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)
82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
82 Devonshire St.
Boston, Massachusetts 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
Date of fiscal year end: | February 28 |
|
|
Date of reporting period: | February 28, 2011 |
Item 1. Reports to Stockholders
Spartan® Total Market Index
Spartan Extended Market Index
Spartan International Index
Funds -
Investor Class
Fidelity® Advantage Class
Annual Report
(2_fidelity_logos) (Registered_Trademark)
February 28, 2011
Contents
Chairman's Message | The Chairman's message to shareholders | |
| ||
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 |
| |
Prospectus | P-1 |
|
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.
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
Chairman's Message
(photo_of_James_C_Curvey)
Dear Shareholder:
Following a year in which the investment environment was volatile but generally supportive of most major asset classes, 2011 has begun on a positive note. U.S. equities gained ground in January and February, reaching their highest point since June 2008, amid indications the U.S. economy had turned a corner. Still, questions remained about the longer-term outlook, most notably persistently high unemployment. Financial markets are always unpredictable, of course, but there also are several time-tested investment principles that can help put the odds in your favor.
One of the basic tenets is to invest for the long term. Over time, riding out the markets' inevitable ups and downs has proven much more effective than selling into panic or chasing the hottest trend. Even missing only a few of the markets' best days can significantly diminish investor returns. Patience also affords the benefits of compounding - of earning interest on additional income or reinvested dividends and capital gains. There can be tax advantages and cost benefits to consider as well. While staying the course doesn't eliminate risk, it can considerably lessen the effect of short-term declines.
You can further manage your investing risk through diversification. And today, more than ever, geographic diversification should be taken into account. Studies indicate that asset allocation is the single most important determinant of a portfolio's long-term success. The right mix of stocks, bonds and cash - aligned to your particular risk tolerance and investment objective - is very important. Age-appropriate rebalancing is also an essential aspect of asset allocation. For younger investors, an emphasis on equities - which historically have been the best-performing asset class over time - is encouraged. As investors near their specific goal, such as retirement or sending a child to college, consideration may be given to replacing volatile assets (e.g. common stocks) with more-stable fixed investments (bonds or saving plans).
A third principle - investing regularly - can help lower the average cost of your purchases. Investing a certain amount of money each month or quarter helps ensure you won't pay for all your shares at market highs. This strategy - known as dollar cost averaging - also reduces "emotion" from investing, helping shareholders avoid selling weak performers just prior to an upswing, or chasing a hot performer just before a correction.
We invite you to contact us via the Internet, through our Investor Centers or by phone. It is our privilege to provide you the information you need to make the investments that are right for you.
Sincerely,
(The acting chairman's signature appears here.)
James C. Curvey
Acting Chairman
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, 2010 to February 28, 2011).
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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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 | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.30 | $ .57 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage® Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.10 | $ .40 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Class F | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.10 | $ .40 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
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, 2011 | Past 1 | Past 5 | Past 10 |
Spartan® Total Market Index Fund - Investor Class | 24.39% | 3.41% | 3.69% |
Spartan Total Market Index Fund - Fidelity® Advantage Class A | 24.43% | 3.44% | 3.70% |
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, 2001. 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: Steady economic growth, encouraging monetary policy, improving credit-market conditions, an uptick in merger-and-acquisition activity and better-than-expected corporate earnings propelled U.S. stock markets forward during the 12-month period ending February 28, 2011. Uncertainty over the global effects of the debt crisis in Europe and China's attempt to rein in its economy plagued equities during the spring, but markets reacted positively to the Federal Reserve's second round of quantitative easing and, later in the year, stimulative federal tax policies. For the full year, the S&P 500® Index advanced 22.57%, with all but one of the 10 major sectors tracked by MSCI U.S. Investable Market classifications delivering a double-digit gain. While cyclically oriented sectors benefited from an overall improving economy, less economically sensitive sectors fell short of the broad market. Energy and materials stocks performed best, while the health care and consumer staples groups struggled the most.
Comments from Patrick Waddell, member of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the 12 months, the fund's Investor Class and Fidelity Advantage Class shares returned 24.39% and 24.43%, respectively, in line with the 24.51% return of the benchmark Dow Jones U.S. Total Stock Market IndexSM. Every sector of the Dow Jones index generated a positive result, and only health care, which gained more than 9%, failed to achieve a double-digit return. The top-performing group was energy, whose roughly 43% increase was helped by the rising price of oil. Materials, consumer discretionary, industrials and telecommunication services turned in gains of about 34%, 33%, 32% and 29%, respectively. The index's largest weighting, information technology, beat the Dow Jones index by about a percentage point. Several sectors besides health care - consumer staples, financials and utilities - lagged the index. In a very favorable environment for stocks, there were many more sources of positive performance. The largest positions in the index - Exxon Mobil and Apple, respectively - were the second-biggest and biggest contributors, respectively. Exxon Mobil, along with other energy production giants Chevron and ConocoPhillips, as well as oil-field services company Schlumberger, benefited from the rising price of oil. Apple, a personal computer and consumer-electronics manufacturer, continued to impress Wall Street analysts with strong sales of its leading products - iPod® digital music players, iPhone® mobile telephones, Macintosh® computers, and, most recently, iPad® tablet computers. Also in technology, consulting firm International Business Machines, mobile communications technology manufacturer QUALCOMM and database-software maker Oracle all gained substantial ground, as did telecommunications service provider Verizon Communications. On the negative side, several technology stocks did not perform well, especially Cisco Systems, Hewlett-Packard and Microsoft. Shares of network-communications company Cisco fell sharply in November after the firm revised its earnings and sales forecast downward. HP lost significant ground in August, following the unexpected resignation of the company's CEO. Software giant Microsoft struggled to manage a challenging competitive environment. Elsewhere, two health care stocks lagged - pharmaceutical maker Merck and biotechnology company Gilead Sciences, while in financials, Bank of America hurt performance.
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, 2011 | ||
| % of fund's | % of fund's net assets |
Exxon Mobil Corp. | 2.9 | 2.6 |
Apple, Inc. | 2.1 | 1.9 |
General Electric Co. | 1.5 | 1.3 |
Chevron Corp. | 1.4 | 1.3 |
Microsoft Corp. | 1.4 | 1.6 |
International Business Machines Corp. | 1.3 | 1.4 |
JPMorgan Chase & Co. | 1.2 | 1.3 |
Procter & Gamble Co. | 1.2 | 1.5 |
Johnson & Johnson | 1.1 | 1.4 |
AT&T, Inc. | 1.1 | 1.4 |
| 15.2 | |
Market Sectors as of February 28, 2011 | ||
| % of fund's | % of fund's net assets |
Information Technology | 18.3 | 17.8 |
Financials | 16.6 | 16.6 |
Energy | 11.9 | 10.0 |
Industrials | 11.2 | 10.6 |
Consumer Discretionary | 11.2 | 10.9 |
Health Care | 10.9 | 11.7 |
Consumer Staples | 8.6 | 10.2 |
Materials | 4.2 | 4.0 |
Utilities | 3.2 | 4.0 |
Telecommunication Services | 2.6 | 3.0 |
Percentages are adjusted for the effect of futures contracts, if applicable.
Annual Report
Spartan Total Market Index Fund
Investments February 28, 2011
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 11.2% | |||
Auto Components - 0.5% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 57,438 | $ 767,946 | |
Amerigon, Inc. (a)(d) | 19,084 | 260,306 | |
BorgWarner, Inc. (a)(d) | 90,096 | 6,992,351 | |
Cooper Tire & Rubber Co. (d) | 46,836 | 1,098,773 | |
Dana Holding Corp. (a) | 112,757 | 2,128,852 | |
Drew Industries, Inc. | 13,018 | 301,106 | |
Exide Technologies (a) | 56,101 | 667,602 | |
Federal-Mogul Corp. Class A (a) | 31,031 | 651,961 | |
Fuel Systems Solutions, Inc. (a)(d) | 13,523 | 393,790 | |
Gentex Corp. | 107,342 | 3,250,316 | |
Johnson Controls, Inc. | 533,669 | 21,773,695 | |
Lear Corp. | 39,182 | 4,145,456 | |
Modine Manufacturing Co. (a)(d) | 29,805 | 441,114 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 8,247 | 42,390 | |
Spartan Motors, Inc. | 9,796 | 62,205 | |
Standard Motor Products, Inc. | 15,104 | 175,660 | |
Stoneridge, Inc. (a) | 20,127 | 303,515 | |
Strattec Security Corp. | 781 | 26,164 | |
Superior Industries International, Inc. | 29,015 | 576,818 | |
Tenneco, Inc. (a)(d) | 47,006 | 1,874,599 | |
The Goodyear Tire & Rubber Co. (a) | 191,911 | 2,721,298 | |
TRW Automotive Holdings Corp. (a) | 80,064 | 4,547,635 | |
Visteon Corp. (a) | 36,681 | 2,712,560 | |
| 55,916,112 | ||
Automobiles - 0.5% | |||
Ford Motor Co. (a)(d) | 2,716,518 | 40,883,596 | |
General Motors Co. | 450,000 | 15,088,500 | |
Harley-Davidson, Inc. | 184,009 | 7,511,247 | |
Tesla Motors, Inc. (a)(d) | 31,012 | 740,877 | |
Thor Industries, Inc. (d) | 29,832 | 991,616 | |
Winnebago Industries, Inc. (a) | 26,601 | 384,650 | |
| 65,600,486 | ||
Distributors - 0.1% | |||
Audiovox Corp. Class A (a) | 4,180 | 34,610 | |
Core-Mark Holding Co., Inc. (a)(d) | 7,226 | 245,323 | |
Genuine Parts Co. | 124,929 | 6,582,509 | |
LKQ Corp. (a)(d) | 113,291 | 2,691,794 | |
Pool Corp. (d) | 47,772 | 1,192,389 | |
| 10,746,625 | ||
Diversified Consumer Services - 0.3% | |||
American Public Education, Inc. (a)(d) | 19,746 | 837,625 | |
Apollo Group, Inc. Class A (non-vtg.) (a) | 103,133 | 4,667,800 | |
Archipelago Learning, Inc. (a) | 8,572 | 91,549 | |
Bridgepoint Education, Inc. (a)(d) | 12,789 | 239,410 | |
Capella Education Co. (a)(d) | 15,227 | 878,141 | |
Career Education Corp. (a)(d) | 52,139 | 1,257,071 | |
Coinstar, Inc. (a)(d) | 25,148 | 1,073,317 | |
Corinthian Colleges, Inc. (a)(d) | 97,916 | 513,080 | |
| |||
Shares | Value | ||
CPI Corp. (d) | 6,197 | $ 142,965 | |
DeVry, Inc. | 47,643 | 2,584,633 | |
Education Management Corp. (a)(d) | 33,126 | 641,651 | |
Grand Canyon Education, Inc. (a) | 22,757 | 365,933 | |
H&R Block, Inc. | 241,328 | 3,665,772 | |
Hillenbrand, Inc. | 45,573 | 991,213 | |
ITT Educational Services, Inc. (a)(d) | 27,550 | 2,089,668 | |
Jackson Hewitt Tax Service, Inc. (a)(d) | 13,450 | 16,678 | |
K12, Inc. (a) | 21,701 | 730,022 | |
Learning Tree International, Inc. | 3,821 | 35,574 | |
Lincoln Educational Services Corp. | 11,529 | 178,815 | |
Matthews International Corp. Class A (d) | 24,562 | 912,478 | |
National American University Holdings, Inc. | 3,000 | 22,470 | |
Nobel Learning Communities, Inc. (a) | 1,000 | 9,480 | |
Pre-Paid Legal Services, Inc. (a)(d) | 10,193 | 672,126 | |
Princeton Review, Inc. (a) | 17,342 | 15,955 | |
Regis Corp. (d) | 43,769 | 767,271 | |
Service Corp. International | 188,426 | 2,053,843 | |
Sotheby's Class A (ltd. vtg.) | 51,595 | 2,539,506 | |
Steiner Leisure Ltd. (a)(d) | 12,388 | 584,218 | |
Stewart Enterprises, Inc. Class A | 64,820 | 493,928 | |
Strayer Education, Inc. | 10,595 | 1,456,177 | |
Universal Technical Institute, Inc. (d) | 28,315 | 520,996 | |
Weight Watchers International, Inc. | 28,944 | 1,769,347 | |
| 32,818,712 | ||
Hotels, Restaurants & Leisure - 1.9% | |||
AFC Enterprises, Inc. (a) | 21,272 | 314,613 | |
Ambassadors Group, Inc. | 20,096 | 214,022 | |
Ameristar Casinos, Inc. | 20,588 | 344,849 | |
Bally Technologies, Inc. (a) | 42,359 | 1,636,328 | |
Biglari Holdings, Inc. (a) | 706 | 301,999 | |
BJ's Restaurants, Inc. (a)(d) | 25,297 | 909,427 | |
Bluegreen Corp. (a) | 13,016 | 55,839 | |
Bob Evans Farms, Inc. (d) | 30,971 | 970,631 | |
Boyd Gaming Corp. (a) | 57,914 | 619,101 | |
Brinker International, Inc. | 72,375 | 1,710,945 | |
Buffalo Wild Wings, Inc. (a)(d) | 16,070 | 851,549 | |
California Pizza Kitchen, Inc. (a)(d) | 42,316 | 712,601 | |
Caribou Coffee Co., Inc. (a) | 21,035 | 206,984 | |
Carnival Corp. unit | 327,724 | 13,983,983 | |
CEC Entertainment, Inc. (d) | 23,909 | 925,039 | |
Chipotle Mexican Grill, Inc. (a)(d) | 27,459 | 6,727,455 | |
Choice Hotels International, Inc. (d) | 27,230 | 1,051,623 | |
Churchill Downs, Inc. | 10,300 | 430,128 | |
Cracker Barrel Old Country Store, Inc. (d) | 21,638 | 1,078,438 | |
Darden Restaurants, Inc. | 100,905 | 4,755,653 | |
Denny's Corp. (a)(d) | 82,821 | 322,174 | |
DineEquity, Inc. (a) | 14,923 | 853,745 | |
Domino's Pizza, Inc. (a)(d) | 33,912 | 572,095 | |
Dover Downs Gaming & Entertainment, Inc. | 1,755 | 6,230 | |
Dover Motorsports, Inc. (a) | 11,625 | 23,599 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Empire Resorts, Inc. (a) | 15,456 | $ 12,674 | |
Gaylord Entertainment Co. (a)(d) | 24,853 | 895,454 | |
Great Wolf Resorts, Inc. (a) | 13,290 | 36,548 | |
Hyatt Hotels Corp. Class A (a) | 29,784 | 1,362,618 | |
International Game Technology (d) | 233,653 | 3,845,928 | |
International Speedway Corp. Class A (d) | 23,240 | 644,213 | |
Interval Leisure Group, Inc. (a) | 34,313 | 580,233 | |
Isle of Capri Casinos, Inc. (a)(d) | 17,627 | 163,050 | |
Jack in the Box, Inc. (a)(d) | 49,019 | 1,078,418 | |
Jamba, Inc. (a)(d) | 40,851 | 94,366 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 54,837 | 343,828 | |
Las Vegas Sands Corp. (a) | 357,838 | 16,689,564 | |
Life Time Fitness, Inc. (a)(d) | 33,028 | 1,266,624 | |
Luby's, Inc. (a) | 17,000 | 90,950 | |
Marcus Corp. | 23,391 | 304,551 | |
Marriott International, Inc. Class A | 249,173 | 9,770,073 | |
McCormick & Schmick's Seafood Restaurants (a) | 16,005 | 164,371 | |
McDonald's Corp. | 847,113 | 64,109,512 | |
MGM Mirage, Inc. (a)(d) | 250,199 | 3,487,774 | |
Monarch Casino & Resort, Inc. (a) | 5,587 | 58,384 | |
Morgans Hotel Group Co. (a)(d) | 32,197 | 286,231 | |
MTR Gaming Group, Inc. (a) | 6,687 | 17,988 | |
Multimedia Games, Inc. (a) | 15,189 | 83,540 | |
O'Charleys, Inc. (a)(d) | 11,817 | 75,038 | |
Orient Express Hotels Ltd. Class A (a)(d) | 74,088 | 934,991 | |
P.F. Chang's China Bistro, Inc. | 21,787 | 1,011,788 | |
Panera Bread Co. Class A (a) | 20,823 | 2,431,085 | |
Papa John's International, Inc. (a)(d) | 22,404 | 653,749 | |
Peet's Coffee & Tea, Inc. (a)(d) | 18,056 | 772,075 | |
Penn National Gaming, Inc. (a) | 58,555 | 2,094,512 | |
Pinnacle Entertainment, Inc. (a)(d) | 72,032 | 945,780 | |
Premier Exhibitions, Inc. (a) | 1,600 | 2,784 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 24,590 | 586,717 | |
Rick's Cabaret International, Inc. (a)(d) | 6,660 | 72,461 | |
Royal Caribbean Cruises Ltd. (a)(d) | 104,458 | 4,574,216 | |
Ruby Tuesday, Inc. (a) | 49,861 | 666,143 | |
Ruth's Hospitality Group, Inc. (a)(d) | 25,925 | 129,884 | |
Scientific Games Corp. Class A (a) | 46,137 | 413,388 | |
Shuffle Master, Inc. (a)(d) | 43,312 | 407,566 | |
Six Flags Entertainment Corp. | 23,419 | 1,460,409 | |
Sonic Corp. (a)(d) | 71,268 | 632,860 | |
Speedway Motorsports, Inc. | 7,046 | 103,013 | |
Starbucks Corp. | 582,792 | 19,220,480 | |
Starwood Hotels & Resorts Worldwide, Inc. | 137,666 | 8,411,393 | |
Summit Hotel Properties, Inc. | 22,063 | 215,114 | |
Texas Roadhouse, Inc. Class A | 66,505 | 1,129,255 | |
The Cheesecake Factory, Inc. (a)(d) | 34,919 | 1,014,048 | |
Town Sports International Holdings, Inc. (a) | 15,248 | 70,293 | |
| |||
Shares | Value | ||
Vail Resorts, Inc. (a)(d) | 27,734 | $ 1,353,419 | |
Wendy's/Arby's Group, Inc. | 291,585 | 1,387,945 | |
WMS Industries, Inc. (a)(d) | 44,635 | 1,776,027 | |
Wyndham Worldwide Corp. | 140,560 | 4,396,717 | |
Wynn Resorts Ltd. | 69,382 | 8,529,129 | |
Yum! Brands, Inc. | 363,992 | 18,319,717 | |
| 228,757,938 | ||
Household Durables - 0.5% | |||
American Biltrite, Inc. (a) | 400 | 2,920 | |
American Greetings Corp. Class A (d) | 35,079 | 759,460 | |
Bassett Furniture Industries, Inc. (a) | 2,149 | 14,506 | |
Beazer Homes USA, Inc. (a)(d) | 89,997 | 418,486 | |
Blyth, Inc. | 10,795 | 371,024 | |
Brookfield Homes Corp. (a)(d) | 6,161 | 89,766 | |
Cavco Industries, Inc. (a)(d) | 10,167 | 415,017 | |
Cobra Electronics Corp. (a) | 1,200 | 4,632 | |
CSS Industries, Inc. | 12,000 | 210,000 | |
D.R. Horton, Inc. (d) | 207,796 | 2,460,305 | |
Dixie Group, Inc. (a) | 3,463 | 16,692 | |
Emerson Radio Corp. | 27,597 | 72,580 | |
Ethan Allen Interiors, Inc. | 19,914 | 439,104 | |
Flexsteel Industries, Inc. | 2,030 | 29,740 | |
Fortune Brands, Inc. | 119,095 | 7,367,217 | |
Furniture Brands International, Inc. (a) | 30,000 | 131,400 | |
Garmin Ltd. (d) | 82,889 | 2,814,082 | |
Harman International Industries, Inc. | 54,481 | 2,649,956 | |
Helen of Troy Ltd. (a)(d) | 29,414 | 821,533 | |
Hooker Furniture Corp. | 15,000 | 204,300 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 107,327 | 437,894 | |
iRobot Corp. (a)(d) | 25,165 | 722,739 | |
Jarden Corp. | 70,375 | 2,313,226 | |
KB Home (d) | 60,132 | 796,749 | |
Kid Brands, Inc. (a) | 6,433 | 60,213 | |
Koss Corp. | 3,104 | 21,604 | |
La-Z-Boy, Inc. (a) | 40,609 | 407,714 | |
Leggett & Platt, Inc. | 108,168 | 2,494,354 | |
Lennar Corp. Class A | 117,997 | 2,378,820 | |
Libbey, Inc. (a)(d) | 19,358 | 332,764 | |
Lifetime Brands, Inc. (a)(d) | 300 | 3,603 | |
M.D.C. Holdings, Inc. (d) | 29,304 | 769,230 | |
M/I Homes, Inc. (a)(d) | 28,931 | 386,229 | |
Meritage Homes Corp. (a)(d) | 31,399 | 810,408 | |
Mohawk Industries, Inc. (a)(d) | 41,615 | 2,418,248 | |
Newell Rubbermaid, Inc. | 223,714 | 4,326,629 | |
NVR, Inc. (a)(d) | 4,205 | 3,060,651 | |
PulteGroup, Inc. (a)(d) | 244,761 | 1,688,851 | |
Ryland Group, Inc. (d) | 37,577 | 652,337 | |
Sealy Corp., Inc. (a) | 21,635 | 62,309 | |
Skyline Corp. | 6,539 | 131,369 | |
Standard Pacific Corp. (a)(d) | 114,480 | 457,920 | |
Stanley Black & Decker, Inc. | 129,331 | 9,807,170 | |
Stanley Furniture Co., Inc. (a)(d) | 6,630 | 36,465 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Tempur-Pedic International, Inc. (a)(d) | 53,437 | $ 2,508,333 | |
Toll Brothers, Inc. (a)(d) | 99,977 | 2,125,511 | |
Tupperware Brands Corp. | 46,576 | 2,498,802 | |
Universal Electronics, Inc. (a)(d) | 16,673 | 454,339 | |
Whirlpool Corp. | 58,245 | 4,805,213 | |
| 66,262,414 | ||
Internet & Catalog Retail - 0.7% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 28,158 | 77,153 | |
Amazon.com, Inc. (a) | 277,609 | 48,106,864 | |
Blue Nile, Inc. (a)(d) | 13,187 | 754,033 | |
dELiA*s, Inc. (a) | 3,463 | 6,822 | |
drugstore.com, Inc. (a)(d) | 64,555 | 128,464 | |
Expedia, Inc. | 161,438 | 3,206,159 | |
Gaiam, Inc. Class A | 14,668 | 112,210 | |
Geeknet, Inc. (a) | 1,373 | 38,444 | |
Hollywood Media Corp. (a) | 1,200 | 1,980 | |
HSN, Inc. (a) | 32,537 | 1,056,802 | |
Liberty Media Corp. Interactive Series A (a) | 464,534 | 7,460,416 | |
Netflix, Inc. (a)(d) | 36,822 | 7,610,003 | |
NutriSystem, Inc. (d) | 31,318 | 414,337 | |
Orbitz Worldwide, Inc. (a)(d) | 15,000 | 52,950 | |
Overstock.com, Inc. (a)(d) | 16,829 | 256,642 | |
PetMed Express, Inc. (d) | 37,564 | 559,328 | |
Priceline.com, Inc. (a) | 38,562 | 17,502,521 | |
Shutterfly, Inc. (a) | 24,946 | 1,065,194 | |
ValueVision Media, Inc. Class A (a) | 21,687 | 145,086 | |
Vitacost.com, Inc. (a) | 18,738 | 96,126 | |
| 88,651,534 | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a) | 5,971 | 75,891 | |
Black Diamond, Inc. (a) | 3,000 | 20,310 | |
Brunswick Corp. (d) | 79,627 | 1,833,810 | |
Callaway Golf Co. | 72,163 | 558,542 | |
Eastman Kodak Co. (a)(d) | 199,813 | 679,364 | |
Hasbro, Inc. | 98,573 | 4,425,928 | |
JAKKS Pacific, Inc. (a)(d) | 24,508 | 456,829 | |
Johnson Outdoors, Inc. Class A (a) | 2,747 | 42,414 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 25,168 | 109,229 | |
Marine Products Corp. (a)(d) | 13,658 | 99,703 | |
Mattel, Inc. | 289,160 | 7,246,350 | |
Meade Instruments Corp. (a) | 130 | 547 | |
Nautilus, Inc. (a) | 6,001 | 15,963 | |
Polaris Industries, Inc. (d) | 28,245 | 2,131,085 | |
RC2 Corp. (a) | 16,726 | 363,121 | |
Smith & Wesson Holding Corp. (a)(d) | 106,132 | 423,467 | |
Steinway Musical Instruments, Inc. (a) | 5,374 | 115,434 | |
Sturm Ruger & Co., Inc. | 42,290 | 763,757 | |
Summer Infant, Inc. (a) | 28,574 | 210,019 | |
| 19,571,763 | ||
| |||
Shares | Value | ||
Media - 3.1% | |||
A.H. Belo Corp. Class A (a) | 8,701 | $ 62,560 | |
Arbitron, Inc. | 22,064 | 878,368 | |
Ascent Media Corp. (a) | 17,787 | 742,074 | |
Ballantyne of Omaha, Inc. (a)(d) | 6,428 | 46,667 | |
Belo Corp. Series A (a)(d) | 69,830 | 556,545 | |
Cablevision Systems Corp. - NY Group Class A | 187,053 | 6,892,903 | |
Carmike Cinemas, Inc. (a)(d) | 19,860 | 142,595 | |
CBS Corp. Class B | 500,000 | 11,930,000 | |
Charter Communications, Inc. Class A (a)(d) | 29,426 | 1,346,828 | |
Cinemark Holdings, Inc. | 44,354 | 890,628 | |
CKX, Inc. (a) | 40,959 | 144,585 | |
Clear Channel Outdoor Holding, Inc. Class A (a) | 47,846 | 705,250 | |
Comcast Corp. Class A | 2,251,023 | 57,986,352 | |
Crown Media Holdings, Inc. Class A (a)(d) | 9,666 | 23,488 | |
Cumulus Media, Inc. Class A (a)(d) | 44,350 | 216,428 | |
Dex One Corp. (a) | 43,931 | 231,516 | |
DIRECTV (a) | 673,773 | 30,973,345 | |
Discovery Communications, Inc. (a)(d) | 224,695 | 9,686,601 | |
DISH Network Corp. Class A (a) | 164,042 | 3,813,977 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 48,386 | 1,336,421 | |
E.W. Scripps Co. Class A (a) | 22,092 | 211,420 | |
Emmis Communications Corp. Class A (a) | 9,275 | 10,203 | |
Entercom Communications Corp. Class A (a) | 24,702 | 323,102 | |
Entravision Communication Corp. Class A (a)(d) | 53,671 | 126,127 | |
Fisher Communications, Inc. (a) | 3,105 | 83,090 | |
Gannett Co., Inc. | 181,465 | 2,995,987 | |
Gray Television, Inc. (a)(d) | 8,695 | 19,303 | |
Harris Interactive, Inc. (a) | 6,269 | 6,206 | |
Harte-Hanks, Inc. | 52,908 | 671,403 | |
Insignia Systems, Inc. | 2,664 | 17,822 | |
Interpublic Group of Companies, Inc. | 376,064 | 4,964,045 | |
John Wiley & Sons, Inc. Class A | 37,750 | 1,804,828 | |
Journal Communications, Inc. Class A (a)(d) | 22,879 | 140,477 | |
Knology, Inc. (a) | 41,362 | 575,759 | |
Lamar Advertising Co. Class A (a)(d) | 44,355 | 1,719,643 | |
Lee Enterprises, Inc. (a) | 27,681 | 82,213 | |
Liberty Global, Inc. Class A (a)(d) | 187,456 | 7,891,898 | |
Liberty Media Corp.: | |||
Capital Series A (a)(d) | 65,131 | 4,725,905 | |
Starz Series A (a) | 40,473 | 2,841,205 | |
LIN TV Corp. Class A (a) | 41,885 | 255,917 | |
Live Nation Entertainment, Inc. (a) | 127,733 | 1,357,802 | |
LodgeNet Entertainment Corp. (a)(d) | 31,535 | 112,265 | |
Madison Square Garden, Inc. Class A (a) | 44,555 | 1,272,491 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 40,978 | $ 168,010 | |
McGraw-Hill Companies, Inc. | 244,751 | 9,466,969 | |
Media General, Inc. Class A (a)(d) | 25,296 | 173,025 | |
Mediacom Communications Corp. Class A (a) | 64,214 | 566,367 | |
Meredith Corp. | 33,890 | 1,194,961 | |
Morningstar, Inc. (d) | 15,035 | 882,254 | |
National CineMedia, Inc. | 43,599 | 823,585 | |
Navarre Corp. (a) | 6,926 | 14,060 | |
New Frontier Media, Inc. (a) | 5,971 | 12,599 | |
News Corp. Class A | 1,850,650 | 32,145,791 | |
Omnicom Group, Inc. | 239,644 | 12,197,880 | |
Playboy Enterprises, Inc. Class B (non-vtg.) (a) | 8,000 | 49,120 | |
PRIMEDIA, Inc. | 6,332 | 29,507 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 27,442 | 60,921 | |
ReachLocal, Inc. | 3,000 | 57,120 | |
Regal Entertainment Group Class A | 64,163 | 958,595 | |
Rentrak Corp. (a)(d) | 1,996 | 52,754 | |
Saga Communications, Inc. Class A (a) | 233 | 6,757 | |
Salem Communications Corp. Class A | 2,015 | 8,503 | |
Scholastic Corp. | 20,042 | 629,319 | |
Scripps Networks Interactive, Inc. Class A | 67,294 | 3,495,250 | |
Sinclair Broadcast Group, Inc. Class A | 42,471 | 549,575 | |
Sirius XM Radio, Inc. (a)(d) | 3,028,291 | 5,481,207 | |
Spanish Broadcasting System, Inc. Class A (a) | 8,120 | 7,552 | |
SuperMedia, Inc. (a)(d) | 22,547 | 189,846 | |
The McClatchy Co. Class A (a)(d) | 42,958 | 172,262 | |
The New York Times Co. Class A (a)(d) | 75,000 | 780,000 | |
The Walt Disney Co. | 1,420,697 | 62,141,287 | |
Time Warner Cable, Inc. | 278,757 | 20,120,680 | |
Time Warner, Inc. | 897,453 | 34,282,705 | |
Valassis Communications, Inc. (a)(d) | 39,392 | 1,111,642 | |
Viacom, Inc. Class B (non-vtg.) | 428,396 | 19,132,165 | |
Virgin Media, Inc. (d) | 232,047 | 6,320,960 | |
Warner Music Group Corp. (a) | 39,076 | 234,847 | |
Washington Post Co. Class B (d) | 4,184 | 1,812,049 | |
World Wrestling Entertainment, Inc. Class A (d) | 51,544 | 665,433 | |
| 376,811,799 | ||
Multiline Retail - 0.7% | |||
99 Cents Only Stores (a)(d) | 61,432 | 1,022,228 | |
Big Lots, Inc. (a) | 58,502 | 2,400,337 | |
Dillard's, Inc. Class A (d) | 42,935 | 1,817,868 | |
Dollar General Corp. (a)(d) | 25,592 | 722,974 | |
Dollar Tree, Inc. (a) | 100,113 | 5,037,686 | |
Family Dollar Stores, Inc. | 95,532 | 4,784,243 | |
Fred's, Inc. Class A | 47,708 | 657,416 | |
JCPenney Co., Inc. | 160,547 | 5,612,723 | |
| |||
Shares | Value | ||
Kohl's Corp. | 224,612 | $ 12,104,341 | |
Macy's, Inc. | 326,323 | 7,799,120 | |
Nordstrom, Inc. | 133,349 | 6,035,376 | |
Retail Ventures, Inc. (a) | 12,266 | 214,655 | |
Saks, Inc. (a)(d) | 116,426 | 1,426,219 | |
Sears Holdings Corp. (a)(d) | 37,118 | 3,092,301 | |
Target Corp. | 510,212 | 26,811,641 | |
The Bon-Ton Stores, Inc. (a)(d) | 8,752 | 137,056 | |
Tuesday Morning Corp. (a) | 10,850 | 50,670 | |
| 79,726,854 | ||
Specialty Retail - 2.1% | |||
A.C. Moore Arts & Crafts, Inc. (a) | 3,702 | 11,902 | |
Aarons, Inc. Class A | 60,856 | 1,432,550 | |
Abercrombie & Fitch Co. Class A | 68,573 | 3,934,033 | |
Advance Auto Parts, Inc. (d) | 65,592 | 4,111,307 | |
Aeropostale, Inc. (a) | 75,345 | 1,954,449 | |
America's Car Mart, Inc. (a) | 9,764 | 241,952 | |
American Eagle Outfitters, Inc. | 150,053 | 2,303,314 | |
AnnTaylor Stores Corp. (a) | 54,579 | 1,266,779 | |
Asbury Automotive Group, Inc. (a) | 26,121 | 481,932 | |
Ascena Retail Group, Inc. (a)(d) | 52,801 | 1,649,503 | |
AutoNation, Inc. (a)(d) | 58,946 | 1,982,943 | |
AutoZone, Inc. (a) | 22,178 | 5,720,815 | |
Barnes & Noble, Inc. (d) | 31,168 | 417,340 | |
bebe Stores, Inc. (d) | 14,487 | 85,473 | |
Bed Bath & Beyond, Inc. (a) | 203,400 | 9,793,710 | |
Best Buy Co., Inc. | 261,048 | 8,416,188 | |
Big 5 Sporting Goods Corp. | 18,888 | 263,299 | |
Books-A-Million, Inc. | 5,135 | 30,399 | |
Brown Shoe Co., Inc. (d) | 45,893 | 711,342 | |
Build-A-Bear Workshop, Inc. (a)(d) | 4,710 | 31,180 | |
Cabela's, Inc. Class A (a) | 31,034 | 841,952 | |
Cache, Inc. (a) | 3,350 | 13,266 | |
CarMax, Inc. (a) | 174,763 | 6,181,367 | |
Casual Male Retail Group, Inc. (a)(d) | 8,101 | 34,591 | |
Charming Shoppes, Inc. (a) | 65,546 | 214,335 | |
Chico's FAS, Inc. (d) | 141,987 | 1,950,901 | |
Christopher & Banks Corp. (d) | 21,140 | 129,165 | |
Citi Trends, Inc. (a)(d) | 16,789 | 369,190 | |
Coldwater Creek, Inc. (a)(d) | 61,586 | 182,295 | |
Collective Brands, Inc. (a) | 52,244 | 1,191,163 | |
Conn's, Inc. (a)(d) | 9,074 | 40,379 | |
Cost Plus, Inc. (a)(d) | 4,090 | 38,569 | |
Destination Maternity Corp. | 3,789 | 170,884 | |
Dick's Sporting Goods, Inc. (a) | 64,611 | 2,399,653 | |
DSW, Inc. Class A (a)(d) | 20,102 | 816,342 | |
Express, Inc. | 29,439 | 529,313 | |
Finish Line, Inc. Class A | 38,205 | 667,059 | |
Foot Locker, Inc. | 121,712 | 2,418,417 | |
GameStop Corp. Class A (a)(d) | 116,984 | 2,333,831 | |
Gap, Inc. | 286,370 | 6,451,916 | |
Genesco, Inc. (a)(d) | 23,200 | 916,864 | |
Group 1 Automotive, Inc. | 20,000 | 845,000 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Guess?, Inc. (d) | 48,877 | $ 2,213,639 | |
Haverty Furniture Companies, Inc. | 19,389 | 257,874 | |
hhgregg, Inc. (a)(d) | 17,663 | 262,119 | |
Hibbett Sports, Inc. (a)(d) | 26,443 | 830,575 | |
Home Depot, Inc. | 1,307,421 | 48,989,065 | |
Hot Topic, Inc. | 59,826 | 320,069 | |
J. Crew Group, Inc. (a) | 47,467 | 2,046,777 | |
Jo-Ann Stores, Inc. (a) | 25,491 | 1,547,304 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 19,771 | 911,641 | |
Kirkland's, Inc. (a) | 12,446 | 190,175 | |
Limited Brands, Inc. | 216,048 | 6,917,857 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 24,040 | 363,966 | |
Lowe's Companies, Inc. | 1,097,391 | 28,718,722 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 25,148 | 585,445 | |
MarineMax, Inc. (a) | 11,778 | 106,355 | |
Midas, Inc. (a) | 17,549 | 135,654 | |
Monro Muffler Brake, Inc. | 33,102 | 1,081,773 | |
New York & Co., Inc. (a)(d) | 22,599 | 157,063 | |
O'Reilly Automotive, Inc. (a) | 106,305 | 5,908,432 | |
Office Depot, Inc. (a) | 234,159 | 1,243,384 | |
OfficeMax, Inc. (a)(d) | 72,493 | 996,054 | |
Pacific Sunwear of California, Inc. (a)(d) | 69,935 | 315,407 | |
Penske Automotive Group, Inc. (a)(d) | 31,974 | 651,310 | |
Perfumania Holdings, Inc. (a) | 325 | 2,616 | |
PetSmart, Inc. | 89,000 | 3,637,430 | |
Pier 1 Imports, Inc. (a) | 98,475 | 992,628 | |
RadioShack Corp. (d) | 95,529 | 1,413,829 | |
Rent-A-Center, Inc. (d) | 49,676 | 1,642,289 | |
Ross Stores, Inc. | 94,505 | 6,808,140 | |
rue21, Inc. (a)(d) | 11,740 | 411,135 | |
Sally Beauty Holdings, Inc. (a)(d) | 71,661 | 929,443 | |
Select Comfort Corp. (a) | 41,268 | 459,313 | |
Shoe Carnival, Inc. (a) | 3,092 | 80,206 | |
Signet Jewelers Ltd. (a) | 62,810 | 2,755,475 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 37,989 | 546,282 | |
Stage Stores, Inc. (d) | 27,048 | 471,717 | |
Staples, Inc. | 577,775 | 12,306,608 | |
Stein Mart, Inc. | 19,746 | 161,720 | |
Systemax, Inc. (a)(d) | 7,631 | 104,239 | |
Talbots, Inc. (a)(d) | 40,306 | 251,913 | |
The Buckle, Inc. (d) | 20,272 | 792,432 | |
The Cato Corp. Class A (sub. vtg.) | 36,044 | 874,067 | |
The Children's Place Retail Stores, Inc. (a)(d) | 21,041 | 961,574 | |
The Men's Wearhouse, Inc. | 39,018 | 1,041,781 | |
The Pep Boys - Manny, Moe & Jack | 81,773 | 1,024,616 | |
Tiffany & Co., Inc. | 98,054 | 6,035,224 | |
TJX Companies, Inc. | 319,221 | 15,919,551 | |
Tractor Supply Co. | 54,000 | 2,811,780 | |
Trans World Entertainment Corp. (a) | 3,463 | 6,060 | |
| |||
Shares | Value | ||
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 35,029 | $ 1,461,760 | |
Urban Outfitters, Inc. (a) | 102,030 | 3,915,911 | |
Vitamin Shoppe, Inc. (a) | 18,050 | 627,960 | |
West Marine, Inc. (a)(d) | 3,821 | 39,853 | |
Wet Seal, Inc. Class A (a)(d) | 77,858 | 309,096 | |
Williams-Sonoma, Inc. | 71,431 | 2,577,945 | |
Zale Corp. (a)(d) | 26,205 | 107,965 | |
Zumiez, Inc. (a)(d) | 20,815 | 542,647 | |
| 250,352,727 | ||
Textiles, Apparel & Luxury Goods - 0.6% | |||
American Apparel, Inc. (a)(d) | 34,191 | 38,978 | |
Carter's, Inc. (a)(d) | 44,322 | 1,270,269 | |
Cherokee, Inc. | 10,680 | 181,346 | |
Coach, Inc. | 237,235 | 13,028,946 | |
Columbia Sportswear Co. | 8,418 | 528,566 | |
Crocs, Inc. (a) | 81,146 | 1,432,227 | |
Culp, Inc. (a) | 8,187 | 82,279 | |
Deckers Outdoor Corp. (a) | 32,007 | 2,823,658 | |
Fossil, Inc. (a) | 37,946 | 2,911,976 | |
G-III Apparel Group Ltd. (a)(d) | 10,000 | 393,200 | |
Hanesbrands, Inc. (a)(d) | 68,817 | 1,783,048 | |
Iconix Brand Group, Inc. (a)(d) | 53,048 | 1,172,361 | |
Joe's Jeans, Inc. (a)(d) | 37,810 | 41,591 | |
K-Swiss, Inc. Class A (a) | 27,036 | 270,630 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 15,569 | 202,397 | |
Liz Claiborne, Inc. (a)(d) | 92,508 | 475,491 | |
Maidenform Brands, Inc. (a)(d) | 20,939 | 568,284 | |
Movado Group, Inc. (a) | 10,191 | 143,387 | |
NIKE, Inc. Class B | 236,646 | 21,068,593 | |
Oxford Industries, Inc. (d) | 10,105 | 243,733 | |
Perry Ellis International, Inc. (a) | 4,844 | 140,670 | |
Phillips-Van Heusen Corp. | 45,410 | 2,725,054 | |
Polo Ralph Lauren Corp. Class A | 49,437 | 6,264,162 | |
Quiksilver, Inc. (a)(d) | 93,064 | 401,106 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 30,810 | 640,232 | |
Steven Madden Ltd. (a)(d) | 25,320 | 1,092,305 | |
The Jones Group, Inc. | 72,951 | 970,248 | |
Timberland Co. Class A (a) | 47,867 | 1,768,207 | |
True Religion Apparel, Inc. (a)(d) | 27,973 | 664,918 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 31,131 | 2,061,806 | |
Unifi, Inc. (a) | 21,920 | 416,261 | |
Vera Bradley, Inc. (d) | 8,654 | 297,265 | |
VF Corp. | 65,829 | 6,297,860 | |
Volcom, Inc. (d) | 16,142 | 288,942 | |
Warnaco Group, Inc. (a)(d) | 34,500 | 2,025,495 | |
Wolverine World Wide, Inc. (d) | 36,170 | 1,329,609 | |
| 76,045,100 | ||
TOTAL CONSUMER DISCRETIONARY | 1,351,262,064 | ||
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - 8.6% | |||
Beverages - 1.9% | |||
Boston Beer Co., Inc. Class A (a)(d) | 6,815 | $ 632,568 | |
Brown-Forman Corp. Class B (non-vtg.) | 86,042 | 5,949,804 | |
Central European Distribution Corp. (a)(d) | 53,217 | 1,216,008 | |
Coca-Cola Bottling Co. Consolidated | 3,600 | 207,720 | |
Coca-Cola Enterprises, Inc. | 258,071 | 6,787,267 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 157,356 | 3,197,474 | |
Dr Pepper Snapple Group, Inc. | 186,504 | 6,725,334 | |
Hansen Natural Corp. (a) | 54,046 | 3,110,347 | |
Jones Soda Co. (a)(d) | 17,449 | 23,905 | |
Molson Coors Brewing Co. Class B | 125,105 | 5,721,052 | |
National Beverage Corp. | 8,950 | 113,576 | |
PepsiCo, Inc. | 1,261,314 | 79,992,534 | |
The Coca-Cola Co. | 1,706,809 | 109,099,231 | |
| 222,776,820 | ||
Food & Staples Retailing - 1.9% | |||
Andersons, Inc. (d) | 19,232 | 923,905 | |
Arden Group, Inc. Class A | 100 | 7,780 | |
BJ's Wholesale Club, Inc. (a) | 39,726 | 1,923,533 | |
Casey's General Stores, Inc. | 33,782 | 1,387,427 | |
Costco Wholesale Corp. | 343,938 | 25,723,123 | |
CVS Caremark Corp. | 1,086,831 | 35,930,633 | |
Fresh Market, Inc. | 10,345 | 422,076 | |
Ingles Markets, Inc. Class A | 17,056 | 327,987 | |
Kroger Co. | 464,207 | 10,630,340 | |
Nash-Finch Co. (d) | 13,340 | 538,536 | |
PriceSmart, Inc. | 10,766 | 383,162 | |
Rite Aid Corp. (a) | 432,490 | 566,562 | |
Ruddick Corp. | 28,443 | 1,043,858 | |
Safeway, Inc. | 287,468 | 6,272,552 | |
Spartan Stores, Inc. | 28,988 | 436,849 | |
SUPERVALU, Inc. | 164,399 | 1,418,763 | |
Susser Holdings Corp. (a) | 7,000 | 96,950 | |
Sysco Corp. | 467,006 | 12,978,097 | |
The Pantry, Inc. (a) | 28,291 | 445,866 | |
United Natural Foods, Inc. (a)(d) | 35,816 | 1,520,389 | |
Village Super Market, Inc. Class A | 3,900 | 117,156 | |
Wal-Mart Stores, Inc. | 1,619,392 | 84,175,996 | |
Walgreen Co. | 780,373 | 33,821,366 | |
Weis Markets, Inc. | 8,764 | 347,668 | |
Whole Foods Market, Inc. | 104,950 | 6,145,872 | |
Winn-Dixie Stores, Inc. (a)(d) | 66,467 | 463,940 | |
| 228,050,386 | ||
Food Products - 1.6% | |||
Alico, Inc. | 200 | 5,302 | |
Archer Daniels Midland Co. | 468,401 | 17,415,149 | |
B&G Foods, Inc. Class A (d) | 20,013 | 300,195 | |
Bridgford Foods Corp. | 400 | 4,560 | |
Bunge Ltd. | 112,319 | 8,106,062 | |
Cal-Maine Foods, Inc. (d) | 17,225 | 497,286 | |
| |||
Shares | Value | ||
Calavo Growers, Inc. | 7,771 | $ 180,443 | |
Campbell Soup Co. (d) | 165,279 | 5,563,291 | |
Chiquita Brands International, Inc. (a)(d) | 35,778 | 615,024 | |
ConAgra Foods, Inc. | 344,650 | 7,982,094 | |
Corn Products International, Inc. | 57,189 | 2,791,967 | |
Darling International, Inc. (a) | 82,951 | 1,152,189 | |
Dean Foods Co. (a)(d) | 139,443 | 1,472,518 | |
Del Monte Foods Co. | 148,122 | 2,803,949 | |
Diamond Foods, Inc. (d) | 21,341 | 1,087,324 | |
Dole Food Co., Inc. (a)(d) | 21,647 | 319,293 | |
Farmer Brothers Co. | 3,606 | 47,347 | |
Flowers Foods, Inc. | 68,755 | 1,828,883 | |
Fresh Del Monte Produce, Inc. (d) | 34,840 | 995,727 | |
General Mills, Inc. | 484,477 | 17,993,476 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 91,283 | 3,722,521 | |
H.J. Heinz Co. | 254,367 | 12,774,311 | |
Hain Celestial Group, Inc. (a)(d) | 45,630 | 1,360,687 | |
Harbinger Group, Inc. (a) | 880 | 4,778 | |
Hershey Co. | 123,698 | 6,471,879 | |
Hormel Foods Corp. | 110,923 | 3,039,290 | |
HQ Sustainable Maritime Industries, Inc. (a)(d) | 14,936 | 61,088 | |
Imperial Sugar Co. | 12,258 | 132,386 | |
J&J Snack Foods Corp. | 11,964 | 526,057 | |
John B. Sanfilippo & Son, Inc. (a)(d) | 2,965 | 35,728 | |
Kellogg Co. | 201,602 | 10,797,803 | |
Kraft Foods, Inc. Class A | 1,285,932 | 40,944,075 | |
Lancaster Colony Corp. (d) | 16,472 | 950,764 | |
McCormick & Co., Inc. (non-vtg.) | 115,675 | 5,511,914 | |
Mead Johnson Nutrition Co. Class A | 162,466 | 9,723,590 | |
Omega Protein Corp. (a) | 15,162 | 174,211 | |
Pilgrims Pride Corp. (a) | 35,000 | 269,850 | |
Ralcorp Holdings, Inc. (a)(d) | 42,161 | 2,734,141 | |
Reddy Ice Holdings, Inc. (a) | 29,155 | 92,130 | |
Sanderson Farms, Inc. (d) | 18,854 | 779,613 | |
Sara Lee Corp. | 473,984 | 8,114,606 | |
Seneca Foods Corp. Class A (a)(d) | 6,140 | 172,718 | |
Smart Balance, Inc. (a) | 53,000 | 230,020 | |
Smithfield Foods, Inc. (a)(d) | 121,374 | 2,809,808 | |
Snyders-Lance, Inc. | 46,952 | 855,465 | |
Tasty Baking Co. | 200 | 588 | |
The J.M. Smucker Co. | 93,485 | 6,435,507 | |
Tootsie Roll Industries, Inc. | 15,067 | 430,916 | |
TreeHouse Foods, Inc. (a)(d) | 30,238 | 1,577,516 | |
Tyson Foods, Inc. Class A | 226,821 | 4,225,675 | |
| 196,121,714 | ||
Household Products - 1.7% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a)(d) | 40,382 | 371,918 | |
Church & Dwight Co., Inc. | 51,938 | 3,918,203 | |
Clorox Co. | 106,735 | 7,232,364 | |
Colgate-Palmolive Co. | 387,132 | 30,397,605 | |
Energizer Holdings, Inc. (a) | 53,492 | 3,574,870 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Household Products - continued | |||
Kimberly-Clark Corp. | 327,351 | $ 21,572,431 | |
Oil-Dri Corp. of America | 750 | 15,233 | |
Procter & Gamble Co. | 2,241,043 | 141,297,761 | |
Spectrum Brands Holdings, Inc. (a) | 14,000 | 401,800 | |
WD-40 Co. | 20,252 | 823,446 | |
| 209,605,631 | ||
Personal Products - 0.2% | |||
Alberto-Culver Co. | 67,139 | 2,500,256 | |
Avon Products, Inc. | 337,586 | 9,388,267 | |
Elizabeth Arden, Inc. (a)(d) | 20,607 | 599,458 | |
Estee Lauder Companies, Inc. Class A | 93,032 | 8,783,151 | |
Herbalife Ltd. | 49,645 | 3,892,664 | |
Inter Parfums, Inc. | 10,839 | 195,861 | |
Mannatech, Inc. (a) | 6,969 | 13,450 | |
MediFast, Inc. (a)(d) | 11,894 | 275,227 | |
Nu Skin Enterprises, Inc. Class A | 48,093 | 1,535,129 | |
Prestige Brands Holdings, Inc. (a) | 32,209 | 354,943 | |
Revlon, Inc. (a) | 16,246 | 242,715 | |
Schiff Nutrition International, Inc. | 13,750 | 117,838 | |
USANA Health Sciences, Inc. (a)(d) | 6,205 | 216,058 | |
| 28,115,017 | ||
Tobacco - 1.3% | |||
Alliance One International, Inc. (a)(d) | 104,053 | 377,712 | |
Altria Group, Inc. | 1,666,546 | 42,280,272 | |
Lorillard, Inc. | 115,244 | 8,847,282 | |
Philip Morris International, Inc. | 1,466,302 | 92,054,440 | |
Reynolds American, Inc. | 263,923 | 9,057,837 | |
Star Scientific, Inc. (a)(d) | 56,989 | 102,580 | |
Universal Corp. (d) | 18,429 | 770,701 | |
Vector Group Ltd. (d) | 26,614 | 449,510 | |
| 153,940,334 | ||
TOTAL CONSUMER STAPLES | 1,038,609,902 | ||
ENERGY - 11.9% | |||
Energy Equipment & Services - 2.5% | |||
Atwood Oceanics, Inc. (a)(d) | 44,460 | 2,023,819 | |
Baker Hughes, Inc. | 338,771 | 24,069,680 | |
Basic Energy Services, Inc. (a)(d) | 29,402 | 563,930 | |
Bristow Group, Inc. (a)(d) | 26,059 | 1,248,747 | |
Bronco Drilling Co., Inc. (a) | 23,244 | 208,034 | |
Cal Dive International, Inc. (a)(d) | 86,617 | 595,925 | |
Cameron International Corp. (a) | 191,525 | 11,324,873 | |
Carbo Ceramics, Inc. (d) | 17,271 | 2,141,086 | |
Complete Production Services, Inc. (a) | 59,235 | 1,706,560 | |
Dawson Geophysical Co. (a)(d) | 9,156 | 457,068 | |
Diamond Offshore Drilling, Inc. | 50,710 | 3,967,043 | |
Dresser-Rand Group, Inc. (a)(d) | 61,704 | 3,040,773 | |
Dril-Quip, Inc. (a)(d) | 22,873 | 1,754,359 | |
| |||
Shares | Value | ||
Exterran Holdings, Inc. (a)(d) | 50,379 | $ 1,143,603 | |
FMC Technologies, Inc. (a) | 94,268 | 8,865,905 | |
Global Geophysical Services, Inc. (a) | 17,627 | 248,012 | |
Global Industries Ltd. (a)(d) | 92,739 | 832,796 | |
Gulf Island Fabrication, Inc. | 12,498 | 387,063 | |
Gulfmark Offshore, Inc. Class A (a) | 24,087 | 1,068,981 | |
Halliburton Co. | 723,267 | 33,950,153 | |
Helix Energy Solutions Group, Inc. (a)(d) | 77,302 | 1,190,451 | |
Helmerich & Payne, Inc. | 76,000 | 4,939,240 | |
Hercules Offshore, Inc. (a)(d) | 96,203 | 475,243 | |
Hornbeck Offshore Services, Inc. (a) | 33,678 | 956,792 | |
ION Geophysical Corp. (a)(d) | 101,992 | 1,307,537 | |
Key Energy Services, Inc. (a)(d) | 111,897 | 1,734,404 | |
Lufkin Industries, Inc. | 27,828 | 2,174,758 | |
Matrix Service Co. (a) | 22,497 | 314,058 | |
McDermott International, Inc. (a) | 195,554 | 4,487,964 | |
Mitcham Industries, Inc. (a) | 1,791 | 19,844 | |
Nabors Industries Ltd. (a) | 221,789 | 6,314,333 | |
National Oilwell Varco, Inc. | 333,321 | 26,522,352 | |
Natural Gas Services Group, Inc. (a) | 22,504 | 435,227 | |
Newpark Resources, Inc. (a)(d) | 99,384 | 693,700 | |
Noble Corp. | 202,739 | 9,064,461 | |
Oceaneering International, Inc. (a) | 41,676 | 3,485,364 | |
Oil States International, Inc. (a)(d) | 41,683 | 3,034,106 | |
OYO Geospace Corp. (a)(d) | 2,440 | 248,099 | |
Parker Drilling Co. (a)(d) | 77,885 | 409,675 | |
Patterson-UTI Energy, Inc. | 120,755 | 3,301,442 | |
PHI, Inc. (non-vtg.) (a) | 17,859 | 383,969 | |
Pioneer Drilling Co. (a) | 54,390 | 615,695 | |
Pride International, Inc. (a) | 125,000 | 5,188,750 | |
RigNet, Inc. | 8,698 | 127,861 | |
Rowan Companies, Inc. (a) | 98,000 | 4,181,660 | |
RPC, Inc. (d) | 33,662 | 659,102 | |
Schlumberger Ltd. | 1,090,664 | 101,889,831 | |
SEACOR Holdings, Inc. | 18,244 | 1,728,984 | |
Superior Energy Services, Inc. (a) | 60,098 | 2,302,354 | |
Tesco Corp. (a)(d) | 29,100 | 535,149 | |
TETRA Technologies, Inc. (a) | 58,187 | 803,562 | |
Tidewater, Inc. | 40,000 | 2,488,400 | |
Union Drilling, Inc. (a) | 1,488 | 11,517 | |
Unit Corp. (a)(d) | 36,543 | 2,174,309 | |
Weatherford International Ltd. (a) | 582,317 | 14,080,425 | |
Willbros Group, Inc. (a) | 30,833 | 350,263 | |
| 308,229,291 | ||
Oil, Gas & Consumable Fuels - 9.4% | |||
Abraxas Petroleum Corp. (a)(d) | 65,966 | 393,817 | |
Alon USA Energy, Inc. | 10,971 | 121,559 | |
Alpha Natural Resources, Inc. (a)(d) | 94,101 | 5,102,156 | |
Amyris, Inc. (d) | 4,500 | 146,205 | |
Anadarko Petroleum Corp. | 393,890 | 32,232,019 | |
Apache Corp. | 290,763 | 36,234,885 | |
Approach Resources, Inc. (a) | 12,800 | 416,640 | |
Arch Coal, Inc. | 127,301 | 4,268,403 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Atlas Energy, Inc. | 57,668 | $ 1 | |
ATP Oil & Gas Corp. (a)(d) | 41,774 | 848,430 | |
Berry Petroleum Co. Class A (d) | 37,030 | 1,925,190 | |
Bill Barrett Corp. (a)(d) | 31,882 | 1,239,572 | |
BPZ Energy, Inc. (a)(d) | 90,823 | 590,350 | |
Brigham Exploration Co. (a)(d) | 95,630 | 3,498,145 | |
Cabot Oil & Gas Corp. | 77,842 | 3,554,266 | |
Callon Petroleum Co. (a) | 36,641 | 307,052 | |
Carrizo Oil & Gas, Inc. (a)(d) | 28,358 | 1,055,485 | |
Cheniere Energy, Inc. (a)(d) | 54,724 | 568,035 | |
Chesapeake Energy Corp. (d) | 514,458 | 18,319,849 | |
Chevron Corp. | 1,602,853 | 166,295,999 | |
Cimarex Energy Co. | 65,317 | 7,585,263 | |
Clayton Williams Energy, Inc. (a) | 9,020 | 956,842 | |
Clean Energy Fuels Corp. (a)(d) | 35,651 | 500,540 | |
Cloud Peak Energy, Inc. (a) | 44,056 | 903,148 | |
Cobalt International Energy, Inc. (a) | 145,700 | 2,281,662 | |
Comstock Resources, Inc. (a)(d) | 34,313 | 911,010 | |
Concho Resources, Inc. (a)(d) | 73,090 | 7,785,547 | |
ConocoPhillips | 1,109,081 | 86,364,137 | |
CONSOL Energy, Inc. | 180,000 | 9,127,800 | |
Contango Oil & Gas Co. (a)(d) | 22,189 | 1,359,742 | |
Continental Resources, Inc. (a)(d) | 25,537 | 1,775,588 | |
Crosstex Energy, Inc. (d) | 53,417 | 549,127 | |
CVR Energy, Inc. (a) | 57,262 | 1,082,252 | |
Delek US Holdings, Inc. | 38,177 | 429,491 | |
Delta Petroleum Corp. (a)(d) | 221,863 | 259,580 | |
Denbury Resources, Inc. (a) | 309,922 | 7,509,410 | |
Devon Energy Corp. | 327,184 | 29,917,705 | |
DHT Holdings, Inc. (d) | 69,764 | 324,403 | |
El Paso Corp. | 551,750 | 10,262,550 | |
Endeavor International Corp. (a)(d) | 9,943 | 134,330 | |
Energy Partners Ltd. (a) | 16,192 | 265,063 | |
EOG Resources, Inc. | 200,070 | 22,469,862 | |
EQT Corp. | 117,000 | 5,768,100 | |
Evergreen Energy, Inc. (a)(d) | 31,033 | 114,201 | |
EXCO Resources, Inc. (d) | 130,680 | 2,675,020 | |
Exxon Mobil Corp. | 4,029,615 | 344,652,933 | |
Forest Oil Corp. (a)(d) | 86,764 | 3,079,254 | |
Frontier Oil Corp. | 82,000 | 2,287,800 | |
FX Energy, Inc. (a)(d) | 22,198 | 254,389 | |
Gasco Energy, Inc. (a) | 113,818 | 60,893 | |
Gastar Exploration Ltd. (a) | 42,275 | 209,261 | |
General Maritime Corp. (d) | 67,360 | 188,608 | |
Georesources, Inc. (a) | 10,223 | 321,718 | |
Gevo, Inc. (a) | 5,780 | 113,924 | |
GMX Resources, Inc. (a)(d) | 86,977 | 451,411 | |
Goodrich Petroleum Corp. (a)(d) | 26,950 | 548,163 | |
Green Plains Renewable Energy, Inc. (a)(d) | 16,507 | 201,881 | |
Gulfport Energy Corp. (a)(d) | 19,316 | 571,560 | |
| |||
Shares | Value | ||
Harvest Natural Resources, Inc. (a)(d) | 38,697 | $ 576,585 | |
Hess Corp. | 234,726 | 20,428,204 | |
HKN, Inc. (a) | 68 | 231 | |
Holly Corp. | 32,459 | 1,854,707 | |
Houston American Energy Corp. (d) | 8,657 | 138,599 | |
Hyperdynamics Corp. (a)(d) | 111,810 | 608,246 | |
International Coal Group, Inc. (a)(d) | 136,765 | 1,349,871 | |
James River Coal Co. (a)(d) | 36,139 | 758,919 | |
Kinder Morgan Holding Co. LLC (d) | 80,058 | 2,441,769 | |
Kodiak Oil & Gas Corp. (a) | 133,748 | 1,012,472 | |
Magellan Petroleum Corp. (a) | 41,755 | 113,156 | |
Magnum Hunter Resources Corp. (a)(d) | 44,502 | 318,634 | |
Marathon Oil Corp. | 564,286 | 27,988,586 | |
Massey Energy Co. | 81,679 | 5,172,731 | |
McMoRan Exploration Co. (a)(d) | 78,847 | 1,379,823 | |
Murphy Oil Corp. | 161,803 | 11,897,375 | |
Newfield Exploration Co. (a) | 104,259 | 7,589,013 | |
Noble Energy, Inc. | 136,427 | 12,641,326 | |
Northern Oil & Gas, Inc. (a)(d) | 40,341 | 1,281,634 | |
Oasis Petroleum, Inc. (a)(d) | 32,610 | 1,125,697 | |
Occidental Petroleum Corp. | 648,203 | 66,097,260 | |
Overseas Shipholding Group, Inc. (d) | 20,609 | 695,760 | |
Pacific Ethanol, Inc. (a)(d) | 101,720 | 69,170 | |
Patriot Coal Corp. (a)(d) | 73,538 | 1,735,497 | |
Peabody Energy Corp. | 212,025 | 13,885,517 | |
Penn Virginia Corp. | 47,991 | 780,814 | |
Petrohawk Energy Corp. (a) | 232,177 | 5,015,023 | |
Petroleum Development Corp. (a)(d) | 26,343 | 1,236,277 | |
Petroquest Energy, Inc. (a)(d) | 94,504 | 814,624 | |
Pioneer Natural Resources Co. | 76,752 | 7,854,800 | |
Plains Exploration & Production Co. (a)(d) | 109,334 | 4,282,613 | |
QEP Resources, Inc. | 135,525 | 5,360,014 | |
Quicksilver Resources, Inc. (a) | 108,843 | 1,685,978 | |
Range Resources Corp. | 123,069 | 6,682,647 | |
Rentech, Inc. (a)(d) | 148,574 | 190,175 | |
Resolute Energy Corp. (a)(d) | 31,183 | 565,348 | |
Rex American Resources Corp. (a) | 3,513 | 51,536 | |
Rex Energy Corp. (a) | 22,084 | 278,258 | |
Rosetta Resources, Inc. (a)(d) | 40,250 | 1,825,740 | |
SandRidge Energy, Inc. (a)(d) | 304,219 | 3,288,607 | |
SemGroup Corp. Class A (a) | 25,000 | 802,750 | |
Ship Finance International Ltd. (NY Shares) | 36,305 | 754,781 | |
SM Energy Co. (d) | 47,436 | 3,437,687 | |
Southern Union Co. (d) | 95,245 | 2,716,387 | |
Southwestern Energy Co. (a) | 270,991 | 10,698,725 | |
Spectra Energy Corp. | 512,650 | 13,713,388 | |
Stone Energy Corp. (a)(d) | 36,595 | 1,108,097 | |
Sunoco, Inc. | 92,131 | 3,856,604 | |
Swift Energy Co. (a) | 30,972 | 1,330,247 | |
Syntroleum Corp. (a)(d) | 28,735 | 46,263 | |
Targa Resources Corp. | 10,000 | 327,700 | |
Teekay Corp. (d) | 38,589 | 1,327,847 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Tesoro Corp. (a)(d) | 115,199 | $ 2,739,432 | |
Toreador Resources Corp. (a)(d) | 22,602 | 342,872 | |
Ultra Petroleum Corp. (a) | 114,044 | 5,171,895 | |
Uranium Energy Corp. (a)(d) | 63,915 | 364,316 | |
Uranium Resources, Inc. (a)(d) | 97,363 | 275,537 | |
USEC, Inc. (a)(d) | 96,626 | 514,050 | |
Vaalco Energy, Inc. (a) | 79,391 | 636,716 | |
Valero Energy Corp. | 440,000 | 12,399,200 | |
Venoco, Inc. (a) | 15,290 | 282,101 | |
Verenium Corp. (a) | 607 | 1,985 | |
W&T Offshore, Inc. | 39,324 | 1,003,942 | |
Warren Resources, Inc. (a)(d) | 56,910 | 279,997 | |
Western Refining, Inc. (a)(d) | 37,718 | 613,672 | |
Westmoreland Coal Co. (a) | 6,000 | 81,600 | |
Whiting Petroleum Corp. (a) | 89,876 | 5,872,498 | |
Williams Companies, Inc. | 459,384 | 13,946,898 | |
World Fuel Services Corp. (d) | 52,000 | 2,154,880 | |
| 1,139,247,529 | ||
TOTAL ENERGY | 1,447,476,820 | ||
FINANCIALS - 16.6% | |||
Capital Markets - 2.3% | |||
Affiliated Managers Group, Inc. (a)(d) | 39,829 | 4,251,746 | |
Ameriprise Financial, Inc. | 199,334 | 12,621,829 | |
Arlington Asset Investment Corp. | 10,715 | 300,663 | |
Artio Global Investors, Inc. Class A | 26,178 | 414,921 | |
Bank of New York Mellon Corp. | 969,332 | 29,457,999 | |
BGC Partners, Inc. Class A (d) | 66,078 | 631,706 | |
BlackRock, Inc. Class A | 76,580 | 15,621,554 | |
Calamos Asset Management, Inc. Class A | 25,805 | 427,847 | |
Charles Schwab Corp. | 767,970 | 14,568,391 | |
Cohen & Steers, Inc. (d) | 20,212 | 590,190 | |
Cowen Group, Inc. Class A (a) | 17,367 | 74,331 | |
Deerfield Capital Corp. (a) | 4,533 | 29,329 | |
Duff & Phelps Corp. Class A | 14,998 | 236,219 | |
E*TRADE Financial Corp. (a) | 155,201 | 2,480,112 | |
Eaton Vance Corp. (non-vtg.) | 91,010 | 2,848,613 | |
Evercore Partners, Inc. Class A | 15,609 | 538,198 | |
FBR Capital Markets Corp. (a)(d) | 41,772 | 155,392 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 78,952 | 2,175,917 | |
Financial Engines, Inc. (a) | 21,430 | 523,106 | |
Franklin Resources, Inc. | 121,990 | 15,324,384 | |
FXCM, Inc. Class A | 16,595 | 188,851 | |
GAMCO Investors, Inc. Class A | 7,076 | 328,609 | |
GFI Group, Inc. | 80,788 | 403,940 | |
Gleacher & Co., Inc. (a)(d) | 42,081 | 80,796 | |
Goldman Sachs Group, Inc. | 345,310 | 56,554,872 | |
| |||
Shares | Value | ||
Greenhill & Co., Inc. (d) | 22,710 | $ 1,631,259 | |
HFF, Inc. (a)(d) | 17,002 | 224,426 | |
International Assets Holding Corp. (a)(d) | 6,495 | 157,244 | |
Internet Capital Group, Inc. (a)(d) | 38,165 | 522,479 | |
Invesco Ltd. | 366,263 | 9,830,499 | |
Investment Technology Group, Inc. (a) | 36,048 | 690,319 | |
Janus Capital Group, Inc. | 156,245 | 2,098,370 | |
Jefferies Group, Inc. | 90,236 | 2,171,078 | |
JMP Group, Inc. | 3,457 | 29,523 | |
KBW, Inc. | 25,676 | 657,049 | |
Knight Capital Group, Inc. Class A (a)(d) | 74,358 | 1,041,756 | |
LaBranche & Co., Inc. (a)(d) | 68,828 | 289,078 | |
Ladenburg Thalmann Financial Services, Inc. (a) | 1,908 | 2,003 | |
Legg Mason, Inc. | 115,225 | 4,176,906 | |
LPL Investment Holdings, Inc. | 11,190 | 376,096 | |
Medallion Financial Corp. | 100 | 810 | |
MF Global Holdings Ltd. (a)(d) | 118,056 | 1,023,546 | |
Morgan Stanley | 1,104,554 | 32,783,163 | |
Northern Trust Corp. | 195,587 | 10,086,422 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 7,961 | 261,280 | |
optionsXpress Holdings, Inc. (d) | 43,413 | 703,725 | |
Paulson Capital Corp. (a) | 3,105 | 3,602 | |
Penson Worldwide, Inc. (a) | 22,876 | 150,524 | |
Piper Jaffray Companies (a)(d) | 16,738 | 688,769 | |
Raymond James Financial, Inc. | 80,871 | 3,098,977 | |
Safeguard Scientifics, Inc. (a)(d) | 27,743 | 582,048 | |
Sanders Morris Harris Group, Inc. | 28,032 | 197,065 | |
SEI Investments Co. (d) | 122,543 | 2,819,714 | |
State Street Corp. | 401,182 | 17,940,859 | |
Stifel Financial Corp. (a)(d) | 26,692 | 1,914,884 | |
SWS Group, Inc. | 28,138 | 151,664 | |
T. Rowe Price Group, Inc. | 206,440 | 13,827,351 | |
TD Ameritrade Holding Corp. (d) | 196,622 | 4,286,360 | |
Teton Advisors, Inc. (a) | 106 | 1,590 | |
TradeStation Group, Inc. (a)(d) | 56,768 | 382,049 | |
U.S. Global Investments, Inc. Class A | 8,884 | 69,562 | |
Virtus Investment Partners, Inc. (a) | 4,523 | 263,600 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,958 | 2,865,284 | |
Westwood Holdings Group, Inc. | 1,501 | 56,333 | |
| 278,886,781 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. | 10,000 | 195,700 | |
1st United Bancorp, Inc. (a) | 15,000 | 96,300 | |
ACNB Corp. | 4,408 | 67,442 | |
Alliance Financial Corp. | 3,000 | 95,190 | |
Ameris Bancorp | 16,909 | 170,612 | |
Arrow Financial Corp. | 11,279 | 282,426 | |
Associated Banc-Corp. (d) | 136,645 | 1,977,253 | |
BancFirst Corp. | 9,220 | 387,609 | |
BancorpSouth, Inc. (d) | 71,921 | 1,146,421 | |
BancTrust Financial Group, Inc. (a)(d) | 4,882 | 12,888 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Bank of Granite Corp. (a)(d) | 15,998 | $ 10,239 | |
Bank of Hawaii Corp. | 51,570 | 2,432,041 | |
Bank of the Ozarks, Inc. | 27,274 | 1,174,146 | |
Banner Corp. | 80,747 | 198,638 | |
Bar Harbor Bankshares | 3,125 | 90,781 | |
BB&T Corp. | 552,119 | 15,238,484 | |
BCB Bancorp, Inc. | 3,273 | 36,265 | |
BOK Financial Corp. (d) | 20,927 | 1,074,601 | |
Boston Private Financial Holdings, Inc. (d) | 58,029 | 411,426 | |
Bryn Mawr Bank Corp. | 7,149 | 149,772 | |
Capital City Bank Group, Inc. | 6,535 | 82,145 | |
CapitalSource, Inc. | 235,369 | 1,784,097 | |
Cardinal Financial Corp. | 10,620 | 118,201 | |
Cascade Bancorp (a)(d) | 1,796 | 16,649 | |
Cathay General Bancorp | 63,000 | 1,116,360 | |
Center Bancorp, Inc. (d) | 5,692 | 52,253 | |
Central Pacific Financial Corp. (a)(d) | 2,165 | 51,744 | |
Chemical Financial Corp. | 23,201 | 466,804 | |
CIT Group, Inc. (a) | 140,770 | 6,098,156 | |
Citizens & Northern Corp. | 10,210 | 160,399 | |
Citizens Banking Corp., Michigan (a)(d) | 281,585 | 236,785 | |
City Holding Co. (d) | 25,793 | 883,410 | |
City National Corp. | 38,448 | 2,264,972 | |
CoBiz, Inc. | 28,248 | 184,177 | |
Columbia Banking Systems, Inc. | 29,198 | 579,288 | |
Comerica, Inc. | 138,554 | 5,389,751 | |
Commerce Bancshares, Inc. | 63,332 | 2,543,413 | |
Community Bank System, Inc. | 31,618 | 795,509 | |
Community Capital Corp. (a) | 483 | 1,333 | |
Community Trust Bancorp, Inc. | 13,467 | 385,291 | |
Cullen/Frost Bankers, Inc. | 44,950 | 2,632,272 | |
CVB Financial Corp. (d) | 87,295 | 729,786 | |
Danvers Bancorp, Inc. | 21,111 | 461,064 | |
East West Bancorp, Inc. | 122,111 | 2,835,417 | |
Eastern Virgina Bankshares, Inc. | 955 | 3,715 | |
Enterprise Financial Services Corp. | 4,000 | 52,880 | |
Fidelity Southern Corp. | 3,634 | 30,816 | |
Fifth Third Bancorp | 730,314 | 10,662,584 | |
Financial Institutions, Inc. | 2,005 | 38,676 | |
First Bancorp, North Carolina | 10,694 | 157,630 | |
First Bancorp, Puerto Rico (a)(d) | 4,120 | 19,117 | |
First Busey Corp. (d) | 42,707 | 216,524 | |
First Citizen Bancshares, Inc. | 4,700 | 949,400 | |
First Commonwealth Financial Corp. (d) | 86,855 | 568,900 | |
First Community Bancshares, Inc. | 8,000 | 98,480 | |
First Financial Bancorp, Ohio | 45,155 | 764,474 | |
First Financial Bankshares, Inc. (d) | 23,918 | 1,200,684 | |
First Financial Corp., Indiana | 10,280 | 333,175 | |
First Horizon National Corp. | 201,971 | 2,322,667 | |
First Interstate Bancsystem, Inc. | 5,000 | 71,425 | |
First M&F Corp. | 2,524 | 9,692 | |
| |||
Shares | Value | ||
First Merchants Corp. | 29,096 | $ 258,663 | |
First Midwest Bancorp, Inc., Delaware (d) | 63,633 | 768,050 | |
First Republic Bank (d) | 9,000 | 263,250 | |
First United Corp. | 3,511 | 12,815 | |
FirstMerit Corp. | 83,421 | 1,422,328 | |
FNB Corp., North Carolina (a)(d) | 2,866 | 1,003 | |
FNB Corp., Pennsylvania | 100,799 | 1,011,014 | |
Fulton Financial Corp. | 155,049 | 1,688,484 | |
Glacier Bancorp, Inc. | 73,313 | 1,145,882 | |
Great Southern Bancorp, Inc. | 7,927 | 169,876 | |
Green Bankshares, Inc. (a)(d) | 8,074 | 27,694 | |
Guaranty Bancorp (a) | 16,227 | 20,608 | |
Hampton Roads Bankshares, Inc. (a) | 200,000 | 190,000 | |
Hancock Holding Co. (d) | 29,737 | 1,030,982 | |
Hanmi Financial Corp. (a)(d) | 244,842 | 306,053 | |
Hawthorn Bancshares, Inc. | 1,549 | 13,662 | |
Heartland Financial USA, Inc. | 8,001 | 135,777 | |
Heritage Commerce Corp. (a) | 17,114 | 77,355 | |
Heritage Financial Corp., Washington (a) | 14,852 | 222,186 | |
Home Bancshares, Inc. | 29,199 | 657,853 | |
Hudson Valley Holding Corp. | 6,330 | 134,956 | |
Huntington Bancshares, Inc. | 672,568 | 4,600,365 | |
IBERIABANK Corp. (d) | 22,732 | 1,302,316 | |
Independent Bank Corp. (a) | 1,331 | 5,191 | |
Independent Bank Corp., Massachusetts (d) | 30,181 | 820,621 | |
Integra Bank Corp. (a)(d) | 11,329 | 3,399 | |
International Bancshares Corp. | 45,000 | 859,050 | |
Intervest Bancshares Corp. Class A (a) | 7,165 | 19,560 | |
Investors Bancorp, Inc. (a) | 47,394 | 641,715 | |
KeyCorp | 695,390 | 6,355,865 | |
Lakeland Bancorp, Inc. | 10,500 | 101,115 | |
Lakeland Financial Corp. | 11,837 | 265,386 | |
M&T Bank Corp. | 89,148 | 7,849,481 | |
Macatawa Bank Corp. (a)(d) | 13,284 | 49,948 | |
MainSource Financial Group, Inc. | 8,776 | 87,233 | |
Marshall & Ilsley Corp. | 431,599 | 3,353,524 | |
MB Financial, Inc. | 44,667 | 918,800 | |
MBT Financial Corp. (a)(d) | 1,800 | 3,114 | |
Merchants Bancshares, Inc. | 4,149 | 105,800 | |
Metro Bancorp, Inc. (a) | 13,444 | 164,823 | |
Midsouth Bancorp, Inc. | 4,009 | 56,888 | |
Nara Bancorp, Inc. (a)(d) | 35,918 | 376,421 | |
National Penn Bancshares, Inc. (d) | 140,507 | 1,115,626 | |
NBT Bancorp, Inc. | 39,420 | 877,095 | |
NewBridge Bancorp (a) | 8,389 | 43,036 | |
North Valley Bancorp (a) | 988 | 10,394 | |
Northern States Financial Corp. (a)(d) | 1,314 | 2,247 | |
Northrim Bancorp, Inc. | 3,414 | 63,398 | |
Old National Bancorp, Indiana | 71,743 | 803,522 | |
Old Second Bancorp, Inc. (d) | 21,643 | 22,292 | |
OmniAmerican Bancorp, Inc. (a) | 8,000 | 125,360 | |
Oriental Financial Group, Inc. | 28,148 | 336,932 | |
Pacific Capital Bancorp NA (a)(d) | 4,159 | 120,320 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Pacific Premier Bancorp, Inc. (a) | 40 | $ 274 | |
PacWest Bancorp | 37,815 | 783,149 | |
Park National Corp. | 10,079 | 663,501 | |
Peoples Bancorp, Inc. | 1,660 | 22,427 | |
Peoples Financial Corp., Mississippi | 3,102 | 51,586 | |
Pinnacle Financial Partners, Inc. (a)(d) | 34,998 | 558,218 | |
PNC Financial Services Group, Inc. | 421,885 | 26,030,305 | |
Popular, Inc. (a) | 800,000 | 2,600,000 | |
Preferred Bank, Los Angeles California (a) | 6,582 | 9,939 | |
Premier Financial Bancorp, Inc. | 134 | 909 | |
Princeton National Bancorp, Inc. (a)(d) | 2,956 | 16,583 | |
PrivateBancorp, Inc. (d) | 58,654 | 839,925 | |
Prosperity Bancshares, Inc. (d) | 38,585 | 1,575,040 | |
Regions Financial Corp. | 986,867 | 7,539,664 | |
Renasant Corp. (d) | 26,193 | 420,922 | |
Republic Bancorp, Inc., Kentucky Class A (d) | 21,178 | 362,991 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 3,140 | 5,605 | |
S&T Bancorp, Inc. | 33,224 | 740,895 | |
S.Y. Bancorp, Inc. | 7,621 | 189,001 | |
Sandy Spring Bancorp, Inc. | 14,605 | 278,809 | |
SCBT Financial Corp. | 12,206 | 395,352 | |
Seacoast Banking Corp., Florida (a)(d) | 15,254 | 25,017 | |
Shore Bancshares, Inc. | 3,440 | 34,331 | |
Signature Bank, New York (a)(d) | 34,658 | 1,798,404 | |
Simmons First National Corp. Class A (d) | 12,739 | 366,628 | |
Southside Bancshares, Inc. (d) | 10,593 | 241,626 | |
Southwest Bancorp, Inc., Oklahoma (a) | 17,968 | 255,685 | |
State Bancorp, Inc., New York | 4,423 | 46,530 | |
StellarOne Corp. | 13,915 | 204,968 | |
Sterling Bancorp, New York | 19,177 | 192,537 | |
Sterling Bancshares, Inc. | 95,935 | 868,212 | |
Sterling Financial Corp., Washington (a)(d) | 6,738 | 114,546 | |
Suffolk Bancorp (d) | 11,495 | 236,682 | |
Sun Bancorp, Inc., New Jersey (a)(d) | 3,985 | 17,454 | |
SunTrust Banks, Inc. | 397,566 | 11,994,566 | |
Superior Bancorp (a)(d) | 3,571 | 1,857 | |
Susquehanna Bancshares, Inc. (d) | 119,983 | 1,147,037 | |
SVB Financial Group (a)(d) | 33,142 | 1,795,634 | |
Synovus Financial Corp. | 602,626 | 1,536,696 | |
Taylor Capital Group, Inc. (a)(d) | 9,945 | 106,014 | |
TCF Financial Corp. | 104,758 | 1,700,222 | |
Texas Capital Bancshares, Inc. (a)(d) | 37,386 | 943,623 | |
TIB Financial Corp. (a)(d) | 250 | 4,875 | |
Tompkins Financial Corp. | 7,085 | 290,485 | |
Tower Bancorp, Inc. | 11,446 | 262,457 | |
TowneBank (d) | 21,000 | 312,690 | |
Trico Bancshares (d) | 14,031 | 227,723 | |
Trustmark Corp. | 48,414 | 1,135,308 | |
| |||
Shares | Value | ||
U.S. Bancorp, Delaware | 1,534,324 | $ 42,546,805 | |
UMB Financial Corp. | 26,040 | 1,038,475 | |
Umpqua Holdings Corp. | 103,930 | 1,188,959 | |
Union/First Market Bankshares Corp. | 12,420 | 142,954 | |
United Bankshares, Inc., West Virginia (d) | 33,000 | 945,120 | |
United Community Banks, Inc., Georgia (a) | 79,388 | 108,762 | |
Univest Corp. of Pennsylvania | 4,000 | 72,160 | |
Valley National Bancorp (d) | 130,000 | 1,771,900 | |
Virginia Commerce Bancorp, Inc. (a)(d) | 31,207 | 184,121 | |
VIST Financial Corp. | 1,594 | 14,266 | |
Washington Banking Co., Oak Harbor | 6,532 | 92,101 | |
Washington Trust Bancorp, Inc. | 11,301 | 259,697 | |
Webster Financial Corp. | 61,869 | 1,434,123 | |
Wells Fargo & Co. | 3,984,198 | 128,530,227 | |
WesBanco, Inc. | 21,326 | 444,434 | |
West Coast Bancorp (a)(d) | 40,219 | 135,538 | |
Westamerica Bancorp. | 24,429 | 1,260,048 | |
Western Alliance Bancorp. (a) | 56,306 | 456,642 | |
Whitney Holding Corp. | 89,467 | 1,268,642 | |
Wilmington Trust Corp., Delaware | 66,212 | 297,292 | |
Wilshire Bancorp, Inc. (d) | 23,232 | 153,564 | |
Wintrust Financial Corp. | 29,600 | 993,968 | |
Zions Bancorporation | 134,784 | 3,148,554 | |
| 369,072,931 | ||
Consumer Finance - 0.6% | |||
Advance America Cash Advance Centers, Inc. | 28,794 | 154,912 | |
American Express Co. | 852,552 | 37,145,691 | |
Capital One Financial Corp. | 364,175 | 18,124,990 | |
Cash America International, Inc. (d) | 24,883 | 1,062,753 | |
CompuCredit Holdings Corp. (a)(d) | 12,844 | 85,541 | |
Consumer Portfolio Services, Inc. (a) | 2,866 | 3,583 | |
Credit Acceptance Corp. (a)(d) | 4,022 | 283,953 | |
Discover Financial Services | 430,878 | 9,371,597 | |
Dollar Financial Corp. (a)(d) | 31,121 | 665,678 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 38,049 | 1,091,245 | |
First Cash Financial Services, Inc. (a)(d) | 23,673 | 775,054 | |
First Marblehead Corp. (a)(d) | 60,351 | 140,618 | |
Green Dot Corp. Class A (d) | 6,598 | 344,482 | |
Imperial Holdings, Inc. (a) | 13,442 | 147,055 | |
Nelnet, Inc. Class A | 25,839 | 576,985 | |
Netspend Holdings, Inc. | 13,348 | 174,992 | |
SLM Corp. (a) | 385,259 | 5,709,538 | |
World Acceptance Corp. (a)(d) | 17,760 | 1,062,226 | |
| 76,920,893 | ||
Diversified Financial Services - 3.5% | |||
Asset Acceptance Capital Corp. (a)(d) | 7,523 | 44,235 | |
Asta Funding, Inc. | 5,197 | 44,954 | |
Bank of America Corp. | 7,933,735 | 113,373,073 | |
CBOE Holdings, Inc. | 9,477 | 280,424 | |
Citigroup, Inc. (a) | 23,136,334 | 108,278,043 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Diversified Financial Services - continued | |||
CME Group, Inc. | 53,864 | $ 16,766,786 | |
Compass Diversified Holdings (d) | 24,160 | 391,634 | |
Encore Capital Group, Inc. (a)(d) | 11,268 | 306,828 | |
Gain Capital Holdings, Inc. | 12,604 | 97,555 | |
Interactive Brokers Group, Inc. | 41,838 | 646,397 | |
IntercontinentalExchange, Inc. (a) | 57,910 | 7,424,062 | |
JPMorgan Chase & Co. | 3,128,964 | 146,091,329 | |
Leucadia National Corp. | 149,614 | 4,956,712 | |
Life Partners Holdings, Inc. (d) | 21,716 | 179,374 | |
MarketAxess Holdings, Inc. | 26,498 | 566,792 | |
Marlin Business Services Corp. (a) | 13,466 | 149,473 | |
MicroFinancial, Inc. | 100 | 478 | |
Moody's Corp. | 157,942 | 5,038,350 | |
MSCI, Inc. Class A (a)(d) | 92,862 | 3,296,601 | |
NewStar Financial, Inc. (a) | 20,000 | 211,800 | |
NYSE Euronext | 204,464 | 7,565,168 | |
PHH Corp. (a)(d) | 52,500 | 1,295,700 | |
PICO Holdings, Inc. (a)(d) | 19,316 | 573,878 | |
Portfolio Recovery Associates, Inc. (a) | 13,913 | 1,159,649 | |
Resource America, Inc. Class A | 2,747 | 17,389 | |
The NASDAQ Stock Market, Inc. (a) | 124,161 | 3,552,246 | |
| 422,308,930 | ||
Insurance - 4.0% | |||
21st Century Holding Co. | 1,486 | 4,948 | |
ACE Ltd. | 268,150 | 16,960,488 | |
AFLAC, Inc. | 373,218 | 21,967,611 | |
Alleghany Corp. | 5,797 | 1,975,328 | |
Allied World Assurance Co. Holdings Ltd. | 32,622 | 2,013,104 | |
Allstate Corp. | 400,006 | 12,712,191 | |
American Equity Investment Life Holding Co. (d) | 59,688 | 787,882 | |
American Financial Group, Inc. | 56,882 | 1,969,824 | |
American Independence Corp. (a) | 587 | 3,082 | |
American International Group, Inc. (a)(d) | 98,067 | 3,634,363 | |
American National Insurance Co. | 12,119 | 984,911 | |
Amerisafe, Inc. (a) | 26,805 | 535,028 | |
Amtrust Financial Services, Inc. (d) | 27,691 | 532,498 | |
Aon Corp. | 233,854 | 12,310,075 | |
Arch Capital Group Ltd. (a)(d) | 36,093 | 3,266,417 | |
Argo Group International Holdings, Ltd. | 30,409 | 1,158,279 | |
Arthur J. Gallagher & Co. | 81,950 | 2,573,230 | |
Aspen Insurance Holdings Ltd. (d) | 52,864 | 1,562,131 | |
Assurant, Inc. | 85,940 | 3,491,742 | |
Assured Guaranty Ltd. | 133,163 | 1,934,858 | |
Axis Capital Holdings Ltd. | 88,537 | 3,215,664 | |
Baldwin & Lyons, Inc. Class B | 4,120 | 100,487 | |
Berkshire Hathaway, Inc. Class B (a) | 1,529,043 | 133,454,873 | |
Brown & Brown, Inc. | 92,624 | 2,421,191 | |
Cincinnati Financial Corp. (d) | 117,516 | 4,001,420 | |
Citizens, Inc. Class A (a)(d) | 10,251 | 76,472 | |
| |||
Shares | Value | ||
CNA Financial Corp. | 15,858 | $ 466,860 | |
CNA Surety Corp. (a) | 10,202 | 257,907 | |
CNO Financial Group, Inc. (a) | 192,391 | 1,392,911 | |
Crawford & Co. Class B | 12,173 | 53,561 | |
Delphi Financial Group, Inc. Class A | 36,189 | 1,120,411 | |
Donegal Group, Inc. Class A | 4,000 | 51,040 | |
eHealth, Inc. (a)(d) | 26,465 | 331,871 | |
EMC Insurance Group | 5,875 | 143,409 | |
Employers Holdings, Inc. | 42,267 | 850,412 | |
Endurance Specialty Holdings Ltd. (d) | 38,455 | 1,906,983 | |
Enstar Group Ltd. (a)(d) | 5,811 | 487,310 | |
Erie Indemnity Co. Class A | 22,876 | 1,597,660 | |
Everest Re Group Ltd. | 41,456 | 3,675,074 | |
FBL Financial Group, Inc. Class A | 15,106 | 471,911 | |
Fidelity National Financial, Inc. Class A | 162,508 | 2,250,736 | |
First Acceptance Corp. (a) | 4,717 | 8,538 | |
First American Financial Corp. | 116,084 | 1,829,484 | |
Flagstone Reinsurance Holdings Ltd. | 22,474 | 256,204 | |
Fortegra Financial Corp. (a) | 9,356 | 106,658 | |
FPIC Insurance Group, Inc. (a)(d) | 16,239 | 611,561 | |
Genworth Financial, Inc. Class A (a) | 381,393 | 5,045,829 | |
Global Indemnity PLC (a) | 15,947 | 355,618 | |
Greenlight Capital Re, Ltd. (a)(d) | 18,783 | 543,580 | |
Hanover Insurance Group, Inc. (d) | 33,881 | 1,574,450 | |
Harleysville Group, Inc. | 9,568 | 349,710 | |
Hartford Financial Services Group, Inc. | 350,791 | 10,383,414 | |
HCC Insurance Holdings, Inc. (d) | 82,771 | 2,577,489 | |
Hilltop Holdings, Inc. (a) | 49,607 | 480,196 | |
Horace Mann Educators Corp. | 44,112 | 747,698 | |
Independence Holding Co. | 2,923 | 24,758 | |
Infinity Property & Casualty Corp. | 15,555 | 944,344 | |
Investors Title Co. | 1,263 | 40,126 | |
Kansas City Life Insurance Co. | 1,314 | 44,860 | |
Lincoln National Corp. | 249,317 | 7,908,335 | |
Loews Corp. | 269,586 | 11,659,595 | |
Maiden Holdings Ltd. | 60,916 | 486,719 | |
Markel Corp. (a)(d) | 7,835 | 3,256,618 | |
Marsh & McLennan Companies, Inc. | 429,592 | 13,076,780 | |
MBIA, Inc. (a)(d) | 134,421 | 1,506,859 | |
Meadowbrook Insurance Group, Inc. (d) | 54,430 | 553,009 | |
Mercury General Corp. | 16,723 | 687,984 | |
MetLife, Inc. | 557,168 | 26,387,476 | |
Montpelier Re Holdings Ltd. (d) | 72,173 | 1,455,729 | |
National Financial Partners Corp. (a)(d) | 44,490 | 629,089 | |
National Security Group, Inc. | 1,845 | 24,465 | |
National Western Life Insurance Co. Class A | 1,133 | 198,139 | |
Navigators Group, Inc. (a)(d) | 12,414 | 651,238 | |
Old Republic International Corp. | 185,028 | 2,312,850 | |
OneBeacon Insurance Group Ltd. | 23,931 | 327,855 | |
PartnerRe Ltd. | 55,614 | 4,410,190 | |
Phoenix Companies, Inc. (a)(d) | 71,358 | 189,812 | |
Platinum Underwriters Holdings Ltd. | 38,282 | 1,596,359 | |
Presidential Life Corp. | 6,351 | 63,637 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Primerica, Inc. (d) | 14,313 | $ 368,703 | |
Principal Financial Group, Inc. | 236,559 | 8,104,511 | |
ProAssurance Corp. (a) | 25,095 | 1,589,266 | |
Progressive Corp. | 485,064 | 10,103,883 | |
Protective Life Corp. | 64,249 | 1,826,599 | |
Prudential Financial, Inc. | 387,848 | 25,532,034 | |
Reinsurance Group of America, Inc. | 73,923 | 4,464,210 | |
RenaissanceRe Holdings Ltd. | 44,781 | 3,001,223 | |
RLI Corp. | 15,165 | 870,623 | |
Safety Insurance Group, Inc. | 17,332 | 834,016 | |
SeaBright Insurance Holdings, Inc. | 44,303 | 466,511 | |
Selective Insurance Group, Inc. | 40,110 | 729,200 | |
StanCorp Financial Group, Inc. (d) | 43,542 | 2,002,932 | |
State Auto Financial Corp. | 7,238 | 125,073 | |
Stewart Information Services Corp. | 24,933 | 278,003 | |
Symetra Financial Corp. | 66,009 | 943,929 | |
The Chubb Corp. | 241,346 | 14,644,875 | |
The Travelers Companies, Inc. | 365,653 | 21,913,584 | |
Torchmark Corp. | 64,339 | 4,198,120 | |
Tower Group, Inc. (d) | 37,952 | 1,031,535 | |
Transatlantic Holdings, Inc. | 51,931 | 2,644,846 | |
Unico American Corp. | 4,102 | 38,969 | |
United Fire & Casualty Co. | 23,328 | 482,656 | |
Unitrin, Inc. | 41,693 | 1,221,188 | |
Universal Insurance Holdings, Inc. | 18,086 | 104,356 | |
Unum Group | 259,177 | 6,875,966 | |
Validus Holdings Ltd. | 56,912 | 1,761,426 | |
W.R. Berkley Corp. (d) | 98,803 | 2,959,150 | |
Wesco Financial Corp. | 707 | 276,550 | |
White Mountains Insurance Group Ltd. | 6,545 | 2,485,464 | |
XL Group PLC Class A | 249,983 | 5,837,103 | |
| 479,729,912 | ||
Real Estate Investment Trusts - 2.7% | |||
Acadia Realty Trust (SBI) (d) | 47,057 | 931,729 | |
Agree Realty Corp. (d) | 8,779 | 224,128 | |
Alexanders, Inc. | 2,552 | 1,009,903 | |
Alexandria Real Estate Equities, Inc. (d) | 42,174 | 3,382,355 | |
AMB Property Corp. (SBI) (d) | 128,160 | 4,662,461 | |
American Assets Trust, Inc. | 19,204 | 414,038 | |
American Campus Communities, Inc. | 55,800 | 1,864,836 | |
American Capital Agency Corp. (d) | 37,382 | 1,100,900 | |
Annaly Capital Management, Inc. | 613,844 | 11,006,223 | |
Anworth Mortgage Asset Corp. (d) | 145,796 | 1,040,983 | |
Apartment Investment & Management Co. Class A | 90,540 | 2,322,351 | |
Apollo Commercial Real Estate Finance, Inc. | 20,832 | 354,561 | |
Arbor Realty Trust, Inc. (a) | 16,496 | 117,452 | |
Armour Residential REIT, Inc. | 52,512 | 387,539 | |
Ashford Hospitality Trust, Inc. (d) | 78,987 | 814,356 | |
Associated Estates Realty Corp. | 30,533 | 496,161 | |
| |||
Shares | Value | ||
AvalonBay Communities, Inc. (d) | 66,000 | $ 7,987,980 | |
BioMed Realty Trust, Inc. | 99,284 | 1,802,005 | |
Boston Properties, Inc. (d) | 109,060 | 10,461,035 | |
Brandywine Realty Trust (SBI) (d) | 114,604 | 1,409,629 | |
BRE Properties, Inc. | 46,920 | 2,229,169 | |
BRT Realty Trust (a) | 6,477 | 41,841 | |
Camden Property Trust (SBI) (d) | 49,657 | 2,938,205 | |
Campus Crest Communities, Inc. | 22,696 | 325,007 | |
Capital Trust, Inc. Class A (a) | 10,158 | 28,646 | |
CapLease, Inc. | 46,274 | 248,491 | |
Capstead Mortgage Corp. (d) | 66,807 | 877,844 | |
CBL & Associates Properties, Inc. (d) | 122,516 | 2,186,911 | |
Cedar Shopping Centers, Inc. | 41,816 | 253,405 | |
Chesapeake Lodging Trust | 21,388 | 397,817 | |
Chimera Investment Corp. (d) | 780,032 | 3,361,938 | |
Cogdell Spencer, Inc. (d) | 34,366 | 220,286 | |
Colonial Properties Trust (SBI) | 71,025 | 1,399,903 | |
Colony Financial, Inc. | 13,410 | 284,963 | |
CommonWealth REIT | 55,801 | 1,602,047 | |
Coresite Realty Corp. | 18,058 | 280,621 | |
Corporate Office Properties Trust (SBI) (d) | 50,620 | 1,815,739 | |
Cousins Properties, Inc. | 99,501 | 843,768 | |
Crexus Investment Corp. | 10,069 | 132,911 | |
Cypress Sharpridge Investments, Inc. (d) | 42,317 | 527,270 | |
DCT Industrial Trust, Inc. (d) | 180,385 | 1,013,764 | |
Developers Diversified Realty Corp. | 147,197 | 2,104,917 | |
DiamondRock Hospitality Co. (a)(d) | 107,551 | 1,264,800 | |
Digital Realty Trust, Inc. (d) | 68,561 | 4,032,758 | |
Douglas Emmett, Inc. (d) | 104,380 | 1,957,125 | |
Duke Realty LP (d) | 196,312 | 2,762,110 | |
DuPont Fabros Technology, Inc. (d) | 45,229 | 1,104,492 | |
EastGroup Properties, Inc. (d) | 28,128 | 1,280,668 | |
Education Realty Trust, Inc. | 55,549 | 458,279 | |
Entertainment Properties Trust (SBI) (d) | 35,700 | 1,701,819 | |
Equity Lifestyle Properties, Inc. | 25,578 | 1,484,547 | |
Equity One, Inc. (d) | 39,132 | 748,986 | |
Equity Residential (SBI) | 223,940 | 12,341,333 | |
Essex Property Trust, Inc. (d) | 22,071 | 2,731,948 | |
Excel Trust, Inc. | 35,087 | 428,412 | |
Extra Space Storage, Inc. | 77,216 | 1,525,016 | |
Federal Realty Investment Trust (SBI) | 44,198 | 3,720,588 | |
FelCor Lodging Trust, Inc. (a)(d) | 96,391 | 729,680 | |
First Industrial Realty Trust, Inc. (a)(d) | 65,380 | 732,910 | |
First Potomac Realty Trust | 52,304 | 843,664 | |
Franklin Street Properties Corp. (d) | 67,924 | 1,020,898 | |
General Growth Properties, Inc. | 330,254 | 5,257,644 | |
Getty Realty Corp. (d) | 26,651 | 784,072 | |
Gladstone Commercial Corp. | 1,075 | 19,737 | |
Glimcher Realty Trust (d) | 77,230 | 710,516 | |
Government Properties Income Trust | 22,979 | 624,339 | |
Gramercy Capital Corp. (a)(d) | 15,559 | 81,840 | |
Hatteras Financial Corp. | 43,371 | 1,282,914 | |
HCP, Inc. (d) | 287,067 | 10,908,546 | |
Health Care REIT, Inc. (d) | 111,562 | 5,825,768 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Healthcare Realty Trust, Inc. (d) | 50,617 | $ 1,179,376 | |
Hersha Hospitality Trust | 146,447 | 962,157 | |
Highwoods Properties, Inc. (SBI) (d) | 50,921 | 1,727,750 | |
Home Properties, Inc. | 28,080 | 1,654,474 | |
Hospitality Properties Trust (SBI) | 92,295 | 2,122,785 | |
Host Hotels & Resorts, Inc. (d) | 514,488 | 9,466,579 | |
Hudson Pacific Properties, Inc. | 10,000 | 150,500 | |
Inland Real Estate Corp. | 68,617 | 646,372 | |
Institutional Financial Markets, Inc. (a)(d) | 8,005 | 41,146 | |
Invesco Mortgage Capital, Inc. | 42,453 | 990,853 | |
Investors Real Estate Trust | 81,254 | 757,287 | |
iStar Financial, Inc. (a)(d) | 83,192 | 831,088 | |
Kilroy Realty Corp. (d) | 46,235 | 1,791,606 | |
Kimco Realty Corp. | 309,676 | 6,001,521 | |
Kite Realty Group Trust | 35,429 | 199,820 | |
LaSalle Hotel Properties (SBI) | 51,383 | 1,449,514 | |
Lexington Corporate Properties Trust | 126,084 | 1,194,015 | |
Liberty Property Trust (SBI) (d) | 82,573 | 2,788,490 | |
LTC Properties, Inc. | 31,300 | 914,586 | |
Mack-Cali Realty Corp. | 54,500 | 1,849,730 | |
Medical Properties Trust, Inc. | 102,197 | 1,198,771 | |
MFA Financial, Inc. | 225,363 | 1,908,825 | |
Mid-America Apartment Communities, Inc. | 25,168 | 1,635,165 | |
Mission West Properties, Inc. | 21,235 | 145,460 | |
Monmouth Real Estate Investment Corp. Class A | 6,448 | 53,260 | |
MPG Office Trust, Inc. (a)(d) | 45,085 | 178,086 | |
National Health Investors, Inc. (d) | 21,217 | 1,008,232 | |
National Retail Properties, Inc. (d) | 59,502 | 1,528,606 | |
Nationwide Health Properties, Inc. | 103,491 | 4,423,205 | |
NorthStar Realty Finance Corp. | 106,156 | 635,874 | |
Omega Healthcare Investors, Inc. (d) | 74,486 | 1,785,429 | |
One Liberty Properties, Inc. | 13,099 | 194,913 | |
Parkway Properties, Inc. | 34,871 | 565,259 | |
Pebblebrook Hotel Trust | 28,263 | 620,090 | |
Pennsylvania Real Estate Investment Trust (SBI) | 63,690 | 919,684 | |
Pennymac Mortgage Investment Trust (d) | 28,180 | 531,193 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 107,070 | 2,141,400 | |
Plum Creek Timber Co., Inc. | 123,109 | 5,165,654 | |
Post Properties, Inc. (d) | 42,576 | 1,660,464 | |
Potlatch Corp. | 30,259 | 1,161,946 | |
ProLogis Trust | 446,763 | 7,264,366 | |
PS Business Parks, Inc. | 19,154 | 1,207,468 | |
Public Storage | 112,288 | 12,604,328 | |
RAIT Financial Trust (SBI) (d) | 74,227 | 253,856 | |
Ramco-Gershenson Properties Trust (SBI) (d) | 27,394 | 370,093 | |
Rayonier, Inc. | 57,591 | 3,532,056 | |
Realty Income Corp. | 85,414 | 3,072,342 | |
| |||
Shares | Value | ||
Redwood Trust, Inc. | 70,831 | $ 1,160,212 | |
Regency Centers Corp. (d) | 59,047 | 2,671,877 | |
Resource Capital Corp. | 19,474 | 144,302 | |
Sabra Health Care REIT, Inc. | 51,918 | 956,330 | |
Saul Centers, Inc. | 12,825 | 589,950 | |
Senior Housing Properties Trust (SBI) | 93,166 | 2,286,294 | |
Simon Property Group, Inc. | 234,981 | 25,857,309 | |
SL Green Realty Corp. | 59,980 | 4,542,285 | |
Sovran Self Storage, Inc. (d) | 25,331 | 982,843 | |
Starwood Property Trust, Inc. | 52,143 | 1,219,625 | |
Strategic Hotel & Resorts, Inc. (a)(d) | 140,584 | 913,796 | |
Sun Communities, Inc. (d) | 32,457 | 1,122,363 | |
Sunstone Hotel Investors, Inc. (a)(d) | 91,009 | 977,437 | |
Tanger Factory Outlet Centers, Inc. (d) | 67,332 | 1,794,398 | |
Taubman Centers, Inc. (d) | 41,298 | 2,291,213 | |
Terreno Realty Corp. | 12,752 | 233,744 | |
The Macerich Co. (d) | 100,053 | 5,066,684 | |
Transcontinental Realty Investors, Inc. (a) | 600 | 2,502 | |
Two Harbors Investment Corp. | 31,201 | 344,771 | |
U-Store-It Trust (d) | 65,664 | 673,056 | |
UDR, Inc. (d) | 133,938 | 3,257,372 | |
UMH Properties, Inc. | 5,458 | 56,545 | |
Universal Health Realty Income Trust (SBI) | 9,854 | 391,894 | |
Urstadt Biddle Properties, Inc. | 365 | 5,928 | |
Urstadt Biddle Properties, Inc. Class A | 30,152 | 584,647 | |
Ventas, Inc. | 121,464 | 6,731,535 | |
Vornado Realty Trust | 142,712 | 13,319,311 | |
Walter Investment Management Corp. | 20,501 | 401,615 | |
Washington (REIT) (SBI) | 47,678 | 1,489,461 | |
Weingarten Realty Investors (SBI) (d) | 90,424 | 2,339,269 | |
Weyerhaeuser Co. | 419,640 | 10,243,412 | |
Winthrop Realty Trust | 13,788 | 168,214 | |
| 326,577,365 | ||
Real Estate Management & Development - 0.2% | |||
Avatar Holdings, Inc. (a) | 7,198 | 153,317 | |
Brookfield Properties Corp. | 214,355 | 3,760,730 | |
CB Richard Ellis Group, Inc. Class A (a) | 234,337 | 5,867,798 | |
Consolidated-Tomoka Land Co. | 2,829 | 96,978 | |
Forest City Enterprises, Inc. Class A (a)(d) | 93,347 | 1,764,258 | |
Forestar Group, Inc. (a)(d) | 26,562 | 511,584 | |
Grubb & Ellis Co. (a)(d) | 43,653 | 48,018 | |
Howard Hughes Corp. (a) | 28,213 | 1,629,865 | |
Jones Lang LaSalle, Inc. | 32,006 | 3,150,031 | |
Kennedy-Wilson Holdings, Inc. (a)(d) | 24,000 | 264,000 | |
Maui Land & Pineapple, Inc. (a) | 300 | 2,211 | |
Tejon Ranch Co. (a)(d) | 13,194 | 347,134 | |
The St. Joe Co. (a)(d) | 69,658 | 1,865,441 | |
Thomas Properties Group, Inc. (a)(d) | 17,236 | 58,085 | |
| 19,519,450 | ||
Thrifts & Mortgage Finance - 0.3% | |||
Abington Bancorp, Inc. | 11,402 | 142,525 | |
Anchor BanCorp Wisconsin, Inc. (a)(d) | 23,617 | 25,506 | |
Astoria Financial Corp. (d) | 81,000 | 1,135,620 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Bank Mutual Corp. | 51,972 | $ 240,111 | |
BankAtlantic Bancorp, Inc. (non-vtg.) Class A (a)(d) | 2,150 | 2,236 | |
BankFinancial Corp. | 10,309 | 90,204 | |
BankUnited, Inc. | 21,177 | 600,368 | |
BCSB Bancorp, Inc. (a) | 1,892 | 23,953 | |
Beneficial Mutual Bancorp, Inc. (a)(d) | 40,486 | 364,374 | |
Berkshire Hills Bancorp, Inc. (d) | 10,481 | 236,451 | |
BofI Holding, Inc. (a)(d) | 10,143 | 153,362 | |
Brookline Bancorp, Inc., Delaware | 98,980 | 1,028,402 | |
Camco Financial Corp. (a) | 404 | 861 | |
Capitol Federal Financial, Inc. | 129,436 | 1,636,071 | |
CFS Bancorp, Inc. | 800 | 4,520 | |
Citizens South Banking Corp., Delaware | 4,679 | 22,459 | |
Clifton Savings Bancorp, Inc. | 17,436 | 198,770 | |
Dime Community Bancshares, Inc. | 60,349 | 936,616 | |
Doral Financial Corp. (a) | 1,074 | 1,418 | |
ESB Financial Corp. (d) | 6,022 | 83,465 | |
ESSA Bancorp, Inc. | 5,000 | 65,000 | |
Farmer Mac Class C (non-vtg.) | 7,000 | 139,510 | |
First Defiance Financial Corp. (a) | 3,662 | 51,268 | |
First Financial Holdings, Inc. | 7,180 | 76,539 | |
First Financial Service Corp. (a) | 2,933 | 11,996 | |
First Niagara Financial Group, Inc. (d) | 153,000 | 2,215,440 | |
First Place Financial Corp. (a)(d) | 7,637 | 24,820 | |
Flagstar Bancorp, Inc. (a) | 282,825 | 494,944 | |
Flushing Financial Corp. | 24,451 | 350,138 | |
Guaranty Federal Bancshares, Inc. (a) | 1,075 | 6,558 | |
HF Financial Corp. | 3,182 | 35,002 | |
Hingham Institution for Savings | 1,751 | 87,988 | |
Hudson City Bancorp, Inc. | 389,464 | 4,478,836 | |
Indiana Community Bancorp | 2,634 | 40,959 | |
Kaiser Federal Financial Group, Inc. | 8,500 | 114,665 | |
MGIC Investment Corp. (a)(d) | 151,018 | 1,297,245 | |
NASB Financial, Inc. (d) | 1,400 | 21,112 | |
New York Community Bancorp, Inc. | 337,657 | 6,300,680 | |
NewAlliance Bancshares, Inc. | 85,443 | 1,336,329 | |
Northwest Bancshares, Inc. | 86,194 | 1,046,395 | |
OceanFirst Financial Corp. | 6,806 | 94,331 | |
Ocwen Financial Corp. (a)(d) | 53,024 | 560,994 | |
Oritani Financial Corp. | 29,198 | 375,778 | |
Parkvale Financial Corp. | 597 | 6,621 | |
People's United Financial, Inc. | 298,295 | 3,931,528 | |
Provident Financial Holdings, Inc. | 1,612 | 13,492 | |
Provident Financial Services, Inc. (d) | 65,598 | 971,506 | |
Provident New York Bancorp | 51,443 | 487,680 | |
PVF Capital Corp. (a) | 13,862 | 27,585 | |
Radian Group, Inc. | 97,912 | 691,259 | |
Riverview Bancorp, Inc. (a) | 7,997 | 24,071 | |
Territorial Bancorp, Inc. | 10,000 | 197,900 | |
TF Financial Corp. | 1,984 | 40,692 | |
| |||
Shares | Value | ||
TFS Financial Corp. (d) | 93,938 | $ 975,076 | |
The PMI Group, Inc. (a)(d) | 92,179 | 272,850 | |
Timberland Bancorp, Inc. | 5,856 | 34,140 | |
Tree.com, Inc. (a) | 3,810 | 25,946 | |
Trustco Bank Corp., New York | 84,969 | 512,363 | |
United Community Financial Corp., Ohio (a) | 12,927 | 19,520 | |
ViewPoint Financial Group | 28,177 | 374,191 | |
Walker & Dunlop, Inc. | 12,742 | 155,580 | |
Washington Federal, Inc. | 92,827 | 1,649,536 | |
Westfield Financial, Inc. | 33,627 | 305,333 | |
WSFS Financial Corp. | 7,336 | 343,472 | |
| 37,214,160 | ||
TOTAL FINANCIALS | 2,010,230,422 | ||
HEALTH CARE - 10.9% | |||
Biotechnology - 1.5% | |||
Aastrom Biosciences, Inc. (a)(d) | 91,262 | 198,039 | |
Acadia Pharmaceuticals, Inc. (a) | 22,950 | 34,655 | |
Achillion Pharmaceuticals, Inc. (a) | 33,302 | 193,485 | |
Acorda Therapeutics, Inc. (a)(d) | 30,000 | 629,100 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 16,006 | 33,773 | |
Affymax, Inc. (a) | 48,191 | 307,459 | |
Agenus, Inc. (a)(d) | 5,388 | 4,903 | |
Alexion Pharmaceuticals, Inc. (a)(d) | 70,613 | 6,798,620 | |
Alkermes, Inc. (a) | 76,000 | 1,089,080 | |
Allos Therapeutics, Inc. (a)(d) | 86,420 | 288,643 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 32,109 | 352,557 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 30,416 | 559,959 | |
Amgen, Inc. (a) | 769,320 | 39,489,196 | |
Amylin Pharmaceuticals, Inc. (a)(d) | 103,288 | 1,580,306 | |
Anacor Pharmaceuticals, Inc. | 10,000 | 79,300 | |
Anadys Pharmaceuticals, Inc. (a) | 20,000 | 24,200 | |
Anthera Pharmaceuticals, Inc. (d) | 14,176 | 77,117 | |
Arena Pharmaceuticals, Inc. (a)(d) | 226,575 | 367,052 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 98,283 | 590,681 | |
ArQule, Inc. (a)(d) | 61,525 | 391,914 | |
Array Biopharma, Inc. (a)(d) | 66,004 | 184,811 | |
AVEO Pharmaceuticals, Inc. | 23,886 | 329,149 | |
AVI BioPharma, Inc. (a)(d) | 131,618 | 263,236 | |
Avigen, Inc. rights (a) | 1,600 | 0 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 33,140 | 143,828 | |
Biogen Idec, Inc. (a) | 181,936 | 12,444,422 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 85,226 | 2,084,628 | |
Biosante Pharmaceuticals, Inc. (a) | 80,835 | 173,795 | |
BioTime, Inc. (a)(d) | 13,700 | 94,393 | |
Capstone Therapeutics Corp. (a) | 7,445 | 3,425 | |
Cardium Therapeutics, Inc. (a)(d) | 215,329 | 80,318 | |
Cel-Sci Corp. (a)(d) | 266,957 | 176,325 | |
Celera Corp. (a)(d) | 65,299 | 415,302 | |
Celgene Corp. (a) | 367,509 | 19,514,728 | |
Cell Therapeutics, Inc. (a)(d) | 522,189 | 146,213 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a)(d) | 34,480 | $ 135,506 | |
Cephalon, Inc. (a)(d) | 57,577 | 3,242,161 | |
Cepheid, Inc. (a)(d) | 45,427 | 1,204,270 | |
Chelsea Therapeutics International Ltd. (a) | 26,240 | 108,371 | |
Clinical Data, Inc. (a)(d) | 12,781 | 388,159 | |
Codexis, Inc. (a) | 15,807 | 168,503 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 45,855 | 1,005,600 | |
Curis, Inc. (a) | 60,335 | 187,642 | |
Cyclacel Pharmaceuticals, Inc. (a) | 39,932 | 51,512 | |
Cytokinetics, Inc. (a)(d) | 68,979 | 108,297 | |
Cytori Therapeutics, Inc. (a)(d) | 29,925 | 174,164 | |
CytRx Corp. (a)(d) | 78,079 | 74,175 | |
Dendreon Corp. (a) | 111,773 | 3,754,455 | |
Discovery Laboratories, Inc. (a) | 253 | 521 | |
Dyax Corp. (a) | 67,938 | 116,853 | |
Dynavax Technologies Corp. (a)(d) | 152,859 | 457,048 | |
Emergent BioSolutions, Inc. (a) | 21,536 | 453,117 | |
EntreMed, Inc. (a) | 336 | 1,730 | |
Enzon Pharmaceuticals, Inc. (a)(d) | 50,521 | 539,564 | |
Exact Sciences Corp. (a)(d) | 53,869 | 292,509 | |
Exelixis, Inc. (a)(d) | 113,877 | 1,417,769 | |
Genomic Health, Inc. (a)(d) | 11,085 | 279,785 | |
GenVec, Inc. (a) | 94,694 | 42,148 | |
Genzyme Corp. (a) | 202,735 | 15,296,356 | |
Geron Corp. (a)(d) | 92,057 | 455,682 | |
Gilead Sciences, Inc. (a) | 670,144 | 26,122,213 | |
GTx, Inc. (a)(d) | 15,000 | 38,700 | |
Halozyme Therapeutics, Inc. (a)(d) | 76,820 | 530,826 | |
Hemispherx Biopharma, Inc. (a)(d) | 94,845 | 42,680 | |
Human Genome Sciences, Inc. (a) | 146,880 | 3,676,406 | |
iBio, Inc. (a)(d) | 12,465 | 46,245 | |
Idenix Pharmaceuticals, Inc. (a) | 4,502 | 15,217 | |
Idera Pharmaceuticals, Inc. (a) | 9,000 | 23,850 | |
ImmunoGen, Inc. (a)(d) | 67,288 | 606,265 | |
Immunomedics, Inc. (a)(d) | 63,727 | 233,241 | |
Incyte Corp. (a)(d) | 95,742 | 1,309,751 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 53 | 307 | |
Insmed, Inc. (a) | 80,031 | 43,617 | |
InterMune, Inc. (a)(d) | 36,812 | 1,347,687 | |
Ironwood Pharmaceuticals, Inc. Class A | 29,634 | 362,424 | |
Isis Pharmaceuticals, Inc. (a)(d) | 74,678 | 681,063 | |
Keryx Biopharmaceuticals, Inc. (a) | 76,871 | 303,640 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 155,502 | 301,674 | |
Ligand Pharmaceuticals, Inc.: | |||
rights 12/31/11 (a) | 2,082 | 0 | |
Class B (a) | 19,491 | 211,282 | |
MannKind Corp. (a)(d) | 91,402 | 341,843 | |
Marina Biotech, Inc. (a) | 6,369 | 4,451 | |
Maxygen, Inc. | 43,678 | 182,137 | |
Medivation, Inc. (a)(d) | 28,094 | 485,464 | |
| |||
Shares | Value | ||
Metabolix, Inc. (a)(d) | 16,896 | $ 153,416 | |
Micromet, Inc. (a) | 87,334 | 544,091 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 30,314 | 420,758 | |
Myrexis, Inc. (a) | 80,016 | 306,461 | |
Myriad Genetics, Inc. (a)(d) | 72,648 | 1,345,441 | |
Nabi Biopharmaceuticals (a) | 40,817 | 231,024 | |
Neurocrine Biosciences, Inc. (a) | 48,689 | 328,651 | |
Novavax, Inc. (a)(d) | 92,577 | 240,700 | |
NPS Pharmaceuticals, Inc. (a)(d) | 78,167 | 604,231 | |
Omeros Corp. (a)(d) | 5,151 | 33,430 | |
OncoGenex Pharmaceuticals, Inc. (a) | 4,200 | 65,940 | |
Oncothyreon, Inc. (a)(d) | 20,000 | 63,400 | |
ONYX Pharmaceuticals, Inc. (a) | 47,568 | 1,676,296 | |
Opko Health, Inc. (a) | 62,927 | 303,937 | |
Orchid Cellmark, Inc. (a) | 3,164 | 6,581 | |
OREXIGEN Therapeutics, Inc. (a)(d) | 39,620 | 129,161 | |
Osiris Therapeutics, Inc. (a)(d) | 16,000 | 106,080 | |
Oxygen Biotherapeutics, Inc. (a) | 31,947 | 61,658 | |
PDL BioPharma, Inc. (d) | 122,067 | 677,472 | |
Peregrine Pharmaceuticals, Inc. (a) | 27,582 | 61,508 | |
Pharmacyclics, Inc. (a)(d) | 26,224 | 135,316 | |
Pharmasset, Inc. (a)(d) | 20,687 | 1,034,350 | |
PharmAthene, Inc. (a)(d) | 59,759 | 187,046 | |
Poniard Pharmaceuticals, Inc. (a)(d) | 83,966 | 29,388 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 24,778 | 139,996 | |
PROLOR Biotech, Inc. (a) | 30,000 | 171,000 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 51,359 | 1,862,791 | |
Repligen Corp. (a) | 6,096 | 29,383 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 54,426 | 380,438 | |
Sangamo Biosciences, Inc. (a)(d) | 43,327 | 358,314 | |
Savient Pharmaceuticals, Inc. (a)(d) | 51,925 | 500,557 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 32,590 | 144,700 | |
Seattle Genetics, Inc. (a)(d) | 73,430 | 1,090,436 | |
SIGA Technologies, Inc. (a)(d) | 34,317 | 459,848 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 33,764 | 229,258 | |
StemCells, Inc. (a)(d) | 170,386 | 158,476 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 15,446 | 32,437 | |
Talecris Biotherapeutics Holdings Corp. (a) | 46,253 | 1,153,550 | |
Targacept, Inc. (a) | 14,540 | 416,862 | |
Telik, Inc. (a) | 13,264 | 13,927 | |
Theravance, Inc. (a)(d) | 50,642 | 1,153,625 | |
Trimeris, Inc. (a)(d) | 16,866 | 43,177 | |
United Therapeutics Corp. (a)(d) | 39,375 | 2,655,056 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 33,405 | 245,861 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 159,073 | 7,423,937 | |
Vical, Inc. (a)(d) | 26,845 | 56,643 | |
XOMA Ltd. (a)(d) | 17,722 | 92,686 | |
Zalicus, Inc. (a)(d) | 78,719 | 170,820 | |
ZIOPHARM Oncology, Inc. (a) | 43,000 | 261,870 | |
Zogenix, Inc. | 36,257 | 147,929 | |
| 184,151,405 | ||
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - 2.1% | |||
Abaxis, Inc. (a)(d) | 27,094 | $ 718,533 | |
Abiomed, Inc. (a)(d) | 42,289 | 527,344 | |
Accuray, Inc. (a)(d) | 40,848 | 404,395 | |
Alere, Inc. (a)(d) | 65,263 | 2,521,762 | |
Align Technology, Inc. (a)(d) | 51,536 | 1,074,526 | |
Alphatec Holdings, Inc. (a)(d) | 42,809 | 113,872 | |
American Medical Systems Holdings, Inc. (a)(d) | 63,108 | 1,382,696 | |
Analogic Corp. | 10,743 | 582,271 | |
Angiodynamics, Inc. (a)(d) | 30,684 | 516,105 | |
ArthroCare Corp. (a)(d) | 24,054 | 829,622 | |
Atrion Corp. | 239 | 42,145 | |
Baxter International, Inc. | 465,722 | 24,753,124 | |
Beckman Coulter, Inc. | 53,781 | 4,470,815 | |
Becton, Dickinson & Co. | 173,588 | 13,887,040 | |
BioLase Technology, Inc. (a) | 4,009 | 12,428 | |
Boston Scientific Corp. (a) | 1,185,154 | 8,485,703 | |
BSD Medical Corp. (a)(d) | 53,933 | 235,148 | |
C. R. Bard, Inc. (d) | 71,770 | 7,016,235 | |
Cantel Medical Corp. (d) | 25,300 | 552,805 | |
CareFusion Corp. (a) | 171,345 | 4,681,145 | |
Cerus Corp. (a)(d) | 23,958 | 82,416 | |
Conceptus, Inc. (a) | 31,351 | 440,795 | |
CONMED Corp. (a)(d) | 22,708 | 601,308 | |
Cooper Companies, Inc. | 33,367 | 2,062,748 | |
Covidien PLC | 395,005 | 20,323,007 | |
Cryolife, Inc. (a) | 24,384 | 131,674 | |
Cutera, Inc. (a)(d) | 17,971 | 173,600 | |
Cyberonics, Inc. (a)(d) | 30,265 | 999,653 | |
Cynosure, Inc. Class A (a) | 4,942 | 67,409 | |
Delcath Systems, Inc. (a)(d) | 66,496 | 435,549 | |
DENTSPLY International, Inc. | 110,548 | 4,131,179 | |
DexCom, Inc. (a)(d) | 35,872 | 524,807 | |
Edwards Lifesciences Corp. (a) | 96,849 | 8,236,039 | |
Endologix, Inc. (a) | 18,382 | 109,189 | |
Exactech, Inc. (a) | 2,735 | 51,828 | |
Fonar Corp. (a) | 837 | 1,691 | |
Gen-Probe, Inc. (a) | 36,069 | 2,268,019 | |
Greatbatch, Inc. (a)(d) | 25,965 | 646,009 | |
Haemonetics Corp. (a) | 19,792 | 1,220,177 | |
Hansen Medical, Inc. (a)(d) | 56,646 | 118,390 | |
Hill-Rom Holdings, Inc. | 45,296 | 1,724,419 | |
Hologic, Inc. (a) | 198,035 | 3,996,346 | |
ICU Medical, Inc. (a)(d) | 20,176 | 847,190 | |
IDEXX Laboratories, Inc. (a)(d) | 43,890 | 3,410,253 | |
Immucor, Inc. (a) | 49,842 | 970,424 | |
Insulet Corp. (a)(d) | 22,491 | 398,091 | |
Integra LifeSciences Holdings Corp. (a) | 16,514 | 828,177 | |
Intuitive Surgical, Inc. (a) | 31,154 | 10,216,954 | |
Invacare Corp. (d) | 33,053 | 977,377 | |
IRIS International, Inc. (a) | 23,799 | 241,560 | |
| |||
Shares | Value | ||
IVAX Diagnostics, Inc. (a) | 3,600 | $ 4,392 | |
Kensey Nash Corp. (a)(d) | 21,899 | 575,068 | |
Kewaunee Scientific Corp. | 1,601 | 21,678 | |
Kinetic Concepts, Inc. (a)(d) | 47,167 | 2,309,768 | |
Mako Surgical Corp. (a)(d) | 24,534 | 505,400 | |
Masimo Corp. (d) | 39,321 | 1,185,135 | |
Medical Action Industries, Inc. (a) | 15,016 | 124,032 | |
Medtronic, Inc. | 864,531 | 34,512,078 | |
MELA Sciences, Inc. (a)(d) | 37,474 | 98,557 | |
Meridian Bioscience, Inc. (d) | 41,244 | 889,633 | |
Merit Medical Systems, Inc. (a)(d) | 27,493 | 469,580 | |
Misonix, Inc. (a) | 3,000 | 6,750 | |
Natus Medical, Inc. (a)(d) | 28,650 | 454,389 | |
Neogen Corp. (a)(d) | 25,894 | 968,177 | |
Neoprobe Corp. (a)(d) | 60,777 | 258,302 | |
NuVasive, Inc. (a)(d) | 32,642 | 872,521 | |
NxStage Medical, Inc. (a)(d) | 56,326 | 1,162,005 | |
OraSure Technologies, Inc. (a) | 23,767 | 164,705 | |
Orthofix International NV (a) | 19,109 | 603,844 | |
Orthovita, Inc. (a) | 32,597 | 77,581 | |
Palomar Medical Technologies, Inc. (a) | 18,403 | 294,080 | |
Quidel Corp. (a)(d) | 40,094 | 527,637 | |
ResMed, Inc. (a)(d) | 115,318 | 3,644,049 | |
Retractable Technologies, Inc. (a) | 6,105 | 9,890 | |
RTI Biologics, Inc. (a) | 25,405 | 68,339 | |
Sirona Dental Systems, Inc. (a)(d) | 36,788 | 1,856,322 | |
SonoSite, Inc. (a)(d) | 22,115 | 795,034 | |
St. Jude Medical, Inc. | 270,218 | 12,938,038 | |
Staar Surgical Co. (a) | 3,978 | 23,868 | |
Stereotaxis, Inc. (a)(d) | 28,535 | 112,713 | |
Steris Corp. | 38,336 | 1,297,674 | |
Stryker Corp. | 255,467 | 16,160,842 | |
SurModics, Inc. (a)(d) | 22,713 | 296,178 | |
Symmetry Medical, Inc. (a) | 34,161 | 308,815 | |
Synovis Life Technologies, Inc. (a) | 11,000 | 217,140 | |
Teleflex, Inc. (d) | 29,127 | 1,700,726 | |
The Spectranetics Corp. (a) | 20,955 | 101,003 | |
Theragenics Corp. (a) | 1,300 | 2,275 | |
ThermoGenesis Corp. (a) | 18,430 | 50,314 | |
Thoratec Corp. (a)(d) | 44,317 | 1,235,558 | |
TomoTherapy, Inc. (a) | 19,200 | 68,352 | |
Unilife Corp. (a)(d) | 35,000 | 165,200 | |
Urologix, Inc. (a)(d) | 3,800 | 2,318 | |
Varian Medical Systems, Inc. (a)(d) | 94,140 | 6,522,019 | |
Vermillion, Inc. (a)(d) | 6,106 | 30,408 | |
Volcano Corp. (a)(d) | 43,320 | 1,136,717 | |
West Pharmaceutical Services, Inc. (d) | 24,982 | 1,027,010 | |
Wright Medical Group, Inc. (a)(d) | 34,533 | 546,657 | |
Young Innovations, Inc. | 2,508 | 79,428 | |
Zimmer Holdings, Inc. (a) | 158,878 | 9,904,455 | |
Zoll Medical Corp. (a)(d) | 21,697 | 1,004,137 | |
| 246,434,783 | ||
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - 2.2% | |||
Accretive Health, Inc. (d) | 22,424 | $ 455,880 | |
Aetna, Inc. | 329,848 | 12,323,121 | |
Air Methods Corp. (a) | 15,951 | 925,796 | |
Alliance Healthcare Services, Inc. (a) | 64,441 | 266,786 | |
Almost Family, Inc. (a)(d) | 11,554 | 450,606 | |
Amedisys, Inc. (a)(d) | 22,394 | 804,392 | |
America Service Group, Inc. | 11,000 | 201,080 | |
American Dental Partners, Inc. (a)(d) | 4,710 | 60,524 | |
AMERIGROUP Corp. (a)(d) | 37,938 | 2,175,744 | |
AmerisourceBergen Corp. | 216,529 | 8,208,614 | |
AMN Healthcare Services, Inc. (a)(d) | 43,361 | 323,907 | |
AmSurg Corp. (a) | 29,663 | 700,937 | |
Animal Health International, Inc. (a) | 5,300 | 20,670 | |
Assisted Living Concepts, Inc. Class A (a) | 9,800 | 352,310 | |
Bio-Reference Laboratories, Inc. (a)(d) | 37,128 | 776,718 | |
BioScrip, Inc. (a)(d) | 35,637 | 150,388 | |
Brookdale Senior Living, Inc. (a) | 73,954 | 1,988,623 | |
Capital Senior Living Corp. (a) | 30,965 | 259,796 | |
Cardinal Health, Inc. | 276,959 | 11,532,573 | |
CardioNet, Inc. (a) | 39,738 | 191,537 | |
Catalyst Health Solutions, Inc. (a) | 30,014 | 1,356,933 | |
Centene Corp. (a)(d) | 37,731 | 1,149,664 | |
Chemed Corp. | 16,597 | 1,086,108 | |
Chindex International, Inc. (a)(d) | 10,687 | 190,763 | |
CIGNA Corp. | 217,032 | 9,130,536 | |
Community Health Systems, Inc. (a) | 73,887 | 3,019,762 | |
Continucare Corp. (a) | 25,320 | 143,311 | |
Corvel Corp. (a) | 4,953 | 245,174 | |
Coventry Health Care, Inc. (a) | 113,451 | 3,426,220 | |
Cross Country Healthcare, Inc. (a)(d) | 33,894 | 281,998 | |
DaVita, Inc. (a) | 80,252 | 6,369,601 | |
Emergency Medical Services Corp. Class A (a) | 25,548 | 1,613,356 | |
Emeritus Corp. (a) | 20,750 | 488,248 | |
Epocrates, Inc. (a) | 4,325 | 93,853 | |
Express Scripts, Inc. (a) | 401,472 | 22,570,756 | |
Five Star Quality Care, Inc. (a) | 28,197 | 197,943 | |
Genoptix, Inc. (a) | 34,019 | 850,135 | |
Gentiva Health Services, Inc. (a)(d) | 28,072 | 792,473 | |
Hanger Orthopedic Group, Inc. (a)(d) | 31,595 | 849,906 | |
Health Management Associates, Inc. Class A (a) | 199,688 | 1,996,880 | |
Health Net, Inc. (a)(d) | 75,662 | 2,225,976 | |
HealthSouth Corp. (a) | 66,911 | 1,619,915 | |
Healthspring, Inc. (a) | 40,674 | 1,530,969 | |
Healthways, Inc. (a)(d) | 39,343 | 549,622 | |
Henry Schein, Inc. (a)(d) | 70,932 | 4,892,889 | |
HMS Holdings Corp. (a)(d) | 21,930 | 1,657,031 | |
Hooper Holmes, Inc. (a) | 7,290 | 5,759 | |
Humana, Inc. (a) | 133,938 | 8,707,309 | |
| |||
Shares | Value | ||
IPC The Hospitalist Co., Inc. (a) | 26,472 | $ 1,080,058 | |
Kindred Healthcare, Inc. (a)(d) | 26,367 | 657,066 | |
Laboratory Corp. of America Holdings (a)(d) | 79,881 | 7,199,675 | |
Landauer, Inc. | 12,764 | 802,856 | |
LCA-Vision, Inc. (a) | 8,343 | 58,985 | |
LHC Group, Inc. (a)(d) | 14,902 | 444,974 | |
LifePoint Hospitals, Inc. (a)(d) | 41,692 | 1,625,154 | |
Lincare Holdings, Inc. | 75,000 | 2,200,500 | |
Magellan Health Services, Inc. (a)(d) | 29,298 | 1,405,718 | |
McKesson Corp. | 206,106 | 16,340,084 | |
Medcath Corp. (a) | 8,479 | 120,571 | |
Medco Health Solutions, Inc. (a) | 346,481 | 21,357,089 | |
MEDNAX, Inc. (a) | 35,957 | 2,334,688 | |
Molina Healthcare, Inc. (a)(d) | 13,540 | 474,306 | |
MWI Veterinary Supply, Inc. (a)(d) | 16,080 | 1,113,058 | |
National Healthcare Corp. | 5,662 | 269,511 | |
Omnicare, Inc. | 87,838 | 2,514,802 | |
Owens & Minor, Inc. | 48,226 | 1,504,651 | |
Patterson Companies, Inc. | 76,116 | 2,540,752 | |
PDI, Inc. (a) | 1,588 | 13,768 | |
PharMerica Corp. (a) | 33,940 | 398,795 | |
Providence Service Corp. (a) | 15,408 | 252,845 | |
PSS World Medical, Inc. (a)(d) | 45,479 | 1,183,364 | |
Quest Diagnostics, Inc. | 113,191 | 6,423,589 | |
RehabCare Group, Inc. (a) | 20,335 | 755,445 | |
Rural/Metro Corp. (a)(d) | 13,233 | 198,363 | |
Select Medical Holdings Corp. (a) | 44,061 | 343,676 | |
Skilled Healthcare Group, Inc. (a)(d) | 31,590 | 433,099 | |
SRI/Surgical Express, Inc. (a) | 900 | 5,175 | |
Sun Healthcare Group, Inc. (a) | 17,671 | 259,764 | |
Sunrise Senior Living, Inc. (a) | 36,429 | 414,926 | |
Team Health Holdings, Inc. (a)(d) | 15,989 | 295,637 | |
Tenet Healthcare Corp. (a) | 375,366 | 2,695,128 | |
The Ensign Group, Inc. | 5,545 | 168,623 | |
Triple-S Management Corp. (a)(d) | 23,521 | 464,775 | |
U.S. Physical Therapy, Inc. (a) | 13,075 | 258,493 | |
UnitedHealth Group, Inc. | 896,524 | 38,173,992 | |
Universal American Financial Corp. (d) | 39,049 | 803,628 | |
Universal Health Services, Inc. Class B | 70,000 | 3,199,700 | |
VCA Antech, Inc. (a)(d) | 63,658 | 1,593,996 | |
Wellcare Health Plans, Inc. (a) | 31,976 | 1,200,699 | |
WellPoint, Inc. | 317,927 | 21,132,608 | |
| 263,927,678 | ||
Health Care Technology - 0.1% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 135,089 | 2,884,150 | |
athenahealth, Inc. (a)(d) | 26,709 | 1,210,986 | |
Cerner Corp. (a)(d) | 54,220 | 5,446,399 | |
Computer Programs & Systems, Inc. | 18,590 | 1,004,046 | |
Emdeon, Inc. Class A (a) | 33,960 | 533,172 | |
MedAssets, Inc. (a)(d) | 34,152 | 483,934 | |
Medidata Solutions, Inc. (a) | 26,132 | 677,080 | |
Merge Healthcare, Inc. (a) | 25,482 | 127,665 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Technology - continued | |||
Omnicell, Inc. (a) | 29,246 | $ 393,066 | |
Quality Systems, Inc. | 16,154 | 1,290,705 | |
Transcend Services, Inc. (a) | 5,958 | 126,846 | |
Vital Images, Inc. (a) | 11,918 | 178,651 | |
| 14,356,700 | ||
Life Sciences Tools & Services - 0.6% | |||
Accelrys, Inc. (a) | 28,642 | 248,040 | |
Affymetrix, Inc. (a)(d) | 64,885 | 318,585 | |
Agilent Technologies, Inc. (a) | 275,415 | 11,589,463 | |
Albany Molecular Research, Inc. (a) | 27,799 | 125,651 | |
Apricus Biosciences, Inc. (a) | 6,666 | 35,730 | |
Bio-Rad Laboratories, Inc. Class A (a) | 14,972 | 1,709,204 | |
Bruker BioSciences Corp. (a) | 56,937 | 1,092,621 | |
Caliper Life Sciences, Inc. (a) | 25,794 | 172,562 | |
Cambrex Corp. (a) | 21,547 | 118,078 | |
Charles River Laboratories International, Inc. (a)(d) | 49,567 | 1,806,221 | |
Covance, Inc. (a)(d) | 50,041 | 2,823,814 | |
Dionex Corp. (a) | 14,117 | 1,663,265 | |
Enzo Biochem, Inc. (a) | 17,097 | 73,688 | |
eResearchTechnology, Inc. (a) | 63,136 | 400,914 | |
Furiex Pharmaceuticals, Inc. (a) | 6,538 | 108,662 | |
Harvard Bioscience, Inc. (a) | 786 | 3,415 | |
Illumina, Inc. (a)(d) | 99,356 | 6,895,306 | |
Kendle International, Inc. (a)(d) | 12,762 | 151,868 | |
Life Technologies Corp. (a) | 144,954 | 7,736,195 | |
Luminex Corp. (a)(d) | 37,497 | 705,694 | |
Mettler-Toledo International, Inc. (a)(d) | 25,328 | 4,340,459 | |
PAREXEL International Corp. (a)(d) | 49,175 | 1,154,137 | |
PerkinElmer, Inc. | 88,999 | 2,358,474 | |
Pharmaceutical Product Development, Inc. (d) | 82,350 | 2,262,155 | |
pSivida Corp. (a)(d) | 14,500 | 57,420 | |
Sequenom, Inc. (a) | 73,069 | 448,644 | |
SeraCare Life Sciences, Inc. (a) | 5,000 | 20,150 | |
Strategic Diagnostics, Inc. (a) | 3,100 | 6,882 | |
Techne Corp. | 29,133 | 2,088,545 | |
Thermo Fisher Scientific, Inc. (a) | 324,612 | 18,119,842 | |
Waters Corp. (a) | 71,604 | 5,946,712 | |
| 74,582,396 | ||
Pharmaceuticals - 4.4% | |||
Abbott Laboratories | 1,231,309 | 59,225,963 | |
Adolor Corp. (a) | 25,094 | 35,132 | |
Akorn, Inc. (a) | 30,000 | 167,700 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 40,834 | 51,043 | |
Allergan, Inc. | 243,775 | 18,080,792 | |
Ardea Biosciences, Inc. (a) | 12,728 | 337,419 | |
ARYx Therapeutics, Inc. (a) | 12,000 | 3,202 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 39,949 | 897,654 | |
AVANIR Pharmaceuticals Class A (a)(d) | 61,339 | 231,248 | |
BioMimetic Therapeutics, Inc. (a)(d) | 11,148 | 150,275 | |
| |||
Shares | Value | ||
Bristol-Myers Squibb Co. | 1,369,438 | $ 35,345,195 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 50,023 | 375,673 | |
Columbia Laboratories, Inc. (a)(d) | 49,530 | 172,860 | |
Corcept Therapeutics, Inc. (a)(d) | 42,000 | 157,080 | |
Cornerstone Therapeutics, Inc. (a) | 9,000 | 48,510 | |
CPEX Pharmaceuticals, Inc. (a) | 293 | 7,981 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 3,775 | 23,103 | |
DepoMed, Inc. (a)(d) | 37,190 | 312,024 | |
Durect Corp. (a) | 39,673 | 128,541 | |
Eli Lilly & Co. | 783,568 | 27,080,110 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 79,535 | 2,825,083 | |
Forest Laboratories, Inc. (a) | 224,719 | 7,280,896 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 14,969 | 345,634 | |
Hospira, Inc. (a) | 130,764 | 6,910,877 | |
Impax Laboratories, Inc. (a) | 42,956 | 884,464 | |
Inspire Pharmaceuticals, Inc. (a)(d) | 47,915 | 192,618 | |
Jazz Pharmaceuticals, Inc. (a) | 15,000 | 369,450 | |
Johnson & Johnson | 2,213,960 | 136,025,702 | |
King Pharmaceuticals, Inc. (a) | 198,041 | 2,820,104 | |
KV Pharmaceutical Co. Class A (a)(d) | 32,754 | 265,635 | |
Lannett Co., Inc. (a) | 32,187 | 182,500 | |
MAP Pharmaceuticals, Inc. (a) | 8,167 | 131,734 | |
Medicis Pharmaceutical Corp. Class A | 44,073 | 1,414,303 | |
Merck & Co., Inc. | 2,454,921 | 79,956,777 | |
Mylan, Inc. (a) | 338,262 | 7,736,052 | |
Nektar Therapeutics (a)(d) | 88,178 | 845,627 | |
Obagi Medical Products, Inc. (a) | 10,991 | 125,957 | |
Optimer Pharmaceuticals, Inc. (a) | 20,000 | 238,800 | |
Pain Therapeutics, Inc. (d) | 35,234 | 241,001 | |
Par Pharmaceutical Companies, Inc. (a)(d) | 24,793 | 765,608 | |
Perrigo Co. | 65,213 | 4,984,230 | |
Pfizer, Inc. | 6,434,965 | 123,808,727 | |
Pozen, Inc. (a) | 27,014 | 138,852 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 62,225 | 806,436 | |
Repros Therapeutics, Inc. (a)(d) | 1,500 | 6,750 | |
Salix Pharmaceuticals Ltd. (a) | 44,956 | 1,498,833 | |
Santarus, Inc. (a)(d) | 27,322 | 87,157 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 60,795 | 185,425 | |
SuperGen, Inc. (a) | 33,124 | 98,378 | |
The Medicines Company (a)(d) | 50,220 | 873,326 | |
ViroPharma, Inc. (a) | 55,000 | 986,150 | |
Vivus, Inc. (a)(d) | 73,666 | 560,598 | |
Warner Chilcott PLC | 88,761 | 2,101,860 | |
Watson Pharmaceuticals, Inc. (a) | 103,343 | 5,786,175 | |
XenoPort, Inc. (a) | 38,768 | 281,843 | |
| 534,595,067 | ||
TOTAL HEALTH CARE | 1,318,048,029 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - 11.2% | |||
Aerospace & Defense - 2.3% | |||
AAR Corp. (a)(d) | 34,613 | $ 944,589 | |
AeroCentury Corp. (a) | 800 | 17,904 | |
AeroVironment, Inc. (a)(d) | 15,405 | 446,899 | |
Alliant Techsystems, Inc. | 24,830 | 1,791,981 | |
American Science & Engineering, Inc. | 10,075 | 947,050 | |
Astronics Corp. (a) | 2,747 | 59,225 | |
BE Aerospace, Inc. (a) | 79,310 | 2,674,333 | |
Ceradyne, Inc. (a) | 20,000 | 764,600 | |
Cubic Corp. | 15,635 | 786,597 | |
Curtiss-Wright Corp. (d) | 41,124 | 1,517,476 | |
DigitalGlobe, Inc. (a) | 22,344 | 721,264 | |
Ducommun, Inc. | 11,105 | 248,419 | |
Esterline Technologies Corp. (a) | 23,103 | 1,653,482 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 85,231 | 442,349 | |
General Dynamics Corp. | 253,403 | 19,289,036 | |
GeoEye, Inc. (a) | 22,791 | 1,015,339 | |
Goodrich Corp. | 97,257 | 8,386,471 | |
HEICO Corp. Class A | 18,362 | 718,321 | |
Herley Industries, Inc. (a)(d) | 9,619 | 182,761 | |
Hexcel Corp. (a) | 69,932 | 1,297,239 | |
Honeywell International, Inc. | 570,274 | 33,024,567 | |
Innovative Solutions & Support, Inc. (a) | 23,580 | 140,065 | |
ITT Corp. | 142,651 | 8,263,772 | |
KEYW Holding Corp. | 7,000 | 99,750 | |
Kratos Defense & Security Solutions, Inc. (a) | 11,388 | 164,101 | |
L-3 Communications Holdings, Inc. | 88,784 | 7,039,683 | |
Ladish Co., Inc. (a) | 14,776 | 801,450 | |
LMI Aerospace, Inc. (a)(d) | 8,000 | 143,680 | |
Lockheed Martin Corp. | 229,901 | 18,198,963 | |
Moog, Inc. Class A (a)(d) | 31,269 | 1,419,925 | |
National Presto Industries, Inc. (d) | 4,905 | 620,679 | |
Northrop Grumman Corp. | 228,024 | 15,204,640 | |
Orbital Sciences Corp. (a)(d) | 46,501 | 827,253 | |
Precision Castparts Corp. | 112,266 | 15,913,706 | |
Raytheon Co. | 295,808 | 15,148,328 | |
Rockwell Collins, Inc. | 121,827 | 7,850,532 | |
Spirit AeroSystems Holdings, Inc. Class A (a)(d) | 75,975 | 1,974,590 | |
Sypris Solutions, Inc. (a) | 3,224 | 13,541 | |
Taser International, Inc. (a)(d) | 68,525 | 259,025 | |
Teledyne Technologies, Inc. (a)(d) | 26,970 | 1,412,419 | |
The Boeing Co. | 522,118 | 37,597,717 | |
TransDigm Group, Inc. (a) | 32,587 | 2,619,343 | |
Triumph Group, Inc. | 12,944 | 1,120,821 | |
United Technologies Corp. | 693,537 | 57,938,081 | |
| 271,701,966 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 35,112 | 275,629 | |
Atlas Air Worldwide Holdings, Inc. (a) | 19,179 | 1,309,542 | |
C.H. Robinson Worldwide, Inc. | 132,227 | 9,571,913 | |
| |||
Shares | Value | ||
Expeditors International of Washington, Inc. | 167,584 | $ 8,010,515 | |
FedEx Corp. | 234,399 | 21,100,598 | |
Forward Air Corp. | 27,531 | 815,744 | |
Hub Group, Inc. Class A (a) | 29,382 | 1,027,195 | |
Pacer International, Inc. (a)(d) | 34,535 | 187,525 | |
United Parcel Service, Inc. Class B | 561,303 | 41,424,161 | |
UTI Worldwide, Inc. | 83,200 | 1,655,680 | |
| 85,378,502 | ||
Airlines - 0.2% | |||
AirTran Holdings, Inc. (a) | 116,448 | 850,070 | |
Alaska Air Group, Inc. (a) | 27,766 | 1,650,689 | |
Allegiant Travel Co. (d) | 12,630 | 521,240 | |
AMR Corp. (a)(d) | 255,515 | 1,722,171 | |
Delta Air Lines, Inc. (a) | 618,002 | 6,946,342 | |
Hawaiian Holdings, Inc. (a)(d) | 43,857 | 291,210 | |
JetBlue Airways Corp. (a)(d) | 183,487 | 1,045,876 | |
Pinnacle Airlines Corp. (a)(d) | 13,246 | 80,138 | |
Republic Airways Holdings, Inc. (a)(d) | 49,898 | 316,353 | |
SkyWest, Inc. | 44,139 | 728,294 | |
Southwest Airlines Co. | 583,572 | 6,903,657 | |
United Continental Holdings, Inc. (d) | 248,063 | 5,963,435 | |
US Airways Group, Inc. (a)(d) | 136,465 | 1,174,964 | |
| 28,194,439 | ||
Building Products - 0.1% | |||
A.O. Smith Corp. | 32,101 | 1,296,880 | |
AAON, Inc. (d) | 23,897 | 733,638 | |
American Woodmark Corp. | 8,120 | 161,994 | |
Ameron International Corp. (d) | 7,610 | 537,723 | |
Apogee Enterprises, Inc. | 31,812 | 434,870 | |
Armstrong World Industries, Inc. (d) | 12,669 | 527,537 | |
Builders FirstSource, Inc. (a) | 18,709 | 44,715 | |
Gibraltar Industries, Inc. (a) | 19,000 | 205,770 | |
Griffon Corp. (a) | 45,173 | 544,786 | |
Insteel Industries, Inc. (d) | 19,514 | 241,388 | |
Lennox International, Inc. (d) | 38,000 | 1,843,000 | |
Masco Corp. | 279,616 | 3,799,981 | |
NCI Building Systems, Inc. (a)(d) | 18,615 | 263,030 | |
Owens Corning (a) | 86,862 | 3,103,579 | |
Quanex Building Products Corp. | 28,267 | 533,964 | |
Simpson Manufacturing Co. Ltd. (d) | 24,564 | 710,637 | |
Trex Co., Inc. (a)(d) | 13,593 | 407,110 | |
Universal Forest Products, Inc. (d) | 16,084 | 548,464 | |
USG Corp. (a)(d) | 54,636 | 936,461 | |
| 16,875,527 | ||
Commercial Services & Supplies - 0.7% | |||
ABM Industries, Inc. (d) | 38,140 | 1,015,668 | |
ACCO Brands Corp. (a)(d) | 40,654 | 347,592 | |
American Reprographics Co. (a)(d) | 29,951 | 266,564 | |
APAC Customer Services, Inc. (a) | 4,300 | 25,198 | |
Avery Dennison Corp. | 79,353 | 3,167,772 | |
Casella Waste Systems, Inc. Class A (a)(d) | 34,819 | 255,223 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Commercial Services & Supplies - continued | |||
Cenveo, Inc. (a) | 56,902 | $ 318,082 | |
Cintas Corp. | 95,446 | 2,683,942 | |
Clean Harbors, Inc. (a) | 18,419 | 1,692,338 | |
Consolidated Graphics, Inc. (a) | 10,742 | 585,869 | |
Copart, Inc. (a) | 57,451 | 2,413,517 | |
Corrections Corp. of America (a)(d) | 89,000 | 2,210,760 | |
Courier Corp. | 2,999 | 42,796 | |
Covanta Holding Corp. (d) | 107,050 | 1,811,286 | |
Deluxe Corp. (d) | 56,165 | 1,435,016 | |
EnergySolutions, Inc. (d) | 116,176 | 769,085 | |
EnerNOC, Inc. (a)(d) | 17,720 | 341,642 | |
Ennis, Inc. | 24,766 | 402,448 | |
Fuel Tech, Inc. (a)(d) | 25,272 | 189,035 | |
G&K Services, Inc. Class A | 11,022 | 357,333 | |
Healthcare Services Group, Inc. | 39,210 | 696,762 | |
Herman Miller, Inc. | 42,238 | 1,137,892 | |
Higher One Holdings, Inc. (a)(d) | 22,463 | 422,080 | |
HNI Corp. | 29,786 | 945,110 | |
InnerWorkings, Inc. (a)(d) | 33,190 | 271,162 | |
Interface, Inc. Class A | 40,371 | 672,985 | |
Intersections, Inc. | 8,825 | 88,162 | |
Iron Mountain, Inc. | 142,032 | 3,692,832 | |
KAR Auction Services, Inc. (a) | 10,875 | 152,685 | |
Kimball International, Inc. Class B | 18,777 | 134,443 | |
Knoll, Inc. | 37,498 | 775,084 | |
M&F Worldwide Corp. (a) | 9,630 | 238,920 | |
McGrath RentCorp. | 20,429 | 562,002 | |
Metalico, Inc. (a)(d) | 48,325 | 307,347 | |
Mine Safety Appliances Co. | 26,989 | 975,113 | |
Mobile Mini, Inc. (a)(d) | 18,629 | 423,623 | |
Multi-Color Corp. | 6,000 | 111,300 | |
Perma-Fix Environmental Services, Inc. (a) | 40,352 | 59,721 | |
Pitney Bowes, Inc. (d) | 157,493 | 3,965,674 | |
Quad/Graphics, Inc. (a) | 19,300 | 838,006 | |
R.R. Donnelley & Sons Co. | 159,272 | 2,965,645 | |
Republic Services, Inc. | 237,177 | 7,022,811 | |
Rollins, Inc. | 52,381 | 1,027,715 | |
Schawk, Inc. Class A | 4,896 | 88,471 | |
Standard Parking Corp. (a) | 4,477 | 81,302 | |
Standard Register Co. | 7,404 | 25,470 | |
Steelcase, Inc. Class A | 73,329 | 712,025 | |
Stericycle, Inc. (a)(d) | 67,558 | 5,838,362 | |
Superior Uniform Group, Inc. | 1,000 | 11,010 | |
Swisher Hygiene, Inc. (a) | 47,031 | 283,760 | |
Sykes Enterprises, Inc. (a) | 35,744 | 664,838 | |
Team, Inc. (a)(d) | 21,099 | 547,097 | |
Tetra Tech, Inc. (a) | 44,000 | 1,034,000 | |
The Brink's Co. | 44,106 | 1,361,552 | |
The Geo Group, Inc. (a)(d) | 66,956 | 1,702,691 | |
TRC Companies, Inc. (a) | 5,282 | 21,551 | |
| |||
Shares | Value | ||
Unifirst Corp. Massachusetts | 10,464 | $ 590,170 | |
United Stationers, Inc. (a) | 17,897 | 1,206,616 | |
US Ecology, Inc. | 17,056 | 286,711 | |
Viad Corp. | 18,076 | 414,302 | |
Virco Manufacturing Co. | 3,120 | 9,984 | |
Waste Connections, Inc. | 97,628 | 2,830,236 | |
Waste Management, Inc. | 363,389 | 13,467,196 | |
| 78,995,584 | ||
Construction & Engineering - 0.4% | |||
AECOM Technology Corp. (a) | 105,381 | 3,018,112 | |
Comfort Systems USA, Inc. | 50,878 | 675,151 | |
Dycom Industries, Inc. (a)(d) | 30,197 | 521,200 | |
EMCOR Group, Inc. (a)(d) | 53,393 | 1,701,101 | |
Fluor Corp. | 141,375 | 10,003,695 | |
Foster Wheeler AG (a) | 92,328 | 3,338,580 | |
Furmanite Corp. (a) | 20,546 | 149,369 | |
Granite Construction, Inc. (d) | 26,266 | 748,581 | |
Great Lakes Dredge & Dock Corp. (d) | 45,451 | 357,699 | |
Insituform Technologies, Inc. Class A (a)(d) | 27,764 | 717,422 | |
Integrated Electrical Services, Inc. (a)(d) | 13,972 | 53,513 | |
Jacobs Engineering Group, Inc. (a) | 97,413 | 4,876,495 | |
KBR, Inc. | 123,453 | 4,049,258 | |
Layne Christensen Co. (a) | 17,863 | 596,088 | |
MasTec, Inc. (a) | 41,923 | 780,606 | |
Michael Baker Corp. (a) | 7,288 | 229,353 | |
MYR Group, Inc. (a) | 25,063 | 565,421 | |
Northwest Pipe Co. (a)(d) | 12,239 | 290,554 | |
Orion Marine Group, Inc. (a) | 18,394 | 227,166 | |
Pike Electric Corp. (a) | 16,312 | 158,553 | |
Primoris Services Corp. | 8,060 | 68,913 | |
Quanta Services, Inc. (a)(d) | 161,580 | 3,685,640 | |
Shaw Group, Inc. (a) | 62,523 | 2,483,414 | |
Sterling Construction Co., Inc. (a)(d) | 30,094 | 394,231 | |
Tutor Perini Corp. | 26,344 | 627,514 | |
URS Corp. (a) | 62,732 | 2,918,920 | |
| 43,236,549 | ||
Electrical Equipment - 0.8% | |||
A123 Systems, Inc. (a)(d) | 78,983 | 748,759 | |
Active Power, Inc. (a) | 36,438 | 81,986 | |
Acuity Brands, Inc. (d) | 36,015 | 2,035,568 | |
Advanced Battery Technologies, Inc. (a)(d) | 87,409 | 339,147 | |
Allied Motion Technologies, Inc. (a) | 4,896 | 39,168 | |
Altair Nanotechnologies, Inc. (a)(d) | 10,000 | 27,000 | |
American Superconductor Corp. (a)(d) | 35,578 | 943,529 | |
AMETEK, Inc. | 122,564 | 5,141,560 | |
AZZ, Inc. (d) | 14,324 | 611,062 | |
Babcock & Wilcox Co. (a) | 89,698 | 3,029,101 | |
Beacon Power Corp. (a)(d) | 22,902 | 78,783 | |
Belden, Inc. | 35,954 | 1,316,995 | |
Brady Corp. Class A | 38,539 | 1,377,384 | |
Broadwind Energy, Inc. (a)(d) | 45,253 | 72,405 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Capstone Turbine Corp. (a)(d) | 340,397 | $ 517,403 | |
Coleman Cable, Inc. (a)(d) | 900 | 6,651 | |
Cooper Industries PLC Class A | 128,000 | 8,236,800 | |
Emerson Electric Co. | 606,215 | 36,166,787 | |
Encore Wire Corp. | 24,064 | 564,541 | |
Ener1, Inc. (a)(d) | 30,034 | 110,825 | |
Energy Focus, Inc. (a) | 3,941 | 4,059 | |
EnerSys (a) | 40,960 | 1,454,080 | |
Espey Manufacturing & Electronics Corp. | 1,488 | 34,164 | |
Franklin Electric Co., Inc. | 16,711 | 710,218 | |
FuelCell Energy, Inc. (a)(d) | 167,928 | 293,874 | |
Generac Holdings, Inc. | 17,658 | 323,671 | |
General Cable Corp. (a)(d) | 39,657 | 1,721,907 | |
Global Power Equipment Group, Inc. (a) | 10,000 | 224,700 | |
GrafTech International Ltd. (a)(d) | 92,787 | 1,856,668 | |
Hubbell, Inc. Class B | 45,468 | 3,069,545 | |
II-VI, Inc. (a)(d) | 19,194 | 982,541 | |
LSI Industries, Inc. | 12,688 | 98,205 | |
MagneTek, Inc. (a) | 3,582 | 7,236 | |
Nexxus Lighting, Inc. (a) | 2,100 | 6,846 | |
Plug Power, Inc. (a) | 25,662 | 18,733 | |
Polypore International, Inc. (a)(d) | 16,415 | 959,293 | |
Powell Industries, Inc. (a)(d) | 8,981 | 335,800 | |
PowerSecure International, Inc. (a)(d) | 15,636 | 115,706 | |
Regal-Beloit Corp. (d) | 28,756 | 2,097,750 | |
Rockwell Automation, Inc. | 111,070 | 9,744,171 | |
Roper Industries, Inc. | 71,570 | 6,021,184 | |
Satcon Technology Corp. (a)(d) | 87,873 | 319,858 | |
SL Industries, Inc. (a) | 2,508 | 47,978 | |
Thomas & Betts Corp. (a) | 40,077 | 2,219,865 | |
Ultralife Corp. (a)(d) | 15,600 | 80,496 | |
UQM Technologies, Inc. (a)(d) | 3,800 | 11,628 | |
Valence Technology, Inc. (a)(d) | 12,072 | 18,229 | |
Valpey Fisher Corp. (a) | 2,100 | 8,715 | |
Vicor Corp. (d) | 9,086 | 138,380 | |
Woodward, Inc. (d) | 44,896 | 1,476,629 | |
| 95,847,583 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 523,460 | 48,278,716 | |
Carlisle Companies, Inc. | 47,837 | 2,057,469 | |
General Electric Co. | 8,527,118 | 178,387,309 | |
Raven Industries, Inc. | 17,449 | 946,783 | |
Seaboard Corp. | 200 | 464,040 | |
Standex International Corp. | 12,568 | 430,705 | |
Textron, Inc. | 211,089 | 5,718,401 | |
Tredegar Corp. | 28,430 | 554,954 | |
Tyco International Ltd. | 395,435 | 17,929,023 | |
United Capital Corp. (a) | 2,262 | 62,160 | |
| 254,829,560 | ||
| |||
Shares | Value | ||
Machinery - 2.5% | |||
3D Systems Corp. (a)(d) | 12,122 | $ 593,372 | |
Accuride Corp. (a) | 34,214 | 478,654 | |
Actuant Corp. Class A (d) | 50,064 | 1,416,811 | |
Adept Technology, Inc. (a) | 680 | 2,734 | |
AGCO Corp. (a)(d) | 70,543 | 3,864,346 | |
Alamo Group, Inc. | 8,200 | 238,948 | |
Albany International Corp. Class A | 22,131 | 539,111 | |
Altra Holdings, Inc. (a) | 22,128 | 478,629 | |
American Railcar Industries, Inc. (a) | 10,474 | 211,680 | |
Ampco-Pittsburgh Corp. | 6,549 | 173,679 | |
ArvinMeritor, Inc. (a) | 80,391 | 1,440,607 | |
Astec Industries, Inc. (a) | 11,966 | 410,793 | |
Badger Meter, Inc. | 22,495 | 884,278 | |
Barnes Group, Inc. (d) | 30,587 | 650,891 | |
Blount International, Inc. (a) | 34,987 | 531,802 | |
Briggs & Stratton Corp. | 49,425 | 994,925 | |
Bucyrus International, Inc. Class A | 58,993 | 5,371,903 | |
Cascade Corp. (d) | 10,279 | 502,232 | |
Caterpillar, Inc. | 455,056 | 46,838,914 | |
Chart Industries, Inc. (a) | 22,666 | 1,028,810 | |
CIRCOR International, Inc. | 15,202 | 602,759 | |
CLARCOR, Inc. (d) | 36,902 | 1,518,148 | |
Colfax Corp. (a) | 22,381 | 496,411 | |
Columbus McKinnon Corp. (NY Shares) (a)(d) | 19,359 | 334,330 | |
Commercial Vehicle Group, Inc. (a) | 19,815 | 312,284 | |
Crane Co. | 37,272 | 1,760,729 | |
Cummins, Inc. | 141,608 | 14,319,401 | |
Danaher Corp. | 401,715 | 20,326,779 | |
Deere & Co. | 335,894 | 30,280,844 | |
Donaldson Co., Inc. | 54,209 | 3,051,967 | |
Dover Corp. | 146,242 | 9,396,049 | |
Dynamic Materials Corp. | 14,847 | 392,406 | |
Eaton Corp. | 132,539 | 14,682,670 | |
Energy Recovery, Inc. (a) | 21,981 | 74,516 | |
EnPro Industries, Inc. (a)(d) | 28,181 | 1,118,222 | |
ESCO Technologies, Inc. | 23,553 | 901,844 | |
Federal Signal Corp. | 50,058 | 323,875 | |
Flow International Corp. (a) | 28,106 | 112,143 | |
Flowserve Corp. | 44,556 | 5,568,163 | |
Force Protection, Inc. (a)(d) | 66,175 | 333,522 | |
FreightCar America, Inc. (d) | 19,186 | 539,510 | |
Gardner Denver, Inc. | 39,209 | 2,867,746 | |
Gorman-Rupp Co. | 13,215 | 493,316 | |
Graco, Inc. (d) | 47,766 | 1,944,554 | |
Graham Corp. (d) | 7,797 | 165,530 | |
Greenbrier Companies, Inc. (a)(d) | 17,988 | 449,340 | |
Hardinge, Inc. | 11,551 | 154,206 | |
Harsco Corp. | 62,697 | 2,142,356 | |
Hurco Companies, Inc. (a) | 3,204 | 96,216 | |
IDEX Corp. | 60,393 | 2,490,607 | |
Illinois Tool Works, Inc. | 343,133 | 18,563,495 | |
Ingersoll-Rand Co. Ltd. | 255,511 | 11,574,648 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
John Bean Technologies Corp. | 27,405 | $ 519,873 | |
Joy Global, Inc. | 80,244 | 7,814,161 | |
Kadant, Inc. (a) | 14,460 | 376,249 | |
Kaydon Corp. (d) | 23,000 | 902,520 | |
Kennametal, Inc. | 60,540 | 2,328,368 | |
L.B. Foster Co. Class A (a)(d) | 12,372 | 519,624 | |
Lincoln Electric Holdings, Inc. | 33,079 | 2,361,179 | |
Lindsay Corp. (d) | 11,966 | 844,919 | |
Manitowoc Co., Inc. (d) | 105,350 | 2,086,984 | |
Middleby Corp. (a)(d) | 19,442 | 1,743,364 | |
Miller Industries, Inc. | 360 | 5,983 | |
Mueller Industries, Inc. | 27,714 | 941,722 | |
Mueller Water Products, Inc. Class A | 101,652 | 412,707 | |
NACCO Industries, Inc. Class A | 3,799 | 473,165 | |
Navistar International Corp. (a) | 42,279 | 2,620,452 | |
NN, Inc. (a) | 14,100 | 172,725 | |
Nordson Corp. | 23,310 | 2,538,692 | |
Omega Flex, Inc. (a) | 300 | 3,921 | |
Oshkosh Co. (a) | 71,173 | 2,538,741 | |
PACCAR, Inc. | 290,250 | 14,550,233 | |
Pall Corp. | 88,777 | 4,825,918 | |
Parker Hannifin Corp. | 126,995 | 11,325,414 | |
Pentair, Inc. (d) | 80,000 | 2,966,400 | |
RBC Bearings, Inc. (a) | 25,395 | 919,045 | |
Robbins & Myers, Inc. | 39,866 | 1,699,488 | |
Sauer-Danfoss, Inc. (a) | 11,435 | 349,111 | |
Snap-On, Inc. | 46,046 | 2,644,422 | |
SPX Corp. | 38,026 | 3,032,954 | |
Sun Hydraulics Corp. | 15,000 | 541,500 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 21,767 | 261,857 | |
Tennant Co. | 16,284 | 661,945 | |
Terex Corp. (a) | 85,000 | 2,868,750 | |
Timken Co. | 58,376 | 2,844,079 | |
Titan International, Inc. (d) | 37,101 | 891,166 | |
Toro Co. | 28,710 | 1,791,504 | |
TriMas Corp. (a) | 17,832 | 366,804 | |
Trinity Industries, Inc. (d) | 57,000 | 1,775,550 | |
Twin Disc, Inc. | 8,348 | 270,141 | |
Valmont Industries, Inc. (d) | 15,488 | 1,581,015 | |
Wabash National Corp. (a)(d) | 81,532 | 849,563 | |
WABCO Holdings, Inc. (a) | 55,565 | 3,246,663 | |
Wabtec Corp. | 36,463 | 2,069,640 | |
Watts Water Technologies, Inc. Class A (d) | 21,182 | 828,428 | |
| 306,408,644 | ||
Marine - 0.0% | |||
Alexander & Baldwin, Inc. | 31,226 | 1,309,618 | |
Baltic Trading Ltd. | 24,565 | 232,631 | |
Eagle Bulk Shipping, Inc. (a)(d) | 88,868 | 365,247 | |
| |||
Shares | Value | ||
Genco Shipping & Trading Ltd. (a)(d) | 31,967 | $ 388,079 | |
Horizon Lines, Inc. Class A | 31,625 | 144,526 | |
International Shipholding Corp. | 6,249 | 152,726 | |
Kirby Corp. (a)(d) | 40,612 | 2,247,468 | |
| 4,840,295 | ||
Professional Services - 0.3% | |||
Acacia Research Corp. - Acacia Technologies (a)(d) | 35,320 | 1,035,582 | |
Administaff, Inc. | 18,343 | 549,006 | |
Advisory Board Co. (a)(d) | 16,258 | 831,759 | |
Barrett Business Services, Inc. | 2,508 | 36,592 | |
CBIZ, Inc. (a)(d) | 43,495 | 307,945 | |
CDI Corp. | 7,155 | 106,466 | |
Corporate Executive Board Co. | 28,235 | 1,131,376 | |
CoStar Group, Inc. (a)(d) | 18,378 | 1,041,481 | |
CRA International, Inc. (a)(d) | 18,135 | 470,422 | |
CTPartners Executive Search, Inc. | 1,000 | 15,500 | |
Dolan Co. (a) | 19,623 | 245,288 | |
Dun & Bradstreet Corp. | 39,637 | 3,202,670 | |
Equifax, Inc. | 97,011 | 3,468,143 | |
Exponent, Inc. (a)(d) | 18,059 | 710,622 | |
FTI Consulting, Inc. (a)(d) | 37,577 | 1,239,665 | |
GP Strategies Corp. (a) | 1,600 | 18,528 | |
Heidrick & Struggles International, Inc. | 25,893 | 705,066 | |
Hill International, Inc. (a) | 16,222 | 85,977 | |
Hudson Highland Group, Inc. (a)(d) | 6,919 | 46,426 | |
Huron Consulting Group, Inc. (a) | 19,198 | 534,088 | |
ICF International, Inc. (a) | 19,900 | 451,133 | |
IHS, Inc. Class A (a)(d) | 36,836 | 3,083,173 | |
Kelly Services, Inc. Class A (non-vtg.) (a)(d) | 22,445 | 471,794 | |
Kforce, Inc. (a)(d) | 30,240 | 540,086 | |
Korn/Ferry International (a)(d) | 34,882 | 797,403 | |
LECG Corp. (a) | 11,382 | 1,480 | |
Manpower, Inc. | 63,004 | 4,000,754 | |
MISTRAS Group, Inc. (a) | 11,517 | 173,792 | |
Navigant Consulting, Inc. (a) | 42,458 | 398,681 | |
Nielsen Holdings B.V. (a) | 56,234 | 1,495,262 | |
On Assignment, Inc. (a) | 30,613 | 321,437 | |
RCM Technologies, Inc. (a) | 1,400 | 7,112 | |
Resources Connection, Inc. | 37,123 | 716,103 | |
Robert Half International, Inc. | 113,000 | 3,604,700 | |
School Specialty, Inc. (a)(d) | 15,539 | 238,524 | |
SFN Group, Inc. (a) | 36,388 | 503,246 | |
Spherix, Inc. (a) | 2,713 | 1,351 | |
Towers Watson & Co. | 39,178 | 2,303,666 | |
TrueBlue, Inc. (a) | 31,970 | 516,316 | |
Verisk Analytics, Inc. (a) | 90,005 | 2,911,662 | |
VSE Corp. | 2,133 | 57,826 | |
| 38,378,103 | ||
Road & Rail - 0.9% | |||
AMERCO (a) | 5,493 | 530,569 | |
Arkansas Best Corp. (d) | 19,606 | 465,054 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Road & Rail - continued | |||
Avis Budget Group, Inc. (a)(d) | 91,148 | $ 1,396,387 | |
Celadon Group, Inc. (a) | 16,994 | 248,282 | |
Con-way, Inc. (d) | 40,092 | 1,305,396 | |
Covenant Transport Group, Inc. Class A (a) | 2,866 | 24,934 | |
CSX Corp. | 297,790 | 22,233,001 | |
Dollar Thrifty Automotive Group, Inc. (a) | 21,490 | 1,141,334 | |
Genesee & Wyoming, Inc. Class A (a) | 29,171 | 1,519,517 | |
Heartland Express, Inc. (d) | 37,647 | 624,564 | |
Hertz Global Holdings, Inc. (a)(d) | 139,117 | 2,115,970 | |
J.B. Hunt Transport Services, Inc. | 68,820 | 2,863,600 | |
Kansas City Southern (a)(d) | 78,697 | 4,237,046 | |
Knight Transportation, Inc. | 37,691 | 701,430 | |
Landstar System, Inc. (d) | 37,300 | 1,658,731 | |
Marten Transport Ltd. | 24,195 | 516,563 | |
Norfolk Southern Corp. | 290,668 | 19,062,007 | |
Old Dominion Freight Lines, Inc. (a) | 44,557 | 1,371,464 | |
Quality Distribution, Inc. (a)(d) | 6,466 | 65,307 | |
RailAmerica, Inc. (a) | 25,136 | 377,040 | |
Ryder System, Inc. | 42,000 | 2,008,860 | |
Saia, Inc. (a)(d) | 13,559 | 204,470 | |
Swift Transporation Co. | 59,524 | 858,336 | |
Union Pacific Corp. | 398,144 | 37,986,919 | |
Werner Enterprises, Inc. (d) | 38,825 | 914,329 | |
YRC Worldwide, Inc. (a)(d) | 83,799 | 226,257 | |
| 104,657,367 | ||
Trading Companies & Distributors - 0.2% | |||
Aceto Corp. (d) | 15,986 | 126,769 | |
Aircastle Ltd. | 30,934 | 373,683 | |
Applied Industrial Technologies, Inc. | 27,153 | 869,982 | |
Beacon Roofing Supply, Inc. (a)(d) | 51,669 | 1,095,899 | |
BlueLinx Corp. (a) | 10,747 | 41,591 | |
CAI International, Inc. (a) | 8,922 | 188,968 | |
Essex Rental Corp. (a) | 15,231 | 96,717 | |
Fastenal Co. (d) | 105,916 | 6,580,561 | |
GATX Corp. | 31,808 | 1,103,420 | |
H&E Equipment Services, Inc. (a)(d) | 20,181 | 316,438 | |
Houston Wire & Cable Co. | 18,201 | 243,893 | |
Interline Brands, Inc. (a)(d) | 23,660 | 518,391 | |
Kaman Corp. (d) | 19,994 | 637,209 | |
Lawson Products, Inc. | 2,164 | 52,087 | |
MSC Industrial Direct Co., Inc. Class A (d) | 40,969 | 2,588,831 | |
RSC Holdings, Inc. (a)(d) | 43,640 | 594,813 | |
Rush Enterprises, Inc. Class A (a)(d) | 29,403 | 551,894 | |
TAL International Group, Inc. | 19,431 | 677,753 | |
Textainer Group Holdings Ltd. | 9,997 | 353,394 | |
Titan Machinery, Inc. (a)(d) | 20,049 | 515,861 | |
United Rentals, Inc. (a)(d) | 47,069 | 1,458,198 | |
W.W. Grainger, Inc. | 46,174 | 6,150,839 | |
Watsco, Inc. (d) | 19,797 | 1,278,490 | |
| |||
Shares | Value | ||
WESCO International, Inc. (a)(d) | 35,000 | $ 2,037,700 | |
Willis Lease Finance Corp. (a) | 1,200 | 15,816 | |
| 28,469,197 | ||
TOTAL INDUSTRIALS | 1,357,813,316 | ||
INFORMATION TECHNOLOGY - 18.3% | |||
Communications Equipment - 2.1% | |||
Acme Packet, Inc. (a)(d) | 43,538 | 3,275,799 | |
ADTRAN, Inc. | 45,000 | 2,046,600 | |
Alliance Fiber Optic Products, Inc. (a) | 6,359 | 85,529 | |
Anaren, Inc. (a) | 27,831 | 590,574 | |
Arris Group, Inc. (a) | 89,892 | 1,186,574 | |
Aruba Networks, Inc. (a)(d) | 63,333 | 1,928,490 | |
Aviat Networks, Inc. (a) | 77,479 | 473,397 | |
Bel Fuse, Inc. Class B (non-vtg.) | 8,180 | 179,142 | |
BigBand Networks, Inc. (a)(d) | 52,482 | 136,453 | |
Black Box Corp. | 19,489 | 744,285 | |
Blonder Tongue Laboratories, Inc. (a) | 3,900 | 8,073 | |
Blue Coat Systems, Inc. (a)(d) | 35,999 | 1,013,012 | |
Brocade Communications Systems, Inc. (a) | 348,587 | 2,220,499 | |
Calix Networks, Inc. (a)(d) | 17,642 | 313,851 | |
Ciena Corp. (a)(d) | 71,876 | 1,981,621 | |
Cisco Systems, Inc. (a) | 4,426,249 | 82,151,181 | |
Communications Systems, Inc. | 2,718 | 43,869 | |
Comtech Telecommunications Corp. | 26,101 | 706,032 | |
DG FastChannel, Inc. (a)(d) | 30,761 | 1,018,497 | |
Digi International, Inc. (a) | 24,959 | 276,296 | |
Ditech Networks, Inc. (a) | 8,447 | 14,191 | |
EchoStar Holding Corp. Class A (a) | 37,613 | 1,305,171 | |
EMCORE Corp. (a)(d) | 69,212 | 193,101 | |
EMS Technologies, Inc. (a) | 24,115 | 468,796 | |
Emulex Corp. (a) | 77,716 | 854,876 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a)(d) | 81,024 | 317,614 | |
F5 Networks, Inc. (a) | 63,123 | 7,449,145 | |
Finisar Corp. (a)(d) | 60,166 | 2,468,009 | |
Globecomm Systems, Inc. (a) | 13,582 | 144,648 | |
Harmonic, Inc. (a) | 87,814 | 843,893 | |
Harris Corp. | 98,382 | 4,590,504 | |
Infinera Corp. (a)(d) | 76,264 | 610,875 | |
InterDigital, Inc. (d) | 34,017 | 1,621,931 | |
Ixia (a)(d) | 35,026 | 614,706 | |
JDS Uniphase Corp. (a) | 195,500 | 4,822,985 | |
Juniper Networks, Inc. (a) | 418,758 | 18,425,352 | |
KVH Industries, Inc. (a) | 6,576 | 96,536 | |
Lantronix, Inc. (a) | 83 | 316 | |
Loral Space & Communications Ltd. (a) | 7,589 | 574,184 | |
Meru Networks, Inc. (a)(d) | 6,468 | 138,156 | |
Motorola Mobility Holdings, Inc. | 209,281 | 6,320,286 | |
Motorola Solutions, Inc. | 240,035 | 9,274,952 | |
NETGEAR, Inc. (a)(d) | 37,262 | 1,222,194 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Network Engines, Inc. (a) | 2,300 | $ 4,761 | |
Network Equipment Technologies, Inc. (a)(d) | 17,660 | 64,282 | |
NumereX Corp. Class A (a) | 3,105 | 28,566 | |
Oclaro, Inc. (a) | 33,507 | 590,728 | |
Oplink Communications, Inc. (a) | 17,767 | 483,440 | |
Opnext, Inc. (a)(d) | 45,408 | 190,260 | |
Optical Cable Corp. | 656 | 4,264 | |
ORBCOMM, Inc. (a) | 23,301 | 82,719 | |
Parkervision, Inc. (a) | 17,441 | 12,906 | |
PC-Tel, Inc. (a) | 2,627 | 19,676 | |
Performance Technologies, Inc. (a) | 3,463 | 6,926 | |
Plantronics, Inc. | 36,731 | 1,281,545 | |
Polycom, Inc. (a) | 65,048 | 3,109,294 | |
Powerwave Technologies, Inc. (a) | 103,954 | 383,590 | |
Procera Networks, Inc. (a) | 5,000 | 42,600 | |
QUALCOMM, Inc. | 1,281,108 | 76,328,415 | |
Riverbed Technology, Inc. (a)(d) | 113,996 | 4,706,895 | |
SeaChange International, Inc. (a)(d) | 20,553 | 194,020 | |
Sonus Networks, Inc. (a)(d) | 265,678 | 805,004 | |
Sycamore Networks, Inc. | 16,176 | 345,358 | |
Symmetricom, Inc. (a) | 25,258 | 142,960 | |
Tekelec (a)(d) | 52,160 | 400,067 | |
Tellabs, Inc. | 265,143 | 1,429,121 | |
Telular Corp. | 2,100 | 14,595 | |
Tollgrade Communications, Inc. (a) | 2,548 | 25,455 | |
UTStarcom, Inc. (a)(d) | 75,765 | 155,318 | |
ViaSat, Inc. (a)(d) | 27,907 | 1,161,210 | |
Westell Technologies, Inc. Class A (a) | 10,212 | 33,393 | |
Zoom Technologies, Inc. (a)(d) | 28,169 | 105,915 | |
| 254,905,478 | ||
Computers & Peripherals - 3.7% | |||
Apple, Inc. (a) | 732,671 | 258,786,724 | |
Astro-Med, Inc. | 5,359 | 40,246 | |
Avid Technology, Inc. (a)(d) | 21,770 | 480,246 | |
Concurrent Computer Corp. (a) | 1,148 | 7,037 | |
Cray, Inc. (a) | 27,805 | 205,201 | |
Datalink Corp. (a) | 2,627 | 17,732 | |
Dataram Corp. (a) | 3,881 | 8,965 | |
Dell, Inc. (a) | 1,374,380 | 21,756,435 | |
Diebold, Inc. | 49,625 | 1,744,815 | |
Dot Hill Systems Corp. (a) | 34,851 | 113,963 | |
Electronics for Imaging, Inc. (a)(d) | 64,810 | 1,000,018 | |
EMC Corp. (a) | 1,624,934 | 44,214,454 | |
Hauppauge Digital, Inc. (a) | 500 | 1,185 | |
Hewlett-Packard Co. | 1,812,120 | 79,062,796 | |
Hutchinson Technology, Inc. (a)(d) | 11,789 | 37,017 | |
Hypercom Corp. (a)(d) | 36,705 | 366,683 | |
iGO, Inc. (a)(d) | 21,591 | 82,262 | |
Imation Corp. (a) | 17,514 | 201,061 | |
Immersion Corp. (a) | 36,085 | 256,204 | |
| |||
Shares | Value | ||
Intermec, Inc. (a) | 38,256 | $ 429,615 | |
Interphase Corp. (a) | 12,467 | 65,452 | |
Intevac, Inc. (a)(d) | 15,683 | 200,272 | |
Lexmark International, Inc. Class A (a)(d) | 60,587 | 2,273,830 | |
MidgardXXI, Inc. (a) | 10 | 0 | |
NCR Corp. (a) | 120,108 | 2,294,063 | |
NetApp, Inc. (a) | 281,809 | 14,558,253 | |
Novatel Wireless, Inc. (a)(d) | 32,010 | 189,499 | |
OCZ Technology Group, Inc. (a) | 20,732 | 156,112 | |
Overland Storage, Inc. (a) | 693 | 1,095 | |
Presstek, Inc. (a)(d) | 8,481 | 20,100 | |
QLogic Corp. (a) | 92,628 | 1,672,862 | |
Quantum Corp. (a)(d) | 145,293 | 376,309 | |
Rimage Corp. | 7,000 | 105,070 | |
SanDisk Corp. (a) | 183,487 | 9,100,955 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology (a) | 378,630 | 4,808,601 | |
Silicon Graphics International Corp. (a)(d) | 29,148 | 452,085 | |
STEC, Inc. (a)(d) | 30,010 | 613,104 | |
Stratasys, Inc. (a)(d) | 22,294 | 1,011,702 | |
Super Micro Computer, Inc. (a)(d) | 15,000 | 224,250 | |
Synaptics, Inc. (a)(d) | 25,614 | 755,613 | |
Video Display Corp. (a) | 3,439 | 13,240 | |
Western Digital Corp. (a) | 179,171 | 5,479,049 | |
| 453,184,175 | ||
Electronic Equipment & Components - 1.0% | |||
Advanced Photonix, Inc. Class A (a)(d) | 5,286 | 10,889 | |
Aeroflex Holding Corp. | 12,988 | 255,214 | |
Agilysys, Inc. (a)(d) | 29,574 | 148,461 | |
Amphenol Corp. Class A | 134,616 | 7,737,728 | |
Anixter International, Inc. (d) | 21,000 | 1,504,020 | |
Arrow Electronics, Inc. (a) | 89,004 | 3,488,957 | |
Avnet, Inc. (a) | 114,227 | 3,907,706 | |
AVX Corp. | 28,540 | 455,213 | |
Benchmark Electronics, Inc. (a) | 58,190 | 1,097,463 | |
Brightpoint, Inc. (a)(d) | 59,347 | 747,772 | |
CalAmp Corp. (a) | 3,621 | 11,044 | |
Checkpoint Systems, Inc. (a)(d) | 28,100 | 612,018 | |
Clearfield, Inc. (a) | 2,800 | 14,000 | |
Cognex Corp. | 28,237 | 788,095 | |
Coherent, Inc. (a)(d) | 23,737 | 1,465,760 | |
Comverge, Inc. (a) | 24,404 | 124,216 | |
Corning, Inc. | 1,244,802 | 28,705,134 | |
CTS Corp. (d) | 21,333 | 253,009 | |
Daktronics, Inc. (d) | 37,452 | 428,825 | |
Dolby Laboratories, Inc. Class A (a) | 51,564 | 2,607,591 | |
DTS, Inc. (a)(d) | 21,936 | 994,798 | |
Echelon Corp. (a)(d) | 28,938 | 253,497 | |
Electro Rent Corp. | 2,627 | 42,058 | |
Electro Scientific Industries, Inc. (a) | 25,174 | 383,652 | |
Fabrinet (a) | 15,195 | 444,150 | |
FARO Technologies, Inc. (a) | 21,693 | 773,355 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
FLIR Systems, Inc. | 120,718 | $ 3,899,191 | |
Frequency Electronics, Inc. (a) | 500 | 4,030 | |
Gerber Scientific, Inc. (a)(d) | 4,538 | 37,439 | |
Giga-Tronics, Inc. (a) | 3,000 | 7,620 | |
GTSI Corp. (a) | 2,376 | 11,262 | |
Identive Group, Inc. (a) | 600 | 1,578 | |
IEC Electronics Corp. (a)(d) | 100 | 847 | |
Ingram Micro, Inc. Class A (a) | 123,200 | 2,455,376 | |
Insight Enterprises, Inc. (a) | 30,442 | 556,784 | |
IPG Photonics Corp. (a)(d) | 19,405 | 1,104,533 | |
Iteris, Inc. (a) | 1,200 | 1,968 | |
Itron, Inc. (a)(d) | 31,958 | 1,812,338 | |
Jabil Circuit, Inc. | 153,436 | 3,288,133 | |
KEMET Corp. (a) | 27,578 | 383,334 | |
L-1 Identity Solutions, Inc. (a) | 65,365 | 778,497 | |
LeCroy Corp. (a) | 9,671 | 135,781 | |
LightPath Technologies, Inc. Class A (a) | 437 | 625 | |
Littelfuse, Inc. | 24,755 | 1,307,807 | |
LoJack Corp. (a) | 24,509 | 146,564 | |
Maxwell Technologies, Inc. (a)(d) | 16,314 | 295,447 | |
Measurement Specialties, Inc. (a) | 9,947 | 307,760 | |
Mercury Computer Systems, Inc. (a) | 16,844 | 319,699 | |
Mesa Laboratories, Inc. | 2,540 | 76,327 | |
Methode Electronics, Inc. Class A | 32,238 | 377,185 | |
Micronetics, Inc. (a) | 1,137 | 4,662 | |
Microvision, Inc. (a)(d) | 81,097 | 135,432 | |
MOCON, Inc. | 2,570 | 33,590 | |
Molex, Inc. (d) | 100,000 | 2,793,000 | |
MTS Systems Corp. | 19,462 | 901,285 | |
Multi-Fineline Electronix, Inc. (a)(d) | 11,912 | 340,921 | |
National Instruments Corp. | 63,904 | 1,989,332 | |
NeoPhotonics Corp. | 6,076 | 111,495 | |
NetList, Inc. (a) | 21,728 | 51,278 | |
Newport Corp. (a) | 27,067 | 450,666 | |
OSI Systems, Inc. (a) | 20,275 | 762,746 | |
Park Electrochemical Corp. (d) | 18,978 | 603,500 | |
PC Connection, Inc. (a) | 2,687 | 22,840 | |
PC Mall, Inc. (a) | 500 | 5,300 | |
Planar Systems, Inc. (a) | 2,649 | 6,887 | |
Plexus Corp. (a)(d) | 30,922 | 971,878 | |
Power-One, Inc. (a)(d) | 77,257 | 635,825 | |
Pulse Electronics Corp. | 34,299 | 207,166 | |
RadiSys Corp. (a)(d) | 10,726 | 89,348 | |
Research Frontiers, Inc. (a) | 2,000 | 15,680 | |
Richardson Electronics Ltd. | 8,705 | 113,165 | |
Rofin-Sinar Technologies, Inc. (a) | 25,906 | 1,004,635 | |
Rogers Corp. (a) | 20,008 | 943,577 | |
Sanmina-SCI Corp. (a) | 66,811 | 1,043,588 | |
ScanSource, Inc. (a) | 22,961 | 838,765 | |
SMART Modular Technologies (WWH), Inc. (a)(d) | 21,644 | 149,993 | |
| |||
Shares | Value | ||
Spectrum Control, Inc. (a) | 1,791 | $ 25,092 | |
SYNNEX Corp. (a)(d) | 17,416 | 614,436 | |
Tech Data Corp. (a) | 35,292 | 1,749,777 | |
Trimble Navigation Ltd. (a)(d) | 91,432 | 4,493,883 | |
TTM Technologies, Inc. (a)(d) | 52,954 | 928,813 | |
Tyco Electronics Ltd. | 347,466 | 12,522,675 | |
Universal Display Corp. (a)(d) | 43,724 | 1,840,343 | |
Viasystems Group, Inc. (a) | 4,738 | 112,480 | |
Vishay Intertechnology, Inc. (a) | 151,851 | 2,649,800 | |
Vishay Precision Group, Inc. (a) | 11,162 | 184,731 | |
Wayside Technology Group, Inc. | 1,433 | 20,807 | |
X-Rite, Inc. (a)(d) | 29,750 | 138,338 | |
Zygo Corp. (a)(d) | 11,433 | 165,550 | |
| 114,238,029 | ||
Internet Software & Services - 1.7% | |||
Akamai Technologies, Inc. (a) | 142,260 | 5,339,018 | |
Ancestry.com, Inc. (a)(d) | 17,904 | 588,325 | |
AOL, Inc. (a) | 81,798 | 1,707,124 | |
Autobytel, Inc. (a) | 6,680 | 7,548 | |
comScore, Inc. (a)(d) | 24,813 | 683,102 | |
Constant Contact, Inc. (a)(d) | 25,942 | 750,502 | |
DealerTrack Holdings, Inc. (a)(d) | 40,324 | 813,738 | |
Demand Media, Inc. (d) | 7,292 | 164,070 | |
Dice Holdings, Inc. (a)(d) | 24,388 | 334,847 | |
Digital River, Inc. (a)(d) | 29,881 | 1,003,404 | |
EarthLink, Inc. | 93,772 | 771,744 | |
EasyLink Services International Corp. (a) | 600 | 2,502 | |
eBay, Inc. (a) | 895,621 | 30,007,782 | |
Equinix, Inc. (a)(d) | 35,156 | 3,038,885 | |
Google, Inc. Class A (a) | 186,654 | 114,493,564 | |
GSI Commerce, Inc. (a)(d) | 45,019 | 935,945 | |
IAC/InterActiveCorp (a) | 63,912 | 1,985,746 | |
iMergent, Inc. | 7,660 | 46,649 | |
InfoSpace, Inc. (a) | 38,127 | 307,304 | |
Internap Network Services Corp. (a)(d) | 31,452 | 213,874 | |
IntraLinks Holdings, Inc. | 16,000 | 451,040 | |
iPass, Inc. | 26,101 | 38,890 | |
j2 Global Communications, Inc. (a)(d) | 36,797 | 1,070,425 | |
Jupiter Media Metrix, Inc. (a) | 4,711 | 0 | |
Keynote Systems, Inc. | 20,911 | 367,824 | |
KIT Digital, Inc. (a)(d) | 33,823 | 440,037 | |
Limelight Networks, Inc. (a)(d) | 38,482 | 267,450 | |
Liquidity Services, Inc. (a) | 18,306 | 294,177 | |
LivePerson, Inc. (a)(d) | 34,886 | 349,907 | |
LogMeIn, Inc. (a)(d) | 26,702 | 958,335 | |
LoopNet, Inc. (a) | 38,132 | 453,771 | |
Marchex, Inc. Class B | 33,368 | 299,978 | |
ModusLink Global Solutions, Inc. (a) | 36,096 | 249,062 | |
Monster Worldwide, Inc. (a)(d) | 102,447 | 1,756,966 | |
Move, Inc. (a)(d) | 91,866 | 194,756 | |
NIC, Inc. (d) | 56,640 | 574,330 | |
Onstream Media Corp. (a) | 34 | 38 | |
OpenTable, Inc. (a)(d) | 13,086 | 1,162,953 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Openwave Systems, Inc. (a) | 54,415 | $ 120,801 | |
Perficient, Inc. (a) | 16,992 | 211,211 | |
quepasa.com, Inc. (a) | 10,488 | 91,350 | |
QuinStreet, Inc. (d) | 20,497 | 446,630 | |
Rackspace Hosting, Inc. (a)(d) | 88,714 | 3,274,434 | |
RealNetworks, Inc. (a) | 104,429 | 402,052 | |
RightNow Technologies, Inc. (a)(d) | 24,176 | 645,257 | |
Saba Software, Inc. (a)(d) | 3,088 | 21,832 | |
SAVVIS, Inc. (a)(d) | 38,278 | 1,243,652 | |
SciQuest, Inc. | 4,900 | 69,874 | |
Selectica, Inc. (a) | 643 | 3,813 | |
Stamps.com, Inc. | 4,851 | 65,197 | |
Support.com, Inc. (a) | 18,629 | 103,950 | |
Terremark Worldwide, Inc. (a) | 35,051 | 665,268 | |
The Knot, Inc. (a) | 26,713 | 267,931 | |
TheStreet.com, Inc. | 4,299 | 14,273 | |
Travelzoo, Inc. (a)(d) | 4,777 | 188,453 | |
United Online, Inc. (d) | 83,735 | 503,247 | |
ValueClick, Inc. (a) | 65,749 | 981,633 | |
VeriSign, Inc. | 134,565 | 4,748,799 | |
VistaPrint Ltd. (a)(d) | 31,000 | 1,587,510 | |
Vocus, Inc. (a)(d) | 27,197 | 660,887 | |
Web.com, Inc. (a) | 20,761 | 264,080 | |
WebMD Health Corp. (a) | 44,769 | 2,596,602 | |
WebMediaBrands, Inc. (a) | 1,200 | 1,644 | |
Yahoo!, Inc. (a) | 1,007,816 | 16,528,182 | |
Zix Corp. (a) | 50,920 | 187,895 | |
| 208,022,069 | ||
IT Services - 3.1% | |||
Accenture PLC Class A | 491,662 | 25,310,760 | |
Acxiom Corp. (a) | 59,611 | 1,021,733 | |
Alliance Data Systems Corp. (a)(d) | 40,428 | 3,183,301 | |
Automatic Data Processing, Inc. | 397,334 | 19,866,700 | |
Booz Allen Hamilton Holding Corp. Class A | 8,000 | 147,920 | |
Broadridge Financial Solutions, Inc. | 94,665 | 2,169,722 | |
CACI International, Inc. Class A (a)(d) | 23,086 | 1,369,462 | |
Cardtronics, Inc. (a) | 23,612 | 447,447 | |
Ciber, Inc. (a) | 62,714 | 292,874 | |
Cognizant Technology Solutions Corp. Class A (a) | 239,095 | 18,379,233 | |
Computer Sciences Corp. | 121,482 | 5,846,929 | |
Convergys Corp. (a) | 93,827 | 1,320,146 | |
CoreLogic, Inc. (a) | 79,902 | 1,490,172 | |
CSG Systems International, Inc. (a)(d) | 30,887 | 603,841 | |
CSP, Inc. (a) | 4,299 | 17,712 | |
DST Systems, Inc. | 28,971 | 1,477,521 | |
Dynamics Research Corp. (a) | 2,841 | 43,638 | |
Echo Global Logistics, Inc. (a)(d) | 9,011 | 106,510 | |
Edgewater Technology, Inc. (a) | 3,344 | 7,792 | |
eLoyalty Corp. (a) | 5,011 | 34,075 | |
| |||
Shares | Value | ||
ePresence, Inc. | 600 | $ 0 | |
Euronet Worldwide, Inc. (a)(d) | 42,896 | 775,131 | |
Fidelity National Information Services, Inc. | 196,750 | 6,372,733 | |
Fiserv, Inc. (a) | 118,638 | 7,506,226 | |
FleetCor Technologies, Inc. | 9,736 | 311,455 | |
Forrester Research, Inc. (d) | 12,145 | 439,406 | |
Gartner, Inc. Class A (a) | 65,757 | 2,480,354 | |
Genpact Ltd. (a)(d) | 76,989 | 1,073,997 | |
Global Cash Access Holdings, Inc. (a) | 36,284 | 124,817 | |
Global Payments, Inc. | 61,708 | 2,961,367 | |
Hackett Group, Inc. (a)(d) | 2,704 | 9,761 | |
Heartland Payment Systems, Inc. | 35,890 | 702,726 | |
iGate Corp. (d) | 19,291 | 349,167 | |
Innodata Isogen, Inc. (a) | 10,986 | 29,992 | |
Integral Systems, Inc. (a) | 21,096 | 258,215 | |
International Business Machines Corp. | 994,389 | 160,971,691 | |
Jack Henry & Associates, Inc. (d) | 63,360 | 2,021,818 | |
Lender Processing Services, Inc. | 73,000 | 2,487,110 | |
Lionbridge Technologies, Inc. (a) | 40,348 | 148,481 | |
ManTech International Corp. Class A (a)(d) | 26,780 | 1,156,896 | |
Mastech Holdings, Inc. (a) | 348 | 1,705 | |
MasterCard, Inc. Class A | 84,191 | 20,252,987 | |
Maximus, Inc. | 17,521 | 1,296,554 | |
MoneyGram International, Inc. (a) | 50,743 | 140,051 | |
NCI, Inc. Class A (a) | 14,263 | 326,623 | |
NeuStar, Inc. Class A (a) | 56,000 | 1,414,000 | |
Online Resources Corp. (a) | 30,570 | 200,234 | |
Paychex, Inc. | 259,848 | 8,738,688 | |
PFSweb, Inc. (a) | 2,111 | 7,241 | |
SAIC, Inc. (a) | 290,678 | 4,749,679 | |
Sapient Corp. (d) | 95,545 | 1,132,208 | |
SRA International, Inc. Class A (a)(d) | 32,151 | 875,472 | |
StarTek, Inc. (a) | 2,269 | 12,616 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Stream Global Services, Inc. (a) | 34,000 | 107,100 | |
Syntel, Inc. (d) | 19,261 | 1,014,092 | |
Teletech Holdings, Inc. (a) | 22,443 | 511,252 | |
Teradata Corp. (a) | 131,597 | 6,292,969 | |
The Management Network Group, Inc. (a) | 240 | 595 | |
The Western Union Co. | 524,660 | 11,537,273 | |
TNS, Inc. (a) | 28,980 | 546,273 | |
Total System Services, Inc. (d) | 149,686 | 2,656,927 | |
TSR, Inc. (a) | 50 | 248 | |
Unisys Corp. (a) | 28,857 | 1,072,326 | |
VeriFone Systems, Inc. (a)(d) | 65,337 | 2,968,913 | |
Visa, Inc. Class A | 398,720 | 29,126,496 | |
Wright Express Corp. (a)(d) | 28,758 | 1,466,658 | |
XETA Technologies, Inc. (a) | 2,000 | 11,020 | |
Zanett, Inc. (a)(d) | 37,959 | 50,106 | |
| 369,829,137 | ||
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,093,669 | $ 11,756,942 | |
Zebra Technologies Corp. Class A (a) | 45,996 | 1,716,571 | |
| 13,473,513 | ||
Semiconductors & Semiconductor Equipment - 2.9% | |||
Advanced Analogic Technologies, Inc. (a) | 28,971 | 122,547 | |
Advanced Energy Industries, Inc. (a)(d) | 36,156 | 582,835 | |
Advanced Micro Devices, Inc. (a)(d) | 441,120 | 4,062,715 | |
AEHR Test Systems (a) | 3,637 | 6,365 | |
Aetrium, Inc. (a) | 2,400 | 4,416 | |
Altera Corp. | 242,221 | 10,139,371 | |
Amkor Technology, Inc. (a)(d) | 103,886 | 765,640 | |
Amtech Systems, Inc. (a)(d) | 14,403 | 330,837 | |
ANADIGICS, Inc. (a) | 46,131 | 250,491 | |
Analog Devices, Inc. | 228,822 | 9,125,421 | |
Applied Materials, Inc. | 1,058,415 | 17,389,758 | |
Applied Micro Circuits Corp. (a)(d) | 85,622 | 899,031 | |
Atheros Communications, Inc. (a) | 51,172 | 2,293,017 | |
Atmel Corp. (a) | 359,116 | 5,271,823 | |
ATMI, Inc. (a) | 27,202 | 496,164 | |
Axcelis Technologies, Inc. (a)(d) | 87,927 | 241,799 | |
AXT, Inc. (a)(d) | 26,307 | 195,198 | |
Broadcom Corp. Class A | 343,796 | 14,171,271 | |
Brooks Automation, Inc. (a)(d) | 54,086 | 678,779 | |
Cabot Microelectronics Corp. (a) | 26,910 | 1,313,746 | |
Cavium Networks, Inc. (a)(d) | 42,346 | 1,828,500 | |
Ceva, Inc. (a) | 15,930 | 363,204 | |
Cirrus Logic, Inc. (a)(d) | 50,673 | 1,183,215 | |
Cohu, Inc. | 21,049 | 309,841 | |
Conexant Systems, Inc. (a) | 79,592 | 187,837 | |
Cree, Inc. (a)(d) | 83,570 | 4,401,632 | |
Cymer, Inc. (a)(d) | 28,102 | 1,421,961 | |
Cypress Semiconductor Corp. (a) | 118,990 | 2,494,030 | |
Diodes, Inc. (a) | 31,285 | 906,014 | |
DSP Group, Inc. (a) | 29,152 | 230,009 | |
Energy Conversion Devices, Inc. (a)(d) | 56,015 | 219,579 | |
Entegris, Inc. (a)(d) | 120,306 | 1,049,068 | |
Entropic Communications, Inc. (a)(d) | 49,498 | 458,351 | |
Evergreen Solar, Inc. (a)(d) | 29,709 | 65,954 | |
Exar Corp. (a) | 31,629 | 204,640 | |
Fairchild Semiconductor International, Inc. (a)(d) | 115,283 | 2,030,134 | |
FEI Co. (a) | 29,919 | 1,003,184 | |
First Solar, Inc. (a)(d) | 43,463 | 6,406,012 | |
FormFactor, Inc. (a)(d) | 40,019 | 393,387 | |
FSI International, Inc. (a)(d) | 31,326 | 121,232 | |
GT Solar International, Inc. (a)(d) | 76,955 | 822,649 | |
Hittite Microwave Corp. (a)(d) | 18,372 | 1,127,673 | |
Ikanos Communications, Inc. (a) | 40,760 | 51,358 | |
Integrated Device Technology, Inc. (a) | 116,875 | 905,781 | |
Integrated Silicon Solution, Inc. (a) | 31,506 | 308,129 | |
Intel Corp. | 4,446,105 | 95,457,874 | |
| |||
Shares | Value | ||
International Rectifier Corp. (a) | 56,202 | $ 1,806,332 | |
Intersil Corp. Class A | 101,081 | 1,292,826 | |
Intest Corp. (a) | 2,530 | 10,727 | |
IXYS Corp. (a) | 43,219 | 536,780 | |
KLA-Tencor Corp. | 128,419 | 6,269,416 | |
Kopin Corp. (a) | 36,300 | 159,357 | |
Kulicke & Soffa Industries, Inc. (a)(d) | 63,219 | 606,270 | |
Lam Research Corp. (a) | 93,845 | 5,152,091 | |
Lattice Semiconductor Corp. (a) | 171,631 | 1,139,630 | |
Linear Technology Corp. | 166,020 | 5,737,651 | |
LSI Corp. (a) | 463,843 | 2,917,572 | |
LTX-Credence Corp. (a) | 56,688 | 506,791 | |
Marvell Technology Group Ltd. (a) | 424,647 | 7,762,547 | |
Mattson Technology, Inc. (a)(d) | 45,794 | 119,980 | |
Maxim Integrated Products, Inc. | 229,429 | 6,327,652 | |
MaxLinear, Inc. Class A (a) | 12,240 | 128,765 | |
MEMC Electronic Materials, Inc. (a) | 175,246 | 2,378,088 | |
Micrel, Inc. | 38,851 | 522,157 | |
Microchip Technology, Inc. (d) | 136,343 | 5,032,420 | |
Micron Technology, Inc. (a) | 782,713 | 8,711,596 | |
Microsemi Corp. (a) | 61,682 | 1,358,854 | |
Mindspeed Technologies, Inc. (a)(d) | 23,812 | 184,305 | |
MIPS Technologies, Inc. (a)(d) | 48,280 | 587,568 | |
MKS Instruments, Inc. | 40,801 | 1,224,846 | |
Monolithic Power Systems, Inc. (a) | 41,045 | 634,145 | |
MoSys, Inc. (a)(d) | 5,107 | 28,803 | |
Nanometrics, Inc. (a) | 33,344 | 600,859 | |
National Semiconductor Corp. | 195,769 | 3,034,420 | |
Netlogic Microsystems, Inc. (a)(d) | 40,995 | 1,696,783 | |
Novellus Systems, Inc. (a) | 70,862 | 2,831,646 | |
NVE Corp. (a)(d) | 7,030 | 416,528 | |
NVIDIA Corp. (a) | 449,189 | 10,178,623 | |
Omnivision Technologies, Inc. (a) | 51,642 | 1,581,278 | |
ON Semiconductor Corp. (a)(d) | 324,580 | 3,619,067 | |
PDF Solutions, Inc. (a)(d) | 5,015 | 34,704 | |
Pericom Semiconductor Corp. (a) | 20,374 | 204,962 | |
Photronics, Inc. (a)(d) | 52,431 | 468,733 | |
Pixelworks, Inc. (a) | 2,229 | 7,645 | |
PLX Technology, Inc. (a) | 20,754 | 78,035 | |
PMC-Sierra, Inc. (a) | 163,178 | 1,289,106 | |
Power Integrations, Inc. | 33,258 | 1,324,999 | |
QuickLogic Corp. (a)(d) | 14,539 | 72,695 | |
Rambus, Inc. (a) | 83,250 | 1,710,788 | |
Ramtron International Corp. (a) | 5,613 | 12,180 | |
RF Micro Devices, Inc. (a)(d) | 207,898 | 1,559,235 | |
Rubicon Technology, Inc. (a)(d) | 21,254 | 485,016 | |
Rudolph Technologies, Inc. (a)(d) | 15,301 | 169,535 | |
Semtech Corp. (a)(d) | 46,483 | 1,100,717 | |
Sigma Designs, Inc. (a)(d) | 26,543 | 363,108 | |
Silicon Image, Inc. (a)(d) | 98,207 | 789,584 | |
Silicon Laboratories, Inc. (a)(d) | 32,991 | 1,497,791 | |
Skyworks Solutions, Inc. (a)(d) | 140,530 | 5,050,648 | |
Spansion, Inc. Class A (a) | 19,743 | 415,985 | |
Standard Microsystems Corp. (a) | 28,936 | 767,672 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
SunPower Corp. Class A (a) | 83,550 | $ 1,426,199 | |
Supertex, Inc. (a)(d) | 18,603 | 425,265 | |
Tech/Ops Sevcon, Inc. (a) | 2,508 | 16,452 | |
Tegal Corp. (a) | 508 | 365 | |
Teradyne, Inc. (a)(d) | 147,810 | 2,753,700 | |
Tessera Technologies, Inc. (a) | 37,851 | 658,986 | |
Texas Instruments, Inc. | 950,707 | 33,854,676 | |
TranSwitch Corp. (a) | 2,419 | 6,338 | |
Trident Microsystems, Inc. (a)(d) | 25,747 | 34,758 | |
Trio-Tech International (a) | 4,299 | 20,420 | |
TriQuint Semiconductor, Inc. (a)(d) | 115,778 | 1,649,837 | |
Ultra Clean Holdings, Inc. (a)(d) | 15,000 | 158,550 | |
Ultratech, Inc. (a)(d) | 36,536 | 903,170 | |
Varian Semiconductor Equipment Associates, Inc. (a)(d) | 55,372 | 2,641,798 | |
Veeco Instruments, Inc. (a)(d) | 33,948 | 1,615,246 | |
Volterra Semiconductor Corp. (a)(d) | 32,732 | 825,828 | |
Xilinx, Inc. (d) | 195,466 | 6,499,245 | |
Zoran Corp. (a) | 59,085 | 662,343 | |
| 348,945,159 | ||
Software - 3.7% | |||
ACI Worldwide, Inc. (a)(d) | 36,109 | 1,130,573 | |
Activision Blizzard, Inc. | 428,644 | 4,766,521 | |
Actuate Corp. (a) | 49,055 | 233,992 | |
Adobe Systems, Inc. (a) | 406,000 | 14,007,000 | |
Advent Software, Inc. (a)(d) | 31,614 | 916,806 | |
American Software, Inc. Class A (d) | 4,418 | 29,689 | |
ANSYS, Inc. (a)(d) | 81,162 | 4,571,044 | |
Ariba, Inc. (a) | 83,074 | 2,571,140 | |
Aspen Technology, Inc. (a) | 61,609 | 938,305 | |
Authentidate Holding Corp. (a) | 1,900 | 1,017 | |
Autodesk, Inc. (a) | 177,191 | 7,450,882 | |
Bitstream, Inc. Class A (a) | 6,051 | 40,239 | |
Blackbaud, Inc. | 31,757 | 845,054 | |
Blackboard, Inc. (a)(d) | 27,792 | 972,998 | |
BMC Software, Inc. (a) | 138,240 | 6,842,880 | |
Bottomline Technologies, Inc. (a)(d) | 26,416 | 584,058 | |
BroadSoft, Inc. (a)(d) | 15,109 | 533,348 | |
BSQUARE Corp. (a) | 300 | 3,600 | |
CA, Inc. | 319,506 | 7,917,359 | |
Cadence Design Systems, Inc. (a)(d) | 243,605 | 2,423,870 | |
Citrix Systems, Inc. (a) | 145,529 | 10,210,315 | |
CommVault Systems, Inc. (a)(d) | 42,494 | 1,552,306 | |
Compuware Corp. (a) | 166,500 | 1,874,790 | |
Concur Technologies, Inc. (a)(d) | 35,353 | 1,839,417 | |
Datawatch Corp. (a) | 2,268 | 11,907 | |
ebix.com, Inc. (a) | 36,518 | 961,884 | |
Electronic Arts, Inc. (a) | 251,027 | 4,719,308 | |
Epicor Software Corp. (a) | 38,816 | 399,805 | |
EPIQ Systems, Inc. (d) | 34,750 | 479,898 | |
FactSet Research Systems, Inc. | 32,425 | 3,400,734 | |
| |||
Shares | Value | ||
Fair Isaac Corp. (d) | 43,549 | $ 1,217,195 | |
FalconStor Software, Inc. (a) | 18,520 | 90,192 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 33,243 | 1,357,644 | |
Glu Mobile, Inc. (a)(d) | 31,422 | 142,342 | |
GSE Systems, Inc. (a) | 452 | 1,564 | |
Informatica Corp. (a)(d) | 70,941 | 3,334,936 | |
Interactive Intelligence, Inc. (a) | 7,768 | 267,297 | |
Intuit, Inc. (a) | 229,129 | 12,047,603 | |
JDA Software Group, Inc. (a)(d) | 41,914 | 1,236,463 | |
Kenexa Corp. (a)(d) | 14,889 | 345,276 | |
Lawson Software, Inc. (a)(d) | 135,967 | 1,378,705 | |
Magma Design Automation, Inc. (a) | 31,318 | 208,265 | |
Manhattan Associates, Inc. (a) | 23,929 | 770,514 | |
McAfee, Inc. (a) | 119,703 | 5,739,759 | |
Mentor Graphics Corp. (a) | 93,643 | 1,488,924 | |
MICROS Systems, Inc. (a) | 58,853 | 2,803,757 | |
Microsoft Corp. | 6,081,894 | 161,656,743 | |
MicroStrategy, Inc. Class A (a)(d) | 9,796 | 1,164,255 | |
Monotype Imaging Holdings, Inc. (a) | 10,025 | 134,135 | |
Motricity, Inc. (a)(d) | 23,114 | 357,805 | |
NetScout Systems, Inc. (a) | 25,696 | 642,143 | |
NetSol Technologies, Inc. (a) | 26,683 | 48,296 | |
NetSuite, Inc. (a)(d) | 20,025 | 600,950 | |
Novell, Inc. (a) | 241,271 | 1,418,673 | |
Nuance Communications, Inc. (a)(d) | 184,119 | 3,435,661 | |
Opnet Technologies, Inc. | 5,444 | 185,532 | |
Oracle Corp. | 3,056,051 | 100,544,078 | |
Parametric Technology Corp. (a) | 82,569 | 1,956,885 | |
Peerless Systems Corp. (a) | 200 | 614 | |
Pegasystems, Inc. (d) | 18,993 | 765,038 | |
Pervasive Software, Inc. (a) | 4,889 | 28,112 | |
Progress Software Corp. (a) | 54,897 | 1,611,776 | |
PROS Holdings, Inc. (a) | 15,000 | 171,750 | |
QAD, Inc. Class B | 5,000 | 44,700 | |
QLIK Technologies, Inc. | 40,653 | 1,063,482 | |
Quest Software, Inc. (a) | 43,467 | 1,164,481 | |
Radiant Systems, Inc. (a)(d) | 26,015 | 446,157 | |
RealD, Inc. | 25,702 | 577,010 | |
RealPage, Inc. | 10,000 | 248,000 | |
Red Hat, Inc. (a) | 148,414 | 6,126,530 | |
Renaissance Learning, Inc. | 5,254 | 56,428 | |
Rosetta Stone, Inc. (a)(d) | 9,673 | 144,708 | |
Rovi Corp. (a)(d) | 86,679 | 4,803,750 | |
S1 Corp. (a) | 50,691 | 331,012 | |
salesforce.com, Inc. (a) | 92,636 | 12,252,964 | |
Smith Micro Software, Inc. (a) | 24,403 | 228,656 | |
SolarWinds, Inc. (a) | 23,042 | 517,293 | |
Solera Holdings, Inc. | 50,629 | 2,586,129 | |
Sonic Foundry, Inc. (a) | 180 | 2,655 | |
Sourcefire, Inc. (a)(d) | 30,942 | 838,528 | |
SRS Labs, Inc. (a) | 3,224 | 29,145 | |
SS&C Technologies Holdings, Inc. (a) | 9,991 | 195,724 | |
SuccessFactors, Inc. (a)(d) | 53,465 | 1,919,928 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Symantec Corp. (a) | 620,012 | $ 11,178,816 | |
Synchronoss Technologies, Inc. (a) | 28,394 | 972,778 | |
Synopsys, Inc. (a) | 108,453 | 3,006,317 | |
Take-Two Interactive Software, Inc. (a)(d) | 72,312 | 1,162,054 | |
Taleo Corp. Class A (a)(d) | 28,918 | 933,762 | |
TeleCommunication Systems, Inc. Class A (a) | 57,438 | 245,260 | |
TeleNav, Inc. | 14,000 | 157,080 | |
THQ, Inc. (a)(d) | 89,366 | 514,748 | |
TIBCO Software, Inc. (a)(d) | 128,300 | 3,158,746 | |
TiVo, Inc. (a)(d) | 81,385 | 836,638 | |
Tyler Technologies, Inc. (a)(d) | 34,991 | 774,001 | |
Ultimate Software Group, Inc. (a)(d) | 18,927 | 1,011,459 | |
Vasco Data Security International, Inc. (a)(d) | 35,184 | 315,600 | |
Verint Systems, Inc. (a)(d) | 10,000 | 343,800 | |
Versant Corp. (a) | 320 | 4,400 | |
VirnetX Holding Corp. (d) | 30,187 | 362,244 | |
VMware, Inc. Class A (a) | 48,745 | 4,077,519 | |
Wave Systems Corp. Class A (a)(d) | 41,571 | 163,790 | |
Websense, Inc. (a)(d) | 36,344 | 778,488 | |
| 452,958,401 | ||
TOTAL INFORMATION TECHNOLOGY | 2,215,555,961 | ||
MATERIALS - 4.2% | |||
Chemicals - 2.3% | |||
A. Schulman, Inc. | 32,981 | 734,157 | |
Air Products & Chemicals, Inc. | 157,894 | 14,526,248 | |
Airgas, Inc. | 53,783 | 3,365,740 | |
Albemarle Corp. | 70,305 | 4,046,756 | |
American Pacific Corp. (a) | 800 | 4,816 | |
American Vanguard Corp. (d) | 27,915 | 229,740 | |
Arch Chemicals, Inc. | 25,671 | 922,872 | |
Ashland, Inc. | 55,000 | 3,096,500 | |
Balchem Corp. (d) | 31,353 | 1,128,708 | |
Cabot Corp. | 45,141 | 1,952,800 | |
Calgon Carbon Corp. (a)(d) | 45,678 | 641,319 | |
Celanese Corp. Class A | 122,095 | 5,060,838 | |
CF Industries Holdings, Inc. | 56,404 | 7,968,757 | |
Chase Corp. (d) | 1,000 | 16,240 | |
Chemtura Corp. (a) | 85,000 | 1,382,950 | |
Converted Organics, Inc. (a)(d) | 99,007 | 37,138 | |
Cytec Industries, Inc. | 39,369 | 2,237,340 | |
Dow Chemical Co. | 913,034 | 33,928,343 | |
E.I. du Pont de Nemours & Co. | 720,285 | 39,522,038 | |
Eastman Chemical Co. | 52,866 | 4,938,213 | |
Ecolab, Inc. | 184,629 | 8,980,355 | |
Ferro Corp. (a) | 64,111 | 1,020,647 | |
Flotek Industries, Inc. (a)(d) | 63,942 | 415,623 | |
| |||
Shares | Value | ||
FMC Corp. | 56,474 | $ 4,373,347 | |
Georgia Gulf Corp. (a) | 27,000 | 861,840 | |
H.B. Fuller Co. | 34,197 | 736,945 | |
Hawkins, Inc. (d) | 6,199 | 237,236 | |
Huntsman Corp. | 155,123 | 2,737,921 | |
Innophos Holdings, Inc. | 19,698 | 843,665 | |
International Flavors & Fragrances, Inc. | 59,656 | 3,397,409 | |
Intrepid Potash, Inc. (a)(d) | 32,738 | 1,263,687 | |
KMG Chemicals, Inc. | 9,482 | 177,977 | |
Koppers Holdings, Inc. | 25,887 | 1,046,094 | |
Kraton Performance Polymers, Inc. (a) | 22,197 | 761,357 | |
Kronos Worldwide, Inc. | 6,588 | 326,106 | |
Landec Corp. (a)(d) | 30,099 | 185,109 | |
LSB Industries, Inc. (a) | 19,648 | 594,941 | |
Lubrizol Corp. | 53,141 | 5,785,461 | |
LyondellBasell Industries NV Class A (a) | 279,000 | 10,624,320 | |
Minerals Technologies, Inc. | 15,572 | 1,010,311 | |
Monsanto Co. | 432,052 | 31,060,218 | |
Nalco Holding Co. | 99,269 | 2,538,308 | |
Nanophase Technologies Corp. (a) | 4,415 | 6,711 | |
NewMarket Corp. | 8,586 | 1,099,952 | |
NL Industries, Inc. | 6,360 | 86,941 | |
Olin Corp. (d) | 52,893 | 984,339 | |
OM Group, Inc. (a) | 27,564 | 969,977 | |
OMNOVA Solutions, Inc. (a)(d) | 37,528 | 264,197 | |
Penford Corp. (a) | 7,525 | 44,774 | |
PolyOne Corp. (a)(d) | 82,298 | 1,142,296 | |
PPG Industries, Inc. | 130,905 | 11,569,384 | |
Praxair, Inc. | 247,925 | 24,638,787 | |
Quaker Chemical Corp. | 16,836 | 652,058 | |
Rockwood Holdings, Inc. (a)(d) | 39,589 | 1,842,868 | |
RPM International, Inc. (d) | 101,064 | 2,321,440 | |
Senomyx, Inc. (a)(d) | 21,458 | 155,571 | |
Sensient Technologies Corp. (d) | 40,668 | 1,357,498 | |
Sherwin-Williams Co. | 69,732 | 5,726,392 | |
Sigma Aldrich Corp. | 82,823 | 5,291,561 | |
Solutia, Inc. (a) | 93,777 | 2,176,564 | |
Spartech Corp. (a)(d) | 22,470 | 190,546 | |
Stepan Co. | 9,873 | 692,986 | |
STR Holdings, Inc. (a)(d) | 31,364 | 568,002 | |
The Mosaic Co. | 119,037 | 10,219,326 | |
The Scotts Miracle-Gro Co. Class A | 33,840 | 1,900,793 | |
TPC Group, Inc. (a) | 13,000 | 377,650 | |
Valspar Corp. | 67,628 | 2,571,217 | |
W.R. Grace & Co. (a) | 46,875 | 1,783,125 | |
Westlake Chemical Corp. | 13,092 | 625,929 | |
Zagg, Inc. (a)(d) | 24,740 | 223,402 | |
Zep, Inc. | 19,224 | 301,625 | |
Zoltek Companies, Inc. (a)(d) | 46,821 | 684,523 | |
| 285,190,824 | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. (d) | 40,054 | 1,294,545 | |
Headwaters, Inc. (a) | 58,586 | 297,031 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Construction Materials - continued | |||
Martin Marietta Materials, Inc. | 34,324 | $ 3,050,031 | |
Texas Industries, Inc. | 14,848 | 605,501 | |
U.S. Concrete, Inc. (a) | 9,648 | 96,480 | |
Vulcan Materials Co. | 88,757 | 4,069,508 | |
| 9,413,096 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 4,716 | 132,425 | |
Aptargroup, Inc. | 46,833 | 2,255,946 | |
Ball Corp. | 143,064 | 5,164,610 | |
Bemis Co., Inc. | 81,584 | 2,680,034 | |
Boise, Inc. (d) | 87,338 | 784,295 | |
Crown Holdings, Inc. (a) | 126,722 | 4,876,263 | |
Graham Packaging Co., Inc. | 15,632 | 265,588 | |
Graphic Packaging Holding Co. (a) | 34,729 | 180,591 | |
Greif, Inc. Class A | 25,916 | 1,675,729 | |
MOD-PAC Corp. (sub. vtg.) (a) | 1,150 | 6,463 | |
Myers Industries, Inc. | 14,920 | 150,990 | |
Owens-Illinois, Inc. (a) | 128,122 | 3,906,440 | |
Packaging Corp. of America | 79,314 | 2,283,450 | |
Rock-Tenn Co. Class A (d) | 29,372 | 2,016,388 | |
Sealed Air Corp. | 118,874 | 3,271,412 | |
Silgan Holdings, Inc. | 41,096 | 1,499,182 | |
Smurfit-Stone Container Enterprises, Inc. (a) | 70,419 | 2,706,906 | |
Sonoco Products Co. | 80,815 | 2,915,805 | |
Temple-Inland, Inc. | 84,782 | 1,983,051 | |
| 38,755,568 | ||
Metals & Mining - 1.3% | |||
A.M. Castle & Co. (a)(d) | 9,744 | 167,987 | |
AK Steel Holding Corp. (d) | 94,049 | 1,502,903 | |
Alcoa, Inc. | 808,553 | 13,624,118 | |
Allegheny Technologies, Inc. (d) | 71,826 | 4,818,088 | |
Allied Nevada Gold Corp. (a)(d) | 60,426 | 1,833,325 | |
Amcol International Corp. | 19,393 | 605,256 | |
Brush Engineered Materials, Inc. (a) | 25,983 | 1,137,276 | |
Capital Gold Corp. (a)(d) | 61,252 | 333,211 | |
Carpenter Technology Corp. (d) | 32,056 | 1,332,888 | |
Century Aluminum Co. (a)(d) | 58,158 | 985,778 | |
Cliffs Natural Resources, Inc. | 107,074 | 10,393,673 | |
Coeur d'Alene Mines Corp. (a)(d) | 72,713 | 2,291,187 | |
Commercial Metals Co. | 84,856 | 1,414,550 | |
Compass Minerals International, Inc. | 24,846 | 2,322,356 | |
Freeport-McMoRan Copper & Gold, Inc. | 750,582 | 39,743,317 | |
General Moly, Inc. (a)(d) | 57,561 | 301,620 | |
Globe Specialty Metals, Inc. | 40,000 | 931,600 | |
Golden Minerals Co. (a) | 10,000 | 210,500 | |
Haynes International, Inc. | 10,049 | 520,940 | |
Hecla Mining Co. (a)(d) | 216,345 | 2,195,902 | |
Horsehead Holding Corp. (a) | 45,973 | 760,393 | |
Kaiser Aluminum Corp. (d) | 15,063 | 761,133 | |
| |||
Shares | Value | ||
Metals USA Holdings Corp. (a) | 12,084 | $ 180,656 | |
Molycorp, Inc. (d) | 43,557 | 2,090,300 | |
Newmont Mining Corp. | 383,625 | 21,202,954 | |
Noranda Aluminium Holding Corp. (a) | 16,623 | 262,145 | |
Nucor Corp. (d) | 224,585 | 10,771,097 | |
Olympic Steel, Inc. (d) | 11,152 | 299,877 | |
Reliance Steel & Aluminum Co. | 57,400 | 3,175,942 | |
Royal Gold, Inc. (d) | 40,029 | 1,986,239 | |
RTI International Metals, Inc. (a)(d) | 29,113 | 829,721 | |
Schnitzer Steel Industries, Inc. Class A | 16,880 | 1,083,696 | |
Southern Copper Corp. | 168,831 | 7,144,928 | |
Steel Dynamics, Inc. | 167,916 | 3,099,729 | |
Stillwater Mining Co. (a)(d) | 36,480 | 870,778 | |
Synalloy Corp. | 700 | 9,975 | |
Titanium Metals Corp. (a) | 75,186 | 1,427,782 | |
United States Steel Corp. (d) | 113,041 | 6,498,727 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 4,322 | 149,325 | |
US Energy Corp. (a)(d) | 15,796 | 100,936 | |
US Gold Corp. (a) | 79,468 | 576,938 | |
Walter Energy, Inc. | 41,789 | 5,056,887 | |
Worthington Industries, Inc. (d) | 49,734 | 962,850 | |
| 155,969,483 | ||
Paper & Forest Products - 0.2% | |||
AbitibiBowater, Inc. (a) | 55,067 | 1,541,325 | |
Buckeye Technologies, Inc. | 31,041 | 813,274 | |
Clearwater Paper Corp. (a) | 10,067 | 798,313 | |
Deltic Timber Corp. | 15,743 | 956,702 | |
Domtar Corp. | 34,709 | 3,033,567 | |
Glatfelter | 43,011 | 529,465 | |
International Paper Co. | 319,959 | 8,888,461 | |
Kapstone Paper & Packaging Corp. (a) | 32,006 | 548,903 | |
Louisiana-Pacific Corp. (a)(d) | 89,991 | 928,707 | |
MeadWestvaco Corp. | 132,667 | 3,893,776 | |
Neenah Paper, Inc. | 15,999 | 311,501 | |
Schweitzer-Mauduit International, Inc. | 14,486 | 794,267 | |
Wausau-Mosinee Paper Corp. | 43,208 | 346,960 | |
| 23,385,221 | ||
TOTAL MATERIALS | 512,714,192 | ||
TELECOMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 2.2% | |||
8x8, Inc. (a) | 41,665 | 113,329 | |
AboveNet, Inc. (d) | 17,333 | 1,124,738 | |
Alaska Communication Systems Group, Inc. (d) | 65,347 | 665,886 | |
Allegiance Telecom, Inc. (a) | 7,100 | 0 | |
AT&T, Inc. | 4,751,290 | 134,841,610 | |
Atlantic Tele-Network, Inc. (d) | 11,209 | 437,039 | |
Cbeyond, Inc. (a)(d) | 40,071 | 560,193 | |
CenturyLink, Inc. | 232,161 | 9,560,390 | |
Cincinnati Bell, Inc. New (a)(d) | 170,046 | 448,921 | |
Cogent Communications Group, Inc. (a) | 37,872 | 558,233 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Diversified Telecommunication Services - continued | |||
Consolidated Communications Holdings, Inc. | 37,464 | $ 685,217 | |
FairPoint Communications, Inc. (a)(d) | 17,424 | 400,752 | |
Frontier Communications Corp. | 758,088 | 6,436,167 | |
General Communications, Inc. Class A (a) | 32,745 | 395,887 | |
Global Crossing Ltd. (a)(d) | 20,490 | 322,718 | |
Globalstar, Inc. (a)(d) | 72,755 | 96,037 | |
HickoryTech Corp. | 540 | 5,513 | |
Hughes Communications, Inc. (a) | 5,827 | 349,037 | |
IDT Corp. Class B | 13,297 | 346,121 | |
Iridium Communications, Inc. (a) | 41,679 | 391,783 | |
Level 3 Communications, Inc. (a)(d) | 1,497,990 | 2,097,186 | |
Neutral Tandem, Inc. (a)(d) | 32,771 | 563,661 | |
PAETEC Holding Corp. (a)(d) | 79,173 | 300,857 | |
Premiere Global Services, Inc. (a) | 40,771 | 273,573 | |
Qwest Communications International, Inc. | 1,093,792 | 7,459,661 | |
SureWest Communications (a) | 9,983 | 129,979 | |
tw telecom, inc. (a)(d) | 121,944 | 2,268,158 | |
Verizon Communications, Inc. | 2,258,669 | 83,390,059 | |
Vonage Holdings Corp. (a) | 126,259 | 558,065 | |
Windstream Corp. | 370,419 | 4,645,054 | |
| 259,425,824 | ||
Wireless Telecommunication Services - 0.4% | |||
American Tower Corp. Class A (a) | 320,152 | 17,275,402 | |
Clearwire Corp. Class A (a)(d) | 93,666 | 471,140 | |
Crown Castle International Corp. (a) | 196,093 | 8,265,320 | |
FiberTower Corp. (a) | 2,746 | 9,117 | |
Leap Wireless International, Inc. (a)(d) | 57,819 | 706,548 | |
MetroPCS Communications, Inc. (a)(d) | 187,364 | 2,698,042 | |
NII Holdings, Inc. (a) | 129,766 | 5,315,215 | |
NTELOS Holdings Corp. (d) | 25,472 | 494,666 | |
SBA Communications Corp. Class A (a)(d) | 90,933 | 3,827,370 | |
Shenandoah Telecommunications Co. | 20,147 | 352,573 | |
Sprint Nextel Corp. (a) | 2,376,256 | 10,384,239 | |
Telephone & Data Systems, Inc. (d) | 72,069 | 2,425,122 | |
U.S. Cellular Corp. (a) | 9,354 | 467,513 | |
USA Mobility, Inc. | 30,927 | 461,431 | |
| 53,153,698 | ||
TOTAL TELECOMMUNICATION SERVICES | 312,579,522 | ||
UTILITIES - 3.2% | |||
Electric Utilities - 1.5% | |||
Allete, Inc. | 38,638 | 1,460,516 | |
American Electric Power Co., Inc. | 379,847 | 13,590,926 | |
Central Vermont Public Service Corp. | 16,999 | 361,399 | |
Cleco Corp. | 63,378 | 2,050,278 | |
| |||
Shares | Value | ||
DPL, Inc. (d) | 86,061 | $ 2,239,307 | |
Duke Energy Corp. | 1,053,567 | 18,953,670 | |
Edison International | 235,741 | 8,750,706 | |
El Paso Electric Co. (a) | 51,987 | 1,460,835 | |
Empire District Electric Co. | 60,546 | 1,309,610 | |
Entergy Corp. | 148,399 | 10,566,009 | |
Exelon Corp. | 530,357 | 22,147,708 | |
FirstEnergy Corp. (d) | 333,644 | 12,778,565 | |
Great Plains Energy, Inc. | 105,440 | 2,024,448 | |
Hawaiian Electric Industries, Inc. | 68,932 | 1,664,708 | |
IDACORP, Inc. | 36,791 | 1,388,492 | |
ITC Holdings Corp. | 40,146 | 2,752,008 | |
MGE Energy, Inc. | 24,173 | 990,368 | |
NextEra Energy, Inc. | 330,354 | 18,324,736 | |
Northeast Utilities | 127,143 | 4,327,948 | |
NV Energy, Inc. | 186,549 | 2,740,405 | |
Otter Tail Corp. | 37,712 | 849,274 | |
Pepco Holdings, Inc. | 159,369 | 2,984,981 | |
Pinnacle West Capital Corp. | 77,139 | 3,257,580 | |
PNM Resources, Inc. (d) | 78,072 | 1,039,138 | |
Portland General Electric Co. | 76,725 | 1,796,900 | |
PPL Corp. | 379,346 | 9,646,769 | |
Progress Energy, Inc. | 230,561 | 10,538,943 | |
Southern Co. | 657,244 | 25,047,569 | |
UIL Holdings Corp. | 36,832 | 1,132,216 | |
Unisource Energy Corp. (d) | 32,881 | 1,198,841 | |
Unitil Corp. (d) | 18,295 | 417,309 | |
Westar Energy, Inc. (d) | 72,937 | 1,896,362 | |
| 189,688,524 | ||
Gas Utilities - 0.3% | |||
AGL Resources, Inc. (d) | 56,627 | 2,152,392 | |
Atmos Energy Corp. | 68,000 | 2,299,760 | |
Chesapeake Utilities Corp. | 12,055 | 492,326 | |
Delta Natural Gas Co., Inc. | 1,791 | 55,449 | |
Energen Corp. | 53,801 | 3,287,241 | |
Laclede Group, Inc. | 27,414 | 1,066,130 | |
National Fuel Gas Co. (d) | 52,855 | 3,853,130 | |
New Jersey Resources Corp. | 33,701 | 1,409,713 | |
Nicor, Inc. (d) | 34,000 | 1,793,160 | |
Northwest Natural Gas Co. (d) | 25,651 | 1,205,597 | |
ONEOK, Inc. | 77,981 | 5,035,233 | |
Piedmont Natural Gas Co., Inc. (d) | 51,464 | 1,507,895 | |
Questar Corp. | 128,553 | 2,297,242 | |
South Jersey Industries, Inc. | 29,737 | 1,631,372 | |
Southwest Gas Corp. (d) | 45,224 | 1,757,857 | |
UGI Corp. | 84,382 | 2,690,942 | |
WGL Holdings, Inc. (d) | 38,000 | 1,444,000 | |
| 33,979,439 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
AES Corp. (a) | 629,085 | 7,781,781 | |
Black Hills Corp. (d) | 45,161 | 1,391,862 | |
Calpine Corp. (a)(d) | 276,948 | 4,190,223 | |
Constellation Energy Group, Inc. | 138,275 | 4,296,204 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Independent Power Producers & Energy Traders - continued | |||
Dynegy, Inc. (a) | 136,148 | $ 788,297 | |
GenOn Energy, Inc. (a) | 603,451 | 2,443,977 | |
NRG Energy, Inc. (a) | 199,018 | 3,978,370 | |
Ormat Technologies, Inc. | 19,662 | 492,533 | |
| 25,363,247 | ||
Multi-Utilities - 1.1% | |||
Alliant Energy Corp. | 80,209 | 3,158,630 | |
Ameren Corp. | 178,558 | 4,992,482 | |
Avista Corp. | 53,061 | 1,184,322 | |
CenterPoint Energy, Inc. | 293,791 | 4,659,525 | |
CH Energy Group, Inc. | 20,599 | 1,010,587 | |
CMS Energy Corp. | 168,461 | 3,244,559 | |
Consolidated Edison, Inc. | 245,999 | 12,295,030 | |
Dominion Resources, Inc. | 473,419 | 21,602,109 | |
DTE Energy Co. | 128,741 | 6,061,126 | |
Integrys Energy Group, Inc. | 59,574 | 2,917,339 | |
MDU Resources Group, Inc. | 159,579 | 3,426,161 | |
NiSource, Inc. | 201,357 | 3,858,000 | |
NorthWestern Energy Corp. | 49,240 | 1,462,920 | |
NSTAR | 78,821 | 3,558,768 | |
OGE Energy Corp. | 75,931 | 3,652,281 | |
PG&E Corp. | 310,582 | 14,305,407 | |
Public Service Enterprise Group, Inc. | 403,515 | 13,194,941 | |
SCANA Corp. | 83,339 | 3,373,563 | |
Sempra Energy | 176,024 | 9,369,758 | |
TECO Energy, Inc. | 144,323 | 2,613,690 | |
Vectren Corp. (d) | 58,914 | 1,550,616 | |
Wisconsin Energy Corp. | 88,929 | 5,264,597 | |
Xcel Energy, Inc. | 355,426 | 8,508,898 | |
| 135,265,309 | ||
Water Utilities - 0.1% | |||
American States Water Co. | 28,136 | 943,681 | |
American Water Works Co., Inc. | 134,883 | 3,741,654 | |
Aqua America, Inc. (d) | 98,092 | 2,209,032 | |
Artesian Resources Corp. Class A | 3,752 | 73,314 | |
California Water Service Group | 26,251 | 926,135 | |
Middlesex Water Co. | 4,792 | 89,946 | |
SJW Corp. | 12,703 | 315,288 | |
| 8,299,050 | ||
TOTAL UTILITIES | 392,595,569 | ||
TOTAL COMMON STOCKS (Cost $10,066,410,907) | 11,956,885,797 | ||
Nonconvertible Bonds - 0.0% | ||||
| Principal Amount | Value | ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $22,642) | $ 22,600 | $ 14,522 | ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.14% to 0.2% 5/26/11 to 7/28/11 (e) | 14,000,000 | 13,992,200 | ||
Money Market Funds - 9.2% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.19% (b) | 151,026,339 | 151,026,339 | |
Fidelity Securities Lending Cash Central Fund, 0.21% (b)(c) | 955,066,302 | 955,066,302 | |
TOTAL MONEY MARKET FUNDS (Cost $1,106,092,641) | 1,106,092,641 | ||
TOTAL INVESTMENT (Cost $11,186,515,550) | 13,076,985,160 | |
NET OTHER ASSETS (LIABILITIES) - (8.0)% | (963,276,292) | ||
NET ASSETS - 100% | $ 12,113,708,868 | ||
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/ | |||
Purchased | |||||
Equity Index Contracts | |||||
677 CME E-mini S&P 500 Index Contracts | March 2011 | $ 44,888,485 | $ 2,811,550 | ||
97 CME E-mini S&P Midcap 400 Index Contracts | March 2011 | 9,369,230 | 607,196 | ||
253 CME S&P 500 Index Contracts | March 2011 | 83,875,825 | 4,385,243 | ||
229 NYFE Russell Mini Index Contracts | March 2011 | 18,844,410 | 1,093,506 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 156,977,950 | $ 8,897,495 | |||
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 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 $13,992,200. |
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 | $ 206,183 |
Fidelity Securities Lending Cash Central Fund | 4,231,772 |
Total | $ 4,437,955 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2011, 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 Security 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 | $ 1,351,262,064 | $ 1,351,165,938 | $ - | $ 96,126 |
Consumer Staples | 1,038,609,902 | 1,038,609,902 | - | - |
Energy | 1,447,476,820 | 1,447,476,819 | - | 1 |
Financials | 2,010,230,422 | 2,010,230,422 | - | - |
Health Care | 1,318,048,029 | 1,318,048,029 | - | - |
Industrials | 1,357,813,316 | 1,357,813,316 | - | - |
Information Technology | 2,215,555,961 | 2,215,555,961 | - | - |
Materials | 512,714,192 | 512,714,192 | - | - |
Telecommunication Services | 312,579,522 | 312,579,522 | - | - |
Utilities | 392,595,569 | 392,595,569 | - | - |
Corporate Bonds | 14,522 | - | 14,522 | - |
U.S. Government and Government Agency Obligations | 13,992,200 | - | 13,992,200 | - |
Money Market Funds | 1,106,092,641 | 1,106,092,641 | - | - |
Total Investments in Securities: | $ 13,076,985,160 | $ 13,062,882,311 | $ 14,006,722 | $ 96,127 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 8,897,495 | $ 8,897,495 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 384 |
Total Realized Gain (Loss) | 646,392 |
Total Unrealized Gain (Loss) | (384,465) |
Cost of Purchases | 65,645 |
Proceeds of Sales | (2,207,258) |
Amortization/Accretion | - |
Transfers in to Level 3 | 1,975,429 |
Transfers out of Level 3 | - |
Ending Balance | $ 96,127 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 28, 2011 | $ (576,402) |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by risk exposure as of February 28, 2011. 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) | $ 8,897,495 | $ - |
Total Value of Derivatives | $ 8,897,495 | $ - |
(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. |
Income Tax Information |
At February 28, 2011, the Fund had a capital loss carryforward of approximately $407,168,397 of which $160,154,968, $46,727,186 and $200,286,243 will expire in fiscal 2017, 2018 and 2019, respectively. Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. |
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, 2011 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $931,600,684) - See accompanying schedule: Unaffiliated issuers (cost $10,080,422,909) | $ 11,970,892,519 |
|
Fidelity Central Funds (cost $1,106,092,641) | 1,106,092,641 |
|
Total Investments (cost $11,186,515,550) |
| $ 13,076,985,160 |
Cash | 1 | |
Receivable for investments sold | 5,370,914 | |
Receivable for fund shares sold | 15,049,024 | |
Dividends receivable | 20,913,987 | |
Distributions receivable from Fidelity Central Funds | 328,042 | |
Receivable for daily variation on futures contracts | 933,055 | |
Other receivables | 119,582 | |
Total assets | 13,119,699,765 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 4,423,136 | |
Payable for fund shares redeemed | 45,582,641 | |
Accrued management fee | 692,165 | |
Other affiliated payables | 132,747 | |
Other payables and accrued expenses | 93,906 | |
Collateral on securities loaned, at value | 955,066,302 | |
Total liabilities | 1,005,990,897 | |
|
|
|
Net Assets | $ 12,113,708,868 | |
Net Assets consist of: |
| |
Paid in capital | $ 10,673,516,918 | |
Undistributed net investment income | 30,424,214 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (489,599,688) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,899,367,424 | |
Net Assets | $ 12,113,708,868 | |
Investor Class: | $ 38.56 | |
|
|
|
Fidelity Advantage Class: | $ 38.56 | |
|
|
|
Class F: | $ 38.56 | |
Statement of Operations
| Year ended February 28, 2011 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 187,023,414 |
Interest |
| 53,240 |
Income from Fidelity Central Funds |
| 4,437,955 |
Total income |
| 191,514,609 |
|
|
|
Expenses | ||
Management fee | $ 7,054,318 | |
Transfer agent fees | 1,681,912 | |
Independent trustees' compensation | 54,607 | |
Interest | 462 | |
Miscellaneous | 36,750 | |
Total expenses before reductions | 8,828,049 | |
Expense reductions | (361) | 8,827,688 |
Net investment income (loss) | 182,686,921 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | (157,594,888) | |
Foreign currency transactions | (452) | |
Futures contracts | 16,619,897 | |
Total net realized gain (loss) |
| (140,975,443) |
Change in net unrealized appreciation (depreciation) on: Investment securities | 2,237,768,443 | |
Assets and liabilities in foreign currencies | 274 | |
Futures contracts | 6,019,314 | |
Total change in net unrealized appreciation (depreciation) |
| 2,243,788,031 |
Net gain (loss) | 2,102,812,588 | |
Net increase (decrease) in net assets resulting from operations | $ 2,285,499,509 | |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 182,686,921 | $ 161,979,311 |
Net realized gain (loss) | (140,975,443) | (73,319,291) |
Change in net unrealized appreciation (depreciation) | 2,243,788,031 | 3,159,071,575 |
Net increase (decrease) in net assets resulting from operations | 2,285,499,509 | 3,247,731,595 |
Distributions to shareholders from net investment income | (179,834,546) | (160,882,530) |
Distributions to shareholders from net realized gain | (5,804,652) | (4,251,093) |
Total distributions | (185,639,198) | (165,133,623) |
Share transactions - net increase (decrease) | 833,400,574 | 472,190,129 |
Redemption fees | 259,786 | 317,985 |
Total increase (decrease) in net assets | 2,933,520,671 | 3,555,106,086 |
|
|
|
Net Assets | ||
Beginning of period | 9,180,188,197 | 5,625,082,111 |
End of period (including undistributed net investment income of $30,424,214 and undistributed net investment income of $28,277,274, respectively) | $ 12,113,708,868 | $ 9,180,188,197 |
Financial Highlights - Investor Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 | $ 35.89 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .61 | .56 | .70 | .76 | .68 |
Net realized and unrealized gain (loss) | 7.03 | 10.96 | (16.70) | (2.30) | 3.63 |
Total from investment operations | 7.64 | 11.52 | (16.00) | (1.54) | 4.31 |
Distributions from net investment income | (.60) | (.57) | (.64) | (.65) | (.52) |
Distributions from net realized gain | (.02) | (.02) | (.01) | (.24) | - |
Total distributions | (.62) | (.58) I | (.65) H | (.89) | (.52) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 |
Total Return A | 24.39% | 56.10% | (43.32)% | (4.10)% | 12.05% |
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) | 1.80% | 2.00% | 2.23% | 1.84% | 1.80% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 | $ 4,479,327 | $ 3,942,368 |
Portfolio turnover rate D | 4% | 7% | 3% | 4% | 4% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 | $ 35.89 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .62 | .57 | .72 | .77 | .69 |
Net realized and unrealized gain (loss) | 7.03 | 10.95 | (16.71) | (2.30) | 3.63 |
Total from investment operations | 7.65 | 11.52 | (15.99) | (1.53) | 4.32 |
Distributions from net investment income | (.61) | (.57) | (.65) | (.66) | (.53) |
Distributions from net realized gain | (.02) | (.02) | (.01) | (.24) | - |
Total distributions | (.63) | (.59) I | (.65) H | (.90) | (.53) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 |
Total Return A | 24.43% | 56.07% | (43.28)% | (4.07)% | 12.08% |
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) | 1.83% | 2.03% | 2.26% | 1.87% | 1.83% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 | $ 3,565,194 | $ 2,688,207 |
Portfolio turnover rate D | 4% | 7% | 3% | 4% | 4% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
Financial Highlights - Class F
Years ended February 28, | 2011 | 2010 G |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .63 | .26 |
Net realized and unrealized gain (loss) | 7.02 | 1.67 |
Total from investment operations | 7.65 | 1.93 |
Distributions from net investment income | (.61) | (.47) |
Distributions from net realized gain | (.02) | (.02) |
Total distributions | (.63) | (.49) J |
Redemption fees added to paid in capital D, I | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 |
Total Return B, C | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .07% | .07% A |
Expenses net of all reductions | .07% | .07% A |
Net investment income (loss) | 1.83% | 1.98% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 4% | 7% |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower had certain expenses not been reduced during the periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of the 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 Amount represents less than $.01 per share.
J 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.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2011
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 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. Each class has exclusive voting rights with respect to matters that affect that class. 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) web site 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 web site 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:
Security Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security 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 value used for net asset value (NAV) calculation under these procedures may differ from published prices for the same securities.
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)
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, 2011, as well as a roll forward of Level 3 securities, is included at the end of the Fund's Schedule of Investments. 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 an independent pricing service 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 in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds and U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally 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 each business day and are categorized as Level 1 in the hierarchy.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Foreign Currency. The Fund uses 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 rate 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, including distributing substantially all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code and filing its U.S. federal tax return. As a result, no provision for income taxes is required. As of February 28, 2011, the Fund did not have any unrecognized tax benefits in the accompanying financial statements. A fund's federal tax return is subject to examination by the Internal Revenue Service (IRS) for a period of three years. 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.
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 transactions, foreign currency transactions, market discount, partnerships, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 3,203,297,087 |
Gross unrealized depreciation | (1,353,878,902) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 1,849,418,185 |
Tax Cost | $ 11,227,566,975 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 30,518,120 |
Capital loss carryforward | $ (407,168,397) |
Net unrealized appreciation (depreciation) | $ 1,858,315,999 |
The tax character of distributions paid was as follows:
| February 28, 2011 | February 28, 2010 |
Ordinary Income | $ 185,639,198 | $ 165,133,623 |
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.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund used derivative instruments (derivatives), including futures contracts, in order to meet its investment objectives. The strategy is to use 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 sell 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. The Fund's maximum risk of loss from counterparty credit risk is generally the aggregate unrealized appreciation and unpaid counterparty fees in excess of any collateral pledged by the counterparty to the Fund. Counterparty risk related to exchange-traded futures contracts is minimal because of the protection provided by the exchange on which they trade. Derivatives involve, to varying degrees, risk of loss in excess of the amounts recognized in the Statement of Assets and Liabilities.
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). Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
The underlying face amount at value of open futures contracts at period end is shown in the Schedule of Investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument 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. The receivable and/or payable for the variation margin are reflected in the Statement of Assets and Liabilities.
Certain risks arise upon entering into futures contracts, including the risk that an illiquid market limits the ability to close out a futures contract prior to settlement date.
Annual Report
Notes to Financial Statements - continued
4. Derivative Instruments - continued
Futures Contracts - continued
During the period the Fund recognized net realized gain (loss) of $16,619,897 and a change in net unrealized appreciation (depreciation) of $6,019,314 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 $1,219,852,140 and $363,114,986, 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 .07% of 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. In addition, under the expense contract, FMR pays class-level expenses of Investor Class, Fidelity Advantage Class and Class F so that total expenses do not exceed .10%, .07% and .07% of the class's average net assets, respectively, with certain exceptions.
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 of the Fund. FIIOC receives asset-based fees of .06% and .03% of average net assets for Investor Class and Fidelity Advantage Class, respectively. Under the expense contract, the Investor Class pays transfer agent fees at an annual rate of .03% and Fidelity Advantage Class pays no transfer agent fees. 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. For the period, transfer agent fees for each class were as follows:
| Amount | % of |
Investor Class | $ 1,681,912 | .03 |
Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:
Borrower or Lender | Average Daily | Weighted Average Interest Rate | Interest |
Borrower | $ 12,095,333 | .46% | $ 462 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $3.75 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 $36,750 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. 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 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 $4,231,772.
Annual Report
9. Expense Reductions.
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 fees by $361.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
Years ended February 28, | 2011 | 2010A |
From net investment income |
|
|
Investor Class | $ 97,586,465 | $ 95,590,562 |
Fidelity Advantage Class | 75,486,167 | 65,274,148 |
Class F | 6,761,914 | 17,820 |
Total | $ 179,834,546 | $ 160,882,530 |
From net realized gain |
|
|
Investor Class | $ 3,374,672 | $ 2,532,505 |
Fidelity Advantage Class | 2,380,648 | 1,718,022 |
Class F | 49,332 | 566 |
Total | $ 5,804,652 | $ 4,251,093 |
A Distributions for Class F are for the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | 2011 | 2010A | 2011 | 2010A |
Investor Class |
|
|
|
|
Shares sold | 45,341,120 | 58,631,729 | $ 1,545,271,706 | $ 1,595,485,040 |
Reinvestment of distributions | 2,771,120 | 3,222,933 | 98,744,181 | 95,874,263 |
Shares redeemed | (54,866,527) | (54,964,099) | (1,881,537,887) | (1,544,649,200) |
Net increase (decrease) | (6,754,287) | 6,890,563 | $ (237,522,000) | $ 146,710,103 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 35,056,659 | 31,438,080 | $ 1,218,401,959 | $ 867,809,887 |
Reinvestment of distributions | 1,879,344 | 1,945,746 | 67,004,512 | 57,952,352 |
Shares redeemed | (24,186,728) | (24,452,925) | (811,279,711) | (671,959,716) |
Net increase (decrease) | 12,749,275 | 8,930,901 | $ 474,126,760 | $ 253,802,523 |
Class F |
|
|
|
|
Shares sold | 19,381,678 | 2,344,595 | $ 675,778,550 | $ 75,535,202 |
Reinvestment of distributions | 189,593 | 590 | 6,811,246 | 18,386 |
Shares redeemed | (2,465,258) | (123,490) | (85,793,982) | (3,876,085) |
Net increase (decrease) | 17,106,013 | 2,221,695 | $ 596,795,814 | $ 71,677,503 |
A Share transactions for Class F are for the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
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, 2010 to Febru-ary 28, 2011).
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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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 | $ 1,361.00 | $ .59 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,361.60 | $ .41 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Spartan International Index |
|
|
|
|
Investor Class | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,243.10 | $ .56 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,243.40 | $ .39 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
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, 2011 | Past 1 | Past 5 | Past 10 |
Spartan Extended Market Index Fund - Investor Class | 32.95% | 5.67% | 7.58% |
Spartan Extended Market Index Fund - Fidelity Advantage Class A | 33.02% | 5.70% | 7.59% |
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, 2001. 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 IndexSM performed over the same period.
Annual Report
Spartan Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: Steady economic growth, encouraging monetary policy, improving credit-market conditions, an uptick in merger-and-acquisition activity and better-than-expected corporate earnings propelled U.S. stock markets forward during the 12-month period ending February 28, 2011. Uncertainty over the global effects of the debt crisis in Europe and China's attempt to rein in its economy plagued equities during the spring, but markets reacted positively to the Federal Reserve's second round of quantitative easing and, later in the year, stimulative federal tax policies. For the full year, the S&P 500® Index advanced 22.57%, with all but one of the 10 major sectors tracked by MSCI U.S. Investable Market classifications delivering a double-digit gain. While cyclically oriented sectors benefited from an overall improving economy, less economically sensitive sectors fell short of the broad market. Energy and materials stocks performed best, while the health care and consumer staples groups struggled the most.
Comments from Patrick Waddell, member of the Geode Capital Management, LLC, investment management team for Spartan® Extended Market Index Fund: For the 12 months, the fund's Investor Class and Fidelity Advantage Class shares returned 32.95% and 33.02%, respectively, in line with the 32.97% return of the benchmark Dow Jones U.S. Completion Total Stock Market IndexSM. Every sector of the index generated a strong double-digit return. The top-performing group was energy, whose gain of more than 50% was helped by the rising price of oil. Other economically sensitive sectors such as materials, information technology, consumer discretionary and industrials also did very well, rising by 43%, 41%, 37% and 36%, respectively. The weakest-performing sector, telecommunication services, still managed to gain close to 16%. The index's largest weighting, financials, returned about 21%. In a very favorable environment for stocks, many more stocks contributed to performance than detracted. A number of the top contributors, in fact, had a triple-digit return. For example, Las Vegas Sands generated performance of about 180% during the past 12 months. Strong quarterly profits, especially from its Asian properties, boosted the shares of this U.S. casino and resort operator. Software company F5 Networks gained more than 140% - despite a big drop late in the period - on investors' optimism about the company's growth prospects. In October 2010, F5 also announced plans to initiate a stock buyback. Video-rental company Netflix continued to generate strong profits, while a pair of independent oil and gas producers, Concho Resources and Cimarex Energy, did well in the strong environment for energy stocks. Other notable contributors included BorgWarner, a maker of automotive systems; mining equipment manufacturer Joy Global; Atmel, which manufacturers semiconductor-related products; and restaurant chain Chipotle Mexican Grill. On the downside, Seagate Technology stood out. This maker of hard drives saw its shares drop steadily for roughly the first six months of the period before making up modest ground in the second half. Other slight detractors included Cree, a semiconductor and LED-solutions company; air transportation company Delta Air Lines; and marketing services company Dex One.
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, 2011 | ||
| % of fund's | % of fund's net assets |
Las Vegas Sands Corp. | 0.7 | 0.6 |
BlackRock, Inc. Class A | 0.7 | 0.3 |
General Motors Co. | 0.6 | 0.0 |
Annaly Capital Management, Inc. | 0.5 | 0.5 |
LyondellBasell Industries NV | 0.4 | 0.0 |
The Mosaic Co. | 0.4 | 0.4 |
Crown Castle International Corp. | 0.4 | 0.5 |
Bunge Ltd. | 0.4 | 0.4 |
Concho Resources, Inc. | 0.3 | 0.2 |
Marvell Technology Group Ltd. | 0.3 | 0.4 |
| 4.7 | |
Market Sectors as of February 28, 2011 | ||
| % of fund's | % of fund's net assets |
Financials | 20.2 | 21.2 |
Information Technology | 15.9 | 15.6 |
Consumer Discretionary | 14.8 | 14.1 |
Industrials | 13.7 | 13.7 |
Health Care | 11.0 | 11.6 |
Energy | 7.5 | 6.4 |
Materials | 7.1 | 6.2 |
Utilities | 3.7 | 4.3 |
Consumer Staples | 3.1 | 3.6 |
Telecommunication Services | 1.5 | 1.8 |
Percentages are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan Extended Market Index Fund
Investments February 28, 2011
Showing Percentage of Net Assets
Common Stocks - 98.5% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 14.8% | |||
Auto Components - 1.4% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 122,643 | $ 1,639,737 | |
Amerigon, Inc. (a)(d) | 46,251 | 630,864 | |
BorgWarner, Inc. (a)(d) | 224,684 | 17,437,725 | |
Cooper Tire & Rubber Co. | 119,608 | 2,806,004 | |
Dana Holding Corp. (a) | 273,630 | 5,166,134 | |
Dorman Products, Inc. (a) | 26,022 | 902,183 | |
Drew Industries, Inc. | 41,042 | 949,301 | |
Exide Technologies (a) | 150,305 | 1,788,630 | |
Federal-Mogul Corp. Class A (a) | 50,251 | 1,055,774 | |
Fuel Systems Solutions, Inc. (a)(d) | 31,837 | 927,093 | |
Gentex Corp. | 277,405 | 8,399,823 | |
Lear Corp. | 97,717 | 10,338,459 | |
Modine Manufacturing Co. (a)(d) | 95,885 | 1,419,098 | |
Motorcar Parts of America, Inc. (a) | 15,585 | 222,086 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 17,292 | 88,881 | |
Shiloh Industries, Inc. | 9,407 | 112,226 | |
Spartan Motors, Inc. | 62,902 | 399,428 | |
Standard Motor Products, Inc. | 45,134 | 524,908 | |
Stoneridge, Inc. (a) | 56,122 | 846,320 | |
Strattec Security Corp. | 2,933 | 98,256 | |
Superior Industries International, Inc. | 55,337 | 1,100,100 | |
Tenneco, Inc. (a)(d) | 117,284 | 4,677,286 | |
Tower International, Inc. | 17,465 | 302,145 | |
TRW Automotive Holdings Corp. (a) | 199,951 | 11,357,217 | |
Visteon Corp. (a) | 91,053 | 6,733,369 | |
| 79,923,047 | ||
Automobiles - 0.7% | |||
General Motors Co. | 1,110,000 | 37,218,300 | |
Tesla Motors, Inc. (a)(d) | 78,743 | 1,881,170 | |
Thor Industries, Inc. | 68,313 | 2,270,724 | |
Winnebago Industries, Inc. (a)(d) | 65,223 | 943,125 | |
| 42,313,319 | ||
Distributors - 0.2% | |||
Amcon Distributing Co. | 1,022 | 83,804 | |
Audiovox Corp. Class A (a) | 41,307 | 342,022 | |
Core-Mark Holding Co., Inc. (a) | 26,000 | 882,700 | |
LKQ Corp. (a)(d) | 283,815 | 6,743,444 | |
Pool Corp. | 96,950 | 2,419,872 | |
Weyco Group, Inc. | 14,549 | 370,709 | |
| 10,842,551 | ||
Diversified Consumer Services - 0.9% | |||
American Public Education, Inc. (a)(d) | 36,701 | 1,556,856 | |
Archipelago Learning, Inc. (a) | 17,235 | 184,070 | |
Bridgepoint Education, Inc. (a)(d) | 39,904 | 747,003 | |
Cambium Learning Group, Inc. (a) | 16,192 | 57,967 | |
Capella Education Co. (a)(d) | 28,993 | 1,672,026 | |
Career Education Corp. (a)(d) | 128,378 | 3,095,194 | |
Carriage Services, Inc. (a) | 11,500 | 65,550 | |
| |||
Shares | Value | ||
Coinstar, Inc. (a)(d) | 60,000 | $ 2,560,800 | |
Collectors Universe, Inc. | 6,852 | 94,695 | |
Corinthian Colleges, Inc. (a)(d) | 171,819 | 900,332 | |
CPI Corp. | 18,726 | 432,009 | |
Education Management Corp. (a)(d) | 83,218 | 1,611,933 | |
Grand Canyon Education, Inc. (a)(d) | 61,944 | 996,060 | |
Hillenbrand, Inc. | 120,998 | 2,631,707 | |
ITT Educational Services, Inc. (a)(d) | 66,000 | 5,006,100 | |
Jackson Hewitt Tax Service, Inc. (a)(d) | 20,975 | 26,009 | |
K12, Inc. (a) | 60,545 | 2,036,734 | |
Learning Tree International, Inc. | 12,160 | 113,210 | |
Lincoln Educational Services Corp. | 34,105 | 528,969 | |
Mac-Gray Corp. | 17,945 | 286,402 | |
Matthews International Corp. Class A | 59,419 | 2,207,416 | |
National American University Holdings, Inc. | 14,160 | 106,058 | |
Nobel Learning Communities, Inc. (a) | 2,715 | 25,738 | |
Pre-Paid Legal Services, Inc. (a)(d) | 14,416 | 950,591 | |
Princeton Review, Inc. (a) | 51,537 | 47,414 | |
Regis Corp. | 112,181 | 1,966,533 | |
Service Corp. International | 485,064 | 5,287,198 | |
Sotheby's Class A (ltd. vtg.) (d) | 131,693 | 6,481,929 | |
Steiner Leisure Ltd. (a) | 27,542 | 1,298,881 | |
Stewart Enterprises, Inc. Class A | 167,684 | 1,277,752 | |
Strayer Education, Inc. | 27,463 | 3,774,515 | |
Universal Technical Institute, Inc. | 48,727 | 896,577 | |
Weight Watchers International, Inc. | 68,589 | 4,192,846 | |
| 53,117,074 | ||
Hotels, Restaurants & Leisure - 3.0% | |||
AFC Enterprises, Inc. (a) | 59,083 | 873,838 | |
Ambassadors Group, Inc. | 48,627 | 517,878 | |
Ambassadors International, Inc. (a) | 925 | 990 | |
Ameristar Casinos, Inc. | 49,174 | 823,665 | |
ARK Restaurants Corp. | 5,734 | 83,315 | |
Bally Technologies, Inc. (a) | 105,053 | 4,058,197 | |
Benihana, Inc. Class A (sub. vtg.) (a) | 21,797 | 200,532 | |
Biglari Holdings, Inc. (a) | 2,643 | 1,130,570 | |
BJ's Restaurants, Inc. (a)(d) | 44,554 | 1,601,716 | |
Bluegreen Corp. (a) | 20,408 | 87,550 | |
Bob Evans Farms, Inc. | 61,003 | 1,911,834 | |
Boyd Gaming Corp. (a) | 110,830 | 1,184,773 | |
Bravo Brio Restaurant Group, Inc. | 23,096 | 397,944 | |
Brinker International, Inc. | 194,664 | 4,601,857 | |
Buffalo Wild Wings, Inc. (a)(d) | 35,761 | 1,894,975 | |
California Pizza Kitchen, Inc. (a) | 48,832 | 822,331 | |
Caribou Coffee Co., Inc. (a) | 44,167 | 434,603 | |
Carrols Restaurant Group, Inc. (a) | 26,041 | 206,245 | |
CEC Entertainment, Inc. | 43,895 | 1,698,298 | |
Century Casinos, Inc. (a) | 34,404 | 89,450 | |
Chipotle Mexican Grill, Inc. (a)(d) | 61,310 | 15,020,950 | |
Choice Hotels International, Inc. | 63,509 | 2,452,718 | |
Churchill Downs, Inc. | 30,186 | 1,260,567 | |
Cosi, Inc. (a)(d) | 62,262 | 90,903 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Cracker Barrel Old Country Store, Inc. | 44,704 | $ 2,228,047 | |
Denny's Corp. (a) | 205,362 | 798,858 | |
DineEquity, Inc. (a)(d) | 31,817 | 1,820,251 | |
Domino's Pizza, Inc. (a) | 89,672 | 1,512,767 | |
Dover Downs Gaming & Entertainment, Inc. | 25,627 | 90,976 | |
Dover Motorsports, Inc. (a) | 22,686 | 46,053 | |
Einstein Noah Restaurant Group, Inc. | 12,573 | 202,300 | |
Empire Resorts, Inc. (a)(d) | 79,497 | 65,188 | |
Famous Dave's of America, Inc. (a) | 11,903 | 122,125 | |
Frisch's Restaurants, Inc. | 3,179 | 69,302 | |
Full House Resorts, Inc. (a) | 16,893 | 66,727 | |
Gaming Partners International Corp. | 1,584 | 11,706 | |
Gaylord Entertainment Co. (a) | 69,115 | 2,490,213 | |
Great Wolf Resorts, Inc. (a) | 56,227 | 154,624 | |
Hyatt Hotels Corp. Class A (a) | 81,254 | 3,717,371 | |
International Speedway Corp. Class A | 59,824 | 1,658,321 | |
Interval Leisure Group, Inc. (a) | 81,140 | 1,372,077 | |
Isle of Capri Casinos, Inc. (a) | 43,580 | 403,115 | |
Jack in the Box, Inc. (a)(d) | 108,280 | 2,382,160 | |
Jamba, Inc. (a)(d) | 125,986 | 291,028 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 111,187 | 697,142 | |
Lakes Entertainment, Inc. (a) | 25,879 | 69,356 | |
Las Vegas Sands Corp. (a)(d) | 897,000 | 41,835,998 | |
Life Time Fitness, Inc. (a) | 81,730 | 3,134,346 | |
Luby's, Inc. (a) | 29,797 | 159,414 | |
Marcus Corp. | 39,781 | 517,949 | |
MAXXAM, Inc. (a) | 8 | 5,080 | |
McCormick & Schmick's Seafood Restaurants (a) | 24,841 | 255,117 | |
MGM Mirage, Inc. (a)(d) | 640,000 | 8,921,600 | |
Monarch Casino & Resort, Inc. (a) | 24,183 | 252,712 | |
Morgans Hotel Group Co. (a) | 69,584 | 618,602 | |
Morton's Restaurant Group, Inc. (a) | 16,889 | 112,987 | |
MTR Gaming Group, Inc. (a) | 26,173 | 70,405 | |
Multimedia Games, Inc. (a) | 53,167 | 292,419 | |
Nathan's Famous, Inc. (a) | 3,184 | 59,000 | |
O'Charleys, Inc. (a)(d) | 49,235 | 312,642 | |
Orient Express Hotels Ltd. Class A (a) | 180,120 | 2,273,114 | |
P.F. Chang's China Bistro, Inc. | 42,833 | 1,989,165 | |
Panera Bread Co. Class A (a) | 60,448 | 7,057,304 | |
Papa John's International, Inc. (a) | 49,000 | 1,429,820 | |
Peet's Coffee & Tea, Inc. (a)(d) | 26,821 | 1,146,866 | |
Penn National Gaming, Inc. (a)(d) | 130,497 | 4,667,878 | |
Pinnacle Entertainment, Inc. (a) | 120,088 | 1,576,755 | |
Premier Exhibitions, Inc. (a)(d) | 16,798 | 29,229 | |
Red Lion Hotels Corp. (a) | 38,228 | 326,467 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 28,395 | 677,505 | |
Rick's Cabaret International, Inc. (a) | 17,933 | 195,111 | |
Royal Caribbean Cruises Ltd. (a) | 264,498 | 11,582,367 | |
| |||
Shares | Value | ||
Ruby Tuesday, Inc. (a)(d) | 125,216 | $ 1,672,886 | |
Ruth's Hospitality Group, Inc. (a)(d) | 60,328 | 302,243 | |
Scientific Games Corp. Class A (a)(d) | 135,208 | 1,211,464 | |
Shuffle Master, Inc. (a) | 141,090 | 1,327,657 | |
Silverleaf Resorts, Inc. (a) | 31,000 | 76,570 | |
Six Flags Entertainment Corp. | 54,280 | 3,384,901 | |
Sonic Corp. (a) | 125,987 | 1,118,765 | |
Speedway Motorsports, Inc. | 25,955 | 379,462 | |
Summit Hotel Properties, Inc. | 55,111 | 537,332 | |
Texas Roadhouse, Inc. Class A | 115,351 | 1,958,660 | |
The Cheesecake Factory, Inc. (a)(d) | 109,589 | 3,182,465 | |
Town Sports International Holdings, Inc. (a) | 34,405 | 158,607 | |
Vail Resorts, Inc. (a)(d) | 71,225 | 3,475,780 | |
VCG Holding Corp. (a)(d) | 18,692 | 41,496 | |
Wendy's/Arby's Group, Inc. | 633,339 | 3,014,694 | |
WMS Industries, Inc. (a) | 114,207 | 4,544,297 | |
| 177,602,537 | ||
Household Durables - 1.1% | |||
American Greetings Corp. Class A (d) | 73,463 | 1,590,474 | |
Bassett Furniture Industries, Inc. (a) | 10,564 | 71,307 | |
Beazer Homes USA, Inc. (a)(d) | 153,380 | 713,217 | |
Blyth, Inc. | 13,705 | 471,041 | |
Brookfield Homes Corp. (a)(d) | 21,083 | 307,179 | |
Cavco Industries, Inc. (a) | 15,629 | 637,976 | |
Cobra Electronics Corp. (a) | 1,132 | 4,370 | |
CSS Industries, Inc. | 16,089 | 281,558 | |
Dixie Group, Inc. (a) | 9,546 | 46,012 | |
Emerson Radio Corp. | 9,263 | 24,362 | |
Ethan Allen Interiors, Inc. (d) | 57,544 | 1,268,845 | |
Flexsteel Industries, Inc. | 8,780 | 128,627 | |
Furniture Brands International, Inc. (a) | 83,264 | 364,696 | |
Garmin Ltd. (d) | 223,139 | 7,575,569 | |
Helen of Troy Ltd. (a) | 56,240 | 1,570,783 | |
Hooker Furniture Corp. | 26,465 | 360,453 | |
Hovnanian Enterprises, Inc. | 108,656 | 443,316 | |
iRobot Corp. (a) | 47,265 | 1,357,451 | |
Jarden Corp. | 180,916 | 5,946,709 | |
KB Home (d) | 145,551 | 1,928,551 | |
Kid Brands, Inc. (a) | 39,286 | 367,717 | |
La-Z-Boy, Inc. (a) | 102,293 | 1,027,022 | |
Libbey, Inc. (a)(d) | 43,749 | 752,045 | |
Lifetime Brands, Inc. (a)(d) | 17,993 | 216,096 | |
M.D.C. Holdings, Inc. | 70,813 | 1,858,841 | |
M/I Homes, Inc. (a) | 38,453 | 513,348 | |
Meritage Homes Corp. (a)(d) | 57,668 | 1,488,411 | |
Mohawk Industries, Inc. (a)(d) | 108,709 | 6,317,080 | |
NVR, Inc. (a)(d) | 11,042 | 8,037,030 | |
Ryland Group, Inc. | 88,680 | 1,539,485 | |
Sealy Corp., Inc. (a)(d) | 104,312 | 300,419 | |
Skyline Corp. | 14,802 | 297,372 | |
Standard Pacific Corp. (a)(d) | 204,738 | 818,952 | |
Stanley Furniture Co., Inc. (a)(d) | 20,799 | 114,395 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Tempur-Pedic International, Inc. (a)(d) | 128,515 | $ 6,032,494 | |
Toll Brothers, Inc. (a)(d) | 268,012 | 5,697,935 | |
Tupperware Brands Corp. | 122,819 | 6,589,239 | |
Universal Electronics, Inc. (a)(d) | 28,987 | 789,896 | |
| 67,850,273 | ||
Internet & Catalog Retail - 0.5% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 102,656 | 281,277 | |
Bidz.com, Inc. (a) | 10,552 | 16,883 | |
Blue Nile, Inc. (a)(d) | 35,065 | 2,005,017 | |
dELiA*s, Inc. (a) | 25,316 | 49,873 | |
drugstore.com, Inc. (a)(d) | 150,784 | 300,060 | |
eDiets.com, Inc. (a) | 14,028 | 10,030 | |
Gaiam, Inc. Class A | 23,010 | 176,027 | |
Geeknet, Inc. (a) | 7,040 | 197,120 | |
Hollywood Media Corp. (a) | 31,946 | 52,711 | |
HSN, Inc. (a) | 78,306 | 2,543,379 | |
Liberty Media Corp. Interactive | 1,174,949 | 18,869,681 | |
NutriSystem, Inc. (d) | 55,804 | 738,287 | |
Orbitz Worldwide, Inc. (a)(d) | 57,753 | 203,868 | |
Overstock.com, Inc. (a)(d) | 30,448 | 464,332 | |
PetMed Express, Inc. (d) | 45,901 | 683,466 | |
Shutterfly, Inc. (a) | 53,346 | 2,277,874 | |
US Auto Parts Network, Inc. (a) | 28,450 | 231,014 | |
ValueVision Media, Inc. Class A (a) | 59,596 | 398,697 | |
Vitacost.com, Inc. (a)(d) | 42,996 | 220,569 | |
| 29,720,165 | ||
Leisure Equipment & Products - 0.3% | |||
Arctic Cat, Inc. (a) | 27,225 | 346,030 | |
Black Diamond, Inc. (a) | 5,000 | 33,850 | |
Brunswick Corp. (d) | 171,751 | 3,955,426 | |
Callaway Golf Co. | 130,960 | 1,013,630 | |
Cybex International, Inc. (a) | 14,718 | 11,039 | |
Eastman Kodak Co. (a)(d) | 517,129 | 1,758,239 | |
Escalade, Inc. | 6,336 | 36,939 | |
Gametech International, Inc. (a) | 13,061 | 4,245 | |
JAKKS Pacific, Inc. (a)(d) | 58,677 | 1,093,739 | |
Johnson Outdoors, Inc. Class A (a) | 1,929 | 29,784 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 86,806 | 376,738 | |
Marine Products Corp. (a)(d) | 22,297 | 162,768 | |
Meade Instruments Corp. (a) | 201 | 846 | |
Nautilus, Inc. (a) | 41,463 | 110,292 | |
Polaris Industries, Inc. (d) | 62,844 | 4,741,580 | |
RC2 Corp. (a)(d) | 42,542 | 923,587 | |
Smith & Wesson Holding Corp. (a)(d) | 147,064 | 586,785 | |
Steinway Musical Instruments, Inc. (a) | 16,626 | 357,126 | |
Sturm Ruger & Co., Inc. | 40,168 | 725,434 | |
Summer Infant, Inc. (a) | 10,281 | 75,565 | |
| 16,343,642 | ||
| |||
Shares | Value | ||
Media - 2.3% | |||
A.H. Belo Corp. Class A (a)(d) | 32,177 | $ 231,353 | |
Arbitron, Inc. | 52,721 | 2,098,823 | |
Ascent Media Corp. (a) | 31,330 | 1,307,088 | |
Atrinsic, Inc. (a) | 521 | 1,308 | |
Ballantyne of Omaha, Inc. (a) | 38,181 | 277,194 | |
Beasley Broadcast Group, Inc. | 4,117 | 25,237 | |
Belo Corp. Series A (a) | 191,951 | 1,529,849 | |
Carmike Cinemas, Inc. (a)(d) | 27,922 | 200,480 | |
Charter Communications, Inc. | 76,348 | 3,494,448 | |
Cinemark Holdings, Inc. | 116,160 | 2,332,493 | |
CKX, Inc. (a) | 140,091 | 494,521 | |
Clear Channel Outdoor Holding, Inc. Class A (a) | 82,097 | 1,210,110 | |
Crown Media Holdings, Inc. | 52,220 | 126,895 | |
Cumulus Media, Inc. Class A (a)(d) | 58,225 | 284,138 | |
Dex One Corp. (a) | 102,416 | 539,732 | |
DISH Network Corp. Class A (a) | 413,359 | 9,610,597 | |
DreamWorks Animation SKG, Inc. | 121,081 | 3,344,257 | |
E.W. Scripps Co. Class A (a) | 67,028 | 641,458 | |
Emmis Communications Corp. | 80,456 | 88,502 | |
Entercom Communications Corp. | 52,600 | 688,008 | |
Entravision Communication Corp. | 90,792 | 213,361 | |
Fisher Communications, Inc. (a) | 15,280 | 408,893 | |
Global Traffic Network, Inc. (a) | 10,368 | 130,118 | |
Gray Television, Inc. (a)(d) | 81,190 | 180,242 | |
Harris Interactive, Inc. (a) | 49,977 | 49,477 | |
Harte-Hanks, Inc. | 78,322 | 993,906 | |
Insignia Systems, Inc. | 14,162 | 94,744 | |
interCLICK, Inc. (a) | 46,809 | 264,003 | |
John Wiley & Sons, Inc. Class A | 100,725 | 4,815,662 | |
Journal Communications, Inc. Class A (a) | 87,795 | 539,061 | |
Knology, Inc. (a) | 68,669 | 955,872 | |
Lamar Advertising Co. Class A (a)(d) | 112,396 | 4,357,593 | |
Lee Enterprises, Inc. (a)(d) | 73,717 | 218,939 | |
Liberty Global, Inc. Class A (a)(d) | 456,853 | 19,233,511 | |
Liberty Media Corp.: | |||
Capital Series A (a) | 148,999 | 10,811,367 | |
Starz Series A (a) | 101,917 | 7,154,573 | |
LIN TV Corp. Class A (a) | 61,433 | 375,356 | |
Live Nation Entertainment, Inc. (a) | 287,310 | 3,054,105 | |
LodgeNet Entertainment Corp. (a)(d) | 50,214 | 178,762 | |
Madison Square Garden, Inc. Class A (a) | 115,963 | 3,311,903 | |
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 61,948 | 253,987 | |
Media General, Inc. Class A (a)(d) | 25,434 | 173,969 | |
Mediacom Communications Corp. | 88,609 | 781,531 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Meredith Corp. | 70,340 | $ 2,480,188 | |
Morningstar, Inc. (d) | 42,977 | 2,521,890 | |
National CineMedia, Inc. | 110,277 | 2,083,133 | |
Navarre Corp. (a)(d) | 59,344 | 120,468 | |
New Frontier Media, Inc. (a) | 31,250 | 65,938 | |
Nexstar Broadcasting Group, Inc. | 9,670 | 67,497 | |
NTN Communications, Inc. (a) | 16,316 | 7,832 | |
Outdoor Channel Holdings, Inc. | 25,606 | 200,495 | |
Playboy Enterprises, Inc. Class B (non-vtg.) (a) | 52,949 | 325,107 | |
Point.360 (a) | 2,433 | 1,562 | |
PRIMEDIA, Inc. | 26,029 | 121,295 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 71,002 | 157,624 | |
ReachLocal, Inc. (d) | 17,434 | 331,943 | |
Reading International, Inc. Class A (a) | 22,804 | 115,160 | |
Regal Entertainment Group Class A | 153,864 | 2,298,728 | |
Rentrak Corp. (a) | 19,535 | 516,310 | |
Saga Communications, Inc. Class A (a) | 1,905 | 55,245 | |
Salem Communications Corp. Class A | 10,000 | 42,200 | |
Scholastic Corp. | 48,156 | 1,512,098 | |
Sinclair Broadcast Group, Inc. Class A | 104,583 | 1,353,304 | |
Sirius XM Radio, Inc. (a)(d) | 7,617,890 | 13,788,381 | |
Spanish Broadcasting System, Inc. | 67,440 | 62,719 | |
SPAR Group, Inc. (a) | 4,346 | 4,346 | |
SuperMedia, Inc. (a)(d) | 31,732 | 267,183 | |
The McClatchy Co. Class A (a)(d) | 133,924 | 537,035 | |
The New York Times Co. Class A (a)(d) | 186,745 | 1,942,148 | |
Valassis Communications, Inc. (a) | 98,738 | 2,786,386 | |
Value Line, Inc. | 1,396 | 20,130 | |
Virgin Media, Inc. (d) | 588,206 | 16,022,731 | |
Warner Music Group Corp. (a) | 101,713 | 611,295 | |
Westwood One, Inc. (a)(d) | 878 | 6,023 | |
World Wrestling Entertainment, Inc. | 76,162 | 983,251 | |
| 138,487,071 | ||
Multiline Retail - 0.4% | |||
99 Cents Only Stores (a)(d) | 104,561 | 1,739,895 | |
Dillard's, Inc. Class A | 95,985 | 4,064,005 | |
Dollar General Corp. (a) | 65,756 | 1,857,607 | |
Dollar Tree, Inc. (a) | 249,805 | 12,570,188 | |
Duckwall-ALCO Stores, Inc. (a) | 5,890 | 80,457 | |
Fred's, Inc. Class A | 74,252 | 1,023,193 | |
Gordmans Stores, Inc. | 8,479 | 127,015 | |
Retail Ventures, Inc. (a) | 44,203 | 773,553 | |
Saks, Inc. (a)(d) | 240,524 | 2,946,419 | |
The Bon-Ton Stores, Inc. (a)(d) | 31,972 | 500,682 | |
Tuesday Morning Corp. (a) | 85,411 | 398,869 | |
| 26,081,883 | ||
| |||
Shares | Value | ||
Specialty Retail - 2.8% | |||
A.C. Moore Arts & Crafts, Inc. (a) | 32,596 | $ 104,796 | |
Aarons, Inc. Class A (d) | 144,433 | 3,399,953 | |
Advance Auto Parts, Inc. (d) | 167,000 | 10,467,560 | |
Aeropostale, Inc. (a) | 183,389 | 4,757,111 | |
America's Car Mart, Inc. (a) | 24,361 | 603,666 | |
American Eagle Outfitters, Inc. | 395,135 | 6,065,322 | |
AnnTaylor Stores Corp. (a)(d) | 113,749 | 2,640,114 | |
Asbury Automotive Group, Inc. (a)(d) | 64,542 | 1,190,800 | |
Ascena Retail Group, Inc. (a) | 135,833 | 4,243,423 | |
Barnes & Noble, Inc. (d) | 83,021 | 1,111,651 | |
bebe Stores, Inc. | 66,198 | 390,568 | |
Big 5 Sporting Goods Corp. | 37,628 | 524,534 | |
Body Central Corp. | 9,479 | 161,712 | |
Books-A-Million, Inc. (d) | 19,056 | 112,812 | |
Brown Shoe Co., Inc. (d) | 83,784 | 1,298,652 | |
Build-A-Bear Workshop, Inc. (a) | 33,647 | 222,743 | |
Cabela's, Inc. Class A (a) | 82,863 | 2,248,073 | |
Cache, Inc. (a) | 27,814 | 110,143 | |
Casual Male Retail Group, Inc. (a) | 90,382 | 385,931 | |
Charming Shoppes, Inc. (a) | 209,173 | 683,996 | |
Chico's FAS, Inc. | 352,710 | 4,846,235 | |
Christopher & Banks Corp. | 68,531 | 418,724 | |
Citi Trends, Inc. (a)(d) | 30,443 | 669,442 | |
Coldwater Creek, Inc. (a)(d) | 111,162 | 329,040 | |
Collective Brands, Inc. (a) | 123,726 | 2,820,953 | |
Conn's, Inc. (a)(d) | 31,766 | 141,359 | |
Cost Plus, Inc. (a)(d) | 34,446 | 324,826 | |
Destination Maternity Corp. | 12,644 | 570,244 | |
Dick's Sporting Goods, Inc. (a) | 171,502 | 6,369,584 | |
Dreams, Inc. (a) | 34,061 | 101,161 | |
DSW, Inc. Class A (a)(d) | 29,714 | 1,206,686 | |
Express, Inc. (d) | 76,041 | 1,367,217 | |
Finish Line, Inc. Class A | 97,438 | 1,701,267 | |
Foot Locker, Inc. | 304,264 | 6,045,726 | |
Genesco, Inc. (a) | 46,152 | 1,823,927 | |
Golfsmith International Holdings, Inc. (a) | 2,576 | 11,077 | |
Group 1 Automotive, Inc. | 45,915 | 1,939,909 | |
Guess?, Inc. (d) | 125,000 | 5,661,250 | |
Hastings Entertainment, Inc. (a) | 8,009 | 45,571 | |
Haverty Furniture Companies, Inc. | 46,862 | 623,265 | |
hhgregg, Inc. (a)(d) | 44,703 | 663,393 | |
Hibbett Sports, Inc. (a)(d) | 59,523 | 1,869,617 | |
Hot Topic, Inc. | 93,449 | 499,952 | |
J. Crew Group, Inc. (a) | 119,484 | 5,152,150 | |
Jo-Ann Stores, Inc. (a) | 53,822 | 3,266,995 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 54,956 | 2,534,021 | |
Kirkland's, Inc. (a)(d) | 33,294 | 508,732 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 45,718 | 692,171 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 47,662 | 1,109,571 | |
MarineMax, Inc. (a) | 45,781 | 413,402 | |
Midas, Inc. (a)(d) | 29,295 | 226,450 | |
Monro Muffler Brake, Inc. | 61,433 | 2,007,630 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
New York & Co., Inc. (a) | 52,517 | $ 364,993 | |
Office Depot, Inc. (a) | 534,365 | 2,837,478 | |
OfficeMax, Inc. (a) | 166,260 | 2,284,412 | |
Pacific Sunwear of California, Inc. (a)(d) | 134,412 | 606,198 | |
Penske Automotive Group, Inc. (a)(d) | 90,815 | 1,849,902 | |
Perfumania Holdings, Inc. (a) | 1,076 | 8,662 | |
PetSmart, Inc. | 232,531 | 9,503,542 | |
Pier 1 Imports, Inc. (a) | 227,808 | 2,296,305 | |
Rent-A-Center, Inc. | 130,409 | 4,311,322 | |
rue21, Inc. (a)(d) | 31,869 | 1,116,052 | |
Sally Beauty Holdings, Inc. (a)(d) | 183,626 | 2,381,629 | |
Select Comfort Corp. (a) | 108,417 | 1,206,681 | |
Shoe Carnival, Inc. (a) | 18,743 | 486,193 | |
Signet Jewelers Ltd. (a) | 166,328 | 7,296,809 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 69,602 | 1,000,877 | |
Stage Stores, Inc. | 76,001 | 1,325,457 | |
Stein Mart, Inc. | 52,962 | 433,759 | |
Syms Corp. (a) | 1,855 | 12,447 | |
Systemax, Inc. (a)(d) | 17,556 | 239,815 | |
Talbots, Inc. (a)(d) | 78,980 | 493,625 | |
The Buckle, Inc. (d) | 51,362 | 2,007,741 | |
The Cato Corp. Class A (sub. vtg.) | 55,931 | 1,356,327 | |
The Children's Place Retail Stores, Inc. (a) | 54,953 | 2,511,352 | |
The Men's Wearhouse, Inc. | 102,424 | 2,734,721 | |
The Pep Boys - Manny, Moe & Jack | 104,716 | 1,312,091 | |
Tractor Supply Co. | 142,139 | 7,401,178 | |
Trans World Entertainment Corp. (a) | 21,837 | 38,215 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 93,045 | 3,882,768 | |
Vitamin Shoppe, Inc. (a) | 49,867 | 1,734,873 | |
West Marine, Inc. (a)(d) | 30,261 | 315,622 | |
Wet Seal, Inc. Class A (a)(d) | 251,975 | 1,000,341 | |
Williams-Sonoma, Inc. | 188,000 | 6,784,920 | |
Winmark Corp. | 2,614 | 96,692 | |
Zale Corp. (a)(d) | 48,284 | 198,930 | |
Zumiez, Inc. (a)(d) | 41,748 | 1,088,370 | |
| 169,205,406 | ||
Textiles, Apparel & Luxury Goods - 1.2% | |||
American Apparel, Inc. (a)(d) | 61,564 | 70,183 | |
Carter's, Inc. (a) | 117,349 | 3,363,222 | |
Charles & Colvard Ltd. (a)(d) | 15,719 | 61,776 | |
Cherokee, Inc. | 28,809 | 489,177 | |
Columbia Sportswear Co. | 29,262 | 1,837,361 | |
Crocs, Inc. (a) | 170,359 | 3,006,836 | |
Culp, Inc. (a) | 19,568 | 196,658 | |
Deckers Outdoor Corp. (a)(d) | 75,287 | 6,641,819 | |
Delta Apparel, Inc. (a) | 10,557 | 138,613 | |
Forward Industries, Inc. (NY Shares) (a) | 13,103 | 48,088 | |
Fossil, Inc. (a) | 92,566 | 7,103,515 | |
G-III Apparel Group Ltd. (a)(d) | 32,729 | 1,286,904 | |
Hallwood Group, Inc. (a) | 360 | 9,108 | |
| |||
Shares | Value | ||
Hanesbrands, Inc. (a) | 190,556 | $ 4,937,306 | |
Heelys, Inc. (a) | 13,425 | 37,053 | |
Iconix Brand Group, Inc. (a)(d) | 145,186 | 3,208,611 | |
Joe's Jeans, Inc. (a)(d) | 83,654 | 92,019 | |
K-Swiss, Inc. Class A (a) | 60,461 | 605,215 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 22,360 | 290,680 | |
Lacrosse Footwear, Inc. | 1,491 | 25,854 | |
Liz Claiborne, Inc. (a)(d) | 185,849 | 955,264 | |
Maidenform Brands, Inc. (a) | 46,328 | 1,257,342 | |
Movado Group, Inc. (a)(d) | 36,887 | 519,000 | |
Oxford Industries, Inc. (d) | 27,916 | 673,334 | |
Perry Ellis International, Inc. (a) | 25,193 | 731,605 | |
Phillips-Van Heusen Corp. | 120,000 | 7,201,200 | |
Quiksilver, Inc. (a)(d) | 263,119 | 1,134,043 | |
R.G. Barry Corp. | 22,932 | 249,042 | |
Rocky Brands, Inc. (a) | 9,370 | 136,708 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 68,269 | 1,418,630 | |
Steven Madden Ltd. (a)(d) | 49,253 | 2,124,774 | |
Tandy Brands Accessories, Inc. (a) | 1,058 | 3,185 | |
The Jones Group, Inc. | 170,193 | 2,263,567 | |
Timberland Co. Class A (a) | 84,924 | 3,137,093 | |
True Religion Apparel, Inc. (a)(d) | 49,223 | 1,170,031 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 73,945 | 4,897,377 | |
Unifi, Inc. (a) | 31,874 | 605,287 | |
Vera Bradley, Inc. (d) | 20,783 | 713,896 | |
Volcom, Inc. (d) | 32,597 | 583,486 | |
Warnaco Group, Inc. (a)(d) | 88,000 | 5,166,480 | |
Wolverine World Wide, Inc. | 95,255 | 3,501,574 | |
| 71,892,916 | ||
TOTAL CONSUMER DISCRETIONARY | 883,379,884 | ||
CONSUMER STAPLES - 3.1% | |||
Beverages - 0.2% | |||
Boston Beer Co., Inc. Class A (a)(d) | 19,134 | 1,776,018 | |
Central European Distribution Corp. (a)(d) | 125,264 | 2,862,282 | |
Coca-Cola Bottling Co. Consolidated | 10,828 | 624,776 | |
Craft Brewers Alliance, Inc. (a)(d) | 16,572 | 133,405 | |
Crystal Rock Holdings, Inc. (a) | 4,384 | 4,231 | |
Hansen Natural Corp. (a) | 139,130 | 8,006,932 | |
Jones Soda Co. (a)(d) | 42,540 | 58,280 | |
MGP Ingredients, Inc. (d) | 21,690 | 197,162 | |
National Beverage Corp. | 24,036 | 305,017 | |
Primo Water Corp. | 20,202 | 258,182 | |
| 14,226,285 | ||
Food & Staples Retailing - 0.4% | |||
Andersons, Inc. | 36,582 | 1,757,399 | |
Arden Group, Inc. Class A | 2,161 | 168,126 | |
BJ's Wholesale Club, Inc. (a) | 103,247 | 4,999,220 | |
Casey's General Stores, Inc. | 75,184 | 3,087,807 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food & Staples Retailing - continued | |||
Fresh Market, Inc. | 24,415 | $ 996,132 | |
Ingles Markets, Inc. Class A | 31,589 | 607,456 | |
Nash-Finch Co. | 26,058 | 1,051,961 | |
PriceSmart, Inc. | 32,402 | 1,153,187 | |
Rite Aid Corp. (a) | 1,192,464 | 1,562,128 | |
Ruddick Corp. | 80,197 | 2,943,230 | |
Spartan Stores, Inc. | 47,038 | 708,863 | |
Susser Holdings Corp. (a) | 26,144 | 362,094 | |
The Pantry, Inc. (a) | 48,462 | 763,761 | |
United Natural Foods, Inc. (a)(d) | 85,536 | 3,631,003 | |
Village Super Market, Inc. Class A | 8,400 | 252,336 | |
Weis Markets, Inc. | 23,890 | 947,716 | |
Winn-Dixie Stores, Inc. (a)(d) | 117,587 | 820,757 | |
| 25,813,176 | ||
Food Products - 1.6% | |||
Alico, Inc. | 6,793 | 180,082 | |
B&G Foods, Inc. Class A | 91,321 | 1,369,815 | |
Bridgford Foods Corp. (d) | 4,789 | 54,595 | |
Bunge Ltd. | 284,501 | 20,532,437 | |
Cal-Maine Foods, Inc. (d) | 27,895 | 805,329 | |
Calavo Growers, Inc. (d) | 26,969 | 626,220 | |
Chiquita Brands International, Inc. (a)(d) | 87,972 | 1,512,239 | |
Corn Products International, Inc. | 148,955 | 7,271,983 | |
Darling International, Inc. (a) | 207,698 | 2,884,925 | |
Del Monte Foods Co. | 382,112 | 7,233,380 | |
Diamond Foods, Inc. (d) | 43,189 | 2,200,480 | |
Dole Food Co., Inc. (a)(d) | 69,598 | 1,026,571 | |
Farmer Brothers Co. | 11,589 | 152,164 | |
Flowers Foods, Inc. | 180,781 | 4,808,775 | |
Fresh Del Monte Produce, Inc. | 79,425 | 2,269,967 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 228,699 | 9,326,345 | |
Griffin Land & Nurseries, Inc. | 2,210 | 72,908 | |
Hain Celestial Group, Inc. (a)(d) | 85,897 | 2,561,449 | |
Harbinger Group, Inc. (a) | 13,241 | 71,899 | |
HQ Sustainable Maritime Industries, Inc. (a)(d) | 36,390 | 148,835 | |
Imperial Sugar Co. | 28,869 | 311,785 | |
Inventure Foods, Inc. (a) | 12,355 | 52,262 | |
J&J Snack Foods Corp. | 28,888 | 1,270,205 | |
John B. Sanfilippo & Son, Inc. (a)(d) | 18,703 | 225,371 | |
Lancaster Colony Corp. | 40,370 | 2,330,156 | |
Lifeway Foods, Inc. (a)(d) | 9,724 | 89,461 | |
Limoneira Co. (d) | 14,107 | 324,602 | |
Omega Protein Corp. (a) | 43,375 | 498,379 | |
Overhill Farms, Inc. (a) | 28,537 | 178,071 | |
Pilgrims Pride Corp. (a)(d) | 86,817 | 669,359 | |
Ralcorp Holdings, Inc. (a)(d) | 107,907 | 6,997,769 | |
Reddy Ice Holdings, Inc. (a)(d) | 45,654 | 144,267 | |
Sanderson Farms, Inc. (d) | 42,135 | 1,742,282 | |
Seneca Foods Corp. Class A (a) | 21,181 | 595,822 | |
| |||
Shares | Value | ||
Smart Balance, Inc. (a) | 144,048 | $ 625,168 | |
Smithfield Foods, Inc. (a)(d) | 306,899 | 7,104,712 | |
Snyders-Lance, Inc. | 81,024 | 1,476,257 | |
Tasty Baking Co. (d) | 4,304 | 12,654 | |
Tootsie Roll Industries, Inc. (d) | 47,206 | 1,350,092 | |
TreeHouse Foods, Inc. (a)(d) | 69,795 | 3,641,205 | |
| 94,750,277 | ||
Household Products - 0.4% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 116,081 | 1,069,106 | |
Church & Dwight Co., Inc. | 137,575 | 10,378,658 | |
Energizer Holdings, Inc. (a) | 135,972 | 9,087,009 | |
Oil-Dri Corp. of America | 9,479 | 192,518 | |
Orchids Paper Products Co. | 19,438 | 241,226 | |
Spectrum Brands Holdings, Inc. (a) | 38,172 | 1,095,536 | |
WD-40 Co. | 34,427 | 1,399,802 | |
| 23,463,855 | ||
Personal Products - 0.4% | |||
Alberto-Culver Co. | 173,687 | 6,468,104 | |
Elizabeth Arden, Inc. (a) | 52,168 | 1,517,567 | |
Herbalife Ltd. | 115,395 | 9,048,122 | |
Inter Parfums, Inc. | 30,033 | 542,696 | |
Mannatech, Inc. (a) | 15,760 | 30,417 | |
MediFast, Inc. (a)(d) | 28,489 | 659,235 | |
Nature's Sunshine Products, Inc. (a) | 700 | 5,761 | |
Nu Skin Enterprises, Inc. Class A | 108,902 | 3,476,152 | |
Nutraceutical International Corp. (a) | 22,373 | 331,120 | |
Parlux Fragrances, Inc. (a) | 13,118 | 41,846 | |
Physicians Formula Holdings, Inc. (a) | 15,509 | 58,934 | |
Prestige Brands Holdings, Inc. (a) | 100,714 | 1,109,868 | |
Reliv International, Inc. | 10,690 | 24,587 | |
Revlon, Inc. (a) | 22,903 | 342,171 | |
Schiff Nutrition International, Inc. | 26,843 | 230,045 | |
The Female Health Co. | 40,896 | 208,570 | |
United-Guardian, Inc. | 2,824 | 42,445 | |
USANA Health Sciences, Inc. (a)(d) | 16,664 | 580,240 | |
| 24,717,880 | ||
Tobacco - 0.1% | |||
Alliance One International, Inc. (a)(d) | 181,559 | 659,059 | |
Star Scientific, Inc. (a)(d) | 217,867 | 392,161 | |
Universal Corp. (d) | 47,003 | 1,965,665 | |
Vector Group Ltd. (d) | 87,821 | 1,483,297 | |
| 4,500,182 | ||
TOTAL CONSUMER STAPLES | 187,471,655 | ||
ENERGY - 7.5% | |||
Energy Equipment & Services - 2.4% | |||
Atwood Oceanics, Inc. (a)(d) | 108,013 | 4,916,752 | |
Basic Energy Services, Inc. (a)(d) | 65,515 | 1,256,578 | |
Bolt Technology Corp. (a) | 24,542 | 354,632 | |
Bristow Group, Inc. (a)(d) | 66,984 | 3,209,873 | |
Bronco Drilling Co., Inc. (a) | 62,021 | 555,088 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Cal Dive International, Inc. (a) | 192,996 | $ 1,327,812 | |
Carbo Ceramics, Inc. | 38,709 | 4,798,755 | |
Complete Production Services, Inc. (a) | 143,936 | 4,146,796 | |
Dawson Geophysical Co. (a)(d) | 17,762 | 886,679 | |
Dresser-Rand Group, Inc. (a)(d) | 163,300 | 8,047,424 | |
Dril-Quip, Inc. (a)(d) | 60,251 | 4,621,252 | |
ENGlobal Corp. (a) | 44,577 | 213,524 | |
Exterran Holdings, Inc. (a)(d) | 124,321 | 2,822,087 | |
Geokinetics, Inc. (a) | 29,001 | 299,580 | |
Global Geophysical Services, Inc. (a) | 39,010 | 548,871 | |
Global Industries Ltd. (a) | 220,536 | 1,980,413 | |
Gulf Island Fabrication, Inc. | 26,386 | 817,174 | |
Gulfmark Offshore, Inc. Class A (a) | 54,013 | 2,397,097 | |
Helix Energy Solutions Group, Inc. (a)(d) | 208,864 | 3,216,506 | |
Hercules Offshore, Inc. (a) | 230,000 | 1,136,200 | |
Hornbeck Offshore Services, Inc. (a)(d) | 48,820 | 1,386,976 | |
ION Geophysical Corp. (a)(d) | 225,815 | 2,894,948 | |
Key Energy Services, Inc. (a)(d) | 275,439 | 4,269,305 | |
Lufkin Industries, Inc. | 57,937 | 4,527,777 | |
Matrix Service Co. (a) | 58,410 | 815,404 | |
McDermott International, Inc. (a) | 451,784 | 10,368,443 | |
Mitcham Industries, Inc. (a) | 14,875 | 164,815 | |
Natural Gas Services Group, Inc. (a) | 25,396 | 491,159 | |
Newpark Resources, Inc. (a)(d) | 177,377 | 1,238,091 | |
Oceaneering International, Inc. (a) | 106,000 | 8,864,780 | |
Oil States International, Inc. (a)(d) | 97,810 | 7,119,590 | |
OYO Geospace Corp. (a) | 9,619 | 978,060 | |
Parker Drilling Co. (a) | 223,615 | 1,176,215 | |
Patterson-UTI Energy, Inc. | 300,660 | 8,220,044 | |
PHI, Inc. (non-vtg.) (a) | 30,743 | 660,975 | |
Pioneer Drilling Co. (a) | 96,322 | 1,090,365 | |
Pride International, Inc. (a) | 313,489 | 13,012,928 | |
RigNet, Inc. | 14,834 | 218,060 | |
RPC, Inc. (d) | 93,262 | 1,826,070 | |
SEACOR Holdings, Inc. | 41,842 | 3,965,366 | |
Sulphco, Inc. (a)(d) | 85,471 | 11,710 | |
Superior Energy Services, Inc. (a) | 155,150 | 5,943,797 | |
Tesco Corp. (a)(d) | 64,554 | 1,187,148 | |
TETRA Technologies, Inc. (a) | 147,151 | 2,032,155 | |
TGC Industries, Inc. | 14,752 | 98,838 | |
Tidewater, Inc. | 98,895 | 6,152,258 | |
Union Drilling, Inc. (a) | 29,459 | 228,013 | |
Unit Corp. (a)(d) | 91,852 | 5,465,194 | |
Willbros Group, Inc. (a) | 74,884 | 850,682 | |
| 142,812,259 | ||
Oil, Gas & Consumable Fuels - 5.1% | |||
Abraxas Petroleum Corp. (a) | 191,861 | 1,145,410 | |
Adams Resources & Energy, Inc. | 14,021 | 396,093 | |
Alon USA Energy, Inc. (d) | 31,382 | 347,713 | |
Alpha Natural Resources, Inc. (a)(d) | 236,629 | 12,830,024 | |
Amyris, Inc. (d) | 21,800 | 708,282 | |
| |||
Shares | Value | ||
APCO Oil and Gas International, Inc. | 18,682 | $ 1,512,121 | |
Approach Resources, Inc. (a) | 46,367 | 1,509,246 | |
Arch Coal, Inc. | 319,460 | 10,711,494 | |
Atlas Energy, Inc. | 153,384 | 2 | |
ATP Oil & Gas Corp. (a)(d) | 86,564 | 1,758,115 | |
Barnwell Industries, Inc. (a) | 3,174 | 23,805 | |
Berry Petroleum Co. Class A (d) | 91,710 | 4,768,003 | |
Bill Barrett Corp. (a)(d) | 83,738 | 3,255,733 | |
BioFuel Energy Corp. (a) | 50,429 | 43,611 | |
BPZ Energy, Inc. (a)(d) | 201,636 | 1,310,634 | |
Brigham Exploration Co. (a) | 227,140 | 8,308,781 | |
Callon Petroleum Co. (a) | 58,810 | 492,828 | |
Carrizo Oil & Gas, Inc. (a)(d) | 60,468 | 2,250,619 | |
Cheniere Energy, Inc. (a)(d) | 146,962 | 1,525,466 | |
Cimarex Energy Co. | 165,051 | 19,167,373 | |
Clayton Williams Energy, Inc. (a) | 18,611 | 1,974,255 | |
Clean Energy Fuels Corp. (a)(d) | 97,569 | 1,369,869 | |
Cloud Peak Energy, Inc. (a) | 112,084 | 2,297,722 | |
Cobalt International Energy, Inc. (a) | 201,139 | 3,149,837 | |
Comstock Resources, Inc. (a)(d) | 89,090 | 2,365,340 | |
Concho Resources, Inc. (a) | 184,923 | 19,697,998 | |
Contango Oil & Gas Co. (a)(d) | 27,952 | 1,712,899 | |
Continental Resources, Inc. (a) | 60,741 | 4,223,322 | |
CREDO Petroleum Corp. (a) | 10,253 | 126,625 | |
Crimson Exploration, Inc. (a) | 55,157 | 238,830 | |
Crosstex Energy, Inc. | 96,258 | 989,532 | |
Cubic Energy, Inc. (a) | 11,543 | 8,542 | |
CVR Energy, Inc. (a) | 143,858 | 2,718,916 | |
Delek US Holdings, Inc. | 31,238 | 351,428 | |
Delta Petroleum Corp. (a)(d) | 396,867 | 464,334 | |
DHT Holdings, Inc. (d) | 140,401 | 652,865 | |
Double Eagle Petroleum Co. (a) | 27,291 | 297,745 | |
Endeavor International Corp. (a)(d) | 57,335 | 774,596 | |
Energy Partners Ltd. (a) | 62,783 | 1,027,758 | |
Evergreen Energy, Inc. (a)(d) | 49,466 | 182,035 | |
Evolution Petroleum Corp. (a) | 25,501 | 212,678 | |
EXCO Resources, Inc. (d) | 334,372 | 6,844,595 | |
FieldPoint Petroleum Corp. (a) | 9,981 | 49,506 | |
Forest Oil Corp. (a)(d) | 220,497 | 7,825,439 | |
Frontier Oil Corp. | 204,123 | 5,695,032 | |
FX Energy, Inc. (a)(d) | 101,249 | 1,160,314 | |
Gasco Energy, Inc. (a) | 187,719 | 100,430 | |
Gastar Exploration Ltd. (a) | 112,646 | 557,598 | |
General Maritime Corp. (d) | 158,594 | 444,063 | |
GeoMet, Inc. (a) | 38,693 | 52,622 | |
Georesources, Inc. (a) | 33,576 | 1,056,637 | |
Gevo, Inc. (a) | 14,437 | 284,553 | |
GMX Resources, Inc. (a)(d) | 104,152 | 540,549 | |
Goodrich Petroleum Corp. (a)(d) | 59,308 | 1,206,325 | |
Green Plains Renewable Energy, Inc. (a)(d) | 34,360 | 420,223 | |
Gulfport Energy Corp. (a) | 55,771 | 1,650,264 | |
Harvest Natural Resources, Inc. (a)(d) | 68,202 | 1,016,210 | |
HKN, Inc. (a) | 2,038 | 6,929 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Holly Corp. | 87,535 | $ 5,001,750 | |
Houston American Energy Corp. (d) | 36,081 | 577,657 | |
Hyperdynamics Corp. (a)(d) | 212,206 | 1,154,401 | |
International Coal Group, Inc. (a)(d) | 347,967 | 3,434,434 | |
Isramco, Inc. (a) | 1,059 | 69,174 | |
James River Coal Co. (a)(d) | 56,098 | 1,178,058 | |
Kinder Morgan Holding Co. LLC (d) | 199,973 | 6,099,177 | |
Kodiak Oil & Gas Corp. (a)(d) | 336,629 | 2,548,282 | |
Lucas Energy, Inc. (a)(d) | 25,312 | 51,383 | |
Magellan Petroleum Corp. (a) | 98,389 | 266,634 | |
Magnum Hunter Resources Corp. (a)(d) | 147,204 | 1,053,981 | |
McMoRan Exploration Co. (a)(d) | 168,647 | 2,951,323 | |
Miller Petroleum, Inc. (a)(d) | 61,949 | 340,100 | |
NGAS Resources, Inc. (a)(d) | 118,883 | 66,586 | |
Northern Oil & Gas, Inc. (a)(d) | 108,395 | 3,443,709 | |
Oasis Petroleum, Inc. (a)(d) | 81,820 | 2,824,426 | |
Overseas Shipholding Group, Inc. (d) | 55,418 | 1,870,912 | |
Pacific Ethanol, Inc. (a)(d) | 220,331 | 149,825 | |
Panhandle Royalty Co. Class A | 14,442 | 417,518 | |
Patriot Coal Corp. (a)(d) | 151,299 | 3,570,656 | |
Penn Virginia Corp. | 91,461 | 1,488,070 | |
Petrohawk Energy Corp. (a) | 594,386 | 12,838,738 | |
Petroleum Development Corp. (a) | 45,540 | 2,137,192 | |
Petroquest Energy, Inc. (a)(d) | 116,987 | 1,008,428 | |
Plains Exploration & Production Co. (a)(d) | 273,957 | 10,730,896 | |
PostRock Energy Corp. (a) | 15,646 | 96,223 | |
PrimeEnergy Corp. (a) | 1,965 | 52,800 | |
Quicksilver Resources, Inc. (a) | 234,875 | 3,638,214 | |
Ram Energy Resources, Inc. (a) | 134,902 | 236,079 | |
Rentech, Inc. (a)(d) | 462,003 | 591,364 | |
Resolute Energy Corp. (a)(d) | 95,091 | 1,724,000 | |
Rex American Resources Corp. (a) | 16,822 | 246,779 | |
Rex Energy Corp. (a) | 68,589 | 864,221 | |
Rosetta Resources, Inc. (a) | 103,591 | 4,698,888 | |
Royale Energy, Inc. (a)(d) | 5,582 | 33,436 | |
SandRidge Energy, Inc. (a)(d) | 735,805 | 7,954,052 | |
SemGroup Corp. Class A (a) | 72,646 | 2,332,663 | |
Ship Finance International Ltd. | 83,458 | 1,735,092 | |
SM Energy Co. (d) | 122,979 | 8,912,288 | |
Southern Union Co. | 226,713 | 6,465,855 | |
Stone Energy Corp. (a) | 83,398 | 2,525,291 | |
Swift Energy Co. (a) | 82,384 | 3,538,393 | |
Syntroleum Corp. (a)(d) | 146,427 | 235,747 | |
Targa Resources Corp. | 26,537 | 869,617 | |
Teekay Corp. (d) | 81,245 | 2,795,640 | |
Tengasco, Inc. (a)(d) | 63,216 | 51,837 | |
Toreador Resources Corp. (a)(d) | 47,652 | 722,881 | |
Tri-Valley Corp. (a)(d) | 35,638 | 14,612 | |
Ultra Petroleum Corp. (a)(d) | 297,456 | 13,489,630 | |
| |||
Shares | Value | ||
Uranium Energy Corp. (a)(d) | 119,558 | $ 681,481 | |
Uranium Resources, Inc. (a)(d) | 186,574 | 528,004 | |
USEC, Inc. (a)(d) | 238,636 | 1,269,544 | |
Vaalco Energy, Inc. (a) | 119,162 | 955,679 | |
Venoco, Inc. (a) | 43,302 | 798,922 | |
Verenium Corp. (a)(d) | 21,835 | 71,400 | |
W&T Offshore, Inc. | 71,281 | 1,819,804 | |
Warren Resources, Inc. (a) | 155,341 | 764,278 | |
Western Refining, Inc. (a)(d) | 108,273 | 1,761,602 | |
Westmoreland Coal Co. (a) | 15,985 | 217,396 | |
Whiting Petroleum Corp. (a) | 231,256 | 15,110,267 | |
World Fuel Services Corp. | 135,762 | 5,625,977 | |
Zion Oil & Gas, Inc. (a)(d) | 47,607 | 218,992 | |
Zion Oil & Gas, Inc. warrants 12/31/12 (a)(d) | 6,501 | 13,847 | |
| 304,749,873 | ||
TOTAL ENERGY | 447,562,132 | ||
FINANCIALS - 20.2% | |||
Capital Markets - 2.3% | |||
Affiliated Managers Group, Inc. (a) | 100,304 | 10,707,452 | |
Arlington Asset Investment Corp. | 20,855 | 585,191 | |
Artio Global Investors, Inc. Class A | 80,053 | 1,268,840 | |
BGC Partners, Inc. Class A (d) | 100,085 | 956,813 | |
BlackRock, Inc. Class A | 190,000 | 38,758,100 | |
Calamos Asset Management, Inc. | 42,824 | 710,022 | |
Cohen & Steers, Inc. (d) | 39,350 | 1,149,020 | |
Cowen Group, Inc. Class A (a) | 64,791 | 277,305 | |
Deerfield Capital Corp. (a) | 4,454 | 28,817 | |
Diamond Hill Investment Group, Inc. | 5,018 | 373,741 | |
Duff & Phelps Corp. Class A | 46,376 | 730,422 | |
Eaton Vance Corp. (non-vtg.) | 231,102 | 7,233,493 | |
Epoch Holding Corp. | 26,352 | 414,517 | |
Evercore Partners, Inc. Class A | 38,160 | 1,315,757 | |
FBR Capital Markets Corp. (a) | 107,732 | 400,763 | |
Financial Engines, Inc. (a) | 53,529 | 1,306,643 | |
FirstCity Financial Corp. (a) | 5,260 | 37,136 | |
FXCM, Inc. Class A | 29,307 | 333,514 | |
GAMCO Investors, Inc. Class A | 11,674 | 542,141 | |
GFI Group, Inc. | 127,737 | 638,685 | |
Gleacher & Co., Inc. (a)(d) | 147,210 | 282,643 | |
Greenhill & Co., Inc. (d) | 57,257 | 4,112,770 | |
HFF, Inc. (a) | 52,057 | 687,152 | |
International Assets Holding Corp. (a)(d) | 27,726 | 671,246 | |
Internet Capital Group, Inc. (a) | 70,979 | 971,703 | |
Investment Technology Group, Inc. (a) | 86,206 | 1,650,845 | |
Jefferies Group, Inc. (d) | 220,963 | 5,316,370 | |
JMP Group, Inc. | 36,056 | 307,918 | |
KBW, Inc. | 70,980 | 1,816,378 | |
Knight Capital Group, Inc. Class A (a)(d) | 186,563 | 2,613,748 | |
LaBranche & Co., Inc. (a) | 132,189 | 555,194 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 173,950 | $ 182,648 | |
LPL Investment Holdings, Inc. | 29,134 | 979,194 | |
Medallion Financial Corp. | 52,498 | 425,234 | |
Merriman Holdings, Inc. (a) | 1,525 | 5,536 | |
MF Global Holdings Ltd. (a)(d) | 290,077 | 2,514,968 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 30,185 | 990,672 | |
optionsXpress Holdings, Inc. | 89,742 | 1,454,718 | |
Penson Worldwide, Inc. (a)(d) | 41,511 | 273,142 | |
Piper Jaffray Companies (a) | 44,362 | 1,825,496 | |
Pzena Investment Management, Inc. | 13,002 | 98,165 | |
Raymond James Financial, Inc. | 193,522 | 7,415,763 | |
Rodman & Renshaw Capital Group, Inc. (a)(d) | 48,067 | 106,709 | |
Safeguard Scientifics, Inc. (a) | 43,734 | 917,539 | |
Sanders Morris Harris Group, Inc. | 45,395 | 319,127 | |
SEI Investments Co. | 304,765 | 7,012,643 | |
Stifel Financial Corp. (a)(d) | 69,650 | 4,996,691 | |
SWS Group, Inc. | 80,179 | 432,165 | |
TD Ameritrade Holding Corp. | 461,704 | 10,065,147 | |
Teton Advisors, Inc. (a) | 145 | 2,175 | |
TradeStation Group, Inc. (a) | 91,873 | 618,305 | |
U.S. Global Investments, Inc. Class A | 32,703 | 256,064 | |
Virtus Investment Partners, Inc. (a) | 13,764 | 802,166 | |
Waddell & Reed Financial, Inc. Class A | 167,268 | 6,754,282 | |
Westwood Holdings Group, Inc. | 12,700 | 476,631 | |
| 135,679,519 | ||
Commercial Banks - 3.9% | |||
1st Source Corp. | 27,385 | 535,924 | |
1st United Bancorp, Inc. (a) | 45,243 | 290,460 | |
Access National Corp. | 1,859 | 12,864 | |
ACNB Corp. | 12,413 | 189,919 | |
Alliance Financial Corp. | 10,655 | 338,083 | |
American National Bankshares, Inc. | 10,983 | 239,100 | |
Ameris Bancorp (d) | 45,556 | 459,660 | |
AmeriServ Financial, Inc. (a)(d) | 8,597 | 19,085 | |
Ames National Corp. (d) | 14,284 | 268,825 | |
Arrow Financial Corp. | 27,367 | 685,270 | |
Associated Banc-Corp. | 346,501 | 5,013,869 | |
Athens Bancshares Corp. | 7,000 | 94,850 | |
Auburn National Bancorp., Inc. | 1,912 | 37,762 | |
BancFirst Corp. | 17,657 | 742,300 | |
Bancorp Rhode Island, Inc. | 3,897 | 122,794 | |
Bancorp, Inc., Delaware (a) | 50,208 | 425,764 | |
BancorpSouth, Inc. (d) | 152,383 | 2,428,985 | |
BancTrust Financial Group, Inc. (a)(d) | 20,602 | 54,389 | |
Bank of Granite Corp. (a)(d) | 46,225 | 29,584 | |
Bank of Hawaii Corp. | 95,000 | 4,480,200 | |
Bank of Kentucky Financial Corp. | 6,782 | 138,014 | |
Bank of Marin Bancorp | 11,021 | 399,511 | |
| |||
Shares | Value | ||
Bank of the Ozarks, Inc. | 33,098 | $ 1,424,869 | |
Banner Corp. | 229,317 | 564,120 | |
Bar Harbor Bankshares (d) | 9,461 | 274,842 | |
BCB Bancorp, Inc. | 2,874 | 31,844 | |
BOK Financial Corp. | 53,381 | 2,741,114 | |
Boston Private Financial Holdings, Inc. (d) | 161,973 | 1,148,389 | |
Bridge Bancorp, Inc. (d) | 8,159 | 180,559 | |
Bryn Mawr Bank Corp. | 19,337 | 405,110 | |
Cadence Financial Corp. (a) | 15,524 | 38,810 | |
Camden National Corp. | 14,775 | 497,031 | |
Cape Bancorp, Inc. (a) | 8,818 | 87,298 | |
Capital Bank Corp. (a) | 17,000 | 49,640 | |
Capital Bank Corp. rights 3/4/11 (a) | 1,858 | 687 | |
Capital City Bank Group, Inc. | 26,342 | 331,119 | |
CapitalSource, Inc. | 591,360 | 4,482,509 | |
Cardinal Financial Corp. | 61,598 | 685,586 | |
Cascade Bancorp (a)(d) | 3,746 | 34,725 | |
Cascade Financial Corp. (a)(d) | 13,915 | 7,932 | |
Cathay General Bancorp | 155,465 | 2,754,840 | |
Center Bancorp, Inc. (d) | 21,050 | 193,239 | |
Center Financial Corp. (a) | 92,580 | 737,863 | |
Centerstate Banks of Florida, Inc. | 52,702 | 382,090 | |
Central Pacific Financial Corp. (a)(d) | 4,664 | 111,470 | |
Century Bancorp, Inc. Class A (non-vtg.) | 4,397 | 118,895 | |
Chemical Financial Corp. | 54,106 | 1,088,613 | |
CIT Group, Inc. (a) | 350,157 | 15,168,801 | |
Citizens & Northern Corp. (d) | 20,614 | 323,846 | |
Citizens Banking Corp., Michigan (a) | 775,122 | 651,800 | |
Citizens Holding Co. (d) | 1,955 | 39,354 | |
City Holding Co. (d) | 34,461 | 1,180,289 | |
City National Corp. | 94,757 | 5,582,135 | |
CNB Financial Corp., Pennsylvania | 19,116 | 270,300 | |
CoBiz, Inc. (d) | 83,769 | 546,174 | |
Colony Bankcorp, Inc. (a)(d) | 4,000 | 17,760 | |
Columbia Banking Systems, Inc. | 80,677 | 1,600,632 | |
Commerce Bancshares, Inc. | 156,079 | 6,268,133 | |
Community Bank System, Inc. (d) | 69,351 | 1,744,871 | |
Community Capital Corp. (a)(d) | 2,185 | 6,031 | |
Community Trust Bancorp, Inc. | 34,249 | 979,864 | |
Cullen/Frost Bankers, Inc. | 112,830 | 6,607,325 | |
CVB Financial Corp. (d) | 188,208 | 1,573,419 | |
Danvers Bancorp, Inc. | 44,840 | 979,306 | |
Dearborn Bancorp, Inc. (a)(d) | 38,889 | 56,000 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 39,936 | 591,053 | |
East West Bancorp, Inc. | 294,467 | 6,837,524 | |
Eastern Virgina Bankshares, Inc. | 3,012 | 11,717 | |
Encore Bancshares, Inc. (a)(d) | 19,804 | 242,599 | |
Enterprise Bancorp, Inc. | 4,756 | 69,913 | |
Enterprise Financial Services Corp. | 26,895 | 355,552 | |
Farmers Capital Bank Corp. (a) | 5,824 | 43,622 | |
Fidelity Southern Corp. | 10,288 | 87,242 | |
Financial Institutions, Inc. | 19,738 | 380,746 | |
First Bancorp, North Carolina | 34,349 | 506,304 | |
First Bancorp, Puerto Rico (a)(d) | 39,461 | 183,099 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Busey Corp. (d) | 127,347 | $ 645,649 | |
First California Financial Group, Inc. (a) | 35,194 | 130,570 | |
First Citizen Bancshares, Inc. | 12,710 | 2,567,420 | |
First Commonwealth Financial Corp. | 203,751 | 1,334,569 | |
First Community Bancshares, Inc. | 34,379 | 423,205 | |
First Financial Bancorp, Ohio | 125,711 | 2,128,287 | |
First Financial Bankshares, Inc. (d) | 44,346 | 2,226,169 | |
First Financial Corp., Indiana | 24,105 | 781,243 | |
First Interstate Bancsystem, Inc. | 33,673 | 481,019 | |
First M&F Corp. | 1,684 | 6,467 | |
First Mariner Bancorp, Inc. (a) | 999 | 439 | |
First Merchants Corp. | 49,539 | 440,402 | |
First Midwest Bancorp, Inc., Delaware | 150,708 | 1,819,046 | |
First of Long Island Corp. | 12,863 | 347,301 | |
First Republic Bank (d) | 24,891 | 728,062 | |
First Security Group, Inc. (a) | 10,700 | 8,774 | |
First South Bancorp, Inc., Virginia (d) | 16,837 | 90,920 | |
First United Corp. | 5,930 | 21,645 | |
Firstbank Corp., Michigan | 7,615 | 51,401 | |
FirstMerit Corp. | 212,257 | 3,618,982 | |
FNB Corp., North Carolina (a)(d) | 14,866 | 5,203 | |
FNB Corp., Pennsylvania | 226,257 | 2,269,358 | |
Fulton Financial Corp. | 400,008 | 4,356,087 | |
German American Bancorp, Inc. | 17,784 | 307,308 | |
Glacier Bancorp, Inc. (d) | 143,165 | 2,237,669 | |
Great Southern Bancorp, Inc. | 21,585 | 462,567 | |
Green Bankshares, Inc. (a)(d) | 21,440 | 73,539 | |
Guaranty Bancorp (a) | 68,760 | 87,325 | |
Hampton Roads Bankshares, Inc. (a)(d) | 1,150,000 | 1,092,500 | |
Hancock Holding Co. (d) | 63,628 | 2,205,983 | |
Hanmi Financial Corp. (a)(d) | 396,181 | 495,226 | |
Hawthorn Bancshares, Inc. | 5,846 | 51,562 | |
Heartland Financial USA, Inc. | 26,001 | 441,237 | |
Heritage Commerce Corp. (a) | 40,322 | 182,255 | |
Heritage Financial Corp., Washington (a) | 35,332 | 528,567 | |
Home Bancorp, Inc. (a) | 11,004 | 159,778 | |
Home Bancshares, Inc. | 54,121 | 1,219,346 | |
Hudson Valley Holding Corp. | 30,084 | 641,391 | |
IBERIABANK Corp. | 54,384 | 3,115,659 | |
Independent Bank Corp. (a)(d) | 17,064 | 66,550 | |
Independent Bank Corp., Massachusetts (d) | 45,285 | 1,231,299 | |
Integra Bank Corp. (a)(d) | 19,801 | 5,940 | |
International Bancshares Corp. | 117,752 | 2,247,886 | |
Intervest Bancshares Corp. Class A (a) | 9,743 | 26,598 | |
Investors Bancorp, Inc. (a) | 108,165 | 1,464,554 | |
Lakeland Bancorp, Inc. (d) | 49,855 | 480,104 | |
Lakeland Financial Corp. | 34,881 | 782,032 | |
Macatawa Bank Corp. (a)(d) | 33,992 | 127,810 | |
MainSource Financial Group, Inc. (d) | 39,648 | 394,101 | |
MB Financial, Inc. | 107,309 | 2,207,346 | |
| |||
Shares | Value | ||
MBT Financial Corp. (a)(d) | 10,000 | $ 17,300 | |
Mercantile Bancorp, Inc., Illinois (a)(d) | 5,364 | 5,471 | |
Mercantile Bank Corp. (d) | 11,794 | 98,008 | |
Merchants Bancshares, Inc. | 11,980 | 305,490 | |
Metro Bancorp, Inc. (a) | 41,607 | 510,102 | |
Metrocorp Bancshares, Inc. (a) | 20,862 | 142,487 | |
Middleburg Financial Corp. | 10,000 | 165,200 | |
Midsouth Bancorp, Inc. (d) | 24,320 | 345,101 | |
MidWestOne Financial Group, Inc. (d) | 14,000 | 203,000 | |
Nara Bancorp, Inc. (a)(d) | 69,089 | 724,053 | |
National Bankshares, Inc. (d) | 11,866 | 344,114 | |
National Penn Bancshares, Inc. | 270,000 | 2,143,800 | |
NBT Bancorp, Inc. | 75,329 | 1,676,070 | |
NewBridge Bancorp (a) | 15,472 | 79,371 | |
North Valley Bancorp (a) | 2,276 | 23,944 | |
Northern States Financial Corp. (a)(d) | 2,836 | 4,850 | |
Northfield Bancorp, Inc. | 44,462 | 595,346 | |
Northrim Bancorp, Inc. | 10,594 | 196,731 | |
Norwood Financial Corp. | 1,403 | 38,302 | |
Ohio Valley Banc Corp. | 6,000 | 137,820 | |
Old National Bancorp, Indiana | 174,006 | 1,948,867 | |
Old Second Bancorp, Inc. (d) | 34,774 | 35,817 | |
OmniAmerican Bancorp, Inc. (a) | 15,000 | 235,050 | |
Oriental Financial Group, Inc. | 90,000 | 1,077,300 | |
Orrstown Financial Services, Inc. | 11,753 | 323,208 | |
PAB Bankshares, Inc. (a)(d) | 7,901 | 3,713 | |
Pacific Capital Bancorp NA (a)(d) | 8,705 | 251,836 | |
Pacific Continental Corp. | 35,781 | 360,315 | |
Pacific Mercantile Bancorp (a)(d) | 7,285 | 33,730 | |
PacWest Bancorp | 65,972 | 1,366,280 | |
Park National Corp. | 25,297 | 1,665,302 | |
Park Sterling Corp. (a) | 55,000 | 274,450 | |
Peapack-Gladstone Financial Corp. | 14,231 | 189,984 | |
Penns Woods Bancorp, Inc. (d) | 5,017 | 195,814 | |
Peoples Bancorp, Inc. | 16,960 | 229,130 | |
Peoples Financial Corp., Mississippi | 6,457 | 107,380 | |
Pinnacle Financial Partners, Inc. (a)(d) | 71,032 | 1,132,960 | |
Popular, Inc. (a) | 2,006,618 | 6,521,509 | |
Porter Bancorp, Inc. | 3,733 | 31,432 | |
Preferred Bank, Los Angeles California (a) | 10,547 | 15,926 | |
Premier Financial Bancorp, Inc. | 2,538 | 17,208 | |
PremierWest Bancorp (a)(d) | 4,289 | 12,738 | |
Princeton National Bancorp, Inc. (a)(d) | 2,512 | 14,092 | |
PrivateBancorp, Inc. (d) | 138,942 | 1,989,649 | |
Prosperity Bancshares, Inc. (d) | 91,647 | 3,741,031 | |
QCR Holdings, Inc. | 4,300 | 33,411 | |
Renasant Corp. (d) | 54,170 | 870,512 | |
Republic Bancorp, Inc., Kentucky Class A | 22,049 | 377,920 | |
Republic First Bancorp, Inc. (a) | 25,520 | 74,774 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 6,704 | 11,967 | |
S&T Bancorp, Inc. | 57,662 | 1,285,863 | |
S.Y. Bancorp, Inc. | 26,121 | 647,801 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Sandy Spring Bancorp, Inc. | 51,493 | $ 983,001 | |
Savannah Bancorp, Inc. | 3,956 | 30,817 | |
SCBT Financial Corp. | 24,009 | 777,652 | |
Seacoast Banking Corp., Florida (a)(d) | 204,897 | 336,031 | |
Shore Bancshares, Inc. | 14,795 | 147,654 | |
Sierra Bancorp | 23,690 | 256,800 | |
Signature Bank, New York (a)(d) | 81,986 | 4,254,254 | |
Simmons First National Corp. Class A (d) | 35,300 | 1,015,934 | |
Southside Bancshares, Inc. | 36,514 | 832,884 | |
Southwest Bancorp, Inc., Oklahoma (a) | 44,454 | 632,580 | |
Southwest Georgia Financial Corp. | 835 | 11,481 | |
State Bancorp, Inc., New York | 30,308 | 318,840 | |
StellarOne Corp. | 43,365 | 638,766 | |
Sterling Bancorp, New York | 61,222 | 614,669 | |
Sterling Bancshares, Inc. | 207,827 | 1,880,834 | |
Sterling Financial Corp., Washington (a)(d) | 43,899 | 746,283 | |
Suffolk Bancorp (d) | 24,189 | 498,052 | |
Summit Financial Group, Inc. (a) | 1,800 | 7,560 | |
Sun Bancorp, Inc., New Jersey (a) | 28,600 | 125,268 | |
Superior Bancorp (a)(d) | 14,301 | 7,437 | |
Susquehanna Bancshares, Inc. | 259,900 | 2,484,644 | |
SVB Financial Group (a)(d) | 82,048 | 4,445,361 | |
Synovus Financial Corp. (d) | 1,330,935 | 3,393,884 | |
Taylor Capital Group, Inc. (a)(d) | 23,163 | 246,918 | |
TCF Financial Corp. (d) | 266,011 | 4,317,359 | |
Tennessee Commerce Bancorp, Inc. (a) | 27,690 | 142,050 | |
Texas Capital Bancshares, Inc. (a)(d) | 74,026 | 1,868,416 | |
The First Bancorp, Inc. (d) | 14,000 | 204,540 | |
TIB Financial Corp. (a)(d) | 777 | 15,152 | |
Tompkins Financial Corp. | 19,783 | 811,103 | |
Tower Bancorp, Inc. | 30,952 | 709,729 | |
TowneBank (d) | 58,000 | 863,620 | |
Trico Bancshares | 28,113 | 456,274 | |
Trustmark Corp. | 111,711 | 2,619,623 | |
UMB Financial Corp. | 66,266 | 2,642,688 | |
Umpqua Holdings Corp. | 225,582 | 2,580,658 | |
Union/First Market Bankshares Corp. | 39,707 | 457,028 | |
United Bankshares, Inc., West Virginia (d) | 87,470 | 2,505,141 | |
United Community Banks, Inc., Georgia (a)(d) | 205,620 | 281,699 | |
United Security Bancshares, Inc. | 8,545 | 70,582 | |
United Security Bancshares, California (d) | 6,920 | 21,936 | |
Univest Corp. of Pennsylvania | 30,083 | 542,697 | |
Valley National Bancorp (d) | 331,692 | 4,520,962 | |
Virginia Commerce Bancorp, Inc. (a)(d) | 53,587 | 316,163 | |
VIST Financial Corp. | 13,051 | 116,806 | |
Washington Banking Co., Oak Harbor | 28,921 | 407,786 | |
Washington Trust Bancorp, Inc. | 34,101 | 783,641 | |
| |||
Shares | Value | ||
Webster Financial Corp. | 148,858 | $ 3,450,528 | |
WesBanco, Inc. | 56,089 | 1,168,895 | |
West Bancorp., Inc. (d) | 25,000 | 190,250 | |
West Coast Bancorp (a)(d) | 174,728 | 588,833 | |
Westamerica Bancorp. | 61,632 | 3,178,979 | |
Western Alliance Bancorp. (a)(d) | 154,211 | 1,250,651 | |
Whitney Holding Corp. | 192,010 | 2,722,702 | |
Wilber Corp. | 605 | 5,639 | |
Wilmington Trust Corp., Delaware | 195,016 | 875,622 | |
Wilshire Bancorp, Inc. (d) | 68,983 | 455,978 | |
Wintrust Financial Corp. | 69,529 | 2,334,784 | |
Yadkin Valley Financial Corp. (a) | 15,173 | 34,443 | |
| 236,138,257 | ||
Consumer Finance - 0.3% | |||
Advance America Cash Advance Centers, Inc. | 114,471 | 615,854 | |
Cash America International, Inc. | 58,456 | 2,496,656 | |
CompuCredit Holdings Corp. (a)(d) | 57,820 | 385,081 | |
Consumer Portfolio Services, Inc. (a) | 11,918 | 14,898 | |
Credit Acceptance Corp. (a) | 10,231 | 722,309 | |
Dollar Financial Corp. (a)(d) | 71,558 | 1,530,626 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 90,125 | 2,584,785 | |
First Cash Financial Services, Inc. (a)(d) | 61,832 | 2,024,380 | |
First Marblehead Corp. (a)(d) | 112,828 | 262,889 | |
Green Dot Corp. Class A (d) | 15,696 | 819,488 | |
Imperial Holdings, Inc. (a) | 33,575 | 367,311 | |
Nelnet, Inc. Class A | 61,253 | 1,367,779 | |
Netspend Holdings, Inc. (d) | 37,586 | 492,752 | |
QC Holdings, Inc. | 10,421 | 41,476 | |
White River Capital, Inc. | 3,701 | 65,767 | |
World Acceptance Corp. (a)(d) | 30,448 | 1,821,095 | |
| 15,613,146 | ||
Diversified Financial Services - 0.4% | |||
Asset Acceptance Capital Corp. (a)(d) | 17,141 | 100,789 | |
Asta Funding, Inc. | 15,653 | 135,398 | |
California First National Bancorp | 373 | 5,446 | |
Catskill Litigation Trust (a) | 1,036 | 0 | |
CBOE Holdings, Inc. | 21,427 | 634,025 | |
Compass Diversified Holdings | 78,157 | 1,266,925 | |
Encore Capital Group, Inc. (a) | 28,691 | 781,256 | |
Gain Capital Holdings, Inc. | 22,236 | 172,107 | |
Interactive Brokers Group, Inc. | 76,687 | 1,184,814 | |
Life Partners Holdings, Inc. (d) | 22,647 | 187,064 | |
MarketAxess Holdings, Inc. | 61,544 | 1,316,426 | |
Marlin Business Services Corp. (a) | 15,072 | 167,299 | |
MicroFinancial, Inc. | 5,166 | 24,693 | |
MSCI, Inc. Class A (a) | 233,141 | 8,276,506 | |
NCP Litigation Trust (a) | 200 | 0 | |
NewStar Financial, Inc. (a) | 64,653 | 684,675 | |
PHH Corp. (a)(d) | 109,942 | 2,713,369 | |
PICO Holdings, Inc. (a)(d) | 42,864 | 1,273,489 | |
Portfolio Recovery Associates, Inc. (a)(d) | 33,764 | 2,814,229 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Diversified Financial Services - continued | |||
Primus Guaranty Ltd. (a)(d) | 24,036 | $ 121,382 | |
Resource America, Inc. Class A | 23,799 | 150,648 | |
| 22,010,540 | ||
Insurance - 4.0% | |||
21st Century Holding Co. | 8,797 | 29,294 | |
Alleghany Corp. | 14,635 | 4,986,876 | |
Allied World Assurance Co. Holdings | 88,264 | 5,446,771 | |
American Equity Investment Life Holding Co. (d) | 114,423 | 1,510,384 | |
American Financial Group, Inc. | 152,445 | 5,279,170 | |
American Independence Corp. (a) | 3,087 | 16,207 | |
American National Insurance Co. | 28,238 | 2,294,902 | |
American Safety Insurance Group Ltd. (a) | 24,056 | 513,596 | |
Amerisafe, Inc. (a) | 44,533 | 888,879 | |
Amtrust Financial Services, Inc. (d) | 47,695 | 917,175 | |
Arch Capital Group Ltd. (a)(d) | 96,372 | 8,721,666 | |
Argo Group International Holdings, Ltd. | 61,502 | 2,342,611 | |
Arthur J. Gallagher & Co. | 205,515 | 6,453,171 | |
Aspen Insurance Holdings Ltd. | 135,514 | 4,004,439 | |
Assured Guaranty Ltd. | 327,024 | 4,751,659 | |
Axis Capital Holdings Ltd. | 234,217 | 8,506,761 | |
Baldwin & Lyons, Inc. Class B | 14,444 | 352,289 | |
Brown & Brown, Inc. | 226,125 | 5,910,908 | |
Citizens, Inc. Class A (a)(d) | 68,998 | 514,725 | |
CNA Financial Corp. | 57,678 | 1,698,040 | |
CNA Surety Corp. (a) | 32,491 | 821,372 | |
CNO Financial Group, Inc. (a) | 466,666 | 3,378,662 | |
Crawford & Co. Class B | 33,301 | 146,524 | |
CRM Holdings Ltd. (a) | 964 | 4,030 | |
Delphi Financial Group, Inc. Class A | 90,310 | 2,795,998 | |
Donegal Group, Inc. Class A | 22,422 | 286,105 | |
Eastern Insurance Holdings, Inc. | 12,780 | 165,884 | |
eHealth, Inc. (a)(d) | 59,193 | 742,280 | |
EMC Insurance Group | 12,011 | 293,189 | |
Employers Holdings, Inc. | 87,592 | 1,762,351 | |
Endurance Specialty Holdings Ltd. | 89,887 | 4,457,496 | |
Enstar Group Ltd. (a) | 19,620 | 1,645,333 | |
Erie Indemnity Co. Class A (d) | 55,889 | 3,903,288 | |
Everest Re Group Ltd. | 102,873 | 9,119,691 | |
FBL Financial Group, Inc. Class A | 25,807 | 806,211 | |
Fidelity National Financial, Inc. Class A | 444,245 | 6,152,793 | |
First Acceptance Corp. (a) | 24,679 | 44,669 | |
First American Financial Corp. | 211,483 | 3,332,972 | |
Flagstone Reinsurance Holdings Ltd. | 59,995 | 683,943 | |
Fortegra Financial Corp. (a) | 10,980 | 125,172 | |
FPIC Insurance Group, Inc. (a) | 23,952 | 902,032 | |
Global Indemnity PLC (a) | 37,631 | 839,171 | |
Greenlight Capital Re, Ltd. (a)(d) | 62,574 | 1,810,892 | |
Hallmark Financial Services, Inc. (a) | 17,049 | 153,441 | |
Hanover Insurance Group, Inc. | 89,016 | 4,136,574 | |
| |||
Shares | Value | ||
Harleysville Group, Inc. | 30,356 | $ 1,109,512 | |
HCC Insurance Holdings, Inc. | 224,325 | 6,985,481 | |
Hilltop Holdings, Inc. (a) | 103,357 | 1,000,496 | |
Horace Mann Educators Corp. | 77,728 | 1,317,490 | |
Independence Holding Co. | 11,587 | 98,142 | |
Infinity Property & Casualty Corp. | 25,586 | 1,553,326 | |
Investors Title Co. | 1,641 | 52,135 | |
Kansas City Life Insurance Co. | 8,684 | 296,472 | |
Maiden Holdings Ltd. | 126,348 | 1,009,521 | |
Markel Corp. (a)(d) | 19,394 | 8,061,116 | |
MBIA, Inc. (a)(d) | 305,217 | 3,421,483 | |
Meadowbrook Insurance Group, Inc. | 108,435 | 1,101,700 | |
Mercer Insurance Group, Inc. | 6,069 | 170,539 | |
Mercury General Corp. | 51,324 | 2,111,469 | |
Montpelier Re Holdings Ltd. | 136,355 | 2,750,280 | |
National Financial Partners Corp. (a)(d) | 82,942 | 1,172,800 | |
National Interstate Corp. | 11,081 | 230,928 | |
National Security Group, Inc. | 2,778 | 36,836 | |
National Western Life Insurance Co. Class A | 5,143 | 899,408 | |
Navigators Group, Inc. (a)(d) | 28,529 | 1,496,631 | |
Old Republic International Corp. | 473,495 | 5,918,688 | |
OneBeacon Insurance Group Ltd. | 47,103 | 645,311 | |
PartnerRe Ltd. | 138,205 | 10,959,657 | |
Phoenix Companies, Inc. (a)(d) | 215,503 | 573,238 | |
Platinum Underwriters Holdings Ltd. | 79,339 | 3,308,436 | |
Presidential Life Corp. | 42,771 | 428,565 | |
Primerica, Inc. | 37,761 | 972,723 | |
ProAssurance Corp. (a) | 64,151 | 4,062,683 | |
Protective Life Corp. | 166,217 | 4,725,549 | |
Reinsurance Group of America, Inc. | 141,367 | 8,537,153 | |
RenaissanceRe Holdings Ltd. | 106,800 | 7,157,736 | |
RLI Corp. | 38,582 | 2,214,993 | |
Safety Insurance Group, Inc. | 30,482 | 1,466,794 | |
SeaBright Insurance Holdings, Inc. | 51,078 | 537,851 | |
Selective Insurance Group, Inc. | 105,121 | 1,911,100 | |
StanCorp Financial Group, Inc. (d) | 91,193 | 4,194,878 | |
State Auto Financial Corp. | 27,743 | 479,399 | |
Stewart Information Services Corp. | 39,262 | 437,771 | |
Symetra Financial Corp. | 182,639 | 2,611,738 | |
Tower Group, Inc. (d) | 78,533 | 2,134,527 | |
Transatlantic Holdings, Inc. | 127,532 | 6,495,205 | |
Unico American Corp. | 2,607 | 24,767 | |
United Fire & Casualty Co. | 43,429 | 898,546 | |
Unitrin, Inc. | 94,827 | 2,777,483 | |
Universal Insurance Holdings, Inc. | 43,849 | 253,009 | |
Validus Holdings Ltd. | 162,585 | 5,032,006 | |
W.R. Berkley Corp. (d) | 252,050 | 7,548,898 | |
Wesco Financial Corp. | 3,395 | 1,327,988 | |
White Mountains Insurance Group Ltd. | 13,477 | 5,117,891 | |
| 241,279,944 | ||
Real Estate Investment Trusts - 7.5% | |||
Acadia Realty Trust (SBI) | 81,368 | 1,611,086 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Agree Realty Corp. | 26,797 | $ 684,127 | |
Alexanders, Inc. | 6,957 | 2,753,094 | |
Alexandria Real Estate Equities, Inc. (d) | 107,788 | 8,644,598 | |
AMB Property Corp. (SBI) (d) | 328,469 | 11,949,702 | |
American Assets Trust, Inc. | 46,896 | 1,011,078 | |
American Campus Communities, Inc. | 129,659 | 4,333,204 | |
American Capital Agency Corp. | 112,930 | 3,325,789 | |
Annaly Capital Management, Inc. | 1,523,000 | 27,307,390 | |
Anworth Mortgage Asset Corp. (d) | 286,499 | 2,045,603 | |
Apollo Commercial Real Estate Finance, Inc. | 43,970 | 748,369 | |
Arbor Realty Trust, Inc. (a) | 35,011 | 249,278 | |
Armour Residential REIT, Inc. | 57,962 | 427,760 | |
Ashford Hospitality Trust, Inc. (d) | 118,771 | 1,224,529 | |
Associated Estates Realty Corp. | 85,017 | 1,381,526 | |
BioMed Realty Trust, Inc. | 252,714 | 4,586,759 | |
Brandywine Realty Trust (SBI) | 278,920 | 3,430,716 | |
BRE Properties, Inc. | 121,203 | 5,758,355 | |
BRT Realty Trust (a) | 7,942 | 51,305 | |
Camden Property Trust (SBI) (d) | 132,691 | 7,851,326 | |
Campus Crest Communities, Inc. | 70,294 | 1,006,610 | |
Capital Trust, Inc. Class A (a)(d) | 74,422 | 209,870 | |
CapLease, Inc. | 133,087 | 714,677 | |
Capstead Mortgage Corp. (d) | 139,819 | 1,837,222 | |
CBL & Associates Properties, Inc. (d) | 266,863 | 4,763,505 | |
Cedar Shopping Centers, Inc. | 105,841 | 641,396 | |
Chatham Lodging Trust | 29,978 | 523,716 | |
Chesapeake Lodging Trust | 37,115 | 690,339 | |
Chimera Investment Corp. | 2,000,000 | 8,620,000 | |
Cogdell Spencer, Inc. | 115,249 | 738,746 | |
Colonial Properties Trust (SBI) | 151,718 | 2,990,362 | |
Colony Financial, Inc. | 37,619 | 799,404 | |
CommonWealth REIT | 140,660 | 4,038,349 | |
Coresite Realty Corp. | 56,834 | 883,200 | |
Corporate Office Properties Trust (SBI) (d) | 127,270 | 4,565,175 | |
Cousins Properties, Inc. | 189,696 | 1,608,622 | |
Crexus Investment Corp. | 33,045 | 436,194 | |
Cypress Sharpridge Investments, Inc. (d) | 147,677 | 1,840,055 | |
DCT Industrial Trust, Inc. | 404,436 | 2,272,930 | |
Developers Diversified Realty Corp. | 378,177 | 5,407,931 | |
DiamondRock Hospitality Co. (a) | 300,539 | 3,534,339 | |
Digital Realty Trust, Inc. (d) | 176,553 | 10,384,847 | |
Douglas Emmett, Inc. | 242,258 | 4,542,338 | |
Duke Realty LP | 490,495 | 6,901,265 | |
DuPont Fabros Technology, Inc. (d) | 132,372 | 3,232,524 | |
EastGroup Properties, Inc. | 53,293 | 2,426,430 | |
Education Realty Trust, Inc. | 137,924 | 1,137,873 | |
Entertainment Properties Trust (SBI) (d) | 89,528 | 4,267,800 | |
Equity Lifestyle Properties, Inc. | 62,283 | 3,614,905 | |
Equity One, Inc. | 104,950 | 2,008,743 | |
Essex Property Trust, Inc. (d) | 60,362 | 7,471,608 | |
| |||
Shares | Value | ||
Excel Trust, Inc. | 36,356 | $ 443,907 | |
Extra Space Storage, Inc. | 165,304 | 3,264,754 | |
Federal Realty Investment Trust (SBI) | 118,000 | 9,933,240 | |
FelCor Lodging Trust, Inc. (a) | 185,888 | 1,407,172 | |
First Industrial Realty Trust, Inc. (a)(d) | 138,938 | 1,557,495 | |
First Potomac Realty Trust | 96,567 | 1,557,626 | |
Franklin Street Properties Corp. | 149,212 | 2,242,656 | |
General Growth Properties, Inc. | 778,649 | 12,396,092 | |
Getty Realty Corp. (d) | 54,914 | 1,615,570 | |
Gladstone Commercial Corp. | 27,168 | 498,804 | |
Glimcher Realty Trust | 191,692 | 1,763,566 | |
Government Properties Income Trust | 71,296 | 1,937,112 | |
Gramercy Capital Corp. (a)(d) | 82,269 | 432,735 | |
Hatteras Financial Corp. | 107,699 | 3,185,736 | |
Healthcare Realty Trust, Inc. | 123,626 | 2,880,486 | |
Hersha Hospitality Trust | 288,886 | 1,897,981 | |
Highwoods Properties, Inc. (SBI) (d) | 143,184 | 4,858,233 | |
Home Properties, Inc. | 72,536 | 4,273,821 | |
Hospitality Properties Trust (SBI) | 243,226 | 5,594,198 | |
Hudson Pacific Properties, Inc. | 32,175 | 484,234 | |
Inland Real Estate Corp. | 149,331 | 1,406,698 | |
Institutional Financial Markets, Inc. (a) | 13,399 | 68,871 | |
Invesco Mortgage Capital, Inc. | 94,138 | 2,197,181 | |
Investors Real Estate Trust (d) | 168,238 | 1,567,978 | |
iStar Financial, Inc. (a)(d) | 184,539 | 1,843,545 | |
Kilroy Realty Corp. (d) | 100,534 | 3,895,693 | |
Kite Realty Group Trust | 135,125 | 762,105 | |
LaSalle Hotel Properties (SBI) (d) | 137,046 | 3,866,068 | |
Lexington Corporate Properties Trust | 213,561 | 2,022,423 | |
Liberty Property Trust (SBI) (d) | 220,350 | 7,441,220 | |
LTC Properties, Inc. | 52,185 | 1,524,846 | |
Mack-Cali Realty Corp. | 150,000 | 5,091,000 | |
Medical Properties Trust, Inc. | 213,702 | 2,506,724 | |
MFA Financial, Inc. | 557,442 | 4,721,534 | |
Mid-America Apartment Communities, Inc. | 66,253 | 4,304,457 | |
Mission West Properties, Inc. | 44,320 | 303,592 | |
Monmouth Real Estate Investment Corp. Class A | 55,007 | 454,358 | |
MPG Office Trust, Inc. (a)(d) | 152,070 | 600,677 | |
National Health Investors, Inc. | 53,803 | 2,556,719 | |
National Retail Properties, Inc. | 161,261 | 4,142,795 | |
Nationwide Health Properties, Inc. | 261,560 | 11,179,074 | |
New York Mortgage Trust, Inc. | 18,765 | 135,108 | |
NorthStar Realty Finance Corp. | 164,306 | 984,193 | |
Omega Healthcare Investors, Inc. | 188,397 | 4,515,876 | |
One Liberty Properties, Inc. | 26,364 | 392,296 | |
Parkway Properties, Inc. | 47,937 | 777,059 | |
Pebblebrook Hotel Trust | 81,657 | 1,791,555 | |
Pennsylvania Real Estate Investment Trust (SBI) | 106,278 | 1,534,654 | |
Pennymac Mortgage Investment Trust (d) | 45,675 | 860,974 | |
Piedmont Office Realty Trust, Inc. | 259,904 | 5,198,080 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
PMC Commercial Trust | 7,785 | $ 70,454 | |
Post Properties, Inc. | 93,932 | 3,663,348 | |
Potlatch Corp. | 89,624 | 3,441,562 | |
PS Business Parks, Inc. | 38,623 | 2,434,794 | |
RAIT Financial Trust (SBI) (d) | 207,394 | 709,287 | |
Ramco-Gershenson Properties Trust (SBI) | 91,827 | 1,240,583 | |
Rayonier, Inc. | 152,348 | 9,343,503 | |
Realty Income Corp. | 225,000 | 8,093,250 | |
Redwood Trust, Inc. | 141,657 | 2,320,342 | |
Regency Centers Corp. (d) | 160,000 | 7,240,000 | |
Resource Capital Corp. | 102,633 | 760,511 | |
Retail Opportunity Investments Corp. | 96,644 | 1,063,084 | |
Sabra Health Care REIT, Inc. | 141,747 | 2,610,980 | |
Saul Centers, Inc. | 18,146 | 834,716 | |
Senior Housing Properties Trust (SBI) | 244,403 | 5,997,650 | |
SL Green Realty Corp. | 152,465 | 11,546,174 | |
Sovran Self Storage, Inc. | 63,213 | 2,452,664 | |
Starwood Property Trust, Inc. | 135,367 | 3,166,234 | |
Strategic Hotel & Resorts, Inc. (a) | 298,130 | 1,937,845 | |
Sun Communities, Inc. | 38,815 | 1,342,223 | |
Sunstone Hotel Investors, Inc. (a)(d) | 225,932 | 2,426,510 | |
Supertel Hospitality, Inc., Maryland (a) | 13,197 | 23,491 | |
Tanger Factory Outlet Centers, Inc. | 153,177 | 4,082,167 | |
Taubman Centers, Inc. (d) | 108,567 | 6,023,297 | |
Terreno Realty Corp. | 17,736 | 325,101 | |
The Macerich Co. (d) | 253,909 | 12,857,952 | |
Transcontinental Realty Investors, Inc. (a) | 1,497 | 6,242 | |
Two Harbors Investment Corp. | 77,934 | 861,171 | |
U-Store-It Trust | 166,793 | 1,709,628 | |
UDR, Inc. (d) | 355,006 | 8,633,746 | |
UMH Properties, Inc. | 11,975 | 124,061 | |
Universal Health Realty Income Trust (SBI) | 28,666 | 1,140,047 | |
Urstadt Biddle Properties, Inc. | 5,274 | 85,650 | |
Urstadt Biddle Properties, Inc. Class A | 50,629 | 981,696 | |
Walter Investment Management Corp. | 53,722 | 1,052,414 | |
Washington (REIT) (SBI) | 122,217 | 3,818,059 | |
Weingarten Realty Investors (SBI) (d) | 232,290 | 6,009,342 | |
Whitestone REIT Class B | 2,755 | 39,397 | |
Winthrop Realty Trust | 45,512 | 555,246 | |
| 445,383,761 | ||
Real Estate Management & Development - 0.6% | |||
American Realty Investments, Inc. (a) | 1,965 | 7,781 | |
Avatar Holdings, Inc. (a) | 24,216 | 515,801 | |
Brookfield Properties Corp. | 508,544 | 8,922,100 | |
Consolidated-Tomoka Land Co. | 9,480 | 324,974 | |
Forest City Enterprises, Inc. Class A (a)(d) | 240,874 | 4,552,519 | |
Forestar Group, Inc. (a)(d) | 71,719 | 1,381,308 | |
Grubb & Ellis Co. (a)(d) | 102,602 | 112,862 | |
Howard Hughes Corp. (a) | 74,102 | 4,280,873 | |
Jones Lang LaSalle, Inc. | 82,802 | 8,149,373 | |
Kennedy-Wilson Holdings, Inc. (a)(d) | 67,305 | 740,355 | |
| |||
Shares | Value | ||
Maui Land & Pineapple, Inc. (a) | 8,316 | $ 61,289 | |
Stratus Properties, Inc. (a) | 2,986 | 40,162 | |
Tejon Ranch Co. (a)(d) | 28,687 | 754,755 | |
The St. Joe Co. (a)(d) | 178,115 | 4,769,920 | |
Thomas Properties Group, Inc. (a)(d) | 57,345 | 193,253 | |
ZipRealty, Inc. (a) | 13,953 | 40,603 | |
| 34,847,928 | ||
Thrifts & Mortgage Finance - 1.2% | |||
Abington Bancorp, Inc. | 45,893 | 573,663 | |
Anchor BanCorp Wisconsin, Inc. (a)(d) | 89,689 | 96,864 | |
Astoria Financial Corp. | 180,491 | 2,530,484 | |
Bank Mutual Corp. | 109,952 | 507,978 | |
BankAtlantic Bancorp, Inc. (non-vtg.) Class A (a)(d) | 95,847 | 99,681 | |
BankFinancial Corp. | 45,531 | 398,396 | |
BankUnited, Inc. | 52,897 | 1,499,630 | |
BCSB Bancorp, Inc. (a) | 2,564 | 32,460 | |
Beneficial Mutual Bancorp, Inc. (a) | 85,327 | 767,943 | |
Berkshire Bancorp, Inc. (a) | 1,110 | 8,092 | |
Berkshire Hills Bancorp, Inc. | 29,883 | 674,160 | |
BofI Holding, Inc. (a)(d) | 18,477 | 279,372 | |
Brookline Bancorp, Inc., Delaware | 135,467 | 1,407,502 | |
Camco Financial Corp. (a) | 7,852 | 16,725 | |
Capitol Federal Financial, Inc. | 342,218 | 4,325,636 | |
CFS Bancorp, Inc. | 7,861 | 44,415 | |
Cheviot Financial Corp. | 52 | 442 | |
Chicopee Bancorp, Inc. (a) | 7,735 | 106,820 | |
Citizens South Banking Corp., Delaware | 11,035 | 52,968 | |
Clifton Savings Bancorp, Inc. | 18,163 | 207,058 | |
Dime Community Bancshares, Inc. | 83,947 | 1,302,857 | |
Doral Financial Corp. (a) | 131,542 | 173,635 | |
Eagle Bancorp Montana, Inc. | 15,964 | 181,990 | |
ESB Financial Corp. (d) | 17,063 | 236,493 | |
ESSA Bancorp, Inc. | 31,156 | 405,028 | |
Farmer Mac Class C (non-vtg.) | 21,618 | 430,847 | |
First Clover Leaf Financial Corp. | 10,566 | 75,019 | |
First Defiance Financial Corp. (a) | 17,515 | 245,210 | |
First Federal Bancshares of Arkansas, Inc. (a)(d) | 3,747 | 10,716 | |
First Financial Holdings, Inc. | 33,877 | 361,129 | |
First Financial Northwest, Inc. (d) | 33,079 | 197,482 | |
First Financial Service Corp. (a) | 745 | 3,047 | |
First Niagara Financial Group, Inc. (d) | 418,607 | 6,061,429 | |
First PacTrust Bancorp, Inc. | 3,124 | 48,360 | |
First Place Financial Corp. (a) | 22,128 | 71,916 | |
Flagstar Bancorp, Inc. (a) | 735,207 | 1,286,612 | |
Flushing Financial Corp. | 72,793 | 1,042,396 | |
Fox Chase Bancorp, Inc. | 24,994 | 320,923 | |
Heritage Financial Group, Inc. | 3,578 | 47,265 | |
HMN Financial, Inc. (a) | 2,852 | 7,444 | |
Home Federal Bancorp, Inc. | 34,573 | 384,452 | |
HopFed Bancorp, Inc. | 7,885 | 73,015 | |
Impac Mortgage Holdings, Inc. (a)(d) | 12,126 | 32,498 | |
Indiana Community Bancorp | 2,558 | 39,777 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Jefferson Bancshares, Inc., Tennessee (a) | 5,738 | $ 22,034 | |
Kaiser Federal Financial Group, Inc. | 19,000 | 256,310 | |
Kearny Financial Corp. | 46,441 | 456,051 | |
Legacy Bancorp, Inc. (d) | 18,619 | 250,426 | |
Louisiana Bancorp, Inc. (a) | 240 | 3,550 | |
Meridian Interstate Bancorp, Inc. (a) | 11,286 | 146,718 | |
Meta Financial Group, Inc. | 424 | 7,674 | |
MGIC Investment Corp. (a)(d) | 395,646 | 3,398,599 | |
MutualFirst Financial, Inc. | 2,603 | 25,249 | |
NASB Financial, Inc. (d) | 3,384 | 51,031 | |
New England Bancshares, Inc. | 7,230 | 69,047 | |
New York Community Bancorp, Inc. (d) | 860,000 | 16,047,600 | |
NewAlliance Bancshares, Inc. | 208,580 | 3,262,191 | |
Northeast Community Bancorp, Inc. | 8,762 | 53,886 | |
Northwest Bancshares, Inc. | 104,410 | 1,267,537 | |
OceanFirst Financial Corp. | 36,227 | 502,106 | |
Ocwen Financial Corp. (a) | 148,348 | 1,569,522 | |
Oritani Financial Corp. | 43,733 | 562,844 | |
Parkvale Financial Corp. | 2,919 | 32,372 | |
Peoples Federal Bancshares, Inc. (a) | 4,940 | 68,419 | |
Provident Financial Holdings, Inc. | 14,065 | 117,724 | |
Provident Financial Services, Inc. | 125,938 | 1,865,142 | |
Provident New York Bancorp | 82,178 | 779,047 | |
Pulaski Financial Corp. | 7,400 | 53,650 | |
PVF Capital Corp. (a) | 16,043 | 31,926 | |
Radian Group, Inc. | 260,590 | 1,839,765 | |
Riverview Bancorp, Inc. (a) | 13,156 | 39,600 | |
Rockville Financial, Inc. | 12,414 | 200,983 | |
Roma Financial Corp. | 23,122 | 242,781 | |
Rome Bancorp, Inc. | 12,337 | 151,005 | |
Territorial Bancorp, Inc. | 14,000 | 277,060 | |
TF Financial Corp. | 1,866 | 38,272 | |
TFS Financial Corp. | 190,928 | 1,981,833 | |
The PMI Group, Inc. (a)(d) | 293,473 | 868,680 | |
Timberland Bancorp, Inc. | 12,774 | 74,472 | |
Tree.com, Inc. (a)(d) | 15,968 | 108,742 | |
Trustco Bank Corp., New York | 189,881 | 1,144,982 | |
United Community Financial Corp., Ohio (a) | 28,070 | 42,386 | |
United Financial Bancorp, Inc. | 38,185 | 596,068 | |
ViewPoint Financial Group | 52,099 | 691,875 | |
Walker & Dunlop, Inc. | 23,394 | 285,641 | |
Washington Federal, Inc. | 228,441 | 4,059,397 | |
Waterstone Financial, Inc. (a)(d) | 7,726 | 22,637 | |
Westfield Financial, Inc. | 94,628 | 859,222 | |
WSFS Financial Corp. | 22,660 | 1,060,941 | |
| 72,156,826 | ||
TOTAL FINANCIALS | 1,203,109,921 | ||
| |||
Shares | Value | ||
HEALTH CARE - 11.0% | |||
Biotechnology - 2.8% | |||
A.P. Pharma, Inc. (a) | 76,222 | $ 28,766 | |
Aastrom Biosciences, Inc. (a)(d) | 91,835 | 199,282 | |
Acadia Pharmaceuticals, Inc. (a) | 109,109 | 164,755 | |
Achillion Pharmaceuticals, Inc. (a) | 100,625 | 584,631 | |
Acorda Therapeutics, Inc. (a) | 74,729 | 1,567,067 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 29,953 | 63,201 | |
Affymax, Inc. (a) | 38,409 | 245,049 | |
Agenus, Inc. (a)(d) | 203,925 | 185,572 | |
Alexion Pharmaceuticals, Inc. (a) | 176,977 | 17,039,346 | |
Alkermes, Inc. (a)(d) | 183,172 | 2,624,855 | |
Allos Therapeutics, Inc. (a)(d) | 159,058 | 531,254 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 76,999 | 845,449 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 41,784 | 769,243 | |
Amicus Therapeutics, Inc. (a)(d) | 13,257 | 81,265 | |
Amylin Pharmaceuticals, Inc. (a) | 257,698 | 3,942,779 | |
Anacor Pharmaceuticals, Inc. | 7,741 | 61,386 | |
Anadys Pharmaceuticals, Inc. (a) | 89,040 | 107,738 | |
Anthera Pharmaceuticals, Inc. (d) | 10,855 | 59,051 | |
ARCA biopharma, Inc. (a)(d) | 10,234 | 31,725 | |
Arena Pharmaceuticals, Inc. (a)(d) | 236,019 | 382,351 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 255,133 | 1,533,349 | |
ArQule, Inc. (a) | 76,410 | 486,732 | |
Array Biopharma, Inc. (a) | 77,370 | 216,636 | |
AspenBio Pharma, Inc. (a) | 59,738 | 34,648 | |
AVEO Pharmaceuticals, Inc. (d) | 71,068 | 979,317 | |
AVI BioPharma, Inc. (a)(d) | 273,454 | 546,908 | |
Avigen, Inc. rights (a) | 22,946 | 0 | |
BioCryst Pharmaceuticals, Inc. (a) | 63,265 | 274,570 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 200,756 | 4,910,492 | |
Bionovo, Inc. (a)(d) | 38,429 | 30,782 | |
Biosante Pharmaceuticals, Inc. (a) | 159,376 | 342,658 | |
Biospecifics Technologies Corp. (a)(d) | 10,284 | 276,434 | |
BioTime, Inc. (a)(d) | 59,804 | 412,050 | |
Capstone Therapeutics Corp. (a) | 36,394 | 16,745 | |
Cardium Therapeutics, Inc. (a)(d) | 106,276 | 39,641 | |
Cel-Sci Corp. (a)(d) | 411,094 | 271,528 | |
Celera Corp. (a)(d) | 170,078 | 1,081,696 | |
Cell Therapeutics, Inc. (a)(d) | 1,494,934 | 418,582 | |
Celldex Therapeutics, Inc. (a)(d) | 81,942 | 322,032 | |
Celsion Corp. (a)(d) | 18,593 | 45,739 | |
Cepheid, Inc. (a)(d) | 116,754 | 3,095,149 | |
Chelsea Therapeutics International Ltd. (a) | 83,309 | 344,066 | |
Cleveland Biolabs, Inc. (a)(d) | 54,599 | 389,291 | |
Clinical Data, Inc. (a)(d) | 35,619 | 1,081,749 | |
Codexis, Inc. (a) | 49,272 | 525,240 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 111,759 | 2,450,875 | |
Curis, Inc. (a)(d) | 140,733 | 437,680 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 71,040 | 91,642 | |
Cytokinetics, Inc. (a) | 96,287 | 151,171 | |
Cytori Therapeutics, Inc. (a)(d) | 75,787 | 441,080 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
CytRx Corp. (a)(d) | 304,123 | $ 288,917 | |
DARA BioSciences, Inc. (a)(d) | 6,088 | 20,760 | |
Dendreon Corp. (a) | 282,345 | 9,483,969 | |
Discovery Laboratories, Inc. (a)(d) | 33,604 | 69,224 | |
DUSA Pharmaceuticals, Inc. (a) | 18,615 | 55,659 | |
Dyax Corp. (a)(d) | 180,578 | 310,594 | |
Dynavax Technologies Corp. (a)(d) | 209,834 | 627,404 | |
Emergent BioSolutions, Inc. (a) | 43,988 | 925,508 | |
EntreMed, Inc. (a)(d) | 21,863 | 112,594 | |
Enzon Pharmaceuticals, Inc. (a)(d) | 132,377 | 1,413,786 | |
EpiCept Corp. (a) | 43,938 | 26,802 | |
Exact Sciences Corp. (a)(d) | 85,070 | 461,930 | |
Exelixis, Inc. (a)(d) | 211,688 | 2,635,516 | |
Forticell Bioscience, Inc. (a) | 2 | 0 | |
Genomic Health, Inc. (a)(d) | 33,236 | 838,877 | |
GenVec, Inc. (a) | 221,273 | 98,489 | |
Geron Corp. (a)(d) | 229,239 | 1,134,733 | |
GTx, Inc. (a) | 24,446 | 63,071 | |
Halozyme Therapeutics, Inc. (a) | 165,085 | 1,140,737 | |
Hemispherx Biopharma, Inc. (a)(d) | 257,396 | 115,828 | |
Human Genome Sciences, Inc. (a)(d) | 370,072 | 9,262,902 | |
iBio, Inc. (a)(d) | 43,247 | 160,446 | |
Icagen, Inc. (a)(d) | 30,461 | 93,515 | |
Idenix Pharmaceuticals, Inc. (a)(d) | 109,538 | 370,238 | |
Idera Pharmaceuticals, Inc. (a) | 29,318 | 77,693 | |
ImmunoGen, Inc. (a)(d) | 128,285 | 1,155,848 | |
Immunomedics, Inc. (a)(d) | 140,629 | 514,702 | |
Incyte Corp. (a)(d) | 223,517 | 3,057,713 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 30,812 | 178,401 | |
Inhibitex, Inc. (a)(d) | 120,334 | 282,785 | |
Inovio Pharmaceuticals, Inc. (a)(d) | 218,287 | 257,579 | |
Insmed, Inc. (a) | 288,644 | 157,311 | |
InterMune, Inc. (a)(d) | 88,572 | 3,242,621 | |
Ironwood Pharmaceuticals, Inc. Class A | 91,945 | 1,124,487 | |
Isis Pharmaceuticals, Inc. (a)(d) | 188,414 | 1,718,336 | |
IsoRay, Inc. (a) | 40,023 | 52,030 | |
Keryx Biopharmaceuticals, Inc. (a) | 121,174 | 478,637 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 421,944 | 818,571 | |
Ligand Pharmaceuticals, Inc.: | |||
rights 12/31/11 (a) | 41,636 | 0 | |
Class B (a) | 35,427 | 384,029 | |
rights (a) | 26,087 | 1,122 | |
rights | 26,087 | 913 | |
rights (a) | 26,087 | 783 | |
rights (a) | 26,087 | 561 | |
Luna Innovations, Inc. (a) | 14,322 | 27,355 | |
MannKind Corp. (a)(d) | 155,644 | 582,109 | |
Marina Biotech, Inc. (a)(d) | 24,825 | 17,350 | |
Maxygen, Inc. | 84,192 | 351,081 | |
MediciNova, Inc. (a) | 5,606 | 20,378 | |
Medivation, Inc. (a)(d) | 67,096 | 1,159,419 | |
| |||
Shares | Value | ||
Metabolix, Inc. (a)(d) | 52,180 | $ 473,794 | |
Micromet, Inc. (a)(d) | 172,673 | 1,075,753 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 76,975 | 1,068,413 | |
Myrexis, Inc. (a) | 78,861 | 302,038 | |
Myriad Genetics, Inc. (a)(d) | 181,824 | 3,367,380 | |
Nabi Biopharmaceuticals (a) | 107,264 | 607,114 | |
Nanosphere, Inc. (a) | 21,580 | 70,998 | |
Neuralstem, Inc. (a)(d) | 67,988 | 139,375 | |
Neurocrine Biosciences, Inc. (a) | 110,468 | 745,659 | |
NeurogesX, Inc. (a)(d) | 18,576 | 70,775 | |
Nile Therapeutics, Inc. (a) | 25,000 | 15,000 | |
Novavax, Inc. (a)(d) | 164,307 | 427,198 | |
NPS Pharmaceuticals, Inc. (a) | 136,555 | 1,055,570 | |
Omeros Corp. (a)(d) | 24,072 | 156,227 | |
OncoGenex Pharmaceuticals, Inc. (a) | 14,191 | 222,799 | |
Oncothyreon, Inc. (a)(d) | 35,000 | 110,950 | |
ONYX Pharmaceuticals, Inc. (a) | 121,713 | 4,289,166 | |
Opexa Therapeutics, Inc. (a)(d) | 16,303 | 30,161 | |
Opko Health, Inc. (a)(d) | 308,000 | 1,487,640 | |
Orchid Cellmark, Inc. (a) | 20,246 | 42,112 | |
OREXIGEN Therapeutics, Inc. (a)(d) | 67,497 | 220,040 | |
Osiris Therapeutics, Inc. (a)(d) | 34,104 | 226,110 | |
OXiGENE, Inc. (a) | 2,854 | 6,992 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 44,103 | 85,119 | |
PDL BioPharma, Inc. (d) | 283,029 | 1,570,811 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 126,870 | 282,920 | |
Pharmacyclics, Inc. (a)(d) | 89,553 | 462,093 | |
Pharmasset, Inc. (a) | 55,140 | 2,757,000 | |
PharmAthene, Inc. (a)(d) | 65,286 | 204,345 | |
Poniard Pharmaceuticals, Inc. (a)(d) | 65,535 | 22,937 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 77,075 | 435,474 | |
PROLOR Biotech, Inc. (a)(d) | 83,603 | 476,537 | |
Raptor Pharmaceutical Corp. (a)(d) | 66,987 | 240,483 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 134,583 | 4,881,325 | |
Repligen Corp. (a) | 65,974 | 317,995 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 117,188 | 186,329 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 105,868 | 740,017 | |
RXi Pharmaceuticals Corp. (a)(d) | 32,745 | 55,667 | |
Sangamo Biosciences, Inc. (a)(d) | 102,470 | 847,427 | |
Savient Pharmaceuticals, Inc. (a)(d) | 129,760 | 1,250,886 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 81,031 | 359,778 | |
Seattle Genetics, Inc. (a)(d) | 183,700 | 2,727,945 | |
SIGA Technologies, Inc. (a)(d) | 68,091 | 912,419 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 102,942 | 698,976 | |
StemCells, Inc. (a)(d) | 577,693 | 537,312 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 43,318 | 90,968 | |
Synta Pharmaceuticals Corp. (a)(d) | 51,508 | 287,930 | |
Talecris Biotherapeutics Holdings Corp. (a) | 120,390 | 3,002,527 | |
Targacept, Inc. (a) | 47,180 | 1,352,651 | |
Telik, Inc. (a)(d) | 81,953 | 86,051 | |
Tengion, Inc. (a) | 3,080 | 8,439 | |
Theravance, Inc. (a)(d) | 121,175 | 2,760,367 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 31,608 | 74,279 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Transcept Pharmaceuticals, Inc. (a) | 8,035 | $ 71,753 | |
Trimeris, Inc. (a)(d) | 51,840 | 132,710 | |
Trius Therapeutics, Inc. | 11,671 | 78,546 | |
United Therapeutics Corp. (a)(d) | 97,797 | 6,594,452 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 50,708 | 373,211 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 399,537 | 18,646,392 | |
Vical, Inc. (a)(d) | 130,900 | 276,199 | |
XOMA Ltd. (a)(d) | 70,792 | 370,242 | |
Zalicus, Inc. (a)(d) | 139,798 | 303,362 | |
ZIOPHARM Oncology, Inc. (a)(d) | 123,726 | 753,491 | |
Zogenix, Inc. | 25,010 | 102,041 | |
| 167,767,230 | ||
Health Care Equipment & Supplies - 2.9% | |||
Abaxis, Inc. (a)(d) | 44,657 | 1,184,304 | |
Abiomed, Inc. (a) | 65,779 | 820,264 | |
Accuray, Inc. (a) | 117,529 | 1,163,537 | |
Alere, Inc. (a)(d) | 166,953 | 6,451,064 | |
Align Technology, Inc. (a)(d) | 126,886 | 2,645,573 | |
Alimera Sciences, Inc. (a)(d) | 16,534 | 131,941 | |
Alphatec Holdings, Inc. (a)(d) | 121,047 | 321,985 | |
American Medical Systems Holdings, Inc. (a)(d) | 150,910 | 3,306,438 | |
Analogic Corp. | 26,724 | 1,448,441 | |
Angiodynamics, Inc. (a)(d) | 50,411 | 847,913 | |
Anika Therapeutics, Inc. (a) | 23,734 | 214,793 | |
Antares Pharma, Inc. (a) | 291,705 | 455,060 | |
ArthroCare Corp. (a) | 53,034 | 1,829,143 | |
Atricure, Inc. (a) | 17,851 | 179,224 | |
Atrion Corp. | 3,139 | 553,531 | |
Beckman Coulter, Inc. | 136,435 | 11,341,842 | |
BioLase Technology, Inc. (a) | 42,518 | 131,806 | |
Bovie Medical Corp. (a)(d) | 27,980 | 76,945 | |
BSD Medical Corp. (a)(d) | 95,648 | 417,025 | |
Cantel Medical Corp. | 30,619 | 669,025 | |
Cardica, Inc. (a)(d) | 38,892 | 127,566 | |
Cardiovascular Systems, Inc. (a) | 30,872 | 274,761 | |
Cerus Corp. (a)(d) | 105,314 | 362,280 | |
Conceptus, Inc. (a)(d) | 54,532 | 766,720 | |
CONMED Corp. (a) | 56,910 | 1,506,977 | |
Cooper Companies, Inc. | 88,943 | 5,498,456 | |
Cryolife, Inc. (a) | 62,316 | 336,506 | |
Cutera, Inc. (a) | 28,281 | 273,194 | |
Cyberonics, Inc. (a)(d) | 52,881 | 1,746,659 | |
Cynosure, Inc. Class A (a) | 19,062 | 260,006 | |
Daxor Corp. | 4,315 | 46,429 | |
Delcath Systems, Inc. (a)(d) | 77,527 | 507,802 | |
Derma Sciences, Inc. (a) | 15,164 | 163,316 | |
DexCom, Inc. (a)(d) | 118,541 | 1,734,255 | |
Digirad Corp. (a) | 23,301 | 56,388 | |
DynaVox, Inc. Class A (a) | 31,306 | 182,827 | |
Edwards Lifesciences Corp. (a) | 222,093 | 18,886,789 | |
| |||
Shares | Value | ||
Endologix, Inc. (a) | 82,756 | $ 491,571 | |
EnteroMedics, Inc. (a) | 36,799 | 102,669 | |
Escalon Medical Corp. (a) | 3,512 | 4,776 | |
Exactech, Inc. (a) | 16,201 | 307,009 | |
Fonar Corp. (a) | 785 | 1,586 | |
Gen-Probe, Inc. (a)(d) | 98,481 | 6,192,485 | |
Greatbatch, Inc. (a)(d) | 46,571 | 1,158,686 | |
Haemonetics Corp. (a)(d) | 49,513 | 3,052,476 | |
Hansen Medical, Inc. (a)(d) | 150,643 | 314,844 | |
Hill-Rom Holdings, Inc. | 121,945 | 4,642,446 | |
Hologic, Inc. (a) | 509,778 | 10,287,320 | |
ICU Medical, Inc. (a)(d) | 29,363 | 1,232,952 | |
IDEXX Laboratories, Inc. (a)(d) | 113,863 | 8,847,155 | |
Immucor, Inc. (a) | 133,720 | 2,603,528 | |
Insulet Corp. (a)(d) | 68,909 | 1,219,689 | |
Integra LifeSciences Holdings Corp. (a) | 37,738 | 1,892,561 | |
Invacare Corp. (d) | 64,211 | 1,898,719 | |
Iridex Corp. (a) | 9,439 | 34,452 | |
IRIS International, Inc. (a) | 45,897 | 465,855 | |
IVAX Diagnostics, Inc. (a) | 7,111 | 8,675 | |
Kensey Nash Corp. (a) | 23,000 | 603,980 | |
Kewaunee Scientific Corp. | 4,046 | 54,783 | |
Kinetic Concepts, Inc. (a)(d) | 122,849 | 6,015,916 | |
LeMaitre Vascular, Inc. | 1,968 | 13,264 | |
Mako Surgical Corp. (a)(d) | 76,211 | 1,569,947 | |
Masimo Corp. (d) | 104,192 | 3,140,347 | |
Medical Action Industries, Inc. (a) | 32,086 | 265,030 | |
MELA Sciences, Inc. (a)(d) | 56,246 | 147,927 | |
Meridian Bioscience, Inc. | 77,781 | 1,677,736 | |
Merit Medical Systems, Inc. (a)(d) | 65,679 | 1,121,797 | |
Natus Medical, Inc. (a) | 54,935 | 871,269 | |
Neogen Corp. (a)(d) | 45,552 | 1,703,189 | |
Neoprobe Corp. (a) | 151,812 | 645,201 | |
NeuroMetrix, Inc. (a) | 7,830 | 4,072 | |
NuVasive, Inc. (a)(d) | 77,459 | 2,070,479 | |
NxStage Medical, Inc. (a)(d) | 66,463 | 1,371,132 | |
OraSure Technologies, Inc. (a) | 90,011 | 623,776 | |
Orthofix International NV (a) | 35,872 | 1,133,555 | |
Orthovita, Inc. (a)(d) | 153,839 | 366,137 | |
Palomar Medical Technologies, Inc. (a) | 37,055 | 592,139 | |
PositiveID Corp. (a) | 38,054 | 23,213 | |
Quidel Corp. (a)(d) | 56,141 | 738,816 | |
ResMed, Inc. (a)(d) | 296,162 | 9,358,719 | |
Retractable Technologies, Inc. (a) | 5,601 | 9,074 | |
Rochester Medical Corp. (a) | 16,874 | 178,358 | |
Rockwell Medical Technologies, Inc. (a)(d) | 31,392 | 286,295 | |
RTI Biologics, Inc. (a) | 112,823 | 303,494 | |
Sirona Dental Systems, Inc. (a) | 78,736 | 3,973,019 | |
Solta Medical, Inc. (a) | 95,309 | 298,317 | |
SonoSite, Inc. (a)(d) | 29,726 | 1,068,650 | |
Staar Surgical Co. (a)(d) | 59,345 | 356,070 | |
Stereotaxis, Inc. (a)(d) | 86,066 | 339,961 | |
Steris Corp. | 104,191 | 3,526,865 | |
SurModics, Inc. (a)(d) | 30,705 | 400,393 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Symmetry Medical, Inc. (a) | 70,589 | $ 638,125 | |
Synergetics USA, Inc. (a) | 50,364 | 254,338 | |
Synovis Life Technologies, Inc. (a) | 24,716 | 487,894 | |
Teleflex, Inc. | 77,827 | 4,544,319 | |
The Spectranetics Corp. (a) | 69,914 | 336,985 | |
Theragenics Corp. (a) | 45,104 | 78,932 | |
ThermoGenesis Corp. (a) | 9,860 | 26,918 | |
Thoratec Corp. (a) | 113,467 | 3,163,460 | |
TomoTherapy, Inc. (a) | 105,827 | 376,744 | |
TranS1, Inc. (a)(d) | 3,362 | 11,162 | |
Unilife Corp. (a)(d) | 91,041 | 429,714 | |
Urologix, Inc. (a)(d) | 5,053 | 3,082 | |
Uroplasty, Inc. (a) | 38,436 | 194,871 | |
Utah Medical Products, Inc. | 5,222 | 143,971 | |
Vascular Solutions, Inc. (a)(d) | 26,619 | 292,543 | |
Vermillion, Inc. (a) | 14,358 | 71,503 | |
Vision Sciences, Inc. (a) | 8,293 | 17,001 | |
Volcano Corp. (a) | 98,373 | 2,581,308 | |
West Pharmaceutical Services, Inc. | 64,987 | 2,671,616 | |
Wright Medical Group, Inc. (a) | 79,689 | 1,261,477 | |
Young Innovations, Inc. | 11,302 | 357,934 | |
Zoll Medical Corp. (a)(d) | 42,034 | 1,945,334 | |
| 176,422,390 | ||
Health Care Providers & Services - 2.7% | |||
Accretive Health, Inc. (d) | 61,669 | 1,253,731 | |
Addus HomeCare Corp. (a) | 4,950 | 22,226 | |
Air Methods Corp. (a) | 21,830 | 1,267,013 | |
Alliance Healthcare Services, Inc. (a) | 85,590 | 354,343 | |
Allied Healthcare International, Inc. (a) | 93,265 | 228,499 | |
Almost Family, Inc. (a) | 17,026 | 664,014 | |
Amedisys, Inc. (a)(d) | 55,217 | 1,983,395 | |
America Service Group, Inc. | 22,770 | 416,236 | |
American Dental Partners, Inc. (a) | 32,592 | 418,807 | |
AMERIGROUP Corp. (a)(d) | 100,691 | 5,774,629 | |
AMN Healthcare Services, Inc. (a) | 81,540 | 609,104 | |
AmSurg Corp. (a) | 64,648 | 1,527,632 | |
Animal Health International, Inc. (a) | 28,873 | 112,605 | |
Arcadia Resources, Inc. (a) | 234,491 | 36,932 | |
Assisted Living Concepts, Inc. Class A (a) | 20,297 | 729,677 | |
Bio-Reference Laboratories, Inc. (a)(d) | 47,759 | 999,118 | |
BioScrip, Inc. (a) | 94,888 | 400,427 | |
Brookdale Senior Living, Inc. (a) | 196,815 | 5,292,355 | |
Capital Senior Living Corp. (a) | 42,320 | 355,065 | |
CardioNet, Inc. (a)(d) | 51,733 | 249,353 | |
Catalyst Health Solutions, Inc. (a) | 76,718 | 3,468,421 | |
Centene Corp. (a)(d) | 100,262 | 3,054,983 | |
Chemed Corp. | 45,925 | 3,005,332 | |
Chindex International, Inc. (a)(d) | 31,354 | 559,669 | |
Community Health Systems, Inc. (a) | 186,579 | 7,625,484 | |
Continucare Corp. (a) | 66,963 | 379,011 | |
Corvel Corp. (a) | 14,051 | 695,525 | |
| |||
Shares | Value | ||
Cross Country Healthcare, Inc. (a) | 61,944 | $ 515,374 | |
Emergency Medical Services Corp. | 58,865 | 3,717,325 | |
Emergent Group, Inc. | 4,000 | 33,680 | |
Emeritus Corp. (a)(d) | 59,212 | 1,393,258 | |
Epocrates, Inc. (a) | 10,804 | 234,447 | |
ExamWorks Group, Inc. (a) | 18,466 | 389,079 | |
Five Star Quality Care, Inc. (a) | 85,432 | 599,733 | |
Genoptix, Inc. (a) | 34,459 | 861,130 | |
Gentiva Health Services, Inc. (a) | 59,621 | 1,683,101 | |
Hanger Orthopedic Group, Inc. (a) | 65,013 | 1,748,850 | |
Health Management Associates, Inc. Class A (a) | 489,818 | 4,898,180 | |
Health Net, Inc. (a) | 190,448 | 5,602,980 | |
HealthSouth Corp. (a) | 185,790 | 4,497,976 | |
Healthspring, Inc. (a) | 101,634 | 3,825,504 | |
Healthways, Inc. (a) | 68,247 | 953,411 | |
HearUSA, Inc. (a) | 11,117 | 6,559 | |
Henry Schein, Inc. (a)(d) | 178,684 | 12,325,622 | |
HMS Holdings Corp. (a)(d) | 54,353 | 4,106,913 | |
Hooper Holmes, Inc. (a) | 117,357 | 92,712 | |
InfuSystems Holdings, Inc. (a) | 5,400 | 13,824 | |
Integramed America, Inc. (a) | 12,500 | 127,000 | |
IPC The Hospitalist Co., Inc. (a) | 40,062 | 1,634,530 | |
Kindred Healthcare, Inc. (a)(d) | 77,307 | 1,926,490 | |
Landauer, Inc. | 19,719 | 1,240,325 | |
LCA-Vision, Inc. (a) | 24,822 | 175,492 | |
LHC Group, Inc. (a)(d) | 36,807 | 1,099,057 | |
LifePoint Hospitals, Inc. (a)(d) | 109,087 | 4,252,211 | |
Lincare Holdings, Inc. (d) | 192,877 | 5,659,011 | |
Magellan Health Services, Inc. (a) | 65,947 | 3,164,137 | |
Medcath Corp. (a) | 37,470 | 532,823 | |
MEDNAX, Inc. (a) | 91,778 | 5,959,146 | |
Metropolitan Health Networks, Inc. (a)(d) | 74,750 | 371,508 | |
Molina Healthcare, Inc. (a) | 33,765 | 1,182,788 | |
MWI Veterinary Supply, Inc. (a)(d) | 25,757 | 1,782,900 | |
National Healthcare Corp. | 19,858 | 945,241 | |
National Research Corp. | 4,606 | 150,662 | |
NeoStem, Inc. (a)(d) | 61,492 | 86,089 | |
NovaMed Eyecare, Inc. (a) | 19,134 | 251,421 | |
Omnicare, Inc. | 233,098 | 6,673,596 | |
Owens & Minor, Inc. | 121,844 | 3,801,533 | |
PDI, Inc. (a) | 12,340 | 106,988 | |
PharMerica Corp. (a) | 64,907 | 762,657 | |
Providence Service Corp. (a) | 27,523 | 451,652 | |
PSS World Medical, Inc. (a)(d) | 111,985 | 2,913,850 | |
Psychemedics Corp. | 4,891 | 42,552 | |
RadNet, Inc. (a)(d) | 57,857 | 193,821 | |
RehabCare Group, Inc. (a) | 48,383 | 1,797,428 | |
Rural/Metro Corp. (a) | 51,730 | 775,433 | |
Select Medical Holdings Corp. (a) | 114,670 | 894,426 | |
Sharps Compliance Corp. (a)(d) | 23,452 | 131,800 | |
Skilled Healthcare Group, Inc. (a)(d) | 55,360 | 758,986 | |
SRI/Surgical Express, Inc. (a) | 2,620 | 15,065 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Sun Healthcare Group, Inc. (a) | 50,315 | $ 739,631 | |
Sunrise Senior Living, Inc. (a) | 117,342 | 1,336,525 | |
Team Health Holdings, Inc. (a)(d) | 40,997 | 758,035 | |
The Ensign Group, Inc. | 25,474 | 774,664 | |
Triple-S Management Corp. (a)(d) | 42,519 | 840,175 | |
U.S. Physical Therapy, Inc. (a) | 23,352 | 461,669 | |
Universal American Financial Corp. | 79,092 | 1,627,713 | |
Universal Health Services, Inc. Class B | 181,295 | 8,286,994 | |
VCA Antech, Inc. (a)(d) | 168,631 | 4,222,520 | |
Wellcare Health Plans, Inc. (a) | 83,317 | 3,128,553 | |
| 161,020,341 | ||
Health Care Technology - 0.4% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 364,343 | 7,778,723 | |
Arrhythmia Research Technology, Inc. | 7,380 | 46,125 | |
athenahealth, Inc. (a)(d) | 68,550 | 3,108,057 | |
Computer Programs & Systems, Inc. | 27,034 | 1,460,106 | |
Emdeon, Inc. Class A (a) | 85,869 | 1,348,143 | |
HealthStream, Inc. (a) | 24,676 | 192,226 | |
iCAD, Inc. (a) | 80,945 | 103,610 | |
MedAssets, Inc. (a)(d) | 88,552 | 1,254,782 | |
Medidata Solutions, Inc. (a) | 43,908 | 1,137,656 | |
Mediware Information Systems, Inc. (a) | 1,310 | 14,698 | |
MedQuist, Inc. (d) | 19,722 | 176,512 | |
Merge Healthcare, Inc. (a) | 152,366 | 763,354 | |
Omnicell, Inc. (a) | 65,872 | 885,320 | |
Quality Systems, Inc. | 35,150 | 2,808,485 | |
Simulations Plus, Inc. (a) | 24,000 | 78,960 | |
Transcend Services, Inc. (a) | 21,882 | 465,868 | |
Vital Images, Inc. (a) | 35,168 | 527,168 | |
| 22,149,793 | ||
Life Sciences Tools & Services - 1.2% | |||
Accelrys, Inc. (a) | 120,176 | 1,040,724 | |
Affymetrix, Inc. (a)(d) | 138,802 | 681,518 | |
Albany Molecular Research, Inc. (a) | 52,930 | 239,244 | |
Apricus Biosciences, Inc. (a)(d) | 31,298 | 167,757 | |
Arrowhead Research Corp. (a)(d) | 107,660 | 73,209 | |
Bio-Rad Laboratories, Inc. Class A (a) | 37,965 | 4,334,084 | |
Bioanalytical Systems, Inc. (a) | 4,772 | 11,739 | |
BioClinica, Inc. (a) | 2,110 | 10,086 | |
Biodelivery Sciences International, Inc. (a) | 29,350 | 102,725 | |
Bruker BioSciences Corp. (a) | 140,981 | 2,705,425 | |
Caliper Life Sciences, Inc. (a) | 89,830 | 600,963 | |
Cambrex Corp. (a) | 55,696 | 305,214 | |
Charles River Laboratories International, Inc. (a) | 132,754 | 4,837,556 | |
Complete Genomics, Inc. | 6,387 | 46,625 | |
Covance, Inc. (a)(d) | 126,119 | 7,116,895 | |
Dionex Corp. (a) | 34,049 | 4,011,653 | |
Enzo Biochem, Inc. (a) | 71,931 | 310,023 | |
| |||
Shares | Value | ||
eResearchTechnology, Inc. (a) | 97,301 | $ 617,861 | |
Furiex Pharmaceuticals, Inc. (a) | 22,412 | 372,487 | |
Harvard Bioscience, Inc. (a) | 44,066 | 191,467 | |
Illumina, Inc. (a)(d) | 245,253 | 17,020,558 | |
Kendle International, Inc. (a) | 32,552 | 387,369 | |
Luminex Corp. (a)(d) | 83,541 | 1,572,242 | |
Medtox Scientific, Inc. | 20,575 | 311,506 | |
Mettler-Toledo International, Inc. (a)(d) | 65,907 | 11,294,483 | |
Pacific Biosciences of California, Inc. (d) | 24,450 | 384,843 | |
PAREXEL International Corp. (a) | 114,327 | 2,683,255 | |
Pharmaceutical Product Development, Inc. | 215,781 | 5,927,504 | |
pSivida Corp. (a)(d) | 36,297 | 143,736 | |
Pure Bioscience (a)(d) | 60,728 | 117,205 | |
Radient Pharmaceuticals Corp. (a) | 43,458 | 28,030 | |
Sequenom, Inc. (a)(d) | 173,740 | 1,066,764 | |
SeraCare Life Sciences, Inc. (a) | 22,066 | 88,926 | |
Strategic Diagnostics, Inc. (a) | 3,743 | 8,309 | |
Techne Corp. | 71,991 | 5,161,035 | |
Virtualscopics, Inc. (a)(d) | 21,674 | 42,048 | |
| 74,015,068 | ||
Pharmaceuticals - 1.0% | |||
Acura Pharmaceuticals, Inc. (a)(d) | 10,000 | 32,900 | |
Adeona Pharmaceuticals, Inc. (a)(d) | 51,943 | 60,254 | |
Adolor Corp. (a) | 98,002 | 137,203 | |
Aegerion Pharmaceuticals, Inc. | 8,209 | 121,986 | |
Akorn, Inc. (a)(d) | 152,326 | 851,502 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 101,778 | 127,223 | |
Ardea Biosciences, Inc. (a)(d) | 31,860 | 844,609 | |
ARYx Therapeutics, Inc. (a) | 22,000 | 5,870 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 91,907 | 2,065,150 | |
AVANIR Pharmaceuticals Class A (a)(d) | 172,793 | 651,430 | |
Biodel, Inc. (a)(d) | 43,101 | 87,495 | |
BioMimetic Therapeutics, Inc. (a) | 45,475 | 613,003 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 82,366 | 618,569 | |
Caraco Pharmaceutical Laboratories Ltd. (a)(d) | 20,224 | 105,367 | |
Columbia Laboratories, Inc. (a)(d) | 113,680 | 396,743 | |
Corcept Therapeutics, Inc. (a)(d) | 102,377 | 382,890 | |
Cornerstone Therapeutics, Inc. (a) | 14,000 | 75,460 | |
CPEX Pharmaceuticals, Inc. (a) | 2,885 | 78,587 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 25,805 | 157,927 | |
DepoMed, Inc. (a)(d) | 91,801 | 770,210 | |
Durect Corp. (a) | 164,752 | 533,796 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 203,752 | 7,237,271 | |
Heska Corp. (a) | 2,043 | 12,238 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 20,470 | 472,652 | |
Impax Laboratories, Inc. (a) | 120,889 | 2,489,105 | |
Inspire Pharmaceuticals, Inc. (a) | 122,003 | 490,452 | |
Ista Pharmaceuticals, Inc. (a) | 56,235 | 433,572 | |
Jazz Pharmaceuticals, Inc. (a) | 51,340 | 1,264,504 | |
KV Pharmaceutical Co. Class A (a)(d) | 95,206 | 772,121 | |
Lannett Co., Inc. (a)(d) | 38,740 | 219,656 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
MAP Pharmaceuticals, Inc. (a)(d) | 35,439 | $ 571,631 | |
Medicis Pharmaceutical Corp. Class A | 113,164 | 3,631,433 | |
Nektar Therapeutics (a)(d) | 220,724 | 2,116,743 | |
NuPathe, Inc. | 4,564 | 35,736 | |
Obagi Medical Products, Inc. (a) | 38,431 | 440,419 | |
Oculus Innovative Sciences, Inc. (a)(d) | 37,430 | 76,732 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 67,979 | 811,669 | |
Pain Therapeutics, Inc. (d) | 81,649 | 558,479 | |
Par Pharmaceutical Companies, Inc. (a) | 67,377 | 2,080,602 | |
Pernix Therapeutics Holdings, Inc. (a) | 6,280 | 75,360 | |
Perrigo Co. | 166,122 | 12,696,704 | |
Pozen, Inc. (a) | 51,346 | 263,918 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 113,928 | 1,476,507 | |
Repros Therapeutics, Inc. (a)(d) | 22,363 | 100,634 | |
Salix Pharmaceuticals Ltd. (a) | 100,357 | 3,345,902 | |
Santarus, Inc. (a) | 112,545 | 359,019 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 72,498 | 221,119 | |
Sucampo Pharmaceuticals, Inc. | 9,550 | 40,970 | |
SuperGen, Inc. (a) | 95,559 | 283,810 | |
The Medicines Company (a)(d) | 102,906 | 1,789,535 | |
Ventrus Biosciences, Inc. | 14,203 | 112,204 | |
ViroPharma, Inc. (a) | 151,320 | 2,713,168 | |
Vivus, Inc. (a)(d) | 156,420 | 1,190,356 | |
XenoPort, Inc. (a) | 68,811 | 500,256 | |
| 57,602,651 | ||
TOTAL HEALTH CARE | 658,977,473 | ||
INDUSTRIALS - 13.7% | |||
Aerospace & Defense - 1.1% | |||
AAR Corp. (a)(d) | 77,566 | 2,116,776 | |
AeroVironment, Inc. (a)(d) | 35,853 | 1,040,096 | |
Alliant Techsystems, Inc. | 60,768 | 4,385,627 | |
American Science & Engineering, Inc. | 18,390 | 1,728,660 | |
Applied Energetics, Inc. (a)(d) | 120,402 | 100,174 | |
Ascent Solar Technologies, Inc. (a)(d) | 48,274 | 161,718 | |
Astronics Corp. (a) | 23,103 | 498,101 | |
Astrotech Corp. (a)(d) | 39,511 | 47,808 | |
BE Aerospace, Inc. (a) | 197,941 | 6,674,571 | |
Breeze Industrial Products Corp. (a) | 9,000 | 63,630 | |
Ceradyne, Inc. (a)(d) | 50,748 | 1,940,096 | |
CPI Aerostructures, Inc. (a) | 6,823 | 101,458 | |
Cubic Corp. | 31,432 | 1,581,344 | |
Curtiss-Wright Corp. | 90,702 | 3,346,904 | |
DigitalGlobe, Inc. (a) | 55,805 | 1,801,385 | |
Ducommun, Inc. | 21,976 | 491,603 | |
Esterline Technologies Corp. (a) | 57,843 | 4,139,824 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 114,678 | 595,179 | |
GeoEye, Inc. (a) | 43,856 | 1,953,785 | |
| |||
Shares | Value | ||
Global Defense Technology & Systems, Inc. (a) | 6,632 | $ 108,433 | |
HEICO Corp. Class A | 54,928 | 2,148,783 | |
Herley Industries, Inc. (a) | 27,079 | 514,501 | |
Hexcel Corp. (a) | 185,780 | 3,446,219 | |
Innovative Solutions & Support, Inc. (a) | 8,701 | 51,684 | |
KEYW Holding Corp. | 32,855 | 468,184 | |
Kratos Defense & Security Solutions, Inc. (a) | 37,342 | 538,098 | |
Ladish Co., Inc. (a) | 28,761 | 1,559,997 | |
LMI Aerospace, Inc. (a) | 20,120 | 361,355 | |
Moog, Inc. Class A (a) | 81,294 | 3,691,561 | |
National Presto Industries, Inc. | 10,035 | 1,269,829 | |
Orbital Sciences Corp. (a)(d) | 114,216 | 2,031,903 | |
SIFCO Industries, Inc. | 1,004 | 16,315 | |
Sparton Corp. (a) | 15,255 | 118,989 | |
Spirit AeroSystems Holdings, Inc. | 201,028 | 5,224,718 | |
Sypris Solutions, Inc. (a) | 8,306 | 34,885 | |
Taser International, Inc. (a)(d) | 148,024 | 559,531 | |
Teledyne Technologies, Inc. (a) | 70,547 | 3,694,546 | |
TransDigm Group, Inc. (a) | 74,886 | 6,019,337 | |
Triumph Group, Inc. | 36,729 | 3,180,364 | |
| 67,807,971 | ||
Air Freight & Logistics - 0.2% | |||
Air Transport Services Group, Inc. (a) | 116,519 | 914,674 | |
Atlas Air Worldwide Holdings, Inc. (a) | 50,817 | 3,469,785 | |
Express-1 Expedited Solutions, Inc. (a)(d) | 36,115 | 81,259 | |
Forward Air Corp. | 58,738 | 1,740,407 | |
Hub Group, Inc. Class A (a) | 74,096 | 2,590,396 | |
Pacer International, Inc. (a)(d) | 66,403 | 360,568 | |
Park-Ohio Holdings Corp. (a) | 19,844 | 438,156 | |
UTI Worldwide, Inc. | 197,179 | 3,923,862 | |
| 13,519,107 | ||
Airlines - 0.9% | |||
AirTran Holdings, Inc. (a) | 263,703 | 1,925,032 | |
Alaska Air Group, Inc. (a) | 70,119 | 4,168,575 | |
Allegiant Travel Co. (d) | 30,802 | 1,271,199 | |
AMR Corp. (a)(d) | 647,666 | 4,365,269 | |
Delta Air Lines, Inc. (a) | 1,551,833 | 17,442,603 | |
Hawaiian Holdings, Inc. (a) | 111,372 | 739,510 | |
JetBlue Airways Corp. (a)(d) | 484,804 | 2,763,383 | |
Pinnacle Airlines Corp. (a) | 44,001 | 266,206 | |
Republic Airways Holdings, Inc. (a)(d) | 96,210 | 609,971 | |
SkyWest, Inc. | 114,274 | 1,885,521 | |
United Continental Holdings, Inc. (d) | 621,392 | 14,938,264 | |
US Airways Group, Inc. (a)(d) | 318,018 | 2,738,135 | |
| 53,113,668 | ||
Building Products - 0.5% | |||
A.O. Smith Corp. | 67,620 | 2,731,848 | |
AAON, Inc. | 29,059 | 892,111 | |
Ameresco, Inc. Class A (a) | 19,011 | 274,139 | |
American Woodmark Corp. | 17,801 | 355,130 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Ameron International Corp. | 17,064 | $ 1,205,742 | |
Apogee Enterprises, Inc. | 58,003 | 792,901 | |
Armstrong World Industries, Inc. (d) | 34,784 | 1,448,406 | |
Builders FirstSource, Inc. (a) | 93,298 | 222,982 | |
Gibraltar Industries, Inc. (a) | 60,586 | 656,146 | |
Griffon Corp. (a) | 103,053 | 1,242,819 | |
Insteel Industries, Inc. | 37,536 | 464,320 | |
Lennox International, Inc. | 99,447 | 4,823,180 | |
NCI Building Systems, Inc. (a)(d) | 41,117 | 580,983 | |
Owens Corning (a) | 219,633 | 7,847,487 | |
PGT, Inc. (a)(d) | 27,428 | 65,553 | |
Quanex Building Products Corp. | 73,366 | 1,385,884 | |
Simpson Manufacturing Co. Ltd. (d) | 73,324 | 2,121,263 | |
Trex Co., Inc. (a) | 30,535 | 914,523 | |
Universal Forest Products, Inc. | 38,813 | 1,323,523 | |
US Home Systems, Inc. (a) | 9,441 | 44,562 | |
USG Corp. (a)(d) | 134,742 | 2,309,478 | |
| 31,702,980 | ||
Commercial Services & Supplies - 1.5% | |||
A.T. Cross Co. Class A (a) | 7,939 | 86,456 | |
ABM Industries, Inc. | 85,064 | 2,265,254 | |
ACCO Brands Corp. (a) | 109,260 | 934,173 | |
American Reprographics Co. (a) | 75,972 | 676,151 | |
Amrep Corp. (a) | 2,187 | 22,439 | |
APAC Customer Services, Inc. (a) | 67,188 | 393,722 | |
Casella Waste Systems, Inc. Class A (a) | 61,767 | 452,752 | |
CECO Environmental Corp. (a) | 10,861 | 64,514 | |
Cenveo, Inc. (a)(d) | 130,034 | 726,890 | |
Clean Harbors, Inc. (a) | 44,510 | 4,089,579 | |
Consolidated Graphics, Inc. (a) | 20,441 | 1,114,852 | |
Copart, Inc. (a) | 147,342 | 6,189,837 | |
Corrections Corp. of America (a)(d) | 219,204 | 5,445,027 | |
Courier Corp. | 23,631 | 337,214 | |
Covanta Holding Corp. (d) | 249,310 | 4,218,325 | |
Deluxe Corp. | 100,098 | 2,557,504 | |
Document Security Systems, Inc. (a)(d) | 17,893 | 82,308 | |
Ecology & Environment, Inc. Class A | 3,122 | 47,173 | |
EnergySolutions, Inc. | 174,901 | 1,157,845 | |
EnerNOC, Inc. (a)(d) | 35,536 | 685,134 | |
Ennis, Inc. | 53,968 | 876,980 | |
Food Technology Service, Inc. (a) | 6,071 | 22,159 | |
Fuel Tech, Inc. (a)(d) | 43,650 | 326,502 | |
G&K Services, Inc. Class A | 37,108 | 1,203,041 | |
GlobalOptions Group, Inc. (a) | 14,933 | 40,618 | |
Healthcare Services Group, Inc. | 117,115 | 2,081,134 | |
Herman Miller, Inc. | 113,341 | 3,053,407 | |
Higher One Holdings, Inc. (a)(d) | 57,594 | 1,082,191 | |
HNI Corp. | 72,810 | 2,310,261 | |
Hudson Technologies, Inc. (a) | 5,000 | 9,650 | |
Humitech International Group, Inc. (a) | 75 | 0 | |
Industrial Services of America, Inc. (a)(d) | 12,843 | 138,576 | |
| |||
Shares | Value | ||
InnerWorkings, Inc. (a)(d) | 63,081 | $ 515,372 | |
Interface, Inc. Class A | 109,071 | 1,818,214 | |
Intersections, Inc. | 9,831 | 98,212 | |
KAR Auction Services, Inc. (a) | 50,849 | 713,920 | |
Kimball International, Inc. Class B | 52,828 | 378,248 | |
Knoll, Inc. | 96,068 | 1,985,726 | |
M&F Worldwide Corp. (a) | 23,397 | 580,480 | |
McGrath RentCorp. | 47,879 | 1,317,151 | |
Metalico, Inc. (a)(d) | 92,179 | 586,258 | |
Mine Safety Appliances Co. | 62,543 | 2,259,679 | |
Mobile Mini, Inc. (a)(d) | 74,207 | 1,687,467 | |
Multi-Color Corp. | 22,010 | 408,286 | |
Perma-Fix Environmental Services, Inc. (a) | 89,073 | 131,828 | |
Quad/Graphics, Inc. (a) | 50,597 | 2,196,922 | |
Rollins, Inc. | 150,980 | 2,962,228 | |
Schawk, Inc. Class A | 23,338 | 421,718 | |
Standard Parking Corp. (a) | 29,583 | 537,227 | |
Standard Register Co. | 38,184 | 131,353 | |
Steelcase, Inc. Class A | 168,074 | 1,631,999 | |
Superior Uniform Group, Inc. | 4,343 | 47,816 | |
Swisher Hygiene, Inc. (a)(d) | 117,478 | 708,799 | |
Sykes Enterprises, Inc. (a) | 83,899 | 1,560,521 | |
Team, Inc. (a) | 38,022 | 985,910 | |
Tetra Tech, Inc. (a) | 118,584 | 2,786,724 | |
The Brink's Co. | 93,036 | 2,872,021 | |
The Geo Group, Inc. (a) | 135,034 | 3,433,915 | |
TRC Companies, Inc. (a) | 16,594 | 67,704 | |
Unifirst Corp. Massachusetts | 30,918 | 1,743,775 | |
United Stationers, Inc. (a) | 45,961 | 3,098,691 | |
US Ecology, Inc. | 43,879 | 737,606 | |
Versar, Inc. (a) | 11,390 | 41,004 | |
Viad Corp. | 40,904 | 937,520 | |
Virco Manufacturing Co. | 4,818 | 15,418 | |
Waste Connections, Inc. | 226,289 | 6,560,118 | |
WCA Waste Corp. (a) | 27,200 | 142,800 | |
| 88,794,298 | ||
Construction & Engineering - 0.9% | |||
AECOM Technology Corp. (a) | 198,112 | 5,673,928 | |
Argan, Inc. (a)(d) | 15,383 | 138,447 | |
Comfort Systems USA, Inc. | 79,056 | 1,049,073 | |
Dycom Industries, Inc. (a) | 77,487 | 1,337,426 | |
EMCOR Group, Inc. (a)(d) | 130,321 | 4,152,027 | |
Furmanite Corp. (a) | 69,822 | 507,606 | |
Granite Construction, Inc. (d) | 66,073 | 1,883,081 | |
Great Lakes Dredge & Dock Corp. | 112,772 | 887,516 | |
Insituform Technologies, Inc. | 75,809 | 1,958,905 | |
Integrated Electrical Services, Inc. (a) | 10,323 | 39,537 | |
KBR, Inc. | 309,000 | 10,135,200 | |
Layne Christensen Co. (a) | 39,752 | 1,326,524 | |
MasTec, Inc. (a)(d) | 111,237 | 2,071,233 | |
Michael Baker Corp. (a) | 15,127 | 476,047 | |
MYR Group, Inc. (a) | 45,089 | 1,017,208 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Northwest Pipe Co. (a)(d) | 22,062 | $ 523,752 | |
Orion Marine Group, Inc. (a) | 51,220 | 632,567 | |
Pike Electric Corp. (a) | 32,606 | 316,930 | |
Primoris Services Corp. (d) | 36,996 | 316,316 | |
Shaw Group, Inc. (a) | 161,703 | 6,422,843 | |
Sterling Construction Co., Inc. (a)(d) | 32,215 | 422,017 | |
Tutor Perini Corp. | 66,236 | 1,577,742 | |
UniTek Global Services, Inc. (a) | 19,130 | 187,091 | |
URS Corp. (a) | 163,543 | 7,609,656 | |
| 50,662,672 | ||
Electrical Equipment - 1.5% | |||
A123 Systems, Inc. (a)(d) | 142,269 | 1,348,710 | |
Active Power, Inc. (a) | 187,322 | 421,475 | |
Acuity Brands, Inc. (d) | 84,301 | 4,764,693 | |
Advanced Battery Technologies, Inc. (a)(d) | 151,159 | 586,497 | |
Akeena Solar, Inc. (a)(d) | 35,000 | 17,850 | |
Allied Motion Technologies, Inc. (a) | 3,555 | 28,440 | |
Altair Nanotechnologies, Inc. (a)(d) | 59,203 | 159,848 | |
American Superconductor Corp. (a)(d) | 88,604 | 2,349,778 | |
AMETEK, Inc. | 312,747 | 13,119,737 | |
AZZ, Inc. | 25,466 | 1,086,380 | |
Babcock & Wilcox Co. (a) | 225,326 | 7,609,259 | |
Beacon Power Corp. (a)(d) | 47,910 | 164,810 | |
Belden, Inc. | 91,473 | 3,350,656 | |
Brady Corp. Class A | 93,121 | 3,328,145 | |
Broadwind Energy, Inc. (a)(d) | 133,691 | 213,906 | |
Capstone Turbine Corp. (a)(d) | 548,211 | 833,281 | |
Coleman Cable, Inc. (a)(d) | 24,488 | 180,966 | |
Digital Power Corp. (a) | 4,959 | 8,182 | |
Encore Wire Corp. | 38,225 | 896,759 | |
Ener1, Inc. (a)(d) | 160,121 | 590,846 | |
Energy Focus, Inc. (a) | 51,088 | 52,621 | |
EnerSys (a) | 95,300 | 3,383,150 | |
Franklin Electric Co., Inc. | 39,386 | 1,673,905 | |
FuelCell Energy, Inc. (a)(d) | 272,108 | 476,189 | |
Generac Holdings, Inc. | 58,920 | 1,080,004 | |
General Cable Corp. (a) | 105,820 | 4,594,704 | |
Global Power Equipment Group, Inc. (a) | 31,178 | 700,570 | |
GrafTech International Ltd. (a) | 236,834 | 4,739,048 | |
Hoku Corp. (a)(d) | 35,507 | 69,239 | |
Hubbell, Inc. Class B | 110,599 | 7,466,538 | |
II-VI, Inc. (a) | 50,968 | 2,609,052 | |
LaBarge, Inc. (a) | 20,481 | 321,142 | |
LGL Group, Inc. (a) | 3,009 | 55,817 | |
Lime Energy Co. (a) | 31,271 | 156,042 | |
LSI Industries, Inc. | 44,151 | 341,729 | |
MagneTek, Inc. (a) | 24,905 | 50,308 | |
Ocean Power Technologies, Inc. (a)(d) | 24,836 | 129,147 | |
Orion Energy Systems, Inc. (a) | 43,600 | 171,784 | |
Plug Power, Inc. (a) | 166,422 | 121,488 | |
| |||
Shares | Value | ||
Polypore International, Inc. (a)(d) | 45,790 | $ 2,675,968 | |
Powell Industries, Inc. (a) | 17,975 | 672,085 | |
PowerSecure International, Inc. (a)(d) | 41,535 | 307,359 | |
Preformed Line Products Co. | 7,217 | 512,263 | |
Regal-Beloit Corp. (d) | 75,788 | 5,528,735 | |
Satcon Technology Corp. (a)(d) | 224,636 | 817,675 | |
SL Industries, Inc. (a) | 5,468 | 104,603 | |
Technology Research Corp. | 3,139 | 16,731 | |
Thomas & Betts Corp. (a) | 103,835 | 5,751,421 | |
Ultralife Corp. (a)(d) | 40,740 | 210,218 | |
Universal Security Instruments, Inc. (a) | 4,000 | 29,760 | |
UQM Technologies, Inc. (a)(d) | 78,497 | 240,201 | |
Valence Technology, Inc. (a)(d) | 182,149 | 275,045 | |
Vicor Corp. (d) | 39,731 | 605,103 | |
Woodward, Inc. | 113,582 | 3,735,712 | |
| 90,735,574 | ||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 121,895 | 5,242,704 | |
Raven Industries, Inc. | 37,521 | 2,035,889 | |
Seaboard Corp. | 737 | 1,709,987 | |
Standex International Corp. | 26,889 | 921,486 | |
Tredegar Corp. | 48,210 | 941,059 | |
United Capital Corp. (a) | 2,068 | 56,829 | |
| 10,907,954 | ||
Machinery - 3.9% | |||
3D Systems Corp. (a)(d) | 38,080 | 1,864,016 | |
Accuride Corp. (a) | 83,552 | 1,168,892 | |
Actuant Corp. Class A (d) | 130,881 | 3,703,932 | |
Adept Technology, Inc. (a) | 1,291 | 5,190 | |
AGCO Corp. (a) | 181,382 | 9,936,106 | |
Alamo Group, Inc. | 18,436 | 537,225 | |
Albany International Corp. Class A | 53,276 | 1,297,803 | |
Altra Holdings, Inc. (a) | 54,394 | 1,176,542 | |
American Railcar Industries, Inc. (a) | 20,486 | 414,022 | |
Ampco-Pittsburgh Corp. | 16,311 | 432,568 | |
Art's-Way Manufacturing Co., Inc. | 3,831 | 41,605 | |
ArvinMeritor, Inc. (a) | 173,166 | 3,103,135 | |
Astec Industries, Inc. (a) | 38,382 | 1,317,654 | |
Badger Meter, Inc. | 31,371 | 1,233,194 | |
Baldwin Technology Co., Inc. Class A (a) | 3,555 | 5,155 | |
Barnes Group, Inc. | 86,285 | 1,836,145 | |
Blount International, Inc. (a) | 97,986 | 1,489,387 | |
Briggs & Stratton Corp. | 96,887 | 1,950,335 | |
Bucyrus International, Inc. Class A | 148,326 | 13,506,566 | |
Cascade Corp. | 18,293 | 893,796 | |
Chart Industries, Inc. (a) | 56,719 | 2,574,475 | |
CIRCOR International, Inc. | 34,734 | 1,377,203 | |
CLARCOR, Inc. | 99,410 | 4,089,727 | |
Colfax Corp. (a) | 49,026 | 1,087,397 | |
Columbus McKinnon Corp. (NY Shares) (a) | 40,623 | 701,559 | |
Commercial Vehicle Group, Inc. (a) | 49,426 | 778,954 | |
Crane Co. | 99,079 | 4,680,492 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Donaldson Co., Inc. | 139,322 | $ 7,843,829 | |
Douglas Dynamics, Inc. | 35,787 | 572,592 | |
Dynamic Materials Corp. | 26,712 | 705,998 | |
Eastern Co. | 8,134 | 154,546 | |
Energy Recovery, Inc. (a)(d) | 88,726 | 300,781 | |
EnPro Industries, Inc. (a)(d) | 39,961 | 1,585,652 | |
ESCO Technologies, Inc. | 52,994 | 2,029,140 | |
Federal Signal Corp. | 121,956 | 789,055 | |
Flow International Corp. (a) | 102,629 | 409,490 | |
Force Protection, Inc. (a) | 136,858 | 689,764 | |
FreightCar America, Inc. (d) | 31,161 | 876,247 | |
Gardner Denver, Inc. | 101,180 | 7,400,305 | |
Gorman-Rupp Co. | 28,769 | 1,073,947 | |
Graco, Inc. (d) | 116,017 | 4,723,052 | |
Graham Corp. (d) | 20,873 | 443,134 | |
Greenbrier Companies, Inc. (a)(d) | 45,775 | 1,143,460 | |
Hardinge, Inc. | 25,807 | 344,523 | |
Harsco Corp. | 157,949 | 5,397,117 | |
Hurco Companies, Inc. (a) | 13,162 | 395,255 | |
IDEX Corp. | 157,452 | 6,493,320 | |
John Bean Technologies Corp. | 58,324 | 1,106,406 | |
Kadant, Inc. (a) | 25,872 | 673,189 | |
Kaydon Corp. | 64,666 | 2,537,494 | |
Kennametal, Inc. | 160,750 | 6,182,445 | |
Key Technology, Inc. (a) | 11,387 | 230,473 | |
L.B. Foster Co. Class A (a)(d) | 22,446 | 942,732 | |
Lincoln Electric Holdings, Inc. | 85,091 | 6,073,796 | |
Lindsay Corp. (d) | 24,455 | 1,726,768 | |
Lydall, Inc. (a) | 33,795 | 302,127 | |
Manitowoc Co., Inc. (d) | 260,096 | 5,152,502 | |
Met-Pro Corp. | 36,943 | 421,520 | |
MFRI, Inc. (a) | 13,428 | 155,765 | |
Middleby Corp. (a)(d) | 36,192 | 3,245,337 | |
Miller Industries, Inc. | 26,248 | 436,242 | |
Mueller Industries, Inc. | 76,666 | 2,605,111 | |
Mueller Water Products, Inc. Class A | 286,665 | 1,163,860 | |
NACCO Industries, Inc. Class A | 10,884 | 1,355,602 | |
Navistar International Corp. (a) | 105,778 | 6,556,120 | |
NN, Inc. (a) | 36,484 | 446,929 | |
Nordson Corp. | 60,201 | 6,556,491 | |
Omega Flex, Inc. (a)(d) | 4,300 | 56,201 | |
Oshkosh Co. (a) | 178,540 | 6,368,522 | |
Pentair, Inc. | 191,238 | 7,091,105 | |
PMFG, Inc. (a)(d) | 25,803 | 478,904 | |
RBC Bearings, Inc. (a) | 43,042 | 1,557,690 | |
Robbins & Myers, Inc. | 76,725 | 3,270,787 | |
Sauer-Danfoss, Inc. (a) | 26,342 | 804,221 | |
SPX Corp. | 98,916 | 7,889,540 | |
Sun Hydraulics Corp. | 28,995 | 1,046,720 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 34,121 | 410,476 | |
| |||
Shares | Value | ||
Tennant Co. | 33,809 | $ 1,374,336 | |
Terex Corp. (a)(d) | 213,332 | 7,199,955 | |
The L.S. Starrett Co. Class A | 6,189 | 80,581 | |
Timken Co. | 151,421 | 7,377,231 | |
Titan International, Inc. (d) | 70,041 | 1,682,385 | |
Toro Co. | 63,139 | 3,939,874 | |
TriMas Corp. (a) | 33,711 | 693,435 | |
Trinity Industries, Inc. (d) | 156,215 | 4,866,097 | |
Twin Disc, Inc. | 18,379 | 594,744 | |
Valmont Industries, Inc. | 42,962 | 4,385,561 | |
Wabash National Corp. (a)(d) | 133,245 | 1,388,413 | |
WABCO Holdings, Inc. (a) | 125,378 | 7,325,837 | |
Wabtec Corp. | 93,655 | 5,315,858 | |
Watts Water Technologies, Inc. Class A | 57,382 | 2,244,210 | |
| 229,887,874 | ||
Marine - 0.2% | |||
Alexander & Baldwin, Inc. | 81,410 | 3,414,335 | |
Baltic Trading Ltd. | 48,719 | 461,369 | |
Eagle Bulk Shipping, Inc. (a)(d) | 132,519 | 544,653 | |
Genco Shipping & Trading Ltd. (a)(d) | 62,443 | 758,058 | |
Horizon Lines, Inc. Class A | 72,927 | 333,276 | |
International Shipholding Corp. | 14,747 | 360,417 | |
Kirby Corp. (a) | 105,519 | 5,839,421 | |
Rand Logistics, Inc. (a) | 2,487 | 18,553 | |
| 11,730,082 | ||
Professional Services - 1.2% | |||
Acacia Research Corp. - Acacia Technologies (a) | 67,099 | 1,967,343 | |
Administaff, Inc. | 46,842 | 1,401,981 | |
Advisory Board Co. (a) | 31,342 | 1,603,457 | |
Barrett Business Services, Inc. | 12,908 | 188,328 | |
CBIZ, Inc. (a)(d) | 95,075 | 673,131 | |
CDI Corp. | 25,347 | 377,163 | |
Corporate Executive Board Co. | 66,842 | 2,678,359 | |
CoStar Group, Inc. (a)(d) | 46,991 | 2,662,980 | |
CRA International, Inc. (a) | 21,805 | 565,622 | |
CTPartners Executive Search, Inc. | 10,063 | 155,977 | |
Dolan Co. (a) | 56,531 | 706,638 | |
Exponent, Inc. (a) | 28,956 | 1,139,419 | |
Franklin Covey Co. (a)(d) | 30,881 | 251,063 | |
FTI Consulting, Inc. (a)(d) | 93,744 | 3,092,615 | |
GP Strategies Corp. (a)(d) | 29,042 | 336,306 | |
Heidrick & Struggles International, Inc. | 34,549 | 940,769 | |
Hill International, Inc. (a) | 49,889 | 264,412 | |
Hudson Highland Group, Inc. (a) | 54,561 | 366,104 | |
Huron Consulting Group, Inc. (a) | 45,521 | 1,266,394 | |
ICF International, Inc. (a) | 37,186 | 843,007 | |
IHS, Inc. Class A (a)(d) | 92,381 | 7,732,290 | |
Innovaro, Inc. (a) | 10,333 | 18,599 | |
Kelly Services, Inc. Class A (non-vtg.) (a) | 57,466 | 1,207,935 | |
Kforce, Inc. (a) | 74,115 | 1,323,694 | |
Korn/Ferry International (a) | 91,646 | 2,095,028 | |
LECG Corp. (a) | 30,977 | 4,027 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
Lightbridge Corp. (a)(d) | 11,581 | $ 61,843 | |
Manpower, Inc. | 160,775 | 10,209,213 | |
MISTRAS Group, Inc. (a)(d) | 33,597 | 506,979 | |
National Technical Systems, Inc. | 1,200 | 9,168 | |
Navigant Consulting, Inc. (a) | 100,907 | 947,517 | |
Nielsen Holdings B.V. (a) | 140,466 | 3,734,991 | |
Odyssey Marine Exploration, Inc. (a) | 151,557 | 495,591 | |
On Assignment, Inc. (a) | 71,724 | 753,102 | |
RCM Technologies, Inc. (a) | 22,706 | 115,346 | |
Resources Connection, Inc. | 90,155 | 1,739,090 | |
School Specialty, Inc. (a) | 39,327 | 603,669 | |
SFN Group, Inc. (a) | 102,608 | 1,419,069 | |
Spherix, Inc. (a) | 5,297 | 2,638 | |
Towers Watson & Co. | 101,508 | 5,968,670 | |
TrueBlue, Inc. (a) | 86,607 | 1,398,703 | |
Verisk Analytics, Inc. (a) | 224,446 | 7,260,828 | |
VSE Corp. | 9,167 | 248,517 | |
| 69,337,575 | ||
Road & Rail - 1.0% | |||
AMERCO (a) | 11,990 | 1,158,114 | |
Arkansas Best Corp. | 50,459 | 1,196,887 | |
Avis Budget Group, Inc. (a)(d) | 201,625 | 3,088,895 | |
Celadon Group, Inc. (a) | 50,144 | 732,604 | |
Con-way, Inc. | 105,515 | 3,435,568 | |
Covenant Transport Group, Inc. | 16,885 | 146,900 | |
Dollar Thrifty Automotive Group, Inc. (a) | 52,793 | 2,803,836 | |
Frozen Food Express Industries, Inc. (a) | 4,026 | 16,507 | |
Genesee & Wyoming, Inc. Class A (a) | 76,158 | 3,967,070 | |
Heartland Express, Inc. | 110,460 | 1,832,531 | |
Hertz Global Holdings, Inc. (a)(d) | 360,000 | 5,475,600 | |
J.B. Hunt Transport Services, Inc. | 179,007 | 7,448,481 | |
Kansas City Southern (a)(d) | 201,136 | 10,829,162 | |
Knight Transportation, Inc. | 114,292 | 2,126,974 | |
Landstar System, Inc. (d) | 97,539 | 4,337,559 | |
Marten Transport Ltd. | 34,654 | 739,863 | |
Old Dominion Freight Lines, Inc. (a) | 90,224 | 2,777,095 | |
P.A.M. Transportation Services, Inc. (a) | 12,026 | 142,388 | |
Patriot Transportation Holding, Inc. (a) | 8,604 | 215,616 | |
Quality Distribution, Inc. (a) | 32,552 | 328,775 | |
RailAmerica, Inc. (a) | 52,514 | 787,710 | |
Roadrunner Transportation Systems, Inc. | 22,643 | 319,040 | |
Saia, Inc. (a)(d) | 33,104 | 499,208 | |
Swift Transporation Co. | 143,690 | 2,072,010 | |
Universal Truckload Services, Inc. (a) | 9,909 | 159,436 | |
USA Truck, Inc. (a) | 17,441 | 223,070 | |
Werner Enterprises, Inc. (d) | 99,291 | 2,338,303 | |
YRC Worldwide, Inc. (a)(d) | 78,254 | 211,286 | |
| 59,410,488 | ||
| |||
Shares | Value | ||
Trading Companies & Distributors - 0.6% | |||
Aceto Corp. | 69,108 | $ 548,026 | |
Aircastle Ltd. | 107,319 | 1,296,414 | |
Applied Industrial Technologies, Inc. | 75,333 | 2,413,669 | |
Beacon Roofing Supply, Inc. (a)(d) | 98,166 | 2,082,101 | |
BlueLinx Corp. (a) | 17,244 | 66,734 | |
CAI International, Inc. (a) | 24,138 | 511,243 | |
DXP Enterprises, Inc. (a)(d) | 18,580 | 395,011 | |
Essex Rental Corp. (a)(d) | 20,996 | 133,325 | |
GATX Corp. | 79,317 | 2,751,507 | |
H&E Equipment Services, Inc. (a) | 57,634 | 903,701 | |
Houston Wire & Cable Co. (d) | 36,511 | 489,247 | |
Interline Brands, Inc. (a)(d) | 64,109 | 1,404,628 | |
Kaman Corp. | 49,075 | 1,564,020 | |
Lawson Products, Inc. | 9,785 | 235,525 | |
MSC Industrial Direct Co., Inc. Class A | 86,603 | 5,472,444 | |
RSC Holdings, Inc. (a) | 96,600 | 1,316,658 | |
Rush Enterprises, Inc. Class A (a)(d) | 66,005 | 1,238,914 | |
TAL International Group, Inc. | 25,477 | 888,638 | |
Textainer Group Holdings Ltd. | 35,862 | 1,267,722 | |
Titan Machinery, Inc. (a)(d) | 32,340 | 832,108 | |
United Rentals, Inc. (a)(d) | 118,661 | 3,676,118 | |
Watsco, Inc. (d) | 50,967 | 3,291,449 | |
WESCO International, Inc. (a)(d) | 82,887 | 4,825,681 | |
Willis Lease Finance Corp. (a) | 12,371 | 163,050 | |
| 37,767,933 | ||
TOTAL INDUSTRIALS | 815,378,176 | ||
INFORMATION TECHNOLOGY - 15.9% | |||
Communications Equipment - 1.8% | |||
Acme Packet, Inc. (a)(d) | 99,890 | 7,515,724 | |
ADTRAN, Inc. | 121,712 | 5,535,462 | |
Alliance Fiber Optic Products, Inc. (a) | 9,905 | 133,222 | |
Anaren, Inc. (a) | 41,478 | 880,163 | |
Arris Group, Inc. (a)(d) | 246,193 | 3,249,748 | |
Aruba Networks, Inc. (a)(d) | 141,477 | 4,307,975 | |
Aviat Networks, Inc. (a) | 125,073 | 764,196 | |
Bel Fuse, Inc. Class B (non-vtg.) | 18,625 | 407,888 | |
BigBand Networks, Inc. (a) | 90,571 | 235,485 | |
Black Box Corp. | 36,434 | 1,391,414 | |
Blue Coat Systems, Inc. (a)(d) | 83,497 | 2,349,606 | |
Brocade Communications Systems, Inc. (a) | 884,713 | 5,635,622 | |
Calix Networks, Inc. (a)(d) | 51,009 | 907,450 | |
Ciena Corp. (a)(d) | 181,085 | 4,992,513 | |
Communications Systems, Inc. | 3,190 | 51,487 | |
Comtech Telecommunications Corp. | 62,933 | 1,702,338 | |
DG FastChannel, Inc. (a)(d) | 50,558 | 1,673,975 | |
Dialogic, Inc. (a) | 41,259 | 204,232 | |
Digi International, Inc. (a) | 59,093 | 654,160 | |
Ditech Networks, Inc. (a)(d) | 24,840 | 41,731 | |
EchoStar Holding Corp. Class A (a) | 86,005 | 2,984,374 | |
EMCORE Corp. (a)(d) | 184,398 | 514,470 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
EMS Technologies, Inc. (a) | 35,647 | $ 692,978 | |
Emulex Corp. (a) | 164,499 | 1,809,489 | |
Endwave Corp. (a) | 18,064 | 48,050 | |
Entrada Networks, Inc. (a) | 292 | 0 | |
Extreme Networks, Inc. (a) | 219,655 | 861,048 | |
Finisar Corp. (a)(d) | 151,617 | 6,219,329 | |
Globecomm Systems, Inc. (a) | 45,031 | 479,580 | |
Harmonic, Inc. (a)(d) | 225,039 | 2,162,625 | |
Infinera Corp. (a)(d) | 192,127 | 1,538,937 | |
InterDigital, Inc. (d) | 86,182 | 4,109,158 | |
Ixia (a)(d) | 92,005 | 1,614,688 | |
KVH Industries, Inc. (a) | 38,479 | 564,872 | |
Lantronix, Inc. (a) | 2,994 | 11,407 | |
Loral Space & Communications Ltd. (a) | 22,721 | 1,719,071 | |
Meru Networks, Inc. (a)(d) | 20,980 | 448,133 | |
NETGEAR, Inc. (a) | 68,637 | 2,251,294 | |
Network Engines, Inc. (a) | 84,070 | 174,025 | |
Network Equipment Technologies, Inc. (a)(d) | 65,892 | 239,847 | |
NumereX Corp. Class A (a) | 10,935 | 100,602 | |
Oclaro, Inc. (a) | 95,783 | 1,688,654 | |
Oplink Communications, Inc. (a) | 38,506 | 1,047,748 | |
Opnext, Inc. (a) | 103,950 | 435,551 | |
Optical Cable Corp. | 11,466 | 74,529 | |
ORBCOMM, Inc. (a) | 66,752 | 236,970 | |
Parkervision, Inc. (a)(d) | 51,329 | 37,983 | |
PC-Tel, Inc. (a) | 41,380 | 309,936 | |
Performance Technologies, Inc. (a) | 4,304 | 8,608 | |
Plantronics, Inc. | 92,910 | 3,241,630 | |
Polycom, Inc. (a) | 167,813 | 8,021,461 | |
Powerwave Technologies, Inc. (a) | 279,645 | 1,031,890 | |
Procera Networks, Inc. (a) | 25,489 | 217,166 | |
Relm Wireless Corp. (a)(d) | 20,572 | 39,910 | |
Riverbed Technology, Inc. (a) | 290,027 | 11,975,215 | |
SeaChange International, Inc. (a) | 69,895 | 659,809 | |
ShoreTel, Inc. (a) | 39,770 | 270,038 | |
Sonus Networks, Inc. (a) | 399,314 | 1,209,921 | |
Sycamore Networks, Inc. | 41,488 | 885,769 | |
Symmetricom, Inc. (a) | 84,462 | 478,055 | |
Technical Communications Corp. (d) | 2,835 | 29,739 | |
Tekelec (a)(d) | 155,538 | 1,192,976 | |
Telular Corp. | 31,267 | 217,306 | |
TII Industries, Inc. (a) | 52,081 | 172,909 | |
Tollgrade Communications, Inc. (a) | 17,252 | 172,347 | |
UTStarcom, Inc. (a)(d) | 257,429 | 527,729 | |
ViaSat, Inc. (a)(d) | 79,495 | 3,307,787 | |
Westell Technologies, Inc. Class A (a) | 123,763 | 404,705 | |
Zhone Technologies, Inc. (a) | 51,951 | 120,007 | |
Zoom Technologies, Inc. (a)(d) | 8,588 | 32,291 | |
| 109,227,007 | ||
| |||
Shares | Value | ||
Computers & Peripherals - 0.8% | |||
Avid Technology, Inc. (a)(d) | 56,969 | $ 1,256,736 | |
Concurrent Computer Corp. (a) | 7,911 | 48,494 | |
Cray, Inc. (a) | 84,529 | 623,824 | |
Datalink Corp. (a) | 20,636 | 139,293 | |
Dataram Corp. (a) | 23,649 | 54,629 | |
Diebold, Inc. | 130,812 | 4,599,350 | |
Dot Hill Systems Corp. (a) | 105,073 | 343,589 | |
Electronics for Imaging, Inc. (a) | 98,666 | 1,522,416 | |
Hauppauge Digital, Inc. (a)(d) | 28,370 | 67,237 | |
Hutchinson Technology, Inc. (a)(d) | 50,049 | 157,154 | |
Hypercom Corp. (a) | 99,964 | 998,640 | |
iGO, Inc. (a)(d) | 68,990 | 262,852 | |
Imation Corp. (a) | 71,887 | 825,263 | |
Immersion Corp. (a) | 59,376 | 421,570 | |
Intermec, Inc. (a) | 98,922 | 1,110,894 | |
Interphase Corp. (a) | 2,203 | 11,566 | |
Intevac, Inc. (a)(d) | 43,751 | 558,700 | |
KEY Tronic Corp. (a) | 21,607 | 102,417 | |
NCR Corp. (a) | 314,956 | 6,015,660 | |
Novatel Wireless, Inc. (a)(d) | 68,406 | 404,964 | |
OCZ Technology Group, Inc. (a) | 52,350 | 394,196 | |
Overland Storage, Inc. (a) | 2,016 | 3,185 | |
Presstek, Inc. (a)(d) | 42,003 | 99,547 | |
QLogic Corp. (a)(d) | 211,000 | 3,810,660 | |
Qualstar Corp. (a) | 2,735 | 5,032 | |
Quantum Corp. (a)(d) | 422,201 | 1,093,501 | |
Rimage Corp. | 17,322 | 260,003 | |
Seagate Technology (a) | 930,284 | 11,814,607 | |
Silicon Graphics International Corp. (a) | 61,311 | 950,934 | |
STEC, Inc. (a)(d) | 81,099 | 1,656,853 | |
Stratasys, Inc. (a)(d) | 40,503 | 1,838,026 | |
Super Micro Computer, Inc. (a)(d) | 46,041 | 688,313 | |
Synaptics, Inc. (a)(d) | 68,552 | 2,022,284 | |
Transact Technologies, Inc. (a) | 18,832 | 186,813 | |
USA Technologies, Inc. (a)(d) | 67,384 | 123,987 | |
| 44,473,189 | ||
Electronic Equipment & Components - 2.2% | |||
ADDvantage Technologies Group, Inc. (a) | 11,928 | 37,692 | |
Advanced Photonix, Inc. Class A (a)(d) | 11,134 | 22,936 | |
Aeroflex Holding Corp. | 47,000 | 923,550 | |
Agilysys, Inc. (a) | 29,348 | 147,327 | |
Anixter International, Inc. | 57,125 | 4,091,293 | |
Arrow Electronics, Inc. (a) | 230,555 | 9,037,756 | |
Avnet, Inc. (a) | 297,266 | 10,169,470 | |
AVX Corp. | 98,930 | 1,577,934 | |
Benchmark Electronics, Inc. (a) | 125,273 | 2,362,649 | |
Brightpoint, Inc. (a) | 138,116 | 1,740,262 | |
CalAmp Corp. (a) | 49,629 | 151,368 | |
Checkpoint Systems, Inc. (a) | 78,951 | 1,719,553 | |
Clearfield, Inc. (a) | 5,604 | 28,020 | |
Cognex Corp. | 71,064 | 1,983,396 | |
Coherent, Inc. (a) | 49,195 | 3,037,791 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Comverge, Inc. (a)(d) | 54,584 | $ 277,833 | |
CTS Corp. | 70,681 | 838,277 | |
Daktronics, Inc. | 76,570 | 876,727 | |
DDi Corp. | 48,439 | 502,312 | |
Digital Ally, Inc. (a)(d) | 16,594 | 28,708 | |
Dolby Laboratories, Inc. Class A (a) | 101,160 | 5,115,661 | |
DTS, Inc. (a) | 33,459 | 1,517,366 | |
Dynasil Corp. of America (a) | 2,000 | 9,380 | |
Echelon Corp. (a)(d) | 68,729 | 602,066 | |
Electro Rent Corp. | 34,950 | 559,550 | |
Electro Scientific Industries, Inc. (a) | 49,520 | 754,685 | |
eMagin Corp. (a) | 37,814 | 311,587 | |
Fabrinet (a) | 21,799 | 637,185 | |
FARO Technologies, Inc. (a) | 29,999 | 1,069,464 | |
Frequency Electronics, Inc. (a) | 1,170 | 9,430 | |
Gerber Scientific, Inc. (a) | 49,572 | 408,969 | |
Giga-Tronics, Inc. (a) | 4,585 | 11,646 | |
GTSI Corp. (a) | 11,645 | 55,197 | |
I. D. Systems Inc. (a) | 11,645 | 56,711 | |
Identive Group, Inc. (a) | 4,117 | 10,828 | |
IEC Electronics Corp. (a)(d) | 18,101 | 153,315 | |
Image Sensing Systems, Inc. (a) | 2,863 | 38,765 | |
Ingram Micro, Inc. Class A (a) | 307,566 | 6,129,790 | |
Insight Enterprises, Inc. (a) | 93,156 | 1,703,823 | |
Intelli-Check, Inc. (a)(d) | 25,728 | 33,189 | |
IPG Photonics Corp. (a)(d) | 51,791 | 2,947,944 | |
Iteris, Inc. (a) | 52,448 | 86,015 | |
Itron, Inc. (a)(d) | 78,774 | 4,467,274 | |
KEMET Corp. (a) | 69,720 | 969,108 | |
L-1 Identity Solutions, Inc. (a) | 173,267 | 2,063,610 | |
LeCroy Corp. (a) | 33,143 | 465,328 | |
LightPath Technologies, Inc. Class A (a) | 1,150 | 1,645 | |
Littelfuse, Inc. | 43,817 | 2,314,852 | |
LoJack Corp. (a) | 47,516 | 284,146 | |
LRAD Corp. (a) | 41,953 | 91,038 | |
Maxwell Technologies, Inc. (a)(d) | 44,403 | 804,138 | |
Measurement Specialties, Inc. (a) | 28,194 | 872,322 | |
Mercury Computer Systems, Inc. (a) | 48,223 | 915,273 | |
Mesa Laboratories, Inc. | 4,207 | 126,420 | |
Methode Electronics, Inc. Class A | 85,089 | 995,541 | |
Micronetics, Inc. (a) | 3,743 | 15,346 | |
Microvision, Inc. (a)(d) | 195,563 | 326,590 | |
MTS Systems Corp. | 32,386 | 1,499,796 | |
Multi-Fineline Electronix, Inc. (a) | 21,997 | 629,554 | |
Napco Security Technolgies, Inc. (a) | 17,472 | 41,059 | |
National Instruments Corp. | 175,018 | 5,448,310 | |
NeoPhotonics Corp. | 15,177 | 278,498 | |
NetList, Inc. (a)(d) | 52,442 | 123,763 | |
Newport Corp. (a) | 73,360 | 1,221,444 | |
OSI Systems, Inc. (a)(d) | 34,048 | 1,280,886 | |
Par Technology Corp. (a) | 7,999 | 42,875 | |
| |||
Shares | Value | ||
Park Electrochemical Corp. | 36,928 | $ 1,174,310 | |
PC Connection, Inc. (a) | 23,992 | 203,932 | |
PC Mall, Inc. (a) | 13,181 | 139,719 | |
Perceptron, Inc. (a) | 2,600 | 17,836 | |
Planar Systems, Inc. (a) | 18,106 | 47,076 | |
Plexus Corp. (a)(d) | 77,365 | 2,431,582 | |
Power-One, Inc. (a)(d) | 142,864 | 1,175,771 | |
Pulse Electronics Corp. | 64,084 | 387,067 | |
RadiSys Corp. (a) | 64,186 | 534,669 | |
RAE Systems, Inc. (a) | 56,052 | 99,212 | |
Research Frontiers, Inc. (a)(d) | 25,194 | 197,521 | |
RF Industries Ltd. | 2,339 | 20,162 | |
RF Monolithics, Inc. (a) | 3,462 | 5,574 | |
Richardson Electronics Ltd. | 33,307 | 432,991 | |
Rofin-Sinar Technologies, Inc. (a) | 64,495 | 2,501,116 | |
Rogers Corp. (a) | 30,685 | 1,447,105 | |
Sanmina-SCI Corp. (a) | 154,151 | 2,407,839 | |
ScanSource, Inc. (a) | 56,111 | 2,049,735 | |
Sigmatron International, Inc. (a) | 762 | 6,340 | |
SMART Modular Technologies (WWH), Inc. (a) | 85,961 | 595,710 | |
Spectrum Control, Inc. (a) | 29,068 | 407,243 | |
Superconductor Technologies, Inc. (a)(d) | 54,849 | 163,999 | |
SYNNEX Corp. (a)(d) | 48,016 | 1,694,004 | |
Tech Data Corp. (a) | 91,774 | 4,550,155 | |
Tessco Technologies, Inc. | 11,035 | 133,965 | |
Trimble Navigation Ltd. (a) | 235,588 | 11,579,150 | |
TTM Technologies, Inc. (a) | 113,407 | 1,989,159 | |
Universal Display Corp. (a)(d) | 64,702 | 2,723,307 | |
Viasystems Group, Inc. (a)(d) | 8,420 | 199,891 | |
Vicon Industries, Inc. (a) | 18,575 | 91,389 | |
Vishay Intertechnology, Inc. (a) | 334,828 | 5,842,749 | |
Vishay Precision Group, Inc. (a) | 25,449 | 421,181 | |
Wireless Ronin Technologies, Inc. (a) | 6,055 | 7,811 | |
X-Rite, Inc. (a)(d) | 48,125 | 223,781 | |
Zygo Corp. (a) | 33,130 | 479,722 | |
| 133,439,009 | ||
Internet Software & Services - 1.4% | |||
Ancestry.com, Inc. (a)(d) | 49,525 | 1,627,392 | |
Answers Corp. (a) | 21,718 | 228,256 | |
AOL, Inc. (a) | 212,272 | 4,430,117 | |
Autobytel, Inc. (a) | 88,801 | 100,345 | |
comScore, Inc. (a) | 49,718 | 1,368,737 | |
Constant Contact, Inc. (a)(d) | 56,232 | 1,626,792 | |
DealerTrack Holdings, Inc. (a)(d) | 80,543 | 1,625,358 | |
Demand Media, Inc. | 18,216 | 409,860 | |
Dice Holdings, Inc. (a)(d) | 68,338 | 938,281 | |
Digital River, Inc. (a)(d) | 77,520 | 2,603,122 | |
EarthLink, Inc. | 216,055 | 1,778,133 | |
EasyLink Services International Corp. (a) | 52,492 | 218,892 | |
EDGAR Online, Inc. (a)(d) | 11,846 | 17,532 | |
Equinix, Inc. (a) | 89,465 | 7,733,355 | |
GSI Commerce, Inc. (a)(d) | 116,685 | 2,425,881 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
IAC/InterActiveCorp (a) | 166,466 | $ 5,172,099 | |
iMergent, Inc. | 8,356 | 50,888 | |
InfoSpace, Inc. (a) | 79,745 | 642,745 | |
InsWeb Corp. (a) | 283 | 2,205 | |
Internap Network Services Corp. (a)(d) | 102,188 | 694,878 | |
Internet Media Services, Inc. (a)(d) | 7,375 | 895 | |
IntraLinks Holdings, Inc. | 43,886 | 1,237,146 | |
Inuvo, Inc. (a) | 12,036 | 33,701 | |
iPass, Inc. | 111,360 | 165,926 | |
j2 Global Communications, Inc. (a)(d) | 90,314 | 2,627,234 | |
Jupiter Media Metrix, Inc. (a) | 14,700 | 0 | |
Keynote Systems, Inc. | 36,547 | 642,862 | |
KIT Digital, Inc. (a) | 58,875 | 765,964 | |
Limelight Networks, Inc. (a)(d) | 117,750 | 818,363 | |
Liquidity Services, Inc. (a) | 39,841 | 640,245 | |
LivePerson, Inc. (a) | 99,584 | 998,828 | |
Local.com Corp. (a)(d) | 40,543 | 160,956 | |
LogMeIn, Inc. (a)(d) | 28,622 | 1,027,244 | |
LoopNet, Inc. (a) | 68,498 | 815,126 | |
Marchex, Inc. Class B | 49,302 | 443,225 | |
Market Leader, Inc. (a) | 9,851 | 25,908 | |
MediaMind Technologies, Inc. (a) | 2,759 | 37,467 | |
ModusLink Global Solutions, Inc. (a) | 97,556 | 673,136 | |
Move, Inc. (a) | 312,817 | 663,172 | |
NaviSite, Inc. (a) | 53,661 | 292,989 | |
NIC, Inc. | 112,983 | 1,145,648 | |
Onstream Media Corp. (a) | 183 | 203 | |
Onvia.com, Inc. (a) | 1,133 | 5,099 | |
OpenTable, Inc. (a)(d) | 33,838 | 3,007,183 | |
Openwave Systems, Inc. (a)(d) | 210,780 | 467,932 | |
Perficient, Inc. (a) | 61,052 | 758,876 | |
quepasa.com, Inc. (a) | 26,197 | 228,176 | |
QuinStreet, Inc. (d) | 51,489 | 1,121,945 | |
Rackspace Hosting, Inc. (a)(d) | 203,249 | 7,501,921 | |
RealNetworks, Inc. (a) | 177,446 | 683,167 | |
Reis, Inc. (a) | 2,805 | 20,953 | |
RightNow Technologies, Inc. (a)(d) | 45,715 | 1,220,133 | |
Saba Software, Inc. (a) | 52,440 | 370,751 | |
SAVVIS, Inc. (a) | 79,080 | 2,569,309 | |
SciQuest, Inc. | 10,000 | 142,600 | |
Selectica, Inc. (a) | 701 | 4,157 | |
SPS Commerce, Inc. (a) | 10,052 | 155,806 | |
Stamps.com, Inc. | 24,970 | 335,597 | |
Support.com, Inc. (a) | 116,051 | 647,565 | |
TechTarget, Inc. (a)(d) | 22,214 | 193,040 | |
Terremark Worldwide, Inc. (a) | 82,362 | 1,563,231 | |
The Knot, Inc. (a) | 65,794 | 659,914 | |
TheStreet.com, Inc. | 58,323 | 193,632 | |
Travelzoo, Inc. (a)(d) | 9,969 | 393,277 | |
United Online, Inc. | 183,141 | 1,100,677 | |
ValueClick, Inc. (a) | 161,818 | 2,415,943 | |
| |||
Shares | Value | ||
Vertro, Inc. (a) | 14,264 | $ 56,343 | |
VistaPrint Ltd. (a)(d) | 79,969 | 4,095,212 | |
Vocus, Inc. (a) | 38,632 | 938,758 | |
Web.com, Inc. (a) | 54,104 | 688,203 | |
WebMD Health Corp. (a) | 114,186 | 6,622,788 | |
WebMediaBrands, Inc. (a) | 31,939 | 43,756 | |
Zix Corp. (a)(d) | 168,463 | 621,628 | |
| 85,738,678 | ||
IT Services - 1.8% | |||
Acorn Energy, Inc. (a) | 33,213 | 135,841 | |
Acxiom Corp. (a)(d) | 157,382 | 2,697,527 | |
Alliance Data Systems Corp. (a)(d) | 102,612 | 8,079,669 | |
Analysts International Corp. (a) | 1,936 | 8,712 | |
Booz Allen Hamilton Holding Corp. | 28,478 | 526,558 | |
Broadridge Financial Solutions, Inc. | 228,221 | 5,230,825 | |
CACI International, Inc. Class A (a) | 60,280 | 3,575,810 | |
Cardtronics, Inc. (a) | 68,109 | 1,290,666 | |
Cass Information Systems, Inc. | 14,016 | 547,325 | |
Ciber, Inc. (a) | 130,559 | 609,711 | |
Computer Task Group, Inc. (a) | 22,774 | 267,139 | |
Convergys Corp. (a) | 212,272 | 2,986,667 | |
CoreLogic, Inc. (a) | 219,654 | 4,096,547 | |
CSG Systems International, Inc. (a) | 78,983 | 1,544,118 | |
CSP, Inc. (a) | 3,555 | 14,647 | |
DST Systems, Inc. | 72,504 | 3,697,704 | |
Dynamics Research Corp. (a) | 12,988 | 199,496 | |
Echo Global Logistics, Inc. (a)(d) | 31,274 | 369,659 | |
Edgewater Technology, Inc. (a) | 4,972 | 11,585 | |
eLoyalty Corp. (a)(d) | 7,980 | 54,264 | |
ePresence, Inc. | 5,520 | 0 | |
Euronet Worldwide, Inc. (a)(d) | 95,849 | 1,731,991 | |
ExlService Holdings, Inc. (a) | 25,623 | 569,343 | |
FleetCor Technologies, Inc. | 23,776 | 760,594 | |
Forrester Research, Inc. | 29,110 | 1,053,200 | |
Gartner, Inc. Class A (a) | 163,046 | 6,150,095 | |
Genpact Ltd. (a) | 201,437 | 2,810,046 | |
Global Cash Access Holdings, Inc. (a) | 60,585 | 208,412 | |
Global Payments, Inc. | 156,176 | 7,494,886 | |
Hackett Group, Inc. (a) | 84,122 | 303,680 | |
Heartland Payment Systems, Inc. | 74,060 | 1,450,095 | |
iGate Corp. (d) | 45,316 | 820,220 | |
Information Services Group, Inc. (a) | 46,725 | 104,664 | |
Innodata Isogen, Inc. (a) | 57,252 | 156,298 | |
Integral Systems, Inc. (a)(d) | 46,815 | 573,016 | |
INX, Inc. (a) | 7,038 | 54,193 | |
Jack Henry & Associates, Inc. | 164,414 | 5,246,451 | |
Lender Processing Services, Inc. | 181,189 | 6,173,109 | |
Lionbridge Technologies, Inc. (a) | 123,325 | 453,836 | |
ManTech International Corp. Class A (a) | 43,490 | 1,878,768 | |
Mastech Holdings, Inc. (a) | 2,512 | 12,309 | |
Maximus, Inc. | 34,970 | 2,587,780 | |
MoneyGram International, Inc. (a)(d) | 187,523 | 517,563 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
NCI, Inc. Class A (a) | 15,408 | $ 352,843 | |
NeuStar, Inc. Class A (a) | 147,418 | 3,722,305 | |
Newtek Business Services, Inc. (a) | 5,503 | 9,245 | |
Online Resources Corp. (a) | 46,607 | 305,276 | |
PFSweb, Inc. (a)(d) | 42,508 | 145,802 | |
PRG-Schultz International, Inc. (a) | 30,843 | 175,497 | |
Rainmaker Systems, Inc. (a) | 15,480 | 21,672 | |
Sapient Corp. (d) | 204,823 | 2,427,153 | |
SRA International, Inc. Class A (a)(d) | 89,680 | 2,441,986 | |
StarTek, Inc. (a) | 22,269 | 123,816 | |
Storage Engine, Inc. (a) | 500 | 0 | |
Stream Global Services, Inc. (a)(d) | 78,136 | 246,128 | |
Syntel, Inc. | 50,809 | 2,675,094 | |
Teletech Holdings, Inc. (a) | 59,352 | 1,352,039 | |
The Management Network Group, Inc. (a) | 2,929 | 7,264 | |
Tier Technologies, Inc. Class B (a) | 19,093 | 119,713 | |
TNS, Inc. (a) | 53,090 | 1,000,747 | |
TSR, Inc. (a) | 2,039 | 10,093 | |
Unisys Corp. (a) | 75,545 | 2,807,252 | |
VeriFone Systems, Inc. (a)(d) | 168,551 | 7,658,957 | |
Virtusa Corp. (a) | 31,847 | 537,896 | |
WidePoint Corp. (a) | 78,781 | 113,445 | |
WPCS International, Inc. (a) | 8,000 | 22,640 | |
Wright Express Corp. (a) | 75,000 | 3,825,000 | |
XETA Technologies, Inc. (a) | 3,181 | 17,527 | |
Zanett, Inc. (a)(d) | 19,063 | 25,163 | |
| 107,199,572 | ||
Office Electronics - 0.1% | |||
Zebra Technologies Corp. Class A (a) | 114,034 | 4,255,749 | |
Semiconductors & Semiconductor Equipment - 4.1% | |||
Advanced Analogic Technologies, Inc. (a) | 105,154 | 444,801 | |
Advanced Energy Industries, Inc. (a) | 72,043 | 1,161,333 | |
AEHR Test Systems (a) | 9,000 | 15,750 | |
Aetrium, Inc. (a) | 100 | 184 | |
Amkor Technology, Inc. (a)(d) | 199,381 | 1,469,438 | |
Amtech Systems, Inc. (a) | 19,535 | 448,719 | |
ANADIGICS, Inc. (a) | 146,428 | 795,104 | |
Applied Micro Circuits Corp. (a) | 131,395 | 1,379,648 | |
Atheros Communications, Inc. (a) | 137,588 | 6,165,318 | |
Atmel Corp. (a) | 908,293 | 13,333,741 | |
ATMI, Inc. (a) | 65,860 | 1,201,286 | |
AuthenTec, Inc. (a) | 53,075 | 182,047 | |
Axcelis Technologies, Inc. (a) | 209,208 | 575,322 | |
AXT, Inc. (a)(d) | 91,754 | 680,815 | |
Brooks Automation, Inc. (a) | 119,546 | 1,500,302 | |
BTU International, Inc. (a) | 5,333 | 57,863 | |
Cabot Microelectronics Corp. (a)(d) | 54,318 | 2,651,805 | |
Cavium Networks, Inc. (a)(d) | 85,207 | 3,679,238 | |
Ceva, Inc. (a) | 42,494 | 968,863 | |
Cirrus Logic, Inc. (a) | 135,032 | 3,152,997 | |
| |||
Shares | Value | ||
Cohu, Inc. | 53,812 | $ 792,113 | |
Conexant Systems, Inc. (a)(d) | 161,880 | 382,037 | |
Cree, Inc. (a)(d) | 210,850 | 11,105,470 | |
CyberOptics Corp. (a) | 1,958 | 18,053 | |
Cymer, Inc. (a)(d) | 54,134 | 2,739,180 | |
Cypress Semiconductor Corp. (a) | 314,445 | 6,590,767 | |
DayStar Technologies, Inc. (a) | 6,144 | 7,864 | |
Diodes, Inc. (a) | 65,668 | 1,901,745 | |
DSP Group, Inc. (a) | 46,628 | 367,895 | |
Energy Conversion Devices, Inc. (a)(d) | 99,364 | 389,507 | |
Entegris, Inc. (a) | 257,847 | 2,248,426 | |
Entropic Communications, Inc. (a)(d) | 132,086 | 1,223,116 | |
Evergreen Solar, Inc. (a)(d) | 98,423 | 218,499 | |
Exar Corp. (a)(d) | 95,781 | 619,703 | |
Fairchild Semiconductor International, Inc. (a) | 244,053 | 4,297,773 | |
FEI Co. (a) | 75,456 | 2,530,040 | |
FormFactor, Inc. (a) | 99,476 | 977,849 | |
FSI International, Inc. (a)(d) | 90,047 | 348,482 | |
GSI Technology, Inc. (a) | 42,569 | 400,574 | |
GT Solar International, Inc. (a)(d) | 135,116 | 1,444,390 | |
Hittite Microwave Corp. (a)(d) | 53,088 | 3,258,541 | |
Ikanos Communications, Inc. (a)(d) | 115,443 | 145,458 | |
Inphi Corp. | 11,327 | 271,735 | |
Integrated Device Technology, Inc. (a) | 321,645 | 2,492,749 | |
Integrated Silicon Solution, Inc. (a)(d) | 51,768 | 506,291 | |
International Rectifier Corp. (a) | 141,027 | 4,532,608 | |
Intersil Corp. Class A | 234,540 | 2,999,767 | |
Intest Corp. (a) | 29,204 | 123,825 | |
IXYS Corp. (a) | 59,965 | 744,765 | |
Kopin Corp. (a) | 153,988 | 676,007 | |
Kulicke & Soffa Industries, Inc. (a) | 128,377 | 1,231,135 | |
Lam Research Corp. (a) | 240,970 | 13,229,253 | |
Lattice Semiconductor Corp. (a) | 226,744 | 1,505,580 | |
Logic Devices, Inc. (a) | 8,982 | 7,017 | |
LTX-Credence Corp. (a) | 104,147 | 931,074 | |
Marvell Technology Group Ltd. (a) | 1,052,326 | 19,236,519 | |
Mattson Technology, Inc. (a)(d) | 112,184 | 293,922 | |
Maxim Integrated Products, Inc. | 581,148 | 16,028,062 | |
MaxLinear, Inc. Class A (a) | 19,423 | 204,330 | |
MEMSIC, Inc. (a) | 6,429 | 21,666 | |
Micrel, Inc. | 96,504 | 1,297,014 | |
Microsemi Corp. (a) | 159,738 | 3,519,028 | |
Mindspeed Technologies, Inc. (a)(d) | 64,454 | 498,874 | |
MIPS Technologies, Inc. (a)(d) | 101,702 | 1,237,713 | |
MKS Instruments, Inc. | 93,109 | 2,795,132 | |
Monolithic Power Systems, Inc. (a) | 82,168 | 1,269,496 | |
MoSys, Inc. (a)(d) | 60,959 | 343,809 | |
Nanometrics, Inc. (a) | 41,017 | 739,126 | |
Netlogic Microsystems, Inc. (a)(d) | 110,318 | 4,566,062 | |
NVE Corp. (a)(d) | 10,084 | 597,477 | |
Omnivision Technologies, Inc. (a) | 103,713 | 3,175,692 | |
ON Semiconductor Corp. (a) | 832,723 | 9,284,861 | |
PDF Solutions, Inc. (a) | 31,972 | 221,246 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Pericom Semiconductor Corp. (a) | 65,839 | $ 662,340 | |
Photronics, Inc. (a)(d) | 106,533 | 952,405 | |
Pixelworks, Inc. (a) | 26,884 | 92,212 | |
PLX Technology, Inc. (a) | 81,321 | 305,767 | |
PMC-Sierra, Inc. (a) | 439,064 | 3,468,606 | |
Power Integrations, Inc. | 54,890 | 2,186,818 | |
QuickLogic Corp. (a)(d) | 76,504 | 382,520 | |
Rambus, Inc. (a)(d) | 217,955 | 4,478,975 | |
Ramtron International Corp. (a) | 28,997 | 62,923 | |
RF Micro Devices, Inc. (a) | 530,268 | 3,977,010 | |
Rubicon Technology, Inc. (a)(d) | 34,656 | 790,850 | |
Rudolph Technologies, Inc. (a) | 62,052 | 687,536 | |
Semtech Corp. (a)(d) | 136,520 | 3,232,794 | |
Sigma Designs, Inc. (a)(d) | 62,892 | 860,363 | |
Silicon Image, Inc. (a) | 164,044 | 1,318,914 | |
Silicon Laboratories, Inc. (a)(d) | 90,568 | 4,111,787 | |
Skyworks Solutions, Inc. (a)(d) | 350,585 | 12,600,025 | |
Spansion, Inc. Class A (a) | 59,282 | 1,249,072 | |
Spire Corp. (a) | 200 | 1,048 | |
Standard Microsystems Corp. (a) | 48,129 | 1,276,862 | |
SunPower Corp. Class A (a)(d) | 193,182 | 3,297,617 | |
Supertex, Inc. (a) | 23,977 | 548,114 | |
Tegal Corp. (a) | 888 | 638 | |
Tessera Technologies, Inc. (a) | 96,167 | 1,674,267 | |
TranSwitch Corp. (a)(d) | 26,715 | 69,993 | |
Trident Microsystems, Inc. (a) | 197,563 | 266,710 | |
TriQuint Semiconductor, Inc. (a)(d) | 301,202 | 4,292,129 | |
Ultra Clean Holdings, Inc. (a) | 44,575 | 471,158 | |
Ultratech, Inc. (a) | 46,881 | 1,158,898 | |
Varian Semiconductor Equipment Associates, Inc. (a) | 144,765 | 6,906,738 | |
Veeco Instruments, Inc. (a)(d) | 80,008 | 3,806,781 | |
Volterra Semiconductor Corp. (a)(d) | 51,480 | 1,298,840 | |
Zoran Corp. (a) | 101,262 | 1,135,147 | |
| 244,079,748 | ||
Software - 3.7% | |||
ACI Worldwide, Inc. (a) | 73,731 | 2,308,518 | |
Activision Blizzard, Inc. | 1,078,613 | 11,994,177 | |
Actuate Corp. (a) | 89,294 | 425,932 | |
Advent Software, Inc. (a) | 65,312 | 1,894,048 | |
American Software, Inc. Class A | 40,573 | 272,651 | |
ANSYS, Inc. (a)(d) | 177,766 | 10,011,781 | |
Ariba, Inc. (a)(d) | 175,176 | 5,421,697 | |
Aspen Technology, Inc. (a) | 162,619 | 2,476,687 | |
Authentidate Holding Corp. (a) | 26,832 | 14,355 | |
Bitstream, Inc. Class A (a) | 3,682 | 24,485 | |
Blackbaud, Inc. | 84,998 | 2,261,797 | |
Blackboard, Inc. (a)(d) | 67,296 | 2,356,033 | |
Bottomline Technologies, Inc. (a)(d) | 68,740 | 1,519,841 | |
BroadSoft, Inc. (a)(d) | 38,144 | 1,346,483 | |
BSQUARE Corp. (a) | 30,361 | 364,332 | |
| |||
Shares | Value | ||
Cadence Design Systems, Inc. (a) | 529,417 | $ 5,267,699 | |
Callidus Software, Inc. (a) | 65,801 | 390,200 | |
Cinedigm Digital Cinema Corp. (a) | 30,643 | 49,029 | |
CommVault Systems, Inc. (a) | 79,833 | 2,916,299 | |
Concur Technologies, Inc. (a)(d) | 87,540 | 4,554,706 | |
Convio, Inc. (a) | 13,190 | 134,934 | |
CyberDefender Corp. (a)(d) | 45,661 | 105,934 | |
Datawatch Corp. (a) | 3,120 | 16,380 | |
Deltek, Inc. (a) | 63,814 | 465,204 | |
DemandTec, Inc. (a)(d) | 53,416 | 694,942 | |
Digimarc Corp. (a) | 11,310 | 337,830 | |
ebix.com, Inc. (a) | 70,033 | 1,844,669 | |
Epicor Software Corp. (a) | 94,454 | 972,876 | |
EPIQ Systems, Inc. | 76,732 | 1,059,669 | |
ePlus, Inc. (a) | 6,630 | 188,425 | |
Evolving Systems, Inc. | 10,466 | 83,519 | |
FactSet Research Systems, Inc. | 83,640 | 8,772,163 | |
Fair Isaac Corp. (d) | 85,151 | 2,379,970 | |
FalconStor Software, Inc. (a) | 70,467 | 343,174 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 88,257 | 3,604,416 | |
Glu Mobile, Inc. (a)(d) | 55,084 | 249,531 | |
GSE Systems, Inc. (a) | 33,148 | 114,692 | |
Guidance Software, Inc. (a) | 16,690 | 127,679 | |
Informatica Corp. (a)(d) | 179,958 | 8,459,826 | |
Interactive Intelligence, Inc. (a) | 26,813 | 922,635 | |
JDA Software Group, Inc. (a) | 80,114 | 2,363,363 | |
Kenexa Corp. (a) | 40,001 | 927,623 | |
Lawson Software, Inc. (a)(d) | 279,066 | 2,829,729 | |
Magma Design Automation, Inc. (a)(d) | 109,679 | 729,365 | |
Majesco Entertainment Co. (a) | 66,866 | 107,654 | |
Manhattan Associates, Inc. (a) | 49,488 | 1,593,514 | |
Mentor Graphics Corp. (a) | 214,494 | 3,410,455 | |
MICROS Systems, Inc. (a) | 155,867 | 7,425,504 | |
MicroStrategy, Inc. Class A (a) | 20,333 | 2,416,577 | |
Monotype Imaging Holdings, Inc. (a) | 47,725 | 638,561 | |
Motricity, Inc. (a)(d) | 62,346 | 965,116 | |
NetScout Systems, Inc. (a) | 65,339 | 1,632,822 | |
NetSol Technologies, Inc. (a) | 127,503 | 230,780 | |
NetSuite, Inc. (a)(d) | 54,145 | 1,624,891 | |
Nuance Communications, Inc. (a)(d) | 475,447 | 8,871,841 | |
Opnet Technologies, Inc. | 27,737 | 945,277 | |
Parametric Technology Corp. (a)(d) | 226,343 | 5,364,329 | |
Peerless Systems Corp. (a) | 15,698 | 48,193 | |
Pegasystems, Inc. (d) | 30,167 | 1,215,127 | |
Pervasive Software, Inc. (a) | 10,000 | 57,500 | |
Progress Software Corp. (a) | 127,275 | 3,736,794 | |
PROS Holdings, Inc. (a) | 42,032 | 481,266 | |
QAD, Inc. Class B | 24,367 | 217,841 | |
QLIK Technologies, Inc. | 108,274 | 2,832,448 | |
Quest Software, Inc. (a) | 122,281 | 3,275,908 | |
Radiant Systems, Inc. (a) | 66,927 | 1,147,798 | |
Rand Worldwide, Inc. (a) | 735 | 515 | |
RealD, Inc. | 65,662 | 1,474,112 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
RealPage, Inc. | 59,216 | $ 1,468,557 | |
Renaissance Learning, Inc. | 17,113 | 183,794 | |
Rosetta Stone, Inc. (a)(d) | 23,548 | 352,278 | |
Rovi Corp. (a)(d) | 213,427 | 11,828,124 | |
S1 Corp. (a) | 119,210 | 778,441 | |
Scientific Learning Corp. (a) | 24,929 | 85,506 | |
Smith Micro Software, Inc. (a) | 60,318 | 565,180 | |
SolarWinds, Inc. (a)(d) | 84,000 | 1,885,800 | |
Solera Holdings, Inc. | 136,018 | 6,947,799 | |
Sonic Foundry, Inc. (a) | 1,071 | 15,797 | |
Sourcefire, Inc. (a)(d) | 54,218 | 1,469,308 | |
SRS Labs, Inc. (a) | 23,248 | 210,162 | |
SS&C Technologies Holdings, Inc. (a) | 42,655 | 835,611 | |
SuccessFactors, Inc. (a)(d) | 141,297 | 5,073,975 | |
Synchronoss Technologies, Inc. (a) | 51,167 | 1,752,981 | |
Synopsys, Inc. (a) | 291,937 | 8,092,494 | |
Take-Two Interactive Software, Inc. (a)(d) | 167,168 | 2,686,390 | |
Taleo Corp. Class A (a)(d) | 78,073 | 2,520,977 | |
TeleCommunication Systems, Inc. | 88,267 | 376,900 | |
TeleNav, Inc. (d) | 39,751 | 446,006 | |
THQ, Inc. (a)(d) | 132,041 | 760,556 | |
TIBCO Software, Inc. (a)(d) | 324,439 | 7,987,688 | |
TiVo, Inc. (a)(d) | 224,865 | 2,311,612 | |
Tyler Technologies, Inc. (a)(d) | 75,793 | 1,676,541 | |
Ultimate Software Group, Inc. (a)(d) | 48,914 | 2,613,964 | |
Vasco Data Security International, Inc. (a) | 64,183 | 575,722 | |
Verint Systems, Inc. (a) | 30,502 | 1,048,659 | |
Versant Corp. (a) | 12,238 | 168,273 | |
VirnetX Holding Corp. (d) | 77,803 | 933,636 | |
VMware, Inc. Class A (a) | 125,531 | 10,500,668 | |
Wave Systems Corp. Class A (a)(d) | 160,361 | 631,822 | |
Websense, Inc. (a)(d) | 77,231 | 1,654,288 | |
| 221,753,630 | ||
TOTAL INFORMATION TECHNOLOGY | 950,166,582 | ||
MATERIALS - 7.1% | |||
Chemicals - 3.5% | |||
A. Schulman, Inc. | 62,282 | 1,386,397 | |
ADA-ES, Inc. (a)(d) | 11,914 | 173,230 | |
Albemarle Corp. | 179,283 | 10,319,529 | |
American Pacific Corp. (a) | 6,762 | 40,707 | |
American Vanguard Corp. (d) | 54,844 | 451,366 | |
Ampal-American Israel Corp. Class A (a) | 4,585 | 9,032 | |
Arch Chemicals, Inc. | 51,074 | 1,836,110 | |
Ashland, Inc. | 139,716 | 7,866,011 | |
Balchem Corp. (d) | 56,947 | 2,050,092 | |
Cabot Corp. | 117,146 | 5,067,736 | |
Calgon Carbon Corp. (a)(d) | 111,093 | 1,559,746 | |
| |||
Shares | Value | ||
Celanese Corp. Class A | 308,752 | $ 12,797,770 | |
Cereplast, Inc. (a)(d) | 9,826 | 48,639 | |
Chase Corp. | 11,674 | 189,586 | |
Chemtura Corp. (a) | 195,000 | 3,172,650 | |
Clean Diesel Technologies, Inc. (a)(d) | 5,427 | 32,074 | |
Converted Organics, Inc. (a)(d) | 92,992 | 34,881 | |
Cytec Industries, Inc. | 95,823 | 5,445,621 | |
Ferro Corp. (a) | 169,611 | 2,700,207 | |
Flotek Industries, Inc. (a)(d) | 60,228 | 391,482 | |
Georgia Gulf Corp. (a) | 65,718 | 2,097,719 | |
H.B. Fuller Co. | 95,139 | 2,050,245 | |
Hawkins, Inc. (d) | 17,707 | 677,647 | |
Huntsman Corp. | 378,787 | 6,685,591 | |
Innophos Holdings, Inc. | 41,962 | 1,797,232 | |
Intrepid Potash, Inc. (a)(d) | 83,313 | 3,215,882 | |
KMG Chemicals, Inc. (d) | 16,501 | 309,724 | |
Koppers Holdings, Inc. | 40,147 | 1,622,340 | |
Kraton Performance Polymers, Inc. (a) | 62,022 | 2,127,355 | |
Kronos Worldwide, Inc. | 19,707 | 975,497 | |
Landec Corp. (a) | 68,409 | 420,715 | |
LSB Industries, Inc. (a)(d) | 34,516 | 1,045,144 | |
Lubrizol Corp. | 133,945 | 14,582,592 | |
LyondellBasell Industries NV Class A (a) | 675,000 | 25,704,000 | |
Material Sciences Corp. (a) | 21,107 | 154,503 | |
Minerals Technologies, Inc. | 38,120 | 2,473,226 | |
Nalco Holding Co. | 253,591 | 6,484,322 | |
Nanophase Technologies Corp. (a)(d) | 5,146 | 7,822 | |
NewMarket Corp. | 20,430 | 2,617,287 | |
NL Industries, Inc. | 13,948 | 190,669 | |
Olin Corp. | 137,622 | 2,561,145 | |
OM Group, Inc. (a) | 60,350 | 2,123,717 | |
OMNOVA Solutions, Inc. (a)(d) | 87,939 | 619,091 | |
Penford Corp. (a) | 22,005 | 130,930 | |
PolyOne Corp. (a)(d) | 167,221 | 2,321,027 | |
Quaker Chemical Corp. | 22,398 | 867,475 | |
Rockwood Holdings, Inc. (a)(d) | 102,545 | 4,773,470 | |
RPM International, Inc. | 252,566 | 5,801,441 | |
Senomyx, Inc. (a)(d) | 79,410 | 575,723 | |
Sensient Technologies Corp. | 96,884 | 3,233,988 | |
Solutia, Inc. (a) | 239,825 | 5,566,338 | |
Spartech Corp. (a) | 67,518 | 572,553 | |
Stepan Co. | 15,545 | 1,091,104 | |
STR Holdings, Inc. (a)(d) | 80,789 | 1,463,089 | |
The Mosaic Co. | 294,905 | 25,317,594 | |
The Scotts Miracle-Gro Co. Class A | 86,904 | 4,881,398 | |
TOR Minerals International, Inc. (a) | 3,831 | 52,561 | |
TPC Group, Inc. (a) | 32,831 | 953,741 | |
Valhi, Inc. (d) | 19,180 | 458,210 | |
Valspar Corp. (d) | 178,864 | 6,800,409 | |
W.R. Grace & Co. (a) | 117,517 | 4,470,347 | |
Westlake Chemical Corp. | 37,464 | 1,791,154 | |
Zagg, Inc. (a)(d) | 55,583 | 501,914 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
Zep, Inc. | 44,069 | $ 691,443 | |
Zoltek Companies, Inc. (a)(d) | 60,096 | 878,604 | |
| 209,310,844 | ||
Construction Materials - 0.3% | |||
Eagle Materials, Inc. | 85,767 | 2,771,989 | |
Headwaters, Inc. (a) | 123,195 | 624,599 | |
Martin Marietta Materials, Inc. | 90,000 | 7,997,400 | |
Texas Industries, Inc. (d) | 46,919 | 1,913,357 | |
U.S. Concrete, Inc. (a) | 24,099 | 240,990 | |
United States Lime & Minerals, Inc. (a)(d) | 5,589 | 225,460 | |
| 13,773,795 | ||
Containers & Packaging - 1.0% | |||
AEP Industries, Inc. (a) | 12,874 | 361,502 | |
Aptargroup, Inc. | 124,984 | 6,020,479 | |
Boise, Inc. (d) | 162,605 | 1,460,193 | |
Crown Holdings, Inc. (a) | 318,137 | 12,241,912 | |
Graham Packaging Co., Inc. | 41,381 | 703,063 | |
Graphic Packaging Holding Co. (a) | 164,275 | 854,230 | |
Greif, Inc. Class A | 67,406 | 4,358,472 | |
MOD-PAC Corp. (sub. vtg.) (a) | 1,684 | 9,464 | |
Myers Industries, Inc. | 60,395 | 611,197 | |
Packaging Corp. of America | 199,049 | 5,730,621 | |
Rock-Tenn Co. Class A (d) | 75,205 | 5,162,823 | |
Silgan Holdings, Inc. | 101,420 | 3,699,802 | |
Smurfit-Stone Container Enterprises, Inc. (a) | 177,212 | 6,812,029 | |
Sonoco Products Co. | 194,219 | 7,007,422 | |
Temple-Inland, Inc. | 208,391 | 4,874,265 | |
UFP Technologies, Inc. (a) | 15,346 | 276,995 | |
| 60,184,469 | ||
Metals & Mining - 1.9% | |||
A.M. Castle & Co. (a) | 38,879 | 670,274 | |
Allied Nevada Gold Corp. (a)(d) | 158,120 | 4,797,361 | |
Amcol International Corp. | 53,465 | 1,668,643 | |
Brush Engineered Materials, Inc. (a) | 39,160 | 1,714,033 | |
Capital Gold Corp. (a)(d) | 134,599 | 732,219 | |
Carpenter Technology Corp. | 85,356 | 3,549,102 | |
Century Aluminum Co. (a) | 112,628 | 1,909,045 | |
Coeur d'Alene Mines Corp. (a)(d) | 171,242 | 5,395,835 | |
Commercial Metals Co. | 221,037 | 3,684,687 | |
Compass Minerals International, Inc. | 64,308 | 6,010,869 | |
Friedman Industries | 7,344 | 74,909 | |
General Moly, Inc. (a) | 109,146 | 571,925 | |
Globe Specialty Metals, Inc. | 102,299 | 2,382,544 | |
Golden Minerals Co. (a) | 23,138 | 487,055 | |
Handy & Harman Ltd. (a) | 8,088 | 96,652 | |
Haynes International, Inc. | 24,351 | 1,262,356 | |
Hecla Mining Co. (a)(d) | 500,729 | 5,082,399 | |
Horsehead Holding Corp. (a) | 87,084 | 1,440,369 | |
| |||
Shares | Value | ||
Kaiser Aluminum Corp. (d) | 30,488 | $ 1,540,559 | |
Metalline Mining Co. (a)(d) | 104,643 | 116,154 | |
Metals USA Holdings Corp. (a) | 23,801 | 355,825 | |
Mines Management, Inc. (a)(d) | 26,815 | 93,316 | |
Molycorp, Inc. (d) | 108,000 | 5,182,920 | |
Noranda Aluminium Holding Corp. (a) | 46,669 | 735,970 | |
Olympic Steel, Inc. (d) | 20,461 | 550,196 | |
Reliance Steel & Aluminum Co. | 146,393 | 8,099,925 | |
Royal Gold, Inc. (d) | 104,381 | 5,179,385 | |
RTI International Metals, Inc. (a)(d) | 58,858 | 1,677,453 | |
Schnitzer Steel Industries, Inc. Class A | 43,626 | 2,800,789 | |
Solitario Exploration & Royalty Corp. (a) | 1,240 | 4,890 | |
Southern Copper Corp. | 416,863 | 17,641,642 | |
Steel Dynamics, Inc. | 425,202 | 7,849,229 | |
Stillwater Mining Co. (a) | 91,289 | 2,179,068 | |
Synalloy Corp. | 8,627 | 122,935 | |
Timberline Resources Corp. (a)(d) | 68,005 | 72,765 | |
Universal Stainless & Alloy Products, Inc. (a) | 14,191 | 490,299 | |
US Energy Corp. (a) | 57,440 | 367,042 | |
US Gold Corp. (a)(d) | 200,916 | 1,458,650 | |
Vista Gold Corp. (a)(d) | 128,163 | 413,967 | |
Walter Energy, Inc. | 104,452 | 12,639,737 | |
Worthington Industries, Inc. (d) | 118,497 | 2,294,102 | |
| 113,397,095 | ||
Paper & Forest Products - 0.4% | |||
AbitibiBowater, Inc. (a) | 142,327 | 3,983,733 | |
Buckeye Technologies, Inc. | 78,712 | 2,062,254 | |
Clearwater Paper Corp. (a) | 26,145 | 2,073,299 | |
Deltic Timber Corp. | 22,505 | 1,367,629 | |
Domtar Corp. | 82,988 | 7,253,151 | |
Glatfelter | 94,725 | 1,166,065 | |
Kapstone Paper & Packaging Corp. (a) | 81,975 | 1,405,871 | |
Louisiana-Pacific Corp. (a)(d) | 246,127 | 2,540,031 | |
Neenah Paper, Inc. | 32,380 | 630,439 | |
Schweitzer-Mauduit International, Inc. | 36,028 | 1,975,415 | |
Verso Paper Corp. (a)(d) | 31,277 | 185,160 | |
Wausau-Mosinee Paper Corp. | 98,528 | 791,180 | |
| 25,434,227 | ||
TOTAL MATERIALS | 422,100,430 | ||
TELECOMMUNICATION SERVICES - 1.5% | |||
Diversified Telecommunication Services - 0.5% | |||
8x8, Inc. (a)(d) | 189,155 | 514,502 | |
AboveNet, Inc. | 43,252 | 2,806,622 | |
Alaska Communication Systems Group, Inc. (d) | 96,851 | 986,912 | |
Allegiance Telecom, Inc. (a) | 15,750 | 0 | |
Arbinet-thexchange, Inc. (a) | 10,198 | 87,601 | |
Atlantic Tele-Network, Inc. | 18,857 | 735,234 | |
Cbeyond, Inc. (a)(d) | 61,567 | 860,707 | |
Cincinnati Bell, Inc. New (a) | 406,578 | 1,073,366 | |
Cogent Communications Group, Inc. (a) | 89,567 | 1,320,218 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Diversified Telecommunication Services - continued | |||
Consolidated Communications Holdings, Inc. | 59,503 | $ 1,088,310 | |
FairPoint Communications, Inc. (a)(d) | 43,522 | 1,001,006 | |
General Communications, Inc. | 82,347 | 995,575 | |
Global Crossing Ltd. (a) | 57,060 | 898,695 | |
Globalstar, Inc. (a)(d) | 162,333 | 214,280 | |
HickoryTech Corp. | 31,846 | 325,148 | |
Hughes Communications, Inc. (a) | 17,920 | 1,073,408 | |
IDT Corp. Class B | 36,110 | 939,943 | |
inContact, Inc. (a)(d) | 23,751 | 75,291 | |
Iridium Communications, Inc. (a) | 84,519 | 794,479 | |
Level 3 Communications, Inc. (a)(d) | 3,229,014 | 4,520,620 | |
Neutral Tandem, Inc. (a)(d) | 64,656 | 1,112,083 | |
PAETEC Holding Corp. (a) | 252,722 | 960,344 | |
Premiere Global Services, Inc. (a) | 109,608 | 735,470 | |
SureWest Communications (a) | 34,972 | 455,335 | |
Towerstream Corp. (a) | 60,621 | 263,701 | |
tw telecom, inc. (a)(d) | 295,824 | 5,502,326 | |
Vonage Holdings Corp. (a) | 263,134 | 1,163,052 | |
Warwick Valley Telephone Co. | 5,739 | 85,167 | |
| 30,589,395 | ||
Wireless Telecommunication Services - 1.0% | |||
Clearwire Corp. Class A (a)(d) | 222,323 | 1,118,285 | |
Crown Castle International Corp. (a) | 488,840 | 20,604,606 | |
FiberTower Corp. (a) | 71,176 | 236,304 | |
ICO Global Communications Holdings Ltd. Class A (a)(d) | 256,404 | 587,165 | |
Leap Wireless International, Inc. (a) | 123,607 | 1,510,478 | |
NII Holdings, Inc. (a) | 325,228 | 13,321,339 | |
NTELOS Holdings Corp. | 56,188 | 1,091,171 | |
SBA Communications Corp. | 225,843 | 9,505,732 | |
Shenandoah Telecommunications Co. | 43,787 | 766,273 | |
Telephone & Data Systems, Inc. | 182,891 | 6,154,282 | |
U.S. Cellular Corp. (a) | 31,765 | 1,587,615 | |
USA Mobility, Inc. | 51,581 | 769,589 | |
| 57,252,839 | ||
TOTAL TELECOMMUNICATION SERVICES | 87,842,234 | ||
UTILITIES - 3.7% | |||
Electric Utilities - 1.1% | |||
Allete, Inc. | 60,317 | 2,279,983 | |
Central Vermont Public Service Corp. | 30,326 | 644,731 | |
Cleco Corp. | 125,943 | 4,074,256 | |
DPL, Inc. | 226,075 | 5,882,472 | |
El Paso Electric Co. (a) | 93,005 | 2,613,441 | |
Empire District Electric Co. (d) | 85,597 | 1,851,463 | |
Great Plains Energy, Inc. | 265,261 | 5,093,011 | |
Hawaiian Electric Industries, Inc. (d) | 180,137 | 4,350,309 | |
| |||
Shares | Value | ||
IDACORP, Inc. | 95,656 | $ 3,610,057 | |
ITC Holdings Corp. | 97,643 | 6,693,428 | |
MGE Energy, Inc. | 50,748 | 2,079,146 | |
NV Energy, Inc. | 453,821 | 6,666,630 | |
Otter Tail Corp. | 65,509 | 1,475,263 | |
PNM Resources, Inc. | 163,667 | 2,178,408 | |
Portland General Electric Co. | 148,521 | 3,478,362 | |
UIL Holdings Corp. | 92,360 | 2,839,146 | |
Unisource Energy Corp. | 71,161 | 2,594,530 | |
Unitil Corp. | 33,222 | 757,794 | |
Westar Energy, Inc. (d) | 212,685 | 5,529,810 | |
| 64,692,240 | ||
Gas Utilities - 1.1% | |||
AGL Resources, Inc. | 150,177 | 5,708,228 | |
Atmos Energy Corp. | 176,303 | 5,962,567 | |
Chesapeake Utilities Corp. | 22,726 | 928,130 | |
Delta Natural Gas Co., Inc. | 2,782 | 86,131 | |
Energen Corp. | 141,919 | 8,671,251 | |
Gas Natural, Inc. | 1,690 | 18,556 | |
Laclede Group, Inc. | 48,520 | 1,886,943 | |
National Fuel Gas Co. | 136,632 | 9,960,473 | |
New Jersey Resources Corp. | 80,618 | 3,372,251 | |
Northwest Natural Gas Co. | 53,887 | 2,532,689 | |
Piedmont Natural Gas Co., Inc. (d) | 128,736 | 3,771,965 | |
Questar Corp. | 344,705 | 6,159,878 | |
South Jersey Industries, Inc. | 60,033 | 3,293,410 | |
Southwest Gas Corp. | 91,434 | 3,554,040 | |
UGI Corp. | 211,199 | 6,735,136 | |
WGL Holdings, Inc. (d) | 99,577 | 3,783,926 | |
| 66,425,574 | ||
Independent Power Producers & Energy Traders - 0.4% | |||
American DG Energy, Inc. (a)(d) | 5,053 | 11,470 | |
Black Hills Corp. | 77,876 | 2,400,138 | |
Calpine Corp. (a)(d) | 688,685 | 10,419,804 | |
Dynegy, Inc. (a) | 210,080 | 1,216,363 | |
GenOn Energy, Inc. (a) | 1,519,466 | 6,153,837 | |
Ormat Technologies, Inc. | 37,382 | 936,419 | |
Synthesis Energy Systems, Inc. (a) | 35,327 | 36,740 | |
US Geothermal, Inc. (a)(d) | 136,624 | 139,357 | |
| 21,314,128 | ||
Multi-Utilities - 0.7% | |||
Alliant Energy Corp. | 214,421 | 8,443,899 | |
Avista Corp. | 113,848 | 2,541,087 | |
CH Energy Group, Inc. | 33,789 | 1,657,688 | |
MDU Resources Group, Inc. | 341,682 | 7,335,913 | |
NorthWestern Energy Corp. | 71,687 | 2,129,821 | |
NSTAR | 200,137 | 9,036,186 | |
OGE Energy Corp. | 188,551 | 9,069,303 | |
Vectren Corp. | 157,231 | 4,138,320 | |
| 44,352,217 | ||
Water Utilities - 0.4% | |||
American States Water Co. | 47,115 | 1,580,237 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
American Water Works Co., Inc. | 345,540 | $ 9,585,280 | |
Aqua America, Inc. (d) | 260,328 | 5,862,587 | |
Artesian Resources Corp. Class A | 10,416 | 203,529 | |
Cadiz, Inc. (a)(d) | 29,110 | 372,608 | |
California Water Service Group | 46,657 | 1,646,059 | |
Connecticut Water Service, Inc. | 17,922 | 456,832 | |
Middlesex Water Co. | 46,243 | 867,981 | |
Pennichuck Corp. | 856 | 24,071 | |
Pure Cycle Corp. (a) | 23,077 | 92,770 | |
SJW Corp. | 29,113 | 722,585 | |
York Water Co. | 22,689 | 385,032 | |
| 21,799,571 | ||
TOTAL UTILITIES | 218,583,730 | ||
TOTAL COMMON STOCKS (Cost $4,859,497,600) | 5,874,572,217 | ||
Nonconvertible Bonds - 0.0% | ||||
| Principal Amount |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $37,354) | $ 37,300 | 23,967 | ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.16% to 0.21% 6/9/11 to 7/28/11 (e) | 8,000,000 | 7,995,530 | ||
Money Market Funds - 21.7% | |||
Shares | Value | ||
Fidelity Cash Central Fund, 0.19% (b) | 55,576,033 | $ 55,576,033 | |
Fidelity Securities Lending Cash Central Fund, 0.21% (b)(c) | 1,238,072,221 | 1,238,072,221 | |
TOTAL MONEY MARKET FUNDS (Cost $1,293,648,254) | 1,293,648,254 | ||
TOTAL INVESTMENT PORTFOLIO - 120.3% (Cost $6,161,177,247) | 7,176,239,968 | ||
NET OTHER ASSETS (LIABILITIES) - (20.3)% | (1,210,052,543) | ||
NET ASSETS - 100% | $ 5,966,187,425 | ||
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/(Depreciation) | |||
Purchased | |||||
Equity Index Contracts | |||||
376 CME E-mini S&P Midcap 400 Index Contracts | March 2011 | $ 36,317,840 | $ 1,918,590 | ||
663 NYFE Russell Mini Index Contracts | March 2011 | 54,558,270 | 2,675,989 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 90,876,110 | $ 4,594,579 | |||
The face value of futures purchased as a percentage of net assets is 1.5% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $5,796,868. |
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 | $ 114,341 |
Fidelity Securities Lending Cash Central Fund | 6,505,902 |
Total | $ 6,620,243 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2011, 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 Security 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 | $ 883,379,884 | $ 883,159,315 | $ - | $ 220,569 |
Consumer Staples | 187,471,655 | 187,471,655 | - | - |
Energy | 447,562,132 | 447,562,130 | - | 2 |
Financials | 1,203,109,921 | 1,203,109,234 | 687 | - |
Health Care | 658,977,473 | 658,976,690 | - | 783 |
Industrials | 815,378,176 | 815,378,176 | - | - |
Information Technology | 950,166,582 | 950,165,687 | - | 895 |
Materials | 422,100,430 | 422,100,430 | - | - |
Telecommunication Services | 87,842,234 | 87,842,234 | - | - |
Utilities | 218,583,730 | 218,583,730 | - | - |
Corporate Bonds | 23,967 | - | 23,967 | - |
U.S. Government and Government Agency Obligations | 7,995,530 | - | 7,995,530 | - |
Money Market Funds | 1,293,648,254 | 1,293,648,254 | - | - |
Total Investments in Securities: | $ 7,176,239,968 | $ 7,167,997,535 | $ 8,020,184 | $ 222,249 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 4,594,579 | $ 4,594,579 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 23,403 |
Total Realized Gain (Loss) | 1,450,712 |
Total Unrealized Gain (Loss) | (1,048,970) |
Cost of Purchases | 1,450,158 |
Proceeds of Sales | (5,870,005) |
Amortization/Accretion | - |
Transfers in to Level 3 | 4,238,752 |
Transfers out of Level 3 | (21,801) |
Ending Balance | $ 222,249 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 28, 2011 | $ (1,448,905) |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by risk exposure as of February 28, 2011. 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) | $ 4,594,579 | $ - |
Total Value of Derivatives | $ 4,594,579 | $ - |
(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, 2011 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,204,775,457) - See accompanying schedule: Unaffiliated issuers (cost $4,867,528,993) | $ 5,882,591,714 |
|
Fidelity Central Funds (cost $1,293,648,254) | 1,293,648,254 |
|
Total Investments (cost $6,161,177,247) |
| $ 7,176,239,968 |
Receivable for investments sold | 23,572,658 | |
Receivable for fund shares sold | 14,666,254 | |
Dividends receivable | 3,676,817 | |
Distributions receivable from Fidelity Central Funds | 539,602 | |
Receivable for daily variation on futures contracts | 184,021 | |
Other receivables | 32,629 | |
Total assets | 7,218,911,949 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 2,346,950 | |
Payable for fund shares redeemed | 11,854,049 | |
Accrued management fee | 341,860 | |
Other affiliated payables | 109,444 | |
Collateral on securities loaned, at value | 1,238,072,221 | |
Total liabilities | 1,252,724,524 | |
|
|
|
Net Assets | $ 5,966,187,425 | |
Net Assets consist of: |
| |
Paid in capital | $ 4,890,802,243 | |
Undistributed net investment income | 8,373,367 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | 47,353,760 | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,019,658,055 | |
Net Assets | $ 5,966,187,425 | |
|
|
|
Investor Class: Net Asset Value, offering price and redemption price per share ($4,440,988,293 ÷ 110,050,347 shares) | $ 40.35 | |
|
|
|
Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($1,525,199,132 ÷ 37,792,996 shares) | $ 40.36 | |
Statement of Operations
| Year ended February 28, 2011 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 52,976,825 |
Interest |
| 42,984 |
Income from Fidelity Central Funds (including $6,505,902 from security lending) |
| 6,620,243 |
Total income |
| 59,640,052 |
|
|
|
Expenses | ||
Management fee | $ 3,123,632 | |
Transfer agent fees | 1,000,295 | |
Independent trustees' compensation | 23,525 | |
Miscellaneous | 15,482 | |
Total expenses before reductions | 4,162,934 | |
Expense reductions | (543) | 4,162,391 |
Net investment income (loss) | 55,477,661 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 78,192,563 | |
Foreign currency transactions | (1,004) | |
Futures contracts | 14,396,775 | |
Total net realized gain (loss) |
| 92,588,334 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 1,160,492,917 | |
Assets and liabilities in foreign currencies | 665 | |
Futures contracts | 947,938 | |
Total change in net unrealized appreciation (depreciation) |
| 1,161,441,520 |
Net gain (loss) | 1,254,029,854 | |
Net increase (decrease) in net assets resulting from operations | $ 1,309,507,515 | |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 55,477,661 | $ 39,951,618 |
Net realized gain (loss) | 92,588,334 | 68,425,401 |
Change in net unrealized appreciation (depreciation) | 1,161,441,520 | 1,259,689,541 |
Net increase (decrease) in net assets resulting from operations | 1,309,507,515 | 1,368,066,560 |
Distributions to shareholders from net investment income | (48,199,592) | (39,060,321) |
Distributions to shareholders from net realized gain | (63,624,500) | (6,106,962) |
Total distributions | (111,824,092) | (45,167,283) |
Share transactions - net increase (decrease) | 1,175,386,586 | 343,943,548 |
Redemption fees | 553,321 | 510,919 |
Total increase (decrease) in net assets | 2,373,623,330 | 1,667,353,744 |
|
|
|
Net Assets | ||
Beginning of period | 3,592,564,095 | 1,925,210,351 |
End of period (including undistributed net investment income of $8,373,367 and undistributed net investment income of $978,075, respectively) | $ 5,966,187,425 | $ 3,592,564,095 |
Financial Highlights - Investor Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.63 | $ 36.65 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .43 | .36 | .50 | .56 | .51 |
Net realized and unrealized gain (loss) | 9.71 | 12.40 | (15.73) | (2.73) | 3.98 |
Total from investment operations | 10.14 | 12.76 | (15.23) | (2.17) | 4.49 |
Distributions from net investment income | (.36) | (.35) | (.43) | (.46) | (.44) |
Distributions from net realized gain | (.51) | (.06) | (.76) | (1.85) | (1.07) |
Total distributions | (.87) | (.41) H | (1.19) | (2.31) | (1.51) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.63 |
Total Return A | 32.95% | 68.20% | (44.26)% | (6.02)% | 12.46% |
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% | .09% | .09% |
Net investment income (loss) | 1.24% | 1.35% | 1.71% | 1.41% | 1.36% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 4,440,988 | $ 2,692,346 | $ 1,446,984 | $ 2,162,049 | $ 2,082,399 |
Portfolio turnover rate D | 8% | 26% | 16% | 17% | 16% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.64 | $ 36.66 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .44 | .37 | .52 | .57 | .52 |
Net realized and unrealized gain (loss) | 9.72 | 12.39 | (15.74) | (2.74) | 3.98 |
Total from investment operations | 10.16 | 12.76 | (15.22) | (2.17) | 4.50 |
Distributions from net investment income | (.37) | (.36) | (.44) | (.47) | (.45) |
Distributions from net realized gain | (.51) | (.06) | (.76) | (1.85) | (1.07) |
Total distributions | (.88) | (.41) H | (1.20) | (2.32) | (1.52) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.64 |
Total Return A | 33.02% | 68.25% | (44.25)% | (6.01)% | 12.49% |
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) | 1.27% | 1.38% | 1.74% | 1.44% | 1.39% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 1,525,199 | $ 900,218 | $ 478,227 | $ 925,331 | $ 951,498 |
Portfolio turnover rate D | 8% | 26% | 16% | 17% | 16% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
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, 2011 | Past 1 | Past 5 | Past 10 |
Spartan International Index Fund - Investor Class | 20.34% | 2.66% | 4.83% |
Spartan International Index Fund - Fidelity Advantage Class A | 20.38% | 2.69% | 4.85% |
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, 2001. The chart shows how the value of your investment would have changed, and also shows how the MSCI® EAFE® (Europe, Australasia and Far East) Index performed over the same period.
Annual Report
Spartan International Index Fund
Management's Discussion of Fund Performance
Market Recap: International equities delivered strong performance for the 12-month period ending February 28, 2011, after overcoming a precipitous decline early in the period due to concern about sovereign debt problems in Europe. Investor sentiment brightened substantially in the latter half, when signs of economic growth and subsiding debt fears helped propel stocks forward. For the full 12 months, the MSCI® EAFE® (Europe, Australasia, Far East) Index gained 20.16%, boosted in part by a falling U.S. dollar. The roughly 22% return for Europe was marginally ahead of the index, led by Sweden (+39%), Denmark (+38%), Germany (+32%) and the United Kingdom (+24%). Large European index components that underperformed included Switzerland and France, both returning around 18%. Concern regarding sovereign debt issues lingered into the latter part of 2010, as evident in the negative returns of debt-burdened Greece (-21%) and Ireland (-2%), both small index components. Italy and Spain, which also struggled with debt, fared better but still underperformed, gaining about 14% and 10%, respectively. Countries in the Asia-Pacific region rose by 20%. Hong Kong (+24%) and Australia (+22%) had the highest returns, while the roughly 17% advance of Japan trailed the MSCI® EAFE®, despite the positive impact of a weakening U.S. dollar relative to the Japanese yen.
Comments from Patrick Waddell, member of the Geode Capital Management, LLC, investment management team for Spartan® International Index Fund: For the 12 months, the fund's Investor Class and Fidelity Advantage Class shares returned 20.34% and 20.38%, respectively, compared with 20.16% for the MSCI EAFE. (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.) Out of the 10 economic sectors in the index, all had a positive return in U.S. dollar terms, and only two - health care and utilities - had gains falling short of double digits. Consumer discretionary, led by automobiles/components, did the best, earning a 32% return in U.S. dollar terms. Materials stocks rose about 30%, while industrials, telecommunication services and energy rose 29%, 24% and 23%, respectively. Financials, about one-quarter of the index and its largest weighting, gained more than 16%. On a country basis, Japan and the U.K., which together make up more than 40% of the index, returned about 17% and 24%, respectively. Two countries with widely reported debt problems, Greece and Ireland, generated disappointing returns of -21% and -2%, respectively. On an individual-stock basis, Siemens, a German electronics and electrical engineering firm, was the fund's top contributor. Its stock rose steadily throughout the period, thanks to good earnings growth on healthy demand, especially from emerging markets. U.K. wireless communication service company Vodafone Group enjoyed good share-price growth, as did BHP Billiton and Rio Tinto, two large mining companies listed in the U.K. Energy company Royal Dutch Shell, whose headquarters are in the Netherlands, benefited from rising oil prices. Other healthy performers included Swiss food company Nestle; Germany's BASF, the largest chemical maker in the world; and several automakers, including Japan's Toyota and Germany's Daimler. In contrast, the biggest detractor was Finnish mobile phone maker Nokia, whose shares dramatically declined in the first half of the year on weaker-than-expected profits and rising competition from smartphone makers. Energy company BP, which was at the center of the Gulf of Mexico oil disaster last spring, saw a big share-price drop between late April and June, although its shares began drifting upward as energy stocks enjoyed a more profitable environment. Other stocks with disappointing performance included Swiss pharmaceuticals maker Roche Holding, German utility RWE and National Bank of Greece.
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, 2011 | ||
| % of fund's | % of fund's net assets |
Nestle SA (Switzerland, Food Products) | 1.6 | 1.9 |
HSBC Holdings PLC (United Kingdom) (United Kingdom, Commercial Banks) | 1.6 | 1.8 |
BHP Billiton Ltd. (Australia, Metals & Mining) | 1.3 | 1.2 |
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) | 1.3 | 1.1 |
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services) | 1.2 | 1.3 |
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) | 1.1 | 1.0 |
Total SA (France, Oil, Gas & Consumable Fuels) | 1.1 | 1.0 |
Toyota Motor Corp. (Japan, Automobiles) | 1.1 | 1.0 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.0 | 1.2 |
Siemens AG (Germany, Industrial Conglomerates) | 0.9 | 0.8 |
| 12.2 | |
Market Sectors as of February 28, 2011 | ||
| % of fund's | % of fund's net assets |
Financials | 23.5 | 24.5 |
Industrials | 12.8 | 12.2 |
Materials | 11.0 | 9.7 |
Consumer Discretionary | 9.8 | 9.7 |
Consumer Staples | 9.5 | 10.7 |
Energy | 8.0 | 7.1 |
Health Care | 7.5 | 8.3 |
Telecommunication Services | 5.4 | 5.9 |
Utilities | 5.2 | 5.7 |
Information Technology | 4.8 | 4.8 |
Geographic Diversification (% of fund's net assets) | |||
As of February 28, 2011 | |||
 | Japan | 22.1% |
|
 | United Kingdom | 20.8% |
|
 | France | 9.3% |
|
 | Australia | 8.5% |
|
 | Germany | 8.2% |
|
 | Switzerland | 7.6% |
|
 | Spain | 3.5% |
|
 | Sweden | 3.1% |
|
 | Italy | 2.7% |
|
 | Other | 14.2% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
As of August 31, 2010 | |||
| Japan | 22.4% |
|
| United Kingdom | 21.1% |
|
| France | 9.1% |
|
| Australia | 8.3% |
|
| Switzerland | 8.0% |
|
| Germany | 7.4% |
|
| Spain | 3.7% |
|
| Sweden | 2.8% |
|
| Netherlands | 2.7% |
|
| Other | 14.5% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan International Index Fund
Investments February 28, 2011
Showing Percentage of Net Assets
Common Stocks - 96.8% | |||
Shares | Value | ||
Australia - 8.2% | |||
AGL Energy Ltd. | 385,907 | $ 5,725,627 | |
Alumina Ltd. | 2,054,253 | 5,033,177 | |
Amcor Ltd. | 1,034,952 | 7,336,734 | |
AMP Ltd. (d) | 1,728,974 | 9,386,597 | |
Asciano Ltd. unit | 2,360,470 | 4,228,442 | |
ASX Ltd. | 148,135 | 5,519,892 | |
Australia & New Zealand Banking Group Ltd. | 2,163,806 | 53,484,497 | |
AXA Asia Pacific Holdings Ltd. | 840,808 | 5,441,811 | |
Bendigo & Adelaide Bank Ltd. | 287,844 | 2,754,334 | |
BHP Billiton Ltd. | 2,775,652 | 131,174,088 | |
Billabong International Ltd. | 173,768 | 1,507,242 | |
BlueScope Steel Ltd. | 1,458,654 | 3,126,363 | |
Boral Ltd. | 566,862 | 3,189,856 | |
Brambles Ltd. | 1,229,977 | 8,928,525 | |
Caltex Australia Ltd. | 117,846 | 1,913,291 | |
CFS Retail Property Trust | 1,749,561 | 3,361,401 | |
Coca-Cola Amatil Ltd. | 476,854 | 5,769,204 | |
Cochlear Ltd. | 45,292 | 3,578,255 | |
Commonwealth Bank of Australia | 1,279,164 | 69,539,027 | |
Computershare Ltd. | 357,616 | 3,512,257 | |
Crown Ltd. | 391,215 | 3,340,755 | |
CSL Ltd. | 479,431 | 17,418,349 | |
CSR Ltd. | 415,075 | 1,478,177 | |
DEXUS Property Group unit | 4,236,510 | 3,706,544 | |
Fortescue Metals Group Ltd. | 1,114,293 | 7,605,485 | |
Fosters Group Ltd. | 1,597,201 | 9,311,830 | |
Goodman Fielder Ltd. | 1,200,514 | 1,528,767 | |
Goodman Group unit | 5,158,120 | 3,697,202 | |
Harvey Norman Holdings Ltd. | 468,565 | 1,457,019 | |
Incitec Pivot Ltd. | 1,475,813 | 6,659,399 | |
Insurance Australia Group Ltd. | 1,677,113 | 6,244,742 | |
John Fairfax Holdings Ltd. (d) | 1,649,382 | 2,205,108 | |
Leighton Holdings Ltd. | 122,182 | 3,875,109 | |
Lend Lease Group unit | 446,456 | 4,168,481 | |
MacArthur Coal Ltd. | 145,281 | 1,757,124 | |
Macquarie Group Ltd. | 283,987 | 11,040,043 | |
MAp Group unit | 380,428 | 1,204,559 | |
Metcash Ltd. | 654,922 | 2,713,089 | |
Mirvac Group unit | 2,668,387 | 3,549,503 | |
National Australia Bank Ltd. | 1,750,784 | 46,293,342 | |
Newcrest Mining Ltd. | 632,389 | 24,444,407 | |
OneSteel Ltd. | 1,029,440 | 2,854,928 | |
Orica Ltd. | 299,295 | 7,911,973 | |
Origin Energy Ltd. | 723,348 | 12,376,362 | |
OZ Minerals Ltd. | 2,647,281 | 4,404,927 | |
Paladin Energy Ltd. (a) | 574,118 | 2,914,110 | |
Qantas Airways Ltd. (a) | 940,551 | 2,253,722 | |
QBE Insurance Group Ltd. | 845,309 | 15,661,268 | |
QR National Ltd. | 1,350,000 | 4,434,649 | |
Ramsay Health Care Ltd. | 90,000 | 1,631,813 | |
Rio Tinto Ltd. | 359,870 | 31,425,384 | |
| |||
Shares | Value | ||
Santos Ltd. | 718,748 | $ 10,556,857 | |
Sims Metal Management Ltd. | 135,179 | 2,603,130 | |
Sonic Healthcare Ltd. | 299,015 | 3,447,493 | |
SP AusNet unit | 1,123,624 | 999,617 | |
Stockland Corp. Ltd. unit | 2,005,259 | 7,803,564 | |
Suncorp-Metway Ltd. | 1,034,383 | 8,880,630 | |
Tabcorp Holdings Ltd. | 562,428 | 4,369,864 | |
Tattersall's Ltd. | 1,141,875 | 2,834,245 | |
Telstra Corp. Ltd. | 3,565,960 | 10,154,920 | |
The GPT Group unit | 1,528,512 | 4,855,342 | |
Toll Holdings Ltd. | 530,229 | 3,261,069 | |
Transurban Group unit | 1,101,857 | 6,012,400 | |
Wesfarmers Ltd. | 837,049 | 28,357,158 | |
Wesfarmers Ltd. (price protected shares) | 120,547 | 4,136,728 | |
Westfield Group unit | 1,834,363 | 18,290,665 | |
Westfield Retail Trust unit | 2,368,018 | 6,470,186 | |
Westpac Banking Corp. | 2,479,601 | 59,852,055 | |
Woodside Petroleum Ltd. | 506,388 | 22,084,878 | |
Woolworths Ltd. | 1,030,355 | 28,270,247 | |
Worleyparsons Ltd. | 153,184 | 4,738,376 | |
TOTAL AUSTRALIA | 822,058,214 | ||
Austria - 0.3% | |||
Erste Bank AG | 155,524 | 8,209,334 | |
IMMOEAST AG (a)(d) | 321,410 | 4 | |
IMMOFINANZ Immobilien Anlagen AG (a)(d) | 871,215 | 3,847,285 | |
IMMOFINANZ Immobilien Anlagen AG rights 3/2/11 (a) | 871,215 | 12 | |
OMV AG | 125,716 | 5,343,433 | |
Osterreichische Elektrizitatswirtschafts AG (d) | 61,559 | 2,354,853 | |
Raiffeisen International Bank-Holding AG (d) | 45,886 | 2,754,537 | |
Telekom Austria AG | 288,781 | 4,124,659 | |
Vienna Insurance Group AG Wien | 30,268 | 1,738,252 | |
Voestalpine AG | 98,327 | 4,542,265 | |
TOTAL AUSTRIA | 32,914,634 | ||
Bailiwick of Guernsey - 0.1% | |||
Resolution Ltd. | 1,201,121 | 5,647,621 | |
Bailiwick of Jersey - 0.5% | |||
Experian PLC | 826,591 | 10,482,521 | |
Petrofac Ltd. | 210,533 | 4,768,170 | |
Randgold Resources Ltd. | 74,252 | 6,013,816 | |
Shire PLC | 461,088 | 13,059,776 | |
WPP PLC | 1,040,015 | 14,314,852 | |
TOTAL BAILIWICK OF JERSEY | 48,639,135 | ||
Belgium - 0.9% | |||
Ageas | 1,816,088 | 5,764,263 | |
Anheuser-Busch InBev SA NV | 600,118 | 33,516,480 | |
Bekaert SA | 30,000 | 3,252,798 | |
Belgacom SA | 126,770 | 4,754,065 | |
Colruyt NV | 61,760 | 3,104,459 | |
Common Stocks - continued | |||
Shares | Value | ||
Belgium - continued | |||
Compagnie Nationale A Portefeuille (CNP) | 28,840 | $ 1,616,644 | |
Delhaize Group SA | 83,044 | 6,423,370 | |
Dexia SA | 483,829 | 2,111,885 | |
Groupe Bruxelles Lambert SA | 65,653 | 6,034,036 | |
Groupe Bruxelles Lambert SA (strip VVPR) | 2,466 | 24 | |
KBC Groupe SA (a) | 141,098 | 5,899,872 | |
Mobistar SA | 25,037 | 1,599,714 | |
Solvay SA Class A | 49,188 | 5,769,752 | |
UCB SA | 84,641 | 3,146,715 | |
Umicore SA | 91,030 | 4,585,809 | |
TOTAL BELGIUM | 87,579,886 | ||
Bermuda - 0.3% | |||
Cheung Kong Infrastructure Holdings | 359,450 | 1,772,327 | |
Li & Fung Ltd. | 2,333,623 | 14,203,098 | |
Noble Group Ltd. | 2,494,890 | 4,021,485 | |
NWS Holdings Ltd. | 980,704 | 1,526,211 | |
Orient Overseas International Ltd. | 183,400 | 1,476,525 | |
Seadrill Ltd. (d) | 238,200 | 9,078,256 | |
Yue Yuen Industrial (Holdings) Ltd. | 628,000 | 1,975,604 | |
TOTAL BERMUDA | 34,053,506 | ||
Cayman Islands - 0.1% | |||
Foxconn International Holdings Ltd. (a) | 1,913,000 | 1,353,445 | |
Sands China Ltd. (a) | 2,100,000 | 4,988,444 | |
Wynn Macau Ltd. | 1,345,200 | 3,644,545 | |
TOTAL CAYMAN ISLANDS | 9,986,434 | ||
Cyprus - 0.0% | |||
Bank of Cyprus Public Co. Ltd. | 708,168 | 2,736,361 | |
Denmark - 1.0% | |||
A.P. Moller - Maersk AS: | |||
Series A | 488 | 4,706,248 | |
Series B | 1,096 | 10,884,226 | |
Carlsberg AS Series B | 92,392 | 9,833,758 | |
Coloplast AS Series B | 18,510 | 2,607,404 | |
Danske Bank AS (a) | 379,443 | 8,913,032 | |
DSV de Sammensluttede Vognmaend AS | 193,406 | 4,471,463 | |
Novo Nordisk AS Series B | 347,874 | 43,852,116 | |
Novozymes AS Series B | 39,047 | 5,460,588 | |
Pandora A/S | 46,900 | 2,734,643 | |
Tryg AS | 23,050 | 1,200,212 | |
Vestas Wind Systems AS (a)(d) | 168,788 | 5,814,404 | |
William Demant Holding AS (a)(d) | 21,345 | 1,811,560 | |
TOTAL DENMARK | 102,289,654 | ||
Finland - 1.0% | |||
Elisa Corp. (A Shares) | 116,981 | 2,671,729 | |
Fortum Corp. | 360,252 | 11,160,967 | |
Kesko Oyj | 57,608 | 2,481,165 | |
| |||
Shares | Value | ||
Kone Oyj (B Shares) | 128,774 | $ 7,028,356 | |
Metso Corp. | 105,688 | 5,463,520 | |
Neste Oil Oyj | 103,393 | 1,833,468 | |
Nokia Corp. | 3,094,010 | 26,676,475 | |
Nokian Tyres PLC | 90,156 | 3,662,786 | |
Orion Oyj (B Shares) | 77,990 | 1,784,442 | |
Outokumpu Oyj (A Shares) (d) | 97,559 | 1,751,555 | |
Pohjola Bank PLC (A Shares) | 116,236 | 1,591,224 | |
Rautaruukki Oyj (K Shares) (d) | 88,926 | 2,064,115 | |
Sampo OYJ (A Shares) | 349,135 | 10,806,915 | |
Sanoma-WSOY Oyj | 68,958 | 1,515,931 | |
Stora Enso Oyj (R Shares) | 469,853 | 5,294,163 | |
UPM-Kymmene Corp. | 422,724 | 8,394,538 | |
Wartsila Corp. | 70,051 | 5,384,540 | |
TOTAL FINLAND | 99,565,889 | ||
France - 9.0% | |||
Accor SA | 119,505 | 5,619,543 | |
Aeroports de Paris | 22,480 | 1,992,569 | |
Air France KLM (Reg.) (a) | 120,083 | 1,963,717 | |
Air Liquide SA | 20,000 | 2,589,156 | |
Alcatel-Lucent SA (a) | 1,921,706 | 9,501,223 | |
Alstom SA | 170,012 | 10,138,955 | |
Atos Origin SA (a) | 40,150 | 2,324,047 | |
AXA SA | 1,427,091 | 29,974,049 | |
BIC SA | 20,459 | 1,747,649 | |
bioMerieux SA | 10,949 | 1,165,707 | |
BNP Paribas SA | 795,408 | 62,105,775 | |
Bouygues SA | 191,126 | 8,837,074 | |
Bureau Veritas SA | 39,668 | 3,062,806 | |
Cap Gemini SA | 122,352 | 7,148,929 | |
Carrefour SA | 500,307 | 24,565,274 | |
Casino Guichard Perrachon et Compagnie | 46,316 | 4,536,763 | |
Christian Dior SA | 53,265 | 7,677,670 | |
CNP Assurances | 120,944 | 2,682,127 | |
Compagnie de St. Gobain | 332,098 | 19,855,641 | |
Compagnie Generale de Geophysique SA (a) | 129,641 | 4,803,026 | |
Credit Agricole SA | 795,287 | 13,960,150 | |
Danone | 483,185 | 30,292,510 | |
Dassault Systemes SA | 50,104 | 3,836,774 | |
Edenred (a) | 129,505 | 3,412,599 | |
EDF SA | 217,189 | 9,685,478 | |
Eiffage SA (d) | 34,083 | 2,029,305 | |
Eramet SA | 4,530 | 1,636,304 | |
Essilor International SA | 166,631 | 11,899,953 | |
Eurazeo SA | 25,490 | 1,894,590 | |
Eutelsat Communications | 79,586 | 3,175,696 | |
Fonciere Des Regions | 20,827 | 2,261,075 | |
France Telecom SA | 1,534,703 | 33,962,378 | |
GDF Suez | 1,030,047 | 41,755,530 | |
Gecina SA | 16,697 | 2,162,939 | |
Groupe Eurotunnel SA | 428,015 | 4,311,232 | |
Common Stocks - continued | |||
Shares | Value | ||
France - continued | |||
ICADE | 17,940 | $ 2,011,275 | |
Iliad Group SA | 12,340 | 1,382,090 | |
Imerys | 30,151 | 2,115,786 | |
JC Decaux SA (a) | 51,534 | 1,663,780 | |
Klepierre SA | 79,037 | 3,082,894 | |
L'Air Liquide (a) | 72,885 | 9,435,532 | |
L'Oreal SA | 20,000 | 2,325,024 | |
L'Oreal SA (a) | 179,277 | 20,841,166 | |
Lafarge SA (a) | 71,536 | 4,338,236 | |
Lafarge SA (a) | 71,270 | 4,322,105 | |
Lafarge SA (Bearer) | 23,000 | 1,394,814 | |
Lagardere S.C.A. (Reg.) | 101,922 | 4,586,673 | |
Legrand SA | 130,769 | 5,485,119 | |
LVMH Moet Hennessy - Louis Vuitton | 201,759 | 31,810,333 | |
M6 Metropole Television SA | 53,151 | 1,343,742 | |
Michelin CGDE Series B | 143,665 | 11,697,204 | |
Natixis SA (a) | 733,692 | 4,372,966 | |
Neopost SA | 26,848 | 2,546,833 | |
PagesJaunes Groupe SA (d) | 111,401 | 1,086,434 | |
Pernod-Ricard SA | 165,370 | 15,246,750 | |
Peugeot Citroen SA (a) | 124,090 | 4,968,650 | |
PPR SA | 63,431 | 9,628,826 | |
Publicis Groupe SA | 102,985 | 5,874,501 | |
Renault SA (a) | 160,736 | 9,851,943 | |
Safran SA | 153,128 | 5,447,743 | |
Sanofi-Aventis | 870,763 | 60,213,633 | |
Schneider Electric SA | 203,338 | 33,644,712 | |
SCOR SE | 137,719 | 4,047,162 | |
Societe Generale Series A | 524,999 | 36,913,205 | |
Sodexo SA | 78,834 | 5,424,859 | |
Suez Environnement SA | 224,800 | 4,870,517 | |
Technip SA | 85,242 | 8,415,534 | |
Television Francaise 1 SA (d) | 95,280 | 1,851,329 | |
Thales SA | 73,391 | 2,780,124 | |
Total SA | 1,759,428 | 107,856,883 | |
Total SA (strip VVPR) (a) | 3,096 | 4 | |
Unibail-Rodamco | 76,635 | 15,408,693 | |
Vallourec SA (d) | 94,438 | 9,783,456 | |
Veolia Environnement | 313,710 | 10,322,213 | |
VINCI SA | 367,448 | 22,118,753 | |
Vivendi | 1,032,859 | 29,447,636 | |
TOTAL FRANCE | 898,527,345 | ||
Germany - 7.7% | |||
adidas AG | 174,030 | 11,167,505 | |
Allianz AG | 379,070 | 54,613,373 | |
Axel Springer Verlag | 12,800 | 2,086,118 | |
BASF AG | 764,388 | 63,565,589 | |
Bayer AG | 689,903 | 53,487,076 | |
Bayerische Motoren Werke AG (BMW) | 275,751 | 22,367,928 | |
Beiersdorf AG | 82,655 | 4,961,780 | |
Brenntag AG | 22,000 | 2,299,770 | |
| |||
Shares | Value | ||
Celesio AG | 67,351 | $ 1,863,535 | |
Commerzbank AG (a) | 689,693 | 5,944,795 | |
Continental AG (a) | 41,700 | 3,524,693 | |
Daimler AG (Germany) | 744,268 | 52,432,936 | |
Deutsche Bank AG | 768,342 | 49,389,331 | |
Deutsche Boerse AG | 162,716 | 12,493,855 | |
Deutsche Lufthansa AG (a) | 193,080 | 3,947,463 | |
Deutsche Post AG | 693,155 | 12,712,601 | |
Deutsche Telekom AG | 2,350,131 | 31,604,797 | |
E.ON AG | 1,496,448 | 49,097,711 | |
Fraport AG Frankfurt Airport Services Worldwide | 29,107 | 2,073,455 | |
Fresenius Medical Care AG & Co. KGaA | 160,180 | 10,604,797 | |
Fresenius SE | 89,629 | 8,177,015 | |
GEA Group AG | 153,171 | 4,733,765 | |
Hannover Rueckversicherungs AG | 47,418 | 2,760,780 | |
HeidelbergCement AG | 116,361 | 8,146,131 | |
HeidelbergCement AG (strip VVPR) (a) | 239 | 0 | |
Henkel AG & Co. KGaA | 108,471 | 5,538,529 | |
Hochtief AG | 36,198 | 3,566,162 | |
Infineon Technologies AG | 914,979 | 10,010,456 | |
K&S AG | 137,282 | 10,599,681 | |
Kabel Deutschland Holding AG | 46,000 | 2,506,190 | |
Lanxess AG | 69,000 | 5,132,358 | |
Linde AG | 140,061 | 21,377,230 | |
MAN SE | 87,432 | 11,101,573 | |
Merck KGaA | 53,639 | 4,849,169 | |
Metro AG | 107,713 | 7,878,129 | |
Munich Re Group | 158,381 | 26,435,531 | |
Puma AG | 4,162 | 1,237,737 | |
RWE AG | 347,307 | 23,441,764 | |
Salzgitter AG | 34,664 | 2,877,833 | |
SAP AG | 712,561 | 42,991,370 | |
Siemens AG | 684,022 | 92,120,116 | |
Suedzucker AG (Bearer) | 53,866 | 1,479,268 | |
Thyssenkrupp AG | 273,183 | 11,358,785 | |
TUI AG (a)(d) | 127,879 | 1,675,964 | |
United Internet AG | 96,763 | 1,675,838 | |
Volkswagen AG (d) | 23,350 | 3,544,530 | |
Wacker Chemie AG | 12,021 | 2,217,947 | |
TOTAL GERMANY | 767,672,959 | ||
Greece - 0.2% | |||
Alpha Bank AE (a) | 440,735 | 2,919,429 | |
Coca-Cola Hellenic Bottling Co. SA | 151,850 | 4,136,576 | |
EFG Eurobank Ergasias SA (a) | 276,744 | 1,772,047 | |
Greek Organization of Football Prognostics SA | 176,466 | 3,684,504 | |
Hellenic Telecommunications Organization SA | 187,381 | 1,926,464 | |
National Bank of Greece SA (a) | 852,398 | 7,925,027 | |
Public Power Corp. of Greece | 97,175 | 1,503,278 | |
TOTAL GREECE | 23,867,325 | ||
Common Stocks - continued | |||
Shares | Value | ||
Hong Kong - 2.3% | |||
AIA Group Ltd. | 6,570,000 | $ 19,149,846 | |
ASM Pacific Technology Ltd. | 159,529 | 2,113,944 | |
Bank of East Asia Ltd. | 1,266,321 | 5,487,716 | |
BOC Hong Kong (Holdings) Ltd. | 3,108,066 | 9,637,878 | |
Cathay Pacific Airways Ltd. | 975,327 | 2,266,746 | |
Cheung Kong Holdings Ltd. | 1,147,449 | 17,857,065 | |
CLP Holdings Ltd. | 1,624,157 | 13,232,250 | |
Esprit Holdings Ltd. | 943,366 | 4,627,193 | |
Hang Lung Group Ltd. | 644,000 | 3,903,030 | |
Hang Lung Properties Ltd. | 2,008,423 | 8,561,844 | |
Hang Seng Bank Ltd. | 636,601 | 10,152,266 | |
Henderson Land Development Co. Ltd. | 887,319 | 5,622,649 | |
Hong Kong & China Gas Co. Ltd. | 3,644,476 | 8,161,230 | |
Hong Kong Exchanges and Clearing Ltd. | 848,298 | 18,353,648 | |
Hopewell Holdings Ltd. | 475,000 | 1,479,038 | |
Hutchison Whampoa Ltd. | 1,767,158 | 20,807,446 | |
Hysan Development Co. Ltd. | 495,581 | 2,227,187 | |
Kerry Properties Ltd. | 610,681 | 2,956,173 | |
Lifestyle International Holdings Ltd. | 469,000 | 1,162,262 | |
Link (REIT) | 1,871,212 | 5,754,433 | |
MTR Corp. Ltd. | 1,200,956 | 4,418,001 | |
New World Development Co. Ltd. | 2,058,402 | 3,700,260 | |
PCCW Ltd. | 2,900,000 | 1,251,156 | |
Power Assets Holdings Ltd. | 1,205,676 | 7,872,191 | |
Shangri-La Asia Ltd. | 1,075,380 | 2,521,371 | |
Sino Land Ltd. | 2,120,112 | 3,843,860 | |
SJM Holdings Ltd. | 1,250,000 | 1,839,368 | |
Sun Hung Kai Properties Ltd. | 1,180,141 | 19,062,884 | |
Swire Pacific Ltd. (A Shares) | 635,884 | 8,883,433 | |
Wharf Holdings Ltd. | 1,117,585 | 7,325,721 | |
Wharf Holdings Ltd. rights 3/11/11 (a) | 111,758 | 208,793 | |
Wheelock and Co. Ltd. | 712,000 | 2,587,262 | |
Wing Hang Bank Ltd. | 150,000 | 1,915,447 | |
TOTAL HONG KONG | 228,943,591 | ||
Ireland - 0.3% | |||
Anglo Irish Bank Corp. PLC (a) | 331,052 | 5 | |
Bank of Ireland (a) | 2,750,000 | 1,345,170 | |
CRH PLC | 593,710 | 13,730,297 | |
Elan Corp. PLC (a) | 394,397 | 2,534,182 | |
James Hardie Industries NV unit (a) | 336,842 | 2,284,391 | |
Kerry Group PLC Class A | 115,827 | 4,203,825 | |
Ryanair Holdings PLC | 287,226 | 1,336,417 | |
TOTAL IRELAND | 25,434,287 | ||
Isle of Man - 0.1% | |||
Genting International PLC (a) | 5,063,859 | 7,604,946 | |
Israel - 0.7% | |||
Bank Hapoalim BM (Reg.) (a) | 825,000 | 3,755,172 | |
Bank Leumi le-Israel BM | 1,013,900 | 4,684,917 | |
Bezeq Israeli Telecommunication Corp. Ltd. | 1,517,067 | 4,122,237 | |
Cellcom Israel Ltd. (Israel) | 44,098 | 1,349,095 | |
| |||
Shares | Value | ||
Delek Group Ltd. | 3,350 | $ 799,472 | |
Elbit Systems Ltd. (Israel) | 21,449 | 1,094,639 | |
Israel Chemicals Ltd. | 365,283 | 6,066,217 | |
Israel Corp. Ltd. (Class A) (a) | 2,050 | 2,428,897 | |
Israel Discount Bank Ltd. (Class A) (a) | 499,200 | 1,010,932 | |
Makhteshim-Agan Industries (a) | 190,000 | 946,593 | |
Mizrahi Tefahot Bank Ltd. | 106,000 | 1,077,545 | |
Nice Systems Ltd. (a) | 51,000 | 1,757,375 | |
Partner Communications Co. Ltd. | 71,396 | 1,326,231 | |
Teva Pharmaceutical Industries Ltd. | 777,397 | 39,038,123 | |
TOTAL ISRAEL | 69,457,445 | ||
Italy - 2.6% | |||
A2A SpA | 871,519 | 1,395,128 | |
Assicurazioni Generali SpA | 968,927 | 21,915,385 | |
Atlantia SpA | 249,207 | 5,708,834 | |
Autogrill SpA (a) | 92,208 | 1,304,282 | |
Banca Carige SpA (d) | 476,861 | 1,150,303 | |
Banca Monte dei Paschi di Siena SpA (a)(d) | 1,925,288 | 2,566,563 | |
Banco Popolare Societa Cooperativa | 1,262,100 | 4,406,496 | |
Enel Green Power SpA | 1,330,000 | 3,142,205 | |
Enel SpA | 5,393,557 | 32,139,343 | |
ENI SpA | 2,157,503 | 52,607,380 | |
EXOR SpA | 55,132 | 1,682,177 | |
Fiat Industrial SpA (a) | 630,563 | 8,806,191 | |
Fiat SpA | 630,563 | 5,851,940 | |
Finmeccanica SpA | 332,694 | 4,164,198 | |
Intesa Sanpaolo SpA | 6,420,787 | 21,655,517 | |
Intesa Sanpaolo SpA (Risparmio Shares) | 735,357 | 2,153,390 | |
Luxottica Group SpA | 107,973 | 3,354,476 | |
Mediaset SpA | 592,933 | 3,813,034 | |
Mediobanca SpA | 382,419 | 4,047,752 | |
Mediobanca SpA warrants 3/18/11 (a) | 328,052 | 951 | |
Parmalat SpA | 1,432,531 | 4,388,702 | |
Pirelli & C SpA | 195,504 | 1,575,606 | |
Prysmian SpA | 172,913 | 3,650,885 | |
Saipem SpA | 215,150 | 10,866,796 | |
Snam Rete Gas SpA | 1,256,625 | 6,874,141 | |
Telecom Italia SpA | 7,954,053 | 12,418,500 | |
Terna SpA | 1,065,434 | 4,913,739 | |
UniCredit SpA | 11,272,084 | 28,979,852 | |
Unione di Banche Italiane SCpA | 499,659 | 5,047,355 | |
Unione di Banche Italiane SCpA warrants 6/30/11 (a) | 368,960 | 967 | |
TOTAL ITALY | 260,582,088 | ||
Japan - 21.5% | |||
77 Bank Ltd. | 272,223 | 1,713,873 | |
ABC-Mart, Inc. | 24,000 | 955,012 | |
Advantest Corp. | 130,590 | 2,723,460 | |
Aeon Co. Ltd. | 499,900 | 6,307,717 | |
Aeon Credit Service Co. Ltd. | 65,500 | 996,913 | |
Aeon Mall Co. Ltd. | 69,700 | 1,851,566 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Air Water, Inc. | 111,000 | $ 1,468,240 | |
Aisin Seiki Co. Ltd. | 155,300 | 5,913,930 | |
Ajinomoto Co., Inc. | 534,866 | 6,161,804 | |
Alfresa Holdings Corp. | 28,400 | 1,098,851 | |
All Nippon Airways Ltd. (a) | 664,000 | 2,401,940 | |
Amada Co. Ltd. | 292,000 | 2,613,007 | |
Aozora Bank Ltd. | 584,000 | 1,313,643 | |
Asahi Breweries Ltd. | 320,303 | 6,192,134 | |
Asahi Glass Co. Ltd. | 838,677 | 11,727,335 | |
Asahi Kasei Corp. | 1,006,727 | 6,981,692 | |
Asics Corp. | 118,000 | 1,578,142 | |
Astellas Pharma, Inc. | 368,300 | 14,482,840 | |
Bank of Kyoto Ltd. | 270,000 | 2,594,377 | |
Bank of Yokohama Ltd. | 1,005,084 | 5,425,716 | |
Benesse Corp. | 59,500 | 2,702,231 | |
Bridgestone Corp. | 554,479 | 11,402,178 | |
Brother Industries Ltd. | 191,200 | 3,010,582 | |
Canon Marketing Japan, Inc. | 55,100 | 771,265 | |
Canon, Inc. | 936,844 | 45,307,981 | |
Casio Computer Co. Ltd. | 189,800 | 1,683,639 | |
Central Japan Railway Co. | 1,277 | 11,446,011 | |
Chiba Bank Ltd. | 633,674 | 4,348,420 | |
Chiyoda Corp. | 123,000 | 1,111,804 | |
Chubu Electric Power Co., Inc. | 556,864 | 14,698,951 | |
Chugai Pharmaceutical Co. Ltd. | 183,525 | 3,536,813 | |
Chugokun Electric Power Co. | 239,900 | 5,138,201 | |
Chuo Mitsui Trust Holdings, Inc. | 836,300 | 3,572,066 | |
Citizen Holdings Co. Ltd. | 213,166 | 1,383,064 | |
Coca-Cola West Co. Ltd. | 42,700 | 786,139 | |
Cosmo Oil Co. Ltd. | 512,000 | 1,852,714 | |
Credit Saison Co. Ltd. | 117,452 | 2,306,137 | |
Dai Nippon Printing Co. Ltd. | 471,242 | 6,379,941 | |
Dai-ichi Mutual Life Insurance Co. | 6,648 | 11,963,149 | |
Daicel Chemical Industries Ltd. | 213,000 | 1,458,191 | |
Daido Steel Co. Ltd. | 236,000 | 1,575,257 | |
Daihatsu Motor Co. Ltd. | 160,000 | 2,519,315 | |
Daiichi Sankyo Kabushiki Kaisha | 568,770 | 12,215,955 | |
Daikin Industries Ltd. | 190,494 | 6,468,231 | |
Dainippon Sumitomo Pharma Co. Ltd. | 119,000 | 1,157,263 | |
Daito Trust Construction Co. Ltd. | 67,063 | 5,468,340 | |
Daiwa House Industry Co. Ltd. | 414,184 | 5,322,022 | |
Daiwa Securities Group, Inc. | 1,371,985 | 7,422,114 | |
DeNA Co. Ltd. | 65,700 | 2,534,028 | |
Denki Kagaku Kogyo KK | 393,358 | 2,119,667 | |
Denso Corp. | 405,238 | 15,225,200 | |
Dentsu, Inc. | 138,100 | 4,409,178 | |
Dowa Holdings Co. Ltd. | 204,526 | 1,445,642 | |
East Japan Railway Co. | 280,000 | 19,525,441 | |
Eisai Co. Ltd. (d) | 206,378 | 7,731,822 | |
Electric Power Development Co. Ltd. | 105,880 | 3,340,786 | |
Elpida Memory, Inc. (a)(d) | 154,600 | 2,317,110 | |
FamilyMart Co. Ltd. | 54,500 | 2,058,741 | |
| |||
Shares | Value | ||
Fanuc Ltd. | 159,172 | $ 24,865,648 | |
Fast Retailing Co. Ltd. | 50,600 | 7,944,925 | |
Fuji Electric Holdings Co. Ltd. | 435,153 | 1,477,345 | |
Fuji Heavy Industries Ltd. | 557,000 | 4,799,989 | |
Fuji Media Holdings, Inc. | 351 | 591,723 | |
Fujifilm Holdings Corp. | 385,005 | 13,556,108 | |
Fujitsu Ltd. | 1,532,075 | 10,389,974 | |
Fukuoka Financial Group, Inc. | 644,300 | 2,925,831 | |
Furukawa Electric Co. Ltd. | 498,790 | 2,130,272 | |
GREE, Inc. | 70,000 | 1,137,286 | |
GS Yuasa Corp. (d) | 295,000 | 2,138,796 | |
Gunma Bank Ltd. | 311,663 | 1,924,081 | |
Hakuhodo DY Holdings, Inc. | 18,180 | 1,151,252 | |
Hamamatsu Photonics KK | 50,000 | 1,919,315 | |
Hankyu Hanshin Holdings, Inc. | 955,200 | 4,600,841 | |
Hino Motors Ltd. | 206,000 | 1,144,178 | |
Hirose Electric Co. Ltd. | 26,798 | 3,059,821 | |
Hiroshima Bank Ltd. | 391,000 | 1,782,922 | |
Hisamitsu Pharmaceutical Co., Inc. | 55,000 | 2,218,826 | |
Hitachi Chemical Co. Ltd. | 84,900 | 1,965,778 | |
Hitachi Construction Machinery Co. Ltd. | 84,300 | 2,116,722 | |
Hitachi High-Technologies Corp. | 55,400 | 1,286,797 | |
Hitachi Ltd. | 3,733,271 | 22,723,648 | |
Hitachi Metals Ltd. | 140,000 | 1,910,024 | |
Hokkaido Electric Power Co., Inc. | 152,000 | 3,259,267 | |
Hokuhoku Financial Group, Inc. | 1,014,715 | 2,332,108 | |
Hokuriku Electric Power Co., Inc. | 149,300 | 3,759,878 | |
Honda Motor Co. Ltd. | 1,361,260 | 59,411,981 | |
Hoya Corp. | 356,916 | 8,512,752 | |
Ibiden Co. Ltd. | 135,100 | 4,649,224 | |
Idemitsu Kosan Co. Ltd. | 18,900 | 2,225,024 | |
INPEX Corp. | 1,790 | 12,578,881 | |
Isetan Mitsukoshi Holdings Ltd. | 303,887 | 3,681,873 | |
Ishikawajima-Harima Heavy Industries Co. Ltd. | 1,119,185 | 2,945,171 | |
Isuzu Motors Ltd. | 940,000 | 4,250,937 | |
Ito En Ltd. | 51,200 | 906,954 | |
Itochu Corp. | 1,246,986 | 12,968,297 | |
ITOCHU Techno-Solutions Corp. | 25,600 | 904,137 | |
Iyo Bank Ltd. | 187,000 | 1,755,697 | |
J Front Retailing Co. Ltd. | 407,800 | 2,136,025 | |
Japan Petroleum Exploration Co. Ltd. | 24,100 | 1,179,957 | |
Japan Prime Realty Investment Corp. | 535 | 1,487,928 | |
Japan Real Estate Investment Corp. | 407 | 4,189,413 | |
Japan Retail Fund Investment Corp. | 1,306 | 2,241,594 | |
Japan Steel Works Ltd. | 279,000 | 2,922,946 | |
Japan Tobacco, Inc. | 3,819 | 15,798,653 | |
JFE Holdings, Inc. | 384,975 | 12,192,657 | |
JGC Corp. | 166,117 | 3,772,270 | |
Joyo Bank Ltd. | 528,941 | 2,483,048 | |
JS Group Corp. | 219,459 | 5,333,551 | |
JSR Corp. | 137,316 | 2,936,011 | |
JTEKT Corp. | 184,200 | 2,726,784 | |
Jupiter Telecommunications Co. | 2,003 | 2,154,817 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
JX Holdings, Inc. | 1,866,468 | $ 13,074,403 | |
Kajima Corp. | 644,317 | 1,727,292 | |
Kamigumi Co. Ltd. | 215,663 | 1,895,620 | |
Kaneka Corp. | 235,559 | 1,727,817 | |
Kansai Electric Power Co., Inc. | 627,036 | 16,468,812 | |
Kansai Paint Co. Ltd. | 168,000 | 1,595,795 | |
Kao Corp. | 440,750 | 11,905,755 | |
Kawasaki Heavy Industries Ltd. | 1,206,945 | 4,884,599 | |
Kawasaki Kisen Kaisha Ltd. | 579,000 | 2,534,116 | |
KDDI Corp. | 2,377 | 15,437,330 | |
Keihin Electric Express Railway Co. Ltd. | 384,061 | 3,169,208 | |
Keio Corp. | 472,410 | 3,162,055 | |
Keisei Electric Railway Co. | 226,000 | 1,600,503 | |
Keyence Corp. | 35,420 | 9,630,083 | |
Kikkoman Corp. | 134,849 | 1,483,400 | |
Kinden Corp. | 100,000 | 904,645 | |
Kintetsu Corp. (d) | 1,364,100 | 4,302,418 | |
Kirin Holdings Co. Ltd. | 690,256 | 9,883,438 | |
Kobe Steel Ltd. | 2,058,000 | 5,633,009 | |
Koito Manufacturing Co. Ltd. | 86,000 | 1,546,528 | |
Komatsu Ltd. | 785,245 | 24,091,750 | |
Konami Corp. | 78,500 | 1,659,560 | |
Konica Minolta Holdings, Inc. | 393,000 | 3,641,275 | |
Kubota Corp. | 970,864 | 10,008,339 | |
Kuraray Co. Ltd. | 271,486 | 3,856,147 | |
Kurita Water Industries Ltd. | 89,700 | 2,541,866 | |
Kyocera Corp. | 134,302 | 14,021,440 | |
Kyowa Hakko Kirin Co., Ltd. | 202,689 | 2,072,410 | |
Kyushu Electric Power Co., Inc. | 310,670 | 7,208,456 | |
Lawson, Inc. | 50,116 | 2,465,977 | |
Mabuchi Motor Co. Ltd. | 22,621 | 1,128,285 | |
Makita Corp. | 94,300 | 3,971,436 | |
Marubeni Corp. | 1,382,244 | 10,610,121 | |
Marui Group Co. Ltd. | 196,849 | 1,771,876 | |
Maruichi Steel Tube Ltd. | 34,400 | 795,658 | |
Matsui Securities Co. Ltd. | 107,800 | 770,989 | |
Mazda Motor Corp. | 1,228,000 | 3,180,513 | |
McDonald's Holdings Co. (Japan) Ltd. | 53,000 | 1,299,731 | |
Medipal Holdings Corp. | 117,900 | 1,118,465 | |
Meiji Holdings Co. Ltd. | 52,429 | 2,472,301 | |
Minebea Ltd. | 282,008 | 1,677,768 | |
Miraca Holdings, Inc. | 38,000 | 1,467,971 | |
Mitsubishi Chemical Holdings Corp. | 1,059,275 | 7,768,921 | |
Mitsubishi Corp. | 1,127,002 | 31,357,656 | |
Mitsubishi Electric Corp. | 1,623,106 | 19,287,681 | |
Mitsubishi Estate Co. Ltd. | 990,723 | 20,314,055 | |
Mitsubishi Gas Chemical Co., Inc. | 299,867 | 2,313,155 | |
Mitsubishi Heavy Industries Ltd. | 2,536,256 | 10,799,936 | |
Mitsubishi Logistics Corp. | 97,000 | 1,293,016 | |
Mitsubishi Materials Corp. (a) | 920,937 | 3,567,007 | |
Mitsubishi Motors Corp. of Japan (a)(d) | 3,274,000 | 4,660,480 | |
Mitsubishi Tanabe Pharma Corp. | 187,000 | 3,166,198 | |
| |||
Shares | Value | ||
Mitsubishi UFJ Financial Group, Inc. | 10,544,030 | $ 58,575,854 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 46,330 | 2,050,301 | |
Mitsui & Co. Ltd. | 1,456,823 | 26,632,297 | |
Mitsui Chemicals, Inc. | 834,683 | 3,134,915 | |
Mitsui Engineering & Shipbuilding Co. | 616,000 | 1,702,503 | |
Mitsui Fudosan Co. Ltd. | 699,677 | 14,954,099 | |
Mitsui Mining & Smelting Co. Ltd. | 443,154 | 1,763,713 | |
Mitsui OSK Lines Ltd. | 967,285 | 6,432,357 | |
Mitsumi Electric Co. Ltd. | 70,700 | 1,175,026 | |
Mizuho Financial Group, Inc. | 16,964,100 | 34,970,706 | |
Mizuho Securities Co. Ltd. | 486,000 | 1,500,735 | |
Mizuho Trust & Banking Co. Ltd. (a)(d) | 1,075,000 | 1,175,260 | |
MS&AD Insurance Group Holdings, Inc. | 444,284 | 11,736,036 | |
Murata Manufacturing Co. Ltd. | 168,654 | 12,535,652 | |
Nabtesco Corp. | 70,000 | 1,658,435 | |
Namco Bandai Holdings, Inc. | 156,550 | 1,846,831 | |
NEC Corp. | 2,176,951 | 6,012,340 | |
NGK Insulators Ltd. | 213,309 | 3,905,372 | |
NGK Spark Plug Co. Ltd. | 135,000 | 2,013,447 | |
NHK Spring Co. Ltd. | 130,000 | 1,519,315 | |
Nidec Corp. | 91,342 | 8,520,801 | |
Nikon Corp. | 265,938 | 6,247,627 | |
Nintendo Co. Ltd. | 82,296 | 24,115,344 | |
Nippon Building Fund, Inc. | 441 | 4,620,257 | |
Nippon Electric Glass Co. Ltd. | 317,000 | 5,318,069 | |
Nippon Express Co. Ltd. | 684,546 | 2,958,670 | |
Nippon Meat Packers, Inc. | 150,740 | 2,120,184 | |
Nippon Paper Group, Inc. | 83,100 | 2,285,774 | |
Nippon Sheet Glass Co. Ltd. | 758,000 | 2,182,720 | |
Nippon Steel Corp. | 4,221,661 | 15,354,298 | |
Nippon Telegraph & Telephone Corp. | 405,500 | 19,837,414 | |
Nippon Yusen KK | 1,288,578 | 5,699,437 | |
Nishi-Nippon City Bank Ltd. | 516,000 | 1,722,103 | |
Nissan Chemical Industries Co. Ltd. | 105,000 | 1,226,099 | |
Nissan Motor Co. Ltd. | 2,064,648 | 21,215,765 | |
Nisshin Seifun Group, Inc. | 155,090 | 2,046,068 | |
Nisshin Steel Co. Ltd. | 503,000 | 1,125,293 | |
Nisshinbo Holdings, Inc. | 102,000 | 1,121,379 | |
Nissin Food Holdings Co. Ltd. | 56,723 | 2,034,539 | |
Nitori Holdings Co. Ltd. | 29,850 | 2,641,980 | |
Nitto Denko Corp. | 145,894 | 8,783,960 | |
NKSJ Holdings, Inc. | 1,169,612 | 8,822,135 | |
NOK Corp. | 95,000 | 1,881,418 | |
Nomura Holdings, Inc. | 2,926,347 | 18,558,800 | |
Nomura Real Estate Holdings, Inc. | 79,500 | 1,608,466 | |
Nomura Real Estate Office Fund, Inc. | 232 | 1,574,083 | |
Nomura Research Institute Ltd. | 81,600 | 1,908,323 | |
NSK Ltd. | 361,576 | 3,459,952 | |
NTN Corp. | 368,611 | 1,984,541 | |
NTT Data Corp. | 1,062 | 3,795,751 | |
NTT DoCoMo, Inc. | 12,717 | 23,891,307 | |
NTT Urban Development Co. | 916 | 950,714 | |
Obayashi Corp. | 603,704 | 2,715,979 | |
Obic Co. Ltd. | 5,580 | 1,119,411 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Odakyu Electric Railway Co. Ltd. (d) | 532,000 | $ 4,961,216 | |
Oji Paper Co. Ltd. | 681,352 | 3,392,005 | |
Olympus Corp. | 178,029 | 5,233,401 | |
Omron Corp. | 164,760 | 4,562,120 | |
Ono Pharmaceutical Co. Ltd. | 72,100 | 3,768,062 | |
Oracle Corp. Japan | 31,700 | 1,493,930 | |
Oriental Land Co. Ltd. | 42,556 | 4,255,600 | |
ORIX Corp. | 89,588 | 10,021,152 | |
Osaka Gas Co. Ltd. | 1,586,525 | 6,042,011 | |
Otsuka Corp. | 11,000 | 770,538 | |
Otsuka Holdings Co. Ltd. | 210,000 | 5,255,135 | |
Panasonic Corp. | 1,628,773 | 22,002,736 | |
Rakuten, Inc. (d) | 5,957 | 5,294,302 | |
Resona Holdings, Inc. | 1,506,100 | 8,228,437 | |
Ricoh Co. Ltd. | 555,770 | 7,416,043 | |
Rinnai Corp. | 30,000 | 1,837,408 | |
ROHM Co. Ltd. | 82,744 | 5,826,472 | |
Sankyo Co. Ltd. (Gunma) | 46,800 | 2,646,088 | |
Santen Pharmaceutical Co. Ltd. | 58,000 | 2,265,403 | |
Sapporo Breweries Ltd. | 198,578 | 901,602 | |
Sapporo Hokuyo Holdings, Inc. | 270,000 | 1,406,112 | |
SBI Holdings, Inc. | 19,000 | 2,998,655 | |
Secom Co. Ltd. | 180,067 | 9,091,186 | |
Sega Sammy Holdings, Inc. | 160,600 | 3,645,895 | |
Seiko Epson Corp. | 118,400 | 1,978,641 | |
Sekisui Chemical Co. Ltd. | 359,293 | 2,824,271 | |
Sekisui House Ltd. | 512,467 | 5,317,174 | |
Senshu Ikeda Holdings, Inc. | 546,950 | 862,550 | |
Seven & i Holdings Co., Ltd. | 648,900 | 18,113,999 | |
Seven Bank Ltd. | 529 | 1,129,784 | |
Sharp Corp. | 812,675 | 8,854,363 | |
Shikoku Electric Power Co., Inc. | 147,500 | 4,459,260 | |
Shimadzu Corp. | 197,000 | 1,746,027 | |
Shimamura Co. Ltd. | 18,300 | 1,767,359 | |
SHIMANO, Inc. | 53,000 | 2,630,562 | |
SHIMIZU Corp. | 457,416 | 1,967,025 | |
Shin-Etsu Chemical Co., Ltd. | 343,262 | 19,846,869 | |
Shinko Electric Industries Co.Ltd. | 55,900 | 647,839 | |
Shinsei Bank Ltd. (a)(d) | 907,000 | 1,161,078 | |
Shionogi & Co. Ltd. | 255,791 | 4,860,031 | |
Shiseido Co. Ltd. | 283,950 | 5,795,249 | |
Shizuoka Bank Ltd. | 495,274 | 4,668,431 | |
Showa Denko KK | 1,249,336 | 2,754,533 | |
Showa Shell Sekiyu KK | 163,500 | 1,483,331 | |
SMC Corp. | 45,371 | 7,737,475 | |
SOFTBANK CORP. | 675,630 | 27,779,611 | |
Sojitz Corp. | 1,105,800 | 2,494,103 | |
Sony Corp. | 838,285 | 30,866,371 | |
Sony Financial Holdings, Inc. | 720 | 3,058,680 | |
Square Enix Holdings Co. Ltd. | 55,400 | 1,030,792 | |
Stanley Electric Co. Ltd. | 125,525 | 2,300,269 | |
Sumco Corp. (a) | 100,100 | 1,840,826 | |
| |||
Shares | Value | ||
Sumitomo Chemical Co. Ltd. | 1,272,334 | $ 6,886,893 | |
Sumitomo Corp. | 942,742 | 14,007,366 | |
Sumitomo Electric Industries Ltd. | 629,306 | 9,235,444 | |
Sumitomo Heavy Industries Ltd. | 452,822 | 3,194,597 | |
Sumitomo Metal Industries Ltd. | 2,744,966 | 6,975,675 | |
Sumitomo Metal Mining Co. Ltd. | 427,065 | 8,090,948 | |
Sumitomo Mitsui Financial Group, Inc. | 1,119,500 | 42,366,372 | |
Sumitomo Realty & Development Co. Ltd. | 301,000 | 8,117,982 | |
Sumitomo Rubber Industries Ltd. | 137,800 | 1,485,814 | |
Sumitomo Trust & Banking Co. Ltd. | 1,183,344 | 7,540,263 | |
Suzuken Co. Ltd. | 56,560 | 1,611,061 | |
Suzuki Motor Corp. | 278,700 | 6,624,636 | |
Sysmex Corp. | 27,700 | 1,794,743 | |
T&D Holdings, Inc. | 242,300 | 7,037,329 | |
Taisei Corp. | 873,594 | 2,072,312 | |
Taisho Pharmaceutical Co. Ltd. | 113,524 | 2,481,429 | |
Taiyo Nippon Sanso Corp. | 221,000 | 1,966,846 | |
Takashimaya Co. Ltd. | 259,000 | 2,130,760 | |
Takeda Pharmaceutical Co. Ltd. | 622,242 | 31,001,964 | |
TDK Corp. | 102,625 | 6,947,064 | |
Teijin Ltd. | 712,341 | 3,452,620 | |
Terumo Corp. | 137,412 | 7,546,626 | |
The Chugoku Bank Ltd. | 135,000 | 1,619,010 | |
The Hachijuni Bank Ltd. | 336,000 | 2,127,726 | |
The Suruga Bank Ltd. | 160,000 | 1,592,176 | |
THK Co. Ltd. | 93,900 | 2,468,032 | |
Tobu Railway Co. Ltd. (d) | 662,297 | 3,226,519 | |
Toho Co. Ltd. | 82,854 | 1,348,555 | |
Toho Gas Co. Ltd. | 349,000 | 1,872,995 | |
Tohoku Electric Power Co., Inc. | 348,390 | 8,104,965 | |
Tokio Marine Holdings, Inc. | 603,800 | 19,853,980 | |
Tokuyama Corp. | 266,000 | 1,398,289 | |
Tokyo Electric Power Co. | 1,197,018 | 30,986,562 | |
Tokyo Electron Ltd. | 140,718 | 9,256,968 | |
Tokyo Gas Co. Ltd. | 2,132,395 | 9,533,585 | |
Tokyo Steel Manufacturing Co. Ltd. | 82,400 | 916,675 | |
Tokyo Tatemono Co. Ltd. | 302,000 | 1,425,694 | |
Tokyu Corp. | 907,954 | 4,217,412 | |
Tokyu Land Corp. | 371,000 | 2,133,804 | |
TonenGeneral Sekiyu KK | 233,856 | 2,753,097 | |
Toppan Printing Co. Ltd. | 477,013 | 4,389,003 | |
Toray Industries, Inc. | 1,215,883 | 9,230,089 | |
Toshiba Corp. | 3,346,880 | 21,993,879 | |
Tosoh Corp. | 373,816 | 1,343,717 | |
Toto Ltd. | 239,185 | 2,009,415 | |
Toyo Seikan Kaisha Ltd. | 123,200 | 2,267,208 | |
Toyo Suisan Kaisha Ltd. | 73,000 | 1,650,086 | |
Toyoda Gosei Co. Ltd. | 55,500 | 1,299,976 | |
Toyota Boshoku Corp. | 50,500 | 838,991 | |
Toyota Industries Corp. | 152,086 | 5,243,063 | |
Toyota Motor Corp. | 2,295,351 | 107,262,363 | |
Toyota Tsusho Corp. | 179,900 | 3,416,286 | |
Trend Micro, Inc. | 87,400 | 2,731,160 | |
Tsumura & Co. | 46,400 | 1,502,611 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Ube Industries Ltd. | 783,605 | $ 2,546,205 | |
Uni-Charm Corp. | 111,180 | 4,288,177 | |
UNY Co. Ltd. | 160,300 | 1,599,885 | |
Ushio, Inc. | 81,300 | 1,667,743 | |
USS Co. Ltd. | 17,820 | 1,439,978 | |
West Japan Railway Co. | 1,394 | 5,791,445 | |
Yahoo! Japan Corp. | 11,779 | 4,441,030 | |
Yakult Honsha Co. Ltd. | 77,566 | 2,187,589 | |
Yamada Denki Co. Ltd. | 67,345 | 5,129,087 | |
Yamaguchi Financial Group, Inc. | 172,000 | 1,778,875 | |
Yamaha Corp. | 120,343 | 1,551,493 | |
Yamaha Motor Co. Ltd. (a) | 221,200 | 3,910,210 | |
Yamato Holdings Co. Ltd. | 323,132 | 5,200,788 | |
Yamato Kogyo Co. Ltd. | 37,000 | 1,215,391 | |
Yamazaki Baking Co. Ltd. | 103,000 | 1,251,614 | |
Yaskawa Electric Corp. | 193,000 | 2,250,880 | |
Yokogawa Electric Corp. | 180,900 | 1,404,872 | |
TOTAL JAPAN | 2,148,878,747 | ||
Luxembourg - 0.5% | |||
ArcelorMittal SA (Netherlands) | 710,052 | 26,078,640 | |
Millicom International Cellular SA unit | 64,256 | 5,636,358 | |
SES SA FDR (France) unit | 247,095 | 6,361,189 | |
Subsea 7 SA | 234,365 | 6,038,423 | |
Tenaris SA | 393,838 | 8,891,602 | |
TOTAL LUXEMBOURG | 53,006,212 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a) | 5,796,476 | 80 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 5,252,680 | 2,684,575 | |
Netherlands - 2.7% | |||
AEGON NV (a) | 1,343,260 | 10,339,943 | |
Akzo Nobel NV | 189,692 | 12,897,652 | |
ASML Holding NV (Netherlands) | 355,506 | 15,484,921 | |
Corio NV | 52,622 | 3,489,675 | |
Delta Lloyd NV | 59,600 | 1,440,985 | |
European Aeronautic Defence and Space Co. EADS NV (a) | 341,277 | 9,871,369 | |
Fugro NV (Certificaten Van Aandelen) unit | 57,322 | 4,822,202 | |
Heineken Holding NV (A Shares) | 95,370 | 4,380,001 | |
Heineken NV (Bearer) | 212,882 | 10,975,515 | |
ING Groep NV (Certificaten Van Aandelen) unit (a) | 3,169,554 | 39,762,002 | |
Koninklijke Ahold NV | 989,844 | 13,288,299 | |
Koninklijke Boskalis Westminster NV | 55,128 | 2,866,948 | |
Koninklijke KPN NV | 1,327,027 | 21,499,430 | |
Koninklijke Philips Electronics NV | 815,831 | 26,659,838 | |
QIAGEN NV (a)(d) | 193,126 | 4,000,373 | |
Randstad Holdings NV (a) | 89,694 | 4,835,377 | |
Reed Elsevier NV | 590,379 | 7,790,382 | |
| |||
Shares | Value | ||
Royal DSM NV | 135,048 | $ 7,930,815 | |
SBM Offshore NV | 133,430 | 3,352,149 | |
STMicroelectronics NV | 528,896 | 6,795,006 | |
TNT NV | 312,413 | 8,206,558 | |
Unilever NV (Certificaten Van Aandelen) (Bearer) unit | 1,345,905 | 40,596,590 | |
Vopak NV | 57,491 | 2,779,195 | |
Wolters Kluwer NV (Certificaten Van Aandelen) | 243,189 | 5,745,486 | |
TOTAL NETHERLANDS | 269,810,711 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 792,511 | 1,323,753 | |
Contact Energy Ltd. | 263,505 | 1,219,306 | |
Fletcher Building Ltd. | 514,862 | 3,397,342 | |
Sky City Entertainment Group Ltd. | 587,521 | 1,436,665 | |
Telecom Corp. of New Zealand Ltd. | 1,648,564 | 2,595,371 | |
TOTAL NEW ZEALAND | 9,972,437 | ||
Norway - 0.7% | |||
Aker Solutions ASA | 142,000 | 3,005,197 | |
DnB NOR ASA | 804,449 | 12,441,784 | |
Norsk Hydro ASA | 750,952 | 6,182,717 | |
Orkla ASA (A Shares) | 641,445 | 5,842,462 | |
Renewable Energy Corp. ASA (a)(d) | 395,674 | 1,377,966 | |
StatoilHydro ASA | 931,631 | 24,602,865 | |
Telenor ASA | 700,941 | 11,623,305 | |
Yara International ASA | 158,167 | 8,386,724 | |
TOTAL NORWAY | 73,463,020 | ||
Portugal - 0.2% | |||
Banco Comercial Portugues SA (Reg.) (d) | 2,465,087 | 2,197,576 | |
Banco Espirito Santo SA (Reg.) (d) | 452,959 | 2,050,274 | |
Brisa Auto-Estradas de Portugal SA | 182,312 | 1,312,045 | |
Cimpor-Cimentos de Portugal SGPS SA | 177,684 | 1,229,698 | |
Energias de Portugal SA | 1,504,566 | 5,705,675 | |
Galp Energia SGPS SA Class B | 200,563 | 4,172,412 | |
Jeronimo Martins SGPS SA | 189,368 | 3,036,630 | |
Portugal Telecom SGPS SA (Reg.) | 479,586 | 5,594,831 | |
TOTAL PORTUGAL | 25,299,141 | ||
Singapore - 1.4% | |||
Ascendas Real Estate Investment Trust (A-REIT) | 1,220,183 | 1,918,828 | |
CapitaLand Ltd. | 2,121,437 | 5,437,871 | |
CapitaMall Trust | 1,907,200 | 2,714,288 | |
CapitaMalls Asia Ltd. | 1,100,000 | 1,487,655 | |
City Developments Ltd. | 434,000 | 3,808,335 | |
ComfortDelgro Corp. Ltd. | 1,519,784 | 1,852,229 | |
Cosco Corp. Singapore Ltd. | 802,000 | 1,235,981 | |
DBS Group Holdings Ltd. | 1,434,986 | 15,999,451 | |
Fraser & Neave Ltd. | 794,150 | 3,503,052 | |
Global Logistic Properties Ltd. | 1,300,000 | 1,942,129 | |
Jardine Cycle & Carriage Ltd. | 97,267 | 2,575,839 | |
Keppel Corp. Ltd. | 1,056,000 | 9,349,395 | |
Common Stocks - continued | |||
Shares | Value | ||
Singapore - continued | |||
Keppel Land Ltd. | 646,000 | $ 2,143,513 | |
Neptune Orient Lines Ltd. | 946,750 | 1,526,056 | |
Olam International Ltd. | 941,800 | 2,058,660 | |
Oversea-Chinese Banking Corp. Ltd. | 2,156,896 | 15,619,604 | |
SembCorp Industries Ltd. | 821,130 | 3,073,265 | |
SembCorp Marine Ltd. | 664,800 | 2,796,572 | |
Singapore Airlines Ltd. | 435,425 | 4,663,067 | |
Singapore Exchange Ltd. | 679,000 | 4,217,723 | |
Singapore Press Holdings Ltd. | 1,258,021 | 3,837,963 | |
Singapore Technologies Engineering Ltd. | 1,329,161 | 3,333,876 | |
Singapore Telecommunications Ltd. | 6,603,827 | 15,421,738 | |
StarHub Ltd. | 470,000 | 968,234 | |
United Overseas Bank Ltd. | 1,022,038 | 14,513,293 | |
UOL Group Ltd. | 414,984 | 1,455,283 | |
Wilmar International Ltd. | 1,595,000 | 6,383,512 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,550,000 | 2,181,554 | |
TOTAL SINGAPORE | 136,018,966 | ||
Spain - 3.5% | |||
Abertis Infraestructuras SA | 237,670 | 4,775,456 | |
Acerinox SA | 115,061 | 2,183,283 | |
Actividades de Construccion y Servicios SA (ACS) | 115,011 | 5,276,486 | |
Amadeus IT Holding SA Class A (a) | 168,000 | 3,265,466 | |
Banco Bilbao Vizcaya Argentaria SA | 3,536,506 | 43,598,029 | |
Banco de Sabadell SA (d) | 1,077,899 | 4,679,677 | |
Banco de Valencia SA (d) | 162,862 | 820,336 | |
Banco Popular Espanol SA | 711,645 | 4,302,449 | |
Banco Santander SA | 6,933,089 | 85,361,496 | |
Bankinter SA (d) | 236,978 | 1,563,529 | |
Cintra Concesiones de Infrastructuras de Transporte SA | 359,698 | 4,326,973 | |
Criteria CaixaCorp, SA | 742,672 | 5,375,534 | |
EDP Renovaveis SA (a) | 178,742 | 1,072,988 | |
Enagas SA | 137,306 | 2,939,818 | |
Fomento Construcciones y Contratas SA (FOCSA) | 47,273 | 1,508,926 | |
Gas Natural SDG SA | 265,044 | 4,528,118 | |
Gestevision Telecinco SA | 136,367 | 1,711,368 | |
Grifols SA | 122,864 | 2,000,717 | |
Grupo Acciona SA | 19,624 | 1,908,948 | |
Iberdrola Renovables SA | 714,021 | 2,682,120 | |
Iberdrola SA | 3,422,358 | 29,862,606 | |
Inditex SA | 180,749 | 13,085,288 | |
Indra Sistemas SA | 78,493 | 1,527,317 | |
International Consolidated Airlines Group SA (a) | 847,110 | 3,091,980 | |
Mapfre SA (Reg.) | 625,214 | 2,322,645 | |
Red Electrica Corporacion SA | 84,232 | 4,533,366 | |
Repsol YPF SA | 603,360 | 20,254,920 | |
Telefonica SA | 3,404,658 | 86,563,844 | |
Zardoya Otis SA | 115,181 | 1,796,133 | |
TOTAL SPAIN | 346,919,816 | ||
| |||
Shares | Value | ||
Sweden - 3.0% | |||
Alfa Laval AB | 279,207 | $ 5,700,666 | |
ASSA ABLOY AB (B Shares) | 254,592 | 7,127,780 | |
Atlas Copco AB: | |||
(A Shares) | 547,699 | 13,759,826 | |
(B Shares) | 333,115 | 7,569,301 | |
Boliden AB | 251,106 | 5,360,861 | |
Electrolux AB (B Shares) | 198,138 | 4,968,429 | |
Getinge AB (B Shares) | 165,532 | 4,043,646 | |
H&M Hennes & Mauritz AB (B Shares) | 849,556 | 27,769,186 | |
Hexagon AB (B Shares) (d) | 199,927 | 4,410,305 | |
Holmen AB (B Shares) | 40,816 | 1,435,974 | |
Husqvarna AB (B Shares) | 325,090 | 2,618,030 | |
Industrivarden AB Series C | 80,000 | 1,393,370 | |
Investment AB Kinnevik | 185,900 | 4,168,392 | |
Investor AB (B Shares) | 379,485 | 8,730,819 | |
Modern Times Group MTG AB (B Shares) | 47,900 | 3,203,998 | |
Nordea Bank AB | 2,218,709 | 25,225,143 | |
Ratos AB (B Shares) | 81,000 | 3,023,662 | |
Sandvik AB | 847,582 | 16,261,433 | |
Scania AB (B Shares) | 267,012 | 5,953,417 | |
Securitas AB (B Shares) | 280,181 | 3,273,944 | |
Skandinaviska Enskilda Banken AB | 1,193,853 | 10,858,608 | |
Skanska AB (B Shares) | 322,366 | 6,622,582 | |
SKF AB (B Shares) | 315,097 | 8,781,926 | |
SSAB Svenskt Stal AB (A Shares) | 154,049 | 2,417,943 | |
Svenska Cellulosa AB (SCA) (B Shares) | 478,881 | 7,917,263 | |
Svenska Handelsbanken AB (A Shares) | 400,972 | 13,537,004 | |
Swedbank AB (A Shares) | 588,890 | 10,368,355 | |
Swedish Match Co. | 194,122 | 6,130,636 | |
Tele2 AB (B Shares) | 254,828 | 5,814,546 | |
Telefonaktiebolaget LM Ericsson | 2,502,745 | 32,149,045 | |
TeliaSonera AB | 1,864,043 | 15,673,874 | |
TeliaSonera AB rights 3/25/11 (a) | 1,864,043 | 105,651 | |
Volvo AB (B Shares) | 1,141,768 | 19,760,104 | |
TOTAL SWEDEN | 296,135,719 | ||
Switzerland - 7.6% | |||
ABB Ltd. (Reg.) | 1,852,970 | 45,378,928 | |
Actelion Ltd. (a) | 88,740 | 4,924,428 | |
Adecco SA (Reg.) | 103,808 | 6,989,817 | |
ARYZTA AG | 76,685 | 3,582,678 | |
Baloise Holdings AG | 41,771 | 4,514,569 | |
Compagnie Financiere Richemont SA Series A | 438,368 | 25,081,284 | |
Credit Suisse Group | 930,307 | 43,031,688 | |
GAM Holding Ltd. (a) | 185,897 | 3,361,935 | |
Geberit AG (Reg.) | 34,203 | 7,382,207 | |
Givaudan SA | 7,095 | 7,072,469 | |
Holcim Ltd. (Reg.) | 212,292 | 15,585,677 | |
Julius Baer Group Ltd. | 180,991 | 8,114,834 | |
Kuehne & Nagel International AG | 46,531 | 6,256,227 | |
Common Stocks - continued | |||
Shares | Value | ||
Switzerland - continued | |||
Lindt & Spruengli AG | 95 | $ 2,974,918 | |
Lindt & Spruengli AG (participation certificate) | 770 | 2,140,201 | |
Logitech International SA (Reg.) (a)(d) | 162,635 | 3,093,558 | |
Lonza Group AG | 38,290 | 3,239,780 | |
Nestle SA | 2,900,535 | 164,237,198 | |
Novartis AG | 1,755,190 | 98,651,694 | |
Pargesa Holding SA | 24,651 | 2,274,171 | |
Roche Holding AG (participation certificate) | 584,709 | 88,183,143 | |
Schindler Holding AG: | |||
(participation certificate) | 43,108 | 4,858,612 | |
(Reg.) | 19,150 | 2,172,786 | |
SGS Societe Generale de Surveillance Holding SA (Reg.) | 4,774 | 8,309,982 | |
Sika AG (Bearer) | 1,700 | 3,641,746 | |
Sonova Holding AG Class B | 39,761 | 5,290,338 | |
Straumann Holding AG | 8,205 | 2,016,472 | |
Swiss Life Holding AG | 25,557 | 4,225,798 | |
Swiss Reinsurance Co. | 292,921 | 17,941,983 | |
Swisscom AG | 20,376 | 8,997,508 | |
Syngenta AG (Switzerland) | 78,941 | 26,521,369 | |
The Swatch Group AG: | |||
(Bearer) | 25,180 | 10,720,372 | |
(Reg.) | 41,574 | 3,231,221 | |
Transocean, Inc. (a) | 264,800 | 21,749,545 | |
UBS AG (a) | 3,024,900 | 60,032,109 | |
Zurich Financial Services AG | 123,382 | 35,821,223 | |
TOTAL SWITZERLAND | 761,602,468 | ||
United Kingdom - 20.2% | |||
3i Group PLC | 803,097 | 4,077,749 | |
Admiral Group PLC | 168,217 | 4,619,341 | |
Aggreko PLC | 213,100 | 5,013,401 | |
AMEC PLC | 265,842 | 5,031,032 | |
Anglo American PLC (United Kingdom) | 1,093,164 | 59,246,985 | |
Antofagasta PLC | 330,634 | 7,563,487 | |
ARM Holdings PLC | 1,058,000 | 10,573,141 | |
Associated British Foods PLC | 290,876 | 4,570,779 | |
AstraZeneca PLC (United Kingdom) | 1,193,765 | 58,420,870 | |
Autonomy Corp. PLC (a) | 182,182 | 4,866,576 | |
Aviva PLC | 2,322,442 | 17,630,554 | |
Babcock International Group PLC | 290,000 | 2,645,095 | |
BAE Systems PLC | 2,894,679 | 15,479,066 | |
Balfour Beatty PLC | 540,165 | 3,069,404 | |
Barclays PLC | 9,633,489 | 50,000,461 | |
BG Group PLC | 2,821,328 | 68,645,295 | |
BHP Billiton PLC | 1,828,818 | 72,502,218 | |
BP PLC | 15,647,414 | 126,159,805 | |
British American Tobacco PLC (United Kingdom) | 1,653,049 | 66,235,928 | |
British Land Co. PLC | 744,416 | 7,062,152 | |
British Sky Broadcasting Group PLC | 952,105 | 12,182,602 | |
| |||
Shares | Value | ||
BT Group PLC | 6,344,194 | $ 18,846,049 | |
Bunzl PLC | 272,675 | 3,369,298 | |
Burberry Group PLC | 358,363 | 6,985,907 | |
Cable & Wireless Worldwide PLC | 2,009,153 | 2,347,039 | |
Cairn Energy PLC (a) | 1,166,950 | 8,103,307 | |
Capita Group PLC | 490,019 | 5,780,040 | |
Capital Shopping Centr Group PLC | 460,862 | 2,961,953 | |
Carnival PLC | 148,101 | 6,621,469 | |
Centrica PLC | 4,255,246 | 23,529,450 | |
Cobham PLC | 916,189 | 3,359,016 | |
Compass Group PLC | 1,568,355 | 14,113,752 | |
Diageo PLC | 2,078,732 | 40,645,464 | |
Essar Energy PLC | 275,500 | 2,315,755 | |
Eurasian Natural Resources Corp. PLC | 215,626 | 3,381,301 | |
FirstGroup PLC | 395,332 | 2,344,754 | |
Fresnillo PLC | 152,583 | 3,954,349 | |
G4S PLC (United Kingdom) | 1,159,030 | 4,974,840 | |
GlaxoSmithKline PLC | 4,310,917 | 82,764,301 | |
Hammerson PLC | 579,953 | 4,394,934 | |
Home Retail Group PLC | 669,555 | 2,400,354 | |
HSBC Holdings PLC (United Kingdom) | 14,716,149 | 162,091,260 | |
ICAP PLC | 445,888 | 3,773,349 | |
Imperial Tobacco Group PLC | 842,417 | 27,036,766 | |
Inmarsat PLC | 348,948 | 3,801,159 | |
InterContinental Hotel Group PLC | 229,299 | 5,099,854 | |
International Power PLC | 1,242,852 | 6,755,170 | |
Intertek Group PLC | 125,000 | 3,666,292 | |
Invensys PLC | 640,572 | 3,701,399 | |
Investec PLC | 405,749 | 3,117,681 | |
ITV PLC (a) | 3,030,300 | 4,296,181 | |
J Sainsbury PLC | 999,073 | 6,172,503 | |
Johnson Matthey PLC | 170,017 | 5,127,631 | |
Kazakhmys PLC | 175,958 | 4,131,014 | |
Kingfisher PLC | 1,914,401 | 7,918,273 | |
Land Securities Group PLC | 634,386 | 7,905,807 | |
Legal & General Group PLC | 4,954,001 | 9,568,701 | |
Lloyds Banking Group PLC (a) | 33,738,366 | 34,075,485 | |
London Stock Exchange Group PLC | 118,982 | 1,741,022 | |
Lonmin PLC | 131,376 | 3,921,653 | |
Man Group PLC | 1,411,626 | 6,593,800 | |
Marks & Spencer Group PLC | 1,264,608 | 7,122,202 | |
National Grid PLC | 2,992,552 | 27,811,784 | |
Next PLC | 148,635 | 4,775,166 | |
Old Mutual PLC | 4,477,652 | 9,573,188 | |
Pearson PLC | 667,422 | 11,385,069 | |
Prudential PLC | 2,120,554 | 24,532,932 | |
Reckitt Benckiser Group PLC | 512,423 | 26,409,997 | |
Reed Elsevier PLC | 1,005,004 | 8,974,380 | |
Rexam PLC | 728,112 | 4,320,873 | |
Rio Tinto PLC | 1,206,631 | 84,977,381 | |
Rolls-Royce Group PLC | 1,535,830 | 15,406,670 | |
Royal & Sun Alliance Insurance Group PLC | 2,898,215 | 6,606,312 | |
Royal Bank of Scotland Group PLC (a) | 14,316,903 | 10,503,128 | |
Common Stocks - continued | |||
Shares | Value | ||
United Kingdom - continued | |||
Royal Dutch Shell PLC: | |||
Class A (United Kingdom) | 3,000,783 | $ 107,895,172 | |
Class B | 2,227,026 | 79,622,244 | |
SABMiller PLC | 791,290 | 26,663,103 | |
Sage Group PLC | 1,104,867 | 5,107,017 | |
Schroders PLC | 98,223 | 2,860,153 | |
Scottish & Southern Energy PLC | 759,011 | 15,289,731 | |
Segro PLC | 590,052 | 3,089,062 | |
Serco Group PLC | 395,058 | 3,497,351 | |
Severn Trent PLC | 187,855 | 4,541,656 | |
Smith & Nephew PLC | 731,164 | 8,470,409 | |
Smiths Group PLC | 322,387 | 7,007,924 | |
Standard Chartered PLC (United Kingdom) | 1,952,529 | 51,649,429 | |
Standard Life PLC | 1,864,723 | 7,242,874 | |
Tesco PLC | 6,621,163 | 43,512,202 | |
The Weir Group PLC | 175,000 | 4,876,737 | |
Thomas Cook Group PLC | 658,888 | 2,025,740 | |
TUI Travel PLC | 452,347 | 1,783,462 | |
Tullow Oil PLC | 736,712 | 17,200,167 | |
Unilever PLC | 1,065,495 | 31,594,552 | |
United Utilities Group PLC | 555,005 | 5,341,941 | |
Vedanta Resources PLC | 107,254 | 4,200,788 | |
Vodafone Group PLC | 43,800,945 | 124,370,371 | |
Whitbread PLC | 151,353 | 4,385,097 | |
Wm Morrison Supermarkets PLC | 1,734,360 | 7,805,232 | |
Wolseley PLC (a) | 231,753 | 8,067,194 | |
Xstrata PLC | 1,728,217 | 39,477,994 | |
TOTAL UNITED KINGDOM | 2,019,260,957 | ||
United States of America - 0.1% | |||
Synthes, Inc. | 52,105 | 7,151,502 | |
TOTAL COMMON STOCKS (Cost $9,220,005,636) | 9,677,765,671 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
|
|
|
|
France - 0.2% | |||
Air Liquide SA (a) | 140,354 | 18,169,920 | |
Germany - 0.4% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 41,041 | 2,212,225 | |
Henkel AG & Co. KGaA | 144,841 | 8,726,786 | |
Porsche Automobil Holding SE | 74,404 | 5,895,743 | |
ProSiebenSat.1 Media AG | 62,000 | 2,005,954 | |
RWE AG (non-vtg.) (d) | 32,253 | 2,074,126 | |
Volkswagen AG | 141,000 | 23,913,882 | |
TOTAL GERMANY | 44,828,716 | ||
| |||
Shares | Value | ||
Italy - 0.1% | |||
Telecom Italia SpA (Risparmio Shares) | 4,967,811 | $ 6,575,415 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $51,858,870) | 69,574,051 | ||
Government Obligations - 0.2% | ||||
| Principal Amount |
| ||
United States of America - 0.2% | ||||
U.S. Treasury Bills, yield at date of purchase 0.14% to 0.19% 3/24/11 to 8/25/11 (e) | $ 17,000,000 | 16,993,464 | ||
Money Market Funds - 3.0% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.19% (b) | 216,030,215 | 216,030,215 | |
Fidelity Securities Lending Cash Central Fund, 0.21% (b)(c) | 88,401,088 | 88,401,088 | |
TOTAL MONEY MARKET FUNDS (Cost $304,431,303) | 304,431,303 | ||
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $9,593,288,720) | 10,068,764,489 | ||
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (73,148,136) | ||
NET ASSETS - 100% | $ 9,995,616,353 | ||
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/(Depreciation) | |||
Purchased | |||||
Equity Index Contracts | |||||
99 CAC 40 10 Euro Contracts (France) | March 2011 | $ 5,615,082 | $ 11,423 | ||
20 CME E-mini MSCI EAFE Index Contracts | March 2011 | 1,758,100 | 59,619 | ||
60 CME Nikkei 225 Index Contracts (Japan) | March 2011 | 3,915,037 | 67,751 | ||
25 DAX 100 Index Contracts (Germany) | March 2011 | 6,275,119 | 187,594 | ||
1,425 Dow Jones Euro Stoxx 50 Index Contracts (Germany) | March 2011 | 59,250,645 | 2,574,245 | ||
631 FTSE 100 Index Contracts (United Kingdom) | March 2011 | 61,282,815 | 975,642 | ||
Futures Contracts - continued | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/ | |||
Purchased - continued | |||||
Equity Index Contracts - continued | |||||
20 FTSE MIB Index Contracts (Italy) | March 2011 | $ 3,101,964 | $ 166,414 | ||
63 Hang Seng Index Contracts (Hong Kong) | March 2011 | 9,423,305 | 155,048 | ||
9 IBEX 35 Index Contracts (Spain) | March 2011 | 1,347,508 | 6,413 | ||
80 MSCI Index Contracts (Singapore) | March 2011 | 4,448,498 | (21,764) | ||
550 OMX Stockholm 30 Index Contracts (Sweden) | March 2011 | 9,816,078 | 2,712 | ||
212 SFE SPI 200 Index Contracts (Australia) | March 2011 | 26,044,595 | 129,620 | ||
488 TOPIX 150 Index Contracts (Japan) | March 2011 | 56,734,475 | 3,493,381 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 249,013,221 | $ 7,808,098 | |||
|
The face value of futures purchased as a percentage of net assets is 2.5% |
Forward Foreign Currency Contracts | |||||
Settlement Dates | Value | Unrealized Appreciation/ | |||
Contracts to Buy | |||||
23,900,000 AUD | March 2011 | $ 24,308,671 | $ 922,670 | ||
55,300,000 EUR | March 2011 | 76,307,365 | 2,683,108 | ||
38,100,000 GBP | March 2011 | 61,940,355 | 1,755,001 | ||
4,980,000,000 JPY | March 2011 | 60,882,890 | 1,399,292 | ||
63,600,000 SEK | March 2011 | 10,038,441 | 618,207 | ||
| $ 233,477,722 | $ 7,378,278 | |||
|
(Payable Amount $226,099,444) |
|
The value of contracts to buy as a percentage of net assets - 2.3% |
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 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 $15,993,886. |
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 | $ 287,776 |
Fidelity Securities Lending Cash Central Fund | 1,985,029 |
Total | $ 2,272,805 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2011, 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 Security 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: | ||||
Japan | $ 2,148,878,747 | $ 449,376,861 | $ 1,699,501,886 | $ - |
United Kingdom | 2,019,260,957 | 855,351,848 | 1,163,909,109 | - |
France | 916,697,265 | 690,037,909 | 226,659,356 | - |
Australia | 822,058,214 | - | 822,058,214 | - |
Germany | 812,501,675 | 812,501,675 | - | - |
Switzerland | 761,602,468 | 487,986,680 | 273,615,788 | - |
Spain | 346,919,816 | 111,141,527 | 235,778,289 | - |
Sweden | 296,135,719 | 263,881,023 | 32,254,696 | - |
Netherlands | 269,810,711 | 130,172,411 | 139,638,300 | - |
Austria | 32,914,634 | 32,914,618 | - | 16 |
Ireland | 25,434,287 | 4,203,825 | 21,230,457 | 5 |
Malta | 80 | - | - | 80 |
Other | 1,295,125,149 | 967,570,184 | 327,554,965 | - |
Government Obligations | 16,993,464 | - | 16,993,464 | - |
Money Market Funds | 304,431,303 | 304,431,303 | - | - |
Total Investments in Securities: | $ 10,068,764,489 | $ 5,109,569,864 | $ 4,959,194,524 | $ 101 |
Derivative Instruments: | ||||
Assets | ||||
Forward Foreign Currency Contracts | $ 7,378,278 | $ - | $ 7,378,278 | $ - |
Futures Contracts | 7,829,862 | 7,829,862 | - | - |
Total Assets | $ 15,208,140 | $ 7,829,862 | $ 7,378,278 | $ - |
Liabilities | ||||
Futures Contracts | $ (21,764) | $ (21,764) | $ - | $ - |
Total Derivative Instruments: | $ 15,186,376 | $ 7,808,098 | $ 7,378,278 | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 2,868,819 |
Total Realized Gain (Loss) | - |
Total Unrealized Gain (Loss) | (52,900) |
Cost of Purchases | - |
Proceeds of Sales | - |
Amortization/Accretion | - |
Transfers in to Level 3 | 52,922 |
Transfers out of Level 3 | (2,868,740) |
Ending Balance | $ 101 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 28, 2011 | $ (52,900) |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by risk exposure as of February 28, 2011. 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 (b) | $ 7,829,862 | $ (21,764) |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | 7,378,278 | - |
Total Value of Derivatives | $ 15,208,140 | $ (21,764) |
(a) Value is disclosed on the Statement of Assets and Liabilities in the Unrealized Appreciation and Unrealized Depreciation on 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. |
Income Tax Information |
At February 28, 2011, the Fund had a capital loss carryforward of approximately $318,335,685 of which $119,933,607, $148,608,684 and $49,793,394 will expire in fiscal 2017, 2018 and 2019, respectively. Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. |
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, 2011 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $84,296,001) - See accompanying schedule: Unaffiliated issuers (cost $9,288,857,417) | $ 9,764,333,186 |
|
Fidelity Central Funds (cost $304,431,303) | 304,431,303 |
|
Total Investments (cost $9,593,288,720) |
| $ 10,068,764,489 |
Foreign currency held at value (cost $11,317,042) | 11,440,714 | |
Receivable for investments sold | 9,251,713 | |
Unrealized appreciation on foreign currency contracts | 7,378,278 | |
Receivable for closed foreign currency contracts | 89,009 | |
Receivable for fund shares sold | 11,467,071 | |
Dividends receivable | 25,736,427 | |
Distributions receivable from Fidelity Central Funds | 119,654 | |
Receivable for daily variation on futures contracts | 1,974,651 | |
Receivable from investment adviser for expense reductions | 836,359 | |
Other receivables | 1,757 | |
Total assets | 10,137,060,122 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 34,885,982 | |
Payable for fund shares redeemed | 16,589,969 | |
Accrued management fee | 1,395,481 | |
Other affiliated payables | 171,249 | |
Collateral on securities loaned, at value | 88,401,088 | |
Total liabilities | 141,443,769 | |
|
|
|
Net Assets | $ 9,995,616,353 | |
Net Assets consist of: |
| |
Paid in capital | $ 9,862,382,780 | |
Undistributed net investment income | 19,160,149 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (377,471,031) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 491,544,455 | |
Net Assets | $ 9,995,616,353 | |
|
|
|
Investor Class: Net Asset Value, offering price and redemption price per share ($6,932,646,835 ÷ 185,907,146 shares) | $ 37.29 | |
|
|
|
Fidelity Advantage Class: Net Asset Value, offering price and redemption price per share ($3,062,969,518 ÷ 82,134,030 shares) | $ 37.29 | |
Statement of Operations
| Year ended February 28, 2011 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 269,268,181 |
Interest |
| 39,752 |
Income from Fidelity Central Funds (including $1,985,029 from security lending) |
| 2,272,805 |
Income before foreign taxes withheld |
| 271,580,738 |
Less foreign taxes withheld |
| (21,215,161) |
Total income |
| 250,365,577 |
|
|
|
Expenses | ||
Management fee | $ 14,523,296 | |
Transfer agent fees | 1,832,170 | |
Independent trustees' compensation | 46,321 | |
Interest | 630 | |
Miscellaneous | 31,218 | |
Total expenses before reductions | 16,433,635 | |
Expense reductions | (8,608,364) | 7,825,271 |
Net investment income (loss) | 242,540,306 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | (57,970,673) | |
Foreign currency transactions | (7,427,809) | |
Futures contracts | (4,061,438) | |
Total net realized gain (loss) |
| (69,459,920) |
Change in net unrealized appreciation (depreciation) on: Investment securities | 1,478,773,696 | |
Assets and liabilities in foreign currencies | 10,977,358 | |
Futures contracts | 8,579,863 | |
Total change in net unrealized appreciation (depreciation) |
| 1,498,330,917 |
Net gain (loss) | 1,428,870,997 | |
Net increase (decrease) in net assets resulting from operations | $ 1,671,411,303 | |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 242,540,306 | $ 170,279,095 |
Net realized gain (loss) | (69,459,920) | (16,794,816) |
Change in net unrealized appreciation (depreciation) | 1,498,330,917 | 2,073,980,180 |
Net increase (decrease) in net assets resulting from operations | 1,671,411,303 | 2,227,464,459 |
Distributions to shareholders from net investment income | (211,805,947) | (164,471,456) |
Distributions to shareholders from net realized gain | (7,823,964) | (26,981,713) |
Total distributions | (219,629,911) | (191,453,169) |
Share transactions - net increase (decrease) | 876,645,901 | 1,776,273,606 |
Redemption fees | 663,525 | 598,195 |
Total increase (decrease) in net assets | 2,329,090,818 | 3,812,883,091 |
|
|
|
Net Assets | ||
Beginning of period | 7,666,525,535 | 3,853,642,444 |
End of period (including undistributed net investment income of $19,160,149 and undistributed net investment income of $8,732,179, respectively) | $ 9,995,616,353 | $ 7,666,525,535 |
Financial Highlights - Investor Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 | $ 37.60 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .94 | .82 | 1.30 | 1.39 | 1.03 |
Net realized and unrealized gain (loss) | 5.45 | 10.93 | (22.75) | (1.35) | 7.00 |
Total from investment operations | 6.39 | 11.75 | (21.45) | .04 | 8.03 |
Distributions from net investment income | (.81) | (.74) | (.94) | (1.19) | (.83) |
Distributions from net realized gain | (.03) | (.12) | - | (.36) | (.08) |
Total distributions | (.84) | (.86) | (.94) | (1.55) | (.91) |
Redemption fees added to paid in capital B | - G | - G | .01 | .01 | .01 |
Net asset value, end of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Total Return A | 20.34% | 56.36% | (50.03)% | (.15)% | 21.48% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .20% | .20% | .20% | .20% | .20% |
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) | 2.84% | 2.72% | 3.75% | 2.95% | 2.48% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,932,647 | $ 5,488,131 | $ 2,697,776 | $ 4,515,417 | $ 3,398,352 |
Portfolio turnover rate D | 1% | 2% | 4% | 4% | 2% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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 - Fidelity Advantage Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 | $ 37.61 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .96 | .83 | 1.31 | 1.41 | 1.04 |
Net realized and unrealized gain (loss) | 5.44 | 10.93 | (22.75) | (1.36) | 6.99 |
Total from investment operations | 6.40 | 11.76 | (21.44) | .05 | 8.03 |
Distributions from net investment income | (.82) | (.75) | (.95) | (1.20) | (.84) |
Distributions from net realized gain | (.03) | (.12) | - | (.36) | (.08) |
Total distributions | (.85) | (.87) | (.95) | (1.56) | (.92) |
Redemption fees added to paid in capital B | - G | - G | .01 | .01 | .01 |
Net asset value, end of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Total Return A | 20.38% | 56.40% | (50.02)% | (.12)% | 21.49% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .17% | .17% | .17% | .17% | .17% |
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) | 2.87% | 2.75% | 3.78% | 2.97% | 2.51% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,062,970 | $ 2,178,395 | $ 1,155,867 | $ 1,979,431 | $ 1,374,481 |
Portfolio turnover rate D | 1% | 2% | 4% | 4% | 2% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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
Notes to Financial Statements
For the period ended February 28, 2011
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. Each Fund offers Investor Class and Fidelity Advantage 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. 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 does not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, the Funds indirectly bear their 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) web site 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 web site 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:
Security Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Each Fund uses independent pricing services approved by the Board of Trustees to value their investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security 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 value used for net asset value (NAV) calculation under these procedures may differ from published prices for the same securities.
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)
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, 2011, as well as a roll forward of Level 3 securities, is included at the end of each Fund's Schedule of Investments. 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 an independent pricing service 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 in these circumstances. Utilizing these techniques may result in significant transfers between Level 1 and Level 2 for Spartan International Index Fund. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.
Annual Report
3. Significant Accounting Policies - continued
Security Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds and U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.
The U.S. dollar value of forward foreign currency contracts is determined using forward currency exchange rates supplied by a quotation 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 each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates fair value, and are categorized as Level 2 in the hierarchy.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Foreign Currency. Certain Funds 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 rate 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 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, including distributing substantially all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code and filing its U.S. federal tax return. As a result, no provision for income taxes is required. As of February 28, 2011, each Fund did not have any unrecognized tax benefits in the accompanying financial statements. A fund's federal tax return is subject to examination by the Internal Revenue Service (IRS) for a period of three years. 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.
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 transactions, foreign currency transactions, passive foreign investment companies (PFIC), market discount, partnerships, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
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 | $ 6,177,212,640 | $ 1,639,166,209 | $ (640,138,881) | $ 999,027,328 |
Spartan International Index | 9,639,128,098 | 1,852,445,984 | (1,422,809,593) | 429,636,391 |
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 | $ 21,518,331 | $ 54,838,769 | $ - | $ 1,003,622,662 |
Spartan International Index | 31,149,814 | - | (318,335,685) | 445,705,077 |
The tax character of distributions paid was as follows:
February 28, 2011 |
|
|
|
| Ordinary Income | Long-term Capital Gains | Total |
Spartan Extended Market Index | $ 87,345,465 | $ 24,478,627 | $ 111,824,092 |
Spartan International Index | 219,629,911 | - | 219,629,911 |
February 28, 2010 |
|
|
|
| Ordinary Income | Long-term Capital Gains | Total |
Spartan Extended Market Index | $ 45,167,283 | $ - | $ 45,167,283 |
Spartan International Index | 191,453,169 | - | 191,453,169 |
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.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Funds used derivative instruments (derivatives), including futures contracts and forward foreign currency contracts, in order to meet their investment objectives. The strategy is to use 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 the change in U.S. dollar value of securities denominated in other currencies due to changes in 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 sell 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. The Funds' maximum risk of loss from counterparty credit risk is generally the aggregate unrealized appreciation and unpaid counterparty fees in excess of any collateral pledged by the counterparty to the Funds. Counterparty risk related to exchange-traded futures contracts is minimal because of the protection provided by the exchange on which they trade. Risk of loss may exceed the amounts recognized in the Statement of Assets and Liabilities.
Annual Report
4. Derivative Instruments - continued
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.
Risk Exposure / Derivative Type | Net Realized | Change in Net Unrealized Appreciation (Depreciation) |
Spartan Extended Market Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ 14,396,775 | $ 947,938 |
Totals (a)(b)(c) | $ 14,396,775 | $ 947,938 |
Spartan International Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ (4,061,438) | $ 8,579,863 |
Foreign Exchange Risk |
|
|
Forward Foreign Currency Contracts | (5,597,557) | 9,938,524 |
Totals (a)(b)(c) | $ (9,658,995) | $ 18,518,387 |
(a) A summary of the value of derivatives by risk exposure as of period end, if any, is included at the end of the Schedule of Investments and is representative of activity for the period.
(b) Total derivatives net realized gain (loss) included in the Statement of Operations.
(c) Total derivatives change in net unrealized appreciation (depreciation) included in the Statement of Operations.
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 to 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). Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is included in the Statement of Operations.
The underlying face amount at value of open futures contracts at period end, if any, is shown in the Schedule of Investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument at period end. Securities deposited to meet initial margin requirements are identified in the Schedule of Investments. The receivable and/or payable for the variation margin are reflected in the Statement of Assets and Liabilities.
Certain risks arise upon entering into futures contracts, including the risk that an illiquid market limits the ability to close out a futures contract prior to settlement date.
Forward Foreign Currency Contracts. Forward foreign currency contracts (forward currency contracts) are customized transactions that require the exchange of currency at a specific exchange rate on an agreed upon future date. The Spartan International Index Fund used forward currency contracts to facilitate transactions in foreign-denominated securities and manage the risk associated with fluctuations in foreign currency exchange rates.
Forward 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. Realized gain or (loss) is recognized on settlement date. Purchases and sales of forward 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 currency contracts in the Statement of Assets and Liabilities. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward currency contracts during the period is included in the Statement of Operations.
The U.S. dollar value of any open forward currency contracts at period end, if any, is shown in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." Forward currency contracts that have been offset with different counterparties are reflected as both a contract to buy and a contract to sell.
Risks of loss include foreign exchange risk and the failure by the counterparty to perform under the terms of the agreement.
Annual Report
Notes to Financial Statements - continued
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 | 1,504,415,705 | 370,522,098 |
Spartan International Index | 892,808,516 | 92,626,466 |
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 .07% and .17% of average net assets for Spartan Extended Market Index and Spartan International Index funds, respectively. 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 the expense contract, FMR pays class-level expenses so that the total expenses do not exceed certain amounts of each class' average net assets with certain exceptions, as noted in the following table:
| Investor Class | Advantage Class |
Spartan Extended Market Index | .10% | .07% |
Spartan International Index | .20% | .17% |
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 each Fund's transfer, dividend disbursing and shareholder servicing agent. FIIOC receives asset-based fees of .06% and .03% of average net assets for each Fund's Investor Class and Fidelity Advantage Class, respectively. Under the expense contract, each Investor Class pays transfer agent fees at an annual rate of .03%, and each Fidelity Advantage Class pays no transfer agent fees. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount | % of Average |
Spartan Extended Market Index |
|
|
Investor Class | $ 1,000,295 | .03 |
Spartan International Index |
|
|
Investor Class | 1,832,170 | .03 |
Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Funds, along with other registered investment companies having management contracts with FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the Funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Each applicable Fund's activity in this program during the period for which loans were outstanding was as follows:
| Borrower or | Average Daily Loan Balance | Weighted Average Interest Rate | Interest |
Spartan International Index | Borrower | $ 47,911,000 | .47% | $ 630 |
7. Committed Line of Credit.
Certain Funds participate with other funds managed by FMR or an affiliate in a $3.75 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 | $ 15,482 |
Spartan International Index | 31,218 |
During the period, there were no borrowings on this line of credit.
Annual Report
8. Security Lending.
Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. 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 rebates paid to borrowers and 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.
9. Expense Reductions.
FMR voluntarily agreed to reimburse Spartan International Index 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.
Spartan International Index | Expense | Reimbursement |
Investor Class | .10% | $ 6,152,451 |
Fidelity Advantage Class | .07% | 2,455,810 |
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 management fees as noted in the table below.
| Management fee |
Spartan Extended Market Index | $ 543 |
Spartan International Index | 103 |
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
Years ended February 28, | 2011 | 2010 |
Spartan Extended Market Index |
|
|
From net investment income |
|
|
Investor Class | $ 35,864,371 | $ 29,262,897 |
Fidelity Advantage Class | 12,335,221 | 9,797,424 |
Total | $ 48,199,592 | $ 39,060,321 |
From net realized gain |
|
|
Investor Class | $ 47,790,092 | $ 4,601,986 |
Fidelity Advantage Class | 15,834,408 | 1,504,976 |
Total | $ 63,624,500 | $ 6,106,962 |
Spartan International Index |
|
|
From net investment income |
|
|
Investor Class | 150,910,702 | 117,657,978 |
Fidelity Advantage Class | 60,895,245 | 46,813,478 |
Total | $ 211,805,947 | $ 164,471,456 |
From net realized gain |
|
|
Investor Class | 5,595,578 | 19,398,348 |
Fidelity Advantage Class | 2,228,386 | 7,583,365 |
Total | $ 7,823,964 | $ 26,981,713 |
Annual Report
Notes to Financial Statements - continued
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | 2011 | 2010 | 2011 | 2010 |
Spartan Extended Market Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 45,435,216 | 33,452,793 | $ 1,606,154,711 | $ 881,626,046 |
Reinvestment of distributions | 2,250,162 | 1,114,152 | 82,020,497 | 33,073,153 |
Shares redeemed | (24,273,441) | (25,183,320) | (840,796,410) | (665,774,243) |
Net increase (decrease) | 23,411,937 | 9,383,625 | $ 847,378,798 | $ 248,924,956 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 14,000,658 | 10,044,631 | $ 500,866,077 | $ 270,507,842 |
Reinvestment of distributions | 688,240 | 337,164 | 25,096,206 | 9,999,936 |
Shares redeemed | (5,862,959) | (6,945,917) | (197,954,495) | (185,489,186) |
Net increase (decrease) | 8,825,939 | 3,435,878 | $ 328,007,788 | $ 95,018,592 |
Spartan International Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 59,966,903 | 76,265,531 | $ 1,980,806,749 | $ 2,328,196,896 |
Reinvestment of distributions | 4,401,698 | 4,037,994 | 152,236,260 | 128,970,411 |
Shares redeemed | (51,367,429) | (36,811,365) | (1,729,973,271) | (1,089,998,815) |
Net increase (decrease) | 13,001,172 | 43,492,160 | $ 403,069,738 | $ 1,367,168,492 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 25,911,385 | 25,931,722 | $ 881,763,381 | $ 784,875,980 |
Reinvestment of distributions | 1,516,656 | 1,406,942 | 52,438,159 | 44,852,816 |
Shares redeemed | (13,921,933) | (14,155,462) | (460,625,377) | (420,623,682) |
Net increase (decrease) | 13,506,108 | 13,183,202 | $ 473,576,163 | $ 409,105,114 |
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 positions 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, 2011, the results of each of their operations for the year then ended, the changes in each of their 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 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, 2011 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 19, 2011
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 219 funds advised by FMR or an affiliate. Mr. Curvey oversees 409 funds advised by FMR or an affiliate.
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 (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 Acting 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. 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. The responsibilities of each 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, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (75) | |
| Year of Election or Appointment: 2007 |
Ronald P. O'Hanley (54) | |
| Year of Election or Appointment: 2011 |
* 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, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (62) | |
| 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 (57) | |
| 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, Inc. (restaurant and entertainment complexes, 2010-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), The Western Union Company (global money transfer, 2006-present) and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is Chairman (2008-present) and a member (2006-present) of the Board of Trustees of The National Parks Conservation Association. |
Ned C. Lautenbach (67) | |
| 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 also a member of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (1999- |
Joseph Mauriello (66) | |
| 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) and of Arcadia Resources Inc. (health care services and products, 2007-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007). |
Cornelia M. Small (66) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors of the Teagle Foundation (2009-present). Ms. Small is also a member of the Investment Committee, and Chair (2008-present) and a member of the Board of Trustees of Smith College. In addition, Ms. Small serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson of the Investment Committee (2002-2008) 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 (71) | |
| 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 Chairman of Univar (global distributor of commodity and specialty chemicals, 2010-present), a Director of Teradata Corporation (data warehousing and technology solutions, 2008-present), Chemical Financial Corporation, Maersk Inc. (industrial conglomerate), Tyco International, Inc. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital (private equity investment, 2005-present). Mr. Stavropoulos is a special 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. |
David M. Thomas (61) | |
| 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). In addition, Mr. Thomas serves as a member of the Board of Directors of Fortune Brands, Inc. (consumer products), and Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (60) | |
| 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 each executive officer, Edward C. Johnson 3d, and Peter S. Lynch may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupation | |
Edward C. Johnson 3d (80) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Formerly Trustee and Chairman of the Board of Trustees of certain Trusts, Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC; Chairman and a Director of FMR; and Chairman and a Director of FMR Co., Inc. In addition, Mr. Johnson serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as President of FMR LLC (2006-2007). |
Peter S. Lynch (67) | |
| 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). |
Kenneth B. Robins (41) | |
| 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- |
Bruce T. Herring (45) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investments Officer of FMR. 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 (46) | |
| Year of Election or Appointment: 2009 Vice President of certain Equity Funds and Vice President of Sector 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 (43) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as 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); Deputy General Counsel of FMR LLC; Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), Fidelity Investments Money Management, Inc. (2008-present), Fidelity Management & Research (U.K.) Inc. (2008-present), and Fidelity Research and Analysis Company (2008-present). Previously, Mr. Goebel served as Assistant Secretary of the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (42) | |
| 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). |
Holly C. Laurent (56) | |
| Year of Election or Appointment: 2008 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Laurent also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Ms. Laurent was Senior Vice President and Head of Legal for Fidelity Business Services India Pvt. Ltd. (2006-2008), and Senior Vice President, Deputy General Counsel and Group Head for FMR LLC (2005-2006). |
Christine Reynolds (52) | |
| 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). |
Kenneth A. Rathgeber (63) | |
| Year of Election or Appointment: 2004 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Rathgeber is Chief Compliance Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present), Fidelity Management & Research (Japan) Inc. (2008-present), FMR (2005-present), FMR Co., Inc. (2005-present), Fidelity Management & Research (U.K.) Inc. (2005-present), Fidelity Research & Analysis Company (2005-present), Fidelity Investments Money Management, Inc. (2005-present), Pyramis Global Advisors, LLC (2005-present), and Strategic Advisers, Inc. (2005-present). |
Jeffrey S. Christian (49) | |
| Year of Election or Appointment: 2009 Deputy Treasurer of the Fidelity funds. Mr. Christian is an employee of Fidelity Investments. Previously, Mr. Christian served as Chief Financial Officer (2008-2009) of certain Fidelity funds and Senior Vice President of Fidelity Pricing and Cash Management Services (FPCMS) (2004-2009). |
Bryan A. Mehrmann (49) | |
| Year of Election or Appointment: 2005 Deputy Treasurer of the Fidelity funds. Mr. Mehrmann is an employee of Fidelity Investments. |
Adrien E. Deberghes (43) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Assistant Treasurer of other Fidelity funds (2010-present) 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). |
Stephanie J. Dorsey (41) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as Deputy Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (52) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (52) | |
| 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 (42) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. 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 | 04/18/11 | 04/15/11 | $0.10500 | $0.00 |
Fidelity Advantage Class | 04/18/11 | 04/15/11 | $0.10875 | $0.00 |
Spartan Extended Market Index Fund |
|
|
|
|
Investor Class | 04/18/11 | 04/15/11 | $0.05500 | $0.455 |
Fidelity Advantage Class | 04/18/11 | 04/15/11 | $0.05896 | $0.455 |
Spartan International Index Fund |
|
|
|
|
Investor Class | 04/18/11 | 04/15/11 | $0.10000 | $0.02 |
Fidelity Advantage Class | 04/18/11 | 04/15/11 | $0.10325 | $0.02 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended February 28, 2011, or, if subsequently determined to be different, the net capital gain of such year.
Spartan Extended Market Index Fund | $73,007,182 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:
| April 2010 | December 2010 |
Spartan Total Market Index Fund |
|
|
Investor Class | 80% | 93% |
Fidelity Advantage Class | 78% | 92% |
Spartan Extended Market Index Fund |
|
|
Investor Class | 12% | 59% |
Fidelity Advantage Class | 12% | 58% |
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 2010 | December 17, 2010 | December 30, 2010 |
Spartan Total Market Index Fund |
|
|
|
Investor Class | 84% | 98% | 0% |
Fidelity Advantage Class | 81% | 96% | 0% |
Spartan Extended Market Index Fund |
|
|
|
Investor Class | 12% | 64% | 0% |
Fidelity Advantage Class | 11% | 63% | 0% |
Spartan International Index Fund |
|
|
|
Investor Class | 100% | 93% | 93% |
Fidelity Advantage Class | 96% | 92% | 92% |
Annual Report
Distributions (Unaudited) - continued
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 | 04/19/10 | $.035 | $.0055 |
Investor Class | 12/20/10 | $.441 | $.0665 |
Investor Class | 12/31/10 | $.016 | $.0000 |
Fidelity Advantage Class | 04/19/10 | $.039 | $.0055 |
Fidelity Advantage Class | 12/20/10 | $.445 | $.0665 |
Fidelity Advantage Class | 12/31/10 | $.016 | $.0000 |
The funds will notify shareholders in January 2012 of amounts for use in preparing 2011 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Adviser
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
Boston, MA
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-0411
1.790918.107
Spartan® Total Market Index
Fund
Class F
Annual Report
(2_fidelity_logos) (Registered_Trademark)
February 28, 2011
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 | |
Investments | A complete list of the fund's investments with their | |
Financial Statements | Statements of assets and liabilities, operations, and | |
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.
Geode is a registered trademark of Geode Capital Management, LLC.
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.
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, 2011 | Past 1 | Past 5 | Past 10 |
Class F A | 24.43% | 3.42% | 3.69% |
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, 2001. 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: Steady economic growth, encouraging monetary policy, improving credit-market conditions, an uptick in merger-and-acquisition activity and better-than-expected corporate earnings propelled U.S. stock markets forward during the 12-month period ending February 28, 2011. Uncertainty over the global effects of the debt crisis in Europe and China's attempt to rein in its economy plagued equities during the spring, but markets reacted positively to the Federal Reserve's second round of quantitative easing and, later in the year, stimulative federal tax policies. For the full year, the S&P 500® Index advanced 22.57%, with all but one of the 10 major sectors tracked by MSCI U.S. Investable Market classifications delivering a double-digit gain. While cyclically oriented sectors benefited from an overall improving economy, less economically sensitive sectors fell short of the broad market. Energy and materials stocks performed best, while the health care and consumer staples groups struggled the most.
Comments from Patrick Waddell, member of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the 12 months, the fund's Class F shares returned 24.43%, in line with the 24.51% return of the benchmark Dow Jones U.S. Total Stock Market IndexSM. Every sector of the Dow Jones index generated a positive result, and only health care, which gained more than 9%, failed to achieve a double-digit return. The top-performing group was energy, whose roughly 43% increase was helped by the rising price of oil. Materials, consumer discretionary, industrials and telecommunication services turned in gains of about 34%, 33%, 32% and 29%, respectively. The index's largest weighting, information technology, beat the Dow Jones index by about a percentage point. Several sectors besides health care - consumer staples, financials and utilities - lagged the index. In a very favorable environment for stocks, there were many more sources of positive performance. The largest positions in the index - Exxon Mobil and Apple, respectively - were the second-biggest and biggest contributors, respectively. Exxon Mobil, along with other energy production giants Chevron and ConocoPhillips, as well as oil-field services company Schlumberger, benefited from the rising price of oil. Apple, a personal computer and consumer-electronics manufacturer, continued to impress Wall Street analysts with strong sales of its leading products - iPod® digital music players, iPhone® mobile telephones, Macintosh® computers, and, most recently, iPad® tablet computers. Also in technology, consulting firm International Business Machines, mobile communications technology manufacturer QUALCOMM and database-software maker Oracle all gained substantial ground, as did telecommunications service provider Verizon Communications. On the negative side, several technology stocks did not perform well, especially Cisco Systems, Hewlett-Packard and Microsoft. Shares of network-communications company Cisco fell sharply in November after the firm revised its earnings and sales forecast downward. HP lost significant ground in August, following the unexpected resignation of the company's CEO. Software giant Microsoft struggled to manage a challenging competitive environment. Elsewhere, two health care stocks lagged - pharmaceutical maker Merck and biotechnology company Gilead Sciences - while in financials, Bank of America hurt performance.
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, 2010 to February 28, 2011).
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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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 | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.30 | $ .57 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage® Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.10 | $ .40 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
Class F | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,293.10 | $ .40 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
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, 2011 | ||
| % of fund's | % of fund's net assets |
Exxon Mobil Corp. | 2.9 | 2.6 |
Apple, Inc. | 2.1 | 1.9 |
General Electric Co. | 1.5 | 1.3 |
Chevron Corp. | 1.4 | 1.3 |
Microsoft Corp. | 1.4 | 1.6 |
International Business Machines Corp. | 1.3 | 1.4 |
JPMorgan Chase & Co. | 1.2 | 1.3 |
Procter & Gamble Co. | 1.2 | 1.5 |
Johnson & Johnson | 1.1 | 1.4 |
AT&T, Inc. | 1.1 | 1.4 |
| 15.2 | |
Market Sectors as of February 28, 2011 | ||
| % of fund's | % of fund's net assets |
Information Technology | 18.3 | 17.8 |
Financials | 16.6 | 16.6 |
Energy | 11.9 | 10.0 |
Industrials | 11.2 | 10.6 |
Consumer Discretionary | 11.2 | 10.9 |
Health Care | 10.9 | 11.7 |
Consumer Staples | 8.6 | 10.2 |
Materials | 4.2 | 4.0 |
Utilities | 3.2 | 4.0 |
Telecommunication Services | 2.6 | 3.0 |
Percentages are adjusted for the effect of futures contracts, if applicable.
Annual Report
Spartan Total Market Index Fund
Investments February 28, 2011
Showing Percentage of Net Assets
Common Stocks - 98.7% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 11.2% | |||
Auto Components - 0.5% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 57,438 | $ 767,946 | |
Amerigon, Inc. (a)(d) | 19,084 | 260,306 | |
BorgWarner, Inc. (a)(d) | 90,096 | 6,992,351 | |
Cooper Tire & Rubber Co. (d) | 46,836 | 1,098,773 | |
Dana Holding Corp. (a) | 112,757 | 2,128,852 | |
Drew Industries, Inc. | 13,018 | 301,106 | |
Exide Technologies (a) | 56,101 | 667,602 | |
Federal-Mogul Corp. Class A (a) | 31,031 | 651,961 | |
Fuel Systems Solutions, Inc. (a)(d) | 13,523 | 393,790 | |
Gentex Corp. | 107,342 | 3,250,316 | |
Johnson Controls, Inc. | 533,669 | 21,773,695 | |
Lear Corp. | 39,182 | 4,145,456 | |
Modine Manufacturing Co. (a)(d) | 29,805 | 441,114 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 8,247 | 42,390 | |
Spartan Motors, Inc. | 9,796 | 62,205 | |
Standard Motor Products, Inc. | 15,104 | 175,660 | |
Stoneridge, Inc. (a) | 20,127 | 303,515 | |
Strattec Security Corp. | 781 | 26,164 | |
Superior Industries International, Inc. | 29,015 | 576,818 | |
Tenneco, Inc. (a)(d) | 47,006 | 1,874,599 | |
The Goodyear Tire & Rubber Co. (a) | 191,911 | 2,721,298 | |
TRW Automotive Holdings Corp. (a) | 80,064 | 4,547,635 | |
Visteon Corp. (a) | 36,681 | 2,712,560 | |
| 55,916,112 | ||
Automobiles - 0.5% | |||
Ford Motor Co. (a)(d) | 2,716,518 | 40,883,596 | |
General Motors Co. | 450,000 | 15,088,500 | |
Harley-Davidson, Inc. | 184,009 | 7,511,247 | |
Tesla Motors, Inc. (a)(d) | 31,012 | 740,877 | |
Thor Industries, Inc. (d) | 29,832 | 991,616 | |
Winnebago Industries, Inc. (a) | 26,601 | 384,650 | |
| 65,600,486 | ||
Distributors - 0.1% | |||
Audiovox Corp. Class A (a) | 4,180 | 34,610 | |
Core-Mark Holding Co., Inc. (a)(d) | 7,226 | 245,323 | |
Genuine Parts Co. | 124,929 | 6,582,509 | |
LKQ Corp. (a)(d) | 113,291 | 2,691,794 | |
Pool Corp. (d) | 47,772 | 1,192,389 | |
| 10,746,625 | ||
Diversified Consumer Services - 0.3% | |||
American Public Education, Inc. (a)(d) | 19,746 | 837,625 | |
Apollo Group, Inc. Class A (non-vtg.) (a) | 103,133 | 4,667,800 | |
Archipelago Learning, Inc. (a) | 8,572 | 91,549 | |
Bridgepoint Education, Inc. (a)(d) | 12,789 | 239,410 | |
Capella Education Co. (a)(d) | 15,227 | 878,141 | |
Career Education Corp. (a)(d) | 52,139 | 1,257,071 | |
Coinstar, Inc. (a)(d) | 25,148 | 1,073,317 | |
Corinthian Colleges, Inc. (a)(d) | 97,916 | 513,080 | |
| |||
Shares | Value | ||
CPI Corp. (d) | 6,197 | $ 142,965 | |
DeVry, Inc. | 47,643 | 2,584,633 | |
Education Management Corp. (a)(d) | 33,126 | 641,651 | |
Grand Canyon Education, Inc. (a) | 22,757 | 365,933 | |
H&R Block, Inc. | 241,328 | 3,665,772 | |
Hillenbrand, Inc. | 45,573 | 991,213 | |
ITT Educational Services, Inc. (a)(d) | 27,550 | 2,089,668 | |
Jackson Hewitt Tax Service, Inc. (a)(d) | 13,450 | 16,678 | |
K12, Inc. (a) | 21,701 | 730,022 | |
Learning Tree International, Inc. | 3,821 | 35,574 | |
Lincoln Educational Services Corp. | 11,529 | 178,815 | |
Matthews International Corp. Class A (d) | 24,562 | 912,478 | |
National American University Holdings, Inc. | 3,000 | 22,470 | |
Nobel Learning Communities, Inc. (a) | 1,000 | 9,480 | |
Pre-Paid Legal Services, Inc. (a)(d) | 10,193 | 672,126 | |
Princeton Review, Inc. (a) | 17,342 | 15,955 | |
Regis Corp. (d) | 43,769 | 767,271 | |
Service Corp. International | 188,426 | 2,053,843 | |
Sotheby's Class A (ltd. vtg.) | 51,595 | 2,539,506 | |
Steiner Leisure Ltd. (a)(d) | 12,388 | 584,218 | |
Stewart Enterprises, Inc. Class A | 64,820 | 493,928 | |
Strayer Education, Inc. | 10,595 | 1,456,177 | |
Universal Technical Institute, Inc. (d) | 28,315 | 520,996 | |
Weight Watchers International, Inc. | 28,944 | 1,769,347 | |
| 32,818,712 | ||
Hotels, Restaurants & Leisure - 1.9% | |||
AFC Enterprises, Inc. (a) | 21,272 | 314,613 | |
Ambassadors Group, Inc. | 20,096 | 214,022 | |
Ameristar Casinos, Inc. | 20,588 | 344,849 | |
Bally Technologies, Inc. (a) | 42,359 | 1,636,328 | |
Biglari Holdings, Inc. (a) | 706 | 301,999 | |
BJ's Restaurants, Inc. (a)(d) | 25,297 | 909,427 | |
Bluegreen Corp. (a) | 13,016 | 55,839 | |
Bob Evans Farms, Inc. (d) | 30,971 | 970,631 | |
Boyd Gaming Corp. (a) | 57,914 | 619,101 | |
Brinker International, Inc. | 72,375 | 1,710,945 | |
Buffalo Wild Wings, Inc. (a)(d) | 16,070 | 851,549 | |
California Pizza Kitchen, Inc. (a)(d) | 42,316 | 712,601 | |
Caribou Coffee Co., Inc. (a) | 21,035 | 206,984 | |
Carnival Corp. unit | 327,724 | 13,983,983 | |
CEC Entertainment, Inc. (d) | 23,909 | 925,039 | |
Chipotle Mexican Grill, Inc. (a)(d) | 27,459 | 6,727,455 | |
Choice Hotels International, Inc. (d) | 27,230 | 1,051,623 | |
Churchill Downs, Inc. | 10,300 | 430,128 | |
Cracker Barrel Old Country Store, Inc. (d) | 21,638 | 1,078,438 | |
Darden Restaurants, Inc. | 100,905 | 4,755,653 | |
Denny's Corp. (a)(d) | 82,821 | 322,174 | |
DineEquity, Inc. (a) | 14,923 | 853,745 | |
Domino's Pizza, Inc. (a)(d) | 33,912 | 572,095 | |
Dover Downs Gaming & Entertainment, Inc. | 1,755 | 6,230 | |
Dover Motorsports, Inc. (a) | 11,625 | 23,599 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Empire Resorts, Inc. (a) | 15,456 | $ 12,674 | |
Gaylord Entertainment Co. (a)(d) | 24,853 | 895,454 | |
Great Wolf Resorts, Inc. (a) | 13,290 | 36,548 | |
Hyatt Hotels Corp. Class A (a) | 29,784 | 1,362,618 | |
International Game Technology (d) | 233,653 | 3,845,928 | |
International Speedway Corp. Class A (d) | 23,240 | 644,213 | |
Interval Leisure Group, Inc. (a) | 34,313 | 580,233 | |
Isle of Capri Casinos, Inc. (a)(d) | 17,627 | 163,050 | |
Jack in the Box, Inc. (a)(d) | 49,019 | 1,078,418 | |
Jamba, Inc. (a)(d) | 40,851 | 94,366 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 54,837 | 343,828 | |
Las Vegas Sands Corp. (a) | 357,838 | 16,689,564 | |
Life Time Fitness, Inc. (a)(d) | 33,028 | 1,266,624 | |
Luby's, Inc. (a) | 17,000 | 90,950 | |
Marcus Corp. | 23,391 | 304,551 | |
Marriott International, Inc. Class A | 249,173 | 9,770,073 | |
McCormick & Schmick's Seafood Restaurants (a) | 16,005 | 164,371 | |
McDonald's Corp. | 847,113 | 64,109,512 | |
MGM Mirage, Inc. (a)(d) | 250,199 | 3,487,774 | |
Monarch Casino & Resort, Inc. (a) | 5,587 | 58,384 | |
Morgans Hotel Group Co. (a)(d) | 32,197 | 286,231 | |
MTR Gaming Group, Inc. (a) | 6,687 | 17,988 | |
Multimedia Games, Inc. (a) | 15,189 | 83,540 | |
O'Charleys, Inc. (a)(d) | 11,817 | 75,038 | |
Orient Express Hotels Ltd. Class A (a)(d) | 74,088 | 934,991 | |
P.F. Chang's China Bistro, Inc. | 21,787 | 1,011,788 | |
Panera Bread Co. Class A (a) | 20,823 | 2,431,085 | |
Papa John's International, Inc. (a)(d) | 22,404 | 653,749 | |
Peet's Coffee & Tea, Inc. (a)(d) | 18,056 | 772,075 | |
Penn National Gaming, Inc. (a) | 58,555 | 2,094,512 | |
Pinnacle Entertainment, Inc. (a)(d) | 72,032 | 945,780 | |
Premier Exhibitions, Inc. (a) | 1,600 | 2,784 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 24,590 | 586,717 | |
Rick's Cabaret International, Inc. (a)(d) | 6,660 | 72,461 | |
Royal Caribbean Cruises Ltd. (a)(d) | 104,458 | 4,574,216 | |
Ruby Tuesday, Inc. (a) | 49,861 | 666,143 | |
Ruth's Hospitality Group, Inc. (a)(d) | 25,925 | 129,884 | |
Scientific Games Corp. Class A (a) | 46,137 | 413,388 | |
Shuffle Master, Inc. (a)(d) | 43,312 | 407,566 | |
Six Flags Entertainment Corp. | 23,419 | 1,460,409 | |
Sonic Corp. (a)(d) | 71,268 | 632,860 | |
Speedway Motorsports, Inc. | 7,046 | 103,013 | |
Starbucks Corp. | 582,792 | 19,220,480 | |
Starwood Hotels & Resorts Worldwide, Inc. | 137,666 | 8,411,393 | |
Summit Hotel Properties, Inc. | 22,063 | 215,114 | |
Texas Roadhouse, Inc. Class A | 66,505 | 1,129,255 | |
The Cheesecake Factory, Inc. (a)(d) | 34,919 | 1,014,048 | |
Town Sports International Holdings, Inc. (a) | 15,248 | 70,293 | |
| |||
Shares | Value | ||
Vail Resorts, Inc. (a)(d) | 27,734 | $ 1,353,419 | |
Wendy's/Arby's Group, Inc. | 291,585 | 1,387,945 | |
WMS Industries, Inc. (a)(d) | 44,635 | 1,776,027 | |
Wyndham Worldwide Corp. | 140,560 | 4,396,717 | |
Wynn Resorts Ltd. | 69,382 | 8,529,129 | |
Yum! Brands, Inc. | 363,992 | 18,319,717 | |
| 228,757,938 | ||
Household Durables - 0.5% | |||
American Biltrite, Inc. (a) | 400 | 2,920 | |
American Greetings Corp. Class A (d) | 35,079 | 759,460 | |
Bassett Furniture Industries, Inc. (a) | 2,149 | 14,506 | |
Beazer Homes USA, Inc. (a)(d) | 89,997 | 418,486 | |
Blyth, Inc. | 10,795 | 371,024 | |
Brookfield Homes Corp. (a)(d) | 6,161 | 89,766 | |
Cavco Industries, Inc. (a)(d) | 10,167 | 415,017 | |
Cobra Electronics Corp. (a) | 1,200 | 4,632 | |
CSS Industries, Inc. | 12,000 | 210,000 | |
D.R. Horton, Inc. (d) | 207,796 | 2,460,305 | |
Dixie Group, Inc. (a) | 3,463 | 16,692 | |
Emerson Radio Corp. | 27,597 | 72,580 | |
Ethan Allen Interiors, Inc. | 19,914 | 439,104 | |
Flexsteel Industries, Inc. | 2,030 | 29,740 | |
Fortune Brands, Inc. | 119,095 | 7,367,217 | |
Furniture Brands International, Inc. (a) | 30,000 | 131,400 | |
Garmin Ltd. (d) | 82,889 | 2,814,082 | |
Harman International Industries, Inc. | 54,481 | 2,649,956 | |
Helen of Troy Ltd. (a)(d) | 29,414 | 821,533 | |
Hooker Furniture Corp. | 15,000 | 204,300 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 107,327 | 437,894 | |
iRobot Corp. (a)(d) | 25,165 | 722,739 | |
Jarden Corp. | 70,375 | 2,313,226 | |
KB Home (d) | 60,132 | 796,749 | |
Kid Brands, Inc. (a) | 6,433 | 60,213 | |
Koss Corp. | 3,104 | 21,604 | |
La-Z-Boy, Inc. (a) | 40,609 | 407,714 | |
Leggett & Platt, Inc. | 108,168 | 2,494,354 | |
Lennar Corp. Class A | 117,997 | 2,378,820 | |
Libbey, Inc. (a)(d) | 19,358 | 332,764 | |
Lifetime Brands, Inc. (a)(d) | 300 | 3,603 | |
M.D.C. Holdings, Inc. (d) | 29,304 | 769,230 | |
M/I Homes, Inc. (a)(d) | 28,931 | 386,229 | |
Meritage Homes Corp. (a)(d) | 31,399 | 810,408 | |
Mohawk Industries, Inc. (a)(d) | 41,615 | 2,418,248 | |
Newell Rubbermaid, Inc. | 223,714 | 4,326,629 | |
NVR, Inc. (a)(d) | 4,205 | 3,060,651 | |
PulteGroup, Inc. (a)(d) | 244,761 | 1,688,851 | |
Ryland Group, Inc. (d) | 37,577 | 652,337 | |
Sealy Corp., Inc. (a) | 21,635 | 62,309 | |
Skyline Corp. | 6,539 | 131,369 | |
Standard Pacific Corp. (a)(d) | 114,480 | 457,920 | |
Stanley Black & Decker, Inc. | 129,331 | 9,807,170 | |
Stanley Furniture Co., Inc. (a)(d) | 6,630 | 36,465 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Tempur-Pedic International, Inc. (a)(d) | 53,437 | $ 2,508,333 | |
Toll Brothers, Inc. (a)(d) | 99,977 | 2,125,511 | |
Tupperware Brands Corp. | 46,576 | 2,498,802 | |
Universal Electronics, Inc. (a)(d) | 16,673 | 454,339 | |
Whirlpool Corp. | 58,245 | 4,805,213 | |
| 66,262,414 | ||
Internet & Catalog Retail - 0.7% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 28,158 | 77,153 | |
Amazon.com, Inc. (a) | 277,609 | 48,106,864 | |
Blue Nile, Inc. (a)(d) | 13,187 | 754,033 | |
dELiA*s, Inc. (a) | 3,463 | 6,822 | |
drugstore.com, Inc. (a)(d) | 64,555 | 128,464 | |
Expedia, Inc. | 161,438 | 3,206,159 | |
Gaiam, Inc. Class A | 14,668 | 112,210 | |
Geeknet, Inc. (a) | 1,373 | 38,444 | |
Hollywood Media Corp. (a) | 1,200 | 1,980 | |
HSN, Inc. (a) | 32,537 | 1,056,802 | |
Liberty Media Corp. Interactive Series A (a) | 464,534 | 7,460,416 | |
Netflix, Inc. (a)(d) | 36,822 | 7,610,003 | |
NutriSystem, Inc. (d) | 31,318 | 414,337 | |
Orbitz Worldwide, Inc. (a)(d) | 15,000 | 52,950 | |
Overstock.com, Inc. (a)(d) | 16,829 | 256,642 | |
PetMed Express, Inc. (d) | 37,564 | 559,328 | |
Priceline.com, Inc. (a) | 38,562 | 17,502,521 | |
Shutterfly, Inc. (a) | 24,946 | 1,065,194 | |
ValueVision Media, Inc. Class A (a) | 21,687 | 145,086 | |
Vitacost.com, Inc. (a) | 18,738 | 96,126 | |
| 88,651,534 | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a) | 5,971 | 75,891 | |
Black Diamond, Inc. (a) | 3,000 | 20,310 | |
Brunswick Corp. (d) | 79,627 | 1,833,810 | |
Callaway Golf Co. | 72,163 | 558,542 | |
Eastman Kodak Co. (a)(d) | 199,813 | 679,364 | |
Hasbro, Inc. | 98,573 | 4,425,928 | |
JAKKS Pacific, Inc. (a)(d) | 24,508 | 456,829 | |
Johnson Outdoors, Inc. Class A (a) | 2,747 | 42,414 | |
Leapfrog Enterprises, Inc. Class A (a)(d) | 25,168 | 109,229 | |
Marine Products Corp. (a)(d) | 13,658 | 99,703 | |
Mattel, Inc. | 289,160 | 7,246,350 | |
Meade Instruments Corp. (a) | 130 | 547 | |
Nautilus, Inc. (a) | 6,001 | 15,963 | |
Polaris Industries, Inc. (d) | 28,245 | 2,131,085 | |
RC2 Corp. (a) | 16,726 | 363,121 | |
Smith & Wesson Holding Corp. (a)(d) | 106,132 | 423,467 | |
Steinway Musical Instruments, Inc. (a) | 5,374 | 115,434 | |
Sturm Ruger & Co., Inc. | 42,290 | 763,757 | |
Summer Infant, Inc. (a) | 28,574 | 210,019 | |
| 19,571,763 | ||
| |||
Shares | Value | ||
Media - 3.1% | |||
A.H. Belo Corp. Class A (a) | 8,701 | $ 62,560 | |
Arbitron, Inc. | 22,064 | 878,368 | |
Ascent Media Corp. (a) | 17,787 | 742,074 | |
Ballantyne of Omaha, Inc. (a)(d) | 6,428 | 46,667 | |
Belo Corp. Series A (a)(d) | 69,830 | 556,545 | |
Cablevision Systems Corp. - NY Group Class A | 187,053 | 6,892,903 | |
Carmike Cinemas, Inc. (a)(d) | 19,860 | 142,595 | |
CBS Corp. Class B | 500,000 | 11,930,000 | |
Charter Communications, Inc. Class A (a)(d) | 29,426 | 1,346,828 | |
Cinemark Holdings, Inc. | 44,354 | 890,628 | |
CKX, Inc. (a) | 40,959 | 144,585 | |
Clear Channel Outdoor Holding, Inc. Class A (a) | 47,846 | 705,250 | |
Comcast Corp. Class A | 2,251,023 | 57,986,352 | |
Crown Media Holdings, Inc. Class A (a)(d) | 9,666 | 23,488 | |
Cumulus Media, Inc. Class A (a)(d) | 44,350 | 216,428 | |
Dex One Corp. (a) | 43,931 | 231,516 | |
DIRECTV (a) | 673,773 | 30,973,345 | |
Discovery Communications, Inc. (a)(d) | 224,695 | 9,686,601 | |
DISH Network Corp. Class A (a) | 164,042 | 3,813,977 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 48,386 | 1,336,421 | |
E.W. Scripps Co. Class A (a) | 22,092 | 211,420 | |
Emmis Communications Corp. Class A (a) | 9,275 | 10,203 | |
Entercom Communications Corp. Class A (a) | 24,702 | 323,102 | |
Entravision Communication Corp. Class A (a)(d) | 53,671 | 126,127 | |
Fisher Communications, Inc. (a) | 3,105 | 83,090 | |
Gannett Co., Inc. | 181,465 | 2,995,987 | |
Gray Television, Inc. (a)(d) | 8,695 | 19,303 | |
Harris Interactive, Inc. (a) | 6,269 | 6,206 | |
Harte-Hanks, Inc. | 52,908 | 671,403 | |
Insignia Systems, Inc. | 2,664 | 17,822 | |
Interpublic Group of Companies, Inc. | 376,064 | 4,964,045 | |
John Wiley & Sons, Inc. Class A | 37,750 | 1,804,828 | |
Journal Communications, Inc. Class A (a)(d) | 22,879 | 140,477 | |
Knology, Inc. (a) | 41,362 | 575,759 | |
Lamar Advertising Co. Class A (a)(d) | 44,355 | 1,719,643 | |
Lee Enterprises, Inc. (a) | 27,681 | 82,213 | |
Liberty Global, Inc. Class A (a)(d) | 187,456 | 7,891,898 | |
Liberty Media Corp.: | |||
Capital Series A (a)(d) | 65,131 | 4,725,905 | |
Starz Series A (a) | 40,473 | 2,841,205 | |
LIN TV Corp. Class A (a) | 41,885 | 255,917 | |
Live Nation Entertainment, Inc. (a) | 127,733 | 1,357,802 | |
LodgeNet Entertainment Corp. (a)(d) | 31,535 | 112,265 | |
Madison Square Garden, Inc. Class A (a) | 44,555 | 1,272,491 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Martha Stewart Living Omnimedia, Inc. Class A (a)(d) | 40,978 | $ 168,010 | |
McGraw-Hill Companies, Inc. | 244,751 | 9,466,969 | |
Media General, Inc. Class A (a)(d) | 25,296 | 173,025 | |
Mediacom Communications Corp. Class A (a) | 64,214 | 566,367 | |
Meredith Corp. | 33,890 | 1,194,961 | |
Morningstar, Inc. (d) | 15,035 | 882,254 | |
National CineMedia, Inc. | 43,599 | 823,585 | |
Navarre Corp. (a) | 6,926 | 14,060 | |
New Frontier Media, Inc. (a) | 5,971 | 12,599 | |
News Corp. Class A | 1,850,650 | 32,145,791 | |
Omnicom Group, Inc. | 239,644 | 12,197,880 | |
Playboy Enterprises, Inc. Class B (non-vtg.) (a) | 8,000 | 49,120 | |
PRIMEDIA, Inc. | 6,332 | 29,507 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 27,442 | 60,921 | |
ReachLocal, Inc. | 3,000 | 57,120 | |
Regal Entertainment Group Class A | 64,163 | 958,595 | |
Rentrak Corp. (a)(d) | 1,996 | 52,754 | |
Saga Communications, Inc. Class A (a) | 233 | 6,757 | |
Salem Communications Corp. Class A | 2,015 | 8,503 | |
Scholastic Corp. | 20,042 | 629,319 | |
Scripps Networks Interactive, Inc. Class A | 67,294 | 3,495,250 | |
Sinclair Broadcast Group, Inc. Class A | 42,471 | 549,575 | |
Sirius XM Radio, Inc. (a)(d) | 3,028,291 | 5,481,207 | |
Spanish Broadcasting System, Inc. Class A (a) | 8,120 | 7,552 | |
SuperMedia, Inc. (a)(d) | 22,547 | 189,846 | |
The McClatchy Co. Class A (a)(d) | 42,958 | 172,262 | |
The New York Times Co. Class A (a)(d) | 75,000 | 780,000 | |
The Walt Disney Co. | 1,420,697 | 62,141,287 | |
Time Warner Cable, Inc. | 278,757 | 20,120,680 | |
Time Warner, Inc. | 897,453 | 34,282,705 | |
Valassis Communications, Inc. (a)(d) | 39,392 | 1,111,642 | |
Viacom, Inc. Class B (non-vtg.) | 428,396 | 19,132,165 | |
Virgin Media, Inc. (d) | 232,047 | 6,320,960 | |
Warner Music Group Corp. (a) | 39,076 | 234,847 | |
Washington Post Co. Class B (d) | 4,184 | 1,812,049 | |
World Wrestling Entertainment, Inc. Class A (d) | 51,544 | 665,433 | |
| 376,811,799 | ||
Multiline Retail - 0.7% | |||
99 Cents Only Stores (a)(d) | 61,432 | 1,022,228 | |
Big Lots, Inc. (a) | 58,502 | 2,400,337 | |
Dillard's, Inc. Class A (d) | 42,935 | 1,817,868 | |
Dollar General Corp. (a)(d) | 25,592 | 722,974 | |
Dollar Tree, Inc. (a) | 100,113 | 5,037,686 | |
Family Dollar Stores, Inc. | 95,532 | 4,784,243 | |
Fred's, Inc. Class A | 47,708 | 657,416 | |
JCPenney Co., Inc. | 160,547 | 5,612,723 | |
| |||
Shares | Value | ||
Kohl's Corp. | 224,612 | $ 12,104,341 | |
Macy's, Inc. | 326,323 | 7,799,120 | |
Nordstrom, Inc. | 133,349 | 6,035,376 | |
Retail Ventures, Inc. (a) | 12,266 | 214,655 | |
Saks, Inc. (a)(d) | 116,426 | 1,426,219 | |
Sears Holdings Corp. (a)(d) | 37,118 | 3,092,301 | |
Target Corp. | 510,212 | 26,811,641 | |
The Bon-Ton Stores, Inc. (a)(d) | 8,752 | 137,056 | |
Tuesday Morning Corp. (a) | 10,850 | 50,670 | |
| 79,726,854 | ||
Specialty Retail - 2.1% | |||
A.C. Moore Arts & Crafts, Inc. (a) | 3,702 | 11,902 | |
Aarons, Inc. Class A | 60,856 | 1,432,550 | |
Abercrombie & Fitch Co. Class A | 68,573 | 3,934,033 | |
Advance Auto Parts, Inc. (d) | 65,592 | 4,111,307 | |
Aeropostale, Inc. (a) | 75,345 | 1,954,449 | |
America's Car Mart, Inc. (a) | 9,764 | 241,952 | |
American Eagle Outfitters, Inc. | 150,053 | 2,303,314 | |
AnnTaylor Stores Corp. (a) | 54,579 | 1,266,779 | |
Asbury Automotive Group, Inc. (a) | 26,121 | 481,932 | |
Ascena Retail Group, Inc. (a)(d) | 52,801 | 1,649,503 | |
AutoNation, Inc. (a)(d) | 58,946 | 1,982,943 | |
AutoZone, Inc. (a) | 22,178 | 5,720,815 | |
Barnes & Noble, Inc. (d) | 31,168 | 417,340 | |
bebe Stores, Inc. (d) | 14,487 | 85,473 | |
Bed Bath & Beyond, Inc. (a) | 203,400 | 9,793,710 | |
Best Buy Co., Inc. | 261,048 | 8,416,188 | |
Big 5 Sporting Goods Corp. | 18,888 | 263,299 | |
Books-A-Million, Inc. | 5,135 | 30,399 | |
Brown Shoe Co., Inc. (d) | 45,893 | 711,342 | |
Build-A-Bear Workshop, Inc. (a)(d) | 4,710 | 31,180 | |
Cabela's, Inc. Class A (a) | 31,034 | 841,952 | |
Cache, Inc. (a) | 3,350 | 13,266 | |
CarMax, Inc. (a) | 174,763 | 6,181,367 | |
Casual Male Retail Group, Inc. (a)(d) | 8,101 | 34,591 | |
Charming Shoppes, Inc. (a) | 65,546 | 214,335 | |
Chico's FAS, Inc. (d) | 141,987 | 1,950,901 | |
Christopher & Banks Corp. (d) | 21,140 | 129,165 | |
Citi Trends, Inc. (a)(d) | 16,789 | 369,190 | |
Coldwater Creek, Inc. (a)(d) | 61,586 | 182,295 | |
Collective Brands, Inc. (a) | 52,244 | 1,191,163 | |
Conn's, Inc. (a)(d) | 9,074 | 40,379 | |
Cost Plus, Inc. (a)(d) | 4,090 | 38,569 | |
Destination Maternity Corp. | 3,789 | 170,884 | |
Dick's Sporting Goods, Inc. (a) | 64,611 | 2,399,653 | |
DSW, Inc. Class A (a)(d) | 20,102 | 816,342 | |
Express, Inc. | 29,439 | 529,313 | |
Finish Line, Inc. Class A | 38,205 | 667,059 | |
Foot Locker, Inc. | 121,712 | 2,418,417 | |
GameStop Corp. Class A (a)(d) | 116,984 | 2,333,831 | |
Gap, Inc. | 286,370 | 6,451,916 | |
Genesco, Inc. (a)(d) | 23,200 | 916,864 | |
Group 1 Automotive, Inc. | 20,000 | 845,000 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Guess?, Inc. (d) | 48,877 | $ 2,213,639 | |
Haverty Furniture Companies, Inc. | 19,389 | 257,874 | |
hhgregg, Inc. (a)(d) | 17,663 | 262,119 | |
Hibbett Sports, Inc. (a)(d) | 26,443 | 830,575 | |
Home Depot, Inc. | 1,307,421 | 48,989,065 | |
Hot Topic, Inc. | 59,826 | 320,069 | |
J. Crew Group, Inc. (a) | 47,467 | 2,046,777 | |
Jo-Ann Stores, Inc. (a) | 25,491 | 1,547,304 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 19,771 | 911,641 | |
Kirkland's, Inc. (a) | 12,446 | 190,175 | |
Limited Brands, Inc. | 216,048 | 6,917,857 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 24,040 | 363,966 | |
Lowe's Companies, Inc. | 1,097,391 | 28,718,722 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 25,148 | 585,445 | |
MarineMax, Inc. (a) | 11,778 | 106,355 | |
Midas, Inc. (a) | 17,549 | 135,654 | |
Monro Muffler Brake, Inc. | 33,102 | 1,081,773 | |
New York & Co., Inc. (a)(d) | 22,599 | 157,063 | |
O'Reilly Automotive, Inc. (a) | 106,305 | 5,908,432 | |
Office Depot, Inc. (a) | 234,159 | 1,243,384 | |
OfficeMax, Inc. (a)(d) | 72,493 | 996,054 | |
Pacific Sunwear of California, Inc. (a)(d) | 69,935 | 315,407 | |
Penske Automotive Group, Inc. (a)(d) | 31,974 | 651,310 | |
Perfumania Holdings, Inc. (a) | 325 | 2,616 | |
PetSmart, Inc. | 89,000 | 3,637,430 | |
Pier 1 Imports, Inc. (a) | 98,475 | 992,628 | |
RadioShack Corp. (d) | 95,529 | 1,413,829 | |
Rent-A-Center, Inc. (d) | 49,676 | 1,642,289 | |
Ross Stores, Inc. | 94,505 | 6,808,140 | |
rue21, Inc. (a)(d) | 11,740 | 411,135 | |
Sally Beauty Holdings, Inc. (a)(d) | 71,661 | 929,443 | |
Select Comfort Corp. (a) | 41,268 | 459,313 | |
Shoe Carnival, Inc. (a) | 3,092 | 80,206 | |
Signet Jewelers Ltd. (a) | 62,810 | 2,755,475 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 37,989 | 546,282 | |
Stage Stores, Inc. (d) | 27,048 | 471,717 | |
Staples, Inc. | 577,775 | 12,306,608 | |
Stein Mart, Inc. | 19,746 | 161,720 | |
Systemax, Inc. (a)(d) | 7,631 | 104,239 | |
Talbots, Inc. (a)(d) | 40,306 | 251,913 | |
The Buckle, Inc. (d) | 20,272 | 792,432 | |
The Cato Corp. Class A (sub. vtg.) | 36,044 | 874,067 | |
The Children's Place Retail Stores, Inc. (a)(d) | 21,041 | 961,574 | |
The Men's Wearhouse, Inc. | 39,018 | 1,041,781 | |
The Pep Boys - Manny, Moe & Jack | 81,773 | 1,024,616 | |
Tiffany & Co., Inc. | 98,054 | 6,035,224 | |
TJX Companies, Inc. | 319,221 | 15,919,551 | |
Tractor Supply Co. | 54,000 | 2,811,780 | |
Trans World Entertainment Corp. (a) | 3,463 | 6,060 | |
| |||
Shares | Value | ||
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 35,029 | $ 1,461,760 | |
Urban Outfitters, Inc. (a) | 102,030 | 3,915,911 | |
Vitamin Shoppe, Inc. (a) | 18,050 | 627,960 | |
West Marine, Inc. (a)(d) | 3,821 | 39,853 | |
Wet Seal, Inc. Class A (a)(d) | 77,858 | 309,096 | |
Williams-Sonoma, Inc. | 71,431 | 2,577,945 | |
Zale Corp. (a)(d) | 26,205 | 107,965 | |
Zumiez, Inc. (a)(d) | 20,815 | 542,647 | |
| 250,352,727 | ||
Textiles, Apparel & Luxury Goods - 0.6% | |||
American Apparel, Inc. (a)(d) | 34,191 | 38,978 | |
Carter's, Inc. (a)(d) | 44,322 | 1,270,269 | |
Cherokee, Inc. | 10,680 | 181,346 | |
Coach, Inc. | 237,235 | 13,028,946 | |
Columbia Sportswear Co. | 8,418 | 528,566 | |
Crocs, Inc. (a) | 81,146 | 1,432,227 | |
Culp, Inc. (a) | 8,187 | 82,279 | |
Deckers Outdoor Corp. (a) | 32,007 | 2,823,658 | |
Fossil, Inc. (a) | 37,946 | 2,911,976 | |
G-III Apparel Group Ltd. (a)(d) | 10,000 | 393,200 | |
Hanesbrands, Inc. (a)(d) | 68,817 | 1,783,048 | |
Iconix Brand Group, Inc. (a)(d) | 53,048 | 1,172,361 | |
Joe's Jeans, Inc. (a)(d) | 37,810 | 41,591 | |
K-Swiss, Inc. Class A (a) | 27,036 | 270,630 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 15,569 | 202,397 | |
Liz Claiborne, Inc. (a)(d) | 92,508 | 475,491 | |
Maidenform Brands, Inc. (a)(d) | 20,939 | 568,284 | |
Movado Group, Inc. (a) | 10,191 | 143,387 | |
NIKE, Inc. Class B | 236,646 | 21,068,593 | |
Oxford Industries, Inc. (d) | 10,105 | 243,733 | |
Perry Ellis International, Inc. (a) | 4,844 | 140,670 | |
Phillips-Van Heusen Corp. | 45,410 | 2,725,054 | |
Polo Ralph Lauren Corp. Class A | 49,437 | 6,264,162 | |
Quiksilver, Inc. (a)(d) | 93,064 | 401,106 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 30,810 | 640,232 | |
Steven Madden Ltd. (a)(d) | 25,320 | 1,092,305 | |
The Jones Group, Inc. | 72,951 | 970,248 | |
Timberland Co. Class A (a) | 47,867 | 1,768,207 | |
True Religion Apparel, Inc. (a)(d) | 27,973 | 664,918 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 31,131 | 2,061,806 | |
Unifi, Inc. (a) | 21,920 | 416,261 | |
Vera Bradley, Inc. (d) | 8,654 | 297,265 | |
VF Corp. | 65,829 | 6,297,860 | |
Volcom, Inc. (d) | 16,142 | 288,942 | |
Warnaco Group, Inc. (a)(d) | 34,500 | 2,025,495 | |
Wolverine World Wide, Inc. (d) | 36,170 | 1,329,609 | |
| 76,045,100 | ||
TOTAL CONSUMER DISCRETIONARY | 1,351,262,064 | ||
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - 8.6% | |||
Beverages - 1.9% | |||
Boston Beer Co., Inc. Class A (a)(d) | 6,815 | $ 632,568 | |
Brown-Forman Corp. Class B (non-vtg.) | 86,042 | 5,949,804 | |
Central European Distribution Corp. (a)(d) | 53,217 | 1,216,008 | |
Coca-Cola Bottling Co. Consolidated | 3,600 | 207,720 | |
Coca-Cola Enterprises, Inc. | 258,071 | 6,787,267 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 157,356 | 3,197,474 | |
Dr Pepper Snapple Group, Inc. | 186,504 | 6,725,334 | |
Hansen Natural Corp. (a) | 54,046 | 3,110,347 | |
Jones Soda Co. (a)(d) | 17,449 | 23,905 | |
Molson Coors Brewing Co. Class B | 125,105 | 5,721,052 | |
National Beverage Corp. | 8,950 | 113,576 | |
PepsiCo, Inc. | 1,261,314 | 79,992,534 | |
The Coca-Cola Co. | 1,706,809 | 109,099,231 | |
| 222,776,820 | ||
Food & Staples Retailing - 1.9% | |||
Andersons, Inc. (d) | 19,232 | 923,905 | |
Arden Group, Inc. Class A | 100 | 7,780 | |
BJ's Wholesale Club, Inc. (a) | 39,726 | 1,923,533 | |
Casey's General Stores, Inc. | 33,782 | 1,387,427 | |
Costco Wholesale Corp. | 343,938 | 25,723,123 | |
CVS Caremark Corp. | 1,086,831 | 35,930,633 | |
Fresh Market, Inc. | 10,345 | 422,076 | |
Ingles Markets, Inc. Class A | 17,056 | 327,987 | |
Kroger Co. | 464,207 | 10,630,340 | |
Nash-Finch Co. (d) | 13,340 | 538,536 | |
PriceSmart, Inc. | 10,766 | 383,162 | |
Rite Aid Corp. (a) | 432,490 | 566,562 | |
Ruddick Corp. | 28,443 | 1,043,858 | |
Safeway, Inc. | 287,468 | 6,272,552 | |
Spartan Stores, Inc. | 28,988 | 436,849 | |
SUPERVALU, Inc. | 164,399 | 1,418,763 | |
Susser Holdings Corp. (a) | 7,000 | 96,950 | |
Sysco Corp. | 467,006 | 12,978,097 | |
The Pantry, Inc. (a) | 28,291 | 445,866 | |
United Natural Foods, Inc. (a)(d) | 35,816 | 1,520,389 | |
Village Super Market, Inc. Class A | 3,900 | 117,156 | |
Wal-Mart Stores, Inc. | 1,619,392 | 84,175,996 | |
Walgreen Co. | 780,373 | 33,821,366 | |
Weis Markets, Inc. | 8,764 | 347,668 | |
Whole Foods Market, Inc. | 104,950 | 6,145,872 | |
Winn-Dixie Stores, Inc. (a)(d) | 66,467 | 463,940 | |
| 228,050,386 | ||
Food Products - 1.6% | |||
Alico, Inc. | 200 | 5,302 | |
Archer Daniels Midland Co. | 468,401 | 17,415,149 | |
B&G Foods, Inc. Class A (d) | 20,013 | 300,195 | |
Bridgford Foods Corp. | 400 | 4,560 | |
Bunge Ltd. | 112,319 | 8,106,062 | |
Cal-Maine Foods, Inc. (d) | 17,225 | 497,286 | |
| |||
Shares | Value | ||
Calavo Growers, Inc. | 7,771 | $ 180,443 | |
Campbell Soup Co. (d) | 165,279 | 5,563,291 | |
Chiquita Brands International, Inc. (a)(d) | 35,778 | 615,024 | |
ConAgra Foods, Inc. | 344,650 | 7,982,094 | |
Corn Products International, Inc. | 57,189 | 2,791,967 | |
Darling International, Inc. (a) | 82,951 | 1,152,189 | |
Dean Foods Co. (a)(d) | 139,443 | 1,472,518 | |
Del Monte Foods Co. | 148,122 | 2,803,949 | |
Diamond Foods, Inc. (d) | 21,341 | 1,087,324 | |
Dole Food Co., Inc. (a)(d) | 21,647 | 319,293 | |
Farmer Brothers Co. | 3,606 | 47,347 | |
Flowers Foods, Inc. | 68,755 | 1,828,883 | |
Fresh Del Monte Produce, Inc. (d) | 34,840 | 995,727 | |
General Mills, Inc. | 484,477 | 17,993,476 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 91,283 | 3,722,521 | |
H.J. Heinz Co. | 254,367 | 12,774,311 | |
Hain Celestial Group, Inc. (a)(d) | 45,630 | 1,360,687 | |
Harbinger Group, Inc. (a) | 880 | 4,778 | |
Hershey Co. | 123,698 | 6,471,879 | |
Hormel Foods Corp. | 110,923 | 3,039,290 | |
HQ Sustainable Maritime Industries, Inc. (a)(d) | 14,936 | 61,088 | |
Imperial Sugar Co. | 12,258 | 132,386 | |
J&J Snack Foods Corp. | 11,964 | 526,057 | |
John B. Sanfilippo & Son, Inc. (a)(d) | 2,965 | 35,728 | |
Kellogg Co. | 201,602 | 10,797,803 | |
Kraft Foods, Inc. Class A | 1,285,932 | 40,944,075 | |
Lancaster Colony Corp. (d) | 16,472 | 950,764 | |
McCormick & Co., Inc. (non-vtg.) | 115,675 | 5,511,914 | |
Mead Johnson Nutrition Co. Class A | 162,466 | 9,723,590 | |
Omega Protein Corp. (a) | 15,162 | 174,211 | |
Pilgrims Pride Corp. (a) | 35,000 | 269,850 | |
Ralcorp Holdings, Inc. (a)(d) | 42,161 | 2,734,141 | |
Reddy Ice Holdings, Inc. (a) | 29,155 | 92,130 | |
Sanderson Farms, Inc. (d) | 18,854 | 779,613 | |
Sara Lee Corp. | 473,984 | 8,114,606 | |
Seneca Foods Corp. Class A (a)(d) | 6,140 | 172,718 | |
Smart Balance, Inc. (a) | 53,000 | 230,020 | |
Smithfield Foods, Inc. (a)(d) | 121,374 | 2,809,808 | |
Snyders-Lance, Inc. | 46,952 | 855,465 | |
Tasty Baking Co. | 200 | 588 | |
The J.M. Smucker Co. | 93,485 | 6,435,507 | |
Tootsie Roll Industries, Inc. | 15,067 | 430,916 | |
TreeHouse Foods, Inc. (a)(d) | 30,238 | 1,577,516 | |
Tyson Foods, Inc. Class A | 226,821 | 4,225,675 | |
| 196,121,714 | ||
Household Products - 1.7% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a)(d) | 40,382 | 371,918 | |
Church & Dwight Co., Inc. | 51,938 | 3,918,203 | |
Clorox Co. | 106,735 | 7,232,364 | |
Colgate-Palmolive Co. | 387,132 | 30,397,605 | |
Energizer Holdings, Inc. (a) | 53,492 | 3,574,870 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Household Products - continued | |||
Kimberly-Clark Corp. | 327,351 | $ 21,572,431 | |
Oil-Dri Corp. of America | 750 | 15,233 | |
Procter & Gamble Co. | 2,241,043 | 141,297,761 | |
Spectrum Brands Holdings, Inc. (a) | 14,000 | 401,800 | |
WD-40 Co. | 20,252 | 823,446 | |
| 209,605,631 | ||
Personal Products - 0.2% | |||
Alberto-Culver Co. | 67,139 | 2,500,256 | |
Avon Products, Inc. | 337,586 | 9,388,267 | |
Elizabeth Arden, Inc. (a)(d) | 20,607 | 599,458 | |
Estee Lauder Companies, Inc. Class A | 93,032 | 8,783,151 | |
Herbalife Ltd. | 49,645 | 3,892,664 | |
Inter Parfums, Inc. | 10,839 | 195,861 | |
Mannatech, Inc. (a) | 6,969 | 13,450 | |
MediFast, Inc. (a)(d) | 11,894 | 275,227 | |
Nu Skin Enterprises, Inc. Class A | 48,093 | 1,535,129 | |
Prestige Brands Holdings, Inc. (a) | 32,209 | 354,943 | |
Revlon, Inc. (a) | 16,246 | 242,715 | |
Schiff Nutrition International, Inc. | 13,750 | 117,838 | |
USANA Health Sciences, Inc. (a)(d) | 6,205 | 216,058 | |
| 28,115,017 | ||
Tobacco - 1.3% | |||
Alliance One International, Inc. (a)(d) | 104,053 | 377,712 | |
Altria Group, Inc. | 1,666,546 | 42,280,272 | |
Lorillard, Inc. | 115,244 | 8,847,282 | |
Philip Morris International, Inc. | 1,466,302 | 92,054,440 | |
Reynolds American, Inc. | 263,923 | 9,057,837 | |
Star Scientific, Inc. (a)(d) | 56,989 | 102,580 | |
Universal Corp. (d) | 18,429 | 770,701 | |
Vector Group Ltd. (d) | 26,614 | 449,510 | |
| 153,940,334 | ||
TOTAL CONSUMER STAPLES | 1,038,609,902 | ||
ENERGY - 11.9% | |||
Energy Equipment & Services - 2.5% | |||
Atwood Oceanics, Inc. (a)(d) | 44,460 | 2,023,819 | |
Baker Hughes, Inc. | 338,771 | 24,069,680 | |
Basic Energy Services, Inc. (a)(d) | 29,402 | 563,930 | |
Bristow Group, Inc. (a)(d) | 26,059 | 1,248,747 | |
Bronco Drilling Co., Inc. (a) | 23,244 | 208,034 | |
Cal Dive International, Inc. (a)(d) | 86,617 | 595,925 | |
Cameron International Corp. (a) | 191,525 | 11,324,873 | |
Carbo Ceramics, Inc. (d) | 17,271 | 2,141,086 | |
Complete Production Services, Inc. (a) | 59,235 | 1,706,560 | |
Dawson Geophysical Co. (a)(d) | 9,156 | 457,068 | |
Diamond Offshore Drilling, Inc. | 50,710 | 3,967,043 | |
Dresser-Rand Group, Inc. (a)(d) | 61,704 | 3,040,773 | |
Dril-Quip, Inc. (a)(d) | 22,873 | 1,754,359 | |
| |||
Shares | Value | ||
Exterran Holdings, Inc. (a)(d) | 50,379 | $ 1,143,603 | |
FMC Technologies, Inc. (a) | 94,268 | 8,865,905 | |
Global Geophysical Services, Inc. (a) | 17,627 | 248,012 | |
Global Industries Ltd. (a)(d) | 92,739 | 832,796 | |
Gulf Island Fabrication, Inc. | 12,498 | 387,063 | |
Gulfmark Offshore, Inc. Class A (a) | 24,087 | 1,068,981 | |
Halliburton Co. | 723,267 | 33,950,153 | |
Helix Energy Solutions Group, Inc. (a)(d) | 77,302 | 1,190,451 | |
Helmerich & Payne, Inc. | 76,000 | 4,939,240 | |
Hercules Offshore, Inc. (a)(d) | 96,203 | 475,243 | |
Hornbeck Offshore Services, Inc. (a) | 33,678 | 956,792 | |
ION Geophysical Corp. (a)(d) | 101,992 | 1,307,537 | |
Key Energy Services, Inc. (a)(d) | 111,897 | 1,734,404 | |
Lufkin Industries, Inc. | 27,828 | 2,174,758 | |
Matrix Service Co. (a) | 22,497 | 314,058 | |
McDermott International, Inc. (a) | 195,554 | 4,487,964 | |
Mitcham Industries, Inc. (a) | 1,791 | 19,844 | |
Nabors Industries Ltd. (a) | 221,789 | 6,314,333 | |
National Oilwell Varco, Inc. | 333,321 | 26,522,352 | |
Natural Gas Services Group, Inc. (a) | 22,504 | 435,227 | |
Newpark Resources, Inc. (a)(d) | 99,384 | 693,700 | |
Noble Corp. | 202,739 | 9,064,461 | |
Oceaneering International, Inc. (a) | 41,676 | 3,485,364 | |
Oil States International, Inc. (a)(d) | 41,683 | 3,034,106 | |
OYO Geospace Corp. (a)(d) | 2,440 | 248,099 | |
Parker Drilling Co. (a)(d) | 77,885 | 409,675 | |
Patterson-UTI Energy, Inc. | 120,755 | 3,301,442 | |
PHI, Inc. (non-vtg.) (a) | 17,859 | 383,969 | |
Pioneer Drilling Co. (a) | 54,390 | 615,695 | |
Pride International, Inc. (a) | 125,000 | 5,188,750 | |
RigNet, Inc. | 8,698 | 127,861 | |
Rowan Companies, Inc. (a) | 98,000 | 4,181,660 | |
RPC, Inc. (d) | 33,662 | 659,102 | |
Schlumberger Ltd. | 1,090,664 | 101,889,831 | |
SEACOR Holdings, Inc. | 18,244 | 1,728,984 | |
Superior Energy Services, Inc. (a) | 60,098 | 2,302,354 | |
Tesco Corp. (a)(d) | 29,100 | 535,149 | |
TETRA Technologies, Inc. (a) | 58,187 | 803,562 | |
Tidewater, Inc. | 40,000 | 2,488,400 | |
Union Drilling, Inc. (a) | 1,488 | 11,517 | |
Unit Corp. (a)(d) | 36,543 | 2,174,309 | |
Weatherford International Ltd. (a) | 582,317 | 14,080,425 | |
Willbros Group, Inc. (a) | 30,833 | 350,263 | |
| 308,229,291 | ||
Oil, Gas & Consumable Fuels - 9.4% | |||
Abraxas Petroleum Corp. (a)(d) | 65,966 | 393,817 | |
Alon USA Energy, Inc. | 10,971 | 121,559 | |
Alpha Natural Resources, Inc. (a)(d) | 94,101 | 5,102,156 | |
Amyris, Inc. (d) | 4,500 | 146,205 | |
Anadarko Petroleum Corp. | 393,890 | 32,232,019 | |
Apache Corp. | 290,763 | 36,234,885 | |
Approach Resources, Inc. (a) | 12,800 | 416,640 | |
Arch Coal, Inc. | 127,301 | 4,268,403 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Atlas Energy, Inc. | 57,668 | $ 1 | |
ATP Oil & Gas Corp. (a)(d) | 41,774 | 848,430 | |
Berry Petroleum Co. Class A (d) | 37,030 | 1,925,190 | |
Bill Barrett Corp. (a)(d) | 31,882 | 1,239,572 | |
BPZ Energy, Inc. (a)(d) | 90,823 | 590,350 | |
Brigham Exploration Co. (a)(d) | 95,630 | 3,498,145 | |
Cabot Oil & Gas Corp. | 77,842 | 3,554,266 | |
Callon Petroleum Co. (a) | 36,641 | 307,052 | |
Carrizo Oil & Gas, Inc. (a)(d) | 28,358 | 1,055,485 | |
Cheniere Energy, Inc. (a)(d) | 54,724 | 568,035 | |
Chesapeake Energy Corp. (d) | 514,458 | 18,319,849 | |
Chevron Corp. | 1,602,853 | 166,295,999 | |
Cimarex Energy Co. | 65,317 | 7,585,263 | |
Clayton Williams Energy, Inc. (a) | 9,020 | 956,842 | |
Clean Energy Fuels Corp. (a)(d) | 35,651 | 500,540 | |
Cloud Peak Energy, Inc. (a) | 44,056 | 903,148 | |
Cobalt International Energy, Inc. (a) | 145,700 | 2,281,662 | |
Comstock Resources, Inc. (a)(d) | 34,313 | 911,010 | |
Concho Resources, Inc. (a)(d) | 73,090 | 7,785,547 | |
ConocoPhillips | 1,109,081 | 86,364,137 | |
CONSOL Energy, Inc. | 180,000 | 9,127,800 | |
Contango Oil & Gas Co. (a)(d) | 22,189 | 1,359,742 | |
Continental Resources, Inc. (a)(d) | 25,537 | 1,775,588 | |
Crosstex Energy, Inc. (d) | 53,417 | 549,127 | |
CVR Energy, Inc. (a) | 57,262 | 1,082,252 | |
Delek US Holdings, Inc. | 38,177 | 429,491 | |
Delta Petroleum Corp. (a)(d) | 221,863 | 259,580 | |
Denbury Resources, Inc. (a) | 309,922 | 7,509,410 | |
Devon Energy Corp. | 327,184 | 29,917,705 | |
DHT Holdings, Inc. (d) | 69,764 | 324,403 | |
El Paso Corp. | 551,750 | 10,262,550 | |
Endeavor International Corp. (a)(d) | 9,943 | 134,330 | |
Energy Partners Ltd. (a) | 16,192 | 265,063 | |
EOG Resources, Inc. | 200,070 | 22,469,862 | |
EQT Corp. | 117,000 | 5,768,100 | |
Evergreen Energy, Inc. (a)(d) | 31,033 | 114,201 | |
EXCO Resources, Inc. (d) | 130,680 | 2,675,020 | |
Exxon Mobil Corp. | 4,029,615 | 344,652,933 | |
Forest Oil Corp. (a)(d) | 86,764 | 3,079,254 | |
Frontier Oil Corp. | 82,000 | 2,287,800 | |
FX Energy, Inc. (a)(d) | 22,198 | 254,389 | |
Gasco Energy, Inc. (a) | 113,818 | 60,893 | |
Gastar Exploration Ltd. (a) | 42,275 | 209,261 | |
General Maritime Corp. (d) | 67,360 | 188,608 | |
Georesources, Inc. (a) | 10,223 | 321,718 | |
Gevo, Inc. (a) | 5,780 | 113,924 | |
GMX Resources, Inc. (a)(d) | 86,977 | 451,411 | |
Goodrich Petroleum Corp. (a)(d) | 26,950 | 548,163 | |
Green Plains Renewable Energy, Inc. (a)(d) | 16,507 | 201,881 | |
Gulfport Energy Corp. (a)(d) | 19,316 | 571,560 | |
| |||
Shares | Value | ||
Harvest Natural Resources, Inc. (a)(d) | 38,697 | $ 576,585 | |
Hess Corp. | 234,726 | 20,428,204 | |
HKN, Inc. (a) | 68 | 231 | |
Holly Corp. | 32,459 | 1,854,707 | |
Houston American Energy Corp. (d) | 8,657 | 138,599 | |
Hyperdynamics Corp. (a)(d) | 111,810 | 608,246 | |
International Coal Group, Inc. (a)(d) | 136,765 | 1,349,871 | |
James River Coal Co. (a)(d) | 36,139 | 758,919 | |
Kinder Morgan Holding Co. LLC (d) | 80,058 | 2,441,769 | |
Kodiak Oil & Gas Corp. (a) | 133,748 | 1,012,472 | |
Magellan Petroleum Corp. (a) | 41,755 | 113,156 | |
Magnum Hunter Resources Corp. (a)(d) | 44,502 | 318,634 | |
Marathon Oil Corp. | 564,286 | 27,988,586 | |
Massey Energy Co. | 81,679 | 5,172,731 | |
McMoRan Exploration Co. (a)(d) | 78,847 | 1,379,823 | |
Murphy Oil Corp. | 161,803 | 11,897,375 | |
Newfield Exploration Co. (a) | 104,259 | 7,589,013 | |
Noble Energy, Inc. | 136,427 | 12,641,326 | |
Northern Oil & Gas, Inc. (a)(d) | 40,341 | 1,281,634 | |
Oasis Petroleum, Inc. (a)(d) | 32,610 | 1,125,697 | |
Occidental Petroleum Corp. | 648,203 | 66,097,260 | |
Overseas Shipholding Group, Inc. (d) | 20,609 | 695,760 | |
Pacific Ethanol, Inc. (a)(d) | 101,720 | 69,170 | |
Patriot Coal Corp. (a)(d) | 73,538 | 1,735,497 | |
Peabody Energy Corp. | 212,025 | 13,885,517 | |
Penn Virginia Corp. | 47,991 | 780,814 | |
Petrohawk Energy Corp. (a) | 232,177 | 5,015,023 | |
Petroleum Development Corp. (a)(d) | 26,343 | 1,236,277 | |
Petroquest Energy, Inc. (a)(d) | 94,504 | 814,624 | |
Pioneer Natural Resources Co. | 76,752 | 7,854,800 | |
Plains Exploration & Production Co. (a)(d) | 109,334 | 4,282,613 | |
QEP Resources, Inc. | 135,525 | 5,360,014 | |
Quicksilver Resources, Inc. (a) | 108,843 | 1,685,978 | |
Range Resources Corp. | 123,069 | 6,682,647 | |
Rentech, Inc. (a)(d) | 148,574 | 190,175 | |
Resolute Energy Corp. (a)(d) | 31,183 | 565,348 | |
Rex American Resources Corp. (a) | 3,513 | 51,536 | |
Rex Energy Corp. (a) | 22,084 | 278,258 | |
Rosetta Resources, Inc. (a)(d) | 40,250 | 1,825,740 | |
SandRidge Energy, Inc. (a)(d) | 304,219 | 3,288,607 | |
SemGroup Corp. Class A (a) | 25,000 | 802,750 | |
Ship Finance International Ltd. (NY Shares) | 36,305 | 754,781 | |
SM Energy Co. (d) | 47,436 | 3,437,687 | |
Southern Union Co. (d) | 95,245 | 2,716,387 | |
Southwestern Energy Co. (a) | 270,991 | 10,698,725 | |
Spectra Energy Corp. | 512,650 | 13,713,388 | |
Stone Energy Corp. (a)(d) | 36,595 | 1,108,097 | |
Sunoco, Inc. | 92,131 | 3,856,604 | |
Swift Energy Co. (a) | 30,972 | 1,330,247 | |
Syntroleum Corp. (a)(d) | 28,735 | 46,263 | |
Targa Resources Corp. | 10,000 | 327,700 | |
Teekay Corp. (d) | 38,589 | 1,327,847 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Tesoro Corp. (a)(d) | 115,199 | $ 2,739,432 | |
Toreador Resources Corp. (a)(d) | 22,602 | 342,872 | |
Ultra Petroleum Corp. (a) | 114,044 | 5,171,895 | |
Uranium Energy Corp. (a)(d) | 63,915 | 364,316 | |
Uranium Resources, Inc. (a)(d) | 97,363 | 275,537 | |
USEC, Inc. (a)(d) | 96,626 | 514,050 | |
Vaalco Energy, Inc. (a) | 79,391 | 636,716 | |
Valero Energy Corp. | 440,000 | 12,399,200 | |
Venoco, Inc. (a) | 15,290 | 282,101 | |
Verenium Corp. (a) | 607 | 1,985 | |
W&T Offshore, Inc. | 39,324 | 1,003,942 | |
Warren Resources, Inc. (a)(d) | 56,910 | 279,997 | |
Western Refining, Inc. (a)(d) | 37,718 | 613,672 | |
Westmoreland Coal Co. (a) | 6,000 | 81,600 | |
Whiting Petroleum Corp. (a) | 89,876 | 5,872,498 | |
Williams Companies, Inc. | 459,384 | 13,946,898 | |
World Fuel Services Corp. (d) | 52,000 | 2,154,880 | |
| 1,139,247,529 | ||
TOTAL ENERGY | 1,447,476,820 | ||
FINANCIALS - 16.6% | |||
Capital Markets - 2.3% | |||
Affiliated Managers Group, Inc. (a)(d) | 39,829 | 4,251,746 | |
Ameriprise Financial, Inc. | 199,334 | 12,621,829 | |
Arlington Asset Investment Corp. | 10,715 | 300,663 | |
Artio Global Investors, Inc. Class A | 26,178 | 414,921 | |
Bank of New York Mellon Corp. | 969,332 | 29,457,999 | |
BGC Partners, Inc. Class A (d) | 66,078 | 631,706 | |
BlackRock, Inc. Class A | 76,580 | 15,621,554 | |
Calamos Asset Management, Inc. Class A | 25,805 | 427,847 | |
Charles Schwab Corp. | 767,970 | 14,568,391 | |
Cohen & Steers, Inc. (d) | 20,212 | 590,190 | |
Cowen Group, Inc. Class A (a) | 17,367 | 74,331 | |
Deerfield Capital Corp. (a) | 4,533 | 29,329 | |
Duff & Phelps Corp. Class A | 14,998 | 236,219 | |
E*TRADE Financial Corp. (a) | 155,201 | 2,480,112 | |
Eaton Vance Corp. (non-vtg.) | 91,010 | 2,848,613 | |
Evercore Partners, Inc. Class A | 15,609 | 538,198 | |
FBR Capital Markets Corp. (a)(d) | 41,772 | 155,392 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 78,952 | 2,175,917 | |
Financial Engines, Inc. (a) | 21,430 | 523,106 | |
Franklin Resources, Inc. | 121,990 | 15,324,384 | |
FXCM, Inc. Class A | 16,595 | 188,851 | |
GAMCO Investors, Inc. Class A | 7,076 | 328,609 | |
GFI Group, Inc. | 80,788 | 403,940 | |
Gleacher & Co., Inc. (a)(d) | 42,081 | 80,796 | |
Goldman Sachs Group, Inc. | 345,310 | 56,554,872 | |
| |||
Shares | Value | ||
Greenhill & Co., Inc. (d) | 22,710 | $ 1,631,259 | |
HFF, Inc. (a)(d) | 17,002 | 224,426 | |
International Assets Holding Corp. (a)(d) | 6,495 | 157,244 | |
Internet Capital Group, Inc. (a)(d) | 38,165 | 522,479 | |
Invesco Ltd. | 366,263 | 9,830,499 | |
Investment Technology Group, Inc. (a) | 36,048 | 690,319 | |
Janus Capital Group, Inc. | 156,245 | 2,098,370 | |
Jefferies Group, Inc. | 90,236 | 2,171,078 | |
JMP Group, Inc. | 3,457 | 29,523 | |
KBW, Inc. | 25,676 | 657,049 | |
Knight Capital Group, Inc. Class A (a)(d) | 74,358 | 1,041,756 | |
LaBranche & Co., Inc. (a)(d) | 68,828 | 289,078 | |
Ladenburg Thalmann Financial Services, Inc. (a) | 1,908 | 2,003 | |
Legg Mason, Inc. | 115,225 | 4,176,906 | |
LPL Investment Holdings, Inc. | 11,190 | 376,096 | |
Medallion Financial Corp. | 100 | 810 | |
MF Global Holdings Ltd. (a)(d) | 118,056 | 1,023,546 | |
Morgan Stanley | 1,104,554 | 32,783,163 | |
Northern Trust Corp. | 195,587 | 10,086,422 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 7,961 | 261,280 | |
optionsXpress Holdings, Inc. (d) | 43,413 | 703,725 | |
Paulson Capital Corp. (a) | 3,105 | 3,602 | |
Penson Worldwide, Inc. (a) | 22,876 | 150,524 | |
Piper Jaffray Companies (a)(d) | 16,738 | 688,769 | |
Raymond James Financial, Inc. | 80,871 | 3,098,977 | |
Safeguard Scientifics, Inc. (a)(d) | 27,743 | 582,048 | |
Sanders Morris Harris Group, Inc. | 28,032 | 197,065 | |
SEI Investments Co. (d) | 122,543 | 2,819,714 | |
State Street Corp. | 401,182 | 17,940,859 | |
Stifel Financial Corp. (a)(d) | 26,692 | 1,914,884 | |
SWS Group, Inc. | 28,138 | 151,664 | |
T. Rowe Price Group, Inc. | 206,440 | 13,827,351 | |
TD Ameritrade Holding Corp. (d) | 196,622 | 4,286,360 | |
Teton Advisors, Inc. (a) | 106 | 1,590 | |
TradeStation Group, Inc. (a)(d) | 56,768 | 382,049 | |
U.S. Global Investments, Inc. Class A | 8,884 | 69,562 | |
Virtus Investment Partners, Inc. (a) | 4,523 | 263,600 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,958 | 2,865,284 | |
Westwood Holdings Group, Inc. | 1,501 | 56,333 | |
| 278,886,781 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. | 10,000 | 195,700 | |
1st United Bancorp, Inc. (a) | 15,000 | 96,300 | |
ACNB Corp. | 4,408 | 67,442 | |
Alliance Financial Corp. | 3,000 | 95,190 | |
Ameris Bancorp | 16,909 | 170,612 | |
Arrow Financial Corp. | 11,279 | 282,426 | |
Associated Banc-Corp. (d) | 136,645 | 1,977,253 | |
BancFirst Corp. | 9,220 | 387,609 | |
BancorpSouth, Inc. (d) | 71,921 | 1,146,421 | |
BancTrust Financial Group, Inc. (a)(d) | 4,882 | 12,888 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Bank of Granite Corp. (a)(d) | 15,998 | $ 10,239 | |
Bank of Hawaii Corp. | 51,570 | 2,432,041 | |
Bank of the Ozarks, Inc. | 27,274 | 1,174,146 | |
Banner Corp. | 80,747 | 198,638 | |
Bar Harbor Bankshares | 3,125 | 90,781 | |
BB&T Corp. | 552,119 | 15,238,484 | |
BCB Bancorp, Inc. | 3,273 | 36,265 | |
BOK Financial Corp. (d) | 20,927 | 1,074,601 | |
Boston Private Financial Holdings, Inc. (d) | 58,029 | 411,426 | |
Bryn Mawr Bank Corp. | 7,149 | 149,772 | |
Capital City Bank Group, Inc. | 6,535 | 82,145 | |
CapitalSource, Inc. | 235,369 | 1,784,097 | |
Cardinal Financial Corp. | 10,620 | 118,201 | |
Cascade Bancorp (a)(d) | 1,796 | 16,649 | |
Cathay General Bancorp | 63,000 | 1,116,360 | |
Center Bancorp, Inc. (d) | 5,692 | 52,253 | |
Central Pacific Financial Corp. (a)(d) | 2,165 | 51,744 | |
Chemical Financial Corp. | 23,201 | 466,804 | |
CIT Group, Inc. (a) | 140,770 | 6,098,156 | |
Citizens & Northern Corp. | 10,210 | 160,399 | |
Citizens Banking Corp., Michigan (a)(d) | 281,585 | 236,785 | |
City Holding Co. (d) | 25,793 | 883,410 | |
City National Corp. | 38,448 | 2,264,972 | |
CoBiz, Inc. | 28,248 | 184,177 | |
Columbia Banking Systems, Inc. | 29,198 | 579,288 | |
Comerica, Inc. | 138,554 | 5,389,751 | |
Commerce Bancshares, Inc. | 63,332 | 2,543,413 | |
Community Bank System, Inc. | 31,618 | 795,509 | |
Community Capital Corp. (a) | 483 | 1,333 | |
Community Trust Bancorp, Inc. | 13,467 | 385,291 | |
Cullen/Frost Bankers, Inc. | 44,950 | 2,632,272 | |
CVB Financial Corp. (d) | 87,295 | 729,786 | |
Danvers Bancorp, Inc. | 21,111 | 461,064 | |
East West Bancorp, Inc. | 122,111 | 2,835,417 | |
Eastern Virgina Bankshares, Inc. | 955 | 3,715 | |
Enterprise Financial Services Corp. | 4,000 | 52,880 | |
Fidelity Southern Corp. | 3,634 | 30,816 | |
Fifth Third Bancorp | 730,314 | 10,662,584 | |
Financial Institutions, Inc. | 2,005 | 38,676 | |
First Bancorp, North Carolina | 10,694 | 157,630 | |
First Bancorp, Puerto Rico (a)(d) | 4,120 | 19,117 | |
First Busey Corp. (d) | 42,707 | 216,524 | |
First Citizen Bancshares, Inc. | 4,700 | 949,400 | |
First Commonwealth Financial Corp. (d) | 86,855 | 568,900 | |
First Community Bancshares, Inc. | 8,000 | 98,480 | |
First Financial Bancorp, Ohio | 45,155 | 764,474 | |
First Financial Bankshares, Inc. (d) | 23,918 | 1,200,684 | |
First Financial Corp., Indiana | 10,280 | 333,175 | |
First Horizon National Corp. | 201,971 | 2,322,667 | |
First Interstate Bancsystem, Inc. | 5,000 | 71,425 | |
First M&F Corp. | 2,524 | 9,692 | |
| |||
Shares | Value | ||
First Merchants Corp. | 29,096 | $ 258,663 | |
First Midwest Bancorp, Inc., Delaware (d) | 63,633 | 768,050 | |
First Republic Bank (d) | 9,000 | 263,250 | |
First United Corp. | 3,511 | 12,815 | |
FirstMerit Corp. | 83,421 | 1,422,328 | |
FNB Corp., North Carolina (a)(d) | 2,866 | 1,003 | |
FNB Corp., Pennsylvania | 100,799 | 1,011,014 | |
Fulton Financial Corp. | 155,049 | 1,688,484 | |
Glacier Bancorp, Inc. | 73,313 | 1,145,882 | |
Great Southern Bancorp, Inc. | 7,927 | 169,876 | |
Green Bankshares, Inc. (a)(d) | 8,074 | 27,694 | |
Guaranty Bancorp (a) | 16,227 | 20,608 | |
Hampton Roads Bankshares, Inc. (a) | 200,000 | 190,000 | |
Hancock Holding Co. (d) | 29,737 | 1,030,982 | |
Hanmi Financial Corp. (a)(d) | 244,842 | 306,053 | |
Hawthorn Bancshares, Inc. | 1,549 | 13,662 | |
Heartland Financial USA, Inc. | 8,001 | 135,777 | |
Heritage Commerce Corp. (a) | 17,114 | 77,355 | |
Heritage Financial Corp., Washington (a) | 14,852 | 222,186 | |
Home Bancshares, Inc. | 29,199 | 657,853 | |
Hudson Valley Holding Corp. | 6,330 | 134,956 | |
Huntington Bancshares, Inc. | 672,568 | 4,600,365 | |
IBERIABANK Corp. (d) | 22,732 | 1,302,316 | |
Independent Bank Corp. (a) | 1,331 | 5,191 | |
Independent Bank Corp., Massachusetts (d) | 30,181 | 820,621 | |
Integra Bank Corp. (a)(d) | 11,329 | 3,399 | |
International Bancshares Corp. | 45,000 | 859,050 | |
Intervest Bancshares Corp. Class A (a) | 7,165 | 19,560 | |
Investors Bancorp, Inc. (a) | 47,394 | 641,715 | |
KeyCorp | 695,390 | 6,355,865 | |
Lakeland Bancorp, Inc. | 10,500 | 101,115 | |
Lakeland Financial Corp. | 11,837 | 265,386 | |
M&T Bank Corp. | 89,148 | 7,849,481 | |
Macatawa Bank Corp. (a)(d) | 13,284 | 49,948 | |
MainSource Financial Group, Inc. | 8,776 | 87,233 | |
Marshall & Ilsley Corp. | 431,599 | 3,353,524 | |
MB Financial, Inc. | 44,667 | 918,800 | |
MBT Financial Corp. (a)(d) | 1,800 | 3,114 | |
Merchants Bancshares, Inc. | 4,149 | 105,800 | |
Metro Bancorp, Inc. (a) | 13,444 | 164,823 | |
Midsouth Bancorp, Inc. | 4,009 | 56,888 | |
Nara Bancorp, Inc. (a)(d) | 35,918 | 376,421 | |
National Penn Bancshares, Inc. (d) | 140,507 | 1,115,626 | |
NBT Bancorp, Inc. | 39,420 | 877,095 | |
NewBridge Bancorp (a) | 8,389 | 43,036 | |
North Valley Bancorp (a) | 988 | 10,394 | |
Northern States Financial Corp. (a)(d) | 1,314 | 2,247 | |
Northrim Bancorp, Inc. | 3,414 | 63,398 | |
Old National Bancorp, Indiana | 71,743 | 803,522 | |
Old Second Bancorp, Inc. (d) | 21,643 | 22,292 | |
OmniAmerican Bancorp, Inc. (a) | 8,000 | 125,360 | |
Oriental Financial Group, Inc. | 28,148 | 336,932 | |
Pacific Capital Bancorp NA (a)(d) | 4,159 | 120,320 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Pacific Premier Bancorp, Inc. (a) | 40 | $ 274 | |
PacWest Bancorp | 37,815 | 783,149 | |
Park National Corp. | 10,079 | 663,501 | |
Peoples Bancorp, Inc. | 1,660 | 22,427 | |
Peoples Financial Corp., Mississippi | 3,102 | 51,586 | |
Pinnacle Financial Partners, Inc. (a)(d) | 34,998 | 558,218 | |
PNC Financial Services Group, Inc. | 421,885 | 26,030,305 | |
Popular, Inc. (a) | 800,000 | 2,600,000 | |
Preferred Bank, Los Angeles California (a) | 6,582 | 9,939 | |
Premier Financial Bancorp, Inc. | 134 | 909 | |
Princeton National Bancorp, Inc. (a)(d) | 2,956 | 16,583 | |
PrivateBancorp, Inc. (d) | 58,654 | 839,925 | |
Prosperity Bancshares, Inc. (d) | 38,585 | 1,575,040 | |
Regions Financial Corp. | 986,867 | 7,539,664 | |
Renasant Corp. (d) | 26,193 | 420,922 | |
Republic Bancorp, Inc., Kentucky Class A (d) | 21,178 | 362,991 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 3,140 | 5,605 | |
S&T Bancorp, Inc. | 33,224 | 740,895 | |
S.Y. Bancorp, Inc. | 7,621 | 189,001 | |
Sandy Spring Bancorp, Inc. | 14,605 | 278,809 | |
SCBT Financial Corp. | 12,206 | 395,352 | |
Seacoast Banking Corp., Florida (a)(d) | 15,254 | 25,017 | |
Shore Bancshares, Inc. | 3,440 | 34,331 | |
Signature Bank, New York (a)(d) | 34,658 | 1,798,404 | |
Simmons First National Corp. Class A (d) | 12,739 | 366,628 | |
Southside Bancshares, Inc. (d) | 10,593 | 241,626 | |
Southwest Bancorp, Inc., Oklahoma (a) | 17,968 | 255,685 | |
State Bancorp, Inc., New York | 4,423 | 46,530 | |
StellarOne Corp. | 13,915 | 204,968 | |
Sterling Bancorp, New York | 19,177 | 192,537 | |
Sterling Bancshares, Inc. | 95,935 | 868,212 | |
Sterling Financial Corp., Washington (a)(d) | 6,738 | 114,546 | |
Suffolk Bancorp (d) | 11,495 | 236,682 | |
Sun Bancorp, Inc., New Jersey (a)(d) | 3,985 | 17,454 | |
SunTrust Banks, Inc. | 397,566 | 11,994,566 | |
Superior Bancorp (a)(d) | 3,571 | 1,857 | |
Susquehanna Bancshares, Inc. (d) | 119,983 | 1,147,037 | |
SVB Financial Group (a)(d) | 33,142 | 1,795,634 | |
Synovus Financial Corp. | 602,626 | 1,536,696 | |
Taylor Capital Group, Inc. (a)(d) | 9,945 | 106,014 | |
TCF Financial Corp. | 104,758 | 1,700,222 | |
Texas Capital Bancshares, Inc. (a)(d) | 37,386 | 943,623 | |
TIB Financial Corp. (a)(d) | 250 | 4,875 | |
Tompkins Financial Corp. | 7,085 | 290,485 | |
Tower Bancorp, Inc. | 11,446 | 262,457 | |
TowneBank (d) | 21,000 | 312,690 | |
Trico Bancshares (d) | 14,031 | 227,723 | |
Trustmark Corp. | 48,414 | 1,135,308 | |
| |||
Shares | Value | ||
U.S. Bancorp, Delaware | 1,534,324 | $ 42,546,805 | |
UMB Financial Corp. | 26,040 | 1,038,475 | |
Umpqua Holdings Corp. | 103,930 | 1,188,959 | |
Union/First Market Bankshares Corp. | 12,420 | 142,954 | |
United Bankshares, Inc., West Virginia (d) | 33,000 | 945,120 | |
United Community Banks, Inc., Georgia (a) | 79,388 | 108,762 | |
Univest Corp. of Pennsylvania | 4,000 | 72,160 | |
Valley National Bancorp (d) | 130,000 | 1,771,900 | |
Virginia Commerce Bancorp, Inc. (a)(d) | 31,207 | 184,121 | |
VIST Financial Corp. | 1,594 | 14,266 | |
Washington Banking Co., Oak Harbor | 6,532 | 92,101 | |
Washington Trust Bancorp, Inc. | 11,301 | 259,697 | |
Webster Financial Corp. | 61,869 | 1,434,123 | |
Wells Fargo & Co. | 3,984,198 | 128,530,227 | |
WesBanco, Inc. | 21,326 | 444,434 | |
West Coast Bancorp (a)(d) | 40,219 | 135,538 | |
Westamerica Bancorp. | 24,429 | 1,260,048 | |
Western Alliance Bancorp. (a) | 56,306 | 456,642 | |
Whitney Holding Corp. | 89,467 | 1,268,642 | |
Wilmington Trust Corp., Delaware | 66,212 | 297,292 | |
Wilshire Bancorp, Inc. (d) | 23,232 | 153,564 | |
Wintrust Financial Corp. | 29,600 | 993,968 | |
Zions Bancorporation | 134,784 | 3,148,554 | |
| 369,072,931 | ||
Consumer Finance - 0.6% | |||
Advance America Cash Advance Centers, Inc. | 28,794 | 154,912 | |
American Express Co. | 852,552 | 37,145,691 | |
Capital One Financial Corp. | 364,175 | 18,124,990 | |
Cash America International, Inc. (d) | 24,883 | 1,062,753 | |
CompuCredit Holdings Corp. (a)(d) | 12,844 | 85,541 | |
Consumer Portfolio Services, Inc. (a) | 2,866 | 3,583 | |
Credit Acceptance Corp. (a)(d) | 4,022 | 283,953 | |
Discover Financial Services | 430,878 | 9,371,597 | |
Dollar Financial Corp. (a)(d) | 31,121 | 665,678 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 38,049 | 1,091,245 | |
First Cash Financial Services, Inc. (a)(d) | 23,673 | 775,054 | |
First Marblehead Corp. (a)(d) | 60,351 | 140,618 | |
Green Dot Corp. Class A (d) | 6,598 | 344,482 | |
Imperial Holdings, Inc. (a) | 13,442 | 147,055 | |
Nelnet, Inc. Class A | 25,839 | 576,985 | |
Netspend Holdings, Inc. | 13,348 | 174,992 | |
SLM Corp. (a) | 385,259 | 5,709,538 | |
World Acceptance Corp. (a)(d) | 17,760 | 1,062,226 | |
| 76,920,893 | ||
Diversified Financial Services - 3.5% | |||
Asset Acceptance Capital Corp. (a)(d) | 7,523 | 44,235 | |
Asta Funding, Inc. | 5,197 | 44,954 | |
Bank of America Corp. | 7,933,735 | 113,373,073 | |
CBOE Holdings, Inc. | 9,477 | 280,424 | |
Citigroup, Inc. (a) | 23,136,334 | 108,278,043 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Diversified Financial Services - continued | |||
CME Group, Inc. | 53,864 | $ 16,766,786 | |
Compass Diversified Holdings (d) | 24,160 | 391,634 | |
Encore Capital Group, Inc. (a)(d) | 11,268 | 306,828 | |
Gain Capital Holdings, Inc. | 12,604 | 97,555 | |
Interactive Brokers Group, Inc. | 41,838 | 646,397 | |
IntercontinentalExchange, Inc. (a) | 57,910 | 7,424,062 | |
JPMorgan Chase & Co. | 3,128,964 | 146,091,329 | |
Leucadia National Corp. | 149,614 | 4,956,712 | |
Life Partners Holdings, Inc. (d) | 21,716 | 179,374 | |
MarketAxess Holdings, Inc. | 26,498 | 566,792 | |
Marlin Business Services Corp. (a) | 13,466 | 149,473 | |
MicroFinancial, Inc. | 100 | 478 | |
Moody's Corp. | 157,942 | 5,038,350 | |
MSCI, Inc. Class A (a)(d) | 92,862 | 3,296,601 | |
NewStar Financial, Inc. (a) | 20,000 | 211,800 | |
NYSE Euronext | 204,464 | 7,565,168 | |
PHH Corp. (a)(d) | 52,500 | 1,295,700 | |
PICO Holdings, Inc. (a)(d) | 19,316 | 573,878 | |
Portfolio Recovery Associates, Inc. (a) | 13,913 | 1,159,649 | |
Resource America, Inc. Class A | 2,747 | 17,389 | |
The NASDAQ Stock Market, Inc. (a) | 124,161 | 3,552,246 | |
| 422,308,930 | ||
Insurance - 4.0% | |||
21st Century Holding Co. | 1,486 | 4,948 | |
ACE Ltd. | 268,150 | 16,960,488 | |
AFLAC, Inc. | 373,218 | 21,967,611 | |
Alleghany Corp. | 5,797 | 1,975,328 | |
Allied World Assurance Co. Holdings Ltd. | 32,622 | 2,013,104 | |
Allstate Corp. | 400,006 | 12,712,191 | |
American Equity Investment Life Holding Co. (d) | 59,688 | 787,882 | |
American Financial Group, Inc. | 56,882 | 1,969,824 | |
American Independence Corp. (a) | 587 | 3,082 | |
American International Group, Inc. (a)(d) | 98,067 | 3,634,363 | |
American National Insurance Co. | 12,119 | 984,911 | |
Amerisafe, Inc. (a) | 26,805 | 535,028 | |
Amtrust Financial Services, Inc. (d) | 27,691 | 532,498 | |
Aon Corp. | 233,854 | 12,310,075 | |
Arch Capital Group Ltd. (a)(d) | 36,093 | 3,266,417 | |
Argo Group International Holdings, Ltd. | 30,409 | 1,158,279 | |
Arthur J. Gallagher & Co. | 81,950 | 2,573,230 | |
Aspen Insurance Holdings Ltd. (d) | 52,864 | 1,562,131 | |
Assurant, Inc. | 85,940 | 3,491,742 | |
Assured Guaranty Ltd. | 133,163 | 1,934,858 | |
Axis Capital Holdings Ltd. | 88,537 | 3,215,664 | |
Baldwin & Lyons, Inc. Class B | 4,120 | 100,487 | |
Berkshire Hathaway, Inc. Class B (a) | 1,529,043 | 133,454,873 | |
Brown & Brown, Inc. | 92,624 | 2,421,191 | |
Cincinnati Financial Corp. (d) | 117,516 | 4,001,420 | |
Citizens, Inc. Class A (a)(d) | 10,251 | 76,472 | |
| |||
Shares | Value | ||
CNA Financial Corp. | 15,858 | $ 466,860 | |
CNA Surety Corp. (a) | 10,202 | 257,907 | |
CNO Financial Group, Inc. (a) | 192,391 | 1,392,911 | |
Crawford & Co. Class B | 12,173 | 53,561 | |
Delphi Financial Group, Inc. Class A | 36,189 | 1,120,411 | |
Donegal Group, Inc. Class A | 4,000 | 51,040 | |
eHealth, Inc. (a)(d) | 26,465 | 331,871 | |
EMC Insurance Group | 5,875 | 143,409 | |
Employers Holdings, Inc. | 42,267 | 850,412 | |
Endurance Specialty Holdings Ltd. (d) | 38,455 | 1,906,983 | |
Enstar Group Ltd. (a)(d) | 5,811 | 487,310 | |
Erie Indemnity Co. Class A | 22,876 | 1,597,660 | |
Everest Re Group Ltd. | 41,456 | 3,675,074 | |
FBL Financial Group, Inc. Class A | 15,106 | 471,911 | |
Fidelity National Financial, Inc. Class A | 162,508 | 2,250,736 | |
First Acceptance Corp. (a) | 4,717 | 8,538 | |
First American Financial Corp. | 116,084 | 1,829,484 | |
Flagstone Reinsurance Holdings Ltd. | 22,474 | 256,204 | |
Fortegra Financial Corp. (a) | 9,356 | 106,658 | |
FPIC Insurance Group, Inc. (a)(d) | 16,239 | 611,561 | |
Genworth Financial, Inc. Class A (a) | 381,393 | 5,045,829 | |
Global Indemnity PLC (a) | 15,947 | 355,618 | |
Greenlight Capital Re, Ltd. (a)(d) | 18,783 | 543,580 | |
Hanover Insurance Group, Inc. (d) | 33,881 | 1,574,450 | |
Harleysville Group, Inc. | 9,568 | 349,710 | |
Hartford Financial Services Group, Inc. | 350,791 | 10,383,414 | |
HCC Insurance Holdings, Inc. (d) | 82,771 | 2,577,489 | |
Hilltop Holdings, Inc. (a) | 49,607 | 480,196 | |
Horace Mann Educators Corp. | 44,112 | 747,698 | |
Independence Holding Co. | 2,923 | 24,758 | |
Infinity Property & Casualty Corp. | 15,555 | 944,344 | |
Investors Title Co. | 1,263 | 40,126 | |
Kansas City Life Insurance Co. | 1,314 | 44,860 | |
Lincoln National Corp. | 249,317 | 7,908,335 | |
Loews Corp. | 269,586 | 11,659,595 | |
Maiden Holdings Ltd. | 60,916 | 486,719 | |
Markel Corp. (a)(d) | 7,835 | 3,256,618 | |
Marsh & McLennan Companies, Inc. | 429,592 | 13,076,780 | |
MBIA, Inc. (a)(d) | 134,421 | 1,506,859 | |
Meadowbrook Insurance Group, Inc. (d) | 54,430 | 553,009 | |
Mercury General Corp. | 16,723 | 687,984 | |
MetLife, Inc. | 557,168 | 26,387,476 | |
Montpelier Re Holdings Ltd. (d) | 72,173 | 1,455,729 | |
National Financial Partners Corp. (a)(d) | 44,490 | 629,089 | |
National Security Group, Inc. | 1,845 | 24,465 | |
National Western Life Insurance Co. Class A | 1,133 | 198,139 | |
Navigators Group, Inc. (a)(d) | 12,414 | 651,238 | |
Old Republic International Corp. | 185,028 | 2,312,850 | |
OneBeacon Insurance Group Ltd. | 23,931 | 327,855 | |
PartnerRe Ltd. | 55,614 | 4,410,190 | |
Phoenix Companies, Inc. (a)(d) | 71,358 | 189,812 | |
Platinum Underwriters Holdings Ltd. | 38,282 | 1,596,359 | |
Presidential Life Corp. | 6,351 | 63,637 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Primerica, Inc. (d) | 14,313 | $ 368,703 | |
Principal Financial Group, Inc. | 236,559 | 8,104,511 | |
ProAssurance Corp. (a) | 25,095 | 1,589,266 | |
Progressive Corp. | 485,064 | 10,103,883 | |
Protective Life Corp. | 64,249 | 1,826,599 | |
Prudential Financial, Inc. | 387,848 | 25,532,034 | |
Reinsurance Group of America, Inc. | 73,923 | 4,464,210 | |
RenaissanceRe Holdings Ltd. | 44,781 | 3,001,223 | |
RLI Corp. | 15,165 | 870,623 | |
Safety Insurance Group, Inc. | 17,332 | 834,016 | |
SeaBright Insurance Holdings, Inc. | 44,303 | 466,511 | |
Selective Insurance Group, Inc. | 40,110 | 729,200 | |
StanCorp Financial Group, Inc. (d) | 43,542 | 2,002,932 | |
State Auto Financial Corp. | 7,238 | 125,073 | |
Stewart Information Services Corp. | 24,933 | 278,003 | |
Symetra Financial Corp. | 66,009 | 943,929 | |
The Chubb Corp. | 241,346 | 14,644,875 | |
The Travelers Companies, Inc. | 365,653 | 21,913,584 | |
Torchmark Corp. | 64,339 | 4,198,120 | |
Tower Group, Inc. (d) | 37,952 | 1,031,535 | |
Transatlantic Holdings, Inc. | 51,931 | 2,644,846 | |
Unico American Corp. | 4,102 | 38,969 | |
United Fire & Casualty Co. | 23,328 | 482,656 | |
Unitrin, Inc. | 41,693 | 1,221,188 | |
Universal Insurance Holdings, Inc. | 18,086 | 104,356 | |
Unum Group | 259,177 | 6,875,966 | |
Validus Holdings Ltd. | 56,912 | 1,761,426 | |
W.R. Berkley Corp. (d) | 98,803 | 2,959,150 | |
Wesco Financial Corp. | 707 | 276,550 | |
White Mountains Insurance Group Ltd. | 6,545 | 2,485,464 | |
XL Group PLC Class A | 249,983 | 5,837,103 | |
| 479,729,912 | ||
Real Estate Investment Trusts - 2.7% | |||
Acadia Realty Trust (SBI) (d) | 47,057 | 931,729 | |
Agree Realty Corp. (d) | 8,779 | 224,128 | |
Alexanders, Inc. | 2,552 | 1,009,903 | |
Alexandria Real Estate Equities, Inc. (d) | 42,174 | 3,382,355 | |
AMB Property Corp. (SBI) (d) | 128,160 | 4,662,461 | |
American Assets Trust, Inc. | 19,204 | 414,038 | |
American Campus Communities, Inc. | 55,800 | 1,864,836 | |
American Capital Agency Corp. (d) | 37,382 | 1,100,900 | |
Annaly Capital Management, Inc. | 613,844 | 11,006,223 | |
Anworth Mortgage Asset Corp. (d) | 145,796 | 1,040,983 | |
Apartment Investment & Management Co. Class A | 90,540 | 2,322,351 | |
Apollo Commercial Real Estate Finance, Inc. | 20,832 | 354,561 | |
Arbor Realty Trust, Inc. (a) | 16,496 | 117,452 | |
Armour Residential REIT, Inc. | 52,512 | 387,539 | |
Ashford Hospitality Trust, Inc. (d) | 78,987 | 814,356 | |
Associated Estates Realty Corp. | 30,533 | 496,161 | |
| |||
Shares | Value | ||
AvalonBay Communities, Inc. (d) | 66,000 | $ 7,987,980 | |
BioMed Realty Trust, Inc. | 99,284 | 1,802,005 | |
Boston Properties, Inc. (d) | 109,060 | 10,461,035 | |
Brandywine Realty Trust (SBI) (d) | 114,604 | 1,409,629 | |
BRE Properties, Inc. | 46,920 | 2,229,169 | |
BRT Realty Trust (a) | 6,477 | 41,841 | |
Camden Property Trust (SBI) (d) | 49,657 | 2,938,205 | |
Campus Crest Communities, Inc. | 22,696 | 325,007 | |
Capital Trust, Inc. Class A (a) | 10,158 | 28,646 | |
CapLease, Inc. | 46,274 | 248,491 | |
Capstead Mortgage Corp. (d) | 66,807 | 877,844 | |
CBL & Associates Properties, Inc. (d) | 122,516 | 2,186,911 | |
Cedar Shopping Centers, Inc. | 41,816 | 253,405 | |
Chesapeake Lodging Trust | 21,388 | 397,817 | |
Chimera Investment Corp. (d) | 780,032 | 3,361,938 | |
Cogdell Spencer, Inc. (d) | 34,366 | 220,286 | |
Colonial Properties Trust (SBI) | 71,025 | 1,399,903 | |
Colony Financial, Inc. | 13,410 | 284,963 | |
CommonWealth REIT | 55,801 | 1,602,047 | |
Coresite Realty Corp. | 18,058 | 280,621 | |
Corporate Office Properties Trust (SBI) (d) | 50,620 | 1,815,739 | |
Cousins Properties, Inc. | 99,501 | 843,768 | |
Crexus Investment Corp. | 10,069 | 132,911 | |
Cypress Sharpridge Investments, Inc. (d) | 42,317 | 527,270 | |
DCT Industrial Trust, Inc. (d) | 180,385 | 1,013,764 | |
Developers Diversified Realty Corp. | 147,197 | 2,104,917 | |
DiamondRock Hospitality Co. (a)(d) | 107,551 | 1,264,800 | |
Digital Realty Trust, Inc. (d) | 68,561 | 4,032,758 | |
Douglas Emmett, Inc. (d) | 104,380 | 1,957,125 | |
Duke Realty LP (d) | 196,312 | 2,762,110 | |
DuPont Fabros Technology, Inc. (d) | 45,229 | 1,104,492 | |
EastGroup Properties, Inc. (d) | 28,128 | 1,280,668 | |
Education Realty Trust, Inc. | 55,549 | 458,279 | |
Entertainment Properties Trust (SBI) (d) | 35,700 | 1,701,819 | |
Equity Lifestyle Properties, Inc. | 25,578 | 1,484,547 | |
Equity One, Inc. (d) | 39,132 | 748,986 | |
Equity Residential (SBI) | 223,940 | 12,341,333 | |
Essex Property Trust, Inc. (d) | 22,071 | 2,731,948 | |
Excel Trust, Inc. | 35,087 | 428,412 | |
Extra Space Storage, Inc. | 77,216 | 1,525,016 | |
Federal Realty Investment Trust (SBI) | 44,198 | 3,720,588 | |
FelCor Lodging Trust, Inc. (a)(d) | 96,391 | 729,680 | |
First Industrial Realty Trust, Inc. (a)(d) | 65,380 | 732,910 | |
First Potomac Realty Trust | 52,304 | 843,664 | |
Franklin Street Properties Corp. (d) | 67,924 | 1,020,898 | |
General Growth Properties, Inc. | 330,254 | 5,257,644 | |
Getty Realty Corp. (d) | 26,651 | 784,072 | |
Gladstone Commercial Corp. | 1,075 | 19,737 | |
Glimcher Realty Trust (d) | 77,230 | 710,516 | |
Government Properties Income Trust | 22,979 | 624,339 | |
Gramercy Capital Corp. (a)(d) | 15,559 | 81,840 | |
Hatteras Financial Corp. | 43,371 | 1,282,914 | |
HCP, Inc. (d) | 287,067 | 10,908,546 | |
Health Care REIT, Inc. (d) | 111,562 | 5,825,768 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Healthcare Realty Trust, Inc. (d) | 50,617 | $ 1,179,376 | |
Hersha Hospitality Trust | 146,447 | 962,157 | |
Highwoods Properties, Inc. (SBI) (d) | 50,921 | 1,727,750 | |
Home Properties, Inc. | 28,080 | 1,654,474 | |
Hospitality Properties Trust (SBI) | 92,295 | 2,122,785 | |
Host Hotels & Resorts, Inc. (d) | 514,488 | 9,466,579 | |
Hudson Pacific Properties, Inc. | 10,000 | 150,500 | |
Inland Real Estate Corp. | 68,617 | 646,372 | |
Institutional Financial Markets, Inc. (a)(d) | 8,005 | 41,146 | |
Invesco Mortgage Capital, Inc. | 42,453 | 990,853 | |
Investors Real Estate Trust | 81,254 | 757,287 | |
iStar Financial, Inc. (a)(d) | 83,192 | 831,088 | |
Kilroy Realty Corp. (d) | 46,235 | 1,791,606 | |
Kimco Realty Corp. | 309,676 | 6,001,521 | |
Kite Realty Group Trust | 35,429 | 199,820 | |
LaSalle Hotel Properties (SBI) | 51,383 | 1,449,514 | |
Lexington Corporate Properties Trust | 126,084 | 1,194,015 | |
Liberty Property Trust (SBI) (d) | 82,573 | 2,788,490 | |
LTC Properties, Inc. | 31,300 | 914,586 | |
Mack-Cali Realty Corp. | 54,500 | 1,849,730 | |
Medical Properties Trust, Inc. | 102,197 | 1,198,771 | |
MFA Financial, Inc. | 225,363 | 1,908,825 | |
Mid-America Apartment Communities, Inc. | 25,168 | 1,635,165 | |
Mission West Properties, Inc. | 21,235 | 145,460 | |
Monmouth Real Estate Investment Corp. Class A | 6,448 | 53,260 | |
MPG Office Trust, Inc. (a)(d) | 45,085 | 178,086 | |
National Health Investors, Inc. (d) | 21,217 | 1,008,232 | |
National Retail Properties, Inc. (d) | 59,502 | 1,528,606 | |
Nationwide Health Properties, Inc. | 103,491 | 4,423,205 | |
NorthStar Realty Finance Corp. | 106,156 | 635,874 | |
Omega Healthcare Investors, Inc. (d) | 74,486 | 1,785,429 | |
One Liberty Properties, Inc. | 13,099 | 194,913 | |
Parkway Properties, Inc. | 34,871 | 565,259 | |
Pebblebrook Hotel Trust | 28,263 | 620,090 | |
Pennsylvania Real Estate Investment Trust (SBI) | 63,690 | 919,684 | |
Pennymac Mortgage Investment Trust (d) | 28,180 | 531,193 | |
Piedmont Office Realty Trust, Inc. Class A (d) | 107,070 | 2,141,400 | |
Plum Creek Timber Co., Inc. | 123,109 | 5,165,654 | |
Post Properties, Inc. (d) | 42,576 | 1,660,464 | |
Potlatch Corp. | 30,259 | 1,161,946 | |
ProLogis Trust | 446,763 | 7,264,366 | |
PS Business Parks, Inc. | 19,154 | 1,207,468 | |
Public Storage | 112,288 | 12,604,328 | |
RAIT Financial Trust (SBI) (d) | 74,227 | 253,856 | |
Ramco-Gershenson Properties Trust (SBI) (d) | 27,394 | 370,093 | |
Rayonier, Inc. | 57,591 | 3,532,056 | |
Realty Income Corp. | 85,414 | 3,072,342 | |
| |||
Shares | Value | ||
Redwood Trust, Inc. | 70,831 | $ 1,160,212 | |
Regency Centers Corp. (d) | 59,047 | 2,671,877 | |
Resource Capital Corp. | 19,474 | 144,302 | |
Sabra Health Care REIT, Inc. | 51,918 | 956,330 | |
Saul Centers, Inc. | 12,825 | 589,950 | |
Senior Housing Properties Trust (SBI) | 93,166 | 2,286,294 | |
Simon Property Group, Inc. | 234,981 | 25,857,309 | |
SL Green Realty Corp. | 59,980 | 4,542,285 | |
Sovran Self Storage, Inc. (d) | 25,331 | 982,843 | |
Starwood Property Trust, Inc. | 52,143 | 1,219,625 | |
Strategic Hotel & Resorts, Inc. (a)(d) | 140,584 | 913,796 | |
Sun Communities, Inc. (d) | 32,457 | 1,122,363 | |
Sunstone Hotel Investors, Inc. (a)(d) | 91,009 | 977,437 | |
Tanger Factory Outlet Centers, Inc. (d) | 67,332 | 1,794,398 | |
Taubman Centers, Inc. (d) | 41,298 | 2,291,213 | |
Terreno Realty Corp. | 12,752 | 233,744 | |
The Macerich Co. (d) | 100,053 | 5,066,684 | |
Transcontinental Realty Investors, Inc. (a) | 600 | 2,502 | |
Two Harbors Investment Corp. | 31,201 | 344,771 | |
U-Store-It Trust (d) | 65,664 | 673,056 | |
UDR, Inc. (d) | 133,938 | 3,257,372 | |
UMH Properties, Inc. | 5,458 | 56,545 | |
Universal Health Realty Income Trust (SBI) | 9,854 | 391,894 | |
Urstadt Biddle Properties, Inc. | 365 | 5,928 | |
Urstadt Biddle Properties, Inc. Class A | 30,152 | 584,647 | |
Ventas, Inc. | 121,464 | 6,731,535 | |
Vornado Realty Trust | 142,712 | 13,319,311 | |
Walter Investment Management Corp. | 20,501 | 401,615 | |
Washington (REIT) (SBI) | 47,678 | 1,489,461 | |
Weingarten Realty Investors (SBI) (d) | 90,424 | 2,339,269 | |
Weyerhaeuser Co. | 419,640 | 10,243,412 | |
Winthrop Realty Trust | 13,788 | 168,214 | |
| 326,577,365 | ||
Real Estate Management & Development - 0.2% | |||
Avatar Holdings, Inc. (a) | 7,198 | 153,317 | |
Brookfield Properties Corp. | 214,355 | 3,760,730 | |
CB Richard Ellis Group, Inc. Class A (a) | 234,337 | 5,867,798 | |
Consolidated-Tomoka Land Co. | 2,829 | 96,978 | |
Forest City Enterprises, Inc. Class A (a)(d) | 93,347 | 1,764,258 | |
Forestar Group, Inc. (a)(d) | 26,562 | 511,584 | |
Grubb & Ellis Co. (a)(d) | 43,653 | 48,018 | |
Howard Hughes Corp. (a) | 28,213 | 1,629,865 | |
Jones Lang LaSalle, Inc. | 32,006 | 3,150,031 | |
Kennedy-Wilson Holdings, Inc. (a)(d) | 24,000 | 264,000 | |
Maui Land & Pineapple, Inc. (a) | 300 | 2,211 | |
Tejon Ranch Co. (a)(d) | 13,194 | 347,134 | |
The St. Joe Co. (a)(d) | 69,658 | 1,865,441 | |
Thomas Properties Group, Inc. (a)(d) | 17,236 | 58,085 | |
| 19,519,450 | ||
Thrifts & Mortgage Finance - 0.3% | |||
Abington Bancorp, Inc. | 11,402 | 142,525 | |
Anchor BanCorp Wisconsin, Inc. (a)(d) | 23,617 | 25,506 | |
Astoria Financial Corp. (d) | 81,000 | 1,135,620 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Bank Mutual Corp. | 51,972 | $ 240,111 | |
BankAtlantic Bancorp, Inc. (non-vtg.) Class A (a)(d) | 2,150 | 2,236 | |
BankFinancial Corp. | 10,309 | 90,204 | |
BankUnited, Inc. | 21,177 | 600,368 | |
BCSB Bancorp, Inc. (a) | 1,892 | 23,953 | |
Beneficial Mutual Bancorp, Inc. (a)(d) | 40,486 | 364,374 | |
Berkshire Hills Bancorp, Inc. (d) | 10,481 | 236,451 | |
BofI Holding, Inc. (a)(d) | 10,143 | 153,362 | |
Brookline Bancorp, Inc., Delaware | 98,980 | 1,028,402 | |
Camco Financial Corp. (a) | 404 | 861 | |
Capitol Federal Financial, Inc. | 129,436 | 1,636,071 | |
CFS Bancorp, Inc. | 800 | 4,520 | |
Citizens South Banking Corp., Delaware | 4,679 | 22,459 | |
Clifton Savings Bancorp, Inc. | 17,436 | 198,770 | |
Dime Community Bancshares, Inc. | 60,349 | 936,616 | |
Doral Financial Corp. (a) | 1,074 | 1,418 | |
ESB Financial Corp. (d) | 6,022 | 83,465 | |
ESSA Bancorp, Inc. | 5,000 | 65,000 | |
Farmer Mac Class C (non-vtg.) | 7,000 | 139,510 | |
First Defiance Financial Corp. (a) | 3,662 | 51,268 | |
First Financial Holdings, Inc. | 7,180 | 76,539 | |
First Financial Service Corp. (a) | 2,933 | 11,996 | |
First Niagara Financial Group, Inc. (d) | 153,000 | 2,215,440 | |
First Place Financial Corp. (a)(d) | 7,637 | 24,820 | |
Flagstar Bancorp, Inc. (a) | 282,825 | 494,944 | |
Flushing Financial Corp. | 24,451 | 350,138 | |
Guaranty Federal Bancshares, Inc. (a) | 1,075 | 6,558 | |
HF Financial Corp. | 3,182 | 35,002 | |
Hingham Institution for Savings | 1,751 | 87,988 | |
Hudson City Bancorp, Inc. | 389,464 | 4,478,836 | |
Indiana Community Bancorp | 2,634 | 40,959 | |
Kaiser Federal Financial Group, Inc. | 8,500 | 114,665 | |
MGIC Investment Corp. (a)(d) | 151,018 | 1,297,245 | |
NASB Financial, Inc. (d) | 1,400 | 21,112 | |
New York Community Bancorp, Inc. | 337,657 | 6,300,680 | |
NewAlliance Bancshares, Inc. | 85,443 | 1,336,329 | |
Northwest Bancshares, Inc. | 86,194 | 1,046,395 | |
OceanFirst Financial Corp. | 6,806 | 94,331 | |
Ocwen Financial Corp. (a)(d) | 53,024 | 560,994 | |
Oritani Financial Corp. | 29,198 | 375,778 | |
Parkvale Financial Corp. | 597 | 6,621 | |
People's United Financial, Inc. | 298,295 | 3,931,528 | |
Provident Financial Holdings, Inc. | 1,612 | 13,492 | |
Provident Financial Services, Inc. (d) | 65,598 | 971,506 | |
Provident New York Bancorp | 51,443 | 487,680 | |
PVF Capital Corp. (a) | 13,862 | 27,585 | |
Radian Group, Inc. | 97,912 | 691,259 | |
Riverview Bancorp, Inc. (a) | 7,997 | 24,071 | |
Territorial Bancorp, Inc. | 10,000 | 197,900 | |
TF Financial Corp. | 1,984 | 40,692 | |
| |||
Shares | Value | ||
TFS Financial Corp. (d) | 93,938 | $ 975,076 | |
The PMI Group, Inc. (a)(d) | 92,179 | 272,850 | |
Timberland Bancorp, Inc. | 5,856 | 34,140 | |
Tree.com, Inc. (a) | 3,810 | 25,946 | |
Trustco Bank Corp., New York | 84,969 | 512,363 | |
United Community Financial Corp., Ohio (a) | 12,927 | 19,520 | |
ViewPoint Financial Group | 28,177 | 374,191 | |
Walker & Dunlop, Inc. | 12,742 | 155,580 | |
Washington Federal, Inc. | 92,827 | 1,649,536 | |
Westfield Financial, Inc. | 33,627 | 305,333 | |
WSFS Financial Corp. | 7,336 | 343,472 | |
| 37,214,160 | ||
TOTAL FINANCIALS | 2,010,230,422 | ||
HEALTH CARE - 10.9% | |||
Biotechnology - 1.5% | |||
Aastrom Biosciences, Inc. (a)(d) | 91,262 | 198,039 | |
Acadia Pharmaceuticals, Inc. (a) | 22,950 | 34,655 | |
Achillion Pharmaceuticals, Inc. (a) | 33,302 | 193,485 | |
Acorda Therapeutics, Inc. (a)(d) | 30,000 | 629,100 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 16,006 | 33,773 | |
Affymax, Inc. (a) | 48,191 | 307,459 | |
Agenus, Inc. (a)(d) | 5,388 | 4,903 | |
Alexion Pharmaceuticals, Inc. (a)(d) | 70,613 | 6,798,620 | |
Alkermes, Inc. (a) | 76,000 | 1,089,080 | |
Allos Therapeutics, Inc. (a)(d) | 86,420 | 288,643 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 32,109 | 352,557 | |
AMAG Pharmaceuticals, Inc. (a)(d) | 30,416 | 559,959 | |
Amgen, Inc. (a) | 769,320 | 39,489,196 | |
Amylin Pharmaceuticals, Inc. (a)(d) | 103,288 | 1,580,306 | |
Anacor Pharmaceuticals, Inc. | 10,000 | 79,300 | |
Anadys Pharmaceuticals, Inc. (a) | 20,000 | 24,200 | |
Anthera Pharmaceuticals, Inc. (d) | 14,176 | 77,117 | |
Arena Pharmaceuticals, Inc. (a)(d) | 226,575 | 367,052 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 98,283 | 590,681 | |
ArQule, Inc. (a)(d) | 61,525 | 391,914 | |
Array Biopharma, Inc. (a)(d) | 66,004 | 184,811 | |
AVEO Pharmaceuticals, Inc. | 23,886 | 329,149 | |
AVI BioPharma, Inc. (a)(d) | 131,618 | 263,236 | |
Avigen, Inc. rights (a) | 1,600 | 0 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 33,140 | 143,828 | |
Biogen Idec, Inc. (a) | 181,936 | 12,444,422 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 85,226 | 2,084,628 | |
Biosante Pharmaceuticals, Inc. (a) | 80,835 | 173,795 | |
BioTime, Inc. (a)(d) | 13,700 | 94,393 | |
Capstone Therapeutics Corp. (a) | 7,445 | 3,425 | |
Cardium Therapeutics, Inc. (a)(d) | 215,329 | 80,318 | |
Cel-Sci Corp. (a)(d) | 266,957 | 176,325 | |
Celera Corp. (a)(d) | 65,299 | 415,302 | |
Celgene Corp. (a) | 367,509 | 19,514,728 | |
Cell Therapeutics, Inc. (a)(d) | 522,189 | 146,213 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a)(d) | 34,480 | $ 135,506 | |
Cephalon, Inc. (a)(d) | 57,577 | 3,242,161 | |
Cepheid, Inc. (a)(d) | 45,427 | 1,204,270 | |
Chelsea Therapeutics International Ltd. (a) | 26,240 | 108,371 | |
Clinical Data, Inc. (a)(d) | 12,781 | 388,159 | |
Codexis, Inc. (a) | 15,807 | 168,503 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 45,855 | 1,005,600 | |
Curis, Inc. (a) | 60,335 | 187,642 | |
Cyclacel Pharmaceuticals, Inc. (a) | 39,932 | 51,512 | |
Cytokinetics, Inc. (a)(d) | 68,979 | 108,297 | |
Cytori Therapeutics, Inc. (a)(d) | 29,925 | 174,164 | |
CytRx Corp. (a)(d) | 78,079 | 74,175 | |
Dendreon Corp. (a) | 111,773 | 3,754,455 | |
Discovery Laboratories, Inc. (a) | 253 | 521 | |
Dyax Corp. (a) | 67,938 | 116,853 | |
Dynavax Technologies Corp. (a)(d) | 152,859 | 457,048 | |
Emergent BioSolutions, Inc. (a) | 21,536 | 453,117 | |
EntreMed, Inc. (a) | 336 | 1,730 | |
Enzon Pharmaceuticals, Inc. (a)(d) | 50,521 | 539,564 | |
Exact Sciences Corp. (a)(d) | 53,869 | 292,509 | |
Exelixis, Inc. (a)(d) | 113,877 | 1,417,769 | |
Genomic Health, Inc. (a)(d) | 11,085 | 279,785 | |
GenVec, Inc. (a) | 94,694 | 42,148 | |
Genzyme Corp. (a) | 202,735 | 15,296,356 | |
Geron Corp. (a)(d) | 92,057 | 455,682 | |
Gilead Sciences, Inc. (a) | 670,144 | 26,122,213 | |
GTx, Inc. (a)(d) | 15,000 | 38,700 | |
Halozyme Therapeutics, Inc. (a)(d) | 76,820 | 530,826 | |
Hemispherx Biopharma, Inc. (a)(d) | 94,845 | 42,680 | |
Human Genome Sciences, Inc. (a) | 146,880 | 3,676,406 | |
iBio, Inc. (a)(d) | 12,465 | 46,245 | |
Idenix Pharmaceuticals, Inc. (a) | 4,502 | 15,217 | |
Idera Pharmaceuticals, Inc. (a) | 9,000 | 23,850 | |
ImmunoGen, Inc. (a)(d) | 67,288 | 606,265 | |
Immunomedics, Inc. (a)(d) | 63,727 | 233,241 | |
Incyte Corp. (a)(d) | 95,742 | 1,309,751 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 53 | 307 | |
Insmed, Inc. (a) | 80,031 | 43,617 | |
InterMune, Inc. (a)(d) | 36,812 | 1,347,687 | |
Ironwood Pharmaceuticals, Inc. Class A | 29,634 | 362,424 | |
Isis Pharmaceuticals, Inc. (a)(d) | 74,678 | 681,063 | |
Keryx Biopharmaceuticals, Inc. (a) | 76,871 | 303,640 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 155,502 | 301,674 | |
Ligand Pharmaceuticals, Inc.: | |||
rights 12/31/11 (a) | 2,082 | 0 | |
Class B (a) | 19,491 | 211,282 | |
MannKind Corp. (a)(d) | 91,402 | 341,843 | |
Marina Biotech, Inc. (a) | 6,369 | 4,451 | |
Maxygen, Inc. | 43,678 | 182,137 | |
Medivation, Inc. (a)(d) | 28,094 | 485,464 | |
| |||
Shares | Value | ||
Metabolix, Inc. (a)(d) | 16,896 | $ 153,416 | |
Micromet, Inc. (a) | 87,334 | 544,091 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 30,314 | 420,758 | |
Myrexis, Inc. (a) | 80,016 | 306,461 | |
Myriad Genetics, Inc. (a)(d) | 72,648 | 1,345,441 | |
Nabi Biopharmaceuticals (a) | 40,817 | 231,024 | |
Neurocrine Biosciences, Inc. (a) | 48,689 | 328,651 | |
Novavax, Inc. (a)(d) | 92,577 | 240,700 | |
NPS Pharmaceuticals, Inc. (a)(d) | 78,167 | 604,231 | |
Omeros Corp. (a)(d) | 5,151 | 33,430 | |
OncoGenex Pharmaceuticals, Inc. (a) | 4,200 | 65,940 | |
Oncothyreon, Inc. (a)(d) | 20,000 | 63,400 | |
ONYX Pharmaceuticals, Inc. (a) | 47,568 | 1,676,296 | |
Opko Health, Inc. (a) | 62,927 | 303,937 | |
Orchid Cellmark, Inc. (a) | 3,164 | 6,581 | |
OREXIGEN Therapeutics, Inc. (a)(d) | 39,620 | 129,161 | |
Osiris Therapeutics, Inc. (a)(d) | 16,000 | 106,080 | |
Oxygen Biotherapeutics, Inc. (a) | 31,947 | 61,658 | |
PDL BioPharma, Inc. (d) | 122,067 | 677,472 | |
Peregrine Pharmaceuticals, Inc. (a) | 27,582 | 61,508 | |
Pharmacyclics, Inc. (a)(d) | 26,224 | 135,316 | |
Pharmasset, Inc. (a)(d) | 20,687 | 1,034,350 | |
PharmAthene, Inc. (a)(d) | 59,759 | 187,046 | |
Poniard Pharmaceuticals, Inc. (a)(d) | 83,966 | 29,388 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 24,778 | 139,996 | |
PROLOR Biotech, Inc. (a) | 30,000 | 171,000 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 51,359 | 1,862,791 | |
Repligen Corp. (a) | 6,096 | 29,383 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 54,426 | 380,438 | |
Sangamo Biosciences, Inc. (a)(d) | 43,327 | 358,314 | |
Savient Pharmaceuticals, Inc. (a)(d) | 51,925 | 500,557 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 32,590 | 144,700 | |
Seattle Genetics, Inc. (a)(d) | 73,430 | 1,090,436 | |
SIGA Technologies, Inc. (a)(d) | 34,317 | 459,848 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 33,764 | 229,258 | |
StemCells, Inc. (a)(d) | 170,386 | 158,476 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 15,446 | 32,437 | |
Talecris Biotherapeutics Holdings Corp. (a) | 46,253 | 1,153,550 | |
Targacept, Inc. (a) | 14,540 | 416,862 | |
Telik, Inc. (a) | 13,264 | 13,927 | |
Theravance, Inc. (a)(d) | 50,642 | 1,153,625 | |
Trimeris, Inc. (a)(d) | 16,866 | 43,177 | |
United Therapeutics Corp. (a)(d) | 39,375 | 2,655,056 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 33,405 | 245,861 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 159,073 | 7,423,937 | |
Vical, Inc. (a)(d) | 26,845 | 56,643 | |
XOMA Ltd. (a)(d) | 17,722 | 92,686 | |
Zalicus, Inc. (a)(d) | 78,719 | 170,820 | |
ZIOPHARM Oncology, Inc. (a) | 43,000 | 261,870 | |
Zogenix, Inc. | 36,257 | 147,929 | |
| 184,151,405 | ||
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - 2.1% | |||
Abaxis, Inc. (a)(d) | 27,094 | $ 718,533 | |
Abiomed, Inc. (a)(d) | 42,289 | 527,344 | |
Accuray, Inc. (a)(d) | 40,848 | 404,395 | |
Alere, Inc. (a)(d) | 65,263 | 2,521,762 | |
Align Technology, Inc. (a)(d) | 51,536 | 1,074,526 | |
Alphatec Holdings, Inc. (a)(d) | 42,809 | 113,872 | |
American Medical Systems Holdings, Inc. (a)(d) | 63,108 | 1,382,696 | |
Analogic Corp. | 10,743 | 582,271 | |
Angiodynamics, Inc. (a)(d) | 30,684 | 516,105 | |
ArthroCare Corp. (a)(d) | 24,054 | 829,622 | |
Atrion Corp. | 239 | 42,145 | |
Baxter International, Inc. | 465,722 | 24,753,124 | |
Beckman Coulter, Inc. | 53,781 | 4,470,815 | |
Becton, Dickinson & Co. | 173,588 | 13,887,040 | |
BioLase Technology, Inc. (a) | 4,009 | 12,428 | |
Boston Scientific Corp. (a) | 1,185,154 | 8,485,703 | |
BSD Medical Corp. (a)(d) | 53,933 | 235,148 | |
C. R. Bard, Inc. (d) | 71,770 | 7,016,235 | |
Cantel Medical Corp. (d) | 25,300 | 552,805 | |
CareFusion Corp. (a) | 171,345 | 4,681,145 | |
Cerus Corp. (a)(d) | 23,958 | 82,416 | |
Conceptus, Inc. (a) | 31,351 | 440,795 | |
CONMED Corp. (a)(d) | 22,708 | 601,308 | |
Cooper Companies, Inc. | 33,367 | 2,062,748 | |
Covidien PLC | 395,005 | 20,323,007 | |
Cryolife, Inc. (a) | 24,384 | 131,674 | |
Cutera, Inc. (a)(d) | 17,971 | 173,600 | |
Cyberonics, Inc. (a)(d) | 30,265 | 999,653 | |
Cynosure, Inc. Class A (a) | 4,942 | 67,409 | |
Delcath Systems, Inc. (a)(d) | 66,496 | 435,549 | |
DENTSPLY International, Inc. | 110,548 | 4,131,179 | |
DexCom, Inc. (a)(d) | 35,872 | 524,807 | |
Edwards Lifesciences Corp. (a) | 96,849 | 8,236,039 | |
Endologix, Inc. (a) | 18,382 | 109,189 | |
Exactech, Inc. (a) | 2,735 | 51,828 | |
Fonar Corp. (a) | 837 | 1,691 | |
Gen-Probe, Inc. (a) | 36,069 | 2,268,019 | |
Greatbatch, Inc. (a)(d) | 25,965 | 646,009 | |
Haemonetics Corp. (a) | 19,792 | 1,220,177 | |
Hansen Medical, Inc. (a)(d) | 56,646 | 118,390 | |
Hill-Rom Holdings, Inc. | 45,296 | 1,724,419 | |
Hologic, Inc. (a) | 198,035 | 3,996,346 | |
ICU Medical, Inc. (a)(d) | 20,176 | 847,190 | |
IDEXX Laboratories, Inc. (a)(d) | 43,890 | 3,410,253 | |
Immucor, Inc. (a) | 49,842 | 970,424 | |
Insulet Corp. (a)(d) | 22,491 | 398,091 | |
Integra LifeSciences Holdings Corp. (a) | 16,514 | 828,177 | |
Intuitive Surgical, Inc. (a) | 31,154 | 10,216,954 | |
Invacare Corp. (d) | 33,053 | 977,377 | |
IRIS International, Inc. (a) | 23,799 | 241,560 | |
| |||
Shares | Value | ||
IVAX Diagnostics, Inc. (a) | 3,600 | $ 4,392 | |
Kensey Nash Corp. (a)(d) | 21,899 | 575,068 | |
Kewaunee Scientific Corp. | 1,601 | 21,678 | |
Kinetic Concepts, Inc. (a)(d) | 47,167 | 2,309,768 | |
Mako Surgical Corp. (a)(d) | 24,534 | 505,400 | |
Masimo Corp. (d) | 39,321 | 1,185,135 | |
Medical Action Industries, Inc. (a) | 15,016 | 124,032 | |
Medtronic, Inc. | 864,531 | 34,512,078 | |
MELA Sciences, Inc. (a)(d) | 37,474 | 98,557 | |
Meridian Bioscience, Inc. (d) | 41,244 | 889,633 | |
Merit Medical Systems, Inc. (a)(d) | 27,493 | 469,580 | |
Misonix, Inc. (a) | 3,000 | 6,750 | |
Natus Medical, Inc. (a)(d) | 28,650 | 454,389 | |
Neogen Corp. (a)(d) | 25,894 | 968,177 | |
Neoprobe Corp. (a)(d) | 60,777 | 258,302 | |
NuVasive, Inc. (a)(d) | 32,642 | 872,521 | |
NxStage Medical, Inc. (a)(d) | 56,326 | 1,162,005 | |
OraSure Technologies, Inc. (a) | 23,767 | 164,705 | |
Orthofix International NV (a) | 19,109 | 603,844 | |
Orthovita, Inc. (a) | 32,597 | 77,581 | |
Palomar Medical Technologies, Inc. (a) | 18,403 | 294,080 | |
Quidel Corp. (a)(d) | 40,094 | 527,637 | |
ResMed, Inc. (a)(d) | 115,318 | 3,644,049 | |
Retractable Technologies, Inc. (a) | 6,105 | 9,890 | |
RTI Biologics, Inc. (a) | 25,405 | 68,339 | |
Sirona Dental Systems, Inc. (a)(d) | 36,788 | 1,856,322 | |
SonoSite, Inc. (a)(d) | 22,115 | 795,034 | |
St. Jude Medical, Inc. | 270,218 | 12,938,038 | |
Staar Surgical Co. (a) | 3,978 | 23,868 | |
Stereotaxis, Inc. (a)(d) | 28,535 | 112,713 | |
Steris Corp. | 38,336 | 1,297,674 | |
Stryker Corp. | 255,467 | 16,160,842 | |
SurModics, Inc. (a)(d) | 22,713 | 296,178 | |
Symmetry Medical, Inc. (a) | 34,161 | 308,815 | |
Synovis Life Technologies, Inc. (a) | 11,000 | 217,140 | |
Teleflex, Inc. (d) | 29,127 | 1,700,726 | |
The Spectranetics Corp. (a) | 20,955 | 101,003 | |
Theragenics Corp. (a) | 1,300 | 2,275 | |
ThermoGenesis Corp. (a) | 18,430 | 50,314 | |
Thoratec Corp. (a)(d) | 44,317 | 1,235,558 | |
TomoTherapy, Inc. (a) | 19,200 | 68,352 | |
Unilife Corp. (a)(d) | 35,000 | 165,200 | |
Urologix, Inc. (a)(d) | 3,800 | 2,318 | |
Varian Medical Systems, Inc. (a)(d) | 94,140 | 6,522,019 | |
Vermillion, Inc. (a)(d) | 6,106 | 30,408 | |
Volcano Corp. (a)(d) | 43,320 | 1,136,717 | |
West Pharmaceutical Services, Inc. (d) | 24,982 | 1,027,010 | |
Wright Medical Group, Inc. (a)(d) | 34,533 | 546,657 | |
Young Innovations, Inc. | 2,508 | 79,428 | |
Zimmer Holdings, Inc. (a) | 158,878 | 9,904,455 | |
Zoll Medical Corp. (a)(d) | 21,697 | 1,004,137 | |
| 246,434,783 | ||
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - 2.2% | |||
Accretive Health, Inc. (d) | 22,424 | $ 455,880 | |
Aetna, Inc. | 329,848 | 12,323,121 | |
Air Methods Corp. (a) | 15,951 | 925,796 | |
Alliance Healthcare Services, Inc. (a) | 64,441 | 266,786 | |
Almost Family, Inc. (a)(d) | 11,554 | 450,606 | |
Amedisys, Inc. (a)(d) | 22,394 | 804,392 | |
America Service Group, Inc. | 11,000 | 201,080 | |
American Dental Partners, Inc. (a)(d) | 4,710 | 60,524 | |
AMERIGROUP Corp. (a)(d) | 37,938 | 2,175,744 | |
AmerisourceBergen Corp. | 216,529 | 8,208,614 | |
AMN Healthcare Services, Inc. (a)(d) | 43,361 | 323,907 | |
AmSurg Corp. (a) | 29,663 | 700,937 | |
Animal Health International, Inc. (a) | 5,300 | 20,670 | |
Assisted Living Concepts, Inc. Class A (a) | 9,800 | 352,310 | |
Bio-Reference Laboratories, Inc. (a)(d) | 37,128 | 776,718 | |
BioScrip, Inc. (a)(d) | 35,637 | 150,388 | |
Brookdale Senior Living, Inc. (a) | 73,954 | 1,988,623 | |
Capital Senior Living Corp. (a) | 30,965 | 259,796 | |
Cardinal Health, Inc. | 276,959 | 11,532,573 | |
CardioNet, Inc. (a) | 39,738 | 191,537 | |
Catalyst Health Solutions, Inc. (a) | 30,014 | 1,356,933 | |
Centene Corp. (a)(d) | 37,731 | 1,149,664 | |
Chemed Corp. | 16,597 | 1,086,108 | |
Chindex International, Inc. (a)(d) | 10,687 | 190,763 | |
CIGNA Corp. | 217,032 | 9,130,536 | |
Community Health Systems, Inc. (a) | 73,887 | 3,019,762 | |
Continucare Corp. (a) | 25,320 | 143,311 | |
Corvel Corp. (a) | 4,953 | 245,174 | |
Coventry Health Care, Inc. (a) | 113,451 | 3,426,220 | |
Cross Country Healthcare, Inc. (a)(d) | 33,894 | 281,998 | |
DaVita, Inc. (a) | 80,252 | 6,369,601 | |
Emergency Medical Services Corp. Class A (a) | 25,548 | 1,613,356 | |
Emeritus Corp. (a) | 20,750 | 488,248 | |
Epocrates, Inc. (a) | 4,325 | 93,853 | |
Express Scripts, Inc. (a) | 401,472 | 22,570,756 | |
Five Star Quality Care, Inc. (a) | 28,197 | 197,943 | |
Genoptix, Inc. (a) | 34,019 | 850,135 | |
Gentiva Health Services, Inc. (a)(d) | 28,072 | 792,473 | |
Hanger Orthopedic Group, Inc. (a)(d) | 31,595 | 849,906 | |
Health Management Associates, Inc. Class A (a) | 199,688 | 1,996,880 | |
Health Net, Inc. (a)(d) | 75,662 | 2,225,976 | |
HealthSouth Corp. (a) | 66,911 | 1,619,915 | |
Healthspring, Inc. (a) | 40,674 | 1,530,969 | |
Healthways, Inc. (a)(d) | 39,343 | 549,622 | |
Henry Schein, Inc. (a)(d) | 70,932 | 4,892,889 | |
HMS Holdings Corp. (a)(d) | 21,930 | 1,657,031 | |
Hooper Holmes, Inc. (a) | 7,290 | 5,759 | |
Humana, Inc. (a) | 133,938 | 8,707,309 | |
| |||
Shares | Value | ||
IPC The Hospitalist Co., Inc. (a) | 26,472 | $ 1,080,058 | |
Kindred Healthcare, Inc. (a)(d) | 26,367 | 657,066 | |
Laboratory Corp. of America Holdings (a)(d) | 79,881 | 7,199,675 | |
Landauer, Inc. | 12,764 | 802,856 | |
LCA-Vision, Inc. (a) | 8,343 | 58,985 | |
LHC Group, Inc. (a)(d) | 14,902 | 444,974 | |
LifePoint Hospitals, Inc. (a)(d) | 41,692 | 1,625,154 | |
Lincare Holdings, Inc. | 75,000 | 2,200,500 | |
Magellan Health Services, Inc. (a)(d) | 29,298 | 1,405,718 | |
McKesson Corp. | 206,106 | 16,340,084 | |
Medcath Corp. (a) | 8,479 | 120,571 | |
Medco Health Solutions, Inc. (a) | 346,481 | 21,357,089 | |
MEDNAX, Inc. (a) | 35,957 | 2,334,688 | |
Molina Healthcare, Inc. (a)(d) | 13,540 | 474,306 | |
MWI Veterinary Supply, Inc. (a)(d) | 16,080 | 1,113,058 | |
National Healthcare Corp. | 5,662 | 269,511 | |
Omnicare, Inc. | 87,838 | 2,514,802 | |
Owens & Minor, Inc. | 48,226 | 1,504,651 | |
Patterson Companies, Inc. | 76,116 | 2,540,752 | |
PDI, Inc. (a) | 1,588 | 13,768 | |
PharMerica Corp. (a) | 33,940 | 398,795 | |
Providence Service Corp. (a) | 15,408 | 252,845 | |
PSS World Medical, Inc. (a)(d) | 45,479 | 1,183,364 | |
Quest Diagnostics, Inc. | 113,191 | 6,423,589 | |
RehabCare Group, Inc. (a) | 20,335 | 755,445 | |
Rural/Metro Corp. (a)(d) | 13,233 | 198,363 | |
Select Medical Holdings Corp. (a) | 44,061 | 343,676 | |
Skilled Healthcare Group, Inc. (a)(d) | 31,590 | 433,099 | |
SRI/Surgical Express, Inc. (a) | 900 | 5,175 | |
Sun Healthcare Group, Inc. (a) | 17,671 | 259,764 | |
Sunrise Senior Living, Inc. (a) | 36,429 | 414,926 | |
Team Health Holdings, Inc. (a)(d) | 15,989 | 295,637 | |
Tenet Healthcare Corp. (a) | 375,366 | 2,695,128 | |
The Ensign Group, Inc. | 5,545 | 168,623 | |
Triple-S Management Corp. (a)(d) | 23,521 | 464,775 | |
U.S. Physical Therapy, Inc. (a) | 13,075 | 258,493 | |
UnitedHealth Group, Inc. | 896,524 | 38,173,992 | |
Universal American Financial Corp. (d) | 39,049 | 803,628 | |
Universal Health Services, Inc. Class B | 70,000 | 3,199,700 | |
VCA Antech, Inc. (a)(d) | 63,658 | 1,593,996 | |
Wellcare Health Plans, Inc. (a) | 31,976 | 1,200,699 | |
WellPoint, Inc. | 317,927 | 21,132,608 | |
| 263,927,678 | ||
Health Care Technology - 0.1% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 135,089 | 2,884,150 | |
athenahealth, Inc. (a)(d) | 26,709 | 1,210,986 | |
Cerner Corp. (a)(d) | 54,220 | 5,446,399 | |
Computer Programs & Systems, Inc. | 18,590 | 1,004,046 | |
Emdeon, Inc. Class A (a) | 33,960 | 533,172 | |
MedAssets, Inc. (a)(d) | 34,152 | 483,934 | |
Medidata Solutions, Inc. (a) | 26,132 | 677,080 | |
Merge Healthcare, Inc. (a) | 25,482 | 127,665 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Technology - continued | |||
Omnicell, Inc. (a) | 29,246 | $ 393,066 | |
Quality Systems, Inc. | 16,154 | 1,290,705 | |
Transcend Services, Inc. (a) | 5,958 | 126,846 | |
Vital Images, Inc. (a) | 11,918 | 178,651 | |
| 14,356,700 | ||
Life Sciences Tools & Services - 0.6% | |||
Accelrys, Inc. (a) | 28,642 | 248,040 | |
Affymetrix, Inc. (a)(d) | 64,885 | 318,585 | |
Agilent Technologies, Inc. (a) | 275,415 | 11,589,463 | |
Albany Molecular Research, Inc. (a) | 27,799 | 125,651 | |
Apricus Biosciences, Inc. (a) | 6,666 | 35,730 | |
Bio-Rad Laboratories, Inc. Class A (a) | 14,972 | 1,709,204 | |
Bruker BioSciences Corp. (a) | 56,937 | 1,092,621 | |
Caliper Life Sciences, Inc. (a) | 25,794 | 172,562 | |
Cambrex Corp. (a) | 21,547 | 118,078 | |
Charles River Laboratories International, Inc. (a)(d) | 49,567 | 1,806,221 | |
Covance, Inc. (a)(d) | 50,041 | 2,823,814 | |
Dionex Corp. (a) | 14,117 | 1,663,265 | |
Enzo Biochem, Inc. (a) | 17,097 | 73,688 | |
eResearchTechnology, Inc. (a) | 63,136 | 400,914 | |
Furiex Pharmaceuticals, Inc. (a) | 6,538 | 108,662 | |
Harvard Bioscience, Inc. (a) | 786 | 3,415 | |
Illumina, Inc. (a)(d) | 99,356 | 6,895,306 | |
Kendle International, Inc. (a)(d) | 12,762 | 151,868 | |
Life Technologies Corp. (a) | 144,954 | 7,736,195 | |
Luminex Corp. (a)(d) | 37,497 | 705,694 | |
Mettler-Toledo International, Inc. (a)(d) | 25,328 | 4,340,459 | |
PAREXEL International Corp. (a)(d) | 49,175 | 1,154,137 | |
PerkinElmer, Inc. | 88,999 | 2,358,474 | |
Pharmaceutical Product Development, Inc. (d) | 82,350 | 2,262,155 | |
pSivida Corp. (a)(d) | 14,500 | 57,420 | |
Sequenom, Inc. (a) | 73,069 | 448,644 | |
SeraCare Life Sciences, Inc. (a) | 5,000 | 20,150 | |
Strategic Diagnostics, Inc. (a) | 3,100 | 6,882 | |
Techne Corp. | 29,133 | 2,088,545 | |
Thermo Fisher Scientific, Inc. (a) | 324,612 | 18,119,842 | |
Waters Corp. (a) | 71,604 | 5,946,712 | |
| 74,582,396 | ||
Pharmaceuticals - 4.4% | |||
Abbott Laboratories | 1,231,309 | 59,225,963 | |
Adolor Corp. (a) | 25,094 | 35,132 | |
Akorn, Inc. (a) | 30,000 | 167,700 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 40,834 | 51,043 | |
Allergan, Inc. | 243,775 | 18,080,792 | |
Ardea Biosciences, Inc. (a) | 12,728 | 337,419 | |
ARYx Therapeutics, Inc. (a) | 12,000 | 3,202 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 39,949 | 897,654 | |
AVANIR Pharmaceuticals Class A (a)(d) | 61,339 | 231,248 | |
BioMimetic Therapeutics, Inc. (a)(d) | 11,148 | 150,275 | |
| |||
Shares | Value | ||
Bristol-Myers Squibb Co. | 1,369,438 | $ 35,345,195 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 50,023 | 375,673 | |
Columbia Laboratories, Inc. (a)(d) | 49,530 | 172,860 | |
Corcept Therapeutics, Inc. (a)(d) | 42,000 | 157,080 | |
Cornerstone Therapeutics, Inc. (a) | 9,000 | 48,510 | |
CPEX Pharmaceuticals, Inc. (a) | 293 | 7,981 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 3,775 | 23,103 | |
DepoMed, Inc. (a)(d) | 37,190 | 312,024 | |
Durect Corp. (a) | 39,673 | 128,541 | |
Eli Lilly & Co. | 783,568 | 27,080,110 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 79,535 | 2,825,083 | |
Forest Laboratories, Inc. (a) | 224,719 | 7,280,896 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 14,969 | 345,634 | |
Hospira, Inc. (a) | 130,764 | 6,910,877 | |
Impax Laboratories, Inc. (a) | 42,956 | 884,464 | |
Inspire Pharmaceuticals, Inc. (a)(d) | 47,915 | 192,618 | |
Jazz Pharmaceuticals, Inc. (a) | 15,000 | 369,450 | |
Johnson & Johnson | 2,213,960 | 136,025,702 | |
King Pharmaceuticals, Inc. (a) | 198,041 | 2,820,104 | |
KV Pharmaceutical Co. Class A (a)(d) | 32,754 | 265,635 | |
Lannett Co., Inc. (a) | 32,187 | 182,500 | |
MAP Pharmaceuticals, Inc. (a) | 8,167 | 131,734 | |
Medicis Pharmaceutical Corp. Class A | 44,073 | 1,414,303 | |
Merck & Co., Inc. | 2,454,921 | 79,956,777 | |
Mylan, Inc. (a) | 338,262 | 7,736,052 | |
Nektar Therapeutics (a)(d) | 88,178 | 845,627 | |
Obagi Medical Products, Inc. (a) | 10,991 | 125,957 | |
Optimer Pharmaceuticals, Inc. (a) | 20,000 | 238,800 | |
Pain Therapeutics, Inc. (d) | 35,234 | 241,001 | |
Par Pharmaceutical Companies, Inc. (a)(d) | 24,793 | 765,608 | |
Perrigo Co. | 65,213 | 4,984,230 | |
Pfizer, Inc. | 6,434,965 | 123,808,727 | |
Pozen, Inc. (a) | 27,014 | 138,852 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 62,225 | 806,436 | |
Repros Therapeutics, Inc. (a)(d) | 1,500 | 6,750 | |
Salix Pharmaceuticals Ltd. (a) | 44,956 | 1,498,833 | |
Santarus, Inc. (a)(d) | 27,322 | 87,157 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 60,795 | 185,425 | |
SuperGen, Inc. (a) | 33,124 | 98,378 | |
The Medicines Company (a)(d) | 50,220 | 873,326 | |
ViroPharma, Inc. (a) | 55,000 | 986,150 | |
Vivus, Inc. (a)(d) | 73,666 | 560,598 | |
Warner Chilcott PLC | 88,761 | 2,101,860 | |
Watson Pharmaceuticals, Inc. (a) | 103,343 | 5,786,175 | |
XenoPort, Inc. (a) | 38,768 | 281,843 | |
| 534,595,067 | ||
TOTAL HEALTH CARE | 1,318,048,029 | ||
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - 11.2% | |||
Aerospace & Defense - 2.3% | |||
AAR Corp. (a)(d) | 34,613 | $ 944,589 | |
AeroCentury Corp. (a) | 800 | 17,904 | |
AeroVironment, Inc. (a)(d) | 15,405 | 446,899 | |
Alliant Techsystems, Inc. | 24,830 | 1,791,981 | |
American Science & Engineering, Inc. | 10,075 | 947,050 | |
Astronics Corp. (a) | 2,747 | 59,225 | |
BE Aerospace, Inc. (a) | 79,310 | 2,674,333 | |
Ceradyne, Inc. (a) | 20,000 | 764,600 | |
Cubic Corp. | 15,635 | 786,597 | |
Curtiss-Wright Corp. (d) | 41,124 | 1,517,476 | |
DigitalGlobe, Inc. (a) | 22,344 | 721,264 | |
Ducommun, Inc. | 11,105 | 248,419 | |
Esterline Technologies Corp. (a) | 23,103 | 1,653,482 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 85,231 | 442,349 | |
General Dynamics Corp. | 253,403 | 19,289,036 | |
GeoEye, Inc. (a) | 22,791 | 1,015,339 | |
Goodrich Corp. | 97,257 | 8,386,471 | |
HEICO Corp. Class A | 18,362 | 718,321 | |
Herley Industries, Inc. (a)(d) | 9,619 | 182,761 | |
Hexcel Corp. (a) | 69,932 | 1,297,239 | |
Honeywell International, Inc. | 570,274 | 33,024,567 | |
Innovative Solutions & Support, Inc. (a) | 23,580 | 140,065 | |
ITT Corp. | 142,651 | 8,263,772 | |
KEYW Holding Corp. | 7,000 | 99,750 | |
Kratos Defense & Security Solutions, Inc. (a) | 11,388 | 164,101 | |
L-3 Communications Holdings, Inc. | 88,784 | 7,039,683 | |
Ladish Co., Inc. (a) | 14,776 | 801,450 | |
LMI Aerospace, Inc. (a)(d) | 8,000 | 143,680 | |
Lockheed Martin Corp. | 229,901 | 18,198,963 | |
Moog, Inc. Class A (a)(d) | 31,269 | 1,419,925 | |
National Presto Industries, Inc. (d) | 4,905 | 620,679 | |
Northrop Grumman Corp. | 228,024 | 15,204,640 | |
Orbital Sciences Corp. (a)(d) | 46,501 | 827,253 | |
Precision Castparts Corp. | 112,266 | 15,913,706 | |
Raytheon Co. | 295,808 | 15,148,328 | |
Rockwell Collins, Inc. | 121,827 | 7,850,532 | |
Spirit AeroSystems Holdings, Inc. Class A (a)(d) | 75,975 | 1,974,590 | |
Sypris Solutions, Inc. (a) | 3,224 | 13,541 | |
Taser International, Inc. (a)(d) | 68,525 | 259,025 | |
Teledyne Technologies, Inc. (a)(d) | 26,970 | 1,412,419 | |
The Boeing Co. | 522,118 | 37,597,717 | |
TransDigm Group, Inc. (a) | 32,587 | 2,619,343 | |
Triumph Group, Inc. | 12,944 | 1,120,821 | |
United Technologies Corp. | 693,537 | 57,938,081 | |
| 271,701,966 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 35,112 | 275,629 | |
Atlas Air Worldwide Holdings, Inc. (a) | 19,179 | 1,309,542 | |
C.H. Robinson Worldwide, Inc. | 132,227 | 9,571,913 | |
| |||
Shares | Value | ||
Expeditors International of Washington, Inc. | 167,584 | $ 8,010,515 | |
FedEx Corp. | 234,399 | 21,100,598 | |
Forward Air Corp. | 27,531 | 815,744 | |
Hub Group, Inc. Class A (a) | 29,382 | 1,027,195 | |
Pacer International, Inc. (a)(d) | 34,535 | 187,525 | |
United Parcel Service, Inc. Class B | 561,303 | 41,424,161 | |
UTI Worldwide, Inc. | 83,200 | 1,655,680 | |
| 85,378,502 | ||
Airlines - 0.2% | |||
AirTran Holdings, Inc. (a) | 116,448 | 850,070 | |
Alaska Air Group, Inc. (a) | 27,766 | 1,650,689 | |
Allegiant Travel Co. (d) | 12,630 | 521,240 | |
AMR Corp. (a)(d) | 255,515 | 1,722,171 | |
Delta Air Lines, Inc. (a) | 618,002 | 6,946,342 | |
Hawaiian Holdings, Inc. (a)(d) | 43,857 | 291,210 | |
JetBlue Airways Corp. (a)(d) | 183,487 | 1,045,876 | |
Pinnacle Airlines Corp. (a)(d) | 13,246 | 80,138 | |
Republic Airways Holdings, Inc. (a)(d) | 49,898 | 316,353 | |
SkyWest, Inc. | 44,139 | 728,294 | |
Southwest Airlines Co. | 583,572 | 6,903,657 | |
United Continental Holdings, Inc. (d) | 248,063 | 5,963,435 | |
US Airways Group, Inc. (a)(d) | 136,465 | 1,174,964 | |
| 28,194,439 | ||
Building Products - 0.1% | |||
A.O. Smith Corp. | 32,101 | 1,296,880 | |
AAON, Inc. (d) | 23,897 | 733,638 | |
American Woodmark Corp. | 8,120 | 161,994 | |
Ameron International Corp. (d) | 7,610 | 537,723 | |
Apogee Enterprises, Inc. | 31,812 | 434,870 | |
Armstrong World Industries, Inc. (d) | 12,669 | 527,537 | |
Builders FirstSource, Inc. (a) | 18,709 | 44,715 | |
Gibraltar Industries, Inc. (a) | 19,000 | 205,770 | |
Griffon Corp. (a) | 45,173 | 544,786 | |
Insteel Industries, Inc. (d) | 19,514 | 241,388 | |
Lennox International, Inc. (d) | 38,000 | 1,843,000 | |
Masco Corp. | 279,616 | 3,799,981 | |
NCI Building Systems, Inc. (a)(d) | 18,615 | 263,030 | |
Owens Corning (a) | 86,862 | 3,103,579 | |
Quanex Building Products Corp. | 28,267 | 533,964 | |
Simpson Manufacturing Co. Ltd. (d) | 24,564 | 710,637 | |
Trex Co., Inc. (a)(d) | 13,593 | 407,110 | |
Universal Forest Products, Inc. (d) | 16,084 | 548,464 | |
USG Corp. (a)(d) | 54,636 | 936,461 | |
| 16,875,527 | ||
Commercial Services & Supplies - 0.7% | |||
ABM Industries, Inc. (d) | 38,140 | 1,015,668 | |
ACCO Brands Corp. (a)(d) | 40,654 | 347,592 | |
American Reprographics Co. (a)(d) | 29,951 | 266,564 | |
APAC Customer Services, Inc. (a) | 4,300 | 25,198 | |
Avery Dennison Corp. | 79,353 | 3,167,772 | |
Casella Waste Systems, Inc. Class A (a)(d) | 34,819 | 255,223 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Commercial Services & Supplies - continued | |||
Cenveo, Inc. (a) | 56,902 | $ 318,082 | |
Cintas Corp. | 95,446 | 2,683,942 | |
Clean Harbors, Inc. (a) | 18,419 | 1,692,338 | |
Consolidated Graphics, Inc. (a) | 10,742 | 585,869 | |
Copart, Inc. (a) | 57,451 | 2,413,517 | |
Corrections Corp. of America (a)(d) | 89,000 | 2,210,760 | |
Courier Corp. | 2,999 | 42,796 | |
Covanta Holding Corp. (d) | 107,050 | 1,811,286 | |
Deluxe Corp. (d) | 56,165 | 1,435,016 | |
EnergySolutions, Inc. (d) | 116,176 | 769,085 | |
EnerNOC, Inc. (a)(d) | 17,720 | 341,642 | |
Ennis, Inc. | 24,766 | 402,448 | |
Fuel Tech, Inc. (a)(d) | 25,272 | 189,035 | |
G&K Services, Inc. Class A | 11,022 | 357,333 | |
Healthcare Services Group, Inc. | 39,210 | 696,762 | |
Herman Miller, Inc. | 42,238 | 1,137,892 | |
Higher One Holdings, Inc. (a)(d) | 22,463 | 422,080 | |
HNI Corp. | 29,786 | 945,110 | |
InnerWorkings, Inc. (a)(d) | 33,190 | 271,162 | |
Interface, Inc. Class A | 40,371 | 672,985 | |
Intersections, Inc. | 8,825 | 88,162 | |
Iron Mountain, Inc. | 142,032 | 3,692,832 | |
KAR Auction Services, Inc. (a) | 10,875 | 152,685 | |
Kimball International, Inc. Class B | 18,777 | 134,443 | |
Knoll, Inc. | 37,498 | 775,084 | |
M&F Worldwide Corp. (a) | 9,630 | 238,920 | |
McGrath RentCorp. | 20,429 | 562,002 | |
Metalico, Inc. (a)(d) | 48,325 | 307,347 | |
Mine Safety Appliances Co. | 26,989 | 975,113 | |
Mobile Mini, Inc. (a)(d) | 18,629 | 423,623 | |
Multi-Color Corp. | 6,000 | 111,300 | |
Perma-Fix Environmental Services, Inc. (a) | 40,352 | 59,721 | |
Pitney Bowes, Inc. (d) | 157,493 | 3,965,674 | |
Quad/Graphics, Inc. (a) | 19,300 | 838,006 | |
R.R. Donnelley & Sons Co. | 159,272 | 2,965,645 | |
Republic Services, Inc. | 237,177 | 7,022,811 | |
Rollins, Inc. | 52,381 | 1,027,715 | |
Schawk, Inc. Class A | 4,896 | 88,471 | |
Standard Parking Corp. (a) | 4,477 | 81,302 | |
Standard Register Co. | 7,404 | 25,470 | |
Steelcase, Inc. Class A | 73,329 | 712,025 | |
Stericycle, Inc. (a)(d) | 67,558 | 5,838,362 | |
Superior Uniform Group, Inc. | 1,000 | 11,010 | |
Swisher Hygiene, Inc. (a) | 47,031 | 283,760 | |
Sykes Enterprises, Inc. (a) | 35,744 | 664,838 | |
Team, Inc. (a)(d) | 21,099 | 547,097 | |
Tetra Tech, Inc. (a) | 44,000 | 1,034,000 | |
The Brink's Co. | 44,106 | 1,361,552 | |
The Geo Group, Inc. (a)(d) | 66,956 | 1,702,691 | |
TRC Companies, Inc. (a) | 5,282 | 21,551 | |
| |||
Shares | Value | ||
Unifirst Corp. Massachusetts | 10,464 | $ 590,170 | |
United Stationers, Inc. (a) | 17,897 | 1,206,616 | |
US Ecology, Inc. | 17,056 | 286,711 | |
Viad Corp. | 18,076 | 414,302 | |
Virco Manufacturing Co. | 3,120 | 9,984 | |
Waste Connections, Inc. | 97,628 | 2,830,236 | |
Waste Management, Inc. | 363,389 | 13,467,196 | |
| 78,995,584 | ||
Construction & Engineering - 0.4% | |||
AECOM Technology Corp. (a) | 105,381 | 3,018,112 | |
Comfort Systems USA, Inc. | 50,878 | 675,151 | |
Dycom Industries, Inc. (a)(d) | 30,197 | 521,200 | |
EMCOR Group, Inc. (a)(d) | 53,393 | 1,701,101 | |
Fluor Corp. | 141,375 | 10,003,695 | |
Foster Wheeler AG (a) | 92,328 | 3,338,580 | |
Furmanite Corp. (a) | 20,546 | 149,369 | |
Granite Construction, Inc. (d) | 26,266 | 748,581 | |
Great Lakes Dredge & Dock Corp. (d) | 45,451 | 357,699 | |
Insituform Technologies, Inc. Class A (a)(d) | 27,764 | 717,422 | |
Integrated Electrical Services, Inc. (a)(d) | 13,972 | 53,513 | |
Jacobs Engineering Group, Inc. (a) | 97,413 | 4,876,495 | |
KBR, Inc. | 123,453 | 4,049,258 | |
Layne Christensen Co. (a) | 17,863 | 596,088 | |
MasTec, Inc. (a) | 41,923 | 780,606 | |
Michael Baker Corp. (a) | 7,288 | 229,353 | |
MYR Group, Inc. (a) | 25,063 | 565,421 | |
Northwest Pipe Co. (a)(d) | 12,239 | 290,554 | |
Orion Marine Group, Inc. (a) | 18,394 | 227,166 | |
Pike Electric Corp. (a) | 16,312 | 158,553 | |
Primoris Services Corp. | 8,060 | 68,913 | |
Quanta Services, Inc. (a)(d) | 161,580 | 3,685,640 | |
Shaw Group, Inc. (a) | 62,523 | 2,483,414 | |
Sterling Construction Co., Inc. (a)(d) | 30,094 | 394,231 | |
Tutor Perini Corp. | 26,344 | 627,514 | |
URS Corp. (a) | 62,732 | 2,918,920 | |
| 43,236,549 | ||
Electrical Equipment - 0.8% | |||
A123 Systems, Inc. (a)(d) | 78,983 | 748,759 | |
Active Power, Inc. (a) | 36,438 | 81,986 | |
Acuity Brands, Inc. (d) | 36,015 | 2,035,568 | |
Advanced Battery Technologies, Inc. (a)(d) | 87,409 | 339,147 | |
Allied Motion Technologies, Inc. (a) | 4,896 | 39,168 | |
Altair Nanotechnologies, Inc. (a)(d) | 10,000 | 27,000 | |
American Superconductor Corp. (a)(d) | 35,578 | 943,529 | |
AMETEK, Inc. | 122,564 | 5,141,560 | |
AZZ, Inc. (d) | 14,324 | 611,062 | |
Babcock & Wilcox Co. (a) | 89,698 | 3,029,101 | |
Beacon Power Corp. (a)(d) | 22,902 | 78,783 | |
Belden, Inc. | 35,954 | 1,316,995 | |
Brady Corp. Class A | 38,539 | 1,377,384 | |
Broadwind Energy, Inc. (a)(d) | 45,253 | 72,405 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Electrical Equipment - continued | |||
Capstone Turbine Corp. (a)(d) | 340,397 | $ 517,403 | |
Coleman Cable, Inc. (a)(d) | 900 | 6,651 | |
Cooper Industries PLC Class A | 128,000 | 8,236,800 | |
Emerson Electric Co. | 606,215 | 36,166,787 | |
Encore Wire Corp. | 24,064 | 564,541 | |
Ener1, Inc. (a)(d) | 30,034 | 110,825 | |
Energy Focus, Inc. (a) | 3,941 | 4,059 | |
EnerSys (a) | 40,960 | 1,454,080 | |
Espey Manufacturing & Electronics Corp. | 1,488 | 34,164 | |
Franklin Electric Co., Inc. | 16,711 | 710,218 | |
FuelCell Energy, Inc. (a)(d) | 167,928 | 293,874 | |
Generac Holdings, Inc. | 17,658 | 323,671 | |
General Cable Corp. (a)(d) | 39,657 | 1,721,907 | |
Global Power Equipment Group, Inc. (a) | 10,000 | 224,700 | |
GrafTech International Ltd. (a)(d) | 92,787 | 1,856,668 | |
Hubbell, Inc. Class B | 45,468 | 3,069,545 | |
II-VI, Inc. (a)(d) | 19,194 | 982,541 | |
LSI Industries, Inc. | 12,688 | 98,205 | |
MagneTek, Inc. (a) | 3,582 | 7,236 | |
Nexxus Lighting, Inc. (a) | 2,100 | 6,846 | |
Plug Power, Inc. (a) | 25,662 | 18,733 | |
Polypore International, Inc. (a)(d) | 16,415 | 959,293 | |
Powell Industries, Inc. (a)(d) | 8,981 | 335,800 | |
PowerSecure International, Inc. (a)(d) | 15,636 | 115,706 | |
Regal-Beloit Corp. (d) | 28,756 | 2,097,750 | |
Rockwell Automation, Inc. | 111,070 | 9,744,171 | |
Roper Industries, Inc. | 71,570 | 6,021,184 | |
Satcon Technology Corp. (a)(d) | 87,873 | 319,858 | |
SL Industries, Inc. (a) | 2,508 | 47,978 | |
Thomas & Betts Corp. (a) | 40,077 | 2,219,865 | |
Ultralife Corp. (a)(d) | 15,600 | 80,496 | |
UQM Technologies, Inc. (a)(d) | 3,800 | 11,628 | |
Valence Technology, Inc. (a)(d) | 12,072 | 18,229 | |
Valpey Fisher Corp. (a) | 2,100 | 8,715 | |
Vicor Corp. (d) | 9,086 | 138,380 | |
Woodward, Inc. (d) | 44,896 | 1,476,629 | |
| 95,847,583 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 523,460 | 48,278,716 | |
Carlisle Companies, Inc. | 47,837 | 2,057,469 | |
General Electric Co. | 8,527,118 | 178,387,309 | |
Raven Industries, Inc. | 17,449 | 946,783 | |
Seaboard Corp. | 200 | 464,040 | |
Standex International Corp. | 12,568 | 430,705 | |
Textron, Inc. | 211,089 | 5,718,401 | |
Tredegar Corp. | 28,430 | 554,954 | |
Tyco International Ltd. | 395,435 | 17,929,023 | |
United Capital Corp. (a) | 2,262 | 62,160 | |
| 254,829,560 | ||
| |||
Shares | Value | ||
Machinery - 2.5% | |||
3D Systems Corp. (a)(d) | 12,122 | $ 593,372 | |
Accuride Corp. (a) | 34,214 | 478,654 | |
Actuant Corp. Class A (d) | 50,064 | 1,416,811 | |
Adept Technology, Inc. (a) | 680 | 2,734 | |
AGCO Corp. (a)(d) | 70,543 | 3,864,346 | |
Alamo Group, Inc. | 8,200 | 238,948 | |
Albany International Corp. Class A | 22,131 | 539,111 | |
Altra Holdings, Inc. (a) | 22,128 | 478,629 | |
American Railcar Industries, Inc. (a) | 10,474 | 211,680 | |
Ampco-Pittsburgh Corp. | 6,549 | 173,679 | |
ArvinMeritor, Inc. (a) | 80,391 | 1,440,607 | |
Astec Industries, Inc. (a) | 11,966 | 410,793 | |
Badger Meter, Inc. | 22,495 | 884,278 | |
Barnes Group, Inc. (d) | 30,587 | 650,891 | |
Blount International, Inc. (a) | 34,987 | 531,802 | |
Briggs & Stratton Corp. | 49,425 | 994,925 | |
Bucyrus International, Inc. Class A | 58,993 | 5,371,903 | |
Cascade Corp. (d) | 10,279 | 502,232 | |
Caterpillar, Inc. | 455,056 | 46,838,914 | |
Chart Industries, Inc. (a) | 22,666 | 1,028,810 | |
CIRCOR International, Inc. | 15,202 | 602,759 | |
CLARCOR, Inc. (d) | 36,902 | 1,518,148 | |
Colfax Corp. (a) | 22,381 | 496,411 | |
Columbus McKinnon Corp. (NY Shares) (a)(d) | 19,359 | 334,330 | |
Commercial Vehicle Group, Inc. (a) | 19,815 | 312,284 | |
Crane Co. | 37,272 | 1,760,729 | |
Cummins, Inc. | 141,608 | 14,319,401 | |
Danaher Corp. | 401,715 | 20,326,779 | |
Deere & Co. | 335,894 | 30,280,844 | |
Donaldson Co., Inc. | 54,209 | 3,051,967 | |
Dover Corp. | 146,242 | 9,396,049 | |
Dynamic Materials Corp. | 14,847 | 392,406 | |
Eaton Corp. | 132,539 | 14,682,670 | |
Energy Recovery, Inc. (a) | 21,981 | 74,516 | |
EnPro Industries, Inc. (a)(d) | 28,181 | 1,118,222 | |
ESCO Technologies, Inc. | 23,553 | 901,844 | |
Federal Signal Corp. | 50,058 | 323,875 | |
Flow International Corp. (a) | 28,106 | 112,143 | |
Flowserve Corp. | 44,556 | 5,568,163 | |
Force Protection, Inc. (a)(d) | 66,175 | 333,522 | |
FreightCar America, Inc. (d) | 19,186 | 539,510 | |
Gardner Denver, Inc. | 39,209 | 2,867,746 | |
Gorman-Rupp Co. | 13,215 | 493,316 | |
Graco, Inc. (d) | 47,766 | 1,944,554 | |
Graham Corp. (d) | 7,797 | 165,530 | |
Greenbrier Companies, Inc. (a)(d) | 17,988 | 449,340 | |
Hardinge, Inc. | 11,551 | 154,206 | |
Harsco Corp. | 62,697 | 2,142,356 | |
Hurco Companies, Inc. (a) | 3,204 | 96,216 | |
IDEX Corp. | 60,393 | 2,490,607 | |
Illinois Tool Works, Inc. | 343,133 | 18,563,495 | |
Ingersoll-Rand Co. Ltd. | 255,511 | 11,574,648 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
John Bean Technologies Corp. | 27,405 | $ 519,873 | |
Joy Global, Inc. | 80,244 | 7,814,161 | |
Kadant, Inc. (a) | 14,460 | 376,249 | |
Kaydon Corp. (d) | 23,000 | 902,520 | |
Kennametal, Inc. | 60,540 | 2,328,368 | |
L.B. Foster Co. Class A (a)(d) | 12,372 | 519,624 | |
Lincoln Electric Holdings, Inc. | 33,079 | 2,361,179 | |
Lindsay Corp. (d) | 11,966 | 844,919 | |
Manitowoc Co., Inc. (d) | 105,350 | 2,086,984 | |
Middleby Corp. (a)(d) | 19,442 | 1,743,364 | |
Miller Industries, Inc. | 360 | 5,983 | |
Mueller Industries, Inc. | 27,714 | 941,722 | |
Mueller Water Products, Inc. Class A | 101,652 | 412,707 | |
NACCO Industries, Inc. Class A | 3,799 | 473,165 | |
Navistar International Corp. (a) | 42,279 | 2,620,452 | |
NN, Inc. (a) | 14,100 | 172,725 | |
Nordson Corp. | 23,310 | 2,538,692 | |
Omega Flex, Inc. (a) | 300 | 3,921 | |
Oshkosh Co. (a) | 71,173 | 2,538,741 | |
PACCAR, Inc. | 290,250 | 14,550,233 | |
Pall Corp. | 88,777 | 4,825,918 | |
Parker Hannifin Corp. | 126,995 | 11,325,414 | |
Pentair, Inc. (d) | 80,000 | 2,966,400 | |
RBC Bearings, Inc. (a) | 25,395 | 919,045 | |
Robbins & Myers, Inc. | 39,866 | 1,699,488 | |
Sauer-Danfoss, Inc. (a) | 11,435 | 349,111 | |
Snap-On, Inc. | 46,046 | 2,644,422 | |
SPX Corp. | 38,026 | 3,032,954 | |
Sun Hydraulics Corp. | 15,000 | 541,500 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 21,767 | 261,857 | |
Tennant Co. | 16,284 | 661,945 | |
Terex Corp. (a) | 85,000 | 2,868,750 | |
Timken Co. | 58,376 | 2,844,079 | |
Titan International, Inc. (d) | 37,101 | 891,166 | |
Toro Co. | 28,710 | 1,791,504 | |
TriMas Corp. (a) | 17,832 | 366,804 | |
Trinity Industries, Inc. (d) | 57,000 | 1,775,550 | |
Twin Disc, Inc. | 8,348 | 270,141 | |
Valmont Industries, Inc. (d) | 15,488 | 1,581,015 | |
Wabash National Corp. (a)(d) | 81,532 | 849,563 | |
WABCO Holdings, Inc. (a) | 55,565 | 3,246,663 | |
Wabtec Corp. | 36,463 | 2,069,640 | |
Watts Water Technologies, Inc. Class A (d) | 21,182 | 828,428 | |
| 306,408,644 | ||
Marine - 0.0% | |||
Alexander & Baldwin, Inc. | 31,226 | 1,309,618 | |
Baltic Trading Ltd. | 24,565 | 232,631 | |
Eagle Bulk Shipping, Inc. (a)(d) | 88,868 | 365,247 | |
| |||
Shares | Value | ||
Genco Shipping & Trading Ltd. (a)(d) | 31,967 | $ 388,079 | |
Horizon Lines, Inc. Class A | 31,625 | 144,526 | |
International Shipholding Corp. | 6,249 | 152,726 | |
Kirby Corp. (a)(d) | 40,612 | 2,247,468 | |
| 4,840,295 | ||
Professional Services - 0.3% | |||
Acacia Research Corp. - Acacia Technologies (a)(d) | 35,320 | 1,035,582 | |
Administaff, Inc. | 18,343 | 549,006 | |
Advisory Board Co. (a)(d) | 16,258 | 831,759 | |
Barrett Business Services, Inc. | 2,508 | 36,592 | |
CBIZ, Inc. (a)(d) | 43,495 | 307,945 | |
CDI Corp. | 7,155 | 106,466 | |
Corporate Executive Board Co. | 28,235 | 1,131,376 | |
CoStar Group, Inc. (a)(d) | 18,378 | 1,041,481 | |
CRA International, Inc. (a)(d) | 18,135 | 470,422 | |
CTPartners Executive Search, Inc. | 1,000 | 15,500 | |
Dolan Co. (a) | 19,623 | 245,288 | |
Dun & Bradstreet Corp. | 39,637 | 3,202,670 | |
Equifax, Inc. | 97,011 | 3,468,143 | |
Exponent, Inc. (a)(d) | 18,059 | 710,622 | |
FTI Consulting, Inc. (a)(d) | 37,577 | 1,239,665 | |
GP Strategies Corp. (a) | 1,600 | 18,528 | |
Heidrick & Struggles International, Inc. | 25,893 | 705,066 | |
Hill International, Inc. (a) | 16,222 | 85,977 | |
Hudson Highland Group, Inc. (a)(d) | 6,919 | 46,426 | |
Huron Consulting Group, Inc. (a) | 19,198 | 534,088 | |
ICF International, Inc. (a) | 19,900 | 451,133 | |
IHS, Inc. Class A (a)(d) | 36,836 | 3,083,173 | |
Kelly Services, Inc. Class A (non-vtg.) (a)(d) | 22,445 | 471,794 | |
Kforce, Inc. (a)(d) | 30,240 | 540,086 | |
Korn/Ferry International (a)(d) | 34,882 | 797,403 | |
LECG Corp. (a) | 11,382 | 1,480 | |
Manpower, Inc. | 63,004 | 4,000,754 | |
MISTRAS Group, Inc. (a) | 11,517 | 173,792 | |
Navigant Consulting, Inc. (a) | 42,458 | 398,681 | |
Nielsen Holdings B.V. (a) | 56,234 | 1,495,262 | |
On Assignment, Inc. (a) | 30,613 | 321,437 | |
RCM Technologies, Inc. (a) | 1,400 | 7,112 | |
Resources Connection, Inc. | 37,123 | 716,103 | |
Robert Half International, Inc. | 113,000 | 3,604,700 | |
School Specialty, Inc. (a)(d) | 15,539 | 238,524 | |
SFN Group, Inc. (a) | 36,388 | 503,246 | |
Spherix, Inc. (a) | 2,713 | 1,351 | |
Towers Watson & Co. | 39,178 | 2,303,666 | |
TrueBlue, Inc. (a) | 31,970 | 516,316 | |
Verisk Analytics, Inc. (a) | 90,005 | 2,911,662 | |
VSE Corp. | 2,133 | 57,826 | |
| 38,378,103 | ||
Road & Rail - 0.9% | |||
AMERCO (a) | 5,493 | 530,569 | |
Arkansas Best Corp. (d) | 19,606 | 465,054 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Road & Rail - continued | |||
Avis Budget Group, Inc. (a)(d) | 91,148 | $ 1,396,387 | |
Celadon Group, Inc. (a) | 16,994 | 248,282 | |
Con-way, Inc. (d) | 40,092 | 1,305,396 | |
Covenant Transport Group, Inc. Class A (a) | 2,866 | 24,934 | |
CSX Corp. | 297,790 | 22,233,001 | |
Dollar Thrifty Automotive Group, Inc. (a) | 21,490 | 1,141,334 | |
Genesee & Wyoming, Inc. Class A (a) | 29,171 | 1,519,517 | |
Heartland Express, Inc. (d) | 37,647 | 624,564 | |
Hertz Global Holdings, Inc. (a)(d) | 139,117 | 2,115,970 | |
J.B. Hunt Transport Services, Inc. | 68,820 | 2,863,600 | |
Kansas City Southern (a)(d) | 78,697 | 4,237,046 | |
Knight Transportation, Inc. | 37,691 | 701,430 | |
Landstar System, Inc. (d) | 37,300 | 1,658,731 | |
Marten Transport Ltd. | 24,195 | 516,563 | |
Norfolk Southern Corp. | 290,668 | 19,062,007 | |
Old Dominion Freight Lines, Inc. (a) | 44,557 | 1,371,464 | |
Quality Distribution, Inc. (a)(d) | 6,466 | 65,307 | |
RailAmerica, Inc. (a) | 25,136 | 377,040 | |
Ryder System, Inc. | 42,000 | 2,008,860 | |
Saia, Inc. (a)(d) | 13,559 | 204,470 | |
Swift Transporation Co. | 59,524 | 858,336 | |
Union Pacific Corp. | 398,144 | 37,986,919 | |
Werner Enterprises, Inc. (d) | 38,825 | 914,329 | |
YRC Worldwide, Inc. (a)(d) | 83,799 | 226,257 | |
| 104,657,367 | ||
Trading Companies & Distributors - 0.2% | |||
Aceto Corp. (d) | 15,986 | 126,769 | |
Aircastle Ltd. | 30,934 | 373,683 | |
Applied Industrial Technologies, Inc. | 27,153 | 869,982 | |
Beacon Roofing Supply, Inc. (a)(d) | 51,669 | 1,095,899 | |
BlueLinx Corp. (a) | 10,747 | 41,591 | |
CAI International, Inc. (a) | 8,922 | 188,968 | |
Essex Rental Corp. (a) | 15,231 | 96,717 | |
Fastenal Co. (d) | 105,916 | 6,580,561 | |
GATX Corp. | 31,808 | 1,103,420 | |
H&E Equipment Services, Inc. (a)(d) | 20,181 | 316,438 | |
Houston Wire & Cable Co. | 18,201 | 243,893 | |
Interline Brands, Inc. (a)(d) | 23,660 | 518,391 | |
Kaman Corp. (d) | 19,994 | 637,209 | |
Lawson Products, Inc. | 2,164 | 52,087 | |
MSC Industrial Direct Co., Inc. Class A (d) | 40,969 | 2,588,831 | |
RSC Holdings, Inc. (a)(d) | 43,640 | 594,813 | |
Rush Enterprises, Inc. Class A (a)(d) | 29,403 | 551,894 | |
TAL International Group, Inc. | 19,431 | 677,753 | |
Textainer Group Holdings Ltd. | 9,997 | 353,394 | |
Titan Machinery, Inc. (a)(d) | 20,049 | 515,861 | |
United Rentals, Inc. (a)(d) | 47,069 | 1,458,198 | |
W.W. Grainger, Inc. | 46,174 | 6,150,839 | |
Watsco, Inc. (d) | 19,797 | 1,278,490 | |
| |||
Shares | Value | ||
WESCO International, Inc. (a)(d) | 35,000 | $ 2,037,700 | |
Willis Lease Finance Corp. (a) | 1,200 | 15,816 | |
| 28,469,197 | ||
TOTAL INDUSTRIALS | 1,357,813,316 | ||
INFORMATION TECHNOLOGY - 18.3% | |||
Communications Equipment - 2.1% | |||
Acme Packet, Inc. (a)(d) | 43,538 | 3,275,799 | |
ADTRAN, Inc. | 45,000 | 2,046,600 | |
Alliance Fiber Optic Products, Inc. (a) | 6,359 | 85,529 | |
Anaren, Inc. (a) | 27,831 | 590,574 | |
Arris Group, Inc. (a) | 89,892 | 1,186,574 | |
Aruba Networks, Inc. (a)(d) | 63,333 | 1,928,490 | |
Aviat Networks, Inc. (a) | 77,479 | 473,397 | |
Bel Fuse, Inc. Class B (non-vtg.) | 8,180 | 179,142 | |
BigBand Networks, Inc. (a)(d) | 52,482 | 136,453 | |
Black Box Corp. | 19,489 | 744,285 | |
Blonder Tongue Laboratories, Inc. (a) | 3,900 | 8,073 | |
Blue Coat Systems, Inc. (a)(d) | 35,999 | 1,013,012 | |
Brocade Communications Systems, Inc. (a) | 348,587 | 2,220,499 | |
Calix Networks, Inc. (a)(d) | 17,642 | 313,851 | |
Ciena Corp. (a)(d) | 71,876 | 1,981,621 | |
Cisco Systems, Inc. (a) | 4,426,249 | 82,151,181 | |
Communications Systems, Inc. | 2,718 | 43,869 | |
Comtech Telecommunications Corp. | 26,101 | 706,032 | |
DG FastChannel, Inc. (a)(d) | 30,761 | 1,018,497 | |
Digi International, Inc. (a) | 24,959 | 276,296 | |
Ditech Networks, Inc. (a) | 8,447 | 14,191 | |
EchoStar Holding Corp. Class A (a) | 37,613 | 1,305,171 | |
EMCORE Corp. (a)(d) | 69,212 | 193,101 | |
EMS Technologies, Inc. (a) | 24,115 | 468,796 | |
Emulex Corp. (a) | 77,716 | 854,876 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a)(d) | 81,024 | 317,614 | |
F5 Networks, Inc. (a) | 63,123 | 7,449,145 | |
Finisar Corp. (a)(d) | 60,166 | 2,468,009 | |
Globecomm Systems, Inc. (a) | 13,582 | 144,648 | |
Harmonic, Inc. (a) | 87,814 | 843,893 | |
Harris Corp. | 98,382 | 4,590,504 | |
Infinera Corp. (a)(d) | 76,264 | 610,875 | |
InterDigital, Inc. (d) | 34,017 | 1,621,931 | |
Ixia (a)(d) | 35,026 | 614,706 | |
JDS Uniphase Corp. (a) | 195,500 | 4,822,985 | |
Juniper Networks, Inc. (a) | 418,758 | 18,425,352 | |
KVH Industries, Inc. (a) | 6,576 | 96,536 | |
Lantronix, Inc. (a) | 83 | 316 | |
Loral Space & Communications Ltd. (a) | 7,589 | 574,184 | |
Meru Networks, Inc. (a)(d) | 6,468 | 138,156 | |
Motorola Mobility Holdings, Inc. | 209,281 | 6,320,286 | |
Motorola Solutions, Inc. | 240,035 | 9,274,952 | |
NETGEAR, Inc. (a)(d) | 37,262 | 1,222,194 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Network Engines, Inc. (a) | 2,300 | $ 4,761 | |
Network Equipment Technologies, Inc. (a)(d) | 17,660 | 64,282 | |
NumereX Corp. Class A (a) | 3,105 | 28,566 | |
Oclaro, Inc. (a) | 33,507 | 590,728 | |
Oplink Communications, Inc. (a) | 17,767 | 483,440 | |
Opnext, Inc. (a)(d) | 45,408 | 190,260 | |
Optical Cable Corp. | 656 | 4,264 | |
ORBCOMM, Inc. (a) | 23,301 | 82,719 | |
Parkervision, Inc. (a) | 17,441 | 12,906 | |
PC-Tel, Inc. (a) | 2,627 | 19,676 | |
Performance Technologies, Inc. (a) | 3,463 | 6,926 | |
Plantronics, Inc. | 36,731 | 1,281,545 | |
Polycom, Inc. (a) | 65,048 | 3,109,294 | |
Powerwave Technologies, Inc. (a) | 103,954 | 383,590 | |
Procera Networks, Inc. (a) | 5,000 | 42,600 | |
QUALCOMM, Inc. | 1,281,108 | 76,328,415 | |
Riverbed Technology, Inc. (a)(d) | 113,996 | 4,706,895 | |
SeaChange International, Inc. (a)(d) | 20,553 | 194,020 | |
Sonus Networks, Inc. (a)(d) | 265,678 | 805,004 | |
Sycamore Networks, Inc. | 16,176 | 345,358 | |
Symmetricom, Inc. (a) | 25,258 | 142,960 | |
Tekelec (a)(d) | 52,160 | 400,067 | |
Tellabs, Inc. | 265,143 | 1,429,121 | |
Telular Corp. | 2,100 | 14,595 | |
Tollgrade Communications, Inc. (a) | 2,548 | 25,455 | |
UTStarcom, Inc. (a)(d) | 75,765 | 155,318 | |
ViaSat, Inc. (a)(d) | 27,907 | 1,161,210 | |
Westell Technologies, Inc. Class A (a) | 10,212 | 33,393 | |
Zoom Technologies, Inc. (a)(d) | 28,169 | 105,915 | |
| 254,905,478 | ||
Computers & Peripherals - 3.7% | |||
Apple, Inc. (a) | 732,671 | 258,786,724 | |
Astro-Med, Inc. | 5,359 | 40,246 | |
Avid Technology, Inc. (a)(d) | 21,770 | 480,246 | |
Concurrent Computer Corp. (a) | 1,148 | 7,037 | |
Cray, Inc. (a) | 27,805 | 205,201 | |
Datalink Corp. (a) | 2,627 | 17,732 | |
Dataram Corp. (a) | 3,881 | 8,965 | |
Dell, Inc. (a) | 1,374,380 | 21,756,435 | |
Diebold, Inc. | 49,625 | 1,744,815 | |
Dot Hill Systems Corp. (a) | 34,851 | 113,963 | |
Electronics for Imaging, Inc. (a)(d) | 64,810 | 1,000,018 | |
EMC Corp. (a) | 1,624,934 | 44,214,454 | |
Hauppauge Digital, Inc. (a) | 500 | 1,185 | |
Hewlett-Packard Co. | 1,812,120 | 79,062,796 | |
Hutchinson Technology, Inc. (a)(d) | 11,789 | 37,017 | |
Hypercom Corp. (a)(d) | 36,705 | 366,683 | |
iGO, Inc. (a)(d) | 21,591 | 82,262 | |
Imation Corp. (a) | 17,514 | 201,061 | |
Immersion Corp. (a) | 36,085 | 256,204 | |
| |||
Shares | Value | ||
Intermec, Inc. (a) | 38,256 | $ 429,615 | |
Interphase Corp. (a) | 12,467 | 65,452 | |
Intevac, Inc. (a)(d) | 15,683 | 200,272 | |
Lexmark International, Inc. Class A (a)(d) | 60,587 | 2,273,830 | |
MidgardXXI, Inc. (a) | 10 | 0 | |
NCR Corp. (a) | 120,108 | 2,294,063 | |
NetApp, Inc. (a) | 281,809 | 14,558,253 | |
Novatel Wireless, Inc. (a)(d) | 32,010 | 189,499 | |
OCZ Technology Group, Inc. (a) | 20,732 | 156,112 | |
Overland Storage, Inc. (a) | 693 | 1,095 | |
Presstek, Inc. (a)(d) | 8,481 | 20,100 | |
QLogic Corp. (a) | 92,628 | 1,672,862 | |
Quantum Corp. (a)(d) | 145,293 | 376,309 | |
Rimage Corp. | 7,000 | 105,070 | |
SanDisk Corp. (a) | 183,487 | 9,100,955 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology (a) | 378,630 | 4,808,601 | |
Silicon Graphics International Corp. (a)(d) | 29,148 | 452,085 | |
STEC, Inc. (a)(d) | 30,010 | 613,104 | |
Stratasys, Inc. (a)(d) | 22,294 | 1,011,702 | |
Super Micro Computer, Inc. (a)(d) | 15,000 | 224,250 | |
Synaptics, Inc. (a)(d) | 25,614 | 755,613 | |
Video Display Corp. (a) | 3,439 | 13,240 | |
Western Digital Corp. (a) | 179,171 | 5,479,049 | |
| 453,184,175 | ||
Electronic Equipment & Components - 1.0% | |||
Advanced Photonix, Inc. Class A (a)(d) | 5,286 | 10,889 | |
Aeroflex Holding Corp. | 12,988 | 255,214 | |
Agilysys, Inc. (a)(d) | 29,574 | 148,461 | |
Amphenol Corp. Class A | 134,616 | 7,737,728 | |
Anixter International, Inc. (d) | 21,000 | 1,504,020 | |
Arrow Electronics, Inc. (a) | 89,004 | 3,488,957 | |
Avnet, Inc. (a) | 114,227 | 3,907,706 | |
AVX Corp. | 28,540 | 455,213 | |
Benchmark Electronics, Inc. (a) | 58,190 | 1,097,463 | |
Brightpoint, Inc. (a)(d) | 59,347 | 747,772 | |
CalAmp Corp. (a) | 3,621 | 11,044 | |
Checkpoint Systems, Inc. (a)(d) | 28,100 | 612,018 | |
Clearfield, Inc. (a) | 2,800 | 14,000 | |
Cognex Corp. | 28,237 | 788,095 | |
Coherent, Inc. (a)(d) | 23,737 | 1,465,760 | |
Comverge, Inc. (a) | 24,404 | 124,216 | |
Corning, Inc. | 1,244,802 | 28,705,134 | |
CTS Corp. (d) | 21,333 | 253,009 | |
Daktronics, Inc. (d) | 37,452 | 428,825 | |
Dolby Laboratories, Inc. Class A (a) | 51,564 | 2,607,591 | |
DTS, Inc. (a)(d) | 21,936 | 994,798 | |
Echelon Corp. (a)(d) | 28,938 | 253,497 | |
Electro Rent Corp. | 2,627 | 42,058 | |
Electro Scientific Industries, Inc. (a) | 25,174 | 383,652 | |
Fabrinet (a) | 15,195 | 444,150 | |
FARO Technologies, Inc. (a) | 21,693 | 773,355 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
FLIR Systems, Inc. | 120,718 | $ 3,899,191 | |
Frequency Electronics, Inc. (a) | 500 | 4,030 | |
Gerber Scientific, Inc. (a)(d) | 4,538 | 37,439 | |
Giga-Tronics, Inc. (a) | 3,000 | 7,620 | |
GTSI Corp. (a) | 2,376 | 11,262 | |
Identive Group, Inc. (a) | 600 | 1,578 | |
IEC Electronics Corp. (a)(d) | 100 | 847 | |
Ingram Micro, Inc. Class A (a) | 123,200 | 2,455,376 | |
Insight Enterprises, Inc. (a) | 30,442 | 556,784 | |
IPG Photonics Corp. (a)(d) | 19,405 | 1,104,533 | |
Iteris, Inc. (a) | 1,200 | 1,968 | |
Itron, Inc. (a)(d) | 31,958 | 1,812,338 | |
Jabil Circuit, Inc. | 153,436 | 3,288,133 | |
KEMET Corp. (a) | 27,578 | 383,334 | |
L-1 Identity Solutions, Inc. (a) | 65,365 | 778,497 | |
LeCroy Corp. (a) | 9,671 | 135,781 | |
LightPath Technologies, Inc. Class A (a) | 437 | 625 | |
Littelfuse, Inc. | 24,755 | 1,307,807 | |
LoJack Corp. (a) | 24,509 | 146,564 | |
Maxwell Technologies, Inc. (a)(d) | 16,314 | 295,447 | |
Measurement Specialties, Inc. (a) | 9,947 | 307,760 | |
Mercury Computer Systems, Inc. (a) | 16,844 | 319,699 | |
Mesa Laboratories, Inc. | 2,540 | 76,327 | |
Methode Electronics, Inc. Class A | 32,238 | 377,185 | |
Micronetics, Inc. (a) | 1,137 | 4,662 | |
Microvision, Inc. (a)(d) | 81,097 | 135,432 | |
MOCON, Inc. | 2,570 | 33,590 | |
Molex, Inc. (d) | 100,000 | 2,793,000 | |
MTS Systems Corp. | 19,462 | 901,285 | |
Multi-Fineline Electronix, Inc. (a)(d) | 11,912 | 340,921 | |
National Instruments Corp. | 63,904 | 1,989,332 | |
NeoPhotonics Corp. | 6,076 | 111,495 | |
NetList, Inc. (a) | 21,728 | 51,278 | |
Newport Corp. (a) | 27,067 | 450,666 | |
OSI Systems, Inc. (a) | 20,275 | 762,746 | |
Park Electrochemical Corp. (d) | 18,978 | 603,500 | |
PC Connection, Inc. (a) | 2,687 | 22,840 | |
PC Mall, Inc. (a) | 500 | 5,300 | |
Planar Systems, Inc. (a) | 2,649 | 6,887 | |
Plexus Corp. (a)(d) | 30,922 | 971,878 | |
Power-One, Inc. (a)(d) | 77,257 | 635,825 | |
Pulse Electronics Corp. | 34,299 | 207,166 | |
RadiSys Corp. (a)(d) | 10,726 | 89,348 | |
Research Frontiers, Inc. (a) | 2,000 | 15,680 | |
Richardson Electronics Ltd. | 8,705 | 113,165 | |
Rofin-Sinar Technologies, Inc. (a) | 25,906 | 1,004,635 | |
Rogers Corp. (a) | 20,008 | 943,577 | |
Sanmina-SCI Corp. (a) | 66,811 | 1,043,588 | |
ScanSource, Inc. (a) | 22,961 | 838,765 | |
SMART Modular Technologies (WWH), Inc. (a)(d) | 21,644 | 149,993 | |
| |||
Shares | Value | ||
Spectrum Control, Inc. (a) | 1,791 | $ 25,092 | |
SYNNEX Corp. (a)(d) | 17,416 | 614,436 | |
Tech Data Corp. (a) | 35,292 | 1,749,777 | |
Trimble Navigation Ltd. (a)(d) | 91,432 | 4,493,883 | |
TTM Technologies, Inc. (a)(d) | 52,954 | 928,813 | |
Tyco Electronics Ltd. | 347,466 | 12,522,675 | |
Universal Display Corp. (a)(d) | 43,724 | 1,840,343 | |
Viasystems Group, Inc. (a) | 4,738 | 112,480 | |
Vishay Intertechnology, Inc. (a) | 151,851 | 2,649,800 | |
Vishay Precision Group, Inc. (a) | 11,162 | 184,731 | |
Wayside Technology Group, Inc. | 1,433 | 20,807 | |
X-Rite, Inc. (a)(d) | 29,750 | 138,338 | |
Zygo Corp. (a)(d) | 11,433 | 165,550 | |
| 114,238,029 | ||
Internet Software & Services - 1.7% | |||
Akamai Technologies, Inc. (a) | 142,260 | 5,339,018 | |
Ancestry.com, Inc. (a)(d) | 17,904 | 588,325 | |
AOL, Inc. (a) | 81,798 | 1,707,124 | |
Autobytel, Inc. (a) | 6,680 | 7,548 | |
comScore, Inc. (a)(d) | 24,813 | 683,102 | |
Constant Contact, Inc. (a)(d) | 25,942 | 750,502 | |
DealerTrack Holdings, Inc. (a)(d) | 40,324 | 813,738 | |
Demand Media, Inc. (d) | 7,292 | 164,070 | |
Dice Holdings, Inc. (a)(d) | 24,388 | 334,847 | |
Digital River, Inc. (a)(d) | 29,881 | 1,003,404 | |
EarthLink, Inc. | 93,772 | 771,744 | |
EasyLink Services International Corp. (a) | 600 | 2,502 | |
eBay, Inc. (a) | 895,621 | 30,007,782 | |
Equinix, Inc. (a)(d) | 35,156 | 3,038,885 | |
Google, Inc. Class A (a) | 186,654 | 114,493,564 | |
GSI Commerce, Inc. (a)(d) | 45,019 | 935,945 | |
IAC/InterActiveCorp (a) | 63,912 | 1,985,746 | |
iMergent, Inc. | 7,660 | 46,649 | |
InfoSpace, Inc. (a) | 38,127 | 307,304 | |
Internap Network Services Corp. (a)(d) | 31,452 | 213,874 | |
IntraLinks Holdings, Inc. | 16,000 | 451,040 | |
iPass, Inc. | 26,101 | 38,890 | |
j2 Global Communications, Inc. (a)(d) | 36,797 | 1,070,425 | |
Jupiter Media Metrix, Inc. (a) | 4,711 | 0 | |
Keynote Systems, Inc. | 20,911 | 367,824 | |
KIT Digital, Inc. (a)(d) | 33,823 | 440,037 | |
Limelight Networks, Inc. (a)(d) | 38,482 | 267,450 | |
Liquidity Services, Inc. (a) | 18,306 | 294,177 | |
LivePerson, Inc. (a)(d) | 34,886 | 349,907 | |
LogMeIn, Inc. (a)(d) | 26,702 | 958,335 | |
LoopNet, Inc. (a) | 38,132 | 453,771 | |
Marchex, Inc. Class B | 33,368 | 299,978 | |
ModusLink Global Solutions, Inc. (a) | 36,096 | 249,062 | |
Monster Worldwide, Inc. (a)(d) | 102,447 | 1,756,966 | |
Move, Inc. (a)(d) | 91,866 | 194,756 | |
NIC, Inc. (d) | 56,640 | 574,330 | |
Onstream Media Corp. (a) | 34 | 38 | |
OpenTable, Inc. (a)(d) | 13,086 | 1,162,953 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Openwave Systems, Inc. (a) | 54,415 | $ 120,801 | |
Perficient, Inc. (a) | 16,992 | 211,211 | |
quepasa.com, Inc. (a) | 10,488 | 91,350 | |
QuinStreet, Inc. (d) | 20,497 | 446,630 | |
Rackspace Hosting, Inc. (a)(d) | 88,714 | 3,274,434 | |
RealNetworks, Inc. (a) | 104,429 | 402,052 | |
RightNow Technologies, Inc. (a)(d) | 24,176 | 645,257 | |
Saba Software, Inc. (a)(d) | 3,088 | 21,832 | |
SAVVIS, Inc. (a)(d) | 38,278 | 1,243,652 | |
SciQuest, Inc. | 4,900 | 69,874 | |
Selectica, Inc. (a) | 643 | 3,813 | |
Stamps.com, Inc. | 4,851 | 65,197 | |
Support.com, Inc. (a) | 18,629 | 103,950 | |
Terremark Worldwide, Inc. (a) | 35,051 | 665,268 | |
The Knot, Inc. (a) | 26,713 | 267,931 | |
TheStreet.com, Inc. | 4,299 | 14,273 | |
Travelzoo, Inc. (a)(d) | 4,777 | 188,453 | |
United Online, Inc. (d) | 83,735 | 503,247 | |
ValueClick, Inc. (a) | 65,749 | 981,633 | |
VeriSign, Inc. | 134,565 | 4,748,799 | |
VistaPrint Ltd. (a)(d) | 31,000 | 1,587,510 | |
Vocus, Inc. (a)(d) | 27,197 | 660,887 | |
Web.com, Inc. (a) | 20,761 | 264,080 | |
WebMD Health Corp. (a) | 44,769 | 2,596,602 | |
WebMediaBrands, Inc. (a) | 1,200 | 1,644 | |
Yahoo!, Inc. (a) | 1,007,816 | 16,528,182 | |
Zix Corp. (a) | 50,920 | 187,895 | |
| 208,022,069 | ||
IT Services - 3.1% | |||
Accenture PLC Class A | 491,662 | 25,310,760 | |
Acxiom Corp. (a) | 59,611 | 1,021,733 | |
Alliance Data Systems Corp. (a)(d) | 40,428 | 3,183,301 | |
Automatic Data Processing, Inc. | 397,334 | 19,866,700 | |
Booz Allen Hamilton Holding Corp. Class A | 8,000 | 147,920 | |
Broadridge Financial Solutions, Inc. | 94,665 | 2,169,722 | |
CACI International, Inc. Class A (a)(d) | 23,086 | 1,369,462 | |
Cardtronics, Inc. (a) | 23,612 | 447,447 | |
Ciber, Inc. (a) | 62,714 | 292,874 | |
Cognizant Technology Solutions Corp. Class A (a) | 239,095 | 18,379,233 | |
Computer Sciences Corp. | 121,482 | 5,846,929 | |
Convergys Corp. (a) | 93,827 | 1,320,146 | |
CoreLogic, Inc. (a) | 79,902 | 1,490,172 | |
CSG Systems International, Inc. (a)(d) | 30,887 | 603,841 | |
CSP, Inc. (a) | 4,299 | 17,712 | |
DST Systems, Inc. | 28,971 | 1,477,521 | |
Dynamics Research Corp. (a) | 2,841 | 43,638 | |
Echo Global Logistics, Inc. (a)(d) | 9,011 | 106,510 | |
Edgewater Technology, Inc. (a) | 3,344 | 7,792 | |
eLoyalty Corp. (a) | 5,011 | 34,075 | |
| |||
Shares | Value | ||
ePresence, Inc. | 600 | $ 0 | |
Euronet Worldwide, Inc. (a)(d) | 42,896 | 775,131 | |
Fidelity National Information Services, Inc. | 196,750 | 6,372,733 | |
Fiserv, Inc. (a) | 118,638 | 7,506,226 | |
FleetCor Technologies, Inc. | 9,736 | 311,455 | |
Forrester Research, Inc. (d) | 12,145 | 439,406 | |
Gartner, Inc. Class A (a) | 65,757 | 2,480,354 | |
Genpact Ltd. (a)(d) | 76,989 | 1,073,997 | |
Global Cash Access Holdings, Inc. (a) | 36,284 | 124,817 | |
Global Payments, Inc. | 61,708 | 2,961,367 | |
Hackett Group, Inc. (a)(d) | 2,704 | 9,761 | |
Heartland Payment Systems, Inc. | 35,890 | 702,726 | |
iGate Corp. (d) | 19,291 | 349,167 | |
Innodata Isogen, Inc. (a) | 10,986 | 29,992 | |
Integral Systems, Inc. (a) | 21,096 | 258,215 | |
International Business Machines Corp. | 994,389 | 160,971,691 | |
Jack Henry & Associates, Inc. (d) | 63,360 | 2,021,818 | |
Lender Processing Services, Inc. | 73,000 | 2,487,110 | |
Lionbridge Technologies, Inc. (a) | 40,348 | 148,481 | |
ManTech International Corp. Class A (a)(d) | 26,780 | 1,156,896 | |
Mastech Holdings, Inc. (a) | 348 | 1,705 | |
MasterCard, Inc. Class A | 84,191 | 20,252,987 | |
Maximus, Inc. | 17,521 | 1,296,554 | |
MoneyGram International, Inc. (a) | 50,743 | 140,051 | |
NCI, Inc. Class A (a) | 14,263 | 326,623 | |
NeuStar, Inc. Class A (a) | 56,000 | 1,414,000 | |
Online Resources Corp. (a) | 30,570 | 200,234 | |
Paychex, Inc. | 259,848 | 8,738,688 | |
PFSweb, Inc. (a) | 2,111 | 7,241 | |
SAIC, Inc. (a) | 290,678 | 4,749,679 | |
Sapient Corp. (d) | 95,545 | 1,132,208 | |
SRA International, Inc. Class A (a)(d) | 32,151 | 875,472 | |
StarTek, Inc. (a) | 2,269 | 12,616 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Stream Global Services, Inc. (a) | 34,000 | 107,100 | |
Syntel, Inc. (d) | 19,261 | 1,014,092 | |
Teletech Holdings, Inc. (a) | 22,443 | 511,252 | |
Teradata Corp. (a) | 131,597 | 6,292,969 | |
The Management Network Group, Inc. (a) | 240 | 595 | |
The Western Union Co. | 524,660 | 11,537,273 | |
TNS, Inc. (a) | 28,980 | 546,273 | |
Total System Services, Inc. (d) | 149,686 | 2,656,927 | |
TSR, Inc. (a) | 50 | 248 | |
Unisys Corp. (a) | 28,857 | 1,072,326 | |
VeriFone Systems, Inc. (a)(d) | 65,337 | 2,968,913 | |
Visa, Inc. Class A | 398,720 | 29,126,496 | |
Wright Express Corp. (a)(d) | 28,758 | 1,466,658 | |
XETA Technologies, Inc. (a) | 2,000 | 11,020 | |
Zanett, Inc. (a)(d) | 37,959 | 50,106 | |
| 369,829,137 | ||
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,093,669 | $ 11,756,942 | |
Zebra Technologies Corp. Class A (a) | 45,996 | 1,716,571 | |
| 13,473,513 | ||
Semiconductors & Semiconductor Equipment - 2.9% | |||
Advanced Analogic Technologies, Inc. (a) | 28,971 | 122,547 | |
Advanced Energy Industries, Inc. (a)(d) | 36,156 | 582,835 | |
Advanced Micro Devices, Inc. (a)(d) | 441,120 | 4,062,715 | |
AEHR Test Systems (a) | 3,637 | 6,365 | |
Aetrium, Inc. (a) | 2,400 | 4,416 | |
Altera Corp. | 242,221 | 10,139,371 | |
Amkor Technology, Inc. (a)(d) | 103,886 | 765,640 | |
Amtech Systems, Inc. (a)(d) | 14,403 | 330,837 | |
ANADIGICS, Inc. (a) | 46,131 | 250,491 | |
Analog Devices, Inc. | 228,822 | 9,125,421 | |
Applied Materials, Inc. | 1,058,415 | 17,389,758 | |
Applied Micro Circuits Corp. (a)(d) | 85,622 | 899,031 | |
Atheros Communications, Inc. (a) | 51,172 | 2,293,017 | |
Atmel Corp. (a) | 359,116 | 5,271,823 | |
ATMI, Inc. (a) | 27,202 | 496,164 | |
Axcelis Technologies, Inc. (a)(d) | 87,927 | 241,799 | |
AXT, Inc. (a)(d) | 26,307 | 195,198 | |
Broadcom Corp. Class A | 343,796 | 14,171,271 | |
Brooks Automation, Inc. (a)(d) | 54,086 | 678,779 | |
Cabot Microelectronics Corp. (a) | 26,910 | 1,313,746 | |
Cavium Networks, Inc. (a)(d) | 42,346 | 1,828,500 | |
Ceva, Inc. (a) | 15,930 | 363,204 | |
Cirrus Logic, Inc. (a)(d) | 50,673 | 1,183,215 | |
Cohu, Inc. | 21,049 | 309,841 | |
Conexant Systems, Inc. (a) | 79,592 | 187,837 | |
Cree, Inc. (a)(d) | 83,570 | 4,401,632 | |
Cymer, Inc. (a)(d) | 28,102 | 1,421,961 | |
Cypress Semiconductor Corp. (a) | 118,990 | 2,494,030 | |
Diodes, Inc. (a) | 31,285 | 906,014 | |
DSP Group, Inc. (a) | 29,152 | 230,009 | |
Energy Conversion Devices, Inc. (a)(d) | 56,015 | 219,579 | |
Entegris, Inc. (a)(d) | 120,306 | 1,049,068 | |
Entropic Communications, Inc. (a)(d) | 49,498 | 458,351 | |
Evergreen Solar, Inc. (a)(d) | 29,709 | 65,954 | |
Exar Corp. (a) | 31,629 | 204,640 | |
Fairchild Semiconductor International, Inc. (a)(d) | 115,283 | 2,030,134 | |
FEI Co. (a) | 29,919 | 1,003,184 | |
First Solar, Inc. (a)(d) | 43,463 | 6,406,012 | |
FormFactor, Inc. (a)(d) | 40,019 | 393,387 | |
FSI International, Inc. (a)(d) | 31,326 | 121,232 | |
GT Solar International, Inc. (a)(d) | 76,955 | 822,649 | |
Hittite Microwave Corp. (a)(d) | 18,372 | 1,127,673 | |
Ikanos Communications, Inc. (a) | 40,760 | 51,358 | |
Integrated Device Technology, Inc. (a) | 116,875 | 905,781 | |
Integrated Silicon Solution, Inc. (a) | 31,506 | 308,129 | |
Intel Corp. | 4,446,105 | 95,457,874 | |
| |||
Shares | Value | ||
International Rectifier Corp. (a) | 56,202 | $ 1,806,332 | |
Intersil Corp. Class A | 101,081 | 1,292,826 | |
Intest Corp. (a) | 2,530 | 10,727 | |
IXYS Corp. (a) | 43,219 | 536,780 | |
KLA-Tencor Corp. | 128,419 | 6,269,416 | |
Kopin Corp. (a) | 36,300 | 159,357 | |
Kulicke & Soffa Industries, Inc. (a)(d) | 63,219 | 606,270 | |
Lam Research Corp. (a) | 93,845 | 5,152,091 | |
Lattice Semiconductor Corp. (a) | 171,631 | 1,139,630 | |
Linear Technology Corp. | 166,020 | 5,737,651 | |
LSI Corp. (a) | 463,843 | 2,917,572 | |
LTX-Credence Corp. (a) | 56,688 | 506,791 | |
Marvell Technology Group Ltd. (a) | 424,647 | 7,762,547 | |
Mattson Technology, Inc. (a)(d) | 45,794 | 119,980 | |
Maxim Integrated Products, Inc. | 229,429 | 6,327,652 | |
MaxLinear, Inc. Class A (a) | 12,240 | 128,765 | |
MEMC Electronic Materials, Inc. (a) | 175,246 | 2,378,088 | |
Micrel, Inc. | 38,851 | 522,157 | |
Microchip Technology, Inc. (d) | 136,343 | 5,032,420 | |
Micron Technology, Inc. (a) | 782,713 | 8,711,596 | |
Microsemi Corp. (a) | 61,682 | 1,358,854 | |
Mindspeed Technologies, Inc. (a)(d) | 23,812 | 184,305 | |
MIPS Technologies, Inc. (a)(d) | 48,280 | 587,568 | |
MKS Instruments, Inc. | 40,801 | 1,224,846 | |
Monolithic Power Systems, Inc. (a) | 41,045 | 634,145 | |
MoSys, Inc. (a)(d) | 5,107 | 28,803 | |
Nanometrics, Inc. (a) | 33,344 | 600,859 | |
National Semiconductor Corp. | 195,769 | 3,034,420 | |
Netlogic Microsystems, Inc. (a)(d) | 40,995 | 1,696,783 | |
Novellus Systems, Inc. (a) | 70,862 | 2,831,646 | |
NVE Corp. (a)(d) | 7,030 | 416,528 | |
NVIDIA Corp. (a) | 449,189 | 10,178,623 | |
Omnivision Technologies, Inc. (a) | 51,642 | 1,581,278 | |
ON Semiconductor Corp. (a)(d) | 324,580 | 3,619,067 | |
PDF Solutions, Inc. (a)(d) | 5,015 | 34,704 | |
Pericom Semiconductor Corp. (a) | 20,374 | 204,962 | |
Photronics, Inc. (a)(d) | 52,431 | 468,733 | |
Pixelworks, Inc. (a) | 2,229 | 7,645 | |
PLX Technology, Inc. (a) | 20,754 | 78,035 | |
PMC-Sierra, Inc. (a) | 163,178 | 1,289,106 | |
Power Integrations, Inc. | 33,258 | 1,324,999 | |
QuickLogic Corp. (a)(d) | 14,539 | 72,695 | |
Rambus, Inc. (a) | 83,250 | 1,710,788 | |
Ramtron International Corp. (a) | 5,613 | 12,180 | |
RF Micro Devices, Inc. (a)(d) | 207,898 | 1,559,235 | |
Rubicon Technology, Inc. (a)(d) | 21,254 | 485,016 | |
Rudolph Technologies, Inc. (a)(d) | 15,301 | 169,535 | |
Semtech Corp. (a)(d) | 46,483 | 1,100,717 | |
Sigma Designs, Inc. (a)(d) | 26,543 | 363,108 | |
Silicon Image, Inc. (a)(d) | 98,207 | 789,584 | |
Silicon Laboratories, Inc. (a)(d) | 32,991 | 1,497,791 | |
Skyworks Solutions, Inc. (a)(d) | 140,530 | 5,050,648 | |
Spansion, Inc. Class A (a) | 19,743 | 415,985 | |
Standard Microsystems Corp. (a) | 28,936 | 767,672 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
SunPower Corp. Class A (a) | 83,550 | $ 1,426,199 | |
Supertex, Inc. (a)(d) | 18,603 | 425,265 | |
Tech/Ops Sevcon, Inc. (a) | 2,508 | 16,452 | |
Tegal Corp. (a) | 508 | 365 | |
Teradyne, Inc. (a)(d) | 147,810 | 2,753,700 | |
Tessera Technologies, Inc. (a) | 37,851 | 658,986 | |
Texas Instruments, Inc. | 950,707 | 33,854,676 | |
TranSwitch Corp. (a) | 2,419 | 6,338 | |
Trident Microsystems, Inc. (a)(d) | 25,747 | 34,758 | |
Trio-Tech International (a) | 4,299 | 20,420 | |
TriQuint Semiconductor, Inc. (a)(d) | 115,778 | 1,649,837 | |
Ultra Clean Holdings, Inc. (a)(d) | 15,000 | 158,550 | |
Ultratech, Inc. (a)(d) | 36,536 | 903,170 | |
Varian Semiconductor Equipment Associates, Inc. (a)(d) | 55,372 | 2,641,798 | |
Veeco Instruments, Inc. (a)(d) | 33,948 | 1,615,246 | |
Volterra Semiconductor Corp. (a)(d) | 32,732 | 825,828 | |
Xilinx, Inc. (d) | 195,466 | 6,499,245 | |
Zoran Corp. (a) | 59,085 | 662,343 | |
| 348,945,159 | ||
Software - 3.7% | |||
ACI Worldwide, Inc. (a)(d) | 36,109 | 1,130,573 | |
Activision Blizzard, Inc. | 428,644 | 4,766,521 | |
Actuate Corp. (a) | 49,055 | 233,992 | |
Adobe Systems, Inc. (a) | 406,000 | 14,007,000 | |
Advent Software, Inc. (a)(d) | 31,614 | 916,806 | |
American Software, Inc. Class A (d) | 4,418 | 29,689 | |
ANSYS, Inc. (a)(d) | 81,162 | 4,571,044 | |
Ariba, Inc. (a) | 83,074 | 2,571,140 | |
Aspen Technology, Inc. (a) | 61,609 | 938,305 | |
Authentidate Holding Corp. (a) | 1,900 | 1,017 | |
Autodesk, Inc. (a) | 177,191 | 7,450,882 | |
Bitstream, Inc. Class A (a) | 6,051 | 40,239 | |
Blackbaud, Inc. | 31,757 | 845,054 | |
Blackboard, Inc. (a)(d) | 27,792 | 972,998 | |
BMC Software, Inc. (a) | 138,240 | 6,842,880 | |
Bottomline Technologies, Inc. (a)(d) | 26,416 | 584,058 | |
BroadSoft, Inc. (a)(d) | 15,109 | 533,348 | |
BSQUARE Corp. (a) | 300 | 3,600 | |
CA, Inc. | 319,506 | 7,917,359 | |
Cadence Design Systems, Inc. (a)(d) | 243,605 | 2,423,870 | |
Citrix Systems, Inc. (a) | 145,529 | 10,210,315 | |
CommVault Systems, Inc. (a)(d) | 42,494 | 1,552,306 | |
Compuware Corp. (a) | 166,500 | 1,874,790 | |
Concur Technologies, Inc. (a)(d) | 35,353 | 1,839,417 | |
Datawatch Corp. (a) | 2,268 | 11,907 | |
ebix.com, Inc. (a) | 36,518 | 961,884 | |
Electronic Arts, Inc. (a) | 251,027 | 4,719,308 | |
Epicor Software Corp. (a) | 38,816 | 399,805 | |
EPIQ Systems, Inc. (d) | 34,750 | 479,898 | |
FactSet Research Systems, Inc. | 32,425 | 3,400,734 | |
| |||
Shares | Value | ||
Fair Isaac Corp. (d) | 43,549 | $ 1,217,195 | |
FalconStor Software, Inc. (a) | 18,520 | 90,192 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 33,243 | 1,357,644 | |
Glu Mobile, Inc. (a)(d) | 31,422 | 142,342 | |
GSE Systems, Inc. (a) | 452 | 1,564 | |
Informatica Corp. (a)(d) | 70,941 | 3,334,936 | |
Interactive Intelligence, Inc. (a) | 7,768 | 267,297 | |
Intuit, Inc. (a) | 229,129 | 12,047,603 | |
JDA Software Group, Inc. (a)(d) | 41,914 | 1,236,463 | |
Kenexa Corp. (a)(d) | 14,889 | 345,276 | |
Lawson Software, Inc. (a)(d) | 135,967 | 1,378,705 | |
Magma Design Automation, Inc. (a) | 31,318 | 208,265 | |
Manhattan Associates, Inc. (a) | 23,929 | 770,514 | |
McAfee, Inc. (a) | 119,703 | 5,739,759 | |
Mentor Graphics Corp. (a) | 93,643 | 1,488,924 | |
MICROS Systems, Inc. (a) | 58,853 | 2,803,757 | |
Microsoft Corp. | 6,081,894 | 161,656,743 | |
MicroStrategy, Inc. Class A (a)(d) | 9,796 | 1,164,255 | |
Monotype Imaging Holdings, Inc. (a) | 10,025 | 134,135 | |
Motricity, Inc. (a)(d) | 23,114 | 357,805 | |
NetScout Systems, Inc. (a) | 25,696 | 642,143 | |
NetSol Technologies, Inc. (a) | 26,683 | 48,296 | |
NetSuite, Inc. (a)(d) | 20,025 | 600,950 | |
Novell, Inc. (a) | 241,271 | 1,418,673 | |
Nuance Communications, Inc. (a)(d) | 184,119 | 3,435,661 | |
Opnet Technologies, Inc. | 5,444 | 185,532 | |
Oracle Corp. | 3,056,051 | 100,544,078 | |
Parametric Technology Corp. (a) | 82,569 | 1,956,885 | |
Peerless Systems Corp. (a) | 200 | 614 | |
Pegasystems, Inc. (d) | 18,993 | 765,038 | |
Pervasive Software, Inc. (a) | 4,889 | 28,112 | |
Progress Software Corp. (a) | 54,897 | 1,611,776 | |
PROS Holdings, Inc. (a) | 15,000 | 171,750 | |
QAD, Inc. Class B | 5,000 | 44,700 | |
QLIK Technologies, Inc. | 40,653 | 1,063,482 | |
Quest Software, Inc. (a) | 43,467 | 1,164,481 | |
Radiant Systems, Inc. (a)(d) | 26,015 | 446,157 | |
RealD, Inc. | 25,702 | 577,010 | |
RealPage, Inc. | 10,000 | 248,000 | |
Red Hat, Inc. (a) | 148,414 | 6,126,530 | |
Renaissance Learning, Inc. | 5,254 | 56,428 | |
Rosetta Stone, Inc. (a)(d) | 9,673 | 144,708 | |
Rovi Corp. (a)(d) | 86,679 | 4,803,750 | |
S1 Corp. (a) | 50,691 | 331,012 | |
salesforce.com, Inc. (a) | 92,636 | 12,252,964 | |
Smith Micro Software, Inc. (a) | 24,403 | 228,656 | |
SolarWinds, Inc. (a) | 23,042 | 517,293 | |
Solera Holdings, Inc. | 50,629 | 2,586,129 | |
Sonic Foundry, Inc. (a) | 180 | 2,655 | |
Sourcefire, Inc. (a)(d) | 30,942 | 838,528 | |
SRS Labs, Inc. (a) | 3,224 | 29,145 | |
SS&C Technologies Holdings, Inc. (a) | 9,991 | 195,724 | |
SuccessFactors, Inc. (a)(d) | 53,465 | 1,919,928 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Symantec Corp. (a) | 620,012 | $ 11,178,816 | |
Synchronoss Technologies, Inc. (a) | 28,394 | 972,778 | |
Synopsys, Inc. (a) | 108,453 | 3,006,317 | |
Take-Two Interactive Software, Inc. (a)(d) | 72,312 | 1,162,054 | |
Taleo Corp. Class A (a)(d) | 28,918 | 933,762 | |
TeleCommunication Systems, Inc. Class A (a) | 57,438 | 245,260 | |
TeleNav, Inc. | 14,000 | 157,080 | |
THQ, Inc. (a)(d) | 89,366 | 514,748 | |
TIBCO Software, Inc. (a)(d) | 128,300 | 3,158,746 | |
TiVo, Inc. (a)(d) | 81,385 | 836,638 | |
Tyler Technologies, Inc. (a)(d) | 34,991 | 774,001 | |
Ultimate Software Group, Inc. (a)(d) | 18,927 | 1,011,459 | |
Vasco Data Security International, Inc. (a)(d) | 35,184 | 315,600 | |
Verint Systems, Inc. (a)(d) | 10,000 | 343,800 | |
Versant Corp. (a) | 320 | 4,400 | |
VirnetX Holding Corp. (d) | 30,187 | 362,244 | |
VMware, Inc. Class A (a) | 48,745 | 4,077,519 | |
Wave Systems Corp. Class A (a)(d) | 41,571 | 163,790 | |
Websense, Inc. (a)(d) | 36,344 | 778,488 | |
| 452,958,401 | ||
TOTAL INFORMATION TECHNOLOGY | 2,215,555,961 | ||
MATERIALS - 4.2% | |||
Chemicals - 2.3% | |||
A. Schulman, Inc. | 32,981 | 734,157 | |
Air Products & Chemicals, Inc. | 157,894 | 14,526,248 | |
Airgas, Inc. | 53,783 | 3,365,740 | |
Albemarle Corp. | 70,305 | 4,046,756 | |
American Pacific Corp. (a) | 800 | 4,816 | |
American Vanguard Corp. (d) | 27,915 | 229,740 | |
Arch Chemicals, Inc. | 25,671 | 922,872 | |
Ashland, Inc. | 55,000 | 3,096,500 | |
Balchem Corp. (d) | 31,353 | 1,128,708 | |
Cabot Corp. | 45,141 | 1,952,800 | |
Calgon Carbon Corp. (a)(d) | 45,678 | 641,319 | |
Celanese Corp. Class A | 122,095 | 5,060,838 | |
CF Industries Holdings, Inc. | 56,404 | 7,968,757 | |
Chase Corp. (d) | 1,000 | 16,240 | |
Chemtura Corp. (a) | 85,000 | 1,382,950 | |
Converted Organics, Inc. (a)(d) | 99,007 | 37,138 | |
Cytec Industries, Inc. | 39,369 | 2,237,340 | |
Dow Chemical Co. | 913,034 | 33,928,343 | |
E.I. du Pont de Nemours & Co. | 720,285 | 39,522,038 | |
Eastman Chemical Co. | 52,866 | 4,938,213 | |
Ecolab, Inc. | 184,629 | 8,980,355 | |
Ferro Corp. (a) | 64,111 | 1,020,647 | |
Flotek Industries, Inc. (a)(d) | 63,942 | 415,623 | |
| |||
Shares | Value | ||
FMC Corp. | 56,474 | $ 4,373,347 | |
Georgia Gulf Corp. (a) | 27,000 | 861,840 | |
H.B. Fuller Co. | 34,197 | 736,945 | |
Hawkins, Inc. (d) | 6,199 | 237,236 | |
Huntsman Corp. | 155,123 | 2,737,921 | |
Innophos Holdings, Inc. | 19,698 | 843,665 | |
International Flavors & Fragrances, Inc. | 59,656 | 3,397,409 | |
Intrepid Potash, Inc. (a)(d) | 32,738 | 1,263,687 | |
KMG Chemicals, Inc. | 9,482 | 177,977 | |
Koppers Holdings, Inc. | 25,887 | 1,046,094 | |
Kraton Performance Polymers, Inc. (a) | 22,197 | 761,357 | |
Kronos Worldwide, Inc. | 6,588 | 326,106 | |
Landec Corp. (a)(d) | 30,099 | 185,109 | |
LSB Industries, Inc. (a) | 19,648 | 594,941 | |
Lubrizol Corp. | 53,141 | 5,785,461 | |
LyondellBasell Industries NV Class A (a) | 279,000 | 10,624,320 | |
Minerals Technologies, Inc. | 15,572 | 1,010,311 | |
Monsanto Co. | 432,052 | 31,060,218 | |
Nalco Holding Co. | 99,269 | 2,538,308 | |
Nanophase Technologies Corp. (a) | 4,415 | 6,711 | |
NewMarket Corp. | 8,586 | 1,099,952 | |
NL Industries, Inc. | 6,360 | 86,941 | |
Olin Corp. (d) | 52,893 | 984,339 | |
OM Group, Inc. (a) | 27,564 | 969,977 | |
OMNOVA Solutions, Inc. (a)(d) | 37,528 | 264,197 | |
Penford Corp. (a) | 7,525 | 44,774 | |
PolyOne Corp. (a)(d) | 82,298 | 1,142,296 | |
PPG Industries, Inc. | 130,905 | 11,569,384 | |
Praxair, Inc. | 247,925 | 24,638,787 | |
Quaker Chemical Corp. | 16,836 | 652,058 | |
Rockwood Holdings, Inc. (a)(d) | 39,589 | 1,842,868 | |
RPM International, Inc. (d) | 101,064 | 2,321,440 | |
Senomyx, Inc. (a)(d) | 21,458 | 155,571 | |
Sensient Technologies Corp. (d) | 40,668 | 1,357,498 | |
Sherwin-Williams Co. | 69,732 | 5,726,392 | |
Sigma Aldrich Corp. | 82,823 | 5,291,561 | |
Solutia, Inc. (a) | 93,777 | 2,176,564 | |
Spartech Corp. (a)(d) | 22,470 | 190,546 | |
Stepan Co. | 9,873 | 692,986 | |
STR Holdings, Inc. (a)(d) | 31,364 | 568,002 | |
The Mosaic Co. | 119,037 | 10,219,326 | |
The Scotts Miracle-Gro Co. Class A | 33,840 | 1,900,793 | |
TPC Group, Inc. (a) | 13,000 | 377,650 | |
Valspar Corp. | 67,628 | 2,571,217 | |
W.R. Grace & Co. (a) | 46,875 | 1,783,125 | |
Westlake Chemical Corp. | 13,092 | 625,929 | |
Zagg, Inc. (a)(d) | 24,740 | 223,402 | |
Zep, Inc. | 19,224 | 301,625 | |
Zoltek Companies, Inc. (a)(d) | 46,821 | 684,523 | |
| 285,190,824 | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. (d) | 40,054 | 1,294,545 | |
Headwaters, Inc. (a) | 58,586 | 297,031 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Construction Materials - continued | |||
Martin Marietta Materials, Inc. | 34,324 | $ 3,050,031 | |
Texas Industries, Inc. | 14,848 | 605,501 | |
U.S. Concrete, Inc. (a) | 9,648 | 96,480 | |
Vulcan Materials Co. | 88,757 | 4,069,508 | |
| 9,413,096 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 4,716 | 132,425 | |
Aptargroup, Inc. | 46,833 | 2,255,946 | |
Ball Corp. | 143,064 | 5,164,610 | |
Bemis Co., Inc. | 81,584 | 2,680,034 | |
Boise, Inc. (d) | 87,338 | 784,295 | |
Crown Holdings, Inc. (a) | 126,722 | 4,876,263 | |
Graham Packaging Co., Inc. | 15,632 | 265,588 | |
Graphic Packaging Holding Co. (a) | 34,729 | 180,591 | |
Greif, Inc. Class A | 25,916 | 1,675,729 | |
MOD-PAC Corp. (sub. vtg.) (a) | 1,150 | 6,463 | |
Myers Industries, Inc. | 14,920 | 150,990 | |
Owens-Illinois, Inc. (a) | 128,122 | 3,906,440 | |
Packaging Corp. of America | 79,314 | 2,283,450 | |
Rock-Tenn Co. Class A (d) | 29,372 | 2,016,388 | |
Sealed Air Corp. | 118,874 | 3,271,412 | |
Silgan Holdings, Inc. | 41,096 | 1,499,182 | |
Smurfit-Stone Container Enterprises, Inc. (a) | 70,419 | 2,706,906 | |
Sonoco Products Co. | 80,815 | 2,915,805 | |
Temple-Inland, Inc. | 84,782 | 1,983,051 | |
| 38,755,568 | ||
Metals & Mining - 1.3% | |||
A.M. Castle & Co. (a)(d) | 9,744 | 167,987 | |
AK Steel Holding Corp. (d) | 94,049 | 1,502,903 | |
Alcoa, Inc. | 808,553 | 13,624,118 | |
Allegheny Technologies, Inc. (d) | 71,826 | 4,818,088 | |
Allied Nevada Gold Corp. (a)(d) | 60,426 | 1,833,325 | |
Amcol International Corp. | 19,393 | 605,256 | |
Brush Engineered Materials, Inc. (a) | 25,983 | 1,137,276 | |
Capital Gold Corp. (a)(d) | 61,252 | 333,211 | |
Carpenter Technology Corp. (d) | 32,056 | 1,332,888 | |
Century Aluminum Co. (a)(d) | 58,158 | 985,778 | |
Cliffs Natural Resources, Inc. | 107,074 | 10,393,673 | |
Coeur d'Alene Mines Corp. (a)(d) | 72,713 | 2,291,187 | |
Commercial Metals Co. | 84,856 | 1,414,550 | |
Compass Minerals International, Inc. | 24,846 | 2,322,356 | |
Freeport-McMoRan Copper & Gold, Inc. | 750,582 | 39,743,317 | |
General Moly, Inc. (a)(d) | 57,561 | 301,620 | |
Globe Specialty Metals, Inc. | 40,000 | 931,600 | |
Golden Minerals Co. (a) | 10,000 | 210,500 | |
Haynes International, Inc. | 10,049 | 520,940 | |
Hecla Mining Co. (a)(d) | 216,345 | 2,195,902 | |
Horsehead Holding Corp. (a) | 45,973 | 760,393 | |
Kaiser Aluminum Corp. (d) | 15,063 | 761,133 | |
| |||
Shares | Value | ||
Metals USA Holdings Corp. (a) | 12,084 | $ 180,656 | |
Molycorp, Inc. (d) | 43,557 | 2,090,300 | |
Newmont Mining Corp. | 383,625 | 21,202,954 | |
Noranda Aluminium Holding Corp. (a) | 16,623 | 262,145 | |
Nucor Corp. (d) | 224,585 | 10,771,097 | |
Olympic Steel, Inc. (d) | 11,152 | 299,877 | |
Reliance Steel & Aluminum Co. | 57,400 | 3,175,942 | |
Royal Gold, Inc. (d) | 40,029 | 1,986,239 | |
RTI International Metals, Inc. (a)(d) | 29,113 | 829,721 | |
Schnitzer Steel Industries, Inc. Class A | 16,880 | 1,083,696 | |
Southern Copper Corp. | 168,831 | 7,144,928 | |
Steel Dynamics, Inc. | 167,916 | 3,099,729 | |
Stillwater Mining Co. (a)(d) | 36,480 | 870,778 | |
Synalloy Corp. | 700 | 9,975 | |
Titanium Metals Corp. (a) | 75,186 | 1,427,782 | |
United States Steel Corp. (d) | 113,041 | 6,498,727 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 4,322 | 149,325 | |
US Energy Corp. (a)(d) | 15,796 | 100,936 | |
US Gold Corp. (a) | 79,468 | 576,938 | |
Walter Energy, Inc. | 41,789 | 5,056,887 | |
Worthington Industries, Inc. (d) | 49,734 | 962,850 | |
| 155,969,483 | ||
Paper & Forest Products - 0.2% | |||
AbitibiBowater, Inc. (a) | 55,067 | 1,541,325 | |
Buckeye Technologies, Inc. | 31,041 | 813,274 | |
Clearwater Paper Corp. (a) | 10,067 | 798,313 | |
Deltic Timber Corp. | 15,743 | 956,702 | |
Domtar Corp. | 34,709 | 3,033,567 | |
Glatfelter | 43,011 | 529,465 | |
International Paper Co. | 319,959 | 8,888,461 | |
Kapstone Paper & Packaging Corp. (a) | 32,006 | 548,903 | |
Louisiana-Pacific Corp. (a)(d) | 89,991 | 928,707 | |
MeadWestvaco Corp. | 132,667 | 3,893,776 | |
Neenah Paper, Inc. | 15,999 | 311,501 | |
Schweitzer-Mauduit International, Inc. | 14,486 | 794,267 | |
Wausau-Mosinee Paper Corp. | 43,208 | 346,960 | |
| 23,385,221 | ||
TOTAL MATERIALS | 512,714,192 | ||
TELECOMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 2.2% | |||
8x8, Inc. (a) | 41,665 | 113,329 | |
AboveNet, Inc. (d) | 17,333 | 1,124,738 | |
Alaska Communication Systems Group, Inc. (d) | 65,347 | 665,886 | |
Allegiance Telecom, Inc. (a) | 7,100 | 0 | |
AT&T, Inc. | 4,751,290 | 134,841,610 | |
Atlantic Tele-Network, Inc. (d) | 11,209 | 437,039 | |
Cbeyond, Inc. (a)(d) | 40,071 | 560,193 | |
CenturyLink, Inc. | 232,161 | 9,560,390 | |
Cincinnati Bell, Inc. New (a)(d) | 170,046 | 448,921 | |
Cogent Communications Group, Inc. (a) | 37,872 | 558,233 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Diversified Telecommunication Services - continued | |||
Consolidated Communications Holdings, Inc. | 37,464 | $ 685,217 | |
FairPoint Communications, Inc. (a)(d) | 17,424 | 400,752 | |
Frontier Communications Corp. | 758,088 | 6,436,167 | |
General Communications, Inc. Class A (a) | 32,745 | 395,887 | |
Global Crossing Ltd. (a)(d) | 20,490 | 322,718 | |
Globalstar, Inc. (a)(d) | 72,755 | 96,037 | |
HickoryTech Corp. | 540 | 5,513 | |
Hughes Communications, Inc. (a) | 5,827 | 349,037 | |
IDT Corp. Class B | 13,297 | 346,121 | |
Iridium Communications, Inc. (a) | 41,679 | 391,783 | |
Level 3 Communications, Inc. (a)(d) | 1,497,990 | 2,097,186 | |
Neutral Tandem, Inc. (a)(d) | 32,771 | 563,661 | |
PAETEC Holding Corp. (a)(d) | 79,173 | 300,857 | |
Premiere Global Services, Inc. (a) | 40,771 | 273,573 | |
Qwest Communications International, Inc. | 1,093,792 | 7,459,661 | |
SureWest Communications (a) | 9,983 | 129,979 | |
tw telecom, inc. (a)(d) | 121,944 | 2,268,158 | |
Verizon Communications, Inc. | 2,258,669 | 83,390,059 | |
Vonage Holdings Corp. (a) | 126,259 | 558,065 | |
Windstream Corp. | 370,419 | 4,645,054 | |
| 259,425,824 | ||
Wireless Telecommunication Services - 0.4% | |||
American Tower Corp. Class A (a) | 320,152 | 17,275,402 | |
Clearwire Corp. Class A (a)(d) | 93,666 | 471,140 | |
Crown Castle International Corp. (a) | 196,093 | 8,265,320 | |
FiberTower Corp. (a) | 2,746 | 9,117 | |
Leap Wireless International, Inc. (a)(d) | 57,819 | 706,548 | |
MetroPCS Communications, Inc. (a)(d) | 187,364 | 2,698,042 | |
NII Holdings, Inc. (a) | 129,766 | 5,315,215 | |
NTELOS Holdings Corp. (d) | 25,472 | 494,666 | |
SBA Communications Corp. Class A (a)(d) | 90,933 | 3,827,370 | |
Shenandoah Telecommunications Co. | 20,147 | 352,573 | |
Sprint Nextel Corp. (a) | 2,376,256 | 10,384,239 | |
Telephone & Data Systems, Inc. (d) | 72,069 | 2,425,122 | |
U.S. Cellular Corp. (a) | 9,354 | 467,513 | |
USA Mobility, Inc. | 30,927 | 461,431 | |
| 53,153,698 | ||
TOTAL TELECOMMUNICATION SERVICES | 312,579,522 | ||
UTILITIES - 3.2% | |||
Electric Utilities - 1.5% | |||
Allete, Inc. | 38,638 | 1,460,516 | |
American Electric Power Co., Inc. | 379,847 | 13,590,926 | |
Central Vermont Public Service Corp. | 16,999 | 361,399 | |
Cleco Corp. | 63,378 | 2,050,278 | |
| |||
Shares | Value | ||
DPL, Inc. (d) | 86,061 | $ 2,239,307 | |
Duke Energy Corp. | 1,053,567 | 18,953,670 | |
Edison International | 235,741 | 8,750,706 | |
El Paso Electric Co. (a) | 51,987 | 1,460,835 | |
Empire District Electric Co. | 60,546 | 1,309,610 | |
Entergy Corp. | 148,399 | 10,566,009 | |
Exelon Corp. | 530,357 | 22,147,708 | |
FirstEnergy Corp. (d) | 333,644 | 12,778,565 | |
Great Plains Energy, Inc. | 105,440 | 2,024,448 | |
Hawaiian Electric Industries, Inc. | 68,932 | 1,664,708 | |
IDACORP, Inc. | 36,791 | 1,388,492 | |
ITC Holdings Corp. | 40,146 | 2,752,008 | |
MGE Energy, Inc. | 24,173 | 990,368 | |
NextEra Energy, Inc. | 330,354 | 18,324,736 | |
Northeast Utilities | 127,143 | 4,327,948 | |
NV Energy, Inc. | 186,549 | 2,740,405 | |
Otter Tail Corp. | 37,712 | 849,274 | |
Pepco Holdings, Inc. | 159,369 | 2,984,981 | |
Pinnacle West Capital Corp. | 77,139 | 3,257,580 | |
PNM Resources, Inc. (d) | 78,072 | 1,039,138 | |
Portland General Electric Co. | 76,725 | 1,796,900 | |
PPL Corp. | 379,346 | 9,646,769 | |
Progress Energy, Inc. | 230,561 | 10,538,943 | |
Southern Co. | 657,244 | 25,047,569 | |
UIL Holdings Corp. | 36,832 | 1,132,216 | |
Unisource Energy Corp. (d) | 32,881 | 1,198,841 | |
Unitil Corp. (d) | 18,295 | 417,309 | |
Westar Energy, Inc. (d) | 72,937 | 1,896,362 | |
| 189,688,524 | ||
Gas Utilities - 0.3% | |||
AGL Resources, Inc. (d) | 56,627 | 2,152,392 | |
Atmos Energy Corp. | 68,000 | 2,299,760 | |
Chesapeake Utilities Corp. | 12,055 | 492,326 | |
Delta Natural Gas Co., Inc. | 1,791 | 55,449 | |
Energen Corp. | 53,801 | 3,287,241 | |
Laclede Group, Inc. | 27,414 | 1,066,130 | |
National Fuel Gas Co. (d) | 52,855 | 3,853,130 | |
New Jersey Resources Corp. | 33,701 | 1,409,713 | |
Nicor, Inc. (d) | 34,000 | 1,793,160 | |
Northwest Natural Gas Co. (d) | 25,651 | 1,205,597 | |
ONEOK, Inc. | 77,981 | 5,035,233 | |
Piedmont Natural Gas Co., Inc. (d) | 51,464 | 1,507,895 | |
Questar Corp. | 128,553 | 2,297,242 | |
South Jersey Industries, Inc. | 29,737 | 1,631,372 | |
Southwest Gas Corp. (d) | 45,224 | 1,757,857 | |
UGI Corp. | 84,382 | 2,690,942 | |
WGL Holdings, Inc. (d) | 38,000 | 1,444,000 | |
| 33,979,439 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
AES Corp. (a) | 629,085 | 7,781,781 | |
Black Hills Corp. (d) | 45,161 | 1,391,862 | |
Calpine Corp. (a)(d) | 276,948 | 4,190,223 | |
Constellation Energy Group, Inc. | 138,275 | 4,296,204 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Independent Power Producers & Energy Traders - continued | |||
Dynegy, Inc. (a) | 136,148 | $ 788,297 | |
GenOn Energy, Inc. (a) | 603,451 | 2,443,977 | |
NRG Energy, Inc. (a) | 199,018 | 3,978,370 | |
Ormat Technologies, Inc. | 19,662 | 492,533 | |
| 25,363,247 | ||
Multi-Utilities - 1.1% | |||
Alliant Energy Corp. | 80,209 | 3,158,630 | |
Ameren Corp. | 178,558 | 4,992,482 | |
Avista Corp. | 53,061 | 1,184,322 | |
CenterPoint Energy, Inc. | 293,791 | 4,659,525 | |
CH Energy Group, Inc. | 20,599 | 1,010,587 | |
CMS Energy Corp. | 168,461 | 3,244,559 | |
Consolidated Edison, Inc. | 245,999 | 12,295,030 | |
Dominion Resources, Inc. | 473,419 | 21,602,109 | |
DTE Energy Co. | 128,741 | 6,061,126 | |
Integrys Energy Group, Inc. | 59,574 | 2,917,339 | |
MDU Resources Group, Inc. | 159,579 | 3,426,161 | |
NiSource, Inc. | 201,357 | 3,858,000 | |
NorthWestern Energy Corp. | 49,240 | 1,462,920 | |
NSTAR | 78,821 | 3,558,768 | |
OGE Energy Corp. | 75,931 | 3,652,281 | |
PG&E Corp. | 310,582 | 14,305,407 | |
Public Service Enterprise Group, Inc. | 403,515 | 13,194,941 | |
SCANA Corp. | 83,339 | 3,373,563 | |
Sempra Energy | 176,024 | 9,369,758 | |
TECO Energy, Inc. | 144,323 | 2,613,690 | |
Vectren Corp. (d) | 58,914 | 1,550,616 | |
Wisconsin Energy Corp. | 88,929 | 5,264,597 | |
Xcel Energy, Inc. | 355,426 | 8,508,898 | |
| 135,265,309 | ||
Water Utilities - 0.1% | |||
American States Water Co. | 28,136 | 943,681 | |
American Water Works Co., Inc. | 134,883 | 3,741,654 | |
Aqua America, Inc. (d) | 98,092 | 2,209,032 | |
Artesian Resources Corp. Class A | 3,752 | 73,314 | |
California Water Service Group | 26,251 | 926,135 | |
Middlesex Water Co. | 4,792 | 89,946 | |
SJW Corp. | 12,703 | 315,288 | |
| 8,299,050 | ||
TOTAL UTILITIES | 392,595,569 | ||
TOTAL COMMON STOCKS (Cost $10,066,410,907) | 11,956,885,797 | ||
Nonconvertible Bonds - 0.0% | ||||
| Principal Amount | Value | ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $22,642) | $ 22,600 | $ 14,522 | ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.14% to 0.2% 5/26/11 to 7/28/11 (e) | 14,000,000 | 13,992,200 | ||
Money Market Funds - 9.2% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.19% (b) | 151,026,339 | 151,026,339 | |
Fidelity Securities Lending Cash Central Fund, 0.21% (b)(c) | 955,066,302 | 955,066,302 | |
TOTAL MONEY MARKET FUNDS (Cost $1,106,092,641) | 1,106,092,641 | ||
TOTAL INVESTMENT (Cost $11,186,515,550) | 13,076,985,160 | |
NET OTHER ASSETS (LIABILITIES) - (8.0)% | (963,276,292) | ||
NET ASSETS - 100% | $ 12,113,708,868 | ||
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/ | |||
Purchased | |||||
Equity Index Contracts | |||||
677 CME E-mini S&P 500 Index Contracts | March 2011 | $ 44,888,485 | $ 2,811,550 | ||
97 CME E-mini S&P Midcap 400 Index Contracts | March 2011 | 9,369,230 | 607,196 | ||
253 CME S&P 500 Index Contracts | March 2011 | 83,875,825 | 4,385,243 | ||
229 NYFE Russell Mini Index Contracts | March 2011 | 18,844,410 | 1,093,506 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 156,977,950 | $ 8,897,495 | |||
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 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 $13,992,200. |
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 | $ 206,183 |
Fidelity Securities Lending Cash Central Fund | 4,231,772 |
Total | $ 4,437,955 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2011, 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 Security 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 | $ 1,351,262,064 | $ 1,351,165,938 | $ - | $ 96,126 |
Consumer Staples | 1,038,609,902 | 1,038,609,902 | - | - |
Energy | 1,447,476,820 | 1,447,476,819 | - | 1 |
Financials | 2,010,230,422 | 2,010,230,422 | - | - |
Health Care | 1,318,048,029 | 1,318,048,029 | - | - |
Industrials | 1,357,813,316 | 1,357,813,316 | - | - |
Information Technology | 2,215,555,961 | 2,215,555,961 | - | - |
Materials | 512,714,192 | 512,714,192 | - | - |
Telecommunication Services | 312,579,522 | 312,579,522 | - | - |
Utilities | 392,595,569 | 392,595,569 | - | - |
Corporate Bonds | 14,522 | - | 14,522 | - |
U.S. Government and Government Agency Obligations | 13,992,200 | - | 13,992,200 | - |
Money Market Funds | 1,106,092,641 | 1,106,092,641 | - | - |
Total Investments in Securities: | $ 13,076,985,160 | $ 13,062,882,311 | $ 14,006,722 | $ 96,127 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 8,897,495 | $ 8,897,495 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 384 |
Total Realized Gain (Loss) | 646,392 |
Total Unrealized Gain (Loss) | (384,465) |
Cost of Purchases | 65,645 |
Proceeds of Sales | (2,207,258) |
Amortization/Accretion | - |
Transfers in to Level 3 | 1,975,429 |
Transfers out of Level 3 | - |
Ending Balance | $ 96,127 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 28, 2011 | $ (576,402) |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by risk exposure as of February 28, 2011. 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) | $ 8,897,495 | $ - |
Total Value of Derivatives | $ 8,897,495 | $ - |
(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. |
Income Tax Information |
At February 28, 2011, the Fund had a capital loss carryforward of approximately $407,168,397 of which $160,154,968, $46,727,186 and $200,286,243 will expire in fiscal 2017, 2018 and 2019, respectively. Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. |
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, 2011 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $931,600,684) - See accompanying schedule: Unaffiliated issuers (cost $10,080,422,909) | $ 11,970,892,519 |
|
Fidelity Central Funds (cost $1,106,092,641) | 1,106,092,641 |
|
Total Investments (cost $11,186,515,550) |
| $ 13,076,985,160 |
Cash | 1 | |
Receivable for investments sold | 5,370,914 | |
Receivable for fund shares sold | 15,049,024 | |
Dividends receivable | 20,913,987 | |
Distributions receivable from Fidelity Central Funds | 328,042 | |
Receivable for daily variation on futures contracts | 933,055 | |
Other receivables | 119,582 | |
Total assets | 13,119,699,765 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 4,423,136 | |
Payable for fund shares redeemed | 45,582,641 | |
Accrued management fee | 692,165 | |
Other affiliated payables | 132,747 | |
Other payables and accrued expenses | 93,906 | |
Collateral on securities loaned, at value | 955,066,302 | |
Total liabilities | 1,005,990,897 | |
|
|
|
Net Assets | $ 12,113,708,868 | |
Net Assets consist of: |
| |
Paid in capital | $ 10,673,516,918 | |
Undistributed net investment income | 30,424,214 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (489,599,688) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,899,367,424 | |
Net Assets | $ 12,113,708,868 | |
Investor Class: | $ 38.56 | |
|
|
|
Fidelity Advantage Class: | $ 38.56 | |
|
|
|
Class F: | $ 38.56 | |
Statement of Operations
| Year ended February 28, 2011 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 187,023,414 |
Interest |
| 53,240 |
Income from Fidelity Central Funds |
| 4,437,955 |
Total income |
| 191,514,609 |
|
|
|
Expenses | ||
Management fee | $ 7,054,318 | |
Transfer agent fees | 1,681,912 | |
Independent trustees' compensation | 54,607 | |
Interest | 462 | |
Miscellaneous | 36,750 | |
Total expenses before reductions | 8,828,049 | |
Expense reductions | (361) | 8,827,688 |
Net investment income (loss) | 182,686,921 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | (157,594,888) | |
Foreign currency transactions | (452) | |
Futures contracts | 16,619,897 | |
Total net realized gain (loss) |
| (140,975,443) |
Change in net unrealized appreciation (depreciation) on: Investment securities | 2,237,768,443 | |
Assets and liabilities in foreign currencies | 274 | |
Futures contracts | 6,019,314 | |
Total change in net unrealized appreciation (depreciation) |
| 2,243,788,031 |
Net gain (loss) | 2,102,812,588 | |
Net increase (decrease) in net assets resulting from operations | $ 2,285,499,509 | |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements - continued
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 182,686,921 | $ 161,979,311 |
Net realized gain (loss) | (140,975,443) | (73,319,291) |
Change in net unrealized appreciation (depreciation) | 2,243,788,031 | 3,159,071,575 |
Net increase (decrease) in net assets resulting from operations | 2,285,499,509 | 3,247,731,595 |
Distributions to shareholders from net investment income | (179,834,546) | (160,882,530) |
Distributions to shareholders from net realized gain | (5,804,652) | (4,251,093) |
Total distributions | (185,639,198) | (165,133,623) |
Share transactions - net increase (decrease) | 833,400,574 | 472,190,129 |
Redemption fees | 259,786 | 317,985 |
Total increase (decrease) in net assets | 2,933,520,671 | 3,555,106,086 |
|
|
|
Net Assets | ||
Beginning of period | 9,180,188,197 | 5,625,082,111 |
End of period (including undistributed net investment income of $30,424,214 and undistributed net investment income of $28,277,274, respectively) | $ 12,113,708,868 | $ 9,180,188,197 |
Financial Highlights - Investor Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 | $ 35.89 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .61 | .56 | .70 | .76 | .68 |
Net realized and unrealized gain (loss) | 7.03 | 10.96 | (16.70) | (2.30) | 3.63 |
Total from investment operations | 7.64 | 11.52 | (16.00) | (1.54) | 4.31 |
Distributions from net investment income | (.60) | (.57) | (.64) | (.65) | (.52) |
Distributions from net realized gain | (.02) | (.02) | (.01) | (.24) | - |
Total distributions | (.62) | (.58) I | (.65) H | (.89) | (.52) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 |
Total Return A | 24.39% | 56.10% | (43.32)% | (4.10)% | 12.05% |
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) | 1.80% | 2.00% | 2.23% | 1.84% | 1.80% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 | $ 4,479,327 | $ 3,942,368 |
Portfolio turnover rate D | 4% | 7% | 3% | 4% | 4% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 F | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 | $ 35.89 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .62 | .57 | .72 | .77 | .69 |
Net realized and unrealized gain (loss) | 7.03 | 10.95 | (16.71) | (2.30) | 3.63 |
Total from investment operations | 7.65 | 11.52 | (15.99) | (1.53) | 4.32 |
Distributions from net investment income | (.61) | (.57) | (.65) | (.66) | (.53) |
Distributions from net realized gain | (.02) | (.02) | (.01) | (.24) | - |
Total distributions | (.63) | (.59) I | (.65) H | (.90) | (.53) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 |
Total Return A | 24.43% | 56.07% | (43.28)% | (4.07)% | 12.08% |
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) | 1.83% | 2.03% | 2.26% | 1.87% | 1.83% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 | $ 3,565,194 | $ 2,688,207 |
Portfolio turnover rate D | 4% | 7% | 3% | 4% | 4% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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.
Financial Highlights - Class F
Years ended February 28, | 2011 | 2010 G |
Selected Per-Share Data |
|
|
Net asset value, beginning of period | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
Net investment income (loss) D | .63 | .26 |
Net realized and unrealized gain (loss) | 7.02 | 1.67 |
Total from investment operations | 7.65 | 1.93 |
Distributions from net investment income | (.61) | (.47) |
Distributions from net realized gain | (.02) | (.02) |
Total distributions | (.63) | (.49) J |
Redemption fees added to paid in capital D, I | - | - |
Net asset value, end of period | $ 38.56 | $ 31.54 |
Total Return B, C | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
Expenses before reductions | .07% | .07% A |
Expenses net of fee waivers, if any | .07% | .07% A |
Expenses net of all reductions | .07% | .07% A |
Net investment income (loss) | 1.83% | 1.98% A |
Supplemental Data |
|
|
Net assets, end of period (000 omitted) | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 4% | 7% |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower had certain expenses not been reduced during the periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of the 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 Amount represents less than $.01 per share.
J 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.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 28, 2011
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 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. Each class has exclusive voting rights with respect to matters that affect that class. 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) web site 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 web site 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:
Security Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security 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 value used for net asset value (NAV) calculation under these procedures may differ from published prices for the same securities.
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)
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, 2011, as well as a roll forward of Level 3 securities, is included at the end of the Fund's Schedule of Investments. 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 an independent pricing service 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 in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy.
Annual Report
3. Significant Accounting Policies - continued
Security Valuation - continued
Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds and U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally 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 each business day and are categorized as Level 1 in the hierarchy.
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Foreign Currency. The Fund uses 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 rate 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, including distributing substantially all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code and filing its U.S. federal tax return. As a result, no provision for income taxes is required. As of February 28, 2011, the Fund did not have any unrecognized tax benefits in the accompanying financial statements. A fund's federal tax return is subject to examination by the Internal Revenue Service (IRS) for a period of three years. 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.
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 transactions, foreign currency transactions, market discount, partnerships, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 3,203,297,087 |
Gross unrealized depreciation | (1,353,878,902) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 1,849,418,185 |
Tax Cost | $ 11,227,566,975 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 30,518,120 |
Capital loss carryforward | $ (407,168,397) |
Net unrealized appreciation (depreciation) | $ 1,858,315,999 |
The tax character of distributions paid was as follows:
| February 28, 2011 | February 28, 2010 |
Ordinary Income | $ 185,639,198 | $ 165,133,623 |
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.
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund used derivative instruments (derivatives), including futures contracts, in order to meet its investment objectives. The strategy is to use 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 sell 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. The Fund's maximum risk of loss from counterparty credit risk is generally the aggregate unrealized appreciation and unpaid counterparty fees in excess of any collateral pledged by the counterparty to the Fund. Counterparty risk related to exchange-traded futures contracts is minimal because of the protection provided by the exchange on which they trade. Derivatives involve, to varying degrees, risk of loss in excess of the amounts recognized in the Statement of Assets and Liabilities.
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). Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
The underlying face amount at value of open futures contracts at period end is shown in the Schedule of Investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument 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. The receivable and/or payable for the variation margin are reflected in the Statement of Assets and Liabilities.
Certain risks arise upon entering into futures contracts, including the risk that an illiquid market limits the ability to close out a futures contract prior to settlement date.
Annual Report
4. Derivative Instruments - continued
Futures Contracts - continued
During the period the Fund recognized net realized gain (loss) of $16,619,897 and a change in net unrealized appreciation (depreciation) of $6,019,314 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 $1,219,852,140 and $363,114,986, 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 .07% of 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. In addition, under the expense contract, FMR pays class-level expenses of Investor Class, Fidelity Advantage Class and Class F so that total expenses do not exceed .10%, .07% and .07% of the class's average net assets, respectively, with certain exceptions.
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 of the Fund. FIIOC receives asset-based fees of .06% and .03% of average net assets for Investor Class and Fidelity Advantage Class, respectively. Under the expense contract, the Investor Class pays transfer agent fees at an annual rate of .03% and Fidelity Advantage Class pays no transfer agent fees. 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. For the period, transfer agent fees for each class were as follows:
| Amount | % of |
Investor Class | $ 1,681,912 | .03 |
Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:
Borrower or Lender | Average Daily | Weighted Average Interest Rate | Interest |
Borrower | $ 12,095,333 | .46% | $ 462 |
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $3.75 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 $36,750 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. 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 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 $4,231,772.
Annual Report
Notes to Financial Statements - continued
9. Expense Reductions.
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 fees by $361.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
Years ended February 28, | 2011 | 2010A |
From net investment income |
|
|
Investor Class | $ 97,586,465 | $ 95,590,562 |
Fidelity Advantage Class | 75,486,167 | 65,274,148 |
Class F | 6,761,914 | 17,820 |
Total | $ 179,834,546 | $ 160,882,530 |
From net realized gain |
|
|
Investor Class | $ 3,374,672 | $ 2,532,505 |
Fidelity Advantage Class | 2,380,648 | 1,718,022 |
Class F | 49,332 | 566 |
Total | $ 5,804,652 | $ 4,251,093 |
A Distributions for Class F are for the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | 2011 | 2010A | 2011 | 2010A |
Investor Class |
|
|
|
|
Shares sold | 45,341,120 | 58,631,729 | $ 1,545,271,706 | $ 1,595,485,040 |
Reinvestment of distributions | 2,771,120 | 3,222,933 | 98,744,181 | 95,874,263 |
Shares redeemed | (54,866,527) | (54,964,099) | (1,881,537,887) | (1,544,649,200) |
Net increase (decrease) | (6,754,287) | 6,890,563 | $ (237,522,000) | $ 146,710,103 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 35,056,659 | 31,438,080 | $ 1,218,401,959 | $ 867,809,887 |
Reinvestment of distributions | 1,879,344 | 1,945,746 | 67,004,512 | 57,952,352 |
Shares redeemed | (24,186,728) | (24,452,925) | (811,279,711) | (671,959,716) |
Net increase (decrease) | 12,749,275 | 8,930,901 | $ 474,126,760 | $ 253,802,523 |
Class F |
|
|
|
|
Shares sold | 19,381,678 | 2,344,595 | $ 675,778,550 | $ 75,535,202 |
Reinvestment of distributions | 189,593 | 590 | 6,811,246 | 18,386 |
Shares redeemed | (2,465,258) | (123,490) | (85,793,982) | (3,876,085) |
Net increase (decrease) | 17,106,013 | 2,221,695 | $ 596,795,814 | $ 71,677,503 |
A Share transactions for Class F are for the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
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, 2011, 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 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, 2011 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 19, 2011
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 219 funds advised by FMR or an affiliate. Mr. Curvey oversees 409 funds advised by FMR or an affiliate.
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 (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 Acting 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. 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. The responsibilities of each 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 1-800-835-5092.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (75) | |
| Year of Election or Appointment: 2007 |
Ronald P. O'Hanley (54) | |
| Year of Election or Appointment: 2011 |
* 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, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (62) | |
| 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 (57) | |
| 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, Inc. (restaurant and entertainment complexes, 2010-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), The Western Union Company (global money transfer, 2006-present) and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is Chairman (2008-present) and a member (2006-present) of the Board of Trustees of The National Parks Conservation Association. |
Ned C. Lautenbach (67) | |
| 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 also a member of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (1999-present); a member of the Board of Trustees of Fairfield University (2005-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 (66) | |
| 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) and of Arcadia Resources Inc. (health care services and products, 2007-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007). |
Cornelia M. Small (66) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors of the Teagle Foundation (2009-present). Ms. Small is also a member of the Investment Committee, and Chair (2008-present) and a member of the Board of Trustees of Smith College. In addition, Ms. Small serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson of the Investment Committee (2002-2008) 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 (71) | |
| 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 Chairman of Univar (global distributor of commodity and specialty chemicals, 2010-present), a Director of Teradata Corporation (data warehousing and technology solutions, 2008-present), Chemical Financial Corporation, Maersk Inc. (industrial conglomerate), Tyco International, Inc. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital (private equity investment, 2005-present). Mr. Stavropoulos is a special 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. |
David M. Thomas (61) | |
| 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). In addition, Mr. Thomas serves as a member of the Board of Directors of Fortune Brands, Inc. (consumer products), and Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (60) | |
| 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 each executive officer, Edward C. Johnson 3d, and Peter S. Lynch may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupation | |
Edward C. Johnson 3d (80) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Formerly Trustee and Chairman of the Board of Trustees of certain Trusts, Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC; Chairman and a Director of FMR; and Chairman and a Director of FMR Co., Inc. In addition, Mr. Johnson serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as President of FMR LLC (2006-2007). |
Peter S. Lynch (67) | |
| 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). |
Kenneth B. Robins (41) | |
| 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 (45) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investments Officer of FMR. 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. |
Scott C. Goebel (43) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as 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); Deputy General Counsel of FMR LLC; Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), Fidelity Investments Money Management, Inc. (2008-present), Fidelity Management & Research (U.K.) Inc. (2008-present), and Fidelity Research and Analysis Company (2008-present). Previously, Mr. Goebel served as Assistant Secretary of the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (42) | |
| 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). |
Holly C. Laurent (56) | |
| Year of Election or Appointment: 2008 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Laurent also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Ms. Laurent was Senior Vice President and Head of Legal for Fidelity Business Services India Pvt. Ltd. (2006-2008), and Senior Vice President, Deputy General Counsel and Group Head for FMR LLC (2005-2006). |
Christine Reynolds (52) | |
| 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). |
Kenneth A. Rathgeber (63) | |
| Year of Election or Appointment: 2004 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Rathgeber is Chief Compliance Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present), Fidelity Management & Research (Japan) Inc. (2008-present), FMR (2005-present), FMR Co., Inc. (2005-present), Fidelity Management & Research (U.K.) Inc. (2005-present), Fidelity Research & Analysis Company (2005-present), Fidelity Investments Money Management, Inc. (2005-present), Pyramis Global Advisors, LLC (2005-present), and Strategic Advisers, Inc. (2005-present). |
Jeffrey S. Christian (49) | |
| Year of Election or Appointment: 2009 Deputy Treasurer of the Fidelity funds. Mr. Christian is an employee of Fidelity Investments. Previously, Mr. Christian served as Chief Financial Officer (2008-2009) of certain Fidelity funds and Senior Vice President of Fidelity Pricing and Cash Management Services (FPCMS) (2004-2009). |
Bryan A. Mehrmann (49) | |
| Year of Election or Appointment: 2005 Deputy Treasurer of the Fidelity funds. Mr. Mehrmann is an employee of Fidelity Investments. |
Adrien E. Deberghes (43) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Assistant Treasurer of other Fidelity funds (2010-present) 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). |
Stephanie J. Dorsey (41) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as Deputy Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (52) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (52) | |
| 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 (42) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. 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 78% and 92% 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 81% and 96% of the dividends distributed during the fiscal year as amounts which may be taken into account as a 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 2012 of amounts for use in preparing 2011 income tax returns.
Annual Report
Managing Your Investments
Fidelity offers several ways to conveniently manage your workplace benefits (including your workplace savings plan, investments, and additional services) via your telephone or PC. You can access your plan and account information and research your investments 24 hours a day.
By Phone
Fidelity provides a single toll-free number to access plan information, account balances, positions, and quotes*. It's easy to navigate the service, and on your first call, the system will help you create a personal identification number (PIN) for security.
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Fidelity Workplace Investing
1-800-835-5092
By PC
Fidelity's web site on the Internet provides a wide range of information, including plan information, daily financial news, fund performance, interactive planning tools, and news about Fidelity products and services.
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Fidelity's Web Site
www.401k.com
* When you call the quotes line, please remember that a fund's yield and return will vary and, except for money market funds, share price will also vary. This means that you may have a gain or loss when you sell your shares. There is no assurance that money market funds will be able to maintain a stable $1 share price; an investment in a money market fund is not insured or guaranteed by the U.S. government. Total returns are historical and include changes in share price, reinvestment of dividends and capital gains distributions, and the effects of any sales charges.
Annual Report
To Write Fidelity
We'll give your correspondence immediate attention and send you written confirmation upon completion of your request.
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For Non-Retirement
Accounts
Buying shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
Selling shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
General Correspondence
Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500
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For Retirement
Accounts
Buying shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
Selling shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
General Correspondence
Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500
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
Boston, MA
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
STI-F-ANN-0411
1.899048.101
Spartan®
500 Index
Fund -
Investor Class
Fidelity Advantage® Class
Annual Report
February 28, 2011
(2_fidelity_logos) (Registered_Trademark)
Contents
Chairman's Message | The Chairman's message to shareholders. | |
Performance | How the fund has done over time. | |
Management's Discussion of Fund Performance | The Portfolio Manager's review of fundperformance 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, | |
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.
Geode is a registered trademark of Geode Capital Management, LLC.
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.
Annual Report
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
Chairman's Message
(photo_of_James_C_Curvey)
Dear Shareholder:
Following a year in which the investment environment was volatile but generally supportive of most major asset classes, 2011 has begun on a positive note. U.S. equities gained ground in January and February, reaching their highest point since June 2008, amid indications the U.S. economy had turned a corner. Still, questions remained about the longer-term outlook, most notably persistently high unemployment. Financial markets are always unpredictable, of course, but there also are several time-tested investment principles that can help put the odds in your favor.
One of the basic tenets is to invest for the long term. Over time, riding out the markets' inevitable ups and downs has proven much more effective than selling into panic or chasing the hottest trend. Even missing only a few of the markets' best days can significantly diminish investor returns. Patience also affords the benefits of compounding - of earning interest on additional income or reinvested dividends and capital gains. There can be tax advantages and cost benefits to consider as well. While staying the course doesn't eliminate risk, it can considerably lessen the effect of short-term declines.
You can further manage your investing risk through diversification. And today, more than ever, geographic diversification should be taken into account. Studies indicate that asset allocation is the single most important determinant of a portfolio's long-term success. The right mix of stocks, bonds and cash - aligned to your particular risk tolerance and investment objective - is very important. Age-appropriate rebalancing is also an essential aspect of asset allocation. For younger investors, an emphasis on equities - which historically have been the best-performing asset class over time - is encouraged. As investors near their specific goal, such as retirement or sending a child to college, consideration may be given to replacing volatile assets (e.g. common stocks) with more-stable fixed investments (bonds or savings plans).
A third principle - investing regularly - can help lower the average cost of your purchases. Investing a certain amount of money each month or quarter helps ensure you won't pay for all your shares at market highs. This strategy - known as dollar cost averaging - also reduces "emotion" from investing, helping shareholders avoid selling weak performers just prior to an upswing, or chasing a hot performer just before a correction.
We invite you to contact us via the Internet, through our Investor Centers or by phone. It is our privilege to provide you the information you need to make the investments that are right for you.
Sincerely,
(The acting chairman's signature appears here.)
James C. Curvey
Acting Chairman
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, 2011 | Past 1 | Past 5 | Past 10 |
Investor Class | 22.47% | 2.82% | 2.53% |
Fidelity Advantage® Class A | 22.53% | 2.86% | 2.54% |
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, 2001. 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: Steady economic growth, encouraging monetary policy, improving credit-market conditions, an uptick in merger-and-acquisition activity and better-than-expected corporate earnings propelled U.S. stock markets forward during the 12-month period ending February 28, 2011. Uncertainty over the global effects of the debt crisis in Europe and China's attempt to rein in its economy plagued equities during the spring, but markets reacted positively to the Federal Reserve's second round of quantitative easing and, later in the year, stimulative federal tax policies. For the full year, the S&P 500® Index advanced 22.57%, with all but one of the 10 major sectors tracked by MSCI U.S. Investable Market classifications delivering a double-digit gain. While cyclically oriented sectors benefited from an overall improving economy, less economically sensitive sectors fell short of the broad market. Energy and materials stocks performed best, while the health care and consumer staples groups struggled the most.
Comments from Patrick Waddell, member of the Geode Capital Management, LLC, investment management team for Spartan® 500 Index Fund: For the 12 months, the fund's Investor Class and Fidelity Advantage Class shares returned 22.47% and 22.53%, respectively, in line with the S&P 500®. Every sector of the S&P 500® generated a positive result, and only health care, which gained about 6%, failed to achieve a double-digit return. The top-performing group was energy, whose roughly 42% increase was helped by rising oil prices. On an individual basis, Exxon Mobil, along with other energy production giants Chevron and ConocoPhillips, as well as oil-field services company Schlumberger, benefited from the rising price of oil. Apple, a personal computer and consumer-electronics manufacturer, continued to impress Wall Street analysts with strong sales of its leading products. Also in technology, consulting firm International Business Machines and mobile communications technology manufacturer QUALCOMM both gained substantial ground. Several technology stocks did not perform as well, however, especially Cisco Systems, Hewlett-Packard and Microsoft. Elsewhere, Bank of America shares underperformed, as did those of pharmaceutical maker Merck.
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, 2010 to February 28, 2011).
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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. 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 Expense Ratio | Beginning | Ending | Expenses Paid |
Investor Class | .10% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,277.00 | $ .56 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.30 | $ .50 |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,277.10 | $ .40 |
HypotheticalA |
| $ 1,000.00 | $ 1,024.45 | $ .35 |
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, 2011 | ||
| % of fund's | % of fund's net assets |
Exxon Mobil Corp. | 3.5 | 3.2 |
Apple, Inc. | 2.7 | 2.3 |
General Electric Co. | 1.8 | 1.6 |
Chevron Corp. | 1.7 | 1.6 |
International Business Machines Corp. | 1.6 | 1.6 |
Microsoft Corp. | 1.6 | 1.9 |
JPMorgan Chase & Co. | 1.5 | 1.5 |
Procter & Gamble Co. | 1.4 | 1.8 |
Wells Fargo & Co. | 1.4 | 1.3 |
Johnson & Johnson | 1.4 | 1.6 |
| 18.6 | |
Market Sectors as of February 28, 2011 | ||
| % of fund's | % of fund's net assets |
Information Technology | 18.5 | 18.1 |
Financials | 15.9 | 15.8 |
Energy | 13.0 | 10.8 |
Industrials | 11.0 | 10.5 |
Health Care | 10.8 | 11.6 |
Consumer Discretionary | 10.4 | 10.2 |
Consumer Staples | 10.0 | 11.7 |
Materials | 3.6 | 3.6 |
Utilities | 3.1 | 3.9 |
Telecommunication Services | 2.9 | 3.2 |
Annual Report
Investments February 28, 2011
Showing Percentage of Net Assets
Common Stocks - 99.2% | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - 10.4% | |||
Auto Components - 0.2% | |||
Johnson Controls, Inc. | 2,401,392 | $ 97,977 | |
The Goodyear Tire & Rubber Co. (a) | 864,991 | 12,266 | |
| 110,243 | ||
Automobiles - 0.5% | |||
Ford Motor Co. (a)(d) | 13,341,501 | 200,790 | |
Harley-Davidson, Inc. (d) | 838,723 | 34,237 | |
| 235,027 | ||
Distributors - 0.1% | |||
Genuine Parts Co. | 560,968 | 29,557 | |
Diversified Consumer Services - 0.1% | |||
Apollo Group, Inc. Class A (non-vtg.) (a) | 452,639 | 20,486 | |
DeVry, Inc. | 222,016 | 12,044 | |
H&R Block, Inc. (d) | 1,098,590 | 16,688 | |
| 49,218 | ||
Hotels, Restaurants & Leisure - 1.6% | |||
Carnival Corp. unit | 1,533,561 | 65,437 | |
Darden Restaurants, Inc. | 492,883 | 23,230 | |
International Game Technology (d) | 1,061,863 | 17,478 | |
Marriott International, Inc. Class A | 1,024,664 | 40,177 | |
McDonald's Corp. | 3,762,126 | 284,718 | |
Starbucks Corp. | 2,638,990 | 87,034 | |
Starwood Hotels & Resorts Worldwide, Inc. (d) | 678,888 | 41,480 | |
Wyndham Worldwide Corp. | 623,042 | 19,489 | |
Wynn Resorts Ltd. (d) | 269,230 | 33,096 | |
Yum! Brands, Inc. | 1,668,585 | 83,980 | |
| 696,119 | ||
Household Durables - 0.4% | |||
D.R. Horton, Inc. (d) | 999,239 | 11,831 | |
Fortune Brands, Inc. | 543,327 | 33,610 | |
Harman International Industries, Inc. | 247,733 | 12,050 | |
Leggett & Platt, Inc. | 521,442 | 12,024 | |
Lennar Corp. Class A (d) | 566,388 | 11,418 | |
Newell Rubbermaid, Inc. | 1,033,732 | 19,992 | |
PulteGroup, Inc. (a)(d) | 1,197,750 | 8,264 | |
Stanley Black & Decker, Inc. | 590,834 | 44,803 | |
Whirlpool Corp. (d) | 270,701 | 22,333 | |
| 176,325 | ||
Internet & Catalog Retail - 0.8% | |||
Amazon.com, Inc. (a) | 1,262,632 | 218,801 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Internet & Catalog Retail - continued | |||
Expedia, Inc. | 720,202 | $ 14,303 | |
Netflix, Inc. (a)(d) | 154,448 | 31,920 | |
Priceline.com, Inc. (a)(d) | 174,826 | 79,350 | |
| 344,374 | ||
Leisure Equipment & Products - 0.1% | |||
Hasbro, Inc. | 484,978 | 21,776 | |
Mattel, Inc. | 1,277,758 | 32,021 | |
| 53,797 | ||
Media - 3.4% | |||
Cablevision Systems Corp. - NY Group Class A | 854,755 | 31,498 | |
CBS Corp. Class B | 2,424,599 | 57,851 | |
Comcast Corp. Class A | 9,935,342 | 255,934 | |
DIRECTV (a)(d) | 2,968,812 | 136,476 | |
Discovery Communications, Inc. (a)(d) | 1,012,428 | 43,646 | |
Gannett Co., Inc. | 850,801 | 14,047 | |
Interpublic Group of Companies, Inc. | 1,740,341 | 22,973 | |
McGraw-Hill Companies, Inc. | 1,093,199 | 42,285 | |
News Corp. Class A | 8,131,956 | 141,252 | |
Omnicom Group, Inc. | 1,072,685 | 54,600 | |
Scripps Networks Interactive, Inc. Class A | 320,762 | 16,660 | |
The Walt Disney Co. | 6,742,883 | 294,934 | |
Time Warner Cable, Inc. | 1,266,733 | 91,433 | |
Time Warner, Inc. | 3,950,107 | 150,894 | |
Viacom, Inc. Class B (non-vtg.) | 2,152,709 | 96,140 | |
Washington Post Co. Class B (d) | 19,551 | 8,467 | |
| 1,459,090 | ||
Multiline Retail - 0.8% | |||
Big Lots, Inc. (a) | 269,038 | 11,039 | |
Family Dollar Stores, Inc. | 448,269 | 22,449 | |
JCPenney Co., Inc. | 841,956 | 29,435 | |
Kohl's Corp. | 1,041,167 | 56,108 | |
Macy's, Inc. | 1,507,964 | 36,040 | |
Nordstrom, Inc. | 599,379 | 27,128 | |
Sears Holdings Corp. (a)(d) | 156,694 | 13,054 | |
Target Corp. | 2,521,417 | 132,500 | |
| 327,753 | ||
Specialty Retail - 1.9% | |||
Abercrombie & Fitch Co. Class A | 312,812 | 17,946 | |
AutoNation, Inc. (a)(d) | 226,612 | 7,623 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
AutoZone, Inc. (a) | 96,935 | $ 25,004 | |
Bed Bath & Beyond, Inc. (a) | 922,671 | 44,427 | |
Best Buy Co., Inc. (d) | 1,175,841 | 37,909 | |
CarMax, Inc. (a)(d) | 800,688 | 28,320 | |
GameStop Corp. Class A (a)(d) | 539,011 | 10,753 | |
Gap, Inc. (d) | 1,564,689 | 35,252 | |
Home Depot, Inc. | 5,835,694 | 218,663 | |
Limited Brands, Inc. | 941,834 | 30,158 | |
Lowe's Companies, Inc. | 4,914,070 | 128,601 | |
O'Reilly Automotive, Inc. (a)(d) | 497,234 | 27,636 | |
RadioShack Corp. (d) | 405,324 | 5,999 | |
Ross Stores, Inc. | 428,937 | 30,901 | |
Staples, Inc. | 2,575,232 | 54,852 | |
Tiffany & Co., Inc. | 450,099 | 27,704 | |
TJX Companies, Inc. | 1,409,416 | 70,288 | |
Urban Outfitters, Inc. (a) | 458,516 | 17,598 | |
| 819,634 | ||
Textiles, Apparel & Luxury Goods - 0.5% | |||
Coach, Inc. | 1,055,386 | 57,962 | |
NIKE, Inc. Class B | 1,361,330 | 121,199 | |
Polo Ralph Lauren Corp. Class A | 230,184 | 29,167 | |
VF Corp. | 308,984 | 29,560 | |
| 237,888 | ||
TOTAL CONSUMER DISCRETIONARY | 4,539,025 | ||
CONSUMER STAPLES - 10.0% | |||
Beverages - 2.3% | |||
Brown-Forman Corp. Class B (non-vtg.) | 369,566 | 25,555 | |
Coca-Cola Enterprises, Inc. | 1,206,390 | 31,728 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a)(d) | 634,854 | 12,900 | |
Dr Pepper Snapple Group, Inc. | 808,655 | 29,160 | |
Molson Coors Brewing Co. Class B | 563,319 | 25,761 | |
PepsiCo, Inc. | 5,643,477 | 357,909 | |
The Coca-Cola Co. | 8,268,554 | 528,526 | |
| 1,011,539 | ||
Food & Staples Retailing - 2.2% | |||
Costco Wholesale Corp. | 1,539,502 | 115,139 | |
CVS Caremark Corp. | 4,838,565 | 159,963 | |
Kroger Co. | 2,270,913 | 52,004 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Food & Staples Retailing - continued | |||
Safeway, Inc. | 1,327,507 | $ 28,966 | |
SUPERVALU, Inc. | 755,507 | 6,520 | |
Sysco Corp. (d) | 2,083,435 | 57,899 | |
Wal-Mart Stores, Inc. | 6,976,167 | 362,621 | |
Walgreen Co. | 3,296,563 | 142,873 | |
Whole Foods Market, Inc. | 523,490 | 30,656 | |
| 956,641 | ||
Food Products - 1.7% | |||
Archer Daniels Midland Co. | 2,275,041 | 84,586 | |
Campbell Soup Co. (d) | 681,977 | 22,955 | |
ConAgra Foods, Inc. | 1,565,803 | 36,264 | |
Dean Foods Co. (a)(d) | 648,737 | 6,851 | |
General Mills, Inc. | 2,280,050 | 84,681 | |
H.J. Heinz Co. | 1,142,152 | 57,359 | |
Hershey Co. | 550,790 | 28,817 | |
Hormel Foods Corp. (d) | 493,227 | 13,514 | |
Kellogg Co. | 904,712 | 48,456 | |
Kraft Foods, Inc. Class A | 6,220,105 | 198,048 | |
McCormick & Co., Inc. (non-vtg.) | 473,398 | 22,557 | |
Mead Johnson Nutrition Co. Class A | 728,477 | 43,599 | |
Sara Lee Corp. | 2,276,368 | 38,971 | |
The J.M. Smucker Co. | 425,546 | 29,295 | |
Tyson Foods, Inc. Class A (d) | 1,061,193 | 19,770 | |
| 735,723 | ||
Household Products - 2.0% | |||
Clorox Co. (d) | 496,544 | 33,646 | |
Colgate-Palmolive Co. | 1,718,794 | 134,960 | |
Kimberly-Clark Corp. | 1,452,114 | 95,694 | |
Procter & Gamble Co. | 9,967,674 | 628,462 | |
| 892,762 | ||
Personal Products - 0.2% | |||
Avon Products, Inc. | 1,528,271 | 42,501 | |
Estee Lauder Companies, Inc. Class A | 404,348 | 38,174 | |
| 80,675 | ||
Tobacco - 1.6% | |||
Altria Group, Inc. | 7,434,565 | 188,615 | |
Lorillard, Inc. | 532,748 | 40,899 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
CONSUMER STAPLES - continued | |||
Tobacco - continued | |||
Philip Morris International, Inc. | 6,460,894 | $ 405,615 | |
Reynolds American, Inc. | 1,204,194 | 41,328 | |
| 676,457 | ||
TOTAL CONSUMER STAPLES | 4,353,797 | ||
ENERGY - 13.0% | |||
Energy Equipment & Services - 2.4% | |||
Baker Hughes, Inc. | 1,535,728 | 109,113 | |
Cameron International Corp. (a) | 863,762 | 51,074 | |
Diamond Offshore Drilling, Inc. (d) | 247,532 | 19,364 | |
FMC Technologies, Inc. (a)(d) | 426,280 | 40,092 | |
Halliburton Co. | 3,238,772 | 152,028 | |
Helmerich & Payne, Inc. | 377,407 | 24,528 | |
Nabors Industries Ltd. (a) | 1,016,252 | 28,933 | |
National Oilwell Varco, Inc. | 1,494,282 | 118,900 | |
Noble Corp. (d) | 911,141 | 40,737 | |
Rowan Companies, Inc. (a)(d) | 449,451 | 19,178 | |
Schlumberger Ltd. | 4,858,435 | 453,875 | |
| 1,057,822 | ||
Oil, Gas & Consumable Fuels - 10.6% | |||
Anadarko Petroleum Corp. | 1,764,759 | 144,410 | |
Apache Corp. | 1,360,870 | 169,592 | |
Cabot Oil & Gas Corp. | 370,238 | 16,905 | |
Chesapeake Energy Corp. (d) | 2,328,532 | 82,919 | |
Chevron Corp. | 7,166,075 | 743,480 | |
ConocoPhillips | 5,231,778 | 407,399 | |
CONSOL Energy, Inc. | 804,214 | 40,782 | |
Denbury Resources, Inc. (a) | 1,423,221 | 34,485 | |
Devon Energy Corp. | 1,537,957 | 140,631 | |
El Paso Corp. | 2,507,390 | 46,637 | |
EOG Resources, Inc. (d) | 904,528 | 101,588 | |
EQT Corp. | 531,089 | 26,183 | |
Exxon Mobil Corp. | 17,956,092 | 1,535,792 | |
Hess Corp. | 1,068,357 | 92,979 | |
Marathon Oil Corp. | 2,527,933 | 125,385 | |
Massey Energy Co. | 363,654 | 23,030 | |
Murphy Oil Corp. | 685,002 | 50,368 | |
Newfield Exploration Co. (a) | 476,721 | 34,701 | |
Noble Energy, Inc. | 623,498 | 57,773 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Occidental Petroleum Corp. | 2,893,545 | $ 295,055 | |
Peabody Energy Corp. | 960,157 | 62,881 | |
Pioneer Natural Resources Co. (d) | 413,407 | 42,308 | |
QEP Resources, Inc. | 625,371 | 24,733 | |
Range Resources Corp. (d) | 570,002 | 30,951 | |
Southwestern Energy Co. (a)(d) | 1,234,863 | 48,752 | |
Spectra Energy Corp. | 2,308,260 | 61,746 | |
Sunoco, Inc. | 429,371 | 17,973 | |
Tesoro Corp. (a)(d) | 509,780 | 12,123 | |
Valero Energy Corp. | 2,016,227 | 56,817 | |
Williams Companies, Inc. | 2,082,331 | 63,220 | |
| 4,591,598 | ||
TOTAL ENERGY | 5,649,420 | ||
FINANCIALS - 15.9% | |||
Capital Markets - 2.4% | |||
Ameriprise Financial, Inc. | 882,970 | 55,910 | |
Bank of New York Mellon Corp. | 4,417,145 | 134,237 | |
Charles Schwab Corp. | 3,531,380 | 66,990 | |
E*TRADE Financial Corp. (a) | 786,309 | 12,565 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 326,194 | 8,990 | |
Franklin Resources, Inc. | 518,453 | 65,128 | |
Goldman Sachs Group, Inc. | 1,820,491 | 298,160 | |
Invesco Ltd. | 1,645,340 | 44,161 | |
Janus Capital Group, Inc. (d) | 654,303 | 8,787 | |
Legg Mason, Inc. | 544,819 | 19,750 | |
Morgan Stanley | 5,387,219 | 159,893 | |
Northern Trust Corp. | 862,431 | 44,476 | |
State Street Corp. | 1,787,666 | 79,944 | |
T. Rowe Price Group, Inc. | 913,142 | 61,162 | |
| 1,060,153 | ||
Commercial Banks - 2.9% | |||
BB&T Corp. (d) | 2,470,317 | 68,181 | |
Comerica, Inc. | 628,472 | 24,448 | |
Fifth Third Bancorp | 3,267,913 | 47,712 | |
First Horizon National Corp. | 928,938 | 10,683 | |
Huntington Bancshares, Inc. | 3,073,650 | 21,024 | |
KeyCorp | 3,135,278 | 28,656 | |
M&T Bank Corp. | 425,095 | 37,430 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Marshall & Ilsley Corp. | 1,880,089 | $ 14,608 | |
PNC Financial Services Group, Inc. | 1,872,312 | 115,522 | |
Regions Financial Corp. | 4,472,802 | 34,172 | |
SunTrust Banks, Inc. | 1,780,309 | 53,712 | |
U.S. Bancorp, Delaware | 6,830,919 | 189,421 | |
Wells Fargo & Co. | 18,690,348 | 602,951 | |
Zions Bancorporation | 633,692 | 14,803 | |
| 1,263,323 | ||
Consumer Finance - 0.7% | |||
American Express Co. | 3,729,251 | 162,483 | |
Capital One Financial Corp. (d) | 1,627,072 | 80,979 | |
Discover Financial Services | 1,939,233 | 42,178 | |
SLM Corp. (a) | 1,729,142 | 25,626 | |
| 311,266 | ||
Diversified Financial Services - 4.3% | |||
Bank of America Corp. | 35,912,301 | 513,187 | |
Citigroup, Inc. (a) | 103,445,039 | 484,123 | |
CME Group, Inc. | 238,635 | 74,282 | |
IntercontinentalExchange, Inc. (a) | 260,484 | 33,394 | |
JPMorgan Chase & Co. | 13,920,242 | 649,936 | |
Leucadia National Corp. | 701,808 | 23,251 | |
Moody's Corp. (d) | 725,549 | 23,145 | |
NYSE Euronext | 929,397 | 34,388 | |
The NASDAQ Stock Market, Inc. (a)(d) | 529,825 | 15,158 | |
| 1,850,864 | ||
Insurance - 3.9% | |||
ACE Ltd. | 1,208,537 | 76,440 | |
AFLAC, Inc. | 1,678,118 | 98,774 | |
Allstate Corp. | 1,916,425 | 60,904 | |
American International Group, Inc. (a)(d) | 511,364 | 18,951 | |
Aon Corp. | 1,174,797 | 61,841 | |
Assurant, Inc. | 379,429 | 15,416 | |
Berkshire Hathaway, Inc. Class B (a) | 6,161,868 | 537,808 | |
Cincinnati Financial Corp. (d) | 579,489 | 19,732 | |
Genworth Financial, Inc. Class A (a) | 1,743,407 | 23,065 | |
Hartford Financial Services Group, Inc. | 1,582,970 | 46,856 | |
Lincoln National Corp. | 1,127,958 | 35,779 | |
Loews Corp. | 1,126,399 | 48,717 | |
Marsh & McLennan Companies, Inc. | 1,935,180 | 58,907 | |
MetLife, Inc. | 3,227,216 | 152,841 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Principal Financial Group, Inc. (d) | 1,140,749 | $ 39,082 | |
Progressive Corp. | 2,362,664 | 49,214 | |
Prudential Financial, Inc. | 1,728,284 | 113,773 | |
The Chubb Corp. | 1,085,839 | 65,889 | |
The Travelers Companies, Inc. | 1,547,572 | 92,746 | |
Torchmark Corp. (d) | 285,065 | 18,600 | |
Unum Group | 1,129,321 | 29,961 | |
XL Group PLC Class A | 1,150,978 | 26,875 | |
| 1,692,171 | ||
Real Estate Investment Trusts - 1.5% | |||
Apartment Investment & Management Co. Class A | 416,747 | 10,690 | |
AvalonBay Communities, Inc. (d) | 303,692 | 36,756 | |
Boston Properties, Inc. (d) | 498,905 | 47,855 | |
Equity Residential (SBI) (d) | 1,012,890 | 55,820 | |
HCP, Inc. (d) | 1,297,358 | 49,300 | |
Health Care REIT, Inc. (d) | 516,792 | 26,987 | |
Host Hotels & Resorts, Inc. (d) | 2,371,335 | 43,633 | |
Kimco Realty Corp. (d) | 1,445,555 | 28,015 | |
Plum Creek Timber Co., Inc. (d) | 575,479 | 24,147 | |
ProLogis Trust | 2,026,264 | 32,947 | |
Public Storage (d) | 497,339 | 55,826 | |
Simon Property Group, Inc. | 1,042,998 | 114,771 | |
Ventas, Inc. | 559,405 | 31,002 | |
Vornado Realty Trust | 578,923 | 54,031 | |
Weyerhaeuser Co. | 1,908,441 | 46,585 | |
| 658,365 | ||
Real Estate Management & Development - 0.1% | |||
CB Richard Ellis Group, Inc. Class A (a) | 1,034,817 | 25,912 | |
Thrifts & Mortgage Finance - 0.1% | |||
Hudson City Bancorp, Inc. (d) | 1,875,190 | 21,565 | |
People's United Financial, Inc. (d) | 1,313,795 | 17,316 | |
| 38,881 | ||
TOTAL FINANCIALS | 6,900,935 | ||
HEALTH CARE - 10.8% | |||
Biotechnology - 1.2% | |||
Amgen, Inc. (a) | 3,364,401 | 172,695 | |
Biogen Idec, Inc. (a)(d) | 848,572 | 58,042 | |
Celgene Corp. (a) | 1,675,907 | 88,991 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Cephalon, Inc. (a)(d) | 267,898 | $ 15,085 | |
Genzyme Corp. (a) | 922,244 | 69,583 | |
Gilead Sciences, Inc. (a) | 2,890,989 | 112,691 | |
| 517,087 | ||
Health Care Equipment & Supplies - 1.8% | |||
Baxter International, Inc. | 2,075,039 | 110,288 | |
Becton, Dickinson & Co. | 818,870 | 65,510 | |
Boston Scientific Corp. (a)(d) | 5,412,857 | 38,756 | |
C. R. Bard, Inc. (d) | 330,819 | 32,341 | |
CareFusion Corp. (a) | 793,880 | 21,689 | |
Covidien PLC | 1,784,873 | 91,832 | |
DENTSPLY International, Inc. | 506,002 | 18,909 | |
Intuitive Surgical, Inc. (a) | 139,918 | 45,886 | |
Medtronic, Inc. | 3,845,377 | 153,507 | |
St. Jude Medical, Inc. | 1,220,805 | 58,452 | |
Stryker Corp. | 1,216,134 | 76,933 | |
Varian Medical Systems, Inc. (a)(d) | 423,699 | 29,354 | |
Zimmer Holdings, Inc. (a) | 703,077 | 43,830 | |
| 787,287 | ||
Health Care Providers & Services - 2.0% | |||
Aetna, Inc. | 1,424,720 | 53,228 | |
AmerisourceBergen Corp. | 984,051 | 37,305 | |
Cardinal Health, Inc. | 1,242,615 | 51,742 | |
CIGNA Corp. | 964,722 | 40,586 | |
Coventry Health Care, Inc. (a) | 528,760 | 15,969 | |
DaVita, Inc. (a) | 346,121 | 27,472 | |
Express Scripts, Inc. (a) | 1,876,771 | 105,512 | |
Humana, Inc. (a) | 599,369 | 38,965 | |
Laboratory Corp. of America Holdings (a)(d) | 362,144 | 32,640 | |
McKesson Corp. | 901,135 | 71,442 | |
Medco Health Solutions, Inc. (a) | 1,511,257 | 93,154 | |
Patterson Companies, Inc. (d) | 344,375 | 11,495 | |
Quest Diagnostics, Inc. | 552,038 | 31,328 | |
Tenet Healthcare Corp. (a) | 1,728,943 | 12,414 | |
UnitedHealth Group, Inc. | 3,916,781 | 166,777 | |
WellPoint, Inc. | 1,401,610 | 93,165 | |
| 883,194 | ||
Health Care Technology - 0.1% | |||
Cerner Corp. (a)(d) | 253,728 | 25,487 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
HEALTH CARE - continued | |||
Life Sciences Tools & Services - 0.5% | |||
Agilent Technologies, Inc. (a) | 1,233,393 | $ 51,901 | |
Life Technologies Corp. (a)(d) | 664,922 | 35,487 | |
PerkinElmer, Inc. | 420,347 | 11,139 | |
Thermo Fisher Scientific, Inc. (a) | 1,415,384 | 79,007 | |
Waters Corp. (a) | 325,218 | 27,009 | |
| 204,543 | ||
Pharmaceuticals - 5.2% | |||
Abbott Laboratories | 5,504,511 | 264,767 | |
Allergan, Inc. | 1,095,022 | 81,218 | |
Bristol-Myers Squibb Co. | 6,095,157 | 157,316 | |
Eli Lilly & Co. | 3,613,490 | 124,882 | |
Forest Laboratories, Inc. (a) | 1,017,060 | 32,953 | |
Hospira, Inc. (a) | 594,949 | 31,443 | |
Johnson & Johnson | 9,779,164 | 600,832 | |
Merck & Co., Inc. | 10,970,740 | 357,317 | |
Mylan, Inc. (a) | 1,549,776 | 35,443 | |
Pfizer, Inc. | 28,522,715 | 548,777 | |
Watson Pharmaceuticals, Inc. (a) | 446,214 | 24,984 | |
| 2,259,932 | ||
TOTAL HEALTH CARE | 4,677,530 | ||
INDUSTRIALS - 11.0% | |||
Aerospace & Defense - 2.7% | |||
General Dynamics Corp. | 1,345,113 | 102,390 | |
Goodrich Corp. | 446,449 | 38,497 | |
Honeywell International, Inc. | 2,778,126 | 160,881 | |
ITT Corp. | 653,783 | 37,874 | |
L-3 Communications Holdings, Inc. | 403,045 | 31,957 | |
Lockheed Martin Corp. | 1,051,554 | 83,241 | |
Northrop Grumman Corp. | 1,039,746 | 69,330 | |
Precision Castparts Corp. | 507,847 | 71,987 | |
Raytheon Co. | 1,298,105 | 66,476 | |
Rockwell Collins, Inc. | 558,521 | 35,991 | |
The Boeing Co. | 2,612,212 | 188,105 | |
United Technologies Corp. | 3,288,169 | 274,694 | |
| 1,161,423 | ||
Air Freight & Logistics - 1.0% | |||
C.H. Robinson Worldwide, Inc. | 591,168 | 42,795 | |
Expeditors International of Washington, Inc. | 756,180 | 36,145 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Air Freight & Logistics - continued | |||
FedEx Corp. | 1,120,411 | $ 100,859 | |
United Parcel Service, Inc. Class B | 3,521,509 | 259,887 | |
| 439,686 | ||
Airlines - 0.1% | |||
Southwest Airlines Co. | 2,660,342 | 31,472 | |
Building Products - 0.1% | |||
Masco Corp. (d) | 1,276,587 | 17,349 | |
Commercial Services & Supplies - 0.5% | |||
Avery Dennison Corp. | 384,461 | 15,348 | |
Cintas Corp. (d) | 450,132 | 12,658 | |
Iron Mountain, Inc. | 712,641 | 18,529 | |
Pitney Bowes, Inc. | 724,125 | 18,233 | |
R.R. Donnelley & Sons Co. | 734,615 | 13,679 | |
Republic Services, Inc. | 1,094,618 | 32,412 | |
Stericycle, Inc. (a)(d) | 304,568 | 26,321 | |
Waste Management, Inc. | 1,694,284 | 62,790 | |
| 199,970 | ||
Construction & Engineering - 0.2% | |||
Fluor Corp. | 636,662 | 45,050 | |
Jacobs Engineering Group, Inc. (a) | 449,035 | 22,479 | |
Quanta Services, Inc. (a)(d) | 767,418 | 17,505 | |
| 85,034 | ||
Electrical Equipment - 0.5% | |||
Emerson Electric Co. | 2,680,144 | 159,897 | |
Rockwell Automation, Inc. | 504,902 | 44,295 | |
Roper Industries, Inc. (d) | 337,115 | 28,361 | |
| 232,553 | ||
Industrial Conglomerates - 2.6% | |||
3M Co. | 2,545,548 | 234,776 | |
General Electric Co. | 37,940,493 | 793,715 | |
Textron, Inc. (d) | 978,898 | 26,518 | |
Tyco International Ltd. | 1,742,863 | 79,021 | |
| 1,134,030 | ||
Machinery - 2.3% | |||
Caterpillar, Inc. | 2,260,121 | 232,634 | |
Cummins, Inc. | 704,384 | 71,227 | |
Danaher Corp. | 1,909,511 | 96,621 | |
Deere & Co. | 1,509,338 | 136,067 | |
Dover Corp. | 665,142 | 42,735 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
Eaton Corp. | 599,301 | $ 66,391 | |
Flowserve Corp. | 198,809 | 24,845 | |
Illinois Tool Works, Inc. | 1,765,965 | 95,539 | |
Ingersoll-Rand Co. Ltd. | 1,153,774 | 52,266 | |
Joy Global, Inc. | 367,769 | 35,813 | |
PACCAR, Inc. (d) | 1,298,667 | 65,102 | |
Pall Corp. | 410,157 | 22,296 | |
Parker Hannifin Corp. | 574,489 | 51,233 | |
Snap-On, Inc. (d) | 207,096 | 11,894 | |
| 1,004,663 | ||
Professional Services - 0.1% | |||
Dun & Bradstreet Corp. | 177,376 | 14,332 | |
Equifax, Inc. | 439,424 | 15,709 | |
Robert Half International, Inc. (d) | 524,006 | 16,716 | |
| 46,757 | ||
Road & Rail - 0.8% | |||
CSX Corp. | 1,332,440 | 99,480 | |
Norfolk Southern Corp. | 1,293,935 | 84,856 | |
Ryder System, Inc. | 184,234 | 8,812 | |
Union Pacific Corp. | 1,756,059 | 167,546 | |
| 360,694 | ||
Trading Companies & Distributors - 0.1% | |||
Fastenal Co. (d) | 524,989 | 32,618 | |
W.W. Grainger, Inc. (d) | 206,576 | 27,518 | |
| 60,136 | ||
TOTAL INDUSTRIALS | 4,773,767 | ||
INFORMATION TECHNOLOGY - 18.5% | |||
Communications Equipment - 2.2% | |||
Cisco Systems, Inc. (a) | 19,737,277 | 366,324 | |
F5 Networks, Inc. (a)(d) | 287,900 | 33,975 | |
Harris Corp. (d) | 456,790 | 21,314 | |
JDS Uniphase Corp. (a) | 792,858 | 19,560 | |
Juniper Networks, Inc. (a) | 1,863,076 | 81,975 | |
Motorola Mobility Holdings, Inc. | 1,045,741 | 31,581 | |
Motorola Solutions, Inc. | 1,195,134 | 46,180 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
QUALCOMM, Inc. | 5,760,530 | $ 343,212 | |
Tellabs, Inc. | 1,313,726 | 7,081 | |
| 951,202 | ||
Computers & Peripherals - 4.5% | |||
Apple, Inc. (a) | 3,266,448 | 1,153,742 | |
Dell, Inc. (a) | 5,980,026 | 94,664 | |
EMC Corp. (a) | 7,336,885 | 199,637 | |
Hewlett-Packard Co. | 8,075,229 | 352,322 | |
Lexmark International, Inc. Class A (a)(d) | 279,759 | 10,499 | |
NetApp, Inc. (a)(d) | 1,286,995 | 66,486 | |
SanDisk Corp. (a) | 835,044 | 41,418 | |
Western Digital Corp. (a) | 818,298 | 25,024 | |
| 1,943,792 | ||
Electronic Equipment & Components - 0.5% | |||
Amphenol Corp. Class A | 621,777 | 35,740 | |
Corning, Inc. | 5,565,272 | 128,335 | |
FLIR Systems, Inc. | 564,743 | 18,241 | |
Jabil Circuit, Inc. | 698,073 | 14,960 | |
Molex, Inc. (d) | 491,958 | 13,740 | |
| 211,016 | ||
Internet Software & Services - 1.9% | |||
Akamai Technologies, Inc. (a) | 649,303 | 24,368 | |
eBay, Inc. (a)(d) | 4,085,398 | 136,881 | |
Google, Inc. Class A (a) | 888,178 | 544,808 | |
Monster Worldwide, Inc. (a)(d) | 463,047 | 7,941 | |
VeriSign, Inc. | 612,434 | 21,613 | |
Yahoo!, Inc. (a) | 4,641,646 | 76,123 | |
| 811,734 | ||
IT Services - 3.1% | |||
Automatic Data Processing, Inc. | 1,756,284 | 87,814 | |
Cognizant Technology Solutions Corp. Class A (a) | 1,080,672 | 83,071 | |
Computer Sciences Corp. | 550,103 | 26,476 | |
Fidelity National Information Services, Inc. | 943,092 | 30,547 | |
Fiserv, Inc. (a) | 529,579 | 33,506 | |
International Business Machines Corp. | 4,423,936 | 716,147 | |
MasterCard, Inc. Class A | 344,881 | 82,965 | |
Paychex, Inc. | 1,146,211 | 38,547 | |
SAIC, Inc. (a)(d) | 1,045,600 | 17,085 | |
Teradata Corp. (a) | 596,452 | 28,522 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
The Western Union Co. (d) | 2,335,484 | $ 51,357 | |
Total System Services, Inc. (d) | 581,258 | 10,317 | |
Visa, Inc. Class A | 1,735,230 | 126,759 | |
| 1,333,113 | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 4,939,683 | 53,102 | |
Semiconductors & Semiconductor Equipment - 2.5% | |||
Advanced Micro Devices, Inc. (a)(d) | 2,039,266 | 18,782 | |
Altera Corp. | 1,113,008 | 46,591 | |
Analog Devices, Inc. | 1,063,476 | 42,411 | |
Applied Materials, Inc. | 4,757,618 | 78,168 | |
Broadcom Corp. Class A | 1,621,685 | 66,846 | |
First Solar, Inc. (a)(d) | 192,302 | 28,343 | |
Intel Corp. | 19,862,756 | 426,453 | |
KLA-Tencor Corp. | 594,900 | 29,043 | |
Linear Technology Corp. | 802,647 | 27,739 | |
LSI Corp. (a) | 2,195,458 | 13,809 | |
MEMC Electronic Materials, Inc. (a)(d) | 809,850 | 10,990 | |
Microchip Technology, Inc. (d) | 665,263 | 24,555 | |
Micron Technology, Inc. (a) | 3,050,886 | 33,956 | |
National Semiconductor Corp. (d) | 853,073 | 13,223 | |
Novellus Systems, Inc. (a) | 321,151 | 12,833 | |
NVIDIA Corp. (a) | 2,068,888 | 46,881 | |
Teradyne, Inc. (a)(d) | 645,949 | 12,034 | |
Texas Instruments, Inc. | 4,181,068 | 148,888 | |
Xilinx, Inc. (d) | 922,688 | 30,679 | |
| 1,112,224 | ||
Software - 3.7% | |||
Adobe Systems, Inc. (a)(d) | 1,811,495 | 62,497 | |
Autodesk, Inc. (a) | 809,733 | 34,049 | |
BMC Software, Inc. (a) | 632,681 | 31,318 | |
CA, Inc. | 1,366,375 | 33,859 | |
Citrix Systems, Inc. (a) | 668,646 | 46,912 | |
Compuware Corp. (a)(d) | 779,942 | 8,782 | |
Electronic Arts, Inc. (a) | 1,181,634 | 22,215 | |
Intuit, Inc. (a) | 995,452 | 52,341 | |
McAfee, Inc. (a) | 548,893 | 26,319 | |
Microsoft Corp. | 26,809,594 | 712,599 | |
Novell, Inc. (a) | 1,251,934 | 7,361 | |
Oracle Corp. | 13,783,848 | 453,489 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Red Hat, Inc. (a) | 678,641 | $ 28,014 | |
salesforce.com, Inc. (a)(d) | 421,113 | 55,701 | |
Symantec Corp. (a) | 2,764,171 | 49,838 | |
| 1,625,294 | ||
TOTAL INFORMATION TECHNOLOGY | 8,041,477 | ||
MATERIALS - 3.6% | |||
Chemicals - 2.1% | |||
Air Products & Chemicals, Inc. | 763,014 | 70,197 | |
Airgas, Inc. | 266,448 | 16,674 | |
CF Industries Holdings, Inc. | 253,284 | 35,784 | |
Dow Chemical Co. | 4,133,206 | 153,590 | |
E.I. du Pont de Nemours & Co. | 3,250,733 | 178,368 | |
Eastman Chemical Co. | 256,841 | 23,992 | |
Ecolab, Inc. | 826,612 | 40,206 | |
FMC Corp. | 258,294 | 20,002 | |
International Flavors & Fragrances, Inc. | 284,699 | 16,214 | |
Monsanto Co. | 1,910,044 | 137,313 | |
PPG Industries, Inc. | 580,496 | 51,304 | |
Praxair, Inc. | 1,090,992 | 108,423 | |
Sherwin-Williams Co. | 319,007 | 26,197 | |
Sigma Aldrich Corp. | 431,935 | 27,596 | |
| 905,860 | ||
Construction Materials - 0.0% | |||
Vulcan Materials Co. (d) | 457,189 | 20,962 | |
Containers & Packaging - 0.2% | |||
Ball Corp. | 629,007 | 22,707 | |
Bemis Co., Inc. (d) | 385,265 | 12,656 | |
Owens-Illinois, Inc. (a) | 582,693 | 17,766 | |
Sealed Air Corp. | 568,606 | 15,648 | |
| 68,777 | ||
Metals & Mining - 1.2% | |||
AK Steel Holding Corp. (d) | 391,675 | 6,259 | |
Alcoa, Inc. (d) | 3,637,263 | 61,288 | |
Allegheny Technologies, Inc. (d) | 351,077 | 23,550 | |
Cliffs Natural Resources, Inc. (d) | 482,357 | 46,822 | |
Freeport-McMoRan Copper & Gold, Inc. | 3,353,516 | 177,569 | |
Newmont Mining Corp. | 1,755,760 | 97,041 | |
Nucor Corp. (d) | 1,124,283 | 53,921 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
Titanium Metals Corp. (a)(d) | 320,792 | $ 6,092 | |
United States Steel Corp. (d) | 511,400 | 29,400 | |
| 501,942 | ||
Paper & Forest Products - 0.1% | |||
International Paper Co. | 1,557,741 | 43,274 | |
MeadWestvaco Corp. (d) | 599,141 | 17,585 | |
| 60,859 | ||
TOTAL MATERIALS | 1,558,400 | ||
TELECOMMUNICATION SERVICES - 2.9% | |||
Diversified Telecommunication Services - 2.6% | |||
AT&T, Inc. | 21,044,978 | 597,256 | |
CenturyLink, Inc. | 1,079,835 | 44,468 | |
Frontier Communications Corp. | 3,539,096 | 30,047 | |
Qwest Communications International, Inc. | 6,205,655 | 42,323 | |
Verizon Communications, Inc. | 10,065,920 | 371,634 | |
Windstream Corp. (d) | 1,722,409 | 21,599 | |
| 1,107,327 | ||
Wireless Telecommunication Services - 0.3% | |||
American Tower Corp. Class A (a) | 1,421,088 | 76,682 | |
MetroPCS Communications, Inc. (a)(d) | 933,909 | 13,448 | |
Sprint Nextel Corp. (a)(d) | 10,636,599 | 46,482 | |
| 136,612 | ||
TOTAL TELECOMMUNICATION SERVICES | 1,243,939 | ||
UTILITIES - 3.1% | |||
Electric Utilities - 1.7% | |||
American Electric Power Co., Inc. | 1,710,220 | 61,192 | |
Duke Energy Corp. | 4,716,599 | 84,852 | |
Edison International | 1,160,184 | 43,066 | |
Entergy Corp. | 644,222 | 45,869 | |
Exelon Corp. (d) | 2,355,232 | 98,354 | |
FirstEnergy Corp. (d) | 1,489,116 | 57,033 | |
NextEra Energy, Inc. | 1,480,776 | 82,139 | |
Northeast Utilities | 627,852 | 21,372 | |
Pepco Holdings, Inc. | 799,424 | 14,973 | |
Pinnacle West Capital Corp. | 387,114 | 16,348 | |
PPL Corp. (d) | 1,720,959 | 43,764 | |
Common Stocks - continued | |||
Shares | Value (000s) | ||
UTILITIES - continued | |||
Electric Utilities - continued | |||
Progress Energy, Inc. | 1,043,126 | $ 47,681 | |
Southern Co. | 2,986,432 | 113,813 | |
| 730,456 | ||
Gas Utilities - 0.1% | |||
Nicor, Inc. (d) | 162,142 | 8,551 | |
ONEOK, Inc. (d) | 379,208 | 24,485 | |
| 33,036 | ||
Independent Power Producers & Energy Traders - 0.1% | |||
AES Corp. (a) | 2,357,337 | 29,160 | |
Constellation Energy Group, Inc. | 711,487 | 22,106 | |
NRG Energy, Inc. (a) | 880,247 | 17,596 | |
| 68,862 | ||
Multi-Utilities - 1.2% | |||
Ameren Corp. | 854,009 | 23,878 | |
CenterPoint Energy, Inc. | 1,506,920 | 23,900 | |
CMS Energy Corp. | 870,913 | 16,774 | |
Consolidated Edison, Inc. (d) | 1,034,572 | 51,708 | |
Dominion Resources, Inc. | 2,067,137 | 94,323 | |
DTE Energy Co. | 602,210 | 28,352 | |
Integrys Energy Group, Inc. | 276,262 | 13,529 | |
NiSource, Inc. (d) | 991,023 | 18,988 | |
PG&E Corp. | 1,396,112 | 64,305 | |
Public Service Enterprise Group, Inc. | 1,801,585 | 58,912 | |
SCANA Corp. | 403,196 | 16,321 | |
Sempra Energy | 854,814 | 45,502 | |
TECO Energy, Inc. | 764,677 | 13,848 | |
Wisconsin Energy Corp. | 416,260 | 24,643 | |
Xcel Energy, Inc. (d) | 1,638,421 | 39,224 | |
| 534,207 | ||
TOTAL UTILITIES | 1,366,561 | ||
TOTAL COMMON STOCKS (Cost $30,850,913) | 43,104,851 | ||
U.S. Treasury Obligations - 0.1% | ||||
| Principal Amount (000s) | Value (000s) | ||
U.S. Treasury Bills, yield at date of purchase 0.11% to 0.29% 5/5/11 to 8/4/11 (e) | $ 43,700 | $ 43,678 | ||
Money Market Funds - 5.2% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.19% (b) | 415,413,092 | 415,413 | |
Fidelity Securities Lending Cash Central Fund, 0.21% (b)(c) | 1,864,912,980 | 1,864,913 | |
TOTAL MONEY MARKET FUNDS (Cost $2,280,326) | 2,280,326 | ||
TOTAL INVESTMENT PORTFOLIO - 104.5% (Cost $33,174,912) | 45,428,855 | ||
NET OTHER ASSETS (LIABILITIES) - (4.5)% | (1,953,303) | ||
NET ASSETS - 100% | $ 43,475,552 | ||
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value (000s) | Unrealized Appreciation/ | |||
Purchased | |||||
Equity Index Contracts | |||||
356 CME E-mini S&P 500 Index Contracts | March 2011 | $ 23,605 | $ 1,747 | ||
1,231 CME S&P 500 Index Contracts | March 2011 | 408,107 | 23,301 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 431,712 | $ 25,048 | |||
|
The face value of futures purchased as a percentage of net assets is 1% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $36,382,000. |
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 | $ 570 |
Fidelity Securities Lending Cash Central Fund | 4,918 |
Total | $ 5,488 |
Other Information |
The following is a summary of the inputs used, as of February 28, 2011, 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 Security 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 | $ 4,539,025 | $ 4,539,025 | $ - | $ - |
Consumer Staples | 4,353,797 | 4,353,797 | - | - |
Energy | 5,649,420 | 5,649,420 | - | - |
Financials | 6,900,935 | 6,900,935 | - | - |
Health Care | 4,677,530 | 4,677,530 | - | - |
Industrials | 4,773,767 | 4,773,767 | - | - |
Information Technology | 8,041,477 | 8,041,477 | - | - |
Materials | 1,558,400 | 1,558,400 | - | - |
Telecommunication Services | 1,243,939 | 1,243,939 | - | - |
Utilities | 1,366,561 | 1,366,561 | - | - |
U.S. Government and Government Agency Obligations | 43,678 | - | 43,678 | - |
Money Market Funds | 2,280,326 | 2,280,326 | - | - |
Total Investments in Securities: | $ 45,428,855 | $ 45,385,177 | $ 43,678 | $ - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 25,048 | $ 25,048 | $ - | $ - |
Value of Derivative Instruments |
The following table is a summary of the Fund's value of derivative instruments by risk exposure as of February 28, 2011. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value (000s) | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 25,048 | $ - |
Total Value of Derivatives | $ 25,048 | $ - |
(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. |
Income Tax Information |
At February 28, 2011, the Fund had a capital loss carryforward of approximately $2,176,517,000 of which $529,693,000, $854,750,000 and $792,074,000 will expire in fiscal 2016, 2017 and 2019, respectively. A capital loss carryforward of approximately $738,737,000 was acquired from the Spartan 500 Index Fund, of which $532,411,000 and $206,326,000 will expire in fiscal 2016 and 2017, respectively. Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. |
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, 2011 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,825,470) - See accompanying schedule: Unaffiliated issuers (cost $30,894,586) | $ 43,148,529 |
|
Fidelity Central Funds (cost $2,280,326) | 2,280,326 |
|
Total Investments (cost $33,174,912) |
| $ 45,428,855 |
Receivable for investments sold | 15,122 | |
Receivable for fund shares sold | 44,674 | |
Dividends receivable | 89,272 | |
Distributions receivable from Fidelity Central Funds | 525 | |
Receivable for daily variation on futures contracts | 2,818 | |
Other receivables | 921 | |
Total assets | 45,582,187 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 142,827 | |
Payable for fund shares redeemed | 94,794 | |
Accrued management fee | 900 | |
Other affiliated payables | 2,316 | |
Other payables and accrued expenses | 885 | |
Collateral on securities loaned, at value | 1,864,913 | |
Total liabilities | 2,106,635 | |
|
|
|
Net Assets | $ 43,475,552 | |
Net Assets consist of: |
| |
Paid in capital | $ 33,553,097 | |
Undistributed net investment income | 127,154 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (2,483,690) | |
Net unrealized appreciation (depreciation) on investments | 12,278,991 | |
Net Assets | $ 43,475,552 | |
Investor Class: | $ 47.09 | |
Fidelity Advantage Class: | $ 47.10 | |
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, 2011 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 775,172 |
Interest |
| 132 |
Income from Fidelity Central Funds |
| 5,488 |
Total income |
| 780,792 |
|
|
|
Expenses | ||
Management fee | $ 25,180 | |
Transfer agent fees | 9,099 | |
Independent trustees' compensation | 214 | |
Interest | 3 | |
Miscellaneous | 136 | |
Total expenses before reductions | 34,632 | |
Expense reductions | - | 34,632 |
Net investment income (loss) | 746,160 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 6,591 | |
Futures contracts | 14,537 | |
Total net realized gain (loss) |
| 21,128 |
Change in net unrealized appreciation (depreciation) on: Investment securities | 7,181,749 | |
Futures contracts | 17,425 | |
Total change in net unrealized appreciation (depreciation) |
| 7,199,174 |
Net gain (loss) | 7,220,302 | |
Net increase (decrease) in net assets resulting from operations | $ 7,966,462 | |
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 February 28, | Year ended February 28, |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 746,160 | $ 466,616 |
Net realized gain (loss) | 21,128 | (346,061) |
Change in net unrealized appreciation (depreciation) | 7,199,174 | 8,148,605 |
Net increase (decrease) in net assets resulting | 7,966,462 | 8,269,160 |
Distributions to shareholders from net investment income | (728,488) | (454,858) |
Share transactions - net increase (decrease) | 115,947 | 13,277,575 |
Total increase (decrease) in net assets | 7,353,921 | 21,091,877 |
|
|
|
Net Assets | ||
Beginning of period | 36,121,631 | 15,029,754 |
End of period (including undistributed net investment income of $127,154 and undistributed net investment income of $109,795, respectively) | $ 43,475,552 | $ 36,121,631 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 G | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.19 | $ 26.10 | $ 47.20 | $ 49.94 | $ 45.45 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .81 | .75 | .95 | .99 | .88 |
Net realized and unrealized gain (loss) | 7.88 | 13.12 | (21.09) | (2.71) | 4.47 |
Total from investment operations | 8.69 | 13.87 | (20.14) | (1.72) | 5.35 |
Distributions from net investment income | (.79) | (.78) | (.96) | (.97) | (.86) |
Distributions from net realized gain | - | - | - | (.05) | - |
Total distributions | (.79) | (.78) | (.96) | (1.02) | (.86) |
Net asset value, end of period | $ 47.09 | $ 39.19 | $ 26.10 | $ 47.20 | $ 49.94 |
Total Return A | 22.47% | 53.68% | (43.35)% | (3.66)% | 11.90% |
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% | .09% | .09% |
Net investment income (loss) | 1.94% | 2.14% | 2.36% | 1.90% | 1.87% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 27,881 | $ 23,666 | $ 11,363 | $ 20,102 | $ 22,206 |
Portfolio turnover rate D | 4% | 11% F | 8% | 7% | 7% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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 - Fidelity Advantage Class
Years ended February 28, | 2011 | 2010 | 2009 | 2008 G | 2007 |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 39.19 | $ 26.11 | $ 47.20 | $ 49.94 | $ 45.45 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .82 | .77 | .96 | 1.00 | .90 |
Net realized and unrealized gain (loss) | 7.89 | 13.10 | (21.08) | (2.70) | 4.46 |
Total from investment operations | 8.71 | 13.87 | (20.12) | (1.70) | 5.36 |
Distributions from net investment income | (.80) | (.79) | (.97) | (.99) | (.87) |
Distributions from net realized gain | - | - | - | (.05) | - |
Total distributions | (.80) | (.79) | (.97) | (1.04) | (.87) |
Net asset value, end of period | $ 47.10 | $ 39.19 | $ 26.11 | $ 47.20 | $ 49.94 |
Total Return A | 22.53% | 53.67% | (43.31)% | (3.63)% | 11.93% |
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% | .06% | .06% |
Net investment income (loss) | 1.97% | 2.17% | 2.39% | 1.92% | 1.89% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (in millions) | $ 15,595 | $ 12,455 | $ 3,667 | $ 6,304 | $ 5,088 |
Portfolio turnover rate D | 4% | 11% F | 8% | 7% | 7% |
A Total returns would have been lower had certain expenses not been reduced during the periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of the 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
Notes to Financial Statements
For the period ended February 28, 2011
(Amounts in thousands except ratios)
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 and Fidelity Advantage 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. In January 2011, the Board of Trustees of the Fund approved the creation of additional classes of shares. The Fund will commence sale of shares of Institutional Class and Fidelity Advantage Institutional Class in May 2011.
2. Investments in Fidelity Central Funds.
The Fund may 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 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) web site 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 web site or upon request.
Annual Report
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:
Security Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value (NAV) calculation under these procedures may differ from published prices for the same securities.
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)
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, 2011, is included at the end of the Fund's Schedule of Investments. 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 an independent pricing service 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
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except ratios)
3. Significant Accounting Policies - continued
Security Valuation - continued
(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 in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 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 each business day and are categorized as Level 1 in the hierarchy. Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates fair value, and are categorized as Level 2 in the hierarchy.
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.
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, including distributing substantially all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code and filing its U.S. federal tax return. As a result, no provision for income taxes is required. As of February 28, 2011, the Fund did not have any unrecognized tax benefits in the accompanying financial statements. A fund's federal tax return is subject to examination by the Internal Revenue Service (IRS) for a period of three years. 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.
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 the futures transactions, market discount, foreign currency transactions, redemptions in kind, deferred trustees compensation, capital loss carryforwards and losses 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:
Gross unrealized appreciation | $ 16,569,951 |
Gross unrealized depreciation | (4,502,000) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 12,067,951 |
|
|
Tax Cost | $ 33,360,904 |
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except ratios)
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 | $ 128,072 |
Capital loss carryforward | $ (2,176,517) |
Net unrealized appreciation (depreciation) | $ 12,092,999 |
The tax character of distributions paid was as follows:
| February 28, 2011 | February 28, 2010 |
Ordinary Income | $ 728,488 | $ 454,858 |
4. Derivative Instruments.
Risk Exposures and the Use of Derivative Instruments. The Fund used derivative instruments (derivatives), including futures contracts, in order to meet its investment objectives. The strategy is to use 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 sell 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. The Fund's maximum risk of loss from counterparty credit risk is generally the aggregate unrealized appreciation and unpaid counterparty payments in excess of any collateral pledged by the counterparty to the Fund. Counterparty risk related to exchange-traded futures contracts is minimal because of the protection provided by the exchange on which they trade. Derivatives involve, to varying degrees, risk of loss in excess of the amounts recognized in the Statement of Assets and Liabilities.
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.
Annual Report
4. Derivative Instruments - continued
Futures Contracts - continued
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). Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
The underlying face amount at value of open futures contracts at period end, is shown in the Schedule of Investments under the caption "Futures Contracts." This amount reflects each contract's exposure to the underlying instrument 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. The receivable and/or payable for the variation margin are reflected in the Statement of Assets and Liabilities.
Certain risks arise upon entering into futures contracts, including the risk that an illiquid market limits the ability to close out a futures contract prior to settlement date.
During the period the Fund recognized net realized gain (loss) of $14,537 and a change in net unrealized appreciation (depreciation) of $17,425 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 $1,787,255 and $1,461,669, respectively.
Securities delivered through in-kind redemptions aggregated $256,950. Realized gain (loss) of $164,185 on securities delivered through in-kind 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 Fund with investment management related services for which the Fund pays a monthly management fee. Effective February 1, 2011, an amendment to the management contract was approved by the Board of Trustees reducing the management fee from .07% to .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. For the period, the total annual management fee rate was .07% of
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except ratios)
6. Fees and Other Transactions with Affiliates - continued
Management Fee and Expense Contract - continued
average net assets. Under the expense contract, FMR pays class-level expenses of Investor Class and Fidelity Advantage Class so that total expenses do not exceed .10% and .07% of the class's average net assets, respectively, with certain exceptions.
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.
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 fund. Effective February 1, 2011, Investor Class and Fidelity Advantage Class pay transfer agent fees at an annual rate of .075% and .045% of average net assets, respectively. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Prior to February 1, 2011, FIIOC received asset-based fees of .06% and .03% of average net assets for Investor Class and Fidelity Advantage Class, respectively. Under the expense contract, these fees were limited to .03% for Investor Class and Fidelity Advantage Class paid no transfer agent fees.
For the period, the total transfer agent fees paid by each applicable class were as follows:
| Amount | % of |
Investor Class Fidelity Advantage Class | $ 8,521 578 | .03 .00 |
Interfund Lending Program. Pursuant to an Exemptive Order issued by the SEC, the Fund, along with other registered investment companies having management contracts with FMR, may participate in an interfund lending program. This Interfund program provides an alternative credit facility allowing the funds to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. The Fund's activity in this program during the period for which loans were outstanding was as follows:
Borrower or Lender | Average Daily | Weighted Average Interest Rate | Interest |
Borrower | $ 17,142 | .46% | $ 3 |
Annual Report
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $3.75 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 $136 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. The lending agent 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 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 $4,918. During the period, there were no securities loaned to FCM.
9. Expense Reductions.
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 one-hundred and forty dollars.
Annual Report
Notes to Financial Statements - continued
(Amounts in thousands except ratios)
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
Years ended February 28, | 2011 | 2010 |
From net investment income |
|
|
Investor Class | $ 471,739 | $ 343,305 |
Fidelity Advantage Class | 256,749 | 111,553 |
Total | $ 728,488 | $ 454,858 |
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
Years ended February 28, | 2011 | 2010 | 2011 | 2010 |
Investor Class |
|
|
|
|
Shares sold | 121,986 | 102,079 | $ 5,163,968 | 3,520,925 |
Issued in exchange for shares of Spartan 500 Index - Investor Class | - | 169,226 | - | 6,538,898 |
Reinvestment of distributions | 11,222 | 10,191 | 463,897 | 341,131 |
Shares redeemed | (145,105) | (112,841) | (6,039,234) | (3,955,906) |
Net increase (decrease) | (11,897) | 168,655 | $ (411,369) | $ 6,445,048 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 67,796 | 37,900 | $ 2,795,107 | $ 1,293,939 |
Issued in exchange for shares of Spartan 500 Index - Fidelity Advantage Class | - | 176,513 | - | 6,820,470 |
Reinvestment of distributions | 5,731 | 3,236 | 237,051 | 108,308 |
Shares redeemed | (60,230) | (40,294) | (2,504,842) | (1,390,190) |
Net increase (decrease) | 13,297 | 177,355 | $ 527,316 | $ 6,832,527 |
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 January 22, 2010 the Fund (formerly Spartan U.S. Equity Index Fund) acquired all of the assets and assumed all of the liabilities of the former Spartan 500 Index Fund ("Target Fund") pursuant to an agreement and plan of reorganization approved by the Board of Trustees ("The Board") on November 18, 2009. The reorganization was in the best interest of the shareholders based on the compatibility of the Funds' investment objectives and policies. The acquisition was accomplished by an exchange of 169,226 Investor Class shares and 176,513 Fidelity Advantage Class shares of the Fund, respectively, for 86,845 Investor Class shares and 90,584 Fidelity Advantage Class shares then outstanding (valued at $75.29 and $75.29 per share for Investor Class and Fidelity Advantage Class, respectively) of the Target 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. The Target Fund's net assets, including securities of $13,352,076, unrealized appreciation of $1,341,315, and net other assets of $7,292, were combined with the Fund's net assets of $22,435,859 for total net assets after the acquisition of $35,795,227.
Pro forma results of operations of the combined entity for the entire year ended February 28, 2010, 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) | $ 701,290 |
Total net realized gain (loss) | (664,056) |
Total change in net unrealized appreciation (depreciation) | 12,996,874 |
Net increase (decrease) in net assets resulting from operations | $ 13,034,108 |
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 fund that have been included in the Fund's accompanying Statement of Operations since January 22, 2010.
14. Proposed Reorganization
The Board of Trustees of the Fund has approved Agreements and Plans of Reorganization between the Fund and the Fidelity Congress Street and Fidelity Exchange Funds. The agreements provide for the transfer of all the assets and the assumption of all the liabilities of Fidelity Congress Street Fund and Fidelity Exchange Fund in exchange solely for the number of equivalent shares of Fidelity Advantage Class of the Fund having the same aggregate net asset value as the outstanding shares of Fidelity Congress Street Fund and Fidelity Exchange Fund, on the day the reorganizations are effective.
The reorganizations were approved by Fidelity Congress Street Fund's and Fidelity Exchange Fund's shareholders and became effective on April 15, 2011. The reorganizations qualify as tax-free transactions with no gain or loss recognized by the Funds or their shareholders.
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, 2011, 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 ended, 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, 2011 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 20, 2011
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 219 funds advised by FMR or an affiliate. Mr. Curvey oversees 409 funds advised by FMR or an affiliate.
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 (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 Acting 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. 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. The responsibilities of each 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, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (75) | |
| Year of Election or Appointment: 2007 |
Ronald P. O'Hanley (54) | |
| Year of Election or Appointment: 2011 |
* 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, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (62) | |
| 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 (57) | |
| 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, Inc. (restaurant and entertainment complexes, 2010-present), The Hillman Companies, Inc. (hardware wholesalers, 2010-present), The Western Union Company (global money transfer, 2006-present) and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is Chairman (2008-present) and a member (2006-present) of the Board of Trustees of The National Parks Conservation Association. |
Ned C. Lautenbach (67) | |
| 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 also a member of the Board of Directors of the Philharmonic Center for the Arts in Naples, Florida (1999 - present); a member of the Board of Trustees of Fairfield University (2005-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 (66) | |
| 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) and of Arcadia Resources Inc. (health care services and products, 2007-present). Previously, Mr. Mauriello served as a Director of the Hamilton Funds of the Bank of New York (2006-2007). |
Cornelia M. Small (66) | |
| Year of Election or Appointment: 2005 Ms. Small is a member of the Board of Directors of the Teagle Foundation (2009-present). Ms. Small is also a member of the Investment Committee, and Chair (2008-present) and a member of the Board of Trustees of Smith College. In addition, Ms. Small serves on the Investment Committee of the Berkshire Taconic Community Foundation (2008-present). Previously, Ms. Small served as Chairperson of the Investment Committee (2002-2008) 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 (71) | |
| 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 Chairman of Univar (global distributor of commodity and specialty chemicals, 2010-present), a Director of Teradata Corporation (data warehousing and technology solutions, 2008-present), Chemical Financial Corporation, Maersk Inc. (industrial conglomerate), Tyco International, Inc. (multinational manufacturing and services, 2007-present), and a member of the Advisory Board for Metalmark Capital (private equity investment, 2005-present). Mr. Stavropoulos is a special 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. |
David M. Thomas (61) | |
| 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). In addition, Mr. Thomas serves as a member of the Board of Directors of Fortune Brands, Inc. (consumer products), and Interpublic Group of Companies, Inc. (marketing communication, 2004-present). |
Michael E. Wiley (60) | |
| 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). |
Annual Report
+ 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 each executive officer, Edward C. Johnson 3d, and Peter S. Lynch may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupation | |
Edward C. Johnson 3d (80) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Formerly Trustee and Chairman of the Board of Trustees of certain Trusts, Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC; Chairman and a Director of FMR; and Chairman and a Director of FMR Co., Inc. In addition, Mr. Johnson serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as President of FMR LLC (2006-2007). |
Peter S. Lynch (67) | |
| 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). |
Kenneth B. Robins (41) | |
| 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 (45) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investments Officer of FMR. 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 (46) | |
| Year of Election or Appointment: 2009 Vice President of certain Equity Funds and Vice President of Sector 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 (43) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as 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); Deputy General Counsel of FMR LLC; Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), Fidelity Investments Money Management, Inc. (2008-present), Fidelity Management & Research (U.K.) Inc. (2008-present), and Fidelity Research and Analysis Company (2008-present). Previously, Mr. Goebel served as Assistant Secretary of the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (42) | |
| 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). |
Holly C. Laurent (56) | |
| Year of Election or Appointment: 2008 Anti-Money Laundering (AML) Officer of the Fidelity funds. Ms. Laurent also serves as AML Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present) and is an employee of Fidelity Investments. Previously, Ms. Laurent was Senior Vice President and Head of Legal for Fidelity Business Services India Pvt. Ltd. (2006-2008), and Senior Vice President, Deputy General Counsel and Group Head for FMR LLC (2005-2006). |
Christine Reynolds (52) | |
| 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). |
Kenneth A. Rathgeber (63) | |
| Year of Election or Appointment: 2004 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Rathgeber is Chief Compliance Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present), Fidelity Management & Research (Japan) Inc. (2008-present), FMR (2005-present), FMR Co., Inc. (2005-present), Fidelity Management & Research (U.K.) Inc. (2005-present), Fidelity Research & Analysis Company (2005-present), Fidelity Investments Money Management, Inc. (2005-present), Pyramis Global Advisors, LLC (2005-present), and Strategic Advisers, Inc. (2005-present). |
Jeffrey S. Christian (49) | |
| Year of Election or Appointment: 2009 Deputy Treasurer of the Fidelity funds. Mr. Christian is an employee of Fidelity Investments. Previously, Mr. Christian served as Chief Financial Officer (2008-2009) of certain Fidelity funds and Senior Vice President of Fidelity Pricing and Cash Management Services (FPCMS) (2004-2009). |
Bryan A. Mehrmann (49) | |
| Year of Election or Appointment: 2005 Deputy Treasurer of the Fidelity funds. Mr. Mehrmann is an employee of Fidelity Investments. |
Adrien E. Deberghes (43) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Assistant Treasurer of other Fidelity funds (2010-present) 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). |
Stephanie J. Dorsey (41) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of Fidelity's Equity and High Income Funds. Ms. Dorsey also serves as Deputy Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments (2008-present). Previously, Ms. Dorsey served as Treasurer (2004-2008) of the JPMorgan Mutual Funds and Vice President (2004-2008) of JPMorgan Chase Bank. |
John R. Hebble (52) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as Treasurer and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (52) | |
| 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 (42) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. 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 0.4% 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 97%, 100%, 100% and 100%; Advantage class designates 95%, 100%, 100% and 100% 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 designates 99%, 100%, 100%, and 100%; Advantage class designates 97%, 100%, 100%, and 100% 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 2012 of amounts for use in preparing 2011 income tax returns.
Annual Report
Managing Your Investments
Fidelity offers several ways to conveniently manage your personal investments via your telephone or PC. You can access your account information, conduct trades and research your investments 24 hours a day.
By Phone
Fidelity Automated Service Telephone provides a single toll-free number to access account balances, positions, quotes and trading. It's easy to navigate the service, and on your first call, the system will help you create a personal identification number (PIN) for security.
(phone_graphic)
Fidelity Automated
Service Telephone (FAST®)
1-800-544-5555
Press
For mutual fund and brokerage trading.
For quotes.*
For account balances and holdings.
To review orders and mutual
fund activity.
To change your PIN.
To speak to a Fidelity representative.
By PC
Fidelity's web site on the Internet provides a wide range of information, including daily financial news, fund performance, interactive planning tools and news about Fidelity products and services.
(computer_graphic)
Fidelity's Web Site
www.fidelity.com
* When you call the quotes line, please remember that a fund's yield and return will vary and, except for money market funds, share price will also vary. This means that you may have a gain or loss when you sell your shares. There is no assurance that money market funds will be able to maintain a stable $1 share price; an investment in a money market fund is not insured or guaranteed by the U.S. government. Total returns are historical and include changes in share price, reinvestment of dividends and capital gains distributions, and the effects of any sales charges.
Annual Report
To Write Fidelity
We'll give your correspondence immediate attention and send you written confirmation upon completion of your request.
(letter_graphic)
Making Changes
To Your Account
(such as changing name, address, bank, etc.)
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0002
(letter_graphic)
For Non-Retirement
Accounts
Buying shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
Selling shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
General Correspondence
Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500
(letter_graphic)
For Retirement
Accounts
Buying shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
Selling shares
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
Overnight Express
Fidelity Investments
Attn: Distribution Services
100 Crosby Parkway - KC1H
Covington, KY 41015
General Correspondence
Fidelity Investments
P.O. Box 500
Merrimack, NH 03054-0500
Annual Report
To Visit Fidelity
For directions and hours,
please call 1-800-544-9797.
Arizona
7001 West Ray Road
Chandler, AZ
15445 N. Scottsdale Road
Scottsdale, AZ
17550 North 75th Avenue
Glendale, AZ
5330 E. Broadway Blvd
Tucson, AZ
California
815 East Birch Street
Brea, CA
1411 Chapin Avenue
Burlingame, CA
851 East Hamilton Avenue
Campbell, CA
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Larkspur, CA
2000 Avenue of the Stars
Los Angeles, CA
27101 Puerta Real
Mission Viejo, CA
73575 El Paseo
Palm Desert, CA
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Palo Alto, CA
123 South Lake Avenue
Pasadena, CA
16656 Bernardo Ctr. Drive
Rancho Bernardo, CA
1220 Roseville Parkway
Roseville, CA
1740 Arden Way
Sacramento, CA
7676 Hazard Center Drive
San Diego, CA
11943 El Camino Real
San Diego, CA
8 Montgomery Street
San Francisco, CA
3793 State Street
Santa Barbara, CA
1200 Wilshire Boulevard
Santa Monica, CA
398 West El Camino Real
Sunnyvale, CA
111 South Westlake Blvd
Thousand Oaks, CA
21701 Hawthorne Boulevard
Torrance, CA
2001 North Main Street
Walnut Creek, CA
6326 Canoga Avenue
Woodland Hills, CA
2211 Michelson Drive
Irvine, CA
Colorado
281 East Flatiron Circle
Broomfield, CO
1625 Broadway
Denver, CO
9185 Westview Road
Lone Tree, CO
Connecticut
48 West Putnam Avenue
Greenwich, CT
265 Church Street
New Haven, CT
300 Atlantic Street
Stamford, CT
29 South Main Street
West Hartford, CT
1261 Post Road
Fairfield, CT
Delaware
400 Delaware Avenue
Wilmington, DE
Florida
175 East Altamonte Drive
Altamonte Springs, FL
1400 Glades Road
Boca Raton, FL
121 Alhambra Plaza
Coral Gables, FL
2948 N. Federal Highway
Ft. Lauderdale, FL
4671 Town Center Parkway
Jacksonville, FL
8880 Tamiami Trail, North
Naples, FL
230 Royal Palm Way
Palm Beach, FL
3501 PGA Boulevard
Palm Beach Gardens, FL
3550 Tamiami Trail, South
Sarasota, FL
1502 N. Westshore Blvd.
Tampa, FL
2465 State Road 7
Wellington, FL
Georgia
3242 Peachtree Road
Atlanta, GA
1000 Abernathy Road
Atlanta, GA
Illinois
One North LaSalle Street
Chicago, IL
401 North Michigan Avenue
Chicago, IL
One Skokie Valley Road
Highland Park, IL
1415 West 22nd Street
Oak Brook, IL
15105 S LaGrange Road
Orland Park, IL
1572 East Golf Road
Schaumburg, IL
1823 Freedom Drive
Naperville, IL
Indiana
8480 Keystone Crossing
Indianapolis, IN
Kansas
5400 College Boulevard
Overland Park, KS
Maine
Three Canal Plaza
Portland, ME
Maryland
7315 Wisconsin Avenue
Bethesda, MD
610 York Road
Towson, MD
Massachusetts
801 Boylston Street
Boston, MA
155 Congress Street
Boston, MA
300 Granite Street
Braintree, MA
44 Mall Road
Burlington, MA
238 Main Street
Cambridge, MA
200 Endicott Street
Danvers, MA
Annual Report
405 Cochituate Road
Framingham, MA
551 Boston Turnpike
Shrewsbury, MA
Michigan
500 E. Eisenhower Pkwy.
Ann Arbor, MI
280 N. Old Woodward Ave.
Birmingham, MI
30200 Northwestern Hwy.
Farmington Hills, MI
43420 Grand River Avenue
Novi, MI
3480 28th Street
Grand Rapids, MI
2425 S. Linden Road STE E
Flint, MI
Minnesota
7740 France Avenue South
Edina, MN
8342 3rd Street North
Oakdale, MN
Missouri
1524 South Lindbergh Blvd.
St. Louis, MO
Nevada
2225 Village Walk Drive
Henderson, NV
New Jersey
501 Route 73 South
Marlton, NJ
150 Essex Street
Millburn, NJ
35 Morris Street
Morristown, NJ
396 Route 17, North
Paramus, NJ
3518 Route 1 North
Princeton, NJ
530 Broad Street
Shrewsbury, NJ
New Mexico
2261 Q Street NE
Albuquerque, NM
New York
1130 Franklin Avenue
Garden City, NY
37 West Jericho Turnpike
Huntington Station, NY
1271 Avenue of the Americas
New York, NY
980 Madison Avenue
New York, NY
61 Broadway
New York, NY
350 Park Avenue
New York, NY
200 Fifth Avenue
New York, NY
733 Third Avenue
New York, NY
2070 Broadway
New York, NY
1075 Northern Blvd.
Roslyn, NY
799 Central Park Avenue
Scarsdale, NY
3349 Monroe Avenue
Rochester, NY
North Carolina
4611 Sharon Road
Charlotte, NC
7011 Fayetteville Road
Durham, NC
Ohio
3805 Edwards Road
Cincinnati, OH
1324 Polaris Parkway
Columbus, OH
1800 Crocker Road
Westlake, OH
28699 Chagrin Boulevard
Woodmere Village, OH
Oregon
7493 SW Bridgeport Road
Tigard, OR
Pennsylvania
600 West DeKalb Pike
King of Prussia, PA
1735 Market Street
Philadelphia, PA
12001 Perry Highway
Wexford, PA
Rhode Island
10 Memorial Boulevard
Providence, RI
Tennessee
3018 Peoples Street
Johnson City, TN
7628 West Farmington Blvd.
Germantown, TN
2035 Mallory Lane
Franklin, TN
Texas
10000 Research Boulevard
Austin, TX
4001 Northwest Parkway
Dallas, TX
12532 Memorial Drive
Houston, TX
2701 Drexel Drive
Houston, TX
6560 Fannin Street
Houston, TX
1701 Lake Robbins Drive
The Woodlands, TX
6500 N. MacArthur Blvd.
Irving, TX
6005 West Park Boulevard
Plano, TX
1576 East Southlake Blvd.
Southlake, TX
15600 Southwest Freeway
Sugar Land, TX
139 N. Loop 1604 East
San Antonio, TX
Utah
279 West South Temple
Salt Lake City, UT
Virginia
1861 International Drive
McLean, VA
11957 Democracy Drive
Reston, VA
Washington
10500 NE 8th Street
Bellevue, WA
1518 6th Avenue
Seattle, WA
304 Strander Blvd
Tukwila, WA
Washington, DC
1900 K Street, N.W.
Washington, DC
Wisconsin
16020 West Bluemound Road
Brookfield, WI
Fidelity Brokerage Services, Inc., 100 Summer St., Boston, MA 02110 Member NYSE/SIPC
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
Boston, MA
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
UEI-UANN-0411
1.790915.107
Item 2. Code of Ethics
As of the end of the period, February 28, 2011, 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, 2011 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Spartan Extended Market Index Fund | $77,000 | $- | $4,300 | $4,600 |
Spartan International Index Fund | $82,000 | $- | $36,400 | $7,000 |
Spartan Total Market Index Fund | $90,000 | $- | $6,400 | $7,900 |
Spartan 500 Index Fund | $120,000 | $- | $4,300 | $21,800 |
February 28, 2010 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Spartan Extended Market Index Fund | $79,000 | $- | $6,100 | $3,600 |
Spartan International Index Fund | $83,000 | $- | $8,100 | $5,800 |
Spartan Total Market Index Fund | $89,000 | $- | $6,100 | $7,300 |
Spartan 500 Index Fund | $112,000 | $- | $4,100 | $16,800 |
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, 2011A | February 28, 2010A |
Audit-Related Fees | $2,550,000 | $2,250,000 |
Tax Fees | $- | $- |
All Other Fees | $510,000 | $- |
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, 2011 A | February 28, 2010 A |
PwC | $5,045,000 | $4,340,000 |
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 27, 2011 |
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 27, 2011 |
By: | /s/Christine Reynolds |
| Christine Reynolds |
| Chief Financial Officer |
|
|
Date: | April 27, 2011 |