loss) | 128,474,031 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 178,938,374 | |
Foreign currency transactions | 2,666 | |
Futures contracts | 10,780,134 | |
Total net realized gain (loss) |
| 189,721,174 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 638,416,432 | |
Assets and liabilities in foreign currencies | (626) | |
Futures contracts | 1,141,781 | |
Total change in net unrealized appreciation (depreciation) |
| 639,557,587 |
Net gain (loss) | 829,278,761 | |
Net increase (decrease) in net assets resulting from operations | $ 957,752,792 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 128,474,031 | $ 74,746,560 |
Net realized gain (loss) | 189,721,174 | 132,271,976 |
Change in net unrealized appreciation (depreciation) | 639,557,587 | (112,097,829) |
Net increase (decrease) in net assets resulting from operations | 957,752,792 | 94,920,707 |
Distributions to shareholders from net investment income | (123,000,708) | (69,414,947) |
Distributions to shareholders from net realized gain | (200,713,554) | (127,979,459) |
Total distributions | (323,714,262) | (197,394,406) |
Share transactions - net increase (decrease) | 994,205,584 | 652,403,567 |
Redemption fees | 653,587 | 919,879 |
Total increase (decrease) in net assets | 1,628,897,701 | 550,849,747 |
|
|
|
Net Assets | ||
Beginning of period | 6,517,037,172 | 5,966,187,425 |
End of period (including undistributed net investment income of $12,923,003 and undistributed net investment income of $10,311,506, respectively) | $ 8,145,934,873 | $ 6,517,037,172 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .73 | .48 | .43 | .36 | .50 |
Net realized and unrealized gain (loss) | 4.61 | .10 | 9.71 | 12.40 | (15.73) |
Total from investment operations | 5.34 | .58 | 10.14 | 12.76 | (15.23) |
Distributions from net investment income | (.70) | (.45) | (.36) | (.35) | (.43) |
Distributions from net realized gain | (1.17) | (.84) | (.51) | (.06) | (.76) |
Total distributions | (1.88) J | (1.28) I | (.87) | (.41) H | (1.19) |
Redemption fees added to paid in capital B | - G | .01 | - G | - G | - G |
Net asset value, end of period | $ 43.12 | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 |
Total Return A | 14.00% | 1.76% | 32.95% | 68.20% | (44.26)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 1.85% | 1.26% | 1.24% | 1.35% | 1.71% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 971,857 | $ 2,606,631 | $ 4,440,988 | $ 2,692,346 | $ 1,446,984 |
Portfolio turnover rate D | 10% | 11% | 8% | 26% | 16% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.41 per share is comprised of distributions from net investment income of $.350 and distributions from net realized gain of $.055 per share. I Total distributions of $1.28 per share is comprised of distributions from net investment income of $.446 and distributions from net realized gain of $.837 per share. J Total distributions of $1.88 per share is comprised of distributions from net investment income of $.703 and distributions from net realized gain of $1.172 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .75 | .48 | .44 | .37 | .52 |
Net realized and unrealized gain (loss) | 4.60 | .10 | 9.72 | 12.39 | (15.74) |
Total from investment operations | 5.35 | .58 | 10.16 | 12.76 | (15.22) |
Distributions from net investment income | (.72) | (.46) | (.37) | (.36) | (.44) |
Distributions from net realized gain | (1.17) | (.84) | (.51) | (.06) | (.76) |
Total distributions | (1.89) | (1.29) I | (.88) | (.41) H | (1.20) |
Redemption fees added to paid in capital B | - G | .01 | - G | - G | - G |
Net asset value, end of period | $ 43.12 | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 |
Total Return A | 14.04% | 1.76% | 33.02% | 68.25% | (44.25)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .07% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .07% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 1.88% | 1.29% | 1.27% | 1.38% | 1.74% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 7,173,852 | $ 3,910,289 | $ 1,525,199 | $ 900,218 | $ 478,227 |
Portfolio turnover rate D | 10% | 11% | 8% | 26% | 16% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.41 per share is comprised of distributions from net investment income of $.358 and distributions from net realized gain of $.055 per share. I Total distributions of $1.29 per share is comprised of distributions from net investment income of $.457 and distributions from net realized gain of $.837 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.66 | $ 34.67 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .75 | .25 |
Net realized and unrealized gain (loss) | 4.60 | 5.52 |
Total from investment operations | 5.35 | 5.77 |
Distributions from net investment income | (.72) | (.40) |
Distributions from net realized gain | (1.17) | (.38) |
Total distributions | (1.90) K | (.78) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 43.11 | $ 39.66 |
Total Return B, C | 14.04% | 16.99% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 1.89% | 1.44% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 226 | $ 117 |
Portfolio turnover rate F | 10% | 11% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Total distributions of $1.90 per share is comprised of distributions from net investment income of $.723 and distributions from net realized gain of $1.172 per share. L Amount not annualized. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan International Index Fund - Institutional ClassA | 10.12% | -0.92% | 9.37% |
Spartan International Index Fund - Fidelity Advantage Institutional ClassB | 10.13% | -0.92% | 9.37% |
A The initial offering of Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
B The initial offering of Fidelity Advantage Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan International Index Fund - Institutional Class on on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the MSCI® EAFE® Index performed over the same period. The initial offering of Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Institutional Class.
Annual Report
Spartan International Index Fund
Management's Discussion of Fund Performance
Market Recap: For the 12 months ending February 28, 2013, international equities cast off an early-period drubbing and rebounded to finish in positive territory, as debt woes in the eurozone subsided and central banks around the world continued with monetary easing. Foreign developed- and emerging-markets stocks, as measured by the MSCI® ACWI® (All Country World Index) ex USA Index, rose 6.80% for the year, fueled in part by stabilization in the eurozone and improving U.S. economic data, but held back by a stronger U.S. dollar. International stocks were hard hit through May, amid fear of global debt contagion and an economic slowdown in China. Markets reversed course in the summer and never looked back, fueled by news that European Central Bank officials would do "whatever it takes" to save the euro. Within the MSCI index, several European countries had double-digit gains, with Switzerland (+23%) and Sweden (+15%) posting strong returns, while larger economies such as Germany (+11%), France (+10%) and the U.K. (+7%) - the biggest market weighting in the index - also fared well. Countries plagued by slowing or stagnant economies had mixed results, including Greece (+9%), Spain (+2%) and Italy (-3%). Asia-Pacific ex Japan (+15%) outpaced the index, while Japan (+5%) was especially hurt by currency fluctuations. Canada and the more-volatile emerging markets saw only modest to flat gains.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® International Index Fund: For the year, the fund's Institutional Class and Fidelity Advantage® Institutional Class shares gained 10.12% and 10.13%, respectively, compared with 9.99% for the MSCI® EAFE® Index. (The fund's performance relative to the index can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index.) Of the 10 sectors in the index, six turned in a positive result in U.S. dollar terms, with health care and financials leading the way, while energy and utilities brought up the rear. On an individual basis, several pharmaceutical manufacturers, led by Switzerland's Roche Holding, were outsized contributors. Roche, the world's largest maker of cancer drugs, saw its shares rise by roughly 31%, while another Swiss drug maker, Novartis, also added considerable value. Meanwhile, another Swiss company, food products giant Nestle - the largest position in both the index and fund during the period - further contributed. In the financials sector, HSBC Holdings, a leading U.K. bank, lifted results, as did two Australian banks - Westpac Banking and Commonwealth Bank of Australia. On the negative side, the fund's three-biggest detractors were all based in the U.K. - including natural gas company BG Group and diversified energy giant BP. Mining concern Anglo American, headquartered in the U.K., was another notable source of underperformance, as was Australia's Newcrest Mining, whose shares fell 35%. In Spain, the country's leading telecommunication services provider, Telefonica, further hampered results, while the fund also was hurt by its allocation to equity index futures, which we used to temporarily reinvest cash to gain additional exposure to the market.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan International Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Nestle SA (Switzerland, Food Products) | 1.9 | 2.0 |
HSBC Holdings PLC (United Kingdom) (United Kingdom, Commercial Banks) | 1.8 | 1.6 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.4 | 1.3 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.4 | 1.3 |
Toyota Motor Corp. (Japan, Automobiles) | 1.2 | 1.1 |
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) | 1.1 | 1.3 |
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services) | 1.1 | 1.4 |
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) | 1.0 | 1.2 |
BHP Billiton Ltd. (Australia, Metals & Mining) | 1.0 | 1.1 |
Sanofi SA (France, Pharmaceuticals) | 1.0 | 1.0 |
| 12.9 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Financials | 23.9 | 22.1 |
Industrials | 12.6 | 12.8 |
Consumer Staples | 12.0 | 12.2 |
Consumer Discretionary | 11.5 | 10.1 |
Health Care | 10.0 | 10.2 |
Materials | 9.1 | 9.2 |
Energy | 6.9 | 8.4 |
Telecommunication Services | 4.4 | 5.4 |
Information Technology | 4.3 | 4.2 |
Utilities | 3.4 | 3.8 |
Geographic Diversification (% of fund's net assets) | |||
As of February 28, 2013 | |||
United Kingdom | 21.0% |
| |
Japan | 20.6% |
| |
Australia | 9.3% |
| |
Switzerland | 8.9% |
| |
France | 8.8% |
| |
Germany | 8.4% |
| |
Sweden | 3.3% |
| |
Spain | 2.9% |
| |
Hong Kong | 2.8% |
| |
Other | 14.0% |
|
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
As of August 31, 2012 | |||
United Kingdom | 22.4% |
| |
Japan | 20.5% |
| |
Australia | 9.0% |
| |
France | 8.7% |
| |
Switzerland | 8.5% |
| |
Germany | 8.1% |
| |
Sweden | 3.2% |
| |
Netherlands | 2.8% |
| |
Spain | 2.7% |
| |
Other | 14.1% |
|
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan International Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 97.2% | |||
Shares | Value | ||
Australia - 9.1% | |||
AGL Energy Ltd. | 470,313 | $ 7,657,595 | |
ALS Ltd. | 288,322 | 3,448,671 | |
Alumina Ltd. | 2,214,560 | 2,764,253 | |
Amcor Ltd. | 1,043,737 | 9,808,351 | |
AMP Ltd. | 2,533,442 | 14,181,058 | |
APA Group unit | 698,390 | 4,387,228 | |
Asciano Ltd. | 851,718 | 4,854,529 | |
ASX Ltd. | 149,863 | 5,579,677 | |
Australia & New Zealand Banking Group Ltd. | 2,355,233 | 69,093,219 | |
Bendigo & Adelaide Bank Ltd. | 350,417 | 3,554,279 | |
BHP Billiton Ltd. | 2,785,158 | 104,271,173 | |
Boral Ltd. | 685,950 | 3,622,431 | |
Brambles Ltd. | 1,346,702 | 12,036,402 | |
Caltex Australia Ltd. | 121,749 | 2,480,992 | |
CFS Retail Property Trust unit | 1,642,849 | 3,507,204 | |
Coca-Cola Amatil Ltd. | 496,624 | 7,350,438 | |
Cochlear Ltd. | 48,104 | 3,480,782 | |
Commonwealth Bank of Australia | 1,394,156 | 95,796,560 | |
Computershare Ltd. | 375,002 | 3,899,406 | |
Crown Ltd. | 366,093 | 4,491,088 | |
CSL Ltd. | 435,408 | 26,684,850 | |
DEXUS Property Group unit | 3,887,425 | 4,328,183 | |
Echo Entertainment Group Ltd. | 661,869 | 2,542,009 | |
Federation Centres unit | 1,152,017 | 2,882,983 | |
Flight Centre Ltd. (d) | 46,630 | 1,547,982 | |
Fortescue Metals Group Ltd. | 1,244,164 | 5,998,418 | |
Goodman Group unit | 1,475,225 | 7,006,939 | |
Harvey Norman Holdings Ltd. (d) | 431,590 | 1,097,711 | |
Iluka Resources Ltd. | 360,587 | 3,874,743 | |
Incitec Pivot Ltd. | 1,381,242 | 4,557,109 | |
Insurance Australia Group Ltd. | 1,810,051 | 10,520,108 | |
Leighton Holdings Ltd. | 131,419 | 3,169,358 | |
Lend Lease Group unit | 465,841 | 5,067,625 | |
Macquarie Group Ltd. | 284,919 | 10,977,671 | |
Metcash Ltd. (d) | 735,628 | 3,065,741 | |
Mirvac Group unit | 2,898,652 | 4,855,758 | |
National Australia Bank Ltd. | 2,011,094 | 62,037,805 | |
Newcrest Mining Ltd. | 664,075 | 15,370,718 | |
Orica Ltd. | 317,216 | 8,848,994 | |
Origin Energy Ltd. | 946,241 | 11,762,766 | |
OZ Minerals Ltd. | 265,086 | 1,722,111 | |
Qantas Airways Ltd. (a) | 927,527 | 1,558,510 | |
QBE Insurance Group Ltd. | 1,037,256 | 14,176,179 | |
QR National Ltd. | 1,549,392 | 6,377,985 | |
Ramsay Health Care Ltd. | 115,489 | 3,789,076 | |
Rio Tinto Ltd. | 377,735 | 25,870,399 | |
Santos Ltd. | 830,314 | 11,373,346 | |
Sims Metal Management Ltd. | 145,745 | 1,615,431 | |
Sonic Healthcare Ltd. | 330,315 | 4,531,285 | |
SP AusNet unit | 1,410,925 | 1,715,015 | |
Stockland Corp. Ltd. unit | 1,923,310 | 7,386,764 | |
| |||
Shares | Value | ||
Suncorp-Metway Ltd. | 1,113,546 | $ 12,818,854 | |
Sydney Airport unit | 350,832 | 1,135,993 | |
Tabcorp Holdings Ltd. | 593,991 | 1,929,408 | |
Tattersall's Ltd. | 1,184,324 | 3,859,032 | |
Telstra Corp. Ltd. | 3,768,619 | 17,669,003 | |
The GPT Group unit | 1,407,898 | 5,651,723 | |
Toll Holdings Ltd. | 574,617 | 3,627,305 | |
Transurban Group unit | 1,112,013 | 6,996,933 | |
Treasury Wine Estates Ltd. | 546,986 | 2,961,210 | |
Wesfarmers Ltd. | 871,614 | 36,529,424 | |
Westfield Group unit | 1,898,213 | 21,716,012 | |
Westfield Retail Trust unit | 2,519,533 | 8,183,975 | |
Westpac Banking Corp. | 2,670,312 | 83,927,950 | |
Whitehaven Coal Ltd. | 408,815 | 1,169,235 | |
Woodside Petroleum Ltd. | 570,057 | 21,835,677 | |
Woolworths Ltd. | 1,066,576 | 38,054,630 | |
WorleyParsons Ltd. | 180,914 | 4,922,928 | |
TOTAL AUSTRALIA | 915,568,200 | ||
Austria - 0.3% | |||
Andritz AG | 66,294 | 4,675,438 | |
Erste Bank AG | 182,968 | 5,894,213 | |
IMMOEAST AG (a)(d) | 321,410 | 4 | |
IMMOFINANZ Immobilien Anlagen AG | 803,952 | 3,363,966 | |
OMV AG | 133,560 | 5,813,471 | |
Osterreichische Elektrizitatswirtschafts AG | 56,701 | 1,178,494 | |
Raiffeisen International Bank-Holding AG (d) | 39,262 | 1,484,703 | |
Telekom Austria AG (d) | 265,993 | 1,757,172 | |
Vienna Insurance Group AG Wien | 27,880 | 1,411,907 | |
Voestalpine AG | 89,783 | 3,031,211 | |
TOTAL AUSTRIA | 28,610,579 | ||
Bailiwick of Guernsey - 0.0% | |||
Resolution Ltd. | 1,297,222 | 5,140,287 | |
Bailiwick of Jersey - 0.9% | |||
Experian PLC | 873,720 | 14,500,718 | |
Glencore International PLC (d) | 3,384,867 | 19,898,174 | |
Petrofac Ltd. | 220,467 | 4,863,041 | |
Randgold Resources Ltd. | 76,625 | 6,342,769 | |
Shire PLC | 485,300 | 15,184,136 | |
Wolseley PLC | 237,758 | 11,206,662 | |
WPP PLC | 1,093,921 | 17,430,450 | |
TOTAL BAILIWICK OF JERSEY | 89,425,950 | ||
Belgium - 1.2% | |||
Ageas | 200,273 | 6,820,351 | |
Anheuser-Busch InBev SA NV | 696,189 | 65,243,275 | |
Belgacom SA | 128,566 | 3,593,654 | |
Colruyt NV | 67,506 | 3,326,560 | |
Delhaize Group SA | 89,257 | 4,313,921 | |
Groupe Bruxelles Lambert SA | 69,152 | 5,524,318 | |
Common Stocks - continued | |||
Shares | Value | ||
Belgium - continued | |||
Groupe Bruxelles Lambert SA (strip VVPR) (a) | 2,466 | $ 3 | |
KBC Groupe SA | 206,797 | 7,670,240 | |
Solvay SA Class A | 50,561 | 7,224,785 | |
Telenet Group Holding NV | 47,942 | 2,454,493 | |
UCB SA | 96,221 | 5,558,744 | |
Umicore SA | 96,852 | 4,841,584 | |
TOTAL BELGIUM | 116,571,928 | ||
Bermuda - 0.4% | |||
Cheung Kong Infrastructure Holdings Ltd. | 437,450 | 2,868,164 | |
First Pacific Co. Ltd. | 1,748,000 | 2,312,456 | |
Kerry Properties Ltd. | 592,681 | 3,049,148 | |
Li & Fung Ltd. | 5,083,246 | 6,816,463 | |
Noble Group Ltd. | 3,320,890 | 3,177,693 | |
NWS Holdings Ltd. | 1,166,809 | 2,220,602 | |
Orient Overseas International Ltd. | 202,400 | 1,426,216 | |
Seadrill Ltd. | 312,992 | 11,389,557 | |
Shangri-La Asia Ltd. | 1,309,380 | 3,052,451 | |
Yue Yuen Industrial (Holdings) Ltd. | 632,000 | 2,135,025 | |
TOTAL BERMUDA | 38,447,775 | ||
Cayman Islands - 0.2% | |||
ASM Pacific Technology Ltd. | 167,729 | 2,210,261 | |
MGM China Holdings Ltd. | 893,600 | 2,159,222 | |
Sands China Ltd. | 2,093,600 | 9,974,537 | |
Wynn Macau Ltd. (a) | 1,336,000 | 3,522,771 | |
TOTAL CAYMAN ISLANDS | 17,866,791 | ||
Denmark - 1.2% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 475 | 3,655,861 | |
Series B | 1,142 | 9,133,361 | |
Carlsberg A/S Series B | 92,777 | 9,534,915 | |
Coloplast A/S Series B | 97,535 | 5,087,090 | |
Danske Bank A/S (a) | 568,635 | 10,582,914 | |
DSV de Sammensluttede Vognmaend A/S | 170,707 | 4,193,218 | |
Novo Nordisk A/S Series B | 353,177 | 61,747,431 | |
Novozymes A/S Series B | 213,876 | 7,455,413 | |
TDC A/S | 565,520 | 4,257,502 | |
Tryg A/S | 21,231 | 1,710,999 | |
William Demant Holding A/S (a) | 21,659 | 1,731,461 | |
TOTAL DENMARK | 119,090,165 | ||
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 125,068 | 2,635,380 | |
Fortum Corp. | 386,972 | 7,381,137 | |
Kesko Oyj | 53,062 | 1,657,753 | |
Kone Oyj (B Shares) (d) | 134,869 | 10,916,850 | |
Metso Corp. | 112,070 | 4,813,697 | |
Neste Oil Oyj (d) | 110,216 | 1,659,081 | |
Nokia Corp. (d) | 3,254,290 | 11,825,669 | |
| |||
Shares | Value | ||
Nokian Tyres PLC (d) | 95,794 | $ 4,353,473 | |
Orion Oyj (B Shares) | 82,822 | 2,454,512 | |
Pohjola Bank PLC (A Shares) | 118,064 | 1,872,782 | |
Sampo Oyj (A Shares) | 362,872 | 13,411,793 | |
Stora Enso Oyj (R Shares) | 494,305 | 3,323,500 | |
UPM-Kymmene Corp. | 454,455 | 5,313,124 | |
Wartsila Corp. | 143,368 | 6,625,963 | |
TOTAL FINLAND | 78,244,714 | ||
France - 8.5% | |||
Accor SA | 126,182 | 4,551,681 | |
Aeroports de Paris | 27,109 | 2,289,872 | |
Air Liquide SA | 20,551 | 2,500,589 | |
Air Liquide SA (a) | 14,110 | 1,716,866 | |
Alstom SA | 186,754 | 8,241,004 | |
Arkema SA | 55,338 | 5,622,225 | |
Atos Origin SA | 46,302 | 3,438,976 | |
AXA SA | 1,533,118 | 26,630,785 | |
BIC SA | 24,438 | 2,852,629 | |
BNP Paribas SA | 869,755 | 48,946,100 | |
Bouygues SA | 165,334 | 4,671,033 | |
Bureau Veritas SA | 48,408 | 6,243,436 | |
Cap Gemini SA | 132,914 | 6,541,058 | |
Carrefour SA | 522,108 | 14,232,603 | |
Casino Guichard Perrachon SA | 47,503 | 4,775,351 | |
Christian Dior SA | 47,519 | 7,937,817 | |
CNP Assurances | 137,441 | 2,045,572 | |
Compagnie de St. Gobain | 343,977 | 13,721,614 | |
Compagnie Generale de Geophysique SA (a) | 134,096 | 3,317,924 | |
Credit Agricole SA (a) | 872,801 | 8,204,294 | |
Danone SA | 501,545 | 34,828,390 | |
Dassault Systemes SA | 54,397 | 6,174,305 | |
Edenred SA | 145,701 | 5,040,828 | |
EDF SA | 26,606 | 503,143 | |
EDF SA (a) | 186,140 | 3,520,073 | |
Essilor International SA | 175,193 | 18,080,571 | |
Eurazeo SA | 27,368 | 1,492,454 | |
Eutelsat Communications | 116,173 | 4,185,324 | |
Fonciere Des Regions | 23,303 | 1,927,920 | |
France Telecom SA | 1,608,648 | 15,515,340 | |
GDF Suez | 1,150,909 | 21,757,203 | |
Gecina SA | 18,898 | 2,145,255 | |
Groupe Eurotunnel SA | 479,731 | 4,059,760 | |
ICADE | 19,465 | 1,749,907 | |
Iliad SA | 19,163 | 3,667,676 | |
Imerys | 27,771 | 1,871,557 | |
JCDecaux SA | 56,177 | 1,525,511 | |
Klepierre SA | 93,051 | 3,823,669 | |
L'Oreal SA | 14,012 | 2,095,505 | |
L'Oreal SA (a) | 179,277 | 26,811,010 | |
L'Oreal SA (a) | 17,567 | 2,627,158 | |
Lafarge SA | 142,806 | 9,627,781 | |
Lafarge SA (a) | 16,709 | 1,126,497 | |
Common Stocks - continued | |||
Shares | Value | ||
France - continued | |||
Lafarge SA (Bearer) | 5,225 | $ 352,262 | |
Lagardere S.C.A. (Reg.) | 101,081 | 3,607,959 | |
Legrand SA | 203,050 | 9,335,212 | |
LVMH Moet Hennessy - Louis Vuitton SA | 220,047 | 37,892,543 | |
Michelin CGDE Series B | 158,387 | 14,152,170 | |
Natixis SA | 782,511 | 3,261,992 | |
Pernod Ricard SA | 183,702 | 23,836,917 | |
Peugeot Citroen SA (a)(d) | 190,533 | 1,442,255 | |
PPR SA | 65,453 | 14,672,137 | |
Publicis Groupe SA | 154,289 | 10,196,488 | |
Remy Cointreau SA | 19,026 | 2,404,453 | |
Renault SA | 166,684 | 10,579,319 | |
Rexel SA | 128,505 | 2,979,590 | |
Safran SA | 200,058 | 9,162,395 | |
Sanofi SA | 1,033,015 | 97,555,724 | |
Schneider Electric SA | 456,208 | 35,092,891 | |
SCOR SE | 139,093 | 3,934,209 | |
Societe Generale Series A | 608,894 | 23,379,231 | |
Sodexo SA | 2,500 | 231,539 | |
Sodexo SA | 77,845 | 7,209,670 | |
Suez Environnement SA | 247,379 | 3,299,094 | |
Technip SA | 87,887 | 9,518,903 | |
Thales SA | 83,314 | 2,935,174 | |
Total SA | 1,846,116 | 92,168,666 | |
Unibail-Rodamco | 79,616 | 18,086,024 | |
Vallourec SA | 91,607 | 4,883,167 | |
Veolia Environnement SA | 310,104 | 3,895,193 | |
VINCI SA | 398,591 | 18,447,488 | |
Vivendi SA | 1,147,721 | 24,154,323 | |
Wendel SA | 28,542 | 3,143,507 | |
Zodiac Aerospace | 29,966 | 3,371,544 | |
TOTAL FRANCE | 847,820,305 | ||
Germany - 7.7% | |||
adidas AG | 181,180 | 16,510,460 | |
Allianz AG | 395,100 | 54,006,647 | |
Axel Springer Verlag | 35,536 | 1,674,824 | |
BASF AG | 796,623 | 75,069,449 | |
Bayer AG | 716,890 | 71,000,085 | |
Bayerische Motoren Werke AG (BMW) | 288,843 | 26,660,898 | |
Beiersdorf AG | 85,869 | 7,487,578 | |
Brenntag AG | 44,214 | 6,303,416 | |
Celesio AG | 76,523 | 1,383,679 | |
Commerzbank AG (a) | 3,231,118 | 5,960,580 | |
Continental AG | 95,371 | 11,194,839 | |
Daimler AG (Germany) | 786,641 | 46,897,916 | |
Deutsche Bank AG | 806,341 | 36,813,195 | |
Deutsche Boerse AG | 167,648 | 10,393,177 | |
Deutsche Lufthansa AG | 201,692 | 4,068,278 | |
Deutsche Post AG | 785,871 | 17,631,705 | |
Deutsche Telekom AG | 2,432,942 | 26,131,646 | |
E.ON AG | 1,562,068 | 26,083,387 | |
| |||
Shares | Value | ||
Fraport AG Frankfurt Airport Services Worldwide | 32,468 | $ 1,929,529 | |
Fresenius Medical Care AG & Co. KGaA | 183,287 | 12,561,525 | |
Fresenius SE & Co. KGaA | 108,160 | 13,293,348 | |
GEA Group AG | 150,876 | 5,372,525 | |
Hannover Rueckversicherungs AG | 53,214 | 4,163,549 | |
HeidelbergCement Finance AG | 122,457 | 8,444,531 | |
Henkel AG & Co. KGaA | 112,882 | 8,351,633 | |
Hochtief AG | 33,341 | 2,243,451 | |
Hugo Boss AG | 21,642 | 2,509,301 | |
Infineon Technologies AG | 925,476 | 7,927,362 | |
K&S AG (d) | 150,915 | 7,093,960 | |
Kabel Deutschland Holding AG | 77,467 | 6,718,534 | |
Lanxess AG | 72,795 | 6,169,835 | |
Linde AG | 160,883 | 29,174,667 | |
MAN SE | 36,161 | 4,154,479 | |
Merck KGaA | 55,975 | 7,892,441 | |
Metro AG | 112,232 | 3,472,630 | |
Muenchener Rueckversicherungs AG | 155,225 | 27,905,456 | |
RWE AG | 424,249 | 15,583,365 | |
Salzgitter AG | 37,143 | 1,772,142 | |
SAP AG | 797,804 | 62,300,785 | |
Siemens AG | 725,081 | 75,256,944 | |
Suedzucker AG (Bearer) | 68,638 | 3,006,427 | |
Thyssenkrupp AG (a) | 329,230 | 7,425,248 | |
United Internet AG | 89,127 | 2,102,039 | |
Volkswagen AG | 25,399 | 5,234,253 | |
TOTAL GERMANY | 777,331,718 | ||
Greece - 0.1% | |||
Coca-Cola Hellenic Bottling Co. SA | 170,135 | 4,642,303 | |
Greek Organization of Football Prognostics SA | 190,194 | 1,618,967 | |
TOTAL GREECE | 6,261,270 | ||
Hong Kong - 2.7% | |||
AIA Group Ltd. | 10,435,200 | 45,208,974 | |
Bank of East Asia Ltd. | 1,276,018 | 5,215,557 | |
BOC Hong Kong (Holdings) Ltd. | 3,193,566 | 10,767,929 | |
Cathay Pacific Airways Ltd. | 958,327 | 1,789,233 | |
Cheung Kong Holdings Ltd. | 1,203,449 | 18,713,697 | |
CLP Holdings Ltd. | 1,520,157 | 13,083,511 | |
Galaxy Entertainment Group Ltd. (a) | 1,841,000 | 7,726,617 | |
Hang Lung Properties Ltd. | 2,074,423 | 8,037,600 | |
Hang Seng Bank Ltd. | 654,901 | 10,589,069 | |
Henderson Land Development Co. Ltd. | 874,608 | 6,084,004 | |
HKT Trust / HKT Ltd. unit | 1,905,000 | 1,861,868 | |
Hong Kong & China Gas Co. Ltd. | 4,490,375 | 12,563,972 | |
Hong Kong Exchanges and Clearing Ltd. | 944,461 | 16,988,023 | |
Hopewell Holdings Ltd. | 500,000 | 2,185,518 | |
Hutchison Whampoa Ltd. | 1,838,158 | 19,802,220 | |
Hysan Development Co. Ltd. | 520,677 | 2,678,711 | |
Link (REIT) | 1,978,502 | 10,574,154 | |
MTR Corp. Ltd. | 1,256,951 | 5,186,244 | |
Common Stocks - continued | |||
Shares | Value | ||
Hong Kong - continued | |||
New World Development Co. Ltd. | 3,129,842 | $ 5,762,822 | |
PCCW Ltd. | 3,395,000 | 1,615,291 | |
Power Assets Holdings Ltd. | 1,199,676 | 10,696,477 | |
Sino Land Ltd. | 2,514,689 | 4,571,808 | |
SJM Holdings Ltd. | 1,656,000 | 4,138,078 | |
Sun Hung Kai Properties Ltd. | 1,354,611 | 20,959,477 | |
Swire Pacific Ltd. (A Shares) | 614,384 | 7,929,733 | |
Swire Properties Ltd. | 984,600 | 3,681,649 | |
Wharf Holdings Ltd. | 1,308,585 | 11,439,742 | |
Wheelock and Co. Ltd. | 771,000 | 4,210,100 | |
Wing Hang Bank Ltd. | 148,843 | 1,651,444 | |
TOTAL HONG KONG | 275,713,522 | ||
Ireland - 0.3% | |||
CRH PLC | 622,245 | 13,528,870 | |
Elan Corp. PLC (a) | 424,537 | 4,774,425 | |
Irish Bank Resolution Corp. Ltd. (a) | 331,052 | 4 | |
James Hardie Industries PLC CDI | 383,265 | 3,836,563 | |
Kerry Group PLC Class A | 125,549 | 7,041,595 | |
Prothena Corp. PLC (a)(d) | 10,110 | 62,379 | |
Ryanair Holdings PLC | 262,563 | 1,937,524 | |
TOTAL IRELAND | 31,181,360 | ||
Isle of Man - 0.1% | |||
Genting Singapore PLC | 5,270,859 | 6,703,491 | |
Israel - 0.5% | |||
Bank Hapoalim BM (Reg.) (a) | 912,772 | 4,048,026 | |
Bank Leumi le-Israel BM (a) | 1,116,415 | 3,980,164 | |
Bezeq Israeli Telecommunication Corp. Ltd. | 1,597,115 | 2,047,060 | |
Delek Group Ltd. | 3,486 | 922,247 | |
Israel Chemicals Ltd. | 389,627 | 5,035,906 | |
Israel Corp. Ltd. (Class A) | 1,888 | 1,356,361 | |
Mellanox Technologies Ltd. (a) | 29,545 | 1,523,492 | |
Mizrahi Tefahot Bank Ltd. (a) | 97,636 | 1,025,063 | |
NICE Systems Ltd. (a) | 48,473 | 1,708,644 | |
Teva Pharmaceutical Industries Ltd. | 772,673 | 28,931,543 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR | 16,684 | 623,982 | |
TOTAL ISRAEL | 51,202,488 | ||
Italy - 1.9% | |||
Assicurazioni Generali SpA | 1,009,026 | 16,361,287 | |
Atlantia SpA | 284,474 | 4,920,984 | |
Banca Monte dei Paschi di Siena SpA (a)(d) | 5,639,059 | 1,553,397 | |
Banco Popolare Societa Cooperativa (a) | 1,539,725 | 2,597,163 | |
Enel Green Power SpA | 1,523,214 | 2,817,892 | |
Enel SpA | 5,704,740 | 20,645,366 | |
ENI SpA | 2,203,584 | 50,153,078 | |
EXOR SpA | 54,091 | 1,515,473 | |
Fiat Industrial SpA | 741,158 | 9,013,369 | |
Fiat SpA (d) | 781,109 | 4,191,283 | |
| |||
Shares | Value | ||
Finmeccanica SpA (a) | 348,723 | $ 1,714,567 | |
Intesa Sanpaolo SpA | 8,704,539 | 14,125,714 | |
Intesa Sanpaolo SpA (Risparmio Shares) | 871,602 | 1,206,195 | |
Luxottica Group SpA | 140,726 | 6,564,795 | |
Mediobanca SpA | 444,082 | 2,700,575 | |
Pirelli & C SpA (d) | 209,953 | 2,438,156 | |
Prysmian SpA | 178,628 | 3,892,238 | |
Saipem SpA | 234,382 | 6,266,827 | |
Snam Rete Gas SpA | 1,465,188 | 6,947,566 | |
Telecom Italia SpA | 8,059,353 | 5,926,808 | |
Terna SpA | 1,129,054 | 4,719,865 | |
UniCredit SpA (a) | 3,509,033 | 17,830,101 | |
Unione di Banche Italiane SCPA | 753,495 | 3,450,909 | |
TOTAL ITALY | 191,553,608 | ||
Japan - 20.1% | |||
ABC-Mart, Inc. | 22,100 | 771,318 | |
ACOM Co. Ltd. (a) | 34,000 | 841,838 | |
Advantest Corp. | 126,490 | 1,814,993 | |
Aeon Co. Ltd. | 515,300 | 5,792,886 | |
AEON Credit Service Co. Ltd. (d) | 69,300 | 1,613,436 | |
AEON Mall Co. Ltd. | 64,200 | 1,591,667 | |
Air Water, Inc. | 125,000 | 1,693,818 | |
Aisin Seiki Co. Ltd. | 164,700 | 5,961,468 | |
Ajinomoto Co., Inc. | 564,866 | 7,489,700 | |
Alfresa Holdings Corp. | 34,700 | 1,708,982 | |
All Nippon Airways Ltd. | 989,000 | 2,027,295 | |
Amada Co. Ltd. | 303,000 | 1,977,721 | |
Aozora Bank Ltd. | 922,000 | 2,795,145 | |
Asahi Glass Co. Ltd. | 857,677 | 5,829,501 | |
Asahi Group Holdings | 332,603 | 8,396,709 | |
Asahi Kasei Corp. | 1,104,727 | 6,531,345 | |
Asics Corp. | 125,100 | 1,965,105 | |
Astellas Pharma, Inc. | 385,600 | 20,842,118 | |
Bank of Kyoto Ltd. | 276,000 | 2,411,911 | |
Bank of Yokohama Ltd. | 1,056,084 | 5,434,805 | |
Benesse Holdings, Inc. | 58,800 | 2,439,163 | |
Bridgestone Corp. | 564,779 | 17,329,069 | |
Brother Industries Ltd. | 195,800 | 2,049,045 | |
Calbee, Inc. | 13,800 | 1,176,179 | |
Canon, Inc. | 983,244 | 35,582,978 | |
Casio Computer Co. Ltd. (d) | 197,900 | 1,567,144 | |
Central Japan Railway Co. | 125,500 | 12,199,320 | |
Chiba Bank Ltd. | 638,674 | 4,072,244 | |
Chiyoda Corp. | 136,000 | 1,697,616 | |
Chubu Electric Power Co., Inc. | 569,864 | 7,144,049 | |
Chugai Pharmaceutical Co. Ltd. | 188,725 | 4,082,356 | |
Chugoku Electric Power Co., Inc.(THE) | 260,400 | 3,272,910 | |
Citizen Holdings Co. Ltd. | 222,266 | 1,206,169 | |
Coca-Cola West Co. Ltd. | 47,500 | 813,275 | |
Cosmo Oil Co. Ltd. | 472,000 | 1,110,109 | |
Credit Saison Co. Ltd. | 133,552 | 2,838,466 | |
Dai Nippon Printing Co. Ltd. | 475,242 | 4,178,684 | |
Dai-ichi Mutual Life Insurance Co. | 7,387 | 10,360,448 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Daicel Chemical Industries Ltd. | 260,000 | $ 2,000,000 | |
Daido Steel Co. Ltd. | 236,000 | 1,255,238 | |
Daihatsu Motor Co. Ltd. | 171,000 | 3,473,870 | |
Daiichi Sankyo Kabushiki Kaisha | 583,970 | 10,452,111 | |
Daikin Industries Ltd. | 203,494 | 7,541,287 | |
Dainippon Sumitomo Pharma Co. Ltd. | 141,600 | 2,045,554 | |
Daito Trust Construction Co. Ltd. | 63,563 | 5,691,799 | |
Daiwa House Industry Co. Ltd. | 446,184 | 8,192,957 | |
Daiwa Securities Group, Inc. | 1,450,985 | 8,969,839 | |
DeNA Co. Ltd. (d) | 91,100 | 2,555,400 | |
Denki Kagaku Kogyo KK | 417,358 | 1,589,463 | |
Denso Corp. | 422,238 | 17,720,420 | |
Dentsu, Inc. | 154,000 | 4,791,628 | |
Don Quijote Co. Ltd. | 45,600 | 1,795,663 | |
East Japan Railway Co. | 291,700 | 21,525,817 | |
Eisai Co. Ltd. | 216,078 | 9,627,814 | |
Electric Power Development Co. Ltd. | 97,180 | 2,495,290 | |
FamilyMart Co. Ltd. | 53,900 | 2,270,790 | |
Fanuc Corp. | 166,272 | 25,669,999 | |
Fast Retailing Co. Ltd. | 46,000 | 12,620,347 | |
Fuji Electric Co. Ltd. | 486,153 | 1,389,908 | |
Fuji Heavy Industries Ltd. | 505,000 | 7,551,300 | |
Fujifilm Holdings Corp. | 402,805 | 7,735,385 | |
Fujitsu Ltd. | 1,634,075 | 7,510,151 | |
Fukuoka Financial Group, Inc. | 648,300 | 2,944,593 | |
Furukawa Electric Co. Ltd. (a) | 532,790 | 1,207,098 | |
Fyushu Electric Power Co., Inc. | 361,870 | 3,470,735 | |
GREE, Inc. (d) | 75,900 | 923,672 | |
GS Yuasa Corp. (d) | 301,000 | 1,305,448 | |
Gunma Bank Ltd. | 320,663 | 1,743,599 | |
Hakuhodo DY Holdings, Inc. | 19,920 | 1,512,966 | |
Hamamatsu Photonics K.K. | 60,400 | 2,398,015 | |
Hankyu Hanshin Holdings, Inc. | 1,010,000 | 5,546,337 | |
Hino Motors Ltd. | 228,000 | 2,408,156 | |
Hirose Electric Co. Ltd. | 27,198 | 3,286,413 | |
Hiroshima Bank Ltd. | 418,000 | 1,754,256 | |
Hisamitsu Pharmaceutical Co., Inc. | 52,400 | 3,035,797 | |
Hitachi Chemical Co. Ltd. | 87,200 | 1,195,719 | |
Hitachi Construction Machinery Co. Ltd. | 91,100 | 2,092,479 | |
Hitachi High-Technologies Corp. | 57,600 | 1,190,653 | |
Hitachi Ltd. | 4,090,271 | 22,946,821 | |
Hitachi Metals Ltd. | 143,000 | 1,337,588 | |
Hokkaido Electric Power Co., Inc. | 150,800 | 1,335,708 | |
Hokuriku Electric Power Co., Inc. | 147,500 | 1,694,762 | |
Honda Motor Co. Ltd. | 1,414,260 | 52,891,351 | |
Hoya Corp. | 377,716 | 7,245,431 | |
Hulic Co. Ltd. | 239,400 | 1,795,048 | |
Ibiden Co. Ltd. | 100,400 | 1,571,695 | |
Idemitsu Kosan Co. Ltd. | 19,700 | 1,791,682 | |
INPEX Corp. | 1,915 | 10,185,511 | |
Isetan Mitsukoshi Holdings Ltd. | 301,587 | 3,338,313 | |
| |||
Shares | Value | ||
Ishikawajima-Harima Heavy Industries Co. Ltd. | 1,170,185 | $ 3,282,426 | |
Isuzu Motors Ltd. | 1,025,000 | 6,303,269 | |
Itochu Corp. | 1,307,386 | 15,092,275 | |
ITOCHU Techno-Solutions Corp. | 23,600 | 1,031,179 | |
Iyo Bank Ltd. | 212,000 | 1,806,883 | |
J Front Retailing Co. Ltd. | 423,800 | 2,505,582 | |
Japan Airlines Co. Ltd. | 49,900 | 2,368,756 | |
Japan Petroleum Exploration Co. Ltd. | 28,300 | 1,073,196 | |
Japan Prime Realty Investment Corp. | 680 | 2,002,071 | |
Japan Real Estate Investment Corp. | 511 | 5,606,721 | |
Japan Retail Fund Investment Corp. | 1,753 | 3,426,946 | |
Japan Steel Works Ltd. | 257,000 | 1,502,794 | |
Japan Tobacco, Inc. | 781,000 | 24,645,862 | |
JFE Holdings, Inc. | 429,075 | 9,198,101 | |
JGC Corp. | 181,117 | 4,998,352 | |
Joyo Bank Ltd. | 553,941 | 2,767,016 | |
JSR Corp. | 155,016 | 3,160,861 | |
JTEKT Corp. | 185,500 | 1,849,196 | |
Jupiter Telecommunications Co. | 1,845 | 2,448,322 | |
JX Holdings, Inc. | 1,948,668 | 11,899,299 | |
Kajima Corp. | 759,317 | 2,244,609 | |
Kamigumi Co. Ltd. | 210,663 | 1,825,034 | |
Kaneka Corp. | 245,559 | 1,359,065 | |
Kansai Electric Power Co., Inc. | 643,136 | 5,550,855 | |
Kansai Paint Co. Ltd. | 187,000 | 1,981,163 | |
Kao Corp. | 456,650 | 14,602,552 | |
Kawasaki Heavy Industries Ltd. | 1,202,945 | 3,828,555 | |
KDDI Corp. | 233,500 | 17,533,282 | |
Keihin Electric Express Railway Co. Ltd. | 391,061 | 3,455,378 | |
Keio Corp. | 489,410 | 3,912,534 | |
Keisei Electric Railway Co. | 236,000 | 2,253,317 | |
Keyence Corp. | 39,562 | 11,144,285 | |
Kikkoman Corp. | 145,849 | 2,267,433 | |
Kinden Corp. | 102,000 | 676,772 | |
Kintetsu Corp. (d) | 1,380,100 | 5,806,872 | |
Kirin Holdings Co. Ltd. | 758,256 | 11,002,851 | |
Kobe Steel Ltd. (a) | 2,116,000 | 2,853,598 | |
Koito Manufacturing Co. Ltd. | 79,000 | 1,287,830 | |
Komatsu Ltd. | 810,245 | 20,437,509 | |
Konami Corp. | 89,000 | 1,729,302 | |
Konica Minolta Holdings, Inc. | 421,500 | 3,219,571 | |
Kubota Corp. | 952,864 | 11,503,450 | |
Kuraray Co. Ltd. | 305,186 | 4,148,607 | |
Kurita Water Industries Ltd. | 98,200 | 1,962,093 | |
Kyocera Corp. | 133,002 | 11,565,391 | |
Kyowa Hakko Kirin Co., Ltd. | 221,689 | 2,322,365 | |
Lawson, Inc. | 53,016 | 3,940,881 | |
LIXIL Group Corp. | 227,959 | 4,672,803 | |
Mabuchi Motor Co. Ltd. | 20,821 | 1,024,315 | |
Makita Corp. | 98,200 | 4,449,671 | |
Marubeni Corp. | 1,433,244 | 10,468,294 | |
Marui Group Co. Ltd. | 181,449 | 1,548,453 | |
Maruichi Steel Tube Ltd. | 41,700 | 1,019,893 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Mazda Motor Corp. (a) | 2,309,000 | $ 6,950,167 | |
McDonald's Holdings Co. (Japan) Ltd. | 53,800 | 1,347,757 | |
Medipal Holdings Corp. | 126,100 | 1,629,818 | |
Meiji Holdings Co. Ltd. | 54,129 | 2,330,076 | |
Miraca Holdings, Inc. | 47,400 | 2,288,435 | |
Mitsubishi Chemical Holdings Corp. | 1,155,775 | 5,424,125 | |
Mitsubishi Corp. | 1,220,202 | 24,209,207 | |
Mitsubishi Electric Corp. | 1,678,106 | 13,668,896 | |
Mitsubishi Estate Co. Ltd. | 1,084,723 | 27,033,230 | |
Mitsubishi Gas Chemical Co., Inc. | 327,867 | 2,320,431 | |
Mitsubishi Heavy Industries Ltd. | 2,633,256 | 14,602,369 | |
Mitsubishi Logistics Corp. | 113,000 | 1,837,210 | |
Mitsubishi Materials Corp. | 935,937 | 2,847,494 | |
Mitsubishi Motors Corp. of Japan (a) | 3,585,000 | 3,945,086 | |
Mitsubishi Tanabe Pharma Corp. | 187,300 | 2,657,239 | |
Mitsubishi UFJ Financial Group, Inc. | 11,056,230 | 61,278,361 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 50,660 | 2,341,980 | |
Mitsui & Co. Ltd. | 1,510,123 | 22,385,467 | |
Mitsui Chemicals, Inc. | 745,683 | 1,769,881 | |
Mitsui Fudosan Co. Ltd. | 725,677 | 18,460,959 | |
Mitsui OSK Lines Ltd. | 938,285 | 3,289,919 | |
Mizuho Financial Group, Inc. | 19,828,000 | 43,610,133 | |
MS&AD Insurance Group Holdings, Inc. | 467,884 | 9,681,751 | |
Murata Manufacturing Co. Ltd. | 176,354 | 11,358,651 | |
Nabtesco Corp. | 92,600 | 1,707,341 | |
Namco Bandai Holdings, Inc. | 158,950 | 2,527,698 | |
NEC Corp. (a) | 2,282,951 | 5,640,261 | |
Nexon Co. Ltd. | 106,900 | 969,931 | |
NGK Insulators Ltd. | 232,309 | 2,506,300 | |
NGK Spark Plug Co. Ltd. | 150,000 | 2,278,563 | |
NHK Spring Co. Ltd. | 132,700 | 1,155,345 | |
Nidec Corp. (d) | 94,042 | 5,532,786 | |
Nikon Corp. | 291,638 | 6,544,471 | |
Nintendo Co. Ltd. | 92,796 | 8,976,889 | |
Nippon Building Fund, Inc. | 599 | 6,701,510 | |
Nippon Electric Glass Co. Ltd. | 328,000 | 1,613,637 | |
Nippon Express Co. Ltd. | 748,546 | 3,286,851 | |
Nippon Meat Packers, Inc. | 154,740 | 2,417,343 | |
Nippon Paper Group, Inc. (d) | 83,100 | 1,447,010 | |
Nippon Steel Corp. | 6,594,636 | 17,857,952 | |
Nippon Telegraph & Telephone Corp. | 379,100 | 17,322,100 | |
Nippon Yusen KK | 1,352,578 | 3,400,050 | |
Nishi-Nippon City Bank Ltd. | 560,000 | 1,468,120 | |
Nissan Motor Co. Ltd. | 2,157,548 | 21,858,800 | |
Nisshin Seifun Group, Inc. | 167,090 | 2,192,053 | |
Nissin Food Holdings Co. Ltd. | 49,723 | 1,976,796 | |
Nitori Holdings Co. Ltd. | 32,000 | 2,385,586 | |
Nitto Denko Corp. | 143,594 | 8,443,060 | |
NKSJ Holdings, Inc. | 326,903 | 6,923,191 | |
NOK Corp. | 83,500 | 1,151,289 | |
Nomura Holdings, Inc. | 3,152,747 | 18,087,026 | |
Nomura Real Estate Holdings, Inc. | 85,200 | 1,530,456 | |
| |||
Shares | Value | ||
Nomura Real Estate Office Fund, Inc. | 233 | $ 1,430,327 | |
Nomura Research Institute Ltd. | 84,600 | 1,916,712 | |
NSK Ltd. | 371,576 | 2,898,365 | |
NTT Data Corp. | 1,063 | 3,375,131 | |
NTT DoCoMo, Inc. | 13,262 | 20,502,880 | |
NTT Urban Development Co. | 953 | 970,581 | |
Obayashi Corp. | 547,704 | 2,818,587 | |
Odakyu Electric Railway Co. Ltd. | 546,000 | 5,761,010 | |
Oji Holdings Corp. | 699,352 | 2,663,408 | |
Olympus Corp. (a) | 197,229 | 4,325,888 | |
Omron Corp. | 174,060 | 4,215,824 | |
Ono Pharmaceutical Co. Ltd. | 70,300 | 3,731,535 | |
Oracle Corp. Japan | 31,300 | 1,316,970 | |
Oriental Ld Co. Ltd. | 43,556 | 6,433,074 | |
ORIX Corp. | 91,888 | 10,230,706 | |
Osaka Gas Co. Ltd. | 1,604,525 | 6,231,837 | |
Osaka Securities Exchange Co. Ltd. | 44,300 | 3,374,237 | |
Otsuka Corp. | 13,500 | 1,370,536 | |
Otsuka Holdings Co. Ltd. | 316,700 | 10,140,960 | |
Panasonic Corp. | 1,914,273 | 13,772,169 | |
Park24 Co. Ltd. | 82,700 | 1,511,423 | |
Rakuten, Inc. | 620,100 | 5,358,724 | |
Resona Holdings, Inc. | 1,651,700 | 7,573,336 | |
Ricoh Co. Ltd. | 565,770 | 6,067,271 | |
Rinnai Corp. | 27,200 | 1,951,451 | |
ROHM Co. Ltd. | 81,244 | 2,879,345 | |
Sankyo Co. Ltd. (Gunma) | 43,000 | 1,811,576 | |
Sanrio Co. Ltd. (d) | 38,700 | 1,530,214 | |
Santen Pharmaceutical Co. Ltd. | 62,400 | 2,793,829 | |
SBI Holdings, Inc. Japan | 201,060 | 1,596,506 | |
Secom Co. Ltd. | 182,067 | 9,349,864 | |
Sega Sammy Holdings, Inc. | 176,300 | 3,254,389 | |
Sekisui Chemical Co. Ltd. | 372,293 | 3,610,868 | |
Sekisui House Ltd. | 463,467 | 5,365,197 | |
Seven & i Holdings Co., Ltd. | 653,600 | 19,081,255 | |
Seven Bank Ltd. | 487,400 | 1,283,047 | |
Sharp Corp. (d) | 844,675 | 2,679,193 | |
Shikoku Electric Power Co., Inc. | 149,100 | 1,825,747 | |
Shimadzu Corp. | 210,000 | 1,327,651 | |
Shimamura Co. Ltd. | 18,300 | 1,869,684 | |
SHIMANO, Inc. | 63,000 | 4,519,905 | |
SHIMIZU Corp. | 534,416 | 1,718,157 | |
Shin-Etsu Chemical Co., Ltd. | 356,462 | 21,920,739 | |
Shinsei Bank Ltd. | 1,281,000 | 2,819,333 | |
Shionogi & Co. Ltd. | 263,391 | 5,367,845 | |
Shiseido Co. Ltd. | 306,750 | 4,067,275 | |
Shizuoka Bank Ltd. | 505,274 | 5,020,578 | |
Showa Denko KK | 1,226,336 | 1,905,193 | |
Showa Shell Sekiyu KK | 170,600 | 1,235,005 | |
SMC Corp. | 46,171 | 8,009,814 | |
So-net M3, Inc. | 534 | 919,478 | |
Softbank Corp. | 822,030 | 30,463,620 | |
Sojitz Corp. | 1,018,500 | 1,560,330 | |
Sony Corp. (d) | 872,285 | 12,722,762 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Sony Financial Holdings, Inc. | 148,200 | $ 2,340,757 | |
Stanley Electric Co. Ltd. | 124,125 | 2,161,374 | |
Sumco Corp. | 92,200 | 922,099 | |
Sumitomo Chemical Co. Ltd. | 1,267,334 | 3,746,353 | |
Sumitomo Corp. | 977,542 | 11,959,571 | |
Sumitomo Electric Industries Ltd. | 658,106 | 7,668,081 | |
Sumitomo Heavy Industries Ltd. | 460,822 | 2,033,404 | |
Sumitomo Metal Mining Co. Ltd. | 447,065 | 7,046,736 | |
Sumitomo Mitsui Financial Group, Inc. | 1,165,400 | 46,510,051 | |
Sumitomo Mitsui Trust Holdings, Inc. | 2,679,722 | 10,407,810 | |
Sumitomo Realty & Development Co. Ltd. | 309,000 | 10,451,127 | |
Sumitomo Rubber Industries Ltd. | 144,000 | 2,243,349 | |
Suzuken Co. Ltd. | 59,760 | 2,079,253 | |
Suzuki Motor Corp. | 311,900 | 7,460,161 | |
Sysmex Corp. | 63,500 | 3,329,485 | |
T&D Holdings, Inc. | 508,800 | 6,038,192 | |
Taiheiyo Cement Corp. | 995,000 | 2,458,248 | |
Taisei Corp. | 861,594 | 2,546,949 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 31,557 | 2,175,523 | |
Taiyo Nippon Sanso Corp. | 203,000 | 1,425,752 | |
Takashimaya Co. Ltd. | 239,000 | 1,871,982 | |
Takeda Pharmaceutical Co. Ltd. | 685,142 | 35,443,476 | |
TDK Corp. | 104,525 | 3,608,588 | |
Teijin Ltd. | 773,341 | 1,793,811 | |
Terumo Corp. | 140,812 | 6,183,028 | |
The Chugoku Bank Ltd. | 149,000 | 2,184,605 | |
The Hachijuni Bank Ltd. | 362,000 | 1,937,124 | |
The Suruga Bank Ltd. | 176,000 | 2,586,169 | |
THK Co. Ltd. | 100,800 | 1,882,455 | |
Tobu Railway Co. Ltd. | 874,297 | 4,801,135 | |
Toho Co. Ltd. | 107,554 | 2,067,766 | |
Toho Gas Co. Ltd. | 344,000 | 1,900,183 | |
Tohoku Electric Power Co., Inc. (a) | 380,090 | 2,940,172 | |
Tokio Marine Holdings, Inc. | 604,500 | 17,073,912 | |
Tokyo Electric Power Co. (a) | 1,266,918 | 2,870,350 | |
Tokyo Electron Ltd. | 150,618 | 6,987,349 | |
Tokyo Gas Co. Ltd. | 2,150,395 | 10,393,537 | |
Tokyu Corp. | 966,954 | 5,789,831 | |
Tokyu Land Corp. | 357,000 | 2,696,084 | |
TonenGeneral Sekiyu KK | 234,856 | 2,331,077 | |
Toppan Printing Co. Ltd. | 474,013 | 3,191,111 | |
Toray Industries, Inc. | 1,276,883 | 7,866,007 | |
Toshiba Corp. | 3,491,880 | 16,086,231 | |
Toto Ltd. | 243,185 | 2,198,609 | |
Toyo Seikan Kaisha Ltd. | 136,000 | 1,976,394 | |
Toyo Suisan Kaisha Ltd. | 80,000 | 2,343,295 | |
Toyoda Gosei Co. Ltd. | 56,700 | 1,309,685 | |
Toyota Boshoku Corp. | 55,400 | 755,482 | |
Toyota Industries Corp. | 147,686 | 5,273,931 | |
Toyota Motor Corp. | 2,392,651 | 122,885,559 | |
Toyota Tsusho Corp. | 185,200 | 4,719,413 | |
Trend Micro, Inc. | 92,700 | 2,620,283 | |
| |||
Shares | Value | ||
Tsumura & Co. | 52,700 | $ 1,844,983 | |
Ube Industries Ltd. | 843,605 | 1,783,866 | |
Unicharm Corp. | 98,280 | 5,693,857 | |
Ushio, Inc. | 85,500 | 939,033 | |
USS Co. Ltd. | 19,780 | 2,174,541 | |
West Japan Railway Co. | 146,800 | 6,485,554 | |
Yahoo! Japan Corp. | 12,454 | 5,273,703 | |
Yakult Honsha Co. Ltd. (d) | 84,466 | 3,139,339 | |
Yamada Denki Co. Ltd. (d) | 75,825 | 2,756,826 | |
Yamaguchi Financial Group, Inc. | 184,000 | 1,719,107 | |
Yamaha Corp. | 144,743 | 1,438,217 | |
Yamaha Motor Co. Ltd. | 237,900 | 2,843,815 | |
Yamato Holdings Co. Ltd. | 322,832 | 5,402,011 | |
Yamato Kogyo Co. Ltd. | 39,700 | 1,136,305 | |
Yamazaki Baking Co. Ltd. | 95,000 | 1,200,183 | |
Yaskawa Electric Corp. | 174,000 | 1,569,360 | |
Yokogawa Electric Corp. | 190,200 | 1,910,413 | |
TOTAL JAPAN | 2,012,306,971 | ||
Luxembourg - 0.4% | |||
ArcelorMittal SA (Netherlands) | 866,483 | 12,972,706 | |
Millicom International Cellular SA (depository receipt) | 54,428 | 4,270,991 | |
SES SA FDR (France) unit | 265,156 | 8,162,793 | |
Subsea 7 SA | 244,665 | 5,783,448 | |
Tenaris SA | 410,374 | 8,443,637 | |
TOTAL LUXEMBOURG | 39,633,575 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a) | 5,796,476 | 76 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 6,459,680 | 3,390,497 | |
Netherlands - 2.7% | |||
AEGON NV | 1,535,121 | 9,138,043 | |
Akzo Nobel NV | 206,175 | 13,170,575 | |
ASML Holding NV (Netherlands) | 273,067 | 19,381,276 | |
Corio NV | 54,555 | 2,516,710 | |
D.E. Master Blenders 1753 NV (a) | 499,397 | 6,018,499 | |
Delta Lloyd NV | 151,351 | 2,679,406 | |
European Aeronautic Defence and Space Co. (EADS) NV | 394,396 | 20,173,927 | |
Fugro NV (Certificaten Van Aandelen) | 58,718 | 2,797,681 | |
Gemalto NV | 69,209 | 6,301,414 | |
Heineken Holding NV (A Shares) | 93,458 | 5,856,676 | |
Heineken NV (Bearer) | 198,947 | 14,854,259 | |
ING Groep NV (Certificaten Van Aandelen) (a) | 3,312,123 | 26,516,269 | |
Koninklijke Ahold NV | 879,087 | 12,624,612 | |
Koninklijke Boskalis Westminster NV | 62,454 | 2,676,038 | |
Koninklijke KPN NV (d) | 884,593 | 3,018,857 | |
Koninklijke Philips Electronics NV | 847,093 | 23,931,565 | |
QIAGEN NV (a) | 201,076 | 4,273,740 | |
Randstad Holding NV | 101,052 | 4,296,250 | |
Common Stocks - continued | |||
Shares | Value | ||
Netherlands - continued | |||
Reed Elsevier NV | 586,731 | $ 8,916,317 | |
Royal DSM NV | 134,271 | 7,860,340 | |
STMicroelectronics NV | 548,997 | 4,371,542 | |
TNT Express NV | 270,471 | 2,048,058 | |
Unilever NV (Certificaten Van Aandelen) (Bearer) | 1,406,935 | 54,562,905 | |
Vopak NV | 60,401 | 4,345,783 | |
Wolters Kluwer NV (Certificaten Van Aandelen) | 250,592 | 4,992,467 | |
Ziggo NV | 101,123 | 3,419,347 | |
TOTAL NETHERLANDS | 270,742,556 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 745,860 | 1,744,985 | |
Contact Energy Ltd. | 295,135 | 1,315,096 | |
Fletcher Building Ltd. | 582,032 | 4,402,668 | |
Sky City Entertainment Group Ltd. | 556,571 | 1,955,498 | |
Telecom Corp. of New Zealand Ltd. | 1,640,384 | 3,281,775 | |
TOTAL NEW ZEALAND | 12,700,022 | ||
Norway - 0.7% | |||
Aker Solutions ASA | 141,961 | 2,796,835 | |
DnB NOR ASA | 841,986 | 12,540,248 | |
Gjensidige Forsikring ASA | 168,366 | 2,690,888 | |
Norsk Hydro ASA | 813,467 | 3,599,223 | |
Orkla ASA (A Shares) | 651,421 | 5,332,150 | |
StatoilHydro ASA | 963,836 | 23,926,932 | |
Telenor ASA | 607,154 | 13,072,314 | |
Yara International ASA | 162,047 | 7,745,692 | |
TOTAL NORWAY | 71,704,282 | ||
Portugal - 0.2% | |||
Banco Espirito Santo SA (Reg.) (a)(d) | 1,742,100 | 2,094,721 | |
Energias de Portugal SA | 1,682,156 | 5,046,727 | |
Galp Energia SGPS SA Class B | 236,440 | 3,648,648 | |
Jeronimo Martins SGPS SA | 186,403 | 3,714,867 | |
Portugal Telecom SGPS SA (Reg.) (d) | 519,863 | 2,626,084 | |
TOTAL PORTUGAL | 17,131,047 | ||
Singapore - 1.6% | |||
Ascendas Real Estate Investment Trust | 1,606,183 | 3,333,245 | |
CapitaCommercial Trust (REIT) | 1,675,000 | 2,245,236 | |
CapitaLand Ltd. | 2,240,437 | 7,073,731 | |
CapitaMall Trust | 2,049,200 | 3,557,639 | |
CapitaMalls Asia Ltd. | 1,166,000 | 1,958,398 | |
City Developments Ltd. | 429,000 | 3,869,453 | |
ComfortDelgro Corp. Ltd. | 1,642,784 | 2,546,952 | |
DBS Group Holdings Ltd. | 1,585,020 | 19,339,189 | |
Global Logistic Properties Ltd. | 1,872,000 | 3,839,535 | |
Hutchison Port Holdings Trust | 4,574,000 | 3,704,940 | |
Jardine Cycle & Carriage Ltd. | 93,267 | 3,886,125 | |
Keppel Corp. Ltd. | 1,252,400 | 11,771,589 | |
Keppel Ld Ltd. | 672,000 | 2,257,364 | |
| |||
Shares | Value | ||
Olam International Ltd. | 1,348,700 | $ 1,813,296 | |
Oversea-Chinese Banking Corp. Ltd. | 2,234,793 | 18,226,267 | |
SembCorp Industries Ltd. | 838,130 | 3,580,190 | |
SembCorp Marine Ltd. | 749,800 | 2,718,509 | |
Singapore Airlines Ltd. | 451,425 | 3,969,653 | |
Singapore Exchange Ltd. | 732,000 | 4,492,248 | |
Singapore Press Holdings Ltd. | 1,419,021 | 4,789,654 | |
Singapore Technologies Engineering Ltd. | 1,314,161 | 4,510,000 | |
Singapore Telecommunications Ltd. | 6,915,827 | 19,210,631 | |
StarHub Ltd. | 520,000 | 1,759,367 | |
United Overseas Bank Ltd. | 1,101,829 | 16,975,854 | |
UOL Group Ltd. | 382,984 | 2,013,264 | |
Wilmar International Ltd. | 1,663,000 | 4,767,159 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,681,000 | 1,309,888 | |
TOTAL SINGAPORE | 159,519,376 | ||
Spain - 2.9% | |||
Abertis Infraestructuras SA | 324,996 | 5,711,058 | |
ACS Actividades de Construccion y Servicios SA (d) | 119,956 | 2,850,276 | |
Amadeus IT Holding SA Class A | 273,293 | 6,993,234 | |
Banco Bilbao Vizcaya Argentaria SA | 4,721,768 | 45,741,308 | |
Banco de Sabadell SA (d) | 2,448,849 | 5,329,557 | |
Banco Popular Espanol SA | 4,753,712 | 4,127,129 | |
Banco Santander SA (Spain) | 9,135,615 | 69,173,609 | |
Bankia SA (a)(d) | 828,423 | 351,503 | |
Cintra Concesiones de Infrastructuras de Transporte SA | 350,361 | 5,493,540 | |
Criteria CaixaCorp SA (d) | 969,371 | 3,976,397 | |
Distribuidora Internacional de Alimentacion SA | 544,427 | 4,252,577 | |
Enagas SA | 166,787 | 3,994,601 | |
Gas Natural SDG SA | 298,392 | 5,919,450 | |
Grifols SA (d) | 132,112 | 4,706,085 | |
Grupo Acciona SA (d) | 23,608 | 1,449,840 | |
Iberdrola SA | 4,087,541 | 20,225,294 | |
Inditex SA | 189,036 | 25,333,604 | |
International Consolidated Airlines Group SA CDI (a) | 780,265 | 2,831,413 | |
MAPFRE SA (Reg.) | 646,648 | 2,104,669 | |
Red Electrica Corporacion SA | 94,167 | 5,210,186 | |
Repsol YPF SA | 721,813 | 15,369,940 | |
Telefonica SA | 3,552,075 | 46,362,939 | |
Zardoya Otis SA | 128,897 | 1,819,123 | |
TOTAL SPAIN | 289,327,332 | ||
Sweden - 3.2% | |||
Alfa Laval AB | 293,092 | 6,820,414 | |
ASSA ABLOY AB (B Shares) | 288,586 | 11,445,451 | |
Atlas Copco AB: | |||
(A Shares) | 583,310 | 16,956,162 | |
(B Shares) | 336,490 | 8,709,594 | |
Boliden AB | 233,265 | 3,960,246 | |
Electrolux AB (B Shares) | 222,675 | 5,684,455 | |
Elekta AB (B Shares) (d) | 316,468 | 4,746,482 | |
Common Stocks - continued | |||
Shares | Value | ||
Sweden - continued | |||
Getinge AB (B Shares) | 170,552 | $ 5,134,440 | |
H&M Hennes & Mauritz AB (B Shares) | 822,731 | 29,525,909 | |
Hexagon AB (B Shares) | 205,579 | 5,861,516 | |
Husqvarna AB (B Shares) | 387,673 | 2,395,907 | |
Industrivarden AB Series C | 92,520 | 1,650,866 | |
Investment AB Kinnevik | 179,090 | 4,084,450 | |
Investor AB (B Shares) | 396,878 | 11,628,843 | |
Lundin Petroleum AB (a) | 193,267 | 4,389,851 | |
Nordea Bank AB | 2,280,340 | 26,391,355 | |
Ratos AB (B Shares) | 158,647 | 1,630,036 | |
Sandvik AB | 867,399 | 14,095,871 | |
Scania AB (B Shares) | 278,764 | 5,801,657 | |
Securitas AB (B Shares) | 279,842 | 2,606,995 | |
Skandinaviska Enskilda Banken AB (A Shares) | 1,219,801 | 12,702,724 | |
Skanska AB (B Shares) | 329,314 | 5,845,509 | |
SKF AB (B Shares) | 341,047 | 8,389,860 | |
Svenska Cellulosa AB (SCA) (B Shares) | 503,226 | 12,301,702 | |
Svenska Handelsbanken AB (A Shares) | 429,710 | 18,676,977 | |
Swedbank AB (A Shares) | 700,541 | 16,843,573 | |
Swedish Match Co. AB | 175,789 | 5,756,890 | |
Tele2 AB (B Shares) | 273,644 | 4,358,062 | |
Telefonaktiebolaget LM Ericsson (B Shares) | 2,639,359 | 32,085,615 | |
TeliaSonera AB | 1,877,434 | 12,883,156 | |
Volvo AB (B Shares) | 1,303,312 | 19,547,463 | |
TOTAL SWEDEN | 322,912,031 | ||
Switzerland - 8.9% | |||
ABB Ltd. (Reg.) | 1,903,134 | 43,297,362 | |
Actelion Ltd. | 93,538 | 4,826,094 | |
Adecco SA (Reg.) | 115,114 | 6,564,433 | |
Aryzta AG | 75,216 | 4,321,329 | |
Baloise Holdings AG | 42,496 | 3,812,988 | |
Banque Cantonale Vaudoise (Bearer) | 3,995 | 2,276,038 | |
Barry Callebaut AG | 1,518 | 1,481,884 | |
Compagnie Financiere Richemont SA Series A | 452,089 | 36,343,653 | |
Credit Suisse Group | 1,086,005 | 28,950,466 | |
Ems-Chemie Holding AG | 6,938 | 1,956,008 | |
Geberit AG (Reg.) | 34,994 | 8,460,088 | |
Givaudan SA | 7,262 | 8,677,521 | |
Holcim Ltd. (Reg.) | 196,983 | 15,919,623 | |
Julius Baer Group Ltd. | 190,677 | 7,225,912 | |
Kuehne & Nagel International AG | 47,248 | 5,434,049 | |
Lindt & Spruengli AG | 95 | 4,053,691 | |
Lindt & Spruengli AG (participation certificate) | 785 | 2,834,141 | |
Lonza Group AG | 43,952 | 2,745,535 | |
Nestle SA | 2,793,781 | 195,035,435 | |
Novartis AG | 1,991,817 | 134,882,143 | |
Pargesa Holding SA | 25,831 | 1,845,071 | |
Partners Group Holding AG | 14,886 | 3,439,995 | |
| |||
Shares | Value | ||
Roche Holding AG (participation certificate) | 608,346 | $ 139,349,073 | |
Schindler Holding AG: | |||
(participation certificate) | 43,262 | 6,701,848 | |
(Reg.) | 19,147 | 2,880,323 | |
SGS SA (Reg.) | 4,757 | 12,089,165 | |
Sika AG (Bearer) | 1,810 | 4,491,689 | |
Sonova Holding AG Class B | 43,220 | 5,173,673 | |
Sulzer AG (Reg.) | 20,818 | 3,644,760 | |
Swatch Group AG (Bearer) | 26,971 | 15,337,184 | |
Swatch Group AG (Bearer) (Reg.) | 35,898 | 3,648,015 | |
Swiss Life Holding AG | 26,389 | 4,330,127 | |
Swiss Prime Site AG | 44,891 | 3,604,020 | |
Swiss Re Ltd. | 304,246 | 24,328,644 | |
Swisscom AG | 19,903 | 9,054,347 | |
Syngenta AG (Switzerland) | 80,796 | 34,288,683 | |
Transocean Ltd. (Switzerland) | 310,999 | 16,364,526 | |
UBS AG | 3,156,508 | 49,873,806 | |
Zurich Insurance Group AG | 127,202 | 34,809,893 | |
TOTAL SWITZERLAND | 894,353,235 | ||
United Kingdom - 20.5% | |||
3I Group PLC | 811,493 | 3,944,366 | |
Aberdeen Asset Management PLC | 779,605 | 5,084,426 | |
Admiral Group PLC | 179,105 | 3,399,108 | |
Aggreko PLC | 236,251 | 6,078,542 | |
AMEC PLC | 269,286 | 4,264,952 | |
Anglo American PLC (United Kingdom) | 1,206,241 | 35,171,215 | |
Antofagasta PLC | 337,784 | 5,600,917 | |
ARM Holdings PLC | 1,196,630 | 17,324,184 | |
Associated British Foods PLC | 309,375 | 8,692,128 | |
AstraZeneca PLC (United Kingdom) | 1,092,046 | 49,519,003 | |
Aviva PLC | 2,551,590 | 13,733,093 | |
Babcock International Group PLC | 306,191 | 4,984,161 | |
BAE Systems PLC | 2,816,033 | 15,170,095 | |
Balfour Beatty PLC | 587,853 | 2,545,204 | |
Barclays PLC | 10,083,098 | 46,784,744 | |
BG Group PLC | 2,949,534 | 52,151,353 | |
BHP Billiton PLC | 1,831,875 | 57,806,397 | |
BP PLC | 16,530,609 | 110,846,445 | |
British American Tobacco PLC (United Kingdom) | 1,675,411 | 87,160,596 | |
British Land Co. PLC | 736,164 | 6,337,826 | |
British Sky Broadcasting Group PLC | 945,705 | 12,201,969 | |
BT Group PLC | 6,828,595 | 27,715,416 | |
Bunzl PLC | 291,648 | 5,579,226 | |
Burberry Group PLC | 386,477 | 8,067,556 | |
Capita Group PLC | 570,693 | 7,129,615 | |
Capital Shopping Centres Group PLC | 454,945 | 2,296,210 | |
Carnival PLC | 160,195 | 6,009,217 | |
Centrica PLC | 4,498,254 | 24,027,573 | |
Cobham PLC | 913,258 | 3,205,950 | |
Compass Group PLC | 1,588,108 | 19,285,960 | |
Croda International PLC | 118,257 | 4,650,094 | |
Common Stocks - continued | |||
Shares | Value | ||
United Kingdom - continued | |||
Diageo PLC | 2,170,933 | $ 65,097,964 | |
Eurasian Natural Resources Corp. PLC | 216,398 | 1,110,922 | |
Evraz PLC | 292,847 | 1,212,395 | |
Fresnillo PLC | 152,342 | 3,589,145 | |
G4S PLC (United Kingdom) | 1,213,882 | 5,342,249 | |
GKN PLC | 1,431,364 | 5,928,061 | |
GlaxoSmithKline PLC | 4,256,079 | 93,790,184 | |
Hammerson PLC | 611,193 | 4,584,128 | |
Hargreaves Lansdown PLC | 198,870 | 2,615,702 | |
HSBC Holdings PLC (United Kingdom) | 15,953,686 | 176,697,804 | |
ICAP PLC | 461,866 | 2,333,244 | |
IMI PLC | 282,536 | 5,242,038 | |
Imperial Tobacco Group PLC | 855,341 | 31,012,522 | |
Inmarsat PLC | 381,645 | 3,772,019 | |
InterContinental Hotel Group PLC | 229,649 | 6,658,867 | |
Intertek Group PLC | 139,021 | 7,042,011 | |
Invensys PLC | 696,977 | 3,786,367 | |
Investec PLC | 454,370 | 3,304,514 | |
ITV PLC | 3,175,193 | 5,982,623 | |
J Sainsbury PLC | 1,075,428 | 5,641,651 | |
Johnson Matthey PLC | 180,113 | 6,284,530 | |
Kazakhmys PLC | 178,937 | 1,680,315 | |
Kingfisher PLC | 2,073,402 | 8,712,909 | |
Land Securities Group PLC | 672,488 | 8,462,542 | |
Legal & General Group PLC | 5,102,901 | 12,393,911 | |
Lloyds Banking Group PLC (a) | 36,587,645 | 30,075,229 | |
London Stock Exchange Group PLC | 149,886 | 3,033,310 | |
Marks & Spencer Group PLC | 1,398,365 | 7,876,720 | |
Meggitt PLC | 666,268 | 4,594,923 | |
Melrose PLC | 1,054,574 | 4,138,790 | |
National Grid PLC | 3,174,996 | 35,078,258 | |
Next PLC | 140,853 | 8,972,467 | |
Old Mutual PLC | 4,222,968 | 12,973,069 | |
Pearson PLC | 707,551 | 12,379,704 | |
Prudential PLC | 2,215,214 | 32,879,879 | |
Reckitt Benckiser Group PLC | 560,757 | 37,677,344 | |
Reed Elsevier PLC | 1,043,632 | 11,225,185 | |
Rexam PLC | 688,032 | 5,370,243 | |
Rio Tinto PLC | 1,162,410 | 62,156,818 | |
Rolls-Royce Group PLC | 1,623,207 | 25,314,358 | |
Royal & Sun Alliance Insurance Group PLC | 3,055,837 | 5,595,480 | |
Royal Bank of Scotland Group PLC (a) | 1,842,748 | 9,026,800 | |
Royal Dutch Shell PLC: | |||
Class A (Netherlands) | 55,606 | 1,826,356 | |
Class A (United Kingdom) | 3,186,091 | 104,645,785 | |
Class B (United Kingdom) | 2,271,273 | 76,429,969 | |
SABMiller PLC | 829,631 | 41,244,051 | |
Sage Group PLC | 1,121,951 | 5,786,990 | |
| |||
Shares | Value | ||
Schroders PLC | 93,701 | $ 2,831,610 | |
Scottish & Southern Energy PLC | 827,116 | 18,144,066 | |
Segro PLC | 611,175 | 2,372,661 | |
Serco Group PLC | 429,654 | 3,718,557 | |
Severn Trent PLC | 208,569 | 5,122,671 | |
Smith & Nephew PLC | 779,082 | 8,345,470 | |
Smiths Group PLC | 336,438 | 6,436,059 | |
Standard Chartered PLC (United Kingdom) | 2,089,395 | 56,928,112 | |
Standard Life PLC | 2,034,954 | 10,882,123 | |
Tate & Lyle PLC | 397,529 | 4,899,955 | |
Tesco PLC | 6,966,890 | 39,063,470 | |
The Weir Group PLC | 185,225 | 6,586,537 | |
TUI Travel PLC | 416,653 | 2,005,601 | |
Tullow Oil PLC | 786,412 | 14,483,340 | |
Unilever PLC | 1,111,414 | 44,260,442 | |
United Utilities Group PLC | 594,882 | 6,651,173 | |
Vedanta Resources PLC | 98,791 | 1,762,482 | |
Vodafone Group PLC | 42,653,684 | 106,983,824 | |
Whitbread PLC | 151,980 | 5,817,061 | |
WM Morrison Supermarkets PLC | 2,009,502 | 7,913,945 | |
Xstrata PLC | 1,822,323 | 32,137,953 | |
TOTAL UNITED KINGDOM | 2,054,694,998 | ||
TOTAL COMMON STOCKS (Cost $9,789,242,801) |
| ||
Nonconvertible Preferred Stocks - 0.9% | |||
|
|
|
|
France - 0.3% | |||
Air Liquide SA (a) | 235,965 | 28,711,575 | |
Germany - 0.6% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 44,105 | 2,867,836 | |
Henkel AG & Co. KGaA | 155,124 | 13,672,269 | |
Porsche Automobil Holding SE (Germany) | 133,022 | 10,546,789 | |
ProSiebenSat.1 Media AG | 89,616 | 3,088,752 | |
RWE AG (non-vtg.) | 33,945 | 1,216,499 | |
Volkswagen AG | 125,638 | 27,433,464 | |
TOTAL GERMANY | 58,825,609 | ||
Italy - 0.0% | |||
Telecom Italia SpA (Risparmio Shares) | 5,345,527 | 3,456,804 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $66,038,680) |
|
Government Obligations - 0.2% | ||||
| Principal Amount | Value | ||
United States of America - 0.2% | ||||
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.15% 4/25/13 to 9/19/13 (e) | $ 18,000,000 | $ 17,991,398 |
Money Market Funds - 4.1% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 284,240,539 | 284,240,539 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 130,790,746 | 130,790,746 | |
TOTAL MONEY MARKET FUNDS (Cost $415,031,285) |
| ||
TOTAL INVESTMENT PORTFOLIO - 102.4% (Cost $10,288,304,372) | 10,269,166,820 | ||
NET OTHER ASSETS (LIABILITIES) - (2.4)% | (238,260,795) | ||
NET ASSETS - 100% | $ 10,030,906,025 |
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
70 CAC 40 Index Contracts (France) | March 2013 | $ 3,402,394 | $ 30,243 | ||
115 CME NIKKEI 225 Index Contracts (Japan) | March 2013 | 7,146,402 | 394,211 | ||
42 EUREX DAX Index Contracts | March 2013 | 10,624,598 | 64,053 | ||
1,218 EUREX Dow Jones EURO STOXX 50 Index Contracts (European Union) | March 2013 | 41,900,713 | (1,203,947) | ||
48 Hang Seng Index Contracts (Hong Kong) | March 2013 | 7,108,773 | (472) | ||
549 LIFFE FTSE 100 Index Contracts (United Kingdom) | March 2013 | 52,957,432 | 1,369,406 | ||
432 OMX Stockholm 30 Index Contracts (Sweden) | March 2013 | 7,993,877 | 116,484 | ||
176 SFE SPI 200 Index Contracts | March 2013 | 22,853,922 | 977,902 | ||
75 Singapore Exch Derivatives Ltd. | March 2013 | 4,471,899 | (40,060) | ||
| |||||
Expiration Date | Underlying Face Amount at Value | Unrealized | |||
200 TSE TOPIX Index Contracts | March 2013 | $ 20,951,558 | $ 397,481 | ||
155 TSE TOPIX Index Contracts | June 2013 | 16,103,678 | 94,692 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 195,515,246 | $ 2,199,993 |
|
The face value of futures purchased as a percentage of net assets is 1.9% |
Forward Foreign Currency Contracts | |||||
Settlement Dates | Value | Unrealized | |||
Contracts to Buy with Goldman Sachs | |||||
21,700,000 AUD | March 2013 | 22,134,170 | (621,067) | ||
42,900,000 EUR | March 2013 | 56,015,388 | (1,462,598) | ||
35,200,000 GBP | March 2013 | 53,394,498 | (3,212,078) | ||
4,060,000,000 JPY | March 2013 | 43,804,517 | (3,707,304) | ||
52,700,000 SEK | March 2013 | 8,145,207 | (32,286) | ||
| $ 183,493,780 | $ (9,035,333) |
|
(Payable Amount $192,529,113) |
|
The value of contracts to buy as a percentage of net assets - 1.8% |
Currency Abbreviations | ||
AUD | - | Australian dollar |
EUR | - | European Monetary Unit |
GBP | - | British pound |
JPY | - | Japanese yen |
SEK | - | Swedish krona |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $17,501,664. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 200,453 |
Fidelity Securities Lending Cash Central Fund | 3,123,655 |
Total | $ 3,324,108 |
Other Information |
Categorizations in the Schedule of Investments are based on country or territory of incorporation. |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,070,000,006 | $ 796,826,332 | $ 273,173,674 | $ - |
Consumer Staples | 1,168,468,766 | 657,108,149 | 511,360,617 | - |
Energy | 717,413,316 | 254,098,161 | 463,315,155 | - |
Financials | 2,485,832,322 | 1,740,942,419 | 744,889,816 | 87 |
Health Care | 982,928,863 | 475,637,279 | 507,291,584 | - |
Industrials | 1,237,916,173 | 1,087,959,992 | 149,956,181 | - |
Information Technology | 424,471,152 | 230,913,570 | 193,557,582 | - |
Materials | 928,927,199 | 633,180,099 | 295,747,100 | - |
Telecommunication Services | 464,355,031 | 217,942,836 | 246,412,195 | - |
Utilities | 355,831,309 | 316,857,858 | 38,973,451 | - |
Government Obligations | 17,991,398 | - | 17,991,398 | - |
Money Market Funds | 415,031,285 | 415,031,285 | - | - |
Total Investments in Securities: | $ 10,269,166,820 | $ 6,826,497,980 | $ 3,442,668,753 | $ 87 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 3,444,472 | $ 3,444,472 | $ - | $ - |
Liabilities | ||||
Forward Foreign Currency Contracts | $ (9,035,333) | $ - | $ (9,035,333) | $ - |
Futures Contracts | (1,244,479) | (1,244,479) | - | - |
Total Liabilities | $ (10,279,812) | $ (1,244,479) | $ (9,035,333) | $ - |
Total Derivative Instruments: | $ (6,835,340) | $ 2,199,993 | $ (9,035,333) | $ - |
The following is a summary of transfers between Level 1 and Level 2 for the period ended February 28, 2013. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements: |
Transfers | Total |
Level 1 to Level 2 | $ 306,488,007 |
Level 2 to Level 1 | $ 24,368,273 |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Primary Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (b) | $ 3,444,472 | $ (1,244,479) |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | - | (9,035,333) |
Total Value of Derivatives | $ 3,444,472 | $ (10,279,812) |
(a) Value is disclosed net on the Statement of Assets and Liabilities in the unrealized appreciation/depreciation on forward foreign currency contracts line-items. |
(b) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $123,106,373) - See accompanying schedule: Unaffiliated issuers (cost $9,873,273,087) | $ 9,854,135,535 |
|
Fidelity Central Funds (cost $415,031,285) | 415,031,285 |
|
Total Investments (cost $10,288,304,372) |
| $ 10,269,166,820 |
Foreign currency held at value (cost $8,299,148) | 8,274,245 | |
Receivable for investments sold | 2,139,628 | |
Receivable for fund shares sold | 40,670,694 | |
Dividends receivable | 30,788,018 | |
Distributions receivable from Fidelity Central Funds | 150,292 | |
Receivable for daily variation margin on futures contracts | 3,265,352 | |
Receivable from investment adviser for expense reductions | 284,086 | |
Other receivables | 2,418 | |
Total assets | 10,354,741,553 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 161,184,895 | |
Unrealized depreciation on foreign currency contracts | 9,035,333 | |
Payable for closed foreign currency contracts | 458,137 | |
Payable for fund shares redeemed | 21,063,654 | |
Accrued management fee | 499,479 | |
Other affiliated payables | 803,284 | |
Collateral on securities loaned, at value | 130,790,746 | |
Total liabilities | 323,835,528 | |
|
|
|
Net Assets | $ 10,030,906,025 | |
Net Assets consist of: |
| |
Paid in capital | $ 10,692,409,688 | |
Undistributed net investment income | 9,035,338 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (643,340,907) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | (27,198,094) | |
Net Assets | $ 10,030,906,025 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 35.31 | |
|
|
|
Fidelity Advantage Class: | $ 35.31 | |
|
|
|
Institutional Class: | $ 35.31 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 35.31 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 312,936,755 |
Interest |
| 25,070 |
Income from Fidelity Central Funds (including $3,123,655 from security lending) |
| 3,324,108 |
Income before foreign taxes withheld |
| 316,285,933 |
Less foreign taxes withheld |
| (21,433,633) |
Total income |
| 294,852,300 |
|
|
|
Expenses | ||
Management fee | $ 5,276,000 | |
Transfer agent fees | 8,789,006 | |
Independent trustees' compensation | 57,027 | |
Miscellaneous | 22,592 | |
Total expenses before reductions | 14,144,625 | |
Expense reductions | (2,378,678) | 11,765,947 |
Net investment income (loss) | 283,086,353 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | (90,747,705) | |
Foreign currency transactions | (4,711,849) | |
Futures contracts | 16,416,860 | |
Total net realized gain (loss) |
| (79,042,694) |
Change in net unrealized appreciation (depreciation) on: Investment securities | 702,911,670 | |
Assets and liabilities in foreign currencies | (8,679,624) | |
Futures contracts | (4,222,110) | |
Total change in net unrealized appreciation (depreciation) |
| 690,009,936 |
Net gain (loss) | 610,967,242 | |
Net increase (decrease) in net assets resulting from operations | $ 894,053,595 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 283,086,353 | $ 307,056,865 |
Net realized gain (loss) | (79,042,694) | 116,950,073 |
Change in net unrealized appreciation (depreciation) | 690,009,936 | (1,208,752,485) |
Net increase (decrease) in net assets resulting from operations | 894,053,595 | (784,745,547) |
Distributions to shareholders from net investment income | (263,200,177) | (282,810,129) |
Distributions to shareholders from net realized gain | (10,605,696) | (5,246,083) |
Total distributions | (273,805,873) | (288,056,212) |
Share transactions - net increase (decrease) | 690,478,893 | (204,144,449) |
Redemption fees | 579,443 | 929,822 |
Total increase (decrease) in net assets | 1,311,306,058 | (1,276,016,386) |
|
|
|
Net Assets | ||
Beginning of period | 8,719,599,967 | 9,995,616,353 |
End of period (including undistributed net investment income of $9,035,338 and undistributed net investment income of $1,453,417, respectively) | $ 10,030,906,025 | $ 8,719,599,967 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.03 | 1.19 | .94 | .82 | 1.30 |
Net realized and unrealized gain (loss) | 2.23 | (4.28) | 5.45 | 10.93 | (22.75) |
Total from investment operations | 3.26 | (3.09) | 6.39 | 11.75 | (21.45) |
Distributions from net investment income | (.97) | (1.12) | (.81) | (.74) | (.94) |
Distributions from net realized gain | (.04) | (.02) | (.03) | (.12) | - |
Total distributions | (1.01) | (1.14) | (.84) | (.86) | (.94) |
Redemption fees added to paid in capital B | - G | - G | - G | - G | .01 |
Net asset value, end of period | $ 35.31 | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 |
Total Return A | 10.01% | (7.92)% | 20.34% | 56.36% | (50.03)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .20% | .20% | .20% | .20% | .20% |
Expenses net of fee waivers, if any | .20% | .11% | .10% | .10% | .10% |
Expenses net of all reductions | .20% | .11% | .10% | .10% | .10% |
Net investment income (loss) | 3.16% | 3.54% | 2.84% | 2.72% | 3.75% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,282,743 | $ 3,424,239 | $ 6,932,647 | $ 5,488,131 | $ 2,697,776 |
Portfolio turnover rate D | 1% | 9% | 1% | 2% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.06 | 1.20 | .96 | .83 | 1.31 |
Net realized and unrealized gain (loss) | 2.22 | (4.28) | 5.44 | 10.93 | (22.75) |
Total from investment operations | 3.28 | (3.08) | 6.40 | 11.76 | (21.44) |
Distributions from net investment income | (1.00) | (1.12) | (.82) | (.75) | (.95) |
Distributions from net realized gain | (.04) | (.02) | (.03) | (.12) | - |
Total distributions | (1.04) | (1.14) | (.85) | (.87) | (.95) |
Redemption fees added to paid in capital B | - G | - G | - G | - G | .01 |
Net asset value, end of period | $ 35.31 | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 |
Total Return A | 10.07% | (7.87)% | 20.38% | 56.40% | (50.02)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .17% | .17% | .17% | .17% | .17% |
Expenses net of fee waivers, if any | .12% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .12% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 3.24% | 3.57% | 2.87% | 2.75% | 3.78% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 5,322,884 | $ 3,476,600 | $ 3,062,970 | $ 2,178,395 | $ 1,155,867 |
Portfolio turnover rate D | 1% | 9% | 1% | 2% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 H, J |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 33.07 | $ 31.29 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.07 | .32 |
Net realized and unrealized gain (loss) | 2.22 | 2.48 G |
Total from investment operations | 3.29 | 2.80 |
Distributions from net investment income | (1.01) | (1.02) |
Distributions from net realized gain | (.04) | - |
Total distributions | (1.05) | (1.02) |
Redemption fees added to paid in capital D, K | - | - |
Net asset value, end of period | $ 35.31 | $ 33.07 |
Total Return B, C | 10.12% | 9.44% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .10% M | .10% A, M |
Expenses net of fee waivers, if any | .07% | .07% A |
Expenses net of all reductions | .07% | .07% A |
Net investment income (loss) | 3.29% | 2.19% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 1,269,545 | $ 860,659 |
Portfolio turnover rate F | 1% | 9% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund. H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. J For the year ended February 29. K Amount represents less than $.01 per share. L Amount not annualized. M Amount represents .095%. |
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 H, J |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 33.07 | $ 31.29 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.08 | .32 |
Net realized and unrealized gain (loss) | 2.22 | 2.48 G |
Total from investment operations | 3.30 | 2.80 |
Distributions from net investment income | (1.02) | (1.02) |
Distributions from net realized gain | (.04) | - |
Total distributions | (1.06) | (1.02) |
Redemption fees added to paid in capital D, K | - | - |
Net asset value, end of period | $ 35.31 | $ 33.07 |
Total Return B, C | 10.13% | 9.45% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .08% M | .08% A, M |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 3.30% | 2.17% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 1,155,733 | $ 958,101 |
Portfolio turnover rate F | 1% | 9% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund. H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. J For the year ended February 29. K Amount represents less than $.01 per share. L Amount not annualized. M Amount represents .075%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
1. Organization.
Spartan Extended Market Index Fund and Spartan International Index Fund (the Funds) are funds of Fidelity Concord Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund is authorized to issue an unlimited number of shares. Spartan Extended Market Index Fund offers Investor Class, Fidelity Advantage Class and Fidelity Advantage Institutional Class shares. Spartan International Index Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares. Each class has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred and certain class-level expense reductions.
2. Investments in Fidelity Central Funds.
The Funds invest in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by each Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
Each Fund categorizes the inputs to valuation techniques used to value their investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value each Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Annual Report
3. Significant Accounting Policies - continued
Investment Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
The U.S. dollar value of foreign currency contracts is determined using currency exchange rates supplied by a pricing service and are categorized as Level 2 in the hierarchy. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, including information on transfers between Levels 1 and 2 is included at the end of each applicable Fund's Schedule of Investments.
Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, closed foreign currency contracts, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency including foreign currency contracts, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.
Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in kind, capital loss carryforwards, and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:
| Tax cost | Gross unrealized | Gross unrealized | Net unrealized |
Spartan Extended Market Index | $ 7,919,966,166 | $ 2,377,292,419 | $ (857,939,874) | $ 1,519,352,545 |
Spartan International Index | 10,346,418,869 | 1,936,134,722 | (2,013,386,771) | (77,252,049) |
The tax-based components of distributable earnings as of period end were as follows for each Fund:
| Undistributed | Undistributed | Capital loss | Net unrealized |
Spartan Extended Market Index | $ 17,833,773 | $ 42,251,715 | $ - | $ 1,527,074,591 |
Spartan International Index | - | - | (535,614,445) | (84,624,855) |
Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
| Fiscal year of |
|
|
|
| 2017 | 2018 | 2019 | Total with expiration |
|
|
|
|
|
Spartan International Index | (119,933,607) | (148,608,684) | (49,793,394) | (318,335,685) |
| No expiration |
|
|
|
| Short-term | Long-term | Total no expiration | Total capital loss |
|
|
|
|
|
Spartan International Index | (4,442,746) | (212,836,014) | (217,278,760) | (535,614,445) |
The tax character of distributions paid was as follows:
February 28, 2013 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 123,000,708 | $ 200,713,554 | $ 323,714,262 |
Spartan International Index | 273,805,873 | - | 273,805,873 |
February 29, 2012 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 83,031,372 | $ 114,363,034 | $ 197,394,406 |
Spartan International Index | 288,056,212 | - | 288,056,212 |
Annual Report
3. Significant Accounting Policies - continued
Short-Term Trading (Redemption) Fees. Shares held by investors in the Funds less than 90 days are subject to a redemption fee equal to .75% and 1.00% of the net asset value of shares redeemed from Spartan Extended Market Index and Spartan International Index, respectively. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Funds and accounted for as an addition to paid in capital.
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Funds' financial statement disclosures.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts and forward foreign currency contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.
The Funds' use of derivatives increased or decreased their exposure to the following risks:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Foreign Exchange Risk | Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates. |
The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.
Primary Risk Exposure / Derivative Type | Net Realized | Change in Net Unrealized |
Spartan Extended Market Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ 10,780,134 | $ 1,141,781 |
Totals (a) | $ 10,780,134 | $ 1,141,781 |
Spartan International Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ 16,416,860 | $ (4,222,110) |
Foreign Exchange Risk |
|
|
Forward Foreign Currency Contracts | (3,199,896) | (7,581,914) |
Totals (a) | $ 13,216,964 | $ (11,804,024) |
(a) A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments and is representative of activity for the period.
Annual Report
Notes to Financial Statements - continued
4. Derivative Instruments - continued
Forward Foreign Currency Contracts. Forward foreign currency contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Spartan International Index Fund used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.
Forward foreign currency contracts are valued daily and fluctuations in exchange rates on open contracts are recorded as unrealized appreciation or (depreciation) and reflected in the Statement of Assets and Liabilities. When the contract is closed, the Fund realizes a gain or loss equal to the difference between the closing value and the value at the time it was opened. Purchases and sales of forward foreign currency contracts having the same settlement date and broker are offset, and any realized gain or (loss) is recognized on the date of offset. Any unrealized appreciation or (depreciation) on offsetting contracts that settle after period end are reflected as a receivable or payable for closed forward foreign currency contracts in the Statement of Assets and Liabilities. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward foreign currency contracts during the period is included in the Statement of Operations as part of net realized gain (loss) on foreign currency transactions and change in unrealized gain (loss) on assets and liabilities in foreign currencies, respectively.
Any open forward foreign currency contracts at period end are presented in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." The value reflects each contract's exposure to the underlying currency at period end. Forward foreign currency contracts that have been offset with different counterparties are reflected as both a contract to buy and a contract to sell.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market and fluctuations in currency values.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, are noted in the table below.
| Purchases ($) | Sales ($) |
Spartan Extended Market Index | 1,506,591,375 | 701,400,971 |
Spartan International Index | 809,307,027 | 127,904,054 |
Spartan International Index delivered securities in-kind through redemptions totaling $10,715,382. Realized gain (loss) of $4,397,603 on securities delivered in-kind through redemptions is included in the accompanying Statement of Operations as realized gain or loss on investment securities and is not taxable to the Fund.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .06% for each Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
| Investor Class | Advantage Class | Institutional Class | Fidelity Advantage |
Spartan Extended Market Index Fund | .10% | .07% | n/a | .07% |
Spartan International Index Fund | .20% | .17% | .095% | .075% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on average net assets noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, each class pays all or a portion of the transfer agent fees at an annual rate based on average net assets as noted in the following table:
| Received by | Paid by |
Spartan Extended Market Index |
|
|
Investor Class | .075% | .04% |
Fidelity Advantage Class | .045% | .01% |
Fidelity Advantage Institutional Class | .015% | .01% |
|
|
|
Spartan International Index |
|
|
Investor Class | .21% | .14% |
Fidelity Advantage Class | .11% | .11% |
Institutional Class | .035% | .035% |
Fidelity Advantage Institutional Class | .015% | .015% |
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Spartan Extended Market Index |
|
Investor Class | $ 763,759 |
Fidelity Advantage Class | 497,711 |
Fidelity Advantage Institutional Class | 13 |
| $ 1,261,483 |
|
|
Spartan International Index |
|
Investor Class | $ 4,106,510 |
Fidelity Advantage Class | 4,156,475 |
Institutional Class | 374,144 |
Fidelity Advantage Institutional Class | 151,877 |
| $ 8,789,006 |
7. Committed Line of Credit.
Certain Funds participate with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
Spartan Extended Market Index | $ 17,439 |
Spartan International Index | 22,592 |
During the period, there were no borrowings on this line of credit.
8. Security Lending.
Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Funds. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less
Annual Report
Notes to Financial Statements - continued
8. Security Lending - continued
rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. During the period, there were no securities loaned to FCM.
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2014. Some expenses, for example interest expense, including commitment fees, are excluded from these reimbursements. Total reimbursements are included in the following table:
| Expense | Reimbursement |
Spartan Extended Market Index |
|
|
Fidelity Advantage Institutional Class | .06% | $ 15 |
Spartan International Index |
|
|
Fidelity Advantage Class | .12% | 1,941,715 |
Institutional Class | .07% | 276,843 |
Fidelity Advantage Institutional Class | .06% | 160,105 |
In addition, FMR reimbursed a portion of Spartan Extended Market Index Fund's operating expenses during the period in the amount of $1,180.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.
| Management fee |
Spartan Extended Market Index | $ 589 |
Spartan International Index | 15 |
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
Spartan Extended Market Index |
|
|
From net investment income |
|
|
Investor Class | $ 34,726,754 | $ 44,200,763 |
Fidelity Advantage Class | 88,271,798 | 25,213,023 |
Fidelity Advantage Institutional Class | 2,156 | 1,161 |
Total | $ 123,000,708 | $ 69,414,947 |
From net realized gain |
|
|
Investor Class | $ 59,938,933 | $ 88,449,322 |
Fidelity Advantage Class | 140,771,137 | 39,529,035 |
Fidelity Advantage Institutional Class | 3,484 | 1,102 |
Total | $ 200,713,554 | $ 127,979,459 |
Spartan International Index |
|
|
From net investment income |
|
|
Investor Class | $ 87,597,672 | $ 148,424,687 |
Fidelity Advantage Class | 109,365,106 | 91,917,749 |
Institutional Class | 34,315,538 | 20,201,408 |
Fidelity Advantage Institutional Class | 31,921,861 | 22,266,285 |
Total | $ 263,200,177 | $ 282,810,129 |
From net realized gain |
|
|
Investor Class | $ 3,612,275 | $ 3,579,535 |
Fidelity Advantage Class | 4,386,091 | 1,666,548 |
Institutional Class | 1,352,974 | - |
Fidelity Advantage Institutional Class | 1,254,356 | - |
Total | $ 10,605,696 | $ 5,246,083 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
Annual Report
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | Year ended | Year ended | Year ended | Year ended |
Spartan Extended Market Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 13,321,094 | 40,837,111 | $ 530,659,536 | $ 1,555,171,539 |
Reinvestment of distributions | 2,332,565 | 3,525,601 | 90,866,565 | 129,930,899 |
Shares redeemed | (58,837,328) | (88,688,944) | (2,389,706,038) | (3,356,270,130) |
Net increase (decrease) | (43,183,669) | (44,326,232) | $ (1,768,179,937) | $ (1,671,167,692) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 89,341,752 | 68,841,430 | $ 3,625,244,734 | $ 2,626,867,824 |
Reinvestment of distributions | 5,670,305 | 1,645,712 | 220,926,287 | 59,386,217 |
Shares redeemed | (27,226,963) | (9,691,823) | (1,083,879,441) | (362,785,045) |
Net increase (decrease) | 67,785,094 | 60,795,319 | $ 2,762,291,580 | $ 2,323,468,996 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 2,138 | 2,884 | $ 88,301 | $ 100,000 |
Reinvestment of distributions | 145 | 66 | 5,640 | 2,263 |
Net increase (decrease) | 2,283 | 2,950 | $ 93,941 | $ 102,263 |
Spartan International Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 22,480,598 | 51,659,320 | $ 738,516,301 | $ 1,725,521,597 |
Reinvestment of distributions | 2,603,169 | 4,931,710 | 87,570,598 | 146,703,273 |
Shares redeemed | (63,993,981) | (138,930,396)B | (2,162,502,955) | (4,508,596,328)B |
Net increase (decrease) | (38,910,214) | (82,339,366) | $ (1,336,416,056) | $ (2,636,371,458) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 75,323,150 | 50,383,664 | $ 2,547,792,654 | $ 1,659,791,665 |
Reinvestment of distributions | 3,011,886 | 2,688,031 | 101,319,852 | 79,393,189 |
Shares redeemed | (32,726,415) | (30,064,805) | (1,057,404,449) | (976,577,403) |
Net increase (decrease) | 45,608,621 | 23,006,890 | $ 1,591,708,057 | $ 762,607,451 |
Institutional Class |
|
|
|
|
Shares sold | 16,830,227 | 26,471,830 | $ 541,022,171 | $ 810,287,820 |
Reinvestment of distributions | 1,060,233 | 700,632 | 35,666,241 | 20,199,209 |
Shares redeemed | (7,965,479)B | (1,147,214) | (261,596,672)B | (35,649,587) |
Net increase (decrease) | 9,924,981 | 26,025,248 | $ 315,091,740 | $ 794,837,442 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 8,644,925 | 29,053,528 | $ 280,664,871 | $ 879,203,212 |
Reinvestment of distributions | 986,213 | 772,330 | 33,176,217 | 22,266,285 |
Shares redeemed | (5,875,458) | (853,278) | (193,745,936) | (26,687,381) |
Net increase (decrease) | 3,755,680 | 28,972,580 | $ 120,095,152 | $ 874,782,116 |
A Share transactions Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions.
12. Other.
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund (funds of Fidelity Concord Street Trust) at February 28, 2013, the results of each of their operations for the periods indicated, the changes in each of their net assets for each of the periods indicated and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Concord Street Trust's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 19, 2013
Annual Report
Trustees and Officers
The Trustees, Members of the Advisory Board, and executive officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for James C. Curvey, each of the Trustees oversees 234 Fidelity funds. Mr. Curvey oversees 453 Fidelity funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person of the trust and funds (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers and Advisory Board Members hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Experience, Skills, Attributes, and Qualifications of the Funds' Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.
Board Structure and Oversight Function. James C. Curvey is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's equity and high income funds and another Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds. The asset allocation funds may invest in Fidelity funds overseen by the funds' Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."
Annual Report
Trustees and Officers - continued
The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (1935) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (1957) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (1948) | |
| Year of Election or Appointment: 2005 Prior to his retirement in May 2003, Mr. Dirks was Chief Operating Officer and a member of the Board of The Depository Trust & Clearing Corporation (DTCC). He also served as President, Chief Operating Officer, and Board member of The Depository Trust Company (DTC) and President and Board member of the National Securities Clearing Corporation (NSCC). In addition, Mr. Dirks served as Chief Executive Officer and Board member of the Government Securities Clearing Corporation, Chief Executive Officer and Board member of the Mortgage-Backed Securities Clearing Corporation, as a Trustee and a member of the Finance Committee of Manhattan College (2005-2008), and as a Trustee and a member of the Finance Committee of AHRC of Nassau County (2006-2008). Mr. Dirks is a member of the Independent Directors Council (IDC) Governing Council (2010-present) and Board of Directors for The Brookville Center for Children's Services, Inc. (2009-present). |
Alan J. Lacy (1953) | |
| Year of Election or Appointment: 2008 Mr. Lacy serves as Senior Adviser (2007-present) of Oak Hill Capital Partners, L.P. (private equity). Mr. Lacy also served as Chief Executive Officer (2000-2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation and Sears, Roebuck and Co. (retail). In addition, Mr. Lacy serves as a member of the Board of Directors of Dave & Buster's Entertainment, Inc. (restaurant and entertainment complexes, 2010-present), Earth Fare, Inc. (retail grocery, 2012-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), and Bristol-Myers Squibb Company (global pharmaceuticals, 2008-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (1944) | |
| Year of Election or Appointment: 2000 Mr. Lautenbach is Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Lautenbach currently serves as the Lead Director of the Eaton Corporation Board of Directors (diversified industrial, 1997-present). Mr. Lautenbach is Chairman of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (2012-present) and a member of the Council on Foreign Relations (1994-present). Previously, Mr. Lautenbach was a Partner/Advisory Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010), as well as a Director of Sony Corporation (2006-2007). |
Joseph Mauriello (1944) | |
| Year of Election or Appointment: 2008 Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Board of Directors of XL Group plc. (global insurance and re-insurance, 2006-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007) and of Arcadia Resources Inc. (health care services and products, 2007-2012). |
Robert W. Selander (1950) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (1944) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors (2009-present) and Chair of the Investment Committee (2010-present) of the Teagle Foundation. Ms. Small also serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson (2002-2008) and a member of the Investment Committee and Chairperson (2008-2012) and a member of the Board of Trustees of Smith College. In addition, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments, and a member of the Board of Directors of Scudder, Stevens & Clark and Scudder Kemper Investments. |
William S. Stavropoulos (1939) | |
| Year of Election or Appointment: 2001 Mr. Stavropoulos is Vice Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Stavropoulos serves as President and Founder of the Michigan Baseball Foundation, the Great Lakes Loons (2007-present). Mr. Stavropoulos is Chairman Emeritus of the Board of Directors of The Dow Chemical Company, where he previously served in numerous senior management positions, including President, CEO (1995-2000; 2002-2004), Chairman of the Executive Committee (2000-2006), and as a member of the Board of Directors (1990-2006). Currently, Mr. Stavropoulos is a Director of Univar Inc. (global distributor of commodity and specialty chemicals, Chairman from 2010-May 2012 and Lead Director from May 2012-present), Teradata Corporation (data warehousing and technology solutions, 2008-present), Maersk Inc. (industrial conglomerate), and Tyco International, Ltd. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital LLC (private equity investment, 2005-present). Mr. Stavropoulos is an operating advisor to Clayton, Dubilier & Rice, LLC (private equity investment). In addition, Mr. Stavropoulos is a member of the University of Notre Dame Advisory Council for the College of Science, a Trustee of the Rollin L. Gerstacker Foundation, and a Director of the Naples Philharmonic Center for the Arts. Previously, Mr. Stavropoulos served as a Director of Chemical Financial Corporation (bank holding company, 1993-2012). |
David M. Thomas (1949) | |
| Year of Election or Appointment: 2008 Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions), and a Director of Fortune Brands, Inc. (consumer products, 2000-2011). In addition, Mr. Thomas serves as Non-Executive Chairman of the Board of Directors of Fortune Brands Home and Security (home and security products, 2011-present), and as a member of the Board of Directors of Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (1950) | |
| Year of Election or Appointment: 2008 Mr. Wiley also serves as a Director of Asia Pacific Exploration Consolidated (international oil and gas exploration and production, 2008-present). Mr. Wiley serves as a Director of Tesoro Corporation (independent oil refiner and marketer, 2005-present), and a Director of Bill Barrett Corporation (exploration and production, 2005-present). In addition, Mr. Wiley also serves as a Director of Post Oak Bank (privately-held bank, 2004-present). Previously, Mr. Wiley served as a member of the Board of Trustees of the University of Tulsa (2000-2006; 2007-2010), as a Senior Energy Advisor of Katzenbach Partners, LLC (consulting, 2006-2007), as an Advisory Director of Riverstone Holdings (private investment), Chairman, President, and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004), and as Director of Spinnaker Exploration Company (exploration and production, 2001-2005). |
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Advisory Board Members and Executive Officers:
Correspondence intended for David A. Rosow and Garnett A. Smith may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each executive officer and Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupation | |
Peter S. Lynch (1944) | |
| Year of Election or Appointment: 2003 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Lynch is Vice Chairman and a Director of FMR and FMR Co., Inc. In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served on the Special Olympics International Board of Directors (1997-2006). |
David A. Rosow (1942) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Chairman and Chief Executive Officer of International Golf Group, Inc. (golf course development, 1989-present). Previously, Mr. Rosow served as Chairman and Chief Executive Officer of Rosow & Company, Inc. (private investment company, 1989-2011), a Lead Director of Hudson United Bancorp (2001-2006) and as a Director of TD Banknorth (1996-2006). In addition, Mr. Rosow is a member (2008-present) and President (2009-present) of the Town Council of Palm Beach, Florida. |
Garnett A. Smith (1947) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Prior to Mr. Smith's retirement, he served as Chairman and Chief Executive Officer of Inbrand Corp. (manufacturer of personal absorbent products, 1990-1997). He also served as President (1986-1990) of Inbrand Corp. Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank. In addition, Mr. Smith is a board member of the Jackson Hole Land Trust (2009-present). |
Kenneth B. Robins (1969) | |
| Year of Election or Appointment: 2008 President and Treasurer of Fidelity's Equity and High Income Funds. Mr. Robins also serves as President and Treasurer (2010-present) and Assistant Treasurer (2009-present) of other Fidelity funds and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Deputy Treasurer of the Fidelity funds (2005-2008) and Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2006-2008). |
Bruce T. Herring (1965) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present), Group Chief Investment Officer of FMR, and President of Fidelity Research & Analysis Company (2010-present). Previously, Mr. Herring served as Vice President (2005-2006) and Senior Vice President (2006-2007) of Fidelity Management & Research Company, Vice President of FMR Co., Inc. (2001-2007) and as a portfolio manager for Fidelity U.S. Equity Funds. |
Brian B. Hogan (1964) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (1968) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (1969) | |
| Year of Election or Appointment: 2009 Assistant Secretary of Fidelity's Equity and High Income Funds. Mr. Coffey also serves as Senior Vice President and Deputy General Counsel of FMR LLC (2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Vice President and Associate General Counsel of FMR LLC (2005-2009). |
Elizabeth Paige Baumann (1968) | |
| Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Baumann also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2012-present), Chief AML Officer of FMR LLC (2012-present), and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012). |
Christine Reynolds (1958) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (1968) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Compliance Officer of FMR, FMR Co., Inc., Fidelity Investments Money Management, Inc. (FIMM), Fidelity Research and Analysis Company (FRAC), Fidelity Management & Research (Japan) Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research (Hong Kong), and Strategic Advisers, Inc. (2009-present), as Senior Vice President of the Fidelity Asset Management Division (2009-present), and is an employee of Fidelity Investments. |
Joseph F. Zambello (1957) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (1967) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephen Sadoski (1971) | |
| Year of Election or Appointment: 2012 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Sadoski also serves as Deputy Treasurer of other Fidelity funds (2013-present) and is an employee of Fidelity Investments (2012-present). Previously, Mr. Sadoski served as Assistant Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2012-2013), an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche (1997-2009). |
Stacie Smith (1974) | |
| Year of Election or Appointment: 2013 Deputy Treasurer of Fidelity's Equity and High Income Funds. Ms. Smith is an employee of Fidelity Investments (2009-present). Previously, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009). |
Stephanie J. Dorsey (1969) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as President and Treasurer (2013-present) and Assistant Treasurer (2012-present) of other Fidelity funds and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Deputy Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013), Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (1958) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Mr. Hebble served as President and Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013). |
Gary W. Ryan (1958) | |
| Year of Election or Appointment: 2005 Assistant Treasurer of the Fidelity funds. Mr. Ryan is an employee of Fidelity Investments. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005). |
Jonathan Davis (1968) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:
| Pay Date | Record Date | Dividends | Capital Gains |
Spartan Total Market Index Fund |
|
|
|
|
Institutional Class | 4/15/13 | 4/12/13 | $0.13236 | $0.000 |
Fidelity Advantage Institutional Class | 4/15/13 | 4/12/13 | $0.13310 | $0.000 |
Spartan Extended Market Index Fund |
|
|
|
|
Fidelity Advantage Institutional Class | 4/15/13 | 4/12/13 | $0.06874 | $0.242 |
Spartan International Index Fund |
|
|
|
|
Institutional Class | 4/15/13 | 4/12/13 | $0.00000 | $0.000 |
Fidelity Advantage Institutional Class | 4/15/13 | 4/12/13 | $0.00000 | $0.000 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended February 28, 2013, or, if subsequently determined to be different, the net capital gain of such year.
Spartan Extended Market Index Fund | $179,343,233 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:
| April 2012 | December 2012 |
Spartan Total Market Index Fund |
|
|
Institutional Class | 97% | 95% |
Fidelity Advantage Institutional Class | 94% | 95% |
Spartan Extended Market Index Fund |
|
|
Fidelity Advantage Institutional Class | 33% | 68% |
A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
| April 2012 | December 2012 |
Spartan Total Market Index Fund |
|
|
Institutional Class | 98% | 99% |
Fidelity Advantage Institutional Class | 96% | 98% |
Spartan Extended Market Index Fund |
|
|
Fidelity Advantage Institutional Class | 39% | 74% |
Spartan International Index Fund |
|
|
Institutional Class | - | 86% |
Fidelity Advantage Institutional Class | - | 86% |
The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:
| Pay Date | Income | Taxes |
Spartan International Index Fund |
|
|
|
Institutional Class | 12/17/12 | $1.126 | $0.0715 |
Fidelity Advantage Institutional Class | 12/17/12 | $1.130 | $0.0715 |
The funds will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Smithfield, RI
Transfer and Service Agents
Fidelity Investments Institutional Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
SIF-I-UANNPRO-0413
1.938970.101
Spartan® Total Market Index
Spartan Extended Market Index
Spartan International Index
Funds -
Investor Class
Fidelity Advantage® Class
Annual Report
(Fidelity Cover Art)
February 28, 2013
Contents
Spartan® Total Market Index Fund | Shareholder Expense Example | |
| Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| Notes to the Financial Statements | |
| ||
Shareholder Expense Example | An example of shareholder expenses | |
| ||
Spartan Extended Market Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Spartan International Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Notes | Notes to the Financial Statements | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third-party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2013 FMR LLC. All rights reserved.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the funds nor Fidelity Distributors Corporation is a bank.
Annual Report
Spartan Total Market Index Fund
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of the Fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of the Fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, the Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| Annualized | Beginning | Ending | Expenses Paid |
Investor Class | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,097.70 | $ .52 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .36 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .31 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.20 | $ .23 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.60 | $ .23 |
Class F | .046% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,098.10 | $ .24 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.55 | $ .23 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period).
Annual Report
Spartan® Total Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan® Total Market Index Fund - Investor Class | 13.50% | 5.46% | 9.03% |
Spartan Total Market Index Fund - Fidelity Advantage® Class A | 13.53% | 5.50% | 9.06% |
A The initial offering of Fidelity Advantage® Class took place on October 14, 2005. Returns prior to October 14, 2005, are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan Total Market Index Fund - Investor Class on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period.
Annual Report
Spartan Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year, the fund's Investor Class and Fidelity Advantage® Class shares gained 13.50% and 13.53%, respectively, in line with the 13.56% advance of the fund's benchmark, the Dow Jones U.S. Total Stock Market IndexSM. All 10 market sectors in the index generated positive performance, with only three groups - information technology, energy and materials - producing a single-digit gain. Leading the rest were telecommunication services, health care and financials, which returned about 23%, 22% and 22%, respectively. The fund's top individual contributor in absolute terms was Pfizer, a pharmaceutical firm whose shares were up about 35% for the 12-month period. Industrial conglomerate General Electric added value, as did Internet search leader Google. In the financials sector, Berkshire Hathaway, the insurance-focused conglomerate run by billionaire investor Warren Buffett, also did well, as did global financial services institution JPMorgan Chase and telecommunication services provider AT&T, whose shares rose about 24%. The biggest absolute detractor by far was Apple, the personal electronics and computer manufacturer, whose shares returned about -17%, with the negative impact magnified by the stock's large weighting in both the index and fund. Several other notable technology stocks held back results, including microprocessor company Intel and software manufacturer Microsoft. In the energy sector, Apache and Occidental Petroleum saw its shares drop by roughly 31% and 19%, respectively, while Caterpillar, a manufacturer of construction equipment and other heavy machinery, hampered results as well.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan Total Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 2.5 | 4.0 |
Exxon Mobil Corp. | 2.4 | 2.6 |
General Electric Co. | 1.5 | 1.4 |
Chevron Corp. | 1.4 | 1.4 |
IBM Corp. | 1.3 | 1.4 |
Google, Inc. Class A | 1.3 | 1.1 |
Johnson & Johnson | 1.3 | 1.2 |
Microsoft Corp. | 1.3 | 1.5 |
Procter & Gamble Co. | 1.2 | 1.2 |
AT&T, Inc. | 1.2 | 1.4 |
| 15.4 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Information Technology | 17.4 | 19.3 |
Financials | 17.0 | 15.7 |
Consumer Discretionary | 12.0 | 11.9 |
Health Care | 11.8 | 11.6 |
Industrials | 11.1 | 10.5 |
Energy | 10.2 | 10.1 |
Consumer Staples | 9.3 | 9.6 |
Materials | 3.8 | 3.8 |
Utilities | 3.5 | 3.5 |
Telecommunication Services | 2.6 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 12.0% | |||
Auto Components - 0.4% | |||
Allison Transmission Holdings, Inc. | 27,992 | $ 646,615 | |
American Axle & Manufacturing Holdings, Inc. (a)(d) | 58,540 | 740,531 | |
BorgWarner, Inc. (a)(d) | 106,804 | 7,947,286 | |
Cooper Tire & Rubber Co. | 54,354 | 1,374,069 | |
Dana Holding Corp. (d) | 143,074 | 2,393,628 | |
Dorman Products, Inc. (d) | 25,196 | 880,852 | |
Drew Industries, Inc. | 16,139 | 587,137 | |
Exide Technologies (a) | 55,732 | 149,362 | |
Federal-Mogul Corp. Class A (a)(d) | 43,356 | 350,316 | |
Fuel Systems Solutions, Inc. (a) | 13,525 | 187,862 | |
Gentex Corp. (d) | 141,938 | 2,661,338 | |
Gentherm, Inc. (a)(d) | 22,586 | 347,824 | |
Johnson Controls, Inc. | 645,200 | 20,304,444 | |
Lear Corp. | 91,325 | 4,878,582 | |
Modine Manufacturing Co. (a) | 32,309 | 266,226 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 41,725 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 46,888 | 32,353 | |
Spartan Motors, Inc. | 44,931 | 237,685 | |
Standard Motor Products, Inc. | 17,952 | 443,953 | |
Stoneridge, Inc. (a) | 17,302 | 111,598 | |
Strattec Security Corp. | 672 | 19,118 | |
Superior Industries International, Inc. | 24,943 | 542,510 | |
Tenneco, Inc. (a) | 52,551 | 1,861,882 | |
The Goodyear Tire & Rubber Co. (a) | 217,777 | 2,826,745 | |
Tower International, Inc. (a) | 4,070 | 49,003 | |
TRW Automotive Holdings Corp. (a) | 95,106 | 5,581,771 | |
UQM Technologies, Inc. (a)(d) | 38,648 | 28,986 | |
Visteon Corp. (a) | 49,291 | 2,872,679 | |
| 58,366,080 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,560,625 | 44,899,481 | |
General Motors Co. (a)(d) | 721,012 | 19,575,476 | |
Harley-Davidson, Inc. | 211,628 | 11,137,982 | |
Tesla Motors, Inc. (a)(d) | 70,970 | 2,471,885 | |
Thor Industries, Inc. (d) | 39,293 | 1,477,024 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 443,162 | |
| 80,005,010 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 8,027 | 384,654 | |
Genuine Parts Co. | 144,858 | 10,289,264 | |
LKQ Corp. (a) | 282,518 | 5,986,556 | |
Pool Corp. (d) | 41,433 | 1,894,317 | |
VOXX International Corp. (a) | 18,073 | 179,826 | |
Weyco Group, Inc. | 1,992 | 45,936 | |
| 18,780,553 | ||
Diversified Consumer Services - 0.2% | |||
American Public Education, Inc. (a)(d) | 16,975 | 661,686 | |
| |||
Shares | Value | ||
Apollo Group, Inc. Class A (non-vtg.) (a)(d) | 111,836 | $ 1,886,673 | |
Ascent Capital Group, Inc. (a) | 16,905 | 1,159,514 | |
Bridgepoint Education, Inc. (a) | 11,294 | 115,312 | |
Bright Horizons Family Solutions, Inc. (d) | 9,900 | 276,804 | |
Capella Education Co. (a)(d) | 13,812 | 437,288 | |
Career Education Corp. (a) | 44,821 | 143,427 | |
Carriage Services, Inc. | 4,102 | 74,656 | |
Coinstar, Inc. (a)(d) | 24,683 | 1,263,523 | |
Collectors Universe, Inc. (d) | 4,772 | 52,826 | |
Corinthian Colleges, Inc. (a) | 84,173 | 179,288 | |
DeVry, Inc. (d) | 60,163 | 1,803,687 | |
Education Management Corp. (a)(d) | 26,671 | 94,949 | |
Grand Canyon Education, Inc. (a)(d) | 30,849 | 738,834 | |
H&R Block, Inc. (d) | 269,674 | 6,704,096 | |
Hillenbrand, Inc. | 60,464 | 1,492,856 | |
ITT Educational Services, Inc. (a)(d) | 22,063 | 304,028 | |
K12, Inc. (a)(d) | 35,687 | 744,074 | |
Learning Tree International, Inc. (a) | 3,285 | 12,450 | |
LifeLock, Inc. (d) | 15,276 | 177,965 | |
Lincoln Educational Services Corp. (d) | 15,671 | 98,884 | |
Mac-Gray Corp. | 7,087 | 88,021 | |
Matthews International Corp. Class A | 31,601 | 1,042,833 | |
National American University Holdings, Inc. | 5,378 | 20,920 | |
Regis Corp. | 37,626 | 678,021 | |
Service Corp. International | 236,136 | 3,669,553 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,268,645 | |
Steiner Leisure Ltd. (a) | 10,649 | 502,100 | |
Stewart Enterprises, Inc. Class A (d) | 55,722 | 471,965 | |
Strayer Education, Inc. (d) | 14,558 | 714,652 | |
Universal Technical Institute, Inc. | 29,419 | 343,026 | |
Weight Watchers International, Inc. (d) | 21,193 | 907,908 | |
| 29,130,464 | ||
Hotels, Restaurants & Leisure - 2.0% | |||
AFC Enterprises, Inc. (a) | 18,286 | 548,580 | |
Ambassadors Group, Inc. | 24,177 | 108,797 | |
Ameristar Casinos, Inc. | 27,501 | 720,526 | |
Bally Technologies, Inc. (a)(d) | 46,562 | 2,223,336 | |
Biglari Holdings, Inc. (a) | 607 | 227,249 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 669,559 | |
Bloomin' Brands, Inc. (d) | 25,018 | 430,560 | |
Bluegreen Corp. (a) | 6,427 | 62,728 | |
Bob Evans Farms, Inc. | 27,901 | 1,135,571 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 327,094 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 187,761 | |
Brinker International, Inc. | 62,217 | 2,076,803 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,087,102 | |
Burger King Worldwide, Inc. | 82,686 | 1,509,020 | |
Caesars Entertainment Corp. (d) | 22,500 | 281,250 | |
Carnival Corp. unit | 412,990 | 14,772,652 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 33,947 | |
CEC Entertainment, Inc. | 20,553 | 621,728 | |
Chipotle Mexican Grill, Inc. (a)(d) | 29,079 | 9,211,936 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Choice Hotels International, Inc. (d) | 44,031 | $ 1,674,499 | |
Churchill Downs, Inc. | 10,397 | 685,994 | |
Chuys Holdings, Inc. (d) | 5,695 | 162,364 | |
Cosi, Inc. (a)(d) | 46,943 | 40,840 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,400,283 | |
Darden Restaurants, Inc. (d) | 117,392 | 5,431,728 | |
Del Frisco's Restaurant Group, Inc. (a)(d) | 5,543 | 97,501 | |
Denny's Corp. (a) | 71,197 | 402,975 | |
DineEquity, Inc. | 12,829 | 896,619 | |
Domino's Pizza, Inc. (d) | 66,862 | 3,183,968 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,514 | |
Dover Motorsports, Inc. | 9,993 | 16,988 | |
Dunkin' Brands Group, Inc. (d) | 91,395 | 3,395,324 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 51,032 | |
Empire Resorts, Inc. (a) | 4,429 | 8,902 | |
Entertainment Gaming Asia, Inc. (a) | 8,246 | 16,162 | |
Famous Dave's of America, Inc. (a) | 2,311 | 22,740 | |
Fiesta Restaurant Group, Inc. (a) | 11,401 | 257,663 | |
Frisch's Restaurants, Inc. | 500 | 9,510 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,130,722 | |
Ignite Restaurant Group, Inc. (a) | 4,841 | 67,968 | |
International Game Technology | 268,403 | 4,278,344 | |
International Speedway Corp. Class A (d) | 20,854 | 628,540 | |
Interval Leisure Group, Inc. | 29,497 | 615,602 | |
Isle of Capri Casinos, Inc. (a) | 20,657 | 136,956 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,334,121 | |
Jamba, Inc. (a)(d) | 95,683 | 267,912 | |
Kona Grill, Inc. (a) | 4,029 | 34,247 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 61,696 | 814,387 | |
Lakes Entertainment, Inc. (a) | 2,872 | 8,673 | |
Las Vegas Sands Corp. | 337,364 | 17,370,872 | |
Life Time Fitness, Inc. (a)(d) | 34,454 | 1,451,892 | |
Luby's, Inc. (a) | 14,614 | 118,958 | |
Marcus Corp. | 22,859 | 279,108 | |
Marriott International, Inc. Class A | 251,677 | 9,928,658 | |
Marriott Vacations Worldwide Corp. (a) | 23,385 | 964,865 | |
McDonald's Corp. | 936,159 | 89,777,648 | |
MGM Mirage, Inc. (a) | 344,041 | 4,297,072 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 48,308 | |
Morgans Hotel Group Co. (a)(d) | 27,678 | 135,899 | |
MTR Gaming Group, Inc. (a) | 11,304 | 43,520 | |
Multimedia Games Holding Co., Inc. (a) | 20,726 | 387,576 | |
Norwegian Cruise Line Holdings Ltd. | 22,900 | 709,442 | |
Orient Express Hotels Ltd. Class A (a) | 89,796 | 927,593 | |
Panera Bread Co. Class A (a)(d) | 26,570 | 4,276,442 | |
Papa John's International, Inc. (a) | 19,260 | 1,001,713 | |
Penn National Gaming, Inc. (a)(d) | 61,522 | 3,066,872 | |
Pinnacle Entertainment, Inc. (a)(d) | 61,922 | 866,908 | |
Premier Exhibitions, Inc. (a) | 7,733 | 17,786 | |
| |||
Shares | Value | ||
Red Lion Hotels Corp. (a) | 3,129 | $ 22,560 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 906,440 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 48,728 | |
Royal Caribbean Cruises Ltd. | 140,250 | 4,890,518 | |
Ruby Tuesday, Inc. (a) | 44,363 | 325,624 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 307,279 | |
Scientific Games Corp. Class A (a) | 45,645 | 410,805 | |
SHFL Entertainment, Inc. (a) | 42,130 | 668,182 | |
Six Flags Entertainment Corp. (d) | 50,207 | 3,354,330 | |
Sonic Corp. (a)(d) | 98,965 | 1,117,315 | |
Speedway Motorsports, Inc. | 7,569 | 123,072 | |
Starbucks Corp. | 694,872 | 38,092,883 | |
Starwood Hotels & Resorts Worldwide, Inc. | 178,617 | 10,775,964 | |
Texas Roadhouse, Inc. Class A | 57,171 | 1,105,687 | |
The Cheesecake Factory, Inc. | 39,940 | 1,383,522 | |
Town Sports International Holdings, Inc. | 13,107 | 121,502 | |
Vail Resorts, Inc. (d) | 30,368 | 1,677,528 | |
Wendy's Co. | 250,660 | 1,426,255 | |
WMS Industries, Inc. (a) | 45,733 | 1,145,154 | |
Wyndham Worldwide Corp. | 137,748 | 8,297,940 | |
Wynn Resorts Ltd. | 72,102 | 8,428,724 | |
Yum! Brands, Inc. | 422,304 | 27,652,466 | |
| 312,265,887 | ||
Household Durables - 0.5% | |||
American Greetings Corp. Class A (d) | 30,155 | 488,511 | |
Bassett Furniture Industries, Inc. | 1,947 | 28,329 | |
Beazer Homes USA, Inc. (a)(d) | 22,468 | 349,827 | |
Blyth, Inc. (d) | 16,038 | 229,183 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,664 | |
Cobra Electronics Corp. (a) | 1,032 | 3,468 | |
CSS Industries, Inc. | 16,118 | 386,993 | |
D.R. Horton, Inc. (d) | 256,142 | 5,711,967 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 39,145 | |
Ethan Allen Interiors, Inc. (d) | 19,507 | 545,026 | |
Flexsteel Industries, Inc. | 2,547 | 58,581 | |
Furniture Brands International, Inc. (a)(d) | 57,083 | 51,946 | |
Garmin Ltd. | 105,419 | 3,620,088 | |
Harman International Industries, Inc. | 71,938 | 3,053,768 | |
Helen of Troy Ltd. (a) | 30,506 | 1,131,162 | |
Hooker Furniture Corp. (d) | 13,495 | 202,560 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 177,163 | 1,036,404 | |
iRobot Corp. (a) | 21,633 | 463,812 | |
Jarden Corp. (d) | 66,002 | 4,099,384 | |
KB Home (d) | 64,653 | 1,208,365 | |
Kid Brands, Inc. (a) | 16,651 | 25,643 | |
Koss Corp. | 2,669 | 13,212 | |
La-Z-Boy, Inc. | 54,902 | 1,005,805 | |
Leggett & Platt, Inc. (d) | 123,614 | 3,780,116 | |
Lennar Corp. Class A (d) | 143,081 | 5,521,496 | |
Libbey, Inc. (a)(d) | 16,641 | 305,362 | |
Lifetime Brands, Inc. | 2,385 | 25,925 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
M.D.C. Holdings, Inc. (d) | 26,306 | $ 1,010,940 | |
M/I Homes, Inc. (a)(d) | 24,871 | 569,546 | |
Meritage Homes Corp. (a)(d) | 46,552 | 1,884,890 | |
Mohawk Industries, Inc. (a) | 51,902 | 5,502,650 | |
NACCO Industries, Inc. Class A | 6,219 | 361,262 | |
Newell Rubbermaid, Inc. | 259,791 | 6,063,522 | |
NVR, Inc. (a) | 4,152 | 4,190,198 | |
PulteGroup, Inc. (a) | 312,266 | 5,989,262 | |
Ryland Group, Inc. (d) | 35,461 | 1,266,667 | |
Sealy Corp., Inc. (a)(d) | 70,121 | 152,864 | |
Skullcandy, Inc. (a)(d) | 12,653 | 77,183 | |
Skyline Corp. (a) | 21,741 | 99,791 | |
Standard Pacific Corp. (a) | 98,412 | 801,074 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 26,443 | |
Tempur-Pedic International, Inc. (a)(d) | 59,637 | 2,449,292 | |
Toll Brothers, Inc. (a)(d) | 127,535 | 4,351,494 | |
TRI Pointe Homes, Inc. (d) | 13,100 | 241,040 | |
Tupperware Brands Corp. | 50,496 | 3,950,302 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,047 | |
Whirlpool Corp. | 72,373 | 8,174,530 | |
Zagg, Inc. (a)(d) | 21,268 | 155,894 | |
| 81,440,375 | ||
Internet & Catalog Retail - 1.0% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 104,086 | |
Amazon.com, Inc. (a) | 338,066 | 89,340,702 | |
Blue Nile, Inc. (a)(d) | 11,337 | 384,664 | |
dELiA*s, Inc. (a) | 2,977 | 3,066 | |
Expedia, Inc. | 85,724 | 5,472,620 | |
Gaiam, Inc. Class A (a)(d) | 12,609 | 45,897 | |
Geeknet, Inc. (a) | 2,810 | 44,988 | |
Groupon, Inc. Class A (a) | 268,227 | 1,215,068 | |
Hollywood Media Corp. (a) | 1,032 | 1,373 | |
HomeAway, Inc. (a) | 35,174 | 1,037,633 | |
HSN, Inc. | 33,708 | 1,803,378 | |
Kayak Software Corp. (d) | 3,291 | 131,212 | |
Liberty Media Corp.: | |||
Interactive Series A (a) | 531,914 | 11,106,364 | |
Series A (a) | 25,697 | 1,855,323 | |
Netflix, Inc. (a) | 51,856 | 9,753,076 | |
NutriSystem, Inc. (d) | 26,922 | 221,568 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 133,278 | |
Overstock.com, Inc. (a)(d) | 14,467 | 168,107 | |
PetMed Express, Inc. | 32,292 | 408,494 | |
priceline.com, Inc. (a) | 46,413 | 31,912,651 | |
Shutterfly, Inc. (a)(d) | 25,110 | 1,086,761 | |
TripAdvisor, Inc. (a) | 101,113 | 4,596,597 | |
U.S. Auto Parts Network, Inc. (a)(d) | 5,048 | 6,613 | |
ValueVision Media, Inc. Class A (a)(d) | 18,644 | 48,847 | |
Vitacost.com, Inc. (a)(d) | 15,384 | 113,688 | |
| 160,996,054 | ||
| |||
Shares | Value | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a)(d) | 18,718 | $ 680,025 | |
Black Diamond, Inc. (a)(d) | 20,004 | 159,632 | |
Brunswick Corp. (d) | 80,071 | 2,917,787 | |
Callaway Golf Co. | 77,147 | 518,428 | |
Hasbro, Inc. (d) | 104,633 | 4,187,413 | |
JAKKS Pacific, Inc. (d) | 19,661 | 239,471 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 80,194 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 33,741 | 289,160 | |
Marine Products Corp. | 11,741 | 78,900 | |
Mattel, Inc. | 313,552 | 12,777,244 | |
Meade Instruments Corp. (a) | 112 | 179 | |
Nautilus, Inc. (a) | 5,159 | 29,509 | |
Polaris Industries, Inc. | 59,267 | 5,178,158 | |
Smith & Wesson Holding Corp. (a)(d) | 80,794 | 771,583 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 103,765 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,333,412 | |
Summer Infant, Inc. (a) | 32,605 | 66,188 | |
| 29,411,048 | ||
Media - 3.3% | |||
A.H. Belo Corp. Class A | 22,177 | 111,550 | |
AMC Networks, Inc. Class A (a) | 52,862 | 3,034,279 | |
Arbitron, Inc. | 37,846 | 1,772,707 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 64,850 | |
Belo Corp. Series A (d) | 87,121 | 752,725 | |
Cablevision Systems Corp. - NY Group Class A | 252,827 | 3,537,050 | |
Carmike Cinemas, Inc. (a) | 21,753 | 340,652 | |
CBS Corp. Class B | 552,084 | 23,954,925 | |
Central European Media Enterprises Ltd. Class A (a)(d) | 17,504 | 91,546 | |
Charter Communications, Inc. Class A (a)(d) | 40,337 | 3,484,713 | |
Cinemark Holdings, Inc. | 88,767 | 2,467,723 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 312,596 | |
Comcast Corp. Class A | 2,481,691 | 98,746,485 | |
Crown Media Holdings, Inc. Class A (a) | 24,979 | 47,960 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 224,947 | |
Dex One Corp. (a) | 62,269 | 110,839 | |
Digital Cinema Destinations Co. | 1,935 | 11,571 | |
Digital Generation, Inc. (a)(d) | 26,444 | 204,941 | |
DIRECTV (a) | 572,344 | 27,569,810 | |
Discovery Communications, Inc. (a)(d) | 222,440 | 16,311,525 | |
DISH Network Corp. Class A | 211,095 | 7,346,106 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 70,761 | 1,174,633 | |
E.W. Scripps Co. Class A (a) | 24,274 | 262,402 | |
Emmis Communications Corp. Class A (a) | 7,973 | 12,837 | |
Entercom Communications Corp. Class A (a)(d) | 21,235 | 159,475 | |
Entravision Communication Corp. Class A | 63,982 | 127,964 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
FAB Universal Corp. (a)(d) | 3,212 | $ 11,242 | |
Fisher Communications, Inc. | 2,670 | 98,176 | |
Gannett Co., Inc. | 200,317 | 4,020,362 | |
Gray Television, Inc. (a) | 29,764 | 124,116 | |
Harris Interactive, Inc. (a) | 5,389 | 8,892 | |
Harte-Hanks, Inc. | 45,482 | 330,654 | |
Insignia Systems, Inc. (a) | 5,038 | 9,723 | |
Interpublic Group of Companies, Inc. | 397,857 | 5,084,612 | |
John Wiley & Sons, Inc. Class A (d) | 46,973 | 1,718,272 | |
Journal Communications, Inc. Class A (a) | 23,068 | 126,182 | |
Lamar Advertising Co. Class A (a) | 69,336 | 3,206,097 | |
Liberty Global, Inc. Class A (a)(d) | 233,612 | 16,093,531 | |
Liberty Media Corp. Class A (a) | 105,746 | 11,420,568 | |
LIN TV Corp. Class A (a)(d) | 36,007 | 409,400 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,424,514 | |
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 39,255 | 100,885 | |
Media General, Inc. Class A (a)(d) | 21,745 | 106,333 | |
Meredith Corp. (d) | 34,788 | 1,461,792 | |
Morningstar, Inc. | 26,885 | 1,843,773 | |
National CineMedia, Inc. | 40,280 | 614,270 | |
Navarre Corp. (a) | 5,954 | 11,968 | |
News Corp. Class A | 1,885,020 | 54,288,576 | |
Nexstar Broadcasting Group, Inc. Class A | 20,803 | 309,133 | |
Omnicom Group, Inc. | 246,402 | 14,175,507 | |
Outdoor Channel Holdings, Inc. | 3,578 | 26,728 | |
Pandora Media, Inc. (a)(d) | 80,080 | 976,976 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 46,564 | |
ReachLocal, Inc. (a)(d) | 5,194 | 65,081 | |
Regal Entertainment Group Class A (d) | 55,158 | 864,326 | |
Rentrak Corp. (a) | 4,521 | 94,489 | |
RLJ Entertainment, Inc. (a) | 17,180 | 67,861 | |
Saga Communications, Inc. Class A | 268 | 11,765 | |
Salem Communications Corp. Class A | 1,732 | 10,877 | |
Scholastic Corp. (d) | 25,364 | 763,456 | |
Scripps Networks Interactive, Inc. Class A | 83,052 | 5,236,429 | |
Shutterstock, Inc. (d) | 4,521 | 147,385 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 526,831 | |
Sirius XM Radio, Inc. (d) | 3,023,868 | 9,373,991 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 1,752 | |
Starz - Liberty Capital Series A (a)(d) | 101,960 | 1,892,378 | |
SuperMedia, Inc. (a)(d) | 19,383 | 78,307 | |
The Madison Square Garden Co. Class A (a) | 53,298 | 2,980,424 | |
The McClatchy Co. Class A (a)(d) | 49,260 | 128,076 | |
The New York Times Co. Class A (a)(d) | 109,097 | 1,054,968 | |
The Walt Disney Co. | 1,655,258 | 90,360,534 | |
Time Warner Cable, Inc. | 281,817 | 24,346,171 | |
Time Warner, Inc. | 883,690 | 46,985,797 | |
Valassis Communications, Inc. (d) | 33,863 | 930,894 | |
| |||
Shares | Value | ||
Viacom, Inc. Class B (non-vtg.) | 438,262 | $ 25,620,797 | |
Washington Post Co. Class B | 3,968 | 1,581,407 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 369,102 | |
| 523,778,755 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a)(d) | 53,063 | 1,766,998 | |
Dillard's, Inc. Class A | 32,687 | 2,604,500 | |
Dollar General Corp. (a) | 241,081 | 11,171,694 | |
Dollar Tree, Inc. (a) | 221,972 | 10,029,805 | |
Family Dollar Stores, Inc. | 100,910 | 5,807,371 | |
Fred's, Inc. Class A | 41,012 | 556,533 | |
Gordmans Stores, Inc. (a) | 10,233 | 136,201 | |
J.C. Penney Co., Inc. (d) | 131,144 | 2,304,200 | |
Kohl's Corp. | 200,844 | 9,258,908 | |
Macy's, Inc. | 360,200 | 14,804,220 | |
Nordstrom, Inc. | 136,880 | 7,421,634 | |
Saks, Inc. (a)(d) | 100,086 | 1,140,980 | |
Sears Holdings Corp. (a)(d) | 37,834 | 1,702,530 | |
Target Corp. | 603,803 | 38,015,437 | |
The Bon-Ton Stores, Inc. (d) | 19,775 | 212,186 | |
Tuesday Morning Corp. (a) | 26,882 | 239,250 | |
| 107,172,447 | ||
Specialty Retail - 2.4% | |||
Aarons, Inc. Class A | 69,026 | 1,883,720 | |
Abercrombie & Fitch Co. Class A | 83,791 | 3,907,174 | |
Advance Auto Parts, Inc. | 67,765 | 5,173,180 | |
Aeropostale, Inc. (a) | 70,783 | 921,595 | |
America's Car Mart, Inc. (a) | 10,422 | 497,755 | |
American Eagle Outfitters, Inc. | 183,756 | 3,800,074 | |
ANN, Inc. (a) | 46,918 | 1,327,310 | |
Asbury Automotive Group, Inc. (a) | 22,455 | 758,081 | |
Ascena Retail Group, Inc. (a)(d) | 107,818 | 1,810,264 | |
AutoNation, Inc. (a) | 53,370 | 2,336,005 | |
AutoZone, Inc. (a) | 34,149 | 12,981,742 | |
Barnes & Noble, Inc. (a)(d) | 41,457 | 652,533 | |
bebe Stores, Inc. | 66,951 | 265,126 | |
Bed Bath & Beyond, Inc. (a) | 214,039 | 12,146,713 | |
Best Buy Co., Inc. (d) | 248,339 | 4,075,243 | |
Big 5 Sporting Goods Corp. | 16,237 | 253,135 | |
Body Central Corp. (a) | 23,522 | 181,355 | |
Books-A-Million, Inc. (a)(d) | 4,414 | 10,770 | |
Brown Shoe Co., Inc. (d) | 39,452 | 647,013 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 20,164 | |
Cabela's, Inc. Class A (a)(d) | 43,517 | 2,201,525 | |
Cache, Inc. (a)(d) | 2,880 | 12,384 | |
CarMax, Inc. (a) | 213,259 | 8,191,278 | |
Chico's FAS, Inc. (d) | 157,246 | 2,670,037 | |
Christopher & Banks Corp. (a) | 22,706 | 137,371 | |
Citi Trends, Inc. (a)(d) | 14,433 | 148,516 | |
Coldwater Creek, Inc. (a)(d) | 13,235 | 47,514 | |
Conn's, Inc. (a)(d) | 15,280 | 489,571 | |
Destination Maternity Corp. | 9,860 | 220,765 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Destination XL Group, Inc. (a)(d) | 42,389 | $ 192,446 | |
Dick's Sporting Goods, Inc. | 83,168 | 4,158,400 | |
DSW, Inc. Class A (d) | 26,500 | 1,793,785 | |
Express, Inc. (a) | 81,477 | 1,507,325 | |
Finish Line, Inc. Class A | 36,835 | 667,082 | |
Five Below, Inc. | 9,429 | 375,274 | |
Foot Locker, Inc. | 137,615 | 4,705,057 | |
Francescas Holdings Corp. (a)(d) | 39,040 | 993,568 | |
GameStop Corp. Class A (d) | 113,091 | 2,834,060 | |
Gap, Inc. | 291,066 | 9,581,893 | |
Genesco, Inc. (a)(d) | 19,944 | 1,170,314 | |
GNC Holdings, Inc. | 68,927 | 2,826,007 | |
Group 1 Automotive, Inc. | 17,193 | 992,724 | |
Guess?, Inc. (d) | 49,289 | 1,364,812 | |
Haverty Furniture Companies, Inc. | 22,550 | 413,793 | |
hhgregg, Inc. (a)(d) | 15,184 | 142,122 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,201,106 | |
Home Depot, Inc. | 1,399,366 | 95,856,571 | |
Hot Topic, Inc. (d) | 51,429 | 555,433 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 23,081 | 957,862 | |
Kirkland's, Inc. (a) | 10,699 | 124,536 | |
Limited Brands, Inc. | 219,825 | 10,006,434 | |
Lithia Motors, Inc. Class A (sub. vtg.) (d) | 20,666 | 849,373 | |
Lowe's Companies, Inc. | 1,050,958 | 40,094,048 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 25,466 | 1,507,333 | |
MarineMax, Inc. (a)(d) | 10,125 | 131,119 | |
Mattress Firm Holding Corp. (a)(d) | 7,207 | 200,715 | |
Monro Muffler Brake, Inc. (d) | 28,456 | 1,054,295 | |
New York & Co., Inc. (a) | 19,427 | 83,730 | |
O'Reilly Automotive, Inc. (a) | 111,111 | 11,304,433 | |
Office Depot, Inc. (a) | 247,217 | 996,285 | |
OfficeMax, Inc. | 117,377 | 1,405,003 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 127,454 | |
Penske Automotive Group, Inc. | 46,027 | 1,369,764 | |
Perfumania Holdings, Inc. (a) | 876 | 5,387 | |
PetSmart, Inc. | 105,988 | 6,900,879 | |
Pier 1 Imports, Inc. (d) | 103,847 | 2,333,442 | |
RadioShack Corp. (d) | 82,121 | 246,363 | |
Rent-A-Center, Inc. (d) | 61,802 | 2,242,177 | |
Restoration Hardware Holdings, Inc. (d) | 4,814 | 185,869 | |
Ross Stores, Inc. | 207,497 | 12,026,526 | |
rue21, Inc. (a)(d) | 10,092 | 272,484 | |
Sally Beauty Holdings, Inc. (a)(d) | 137,637 | 3,818,050 | |
Sears Hometown & Outlet Stores, Inc. (a) | 10,000 | 445,700 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,035,287 | |
Shoe Carnival, Inc. | 8,791 | 170,809 | |
Signet Jewelers Ltd. (d) | 75,093 | 4,597,193 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 32,657 | 729,557 | |
Stage Stores, Inc. | 23,252 | 574,092 | |
Staples, Inc. (d) | 620,676 | 8,180,510 | |
Stein Mart, Inc. | 16,975 | 144,457 | |
| |||
Shares | Value | ||
Systemax, Inc. | 6,560 | $ 65,272 | |
The Buckle, Inc. (d) | 22,180 | 993,886 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 795,075 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 840,055 | |
The Men's Wearhouse, Inc. | 53,679 | 1,509,453 | |
The Pep Boys - Manny, Moe & Jack (a)(d) | 83,764 | 932,293 | |
Tiffany & Co., Inc. (d) | 117,916 | 7,919,239 | |
Tile Shop Holdings, Inc. (a) | 29,018 | 511,587 | |
Tilly's, Inc. (a) | 6,806 | 90,384 | |
TJX Companies, Inc. | 679,027 | 30,535,844 | |
Tractor Supply Co. | 64,603 | 6,718,066 | |
Trans World Entertainment Corp. | 2,977 | 11,283 | |
Ulta Salon, Cosmetics & Fragrance, Inc. | 53,900 | 4,773,384 | |
Urban Outfitters, Inc. (a) | 100,078 | 4,055,161 | |
Vitamin Shoppe, Inc. (a)(d) | 26,676 | 1,401,824 | |
West Marine, Inc. (a) | 3,285 | 41,095 | |
Wet Seal, Inc. Class A (a) | 66,930 | 196,774 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,829,172 | |
Winmark Corp. | 391 | 24,172 | |
Zale Corp. (a)(d) | 22,527 | 88,531 | |
Zumiez, Inc. (a)(d) | 17,893 | 409,750 | |
| 378,963,151 | ||
Textiles, Apparel & Luxury Goods - 0.7% | |||
American Apparel, Inc. (a)(d) | 42,333 | 56,303 | |
Carter's, Inc. (a)(d) | 47,035 | 2,653,244 | |
Cherokee, Inc. | 20,319 | 283,856 | |
Coach, Inc. | 263,207 | 12,720,794 | |
Columbia Sportswear Co. (d) | 17,213 | 955,838 | |
Crocs, Inc. (a) | 79,497 | 1,205,175 | |
Culp, Inc. | 7,038 | 110,567 | |
Deckers Outdoor Corp. (a)(d) | 36,096 | 1,456,113 | |
Delta Apparel, Inc. (a)(d) | 1,905 | 31,223 | |
Fifth & Pacific Companies, Inc. (a)(d) | 107,666 | 1,947,678 | |
Fossil, Inc. (a) | 50,709 | 5,211,364 | |
G-III Apparel Group Ltd. (a)(d) | 12,799 | 467,164 | |
Hanesbrands, Inc. (a)(d) | 86,732 | 3,438,056 | |
Iconix Brand Group, Inc. (a)(d) | 61,164 | 1,444,694 | |
Joe's Jeans, Inc. (a)(d) | 32,503 | 45,179 | |
K-Swiss, Inc. Class A (a) | 23,242 | 109,470 | |
Maidenform Brands, Inc. (a) | 18,000 | 345,420 | |
Michael Kors Holdings Ltd. (a)(d) | 108,297 | 6,419,846 | |
Movado Group, Inc. | 14,045 | 506,182 | |
NIKE, Inc. Class B | 686,074 | 37,363,590 | |
Oxford Industries, Inc. (d) | 12,480 | 606,653 | |
Perry Ellis International, Inc. | 7,954 | 129,014 | |
PVH Corp. | 73,938 | 9,009,345 | |
Quiksilver, Inc. (a)(d) | 122,287 | 764,294 | |
R.G. Barry Corp. | 3,640 | 44,918 | |
Ralph Lauren Corp. | 56,208 | 9,750,402 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 32,235 | 673,712 | |
Steven Madden Ltd. (a) | 35,946 | 1,584,859 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Superior Uniform Group, Inc. | 859 | $ 10,007 | |
The Jones Group, Inc. | 62,712 | 723,696 | |
True Religion Apparel, Inc. | 28,057 | 748,841 | |
Tumi Holdings, Inc. (d) | 16,160 | 382,022 | |
Under Armour, Inc. Class A (sub. vtg.) (a) | 74,542 | 3,673,430 | |
Unifi, Inc. (a) | 18,843 | 295,081 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 412,322 | |
VF Corp. | 81,630 | 13,163,654 | |
Wolverine World Wide, Inc. (d) | 42,482 | 1,792,740 | |
| 120,536,746 | ||
TOTAL CONSUMER DISCRETIONARY | 1,900,846,570 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 1.9% | |||
Beam, Inc. | 155,347 | 9,480,827 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 1,201,629 | |
Brown-Forman Corp. Class B (non-vtg.) | 139,755 | 9,170,723 | |
Central European Distribution Corp. (a)(d) | 99,939 | 72,296 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 202,440 | |
Coca-Cola Enterprises, Inc. | 270,815 | 9,689,761 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 138,226 | 6,115,118 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 39,052 | |
Crimson Wine Group Ltd. (a) | 1,943 | 15,641 | |
Dr. Pepper Snapple Group, Inc. | 203,653 | 8,883,344 | |
MGP Ingredients, Inc. | 4,299 | 17,798 | |
Molson Coors Brewing Co. Class B | 144,316 | 6,380,210 | |
Monster Beverage Corp. (a) | 137,421 | 6,930,141 | |
National Beverage Corp. | 7,694 | 102,946 | |
PepsiCo, Inc. | 1,442,437 | 109,293,451 | |
Primo Water Corp. (a)(d) | 8,907 | 9,085 | |
REED'S, Inc. (a)(d) | 1,830 | 7,521 | |
The Coca-Cola Co. | 3,614,328 | 139,946,780 | |
| 307,558,763 | ||
Food & Staples Retailing - 2.0% | |||
Andersons, Inc. | 16,533 | 811,440 | |
Arden Group, Inc. Class A | 86 | 7,836 | |
Casey's General Stores, Inc. (d) | 33,387 | 1,889,370 | |
Chefs' Warehouse Holdings (a)(d) | 6,997 | 125,946 | |
Costco Wholesale Corp. | 405,498 | 41,072,892 | |
Crumbs Bake Shop, Inc. (a)(d) | 5,760 | 14,688 | |
CVS Caremark Corp. | 1,165,150 | 59,562,468 | |
Fresh Market, Inc. (a)(d) | 36,436 | 1,698,646 | |
Harris Teeter Supermarkets, Inc. | 65,364 | 2,810,652 | |
Ingles Markets, Inc. Class A | 19,385 | 398,556 | |
Kroger Co. | 476,839 | 13,928,467 | |
Nash-Finch Co. | 11,468 | 219,842 | |
| |||
Shares | Value | ||
Natural Grocers by Vitamin Cottage, Inc. (d) | 6,984 | $ 144,569 | |
Pizza Inn Holdings, Inc. (a)(d) | 9,079 | 28,599 | |
PriceSmart, Inc. (d) | 17,002 | 1,260,698 | |
Rite Aid Corp. (a) | 682,788 | 1,119,772 | |
Roundy's, Inc. (d) | 8,260 | 47,330 | |
Safeway, Inc. (d) | 265,495 | 6,334,711 | |
Spartan Stores, Inc. | 24,920 | 415,167 | |
SUPERVALU, Inc. (d) | 203,563 | 808,145 | |
Susser Holdings Corp. (a)(d) | 14,504 | 642,237 | |
Sysco Corp. | 541,988 | 17,430,334 | |
The Pantry, Inc. (a) | 24,320 | 302,541 | |
United Natural Foods, Inc. (a) | 43,201 | 2,186,835 | |
Village Super Market, Inc. Class A | 3,352 | 109,778 | |
Wal-Mart Stores, Inc. | 1,567,752 | 110,965,487 | |
Walgreen Co. | 805,739 | 32,986,955 | |
Weis Markets, Inc. | 9,706 | 392,705 | |
Whole Foods Market, Inc. | 158,987 | 13,612,467 | |
| 311,329,133 | ||
Food Products - 1.8% | |||
Alico, Inc. | 172 | 7,370 | |
Annie's, Inc. | 7,023 | 294,685 | |
Archer Daniels Midland Co. | 615,354 | 19,605,178 | |
B&G Foods, Inc. Class A (d) | 45,939 | 1,350,607 | |
Boulder Brands, Inc. (a)(d) | 68,009 | 579,437 | |
Bunge Ltd. (d) | 137,909 | 10,220,436 | |
Cal-Maine Foods, Inc. | 14,807 | 599,535 | |
Calavo Growers, Inc. (d) | 8,788 | 247,382 | |
Campbell Soup Co. | 184,577 | 7,597,189 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 191,001 | |
Coffee Holding Co., Inc. | 3,401 | 24,997 | |
ConAgra Foods, Inc. | 369,281 | 12,596,175 | |
Darling International, Inc. (a) | 125,934 | 2,101,838 | |
Dean Foods Co. (a) | 165,929 | 2,754,421 | |
Diamond Foods, Inc. (d) | 18,346 | 284,913 | |
Dole Food Co., Inc. (a)(d) | 28,149 | 315,269 | |
Farmer Brothers Co. (a) | 3,100 | 39,339 | |
Flowers Foods, Inc. | 120,921 | 3,407,554 | |
Fresh Del Monte Produce, Inc. | 38,697 | 1,009,605 | |
General Mills, Inc. | 594,950 | 27,516,438 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 115,161 | 5,500,089 | |
H.J. Heinz Co. | 295,763 | 21,422,114 | |
Hain Celestial Group, Inc. (a)(d) | 40,266 | 2,204,564 | |
Hillshire Brands Co. | 104,379 | 3,381,880 | |
Hormel Foods Corp. | 148,701 | 5,562,904 | |
Ingredion, Inc. | 69,989 | 4,633,272 | |
J&J Snack Foods Corp. | 11,932 | 825,933 | |
John B. Sanfilippo & Son, Inc. | 4,594 | 87,562 | |
Kellogg Co. | 225,848 | 13,663,804 | |
Kraft Foods Group, Inc. | 551,454 | 26,728,975 | |
Lancaster Colony Corp. | 17,892 | 1,309,158 | |
Limoneira Co. | 3,738 | 73,676 | |
McCormick & Co., Inc. (non-vtg.) | 124,088 | 8,347,400 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Mead Johnson Nutrition Co. Class A | 189,296 | $ 14,180,163 | |
Mondelez International, Inc. | 1,657,567 | 45,831,728 | |
Omega Protein Corp. (a) | 32,056 | 265,424 | |
Pilgrims Pride Corp. (a)(d) | 54,584 | 480,885 | |
Post Holdings, Inc. (a) | 28,839 | 1,114,916 | |
Sanderson Farms, Inc. (d) | 16,208 | 822,232 | |
Seneca Foods Corp. Class A (a) | 7,029 | 214,525 | |
Smithfield Foods, Inc. (a) | 121,954 | 2,712,257 | |
Snyders-Lance, Inc. | 50,907 | 1,260,457 | |
The Hershey Co. | 144,101 | 12,009,377 | |
The J.M. Smucker Co. | 102,284 | 9,747,665 | |
Tootsie Roll Industries, Inc. (d) | 29,529 | 829,174 | |
TreeHouse Foods, Inc. (a) | 37,174 | 2,170,590 | |
Tyson Foods, Inc. Class A | 265,963 | 6,029,381 | |
WhiteWave Foods Co. (d) | 22,752 | 355,841 | |
| 282,509,315 | ||
Household Products - 1.9% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 303,053 | |
Church & Dwight Co., Inc. (d) | 135,097 | 8,370,610 | |
Clorox Co. | 117,785 | 9,895,118 | |
Colgate-Palmolive Co. | 416,187 | 47,624,278 | |
Energizer Holdings, Inc. | 57,715 | 5,305,740 | |
Harbinger Group, Inc. (a) | 9,831 | 84,252 | |
Kimberly-Clark Corp. | 363,072 | 34,230,428 | |
Oil-Dri Corp. of America | 644 | 17,723 | |
Orchids Paper Products Co. | 2,087 | 45,747 | |
Procter & Gamble Co. | 2,559,499 | 194,982,634 | |
Spectrum Brands Holdings, Inc. | 23,337 | 1,262,298 | |
WD-40 Co. | 17,410 | 943,796 | |
| 303,065,677 | ||
Personal Products - 0.2% | |||
Avon Products, Inc. | 410,247 | 8,020,329 | |
Cyanotech Corp. (a) | 2,300 | 10,120 | |
Elizabeth Arden, Inc. (a)(d) | 22,677 | 882,135 | |
Estee Lauder Companies, Inc. Class A | 220,556 | 14,137,640 | |
Herbalife Ltd. (d) | 102,302 | 4,121,748 | |
Inter Parfums, Inc. | 14,485 | 362,994 | |
LifeVantage Corp. (a)(d) | 61,077 | 154,525 | |
Mannatech, Inc. (a) | 599 | 3,444 | |
MediFast, Inc. (a)(d) | 10,225 | 237,016 | |
Nature's Sunshine Products, Inc. (d) | 2,859 | 41,341 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 2,217,837 | |
Nutraceutical International Corp. | 4,799 | 78,656 | |
Prestige Brands Holdings, Inc. (a)(d) | 44,548 | 1,059,797 | |
Revlon, Inc. (a) | 13,966 | 314,933 | |
Star Scientific, Inc. (a)(d) | 92,291 | 163,355 | |
The Female Health Co. (d) | 4,862 | 34,520 | |
USANA Health Sciences, Inc. (a)(d) | 12,622 | 559,028 | |
| 32,399,418 | ||
| |||
Shares | Value | ||
Tobacco - 1.5% | |||
Alliance One International, Inc. (a)(d) | 89,449 | $ 333,645 | |
Altria Group, Inc. | 1,890,644 | 63,431,106 | |
Lorillard, Inc. | 357,231 | 13,767,683 | |
Philip Morris International, Inc. | 1,566,647 | 143,739,862 | |
Reynolds American, Inc. | 311,872 | 13,622,569 | |
Universal Corp. | 28,408 | 1,584,882 | |
Vector Group Ltd. (d) | 57,232 | 918,574 | |
| 237,398,321 | ||
TOTAL CONSUMER STAPLES | 1,474,260,627 | ||
ENERGY - 10.2% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 74,378 | 3,804,435 | |
Baker Hughes, Inc. | 406,618 | 18,224,619 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 455,768 | |
Bolt Technology Corp. | 7,172 | 111,883 | |
Bristow Group, Inc. | 35,526 | 2,069,745 | |
C&J Energy Services, Inc. (a) | 39,339 | 952,004 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 141,817 | |
Cameron International Corp. (a) | 227,925 | 14,523,381 | |
Carbo Ceramics, Inc. (d) | 17,768 | 1,613,334 | |
Dawson Geophysical Co. (a) | 7,871 | 243,214 | |
Diamond Offshore Drilling, Inc. (d) | 67,074 | 4,673,716 | |
Dresser-Rand Group, Inc. (a)(d) | 66,371 | 4,092,436 | |
Dril-Quip, Inc. (a)(d) | 35,273 | 2,900,499 | |
ENGlobal Corp. (a) | 5,637 | 3,269 | |
Ensco PLC Class A | 218,569 | 13,144,740 | |
Era Group, Inc. (a) | 20,388 | 411,634 | |
Exterran Holdings, Inc. (a)(d) | 55,256 | 1,394,109 | |
FMC Technologies, Inc. (a)(d) | 219,958 | 11,418,020 | |
Forbes Energy Services Ltd. (a) | 500 | 1,550 | |
Forum Energy Technologies, Inc. (d) | 11,487 | 306,473 | |
Geospace Technologies Corp. (a) | 13,000 | 1,265,160 | |
Global Geophysical Services, Inc. (a)(d) | 18,062 | 42,265 | |
GreenHunter Energy, Inc. | 12,193 | 20,240 | |
Gulf Island Fabrication, Inc. | 10,744 | 255,815 | |
Gulfmark Offshore, Inc. Class A | 20,706 | 739,618 | |
Halliburton Co. | 861,984 | 35,780,956 | |
Helix Energy Solutions Group, Inc. (a) | 81,255 | 1,902,180 | |
Helmerich & Payne, Inc. | 101,955 | 6,755,538 | |
Hercules Offshore, Inc. (a)(d) | 189,533 | 1,285,034 | |
Hornbeck Offshore Services, Inc. (a)(d) | 29,524 | 1,254,770 | |
ION Geophysical Corp. (a)(d) | 97,381 | 646,610 | |
Key Energy Services, Inc. (a) | 128,766 | 1,104,812 | |
Lufkin Industries, Inc. | 32,247 | 2,088,961 | |
Matrix Service Co. (a) | 19,340 | 300,930 | |
McDermott International, Inc. (a)(d) | 226,474 | 2,880,749 | |
Mitcham Industries, Inc. (a)(d) | 23,287 | 357,455 | |
Nabors Industries Ltd. | 258,579 | 4,333,784 | |
National Oilwell Varco, Inc. | 399,939 | 27,247,844 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 377,171 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Newpark Resources, Inc. (a)(d) | 85,435 | $ 752,682 | |
Noble Corp. | 237,885 | 8,521,041 | |
Oceaneering International, Inc. | 101,325 | 6,443,257 | |
Oil States International, Inc. (a)(d) | 51,844 | 3,947,921 | |
Parker Drilling Co. (a) | 122,844 | 584,737 | |
Patterson-UTI Energy, Inc. | 135,919 | 3,172,349 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 579,794 | |
Pioneer Energy Services Corp. (a) | 48,304 | 421,694 | |
RigNet, Inc. (a)(d) | 15,376 | 301,677 | |
Rowan Companies PLC (a) | 117,283 | 4,056,819 | |
RPC, Inc. (d) | 65,463 | 1,059,191 | |
Schlumberger Ltd. | 1,242,067 | 96,694,916 | |
SEACOR Holdings, Inc. (d) | 20,388 | 1,416,558 | |
Superior Energy Services, Inc. (a) | 151,895 | 4,017,623 | |
Tesco Corp. (a) | 25,016 | 317,953 | |
TETRA Technologies, Inc. (a)(d) | 67,813 | 625,914 | |
TGC Industries, Inc. | 12,062 | 115,433 | |
Tidewater, Inc. | 43,850 | 2,075,421 | |
Transocean Ltd. (United States) | 335,485 | 17,545,866 | |
Unit Corp. (a)(d) | 41,417 | 1,883,645 | |
Weatherford International Ltd. (a) | 699,745 | 8,312,971 | |
Willbros Group, Inc. (a) | 35,988 | 242,919 | |
| 332,216,919 | ||
Oil, Gas & Consumable Fuels - 8.1% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 258,310 | |
Adams Resources & Energy, Inc. | 1,804 | 71,817 | |
Alon USA Energy, Inc. | 9,432 | 183,830 | |
Alpha Natural Resources, Inc. (a)(d) | 204,525 | 1,632,110 | |
Amyris, Inc. (a)(d) | 41,172 | 120,634 | |
Anadarko Petroleum Corp. | 465,845 | 37,071,945 | |
Apache Corp. | 367,367 | 27,284,347 | |
APCO Oil and Gas International, Inc. | 12,221 | 162,539 | |
Approach Resources, Inc. (a)(d) | 29,242 | 723,740 | |
Arch Coal, Inc. | 201,141 | 1,051,967 | |
Barnwell Industries, Inc. (a) | 2,847 | 9,481 | |
Berry Petroleum Co. Class A (d) | 38,847 | 1,778,027 | |
Bill Barrett Corp. (a)(d) | 37,315 | 673,536 | |
BioFuel Energy Corp. (a)(d) | 979 | 4,944 | |
Bonanza Creek Energy, Inc. (a)(d) | 18,196 | 615,571 | |
BPZ Energy, Inc. (a)(d) | 134,116 | 329,925 | |
Cabot Oil & Gas Corp. | 196,920 | 12,203,132 | |
Callon Petroleum Co. (a) | 31,499 | 169,780 | |
Carrizo Oil & Gas, Inc. (a)(d) | 36,358 | 854,049 | |
Ceres, Inc. | 2,484 | 9,961 | |
Cheniere Energy, Inc. (a) | 203,342 | 4,331,185 | |
Chesapeake Energy Corp. (d) | 476,743 | 9,611,139 | |
Chevron Corp. | 1,834,942 | 214,963,455 | |
Cimarex Energy Co. (d) | 80,895 | 5,445,042 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 307,834 | |
Clean Energy Fuels Corp. (a)(d) | 67,120 | 844,370 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 935,604 | |
| |||
Shares | Value | ||
Cobalt International Energy, Inc. (a)(d) | 161,814 | $ 3,991,951 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 458,844 | |
Concho Resources, Inc. (a)(d) | 97,403 | 8,762,374 | |
ConocoPhillips | 1,134,704 | 65,756,097 | |
CONSOL Energy, Inc. | 213,487 | 6,863,607 | |
Contango Oil & Gas Co. (d) | 16,222 | 628,765 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,051,816 | |
Crimson Exploration, Inc. (a) | 12,416 | 40,104 | |
Crosstex Energy, Inc. (d) | 45,920 | 765,486 | |
Cubic Energy, Inc. (a) | 25,301 | 5,624 | |
CVR Energy, Inc. | 13,732 | 771,464 | |
Delek US Holdings, Inc. | 36,764 | 1,373,503 | |
Denbury Resources, Inc. (a)(d) | 362,076 | 6,560,817 | |
Devon Energy Corp. | 349,289 | 18,952,421 | |
DHT Holdings, Inc. | 4,997 | 21,487 | |
Diamondback Energy, Inc. | 12,429 | 282,263 | |
Double Eagle Petroleum Co. (a) | 1,282 | 6,038 | |
Emerald Oil, Inc. (a) | 18,010 | 124,269 | |
Endeavour International Corp. (a)(d) | 33,475 | 84,692 | |
Energen Corp. | 73,288 | 3,388,837 | |
EOG Resources, Inc. | 252,479 | 31,739,135 | |
EPL Oil & Gas, Inc. (a) | 30,399 | 782,166 | |
EQT Corp. | 139,951 | 8,829,509 | |
Evolution Petroleum Corp. (a)(d) | 6,950 | 71,238 | |
EXCO Resources, Inc. (d) | 115,116 | 764,370 | |
Exxon Mobil Corp. | 4,270,778 | 382,448,170 | |
Forest Oil Corp. (a)(d) | 96,618 | 560,384 | |
FX Energy, Inc. (a)(d) | 35,252 | 124,440 | |
Gasco Energy, Inc. (a) | 97,844 | 5,675 | |
Gastar Exploration Ltd. (a) | 74,542 | 85,723 | |
Gevo, Inc. (a)(d) | 17,509 | 34,668 | |
GMX Resources, Inc. (a)(d) | 5,751 | 13,860 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 429,740 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 134,379 | |
Gulfport Energy Corp. (a) | 61,924 | 2,535,788 | |
Halcon Resources Corp. (a)(d) | 102,301 | 726,337 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 179,969 | |
Hess Corp. | 277,626 | 18,462,129 | |
HollyFrontier Corp. | 189,781 | 10,665,692 | |
Houston American Energy Corp. (a)(d) | 36,485 | 8,392 | |
Hyperdynamics Corp. (a)(d) | 268,169 | 139,475 | |
Isramco, Inc. (a) | 123 | 12,138 | |
James River Coal Co. (a)(d) | 31,067 | 82,328 | |
Kinder Morgan Holding Co. LLC | 583,849 | 21,643,282 | |
KiOR, Inc. Class A (a)(d) | 14,609 | 80,496 | |
Kodiak Oil & Gas Corp. (a) | 306,801 | 2,730,529 | |
Laredo Petroleum Holdings, Inc. (a) | 29,519 | 505,956 | |
Lucas Energy, Inc. (a) | 9,400 | 12,032 | |
Magellan Petroleum Corp. (a) | 35,895 | 39,126 | |
Magnum Hunter Resources Corp. (a)(d) | 135,725 | 525,256 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 546 | |
Marathon Oil Corp. | 658,184 | 22,049,164 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Marathon Petroleum Corp. | 317,320 | $ 26,299,482 | |
Matador Resources Co. (d) | 19,175 | 149,757 | |
McMoRan Exploration Co. (a) | 119,052 | 1,915,547 | |
Midstates Petroleum Co., Inc. | 20,651 | 154,056 | |
Miller Energy Resources, Inc. (a)(d) | 32,422 | 127,094 | |
Murphy Oil Corp. | 169,996 | 10,349,356 | |
Newfield Exploration Co. (a) | 125,514 | 2,901,884 | |
Noble Energy, Inc. | 166,064 | 18,404,873 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 618,773 | |
Oasis Petroleum, Inc. (a)(d) | 64,744 | 2,376,105 | |
Occidental Petroleum Corp. | 758,827 | 62,474,227 | |
Pacific Ethanol, Inc. (a)(d) | 128,037 | 49,294 | |
Panhandle Royalty Co. Class A | 6,335 | 172,565 | |
PBF Energy, Inc. Class A | 22,067 | 921,297 | |
PDC Energy, Inc. (a)(d) | 25,121 | 1,171,643 | |
Peabody Energy Corp. | 250,217 | 5,394,679 | |
Penn Virginia Corp. (d) | 41,256 | 167,912 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 272,440 | |
Phillips 66 | 586,698 | 36,938,506 | |
Pioneer Natural Resources Co. | 113,759 | 14,312,020 | |
Plains Exploration & Production Co. (a) | 134,043 | 6,081,531 | |
QEP Resources, Inc. | 166,921 | 5,084,414 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 174,033 | |
Range Resources Corp. (d) | 149,693 | 11,496,422 | |
Recovery Energy, Inc. (a)(d) | 8,026 | 14,848 | |
Renewable Energy Group, Inc. (a)(d) | 7,119 | 52,609 | |
Rentech, Inc. | 169,556 | 462,888 | |
Resolute Energy Corp. (a)(d) | 29,689 | 302,234 | |
Rex American Resources Corp. (a) | 3,020 | 69,762 | |
Rex Energy Corp. (a)(d) | 32,188 | 433,894 | |
Rosetta Resources, Inc. (a)(d) | 44,961 | 2,188,701 | |
Royale Energy, Inc. (a)(d) | 5,368 | 13,044 | |
Sanchez Energy Corp. (a)(d) | 7,390 | 136,789 | |
SandRidge Energy, Inc. (a)(d) | 334,445 | 1,906,337 | |
Saratoga Resources, Inc. (a) | 16,554 | 49,828 | |
SemGroup Corp. Class A (a) | 56,834 | 2,619,479 | |
SM Energy Co. (d) | 62,332 | 3,607,776 | |
Solazyme, Inc. (a)(d) | 23,891 | 208,568 | |
Southwestern Energy Co. (a) | 327,623 | 11,227,640 | |
Spectra Energy Corp. | 611,633 | 17,761,822 | |
Stone Energy Corp. (a)(d) | 41,697 | 852,704 | |
Swift Energy Co. (a)(d) | 29,835 | 403,369 | |
Synergy Resources Corp. (a)(d) | 26,560 | 176,093 | |
Syntroleum Corp. (a) | 150,374 | 68,420 | |
Targa Resources Corp. | 22,682 | 1,383,602 | |
Teekay Corp. | 34,398 | 1,193,611 | |
Tengasco, Inc. (a) | 12,601 | 8,436 | |
Tesoro Corp. | 129,036 | 7,256,985 | |
The Williams Companies, Inc. | 627,283 | 21,772,993 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 2,442,685 | |
Uranium Energy Corp. (a)(d) | 54,945 | 126,923 | |
| |||
Shares | Value | ||
Uranium Resources, Inc. (a)(d) | 26,282 | $ 70,961 | |
US Energy Corp. (a) | 13,579 | 23,763 | |
USEC, Inc. (a)(d) | 83,065 | 39,871 | |
VAALCO Energy, Inc. (a)(d) | 68,248 | 553,491 | |
Valero Energy Corp. | 516,190 | 23,533,102 | |
Verenium Corp. (a) | 522 | 1,274 | |
W&T Offshore, Inc. | 37,319 | 554,560 | |
Warren Resources, Inc. (a)(d) | 48,923 | 128,178 | |
Western Refining, Inc. | 53,248 | 1,911,071 | |
Westmoreland Coal Co. (a) | 10,233 | 107,447 | |
Whiting Petroleum Corp. (a) | 109,106 | 5,313,462 | |
World Fuel Services Corp. | 70,210 | 2,670,086 | |
WPX Energy, Inc. (a)(d) | 177,241 | 2,515,050 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 30,894 | |
Zion Oil & Gas, Inc. (a)(d) | 13,122 | 15,746 | |
| 1,274,179,731 | ||
TOTAL ENERGY | 1,606,396,650 | ||
FINANCIALS - 17.0% | |||
Capital Markets - 2.0% | |||
Affiliated Managers Group, Inc. (a) | 48,529 | 7,096,396 | |
Ameriprise Financial, Inc. | 193,199 | 13,259,247 | |
Arlington Asset Investment Corp. | 9,211 | 237,644 | |
Artio Global Investors, Inc. Class A | 48,721 | 132,521 | |
Bank of New York Mellon Corp. | 1,100,094 | 29,856,551 | |
BGC Partners, Inc. Class A | 92,324 | 394,223 | |
BlackRock, Inc. Class A | 116,972 | 28,044,037 | |
Calamos Asset Management, Inc. Class A | 22,184 | 248,017 | |
Charles Schwab Corp. | 1,009,176 | 16,389,018 | |
CIFI Corp. (a) | 3,896 | 32,960 | |
Cohen & Steers, Inc. | 17,375 | 572,854 | |
Cowen Group, Inc. Class A (a) | 80,174 | 209,254 | |
Diamond Hill Investment Group, Inc. | 1,102 | 82,672 | |
Duff & Phelps Corp. Class A | 22,401 | 348,112 | |
E*TRADE Financial Corp. (a) | 224,502 | 2,404,416 | |
Eaton Vance Corp. (non-vtg.) (d) | 104,783 | 4,001,663 | |
Epoch Holding Corp. | 13,351 | 373,160 | |
Evercore Partners, Inc. Class A | 25,847 | 1,051,973 | |
FBR Capital Markets Corp. (a) | 11,471 | 202,578 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 80,486 | 1,868,885 | |
Financial Engines, Inc. | 37,117 | 1,212,984 | |
Franklin Resources, Inc. | 129,776 | 18,330,860 | |
FXCM, Inc. Class A (d) | 51,378 | 675,621 | |
GAMCO Investors, Inc. Class A | 6,083 | 325,441 | |
GFI Group, Inc. | 69,449 | 243,766 | |
Gleacher & Co., Inc. (a) | 36,175 | 21,235 | |
Goldman Sachs Group, Inc. | 412,530 | 61,780,493 | |
Greenhill & Co., Inc. | 23,725 | 1,442,006 | |
HFF, Inc. | 24,812 | 455,548 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
ICG Group, Inc. (a) | 32,808 | $ 427,488 | |
Institutional Financial Markets, Inc. | 6,881 | 18,923 | |
INTL FCStone, Inc. (a)(d) | 15,053 | 268,546 | |
Invesco Ltd. | 400,700 | 10,734,753 | |
Investment Technology Group, Inc. (a) | 55,680 | 674,285 | |
Janus Capital Group, Inc. (d) | 187,399 | 1,735,315 | |
JMP Group, Inc. | 11,989 | 71,335 | |
Knight Capital Group, Inc. Class A (a) | 70,305 | 260,129 | |
Ladenburg Thalmann Financial Services, Inc. (a) | 42,620 | 55,406 | |
Legg Mason, Inc. | 149,276 | 4,254,366 | |
LPL Financial | 55,040 | 1,735,411 | |
Manning & Napier, Inc. | 3,941 | 58,879 | |
Medallion Financial Corp. | 4,309 | 56,017 | |
Morgan Stanley | 1,286,946 | 29,020,632 | |
Northern Trust Corp. | 199,951 | 10,631,395 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 129,352 | |
Piper Jaffray Companies (a)(d) | 20,940 | 807,656 | |
Pzena Investment Management, Inc. | 4,972 | 31,274 | |
Raymond James Financial, Inc. | 100,886 | 4,426,878 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 404,919 | |
SEI Investments Co. | 130,771 | 3,696,896 | |
State Street Corp. | 433,197 | 24,514,618 | |
Stifel Financial Corp. (a)(d) | 43,239 | 1,493,475 | |
SWS Group, Inc. (a) | 24,189 | 155,051 | |
T. Rowe Price Group, Inc. | 236,667 | 16,848,324 | |
TD Ameritrade Holding Corp. (d) | 223,704 | 4,252,613 | |
Teton Advisors, Inc. (a) | 106 | 2,014 | |
U.S. Global Investments, Inc. Class A | 7,637 | 29,021 | |
Virtus Investment Partners, Inc. (a)(d) | 4,798 | 806,112 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,873,246 | |
Walter Investment Management Corp. (a) | 33,105 | 1,520,182 | |
Westwood Holdings Group, Inc. | 3,640 | 150,514 | |
WisdomTree Investments, Inc. (a) | 96,770 | 880,607 | |
| 314,319,767 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. | 8,597 | 202,545 | |
1st United Bancorp, Inc. | 20,464 | 124,421 | |
Access National Corp. | 1,270 | 20,206 | |
ACNB Corp. | 3,789 | 62,746 | |
Alliance Financial Corp. | 5,029 | 223,539 | |
American National Bankshares, Inc. | 2,748 | 55,592 | |
Ameris Bancorp (a) | 34,183 | 474,460 | |
Ames National Corp. | 1,209 | 25,026 | |
Arrow Financial Corp. | 15,508 | 375,914 | |
Associated Banc-Corp. | 148,936 | 2,143,189 | |
BancFirst Corp. | 10,611 | 424,864 | |
Bancorp, Inc., Delaware (a) | 28,595 | 365,158 | |
BancorpSouth, Inc. | 84,413 | 1,291,519 | |
| |||
Shares | Value | ||
Bank of Hawaii Corp. | 64,151 | $ 3,104,267 | |
Bank of Kentucky Financial Corp. | 1,699 | 45,397 | |
Bank of Marin Bancorp | 2,794 | 105,026 | |
Bank of the Ozarks, Inc. (d) | 37,486 | 1,439,088 | |
BankUnited, Inc. | 48,423 | 1,373,276 | |
Banner Bank | 13,068 | 388,250 | |
Bar Harbor Bankshares | 2,686 | 95,756 | |
BB&T Corp. | 654,452 | 19,869,163 | |
BBCN Bancorp, Inc. | 67,581 | 836,653 | |
BCB Bancorp, Inc. | 2,814 | 26,958 | |
BOK Financial Corp. | 38,531 | 2,289,897 | |
Boston Private Financial Holdings, Inc. | 63,942 | 583,790 | |
Bridge Bancorp, Inc. | 540 | 11,372 | |
Bridge Capital Holdings (a) | 1,107 | 16,849 | |
Bryn Mawr Bank Corp. | 9,420 | 216,095 | |
BSB Bancorp, Inc. (a) | 6,958 | 91,846 | |
C & F Financial Corp. | 573 | 22,891 | |
Camden National Corp. | 1,850 | 62,697 | |
Capital Bank Financial Corp. Series A | 10,674 | 197,469 | |
Capital City Bank Group, Inc. (a)(d) | 7,146 | 81,822 | |
CapitalSource, Inc. | 188,339 | 1,695,051 | |
Cardinal Financial Corp. | 22,155 | 352,929 | |
Cascade Bancorp (a)(d) | 4,186 | 25,242 | |
Cathay General Bancorp | 74,072 | 1,443,663 | |
Center Bancorp, Inc. | 6,904 | 85,610 | |
Centerstate Banks of Florida, Inc. | 6,387 | 54,098 | |
Central Pacific Financial Corp. (a)(d) | 26,089 | 404,119 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 22,638 | |
Chemical Financial Corp. | 26,904 | 658,879 | |
CIT Group, Inc. (a) | 188,005 | 7,869,889 | |
Citizens & Northern Corp. | 8,777 | 171,152 | |
Citizens Republic Bancorp, Inc. (a) | 39,789 | 819,653 | |
City Holding Co. (d) | 22,173 | 840,800 | |
City National Corp. (d) | 45,217 | 2,568,778 | |
CNB Financial Corp., Pennsylvania | 7,083 | 119,349 | |
CoBiz, Inc. | 39,972 | 331,368 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 596,300 | |
Comerica, Inc. | 181,563 | 6,242,136 | |
Commerce Bancshares, Inc. | 76,716 | 2,922,112 | |
Community Bank System, Inc. | 29,335 | 846,901 | |
Community Trust Bancorp, Inc. | 13,652 | 465,943 | |
CU Bancorp (a) | 6,814 | 83,812 | |
Cullen/Frost Bankers, Inc. | 71,142 | 4,308,360 | |
CVB Financial Corp. (d) | 84,778 | 898,647 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 16,194 | 351,410 | |
East West Bancorp, Inc. | 172,545 | 4,244,607 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 5,492 | |
Enterprise Bancorp, Inc. | 803 | 12,760 | |
Enterprise Financial Services Corp. | 12,168 | 170,109 | |
Farmers National Banc Corp. | 14,652 | 91,575 | |
Fidelity Southern Corp. | 3,363 | 37,329 | |
Fifth Third Bancorp | 855,912 | 13,557,646 | |
Financial Institutions, Inc. | 12,700 | 253,111 | |
First Bancorp, North Carolina | 9,193 | 122,635 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Bancorp, Puerto Rico (a)(d) | 46,129 | $ 252,326 | |
First Busey Corp. (d) | 50,381 | 226,715 | |
First California Financial Group, Inc. (a) | 10,516 | 84,549 | |
First Citizen Bancshares, Inc. | 5,973 | 1,072,452 | |
First Commonwealth Financial Corp. | 74,665 | 542,815 | |
First Community Bancshares, Inc. | 8,561 | 133,723 | |
First Connecticut Bancorp, Inc. | 11,897 | 170,246 | |
First Financial Bancorp, Ohio | 41,951 | 643,109 | |
First Financial Bankshares, Inc. (d) | 43,848 | 1,955,621 | |
First Financial Corp., Indiana | 8,837 | 271,738 | |
First Financial Service Corp. (a) | 2,521 | 8,092 | |
First Horizon National Corp. | 203,894 | 2,167,393 | |
First Interstate Bancsystem, Inc. | 19,621 | 358,476 | |
First M&F Corp. | 2,170 | 29,751 | |
First Merchants Corp. | 25,012 | 371,928 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 1,047,275 | |
First Niagara Financial Group, Inc. | 297,749 | 2,435,587 | |
First of Long Island Corp. | 1,768 | 50,512 | |
First Republic Bank | 67,611 | 2,464,421 | |
First United Corp. (a) | 3,018 | 24,204 | |
FirstMerit Corp. (d) | 97,649 | 1,476,453 | |
FNB Corp., Pennsylvania | 105,430 | 1,197,685 | |
FNB United Corp. (a) | 6,555 | 66,599 | |
Fulton Financial Corp. (d) | 187,360 | 2,126,536 | |
German American Bancorp, Inc. | 4,623 | 100,596 | |
Glacier Bancorp, Inc. | 63,024 | 1,099,139 | |
Great Southern Bancorp, Inc. | 6,815 | 163,628 | |
Guaranty Bancorp (a) | 13,950 | 28,179 | |
Hampton Roads Bankshares, Inc. (a)(d) | 89,921 | 118,696 | |
Hancock Holding Co. | 79,232 | 2,392,806 | |
Hanmi Financial Corp. (a) | 26,311 | 447,024 | |
Hawthorn Bancshares, Inc. | 1,439 | 14,606 | |
Heartland Financial USA, Inc. | 8,878 | 208,988 | |
Heritage Commerce Corp. (a) | 14,712 | 99,453 | |
Heritage Financial Corp., Washington | 12,768 | 176,837 | |
Heritage Oaks Bancorp (a) | 3,340 | 18,771 | |
Home Bancshares, Inc. | 25,101 | 849,669 | |
HomeTrust Bancshares, Inc. (d) | 20,129 | 310,993 | |
Horizon Bancorp Industries | 706 | 14,318 | |
Hudson Valley Holding Corp. | 14,551 | 220,884 | |
Huntington Bancshares, Inc. | 815,715 | 5,734,476 | |
IBERIABANK Corp. (d) | 26,893 | 1,350,029 | |
Independent Bank Corp. (a) | 1,144 | 6,761 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 822,197 | |
International Bancshares Corp. (d) | 64,813 | 1,312,463 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 33,449 | |
Investors Bancorp, Inc. | 53,522 | 945,734 | |
KeyCorp | 879,084 | 8,254,599 | |
Lakeland Bancorp, Inc. | 23,579 | 226,594 | |
Lakeland Financial Corp. | 13,545 | 334,832 | |
| |||
Shares | Value | ||
M&T Bank Corp. | 113,824 | $ 11,620,292 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 111,683 | |
MainSource Financial Group, Inc. | 13,271 | 185,794 | |
MB Financial, Inc. | 47,874 | 1,135,093 | |
MBT Financial Corp. (a) | 1,548 | 5,619 | |
Merchants Bancshares, Inc. | 5,246 | 151,295 | |
Metro Bancorp, Inc. (a) | 11,557 | 192,424 | |
Metrocorp Bancshares, Inc. (a) | 6,201 | 64,118 | |
Midsouth Bancorp, Inc. | 5,240 | 80,015 | |
National Bank Holdings Corp. | 12,034 | 217,695 | |
National Bankshares, Inc. | 5,803 | 195,793 | |
National Penn Bancshares, Inc. (d) | 120,787 | 1,183,713 | |
NBT Bancorp, Inc. | 33,888 | 693,348 | |
NewBridge Bancorp (a) | 7,211 | 42,401 | |
North Valley Bancorp (a) | 849 | 14,408 | |
Northrim Bancorp, Inc. | 2,935 | 63,807 | |
Old National Bancorp, Indiana | 98,018 | 1,323,243 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 63,257 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 179,215 | |
Oriental Financial Group, Inc. (d) | 40,168 | 614,972 | |
Orrstown Financial Services, Inc. (a) | 5,669 | 80,216 | |
Pacific Continental Corp. | 3,048 | 32,400 | |
Pacific Mercantile Bancorp (a) | 9,641 | 57,460 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 419 | |
PacWest Bancorp (d) | 32,508 | 888,444 | |
Park National Corp. (d) | 11,650 | 768,667 | |
Park Sterling Corp. (a) | 28,617 | 162,545 | |
Penns Woods Bancorp, Inc. (d) | 1,028 | 41,603 | |
Peoples Bancorp, Inc. | 3,334 | 72,248 | |
Peoples Financial Corp., Mississippi | 2,667 | 32,057 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 653,167 | |
PNC Financial Services Group, Inc. | 496,403 | 30,970,583 | |
Popular, Inc. (a) | 112,654 | 3,145,300 | |
Preferred Bank, Los Angeles (a) | 1,131 | 18,232 | |
Premier Financial Bancorp, Inc. | 115 | 1,340 | |
PrivateBancorp, Inc. | 92,031 | 1,648,275 | |
Prosperity Bancshares, Inc. (d) | 49,088 | 2,264,920 | |
Regions Financial Corp. | 1,378,520 | 10,545,678 | |
Renasant Corp. (d) | 22,516 | 495,577 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 393,956 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,861 | |
S&T Bancorp, Inc. | 32,238 | 582,218 | |
S.Y. Bancorp, Inc. | 6,551 | 148,380 | |
Sandy Spring Bancorp, Inc. | 13,803 | 267,226 | |
SCBT Financial Corp. (d) | 10,493 | 499,677 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 52,798 | |
Shore Bancshares, Inc. | 2,958 | 19,759 | |
Sierra Bancorp | 3,618 | 45,804 | |
Signature Bank (a)(d) | 42,555 | 3,160,560 | |
Simmons First National Corp. Class A | 10,951 | 275,308 | |
Southside Bancshares, Inc. | 12,735 | 272,147 | |
Southwest Bancorp, Inc., Oklahoma (a)(d) | 15,446 | 200,644 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
State Bank Financial Corp. | 26,469 | $ 420,857 | |
StellarOne Corp. | 11,962 | 184,095 | |
Sterling Bancorp, New York | 27,642 | 281,119 | |
Sterling Financial Corp. | 40,387 | 855,397 | |
Suffolk Bancorp (a) | 15,697 | 221,014 | |
Sun Bancorp, Inc., New Jersey (a)(d) | 48,802 | 175,687 | |
SunTrust Banks, Inc. | 510,552 | 14,086,130 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,904,924 | |
SVB Financial Group (a) | 38,629 | 2,590,461 | |
Synovus Financial Corp. (d) | 1,042,950 | 2,649,093 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 164,903 | |
TCF Financial Corp. | 168,588 | 2,316,399 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,879,978 | |
The First Bancorp, Inc. | 2,896 | 50,188 | |
Tompkins Financial Corp. | 6,518 | 270,041 | |
TowneBank (d) | 18,594 | 270,357 | |
Trico Bancshares | 12,062 | 205,657 | |
Trustmark Corp. | 94,171 | 2,156,516 | |
U.S. Bancorp | 1,760,333 | 59,816,115 | |
UMB Financial Corp. | 29,731 | 1,355,436 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,121,267 | |
Union/First Market Bankshares Corp. | 16,413 | 297,896 | |
United Bankshares, Inc., West Virginia (d) | 35,646 | 926,796 | |
United Community Banks, Inc., Georgia (a) | 43,617 | 469,755 | |
Univest Corp. of Pennsylvania | 10,023 | 166,282 | |
Valley National Bancorp (d) | 184,448 | 1,850,013 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 509,205 | |
Washington Banking Co., Oak Harbor | 5,615 | 77,150 | |
Washington Trust Bancorp, Inc. | 15,489 | 409,529 | |
Webster Financial Corp. | 85,199 | 1,876,082 | |
Wells Fargo & Co. | 4,595,089 | 161,195,722 | |
WesBanco, Inc. | 21,334 | 499,002 | |
West Bancorp., Inc. | 1,202 | 13,306 | |
West Coast Bancorp | 13,663 | 321,081 | |
Westamerica Bancorp. | 22,409 | 991,598 | |
Western Alliance Bancorp. (a)(d) | 61,889 | 823,124 | |
Wilshire Bancorp, Inc. (a) | 41,540 | 243,840 | |
Wintrust Financial Corp. (d) | 33,573 | 1,225,415 | |
Zions Bancorporation | 180,863 | 4,366,033 | |
| 478,962,888 | ||
Consumer Finance - 0.8% | |||
American Express Co. | 908,418 | 56,458,179 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 57,085 | |
Asta Funding, Inc. | 4,468 | 42,982 | |
Atlanticus Holdings Corp. (a)(d) | 35,598 | 115,338 | |
Capital One Financial Corp. | 541,201 | 27,617,487 | |
Cash America International, Inc. (d) | 23,667 | 1,198,497 | |
Consumer Portfolio Services, Inc. (a)(d) | 2,464 | 20,328 | |
Credit Acceptance Corp. (a) | 9,077 | 1,003,281 | |
| |||
Shares | Value | ||
DFC Global Corp. (a)(d) | 43,285 | $ 808,564 | |
Discover Financial Services | 473,884 | 18,258,751 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 477,528 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 48,356 | 1,000,002 | |
First Cash Financial Services, Inc. (a)(d) | 28,920 | 1,530,157 | |
First Marblehead Corp. (a)(d) | 51,880 | 45,551 | |
Green Dot Corp. Class A (a) | 44,284 | 620,862 | |
Imperial Holdings, Inc. (a)(d) | 16,708 | 66,832 | |
Nelnet, Inc. Class A | 22,213 | 737,027 | |
Netspend Holdings, Inc. (a) | 44,711 | 708,669 | |
Portfolio Recovery Associates, Inc. (a)(d) | 16,868 | 1,972,291 | |
SLM Corp. | 416,481 | 7,900,645 | |
World Acceptance Corp. (a)(d) | 15,268 | 1,201,592 | |
| 121,841,648 | ||
Diversified Financial Services - 3.0% | |||
Bank of America Corp. | 10,096,598 | 113,384,796 | |
CBOE Holdings, Inc. | 75,768 | 2,721,587 | |
Citigroup, Inc. | 2,746,452 | 115,268,590 | |
CME Group, Inc. | 287,473 | 17,196,635 | |
Gain Capital Holdings, Inc. | 15,735 | 69,863 | |
Interactive Brokers Group, Inc. | 35,966 | 529,060 | |
IntercontinentalExchange, Inc. (a)(d) | 65,579 | 10,152,941 | |
JPMorgan Chase & Co. | 3,552,220 | 173,774,602 | |
Leucadia National Corp. (d) | 274,854 | 7,393,573 | |
Life Partners Holdings, Inc. (d) | 18,668 | 74,299 | |
MarketAxess Holdings, Inc. (d) | 38,326 | 1,497,014 | |
Marlin Business Services Corp. | 13,319 | 252,395 | |
McGraw-Hill Companies, Inc. | 257,711 | 11,996,447 | |
MicroFinancial, Inc. | 86 | 634 | |
Moody's Corp. (d) | 180,684 | 8,683,673 | |
MSCI, Inc. Class A (a)(d) | 121,379 | 4,021,286 | |
NewStar Financial, Inc. (a)(d) | 27,065 | 366,189 | |
NYSE Euronext | 235,811 | 8,791,034 | |
PHH Corp. (a)(d) | 45,131 | 948,202 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 394,601 | |
Resource America, Inc. Class A | 2,362 | 21,045 | |
The NASDAQ Stock Market, Inc. | 124,702 | 3,948,065 | |
Vector Capital Corp. rights (a) | 4,280 | 0 | |
| 481,486,531 | ||
Insurance - 4.2% | |||
ACE Ltd. | 311,412 | 26,591,471 | |
AFLAC, Inc. | 437,110 | 21,833,645 | |
Alleghany Corp. | 16,625 | 6,282,089 | |
Allied World Assurance Co. Holdings Ltd. | 33,827 | 2,970,349 | |
Allstate Corp. | 443,988 | 20,432,328 | |
American Equity Investment Life Holding Co. (d) | 51,311 | 712,197 | |
American Financial Group, Inc. | 76,865 | 3,378,985 | |
American International Group, Inc. (a) | 1,380,642 | 52,478,202 | |
American National Insurance Co. | 11,975 | 962,431 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 61,053 | |
Amerisafe, Inc. (d) | 28,834 | 940,565 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Amtrust Financial Services, Inc. (d) | 26,184 | $ 870,618 | |
Aon PLC | 293,587 | 17,935,230 | |
Arch Capital Group Ltd. (a)(d) | 122,181 | 6,001,531 | |
Argo Group International Holdings, Ltd. | 29,792 | 1,131,500 | |
Arthur J. Gallagher & Co. | 116,853 | 4,496,503 | |
Aspen Insurance Holdings Ltd. | 68,795 | 2,466,989 | |
Assurant, Inc. | 95,115 | 3,993,879 | |
Assured Guaranty Ltd. | 183,926 | 3,433,898 | |
Axis Capital Holdings Ltd. | 106,761 | 4,348,376 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 118,406 | |
Berkshire Hathaway, Inc. Class B (a) | 1,707,202 | 174,407,756 | |
Brown & Brown, Inc. | 116,705 | 3,501,150 | |
Cincinnati Financial Corp. | 161,273 | 7,258,898 | |
Citizens, Inc. Class A (a)(d) | 31,937 | 293,501 | |
CNA Financial Corp. | 51,802 | 1,633,835 | |
CNO Financial Group, Inc. | 187,983 | 2,056,534 | |
Crawford & Co. Class B | 10,464 | 86,433 | |
Donegal Group, Inc. Class A | 4,528 | 65,294 | |
Eastern Insurance Holdings, Inc. | 901 | 16,777 | |
eHealth, Inc. (a) | 26,343 | 409,107 | |
EMC Insurance Group | 5,816 | 149,704 | |
Employers Holdings, Inc. | 36,335 | 763,398 | |
Endurance Specialty Holdings Ltd. (d) | 33,058 | 1,455,874 | |
Enstar Group Ltd. (a) | 9,122 | 1,143,351 | |
Erie Indemnity Co. Class A | 24,672 | 1,805,990 | |
Everest Re Group Ltd. | 47,316 | 5,896,047 | |
FBL Financial Group, Inc. Class A | 12,986 | 471,911 | |
Federated National Holding Co. | 1,278 | 7,272 | |
Fidelity National Financial, Inc. Class A | 187,810 | 4,683,981 | |
First Acceptance Corp. (a) | 4,055 | 4,663 | |
First American Financial Corp. | 99,791 | 2,423,923 | |
Fortegra Financial Corp. (a) | 10,670 | 96,564 | |
Genworth Financial, Inc. Class A (a) | 453,375 | 3,871,823 | |
Global Indemnity PLC (a) | 13,709 | 316,678 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 409,171 | |
Hallmark Financial Services, Inc. (a) | 10,337 | 93,653 | |
Hanover Insurance Group, Inc. | 48,173 | 2,056,024 | |
Hartford Financial Services Group, Inc. (d) | 404,630 | 9,553,314 | |
HCC Insurance Holdings, Inc. | 77,118 | 3,084,720 | |
Health Insurance Innovations | 4,900 | 61,201 | |
Hilltop Holdings, Inc. (a)(d) | 54,392 | 698,393 | |
Homeowners Choice, Inc. (d) | 3,589 | 72,354 | |
Horace Mann Educators Corp. | 37,921 | 775,864 | |
Independence Holding Co. | 16,014 | 151,973 | |
Infinity Property & Casualty Corp. | 13,372 | 751,373 | |
Investors Title Co. | 1,086 | 71,600 | |
Kansas City Life Insurance Co. | 2,863 | 106,847 | |
Kemper Corp. | 45,013 | 1,424,211 | |
Lincoln National Corp. | 257,619 | 7,610,065 | |
Loews Corp. | 308,435 | 13,296,633 | |
| |||
Shares | Value | ||
Maiden Holdings Ltd. | 73,970 | $ 745,618 | |
Markel Corp. (a) | 8,688 | 4,200,214 | |
Marsh & McLennan Companies, Inc. | 499,497 | 18,551,319 | |
MBIA, Inc. (a)(d) | 133,617 | 1,292,076 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 328,941 | |
Mercury General Corp. | 32,057 | 1,246,056 | |
MetLife, Inc. | 1,021,419 | 36,199,089 | |
Montpelier Re Holdings Ltd. | 62,043 | 1,533,703 | |
National Financial Partners Corp. (a)(d) | 57,169 | 1,123,943 | |
National Interstate Corp. | 7,859 | 261,548 | |
National Western Life Insurance Co. Class A (d) | 2,078 | 338,423 | |
Navigators Group, Inc. (a) | 15,156 | 851,161 | |
Old Republic International Corp. | 205,421 | 2,467,106 | |
OneBeacon Insurance Group Ltd. | 20,572 | 275,048 | |
PartnerRe Ltd. | 55,220 | 4,927,833 | |
Phoenix Companies, Inc. (a) | 3,067 | 76,982 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,740,228 | |
Primerica, Inc. | 38,359 | 1,207,158 | |
Principal Financial Group, Inc. | 266,275 | 8,416,953 | |
ProAssurance Corp. | 50,156 | 2,351,815 | |
Progressive Corp. (d) | 507,847 | 12,371,153 | |
Protective Life Corp. | 78,222 | 2,496,846 | |
Prudential Financial, Inc. | 429,423 | 23,863,036 | |
Reinsurance Group of America, Inc. | 67,866 | 3,902,295 | |
RenaissanceRe Holdings Ltd. | 38,496 | 3,366,090 | |
RLI Corp. | 13,036 | 898,702 | |
Safety Insurance Group, Inc. | 14,899 | 700,253 | |
Selective Insurance Group, Inc. | 42,720 | 950,093 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,490,128 | |
State Auto Financial Corp. | 6,222 | 104,530 | |
Stewart Information Services Corp. (d) | 21,434 | 496,197 | |
Symetra Financial Corp. | 63,181 | 832,094 | |
The Chubb Corp. | 243,401 | 20,452,986 | |
The Travelers Companies, Inc. | 352,417 | 28,341,375 | |
Torchmark Corp. | 96,240 | 5,407,726 | |
Tower Group, Inc. | 56,423 | 1,052,289 | |
United Fire Group, Inc. | 20,054 | 492,927 | |
Universal Insurance Holdings, Inc. | 15,547 | 68,251 | |
Unum Group | 290,729 | 7,114,139 | |
Validus Holdings Ltd. | 96,782 | 3,448,343 | |
W.R. Berkley Corp. | 93,123 | 3,864,605 | |
White Mountains Insurance Group Ltd. | 5,736 | 3,240,840 | |
XL Group PLC Class A | 291,212 | 8,340,312 | |
| 655,908,529 | ||
Real Estate Investment Trusts - 3.6% | |||
Acadia Realty Trust (SBI) (d) | 43,554 | 1,172,474 | |
AG Mortgage Investment Trust, Inc. | 18,957 | 497,242 | |
Agree Realty Corp. | 17,794 | 499,478 | |
Alexanders, Inc. | 2,701 | 876,475 | |
Alexandria Real Estate Equities, Inc. | 58,761 | 4,180,258 | |
American Assets Trust, Inc. | 30,756 | 929,754 | |
American Campus Communities, Inc. | 100,126 | 4,525,695 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Capital Agency Corp. (d) | 317,049 | $ 10,056,794 | |
American Capital Mortgage Investment Corp. | 52,567 | 1,350,972 | |
American Realty Capital Properties, Inc. | 7,446 | 98,511 | |
American Tower Corp. | 369,121 | 28,643,790 | |
Annaly Capital Management, Inc. (d) | 903,030 | 13,987,935 | |
Anworth Mortgage Asset Corp. (d) | 251,516 | 1,534,248 | |
Apartment Investment & Management Co. Class A | 129,351 | 3,831,377 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 396,785 | |
Apollo Residential Mortgage, Inc. | 12,502 | 279,795 | |
Arbor Realty Trust, Inc. | 29,871 | 236,578 | |
Ares Commercial Real Estate Corp. | 17,618 | 300,035 | |
Armour Residential REIT, Inc. | 350,513 | 2,344,932 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 822,664 | |
Associated Estates Realty Corp. (d) | 41,987 | 733,933 | |
AvalonBay Communities, Inc. | 106,629 | 13,310,498 | |
BioMed Realty Trust, Inc. (d) | 156,049 | 3,295,755 | |
Boston Properties, Inc. | 141,720 | 14,721,874 | |
Brandywine Realty Trust (SBI) (d) | 117,771 | 1,619,351 | |
BRE Properties, Inc. | 68,958 | 3,352,048 | |
BRT Realty Trust (a) | 5,568 | 41,259 | |
Camden Property Trust (SBI) | 76,966 | 5,321,429 | |
Campus Crest Communities, Inc. (d) | 32,807 | 411,400 | |
Capital Trust, Inc. Class A | 26,388 | 59,637 | |
CapLease, Inc. | 46,796 | 279,840 | |
Capstead Mortgage Corp. | 68,354 | 857,159 | |
CBL & Associates Properties, Inc. (d) | 132,387 | 3,010,480 | |
Cedar Shopping Centers, Inc. | 59,877 | 343,694 | |
Chatham Lodging Trust | 14,263 | 234,769 | |
Chesapeake Lodging Trust | 44,367 | 955,222 | |
Chimera Investment Corp. | 1,225,514 | 3,652,032 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,586,169 | |
Colony Financial, Inc. | 46,259 | 1,024,637 | |
CommonWealth REIT (d) | 92,858 | 2,344,665 | |
Coresite Realty Corp. | 24,333 | 788,389 | |
Corporate Office Properties Trust (SBI) (d) | 70,447 | 1,822,464 | |
Cousins Properties, Inc. (d) | 110,370 | 1,072,796 | |
Crexus Investment Corp. | 67,523 | 898,731 | |
CubeSmart (d) | 102,102 | 1,504,983 | |
CyrusOne, Inc. | 16,200 | 345,222 | |
Cys Investments, Inc. (d) | 154,865 | 1,836,699 | |
DCT Industrial Trust, Inc. (d) | 235,284 | 1,708,162 | |
DDR Corp. | 287,291 | 4,961,516 | |
DiamondRock Hospitality Co. | 161,462 | 1,443,470 | |
Digital Realty Trust, Inc. | 112,771 | 7,553,402 | |
Douglas Emmett, Inc. (d) | 131,928 | 3,233,555 | |
Duke Realty LP (d) | 288,029 | 4,654,549 | |
DuPont Fabros Technology, Inc. (d) | 100,616 | 2,330,267 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,373,666 | |
| |||
Shares | Value | ||
Education Realty Trust, Inc. | 93,993 | $ 1,025,464 | |
EPR Properties (d) | 65,817 | 3,211,211 | |
Equity Lifestyle Properties, Inc. | 37,774 | 2,783,566 | |
Equity One, Inc. | 59,709 | 1,403,759 | |
Equity Residential (SBI) | 300,187 | 16,522,292 | |
Essex Property Trust, Inc. (d) | 31,185 | 4,646,253 | |
Excel Trust, Inc. (d) | 30,162 | 380,343 | |
Extra Space Storage, Inc. | 91,185 | 3,413,966 | |
Federal Realty Investment Trust (SBI) | 65,716 | 6,979,696 | |
FelCor Lodging Trust, Inc. (a) | 200,216 | 1,005,084 | |
First Industrial Realty Trust, Inc. (d) | 73,033 | 1,159,034 | |
First Potomac Realty Trust (d) | 52,713 | 744,835 | |
Franklin Street Properties Corp. (d) | 68,554 | 942,618 | |
General Growth Properties, Inc. (d) | 418,652 | 8,012,999 | |
Getty Realty Corp. (d) | 23,628 | 469,725 | |
Gladstone Commercial Corp. | 10,709 | 203,043 | |
Glimcher Realty Trust (d) | 117,715 | 1,325,471 | |
Government Properties Income Trust (d) | 38,181 | 1,010,269 | |
Gramercy Capital Corp. (a) | 85,386 | 326,175 | |
Gyrodyne Co. of America, Inc. | 302 | 22,475 | |
Hatteras Financial Corp. | 121,103 | 3,232,239 | |
HCP, Inc. | 421,332 | 20,594,708 | |
Health Care REIT, Inc. | 238,305 | 15,284,883 | |
Healthcare Realty Trust, Inc. (d) | 75,869 | 2,018,115 | |
Healthcare Trust of America, Inc. | 41,271 | 473,791 | |
Hersha Hospitality Trust | 166,640 | 934,850 | |
Highwoods Properties, Inc. (SBI) (d) | 58,977 | 2,152,661 | |
Home Properties, Inc. | 43,481 | 2,714,084 | |
Hospitality Properties Trust (SBI) (d) | 104,935 | 2,801,765 | |
Host Hotels & Resorts, Inc. | 659,203 | 10,988,914 | |
Hudson Pacific Properties, Inc. | 39,210 | 884,970 | |
Inland Real Estate Corp. | 58,987 | 569,814 | |
Invesco Mortgage Capital, Inc. (d) | 122,202 | 2,568,686 | |
Investors Real Estate Trust (d) | 69,850 | 664,274 | |
iStar Financial, Inc. (a) | 71,516 | 714,445 | |
JAVELIN Mortgage Investment Corp. | 7,375 | 141,453 | |
Kilroy Realty Corp. | 69,106 | 3,646,033 | |
Kimco Realty Corp. (d) | 365,383 | 7,954,388 | |
Kite Realty Group Trust | 62,068 | 409,028 | |
LaSalle Hotel Properties (SBI) | 89,618 | 2,275,401 | |
Lexington Corporate Properties Trust (d) | 130,150 | 1,491,519 | |
Liberty Property Trust (SBI) (d) | 101,740 | 3,946,495 | |
LTC Properties, Inc. | 26,907 | 1,037,803 | |
Mack-Cali Realty Corp. (d) | 78,978 | 2,241,396 | |
Medical Properties Trust, Inc. | 109,056 | 1,583,493 | |
MFA Financial, Inc. | 335,157 | 2,976,194 | |
MHI Hospitality Corp. | 2,721 | 11,673 | |
Mid-America Apartment Communities, Inc. (d) | 43,592 | 3,027,028 | |
Monmouth Real Estate Investment Corp. Class A | 35,864 | 400,242 | |
MPG Office Trust, Inc. (a)(d) | 145,580 | 377,052 | |
National Health Investors, Inc. (d) | 21,683 | 1,405,058 | |
National Retail Properties, Inc. (d) | 95,841 | 3,301,722 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
New York Mortgage Trust, Inc. (d) | 42,080 | $ 296,243 | |
NorthStar Realty Finance Corp. | 126,141 | 1,128,962 | |
Omega Healthcare Investors, Inc. (d) | 98,005 | 2,743,160 | |
One Liberty Properties, Inc. | 11,261 | 244,589 | |
Parkway Properties, Inc. | 31,704 | 536,115 | |
Pebblebrook Hotel Trust (d) | 47,465 | 1,134,888 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 988,256 | |
PennyMac Mortgage Investment Trust (d) | 49,995 | 1,270,873 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | 2,927,649 | |
Plum Creek Timber Co., Inc. | 155,723 | 7,552,566 | |
PMC Commercial Trust | 8,500 | 59,585 | |
Post Properties, Inc. | 47,292 | 2,257,720 | |
Potlatch Corp. | 34,281 | 1,508,707 | |
Power (REIT) | 718 | 7,611 | |
Prologis, Inc. | 433,925 | 16,897,040 | |
PS Business Parks, Inc. | 16,465 | 1,218,245 | |
Public Storage | 135,985 | 20,562,292 | |
RAIT Financial Trust | 83,839 | 606,994 | |
Ramco-Gershenson Properties Trust (SBI) | 36,987 | 584,395 | |
Rayonier, Inc. (d) | 116,685 | 6,519,191 | |
Realty Income Corp. | 165,752 | 7,566,579 | |
Redwood Trust, Inc. | 89,769 | 1,818,720 | |
Regency Centers Corp. (d) | 90,033 | 4,670,912 | |
Resource Capital Corp. | 86,728 | 589,750 | |
Retail Opportunity Investments Corp. (d) | 70,350 | 908,219 | |
Retail Properties America, Inc. (d) | 28,399 | 420,305 | |
RLJ Lodging Trust | 96,663 | 2,067,622 | |
Rouse Properties, Inc. (d) | 17,327 | 287,801 | |
Ryman Hospitality Properties, Inc. (d) | 46,451 | 2,078,682 | |
Sabra Health Care REIT, Inc. (d) | 44,632 | 1,179,624 | |
Saul Centers, Inc. | 11,025 | 482,454 | |
Select Income (REIT) | 15,485 | 430,638 | |
Senior Housing Properties Trust (SBI) | 173,790 | 4,360,391 | |
Silver Bay Realty Trust Corp. (d) | 15,000 | 306,300 | |
Simon Property Group, Inc. | 289,740 | 46,028,096 | |
SL Green Realty Corp. (d) | 83,735 | 6,834,451 | |
Sovran Self Storage, Inc. | 24,309 | 1,478,960 | |
Spirit Realty Capital, Inc. (d) | 28,497 | 567,660 | |
Stag Industrial, Inc. (d) | 38,576 | 818,197 | |
Starwood Property Trust, Inc. | 118,310 | 3,306,765 | |
Strategic Hotel & Resorts, Inc. (a) | 334,781 | 2,437,206 | |
Summit Hotel Properties, Inc. | 38,502 | 369,619 | |
Sun Communities, Inc. | 36,167 | 1,682,851 | |
Sunstone Hotel Investors, Inc. (a) | 148,041 | 1,677,305 | |
Supertel Hospitality, Inc., Maryland (a) | 5,631 | 6,363 | |
Tanger Factory Outlet Centers, Inc. (d) | 79,590 | 2,808,731 | |
Taubman Centers, Inc. (d) | 52,569 | 4,033,094 | |
Terreno Realty Corp. | 12,136 | 217,234 | |
The Geo Group, Inc. | 66,308 | 2,290,278 | |
| |||
Shares | Value | ||
The Macerich Co. (d) | 126,640 | $ 7,612,330 | |
Two Harbors Investment Corp. | 262,968 | 3,381,768 | |
UDR, Inc. (d) | 225,065 | 5,370,051 | |
UMH Properties, Inc. | 10,346 | 103,667 | |
Universal Health Realty Income Trust (SBI) (d) | 13,491 | 770,471 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 561,741 | |
Ventas, Inc. | 276,442 | 19,566,565 | |
Vornado Realty Trust | 159,312 | 12,778,416 | |
Washington (REIT) (SBI) | 61,934 | 1,714,952 | |
Weingarten Realty Investors (SBI) | 108,015 | 3,310,660 | |
Western Asset Mortgage Capital Corp. | 17,996 | 386,734 | |
Weyerhaeuser Co. | 503,112 | 14,796,524 | |
Whitestone REIT Class B | 2,558 | 37,731 | |
Winthrop Realty Trust | 19,884 | 249,544 | |
WP Carey, Inc. (d) | 56,109 | 3,343,535 | |
ZAIS Financial Corp. (d) | 6,000 | 120,420 | |
| 572,536,966 | ||
Real Estate Management & Development - 0.1% | |||
Alexander & Baldwin, Inc. | 43,253 | 1,523,803 | |
American Spectrum Realty, Inc. (a) | 1,984 | 3,789 | |
AV Homes, Inc. (a) | 12,051 | 181,006 | |
CBRE Group, Inc. (a) | 275,685 | 6,663,306 | |
Consolidated-Tomoka Land Co. (d) | 2,432 | 82,810 | |
Forest City Enterprises, Inc. Class A (a)(d) | 131,291 | 2,105,908 | |
Forestar Group, Inc. (a)(d) | 31,999 | 557,423 | |
Howard Hughes Corp. (a) | 24,658 | 1,893,488 | |
Jones Lang LaSalle, Inc. | 35,580 | 3,438,451 | |
Kennedy-Wilson Holdings, Inc. (d) | 35,815 | 575,547 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 125,866 | |
Realogy Holdings Corp. | 39,674 | 1,779,379 | |
Tejon Ranch Co. (a) | 11,342 | 332,321 | |
The St. Joe Co. (a)(d) | 111,664 | 2,490,107 | |
Thomas Properties Group, Inc. | 22,789 | 118,731 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 106,797 | |
Zillow, Inc. (a)(d) | 16,135 | 693,160 | |
ZipRealty, Inc. (a) | 19,987 | 76,750 | |
| 22,748,642 | ||
Thrifts & Mortgage Finance - 0.3% | |||
Astoria Financial Corp. (d) | 69,632 | 681,001 | |
Bank Mutual Corp. | 56,001 | 320,326 | |
BankFinancial Corp. | 19,300 | 154,014 | |
BBX Capital Corp. (a)(d) | 18,261 | 147,549 | |
Beneficial Mutual Bancorp, Inc. (a) | 37,525 | 359,865 | |
Berkshire Hills Bancorp, Inc. | 17,169 | 417,207 | |
BofI Holding, Inc. (a)(d) | 11,427 | 384,747 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 791,008 | |
Camco Financial Corp. (a) | 347 | 1,270 | |
Cape Bancorp, Inc. | 2,611 | 23,734 | |
Capitol Federal Financial, Inc. | 173,299 | 2,050,127 | |
CFS Bancorp, Inc. | 688 | 5,270 | |
Charter Financial Corp., Georgia | 1,200 | 14,772 | |
Chicopee Bancorp, Inc. | 1,816 | 28,584 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Clifton Savings Bancorp, Inc. (d) | 15,589 | $ 176,156 | |
Dime Community Bancshares, Inc. | 51,879 | 737,201 | |
Doral Financial Corp. (a) | 159,443 | 90,803 | |
ESB Financial Corp. | 7,915 | 108,673 | |
ESSA Bancorp, Inc. | 4,298 | 47,493 | |
EverBank Financial Corp. | 16,362 | 247,066 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 300,173 | |
First Defiance Financial Corp. | 6,145 | 138,385 | |
First Financial Holdings, Inc. | 12,257 | 244,650 | |
First Financial Northwest, Inc. (a) | 2,197 | 17,422 | |
First PacTrust Bancorp, Inc. (d) | 4,303 | 44,192 | |
Flagstar Bancorp, Inc. (a)(d) | 37,206 | 505,630 | |
Flushing Financial Corp. | 47,044 | 743,295 | |
Fox Chase Bancorp, Inc. | 14,307 | 239,213 | |
Franklin Financial Corp./VA | 16,347 | 291,957 | |
HF Financial Corp. | 2,735 | 36,758 | |
Hingham Institution for Savings | 1,505 | 105,290 | |
Home Federal Bancorp, Inc. | 9,753 | 112,160 | |
HomeStreet, Inc. | 7,892 | 197,142 | |
Hudson City Bancorp, Inc. | 532,335 | 4,535,494 | |
IF Bancorp, Inc. (a) | 3,112 | 46,711 | |
Impac Mortgage Holdings, Inc. (a)(d) | 5,393 | 60,941 | |
Kearny Financial Corp. | 2,196 | 21,938 | |
Madison County Financial, Inc. (a) | 4,682 | 75,006 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 13,568 | |
MGIC Investment Corp. (a)(d) | 156,364 | 465,965 | |
NASB Financial, Inc. (a) | 1,203 | 26,719 | |
Nationstar Mortgage Holdings, Inc. (d) | 18,397 | 708,836 | |
New York Community Bancorp, Inc. | 408,522 | 5,515,047 | |
Northfield Bancorp, Inc. | 13,855 | 157,670 | |
Northwest Bancshares, Inc. | 92,094 | 1,150,254 | |
OceanFirst Financial Corp. | 5,851 | 81,563 | |
Ocwen Financial Corp. (a) | 108,754 | 4,287,083 | |
Oritani Financial Corp. | 26,763 | 393,684 | |
People's United Financial, Inc. | 329,770 | 4,319,987 | |
Peoples Federal Bancshares, Inc. | 1,156 | 20,669 | |
Poage Bankshares, Inc. | 2,365 | 33,228 | |
Provident Financial Holdings, Inc. | 3,066 | 52,429 | |
Provident Financial Services, Inc. | 56,391 | 845,301 | |
Provident New York Bancorp | 44,223 | 397,123 | |
PVF Capital Corp. (a) | 11,916 | 44,447 | |
Radian Group, Inc. (d) | 110,991 | 977,831 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,263 | |
Rockville Financial, Inc. | 5,182 | 66,641 | |
Security National Financial Corp. Class A | 9,669 | 74,548 | |
Simplicity Bancorp, Inc. | 10,338 | 157,551 | |
Territorial Bancorp, Inc. | 13,244 | 308,850 | |
TFS Financial Corp. (a) | 149,374 | 1,569,921 | |
Timberland Bancorp, Inc. | 5,034 | 41,581 | |
Tree.com, Inc. | 3,275 | 57,083 | |
| |||
Shares | Value | ||
Trustco Bank Corp., New York | 73,043 | $ 380,554 | |
United Community Financial Corp., Ohio (a) | 11,112 | 37,336 | |
United Financial Bancorp, Inc. | 9,158 | 136,912 | |
ViewPoint Financial Group (d) | 25,777 | 537,450 | |
Walker & Dunlop, Inc. (a) | 10,954 | 232,225 | |
Washington Federal, Inc. | 99,759 | 1,750,770 | |
Westfield Financial, Inc. | 28,907 | 225,186 | |
WSFS Financial Corp. | 10,396 | 493,810 | |
| 40,080,308 | ||
TOTAL FINANCIALS | 2,687,885,279 | ||
HEALTH CARE - 11.8% | |||
Biotechnology - 2.0% | |||
Aastrom Biosciences, Inc. (a) | 78,454 | 95,714 | |
ACADIA Pharmaceuticals, Inc. (a)(d) | 51,353 | 311,713 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 52,411 | 424,529 | |
Acorda Therapeutics, Inc. (a) | 35,775 | 1,064,306 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 29,390 | 22,336 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 538,546 | |
Affymax, Inc. (a)(d) | 50,245 | 133,652 | |
Agenus, Inc. (a)(d) | 7,526 | 32,211 | |
Alexion Pharmaceuticals, Inc. (a) | 182,104 | 15,795,701 | |
Alkermes PLC (a)(d) | 133,044 | 2,888,385 | |
Allos Therapeutics, Inc. rights | 74,291 | 1 | |
Alnylam Pharmaceuticals, Inc. (a) | 51,923 | 1,230,056 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 31,420 | 520,001 | |
Amgen, Inc. | 719,672 | 65,785,218 | |
Amicus Therapeutics, Inc. (a)(d) | 25,384 | 68,029 | |
Anacor Pharmaceuticals, Inc. (a)(d) | 15,721 | 54,709 | |
Anthera Pharmaceuticals, Inc. (a)(d) | 45,190 | 27,566 | |
Arena Pharmaceuticals, Inc. (a)(d) | 201,800 | 1,693,102 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 169,376 | 3,561,977 | |
ArQule, Inc. (a)(d) | 65,290 | 160,613 | |
Array Biopharma, Inc. (a) | 101,050 | 393,085 | |
Arrowhead Research Corp. (a) | 3,000 | 6,450 | |
Astex Pharmaceuticals, Inc. (a) | 71,219 | 232,174 | |
Athersys, Inc. (a)(d) | 40,391 | 61,394 | |
AVEO Pharmaceuticals, Inc. (a) | 43,200 | 288,144 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 40,934 | 49,121 | |
Biogen Idec, Inc. (a) | 221,141 | 36,784,594 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 116,539 | 6,755,766 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 283,666 | |
Biospecifics Technologies Corp. (a)(d) | 1,441 | 22,624 | |
Biota Pharmaceuticals, Inc. | 5,848 | 23,334 | |
BioTime, Inc. (a)(d) | 32,076 | 135,040 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 31,116 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 25,961 | 11,638 | |
Cel-Sci Corp. (a)(d) | 283,400 | 75,044 | |
Celgene Corp. (a) | 397,861 | 41,051,298 | |
Cell Therapeutics, Inc. (a) | 40,400 | 54,136 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a)(d) | 77,285 | $ 735,753 | |
Celsion Corp. (a)(d) | 34,856 | 33,810 | |
Cepheid, Inc. (a)(d) | 63,653 | 2,318,879 | |
Chelsea Therapeutics International Ltd. (a) | 75,408 | 119,145 | |
ChemoCentryx, Inc. (d) | 4,508 | 60,813 | |
Cleveland Biolabs, Inc. (a)(d) | 35,489 | 55,008 | |
Clovis Oncology, Inc. (a)(d) | 12,909 | 243,464 | |
Codexis, Inc. (a) | 21,294 | 44,079 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 78,551 | |
Cubist Pharmaceuticals, Inc. (a) | 68,221 | 2,894,617 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a) | 51,867 | 139,522 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 11,529 | 63,755 | |
Cytokinetics, Inc. (d) | 74,661 | 74,512 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 177,449 | |
CytRx Corp. (a)(d) | 25,756 | 54,088 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 8,595 | |
Dendreon Corp. (a)(d) | 131,169 | 759,469 | |
Discovery Laboratories, Inc. (a) | 38,893 | 95,677 | |
Durata Therapeutics, Inc. (d) | 7,156 | 61,184 | |
Dyax Corp. (a)(d) | 62,562 | 200,824 | |
Dynavax Technologies Corp. (a)(d) | 164,055 | 334,672 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 286,766 | |
EntreMed, Inc. (a) | 289 | 853 | |
Enzon Pharmaceuticals, Inc. (d) | 43,430 | 183,709 | |
Exact Sciences Corp. (a)(d) | 55,499 | 592,729 | |
Exelixis, Inc. (a)(d) | 160,939 | 733,882 | |
Galena Biopharma, Inc. (a)(d) | 57,499 | 109,823 | |
Genomic Health, Inc. (a)(d) | 14,126 | 404,710 | |
GenVec, Inc. (a) | 8,140 | 13,594 | |
Geron Corp. (a)(d) | 128,101 | 187,027 | |
Gilead Sciences, Inc. (a) | 1,419,039 | 60,607,156 | |
GTx, Inc. (a)(d) | 19,627 | 89,303 | |
Halozyme Therapeutics, Inc. (a)(d) | 76,082 | 415,408 | |
Hemispherx Biopharma, Inc. (a) | 130,774 | 28,770 | |
Hyperion Therapeutics, Inc. | 5,781 | 105,445 | |
iBio, Inc. (a)(d) | 40,361 | 25,629 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 86,105 | 362,502 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 5,571 | |
ImmunoCellular Therapeutics Ltd. (a)(d) | 41,923 | 106,484 | |
ImmunoGen, Inc. (a)(d) | 69,033 | 1,047,231 | |
Immunomedics, Inc. (a)(d) | 54,782 | 125,999 | |
Incyte Corp. (a)(d) | 120,183 | 2,668,063 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 35,540 | 1,467,447 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 88,089 | 60,781 | |
Insmed, Inc. (a)(d) | 12,114 | 74,622 | |
Intercept Pharmaceuticals, Inc. | 4,951 | 193,188 | |
InterMune, Inc. (a) | 73,941 | 655,857 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 75,886 | 1,132,978 | |
| |||
Shares | Value | ||
Isis Pharmaceuticals, Inc. (a)(d) | 87,255 | $ 1,282,649 | |
IsoRay, Inc. (a) | 31,040 | 16,420 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 424,907 | |
KYTHERA Biopharmaceuticals, Inc. | 4,269 | 111,250 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 482,347 | 950,224 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 344,148 | |
Lpath, Inc. (a) | 7,871 | 33,373 | |
MannKind Corp. (a)(d) | 137,962 | 353,183 | |
Maxygen, Inc. | 47,150 | 115,046 | |
Medgenics, Inc. (a) | 4,479 | 22,395 | |
Medivation, Inc. (a)(d) | 72,462 | 3,560,783 | |
Merrimack Pharmaceuticals, Inc. | 9,271 | 59,334 | |
Metabolix, Inc. (a)(d) | 41,636 | 101,175 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 548,279 | |
Myriad Genetics, Inc. (a) | 72,302 | 1,837,917 | |
Nanosphere, Inc. (a)(d) | 36,229 | 70,647 | |
Neuralstem, Inc. (a)(d) | 54,208 | 57,460 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 535,919 | |
NewLink Genetics Corp. (a)(d) | 12,482 | 146,913 | |
Novavax, Inc. (a) | 79,584 | 144,843 | |
NPS Pharmaceuticals, Inc. (a) | 67,196 | 536,224 | |
OncoGenex Pharmaceuticals, Inc. (a) | 10,565 | 125,618 | |
Oncothyreon, Inc. (a)(d) | 43,661 | 90,378 | |
Onyx Pharmaceuticals, Inc. (a)(d) | 66,929 | 5,040,423 | |
Opexa Therapeutics, Inc. (a)(d) | 5,726 | 10,994 | |
Opko Health, Inc. (a)(d) | 116,016 | 805,151 | |
Orexigen Therapeutics, Inc. (a) | 56,897 | 339,106 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 119,559 | |
OXiGENE, Inc. (a) | 561 | 2,311 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 7,690 | |
Palatin Technologies, Inc. (a) | 9,275 | 5,657 | |
PDL BioPharma, Inc. (d) | 108,271 | 773,055 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 84,902 | 110,373 | |
Pharmacyclics, Inc. (a)(d) | 52,344 | 4,594,756 | |
PharmAthene, Inc. (a)(d) | 51,372 | 66,784 | |
Progenics Pharmaceuticals, Inc. (a) | 25,311 | 66,821 | |
Puma Biotechnology, Inc. (d) | 7,873 | 202,415 | |
Raptor Pharmaceutical Corp. (a)(d) | 28,926 | 143,762 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 70,954 | 11,849,318 | |
Regulus Therapeutics, Inc. (d) | 11,075 | 57,036 | |
Repligen Corp. (a)(d) | 22,058 | 137,421 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 13,950 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 75,480 | 507,226 | |
Sangamo Biosciences, Inc. (a)(d) | 44,798 | 456,492 | |
Sarepta Therapeutics, Inc. (a)(d) | 28,140 | 823,658 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 82,762 | |
Seattle Genetics, Inc. (a)(d) | 102,878 | 2,894,987 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 312,303 | |
Spectrum Pharmaceuticals, Inc. (d) | 41,659 | 474,913 | |
StemCells, Inc. (a)(d) | 19,840 | 33,926 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 170,396 | |
Synageva BioPharma Corp. (a)(d) | 8,009 | 400,210 | |
Synergy Pharmaceuticals, Inc. (a)(d) | 58,693 | 321,051 | |
Synta Pharmaceuticals Corp. (a) | 35,423 | 304,284 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Synthetic Biologics, Inc. (a)(d) | 46,314 | $ 79,660 | |
Targacept, Inc. (a)(d) | 18,977 | 82,170 | |
Telik, Inc. (a) | 380 | 616 | |
Theravance, Inc. (a)(d) | 59,496 | 1,207,174 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 37,822 | 175,116 | |
Tranzyme, Inc. (a) | 10,681 | 5,652 | |
Trius Therapeutics, Inc. (a)(d) | 26,469 | 138,962 | |
Trovagene, Inc. (a)(d) | 4,592 | 28,241 | |
United Therapeutics Corp. (a)(d) | 48,248 | 2,885,713 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 165,793 | |
Verastem, Inc. (a) | 2,425 | 22,844 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 205,323 | 9,613,223 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a)(d) | 72,501 | 196,478 | |
Zalicus, Inc. (a)(d) | 104,856 | 68,366 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 350,945 | |
| 318,735,341 | ||
Health Care Equipment & Supplies - 2.2% | |||
Abaxis, Inc. (d) | 23,291 | 988,004 | |
Abbott Laboratories | 1,474,067 | 49,808,724 | |
Abiomed, Inc. (a)(d) | 36,354 | 583,118 | |
Accuray, Inc. (a)(d) | 37,835 | 161,555 | |
Alere, Inc. (a) | 62,700 | 1,427,052 | |
Align Technology, Inc. (a)(d) | 70,000 | 2,200,800 | |
Alphatec Holdings, Inc. (a) | 36,801 | 59,986 | |
Analogic Corp. (d) | 12,756 | 946,368 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 326,811 | |
Anika Therapeutics, Inc. (a) | 9,287 | 115,623 | |
Antares Pharma, Inc. (a)(d) | 97,369 | 334,949 | |
ArthroCare Corp. (a) | 20,678 | 722,076 | |
Atossa Genetics, Inc. | 789 | 5,050 | |
Atricure, Inc. (a) | 12,717 | 112,927 | |
Atrion Corp. | 1,172 | 229,993 | |
Bacterin International Holdings, Inc. (a)(d) | 9,747 | 8,821 | |
Baxter International, Inc. | 518,087 | 35,022,681 | |
Becton, Dickinson & Co. | 183,162 | 16,129,246 | |
BioLase Technology, Inc. (d) | 30,401 | 109,748 | |
Boston Scientific Corp. (a) | 1,371,433 | 10,134,890 | |
BSD Medical Corp. (a)(d) | 46,363 | 61,199 | |
C.R. Bard, Inc. | 78,513 | 7,761,010 | |
Cantel Medical Corp. | 32,623 | 1,015,554 | |
Cardica, Inc. (a) | 23,778 | 27,582 | |
Cardiovascular Systems, Inc. (a)(d) | 12,870 | 203,475 | |
CareFusion Corp. (a) | 200,931 | 6,578,481 | |
Cerus Corp. (a)(d) | 50,032 | 164,605 | |
Conceptus, Inc. (a)(d) | 26,951 | 601,816 | |
CONMED Corp. | 19,521 | 607,298 | |
Covidien PLC | 443,714 | 28,206,899 | |
Cryolife, Inc. | 20,961 | 128,491 | |
Cutera, Inc. (a) | 15,449 | 199,292 | |
| |||
Shares | Value | ||
Cyberonics, Inc. (a)(d) | 26,017 | $ 1,190,278 | |
Cynosure, Inc. Class A (a) | 12,701 | 359,819 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 185,842 | |
DENTSPLY International, Inc. | 147,347 | 6,103,113 | |
Derma Sciences, Inc. (a)(d) | 7,901 | 97,419 | |
DexCom, Inc. (a)(d) | 65,323 | 975,272 | |
DynaVox, Inc. Class A (a) | 5,368 | 2,460 | |
Edwards Lifesciences Corp. (a)(d) | 106,727 | 9,171,051 | |
Endologix, Inc. (a)(d) | 46,783 | 704,552 | |
EnteroMedics, Inc. (a) | 21,626 | 18,153 | |
ERBA Diagnostics, Inc. (a) | 3,094 | 2,321 | |
Exactech, Inc. (a) | 3,102 | 57,108 | |
Fonar Corp. (a) | 719 | 3,875 | |
Genmark Diagnostics, Inc. (a)(d) | 17,233 | 179,740 | |
Globus Medical, Inc. (d) | 7,896 | 114,097 | |
Greatbatch, Inc. (a) | 22,320 | 604,202 | |
Haemonetics Corp. (a)(d) | 43,426 | 1,791,323 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 104,209 | |
Hill-Rom Holdings, Inc. | 51,670 | 1,693,743 | |
Hologic, Inc. (a)(d) | 247,079 | 5,393,735 | |
ICU Medical, Inc. (a)(d) | 17,344 | 984,445 | |
IDEXX Laboratories, Inc. (a)(d) | 50,000 | 4,606,000 | |
Insulet Corp. (a)(d) | 55,000 | 1,241,350 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 578,386 | |
Intuitive Surgical, Inc. (a) | 37,346 | 19,042,352 | |
Invacare Corp. | 28,414 | 412,287 | |
Kewaunee Scientific Corp. | 1,376 | 17,998 | |
LeMaitre Vascular, Inc. | 3,845 | 23,455 | |
Mako Surgical Corp. (a)(d) | 32,106 | 410,636 | |
Masimo Corp. (d) | 62,689 | 1,244,377 | |
Medical Action Industries, Inc. (a) | 12,909 | 76,421 | |
Medtronic, Inc. | 949,634 | 42,695,545 | |
MELA Sciences, Inc. (a)(d) | 40,114 | 59,770 | |
Meridian Bioscience, Inc. (d) | 35,455 | 751,646 | |
Merit Medical Systems, Inc. (a) | 29,543 | 352,153 | |
Misonix, Inc. (a) | 2,579 | 14,700 | |
Natus Medical, Inc. (a) | 24,629 | 312,788 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 351,349 | |
Neogen Corp. (a) | 25,237 | 1,181,596 | |
NuVasive, Inc. (a)(d) | 44,714 | 830,339 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 480,553 | |
OraSure Technologies, Inc. (a)(d) | 46,551 | 258,824 | |
Orthofix International NV (a) | 16,427 | 612,070 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
PhotoMedex, Inc. (a)(d) | 6,551 | 96,627 | |
Quidel Corp. (a)(d) | 35,813 | 847,694 | |
ResMed, Inc. (d) | 155,104 | 6,900,577 | |
Retractable Technologies, Inc. (a) | 5,248 | 5,169 | |
Rochester Medical Corp. (a) | 2,100 | 30,996 | |
Rockwell Medical Technologies, Inc. (a)(d) | 7,369 | 32,497 | |
RTI Biologics, Inc. (a) | 29,474 | 106,991 | |
Sirona Dental Systems, Inc. (a) | 48,806 | 3,466,202 | |
Solta Medical, Inc. (a) | 40,698 | 92,791 | |
St. Jude Medical, Inc. (d) | 284,901 | 11,680,941 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Staar Surgical Co. (a) | 15,788 | $ 85,097 | |
Stereotaxis, Inc. (a)(d) | 2,453 | 5,348 | |
Steris Corp. (d) | 82,536 | 3,218,904 | |
Stryker Corp. | 269,553 | 17,219,046 | |
SurModics, Inc. (a) | 19,525 | 495,154 | |
Symmetry Medical, Inc. (a) | 29,367 | 306,298 | |
Synergetics USA, Inc. (a) | 3,622 | 19,269 | |
Teleflex, Inc. | 35,045 | 2,802,198 | |
The Cooper Companies, Inc. | 42,920 | 4,552,095 | |
The Spectranetics Corp. (a)(d) | 29,169 | 529,417 | |
Theragenics Corp. (a) | 22,546 | 36,750 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 14,260 | |
Thoratec Corp. (a) | 57,172 | 2,013,026 | |
TranS1, Inc. (a) | 5,200 | 11,388 | |
Unilife Corp. (a)(d) | 50,575 | 126,943 | |
Urologix, Inc. (a) | 3,267 | 2,189 | |
Uroplasty, Inc. (a) | 1,597 | 3,897 | |
Varian Medical Systems, Inc. (a)(d) | 101,219 | 7,149,098 | |
Vascular Solutions, Inc. (a) | 2,125 | 32,258 | |
Vermillion, Inc. (a) | 5,249 | 6,404 | |
Volcano Corp. (a)(d) | 46,394 | 1,003,966 | |
West Pharmaceutical Services, Inc. | 28,551 | 1,725,051 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 690,199 | |
Zeltiq Aesthetics, Inc. (a)(d) | 6,038 | 24,333 | |
Zimmer Holdings, Inc. | 161,495 | 12,105,665 | |
| 347,888,867 | ||
Health Care Providers & Services - 2.0% | |||
Acadia Healthcare Co., Inc. (a)(d) | 30,637 | 833,939 | |
Accretive Health, Inc. (a)(d) | 42,994 | 411,883 | |
Aetna, Inc. | 311,680 | 14,708,179 | |
Air Methods Corp. (d) | 37,158 | 1,664,307 | |
Alliance Healthcare Services, Inc. (a) | 17,141 | 120,673 | |
Almost Family, Inc. | 9,932 | 204,500 | |
Amedisys, Inc. (a)(d) | 20,047 | 226,531 | |
AmerisourceBergen Corp. | 235,018 | 11,092,850 | |
AMN Healthcare Services, Inc. (a)(d) | 76,320 | 1,076,112 | |
AmSurg Corp. (a) | 25,500 | 770,100 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 199,492 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 845,162 | |
BioScrip, Inc. (a) | 41,738 | 457,031 | |
Brookdale Senior Living, Inc. (a) | 93,728 | 2,594,391 | |
Capital Senior Living Corp. (a) | 26,619 | 612,237 | |
Cardinal Health, Inc. | 310,473 | 14,346,957 | |
CardioNet, Inc. (a) | 34,161 | 85,061 | |
Centene Corp. (a) | 49,035 | 2,207,556 | |
Chemed Corp. | 14,268 | 1,101,347 | |
Chindex International, Inc. (a)(d) | 9,187 | 100,598 | |
CIGNA Corp. | 263,345 | 15,395,149 | |
Community Health Systems, Inc. | 114,654 | 4,845,278 | |
Corvel Corp. (a) | 8,848 | 425,058 | |
| |||
Shares | Value | ||
Coventry Health Care, Inc. | 124,996 | $ 5,669,819 | |
Cross Country Healthcare, Inc. (a) | 40,427 | 230,434 | |
DaVita, Inc. (a) | 77,571 | 9,279,043 | |
Emeritus Corp. (a) | 31,438 | 895,669 | |
ExamWorks Group, Inc. (a)(d) | 20,990 | 297,218 | |
Express Scripts Holding Co. (a) | 763,329 | 43,441,053 | |
Five Star Quality Care, Inc. (a)(d) | 32,241 | 204,408 | |
Gentiva Health Services, Inc. (a) | 24,132 | 253,869 | |
Hanger, Inc. (a) | 27,160 | 805,566 | |
HCA Holdings, Inc. | 227,570 | 8,440,571 | |
Health Management Associates, Inc. Class A (a)(d) | 222,836 | 2,448,968 | |
Health Net, Inc. (a) | 71,306 | 1,835,416 | |
HealthSouth Corp. (a)(d) | 85,304 | 2,057,532 | |
Healthways, Inc. (a) | 33,821 | 434,600 | |
Henry Schein, Inc. (a)(d) | 78,240 | 6,980,573 | |
HMS Holdings Corp. (a)(d) | 81,690 | 2,368,193 | |
Hooper Holmes, Inc. (a) | 6,267 | 3,127 | |
Humana, Inc. | 145,992 | 9,965,414 | |
IPC The Hospitalist Co., Inc. (a)(d) | 20,567 | 857,644 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 421,171 | |
Laboratory Corp. of America Holdings (a) | 96,901 | 8,585,429 | |
Landauer, Inc. | 14,935 | 876,834 | |
LCA-Vision, Inc. (a) | 27,238 | 78,718 | |
LHC Group, Inc. (a) | 12,810 | 260,299 | |
LifePoint Hospitals, Inc. (a) | 49,772 | 2,194,447 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,298,590 | |
McKesson Corp. | 217,757 | 23,110,550 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,772,246 | |
Molina Healthcare, Inc. (a) | 24,412 | 778,987 | |
MWI Veterinary Supply, Inc. (a) | 13,354 | 1,686,076 | |
National Healthcare Corp. | 6,159 | 285,593 | |
National Research Corp. | 320 | 18,202 | |
NeoStem, Inc. (a)(d) | 112,699 | 68,239 | |
Omnicare, Inc. | 104,008 | 3,875,338 | |
Owens & Minor, Inc. (d) | 59,970 | 1,826,087 | |
Patterson Companies, Inc. | 78,096 | 2,838,009 | |
PDI, Inc. (a)(d) | 1,365 | 9,965 | |
PharMerica Corp. (a)(d) | 29,176 | 418,092 | |
Providence Service Corp. (a) | 13,245 | 226,225 | |
Quest Diagnostics, Inc. | 146,597 | 8,234,353 | |
RadNet, Inc. (a)(d) | 27,076 | 76,625 | |
Select Medical Holdings Corp. | 37,877 | 349,983 | |
Sharps Compliance Corp. (a) | 5,184 | 15,137 | |
Skilled Healthcare Group, Inc. (a)(d) | 27,157 | 158,054 | |
Team Health Holdings, Inc. (a) | 31,431 | 1,052,624 | |
Tenet Healthcare Corp. (a) | 99,732 | 3,920,465 | |
The Ensign Group, Inc. | 8,656 | 271,106 | |
Triple-S Management Corp. (a) | 20,220 | 363,151 | |
U.S. Physical Therapy, Inc. | 11,240 | 276,729 | |
UnitedHealth Group, Inc. | 956,152 | 51,106,324 | |
Universal American Spin Corp. (d) | 33,569 | 279,965 | |
Universal Health Services, Inc. Class B | 83,733 | 4,847,303 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Vanguard Health Systems, Inc. (a) | 30,455 | $ 452,866 | |
VCA Antech, Inc. (a)(d) | 74,767 | 1,641,883 | |
Wellcare Health Plans, Inc. (a) | 41,317 | 2,362,919 | |
WellPoint, Inc. | 291,689 | 18,137,222 | |
| 316,969,314 | ||
Health Care Technology - 0.1% | |||
Allscripts Healthcare Solutions, Inc. (a) | 157,560 | 2,004,163 | |
athenahealth, Inc. (a)(d) | 32,907 | 3,086,348 | |
Authentidate Holding Corp. (a) | 816 | 561 | |
Cerner Corp. (a)(d) | 135,411 | 11,843,046 | |
CollabRx, Inc. (a) | 87 | 297 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,143,795 | |
Epocrates, Inc. (a) | 10,933 | 128,463 | |
Greenway Medical Technologies (d) | 5,301 | 84,021 | |
HealthStream, Inc. (a)(d) | 34,016 | 727,602 | |
MedAssets, Inc. (a) | 39,701 | 733,277 | |
Medidata Solutions, Inc. (a) | 26,465 | 1,379,356 | |
Merge Healthcare, Inc. (a)(d) | 37,852 | 92,737 | |
Omnicell, Inc. (a) | 25,141 | 453,041 | |
Quality Systems, Inc. | 52,869 | 979,134 | |
Vocera Communications, Inc. (d) | 5,171 | 136,359 | |
| 22,792,200 | ||
Life Sciences Tools & Services - 0.6% | |||
Accelerate Diagnostics, Inc. (a) | 8,536 | 44,814 | |
Affymetrix, Inc. (a)(d) | 55,779 | 227,021 | |
Agilent Technologies, Inc. | 320,533 | 13,295,709 | |
Albany Molecular Research, Inc. (a) | 23,897 | 193,088 | |
Apricus Biosciences, Inc. (a)(d) | 18,211 | 48,623 | |
BG Medicine, Inc. (a) | 3,134 | 5,390 | |
Bio-Rad Laboratories, Inc. Class A (a) | 19,230 | 2,369,136 | |
Bruker BioSciences Corp. (a) | 80,763 | 1,416,583 | |
Cambrex Corp. (a) | 18,522 | 213,188 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,735,931 | |
Complete Genomics, Inc. (a) | 13,147 | 41,150 | |
Covance, Inc. (a)(d) | 51,822 | 3,450,827 | |
Enzo Biochem, Inc. (a) | 14,697 | 44,091 | |
Fluidigm Corp. (a)(d) | 18,074 | 311,957 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 341,360 | |
Harvard Bioscience, Inc. (a) | 675 | 3,881 | |
Illumina, Inc. (a)(d) | 126,010 | 6,316,881 | |
Life Technologies Corp. (a) | 158,332 | 9,203,839 | |
Luminex Corp. (a)(d) | 39,871 | 673,022 | |
Mettler-Toledo International, Inc. (a)(d) | 30,026 | 6,389,533 | |
Pacific Biosciences of California, Inc. (a) | 28,978 | 66,649 | |
PAREXEL International Corp. (a)(d) | 52,568 | 1,823,584 | |
PerkinElmer, Inc. | 100,729 | 3,441,910 | |
pSivida Corp. (a) | 25,265 | 54,320 | |
Sequenom, Inc. (a)(d) | 91,772 | 377,183 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 2,825 | |
| |||
Shares | Value | ||
Techne Corp. | 35,747 | $ 2,430,439 | |
Thermo Fisher Scientific, Inc. | 337,779 | 24,928,090 | |
Waters Corp. (a) | 81,803 | 7,584,774 | |
| 87,035,798 | ||
Pharmaceuticals - 4.9% | |||
AbbVie, Inc. | 1,484,571 | 54,810,361 | |
Actavis, Inc. (a) | 117,843 | 10,035,510 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 5,943 | |
Akorn, Inc. (a)(d) | 58,979 | 813,910 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 13,886 | 61,515 | |
Alimera Sciences, Inc. (a) | 3,741 | 11,223 | |
Allergan, Inc. | 290,720 | 31,519,862 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 26,020 | 100,958 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 644,217 | |
AVANIR Pharmaceuticals Class A (a)(d) | 100,270 | 273,737 | |
Biodel, Inc. (a)(d) | 8,109 | 22,138 | |
Biodelivery Sciences International, Inc. (a) | 15,298 | 57,673 | |
BioSante Pharmaceuticals, Inc. (a)(d) | 21,445 | 28,093 | |
Bristol-Myers Squibb Co. | 1,544,466 | 57,098,908 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 214,772 | |
Cempra, Inc. | 9,089 | 59,260 | |
Columbia Laboratories, Inc. (a)(d) | 42,578 | 26,279 | |
Corcept Therapeutics, Inc. (a)(d) | 36,105 | 58,851 | |
Cornerstone Therapeutics, Inc. (a) | 11,437 | 76,285 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 31,352 | |
DepoMed, Inc. (a)(d) | 31,971 | 206,852 | |
Durect Corp. (a) | 121,504 | 136,084 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 15,070 | |
Eli Lilly & Co. | 956,322 | 52,272,561 | |
Endo Health Solutions, Inc. (a) | 113,364 | 3,514,284 | |
Endocyte, Inc. (a)(d) | 47,373 | 457,149 | |
Forest Laboratories, Inc. (a) | 228,644 | 8,414,099 | |
Hi-Tech Pharmacal Co., Inc. (d) | 12,868 | 476,245 | |
Horizon Pharma, Inc. (d) | 37,555 | 79,241 | |
Hospira, Inc. (a) | 171,244 | 5,039,711 | |
Impax Laboratories, Inc. (a) | 57,998 | 1,150,100 | |
Jazz Pharmaceuticals PLC (a)(d) | 45,062 | 2,621,707 | |
Johnson & Johnson | 2,593,486 | 197,390,219 | |
Lannett Co., Inc. (a) | 27,670 | 228,554 | |
MAP Pharmaceuticals, Inc. (a)(d) | 25,044 | 626,100 | |
Merck & Co., Inc. | 2,849,519 | 121,759,947 | |
Mylan, Inc. (a) | 369,805 | 10,949,926 | |
Nektar Therapeutics (a)(d) | 110,915 | 1,028,182 | |
NuPathe, Inc. (a)(d) | 18,258 | 59,704 | |
Obagi Medical Products, Inc. (a) | 21,864 | 294,727 | |
Omeros Corp. (a)(d) | 20,009 | 108,649 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 39,316 | 476,510 | |
Pacira Pharmaceuticals, Inc. (a)(d) | 42,514 | 929,356 | |
Pain Therapeutics, Inc. | 34,536 | 101,190 | |
Pernix Therapeutics Holdings, Inc. (a)(d) | 5,833 | 34,765 | |
Perrigo Co. | 81,693 | 9,245,197 | |
Pfizer, Inc. | 6,900,227 | 188,859,213 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Pozen, Inc. (a)(d) | 23,223 | $ 143,750 | |
Questcor Pharmaceuticals, Inc. (d) | 59,227 | 1,930,800 | |
Repros Therapeutics, Inc. (a)(d) | 14,128 | 166,004 | |
Sagent Pharmaceuticals, Inc. (a)(d) | 10,801 | 177,136 | |
Salix Pharmaceuticals Ltd. (a) | 48,250 | 2,357,013 | |
Santarus, Inc. (a)(d) | 38,184 | 506,702 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 46,113 | 219,498 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 6,532 | 18,551 | |
Sucampo Pharmaceuticals, Inc. Class A (a) | 10,506 | 53,686 | |
Supernus Pharmaceuticals, Inc. (a)(d) | 9,151 | 70,097 | |
The Medicines Company (a) | 52,840 | 1,680,840 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 14,465 | |
Ventrus Biosciences, Inc. (a)(d) | 6,995 | 21,405 | |
ViroPharma, Inc. (a)(d) | 60,392 | 1,506,176 | |
VIVUS, Inc. (a)(d) | 111,051 | 1,190,467 | |
Warner Chilcott PLC (d) | 165,178 | 2,231,555 | |
XenoPort, Inc. (a)(d) | 57,569 | 439,827 | |
Zoetis, Inc. Class A | 82,000 | 2,742,900 | |
Zogenix, Inc. (a)(d) | 43,460 | 81,270 | |
| 777,978,331 | ||
TOTAL HEALTH CARE | 1,871,399,851 | ||
INDUSTRIALS - 11.1% | |||
Aerospace & Defense - 2.1% | |||
AAR Corp. | 45,448 | 798,521 | |
AeroVironment, Inc. (a)(d) | 13,243 | 292,935 | |
Alliant Techsystems, Inc. | 27,998 | 1,842,268 | |
American Science & Engineering, Inc. | 13,204 | 825,778 | |
API Technologies Corp. (a)(d) | 22,349 | 58,554 | |
Ascent Solar Technologies, Inc. (a)(d) | 33,082 | 21,503 | |
Astronics Corp. (a) | 6,636 | 182,822 | |
Astrotech Corp. (a) | 8,707 | 7,227 | |
BE Aerospace, Inc. (a) | 98,215 | 5,167,091 | |
Breeze Industrial Products Corp. (a) | 1,281 | 10,440 | |
CPI Aerostructures, Inc. (a) | 3,805 | 33,865 | |
Cubic Corp. | 13,440 | 560,986 | |
Curtiss-Wright Corp. | 45,438 | 1,577,153 | |
DigitalGlobe, Inc. (a) | 70,420 | 1,836,554 | |
Ducommun, Inc. (a) | 15,643 | 242,467 | |
EDAC Technologies Corp. (a)(d) | 4,274 | 65,392 | |
Engility Holdings, Inc. (a)(d) | 14,341 | 270,615 | |
Esterline Technologies Corp. (a) | 30,025 | 2,069,623 | |
Exelis, Inc. | 193,690 | 1,998,881 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 1,077,836 | |
General Dynamics Corp. | 313,129 | 21,283,378 | |
HEICO Corp. Class A | 36,331 | 1,209,822 | |
Hexcel Corp. (a) | 86,216 | 2,349,386 | |
| |||
Shares | Value | ||
Honeywell International, Inc. | 732,334 | $ 51,336,613 | |
Huntington Ingalls Industries, Inc. | 51,071 | 2,453,451 | |
Innovative Solutions & Support, Inc. | 21,878 | 100,201 | |
KEYW Holding Corp. (a)(d) | 21,302 | 308,879 | |
Kratos Defense & Security Solutions, Inc. (a)(d) | 44,930 | 190,054 | |
L-3 Communications Holdings, Inc. | 86,081 | 6,565,398 | |
LMI Aerospace, Inc. (a) | 6,877 | 152,326 | |
Lockheed Martin Corp. | 249,444 | 21,951,072 | |
Moog, Inc. Class A (a)(d) | 37,679 | 1,694,048 | |
National Presto Industries, Inc. (d) | 4,216 | 320,374 | |
Northrop Grumman Corp. | 225,796 | 14,830,281 | |
Orbital Sciences Corp. (a) | 40,989 | 605,817 | |
Precision Castparts Corp. | 137,053 | 25,572,719 | |
Raytheon Co. | 310,361 | 16,936,400 | |
Rockwell Collins, Inc. (d) | 124,488 | 7,482,974 | |
SIFCO Industries, Inc. | 891 | 14,292 | |
Sparton Corp. (a) | 3,920 | 56,213 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 98,651 | 1,717,514 | |
Sypris Solutions, Inc. | 16,848 | 69,751 | |
Taser International, Inc. (a) | 58,908 | 438,865 | |
Teledyne Technologies, Inc. (a) | 29,878 | 2,198,423 | |
Textron, Inc. | 260,495 | 7,515,281 | |
The Boeing Co. | 634,274 | 48,775,671 | |
TransDigm Group, Inc. | 48,745 | 6,938,363 | |
Triumph Group, Inc. | 48,645 | 3,571,029 | |
United Technologies Corp. | 787,352 | 71,294,724 | |
| 336,873,830 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a)(d) | 108,399 | 598,362 | |
Atlas Air Worldwide Holdings, Inc. (a) | 36,312 | 1,713,563 | |
C.H. Robinson Worldwide, Inc. | 150,495 | 8,581,225 | |
Echo Global Logistics, Inc. (a) | 11,731 | 218,783 | |
Expeditors International of Washington, Inc. | 197,701 | 7,680,684 | |
FedEx Corp. | 272,333 | 28,712,068 | |
Forward Air Corp. | 28,163 | 1,062,308 | |
Hub Group, Inc. Class A (a)(d) | 34,129 | 1,287,687 | |
Pacer International, Inc. (a)(d) | 29,688 | 123,205 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 71,902 | |
Radiant Logistics, Inc. (a)(d) | 14,104 | 30,465 | |
United Parcel Service, Inc. Class B | 666,512 | 55,087,217 | |
UTI Worldwide, Inc. | 92,577 | 1,409,948 | |
XPO Logistics, Inc. (a)(d) | 10,264 | 178,799 | |
| 106,756,216 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 59,510 | 3,067,741 | |
Allegiant Travel Co. | 24,598 | 1,974,973 | |
Delta Air Lines, Inc. (a) | 772,651 | 11,025,730 | |
Hawaiian Holdings, Inc. (a)(d) | 71,807 | 406,428 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 1,018,286 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 770,623 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Airlines - continued | |||
SkyWest, Inc. | 63,299 | $ 886,186 | |
Southwest Airlines Co. | 643,054 | 7,523,732 | |
Spirit Airlines, Inc. (a) | 46,648 | 944,622 | |
United Continental Holdings, Inc. (a)(d) | 301,593 | 8,055,549 | |
US Airways Group, Inc. (a)(d) | 143,221 | 1,923,458 | |
| 37,597,328 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. (d) | 36,923 | 2,641,102 | |
AAON, Inc. | 33,674 | 810,196 | |
Ameresco, Inc. Class A (a)(d) | 38,199 | 317,434 | |
American Woodmark Corp. (a) | 9,343 | 299,910 | |
Apogee Enterprises, Inc. | 33,247 | 857,440 | |
Armstrong World Industries, Inc. (d) | 15,342 | 784,436 | |
Builders FirstSource, Inc. (a)(d) | 54,285 | 328,424 | |
Fortune Brands Home & Security, Inc. (a) | 151,004 | 5,217,188 | |
Gibraltar Industries, Inc. (a) | 56,316 | 965,819 | |
Griffon Corp. | 38,833 | 437,648 | |
Insteel Industries, Inc. | 16,775 | 266,555 | |
Lennox International, Inc. | 38,428 | 2,269,942 | |
Masco Corp. | 332,269 | 6,399,501 | |
NCI Building Systems, Inc. (a) | 16,002 | 261,633 | |
Nortek, Inc. (a) | 12,474 | 897,380 | |
Owens Corning (a)(d) | 130,235 | 5,054,420 | |
Patrick Industries, Inc. (a)(d) | 7,747 | 102,725 | |
Quanex Building Products Corp. | 24,300 | 483,813 | |
Simpson Manufacturing Co. Ltd. (d) | 40,648 | 1,182,857 | |
Trex Co., Inc. (a)(d) | 11,686 | 552,047 | |
Universal Forest Products, Inc. (d) | 26,737 | 1,084,987 | |
USG Corp. (a)(d) | 77,759 | 2,194,359 | |
| 33,409,816 | ||
Commercial Services & Supplies - 0.8% | |||
A.T. Cross Co. Class A (a) | 3,868 | 47,228 | |
ABM Industries, Inc. | 41,566 | 943,548 | |
ACCO Brands Corp. (d) | 120,265 | 901,988 | |
Acorn Energy, Inc. (d) | 12,727 | 82,853 | |
ADT Corp. (d) | 214,104 | 10,253,441 | |
ARC Document Solutions, Inc. (a) | 46,203 | 103,957 | |
Avery Dennison Corp. | 106,008 | 4,330,427 | |
Casella Waste Systems, Inc. Class A (a)(d) | 64,851 | 303,503 | |
CECO Environmental Corp. | 2,290 | 24,732 | |
Cenveo, Inc. (a)(d) | 104,135 | 218,684 | |
Cintas Corp. | 89,845 | 3,944,196 | |
Clean Harbors, Inc. (a)(d) | 47,498 | 2,446,147 | |
Consolidated Graphics, Inc. (a)(d) | 14,819 | 572,013 | |
Copart, Inc. (a) | 124,595 | 4,253,673 | |
Corrections Corp. of America | 88,360 | 3,388,606 | |
Courier Corp. | 17,378 | 218,094 | |
Covanta Holding Corp. (d) | 125,817 | 2,460,981 | |
Deluxe Corp. (d) | 54,408 | 2,158,909 | |
| |||
Shares | Value | ||
EnergySolutions, Inc. (a) | 165,491 | $ 615,627 | |
EnerNOC, Inc. (a)(d) | 25,460 | 419,835 | |
Ennis, Inc. | 21,290 | 333,401 | |
Fuel Tech, Inc. (a) | 51,934 | 230,068 | |
G&K Services, Inc. Class A | 16,380 | 682,555 | |
Healthcare Services Group, Inc. (d) | 52,919 | 1,275,348 | |
Heritage-Crystal Clean, Inc. (a)(d) | 7,679 | 113,265 | |
Herman Miller, Inc. | 49,763 | 1,194,312 | |
HNI Corp. (d) | 49,416 | 1,559,569 | |
Hudson Technologies, Inc. (a)(d) | 5,394 | 23,464 | |
Industrial Services of America, Inc. (a)(d) | 1,620 | 4,860 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 421,418 | |
Interface, Inc. | 44,100 | 807,471 | |
Intersections, Inc. | 12,865 | 134,954 | |
Iron Mountain, Inc. | 183,385 | 6,326,783 | |
KAR Auction Services, Inc. | 83,381 | 1,769,345 | |
Kimball International, Inc. Class B | 16,142 | 148,668 | |
Knoll, Inc. | 32,235 | 548,640 | |
McGrath RentCorp. | 17,562 | 517,903 | |
Metalico, Inc. (a)(d) | 55,605 | 91,192 | |
Mine Safety Appliances Co. | 26,951 | 1,262,654 | |
Mobile Mini, Inc. (a)(d) | 36,488 | 982,257 | |
Multi-Color Corp. | 7,946 | 191,737 | |
NL Industries, Inc. | 6,707 | 85,850 | |
Performant Financial Corp. (d) | 11,395 | 150,984 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 31,567 | |
Pitney Bowes, Inc. (d) | 187,772 | 2,459,813 | |
Quad/Graphics, Inc. (d) | 22,071 | 480,044 | |
R.R. Donnelley & Sons Co. (d) | 150,758 | 1,573,914 | |
Republic Services, Inc. | 279,496 | 8,787,354 | |
Rollins, Inc. | 69,664 | 1,707,465 | |
Schawk, Inc. Class A | 4,209 | 45,289 | |
Standard Parking Corp. (a) | 5,698 | 118,262 | |
Standard Register Co. | 19,851 | 10,521 | |
Steelcase, Inc. Class A | 74,937 | 1,060,359 | |
Stericycle, Inc. (a) | 80,780 | 7,748,418 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 144,744 | 204,089 | |
Team, Inc. (a) | 18,138 | 795,533 | |
Tetra Tech, Inc. (a) | 56,334 | 1,625,799 | |
The Brink's Co. | 40,696 | 1,076,409 | |
TMS International Corp. (a) | 14,898 | 205,294 | |
TRC Companies, Inc. (a) | 13,255 | 85,362 | |
Tyco International Ltd. | 436,716 | 13,979,279 | |
Unifirst Corp. Massachusetts | 12,480 | 1,042,579 | |
United Stationers, Inc. | 31,409 | 1,137,006 | |
US Ecology, Inc. | 25,366 | 630,852 | |
Viad Corp. | 19,833 | 544,614 | |
Virco Manufacturing Co. (a) | 2,682 | 7,000 | |
Waste Connections, Inc. | 109,931 | 3,760,740 | |
Waste Management, Inc. | 396,275 | 14,788,983 | |
| 120,451,685 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 100,199 | $ 3,037,032 | |
Aegion Corp. (a)(d) | 34,101 | 819,447 | |
Argan, Inc. | 7,465 | 124,889 | |
Comfort Systems USA, Inc. | 43,738 | 545,850 | |
Dycom Industries, Inc. (a) | 25,959 | 543,841 | |
EMCOR Group, Inc. | 58,224 | 2,245,700 | |
Fluor Corp. | 155,989 | 9,655,719 | |
Foster Wheeler AG (a) | 92,101 | 2,215,950 | |
Furmanite Corp. (a) | 35,767 | 213,529 | |
Goldfield Corp. (d) | 22,426 | 83,873 | |
Granite Construction, Inc. | 31,641 | 983,719 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 380,952 | |
Integrated Electrical Services, Inc. (a) | 13,442 | 77,964 | |
Jacobs Engineering Group, Inc. (a) | 112,424 | 5,490,788 | |
KBR, Inc. | 139,890 | 4,251,257 | |
Layne Christensen Co. (a)(d) | 15,356 | 337,678 | |
MasTec, Inc. (a)(d) | 50,211 | 1,510,849 | |
Michael Baker Corp. | 6,265 | 151,864 | |
MYR Group, Inc. (a) | 25,270 | 586,517 | |
Northwest Pipe Co. (a) | 12,188 | 291,049 | |
Orion Marine Group, Inc. (a)(d) | 15,813 | 150,540 | |
Pike Electric Corp. | 14,023 | 195,481 | |
Primoris Services Corp. | 27,169 | 509,419 | |
Quanta Services, Inc. (a) | 201,419 | 5,720,300 | |
Sterling Construction Co., Inc. (a) | 31,847 | 359,871 | |
Tutor Perini Corp. (a) | 37,087 | 630,850 | |
UniTek Global Services, Inc. (a) | 18,062 | 63,578 | |
URS Corp. | 82,388 | 3,481,717 | |
| 44,660,223 | ||
Electrical Equipment - 0.8% | |||
Active Power, Inc. (a)(d) | 10,523 | 48,090 | |
Acuity Brands, Inc. (d) | 38,677 | 2,635,064 | |
Allied Motion Technologies, Inc. | 4,209 | 29,463 | |
Altair Nanotechnologies, Inc. (a)(d) | 10,605 | 21,846 | |
American Superconductor Corp. (a)(d) | 126,771 | 366,368 | |
AMETEK, Inc. | 227,538 | 9,517,915 | |
AZZ, Inc. | 24,628 | 1,099,886 | |
Babcock & Wilcox Co. | 118,199 | 3,193,737 | |
Belden, Inc. | 39,680 | 1,998,285 | |
Brady Corp. Class A | 43,963 | 1,496,940 | |
Broadwind Energy, Inc. (a) | 15,938 | 53,711 | |
Capstone Turbine Corp. (a)(d) | 814,128 | 789,704 | |
Coleman Cable, Inc. | 5,164 | 51,175 | |
Eaton Corp. PLC | 428,520 | 26,555,384 | |
Emerson Electric Co. | 674,974 | 38,271,026 | |
Encore Wire Corp. | 23,059 | 753,799 | |
EnerSys (a) | 39,836 | 1,628,496 | |
Enphase Energy, Inc. (d) | 8,807 | 43,419 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 51,987 | |
Franklin Electric Co., Inc. (d) | 17,393 | 1,131,763 | |
FuelCell Energy, Inc. (a) | 246,058 | 260,821 | |
| |||
Shares | Value | ||
Generac Holdings, Inc. (d) | 30,944 | $ 1,066,021 | |
General Cable Corp. (a)(d) | 39,737 | 1,308,937 | |
Global Power Equipment Group, Inc. | 10,454 | 175,418 | |
GrafTech International Ltd. (a)(d) | 132,891 | 982,064 | |
Hubbell, Inc. Class B | 49,454 | 4,594,771 | |
II-VI, Inc. (a)(d) | 46,725 | 809,744 | |
LSI Industries, Inc. | 24,011 | 165,436 | |
MagneTek, Inc. (a) | 2,664 | 33,300 | |
Ocean Power Technologies, Inc. (a)(d) | 11,040 | 21,749 | |
Plug Power, Inc. (a)(d) | 38,179 | 6,490 | |
Polypore International, Inc. (a)(d) | 41,032 | 1,570,705 | |
Powell Industries, Inc. (a) | 7,721 | 449,439 | |
PowerSecure International, Inc. (a) | 20,869 | 176,343 | |
Preformed Line Products Co. | 1,961 | 138,878 | |
Regal-Beloit Corp. | 40,174 | 3,104,647 | |
Revolution Lighting Technologies, Inc. (a) | 1,806 | 1,860 | |
Rockwell Automation, Inc. | 127,826 | 11,547,801 | |
Roper Industries, Inc. | 90,096 | 11,226,863 | |
SL Industries, Inc. | 3,648 | 69,093 | |
SolarCity Corp. (d) | 12,947 | 234,470 | |
Thermon Group Holdings, Inc. (a) | 10,097 | 206,989 | |
Ultralife Corp. (a) | 13,410 | 50,958 | |
Vicor Corp. (a) | 10,982 | 57,985 | |
| 127,998,840 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 597,243 | 62,113,272 | |
Carlisle Companies, Inc. | 55,830 | 3,789,182 | |
Danaher Corp. | 547,005 | 33,695,508 | |
General Electric Co. | 9,822,809 | 228,085,625 | |
Raven Industries, Inc. (d) | 30,000 | 846,900 | |
Seaboard Corp. | 366 | 1,044,194 | |
| 329,574,681 | ||
Machinery - 2.3% | |||
Accuride Corp. (a)(d) | 79,004 | 319,966 | |
Actuant Corp. Class A (d) | 71,032 | 2,160,083 | |
Adept Technology, Inc. (a) | 2,954 | 8,803 | |
AGCO Corp. | 85,338 | 4,393,200 | |
Alamo Group, Inc. | 17,898 | 640,390 | |
Albany International Corp. Class A | 47,080 | 1,344,605 | |
Altra Holdings, Inc. | 19,022 | 489,626 | |
American Railcar Industries, Inc. | 11,797 | 514,821 | |
Ampco-Pittsburgh Corp. | 10,414 | 194,846 | |
Astec Industries, Inc. (d) | 12,338 | 439,356 | |
Barnes Group, Inc. | 47,337 | 1,259,638 | |
Blount International, Inc. (a) | 31,486 | 474,494 | |
Briggs & Stratton Corp. | 42,488 | 1,039,256 | |
Cascade Corp. | 13,797 | 886,457 | |
Caterpillar, Inc. | 608,193 | 56,178,787 | |
Chart Industries, Inc. (a)(d) | 27,582 | 2,001,350 | |
CIRCOR International, Inc. | 13,068 | 544,674 | |
CLARCOR, Inc. (d) | 46,115 | 2,351,404 | |
Colfax Corp. (a)(d) | 64,640 | 2,805,376 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | $ 529,191 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 608,924 | |
Crane Co. | 41,480 | 2,230,794 | |
Cummins, Inc. | 162,557 | 18,835,480 | |
Deere & Co. | 362,253 | 31,816,681 | |
Donaldson Co., Inc. | 119,915 | 4,320,537 | |
Douglas Dynamics, Inc. | 29,195 | 415,153 | |
Dover Corp. | 166,240 | 12,193,704 | |
Dynamic Materials Corp. | 17,783 | 300,533 | |
Eastern Co. | 2,354 | 39,147 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 402,038 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 1,034,595 | |
ESCO Technologies, Inc. | 20,247 | 821,218 | |
ExOne Co. (d) | 5,200 | 141,388 | |
Federal Signal Corp. (a) | 80,990 | 631,722 | |
Flow International Corp. (a) | 66,905 | 248,218 | |
Flowserve Corp. | 44,479 | 7,138,880 | |
FreightCar America, Inc. | 19,411 | 408,213 | |
Gardner Denver, Inc. | 45,246 | 3,212,014 | |
Gencor Industries, Inc. (a) | 1,849 | 13,239 | |
Gorman-Rupp Co. (d) | 14,200 | 409,528 | |
Graco, Inc. | 51,140 | 2,971,234 | |
Graham Corp. | 12,124 | 282,368 | |
Greenbrier Companies, Inc. (a)(d) | 21,771 | 440,863 | |
Hardinge, Inc. | 12,474 | 163,160 | |
Harsco Corp. | 75,085 | 1,800,538 | |
Hurco Companies, Inc. (a) | 3,319 | 93,330 | |
Hyster-Yale Materials Handling Class A | 12,438 | 637,199 | |
IDEX Corp. | 74,036 | 3,770,653 | |
Illinois Tool Works, Inc. | 397,863 | 24,468,575 | |
Ingersoll-Rand PLC | 283,533 | 14,928,012 | |
ITT Corp. | 114,023 | 3,002,226 | |
John Bean Technologies Corp. | 23,559 | 434,192 | |
Joy Global, Inc. | 99,017 | 6,271,737 | |
Kadant, Inc. | 18,429 | 452,432 | |
Kaydon Corp. | 29,963 | 749,375 | |
Kennametal, Inc. (d) | 67,614 | 2,737,015 | |
L.B. Foster Co. Class A | 10,636 | 469,686 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,987,777 | |
Lindsay Corp. | 10,287 | 879,024 | |
Lydall, Inc. (a) | 9,770 | 147,136 | |
Manitex International, Inc. (a)(d) | 6,745 | 64,617 | |
Manitowoc Co., Inc. (d) | 113,567 | 2,103,261 | |
Meritor, Inc. (a) | 87,590 | 385,396 | |
Met-Pro Corp. | 10,211 | 100,680 | |
Middleby Corp. (a)(d) | 16,713 | 2,495,418 | |
Miller Industries, Inc. | 16,197 | 257,856 | |
Mueller Industries, Inc. | 25,011 | 1,330,085 | |
Mueller Water Products, Inc. Class A | 130,935 | 735,855 | |
Navistar International Corp. (a)(d) | 71,306 | 1,770,528 | |
| |||
Shares | Value | ||
NN, Inc. (a)(d) | 12,121 | $ 104,968 | |
Nordson Corp. | 52,385 | 3,321,209 | |
Omega Flex, Inc. | 258 | 3,594 | |
Oshkosh Truck Corp. (a) | 84,157 | 3,245,094 | |
PACCAR, Inc. | 331,975 | 15,745,574 | |
Pall Corp. | 103,105 | 7,029,699 | |
Parker Hannifin Corp. | 138,351 | 13,071,402 | |
Pentair Ltd. | 196,121 | 10,447,366 | |
PMFG, Inc. (a)(d) | 15,367 | 104,035 | |
Proto Labs, Inc. | 7,469 | 347,234 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 1,088,057 | |
Rexnord Corp. | 31,453 | 640,698 | |
Sauer-Danfoss, Inc. | 13,027 | 705,021 | |
Snap-On, Inc. | 55,924 | 4,489,019 | |
SPX Corp. | 46,613 | 3,752,813 | |
Standex International Corp. (d) | 10,804 | 581,471 | |
Stanley Black & Decker, Inc. | 155,097 | 12,206,134 | |
Sun Hydraulics Corp. | 19,343 | 539,476 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 29,489 | 267,170 | |
Tennant Co. | 13,999 | 653,333 | |
Terex Corp. (a)(d) | 97,076 | 3,185,064 | |
Timken Co. | 75,024 | 4,075,304 | |
Titan International, Inc. (d) | 42,501 | 897,196 | |
Toro Co. | 58,344 | 2,631,314 | |
TriMas Corp. (a)(d) | 46,817 | 1,343,180 | |
Trinity Industries, Inc. (d) | 70,615 | 3,053,393 | |
Twin Disc, Inc. (d) | 7,177 | 171,530 | |
Valmont Industries, Inc. | 23,843 | 3,756,465 | |
Wabash National Corp. (a)(d) | 74,589 | 711,579 | |
WABCO Holdings, Inc. (a) | 59,750 | 4,106,020 | |
Wabtec Corp. | 49,289 | 4,819,971 | |
Watts Water Technologies, Inc. Class A | 38,674 | 1,815,358 | |
Woodward, Inc. | 51,161 | 1,914,956 | |
Xylem, Inc. | 189,589 | 5,213,698 | |
| 358,766,952 | ||
Marine - 0.0% | |||
Baltic Trading Ltd. | 21,117 | 77,711 | |
Eagle Bulk Shipping, Inc. (a)(d) | 19,099 | 37,052 | |
Genco Shipping & Trading Ltd. (a)(d) | 76,288 | 196,060 | |
International Shipholding Corp. | 10,420 | 190,790 | |
Kirby Corp. (a)(d) | 49,913 | 3,792,390 | |
Matson, Inc. (d) | 37,893 | 974,229 | |
| 5,268,232 | ||
Professional Services - 0.4% | |||
Acacia Research Corp. (a)(d) | 43,794 | 1,224,480 | |
Advisory Board Co. (a)(d) | 32,138 | 1,632,932 | |
Barrett Business Services, Inc. | 6,681 | 291,826 | |
CBIZ, Inc. (a)(d) | 37,390 | 237,800 | |
CDI Corp. | 9,649 | 158,823 | |
Corporate Executive Board Co. | 29,612 | 1,603,194 | |
CRA International, Inc. (a)(d) | 15,589 | 344,673 | |
CTPartners Executive Search, Inc. (a) | 859 | 3,221 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
Dolan Co. (a) | 21,177 | $ 61,625 | |
Dun & Bradstreet Corp. | 40,399 | 3,256,159 | |
Equifax, Inc. | 112,378 | 6,194,275 | |
Exponent, Inc. | 15,525 | 780,442 | |
Franklin Covey Co. (a) | 5,338 | 73,771 | |
FTI Consulting, Inc. (a)(d) | 68,234 | 2,370,449 | |
GP Strategies Corp. (a) | 10,677 | 230,516 | |
Heidrick & Struggles International, Inc. | 22,259 | 302,722 | |
Hill International, Inc. (a) | 13,945 | 47,552 | |
Hudson Global, Inc. (a)(d) | 13,947 | 51,325 | |
Huron Consulting Group, Inc. (a) | 20,793 | 814,878 | |
ICF International, Inc. (a) | 17,107 | 423,227 | |
IHS, Inc. Class A (a) | 51,981 | 5,522,981 | |
Insperity, Inc. | 15,769 | 447,051 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 340,732 | |
Kforce, Inc. | 25,995 | 377,967 | |
Korn/Ferry International (a) | 33,723 | 624,213 | |
Manpower, Inc. | 75,166 | 4,104,064 | |
Mastech Holdings, Inc. | 299 | 2,240 | |
MISTRAS Group, Inc. (a) | 12,788 | 261,515 | |
Navigant Consulting, Inc. (a) | 41,733 | 531,261 | |
Nielsen Holdings B.V. | 152,740 | 5,145,811 | |
Odyssey Marine Exploration, Inc. (a)(d) | 46,227 | 161,795 | |
On Assignment, Inc. (a)(d) | 37,950 | 829,587 | |
Pendrell Corp. (a) | 126,539 | 180,951 | |
RCM Technologies, Inc. | 9,908 | 56,079 | |
Resources Connection, Inc. | 43,312 | 528,840 | |
Robert Half International, Inc. | 123,411 | 4,387,261 | |
RPX Corp. (a) | 14,564 | 172,583 | |
Spherix, Inc. (a) | 11 | 127 | |
Towers Watson & Co. | 58,151 | 3,871,112 | |
TrueBlue, Inc. (a) | 38,883 | 753,941 | |
Verisk Analytics, Inc. (a) | 135,085 | 7,905,174 | |
VSE Corp. | 1,834 | 42,017 | |
WageWorks, Inc. (a) | 8,340 | 196,907 | |
| 56,548,099 | ||
Road & Rail - 0.9% | |||
AMERCO | 7,919 | 1,193,472 | |
Arkansas Best Corp. | 18,872 | 217,783 | |
Avis Budget Group, Inc. (a)(d) | 100,640 | 2,351,957 | |
Celadon Group, Inc. (d) | 62,978 | 1,255,152 | |
Con-way, Inc. (d) | 51,304 | 1,803,336 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 57,316 | |
CSX Corp. | 964,986 | 22,136,779 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 38,299 | 3,428,526 | |
Heartland Express, Inc. (d) | 52,772 | 716,116 | |
Hertz Global Holdings, Inc. (a)(d) | 275,903 | 5,504,265 | |
J.B. Hunt Transport Services, Inc. (d) | 86,516 | 6,014,592 | |
Kansas City Southern | 103,087 | 10,614,868 | |
Knight Transportation, Inc. | 54,848 | 858,920 | |
| |||
Shares | Value | ||
Landstar System, Inc. (d) | 39,848 | $ 2,243,044 | |
Marten Transport Ltd. | 20,799 | 430,539 | |
Norfolk Southern Corp. | 296,098 | 21,629,959 | |
Old Dominion Freight Lines, Inc. (a) | 69,360 | 2,493,492 | |
Patriot Transportation Holding, Inc. (a)(d) | 1,312 | 35,660 | |
Providence & Worcester Railroad Co. | 4,631 | 68,076 | |
Quality Distribution, Inc. (a)(d) | 25,189 | 198,741 | |
Roadrunner Transportation Systems, Inc. (a) | 12,158 | 276,959 | |
Ryder System, Inc. | 45,757 | 2,571,543 | |
Saia, Inc. (a) | 11,656 | 374,507 | |
Swift Transporation Co. (a)(d) | 69,603 | 941,729 | |
Union Pacific Corp. | 440,660 | 60,418,893 | |
Universal Truckload Services, Inc. | 4,618 | 84,232 | |
USA Truck, Inc. (a) | 1,841 | 9,095 | |
Werner Enterprises, Inc. (d) | 41,229 | 949,092 | |
YRC Worldwide, Inc. (a) | 6,129 | 37,571 | |
Zipcar, Inc. (a)(d) | 19,521 | 238,742 | |
| 149,154,956 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 338,387 | |
AeroCentury Corp. (a) | 688 | 11,008 | |
Air Lease Corp. Class A (d) | 64,973 | 1,765,316 | |
Aircastle Ltd. | 55,209 | 743,665 | |
Applied Industrial Technologies, Inc. | 42,674 | 1,852,478 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,638,987 | |
BlueLinx Corp. (a)(d) | 17,176 | 50,154 | |
BlueLinx Corp. rights (a) | 17,176 | 7,204 | |
CAI International, Inc. (a) | 7,670 | 211,692 | |
DXP Enterprises, Inc. (a) | 6,766 | 420,845 | |
Edgen Group, Inc. Class A | 19,685 | 157,874 | |
Essex Rental Corp. (a)(d) | 16,688 | 67,753 | |
Fastenal Co. (d) | 258,190 | 13,330,350 | |
GATX Corp. | 39,127 | 1,950,481 | |
H&E Equipment Services, Inc. (d) | 24,825 | 483,095 | |
Houston Wire & Cable Co. | 15,647 | 182,131 | |
Kaman Corp. | 21,079 | 735,657 | |
Lawson Products, Inc. | 4,764 | 67,839 | |
MRC Global, Inc. (d) | 21,717 | 667,146 | |
MSC Industrial Direct Co., Inc. Class A (d) | 40,442 | 3,450,511 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 619,262 | |
TAL International Group, Inc. | 21,219 | 913,478 | |
Textainer Group Holdings Ltd. | 14,461 | 584,803 | |
Titan Machinery, Inc. (a)(d) | 17,235 | 486,889 | |
United Rentals, Inc. (a)(d) | 86,038 | 4,595,290 | |
W.W. Grainger, Inc. | 55,080 | 12,473,417 | |
Watsco, Inc. | 25,351 | 1,974,082 | |
WESCO International, Inc. (a)(d) | 40,702 | 3,007,878 | |
Willis Lease Finance Corp. (a)(d) | 2,006 | 30,110 | |
| 52,817,782 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 18,229 | $ 247,914 | |
TOTAL INDUSTRIALS | 1,760,126,554 | ||
INFORMATION TECHNOLOGY - 17.4% | |||
Communications Equipment - 1.8% | |||
Acme Packet, Inc. (a) | 51,006 | 1,488,355 | |
ADTRAN, Inc. (d) | 58,980 | 1,317,613 | |
Alliance Fiber Optic Products, Inc. | 9,573 | 106,069 | |
Ambient Corp. (a)(d) | 1,932 | 5,216 | |
Anaren, Inc. (a) | 42,259 | 817,712 | |
Arris Group, Inc. (a) | 97,821 | 1,697,194 | |
Aruba Networks, Inc. (a)(d) | 102,880 | 2,563,770 | |
Aviat Networks, Inc. (a) | 66,605 | 237,114 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 117,153 | |
Black Box Corp. | 16,753 | 406,428 | |
Blonder Tongue Laboratories, Inc. (a)(d) | 3,352 | 4,257 | |
Brocade Communications Systems, Inc. (a) | 398,862 | 2,237,616 | |
CalAmp Corp. (a)(d) | 16,135 | 176,678 | |
Calix Networks, Inc. (a) | 25,252 | 216,410 | |
Ciena Corp. (a)(d) | 93,662 | 1,427,409 | |
Cisco Systems, Inc. | 4,969,682 | 103,617,870 | |
Clearfield, Inc. (a) | 2,407 | 13,311 | |
Communications Systems, Inc. | 4,311 | 46,128 | |
Comtech Telecommunications Corp. | 22,438 | 600,890 | |
Digi International, Inc. (a) | 21,456 | 211,556 | |
EchoStar Holding Corp. Class A (a) | 37,522 | 1,419,832 | |
EMCORE Corp. (a)(d) | 19,513 | 113,761 | |
Emulex Corp. (a) | 66,808 | 430,912 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a)(d) | 100,558 | 351,953 | |
F5 Networks, Inc. (a) | 73,095 | 6,902,361 | |
Finisar Corp. (a)(d) | 89,294 | 1,308,157 | |
Globecomm Systems, Inc. (a) | 11,676 | 141,747 | |
Harmonic, Inc. (a) | 75,490 | 429,538 | |
Harris Corp. | 108,567 | 5,218,816 | |
Infinera Corp. (a)(d) | 140,398 | 911,183 | |
InterDigital, Inc. | 37,438 | 1,662,247 | |
Ixia (a)(d) | 51,889 | 1,052,309 | |
JDS Uniphase Corp. (a) | 221,471 | 3,136,029 | |
Juniper Networks, Inc. (a) | 485,897 | 10,048,350 | |
KVH Industries, Inc. (a) | 23,641 | 314,898 | |
Lantronix, Inc. (a) | 71 | 140 | |
Loral Space & Communications Ltd. | 10,995 | 640,349 | |
Meru Networks, Inc. (a)(d) | 20,865 | 93,267 | |
Motorola Solutions, Inc. | 260,084 | 16,179,826 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,090,690 | |
NumereX Corp. Class A (a) | 2,670 | 32,814 | |
Oclaro, Inc. (a)(d) | 64,648 | 85,982 | |
Oplink Communications, Inc. (a) | 15,273 | 234,593 | |
| |||
Shares | Value | ||
Optical Cable Corp. | 564 | $ 2,279 | |
Palo Alto Networks, Inc. (d) | 31,394 | 1,919,115 | |
Parkervision, Inc. (a)(d) | 73,296 | 292,451 | |
PC-Tel, Inc. | 2,259 | 15,632 | |
Performance Technologies, Inc. (a) | 2,977 | 2,772 | |
Plantronics, Inc. | 39,954 | 1,612,543 | |
Polycom, Inc. (a) | 189,613 | 1,727,374 | |
Procera Networks, Inc. (a)(d) | 21,122 | 247,127 | |
QUALCOMM, Inc. | 1,595,884 | 104,737,867 | |
Relm Wireless Corp. (a) | 9,436 | 20,476 | |
Riverbed Technology, Inc. (a)(d) | 148,314 | 2,266,238 | |
Ruckus Wireless, Inc. (d) | 11,332 | 242,052 | |
ShoreTel, Inc. (a)(d) | 22,164 | 89,986 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 548,371 | |
Symmetricom, Inc. (a) | 21,713 | 107,262 | |
Tellabs, Inc. (d) | 301,356 | 611,753 | |
Telular Corp. | 1,806 | 17,988 | |
Tessco Technologies, Inc. (d) | 3,361 | 76,530 | |
Ubiquiti Networks, Inc. (d) | 9,640 | 132,743 | |
ViaSat, Inc. (a)(d) | 35,696 | 1,676,284 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 38,173 | |
Zhone Technologies, Inc. (a) | 5,862 | 5,217 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 22,562 | |
| 285,521,298 | ||
Computers & Peripherals - 3.5% | |||
3D Systems Corp. (a)(d) | 68,215 | 2,521,226 | |
Apple, Inc. | 881,441 | 389,068,007 | |
Astro-Med, Inc. | 4,606 | 45,461 | |
Avid Technology, Inc. (a)(d) | 34,710 | 240,540 | |
Concurrent Computer Corp. | 987 | 6,899 | |
Cray, Inc. (a) | 32,010 | 619,394 | |
Crossroads Systems, Inc. (a) | 9,071 | 14,514 | |
Datalink Corp. (a) | 9,248 | 95,994 | |
Dataram Corp. (a) | 3,336 | 1,134 | |
Dell, Inc. | 1,357,390 | 18,935,591 | |
Diebold, Inc. | 54,057 | 1,526,570 | |
Dot Hill Systems Corp. (a) | 109,713 | 142,627 | |
Electronics for Imaging, Inc. (a) | 55,580 | 1,281,675 | |
EMC Corp. (a) | 1,969,648 | 45,321,600 | |
Fusion-io, Inc. (a)(d) | 66,698 | 1,125,862 | |
Hauppauge Digital, Inc. (a) | 430 | 357 | |
Hewlett-Packard Co. | 1,843,592 | 37,129,943 | |
Hutchinson Technology, Inc. (a)(d) | 34,936 | 98,869 | |
iGO, Inc. (a) | 5,684 | 17,905 | |
Imation Corp. (a) | 19,750 | 67,348 | |
Immersion Corp. (a)(d) | 59,681 | 399,266 | |
Intermec, Inc. (a) | 37,733 | 373,557 | |
Interphase Corp. (a) | 10,718 | 23,472 | |
Intevac, Inc. (a) | 17,689 | 84,553 | |
Lexmark International, Inc. Class A | 60,869 | 1,340,335 | |
NCR Corp. (a) | 140,900 | 3,886,022 | |
NetApp, Inc. (a) | 339,363 | 11,480,650 | |
Novatel Wireless, Inc. (a) | 27,517 | 59,712 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
OCZ Technology Group, Inc. (a)(d) | 56,538 | $ 97,811 | |
Overland Storage, Inc. (a)(d) | 5,087 | 5,697 | |
QLogic Corp. (a) | 79,628 | 906,167 | |
Quantum Corp. (a)(d) | 189,992 | 239,390 | |
Rimage Corp. | 6,017 | 41,036 | |
SanDisk Corp. (a) | 222,462 | 11,209,860 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology (d) | 328,410 | 10,561,666 | |
Silicon Graphics International Corp. (a)(d) | 32,579 | 490,314 | |
STEC, Inc. (a)(d) | 29,627 | 142,802 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 313,642 | |
Synaptics, Inc. (a)(d) | 36,621 | 1,272,946 | |
Transact Technologies, Inc. | 3,411 | 26,947 | |
USA Technologies, Inc. (a)(d) | 38,549 | 94,445 | |
Video Display Corp. (a) | 2,957 | 11,059 | |
Western Digital Corp. | 205,688 | 9,700,246 | |
Xplore Technologies Corp. (a) | 2,067 | 7,524 | |
| 551,030,635 | ||
Electronic Equipment & Components - 0.7% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 1,863 | |
Aeroflex Holding Corp. (a) | 11,165 | 103,276 | |
Agilysys, Inc. (a) | 38,149 | 351,352 | |
Amphenol Corp. Class A | 146,122 | 10,354,205 | |
Anixter International, Inc. (d) | 21,905 | 1,509,693 | |
Arrow Electronics, Inc. (a) | 128,186 | 5,146,668 | |
Audience, Inc. (d) | 4,453 | 60,739 | |
Avnet, Inc. (a) | 130,776 | 4,617,701 | |
AVX Corp. | 48,749 | 574,263 | |
Badger Meter, Inc. | 35,716 | 1,812,944 | |
Benchmark Electronics, Inc. (a) | 50,023 | 871,401 | |
Checkpoint Systems, Inc. (a) | 27,013 | 320,374 | |
ClearSign Combustion Corp. (a) | 2,567 | 13,066 | |
Cognex Corp. (d) | 54,520 | 2,245,679 | |
Coherent, Inc. | 20,405 | 1,178,593 | |
Corning, Inc. | 1,372,498 | 17,307,200 | |
CTS Corp. | 18,339 | 179,722 | |
Daktronics, Inc. | 32,196 | 328,721 | |
Document Security Systems, Inc. (a)(d) | 10,726 | 24,134 | |
Dolby Laboratories, Inc. Class A (d) | 41,734 | 1,330,480 | |
DTS, Inc. (a)(d) | 19,732 | 392,667 | |
Echelon Corp. (a) | 32,190 | 84,660 | |
Electro Rent Corp. | 12,184 | 197,137 | |
Electro Scientific Industries, Inc. | 21,640 | 238,256 | |
eMagin Corp. | 5,084 | 16,167 | |
Fabrinet (a) | 16,812 | 275,885 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 789,743 | |
FEI Co. (d) | 32,449 | 2,055,320 | |
FLIR Systems, Inc. | 144,524 | 3,806,762 | |
Frequency Electronics, Inc. | 430 | 4,382 | |
Giga-Tronics, Inc. (a) | 2,579 | 4,204 | |
| |||
Shares | Value | ||
I. D. Systems Inc. (a) | 6,071 | $ 38,308 | |
Identive Group, Inc. (a) | 106,182 | 153,964 | |
IEC Electronics Corp. (a) | 86 | 526 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,749,562 | |
Insight Enterprises, Inc. (a) | 39,665 | 762,361 | |
Intelli-Check, Inc. (a) | 4,366 | 3,493 | |
InvenSense, Inc. (a) | 25,131 | 302,075 | |
IPG Photonics Corp. (d) | 26,878 | 1,593,597 | |
Iteris, Inc. (a) | 1,032 | 1,806 | |
Itron, Inc. (a)(d) | 38,500 | 1,619,695 | |
Jabil Circuit, Inc. | 179,742 | 3,366,568 | |
KEMET Corp. (a) | 26,217 | 169,624 | |
KEY Tronic Corp. (a)(d) | 4,226 | 44,922 | |
LightPath Technologies, Inc. Class A (a) | 376 | 305 | |
Littelfuse, Inc. | 21,280 | 1,408,098 | |
LoJack Corp. (a) | 24,621 | 73,863 | |
LRAD Corp. (a) | 56,581 | 65,634 | |
Maxwell Technologies, Inc. (a)(d) | 18,344 | 160,510 | |
Measurement Specialties, Inc. (a) | 15,282 | 555,042 | |
Mercury Systems, Inc. (a)(d) | 23,393 | 160,242 | |
Mesa Laboratories, Inc. | 2,184 | 115,883 | |
Methode Electronics, Inc. Class A | 27,713 | 363,317 | |
MicroVision, Inc. (a)(d) | 33,140 | 56,669 | |
MOCON, Inc. | 2,209 | 31,743 | |
Molex, Inc. | 125,980 | 3,490,906 | |
MTS Systems Corp. | 16,730 | 903,420 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 156,467 | |
National Instruments Corp. (d) | 93,144 | 2,801,772 | |
Neonode, Inc. (a) | 20,693 | 110,294 | |
NetList, Inc. (a)(d) | 104,599 | 81,587 | |
Newport Corp. (a) | 32,467 | 530,835 | |
OSI Systems, Inc. (a) | 17,430 | 1,004,491 | |
Parametric Sound Corp. (a)(d) | 1,985 | 23,403 | |
Park Electrochemical Corp. | 16,314 | 412,744 | |
PC Connection, Inc. | 6,039 | 86,599 | |
PC Mall, Inc. (a) | 4,077 | 28,947 | |
Planar Systems, Inc. (a) | 2,277 | 4,395 | |
Plexus Corp. (a) | 33,577 | 817,936 | |
Power-One, Inc. (a)(d) | 91,675 | 390,536 | |
Pulse Electronics Corp. (a) | 50,135 | 19,452 | |
RadiSys Corp. (a) | 9,220 | 38,632 | |
RealD, Inc. (a)(d) | 37,860 | 440,690 | |
Research Frontiers, Inc. (a)(d) | 16,855 | 55,284 | |
Richardson Electronics Ltd. | 23,707 | 283,536 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 591,714 | |
Rogers Corp. (a) | 16,870 | 804,868 | |
Sanmina Corp. (a) | 72,340 | 740,762 | |
ScanSource, Inc. (a) | 19,738 | 592,337 | |
SYNNEX Corp. (a)(d) | 16,578 | 632,119 | |
TE Connectivity Ltd. | 402,703 | 16,160,471 | |
Tech Data Corp. (a) | 34,347 | 1,822,452 | |
Trimble Navigation Ltd. (a) | 118,068 | 7,016,781 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 373,280 | |
Uni-Pixel, Inc. (a)(d) | 8,000 | 188,800 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Universal Display Corp. (a)(d) | 33,587 | $ 1,053,960 | |
Viasystems Group, Inc. (a) | 4,710 | 66,788 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,646,336 | |
Vishay Precision Group, Inc. (a) | 9,596 | 134,824 | |
Wayside Technology Group, Inc. | 1,232 | 15,733 | |
Wireless Telecom Group, Inc. (a) | 11,200 | 14,896 | |
Zygo Corp. (a)(d) | 9,828 | 140,737 | |
| 113,673,848 | ||
Internet Software & Services - 2.3% | |||
Active Network, Inc. (a)(d) | 30,019 | 140,789 | |
Akamai Technologies, Inc. (a) | 164,615 | 6,084,170 | |
Angie's List, Inc. (a)(d) | 39,732 | 677,828 | |
AOL, Inc. (d) | 74,516 | 2,749,640 | |
Autobytel, Inc. (a) | 1,148 | 5,235 | |
Bankrate, Inc. (a) | 33,840 | 380,700 | |
Bazaarvoice, Inc. | 31,078 | 217,546 | |
Blucora, Inc. (a)(d) | 32,776 | 508,028 | |
Brightcove, Inc. (d) | 10,845 | 68,324 | |
BroadVision, Inc. (a) | 490 | 4,003 | |
Carbonite, Inc. (a)(d) | 4,801 | 47,146 | |
comScore, Inc. (a) | 21,331 | 340,016 | |
Constant Contact, Inc. (a)(d) | 30,835 | 435,699 | |
Cornerstone OnDemand, Inc. (a)(d) | 26,137 | 884,999 | |
CoStar Group, Inc. (a)(d) | 26,741 | 2,693,888 | |
Crexendo, Inc. | 6,585 | 17,780 | |
Daegis, Inc. (a) | 3,645 | 4,921 | |
DealerTrack Holdings, Inc. (a)(d) | 34,664 | 1,022,241 | |
Demand Media, Inc. (a)(d) | 42,676 | 345,676 | |
Demandware, Inc. | 6,200 | 163,990 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 341,169 | |
Digital River, Inc. (a) | 26,434 | 376,420 | |
EarthLink, Inc. | 80,611 | 468,350 | |
eBay, Inc. (a) | 1,094,418 | 59,842,776 | |
eGain Communications Corp. (a) | 8,558 | 68,378 | |
Equinix, Inc. (a)(d) | 44,811 | 9,479,767 | |
ExactTarget, Inc. (d) | 29,149 | 650,023 | |
Facebook, Inc. Class A | 511,909 | 13,949,520 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 10,795 | |
GlowPoint, Inc. (a) | 18,770 | 30,032 | |
Google, Inc. Class A (a) | 249,398 | 199,817,678 | |
IAC/InterActiveCorp (d) | 80,150 | 3,266,113 | |
Internap Network Services Corp. (a)(d) | 34,998 | 303,783 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
Inuvo, Inc. (a) | 9,640 | 6,758 | |
iPass, Inc. (a)(d) | 22,438 | 45,100 | |
j2 Global, Inc. | 38,868 | 1,386,810 | |
Keynote Systems, Inc. (d) | 17,976 | 274,673 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 70,132 | |
LinkedIn Corp. (a) | 62,394 | 10,493,423 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 747,500 | |
LivePerson, Inc. (a)(d) | 37,230 | 538,718 | |
| |||
Shares | Value | ||
Local Corp. (a)(d) | 28,399 | $ 47,426 | |
LogMeIn, Inc. (a)(d) | 22,955 | 409,976 | |
Marchex, Inc. Class B | 28,685 | 108,429 | |
Market Leader, Inc. (a) | 7,128 | 53,032 | |
MeetMe, Inc. (a)(d) | 18,724 | 48,121 | |
Millennial Media, Inc. (d) | 10,513 | 98,507 | |
Monster Worldwide, Inc. (a)(d) | 97,552 | 499,466 | |
Move, Inc. (a) | 35,516 | 346,636 | |
NIC, Inc. (d) | 78,994 | 1,399,774 | |
OpenTable, Inc. (a) | 23,366 | 1,299,150 | |
Perficient, Inc. (a) | 18,309 | 212,018 | |
QuinStreet, Inc. (a) | 17,620 | 100,963 | |
Rackspace Hosting, Inc. (a)(d) | 107,654 | 6,013,552 | |
RealNetworks, Inc. (a) | 28,670 | 208,431 | |
Responsys, Inc. (a) | 13,609 | 109,825 | |
Saba Software, Inc. (a) | 20,826 | 182,019 | |
SciQuest, Inc. (a) | 12,793 | 244,986 | |
Selectica, Inc. (a) | 552 | 5,757 | |
Spark Networks, Inc. (a)(d) | 3,502 | 25,284 | |
SPS Commerce, Inc. (a)(d) | 11,840 | 442,698 | |
Stamps.com, Inc. (a)(d) | 12,471 | 304,168 | |
Support.com, Inc. (a)(d) | 117,655 | 458,855 | |
Synacor, Inc. (d) | 8,243 | 27,119 | |
TechTarget, Inc. (a) | 1,217 | 5,915 | |
TheStreet.com, Inc. | 3,696 | 6,838 | |
Travelzoo, Inc. (a) | 5,383 | 113,420 | |
Trulia, Inc. (d) | 5,966 | 142,229 | |
United Online, Inc. | 71,982 | 424,694 | |
Unwired Planet, Inc. (a) | 76,683 | 154,133 | |
ValueClick, Inc. (a)(d) | 62,448 | 1,665,488 | |
VeriSign, Inc. (a)(d) | 144,977 | 6,639,947 | |
Vocus, Inc. (a)(d) | 23,379 | 328,241 | |
Web.com Group, Inc. (a)(d) | 25,389 | 433,644 | |
WebMD Health Corp. (a) | 42,908 | 948,267 | |
WebMediaBrands, Inc. (a) | 147 | 238 | |
XO Group, Inc. (a)(d) | 29,832 | 272,963 | |
Yahoo!, Inc. (a) | 1,002,327 | 21,359,588 | |
Yelp, Inc. (d) | 13,280 | 294,683 | |
Zix Corp. (a)(d) | 43,773 | 164,586 | |
| 364,775,976 | ||
IT Services - 3.4% | |||
Accenture PLC Class A | 602,434 | 44,796,992 | |
Acxiom Corp. (a) | 66,136 | 1,204,337 | |
Alliance Data Systems Corp. (a)(d) | 50,917 | 8,080,019 | |
Analysts International Corp. (a) | 1,000 | 3,670 | |
Automatic Data Processing, Inc. | 461,625 | 28,325,310 | |
Booz Allen Hamilton Holding Corp. Class A (d) | 29,672 | 379,802 | |
Broadridge Financial Solutions, Inc. | 107,819 | 2,474,446 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,038,447 | |
Cardtronics, Inc. (a) | 44,777 | 1,180,322 | |
Cass Information Systems, Inc. | 3,955 | 169,076 | |
Ciber, Inc. (a)(d) | 53,912 | 239,908 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Cognizant Technology Solutions Corp. Class A (a) | 279,212 | $ 21,435,105 | |
Computer Sciences Corp. | 143,307 | 6,883,035 | |
Computer Task Group, Inc. | 4,854 | 96,595 | |
Convergys Corp. (d) | 123,097 | 2,042,179 | |
CoreLogic, Inc. (a) | 88,040 | 2,281,116 | |
CSG Systems International, Inc. (a)(d) | 47,456 | 921,121 | |
CSP, Inc. | 3,696 | 25,133 | |
DST Systems, Inc. | 31,684 | 2,151,977 | |
Dynamics Research Corp. (a) | 2,443 | 14,438 | |
Edgewater Technology, Inc. (a) | 2,875 | 11,241 | |
EPAM Systems, Inc. (d) | 11,994 | 251,634 | |
Euronet Worldwide, Inc. (a)(d) | 47,939 | 1,157,247 | |
ExlService Holdings, Inc. (a)(d) | 20,701 | 626,619 | |
Fidelity National Information Services, Inc. | 242,609 | 9,134,229 | |
Fiserv, Inc. (a) | 126,468 | 10,384,287 | |
FleetCor Technologies, Inc. (a) | 39,405 | 2,750,863 | |
Forrester Research, Inc. | 10,441 | 286,710 | |
Gartner, Inc. Class A (a)(d) | 93,477 | 4,651,416 | |
Genpact Ltd. | 119,462 | 2,103,726 | |
Global Cash Access Holdings, Inc. (a) | 58,402 | 414,654 | |
Global Payments, Inc. | 75,409 | 3,635,468 | |
Hackett Group, Inc. | 12,619 | 58,426 | |
Heartland Payment Systems, Inc. | 30,852 | 959,497 | |
Higher One Holdings, Inc. (a)(d) | 26,817 | 239,744 | |
IBM Corp. | 995,045 | 199,834,887 | |
iGate Corp. (a)(d) | 19,383 | 370,409 | |
Information Services Group, Inc. (a) | 18,000 | 24,120 | |
Innodata, Inc. (a) | 14,010 | 48,895 | |
Jack Henry & Associates, Inc. | 77,862 | 3,404,127 | |
Lender Processing Services, Inc. | 87,526 | 2,149,639 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 132,497 | |
ManTech International Corp. Class A | 23,021 | 571,151 | |
MasterCard, Inc. Class A | 99,527 | 51,537,071 | |
Mattersight Corp. (a) | 4,307 | 19,640 | |
Maximus, Inc. | 30,123 | 2,192,352 | |
ModusLink Global Solutions, Inc. (a) | 31,030 | 89,366 | |
MoneyGram International, Inc. (a)(d) | 66,937 | 1,085,049 | |
NCI, Inc. Class A (a) | 12,261 | 61,673 | |
NeuStar, Inc. Class A (a)(d) | 66,766 | 2,927,689 | |
Online Resources Corp. (a) | 26,280 | 100,652 | |
Paychex, Inc. (d) | 286,984 | 9,499,170 | |
PFSweb, Inc. (a) | 1,815 | 6,262 | |
PRG-Schultz International, Inc. (a) | 5,640 | 36,660 | |
SAIC, Inc. (d) | 273,792 | 3,236,221 | |
Sapient Corp. (a) | 97,843 | 1,097,798 | |
ServiceSource International, Inc. (a) | 30,455 | 192,476 | |
StarTek, Inc. (a) | 2,150 | 10,793 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Sykes Enterprises, Inc. (a) | 30,728 | 456,618 | |
| |||
Shares | Value | ||
Syntel, Inc. | 16,557 | $ 996,069 | |
Teletech Holdings, Inc. (a) | 19,293 | 360,972 | |
Teradata Corp. (a) | 158,752 | 9,217,141 | |
The Management Network Group, Inc. (a) | 206 | 719 | |
The Western Union Co. | 556,142 | 7,802,672 | |
Total System Services, Inc. | 171,609 | 4,077,430 | |
Unisys Corp. (a)(d) | 35,389 | 813,239 | |
Vantiv, Inc. (d) | 35,941 | 782,076 | |
VeriFone Systems, Inc. (a) | 99,369 | 1,885,030 | |
Virtusa Corp. (a) | 14,018 | 293,677 | |
Visa, Inc. Class A | 486,399 | 77,162,337 | |
WEX, Inc. (a) | 33,822 | 2,536,988 | |
| 545,422,354 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | 9,788,851 | |
Zebra Technologies Corp. Class A (a) | 46,287 | 2,069,955 | |
| 11,858,806 | ||
Semiconductors & Semiconductor Equipment - 2.1% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 560,701 | |
Advanced Micro Devices, Inc. (a)(d) | 535,938 | 1,334,486 | |
AEHR Test Systems (a) | 3,126 | 2,813 | |
Aetrium, Inc. (a) | 2,064 | 1,548 | |
Altera Corp. | 296,178 | 10,490,625 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 465,616 | |
Amtech Systems, Inc. (a) | 12,381 | 49,400 | |
ANADIGICS, Inc. (a)(d) | 74,954 | 158,153 | |
Analog Devices, Inc. | 279,008 | 12,616,742 | |
Applied Materials, Inc. | 1,097,065 | 15,029,791 | |
Applied Micro Circuits Corp. (a)(d) | 98,689 | 784,578 | |
Atmel Corp. (a) | 430,659 | 2,928,481 | |
ATMI, Inc. (a) | 23,384 | 512,110 | |
Axcelis Technologies, Inc. (a) | 87,264 | 99,481 | |
AXT, Inc. (a) | 31,515 | 89,818 | |
Broadcom Corp. Class A | 472,870 | 16,129,596 | |
Brooks Automation, Inc. | 46,495 | 470,064 | |
BTU International, Inc. (a) | 4,067 | 11,835 | |
Cabot Microelectronics Corp. (d) | 30,653 | 1,047,413 | |
Cavium, Inc. (a)(d) | 42,834 | 1,581,431 | |
Ceva, Inc. (a) | 14,448 | 218,598 | |
Cirrus Logic, Inc. (a)(d) | 62,020 | 1,490,961 | |
Cohu, Inc. | 18,095 | 182,036 | |
Cree, Inc. (a)(d) | 109,699 | 4,961,686 | |
CVD Equipment Corp. (a)(d) | 24,298 | 247,840 | |
Cymer, Inc. (a) | 29,062 | 2,873,651 | |
Cypress Semiconductor Corp. (d) | 200,786 | 2,114,277 | |
Diodes, Inc. (a)(d) | 26,894 | 535,997 | |
DSP Group, Inc. (a) | 34,788 | 251,865 | |
Entegris, Inc. (a) | 143,226 | 1,362,079 | |
Entropic Communications, Inc. (a)(d) | 130,146 | 573,944 | |
Exar Corp. (a) | 27,190 | 319,483 | |
Fairchild Semiconductor International, Inc. (a) | 100,014 | 1,426,200 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
First Solar, Inc. (a)(d) | 62,639 | $ 1,619,218 | |
FormFactor, Inc. (a) | 44,109 | 221,427 | |
GigOptix, Inc. (a) | 17,428 | 19,171 | |
GSI Technology, Inc. (a) | 4,316 | 27,709 | |
GT Advanced Technologies, Inc. (a)(d) | 93,200 | 266,552 | |
Hittite Microwave Corp. (a)(d) | 24,952 | 1,617,389 | |
Ikanos Communications, Inc. (a) | 35,040 | 60,970 | |
Inphi Corp. (a)(d) | 18,384 | 177,589 | |
Integrated Device Technology, Inc. (a) | 100,471 | 683,203 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 230,223 | |
Intel Corp. | 4,659,552 | 97,151,659 | |
International Rectifier Corp. (a)(d) | 61,935 | 1,301,874 | |
Intersil Corp. Class A | 109,308 | 928,025 | |
Intest Corp. | 2,175 | 7,352 | |
IXYS Corp. | 38,644 | 385,281 | |
KLA-Tencor Corp. | 158,007 | 8,652,463 | |
Kopin Corp. (a) | 42,598 | 137,166 | |
Kulicke & Soffa Industries, Inc. (a) | 82,587 | 893,591 | |
Lam Research Corp. (a) | 168,446 | 7,125,266 | |
Lattice Semiconductor Corp. (a) | 136,230 | 637,556 | |
Linear Technology Corp. (d) | 206,542 | 7,898,166 | |
LSI Corp. (a) | 527,450 | 3,671,052 | |
LTX-Credence Corp. (a) | 48,731 | 282,640 | |
M/A-COM Technology Solutions, Inc. (d) | 10,000 | 162,000 | |
Marvell Technology Group Ltd. | 465,712 | 4,703,691 | |
Mattson Technology, Inc. (a) | 39,367 | 48,421 | |
Maxim Integrated Products, Inc. (d) | 279,986 | 8,729,963 | |
MaxLinear, Inc. Class A (a) | 15,441 | 90,793 | |
MEMC Electronic Materials, Inc. (a)(d) | 197,213 | 976,204 | |
Micrel, Inc. (d) | 33,398 | 351,347 | |
Microchip Technology, Inc. | 181,262 | 6,610,625 | |
Micron Technology, Inc. (a)(d) | 956,682 | 8,026,562 | |
Microsemi Corp. (a) | 78,145 | 1,612,131 | |
Mindspeed Technologies, Inc. (a)(d) | 20,470 | 91,092 | |
MKS Instruments, Inc. | 47,592 | 1,291,647 | |
Monolithic Power Systems, Inc. (d) | 35,284 | 867,634 | |
MoSys, Inc. (a)(d) | 9,566 | 33,194 | |
Nanometrics, Inc. (a) | 28,664 | 422,794 | |
NeoPhotonics Corp. (a) | 11,524 | 57,850 | |
NVE Corp. (a)(d) | 6,043 | 320,037 | |
NVIDIA Corp. | 580,786 | 7,352,751 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 684,112 | |
ON Semiconductor Corp. (a) | 400,227 | 3,201,816 | |
PDF Solutions, Inc. (a) | 17,331 | 269,324 | |
Peregrine Semiconductor Corp. (d) | 5,341 | 53,357 | |
Pericom Semiconductor Corp. (a) | 17,514 | 122,948 | |
Photronics, Inc. (a)(d) | 74,723 | 496,161 | |
Pixelworks, Inc. (a) | 11,868 | 28,721 | |
PLX Technology, Inc. (a) | 29,807 | 141,583 | |
PMC-Sierra, Inc. (a)(d) | 199,312 | 1,293,535 | |
Power Integrations, Inc. | 28,590 | 1,195,348 | |
| |||
Shares | Value | ||
QuickLogic Corp. (a)(d) | 38,003 | $ 82,086 | |
Rambus, Inc. (a) | 81,201 | 457,974 | |
RF Micro Devices, Inc. (a)(d) | 236,125 | 1,088,536 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 94,278 | |
Rudolph Technologies, Inc. (a)(d) | 29,614 | 326,346 | |
Semtech Corp. (a)(d) | 60,032 | 1,835,178 | |
Sigma Designs, Inc. (a)(d) | 22,818 | 106,104 | |
Silicon Image, Inc. (a) | 84,424 | 389,195 | |
Silicon Laboratories, Inc. (a)(d) | 36,210 | 1,503,439 | |
Skyworks Solutions, Inc. (a) | 195,201 | 4,157,781 | |
Spansion, Inc. Class A | 38,055 | 447,527 | |
STR Holdings, Inc. (a)(d) | 37,233 | 74,466 | |
SunPower Corp. (a)(d) | 29,517 | 346,530 | |
Supertex, Inc. | 19,548 | 441,589 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,992,062 | |
Tessera Technologies, Inc. | 44,982 | 802,479 | |
Texas Instruments, Inc. | 1,045,185 | 35,923,008 | |
TranSwitch Corp. (a) | 16,133 | 13,389 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 651,505 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 76,081 | |
Ultratech, Inc. (a) | 31,408 | 1,287,100 | |
Veeco Instruments, Inc. (a) | 36,173 | 1,154,280 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 19,822 | |
Volterra Semiconductor Corp. (a) | 28,138 | 431,918 | |
Xilinx, Inc. | 242,074 | 9,022,098 | |
| 327,879,253 | ||
Software - 3.5% | |||
Accelrys, Inc. (a) | 40,003 | 378,428 | |
ACI Worldwide, Inc. (a)(d) | 37,489 | 1,717,371 | |
Activision Blizzard, Inc. | 390,312 | 5,581,462 | |
Actuate Corp. (a) | 42,170 | 253,442 | |
Adobe Systems, Inc. (a) | 463,352 | 18,209,734 | |
Advent Software, Inc. (a)(d) | 32,795 | 859,229 | |
American Software, Inc. Class A | 10,878 | 88,764 | |
ANSYS, Inc. (a)(d) | 86,793 | 6,578,909 | |
Aspen Technology, Inc. (a) | 97,387 | 2,995,624 | |
Autodesk, Inc. (a) | 213,057 | 7,823,453 | |
Blackbaud, Inc. | 40,206 | 1,117,727 | |
BMC Software, Inc. (a) | 135,415 | 5,426,079 | |
Bottomline Technologies, Inc. (a)(d) | 34,478 | 935,388 | |
BroadSoft, Inc. (a) | 23,438 | 492,198 | |
BSQUARE Corp. (a) | 11,182 | 32,987 | |
CA Technologies, Inc. | 349,083 | 8,549,043 | |
Cadence Design Systems, Inc. (a)(d) | 280,788 | 3,975,958 | |
Callidus Software, Inc. (a)(d) | 16,907 | 73,545 | |
Citrix Systems, Inc. (a) | 175,074 | 12,412,747 | |
CommVault Systems, Inc. (a)(d) | 39,408 | 2,914,222 | |
Compuware Corp. (a) | 189,084 | 2,195,265 | |
Comverse, Inc. | 14,883 | 409,580 | |
Concur Technologies, Inc. (a)(d) | 46,147 | 3,239,519 | |
Datawatch Corp. (a) | 1,950 | 21,216 | |
Digimarc Corp. | 3,041 | 67,906 | |
Ebix, Inc. (d) | 31,393 | 503,230 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Electronic Arts, Inc. (a) | 280,403 | $ 4,915,465 | |
Ellie Mae, Inc. (a) | 15,823 | 321,207 | |
Envivio, Inc. | 6,801 | 11,562 | |
EPIQ Systems, Inc. | 38,746 | 482,000 | |
ePlus, Inc. | 1,206 | 55,428 | |
Evolving Systems, Inc. | 4,973 | 33,319 | |
FactSet Research Systems, Inc. (d) | 36,068 | 3,509,056 | |
Fair Isaac Corp. | 37,437 | 1,659,957 | |
FalconStor Software, Inc. (a) | 21,866 | 58,820 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 124,790 | 3,017,422 | |
Glu Mobile, Inc. (a)(d) | 98,358 | 223,273 | |
GSE Systems, Inc. (a) | 388 | 877 | |
Guidance Software, Inc. (a) | 3,531 | 34,639 | |
Guidewire Software, Inc. (a)(d) | 25,608 | 935,972 | |
Imperva, Inc. (a)(d) | 12,476 | 455,374 | |
Infoblox, Inc. (d) | 40,167 | 847,122 | |
Informatica Corp. (a) | 99,837 | 3,495,293 | |
Interactive Intelligence Group, Inc. (a) | 16,038 | 667,341 | |
Intuit, Inc. | 259,759 | 16,749,260 | |
Jive Software, Inc. (a)(d) | 30,754 | 509,901 | |
Majesco Entertainment Co. (a) | 19,952 | 10,664 | |
Manhattan Associates, Inc. (a)(d) | 20,570 | 1,437,020 | |
Marlborough Software Development Holdings, Inc. | 5,202 | 780 | |
Mentor Graphics Corp. (d) | 80,500 | 1,425,655 | |
MICROS Systems, Inc. (a)(d) | 71,058 | 3,041,282 | |
Microsoft Corp. | 7,095,764 | 197,262,239 | |
MicroStrategy, Inc. Class A (a) | 7,880 | 802,814 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 68,353 | |
Monotype Imaging Holdings, Inc. | 25,665 | 538,965 | |
Motricity, Inc. (a)(d) | 42,402 | 16,957 | |
NetScout Systems, Inc. (a) | 29,548 | 751,406 | |
NetSol Technologies, Inc. (a)(d) | 10,165 | 117,711 | |
NetSuite, Inc. (a)(d) | 30,845 | 2,152,673 | |
Nuance Communications, Inc. (a)(d) | 239,170 | 4,403,120 | |
Oracle Corp. | 3,523,355 | 120,710,142 | |
Parametric Technology Corp. (a) | 117,269 | 2,713,605 | |
Peerless Systems Corp. (a) | 172 | 550 | |
Pegasystems, Inc. | 16,328 | 447,224 | |
Pervasive Software, Inc. (a) | 4,203 | 38,457 | |
Progress Software Corp. (a) | 56,172 | 1,264,993 | |
Proofpoint, Inc. (d) | 6,483 | 90,632 | |
PROS Holdings, Inc. (a) | 12,895 | 336,044 | |
QAD, Inc. Class B | 4,298 | 51,705 | |
QLIK Technologies, Inc. (a) | 69,650 | 1,810,900 | |
Qualys, Inc. (d) | 7,387 | 87,610 | |
RealPage, Inc. (a)(d) | 33,089 | 716,708 | |
Red Hat, Inc. (a) | 178,129 | 9,050,734 | |
Rosetta Stone, Inc. (a) | 8,315 | 96,288 | |
Rovi Corp. (a) | 95,372 | 1,696,668 | |
| |||
Shares | Value | ||
salesforce.com, Inc. (a)(d) | 121,229 | $ 20,514,371 | |
SeaChange International, Inc. (a) | 17,668 | 203,535 | |
ServiceNow, Inc. (d) | 10,394 | 337,493 | |
Smith Micro Software, Inc. (a)(d) | 41,455 | 60,524 | |
SolarWinds, Inc. (a) | 59,019 | 3,332,213 | |
Solera Holdings, Inc. | 62,084 | 3,495,329 | |
Sonic Foundry, Inc. (a) | 155 | 1,070 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,426,558 | |
Splunk, Inc. | 20,016 | 723,178 | |
SS&C Technologies Holdings, Inc. (a) | 35,267 | 892,608 | |
Symantec Corp. (a) | 635,627 | 14,899,097 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 887,571 | |
Synopsys, Inc. (a) | 144,793 | 5,072,099 | |
Take-Two Interactive Software, Inc. (a)(d) | 76,173 | 1,115,173 | |
Tangoe, Inc. (a)(d) | 45,871 | 627,057 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 114,061 | |
TeleNav, Inc. (a) | 12,035 | 85,569 | |
TIBCO Software, Inc. (a) | 141,645 | 3,038,285 | |
TiVo, Inc. (a)(d) | 121,206 | 1,501,742 | |
Tyler Technologies, Inc. (a) | 30,080 | 1,696,512 | |
Ultimate Software Group, Inc. (a)(d) | 28,130 | 2,764,335 | |
Vasco Data Security International, Inc. (a) | 30,246 | 250,134 | |
Verint Systems, Inc. (a) | 42,645 | 1,457,180 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 1,486,565 | |
VMware, Inc. Class A (a)(d) | 80,645 | 5,792,730 | |
Vringo, Inc. (a)(d) | 39,609 | 120,411 | |
Wave Systems Corp. Class A (a)(d) | 62,248 | 54,778 | |
Websense, Inc. (a) | 31,243 | 468,333 | |
Workday, Inc. | 22,066 | 1,220,029 | |
Zynga, Inc. (a)(d) | 461,286 | 1,563,760 | |
| 551,180,513 | ||
TOTAL INFORMATION TECHNOLOGY | 2,751,342,683 | ||
MATERIALS - 3.8% | |||
Chemicals - 2.5% | |||
A. Schulman, Inc. | 30,292 | 949,654 | |
ADA-ES, Inc. (a)(d) | 14,209 | 377,533 | |
Air Products & Chemicals, Inc. | 196,426 | 16,959,421 | |
Airgas, Inc. | 67,095 | 6,728,287 | |
Albemarle Corp. | 82,305 | 5,356,409 | |
American Pacific Corp. (a) | 2,556 | 47,286 | |
American Vanguard Corp. | 23,997 | 744,627 | |
Arabian American Development Co. (a)(d) | 28,770 | 211,747 | |
Ashland, Inc. | 69,720 | 5,436,068 | |
Axiall Corp. | 65,100 | 3,683,358 | |
Balchem Corp. | 26,952 | 1,086,974 | |
Cabot Corp. | 56,337 | 2,072,075 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,418,181 | |
Celanese Corp. Class A (d) | 148,644 | 6,963,971 | |
CF Industries Holdings, Inc. | 60,942 | 12,238,982 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Chase Corp. | 3,188 | $ 60,062 | |
Chemtura Corp. (a) | 94,872 | 1,908,825 | |
Clean Diesel Technologies, Inc. (a)(d) | 42,378 | 101,283 | |
Core Molding Technologies, Inc. (a) | 5,919 | 41,137 | |
Cytec Industries, Inc. | 39,374 | 2,850,284 | |
E.I. du Pont de Nemours & Co. | 867,966 | 41,575,571 | |
Eastman Chemical Co. | 140,187 | 9,775,240 | |
Ecolab, Inc. | 245,228 | 18,772,203 | |
Ferro Corp. (a)(d) | 75,739 | 388,541 | |
Flotek Industries, Inc. (a)(d) | 68,404 | 960,392 | |
FMC Corp. | 127,997 | 7,713,099 | |
FutureFuel Corp. | 9,540 | 125,069 | |
GSE Holding, Inc. | 3,278 | 23,569 | |
H.B. Fuller Co. | 40,504 | 1,655,398 | |
Hawkins, Inc. (d) | 5,329 | 210,176 | |
Huntsman Corp. | 166,677 | 2,871,845 | |
Innophos Holdings, Inc. | 21,107 | 1,030,655 | |
International Flavors & Fragrances, Inc. | 78,743 | 5,746,664 | |
Intrepid Potash, Inc. (d) | 47,540 | 937,013 | |
KMG Chemicals, Inc. | 10,303 | 203,587 | |
Koppers Holdings, Inc. | 22,254 | 923,096 | |
Kraton Performance Polymers, Inc. (a) | 27,382 | 658,263 | |
Kronos Worldwide, Inc. (d) | 25,586 | 437,776 | |
Landec Corp. (a) | 25,874 | 284,873 | |
LSB Industries, Inc. (a) | 18,952 | 734,390 | |
LyondellBasell Industries NV Class A | 353,245 | 20,707,222 | |
Material Sciences Corp. (a)(d) | 4,565 | 46,335 | |
Minerals Technologies, Inc. | 52,154 | 2,098,677 | |
Monsanto Co. | 498,229 | 50,336,076 | |
NewMarket Corp. (d) | 10,242 | 2,577,604 | |
Olin Corp. (d) | 59,328 | 1,374,036 | |
OM Group, Inc. (a)(d) | 25,674 | 630,040 | |
OMNOVA Solutions, Inc. (a) | 35,057 | 280,807 | |
Penford Corp. (a) | 6,469 | 65,660 | |
PolyOne Corp. | 78,276 | 1,783,910 | |
PPG Industries, Inc. | 140,149 | 18,872,464 | |
Praxair, Inc. | 278,925 | 31,532,471 | |
Quaker Chemical Corp. | 14,473 | 830,895 | |
Rockwood Holdings, Inc. | 70,868 | 4,436,337 | |
RPM International, Inc. | 115,775 | 3,520,718 | |
Senomyx, Inc. (a) | 31,786 | 76,604 | |
Sensient Technologies Corp. | 58,886 | 2,173,482 | |
Sherwin-Williams Co. | 79,080 | 12,778,537 | |
Sigma Aldrich Corp. | 110,382 | 8,506,037 | |
Spartech Corp. (a) | 26,298 | 259,561 | |
Stepan Co. | 16,974 | 1,039,488 | |
The Dow Chemical Co. | 1,116,995 | 35,431,081 | |
The Mosaic Co. | 258,436 | 15,128,843 | |
The Scotts Miracle-Gro Co. Class A (d) | 31,090 | 1,377,598 | |
Tredegar Corp. | 24,439 | 598,267 | |
Tronox Ltd. Class A | 19,331 | 397,059 | |
| |||
Shares | Value | ||
Valhi, Inc. | 16,022 | $ 260,838 | |
Valspar Corp. | 85,270 | 5,253,485 | |
W.R. Grace & Co. (a) | 64,184 | 4,594,291 | |
Westlake Chemical Corp. | 20,522 | 1,769,407 | |
Zep, Inc. | 16,526 | 247,229 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 376,328 | |
| 393,624,971 | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. | 43,267 | 2,782,501 | |
Headwaters, Inc. (a) | 97,498 | 917,456 | |
Martin Marietta Materials, Inc. | 41,456 | 4,026,621 | |
Texas Industries, Inc. (a)(d) | 19,133 | 1,110,671 | |
U.S. Concrete, Inc. (a) | 13,793 | 135,171 | |
Vulcan Materials Co. | 120,291 | 6,126,421 | |
| 15,098,841 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 459,221 | |
Aptargroup, Inc. | 60,393 | 3,257,598 | |
Ball Corp. | 152,556 | 6,775,012 | |
Bemis Co., Inc. | 87,122 | 3,253,135 | |
Berry Plastics Group, Inc. | 28,788 | 553,305 | |
Boise, Inc. | 80,405 | 690,679 | |
Crown Holdings, Inc. (a) | 123,560 | 4,802,777 | |
Graphic Packaging Holding Co. (a) | 184,468 | 1,368,753 | |
Greif, Inc. Class A | 37,275 | 1,896,179 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 8,120 | |
Myers Industries, Inc. | 25,717 | 378,554 | |
Owens-Illinois, Inc. (a) | 155,209 | 3,957,830 | |
Packaging Corp. of America | 83,299 | 3,480,232 | |
Rock-Tenn Co. Class A | 65,822 | 5,821,956 | |
Sealed Air Corp. | 175,395 | 3,895,523 | |
Silgan Holdings, Inc. | 43,920 | 1,885,486 | |
Sonoco Products Co. | 95,840 | 3,044,837 | |
UFP Technologies, Inc. (a) | 2,454 | 46,430 | |
| 45,575,627 | ||
Metals & Mining - 0.7% | |||
A.M. Castle & Co. (a)(d) | 36,860 | 605,610 | |
AK Steel Holding Corp. (d) | 121,218 | 454,568 | |
Alcoa, Inc. (d) | 972,022 | 8,281,627 | |
Allegheny Technologies, Inc. | 102,039 | 3,109,128 | |
Allied Nevada Gold Corp. (a)(d) | 72,291 | 1,322,925 | |
Amcol International Corp. | 23,278 | 680,649 | |
Carpenter Technology Corp. | 37,349 | 1,763,993 | |
Century Aluminum Co. (a)(d) | 51,555 | 418,111 | |
Cliffs Natural Resources, Inc. (d) | 131,469 | 3,347,201 | |
Coeur d'Alene Mines Corp. (a) | 98,197 | 1,866,725 | |
Commercial Metals Co. | 130,792 | 2,133,218 | |
Compass Minerals International, Inc. | 30,663 | 2,260,476 | |
Comstock Mining, Inc. (a)(d) | 32,356 | 64,065 | |
Freeport-McMoRan Copper & Gold, Inc. | 888,082 | 28,347,577 | |
Friedman Industries | 2,001 | 21,891 | |
General Moly, Inc. (a) | 49,482 | 144,487 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Globe Specialty Metals, Inc. | 53,804 | $ 768,859 | |
Golden Minerals Co. (a)(d) | 55,854 | 161,977 | |
Handy & Harman Ltd. (a) | 5,646 | 91,465 | |
Haynes International, Inc. | 10,403 | 535,755 | |
Hecla Mining Co. (d) | 255,072 | 1,183,534 | |
Horsehead Holding Corp. (a)(d) | 39,520 | 417,726 | |
Kaiser Aluminum Corp. (d) | 16,273 | 996,559 | |
Materion Corp. | 22,336 | 617,814 | |
McEwen Mining, Inc. (a) | 217,690 | 528,987 | |
Metals USA Holdings Corp. | 10,388 | 215,447 | |
Mines Management, Inc. (a)(d) | 24,109 | 26,279 | |
Molycorp, Inc. (a)(d) | 115,663 | 710,171 | |
Newmont Mining Corp. | 460,156 | 18,539,685 | |
Noranda Aluminium Holding Corp. | 57,213 | 272,334 | |
Nucor Corp. | 296,896 | 13,375,165 | |
Olympic Steel, Inc. | 9,587 | 198,163 | |
Reliance Steel & Aluminum Co. | 68,490 | 4,560,749 | |
Royal Gold, Inc. | 59,947 | 3,928,926 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 830,048 | |
Schnitzer Steel Industries, Inc. Class A (d) | 20,284 | 580,325 | |
Silver Bull Resources, Inc. (a)(d) | 60,971 | 20,425 | |
Solitario Exploration & Royalty Corp. (a) | 18,115 | 28,078 | |
Steel Dynamics, Inc. | 191,858 | 2,929,672 | |
Stillwater Mining Co. (a)(d) | 106,954 | 1,394,680 | |
SunCoke Energy, Inc. (a) | 69,275 | 1,142,345 | |
Synalloy Corp. | 1,991 | 27,177 | |
Timberline Resources Corp. (a) | 18,994 | 3,609 | |
U.S. Silica Holdings, Inc. (d) | 14,625 | 359,629 | |
United States Steel Corp. (d) | 123,306 | 2,569,697 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 6,659 | 236,328 | |
US Antimony Corp. (a)(d) | 24,962 | 46,679 | |
Walter Energy, Inc. | 53,873 | 1,712,623 | |
Worthington Industries, Inc. | 60,686 | 1,719,841 | |
| 115,553,002 | ||
Paper & Forest Products - 0.2% | |||
Boise Cascade Co. | 11,500 | 311,650 | |
Buckeye Technologies, Inc. | 38,686 | 1,072,763 | |
Clearwater Paper Corp. (a) | 22,216 | 1,075,032 | |
Deltic Timber Corp. | 13,533 | 966,121 | |
Domtar Corp. | 31,471 | 2,346,478 | |
International Paper Co. | 404,904 | 17,819,825 | |
Kapstone Paper & Packaging Corp. | 34,137 | 909,410 | |
Louisiana-Pacific Corp. (a)(d) | 122,996 | 2,579,226 | |
MeadWestvaco Corp. | 171,723 | 6,132,228 | |
Neenah Paper, Inc. | 13,754 | 401,617 | |
P.H. Glatfelter Co. | 36,975 | 671,096 | |
Resolute Forest Products (a)(d) | 103,317 | 1,425,775 | |
Schweitzer-Mauduit International, Inc. | 24,906 | 917,786 | |
| |||
Shares | Value | ||
Verso Paper Corp. (a) | 23,529 | $ 25,176 | |
Wausau-Mosinee Paper Corp. | 43,988 | 434,162 | |
| 37,088,345 | ||
TOTAL MATERIALS | 606,940,786 | ||
TELECOMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 2.3% | |||
8x8, Inc. (a)(d) | 89,195 | 539,630 | |
Alaska Communication Systems Group, Inc. | 135,810 | 233,593 | |
Allegiance Telecom, Inc. (a)(d) | 7,100 | 0 | |
AT&T, Inc. | 5,313,513 | 190,808,252 | |
Atlantic Tele-Network, Inc. | 16,949 | 796,603 | |
Cbeyond, Inc. (a) | 59,758 | 419,501 | |
CenturyLink, Inc. (d) | 578,199 | 20,046,159 | |
Cincinnati Bell, Inc. (a)(d) | 198,209 | 644,179 | |
Cogent Communications Group, Inc. | 64,769 | 1,628,940 | |
Consolidated Communications Holdings, Inc. | 59,983 | 1,007,714 | |
Elephant Talk Communication, Inc. (a)(d) | 63,184 | 75,821 | |
FairPoint Communications, Inc. (a)(d) | 43,838 | 366,047 | |
Frontier Communications Corp. (d) | 931,518 | 3,856,485 | |
General Communications, Inc. Class A (a) | 33,964 | 286,996 | |
Hawaiian Telcom Holdco, Inc. (a) | 11,736 | 226,153 | |
HickoryTech Corp. | 2,523 | 23,691 | |
IDT Corp. Class B | 44,765 | 452,574 | |
inContact, Inc. (a)(d) | 42,838 | 290,870 | |
Iridium Communications, Inc. (a) | 61,404 | 375,178 | |
Level 3 Communications, Inc. (a)(d) | 161,071 | 3,218,199 | |
Lumos Networks Corp. | 15,837 | 180,859 | |
Neutral Tandem, Inc. | 28,172 | 96,630 | |
ORBCOMM, Inc. (a) | 20,031 | 88,337 | |
Premiere Global Services, Inc. (a) | 64,433 | 687,500 | |
Primus Telecommunications Group, Inc. | 10,437 | 114,703 | |
Towerstream Corp. (a)(d) | 39,383 | 98,064 | |
tw telecom, inc. (a) | 129,225 | 3,271,977 | |
Verizon Communications, Inc. | 2,670,665 | 124,266,042 | |
Vonage Holdings Corp. (a) | 140,662 | 371,348 | |
Windstream Corp. (d) | 539,024 | 4,630,216 | |
| 359,102,261 | ||
Wireless Telecommunication Services - 0.3% | |||
Boingo Wireless, Inc. (a) | 15,589 | 94,781 | |
Clearwire Corp. Class A (a) | 410,997 | 1,282,311 | |
Crown Castle International Corp. (a) | 268,137 | 18,715,963 | |
Leap Wireless International, Inc. (a)(d) | 51,525 | 275,659 | |
MetroPCS Communications, Inc. (a) | 316,592 | 3,102,602 | |
NII Holdings, Inc. (a)(d) | 144,839 | 698,124 | |
NTELOS Holdings Corp. | 10,948 | 136,631 | |
SBA Communications Corp. Class A (a)(d) | 109,238 | 7,769,007 | |
Shenandoah Telecommunications Co. | 22,919 | 330,263 | |
Sprint Nextel Corp. (a) | 2,784,811 | 16,151,904 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
Telephone & Data Systems, Inc. | 98,546 | $ 2,255,718 | |
U.S. Cellular Corp. (a)(d) | 27,310 | 1,004,735 | |
USA Mobility, Inc. | 43,148 | 501,380 | |
| 52,319,078 | ||
TOTAL TELECOMMUNICATION SERVICES | 411,421,339 | ||
UTILITIES - 3.5% | |||
Electric Utilities - 1.8% | |||
Allete, Inc. | 33,215 | 1,561,105 | |
American Electric Power Co., Inc. | 446,091 | 20,872,598 | |
Cleco Corp. (d) | 54,483 | 2,413,597 | |
Duke Energy Corp. | 665,471 | 46,083,867 | |
Edison International | 298,039 | 14,314,813 | |
El Paso Electric Co. | 44,691 | 1,490,445 | |
Empire District Electric Co. | 52,048 | 1,114,348 | |
Entergy Corp. | 167,660 | 10,438,512 | |
Exelon Corp. | 798,134 | 24,734,173 | |
FirstEnergy Corp. | 388,361 | 15,332,492 | |
Great Plains Energy, Inc. | 136,077 | 2,970,561 | |
Hawaiian Electric Industries, Inc. | 99,172 | 2,676,652 | |
IDACORP, Inc. | 44,055 | 2,056,928 | |
ITC Holdings Corp. | 54,901 | 4,640,233 | |
MGE Energy, Inc. | 22,576 | 1,211,880 | |
NextEra Energy, Inc. | 396,901 | 28,525,275 | |
Northeast Utilities | 298,461 | 12,389,116 | |
NV Energy, Inc. | 198,898 | 3,930,224 | |
OGE Energy Corp. | 100,519 | 5,821,055 | |
Otter Tail Corp. | 43,707 | 1,262,695 | |
Pepco Holdings, Inc. | 198,406 | 4,025,658 | |
Pinnacle West Capital Corp. | 94,072 | 5,262,388 | |
PNM Resources, Inc. | 67,114 | 1,507,380 | |
Portland General Electric Co. | 65,957 | 1,958,263 | |
PPL Corp. | 531,780 | 16,389,460 | |
Southern Co. | 819,798 | 36,899,108 | |
UIL Holdings Corp. | 48,015 | 1,880,267 | |
Unitil Corp. | 19,695 | 539,249 | |
UNS Energy Corp. | 32,111 | 1,509,859 | |
Westar Energy, Inc. (d) | 117,240 | 3,636,785 | |
Xcel Energy, Inc. | 463,832 | 13,311,978 | |
| 290,760,964 | ||
Gas Utilities - 0.3% | |||
AGL Resources, Inc. | 117,679 | 4,702,453 | |
Atmos Energy Corp. | 80,528 | 3,073,754 | |
Chesapeake Utilities Corp. | 10,363 | 497,735 | |
Delta Natural Gas Co., Inc. | 3,078 | 60,144 | |
Gas Natural, Inc. | 3,100 | 30,814 | |
Laclede Group, Inc. | 27,494 | 1,120,655 | |
National Fuel Gas Co. (d) | 80,051 | 4,658,168 | |
| |||
Shares | Value | ||
New Jersey Resources Corp. | 32,715 | $ 1,457,780 | |
Northwest Natural Gas Co. | 34,699 | 1,580,539 | |
ONEOK, Inc. | 190,309 | 8,562,002 | |
Piedmont Natural Gas Co., Inc. (d) | 66,004 | 2,127,969 | |
Questar Corp. | 154,003 | 3,620,611 | |
South Jersey Industries, Inc. | 25,563 | 1,409,544 | |
Southwest Gas Corp. | 43,172 | 1,955,692 | |
UGI Corp. | 101,658 | 3,641,390 | |
WGL Holdings, Inc. | 48,285 | 2,036,178 | |
| 40,535,428 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
American DG Energy, Inc. (a)(d) | 24,722 | 54,388 | |
Black Hills Corp. | 38,823 | 1,614,649 | |
Calpine Corp. (a)(d) | 357,032 | 6,569,389 | |
Dynegy, Inc. (a)(d) | 83,582 | 1,635,700 | |
Genie Energy Ltd. Class B | 11,430 | 80,239 | |
NRG Energy, Inc. | 283,859 | 6,812,616 | |
Ormat Technologies, Inc. (d) | 29,840 | 609,930 | |
Synthesis Energy Systems, Inc. (a)(d) | 39,903 | 42,696 | |
The AES Corp. | 613,866 | 7,133,123 | |
| 24,552,730 | ||
Multi-Utilities - 1.1% | |||
Alliant Energy Corp. | 123,112 | 5,871,211 | |
Ameren Corp. | 230,451 | 7,786,939 | |
Avista Corp. | 62,033 | 1,624,644 | |
CenterPoint Energy, Inc. | 384,116 | 8,231,606 | |
CH Energy Group, Inc. | 22,364 | 1,456,567 | |
CMS Energy Corp. | 217,136 | 5,777,989 | |
Consolidated Edison, Inc. | 267,067 | 15,756,953 | |
Dominion Resources, Inc. | 535,722 | 30,000,432 | |
DTE Energy Co. | 174,595 | 11,662,946 | |
Integrys Energy Group, Inc. | 70,869 | 4,009,059 | |
MDU Resources Group, Inc. | 177,407 | 4,286,153 | |
NiSource, Inc. | 277,276 | 7,680,545 | |
NorthWestern Energy Corp. | 42,329 | 1,649,984 | |
PG&E Corp. | 400,233 | 17,065,935 | |
Public Service Enterprise Group, Inc. | 481,767 | 15,700,787 | |
SCANA Corp. | 137,776 | 6,728,980 | |
Sempra Energy | 209,790 | 16,313,270 | |
TECO Energy, Inc. | 187,457 | 3,233,633 | |
Vectren Corp. | 88,091 | 2,907,003 | |
Wisconsin Energy Corp. | 210,137 | 8,678,658 | |
| 176,423,294 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 26,442 | 1,400,368 | |
American Water Works Co., Inc. | 164,099 | 6,473,706 | |
Aqua America, Inc. (d) | 151,195 | 4,404,310 | |
Artesian Resources Corp. Class A | 8,755 | 194,799 | |
Cadiz, Inc. (a)(d) | 5,759 | 38,816 | |
California Water Service Group | 51,749 | 1,038,085 | |
Connecticut Water Service, Inc. | 5,010 | 149,599 | |
Middlesex Water Co. | 7,054 | 137,271 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Pure Cycle Corp. (a) | 13,598 | $ 54,528 | |
SJW Corp. | 12,324 | 326,709 | |
York Water Co. | 5,248 | 96,878 | |
| 14,315,069 | ||
TOTAL UTILITIES | 546,587,485 | ||
TOTAL COMMON STOCKS (Cost $12,541,206,142) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal |
| ||
U.S. Treasury Bills, yield at date of purchase 0.08% to 0.14% 4/11/13 to 8/8/13 (e) | $ 14,000,000 |
|
Money Market Funds - 9.9% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 251,050,200 | 251,050,200 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 1,320,680,268 | 1,320,680,268 | |
TOTAL MONEY MARKET FUNDS (Cost $1,571,730,468) |
| ||
TOTAL INVESTMENT (Cost $14,126,932,564) | 17,202,934,121 | ||
NET OTHER ASSETS (LIABILITIES) - (8.7)% | (1,379,225,564) | ||
NET ASSETS - 100% | $ 15,823,708,557 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
288 CME S&P 500 Index Contracts | March 2013 | $ 108,957,600 | $ 6,174,424 | ||
749 CME E-mini S&P 500 Index Contracts | March 2013 | 56,673,085 | 3,298,524 | ||
110 CME E-mini S&P MidCap 400 Index Contracts | March 2013 | 12,118,700 | 948,344 | ||
266 NYFE Russell 2000 Mini Index Contracts | March 2013 | 24,211,320 | 2,022,798 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 201,960,705 | $ 12,444,090 |
|
The face value of futures purchased as a percentage of net assets is 1.4% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $11,776,149. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 287,077 |
Fidelity Securities Lending Cash Central Fund | 7,094,866 |
Total | $ 7,381,943 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,900,846,570 | $ 1,900,846,570 | $ - | $ - |
Consumer Staples | 1,474,260,627 | 1,474,260,627 | - | - |
Energy | 1,606,396,650 | 1,606,396,650 | - | - |
Financials | 2,687,885,279 | 2,687,883,265 | - | 2,014 |
Health Care | 1,871,399,851 | 1,871,399,850 | - | 1 |
Industrials | 1,760,126,554 | 1,760,119,350 | 7,204 | - |
Information Technology | 2,751,342,683 | 2,751,342,683 | - | - |
Materials | 606,940,786 | 606,940,786 | - | - |
Telecommunication Services | 411,421,339 | 411,421,339 | - | - |
Utilities | 546,587,485 | 546,587,485 | - | - |
U.S. Government and Government Agency Obligations | 13,995,829 | - | 13,995,829 | - |
Money Market Funds | 1,571,730,468 | 1,571,730,468 | - | - |
Total Investments in Securities: | $ 17,202,934,121 | $ 17,188,929,073 | $ 14,003,033 | $ 2,015 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,444,090 | $ 12,444,090 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,444,090 | $ - |
Total Value of Derivatives | $ 12,444,090 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,287,151,025) - See accompanying schedule: Unaffiliated issuers (cost $12,555,202,096) | $ 15,631,203,653 |
|
Fidelity Central Funds (cost $1,571,730,468) | 1,571,730,468 |
|
Total Investments (cost $14,126,932,564) |
| $ 17,202,934,121 |
Receivable for investments sold | 3,035,785 | |
Receivable for fund shares sold | 11,984,080 | |
Dividends receivable | 33,542,246 | |
Distributions receivable from Fidelity Central Funds | 558,348 | |
Receivable from investment adviser for expense reductions | 160,619 | |
Other receivables | 178,407 | |
Total assets | 17,252,393,606 | |
|
|
|
Liabilities | ||
Payable to custodian bank | $ 126,989 | |
Payable for investments purchased | 56,679,963 | |
Payable for fund shares redeemed | 49,799,670 | |
Accrued management fee | 591,657 | |
Payable for daily variation margin on futures contracts | 333,124 | |
Other affiliated payables | 297,617 | |
Other payables and accrued expenses | 175,761 | |
Collateral on securities loaned, at value | 1,320,680,268 | |
Total liabilities | 1,428,685,049 | |
|
|
|
Net Assets | $ 15,823,708,557 | |
Net Assets consist of: |
| |
Paid in capital | $ 13,071,285,937 | |
Undistributed net investment income | 46,240,356 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (382,263,383) | |
Net unrealized appreciation (depreciation) on investments | 3,088,445,647 | |
Net Assets | $ 15,823,708,557 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Class: | $ 44.06 | |
|
|
|
Institutional Class: | $ 44.05 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 44.05 | |
|
|
|
Class F: | $ 44.06 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 298,854,280 |
Interest |
| 13,404 |
Income from Fidelity Central Funds |
| 7,381,943 |
Total income |
| 306,249,627 |
|
|
|
Expenses | ||
Management fee | $ 6,141,448 | |
Transfer agent fees | 3,688,553 | |
Independent trustees' compensation | 87,852 | |
Miscellaneous | 34,265 | |
Total expenses before reductions | 9,952,118 | |
Expense reductions | (397,071) | 9,555,047 |
Net investment income (loss) | 296,694,580 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 52,234,181 | |
Foreign currency transactions | 1,127 | |
Futures contracts | 27,632,420 | |
Total net realized gain (loss) |
| 79,867,728 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 1,451,980,584 | |
Assets and liabilities in foreign currencies | (221) | |
Futures contracts | 220,387 | |
Total change in net unrealized appreciation (depreciation) |
| 1,452,200,750 |
Net gain (loss) | 1,532,068,478 | |
Net increase (decrease) in net assets resulting from operations | $ 1,828,763,058 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 296,694,580 | $ 209,840,887 |
Net realized gain (loss) | 79,867,728 | 578,441,424 |
Change in net unrealized appreciation (depreciation) | 1,452,200,750 | (263,122,528) |
Net increase (decrease) in net assets resulting from operations | 1,828,763,058 | 525,159,783 |
Distributions to shareholders from net investment income | (264,325,861) | (195,308,977) |
Share transactions - net increase (decrease) | 1,964,414,886 | (149,356,809) |
Redemption fees | 275,392 | 378,217 |
Total increase (decrease) in net assets | 3,529,127,475 | 180,872,214 |
|
|
|
Net Assets | ||
Beginning of period | 12,294,581,082 | 12,113,708,868 |
End of period (including undistributed net investment income of $46,240,356 and undistributed net investment income of $27,909,802, respectively) | $ 15,823,708,557 | $ 12,294,581,082 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .87 | .68 | .61 | .56 | .70 |
Net realized and unrealized gain (loss) | 4.40 | .96 | 7.03 | 10.96 | (16.70) |
Total from investment operations | 5.27 | 1.64 | 7.64 | 11.52 | (16.00) |
Distributions from net investment income | (.77) | (.65) | (.60) | (.57) | (.64) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.77) | (.65) | (.62) | (.58) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 |
Total Return A | 13.50% | 4.46% | 24.39% | 56.10% | (43.32)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 2.15% | 1.84% | 1.80% | 2.00% | 2.23% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 1,305,435 | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. CFees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share. I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .89 | .69 | .62 | .57 | .72 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.03 | 10.95 | (16.71) |
Total from investment operations | 5.28 | 1.66 | 7.65 | 11.52 | (15.99) |
Distributions from net investment income | (.78) | (.66) | (.61) | (.57) | (.65) |
Distributions from net realized gain | - | - | (.02) | (.02) | (.01) |
Total distributions | (.78) | (.66) | (.63) | (.59) I | (.65) H |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 |
Total Return A | 13.53% | 4.51% | 24.43% | 56.07% | (43.28)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .07% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .07% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 2.18% | 1.87% | 1.83% | 2.03% | 2.26% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 10,262,592 | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 |
Portfolio turnover rate D | 3% | 17% | 4% | 7% | 3% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share. I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .89 | .36 |
Net realized and unrealized gain (loss) | 4.40 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.55% | 16.49% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 2.19% | 2.03% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 876,155 | $ 693,534 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. |
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.55 | $ 34.49 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .90 | .36 |
Net realized and unrealized gain (loss) | 4.39 | 5.26 |
Total from investment operations | 5.29 | 5.62 |
Distributions from net investment income | (.79) | (.56) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 44.05 | $ 39.55 |
Total Return B, C | 13.57% | 16.50% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .06% | .06% A |
Expenses net of fee waivers, if any | .05% L | .05% A, L |
Expenses net of all reductions | .05% L | .05% A, L |
Net investment income (loss) | 2.20% | 2.02% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 546,329 | $ 189,758 |
Portfolio turnover rate F | 3% | 17% K |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Amount not annualized. L Amount represents .045%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2013 | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
|
Net asset value, beginning of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
|
Net investment income (loss) D | .90 | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | 4.39 | .97 | 7.02 | 1.67 |
Total from investment operations | 5.29 | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.79) | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | - | (.02) | (.02) |
Total distributions | (.79) | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - | - |
Net asset value, end of period | $ 44.06 | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 13.55% | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
|
Expenses before reductions | .05% L | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .05% L | .06% | .07% | .07% A |
Expenses net of all reductions | .05% L | .06% | .07% | .07% A |
Net investment income (loss) | 2.20% | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,833,198 | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 3% | 17% | 4% | 7% |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share. L Amount represents .046%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
1. Organization.
Spartan Total Market Index Fund (the Fund) is a fund of Fidelity Concord Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. Class F shares of the Fund are only available for purchase by mutual funds for which Fidelity Management & Research Company (FMR) or an affiliate serves as investment manager. Investment income, realized and unrealized capital gains and losses, the common expenses of the Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of the Fund. Each class differs with respect to transfer agent fees incurred. Certain expense reductions also differ by class.
2. Investments in Fidelity Central Funds.
The Fund invests in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by FMR and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds held as of period end, if any, as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by the Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Investment Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, is included at the end of the Fund's Schedule of Investments.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Fund estimates the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Deferred Trustee Compensation. Under a Deferred Compensation Plan (the Plan), independent Trustees may elect to defer receipt of a portion of their annual compensation. Deferred amounts are invested in a cross-section of Fidelity funds, are marked-to-market and remain in the Fund until distributed in accordance with the Plan. The investment of deferred amounts and the offsetting payable to the Trustees are included in the accompanying Statement of Assets and Liabilities.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 4,313,659,382 |
Gross unrealized depreciation | (1,277,823,266) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 3,035,836,116 |
|
|
Tax Cost | $ 14,167,098,005 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 46,416,105 |
Capital loss carryforward | $ (329,653,844) |
Net unrealized appreciation (depreciation) | $ 3,035,836,116 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
2017 | $ (82,640,415) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | $ (329,653,844) |
The tax character of distributions paid was as follows:
| February 28, 2013 | February 29, 2012 |
Ordinary Income | $ 264,325,861 | $ 195,308,977 |
Short-Term Trading (Redemption) Fees. Shares held by investors in the Fund less than 90 days are subject to a redemption fee equal to .50% of the net asset value of shares redeemed. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Fund and accounted for as an addition to paid in capital.
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Annual Report
Notes to Financial Statements - continued
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund's investment objective allows the Fund to enter into various types of derivative contracts, including futures contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
|
The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end and is representative of activity for the period. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
During the period the Fund recognized net realized gain (loss) of $27,632,420 and a change in net unrealized appreciation (depreciation) of $220,387 related to its investment in futures contracts. These amounts are included in the Statement of Operations.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, aggregated $2,333,261,563 and $350,473,786, respectively.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is based on an annual rate of .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Management Fee and Expense Contract - continued
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.
Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Investor Class | $ 1,608,860 |
Fidelity Advantage Class | 1,808,389 |
Institutional Class | 198,032 |
Fidelity Advantage Institutional Class | 73,272 |
| $ 3,688,553 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The Fund has agreed to pay commitment fees on its pro-rata portion of the line of credit, which amounted to $34,265 and is reflected in Miscellaneous expenses on the Statement of Operations. During the period, there were no borrowings on this line of credit.
8. Security Lending.
The Fund lends portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Fund. On the settlement date of the loan, the Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Fund and any additional required collateral is delivered to the Fund on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on the Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $7,094,866. During the period, there were no securities loaned to FCM.
Annual Report
Notes to Financial Statements - continued
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2014. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement.
| Expense | Reimbursement |
Institutional Class | .06% / .05%* | $ 102,634 |
Fidelity Advantage Class | .06%* | 216,903 |
Fidelity Advantage Institutional Class | .045% | 77,053 |
|
| $ 396,590 |
* Expense limitation effective January 1, 2013.
Through arrangements with the Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce the Fund's expenses. During the period, these credits reduced the Fund's management fee by $481.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 58,496,193 | $ 74,011,128 |
Fidelity Advantage Class | 134,301,377 | 90,014,851 |
Institutional Class | 15,312,994 | 6,818,791 |
Fidelity Advantage Institutional Class | 9,729,037 | 2,620,049 |
Class F | 46,486,260 | 21,844,158 |
Total | $ 264,325,861 | $ 195,308,977 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 18,000,373 | 37,550,760 | $ 734,600,452 | $ 1,388,868,676 |
Reinvestment of distributions | 1,376,779 | 2,008,028 | 55,808,530 | 71,680,307 |
Shares redeemed | (75,188,401) | (117,221,767) B | (3,168,012,059) | (4,390,559,721) B |
Net increase (decrease) | (55,811,249) | (77,662,979) | $ (2,377,603,077) | $ (2,930,010,738) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 97,957,582 | 52,795,658 | $ 4,121,057,430 | $ 2,007,116,846 |
Reinvestment of distributions | 2,934,640 | 2,192,081 | 119,002,705 | 77,894,521 |
Shares redeemed | (33,199,050) | (21,435,179) | (1,350,946,307) | (789,876,393) |
Net increase (decrease) | 67,693,172 | 33,552,560 | $ 2,889,113,828 | $ 1,295,134,974 |
Institutional Class |
|
|
|
|
Shares sold | 8,433,106 | 17,993,180 | $ 338,510,978 | $ 649,476,736 |
Reinvestment of distributions | 377,853 | 194,656 | 15,312,994 | 6,818,791 |
Shares redeemed | (6,455,224) | (654,011) | (253,857,664) | (24,602,098) |
Net increase (decrease) | 2,355,735 | 17,533,825 | $ 99,966,308 | $ 631,693,429 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 10,372,973 | 4,871,455 | $ 406,066,075 | $ 179,033,674 |
Reinvestment of distributions | 239,832 | 74,794 | 9,729,037 | 2,620,049 |
Shares redeemed | (3,007,383) | (148,799) | (124,740,192) | (5,550,895) |
Net increase (decrease) | 7,605,422 | 4,797,450 | $ 291,054,920 | $ 176,102,828 |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Class F |
|
|
|
|
Shares sold | 31,085,123 | 22,439,089 | $ 1,254,633,446 | $ 826,126,384 |
Reinvestment of distributions | 1,145,187 | 617,949 | 46,486,260 | 21,844,158 |
Shares redeemed | (5,709,687) | (4,602,865) | (239,236,799) | (170,247,844) |
Net increase (decrease) | 26,520,623 | 18,454,173 | $ 1,061,882,907 | $ 677,722,698 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions.
12. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Annual Report
Shareholder Expense Example
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs, including redemption fees and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2012 to February 28, 2013).
Actual Expenses
The first line of the accompanying table for each class of each fund provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class of the fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table for each class of each fund provides information about hypothetical account values and hypothetical expenses based on a Class' actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Class' actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. A small balance maintenance fee of $12.00 that is charged once a year may apply for certain accounts with a value of less than $2,000. This fee is not included in the table below. If it was, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by this amount. In addition, each Fund, as a shareholder in the underlying Fidelity Central Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Central Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
| Annualized | Beginning | Ending | Expenses Paid |
Spartan Extended Market Index |
|
|
|
|
Investor Class | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.40 | $ .53 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.30 | $ .37 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,138.40 | $ .32 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
Spartan International Index |
|
|
|
|
Investor Class | .20% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,139.80 | $ 1.06 |
HypotheticalA |
| $ 1,000.00 | $ 1,023.80 | $ 1.00 |
Fidelity Advantage Class | .12% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.00 | $ .64 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.20 | $ .60 |
Institutional Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.20 | $ .37 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
| Annualized | Beginning | Ending | Expenses Paid |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,140.30 | $ .32 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.50 | $ .30 |
A 5% return per year before expenses
* Expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period).
Annual Report
Spartan Extended Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan Extended Market Index Fund - Investor Class | 14.00% | 7.65% | 12.12% |
Spartan Extended Market Index Fund - Fidelity Advantage Class A | 14.04% | 7.69% | 12.14% |
A The initial offering of Fidelity Advantage Class took place on October 14, 2005. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan Extended Market Index Fund - Investor Class on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Completion Total Stock Market Index performed over the same period.
Annual Report
Spartan Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stock markets posted solid gains for the year ending February 28, 2013, sparked by a late-period rally that pushed major equity benchmarks to multiyear highs. Improvement in the global economy and more monetary stimulus from the U.S. Federal Reserve kept markets on the upswing for much of the year, shrugging off an early decline brought on by debt woes in Europe, and another dip later in the period amid Congressional gridlock on the federal budget. Renewed optimism over employment, the housing market, corporate earnings and record dividends made stocks a favorite with investors during the 12 months, which helped push the broad-based S&P 500® Index across the milestone 1,500 mark at the end of January. The S&P 500® finished the period up 13.46%, with the blue-chip-laden Dow Jones Industrial AverageSM following suit, rising 11.51% and nearing an all-time high by period end. The technology-heavy Nasdaq Composite Index® also hit a multiyear high, despite adding a more modest 7.96%. Elsewhere, gains were broad-based, with seven of the 10 sectors in the S&P 500® posting a double-digit advance, led by telecommunication services and health care, while materials, tech and energy showed single-digit returns. Outside the U.S., foreign developed-markets stocks rose strongly, despite the headwind of a stronger U.S. dollar, with the MSCI® EAFE® Index adding 9.99%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Extended Market Index Fund: For the year, the fund's Investor Class and Fidelity Advantage® Class shares gained 14.00% and 14.04%, respectively, compared with 13.80% for the fund's benchmark, the Dow Jones U.S. Completion Total Stock Market IndexSM. Of the 10 market sectors in the index, nine generated positive performance, with energy the only exception. Among the gainers, financials and health care did the best, each generating a gain of around 20%. The fund's leading individual contributor was HollyFrontier, an independent oil refinery whose shares were up sharply during the period. Cheaper energy costs have enabled HollyFrontier and its competitors to operate more profitably. Liberty Global, a provider of video, Internet and telephone service, and shares of Starz, a media and entertainment company spun off from Liberty Global in August, also added value, as did LinkedIn, a business-oriented social media company whose stock jumped in February after the firm announced much-better-than-expected fourth-quarter earnings. One notable negative during the period was VeriFone Systems, whose shares were down roughly 60% - including 43% on a single day in late February, after the company, which makes credit-card payment terminals, predicted that Europe's poor economy would depress the company's profits. Also hurting results was Herbalife. A well-known hedge fund manager honed in on this maker of nutrition and personal care products, essentially accusing the company of operating a pyramid scheme - something the company's management has categorically denied. While the company's shares dropped sharply in December, it made up a significant portion of the decline in the subsequent months.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan Extended Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
General Motors Co. | 0.6 | 0.4 |
Transocean Ltd. (United States) | 0.6 | 0.0 |
Las Vegas Sands Corp. | 0.6 | 0.6 |
Liberty Global, Inc. Class A | 0.5 | 0.5 |
Annaly Capital Management, Inc. | 0.5 | 0.6 |
Facebook, Inc. Class A | 0.5 | 0.3 |
Regeneron Pharmaceuticals, Inc. | 0.4 | 0.4 |
Delta Air Lines, Inc. | 0.4 | 0.3 |
Liberty Media Corp. Class A | 0.4 | 0.0 |
HollyFrontier Corp. | 0.4 | 0.3 |
| 4.9 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Financials | 22.8 | 22.5 |
Consumer Discretionary | 15.4 | 16.3 |
Industrials | 15.3 | 14.1 |
Information Technology | 14.8 | 15.3 |
Health Care | 10.5 | 10.7 |
Energy | 6.6 | 5.6 |
Materials | 5.6 | 6.2 |
Utilities | 3.6 | 3.7 |
Consumer Staples | 3.2 | 3.3 |
Telecommunication Services | 0.9 | 1.0 |
Annual Report
Spartan Extended Market Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 15.4% | |||
Auto Components - 0.9% | |||
Allison Transmission Holdings, Inc. | 76,706 | $ 1,771,909 | |
American Axle & Manufacturing Holdings, Inc. (a) | 172,886 | 2,187,008 | |
Cooper Tire & Rubber Co. | 161,372 | 4,079,484 | |
Dana Holding Corp. | 384,916 | 6,439,645 | |
Dorman Products, Inc. (d) | 82,023 | 2,867,524 | |
Drew Industries, Inc. | 48,740 | 1,773,161 | |
Exide Technologies (a) | 194,496 | 521,249 | |
Federal-Mogul Corp. Class A (a) | 60,748 | 490,844 | |
Fuel Systems Solutions, Inc. (a)(d) | 31,837 | 442,216 | |
Gentex Corp. (d) | 355,459 | 6,664,856 | |
Gentherm, Inc. (a) | 70,617 | 1,087,502 | |
Lear Corp. | 244,133 | 13,041,585 | |
Modine Manufacturing Co. (a) | 132,459 | 1,091,462 | |
Motorcar Parts of America, Inc. (a) | 33,298 | 182,140 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 23,585 | 16,274 | |
Shiloh Industries, Inc. | 9,407 | 98,585 | |
Spartan Motors, Inc. | 62,902 | 332,752 | |
Standard Motor Products, Inc. | 59,935 | 1,482,193 | |
Stoneridge, Inc. (a) | 65,396 | 421,804 | |
Strattec Security Corp. | 6,920 | 196,874 | |
Superior Industries International, Inc. | 56,407 | 1,226,852 | |
Tenneco, Inc. (a) | 164,792 | 5,838,581 | |
Tower International, Inc. (a) | 17,465 | 210,279 | |
TRW Automotive Holdings Corp. (a) | 254,300 | 14,924,867 | |
UQM Technologies, Inc. (a)(d) | 78,497 | 58,873 | |
Visteon Corp. (a) | 134,057 | 7,812,842 | |
| 75,261,361 | ||
Automobiles - 0.8% | |||
General Motors Co. (a)(d) | 1,951,627 | 52,986,668 | |
Tesla Motors, Inc. (a)(d) | 179,803 | 6,262,538 | |
Thor Industries, Inc. (d) | 110,352 | 4,148,132 | |
Winnebago Industries, Inc. (a) | 74,520 | 1,444,198 | |
| 64,841,536 | ||
Distributors - 0.3% | |||
Core-Mark Holding Co., Inc. | 32,914 | 1,577,239 | |
LKQ Corp. (a) | 753,377 | 15,964,059 | |
Pool Corp. | 112,674 | 5,151,455 | |
VOXX International Corp. (a)(d) | 62,477 | 621,646 | |
Weyco Group, Inc. | 16,952 | 390,913 | |
| 23,705,312 | ||
Diversified Consumer Services - 0.7% | |||
American Public Education, Inc. (a)(d) | 44,261 | 1,725,294 | |
Ascent Capital Group, Inc. (a)(d) | 34,050 | 2,335,490 | |
Bridgepoint Education, Inc. (a)(d) | 51,097 | 521,700 | |
Bright Horizons Family Solutions, Inc. | 25,400 | 710,184 | |
Cambium Learning Group, Inc. (a) | 16,192 | 19,754 | |
Capella Education Co. (a)(d) | 34,672 | 1,097,716 | |
Career Education Corp. (a) | 137,751 | 440,803 | |
| |||
Shares | Value | ||
Carriage Services, Inc. | 49,366 | $ 898,461 | |
Coinstar, Inc. (a)(d) | 76,335 | 3,907,589 | |
Collectors Universe, Inc. (d) | 17,833 | 197,411 | |
Corinthian Colleges, Inc. (a)(d) | 178,249 | 379,670 | |
DeVry, Inc. (d) | 163,000 | 4,886,740 | |
Education Management Corp. (a)(d) | 71,409 | 254,216 | |
Grand Canyon Education, Inc. (a) | 101,607 | 2,433,488 | |
Hillenbrand, Inc. | 148,874 | 3,675,699 | |
ITT Educational Services, Inc. (a)(d) | 44,919 | 618,984 | |
K12, Inc. (a)(d) | 95,189 | 1,984,691 | |
Learning Tree International, Inc. (a) | 12,160 | 46,086 | |
LifeLock, Inc. | 37,658 | 438,716 | |
Lincoln Educational Services Corp. | 64,172 | 404,925 | |
Mac-Gray Corp. | 25,136 | 312,189 | |
Matthews International Corp. Class A | 61,846 | 2,040,918 | |
National American University Holdings, Inc. | 23,237 | 90,392 | |
Regis Corp. (d) | 140,330 | 2,528,747 | |
Service Corp. International | 578,446 | 8,989,051 | |
Sotheby's Class A (Ltd. vtg.) (d) | 170,852 | 6,531,672 | |
Steiner Leisure Ltd. (a) | 31,260 | 1,473,909 | |
Stewart Enterprises, Inc. Class A | 181,075 | 1,533,705 | |
Strayer Education, Inc. (d) | 31,745 | 1,558,362 | |
Universal Technical Institute, Inc. | 48,727 | 568,157 | |
Weight Watchers International, Inc. (d) | 66,068 | 2,830,353 | |
| 55,435,072 | ||
Hotels, Restaurants & Leisure - 2.9% | |||
AFC Enterprises, Inc. (a) | 62,034 | 1,861,020 | |
Ambassadors Group, Inc. | 48,627 | 218,822 | |
Ameristar Casinos, Inc. | 83,030 | 2,175,386 | |
ARK Restaurants Corp. | 8,457 | 180,219 | |
Bally Technologies, Inc. (a)(d) | 110,933 | 5,297,051 | |
Biglari Holdings, Inc. (a)(d) | 3,343 | 1,251,552 | |
BJ's Restaurants, Inc. (a)(d) | 64,098 | 1,973,577 | |
Bloomin' Brands, Inc. | 63,870 | 1,099,203 | |
Bluegreen Corp. (a) | 26,636 | 259,967 | |
Bob Evans Farms, Inc. | 71,704 | 2,918,353 | |
Boyd Gaming Corp. (a)(d) | 138,515 | 910,044 | |
Bravo Brio Restaurant Group, Inc. (a) | 41,389 | 624,146 | |
Brinker International, Inc. | 188,247 | 6,283,685 | |
Buffalo Wild Wings, Inc. (a)(d) | 43,913 | 3,455,514 | |
Burger King Worldwide, Inc. | 201,153 | 3,671,042 | |
Caesars Entertainment Corp. (d) | 63,112 | 788,900 | |
Carrols Restaurant Group, Inc. (a)(d) | 55,247 | 293,914 | |
CEC Entertainment, Inc. | 53,783 | 1,626,936 | |
Century Casinos, Inc. (a) | 54,140 | 159,713 | |
Choice Hotels International, Inc. (d) | 86,880 | 3,304,046 | |
Churchill Downs, Inc. | 34,319 | 2,264,368 | |
Chuys Holdings, Inc. (d) | 14,879 | 424,200 | |
Cosi, Inc. (a) | 62,262 | 54,168 | |
Cracker Barrel Old Country Store, Inc. | 57,580 | 4,334,622 | |
Del Frisco's Restaurant Group, Inc. (a) | 13,704 | 241,053 | |
Denny's Corp. (a) | 245,910 | 1,391,851 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
DineEquity, Inc. | 36,952 | $ 2,582,575 | |
Domino's Pizza, Inc. | 143,654 | 6,840,803 | |
Dover Downs Gaming & Entertainment, Inc. | 28,631 | 66,710 | |
Dover Motorsports, Inc. | 22,686 | 38,566 | |
Dunkin' Brands Group, Inc. (d) | 207,385 | 7,704,353 | |
Einstein Noah Restaurant Group, Inc. | 16,381 | 220,161 | |
Empire Resorts, Inc. (a)(d) | 26,500 | 53,265 | |
Entertainment Gaming Asia, Inc. (a) | 41,906 | 82,136 | |
Famous Dave's of America, Inc. (a) | 15,087 | 148,456 | |
Fiesta Restaurant Group, Inc. (a) | 41,197 | 931,052 | |
Frisch's Restaurants, Inc. | 8,068 | 153,453 | |
Full House Resorts, Inc. (a) | 24,413 | 81,539 | |
Gaming Partners International Corp. | 1,584 | 12,466 | |
Granite City Food & Brewery Ltd. (a) | 2,301 | 4,464 | |
Hyatt Hotels Corp. Class A (a) | 136,316 | 5,601,224 | |
Ignite Restaurant Group, Inc. (a) | 12,461 | 174,952 | |
International Speedway Corp. Class A | 76,829 | 2,315,626 | |
Interval Leisure Group, Inc. | 95,505 | 1,993,189 | |
Isle of Capri Casinos, Inc. (a) | 62,455 | 414,077 | |
Jack in the Box, Inc. (a) | 113,324 | 3,587,838 | |
Jamba, Inc. (a)(d) | 190,500 | 533,400 | |
Kona Grill, Inc. (a) | 10,220 | 86,870 | |
Krispy Kreme Doughnuts, Inc. (a) | 168,974 | 2,230,457 | |
Lakes Entertainment, Inc. (a) | 51,180 | 154,564 | |
Las Vegas Sands Corp. | 901,974 | 46,442,641 | |
Life Time Fitness, Inc. (a)(d) | 100,324 | 4,227,653 | |
Luby's, Inc. (a) | 41,544 | 338,168 | |
Marcus Corp. | 44,387 | 541,965 | |
Marriott Vacations Worldwide Corp. (a) | 72,432 | 2,988,544 | |
MAXXAM, Inc. (a) | 8 | 4,840 | |
MGM Mirage, Inc. (a) | 938,375 | 11,720,304 | |
Monarch Casino & Resort, Inc. (a) | 28,201 | 283,702 | |
Morgans Hotel Group Co. (a) | 89,969 | 441,748 | |
MTR Gaming Group, Inc. (a) | 47,245 | 181,893 | |
Multimedia Games Holding Co., Inc. (a) | 77,444 | 1,448,203 | |
Nathan's Famous, Inc. (a) | 7,826 | 286,745 | |
Norwegian Cruise Line Holdings Ltd. (d) | 59,000 | 1,827,820 | |
Orient Express Hotels Ltd. Class A (a) | 222,453 | 2,297,939 | |
Panera Bread Co. Class A (a) | 70,750 | 11,387,213 | |
Papa John's International, Inc. (a) | 47,394 | 2,464,962 | |
Penn National Gaming, Inc. (a)(d) | 167,235 | 8,336,665 | |
Pinnacle Entertainment, Inc. (a) | 143,901 | 2,014,614 | |
Premier Exhibitions, Inc. (a) | 49,299 | 113,388 | |
Red Lion Hotels Corp. (a) | 40,106 | 289,164 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 45,201 | 1,938,219 | |
Rick's Cabaret International, Inc. (a) | 17,933 | 152,610 | |
Royal Caribbean Cruises Ltd. | 357,576 | 12,468,675 | |
Ruby Tuesday, Inc. (a)(d) | 132,312 | 971,170 | |
Ruth's Hospitality Group, Inc. (a)(d) | 79,897 | 723,867 | |
Scientific Games Corp. Class A (a) | 151,632 | 1,364,688 | |
| |||
Shares | Value | ||
SHFL Entertainment, Inc. (a) | 149,495 | $ 2,370,991 | |
Six Flags Entertainment Corp. | 134,637 | 8,995,098 | |
Sonic Corp. (a)(d) | 134,092 | 1,513,899 | |
Speedway Motorsports, Inc. | 37,455 | 609,018 | |
Texas Roadhouse, Inc. Class A | 141,782 | 2,742,064 | |
The Cheesecake Factory, Inc. | 138,221 | 4,787,975 | |
Town Sports International Holdings, Inc. | 44,383 | 411,430 | |
Vail Resorts, Inc. | 91,200 | 5,037,888 | |
Wendy's Co. | 820,657 | 4,669,538 | |
WMS Industries, Inc. (a) | 135,114 | 3,383,255 | |
| 232,854,104 | ||
Household Durables - 1.3% | |||
American Greetings Corp. Class A (d) | 80,329 | 1,301,330 | |
Bassett Furniture Industries, Inc. | 26,134 | 380,250 | |
Beazer Homes USA, Inc. (a)(d) | 58,949 | 917,836 | |
Blyth, Inc. (d) | 30,867 | 441,089 | |
Cavco Industries, Inc. (a)(d) | 15,629 | 705,024 | |
Cobra Electronics Corp. (a) | 2,458 | 8,259 | |
CSS Industries, Inc. | 25,514 | 612,591 | |
Dixie Group, Inc. (a) | 9,546 | 40,857 | |
Emerson Radio Corp. (a) | 24,397 | 40,255 | |
Ethan Allen Interiors, Inc. (d) | 65,707 | 1,835,854 | |
Flexsteel Industries, Inc. | 13,576 | 312,248 | |
Furniture Brands International, Inc. (a)(d) | 96,407 | 87,730 | |
Helen of Troy Ltd. (a) | 82,338 | 3,053,093 | |
Hooker Furniture Corp. (d) | 28,322 | 425,113 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 270,421 | 1,581,963 | |
iRobot Corp. (a)(d) | 70,540 | 1,512,378 | |
Jarden Corp. (d) | 195,174 | 12,122,257 | |
KB Home (d) | 199,841 | 3,735,028 | |
Kid Brands, Inc. (a) | 42,456 | 65,382 | |
Koss Corp. | 1,389 | 6,876 | |
La-Z-Boy, Inc. | 136,599 | 2,502,494 | |
Libbey, Inc. (a) | 55,448 | 1,017,471 | |
Lifetime Brands, Inc. | 17,993 | 195,584 | |
M.D.C. Holdings, Inc. | 95,439 | 3,667,721 | |
M/I Homes, Inc. (a)(d) | 59,187 | 1,355,382 | |
Meritage Homes Corp. (a)(d) | 84,822 | 3,434,443 | |
Mohawk Industries, Inc. (a) | 145,243 | 15,398,663 | |
NACCO Industries, Inc. Class A | 15,913 | 924,386 | |
NVR, Inc. (a) | 11,951 | 12,060,949 | |
Ryland Group, Inc. | 112,867 | 4,031,609 | |
Sealy Corp., Inc. (a)(d) | 239,859 | 522,893 | |
Skullcandy, Inc. (a)(d) | 35,352 | 215,647 | |
Skyline Corp. (a) | 14,802 | 67,941 | |
Standard Pacific Corp. (a)(d) | 272,235 | 2,215,993 | |
Stanley Furniture Co., Inc. (a) | 37,789 | 175,341 | |
Tempur-Pedic International, Inc. (a)(d) | 149,070 | 6,122,305 | |
Toll Brothers, Inc. (a) | 375,191 | 12,801,517 | |
TRI Pointe Homes, Inc. | 33,900 | 623,760 | |
Tupperware Brands Corp. | 142,523 | 11,149,574 | |
Universal Electronics, Inc. (a)(d) | 42,510 | 830,645 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Wells-Gardner Electronics Corp. (a) | 4,238 | $ 8,222 | |
Zagg, Inc. (a)(d) | 58,700 | 430,271 | |
| 108,938,224 | ||
Internet & Catalog Retail - 0.6% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 119,868 | 515,432 | |
Blue Nile, Inc. (a)(d) | 34,050 | 1,155,317 | |
CafePress, Inc. | 18,875 | 131,181 | |
dELiA*s, Inc. (a) | 47,804 | 49,238 | |
Gaiam, Inc. Class A (a)(d) | 35,599 | 129,580 | |
Geeknet, Inc. (a) | 16,239 | 259,986 | |
Groupon, Inc. Class A (a)(d) | 689,498 | 3,123,426 | |
Hollywood Media Corp. (a) | 72,242 | 96,082 | |
HomeAway, Inc. (a) | 87,491 | 2,580,985 | |
HSN, Inc. | 102,794 | 5,499,479 | |
Kayak Software Corp. (d) | 8,136 | 324,382 | |
Liberty Media Corp.: | |||
Interactive Series A (a) | 1,307,488 | 27,300,349 | |
Series A (a) | 72,200 | 5,212,840 | |
NutriSystem, Inc. (d) | 57,407 | 472,460 | |
Orbitz Worldwide, Inc. (a) | 57,753 | 246,028 | |
Overstock.com, Inc. (a)(d) | 32,352 | 375,930 | |
PetMed Express, Inc. | 45,901 | 580,648 | |
Shutterfly, Inc. (a) | 75,702 | 3,276,383 | |
U.S. Auto Parts Network, Inc. (a) | 28,450 | 37,270 | |
ValueVision Media, Inc. Class A (a)(d) | 73,905 | 193,631 | |
Vitacost.com, Inc. (a)(d) | 55,838 | 412,643 | |
| 51,973,270 | ||
Leisure Equipment & Products - 0.4% | |||
Arctic Cat, Inc. (a)(d) | 32,216 | 1,170,407 | |
Black Diamond, Inc. (a)(d) | 60,682 | 484,242 | |
Brunswick Corp. (d) | 226,186 | 8,242,218 | |
Callaway Golf Co. | 169,550 | 1,139,376 | |
Escalade, Inc. | 6,336 | 36,622 | |
JAKKS Pacific, Inc. (d) | 48,535 | 591,156 | |
Johnson Outdoors, Inc. Class A (a) | 11,512 | 263,395 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 119,221 | 1,021,724 | |
Marine Products Corp. | 22,297 | 149,836 | |
Meade Instruments Corp. (a) | 201 | 322 | |
Nautilus, Inc. (a) | 71,481 | 408,871 | |
Polaris Industries, Inc. | 161,373 | 14,099,159 | |
Smith & Wesson Holding Corp. (a)(d) | 163,613 | 1,562,504 | |
Steinway Musical Instruments, Inc. (a) | 17,768 | 399,069 | |
Sturm, Ruger & Co., Inc. (d) | 53,045 | 2,896,787 | |
Summer Infant, Inc. (a) | 37,416 | 75,954 | |
| 32,541,642 | ||
Media - 2.7% | |||
A.H. Belo Corp. Class A | 45,144 | 227,074 | |
AMC Networks, Inc. Class A (a) | 146,257 | 8,395,152 | |
Arbitron, Inc. | 64,979 | 3,043,616 | |
Ballantyne of Omaha, Inc. (a) | 47,765 | 172,432 | |
| |||
Shares | Value | ||
Beasley Broadcast Group, Inc. Class A (d) | 4,117 | $ 21,491 | |
Belo Corp. Series A | 257,053 | 2,220,938 | |
Carmike Cinemas, Inc. (a) | 41,423 | 648,684 | |
Central European Media Enterprises Ltd. Class A (a)(d) | 83,990 | 439,268 | |
Charter Communications, Inc. Class A (a) | 114,400 | 9,883,016 | |
Cinemark Holdings, Inc. | 254,815 | 7,083,857 | |
Clear Channel Outdoor Holding, Inc. Class A | 93,060 | 707,256 | |
Crown Media Holdings, Inc. Class A (a)(d) | 89,832 | 172,477 | |
Cumulus Media, Inc. Class A (a)(d) | 145,433 | 475,566 | |
Dex One Corp. (a) | 104,262 | 185,586 | |
Digital Cinema Destinations Co. | 8,182 | 48,928 | |
Digital Generation, Inc. (a)(d) | 69,421 | 538,013 | |
DISH Network Corp. Class A | 580,877 | 20,214,520 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 185,384 | 3,077,374 | |
E.W. Scripps Co. Class A (a) | 90,471 | 977,992 | |
Emmis Communications Corp. Class A (a) | 80,456 | 129,534 | |
Entercom Communications Corp. Class A (a)(d) | 52,600 | 395,026 | |
Entravision Communication Corp. Class A | 171,104 | 342,208 | |
FAB Universal Corp. (a)(d) | 15,525 | 54,338 | |
Fisher Communications, Inc. | 18,212 | 669,655 | |
Gray Television, Inc. (a) | 114,472 | 477,348 | |
Harris Interactive, Inc. (a) | 49,977 | 82,462 | |
Harte-Hanks, Inc. | 112,719 | 819,467 | |
Insignia Systems, Inc. (a)(d) | 22,896 | 44,189 | |
John Wiley & Sons, Inc. Class A | 127,316 | 4,657,219 | |
Journal Communications, Inc. Class A (a) | 87,795 | 480,239 | |
Lamar Advertising Co. Class A (a) | 145,198 | 6,713,956 | |
Liberty Global, Inc. Class A (a)(d) | 625,051 | 43,059,763 | |
Liberty Media Corp. Class A (a) | 284,004 | 30,672,432 | |
LIN TV Corp. Class A (a) | 76,893 | 874,273 | |
Live Nation Entertainment, Inc. (a) | 374,586 | 3,966,866 | |
Martha Stewart Living Omnimedia, Inc. Class A (a) | 61,948 | 159,206 | |
Media General, Inc. Class A (a)(d) | 50,209 | 245,522 | |
Meredith Corp. (d) | 89,189 | 3,747,722 | |
Morningstar, Inc. | 62,709 | 4,300,583 | |
National CineMedia, Inc. | 141,197 | 2,153,254 | |
Navarre Corp. (a) | 74,677 | 150,101 | |
Nexstar Broadcasting Group, Inc. Class A | 53,895 | 800,880 | |
NTN Communications, Inc. (a) | 49,847 | 10,971 | |
Outdoor Channel Holdings, Inc. | 45,301 | 338,398 | |
Pandora Media, Inc. (a)(d) | 246,406 | 3,006,153 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 89,989 | 129,584 | |
ReachLocal, Inc. (a)(d) | 35,865 | 449,388 | |
Reading International, Inc. Class A (a) | 33,132 | 182,226 | |
Regal Entertainment Group Class A (d) | 219,584 | 3,440,881 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Rentrak Corp. (a)(d) | 22,587 | $ 472,068 | |
RLJ Entertainment, Inc. (a) | 42,349 | 167,279 | |
Saga Communications, Inc. Class A | 9,540 | 418,806 | |
Salem Communications Corp. Class A | 20,080 | 126,102 | |
Scholastic Corp. (d) | 68,051 | 2,048,335 | |
Shutterstock, Inc. | 11,144 | 363,294 | |
Sinclair Broadcast Group, Inc. Class A | 127,974 | 1,801,874 | |
Sirius XM Radio, Inc. (d) | 8,343,866 | 25,865,985 | |
Spanish Broadcasting System, Inc. Class A (a) | 17,489 | 43,897 | |
SPAR Group, Inc. (a) | 4,346 | 7,997 | |
Starz - Liberty Capital Series A (a) | 281,219 | 5,219,425 | |
SuperMedia, Inc. (a)(d) | 55,648 | 224,818 | |
The Madison Square Garden Co. Class A (a) | 154,191 | 8,622,361 | |
The McClatchy Co. Class A (a)(d) | 133,924 | 348,202 | |
The New York Times Co. Class A (a) | 312,545 | 3,022,310 | |
Valassis Communications, Inc. (d) | 103,593 | 2,847,772 | |
Value Line, Inc. | 1,396 | 13,443 | |
World Wrestling Entertainment, Inc. Class A | 81,907 | 682,285 | |
| 223,383,337 | ||
Multiline Retail - 0.3% | |||
ALCO Stores, Inc. (a)(d) | 8,410 | 66,691 | |
Big Lots, Inc. (a) | 144,800 | 4,821,840 | |
Dillard's, Inc. Class A | 83,865 | 6,682,363 | |
Fred's, Inc. Class A (d) | 107,249 | 1,455,369 | |
Gordmans Stores, Inc. (a) | 23,635 | 314,582 | |
Saks, Inc. (a)(d) | 251,611 | 2,868,365 | |
Sears Holdings Corp. (a)(d) | 91,998 | 4,139,910 | |
The Bon-Ton Stores, Inc. (d) | 31,972 | 343,060 | |
Tuesday Morning Corp. (a) | 98,488 | 876,543 | |
| 21,568,723 | ||
Specialty Retail - 3.3% | |||
Aarons, Inc. Class A | 180,314 | 4,920,769 | |
Advance Auto Parts, Inc. | 185,879 | 14,190,003 | |
Aeropostale, Inc. (a)(d) | 217,864 | 2,836,589 | |
America's Car Mart, Inc. (a) | 24,361 | 1,163,481 | |
American Eagle Outfitters, Inc. | 455,789 | 9,425,717 | |
ANN, Inc. (a) | 124,977 | 3,535,599 | |
Appliance Recycling Centers of America, Inc. (a) | 2,967 | 4,213 | |
Asbury Automotive Group, Inc. (a) | 76,736 | 2,590,607 | |
Ascena Retail Group, Inc. (a) | 321,579 | 5,399,311 | |
Barnes & Noble, Inc. (a)(d) | 96,172 | 1,513,747 | |
bebe Stores, Inc. | 123,042 | 487,246 | |
Big 5 Sporting Goods Corp. | 45,760 | 713,398 | |
Body Central Corp. (a) | 37,768 | 291,191 | |
Books-A-Million, Inc. (a)(d) | 28,953 | 70,645 | |
Brown Shoe Co., Inc. (d) | 105,571 | 1,731,364 | |
Build-A-Bear Workshop, Inc. (a) | 42,241 | 210,360 | |
| |||
Shares | Value | ||
Cabela's, Inc. Class A (a) | 118,130 | $ 5,976,197 | |
Cache, Inc. (a)(d) | 37,741 | 162,286 | |
Chico's FAS, Inc. (d) | 415,690 | 7,058,416 | |
Christopher & Banks Corp. (a) | 115,035 | 695,962 | |
Citi Trends, Inc. (a) | 33,140 | 341,011 | |
Coldwater Creek, Inc. (a)(d) | 34,874 | 125,198 | |
Conn's, Inc. (a)(d) | 54,789 | 1,755,440 | |
Destination Maternity Corp. | 25,288 | 566,198 | |
Destination XL Group, Inc. (a) | 107,460 | 487,868 | |
Dick's Sporting Goods, Inc. | 245,359 | 12,267,950 | |
Dover Saddlery, Inc. (a) | 1,537 | 5,871 | |
DSW, Inc. Class A | 80,873 | 5,474,293 | |
Express, Inc. (a) | 220,196 | 4,073,626 | |
Finish Line, Inc. Class A | 125,201 | 2,267,390 | |
Five Below, Inc. (d) | 23,309 | 927,698 | |
Foot Locker, Inc. | 378,452 | 12,939,274 | |
Francescas Holdings Corp. (a)(d) | 85,644 | 2,179,640 | |
Genesco, Inc. (a) | 62,055 | 3,641,387 | |
GNC Holdings, Inc. | 195,746 | 8,025,586 | |
Group 1 Automotive, Inc. | 57,507 | 3,320,454 | |
Guess?, Inc. (d) | 149,730 | 4,146,024 | |
Hastings Entertainment, Inc. | 13,630 | 28,623 | |
Haverty Furniture Companies, Inc. | 46,862 | 859,918 | |
hhgregg, Inc. (a)(d) | 51,212 | 479,344 | |
Hibbett Sports, Inc. (a)(d) | 73,219 | 3,868,892 | |
Hot Topic, Inc. | 107,234 | 1,158,127 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 68,429 | 2,839,804 | |
Kirkland's, Inc. (a) | 44,730 | 520,657 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 52,852 | 2,172,217 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 67,415 | 3,990,294 | |
MarineMax, Inc. (a) | 54,407 | 704,571 | |
Mattress Firm Holding Corp. (a)(d) | 24,340 | 677,869 | |
Monro Muffler Brake, Inc. (d) | 74,466 | 2,758,965 | |
New York & Co., Inc. (a) | 66,787 | 287,852 | |
Office Depot, Inc. (a)(d) | 728,569 | 2,936,133 | |
OfficeMax, Inc. (d) | 212,989 | 2,549,478 | |
Pacific Sunwear of California, Inc. (a) | 152,515 | 323,332 | |
Penske Automotive Group, Inc. | 108,623 | 3,232,620 | |
Perfumania Holdings, Inc. (a) | 10,679 | 65,676 | |
Pier 1 Imports, Inc. | 278,323 | 6,253,918 | |
RadioShack Corp. (d) | 249,697 | 749,091 | |
Rent-A-Center, Inc. (d) | 153,385 | 5,564,808 | |
Restoration Hardware Holdings, Inc. (d) | 11,887 | 458,957 | |
rue21, Inc. (a) | 37,922 | 1,023,894 | |
Sally Beauty Holdings, Inc. (a) | 393,555 | 10,917,216 | |
Sears Hometown & Outlet Stores, Inc. (a) | 21,721 | 968,105 | |
Select Comfort Corp. (a)(d) | 140,605 | 2,886,621 | |
Shoe Carnival, Inc. | 42,345 | 822,763 | |
Signet Jewelers Ltd. (d) | 204,639 | 12,528,000 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 95,599 | 2,135,682 | |
Stage Stores, Inc. | 85,893 | 2,120,698 | |
Stein Mart, Inc. | 74,833 | 636,829 | |
Systemax, Inc. | 25,296 | 251,695 | |
Tandy Leather Factory, Inc. | 3,074 | 18,751 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
The Buckle, Inc. (d) | 69,005 | $ 3,092,114 | |
The Cato Corp. Class A (sub. vtg.) | 68,042 | 1,745,958 | |
The Children's Place Retail Stores, Inc. (a) | 66,414 | 3,019,180 | |
The Men's Wearhouse, Inc. | 121,263 | 3,409,916 | |
The Pep Boys - Manny, Moe & Jack (a)(d) | 127,903 | 1,423,560 | |
Tile Shop Holdings, Inc. (a)(d) | 80,742 | 1,423,481 | |
Tilly's, Inc. (a) | 23,212 | 308,255 | |
Tractor Supply Co. | 178,449 | 18,556,912 | |
Trans World Entertainment Corp. | 29,120 | 110,365 | |
Ulta Salon, Cosmetics & Fragrance, Inc. | 149,883 | 13,273,638 | |
Vitamin Shoppe, Inc. (a)(d) | 76,522 | 4,021,231 | |
West Marine, Inc. (a) | 30,261 | 378,565 | |
Wet Seal, Inc. Class A (a) | 251,975 | 740,807 | |
Williams-Sonoma, Inc. | 225,006 | 10,215,272 | |
Winmark Corp. | 5,172 | 319,733 | |
Zale Corp. (a) | 86,417 | 339,619 | |
Zumiez, Inc. (a)(d) | 62,820 | 1,438,578 | |
| 266,130,593 | ||
Textiles, Apparel & Luxury Goods - 1.2% | |||
American Apparel, Inc. (a)(d) | 88,306 | 117,447 | |
Carter's, Inc. (a) | 124,214 | 7,006,912 | |
Charles & Colvard Ltd. (a) | 24,954 | 88,836 | |
Cherokee, Inc. | 28,809 | 402,462 | |
Columbia Sportswear Co. (d) | 45,436 | 2,523,061 | |
Crocs, Inc. (a) | 232,029 | 3,517,560 | |
Crown Crafts, Inc. | 2,227 | 13,028 | |
Culp, Inc. | 19,568 | 307,413 | |
Deckers Outdoor Corp. (a)(d) | 88,109 | 3,554,317 | |
Delta Apparel, Inc. (a) | 17,128 | 280,728 | |
DGSE Companies, Inc. (a) | 6,929 | 42,267 | |
Fifth & Pacific Companies, Inc. (a)(d) | 283,485 | 5,128,244 | |
Forward Industries, Inc. (NY Shares) (a) | 18,823 | 36,893 | |
G-III Apparel Group Ltd. (a)(d) | 43,174 | 1,575,851 | |
Hanesbrands, Inc. (a) | 241,533 | 9,574,368 | |
Iconix Brand Group, Inc. (a)(d) | 168,100 | 3,970,522 | |
Joe's Jeans, Inc. (a) | 112,776 | 156,759 | |
K-Swiss, Inc. Class A (a)(d) | 60,461 | 284,771 | |
Lakeland Industries, Inc. (a) | 25,549 | 124,935 | |
Maidenform Brands, Inc. (a) | 78,925 | 1,514,571 | |
Michael Kors Holdings Ltd. (a) | 298,548 | 17,697,925 | |
Movado Group, Inc. | 44,549 | 1,605,546 | |
Oxford Industries, Inc. | 39,771 | 1,933,268 | |
Perry Ellis International, Inc. | 47,883 | 776,662 | |
Quiksilver, Inc. (a) | 310,754 | 1,942,213 | |
R.G. Barry Corp. | 22,932 | 282,981 | |
Rocky Brands, Inc. (a) | 16,536 | 228,528 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 99,983 | 2,089,645 | |
Steven Madden Ltd. (a) | 105,647 | 4,657,976 | |
Superior Uniform Group, Inc. | 5,649 | 65,811 | |
| |||
Shares | Value | ||
Tandy Brands Accessories, Inc. (a) | 1,058 | $ 751 | |
The Jones Group, Inc. | 206,755 | 2,385,953 | |
True Religion Apparel, Inc. | 71,106 | 1,897,819 | |
Tumi Holdings, Inc. (d) | 48,911 | 1,156,256 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 195,728 | 9,645,476 | |
Unifi, Inc. (a) | 45,178 | 707,487 | |
Vera Bradley, Inc. (a)(d) | 51,675 | 1,302,210 | |
Wolverine World Wide, Inc. (d) | 122,733 | 5,179,333 | |
| 93,776,785 | ||
TOTAL CONSUMER DISCRETIONARY | 1,250,409,959 | ||
CONSUMER STAPLES - 3.2% | |||
Beverages - 0.1% | |||
Boston Beer Co., Inc. Class A (a)(d) | 22,500 | 3,497,175 | |
Central European Distribution Corp. (a)(d) | 176,985 | 128,031 | |
Coca-Cola Bottling Co. CONSOLIDATED | 11,601 | 759,053 | |
Craft Brew Alliance, Inc. (a) | 22,005 | 145,453 | |
Crystal Rock Holdings, Inc. (a) | 4,384 | 4,472 | |
MGP Ingredients, Inc. | 21,690 | 89,797 | |
National Beverage Corp. | 48,005 | 642,307 | |
Primo Water Corp. (a)(d) | 43,402 | 44,270 | |
REED'S, Inc. (a)(d) | 9,804 | 40,294 | |
| 5,350,852 | ||
Food & Staples Retailing - 0.5% | |||
Andersons, Inc. | 43,673 | 2,143,471 | |
Arden Group, Inc. Class A | 3,147 | 286,755 | |
Casey's General Stores, Inc. (d) | 98,334 | 5,564,721 | |
Chefs' Warehouse Holdings (a) | 27,477 | 494,586 | |
Crumbs Bake Shop, Inc. (a)(d) | 21,400 | 54,570 | |
Fresh Market, Inc. (a) | 104,472 | 4,870,485 | |
Harris Teeter Supermarkets, Inc. | 124,584 | 5,357,112 | |
Ingles Markets, Inc. Class A | 32,319 | 664,479 | |
Nash-Finch Co. | 43,985 | 843,192 | |
Natural Grocers by Vitamin Cottage, Inc. (d) | 17,265 | 357,386 | |
PriceSmart, Inc. (d) | 45,845 | 3,399,407 | |
Rite Aid Corp. (a)(d) | 1,841,116 | 3,019,430 | |
Roundy's, Inc. (d) | 76,810 | 440,121 | |
Spartan Stores, Inc. | 52,974 | 882,547 | |
SUPERVALU, Inc. (d) | 545,406 | 2,165,262 | |
Susser Holdings Corp. (a) | 47,862 | 2,119,329 | |
The Pantry, Inc. (a) | 53,093 | 660,477 | |
United Natural Foods, Inc. (a) | 123,597 | 6,256,480 | |
Village Super Market, Inc. Class A | 10,961 | 358,973 | |
Weis Markets, Inc. | 33,559 | 1,357,797 | |
| 41,296,580 | ||
Food Products - 1.7% | |||
Alico, Inc. | 8,218 | 352,141 | |
Annie's, Inc. (d) | 27,540 | 1,155,578 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
B&G Foods, Inc. Class A | 132,996 | $ 3,910,082 | |
Boulder Brands, Inc. (a)(d) | 166,496 | 1,418,546 | |
Bunge Ltd. (d) | 370,553 | 27,461,683 | |
Cal-Maine Foods, Inc. | 32,565 | 1,318,557 | |
Calavo Growers, Inc. (d) | 37,834 | 1,065,027 | |
Chiquita Brands International, Inc. (a) | 107,864 | 669,835 | |
Coffee Holding Co., Inc. | 4,500 | 33,075 | |
Darling International, Inc. (a) | 302,429 | 5,047,540 | |
Diamond Foods, Inc. (d) | 58,739 | 912,217 | |
Dole Food Co., Inc. (a)(d) | 97,530 | 1,092,336 | |
Farmer Brothers Co. (a) | 16,489 | 209,245 | |
Flowers Foods, Inc. | 301,999 | 8,510,332 | |
Fresh Del Monte Produce, Inc. | 108,218 | 2,823,408 | |
Golden Enterprises Ltd. | 2,595 | 8,615 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 314,504 | 15,020,711 | |
Griffin Land & Nurseries, Inc. | 6,082 | 177,473 | |
Hain Celestial Group, Inc. (a)(d) | 112,553 | 6,162,277 | |
Hillshire Brands Co. | 302,402 | 9,797,825 | |
Ingredion, Inc. | 192,887 | 12,769,119 | |
Inventure Foods, Inc. (a) | 25,815 | 190,515 | |
J&J Snack Foods Corp. | 32,646 | 2,259,756 | |
John B. Sanfilippo & Son, Inc. | 24,690 | 470,591 | |
Lancaster Colony Corp. | 51,289 | 3,752,816 | |
Lifeway Foods, Inc. (d) | 13,382 | 155,900 | |
Limoneira Co. | 16,924 | 333,572 | |
Omega Protein Corp. (a) | 45,997 | 380,855 | |
Overhill Farms, Inc. (a) | 28,537 | 117,002 | |
Pilgrims Pride Corp. (a) | 158,457 | 1,396,006 | |
Post Holdings, Inc. (a) | 78,241 | 3,024,797 | |
Rocky Mountain Chocolate Factory, Inc. | 795 | 9,763 | |
S&W Seed Co. (a) | 7,560 | 67,208 | |
Sanderson Farms, Inc. | 53,062 | 2,691,835 | |
Seneca Foods Corp. Class A (a) | 22,104 | 674,614 | |
Smithfield Foods, Inc. (a) | 355,784 | 7,912,636 | |
Snyders-Lance, Inc. | 136,755 | 3,386,054 | |
Tootsie Roll Industries, Inc. (d) | 71,986 | 2,021,367 | |
TreeHouse Foods, Inc. (a) | 92,107 | 5,378,128 | |
WhiteWave Foods Co. (d) | 56,182 | 878,686 | |
| 135,017,723 | ||
Household Products - 0.5% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 119,241 | 1,040,974 | |
Church & Dwight Co., Inc. | 347,127 | 21,507,989 | |
Energizer Holdings, Inc. | 156,638 | 14,399,731 | |
Harbinger Group, Inc. (a) | 49,662 | 425,603 | |
Ocean Bio-Chem, Inc. (a) | 20,307 | 49,752 | |
Oil-Dri Corp. of America | 15,023 | 413,433 | |
Orchids Paper Products Co. | 28,220 | 618,582 | |
| |||
Shares | Value | ||
Spectrum Brands Holdings, Inc. | 58,470 | $ 3,162,642 | |
WD-40 Co. | 45,270 | 2,454,087 | |
| 44,072,793 | ||
Personal Products - 0.3% | |||
CCA Industries, Inc. | 3,083 | 13,164 | |
Cyanotech Corp. (a) | 3,808 | 16,755 | |
Elizabeth Arden, Inc. (a) | 63,196 | 2,458,324 | |
Herbalife Ltd. (d) | 275,536 | 11,101,345 | |
Inter Parfums, Inc. | 38,625 | 967,943 | |
LifeVantage Corp. (a)(d) | 307,054 | 776,847 | |
Mannatech, Inc. (a) | 1,576 | 9,062 | |
MediFast, Inc. (a)(d) | 33,601 | 778,871 | |
Natural Alternatives International, Inc. (a) | 20,104 | 97,102 | |
Nature's Sunshine Products, Inc. (d) | 23,769 | 343,700 | |
Nu Skin Enterprises, Inc. Class A (d) | 135,340 | 5,576,008 | |
Nutraceutical International Corp. | 24,021 | 393,704 | |
Prestige Brands Holdings, Inc. (a)(d) | 128,511 | 3,057,277 | |
Reliv International, Inc. | 10,690 | 12,614 | |
Revlon, Inc. (a) | 42,260 | 952,963 | |
Star Scientific, Inc. (a)(d) | 300,350 | 531,620 | |
The Female Health Co. | 51,052 | 362,469 | |
United-Guardian, Inc. | 5,269 | 103,272 | |
USANA Health Sciences, Inc. (a)(d) | 28,896 | 1,279,804 | |
| 28,832,844 | ||
Tobacco - 0.1% | |||
Alliance One International, Inc. (a)(d) | 300,348 | 1,120,298 | |
Universal Corp. (d) | 61,283 | 3,418,979 | |
Vector Group Ltd. | 134,227 | 2,154,343 | |
| 6,693,620 | ||
TOTAL CONSUMER STAPLES | 261,264,412 | ||
ENERGY - 6.6% | |||
Energy Equipment & Services - 2.9% | |||
Atwood Oceanics, Inc. (a) | 142,145 | 7,270,717 | |
Basic Energy Services, Inc. (a)(d) | 97,645 | 1,428,546 | |
Bolt Technology Corp. | 26,764 | 417,518 | |
Bristow Group, Inc. | 92,236 | 5,373,669 | |
C&J Energy Services, Inc. (a)(d) | 106,271 | 2,571,758 | |
Cal Dive International, Inc. (a)(d) | 284,336 | 514,648 | |
Carbo Ceramics, Inc. (d) | 48,910 | 4,441,028 | |
Dawson Geophysical Co. (a) | 20,415 | 630,824 | |
Dresser-Rand Group, Inc. (a) | 191,531 | 11,809,801 | |
Dril-Quip, Inc. (a) | 92,209 | 7,582,346 | |
ENGlobal Corp. (a) | 44,577 | 25,855 | |
Era Group, Inc. (a)(d) | 52,976 | 1,069,585 | |
Exterran Holdings, Inc. (a)(d) | 177,122 | 4,468,788 | |
Forbes Energy Services Ltd. (a) | 18,498 | 57,344 | |
Forum Energy Technologies, Inc. (d) | 43,209 | 1,152,816 | |
Geospace Technologies Corp. (a) | 32,986 | 3,210,198 | |
Global Geophysical Services, Inc. (a) | 59,223 | 138,582 | |
GreenHunter Energy, Inc. | 33,031 | 54,831 | |
Gulf Island Fabrication, Inc. | 36,952 | 879,827 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Gulfmark Offshore, Inc. Class A | 60,904 | $ 2,175,491 | |
Helix Energy Solutions Group, Inc. (a) | 244,902 | 5,733,156 | |
Hercules Offshore, Inc. (a) | 391,716 | 2,655,834 | |
Hornbeck Offshore Services, Inc. (a) | 78,367 | 3,330,598 | |
ION Geophysical Corp. (a)(d) | 301,102 | 1,999,317 | |
Key Energy Services, Inc. (a) | 409,435 | 3,512,952 | |
Lufkin Industries, Inc. | 85,656 | 5,548,796 | |
Matrix Service Co. (a) | 80,487 | 1,252,378 | |
McDermott International, Inc. (a) | 591,370 | 7,522,226 | |
Mitcham Industries, Inc. (a)(d) | 24,562 | 377,027 | |
Natural Gas Services Group, Inc. (a) | 25,396 | 443,414 | |
Newpark Resources, Inc. (a)(d) | 229,137 | 2,018,697 | |
Oceaneering International, Inc. | 271,671 | 17,275,559 | |
Oil States International, Inc. (a) | 137,492 | 10,470,016 | |
Parker Drilling Co. (a) | 300,835 | 1,431,975 | |
Patterson-UTI Energy, Inc. | 373,102 | 8,708,201 | |
PHI, Inc. (non-vtg.) (a)(d) | 30,743 | 969,942 | |
Pioneer Energy Services Corp. (a)(d) | 162,463 | 1,418,302 | |
RigNet, Inc. (a) | 21,464 | 421,124 | |
RPC, Inc. (d) | 172,703 | 2,794,335 | |
SEACOR Holdings, Inc. | 52,976 | 3,680,772 | |
Superior Energy Services, Inc. (a) | 396,916 | 10,498,428 | |
Tesco Corp. (a) | 79,469 | 1,010,051 | |
TETRA Technologies, Inc. (a)(d) | 232,603 | 2,146,926 | |
TGC Industries, Inc. | 33,924 | 324,653 | |
Tidewater, Inc. | 131,475 | 6,222,712 | |
Transocean Ltd. (United States) | 917,192 | 47,969,142 | |
Unit Corp. (a) | 116,878 | 5,315,611 | |
Weatherford International Ltd. (a) | 1,925,162 | 22,870,925 | |
Willbros Group, Inc. (a) | 121,921 | 822,967 | |
| 234,020,208 | ||
Oil, Gas & Consumable Fuels - 3.7% | |||
Abraxas Petroleum Corp. (a)(d) | 199,696 | 409,377 | |
Adams Resources & Energy, Inc. | 9,909 | 394,477 | |
Alon USA Energy, Inc. | 31,382 | 611,635 | |
Alpha Natural Resources, Inc. (a)(d) | 563,413 | 4,496,036 | |
Amyris, Inc. (a)(d) | 87,431 | 256,173 | |
APCO Oil and Gas International, Inc. | 35,459 | 471,605 | |
Approach Resources, Inc. (a)(d) | 79,168 | 1,959,408 | |
Arch Coal, Inc. | 541,228 | 2,830,622 | |
Barnwell Industries, Inc. (a) | 11,298 | 37,622 | |
Berry Petroleum Co. Class A | 117,462 | 5,376,236 | |
Bill Barrett Corp. (a)(d) | 119,719 | 2,160,928 | |
BioFuel Energy Corp. (a)(d) | 12,280 | 62,014 | |
Bonanza Creek Energy, Inc. (a) | 58,252 | 1,970,665 | |
BPZ Energy, Inc. (a)(d) | 231,220 | 568,801 | |
Callon Petroleum Co. (a)(d) | 102,790 | 554,038 | |
Carrizo Oil & Gas, Inc. (a)(d) | 88,923 | 2,088,801 | |
Ceres, Inc. | 5,147 | 20,639 | |
Cheniere Energy, Inc. (a) | 562,001 | 11,970,621 | |
Cimarex Energy Co. | 218,261 | 14,691,148 | |
| |||
Shares | Value | ||
Clayton Williams Energy, Inc. (a) | 25,327 | $ 1,005,482 | |
Clean Energy Fuels Corp. (a)(d) | 162,673 | 2,046,426 | |
Cloud Peak Energy, Inc. (a)(d) | 159,111 | 2,727,163 | |
Cobalt International Energy, Inc. (a)(d) | 446,399 | 11,012,663 | |
Comstock Resources, Inc. (a)(d) | 114,751 | 1,620,284 | |
Concho Resources, Inc. (a) | 263,596 | 23,713,096 | |
Contango Oil & Gas Co. | 35,742 | 1,385,360 | |
Continental Resources, Inc. (a)(d) | 144,329 | 12,700,952 | |
Crimson Exploration, Inc. (a) | 84,713 | 273,623 | |
Crosstex Energy, Inc. | 142,544 | 2,376,208 | |
Cubic Energy, Inc. (a)(d) | 119,177 | 26,493 | |
CVR Energy, Inc. | 38,340 | 2,153,941 | |
Delek US Holdings, Inc. | 42,880 | 1,601,997 | |
DHT Holdings, Inc. | 11,700 | 50,310 | |
Diamondback Energy, Inc. (d) | 38,063 | 864,411 | |
Double Eagle Petroleum Co. (a) | 27,291 | 128,541 | |
Earthstone Energy, Inc. (a)(d) | 4,213 | 69,304 | |
Emerald Oil, Inc. (a) | 48,770 | 336,513 | |
Endeavour International Corp. (a)(d) | 95,560 | 241,767 | |
Energen Corp. | 188,178 | 8,701,351 | |
EPL Oil & Gas, Inc. (a) | 91,044 | 2,342,562 | |
Evolution Petroleum Corp. (a) | 37,375 | 383,094 | |
EXCO Resources, Inc. (d) | 395,728 | 2,627,634 | |
FieldPoint Petroleum Corp. (a) | 9,981 | 40,623 | |
FieldPoint Petroleum Corp. warrants 3/23/18 (a) | 9,981 | 8,137 | |
Forest Oil Corp. (a) | 278,186 | 1,613,479 | |
FX Energy, Inc. (a) | 112,401 | 396,776 | |
Gasco Energy, Inc. (a) | 467,214 | 27,098 | |
Gastar Exploration Ltd. (a) | 112,646 | 129,543 | |
Gevo, Inc. (a)(d) | 47,994 | 95,028 | |
GMX Resources, Inc. (a)(d) | 15,240 | 36,728 | |
Goodrich Petroleum Corp. (a)(d) | 60,895 | 784,937 | |
Green Plains Renewable Energy, Inc. (a)(d) | 73,502 | 696,064 | |
Gulfport Energy Corp. (a) | 169,441 | 6,938,609 | |
Halcon Resources Corp. (a)(d) | 288,868 | 2,050,963 | |
Hallador Energy Co. | 5,608 | 45,537 | |
Harvest Natural Resources, Inc. (a)(d) | 96,350 | 521,254 | |
HollyFrontier Corp. | 515,913 | 28,994,311 | |
Houston American Energy Corp. (a)(d) | 98,796 | 22,723 | |
Hyperdynamics Corp. (a)(d) | 455,532 | 236,922 | |
Isramco, Inc. (a)(d) | 2,413 | 238,115 | |
James River Coal Co. (a)(d) | 81,117 | 214,960 | |
KiOR, Inc. Class A (a)(d) | 28,186 | 155,305 | |
Kodiak Oil & Gas Corp. (a)(d) | 642,473 | 5,718,010 | |
Laredo Petroleum Holdings, Inc. (a)(d) | 62,382 | 1,069,227 | |
Lucas Energy, Inc. (a)(d) | 25,312 | 32,399 | |
Magellan Petroleum Corp. (a) | 109,622 | 119,488 | |
Magnum Hunter Resources Corp. (a)(d) | 378,880 | 1,466,266 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 19,383 | 2,520 | |
Matador Resources Co. (d) | 94,182 | 735,561 | |
McMoRan Exploration Co. (a)(d) | 277,068 | 4,458,024 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Mexco Energy Corp. (a) | 2,175 | $ 11,789 | |
Midstates Petroleum Co., Inc. | 73,408 | 547,624 | |
Miller Energy Resources, Inc. (a)(d) | 137,671 | 539,670 | |
Northern Oil & Gas, Inc. (a)(d) | 167,032 | 2,290,009 | |
Oasis Petroleum, Inc. (a)(d) | 176,586 | 6,480,706 | |
Pacific Ethanol, Inc. (a)(d) | 346,705 | 133,481 | |
Panhandle Royalty Co. Class A | 15,804 | 430,501 | |
PBF Energy, Inc. Class A | 60,771 | 2,537,189 | |
PDC Energy, Inc. (a) | 74,456 | 3,472,628 | |
Penn Virginia Corp. | 140,473 | 571,725 | |
Petroquest Energy, Inc. (a) | 165,233 | 634,495 | |
Plains Exploration & Production Co. (a) | 328,370 | 14,898,147 | |
PostRock Energy Corp. (a) | 17,510 | 36,246 | |
PrimeEnergy Corp. (a) | 1,965 | 53,979 | |
Pyramid Oil Co. (a) | 7,060 | 29,723 | |
Quicksilver Resources, Inc. (a)(d) | 274,950 | 511,407 | |
Recovery Energy, Inc. (a)(d) | 5,111 | 9,455 | |
Renewable Energy Group, Inc. (a) | 39,459 | 291,602 | |
Rentech, Inc. | 686,373 | 1,873,798 | |
Resolute Energy Corp. (a) | 183,571 | 1,868,753 | |
Rex American Resources Corp. (a) | 16,822 | 388,588 | |
Rex Energy Corp. (a)(d) | 105,157 | 1,417,516 | |
Rosetta Resources, Inc. (a) | 129,652 | 6,311,459 | |
Royale Energy, Inc. (a)(d) | 11,555 | 28,079 | |
Sanchez Energy Corp. (a)(d) | 28,101 | 520,150 | |
SandRidge Energy, Inc. (a)(d) | 952,892 | 5,431,484 | |
Saratoga Resources, Inc. (a) | 25,695 | 77,342 | |
SemGroup Corp. Class A (a) | 103,499 | 4,770,269 | |
SM Energy Co. | 168,229 | 9,737,095 | |
Solazyme, Inc. (a)(d) | 103,823 | 906,375 | |
Stone Energy Corp. (a) | 126,417 | 2,585,228 | |
Swift Energy Co. (a) | 108,758 | 1,470,408 | |
Synergy Resources Corp. (a) | 110,813 | 734,690 | |
Syntroleum Corp. (a)(d) | 166,427 | 75,724 | |
Targa Resources Corp. | 89,113 | 5,435,893 | |
Teekay Corp. | 95,965 | 3,329,986 | |
Tengasco, Inc. (a) | 63,216 | 42,323 | |
Ultra Petroleum Corp. (a)(d) | 389,054 | 6,637,261 | |
Uranium Energy Corp. (a)(d) | 202,850 | 468,584 | |
Uranium Resources, Inc. (a)(d) | 18,657 | 50,374 | |
US Energy Corp. (a) | 91,127 | 159,472 | |
USEC, Inc. (a)(d) | 388,801 | 186,624 | |
VAALCO Energy, Inc. (a)(d) | 143,600 | 1,164,596 | |
Verenium Corp. (a)(d) | 32,819 | 80,078 | |
W&T Offshore, Inc. (d) | 102,777 | 1,527,266 | |
Warren Resources, Inc. (a) | 175,353 | 459,425 | |
Western Refining, Inc. (d) | 142,982 | 5,131,624 | |
Westmoreland Coal Co. (a)(d) | 24,842 | 260,841 | |
Whiting Petroleum Corp. (a) | 298,141 | 14,519,467 | |
World Fuel Services Corp. | 182,117 | 6,925,910 | |
| |||
Shares | Value | ||
ZaZa Energy Corp. (a)(d) | 66,207 | $ 105,269 | |
Zion Oil & Gas, Inc. (a)(d) | 112,487 | 134,984 | |
| 304,465,939 | ||
TOTAL ENERGY | 538,486,147 | ||
FINANCIALS - 22.8% | |||
Capital Markets - 1.6% | |||
Affiliated Managers Group, Inc. (a) | 127,332 | 18,619,758 | |
Arlington Asset Investment Corp. | 26,330 | 679,314 | |
Artio Global Investors, Inc. Class A | 122,626 | 333,543 | |
BGC Partners, Inc. Class A | 255,991 | 1,093,082 | |
Calamos Asset Management, Inc. Class A | 47,935 | 535,913 | |
CIFI Corp. (a) | 13,714 | 116,020 | |
Cohen & Steers, Inc. (d) | 46,427 | 1,530,698 | |
Cowen Group, Inc. Class A (a) | 250,464 | 653,711 | |
Diamond Hill Investment Group, Inc. | 6,707 | 503,159 | |
Duff & Phelps Corp. Class A | 67,634 | 1,051,032 | |
Eaton Vance Corp. (non-vtg.) (d) | 287,882 | 10,994,214 | |
Epoch Holding Corp. | 41,730 | 1,166,354 | |
Evercore Partners, Inc. Class A | 66,506 | 2,706,794 | |
FBR Capital Markets Corp. (a) | 35,461 | 626,241 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 237,860 | 5,523,109 | |
Financial Engines, Inc. (d) | 120,148 | 3,926,437 | |
FirstCity Financial Corp. (a) | 16,400 | 161,376 | |
FXCM, Inc. Class A (d) | 59,081 | 776,915 | |
GAMCO Investors, Inc. Class A | 14,987 | 801,805 | |
GFI Group, Inc. | 188,467 | 661,519 | |
Gleacher & Co., Inc. (a) | 185,336 | 108,792 | |
Greenhill & Co., Inc. | 65,068 | 3,954,833 | |
HFF, Inc. | 86,273 | 1,583,972 | |
ICG Group, Inc. (a) | 113,828 | 1,483,179 | |
Institutional Financial Markets, Inc. | 16,813 | 46,236 | |
INTL FCStone, Inc. (a)(d) | 36,432 | 649,947 | |
Investment Technology Group, Inc. (a) | 111,776 | 1,353,607 | |
Janus Capital Group, Inc. (d) | 466,069 | 4,315,799 | |
JMP Group, Inc. | 44,707 | 266,007 | |
Knight Capital Group, Inc. Class A (a) | 218,742 | 809,345 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 282,944 | 367,827 | |
LPL Financial | 108,618 | 3,424,726 | |
Manning & Napier, Inc. | 28,565 | 426,761 | |
Medallion Financial Corp. | 52,498 | 682,474 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 32,675 | 617,558 | |
Piper Jaffray Companies (a) | 44,362 | 1,711,042 | |
Pzena Investment Management, Inc. | 13,002 | 81,783 | |
Raymond James Financial, Inc. | 278,271 | 12,210,531 | |
Safeguard Scientifics, Inc. (a) | 52,134 | 789,309 | |
SEI Investments Co. | 345,205 | 9,758,945 | |
Stifel Financial Corp. (a)(d) | 146,990 | 5,077,035 | |
SWS Group, Inc. (a) | 80,179 | 513,947 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
TD Ameritrade Holding Corp. | 575,266 | $ 10,935,807 | |
Teton Advisors, Inc. (a) | 145 | 2,755 | |
U.S. Global Investments, Inc. Class A | 36,632 | 139,202 | |
Virtus Investment Partners, Inc. (a) | 15,774 | 2,650,190 | |
Waddell & Reed Financial, Inc. Class A | 213,366 | 8,752,273 | |
Walter Investment Management Corp. (a) | 88,099 | 4,045,506 | |
Westwood Holdings Group, Inc. | 13,202 | 545,903 | |
WisdomTree Investments, Inc. (a) | 144,563 | 1,315,523 | |
| 131,081,808 | ||
Commercial Banks - 4.4% | |||
1st Source Corp. | 36,261 | 854,309 | |
1st United Bancorp, Inc. | 67,638 | 411,239 | |
Access National Corp. | 15,817 | 251,648 | |
ACNB Corp. | 11,654 | 192,990 | |
Alliance Financial Corp. | 11,655 | 518,065 | |
Ameriana Bancorp | 2,223 | 19,340 | |
American National Bankshares, Inc. | 18,331 | 370,836 | |
American River Bankshares (a) | 3,552 | 26,249 | |
Ameris Bancorp (a)(d) | 51,389 | 713,279 | |
AmeriServ Financial, Inc. (a) | 14,728 | 43,595 | |
Ames National Corp. | 16,110 | 333,477 | |
Arrow Financial Corp. (d) | 30,885 | 748,652 | |
Associated Banc-Corp. | 434,355 | 6,250,368 | |
Auburn National Bancorp., Inc. | 2,289 | 49,328 | |
BancFirst Corp. | 20,263 | 811,331 | |
Bancorp, Inc., Delaware (a) | 83,875 | 1,071,084 | |
BancorpSouth, Inc. | 226,260 | 3,461,778 | |
Bank of Hawaii Corp. | 113,009 | 5,468,506 | |
Bank of Kentucky Financial Corp. | 10,625 | 283,900 | |
Bank of Marin Bancorp | 13,108 | 492,730 | |
Bank of the Ozarks, Inc. | 76,156 | 2,923,629 | |
BankUnited, Inc. | 120,706 | 3,423,222 | |
Banner Bank | 46,766 | 1,389,418 | |
Bar Harbor Bankshares | 9,461 | 337,285 | |
BBCN Bancorp, Inc. | 204,648 | 2,533,542 | |
BCB Bancorp, Inc. (d) | 9,297 | 89,065 | |
Berkshire Bancorp, Inc. | 4,024 | 32,514 | |
BNC Bancorp (d) | 53,487 | 474,965 | |
BOK Financial Corp. | 75,755 | 4,502,120 | |
Boston Private Financial Holdings, Inc. | 194,595 | 1,776,652 | |
Bridge Bancorp, Inc. | 17,303 | 364,401 | |
Bridge Capital Holdings (a)(d) | 18,425 | 280,429 | |
Bryn Mawr Bank Corp. | 22,784 | 522,665 | |
BSB Bancorp, Inc. (a) | 19,579 | 258,443 | |
C & F Financial Corp. | 4,436 | 177,218 | |
Camden National Corp. | 16,328 | 553,356 | |
Capital Bank Financial Corp.: | |||
rights (a) | 10,774 | 0 | |
Series A | 31,264 | 578,384 | |
Capital City Bank Group, Inc. (a)(d) | 33,531 | 383,930 | |
CapitalSource, Inc. | 542,964 | 4,886,676 | |
| |||
Shares | Value | ||
Cardinal Financial Corp. | 76,699 | $ 1,221,815 | |
Cascade Bancorp (a)(d) | 30,976 | 186,785 | |
Cathay General Bancorp | 187,984 | 3,663,808 | |
Center Bancorp, Inc. | 24,871 | 308,400 | |
Centerstate Banks of Florida, Inc. | 66,005 | 559,062 | |
Central Pacific Financial Corp. (a) | 62,658 | 970,572 | |
Century Bancorp, Inc. Class A (non-vtg.) | 7,814 | 257,862 | |
Chemical Financial Corp. | 64,828 | 1,587,638 | |
CIT Group, Inc. (a) | 510,977 | 21,389,497 | |
Citizens & Northern Corp. | 30,086 | 586,677 | |
Citizens Holding Co. | 2,280 | 42,978 | |
Citizens Republic Bancorp, Inc. (a) | 109,418 | 2,254,011 | |
City Holding Co. (d) | 37,157 | 1,408,993 | |
City National Corp. (d) | 121,008 | 6,874,464 | |
CNB Financial Corp., Pennsylvania | 24,450 | 411,983 | |
CoBiz, Inc. | 133,405 | 1,105,927 | |
Colony Bankcorp, Inc. (a) | 4,518 | 24,216 | |
Columbia Banking Systems, Inc. | 105,592 | 2,111,840 | |
Commerce Bancshares, Inc. | 225,326 | 8,582,667 | |
Community Bank System, Inc. | 114,684 | 3,310,927 | |
Community Partners Bancorp (a) | 1,393 | 9,041 | |
Community Trust Bancorp, Inc. | 35,364 | 1,206,973 | |
Crescent Financial Bancshares, Inc. (a)(d) | 5,656 | 23,472 | |
CU Bancorp (a) | 16,798 | 206,615 | |
Cullen/Frost Bankers, Inc. | 156,785 | 9,494,900 | |
CVB Financial Corp. | 241,074 | 2,555,384 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 47,604 | 1,033,007 | |
East West Bancorp, Inc. | 360,287 | 8,863,060 | |
Eastern Virginia Bankshares, Inc. (a) | 3,012 | 20,150 | |
Enterprise Bancorp, Inc. | 14,913 | 236,968 | |
Enterprise Financial Services Corp. | 42,722 | 597,254 | |
Farmers Capital Bank Corp. (a) | 9,906 | 164,935 | |
Farmers National Banc Corp. | 41,229 | 257,681 | |
Fidelity Southern Corp. | 15,121 | 167,843 | |
Financial Institutions, Inc. | 28,782 | 573,625 | |
First Bancorp, North Carolina | 37,879 | 505,306 | |
First Bancorp, Puerto Rico (a)(d) | 186,883 | 1,022,250 | |
First Busey Corp. | 193,866 | 872,397 | |
First California Financial Group, Inc. (a) | 58,547 | 470,718 | |
First Citizen Bancshares, Inc. | 16,304 | 2,927,383 | |
First Commonwealth Financial Corp. | 257,750 | 1,873,843 | |
First Community Bancshares, Inc. | 36,337 | 567,584 | |
First Connecticut Bancorp, Inc. | 29,557 | 422,961 | |
First Financial Bancorp, Ohio | 145,167 | 2,225,410 | |
First Financial Bankshares, Inc. (d) | 91,048 | 4,060,741 | |
First Financial Corp., Indiana | 28,823 | 886,307 | |
First Financial Service Corp. (a) | 745 | 2,391 | |
First Interstate Bancsystem, Inc. | 45,208 | 825,950 | |
First M&F Corp. | 16,637 | 228,093 | |
First Merchants Corp. | 61,527 | 914,906 | |
First Midwest Bancorp, Inc., Delaware | 197,088 | 2,463,600 | |
First Niagara Financial Group, Inc. | 919,163 | 7,518,753 | |
First of Long Island Corp. | 17,771 | 507,717 | |
First Republic Bank | 180,988 | 6,597,013 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Security Group, Inc. (a)(d) | 1,070 | $ 3,167 | |
First South Bancorp, Inc., Virginia (a) | 39,689 | 255,994 | |
First United Corp. (a) | 14,602 | 117,108 | |
Firstbank Corp., Michigan | 8,342 | 106,861 | |
FirstMerit Corp. (d) | 283,408 | 4,285,129 | |
FNB Corp., Pennsylvania | 351,107 | 3,988,576 | |
FNB United Corp. (a)(d) | 21,639 | 219,852 | |
Fulton Financial Corp. (d) | 517,887 | 5,878,017 | |
German American Bancorp, Inc. | 31,184 | 678,564 | |
Glacier Bancorp, Inc. | 185,261 | 3,230,952 | |
Great Southern Bancorp, Inc. | 21,585 | 518,256 | |
Guaranty Bancorp (a) | 135,393 | 273,494 | |
Hampton Roads Bankshares, Inc. (a)(d) | 275,254 | 363,335 | |
Hancock Holding Co. | 222,176 | 6,709,715 | |
Hanmi Financial Corp. (a) | 83,202 | 1,413,602 | |
Hawthorn Bancshares, Inc. | 6,721 | 68,218 | |
Heartland Financial USA, Inc. | 33,115 | 779,527 | |
Heritage Commerce Corp. (a) | 57,846 | 391,039 | |
Heritage Financial Corp., Washington | 35,332 | 489,348 | |
Heritage Oaks Bancorp (a) | 40,793 | 229,257 | |
Home Bancshares, Inc. | 63,686 | 2,155,771 | |
HomeTrust Bancshares, Inc. | 50,414 | 778,896 | |
Horizon Bancorp Industries | 16,035 | 325,190 | |
Hudson Valley Holding Corp. | 41,056 | 623,230 | |
IBERIABANK Corp. | 79,678 | 3,999,836 | |
Independent Bank Corp. (a) | 22,677 | 134,021 | |
Independent Bank Corp., Massachusetts (d) | 56,913 | 1,803,573 | |
International Bancshares Corp. | 140,193 | 2,838,908 | |
Intervest Bancshares Corp. Class A (a) | 36,027 | 195,627 | |
Investors Bancorp, Inc. | 127,475 | 2,252,483 | |
Lakeland Bancorp, Inc. | 63,849 | 613,589 | |
Lakeland Financial Corp. | 39,911 | 986,600 | |
Macatawa Bank Corp. (a)(d) | 64,065 | 313,278 | |
MainSource Financial Group, Inc. | 47,324 | 662,536 | |
MB Financial, Inc. | 138,719 | 3,289,027 | |
MBT Financial Corp. (a)(d) | 11,242 | 40,808 | |
Mercantile Bank Corp. | 19,339 | 322,188 | |
Merchants Bancshares, Inc. | 14,012 | 404,106 | |
Metro Bancorp, Inc. (a) | 42,825 | 713,036 | |
Metrocorp Bancshares, Inc. (a) | 35,019 | 362,096 | |
Middleburg Financial Corp. | 14,592 | 298,260 | |
Midsouth Bancorp, Inc. | 24,320 | 371,366 | |
MidWestOne Financial Group, Inc. | 16,620 | 381,928 | |
Monarch Financial Holdings, Inc. | 10,098 | 102,495 | |
National Bank Holdings Corp. | 22,033 | 398,577 | |
National Bankshares, Inc. (d) | 16,169 | 545,542 | |
National Penn Bancshares, Inc. | 324,982 | 3,184,824 | |
NBT Bancorp, Inc. | 110,024 | 2,251,091 | |
NewBridge Bancorp (a) | 34,468 | 202,672 | |
North Valley Bancorp (a) | 6,149 | 104,349 | |
| |||
Shares | Value | ||
Northeast Bancorp (d) | 15,002 | $ 150,020 | |
Northrim Bancorp, Inc. | 12,118 | 263,445 | |
Norwood Financial Corp. | 2,777 | 85,948 | |
OBA Financial Services, Inc. (a) | 5,103 | 94,967 | |
Ohio Valley Banc Corp. | 7,485 | 140,344 | |
Old National Bancorp, Indiana | 271,566 | 3,666,141 | |
Old Second Bancorp, Inc. (a)(d) | 34,774 | 118,232 | |
OmniAmerican Bancorp, Inc. (a) | 23,607 | 615,198 | |
Oriental Financial Group, Inc. (d) | 124,525 | 1,906,478 | |
Orrstown Financial Services, Inc. (a) | 18,291 | 258,818 | |
Pacific Continental Corp. | 43,214 | 459,365 | |
Pacific Mercantile Bancorp (a) | 19,877 | 118,467 | |
Pacific Premier Bancorp, Inc. (a) | 30,836 | 369,107 | |
PacWest Bancorp | 89,269 | 2,439,722 | |
Park National Corp. (d) | 38,738 | 2,555,933 | |
Park Sterling Corp. (a) | 124,780 | 708,750 | |
Patriot National Bancorp, Inc. (a) | 14,022 | 21,313 | |
Peapack-Gladstone Financial Corp. | 17,211 | 253,518 | |
Penns Woods Bancorp, Inc. | 10,096 | 408,585 | |
Peoples Bancorp of North Carolina | 1,842 | 19,802 | |
Peoples Bancorp, Inc. | 20,106 | 435,697 | |
Peoples Financial Corp., Mississippi | 7,232 | 86,929 | |
Pinnacle Financial Partners, Inc. (a)(d) | 92,448 | 2,007,046 | |
Popular, Inc. (a) | 263,052 | 7,344,412 | |
Porter Bancorp, Inc. (a) | 3,733 | 3,696 | |
Preferred Bank, Los Angeles (a) | 20,724 | 334,071 | |
Premier Financial Bancorp, Inc. | 6,092 | 70,972 | |
PremierWest Bancorp (a)(d) | 17,140 | 27,767 | |
PrivateBancorp, Inc. | 171,662 | 3,074,466 | |
Prosperity Bancshares, Inc. | 114,624 | 5,288,751 | |
QCR Holdings, Inc. | 6,005 | 98,122 | |
Renasant Corp. | 64,084 | 1,410,489 | |
Republic Bancorp, Inc., Kentucky Class A | 25,708 | 556,321 | |
Republic First Bancorp, Inc. (a) | 44,636 | 116,500 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 6,704 | 9,587 | |
Rurban Financial Corp. | 532 | 4,522 | |
S&T Bancorp, Inc. | 77,320 | 1,396,399 | |
S.Y. Bancorp, Inc. | 30,337 | 687,133 | |
Sandy Spring Bancorp, Inc. | 57,184 | 1,107,082 | |
SCBT Financial Corp. (d) | 40,684 | 1,937,372 | |
Seacoast Banking Corp., Florida (a) | 235,806 | 485,760 | |
Shore Bancshares, Inc. | 20,686 | 138,182 | |
Sierra Bancorp | 31,765 | 402,145 | |
Signature Bank (a)(d) | 120,591 | 8,956,294 | |
Simmons First National Corp. Class A | 36,954 | 929,024 | |
Southern National Bancorp of Virginia, Inc. | 12,282 | 116,065 | |
Southside Bancshares, Inc. (d) | 40,257 | 860,292 | |
Southwest Bancorp, Inc., Oklahoma (a) | 44,454 | 577,457 | |
State Bank Financial Corp. | 77,039 | 1,224,920 | |
StellarOne Corp. | 55,996 | 861,778 | |
Sterling Bancorp, New York | 87,827 | 893,201 | |
Sterling Financial Corp. | 93,198 | 1,973,934 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Suffolk Bancorp (a) | 25,339 | $ 356,773 | |
Summit Financial Group, Inc. (a) | 1,800 | 12,240 | |
Sun Bancorp, Inc., New Jersey (a) | 136,043 | 489,755 | |
Susquehanna Bancshares, Inc. | 475,630 | 5,531,577 | |
SVB Financial Group (a) | 112,421 | 7,538,952 | |
Synovus Financial Corp. | 2,047,475 | 5,200,587 | |
Taylor Capital Group, Inc. (a) | 36,427 | 602,138 | |
TCF Financial Corp. (d) | 430,037 | 5,908,708 | |
Texas Capital Bancshares, Inc. (a)(d) | 102,751 | 4,342,257 | |
The First Bancorp, Inc. | 21,478 | 372,214 | |
Tompkins Financial Corp. | 33,792 | 1,400,003 | |
TowneBank (d) | 71,193 | 1,035,146 | |
Trico Bancshares | 35,094 | 598,353 | |
Trustmark Corp. | 173,638 | 3,976,310 | |
UMB Financial Corp. | 90,172 | 4,110,941 | |
Umpqua Holdings Corp. | 308,713 | 3,874,348 | |
Union Bankshares, Inc. | 388 | 7,962 | |
Union/First Market Bankshares Corp. | 55,751 | 1,011,881 | |
United Bancorp, Inc. | 370 | 2,409 | |
United Bankshares, Inc., West Virginia (d) | 132,968 | 3,457,168 | |
United Community Banks, Inc., Georgia (a) | 127,900 | 1,377,483 | |
United Security Bancshares, Inc. (a) | 8,545 | 64,344 | |
United Security Bancshares, California (d) | 7,488 | 28,604 | |
Univest Corp. of Pennsylvania | 38,304 | 635,463 | |
Valley National Bancorp (d) | 489,100 | 4,905,673 | |
Virginia Commerce Bancorp, Inc. (a) | 67,965 | 921,605 | |
Washington Banking Co., Oak Harbor | 41,106 | 564,796 | |
Washington Trust Bancorp, Inc. | 35,763 | 945,574 | |
Webster Financial Corp. | 219,584 | 4,835,240 | |
WesBanco, Inc. | 70,247 | 1,643,077 | |
West Bancorp., Inc. | 28,408 | 314,477 | |
West Coast Bancorp | 46,944 | 1,103,184 | |
Westamerica Bancorp. (d) | 70,836 | 3,134,493 | |
Western Alliance Bancorp. (a)(d) | 209,617 | 2,787,906 | |
Wilshire Bancorp, Inc. (a) | 144,206 | 846,489 | |
Wintrust Financial Corp. | 99,831 | 3,643,832 | |
Xenith Bankshares, Inc. (a) | 17,541 | 91,739 | |
Yadkin Valley Financial Corp. (a) | 16,970 | 66,862 | |
| 361,491,987 | ||
Consumer Finance - 0.4% | |||
Asset Acceptance Capital Corp. (a) | 28,119 | 148,187 | |
Asta Funding, Inc. | 25,295 | 243,338 | |
Atlanticus Holdings Corp. (a)(d) | 33,601 | 108,867 | |
Cash America International, Inc. (d) | 70,968 | 3,593,820 | |
Consumer Portfolio Services, Inc. (a) | 25,388 | 209,451 | |
Credit Acceptance Corp. (a)(d) | 25,878 | 2,860,295 | |
DFC Global Corp. (a) | 103,533 | 1,933,996 | |
Encore Capital Group, Inc. (a)(d) | 59,733 | 1,765,110 | |
| |||
Shares | Value | ||
EZCORP, Inc. (non-vtg.) Class A (a) | 123,643 | $ 2,556,937 | |
First Cash Financial Services, Inc. (a) | 76,532 | 4,049,308 | |
First Marblehead Corp. (a)(d) | 159,362 | 139,920 | |
Green Dot Corp. Class A (a)(d) | 50,635 | 709,903 | |
Imperial Holdings, Inc. (a) | 53,799 | 215,196 | |
Nelnet, Inc. Class A | 66,805 | 2,216,590 | |
Netspend Holdings, Inc. (a)(d) | 69,646 | 1,103,889 | |
Portfolio Recovery Associates, Inc. (a)(d) | 42,803 | 5,004,741 | |
QC Holdings, Inc. | 15,915 | 51,883 | |
Regional Management Corp. | 1,398 | 25,108 | |
World Acceptance Corp. (a)(d) | 40,711 | 3,203,956 | |
| 30,140,495 | ||
Diversified Financial Services - 0.4% | |||
California First National Bancorp | 1,545 | 23,762 | |
Catskill Litigation Trust (a) | 1,036 | 0 | |
CBOE Holdings, Inc. | 232,203 | 8,340,732 | |
Gain Capital Holdings, Inc. | 22,236 | 98,728 | |
Interactive Brokers Group, Inc. | 101,943 | 1,499,582 | |
Life Partners Holdings, Inc. (d) | 51,198 | 203,768 | |
MarketAxess Holdings, Inc. | 97,186 | 3,796,085 | |
Marlin Business Services Corp. | 22,984 | 435,547 | |
MicroFinancial, Inc. | 17,898 | 131,908 | |
MSCI, Inc. Class A (a) | 312,542 | 10,354,516 | |
NCP Litigation Trust (a) | 200 | 0 | |
NewStar Financial, Inc. (a)(d) | 69,745 | 943,650 | |
PHH Corp. (a)(d) | 138,178 | 2,903,120 | |
PICO Holdings, Inc. (a)(d) | 53,727 | 1,155,668 | |
Resource America, Inc. Class A | 23,799 | 212,049 | |
Vector Capital Corp. rights (a) | 49,572 | 1 | |
| 30,099,116 | ||
Insurance - 4.3% | |||
Alleghany Corp. | 43,001 | 16,248,788 | |
Allied World Assurance Co. Holdings Ltd. | 89,522 | 7,860,927 | |
American Equity Investment Life Holding Co. (d) | 143,289 | 1,988,851 | |
American Financial Group, Inc. | 210,353 | 9,247,118 | |
American National Insurance Co. | 30,161 | 2,424,040 | |
American Safety Insurance Group Ltd. (a)(d) | 25,797 | 594,105 | |
Amerisafe, Inc. (d) | 44,533 | 1,452,666 | |
Amtrust Financial Services, Inc. | 73,829 | 2,454,814 | |
Arch Capital Group Ltd. (a)(d) | 343,384 | 16,867,022 | |
Argo Group International Holdings, Ltd. | 71,874 | 2,729,775 | |
Arthur J. Gallagher & Co. | 302,872 | 11,654,515 | |
Aspen Insurance Holdings Ltd. | 176,910 | 6,343,993 | |
Assured Guaranty Ltd. | 493,774 | 9,218,761 | |
Axis Capital Holdings Ltd. | 311,323 | 12,680,186 | |
Baldwin & Lyons, Inc. Class B | 20,123 | 468,665 | |
Brown & Brown, Inc. | 293,863 | 8,815,890 | |
Citizens, Inc. Class A (a)(d) | 96,952 | 890,989 | |
CNA Financial Corp. | 99,168 | 3,127,759 | |
CNO Financial Group, Inc. | 574,934 | 6,289,778 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Crawford & Co. Class B | 69,141 | $ 571,105 | |
Donegal Group, Inc. Class A | 26,385 | 380,472 | |
Eastern Insurance Holdings, Inc. | 16,085 | 299,503 | |
eHealth, Inc. (a) | 59,193 | 919,267 | |
EMC Insurance Group | 12,011 | 309,163 | |
Employers Holdings, Inc. | 110,478 | 2,321,143 | |
Endurance Specialty Holdings Ltd. | 106,872 | 4,706,643 | |
Enstar Group Ltd. (a)(d) | 23,037 | 2,887,458 | |
Erie Indemnity Co. Class A | 66,247 | 4,849,280 | |
Everest Re Group Ltd. | 128,969 | 16,070,827 | |
FBL Financial Group, Inc. Class A | 35,194 | 1,278,950 | |
Federated National Holding Co. | 8,797 | 50,055 | |
Fidelity National Financial, Inc. Class A | 535,365 | 13,352,003 | |
First Acceptance Corp. (a) | 24,679 | 28,381 | |
First American Financial Corp. | 270,026 | 6,558,932 | |
Fortegra Financial Corp. (a) | 15,197 | 137,533 | |
Global Indemnity PLC (a) | 37,631 | 869,276 | |
Greenlight Capital Re, Ltd. (a) | 72,640 | 1,741,907 | |
Hallmark Financial Services, Inc. (a) | 27,548 | 249,585 | |
Hanover Insurance Group, Inc. | 117,027 | 4,994,712 | |
HCC Insurance Holdings, Inc. | 266,229 | 10,649,160 | |
Health Insurance Innovations | 12,600 | 157,374 | |
Hilltop Holdings, Inc. (a)(d) | 103,357 | 1,327,104 | |
Homeowners Choice, Inc. (d) | 24,144 | 486,743 | |
Horace Mann Educators Corp. | 90,341 | 1,848,377 | |
Independence Holding Co. | 12,745 | 120,950 | |
Infinity Property & Casualty Corp. | 29,456 | 1,655,133 | |
Investors Title Co. | 2,693 | 177,549 | |
Kansas City Life Insurance Co. | 10,866 | 405,519 | |
Kemper Corp. | 137,889 | 4,362,808 | |
Maiden Holdings Ltd. | 143,671 | 1,448,204 | |
Markel Corp. (a) | 23,551 | 11,385,731 | |
MBIA, Inc. (a)(d) | 366,136 | 3,540,535 | |
Meadowbrook Insurance Group, Inc. | 121,669 | 855,333 | |
Mercury General Corp. | 86,743 | 3,371,700 | |
Montpelier Re Holdings Ltd. | 171,990 | 4,251,593 | |
National Financial Partners Corp. (a)(d) | 130,377 | 2,563,212 | |
National Interstate Corp. | 26,946 | 896,763 | |
National Western Life Insurance Co. Class A | 7,450 | 1,213,307 | |
Navigators Group, Inc. (a)(d) | 29,134 | 1,636,165 | |
Old Republic International Corp. | 613,136 | 7,363,763 | |
OneBeacon Insurance Group Ltd. | 54,474 | 728,317 | |
PartnerRe Ltd. | 152,398 | 13,599,998 | |
Phoenix Companies, Inc. (a) | 12,675 | 318,143 | |
Platinum Underwriters Holdings Ltd. | 82,406 | 4,357,629 | |
Primerica, Inc. | 115,806 | 3,644,415 | |
ProAssurance Corp. | 151,535 | 7,105,476 | |
Protective Life Corp. | 198,965 | 6,350,963 | |
Reinsurance Group of America, Inc. | 183,759 | 10,566,143 | |
RenaissanceRe Holdings Ltd. | 118,960 | 10,401,862 | |
| |||
Shares | Value | ||
RLI Corp. | 47,991 | $ 3,308,500 | |
Safety Insurance Group, Inc. | 33,267 | 1,563,549 | |
Selective Insurance Group, Inc. | 135,807 | 3,020,348 | |
StanCorp Financial Group, Inc. | 111,235 | 4,428,265 | |
State Auto Financial Corp. | 33,712 | 566,362 | |
Stewart Information Services Corp. (d) | 44,487 | 1,029,874 | |
Symetra Financial Corp. | 233,995 | 3,081,714 | |
Tower Group, Inc. | 90,612 | 1,689,914 | |
United Fire Group, Inc. | 51,439 | 1,264,371 | |
Universal Insurance Holdings, Inc. | 99,404 | 436,384 | |
Validus Holdings Ltd. | 242,727 | 8,648,363 | |
W.R. Berkley Corp. | 273,764 | 11,361,206 | |
White Mountains Insurance Group Ltd. | 14,430 | 8,152,950 | |
| 349,276,606 | ||
Real Estate Investment Trusts - 10.1% | |||
Acadia Realty Trust (SBI) | 131,146 | 3,530,450 | |
AG Mortgage Investment Trust, Inc. | 72,087 | 1,890,842 | |
Agree Realty Corp. | 29,784 | 836,037 | |
Alexanders, Inc. | 7,463 | 2,421,744 | |
Alexandria Real Estate Equities, Inc. | 159,952 | 11,378,985 | |
American Assets Trust, Inc. | 97,861 | 2,958,338 | |
American Campus Communities, Inc. | 266,659 | 12,052,987 | |
American Capital Agency Corp. | 865,944 | 27,467,744 | |
American Capital Mortgage Investment Corp. | 143,838 | 3,696,637 | |
American Realty Capital Properties, Inc. (d) | 23,627 | 312,585 | |
Annaly Capital Management, Inc. | 2,474,929 | 38,336,650 | |
Anworth Mortgage Asset Corp. | 363,303 | 2,216,148 | |
Apollo Commercial Real Estate Finance, Inc. | 60,802 | 1,048,835 | |
Apollo Residential Mortgage, Inc. | 59,295 | 1,327,022 | |
Arbor Realty Trust, Inc. | 95,842 | 759,069 | |
Ares Commercial Real Estate Corp. | 31,580 | 537,807 | |
Armour Residential REIT, Inc. | 958,622 | 6,413,181 | |
Ashford Hospitality Trust, Inc. | 181,667 | 2,138,221 | |
Associated Estates Realty Corp. | 125,776 | 2,198,564 | |
BioMed Realty Trust, Inc. | 426,994 | 9,018,113 | |
Brandywine Realty Trust (SBI) | 355,301 | 4,885,389 | |
BRE Properties, Inc. | 195,602 | 9,508,213 | |
BRT Realty Trust (a) | 8,802 | 65,223 | |
Camden Property Trust (SBI) | 211,578 | 14,628,503 | |
Campus Crest Communities, Inc. | 97,496 | 1,222,600 | |
Capital Trust, Inc. Class A | 85,860 | 194,044 | |
CapLease, Inc. | 166,403 | 995,090 | |
Capstead Mortgage Corp. | 274,087 | 3,437,051 | |
CBL & Associates Properties, Inc. | 408,073 | 9,279,580 | |
Cedar Shopping Centers, Inc. | 141,571 | 812,618 | |
Chatham Lodging Trust | 37,534 | 617,810 | |
Chesapeake Lodging Trust | 121,402 | 2,613,785 | |
Chimera Investment Corp. | 2,633,740 | 7,848,545 | |
Colonial Properties Trust (SBI) | 223,039 | 4,808,721 | |
Colony Financial, Inc. | 124,334 | 2,753,998 | |
CommonWealth REIT | 211,923 | 5,351,056 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Coresite Realty Corp. | 71,084 | $ 2,303,122 | |
Corporate Office Properties Trust (SBI) | 216,499 | 5,600,829 | |
Cousins Properties, Inc. | 249,030 | 2,420,572 | |
Crexus Investment Corp. | 188,644 | 2,510,852 | |
CubeSmart | 306,042 | 4,511,059 | |
CyrusOne, Inc. | 49,783 | 1,060,876 | |
Cys Investments, Inc. (d) | 437,281 | 5,186,153 | |
DCT Industrial Trust, Inc. (d) | 636,987 | 4,624,526 | |
DDR Corp. | 597,418 | 10,317,409 | |
DiamondRock Hospitality Co. | 508,573 | 4,546,643 | |
Digital Realty Trust, Inc. | 313,579 | 21,003,521 | |
Douglas Emmett, Inc. | 333,224 | 8,167,320 | |
Duke Realty LP (d) | 775,624 | 12,534,084 | |
DuPont Fabros Technology, Inc. | 161,268 | 3,734,967 | |
EastGroup Properties, Inc. | 77,000 | 4,374,370 | |
Education Realty Trust, Inc. | 304,047 | 3,317,153 | |
EPR Properties | 120,681 | 5,888,026 | |
Equity Lifestyle Properties, Inc. | 103,455 | 7,623,599 | |
Equity One, Inc. | 160,977 | 3,784,569 | |
Essex Property Trust, Inc. | 90,283 | 13,451,264 | |
Excel Trust, Inc. | 118,850 | 1,498,699 | |
Extra Space Storage, Inc. | 261,803 | 9,801,904 | |
Federal Realty Investment Trust (SBI) | 161,387 | 17,140,913 | |
FelCor Lodging Trust, Inc. (a) | 320,776 | 1,610,296 | |
First Industrial Realty Trust, Inc. | 236,437 | 3,752,255 | |
First Potomac Realty Trust | 155,718 | 2,200,295 | |
Franklin Street Properties Corp. | 183,467 | 2,522,671 | |
General Growth Properties, Inc. | 1,151,017 | 22,030,465 | |
Getty Realty Corp. (d) | 107,657 | 2,140,221 | |
Gladstone Commercial Corp. (d) | 28,855 | 547,091 | |
Glimcher Realty Trust | 372,526 | 4,194,643 | |
Government Properties Income Trust (d) | 109,886 | 2,907,584 | |
Gramercy Capital Corp. (a)(d) | 137,117 | 523,787 | |
Gyrodyne Co. of America, Inc. | 2,317 | 172,431 | |
Hatteras Financial Corp. | 250,581 | 6,688,007 | |
Healthcare Realty Trust, Inc. | 225,062 | 5,986,649 | |
Healthcare Trust of America, Inc. | 139,394 | 1,600,243 | |
Hersha Hospitality Trust | 462,079 | 2,592,263 | |
Highwoods Properties, Inc. (SBI) | 188,911 | 6,895,252 | |
Home Properties, Inc. | 130,546 | 8,148,681 | |
Hospitality Properties Trust (SBI) | 318,850 | 8,513,295 | |
Hudson Pacific Properties, Inc. | 107,288 | 2,421,490 | |
Inland Real Estate Corp. | 192,865 | 1,863,076 | |
Invesco Mortgage Capital, Inc. | 326,439 | 6,861,748 | |
Investors Real Estate Trust | 238,896 | 2,271,901 | |
iStar Financial, Inc. (a)(d) | 266,363 | 2,660,966 | |
JAVELIN Mortgage Investment Corp. | 18,180 | 348,692 | |
Kilroy Realty Corp. | 186,722 | 9,851,453 | |
Kite Realty Group Trust | 180,895 | 1,192,098 | |
LaSalle Hotel Properties (SBI) | 240,074 | 6,095,479 | |
Lexington Corporate Properties Trust (d) | 409,224 | 4,689,707 | |
| |||
Shares | Value | ||
Liberty Property Trust (SBI) (d) | 297,318 | $ 11,532,965 | |
LTC Properties, Inc. | 80,280 | 3,096,400 | |
Mack-Cali Realty Corp. | 205,743 | 5,838,986 | |
Medical Properties Trust, Inc. | 338,104 | 4,909,270 | |
MFA Financial, Inc. | 900,039 | 7,992,346 | |
MHI Hospitality Corp. | 1,708 | 7,327 | |
Mid-America Apartment Communities, Inc. | 105,434 | 7,321,337 | |
Monmouth Real Estate Investment Corp. Class A | 103,641 | 1,156,634 | |
MPG Office Trust, Inc. (a)(d) | 193,026 | 499,937 | |
National Health Investors, Inc. | 66,785 | 4,327,668 | |
National Retail Properties, Inc. (d) | 269,513 | 9,284,723 | |
New York Mortgage Trust, Inc. (d) | 113,947 | 802,187 | |
NorthStar Realty Finance Corp. | 392,817 | 3,515,712 | |
Omega Healthcare Investors, Inc. (d) | 281,314 | 7,873,979 | |
One Liberty Properties, Inc. | 35,770 | 776,924 | |
Parkway Properties, Inc. | 96,202 | 1,626,776 | |
Pebblebrook Hotel Trust | 162,576 | 3,887,192 | |
Pennsylvania Real Estate Investment Trust (SBI) | 141,880 | 2,560,934 | |
PennyMac Mortgage Investment Trust | 148,093 | 3,764,524 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 422,715 | 8,310,577 | |
PMC Commercial Trust | 13,962 | 97,874 | |
Post Properties, Inc. | 136,444 | 6,513,837 | |
Potlatch Corp. | 107,179 | 4,716,948 | |
Power (REIT) | 1,227 | 13,006 | |
PS Business Parks, Inc. | 47,862 | 3,541,309 | |
RAIT Financial Trust (d) | 147,972 | 1,071,317 | |
Ramco-Gershenson Properties Trust (SBI) | 127,919 | 2,021,120 | |
Rayonier, Inc. | 311,780 | 17,419,149 | |
Realty Income Corp. | 449,239 | 20,507,760 | |
Redwood Trust, Inc. | 205,166 | 4,156,663 | |
Regency Centers Corp. | 229,923 | 11,928,405 | |
Resource Capital Corp. | 285,451 | 1,941,067 | |
Retail Opportunity Investments Corp. (d) | 130,748 | 1,687,957 | |
Retail Properties America, Inc. | 85,922 | 1,271,646 | |
RLJ Lodging Trust | 284,277 | 6,080,685 | |
Rouse Properties, Inc. (d) | 62,419 | 1,036,780 | |
Ryman Hospitality Properties, Inc. (d) | 122,867 | 5,498,298 | |
Sabra Health Care REIT, Inc. | 104,213 | 2,754,350 | |
Saul Centers, Inc. | 29,808 | 1,304,398 | |
Select Income (REIT) | 47,478 | 1,320,363 | |
Senior Housing Properties Trust (SBI) | 464,288 | 11,648,986 | |
Silver Bay Realty Trust Corp. (d) | 36,712 | 749,659 | |
SL Green Realty Corp. | 227,024 | 18,529,699 | |
Sovran Self Storage, Inc. | 79,456 | 4,834,103 | |
Spirit Realty Capital, Inc. | 84,207 | 1,677,403 | |
Stag Industrial, Inc. | 111,041 | 2,355,180 | |
Starwood Property Trust, Inc. | 335,288 | 9,371,300 | |
Strategic Hotel & Resorts, Inc. (a) | 471,780 | 3,434,558 | |
Summit Hotel Properties, Inc. | 136,761 | 1,312,906 | |
Sun Communities, Inc. (d) | 74,202 | 3,452,619 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Sunstone Hotel Investors, Inc. (a) | 402,828 | $ 4,564,041 | |
Supertel Hospitality, Inc., Maryland (a) | 13,197 | 14,913 | |
Tanger Factory Outlet Centers, Inc. (d) | 232,875 | 8,218,159 | |
Taubman Centers, Inc. | 153,877 | 11,805,443 | |
Terreno Realty Corp. | 33,203 | 594,334 | |
The Geo Group, Inc. | 193,501 | 6,683,525 | |
The Macerich Co. | 344,003 | 20,678,020 | |
Two Harbors Investment Corp. | 742,870 | 9,553,308 | |
UDR, Inc. | 633,544 | 15,116,360 | |
UMH Properties, Inc. | 32,347 | 324,117 | |
Universal Health Realty Income Trust (SBI) | 33,579 | 1,917,697 | |
Urstadt Biddle Properties, Inc. Class A | 59,548 | 1,258,249 | |
Washington (REIT) (SBI) | 159,249 | 4,409,605 | |
Weingarten Realty Investors (SBI) | 287,296 | 8,805,622 | |
Western Asset Mortgage Capital Corp. | 58,863 | 1,264,966 | |
Whitestone REIT Class B | 35,381 | 521,870 | |
Winthrop Realty Trust | 68,647 | 861,520 | |
WP Carey, Inc. (d) | 146,332 | 8,719,924 | |
ZAIS Financial Corp. | 15,500 | 311,085 | |
| 823,205,855 | ||
Real Estate Management & Development - 0.5% | |||
Alexander & Baldwin, Inc. | 111,665 | 3,933,958 | |
American Realty Investments, Inc. (a) | 1,965 | 6,583 | |
AV Homes, Inc. (a) | 29,637 | 445,148 | |
Consolidated-Tomoka Land Co. (d) | 11,958 | 407,170 | |
Forest City Enterprises, Inc. Class A (a) | 356,962 | 5,725,670 | |
Forestar Group, Inc. (a)(d) | 94,973 | 1,654,430 | |
Gladstone Land Corp. | 2,000 | 30,140 | |
Howard Hughes Corp. (a) | 71,466 | 5,487,874 | |
InterGroup Corp. (a) | 336 | 7,617 | |
Jones Lang LaSalle, Inc. | 109,483 | 10,580,437 | |
Kennedy-Wilson Holdings, Inc. | 102,037 | 1,639,735 | |
Maui Land & Pineapple, Inc. (a) | 17,943 | 72,131 | |
Preferred Apartment Communities, Inc. Class A (d) | 6,866 | 60,009 | |
Realogy Holdings Corp. | 112,717 | 5,055,357 | |
Tejon Ranch Co. (a) | 36,577 | 1,071,706 | |
The St. Joe Co. (a)(d) | 244,497 | 5,452,283 | |
Thomas Properties Group, Inc. | 93,474 | 487,000 | |
Transcontinental Realty Investors, Inc. (a) | 1,497 | 7,725 | |
Zillow, Inc. (a)(d) | 35,559 | 1,527,615 | |
ZipRealty, Inc. (a) | 28,991 | 111,325 | |
| 43,763,913 | ||
Thrifts & Mortgage Finance - 1.1% | |||
Astoria Financial Corp. | 205,339 | 2,008,215 | |
Bank Mutual Corp. | 123,703 | 707,581 | |
BankFinancial Corp. | 56,765 | 452,985 | |
BBX Capital Corp. (a) | 42,087 | 340,063 | |
Beneficial Mutual Bancorp, Inc. (a) | 107,032 | 1,026,437 | |
Berkshire Hills Bancorp, Inc. | 59,104 | 1,436,227 | |
| |||
Shares | Value | ||
BofI Holding, Inc. (a) | 27,494 | $ 925,723 | |
Brookline Bancorp, Inc., Delaware | 180,966 | 1,646,791 | |
Camco Financial Corp. (a) | 7,852 | 28,738 | |
Cape Bancorp, Inc. | 25,193 | 229,004 | |
Capitol Federal Financial, Inc. | 435,831 | 5,155,881 | |
CFS Bancorp, Inc. | 12,402 | 94,999 | |
Charter Financial Corp., Georgia | 2,588 | 31,858 | |
Cheviot Financial Corp. | 44 | 479 | |
Chicopee Bancorp, Inc. | 13,096 | 206,131 | |
Clifton Savings Bancorp, Inc. | 25,210 | 284,873 | |
Dime Community Bancshares, Inc. | 89,159 | 1,266,949 | |
Doral Financial Corp. (a) | 295,629 | 168,361 | |
Elmira Savings Bank | 169 | 3,990 | |
ESB Financial Corp. | 31,148 | 427,662 | |
ESSA Bancorp, Inc. | 32,482 | 358,926 | |
EverBank Financial Corp. | 59,751 | 902,240 | |
Farmer Mac Class C (non-vtg.) | 27,142 | 916,043 | |
First Clover Leaf Financial Corp. | 10,566 | 80,302 | |
First Defiance Financial Corp. | 23,633 | 532,215 | |
First Federal Bancshares of Arkansas, Inc. (a)(d) | 4,711 | 45,226 | |
First Financial Holdings, Inc. | 43,715 | 872,551 | |
First Financial Northwest, Inc. (a) | 34,706 | 275,219 | |
First PacTrust Bancorp, Inc. | 20,005 | 205,451 | |
Flagstar Bancorp, Inc. (a)(d) | 50,000 | 679,500 | |
Flushing Financial Corp. | 72,793 | 1,150,129 | |
Fox Chase Bancorp, Inc. | 32,985 | 551,509 | |
Franklin Financial Corp./VA | 27,950 | 499,187 | |
Hampden Bancorp, Inc. | 5,136 | 81,252 | |
Heritage Financial Group, Inc. | 7,732 | 106,083 | |
HF Financial Corp. | 632 | 8,494 | |
HMN Financial, Inc. (a) | 2,852 | 15,315 | |
Home Bancorp, Inc. (a) | 15,826 | 291,831 | |
Home Federal Bancorp, Inc. | 37,371 | 429,767 | |
HomeStreet, Inc. (d) | 30,734 | 767,735 | |
HopFed Bancorp, Inc. | 11,426 | 120,887 | |
IF Bancorp, Inc. (a) | 11,597 | 174,071 | |
Impac Mortgage Holdings, Inc. (a)(d) | 20,302 | 229,413 | |
Kearny Financial Corp. | 52,612 | 525,594 | |
Madison County Financial, Inc. (a)(d) | 11,541 | 184,887 | |
Meridian Interstate Bancorp, Inc. (a) | 24,640 | 445,738 | |
Meta Financial Group, Inc. | 9,879 | 233,638 | |
MGIC Investment Corp. (a)(d) | 493,559 | 1,470,806 | |
MutualFirst Financial, Inc. | 7,773 | 104,547 | |
NASB Financial, Inc. (a) | 3,724 | 82,710 | |
Nationstar Mortgage Holdings, Inc. (d) | 43,150 | 1,662,570 | |
New Hampshire Thrift Bancshare | 2,906 | 38,679 | |
New York Community Bancorp, Inc. (d) | 1,102,758 | 14,887,233 | |
Northfield Bancorp, Inc. | 80,053 | 911,003 | |
Northwest Bancshares, Inc. (d) | 230,507 | 2,879,032 | |
Ocean Shore Holding Co. | 5,120 | 77,824 | |
OceanFirst Financial Corp. | 36,227 | 505,004 | |
Ocwen Financial Corp. (a) | 295,171 | 11,635,641 | |
Oneida Financial Corp. | 2,810 | 35,209 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Oritani Financial Corp. | 106,486 | $ 1,566,409 | |
Peoples Federal Bancshares, Inc. | 9,219 | 164,836 | |
Poage Bankshares, Inc. | 6,654 | 93,489 | |
Provident Financial Holdings, Inc. | 21,034 | 359,681 | |
Provident Financial Services, Inc. | 135,449 | 2,030,381 | |
Provident New York Bancorp | 105,447 | 946,914 | |
Pulaski Financial Corp. (d) | 11,679 | 115,622 | |
PVF Capital Corp. (a) | 37,435 | 139,633 | |
Radian Group, Inc. (d) | 342,468 | 3,017,143 | |
Riverview Bancorp, Inc. (a) | 20,156 | 44,746 | |
Rockville Financial, Inc. | 54,753 | 704,124 | |
Roma Financial Corp. | 25,270 | 380,061 | |
Security National Financial Corp. Class A (d) | 21,546 | 166,120 | |
SI Financial Group, Inc. | 9,136 | 104,516 | |
Simplicity Bancorp, Inc. | 22,747 | 346,664 | |
Southern Missouri Bancorp, Inc. | 376 | 9,445 | |
Territorial Bancorp, Inc. | 28,348 | 661,075 | |
TFS Financial Corp. (a)(d) | 268,274 | 2,819,560 | |
Timberland Bancorp, Inc. | 12,774 | 105,513 | |
Tree.com, Inc. | 19,805 | 345,201 | |
Trustco Bank Corp., New York | 220,181 | 1,147,143 | |
United Community Financial Corp., Ohio (a) | 32,608 | 109,563 | |
United Financial Bancorp, Inc. | 49,450 | 739,278 | |
ViewPoint Financial Group | 92,806 | 1,935,005 | |
Walker & Dunlop, Inc. (a) | 44,234 | 937,761 | |
Washington Federal, Inc. | 287,542 | 5,046,362 | |
Waterstone Financial, Inc. (a) | 7,726 | 59,104 | |
Westfield Financial, Inc. | 94,628 | 737,152 | |
WSFS Financial Corp. | 23,324 | 1,107,890 | |
| 87,356,799 | ||
TOTAL FINANCIALS | 1,856,416,579 | ||
HEALTH CARE - 10.5% | |||
Biotechnology - 3.3% | |||
Aastrom Biosciences, Inc. (a)(d) | 102,049 | 124,500 | |
ACADIA Pharmaceuticals, Inc. (a)(d) | 129,491 | 786,010 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 163,898 | 1,327,574 | |
Acorda Therapeutics, Inc. (a) | 110,294 | 3,281,247 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 111,483 | 84,727 | |
Aegerion Pharmaceuticals, Inc. (a) | 41,620 | 1,253,594 | |
Affymax, Inc. (a)(d) | 99,414 | 264,441 | |
Agenus, Inc. (a)(d) | 39,248 | 167,981 | |
Alkermes PLC (a) | 307,880 | 6,684,075 | |
Allos Therapeutics, Inc. rights | 344,107 | 3 | |
Alnylam Pharmaceuticals, Inc. (a) | 128,873 | 3,053,001 | |
AMAG Pharmaceuticals, Inc. (a) | 57,756 | 955,862 | |
Amicus Therapeutics, Inc. (a)(d) | 81,548 | 218,549 | |
| |||
Shares | Value | ||
Anacor Pharmaceuticals, Inc. (a) | 42,589 | $ 148,210 | |
Anthera Pharmaceuticals, Inc. (a)(d) | 123,150 | 75,122 | |
ARCA biopharma, Inc. (a)(d) | 20,234 | 10,319 | |
Arena Pharmaceuticals, Inc. (a)(d) | 559,228 | 4,691,923 | |
ARIAD Pharmaceuticals, Inc. (a) | 464,412 | 9,766,584 | |
ArQule, Inc. (a) | 132,859 | 326,833 | |
Array Biopharma, Inc. (a) | 280,498 | 1,091,137 | |
Arrowhead Research Corp. (a)(d) | 16,316 | 35,079 | |
Astex Pharmaceuticals, Inc. (a)(d) | 207,009 | 674,849 | |
Athersys, Inc. (a)(d) | 108,924 | 165,564 | |
AVEO Pharmaceuticals, Inc. (a)(d) | 115,401 | 769,725 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 81,419 | 97,703 | |
BioMarin Pharmaceutical, Inc. (a) | 316,623 | 18,354,635 | |
BioMimetic Therapeutics, Inc. (a) | 45,475 | 431,558 | |
Biospecifics Technologies Corp. (a) | 11,833 | 185,778 | |
Biota Pharmaceuticals, Inc. | 20,991 | 83,754 | |
BioTime, Inc. (a)(d) | 68,237 | 287,278 | |
Cardium Therapeutics, Inc. (a)(d) | 106,276 | 17,865 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 69,095 | 30,975 | |
Cel-Sci Corp. (a)(d) | 503,397 | 133,300 | |
Cell Therapeutics, Inc. (a)(d) | 197,840 | 265,106 | |
Celldex Therapeutics, Inc. (a)(d) | 208,754 | 1,987,338 | |
Celsion Corp. (a)(d) | 80,797 | 78,373 | |
Cepheid, Inc. (a)(d) | 169,489 | 6,174,484 | |
Chelsea Therapeutics International Ltd. (a)(d) | 149,074 | 235,537 | |
ChemoCentryx, Inc. (d) | 8,614 | 116,203 | |
Cleveland Biolabs, Inc. (a)(d) | 93,847 | 145,463 | |
Clovis Oncology, Inc. (a)(d) | 38,859 | 732,881 | |
Codexis, Inc. (a) | 66,590 | 137,841 | |
Coronado Biosciences, Inc. (a)(d) | 46,043 | 337,035 | |
Cubist Pharmaceuticals, Inc. (a) | 160,460 | 6,808,318 | |
Cubist Pharmaceuticals, Inc. rights (a) | 105,448 | 1 | |
Curis, Inc. (a)(d) | 208,503 | 560,873 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 28,189 | 155,885 | |
Cytokinetics, Inc. | 284,668 | 284,099 | |
Cytori Therapeutics, Inc. (a)(d) | 157,438 | 401,467 | |
CytRx Corp. (a)(d) | 53,802 | 112,984 | |
DARA BioSciences, Inc. (a)(d) | 22,334 | 22,557 | |
Dendreon Corp. (a)(d) | 380,156 | 2,201,103 | |
Discovery Laboratories, Inc. (a)(d) | 83,205 | 204,684 | |
Durata Therapeutics, Inc. (d) | 19,378 | 165,682 | |
Dyax Corp. (a)(d) | 235,415 | 755,682 | |
Dynavax Technologies Corp. (a)(d) | 441,222 | 900,093 | |
Emergent BioSolutions, Inc. (a) | 62,949 | 975,080 | |
EntreMed, Inc. (a) | 37,512 | 110,660 | |
Enzon Pharmaceuticals, Inc. | 134,828 | 570,322 | |
Exact Sciences Corp. (a) | 176,780 | 1,888,010 | |
Exelixis, Inc. (a)(d) | 484,897 | 2,211,130 | |
Forticell Bioscience, Inc. (a) | 2 | 0 | |
Galectin Therapeutics, Inc. (a) | 5,313 | 18,117 | |
Galena Biopharma, Inc. (a)(d) | 229,872 | 439,056 | |
Genomic Health, Inc. (a)(d) | 52,977 | 1,517,791 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
GenVec, Inc. (a) | 22,127 | $ 36,952 | |
Geron Corp. (a)(d) | 296,896 | 433,468 | |
GTx, Inc. (a) | 60,735 | 276,344 | |
Halozyme Therapeutics, Inc. (a)(d) | 210,823 | 1,151,094 | |
Hemispherx Biopharma, Inc. (a) | 354,277 | 77,941 | |
Hyperion Therapeutics, Inc. | 16,210 | 295,670 | |
iBio, Inc. (a)(d) | 102,306 | 64,964 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 267,583 | 1,126,524 | |
Idera Pharmaceuticals, Inc. (a) | 48,311 | 34,784 | |
ImmunoCellular Therapeutics Ltd. (a)(d) | 122,575 | 311,341 | |
ImmunoGen, Inc. (a)(d) | 222,354 | 3,373,110 | |
Immunomedics, Inc. (a)(d) | 140,629 | 323,447 | |
Incyte Corp. (a)(d) | 336,696 | 7,474,651 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 96,136 | 3,969,455 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 218,287 | 150,618 | |
Insmed, Inc. (a)(d) | 75,313 | 463,928 | |
Intercept Pharmaceuticals, Inc. (d) | 12,204 | 476,200 | |
InterMune, Inc. (a) | 197,527 | 1,752,064 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 214,285 | 3,199,275 | |
Isis Pharmaceuticals, Inc. (a)(d) | 255,145 | 3,750,632 | |
IsoRay, Inc. (a)(d) | 76,668 | 40,557 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 197,816 | 1,271,957 | |
KYTHERA Biopharmaceuticals, Inc. (d) | 10,524 | 274,255 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 1,360,008 | 2,679,216 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a) | 50,640 | 1,040,146 | |
General CVR | 26,087 | 183 | |
Glucagon CVR (a) | 26,087 | 261 | |
rights (a) | 26,087 | 417 | |
TR Beta CVR (a) | 26,087 | 170 | |
Lpath, Inc. (a) | 19,435 | 82,404 | |
MannKind Corp. (a)(d) | 440,347 | 1,127,288 | |
Maxygen, Inc. | 88,637 | 216,274 | |
Medgenics, Inc. (a) | 12,815 | 64,075 | |
MediciNova, Inc. (a)(d) | 37,660 | 128,044 | |
Medivation, Inc. (a) | 190,494 | 9,360,875 | |
Merrimack Pharmaceuticals, Inc. (d) | 38,283 | 245,011 | |
Metabolix, Inc. (a)(d) | 85,270 | 207,206 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 119,519 | 1,522,672 | |
Myriad Genetics, Inc. (a)(d) | 213,646 | 5,430,881 | |
Nanosphere, Inc. (a)(d) | 90,356 | 176,194 | |
Neuralstem, Inc. (a)(d) | 141,327 | 149,807 | |
Neurocrine Biosciences, Inc. (a) | 167,845 | 1,775,800 | |
NewLink Genetics Corp. (a)(d) | 48,922 | 575,812 | |
Novavax, Inc. (a)(d) | 303,349 | 552,095 | |
NPS Pharmaceuticals, Inc. (a)(d) | 215,077 | 1,716,314 | |
OncoGenex Pharmaceuticals, Inc. (a)(d) | 29,511 | 350,886 | |
Oncothyreon, Inc. (a)(d) | 122,634 | 253,852 | |
Onyx Pharmaceuticals, Inc. (a) | 184,637 | 13,905,012 | |
Opexa Therapeutics, Inc. (a)(d) | 8,319 | 15,972 | |
| |||
Shares | Value | ||
Opko Health, Inc. (a)(d) | 342,921 | $ 2,379,872 | |
Orexigen Therapeutics, Inc. (a)(d) | 180,401 | 1,075,190 | |
Osiris Therapeutics, Inc. (a)(d) | 39,420 | 259,384 | |
OXiGENE, Inc. (a)(d) | 3,950 | 16,274 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 46,598 | 13,047 | |
PDL BioPharma, Inc. (d) | 384,661 | 2,746,480 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 306,032 | 397,842 | |
Pharmacyclics, Inc. (a)(d) | 127,562 | 11,197,392 | |
PharmAthene, Inc. (a)(d) | 77,388 | 100,604 | |
Progenics Pharmaceuticals, Inc. (a) | 107,490 | 283,774 | |
Puma Biotechnology, Inc. | 19,440 | 499,802 | |
Raptor Pharmaceutical Corp. (a)(d) | 132,438 | 658,217 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 192,591 | 32,162,697 | |
Regulus Therapeutics, Inc. | 27,301 | 140,600 | |
Repligen Corp. (a) | 65,974 | 411,018 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 117,188 | 36,328 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 240,910 | 1,618,915 | |
Sangamo Biosciences, Inc. (a)(d) | 138,269 | 1,408,961 | |
Sarepta Therapeutics, Inc. (a)(d) | 68,876 | 2,016,001 | |
Savient Pharmaceuticals, Inc. (a)(d) | 212,410 | 199,665 | |
Seattle Genetics, Inc. (a)(d) | 264,595 | 7,445,703 | |
SIGA Technologies, Inc. (a)(d) | 109,876 | 470,269 | |
Spectrum Pharmaceuticals, Inc. (d) | 147,610 | 1,682,754 | |
StemCells, Inc. (a)(d) | 72,956 | 124,755 | |
Stemline Therapeutics, Inc. | 7,164 | 86,684 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 78,760 | 411,127 | |
Synageva BioPharma Corp. (a) | 28,243 | 1,411,303 | |
Synergy Pharmaceuticals, Inc. (a)(d) | 156,772 | 857,543 | |
Synta Pharmaceuticals Corp. (a)(d) | 112,511 | 966,469 | |
Synthetic Biologics, Inc. (a) | 51,943 | 89,342 | |
Targacept, Inc. (a) | 150,431 | 651,366 | |
Telik, Inc. (a) | 3,787 | 6,135 | |
TESARO, Inc. (d) | 17,478 | 347,113 | |
Theravance, Inc. (a)(d) | 173,595 | 3,522,243 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 133,997 | 620,406 | |
Tranzyme, Inc. (a) | 38,997 | 20,637 | |
Trius Therapeutics, Inc. (a) | 76,208 | 400,092 | |
Trovagene, Inc. (a)(d) | 26,256 | 161,474 | |
United Therapeutics Corp. (a)(d) | 128,305 | 7,673,922 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 115,941 | 435,938 | |
Venaxis, Inc. (a) | 1,992 | 4,582 | |
Verastem, Inc. (a)(d) | 4,002 | 37,699 | |
Vertex Pharmaceuticals, Inc. (a) | 555,579 | 26,012,209 | |
Vical, Inc. (a) | 181,350 | 580,320 | |
XOMA Corp. (a)(d) | 195,513 | 529,840 | |
Zalicus, Inc. (a)(d) | 271,923 | 177,294 | |
ZIOPHARM Oncology, Inc. (a)(d) | 196,259 | 869,427 | |
| 271,218,417 | ||
Health Care Equipment & Supplies - 2.3% | |||
Abaxis, Inc. | 51,787 | 2,196,805 | |
Abiomed, Inc. (a)(d) | 100,014 | 1,604,225 | |
Accuray, Inc. (a)(d) | 145,252 | 620,226 | |
Alere, Inc. (a) | 189,216 | 4,306,556 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Align Technology, Inc. (a) | 182,943 | $ 5,751,728 | |
Allied Healthcare Products, Inc. (a) | 4,954 | 13,524 | |
Alphatec Holdings, Inc. (a) | 223,255 | 363,906 | |
Analogic Corp. (d) | 32,199 | 2,388,844 | |
Angiodynamics, Inc. (a) | 78,307 | 970,224 | |
Anika Therapeutics, Inc. (a) | 35,451 | 441,365 | |
Antares Pharma, Inc. (a)(d) | 291,705 | 1,003,465 | |
ArthroCare Corp. (a) | 71,853 | 2,509,107 | |
Atossa Genetics, Inc. (d) | 1,948 | 12,467 | |
Atricure, Inc. (a) | 33,966 | 301,618 | |
Atrion Corp. | 3,467 | 680,364 | |
Bacterin International Holdings, Inc. (a)(d) | 41,452 | 37,514 | |
BioLase Technology, Inc. (d) | 76,165 | 274,956 | |
Bovie Medical Corp. (a) | 27,980 | 76,385 | |
BSD Medical Corp. (a)(d) | 95,648 | 126,255 | |
Cantel Medical Corp. | 58,616 | 1,824,716 | |
Cardica, Inc. (a) | 38,892 | 45,115 | |
Cardiovascular Systems, Inc. (a) | 54,580 | 862,910 | |
Cerus Corp. (a)(d) | 105,314 | 346,483 | |
Chembio Diagnostics, Inc. (a) | 4,082 | 22,288 | |
Conceptus, Inc. (a)(d) | 78,853 | 1,760,787 | |
CONMED Corp. | 68,757 | 2,139,030 | |
Cryolife, Inc. | 77,981 | 478,024 | |
Cutera, Inc. (a) | 35,495 | 457,886 | |
Cyberonics, Inc. (a) | 69,680 | 3,187,860 | |
Cynosure, Inc. Class A (a) | 34,199 | 968,858 | |
Delcath Systems, Inc. (a)(d) | 162,758 | 252,275 | |
Derma Sciences, Inc. (a)(d) | 24,519 | 302,319 | |
DexCom, Inc. (a)(d) | 183,507 | 2,739,760 | |
Digirad Corp. (a) | 23,301 | 53,359 | |
Dynatronics Corp. (a) | 3,425 | 8,871 | |
DynaVox, Inc. Class A (a) | 35,547 | 16,288 | |
Endologix, Inc. (a)(d) | 152,183 | 2,291,876 | |
EnteroMedics, Inc. (a)(d) | 71,659 | 60,151 | |
ERBA Diagnostics, Inc. (a) | 7,111 | 5,334 | |
Escalon Medical Corp. (a) | 3,512 | 3,617 | |
Exactech, Inc. (a) | 19,203 | 353,527 | |
Fonar Corp. (a) | 5,489 | 29,586 | |
Genmark Diagnostics, Inc. (a)(d) | 70,035 | 730,465 | |
Globus Medical, Inc. (d) | 19,520 | 282,064 | |
Greatbatch, Inc. (a) | 55,243 | 1,495,428 | |
Haemonetics Corp. (a) | 131,168 | 5,410,680 | |
Hansen Medical, Inc. (a)(d) | 150,643 | 322,376 | |
Hill-Rom Holdings, Inc. | 151,281 | 4,958,991 | |
Hologic, Inc. (a) | 681,475 | 14,876,599 | |
ICU Medical, Inc. (a)(d) | 33,325 | 1,891,527 | |
IDEXX Laboratories, Inc. (a) | 139,253 | 12,827,986 | |
Insulet Corp. (a)(d) | 133,384 | 3,010,477 | |
Integra LifeSciences Holdings Corp. (a) | 50,385 | 2,052,685 | |
Invacare Corp. | 71,642 | 1,039,525 | |
| |||
Shares | Value | ||
Iridex Corp. (a) | 9,439 | $ 44,835 | |
Kewaunee Scientific Corp. | 5,250 | 68,670 | |
Kips Bay Medical, Inc. (a) | 9,803 | 9,999 | |
LeMaitre Vascular, Inc. | 17,157 | 104,658 | |
Mako Surgical Corp. (a)(d) | 115,552 | 1,477,910 | |
Masimo Corp. | 148,292 | 2,943,596 | |
Medical Action Industries, Inc. (a) | 32,086 | 189,949 | |
MELA Sciences, Inc. (a)(d) | 117,358 | 174,863 | |
Meridian Bioscience, Inc. (d) | 116,715 | 2,474,358 | |
Merit Medical Systems, Inc. (a) | 95,450 | 1,137,764 | |
Misonix, Inc. (a) | 11,163 | 63,629 | |
Natus Medical, Inc. (a) | 73,032 | 927,506 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 295,085 | 905,911 | |
Neogen Corp. (a) | 57,433 | 2,689,013 | |
NeuroMetrix, Inc. (a) | 685 | 1,767 | |
NuVasive, Inc. (a) | 108,905 | 2,022,366 | |
NxStage Medical, Inc. (a)(d) | 140,487 | 1,576,264 | |
OraSure Technologies, Inc. (a) | 127,609 | 709,506 | |
Orthofix International NV (a) | 56,449 | 2,103,290 | |
Palomar Medical Technologies, Inc. (a) | 45,060 | 497,462 | |
PhotoMedex, Inc. (a)(d) | 37,410 | 551,798 | |
Quidel Corp. (a)(d) | 73,655 | 1,743,414 | |
ResMed, Inc. (d) | 365,366 | 16,255,133 | |
Retractable Technologies, Inc. (a) | 5,601 | 5,517 | |
Rochester Medical Corp. (a) | 22,381 | 330,344 | |
Rockwell Medical Technologies, Inc. (a)(d) | 39,941 | 176,140 | |
RTI Biologics, Inc. (a) | 112,823 | 409,547 | |
Sirona Dental Systems, Inc. (a) | 140,139 | 9,952,672 | |
Solta Medical, Inc. (a) | 115,233 | 262,731 | |
Staar Surgical Co. (a) | 69,588 | 375,079 | |
Stereotaxis, Inc. (a)(d) | 11,645 | 25,386 | |
Steris Corp. | 153,593 | 5,990,127 | |
SurModics, Inc. (a) | 32,266 | 818,266 | |
Symmetry Medical, Inc. (a) | 93,411 | 974,277 | |
Synergetics USA, Inc. (a) | 65,159 | 346,646 | |
Teleflex, Inc. | 104,105 | 8,324,236 | |
The Cooper Companies, Inc. | 121,073 | 12,841,002 | |
The Spectranetics Corp. (a) | 93,141 | 1,690,509 | |
Theragenics Corp. (a) | 80,225 | 130,767 | |
ThermoGenesis Corp. (a) | 36,219 | 32,597 | |
Thoratec Corp. (a)(d) | 150,418 | 5,296,218 | |
TranS1, Inc. (a) | 31,931 | 69,929 | |
Unilife Corp. (a)(d) | 250,905 | 629,772 | |
Urologix, Inc. (a) | 5,053 | 3,386 | |
Uroplasty, Inc. (a) | 38,436 | 93,784 | |
Utah Medical Products, Inc. | 5,647 | 234,068 | |
Vascular Solutions, Inc. (a)(d) | 32,880 | 499,118 | |
Vermillion, Inc. (a) | 26,315 | 32,104 | |
Vision Sciences, Inc. (a)(d) | 22,011 | 23,992 | |
Volcano Corp. (a)(d) | 137,886 | 2,983,853 | |
West Pharmaceutical Services, Inc. | 86,644 | 5,235,030 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Wright Medical Group, Inc. (a)(d) | 116,793 | $ 2,453,037 | |
Zeltiq Aesthetics, Inc. (a) | 39,478 | 159,096 | |
| 189,862,148 | ||
Health Care Providers & Services - 2.6% | |||
Acadia Healthcare Co., Inc. (a) | 87,345 | 2,377,531 | |
Accretive Health, Inc. (a)(d) | 142,160 | 1,361,893 | |
Adcare Health Systems, Inc. | 10,908 | 48,759 | |
Addus HomeCare Corp. (a) | 22,321 | 196,648 | |
Advocat, Inc. (d) | 12,213 | 67,294 | |
Air Methods Corp. | 88,381 | 3,958,585 | |
Alliance Healthcare Services, Inc. (a) | 22,763 | 160,252 | |
Almost Family, Inc. | 17,026 | 350,565 | |
Amedisys, Inc. (a)(d) | 76,646 | 866,100 | |
American CareSource Holdings, Inc. (a) | 2,053 | 3,716 | |
American Shared Hospital Services (a) | 115 | 239 | |
AMN Healthcare Services, Inc. (a)(d) | 110,869 | 1,563,253 | |
AmSurg Corp. (a) | 82,424 | 2,489,205 | |
Assisted Living Concepts, Inc. Class A | 44,685 | 529,070 | |
Bio-Reference Laboratories, Inc. (a)(d) | 65,019 | 1,721,703 | |
BioScrip, Inc. (a) | 149,908 | 1,641,493 | |
Brookdale Senior Living, Inc. (a) | 248,627 | 6,881,995 | |
Capital Senior Living Corp. (a) | 68,963 | 1,586,149 | |
CardioNet, Inc. (a) | 56,333 | 140,269 | |
Centene Corp. (a) | 130,754 | 5,886,545 | |
Chemed Corp. | 53,951 | 4,164,478 | |
Chindex International, Inc. (a) | 33,922 | 371,446 | |
Community Health Systems, Inc. | 232,860 | 9,840,664 | |
Corvel Corp. (a) | 14,612 | 701,960 | |
Cross Country Healthcare, Inc. (a) | 74,123 | 422,501 | |
Emeritus Corp. (a) | 73,472 | 2,093,217 | |
ExamWorks Group, Inc. (a)(d) | 75,796 | 1,073,271 | |
Five Star Quality Care, Inc. (a) | 111,797 | 708,793 | |
Gentiva Health Services, Inc. (a) | 70,931 | 746,194 | |
Hanger, Inc. (a) | 89,928 | 2,667,264 | |
HCA Holdings, Inc. | 622,383 | 23,084,185 | |
Health Management Associates, Inc. Class A (a) | 656,011 | 7,209,561 | |
Health Net, Inc. (a) | 204,919 | 5,274,615 | |
HealthSouth Corp. (a)(d) | 243,240 | 5,866,949 | |
Healthways, Inc. (a) | 92,492 | 1,188,522 | |
Henry Schein, Inc. (a)(d) | 220,388 | 19,663,017 | |
HMS Holdings Corp. (a)(d) | 220,916 | 6,404,355 | |
Hooper Holmes, Inc. (a) | 128,551 | 64,147 | |
InfuSystems Holdings, Inc. (a) | 5,400 | 8,748 | |
IPC The Hospitalist Co., Inc. (a) | 43,764 | 1,824,959 | |
Kindred Healthcare, Inc. (a) | 140,026 | 1,578,093 | |
Landauer, Inc. | 24,048 | 1,411,858 | |
LCA-Vision, Inc. (a) | 49,197 | 142,179 | |
LHC Group, Inc. (a) | 40,565 | 824,281 | |
LifePoint Hospitals, Inc. (a) | 123,734 | 5,455,432 | |
Magellan Health Services, Inc. (a) | 69,977 | 3,608,014 | |
| |||
Shares | Value | ||
MEDNAX, Inc. (a) | 126,763 | $ 10,853,448 | |
Molina Healthcare, Inc. (a)(d) | 77,587 | 2,475,801 | |
MWI Veterinary Supply, Inc. (a)(d) | 30,688 | 3,874,667 | |
National Healthcare Corp. | 33,268 | 1,542,637 | |
National Research Corp. | 7,753 | 440,991 | |
NeoStem, Inc. (a)(d) | 214,786 | 130,053 | |
Omnicare, Inc. | 274,636 | 10,232,937 | |
Owens & Minor, Inc. | 155,625 | 4,738,781 | |
PDI, Inc. (a) | 19,284 | 140,773 | |
PharMerica Corp. (a) | 75,146 | 1,076,842 | |
Providence Service Corp. (a) | 34,776 | 593,974 | |
Psychemedics Corp. | 15,744 | 189,400 | |
RadNet, Inc. (a) | 74,982 | 212,199 | |
Select Medical Holdings Corp. | 118,813 | 1,097,832 | |
Sharps Compliance Corp. (a) | 29,684 | 86,677 | |
Skilled Healthcare Group, Inc. (a)(d) | 74,963 | 436,285 | |
SunLink Health Systems, Inc. (a) | 19,190 | 13,241 | |
Team Health Holdings, Inc. (a) | 86,158 | 2,885,431 | |
The Ensign Group, Inc. | 45,486 | 1,424,622 | |
Triple-S Management Corp. (a) | 46,216 | 830,039 | |
U.S. Physical Therapy, Inc. | 27,554 | 678,379 | |
Universal American Spin Corp. | 106,211 | 885,800 | |
Universal Health Services, Inc. Class B | 225,201 | 13,036,886 | |
Vanguard Health Systems, Inc. (a) | 106,734 | 1,587,135 | |
VCA Antech, Inc. (a)(d) | 222,282 | 4,881,313 | |
Wellcare Health Plans, Inc. (a) | 110,227 | 6,303,882 | |
| 208,879,992 | ||
Health Care Technology - 0.3% | |||
Allscripts Healthcare Solutions, Inc. (a) | 430,727 | 5,478,847 | |
Arrhythmia Research Technology, Inc. | 9,913 | 23,791 | |
athenahealth, Inc. (a)(d) | 90,283 | 8,467,643 | |
Authentidate Holding Corp. (a)(d) | 33,216 | 22,853 | |
CollabRx, Inc. (a) | 177 | 604 | |
Computer Programs & Systems, Inc. | 32,130 | 1,675,258 | |
Epocrates, Inc. (a) | 46,015 | 540,676 | |
Greenway Medical Technologies (d) | 34,410 | 545,399 | |
HealthStream, Inc. (a)(d) | 59,006 | 1,262,138 | |
iCAD, Inc. (a) | 22,614 | 123,246 | |
MedAssets, Inc. (a)(d) | 128,301 | 2,369,719 | |
Medidata Solutions, Inc. (a) | 61,697 | 3,215,648 | |
Merge Healthcare, Inc. (a)(d) | 198,185 | 485,553 | |
Omnicell, Inc. (a) | 104,307 | 1,879,612 | |
Quality Systems, Inc. | 93,934 | 1,739,658 | |
Simulations Plus, Inc. | 26,420 | 105,680 | |
Streamline Health Solutions, Inc. (a) | 17,735 | 98,784 | |
Vocera Communications, Inc. (d) | 14,002 | 369,233 | |
| 28,404,342 | ||
Life Sciences Tools & Services - 1.0% | |||
Accelerate Diagnostics, Inc. (a)(d) | 42,778 | 224,585 | |
Affymetrix, Inc. (a)(d) | 186,657 | 759,694 | |
Albany Molecular Research, Inc. (a) | 52,930 | 427,674 | |
Apricus Biosciences, Inc. (a)(d) | 65,877 | 175,892 | |
BG Medicine, Inc. (a)(d) | 19,157 | 32,950 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Life Sciences Tools & Services - continued | |||
Bio-Rad Laboratories, Inc. Class A (a) | 50,592 | $ 6,232,934 | |
Bioanalytical Systems, Inc. (a)(d) | 4,772 | 7,444 | |
BioClinica, Inc. (a) | 30,779 | 222,840 | |
Bruker BioSciences Corp. (a) | 234,581 | 4,114,551 | |
Cambrex Corp. (a) | 73,010 | 840,345 | |
Charles River Laboratories International, Inc. (a) | 121,309 | 4,942,129 | |
CombiMatrix Corp. (a) | 203 | 757 | |
Complete Genomics, Inc. (a) | 74,375 | 232,794 | |
Covance, Inc. (a) | 145,451 | 9,685,582 | |
Enzo Biochem, Inc. (a) | 71,931 | 215,793 | |
Fluidigm Corp. (a)(d) | 49,302 | 850,953 | |
Furiex Pharmaceuticals, Inc. (a) | 30,575 | 1,133,110 | |
Harvard Bioscience, Inc. (a) | 57,605 | 331,229 | |
Illumina, Inc. (a)(d) | 314,033 | 15,742,474 | |
Luminex Corp. (a) | 115,050 | 1,942,044 | |
Mettler-Toledo International, Inc. (a)(d) | 77,223 | 16,433,054 | |
Pacific Biosciences of California, Inc. (a) | 117,048 | 269,210 | |
PAREXEL International Corp. (a) | 151,344 | 5,250,123 | |
pSivida Corp. (a)(d) | 55,999 | 120,398 | |
PURE Bioscience, Inc. (a)(d) | 26,193 | 17,811 | |
Response Genetics, Inc. (a) | 8,201 | 10,661 | |
Sequenom, Inc. (a)(d) | 324,864 | 1,335,191 | |
Strategic Diagnostics, Inc. (a) | 32,256 | 34,191 | |
Techne Corp. | 89,351 | 6,074,974 | |
Virtualscopics, Inc. (a) | 21,674 | 14,088 | |
| 77,675,475 | ||
Pharmaceuticals - 1.0% | |||
AcelRx Pharmaceuticals, Inc. (a)(d) | 33,539 | 167,695 | |
Acura Pharmaceuticals, Inc. (a)(d) | 28,281 | 58,259 | |
Akorn, Inc. (a)(d) | 193,389 | 2,668,768 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 37,601 | 166,572 | |
Alimera Sciences, Inc. (a) | 16,534 | 49,602 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 71,327 | 276,749 | |
Auxilium Pharmaceuticals, Inc. (a) | 125,781 | 2,144,566 | |
AVANIR Pharmaceuticals Class A (a)(d) | 348,652 | 951,820 | |
Biodel, Inc. (a) | 20,123 | 54,936 | |
Biodelivery Sciences International, Inc. (a) | 71,558 | 269,774 | |
BioSante Pharmaceuticals, Inc. (a)(d) | 58,183 | 76,220 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 134,049 | 656,840 | |
Cempra, Inc. | 24,510 | 159,805 | |
Columbia Laboratories, Inc. (a) | 152,776 | 94,293 | |
Corcept Therapeutics, Inc. (a)(d) | 163,339 | 266,243 | |
Cornerstone Therapeutics, Inc. (a) | 21,886 | 145,980 | |
Cumberland Pharmaceuticals, Inc. (a) | 32,551 | 142,573 | |
DepoMed, Inc. (a)(d) | 128,941 | 834,248 | |
Durect Corp. (a) | 192,572 | 215,681 | |
Echo Therapeutics, Inc. (a)(d) | 90,982 | 68,237 | |
Endo Health Solutions, Inc. (a) | 291,763 | 9,044,653 | |
Endocyte, Inc. (a) | 78,763 | 760,063 | |
| |||
Shares | Value | ||
Heska Corp. | 6,758 | $ 54,807 | |
Hi-Tech Pharmacal Co., Inc. | 29,611 | 1,095,903 | |
Horizon Pharma, Inc. (d) | 101,692 | 214,570 | |
Impax Laboratories, Inc. (a) | 164,829 | 3,268,559 | |
Jazz Pharmaceuticals PLC (a)(d) | 119,184 | 6,934,125 | |
Lannett Co., Inc. (a) | 38,740 | 319,992 | |
MAP Pharmaceuticals, Inc. (a)(d) | 68,332 | 1,708,300 | |
Nektar Therapeutics (a)(d) | 302,419 | 2,803,424 | |
NovaBay Pharmaceuticals, Inc. (a) | 72,124 | 88,713 | |
NuPathe, Inc. (a)(d) | 56,740 | 185,540 | |
Obagi Medical Products, Inc. (a) | 38,431 | 518,050 | |
Omeros Corp. (a)(d) | 54,848 | 297,825 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 124,619 | 1,510,382 | |
Pacira Pharmaceuticals, Inc. (a)(d) | 58,450 | 1,277,717 | |
Pain Therapeutics, Inc. | 81,649 | 239,232 | |
Pernix Therapeutics Holdings, Inc. (a)(d) | 16,867 | 100,527 | |
Pozen, Inc. (a) | 81,989 | 507,512 | |
Questcor Pharmaceuticals, Inc. (d) | 150,099 | 4,893,227 | |
Repros Therapeutics, Inc. (a)(d) | 38,258 | 449,532 | |
Sagent Pharmaceuticals, Inc. (a) | 30,621 | 502,184 | |
Salix Pharmaceuticals Ltd. (a) | 128,042 | 6,254,852 | |
Santarus, Inc. (a) | 124,722 | 1,655,061 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 131,167 | 624,355 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 9,062 | 25,736 | |
Sucampo Pharmaceuticals, Inc. Class A (a) | 31,122 | 159,033 | |
Supernus Pharmaceuticals, Inc. (a)(d) | 40,527 | 310,437 | |
The Medicines Company (a) | 135,414 | 4,307,519 | |
Transcept Pharmaceuticals, Inc. (a) | 34,975 | 202,855 | |
Ventrus Biosciences, Inc. (a)(d) | 45,264 | 138,508 | |
ViroPharma, Inc. (a)(d) | 176,620 | 4,404,903 | |
VIVUS, Inc. (a)(d) | 256,380 | 2,748,394 | |
Warner Chilcott PLC | 445,274 | 6,015,652 | |
XenoPort, Inc. (a) | 106,787 | 815,853 | |
Zoetis, Inc. Class A (d) | 211,300 | 7,067,985 | |
Zogenix, Inc. (a)(d) | 158,950 | 297,237 | |
| 81,272,078 | ||
TOTAL HEALTH CARE | 857,312,452 | ||
INDUSTRIALS - 15.3% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. | 104,918 | 1,843,409 | |
AeroVironment, Inc. (a)(d) | 58,230 | 1,288,048 | |
Alliant Techsystems, Inc. | 88,425 | 5,818,365 | |
American Science & Engineering, Inc. | 23,785 | 1,487,514 | |
API Technologies Corp. (a) | 67,799 | 177,633 | |
Ascent Solar Technologies, Inc. (a)(d) | 112,670 | 73,236 | |
Astronics Corp. (a) | 27,943 | 769,830 | |
Astrotech Corp. (a) | 39,511 | 32,794 | |
BE Aerospace, Inc. (a) | 263,520 | 13,863,787 | |
Breeze Industrial Products Corp. (a) | 10,964 | 89,357 | |
CPI Aerostructures, Inc. (a) | 13,911 | 123,808 | |
Cubic Corp. | 43,040 | 1,796,490 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Aerospace & Defense - continued | |||
Curtiss-Wright Corp. | 124,901 | $ 4,335,314 | |
DigitalGlobe, Inc. (a) | 187,731 | 4,896,024 | |
Ducommun, Inc. (a) | 21,976 | 340,628 | |
EDAC Technologies Corp. (a)(d) | 23,390 | 357,867 | |
Engility Holdings, Inc. (a)(d) | 38,954 | 735,062 | |
Esterline Technologies Corp. (a) | 78,591 | 5,417,278 | |
Exelis, Inc. | 480,809 | 4,961,949 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 150,086 | 1,808,536 | |
HEICO Corp. Class A | 108,929 | 3,627,336 | |
Hexcel Corp. (a) | 258,459 | 7,043,008 | |
Huntington Ingalls Industries, Inc. | 124,561 | 5,983,910 | |
Innovative Solutions & Support, Inc. | 13,417 | 61,450 | |
KEYW Holding Corp. (a)(d) | 62,569 | 907,251 | |
Kratos Defense & Security Solutions, Inc. (a) | 125,424 | 530,544 | |
LMI Aerospace, Inc. (a) | 26,052 | 577,052 | |
Moog, Inc. Class A (a)(d) | 117,980 | 5,304,381 | |
National Presto Industries, Inc. (d) | 11,507 | 874,417 | |
Orbital Sciences Corp. (a) | 153,534 | 2,269,233 | |
SIFCO Industries, Inc. | 1,004 | 16,104 | |
Sparton Corp. (a) | 27,651 | 396,515 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 289,178 | 5,034,589 | |
Sypris Solutions, Inc. | 19,374 | 80,208 | |
Taser International, Inc. (a)(d) | 148,024 | 1,102,779 | |
Teledyne Technologies, Inc. (a) | 97,975 | 7,209,001 | |
TransDigm Group, Inc. | 113,937 | 16,217,793 | |
Triumph Group, Inc. | 125,378 | 9,203,999 | |
| 116,656,499 | ||
Air Freight & Logistics - 0.2% | |||
Air Transport Services Group, Inc. (a) | 147,619 | 814,857 | |
Atlas Air Worldwide Holdings, Inc. (a) | 67,651 | 3,192,451 | |
Echo Global Logistics, Inc. (a) | 37,459 | 698,610 | |
Forward Air Corp. | 75,798 | 2,859,101 | |
Hub Group, Inc. Class A (a) | 88,813 | 3,350,914 | |
Pacer International, Inc. (a)(d) | 104,856 | 435,152 | |
Park-Ohio Holdings Corp. (a) | 19,844 | 403,627 | |
Radiant Logistics, Inc. (a)(d) | 37,185 | 80,320 | |
UTI Worldwide, Inc. | 270,943 | 4,126,462 | |
XPO Logistics, Inc. (a)(d) | 44,583 | 776,636 | |
| 16,738,130 | ||
Airlines - 1.0% | |||
Alaska Air Group, Inc. (a) | 177,402 | 9,145,073 | |
Allegiant Travel Co. | 44,093 | 3,540,227 | |
Delta Air Lines, Inc. (a) | 2,154,418 | 30,743,545 | |
Hawaiian Holdings, Inc. (a) | 198,497 | 1,123,493 | |
JetBlue Airways Corp. (a)(d) | 542,876 | 3,289,829 | |
Republic Airways Holdings, Inc. (a) | 96,210 | 905,336 | |
SkyWest, Inc. | 136,727 | 1,914,178 | |
Spirit Airlines, Inc. (a) | 117,043 | 2,370,121 | |
| |||
Shares | Value | ||
United Continental Holdings, Inc. (a)(d) | 848,247 | $ 22,656,677 | |
US Airways Group, Inc. (a)(d) | 408,105 | 5,480,850 | |
| 81,169,329 | ||
Building Products - 0.9% | |||
A.O. Smith Corp. (d) | 97,665 | 6,985,977 | |
AAON, Inc. | 52,998 | 1,275,132 | |
Ameresco, Inc. Class A (a) | 37,825 | 314,326 | |
American Woodmark Corp. (a) | 23,542 | 755,698 | |
Apogee Enterprises, Inc. | 75,723 | 1,952,896 | |
Armstrong World Industries, Inc. | 55,055 | 2,814,962 | |
Builders FirstSource, Inc. (a)(d) | 140,285 | 848,724 | |
Fortune Brands Home & Security, Inc. (a) | 411,448 | 14,215,528 | |
Gibraltar Industries, Inc. (a) | 77,978 | 1,337,323 | |
Griffon Corp. | 118,467 | 1,335,123 | |
Insteel Industries, Inc. | 42,106 | 669,064 | |
Lennox International, Inc. | 121,219 | 7,160,406 | |
NCI Building Systems, Inc. (a) | 46,116 | 753,997 | |
Nortek, Inc. (a) | 38,111 | 2,741,705 | |
Owens Corning (a) | 297,245 | 11,536,078 | |
Patrick Industries, Inc. (a) | 26,243 | 347,982 | |
PGT, Inc. (a) | 39,408 | 227,384 | |
Quanex Building Products Corp. | 100,861 | 2,008,143 | |
Simpson Manufacturing Co. Ltd. | 103,993 | 3,026,196 | |
Trex Co., Inc. (a) | 41,611 | 1,965,704 | |
Universal Forest Products, Inc. | 48,657 | 1,974,501 | |
USG Corp. (a)(d) | 227,717 | 6,426,174 | |
| 70,673,023 | ||
Commercial Services & Supplies - 1.6% | |||
A.T. Cross Co. Class A (a) | 14,209 | 173,492 | |
ABM Industries, Inc. | 133,763 | 3,036,420 | |
ACCO Brands Corp. (d) | 281,333 | 2,109,998 | |
Acme United Corp. | 1,357 | 16,963 | |
Acorn Energy, Inc. (d) | 65,930 | 429,204 | |
Amrep Corp. (a) | 2,187 | 19,005 | |
ARC Document Solutions, Inc. (a) | 75,972 | 170,937 | |
Avalon Holdings Corp. Class A (a) | 128 | 516 | |
Casella Waste Systems, Inc. Class A (a) | 82,726 | 387,158 | |
CECO Environmental Corp. | 12,938 | 139,730 | |
Cenveo, Inc. (a)(d) | 149,628 | 314,219 | |
Clean Harbors, Inc. (a)(d) | 133,807 | 6,891,061 | |
Command Security Corp. (a) | 4,127 | 8,254 | |
CompX International, Inc. Class A | 729 | 10,301 | |
Consolidated Graphics, Inc. (a) | 28,556 | 1,102,262 | |
Copart, Inc. (a) | 283,802 | 9,689,000 | |
Corrections Corp. of America | 249,536 | 9,569,706 | |
Courier Corp. | 28,388 | 356,269 | |
Covanta Holding Corp. | 329,974 | 6,454,291 | |
Deluxe Corp. | 131,004 | 5,198,239 | |
Ecology & Environment, Inc. Class A | 5,634 | 71,834 | |
EnergySolutions, Inc. (a) | 216,256 | 804,472 | |
EnerNOC, Inc. (a)(d) | 58,407 | 963,131 | |
Ennis, Inc. | 62,398 | 977,153 | |
Food Technology Service, Inc. (a) | 11,431 | 57,955 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Commercial Services & Supplies - continued | |||
Fuel Tech, Inc. (a) | 72,552 | $ 321,405 | |
G&K Services, Inc. Class A | 46,590 | 1,941,405 | |
Healthcare Services Group, Inc. | 174,544 | 4,206,510 | |
Heritage-Crystal Clean, Inc. (a) | 21,398 | 315,621 | |
Herman Miller, Inc. | 148,937 | 3,574,488 | |
HNI Corp. | 119,118 | 3,759,364 | |
Hudson Technologies, Inc. (a)(d) | 28,458 | 123,792 | |
Humitech International Group, Inc. (a) | 75 | 0 | |
Industrial Services of America, Inc. (a)(d) | 12,843 | 38,529 | |
InnerWorkings, Inc. (a)(d) | 95,061 | 1,404,051 | |
Interface, Inc. | 147,065 | 2,692,760 | |
Intersections, Inc. | 42,827 | 449,255 | |
KAR Auction Services, Inc. | 206,771 | 4,387,681 | |
Kimball International, Inc. Class B (d) | 72,750 | 670,028 | |
Knoll, Inc. | 116,160 | 1,977,043 | |
McGrath RentCorp. | 56,348 | 1,661,703 | |
Metalico, Inc. (a) | 92,179 | 151,174 | |
Mine Safety Appliances Co. | 81,018 | 3,795,693 | |
Mobile Mini, Inc. (a)(d) | 96,079 | 2,586,447 | |
Multi-Color Corp. | 31,465 | 759,250 | |
NL Industries, Inc. | 19,361 | 247,821 | |
Performant Financial Corp. (d) | 28,168 | 373,226 | |
Perma-Fix Environmental Services, Inc. (a) | 121,671 | 110,721 | |
Quad/Graphics, Inc. (d) | 71,598 | 1,557,257 | |
R.R. Donnelley & Sons Co. (d) | 468,813 | 4,894,408 | |
Rollins, Inc. | 179,548 | 4,400,721 | |
Schawk, Inc. Class A | 27,510 | 296,008 | |
Standard Parking Corp. (a) | 32,024 | 664,658 | |
Standard Register Co. | 38,184 | 20,238 | |
Steelcase, Inc. Class A | 202,661 | 2,867,653 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 280,336 | 395,273 | |
Team, Inc. (a) | 47,239 | 2,071,903 | |
Tetra Tech, Inc. (a) | 166,530 | 4,806,056 | |
The Brink's Co. | 122,492 | 3,239,913 | |
TMS International Corp. (a) | 32,866 | 452,893 | |
TRC Companies, Inc. (a) | 38,382 | 247,180 | |
Unifirst Corp. Massachusetts | 36,491 | 3,048,458 | |
United Stationers, Inc. | 100,653 | 3,643,639 | |
US Ecology, Inc. | 55,220 | 1,373,321 | |
Versar, Inc. (a) | 11,390 | 51,483 | |
Viad Corp. | 54,545 | 1,497,806 | |
Virco Manufacturing Co. (a) | 4,818 | 12,575 | |
Waste Connections, Inc. | 314,949 | 10,774,405 | |
| 130,815,385 | ||
Construction & Engineering - 0.8% | |||
AECOM Technology Corp. (a) | 271,572 | 8,231,347 | |
Aegion Corp. (a)(d) | 104,477 | 2,510,582 | |
Argan, Inc. | 22,538 | 377,061 | |
Comfort Systems USA, Inc. | 92,893 | 1,159,305 | |
Dycom Industries, Inc. (a) | 99,803 | 2,090,873 | |
| |||
Shares | Value | ||
EMCOR Group, Inc. | 165,518 | $ 6,384,029 | |
Foster Wheeler AG (a) | 276,637 | 6,655,886 | |
Furmanite Corp. (a) | 78,211 | 466,920 | |
Goldfield Corp. | 60,575 | 226,551 | |
Granite Construction, Inc. | 92,482 | 2,875,265 | |
Great Lakes Dredge & Dock Corp. | 138,854 | 1,353,827 | |
Integrated Electrical Services, Inc. (a) | 10,323 | 59,873 | |
KBR, Inc. | 375,620 | 11,415,092 | |
Layne Christensen Co. (a) | 45,631 | 1,003,426 | |
MasTec, Inc. (a)(d) | 175,283 | 5,274,265 | |
Michael Baker Corp. | 16,454 | 398,845 | |
MYR Group, Inc. (a) | 49,455 | 1,147,851 | |
Northwest Pipe Co. (a) | 22,062 | 526,841 | |
Orion Marine Group, Inc. (a) | 67,799 | 645,446 | |
Pike Electric Corp. | 54,412 | 758,503 | |
Primoris Services Corp. | 107,760 | 2,020,500 | |
Sterling Construction Co., Inc. (a) | 38,185 | 431,491 | |
Tutor Perini Corp. (a) | 94,915 | 1,614,504 | |
UniTek Global Services, Inc. (a) | 33,766 | 118,856 | |
URS Corp. | 194,840 | 8,233,938 | |
Willdan Group, Inc. (a) | 13,349 | 27,766 | |
| 66,008,843 | ||
Electrical Equipment - 1.3% | |||
Active Power, Inc. (a) | 47,662 | 217,815 | |
Acuity Brands, Inc. | 107,141 | 7,299,516 | |
Allied Motion Technologies, Inc. | 14,531 | 101,717 | |
Altair Nanotechnologies, Inc. (a)(d) | 24,072 | 49,588 | |
American Superconductor Corp. (a)(d) | 110,038 | 318,010 | |
AMETEK, Inc. | 618,657 | 25,878,422 | |
AZZ, Inc. | 65,095 | 2,907,143 | |
Babcock & Wilcox Co. | 299,258 | 8,085,951 | |
Belden, Inc. | 114,999 | 5,791,350 | |
Brady Corp. Class A | 110,764 | 3,771,514 | |
Broadwind Energy, Inc. (a) | 35,083 | 118,230 | |
Capstone Turbine Corp. (a)(d) | 859,748 | 833,956 | |
Coleman Cable, Inc. | 32,333 | 320,420 | |
Digital Power Corp. (a) | 4,959 | 3,422 | |
Ecotality, Inc. (a)(d) | 41,249 | 31,349 | |
Encore Wire Corp. | 50,532 | 1,651,891 | |
EnerSys (a) | 130,936 | 5,352,664 | |
Enphase Energy, Inc. (d) | 24,560 | 121,081 | |
Espey Manufacturing & Electronics Corp. | 2,487 | 64,165 | |
Franklin Electric Co., Inc. | 58,175 | 3,785,447 | |
FuelCell Energy, Inc. (a)(d) | 326,527 | 346,119 | |
Generac Holdings, Inc. (d) | 74,996 | 2,583,612 | |
General Cable Corp. (a)(d) | 121,987 | 4,018,252 | |
Global Power Equipment Group, Inc. (d) | 37,928 | 636,432 | |
GrafTech International Ltd. (a)(d) | 333,761 | 2,466,494 | |
Hubbell, Inc. Class B | 133,286 | 12,383,602 | |
II-VI, Inc. (a)(d) | 141,517 | 2,452,490 | |
Lime Energy Co. (a)(d) | 31,271 | 23,766 | |
LSI Industries, Inc. | 51,035 | 351,631 | |
MagneTek, Inc. (a) | 6,645 | 83,063 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Ocean Power Technologies, Inc. (a)(d) | 24,836 | $ 48,927 | |
Orion Energy Systems, Inc. (a) | 65,072 | 182,852 | |
Plug Power, Inc. (a)(d) | 70,828 | 12,041 | |
Polypore International, Inc. (a)(d) | 120,764 | 4,622,846 | |
Powell Industries, Inc. (a)(d) | 28,189 | 1,640,882 | |
PowerSecure International, Inc. (a) | 41,535 | 350,971 | |
Preformed Line Products Co. | 7,217 | 511,108 | |
Regal-Beloit Corp. | 110,846 | 8,566,179 | |
Revolution Lighting Technologies, Inc. (a) | 32,997 | 33,987 | |
SL Industries, Inc. | 9,878 | 187,089 | |
SolarCity Corp. (d) | 32,926 | 596,290 | |
Thermon Group Holdings, Inc. (a)(d) | 42,206 | 865,223 | |
Ultralife Corp. (a) | 43,594 | 165,657 | |
Universal Security Instruments, Inc. (a) | 4,000 | 16,720 | |
Vicor Corp. (a) | 52,357 | 276,445 | |
Zbb Energy Corp. (a)(d) | 174,198 | 54,001 | |
| 110,180,330 | ||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 160,567 | 10,897,682 | |
Raven Industries, Inc. | 95,542 | 2,697,151 | |
Seaboard Corp. | 896 | 2,556,279 | |
| 16,151,112 | ||
Machinery - 3.9% | |||
Accuride Corp. (a) | 109,296 | 442,649 | |
Actuant Corp. Class A (d) | 193,653 | 5,888,988 | |
Adept Technology, Inc. (a) | 2,678 | 7,980 | |
AGCO Corp. | 244,503 | 12,587,014 | |
Alamo Group, Inc. | 22,876 | 818,503 | |
Albany International Corp. Class A | 75,138 | 2,145,941 | |
Altra Holdings, Inc. | 71,338 | 1,836,240 | |
American Railcar Industries, Inc. | 22,404 | 977,711 | |
Ampco-Pittsburgh Corp. (d) | 25,813 | 482,961 | |
Art's-Way Manufacturing Co., Inc. | 9,831 | 66,851 | |
Astec Industries, Inc. | 56,072 | 1,996,724 | |
Barnes Group, Inc. | 118,006 | 3,140,140 | |
Blount International, Inc. (a) | 122,631 | 1,848,049 | |
Briggs & Stratton Corp. | 124,900 | 3,055,054 | |
Cascade Corp. | 25,406 | 1,632,336 | |
Chart Industries, Inc. (a) | 78,179 | 5,672,668 | |
Chicago Rivet & Machine Co. | 772 | 16,529 | |
CIRCOR International, Inc. | 43,123 | 1,797,367 | |
CLARCOR, Inc. | 129,228 | 6,589,336 | |
Colfax Corp. (a)(d) | 167,438 | 7,266,809 | |
Columbus McKinnon Corp. (NY Shares) (a)(d) | 62,931 | 1,234,706 | |
Commercial Vehicle Group, Inc. (a) | 67,579 | 533,874 | |
Crane Co. | 119,466 | 6,424,881 | |
Donaldson Co., Inc. | 347,229 | 12,510,661 | |
Douglas Dynamics, Inc. | 51,117 | 726,884 | |
Dynamic Materials Corp. | 39,486 | 667,313 | |
| |||
Shares | Value | ||
Eastern Co. | 11,293 | $ 187,803 | |
Energy Recovery, Inc. (a) | 100,626 | 495,080 | |
EnPro Industries, Inc. (a)(d) | 60,790 | 2,828,559 | |
ESCO Technologies, Inc. | 69,853 | 2,833,238 | |
ExOne Co. (d) | 13,500 | 367,065 | |
Federal Signal Corp. (a) | 176,519 | 1,376,848 | |
Flow International Corp. (a) | 102,629 | 380,754 | |
FreightCar America, Inc. | 47,091 | 990,324 | |
Gardner Denver, Inc. | 128,070 | 9,091,689 | |
Gorman-Rupp Co. | 40,313 | 1,162,627 | |
Graco, Inc. | 150,898 | 8,767,174 | |
Graham Corp. | 27,199 | 633,465 | |
Greenbrier Companies, Inc. (a)(d) | 60,820 | 1,231,605 | |
Hardinge, Inc. | 25,807 | 337,556 | |
Harsco Corp. | 199,789 | 4,790,940 | |
Hurco Companies, Inc. (a) | 14,365 | 403,944 | |
Hyster-Yale Materials Handling Class A | 24,122 | 1,235,770 | |
IDEX Corp. (d) | 207,153 | 10,550,302 | |
ITT Corp. | 227,680 | 5,994,814 | |
John Bean Technologies Corp. | 65,566 | 1,208,381 | |
Kadant, Inc. | 25,872 | 635,158 | |
Kaydon Corp. | 86,633 | 2,166,691 | |
Kennametal, Inc. | 201,189 | 8,144,131 | |
Key Technology, Inc. (a) | 12,346 | 151,856 | |
L.B. Foster Co. Class A | 22,446 | 991,215 | |
Lincoln Electric Holdings, Inc. | 211,800 | 11,871,390 | |
Lindsay Corp. (d) | 33,391 | 2,853,261 | |
Lydall, Inc. (a) | 38,154 | 574,599 | |
Manitex International, Inc. (a) | 28,579 | 273,787 | |
Manitowoc Co., Inc. | 333,099 | 6,168,993 | |
Meritor, Inc. (a)(d) | 237,010 | 1,042,844 | |
Met-Pro Corp. | 50,167 | 494,647 | |
MFRI, Inc. (a) | 13,428 | 98,696 | |
Middleby Corp. (a)(d) | 48,323 | 7,215,107 | |
Miller Industries, Inc. | 29,446 | 468,780 | |
Mueller Industries, Inc. | 72,087 | 3,833,587 | |
Mueller Water Products, Inc. Class A | 422,513 | 2,374,523 | |
Navistar International Corp. (a)(d) | 201,765 | 5,009,825 | |
NN, Inc. (a)(d) | 36,484 | 315,951 | |
Nordson Corp. | 145,604 | 9,231,294 | |
Omega Flex, Inc. | 5,411 | 75,375 | |
Oshkosh Truck Corp. (a) | 232,350 | 8,959,416 | |
PMFG, Inc. (a) | 42,899 | 290,426 | |
Proto Labs, Inc. | 23,157 | 1,076,569 | |
RBC Bearings, Inc. (a)(d) | 57,106 | 2,846,163 | |
Rexnord Corp. | 69,892 | 1,423,700 | |
Sauer-Danfoss, Inc. | 30,572 | 1,654,557 | |
SPX Corp. | 128,848 | 10,373,552 | |
Standex International Corp. | 30,898 | 1,662,930 | |
Sun Hydraulics Corp. | 65,494 | 1,826,628 | |
Taylor Devices, Inc. (a) | 3,820 | 33,616 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 42,740 | 387,224 | |
Tennant Co. | 48,857 | 2,280,156 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Terex Corp. (a)(d) | 281,812 | $ 9,246,252 | |
The L.S. Starrett Co. Class A | 14,574 | 159,877 | |
Timken Co. | 200,975 | 10,916,962 | |
Titan International, Inc. (d) | 124,067 | 2,619,054 | |
Toro Co. | 154,434 | 6,964,973 | |
TriMas Corp. (a) | 86,923 | 2,493,821 | |
Trinity Industries, Inc. | 196,546 | 8,498,649 | |
Twin Disc, Inc. (d) | 18,379 | 439,258 | |
Valmont Industries, Inc. | 58,823 | 9,267,564 | |
Wabash National Corp. (a)(d) | 208,685 | 1,990,855 | |
WABCO Holdings, Inc. (a) | 159,774 | 10,979,669 | |
Wabtec Corp. | 120,765 | 11,809,609 | |
Watts Water Technologies, Inc. Class A | 71,561 | 3,359,073 | |
Woodward, Inc. | 157,581 | 5,898,257 | |
WSI Industries, Inc. | 5,668 | 38,769 | |
| 316,725,396 | ||
Marine - 0.2% | |||
Baltic Trading Ltd. | 60,265 | 221,775 | |
Eagle Bulk Shipping, Inc. (a)(d) | 42,249 | 81,963 | |
Genco Shipping & Trading Ltd. (a)(d) | 81,839 | 210,326 | |
International Shipholding Corp. | 22,466 | 411,352 | |
Kirby Corp. (a)(d) | 140,406 | 10,668,048 | |
Matson, Inc. | 108,614 | 2,792,466 | |
Rand Logistics, Inc. (a)(d) | 27,482 | 156,647 | |
| 14,542,577 | ||
Professional Services - 1.4% | |||
Acacia Research Corp. (a) | 126,439 | 3,535,234 | |
Advisory Board Co. (a) | 89,552 | 4,550,137 | |
Barrett Business Services, Inc. | 16,947 | 740,245 | |
CBIZ, Inc. (a)(d) | 118,229 | 751,936 | |
CDI Corp. | 25,347 | 417,212 | |
Corporate Executive Board Co. | 85,868 | 4,648,894 | |
CRA International, Inc. (a) | 23,173 | 512,355 | |
CTPartners Executive Search, Inc. (a) | 10,063 | 37,736 | |
DLH Holdings Corp. (a) | 2,300 | 2,530 | |
Dolan Co. (a) | 73,005 | 212,445 | |
Exponent, Inc. | 32,601 | 1,638,852 | |
Franklin Covey Co. (a) | 35,617 | 492,227 | |
FTI Consulting, Inc. (a) | 106,450 | 3,698,073 | |
GP Strategies Corp. (a) | 42,212 | 911,357 | |
Heidrick & Struggles International, Inc. | 40,267 | 547,631 | |
Hill International, Inc. (a) | 70,728 | 241,182 | |
Hudson Global, Inc. (a) | 67,394 | 248,010 | |
Huron Consulting Group, Inc. (a) | 58,019 | 2,273,765 | |
ICF International, Inc. (a) | 49,938 | 1,235,466 | |
IHS, Inc. Class A (a) | 133,202 | 14,152,713 | |
Innovaro, Inc. (a)(d) | 10,333 | 1,808 | |
Insperity, Inc. | 58,666 | 1,663,181 | |
Kelly Services, Inc. Class A (non-vtg.) | 67,625 | 1,194,258 | |
Kforce, Inc. | 104,013 | 1,512,349 | |
| |||
Shares | Value | ||
Korn/Ferry International (a) | 120,823 | $ 2,236,434 | |
Lightbridge Corp. (a) | 24,428 | 52,520 | |
Luna Innovations, Inc. (a) | 26,569 | 31,086 | |
Manpower, Inc. | 200,859 | 10,966,901 | |
Mastech Holdings, Inc. | 2,512 | 18,815 | |
MISTRAS Group, Inc. (a) | 39,766 | 813,215 | |
National Technical Systems, Inc. (a) | 1,200 | 9,576 | |
Navigant Consulting, Inc. (a) | 130,349 | 1,659,343 | |
Nielsen Holdings B.V. | 417,729 | 14,073,290 | |
Odyssey Marine Exploration, Inc. (a)(d) | 151,557 | 530,450 | |
On Assignment, Inc. (a)(d) | 113,398 | 2,478,880 | |
Pendrell Corp. (a)(d) | 419,705 | 600,178 | |
RCM Technologies, Inc. | 26,829 | 151,852 | |
Resources Connection, Inc. | 100,946 | 1,232,551 | |
RPX Corp. (a) | 57,399 | 680,178 | |
Spherix, Inc. (a) | 26 | 301 | |
Towers Watson & Co. | 146,014 | 9,720,152 | |
TrueBlue, Inc. (a) | 98,909 | 1,917,846 | |
Verisk Analytics, Inc. (a) | 371,249 | 21,725,491 | |
VSE Corp. | 9,167 | 210,016 | |
WageWorks, Inc. (a) | 22,582 | 533,161 | |
| 114,861,832 | ||
Road & Rail - 1.4% | |||
AMERCO | 19,305 | 2,909,457 | |
Arkansas Best Corp. | 60,483 | 697,974 | |
Avis Budget Group, Inc. (a)(d) | 261,009 | 6,099,780 | |
Celadon Group, Inc. | 66,150 | 1,318,370 | |
Con-way, Inc. | 138,902 | 4,882,405 | |
Covenant Transport Group, Inc. Class A (a) | 20,231 | 120,374 | |
Frozen Food Express Industries, Inc. (a) | 33,709 | 57,305 | |
Genesee & Wyoming, Inc. Class A (a) | 108,963 | 9,754,368 | |
Heartland Express, Inc. (d) | 171,278 | 2,324,242 | |
Hertz Global Holdings, Inc. (a)(d) | 760,586 | 15,173,691 | |
J.B. Hunt Transport Services, Inc. (d) | 230,907 | 16,052,655 | |
Kansas City Southern | 278,771 | 28,705,050 | |
Knight Transportation, Inc. | 147,277 | 2,306,358 | |
Landstar System, Inc. | 116,498 | 6,557,672 | |
Marten Transport Ltd. | 61,356 | 1,270,069 | |
Old Dominion Freight Lines, Inc. (a) | 186,709 | 6,712,189 | |
P.A.M. Transportation Services, Inc. | 12,026 | 123,387 | |
Patriot Transportation Holding, Inc. (a) | 15,144 | 411,614 | |
Quality Distribution, Inc. (a) | 56,949 | 449,328 | |
Roadrunner Transportation Systems, Inc. (a) | 39,403 | 897,600 | |
Saia, Inc. (a) | 38,313 | 1,230,997 | |
Swift Transporation Co. (a) | 209,816 | 2,838,810 | |
Universal Truckload Services, Inc. | 18,107 | 330,272 | |
USA Truck, Inc. (a) | 17,441 | 86,159 | |
Werner Enterprises, Inc. | 113,761 | 2,618,778 | |
YRC Worldwide, Inc. (a)(d) | 32,458 | 198,968 | |
Zipcar, Inc. (a) | 65,085 | 795,990 | |
| 114,923,862 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Trading Companies & Distributors - 1.0% | |||
Aceto Corp. | 75,715 | $ 788,193 | |
AeroCentury Corp. (a) | 740 | 11,840 | |
Air Lease Corp. Class A (d) | 173,320 | 4,709,104 | |
Aircastle Ltd. | 140,239 | 1,889,019 | |
Applied Industrial Technologies, Inc. | 104,833 | 4,550,801 | |
Beacon Roofing Supply, Inc. (a)(d) | 118,502 | 4,372,724 | |
BlueLinx Corp. (a)(d) | 34,870 | 101,820 | |
BlueLinx Corp. rights (a) | 34,870 | 14,626 | |
CAI International, Inc. (a) | 38,758 | 1,069,721 | |
DXP Enterprises, Inc. (a) | 33,811 | 2,103,044 | |
Edgen Group, Inc. Class A | 69,427 | 556,805 | |
Erickson Air-Crane, Inc. | 9,487 | 126,367 | |
Essex Rental Corp. (a)(d) | 27,827 | 112,978 | |
GATX Corp. | 116,755 | 5,820,237 | |
H&E Equipment Services, Inc. (d) | 78,968 | 1,536,717 | |
Houston Wire & Cable Co. | 39,527 | 460,094 | |
Kaman Corp. | 68,438 | 2,388,486 | |
Lawson Products, Inc. | 23,255 | 331,151 | |
MRC Global, Inc. | 57,366 | 1,762,284 | |
MSC Industrial Direct Co., Inc. Class A | 117,551 | 10,029,451 | |
Rush Enterprises, Inc. Class A (a)(d) | 86,575 | 2,121,088 | |
TAL International Group, Inc. | 78,794 | 3,392,082 | |
Textainer Group Holdings Ltd. | 56,757 | 2,295,253 | |
Titan Machinery, Inc. (a)(d) | 43,138 | 1,218,649 | |
Transcat, Inc. (a) | 4,695 | 29,860 | |
United Rentals, Inc. (a)(d) | 233,599 | 12,476,523 | |
Watsco, Inc. | 76,098 | 5,925,751 | |
WESCO International, Inc. (a)(d) | 111,012 | 8,203,787 | |
Willis Lease Finance Corp. (a) | 19,324 | 290,053 | |
| 78,688,508 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 59,559 | 810,002 | |
TOTAL INDUSTRIALS | 1,248,944,828 | ||
INFORMATION TECHNOLOGY - 14.8% | |||
Communications Equipment - 1.2% | |||
Acme Packet, Inc. (a)(d) | 146,106 | 4,263,373 | |
ADTRAN, Inc. (d) | 161,172 | 3,600,582 | |
Alliance Fiber Optic Products, Inc. | 9,905 | 109,747 | |
Ambient Corp. (a)(d) | 4,086 | 11,032 | |
American Electric Technologies, Inc. (a) | 1,200 | 5,988 | |
Anaren, Inc. (a) | 53,781 | 1,040,662 | |
Arris Group, Inc. (a)(d) | 275,521 | 4,780,289 | |
Aruba Networks, Inc. (a)(d) | 276,504 | 6,890,480 | |
Aviat Networks, Inc. (a) | 141,125 | 502,405 | |
Aware, Inc. | 7,727 | 38,635 | |
Bel Fuse, Inc. Class B (non-vtg.) | 23,302 | 388,211 | |
Black Box Corp. | 57,867 | 1,403,853 | |
| |||
Shares | Value | ||
Brocade Communications Systems, Inc. (a) | 1,157,149 | $ 6,491,606 | |
CalAmp Corp. (a) | 65,195 | 713,885 | |
Calix Networks, Inc. (a)(d) | 75,213 | 644,575 | |
Ciena Corp. (a)(d) | 247,836 | 3,777,021 | |
Clearfield, Inc. (a) | 20,779 | 114,908 | |
ClearOne, Inc. (a) | 5,738 | 37,240 | |
Communications Systems, Inc. | 7,926 | 84,808 | |
Comtech Telecommunications Corp. | 62,000 | 1,660,360 | |
Dialogic, Inc. (a) | 8,251 | 17,080 | |
Digi International, Inc. (a) | 59,093 | 582,657 | |
EchoStar Holding Corp. Class A (a) | 114,498 | 4,332,604 | |
EMCORE Corp. (a)(d) | 83,286 | 485,557 | |
Emulex Corp. (a) | 242,671 | 1,565,228 | |
Entrada Networks, Inc. (a) | 292 | 0 | |
Extreme Networks, Inc. (a) | 291,313 | 1,019,596 | |
Finisar Corp. (a)(d) | 234,487 | 3,435,235 | |
Globecomm Systems, Inc. (a)(d) | 50,981 | 618,909 | |
Harmonic, Inc. (a) | 368,487 | 2,096,691 | |
Infinera Corp. (a)(d) | 276,140 | 1,792,149 | |
InterDigital, Inc. | 107,858 | 4,788,895 | |
Ixia (a)(d) | 132,326 | 2,683,571 | |
KVH Industries, Inc. (a)(d) | 38,479 | 512,540 | |
Lantronix, Inc. (a) | 2,994 | 5,898 | |
Loral Space & Communications Ltd. | 31,853 | 1,855,119 | |
Meru Networks, Inc. (a)(d) | 34,816 | 155,628 | |
NETGEAR, Inc. (a) | 98,312 | 3,347,524 | |
NumereX Corp. Class A (a) | 22,215 | 273,022 | |
Oclaro, Inc. (a)(d) | 193,484 | 257,334 | |
Oplink Communications, Inc. (a) | 41,842 | 642,693 | |
Optical Cable Corp. | 11,466 | 46,323 | |
Palo Alto Networks, Inc. (d) | 84,383 | 5,158,333 | |
Parkervision, Inc. (a)(d) | 198,476 | 791,919 | |
PC-Tel, Inc. | 41,380 | 286,350 | |
Performance Technologies, Inc. (a) | 4,304 | 4,007 | |
Plantronics, Inc. | 110,217 | 4,448,358 | |
Polycom, Inc. (a) | 433,677 | 3,950,797 | |
Procera Networks, Inc. (a) | 56,021 | 655,446 | |
Relm Wireless Corp. (a) | 22,872 | 49,632 | |
Riverbed Technology, Inc. (a) | 405,439 | 6,195,108 | |
Ruckus Wireless, Inc. (d) | 20,502 | 437,923 | |
ShoreTel, Inc. (a)(d) | 146,587 | 595,143 | |
Sonus Networks, Inc. (a) | 711,127 | 1,742,261 | |
Sycamore Networks, Inc. (d) | 78,342 | 178,620 | |
Symmetricom, Inc. (a) | 84,462 | 417,242 | |
Technical Communications Corp. | 2,835 | 11,822 | |
Tellabs, Inc. | 876,094 | 1,778,471 | |
Telular Corp. | 34,165 | 340,283 | |
Tessco Technologies, Inc. | 20,333 | 462,982 | |
Ubiquiti Networks, Inc. (d) | 28,412 | 391,233 | |
ViaSat, Inc. (a)(d) | 102,613 | 4,818,706 | |
Westell Technologies, Inc. Class A (a) | 132,720 | 241,550 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Zhone Technologies, Inc. (a) | 52,950 | $ 47,126 | |
Zoom Technologies, Inc. (a)(d) | 47,286 | 34,046 | |
| 100,111,271 | ||
Computers & Peripherals - 0.6% | |||
3D Systems Corp. (a)(d) | 188,076 | 6,951,289 | |
Avid Technology, Inc. (a)(d) | 74,098 | 513,499 | |
Concurrent Computer Corp. | 10,743 | 75,094 | |
Cray, Inc. (a) | 92,594 | 1,791,694 | |
Crossroads Systems, Inc. (a) | 24,612 | 39,379 | |
Datalink Corp. (a) | 37,984 | 394,274 | |
Dataram Corp. (a) | 23,649 | 8,041 | |
Diebold, Inc. | 165,548 | 4,675,076 | |
Dot Hill Systems Corp. (a) | 105,073 | 136,595 | |
Electronics for Imaging, Inc. (a) | 119,049 | 2,745,270 | |
Fusion-io, Inc. (a)(d) | 178,187 | 3,007,797 | |
Hauppauge Digital, Inc. (a) | 28,370 | 23,547 | |
Hutchinson Technology, Inc. (a)(d) | 81,684 | 231,166 | |
iGO, Inc. (a) | 5,749 | 18,109 | |
Imation Corp. (a) | 76,999 | 262,567 | |
Immersion Corp. (a)(d) | 76,301 | 510,454 | |
Intermec, Inc. (a) | 138,904 | 1,375,150 | |
Interphase Corp. (a) | 11,825 | 25,897 | |
Intevac, Inc. (a) | 55,110 | 263,426 | |
Lexmark International, Inc. Class A | 163,360 | 3,597,187 | |
NCR Corp. (a) | 402,068 | 11,089,035 | |
Novatel Wireless, Inc. (a) | 94,259 | 204,542 | |
OCZ Technology Group, Inc. (a)(d) | 152,118 | 263,164 | |
Overland Storage, Inc. (a) | 57,061 | 63,908 | |
QLogic Corp. (a) | 236,741 | 2,694,113 | |
Quantum Corp. (a)(d) | 702,910 | 885,667 | |
Rimage Corp. | 32,359 | 220,688 | |
Silicon Graphics International Corp. (a)(d) | 85,074 | 1,280,364 | |
STEC, Inc. (a) | 87,553 | 422,005 | |
Super Micro Computer, Inc. (a)(d) | 69,717 | 815,689 | |
Synaptics, Inc. (a)(d) | 84,688 | 2,943,755 | |
Transact Technologies, Inc. | 18,832 | 148,773 | |
USA Technologies, Inc. (a)(d) | 79,221 | 194,091 | |
Xplore Technologies Corp. (a) | 5,105 | 18,582 | |
| 47,889,887 | ||
Electronic Equipment & Components - 2.0% | |||
ADDvantage Technologies Group, Inc. (a) | 11,928 | 26,838 | |
Advanced Photonix, Inc. Class A (a) | 41,087 | 16,846 | |
Aeroflex Holding Corp. (a) | 62,535 | 578,449 | |
Agilysys, Inc. (a) | 46,798 | 431,010 | |
Anixter International, Inc. | 63,144 | 4,351,884 | |
Arrow Electronics, Inc. (a) | 268,414 | 10,776,822 | |
Audience, Inc. | 22,271 | 303,776 | |
Avnet, Inc. (a) | 347,141 | 12,257,549 | |
AVX Corp. | 155,839 | 1,835,783 | |
| |||
Shares | Value | ||
Badger Meter, Inc. | 45,332 | $ 2,301,052 | |
Benchmark Electronics, Inc. (a) | 158,358 | 2,758,596 | |
Checkpoint Systems, Inc. (a)(d) | 94,410 | 1,119,703 | |
ClearSign Combustion Corp. (a) | 6,607 | 33,630 | |
Cognex Corp. | 105,565 | 4,348,222 | |
Coherent, Inc. | 59,994 | 3,465,253 | |
CTS Corp. | 70,681 | 692,674 | |
CUI Global, Inc. (a) | 116 | 636 | |
Daktronics, Inc. | 90,602 | 925,046 | |
Digital Ally, Inc. (a) | 4,790 | 19,687 | |
Document Security Systems, Inc. (a)(d) | 42,498 | 95,621 | |
Dolby Laboratories, Inc. Class A (d) | 120,829 | 3,852,029 | |
DTS, Inc. (a)(d) | 52,729 | 1,049,307 | |
Dynasil Corp. of America (a) | 9,408 | 8,279 | |
Echelon Corp. (a) | 68,729 | 180,757 | |
Electro Rent Corp. | 46,174 | 747,095 | |
Electro Scientific Industries, Inc. | 54,174 | 596,456 | |
eMagin Corp. | 60,537 | 192,508 | |
Fabrinet (a) | 61,256 | 1,005,211 | |
FARO Technologies, Inc. (a)(d) | 49,501 | 2,096,367 | |
FEI Co. | 98,125 | 6,215,238 | |
Frequency Electronics, Inc. | 13,041 | 132,888 | |
Giga-Tronics, Inc. (a) | 4,585 | 7,474 | |
I. D. Systems Inc. (a) | 33,896 | 213,884 | |
Identive Group, Inc. (a)(d) | 118,347 | 171,603 | |
IEC Electronics Corp. (a) | 18,101 | 110,778 | |
Image Sensing Systems, Inc. (a) | 2,863 | 15,374 | |
Ingram Micro, Inc. Class A (a) | 374,327 | 7,059,807 | |
Insight Enterprises, Inc. (a) | 117,199 | 2,252,565 | |
Intelli-Check, Inc. (a)(d) | 25,728 | 20,582 | |
IntriCon Corp. (a) | 1,667 | 7,802 | |
InvenSense, Inc. (a)(d) | 87,954 | 1,057,207 | |
IPG Photonics Corp. (d) | 75,217 | 4,459,616 | |
Iteris, Inc. (a) | 52,448 | 91,784 | |
Itron, Inc. (a) | 100,179 | 4,214,531 | |
KEMET Corp. (a) | 129,653 | 838,855 | |
KEY Tronic Corp. (a) | 21,607 | 229,682 | |
LGL Group, Inc. (a) | 3,009 | 16,128 | |
LightPath Technologies, Inc. Class A (a) | 1,150 | 934 | |
Littelfuse, Inc. | 54,992 | 3,638,821 | |
LoJack Corp. (a) | 47,516 | 142,548 | |
LRAD Corp. (a) | 62,271 | 72,234 | |
Maxwell Technologies, Inc. (a)(d) | 78,927 | 690,611 | |
Measurement Specialties, Inc. (a)(d) | 38,164 | 1,386,116 | |
Mercury Systems, Inc. (a)(d) | 74,095 | 507,551 | |
Mesa Laboratories, Inc. | 5,851 | 310,454 | |
Methode Electronics, Inc. Class A | 85,089 | 1,115,517 | |
MicroVision, Inc. (a)(d) | 38,532 | 65,890 | |
MOCON, Inc. | 7,499 | 107,761 | |
MTS Systems Corp. | 39,155 | 2,114,370 | |
Multi-Fineline Electronix, Inc. (a) | 21,997 | 336,114 | |
Napco Security Technolgies, Inc. (a) | 17,472 | 65,869 | |
National Instruments Corp. | 241,839 | 7,274,517 | |
Neonode, Inc. (a)(d) | 53,267 | 283,913 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
NetList, Inc. (a)(d) | 52,442 | $ 40,905 | |
Newport Corp. (a) | 100,909 | 1,649,862 | |
OSI Systems, Inc. (a) | 47,544 | 2,739,961 | |
Par Technology Corp. (a) | 27,309 | 125,075 | |
Parametric Sound Corp. (a)(d) | 4,660 | 54,941 | |
Park Electrochemical Corp. | 43,720 | 1,106,116 | |
PC Connection, Inc. | 44,665 | 640,496 | |
PC Mall, Inc. (a) | 19,862 | 141,020 | |
Perceptron, Inc. | 25,360 | 156,725 | |
Planar Systems, Inc. (a) | 44,256 | 85,414 | |
Plexus Corp. (a) | 91,021 | 2,217,272 | |
Power-One, Inc. (a)(d) | 309,551 | 1,318,687 | |
Pulse Electronics Corp. (a) | 91,084 | 35,341 | |
RadiSys Corp. (a) | 64,186 | 268,939 | |
RealD, Inc. (a)(d) | 124,761 | 1,452,218 | |
Research Frontiers, Inc. (a)(d) | 45,641 | 149,702 | |
RF Industries Ltd. | 13,982 | 80,397 | |
Richardson Electronics Ltd. | 36,856 | 440,798 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 70,385 | 1,870,129 | |
Rogers Corp. (a) | 40,714 | 1,942,465 | |
Sanmina Corp. (a) | 230,139 | 2,356,623 | |
ScanSource, Inc. (a) | 72,619 | 2,179,296 | |
Sigmatron International, Inc. (a) | 762 | 4,496 | |
Superconductor Technologies, Inc. (a)(d) | 141,606 | 27,627 | |
SYNNEX Corp. (a)(d) | 61,037 | 2,327,341 | |
Tech Data Corp. (a) | 104,357 | 5,537,182 | |
Trimble Navigation Ltd. (a) | 319,749 | 19,002,683 | |
TTM Technologies, Inc. (a) | 122,204 | 1,002,073 | |
Uni-Pixel, Inc. (a)(d) | 21,829 | 515,164 | |
Universal Display Corp. (a)(d) | 104,153 | 3,268,321 | |
Viasystems Group, Inc. (a) | 12,420 | 176,116 | |
Vishay Intertechnology, Inc. (a)(d) | 363,544 | 4,795,145 | |
Vishay Precision Group, Inc. (a) | 27,407 | 385,068 | |
Wayside Technology Group, Inc. | 460 | 5,874 | |
Wireless Ronin Technologies, Inc. (a) | 11,934 | 51,078 | |
Wireless Telecom Group, Inc. (a) | 11,376 | 15,130 | |
Zygo Corp. (a) | 43,493 | 622,820 | |
| 160,084,604 | ||
Internet Software & Services - 2.4% | |||
Active Network, Inc. (a)(d) | 102,886 | 482,535 | |
Angie's List, Inc. (a)(d) | 85,462 | 1,457,982 | |
AOL, Inc. (d) | 213,767 | 7,888,002 | |
Autobytel, Inc. (a) | 18,975 | 86,526 | |
Bankrate, Inc. (a)(d) | 106,485 | 1,197,956 | |
Bazaarvoice, Inc. (d) | 84,138 | 588,966 | |
Blucora, Inc. (a) | 102,827 | 1,593,819 | |
Bridgeline Digital, Inc. (a)(d) | 24,241 | 34,422 | |
Brightcove, Inc. (d) | 28,586 | 180,092 | |
BroadVision, Inc. (a)(d) | 7,417 | 60,597 | |
Carbonite, Inc. (a)(d) | 42,143 | 413,844 | |
comScore, Inc. (a)(d) | 102,141 | 1,628,128 | |
| |||
Shares | Value | ||
Constant Contact, Inc. (a)(d) | 78,162 | $ 1,104,429 | |
Cornerstone OnDemand, Inc. (a) | 79,215 | 2,682,220 | |
CoStar Group, Inc. (a)(d) | 70,366 | 7,088,671 | |
Crexendo, Inc. | 12,555 | 33,899 | |
DealerTrack Holdings, Inc. (a) | 114,747 | 3,383,889 | |
Demand Media, Inc. (a)(d) | 91,995 | 745,160 | |
Demandware, Inc. (d) | 19,741 | 522,149 | |
Dice Holdings, Inc. (a)(d) | 127,377 | 1,227,914 | |
Digital River, Inc. (a) | 90,961 | 1,295,285 | |
E2open, Inc. (d) | 11,778 | 232,733 | |
EarthLink, Inc. | 265,160 | 1,540,580 | |
eGain Communications Corp. (a) | 32,997 | 263,646 | |
Equinix, Inc. (a)(d) | 123,996 | 26,231,354 | |
ExactTarget, Inc. | 58,790 | 1,311,017 | |
Facebook, Inc. Class A | 1,400,725 | 38,169,756 | |
FriendFinder Networks, Inc. (a)(d) | 90,515 | 56,907 | |
GlowPoint, Inc. (a) | 51,449 | 82,318 | |
IAC/InterActiveCorp | 208,895 | 8,512,471 | |
Internap Network Services Corp. (a)(d) | 129,788 | 1,126,560 | |
Internet Media Services, Inc. (a) | 7,375 | 148 | |
Internet Patents Corp. | 283 | 1,090 | |
IntraLinks Holdings, Inc. (a) | 118,223 | 695,151 | |
Inuvo, Inc. (a) | 37,507 | 26,292 | |
iPass, Inc. (a) | 114,238 | 229,618 | |
j2 Global, Inc. | 119,133 | 4,250,665 | |
Keynote Systems, Inc. | 36,547 | 558,438 | |
Limelight Networks, Inc. (a)(d) | 135,298 | 286,832 | |
LinkedIn Corp. (a) | 171,873 | 28,905,601 | |
Liquidity Services, Inc. (a)(d) | 60,291 | 2,052,909 | |
LivePerson, Inc. (a)(d) | 124,882 | 1,807,043 | |
Local Corp. (a)(d) | 49,826 | 83,209 | |
LogMeIn, Inc. (a)(d) | 55,363 | 988,783 | |
LookSmart Ltd. (a) | 44,306 | 37,261 | |
Marchex, Inc. Class B (d) | 52,192 | 197,286 | |
Market Leader, Inc. (a) | 52,432 | 390,094 | |
MeetMe, Inc. (a)(d) | 65,453 | 168,214 | |
Millennial Media, Inc. | 34,351 | 321,869 | |
Monster Worldwide, Inc. (a)(d) | 297,066 | 1,520,978 | |
Move, Inc. (a) | 106,256 | 1,037,059 | |
NIC, Inc. (d) | 152,343 | 2,699,518 | |
Onvia.com, Inc. (a) | 2,326 | 8,676 | |
OpenTable, Inc. (a)(d) | 57,795 | 3,213,402 | |
Perficient, Inc. (a) | 85,096 | 985,412 | |
QuinStreet, Inc. (a)(d) | 73,086 | 418,783 | |
Rackspace Hosting, Inc. (a) | 277,030 | 15,474,896 | |
RealNetworks, Inc. (a) | 63,414 | 461,020 | |
Reis, Inc. (a) | 17,421 | 265,670 | |
Responsys, Inc. (a) | 76,743 | 619,316 | |
Saba Software, Inc. (a) | 73,699 | 644,129 | |
SciQuest, Inc. (a) | 44,604 | 854,167 | |
Selectica, Inc. (a) | 2,268 | 23,655 | |
Spark Networks, Inc. (a)(d) | 9,898 | 71,464 | |
SPS Commerce, Inc. (a) | 34,967 | 1,307,416 | |
Stamps.com, Inc. (a) | 52,541 | 1,281,475 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Support.com, Inc. (a) | 144,855 | $ 564,935 | |
Synacor, Inc. (d) | 22,818 | 75,071 | |
TechTarget, Inc. (a) | 30,780 | 149,591 | |
TheStreet.com, Inc. | 58,323 | 107,898 | |
Travelzoo, Inc. (a)(d) | 22,916 | 482,840 | |
Trulia, Inc. (d) | 14,706 | 350,591 | |
United Online, Inc. | 227,052 | 1,339,607 | |
Unwired Planet, Inc. (a)(d) | 210,780 | 423,668 | |
ValueClick, Inc. (a)(d) | 186,200 | 4,965,954 | |
Vocus, Inc. (a)(d) | 57,794 | 811,428 | |
Web.com Group, Inc. (a)(d) | 85,039 | 1,452,466 | |
WebMD Health Corp. (a) | 125,513 | 2,773,837 | |
WebMediaBrands, Inc. (a) | 5,114 | 8,285 | |
World Energy Solutions, Inc. (a) | 2,295 | 8,423 | |
XO Group, Inc. (a)(d) | 65,794 | 602,015 | |
Yelp, Inc. (d) | 41,494 | 920,752 | |
Zix Corp. (a) | 168,463 | 633,421 | |
| 198,782,148 | ||
IT Services - 2.1% | |||
Acxiom Corp. (a) | 190,484 | 3,468,714 | |
Alliance Data Systems Corp. (a)(d) | 124,842 | 19,811,177 | |
Analysts International Corp. (a) | 4,541 | 16,665 | |
Booz Allen Hamilton Holding Corp. Class A (d) | 105,968 | 1,356,390 | |
Broadridge Financial Solutions, Inc. | 303,552 | 6,966,518 | |
CACI International, Inc. Class A (a)(d) | 63,775 | 3,236,581 | |
Cardtronics, Inc. (a) | 115,286 | 3,038,939 | |
Cass Information Systems, Inc. | 23,141 | 989,278 | |
Ciber, Inc. (a) | 139,655 | 621,465 | |
Computer Task Group, Inc. (d) | 35,213 | 700,739 | |
Convergys Corp. (d) | 288,092 | 4,779,446 | |
CoreLogic, Inc. (a) | 261,395 | 6,772,744 | |
CSG Systems International, Inc. (a)(d) | 89,895 | 1,744,862 | |
CSP, Inc. | 3,555 | 24,174 | |
DST Systems, Inc. | 76,200 | 5,175,504 | |
Dynamics Research Corp. (a) | 25,485 | 150,616 | |
Edgewater Technology, Inc. (a) | 11,761 | 45,986 | |
EPAM Systems, Inc. | 33,126 | 694,983 | |
Euronet Worldwide, Inc. (a)(d) | 123,144 | 2,972,696 | |
ExlService Holdings, Inc. (a) | 67,087 | 2,030,723 | |
FleetCor Technologies, Inc. (a) | 105,409 | 7,358,602 | |
Forrester Research, Inc. | 32,652 | 896,624 | |
Gartner, Inc. Class A (a)(d) | 238,446 | 11,865,073 | |
Genpact Ltd. | 340,401 | 5,994,462 | |
Global Cash Access Holdings, Inc. (a) | 167,540 | 1,189,534 | |
Global Payments, Inc. | 201,841 | 9,730,755 | |
Hackett Group, Inc. | 102,623 | 475,144 | |
Heartland Payment Systems, Inc. | 94,656 | 2,943,802 | |
Higher One Holdings, Inc. (a)(d) | 83,069 | 742,637 | |
iGate Corp. (a) | 77,401 | 1,479,133 | |
Information Services Group, Inc. (a) | 46,725 | 62,612 | |
| |||
Shares | Value | ||
Innodata, Inc. (a) | 58,124 | $ 202,853 | |
Jack Henry & Associates, Inc. | 214,047 | 9,358,135 | |
Lender Processing Services, Inc. | 211,663 | 5,198,443 | |
Lionbridge Technologies, Inc. (a) | 146,424 | 559,340 | |
ManTech International Corp. Class A (d) | 65,288 | 1,619,795 | |
Mattersight Corp. (a)(d) | 15,883 | 72,426 | |
Maximus, Inc. | 88,092 | 6,411,336 | |
ModusLink Global Solutions, Inc. (a) | 101,501 | 292,323 | |
MoneyGram International, Inc. (a) | 51,816 | 839,937 | |
NCI, Inc. Class A (a) | 29,120 | 146,474 | |
NeuStar, Inc. Class A (a)(d) | 169,803 | 7,445,862 | |
Newtek Business Services, Inc. (a) | 5,503 | 10,291 | |
Official Payments Holdings, Inc. (a) | 27,138 | 158,757 | |
Online Resources Corp. (a)(d) | 78,643 | 301,203 | |
PFSweb, Inc. (a) | 60,946 | 210,264 | |
PRG-Schultz International, Inc. (a) | 45,131 | 293,352 | |
Rainmaker Systems, Inc. (a) | 15,480 | 10,093 | |
Sapient Corp. (a) | 279,486 | 3,135,833 | |
ServiceSource International, Inc. (a) | 138,958 | 878,215 | |
StarTek, Inc. (a) | 22,269 | 111,790 | |
Storage Engine, Inc. (a) | 500 | 0 | |
Sykes Enterprises, Inc. (a) | 94,516 | 1,404,508 | |
Syntel, Inc. | 45,523 | 2,738,664 | |
Teletech Holdings, Inc. (a) | 95,903 | 1,794,345 | |
The Management Network Group, Inc. (a) | 2,929 | 10,222 | |
Unisys Corp. (a) | 108,006 | 2,481,978 | |
Vantiv, Inc. | 118,855 | 2,586,285 | |
VeriFone Systems, Inc. (a) | 272,349 | 5,166,461 | |
Virtusa Corp. (a) | 53,287 | 1,116,363 | |
WEX, Inc. (a)(d) | 99,841 | 7,489,073 | |
WidePoint Corp. (a) | 102,981 | 61,789 | |
WPCS International, Inc. (a)(d) | 38,998 | 15,209 | |
| 169,458,197 | ||
Office Electronics - 0.1% | |||
Zebra Technologies Corp. Class A (a) | 126,750 | 5,668,260 | |
Semiconductors & Semiconductor Equipment - 2.5% | |||
Advanced Energy Industries, Inc. (a) | 92,550 | 1,669,602 | |
AEHR Test Systems (a) | 9,000 | 8,100 | |
Aetrium, Inc. (a) | 6,743 | 5,057 | |
Amkor Technology, Inc. (a)(d) | 216,408 | 876,452 | |
Amtech Systems, Inc. (a)(d) | 19,914 | 79,457 | |
ANADIGICS, Inc. (a) | 156,061 | 329,289 | |
Applied Micro Circuits Corp. (a) | 210,775 | 1,675,661 | |
Atmel Corp. (a) | 1,129,746 | 7,682,273 | |
ATMI, Inc. (a) | 76,660 | 1,678,854 | |
Axcelis Technologies, Inc. (a) | 244,233 | 278,426 | |
AXT, Inc. (a) | 91,754 | 261,499 | |
Brooks Automation, Inc. | 168,253 | 1,701,038 | |
BTU International, Inc. (a) | 13,926 | 40,525 | |
Cabot Microelectronics Corp. (d) | 60,424 | 2,064,688 | |
Cascade Microtech, Inc. (a) | 15,468 | 110,287 | |
Cavium, Inc. (a) | 128,613 | 4,748,392 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Ceva, Inc. (a) | 52,616 | $ 796,080 | |
Cirrus Logic, Inc. (a)(d) | 167,840 | 4,034,874 | |
Cohu, Inc. | 53,812 | 541,349 | |
Cree, Inc. (a)(d) | 296,946 | 13,430,868 | |
CVD Equipment Corp. (a)(d) | 8,902 | 90,800 | |
CyberOptics Corp. (a) | 9,297 | 60,338 | |
Cymer, Inc. (a) | 79,116 | 7,822,990 | |
Cypress Semiconductor Corp. (d) | 376,336 | 3,962,818 | |
DayStar Technologies, Inc. (a) | 3,735 | 4,482 | |
Diodes, Inc. (a)(d) | 100,150 | 1,995,990 | |
DSP Group, Inc. (a) | 46,628 | 337,587 | |
Entegris, Inc. (a) | 357,751 | 3,402,212 | |
Entropic Communications, Inc. (a) | 218,133 | 961,967 | |
Exar Corp. (a) | 117,125 | 1,376,219 | |
Fairchild Semiconductor International, Inc. (a) | 311,027 | 4,435,245 | |
FormFactor, Inc. (a) | 119,495 | 599,865 | |
GigOptix, Inc. (a) | 52,290 | 57,519 | |
GSI Technology, Inc. (a) | 42,569 | 273,293 | |
GT Advanced Technologies, Inc. (a)(d) | 320,977 | 917,994 | |
Hittite Microwave Corp. (a)(d) | 77,384 | 5,016,031 | |
Ikanos Communications, Inc. (a) | 115,443 | 200,871 | |
Inphi Corp. (a) | 47,066 | 454,658 | |
Integrated Device Technology, Inc. (a) | 372,872 | 2,535,530 | |
Integrated Silicon Solution, Inc. (a)(d) | 60,108 | 510,918 | |
Intermolecular, Inc. (a) | 38,814 | 375,331 | |
International Rectifier Corp. (a)(d) | 185,703 | 3,903,477 | |
Intersil Corp. Class A | 336,120 | 2,853,659 | |
Intest Corp. | 34,005 | 114,937 | |
IXYS Corp. | 59,965 | 597,851 | |
Kopin Corp. (a)(d) | 153,988 | 495,841 | |
Kulicke & Soffa Industries, Inc. (a) | 219,474 | 2,374,709 | |
Lattice Semiconductor Corp. (a) | 288,100 | 1,348,308 | |
LTX-Credence Corp. (a) | 104,147 | 604,053 | |
M/A-COM Technology Solutions, Inc. | 36,240 | 587,088 | |
Marvell Technology Group Ltd. | 1,191,439 | 12,033,534 | |
Mattson Technology, Inc. (a)(d) | 136,613 | 168,034 | |
Maxim Integrated Products, Inc. | 731,782 | 22,816,963 | |
MaxLinear, Inc. Class A (a) | 55,325 | 325,311 | |
MEMC Electronic Materials, Inc. (a) | 570,025 | 2,821,624 | |
MEMSIC, Inc. (a) | 20,654 | 71,050 | |
Micrel, Inc. (d) | 106,931 | 1,124,914 | |
Microsemi Corp. (a) | 233,279 | 4,812,546 | |
Mindspeed Technologies, Inc. (a)(d) | 83,459 | 371,393 | |
MKS Instruments, Inc. | 138,930 | 3,770,560 | |
Monolithic Power Systems, Inc. (d) | 82,168 | 2,020,511 | |
MoSys, Inc. (a)(d) | 79,294 | 275,150 | |
Nanometrics, Inc. (a) | 47,327 | 698,073 | |
NeoPhotonics Corp. (a) | 37,763 | 189,570 | |
NVE Corp. (a)(d) | 11,458 | 606,816 | |
Omnivision Technologies, Inc. (a)(d) | 127,409 | 1,963,373 | |
| |||
Shares | Value | ||
ON Semiconductor Corp. (a)(d) | 1,102,007 | $ 8,816,056 | |
PDF Solutions, Inc. (a) | 59,811 | 929,463 | |
Peregrine Semiconductor Corp. | 13,204 | 131,908 | |
Pericom Semiconductor Corp. (a) | 65,839 | 462,190 | |
Photronics, Inc. (a)(d) | 140,736 | 934,487 | |
Pixelworks, Inc. (a) | 35,295 | 85,414 | |
PLX Technology, Inc. (a) | 94,818 | 450,386 | |
PMC-Sierra, Inc. (a) | 528,027 | 3,426,895 | |
Power Integrations, Inc. | 76,690 | 3,206,409 | |
QuickLogic Corp. (a)(d) | 98,963 | 213,760 | |
Rambus, Inc. (a) | 282,588 | 1,593,796 | |
RF Micro Devices, Inc. (a) | 692,103 | 3,190,595 | |
Rubicon Technology, Inc. (a)(d) | 35,909 | 185,290 | |
Rudolph Technologies, Inc. (a)(d) | 80,303 | 884,939 | |
Semtech Corp. (a)(d) | 171,967 | 5,257,031 | |
Sigma Designs, Inc. (a) | 73,525 | 341,891 | |
Silicon Image, Inc. (a) | 188,435 | 868,685 | |
Silicon Laboratories, Inc. (a)(d) | 98,854 | 4,104,418 | |
Skyworks Solutions, Inc. (a) | 497,782 | 10,602,757 | |
Spansion, Inc. Class A | 142,425 | 1,674,918 | |
Spire Corp. (a) | 200 | 149 | |
STR Holdings, Inc. (a)(d) | 118,407 | 236,814 | |
SunPower Corp. (a)(d) | 103,185 | 1,211,392 | |
Supertex, Inc. | 23,977 | 541,640 | |
Tessera Technologies, Inc. | 137,632 | 2,455,355 | |
TranSwitch Corp. (a) | 48,274 | 40,063 | |
TriQuint Semiconductor, Inc. (a) | 408,220 | 1,918,634 | |
Ultra Clean Holdings, Inc. (a) | 64,500 | 380,550 | |
Ultratech, Inc. (a) | 70,372 | 2,883,845 | |
Veeco Instruments, Inc. (a)(d) | 104,674 | 3,340,147 | |
Vitesse Semiconductor Corp. (a)(d) | 78,832 | 164,759 | |
Volterra Semiconductor Corp. (a) | 67,755 | 1,040,039 | |
| 205,929,449 | ||
Software - 3.9% | |||
Accelrys, Inc. (a)(d) | 131,743 | 1,246,289 | |
ACI Worldwide, Inc. (a) | 99,576 | 4,561,577 | |
Activision Blizzard, Inc. | 1,075,164 | 15,374,845 | |
Actuate Corp. (a) | 117,367 | 705,376 | |
Advent Software, Inc. (a) | 77,474 | 2,029,819 | |
American Software, Inc. Class A | 56,018 | 457,107 | |
ANSYS, Inc. (a) | 235,955 | 17,885,389 | |
Aspen Technology, Inc. (a) | 236,103 | 7,262,528 | |
Astea International, Inc. (a) | 13,242 | 36,416 | |
Asure Software, Inc. (a) | 1,517 | 9,982 | |
Blackbaud, Inc. | 118,202 | 3,286,016 | |
Bottomline Technologies, Inc. (a)(d) | 97,921 | 2,656,597 | |
BroadSoft, Inc. (a) | 69,547 | 1,460,487 | |
BSQUARE Corp. (a) | 30,361 | 89,565 | |
Cadence Design Systems, Inc. (a)(d) | 717,690 | 10,162,490 | |
Callidus Software, Inc. (a)(d) | 116,069 | 504,900 | |
Cinedigm Digital Cinema Corp. (a) | 50,701 | 69,460 | |
CommVault Systems, Inc. (a) | 107,042 | 7,915,756 | |
Compuware Corp. (a) | 548,846 | 6,372,102 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Comverse, Inc. | 54,668 | $ 1,504,463 | |
Concur Technologies, Inc. (a)(d) | 113,580 | 7,973,316 | |
Cover-All Technologies, Inc. (a) | 2,815 | 3,406 | |
Datawatch Corp. (a) | 5,578 | 60,689 | |
Digimarc Corp. | 13,264 | 296,185 | |
Ebix, Inc. (d) | 82,847 | 1,328,037 | |
Ellie Mae, Inc. (a) | 34,300 | 696,290 | |
Envivio, Inc. (d) | 17,506 | 29,760 | |
EPIQ Systems, Inc. | 103,997 | 1,293,723 | |
ePlus, Inc. | 9,557 | 439,240 | |
Evolving Systems, Inc. | 12,044 | 80,695 | |
FactSet Research Systems, Inc. (d) | 101,287 | 9,854,212 | |
Fair Isaac Corp. | 90,000 | 3,990,600 | |
FalconStor Software, Inc. (a) | 86,450 | 232,551 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 335,650 | 8,116,017 | |
Globalscape, Inc. | 6,122 | 10,285 | |
Glu Mobile, Inc. (a)(d) | 116,341 | 264,094 | |
GSE Systems, Inc. (a) | 33,148 | 74,914 | |
Guidance Software, Inc. (a) | 25,308 | 248,271 | |
Guidewire Software, Inc. (a)(d) | 75,782 | 2,769,832 | |
Imperva, Inc. (a) | 28,729 | 1,048,609 | |
Infoblox, Inc. (d) | 102,456 | 2,160,797 | |
Informatica Corp. (a) | 275,904 | 9,659,399 | |
Interactive Intelligence Group, Inc. (a) | 39,218 | 1,631,861 | |
Jive Software, Inc. (a)(d) | 64,060 | 1,062,115 | |
Majesco Entertainment Co. (a) | 169,132 | 90,401 | |
Manhattan Associates, Inc. (a) | 59,488 | 4,155,832 | |
Marlborough Software Development Holdings, Inc. | 3,682 | 552 | |
Mentor Graphics Corp. | 240,557 | 4,260,264 | |
MICROS Systems, Inc. (a)(d) | 205,749 | 8,806,057 | |
MicroStrategy, Inc. Class A (a) | 21,893 | 2,230,459 | |
Mitek Systems, Inc. (a)(d) | 72,082 | 309,953 | |
Monotype Imaging Holdings, Inc. | 103,012 | 2,163,252 | |
Motricity, Inc. (a)(d) | 112,960 | 45,173 | |
NetScout Systems, Inc. (a) | 96,131 | 2,444,611 | |
NetSol Technologies, Inc. (a) | 16,096 | 186,392 | |
NetSuite, Inc. (a)(d) | 78,193 | 5,457,089 | |
Nuance Communications, Inc. (a)(d) | 634,615 | 11,683,262 | |
Parametric Technology Corp. (a) | 307,447 | 7,114,324 | |
Park City Group, Inc. (a) | 3,053 | 10,441 | |
Peerless Systems Corp. (a) | 15,698 | 50,234 | |
Pegasystems, Inc. | 43,949 | 1,203,763 | |
Pervasive Software, Inc. (a) | 25,547 | 233,755 | |
Progress Software Corp. (a) | 171,703 | 3,866,752 | |
Proofpoint, Inc. | 36,347 | 508,131 | |
PROS Holdings, Inc. (a) | 54,306 | 1,415,214 | |
QAD, Inc. Class B | 24,367 | 293,135 | |
QLIK Technologies, Inc. (a) | 189,518 | 4,927,468 | |
Qualys, Inc. | 18,211 | 215,982 | |
| |||
Shares | Value | ||
RealPage, Inc. (a)(d) | 96,465 | $ 2,089,432 | |
Rosetta Stone, Inc. (a) | 28,088 | 325,259 | |
Rovi Corp. (a) | 268,338 | 4,773,733 | |
SeaChange International, Inc. (a) | 69,895 | 805,190 | |
ServiceNow, Inc. (d) | 29,503 | 957,962 | |
Smith Micro Software, Inc. (a) | 72,854 | 106,367 | |
SolarWinds, Inc. (a) | 156,443 | 8,832,772 | |
Solera Holdings, Inc. | 178,111 | 10,027,649 | |
Sonic Foundry, Inc. (a) | 2,194 | 15,139 | |
Sourcefire, Inc. (a)(d) | 78,325 | 4,200,570 | |
Splunk, Inc. (d) | 63,708 | 2,301,770 | |
SS&C Technologies Holdings, Inc. (a) | 104,155 | 2,636,163 | |
Synchronoss Technologies, Inc. (a)(d) | 71,953 | 2,170,822 | |
Synopsys, Inc. (a) | 381,214 | 13,353,926 | |
Take-Two Interactive Software, Inc. (a) | 233,028 | 3,411,530 | |
Tangoe, Inc. (a) | 82,180 | 1,123,401 | |
TeleCommunication Systems, Inc. Class A (a) | 110,511 | 255,280 | |
TeleNav, Inc. (a) | 41,916 | 298,023 | |
TIBCO Software, Inc. (a) | 398,718 | 8,552,501 | |
TiVo, Inc. (a)(d) | 322,529 | 3,996,134 | |
Tyler Technologies, Inc. (a) | 75,793 | 4,274,725 | |
Ultimate Software Group, Inc. (a)(d) | 68,452 | 6,726,778 | |
Vasco Data Security International, Inc. (a) | 64,183 | 530,793 | |
Verint Systems, Inc. (a) | 128,637 | 4,395,526 | |
VirnetX Holding Corp. (a)(d) | 105,277 | 3,708,909 | |
VMware, Inc. Class A (a)(d) | 217,274 | 15,606,791 | |
Vringo, Inc. (a)(d) | 112,758 | 342,784 | |
Wave Systems Corp. Class A (a)(d) | 226,143 | 199,006 | |
Websense, Inc. (a) | 91,565 | 1,372,559 | |
Workday, Inc. | 57,322 | 3,169,333 | |
Zynga, Inc. (a)(d) | 1,225,343 | 4,153,913 | |
| 313,303,298 | ||
TOTAL INFORMATION TECHNOLOGY | 1,201,227,114 | ||
MATERIALS - 5.6% | |||
Chemicals - 2.7% | |||
A. Schulman, Inc. | 78,267 | 2,453,670 | |
ADA-ES, Inc. (a)(d) | 36,134 | 960,080 | |
Albemarle Corp. | 226,311 | 14,728,320 | |
American Pacific Corp. (a) | 20,080 | 371,480 | |
American Vanguard Corp. | 65,053 | 2,018,595 | |
Arabian American Development Co. (a) | 42,258 | 311,019 | |
Ashland, Inc. | 184,581 | 14,391,781 | |
Axiall Corp. | 176,290 | 9,974,488 | |
Balchem Corp. | 77,120 | 3,110,250 | |
Cabot Corp. | 149,170 | 5,486,473 | |
Calgon Carbon Corp. (a)(d) | 149,975 | 2,558,574 | |
Celanese Corp. Class A | 402,433 | 18,853,986 | |
Chase Corp. | 12,286 | 231,468 | |
Chemtura Corp. (a) | 255,000 | 5,130,600 | |
Clean Diesel Technologies, Inc. (a)(d) | 33,479 | 80,015 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Core Molding Technologies, Inc. (a) | 11,521 | $ 80,071 | |
Cytec Industries, Inc. | 114,248 | 8,270,413 | |
Ferro Corp. (a) | 212,580 | 1,090,535 | |
Flotek Industries, Inc. (a)(d) | 137,545 | 1,931,132 | |
FutureFuel Corp. | 37,342 | 489,554 | |
GSE Holding, Inc. | 16,500 | 118,635 | |
H.B. Fuller Co. | 130,210 | 5,321,683 | |
Hawkins, Inc. | 22,191 | 875,213 | |
Huntsman Corp. | 484,220 | 8,343,111 | |
Innophos Holdings, Inc. | 55,185 | 2,694,684 | |
Intrepid Potash, Inc. | 143,302 | 2,824,482 | |
KMG Chemicals, Inc. | 19,780 | 390,853 | |
Koppers Holdings, Inc. | 50,513 | 2,095,279 | |
Kraton Performance Polymers, Inc. (a) | 86,645 | 2,082,946 | |
Kronos Worldwide, Inc. (d) | 60,714 | 1,038,817 | |
Landec Corp. (a) | 84,086 | 925,787 | |
LSB Industries, Inc. (a) | 50,999 | 1,976,211 | |
Material Sciences Corp. (a)(d) | 23,734 | 240,900 | |
Minerals Technologies, Inc. | 95,148 | 3,828,756 | |
NewMarket Corp. | 27,248 | 6,857,504 | |
Northern Technologies International Corp. (a) | 1,103 | 14,791 | |
Olin Corp. | 200,452 | 4,642,468 | |
OM Group, Inc. (a)(d) | 81,882 | 2,009,384 | |
OMNOVA Solutions, Inc. (a)(d) | 113,582 | 909,792 | |
Penford Corp. (a) | 27,329 | 277,389 | |
PolyOne Corp. | 229,909 | 5,239,626 | |
Quaker Chemical Corp. | 32,517 | 1,866,801 | |
Rockwood Holdings, Inc. | 195,625 | 12,246,125 | |
RPM International, Inc. | 336,631 | 10,236,949 | |
Senomyx, Inc. (a)(d) | 114,790 | 276,644 | |
Sensient Technologies Corp. | 124,362 | 4,590,201 | |
Spartech Corp. (a) | 67,518 | 666,403 | |
Stepan Co. | 42,656 | 2,612,253 | |
The Scotts Miracle-Gro Co. Class A | 104,032 | 4,609,658 | |
TOR Minerals International, Inc. (a) | 3,831 | 41,835 | |
Tredegar Corp. | 61,191 | 1,497,956 | |
Tronox Ltd. Class A | 57,314 | 1,177,230 | |
Valhi, Inc. (d) | 64,947 | 1,057,337 | |
Valspar Corp. | 215,306 | 13,265,003 | |
W.R. Grace & Co. (a) | 177,559 | 12,709,673 | |
Westlake Chemical Corp. | 48,958 | 4,221,159 | |
Zep, Inc. | 50,668 | 757,993 | |
Zoltek Companies, Inc. (a)(d) | 65,740 | 614,669 | |
| 217,678,704 | ||
Construction Materials - 0.3% | |||
Eagle Materials, Inc. | 123,296 | 7,929,166 | |
Headwaters, Inc. (a) | 179,895 | 1,692,812 | |
Martin Marietta Materials, Inc. | 115,426 | 11,211,327 | |
Texas Industries, Inc. (a)(d) | 58,355 | 3,387,508 | |
| |||
Shares | Value | ||
U.S. Concrete, Inc. (a) | 25,199 | $ 246,950 | |
United States Lime & Minerals, Inc. (a) | 7,538 | 395,293 | |
| 24,863,056 | ||
Containers & Packaging - 0.9% | |||
AEP Industries, Inc. (a) | 13,400 | 945,102 | |
Aptargroup, Inc. | 166,296 | 8,970,006 | |
Berry Plastics Group, Inc. | 70,965 | 1,363,947 | |
Boise, Inc. | 247,252 | 2,123,895 | |
Crown Holdings, Inc. (a) | 371,357 | 14,434,647 | |
Graphic Packaging Holding Co. (a) | 299,085 | 2,219,211 | |
Greif, Inc. Class A | 90,875 | 4,622,811 | |
MOD-PAC Corp. (sub. vtg.) (a) | 3,740 | 30,705 | |
Myers Industries, Inc. | 100,702 | 1,482,333 | |
Packaging Corp. of America | 246,303 | 10,290,539 | |
Rock-Tenn Co. Class A | 179,926 | 15,914,455 | |
Silgan Holdings, Inc. | 119,019 | 5,109,486 | |
Sonoco Products Co. | 239,162 | 7,598,177 | |
UFP Technologies, Inc. (a) | 15,846 | 299,806 | |
| 75,405,120 | ||
Metals & Mining - 1.3% | |||
A.M. Castle & Co. (a)(d) | 38,879 | 638,782 | |
AK Steel Holding Corp. (d) | 317,663 | 1,191,236 | |
Allied Nevada Gold Corp. (a)(d) | 209,568 | 3,835,094 | |
Amcol International Corp. | 61,309 | 1,792,675 | |
Carpenter Technology Corp. | 115,927 | 5,475,232 | |
Century Aluminum Co. (a) | 132,753 | 1,076,627 | |
Coeur d'Alene Mines Corp. (a) | 223,687 | 4,252,290 | |
Commercial Metals Co. | 293,644 | 4,789,334 | |
Compass Minerals International, Inc. | 82,516 | 6,083,080 | |
Comstock Mining, Inc. (a)(d) | 83,725 | 165,776 | |
Friedman Industries | 15,788 | 172,721 | |
General Moly, Inc. (a) | 202,841 | 592,296 | |
Globe Specialty Metals, Inc. | 170,087 | 2,430,543 | |
Golden Minerals Co. (a)(d) | 115,781 | 335,765 | |
Handy & Harman Ltd. (a) | 41,326 | 669,481 | |
Haynes International, Inc. | 32,086 | 1,652,429 | |
Hecla Mining Co. | 709,617 | 3,292,623 | |
Horsehead Holding Corp. (a)(d) | 105,544 | 1,115,600 | |
Kaiser Aluminum Corp. (d) | 41,453 | 2,538,582 | |
Materion Corp. | 49,172 | 1,360,098 | |
McEwen Mining, Inc. (a) | 715,025 | 1,737,511 | |
Metals USA Holdings Corp. | 48,992 | 1,016,094 | |
Mines Management, Inc. (a)(d) | 69,165 | 75,390 | |
Molycorp, Inc. (a)(d) | 312,599 | 1,919,358 | |
Noranda Aluminium Holding Corp. | 166,713 | 793,554 | |
Olympic Steel, Inc. | 20,461 | 422,929 | |
Prospect Global Resources, Inc. (a) | 24,337 | 29,935 | |
Reliance Steel & Aluminum Co. | 193,919 | 12,913,066 | |
Royal Gold, Inc. | 165,443 | 10,843,134 | |
RTI International Metals, Inc. (a)(d) | 74,509 | 2,210,682 | |
Schnitzer Steel Industries, Inc. Class A | 62,943 | 1,800,799 | |
Silver Bull Resources, Inc. (a)(d) | 148,902 | 49,882 | |
Solitario Exploration & Royalty Corp. (a) | 57,827 | 89,632 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Steel Dynamics, Inc. (d) | 561,482 | $ 8,573,830 | |
Stillwater Mining Co. (a)(d) | 313,830 | 4,092,343 | |
SunCoke Energy, Inc. (a) | 184,578 | 3,043,691 | |
Synalloy Corp. | 9,327 | 127,314 | |
Timberline Resources Corp. (a)(d) | 213,150 | 40,499 | |
U.S. Silica Holdings, Inc. (d) | 42,160 | 1,036,714 | |
Universal Stainless & Alloy Products, Inc. (a) | 18,357 | 651,490 | |
US Antimony Corp. (a)(d) | 61,920 | 115,790 | |
Walter Energy, Inc. (d) | 157,784 | 5,015,953 | |
Worthington Industries, Inc. (d) | 134,816 | 3,820,685 | |
| 103,880,539 | ||
Paper & Forest Products - 0.4% | |||
Boise Cascade Co. | 29,600 | 802,160 | |
Buckeye Technologies, Inc. | 96,053 | 2,663,550 | |
Clearwater Paper Corp. (a) | 61,188 | 2,960,887 | |
Deltic Timber Corp. | 29,841 | 2,130,349 | |
Domtar Corp. | 90,715 | 6,763,710 | |
Kapstone Paper & Packaging Corp. | 96,111 | 2,560,397 | |
Louisiana-Pacific Corp. (a) | 342,651 | 7,185,391 | |
Neenah Paper, Inc. | 36,724 | 1,072,341 | |
P.H. Glatfelter Co. | 142,034 | 2,577,917 | |
Resolute Forest Products (a)(d) | 259,455 | 3,580,479 | |
Schweitzer-Mauduit International, Inc. | 87,906 | 3,239,336 | |
Verso Paper Corp. (a)(d) | 31,277 | 33,466 | |
Wausau-Mosinee Paper Corp. | 98,528 | 972,471 | |
| 36,542,454 | ||
TOTAL MATERIALS | 458,369,873 | ||
TELECOMMUNICATION SERVICES - 0.9% | |||
Diversified Telecommunication Services - 0.4% | |||
8x8, Inc. (a) | 207,358 | 1,254,516 | |
Alaska Communication Systems Group, Inc. (d) | 97,590 | 167,855 | |
Allegiance Telecom, Inc. (a) | 15,750 | 0 | |
Alteva | 11,334 | 124,107 | |
Atlantic Tele-Network, Inc. | 25,792 | 1,212,224 | |
Cbeyond, Inc. (a) | 66,391 | 466,065 | |
Cincinnati Bell, Inc. (a)(d) | 548,019 | 1,781,062 | |
Cogent Communications Group, Inc. | 126,168 | 3,173,125 | |
Consolidated Communications Holdings, Inc. (d) | 90,904 | 1,527,187 | |
Elephant Talk Communication, Inc. (a)(d) | 200,060 | 240,072 | |
FairPoint Communications, Inc. (a)(d) | 56,860 | 474,781 | |
General Communications, Inc. Class A (a) | 82,347 | 695,832 | |
Hawaiian Telcom Holdco, Inc. (a) | 21,226 | 409,025 | |
HickoryTech Corp. | 34,243 | 321,542 | |
IDT Corp. Class B | 44,462 | 449,511 | |
inContact, Inc. (a)(d) | 134,662 | 914,355 | |
| |||
Shares | Value | ||
Iridium Communications, Inc. (a)(d) | 169,319 | $ 1,034,539 | |
Level 3 Communications, Inc. (a)(d) | 411,564 | 8,223,049 | |
Lumos Networks Corp. | 42,527 | 485,658 | |
Multiband Corp. (a) | 27,198 | 59,292 | |
Neutral Tandem, Inc. | 104,102 | 357,070 | |
ORBCOMM, Inc. (a) | 78,686 | 347,005 | |
Premiere Global Services, Inc. (a) | 109,608 | 1,169,517 | |
Primus Telecommunications Group, Inc. | 26,065 | 286,454 | |
Towerstream Corp. (a)(d) | 163,311 | 406,644 | |
tw telecom, inc. (a) | 379,421 | 9,606,940 | |
Vonage Holdings Corp. (a) | 388,357 | 1,025,262 | |
| 36,212,689 | ||
Wireless Telecommunication Services - 0.5% | |||
Boingo Wireless, Inc. (a)(d) | 25,257 | 153,563 | |
Clearwire Corp. Class A (a) | 1,111,846 | 3,468,960 | |
Leap Wireless International, Inc. (a)(d) | 140,047 | 749,251 | |
NII Holdings, Inc. (a)(d) | 442,815 | 2,134,368 | |
NTELOS Holdings Corp. | 42,305 | 527,966 | |
SBA Communications Corp. Class A (a)(d) | 314,310 | 22,353,727 | |
Shenandoah Telecommunications Co. | 52,949 | 762,995 | |
Telephone & Data Systems, Inc. | 254,617 | 5,828,183 | |
U.S. Cellular Corp. (a) | 37,864 | 1,393,017 | |
USA Mobility, Inc. | 61,882 | 719,069 | |
| 38,091,099 | ||
TOTAL TELECOMMUNICATION SERVICES | 74,303,788 | ||
UTILITIES - 3.6% | |||
Electric Utilities - 1.4% | |||
Allete, Inc. | 92,458 | 4,345,526 | |
Cleco Corp. | 155,364 | 6,882,625 | |
El Paso Electric Co. | 107,795 | 3,594,963 | |
Empire District Electric Co. | 112,476 | 2,408,111 | |
Great Plains Energy, Inc. | 383,697 | 8,376,106 | |
Hawaiian Electric Industries, Inc. | 251,655 | 6,792,168 | |
IDACORP, Inc. | 127,244 | 5,941,022 | |
ITC Holdings Corp. | 133,175 | 11,255,951 | |
MGE Energy, Inc. | 67,449 | 3,620,662 | |
NV Energy, Inc. | 576,146 | 11,384,645 | |
OGE Energy Corp. (d) | 248,273 | 14,377,489 | |
Otter Tail Corp. | 105,764 | 3,055,522 | |
PNM Resources, Inc. | 211,467 | 4,749,549 | |
Portland General Electric Co. | 187,498 | 5,566,816 | |
UIL Holdings Corp. | 127,515 | 4,993,487 | |
Unitil Corp. | 33,222 | 909,618 | |
UNS Energy Corp. | 109,304 | 5,139,474 | |
Westar Energy, Inc. | 312,727 | 9,700,792 | |
| 113,094,526 | ||
Gas Utilities - 0.9% | |||
Atmos Energy Corp. | 227,295 | 8,675,850 | |
Chesapeake Utilities Corp. | 26,929 | 1,293,400 | |
Delta Natural Gas Co., Inc. | 13,699 | 267,678 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Gas Utilities - continued | |||
Gas Natural, Inc. | 13,409 | $ 133,285 | |
Laclede Group, Inc. | 50,946 | 2,076,559 | |
National Fuel Gas Co. (d) | 211,913 | 12,331,217 | |
New Jersey Resources Corp. | 111,043 | 4,948,076 | |
Northwest Natural Gas Co. | 72,448 | 3,300,006 | |
Piedmont Natural Gas Co., Inc. (d) | 187,806 | 6,054,865 | |
Questar Corp. | 434,281 | 10,209,946 | |
RGC Resources, Inc. | 2,242 | 40,378 | |
South Jersey Industries, Inc. | 80,362 | 4,431,161 | |
Southwest Gas Corp. | 122,634 | 5,555,320 | |
UGI Corp. | 280,120 | 10,033,898 | |
WGL Holdings, Inc. | 132,647 | 5,593,724 | |
| 74,945,363 | ||
Independent Power Producers & Energy Traders - 0.3% | |||
American DG Energy, Inc. (a)(d) | 66,943 | 147,275 | |
Black Hills Corp. | 111,612 | 4,641,943 | |
Calpine Corp. (a) | 983,666 | 18,099,454 | |
Dynegy, Inc. (a)(d) | 213,790 | 4,183,870 | |
Genie Energy Ltd. Class B | 48,524 | 340,638 | |
Ormat Technologies, Inc. (d) | 66,515 | 1,359,567 | |
Synthesis Energy Systems, Inc. (a) | 108,052 | 115,616 | |
US Geothermal, Inc. (a)(d) | 223,992 | 71,677 | |
| 28,960,040 | ||
Multi-Utilities - 0.5% | |||
Alliant Energy Corp. | 274,508 | 13,091,287 | |
Avista Corp. | 144,014 | 3,771,727 | |
CH Energy Group, Inc. | 41,279 | 2,688,501 | |
MDU Resources Group, Inc. | 493,199 | 11,915,688 | |
NorthWestern Energy Corp. | 92,662 | 3,611,965 | |
Vectren Corp. | 212,639 | 7,017,087 | |
| 42,096,255 | ||
Water Utilities - 0.5% | |||
American States Water Co. | 47,115 | 2,495,210 | |
American Water Works Co., Inc. | 443,191 | 17,483,885 | |
Aqua America, Inc. | 361,486 | 10,530,087 | |
Artesian Resources Corp. Class A | 17,456 | 388,396 | |
Cadiz, Inc. (a)(d) | 34,362 | 231,600 | |
California Water Service Group | 132,314 | 2,654,219 | |
Connecticut Water Service, Inc. | 21,351 | 637,541 | |
Middlesex Water Co. | 51,194 | 996,235 | |
Pure Cycle Corp. (a) | 69,664 | 279,353 | |
SJW Corp. | 32,982 | 874,353 | |
York Water Co. | 39,414 | 727,582 | |
| 37,298,461 | ||
TOTAL UTILITIES | 296,394,645 | ||
TOTAL COMMON STOCKS (Cost $6,503,734,234) |
|
U.S. Treasury Obligations - 0.1% | ||||
| Principal | Value | ||
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.14% 5/23/13 to 6/27/13 (e) | $ 5,000,000 | $ 4,998,433 |
Money Market Funds - 17.1% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 121,188,760 | 121,188,760 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 1,270,001,721 | 1,270,001,721 | |
TOTAL MONEY MARKET FUNDS (Cost $1,391,190,481) |
| ||
TOTAL INVESTMENT PORTFOLIO - 115.9% (Cost $7,899,922,944) | 9,439,318,711 | ||
NET OTHER ASSETS (LIABILITIES) - (15.9)% | (1,293,383,838) | ||
NET ASSETS - 100% | $ 8,145,934,873 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
371 CME E-mini S&P MidCap 400 Index Contracts | March 2013 | $ 40,873,070 | $ 3,010,698 | ||
676 NYFE Russell 2000 Mini Index Contracts | March 2013 | 61,529,520 | 4,711,348 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 102,402,590 | $ 7,722,046 |
|
The face value of futures purchased as a percentage of net assets is 1.3% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $4,098,640. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 118,467 |
Fidelity Securities Lending Cash Central Fund | 15,326,897 |
Total | $ 15,445,364 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,250,409,959 | $ 1,250,409,959 | $ - | $ - |
Consumer Staples | 261,264,412 | 261,264,412 | - | - |
Energy | 538,486,147 | 538,486,147 | - | - |
Financials | 1,856,416,579 | 1,856,413,823 | - | 2,756 |
Health Care | 857,312,452 | 857,312,448 | - | 4 |
Industrials | 1,248,944,828 | 1,248,930,202 | 14,626 | - |
Information Technology | 1,201,227,114 | 1,201,227,114 | - | - |
Materials | 458,369,873 | 458,369,873 | - | - |
Telecommunication Services | 74,303,788 | 74,303,788 | - | - |
Utilities | 296,394,645 | 296,394,645 | - | - |
U.S. Government and Government Agency Obligations | 4,998,433 | - | 4,998,433 | - |
Money Market Funds | 1,391,190,481 | 1,391,190,481 | - | - |
Total Investments in Securities: | $ 9,439,318,711 | $ 9,434,302,892 | $ 5,013,059 | $ 2,760 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 7,722,046 | $ 7,722,046 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 7,722,046 | $ - |
Total Value of Derivatives | $ 7,722,046 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Extended Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,236,139,619) - See accompanying schedule: Unaffiliated issuers (cost $6,508,732,463) | $ 8,048,128,230 |
|
Fidelity Central Funds (cost $1,391,190,481) | 1,391,190,481 |
|
Total Investments (cost $7,899,922,944) |
| $ 9,439,318,711 |
Cash |
| 151,372 |
Receivable for investments sold | 8,617,899 | |
Receivable for fund shares sold | 12,216,175 | |
Dividends receivable | 6,081,894 | |
Distributions receivable from Fidelity Central Funds | 1,215,661 | |
Receivable for daily variation margin on futures contracts | 28,127 | |
Receivable from investment adviser for expense reductions | 1,182 | |
Other receivables | 3,132 | |
Total assets | 9,467,634,153 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 42,634,127 | |
Payable for fund shares redeemed | 8,568,580 | |
Accrued management fee | 403,313 | |
Other affiliated payables | 91,539 | |
Collateral on securities loaned, at value | 1,270,001,721 | |
Total liabilities | 1,321,699,280 | |
|
|
|
Net Assets | $ 8,145,934,873 | |
Net Assets consist of: |
| |
Paid in capital | $ 6,566,496,840 | |
Undistributed net investment income | 12,923,003 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | 19,397,217 | |
Net unrealized appreciation (depreciation) on investments | 1,547,117,813 | |
Net Assets | $ 8,145,934,873 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 43.12 | |
|
|
|
Fidelity Advantage Class: | $ 43.12 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 43.11 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 118,473,606 |
Interest |
| 8,625 |
Income from Fidelity Central Funds (including $15,326,897 from security lending) |
| 15,445,364 |
Total income |
| 133,927,595 |
|
|
|
Expenses | ||
Management fee | $ 4,131,985 | |
Transfer agent fees | 1,261,483 | |
Independent trustees' compensation | 44,441 | |
Miscellaneous | 17,439 | |
Total expenses before reductions | 5,455,348 | |
Expense reductions | (1,784) | 5,453,564 |
Net investment income (loss) | 128,474,031 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 178,938,374 | |
Foreign currency transactions | 2,666 | |
Futures contracts | 10,780,134 | |
Total net realized gain (loss) |
| 189,721,174 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 638,416,432 | |
Assets and liabilities in foreign currencies | (626) | |
Futures contracts | 1,141,781 | |
Total change in net unrealized appreciation (depreciation) |
| 639,557,587 |
Net gain (loss) | 829,278,761 | |
Net increase (decrease) in net assets resulting from operations | $ 957,752,792 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 128,474,031 | $ 74,746,560 |
Net realized gain (loss) | 189,721,174 | 132,271,976 |
Change in net unrealized appreciation (depreciation) | 639,557,587 | (112,097,829) |
Net increase (decrease) in net assets resulting from operations | 957,752,792 | 94,920,707 |
Distributions to shareholders from net investment income | (123,000,708) | (69,414,947) |
Distributions to shareholders from net realized gain | (200,713,554) | (127,979,459) |
Total distributions | (323,714,262) | (197,394,406) |
Share transactions - net increase (decrease) | 994,205,584 | 652,403,567 |
Redemption fees | 653,587 | 919,879 |
Total increase (decrease) in net assets | 1,628,897,701 | 550,849,747 |
|
|
|
Net Assets | ||
Beginning of period | 6,517,037,172 | 5,966,187,425 |
End of period (including undistributed net investment income of $12,923,003 and undistributed net investment income of $10,311,506, respectively) | $ 8,145,934,873 | $ 6,517,037,172 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .73 | .48 | .43 | .36 | .50 |
Net realized and unrealized gain (loss) | 4.61 | .10 | 9.71 | 12.40 | (15.73) |
Total from investment operations | 5.34 | .58 | 10.14 | 12.76 | (15.23) |
Distributions from net investment income | (.70) | (.45) | (.36) | (.35) | (.43) |
Distributions from net realized gain | (1.17) | (.84) | (.51) | (.06) | (.76) |
Total distributions | (1.88) J | (1.28) I | (.87) | (.41) H | (1.19) |
Redemption fees added to paid in capital B | - G | .01 | - G | - G | - G |
Net asset value, end of period | $ 43.12 | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 |
Total Return A | 14.00% | 1.76% | 32.95% | 68.20% | (44.26)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .10% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .10% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 1.85% | 1.26% | 1.24% | 1.35% | 1.71% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 971,857 | $ 2,606,631 | $ 4,440,988 | $ 2,692,346 | $ 1,446,984 |
Portfolio turnover rate D | 10% | 11% | 8% | 26% | 16% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.41 per share is comprised of distributions from net investment income of $.350 and distributions from net realized gain of $.055 per share. I Total distributions of $1.28 per share is comprised of distributions from net investment income of $.446 and distributions from net realized gain of $.837 per share. J Total distributions of $1.88 per share is comprised of distributions from net investment income of $.703 and distributions from net realized gain of $1.172 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .75 | .48 | .44 | .37 | .52 |
Net realized and unrealized gain (loss) | 4.60 | .10 | 9.72 | 12.39 | (15.74) |
Total from investment operations | 5.35 | .58 | 10.16 | 12.76 | (15.22) |
Distributions from net investment income | (.72) | (.46) | (.37) | (.36) | (.44) |
Distributions from net realized gain | (1.17) | (.84) | (.51) | (.06) | (.76) |
Total distributions | (1.89) | (1.29) I | (.88) | (.41) H | (1.20) |
Redemption fees added to paid in capital B | - G | .01 | - G | - G | - G |
Net asset value, end of period | $ 43.12 | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 |
Total Return A | 14.04% | 1.76% | 33.02% | 68.25% | (44.25)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .07% | .07% | .07% | .07% | .07% |
Expenses net of fee waivers, if any | .07% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .07% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 1.88% | 1.29% | 1.27% | 1.38% | 1.74% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 7,173,852 | $ 3,910,289 | $ 1,525,199 | $ 900,218 | $ 478,227 |
Portfolio turnover rate D | 10% | 11% | 8% | 26% | 16% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. H Total distributions of $.41 per share is comprised of distributions from net investment income of $.358 and distributions from net realized gain of $.055 per share. I Total distributions of $1.29 per share is comprised of distributions from net investment income of $.457 and distributions from net realized gain of $.837 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 G, I |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 39.66 | $ 34.67 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .75 | .25 |
Net realized and unrealized gain (loss) | 4.60 | 5.52 |
Total from investment operations | 5.35 | 5.77 |
Distributions from net investment income | (.72) | (.40) |
Distributions from net realized gain | (1.17) | (.38) |
Total distributions | (1.90) K | (.78) |
Redemption fees added to paid in capital D, J | - | - |
Net asset value, end of period | $ 43.11 | $ 39.66 |
Total Return B, C | 14.04% | 16.99% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 1.89% | 1.44% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 226 | $ 117 |
Portfolio turnover rate F | 10% | 11% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. I For the year ended February 29. J Amount represents less than $.01 per share. K Total distributions of $1.90 per share is comprised of distributions from net investment income of $.723 and distributions from net realized gain of $1.172 per share. L Amount not annualized. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 28, 2013 | Past 1 | Past 5 | Past 10 |
Spartan International Index Fund - Investor Class | 10.01% | -0.97% | 9.34% |
Spartan International Index Fund - Fidelity Advantage Class A | 10.07% | -0.93% | 9.37% |
A The initial offering of Fidelity Advantage Class took place on October 14, 2005. Returns prior to October 14, 2005, are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan International Index Fund - Investor Class on February 28, 2003. The chart shows how the value of your investment would have changed, and also shows how the MSCI® EAFE® Index performed over the same period.
Annual Report
Spartan International Index Fund
Management's Discussion of Fund Performance
Market Recap: For the 12 months ending February 28, 2013, international equities cast off an early-period drubbing and rebounded to finish in positive territory, as debt woes in the eurozone subsided and central banks around the world continued with monetary easing. Foreign developed- and emerging-markets stocks, as measured by the MSCI® ACWI® (All Country World Index) ex USA Index, rose 6.80% for the year, fueled in part by stabilization in the eurozone and improving U.S. economic data, but held back by a stronger U.S. dollar. International stocks were hard hit through May, amid fear of global debt contagion and an economic slowdown in China. Markets reversed course in the summer and never looked back, fueled by news that European Central Bank officials would do "whatever it takes" to save the euro. Within the MSCI index, several European countries had double-digit gains, with Switzerland (+23%) and Sweden (+15%) posting strong returns, while larger economies such as Germany (+11%), France (+10%) and the U.K. (+7%) - the biggest market weighting in the index - also fared well. Countries plagued by slowing or stagnant economies had mixed results, including Greece (+9%), Spain (+2%) and Italy (-3%). Asia-Pacific ex Japan (+15%) outpaced the index, while Japan (+5%) was especially hurt by currency fluctuations. Canada and the more-volatile emerging markets saw only modest to flat gains.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® International Index Fund: For the year, the fund's Investor Class and Fidelity Advantage® Class shares gained 10.01% and 10.07%, respectively, compared with 9.99% for the MSCI® EAFE® Index. (The fund's performance relative to the index can be affected by Fidelity's methodologies for valuing certain foreign stocks and for incorporating foreign exchange rates, which differ from those used by the index.) Of the 10 sectors in the index, six turned in a positive result in U.S. dollar terms, with health care and financials leading the way, while energy and utilities brought up the rear. On an individual basis, several pharmaceutical manufacturers, led by Switzerland's Roche Holding, were outsized contributors. Roche, the world's largest maker of cancer drugs, saw its shares rise by roughly 31%, while another Swiss drug maker, Novartis, also added considerable value. Meanwhile, another Swiss company, food products giant Nestle - the largest position in both the index and fund during the period - further contributed. In the financials sector, HSBC Holdings, a leading U.K. bank, lifted results, as did two Australian banks - Westpac Banking and Commonwealth Bank of Australia. On the negative side, the fund's three-biggest detractors were all based in the U.K. - including natural gas company BG Group and diversified energy giant BP. Mining concern Anglo American, headquartered in the U.K., was another notable source of underperformance, as was Australia's Newcrest Mining, whose shares fell 35%. In Spain, the country's leading telecommunication services provider, Telefonica, further hampered results, while the fund also was hurt by its allocation to equity index futures, which we used to temporarily reinvest cash to gain additional exposure to the market.
The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.
Annual Report
Spartan International Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Nestle SA (Switzerland, Food Products) | 1.9 | 2.0 |
HSBC Holdings PLC (United Kingdom) (United Kingdom, Commercial Banks) | 1.8 | 1.6 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.4 | 1.3 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.4 | 1.3 |
Toyota Motor Corp. (Japan, Automobiles) | 1.2 | 1.1 |
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) | 1.1 | 1.3 |
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services) | 1.1 | 1.4 |
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) | 1.0 | 1.2 |
BHP Billiton Ltd. (Australia, Metals & Mining) | 1.0 | 1.1 |
Sanofi SA (France, Pharmaceuticals) | 1.0 | 1.0 |
| 12.9 | |
Market Sectors as of February 28, 2013 | ||
| % of fund's | % of fund's net assets |
Financials | 23.9 | 22.1 |
Industrials | 12.6 | 12.8 |
Consumer Staples | 12.0 | 12.2 |
Consumer Discretionary | 11.5 | 10.1 |
Health Care | 10.0 | 10.2 |
Materials | 9.1 | 9.2 |
Energy | 6.9 | 8.4 |
Telecommunication Services | 4.4 | 5.4 |
Information Technology | 4.3 | 4.2 |
Utilities | 3.4 | 3.8 |
Geographic Diversification (% of fund's net assets) | |||
As of February 28, 2013 | |||
United Kingdom | 21.0% |
| |
Japan | 20.6% |
| |
Australia | 9.3% |
| |
Switzerland | 8.9% |
| |
France | 8.8% |
| |
Germany | 8.4% |
| |
Sweden | 3.3% |
| |
Spain | 2.9% |
| |
Hong Kong | 2.8% |
| |
Other | 14.0% |
|
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
As of August 31, 2012 | |||
United Kingdom | 22.4% |
| |
Japan | 20.5% |
| |
Australia | 9.0% |
| |
France | 8.7% |
| |
Switzerland | 8.5% |
| |
Germany | 8.1% |
| |
Sweden | 3.2% |
| |
Netherlands | 2.8% |
| |
Spain | 2.7% |
| |
Other | 14.1% |
|
Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan International Index Fund
Investments February 28, 2013
Showing Percentage of Net Assets
Common Stocks - 97.2% | |||
Shares | Value | ||
Australia - 9.1% | |||
AGL Energy Ltd. | 470,313 | $ 7,657,595 | |
ALS Ltd. | 288,322 | 3,448,671 | |
Alumina Ltd. | 2,214,560 | 2,764,253 | |
Amcor Ltd. | 1,043,737 | 9,808,351 | |
AMP Ltd. | 2,533,442 | 14,181,058 | |
APA Group unit | 698,390 | 4,387,228 | |
Asciano Ltd. | 851,718 | 4,854,529 | |
ASX Ltd. | 149,863 | 5,579,677 | |
Australia & New Zealand Banking Group Ltd. | 2,355,233 | 69,093,219 | |
Bendigo & Adelaide Bank Ltd. | 350,417 | 3,554,279 | |
BHP Billiton Ltd. | 2,785,158 | 104,271,173 | |
Boral Ltd. | 685,950 | 3,622,431 | |
Brambles Ltd. | 1,346,702 | 12,036,402 | |
Caltex Australia Ltd. | 121,749 | 2,480,992 | |
CFS Retail Property Trust unit | 1,642,849 | 3,507,204 | |
Coca-Cola Amatil Ltd. | 496,624 | 7,350,438 | |
Cochlear Ltd. | 48,104 | 3,480,782 | |
Commonwealth Bank of Australia | 1,394,156 | 95,796,560 | |
Computershare Ltd. | 375,002 | 3,899,406 | |
Crown Ltd. | 366,093 | 4,491,088 | |
CSL Ltd. | 435,408 | 26,684,850 | |
DEXUS Property Group unit | 3,887,425 | 4,328,183 | |
Echo Entertainment Group Ltd. | 661,869 | 2,542,009 | |
Federation Centres unit | 1,152,017 | 2,882,983 | |
Flight Centre Ltd. (d) | 46,630 | 1,547,982 | |
Fortescue Metals Group Ltd. | 1,244,164 | 5,998,418 | |
Goodman Group unit | 1,475,225 | 7,006,939 | |
Harvey Norman Holdings Ltd. (d) | 431,590 | 1,097,711 | |
Iluka Resources Ltd. | 360,587 | 3,874,743 | |
Incitec Pivot Ltd. | 1,381,242 | 4,557,109 | |
Insurance Australia Group Ltd. | 1,810,051 | 10,520,108 | |
Leighton Holdings Ltd. | 131,419 | 3,169,358 | |
Lend Lease Group unit | 465,841 | 5,067,625 | |
Macquarie Group Ltd. | 284,919 | 10,977,671 | |
Metcash Ltd. (d) | 735,628 | 3,065,741 | |
Mirvac Group unit | 2,898,652 | 4,855,758 | |
National Australia Bank Ltd. | 2,011,094 | 62,037,805 | |
Newcrest Mining Ltd. | 664,075 | 15,370,718 | |
Orica Ltd. | 317,216 | 8,848,994 | |
Origin Energy Ltd. | 946,241 | 11,762,766 | |
OZ Minerals Ltd. | 265,086 | 1,722,111 | |
Qantas Airways Ltd. (a) | 927,527 | 1,558,510 | |
QBE Insurance Group Ltd. | 1,037,256 | 14,176,179 | |
QR National Ltd. | 1,549,392 | 6,377,985 | |
Ramsay Health Care Ltd. | 115,489 | 3,789,076 | |
Rio Tinto Ltd. | 377,735 | 25,870,399 | |
Santos Ltd. | 830,314 | 11,373,346 | |
Sims Metal Management Ltd. | 145,745 | 1,615,431 | |
Sonic Healthcare Ltd. | 330,315 | 4,531,285 | |
SP AusNet unit | 1,410,925 | 1,715,015 | |
Stockland Corp. Ltd. unit | 1,923,310 | 7,386,764 | |
| |||
Shares | Value | ||
Suncorp-Metway Ltd. | 1,113,546 | $ 12,818,854 | |
Sydney Airport unit | 350,832 | 1,135,993 | |
Tabcorp Holdings Ltd. | 593,991 | 1,929,408 | |
Tattersall's Ltd. | 1,184,324 | 3,859,032 | |
Telstra Corp. Ltd. | 3,768,619 | 17,669,003 | |
The GPT Group unit | 1,407,898 | 5,651,723 | |
Toll Holdings Ltd. | 574,617 | 3,627,305 | |
Transurban Group unit | 1,112,013 | 6,996,933 | |
Treasury Wine Estates Ltd. | 546,986 | 2,961,210 | |
Wesfarmers Ltd. | 871,614 | 36,529,424 | |
Westfield Group unit | 1,898,213 | 21,716,012 | |
Westfield Retail Trust unit | 2,519,533 | 8,183,975 | |
Westpac Banking Corp. | 2,670,312 | 83,927,950 | |
Whitehaven Coal Ltd. | 408,815 | 1,169,235 | |
Woodside Petroleum Ltd. | 570,057 | 21,835,677 | |
Woolworths Ltd. | 1,066,576 | 38,054,630 | |
WorleyParsons Ltd. | 180,914 | 4,922,928 | |
TOTAL AUSTRALIA | 915,568,200 | ||
Austria - 0.3% | |||
Andritz AG | 66,294 | 4,675,438 | |
Erste Bank AG | 182,968 | 5,894,213 | |
IMMOEAST AG (a)(d) | 321,410 | 4 | |
IMMOFINANZ Immobilien Anlagen AG | 803,952 | 3,363,966 | |
OMV AG | 133,560 | 5,813,471 | |
Osterreichische Elektrizitatswirtschafts AG | 56,701 | 1,178,494 | |
Raiffeisen International Bank-Holding AG (d) | 39,262 | 1,484,703 | |
Telekom Austria AG (d) | 265,993 | 1,757,172 | |
Vienna Insurance Group AG Wien | 27,880 | 1,411,907 | |
Voestalpine AG | 89,783 | 3,031,211 | |
TOTAL AUSTRIA | 28,610,579 | ||
Bailiwick of Guernsey - 0.0% | |||
Resolution Ltd. | 1,297,222 | 5,140,287 | |
Bailiwick of Jersey - 0.9% | |||
Experian PLC | 873,720 | 14,500,718 | |
Glencore International PLC (d) | 3,384,867 | 19,898,174 | |
Petrofac Ltd. | 220,467 | 4,863,041 | |
Randgold Resources Ltd. | 76,625 | 6,342,769 | |
Shire PLC | 485,300 | 15,184,136 | |
Wolseley PLC | 237,758 | 11,206,662 | |
WPP PLC | 1,093,921 | 17,430,450 | |
TOTAL BAILIWICK OF JERSEY | 89,425,950 | ||
Belgium - 1.2% | |||
Ageas | 200,273 | 6,820,351 | |
Anheuser-Busch InBev SA NV | 696,189 | 65,243,275 | |
Belgacom SA | 128,566 | 3,593,654 | |
Colruyt NV | 67,506 | 3,326,560 | |
Delhaize Group SA | 89,257 | 4,313,921 | |
Groupe Bruxelles Lambert SA | 69,152 | 5,524,318 | |
Common Stocks - continued | |||
Shares | Value | ||
Belgium - continued | |||
Groupe Bruxelles Lambert SA (strip VVPR) (a) | 2,466 | $ 3 | |
KBC Groupe SA | 206,797 | 7,670,240 | |
Solvay SA Class A | 50,561 | 7,224,785 | |
Telenet Group Holding NV | 47,942 | 2,454,493 | |
UCB SA | 96,221 | 5,558,744 | |
Umicore SA | 96,852 | 4,841,584 | |
TOTAL BELGIUM | 116,571,928 | ||
Bermuda - 0.4% | |||
Cheung Kong Infrastructure Holdings Ltd. | 437,450 | 2,868,164 | |
First Pacific Co. Ltd. | 1,748,000 | 2,312,456 | |
Kerry Properties Ltd. | 592,681 | 3,049,148 | |
Li & Fung Ltd. | 5,083,246 | 6,816,463 | |
Noble Group Ltd. | 3,320,890 | 3,177,693 | |
NWS Holdings Ltd. | 1,166,809 | 2,220,602 | |
Orient Overseas International Ltd. | 202,400 | 1,426,216 | |
Seadrill Ltd. | 312,992 | 11,389,557 | |
Shangri-La Asia Ltd. | 1,309,380 | 3,052,451 | |
Yue Yuen Industrial (Holdings) Ltd. | 632,000 | 2,135,025 | |
TOTAL BERMUDA | 38,447,775 | ||
Cayman Islands - 0.2% | |||
ASM Pacific Technology Ltd. | 167,729 | 2,210,261 | |
MGM China Holdings Ltd. | 893,600 | 2,159,222 | |
Sands China Ltd. | 2,093,600 | 9,974,537 | |
Wynn Macau Ltd. (a) | 1,336,000 | 3,522,771 | |
TOTAL CAYMAN ISLANDS | 17,866,791 | ||
Denmark - 1.2% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 475 | 3,655,861 | |
Series B | 1,142 | 9,133,361 | |
Carlsberg A/S Series B | 92,777 | 9,534,915 | |
Coloplast A/S Series B | 97,535 | 5,087,090 | |
Danske Bank A/S (a) | 568,635 | 10,582,914 | |
DSV de Sammensluttede Vognmaend A/S | 170,707 | 4,193,218 | |
Novo Nordisk A/S Series B | 353,177 | 61,747,431 | |
Novozymes A/S Series B | 213,876 | 7,455,413 | |
TDC A/S | 565,520 | 4,257,502 | |
Tryg A/S | 21,231 | 1,710,999 | |
William Demant Holding A/S (a) | 21,659 | 1,731,461 | |
TOTAL DENMARK | 119,090,165 | ||
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 125,068 | 2,635,380 | |
Fortum Corp. | 386,972 | 7,381,137 | |
Kesko Oyj | 53,062 | 1,657,753 | |
Kone Oyj (B Shares) (d) | 134,869 | 10,916,850 | |
Metso Corp. | 112,070 | 4,813,697 | |
Neste Oil Oyj (d) | 110,216 | 1,659,081 | |
Nokia Corp. (d) | 3,254,290 | 11,825,669 | |
| |||
Shares | Value | ||
Nokian Tyres PLC (d) | 95,794 | $ 4,353,473 | |
Orion Oyj (B Shares) | 82,822 | 2,454,512 | |
Pohjola Bank PLC (A Shares) | 118,064 | 1,872,782 | |
Sampo Oyj (A Shares) | 362,872 | 13,411,793 | |
Stora Enso Oyj (R Shares) | 494,305 | 3,323,500 | |
UPM-Kymmene Corp. | 454,455 | 5,313,124 | |
Wartsila Corp. | 143,368 | 6,625,963 | |
TOTAL FINLAND | 78,244,714 | ||
France - 8.5% | |||
Accor SA | 126,182 | 4,551,681 | |
Aeroports de Paris | 27,109 | 2,289,872 | |
Air Liquide SA | 20,551 | 2,500,589 | |
Air Liquide SA (a) | 14,110 | 1,716,866 | |
Alstom SA | 186,754 | 8,241,004 | |
Arkema SA | 55,338 | 5,622,225 | |
Atos Origin SA | 46,302 | 3,438,976 | |
AXA SA | 1,533,118 | 26,630,785 | |
BIC SA | 24,438 | 2,852,629 | |
BNP Paribas SA | 869,755 | 48,946,100 | |
Bouygues SA | 165,334 | 4,671,033 | |
Bureau Veritas SA | 48,408 | 6,243,436 | |
Cap Gemini SA | 132,914 | 6,541,058 | |
Carrefour SA | 522,108 | 14,232,603 | |
Casino Guichard Perrachon SA | 47,503 | 4,775,351 | |
Christian Dior SA | 47,519 | 7,937,817 | |
CNP Assurances | 137,441 | 2,045,572 | |
Compagnie de St. Gobain | 343,977 | 13,721,614 | |
Compagnie Generale de Geophysique SA (a) | 134,096 | 3,317,924 | |
Credit Agricole SA (a) | 872,801 | 8,204,294 | |
Danone SA | 501,545 | 34,828,390 | |
Dassault Systemes SA | 54,397 | 6,174,305 | |
Edenred SA | 145,701 | 5,040,828 | |
EDF SA | 26,606 | 503,143 | |
EDF SA (a) | 186,140 | 3,520,073 | |
Essilor International SA | 175,193 | 18,080,571 | |
Eurazeo SA | 27,368 | 1,492,454 | |
Eutelsat Communications | 116,173 | 4,185,324 | |
Fonciere Des Regions | 23,303 | 1,927,920 | |
France Telecom SA | 1,608,648 | 15,515,340 | |
GDF Suez | 1,150,909 | 21,757,203 | |
Gecina SA | 18,898 | 2,145,255 | |
Groupe Eurotunnel SA | 479,731 | 4,059,760 | |
ICADE | 19,465 | 1,749,907 | |
Iliad SA | 19,163 | 3,667,676 | |
Imerys | 27,771 | 1,871,557 | |
JCDecaux SA | 56,177 | 1,525,511 | |
Klepierre SA | 93,051 | 3,823,669 | |
L'Oreal SA | 14,012 | 2,095,505 | |
L'Oreal SA (a) | 179,277 | 26,811,010 | |
L'Oreal SA (a) | 17,567 | 2,627,158 | |
Lafarge SA | 142,806 | 9,627,781 | |
Lafarge SA (a) | 16,709 | 1,126,497 | |
Common Stocks - continued | |||
Shares | Value | ||
France - continued | |||
Lafarge SA (Bearer) | 5,225 | $ 352,262 | |
Lagardere S.C.A. (Reg.) | 101,081 | 3,607,959 | |
Legrand SA | 203,050 | 9,335,212 | |
LVMH Moet Hennessy - Louis Vuitton SA | 220,047 | 37,892,543 | |
Michelin CGDE Series B | 158,387 | 14,152,170 | |
Natixis SA | 782,511 | 3,261,992 | |
Pernod Ricard SA | 183,702 | 23,836,917 | |
Peugeot Citroen SA (a)(d) | 190,533 | 1,442,255 | |
PPR SA | 65,453 | 14,672,137 | |
Publicis Groupe SA | 154,289 | 10,196,488 | |
Remy Cointreau SA | 19,026 | 2,404,453 | |
Renault SA | 166,684 | 10,579,319 | |
Rexel SA | 128,505 | 2,979,590 | |
Safran SA | 200,058 | 9,162,395 | |
Sanofi SA | 1,033,015 | 97,555,724 | |
Schneider Electric SA | 456,208 | 35,092,891 | |
SCOR SE | 139,093 | 3,934,209 | |
Societe Generale Series A | 608,894 | 23,379,231 | |
Sodexo SA | 2,500 | 231,539 | |
Sodexo SA | 77,845 | 7,209,670 | |
Suez Environnement SA | 247,379 | 3,299,094 | |
Technip SA | 87,887 | 9,518,903 | |
Thales SA | 83,314 | 2,935,174 | |
Total SA | 1,846,116 | 92,168,666 | |
Unibail-Rodamco | 79,616 | 18,086,024 | |
Vallourec SA | 91,607 | 4,883,167 | |
Veolia Environnement SA | 310,104 | 3,895,193 | |
VINCI SA | 398,591 | 18,447,488 | |
Vivendi SA | 1,147,721 | 24,154,323 | |
Wendel SA | 28,542 | 3,143,507 | |
Zodiac Aerospace | 29,966 | 3,371,544 | |
TOTAL FRANCE | 847,820,305 | ||
Germany - 7.7% | |||
adidas AG | 181,180 | 16,510,460 | |
Allianz AG | 395,100 | 54,006,647 | |
Axel Springer Verlag | 35,536 | 1,674,824 | |
BASF AG | 796,623 | 75,069,449 | |
Bayer AG | 716,890 | 71,000,085 | |
Bayerische Motoren Werke AG (BMW) | 288,843 | 26,660,898 | |
Beiersdorf AG | 85,869 | 7,487,578 | |
Brenntag AG | 44,214 | 6,303,416 | |
Celesio AG | 76,523 | 1,383,679 | |
Commerzbank AG (a) | 3,231,118 | 5,960,580 | |
Continental AG | 95,371 | 11,194,839 | |
Daimler AG (Germany) | 786,641 | 46,897,916 | |
Deutsche Bank AG | 806,341 | 36,813,195 | |
Deutsche Boerse AG | 167,648 | 10,393,177 | |
Deutsche Lufthansa AG | 201,692 | 4,068,278 | |
Deutsche Post AG | 785,871 | 17,631,705 | |
Deutsche Telekom AG | 2,432,942 | 26,131,646 | |
E.ON AG | 1,562,068 | 26,083,387 | |
| |||
Shares | Value | ||
Fraport AG Frankfurt Airport Services Worldwide | 32,468 | $ 1,929,529 | |
Fresenius Medical Care AG & Co. KGaA | 183,287 | 12,561,525 | |
Fresenius SE & Co. KGaA | 108,160 | 13,293,348 | |
GEA Group AG | 150,876 | 5,372,525 | |
Hannover Rueckversicherungs AG | 53,214 | 4,163,549 | |
HeidelbergCement Finance AG | 122,457 | 8,444,531 | |
Henkel AG & Co. KGaA | 112,882 | 8,351,633 | |
Hochtief AG | 33,341 | 2,243,451 | |
Hugo Boss AG | 21,642 | 2,509,301 | |
Infineon Technologies AG | 925,476 | 7,927,362 | |
K&S AG (d) | 150,915 | 7,093,960 | |
Kabel Deutschland Holding AG | 77,467 | 6,718,534 | |
Lanxess AG | 72,795 | 6,169,835 | |
Linde AG | 160,883 | 29,174,667 | |
MAN SE | 36,161 | 4,154,479 | |
Merck KGaA | 55,975 | 7,892,441 | |
Metro AG | 112,232 | 3,472,630 | |
Muenchener Rueckversicherungs AG | 155,225 | 27,905,456 | |
RWE AG | 424,249 | 15,583,365 | |
Salzgitter AG | 37,143 | 1,772,142 | |
SAP AG | 797,804 | 62,300,785 | |
Siemens AG | 725,081 | 75,256,944 | |
Suedzucker AG (Bearer) | 68,638 | 3,006,427 | |
Thyssenkrupp AG (a) | 329,230 | 7,425,248 | |
United Internet AG | 89,127 | 2,102,039 | |
Volkswagen AG | 25,399 | 5,234,253 | |
TOTAL GERMANY | 777,331,718 | ||
Greece - 0.1% | |||
Coca-Cola Hellenic Bottling Co. SA | 170,135 | 4,642,303 | |
Greek Organization of Football Prognostics SA | 190,194 | 1,618,967 | |
TOTAL GREECE | 6,261,270 | ||
Hong Kong - 2.7% | |||
AIA Group Ltd. | 10,435,200 | 45,208,974 | |
Bank of East Asia Ltd. | 1,276,018 | 5,215,557 | |
BOC Hong Kong (Holdings) Ltd. | 3,193,566 | 10,767,929 | |
Cathay Pacific Airways Ltd. | 958,327 | 1,789,233 | |
Cheung Kong Holdings Ltd. | 1,203,449 | 18,713,697 | |
CLP Holdings Ltd. | 1,520,157 | 13,083,511 | |
Galaxy Entertainment Group Ltd. (a) | 1,841,000 | 7,726,617 | |
Hang Lung Properties Ltd. | 2,074,423 | 8,037,600 | |
Hang Seng Bank Ltd. | 654,901 | 10,589,069 | |
Henderson Land Development Co. Ltd. | 874,608 | 6,084,004 | |
HKT Trust / HKT Ltd. unit | 1,905,000 | 1,861,868 | |
Hong Kong & China Gas Co. Ltd. | 4,490,375 | 12,563,972 | |
Hong Kong Exchanges and Clearing Ltd. | 944,461 | 16,988,023 | |
Hopewell Holdings Ltd. | 500,000 | 2,185,518 | |
Hutchison Whampoa Ltd. | 1,838,158 | 19,802,220 | |
Hysan Development Co. Ltd. | 520,677 | 2,678,711 | |
Link (REIT) | 1,978,502 | 10,574,154 | |
MTR Corp. Ltd. | 1,256,951 | 5,186,244 | |
Common Stocks - continued | |||
Shares | Value | ||
Hong Kong - continued | |||
New World Development Co. Ltd. | 3,129,842 | $ 5,762,822 | |
PCCW Ltd. | 3,395,000 | 1,615,291 | |
Power Assets Holdings Ltd. | 1,199,676 | 10,696,477 | |
Sino Land Ltd. | 2,514,689 | 4,571,808 | |
SJM Holdings Ltd. | 1,656,000 | 4,138,078 | |
Sun Hung Kai Properties Ltd. | 1,354,611 | 20,959,477 | |
Swire Pacific Ltd. (A Shares) | 614,384 | 7,929,733 | |
Swire Properties Ltd. | 984,600 | 3,681,649 | |
Wharf Holdings Ltd. | 1,308,585 | 11,439,742 | |
Wheelock and Co. Ltd. | 771,000 | 4,210,100 | |
Wing Hang Bank Ltd. | 148,843 | 1,651,444 | |
TOTAL HONG KONG | 275,713,522 | ||
Ireland - 0.3% | |||
CRH PLC | 622,245 | 13,528,870 | |
Elan Corp. PLC (a) | 424,537 | 4,774,425 | |
Irish Bank Resolution Corp. Ltd. (a) | 331,052 | 4 | |
James Hardie Industries PLC CDI | 383,265 | 3,836,563 | |
Kerry Group PLC Class A | 125,549 | 7,041,595 | |
Prothena Corp. PLC (a)(d) | 10,110 | 62,379 | |
Ryanair Holdings PLC | 262,563 | 1,937,524 | |
TOTAL IRELAND | 31,181,360 | ||
Isle of Man - 0.1% | |||
Genting Singapore PLC | 5,270,859 | 6,703,491 | |
Israel - 0.5% | |||
Bank Hapoalim BM (Reg.) (a) | 912,772 | 4,048,026 | |
Bank Leumi le-Israel BM (a) | 1,116,415 | 3,980,164 | |
Bezeq Israeli Telecommunication Corp. Ltd. | 1,597,115 | 2,047,060 | |
Delek Group Ltd. | 3,486 | 922,247 | |
Israel Chemicals Ltd. | 389,627 | 5,035,906 | |
Israel Corp. Ltd. (Class A) | 1,888 | 1,356,361 | |
Mellanox Technologies Ltd. (a) | 29,545 | 1,523,492 | |
Mizrahi Tefahot Bank Ltd. (a) | 97,636 | 1,025,063 | |
NICE Systems Ltd. (a) | 48,473 | 1,708,644 | |
Teva Pharmaceutical Industries Ltd. | 772,673 | 28,931,543 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR | 16,684 | 623,982 | |
TOTAL ISRAEL | 51,202,488 | ||
Italy - 1.9% | |||
Assicurazioni Generali SpA | 1,009,026 | 16,361,287 | |
Atlantia SpA | 284,474 | 4,920,984 | |
Banca Monte dei Paschi di Siena SpA (a)(d) | 5,639,059 | 1,553,397 | |
Banco Popolare Societa Cooperativa (a) | 1,539,725 | 2,597,163 | |
Enel Green Power SpA | 1,523,214 | 2,817,892 | |
Enel SpA | 5,704,740 | 20,645,366 | |
ENI SpA | 2,203,584 | 50,153,078 | |
EXOR SpA | 54,091 | 1,515,473 | |
Fiat Industrial SpA | 741,158 | 9,013,369 | |
Fiat SpA (d) | 781,109 | 4,191,283 | |
| |||
Shares | Value | ||
Finmeccanica SpA (a) | 348,723 | $ 1,714,567 | |
Intesa Sanpaolo SpA | 8,704,539 | 14,125,714 | |
Intesa Sanpaolo SpA (Risparmio Shares) | 871,602 | 1,206,195 | |
Luxottica Group SpA | 140,726 | 6,564,795 | |
Mediobanca SpA | 444,082 | 2,700,575 | |
Pirelli & C SpA (d) | 209,953 | 2,438,156 | |
Prysmian SpA | 178,628 | 3,892,238 | |
Saipem SpA | 234,382 | 6,266,827 | |
Snam Rete Gas SpA | 1,465,188 | 6,947,566 | |
Telecom Italia SpA | 8,059,353 | 5,926,808 | |
Terna SpA | 1,129,054 | 4,719,865 | |
UniCredit SpA (a) | 3,509,033 | 17,830,101 | |
Unione di Banche Italiane SCPA | 753,495 | 3,450,909 | |
TOTAL ITALY | 191,553,608 | ||
Japan - 20.1% | |||
ABC-Mart, Inc. | 22,100 | 771,318 | |
ACOM Co. Ltd. (a) | 34,000 | 841,838 | |
Advantest Corp. | 126,490 | 1,814,993 | |
Aeon Co. Ltd. | 515,300 | 5,792,886 | |
AEON Credit Service Co. Ltd. (d) | 69,300 | 1,613,436 | |
AEON Mall Co. Ltd. | 64,200 | 1,591,667 | |
Air Water, Inc. | 125,000 | 1,693,818 | |
Aisin Seiki Co. Ltd. | 164,700 | 5,961,468 | |
Ajinomoto Co., Inc. | 564,866 | 7,489,700 | |
Alfresa Holdings Corp. | 34,700 | 1,708,982 | |
All Nippon Airways Ltd. | 989,000 | 2,027,295 | |
Amada Co. Ltd. | 303,000 | 1,977,721 | |
Aozora Bank Ltd. | 922,000 | 2,795,145 | |
Asahi Glass Co. Ltd. | 857,677 | 5,829,501 | |
Asahi Group Holdings | 332,603 | 8,396,709 | |
Asahi Kasei Corp. | 1,104,727 | 6,531,345 | |
Asics Corp. | 125,100 | 1,965,105 | |
Astellas Pharma, Inc. | 385,600 | 20,842,118 | |
Bank of Kyoto Ltd. | 276,000 | 2,411,911 | |
Bank of Yokohama Ltd. | 1,056,084 | 5,434,805 | |
Benesse Holdings, Inc. | 58,800 | 2,439,163 | |
Bridgestone Corp. | 564,779 | 17,329,069 | |
Brother Industries Ltd. | 195,800 | 2,049,045 | |
Calbee, Inc. | 13,800 | 1,176,179 | |
Canon, Inc. | 983,244 | 35,582,978 | |
Casio Computer Co. Ltd. (d) | 197,900 | 1,567,144 | |
Central Japan Railway Co. | 125,500 | 12,199,320 | |
Chiba Bank Ltd. | 638,674 | 4,072,244 | |
Chiyoda Corp. | 136,000 | 1,697,616 | |
Chubu Electric Power Co., Inc. | 569,864 | 7,144,049 | |
Chugai Pharmaceutical Co. Ltd. | 188,725 | 4,082,356 | |
Chugoku Electric Power Co., Inc.(THE) | 260,400 | 3,272,910 | |
Citizen Holdings Co. Ltd. | 222,266 | 1,206,169 | |
Coca-Cola West Co. Ltd. | 47,500 | 813,275 | |
Cosmo Oil Co. Ltd. | 472,000 | 1,110,109 | |
Credit Saison Co. Ltd. | 133,552 | 2,838,466 | |
Dai Nippon Printing Co. Ltd. | 475,242 | 4,178,684 | |
Dai-ichi Mutual Life Insurance Co. | 7,387 | 10,360,448 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Daicel Chemical Industries Ltd. | 260,000 | $ 2,000,000 | |
Daido Steel Co. Ltd. | 236,000 | 1,255,238 | |
Daihatsu Motor Co. Ltd. | 171,000 | 3,473,870 | |
Daiichi Sankyo Kabushiki Kaisha | 583,970 | 10,452,111 | |
Daikin Industries Ltd. | 203,494 | 7,541,287 | |
Dainippon Sumitomo Pharma Co. Ltd. | 141,600 | 2,045,554 | |
Daito Trust Construction Co. Ltd. | 63,563 | 5,691,799 | |
Daiwa House Industry Co. Ltd. | 446,184 | 8,192,957 | |
Daiwa Securities Group, Inc. | 1,450,985 | 8,969,839 | |
DeNA Co. Ltd. (d) | 91,100 | 2,555,400 | |
Denki Kagaku Kogyo KK | 417,358 | 1,589,463 | |
Denso Corp. | 422,238 | 17,720,420 | |
Dentsu, Inc. | 154,000 | 4,791,628 | |
Don Quijote Co. Ltd. | 45,600 | 1,795,663 | |
East Japan Railway Co. | 291,700 | 21,525,817 | |
Eisai Co. Ltd. | 216,078 | 9,627,814 | |
Electric Power Development Co. Ltd. | 97,180 | 2,495,290 | |
FamilyMart Co. Ltd. | 53,900 | 2,270,790 | |
Fanuc Corp. | 166,272 | 25,669,999 | |
Fast Retailing Co. Ltd. | 46,000 | 12,620,347 | |
Fuji Electric Co. Ltd. | 486,153 | 1,389,908 | |
Fuji Heavy Industries Ltd. | 505,000 | 7,551,300 | |
Fujifilm Holdings Corp. | 402,805 | 7,735,385 | |
Fujitsu Ltd. | 1,634,075 | 7,510,151 | |
Fukuoka Financial Group, Inc. | 648,300 | 2,944,593 | |
Furukawa Electric Co. Ltd. (a) | 532,790 | 1,207,098 | |
Fyushu Electric Power Co., Inc. | 361,870 | 3,470,735 | |
GREE, Inc. (d) | 75,900 | 923,672 | |
GS Yuasa Corp. (d) | 301,000 | 1,305,448 | |
Gunma Bank Ltd. | 320,663 | 1,743,599 | |
Hakuhodo DY Holdings, Inc. | 19,920 | 1,512,966 | |
Hamamatsu Photonics K.K. | 60,400 | 2,398,015 | |
Hankyu Hanshin Holdings, Inc. | 1,010,000 | 5,546,337 | |
Hino Motors Ltd. | 228,000 | 2,408,156 | |
Hirose Electric Co. Ltd. | 27,198 | 3,286,413 | |
Hiroshima Bank Ltd. | 418,000 | 1,754,256 | |
Hisamitsu Pharmaceutical Co., Inc. | 52,400 | 3,035,797 | |
Hitachi Chemical Co. Ltd. | 87,200 | 1,195,719 | |
Hitachi Construction Machinery Co. Ltd. | 91,100 | 2,092,479 | |
Hitachi High-Technologies Corp. | 57,600 | 1,190,653 | |
Hitachi Ltd. | 4,090,271 | 22,946,821 | |
Hitachi Metals Ltd. | 143,000 | 1,337,588 | |
Hokkaido Electric Power Co., Inc. | 150,800 | 1,335,708 | |
Hokuriku Electric Power Co., Inc. | 147,500 | 1,694,762 | |
Honda Motor Co. Ltd. | 1,414,260 | 52,891,351 | |
Hoya Corp. | 377,716 | 7,245,431 | |
Hulic Co. Ltd. | 239,400 | 1,795,048 | |
Ibiden Co. Ltd. | 100,400 | 1,571,695 | |
Idemitsu Kosan Co. Ltd. | 19,700 | 1,791,682 | |
INPEX Corp. | 1,915 | 10,185,511 | |
Isetan Mitsukoshi Holdings Ltd. | 301,587 | 3,338,313 | |
| |||
Shares | Value | ||
Ishikawajima-Harima Heavy Industries Co. Ltd. | 1,170,185 | $ 3,282,426 | |
Isuzu Motors Ltd. | 1,025,000 | 6,303,269 | |
Itochu Corp. | 1,307,386 | 15,092,275 | |
ITOCHU Techno-Solutions Corp. | 23,600 | 1,031,179 | |
Iyo Bank Ltd. | 212,000 | 1,806,883 | |
J Front Retailing Co. Ltd. | 423,800 | 2,505,582 | |
Japan Airlines Co. Ltd. | 49,900 | 2,368,756 | |
Japan Petroleum Exploration Co. Ltd. | 28,300 | 1,073,196 | |
Japan Prime Realty Investment Corp. | 680 | 2,002,071 | |
Japan Real Estate Investment Corp. | 511 | 5,606,721 | |
Japan Retail Fund Investment Corp. | 1,753 | 3,426,946 | |
Japan Steel Works Ltd. | 257,000 | 1,502,794 | |
Japan Tobacco, Inc. | 781,000 | 24,645,862 | |
JFE Holdings, Inc. | 429,075 | 9,198,101 | |
JGC Corp. | 181,117 | 4,998,352 | |
Joyo Bank Ltd. | 553,941 | 2,767,016 | |
JSR Corp. | 155,016 | 3,160,861 | |
JTEKT Corp. | 185,500 | 1,849,196 | |
Jupiter Telecommunications Co. | 1,845 | 2,448,322 | |
JX Holdings, Inc. | 1,948,668 | 11,899,299 | |
Kajima Corp. | 759,317 | 2,244,609 | |
Kamigumi Co. Ltd. | 210,663 | 1,825,034 | |
Kaneka Corp. | 245,559 | 1,359,065 | |
Kansai Electric Power Co., Inc. | 643,136 | 5,550,855 | |
Kansai Paint Co. Ltd. | 187,000 | 1,981,163 | |
Kao Corp. | 456,650 | 14,602,552 | |
Kawasaki Heavy Industries Ltd. | 1,202,945 | 3,828,555 | |
KDDI Corp. | 233,500 | 17,533,282 | |
Keihin Electric Express Railway Co. Ltd. | 391,061 | 3,455,378 | |
Keio Corp. | 489,410 | 3,912,534 | |
Keisei Electric Railway Co. | 236,000 | 2,253,317 | |
Keyence Corp. | 39,562 | 11,144,285 | |
Kikkoman Corp. | 145,849 | 2,267,433 | |
Kinden Corp. | 102,000 | 676,772 | |
Kintetsu Corp. (d) | 1,380,100 | 5,806,872 | |
Kirin Holdings Co. Ltd. | 758,256 | 11,002,851 | |
Kobe Steel Ltd. (a) | 2,116,000 | 2,853,598 | |
Koito Manufacturing Co. Ltd. | 79,000 | 1,287,830 | |
Komatsu Ltd. | 810,245 | 20,437,509 | |
Konami Corp. | 89,000 | 1,729,302 | |
Konica Minolta Holdings, Inc. | 421,500 | 3,219,571 | |
Kubota Corp. | 952,864 | 11,503,450 | |
Kuraray Co. Ltd. | 305,186 | 4,148,607 | |
Kurita Water Industries Ltd. | 98,200 | 1,962,093 | |
Kyocera Corp. | 133,002 | 11,565,391 | |
Kyowa Hakko Kirin Co., Ltd. | 221,689 | 2,322,365 | |
Lawson, Inc. | 53,016 | 3,940,881 | |
LIXIL Group Corp. | 227,959 | 4,672,803 | |
Mabuchi Motor Co. Ltd. | 20,821 | 1,024,315 | |
Makita Corp. | 98,200 | 4,449,671 | |
Marubeni Corp. | 1,433,244 | 10,468,294 | |
Marui Group Co. Ltd. | 181,449 | 1,548,453 | |
Maruichi Steel Tube Ltd. | 41,700 | 1,019,893 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Mazda Motor Corp. (a) | 2,309,000 | $ 6,950,167 | |
McDonald's Holdings Co. (Japan) Ltd. | 53,800 | 1,347,757 | |
Medipal Holdings Corp. | 126,100 | 1,629,818 | |
Meiji Holdings Co. Ltd. | 54,129 | 2,330,076 | |
Miraca Holdings, Inc. | 47,400 | 2,288,435 | |
Mitsubishi Chemical Holdings Corp. | 1,155,775 | 5,424,125 | |
Mitsubishi Corp. | 1,220,202 | 24,209,207 | |
Mitsubishi Electric Corp. | 1,678,106 | 13,668,896 | |
Mitsubishi Estate Co. Ltd. | 1,084,723 | 27,033,230 | |
Mitsubishi Gas Chemical Co., Inc. | 327,867 | 2,320,431 | |
Mitsubishi Heavy Industries Ltd. | 2,633,256 | 14,602,369 | |
Mitsubishi Logistics Corp. | 113,000 | 1,837,210 | |
Mitsubishi Materials Corp. | 935,937 | 2,847,494 | |
Mitsubishi Motors Corp. of Japan (a) | 3,585,000 | 3,945,086 | |
Mitsubishi Tanabe Pharma Corp. | 187,300 | 2,657,239 | |
Mitsubishi UFJ Financial Group, Inc. | 11,056,230 | 61,278,361 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 50,660 | 2,341,980 | |
Mitsui & Co. Ltd. | 1,510,123 | 22,385,467 | |
Mitsui Chemicals, Inc. | 745,683 | 1,769,881 | |
Mitsui Fudosan Co. Ltd. | 725,677 | 18,460,959 | |
Mitsui OSK Lines Ltd. | 938,285 | 3,289,919 | |
Mizuho Financial Group, Inc. | 19,828,000 | 43,610,133 | |
MS&AD Insurance Group Holdings, Inc. | 467,884 | 9,681,751 | |
Murata Manufacturing Co. Ltd. | 176,354 | 11,358,651 | |
Nabtesco Corp. | 92,600 | 1,707,341 | |
Namco Bandai Holdings, Inc. | 158,950 | 2,527,698 | |
NEC Corp. (a) | 2,282,951 | 5,640,261 | |
Nexon Co. Ltd. | 106,900 | 969,931 | |
NGK Insulators Ltd. | 232,309 | 2,506,300 | |
NGK Spark Plug Co. Ltd. | 150,000 | 2,278,563 | |
NHK Spring Co. Ltd. | 132,700 | 1,155,345 | |
Nidec Corp. (d) | 94,042 | 5,532,786 | |
Nikon Corp. | 291,638 | 6,544,471 | |
Nintendo Co. Ltd. | 92,796 | 8,976,889 | |
Nippon Building Fund, Inc. | 599 | 6,701,510 | |
Nippon Electric Glass Co. Ltd. | 328,000 | 1,613,637 | |
Nippon Express Co. Ltd. | 748,546 | 3,286,851 | |
Nippon Meat Packers, Inc. | 154,740 | 2,417,343 | |
Nippon Paper Group, Inc. (d) | 83,100 | 1,447,010 | |
Nippon Steel Corp. | 6,594,636 | 17,857,952 | |
Nippon Telegraph & Telephone Corp. | 379,100 | 17,322,100 | |
Nippon Yusen KK | 1,352,578 | 3,400,050 | |
Nishi-Nippon City Bank Ltd. | 560,000 | 1,468,120 | |
Nissan Motor Co. Ltd. | 2,157,548 | 21,858,800 | |
Nisshin Seifun Group, Inc. | 167,090 | 2,192,053 | |
Nissin Food Holdings Co. Ltd. | 49,723 | 1,976,796 | |
Nitori Holdings Co. Ltd. | 32,000 | 2,385,586 | |
Nitto Denko Corp. | 143,594 | 8,443,060 | |
NKSJ Holdings, Inc. | 326,903 | 6,923,191 | |
NOK Corp. | 83,500 | 1,151,289 | |
Nomura Holdings, Inc. | 3,152,747 | 18,087,026 | |
Nomura Real Estate Holdings, Inc. | 85,200 | 1,530,456 | |
| |||
Shares | Value | ||
Nomura Real Estate Office Fund, Inc. | 233 | $ 1,430,327 | |
Nomura Research Institute Ltd. | 84,600 | 1,916,712 | |
NSK Ltd. | 371,576 | 2,898,365 | |
NTT Data Corp. | 1,063 | 3,375,131 | |
NTT DoCoMo, Inc. | 13,262 | 20,502,880 | |
NTT Urban Development Co. | 953 | 970,581 | |
Obayashi Corp. | 547,704 | 2,818,587 | |
Odakyu Electric Railway Co. Ltd. | 546,000 | 5,761,010 | |
Oji Holdings Corp. | 699,352 | 2,663,408 | |
Olympus Corp. (a) | 197,229 | 4,325,888 | |
Omron Corp. | 174,060 | 4,215,824 | |
Ono Pharmaceutical Co. Ltd. | 70,300 | 3,731,535 | |
Oracle Corp. Japan | 31,300 | 1,316,970 | |
Oriental Ld Co. Ltd. | 43,556 | 6,433,074 | |
ORIX Corp. | 91,888 | 10,230,706 | |
Osaka Gas Co. Ltd. | 1,604,525 | 6,231,837 | |
Osaka Securities Exchange Co. Ltd. | 44,300 | 3,374,237 | |
Otsuka Corp. | 13,500 | 1,370,536 | |
Otsuka Holdings Co. Ltd. | 316,700 | 10,140,960 | |
Panasonic Corp. | 1,914,273 | 13,772,169 | |
Park24 Co. Ltd. | 82,700 | 1,511,423 | |
Rakuten, Inc. | 620,100 | 5,358,724 | |
Resona Holdings, Inc. | 1,651,700 | 7,573,336 | |
Ricoh Co. Ltd. | 565,770 | 6,067,271 | |
Rinnai Corp. | 27,200 | 1,951,451 | |
ROHM Co. Ltd. | 81,244 | 2,879,345 | |
Sankyo Co. Ltd. (Gunma) | 43,000 | 1,811,576 | |
Sanrio Co. Ltd. (d) | 38,700 | 1,530,214 | |
Santen Pharmaceutical Co. Ltd. | 62,400 | 2,793,829 | |
SBI Holdings, Inc. Japan | 201,060 | 1,596,506 | |
Secom Co. Ltd. | 182,067 | 9,349,864 | |
Sega Sammy Holdings, Inc. | 176,300 | 3,254,389 | |
Sekisui Chemical Co. Ltd. | 372,293 | 3,610,868 | |
Sekisui House Ltd. | 463,467 | 5,365,197 | |
Seven & i Holdings Co., Ltd. | 653,600 | 19,081,255 | |
Seven Bank Ltd. | 487,400 | 1,283,047 | |
Sharp Corp. (d) | 844,675 | 2,679,193 | |
Shikoku Electric Power Co., Inc. | 149,100 | 1,825,747 | |
Shimadzu Corp. | 210,000 | 1,327,651 | |
Shimamura Co. Ltd. | 18,300 | 1,869,684 | |
SHIMANO, Inc. | 63,000 | 4,519,905 | |
SHIMIZU Corp. | 534,416 | 1,718,157 | |
Shin-Etsu Chemical Co., Ltd. | 356,462 | 21,920,739 | |
Shinsei Bank Ltd. | 1,281,000 | 2,819,333 | |
Shionogi & Co. Ltd. | 263,391 | 5,367,845 | |
Shiseido Co. Ltd. | 306,750 | 4,067,275 | |
Shizuoka Bank Ltd. | 505,274 | 5,020,578 | |
Showa Denko KK | 1,226,336 | 1,905,193 | |
Showa Shell Sekiyu KK | 170,600 | 1,235,005 | |
SMC Corp. | 46,171 | 8,009,814 | |
So-net M3, Inc. | 534 | 919,478 | |
Softbank Corp. | 822,030 | 30,463,620 | |
Sojitz Corp. | 1,018,500 | 1,560,330 | |
Sony Corp. (d) | 872,285 | 12,722,762 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Sony Financial Holdings, Inc. | 148,200 | $ 2,340,757 | |
Stanley Electric Co. Ltd. | 124,125 | 2,161,374 | |
Sumco Corp. | 92,200 | 922,099 | |
Sumitomo Chemical Co. Ltd. | 1,267,334 | 3,746,353 | |
Sumitomo Corp. | 977,542 | 11,959,571 | |
Sumitomo Electric Industries Ltd. | 658,106 | 7,668,081 | |
Sumitomo Heavy Industries Ltd. | 460,822 | 2,033,404 | |
Sumitomo Metal Mining Co. Ltd. | 447,065 | 7,046,736 | |
Sumitomo Mitsui Financial Group, Inc. | 1,165,400 | 46,510,051 | |
Sumitomo Mitsui Trust Holdings, Inc. | 2,679,722 | 10,407,810 | |
Sumitomo Realty & Development Co. Ltd. | 309,000 | 10,451,127 | |
Sumitomo Rubber Industries Ltd. | 144,000 | 2,243,349 | |
Suzuken Co. Ltd. | 59,760 | 2,079,253 | |
Suzuki Motor Corp. | 311,900 | 7,460,161 | |
Sysmex Corp. | 63,500 | 3,329,485 | |
T&D Holdings, Inc. | 508,800 | 6,038,192 | |
Taiheiyo Cement Corp. | 995,000 | 2,458,248 | |
Taisei Corp. | 861,594 | 2,546,949 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 31,557 | 2,175,523 | |
Taiyo Nippon Sanso Corp. | 203,000 | 1,425,752 | |
Takashimaya Co. Ltd. | 239,000 | 1,871,982 | |
Takeda Pharmaceutical Co. Ltd. | 685,142 | 35,443,476 | |
TDK Corp. | 104,525 | 3,608,588 | |
Teijin Ltd. | 773,341 | 1,793,811 | |
Terumo Corp. | 140,812 | 6,183,028 | |
The Chugoku Bank Ltd. | 149,000 | 2,184,605 | |
The Hachijuni Bank Ltd. | 362,000 | 1,937,124 | |
The Suruga Bank Ltd. | 176,000 | 2,586,169 | |
THK Co. Ltd. | 100,800 | 1,882,455 | |
Tobu Railway Co. Ltd. | 874,297 | 4,801,135 | |
Toho Co. Ltd. | 107,554 | 2,067,766 | |
Toho Gas Co. Ltd. | 344,000 | 1,900,183 | |
Tohoku Electric Power Co., Inc. (a) | 380,090 | 2,940,172 | |
Tokio Marine Holdings, Inc. | 604,500 | 17,073,912 | |
Tokyo Electric Power Co. (a) | 1,266,918 | 2,870,350 | |
Tokyo Electron Ltd. | 150,618 | 6,987,349 | |
Tokyo Gas Co. Ltd. | 2,150,395 | 10,393,537 | |
Tokyu Corp. | 966,954 | 5,789,831 | |
Tokyu Land Corp. | 357,000 | 2,696,084 | |
TonenGeneral Sekiyu KK | 234,856 | 2,331,077 | |
Toppan Printing Co. Ltd. | 474,013 | 3,191,111 | |
Toray Industries, Inc. | 1,276,883 | 7,866,007 | |
Toshiba Corp. | 3,491,880 | 16,086,231 | |
Toto Ltd. | 243,185 | 2,198,609 | |
Toyo Seikan Kaisha Ltd. | 136,000 | 1,976,394 | |
Toyo Suisan Kaisha Ltd. | 80,000 | 2,343,295 | |
Toyoda Gosei Co. Ltd. | 56,700 | 1,309,685 | |
Toyota Boshoku Corp. | 55,400 | 755,482 | |
Toyota Industries Corp. | 147,686 | 5,273,931 | |
Toyota Motor Corp. | 2,392,651 | 122,885,559 | |
Toyota Tsusho Corp. | 185,200 | 4,719,413 | |
Trend Micro, Inc. | 92,700 | 2,620,283 | |
| |||
Shares | Value | ||
Tsumura & Co. | 52,700 | $ 1,844,983 | |
Ube Industries Ltd. | 843,605 | 1,783,866 | |
Unicharm Corp. | 98,280 | 5,693,857 | |
Ushio, Inc. | 85,500 | 939,033 | |
USS Co. Ltd. | 19,780 | 2,174,541 | |
West Japan Railway Co. | 146,800 | 6,485,554 | |
Yahoo! Japan Corp. | 12,454 | 5,273,703 | |
Yakult Honsha Co. Ltd. (d) | 84,466 | 3,139,339 | |
Yamada Denki Co. Ltd. (d) | 75,825 | 2,756,826 | |
Yamaguchi Financial Group, Inc. | 184,000 | 1,719,107 | |
Yamaha Corp. | 144,743 | 1,438,217 | |
Yamaha Motor Co. Ltd. | 237,900 | 2,843,815 | |
Yamato Holdings Co. Ltd. | 322,832 | 5,402,011 | |
Yamato Kogyo Co. Ltd. | 39,700 | 1,136,305 | |
Yamazaki Baking Co. Ltd. | 95,000 | 1,200,183 | |
Yaskawa Electric Corp. | 174,000 | 1,569,360 | |
Yokogawa Electric Corp. | 190,200 | 1,910,413 | |
TOTAL JAPAN | 2,012,306,971 | ||
Luxembourg - 0.4% | |||
ArcelorMittal SA (Netherlands) | 866,483 | 12,972,706 | |
Millicom International Cellular SA (depository receipt) | 54,428 | 4,270,991 | |
SES SA FDR (France) unit | 265,156 | 8,162,793 | |
Subsea 7 SA | 244,665 | 5,783,448 | |
Tenaris SA | 410,374 | 8,443,637 | |
TOTAL LUXEMBOURG | 39,633,575 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a) | 5,796,476 | 76 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 6,459,680 | 3,390,497 | |
Netherlands - 2.7% | |||
AEGON NV | 1,535,121 | 9,138,043 | |
Akzo Nobel NV | 206,175 | 13,170,575 | |
ASML Holding NV (Netherlands) | 273,067 | 19,381,276 | |
Corio NV | 54,555 | 2,516,710 | |
D.E. Master Blenders 1753 NV (a) | 499,397 | 6,018,499 | |
Delta Lloyd NV | 151,351 | 2,679,406 | |
European Aeronautic Defence and Space Co. (EADS) NV | 394,396 | 20,173,927 | |
Fugro NV (Certificaten Van Aandelen) | 58,718 | 2,797,681 | |
Gemalto NV | 69,209 | 6,301,414 | |
Heineken Holding NV (A Shares) | 93,458 | 5,856,676 | |
Heineken NV (Bearer) | 198,947 | 14,854,259 | |
ING Groep NV (Certificaten Van Aandelen) (a) | 3,312,123 | 26,516,269 | |
Koninklijke Ahold NV | 879,087 | 12,624,612 | |
Koninklijke Boskalis Westminster NV | 62,454 | 2,676,038 | |
Koninklijke KPN NV (d) | 884,593 | 3,018,857 | |
Koninklijke Philips Electronics NV | 847,093 | 23,931,565 | |
QIAGEN NV (a) | 201,076 | 4,273,740 | |
Randstad Holding NV | 101,052 | 4,296,250 | |
Common Stocks - continued | |||
Shares | Value | ||
Netherlands - continued | |||
Reed Elsevier NV | 586,731 | $ 8,916,317 | |
Royal DSM NV | 134,271 | 7,860,340 | |
STMicroelectronics NV | 548,997 | 4,371,542 | |
TNT Express NV | 270,471 | 2,048,058 | |
Unilever NV (Certificaten Van Aandelen) (Bearer) | 1,406,935 | 54,562,905 | |
Vopak NV | 60,401 | 4,345,783 | |
Wolters Kluwer NV (Certificaten Van Aandelen) | 250,592 | 4,992,467 | |
Ziggo NV | 101,123 | 3,419,347 | |
TOTAL NETHERLANDS | 270,742,556 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 745,860 | 1,744,985 | |
Contact Energy Ltd. | 295,135 | 1,315,096 | |
Fletcher Building Ltd. | 582,032 | 4,402,668 | |
Sky City Entertainment Group Ltd. | 556,571 | 1,955,498 | |
Telecom Corp. of New Zealand Ltd. | 1,640,384 | 3,281,775 | |
TOTAL NEW ZEALAND | 12,700,022 | ||
Norway - 0.7% | |||
Aker Solutions ASA | 141,961 | 2,796,835 | |
DnB NOR ASA | 841,986 | 12,540,248 | |
Gjensidige Forsikring ASA | 168,366 | 2,690,888 | |
Norsk Hydro ASA | 813,467 | 3,599,223 | |
Orkla ASA (A Shares) | 651,421 | 5,332,150 | |
StatoilHydro ASA | 963,836 | 23,926,932 | |
Telenor ASA | 607,154 | 13,072,314 | |
Yara International ASA | 162,047 | 7,745,692 | |
TOTAL NORWAY | 71,704,282 | ||
Portugal - 0.2% | |||
Banco Espirito Santo SA (Reg.) (a)(d) | 1,742,100 | 2,094,721 | |
Energias de Portugal SA | 1,682,156 | 5,046,727 | |
Galp Energia SGPS SA Class B | 236,440 | 3,648,648 | |
Jeronimo Martins SGPS SA | 186,403 | 3,714,867 | |
Portugal Telecom SGPS SA (Reg.) (d) | 519,863 | 2,626,084 | |
TOTAL PORTUGAL | 17,131,047 | ||
Singapore - 1.6% | |||
Ascendas Real Estate Investment Trust | 1,606,183 | 3,333,245 | |
CapitaCommercial Trust (REIT) | 1,675,000 | 2,245,236 | |
CapitaLand Ltd. | 2,240,437 | 7,073,731 | |
CapitaMall Trust | 2,049,200 | 3,557,639 | |
CapitaMalls Asia Ltd. | 1,166,000 | 1,958,398 | |
City Developments Ltd. | 429,000 | 3,869,453 | |
ComfortDelgro Corp. Ltd. | 1,642,784 | 2,546,952 | |
DBS Group Holdings Ltd. | 1,585,020 | 19,339,189 | |
Global Logistic Properties Ltd. | 1,872,000 | 3,839,535 | |
Hutchison Port Holdings Trust | 4,574,000 | 3,704,940 | |
Jardine Cycle & Carriage Ltd. | 93,267 | 3,886,125 | |
Keppel Corp. Ltd. | 1,252,400 | 11,771,589 | |
Keppel Ld Ltd. | 672,000 | 2,257,364 | |
| |||
Shares | Value | ||
Olam International Ltd. | 1,348,700 | $ 1,813,296 | |
Oversea-Chinese Banking Corp. Ltd. | 2,234,793 | 18,226,267 | |
SembCorp Industries Ltd. | 838,130 | 3,580,190 | |
SembCorp Marine Ltd. | 749,800 | 2,718,509 | |
Singapore Airlines Ltd. | 451,425 | 3,969,653 | |
Singapore Exchange Ltd. | 732,000 | 4,492,248 | |
Singapore Press Holdings Ltd. | 1,419,021 | 4,789,654 | |
Singapore Technologies Engineering Ltd. | 1,314,161 | 4,510,000 | |
Singapore Telecommunications Ltd. | 6,915,827 | 19,210,631 | |
StarHub Ltd. | 520,000 | 1,759,367 | |
United Overseas Bank Ltd. | 1,101,829 | 16,975,854 | |
UOL Group Ltd. | 382,984 | 2,013,264 | |
Wilmar International Ltd. | 1,663,000 | 4,767,159 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,681,000 | 1,309,888 | |
TOTAL SINGAPORE | 159,519,376 | ||
Spain - 2.9% | |||
Abertis Infraestructuras SA | 324,996 | 5,711,058 | |
ACS Actividades de Construccion y Servicios SA (d) | 119,956 | 2,850,276 | |
Amadeus IT Holding SA Class A | 273,293 | 6,993,234 | |
Banco Bilbao Vizcaya Argentaria SA | 4,721,768 | 45,741,308 | |
Banco de Sabadell SA (d) | 2,448,849 | 5,329,557 | |
Banco Popular Espanol SA | 4,753,712 | 4,127,129 | |
Banco Santander SA (Spain) | 9,135,615 | 69,173,609 | |
Bankia SA (a)(d) | 828,423 | 351,503 | |
Cintra Concesiones de Infrastructuras de Transporte SA | 350,361 | 5,493,540 | |
Criteria CaixaCorp SA (d) | 969,371 | 3,976,397 | |
Distribuidora Internacional de Alimentacion SA | 544,427 | 4,252,577 | |
Enagas SA | 166,787 | 3,994,601 | |
Gas Natural SDG SA | 298,392 | 5,919,450 | |
Grifols SA (d) | 132,112 | 4,706,085 | |
Grupo Acciona SA (d) | 23,608 | 1,449,840 | |
Iberdrola SA | 4,087,541 | 20,225,294 | |
Inditex SA | 189,036 | 25,333,604 | |
International Consolidated Airlines Group SA CDI (a) | 780,265 | 2,831,413 | |
MAPFRE SA (Reg.) | 646,648 | 2,104,669 | |
Red Electrica Corporacion SA | 94,167 | 5,210,186 | |
Repsol YPF SA | 721,813 | 15,369,940 | |
Telefonica SA | 3,552,075 | 46,362,939 | |
Zardoya Otis SA | 128,897 | 1,819,123 | |
TOTAL SPAIN | 289,327,332 | ||
Sweden - 3.2% | |||
Alfa Laval AB | 293,092 | 6,820,414 | |
ASSA ABLOY AB (B Shares) | 288,586 | 11,445,451 | |
Atlas Copco AB: | |||
(A Shares) | 583,310 | 16,956,162 | |
(B Shares) | 336,490 | 8,709,594 | |
Boliden AB | 233,265 | 3,960,246 | |
Electrolux AB (B Shares) | 222,675 | 5,684,455 | |
Elekta AB (B Shares) (d) | 316,468 | 4,746,482 | |
Common Stocks - continued | |||
Shares | Value | ||
Sweden - continued | |||
Getinge AB (B Shares) | 170,552 | $ 5,134,440 | |
H&M Hennes & Mauritz AB (B Shares) | 822,731 | 29,525,909 | |
Hexagon AB (B Shares) | 205,579 | 5,861,516 | |
Husqvarna AB (B Shares) | 387,673 | 2,395,907 | |
Industrivarden AB Series C | 92,520 | 1,650,866 | |
Investment AB Kinnevik | 179,090 | 4,084,450 | |
Investor AB (B Shares) | 396,878 | 11,628,843 | |
Lundin Petroleum AB (a) | 193,267 | 4,389,851 | |
Nordea Bank AB | 2,280,340 | 26,391,355 | |
Ratos AB (B Shares) | 158,647 | 1,630,036 | |
Sandvik AB | 867,399 | 14,095,871 | |
Scania AB (B Shares) | 278,764 | 5,801,657 | |
Securitas AB (B Shares) | 279,842 | 2,606,995 | |
Skandinaviska Enskilda Banken AB (A Shares) | 1,219,801 | 12,702,724 | |
Skanska AB (B Shares) | 329,314 | 5,845,509 | |
SKF AB (B Shares) | 341,047 | 8,389,860 | |
Svenska Cellulosa AB (SCA) (B Shares) | 503,226 | 12,301,702 | |
Svenska Handelsbanken AB (A Shares) | 429,710 | 18,676,977 | |
Swedbank AB (A Shares) | 700,541 | 16,843,573 | |
Swedish Match Co. AB | 175,789 | 5,756,890 | |
Tele2 AB (B Shares) | 273,644 | 4,358,062 | |
Telefonaktiebolaget LM Ericsson (B Shares) | 2,639,359 | 32,085,615 | |
TeliaSonera AB | 1,877,434 | 12,883,156 | |
Volvo AB (B Shares) | 1,303,312 | 19,547,463 | |
TOTAL SWEDEN | 322,912,031 | ||
Switzerland - 8.9% | |||
ABB Ltd. (Reg.) | 1,903,134 | 43,297,362 | |
Actelion Ltd. | 93,538 | 4,826,094 | |
Adecco SA (Reg.) | 115,114 | 6,564,433 | |
Aryzta AG | 75,216 | 4,321,329 | |
Baloise Holdings AG | 42,496 | 3,812,988 | |
Banque Cantonale Vaudoise (Bearer) | 3,995 | 2,276,038 | |
Barry Callebaut AG | 1,518 | 1,481,884 | |
Compagnie Financiere Richemont SA Series A | 452,089 | 36,343,653 | |
Credit Suisse Group | 1,086,005 | 28,950,466 | |
Ems-Chemie Holding AG | 6,938 | 1,956,008 | |
Geberit AG (Reg.) | 34,994 | 8,460,088 | |
Givaudan SA | 7,262 | 8,677,521 | |
Holcim Ltd. (Reg.) | 196,983 | 15,919,623 | |
Julius Baer Group Ltd. | 190,677 | 7,225,912 | |
Kuehne & Nagel International AG | 47,248 | 5,434,049 | |
Lindt & Spruengli AG | 95 | 4,053,691 | |
Lindt & Spruengli AG (participation certificate) | 785 | 2,834,141 | |
Lonza Group AG | 43,952 | 2,745,535 | |
Nestle SA | 2,793,781 | 195,035,435 | |
Novartis AG | 1,991,817 | 134,882,143 | |
Pargesa Holding SA | 25,831 | 1,845,071 | |
Partners Group Holding AG | 14,886 | 3,439,995 | |
| |||
Shares | Value | ||
Roche Holding AG (participation certificate) | 608,346 | $ 139,349,073 | |
Schindler Holding AG: | |||
(participation certificate) | 43,262 | 6,701,848 | |
(Reg.) | 19,147 | 2,880,323 | |
SGS SA (Reg.) | 4,757 | 12,089,165 | |
Sika AG (Bearer) | 1,810 | 4,491,689 | |
Sonova Holding AG Class B | 43,220 | 5,173,673 | |
Sulzer AG (Reg.) | 20,818 | 3,644,760 | |
Swatch Group AG (Bearer) | 26,971 | 15,337,184 | |
Swatch Group AG (Bearer) (Reg.) | 35,898 | 3,648,015 | |
Swiss Life Holding AG | 26,389 | 4,330,127 | |
Swiss Prime Site AG | 44,891 | 3,604,020 | |
Swiss Re Ltd. | 304,246 | 24,328,644 | |
Swisscom AG | 19,903 | 9,054,347 | |
Syngenta AG (Switzerland) | 80,796 | 34,288,683 | |
Transocean Ltd. (Switzerland) | 310,999 | 16,364,526 | |
UBS AG | 3,156,508 | 49,873,806 | |
Zurich Insurance Group AG | 127,202 | 34,809,893 | |
TOTAL SWITZERLAND | 894,353,235 | ||
United Kingdom - 20.5% | |||
3I Group PLC | 811,493 | 3,944,366 | |
Aberdeen Asset Management PLC | 779,605 | 5,084,426 | |
Admiral Group PLC | 179,105 | 3,399,108 | |
Aggreko PLC | 236,251 | 6,078,542 | |
AMEC PLC | 269,286 | 4,264,952 | |
Anglo American PLC (United Kingdom) | 1,206,241 | 35,171,215 | |
Antofagasta PLC | 337,784 | 5,600,917 | |
ARM Holdings PLC | 1,196,630 | 17,324,184 | |
Associated British Foods PLC | 309,375 | 8,692,128 | |
AstraZeneca PLC (United Kingdom) | 1,092,046 | 49,519,003 | |
Aviva PLC | 2,551,590 | 13,733,093 | |
Babcock International Group PLC | 306,191 | 4,984,161 | |
BAE Systems PLC | 2,816,033 | 15,170,095 | |
Balfour Beatty PLC | 587,853 | 2,545,204 | |
Barclays PLC | 10,083,098 | 46,784,744 | |
BG Group PLC | 2,949,534 | 52,151,353 | |
BHP Billiton PLC | 1,831,875 | 57,806,397 | |
BP PLC | 16,530,609 | 110,846,445 | |
British American Tobacco PLC (United Kingdom) | 1,675,411 | 87,160,596 | |
British Land Co. PLC | 736,164 | 6,337,826 | |
British Sky Broadcasting Group PLC | 945,705 | 12,201,969 | |
BT Group PLC | 6,828,595 | 27,715,416 | |
Bunzl PLC | 291,648 | 5,579,226 | |
Burberry Group PLC | 386,477 | 8,067,556 | |
Capita Group PLC | 570,693 | 7,129,615 | |
Capital Shopping Centres Group PLC | 454,945 | 2,296,210 | |
Carnival PLC | 160,195 | 6,009,217 | |
Centrica PLC | 4,498,254 | 24,027,573 | |
Cobham PLC | 913,258 | 3,205,950 | |
Compass Group PLC | 1,588,108 | 19,285,960 | |
Croda International PLC | 118,257 | 4,650,094 | |
Common Stocks - continued | |||
Shares | Value | ||
United Kingdom - continued | |||
Diageo PLC | 2,170,933 | $ 65,097,964 | |
Eurasian Natural Resources Corp. PLC | 216,398 | 1,110,922 | |
Evraz PLC | 292,847 | 1,212,395 | |
Fresnillo PLC | 152,342 | 3,589,145 | |
G4S PLC (United Kingdom) | 1,213,882 | 5,342,249 | |
GKN PLC | 1,431,364 | 5,928,061 | |
GlaxoSmithKline PLC | 4,256,079 | 93,790,184 | |
Hammerson PLC | 611,193 | 4,584,128 | |
Hargreaves Lansdown PLC | 198,870 | 2,615,702 | |
HSBC Holdings PLC (United Kingdom) | 15,953,686 | 176,697,804 | |
ICAP PLC | 461,866 | 2,333,244 | |
IMI PLC | 282,536 | 5,242,038 | |
Imperial Tobacco Group PLC | 855,341 | 31,012,522 | |
Inmarsat PLC | 381,645 | 3,772,019 | |
InterContinental Hotel Group PLC | 229,649 | 6,658,867 | |
Intertek Group PLC | 139,021 | 7,042,011 | |
Invensys PLC | 696,977 | 3,786,367 | |
Investec PLC | 454,370 | 3,304,514 | |
ITV PLC | 3,175,193 | 5,982,623 | |
J Sainsbury PLC | 1,075,428 | 5,641,651 | |
Johnson Matthey PLC | 180,113 | 6,284,530 | |
Kazakhmys PLC | 178,937 | 1,680,315 | |
Kingfisher PLC | 2,073,402 | 8,712,909 | |
Land Securities Group PLC | 672,488 | 8,462,542 | |
Legal & General Group PLC | 5,102,901 | 12,393,911 | |
Lloyds Banking Group PLC (a) | 36,587,645 | 30,075,229 | |
London Stock Exchange Group PLC | 149,886 | 3,033,310 | |
Marks & Spencer Group PLC | 1,398,365 | 7,876,720 | |
Meggitt PLC | 666,268 | 4,594,923 | |
Melrose PLC | 1,054,574 | 4,138,790 | |
National Grid PLC | 3,174,996 | 35,078,258 | |
Next PLC | 140,853 | 8,972,467 | |
Old Mutual PLC | 4,222,968 | 12,973,069 | |
Pearson PLC | 707,551 | 12,379,704 | |
Prudential PLC | 2,215,214 | 32,879,879 | |
Reckitt Benckiser Group PLC | 560,757 | 37,677,344 | |
Reed Elsevier PLC | 1,043,632 | 11,225,185 | |
Rexam PLC | 688,032 | 5,370,243 | |
Rio Tinto PLC | 1,162,410 | 62,156,818 | |
Rolls-Royce Group PLC | 1,623,207 | 25,314,358 | |
Royal & Sun Alliance Insurance Group PLC | 3,055,837 | 5,595,480 | |
Royal Bank of Scotland Group PLC (a) | 1,842,748 | 9,026,800 | |
Royal Dutch Shell PLC: | |||
Class A (Netherlands) | 55,606 | 1,826,356 | |
Class A (United Kingdom) | 3,186,091 | 104,645,785 | |
Class B (United Kingdom) | 2,271,273 | 76,429,969 | |
SABMiller PLC | 829,631 | 41,244,051 | |
Sage Group PLC | 1,121,951 | 5,786,990 | |
| |||
Shares | Value | ||
Schroders PLC | 93,701 | $ 2,831,610 | |
Scottish & Southern Energy PLC | 827,116 | 18,144,066 | |
Segro PLC | 611,175 | 2,372,661 | |
Serco Group PLC | 429,654 | 3,718,557 | |
Severn Trent PLC | 208,569 | 5,122,671 | |
Smith & Nephew PLC | 779,082 | 8,345,470 | |
Smiths Group PLC | 336,438 | 6,436,059 | |
Standard Chartered PLC (United Kingdom) | 2,089,395 | 56,928,112 | |
Standard Life PLC | 2,034,954 | 10,882,123 | |
Tate & Lyle PLC | 397,529 | 4,899,955 | |
Tesco PLC | 6,966,890 | 39,063,470 | |
The Weir Group PLC | 185,225 | 6,586,537 | |
TUI Travel PLC | 416,653 | 2,005,601 | |
Tullow Oil PLC | 786,412 | 14,483,340 | |
Unilever PLC | 1,111,414 | 44,260,442 | |
United Utilities Group PLC | 594,882 | 6,651,173 | |
Vedanta Resources PLC | 98,791 | 1,762,482 | |
Vodafone Group PLC | 42,653,684 | 106,983,824 | |
Whitbread PLC | 151,980 | 5,817,061 | |
WM Morrison Supermarkets PLC | 2,009,502 | 7,913,945 | |
Xstrata PLC | 1,822,323 | 32,137,953 | |
TOTAL UNITED KINGDOM | 2,054,694,998 | ||
TOTAL COMMON STOCKS (Cost $9,789,242,801) |
| ||
Nonconvertible Preferred Stocks - 0.9% | |||
|
|
|
|
France - 0.3% | |||
Air Liquide SA (a) | 235,965 | 28,711,575 | |
Germany - 0.6% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 44,105 | 2,867,836 | |
Henkel AG & Co. KGaA | 155,124 | 13,672,269 | |
Porsche Automobil Holding SE (Germany) | 133,022 | 10,546,789 | |
ProSiebenSat.1 Media AG | 89,616 | 3,088,752 | |
RWE AG (non-vtg.) | 33,945 | 1,216,499 | |
Volkswagen AG | 125,638 | 27,433,464 | |
TOTAL GERMANY | 58,825,609 | ||
Italy - 0.0% | |||
Telecom Italia SpA (Risparmio Shares) | 5,345,527 | 3,456,804 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $66,038,680) |
|
Government Obligations - 0.2% | ||||
| Principal Amount | Value | ||
United States of America - 0.2% | ||||
U.S. Treasury Bills, yield at date of purchase 0.1% to 0.15% 4/25/13 to 9/19/13 (e) | $ 18,000,000 | $ 17,991,398 |
Money Market Funds - 4.1% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.16% (b) | 284,240,539 | 284,240,539 | |
Fidelity Securities Lending Cash Central Fund, 0.16% (b)(c) | 130,790,746 | 130,790,746 | |
TOTAL MONEY MARKET FUNDS (Cost $415,031,285) |
| ||
TOTAL INVESTMENT PORTFOLIO - 102.4% (Cost $10,288,304,372) | 10,269,166,820 | ||
NET OTHER ASSETS (LIABILITIES) - (2.4)% | (238,260,795) | ||
NET ASSETS - 100% | $ 10,030,906,025 |
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
70 CAC 40 Index Contracts (France) | March 2013 | $ 3,402,394 | $ 30,243 | ||
115 CME NIKKEI 225 Index Contracts (Japan) | March 2013 | 7,146,402 | 394,211 | ||
42 EUREX DAX Index Contracts | March 2013 | 10,624,598 | 64,053 | ||
1,218 EUREX Dow Jones EURO STOXX 50 Index Contracts (European Union) | March 2013 | 41,900,713 | (1,203,947) | ||
48 Hang Seng Index Contracts (Hong Kong) | March 2013 | 7,108,773 | (472) | ||
549 LIFFE FTSE 100 Index Contracts (United Kingdom) | March 2013 | 52,957,432 | 1,369,406 | ||
432 OMX Stockholm 30 Index Contracts (Sweden) | March 2013 | 7,993,877 | 116,484 | ||
176 SFE SPI 200 Index Contracts | March 2013 | 22,853,922 | 977,902 | ||
75 Singapore Exch Derivatives Ltd. | March 2013 | 4,471,899 | (40,060) | ||
| |||||
Expiration Date | Underlying Face Amount at Value | Unrealized | |||
200 TSE TOPIX Index Contracts | March 2013 | $ 20,951,558 | $ 397,481 | ||
155 TSE TOPIX Index Contracts | June 2013 | 16,103,678 | 94,692 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 195,515,246 | $ 2,199,993 |
|
The face value of futures purchased as a percentage of net assets is 1.9% |
Forward Foreign Currency Contracts | |||||
Settlement Dates | Value | Unrealized | |||
Contracts to Buy with Goldman Sachs | |||||
21,700,000 AUD | March 2013 | 22,134,170 | (621,067) | ||
42,900,000 EUR | March 2013 | 56,015,388 | (1,462,598) | ||
35,200,000 GBP | March 2013 | 53,394,498 | (3,212,078) | ||
4,060,000,000 JPY | March 2013 | 43,804,517 | (3,707,304) | ||
52,700,000 SEK | March 2013 | 8,145,207 | (32,286) | ||
| $ 183,493,780 | $ (9,035,333) |
|
(Payable Amount $192,529,113) |
|
The value of contracts to buy as a percentage of net assets - 1.8% |
Currency Abbreviations | ||
AUD | - | Australian dollar |
EUR | - | European Monetary Unit |
GBP | - | British pound |
JPY | - | Japanese yen |
SEK | - | Swedish krona |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At the period end, the value of securities pledged amounted to $17,501,664. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund | Income earned |
Fidelity Cash Central Fund | $ 200,453 |
Fidelity Securities Lending Cash Central Fund | 3,123,655 |
Total | $ 3,324,108 |
Other Information |
Categorizations in the Schedule of Investments are based on country or territory of incorporation. |
The following is a summary of the inputs used, as of February 28, 2013, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements. |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | $ 1,070,000,006 | $ 796,826,332 | $ 273,173,674 | $ - |
Consumer Staples | 1,168,468,766 | 657,108,149 | 511,360,617 | - |
Energy | 717,413,316 | 254,098,161 | 463,315,155 | - |
Financials | 2,485,832,322 | 1,740,942,419 | 744,889,816 | 87 |
Health Care | 982,928,863 | 475,637,279 | 507,291,584 | - |
Industrials | 1,237,916,173 | 1,087,959,992 | 149,956,181 | - |
Information Technology | 424,471,152 | 230,913,570 | 193,557,582 | - |
Materials | 928,927,199 | 633,180,099 | 295,747,100 | - |
Telecommunication Services | 464,355,031 | 217,942,836 | 246,412,195 | - |
Utilities | 355,831,309 | 316,857,858 | 38,973,451 | - |
Government Obligations | 17,991,398 | - | 17,991,398 | - |
Money Market Funds | 415,031,285 | 415,031,285 | - | - |
Total Investments in Securities: | $ 10,269,166,820 | $ 6,826,497,980 | $ 3,442,668,753 | $ 87 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 3,444,472 | $ 3,444,472 | $ - | $ - |
Liabilities | ||||
Forward Foreign Currency Contracts | $ (9,035,333) | $ - | $ (9,035,333) | $ - |
Futures Contracts | (1,244,479) | (1,244,479) | - | - |
Total Liabilities | $ (10,279,812) | $ (1,244,479) | $ (9,035,333) | $ - |
Total Derivative Instruments: | $ (6,835,340) | $ 2,199,993 | $ (9,035,333) | $ - |
The following is a summary of transfers between Level 1 and Level 2 for the period ended February 28, 2013. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed in the accompanying Notes to Financial Statements: |
Transfers | Total |
Level 1 to Level 2 | $ 306,488,007 |
Level 2 to Level 1 | $ 24,368,273 |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of February 28, 2013. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Primary Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (b) | $ 3,444,472 | $ (1,244,479) |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | - | (9,035,333) |
Total Value of Derivatives | $ 3,444,472 | $ (10,279,812) |
(a) Value is disclosed net on the Statement of Assets and Liabilities in the unrealized appreciation/depreciation on forward foreign currency contracts line-items. |
(b) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 28, 2013 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $123,106,373) - See accompanying schedule: Unaffiliated issuers (cost $9,873,273,087) | $ 9,854,135,535 |
|
Fidelity Central Funds (cost $415,031,285) | 415,031,285 |
|
Total Investments (cost $10,288,304,372) |
| $ 10,269,166,820 |
Foreign currency held at value (cost $8,299,148) | 8,274,245 | |
Receivable for investments sold | 2,139,628 | |
Receivable for fund shares sold | 40,670,694 | |
Dividends receivable | 30,788,018 | |
Distributions receivable from Fidelity Central Funds | 150,292 | |
Receivable for daily variation margin on futures contracts | 3,265,352 | |
Receivable from investment adviser for expense reductions | 284,086 | |
Other receivables | 2,418 | |
Total assets | 10,354,741,553 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 161,184,895 | |
Unrealized depreciation on foreign currency contracts | 9,035,333 | |
Payable for closed foreign currency contracts | 458,137 | |
Payable for fund shares redeemed | 21,063,654 | |
Accrued management fee | 499,479 | |
Other affiliated payables | 803,284 | |
Collateral on securities loaned, at value | 130,790,746 | |
Total liabilities | 323,835,528 | |
|
|
|
Net Assets | $ 10,030,906,025 | |
Net Assets consist of: |
| |
Paid in capital | $ 10,692,409,688 | |
Undistributed net investment income | 9,035,338 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (643,340,907) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | (27,198,094) | |
Net Assets | $ 10,030,906,025 |
Statement of Assets and Liabilities - continued
| February 28, 2013 | |
|
|
|
Investor Class: | $ 35.31 | |
|
|
|
Fidelity Advantage Class: | $ 35.31 | |
|
|
|
Institutional Class: | $ 35.31 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 35.31 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 28, 2013 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 312,936,755 |
Interest |
| 25,070 |
Income from Fidelity Central Funds (including $3,123,655 from security lending) |
| 3,324,108 |
Income before foreign taxes withheld |
| 316,285,933 |
Less foreign taxes withheld |
| (21,433,633) |
Total income |
| 294,852,300 |
|
|
|
Expenses | ||
Management fee | $ 5,276,000 | |
Transfer agent fees | 8,789,006 | |
Independent trustees' compensation | 57,027 | |
Miscellaneous | 22,592 | |
Total expenses before reductions | 14,144,625 | |
Expense reductions | (2,378,678) | 11,765,947 |
Net investment income (loss) | 283,086,353 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | (90,747,705) | |
Foreign currency transactions | (4,711,849) | |
Futures contracts | 16,416,860 | |
Total net realized gain (loss) |
| (79,042,694) |
Change in net unrealized appreciation (depreciation) on: Investment securities | 702,911,670 | |
Assets and liabilities in foreign currencies | (8,679,624) | |
Futures contracts | (4,222,110) | |
Total change in net unrealized appreciation (depreciation) |
| 690,009,936 |
Net gain (loss) | 610,967,242 | |
Net increase (decrease) in net assets resulting from operations | $ 894,053,595 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 283,086,353 | $ 307,056,865 |
Net realized gain (loss) | (79,042,694) | 116,950,073 |
Change in net unrealized appreciation (depreciation) | 690,009,936 | (1,208,752,485) |
Net increase (decrease) in net assets resulting from operations | 894,053,595 | (784,745,547) |
Distributions to shareholders from net investment income | (263,200,177) | (282,810,129) |
Distributions to shareholders from net realized gain | (10,605,696) | (5,246,083) |
Total distributions | (273,805,873) | (288,056,212) |
Share transactions - net increase (decrease) | 690,478,893 | (204,144,449) |
Redemption fees | 579,443 | 929,822 |
Total increase (decrease) in net assets | 1,311,306,058 | (1,276,016,386) |
|
|
|
Net Assets | ||
Beginning of period | 8,719,599,967 | 9,995,616,353 |
End of period (including undistributed net investment income of $9,035,338 and undistributed net investment income of $1,453,417, respectively) | $ 10,030,906,025 | $ 8,719,599,967 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.03 | 1.19 | .94 | .82 | 1.30 |
Net realized and unrealized gain (loss) | 2.23 | (4.28) | 5.45 | 10.93 | (22.75) |
Total from investment operations | 3.26 | (3.09) | 6.39 | 11.75 | (21.45) |
Distributions from net investment income | (.97) | (1.12) | (.81) | (.74) | (.94) |
Distributions from net realized gain | (.04) | (.02) | (.03) | (.12) | - |
Total distributions | (1.01) | (1.14) | (.84) | (.86) | (.94) |
Redemption fees added to paid in capital B | - G | - G | - G | - G | .01 |
Net asset value, end of period | $ 35.31 | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 |
Total Return A | 10.01% | (7.92)% | 20.34% | 56.36% | (50.03)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .20% | .20% | .20% | .20% | .20% |
Expenses net of fee waivers, if any | .20% | .11% | .10% | .10% | .10% |
Expenses net of all reductions | .20% | .11% | .10% | .10% | .10% |
Net investment income (loss) | 3.16% | 3.54% | 2.84% | 2.72% | 3.75% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,282,743 | $ 3,424,239 | $ 6,932,647 | $ 5,488,131 | $ 2,697,776 |
Portfolio turnover rate D | 1% | 9% | 1% | 2% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. |
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2013 | 2012 F | 2011 | 2010 | 2009 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.06 | 1.20 | .96 | .83 | 1.31 |
Net realized and unrealized gain (loss) | 2.22 | (4.28) | 5.44 | 10.93 | (22.75) |
Total from investment operations | 3.28 | (3.08) | 6.40 | 11.76 | (21.44) |
Distributions from net investment income | (1.00) | (1.12) | (.82) | (.75) | (.95) |
Distributions from net realized gain | (.04) | (.02) | (.03) | (.12) | - |
Total distributions | (1.04) | (1.14) | (.85) | (.87) | (.95) |
Redemption fees added to paid in capital B | - G | - G | - G | - G | .01 |
Net asset value, end of period | $ 35.31 | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 |
Total Return A | 10.07% | (7.87)% | 20.38% | 56.40% | (50.02)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .17% | .17% | .17% | .17% | .17% |
Expenses net of fee waivers, if any | .12% | .07% | .07% | .07% | .07% |
Expenses net of all reductions | .12% | .07% | .07% | .07% | .07% |
Net investment income (loss) | 3.24% | 3.57% | 2.87% | 2.75% | 3.78% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 5,322,884 | $ 3,476,600 | $ 3,062,970 | $ 2,178,395 | $ 1,155,867 |
Portfolio turnover rate D | 1% | 9% | 1% | 2% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. B Calculated based on average shares outstanding during the period. C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. D Amount does not include the portfolio activity of any underlying Fidelity Central Funds. E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. F For the year ended February 29. G Amount represents less than $.01 per share. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Years ended February 28, | 2013 | 2012 H, J |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 33.07 | $ 31.29 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.07 | .32 |
Net realized and unrealized gain (loss) | 2.22 | 2.48 G |
Total from investment operations | 3.29 | 2.80 |
Distributions from net investment income | (1.01) | (1.02) |
Distributions from net realized gain | (.04) | - |
Total distributions | (1.05) | (1.02) |
Redemption fees added to paid in capital D, K | - | - |
Net asset value, end of period | $ 35.31 | $ 33.07 |
Total Return B, C | 10.12% | 9.44% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .10% M | .10% A, M |
Expenses net of fee waivers, if any | .07% | .07% A |
Expenses net of all reductions | .07% | .07% A |
Net investment income (loss) | 3.29% | 2.19% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 1,269,545 | $ 860,659 |
Portfolio turnover rate F | 1% | 9% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund. H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. J For the year ended February 29. K Amount represents less than $.01 per share. L Amount not annualized. M Amount represents .095%. |
Financial Highlights - Fidelity Advantage Institutional Class
Years ended February 28, | 2013 | 2012 H, J |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 33.07 | $ 31.29 |
Income from Investment Operations |
|
|
Net investment income (loss) D | 1.08 | .32 |
Net realized and unrealized gain (loss) | 2.22 | 2.48 G |
Total from investment operations | 3.30 | 2.80 |
Distributions from net investment income | (1.02) | (1.02) |
Distributions from net realized gain | (.04) | - |
Total distributions | (1.06) | (1.02) |
Redemption fees added to paid in capital D, K | - | - |
Net asset value, end of period | $ 35.31 | $ 33.07 |
Total Return B, C | 10.13% | 9.45% |
Ratios to Average Net Assets E, I |
|
|
Expenses before reductions | .08% M | .08% A, M |
Expenses net of fee waivers, if any | .06% | .06% A |
Expenses net of all reductions | .06% | .06% A |
Net investment income (loss) | 3.30% | 2.17% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 1,155,733 | $ 958,101 |
Portfolio turnover rate F | 1% | 9% L |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds. F Amount does not include the portfolio activity of any underlying Fidelity Central Funds. G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund. H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012. I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class. J For the year ended February 29. K Amount represents less than $.01 per share. L Amount not annualized. M Amount represents .075%. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2013
1. Organization.
Spartan Extended Market Index Fund and Spartan International Index Fund (the Funds) are funds of Fidelity Concord Street Trust (the Trust). The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Each Fund is authorized to issue an unlimited number of shares. Spartan Extended Market Index Fund offers Investor Class, Fidelity Advantage Class and Fidelity Advantage Institutional Class shares. Spartan International Index Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares. Each class has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred and certain class-level expense reductions.
2. Investments in Fidelity Central Funds.
The Funds invest in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds, which are not covered by the Funds' Report of Independent Registered Public Accounting Firm, are available on the SEC website or upon request.
3. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Funds:
Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), each Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the FMR Fair Value Committee (the Committee), in accordance with procedures adopted by each Fund's Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees each Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations.
Each Fund categorizes the inputs to valuation techniques used to value their investments into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value each Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2.
Annual Report
3. Significant Accounting Policies - continued
Investment Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. For U.S. government and government agency obligations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
The U.S. dollar value of foreign currency contracts is determined using currency exchange rates supplied by a pricing service and are categorized as Level 2 in the hierarchy. Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level, as of February 28, 2013, including information on transfers between Levels 1 and 2 is included at the end of each applicable Fund's Schedule of Investments.
Foreign Currency. The Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.
The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.
Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, closed foreign currency contracts, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency including foreign currency contracts, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.
Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and may include proceeds received from litigation. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Funds are informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Distributions received on securities that represent a return of capital or capital gain are recorded as a reduction of cost of investments and/or as a realized gain. The Funds estimate the components of distributions received that may be considered return of capital distributions or capital gain distributions. Interest income and distributions from the Fidelity Central Funds are accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain.
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 28, 2013, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Funds claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures contracts, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in kind, capital loss carryforwards, and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:
| Tax cost | Gross unrealized | Gross unrealized | Net unrealized |
Spartan Extended Market Index | $ 7,919,966,166 | $ 2,377,292,419 | $ (857,939,874) | $ 1,519,352,545 |
Spartan International Index | 10,346,418,869 | 1,936,134,722 | (2,013,386,771) | (77,252,049) |
The tax-based components of distributable earnings as of period end were as follows for each Fund:
| Undistributed | Undistributed | Capital loss | Net unrealized |
Spartan Extended Market Index | $ 17,833,773 | $ 42,251,715 | $ - | $ 1,527,074,591 |
Spartan International Index | - | - | (535,614,445) | (84,624,855) |
Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
| Fiscal year of |
|
|
|
| 2017 | 2018 | 2019 | Total with expiration |
|
|
|
|
|
Spartan International Index | (119,933,607) | (148,608,684) | (49,793,394) | (318,335,685) |
| No expiration |
|
|
|
| Short-term | Long-term | Total no expiration | Total capital loss |
|
|
|
|
|
Spartan International Index | (4,442,746) | (212,836,014) | (217,278,760) | (535,614,445) |
The tax character of distributions paid was as follows:
February 28, 2013 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 123,000,708 | $ 200,713,554 | $ 323,714,262 |
Spartan International Index | 273,805,873 | - | 273,805,873 |
February 29, 2012 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 83,031,372 | $ 114,363,034 | $ 197,394,406 |
Spartan International Index | 288,056,212 | - | 288,056,212 |
Annual Report
3. Significant Accounting Policies - continued
Short-Term Trading (Redemption) Fees. Shares held by investors in the Funds less than 90 days are subject to a redemption fee equal to .75% and 1.00% of the net asset value of shares redeemed from Spartan Extended Market Index and Spartan International Index, respectively. All redemption fees, which reduce the proceeds of the shareholder redemption, are retained by the Funds and accounted for as an addition to paid in capital.
New Accounting Pronouncement. The Financial Accounting Standards Board issued in December 2011, Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January 2013, Accounting Standards Update No. 2013-1 Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. These updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the impact of the update's adoption on the Funds' financial statement disclosures.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including futures contracts and forward foreign currency contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Funds used derivatives to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Funds may not achieve their objectives.
The Funds' use of derivatives increased or decreased their exposure to the following risks:
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Foreign Exchange Risk | Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates. |
The Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Funds will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts is mitigated by the protection provided by the exchange on which they trade.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Net Realized Gain (Loss) and Change in Net Unrealized Appreciation (Depreciation) on Derivatives. The table below, which reflects the impacts of derivatives on the financial performance of the Funds, summarizes the net realized gain (loss) and change in net unrealized appreciation (depreciation) for derivatives during the period as presented in the Statement of Operations.
Primary Risk Exposure / Derivative Type | Net Realized | Change in Net Unrealized |
Spartan Extended Market Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ 10,780,134 | $ 1,141,781 |
Totals (a) | $ 10,780,134 | $ 1,141,781 |
Spartan International Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ 16,416,860 | $ (4,222,110) |
Foreign Exchange Risk |
|
|
Forward Foreign Currency Contracts | (3,199,896) | (7,581,914) |
Totals (a) | $ 13,216,964 | $ (11,804,024) |
(a) A summary of the value of derivatives by primary risk exposure as of period end is included at the end of the Schedule of Investments and is representative of activity for the period.
Annual Report
Notes to Financial Statements - continued
4. Derivative Instruments - continued
Forward Foreign Currency Contracts. Forward foreign currency contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Spartan International Index Fund used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.
Forward foreign currency contracts are valued daily and fluctuations in exchange rates on open contracts are recorded as unrealized appreciation or (depreciation) and reflected in the Statement of Assets and Liabilities. When the contract is closed, the Fund realizes a gain or loss equal to the difference between the closing value and the value at the time it was opened. Purchases and sales of forward foreign currency contracts having the same settlement date and broker are offset, and any realized gain or (loss) is recognized on the date of offset. Any unrealized appreciation or (depreciation) on offsetting contracts that settle after period end are reflected as a receivable or payable for closed forward foreign currency contracts in the Statement of Assets and Liabilities. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward foreign currency contracts during the period is included in the Statement of Operations as part of net realized gain (loss) on foreign currency transactions and change in unrealized gain (loss) on assets and liabilities in foreign currencies, respectively.
Any open forward foreign currency contracts at period end are presented in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." The value reflects each contract's exposure to the underlying currency at period end. Forward foreign currency contracts that have been offset with different counterparties are reflected as both a contract to buy and a contract to sell.
Futures Contracts. A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a fixed price at a specified future date. The Funds used futures contracts to manage their exposure to the stock market and fluctuations in currency values.
Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments.
5. Purchases and Sales of Investments.
Purchases and sales of securities, other than short-term securities, are noted in the table below.
| Purchases ($) | Sales ($) |
Spartan Extended Market Index | 1,506,591,375 | 701,400,971 |
Spartan International Index | 809,307,027 | 127,904,054 |
Spartan International Index delivered securities in-kind through redemptions totaling $10,715,382. Realized gain (loss) of $4,397,603 on securities delivered in-kind through redemptions is included in the accompanying Statement of Operations as realized gain or loss on investment securities and is not taxable to the Fund.
6. Fees and Other Transactions with Affiliates.
Management Fee and Expense Contract. FMR and its affiliates provide the Funds with investment management related services for which the Funds pay a monthly management fee. The management fee is based on an annual rate of .06% for each Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
| Investor Class | Advantage Class | Institutional Class | Fidelity Advantage |
Spartan Extended Market Index Fund | .10% | .07% | n/a | .07% |
Spartan International Index Fund | .20% | .17% | .095% | .075% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on average net assets noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, each class pays all or a portion of the transfer agent fees at an annual rate based on average net assets as noted in the following table:
| Received by | Paid by |
Spartan Extended Market Index |
|
|
Investor Class | .075% | .04% |
Fidelity Advantage Class | .045% | .01% |
Fidelity Advantage Institutional Class | .015% | .01% |
|
|
|
Spartan International Index |
|
|
Investor Class | .21% | .14% |
Fidelity Advantage Class | .11% | .11% |
Institutional Class | .035% | .035% |
Fidelity Advantage Institutional Class | .015% | .015% |
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount |
Spartan Extended Market Index |
|
Investor Class | $ 763,759 |
Fidelity Advantage Class | 497,711 |
Fidelity Advantage Institutional Class | 13 |
| $ 1,261,483 |
|
|
Spartan International Index |
|
Investor Class | $ 4,106,510 |
Fidelity Advantage Class | 4,156,475 |
Institutional Class | 374,144 |
Fidelity Advantage Institutional Class | 151,877 |
| $ 8,789,006 |
7. Committed Line of Credit.
Certain Funds participate with other funds managed by FMR or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
Spartan Extended Market Index | $ 17,439 |
Spartan International Index | 22,592 |
During the period, there were no borrowings on this line of credit.
8. Security Lending.
Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. For equity securities, a lending agent is used and may loan securities to certain qualified borrowers, including Fidelity Capital Markets (FCM), a broker-dealer affiliated with the Funds. On the settlement date of the loan, each applicable Fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of the Funds and any additional required collateral is delivered to the Funds on the next business day. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. The value of loaned securities and cash collateral at period end are disclosed on each applicable Fund's Statement of Assets and Liabilities. Security lending income represents the income earned on investing cash collateral, less
Annual Report
Notes to Financial Statements - continued
8. Security Lending - continued
rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds. During the period, there were no securities loaned to FCM.
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2014. Some expenses, for example interest expense, including commitment fees, are excluded from these reimbursements. Total reimbursements are included in the following table:
| Expense | Reimbursement |
Spartan Extended Market Index |
|
|
Fidelity Advantage Institutional Class | .06% | $ 15 |
Spartan International Index |
|
|
Fidelity Advantage Class | .12% | 1,941,715 |
Institutional Class | .07% | 276,843 |
Fidelity Advantage Institutional Class | .06% | 160,105 |
In addition, FMR reimbursed a portion of Spartan Extended Market Index Fund's operating expenses during the period in the amount of $1,180.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.
| Management fee |
Spartan Extended Market Index | $ 589 |
Spartan International Index | 15 |
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
Spartan Extended Market Index |
|
|
From net investment income |
|
|
Investor Class | $ 34,726,754 | $ 44,200,763 |
Fidelity Advantage Class | 88,271,798 | 25,213,023 |
Fidelity Advantage Institutional Class | 2,156 | 1,161 |
Total | $ 123,000,708 | $ 69,414,947 |
From net realized gain |
|
|
Investor Class | $ 59,938,933 | $ 88,449,322 |
Fidelity Advantage Class | 140,771,137 | 39,529,035 |
Fidelity Advantage Institutional Class | 3,484 | 1,102 |
Total | $ 200,713,554 | $ 127,979,459 |
Spartan International Index |
|
|
From net investment income |
|
|
Investor Class | $ 87,597,672 | $ 148,424,687 |
Fidelity Advantage Class | 109,365,106 | 91,917,749 |
Institutional Class | 34,315,538 | 20,201,408 |
Fidelity Advantage Institutional Class | 31,921,861 | 22,266,285 |
Total | $ 263,200,177 | $ 282,810,129 |
From net realized gain |
|
|
Investor Class | $ 3,612,275 | $ 3,579,535 |
Fidelity Advantage Class | 4,386,091 | 1,666,548 |
Institutional Class | 1,352,974 | - |
Fidelity Advantage Institutional Class | 1,254,356 | - |
Total | $ 10,605,696 | $ 5,246,083 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
Annual Report
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | Year ended | Year ended | Year ended | Year ended |
Spartan Extended Market Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 13,321,094 | 40,837,111 | $ 530,659,536 | $ 1,555,171,539 |
Reinvestment of distributions | 2,332,565 | 3,525,601 | 90,866,565 | 129,930,899 |
Shares redeemed | (58,837,328) | (88,688,944) | (2,389,706,038) | (3,356,270,130) |
Net increase (decrease) | (43,183,669) | (44,326,232) | $ (1,768,179,937) | $ (1,671,167,692) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 89,341,752 | 68,841,430 | $ 3,625,244,734 | $ 2,626,867,824 |
Reinvestment of distributions | 5,670,305 | 1,645,712 | 220,926,287 | 59,386,217 |
Shares redeemed | (27,226,963) | (9,691,823) | (1,083,879,441) | (362,785,045) |
Net increase (decrease) | 67,785,094 | 60,795,319 | $ 2,762,291,580 | $ 2,323,468,996 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 2,138 | 2,884 | $ 88,301 | $ 100,000 |
Reinvestment of distributions | 145 | 66 | 5,640 | 2,263 |
Net increase (decrease) | 2,283 | 2,950 | $ 93,941 | $ 102,263 |
Spartan International Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 22,480,598 | 51,659,320 | $ 738,516,301 | $ 1,725,521,597 |
Reinvestment of distributions | 2,603,169 | 4,931,710 | 87,570,598 | 146,703,273 |
Shares redeemed | (63,993,981) | (138,930,396)B | (2,162,502,955) | (4,508,596,328)B |
Net increase (decrease) | (38,910,214) | (82,339,366) | $ (1,336,416,056) | $ (2,636,371,458) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 75,323,150 | 50,383,664 | $ 2,547,792,654 | $ 1,659,791,665 |
Reinvestment of distributions | 3,011,886 | 2,688,031 | 101,319,852 | 79,393,189 |
Shares redeemed | (32,726,415) | (30,064,805) | (1,057,404,449) | (976,577,403) |
Net increase (decrease) | 45,608,621 | 23,006,890 | $ 1,591,708,057 | $ 762,607,451 |
Institutional Class |
|
|
|
|
Shares sold | 16,830,227 | 26,471,830 | $ 541,022,171 | $ 810,287,820 |
Reinvestment of distributions | 1,060,233 | 700,632 | 35,666,241 | 20,199,209 |
Shares redeemed | (7,965,479)B | (1,147,214) | (261,596,672)B | (35,649,587) |
Net increase (decrease) | 9,924,981 | 26,025,248 | $ 315,091,740 | $ 794,837,442 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 8,644,925 | 29,053,528 | $ 280,664,871 | $ 879,203,212 |
Reinvestment of distributions | 986,213 | 772,330 | 33,176,217 | 22,266,285 |
Shares redeemed | (5,875,458) | (853,278) | (193,745,936) | (26,687,381) |
Net increase (decrease) | 3,755,680 | 28,972,580 | $ 120,095,152 | $ 874,782,116 |
A Share transactions Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions.
12. Other.
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund (funds of Fidelity Concord Street Trust) at February 28, 2013, the results of each of their operations for the periods indicated, the changes in each of their net assets for each of the periods indicated and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Fidelity Concord Street Trust's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at February 28, 2013 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 19, 2013
Annual Report
Trustees and Officers
The Trustees, Members of the Advisory Board, and executive officers of the trust and funds, as applicable, are listed below. The Board of Trustees governs each fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee each fund's activities, review contractual arrangements with companies that provide services to each fund, oversee management of the risks associated with such activities and contractual arrangements, and review each fund's performance. Except for James C. Curvey, each of the Trustees oversees 234 Fidelity funds. Mr. Curvey oversees 453 Fidelity funds.
The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person of the trust and funds (as defined in the 1940 Act) (Independent Trustee), shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. The executive officers and Advisory Board Members hold office without limit in time, except that any officer and Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.
Experience, Skills, Attributes, and Qualifications of the Funds' Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.
In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing each fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the funds, is provided below.
Board Structure and Oversight Function. James C. Curvey is an interested person (as defined in the 1940 Act) and currently serves as Chairman. The Trustees have determined that an interested Chairman is appropriate and benefits shareholders because an interested Chairman has a personal and professional stake in the quality and continuity of services provided to the funds. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chairman, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chairman and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. Ned C. Lautenbach serves as Chairman of the Independent Trustees and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.
Fidelity funds are overseen by different Boards of Trustees. The funds' Board oversees Fidelity's equity and high income funds and another Board oversees Fidelity's investment-grade bond, money market, and asset allocation funds. The asset allocation funds may invest in Fidelity funds overseen by the funds' Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity funds overseen by each Board.
The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, each fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the funds' activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the funds' business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the funds are carried out by or through FMR, its affiliates, and other service providers, the funds' exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the funds' activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."
Annual Report
Trustees and Officers - continued
The funds' Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (1935) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (1957) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Year of Birth; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (1948) | |
| Year of Election or Appointment: 2005 Prior to his retirement in May 2003, Mr. Dirks was Chief Operating Officer and a member of the Board of The Depository Trust & Clearing Corporation (DTCC). He also served as President, Chief Operating Officer, and Board member of The Depository Trust Company (DTC) and President and Board member of the National Securities Clearing Corporation (NSCC). In addition, Mr. Dirks served as Chief Executive Officer and Board member of the Government Securities Clearing Corporation, Chief Executive Officer and Board member of the Mortgage-Backed Securities Clearing Corporation, as a Trustee and a member of the Finance Committee of Manhattan College (2005-2008), and as a Trustee and a member of the Finance Committee of AHRC of Nassau County (2006-2008). Mr. Dirks is a member of the Independent Directors Council (IDC) Governing Council (2010-present) and Board of Directors for The Brookville Center for Children's Services, Inc. (2009-present). |
Alan J. Lacy (1953) | |
| Year of Election or Appointment: 2008 Mr. Lacy serves as Senior Adviser (2007-present) of Oak Hill Capital Partners, L.P. (private equity). Mr. Lacy also served as Chief Executive Officer (2000-2005) and Vice Chairman (2005-2006) of Sears Holdings Corporation and Sears, Roebuck and Co. (retail). In addition, Mr. Lacy serves as a member of the Board of Directors of Dave & Buster's Entertainment, Inc. (restaurant and entertainment complexes, 2010-present), Earth Fare, Inc. (retail grocery, 2012-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), and Bristol-Myers Squibb Company (global pharmaceuticals, 2008-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (1944) | |
| Year of Election or Appointment: 2000 Mr. Lautenbach is Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Lautenbach currently serves as the Lead Director of the Eaton Corporation Board of Directors (diversified industrial, 1997-present). Mr. Lautenbach is Chairman of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (2012-present) and a member of the Council on Foreign Relations (1994-present). Previously, Mr. Lautenbach was a Partner/Advisory Partner at Clayton, Dubilier & Rice, LLC (private equity investment, 1998-2010), as well as a Director of Sony Corporation (2006-2007). |
Joseph Mauriello (1944) | |
| Year of Election or Appointment: 2008 Prior to his retirement in January 2006, Mr. Mauriello served in numerous senior management positions including Deputy Chairman and Chief Operating Officer (2004-2005), and Vice Chairman of Financial Services (2002-2004) of KPMG LLP US (professional services, 1965-2005). Mr. Mauriello currently serves as a member of the Board of Directors of XL Group plc. (global insurance and re-insurance, 2006-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007) and of Arcadia Resources Inc. (health care services and products, 2007-2012). |
Robert W. Selander (1950) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (1944) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors (2009-present) and Chair of the Investment Committee (2010-present) of the Teagle Foundation. Ms. Small also serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson (2002-2008) and a member of the Investment Committee and Chairperson (2008-2012) and a member of the Board of Trustees of Smith College. In addition, Ms. Small served as Chief Investment Officer, Director of Global Equity Investments, and a member of the Board of Directors of Scudder, Stevens & Clark and Scudder Kemper Investments. |
William S. Stavropoulos (1939) | |
| Year of Election or Appointment: 2001 Mr. Stavropoulos is Vice Chairman of the Independent Trustees of the Equity and High Income Funds (2006-present). Mr. Stavropoulos serves as President and Founder of the Michigan Baseball Foundation, the Great Lakes Loons (2007-present). Mr. Stavropoulos is Chairman Emeritus of the Board of Directors of The Dow Chemical Company, where he previously served in numerous senior management positions, including President, CEO (1995-2000; 2002-2004), Chairman of the Executive Committee (2000-2006), and as a member of the Board of Directors (1990-2006). Currently, Mr. Stavropoulos is a Director of Univar Inc. (global distributor of commodity and specialty chemicals, Chairman from 2010-May 2012 and Lead Director from May 2012-present), Teradata Corporation (data warehousing and technology solutions, 2008-present), Maersk Inc. (industrial conglomerate), and Tyco International, Ltd. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital LLC (private equity investment, 2005-present). Mr. Stavropoulos is an operating advisor to Clayton, Dubilier & Rice, LLC (private equity investment). In addition, Mr. Stavropoulos is a member of the University of Notre Dame Advisory Council for the College of Science, a Trustee of the Rollin L. Gerstacker Foundation, and a Director of the Naples Philharmonic Center for the Arts. Previously, Mr. Stavropoulos served as a Director of Chemical Financial Corporation (bank holding company, 1993-2012). |
David M. Thomas (1949) | |
| Year of Election or Appointment: 2008 Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions), and a Director of Fortune Brands, Inc. (consumer products, 2000-2011). In addition, Mr. Thomas serves as Non-Executive Chairman of the Board of Directors of Fortune Brands Home and Security (home and security products, 2011-present), and as a member of the Board of Directors of Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (1950) | |
| Year of Election or Appointment: 2008 Mr. Wiley also serves as a Director of Asia Pacific Exploration Consolidated (international oil and gas exploration and production, 2008-present). Mr. Wiley serves as a Director of Tesoro Corporation (independent oil refiner and marketer, 2005-present), and a Director of Bill Barrett Corporation (exploration and production, 2005-present). In addition, Mr. Wiley also serves as a Director of Post Oak Bank (privately-held bank, 2004-present). Previously, Mr. Wiley served as a member of the Board of Trustees of the University of Tulsa (2000-2006; 2007-2010), as a Senior Energy Advisor of Katzenbach Partners, LLC (consulting, 2006-2007), as an Advisory Director of Riverstone Holdings (private investment), Chairman, President, and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004), and as Director of Spinnaker Exploration Company (exploration and production, 2001-2005). |
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Advisory Board Members and Executive Officers:
Correspondence intended for David A. Rosow and Garnett A. Smith may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for each executive officer and Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.
Name, Year of Birth; Principal Occupation | |
Peter S. Lynch (1944) | |
| Year of Election or Appointment: 2003 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Lynch is Vice Chairman and a Director of FMR and FMR Co., Inc. In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served on the Special Olympics International Board of Directors (1997-2006). |
David A. Rosow (1942) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Chairman and Chief Executive Officer of International Golf Group, Inc. (golf course development, 1989-present). Previously, Mr. Rosow served as Chairman and Chief Executive Officer of Rosow & Company, Inc. (private investment company, 1989-2011), a Lead Director of Hudson United Bancorp (2001-2006) and as a Director of TD Banknorth (1996-2006). In addition, Mr. Rosow is a member (2008-present) and President (2009-present) of the Town Council of Palm Beach, Florida. |
Garnett A. Smith (1947) | |
| Year of Election or Appointment: 2012 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Prior to Mr. Smith's retirement, he served as Chairman and Chief Executive Officer of Inbrand Corp. (manufacturer of personal absorbent products, 1990-1997). He also served as President (1986-1990) of Inbrand Corp. Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank. In addition, Mr. Smith is a board member of the Jackson Hole Land Trust (2009-present). |
Kenneth B. Robins (1969) | |
| Year of Election or Appointment: 2008 President and Treasurer of Fidelity's Equity and High Income Funds. Mr. Robins also serves as President and Treasurer (2010-present) and Assistant Treasurer (2009-present) of other Fidelity funds and is an employee of Fidelity Investments (2004-present). Previously, Mr. Robins served as Deputy Treasurer of the Fidelity funds (2005-2008) and Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2006-2008). |
Bruce T. Herring (1965) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer of Fidelity Global Asset Allocation (GAA) (2013-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present), Group Chief Investment Officer of FMR, and President of Fidelity Research & Analysis Company (2010-present). Previously, Mr. Herring served as Vice President (2005-2006) and Senior Vice President (2006-2007) of Fidelity Management & Research Company, Vice President of FMR Co., Inc. (2001-2007) and as a portfolio manager for Fidelity U.S. Equity Funds. |
Brian B. Hogan (1964) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (1968) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (1969) | |
| Year of Election or Appointment: 2009 Assistant Secretary of Fidelity's Equity and High Income Funds. Mr. Coffey also serves as Senior Vice President and Deputy General Counsel of FMR LLC (2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Vice President and Associate General Counsel of FMR LLC (2005-2009). |
Elizabeth Paige Baumann (1968) | |
| Year of Election or Appointment: 2012 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Baumann also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2012-present), Chief AML Officer of FMR LLC (2012-present), and is an employee of Fidelity Investments. Previously, Ms. Baumann served as Vice President and Deputy Anti-Money Laundering Officer (2007-2012). |
Christine Reynolds (1958) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (1968) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Compliance Officer of FMR, FMR Co., Inc., Fidelity Investments Money Management, Inc. (FIMM), Fidelity Research and Analysis Company (FRAC), Fidelity Management & Research (Japan) Inc., Fidelity Management & Research (U.K.) Inc., Fidelity Management & Research (Hong Kong), and Strategic Advisers, Inc. (2009-present), as Senior Vice President of the Fidelity Asset Management Division (2009-present), and is an employee of Fidelity Investments. |
Joseph F. Zambello (1957) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (1967) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephen Sadoski (1971) | |
| Year of Election or Appointment: 2012 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Sadoski also serves as Deputy Treasurer of other Fidelity funds (2013-present) and is an employee of Fidelity Investments (2012-present). Previously, Mr. Sadoski served as Assistant Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2012-2013), an assistant chief accountant in the Division of Investment Management of the Securities and Exchange Commission (SEC) (2009-2012) and as a senior manager at Deloitte & Touche (1997-2009). |
Stacie Smith (1974) | |
| Year of Election or Appointment: 2013 Deputy Treasurer of Fidelity's Equity and High Income Funds. Ms. Smith is an employee of Fidelity Investments (2009-present). Previously, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (1996-2009). |
Stephanie J. Dorsey (1969) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as President and Treasurer (2013-present) and Assistant Treasurer (2012-present) of other Fidelity funds and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Deputy Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013), Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (1958) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Mr. Hebble served as President and Treasurer of Fidelity's Fixed Income and Asset Allocation Funds (2008-2013). |
Gary W. Ryan (1958) | |
| Year of Election or Appointment: 2005 Assistant Treasurer of the Fidelity funds. Mr. Ryan is an employee of Fidelity Investments. Previously, Mr. Ryan served as Vice President of Fund Reporting in Fidelity Pricing and Cash Management Services (FPCMS) (1999-2005). |
Jonathan Davis (1968) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:
| Pay Date | Record Date | Dividends | Capital Gains |
Spartan Total Market Index Fund |
|
|
|
|
Investor Class | 4/15/13 | 4/12/13 | $0.12500 | $0.000 |
Fidelity Advantage Class | 4/15/13 | 4/12/13 | $0.13089 | $0.000 |
Spartan Extended Market Index Fund |
|
|
|
|
Investor Class | 4/15/13 | 4/12/13 | $0.06300 | $0.242 |
Fidelity Advantage Class | 4/15/13 | 4/12/13 | $0.06730 | $0.242 |
Spartan International Index Fund |
|
|
|
|
Investor Class | 4/15/13 | 4/12/13 | $0.00000 | $0.000 |
Fidelity Advantage Class | 4/15/13 | 4/12/13 | $0.00000 | $0.000 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended February 28, 2013, or, if subsequently determined to be different, the net capital gain of such year.
Spartan Extended Market Index Fund | $179,343,233 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:
| April 2012 | December 2012 |
Spartan Total Market Index Fund |
|
|
Investor Class | 100% | 97% |
Fidelity Advantage Class | 99% | 96% |
Spartan Extended Market Index Fund |
|
|
Investor Class | 38% | 69% |
Fidelity Advantage Class | 36% | 68% |
A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.
| April 2012 | December 2012 |
Spartan Total Market Index Fund |
|
|
Investor Class | 100% | 100% |
Fidelity Advantage Class | 100% | 99% |
Spartan Extended Market Index Fund |
|
|
Investor Class | 45% | 75% |
Fidelity Advantage Class | 42% | 74% |
Spartan International Index Fund |
|
|
Investor Class | - | 90% |
Fidelity Advantage Class | - | 86% |
The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:
| Pay Date | Income | Taxes |
Spartan International Index Fund |
|
|
|
Investor Class | 12/17/12 | $1.082 | $0.0715 |
Fidelity Advantage Class | 12/17/12 | $1.109 | $0.0715 |
The funds will notify shareholders in January 2014 of amounts for use in preparing 2013 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Smithfield, RI
Transfer and Service Agents
Fidelity Investments Institutional Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
The Fidelity Telephone Connection
Mutual Fund 24-Hour Service
Exchanges/Redemptions
and Account Assistance 1-800-544-6666
Product Information 1-800-544-6666
Retirement Accounts 1-800-544-4774
(8 a.m. - 9 p.m.)
TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)
Fidelity Automated Service
Telephone (FAST®)
1-800-544-5555
Automated line for quickest service
SIF-UANNPRO-0413
1.790918.109
Item 2. Code of Ethics
As of the end of the period, February 28, 2013, Fidelity Concord Street Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3. Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Joseph Mauriello is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Mauriello is independent for purposes of Item 3 of Form N-CSR.
Item 4. Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by PricewaterhouseCoopers LLP ("PwC") in each of the last two fiscal years for services rendered to Spartan Extended Market Index Fund, Spartan International Index Fund, Spartan Total Market Index Fund and Spartan 500 Index Fund (the "Funds"):
Services Billed by PwC
February 28, 2013 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Spartan Extended Market Index Fund | $78,000 | $- | $4,400 | $4,200 |
Spartan International Index Fund | $89,000 | $- | $51,400 | $5,000 |
Spartan Total Market Index Fund | $96,000 | $- | $6,400 | $6,900 |
Spartan 500 Index Fund | $130,000 | $- | $4,400 | $18,300 |
February 29, 2012 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Spartan Extended Market Index Fund | $77,000 | $- | $4,300 | $4,000 |
Spartan International Index Fund | $81,000 | $- | $36,000 | $5,200 |
Spartan Total Market Index Fund | $88,000 | $- | $6,400 | $6,300 |
Spartan 500 Index Fund | $111,000 | $- | $4,300 | $15,500 |
A Amounts may reflect rounding.
The following table presents fees billed by PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Funds and that are rendered on behalf of Fidelity Management & Research Company ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Funds ("Fund Service Providers"):
Services Billed by PwC
| February 28, 2013A | February 29, 2012A |
Audit-Related Fees | $4,755,000 | $3,795,000 |
Tax Fees | $- | $- |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
"Audit-Related Fees" represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
"Tax Fees" represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
"All Other Fees" represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by PwC for services rendered to the Funds, FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Funds are as follows:
Billed By | February 28, 2013 A | February 29, 2012 A |
PwC | $5,505,000 | $5,200,000 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC to Fund Service Providers to be compatible with maintaining the independence of PwC in its audit of the Funds, taking into account representations from PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Funds and their related entities and FMR's review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust's Audit Committee must pre-approve all audit and non-audit services provided by a fund's independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund ("Covered Service") are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair's absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee on a periodic basis.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X ("De Minimis Exception")
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Funds' last two fiscal years relating to services provided to (i) the Funds or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Funds.
Item 5. Audit Committee of Listed Registrants
Not applicable.
Item 6. Investments
(a) Not applicable.
(b) Not applicable
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9. Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trust's Board of Trustees.
Item 11. Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust's internal control over financial reporting.
Item 12. Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. |
(a) | (3) | Not applicable. |
(b) |
| Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Concord Street Trust
By: | /s/Kenneth B. Robins |
| Kenneth B. Robins |
| President and Treasurer |
|
|
Date: | April 25, 2013 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Kenneth B. Robins |
| Kenneth B. Robins |
| President and Treasurer |
|
|
Date: | April 25, 2013 |
By: | /s/Christine Reynolds |
| Christine Reynolds |
| Chief Financial Officer |
|
|
Date: | April 25, 2013 |