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 29 |
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Date of reporting period: | February 29, 2012 |
This report on Form N-CSR relates solely to the Registrant's Spartan Extended Market Index Fund, Spartan International Index Fund and Spartan Total Market Index Fund series (each, a "Fund" and collectively, the "Funds").
Item 1. Reports to Stockholders
Spartan® Total Market Index
Spartan Extended Market Index
Spartan International Index
Funds -
Investor Class
Fidelity Advantage® Class
Annual Report
(Fidelity Cover Art)
February 29, 2012
Contents
Spartan® Total Market Index Fund | Shareholder Expense Example | |
| Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| Notes to the Financial Statements | |
| ||
Shareholder Expense Example | An example of shareholder expenses | |
| ||
Spartan Extended Market Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Spartan International Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Notes | Notes to the Financial Statements | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the funds nor Fidelity Distributors Corporation is a bank.
Annual Report
Spartan Total Market Index Fund
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2011 to February 29, 2012) for Investor Class, Fidelity Advantage Class and Class F and for the entire period (September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class. The hypothetical expense example is based on an investment of $1,000 invested for the one-half year period (September 1, 2011 to February 29, 2012).
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 | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.20 | $ .53 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.37 | $ .50 C |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .37 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,164.90 | $ .31 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,165.00 | $ .23 B |
HypotheticalA |
| $ 1,000.00 | $ 1,023.69 | $ .23 C |
Class F | .050% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .27 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.61 | $ .25 C |
A 5% return per year before expenses
B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period) for Investor Class, Fidelity Advantage Class and Class F and multiplied by 175/366 (to reflect the period September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class.
C Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (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 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan Total Market Index Fund - Investor Class | 4.46% | 1.97% | 5.05% |
Spartan Total Market Index Fund - Fidelity Advantage® Class A | 4.51% | 2.01% | 5.08% |
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, 2002. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period.
Annual Report
Spartan Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stocks rose for the 12 months ending February 29, 2012, as encouraging economic news sparked a strong late-period rally that lifted major equity benchmarks past a number of significant milestones. Stocks recovered from early-period uncertainty that followed the March 2011 earthquake, tsunami and nuclear meltdown in Japan, but plummeted during the summer amid Europe's debt woes and a historic U.S. credit-rating downgrade. Despite continued volatility and mixed economic news, markets began to recover in early October. Investors gravitated toward defensive sectors and the perceived safety of larger, more-established and dividend-paying names, helping the Dow Jones® Industrial Average advance 8.83%, and close above the psychologically important 13,000 mark in late February - for the first time since May 2008. The rally accelerated late in the period and the market broadened, as investor confidence improved amid encouraging manufacturing, housing and employment data, and signs of progress in Europe. For the year, the S&P 500® Index added 5.12%, closing near a four-year high on the period's second-to-last day. The technology-laden Nasdaq Composite® Index added 7.73%, flirting with the 3,000 mark, its highest level in 12 years. Foreign developed-markets stocks reeled over Europe's turmoil, and the MSCI® EAFE® (Europe, Australasia, Far East) Index fell 7.35%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year ending February 29, 2012, the fund's Investor Class and Fidelity Advantage® Class shares returned 4.46% and 4.51%, respectively, in line with the 4.53% return of the benchmark Dow Jones U.S. Total Stock Market IndexSM. Several of the fund's leading contributors were technology stocks. Topping the list was Apple, the second-largest stock in the index, whose shares gained approximately 54% during the past 12 months. This consumer products and personal computer manufacturer enjoyed very strong sales, especially of its popular iPad® tablet computers and iPhone® mobile telephones. Computer-services company International Business Machines, the third-largest stock in the index, also added value, as its shares trended upward throughout most of the reporting period. Software giant Microsoft and semiconductor manufacturer Intel enjoyed good results, with Intel benefiting from strong product demand that spurred better-than-expected sales growth. Elsewhere, tobacco manufacturer Philip Morris International and restaurant giant McDonald's performed well among consumer staples stocks, while in health care, drugmakers Merck and Pfizer contributed. Telecommunication services provider AT&T and credit card processing company Visa also added to returns. Unsurprisingly, given the tremendous market volatility of the past year, many financials stocks topped the list of detractors. The biggest laggard was diversified financials company Bank of America, whose shares declined 44% during the 12-month period. Other diversified financials firms also saw double-digit drops in their stock price, including Citigroup, JPMorgan Chase, Goldman Sachs Group and Morgan Stanley, while insurance-focused conglomerate Berkshire Hathaway also lagged. Meanwhile, in the information technology sector, computer and peripherals company Hewlett-Packard had a difficult year. Among its challenges was the company's announcement in August of plans to exit the personal computer business - a decision it rescinded a few months later. Investors appeared to have little confidence in this strategy, causing the stock to lose 20% of its value in a single day - the biggest one-day decline for the company since October 1987. Other notable detractors included Schlumberger, an oil-field services company, and Corning, a leading maker of specialty glass and ceramics.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 3.3 | 2.6 |
Exxon Mobil Corp. | 2.7 | 2.6 |
Microsoft Corp. | 1.6 | 1.5 |
IBM Corp. | 1.5 | 1.5 |
Chevron Corp. | 1.4 | 1.4 |
General Electric Co. | 1.3 | 1.3 |
Procter & Gamble Co. | 1.2 | 1.3 |
AT&T, Inc. | 1.2 | 1.2 |
Johnson & Johnson | 1.2 | 1.3 |
Pfizer, Inc. | 1.1 | 1.1 |
| 16.5 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Information Technology | 19.2 | 17.9 |
Financials | 15.2 | 15.1 |
Consumer Discretionary | 11.8 | 11.4 |
Health Care | 11.3 | 11.7 |
Energy | 11.1 | 11.3 |
Industrials | 11.0 | 10.7 |
Consumer Staples | 9.3 | 9.7 |
Materials | 4.0 | 4.2 |
Utilities | 3.4 | 3.7 |
Telecommunication Services | 2.5 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 11.8% | |||
Auto Components - 0.4% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 49,377 | $ 562,404 | |
Amerigon, Inc. (a)(d) | 16,405 | 241,482 | |
BorgWarner, Inc. (a)(d) | 82,983 | 6,874,312 | |
Cooper Tire & Rubber Co. | 41,865 | 694,959 | |
Dana Holding Corp. | 106,956 | 1,711,296 | |
Dorman Products, Inc. (a) | 7,023 | 318,914 | |
Drew Industries, Inc. (a)(d) | 13,918 | 381,353 | |
Exide Technologies (a)(d) | 48,227 | 143,234 | |
Federal-Mogul Corp. Class A (a) | 43,356 | 746,157 | |
Fuel Systems Solutions, Inc. (a) | 11,625 | 301,088 | |
Gentex Corp. (d) | 109,863 | 2,598,260 | |
Johnson Controls, Inc. | 551,254 | 17,987,418 | |
Lear Corp. | 77,108 | 3,486,053 | |
Modine Manufacturing Co. (a) | 32,309 | 293,366 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 62,931 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 7,089 | 6,557 | |
Spartan Motors, Inc. | 29,995 | 171,271 | |
Standard Motor Products, Inc. | 17,952 | 407,869 | |
Stoneridge, Inc. (a) | 17,302 | 167,310 | |
Strattec Security Corp. | 672 | 15,301 | |
Superior Industries International, Inc. (d) | 24,943 | 450,969 | |
Tenneco, Inc. (a)(d) | 43,438 | 1,672,363 | |
The Goodyear Tire & Rubber Co. (a) | 174,336 | 2,241,961 | |
Tower International, Inc. (a) | 4,070 | 51,852 | |
TRW Automotive Holdings Corp. (a)(d) | 77,357 | 3,538,309 | |
UQM Technologies, Inc. (a)(d) | 14,381 | 23,010 | |
Visteon Corp. (a) | 38,157 | 2,049,794 | |
| 47,199,793 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,061,154 | 37,897,087 | |
General Motors Co. (a)(d) | 502,574 | 13,076,975 | |
Harley-Davidson, Inc. | 177,195 | 8,253,743 | |
Tesla Motors, Inc. (a)(d) | 44,292 | 1,479,796 | |
Thor Industries, Inc. (d) | 34,954 | 1,138,452 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 203,974 | |
| 62,050,027 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 6,212 | 248,977 | |
Genuine Parts Co. | 141,853 | 8,891,346 | |
LKQ Corp. (a) | 107,839 | 3,435,751 | |
Pool Corp. (d) | 41,433 | 1,508,161 | |
VOXX International Corp. (a) | 18,073 | 231,154 | |
Weyco Group, Inc. | 1,992 | 46,493 | |
| 14,361,882 | ||
Diversified Consumer Services - 0.3% | |||
American Public Education, Inc. (a)(d) | 16,975 | 664,741 | |
Apollo Group, Inc. Class A (non-vtg.) (a) | 108,948 | 4,645,543 | |
Archipelago Learning, Inc. (a) | 7,369 | 67,353 | |
| |||
Shares | Value | ||
Ascent Capital Group, Inc. (a)(d) | 15,290 | $ 752,880 | |
Bridgepoint Education, Inc. (a)(d) | 10,994 | 267,814 | |
Capella Education Co. (a)(d) | 13,090 | 507,892 | |
Career Education Corp. (a) | 44,821 | 386,357 | |
Carriage Services, Inc. | 4,102 | 24,571 | |
Coinstar, Inc. (a)(d) | 21,619 | 1,258,874 | |
Collectors Universe, Inc. | 4,772 | 72,773 | |
Corinthian Colleges, Inc. (a)(d) | 84,173 | 377,937 | |
DeVry, Inc. | 44,629 | 1,585,668 | |
Education Management Corp. (a) | 26,671 | 481,945 | |
Grand Canyon Education, Inc. (a) | 21,711 | 371,475 | |
H&R Block, Inc. | 266,520 | 4,344,276 | |
Hillenbrand, Inc. | 60,464 | 1,388,858 | |
ITT Educational Services, Inc. (a)(d) | 23,503 | 1,613,246 | |
K12, Inc. (a)(d) | 24,400 | 526,064 | |
Learning Tree International, Inc. (a) | 3,285 | 19,020 | |
Lincoln Educational Services Corp. | 15,671 | 132,577 | |
Mac-Gray Corp. | 7,087 | 98,793 | |
Matthews International Corp. Class A | 22,471 | 697,050 | |
National American University Holdings, Inc. | 5,378 | 37,162 | |
Princeton Review, Inc. (a) | 14,908 | 1,643 | |
Regis Corp. | 37,626 | 651,306 | |
School Specialty, Inc. (a)(d) | 13,358 | 42,746 | |
Service Corp. International (d) | 202,046 | 2,291,202 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,334,514 | |
Steiner Leisure Ltd. (a) | 10,649 | 532,876 | |
Stewart Enterprises, Inc. Class A | 55,722 | 346,591 | |
Strayer Education, Inc. (d) | 14,558 | 1,497,945 | |
Universal Technical Institute, Inc. | 29,419 | 382,153 | |
Weight Watchers International, Inc. | 25,755 | 2,008,375 | |
| 30,412,220 | ||
Hotels, Restaurants & Leisure - 2.2% | |||
AFC Enterprises, Inc. (a) | 18,286 | 292,393 | |
Ambassadors Group, Inc. | 20,059 | 105,711 | |
Ameristar Casinos, Inc. | 18,903 | 375,036 | |
Bally Technologies, Inc. (a) | 38,305 | 1,644,817 | |
Benihana, Inc. | 2,149 | 22,328 | |
Biglari Holdings, Inc. (a) | 607 | 249,180 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 1,079,689 | |
Bluegreen Corp. (a) | 11,189 | 35,133 | |
Bob Evans Farms, Inc. | 27,901 | 1,026,757 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 398,786 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 240,055 | |
Brinker International, Inc. | 62,217 | 1,716,567 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,194,859 | |
Caesars Entertainment Corp. | 1,145 | 12,961 | |
Caribou Coffee Co., Inc. (a)(d) | 18,083 | 299,816 | |
Carnival Corp. unit | 312,157 | 9,455,236 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 75,806 | |
CEC Entertainment, Inc. (d) | 20,553 | 784,302 | |
Chipotle Mexican Grill, Inc. (a)(d) | 25,363 | 9,897,150 | |
Choice Hotels International, Inc. (d) | 41,734 | 1,567,946 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Churchill Downs, Inc. | 10,397 | $ 542,723 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,035,518 | |
Darden Restaurants, Inc. (d) | 97,411 | 4,966,987 | |
Denny's Corp. (a)(d) | 71,197 | 295,468 | |
DineEquity, Inc. (a) | 12,829 | 684,812 | |
Domino's Pizza, Inc. (a)(d) | 54,176 | 2,083,609 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,619 | |
Dover Motorsports, Inc. (a) | 9,993 | 13,191 | |
Dunkin' Brands Group, Inc. (a) | 38,382 | 1,114,613 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 53,272 | |
Empire Resorts, Inc. (a) | 4,429 | 12,933 | |
Famous Dave's of America, Inc. (a) | 2,311 | 25,236 | |
Gaylord Entertainment Co. (a)(d) | 27,271 | 811,585 | |
Great Wolf Resorts, Inc. (a) | 11,425 | 46,271 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,147,316 | |
International Game Technology | 238,801 | 3,586,791 | |
International Speedway Corp. Class A (d) | 20,854 | 524,687 | |
Interval Leisure Group, Inc. (a) | 29,497 | 397,915 | |
Isle of Capri Casinos, Inc. (a)(d) | 20,657 | 131,172 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,005,015 | |
Jamba, Inc. (a)(d) | 95,683 | 202,848 | |
Kona Grill, Inc. (a) | 4,029 | 21,676 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 47,141 | 385,613 | |
Lakes Entertainment, Inc. (a) | 2,872 | 5,629 | |
Las Vegas Sands Corp. | 300,298 | 16,699,572 | |
Life Time Fitness, Inc. (a)(d) | 28,392 | 1,404,552 | |
Luby's, Inc. (a)(d) | 14,614 | 72,485 | |
Marcus Corp. | 22,859 | 275,451 | |
Marriott International, Inc. Class A (d) | 237,684 | 8,385,492 | |
Marriott Vacations Worldwide Corp. | 23,385 | 582,988 | |
McDonald's Corp. | 826,668 | 82,071,599 | |
MGM Mirage, Inc. (a)(d) | 250,383 | 3,447,774 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 50,325 | |
Morgans Hotel Group Co. (a) | 27,678 | 141,988 | |
MTR Gaming Group, Inc. (a) | 5,748 | 20,635 | |
Multimedia Games Holdng Co., Inc. (a) | 20,726 | 212,027 | |
O'Charleys, Inc. (a)(d) | 10,158 | 100,666 | |
Orient Express Hotels Ltd. Class A (a)(d) | 63,690 | 629,894 | |
P.F. Chang's China Bistro, Inc. (d) | 18,729 | 717,695 | |
Panera Bread Co. Class A (a) | 26,570 | 4,107,191 | |
Papa John's International, Inc. (a)(d) | 19,260 | 715,702 | |
Peet's Coffee & Tea, Inc. (a)(d) | 15,145 | 975,187 | |
Penn National Gaming, Inc. (a) | 50,336 | 2,141,797 | |
Pinnacle Entertainment, Inc. (a) | 61,922 | 681,761 | |
Premier Exhibitions, Inc. (a) | 1,375 | 3,369 | |
Red Lion Hotels Corp. (a) | 3,129 | 24,062 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 727,393 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 53,824 | |
Royal Caribbean Cruises Ltd. | 102,343 | 2,915,752 | |
| |||
Shares | Value | ||
Ruby Tuesday, Inc. (a)(d) | 44,363 | $ 345,144 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 211,297 | |
Scientific Games Corp. Class A (a) | 45,645 | 479,729 | |
Shuffle Master, Inc. (a) | 42,130 | 615,098 | |
Six Flags Entertainment Corp. | 40,264 | 1,822,349 | |
Sonic Corp. (a) | 98,965 | 817,451 | |
Speedway Motorsports, Inc. | 7,569 | 117,471 | |
Starbucks Corp. | 593,530 | 28,821,817 | |
Starwood Hotels & Resorts Worldwide, Inc. | 164,349 | 8,858,411 | |
Texas Roadhouse, Inc. Class A | 57,171 | 956,471 | |
The Cheesecake Factory, Inc. (a)(d) | 34,878 | 1,033,784 | |
Town Sports International Holdings, Inc. (a) | 13,107 | 135,002 | |
Vail Resorts, Inc. (d) | 24,951 | 1,050,437 | |
Wendy's Co. | 250,660 | 1,270,846 | |
WMS Industries, Inc. (a) | 38,370 | 845,291 | |
Wyndham Worldwide Corp. | 137,748 | 6,059,535 | |
Wynn Resorts Ltd. | 66,112 | 7,836,916 | |
Yum! Brands, Inc. | 377,002 | 24,972,612 | |
| 263,981,869 | ||
Household Durables - 0.4% | |||
American Greetings Corp. Class A (d) | 30,155 | 452,325 | |
Bassett Furniture Industries, Inc. | 1,847 | 15,330 | |
Beazer Homes USA, Inc. (a)(d) | 77,365 | 241,379 | |
Blyth, Inc. (d) | 8,019 | 511,612 | |
Brookfield Residential Properties, Inc. (a) | 18,869 | 196,765 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,468 | |
Cobra Electronics Corp. (a) | 1,032 | 4,541 | |
CSS Industries, Inc. | 12,944 | 253,702 | |
D.R. Horton, Inc. | 195,548 | 2,804,158 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 48,160 | |
Ethan Allen Interiors, Inc. | 19,507 | 492,552 | |
Flexsteel Industries, Inc. | 2,547 | 43,554 | |
Furniture Brands International, Inc. (a) | 37,283 | 59,653 | |
Garmin Ltd. | 86,587 | 4,086,041 | |
Harman International Industries, Inc. | 71,938 | 3,534,314 | |
Helen of Troy Ltd. (a)(d) | 25,644 | 833,430 | |
Hooker Furniture Corp. | 12,895 | 154,869 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 261,523 | 724,419 | |
iRobot Corp. (a) | 21,633 | 552,074 | |
Jarden Corp. (d) | 66,002 | 2,327,891 | |
KB Home (d) | 56,985 | 650,769 | |
Kid Brands, Inc. (a) | 16,651 | 49,786 | |
Koss Corp. | 2,669 | 14,866 | |
La-Z-Boy, Inc. (a)(d) | 34,909 | 498,850 | |
Leggett & Platt, Inc. | 100,406 | 2,272,188 | |
Lennar Corp. Class A (d) | 117,519 | 2,747,594 | |
Libbey, Inc. (a)(d) | 16,641 | 208,845 | |
Lifetime Brands, Inc. | 2,385 | 27,857 | |
M.D.C. Holdings, Inc. | 25,191 | 619,195 | |
M/I Homes, Inc. (a)(d) | 24,871 | 301,188 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Meritage Homes Corp. (a)(d) | 26,992 | $ 698,823 | |
Mohawk Industries, Inc. (a) | 39,595 | 2,514,678 | |
Newell Rubbermaid, Inc. | 216,340 | 3,959,022 | |
NVR, Inc. (a)(d) | 4,152 | 2,873,184 | |
PulteGroup, Inc. (a)(d) | 265,604 | 2,342,627 | |
Ryland Group, Inc. | 32,303 | 585,653 | |
Sealy Corp., Inc. (a)(d) | 37,146 | 63,891 | |
Skullcandy, Inc. (a)(d) | 12,653 | 178,660 | |
Skyline Corp. (d) | 21,741 | 175,015 | |
Standard Pacific Corp. (a)(d) | 98,412 | 431,045 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 19,263 | |
Tempur-Pedic International, Inc. (a)(d) | 57,648 | 4,554,192 | |
Toll Brothers, Inc. (a)(d) | 105,058 | 2,464,661 | |
Tupperware Brands Corp. | 43,005 | 2,695,983 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,334 | |
Whirlpool Corp. | 56,428 | 4,264,264 | |
Zagg, Inc. (a)(d) | 21,268 | 223,314 | |
| 53,507,726 | ||
Internet & Catalog Retail - 0.8% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 66,082 | |
Amazon.com, Inc. (a)(d) | 282,977 | 50,848,137 | |
Blue Nile, Inc. (a)(d) | 11,337 | 404,164 | |
dELiA*s, Inc. (a) | 2,977 | 3,156 | |
Expedia, Inc. | 75,256 | 2,562,467 | |
Gaiam, Inc. Class A (a) | 12,609 | 45,645 | |
Geeknet, Inc. (a) | 1,180 | 17,122 | |
Groupon, Inc. Class A (a)(d) | 27,415 | 540,487 | |
Hollywood Media Corp. (a) | 1,032 | 1,146 | |
HomeAway, Inc. (d) | 22,951 | 607,742 | |
HSN, Inc. | 29,532 | 1,097,409 | |
Liberty Media Corp. Interactive Series A (a) | 513,952 | 9,641,740 | |
Netflix, Inc. (a) | 39,072 | 4,326,443 | |
NutriSystem, Inc. | 26,922 | 303,411 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 112,317 | |
Overstock.com, Inc. (a)(d) | 14,467 | 92,010 | |
PetMed Express, Inc. | 32,292 | 393,317 | |
Priceline.com, Inc. (a) | 41,099 | 25,769,895 | |
Shutterfly, Inc. (a)(d) | 21,444 | 586,708 | |
TripAdvisor, Inc. (a) | 75,256 | 2,425,501 | |
U.S. Auto Parts Network, Inc. (a) | 5,048 | 24,483 | |
ValueVision Media, Inc. Class A (a) | 18,644 | 32,068 | |
Vitacost.com, Inc. (a) | 15,384 | 125,072 | |
| 100,026,522 | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a) | 18,718 | 688,448 | |
Black Diamond, Inc. (a) | 20,004 | 165,633 | |
Brunswick Corp. (d) | 68,451 | 1,636,663 | |
Callaway Golf Co. | 77,147 | 505,313 | |
Hasbro, Inc. | 86,466 | 3,053,979 | |
| |||
Shares | Value | ||
JAKKS Pacific, Inc. | 23,770 | $ 369,148 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 57,622 | |
Leapfrog Enterprises, Inc. Class A (a) | 33,741 | 237,199 | |
Marine Products Corp. | 11,741 | 73,029 | |
Mattel, Inc. | 298,569 | 9,685,578 | |
Meade Instruments Corp. (a) | 112 | 371 | |
Nautilus, Inc. (a) | 5,159 | 14,342 | |
Polaris Industries, Inc. | 56,100 | 3,705,966 | |
Smith & Wesson Holding Corp. (a) | 91,237 | 477,170 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 115,315 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,020,142 | |
Summer Infant, Inc. (a) | 32,605 | 195,304 | |
| 22,001,222 | ||
Media - 3.1% | |||
A.H. Belo Corp. Class A | 22,177 | 104,675 | |
AMC Networks, Inc. Class A | 47,269 | 2,145,540 | |
Arbitron, Inc. (d) | 18,967 | 634,256 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 88,203 | |
Belo Corp. Series A (d) | 87,121 | 624,658 | |
Cablevision Systems Corp. - NY Group Class A | 169,025 | 2,405,226 | |
Carmike Cinemas, Inc. (a)(d) | 21,753 | 163,800 | |
CBS Corp. Class B | 537,459 | 16,070,024 | |
Charter Communications, Inc. Class A (a) | 31,792 | 2,015,931 | |
Cinemark Holdings, Inc. | 62,073 | 1,298,567 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 544,163 | |
Comcast Corp. Class A | 2,191,483 | 64,385,771 | |
Crown Media Holdings, Inc. Class A (a)(d) | 24,979 | 31,973 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 236,641 | |
Dex One Corp. (a) | 48,569 | 84,996 | |
Digital Generation, Inc. (a)(d) | 26,444 | 264,440 | |
DIRECTV (a) | 602,724 | 27,918,176 | |
Discovery Communications, Inc. (a)(d) | 207,237 | 9,667,606 | |
DISH Network Corp. Class A | 161,315 | 4,705,559 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 47,533 | 820,420 | |
E.W. Scripps Co. Class A (a) | 24,274 | 231,088 | |
Emmis Communications Corp. Class A (a) | 7,973 | 5,820 | |
Entercom Communications Corp. Class A (a) | 21,235 | 148,645 | |
Entravision Communication Corp. Class A | 55,710 | 92,479 | |
Fisher Communications, Inc. (a) | 2,670 | 76,549 | |
Gannett Co., Inc. | 170,648 | 2,532,416 | |
Gray Television, Inc. (a) | 7,475 | 15,399 | |
Harris Interactive, Inc. (a) | 5,389 | 4,688 | |
Harte-Hanks, Inc. | 45,482 | 397,513 | |
Insignia Systems, Inc. | 5,038 | 10,781 | |
Interpublic Group of Companies, Inc. | 356,851 | 4,182,294 | |
John Wiley & Sons, Inc. Class A | 36,984 | 1,679,074 | |
Journal Communications, Inc. Class A (a) | 19,668 | 93,423 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Knology, Inc. (a) | 52,466 | $ 935,469 | |
Lamar Advertising Co. Class A (a)(d) | 40,510 | 1,324,677 | |
Liberty Global, Inc. Class A (a) | 225,788 | 11,330,042 | |
Liberty Media Corp. Capital Series A (a) | 90,172 | 8,105,561 | |
LIN TV Corp. Class A (a) | 36,007 | 148,349 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,253,680 | |
LodgeNet Entertainment Corp. (a)(d) | 35,253 | 120,213 | |
Madison Square Garden Co. Class A (a) | 41,476 | 1,321,011 | |
Martha Stewart Living Omnimedia, Inc. Class A | 39,255 | 176,648 | |
McGraw-Hill Companies, Inc. | 231,759 | 10,786,064 | |
Media General, Inc. Class A (a)(d) | 21,745 | 122,859 | |
Meredith Corp. (d) | 29,133 | 958,476 | |
Morningstar, Inc. | 20,110 | 1,203,986 | |
National CineMedia, Inc. | 40,280 | 640,855 | |
Navarre Corp. (a) | 5,954 | 10,122 | |
New Frontier Media, Inc. (a) | 5,133 | 6,314 | |
News Corp. Class A | 1,849,783 | 36,755,188 | |
Nexstar Broadcasting Group, Inc. Class A (a) | 2,664 | 21,978 | |
Omnicom Group, Inc. | 236,408 | 11,688,012 | |
Outdoor Channel Holdings, Inc. | 3,578 | 25,225 | |
Pandora Media, Inc. | 47,948 | 626,201 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 31,043 | |
ReachLocal, Inc. (a) | 5,194 | 40,513 | |
Regal Entertainment Group Class A | 55,158 | 762,284 | |
Rentrak Corp. (a)(d) | 4,521 | 93,946 | |
Saga Communications, Inc. Class A (a) | 201 | 7,542 | |
Salem Communications Corp. Class A (a) | 1,732 | 4,555 | |
Scholastic Corp. | 17,229 | 526,691 | |
Scripps Networks Interactive, Inc. Class A | 65,856 | 2,976,691 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 427,302 | |
Sirius XM Radio, Inc. (a)(d) | 2,910,962 | 6,578,774 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 3,043 | |
SuperMedia, Inc. (a)(d) | 19,383 | 55,242 | |
The McClatchy Co. Class A (a)(d) | 36,929 | 93,800 | |
The New York Times Co. Class A (a)(d) | 86,508 | 570,088 | |
The Walt Disney Co. | 1,395,945 | 58,615,731 | |
Time Warner Cable, Inc. | 256,081 | 20,317,467 | |
Time Warner, Inc. | 813,203 | 30,259,284 | |
Valassis Communications, Inc. (a)(d) | 33,863 | 845,898 | |
Viacom, Inc. Class B (non-vtg.) | 439,392 | 20,923,847 | |
Virgin Media, Inc. | 250,243 | 6,306,124 | |
Washington Post Co. Class B (d) | 3,668 | 1,444,825 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 404,993 | |
| 382,531,407 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a) | 53,063 | 2,326,813 | |
Dillard's, Inc. Class A | 32,687 | 1,998,483 | |
| |||
Shares | Value | ||
Dollar General Corp. (a) | 100,000 | $ 4,206,000 | |
Dollar Tree, Inc. (a) | 104,600 | 9,258,146 | |
Family Dollar Stores, Inc. | 93,448 | 5,045,258 | |
Fred's, Inc. Class A | 41,012 | 568,016 | |
Gordmans Stores, Inc. (a) | 4,621 | 70,101 | |
JCPenney Co., Inc. (d) | 118,147 | 4,678,621 | |
Kohl's Corp. | 200,742 | 9,972,863 | |
Macy's, Inc. | 332,684 | 12,632,011 | |
Nordstrom, Inc. | 125,044 | 6,704,859 | |
Saks, Inc. (a)(d) | 100,086 | 1,166,002 | |
Sears Holdings Corp. (a)(d) | 33,101 | 2,305,816 | |
Target Corp. | 493,763 | 27,991,424 | |
The Bon-Ton Stores, Inc. (d) | 35,903 | 172,334 | |
Tuesday Morning Corp. (a) | 26,882 | 92,205 | |
| 89,188,952 | ||
Specialty Retail - 2.3% | |||
Aarons, Inc. Class A | 52,315 | 1,461,681 | |
Abercrombie & Fitch Co. Class A (d) | 65,044 | 2,978,365 | |
Advance Auto Parts, Inc. (d) | 56,386 | 4,813,673 | |
Aeropostale, Inc. (a)(d) | 64,770 | 1,163,917 | |
America's Car Mart, Inc. (a)(d) | 10,422 | 464,925 | |
American Eagle Outfitters, Inc. | 147,326 | 2,142,120 | |
ANN, Inc. (a) | 46,918 | 1,120,871 | |
Asbury Automotive Group, Inc. (a)(d) | 22,455 | 582,258 | |
Ascena Retail Group, Inc. (a) | 45,390 | 1,752,054 | |
AutoNation, Inc. (a)(d) | 41,064 | 1,399,461 | |
AutoZone, Inc. (a) | 25,418 | 9,518,533 | |
Barnes & Noble, Inc. (a)(d) | 28,244 | 375,928 | |
bebe Stores, Inc. | 66,951 | 599,881 | |
Bed Bath & Beyond, Inc. (a)(d) | 191,161 | 11,419,958 | |
Best Buy Co., Inc. (d) | 235,305 | 5,812,034 | |
Big 5 Sporting Goods Corp. | 16,237 | 126,486 | |
Body Central Corp. (a) | 19,422 | 540,708 | |
Books-A-Million, Inc. (d) | 4,414 | 11,565 | |
Brown Shoe Co., Inc. | 39,452 | 425,293 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 22,067 | |
Cabela's, Inc. Class A (a)(d) | 35,549 | 1,261,279 | |
Cache, Inc. (a) | 2,880 | 17,942 | |
CarMax, Inc. (a)(d) | 168,519 | 5,171,848 | |
Casual Male Retail Group, Inc. (a)(d) | 14,093 | 44,393 | |
Charming Shoppes, Inc. (a)(d) | 68,622 | 387,714 | |
Chico's FAS, Inc. | 126,827 | 1,903,673 | |
Christopher & Banks Corp. | 18,173 | 38,890 | |
Citi Trends, Inc. (a)(d) | 14,433 | 156,454 | |
Coldwater Creek, Inc. (a) | 52,942 | 49,765 | |
Collective Brands, Inc. (a) | 44,911 | 809,296 | |
Conn's, Inc. (a) | 7,800 | 103,428 | |
Cost Plus, Inc. (a)(d) | 9,618 | 126,381 | |
Destination Maternity Corp. | 9,860 | 177,283 | |
Dick's Sporting Goods, Inc. (d) | 70,000 | 3,133,200 | |
DSW, Inc. Class A (d) | 21,867 | 1,233,299 | |
Express, Inc. (a) | 55,952 | 1,331,658 | |
Finish Line, Inc. Class A | 36,835 | 846,837 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Foot Locker, Inc. (d) | 110,785 | $ 3,231,598 | |
Francescas Holdings Corp. (a) | 17,371 | 398,664 | |
GameStop Corp. Class A (d) | 106,346 | 2,422,562 | |
Gap, Inc. (d) | 219,692 | 5,132,005 | |
Genesco, Inc. (a)(d) | 19,944 | 1,358,984 | |
GNC Holdings, Inc. | 32,604 | 1,055,391 | |
Group 1 Automotive, Inc. | 17,193 | 886,643 | |
Guess?, Inc. (d) | 45,871 | 1,589,430 | |
Haverty Furniture Companies, Inc. | 22,550 | 248,050 | |
hhgregg, Inc. (a)(d) | 15,184 | 173,553 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,112,682 | |
Home Depot, Inc. | 1,241,845 | 59,074,567 | |
Hot Topic, Inc. (d) | 51,429 | 458,747 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 18,868 | 971,513 | |
Kirkland's, Inc. (a) | 10,699 | 170,649 | |
Limited Brands, Inc. | 212,274 | 9,877,109 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 20,666 | 487,924 | |
Lowe's Companies, Inc. | 1,010,000 | 28,663,800 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 21,619 | 473,240 | |
MarineMax, Inc. (a)(d) | 10,125 | 81,810 | |
Midas, Inc. (a) | 17,343 | 158,342 | |
Monro Muffler Brake, Inc. | 28,456 | 1,305,277 | |
New York & Co., Inc. (a) | 19,427 | 50,704 | |
O'Reilly Automotive, Inc. (a) | 100,461 | 8,689,877 | |
Office Depot, Inc. (a)(d) | 201,295 | 664,274 | |
OfficeMax, Inc. (a)(d) | 62,318 | 348,981 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 126,252 | |
Penske Automotive Group, Inc. (d) | 33,321 | 802,370 | |
Perfumania Holdings, Inc. (a) | 876 | 8,769 | |
PetSmart, Inc. (d) | 105,988 | 5,907,771 | |
Pier 1 Imports, Inc. (a)(d) | 84,654 | 1,453,509 | |
RadioShack Corp. | 82,121 | 582,238 | |
Rent-A-Center, Inc. (d) | 45,857 | 1,624,255 | |
Ross Stores, Inc. | 181,478 | 9,678,222 | |
rue21, Inc. (a) | 10,092 | 269,255 | |
Sally Beauty Holdings, Inc. (a) | 112,253 | 2,671,621 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,492,165 | |
Shoe Carnival, Inc. (a) | 3,572 | 93,515 | |
Signet Jewelers Ltd. | 64,202 | 3,011,074 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (d) | 32,657 | 559,414 | |
Stage Stores, Inc. | 23,252 | 347,617 | |
Staples, Inc. (d) | 578,690 | 8,483,595 | |
Stein Mart, Inc. (a) | 16,975 | 121,711 | |
Systemax, Inc. (a)(d) | 6,560 | 126,608 | |
Talbots, Inc. (a) | 34,649 | 102,561 | |
Teavana Holdings, Inc. (a)(d) | 5,562 | 130,429 | |
The Buckle, Inc. | 18,518 | 831,829 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 840,003 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 937,809 | |
| |||
Shares | Value | ||
The Men's Wearhouse, Inc. | 38,499 | $ 1,491,066 | |
The Pep Boys - Manny, Moe & Jack (d) | 62,793 | 944,407 | |
Tiffany & Co., Inc. | 113,656 | 7,388,777 | |
TJX Companies, Inc. | 621,248 | 22,743,889 | |
Tractor Supply Co. | 58,000 | 4,957,260 | |
Trans World Entertainment Corp. (a) | 2,977 | 6,966 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 36,000 | 2,996,640 | |
Urban Outfitters, Inc. (a)(d) | 92,367 | 2,622,299 | |
Vitamin Shoppe, Inc. (a)(d) | 18,626 | 790,301 | |
West Marine, Inc. (a) | 3,285 | 34,821 | |
Wet Seal, Inc. Class A (a)(d) | 66,930 | 234,255 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,255,640 | |
Winmark Corp. | 391 | 22,627 | |
Zale Corp. (a) | 22,527 | 72,312 | |
Zumiez, Inc. (a) | 17,893 | 562,198 | |
| 280,937,544 | ||
Textiles, Apparel & Luxury Goods - 0.8% | |||
American Apparel, Inc. (a) | 29,392 | 22,338 | |
Carter's, Inc. (a)(d) | 38,101 | 1,850,566 | |
Cherokee, Inc. | 14,744 | 166,165 | |
Coach, Inc. | 229,797 | 17,198,007 | |
Columbia Sportswear Co. (d) | 9,939 | 496,254 | |
Crocs, Inc. (a)(d) | 69,757 | 1,370,725 | |
Culp, Inc. (a) | 7,038 | 73,547 | |
Deckers Outdoor Corp. (a)(d) | 30,415 | 2,273,825 | |
Delta Apparel, Inc. (a) | 1,905 | 31,223 | |
Fossil, Inc. (a)(d) | 40,759 | 4,971,783 | |
G-III Apparel Group Ltd. (a)(d) | 9,815 | 244,590 | |
Hallwood Group, Inc. (a) | 605 | 7,442 | |
Hanesbrands, Inc. (a)(d) | 68,808 | 1,976,854 | |
Iconix Brand Group, Inc. (a)(d) | 52,215 | 948,224 | |
Joe's Jeans, Inc. (a) | 32,503 | 27,790 | |
K-Swiss, Inc. Class A (a)(d) | 23,242 | 77,396 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 13,384 | 209,995 | |
Lacrosse Footwear, Inc. | 810 | 10,360 | |
Liz Claiborne, Inc. (a)(d) | 79,525 | 777,755 | |
Maidenform Brands, Inc. (a) | 18,000 | 378,000 | |
Michael Kors Holdings Ltd. | 41,224 | 1,782,938 | |
Movado Group, Inc. | 12,323 | 263,712 | |
NIKE, Inc. Class B | 303,000 | 32,699,760 | |
Oxford Industries, Inc. | 8,687 | 437,825 | |
Perry Ellis International, Inc. (a)(d) | 7,954 | 138,638 | |
PVH Corp. | 48,056 | 4,085,241 | |
Quiksilver, Inc. (a) | 80,002 | 374,409 | |
R.G. Barry Corp. | 2,683 | 37,508 | |
Ralph Lauren Corp. | 48,000 | 8,339,040 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 26,486 | 338,226 | |
Steven Madden Ltd. (a)(d) | 32,649 | 1,409,784 | |
Superior Uniform Group, Inc. | 859 | 10,720 | |
The Jones Group, Inc. | 62,712 | 617,713 | |
True Religion Apparel, Inc. (a) | 26,399 | 696,142 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Under Armour, Inc. Class A (sub. vtg.) (a) | 27,400 | $ 2,445,176 | |
Unifi, Inc. (a) | 18,843 | 156,208 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 600,485 | |
VF Corp. | 71,637 | 10,462,584 | |
Warnaco Group, Inc. (a)(d) | 50,511 | 2,965,501 | |
Wolverine World Wide, Inc. (d) | 34,429 | 1,313,122 | |
| 102,287,571 | ||
TOTAL CONSUMER DISCRETIONARY | 1,448,486,735 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 2.0% | |||
Beam, Inc. | 134,223 | 7,393,003 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 730,734 | |
Brown-Forman Corp. Class B (non-vtg.) | 80,869 | 6,602,954 | |
Central European Distribution Corp. (a)(d) | 104,154 | 454,111 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 199,377 | |
Coca-Cola Enterprises, Inc. | 237,534 | 6,864,733 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 160,834 | 3,512,615 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 36,925 | |
Dr Pepper Snapple Group, Inc. | 184,807 | 7,031,906 | |
Jones Soda Co. (a) | 15,000 | 7,500 | |
MGP Ingredients, Inc. | 4,299 | 25,966 | |
Molson Coors Brewing Co. Class B | 123,862 | 5,442,496 | |
Monster Beverage Corp. (a) | 117,204 | 6,702,897 | |
National Beverage Corp. | 7,694 | 123,181 | |
PepsiCo, Inc. | 1,244,846 | 78,350,607 | |
Primo Water Corp. (a) | 8,907 | 23,693 | |
The Coca-Cola Co. | 1,673,532 | 116,912,946 | |
| 240,415,644 | ||
Food & Staples Retailing - 1.9% | |||
Andersons, Inc. (d) | 16,533 | 712,407 | |
Arden Group, Inc. Class A | 86 | 7,700 | |
Casey's General Stores, Inc. | 29,040 | 1,487,719 | |
Chefs' Warehouse Holdings (a) | 6,997 | 146,937 | |
Costco Wholesale Corp. | 345,917 | 29,769,617 | |
Crumbs Bake Shop, Inc. (a) | 5,760 | 21,658 | |
CVS Caremark Corp. | 1,080,716 | 48,740,292 | |
Fresh Market, Inc. (a) | 21,393 | 963,113 | |
Ingles Markets, Inc. Class A | 14,662 | 262,010 | |
Kroger Co. | 454,411 | 10,810,438 | |
Nash-Finch Co. (d) | 11,468 | 307,457 | |
PriceSmart, Inc. | 12,950 | 836,959 | |
Rite Aid Corp. (a) | 488,242 | 751,893 | |
Roundy's, Inc. | 8,260 | 82,600 | |
Ruddick Corp. | 32,261 | 1,321,411 | |
Safeway, Inc. (d) | 256,994 | 5,512,521 | |
Spartan Stores, Inc. (d) | 24,920 | 444,573 | |
| |||
Shares | Value | ||
SUPERVALU, Inc. (d) | 144,357 | $ 942,651 | |
Susser Holdings Corp. (a) | 14,504 | 367,531 | |
Sysco Corp. | 467,941 | 13,766,824 | |
The Pantry, Inc. (a)(d) | 24,320 | 302,298 | |
United Natural Foods, Inc. (a)(d) | 43,201 | 1,966,510 | |
Village Super Market, Inc. Class A | 3,352 | 100,862 | |
Wal-Mart Stores, Inc. | 1,420,000 | 83,893,600 | |
Walgreen Co. | 720,814 | 23,902,192 | |
Weis Markets, Inc. | 8,067 | 345,752 | |
Whole Foods Market, Inc. (d) | 118,372 | 9,557,355 | |
Winn-Dixie Stores, Inc. (a)(d) | 64,909 | 615,337 | |
| 237,940,217 | ||
Food Products - 1.7% | |||
Alico, Inc. | 172 | 4,001 | |
Archer Daniels Midland Co. | 508,690 | 15,871,128 | |
B&G Foods, Inc. Class A (d) | 31,304 | 728,757 | |
Bridgford Foods Corp. (a) | 344 | 2,986 | |
Bunge Ltd. | 116,141 | 7,818,612 | |
Cal-Maine Foods, Inc. | 14,807 | 570,070 | |
Calavo Growers, Inc. | 6,680 | 183,700 | |
Campbell Soup Co. (d) | 177,820 | 5,924,962 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 294,960 | |
Coffee Holding Co., Inc. | 3,401 | 26,868 | |
ConAgra Foods, Inc. | 319,463 | 8,385,904 | |
Corn Products International, Inc. | 54,809 | 3,143,296 | |
Darling International, Inc. (a)(d) | 84,068 | 1,344,247 | |
Dean Foods Co. (a) | 123,257 | 1,511,131 | |
Diamond Foods, Inc. (d) | 18,346 | 438,836 | |
Dole Food Co., Inc. (a)(d) | 21,106 | 202,195 | |
Farmer Brothers Co. | 3,100 | 34,317 | |
Flowers Foods, Inc. | 97,053 | 1,857,594 | |
Fresh Del Monte Produce, Inc. | 29,950 | 672,677 | |
General Mills, Inc. | 489,731 | 18,761,595 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 100,000 | 6,497,000 | |
H.J. Heinz Co. (d) | 263,879 | 13,909,062 | |
Hain Celestial Group, Inc. (a)(d) | 37,478 | 1,530,602 | |
Hershey Co. (d) | 139,801 | 8,485,921 | |
Hormel Foods Corp. | 107,713 | 3,066,589 | |
Imperial Sugar Co. (d) | 14,457 | 83,128 | |
J&J Snack Foods Corp. | 10,285 | 515,998 | |
John B. Sanfilippo & Son, Inc. (a) | 2,548 | 27,264 | |
Kellogg Co. | 206,669 | 10,819,122 | |
Kraft Foods, Inc. Class A | 1,312,836 | 49,979,667 | |
Lancaster Colony Corp. | 17,892 | 1,166,022 | |
McCormick & Co., Inc. (non-vtg.) | 101,330 | 5,112,099 | |
Mead Johnson Nutrition Co. Class A | 173,455 | 13,486,126 | |
Omega Protein Corp. (a) | 32,056 | 264,783 | |
Pilgrims Pride Corp. (d) | 23,854 | 149,565 | |
Pilgrims Pride Corp. rights 3/1/12 (a) | 30,088 | 11,035 | |
Post Holdings, Inc. (a) | 19,173 | 597,047 | |
Ralcorp Holdings, Inc. (a) | 38,347 | 2,860,686 | |
Sanderson Farms, Inc. | 16,208 | 797,434 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Sara Lee Corp. | 451,262 | $ 9,138,056 | |
Seneca Foods Corp. Class A (a) | 7,029 | 180,083 | |
Smart Balance, Inc. (a) | 45,561 | 272,910 | |
Smithfield Foods, Inc. (a)(d) | 112,502 | 2,635,922 | |
Snyders-Lance, Inc. | 43,541 | 977,495 | |
The J.M. Smucker Co. | 85,628 | 6,449,501 | |
Tootsie Roll Industries, Inc. (d) | 17,168 | 399,156 | |
TreeHouse Foods, Inc. (a)(d) | 29,752 | 1,713,715 | |
Tyson Foods, Inc. Class A | 218,213 | 4,126,408 | |
| 213,030,232 | ||
Household Products - 1.8% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 332,213 | |
Church & Dwight Co., Inc. (d) | 119,008 | 5,681,442 | |
Clorox Co. | 100,862 | 6,819,280 | |
Colgate-Palmolive Co. (d) | 360,000 | 33,544,800 | |
Energizer Holdings, Inc. (a)(d) | 53,405 | 4,082,812 | |
Harbinger Group, Inc. (a) | 756 | 3,447 | |
Kimberly-Clark Corp. | 311,479 | 22,700,590 | |
Oil-Dri Corp. of America | 644 | 13,389 | |
Orchids Paper Products Co. | 612 | 10,955 | |
Procter & Gamble Co. | 2,204,967 | 148,879,372 | |
Spectrum Brands Holdings, Inc. (a) | 17,958 | 510,366 | |
WD-40 Co. | 17,410 | 750,023 | |
| 223,328,689 | ||
Personal Products - 0.3% | |||
Avon Products, Inc. | 349,895 | 6,539,538 | |
Elizabeth Arden, Inc. (a)(d) | 17,715 | 658,112 | |
Estee Lauder Companies, Inc. Class A | 198,684 | 11,630,961 | |
Herbalife Ltd. | 86,338 | 5,716,439 | |
Inter Parfums, Inc. | 14,485 | 244,362 | |
Mannatech, Inc. (a) | 599 | 2,336 | |
MediFast, Inc. (a)(d) | 10,225 | 165,952 | |
Nature's Sunshine Products, Inc. (a) | 2,859 | 42,170 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 3,109,279 | |
Nutraceutical International Corp. (a) | 2,650 | 34,503 | |
Prestige Brands Holdings, Inc. (a) | 29,892 | 493,218 | |
Revlon, Inc. (a) | 13,966 | 211,725 | |
Schiff Nutrition International, Inc. (a)(d) | 11,821 | 131,922 | |
The Female Health Co. | 4,862 | 23,921 | |
USANA Health Sciences, Inc. (a)(d) | 10,334 | 383,391 | |
| 29,387,829 | ||
Tobacco - 1.6% | |||
Alliance One International, Inc. (a)(d) | 89,449 | 330,067 | |
Altria Group, Inc. | 1,679,474 | 50,552,167 | |
Lorillard, Inc. | 110,571 | 14,493,647 | |
Philip Morris International, Inc. | 1,403,953 | 117,258,155 | |
Reynolds American, Inc. | 282,694 | 11,853,359 | |
Star Scientific, Inc. (a)(d) | 64,344 | 241,290 | |
| |||
Shares | Value | ||
Universal Corp. | 22,476 | $ 1,032,547 | |
Vector Group Ltd. (d) | 25,200 | 457,380 | |
| 196,218,612 | ||
TOTAL CONSUMER STAPLES | 1,140,321,223 | ||
ENERGY - 11.1% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 71,156 | 3,384,179 | |
Baker Hughes, Inc. | 353,994 | 17,798,818 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 618,699 | |
Bolt Technology Corp. | 1,626 | 22,406 | |
Bristow Group, Inc. | 25,621 | 1,209,567 | |
C&J Energy Services, Inc. (d) | 9,114 | 185,196 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 227,221 | |
Cameron International Corp. (a)(d) | 182,754 | 10,181,225 | |
Carbo Ceramics, Inc. (d) | 15,710 | 1,439,822 | |
Dawson Geophysical Co. (a) | 7,871 | 298,232 | |
Diamond Offshore Drilling, Inc. (d) | 64,380 | 4,408,099 | |
Dresser-Rand Group, Inc. (a)(d) | 57,305 | 3,009,659 | |
Dril-Quip, Inc. (a)(d) | 25,155 | 1,760,598 | |
ENGlobal Corp. (a) | 5,637 | 12,965 | |
Exterran Holdings, Inc. (a)(d) | 43,308 | 623,635 | |
FMC Technologies, Inc. (a)(d) | 183,330 | 9,245,332 | |
Geokinetics, Inc. (a) | 3,794 | 7,550 | |
Global Geophysical Services, Inc. (a) | 18,062 | 194,708 | |
Gulf Island Fabrication, Inc. (d) | 10,744 | 314,907 | |
Gulfmark Offshore, Inc. Class A (a) | 20,706 | 1,040,269 | |
Halliburton Co. | 735,826 | 26,923,873 | |
Helix Energy Solutions Group, Inc. (a)(d) | 73,132 | 1,407,060 | |
Helmerich & Payne, Inc. (d) | 72,146 | 4,422,550 | |
Hercules Offshore, Inc. (a) | 133,946 | 680,446 | |
Hornbeck Offshore Services, Inc. (a) | 24,578 | 1,001,554 | |
ION Geophysical Corp. (a)(d) | 95,187 | 681,539 | |
Key Energy Services, Inc. (a)(d) | 103,489 | 1,765,522 | |
Lufkin Industries, Inc. | 23,923 | 1,905,228 | |
Matrix Service Co. (a) | 19,340 | 256,062 | |
McDermott International, Inc. (a) | 177,047 | 2,312,234 | |
Mitcham Industries, Inc. (a) | 8,347 | 195,069 | |
Nabors Industries Ltd. (a) | 221,501 | 4,824,292 | |
National Oilwell Varco, Inc. | 344,829 | 28,458,737 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 302,212 | |
Newpark Resources, Inc. (a)(d) | 85,435 | 672,373 | |
Noble Corp. (d) | 237,885 | 9,558,219 | |
Oceaneering International, Inc. | 84,562 | 4,589,180 | |
Oil States International, Inc. (a)(d) | 36,506 | 2,965,017 | |
OYO Geospace Corp. (a)(d) | 6,500 | 715,325 | |
Parker Drilling Co. (a)(d) | 122,844 | 777,603 | |
Patterson-UTI Energy, Inc. | 122,546 | 2,379,843 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 406,132 | |
Pioneer Drilling Co. (a) | 46,756 | 465,690 | |
RigNet, Inc. (a) | 15,376 | 261,392 | |
Rowan Companies, Inc. (a) | 91,863 | 3,386,989 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
RPC, Inc. (d) | 43,642 | $ 698,708 | |
Schlumberger Ltd. | 1,075,278 | 83,452,326 | |
SEACOR Holdings, Inc. (a) | 15,683 | 1,550,735 | |
Superior Energy Services, Inc. (a) | 113,113 | 3,318,735 | |
Tesco Corp. (a)(d) | 25,016 | 383,245 | |
TETRA Technologies, Inc. (a) | 50,020 | 454,682 | |
TGC Industries, Inc. (a) | 2,598 | 26,344 | |
Tidewater, Inc. | 35,470 | 2,110,465 | |
Union Drilling, Inc. (a)(d) | 13,180 | 88,833 | |
Unit Corp. (a)(d) | 34,938 | 1,662,001 | |
Weatherford International Ltd. (a) | 645,319 | 10,312,198 | |
Willbros Group, Inc. (a) | 33,113 | 139,075 | |
| 261,494,575 | ||
Oil, Gas & Consumable Fuels - 9.0% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 506,540 | |
Alon USA Energy, Inc. | 9,432 | 88,661 | |
Alpha Natural Resources, Inc. (a) | 175,427 | 3,255,925 | |
Amyris, Inc. (a)(d) | 28,043 | 150,871 | |
Anadarko Petroleum Corp. | 390,202 | 32,823,792 | |
Apache Corp. | 308,807 | 33,329,540 | |
APCO Oil and Gas International, Inc. (d) | 5,546 | 416,948 | |
Approach Resources, Inc. (a) | 13,537 | 467,839 | |
Arch Coal, Inc. | 156,559 | 2,124,506 | |
ATP Oil & Gas Corp. (a)(d) | 43,659 | 349,272 | |
Barnwell Industries, Inc. (a) | 2,847 | 8,029 | |
Berry Petroleum Co. Class A | 38,847 | 2,096,184 | |
Bill Barrett Corp. (a)(d) | 29,806 | 871,229 | |
Bonanza Creek Energy, Inc. | 8,119 | 151,013 | |
BPZ Energy, Inc. (a) | 134,116 | 430,512 | |
Cabot Oil & Gas Corp. | 160,706 | 5,605,425 | |
Callon Petroleum Co. (a) | 31,499 | 222,383 | |
Carrizo Oil & Gas, Inc. (a)(d) | 24,378 | 686,728 | |
Cheniere Energy, Inc. (a) | 68,292 | 1,027,112 | |
Chesapeake Energy Corp. (d) | 523,796 | 13,094,900 | |
Chevron Corp. | 1,600,537 | 174,650,597 | |
Cimarex Energy Co. (d) | 62,545 | 5,045,505 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 685,066 | |
Clean Energy Fuels Corp. (a)(d) | 33,840 | 635,854 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 967,264 | |
Cobalt International Energy, Inc. (a)(d) | 125,251 | 3,765,045 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 520,911 | |
Concho Resources, Inc. (a)(d) | 78,728 | 8,411,300 | |
ConocoPhillips | 985,485 | 75,438,877 | |
CONSOL Energy, Inc. (d) | 196,571 | 7,041,173 | |
Contango Oil & Gas Co. (a)(d) | 16,222 | 1,031,395 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,205,667 | |
Crimson Exploration, Inc. (a) | 12,416 | 38,614 | |
Crosstex Energy, Inc. (d) | 45,920 | 630,482 | |
CVR Energy, Inc. (a)(d) | 64,562 | 1,756,732 | |
Delek US Holdings, Inc. | 32,818 | 433,526 | |
Denbury Resources, Inc. (a)(d) | 301,228 | 5,997,449 | |
| |||
Shares | Value | ||
Devon Energy Corp. | 315,153 | $ 23,103,866 | |
DHT Holdings, Inc. | 59,972 | 66,569 | |
Double Eagle Petroleum Co. (a) | 1,282 | 8,705 | |
El Paso Corp. | 620,823 | 17,265,088 | |
Endeavour International Corp. (a)(d) | 23,917 | 276,720 | |
Energen Corp. | 50,746 | 2,701,210 | |
Energy Partners Ltd. (a) | 15,481 | 263,796 | |
EOG Resources, Inc. | 219,656 | 25,010,032 | |
EQT Corp. | 123,622 | 6,554,438 | |
Evolution Petroleum Corp. (a) | 6,950 | 64,496 | |
EXCO Resources, Inc. (d) | 115,116 | 820,777 | |
Exxon Mobil Corp. | 3,837,132 | 331,911,918 | |
Forest Oil Corp. (a)(d) | 81,222 | 1,050,200 | |
FX Energy, Inc. (a)(d) | 35,252 | 223,145 | |
Gasco Energy, Inc. (a) | 97,844 | 28,375 | |
Gastar Exploration Ltd. (a) | 36,342 | 104,302 | |
Georesources, Inc. (a) | 13,181 | 422,319 | |
Gevo, Inc. (a)(d) | 11,229 | 112,402 | |
GMX Resources, Inc. (a)(d) | 74,770 | 131,595 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 531,090 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 161,057 | |
Gulfport Energy Corp. (a)(d) | 37,953 | 1,275,980 | |
Halcon Resources Corp. (a)(d) | 3,619 | 39,773 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 220,221 | |
Hess Corp. | 252,487 | 16,391,456 | |
HKN, Inc. (a) | 104 | 241 | |
HollyFrontier Corp. | 153,818 | 5,019,081 | |
Houston American Energy Corp. (a)(d) | 10,835 | 117,451 | |
Hyperdynamics Corp. (a)(d) | 125,930 | 171,265 | |
James River Coal Co. (a)(d) | 31,067 | 178,014 | |
Kinder Morgan Holding Co. LLC (d) | 105,230 | 3,708,305 | |
KiOR, Inc. Class A (d) | 6,909 | 60,108 | |
Kodiak Oil & Gas Corp. (a) | 185,027 | 1,792,912 | |
Laredo Petroleum Holdings, Inc. | 14,587 | 370,072 | |
Lucas Energy, Inc. (a)(d) | 9,400 | 27,542 | |
Magellan Petroleum Corp. (a) | 35,895 | 45,587 | |
Magnum Hunter Resources Corp. (d) | 70,308 | 486,531 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 0 | |
Marathon Oil Corp. | 590,579 | 20,014,722 | |
Marathon Petroleum Corp. | 293,451 | 12,192,889 | |
Matador Resources Co. | 10,890 | 129,155 | |
McMoRan Exploration Co. (a)(d) | 160,744 | 2,250,416 | |
Miller Energy Resources, Inc. (a)(d) | 6,846 | 28,753 | |
Murphy Oil Corp. | 146,942 | 9,395,471 | |
Newfield Exploration Co. (a) | 99,791 | 3,592,476 | |
Noble Energy, Inc. | 151,272 | 14,771,711 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 1,070,103 | |
Oasis Petroleum, Inc. (a) | 46,478 | 1,490,549 | |
Occidental Petroleum Corp. | 647,508 | 67,580,410 | |
Overseas Shipholding Group, Inc. (d) | 23,729 | 210,002 | |
Pacific Ethanol, Inc. (a)(d) | 12,492 | 15,365 | |
Panhandle Royalty Co. Class A | 6,335 | 184,665 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Patriot Coal Corp. (a)(d) | 69,937 | $ 505,645 | |
Peabody Energy Corp. | 230,827 | 8,051,246 | |
Penn Virginia Corp. | 41,256 | 201,742 | |
Petroleum Development Corp. (a)(d) | 22,646 | 736,901 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 432,783 | |
Pioneer Natural Resources Co. (d) | 90,370 | 9,908,167 | |
Plains Exploration & Production Co. (a) | 139,377 | 6,142,344 | |
QEP Resources, Inc. | 129,536 | 4,422,359 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 518,356 | |
Range Resources Corp. | 123,664 | 7,874,924 | |
Recovery Energy, Inc. (a) | 5,171 | 21,408 | |
Renewable Energy Group, Inc. | 5,623 | 53,812 | |
Rentech, Inc. (a) | 169,556 | 301,810 | |
Resolute Energy Corp. (a) | 29,689 | 331,329 | |
Rex American Resources Corp. (a) | 3,020 | 92,623 | |
Rex Energy Corp. (a) | 32,188 | 370,162 | |
Rosetta Resources, Inc. (a)(d) | 38,625 | 1,971,420 | |
Royale Energy, Inc. (a)(d) | 5,368 | 33,121 | |
Sanchez Energy Corp. | 7,390 | 176,843 | |
SandRidge Energy, Inc. (a)(d) | 276,761 | 2,399,518 | |
Saratoga Resources, Inc. (a) | 12,254 | 81,489 | |
SemGroup Corp. Class A (a) | 25,511 | 723,747 | |
Ship Finance International Ltd. (NY Shares) (d) | 31,210 | 428,513 | |
SM Energy Co. | 62,332 | 4,906,775 | |
SMF Energy Corp. | 4,165 | 15,119 | |
Solazyme, Inc. (d) | 17,729 | 244,306 | |
Southern Union Co. | 86,373 | 3,795,230 | |
Southwestern Energy Co. (a)(d) | 311,067 | 10,283,875 | |
Spectra Energy Corp. | 539,426 | 16,927,188 | |
Stone Energy Corp. (a)(d) | 34,932 | 1,116,077 | |
Sunoco, Inc. | 85,182 | 3,290,581 | |
Swift Energy Co. (a)(d) | 28,396 | 852,732 | |
Synergy Resources Corp. (a) | 19,735 | 67,888 | |
Syntroleum Corp. (a)(d) | 24,702 | 30,630 | |
Targa Resources Corp. | 22,682 | 1,007,761 | |
Teekay Corp. (d) | 33,173 | 955,382 | |
Tesoro Corp. (a)(d) | 104,321 | 2,767,636 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 3,573,823 | |
Uranium Energy Corp. (a)(d) | 54,945 | 206,044 | |
Uranium Resources, Inc. (a)(d) | 182,289 | 174,997 | |
USEC, Inc. (a)(d) | 83,065 | 111,307 | |
Vaalco Energy, Inc. (a)(d) | 68,248 | 538,477 | |
Valero Energy Corp. (d) | 446,841 | 10,943,136 | |
Venoco, Inc. (a) | 17,373 | 189,366 | |
Verenium Corp. (a) | 522 | 1,472 | |
Voyager Oil & Gas, Inc. (a) | 11,615 | 37,633 | |
W&T Offshore, Inc. | 37,319 | 942,305 | |
Warren Resources, Inc. (a)(d) | 48,923 | 190,800 | |
Western Refining, Inc. | 40,348 | 732,316 | |
Westmoreland Coal Co. (a) | 6,050 | 63,586 | |
| |||
Shares | Value | ||
Whiting Petroleum Corp. (a)(d) | 87,846 | $ 5,151,289 | |
Williams Companies, Inc. | 481,586 | 14,389,790 | |
World Fuel Services Corp. (d) | 48,766 | 2,031,592 | |
WPX Energy, Inc. | 146,535 | 2,661,076 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 76,166 | |
Zion Oil & Gas, Inc. (a) | 8,166 | 22,293 | |
| 1,097,685,102 | ||
TOTAL ENERGY | 1,359,179,677 | ||
FINANCIALS - 15.2% | |||
Capital Markets - 1.8% | |||
Affiliated Managers Group, Inc. (a) | 37,232 | 3,961,112 | |
Ameriprise Financial, Inc. | 181,426 | 10,116,314 | |
Arlington Asset Investment Corp. | 9,211 | 212,774 | |
Artio Global Investors, Inc. Class A (d) | 27,717 | 132,764 | |
Bank of New York Mellon Corp. | 999,669 | 22,102,682 | |
BGC Partners, Inc. Class A | 92,324 | 649,038 | |
BlackRock, Inc. Class A | 81,680 | 16,254,320 | |
Calamos Asset Management, Inc. Class A | 22,184 | 271,976 | |
Charles Schwab Corp. | 880,911 | 12,227,045 | |
CIFI Corp. (a) | 3,896 | 20,415 | |
Cohen & Steers, Inc. (d) | 17,375 | 572,333 | |
Cowen Group, Inc. Class A (a) | 80,174 | 224,487 | |
Diamond Hill Investment Group, Inc. | 308 | 23,359 | |
Duff & Phelps Corp. Class A | 16,165 | 222,430 | |
E*TRADE Financial Corp. (a) | 185,916 | 1,790,371 | |
Eaton Vance Corp. (non-vtg.) (d) | 83,276 | 2,399,182 | |
Edelman Financial Group, Inc. | 24,098 | 161,457 | |
Epoch Holding Corp. (d) | 7,185 | 179,266 | |
Evercore Partners, Inc. Class A | 15,573 | 423,430 | |
FBR Capital Markets Corp. (a) | 45,886 | 115,633 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 71,651 | 1,468,129 | |
Financial Engines, Inc. (a)(d) | 27,286 | 628,942 | |
Franklin Resources, Inc. | 126,452 | 14,907,426 | |
FXCM, Inc. Class A (d) | 35,893 | 339,548 | |
GAMCO Investors, Inc. Class A | 6,083 | 280,487 | |
GFI Group, Inc. | 69,449 | 266,684 | |
Gleacher & Co., Inc. (a) | 36,175 | 54,986 | |
Goldman Sachs Group, Inc. | 338,852 | 39,015,419 | |
Greenhill & Co., Inc. | 20,317 | 893,135 | |
HFF, Inc. (a) | 19,976 | 287,854 | |
ICG Group, Inc. (a) | 32,808 | 284,445 | |
Institutional Financial Markets, Inc. | 6,881 | 10,459 | |
INTL FCStone, Inc. (a)(d) | 11,151 | 252,570 | |
Invesco Ltd. | 388,589 | 9,625,350 | |
Investment Technology Group, Inc. (a)(d) | 30,988 | 356,362 | |
Janus Capital Group, Inc. (d) | 134,316 | 1,184,667 | |
Jefferies Group, Inc. | 106,987 | 1,788,823 | |
JMP Group, Inc. | 11,989 | 85,362 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
KBW, Inc. | 24,195 | $ 399,943 | |
Knight Capital Group, Inc. Class A (a)(d) | 70,305 | 931,541 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 32,105 | 65,173 | |
Legg Mason, Inc. | 140,686 | 3,853,390 | |
LPL Investment Holdings, Inc. (a) | 22,392 | 763,567 | |
Medallion Financial Corp. | 4,309 | 47,184 | |
Morgan Stanley | 1,105,371 | 20,493,578 | |
Northern Trust Corp. | 166,504 | 7,394,443 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 114,569 | |
Penson Worldwide, Inc. (a)(d) | 19,665 | 25,171 | |
Piper Jaffray Companies (a)(d) | 20,940 | 514,705 | |
Raymond James Financial, Inc. | 71,252 | 2,520,183 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 452,258 | |
SEI Investments Co. | 105,344 | 2,080,544 | |
State Street Corp. | 409,637 | 17,298,971 | |
Stifel Financial Corp. (a)(d) | 38,055 | 1,428,204 | |
SWS Group, Inc. | 24,189 | 135,217 | |
T. Rowe Price Group, Inc. | 196,242 | 12,086,545 | |
TD Ameritrade Holding Corp. | 169,026 | 3,155,715 | |
Teton Advisors, Inc. (a) | 106 | 1,643 | |
U.S. Global Investments, Inc. Class A | 7,637 | 56,514 | |
Virtus Investment Partners, Inc. (a) | 3,888 | 309,252 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,210,620 | |
Walter Investment Management Corp. | 18,710 | 381,310 | |
Westwood Holdings Group, Inc. | 1,868 | 72,366 | |
WisdomTree Investments, Inc. (a) | 49,507 | 350,510 | |
| 220,934,152 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. (d) | 8,597 | 211,056 | |
1st United Bancorp, Inc. (a) | 20,464 | 120,738 | |
ACNB Corp. | 3,789 | 54,221 | |
Alliance Financial Corp. | 3,879 | 114,508 | |
American National Bankshares, Inc. | 2,748 | 58,395 | |
Ameris Bancorp (a)(d) | 20,460 | 235,699 | |
Ames National Corp. | 1,209 | 26,175 | |
Arrow Financial Corp. | 12,653 | 304,431 | |
Associated Banc-Corp. | 127,560 | 1,688,894 | |
BancFirst Corp. | 10,611 | 434,308 | |
Bancorp, Inc., Delaware (a) | 16,751 | 139,368 | |
BancorpSouth, Inc. | 61,827 | 732,032 | |
BancTrust Financial Group, Inc. (a) | 4,197 | 5,456 | |
Bank of Hawaii Corp. | 62,564 | 2,877,944 | |
Bank of Kentucky Financial Corp. | 1,699 | 42,186 | |
Bank of Marin Bancorp | 2,794 | 98,265 | |
Bank of the James Financial Group, Inc. (a) | 600 | 3,096 | |
Bank of the Ozarks, Inc. | 37,486 | 1,100,214 | |
Banner Bank | 13,068 | 269,331 | |
Bar Harbor Bankshares | 2,686 | 82,057 | |
| |||
Shares | Value | ||
BB&T Corp. | 568,836 | $ 16,638,453 | |
BBCN Bancorp, Inc. (a) | 52,596 | 539,109 | |
BCB Bancorp, Inc. (d) | 2,814 | 29,406 | |
BOK Financial Corp. | 36,579 | 1,963,561 | |
Boston Private Financial Holdings, Inc. (d) | 49,884 | 475,395 | |
Bridge Bancorp, Inc. | 540 | 10,832 | |
Bridge Capital Holdings (a) | 1,107 | 13,350 | |
Bryn Mawr Bank Corp. | 7,755 | 152,463 | |
BSB Bancorp, Inc. | 6,958 | 78,417 | |
Camden National Corp. | 1,850 | 65,398 | |
Capital City Bank Group, Inc. | 7,146 | 56,239 | |
CapitalSource, Inc. | 236,039 | 1,593,263 | |
Cardinal Financial Corp. | 11,113 | 119,465 | |
Cascade Bancorp (a)(d) | 4,186 | 24,279 | |
Cathay General Bancorp | 74,072 | 1,210,336 | |
Center Bancorp, Inc. | 6,904 | 66,347 | |
Centerstate Banks of Florida, Inc. | 6,387 | 44,709 | |
Central Pacific Financial Corp. (a)(d) | 20,164 | 279,070 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 16,985 | |
Chemical Financial Corp. | 26,904 | 593,502 | |
CIT Group, Inc. (a) | 177,243 | 7,215,563 | |
Citizens & Northern Corp. | 8,777 | 174,662 | |
Citizens Republic Bancorp, Inc. (a) | 26,148 | 357,966 | |
City Holding Co. | 22,173 | 759,869 | |
City National Corp. (d) | 34,413 | 1,617,411 | |
CNB Financial Corp., Pennsylvania | 6,683 | 103,587 | |
CoBiz, Inc. | 39,972 | 233,037 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 630,587 | |
Comerica, Inc. | 150,887 | 4,479,835 | |
Commerce Bancshares, Inc. | 62,562 | 2,415,519 | |
Community Bank System, Inc. | 29,335 | 801,432 | |
Community Trust Bancorp, Inc. | 13,652 | 421,028 | |
Cullen/Frost Bankers, Inc. | 42,764 | 2,415,311 | |
CVB Financial Corp. | 75,043 | 808,213 | |
Eagle Bancorp, Inc., Maryland (a) | 8,538 | 132,424 | |
East West Bancorp, Inc. | 159,291 | 3,523,517 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 2,430 | |
Encore Bancshares, Inc. (a) | 960 | 13,920 | |
Enterprise Bancorp, Inc. | 803 | 12,728 | |
Enterprise Financial Services Corp. | 12,168 | 141,149 | |
Farmers National Banc Corp. | 14,652 | 82,051 | |
Fidelity Southern Corp. | 3,191 | 20,422 | |
Fifth Third Bancorp | 789,319 | 10,742,632 | |
Financial Institutions, Inc. | 12,700 | 207,772 | |
First Bancorp, North Carolina | 9,193 | 91,930 | |
First Bancorp, Puerto Rico (a)(d) | 31,060 | 120,202 | |
First Busey Corp. | 50,381 | 243,844 | |
First Citizen Bancshares, Inc. | 4,653 | 819,626 | |
First Commonwealth Financial Corp. (d) | 74,665 | 447,243 | |
First Community Bancshares, Inc. | 8,561 | 106,156 | |
First Connecticut Bancorp, Inc. | 11,897 | 153,471 | |
First Financial Bancorp, Ohio | 41,951 | 686,738 | |
First Financial Bankshares, Inc. (d) | 36,100 | 1,236,786 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Financial Corp., Indiana (d) | 8,837 | $ 282,696 | |
First Financial Service Corp. (a) | 2,521 | 7,815 | |
First Horizon National Corp. | 177,392 | 1,667,485 | |
First Interstate Bancsystem, Inc. | 16,000 | 217,600 | |
First M&F Corp. | 2,170 | 8,376 | |
First Merchants Corp. | 25,012 | 277,133 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 968,520 | |
First Niagara Financial Group, Inc. | 246,667 | 2,358,137 | |
First of Long Island Corp. | 1,768 | 45,862 | |
First Republic Bank (a) | 55,175 | 1,654,698 | |
First United Corp. (a) | 3,018 | 16,358 | |
FirstMerit Corp. | 79,130 | 1,270,037 | |
FNB Corp., Pennsylvania | 105,430 | 1,243,020 | |
FNB United Corp. (a)(d) | 490 | 7,335 | |
Fulton Financial Corp. | 148,647 | 1,456,741 | |
German American Bancorp, Inc. | 4,623 | 90,518 | |
Glacier Bancorp, Inc. | 63,024 | 869,731 | |
Great Southern Bancorp, Inc. | 6,815 | 150,066 | |
Green Bankshares, Inc. (a) | 6,941 | 9,995 | |
Guaranty Bancorp (a) | 13,950 | 22,181 | |
Hampton Roads Bankshares, Inc. (a)(d) | 18,252 | 47,455 | |
Hancock Holding Co. | 65,414 | 2,220,805 | |
Hanmi Financial Corp. (a) | 26,311 | 228,116 | |
Hawthorn Bancshares, Inc. | 1,384 | 9,896 | |
Heartland Financial USA, Inc. | 6,878 | 108,191 | |
Heritage Commerce Corp. (a)(d) | 14,712 | 77,238 | |
Heritage Financial Corp., Washington (d) | 12,768 | 171,091 | |
Heritage Oaks Bancorp (a) | 3,340 | 13,527 | |
Home Bancshares, Inc. | 25,101 | 632,545 | |
Horizon Bancorp Industries | 471 | 8,290 | |
Hudson Valley Holding Corp. | 14,551 | 237,472 | |
Huntington Bancshares, Inc. | 649,123 | 3,794,124 | |
IBERIABANK Corp. (d) | 22,592 | 1,198,280 | |
Independent Bank Corp. (a)(d) | 1,144 | 1,773 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 713,228 | |
International Bancshares Corp. | 41,513 | 787,917 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 20,944 | |
Investors Bancorp, Inc. (a) | 48,601 | 706,173 | |
KeyCorp | 879,084 | 7,120,580 | |
Lakeland Bancorp, Inc. | 9,026 | 81,776 | |
Lakeland Financial Corp. | 13,545 | 341,605 | |
M&T Bank Corp. | 96,545 | 7,880,003 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 62,807 | |
MainSource Financial Group, Inc. | 13,271 | 134,568 | |
MB Financial, Inc. | 39,661 | 789,254 | |
MBT Financial Corp. (a) | 1,548 | 3,282 | |
Merchants Bancshares, Inc. | 4,373 | 121,788 | |
Metro Bancorp, Inc. (a) | 11,557 | 122,966 | |
Midsouth Bancorp, Inc. | 5,240 | 67,386 | |
National Bankshares, Inc. | 5,203 | 140,533 | |
| |||
Shares | Value | ||
National Penn Bancshares, Inc. (d) | 120,787 | $ 1,056,886 | |
NBT Bancorp, Inc. | 33,888 | 739,097 | |
NewBridge Bancorp (a) | 7,211 | 29,277 | |
North Valley Bancorp (a) | 849 | 8,881 | |
Northrim Bancorp, Inc. | 2,935 | 58,700 | |
Old National Bancorp, Indiana | 66,861 | 807,681 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 22,326 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 123,030 | |
Oriental Financial Group, Inc. (d) | 28,906 | 339,646 | |
Orrstown Financial Services, Inc. | 4,006 | 34,652 | |
Pacific Capital Bancorp NA (a) | 7,809 | 218,730 | |
Pacific Continental Corp. | 3,048 | 25,603 | |
Pacific Mercantile Bancorp (a) | 5,055 | 22,040 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 263 | |
PacWest Bancorp | 32,508 | 707,699 | |
Palmetto Bancshares, Inc. (a) | 315 | 1,733 | |
Park National Corp. (d) | 10,514 | 723,784 | |
Park Sterling Corp. (a) | 122 | 555 | |
Penns Woods Bancorp, Inc. | 306 | 11,931 | |
Peoples Bancorp, Inc. | 3,334 | 53,911 | |
Peoples Financial Corp., Mississippi | 2,667 | 25,897 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 498,224 | |
PNC Financial Services Group, Inc. | 426,140 | 25,363,853 | |
Popular, Inc. (a) | 781,463 | 1,484,780 | |
Preferred Bank, Los Angeles (a) | 1,131 | 11,423 | |
Premier Financial Bancorp, Inc. (a) | 115 | 702 | |
Princeton National Bancorp, Inc. (a)(d) | 2,541 | 4,167 | |
PrivateBancorp, Inc. | 59,931 | 869,000 | |
Prosperity Bancshares, Inc. | 34,532 | 1,510,430 | |
Regions Financial Corp. | 944,773 | 5,441,892 | |
Renasant Corp. | 22,516 | 341,568 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 474,422 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,564 | |
S&T Bancorp, Inc. | 32,238 | 683,768 | |
S.Y. Bancorp, Inc. | 6,551 | 142,484 | |
Sandy Spring Bancorp, Inc. | 13,803 | 249,282 | |
SCBT Financial Corp. | 10,493 | 324,968 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 47,416 | |
Shore Bancshares, Inc. | 2,958 | 18,251 | |
Sierra Bancorp | 3,618 | 33,286 | |
Signature Bank (a)(d) | 34,178 | 2,028,806 | |
Simmons First National Corp. Class A | 10,951 | 287,902 | |
Southside Bancshares, Inc. | 12,128 | 258,448 | |
Southwest Bancorp, Inc., Oklahoma (a) | 15,446 | 132,218 | |
State Bank Financial Corp. (a) | 21,939 | 356,289 | |
State Investors Bancorp, Inc. (a) | 2,013 | 22,425 | |
StellarOne Corp. | 11,962 | 139,118 | |
Sterling Bancorp, New York | 27,642 | 246,014 | |
Sterling Financial Corp., Washington (a) | 32,587 | 634,143 | |
Suffolk Bancorp (a) | 12,482 | 151,032 | |
Sun Bancorp, Inc., New Jersey (a) | 29,419 | 84,433 | |
SunTrust Banks, Inc. | 406,442 | 9,331,908 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,518,370 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
SVB Financial Group (a)(d) | 37,929 | $ 2,248,431 | |
Synovus Financial Corp. | 628,901 | 1,333,270 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 134,177 | |
TCF Financial Corp. (d) | 106,955 | 1,152,975 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,507,631 | |
The First Bancorp, Inc. | 2,896 | 43,440 | |
TIB Financial Corp. (a) | 215 | 2,322 | |
Tompkins Financial Corp. (d) | 6,090 | 250,299 | |
TowneBank (d) | 18,053 | 233,245 | |
Trico Bancshares | 12,062 | 195,404 | |
Trustmark Corp. | 54,904 | 1,294,636 | |
U.S. Bancorp | 1,544,556 | 45,409,946 | |
UMB Financial Corp. | 25,089 | 1,044,957 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,100,718 | |
Union/First Market Bankshares Corp. | 16,413 | 227,812 | |
United Bankshares, Inc., West Virginia | 35,646 | 1,043,715 | |
United Community Banks, Inc., Georgia (a) | 13,649 | 122,432 | |
Univest Corp. of Pennsylvania | 7,216 | 114,013 | |
Valley National Bancorp (d) | 175,665 | 2,197,569 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 315,437 | |
VIST Financial Corp. | 1,370 | 16,385 | |
Washington Banking Co., Oak Harbor | 5,615 | 71,254 | |
Washington Trust Bancorp, Inc. | 15,489 | 364,146 | |
Webster Financial Corp. (d) | 53,186 | 1,163,710 | |
Wellesley Bancorp, Inc. | 673 | 8,372 | |
Wells Fargo & Co. | 3,979,209 | 124,509,450 | |
WesBanco, Inc. | 18,333 | 357,494 | |
West Bancorp., Inc. | 1,202 | 11,575 | |
West Coast Bancorp (a) | 10,217 | 175,222 | |
Westamerica Bancorp. | 22,409 | 1,061,290 | |
Western Alliance Bancorp. (a)(d) | 48,403 | 394,000 | |
Wilshire Bancorp, Inc. (a)(d) | 41,540 | 180,284 | |
Wintrust Financial Corp. | 26,208 | 883,472 | |
Zions Bancorporation | 135,681 | 2,577,939 | |
| 363,709,861 | ||
Consumer Finance - 0.7% | |||
Advance America Cash Advance Centers, Inc. | 34,619 | 358,999 | |
American Express Co. | 815,889 | 43,152,369 | |
Capital One Financial Corp. | 380,834 | 19,270,200 | |
Cash America International, Inc. (d) | 21,391 | 992,115 | |
CompuCredit Holdings Corp. (a)(d) | 48,566 | 260,799 | |
Consumer Portfolio Services, Inc. (a) | 2,464 | 2,883 | |
Credit Acceptance Corp. (a)(d) | 6,852 | 659,574 | |
DFC Global Corp. (a) | 41,227 | 738,376 | |
Discover Financial Services | 420,798 | 12,628,148 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 32,709 | 1,030,334 | |
First Cash Financial Services, Inc. (a)(d) | 20,351 | 860,033 | |
First Marblehead Corp. (a)(d) | 51,880 | 63,294 | |
Green Dot Corp. Class A (a) | 12,869 | 410,907 | |
| |||
Shares | Value | ||
Imperial Holdings, Inc. (a) | 16,708 | $ 41,770 | |
Nelnet, Inc. Class A | 22,213 | 586,867 | |
Netspend Holdings, Inc. (a) | 44,711 | 384,962 | |
SLM Corp. | 416,481 | 6,563,741 | |
World Acceptance Corp. (a)(d) | 15,268 | 969,823 | |
| 88,975,194 | ||
Diversified Financial Services - 2.6% | |||
Bank of America Corp. | 8,108,250 | 64,622,753 | |
CBOE Holdings, Inc. | 65,601 | 1,808,620 | |
Citigroup, Inc. | 2,316,107 | 77,172,685 | |
CME Group, Inc. | 51,156 | 14,809,150 | |
FX Alliance, Inc. | 4,330 | 58,585 | |
Gain Capital Holdings, Inc. | 15,735 | 82,451 | |
Interactive Brokers Group, Inc. | 35,966 | 570,421 | |
IntercontinentalExchange, Inc. (a) | 65,579 | 9,047,279 | |
JPMorgan Chase & Co. | 3,041,884 | 119,363,528 | |
Leucadia National Corp. | 154,061 | 4,389,198 | |
Life Partners Holdings, Inc. | 18,668 | 79,339 | |
MarketAxess Holdings, Inc. | 22,779 | 754,440 | |
Marlin Business Services Corp. (d) | 11,576 | 181,743 | |
MicroFinancial, Inc. | 86 | 578 | |
Moody's Corp. | 166,293 | 6,420,573 | |
MSCI, Inc. Class A (a)(d) | 85,736 | 3,033,340 | |
NewStar Financial, Inc. (a) | 17,193 | 169,523 | |
NYSE Euronext | 203,024 | 6,044,024 | |
PHH Corp. (a) | 45,131 | 614,684 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 405,608 | |
Resource America, Inc. Class A | 2,362 | 14,054 | |
The NASDAQ Stock Market, Inc. (a) | 124,702 | 3,284,651 | |
Vector Capital Corp. rights | 4,280 | 0 | |
| 312,927,227 | ||
Insurance - 3.7% | |||
21st Century Holding Co. (a) | 1,278 | 4,256 | |
ACE Ltd. | 272,394 | 19,533,374 | |
AFLAC, Inc. | 366,712 | 17,327,142 | |
Alleghany Corp. (d) | 5,852 | 1,899,793 | |
Allied World Assurance Co. Holdings Ltd. | 28,043 | 1,849,997 | |
Allstate Corp. | 408,767 | 12,847,547 | |
American Equity Investment Life Holding Co. | 51,311 | 620,863 | |
American Financial Group, Inc. | 61,572 | 2,305,871 | |
American Independence Corp. (a) | 505 | 2,197 | |
American International Group, Inc. (a) | 368,556 | 10,769,206 | |
American National Insurance Co. | 10,418 | 751,138 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 51,191 | |
Amerisafe, Inc. (a) | 23,043 | 519,850 | |
Amtrust Financial Services, Inc. (d) | 23,804 | 642,946 | |
Aon Corp. | 246,387 | 11,533,375 | |
Arch Capital Group Ltd. (a) | 93,082 | 3,448,688 | |
Argo Group International Holdings, Ltd. | 29,792 | 889,291 | |
Arthur J. Gallagher & Co. (d) | 115,693 | 3,947,445 | |
Aspen Insurance Holdings Ltd. | 52,278 | 1,386,935 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Assurant, Inc. | 85,823 | $ 3,644,903 | |
Assured Guaranty Ltd. | 155,664 | 2,615,155 | |
Axis Capital Holdings Ltd. | 93,935 | 2,897,895 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 106,967 | |
Berkshire Hathaway, Inc. Class B (a) | 1,523,175 | 119,493,079 | |
Brown & Brown, Inc. | 82,279 | 1,944,253 | |
Cincinnati Financial Corp. | 112,154 | 3,944,456 | |
Citizens, Inc. Class A (a)(d) | 16,628 | 177,587 | |
CNA Financial Corp. | 21,776 | 614,301 | |
CNO Financial Group, Inc. (a) | 165,388 | 1,227,179 | |
Crawford & Co. Class B | 10,464 | 46,042 | |
Delphi Financial Group, Inc. Class A | 47,148 | 2,100,915 | |
Donegal Group, Inc. Class A | 3,439 | 47,355 | |
eHealth, Inc. (a)(d) | 26,343 | 395,935 | |
EMC Insurance Group | 5,050 | 106,404 | |
Employers Holdings, Inc. | 36,335 | 628,232 | |
Endurance Specialty Holdings Ltd. | 33,058 | 1,271,411 | |
Enstar Group Ltd. (a)(d) | 9,122 | 884,652 | |
Erie Indemnity Co. Class A | 23,329 | 1,775,570 | |
Everest Re Group Ltd. | 35,638 | 3,130,798 | |
FBL Financial Group, Inc. Class A | 12,986 | 441,134 | |
Fidelity National Financial, Inc. Class A | 160,871 | 2,776,633 | |
First Acceptance Corp. (a) | 4,055 | 5,880 | |
First American Financial Corp. | 99,791 | 1,536,781 | |
Flagstone Reinsurance Holdings Ltd. | 25,303 | 200,400 | |
Fortegra Financial Corp. (a) | 10,670 | 74,263 | |
Genworth Financial, Inc. Class A (a) | 360,009 | 3,272,482 | |
Global Indemnity PLC (a) | 13,709 | 262,253 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 401,834 | |
Hallmark Financial Services, Inc. (a) | 6,662 | 44,969 | |
Hanover Insurance Group, Inc. | 48,173 | 1,966,422 | |
Harleysville Group, Inc. (d) | 8,225 | 465,617 | |
Hartford Financial Services Group, Inc. | 337,025 | 6,979,788 | |
HCC Insurance Holdings, Inc. | 77,118 | 2,355,184 | |
Hilltop Holdings, Inc. (a) | 54,392 | 448,190 | |
Horace Mann Educators Corp. | 37,921 | 657,171 | |
Independence Holding Co. | 16,014 | 146,688 | |
Infinity Property & Casualty Corp. | 13,372 | 733,187 | |
Investors Title Co. | 1,086 | 49,065 | |
Kansas City Life Insurance Co. | 2,863 | 91,673 | |
Kemper Corp. | 35,842 | 1,025,798 | |
Lincoln National Corp. (d) | 231,248 | 5,744,200 | |
Loews Corp. | 301,087 | 11,784,545 | |
Maiden Holdings Ltd. | 73,970 | 639,841 | |
Markel Corp. (a) | 6,736 | 2,747,951 | |
Marsh & McLennan Companies, Inc. | 414,030 | 12,917,736 | |
MBIA, Inc. (a)(d) | 115,555 | 1,245,683 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 445,450 | |
Mercury General Corp. | 16,938 | 726,301 | |
MetLife, Inc. | 667,419 | 25,729,002 | |
| |||
Shares | Value | ||
Montpelier Re Holdings Ltd. | 62,043 | $ 1,070,242 | |
National Financial Partners Corp. (a)(d) | 38,246 | 583,634 | |
National Interstate Corp. | 2,286 | 55,207 | |
National Security Group, Inc. | 1,586 | 14,433 | |
National Western Life Insurance Co. Class A | 1,306 | 177,303 | |
Navigators Group, Inc. (a) | 15,156 | 712,484 | |
Old Republic International Corp. | 178,199 | 1,935,241 | |
OneBeacon Insurance Group Ltd. | 20,572 | 313,723 | |
PartnerRe Ltd. | 49,442 | 3,136,600 | |
Phoenix Companies, Inc. (a)(d) | 61,343 | 126,980 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,170,244 | |
Presidential Life Corp. | 17,026 | 184,221 | |
Primerica, Inc. | 37,863 | 947,332 | |
Principal Financial Group, Inc. | 266,275 | 7,365,167 | |
ProAssurance Corp. | 21,573 | 1,893,246 | |
Progressive Corp. | 507,847 | 10,878,083 | |
Protective Life Corp. (d) | 60,558 | 1,681,696 | |
Prudential Financial, Inc. | 388,075 | 23,734,667 | |
Reinsurance Group of America, Inc. | 67,424 | 3,888,342 | |
RenaissanceRe Holdings Ltd. | 38,496 | 2,770,172 | |
RLI Corp. | 13,036 | 913,302 | |
Safety Insurance Group, Inc. | 14,899 | 635,889 | |
SeaBright Insurance Holdings, Inc. | 38,085 | 311,535 | |
Selective Insurance Group, Inc. | 35,800 | 615,044 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,488,257 | |
State Auto Financial Corp. | 6,222 | 86,984 | |
Stewart Information Services Corp. | 21,434 | 281,643 | |
Symetra Financial Corp. | 63,181 | 628,019 | |
The Chubb Corp. | 225,559 | 15,328,990 | |
The Travelers Companies, Inc. | 336,375 | 19,499,659 | |
Torchmark Corp. (d) | 96,240 | 4,661,866 | |
Tower Group, Inc. | 33,224 | 765,813 | |
Transatlantic Holdings, Inc. | 44,643 | 2,705,366 | |
Unico American Corp. (a) | 3,526 | 38,257 | |
United Fire Group, Inc. | 20,054 | 402,885 | |
Universal Insurance Holdings, Inc. | 15,547 | 62,654 | |
Unum Group | 265,385 | 6,117,124 | |
Validus Holdings Ltd. | 48,925 | 1,491,723 | |
W.R. Berkley Corp. (d) | 93,123 | 3,329,147 | |
White Mountains Insurance Group Ltd. | 5,455 | 2,706,880 | |
XL Group PLC Class A | 291,212 | 6,057,210 | |
| 454,067,579 | ||
Real Estate Investment Trusts - 3.1% | |||
Acadia Realty Trust (SBI) (d) | 40,453 | 857,199 | |
AG Mortgage Investment Trust, Inc. (d) | 8,651 | 172,328 | |
Agree Realty Corp. | 17,794 | 427,056 | |
Alexanders, Inc. (d) | 2,559 | 971,013 | |
Alexandria Real Estate Equities, Inc. | 48,539 | 3,479,761 | |
American Assets Trust, Inc. | 30,756 | 661,869 | |
American Campus Communities, Inc. (d) | 50,695 | 2,086,099 | |
American Capital Agency Corp. | 159,714 | 4,904,817 | |
American Capital Mortgage Investment Corp. (d) | 6,160 | 132,810 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Tower Corp. | 302,714 | $ 18,943,842 | |
Annaly Capital Management, Inc. (d) | 759,339 | 12,620,214 | |
Anworth Mortgage Asset Corp. | 125,333 | 814,665 | |
Apartment Investment & Management Co. Class A | 79,559 | 1,976,246 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 343,880 | |
Arbor Realty Trust, Inc. (a) | 23,842 | 114,442 | |
Armour Residential REIT, Inc. | 96,013 | 678,812 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 589,914 | |
Associated Estates Realty Corp. (d) | 41,987 | 626,446 | |
AvalonBay Communities, Inc. (d) | 79,154 | 10,263,899 | |
BioMed Realty Trust, Inc. (d) | 115,007 | 2,118,429 | |
Boston Properties, Inc. | 110,386 | 11,209,698 | |
Brandywine Realty Trust (SBI) (d) | 116,242 | 1,256,576 | |
BRE Properties, Inc. | 50,669 | 2,453,900 | |
BRT Realty Trust (a) | 5,568 | 35,969 | |
Camden Property Trust (SBI) (d) | 53,660 | 3,326,920 | |
Campus Crest Communities, Inc. | 19,510 | 206,611 | |
Capital Trust, Inc. Class A (a) | 19,793 | 67,296 | |
CapLease, Inc. | 46,796 | 188,588 | |
Capstead Mortgage Corp. | 62,774 | 834,894 | |
CBL & Associates Properties, Inc. (d) | 105,320 | 1,856,792 | |
Cedar Shopping Centers, Inc. | 35,947 | 171,108 | |
Chatham Lodging Trust | 11,126 | 134,180 | |
Chesapeake Lodging Trust (d) | 21,838 | 385,004 | |
Chimera Investment Corp. | 1,176,306 | 3,611,259 | |
Cogdell Spencer, Inc. | 38,346 | 162,204 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,509,656 | |
Colony Financial, Inc. | 21,335 | 355,868 | |
CommonWealth REIT | 67,934 | 1,263,572 | |
Coresite Realty Corp. | 15,524 | 331,437 | |
Corporate Office Properties Trust (SBI) (d) | 60,016 | 1,471,592 | |
Cousins Properties, Inc. (d) | 85,536 | 632,111 | |
Crexus Investment Corp. | 50,256 | 560,354 | |
CubeSmart | 77,898 | 878,689 | |
Cys Investments, Inc. (d) | 81,827 | 1,110,392 | |
DCT Industrial Trust, Inc. (d) | 159,549 | 903,047 | |
DDR Corp. | 184,424 | 2,605,911 | |
DiamondRock Hospitality Co. (d) | 119,310 | 1,188,328 | |
Digital Realty Trust, Inc. | 76,725 | 5,562,563 | |
Douglas Emmett, Inc. | 89,730 | 1,890,611 | |
Duke Realty LP | 198,989 | 2,761,967 | |
DuPont Fabros Technology, Inc. (d) | 42,941 | 983,349 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,165,234 | |
Education Realty Trust, Inc. (d) | 62,872 | 646,324 | |
Entertainment Properties Trust (SBI) (d) | 60,495 | 2,752,523 | |
Equity Lifestyle Properties, Inc. (d) | 31,485 | 2,094,067 | |
Equity One, Inc. (d) | 40,590 | 772,022 | |
Equity Residential (SBI) | 234,055 | 13,315,389 | |
Essex Property Trust, Inc. (d) | 26,848 | 3,758,452 | |
| |||
Shares | Value | ||
Excel Trust, Inc. | 30,162 | $ 361,642 | |
Extra Space Storage, Inc. | 78,885 | 2,080,197 | |
Federal Realty Investment Trust (SBI) | 61,635 | 5,876,897 | |
FelCor Lodging Trust, Inc. (a) | 117,716 | 452,029 | |
First Industrial Realty Trust, Inc. (a) | 56,203 | 664,319 | |
First Potomac Realty Trust (d) | 52,713 | 697,393 | |
Franklin Street Properties Corp. (d) | 68,554 | 706,792 | |
General Growth Properties, Inc. | 364,744 | 5,934,385 | |
Getty Realty Corp. (d) | 23,628 | 401,676 | |
Gladstone Commercial Corp. | 7,566 | 135,204 | |
Glimcher Realty Trust | 104,869 | 1,038,203 | |
Government Properties Income Trust | 25,248 | 589,036 | |
Gramercy Capital Corp. (a) | 25,709 | 74,556 | |
Hatteras Financial Corp. | 62,065 | 1,767,611 | |
HCP, Inc. | 343,212 | 13,556,874 | |
Health Care REIT, Inc. | 150,000 | 8,166,000 | |
Healthcare Realty Trust, Inc. (d) | 51,018 | 1,054,542 | |
Hersha Hospitality Trust | 136,305 | 685,614 | |
Highwoods Properties, Inc. (SBI) | 48,585 | 1,554,720 | |
Home Properties, Inc. (d) | 35,000 | 2,017,050 | |
Hospitality Properties Trust (SBI) (d) | 90,003 | 2,225,774 | |
Host Hotels & Resorts, Inc. (d) | 541,818 | 8,549,888 | |
Hudson Pacific Properties, Inc. | 14,404 | 220,237 | |
Inland Real Estate Corp. | 58,987 | 511,417 | |
Invesco Mortgage Capital, Inc. | 96,602 | 1,654,792 | |
Investors Real Estate Trust (d) | 69,850 | 532,956 | |
iStar Financial, Inc. (a) | 71,516 | 504,188 | |
Kilroy Realty Corp. (d) | 54,084 | 2,371,043 | |
Kimco Realty Corp. (d) | 343,109 | 6,306,343 | |
Kite Realty Group Trust | 30,457 | 149,544 | |
LaSalle Hotel Properties (SBI) | 60,809 | 1,622,384 | |
Lexington Corporate Properties Trust | 108,388 | 937,556 | |
Liberty Property Trust (SBI) (d) | 90,608 | 3,073,423 | |
LTC Properties, Inc. | 26,907 | 830,350 | |
Mack-Cali Realty Corp. | 59,265 | 1,694,979 | |
Medical Properties Trust, Inc. | 87,853 | 853,931 | |
MFA Financial, Inc. | 290,341 | 2,119,489 | |
Mid-America Apartment Communities, Inc. | 25,121 | 1,566,797 | |
Mission West Properties, Inc. (d) | 38,129 | 381,290 | |
Monmouth Real Estate Investment Corp. Class A | 12,122 | 113,462 | |
MPG Office Trust, Inc. (a)(d) | 84,174 | 188,550 | |
National Health Investors, Inc. | 21,683 | 1,021,920 | |
National Retail Properties, Inc. | 63,779 | 1,699,710 | |
New York Mortgage Trust, Inc. (d) | 3,129 | 22,216 | |
NorthStar Realty Finance Corp. | 91,257 | 487,312 | |
Omega Healthcare Investors, Inc. (d) | 72,226 | 1,471,244 | |
One Liberty Properties, Inc. | 11,261 | 196,842 | |
Parkway Properties, Inc. | 29,977 | 299,470 | |
Pebblebrook Hotel Trust | 35,559 | 762,029 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 734,758 | |
Pennymac Mortgage Investment Trust | 24,225 | 436,050 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | $ 2,623,865 | |
Plum Creek Timber Co., Inc. | 155,723 | 6,098,113 | |
PMC Commercial Trust | 8,500 | 61,455 | |
Post Properties, Inc. | 41,888 | 1,829,249 | |
Potlatch Corp. (d) | 27,984 | 862,467 | |
Prologis, Inc. | 391,545 | 13,179,405 | |
PS Business Parks, Inc. | 16,465 | 1,027,745 | |
Public Storage | 111,267 | 14,917,567 | |
RAIT Financial Trust | 28,885 | 153,091 | |
Ramco-Gershenson Properties Trust (SBI) | 23,549 | 260,687 | |
Rayonier, Inc. (d) | 86,770 | 3,863,000 | |
Realty Income Corp. | 100,000 | 3,689,000 | |
Redwood Trust, Inc. | 60,890 | 704,497 | |
Regency Centers Corp. (d) | 90,033 | 3,852,512 | |
Resource Capital Corp. | 43,562 | 251,353 | |
Retail Opportunity Investments Corp. | 20,294 | 236,019 | |
RLJ Lodging Trust | 47,820 | 837,806 | |
Rouse Properties, Inc. (a) | 13,681 | 200,153 | |
Rouse Properties, Inc. rights 3/16/12 (a) | 13,681 | 0 | |
Sabra Health Care REIT, Inc. | 44,632 | 637,345 | |
Saul Centers, Inc. | 11,025 | 417,407 | |
Senior Housing Properties Trust (SBI) | 111,115 | 2,377,861 | |
Simon Property Group, Inc. | 237,530 | 32,180,564 | |
SL Green Realty Corp. | 78,146 | 5,943,003 | |
Sovran Self Storage, Inc. (d) | 21,775 | 1,034,530 | |
Stag Industrial, Inc. | 9,543 | 117,283 | |
Starwood Property Trust, Inc. | 73,060 | 1,442,204 | |
Strategic Hotel & Resorts, Inc. (a) | 120,853 | 752,914 | |
Summit Hotel Properties, Inc. | 27,924 | 257,180 | |
Sun Communities, Inc. (d) | 36,167 | 1,496,952 | |
Sunstone Hotel Investors, Inc. (a)(d) | 81,015 | 727,515 | |
Tanger Factory Outlet Centers, Inc. | 57,882 | 1,694,785 | |
Taubman Centers, Inc. (d) | 39,924 | 2,757,551 | |
Terreno Realty Corp. | 10,962 | 155,880 | |
The Macerich Co. (d) | 107,006 | 5,777,254 | |
Two Harbors Investment Corp. | 135,657 | 1,394,554 | |
UDR, Inc. | 154,946 | 3,876,749 | |
UMH Properties, Inc. | 4,692 | 47,389 | |
Universal Health Realty Income Trust (SBI) | 13,491 | 509,825 | |
Urstadt Biddle Properties, Inc. | 314 | 5,831 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 505,647 | |
Ventas, Inc. | 223,719 | 12,510,366 | |
Vornado Realty Trust | 139,847 | 11,429,695 | |
Washington (REIT) (SBI) | 44,091 | 1,305,975 | |
Weingarten Realty Investors (SBI) | 85,028 | 2,117,197 | |
Weyerhaeuser Co. | 408,182 | 8,526,922 | |
Whitestone REIT Class B | 1,800 | 23,292 | |
Winthrop Realty Trust | 18,504 | 210,761 | |
| 383,435,297 | ||
| |||
Shares | Value | ||
Real Estate Management & Development - 0.1% | |||
American Realty Capital Properties, Inc. | 5,970 | $ 67,461 | |
AV Homes, Inc. (a) | 6,188 | 64,788 | |
Brookfield Properties Corp. | 194,536 | 3,379,047 | |
CBRE Group, Inc. (a) | 220,257 | 4,037,311 | |
Consolidated-Tomoka Land Co. | 2,432 | 72,620 | |
Forest City Enterprises, Inc. Class A (a)(d) | 95,968 | 1,403,052 | |
Forestar Group, Inc. (a)(d) | 31,999 | 502,064 | |
Howard Hughes Corp. (a) | 21,592 | 1,199,436 | |
Jones Lang LaSalle, Inc. (d) | 31,527 | 2,566,613 | |
Kennedy-Wilson Holdings, Inc. | 25,602 | 346,139 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 116,786 | |
Tejon Ranch Co. (a)(d) | 11,342 | 331,413 | |
The St. Joe Co. (a)(d) | 64,020 | 1,031,362 | |
Thomas Properties Group, Inc. | 14,816 | 63,709 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 44,706 | |
| 15,226,507 | ||
Thrifts & Mortgage Finance - 0.2% | |||
Alliance Bancorp, Inc. of Pennsylvania | 1,065 | 12,024 | |
Apollo Residential Mortgage, Inc. | 12,502 | 224,161 | |
ASB Bancorp, Inc. | 4,145 | 49,947 | |
Astoria Financial Corp. (d) | 69,632 | 611,369 | |
Bank Mutual Corp. | 56,001 | 220,084 | |
BankAtlantic Bancorp, Inc. Class A (a)(d) | 14,545 | 31,999 | |
BankFinancial Corp. | 8,862 | 50,070 | |
BankUnited, Inc. | 38,231 | 880,460 | |
BCSB Bancorp, Inc. (a) | 94 | 1,204 | |
Beneficial Mutual Bancorp, Inc. (a) | 34,804 | 315,672 | |
Berkshire Hills Bancorp, Inc. (d) | 12,304 | 270,565 | |
BofI Holding, Inc. (a) | 11,427 | 187,289 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 797,962 | |
Camco Financial Corp. (a) | 347 | 791 | |
Cape Bancorp, Inc. (a) | 2,611 | 21,045 | |
Capitol Federal Financial, Inc. | 122,267 | 1,429,301 | |
CFS Bancorp, Inc. | 688 | 3,846 | |
Charter Financial Corp., Georgia | 1,200 | 11,592 | |
Chicopee Bancorp, Inc. (a) | 1,816 | 26,259 | |
Citizens South Banking Corp., Delaware | 4,022 | 17,496 | |
Clifton Savings Bancorp, Inc. | 14,989 | 147,342 | |
Dime Community Bancshares, Inc. | 51,879 | 722,156 | |
Doral Financial Corp. (a) | 159,443 | 223,220 | |
ESB Financial Corp. (d) | 7,915 | 100,916 | |
ESSA Bancorp, Inc. | 4,298 | 41,347 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 177,524 | |
First Defiance Financial Corp. | 6,145 | 96,108 | |
First Financial Holdings, Inc. | 6,172 | 60,239 | |
First Financial Northwest, Inc. (a)(d) | 2,197 | 16,192 | |
First PacTrust Bancorp, Inc. | 4,303 | 50,431 | |
Flagstar Bancorp, Inc. (a) | 372,060 | 268,218 | |
Flushing Financial Corp. | 37,878 | 490,520 | |
Fox Chase Bancorp, Inc. | 14,307 | 178,981 | |
Franklin Financial Corp./VA (a) | 8,632 | 116,446 | |
Guaranty Federal Bancshares, Inc. (a) | 924 | 7,069 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
HF Financial Corp. | 2,735 | $ 31,480 | |
Hingham Institution for Savings | 1,505 | 78,335 | |
Home Federal Bancorp, Inc. | 1,628 | 16,329 | |
Hudson City Bancorp, Inc. | 361,714 | 2,477,741 | |
IF Bancorp, Inc. (a) | 3,112 | 35,570 | |
Indiana Community Bancorp | 2,264 | 48,902 | |
Kaiser Federal Financial Group, Inc. | 8,188 | 110,620 | |
Kearny Financial Corp. | 2,196 | 20,489 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 9,698 | |
MGIC Investment Corp. (a)(d) | 129,823 | 585,502 | |
NASB Financial, Inc. (a) | 1,203 | 16,686 | |
New York Community Bancorp, Inc. | 334,923 | 4,357,348 | |
Northfield Bancorp, Inc. (d) | 9,876 | 136,091 | |
Northwest Bancshares, Inc. | 92,094 | 1,162,226 | |
OceanFirst Financial Corp. | 5,851 | 80,334 | |
Ocwen Financial Corp. (a)(d) | 74,000 | 1,192,140 | |
Oritani Financial Corp. | 26,763 | 348,722 | |
People's United Financial, Inc. | 298,743 | 3,761,174 | |
Peoples Federal Bancshares, Inc. (a) | 1,156 | 18,265 | |
Poage Bankshares, Inc. | 2,365 | 27,316 | |
Provident Financial Holdings, Inc. | 1,385 | 14,279 | |
Provident Financial Services, Inc. | 56,391 | 774,812 | |
Provident New York Bancorp | 44,223 | 377,222 | |
PVF Capital Corp. (a) | 11,916 | 20,376 | |
Radian Group, Inc. (d) | 84,170 | 319,004 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,538 | |
Rockville Financial, Inc. | 5,182 | 59,852 | |
Teche Holding Co. | 130 | 4,863 | |
Territorial Bancorp, Inc. | 11,189 | 234,969 | |
TF Financial Corp. | 1,705 | 42,045 | |
TFS Financial Corp. (a) | 120,727 | 1,128,797 | |
Timberland Bancorp, Inc. (a) | 5,034 | 21,143 | |
Tree.com, Inc. (a) | 3,275 | 25,021 | |
Trustco Bank Corp., New York | 73,043 | 391,510 | |
United Community Financial Corp., Ohio (a) | 11,112 | 15,001 | |
United Financial Bancorp, Inc. | 3,272 | 51,861 | |
ViewPoint Financial Group | 24,223 | 363,103 | |
Walker & Dunlop, Inc. (a) | 10,954 | 136,377 | |
Washington Federal, Inc. | 81,888 | 1,326,586 | |
Westfield Financial, Inc. | 28,907 | 229,233 | |
WSFS Financial Corp. | 10,396 | 400,142 | |
| 28,326,547 | ||
TOTAL FINANCIALS | 1,867,602,364 | ||
HEALTH CARE - 11.3% | |||
Biotechnology - 1.7% | |||
Aastrom Biosciences, Inc. (a)(d) | 78,454 | 140,433 | |
Acadia Pharmaceuticals, Inc. (a) | 28,029 | 46,808 | |
| |||
Shares | Value | ||
Achillion Pharmaceuticals, Inc. (a) | 28,628 | $ 300,594 | |
Acorda Therapeutics, Inc. (a) | 26,790 | 700,826 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 13,759 | 9,095 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 299,132 | |
Affymax, Inc. (a)(d) | 66,177 | 675,667 | |
Agenus, Inc. (a) | 772 | 2,463 | |
Alexion Pharmaceuticals, Inc. (a)(d) | 154,733 | 12,955,794 | |
Alkermes PLC (a) | 65,333 | 1,150,514 | |
Allos Therapeutics, Inc. (a) | 74,291 | 110,694 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 34,904 | 465,619 | |
AMAG Pharmaceuticals, Inc. (a) | 31,420 | 496,750 | |
Amgen, Inc. | 713,793 | 48,502,234 | |
Amicus Therapeutics, Inc. (a) | 6,651 | 39,773 | |
Amylin Pharmaceuticals, Inc. (a)(d) | 94,456 | 1,614,253 | |
Anacor Pharmaceuticals, Inc. (a) | 8,597 | 51,066 | |
Anthera Pharmaceuticals, Inc. (a) | 12,186 | 80,671 | |
Ardea Biosciences, Inc. (a)(d) | 18,307 | 390,305 | |
Arena Pharmaceuticals, Inc. (a)(d) | 227,861 | 405,593 | |
ARIAD Pharmaceuticals, Inc. (a) | 95,029 | 1,362,716 | |
ArQule, Inc. (a)(d) | 52,890 | 375,519 | |
Array Biopharma, Inc. (a) | 101,050 | 283,951 | |
Astex Pharmaceuticals, Inc. (a)(d) | 46,939 | 85,898 | |
AVEO Pharmaceuticals, Inc. (a) | 29,278 | 381,785 | |
AVI BioPharma, Inc. (a)(d) | 273,083 | 284,006 | |
Avigen, Inc. rights (a) | 1,600 | 0 | |
BioCryst Pharmaceuticals, Inc. (a) | 40,934 | 190,752 | |
Biogen Idec, Inc. (a) | 191,924 | 22,353,388 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 81,154 | 2,901,256 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 62,173 | |
Biosante Pharmaceuticals, Inc. (a) | 72,515 | 56,025 | |
Biospecifics Technologies Corp. (a) | 1,441 | 24,958 | |
BioTime, Inc. (a)(d) | 32,076 | 160,059 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 53,366 | |
Cel-Sci Corp. (a)(d) | 283,400 | 106,417 | |
Celgene Corp. (a) | 380,085 | 27,869,733 | |
Cell Therapeutics, Inc. (a)(d) | 100,397 | 128,508 | |
Celldex Therapeutics, Inc. (a) | 29,641 | 112,339 | |
Celsion Corp. (a)(d) | 15,910 | 32,775 | |
Cepheid, Inc. (a)(d) | 45,758 | 1,848,166 | |
Chelsea Therapeutics International Ltd. (a)(d) | 75,408 | 278,256 | |
Cleveland Biolabs, Inc. (a)(d) | 16,887 | 61,975 | |
Codexis, Inc. (a) | 13,589 | 53,541 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 81,770 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 45,911 | 1,967,745 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a)(d) | 51,867 | 233,920 | |
Cyclacel Pharmaceuticals, Inc. (a) | 80,707 | 58,109 | |
Cytokinetics, Inc. (a) | 59,298 | 61,077 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 226,161 | |
CytRx Corp. (a) | 180,289 | 62,019 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 14,212 | |
Dendreon Corp. (a)(d) | 107,274 | 1,207,905 | |
Discovery Laboratories, Inc. (a) | 218 | 778 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
DUSA Pharmaceuticals, Inc. (a) | 12,987 | $ 62,597 | |
Dyax Corp. (a) | 58,403 | 87,020 | |
Dynavax Technologies Corp. (a)(d) | 131,405 | 551,901 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 282,694 | |
EntreMed, Inc. (a) | 289 | 598 | |
Enzon Pharmaceuticals, Inc. (a) | 43,430 | 307,050 | |
Exact Sciences Corp. (a)(d) | 46,309 | 434,842 | |
Exelixis, Inc. (a) | 97,894 | 556,038 | |
Galena Biopharma, Inc. (a)(d) | 31,096 | 33,273 | |
Genomic Health, Inc. (a)(d) | 12,051 | 351,648 | |
GenVec, Inc. (a) | 8,140 | 21,978 | |
Geron Corp. (a) | 79,136 | 158,272 | |
Gilead Sciences, Inc. (a) | 608,734 | 27,697,397 | |
GTx, Inc. (a)(d) | 12,895 | 44,617 | |
Halozyme Therapeutics, Inc. (a)(d) | 66,038 | 760,097 | |
Hemispherx Biopharma, Inc. (a)(d) | 81,533 | 25,031 | |
Horizon Pharma, Inc. (d) | 8,364 | 28,856 | |
Human Genome Sciences, Inc. (a)(d) | 139,644 | 1,100,395 | |
iBio, Inc. (a) | 40,361 | 32,688 | |
Idenix Pharmaceuticals, Inc. (a) | 52,224 | 614,676 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 9,903 | |
ImmunoGen, Inc. (a)(d) | 57,844 | 796,512 | |
Immunomedics, Inc. (a)(d) | 54,782 | 195,024 | |
Incyte Corp. (a)(d) | 82,304 | 1,395,876 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 4,048 | 32,991 | |
Inovio Pharmaceuticals, Inc. (a) | 47,000 | 27,260 | |
Insmed, Inc. (a)(d) | 6,880 | 29,309 | |
InterMune, Inc. (a) | 50,243 | 674,261 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 35,334 | 473,122 | |
Isis Pharmaceuticals, Inc. (a)(d) | 64,197 | 584,835 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 219,392 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 133,677 | 227,251 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 245,963 | |
MannKind Corp. (a) | 78,574 | 183,863 | |
Maxygen, Inc. (a) | 47,150 | 258,854 | |
Medivation, Inc. (a)(d) | 25,651 | 1,680,397 | |
Metabolix, Inc. (a)(d) | 41,636 | 114,499 | |
Micromet, Inc. (a)(d) | 75,077 | 825,096 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 630,908 | |
Myrexis, Inc. (a) | 68,786 | 220,115 | |
Myriad Genetics, Inc. (a) | 62,451 | 1,511,314 | |
Nabi Biopharmaceuticals (a) | 35,088 | 65,615 | |
Nanosphere, Inc. (a) | 12,896 | 27,855 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 398,647 | |
NewLink Genetics Corp. | 4,366 | 36,936 | |
Novavax, Inc. (a)(d) | 79,584 | 101,072 | |
NPS Pharmaceuticals, Inc. (a)(d) | 67,196 | 458,277 | |
OncoGenex Pharmaceuticals, Inc. (a) | 5,100 | 81,498 | |
Oncothyreon, Inc. (a)(d) | 23,957 | 196,447 | |
ONYX Pharmaceuticals, Inc. (a)(d) | 47,108 | 1,805,179 | |
| |||
Shares | Value | ||
Opexa Therapeutics, Inc. (a) | 9,114 | $ 8,476 | |
Opko Health, Inc. (a)(d) | 104,761 | 517,519 | |
OREXIGEN Therapeutics, Inc. (a) | 34,059 | 133,511 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 94,847 | |
OXiGENE, Inc. (a)(d) | 6,714 | 7,721 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 73,875 | |
PDL BioPharma, Inc. | 108,271 | 690,769 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 48,032 | 45,092 | |
Pharmacyclics, Inc. (a)(d) | 40,835 | 1,028,634 | |
PharmAthene, Inc. (a)(d) | 51,372 | 75,517 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 25,311 | 246,782 | |
PROLOR Biotech, Inc. (a) | 33,237 | 191,777 | |
Raptor Pharmaceutical Corp. (a)(d) | 12,780 | 89,204 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 68,654 | 7,194,253 | |
Repligen Corp. (a) | 5,241 | 23,113 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 22,973 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 61,503 | 615,030 | |
Sangamo Biosciences, Inc. (a)(d) | 37,246 | 196,286 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 176,970 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 28,016 | 131,395 | |
Seattle Genetics, Inc. (a)(d) | 83,271 | 1,537,183 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 207,959 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 36,395 | 516,445 | |
StemCells, Inc. (a)(d) | 14,648 | 16,113 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 56,799 | |
Synageva BioPharma Corp. (a) | 4,180 | 155,998 | |
Synta Pharmaceuticals Corp. (a) | 30,128 | 144,012 | |
Targacept, Inc. (a) | 18,977 | 129,423 | |
Telik, Inc. (a) | 11,402 | 1,596 | |
Theravance, Inc. (a)(d) | 51,033 | 954,317 | |
Threshold Pharmaceuticals, Inc. (a) | 11,685 | 60,645 | |
Tranzyme, Inc. | 9,317 | 46,958 | |
Trius Therapeutics, Inc. (a) | 7,007 | 35,455 | |
United Therapeutics Corp. (a)(d) | 37,819 | 1,805,101 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 204,596 | |
Verastem, Inc. | 400 | 4,640 | |
Vertex Pharmaceuticals, Inc. (a) | 191,600 | 7,457,072 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a) | 33,778 | 51,005 | |
Zalicus, Inc. (a) | 67,670 | 67,670 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 388,970 | |
| 203,695,313 | ||
Health Care Equipment & Supplies - 1.9% | |||
Abaxis, Inc. (a)(d) | 23,291 | 618,609 | |
Abiomed, Inc. (a)(d) | 36,354 | 759,072 | |
Accuray, Inc. (a)(d) | 37,835 | 256,521 | |
Alere, Inc. (a) | 62,700 | 1,594,461 | |
Align Technology, Inc. (a)(d) | 92,669 | 2,373,253 | |
Alphatec Holdings, Inc. (a)(d) | 36,801 | 69,186 | |
Analogic Corp. (d) | 9,235 | 525,933 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 343,429 | |
Anika Therapeutics, Inc. (a) | 4,090 | 46,462 | |
Antares Pharma, Inc. (a) | 25,935 | 65,356 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
ArthroCare Corp. (a) | 20,678 | $ 539,696 | |
Atricure, Inc. (a) | 2,192 | 22,358 | |
Atrion Corp. | 530 | 109,180 | |
Bacterin International Holdings, Inc. (a) | 9,747 | 28,851 | |
Baxter International, Inc. | 469,167 | 27,272,678 | |
Becton, Dickinson & Co. | 163,254 | 12,443,220 | |
BioLase Technology, Inc. (d) | 23,962 | 65,177 | |
Boston Scientific Corp. (a) | 1,310,092 | 8,148,772 | |
BSD Medical Corp. (a)(d) | 46,363 | 101,535 | |
C. R. Bard, Inc. | 65,241 | 6,107,862 | |
Cantel Medical Corp. | 32,623 | 658,658 | |
Cardica, Inc. (a) | 23,778 | 48,032 | |
Cardiovascular Systems, Inc. (a)(d) | 5,726 | 51,820 | |
CareFusion Corp. (a) | 165,874 | 4,281,208 | |
Cerus Corp. (a)(d) | 38,690 | 145,474 | |
Conceptus, Inc. (a)(d) | 26,951 | 363,030 | |
CONMED Corp. | 19,521 | 582,507 | |
Covidien PLC | 384,638 | 20,097,336 | |
Cryolife, Inc. (a) | 20,961 | 114,237 | |
Cutera, Inc. (a) | 15,449 | 144,448 | |
Cyberonics, Inc. (a)(d) | 26,017 | 968,613 | |
Cynosure, Inc. Class A (a) | 6,957 | 123,765 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 522,755 | |
DENTSPLY International, Inc. (d) | 140,521 | 5,435,352 | |
Derma Sciences, Inc. (a) | 2,779 | 24,372 | |
DexCom, Inc. (a)(d) | 65,323 | 704,835 | |
DynaVox, Inc. Class A (a) | 5,368 | 17,017 | |
Edwards Lifesciences Corp. (a)(d) | 102,152 | 7,470,376 | |
Endologix, Inc. (a)(d) | 30,670 | 405,764 | |
Exactech, Inc. (a)(d) | 3,102 | 49,291 | |
Fonar Corp. (a) | 719 | 1,438 | |
Gen-Probe, Inc. (a) | 34,362 | 2,346,237 | |
Genmark Diagnostics, Inc. (a) | 4,700 | 19,552 | |
Greatbatch, Inc. (a)(d) | 22,320 | 552,420 | |
Haemonetics Corp. (a)(d) | 17,372 | 1,164,445 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 155,340 | |
Hill-Rom Holdings, Inc. | 45,276 | 1,538,026 | |
Hologic, Inc. (a) | 188,071 | 3,898,712 | |
ICU Medical, Inc. (a)(d) | 17,344 | 795,743 | |
IDEXX Laboratories, Inc. (a) | 44,087 | 3,780,460 | |
Insulet Corp. (a)(d) | 24,061 | 474,483 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 448,625 | |
Intuitive Surgical, Inc. (a) | 32,467 | 16,610,767 | |
Invacare Corp. | 28,414 | 469,115 | |
IRIS International, Inc. (a) | 20,459 | 228,527 | |
IVAX Diagnostics, Inc. (a) | 3,094 | 1,547 | |
Kensey Nash Corp. | 22,159 | 500,350 | |
Kewaunee Scientific Corp. | 1,376 | 11,380 | |
LeMaitre Vascular, Inc. | 3,845 | 21,532 | |
Mako Surgical Corp. (a)(d) | 32,106 | 1,255,345 | |
Masimo Corp. (a)(d) | 36,398 | 793,476 | |
| |||
Shares | Value | ||
Medical Action Industries, Inc. (a) | 12,909 | $ 69,967 | |
Medtronic, Inc. | 850,420 | 32,418,010 | |
MELA Sciences, Inc. (a)(d) | 32,214 | 148,829 | |
Meridian Bioscience, Inc. (d) | 35,455 | 638,899 | |
Merit Medical Systems, Inc. (a) | 29,543 | 369,878 | |
Misonix, Inc. (a) | 2,579 | 5,106 | |
Natus Medical, Inc. (a) | 24,629 | 257,866 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 343,338 | |
Neogen Corp. (a)(d) | 25,237 | 875,724 | |
NuVasive, Inc. (a) | 28,061 | 440,277 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 856,600 | |
OraSure Technologies, Inc. (a) | 22,681 | 227,490 | |
Orthofix International NV (a) | 16,427 | 644,103 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
Quidel Corp. (a)(d) | 34,466 | 488,728 | |
ResMed, Inc. (a)(d) | 157,117 | 4,603,528 | |
Retractable Technologies, Inc. (a) | 5,248 | 6,298 | |
Rockwell Medical Technologies, Inc. (a) | 2,069 | 19,635 | |
RTI Biologics, Inc. (a) | 29,474 | 109,054 | |
Sirona Dental Systems, Inc. (a) | 39,958 | 1,993,904 | |
Solta Medical, Inc. (a) | 20,912 | 59,390 | |
SonoSite, Inc. (a) | 19,011 | 1,025,073 | |
St. Jude Medical, Inc. | 262,641 | 11,062,439 | |
Staar Surgical Co. (a)(d) | 15,788 | 164,669 | |
Stereotaxis, Inc. (a)(d) | 24,530 | 18,765 | |
Steris Corp. | 36,700 | 1,151,646 | |
Stryker Corp. | 227,565 | 12,206,587 | |
SurModics, Inc. (a) | 19,525 | 277,255 | |
Symmetry Medical, Inc. (a) | 29,367 | 212,617 | |
Synergetics USA, Inc. (a) | 3,622 | 22,819 | |
Teleflex, Inc. | 29,057 | 1,722,208 | |
The Cooper Companies, Inc. | 33,711 | 2,679,350 | |
The Spectranetics Corp. (a) | 29,169 | 226,351 | |
Theragenics Corp. (a) | 1,117 | 1,776 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 16,002 | |
Thoratec Corp. (a)(d) | 42,041 | 1,450,415 | |
Unilife Corp. (a)(d) | 50,575 | 187,633 | |
Urologix, Inc. (a)(d) | 3,267 | 4,508 | |
Uroplasty, Inc. (a) | 1,597 | 4,408 | |
Varian Medical Systems, Inc. (a)(d) | 87,245 | 5,692,736 | |
Vascular Solutions, Inc. (a) | 2,125 | 22,291 | |
Vermillion, Inc. (a) | 5,249 | 6,929 | |
Volcano Corp. (a)(d) | 37,240 | 1,043,837 | |
West Pharmaceutical Services, Inc. (d) | 23,198 | 965,037 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 491,600 | |
Young Innovations, Inc. | 2,156 | 65,219 | |
Zeltiq Aesthetics, Inc. (d) | 6,038 | 66,901 | |
Zimmer Holdings, Inc. | 143,847 | 8,738,705 | |
Zoll Medical Corp. (a)(d) | 18,652 | 1,364,394 | |
| 234,411,468 | ||
Health Care Providers & Services - 2.2% | |||
Acadia Healthcare Co., Inc. (a) | 2,518 | 35,227 | |
Accretive Health, Inc. (a)(d) | 27,886 | 724,757 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Aetna, Inc. | 286,858 | $ 13,413,480 | |
Air Methods Corp. (a)(d) | 12,386 | 1,117,589 | |
Alliance Healthcare Services, Inc. (a)(d) | 85,702 | 116,555 | |
Almost Family, Inc. (a)(d) | 9,932 | 227,244 | |
Amedisys, Inc. (a)(d) | 19,251 | 247,375 | |
AMERIGROUP Corp. (a)(d) | 35,313 | 2,398,812 | |
AmerisourceBergen Corp. | 233,877 | 8,735,306 | |
AMN Healthcare Services, Inc. (a) | 51,175 | 273,275 | |
AmSurg Corp. (a) | 25,500 | 666,315 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 270,426 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 642,808 | |
BioScrip, Inc. (a)(d) | 41,738 | 264,619 | |
Brookdale Senior Living, Inc. (a)(d) | 84,038 | 1,566,468 | |
Capital Senior Living Corp. (a) | 26,619 | 228,125 | |
Cardinal Health, Inc. | 261,307 | 10,857,306 | |
CardioNet, Inc. (a) | 34,161 | 108,974 | |
Catalyst Health Solutions, Inc. (a) | 31,805 | 1,972,546 | |
Centene Corp. (a)(d) | 35,301 | 1,722,689 | |
Chemed Corp. | 14,268 | 882,048 | |
Chindex International, Inc. (a)(d) | 9,187 | 85,715 | |
CIGNA Corp. | 215,000 | 9,483,650 | |
Community Health Systems, Inc. (a) | 81,813 | 2,064,960 | |
Conmed Healthcare Management, Inc. (a) | 5,109 | 18,801 | |
Corvel Corp. (a) | 8,848 | 401,168 | |
Coventry Health Care, Inc. (a)(d) | 155,796 | 5,092,971 | |
Cross Country Healthcare, Inc. (a) | 29,137 | 164,915 | |
DaVita, Inc. (a) | 70,363 | 6,089,918 | |
Emeritus Corp. (a)(d) | 17,838 | 329,289 | |
ExamWorks Group, Inc. (a)(d) | 17,147 | 176,957 | |
Express Scripts, Inc. (a)(d) | 368,167 | 19,634,346 | |
Five Star Quality Care, Inc. (a) | 32,241 | 114,133 | |
Gentiva Health Services, Inc. (a)(d) | 24,132 | 189,436 | |
Hanger Orthopedic Group, Inc. (a)(d) | 27,160 | 561,940 | |
HCA Holdings, Inc. | 120,808 | 3,221,949 | |
Health Management Associates, Inc. Class A (a) | 180,959 | 1,335,477 | |
Health Net, Inc. (a) | 67,297 | 2,539,789 | |
HealthSouth Corp. (a)(d) | 69,496 | 1,414,939 | |
Healthways, Inc. (a) | 33,821 | 268,877 | |
Henry Schein, Inc. (a)(d) | 71,206 | 5,270,668 | |
HMS Holdings Corp. (a)(d) | 61,425 | 1,979,114 | |
Hooper Holmes, Inc. (a) | 6,267 | 4,378 | |
Humana, Inc. | 138,379 | 12,052,811 | |
IPC The Hospitalist Co., Inc. (a) | 20,567 | 748,022 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 384,548 | |
Laboratory Corp. of America Holdings (a)(d) | 83,669 | 7,521,006 | |
Landauer, Inc. | 14,935 | 801,113 | |
LCA-Vision, Inc. (a) | 10,358 | 89,286 | |
LHC Group, Inc. (a) | 12,810 | 218,026 | |
| |||
Shares | Value | ||
LifePoint Hospitals, Inc. (a)(d) | 38,142 | $ 1,486,394 | |
Lincare Holdings, Inc. (d) | 67,736 | 1,819,389 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,190,290 | |
McKesson Corp. | 205,993 | 17,202,475 | |
Medcath Corp. (a) | 2,958 | 22,954 | |
Medco Health Solutions, Inc. (a) | 314,026 | 21,225,017 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,277,475 | |
Metropolitan Health Networks, Inc. (a) | 12,700 | 106,172 | |
MModal, Inc. (a) | 39,028 | 401,598 | |
Molina Healthcare, Inc. (a)(d) | 19,589 | 665,242 | |
MWI Veterinary Supply, Inc. (a)(d) | 13,354 | 1,156,056 | |
National Healthcare Corp. | 6,159 | 276,046 | |
NeoStem, Inc. (a) | 41,470 | 23,638 | |
Omnicare, Inc. | 82,306 | 2,895,525 | |
Owens & Minor, Inc. | 43,454 | 1,301,882 | |
Patterson Companies, Inc. | 71,822 | 2,292,558 | |
PDI, Inc. (a) | 1,365 | 9,446 | |
PharMerica Corp. (a) | 29,176 | 357,698 | |
Providence Service Corp. (a) | 13,245 | 199,337 | |
PSS World Medical, Inc. (a)(d) | 39,096 | 947,296 | |
Quest Diagnostics, Inc. | 140,542 | 8,158,463 | |
RadNet, Inc. (a) | 27,076 | 80,957 | |
Select Medical Holdings Corp. (a) | 37,877 | 318,924 | |
Sharps Compliance Corp. (a) | 5,184 | 20,269 | |
Skilled Healthcare Group, Inc. (a) | 27,157 | 177,335 | |
SRI/Surgical Express, Inc. (a) | 774 | 2,941 | |
Sun Healthcare Group, Inc. (a) | 15,191 | 67,752 | |
Sunrise Senior Living, Inc. (a)(d) | 31,316 | 242,386 | |
Team Health Holdings, Inc. (a) | 29,804 | 646,449 | |
Tenet Healthcare Corp. (a) | 398,929 | 2,253,949 | |
The Ensign Group, Inc. | 5,658 | 155,086 | |
Triple-S Management Corp. (a)(d) | 20,220 | 478,607 | |
U.S. Physical Therapy, Inc. | 11,240 | 213,672 | |
UnitedHealth Group, Inc. | 855,641 | 47,701,986 | |
Universal American Spin Corp. (a) | 33,569 | 380,672 | |
Universal Health Services, Inc. Class B | 64,910 | 2,895,635 | |
Vanguard Health Systems, Inc. (a) | 30,455 | 303,332 | |
VCA Antech, Inc. (a)(d) | 61,414 | 1,350,494 | |
Wellcare Health Plans, Inc. (a)(d) | 37,775 | 2,563,412 | |
WellPoint, Inc. | 286,095 | 18,776,415 | |
| 272,375,370 | ||
Health Care Technology - 0.1% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 134,782 | 2,603,988 | |
athenahealth, Inc. (a)(d) | 25,730 | 1,818,339 | |
Authentidate Holding Corp. (a) | 1,633 | 1,061 | |
Cerner Corp. (a)(d) | 107,829 | 7,961,015 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,334,647 | |
Epocrates, Inc. (a) | 10,933 | 101,677 | |
Greenway Medical Technologies | 5,301 | 78,455 | |
HealthStream, Inc. (a)(d) | 13,800 | 281,934 | |
MedAssets, Inc. (a) | 31,551 | 450,548 | |
Medidata Solutions, Inc. (a)(d) | 25,864 | 515,728 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Technology - continued | |||
Merge Healthcare, Inc. (a) | 32,622 | $ 213,022 | |
Omnicell, Inc. (a)(d) | 25,141 | 375,104 | |
Quality Systems, Inc. | 27,774 | 1,190,671 | |
Transcend Services, Inc. (a)(d) | 6,174 | 132,741 | |
| 17,058,930 | ||
Life Sciences Tools & Services - 0.6% | |||
Affymetrix, Inc. (a)(d) | 55,779 | 232,598 | |
Agilent Technologies, Inc. | 263,842 | 11,508,788 | |
Albany Molecular Research, Inc. (a) | 23,897 | 65,478 | |
Apricus Biosciences, Inc. (a) | 18,211 | 62,282 | |
Bio-Rad Laboratories, Inc. Class A (a) | 16,766 | 1,708,791 | |
Biodelivery Sciences International, Inc. (a) | 3,338 | 7,544 | |
Bruker BioSciences Corp. (a) | 65,927 | 1,056,810 | |
Cambrex Corp. (a) | 18,522 | 123,357 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,496,889 | |
Complete Genomics, Inc. (a)(d) | 7,109 | 26,445 | |
Covance, Inc. (a)(d) | 43,017 | 2,053,201 | |
Enzo Biochem, Inc. (a) | 14,697 | 37,918 | |
eResearchTechnology, Inc. (a) | 54,275 | 346,275 | |
Fluidigm Corp. (a) | 3,871 | 55,820 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 166,166 | |
Harvard Bioscience, Inc. (a) | 675 | 2,801 | |
Illumina, Inc. (a)(d) | 116,750 | 5,983,438 | |
Life Technologies Corp. (a)(d) | 150,316 | 7,111,450 | |
Luminex Corp. (a)(d) | 39,871 | 895,901 | |
Medtox Scientific, Inc. (a) | 654 | 10,137 | |
Mettler-Toledo International, Inc. (a)(d) | 24,159 | 4,355,385 | |
Pacific Biosciences of California, Inc. (a)(d) | 28,978 | 120,838 | |
PAREXEL International Corp. (a) | 52,568 | 1,286,865 | |
PerkinElmer, Inc. | 78,650 | 2,123,550 | |
pSivida Corp. (a) | 25,265 | 54,067 | |
Sequenom, Inc. (a)(d) | 88,233 | 381,167 | |
SeraCare Life Sciences, Inc. (a) | 4,298 | 17,063 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 5,410 | |
Techne Corp. | 26,162 | 1,872,938 | |
Thermo Fisher Scientific, Inc. | 303,487 | 17,183,434 | |
Waters Corp. (a) | 67,094 | 6,011,622 | |
| 66,364,428 | ||
Pharmaceuticals - 4.8% | |||
Abbott Laboratories | 1,235,457 | 69,939,221 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 9,347 | |
Akorn, Inc. (a)(d) | 43,869 | 549,679 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 85,991 | 53,744 | |
Alimera Sciences, Inc. (a) | 3,741 | 14,066 | |
Allergan, Inc. | 247,302 | 22,155,786 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 6,057 | 23,380 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 746,612 | |
| |||
Shares | Value | ||
AVANIR Pharmaceuticals Class A (a) | 65,547 | $ 180,910 | |
Biodel, Inc. (a) | 32,439 | 20,599 | |
Bristol-Myers Squibb Co. | 1,387,197 | 44,626,127 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 164,366 | |
Cempra, Inc. | 5,499 | 41,243 | |
ChemoCentryx, Inc. | 1,737 | 17,787 | |
Columbia Laboratories, Inc. (a) | 42,578 | 28,101 | |
Corcept Therapeutics, Inc. (a) | 36,105 | 141,893 | |
Cornerstone Therapeutics, Inc. (a) | 7,737 | 44,410 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 56,763 | |
DepoMed, Inc. (a)(d) | 31,971 | 201,098 | |
Durect Corp. (a) | 93,293 | 69,037 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 37,172 | |
Eli Lilly & Co. | 764,434 | 29,996,390 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 100,446 | 3,723,533 | |
Endocyte, Inc. | 47,373 | 168,174 | |
Forest Laboratories, Inc. (a) | 229,448 | 7,461,649 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 12,868 | 513,691 | |
Hospira, Inc. (a)(d) | 164,444 | 5,857,495 | |
Impax Laboratories, Inc. (a)(d) | 46,165 | 1,077,953 | |
Ista Pharmaceuticals, Inc. (a)(d) | 34,715 | 287,440 | |
Jazz Pharmaceuticals PLC (a) | 17,296 | 907,521 | |
Johnson & Johnson | 2,195,262 | 142,867,651 | |
KV Pharmaceutical Co. Class A (a)(d) | 106,840 | 148,508 | |
Lannett Co., Inc. (a) | 27,670 | 114,277 | |
MAP Pharmaceuticals, Inc. (a) | 12,387 | 198,811 | |
Medicis Pharmaceutical Corp. Class A (d) | 44,858 | 1,567,339 | |
Merck & Co., Inc. | 2,453,258 | 93,640,858 | |
Mylan, Inc. (a) | 369,805 | 8,668,229 | |
Nektar Therapeutics (a)(d) | 110,915 | 795,261 | |
NuPathe, Inc. (a) | 18,258 | 54,957 | |
Obagi Medical Products, Inc. (a) | 21,864 | 248,156 | |
Omeros Corp. (a) | 4,428 | 30,110 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 23,463 | 300,092 | |
Pacira Pharmaceuticals, Inc. | 9,810 | 104,967 | |
Pain Therapeutics, Inc. (a)(d) | 34,536 | 126,747 | |
Par Pharmaceutical Companies, Inc. (a) | 24,023 | 891,494 | |
Pernix Therapeutics Holdings, Inc. (a) | 5,833 | 50,280 | |
Perrigo Co. | 63,753 | 6,570,384 | |
Pfizer, Inc. | 6,153,479 | 129,838,407 | |
Pozen, Inc. (a) | 23,223 | 101,252 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 48,551 | 1,888,634 | |
Repros Therapeutics, Inc. (a) | 12,895 | 54,159 | |
Sagent Pharmaceuticals, Inc. | 10,801 | 234,274 | |
Salix Pharmaceuticals Ltd. (a)(d) | 38,646 | 1,906,021 | |
Santarus, Inc. (a) | 23,487 | 106,161 | |
Somaxon Pharmaceuticals, Inc. (a) | 52,262 | 31,880 | |
Synthetic Biologics, Inc. (a) | 9,114 | 20,051 | |
The Medicines Company (a) | 52,840 | 1,132,361 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 20,825 | |
Ventrus Biosciences, Inc. (a) | 5,603 | 59,840 | |
ViroPharma, Inc. (a)(d) | 55,566 | 1,781,446 | |
Vivus, Inc. (a)(d) | 63,327 | 1,424,858 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Warner Chilcott PLC (a) | 129,721 | $ 2,170,232 | |
Watson Pharmaceuticals, Inc. (a) | 97,907 | 5,709,936 | |
XenoPort, Inc. (a) | 33,327 | 133,308 | |
Zogenix, Inc. (a) | 31,169 | 71,065 | |
| 592,178,018 | ||
TOTAL HEALTH CARE | 1,386,083,527 | ||
INDUSTRIALS - 11.0% | |||
Aerospace & Defense - 2.2% | |||
AAR Corp. (d) | 29,755 | 656,098 | |
AeroVironment, Inc. (a)(d) | 13,243 | 377,161 | |
Alliant Techsystems, Inc. | 23,292 | 1,397,520 | |
American Science & Engineering, Inc. | 13,204 | 959,931 | |
API Technologies Corp. (a) | 22,349 | 84,703 | |
Ascent Solar Technologies, Inc. (a) | 33,082 | 25,142 | |
Astronics Corp. (a) | 4,574 | 152,909 | |
BE Aerospace, Inc. (a) | 69,691 | 3,194,635 | |
Ceradyne, Inc. | 17,193 | 531,436 | |
Cubic Corp. | 13,440 | 642,432 | |
Curtiss-Wright Corp. (d) | 35,352 | 1,313,327 | |
DigitalGlobe, Inc. (a) | 20,614 | 317,043 | |
Ducommun, Inc. | 15,643 | 238,869 | |
EDAC Technologies Corp. (a) | 2,262 | 23,525 | |
Esterline Technologies Corp. (a)(d) | 21,459 | 1,393,762 | |
Exelis, Inc. | 137,844 | 1,448,740 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 536,682 | |
General Dynamics Corp. | 231,403 | 16,945,642 | |
GeoEye, Inc. (a)(d) | 17,908 | 362,995 | |
Goodrich Corp. | 101,105 | 12,736,197 | |
HEICO Corp. Class A (d) | 25,642 | 1,022,603 | |
Hexcel Corp. (a)(d) | 68,067 | 1,720,053 | |
Honeywell International, Inc. | 580,063 | 34,554,353 | |
Huntington Ingalls Industries, Inc. (a) | 32,670 | 1,172,200 | |
Innovative Solutions & Support, Inc. (a) | 20,271 | 86,557 | |
KEYW Holding Corp. (a)(d) | 13,887 | 98,598 | |
Kratos Defense & Security Solutions, Inc. (a) | 25,078 | 159,747 | |
L-3 Communications Holdings, Inc. | 80,666 | 5,666,787 | |
LMI Aerospace, Inc. (a) | 6,877 | 139,947 | |
Lockheed Martin Corp. | 217,998 | 19,273,203 | |
Moog, Inc. Class A (a)(d) | 29,482 | 1,294,555 | |
National Presto Industries, Inc. | 4,216 | 365,063 | |
Northrop Grumman Corp. | 200,685 | 12,002,970 | |
Orbital Sciences Corp. (a)(d) | 39,974 | 561,635 | |
Precision Castparts Corp. | 117,640 | 19,696,465 | |
Raytheon Co. | 298,668 | 15,088,707 | |
Rockwell Collins, Inc. | 116,948 | 6,933,847 | |
Sparton Corp. (a) | 2,579 | 24,294 | |
| |||
Shares | Value | ||
Spirit AeroSystems Holdings, Inc. Class A (a)(d) | 83,434 | $ 1,999,079 | |
Sypris Solutions, Inc. (a) | 2,772 | 10,450 | |
Taser International, Inc. (a)(d) | 58,908 | 237,399 | |
Teledyne Technologies, Inc. (a)(d) | 25,240 | 1,504,304 | |
Textron, Inc. | 249,615 | 6,866,909 | |
The Boeing Co. | 535,144 | 40,109,043 | |
TransDigm Group, Inc. (a) | 39,452 | 4,686,503 | |
Triumph Group, Inc. | 32,470 | 2,071,586 | |
United Technologies Corp. | 634,327 | 53,201,005 | |
| 273,886,611 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 62,170 | 337,583 | |
Atlas Air Worldwide Holdings, Inc. (a)(d) | 43,607 | 1,858,530 | |
C.H. Robinson Worldwide, Inc. | 126,390 | 8,363,226 | |
Expeditors International of Washington, Inc. | 169,939 | 7,414,439 | |
FedEx Corp. | 235,769 | 21,216,852 | |
Forward Air Corp. | 23,667 | 796,868 | |
Hub Group, Inc. Class A (a)(d) | 25,258 | 899,943 | |
Pacer International, Inc. (a)(d) | 29,688 | 163,878 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 66,281 | |
Radiant Logistics, Inc. (a) | 14,104 | 32,439 | |
United Parcel Service, Inc. Class B | 549,869 | 42,279,427 | |
UTI Worldwide, Inc. | 71,523 | 1,154,381 | |
XPO Logistics, Inc. (a) | 5,264 | 88,277 | |
| 84,672,124 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 25,753 | 1,765,883 | |
Allegiant Travel Co. (a)(d) | 21,060 | 1,052,579 | |
Delta Air Lines, Inc. (a) | 696,399 | 6,831,674 | |
Hawaiian Holdings, Inc. (a) | 37,702 | 200,198 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 856,973 | |
Pinnacle Airlines Corp. (a) | 11,387 | 13,323 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 434,857 | |
SkyWest, Inc. (d) | 37,944 | 433,320 | |
Southwest Airlines Co. | 603,928 | 5,423,273 | |
Spirit Airlines, Inc. (a) | 15,904 | 310,605 | |
United Continental Holdings, Inc. (a)(d) | 250,567 | 5,174,209 | |
US Airways Group, Inc. (a) | 117,312 | 869,282 | |
| 23,366,176 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. | 33,683 | 1,521,124 | |
AAON, Inc. | 30,814 | 571,600 | |
Ameresco, Inc. Class A (a) | 38,199 | 538,224 | |
American Woodmark Corp. | 6,981 | 99,200 | |
Apogee Enterprises, Inc. | 33,247 | 441,188 | |
Armstrong World Industries, Inc. (a)(d) | 15,342 | 785,817 | |
Builders FirstSource, Inc. (a) | 22,494 | 68,157 | |
Fortune Brands Home & Security, Inc. (a) | 128,056 | 2,476,603 | |
Gibraltar Industries, Inc. (a) | 39,553 | 546,622 | |
Griffon Corp. | 38,833 | 415,125 | |
Insteel Industries, Inc. | 16,775 | 210,694 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Lennox International, Inc. (d) | 34,295 | $ 1,341,963 | |
Masco Corp. (d) | 257,162 | 3,055,085 | |
NCI Building Systems, Inc. (a)(d) | 16,002 | 193,624 | |
Owens Corning (a) | 116,435 | 3,685,168 | |
Quanex Building Products Corp. | 24,300 | 413,343 | |
Simpson Manufacturing Co. Ltd. (d) | 27,187 | 810,716 | |
Trex Co., Inc. (a)(d) | 11,686 | 314,704 | |
Universal Forest Products, Inc. (d) | 19,011 | 611,014 | |
USG Corp. (a)(d) | 46,968 | 669,294 | |
| 18,769,265 | ||
Commercial Services & Supplies - 0.6% | |||
A.T. Cross Co. Class A (a) | 3,205 | 31,890 | |
ABM Industries, Inc. (d) | 32,787 | 744,265 | |
ACCO Brands Corp. (a)(d) | 34,948 | 412,386 | |
Acorn Energy, Inc. | 7,981 | 65,843 | |
American Reprographics Co. (a)(d) | 46,203 | 243,952 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 50,802 | |
Asta Funding, Inc. | 4,468 | 35,208 | |
Avery Dennison Corp. | 88,769 | 2,707,455 | |
Casella Waste Systems, Inc. Class A (a)(d) | 50,882 | 333,277 | |
Cenveo, Inc. (a)(d) | 56,923 | 222,000 | |
Cintas Corp. | 89,845 | 3,464,423 | |
Clean Harbors, Inc. (a) | 33,813 | 2,270,881 | |
Consolidated Graphics, Inc. (a) | 12,018 | 561,120 | |
Copart, Inc. (a) | 58,019 | 2,888,186 | |
Corrections Corp. of America (a)(d) | 88,360 | 2,214,302 | |
Courier Corp. | 15,678 | 169,009 | |
Covanta Holding Corp. | 92,025 | 1,502,768 | |
Deluxe Corp. (d) | 54,408 | 1,342,245 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 360,045 | |
EnergySolutions, Inc. (a)(d) | 104,471 | 439,823 | |
EnerNOC, Inc. (a) | 15,233 | 119,884 | |
Ennis, Inc. | 21,290 | 356,820 | |
Fuel Tech, Inc. (a) | 21,725 | 134,478 | |
G&K Services, Inc. Class A | 10,202 | 340,033 | |
Healthcare Services Group, Inc. | 45,556 | 887,431 | |
Heritage-Crystal Clean, Inc. (a) | 2,763 | 61,090 | |
Herman Miller, Inc. | 40,346 | 847,266 | |
HNI Corp. | 36,970 | 934,602 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 325,265 | |
Interface, Inc. Class A | 44,100 | 540,225 | |
Intersections, Inc. | 7,586 | 88,529 | |
Iron Mountain, Inc. (d) | 166,503 | 5,169,918 | |
KAR Auction Services, Inc. (a) | 32,774 | 526,678 | |
Kimball International, Inc. Class B | 16,142 | 99,435 | |
Knoll, Inc. | 32,235 | 497,064 | |
McGrath RentCorp. | 17,562 | 557,594 | |
Metalico, Inc. (a)(d) | 41,543 | 208,546 | |
Mine Safety Appliances Co. | 26,951 | 993,414 | |
Mobile Mini, Inc. (a)(d) | 24,084 | 520,214 | |
| |||
Shares | Value | ||
Multi-Color Corp. | 7,946 | $ 173,779 | |
NL Industries, Inc. | 5,468 | 80,926 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 57,931 | |
Pitney Bowes, Inc. (d) | 142,010 | 2,574,641 | |
Portfolio Recovery Associates, Inc. (a)(d) | 11,960 | 833,971 | |
Quad/Graphics, Inc. | 18,905 | 283,008 | |
R.R. Donnelley & Sons Co. (d) | 148,125 | 2,047,088 | |
Republic Services, Inc. | 262,346 | 7,825,781 | |
Rollins, Inc. (d) | 56,964 | 1,154,091 | |
Schawk, Inc. Class A | 4,209 | 46,594 | |
Standard Parking Corp. (a)(d) | 5,698 | 102,849 | |
Standard Register Co. (d) | 6,365 | 9,993 | |
Steelcase, Inc. Class A (d) | 74,937 | 657,947 | |
Stericycle, Inc. (a)(d) | 61,330 | 5,321,604 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 59,712 | 176,151 | |
Sykes Enterprises, Inc. (a) | 30,728 | 423,432 | |
Team, Inc. (a) | 18,138 | 555,023 | |
Tetra Tech, Inc. (a)(d) | 44,643 | 1,096,432 | |
The Brink's Co. (d) | 40,696 | 1,027,574 | |
The Geo Group, Inc. (a)(d) | 57,559 | 1,013,614 | |
TMS International Corp. | 14,898 | 177,286 | |
TRC Companies, Inc. (a)(d) | 4,541 | 23,477 | |
Unifirst Corp. Massachusetts | 12,480 | 749,798 | |
United Stationers, Inc. | 31,409 | 912,117 | |
US Ecology, Inc. | 25,366 | 478,656 | |
Viad Corp. | 19,833 | 385,950 | |
Virco Manufacturing Co. | 2,682 | 5,498 | |
Waste Connections, Inc. | 87,111 | 2,832,850 | |
Waste Management, Inc. (d) | 318,741 | 11,149,560 | |
| 75,445,987 | ||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 90,995 | 2,124,733 | |
Aegion Corp. (a)(d) | 27,214 | 479,239 | |
Argan, Inc. | 3,060 | 45,869 | |
Comfort Systems USA, Inc. | 43,738 | 500,363 | |
Dycom Industries, Inc. (a) | 25,959 | 552,408 | |
EMCOR Group, Inc. | 48,972 | 1,361,422 | |
Fluor Corp. | 136,998 | 8,285,639 | |
Foster Wheeler AG (a) | 88,503 | 2,179,829 | |
Furmanite Corp. (a) | 17,662 | 128,933 | |
Granite Construction, Inc. (d) | 31,641 | 904,933 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 277,020 | |
Integrated Electrical Services, Inc. (a)(d) | 12,011 | 30,508 | |
Jacobs Engineering Group, Inc. (a)(d) | 100,035 | 4,623,618 | |
KBR, Inc. | 110,721 | 4,021,387 | |
Layne Christensen Co. (a) | 15,356 | 371,462 | |
MasTec, Inc. (a) | 48,062 | 845,411 | |
Michael Baker Corp. (a) | 6,265 | 151,174 | |
MYR Group, Inc. (a) | 25,270 | 506,158 | |
Northwest Pipe Co. (a)(d) | 12,188 | 298,362 | |
Orion Marine Group, Inc. (a) | 15,813 | 115,435 | |
Pike Electric Corp. (a) | 14,023 | 125,225 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Primoris Services Corp. | 17,623 | $ 271,042 | |
Quanta Services, Inc. (a) | 153,212 | 3,202,131 | |
Shaw Group, Inc. (a) | 55,953 | 1,619,280 | |
Sterling Construction Co., Inc. (a)(d) | 25,870 | 268,272 | |
Tutor Perini Corp. (a) | 24,002 | 378,752 | |
UniTek Global Services, Inc. (a) | 10,175 | 42,023 | |
URS Corp. (d) | 61,309 | 2,676,138 | |
| 36,386,766 | ||
Electrical Equipment - 0.7% | |||
A123 Systems, Inc. (a)(d) | 96,963 | 174,533 | |
Active Power, Inc. (a) | 52,517 | 36,757 | |
Acuity Brands, Inc. (d) | 30,960 | 1,925,402 | |
Allied Motion Technologies, Inc. | 4,209 | 30,094 | |
Altair Nanotechnologies, Inc. (a)(d) | 63,623 | 43,900 | |
American Superconductor Corp. (a)(d) | 110,872 | 496,707 | |
AMETEK, Inc. | 141,837 | 6,751,441 | |
AZZ, Inc. | 12,314 | 618,163 | |
Babcock & Wilcox Co. (a) | 97,803 | 2,517,449 | |
Belden, Inc. | 33,652 | 1,328,244 | |
Brady Corp. Class A | 41,502 | 1,325,989 | |
Broadwind Energy, Inc. (a) | 72,530 | 45,687 | |
Capstone Turbine Corp. (a)(d) | 582,341 | 646,399 | |
Coleman Cable, Inc. (a)(d) | 5,164 | 58,715 | |
Cooper Industries PLC Class A | 121,848 | 7,459,535 | |
Emerson Electric Co. | 594,548 | 29,911,710 | |
Encore Wire Corp. | 23,059 | 671,709 | |
EnerSys (a)(d) | 36,086 | 1,211,768 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 49,247 | |
Franklin Electric Co., Inc. (d) | 17,393 | 869,824 | |
FuelCell Energy, Inc. (a)(d) | 246,058 | 366,626 | |
Generac Holdings, Inc. (a) | 30,944 | 787,215 | |
General Cable Corp. (a)(d) | 39,737 | 1,230,655 | |
Global Power Equipment Group, Inc. (a) | 10,454 | 253,510 | |
GrafTech International Ltd. (a) | 132,891 | 1,689,045 | |
Hubbell, Inc. Class B | 39,086 | 2,940,049 | |
II-VI, Inc. (a)(d) | 36,783 | 860,354 | |
LSI Industries, Inc. | 16,481 | 113,884 | |
MagneTek, Inc. (a) | 2,664 | 36,603 | |
Nexxus Lighting, Inc. (a) | 1,806 | 2,005 | |
Ocean Power Technologies, Inc. (a)(d) | 5,875 | 19,681 | |
Plug Power, Inc. (a)(d) | 38,179 | 84,757 | |
Polypore International, Inc. (a)(d) | 32,865 | 1,351,409 | |
Powell Industries, Inc. (a)(d) | 7,721 | 253,172 | |
PowerSecure International, Inc. (a)(d) | 20,869 | 125,005 | |
Preformed Line Products Co. | 1,689 | 111,592 | |
Regal-Beloit Corp. (d) | 26,752 | 1,805,760 | |
Rockwell Automation, Inc. | 117,791 | 9,420,924 | |
Roper Industries, Inc. (d) | 74,094 | 6,781,083 | |
Satcon Technology Corp. (a)(d) | 75,540 | 37,770 | |
SL Industries, Inc. (a) | 2,156 | 37,191 | |
Thermon Group Holdings, Inc. | 10,097 | 203,354 | |
| |||
Shares | Value | ||
Thomas & Betts Corp. (a) | 37,135 | $ 2,682,261 | |
Ultralife Corp. (a) | 13,410 | 66,111 | |
Valence Technology, Inc. (a)(d) | 105,179 | 97,816 | |
Vicor Corp. | 10,982 | 89,174 | |
| 87,620,279 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 518,960 | 45,460,896 | |
Carlisle Companies, Inc. (d) | 43,210 | 2,108,648 | |
Danaher Corp. | 462,943 | 24,457,279 | |
General Electric Co. | 8,440,000 | 160,782,000 | |
Raven Industries, Inc. (d) | 15,000 | 945,750 | |
Seaboard Corp. (a)(d) | 249 | 476,367 | |
Standex International Corp. | 10,804 | 412,821 | |
Tyco International Ltd. | 358,852 | 18,595,711 | |
| 253,239,472 | ||
Machinery - 2.5% | |||
Accuride Corp. (a) | 79,004 | 628,082 | |
Actuant Corp. Class A (d) | 48,056 | 1,353,738 | |
Adept Technology, Inc. (a) | 584 | 2,365 | |
AGCO Corp. (a)(d) | 70,548 | 3,642,393 | |
Alamo Group, Inc. | 14,374 | 386,229 | |
Albany International Corp. Class A | 29,462 | 704,731 | |
Altra Holdings, Inc. (a) | 19,022 | 370,739 | |
American Railcar Industries, Inc. (a) | 11,797 | 348,012 | |
Ampco-Pittsburgh Corp. | 10,414 | 220,881 | |
Astec Industries, Inc. (a)(d) | 12,338 | 468,227 | |
Barnes Group, Inc. | 31,261 | 865,930 | |
Blount International, Inc. (a) | 31,486 | 539,985 | |
Briggs & Stratton Corp. | 42,488 | 719,747 | |
Cascade Corp. | 11,310 | 602,144 | |
Caterpillar, Inc. | 464,889 | 53,094,973 | |
Chart Industries, Inc. (a)(d) | 21,388 | 1,462,725 | |
CIRCOR International, Inc. | 13,068 | 432,681 | |
CLARCOR, Inc. | 35,686 | 1,801,072 | |
Colfax Corp. (a)(d) | 35,245 | 1,199,035 | |
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | 449,084 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 931,885 | |
Crane Co. | 35,717 | 1,734,775 | |
Cummins, Inc. | 142,433 | 17,173,147 | |
Deere & Co. | 321,573 | 26,668,049 | |
Donaldson Co., Inc. | 51,141 | 3,755,284 | |
Douglas Dynamics, Inc. | 12,103 | 157,339 | |
Dover Corp. | 158,638 | 10,156,005 | |
Dynamic Materials Corp. | 12,763 | 284,743 | |
Eastern Co. | 943 | 18,106 | |
Eaton Corp. | 258,323 | 13,481,877 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 175,687 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 840,705 | |
ESCO Technologies, Inc. (d) | 20,247 | 724,640 | |
Federal Signal Corp. (a)(d) | 80,990 | 380,653 | |
Flow International Corp. (a)(d) | 30,791 | 123,164 | |
Flowserve Corp. | 41,509 | 4,921,722 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
FreightCar America, Inc. | 19,411 | $ 536,714 | |
Gardner Denver, Inc. | 36,882 | 2,533,056 | |
Gorman-Rupp Co. (d) | 14,200 | 409,954 | |
Graco, Inc. | 43,224 | 2,212,204 | |
Graham Corp. | 12,124 | 282,853 | |
Greenbrier Companies, Inc. (a)(d) | 15,464 | 390,930 | |
Hardinge, Inc. | 12,474 | 122,619 | |
Harsco Corp. | 57,382 | 1,275,602 | |
Hurco Companies, Inc. (a) | 3,319 | 79,092 | |
IDEX Corp. | 58,989 | 2,465,740 | |
Illinois Tool Works, Inc. | 345,543 | 19,243,290 | |
Ingersoll-Rand PLC | 273,625 | 10,912,165 | |
ITT Corp. | 114,023 | 2,844,874 | |
John Bean Technologies Corp. | 23,559 | 406,864 | |
Joy Global, Inc. | 93,181 | 8,103,020 | |
Kadant, Inc. (a) | 18,429 | 402,489 | |
Kaydon Corp. | 29,963 | 1,127,208 | |
Kennametal, Inc. (d) | 57,964 | 2,670,401 | |
L.B. Foster Co. Class A | 10,636 | 313,230 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,110,356 | |
Lindsay Corp. | 10,287 | 674,724 | |
Lydall, Inc. (a) | 9,770 | 89,005 | |
Manitowoc Co., Inc. | 95,250 | 1,499,235 | |
Meritor, Inc. (a) | 87,590 | 649,042 | |
Met-Pro Corp. | 5,616 | 49,814 | |
Middleby Corp. (a)(d) | 16,713 | 1,633,529 | |
Miller Industries, Inc. | 10,768 | 170,565 | |
Mueller Industries, Inc. | 27,692 | 1,273,832 | |
Mueller Water Products, Inc. Class A | 87,385 | 259,533 | |
NACCO Industries, Inc. Class A | 5,119 | 500,638 | |
Navistar International Corp. (a) | 55,357 | 2,312,815 | |
NN, Inc. (a)(d) | 12,121 | 108,362 | |
Nordson Corp. | 45,409 | 2,496,133 | |
Omega Flex, Inc. (a) | 258 | 4,069 | |
Oshkosh Truck Corp. (a) | 75,655 | 1,763,518 | |
PACCAR, Inc. | 301,814 | 13,886,462 | |
Pall Corp. | 84,786 | 5,379,672 | |
Parker Hannifin Corp. | 124,049 | 11,140,841 | |
Pentair, Inc. (d) | 68,772 | 2,647,722 | |
PMFG, Inc. (a) | 15,367 | 252,172 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 993,529 | |
Robbins & Myers, Inc. | 32,129 | 1,568,216 | |
Sauer-Danfoss, Inc. (a) | 13,027 | 705,282 | |
Snap-On, Inc. | 40,414 | 2,470,508 | |
SPX Corp. | 36,737 | 2,686,944 | |
Stanley Black & Decker, Inc. | 128,823 | 9,893,606 | |
Sun Hydraulics Corp. | 19,343 | 635,611 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 18,712 | 85,888 | |
Tennant Co. | 13,999 | 574,519 | |
Terex Corp. (a) | 80,585 | 2,046,053 | |
| |||
Shares | Value | ||
Timken Co. | 55,895 | $ 2,928,898 | |
Titan International, Inc. | 31,894 | 785,868 | |
Toro Co. (d) | 24,680 | 1,671,823 | |
TriMas Corp. (a)(d) | 21,882 | 530,201 | |
Trinity Industries, Inc. (d) | 57,002 | 1,981,390 | |
Twin Disc, Inc. (d) | 7,177 | 229,377 | |
Valmont Industries, Inc. (d) | 15,781 | 1,752,796 | |
Wabash National Corp. (a)(d) | 74,589 | 787,660 | |
WABCO Holdings, Inc. (a) | 48,843 | 2,905,670 | |
Wabtec Corp. | 49,289 | 3,683,367 | |
Watts Water Technologies, Inc. Class A (d) | 38,674 | 1,529,170 | |
Woodward, Inc. | 51,161 | 2,239,317 | |
Xylem, Inc. | 140,492 | 3,649,982 | |
| 304,390,573 | ||
Marine - 0.0% | |||
Alexander & Baldwin, Inc. | 29,287 | 1,359,210 | |
Baltic Trading Ltd. | 21,117 | 96,716 | |
Eagle Bulk Shipping, Inc. (a)(d) | 76,396 | 122,234 | |
Genco Shipping & Trading Ltd. (a)(d) | 78,839 | 540,047 | |
International Shipholding Corp. | 7,999 | 171,979 | |
Kirby Corp. (a)(d) | 38,314 | 2,629,107 | |
| 4,919,293 | ||
Professional Services - 0.3% | |||
Acacia Research Corp. - Acacia Technologies (a) | 31,494 | 1,244,013 | |
Advisory Board Co. (a)(d) | 15,789 | 1,277,962 | |
Barrett Business Services, Inc. | 3,040 | 51,741 | |
CBIZ, Inc. (a)(d) | 37,390 | 243,035 | |
CDI Corp. | 6,150 | 92,312 | |
Corporate Executive Board Co. | 26,015 | 1,078,062 | |
CoStar Group, Inc. (a)(d) | 17,606 | 1,056,008 | |
CRA International, Inc. (a) | 15,589 | 371,174 | |
CTPartners Executive Search, Inc. (a) | 859 | 5,961 | |
Dolan Co. (a)(d) | 21,177 | 190,169 | |
Dun & Bradstreet Corp. | 36,211 | 2,992,839 | |
Equifax, Inc. | 88,390 | 3,715,916 | |
Exponent, Inc. (a)(d) | 15,525 | 748,616 | |
Franklin Covey Co. (a) | 2,282 | 20,082 | |
FTI Consulting, Inc. (a)(d) | 36,212 | 1,451,015 | |
GP Strategies Corp. (a) | 3,391 | 53,103 | |
Heidrick & Struggles International, Inc. | 22,259 | 452,303 | |
Hill International, Inc. (a) | 13,945 | 74,745 | |
Hudson Highland Group, Inc. (a)(d) | 8,927 | 39,904 | |
Huron Consulting Group, Inc. (a) | 16,504 | 630,123 | |
ICF International, Inc. (a) | 17,107 | 443,585 | |
IHS, Inc. Class A (a)(d) | 41,214 | 3,897,608 | |
Insperity, Inc. | 15,769 | 475,120 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 289,410 | |
Kforce, Inc. (a)(d) | 25,995 | 366,530 | |
Korn/Ferry International (a)(d) | 33,723 | 538,556 | |
Manpower, Inc. | 59,376 | 2,557,324 | |
Mastech Holdings, Inc. (a) | 299 | 1,588 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
MISTRAS Group, Inc. (a) | 12,788 | $ 286,451 | |
Navigant Consulting, Inc. (a)(d) | 41,733 | 563,813 | |
Nielsen Holdings B.V. (a) | 48,341 | 1,425,576 | |
Odyssey Marine Exploration, Inc. (a)(d) | 19,002 | 57,956 | |
On Assignment, Inc. (a) | 26,316 | 365,266 | |
Pendrell Corp. (a) | 126,539 | 306,224 | |
RCM Technologies, Inc. (a) | 1,203 | 6,508 | |
Resources Connection, Inc. | 43,312 | 566,088 | |
Robert Half International, Inc. | 105,423 | 2,997,176 | |
RPX Corp. | 12,247 | 206,362 | |
Spherix, Inc. (a) | 232 | 188 | |
Towers Watson & Co. | 48,457 | 3,098,341 | |
TrueBlue, Inc. (a) | 38,883 | 643,902 | |
Verisk Analytics, Inc. (a) | 106,319 | 4,624,877 | |
VSE Corp. | 1,834 | 44,805 | |
| 39,552,337 | ||
Road & Rail - 0.9% | |||
AMERCO | 6,519 | 678,889 | |
Arkansas Best Corp. (d) | 18,872 | 335,922 | |
Avis Budget Group, Inc. (a)(d) | 78,355 | 1,010,780 | |
Celadon Group, Inc. | 57,193 | 844,169 | |
Con-way, Inc. (d) | 37,353 | 1,103,781 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 31,307 | |
CSX Corp. | 852,220 | 17,905,142 | |
Dollar Thrifty Automotive Group, Inc. (a) | 19,104 | 1,450,185 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 27,283 | 1,621,156 | |
Heartland Express, Inc. (d) | 35,341 | 511,384 | |
Hertz Global Holdings, Inc. (a)(d) | 176,222 | 2,519,975 | |
J.B. Hunt Transport Services, Inc. | 80,895 | 4,142,633 | |
Kansas City Southern (a)(d) | 80,222 | 5,581,847 | |
Knight Transportation, Inc. | 36,896 | 632,028 | |
Landstar System, Inc. (d) | 32,065 | 1,733,434 | |
Marten Transport Ltd. | 20,799 | 434,075 | |
Norfolk Southern Corp. | 270,164 | 18,614,300 | |
Old Dominion Freight Lines, Inc. (a)(d) | 46,240 | 2,011,902 | |
Patriot Transportation Holding, Inc. (a) | 1,312 | 29,520 | |
Providence & Worcester Railroad Co. | 4,631 | 67,520 | |
Quality Distribution, Inc. (a) | 25,189 | 327,709 | |
RailAmerica, Inc. (a) | 21,609 | 445,145 | |
Roadrunner Transportation Systems, Inc. (a) | 7,586 | 135,410 | |
Ryder System, Inc. | 36,836 | 1,960,780 | |
Saia, Inc. (a) | 11,656 | 190,109 | |
Swift Transporation Co. (a) | 51,169 | 599,701 | |
Union Pacific Corp. | 385,211 | 42,469,513 | |
Universal Truckload Services, Inc. | 2,515 | 39,209 | |
USA Truck, Inc. (a) | 1,841 | 15,059 | |
Werner Enterprises, Inc. (d) | 39,422 | 954,801 | |
| |||
Shares | Value | ||
YRC Worldwide, Inc. (a) | 240 | $ 2,194 | |
Zipcar, Inc. (a)(d) | 19,521 | 253,968 | |
| 108,653,547 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 269,475 | |
AeroCentury Corp. (a) | 688 | 6,811 | |
Air Lease Corp. Class A (d) | 53,855 | 1,324,294 | |
Aircastle Ltd. | 32,942 | 448,341 | |
Applied Industrial Technologies, Inc. | 26,028 | 1,045,545 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,047,353 | |
BlueLinx Corp. (a) | 17,176 | 40,192 | |
CAI International, Inc. (a)(d) | 7,670 | 154,551 | |
DXP Enterprises, Inc. (a) | 1,851 | 68,487 | |
Essex Rental Corp. (a)(d) | 16,688 | 61,912 | |
Fastenal Co. (d) | 252,177 | 13,284,684 | |
GATX Corp. | 32,405 | 1,409,293 | |
H&E Equipment Services, Inc. (a)(d) | 17,348 | 299,947 | |
Houston Wire & Cable Co. | 15,647 | 222,187 | |
Interline Brands, Inc. (a)(d) | 20,339 | 418,170 | |
Kaman Corp. | 17,880 | 616,681 | |
Lawson Products, Inc. | 3,745 | 61,081 | |
MSC Industrial Direct Co., Inc. Class A | 35,219 | 2,796,741 | |
RSC Holdings, Inc. (a) | 42,293 | 941,865 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 602,074 | |
TAL International Group, Inc. | 16,704 | 602,012 | |
Textainer Group Holdings Ltd. | 13,061 | 433,886 | |
Titan Machinery, Inc. (a) | 17,235 | 451,385 | |
United Rentals, Inc. (a)(d) | 47,810 | 1,992,721 | |
W.W. Grainger, Inc. | 52,656 | 10,938,231 | |
Watsco, Inc. | 17,655 | 1,260,390 | |
WESCO International, Inc. (a)(d) | 30,088 | 1,892,234 | |
Willis Lease Finance Corp. (a) | 2,006 | 29,027 | |
| 42,719,570 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a) | 18,229 | 268,149 | |
TOTAL INDUSTRIALS | 1,353,890,149 | ||
INFORMATION TECHNOLOGY - 19.2% | |||
Communications Equipment - 2.0% | |||
Acme Packet, Inc. (a)(d) | 46,234 | 1,409,212 | |
ADTRAN, Inc. (d) | 45,765 | 1,613,216 | |
Alliance Fiber Optic Products, Inc. (a) | 8,067 | 74,781 | |
Ambient Corp. (a) | 1,932 | 9,274 | |
Anaren, Inc. (a) | 31,499 | 552,492 | |
Arris Group, Inc. (a) | 84,319 | 960,393 | |
Aruba Networks, Inc. (a)(d) | 71,459 | 1,542,800 | |
Aviat Networks, Inc. (a) | 66,605 | 175,171 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 122,919 | |
Black Box Corp. | 16,753 | 450,991 | |
Blonder Tongue Laboratories, Inc. (a) | 3,352 | 4,425 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Brocade Communications Systems, Inc. (a) | 336,853 | $ 1,947,010 | |
CalAmp Corp. (a) | 8,197 | 35,247 | |
Calix Networks, Inc. (a) | 19,283 | 174,318 | |
Ciena Corp. (a) | 64,815 | 967,040 | |
Cisco Systems, Inc. | 4,278,965 | 85,065,824 | |
Communications Systems, Inc. | 4,311 | 62,768 | |
Comtech Telecommunications Corp. (d) | 22,438 | 724,074 | |
Comverse Technology, Inc. (a) | 148,465 | 953,145 | |
Digi International, Inc. (a)(d) | 21,456 | 241,165 | |
Ditech Networks, Inc. (a) | 7,261 | 6,463 | |
EchoStar Holding Corp. Class A (a) | 36,937 | 1,107,002 | |
EMCORE Corp. (a)(d) | 14,874 | 64,553 | |
Emulex Corp. (a) | 66,808 | 698,812 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a) | 100,558 | 371,059 | |
F5 Networks, Inc. (a) | 59,599 | 7,447,491 | |
Finisar Corp. (a)(d) | 64,308 | 1,304,809 | |
Globecomm Systems, Inc. (a) | 11,676 | 169,185 | |
Harmonic, Inc. (a) | 75,490 | 444,636 | |
Harris Corp. | 108,567 | 4,736,778 | |
Infinera Corp. (a)(d) | 68,698 | 546,836 | |
InterDigital, Inc. (d) | 33,368 | 1,262,979 | |
Ixia (a)(d) | 32,033 | 442,696 | |
JDS Uniphase Corp. (a)(d) | 177,119 | 2,309,632 | |
Juniper Networks, Inc. (a) | 460,375 | 10,478,135 | |
KVH Industries, Inc. (a) | 19,663 | 179,720 | |
Lantronix, Inc. (a) | 71 | 209 | |
Loral Space & Communications Ltd. (a) | 9,406 | 670,083 | |
Meru Networks, Inc. (a)(d) | 20,865 | 98,483 | |
Motorola Mobility Holdings, Inc. (a) | 255,327 | 10,136,482 | |
Motorola Solutions, Inc. | 227,709 | 11,339,908 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,203,442 | |
Network Engines, Inc. (a) | 28,981 | 41,153 | |
Network Equipment Technologies, Inc. (a)(d) | 15,181 | 10,946 | |
NumereX Corp. Class A (a)(d) | 2,670 | 25,979 | |
Oclaro, Inc. (a)(d) | 28,804 | 124,433 | |
Oplink Communications, Inc. (a) | 15,273 | 250,630 | |
Opnext, Inc. (a) | 39,034 | 39,424 | |
Optical Cable Corp. | 564 | 1,974 | |
ORBCOMM, Inc. (a)(d) | 20,031 | 64,700 | |
Parkervision, Inc. (a)(d) | 34,215 | 28,330 | |
PC-Tel, Inc. | 2,259 | 16,604 | |
Performance Technologies, Inc. (a) | 2,977 | 5,984 | |
Plantronics, Inc. | 39,954 | 1,490,284 | |
Polycom, Inc. (a) | 189,613 | 3,915,508 | |
Powerwave Technologies, Inc. (a)(d) | 17,873 | 25,380 | |
Procera Networks, Inc. (a) | 21,122 | 411,034 | |
QUALCOMM, Inc. | 1,339,659 | 83,299,997 | |
Riverbed Technology, Inc. (a)(d) | 114,012 | 3,245,922 | |
| |||
Shares | Value | ||
ShoreTel, Inc. (a)(d) | 4,948 | $ 26,571 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 653,569 | |
Sycamore Networks, Inc. (a) | 13,906 | 256,844 | |
Symmetricom, Inc. (a)(d) | 21,713 | 127,455 | |
Tellabs, Inc. | 247,829 | 981,403 | |
Telular Corp. | 1,806 | 13,581 | |
Tessco Technologies, Inc. | 3,361 | 61,574 | |
Ubiquiti Networks, Inc. (d) | 4,528 | 118,996 | |
UTStarcom Holdings Corp. (a) | 124,511 | 174,315 | |
ViaSat, Inc. (a)(d) | 30,912 | 1,425,971 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 48,030 | |
Zhone Technologies, Inc. (a) | 5,862 | 7,034 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 39,170 | |
| 249,038,453 | ||
Computers & Peripherals - 4.6% | |||
3D Systems Corp. (a)(d) | 26,596 | 595,750 | |
Apple, Inc. (a) | 743,137 | 403,107,204 | |
Astro-Med, Inc. | 4,606 | 37,263 | |
Avid Technology, Inc. (a)(d) | 34,710 | 369,662 | |
Concurrent Computer Corp. (a) | 987 | 3,672 | |
Cray, Inc. (a) | 32,010 | 255,120 | |
Datalink Corp. (a) | 9,248 | 78,700 | |
Dataram Corp. (a) | 3,336 | 2,635 | |
Dell, Inc. (a) | 1,327,547 | 22,966,563 | |
Diebold, Inc. | 54,057 | 2,115,250 | |
Dot Hill Systems Corp. (a)(d) | 82,138 | 114,172 | |
Electronics for Imaging, Inc. (a) | 55,580 | 887,057 | |
EMC Corp. (a)(d) | 1,649,316 | 45,669,560 | |
Fusion-io, Inc. (d) | 9,114 | 248,812 | |
Hauppauge Digital, Inc. (a) | 430 | 555 | |
Hewlett-Packard Co. | 1,598,167 | 40,449,607 | |
Hutchinson Technology, Inc. (a)(d) | 26,208 | 56,871 | |
iGO, Inc. (a) | 68,212 | 47,748 | |
Imation Corp. (a) | 19,750 | 123,438 | |
Immersion Corp. (a) | 33,895 | 219,979 | |
Intermec, Inc. (a)(d) | 37,733 | 282,243 | |
Interphase Corp. (a) | 10,718 | 53,054 | |
Intevac, Inc. (a) | 17,689 | 139,743 | |
Lexmark International, Inc. Class A | 56,069 | 2,067,825 | |
MidgardXXI, Inc. (a) | 10 | 0 | |
NCR Corp. (a) | 113,005 | 2,454,469 | |
NetApp, Inc. (a)(d) | 322,353 | 13,861,179 | |
Novatel Wireless, Inc. (a) | 27,517 | 94,383 | |
OCZ Technology Group, Inc. (a)(d) | 45,585 | 391,575 | |
Overland Storage, Inc. (a) | 596 | 1,377 | |
Presstek, Inc. (a) | 7,291 | 4,448 | |
QLogic Corp. (a)(d) | 79,628 | 1,368,805 | |
Quantum Corp. (a)(d) | 153,724 | 404,294 | |
Rimage Corp. | 6,017 | 65,886 | |
SanDisk Corp. (a) | 191,635 | 9,478,267 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology | 321,490 | 8,442,327 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
Silicon Graphics International Corp. (a)(d) | 32,579 | $ 315,691 | |
STEC, Inc. (a)(d) | 29,627 | 287,086 | |
Stratasys, Inc. (a)(d) | 19,165 | 706,039 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 443,388 | |
Synaptics, Inc. (a) | 22,919 | 842,273 | |
Transact Technologies, Inc. (a) | 3,411 | 22,990 | |
USA Technologies, Inc. (a) | 26,460 | 26,989 | |
Video Display Corp. (a) | 2,957 | 17,298 | |
Western Digital Corp. (a) | 203,569 | 7,990,083 | |
| 567,111,330 | ||
Electronic Equipment & Components - 0.8% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 3,453 | |
Aeroflex Holding Corp. (a) | 11,165 | 122,480 | |
Agilysys, Inc. (a)(d) | 29,298 | 235,849 | |
Amphenol Corp. Class A | 129,122 | 7,225,667 | |
Anixter International, Inc. (a)(d) | 21,905 | 1,523,274 | |
Arrow Electronics, Inc. (a) | 85,228 | 3,421,904 | |
Avnet, Inc. (a) | 111,339 | 3,979,256 | |
AVX Corp. | 35,625 | 471,675 | |
Badger Meter, Inc. | 27,105 | 871,968 | |
Benchmark Electronics, Inc. (a)(d) | 50,023 | 821,378 | |
Brightpoint, Inc. (a) | 109,219 | 961,127 | |
Checkpoint Systems, Inc. (a)(d) | 27,013 | 299,844 | |
Clearfield, Inc. (a) | 2,407 | 13,648 | |
Cognex Corp. | 33,219 | 1,416,458 | |
Coherent, Inc. (a)(d) | 20,405 | 1,132,069 | |
Comverge, Inc. (a) | 37,629 | 51,928 | |
Corning, Inc. | 1,309,123 | 17,070,964 | |
CTS Corp. (d) | 18,339 | 182,473 | |
Daktronics, Inc. (d) | 32,196 | 289,764 | |
DDi Corp. | 2,322 | 25,240 | |
Document Security Systems, Inc. (a)(d) | 5,625 | 25,481 | |
Dolby Laboratories, Inc. Class A (a)(d) | 41,734 | 1,588,813 | |
DTS, Inc. (a)(d) | 18,857 | 529,505 | |
Echelon Corp. (a)(d) | 32,190 | 158,375 | |
Electro Rent Corp. | 7,772 | 140,285 | |
Electro Scientific Industries, Inc. | 21,640 | 299,498 | |
eMagin Corp. (a) | 5,084 | 16,116 | |
Fabrinet (a) | 16,812 | 300,430 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 1,034,218 | |
FEI Co. (a)(d) | 28,037 | 1,248,207 | |
FLIR Systems, Inc. | 126,251 | 3,303,989 | |
Frequency Electronics, Inc. (a) | 430 | 3,479 | |
Giga-Tronics, Inc. (a) | 2,579 | 3,275 | |
GTSI Corp. (a) | 2,043 | 9,643 | |
I. D. Systems Inc. (a) | 6,071 | 37,397 | |
Identive Group, Inc. (a)(d) | 86,261 | 191,499 | |
IEC Electronics Corp. (a) | 86 | 410 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,788,924 | |
Insight Enterprises, Inc. (a) | 31,583 | 660,085 | |
| |||
Shares | Value | ||
IPG Photonics Corp. (a)(d) | 18,873 | $ 993,286 | |
Iteris, Inc. (a) | 1,032 | 1,548 | |
Itron, Inc. (a)(d) | 29,456 | 1,308,436 | |
Jabil Circuit, Inc. | 146,454 | 3,782,907 | |
KEMET Corp. (a) | 26,217 | 236,215 | |
LeCroy Corp. (a) | 12,224 | 111,972 | |
LightPath Technologies, Inc. Class A (a) | 376 | 669 | |
Littelfuse, Inc. | 21,280 | 1,126,350 | |
LoJack Corp. (a) | 24,621 | 90,605 | |
LRAD Corp. (a) | 56,581 | 80,345 | |
Maxwell Technologies, Inc. (a) | 15,285 | 278,034 | |
Measurement Specialties, Inc. (a)(d) | 15,282 | 496,971 | |
Mercury Computer Systems, Inc. (a)(d) | 23,393 | 336,157 | |
Mesa Laboratories, Inc. | 2,184 | 116,822 | |
Methode Electronics, Inc. Class A | 27,713 | 253,574 | |
Micronetics, Inc. (a) | 977 | 8,197 | |
MicroVision, Inc. (a)(d) | 33,139 | 107,039 | |
MOCON, Inc. | 2,209 | 37,995 | |
Molex, Inc. | 125,980 | 3,414,058 | |
MTS Systems Corp. | 16,730 | 821,610 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 269,926 | |
National Instruments Corp. (d) | 77,745 | 2,068,017 | |
NeoPhotonics Corp. | 11,524 | 61,423 | |
NetList, Inc. (a)(d) | 67,152 | 233,689 | |
Newport Corp. (a) | 23,268 | 389,041 | |
OSI Systems, Inc. (a) | 17,430 | 1,028,370 | |
Park Electrochemical Corp. | 16,314 | 464,949 | |
PC Connection, Inc. | 4,375 | 39,113 | |
PC Mall, Inc. (a) | 4,077 | 24,666 | |
Planar Systems, Inc. (a) | 2,277 | 4,668 | |
Plexus Corp. (a)(d) | 33,577 | 1,165,122 | |
Power-One, Inc. (a) | 66,414 | 288,237 | |
Pulse Electronics Corp. | 50,135 | 154,416 | |
RadiSys Corp. (a) | 9,220 | 69,058 | |
RealD, Inc. (a)(d) | 37,860 | 446,748 | |
Research Frontiers, Inc. (a) | 1,719 | 6,017 | |
Richardson Electronics Ltd. | 14,373 | 176,213 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 522,454 | |
Rogers Corp. (a) | 16,870 | 625,708 | |
Sanmina-SCI Corp. (a) | 57,434 | 666,234 | |
ScanSource, Inc. (a)(d) | 19,738 | 730,306 | |
SYNNEX Corp. (a)(d) | 16,578 | 683,511 | |
TE Connectivity Ltd. | 360,324 | 13,169,842 | |
Tech Data Corp. (a)(d) | 34,347 | 1,836,878 | |
Trimble Navigation Ltd. (a)(d) | 112,371 | 5,651,138 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 533,063 | |
Universal Display Corp. (a)(d) | 32,522 | 1,343,484 | |
Viasystems Group, Inc. (a) | 4,710 | 87,229 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,530,256 | |
Vishay Precision Group, Inc. (a) | 9,596 | 140,965 | |
Wayside Technology Group, Inc. | 1,232 | 15,708 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
X-Rite, Inc. (a)(d) | 25,574 | $ 115,850 | |
Zygo Corp. (a) | 9,828 | 188,501 | |
| 100,793,638 | ||
Internet Software & Services - 1.8% | |||
Active Network, Inc. | 16,913 | 270,608 | |
Akamai Technologies, Inc. (a) | 148,200 | 5,335,200 | |
Ancestry.com, Inc. (a)(d) | 20,613 | 469,564 | |
AOL, Inc. (a)(d) | 78,638 | 1,412,338 | |
Autobytel, Inc. (a) | 5,742 | 5,570 | |
Bankrate, Inc. | 33,840 | 806,746 | |
Carbonite, Inc. (d) | 4,801 | 46,522 | |
comScore, Inc. (a) | 21,331 | 469,069 | |
Constant Contact, Inc. (a)(d) | 22,301 | 674,382 | |
Cornerstone OnDemand, Inc. | 13,725 | 284,657 | |
Crexendo, Inc. | 6,585 | 26,999 | |
DealerTrack Holdings, Inc. (a) | 34,664 | 965,392 | |
Demand Media, Inc. (a) | 24,152 | 165,683 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 314,272 | |
Digital River, Inc. (a) | 26,434 | 466,560 | |
EarthLink, Inc. | 80,611 | 602,164 | |
EasyLink Services International Corp. (a) | 13,300 | 62,111 | |
eBay, Inc. (a) | 908,088 | 32,455,065 | |
eGain Communications Corp. (a) | 8,558 | 44,587 | |
Equinix, Inc. (a)(d) | 42,644 | 5,977,836 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 35,027 | |
GlowPoint, Inc. (a) | 18,770 | 55,559 | |
Google, Inc. Class A (a) | 200,534 | 123,980,146 | |
IAC/InterActiveCorp | 59,783 | 2,726,105 | |
InfoSpace, Inc. (a) | 32,776 | 380,529 | |
Internap Network Services Corp. (a)(d) | 34,998 | 261,785 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
iPass, Inc. (a) | 22,438 | 48,466 | |
j2 Global, Inc. | 32,417 | 958,571 | |
Keynote Systems, Inc. | 17,976 | 357,543 | |
KIT Digital, Inc. (a)(d) | 29,076 | 293,958 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 124,385 | |
LinkedIn Corp. (a)(d) | 12,270 | 1,065,895 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 949,467 | |
LivePerson, Inc. (a)(d) | 31,684 | 477,795 | |
Local.com Corp. (a)(d) | 17,671 | 42,057 | |
LogMeIn, Inc. (a) | 22,955 | 846,121 | |
LoopNet, Inc. (a) | 32,780 | 603,152 | |
Marchex, Inc. Class B | 28,685 | 123,059 | |
Monster Worldwide, Inc. (a)(d) | 89,914 | 624,003 | |
Move, Inc. (a) | 35,516 | 311,120 | |
NIC, Inc. (d) | 64,465 | 779,382 | |
Onstream Media Corp. (a) | 29 | 17 | |
OpenTable, Inc. (a)(d) | 15,333 | 743,651 | |
Openwave Systems, Inc. (a)(d) | 76,683 | 185,573 | |
Perficient, Inc. (a) | 14,607 | 176,453 | |
quepasa.com, Inc. (a)(d) | 18,724 | 73,773 | |
| |||
Shares | Value | ||
QuinStreet, Inc. (a) | 17,620 | $ 184,129 | |
Rackspace Hosting, Inc. (a) | 84,736 | 4,426,609 | |
RealNetworks, Inc. | 22,443 | 227,796 | |
Responsys, Inc. | 13,609 | 164,261 | |
Saba Software, Inc. (a) | 20,826 | 244,081 | |
SciQuest, Inc. (a) | 7,578 | 114,049 | |
Selectica, Inc. (a) | 552 | 2,539 | |
SPS Commerce, Inc. (a) | 5,106 | 126,884 | |
Stamps.com, Inc. (a)(d) | 5,476 | 141,555 | |
Support.com, Inc. (a) | 101,132 | 333,736 | |
Synacor, Inc. | 5,439 | 26,542 | |
TechTarget, Inc. (a) | 1,217 | 8,397 | |
TheStreet.com, Inc. | 3,696 | 6,801 | |
Travelzoo, Inc. (a)(d) | 5,383 | 136,728 | |
United Online, Inc. (d) | 71,982 | 364,229 | |
ValueClick, Inc. (a)(d) | 56,521 | 1,175,637 | |
VeriSign, Inc. (d) | 129,741 | 4,793,930 | |
VistaPrint Ltd. (a)(d) | 28,654 | 1,165,645 | |
Vocus, Inc. (a)(d) | 23,379 | 316,318 | |
Web.com, Inc. (a) | 17,847 | 236,294 | |
WebMD Health Corp. (a) | 42,405 | 1,053,764 | |
WebMediaBrands, Inc. (a) | 1,032 | 702 | |
XO Group, Inc. (a)(d) | 22,964 | 207,595 | |
Yahoo!, Inc. (a) | 952,403 | 14,124,136 | |
Zillow, Inc. (a) | 2,697 | 86,088 | |
Zix Corp. (a) | 43,773 | 128,255 | |
| 217,089,990 | ||
IT Services - 3.5% | |||
Accenture PLC Class A | 559,482 | 33,311,558 | |
Acxiom Corp. (a) | 52,919 | 742,983 | |
Alliance Data Systems Corp. (a)(d) | 49,861 | 6,051,131 | |
Automatic Data Processing, Inc. | 397,015 | 21,565,855 | |
Booz Allen Hamilton Holding Corp. Class A | 8,727 | 160,664 | |
Broadridge Financial Solutions, Inc. | 87,381 | 2,126,854 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,210,123 | |
Cardtronics, Inc. (a) | 30,845 | 820,169 | |
Cass Information Systems, Inc. | 1,428 | 54,964 | |
Ciber, Inc. (a) | 53,912 | 236,135 | |
Cognizant Technology Solutions Corp. Class A (a) | 249,816 | 17,724,445 | |
Computer Sciences Corp. (d) | 116,344 | 3,695,085 | |
Computer Task Group, Inc. (a) | 1,648 | 24,242 | |
Convergys Corp. (a)(d) | 80,658 | 1,038,875 | |
CoreLogic, Inc. (a) | 76,798 | 1,181,153 | |
CSG Systems International, Inc. (a)(d) | 26,552 | 425,098 | |
CSP, Inc. | 3,696 | 14,119 | |
DST Systems, Inc. | 26,518 | 1,405,454 | |
Dynamics Research Corp. (a)(d) | 2,443 | 22,280 | |
Echo Global Logistics, Inc. (a)(d) | 7,746 | 144,076 | |
Edgewater Technology, Inc. (a) | 2,875 | 10,753 | |
EPAM Systems, Inc. | 6,277 | 88,568 | |
Euronet Worldwide, Inc. (a)(d) | 36,875 | 711,319 | |
ExlService Holdings, Inc. (a) | 13,702 | 381,190 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Fidelity National Information Services, Inc. | 242,609 | $ 7,697,984 | |
Fiserv, Inc. (a) | 126,468 | 8,384,828 | |
FleetCor Technologies, Inc. (a) | 22,298 | 825,695 | |
Forrester Research, Inc. | 10,441 | 336,513 | |
Gartner, Inc. Class A (a) | 61,997 | 2,495,999 | |
Genpact Ltd. (a) | 69,465 | 1,112,829 | |
Global Cash Access Holdings, Inc. (a)(d) | 58,402 | 324,715 | |
Global Payments, Inc. | 61,860 | 3,193,213 | |
Hackett Group, Inc. (a) | 5,515 | 26,582 | |
Heartland Payment Systems, Inc. | 30,852 | 873,729 | |
Higher One Holdings, Inc. (a)(d) | 21,234 | 312,140 | |
IBM Corp. | 946,365 | 186,178,386 | |
iGate Corp. (a)(d) | 19,383 | 337,846 | |
Innodata Isogen, Inc. (a) | 9,444 | 54,114 | |
Jack Henry & Associates, Inc. (d) | 64,694 | 2,182,776 | |
Lender Processing Services, Inc. | 62,754 | 1,383,098 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 89,834 | |
ManTech International Corp. Class A | 23,021 | 772,124 | |
MasterCard, Inc. Class A | 81,964 | 34,424,880 | |
Mattersight Corp. (a) | 4,307 | 24,722 | |
Maximus, Inc. | 30,123 | 1,256,430 | |
ModusLink Global Solutions, Inc. | 31,030 | 172,527 | |
MoneyGram International, Inc. (a) | 47,720 | 855,142 | |
NCI, Inc. Class A (a)(d) | 12,261 | 88,279 | |
NeuStar, Inc. Class A (a)(d) | 51,899 | 1,819,060 | |
Online Resources Corp. (a) | 26,280 | 78,840 | |
Paychex, Inc. (d) | 246,065 | 7,701,835 | |
PFSweb, Inc. (a) | 1,815 | 5,082 | |
PRG-Schultz International, Inc. (a) | 5,640 | 31,471 | |
SAIC, Inc. (a)(d) | 273,792 | 3,345,738 | |
Sapient Corp. (d) | 97,843 | 1,222,059 | |
ServiceSource International, Inc. | 26,438 | 444,158 | |
StarTek, Inc. (a) | 1,950 | 3,959 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Stream Global Services, Inc. (a) | 29,228 | 89,730 | |
Syntel, Inc. | 16,557 | 847,718 | |
Teletech Holdings, Inc. (a) | 19,293 | 294,604 | |
Teradata Corp. (a) | 126,713 | 8,432,750 | |
The Management Network Group, Inc. (a) | 206 | 515 | |
The Western Union Co. | 477,567 | 8,343,095 | |
TNS, Inc. (a) | 26,351 | 483,014 | |
Total System Services, Inc. | 136,562 | 2,987,977 | |
TSR, Inc. (a) | 43 | 189 | |
Unisys Corp. (a) | 35,389 | 661,067 | |
VeriFone Systems, Inc. (a)(d) | 74,468 | 3,566,273 | |
Virtusa Corp. (a) | 2,325 | 36,340 | |
Visa, Inc. Class A | 393,010 | 45,734,574 | |
Wright Express Corp. (a)(d) | 27,520 | 1,702,938 | |
| 434,384,464 | ||
| |||
Shares | Value | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | $ 9,933,692 | |
Zebra Technologies Corp. Class A (a) | 39,540 | 1,519,918 | |
| 11,453,610 | ||
Semiconductors & Semiconductor Equipment - 2.6% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 372,972 | |
Advanced Micro Devices, Inc. (a)(d) | 423,974 | 3,116,209 | |
AEHR Test Systems (a) | 3,126 | 2,501 | |
Aetrium, Inc. (a) | 2,064 | 1,754 | |
Altera Corp. | 244,713 | 9,409,215 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 734,639 | |
Amtech Systems, Inc. (a)(d) | 12,381 | 108,458 | |
ANADIGICS, Inc. (a)(d) | 39,656 | 101,916 | |
Analog Devices, Inc. | 259,067 | 10,158,017 | |
Applied Materials, Inc. | 1,081,624 | 13,239,078 | |
Applied Micro Circuits Corp. (a)(d) | 73,605 | 499,042 | |
Atmel Corp. (a)(d) | 322,880 | 3,264,317 | |
ATMI, Inc. (a) | 23,384 | 515,150 | |
AuthenTec, Inc. (a) | 7,194 | 25,179 | |
Axcelis Technologies, Inc. (a) | 75,586 | 125,473 | |
AXT, Inc. (a) | 22,615 | 129,584 | |
Broadcom Corp. Class A | 387,137 | 14,382,140 | |
Brooks Automation, Inc. | 46,495 | 555,615 | |
BTU International, Inc. (a) | 4,067 | 11,998 | |
Cabot Microelectronics Corp. | 23,133 | 1,162,433 | |
Cavium, Inc. (a)(d) | 36,402 | 1,300,643 | |
Ceva, Inc. (a)(d) | 14,448 | 356,143 | |
Cirrus Logic, Inc. (a)(d) | 43,561 | 1,027,168 | |
Cohu, Inc. | 18,095 | 203,026 | |
Cree, Inc. (a)(d) | 80,092 | 2,425,987 | |
CVD Equipment Corp. (a)(d) | 24,298 | 279,670 | |
Cymer, Inc. (a)(d) | 24,391 | 1,121,498 | |
Cypress Semiconductor Corp. (d) | 184,808 | 3,187,938 | |
Diodes, Inc. (a)(d) | 26,894 | 668,047 | |
DSP Group, Inc. (a) | 34,788 | 222,295 | |
Entegris, Inc. (a) | 103,421 | 934,926 | |
Entropic Communications, Inc. (a)(d) | 53,522 | 329,963 | |
Exar Corp. (a) | 27,190 | 190,330 | |
Fairchild Semiconductor International, Inc. (a) | 99,102 | 1,445,898 | |
First Solar, Inc. (a)(d) | 47,554 | 1,535,994 | |
FormFactor, Inc. (a) | 37,840 | 193,362 | |
FSI International, Inc. (a)(d) | 26,930 | 107,181 | |
GSI Technology, Inc. (a) | 4,316 | 19,854 | |
GT Advanced Technologies, Inc. (a)(d) | 91,707 | 785,012 | |
Hittite Microwave Corp. (a)(d) | 19,341 | 1,105,918 | |
Ikanos Communications, Inc. (a) | 35,040 | 26,301 | |
Inphi Corp. (a) | 9,279 | 133,246 | |
Integrated Device Technology, Inc. (a) | 100,471 | 694,255 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 286,559 | |
Intel Corp. | 4,067,111 | 109,323,944 | |
International Rectifier Corp. (a) | 50,327 | 1,129,841 | |
Intersil Corp. Class A (d) | 88,851 | 1,005,793 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Intest Corp. (a) | 2,175 | $ 7,547 | |
IXYS Corp. (a)(d) | 37,153 | 443,235 | |
KLA-Tencor Corp. | 134,341 | 6,502,104 | |
Kopin Corp. (a)(d) | 42,598 | 153,353 | |
Kulicke & Soffa Industries, Inc. (a) | 54,346 | 611,936 | |
Lam Research Corp. (a)(d) | 90,374 | 3,768,596 | |
Lattice Semiconductor Corp. (a) | 136,230 | 897,756 | |
Linear Technology Corp. | 156,591 | 5,242,667 | |
LSI Corp. (a) | 436,463 | 3,753,582 | |
LTX-Credence Corp. (a) | 48,731 | 328,934 | |
Marvell Technology Group Ltd. (a) | 448,792 | 6,731,880 | |
Mattson Technology, Inc. (a) | 39,367 | 108,259 | |
Maxim Integrated Products, Inc. | 221,144 | 6,167,706 | |
MaxLinear, Inc. Class A (a) | 10,522 | 57,871 | |
MEMC Electronic Materials, Inc. (a)(d) | 169,051 | 664,370 | |
Micrel, Inc. | 33,398 | 356,357 | |
Microchip Technology, Inc. (d) | 142,451 | 5,138,208 | |
Micron Technology, Inc. (a)(d) | 676,849 | 5,787,059 | |
Microsemi Corp. (a)(d) | 62,713 | 1,311,956 | |
Mindspeed Technologies, Inc. (a) | 20,470 | 133,260 | |
MIPS Technologies, Inc. (a)(d) | 41,504 | 239,063 | |
MKS Instruments, Inc. | 37,798 | 1,132,050 | |
Monolithic Power Systems, Inc. (a) | 35,284 | 655,930 | |
MoSys, Inc. (a)(d) | 9,566 | 36,542 | |
Nanometrics, Inc. (a)(d) | 28,664 | 503,053 | |
Novellus Systems, Inc. (a) | 59,418 | 2,761,749 | |
NVE Corp. (a)(d) | 6,043 | 323,301 | |
NVIDIA Corp. (a) | 448,017 | 6,787,458 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 726,730 | |
ON Semiconductor Corp. (a) | 400,227 | 3,630,059 | |
PDF Solutions, Inc. (a) | 4,311 | 34,617 | |
Pericom Semiconductor Corp. (a) | 17,514 | 134,683 | |
Photronics, Inc. (a)(d) | 74,723 | 523,808 | |
Pixelworks, Inc. (a) | 11,868 | 28,246 | |
PLX Technology, Inc. (a)(d) | 29,807 | 104,623 | |
PMC-Sierra, Inc. (a) | 166,615 | 1,144,645 | |
Power Integrations, Inc. | 28,590 | 1,066,407 | |
QuickLogic Corp. (a)(d) | 26,338 | 68,479 | |
Rambus, Inc. (a) | 76,083 | 538,668 | |
Ramtron International Corp. (a) | 22,353 | 42,471 | |
RF Micro Devices, Inc. (a)(d) | 198,693 | 947,766 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 163,891 | |
Rudolph Technologies, Inc. (a)(d) | 17,933 | 176,999 | |
Semtech Corp. (a)(d) | 45,838 | 1,316,009 | |
Sigma Designs, Inc. (a) | 22,818 | 131,204 | |
Silicon Image, Inc. (a) | 84,424 | 436,472 | |
Silicon Laboratories, Inc. (a)(d) | 30,879 | 1,383,379 | |
Skyworks Solutions, Inc. (a)(d) | 197,217 | 5,318,942 | |
Spansion, Inc. Class A (a) | 25,556 | 327,117 | |
Standard Microsystems Corp. (a)(d) | 24,875 | 636,551 | |
STR Holdings, Inc. (a)(d) | 37,233 | 264,354 | |
| |||
Shares | Value | ||
SunPower Corp. (a) | 29,517 | $ 222,263 | |
Supertex, Inc. (a) | 19,548 | 360,856 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,931,364 | |
Tessera Technologies, Inc. (a) | 33,779 | 567,487 | |
Texas Instruments, Inc. | 941,830 | 31,410,031 | |
TranSwitch Corp. (a) | 16,133 | 45,656 | |
Trio-Tech International (a) | 3,696 | 7,392 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 892,700 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 105,352 | |
Ultratech, Inc. (a) | 31,408 | 854,612 | |
Veeco Instruments, Inc. (a)(d) | 36,173 | 978,118 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 37,746 | |
Volterra Semiconductor Corp. (a)(d) | 28,138 | 864,681 | |
Xilinx, Inc. (d) | 198,755 | 7,340,022 | |
| 314,326,664 | ||
Software - 3.8% | |||
Accelrys, Inc. (a) | 29,972 | 237,978 | |
ACI Worldwide, Inc. (a) | 37,489 | 1,416,334 | |
Activision Blizzard, Inc. (d) | 335,744 | 4,012,141 | |
Actuate Corp. (a) | 42,170 | 254,707 | |
Adobe Systems, Inc. (a) | 404,590 | 13,306,965 | |
Advent Software, Inc. (a)(d) | 32,795 | 843,815 | |
American Software, Inc. Class A | 3,798 | 31,561 | |
ANSYS, Inc. (a)(d) | 71,510 | 4,518,002 | |
Ariba, Inc. (a)(d) | 71,414 | 2,247,399 | |
Aspen Technology, Inc. (a)(d) | 68,551 | 1,409,409 | |
Autodesk, Inc. (a) | 171,089 | 6,475,719 | |
Bitstream, Inc. Class A (a) | 5,202 | 28,039 | |
Blackbaud, Inc. | 29,935 | 944,449 | |
BMC Software, Inc. (a) | 131,423 | 4,920,477 | |
Bottomline Technologies, Inc. (a)(d) | 23,633 | 664,087 | |
BroadSoft, Inc. (a) | 20,047 | 729,109 | |
BSQUARE Corp. (a) | 11,182 | 37,348 | |
CA, Inc. | 338,055 | 9,137,627 | |
Cadence Design Systems, Inc. (a)(d) | 209,415 | 2,464,815 | |
Callidus Software, Inc. (a)(d) | 12,639 | 93,655 | |
Citrix Systems, Inc. (a) | 157,066 | 11,739,113 | |
CommVault Systems, Inc. (a)(d) | 36,151 | 1,864,307 | |
Compuware Corp. (a) | 146,255 | 1,317,758 | |
Concur Technologies, Inc. (a)(d) | 32,419 | 1,911,100 | |
Convio, Inc. (a) | 5,835 | 91,376 | |
Datawatch Corp. (a) | 1,950 | 27,222 | |
Deltek, Inc. (a) | 2,618 | 28,877 | |
Digimarc Corp. (a) | 1,836 | 51,206 | |
Ebix, Inc. (d) | 31,393 | 731,457 | |
Electronic Arts, Inc. (a) | 249,134 | 4,068,358 | |
Ellie Mae, Inc. | 10,964 | 91,549 | |
EPIQ Systems, Inc. (d) | 38,746 | 445,192 | |
ePlus, Inc. (a) | 762 | 24,399 | |
FactSet Research Systems, Inc. | 29,192 | 2,551,381 | |
Fair Isaac Corp. | 37,437 | 1,515,450 | |
FalconStor Software, Inc. (a) | 21,866 | 62,318 | |
Fonix Corp. (a) | 1 | 0 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Fortinet, Inc. (a)(d) | 123,327 | $ 3,335,995 | |
Glu Mobile, Inc. (a)(d) | 27,012 | 102,105 | |
GSE Systems, Inc. (a) | 388 | 729 | |
Guidance Software, Inc. (a) | 3,531 | 40,289 | |
Guidewire Software, Inc. | 5,991 | 135,516 | |
Imperva, Inc. | 3,643 | 134,973 | |
Informatica Corp. (a)(d) | 99,837 | 4,907,987 | |
Interactive Intelligence Group, Inc. (a) | 8,029 | 224,812 | |
Intuit, Inc. | 214,635 | 12,414,488 | |
JDA Software Group, Inc. (a)(d) | 38,809 | 972,554 | |
Jive Software, Inc. | 9,842 | 214,654 | |
Kenexa Corp. (a)(d) | 15,879 | 441,277 | |
Majesco Entertainment Co. (a)(d) | 19,952 | 49,680 | |
Manhattan Associates, Inc. (a) | 20,570 | 953,625 | |
Mentor Graphics Corp. (a) | 80,500 | 1,220,380 | |
MICROS Systems, Inc. (a)(d) | 56,461 | 2,932,020 | |
Microsoft Corp. | 5,982,117 | 189,872,394 | |
MicroStrategy, Inc. Class A (a)(d) | 7,880 | 1,068,449 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 165,318 | |
Monotype Imaging Holdings, Inc. (a) | 14,180 | 198,945 | |
Motricity, Inc. (a)(d) | 42,402 | 56,395 | |
NetScout Systems, Inc. (a)(d) | 23,369 | 496,124 | |
NetSol Technologies, Inc. (a) | 101,658 | 54,895 | |
NetSuite, Inc. (a) | 19,234 | 917,462 | |
Nuance Communications, Inc. (a)(d) | 213,353 | 5,530,110 | |
Opnet Technologies, Inc. | 7,189 | 205,246 | |
Oracle Corp. | 3,107,810 | 90,965,599 | |
Parametric Technology Corp. (a) | 83,074 | 2,218,076 | |
Peerless Systems Corp. (a) | 172 | 669 | |
Pegasystems, Inc. | 16,328 | 458,490 | |
Pervasive Software, Inc. (a) | 4,203 | 25,260 | |
Progress Software Corp. (a)(d) | 47,192 | 1,094,382 | |
PROS Holdings, Inc. (a)(d) | 12,895 | 226,049 | |
QAD, Inc. Class B | 4,298 | 59,098 | |
QLIK Technologies, Inc. (a) | 54,045 | 1,635,942 | |
Quest Software, Inc. (a) | 39,589 | 792,572 | |
RealPage, Inc. (a) | 20,932 | 415,082 | |
Red Hat, Inc. (a) | 157,804 | 7,804,986 | |
Rosetta Stone, Inc. (a) | 8,315 | 75,084 | |
Rovi Corp. (a) | 86,281 | 3,061,250 | |
salesforce.com, Inc. (a)(d) | 96,462 | 13,809,500 | |
SeaChange International, Inc. (a) | 17,668 | 120,849 | |
Smith Micro Software, Inc. (a) | 20,978 | 53,284 | |
SolarWinds, Inc. (a) | 41,125 | 1,532,318 | |
Solera Holdings, Inc. | 55,386 | 2,658,528 | |
Sonic Foundry, Inc. (a) | 155 | 1,142 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,197,532 | |
SRS Labs, Inc. (a) | 6,521 | 43,625 | |
SS&C Technologies Holdings, Inc. (a) | 18,752 | 388,541 | |
Symantec Corp. (a) | 570,036 | 10,169,442 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 984,360 | |
| |||
Shares | Value | ||
Synopsys, Inc. (a) | 143,372 | $ 4,368,545 | |
Take-Two Interactive Software, Inc. (a)(d) | 62,163 | 960,418 | |
Taleo Corp. Class A (a)(d) | 24,860 | 1,139,085 | |
Tangoe, Inc. (a) | 32,304 | 605,377 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 132,330 | |
TeleNav, Inc. (a) | 12,035 | 80,875 | |
THQ, Inc. (a)(d) | 76,823 | 41,484 | |
TIBCO Software, Inc. (a) | 129,577 | 3,753,846 | |
TiVo, Inc. (a) | 82,213 | 924,896 | |
Tyler Technologies, Inc. (a)(d) | 30,080 | 1,136,122 | |
Ultimate Software Group, Inc. (a)(d) | 18,004 | 1,257,039 | |
Vasco Data Security International, Inc. (a)(d) | 30,246 | 273,424 | |
Verint Systems, Inc. (a) | 23,323 | 641,149 | |
Versant Corp. (a) | 275 | 2,855 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 911,012 | |
VMware, Inc. Class A (a) | 59,262 | 5,860,419 | |
Wave Systems Corp. Class A (a)(d) | 52,444 | 105,412 | |
Websense, Inc. (a)(d) | 31,243 | 562,686 | |
Zynga, Inc. (d) | 81,974 | 1,079,598 | |
| 470,569,353 | ||
TOTAL INFORMATION TECHNOLOGY | 2,364,767,502 | ||
MATERIALS - 4.0% | |||
Chemicals - 2.4% | |||
A. Schulman, Inc. (d) | 28,352 | 732,616 | |
ADA-ES, Inc. (a) | 7,109 | 159,739 | |
Air Products & Chemicals, Inc. | 170,671 | 15,401,351 | |
Airgas, Inc. | 49,779 | 4,098,305 | |
Albemarle Corp. | 65,910 | 4,384,333 | |
American Pacific Corp. (a) | 688 | 5,346 | |
American Vanguard Corp. (d) | 23,997 | 396,430 | |
Arabian American Development Co. (a) | 12,294 | 97,491 | |
Ashland, Inc. | 50,811 | 3,229,547 | |
Balchem Corp. (d) | 26,952 | 734,442 | |
Cabot Corp. | 41,807 | 1,693,602 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,256,079 | |
Celanese Corp. Class A | 129,149 | 6,143,618 | |
CF Industries Holdings, Inc. | 57,618 | 10,716,948 | |
Chase Corp. | 859 | 12,456 | |
Chemtura Corp. (a) | 73,070 | 1,134,046 | |
Clean Diesel Technologies, Inc. (a)(d) | 22,307 | 67,144 | |
Core Molding Technologies, Inc. (a) | 5,919 | 56,645 | |
Cytec Industries, Inc. | 34,436 | 2,047,565 | |
Dow Chemical Co. | 935,587 | 31,351,520 | |
E.I. du Pont de Nemours & Co. | 755,442 | 38,414,226 | |
Eastman Chemical Co. | 97,132 | 5,257,755 | |
Ecolab, Inc. | 229,294 | 13,757,640 | |
Ferro Corp. (a)(d) | 55,113 | 305,877 | |
Flotek Industries, Inc. (a)(d) | 54,967 | 615,081 | |
FMC Corp. | 56,197 | 5,561,817 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
FutureFuel Corp. | 9,540 | $ 105,417 | |
Georgia Gulf Corp. (a) | 23,211 | 748,787 | |
GSE Holding, Inc. | 2,100 | 25,515 | |
H.B. Fuller Co. (d) | 32,855 | 989,921 | |
Hawkins, Inc. | 5,329 | 206,499 | |
Huntsman Corp. | 140,478 | 1,918,929 | |
Innophos Holdings, Inc. | 16,934 | 853,135 | |
International Flavors & Fragrances, Inc. (d) | 77,751 | 4,434,140 | |
Intrepid Potash, Inc. (a)(d) | 39,192 | 991,166 | |
KMG Chemicals, Inc. | 10,303 | 178,757 | |
Koppers Holdings, Inc. | 22,254 | 837,418 | |
Kraton Performance Polymers, Inc. (a) | 20,094 | 558,412 | |
Kronos Worldwide, Inc. | 11,327 | 264,712 | |
Landec Corp. (a) | 25,874 | 163,006 | |
LSB Industries, Inc. (a)(d) | 18,952 | 762,249 | |
LyondellBasell Industries NV Class A | 283,794 | 12,254,225 | |
Material Sciences Corp. (a) | 4,565 | 39,533 | |
Minerals Technologies, Inc. | 17,066 | 1,101,952 | |
Monsanto Co. | 438,818 | 33,955,737 | |
Nanophase Technologies Corp. (a) | 3,795 | 2,429 | |
NewMarket Corp. | 7,381 | 1,346,516 | |
Olin Corp. (d) | 49,032 | 1,031,143 | |
OM Group, Inc. (a)(d) | 23,696 | 651,166 | |
OMNOVA Solutions, Inc. (a)(d) | 32,261 | 164,531 | |
Penford Corp. (a) | 6,469 | 37,261 | |
PolyOne Corp. | 70,747 | 950,132 | |
PPG Industries, Inc. | 126,786 | 11,569,223 | |
Praxair, Inc. | 243,959 | 26,591,531 | |
Quaker Chemical Corp. | 14,473 | 596,432 | |
Rockwood Holdings, Inc. (a) | 49,361 | 2,628,473 | |
RPM International, Inc. (d) | 90,249 | 2,154,244 | |
Senomyx, Inc. (a)(d) | 18,447 | 63,273 | |
Sensient Technologies Corp. (d) | 57,162 | 2,114,422 | |
Sherwin-Williams Co. | 69,774 | 7,197,188 | |
Sigma Aldrich Corp. | 94,992 | 6,819,476 | |
Solutia, Inc. | 87,015 | 2,445,992 | |
Spartech Corp. (a) | 19,316 | 112,033 | |
Stepan Co. | 8,487 | 742,018 | |
The Mosaic Co. | 219,915 | 12,700,091 | |
The Scotts Miracle-Gro Co. Class A (d) | 29,091 | 1,362,622 | |
TPC Group, Inc. (a) | 11,175 | 388,220 | |
Tredegar Corp. | 24,439 | 567,962 | |
Valhi, Inc. | 4,002 | 229,515 | |
Valspar Corp. | 85,270 | 3,952,265 | |
W.R. Grace & Co. (a) | 43,184 | 2,459,761 | |
Westlake Chemical Corp. | 12,747 | 767,752 | |
Zep, Inc. | 16,526 | 250,699 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 486,610 | |
| 298,404,109 | ||
| |||
Shares | Value | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. (d) | 36,470 | $ 1,144,429 | |
Headwaters, Inc. (a) | 93,443 | 284,067 | |
Martin Marietta Materials, Inc. | 41,456 | 3,559,827 | |
Texas Industries, Inc. (d) | 16,333 | 552,545 | |
U.S. Concrete, Inc. (a) | 13,793 | 57,931 | |
Vulcan Materials Co. | 106,365 | 4,739,624 | |
| 10,338,423 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 227,169 | |
Aptargroup, Inc. (d) | 41,303 | 2,179,972 | |
Ball Corp. | 134,650 | 5,396,772 | |
Bemis Co., Inc. (d) | 87,122 | 2,733,017 | |
Boise, Inc. | 80,405 | 661,733 | |
Crown Holdings, Inc. (a) | 110,291 | 4,077,458 | |
Graphic Packaging Holding Co. (a) | 145,268 | 767,015 | |
Greif, Inc. Class A (d) | 29,099 | 1,490,160 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 6,339 | |
Myers Industries, Inc. | 17,337 | 230,929 | |
Owens-Illinois, Inc. (a) | 119,395 | 2,853,541 | |
Packaging Corp. of America | 69,635 | 2,063,981 | |
Rock-Tenn Co. Class A | 51,739 | 3,647,082 | |
Sealed Air Corp. | 144,059 | 2,827,878 | |
Silgan Holdings, Inc. | 35,329 | 1,502,189 | |
Sonoco Products Co. | 69,472 | 2,281,460 | |
UFP Technologies, Inc. (a) | 1,379 | 24,229 | |
| 32,970,924 | ||
Metals & Mining - 1.0% | |||
A.M. Castle & Co. (a)(d) | 15,455 | 176,960 | |
AK Steel Holding Corp. (d) | 121,218 | 960,047 | |
Alcoa, Inc. | 919,985 | 9,356,247 | |
Allegheny Technologies, Inc. | 77,522 | 3,400,890 | |
Allied Nevada Gold Corp. (a)(d) | 66,857 | 2,300,549 | |
Amcol International Corp. | 18,664 | 547,415 | |
Carpenter Technology Corp. | 31,548 | 1,618,412 | |
Century Aluminum Co. (a)(d) | 49,996 | 490,461 | |
Cliffs Natural Resources, Inc. | 111,449 | 7,074,783 | |
Coeur d'Alene Mines Corp. (a)(d) | 92,048 | 2,617,845 | |
Commercial Metals Co. | 82,162 | 1,091,933 | |
Compass Minerals International, Inc. | 22,090 | 1,591,585 | |
Comstock Mining, Inc. (a) | 12,441 | 25,131 | |
Freeport-McMoRan Copper & Gold, Inc. | 756,136 | 32,181,148 | |
Friedman Industries | 2,001 | 20,910 | |
General Moly, Inc. (a)(d) | 49,482 | 178,630 | |
Globe Specialty Metals, Inc. | 35,832 | 509,531 | |
Golden Minerals Co. (a)(d) | 22,525 | 187,859 | |
Handy & Harman Ltd. (a) | 4,348 | 52,785 | |
Haynes International, Inc. | 8,639 | 546,762 | |
Hecla Mining Co. | 227,588 | 1,156,147 | |
Horsehead Holding Corp. (a) | 39,520 | 450,528 | |
Kaiser Aluminum Corp. (d) | 16,273 | 786,637 | |
Materion Corp. (a) | 22,336 | 655,562 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
McEwen Mining, Inc. (a)(d) | 153,111 | $ 800,771 | |
Metals USA Holdings Corp. (a) | 10,388 | 135,875 | |
Mines Management, Inc. (a)(d) | 12,500 | 25,125 | |
Molycorp, Inc. (a)(d) | 46,127 | 1,139,337 | |
Newmont Mining Corp. | 380,920 | 22,626,648 | |
Noranda Aluminium Holding Corp. | 34,612 | 415,344 | |
Nucor Corp. | 219,158 | 9,539,948 | |
Olympic Steel, Inc. | 9,587 | 224,719 | |
Reliance Steel & Aluminum Co. | 58,834 | 3,160,562 | |
Royal Gold, Inc. | 42,217 | 2,931,971 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 630,579 | |
Schnitzer Steel Inds, Inc. Class A (d) | 16,509 | 745,546 | |
Silver Bull Resources, Inc. (a)(d) | 34,716 | 19,788 | |
Solitario Exploration & Royalty Corp. (a) | 7,900 | 11,139 | |
Southern Copper Corp. (d) | 168,589 | 5,421,822 | |
Steel Dynamics, Inc. | 160,458 | 2,376,383 | |
Stillwater Mining Co. (a)(d) | 84,322 | 1,197,372 | |
SunCoke Energy, Inc. (a) | 54,343 | 778,735 | |
Synalloy Corp. | 602 | 7,615 | |
Titanium Metals Corp. | 121,957 | 1,787,890 | |
U.S. Silica Holdings, Inc. | 9,838 | 166,459 | |
United States Steel Corp. (d) | 106,239 | 2,891,826 | |
Universal Stainless & Alloy Products, Inc. (a) | 4,997 | 167,300 | |
US Energy Corp. (a) | 13,579 | 44,675 | |
Vista Gold Corp. (a)(d) | 30,419 | 107,683 | |
Walter Energy, Inc. | 48,021 | 3,113,201 | |
Worthington Industries, Inc. | 42,754 | 721,260 | |
| 129,168,330 | ||
Paper & Forest Products - 0.2% | |||
AbitibiBowater, Inc. (a)(d) | 58,314 | 892,204 | |
Buckeye Technologies, Inc. | 38,686 | 1,321,514 | |
Clearwater Paper Corp. (a) | 17,308 | 593,837 | |
Deltic Timber Corp. | 13,533 | 882,487 | |
Domtar Corp. | 31,471 | 3,017,125 | |
Glatfelter | 36,975 | 577,180 | |
International Paper Co. | 320,065 | 11,250,285 | |
Kapstone Paper & Packaging Corp. (a) | 27,514 | 553,031 | |
Louisiana-Pacific Corp. (a)(d) | 87,254 | 712,865 | |
MeadWestvaco Corp. | 135,474 | 4,102,153 | |
Neenah Paper, Inc. | 13,754 | 383,599 | |
Schweitzer-Mauduit International, Inc. | 12,453 | 872,333 | |
Verso Paper Corp. (a) | 16,407 | 21,329 | |
Wausau-Mosinee Paper Corp. | 43,988 | 410,848 | |
| 25,590,790 | ||
TOTAL MATERIALS | 496,472,576 | ||
| |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - 2.5% | |||
Diversified Telecommunication Services - 2.2% | |||
8x8, Inc. (a)(d) | 54,427 | $ 233,492 | |
AboveNet, Inc. (a)(d) | 19,425 | 1,351,203 | |
Alaska Communication Systems Group, Inc. (d) | 91,658 | 293,306 | |
Allegiance Telecom, Inc. (a) | 7,100 | 0 | |
AT&T, Inc. | 4,755,975 | 145,485,275 | |
Atlantic Tele-Network, Inc. | 16,949 | 649,486 | |
Boingo Wireless, Inc. | 15,589 | 149,031 | |
Cbeyond, Inc. (a) | 34,447 | 264,553 | |
CenturyLink, Inc. | 476,960 | 19,197,640 | |
Cincinnati Bell, Inc. New (a)(d) | 146,179 | 548,171 | |
Cogent Communications Group, Inc. (a) | 45,760 | 842,899 | |
Consolidated Communications Holdings, Inc. (d) | 37,636 | 713,955 | |
Elephant Talk Communication, Inc. (a)(d) | 40,052 | 85,711 | |
FairPoint Communications, Inc. (a)(d) | 39,538 | 148,663 | |
Frontier Communications Corp. (d) | 749,270 | 3,439,149 | |
General Communications, Inc. Class A (a) | 33,964 | 359,679 | |
Globalstar, Inc. (a)(d) | 95,723 | 81,518 | |
Hawaiian Telcom Holdco, Inc. (a) | 7,614 | 119,692 | |
HickoryTech Corp. | 2,523 | 27,097 | |
IDT Corp. Class B | 36,897 | 333,918 | |
inContact, Inc. (a) | 21,298 | 113,518 | |
Iridium Communications, Inc. (a)(d) | 61,404 | 469,127 | |
Level 3 Communications, Inc. (a) | 186,635 | 4,537,097 | |
Lumos Networks Corp. | 10,948 | 140,134 | |
Neutral Tandem, Inc. (a) | 28,172 | 314,400 | |
Premiere Global Services, Inc. (a) | 54,821 | 474,202 | |
Primus Telecommunications Group, Inc. (a) | 10,437 | 143,509 | |
SureWest Communications | 15,725 | 352,397 | |
Towerstream Corp. (a)(d) | 34,148 | 96,980 | |
tw telecom, inc. (a)(d) | 109,402 | 2,363,083 | |
Verizon Communications, Inc. | 2,254,924 | 85,935,154 | |
Vonage Holdings Corp. (a) | 108,539 | 259,408 | |
Windstream Corp. (d) | 403,983 | 4,880,115 | |
| 274,403,562 | ||
Wireless Telecommunication Services - 0.3% | |||
Clearwire Corp. Class A (a)(d) | 187,420 | 431,066 | |
Crown Castle International Corp. (a) | 182,816 | 9,471,697 | |
Leap Wireless International, Inc. (a) | 51,525 | 537,921 | |
MetroPCS Communications, Inc. (a) | 322,874 | 3,325,602 | |
NII Holdings, Inc. (a)(d) | 126,821 | 2,267,559 | |
NTELOS Holdings Corp. | 10,948 | 254,541 | |
SBA Communications Corp. Class A (a)(d) | 91,252 | 4,282,456 | |
Shenandoah Telecommunications Co. (d) | 22,919 | 228,961 | |
Sprint Nextel Corp. (a) | 2,227,579 | 5,502,120 | |
Telephone & Data Systems, Inc. | 73,288 | 1,851,988 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
U.S. Cellular Corp. (a)(d) | 14,322 | $ 617,851 | |
USA Mobility, Inc. | 28,203 | 386,945 | |
| 29,158,707 | ||
TOTAL TELECOMMUNICATION SERVICES | 303,562,269 | ||
UTILITIES - 3.4% | |||
Electric Utilities - 1.7% | |||
Allete, Inc. (d) | 33,215 | 1,381,080 | |
American Electric Power Co., Inc. | 366,241 | 13,774,324 | |
Central Vermont Public Service Corp. (d) | 19,324 | 680,978 | |
Cleco Corp. (d) | 54,483 | 2,096,506 | |
Duke Energy Corp. | 1,032,626 | 21,602,536 | |
Edison International | 243,928 | 10,213,265 | |
El Paso Electric Co. | 44,691 | 1,462,736 | |
Empire District Electric Co. | 52,048 | 1,038,358 | |
Entergy Corp. | 153,247 | 10,210,848 | |
Exelon Corp. | 537,367 | 20,994,929 | |
FirstEnergy Corp. | 351,230 | 15,555,977 | |
Great Plains Energy, Inc. | 94,773 | 1,874,610 | |
Hawaiian Electric Industries, Inc. (d) | 66,479 | 1,665,299 | |
IDACORP, Inc. | 35,161 | 1,423,317 | |
ITC Holdings Corp. | 52,881 | 3,991,458 | |
MGE Energy, Inc. | 22,576 | 990,183 | |
NextEra Energy, Inc. | 338,664 | 20,153,895 | |
Northeast Utilities | 122,863 | 4,410,782 | |
NV Energy, Inc. | 181,962 | 2,853,164 | |
Otter Tail Corp. | 32,419 | 688,580 | |
Pepco Holdings, Inc. | 155,532 | 3,023,542 | |
Pinnacle West Capital Corp. | 77,059 | 3,624,085 | |
PNM Resources, Inc. | 67,114 | 1,206,710 | |
Portland General Electric Co. | 65,957 | 1,625,180 | |
PPL Corp. | 487,826 | 13,927,432 | |
Progress Energy, Inc. | 222,099 | 11,789,015 | |
Southern Co. | 690,945 | 30,532,860 | |
UIL Holdings Corp. | 34,543 | 1,217,641 | |
Unisource Energy Corp. | 32,111 | 1,181,364 | |
Unitil Corp. | 19,695 | 523,887 | |
Westar Energy, Inc. | 76,364 | 2,101,537 | |
| 207,816,078 | ||
Gas Utilities - 0.2% | |||
AGL Resources, Inc. | 84,990 | 3,388,551 | |
Atmos Energy Corp. | 67,549 | 2,075,781 | |
Chesapeake Utilities Corp. (d) | 10,363 | 425,608 | |
Delta Natural Gas Co., Inc. | 1,539 | 58,605 | |
Gas Natural, Inc. | 1,949 | 21,731 | |
Laclede Group, Inc. | 27,494 | 1,129,728 | |
National Fuel Gas Co. | 56,086 | 2,822,808 | |
New Jersey Resources Corp. | 30,189 | 1,409,524 | |
Northwest Natural Gas Co. (d) | 34,699 | 1,588,173 | |
| |||
Shares | Value | ||
ONEOK, Inc. | 80,943 | $ 6,689,130 | |
Piedmont Natural Gas Co., Inc. | 66,004 | 2,138,530 | |
Questar Corp. | 120,840 | 2,322,545 | |
South Jersey Industries, Inc. | 25,563 | 1,329,276 | |
Southwest Gas Corp. | 38,877 | 1,658,104 | |
UGI Corp. | 77,479 | 2,188,782 | |
WGL Holdings, Inc. (d) | 35,927 | 1,466,899 | |
| 30,713,775 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
Black Hills Corp. | 38,823 | 1,274,947 | |
Calpine Corp. (a)(d) | 290,000 | 4,439,900 | |
Constellation Energy Group, Inc. | 134,026 | 4,859,783 | |
Dynegy, Inc. (a)(d) | 77,498 | 100,747 | |
Genie Energy Ltd. Class B | 11,430 | 109,614 | |
GenOn Energy, Inc. (a) | 573,550 | 1,410,933 | |
NRG Energy, Inc. (a) | 189,652 | 3,243,049 | |
Ormat Technologies, Inc. | 25,950 | 525,228 | |
Tegal Corp. (a) | 87 | 290 | |
The AES Corp. (a) | 604,562 | 8,197,861 | |
| 24,162,352 | ||
Multi-Utilities - 1.2% | |||
Alliant Energy Corp. | 75,902 | 3,236,461 | |
Ameren Corp. | 176,734 | 5,667,859 | |
Avista Corp. | 62,033 | 1,532,215 | |
CenterPoint Energy, Inc. | 319,442 | 6,225,925 | |
CH Energy Group, Inc. (d) | 17,708 | 1,180,592 | |
CMS Energy Corp. | 175,000 | 3,746,750 | |
Consolidated Edison, Inc. | 240,766 | 13,988,505 | |
Dominion Resources, Inc. | 455,703 | 22,999,330 | |
DTE Energy Co. | 125,312 | 6,765,595 | |
Integrys Energy Group, Inc. | 53,328 | 2,774,656 | |
MDU Resources Group, Inc. | 139,832 | 3,034,354 | |
NiSource, Inc. (d) | 245,673 | 5,896,152 | |
NorthWestern Energy Corp. | 42,329 | 1,470,086 | |
NSTAR | 83,673 | 3,924,264 | |
OGE Energy Corp. | 87,987 | 4,617,558 | |
PG&E Corp. | 338,723 | 14,117,975 | |
Public Service Enterprise Group, Inc. | 385,925 | 11,878,772 | |
SCANA Corp. | 113,750 | 5,118,750 | |
Sempra Energy (d) | 169,220 | 10,024,593 | |
TECO Energy, Inc. (d) | 132,305 | 2,374,875 | |
Vectren Corp. | 57,016 | 1,666,008 | |
Wisconsin Energy Corp. | 171,718 | 5,852,149 | |
Xcel Energy, Inc. | 428,748 | 11,357,535 | |
| 149,450,959 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 24,187 | 891,533 | |
American Water Works Co., Inc. | 135,341 | 4,639,489 | |
Aqua America, Inc. | 94,472 | 2,098,223 | |
Artesian Resources Corp. Class A | 7,116 | 135,916 | |
Cadiz, Inc. (a) | 5,759 | 61,161 | |
California Water Service Group | 51,749 | 994,098 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Connecticut Water Service, Inc. | 1,945 | $ 56,055 | |
Middlesex Water Co. | 5,464 | 100,647 | |
SJW Corp. | 10,920 | 260,879 | |
York Water Co. | 4,047 | 70,135 | |
| 9,308,136 | ||
TOTAL UTILITIES | 421,451,300 | ||
TOTAL COMMON STOCKS (Cost $10,517,791,599) |
|
Nonconvertible Bonds - 0.0% | ||||
| Principal |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $22,633) | $ 22,600 |
| ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.09% 3/8/12 to 7/19/12 (e) | 16,500,000 |
|
Money Market Funds - 12.3% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 114,228,901 | 114,228,901 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 1,396,046,732 | 1,396,046,732 | |
TOTAL MONEY MARKET FUNDS (Cost $1,510,275,633) |
| ||
TOTAL INVESTMENT (Cost $12,044,587,798) | 13,668,608,771 | ||
NET OTHER ASSETS | (1,374,027,689) | ||
NET ASSETS - 100% | $ 12,294,581,082 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
1,271 CME E-mini S&P 500 Index Contracts | March 2012 | $ 86,707,620 | $ 7,071,875 | ||
92 CME E-mini S&P Midcap 400 Index Contracts | March 2012 | 8,984,720 | 877,732 | ||
112 CME S&P 500 Index Contracts | March 2012 | 38,203,200 | 2,728,848 | ||
222 NYFE Russell 2000 Mini Index Contracts | March 2012 | 17,982,000 | 1,545,248 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 151,877,540 | $ 12,223,703 |
|
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $10,197,679. |
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 | $ 197,580 |
Fidelity Securities Lending Cash Central Fund | 4,680,442 |
Total | $ 4,878,022 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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 | $ 1,448,486,735 | $ 1,448,486,735 | $ - | $ - |
Consumer Staples | 1,140,321,223 | 1,140,310,188 | 11,035 | - |
Energy | 1,359,179,677 | 1,359,179,677 | - | - |
Financials | 1,867,602,364 | 1,867,600,721 | - | 1,643 |
Health Care | 1,386,083,527 | 1,386,083,527 | - | - |
Industrials | 1,353,890,149 | 1,353,890,149 | - | - |
Information Technology | 2,364,767,502 | 2,364,767,502 | - | - |
Materials | 496,472,576 | 496,472,576 | - | - |
Telecommunication Services | 303,562,269 | 303,562,269 | - | - |
Utilities | 421,451,300 | 421,451,300 | - | - |
Corporate Bonds | 18,220 | - | 18,220 | - |
U.S. Government and Government Agency Obligations | 16,497,596 | - | 16,497,596 | - |
Money Market Funds | 1,510,275,633 | 1,510,275,633 | - | - |
Total Investments in Securities: | $ 13,668,608,771 | $ 13,652,080,277 | $ 16,526,851 | $ 1,643 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,223,703 | $ 12,223,703 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 96,127 |
Total Realized Gain (Loss) | (132,858) |
Total Unrealized Gain (Loss) | 138,760 |
Cost of Purchases | - |
Proceeds of Sales | (5,850) |
Amortization/Accretion | - |
Transfers in to Level 3 | 1,590 |
Transfers out of Level 3 | (96,126) |
Ending Balance | $ 1,643 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ 86 |
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, and includes the value of securities delivered through unaffiliated in-kind transactions. See Note 5 of the Notes to Financial Statements. 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 29, 2012. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,223,703 | $ - |
Total Value of Derivatives | $ 12,223,703 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,345,904,304) - See accompanying schedule: Unaffiliated issuers (cost $10,534,312,165) | $ 12,158,333,138 |
|
Fidelity Central Funds (cost $1,510,275,633) | 1,510,275,633 |
|
Total Investments (cost $12,044,587,798) |
| $ 13,668,608,771 |
Cash |
| 34,837 |
Receivable for investments sold | 1,280,716 | |
Receivable for fund shares sold | 51,714,360 | |
Dividends receivable | 24,985,250 | |
Distributions receivable from Fidelity Central Funds | 472,876 | |
Receivable from investment adviser for expense reductions | 10,151 | |
Other receivables | 122,673 | |
Total assets | 13,747,229,634 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 37,261 | |
Payable for fund shares redeemed | 54,685,864 | |
Accrued management fee | 455,115 | |
Payable for daily variation margin on futures contracts | 1,038,336 | |
Other affiliated payables | 319,598 | |
Other payables and accrued expenses | 65,646 | |
Collateral on securities loaned, at value | 1,396,046,732 | |
Total liabilities | 1,452,648,552 | |
|
|
|
Net Assets | $ 12,294,581,082 | |
Net Assets consist of: |
| |
Paid in capital | $ 11,092,660,661 | |
Undistributed net investment income | 27,909,802 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (462,234,277) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,636,244,896 | |
Net Assets | $ 12,294,581,082 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
Investor Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Class: | $ 39.56 | |
|
|
|
Institutional Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 39.55 | |
|
|
|
Class F: | $ 39.56 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 214,285,292 |
Interest |
| 15,912 |
Income from Fidelity Central Funds |
| 4,878,022 |
Total income |
| 219,179,226 |
|
|
|
Expenses | ||
Management fee | $ 6,517,726 | |
Transfer agent fees | 2,749,481 | |
Independent trustees' compensation | 66,214 | |
Miscellaneous | 33,291 | |
Total expenses before reductions | 9,366,712 | |
Expense reductions | (28,373) | 9,338,339 |
Net investment income (loss) | 209,840,887 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 167,667,600 | |
Foreign currency transactions | (4,353) | |
Redemption in-kind with affiliated entities | 393,327,878 | |
Futures contracts | 17,450,299 | |
Total net realized gain (loss) |
| 578,441,424 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (266,448,637) | |
Assets and liabilities in foreign currencies | (98) | |
Futures contracts | 3,326,207 | |
Total change in net unrealized appreciation (depreciation) |
| (263,122,528) |
Net gain (loss) | 315,318,896 | |
Net increase (decrease) in net assets resulting from operations | $ 525,159,783 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 209,840,887 | $ 182,686,921 |
Net realized gain (loss) | 578,441,424 | (140,975,443) |
Change in net unrealized appreciation (depreciation) | (263,122,528) | 2,243,788,031 |
Net increase (decrease) in net assets resulting from operations | 525,159,783 | 2,285,499,509 |
Distributions to shareholders from net investment income | (195,308,977) | (179,834,546) |
Distributions to shareholders from net realized gain | - | (5,804,652) |
Total distributions | (195,308,977) | (185,639,198) |
Share transactions - net increase (decrease) | (149,356,809) | 833,400,574 |
Redemption fees | 378,217 | 259,786 |
Total increase (decrease) in net assets | 180,872,214 | 2,933,520,671 |
|
|
|
Net Assets | ||
Beginning of period | 12,113,708,868 | 9,180,188,197 |
End of period (including undistributed net investment income of $27,909,802 and undistributed net investment income of $30,424,213, respectively) | $ 12,294,581,082 | $ 12,113,708,868 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .68 | .61 | .56 | .70 | .76 |
Net realized and unrealized gain (loss) | .96 | 7.03 | 10.96 | (16.70) | (2.30) |
Total from investment operations | 1.64 | 7.64 | 11.52 | (16.00) | (1.54) |
Distributions from net investment income | (.65) | (.60) | (.57) | (.64) | (.65) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.65) | (.62) | (.58) I | (.65) H | (.89) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Total Return A | 4.46% | 24.39% | 56.10% | (43.32)% | (4.10)% |
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) | 1.84% | 1.80% | 2.00% | 2.23% | 1.84% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 | $ 4,479,327 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share.
I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .69 | .62 | .57 | .72 | .77 |
Net realized and unrealized gain (loss) | .97 | 7.03 | 10.95 | (16.71) | (2.30) |
Total from investment operations | 1.66 | 7.65 | 11.52 | (15.99) | (1.53) |
Distributions from net investment income | (.66) | (.61) | (.57) | (.65) | (.66) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.66) | (.63) | (.59) I | (.65) H | (.90) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Total Return A | 4.51% | 24.43% | 56.07% | (43.28)% | (4.07)% |
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) | 1.87% | 1.83% | 2.03% | 2.26% | 1.87% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 | $ 3,565,194 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share.
I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.49% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .07% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 2.03% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 693,534 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.50% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .06% A |
Expenses net of fee waivers, if any | .05% A, K |
Expenses net of all reductions | .05% A, K |
Net investment income (loss) | 2.02% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 189,758 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
K Amount represents .045%.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
Net investment income (loss) D | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | .97 | 7.02 | 1.67 |
Total from investment operations | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | (.02) | (.02) |
Total distributions | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
Expenses before reductions | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .07% | .07% A |
Expenses net of all reductions | .06% | .07% | .07% A |
Net investment income (loss) | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
Net assets, end of period (000 omitted) | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 17% | 4% | 7% |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I For the year ended February 29.
J Amount represents less than $.01 per share.
K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 29, 2012
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. In May 2011, the Board of Trustees of Spartan Total Market Index Fund approved the creation of additional classes of shares. The Fund commenced sale of Institutional Class and Fidelity Advantage Institutional Class shares on September 8, 2011. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. 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 29, 2012, 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
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
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.
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. 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.
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.
New Accounting Pronouncements. In May 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-04, Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The update is effective during interim and annual periods beginning after December 15, 2011 and will result in additional disclosure for transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy.
In December 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The update creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange 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.
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 29, 2012, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures transactions, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in-kind, partnerships, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 2,969,645,004 |
Gross unrealized depreciation | (1,386,461,244) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 1,583,183,760 |
|
|
Tax Cost | $ 12,085,425,011 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 28,031,552 |
Capital loss carryforward | $ (409,173,358) |
Net unrealized appreciation (depreciation) | $ 1,583,183,980 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
|
|
2017 | $ (160,154,968) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | (407,168,397) |
No expiration |
|
Long-term | (2,004,961) |
Total capital loss carryforward | $ (409,173,358) |
The tax character of distributions paid was as follows:
| February 29, 2012 | February 28, 2011 |
Ordinary Income | $ 195,308,977 | $ 185,639,198 |
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.
Annual Report
Notes to Financial Statements - continued
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 close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is 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). This receivable and/or payable is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
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.
During the period the Fund recognized net realized gain (loss) of $17,450,299 and a change in net unrealized appreciation (depreciation) of $3,326,207 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 $1,922,711,702 and $2,023,174,933, respectively.
Securities received and delivered through unaffiliated in-kind subscriptions and redemptions totaled $163,667,295 and $1,008,858,235, respectively. Realized gain of $171,069,377 on securities delivered through unaffiliated 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. During the period the Board of Trustees approved an amendment to the management contract, effective September 1, 2011, to reduce the management fee from an annual rate of .07% to .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
Prior to September 1, 2011, FIIOC received transfer agent fees at an annual rate of .06% and .03% of average net assets for Investor and Fidelity Advantage Class, respectively. Under the expense contract, the Investor Class paid transfer agent fees at an annual rate of .03% of average net assets, 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 | $ 2,074,287 | .04 |
Fidelity Advantage Class | 631,515 | .01 |
Institutional Class | 37,283 | .03 |
Fidelity Advantage Institutional Class | 6,396 | .02 |
| $ 2,749,481 |
|
Redemptions In-Kind. During the period, 17,755,902 shares of the Fund held by affiliated entities were redeemed for cash and securities with a value of $682,536,885. The net realized gain (loss) of $393,327,878 on securities delivered through affiliated in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as Note 11: Shares Transactions. The Fund recognized no gain or loss for federal income tax purposes.
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.0 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 $33,291 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 any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $4,680,442.
Annual Report
Notes to Financial Statements - continued
9. Expense Reductions.
Effective September 8, 2011, FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. This reimbursement will remain in place through April 30, 2013.
| Expense | Reimbursement |
Institutional Class | .06% | $ 20,411 |
Fidelity Advantage Institutional Class | .045% | 7,580 |
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 $382.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 74,011,128 | $ 97,586,465 |
Fidelity Advantage Class | 90,014,851 | 75,486,167 |
Institutional Class | 6,818,791 | - |
Fidelity Advantage Institutional Class | 2,620,049 | - |
Class F | 21,844,158 | 6,761,914 |
Total | $ 195,308,977 | $ 179,834,546 |
From net realized gain |
|
|
Investor Class | $ - | $ 3,374,672 |
Fidelity Advantage Class | - | 2,380,648 |
Class F | - | 49,332 |
Total | $ - | $ 5,804,652 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 37,550,760 | 45,341,120 | $ 1,388,868,676 | $ 1,545,271,706 |
Reinvestment of distributions | 2,008,028 | 2,771,120 | 71,680,307 | 98,744,181 |
Shares redeemed | (117,221,767) B | (54,866,527) | (4,390,559,721) B | (1,881,537,887) |
Net increase (decrease) | (77,662,979) | (6,754,287) | $ (2,930,010,738) | $ (237,522,000) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 52,795,658 | 35,056,659 | $ 2,007,116,846 | $ 1,218,401,959 |
Reinvestment of distributions | 2,192,081 | 1,879,344 | 77,894,521 | 67,004,512 |
Shares redeemed | (21,435,179) | (24,186,728) | (789,876,393) | (811,279,711) |
Net increase (decrease) | 33,552,560 | 12,749,275 | $ 1,295,134,974 | $ 474,126,760 |
Institutional Class |
|
|
|
|
Shares sold | 17,993,180 | - | $ 649,476,736 | $ - |
Reinvestment of distributions | 194,656 | - | 6,818,791 | - |
Shares redeemed | (654,011) | - | (24,602,098) | - |
Net increase (decrease) | 17,533,825 | - | $ 631,693,429 | $ - |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 4,871,455 | - | $ 179,033,674 | $ - |
Reinvestment of distributions | 74,794 | - | 2,620,049 | - |
Shares redeemed | (148,799) | - | (5,550,895) | - |
Net increase (decrease) | 4,797,450 | - | $ 176,102,828 | $ - |
Class F |
|
|
|
|
Shares sold | 22,439,089 | 19,381,678 | $ 826,126,384 | $ 675,778,550 |
Reinvestment of distributions | 617,949 | 189,593 | 21,844,158 | 6,811,246 |
Shares redeemed | (4,602,865) | (2,465,258) | (170,247,844) | (85,793,982) |
Net increase (decrease) | 18,454,173 | 17,106,013 | $ 677,722,698 | $ 596,795,814 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions (see Note 6: Redemptions In-Kind).
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 actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2011 to February 29, 2012) for Investor Class and Fidelity Advantage Class and for the entire period (September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class. The hypothetical expense example is based on an investment of $1,000 invested for the one-half year period (September 1, 2011 to February 29, 2012).
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 | $ 1,130.40 | $ .53 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.37 | $ .50 C |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,130.30 | $ .37 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,169.90 | $ .31 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
Spartan International Index |
|
|
|
|
Investor Class | .11%* |
|
|
|
Actual |
| $ 1,000.00 | $ 1,036.80 | $ .56 B* |
HypotheticalA |
| $ 1,000.00 | $ 1,024.32 | $ .55 C* |
Fidelity Advantage Class | .08%* |
|
|
|
Actual |
| $ 1,000.00 | $ 1,037.30 | $ .41 B* |
HypotheticalA |
| $ 1,000.00 | $ 1,024.47 | $ .40 C* |
Institutional Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,094.40 | $ .35 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
| Annualized | Beginning | Ending | Expenses Paid |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,094.50 | $ .30 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
A 5% return per year before expenses
B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period) for Investor Class and Fidelity Advantage Class and multiplied by 175/366 (to reflect the period September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class.
C Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).
* If changes to the expense limitations, effective February 1, 2012, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as follows:
| Annualized | Expenses Paid |
Spartan International Index |
|
|
Investor Class | .20% |
|
Actual |
| $ 1.01 |
HypotheticalA |
| $ 1.01 |
Fidelity Advantage Class | .12% |
|
Actual |
| $ .61 |
HypotheticalA |
| $ .60 |
A 5% return per year before expenses
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 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan Extended Market Index Fund - Investor Class | 1.76% | 3.58% | 8.45% |
Spartan Extended Market Index Fund - Fidelity Advantage Class A | 1.76% | 3.60% | 8.47% |
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, 2002. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Completion Total Stock Market Index performed over the same period.
Annual Report
Spartan Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stocks rose for the 12 months ending February 29, 2012, as encouraging economic news sparked a strong late-period rally that lifted major equity benchmarks past a number of significant milestones. Stocks recovered from early-period uncertainty that followed the March 2011 earthquake, tsunami and nuclear meltdown in Japan, but plummeted during the summer amid Europe's debt woes and a historic U.S. credit-rating downgrade. Despite continued volatility and mixed economic news, markets began to recover in early October. Investors gravitated toward defensive sectors and the perceived safety of larger, more-established and dividend-paying names, helping the Dow Jones® Industrial Average advance 8.83%, and close above the psychologically important 13,000 mark in late February - for the first time since May 2008. The rally accelerated late in the period and the market broadened, as investor confidence improved amid encouraging manufacturing, housing and employment data, and signs of progress in Europe. For the year, the S&P 500® Index added 5.12%, closing near a four-year high on the period's second-to-last day. The technology-laden Nasdaq Composite® Index added 7.73%, flirting with the 3,000 mark, its highest level in 12 years. Foreign developed-markets stocks reeled over Europe's turmoil, and the MSCI® EAFE® (Europe, Australasia, Far East) Index fell 7.35%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Extended Market Index Fund: For the 12 months ending February 29, 2012, the fund's Investor Class and Fidelity Advantage® Class shares both returned 1.76%, in line with the 1.80% return of the Dow Jones U.S. Completion Total Stock Market IndexSM. The strongest-performing sector in the Dow Jones index was consumer staples, which gained 20%. No other sector turned in a double-digit gain during the past year. Health care stocks added roughly 9%, however, while consumer discretionary, led by the retailing industry, rose 9%. The weakest-performing groups in the benchmark were energy, telecommunication services and information technology, which lost 6%, 4% and 4%, respectively. Financials - at 20%, the largest allocation in the benchmark - declined 1% during the year. The leading individual contributor was Pharmasset, a biotechnology firm that was acquired in January for a substantial premium by Gilead Sciences and saw its share price soar by more than 400%. Several other drugmakers, including Alexion Pharmaceuticals and Regeneron Pharmaceuticals, also added value. A better-than-expected sales forecast in late January helped boost the stock of computer disk-drive maker Seagate Technology, which is based in California but whose shares are listed in Ireland. Petrohawk Energy enjoyed strong performance after the independent oil and gas producer agreed in July to be acquired by BHP Billiton. The transaction closed in August. Other helpful stocks included casino gaming operator Las Vegas Sands and discount retailer Dollar Tree. The biggest detractor was automaker General Motors, whose shares drifted lower for most of the past year and lost about 22% for the full period. NII Holdings, a provider of business-oriented mobile communication services, also declined. Arch Coal, the second-largest U.S. coal producer, saw the value of its shares lose substantial ground, as did Walter Energy, which produces coal used in steelmaking. Walter's shares dropped 30% in a single August day after the company issued a disappointing financial report. Biotechnology company Dendreon struggled last August, as lower-than-expected sales projections for its Provenge® prostate cancer drug caused its stock to lose about two-thirds of its value in one day. Another biotech company, Human Genome Sciences, did poorly, as did independent oil and gas producer Ultra Petroleum.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Las Vegas Sands Corp. | 0.8 | 0.9 |
Annaly Capital Management, Inc. | 0.6 | 0.6 |
Alexion Pharmaceuticals, Inc. | 0.6 | 0.4 |
General Motors Co. | 0.5 | 0.5 |
LyondellBasell Industries NV | 0.5 | 0.5 |
Liberty Global, Inc. Class A | 0.5 | 0.4 |
Crown Castle International Corp. | 0.5 | 0.4 |
Concho Resources, Inc. | 0.4 | 0.3 |
Liberty Media Corp. Interactive Series A | 0.4 | 0.4 |
Seagate Technology | 0.4 | 0.2 |
| 5.2 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Financials | 20.3 | 20.0 |
Consumer Discretionary | 15.8 | 15.4 |
Information Technology | 15.7 | 14.8 |
Industrials | 14.5 | 13.5 |
Health Care | 10.8 | 11.2 |
Energy | 6.7 | 6.8 |
Materials | 6.3 | 7.4 |
Consumer Staples | 3.6 | 3.9 |
Utilities | 3.6 | 4.1 |
Telecommunication Services | 1.5 | 1.6 |
Annual Report
Spartan Extended Market Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 15.8% | |||
Auto Components - 0.9% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 135,947 | $ 1,548,436 | |
Amerigon, Inc. (a)(d) | 46,251 | 680,815 | |
Cooper Tire & Rubber Co. | 128,879 | 2,139,391 | |
Dana Holding Corp. (d) | 323,993 | 5,183,888 | |
Dorman Products, Inc. (a)(d) | 39,530 | 1,795,057 | |
Drew Industries, Inc. (a)(d) | 41,042 | 1,124,551 | |
Exide Technologies (a)(d) | 164,351 | 488,122 | |
Federal-Mogul Corp. Class A (a) | 53,049 | 912,973 | |
Fuel Systems Solutions, Inc. (a)(d) | 31,837 | 824,578 | |
Gentex Corp. | 324,110 | 7,665,202 | |
Lear Corp. | 243,235 | 10,996,654 | |
Modine Manufacturing Co. (a)(d) | 95,885 | 870,636 | |
Motorcar Parts of America, Inc. (a) | 21,986 | 181,385 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 23,585 | 21,816 | |
Shiloh Industries, Inc. | 9,407 | 84,663 | |
Spartan Motors, Inc. | 62,902 | 359,170 | |
Standard Motor Products, Inc. | 45,399 | 1,031,465 | |
Stoneridge, Inc. (a)(d) | 56,122 | 542,700 | |
Strattec Security Corp. | 3,361 | 76,530 | |
Superior Industries International, Inc. | 55,337 | 1,000,493 | |
Tenneco, Inc. (a)(d) | 138,639 | 5,337,602 | |
Tower International, Inc. (a) | 17,465 | 222,504 | |
TRW Automotive Holdings Corp. (a) | 223,364 | 10,216,669 | |
UQM Technologies, Inc. (a)(d) | 78,497 | 125,595 | |
Visteon Corp. (a) | 108,180 | 5,811,430 | |
Williams Controls, Inc. | 595 | 6,545 | |
| 59,248,870 | ||
Automobiles - 0.7% | |||
General Motors Co. (a)(d) | 1,314,333 | 34,198,945 | |
Tesla Motors, Inc. (a)(d) | 139,402 | 4,657,421 | |
Thor Industries, Inc. | 98,033 | 3,192,935 | |
Winnebago Industries, Inc. (a)(d) | 65,223 | 581,789 | |
| 42,631,090 | ||
Distributors - 0.2% | |||
Amcon Distributing Co. | 1,240 | 75,404 | |
Core-Mark Holding Co., Inc. | 32,914 | 1,319,193 | |
LKQ Corp. (a) | 322,001 | 10,258,952 | |
Pool Corp. | 102,163 | 3,718,733 | |
VOXX International Corp. (a) | 46,223 | 591,192 | |
Weyco Group, Inc. | 16,952 | 395,660 | |
| 16,359,134 | ||
Diversified Consumer Services - 0.8% | |||
American Public Education, Inc. (a)(d) | 36,701 | 1,437,211 | |
Archipelago Learning, Inc. (a) | 20,009 | 182,882 | |
Ascent Capital Group, Inc. (a) | 34,050 | 1,676,622 | |
Bridgepoint Education, Inc. (a)(d) | 51,097 | 1,244,723 | |
Cambium Learning Group, Inc. (a) | 16,192 | 46,633 | |
Capella Education Co. (a)(d) | 34,672 | 1,345,274 | |
| |||
Shares | Value | ||
Career Education Corp. (a) | 131,088 | $ 1,129,979 | |
Carriage Services, Inc. | 46,364 | 277,720 | |
Coinstar, Inc. (a)(d) | 63,782 | 3,714,026 | |
Collectors Universe, Inc. | 11,575 | 176,519 | |
Corinthian Colleges, Inc. (a)(d) | 178,249 | 800,338 | |
Education Management Corp. (a)(d) | 67,509 | 1,219,888 | |
Grand Canyon Education, Inc. (a) | 69,388 | 1,187,229 | |
Hillenbrand, Inc. | 129,162 | 2,966,851 | |
ITT Educational Services, Inc. (a)(d) | 68,677 | 4,713,989 | |
K12, Inc. (a)(d) | 73,729 | 1,589,597 | |
Learning Tree International, Inc. (a) | 12,160 | 70,406 | |
Lincoln Educational Services Corp. | 64,172 | 542,895 | |
Mac-Gray Corp. | 24,030 | 334,978 | |
Matthews International Corp. Class A | 61,846 | 1,918,463 | |
National American University Holdings, Inc. | 23,237 | 160,568 | |
Princeton Review, Inc. (a) | 51,537 | 5,679 | |
Regis Corp. (d) | 123,784 | 2,142,701 | |
School Specialty, Inc. (a)(d) | 77,127 | 246,806 | |
Service Corp. International | 566,489 | 6,423,985 | |
Sotheby's Class A (Ltd. vtg.) | 149,347 | 5,875,311 | |
Steiner Leisure Ltd. (a)(d) | 28,854 | 1,443,854 | |
Stewart Enterprises, Inc. Class A (d) | 172,890 | 1,075,376 | |
Strayer Education, Inc. (d) | 28,052 | 2,886,411 | |
Universal Technical Institute, Inc. | 48,727 | 632,964 | |
Weight Watchers International, Inc. (d) | 76,068 | 5,931,783 | |
| 53,401,661 | ||
Hotels, Restaurants & Leisure - 2.9% | |||
AFC Enterprises, Inc. (a) | 62,034 | 991,924 | |
Ambassadors Group, Inc. | 48,627 | 256,264 | |
Ameristar Casinos, Inc. | 66,568 | 1,320,709 | |
ARK Restaurants Corp. | 8,457 | 135,989 | |
Bally Technologies, Inc. (a) | 110,933 | 4,763,463 | |
Benihana, Inc. | 25,213 | 261,963 | |
Biglari Holdings, Inc. (a) | 2,643 | 1,084,978 | |
BJ's Restaurants, Inc. (a)(d) | 47,376 | 2,352,218 | |
Bluegreen Corp. (a) | 50,251 | 157,788 | |
Bob Evans Farms, Inc. | 62,735 | 2,308,648 | |
Boyd Gaming Corp. (a)(d) | 125,273 | 1,003,437 | |
Bravo Brio Restaurant Group, Inc. (a) | 36,917 | 711,760 | |
Brinker International, Inc. | 201,511 | 5,559,688 | |
Buffalo Wild Wings, Inc. (a)(d) | 36,784 | 3,181,448 | |
Caesars Entertainment Corp. | 3,080 | 34,866 | |
Caribou Coffee Co., Inc. (a) | 44,167 | 732,289 | |
Carrols Restaurant Group, Inc. (a) | 26,041 | 309,367 | |
CEC Entertainment, Inc. | 45,289 | 1,728,228 | |
Century Casinos, Inc. (a) | 54,140 | 151,592 | |
Choice Hotels International, Inc. | 85,796 | 3,223,356 | |
Churchill Downs, Inc. | 30,186 | 1,575,709 | |
Cosi, Inc. (a) | 62,262 | 64,752 | |
Cracker Barrel Old Country Store, Inc. (d) | 47,523 | 2,645,605 | |
Denny's Corp. (a) | 205,362 | 852,252 | |
DineEquity, Inc. (a) | 33,089 | 1,766,291 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Domino's Pizza, Inc. (a)(d) | 119,639 | $ 4,601,316 | |
Dover Downs Gaming & Entertainment, Inc. | 28,631 | 68,714 | |
Dover Motorsports, Inc. (a) | 22,686 | 29,946 | |
Dunkin' Brands Group, Inc. (a)(d) | 108,268 | 3,144,103 | |
Einstein Noah Restaurant Group, Inc. | 15,164 | 212,751 | |
Empire Resorts, Inc. (a)(d) | 26,500 | 77,380 | |
Famous Dave's of America, Inc. (a)(d) | 15,087 | 164,750 | |
Frisch's Restaurants, Inc. | 6,534 | 151,327 | |
Full House Resorts, Inc. (a) | 24,413 | 78,122 | |
Gaming Partners International Corp. | 1,584 | 10,835 | |
Gaylord Entertainment Co. (a)(d) | 100,130 | 2,979,869 | |
Granite City Food & Brewery Ltd. (a) | 2,301 | 4,947 | |
Great Wolf Resorts, Inc. (a) | 92,779 | 375,755 | |
Hyatt Hotels Corp. Class A (a) | 98,806 | 4,091,556 | |
International Speedway Corp. Class A (d) | 76,829 | 1,933,018 | |
Interval Leisure Group, Inc. (a) | 81,140 | 1,094,579 | |
Isle of Capri Casinos, Inc. (a) | 59,329 | 376,739 | |
J. Alexanders Corp. (a) | 2,338 | 15,875 | |
Jack in the Box, Inc. (a)(d) | 113,324 | 2,702,777 | |
Jamba, Inc. (a) | 125,986 | 267,090 | |
Kona Grill, Inc. (a) | 5,707 | 30,704 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 115,091 | 941,444 | |
Lakes Entertainment, Inc. (a) | 51,180 | 100,313 | |
Las Vegas Sands Corp. | 876,347 | 48,733,617 | |
Life Time Fitness, Inc. (a)(d) | 96,201 | 4,759,063 | |
Luby's, Inc. (a)(d) | 29,797 | 147,793 | |
Marcus Corp. | 44,387 | 534,863 | |
Marriott Vacations Worldwide Corp. | 60,000 | 1,495,800 | |
MAXXAM, Inc. (a) | 8 | 4,600 | |
MGM Mirage, Inc. (a)(d) | 698,151 | 9,613,539 | |
Monarch Casino & Resort, Inc. (a) | 27,436 | 287,529 | |
Morgans Hotel Group Co. (a) | 89,969 | 461,541 | |
MTR Gaming Group, Inc. (a) | 26,173 | 93,961 | |
Multimedia Games Holdng Co., Inc. (a)(d) | 53,167 | 543,898 | |
Nathan's Famous, Inc. (a) | 7,826 | 164,268 | |
O'Charleys, Inc. (a)(d) | 49,235 | 487,919 | |
Orient Express Hotels Ltd. Class A (a) | 221,316 | 2,188,815 | |
P.F. Chang's China Bistro, Inc. | 45,904 | 1,759,041 | |
Panera Bread Co. Class A (a)(d) | 67,694 | 10,464,139 | |
Papa John's International, Inc. (a) | 49,000 | 1,820,840 | |
Peet's Coffee & Tea, Inc. (a)(d) | 26,821 | 1,727,004 | |
Penn National Gaming, Inc. (a) | 146,653 | 6,240,085 | |
Pinnacle Entertainment, Inc. (a)(d) | 126,335 | 1,390,948 | |
Premier Exhibitions, Inc. (a) | 33,161 | 81,244 | |
Red Lion Hotels Corp. (a) | 38,228 | 293,973 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 34,870 | 1,199,877 | |
Rick's Cabaret International, Inc. (a) | 17,933 | 168,570 | |
Royal Caribbean Cruises Ltd. | 317,008 | 9,031,558 | |
Ruby Tuesday, Inc. (a)(d) | 132,312 | 1,029,387 | |
| |||
Shares | Value | ||
Ruth's Hospitality Group, Inc. (a)(d) | 60,328 | $ 375,843 | |
Scientific Games Corp. Class A (a) | 141,504 | 1,487,207 | |
Shuffle Master, Inc. (a) | 141,090 | 2,059,914 | |
Six Flags Entertainment Corp. | 117,183 | 5,303,703 | |
Sonic Corp. (a) | 125,987 | 1,040,653 | |
Speedway Motorsports, Inc. | 32,940 | 511,229 | |
Texas Roadhouse, Inc. Class A | 125,535 | 2,100,201 | |
The Cheesecake Factory, Inc. (a)(d) | 120,135 | 3,560,801 | |
Town Sports International Holdings, Inc. (a) | 44,383 | 457,145 | |
Vail Resorts, Inc. (d) | 74,950 | 3,155,395 | |
Wendy's Co. | 790,452 | 4,007,592 | |
WMS Industries, Inc. (a) | 121,192 | 2,669,860 | |
| 192,081,909 | ||
Household Durables - 1.4% | |||
Acme United Corp. | 1,357 | 13,638 | |
American Greetings Corp. Class A (d) | 80,329 | 1,204,935 | |
Bassett Furniture Industries, Inc. | 26,134 | 216,912 | |
Beazer Homes USA, Inc. (a)(d) | 246,893 | 770,306 | |
Blyth, Inc. (d) | 14,069 | 897,602 | |
Brookfield Residential Properties, Inc. (a) | 75,898 | 791,459 | |
Cavco Industries, Inc. (a)(d) | 15,629 | 704,712 | |
Cobra Electronics Corp. (a) | 1,132 | 4,981 | |
CSS Industries, Inc. | 25,514 | 500,074 | |
Dixie Group, Inc. (a) | 9,546 | 40,857 | |
Emerson Radio Corp. (a) | 23,345 | 47,390 | |
Ethan Allen Interiors, Inc. | 57,544 | 1,452,986 | |
Flexsteel Industries, Inc. | 10,672 | 182,491 | |
Furniture Brands International, Inc. (a) | 96,407 | 154,251 | |
Garmin Ltd. | 290,543 | 13,710,724 | |
Helen of Troy Ltd. (a)(d) | 67,636 | 2,198,170 | |
Hooker Furniture Corp. | 26,465 | 317,845 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 247,404 | 685,309 | |
iRobot Corp. (a)(d) | 54,497 | 1,390,763 | |
Jarden Corp. (d) | 194,363 | 6,855,183 | |
KB Home (d) | 152,280 | 1,739,038 | |
Kid Brands, Inc. (a) | 42,456 | 126,943 | |
Koss Corp. | 1,389 | 7,737 | |
La-Z-Boy, Inc. (a)(d) | 105,228 | 1,503,708 | |
Libbey, Inc. (a)(d) | 43,749 | 549,050 | |
Lifetime Brands, Inc. | 17,993 | 210,158 | |
M.D.C. Holdings, Inc. | 74,982 | 1,843,058 | |
M/I Homes, Inc. (a)(d) | 38,453 | 465,666 | |
Meritage Homes Corp. (a)(d) | 60,196 | 1,558,474 | |
Mohawk Industries, Inc. (a) | 116,951 | 7,427,558 | |
NVR, Inc. (a)(d) | 11,951 | 8,270,092 | |
Ryland Group, Inc. (d) | 90,616 | 1,642,868 | |
Sealy Corp., Inc. (a)(d) | 239,859 | 412,557 | |
Skullcandy, Inc. (a)(d) | 35,352 | 499,170 | |
Skyline Corp. | 14,802 | 119,156 | |
Standard Pacific Corp. (a)(d) | 220,810 | 967,148 | |
Stanley Furniture Co., Inc. (a) | 37,789 | 127,727 | |
Tempur-Pedic International, Inc. (a)(d) | 147,018 | 11,614,422 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Toll Brothers, Inc. (a)(d) | 316,787 | $ 7,431,823 | |
Tupperware Brands Corp. | 140,226 | 8,790,768 | |
Universal Electronics, Inc. (a)(d) | 28,987 | 566,986 | |
Wells-Gardner Electronics Corp. | 4,238 | 8,942 | |
Zagg, Inc. (a)(d) | 58,700 | 616,350 | |
| 88,639,987 | ||
Internet & Catalog Retail - 0.6% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 102,656 | 280,251 | |
Bidz.com, Inc. (a)(d) | 10,552 | 6,175 | |
Blue Nile, Inc. (a)(d) | 47,342 | 1,687,742 | |
dELiA*s, Inc. (a) | 42,494 | 45,044 | |
Gaiam, Inc. Class A (a) | 35,599 | 128,868 | |
Geeknet, Inc. (a) | 13,604 | 197,394 | |
Groupon, Inc. Class A (a)(d) | 83,910 | 1,654,286 | |
Hollywood Media Corp. (a) | 72,242 | 80,189 | |
HomeAway, Inc. (d) | 65,284 | 1,728,720 | |
HSN, Inc. | 102,794 | 3,819,825 | |
Liberty Media Corp. Interactive | 1,328,328 | 24,919,433 | |
NutriSystem, Inc. (d) | 57,407 | 646,977 | |
Orbitz Worldwide, Inc. (a)(d) | 57,753 | 207,333 | |
Overstock.com, Inc. (a)(d) | 32,352 | 205,759 | |
PetMed Express, Inc. (d) | 45,901 | 559,074 | |
Shutterfly, Inc. (a)(d) | 62,294 | 1,704,364 | |
U.S. Auto Parts Network, Inc. (a) | 28,450 | 137,983 | |
ValueVision Media, Inc. Class A (a)(d) | 73,905 | 127,117 | |
Vitacost.com, Inc. (a) | 45,174 | 367,265 | |
| 38,503,799 | ||
Leisure Equipment & Products - 0.3% | |||
Adams Golf, Inc. (a) | 7,181 | 64,629 | |
Arctic Cat, Inc. (a) | 27,483 | 1,010,825 | |
Black Diamond, Inc. (a) | 55,844 | 462,388 | |
Brunswick Corp. | 184,231 | 4,404,963 | |
Callaway Golf Co. | 135,531 | 887,728 | |
Cybex International, Inc. (a) | 14,718 | 33,410 | |
Escalade, Inc. | 6,336 | 30,476 | |
JAKKS Pacific, Inc. (d) | 58,677 | 911,254 | |
Johnson Outdoors, Inc. Class A (a) | 10,627 | 174,708 | |
Leapfrog Enterprises, Inc. Class A (a) | 86,806 | 610,246 | |
Marine Products Corp. | 22,297 | 138,687 | |
Meade Instruments Corp. (a) | 201 | 665 | |
Nautilus, Inc. (a) | 58,853 | 163,611 | |
Polaris Industries, Inc. | 138,977 | 9,180,821 | |
Smith & Wesson Holding Corp. (a) | 147,064 | 769,145 | |
Steinway Musical Instruments, Inc. (a) | 16,626 | 414,985 | |
Sturm, Ruger & Co., Inc. | 42,768 | 1,786,847 | |
Summer Infant, Inc. (a) | 37,416 | 224,122 | |
| 21,269,510 | ||
Media - 2.7% | |||
A.H. Belo Corp. Class A | 41,273 | 194,809 | |
| |||
Shares | Value | ||
AMC Networks, Inc. Class A | 146,257 | $ 6,638,605 | |
Arbitron, Inc. (d) | 60,109 | 2,010,045 | |
Ballantyne of Omaha, Inc. (a) | 47,765 | 234,526 | |
Beasley Broadcast Group, Inc. | 4,117 | 15,974 | |
Belo Corp. Series A | 191,951 | 1,376,289 | |
Carmike Cinemas, Inc. (a)(d) | 27,922 | 210,253 | |
Charter Communications, Inc. Class A (a) | 86,214 | 5,466,830 | |
Cinemark Holdings, Inc. | 204,798 | 4,284,374 | |
Clear Channel Outdoor Holding, Inc. Class A | 90,270 | 1,194,272 | |
Crown Media Holdings, Inc. Class A (a)(d) | 75,322 | 96,412 | |
Cumulus Media, Inc. Class A (a)(d) | 58,225 | 200,294 | |
Dex One Corp. (a) | 102,416 | 179,228 | |
DialGlobal, Inc. (a) | 878 | 2,151 | |
Digital Domain Media Group, Inc. | 990 | 5,554 | |
Digital Generation, Inc. (a)(d) | 53,751 | 537,510 | |
DISH Network Corp. Class A | 452,994 | 13,213,835 | |
DreamWorks Animation SKG, Inc. | 140,351 | 2,422,458 | |
E.W. Scripps Co. Class A (a) | 90,471 | 861,284 | |
Emmis Communications Corp. | 80,456 | 58,733 | |
Entercom Communications Corp. | 52,600 | 368,200 | |
Entravision Communication Corp. | 99,974 | 165,957 | |
Fisher Communications, Inc. (a) | 18,212 | 522,138 | |
Gray Television, Inc. (a)(d) | 114,472 | 235,812 | |
Harris Interactive, Inc. (a) | 49,977 | 43,480 | |
Harte-Hanks, Inc. | 85,794 | 749,840 | |
Insignia Systems, Inc. | 22,896 | 48,997 | |
John Wiley & Sons, Inc. Class A (d) | 110,077 | 4,997,496 | |
Journal Communications, Inc. Class A (a) | 87,795 | 417,026 | |
Knology, Inc. (a) | 97,890 | 1,745,379 | |
Lamar Advertising Co. Class A (a)(d) | 131,584 | 4,302,797 | |
Liberty Global, Inc. Class A (a)(d) | 602,873 | 30,252,167 | |
Liberty Media Corp. Capital Series A (a) | 252,719 | 22,716,911 | |
LIN TV Corp. Class A (a) | 76,893 | 316,799 | |
Live Nation Entertainment, Inc. (a)(d) | 346,898 | 3,233,089 | |
LodgeNet Entertainment Corp. (a)(d) | 59,818 | 203,979 | |
Madison Square Garden Co. Class A (a) | 122,099 | 3,888,853 | |
Martha Stewart Living Omnimedia, Inc. Class A | 61,948 | 278,766 | |
Media General, Inc. Class A (a)(d) | 25,434 | 143,702 | |
Meredith Corp. (d) | 74,098 | 2,437,824 | |
Morningstar, Inc. | 54,467 | 3,260,939 | |
National CineMedia, Inc. | 112,174 | 1,784,688 | |
Navarre Corp. (a) | 74,677 | 126,951 | |
New Frontier Media, Inc. (a) | 50,060 | 61,574 | |
Nexstar Broadcasting Group, Inc. | 51,855 | 427,804 | |
NTN Communications, Inc. (a) | 49,847 | 11,714 | |
Outdoor Channel Holdings, Inc. | 43,232 | 304,786 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Pandora Media, Inc. (d) | 156,282 | $ 2,041,043 | |
Point.360 (a) | 2,433 | 1,996 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 89,989 | 86,389 | |
ReachLocal, Inc. (a)(d) | 38,350 | 299,130 | |
Reading International, Inc. Class A (a) | 24,625 | 111,798 | |
Regal Entertainment Group Class A | 219,584 | 3,034,651 | |
Rentrak Corp. (a)(d) | 20,726 | 430,686 | |
Saga Communications, Inc. Class A (a) | 4,466 | 167,564 | |
Salem Communications Corp. Class A (a) | 11,570 | 30,429 | |
Scholastic Corp. | 51,450 | 1,572,827 | |
Sinclair Broadcast Group, Inc. Class A | 104,583 | 1,194,338 | |
Sirius XM Radio, Inc. (a)(d) | 8,621,158 | 19,483,817 | |
Spanish Broadcasting System, Inc. | 17,489 | 76,252 | |
SPAR Group, Inc. (a) | 4,346 | 5,041 | |
SuperMedia, Inc. (a)(d) | 54,054 | 154,054 | |
The McClatchy Co. Class A (a)(d) | 133,924 | 340,167 | |
The New York Times Co. Class A (a) | 262,449 | 1,729,539 | |
Valassis Communications, Inc. (a)(d) | 103,593 | 2,587,753 | |
Value Line, Inc. | 1,396 | 16,012 | |
Virgin Media, Inc. | 667,212 | 16,813,742 | |
World Wrestling Entertainment, Inc. | 81,907 | 748,630 | |
| 173,176,962 | ||
Multiline Retail - 0.3% | |||
Dillard's, Inc. Class A (d) | 83,865 | 5,127,506 | |
Dollar General Corp. (a) | 275,042 | 11,568,267 | |
Duckwall-ALCO Stores, Inc. (a) | 8,410 | 70,560 | |
Fred's, Inc. Class A | 107,249 | 1,485,399 | |
Gordmans Stores, Inc. (a) | 23,635 | 358,543 | |
Saks, Inc. (a)(d) | 251,611 | 2,931,268 | |
The Bon-Ton Stores, Inc. (d) | 31,972 | 153,466 | |
Tuesday Morning Corp. (a) | 85,411 | 292,960 | |
| 21,987,969 | ||
Specialty Retail - 3.5% | |||
Aarons, Inc. Class A | 152,022 | 4,247,495 | |
Advance Auto Parts, Inc. | 160,341 | 13,688,311 | |
Aeropostale, Inc. (a) | 217,864 | 3,915,016 | |
America's Car Mart, Inc. (a) | 24,361 | 1,086,744 | |
American Eagle Outfitters, Inc. | 458,447 | 6,665,819 | |
ANN, Inc. (a) | 130,985 | 3,129,232 | |
Appliance Recycling Centers of America, Inc. (a) | 2,967 | 15,013 | |
Asbury Automotive Group, Inc. (a)(d) | 69,311 | 1,797,234 | |
Ascena Retail Group, Inc. (a) | 139,808 | 5,396,589 | |
Barnes & Noble, Inc. (a)(d) | 85,013 | 1,131,523 | |
bebe Stores, Inc. | 123,042 | 1,102,456 | |
Big 5 Sporting Goods Corp. (d) | 37,628 | 293,122 | |
Body Central Corp. (a) | 37,768 | 1,051,461 | |
Books-A-Million, Inc. (d) | 24,011 | 62,909 | |
Brown Shoe Co., Inc. | 88,876 | 958,083 | |
| |||
Shares | Value | ||
Build-A-Bear Workshop, Inc. (a) | 33,647 | $ 183,376 | |
Cabela's, Inc. Class A (a)(d) | 101,331 | 3,595,224 | |
Cache, Inc. (a) | 37,741 | 235,126 | |
Casual Male Retail Group, Inc. (a) | 107,460 | 338,499 | |
Charming Shoppes, Inc. (a) | 215,702 | 1,218,716 | |
Chico's FAS, Inc. | 371,520 | 5,576,515 | |
Christopher & Banks Corp. | 90,275 | 193,189 | |
Citi Trends, Inc. (a)(d) | 30,443 | 330,002 | |
Coldwater Creek, Inc. (a)(d) | 139,498 | 131,128 | |
Collective Brands, Inc. (a)(d) | 130,215 | 2,346,474 | |
Conn's, Inc. (a) | 51,120 | 677,851 | |
Cost Plus, Inc. (a)(d) | 34,446 | 452,620 | |
Destination Maternity Corp. | 25,288 | 454,678 | |
Dick's Sporting Goods, Inc. | 193,897 | 8,678,830 | |
Dover Saddlery, Inc. (a) | 1,537 | 7,285 | |
Dreams, Inc. (a) | 55,948 | 142,667 | |
DSW, Inc. Class A (d) | 51,084 | 2,881,138 | |
Express, Inc. (a) | 155,610 | 3,703,518 | |
Finish Line, Inc. Class A | 109,784 | 2,523,934 | |
Foot Locker, Inc. | 360,722 | 10,522,261 | |
Francescas Holdings Corp. (a) | 34,737 | 797,214 | |
Genesco, Inc. (a)(d) | 49,329 | 3,361,278 | |
GNC Holdings, Inc. | 112,665 | 3,646,966 | |
Golfsmith International Holdings, Inc. (a)(d) | 13,141 | 53,747 | |
Group 1 Automotive, Inc. | 57,507 | 2,965,636 | |
Guess?, Inc. (d) | 133,530 | 4,626,815 | |
Hastings Entertainment, Inc. (a)(d) | 13,630 | 24,670 | |
Haverty Furniture Companies, Inc. | 46,862 | 515,482 | |
hhgregg, Inc. (a)(d) | 46,801 | 534,935 | |
Hibbett Sports, Inc. (a)(d) | 68,612 | 3,358,557 | |
Hot Topic, Inc. (d) | 93,449 | 833,565 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 56,221 | 2,894,819 | |
Kirkland's, Inc. (a) | 44,730 | 713,444 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 45,718 | 1,079,402 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 47,662 | 1,043,321 | |
MarineMax, Inc. (a) | 45,781 | 369,910 | |
Mattress Firm Holding Corp. (d) | 20,300 | 674,772 | |
Midas, Inc. (a) | 29,295 | 267,463 | |
Monro Muffler Brake, Inc. | 67,324 | 3,088,152 | |
New York & Co., Inc. (a) | 66,787 | 174,314 | |
Office Depot, Inc. (a)(d) | 575,112 | 1,897,870 | |
OfficeMax, Inc. (a)(d) | 175,591 | 983,310 | |
Pacific Sunwear of California, Inc. (a)(d) | 134,412 | 282,265 | |
Penske Automotive Group, Inc. | 94,060 | 2,264,965 | |
Perfumania Holdings, Inc. (a) | 1,076 | 10,771 | |
PetSmart, Inc. | 246,522 | 13,741,136 | |
Pier 1 Imports, Inc. (a)(d) | 262,190 | 4,501,802 | |
RadioShack Corp. | 214,393 | 1,520,046 | |
Rent-A-Center, Inc. (d) | 149,130 | 5,282,185 | |
rue21, Inc. (a) | 31,869 | 850,265 | |
Sally Beauty Holdings, Inc. (a) | 313,293 | 7,456,373 | |
Select Comfort Corp. (a)(d) | 147,357 | 4,360,294 | |
Shoe Carnival, Inc. (a) | 18,743 | 490,692 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Signet Jewelers Ltd. | 185,683 | $ 8,708,533 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (d) | 74,200 | 1,271,046 | |
Stage Stores, Inc. | 76,001 | 1,136,215 | |
Stein Mart, Inc. (a) | 56,330 | 403,886 | |
Systemax, Inc. (a)(d) | 20,254 | 390,902 | |
Talbots, Inc. (a) | 132,452 | 392,058 | |
Tandy Leather Factory, Inc. | 3,074 | 15,985 | |
Teavana Holdings, Inc. (a)(d) | 44,153 | 1,035,388 | |
The Buckle, Inc. (d) | 56,089 | 2,519,518 | |
The Cato Corp. Class A (sub. vtg.) | 57,708 | 1,564,464 | |
The Children's Place Retail Stores, Inc. (a)(d) | 57,906 | 2,938,730 | |
The Men's Wearhouse, Inc. | 108,987 | 4,221,067 | |
The Pep Boys - Manny, Moe & Jack | 106,929 | 1,608,212 | |
Tractor Supply Co. | 162,517 | 13,890,328 | |
Trans World Entertainment Corp. (a) | 29,120 | 68,141 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a) | 109,676 | 9,129,430 | |
Vitamin Shoppe, Inc. (a)(d) | 57,120 | 2,423,602 | |
West Marine, Inc. (a) | 30,261 | 320,767 | |
Wet Seal, Inc. Class A (a)(d) | 251,975 | 881,913 | |
Williams-Sonoma, Inc. (d) | 228,308 | 8,812,689 | |
Winmark Corp. | 5,172 | 299,304 | |
Zale Corp. (a)(d) | 121,040 | 388,538 | |
Zumiez, Inc. (a)(d) | 53,696 | 1,687,128 | |
| 227,508,318 | ||
Textiles, Apparel & Luxury Goods - 1.5% | |||
American Apparel, Inc. (a)(d) | 61,564 | 46,789 | |
Carter's, Inc. (a)(d) | 111,014 | 5,391,950 | |
Charles & Colvard Ltd. (a) | 24,954 | 104,308 | |
Cherokee, Inc. | 28,809 | 324,677 | |
Columbia Sportswear Co. (d) | 32,192 | 1,607,347 | |
Crocs, Inc. (a) | 187,838 | 3,691,017 | |
Crown Crafts, Inc. | 2,227 | 9,442 | |
Culp, Inc. (a) | 19,568 | 204,486 | |
Deckers Outdoor Corp. (a)(d) | 80,847 | 6,044,122 | |
Delta Apparel, Inc. (a) | 17,128 | 280,728 | |
DGSE Companies, Inc. (a) | 6,929 | 54,254 | |
Forward Industries, Inc. (NY Shares) (a) | 18,823 | 54,398 | |
Fossil, Inc. (a)(d) | 120,590 | 14,709,568 | |
G-III Apparel Group Ltd. (a)(d) | 38,295 | 954,311 | |
Hallwood Group, Inc. (a) | 360 | 4,428 | |
Hanesbrands, Inc. (a)(d) | 228,176 | 6,555,496 | |
Heelys, Inc. (a) | 58,297 | 129,419 | |
Iconix Brand Group, Inc. (a)(d) | 151,594 | 2,752,947 | |
Joe's Jeans, Inc. (a) | 112,776 | 96,423 | |
K-Swiss, Inc. Class A (a)(d) | 60,461 | 201,335 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 26,310 | 412,804 | |
Lacrosse Footwear, Inc. | 9,275 | 118,627 | |
| |||
Shares | Value | ||
Lakeland Industries, Inc. (a) | 24,260 | $ 241,387 | |
Liz Claiborne, Inc. (a)(d) | 191,172 | 1,869,662 | |
Maidenform Brands, Inc. (a) | 78,925 | 1,657,425 | |
Michael Kors Holdings Ltd. | 83,916 | 3,629,367 | |
Movado Group, Inc. | 36,887 | 789,382 | |
Oxford Industries, Inc. | 39,771 | 2,004,458 | |
Perry Ellis International, Inc. (a)(d) | 50,000 | 871,500 | |
PVH Corp. | 133,145 | 11,318,656 | |
Quiksilver, Inc. (a) | 280,211 | 1,311,387 | |
R.G. Barry Corp. | 22,932 | 320,589 | |
Rocky Brands, Inc. (a) | 16,536 | 194,298 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 83,366 | 1,064,584 | |
Steven Madden Ltd. (a)(d) | 80,605 | 3,480,524 | |
Superior Uniform Group, Inc. | 5,649 | 70,500 | |
Tandy Brands Accessories, Inc. (a) | 1,058 | 1,820 | |
The Jones Group, Inc. | 181,430 | 1,787,086 | |
True Religion Apparel, Inc. (a) | 71,106 | 1,875,065 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 92,429 | 8,248,364 | |
Unifi, Inc. (a) | 45,178 | 374,526 | |
Vera Bradley, Inc. (a)(d) | 51,675 | 1,896,473 | |
Warnaco Group, Inc. (a)(d) | 104,861 | 6,156,389 | |
Wolverine World Wide, Inc. | 110,840 | 4,227,438 | |
| 97,139,756 | ||
TOTAL CONSUMER DISCRETIONARY | 1,031,948,965 | ||
CONSUMER STAPLES - 3.6% | |||
Beverages - 0.4% | |||
Boston Beer Co., Inc. Class A (a)(d) | 22,500 | 2,126,700 | |
Central European Distribution Corp. (a)(d) | 158,400 | 690,624 | |
Coca-Cola Bottling Co. CONSOLIDATED | 10,828 | 697,756 | |
Craft Brew Alliance, Inc. (a)(d) | 22,005 | 137,531 | |
Crystal Rock Holdings, Inc. (a) | 4,384 | 3,858 | |
Jones Soda Co. (a) | 42,540 | 21,270 | |
MGP Ingredients, Inc. | 21,690 | 131,008 | |
Monster Beverage Corp. (a) | 343,964 | 19,671,301 | |
National Beverage Corp. | 48,005 | 768,560 | |
Primo Water Corp. (a)(d) | 43,402 | 115,449 | |
| 24,364,057 | ||
Food & Staples Retailing - 0.4% | |||
Andersons, Inc. | 39,242 | 1,690,938 | |
Arden Group, Inc. Class A | 2,566 | 229,760 | |
Casey's General Stores, Inc. | 78,597 | 4,026,524 | |
Chefs' Warehouse Holdings (a) | 27,477 | 577,017 | |
Crumbs Bake Shop, Inc. (a) | 21,400 | 80,464 | |
Fresh Market, Inc. (a)(d) | 63,325 | 2,850,892 | |
Ingles Markets, Inc. Class A | 32,319 | 577,541 | |
Nash-Finch Co. | 33,766 | 905,266 | |
PriceSmart, Inc. | 37,160 | 2,401,651 | |
Rite Aid Corp. (a)(d) | 1,339,058 | 2,062,149 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food & Staples Retailing - continued | |||
Roundy's, Inc. | 38,156 | $ 381,560 | |
Ruddick Corp. | 91,474 | 3,746,775 | |
Spartan Stores, Inc. | 47,038 | 839,158 | |
Susser Holdings Corp. (a)(d) | 42,317 | 1,072,313 | |
The Pantry, Inc. (a)(d) | 48,462 | 602,383 | |
United Natural Foods, Inc. (a)(d) | 99,547 | 4,531,379 | |
Village Super Market, Inc. Class A | 10,408 | 313,177 | |
Weis Markets, Inc. | 29,832 | 1,278,600 | |
Winn-Dixie Stores, Inc. (a) | 117,587 | 1,114,725 | |
| 29,282,272 | ||
Food Products - 1.7% | |||
Alico, Inc. | 8,218 | 191,151 | |
B&G Foods, Inc. Class A | 97,603 | 2,272,198 | |
Bridgford Foods Corp. (a) | 4,789 | 41,569 | |
Bunge Ltd. | 324,121 | 21,819,826 | |
Cal-Maine Foods, Inc. (d) | 27,895 | 1,073,958 | |
Calavo Growers, Inc. | 37,834 | 1,040,435 | |
Chiquita Brands International, Inc. (a) | 92,664 | 888,648 | |
Coffee Holding Co., Inc. | 4,500 | 35,550 | |
Corn Products International, Inc. | 163,249 | 9,362,330 | |
Darling International, Inc. (a)(d) | 244,220 | 3,905,078 | |
Diamond Foods, Inc. (d) | 45,316 | 1,083,959 | |
Dole Food Co., Inc. (a)(d) | 97,530 | 934,337 | |
Farmer Brothers Co. | 16,489 | 182,533 | |
Flowers Foods, Inc. | 286,497 | 5,483,553 | |
Fresh Del Monte Produce, Inc. | 100,958 | 2,267,517 | |
Golden Enterprises Ltd. | 2,595 | 8,252 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 270,000 | 17,541,900 | |
Griffin Land & Nurseries, Inc. | 5,717 | 145,955 | |
Hain Celestial Group, Inc. (a)(d) | 96,961 | 3,959,887 | |
Imperial Sugar Co. | 28,869 | 165,997 | |
Inventure Foods, Inc. (a) | 25,815 | 105,067 | |
J&J Snack Foods Corp. | 28,888 | 1,449,311 | |
John B. Sanfilippo & Son, Inc. (a) | 23,941 | 256,169 | |
Lancaster Colony Corp. | 51,289 | 3,342,504 | |
Lifeway Foods, Inc. (a)(d) | 13,382 | 121,776 | |
Limoneira Co. (d) | 16,924 | 310,386 | |
Omega Protein Corp. (a) | 45,997 | 379,935 | |
Overhill Farms, Inc. (a) | 28,537 | 123,565 | |
Pilgrims Pride Corp. (d) | 79,596 | 499,067 | |
Pilgrims Pride Corp. rights 3/1/12 (a) | 100,398 | 36,820 | |
Post Holdings, Inc. (a) | 61,641 | 1,919,501 | |
Ralcorp Holdings, Inc. (a) | 131,280 | 9,793,488 | |
Sanderson Farms, Inc. (d) | 42,833 | 2,107,384 | |
Seneca Foods Corp. Class A (a) | 21,181 | 542,657 | |
Smart Balance, Inc. (a) | 144,048 | 862,848 | |
Smithfield Foods, Inc. (a)(d) | 358,972 | 8,410,714 | |
Snyders-Lance, Inc. | 143,901 | 3,230,577 | |
| |||
Shares | Value | ||
Tootsie Roll Industries, Inc. (d) | 69,890 | $ 1,624,943 | |
TreeHouse Foods, Inc. (a)(d) | 74,400 | 4,285,440 | |
| 111,806,785 | ||
Household Products - 0.5% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 119,241 | 1,141,136 | |
Church & Dwight Co., Inc. | 311,672 | 14,879,221 | |
Energizer Holdings, Inc. (a) | 162,669 | 12,436,045 | |
Harbinger Group, Inc. (a) | 43,619 | 198,903 | |
Ocean Bio-Chem, Inc. (a) | 20,307 | 54,829 | |
Oil-Dri Corp. of America | 15,023 | 312,328 | |
Orchids Paper Products Co. | 23,276 | 416,640 | |
Spectrum Brands Holdings, Inc. (a) | 53,363 | 1,516,576 | |
WD-40 Co. | 44,760 | 1,928,261 | |
| 32,883,939 | ||
Personal Products - 0.5% | |||
CCA Industries, Inc. | 3,083 | 15,230 | |
Cyanotech Corp. (a) | 3,808 | 30,692 | |
Elizabeth Arden, Inc. (a)(d) | 54,230 | 2,014,645 | |
Herbalife Ltd. | 263,786 | 17,465,271 | |
Inter Parfums, Inc. | 35,137 | 592,761 | |
Mannatech, Inc. (a) | 1,576 | 6,146 | |
MediFast, Inc. (a)(d) | 29,967 | 486,364 | |
Natural Alternatives International, Inc. (a) | 20,104 | 128,062 | |
Nature's Sunshine Products, Inc. (a) | 17,668 | 260,603 | |
Nu Skin Enterprises, Inc. Class A | 123,342 | 7,124,234 | |
Nutraceutical International Corp. (a) | 24,021 | 312,753 | |
Parlux Fragrances, Inc. (a) | 25,118 | 129,358 | |
Physicians Formula Holdings, Inc. (a) | 22,295 | 64,656 | |
Prestige Brands Holdings, Inc. (a) | 104,019 | 1,716,314 | |
Reliv International, Inc. | 10,690 | 14,325 | |
Revlon, Inc. (a) | 42,260 | 640,662 | |
Schiff Nutrition International, Inc. (a)(d) | 27,999 | 312,469 | |
The Female Health Co. | 46,956 | 231,024 | |
United-Guardian, Inc. | 3,431 | 55,651 | |
USANA Health Sciences, Inc. (a)(d) | 34,185 | 1,268,264 | |
| 32,869,484 | ||
Tobacco - 0.1% | |||
Alliance One International, Inc. (a)(d) | 266,461 | 983,241 | |
Star Scientific, Inc. (a)(d) | 226,518 | 849,443 | |
Universal Corp. (d) | 47,967 | 2,203,604 | |
Vector Group Ltd. (d) | 94,601 | 1,717,008 | |
| 5,753,296 | ||
TOTAL CONSUMER STAPLES | 236,959,833 | ||
ENERGY - 6.7% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 116,937 | 5,561,524 | |
Basic Energy Services, Inc. (a)(d) | 88,232 | 1,752,288 | |
Bolt Technology Corp. | 24,542 | 338,189 | |
Bristow Group, Inc. | 74,615 | 3,522,574 | |
C&J Energy Services, Inc. (d) | 22,000 | 447,040 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Cal Dive International, Inc. (a)(d) | 192,996 | $ 559,688 | |
Carbo Ceramics, Inc. (d) | 44,330 | 4,062,845 | |
Dawson Geophysical Co. (a) | 17,762 | 673,002 | |
Dresser-Rand Group, Inc. (a)(d) | 178,338 | 9,366,312 | |
Dril-Quip, Inc. (a)(d) | 75,346 | 5,273,467 | |
Energy Services of America Corp. (a) | 9,053 | 31,323 | |
ENGlobal Corp. (a) | 44,577 | 102,527 | |
Exterran Holdings, Inc. (a)(d) | 135,098 | 1,945,411 | |
Forbes Energy Services Ltd. (a) | 10,374 | 65,460 | |
Geokinetics, Inc. (a) | 45,520 | 90,585 | |
Global Geophysical Services, Inc. (a) | 50,528 | 544,692 | |
Gulf Island Fabrication, Inc. | 30,245 | 886,481 | |
Gulfmark Offshore, Inc. Class A (a) | 58,283 | 2,928,138 | |
Helix Energy Solutions Group, Inc. (a)(d) | 217,927 | 4,192,915 | |
Hercules Offshore, Inc. (a)(d) | 315,518 | 1,602,831 | |
Hornbeck Offshore Services, Inc. (a)(d) | 66,010 | 2,689,908 | |
ION Geophysical Corp. (a)(d) | 241,453 | 1,728,803 | |
Key Energy Services, Inc. (a)(d) | 366,546 | 6,253,275 | |
Lufkin Industries, Inc. | 74,136 | 5,904,191 | |
Matrix Service Co. (a) | 71,062 | 940,861 | |
McDermott International, Inc. (a) | 495,504 | 6,471,282 | |
Mitcham Industries, Inc. (a) | 24,562 | 574,014 | |
Natural Gas Services Group, Inc. (a)(d) | 25,396 | 355,290 | |
Newpark Resources, Inc. (a)(d) | 184,790 | 1,454,297 | |
Oceaneering International, Inc. | 235,178 | 12,763,110 | |
Oil States International, Inc. (a)(d) | 117,013 | 9,503,796 | |
OYO Geospace Corp. (a) | 9,947 | 1,094,667 | |
Parker Drilling Co. (a) | 242,503 | 1,535,044 | |
Patterson-UTI Energy, Inc. | 324,732 | 6,306,295 | |
PHI, Inc. (non-vtg.) (a) | 30,743 | 679,420 | |
Pioneer Drilling Co. (a)(d) | 132,423 | 1,318,933 | |
RigNet, Inc. (a) | 17,441 | 296,497 | |
RPC, Inc. (d) | 112,673 | 1,803,895 | |
SEACOR Holdings, Inc. (a)(d) | 52,976 | 5,238,267 | |
Superior Energy Services, Inc. (a) | 360,342 | 10,572,434 | |
Tesco Corp. (a)(d) | 66,408 | 1,017,371 | |
TETRA Technologies, Inc. (a)(d) | 155,121 | 1,410,050 | |
TGC Industries, Inc. (a) | 32,309 | 327,613 | |
Tidewater, Inc. | 108,622 | 6,463,009 | |
Union Drilling, Inc. (a) | 29,459 | 198,554 | |
Unit Corp. (a)(d) | 116,878 | 5,559,886 | |
Willbros Group, Inc. (a) | 99,083 | 416,149 | |
| 136,824,203 | ||
Oil, Gas & Consumable Fuels - 4.6% | |||
Abraxas Petroleum Corp. (a)(d) | 199,696 | 802,778 | |
Adams Resources & Energy, Inc. | 15,909 | 659,746 | |
Alon USA Energy, Inc. | 31,382 | 294,991 | |
Amyris, Inc. (a)(d) | 59,801 | 321,729 | |
APCO Oil and Gas International, Inc. (d) | 22,879 | 1,720,043 | |
Approach Resources, Inc. (a)(d) | 59,134 | 2,043,671 | |
Arch Coal, Inc. | 466,807 | 6,334,571 | |
| |||
Shares | Value | ||
ATP Oil & Gas Corp. (a)(d) | 109,981 | $ 879,848 | |
Barnwell Industries, Inc. (a) | 11,298 | 31,860 | |
Berry Petroleum Co. Class A | 111,618 | 6,022,907 | |
Bill Barrett Corp. (a)(d) | 108,832 | 3,181,159 | |
BioFuel Energy Corp. (a)(d) | 245,610 | 186,418 | |
Bonanza Creek Energy, Inc. | 21,405 | 398,133 | |
BPZ Energy, Inc. (a)(d) | 218,335 | 700,855 | |
Callon Petroleum Co. (a) | 73,635 | 519,863 | |
Carrizo Oil & Gas, Inc. (a)(d) | 72,656 | 2,046,720 | |
Cheniere Energy, Inc. (a)(d) | 209,409 | 3,149,511 | |
Cimarex Energy Co. | 195,710 | 15,787,926 | |
Clayton Williams Energy, Inc. (a)(d) | 26,242 | 2,318,481 | |
Clean Energy Fuels Corp. (a)(d) | 103,956 | 1,953,333 | |
Cloud Peak Energy, Inc. (a)(d) | 125,502 | 2,223,895 | |
Cobalt International Energy, Inc. (a)(d) | 339,545 | 10,206,723 | |
Comstock Resources, Inc. (a)(d) | 98,794 | 1,583,668 | |
Concho Resources, Inc. (a)(d) | 237,808 | 25,407,407 | |
Contango Oil & Gas Co. (a)(d) | 31,943 | 2,030,936 | |
Continental Resources, Inc. (a)(d) | 125,022 | 11,336,995 | |
CREDO Petroleum Corp. (a) | 17,574 | 201,750 | |
Crimson Exploration, Inc. (a)(d) | 82,961 | 258,009 | |
Crosstex Energy, Inc. | 112,481 | 1,544,364 | |
Cubic Energy, Inc. (a)(d) | 80,504 | 41,862 | |
CVR Energy, Inc. (a)(d) | 192,008 | 5,224,538 | |
Delek US Holdings, Inc. | 31,238 | 412,654 | |
DHT Holdings, Inc. (d) | 140,401 | 155,845 | |
Double Eagle Petroleum Co. (a) | 27,291 | 185,306 | |
Earthstone Energy, Inc. (a) | 4,213 | 100,480 | |
Endeavour International Corp. (a)(d) | 75,178 | 869,809 | |
Energen Corp. | 154,282 | 8,212,431 | |
Energy Partners Ltd. (a) | 62,783 | 1,069,822 | |
Evolution Petroleum Corp. (a) | 37,375 | 346,840 | |
EXCO Resources, Inc. (d) | 381,221 | 2,718,106 | |
FieldPoint Petroleum Corp. (a) | 9,981 | 54,197 | |
Forest Oil Corp. (a)(d) | 237,472 | 3,070,513 | |
FX Energy, Inc. (a)(d) | 108,663 | 687,837 | |
Gasco Energy, Inc. (a)(d) | 467,214 | 135,492 | |
Gastar Exploration Ltd. (a) | 112,646 | 323,294 | |
GeoMet, Inc. (a) | 60,223 | 40,952 | |
Georesources, Inc. (a)(d) | 43,651 | 1,398,578 | |
Gevo, Inc. (a)(d) | 16,005 | 160,210 | |
GMX Resources, Inc. (a)(d) | 104,152 | 183,308 | |
Goodrich Petroleum Corp. (a)(d) | 59,308 | 944,776 | |
Green Plains Renewable Energy, Inc. (a)(d) | 48,253 | 547,672 | |
Gulfport Energy Corp. (a)(d) | 88,655 | 2,980,581 | |
Halcon Resources Corp. (a)(d) | 47,202 | 518,750 | |
Hallador Energy Co. | 4,464 | 45,086 | |
Harvest Natural Resources, Inc. (a)(d) | 74,832 | 495,388 | |
HKN, Inc. (a) | 28,420 | 65,934 | |
HollyFrontier Corp. | 421,851 | 13,764,998 | |
Houston American Energy Corp. (a)(d) | 37,486 | 406,348 | |
Hyperdynamics Corp. (a)(d) | 317,808 | 432,219 | |
Isramco, Inc. (a)(d) | 1,934 | 159,748 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
James River Coal Co. (a)(d) | 72,283 | $ 414,182 | |
Kinder Morgan Holding Co. LLC (d) | 239,894 | 8,453,865 | |
KiOR, Inc. Class A (d) | 28,186 | 245,218 | |
Kodiak Oil & Gas Corp. (a)(d) | 616,350 | 5,972,432 | |
Laredo Petroleum Holdings, Inc. | 38,457 | 975,654 | |
Lucas Energy, Inc. (a)(d) | 25,312 | 74,164 | |
Magellan Petroleum Corp. (a) | 109,622 | 139,220 | |
Magnum Hunter Resources Corp. (d) | 263,466 | 1,823,185 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 19,383 | 0 | |
Matador Resources Co. | 29,289 | 347,368 | |
McMoRan Exploration Co. (a)(d) | 286,847 | 4,015,858 | |
Mexco Energy Corp. (a) | 2,175 | 21,054 | |
Miller Energy Resources, Inc. (a)(d) | 130,696 | 548,923 | |
Northern Oil & Gas, Inc. (a)(d) | 161,173 | 3,821,412 | |
Oasis Petroleum, Inc. (a)(d) | 145,480 | 4,665,544 | |
Overseas Shipholding Group, Inc. (d) | 63,133 | 558,727 | |
Pacific Ethanol, Inc. (a)(d) | 65,558 | 80,636 | |
Panhandle Royalty Co. Class A | 15,804 | 460,687 | |
Patriot Coal Corp. (a)(d) | 199,584 | 1,442,992 | |
Penn Virginia Corp. | 93,671 | 458,051 | |
Petroleum Development Corp. (a) | 48,457 | 1,576,791 | |
Petroquest Energy, Inc. (a)(d) | 116,987 | 713,621 | |
Plains Exploration & Production Co. (a) | 318,253 | 14,025,410 | |
PostRock Energy Corp. (a) | 17,510 | 64,262 | |
PrimeEnergy Corp. (a) | 1,965 | 44,311 | |
Pyramid Oil Co. (a) | 7,060 | 37,206 | |
Quicksilver Resources, Inc. (a)(d) | 274,950 | 1,523,223 | |
Renewable Energy Group, Inc. | 10,652 | 101,940 | |
Rentech, Inc. (a) | 504,816 | 898,572 | |
Resolute Energy Corp. (a)(d) | 165,845 | 1,850,830 | |
Rex American Resources Corp. (a) | 16,822 | 515,931 | |
Rex Energy Corp. (a)(d) | 90,060 | 1,035,690 | |
Rosetta Resources, Inc. (a)(d) | 110,823 | 5,656,406 | |
Royale Energy, Inc. (a)(d) | 11,555 | 71,294 | |
Sanchez Energy Corp. (d) | 19,483 | 466,228 | |
SandRidge Energy, Inc. (a)(d) | 811,063 | 7,031,916 | |
Saratoga Resources, Inc. (a) | 15,181 | 100,954 | |
SemGroup Corp. Class A (a) | 96,535 | 2,738,698 | |
Ship Finance International Ltd. (NY Shares) (d) | 109,403 | 1,502,103 | |
SM Energy Co. | 137,484 | 10,822,740 | |
SMF Energy Corp. (d) | 11,201 | 40,660 | |
Solazyme, Inc. (d) | 23,938 | 329,866 | |
Southern Union Co. (d) | 260,425 | 11,443,075 | |
Stone Energy Corp. (a)(d) | 102,000 | 3,258,900 | |
Swift Energy Co. (a)(d) | 88,600 | 2,660,658 | |
Synergy Resources Corp. (a) | 18,532 | 63,750 | |
Syntroleum Corp. (a)(d) | 166,427 | 206,369 | |
Targa Resources Corp. | 86,957 | 3,863,500 | |
Teekay Corp. | 95,965 | 2,763,792 | |
| |||
Shares | Value | ||
Tengasco, Inc. (a) | 63,216 | $ 65,112 | |
Tri-Valley Corp. (a)(d) | 75,638 | 12,858 | |
Ultra Petroleum Corp. (a)(d) | 366,925 | 9,158,448 | |
Uranium Energy Corp. (a)(d) | 194,558 | 729,593 | |
Uranium Resources, Inc. (a)(d) | 186,574 | 179,111 | |
USEC, Inc. (a)(d) | 388,801 | 520,993 | |
Vaalco Energy, Inc. (a)(d) | 119,162 | 940,188 | |
Venoco, Inc. (a) | 63,393 | 690,984 | |
Verenium Corp. (a)(d) | 32,819 | 92,550 | |
Voyager Oil & Gas, Inc. (a) | 93,088 | 301,605 | |
W&T Offshore, Inc. | 74,943 | 1,892,311 | |
Warren Resources, Inc. (a) | 155,341 | 605,830 | |
Western Refining, Inc. (d) | 113,744 | 2,064,454 | |
Westmoreland Coal Co. (a) | 23,023 | 241,972 | |
Whiting Petroleum Corp. (a)(d) | 266,339 | 15,618,119 | |
World Fuel Services Corp. (d) | 160,000 | 6,665,600 | |
ZaZa Energy Corp. (a)(d) | 47,652 | 186,796 | |
Zion Oil & Gas, Inc. (a)(d) | 99,924 | 272,793 | |
Zion Oil & Gas, Inc. warrants 8/15/12 (a)(d) | 26,798 | 5,896 | |
| 300,074,945 | ||
TOTAL ENERGY | 436,899,148 | ||
FINANCIALS - 20.3% | |||
Capital Markets - 1.5% | |||
Affiliated Managers Group, Inc. (a) | 112,772 | 11,997,813 | |
Arlington Asset Investment Corp. | 20,855 | 481,751 | |
Artio Global Investors, Inc. Class A (d) | 122,626 | 587,379 | |
BGC Partners, Inc. Class A (d) | 169,391 | 1,190,819 | |
Calamos Asset Management, Inc. | 42,824 | 525,022 | |
CIFI Corp. (a) | 5,983 | 31,351 | |
Cohen & Steers, Inc. (d) | 41,701 | 1,373,631 | |
Cowen Group, Inc. Class A (a) | 224,983 | 629,952 | |
Diamond Hill Investment Group, Inc. | 6,220 | 471,725 | |
Duff & Phelps Corp. Class A | 62,290 | 857,110 | |
Eaton Vance Corp. (non-vtg.) (d) | 250,462 | 7,215,810 | |
Edelman Financial Group, Inc. | 54,798 | 367,147 | |
Epoch Holding Corp. | 35,731 | 891,488 | |
Evercore Partners, Inc. Class A | 51,523 | 1,400,910 | |
FBR Capital Markets Corp. (a) | 133,653 | 336,806 | |
Financial Engines, Inc. (a)(d) | 112,959 | 2,603,705 | |
FirstCity Financial Corp. (a) | 5,260 | 45,236 | |
FXCM, Inc. Class A (d) | 32,446 | 306,939 | |
GAMCO Investors, Inc. Class A | 13,874 | 639,730 | |
GFI Group, Inc. | 188,467 | 723,713 | |
Gleacher & Co., Inc. (a)(d) | 147,210 | 223,759 | |
Greenhill & Co., Inc. | 60,155 | 2,644,414 | |
HFF, Inc. (a) | 77,082 | 1,110,752 | |
ICG Group, Inc. (a) | 113,828 | 986,889 | |
Institutional Financial Markets, Inc. | 16,813 | 25,556 | |
INTL FCStone, Inc. (a)(d) | 36,432 | 825,185 | |
Investment Technology Group, Inc. (a)(d) | 111,776 | 1,285,424 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
Janus Capital Group, Inc. (d) | 420,000 | $ 3,704,400 | |
Jefferies Group, Inc. (d) | 302,772 | 5,062,348 | |
JMP Group, Inc. | 40,214 | 286,324 | |
KBW, Inc. | 72,402 | 1,196,805 | |
Knight Capital Group, Inc. Class A (a) | 210,178 | 2,784,859 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 282,944 | 574,376 | |
LPL Investment Holdings, Inc. (a) | 95,900 | 3,270,190 | |
Medallion Financial Corp. | 52,498 | 574,853 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 30,185 | 505,297 | |
Penson Worldwide, Inc. (a)(d) | 47,870 | 61,274 | |
Piper Jaffray Companies (a)(d) | 44,362 | 1,090,418 | |
Pzena Investment Management, Inc. | 13,002 | 66,830 | |
Raymond James Financial, Inc. | 228,162 | 8,070,090 | |
Rodman & Renshaw Capital Group, Inc. (a)(d) | 120,949 | 135,463 | |
Safeguard Scientifics, Inc. (a) | 52,134 | 881,586 | |
SEI Investments Co. | 318,629 | 6,292,923 | |
Stifel Financial Corp. (a)(d) | 111,917 | 4,200,245 | |
SWS Group, Inc. (d) | 80,179 | 448,201 | |
TD Ameritrade Holding Corp. | 498,113 | 9,299,770 | |
Teton Advisors, Inc. (a) | 145 | 2,248 | |
U.S. Global Investments, Inc. Class A | 36,632 | 271,077 | |
Virtus Investment Partners, Inc. (a) | 13,764 | 1,094,789 | |
Waddell & Reed Financial, Inc. | 213,366 | 6,733,831 | |
Walter Investment Management Corp. | 58,571 | 1,193,677 | |
Westwood Holdings Group, Inc. | 12,700 | 491,998 | |
WisdomTree Investments, Inc. (a) | 138,520 | 980,722 | |
| 99,054,610 | ||
Commercial Banks - 4.3% | |||
1st Source Corp. | 35,268 | 865,829 | |
1st United Bancorp, Inc. (a) | 59,992 | 353,953 | |
Access National Corp. | 3,533 | 36,814 | |
ACNB Corp. | 13,555 | 193,972 | |
Alliance Financial Corp. | 11,655 | 344,056 | |
Ameriana Bancorp | 2,223 | 10,782 | |
American National Bankshares, Inc. | 15,150 | 321,938 | |
Ameris Bancorp (a)(d) | 48,535 | 559,123 | |
AmeriServ Financial, Inc. (a)(d) | 12,760 | 32,155 | |
Ames National Corp. | 14,284 | 309,249 | |
Anchor Bancorp (a) | 6,363 | 57,585 | |
Arrow Financial Corp. | 28,188 | 678,203 | |
Associated Banc-Corp. | 434,355 | 5,750,860 | |
Auburn National Bancorp., Inc. | 2,112 | 44,479 | |
BancFirst Corp. | 19,467 | 796,784 | |
Bancorp, Inc., Delaware (a) | 66,983 | 557,299 | |
BancorpSouth, Inc. | 226,260 | 2,678,918 | |
BancTrust Financial Group, Inc. (a)(d) | 34,209 | 44,472 | |
Bank of Hawaii Corp. | 98,531 | 4,532,426 | |
| |||
Shares | Value | ||
Bank of Kentucky Financial Corp. | 10,625 | $ 263,819 | |
Bank of Marin Bancorp | 11,021 | 387,609 | |
Bank of the James Financial Group, Inc. (a) | 2,186 | 11,280 | |
Bank of the Ozarks, Inc. (d) | 66,196 | 1,942,853 | |
Banner Bank | 32,759 | 675,163 | |
Bar Harbor Bankshares | 9,461 | 289,034 | |
BBCN Bancorp, Inc. (a) | 168,307 | 1,725,147 | |
BCB Bancorp, Inc. (d) | 9,297 | 97,154 | |
Berkshire Bancorp, Inc. (a) | 1,681 | 11,717 | |
BOK Financial Corp. | 65,078 | 3,493,387 | |
Boston Private Financial Holdings, Inc. | 161,973 | 1,543,603 | |
Bridge Bancorp, Inc. | 17,303 | 347,098 | |
Bridge Capital Holdings (a) | 15,251 | 183,927 | |
Bryn Mawr Bank Corp. | 21,145 | 415,711 | |
BSB Bancorp, Inc. | 19,579 | 220,655 | |
C & F Financial Corp. | 802 | 25,255 | |
Camden National Corp. | 15,714 | 555,490 | |
Capital Bank Corp. (a) | 18,858 | 41,488 | |
Capital City Bank Group, Inc. (d) | 29,072 | 228,797 | |
CapitalSource, Inc. | 671,726 | 4,534,151 | |
Cardinal Financial Corp. | 61,598 | 662,179 | |
Cascade Bancorp (a)(d) | 31,306 | 181,575 | |
Cathay General Bancorp | 164,381 | 2,685,986 | |
Center Bancorp, Inc. | 24,715 | 237,511 | |
Centerstate Banks of Florida, Inc. | 63,352 | 443,464 | |
Central Pacific Financial Corp. (a)(d) | 23,723 | 328,326 | |
Century Bancorp, Inc. Class A (non-vtg.) | 7,814 | 193,475 | |
Chemical Financial Corp. | 55,700 | 1,228,742 | |
CIT Group, Inc. (a) | 458,461 | 18,663,947 | |
Citizens & Northern Corp. | 28,411 | 565,379 | |
Citizens Holding Co. | 2,280 | 42,659 | |
Citizens Republic Bancorp, Inc. (a) | 84,126 | 1,151,685 | |
City Holding Co. (d) | 34,461 | 1,180,978 | |
City National Corp. | 106,269 | 4,994,643 | |
CNB Financial Corp., Pennsylvania | 24,450 | 378,975 | |
CoBiz, Inc. | 138,787 | 809,128 | |
Colony Bankcorp, Inc. (a) | 4,000 | 15,480 | |
Columbia Banking Systems, Inc. | 82,145 | 1,737,367 | |
Commerce Bancshares, Inc. | 183,137 | 7,070,920 | |
Community Bank System, Inc. | 96,150 | 2,626,818 | |
Community Partners Bancorp | 1,393 | 8,233 | |
Community Trust Bancorp, Inc. | 34,249 | 1,056,239 | |
Crescent Financial Bancshares, Inc. (a) | 4,931 | 19,823 | |
Cullen/Frost Bankers, Inc. | 140,787 | 7,951,650 | |
CVB Financial Corp. | 241,074 | 2,596,367 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 42,730 | 662,742 | |
East West Bancorp, Inc. | 312,101 | 6,903,674 | |
Eastern Virginia Bankshares, Inc. (a) | 3,012 | 8,916 | |
Encore Bancshares, Inc. (a)(d) | 20,453 | 296,569 | |
Enterprise Bancorp, Inc. | 11,330 | 179,581 | |
Enterprise Financial Services Corp. | 40,305 | 467,538 | |
Farmers Capital Bank Corp. (a) | 5,824 | 34,070 | |
Farmers National Banc Corp. | 41,229 | 230,882 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Fidelity Southern Corp. | 10,511 | $ 67,270 | |
Financial Institutions, Inc. | 26,944 | 440,804 | |
First Bancorp, North Carolina | 34,349 | 343,490 | |
First Bancorp, Puerto Rico (a)(d) | 83,028 | 321,318 | |
First Busey Corp. | 161,346 | 780,915 | |
First California Financial Group, Inc. (a) | 58,547 | 270,487 | |
First Citizen Bancshares, Inc. | 14,036 | 2,472,441 | |
First Commonwealth Financial Corp. | 220,589 | 1,321,328 | |
First Community Bancshares, Inc. | 34,379 | 426,300 | |
First Connecticut Bancorp, Inc. (d) | 34,934 | 450,649 | |
First Financial Bancorp, Ohio | 125,711 | 2,057,889 | |
First Financial Bankshares, Inc. (d) | 88,879 | 3,044,995 | |
First Financial Corp., Indiana | 27,105 | 867,089 | |
First Financial Service Corp. (a) | 745 | 2,310 | |
First Interstate Bancsystem, Inc. | 42,213 | 574,097 | |
First M&F Corp. | 1,684 | 6,500 | |
First Merchants Corp. | 56,317 | 623,992 | |
First Midwest Bancorp, Inc., Delaware (d) | 155,623 | 1,799,002 | |
First Niagara Financial Group, Inc. | 686,322 | 6,561,238 | |
First of Long Island Corp. | 15,466 | 401,188 | |
First Republic Bank (a) | 194,207 | 5,824,268 | |
First Security Group, Inc. (a) | 1,070 | 2,996 | |
First South Bancorp, Inc., Virginia (a) | 39,689 | 161,534 | |
First United Corp. (a) | 14,602 | 79,143 | |
Firstbank Corp., Michigan | 7,615 | 54,523 | |
FirstMerit Corp. | 236,536 | 3,796,403 | |
FNB Corp., Pennsylvania | 296,034 | 3,490,241 | |
FNB United Corp. (a)(d) | 1,709 | 25,584 | |
Fulton Financial Corp. | 416,928 | 4,085,894 | |
German American Bancorp, Inc. | 25,909 | 507,298 | |
Glacier Bancorp, Inc. | 149,478 | 2,062,796 | |
Great Southern Bancorp, Inc. | 21,585 | 475,302 | |
Green Bankshares, Inc. (a) | 33,783 | 48,648 | |
Guaranty Bancorp (a) | 79,862 | 126,981 | |
Hampton Roads Bankshares, Inc. (a)(d) | 56,222 | 146,177 | |
Hancock Holding Co. | 186,386 | 6,327,805 | |
Hanmi Financial Corp. (a)(d) | 49,523 | 429,364 | |
Hawthorn Bancshares, Inc. | 6,079 | 43,465 | |
Heartland Financial USA, Inc. | 31,079 | 488,873 | |
Heritage Commerce Corp. (a)(d) | 40,322 | 211,691 | |
Heritage Financial Corp., Washington | 35,332 | 473,449 | |
Heritage Oaks Bancorp (a) | 17,210 | 69,701 | |
Home Bancshares, Inc. | 61,821 | 1,557,889 | |
Horizon Bancorp Industries | 7,320 | 128,832 | |
Hudson Valley Holding Corp. | 41,056 | 670,034 | |
IBERIABANK Corp. (d) | 64,510 | 3,421,610 | |
Independent Bank Corp. (a)(d) | 17,064 | 26,449 | |
Independent Bank Corp., Massachusetts (d) | 45,285 | 1,244,885 | |
International Bancshares Corp. | 125,554 | 2,383,015 | |
Intervest Bancshares Corp. Class A (a) | 43,436 | 147,682 | |
| |||
Shares | Value | ||
Investors Bancorp, Inc. (a) | 108,165 | $ 1,571,637 | |
Lakeland Bancorp, Inc. | 53,953 | 488,814 | |
Lakeland Financial Corp. | 34,881 | 879,699 | |
Macatawa Bank Corp. (a)(d) | 67,984 | 186,956 | |
MainSource Financial Group, Inc. | 47,324 | 479,865 | |
MB Financial, Inc. | 113,058 | 2,249,854 | |
MBT Financial Corp. (a)(d) | 10,000 | 21,200 | |
Mercantile Bank Corp. (a)(d) | 17,873 | 240,392 | |
Merchants Bancshares, Inc. | 13,310 | 370,684 | |
Metro Bancorp, Inc. (a) | 41,607 | 442,698 | |
Metrocorp Bancshares, Inc. (a) | 24,932 | 201,949 | |
Middleburg Financial Corp. | 12,256 | 193,155 | |
Midsouth Bancorp, Inc. | 24,320 | 312,755 | |
MidWestOne Financial Group, Inc. | 16,620 | 289,188 | |
National Bankshares, Inc. | 15,371 | 415,171 | |
National Penn Bancshares, Inc. (d) | 283,008 | 2,476,320 | |
NBT Bancorp, Inc. | 103,841 | 2,264,772 | |
NewBridge Bancorp (a) | 32,890 | 133,533 | |
North Valley Bancorp (a) | 2,276 | 23,807 | |
Northrim Bancorp, Inc. | 10,594 | 211,880 | |
Norwood Financial Corp. | 2,777 | 70,758 | |
OBA Financial Services, Inc. (a) | 4,224 | 59,981 | |
Ohio Valley Banc Corp. | 7,485 | 143,113 | |
Old National Bancorp, Indiana | 197,074 | 2,380,654 | |
Old Second Bancorp, Inc. (a)(d) | 34,774 | 41,729 | |
OmniAmerican Bancorp, Inc. (a) | 21,285 | 380,789 | |
Oriental Financial Group, Inc. | 97,881 | 1,150,102 | |
Orrstown Financial Services, Inc. | 16,026 | 138,625 | |
Pacific Capital Bancorp NA (a)(d) | 17,797 | 498,494 | |
Pacific Continental Corp. | 43,214 | 362,998 | |
Pacific Mercantile Bancorp (a) | 13,335 | 58,141 | |
PacWest Bancorp | 69,253 | 1,507,638 | |
Park National Corp. (d) | 38,738 | 2,666,724 | |
Park Sterling Corp. (a) | 78,231 | 355,951 | |
Patriot National Bancorp, Inc. (a)(d) | 14,022 | 24,398 | |
Peapack-Gladstone Financial Corp. (d) | 17,211 | 216,514 | |
Penns Woods Bancorp, Inc. | 9,401 | 366,545 | |
Peoples Bancorp of North Carolina | 1,842 | 14,847 | |
Peoples Bancorp, Inc. | 20,106 | 325,114 | |
Peoples Financial Corp., Mississippi | 7,232 | 70,223 | |
Pinnacle Financial Partners, Inc. (a)(d) | 71,032 | 1,176,290 | |
Popular, Inc. (a) | 2,618,158 | 4,974,500 | |
Porter Bancorp, Inc. | 3,733 | 7,391 | |
Preferred Bank, Los Angeles (a) | 18,933 | 191,223 | |
Premier Financial Bancorp, Inc. (a) | 4,520 | 27,572 | |
PremierWest Bancorp (a)(d) | 17,140 | 23,825 | |
Princeton National Bancorp, Inc. (a)(d) | 3,779 | 6,198 | |
PrivateBancorp, Inc. | 138,942 | 2,014,659 | |
Prosperity Bancshares, Inc. | 104,563 | 4,573,586 | |
QCR Holdings, Inc. | 6,005 | 59,510 | |
Renasant Corp. | 56,593 | 858,516 | |
Republic Bancorp, Inc., Kentucky Class A | 22,049 | 574,597 | |
Republic First Bancorp, Inc. (a) | 43,056 | 86,973 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 6,704 | $ 8,849 | |
S&T Bancorp, Inc. (d) | 65,011 | 1,378,883 | |
S.Y. Bancorp, Inc. | 28,962 | 629,924 | |
Sandy Spring Bancorp, Inc. | 51,493 | 929,964 | |
Savannah Bancorp, Inc. (a) | 3,956 | 20,611 | |
SCBT Financial Corp. | 39,694 | 1,229,323 | |
Seacoast Banking Corp., Florida (a) | 235,806 | 436,241 | |
Shore Bancshares, Inc. | 20,686 | 127,633 | |
Sierra Bancorp | 28,927 | 266,128 | |
Signature Bank (a)(d) | 103,111 | 6,120,669 | |
Simmons First National Corp. Class A | 35,300 | 928,037 | |
Southern National Bancorp of Virginia, Inc. | 12,282 | 78,850 | |
Southside Bancshares, Inc. | 38,340 | 817,025 | |
Southwest Bancorp, Inc., Oklahoma (a) | 44,454 | 380,526 | |
State Bank Financial Corp. (a) | 65,049 | 1,056,396 | |
State Investors Bancorp, Inc. (a) | 5,912 | 65,860 | |
StellarOne Corp. | 47,424 | 551,541 | |
Sterling Bancorp, New York | 62,200 | 553,580 | |
Sterling Financial Corp., Washington (a) | 88,072 | 1,713,881 | |
Suffolk Bancorp (a) | 24,189 | 292,687 | |
Summit Financial Group, Inc. (a) | 1,800 | 6,786 | |
Sun Bancorp, Inc., New Jersey (a) | 127,043 | 364,613 | |
Susquehanna Bancshares, Inc. | 457,715 | 4,243,018 | |
SVB Financial Group (a)(d) | 94,434 | 5,598,048 | |
Synovus Financial Corp. | 1,961,478 | 4,158,333 | |
Taylor Capital Group, Inc. (a)(d) | 36,427 | 489,943 | |
TCF Financial Corp. (d) | 333,798 | 3,598,342 | |
Texas Capital Bancshares, Inc. (a)(d) | 76,497 | 2,592,483 | |
The First Bancorp, Inc. | 19,885 | 298,275 | |
TIB Financial Corp. (a) | 777 | 8,392 | |
Tompkins Financial Corp. (d) | 20,721 | 851,633 | |
TowneBank (d) | 60,370 | 779,980 | |
Trico Bancshares | 30,606 | 495,817 | |
Trustmark Corp. | 117,611 | 2,773,267 | |
UMB Financial Corp. | 79,916 | 3,328,501 | |
Umpqua Holdings Corp. (d) | 254,223 | 3,132,027 | |
Union Bankshares, Inc. | 388 | 7,372 | |
Union/First Market Bankshares Corp. | 45,249 | 628,056 | |
United Bankshares, Inc., West Virginia (d) | 105,326 | 3,083,945 | |
United Community Banks, Inc., Georgia (a) | 41,124 | 368,882 | |
United Security Bancshares, Inc. | 8,545 | 52,295 | |
United Security Bancshares, California (d) | 7,198 | 15,476 | |
Univest Corp. of Pennsylvania | 33,462 | 528,700 | |
Valley National Bancorp (d) | 401,122 | 5,018,036 | |
Virginia Commerce Bancorp, Inc. (a) | 67,965 | 570,906 | |
VIST Financial Corp. | 18,675 | 223,353 | |
Washington Banking Co., Oak Harbor | 41,106 | 521,635 | |
| |||
Shares | Value | ||
Washington Trust Bancorp, Inc. | 34,101 | $ 801,715 | |
Webster Financial Corp. | 192,580 | 4,213,650 | |
Wellesley Bancorp, Inc. | 803 | 9,989 | |
WesBanco, Inc. | 61,393 | 1,197,164 | |
West Bancorp., Inc. | 25,000 | 240,750 | |
West Coast Bancorp (a) | 36,737 | 630,040 | |
Westamerica Bancorp. | 70,836 | 3,354,793 | |
Western Alliance Bancorp. (a)(d) | 183,053 | 1,490,051 | |
Wilshire Bancorp, Inc. (a)(d) | 124,300 | 539,462 | |
Wintrust Financial Corp. | 76,756 | 2,587,445 | |
Xenith Bankshares, Inc. (a) | 16,585 | 58,379 | |
Yadkin Valley Financial Corp. (a) | 15,173 | 31,408 | |
| 277,465,665 | ||
Consumer Finance - 0.3% | |||
Advance America Cash Advance Centers, Inc. | 168,612 | 1,748,506 | |
Cash America International, Inc. | 61,500 | 2,852,370 | |
CompuCredit Holdings Corp. (a)(d) | 36,887 | 198,083 | |
Consumer Portfolio Services, Inc. (a) | 11,918 | 13,944 | |
Credit Acceptance Corp. (a)(d) | 21,614 | 2,080,564 | |
DFC Global Corp. (a) | 92,459 | 1,655,941 | |
EZCORP, Inc. (non-vtg.) Class A (a)(d) | 102,437 | 3,226,766 | |
First Cash Financial Services, Inc. (a)(d) | 76,532 | 3,234,242 | |
First Marblehead Corp. (a) | 153,484 | 187,250 | |
Green Dot Corp. Class A (a)(d) | 42,106 | 1,344,445 | |
Imperial Holdings, Inc. (a) | 53,799 | 134,498 | |
Nelnet, Inc. Class A | 61,253 | 1,618,304 | |
Netspend Holdings, Inc. (a)(d) | 69,646 | 599,652 | |
QC Holdings, Inc. | 15,649 | 58,684 | |
White River Capital, Inc. | 7,973 | 185,372 | |
World Acceptance Corp. (a)(d) | 37,666 | 2,392,544 | |
| 21,531,165 | ||
Diversified Financial Services - 0.3% | |||
California First National Bancorp | 1,545 | 22,881 | |
Catskill Litigation Trust (a) | 1,036 | 0 | |
CBOE Holdings, Inc. | 224,482 | 6,188,969 | |
FX Alliance, Inc. | 11,347 | 153,525 | |
Gain Capital Holdings, Inc. | 22,236 | 116,517 | |
Interactive Brokers Group, Inc. | 80,367 | 1,274,621 | |
Life Partners Holdings, Inc. | 22,647 | 96,250 | |
MarketAxess Holdings, Inc. | 67,374 | 2,231,427 | |
Marlin Business Services Corp. | 19,144 | 300,561 | |
MicroFinancial, Inc. | 5,166 | 34,716 | |
MSCI, Inc. Class A (a)(d) | 256,992 | 9,092,377 | |
NCP Litigation Trust (a) | 200 | 0 | |
NewStar Financial, Inc. (a)(d) | 67,474 | 665,294 | |
PHH Corp. (a)(d) | 116,881 | 1,591,919 | |
PICO Holdings, Inc. (a) | 49,118 | 1,085,999 | |
Resource America, Inc. Class A | 23,799 | 141,604 | |
Vector Capital Corp. rights | 49,572 | 1 | |
| 22,996,661 | ||
Insurance - 4.1% | |||
21st Century Holding Co. (a) | 8,797 | 29,294 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Alleghany Corp. (d) | 18,796 | $ 6,101,933 | |
Allied World Assurance Co. Holdings | 89,522 | 5,905,766 | |
American Equity Investment Life Holding Co. | 119,336 | 1,443,966 | |
American Financial Group, Inc. | 190,000 | 7,115,500 | |
American Independence Corp. (a) | 3,087 | 13,428 | |
American National Insurance Co. | 29,749 | 2,144,903 | |
American Safety Insurance Group Ltd. (a)(d) | 24,056 | 464,521 | |
Amerisafe, Inc. (a) | 44,533 | 1,004,664 | |
Amtrust Financial Services, Inc. (d) | 65,584 | 1,771,424 | |
Arch Capital Group Ltd. (a) | 304,045 | 11,264,867 | |
Argo Group International Holdings, Ltd. | 64,674 | 1,930,519 | |
Arthur J. Gallagher & Co. (d) | 238,841 | 8,149,255 | |
Aspen Insurance Holdings Ltd. | 147,997 | 3,926,360 | |
Assured Guaranty Ltd. | 358,543 | 6,023,522 | |
Axis Capital Holdings Ltd. | 309,698 | 9,554,183 | |
Baldwin & Lyons, Inc. Class B | 18,379 | 386,694 | |
Brown & Brown, Inc. | 248,221 | 5,865,462 | |
Citizens, Inc. Class A (a)(d) | 78,016 | 833,211 | |
CNA Financial Corp. | 88,556 | 2,498,165 | |
CNO Financial Group, Inc. (a) | 478,207 | 3,548,296 | |
Crawford & Co. Class B | 69,141 | 304,220 | |
Delphi Financial Group, Inc. Class A | 99,263 | 4,423,159 | |
Donegal Group, Inc. Class A | 26,385 | 363,321 | |
Eastern Insurance Holdings, Inc. | 14,834 | 215,093 | |
eHealth, Inc. (a)(d) | 59,193 | 889,671 | |
EMC Insurance Group | 12,011 | 253,072 | |
Employers Holdings, Inc. | 87,592 | 1,514,466 | |
Endurance Specialty Holdings Ltd. | 106,872 | 4,110,297 | |
Enstar Group Ltd. (a)(d) | 20,537 | 1,991,678 | |
Erie Indemnity Co. Class A | 61,158 | 4,654,735 | |
Everest Re Group Ltd. | 95,044 | 8,349,615 | |
FBL Financial Group, Inc. Class A | 35,194 | 1,195,540 | |
Fidelity National Financial, Inc. Class A | 471,276 | 8,134,224 | |
First Acceptance Corp. (a) | 24,679 | 35,785 | |
First American Financial Corp. | 216,245 | 3,330,173 | |
Flagstone Reinsurance Holdings Ltd. | 110,570 | 875,714 | |
Fortegra Financial Corp. (a) | 12,280 | 85,469 | |
Global Indemnity PLC (a) | 37,631 | 719,881 | |
Greenlight Capital Re, Ltd. (a) | 63,768 | 1,501,736 | |
Hallmark Financial Services, Inc. (a) | 23,631 | 159,509 | |
Hanover Insurance Group, Inc. | 94,048 | 3,839,039 | |
Harleysville Group, Inc. (d) | 30,356 | 1,718,453 | |
HCC Insurance Holdings, Inc. | 266,381 | 8,135,276 | |
Hilltop Holdings, Inc. (a) | 103,357 | 851,662 | |
Homeowners Choice, Inc. | 1,171 | 12,705 | |
Horace Mann Educators Corp. | 81,387 | 1,410,437 | |
Independence Holding Co. | 12,745 | 116,744 | |
Infinity Property & Casualty Corp. | 29,456 | 1,615,072 | |
| |||
Shares | Value | ||
Investors Title Co. | 2,693 | $ 121,670 | |
Kansas City Life Insurance Co. | 8,684 | 278,062 | |
Kemper Corp. | 121,221 | 3,469,345 | |
Maiden Holdings Ltd. | 143,671 | 1,242,754 | |
Markel Corp. (a) | 20,681 | 8,436,814 | |
MBIA, Inc. (a)(d) | 321,835 | 3,469,381 | |
Meadowbrook Insurance Group, Inc. | 111,638 | 1,062,794 | |
Mercury General Corp. | 55,209 | 2,367,362 | |
Montpelier Re Holdings Ltd. | 171,990 | 2,966,828 | |
National Financial Partners Corp. (a)(d) | 130,377 | 1,989,553 | |
National Interstate Corp. | 12,547 | 303,010 | |
National Security Group, Inc. | 2,778 | 25,280 | |
National Western Life Insurance Co. Class A | 7,262 | 985,889 | |
Navigators Group, Inc. (a)(d) | 29,134 | 1,369,589 | |
Old Republic International Corp. | 530,948 | 5,766,095 | |
OneBeacon Insurance Group Ltd. | 47,103 | 718,321 | |
PartnerRe Ltd. | 144,778 | 9,184,716 | |
Phoenix Companies, Inc. (a)(d) | 232,680 | 481,648 | |
Platinum Underwriters Holdings Ltd. | 76,798 | 2,730,937 | |
Presidential Life Corp. | 47,504 | 513,993 | |
Primerica, Inc. | 106,260 | 2,658,625 | |
ProAssurance Corp. | 64,616 | 5,670,700 | |
Protective Life Corp. | 178,332 | 4,952,280 | |
Reinsurance Group of America, Inc. | 160,469 | 9,254,247 | |
RenaissanceRe Holdings Ltd. | 110,083 | 7,921,573 | |
RLI Corp. | 47,991 | 3,362,249 | |
Safety Insurance Group, Inc. | 32,009 | 1,366,144 | |
SeaBright Insurance Holdings, Inc. | 51,078 | 417,818 | |
Selective Insurance Group, Inc. | 108,320 | 1,860,938 | |
StanCorp Financial Group, Inc. (d) | 111,235 | 4,422,704 | |
State Auto Financial Corp. | 29,911 | 418,156 | |
Stewart Information Services Corp. (d) | 39,262 | 515,903 | |
Symetra Financial Corp. | 228,781 | 2,274,083 | |
Tower Group, Inc. (d) | 79,758 | 1,838,422 | |
Transatlantic Holdings, Inc. | 148,543 | 9,001,706 | |
Unico American Corp. (a) | 2,607 | 28,286 | |
United Fire Group, Inc. | 45,430 | 912,689 | |
Universal Insurance Holdings, Inc. | 99,404 | 400,598 | |
Validus Holdings Ltd. | 146,156 | 4,456,296 | |
W.R. Berkley Corp. (d) | 267,684 | 9,569,703 | |
White Mountains Insurance Group Ltd. | 13,674 | 6,785,312 | |
| 266,355,152 | ||
Real Estate Investment Trusts - 8.3% | |||
Acadia Realty Trust (SBI) (d) | 92,883 | 1,968,191 | |
AG Mortgage Investment Trust, Inc. | 28,695 | 571,604 | |
Agree Realty Corp. | 28,120 | 674,880 | |
Alexanders, Inc. | 7,463 | 2,831,835 | |
Alexandria Real Estate Equities, Inc. | 132,775 | 9,518,640 | |
American Assets Trust, Inc. | 90,276 | 1,942,740 | |
American Campus Communities, Inc. | 162,273 | 6,677,534 | |
American Capital Agency Corp. | 515,447 | 15,829,377 | |
American Capital Mortgage Investment Corp. (d) | 28,439 | 613,145 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Annaly Capital Management, Inc. (d) | 2,208,934 | $ 36,712,483 | |
Anworth Mortgage Asset Corp. | 286,499 | 1,862,244 | |
Apollo Commercial Real Estate Finance, Inc. | 43,970 | 657,352 | |
Arbor Realty Trust, Inc. (a)(d) | 95,842 | 460,042 | |
Armour Residential REIT, Inc. (d) | 268,031 | 1,894,979 | |
Ashford Hospitality Trust, Inc. | 167,220 | 1,411,337 | |
Associated Estates Realty Corp. (d) | 110,604 | 1,650,212 | |
BioMed Realty Trust, Inc. | 366,169 | 6,744,833 | |
Brandywine Realty Trust (SBI) (d) | 351,288 | 3,797,423 | |
BRE Properties, Inc. | 163,938 | 7,939,517 | |
BRT Realty Trust (a) | 7,942 | 51,305 | |
Camden Property Trust (SBI) (d) | 152,681 | 9,466,222 | |
Campus Crest Communities, Inc. | 85,655 | 907,086 | |
Capital Trust, Inc. Class A (a) | 85,860 | 291,924 | |
CapLease, Inc. | 143,989 | 580,276 | |
Capstead Mortgage Corp. | 222,517 | 2,959,476 | |
CBL & Associates Properties, Inc. (d) | 312,528 | 5,509,869 | |
Cedar Shopping Centers, Inc. | 105,841 | 503,803 | |
Chatham Lodging Trust | 37,534 | 452,660 | |
Chesapeake Lodging Trust (d) | 79,186 | 1,396,049 | |
Chimera Investment Corp. (d) | 2,491,833 | 7,649,927 | |
Cogdell Spencer, Inc. | 183,981 | 778,240 | |
Colonial Properties Trust (SBI) | 181,383 | 3,721,979 | |
Colony Financial, Inc. | 63,933 | 1,066,402 | |
CommonWealth REIT | 174,324 | 3,242,426 | |
Coresite Realty Corp. | 64,954 | 1,386,768 | |
Corporate Office Properties Trust (SBI) (d) | 147,223 | 3,609,908 | |
Cousins Properties, Inc. | 217,353 | 1,606,239 | |
Crexus Investment Corp. | 147,343 | 1,642,874 | |
CubeSmart | 222,676 | 2,511,785 | |
Cys Investments, Inc. (d) | 241,015 | 3,270,574 | |
DCT Industrial Trust, Inc. (d) | 498,172 | 2,819,654 | |
DDR Corp. | 548,129 | 7,745,063 | |
DiamondRock Hospitality Co. (d) | 357,776 | 3,563,449 | |
Digital Realty Trust, Inc. | 229,508 | 16,639,330 | |
Douglas Emmett, Inc. | 265,224 | 5,588,270 | |
Duke Realty LP | 533,955 | 7,411,295 | |
DuPont Fabros Technology, Inc. (d) | 145,560 | 3,333,324 | |
EastGroup Properties, Inc. (d) | 54,633 | 2,632,764 | |
Education Realty Trust, Inc. | 179,142 | 1,841,580 | |
Entertainment Properties Trust (SBI) | 96,934 | 4,410,497 | |
Equity Lifestyle Properties, Inc. | 96,693 | 6,431,051 | |
Equity One, Inc. | 121,453 | 2,310,036 | |
Essex Property Trust, Inc. (d) | 72,783 | 10,188,892 | |
Excel Trust, Inc. | 82,459 | 988,683 | |
Extra Space Storage, Inc. | 235,368 | 6,206,654 | |
Federal Realty Investment Trust (SBI) | 141,738 | 13,514,718 | |
FelCor Lodging Trust, Inc. (a) | 316,013 | 1,213,490 | |
First Industrial Realty Trust, Inc. (a) | 173,098 | 2,046,018 | |
First Potomac Realty Trust | 134,902 | 1,784,753 | |
| |||
Shares | Value | ||
Franklin Street Properties Corp. | 149,212 | $ 1,538,376 | |
General Growth Properties, Inc. | 888,708 | 14,459,279 | |
Getty Realty Corp. (d) | 61,162 | 1,039,754 | |
Gladstone Commercial Corp. | 28,855 | 515,639 | |
Glimcher Realty Trust | 291,480 | 2,885,652 | |
Government Properties Income Trust | 72,848 | 1,699,544 | |
Gramercy Capital Corp. (a) | 107,065 | 310,489 | |
Gyrodyne Co. of America, Inc. (a) | 691 | 72,196 | |
Hatteras Financial Corp. | 173,206 | 4,932,907 | |
Healthcare Realty Trust, Inc. | 158,187 | 3,269,725 | |
Hersha Hospitality Trust | 373,061 | 1,876,497 | |
Highwoods Properties, Inc. (SBI) | 148,605 | 4,755,360 | |
Home Properties, Inc. | 104,425 | 6,018,013 | |
Hospitality Properties Trust (SBI) | 259,284 | 6,412,093 | |
Hudson Pacific Properties, Inc. | 57,436 | 878,196 | |
Inland Real Estate Corp. | 155,936 | 1,351,965 | |
Invesco Mortgage Capital, Inc. | 297,124 | 5,089,734 | |
Investors Real Estate Trust (d) | 203,581 | 1,553,323 | |
iStar Financial, Inc. (a)(d) | 264,321 | 1,863,463 | |
Kilroy Realty Corp. (d) | 151,047 | 6,621,900 | |
Kite Realty Group Trust | 135,125 | 663,464 | |
LaSalle Hotel Properties (SBI) | 179,910 | 4,799,999 | |
Lexington Corporate Properties Trust | 370,353 | 3,203,553 | |
Liberty Property Trust (SBI) (d) | 243,987 | 8,276,039 | |
LTC Properties, Inc. | 60,414 | 1,864,376 | |
Mack-Cali Realty Corp. | 191,873 | 5,487,568 | |
Medical Properties Trust, Inc. | 249,853 | 2,428,571 | |
MFA Financial, Inc. (d) | 876,893 | 6,401,319 | |
Mid-America Apartment Communities, Inc. (d) | 76,315 | 4,759,767 | |
Mission West Properties, Inc. | 47,795 | 477,950 | |
Monmouth Real Estate Investment Corp. Class A | 64,543 | 604,122 | |
MPG Office Trust, Inc. (a)(d) | 165,334 | 370,348 | |
National Health Investors, Inc. (d) | 62,000 | 2,922,060 | |
National Retail Properties, Inc. | 198,474 | 5,289,332 | |
New York Mortgage Trust, Inc. (d) | 45,221 | 321,069 | |
NorthStar Realty Finance Corp. | 199,299 | 1,064,257 | |
Omega Healthcare Investors, Inc. (d) | 212,111 | 4,320,701 | |
One Liberty Properties, Inc. | 28,128 | 491,677 | |
Parkway Properties, Inc. | 47,937 | 478,891 | |
Pebblebrook Hotel Trust | 140,580 | 3,012,629 | |
Pennsylvania Real Estate Investment Trust (SBI) | 112,095 | 1,504,315 | |
Pennymac Mortgage Investment Trust | 55,638 | 1,001,484 | |
Piedmont Office Realty Trust, Inc. Class A | 362,642 | 6,389,752 | |
PMC Commercial Trust | 13,167 | 95,197 | |
Post Properties, Inc. (d) | 120,322 | 5,254,462 | |
Potlatch Corp. | 92,090 | 2,838,214 | |
PS Business Parks, Inc. | 43,000 | 2,684,060 | |
RAIT Financial Trust (d) | 95,007 | 503,537 | |
Ramco-Gershenson Properties Trust (SBI) | 91,827 | 1,016,525 | |
Rayonier, Inc. (d) | 263,287 | 11,721,537 | |
Realty Income Corp. | 287,073 | 10,590,123 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Redwood Trust, Inc. | 149,734 | $ 1,732,422 | |
Regency Centers Corp. | 191,454 | 8,192,317 | |
Resource Capital Corp. | 141,840 | 818,417 | |
Retail Opportunity Investments Corp. | 114,340 | 1,329,774 | |
RLJ Lodging Trust | 134,924 | 2,363,868 | |
Rouse Properties, Inc. (a)(d) | 31,649 | 463,025 | |
Rouse Properties, Inc. rights 3/16/12 (a)(d) | 31,649 | 0 | |
Sabra Health Care REIT, Inc. | 78,716 | 1,124,064 | |
Saul Centers, Inc. | 23,989 | 908,224 | |
Senior Housing Properties Trust (SBI) | 344,767 | 7,378,014 | |
SL Green Realty Corp. | 186,104 | 14,153,209 | |
Sovran Self Storage, Inc. (d) | 73,113 | 3,473,599 | |
Stag Industrial, Inc. | 32,635 | 401,084 | |
Starwood Property Trust, Inc. | 228,389 | 4,508,399 | |
Strategic Hotel & Resorts, Inc. (a)(d) | 354,090 | 2,205,981 | |
Summit Hotel Properties, Inc. | 75,902 | 699,057 | |
Sun Communities, Inc. (d) | 67,921 | 2,811,250 | |
Sunstone Hotel Investors, Inc. (a) | 332,828 | 2,988,795 | |
Supertel Hospitality, Inc., Maryland (a) | 13,197 | 14,649 | |
Tanger Factory Outlet Centers, Inc. | 209,858 | 6,144,642 | |
Taubman Centers, Inc. | 133,106 | 9,193,631 | |
Terreno Realty Corp. | 28,836 | 410,048 | |
The Macerich Co. | 296,360 | 16,000,476 | |
Two Harbors Investment Corp. | 379,856 | 3,904,920 | |
UDR, Inc. | 474,620 | 11,874,992 | |
UMH Properties, Inc. | 26,836 | 271,044 | |
Universal Health Realty Income Trust (SBI) | 32,328 | 1,221,675 | |
Urstadt Biddle Properties, Inc. | 5,274 | 97,938 | |
Urstadt Biddle Properties, Inc. Class A | 50,629 | 962,964 | |
Washington (REIT) (SBI) | 136,137 | 4,032,378 | |
Weingarten Realty Investors (SBI) | 253,427 | 6,310,332 | |
Whitestone REIT Class B | 24,805 | 320,977 | |
Winthrop Realty Trust | 59,385 | 676,395 | |
| 542,003,244 | ||
Real Estate Management & Development - 0.5% | |||
American Realty Capital Properties, Inc. | 5,400 | 61,020 | |
American Realty Investments, Inc. (a) | 1,965 | 2,967 | |
AV Homes, Inc. (a) | 24,732 | 258,944 | |
Brookfield Properties Corp. | 556,310 | 9,662,981 | |
Consolidated-Tomoka Land Co. | 11,328 | 338,254 | |
Forest City Enterprises, Inc. Class A (a) | 275,710 | 4,030,880 | |
Forestar Group, Inc. (a)(d) | 73,423 | 1,152,007 | |
Howard Hughes Corp. (a) | 54,951 | 3,052,528 | |
Jones Lang LaSalle, Inc. (d) | 91,993 | 7,489,150 | |
Kennedy-Wilson Holdings, Inc. (d) | 91,074 | 1,231,320 | |
Maui Land & Pineapple, Inc. (a) | 17,270 | 64,417 | |
Preferred Apartment Communities, Inc. Class A | 2,507 | 19,404 | |
Stratus Properties, Inc. (a) | 6,633 | 58,768 | |
Tejon Ranch Co. (a)(d) | 30,567 | 893,168 | |
The St. Joe Co. (a)(d) | 213,311 | 3,436,440 | |
| |||
Shares | Value | ||
Thomas Properties Group, Inc. | 85,189 | $ 366,313 | |
Transcontinental Realty Investors, Inc. (a) | 1,497 | 3,234 | |
ZipRealty, Inc. (a) | 28,991 | 36,529 | |
| 32,158,324 | ||
Thrifts & Mortgage Finance - 1.0% | |||
Alliance Bancorp, Inc. of Pennsylvania | 6,385 | 72,087 | |
Apollo Residential Mortgage, Inc. | 24,079 | 431,736 | |
ASB Bancorp, Inc. | 13,663 | 164,639 | |
Astoria Financial Corp. (d) | 188,613 | 1,656,022 | |
Bank Mutual Corp. | 123,703 | 486,153 | |
BankAtlantic Bancorp, Inc. Class A (a)(d) | 25,919 | 57,022 | |
BankFinancial Corp. | 49,291 | 278,494 | |
BankUnited, Inc. | 84,410 | 1,943,962 | |
BCSB Bancorp, Inc. (a) | 149 | 1,909 | |
Beacon Federal Bancorp, Inc. | 11,844 | 161,078 | |
Beneficial Mutual Bancorp, Inc. (a) | 93,273 | 845,986 | |
Berkshire Hills Bancorp, Inc. | 50,973 | 1,120,896 | |
BofI Holding, Inc. (a) | 27,494 | 450,627 | |
Brookline Bancorp, Inc., Delaware | 155,762 | 1,429,895 | |
Camco Financial Corp. (a) | 7,852 | 17,903 | |
Cape Bancorp, Inc. (a) | 25,193 | 203,056 | |
Capitol Federal Financial, Inc. | 417,085 | 4,875,724 | |
Central Bancorp, Inc. | 100 | 1,808 | |
CFS Bancorp, Inc. | 9,922 | 55,464 | |
Charter Financial Corp., Georgia | 2,453 | 23,696 | |
Cheviot Financial Corp. | 44 | 363 | |
Chicopee Bancorp, Inc. (a) | 11,029 | 159,479 | |
Citizens South Banking Corp., Delaware | 11,035 | 48,002 | |
Clifton Savings Bancorp, Inc. | 23,320 | 229,236 | |
Colonial Financial Services, Inc. (a) | 6,111 | 74,860 | |
Dime Community Bancshares, Inc. | 83,947 | 1,168,542 | |
Doral Financial Corp. (a)(d) | 295,629 | 413,881 | |
Eagle Bancorp Montana, Inc. | 15,964 | 159,640 | |
ESB Financial Corp. | 30,356 | 387,039 | |
ESSA Bancorp, Inc. | 31,156 | 299,721 | |
Farmer Mac Class C (non-vtg.) | 21,618 | 431,495 | |
FedFirst Financial Corp. | 6,288 | 86,460 | |
First Clover Leaf Financial Corp. (d) | 10,566 | 63,607 | |
First Defiance Financial Corp. | 22,893 | 358,047 | |
First Federal Bancshares of Arkansas, Inc. (a)(d) | 3,836 | 27,236 | |
First Financial Holdings, Inc. | 36,582 | 357,040 | |
First Financial Northwest, Inc. (a)(d) | 34,706 | 255,783 | |
First PacTrust Bancorp, Inc. | 18,949 | 222,082 | |
Flagstar Bancorp, Inc. (a) | 500,000 | 360,450 | |
Flushing Financial Corp. | 72,793 | 942,669 | |
Fox Chase Bancorp, Inc. | 31,882 | 398,844 | |
Franklin Financial Corp./VA (a) | 27,950 | 377,046 | |
Hampden Bancorp, Inc. | 5,136 | 62,659 | |
Heritage Financial Group, Inc. | 7,564 | 90,692 | |
HF Financial Corp. | 632 | 7,274 | |
HMN Financial, Inc. (a)(d) | 2,852 | 5,276 | |
Home Bancorp, Inc. (a) | 15,428 | 254,099 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Home Federal Bancorp, Inc. | 34,573 | $ 346,767 | |
HopFed Bancorp, Inc. | 11,426 | 95,407 | |
IF Bancorp, Inc. (a) | 11,597 | 132,554 | |
Impac Mortgage Holdings, Inc. (a)(d) | 20,302 | 54,206 | |
Indiana Community Bancorp | 9,245 | 199,692 | |
Jefferson Bancshares, Inc., Tennessee (a) | 2,774 | 6,242 | |
Kaiser Federal Financial Group, Inc. | 21,464 | 289,979 | |
Kearny Financial Corp. | 52,612 | 490,870 | |
Meridian Interstate Bancorp, Inc. (a) | 21,767 | 281,447 | |
Meta Financial Group, Inc. | 9,879 | 212,497 | |
MGIC Investment Corp. (a)(d) | 399,147 | 1,800,153 | |
MutualFirst Financial, Inc. | 4,269 | 37,781 | |
NASB Financial, Inc. (a) | 3,384 | 46,936 | |
New England Bancshares, Inc. | 10,376 | 103,241 | |
New Hampshire Thrift Bancshare | 2,577 | 30,821 | |
New York Community Bancorp, Inc. (d) | 950,390 | 12,364,574 | |
Newport Bancorp, Inc. (a) | 579 | 7,452 | |
Northeast Community Bancorp, Inc. | 8,762 | 60,370 | |
Northfield Bancorp, Inc. (d) | 57,830 | 796,897 | |
Northwest Bancshares, Inc. | 211,159 | 2,664,827 | |
Ocean Shore Holding Co. | 3,679 | 40,579 | |
OceanFirst Financial Corp. | 36,227 | 497,397 | |
Oconee Federal Financial Corp. | 4,827 | 57,924 | |
Ocwen Financial Corp. (a) | 208,788 | 3,363,575 | |
Oneida Financial Corp. | 2,810 | 27,426 | |
Oritani Financial Corp. | 106,486 | 1,387,513 | |
Peoples Federal Bancshares, Inc. (a) | 9,219 | 145,660 | |
Poage Bankshares, Inc. | 6,654 | 76,854 | |
Provident Financial Holdings, Inc. | 21,034 | 216,861 | |
Provident Financial Services, Inc. | 125,938 | 1,730,388 | |
Provident New York Bancorp | 82,178 | 700,978 | |
Pulaski Financial Corp. (d) | 11,679 | 86,775 | |
PVF Capital Corp. (a) | 16,043 | 27,434 | |
Radian Group, Inc. (d) | 272,066 | 1,031,130 | |
Riverview Bancorp, Inc. (a) | 20,156 | 45,553 | |
Rockville Financial, Inc. | 29,962 | 346,061 | |
Roma Financial Corp. | 24,222 | 247,307 | |
SI Financial Group, Inc. | 9,136 | 96,019 | |
Southern Missouri Bancorp, Inc. | 376 | 8,874 | |
SP Bancorp, Inc. (a) | 1,088 | 12,828 | |
Teche Holding Co. | 200 | 7,482 | |
Territorial Bancorp, Inc. | 25,512 | 535,752 | |
TF Financial Corp. | 1,866 | 46,016 | |
TFS Financial Corp. (a)(d) | 196,440 | 1,836,714 | |
Timberland Bancorp, Inc. (a) | 12,774 | 53,651 | |
Tree.com, Inc. (a) | 19,703 | 150,531 | |
Trustco Bank Corp., New York | 220,181 | 1,180,170 | |
United Community Financial Corp., Ohio (a) | 28,070 | 37,895 | |
United Financial Bancorp, Inc. | 38,185 | 605,232 | |
ViewPoint Financial Group | 52,099 | 780,964 | |
| |||
Shares | Value | ||
Walker & Dunlop, Inc. (a) | 26,794 | $ 333,585 | |
Washington Federal, Inc. (d) | 287,542 | 4,658,180 | |
Waterstone Financial, Inc. (a) | 7,726 | 18,311 | |
Westfield Financial, Inc. | 94,628 | 750,400 | |
Wolverine Bancorp, Inc. (a) | 7,456 | 112,809 | |
WSFS Financial Corp. | 22,660 | 872,183 | |
| 63,669,403 | ||
TOTAL FINANCIALS | 1,325,234,224 | ||
HEALTH CARE - 10.8% | |||
Biotechnology - 3.3% | |||
Aastrom Biosciences, Inc. (a)(d) | 91,835 | 164,385 | |
Acadia Pharmaceuticals, Inc. (a) | 129,491 | 216,250 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 105,385 | 1,106,543 | |
Acorda Therapeutics, Inc. (a) | 107,837 | 2,821,016 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 111,483 | 73,690 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 21,815 | 364,965 | |
Affymax, Inc. (a) | 70,739 | 722,245 | |
Agenus, Inc. (a)(d) | 33,987 | 108,419 | |
Alexion Pharmaceuticals, Inc. (a) | 414,118 | 34,674,100 | |
Alkermes PLC (a)(d) | 200,355 | 3,528,252 | |
Allos Therapeutics, Inc. (a) | 469,334 | 699,308 | |
Alnylam Pharmaceuticals, Inc. (a) | 97,437 | 1,299,810 | |
AMAG Pharmaceuticals, Inc. (a) | 57,756 | 913,122 | |
Amicus Therapeutics, Inc. (a)(d) | 29,661 | 177,373 | |
Amylin Pharmaceuticals, Inc. (a) | 272,317 | 4,653,898 | |
Anacor Pharmaceuticals, Inc. (a) | 27,640 | 164,182 | |
Anthera Pharmaceuticals, Inc. (a) | 50,448 | 333,966 | |
ARCA biopharma, Inc. (a)(d) | 20,234 | 19,829 | |
Ardea Biosciences, Inc. (a)(d) | 50,140 | 1,068,985 | |
Arena Pharmaceuticals, Inc. (a)(d) | 260,052 | 462,893 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 376,179 | 5,394,407 | |
ArQule, Inc. (a)(d) | 96,974 | 688,515 | |
Array Biopharma, Inc. (a) | 97,821 | 274,877 | |
Arrowhead Research Corp. (a)(d) | 16,316 | 87,454 | |
AspenBio Pharma, Inc. (a) | 11,947 | 10,513 | |
Astex Pharmaceuticals, Inc. (a)(d) | 168,442 | 308,249 | |
Athersys, Inc. (a) | 14,873 | 30,341 | |
AVEO Pharmaceuticals, Inc. (a)(d) | 87,809 | 1,145,029 | |
AVI BioPharma, Inc. (a)(d) | 377,335 | 392,428 | |
Avigen, Inc. rights (a) | 22,946 | 0 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 63,265 | 294,815 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 270,779 | 9,680,349 | |
BioMimetic Therapeutics, Inc. (a) | 45,475 | 94,588 | |
Biosante Pharmaceuticals, Inc. (a) | 223,743 | 172,864 | |
Biospecifics Technologies Corp. (a) | 11,833 | 204,948 | |
BioTime, Inc. (a)(d) | 63,632 | 317,524 | |
Cardium Therapeutics, Inc. (a)(d) | 106,276 | 30,639 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 16,419 | 18,225 | |
Cel-Sci Corp. (a)(d) | 411,094 | 154,366 | |
Cell Therapeutics, Inc. (a)(d) | 497,008 | 636,170 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a) | 87,079 | $ 330,029 | |
Celsion Corp. (a)(d) | 80,797 | 166,442 | |
Cepheid, Inc. (a)(d) | 132,997 | 5,371,749 | |
Chelsea Therapeutics International Ltd. (a)(d) | 111,861 | 412,767 | |
Cleveland Biolabs, Inc. (a)(d) | 63,757 | 233,988 | |
Clovis Oncology, Inc. (d) | 17,699 | 442,298 | |
Codexis, Inc. (a) | 55,475 | 218,572 | |
Coronado Biosciences, Inc. (a)(d) | 28,292 | 215,585 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 126,754 | 5,432,676 | |
Cubist Pharmaceuticals, Inc. rights (a) | 105,448 | 1 | |
Curis, Inc. (a)(d) | 148,476 | 669,627 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 71,040 | 51,149 | |
Cytokinetics, Inc. (a) | 96,287 | 99,176 | |
Cytori Therapeutics, Inc. (a)(d) | 122,840 | 399,230 | |
CytRx Corp. (a)(d) | 376,603 | 129,551 | |
DARA BioSciences, Inc. (a)(d) | 10,188 | 17,014 | |
Dendreon Corp. (a)(d) | 334,116 | 3,762,146 | |
Discovery Laboratories, Inc. (a)(d) | 33,604 | 119,966 | |
DUSA Pharmaceuticals, Inc. (a) | 49,844 | 240,248 | |
Dyax Corp. (a)(d) | 226,428 | 337,378 | |
Dynavax Technologies Corp. (a)(d) | 237,000 | 995,400 | |
Emergent BioSolutions, Inc. (a) | 46,647 | 712,300 | |
EntreMed, Inc. (a) | 37,512 | 77,650 | |
Enzon Pharmaceuticals, Inc. (a)(d) | 134,828 | 953,234 | |
Exact Sciences Corp. (a)(d) | 98,158 | 921,704 | |
Exelixis, Inc. (a)(d) | 297,938 | 1,692,288 | |
Forticell Bioscience, Inc. (a) | 2 | 0 | |
Galena Biopharma, Inc. (a)(d) | 62,801 | 67,197 | |
Genomic Health, Inc. (a)(d) | 36,434 | 1,063,144 | |
GenVec, Inc. (a) | 22,127 | 59,743 | |
Geron Corp. (a) | 244,282 | 488,564 | |
GTx, Inc. (a) | 46,584 | 161,181 | |
Halozyme Therapeutics, Inc. (a)(d) | 197,396 | 2,272,028 | |
Hemispherx Biopharma, Inc. (a)(d) | 257,396 | 79,021 | |
Horizon Pharma, Inc. (d) | 23,401 | 80,733 | |
Human Genome Sciences, Inc. (a)(d) | 460,000 | 3,624,800 | |
iBio, Inc. (a)(d) | 90,664 | 73,429 | |
Idenix Pharmaceuticals, Inc. (a) | 175,634 | 2,067,212 | |
Idera Pharmaceuticals, Inc. (a) | 48,311 | 61,838 | |
ImmunoGen, Inc. (a)(d) | 217,186 | 2,990,651 | |
Immunomedics, Inc. (a)(d) | 140,629 | 500,639 | |
Incyte Corp. (a)(d) | 234,977 | 3,985,210 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 36,284 | 295,715 | |
Inovio Pharmaceuticals, Inc. (a) | 218,287 | 126,606 | |
Insmed, Inc. (a)(d) | 34,076 | 145,164 | |
InterMune, Inc. (a) | 143,706 | 1,928,535 | |
Ironwood Pharmaceuticals, Inc. | 118,987 | 1,593,236 | |
Isis Pharmaceuticals, Inc. (a)(d) | 211,106 | 1,923,176 | |
IsoRay, Inc. (a)(d) | 53,013 | 29,687 | |
| |||
Shares | Value | ||
Keryx Biopharmaceuticals, Inc. (a)(d) | 141,819 | $ 470,839 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 457,138 | 777,135 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a) | 39,880 | 585,438 | |
General CVR | 26,087 | 509 | |
Glucagon CVR (a) | 26,087 | 391 | |
rights (a) | 26,087 | 652 | |
TR Beta CVR (a) | 26,087 | 261 | |
MannKind Corp. (a)(d) | 315,890 | 739,183 | |
Maxygen, Inc. (a) | 88,637 | 486,617 | |
Medgenics, Inc. (a) | 12,815 | 58,436 | |
MediciNova, Inc. (a)(d) | 37,660 | 94,150 | |
Medivation, Inc. (a)(d) | 78,000 | 5,109,780 | |
Metabolix, Inc. (a)(d) | 85,270 | 234,493 | |
Micromet, Inc. (a) | 183,229 | 2,013,687 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 94,651 | 1,387,584 | |
Myrexis, Inc. (a) | 78,861 | 252,355 | |
Myriad Genetics, Inc. (a) | 202,137 | 4,891,715 | |
Nabi Biopharmaceuticals (a) | 107,264 | 200,584 | |
Nanosphere, Inc. (a) | 67,194 | 145,139 | |
Neuralstem, Inc. (a) | 84,954 | 96,848 | |
Neurocrine Biosciences, Inc. (a) | 145,022 | 1,141,323 | |
NeurogesX, Inc. (a)(d) | 29,276 | 16,863 | |
NewLink Genetics Corp. | 11,673 | 98,754 | |
Novavax, Inc. (a)(d) | 175,645 | 223,069 | |
NPS Pharmaceuticals, Inc. (a)(d) | 170,911 | 1,165,613 | |
OncoGenex Pharmaceuticals, Inc. (a) | 17,988 | 287,448 | |
Oncothyreon, Inc. (a)(d) | 80,107 | 656,877 | |
ONYX Pharmaceuticals, Inc. (a) | 131,443 | 5,036,896 | |
Opexa Therapeutics, Inc. (a) | 33,277 | 30,948 | |
Opko Health, Inc. (a)(d) | 316,385 | 1,562,942 | |
OREXIGEN Therapeutics, Inc. (a) | 67,497 | 264,588 | |
Osiris Therapeutics, Inc. (a)(d) | 34,104 | 178,023 | |
OXiGENE, Inc. (a)(d) | 2,854 | 3,282 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 46,598 | 125,349 | |
PDL BioPharma, Inc. | 287,952 | 1,837,134 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 126,870 | 119,106 | |
Pharmacyclics, Inc. (a)(d) | 100,855 | 2,540,537 | |
PharmAthene, Inc. (a)(d) | 77,388 | 113,760 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 99,977 | 974,776 | |
PROLOR Biotech, Inc. (a)(d) | 110,536 | 637,793 | |
Raptor Pharmaceutical Corp. (a)(d) | 66,987 | 467,569 | |
Regeneron Pharmaceuticals, Inc. (a) | 165,608 | 17,354,062 | |
Repligen Corp. (a) | 65,974 | 290,945 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 117,188 | 59,824 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 205,189 | 2,051,890 | |
Sangamo Biosciences, Inc. (a)(d) | 106,420 | 560,833 | |
Savient Pharmaceuticals, Inc. (a)(d) | 337,000 | 677,370 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 109,407 | 513,119 | |
Seattle Genetics, Inc. (a)(d) | 219,964 | 4,060,535 | |
SIGA Technologies, Inc. (a)(d) | 109,876 | 313,147 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 123,410 | 1,751,188 | |
StemCells, Inc. (a)(d) | 72,956 | 80,252 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 58,396 | 101,609 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Synageva BioPharma Corp. (a) | 13,673 | $ 510,276 | |
Synergy Pharmaceuticals, Inc. (a) | 2,100 | 9,408 | |
Synta Pharmaceuticals Corp. (a)(d) | 83,205 | 397,720 | |
Targacept, Inc. (a) | 126,780 | 864,640 | |
Telik, Inc. (a)(d) | 81,953 | 11,473 | |
Tengion, Inc. (a) | 27,587 | 17,104 | |
Theravance, Inc. (a)(d) | 161,982 | 3,029,063 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 45,958 | 238,522 | |
Tranzyme, Inc. | 27,277 | 137,476 | |
Trius Therapeutics, Inc. (a) | 68,002 | 344,090 | |
United Therapeutics Corp. (a) | 128,305 | 6,123,998 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 82,121 | 381,041 | |
Verastem, Inc. | 1,695 | 19,662 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 458,877 | 17,859,493 | |
Vical, Inc. (a)(d) | 181,350 | 580,320 | |
XOMA Corp. (a) | 70,792 | 106,896 | |
Zalicus, Inc. (a)(d) | 139,798 | 139,798 | |
ZIOPHARM Oncology, Inc. (a)(d) | 150,702 | 739,947 | |
| 215,483,356 | ||
Health Care Equipment & Supplies - 2.4% | |||
Abaxis, Inc. (a)(d) | 51,787 | 1,375,463 | |
Abiomed, Inc. (a)(d) | 101,392 | 2,117,065 | |
Accuray, Inc. (a)(d) | 136,087 | 922,670 | |
Alere, Inc. (a) | 178,442 | 4,537,780 | |
Align Technology, Inc. (a)(d) | 136,172 | 3,487,365 | |
Allied Healthcare Products, Inc. (a) | 4,954 | 16,596 | |
Alphatec Holdings, Inc. (a)(d) | 200,628 | 377,181 | |
Analogic Corp. | 26,724 | 1,521,932 | |
Angiodynamics, Inc. (a)(d) | 50,411 | 656,351 | |
Anika Therapeutics, Inc. (a)(d) | 35,451 | 402,723 | |
Antares Pharma, Inc. (a)(d) | 291,705 | 735,097 | |
ArthroCare Corp. (a) | 55,655 | 1,452,596 | |
Atricure, Inc. (a) | 20,142 | 205,448 | |
Atrion Corp. | 3,467 | 714,202 | |
Bacterin International Holdings, Inc. (a)(d) | 41,452 | 122,698 | |
BioLase Technology, Inc. (d) | 74,659 | 203,072 | |
Bovie Medical Corp. (a)(d) | 27,980 | 81,142 | |
BSD Medical Corp. (a)(d) | 95,648 | 209,469 | |
Cantel Medical Corp. (d) | 49,563 | 1,000,677 | |
Cardica, Inc. (a)(d) | 38,892 | 78,562 | |
Cardiovascular Systems, Inc. (a)(d) | 30,872 | 279,392 | |
Cerus Corp. (a)(d) | 105,314 | 395,981 | |
Conceptus, Inc. (a)(d) | 54,532 | 734,546 | |
CONMED Corp. (d) | 63,622 | 1,898,480 | |
Cryolife, Inc. (a) | 62,316 | 339,622 | |
Cutera, Inc. (a) | 28,281 | 264,427 | |
Cyberonics, Inc. (a)(d) | 67,789 | 2,523,784 | |
Cynosure, Inc. Class A (a) | 19,062 | 339,113 | |
Daxor Corp. | 5,176 | 47,774 | |
Delcath Systems, Inc. (a)(d) | 94,694 | 412,866 | |
| |||
Shares | Value | ||
Derma Sciences, Inc. (a) | 20,252 | $ 177,610 | |
DexCom, Inc. (a)(d) | 136,213 | 1,469,738 | |
Digirad Corp. (a) | 23,301 | 44,971 | |
Dynatronics Corp. (a) | 17,122 | 14,211 | |
DynaVox, Inc. Class A (a) | 32,839 | 104,100 | |
Endologix, Inc. (a)(d) | 105,384 | 1,394,230 | |
EnteroMedics, Inc. (a) | 52,210 | 113,818 | |
Escalon Medical Corp. (a) | 3,512 | 3,582 | |
Exactech, Inc. (a)(d) | 17,847 | 283,589 | |
Fonar Corp. (a) | 785 | 1,570 | |
Gen-Probe, Inc. (a)(d) | 101,709 | 6,944,691 | |
Genmark Diagnostics, Inc. (a) | 39,385 | 163,842 | |
Greatbatch, Inc. (a)(d) | 47,755 | 1,181,936 | |
Haemonetics Corp. (a)(d) | 60,279 | 4,040,501 | |
Hansen Medical, Inc. (a)(d) | 150,643 | 480,551 | |
Hill-Rom Holdings, Inc. | 134,674 | 4,574,876 | |
Hologic, Inc. (a) | 617,315 | 12,796,940 | |
ICU Medical, Inc. (a)(d) | 29,363 | 1,347,174 | |
IDEXX Laboratories, Inc. (a)(d) | 127,786 | 10,957,650 | |
Insulet Corp. (a)(d) | 83,545 | 1,647,507 | |
Integra LifeSciences Holdings Corp. (a) | 42,090 | 1,330,044 | |
Invacare Corp. | 67,101 | 1,107,838 | |
Iridex Corp. (a) | 9,439 | 38,511 | |
IRIS International, Inc. (a) | 45,897 | 512,669 | |
IVAX Diagnostics, Inc. (a) | 7,111 | 3,556 | |
Kensey Nash Corp. | 23,000 | 519,340 | |
Kewaunee Scientific Corp. | 5,250 | 43,418 | |
Kips Bay Medical, Inc. | 9,803 | 13,920 | |
LeMaitre Vascular, Inc. | 13,768 | 77,101 | |
Mako Surgical Corp. (a)(d) | 99,656 | 3,896,550 | |
Masimo Corp. (a)(d) | 148,292 | 3,232,766 | |
Medical Action Industries, Inc. (a) | 32,086 | 173,906 | |
MELA Sciences, Inc. (a)(d) | 127,887 | 590,838 | |
Meridian Bioscience, Inc. (d) | 89,034 | 1,604,393 | |
Merit Medical Systems, Inc. (a) | 88,449 | 1,107,381 | |
Natus Medical, Inc. (a) | 56,741 | 594,078 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 198,413 | 595,239 | |
Neogen Corp. (a)(d) | 52,582 | 1,824,595 | |
NeuroMetrix, Inc. (a) | 4,110 | 3,206 | |
NuVasive, Inc. (a)(d) | 91,681 | 1,438,475 | |
NxStage Medical, Inc. (a)(d) | 102,782 | 2,055,640 | |
OraSure Technologies, Inc. (a) | 93,746 | 940,272 | |
Orthofix International NV (a)(d) | 56,449 | 2,213,365 | |
Palomar Medical Technologies, Inc. (a) | 45,060 | 497,462 | |
Quidel Corp. (a)(d) | 58,570 | 830,523 | |
ResMed, Inc. (a)(d) | 342,538 | 10,036,363 | |
Retractable Technologies, Inc. (a) | 5,601 | 6,721 | |
Rochester Medical Corp. (a) | 22,381 | 209,934 | |
Rockwell Medical Technologies, Inc. (a)(d) | 39,941 | 379,040 | |
RTI Biologics, Inc. (a) | 112,823 | 417,445 | |
Sirona Dental Systems, Inc. (a) | 116,114 | 5,794,089 | |
Solta Medical, Inc. (a) | 115,233 | 327,262 | |
SonoSite, Inc. (a) | 29,726 | 1,602,826 | |
Staar Surgical Co. (a)(d) | 69,588 | 725,803 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Stereotaxis, Inc. (a)(d) | 116,456 | $ 89,089 | |
Steris Corp. | 111,492 | 3,498,619 | |
SurModics, Inc. (a)(d) | 30,705 | 436,011 | |
Symmetry Medical, Inc. (a)(d) | 73,616 | 532,980 | |
Synergetics USA, Inc. (a) | 65,159 | 410,502 | |
Teleflex, Inc. | 87,505 | 5,186,421 | |
The Cooper Companies, Inc. | 112,952 | 8,977,425 | |
The Spectranetics Corp. (a) | 69,914 | 542,533 | |
Theragenics Corp. (a) | 80,225 | 127,558 | |
ThermoGenesis Corp. (a)(d) | 36,219 | 36,581 | |
Thoratec Corp. (a)(d) | 124,408 | 4,292,076 | |
TranS1, Inc. (a) | 28,877 | 84,898 | |
Unilife Corp. (a)(d) | 218,690 | 811,340 | |
Urologix, Inc. (a)(d) | 5,053 | 6,973 | |
Uroplasty, Inc. (a)(d) | 38,436 | 106,083 | |
Utah Medical Products, Inc. | 5,647 | 171,951 | |
Vascular Solutions, Inc. (a) | 26,619 | 279,233 | |
Vermillion, Inc. (a)(d) | 26,315 | 34,736 | |
Vision Sciences, Inc. (a)(d) | 22,011 | 37,639 | |
Volcano Corp. (a)(d) | 108,590 | 3,043,778 | |
West Pharmaceutical Services, Inc. (d) | 69,155 | 2,876,848 | |
Wright Medical Group, Inc. (a)(d) | 79,689 | 1,319,650 | |
Young Innovations, Inc. | 13,402 | 405,411 | |
Zeltiq Aesthetics, Inc. (d) | 16,144 | 178,876 | |
Zoll Medical Corp. (a) | 45,467 | 3,325,911 | |
| 156,754,852 | ||
Health Care Providers & Services - 2.7% | |||
Acadia Healthcare Co., Inc. (a) | 14,095 | 197,189 | |
Accretive Health, Inc. (a)(d) | 115,243 | 2,995,166 | |
Adcare Health Systems, Inc. | 10,388 | 46,330 | |
Addus HomeCare Corp. (a) | 22,321 | 80,356 | |
Advocat, Inc. | 10,190 | 61,344 | |
Air Methods Corp. (a)(d) | 23,292 | 2,101,637 | |
Alliance Healthcare Services, Inc. (a) | 113,811 | 154,783 | |
Almost Family, Inc. (a) | 17,026 | 389,555 | |
Amedisys, Inc. (a) | 67,342 | 865,345 | |
American CareSource Holdings, Inc. (a) | 6,161 | 3,142 | |
AMERIGROUP Corp. (a) | 103,533 | 7,032,997 | |
AMN Healthcare Services, Inc. (a) | 100,708 | 537,781 | |
AmSurg Corp. (a)(d) | 69,905 | 1,826,618 | |
Assisted Living Concepts, Inc. Class A | 40,594 | 651,534 | |
Bio-Reference Laboratories, Inc. (a)(d) | 47,759 | 961,866 | |
BioScrip, Inc. (a)(d) | 108,642 | 688,790 | |
Birner Dental Management Services, Inc. | 483 | 8,936 | |
Brookdale Senior Living, Inc. (a) | 210,213 | 3,918,370 | |
Capital Senior Living Corp. (a) | 48,537 | 415,962 | |
CardioNet, Inc. (a) | 56,333 | 179,702 | |
Catalyst Health Solutions, Inc. (a)(d) | 107,565 | 6,671,181 | |
Centene Corp. (a)(d) | 105,930 | 5,169,384 | |
Chemed Corp. | 53,951 | 3,335,251 | |
Chindex International, Inc. (a)(d) | 31,354 | 292,533 | |
| |||
Shares | Value | ||
Community Health Systems, Inc. (a) | 233,076 | $ 5,882,838 | |
Conmed Healthcare Management, Inc. (a) | 2,500 | 9,200 | |
Corvel Corp. (a) | 14,051 | 637,072 | |
Cross Country Healthcare, Inc. (a) | 74,123 | 419,536 | |
Emeritus Corp. (a) | 68,719 | 1,268,553 | |
ExamWorks Group, Inc. (a)(d) | 68,698 | 708,963 | |
Five Star Quality Care, Inc. (a) | 94,878 | 335,868 | |
Gentiva Health Services, Inc. (a) | 70,931 | 556,808 | |
Hanger Orthopedic Group, Inc. (a)(d) | 82,506 | 1,707,049 | |
HCA Holdings, Inc. | 397,398 | 10,598,605 | |
Health Management Associates, Inc. Class A (a)(d) | 525,469 | 3,877,961 | |
Health Net, Inc. (a) | 190,499 | 7,189,432 | |
HealthSouth Corp. (a)(d) | 198,298 | 4,037,347 | |
Healthways, Inc. (a) | 70,398 | 559,664 | |
Henry Schein, Inc. (a)(d) | 206,787 | 15,306,374 | |
HMS Holdings Corp. (a)(d) | 187,803 | 6,051,013 | |
Hooper Holmes, Inc. (a) | 128,551 | 89,806 | |
InfuSystems Holdings, Inc. (a) | 5,400 | 10,908 | |
Integramed America, Inc. (a) | 12,500 | 137,625 | |
IPC The Hospitalist Co., Inc. (a) | 40,062 | 1,457,055 | |
Kindred Healthcare, Inc. (a)(d) | 123,250 | 1,268,243 | |
Landauer, Inc. | 21,955 | 1,177,666 | |
LCA-Vision, Inc. (a) | 46,621 | 401,873 | |
LHC Group, Inc. (a) | 36,807 | 626,455 | |
LifePoint Hospitals, Inc. (a)(d) | 111,238 | 4,334,945 | |
Lincare Holdings, Inc. | 215,805 | 5,796,522 | |
Magellan Health Services, Inc. (a) | 73,679 | 3,482,070 | |
Medcath Corp. (a) | 19,048 | 147,812 | |
MEDNAX, Inc. (a)(d) | 115,837 | 8,617,114 | |
Metropolitan Health Networks, Inc. (a)(d) | 88,677 | 741,340 | |
MModal, Inc. (a) | 74,136 | 762,859 | |
Molina Healthcare, Inc. (a)(d) | 62,000 | 2,105,520 | |
MWI Veterinary Supply, Inc. (a)(d) | 25,757 | 2,229,783 | |
National Healthcare Corp. | 33,268 | 1,491,072 | |
National Research Corp. | 7,576 | 292,661 | |
NeoStem, Inc. (a)(d) | 160,272 | 91,355 | |
Omnicare, Inc. | 244,024 | 8,584,764 | |
Owens & Minor, Inc. | 131,706 | 3,945,912 | |
PDI, Inc. (a) | 17,615 | 121,896 | |
PharMerica Corp. (a)(d) | 64,907 | 795,760 | |
Providence Service Corp. (a) | 27,523 | 414,221 | |
PSS World Medical, Inc. (a)(d) | 126,295 | 3,060,128 | |
Psychemedics Corp. | 15,744 | 160,274 | |
RadNet, Inc. (a)(d) | 74,982 | 224,196 | |
Select Medical Holdings Corp. (a)(d) | 122,570 | 1,032,039 | |
Sharps Compliance Corp. (a)(d) | 29,684 | 116,064 | |
Skilled Healthcare Group, Inc. (a)(d) | 74,963 | 489,508 | |
SRI/Surgical Express, Inc. (a) | 3,720 | 14,136 | |
Sun Healthcare Group, Inc. (a) | 50,315 | 224,405 | |
SunLink Health Systems, Inc. (a) | 19,190 | 19,382 | |
Sunrise Senior Living, Inc. (a)(d) | 117,342 | 908,227 | |
Team Health Holdings, Inc. (a) | 60,895 | 1,320,813 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
The Ensign Group, Inc. | 35,028 | $ 960,117 | |
Triple-S Management Corp. (a)(d) | 42,519 | 1,006,425 | |
U.S. Physical Therapy, Inc. | 23,352 | 443,922 | |
Universal American Spin Corp. (a) | 74,395 | 843,639 | |
Universal Health Services, Inc. Class B | 200,734 | 8,954,744 | |
Vanguard Health Systems, Inc. (a) | 84,109 | 837,726 | |
VCA Antech, Inc. (a)(d) | 190,439 | 4,187,754 | |
Wellcare Health Plans, Inc. (a)(d) | 89,421 | 6,068,109 | |
| 177,728,880 | ||
Health Care Technology - 0.4% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 438,148 | 8,465,019 | |
Arrhythmia Research Technology, Inc. | 9,913 | 37,769 | |
athenahealth, Inc. (a)(d) | 76,541 | 5,409,152 | |
Authentidate Holding Corp. (a) | 66,432 | 43,181 | |
Computer Programs & Systems, Inc. | 28,005 | 1,703,824 | |
Epocrates, Inc. (a)(d) | 34,986 | 325,370 | |
Greenway Medical Technologies | 14,256 | 210,989 | |
HealthStream, Inc. (a)(d) | 60,937 | 1,244,943 | |
iCAD, Inc. (a) | 113,074 | 57,668 | |
MedAssets, Inc. (a) | 127,164 | 1,815,902 | |
Medidata Solutions, Inc. (a)(d) | 84,401 | 1,682,956 | |
Mediware Information Systems, Inc. (a) | 10,347 | 155,412 | |
Merge Healthcare, Inc. (a) | 183,680 | 1,199,430 | |
Omnicell, Inc. (a)(d) | 80,848 | 1,206,252 | |
Quality Systems, Inc. | 75,236 | 3,225,367 | |
Simulations Plus, Inc. | 26,246 | 105,246 | |
Transcend Services, Inc. (a)(d) | 28,848 | 620,232 | |
| 27,508,712 | ||
Life Sciences Tools & Services - 1.0% | |||
Acceler8 Technology Corp. (a)(d) | 39,227 | 49,034 | |
Affymetrix, Inc. (a)(d) | 138,802 | 578,804 | |
Albany Molecular Research, Inc. (a) | 52,930 | 145,028 | |
Apricus Biosciences, Inc. (a)(d) | 65,877 | 225,299 | |
BG Medicine, Inc. (d) | 19,157 | 148,275 | |
Bio-Rad Laboratories, Inc. Class A (a) | 41,247 | 4,203,894 | |
Bioanalytical Systems, Inc. (a)(d) | 4,772 | 5,440 | |
BioClinica, Inc. (a) | 2,110 | 11,943 | |
Biodelivery Sciences International, Inc. (a) | 50,916 | 115,070 | |
Bruker BioSciences Corp. (a) | 190,665 | 3,056,360 | |
Cambrex Corp. (a) | 55,696 | 370,935 | |
Charles River Laboratories International, Inc. (a) | 115,000 | 4,039,950 | |
Combimatrix Corp. (a) | 2,030 | 3,126 | |
Complete Genomics, Inc. (a)(d) | 29,362 | 109,227 | |
Covance, Inc. (a) | 126,361 | 6,031,211 | |
Enzo Biochem, Inc. (a) | 71,931 | 185,582 | |
eResearchTechnology, Inc. (a) | 116,379 | 742,498 | |
Fluidigm Corp. (a) | 42,977 | 619,728 | |
Furiex Pharmaceuticals, Inc. (a) | 22,412 | 404,312 | |
| |||
Shares | Value | ||
Harvard Bioscience, Inc. (a) | 49,839 | $ 206,832 | |
Illumina, Inc. (a)(d) | 289,393 | 14,831,391 | |
Luminex Corp. (a)(d) | 105,575 | 2,372,270 | |
Medtox Scientific, Inc. (a) | 20,575 | 318,913 | |
Mettler-Toledo International, Inc. (a)(d) | 69,200 | 12,475,376 | |
Pacific Biosciences of California, Inc. (a)(d) | 86,062 | 358,879 | |
PAREXEL International Corp. (a) | 120,210 | 2,942,741 | |
pSivida Corp. (a)(d) | 55,999 | 119,838 | |
PURE Bioscience, Inc. (a) | 94,087 | 35,753 | |
Response Genetics, Inc. (a) | 4,777 | 9,793 | |
Sequenom, Inc. (a)(d) | 263,655 | 1,138,990 | |
SeraCare Life Sciences, Inc. (a) | 44,252 | 175,680 | |
Strategic Diagnostics, Inc. (a) | 32,256 | 65,480 | |
Techne Corp. | 85,451 | 6,117,437 | |
Virtualscopics, Inc. (a) | 21,674 | 25,575 | |
| 62,240,664 | ||
Pharmaceuticals - 1.0% | |||
AcelRx Pharmaceuticals, Inc. | 17,972 | 50,681 | |
Acura Pharmaceuticals, Inc. (a)(d) | 28,281 | 91,630 | |
Akorn, Inc. (a)(d) | 152,326 | 1,908,645 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 101,778 | 63,611 | |
Alimera Sciences, Inc. (a)(d) | 16,534 | 62,168 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 58,367 | 225,297 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 113,519 | 2,243,135 | |
AVANIR Pharmaceuticals Class A (a)(d) | 288,916 | 797,408 | |
Biodel, Inc. (a) | 55,601 | 35,307 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 123,636 | 463,635 | |
Cempra, Inc. | 14,617 | 109,628 | |
ChemoCentryx, Inc. | 8,614 | 88,207 | |
Columbia Laboratories, Inc. (a) | 152,776 | 100,832 | |
Corcept Therapeutics, Inc. (a)(d) | 131,028 | 514,940 | |
Cornerstone Therapeutics, Inc. (a) | 20,195 | 115,919 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 31,186 | 247,305 | |
DepoMed, Inc. (a)(d) | 110,510 | 695,108 | |
Durect Corp. (a) | 192,572 | 142,503 | |
Echo Therapeutics, Inc. (a)(d) | 90,982 | 168,317 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 269,816 | 10,002,079 | |
Endocyte, Inc. | 66,250 | 235,188 | |
Heska Corp. | 6,758 | 65,485 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 20,470 | 817,162 | |
Impax Laboratories, Inc. (a)(d) | 135,497 | 3,163,855 | |
Ista Pharmaceuticals, Inc. (a) | 101,886 | 843,616 | |
Jazz Pharmaceuticals PLC (a) | 31,973 | 1,677,623 | |
KV Pharmaceutical Co. Class A (a)(d) | 192,403 | 267,440 | |
Lannett Co., Inc. (a)(d) | 38,740 | 159,996 | |
MAP Pharmaceuticals, Inc. (a) | 54,808 | 879,668 | |
Medicis Pharmaceutical Corp. Class A | 156,023 | 5,451,444 | |
Nektar Therapeutics (a)(d) | 230,474 | 1,652,499 | |
NuPathe, Inc. (a)(d) | 4,564 | 13,738 | |
Obagi Medical Products, Inc. (a) | 38,431 | 436,192 | |
Oculus Innovative Sciences, Inc. (a)(d) | 45,130 | 63,182 | |
Omeros Corp. (a) | 37,753 | 256,720 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Optimer Pharmaceuticals, Inc. (a)(d) | 83,856 | $ 1,072,518 | |
Pacira Pharmaceuticals, Inc. (d) | 27,673 | 296,101 | |
Pain Therapeutics, Inc. (a) | 81,649 | 299,652 | |
Par Pharmaceutical Companies, Inc. (a) | 75,620 | 2,806,258 | |
Pernix Therapeutics Holdings, Inc. (a) | 16,867 | 145,394 | |
Pozen, Inc. (a)(d) | 51,346 | 223,869 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 136,199 | 5,298,141 | |
Repros Therapeutics, Inc. (a)(d) | 33,329 | 139,982 | |
Sagent Pharmaceuticals, Inc. (d) | 30,621 | 664,169 | |
Salix Pharmaceuticals Ltd. (a) | 109,684 | 5,409,615 | |
Santarus, Inc. (a) | 112,545 | 508,703 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 72,498 | 44,224 | |
Sucampo Pharmaceuticals, Inc. | 9,550 | 69,715 | |
Synthetic Biologics, Inc. (a)(d) | 51,943 | 114,275 | |
The Medicines Company (a) | 111,789 | 2,395,638 | |
Transcept Pharmaceuticals, Inc. (a)(d) | 11,502 | 96,042 | |
Ventrus Biosciences, Inc. (a)(d) | 24,780 | 264,650 | |
ViroPharma, Inc. (a)(d) | 160,618 | 5,149,413 | |
Vivus, Inc. (a)(d) | 200,087 | 4,501,958 | |
XenoPort, Inc. (a) | 68,811 | 275,244 | |
Zogenix, Inc. (a)(d) | 61,812 | 140,931 | |
| 64,026,655 | ||
TOTAL HEALTH CARE | 703,743,119 | ||
INDUSTRIALS - 14.5% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. | 94,381 | 2,081,101 | |
AeroVironment, Inc. (a)(d) | 58,230 | 1,658,390 | |
Alliant Techsystems, Inc. | 84,552 | 5,073,120 | |
American Science & Engineering, Inc. | 18,814 | 1,367,778 | |
API Technologies Corp. (a)(d) | 65,623 | 248,711 | |
Ascent Solar Technologies, Inc. (a)(d) | 173,479 | 131,844 | |
Astronics Corp. (a) | 26,386 | 882,084 | |
Astrotech Corp. (a) | 39,511 | 29,238 | |
BE Aerospace, Inc. (a) | 209,421 | 9,599,859 | |
Breeze Industrial Products Corp. (a) | 10,964 | 87,383 | |
Ceradyne, Inc. | 52,881 | 1,634,552 | |
CPI Aerostructures, Inc. (a) | 10,803 | 157,184 | |
Cubic Corp. | 32,575 | 1,557,085 | |
Curtiss-Wright Corp. (d) | 96,755 | 3,594,448 | |
DigitalGlobe, Inc. (a) | 77,952 | 1,198,902 | |
Ducommun, Inc. | 21,976 | 335,574 | |
EDAC Technologies Corp. (a) | 10,048 | 104,499 | |
Esterline Technologies Corp. (a) | 66,393 | 4,312,225 | |
Exelis, Inc. | 433,264 | 4,553,605 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 136,287 | 817,722 | |
GeoEye, Inc. (a)(d) | 57,169 | 1,158,816 | |
HEICO Corp. Class A | 74,281 | 2,962,326 | |
Hexcel Corp. (a)(d) | 225,862 | 5,707,533 | |
| |||
Shares | Value | ||
Huntington Ingalls Industries, Inc. (a) | 97,507 | $ 3,498,551 | |
Innovative Solutions & Support, Inc. (a) | 13,417 | 57,291 | |
KEYW Holding Corp. (a)(d) | 46,450 | 329,795 | |
Kratos Defense & Security Solutions, Inc. (a) | 83,336 | 530,850 | |
LMI Aerospace, Inc. (a) | 26,052 | 530,158 | |
Moog, Inc. Class A (a)(d) | 86,742 | 3,808,841 | |
National Presto Industries, Inc. | 11,507 | 996,391 | |
Orbital Sciences Corp. (a)(d) | 153,534 | 2,157,153 | |
SIFCO Industries, Inc. | 1,004 | 19,468 | |
Sparton Corp. (a) | 26,316 | 247,897 | |
Spirit AeroSystems Holdings, Inc. | 268,324 | 6,429,043 | |
Sypris Solutions, Inc. (a) | 13,260 | 49,990 | |
Taser International, Inc. (a)(d) | 148,024 | 596,537 | |
Teledyne Technologies, Inc. (a)(d) | 81,863 | 4,879,035 | |
TransDigm Group, Inc. (a) | 98,367 | 11,685,016 | |
Triumph Group, Inc. | 90,459 | 5,771,284 | |
| 90,841,279 | ||
Air Freight & Logistics - 0.2% | |||
Air Transport Services Group, Inc. (a) | 135,611 | 736,368 | |
Atlas Air Worldwide Holdings, Inc. (a)(d) | 54,389 | 2,318,059 | |
Forward Air Corp. | 65,552 | 2,207,136 | |
Hub Group, Inc. Class A (a)(d) | 77,568 | 2,763,748 | |
Pacer International, Inc. (a)(d) | 74,956 | 413,757 | |
Park-Ohio Holdings Corp. (a) | 19,844 | 372,075 | |
Radiant Logistics, Inc. (a) | 37,185 | 85,526 | |
UTI Worldwide, Inc. | 211,370 | 3,411,512 | |
XPO Logistics, Inc. (a) | 16,780 | 281,401 | |
| 12,589,582 | ||
Airlines - 0.8% | |||
Alaska Air Group, Inc. (a) | 81,476 | 5,586,809 | |
Allegiant Travel Co. (a)(d) | 42,309 | 2,114,604 | |
Delta Air Lines, Inc. (a) | 1,875,728 | 18,400,892 | |
Hawaiian Holdings, Inc. (a) | 220,393 | 1,170,287 | |
JetBlue Airways Corp. (a)(d) | 542,876 | 2,768,668 | |
Pinnacle Airlines Corp. (a)(d) | 44,001 | 51,481 | |
Republic Airways Holdings, Inc. (a) | 96,210 | 510,875 | |
SkyWest, Inc. | 108,897 | 1,243,604 | |
Spirit Airlines, Inc. (a) | 37,177 | 726,067 | |
United Continental Holdings, Inc. (a)(d) | 736,568 | 15,210,129 | |
US Airways Group, Inc. (a)(d) | 334,007 | 2,474,992 | |
| 50,258,408 | ||
Building Products - 0.6% | |||
A.O. Smith Corp. | 84,859 | 3,832,232 | |
AAON, Inc. (d) | 50,188 | 930,987 | |
Ameresco, Inc. Class A (a)(d) | 31,595 | 445,174 | |
American Woodmark Corp. | 19,231 | 273,273 | |
Apogee Enterprises, Inc. | 75,723 | 1,004,844 | |
Armstrong World Industries, Inc. (a)(d) | 43,954 | 2,251,324 | |
Builders FirstSource, Inc. (a) | 104,250 | 315,878 | |
Fortune Brands Home & Security, Inc. (a) | 362,164 | 7,004,252 | |
Gibraltar Industries, Inc. (a) | 71,043 | 981,814 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Griffon Corp. | 111,223 | $ 1,188,974 | |
Insteel Industries, Inc. | 37,536 | 471,452 | |
Lennox International, Inc. (d) | 121,219 | 4,743,299 | |
NCI Building Systems, Inc. (a)(d) | 41,117 | 497,516 | |
Nortek, Inc. (a) | 7,007 | 248,398 | |
Owens Corning (a) | 275,085 | 8,706,440 | |
PGT, Inc. (a) | 31,737 | 50,144 | |
Quanex Building Products Corp. | 77,730 | 1,322,187 | |
Simpson Manufacturing Co. Ltd. | 86,766 | 2,587,362 | |
Trex Co., Inc. (a)(d) | 30,535 | 822,308 | |
Universal Forest Products, Inc. (d) | 42,334 | 1,360,615 | |
US Home Systems, Inc. | 15,460 | 217,831 | |
USG Corp. (a)(d) | 158,276 | 2,255,433 | |
| 41,511,737 | ||
Commercial Services & Supplies - 1.5% | |||
A.T. Cross Co. Class A (a) | 14,209 | 141,380 | |
ABM Industries, Inc. (d) | 92,738 | 2,105,153 | |
ACCO Brands Corp. (a) | 130,000 | 1,534,000 | |
Acorn Energy, Inc. | 48,860 | 403,095 | |
American Reprographics Co. (a) | 75,972 | 401,132 | |
Amrep Corp. (a) | 2,187 | 18,721 | |
Asset Acceptance Capital Corp. (a) | 23,778 | 111,519 | |
Asta Funding, Inc. | 25,295 | 199,325 | |
Casella Waste Systems, Inc. Class A (a) | 61,767 | 404,574 | |
CECO Environmental Corp. | 10,861 | 77,656 | |
Cenveo, Inc. (a)(d) | 149,628 | 583,549 | |
Clean Harbors, Inc. (a)(d) | 102,263 | 6,867,983 | |
Command Security Corp. (a) | 4,127 | 5,984 | |
CompX International, Inc. Class A | 600 | 10,236 | |
Consolidated Graphics, Inc. (a) | 26,303 | 1,228,087 | |
Copart, Inc. (a) | 137,519 | 6,845,696 | |
Corrections Corp. of America (a) | 242,790 | 6,084,317 | |
Courier Corp. | 28,388 | 306,023 | |
Covanta Holding Corp. | 255,442 | 4,171,368 | |
Deluxe Corp. | 113,863 | 2,809,000 | |
Ecology & Environment, Inc. Class A | 5,634 | 94,426 | |
Encore Capital Group, Inc. (a) | 46,658 | 1,039,540 | |
EnergySolutions, Inc. (a)(d) | 182,988 | 770,379 | |
EnerNOC, Inc. (a) | 50,641 | 398,545 | |
Ennis, Inc. | 62,398 | 1,045,790 | |
Food Technology Service, Inc. (a) | 11,431 | 82,189 | |
Fuel Tech, Inc. (a)(d) | 64,292 | 397,967 | |
G&K Services, Inc. Class A | 39,177 | 1,305,769 | |
Healthcare Services Group, Inc. | 152,756 | 2,975,687 | |
Heritage-Crystal Clean, Inc. (a) | 10,239 | 226,384 | |
Herman Miller, Inc. | 126,594 | 2,658,474 | |
HNI Corp. | 76,702 | 1,939,027 | |
Hudson Technologies, Inc. (a) | 5,000 | 15,000 | |
Humitech International Group, Inc. (a) | 75 | 0 | |
Industrial Services of America, Inc. (a) | 12,843 | 69,866 | |
InnerWorkings, Inc. (a)(d) | 87,084 | 992,758 | |
| |||
Shares | Value | ||
Interface, Inc. Class A | 115,037 | $ 1,409,203 | |
Intersections, Inc. | 38,322 | 447,218 | |
KAR Auction Services, Inc. (a) | 62,861 | 1,010,176 | |
Kimball International, Inc. Class B | 57,256 | 352,697 | |
Knoll, Inc. | 97,493 | 1,503,342 | |
McGrath RentCorp. | 56,348 | 1,789,049 | |
Metalico, Inc. (a)(d) | 92,179 | 462,739 | |
Mine Safety Appliances Co. | 77,156 | 2,843,970 | |
Mobile Mini, Inc. (a)(d) | 90,516 | 1,955,146 | |
Multi-Color Corp. | 29,648 | 648,402 | |
NL Industries, Inc. | 15,515 | 229,622 | |
Perma-Fix Environmental Services, Inc. (a) | 115,539 | 192,950 | |
Portfolio Recovery Associates, Inc. (a)(d) | 36,809 | 2,566,692 | |
Quad/Graphics, Inc. | 79,207 | 1,185,729 | |
Rollins, Inc. | 155,505 | 3,150,531 | |
Schawk, Inc. Class A | 27,510 | 304,536 | |
Standard Parking Corp. (a) | 32,024 | 578,033 | |
Standard Register Co. (d) | 38,184 | 59,949 | |
Steelcase, Inc. Class A (d) | 179,677 | 1,577,564 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 239,774 | 707,334 | |
Sykes Enterprises, Inc. (a) | 87,326 | 1,203,352 | |
Team, Inc. (a)(d) | 39,317 | 1,203,100 | |
Tetra Tech, Inc. (a)(d) | 145,040 | 3,562,182 | |
The Brink's Co. | 97,784 | 2,469,046 | |
The Geo Group, Inc. (a)(d) | 145,491 | 2,562,097 | |
TMS International Corp. | 23,655 | 281,495 | |
TRC Companies, Inc. (a)(d) | 30,285 | 156,573 | |
Unifirst Corp. Massachusetts | 36,491 | 2,192,379 | |
United Stationers, Inc. | 100,653 | 2,922,963 | |
US Ecology, Inc. | 54,784 | 1,033,774 | |
Versar, Inc. (a) | 11,390 | 31,892 | |
Viad Corp. | 42,396 | 825,026 | |
Virco Manufacturing Co. | 4,818 | 9,877 | |
Waste Connections, Inc. | 243,270 | 7,911,140 | |
WCA Waste Corp. (a) | 27,200 | 176,528 | |
| 97,836,905 | ||
Construction & Engineering - 0.8% | |||
AECOM Technology Corp. (a) | 228,371 | 5,332,463 | |
Aegion Corp. (a)(d) | 104,477 | 1,839,840 | |
Argan, Inc. | 15,383 | 230,591 | |
Comfort Systems USA, Inc. | 79,056 | 904,401 | |
Dycom Industries, Inc. (a) | 99,803 | 2,123,808 | |
EMCOR Group, Inc. | 145,482 | 4,044,400 | |
Furmanite Corp. (a) | 78,211 | 570,940 | |
Granite Construction, Inc. | 73,710 | 2,108,106 | |
Great Lakes Dredge & Dock Corp. | 121,423 | 860,889 | |
Integrated Electrical Services, Inc. (a)(d) | 10,323 | 26,220 | |
KBR, Inc. | 322,174 | 11,701,360 | |
Layne Christensen Co. (a) | 40,869 | 988,621 | |
MasTec, Inc. (a)(d) | 177,197 | 3,116,895 | |
Michael Baker Corp. (a) | 16,454 | 397,035 | |
MYR Group, Inc. (a) | 45,089 | 903,133 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Northwest Pipe Co. (a)(d) | 22,062 | $ 540,078 | |
Orion Marine Group, Inc. (a) | 51,220 | 373,906 | |
Pike Electric Corp. (a) | 35,720 | 318,980 | |
Primoris Services Corp. | 86,156 | 1,325,079 | |
Shaw Group, Inc. (a) | 181,929 | 5,265,025 | |
Sterling Construction Co., Inc. (a) | 32,215 | 334,070 | |
Tutor Perini Corp. (a) | 73,728 | 1,163,428 | |
UniTek Global Services, Inc. (a) | 30,823 | 127,299 | |
URS Corp. | 184,683 | 8,061,413 | |
Willdan Group, Inc. (a) | 13,349 | 50,059 | |
| 52,708,039 | ||
Electrical Equipment - 1.4% | |||
A123 Systems, Inc. (a)(d) | 202,746 | 364,943 | |
Active Power, Inc. (a)(d) | 238,312 | 166,795 | |
Acuity Brands, Inc. (d) | 99,024 | 6,158,303 | |
Allied Motion Technologies, Inc. | 14,531 | 103,897 | |
Altair Nanotechnologies, Inc. (a)(d) | 144,426 | 99,654 | |
American Superconductor Corp. (a)(d) | 110,038 | 492,970 | |
AMETEK, Inc. | 351,877 | 16,749,345 | |
AZZ, Inc. | 25,466 | 1,278,393 | |
Babcock & Wilcox Co. (a) | 281,465 | 7,244,909 | |
Belden, Inc. | 99,003 | 3,907,648 | |
Brady Corp. Class A | 106,372 | 3,398,585 | |
Broadwind Energy, Inc. (a)(d) | 350,833 | 220,990 | |
Capstone Turbine Corp. (a)(d) | 666,220 | 739,504 | |
Coleman Cable, Inc. (a)(d) | 32,333 | 367,626 | |
Digital Power Corp. (a) | 4,959 | 10,116 | |
Ecotality, Inc. (a)(d) | 33,302 | 36,965 | |
Encore Wire Corp. | 42,785 | 1,246,327 | |
EnerSys (a)(d) | 109,128 | 3,664,518 | |
Espey Manufacturing & Electronics Corp. | 2,487 | 60,782 | |
Franklin Electric Co., Inc. | 53,361 | 2,668,584 | |
FuelCell Energy, Inc. (a)(d) | 272,108 | 405,441 | |
Generac Holdings, Inc. (a) | 65,375 | 1,663,140 | |
General Cable Corp. (a)(d) | 121,987 | 3,777,937 | |
Global Power Equipment Group, Inc. (a) | 37,928 | 919,754 | |
GrafTech International Ltd. (a)(d) | 321,667 | 4,088,388 | |
Hoku Corp. (a)(d) | 35,507 | 27,056 | |
Hubbell, Inc. Class B | 120,136 | 9,036,630 | |
II-VI, Inc. (a)(d) | 108,138 | 2,529,348 | |
Lime Energy Co. (a) | 31,271 | 100,380 | |
LSI Industries, Inc. | 44,151 | 305,083 | |
MagneTek, Inc. (a) | 6,645 | 91,302 | |
Nexxus Lighting, Inc. (a) | 32,997 | 36,627 | |
Ocean Power Technologies, Inc. (a)(d) | 24,836 | 83,201 | |
Orion Energy Systems, Inc. (a) | 65,072 | 156,173 | |
Plug Power, Inc. (a)(d) | 31,776 | 70,543 | |
Polypore International, Inc. (a)(d) | 89,089 | 3,663,340 | |
Powell Industries, Inc. (a) | 28,189 | 924,317 | |
PowerSecure International, Inc. (a) | 41,535 | 248,795 | |
Preformed Line Products Co. | 7,217 | 476,827 | |
| |||
Shares | Value | ||
Regal-Beloit Corp. (d) | 80,740 | $ 5,449,950 | |
Satcon Technology Corp. (a)(d) | 233,919 | 116,960 | |
SL Industries, Inc. (a) | 7,123 | 122,872 | |
Thermon Group Holdings, Inc. | 28,774 | 579,508 | |
Thomas & Betts Corp. (a) | 112,043 | 8,092,866 | |
Ultralife Corp. (a) | 43,594 | 214,918 | |
Universal Security Instruments, Inc. (a) | 4,000 | 22,400 | |
Valence Technology, Inc. (a)(d) | 182,149 | 169,399 | |
Vicor Corp. | 52,357 | 425,139 | |
Westinghouse Solar, Inc. (a)(d) | 8,750 | 4,813 | |
Zbb Energy Corp. (a)(d) | 44,500 | 30,705 | |
| 92,814,666 | ||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 148,655 | 7,254,364 | |
Raven Industries, Inc. | 37,521 | 2,365,699 | |
Seaboard Corp. (a)(d) | 785 | 1,501,799 | |
Standex International Corp. | 30,898 | 1,180,613 | |
| 12,302,475 | ||
Machinery - 4.0% | |||
Accuride Corp. (a) | 109,296 | 868,903 | |
Actuant Corp. Class A (d) | 142,296 | 4,008,478 | |
Adept Technology, Inc. (a) | 1,291 | 5,229 | |
AGCO Corp. (a) | 211,095 | 10,898,835 | |
Alamo Group, Inc. | 22,876 | 614,678 | |
Albany International Corp. Class A | 56,075 | 1,341,314 | |
Altra Holdings, Inc. (a)(d) | 56,063 | 1,092,668 | |
American Railcar Industries, Inc. (a)(d) | 20,486 | 604,337 | |
Ampco-Pittsburgh Corp. | 17,211 | 365,045 | |
Art's-Way Manufacturing Co., Inc. | 9,831 | 75,994 | |
Astec Industries, Inc. (a)(d) | 47,858 | 1,816,211 | |
Baldwin Technology Co., Inc. Class A (a) | 3,555 | 3,164 | |
Barnes Group, Inc. | 99,599 | 2,758,892 | |
Blount International, Inc. (a) | 108,737 | 1,864,840 | |
Briggs & Stratton Corp. (d) | 103,058 | 1,745,803 | |
Cascade Corp. | 20,962 | 1,116,017 | |
Chart Industries, Inc. (a)(d) | 70,003 | 4,787,505 | |
Chicago Rivet & Machine Co. | 772 | 14,961 | |
CIRCOR International, Inc. (d) | 43,123 | 1,427,803 | |
CLARCOR, Inc. (d) | 105,121 | 5,305,457 | |
Colfax Corp. (a) | 97,309 | 3,310,452 | |
Columbus McKinnon Corp. (NY Shares) (a) | 62,931 | 1,047,801 | |
Commercial Vehicle Group, Inc. (a) | 53,243 | 643,708 | |
Crane Co. | 105,218 | 5,110,438 | |
Donaldson Co., Inc. | 156,067 | 11,460,000 | |
Douglas Dynamics, Inc. | 51,117 | 664,521 | |
Dynamic Materials Corp. | 26,712 | 595,945 | |
Eastern Co. | 9,447 | 181,382 | |
Energy Recovery, Inc. (a)(d) | 100,626 | 216,346 | |
EnPro Industries, Inc. (a)(d) | 56,814 | 2,148,137 | |
ESCO Technologies, Inc. | 59,391 | 2,125,604 | |
Federal Signal Corp. (a)(d) | 171,898 | 807,921 | |
Flow International Corp. (a)(d) | 102,629 | 410,516 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
FreightCar America, Inc. | 44,428 | $ 1,228,434 | |
Gardner Denver, Inc. | 120,907 | 8,303,893 | |
Gorman-Rupp Co. | 37,881 | 1,093,624 | |
Graco, Inc. | 127,950 | 6,548,481 | |
Graham Corp. | 20,873 | 486,967 | |
Greenbrier Companies, Inc. (a)(d) | 47,797 | 1,208,308 | |
Hardinge, Inc. | 25,807 | 253,683 | |
Harsco Corp. | 178,657 | 3,971,545 | |
Hurco Companies, Inc. (a) | 13,162 | 313,650 | |
IDEX Corp. | 176,029 | 7,358,012 | |
ITT Corp. | 210,000 | 5,239,500 | |
John Bean Technologies Corp. | 58,324 | 1,007,255 | |
Kadant, Inc. (a) | 25,872 | 565,044 | |
Kaydon Corp. | 86,633 | 3,259,133 | |
Kennametal, Inc. | 183,562 | 8,456,701 | |
Key Technology, Inc. (a) | 12,346 | 171,362 | |
L.B. Foster Co. Class A | 22,446 | 661,035 | |
Lincoln Electric Holdings, Inc. (d) | 187,320 | 8,652,311 | |
Lindsay Corp. | 25,795 | 1,691,894 | |
Lydall, Inc. (a) | 38,154 | 347,583 | |
Manitex International, Inc. (a) | 25,247 | 166,125 | |
Manitowoc Co., Inc. (d) | 333,099 | 5,242,978 | |
Meritor, Inc. (a) | 237,010 | 1,756,244 | |
Met-Pro Corp. | 45,696 | 405,324 | |
MFRI, Inc. (a) | 13,428 | 109,035 | |
Middleby Corp. (a)(d) | 48,323 | 4,723,090 | |
Miller Industries, Inc. | 26,248 | 415,768 | |
Mueller Industries, Inc. | 78,612 | 3,616,152 | |
Mueller Water Products, Inc. Class A | 316,699 | 940,596 | |
NACCO Industries, Inc. Class A | 11,186 | 1,093,991 | |
Navistar International Corp. (a) | 153,098 | 6,396,434 | |
NN, Inc. (a)(d) | 36,484 | 326,167 | |
Nordson Corp. | 131,164 | 7,210,085 | |
Omega Flex, Inc. (a)(d) | 5,411 | 85,331 | |
Oshkosh Truck Corp. (a) | 223,740 | 5,215,379 | |
Pentair, Inc. (d) | 223,579 | 8,607,792 | |
PMFG, Inc. (a)(d) | 42,899 | 703,973 | |
RBC Bearings, Inc. (a)(d) | 48,450 | 2,204,960 | |
Robbins & Myers, Inc. | 94,399 | 4,607,615 | |
Sauer-Danfoss, Inc. (a) | 30,572 | 1,655,168 | |
SPX Corp. | 108,456 | 7,932,472 | |
Sun Hydraulics Corp. | 43,492 | 1,429,147 | |
Taylor Devices, Inc. (a) | 3,820 | 40,721 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 42,740 | 196,177 | |
Tennant Co. | 40,266 | 1,652,517 | |
Terex Corp. (a) | 234,056 | 5,942,682 | |
The L.S. Starrett Co. Class A | 14,574 | 182,904 | |
Timken Co. | 185,798 | 9,735,815 | |
Titan International, Inc. (d) | 84,495 | 2,081,957 | |
Toro Co. | 76,257 | 5,165,649 | |
| |||
Shares | Value | ||
TriMas Corp. (a)(d) | 72,342 | $ 1,752,847 | |
Trinity Industries, Inc. (d) | 165,896 | 5,766,545 | |
Twin Disc, Inc. (d) | 18,379 | 587,393 | |
Valmont Industries, Inc. | 46,892 | 5,208,294 | |
Wabash National Corp. (a)(d) | 172,087 | 1,817,239 | |
WABCO Holdings, Inc. (a) | 142,010 | 8,448,175 | |
Wabtec Corp. | 105,918 | 7,915,252 | |
Watts Water Technologies, Inc. Class A | 62,379 | 2,466,466 | |
Woodward, Inc. | 131,467 | 5,754,311 | |
WSI Industries, Inc. | 5,668 | 29,190 | |
| 259,845,280 | ||
Marine - 0.2% | |||
Alexander & Baldwin, Inc. | 93,131 | 4,322,210 | |
Baltic Trading Ltd. | 48,719 | 223,133 | |
Eagle Bulk Shipping, Inc. (a)(d) | 132,519 | 212,030 | |
Genco Shipping & Trading Ltd. (a)(d) | 62,443 | 427,735 | |
International Shipholding Corp. | 21,521 | 462,702 | |
Kirby Corp. (a)(d) | 120,903 | 8,296,364 | |
Rand Logistics, Inc. (a) | 22,234 | 191,879 | |
| 14,136,053 | ||
Professional Services - 1.3% | |||
Acacia Research Corp. - Acacia Technologies (a)(d) | 89,557 | 3,537,502 | |
Advisory Board Co. (a)(d) | 44,776 | 3,624,169 | |
Barrett Business Services, Inc. | 16,947 | 288,438 | |
CBIZ, Inc. (a)(d) | 95,075 | 617,988 | |
CDI Corp. | 25,347 | 380,458 | |
Corporate Executive Board Co. | 69,514 | 2,880,660 | |
CoStar Group, Inc. (a)(d) | 52,561 | 3,152,609 | |
CRA International, Inc. (a) | 21,805 | 519,177 | |
CTPartners Executive Search, Inc. (a) | 10,063 | 69,837 | |
Dolan Co. (a) | 69,097 | 620,491 | |
Exponent, Inc. (a) | 30,002 | 1,446,696 | |
Franklin Covey Co. (a)(d) | 30,881 | 271,753 | |
FTI Consulting, Inc. (a)(d) | 106,138 | 4,252,950 | |
GP Strategies Corp. (a)(d) | 31,405 | 491,802 | |
Heidrick & Struggles International, Inc. (d) | 35,769 | 726,826 | |
Hill International, Inc. (a) | 55,004 | 294,821 | |
Hudson Highland Group, Inc. (a) | 63,602 | 284,301 | |
Huron Consulting Group, Inc. (a) | 45,521 | 1,737,992 | |
ICF International, Inc. (a) | 38,479 | 997,760 | |
IHS, Inc. Class A (a)(d) | 102,340 | 9,678,294 | |
Innovaro, Inc. (a)(d) | 10,333 | 7,751 | |
Insperity, Inc. | 47,827 | 1,441,028 | |
Kelly Services, Inc. Class A (non-vtg.) | 60,489 | 907,335 | |
Kforce, Inc. (a) | 97,526 | 1,375,117 | |
Korn/Ferry International (a) | 96,434 | 1,540,051 | |
Lightbridge Corp. (a)(d) | 22,248 | 65,187 | |
Luna Innovations, Inc. (a) | 26,569 | 47,027 | |
Manpower, Inc. | 181,308 | 7,808,936 | |
Mastech Holdings, Inc. (a) | 2,512 | 13,339 | |
MISTRAS Group, Inc. (a) | 33,597 | 752,573 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
National Technical Systems, Inc. (a) | 1,200 | $ 6,180 | |
Navigant Consulting, Inc. (a)(d) | 103,551 | 1,398,974 | |
Nielsen Holdings B.V. (a) | 182,704 | 5,387,941 | |
Odyssey Marine Exploration, Inc. (a)(d) | 151,557 | 462,249 | |
On Assignment, Inc. (a)(d) | 74,694 | 1,036,753 | |
Pendrell Corp. (a)(d) | 385,235 | 932,269 | |
RCM Technologies, Inc. (a) | 22,706 | 122,839 | |
Resources Connection, Inc. | 95,261 | 1,245,061 | |
RPX Corp. | 34,916 | 588,335 | |
Spherix, Inc. (a) | 529 | 428 | |
TeamStaff, Inc. (a) | 2,300 | 4,692 | |
Towers Watson & Co. | 128,114 | 8,191,609 | |
TrueBlue, Inc. (a) | 90,684 | 1,501,727 | |
Verisk Analytics, Inc. (a) | 298,002 | 12,963,087 | |
VSE Corp. | 9,167 | 223,950 | |
| 83,898,962 | ||
Road & Rail - 1.3% | |||
AMERCO | 13,891 | 1,446,609 | |
Arkansas Best Corp. | 60,483 | 1,076,597 | |
Avis Budget Group, Inc. (a) | 275,343 | 3,551,925 | |
Celadon Group, Inc. | 50,144 | 740,125 | |
Con-way, Inc. | 113,856 | 3,364,445 | |
Covenant Transport Group, Inc. | 20,231 | 65,751 | |
Dollar Thrifty Automotive Group, Inc. (a) | 72,155 | 5,477,286 | |
Frozen Food Express Industries, Inc. (a) | 33,709 | 40,788 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 85,031 | 5,052,542 | |
Heartland Express, Inc. (d) | 161,117 | 2,331,363 | |
Hertz Global Holdings, Inc. (a) | 499,743 | 7,146,325 | |
J.B. Hunt Transport Services, Inc. | 211,248 | 10,818,010 | |
Kansas City Southern (a)(d) | 252,177 | 17,546,476 | |
Knight Transportation, Inc. | 147,277 | 2,522,855 | |
Landstar System, Inc. | 116,498 | 6,297,882 | |
Marten Transport Ltd. | 46,104 | 962,190 | |
Old Dominion Freight Lines, Inc. (a)(d) | 118,951 | 5,175,558 | |
P.A.M. Transportation Services, Inc. (a) | 12,026 | 138,058 | |
Patriot Transportation Holding, Inc. (a) | 15,144 | 340,740 | |
Quality Distribution, Inc. (a) | 39,452 | 513,271 | |
RailAmerica, Inc. (a) | 52,514 | 1,081,788 | |
Roadrunner Transportation Systems, Inc. (a) | 22,643 | 404,178 | |
Saia, Inc. (a) | 33,104 | 539,926 | |
Swift Transporation Co. (a) | 146,022 | 1,711,378 | |
Universal Truckload Services, Inc. | 12,809 | 199,692 | |
USA Truck, Inc. (a) | 17,441 | 142,667 | |
Werner Enterprises, Inc. | 106,019 | 2,567,780 | |
YRC Worldwide, Inc. (a)(d) | 16,089 | 147,053 | |
Zipcar, Inc. (a)(d) | 55,344 | 720,025 | |
| 82,123,283 | ||
Trading Companies & Distributors - 0.8% | |||
Aceto Corp. | 69,108 | 572,905 | |
| |||
Shares | Value | ||
Air Lease Corp. Class A (d) | 152,688 | $ 3,754,598 | |
Aircastle Ltd. | 107,319 | 1,460,612 | |
Applied Industrial Technologies, Inc. | 80,244 | 3,223,401 | |
Beacon Roofing Supply, Inc. (a) | 98,166 | 2,314,754 | |
BlueLinx Corp. (a) | 32,060 | 75,020 | |
CAI International, Inc. (a)(d) | 32,496 | 654,794 | |
DXP Enterprises, Inc. (a) | 26,651 | 986,087 | |
Essex Rental Corp. (a)(d) | 20,996 | 77,895 | |
GATX Corp. | 101,809 | 4,427,673 | |
H&E Equipment Services, Inc. (a)(d) | 60,666 | 1,048,915 | |
Houston Wire & Cable Co. | 36,511 | 518,456 | |
Interline Brands, Inc. (a) | 78,135 | 1,606,456 | |
Kaman Corp. | 54,234 | 1,870,531 | |
Lawson Products, Inc. | 23,255 | 379,289 | |
MSC Industrial Direct Co., Inc. Class A | 96,815 | 7,688,079 | |
RSC Holdings, Inc. (a) | 126,965 | 2,827,511 | |
Rush Enterprises, Inc. Class A (a)(d) | 68,991 | 1,643,366 | |
TAL International Group, Inc. | 45,877 | 1,653,407 | |
Textainer Group Holdings Ltd. | 56,095 | 1,863,476 | |
Titan Machinery, Inc. (a) | 34,326 | 898,998 | |
Transcat, Inc. (a) | 2,018 | 23,611 | |
United Rentals, Inc. (a)(d) | 129,966 | 5,416,983 | |
Watsco, Inc. | 54,113 | 3,863,127 | |
WESCO International, Inc. (a)(d) | 90,583 | 5,696,765 | |
Willis Lease Finance Corp. (a) | 16,932 | 245,006 | |
| 54,791,715 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 42,231 | 621,218 | |
TOTAL INDUSTRIALS | 946,279,602 | ||
INFORMATION TECHNOLOGY - 15.7% | |||
Communications Equipment - 1.5% | |||
Acme Packet, Inc. (a)(d) | 116,600 | 3,553,968 | |
ADTRAN, Inc. (d) | 134,261 | 4,732,700 | |
Alliance Fiber Optic Products, Inc. (a)(d) | 9,905 | 91,819 | |
Ambient Corp. (a) | 4,086 | 19,613 | |
American Electric Technologies, Inc. (a) | 1,200 | 5,700 | |
Anaren, Inc. (a) | 53,781 | 943,319 | |
Arris Group, Inc. (a) | 255,054 | 2,905,065 | |
Aruba Networks, Inc. (a)(d) | 214,522 | 4,631,530 | |
Aviat Networks, Inc. (a) | 125,073 | 328,942 | |
Aware, Inc. (a) | 1,100 | 4,829 | |
Bel Fuse, Inc. Class B (non-vtg.) | 23,302 | 407,319 | |
Black Box Corp. | 44,750 | 1,204,670 | |
Brocade Communications Systems, Inc. (a) | 972,340 | 5,620,125 | |
CalAmp Corp. (a) | 65,195 | 280,339 | |
Calix Networks, Inc. (a) | 75,213 | 679,926 | |
Ciena Corp. (a) | 233,651 | 3,486,073 | |
ClearOne Communications, Inc. (a) | 5,738 | 26,280 | |
Communications Systems, Inc. | 6,410 | 93,330 | |
Comtech Telecommunications Corp. (d) | 71,406 | 2,304,272 | |
Comverse Technology, Inc. (a) | 417,759 | 2,682,013 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Dialogic, Inc. (a)(d) | 41,259 | $ 34,233 | |
Digi International, Inc. (a)(d) | 59,093 | 664,205 | |
Ditech Networks, Inc. (a) | 31,199 | 27,770 | |
EchoStar Holding Corp. Class A (a) | 111,481 | 3,341,086 | |
EMCORE Corp. (a)(d) | 50,257 | 218,115 | |
Emulex Corp. (a) | 180,262 | 1,885,541 | |
Entrada Networks, Inc. (a) | 292 | 0 | |
Extreme Networks, Inc. (a) | 291,313 | 1,074,945 | |
Finisar Corp. (a)(d) | 187,394 | 3,802,224 | |
Globecomm Systems, Inc. (a)(d) | 45,031 | 652,499 | |
Harmonic, Inc. (a) | 282,298 | 1,662,735 | |
Infinera Corp. (a)(d) | 217,526 | 1,731,507 | |
InterDigital, Inc. (d) | 112,611 | 4,262,326 | |
Ixia (a)(d) | 101,044 | 1,396,428 | |
KVH Industries, Inc. (a)(d) | 38,479 | 351,698 | |
Lantronix, Inc. (a) | 2,994 | 8,832 | |
Loral Space & Communications Ltd. (a) | 31,060 | 2,212,714 | |
Meru Networks, Inc. (a)(d) | 34,816 | 164,332 | |
NETGEAR, Inc. (a)(d) | 77,718 | 2,919,865 | |
Network Engines, Inc. (a) | 84,070 | 119,379 | |
Network Equipment Technologies, Inc. (a)(d) | 65,892 | 47,508 | |
NumereX Corp. Class A (a)(d) | 15,136 | 147,273 | |
Oclaro, Inc. (a)(d) | 149,825 | 647,244 | |
Oplink Communications, Inc. (a) | 41,842 | 686,627 | |
Opnext, Inc. (a) | 103,950 | 104,990 | |
Optical Cable Corp. | 11,466 | 40,131 | |
ORBCOMM, Inc. (a)(d) | 76,335 | 246,562 | |
Parkervision, Inc. (a)(d) | 112,100 | 92,819 | |
PC-Tel, Inc. | 41,380 | 304,143 | |
Performance Technologies, Inc. (a) | 4,304 | 8,651 | |
Plantronics, Inc. | 121,706 | 4,539,634 | |
Polycom, Inc. (a) | 422,009 | 8,714,486 | |
Powerwave Technologies, Inc. (a)(d) | 62,771 | 89,135 | |
Procera Networks, Inc. (a) | 62,350 | 1,213,331 | |
Relm Wireless Corp. (a) | 22,872 | 29,505 | |
Riverbed Technology, Inc. (a)(d) | 370,932 | 10,560,434 | |
ShoreTel, Inc. (a)(d) | 46,585 | 250,161 | |
Sonus Networks, Inc. (a)(d) | 434,232 | 1,267,957 | |
Sycamore Networks, Inc. (a) | 42,692 | 788,521 | |
Symmetricom, Inc. (a) | 84,462 | 495,792 | |
Technical Communications Corp. | 2,835 | 28,889 | |
Tellabs, Inc. | 876,094 | 3,469,332 | |
Telular Corp. | 31,267 | 235,128 | |
Tessco Technologies, Inc. | 12,027 | 220,335 | |
TII Industries, Inc. (a) | 52,081 | 85,413 | |
Ubiquiti Networks, Inc. (d) | 18,442 | 484,656 | |
UTStarcom Holdings Corp. (a) | 269,059 | 376,683 | |
ViaSat, Inc. (a)(d) | 94,161 | 4,343,647 | |
Westell Technologies, Inc. Class A (a)(d) | 123,763 | 283,417 | |
| |||
Shares | Value | ||
Zhone Technologies, Inc. (a) | 52,950 | $ 63,540 | |
Zoom Technologies, Inc. (a)(d) | 16,744 | 20,930 | |
| 100,419,140 | ||
Computers & Peripherals - 1.0% | |||
3D Systems Corp. (a)(d) | 115,409 | 2,585,162 | |
Avid Technology, Inc. (a)(d) | 59,724 | 636,061 | |
Concurrent Computer Corp. (a) | 10,743 | 39,964 | |
Cray, Inc. (a) | 102,517 | 817,060 | |
Crossroads Systems, Inc. (a) | 4,003 | 22,017 | |
Datalink Corp. (a) | 27,110 | 230,706 | |
Dataram Corp. (a) | 23,649 | 18,683 | |
Diebold, Inc. | 155,786 | 6,095,906 | |
Dot Hill Systems Corp. (a)(d) | 105,073 | 146,051 | |
Electronics for Imaging, Inc. (a) | 98,666 | 1,574,709 | |
Fusion-io, Inc. (d) | 50,214 | 1,370,842 | |
Hauppauge Digital, Inc. (a) | 28,370 | 36,597 | |
Hutchinson Technology, Inc. (a)(d) | 81,684 | 177,254 | |
iGO, Inc. (a)(d) | 68,990 | 48,293 | |
Imation Corp. (a) | 71,887 | 449,294 | |
Immersion Corp. (a) | 59,376 | 385,350 | |
Intermec, Inc. (a)(d) | 127,048 | 950,319 | |
Interphase Corp. (a) | 11,825 | 58,534 | |
Intevac, Inc. (a)(d) | 55,110 | 435,369 | |
NCR Corp. (a) | 377,523 | 8,199,800 | |
Novatel Wireless, Inc. (a) | 94,259 | 323,308 | |
OCZ Technology Group, Inc. (a)(d) | 100,961 | 867,255 | |
Overland Storage, Inc. (a) | 39,227 | 90,614 | |
Presstek, Inc. (a) | 42,003 | 25,622 | |
QLogic Corp. (a)(d) | 218,035 | 3,748,022 | |
Qualstar Corp. (a) | 6,660 | 12,321 | |
Quantum Corp. (a) | 645,337 | 1,697,236 | |
Rimage Corp. | 26,174 | 286,605 | |
Seagate Technology | 930,000 | 24,421,800 | |
Silicon Graphics International Corp. (a)(d) | 63,117 | 611,604 | |
STEC, Inc. (a)(d) | 87,553 | 848,389 | |
Stratasys, Inc. (a)(d) | 42,042 | 1,548,827 | |
Super Micro Computer, Inc. (a)(d) | 56,365 | 932,277 | |
Synaptics, Inc. (a) | 70,726 | 2,599,181 | |
Transact Technologies, Inc. (a) | 18,832 | 126,928 | |
USA Technologies, Inc. (a)(d) | 79,221 | 80,805 | |
| 62,498,765 | ||
Electronic Equipment & Components - 2.2% | |||
ADDvantage Technologies Group, Inc. (a) | 11,928 | 25,884 | |
Advanced Photonix, Inc. Class A (a) | 41,087 | 31,226 | |
Aeroflex Holding Corp. (a) | 62,535 | 686,009 | |
Agilysys, Inc. (a)(d) | 40,517 | 326,162 | |
Anixter International, Inc. (a)(d) | 63,144 | 4,391,034 | |
Arrow Electronics, Inc. (a) | 243,188 | 9,763,998 | |
Avnet, Inc. (a) | 337,029 | 12,045,416 | |
AVX Corp. | 143,217 | 1,896,193 | |
Badger Meter, Inc. | 39,471 | 1,269,782 | |
Benchmark Electronics, Inc. (a) | 158,358 | 2,600,238 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Brightpoint, Inc. (a)(d) | 148,301 | $ 1,305,049 | |
Checkpoint Systems, Inc. (a) | 81,844 | 908,468 | |
Clearfield, Inc. (a) | 20,779 | 117,817 | |
Cognex Corp. | 78,649 | 3,353,593 | |
Coherent, Inc. (a)(d) | 55,747 | 3,092,844 | |
Comverge, Inc. (a)(d) | 54,584 | 75,326 | |
CTS Corp. | 70,681 | 703,276 | |
Daktronics, Inc. | 76,570 | 689,130 | |
DDi Corp. | 48,439 | 526,532 | |
Digital Ally, Inc. (a) | 38,320 | 21,459 | |
Document Security Systems, Inc. (a)(d) | 33,614 | 152,271 | |
Dolby Laboratories, Inc. Class A (a)(d) | 130,195 | 4,956,524 | |
DTS, Inc. (a)(d) | 34,766 | 976,229 | |
Dynasil Corp. of America (a) | 9,408 | 20,321 | |
Echelon Corp. (a)(d) | 68,729 | 338,147 | |
Electro Rent Corp. | 41,793 | 754,364 | |
Electro Scientific Industries, Inc. | 49,520 | 685,357 | |
eMagin Corp. (a) | 59,153 | 187,515 | |
Fabrinet (a) | 39,355 | 703,274 | |
FARO Technologies, Inc. (a)(d) | 39,078 | 2,167,266 | |
FEI Co. (a)(d) | 81,048 | 3,608,257 | |
Frequency Electronics, Inc. (a) | 12,396 | 100,284 | |
Giga-Tronics, Inc. (a) | 4,585 | 5,823 | |
GTSI Corp. (a) | 18,931 | 89,354 | |
I. D. Systems Inc. (a) | 33,896 | 208,799 | |
Identive Group, Inc. (a)(d) | 104,855 | 232,778 | |
IEC Electronics Corp. (a) | 18,101 | 86,342 | |
Image Sensing Systems, Inc. (a) | 2,863 | 18,982 | |
Ingram Micro, Inc. Class A (a) | 329,601 | 6,305,267 | |
Insight Enterprises, Inc. (a) | 117,199 | 2,449,459 | |
Intelli-Check, Inc. (a) | 25,728 | 23,155 | |
IPG Photonics Corp. (a)(d) | 70,608 | 3,716,099 | |
Iteris, Inc. (a) | 52,448 | 78,672 | |
Itron, Inc. (a)(d) | 84,392 | 3,748,693 | |
KEMET Corp. (a) | 88,236 | 795,006 | |
KEY Tronic Corp. (a) | 21,607 | 234,220 | |
LeCroy Corp. (a) | 33,143 | 303,590 | |
LGL Group, Inc. (a) | 3,009 | 25,396 | |
LightPath Technologies, Inc. Class A (a) | 1,150 | 2,047 | |
Littelfuse, Inc. | 46,783 | 2,476,224 | |
LoJack Corp. (a) | 47,516 | 174,859 | |
LRAD Corp. (a)(d) | 62,271 | 88,425 | |
Maxwell Technologies, Inc. (a)(d) | 78,927 | 1,435,682 | |
Measurement Specialties, Inc. (a)(d) | 28,594 | 929,877 | |
Mercury Computer Systems, Inc. (a)(d) | 59,976 | 861,855 | |
Mesa Laboratories, Inc. | 4,658 | 249,156 | |
Methode Electronics, Inc. Class A | 85,089 | 778,564 | |
Micronetics, Inc. (a) | 3,743 | 31,404 | |
MicroVision, Inc. (a)(d) | 38,531 | 124,455 | |
MOCON, Inc. | 6,908 | 118,818 | |
MTS Systems Corp. | 32,386 | 1,590,476 | |
| |||
Shares | Value | ||
Multi-Fineline Electronix, Inc. (a) | 21,997 | $ 579,841 | |
Napco Security Technolgies, Inc. (a) | 17,472 | 47,000 | |
National Instruments Corp. | 220,244 | 5,858,490 | |
NeoPhotonics Corp. | 37,763 | 201,277 | |
NetList, Inc. (a)(d) | 52,442 | 182,498 | |
Newport Corp. (a) | 77,293 | 1,292,339 | |
OSI Systems, Inc. (a) | 38,821 | 2,290,439 | |
Par Technology Corp. (a) | 27,309 | 140,368 | |
Park Electrochemical Corp. | 43,720 | 1,246,020 | |
PC Connection, Inc. | 44,665 | 399,305 | |
PC Mall, Inc. (a) | 16,427 | 99,383 | |
Perceptron, Inc. (a) | 25,360 | 154,950 | |
Planar Systems, Inc. (a)(d) | 44,024 | 90,249 | |
Plexus Corp. (a) | 84,283 | 2,924,620 | |
Power-One, Inc. (a)(d) | 142,864 | 620,030 | |
Pulse Electronics Corp. | 91,084 | 280,539 | |
RadiSys Corp. (a) | 64,186 | 480,753 | |
RealD, Inc. (a)(d) | 106,015 | 1,250,977 | |
Research Frontiers, Inc. (a)(d) | 33,274 | 116,459 | |
RF Industries Ltd. | 13,982 | 49,776 | |
RF Monolithics, Inc. (a) | 3,462 | 3,427 | |
Richardson Electronics Ltd. | 33,307 | 408,344 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 64,495 | 1,513,053 | |
Rogers Corp. (a) | 32,685 | 1,212,287 | |
Sanmina-SCI Corp. (a) | 222,638 | 2,582,601 | |
ScanSource, Inc. (a)(d) | 59,194 | 2,190,178 | |
Sigmatron International, Inc. (a) | 762 | 2,972 | |
Superconductor Technologies, Inc. (a)(d) | 131,677 | 130,360 | |
SYNNEX Corp. (a)(d) | 51,035 | 2,104,173 | |
Tech Data Corp. (a)(d) | 102,257 | 5,468,704 | |
Trimble Navigation Ltd. (a)(d) | 266,343 | 13,394,389 | |
TTM Technologies, Inc. (a)(d) | 113,407 | 1,327,996 | |
Uni-Pixel Inc. (a)(d) | 7,005 | 37,337 | |
Universal Display Corp. (a)(d) | 85,087 | 3,514,944 | |
Viasystems Group, Inc. (a)(d) | 9,833 | 182,107 | |
Vicon Industries, Inc. (a) | 18,575 | 65,384 | |
Vishay Intertechnology, Inc. (a) | 368,581 | 4,518,803 | |
Vishay Precision Group, Inc. (a) | 25,449 | 373,846 | |
Wireless Ronin Technologies, Inc. (a) | 6,055 | 5,450 | |
Wireless Telecom Group, Inc. (a) | 11,376 | 13,537 | |
X-Rite, Inc. (a)(d) | 61,803 | 279,968 | |
Zygo Corp. (a) | 33,130 | 635,433 | |
| 143,933,328 | ||
Internet Software & Services - 1.6% | |||
Active Network, Inc. | 25,000 | 400,000 | |
Ancestry.com, Inc. (a)(d) | 61,834 | 1,408,579 | |
Angie's List, Inc. (d) | 18,823 | 301,168 | |
AOL, Inc. (a)(d) | 252,527 | 4,535,385 | |
Autobytel, Inc. (a) | 94,879 | 92,033 | |
Bankrate, Inc. (d) | 94,638 | 2,256,170 | |
Carbonite, Inc. (d) | 13,662 | 132,385 | |
comScore, Inc. (a)(d) | 102,141 | 2,246,081 | |
Constant Contact, Inc. (a)(d) | 59,717 | 1,805,842 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Cornerstone OnDemand, Inc. | 50,351 | $ 1,044,280 | |
Crexendo, Inc. | 12,555 | 51,476 | |
DealerTrack Holdings, Inc. (a) | 83,885 | 2,336,197 | |
Demand Media, Inc. (a) | 71,346 | 489,434 | |
Dice Holdings, Inc. (a)(d) | 105,899 | 940,383 | |
Digital River, Inc. (a)(d) | 82,089 | 1,448,871 | |
EarthLink, Inc. | 265,160 | 1,980,745 | |
EasyLink Services International Corp. (a) | 70,918 | 331,187 | |
EDGAR Online, Inc. (a) | 50,000 | 37,500 | |
eGain Communications Corp. (a) | 29,357 | 152,950 | |
Equinix, Inc. (a)(d) | 105,426 | 14,778,617 | |
FriendFinder Networks, Inc. (a)(d) | 48,445 | 98,828 | |
Globalscape, Inc. (a) | 4,000 | 8,120 | |
GlowPoint, Inc. (a) | 49,485 | 146,476 | |
IAC/InterActiveCorp | 162,000 | 7,387,200 | |
InfoSpace, Inc. (a) | 94,187 | 1,093,511 | |
Internap Network Services Corp. (a)(d) | 107,514 | 804,205 | |
Internet Media Services, Inc. (a) | 7,375 | 664 | |
Internet Patents Corp. | 283 | 2,278 | |
IntraLinks Holdings, Inc. (a) | 152,382 | 896,006 | |
Inuvo, Inc. (a) | 12,036 | 10,832 | |
iPass, Inc. (a) | 111,360 | 240,538 | |
j2 Global, Inc. (d) | 116,398 | 3,441,889 | |
Keynote Systems, Inc. | 36,547 | 726,920 | |
KIT Digital, Inc. (a)(d) | 94,296 | 953,333 | |
Limelight Networks, Inc. (a)(d) | 135,298 | 508,720 | |
LinkedIn Corp. (a)(d) | 34,610 | 3,006,571 | |
Liquidity Services, Inc. (a)(d) | 51,451 | 2,225,256 | |
LivePerson, Inc. (a)(d) | 99,584 | 1,501,727 | |
Local.com Corp. (a)(d) | 49,826 | 118,586 | |
LogMeIn, Inc. (a)(d) | 44,733 | 1,648,858 | |
LookSmart Ltd. (a) | 40,635 | 57,295 | |
LoopNet, Inc. (a) | 89,472 | 1,646,285 | |
Marchex, Inc. Class B | 52,192 | 223,904 | |
Market Leader, Inc. (a) | 15,483 | 51,713 | |
Monster Worldwide, Inc. (a)(d) | 256,447 | 1,779,742 | |
Move, Inc. (a) | 78,204 | 685,067 | |
NIC, Inc. | 130,477 | 1,577,467 | |
Onstream Media Corp. (a) | 16,789 | 10,073 | |
Onvia.com, Inc. (a)(d) | 1,133 | 4,645 | |
OpenTable, Inc. (a)(d) | 48,875 | 2,370,438 | |
Openwave Systems, Inc. (a)(d) | 210,780 | 510,088 | |
Perficient, Inc. (a) | 61,052 | 737,508 | |
quepasa.com, Inc. (a)(d) | 52,817 | 208,099 | |
QuinStreet, Inc. (a)(d) | 73,086 | 763,749 | |
Rackspace Hosting, Inc. (a)(d) | 235,000 | 12,276,400 | |
RealNetworks, Inc. | 58,905 | 597,886 | |
Reis, Inc. (a) | 12,850 | 130,942 | |
Responsys, Inc. | 38,640 | 466,385 | |
Saba Software, Inc. (a) | 73,699 | 863,752 | |
SciQuest, Inc. (a) | 44,604 | 671,290 | |
| |||
Shares | Value | ||
Selectica, Inc. (a) | 2,268 | $ 10,433 | |
Spark Networks, Inc. (a) | 5,759 | 25,916 | |
SPS Commerce, Inc. (a) | 16,555 | 411,392 | |
Stamps.com, Inc. (a)(d) | 24,970 | 645,475 | |
Support.com, Inc. (a) | 144,855 | 478,022 | |
Synacor, Inc. | 14,627 | 71,380 | |
TechTarget, Inc. (a) | 27,794 | 191,779 | |
TheStreet.com, Inc. | 58,323 | 107,314 | |
Travelzoo, Inc. (a)(d) | 13,347 | 339,014 | |
United Online, Inc. | 183,141 | 926,693 | |
ValueClick, Inc. (a)(d) | 173,772 | 3,614,458 | |
Vertro, Inc. | 14,264 | 19,970 | |
VistaPrint Ltd. (a)(d) | 84,760 | 3,448,037 | |
Vocus, Inc. (a)(d) | 40,038 | 541,714 | |
Web.com, Inc. (a) | 54,104 | 716,337 | |
WebMD Health Corp. (a)(d) | 125,513 | 3,118,998 | |
WebMediaBrands, Inc. (a) | 31,939 | 21,719 | |
World Energy Solutions, Inc. (a) | 1,365 | 6,661 | |
XO Group, Inc. (a)(d) | 65,794 | 594,778 | |
Zillow, Inc. (a) | 7,673 | 244,922 | |
Zix Corp. (a) | 168,463 | 493,597 | |
| 103,251,138 | ||
IT Services - 2.0% | |||
Acxiom Corp. (a) | 165,489 | 2,323,466 | |
Alliance Data Systems Corp. (a)(d) | 119,383 | 14,488,321 | |
Analysts International Corp. (a) | 4,541 | 25,339 | |
Booz Allen Hamilton Holding Corp. | 47,885 | 881,563 | |
Broadridge Financial Solutions, Inc. | 260,289 | 6,335,434 | |
CACI International, Inc. Class A (a)(d) | 62,437 | 3,692,524 | |
Cardtronics, Inc. (a) | 87,852 | 2,335,985 | |
Cass Information Systems, Inc. | 21,038 | 809,753 | |
Ciber, Inc. (a) | 130,559 | 571,848 | |
Computer Task Group, Inc. (a)(d) | 35,213 | 517,983 | |
Convergys Corp. (a)(d) | 249,199 | 3,209,683 | |
CoreLogic, Inc. (a) | 241,426 | 3,713,132 | |
CSG Systems International, Inc. (a)(d) | 78,983 | 1,264,518 | |
CSP, Inc. | 3,555 | 13,580 | |
DST Systems, Inc. | 76,200 | 4,038,600 | |
Dynamics Research Corp. (a)(d) | 21,990 | 200,549 | |
Echo Global Logistics, Inc. (a)(d) | 33,275 | 618,915 | |
Edgewater Technology, Inc. (a) | 11,761 | 43,986 | |
EPAM Systems, Inc. | 16,881 | 238,191 | |
Euronet Worldwide, Inc. (a)(d) | 99,272 | 1,914,957 | |
ExlService Holdings, Inc. (a) | 38,889 | 1,081,892 | |
FleetCor Technologies, Inc. (a) | 64,896 | 2,403,099 | |
Forrester Research, Inc. | 32,652 | 1,052,374 | |
Gartner, Inc. Class A (a)(d) | 204,414 | 8,229,708 | |
Genpact Ltd. (a) | 258,576 | 4,142,388 | |
Global Cash Access Holdings, Inc. (a)(d) | 91,007 | 505,999 | |
Global Payments, Inc. | 171,549 | 8,855,359 | |
Hackett Group, Inc. (a) | 91,055 | 438,885 | |
Heartland Payment Systems, Inc. | 77,033 | 2,181,575 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Higher One Holdings, Inc. (a)(d) | 67,348 | $ 990,016 | |
iGate Corp. (a) | 60,504 | 1,054,585 | |
Information Services Group, Inc. (a)(d) | 46,725 | 59,574 | |
Innodata Isogen, Inc. (a) | 57,252 | 328,054 | |
Jack Henry & Associates, Inc. | 200,771 | 6,774,014 | |
Lender Processing Services, Inc. | 196,169 | 4,323,565 | |
Lionbridge Technologies, Inc. (a) | 146,424 | 379,238 | |
ManTech International Corp. Class A | 44,878 | 1,505,208 | |
Mattersight Corp. (a) | 7,980 | 45,805 | |
Maximus, Inc. | 87,818 | 3,662,889 | |
ModusLink Global Solutions, Inc. | 97,556 | 542,411 | |
MoneyGram International, Inc. (a) | 27,762 | 497,495 | |
NCI, Inc. Class A (a)(d) | 22,152 | 159,494 | |
NeuStar, Inc. Class A (a)(d) | 155,646 | 5,455,392 | |
Newtek Business Services, Inc. (a) | 5,503 | 7,154 | |
Official Payments Holdings, Inc. (a) | 27,138 | 137,318 | |
Online Resources Corp. (a) | 46,607 | 139,821 | |
PFSweb, Inc. (a) | 57,508 | 161,022 | |
PRG-Schultz International, Inc. (a) | 41,837 | 233,450 | |
Rainmaker Systems, Inc. (a) | 15,480 | 10,991 | |
Sapient Corp. (d) | 223,100 | 2,786,519 | |
ServiceSource International, Inc. | 80,504 | 1,352,467 | |
StarTek, Inc. (a) | 22,269 | 45,206 | |
Storage Engine, Inc. (a) | 500 | 0 | |
Stream Global Services, Inc. (a)(d) | 78,136 | 239,878 | |
Syntel, Inc. | 35,000 | 1,792,000 | |
Teletech Holdings, Inc. (a) | 89,822 | 1,371,582 | |
The Management Network Group, Inc. (a) | 2,929 | 7,323 | |
TNS, Inc. (a) | 54,495 | 998,893 | |
TSR, Inc. (a) | 2,039 | 8,972 | |
Unisys Corp. (a) | 78,384 | 1,464,213 | |
VeriFone Systems, Inc. (a)(d) | 237,720 | 11,384,411 | |
Virtusa Corp. (a) | 37,447 | 585,297 | |
WidePoint Corp. (a) | 102,981 | 81,355 | |
WPCS International, Inc. (a) | 38,998 | 60,057 | |
Wright Express Corp. (a)(d) | 79,653 | 4,928,928 | |
| 129,704,203 | ||
Office Electronics - 0.1% | |||
Zebra Technologies Corp. Class A (a) | 119,030 | 4,575,513 | |
Semiconductors & Semiconductor Equipment - 3.2% | |||
Advanced Energy Industries, Inc. (a)(d) | 78,334 | 940,008 | |
AEHR Test Systems (a) | 9,000 | 7,200 | |
Aetrium, Inc. (a) | 6,743 | 5,732 | |
Amkor Technology, Inc. (a)(d) | 216,408 | 1,382,847 | |
Amtech Systems, Inc. (a) | 19,914 | 174,447 | |
ANADIGICS, Inc. (a) | 156,061 | 401,077 | |
Applied Micro Circuits Corp. (a)(d) | 232,408 | 1,575,726 | |
Atmel Corp. (a)(d) | 1,024,641 | 10,359,121 | |
ATMI, Inc. (a)(d) | 76,660 | 1,688,820 | |
AuthenTec, Inc. (a) | 68,075 | 238,263 | |
| |||
Shares | Value | ||
Axcelis Technologies, Inc. (a) | 209,208 | $ 347,285 | |
AXT, Inc. (a) | 91,754 | 525,750 | |
Brooks Automation, Inc. | 166,153 | 1,985,528 | |
BTU International, Inc. (a) | 13,926 | 41,082 | |
Cabot Microelectronics Corp. | 56,016 | 2,814,804 | |
Cascade Microtech, Inc. (a) | 15,468 | 59,397 | |
Cavium, Inc. (a)(d) | 100,852 | 3,603,442 | |
Ceva, Inc. (a)(d) | 47,618 | 1,173,784 | |
Cirrus Logic, Inc. (a)(d) | 136,722 | 3,223,905 | |
Cohu, Inc. | 53,812 | 603,771 | |
Cree, Inc. (a)(d) | 245,000 | 7,421,050 | |
CVD Equipment Corp. (a) | 8,902 | 102,462 | |
CyberOptics Corp. (a) | 9,297 | 87,857 | |
Cymer, Inc. (a)(d) | 58,494 | 2,689,554 | |
Cypress Semiconductor Corp. | 372,708 | 6,429,213 | |
DayStar Technologies, Inc. (a) | 26,144 | 6,667 | |
Diodes, Inc. (a)(d) | 70,667 | 1,755,368 | |
DSP Group, Inc. (a) | 46,628 | 297,953 | |
Entegris, Inc. (a) | 275,618 | 2,491,587 | |
Entropic Communications, Inc. (a)(d) | 169,805 | 1,046,848 | |
Exar Corp. (a)(d) | 95,781 | 670,467 | |
Fairchild Semiconductor International, Inc. (a)(d) | 263,581 | 3,845,647 | |
FormFactor, Inc. (a) | 110,045 | 562,330 | |
FSI International, Inc. (a)(d) | 90,047 | 358,387 | |
GSI Technology, Inc. (a) | 42,569 | 195,817 | |
GT Advanced Technologies, Inc. (a)(d) | 350,724 | 3,002,197 | |
Hittite Microwave Corp. (a)(d) | 72,727 | 4,158,530 | |
Ikanos Communications, Inc. (a) | 115,443 | 86,652 | |
Inphi Corp. (a) | 37,505 | 538,572 | |
Integrated Device Technology, Inc. (a)(d) | 335,484 | 2,318,194 | |
Integrated Silicon Solution, Inc. (a)(d) | 51,768 | 547,705 | |
International Rectifier Corp. (a)(d) | 157,945 | 3,545,865 | |
Intersil Corp. Class A | 256,774 | 2,906,682 | |
Intest Corp. (a) | 31,319 | 108,677 | |
IXYS Corp. (a)(d) | 59,965 | 715,382 | |
Kopin Corp. (a)(d) | 153,988 | 554,357 | |
Kulicke & Soffa Industries, Inc. (a) | 219,474 | 2,471,277 | |
Lam Research Corp. (a)(d) | 281,564 | 11,741,219 | |
Lattice Semiconductor Corp. (a) | 235,951 | 1,554,917 | |
LTX-Credence Corp. (a) | 104,147 | 702,992 | |
Marvell Technology Group Ltd. (a) | 1,155,333 | 17,329,995 | |
Mattson Technology, Inc. (a) | 118,451 | 325,740 | |
Maxim Integrated Products, Inc. | 673,430 | 18,781,963 | |
MaxLinear, Inc. Class A (a) | 25,661 | 141,136 | |
MEMC Electronic Materials, Inc. (a) | 482,663 | 1,896,866 | |
MEMSIC, Inc. (a) | 8,643 | 26,361 | |
Micrel, Inc. | 96,504 | 1,029,698 | |
Microsemi Corp. (a)(d) | 178,762 | 3,739,701 | |
Mindspeed Technologies, Inc. (a) | 64,454 | 419,596 | |
MIPS Technologies, Inc. (a)(d) | 104,835 | 603,850 | |
MKS Instruments, Inc. | 117,201 | 3,510,170 | |
Monolithic Power Systems, Inc. (a) | 82,168 | 1,527,503 | |
MoSys, Inc. (a)(d) | 60,959 | 232,863 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Nanometrics, Inc. (a)(d) | 41,017 | $ 719,848 | |
NVE Corp. (a)(d) | 11,458 | 613,003 | |
Omnivision Technologies, Inc. (a)(d) | 127,409 | 2,085,685 | |
ON Semiconductor Corp. (a) | 1,034,453 | 9,382,489 | |
PDF Solutions, Inc. (a) | 40,505 | 325,255 | |
Pericom Semiconductor Corp. (a) | 65,839 | 506,302 | |
Photronics, Inc. (a)(d) | 114,532 | 802,869 | |
Pixelworks, Inc. (a) | 35,295 | 84,002 | |
PLX Technology, Inc. (a)(d) | 81,321 | 285,437 | |
PMC-Sierra, Inc. (a) | 478,571 | 3,287,783 | |
Power Integrations, Inc. | 57,924 | 2,160,565 | |
QuickLogic Corp. (a)(d) | 76,504 | 198,910 | |
Rambus, Inc. (a)(d) | 228,253 | 1,616,031 | |
Ramtron International Corp. (a) | 65,988 | 125,377 | |
RF Micro Devices, Inc. (a)(d) | 573,446 | 2,735,337 | |
Rubicon Technology, Inc. (a)(d) | 35,909 | 322,104 | |
Rudolph Technologies, Inc. (a)(d) | 62,052 | 612,453 | |
Semtech Corp. (a)(d) | 136,520 | 3,919,489 | |
Sigma Designs, Inc. (a) | 62,892 | 361,629 | |
Silicon Image, Inc. (a) | 164,044 | 848,107 | |
Silicon Laboratories, Inc. (a)(d) | 91,886 | 4,116,493 | |
Skyworks Solutions, Inc. (a)(d) | 399,723 | 10,780,529 | |
Spansion, Inc. Class A (a) | 142,425 | 1,823,040 | |
Spire Corp. (a) | 200 | 240 | |
Standard Microsystems Corp. (a)(d) | 75,204 | 1,924,470 | |
STR Holdings, Inc. (a)(d) | 98,143 | 696,815 | |
SunPower Corp. (a)(d) | 91,055 | 685,644 | |
Supertex, Inc. (a)(d) | 23,977 | 442,615 | |
Tessera Technologies, Inc. (a) | 103,521 | 1,739,153 | |
TranSwitch Corp. (a)(d) | 48,274 | 136,615 | |
TriQuint Semiconductor, Inc. (a)(d) | 346,255 | 2,229,882 | |
Ultra Clean Holdings, Inc. (a) | 44,575 | 364,178 | |
Ultratech, Inc. (a) | 52,421 | 1,426,375 | |
Veeco Instruments, Inc. (a)(d) | 100,655 | 2,721,711 | |
Vitesse Semiconductor Corp. (a)(d) | 71,167 | 283,245 | |
Volterra Semiconductor Corp. (a)(d) | 52,784 | 1,622,052 | |
| 205,617,588 | ||
Software - 4.1% | |||
Accelrys, Inc. (a) | 120,176 | 954,197 | |
ACI Worldwide, Inc. (a)(d) | 94,719 | 3,578,484 | |
Activision Blizzard, Inc. (d) | 967,698 | 11,563,991 | |
Actuate Corp. (a) | 89,294 | 539,336 | |
Advent Software, Inc. (a)(d) | 65,312 | 1,680,478 | |
American Software, Inc. Class A | 48,522 | 403,218 | |
ANSYS, Inc. (a)(d) | 200,185 | 12,647,688 | |
Ariba, Inc. (a)(d) | 204,862 | 6,447,007 | |
Aspen Technology, Inc. (a)(d) | 198,217 | 4,075,342 | |
Astea International, Inc. (a) | 13,242 | 60,119 | |
Bitstream, Inc. Class A (a) | 3,682 | 19,846 | |
Blackbaud, Inc. | 88,516 | 2,792,680 | |
Bottomline Technologies, Inc. (a)(d) | 68,740 | 1,931,594 | |
| |||
Shares | Value | ||
BroadSoft, Inc. (a)(d) | 69,557 | $ 2,529,788 | |
BSQUARE Corp. (a) | 30,361 | 101,406 | |
Cadence Design Systems, Inc. (a)(d) | 569,040 | 6,697,601 | |
Callidus Software, Inc. (a)(d) | 65,801 | 487,585 | |
Cinedigm Digital Cinema Corp. (a) | 46,130 | 80,266 | |
CommVault Systems, Inc. (a)(d) | 97,486 | 5,027,353 | |
Compuware Corp. (a) | 458,000 | 4,126,580 | |
Concur Technologies, Inc. (a)(d) | 113,580 | 6,695,541 | |
Convio, Inc. (a)(d) | 21,892 | 342,829 | |
Datawatch Corp. (a) | 3,120 | 43,555 | |
Deltek, Inc. (a) | 63,814 | 703,868 | |
Digimarc Corp. (a) | 13,264 | 369,933 | |
Ebix, Inc. (d) | 70,033 | 1,631,769 | |
Ellie Mae, Inc. | 31,084 | 259,551 | |
EPIQ Systems, Inc. | 93,222 | 1,071,121 | |
ePlus, Inc. (a) | 9,557 | 306,015 | |
Evolving Systems, Inc. | 12,044 | 64,917 | |
FactSet Research Systems, Inc. | 89,399 | 7,813,473 | |
Fair Isaac Corp. | 100,578 | 4,071,397 | |
FalconStor Software, Inc. (a) | 86,450 | 246,383 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 290,793 | 7,865,951 | |
Glu Mobile, Inc. (a)(d) | 63,707 | 240,812 | |
GSE Systems, Inc. (a) | 33,148 | 62,318 | |
Guidance Software, Inc. (a) | 20,946 | 238,994 | |
Guidewire Software, Inc. | 16,113 | 364,476 | |
Imperva, Inc. | 9,739 | 360,830 | |
Informatica Corp. (a) | 228,562 | 11,236,108 | |
Interactive Intelligence Group, Inc. (a) | 39,218 | 1,098,104 | |
JDA Software Group, Inc. (a)(d) | 90,081 | 2,257,430 | |
Jive Software, Inc. (d) | 25,949 | 565,948 | |
Kenexa Corp. (a)(d) | 48,352 | 1,343,702 | |
Majesco Entertainment Co. (a)(d) | 152,851 | 380,599 | |
Manhattan Associates, Inc. (a)(d) | 59,488 | 2,757,864 | |
Mentor Graphics Corp. (a)(d) | 226,012 | 3,426,342 | |
MICROS Systems, Inc. (a)(d) | 184,532 | 9,582,747 | |
MicroStrategy, Inc. Class A (a)(d) | 21,893 | 2,968,472 | |
Mitek Systems, Inc. (a)(d) | 45,229 | 470,382 | |
Monotype Imaging Holdings, Inc. (a) | 66,621 | 934,693 | |
Motricity, Inc. (a)(d) | 112,960 | 150,237 | |
NetScout Systems, Inc. (a)(d) | 69,317 | 1,471,600 | |
NetSol Technologies, Inc. (a)(d) | 160,969 | 86,923 | |
NetSuite, Inc. (a) | 59,651 | 2,845,353 | |
Nuance Communications, Inc. (a)(d) | 499,415 | 12,944,837 | |
Opnet Technologies, Inc. | 42,621 | 1,216,830 | |
Parametric Technology Corp. (a) | 259,389 | 6,925,686 | |
Peerless Systems Corp. (a) | 15,698 | 61,065 | |
Pegasystems, Inc. | 31,869 | 894,882 | |
Pervasive Software, Inc. (a) | 25,547 | 153,537 | |
Progress Software Corp. (a)(d) | 170,826 | 3,961,455 | |
PROS Holdings, Inc. (a) | 42,032 | 736,821 | |
QAD, Inc. Class B | 24,367 | 335,046 | |
QLIK Technologies, Inc. (a) | 164,916 | 4,992,007 | |
Quest Software, Inc. (a) | 127,647 | 2,555,493 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
RealPage, Inc. (a) | 63,949 | $ 1,268,109 | |
Rosetta Stone, Inc. (a) | 28,088 | 253,635 | |
Rovi Corp. (a) | 251,044 | 8,907,041 | |
Scientific Learning Corp. (a) | 24,929 | 51,354 | |
SeaChange International, Inc. (a) | 69,895 | 478,082 | |
Smith Micro Software, Inc. (a) | 72,854 | 185,049 | |
SolarWinds, Inc. (a) | 128,753 | 4,797,337 | |
Solera Holdings, Inc. | 169,280 | 8,125,440 | |
Sonic Foundry, Inc. (a) | 1,571 | 11,578 | |
Sourcefire, Inc. (a)(d) | 63,636 | 2,864,893 | |
SRS Labs, Inc. (a) | 23,248 | 155,529 | |
SS&C Technologies Holdings, Inc. (a) | 63,267 | 1,310,892 | |
Synchronoss Technologies, Inc. (a)(d) | 71,953 | 2,407,547 | |
Synopsys, Inc. (a) | 343,996 | 10,481,558 | |
Take-Two Interactive Software, Inc. (a)(d) | 177,765 | 2,746,469 | |
Taleo Corp. Class A (a) | 83,810 | 3,840,174 | |
Tangoe, Inc. (a) | 74,630 | 1,398,566 | |
TeleCommunication Systems, Inc. | 110,511 | 296,169 | |
TeleNav, Inc. (a)(d) | 41,916 | 281,676 | |
THQ, Inc. (a)(d) | 139,201 | 75,169 | |
TIBCO Software, Inc. (a)(d) | 359,016 | 10,400,694 | |
TiVo, Inc. (a)(d) | 322,529 | 3,628,451 | |
Tyler Technologies, Inc. (a)(d) | 75,793 | 2,862,702 | |
Ultimate Software Group, Inc. (a)(d) | 65,694 | 4,586,755 | |
Vasco Data Security International, Inc. (a) | 64,183 | 580,214 | |
Verint Systems, Inc. (a) | 43,778 | 1,203,457 | |
Versant Corp. (a) | 12,238 | 127,030 | |
VirnetX Holding Corp. (a)(d) | 117,196 | 2,530,262 | |
VMware, Inc. Class A (a) | 143,416 | 14,182,408 | |
Wave Systems Corp. Class A (a)(d) | 172,796 | 347,320 | |
Websense, Inc. (a)(d) | 80,067 | 1,442,007 | |
Zynga, Inc. (d) | 216,360 | 2,849,461 | |
| 269,529,483 | ||
TOTAL INFORMATION TECHNOLOGY | 1,019,529,158 | ||
MATERIALS - 6.3% | |||
Chemicals - 3.0% | |||
A. Schulman, Inc. | 65,137 | 1,683,140 | |
ADA-ES, Inc. (a) | 29,045 | 652,641 | |
Albemarle Corp. | 203,316 | 13,524,580 | |
American Pacific Corp. (a) | 11,292 | 87,739 | |
American Vanguard Corp. | 65,053 | 1,074,676 | |
Ampal-American Israel Corp. | 23,445 | 7,034 | |
Arabian American Development Co. (a) | 29,678 | 235,347 | |
Ashland, Inc. | 152,375 | 9,684,955 | |
Balchem Corp. (d) | 69,438 | 1,892,186 | |
Cabot Corp. | 124,551 | 5,045,561 | |
| |||
Shares | Value | ||
Calgon Carbon Corp. (a)(d) | 115,042 | $ 1,738,285 | |
Celanese Corp. Class A | 346,948 | 16,504,316 | |
Cereplast, Inc. (a)(d) | 22,207 | 21,652 | |
Chase Corp. | 11,674 | 169,273 | |
Chemtura Corp. (a) | 220,132 | 3,416,449 | |
Clean Diesel Technologies, Inc. (a)(d) | 33,479 | 100,772 | |
Core Molding Technologies, Inc. (a) | 11,521 | 110,256 | |
Cytec Industries, Inc. | 103,748 | 6,168,856 | |
Ferro Corp. (a)(d) | 176,641 | 980,358 | |
Flotek Industries, Inc. (a)(d) | 116,606 | 1,304,821 | |
FutureFuel Corp. | 32,730 | 361,667 | |
Georgia Gulf Corp. (a) | 69,742 | 2,249,877 | |
GSE Holding, Inc. | 11,418 | 138,729 | |
H.B. Fuller Co. | 112,158 | 3,379,321 | |
Hawkins, Inc. | 17,707 | 686,146 | |
Huntsman Corp. | 425,747 | 5,815,704 | |
Innophos Holdings, Inc. | 44,680 | 2,250,978 | |
Intrepid Potash, Inc. (a)(d) | 143,302 | 3,624,108 | |
KMG Chemicals, Inc. | 16,501 | 286,292 | |
Koppers Holdings, Inc. | 42,068 | 1,583,019 | |
Kraton Performance Polymers, Inc. (a) | 66,091 | 1,836,669 | |
Kronos Worldwide, Inc. | 60,714 | 1,418,886 | |
Landec Corp. (a) | 84,086 | 529,742 | |
LSB Industries, Inc. (a) | 37,320 | 1,501,010 | |
LyondellBasell Industries NV Class A | 752,693 | 32,501,284 | |
Material Sciences Corp. (a) | 21,107 | 182,787 | |
Minerals Technologies, Inc. | 47,574 | 3,071,853 | |
Nanophase Technologies Corp. (a)(d) | 5,146 | 3,293 | |
NewMarket Corp. (d) | 23,199 | 4,232,194 | |
Olin Corp. | 148,501 | 3,122,976 | |
OM Group, Inc. (a) | 75,468 | 2,073,861 | |
OMNOVA Solutions, Inc. (a)(d) | 91,531 | 466,808 | |
Penford Corp. (a) | 27,329 | 157,415 | |
PolyOne Corp. | 192,213 | 2,581,421 | |
Quaker Chemical Corp. | 24,863 | 1,024,604 | |
Rockwood Holdings, Inc. (a) | 152,412 | 8,115,939 | |
RPM International, Inc. | 276,520 | 6,600,532 | |
Senomyx, Inc. (a)(d) | 108,140 | 370,920 | |
Sensient Technologies Corp. | 116,292 | 4,301,641 | |
Solutia, Inc. | 259,606 | 7,297,525 | |
Spartech Corp. (a) | 67,518 | 391,604 | |
Stepan Co. | 16,020 | 1,400,629 | |
The Scotts Miracle-Gro Co. Class A (d) | 91,000 | 4,262,440 | |
TOR Minerals International, Inc. (a) | 3,831 | 59,112 | |
TPC Group, Inc. (a) | 34,509 | 1,198,843 | |
Tredegar Corp. | 48,210 | 1,120,400 | |
Valhi, Inc. | 18,618 | 1,067,742 | |
Valspar Corp. | 207,434 | 9,614,566 | |
W.R. Grace & Co. (a) | 130,414 | 7,428,381 | |
Westlake Chemical Corp. (d) | 46,385 | 2,793,769 | |
Zep, Inc. | 44,069 | 668,527 | |
Zoltek Companies, Inc. (a)(d) | 60,096 | 726,561 | |
| 196,902,672 | ||
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. (d) | 89,764 | $ 2,816,794 | |
Headwaters, Inc. (a) | 123,195 | 374,513 | |
Martin Marietta Materials, Inc. | 97,493 | 8,371,724 | |
Texas Industries, Inc. (d) | 58,355 | 1,974,150 | |
U.S. Concrete, Inc. (a) | 25,199 | 105,836 | |
United States Lime & Minerals, Inc. (a) | 7,538 | 459,064 | |
| 14,102,081 | ||
Containers & Packaging - 0.9% | |||
AEP Industries, Inc. (a) | 13,400 | 467,526 | |
Aptargroup, Inc. | 148,309 | 7,827,749 | |
Boise, Inc. | 247,252 | 2,034,884 | |
Crown Holdings, Inc. (a) | 353,375 | 13,064,274 | |
Graphic Packaging Holding Co. (a) | 260,313 | 1,374,453 | |
Greif, Inc. Class A | 83,496 | 4,275,830 | |
MOD-PAC Corp. (sub. vtg.) (a) | 3,740 | 23,973 | |
Myers Industries, Inc. | 100,702 | 1,341,351 | |
Northern Technologies International Corp. (a) | 1,103 | 17,008 | |
Packaging Corp. of America | 238,810 | 7,078,328 | |
Rock-Tenn Co. Class A | 154,183 | 10,868,360 | |
Silgan Holdings, Inc. | 114,111 | 4,852,000 | |
Sonoco Products Co. | 211,458 | 6,944,281 | |
UFP Technologies, Inc. (a) | 15,846 | 278,414 | |
| 60,448,431 | ||
Metals & Mining - 1.7% | |||
A.M. Castle & Co. (a)(d) | 38,879 | 445,165 | |
AK Steel Holding Corp. (d) | 229,349 | 1,816,444 | |
Allied Nevada Gold Corp. (a)(d) | 192,193 | 6,613,361 | |
Amcol International Corp. | 58,468 | 1,714,866 | |
Carpenter Technology Corp. | 92,318 | 4,735,913 | |
Century Aluminum Co. (a)(d) | 132,753 | 1,302,307 | |
Coeur d'Alene Mines Corp. (a) | 186,991 | 5,318,024 | |
Commercial Metals Co. | 251,961 | 3,348,562 | |
Compass Minerals International, Inc. | 81,048 | 5,839,508 | |
Comstock Mining, Inc. (a)(d) | 32,178 | 65,000 | |
Friedman Industries | 13,655 | 142,695 | |
General Moly, Inc. (a)(d) | 202,841 | 732,256 | |
Globe Specialty Metals, Inc. | 115,739 | 1,645,809 | |
Golden Minerals Co. (a)(d) | 114,868 | 957,999 | |
Handy & Harman Ltd. (a) | 39,902 | 484,410 | |
Haynes International, Inc. | 25,877 | 1,637,755 | |
Hecla Mining Co. | 642,578 | 3,264,296 | |
Horsehead Holding Corp. (a) | 101,767 | 1,160,144 | |
Kaiser Aluminum Corp. | 34,968 | 1,690,353 | |
Materion Corp. (a) | 41,932 | 1,230,704 | |
McEwen Mining, Inc. (a)(d) | 421,089 | 2,202,295 | |
Metals USA Holdings Corp. (a) | 34,701 | 453,889 | |
Mines Management, Inc. (a)(d) | 69,165 | 139,022 | |
Molycorp, Inc. (a)(d) | 146,892 | 3,628,232 | |
Noranda Aluminium Holding Corp. | 46,669 | 560,028 | |
| |||
Shares | Value | ||
Olympic Steel, Inc. | 20,461 | $ 479,606 | |
Reliance Steel & Aluminum Co. | 158,433 | 8,511,021 | |
Royal Gold, Inc. | 115,739 | 8,038,074 | |
RTI International Metals, Inc. (a)(d) | 67,771 | 1,527,558 | |
Schnitzer Steel Inds, Inc. Class A | 53,001 | 2,393,525 | |
Silver Bull Resources, Inc. (a)(d) | 148,902 | 84,874 | |
Solitario Exploration & Royalty Corp. (a) | 57,827 | 81,536 | |
Southern Copper Corp. | 399,962 | 12,862,778 | |
Steel Dynamics, Inc. | 531,239 | 7,867,650 | |
Stillwater Mining Co. (a)(d) | 246,287 | 3,497,275 | |
SunCoke Energy, Inc. (a) | 184,578 | 2,645,003 | |
Synalloy Corp. | 9,327 | 117,987 | |
Timberline Resources Corp. (a)(d) | 213,150 | 120,067 | |
U.S. Silica Holdings, Inc. | 26,459 | 447,686 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 14,191 | 475,115 | |
US Energy Corp. (a)(d) | 91,127 | 299,808 | |
Vista Gold Corp. (a)(d) | 223,243 | 790,280 | |
Walter Energy, Inc. | 142,968 | 9,268,615 | |
Worthington Industries, Inc. | 122,406 | 2,064,989 | |
| 112,702,484 | ||
Paper & Forest Products - 0.5% | |||
AbitibiBowater, Inc. (a)(d) | 157,587 | 2,411,081 | |
Buckeye Technologies, Inc. | 84,822 | 2,897,520 | |
Clearwater Paper Corp. (a) | 52,530 | 1,802,304 | |
Deltic Timber Corp. | 29,841 | 1,945,932 | |
Domtar Corp. | 83,694 | 8,023,744 | |
Glatfelter | 137,758 | 2,150,402 | |
Kapstone Paper & Packaging Corp. (a) | 85,785 | 1,724,279 | |
Louisiana-Pacific Corp. (a)(d) | 278,523 | 2,275,533 | |
Neenah Paper, Inc. | 32,380 | 903,078 | |
Schweitzer-Mauduit International, Inc. | 43,953 | 3,078,908 | |
Verso Paper Corp. (a)(d) | 31,277 | 40,660 | |
Wausau-Mosinee Paper Corp. | 98,528 | 920,252 | |
| 28,173,693 | ||
TOTAL MATERIALS | 412,329,361 | ||
TELECOMMUNICATION SERVICES - 1.5% | |||
Diversified Telecommunication Services - 0.6% | |||
8x8, Inc. (a)(d) | 229,564 | 984,830 | |
AboveNet, Inc. (a)(d) | 48,334 | 3,362,113 | |
Alaska Communication Systems Group, Inc. (d) | 97,590 | 312,288 | |
Allegiance Telecom, Inc. (a) | 15,750 | 0 | |
Atlantic Tele-Network, Inc. (d) | 19,662 | 753,448 | |
Boingo Wireless, Inc. (d) | 25,257 | 241,457 | |
Cbeyond, Inc. (a) | 66,391 | 509,883 | |
Cincinnati Bell, Inc. New (a)(d) | 414,315 | 1,553,681 | |
Cogent Communications Group, Inc. (a) | 111,748 | 2,058,398 | |
Consolidated Communications Holdings, Inc. | 71,706 | 1,360,263 | |
Elephant Talk Communication, Inc. (a)(d) | 100,000 | 214,000 | |
FairPoint Communications, Inc. (a)(d) | 43,522 | 163,643 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Diversified Telecommunication Services - continued | |||
General Communications, Inc. | 82,347 | $ 872,055 | |
Globalstar, Inc. (a)(d) | 237,229 | 202,024 | |
Hawaiian Telcom Holdco, Inc. (a) | 18,335 | 288,226 | |
HickoryTech Corp. | 34,243 | 367,770 | |
IDT Corp. Class B | 43,724 | 395,702 | |
inContact, Inc. (a) | 77,826 | 414,813 | |
Iridium Communications, Inc. (a)(d) | 172,155 | 1,315,264 | |
Level 3 Communications, Inc. (a) | 336,410 | 8,178,127 | |
Lumos Networks Corp. | 42,527 | 544,346 | |
Multiband Corp. (a) | 27,198 | 97,369 | |
Neutral Tandem, Inc. (a) | 105,029 | 1,172,124 | |
Premiere Global Services, Inc. (a) | 109,608 | 948,109 | |
Primus Telecommunications Group, Inc. (a) | 23,913 | 328,804 | |
SureWest Communications | 40,598 | 909,801 | |
Towerstream Corp. (a)(d) | 116,654 | 331,297 | |
tw telecom, inc. (a)(d) | 352,793 | 7,620,329 | |
Vonage Holdings Corp. (a) | 287,525 | 687,185 | |
Warwick Valley Telephone Co. | 10,706 | 156,308 | |
| 36,343,657 | ||
Wireless Telecommunication Services - 0.9% | |||
Clearwire Corp. Class A (a)(d) | 315,081 | 724,686 | |
Crown Castle International Corp. (a) | 538,636 | 27,906,731 | |
Leap Wireless International, Inc. (a)(d) | 129,972 | 1,356,908 | |
NII Holdings, Inc. (a)(d) | 372,601 | 6,662,106 | |
NTELOS Holdings Corp. | 30,862 | 717,542 | |
SBA Communications Corp. | 255,631 | 11,996,763 | |
Shenandoah Telecommunications Co. | 47,154 | 471,068 | |
Telephone & Data Systems, Inc. | 209,062 | 5,282,997 | |
U.S. Cellular Corp. (a)(d) | 29,790 | 1,285,141 | |
USA Mobility, Inc. | 61,882 | 849,021 | |
| 57,252,963 | ||
TOTAL TELECOMMUNICATION SERVICES | 93,596,620 | ||
UTILITIES - 3.6% | |||
Electric Utilities - 1.1% | |||
Allete, Inc. | 66,832 | 2,778,875 | |
Central Vermont Public Service Corp. | 32,616 | 1,149,388 | |
Cleco Corp. (d) | 145,147 | 5,585,257 | |
El Paso Electric Co. | 107,795 | 3,528,130 | |
Empire District Electric Co. | 90,830 | 1,812,059 | |
Great Plains Energy, Inc. | 308,667 | 6,105,433 | |
Hawaiian Electric Industries, Inc. | 209,224 | 5,241,061 | |
IDACORP, Inc. | 103,848 | 4,203,767 | |
ITC Holdings Corp. | 113,857 | 8,593,926 | |
MGE Energy, Inc. | 61,308 | 2,688,969 | |
NV Energy, Inc. | 496,651 | 7,787,488 | |
Otter Tail Corp. | 81,314 | 1,727,109 | |
| |||
Shares | Value | ||
PNM Resources, Inc. | 211,467 | $ 3,802,177 | |
Portland General Electric Co. | 156,986 | 3,868,135 | |
UIL Holdings Corp. | 104,129 | 3,670,547 | |
Unisource Energy Corp. | 82,096 | 3,020,312 | |
Unitil Corp. | 33,222 | 883,705 | |
Westar Energy, Inc. | 267,230 | 7,354,170 | |
| 73,800,508 | ||
Gas Utilities - 0.9% | |||
Atmos Energy Corp. | 188,141 | 5,781,573 | |
Chesapeake Utilities Corp. (d) | 22,726 | 933,357 | |
Delta Natural Gas Co., Inc. | 4,880 | 185,830 | |
Gas Natural, Inc. | 11,151 | 124,334 | |
Laclede Group, Inc. | 50,946 | 2,093,371 | |
National Fuel Gas Co. | 167,905 | 8,450,659 | |
New Jersey Resources Corp. | 96,780 | 4,518,658 | |
Northwest Natural Gas Co. (d) | 66,043 | 3,022,788 | |
Piedmont Natural Gas Co., Inc. (d) | 169,819 | 5,502,136 | |
Questar Corp. | 405,652 | 7,796,631 | |
RGC Resources, Inc. | 2,242 | 39,370 | |
South Jersey Industries, Inc. | 60,919 | 3,167,788 | |
Southwest Gas Corp. | 94,718 | 4,039,723 | |
UGI Corp. | 236,898 | 6,692,369 | |
WGL Holdings, Inc. (d) | 125,127 | 5,108,935 | |
| 57,457,522 | ||
Independent Power Producers & Energy Traders - 0.4% | |||
American DG Energy, Inc. (a)(d) | 5,053 | 7,984 | |
Black Hills Corp. | 94,821 | 3,113,922 | |
Calpine Corp. (a) | 836,820 | 12,811,714 | |
Dynegy, Inc. (a)(d) | 316,627 | 411,615 | |
Genie Energy Ltd. Class B | 48,524 | 465,345 | |
GenOn Energy, Inc. (a) | 1,952,788 | 4,803,858 | |
Ormat Technologies, Inc. (d) | 63,303 | 1,281,253 | |
Synthesis Energy Systems, Inc. (a) | 67,279 | 97,555 | |
Tegal Corp. (a) | 177 | 589 | |
US Geothermal, Inc. (a)(d) | 202,952 | 110,740 | |
| 23,104,575 | ||
Multi-Utilities - 0.8% | |||
Alliant Energy Corp. | 253,692 | 10,817,427 | |
Avista Corp. | 119,397 | 2,949,106 | |
CH Energy Group, Inc. (d) | 33,789 | 2,252,713 | |
MDU Resources Group, Inc. | 379,639 | 8,238,166 | |
NorthWestern Energy Corp. | 73,604 | 2,556,267 | |
NSTAR | 226,885 | 10,640,907 | |
OGE Energy Corp. | 209,761 | 11,008,257 | |
Vectren Corp. | 168,368 | 4,919,713 | |
| 53,382,556 | ||
Water Utilities - 0.4% | |||
American States Water Co. | 47,115 | 1,736,659 | |
American Water Works Co., Inc. | 394,271 | 13,515,610 | |
Aqua America, Inc. | 290,712 | 6,456,714 | |
Artesian Resources Corp. Class A | 16,662 | 318,244 | |
Cadiz, Inc. (a)(d) | 34,362 | 364,924 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
California Water Service Group | 120,078 | $ 2,306,698 | |
Connecticut Water Service, Inc. | 19,158 | 552,134 | |
Middlesex Water Co. | 46,243 | 851,796 | |
Pure Cycle Corp. (a) | 46,689 | 96,179 | |
SJW Corp. | 31,800 | 759,702 | |
York Water Co. | 38,385 | 665,212 | |
| 27,623,872 | ||
TOTAL UTILITIES | 235,369,033 | ||
TOTAL COMMON STOCKS (Cost $5,540,902,134) |
|
Nonconvertible Bonds - 0.0% | ||||
| Principal Amount |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $37,343) | $ 37,300 |
| ||
U.S. Treasury Obligations - 0.2% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.09% 3/8/12 to 6/28/12 (e) | 11,000,000 |
|
Money Market Funds - 23.8% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 71,287,081 | 71,287,081 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 1,481,913,837 | 1,481,913,837 | |
TOTAL MONEY MARKET FUNDS (Cost $1,553,200,918) |
| ||
TOTAL INVESTMENT PORTFOLIO - 122.8% (Cost $7,105,139,168) | 8,006,118,503 | ||
NET OTHER ASSETS (LIABILITIES) - (22.8)% | (1,489,081,331) | ||
NET ASSETS - 100% | $ 6,517,037,172 |
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/(Depreciation) | |||
Purchased | |||||
Equity Index Contracts | |||||
314 CME E-mini S&P Midcap 400 Index Contracts | March 2012 | $ 30,665,240 | $ 2,899,463 | ||
563 NYFE Russell 2000 Mini Index Contracts | March 2012 | 45,603,000 | 3,680,802 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 76,268,240 | $ 6,580,265 |
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $6,298,945. |
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 | $ 91,374 |
Fidelity Securities Lending Cash Central Fund | 9,399,822 |
Total | $ 9,491,196 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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 | $ 1,031,948,965 | $ 1,031,944,365 | $ - | $ 4,600 |
Consumer Staples | 236,959,833 | 236,923,013 | 36,820 | - |
Energy | 436,899,148 | 436,899,148 | - | - |
Financials | 1,325,234,224 | 1,325,231,975 | - | 2,249 |
Health Care | 703,743,119 | 703,741,957 | - | 1,162 |
Industrials | 946,279,602 | 946,279,602 | - | - |
Information Technology | 1,019,529,158 | 1,019,529,158 | - | - |
Materials | 412,329,361 | 412,329,361 | - | - |
Telecommunication Services | 93,596,620 | 93,596,620 | - | - |
Utilities | 235,369,033 | 235,369,033 | - | - |
Corporate Bonds | 30,072 | - | 30,072 | - |
U.S. Government and Government Agency Obligations | 10,998,450 | - | 10,998,450 | - |
Money Market Funds | 1,553,200,918 | 1,553,200,918 | - | - |
Total Investments in Securities: | $ 8,006,118,503 | $ 7,995,045,150 | $ 11,065,342 | $ 8,011 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 6,580,265 | $ 6,580,265 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 222,249 |
Total Realized Gain (Loss) | (198,796) |
Total Unrealized Gain (Loss) | 213,172 |
Cost of Purchases | 3 |
Proceeds of Sales | (16,090) |
Amortization/Accretion | - |
Transfers in to Level 3 | 8,938 |
Transfers out of Level 3 | (221,465) |
Ending Balance | $ 8,011 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ (1,240) |
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 29, 2012. 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) | $ 6,580,265 | $ - |
Total Value of Derivatives | $ 6,580,265 | $ - |
(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 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,422,166,761) - See accompanying schedule: Unaffiliated issuers (cost $5,551,938,250) | $ 6,452,917,585 |
|
Fidelity Central Funds (cost $1,553,200,918) | 1,553,200,918 |
|
Total Investments (cost $7,105,139,168) |
| $ 8,006,118,503 |
Cash |
| 76,222 |
Receivable for investments sold | 4,316,551 | |
Receivable for fund shares sold | 23,774,895 | |
Dividends receivable | 4,636,130 | |
Distributions receivable from Fidelity Central Funds | 979,008 | |
Other receivables | 2,781 | |
Total assets | 8,039,904,090 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 19,243,361 | |
Payable for fund shares redeemed | 20,290,472 | |
Accrued management fee | 323,813 | |
Payable for daily variation margin on futures contracts | 953,003 | |
Other affiliated payables | 142,432 | |
Collateral on securities loaned, at value | 1,481,913,837 | |
Total liabilities | 1,522,866,918 | |
|
|
|
Net Assets | $ 6,517,037,172 | |
Net Assets consist of: |
| |
Paid in capital | $ 5,558,819,493 | |
Undistributed net investment income | 10,311,506 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | 40,345,947 | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 907,560,226 | |
Net Assets | $ 6,517,037,172 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
|
|
|
Investor Class: | $ 39.66 | |
|
|
|
Fidelity Advantage Class: | $ 39.66 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 39.66 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Extended Market Index Fund
Financial Statements - continued
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 70,673,050 |
Interest |
| 10,602 |
Income from Fidelity Central Funds (including $9,399,822 from security lending) |
| 9,491,196 |
Total income |
| 80,174,848 |
|
|
|
Expenses | ||
Management fee | $ 3,839,585 | |
Transfer agent fees | 1,537,555 | |
Independent trustees' compensation | 34,264 | |
Interest | 432 | |
Miscellaneous | 17,049 | |
Total expenses before reductions | 5,428,885 | |
Expense reductions | (597) | 5,428,288 |
Net investment income (loss) | 74,746,560 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 139,675,656 | |
Foreign currency transactions | (1,815) | |
Futures contracts | (7,401,865) | |
Total net realized gain (loss) |
| 132,271,976 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (114,083,386) | |
Assets and liabilities in foreign currencies | (130) | |
Futures contracts | 1,985,687 | |
Total change in net unrealized appreciation (depreciation) |
| (112,097,829) |
Net gain (loss) | 20,174,147 | |
Net increase (decrease) in net assets resulting from operations | $ 94,920,707 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 74,746,560 | $ 55,477,661 |
Net realized gain (loss) | 132,271,976 | 92,588,334 |
Change in net unrealized appreciation (depreciation) | (112,097,829) | 1,161,441,520 |
Net increase (decrease) in net assets resulting from operations | 94,920,707 | 1,309,507,515 |
Distributions to shareholders from net investment income | (69,414,947) | (48,199,592) |
Distributions to shareholders from net realized gain | (127,979,459) | (63,624,500) |
Total distributions | (197,394,406) | (111,824,092) |
Share transactions - net increase (decrease) | 652,403,567 | 1,175,386,586 |
Redemption fees | 919,879 | 553,321 |
Total increase (decrease) in net assets | 550,849,747 | 2,373,623,330 |
|
|
|
Net Assets | ||
Beginning of period | 5,966,187,425 | 3,592,564,095 |
End of period (including undistributed net investment income of $10,311,506 and undistributed net investment income of $8,373,367, respectively) | $ 6,517,037,172 | $ 5,966,187,425 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.63 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .48 | .43 | .36 | .50 | .56 |
Net realized and unrealized gain (loss) | .10 | 9.71 | 12.40 | (15.73) | (2.73) |
Total from investment operations | .58 | 10.14 | 12.76 | (15.23) | (2.17) |
Distributions from net investment income | (.45) | (.36) | (.35) | (.43) | (.46) |
Distributions from net realized gain | (.84) | (.51) | (.06) | (.76) | (1.85) |
Total distributions | (1.28) I | (.87) | (.41) H | (1.19) | (2.31) |
Redemption fees added to paid in capital B | .01 | - G | - G | - G | - G |
Net asset value, end of period | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 |
Total Return A | 1.76% | 32.95% | 68.20% | (44.26)% | (6.02)% |
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% | .09% |
Net investment income (loss) | 1.26% | 1.24% | 1.35% | 1.71% | 1.41% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,606,631 | $ 4,440,988 | $ 2,692,346 | $ 1,446,984 | $ 2,162,049 |
Portfolio turnover rate D | 11% | 8% | 26% | 16% | 17% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.41 per share is comprised of distributions from net investment income of $.350 and distributions from net realized gain of $.055 per share.
I Total distributions of $1.28 per share is comprised of distributions from net investment income of $.446 and distributions from net realized gain of $.837 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.64 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .48 | .44 | .37 | .52 | .57 |
Net realized and unrealized gain (loss) | .10 | 9.72 | 12.39 | (15.74) | (2.74) |
Total from investment operations | .58 | 10.16 | 12.76 | (15.22) | (2.17) |
Distributions from net investment income | (.46) | (.37) | (.36) | (.44) | (.47) |
Distributions from net realized gain | (.84) | (.51) | (.06) | (.76) | (1.85) |
Total distributions | (1.29) I | (.88) | (.41) H | (1.20) | (2.32) |
Redemption fees added to paid in capital B | .01 | - G | - G | - G | - G |
Net asset value, end of period | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 |
Total Return A | 1.76% | 33.02% | 68.25% | (44.25)% | (6.01)% |
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) | 1.29% | 1.27% | 1.38% | 1.74% | 1.44% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,910,289 | $ 1,525,199 | $ 900,218 | $ 478,227 | $ 925,331 |
Portfolio turnover rate D | 11% | 8% | 26% | 16% | 17% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.41 per share is comprised of distributions from net investment income of $.358 and distributions from net realized gain of $.055 per share.
I Total distributions of $1.29 per share is comprised of distributions from net investment income of $.457 and distributions from net realized gain of $.837 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.67 |
Income from Investment Operations |
|
Net investment income (loss) D | .25 |
Net realized and unrealized gain (loss) | 5.52 |
Total from investment operations | 5.77 |
Distributions from net investment income | (.40) |
Distributions from net realized gain | (.38) |
Total distributions | (.78) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.66 |
Total Return B, C | 16.99% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .07% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 1.44% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 117 |
Portfolio turnover rate F | 11% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan International Index Fund - Investor Class | -7.92% | -2.87% | 6.22% |
Spartan International Index Fund - Fidelity Advantage Class A | -7.87% | -2.84% | 6.24% |
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, 2002. 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 experienced turbulent swings during the 12-month period ending February 29, 2012, jostled by a number of headline events. Investors' heightened sensitivity to risk in the face of Europe's sovereign debt crisis and a slow U.S. economic recovery sparked a global sell-off that pushed many overseas markets to their lowest level in more than a year by early fall. In addition, worries increased about a potentially sharp slowdown of gross domestic product (GDP) growth in China - one of the world economy's few bright spots during the Great Recession of 2007-2009. Japan faced its own challenges, as the nation continued to struggle to rebound from its devastating earthquake, tsunami and nuclear disaster in March 2011. After several months of declines, the market staged two mini-rallies, as investors' anxiety began to ease in October and then again later in the period amid hope for a resolution to Europe's debt woes. Despite these gains, the MSCI® ACWI® (All Country World Index) ex USA Index fell 5.99% for the year. Within the index, emerging markets posted a nominal increase, held back partly by a stronger U.S. dollar. The U.K. saw a slight loss, faring better than the rest of Europe (-11%), which was the worst-performing index component. Japan and Canada also had double-digit losses, each falling around 10%, while Asia-Pacific ex Japan declined only about 1%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® International Index Fund: For the year, the fund's Investor Class and Fidelity Advantage® Class shares returned -7.92% and -7.87%, respectively, modestly trailing the -7.35% return of the MSCI® EAFE® (Europe, Australasia, Far East) Index. Of the 10 sectors in the index, eight generated a negative return. Utilities was the worst performer, dropping 20%. Financials, by far the largest sector in the benchmark, also did poorly, declining 15%, led downward by diversified financials and banks. The information technology sector lost 13%, dragged down the most by hardware/equipment and semiconductor-related companies. The materials sector also did relatively poorly. The only sectors to provide a positive return were consumer staples, whose roughly 9% gain was led by the food/beverage/tobacco industry. Health care stocks, with a 7% gain, also were solid performers. On a geographic basis, the three major regions of the index - Europe, Japan and Asia Pacific (excluding Japan) all lost ground. Given Europe's very large allocation in the index, the region's sovereign debt troubles had a disproportionate impact on performance. In part, a weakening euro relative to the dollar reduced returns for U.S. investors. Not surprisingly, the Greek stock market had the biggest decline in the index, dropping 63%. Italy and Spain, much larger economies facing their own debt challenges, lost about 24% and 20%, respectively. The three largest stock markets in the region - the U.K., France and Germany - returned roughly 0%, -15% and -8%, respectively. Meanwhile, Japan's market fell 10%, while the Asia Pacific region enjoyed the best overall performance in U.S. dollar terms, declining by just roughly 1%, with New Zealand, Singapore and Hong Kong returning 18%, 5% and 2%, respectively. Looking at individual stocks, Japanese utility Tokyo Electric Power, whose Fukushima nuclear plant melted down following the tsunami, was the biggest individual detractor and the third-worst-performing stock in the index. Its shares fell about 90% during the 12-month period. Many other detractors were European financials companies, including HSBC Holdings (U.K.), Banco Santander (Spain), BNP Paribas and Societe Generale (France), UniCredit (Italy), and UBS (Switzerland). Other notable underperformers were Spanish telecommunication services company Telefonica, German conglomerate Siemens and Australian mining company BHP Billiton. On the positive side, stocks in defensive industries fared better amid the challenging conditions. For example, U.K. tobacco companies British American Tobacco and Imperial Tobacco Group, Swiss food products giant Nestle, U.K. spirits manufacturer Diageo and Belgian brewer Anheuser Busch InBev all gained ground, as did pharmaceutical manufacturers GlaxoSmithKline and Roche Holdings, based in the U.K. and Switzerland, respectively. U.K. energy giant Royal Dutch Shell also contributed.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Nestle SA (Switzerland, Food Products) | 1.9 | 2.1 |
HSBC Holdings PLC (United Kingdom) (United Kingdom, Commercial Banks) | 1.5 | 1.5 |
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) | 1.4 | 1.2 |
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services) | 1.3 | 1.3 |
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) | 1.2 | 1.1 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.2 | 1.3 |
BHP Billiton Ltd. (Australia, Metals & Mining) | 1.2 | 1.3 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.1 | 1.2 |
Total SA (France, Oil, Gas & Consumable Fuels) | 1.1 | 1.0 |
Toyota Motor Corp. (Japan, Automobiles) | 1.1 | 1.0 |
| 13.0 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Financials | 22.0 | 21.4 |
Industrials | 12.6 | 12.9 |
Consumer Staples | 10.9 | 10.7 |
Consumer Discretionary | 10.4 | 9.9 |
Materials | 10.3 | 10.6 |
Health Care | 8.8 | 9.1 |
Energy | 8.5 | 8.0 |
Telecommunication Services | 5.5 | 5.4 |
Information Technology | 4.6 | 4.8 |
Utilities | 4.4 | 4.9 |
Geographic Diversification (% of fund's net assets) | |||
As of February 29, 2012 | |||
United Kingdom | 21.8% |
| |
Japan | 21.4% |
| |
France | 8.6% |
| |
Australia | 8.6% |
| |
Germany | 8.2% |
| |
Switzerland | 8.1% |
| |
Sweden | 3.2% |
| |
Spain | 3.0% |
| |
Netherlands | 2.6% |
| |
Other | 14.5% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
As of August 31, 2011 | |||
Japan | 21.5% |
| |
United Kingdom | 21.3% |
| |
France | 8.9% |
| |
Australia | 8.9% |
| |
Switzerland | 8.5% |
| |
Germany | 8.3% |
| |
Spain | 3.3% |
| |
Sweden | 2.9% |
| |
Hong Kong | 2.6% |
| |
Other | 13.8% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan International Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 97.2% | |||
Shares | Value | ||
Australia - 8.4% | |||
AGL Energy Ltd. | 386,989 | $ 5,788,808 | |
Alumina Ltd. | 2,052,568 | 2,980,633 | |
Amcor Ltd. | 985,211 | 7,500,736 | |
AMP Ltd. | 2,312,060 | 9,941,680 | |
APA Group unit | 430,000 | 2,263,947 | |
Asciano Ltd. unit | 795,299 | 4,221,356 | |
ASX Ltd. | 144,087 | 4,786,549 | |
Australia & New Zealand Banking Group Ltd. | 2,144,596 | 50,477,324 | |
Bendigo & Adelaide Bank Ltd. | 305,567 | 2,532,808 | |
BHP Billiton Ltd. | 2,613,123 | 101,154,070 | |
Boral Ltd. | 586,891 | 2,769,022 | |
Brambles Ltd. | 1,193,205 | 9,263,390 | |
Caltex Australia Ltd. | 121,896 | 1,798,557 | |
Campbell Brothers Ltd. | 52,700 | 3,354,446 | |
CFS Retail Property Trust | 1,546,561 | 2,951,912 | |
Coca-Cola Amatil Ltd. | 458,484 | 5,899,589 | |
Cochlear Ltd. | 45,259 | 2,966,714 | |
Commonwealth Bank of Australia | 1,282,899 | 67,998,508 | |
Computershare Ltd. | 375,455 | 3,116,127 | |
Crown Ltd. | 366,535 | 3,301,498 | |
CSL Ltd. | 426,251 | 14,982,720 | |
DEXUS Property Group unit | 3,892,117 | 3,735,298 | |
Echo Entertainment Group Ltd. | 552,223 | 2,546,240 | |
Fortescue Metals Group Ltd. | 1,016,789 | 6,072,987 | |
Goodman Group unit | 5,661,423 | 4,188,813 | |
Harvey Norman Holdings Ltd. (d) | 432,111 | 959,140 | |
Iluka Resources Ltd. | 337,442 | 6,042,712 | |
Incitec Pivot Ltd. | 1,333,966 | 4,663,142 | |
Insurance Australia Group Ltd. | 1,661,116 | 5,895,821 | |
John Fairfax Holdings Ltd. (d) | 1,718,456 | 1,474,160 | |
Leighton Holdings Ltd. | 131,578 | 3,604,877 | |
Lend Lease Group unit | 442,695 | 3,555,517 | |
Lynas Corp. Ltd. (a)(d) | 1,520,309 | 1,988,877 | |
Macquarie Group Ltd. | 285,263 | 8,188,609 | |
Metcash Ltd. | 658,872 | 2,995,596 | |
Mirvac Group unit | 2,840,491 | 3,655,030 | |
National Australia Bank Ltd. | 1,778,647 | 45,144,446 | |
Newcrest Mining Ltd. | 623,849 | 22,403,245 | |
Orica Ltd. | 291,857 | 8,512,465 | |
Origin Energy Ltd. | 856,810 | 12,504,288 | |
OZ Minerals Ltd. | 265,406 | 3,116,314 | |
Qantas Airways Ltd. (a) | 867,378 | 1,609,055 | |
QBE Insurance Group Ltd. | 876,505 | 10,949,559 | |
QR National Ltd. | 1,399,535 | 5,867,821 | |
Ramsay Health Care Ltd. | 107,298 | 2,111,271 | |
Rio Tinto Ltd. | 360,030 | 26,039,758 | |
Santos Ltd. | 757,894 | 11,718,986 | |
Sims Metal Management Ltd. | 145,921 | 2,394,977 | |
Sonic Healthcare Ltd. | 296,784 | 3,831,627 | |
SP AusNet unit | 1,228,372 | 1,310,597 | |
Stockland Corp. Ltd. unit | 1,925,631 | 6,545,588 | |
| |||
Shares | Value | ||
Suncorp-Metway Ltd. | 1,033,217 | $ 9,062,774 | |
Sydney Airport unit | 350,832 | 985,637 | |
Tabcorp Holdings Ltd. | 594,708 | 1,740,936 | |
Tattersall's Ltd. | 1,122,224 | 2,863,999 | |
Telstra Corp. Ltd. | 3,513,293 | 12,432,103 | |
The GPT Group unit | 1,409,597 | 4,715,914 | |
Toll Holdings Ltd. | 533,557 | 3,243,995 | |
Transurban Group unit | 1,072,984 | 6,443,140 | |
Wesfarmers Ltd. | 820,358 | 25,598,394 | |
Westfield Group unit | 1,783,515 | 16,810,551 | |
Westfield Retail Trust unit | 2,332,217 | 6,277,099 | |
Westpac Banking Corp. | 2,468,258 | 55,316,303 | |
Woodside Petroleum Ltd. | 525,182 | 20,971,805 | |
Woolworths Ltd. | 998,190 | 27,090,790 | |
WorleyParsons Ltd. | 155,118 | 4,885,201 | |
TOTAL AUSTRALIA | 732,115,851 | ||
Austria - 0.2% | |||
Erste Bank AG | 157,204 | 3,944,561 | |
IMMOEAST AG (a)(d) | 321,410 | 4 | |
IMMOFINANZ Immobilien Anlagen AG | 804,922 | 2,816,977 | |
OMV AG | 133,721 | 4,975,537 | |
Osterreichische Elektrizitatswirtschafts AG | 56,769 | 1,591,206 | |
Raiffeisen International Bank-Holding AG (d) | 36,806 | 1,332,961 | |
Telekom Austria AG | 266,314 | 3,099,744 | |
Vienna Insurance Group AG Wien | 27,914 | 1,232,378 | |
Voestalpine AG | 89,891 | 3,186,023 | |
TOTAL AUSTRIA | 22,179,391 | ||
Bailiwick of Guernsey - 0.1% | |||
Resolution Ltd. | 1,185,168 | 5,071,633 | |
Bailiwick of Jersey - 0.8% | |||
Experian PLC | 816,086 | 12,274,761 | |
Glencore International PLC (d) | 1,109,592 | 7,625,400 | |
Petrofac Ltd. | 208,212 | 5,269,768 | |
Randgold Resources Ltd. | 74,284 | 8,507,192 | |
Shire PLC | 453,238 | 15,806,378 | |
Wolseley PLC | 230,059 | 8,915,221 | |
WPP PLC | 1,012,710 | 12,944,538 | |
TOTAL BAILIWICK OF JERSEY | 71,343,258 | ||
Belgium - 1.0% | |||
Ageas | 1,767,040 | 3,752,357 | |
Anheuser-Busch InBev SA NV | 659,126 | 44,277,563 | |
Bekaert SA (d) | 30,019 | 1,003,582 | |
Belgacom SA | 128,721 | 4,097,565 | |
Colruyt NV | 64,087 | 2,511,783 | |
Delhaize Group SA | 85,226 | 4,684,013 | |
Groupe Bruxelles Lambert SA | 65,629 | 4,929,357 | |
Groupe Bruxelles Lambert SA (strip VVPR) (a) | 2,466 | 13 | |
KBC Groupe SA | 134,595 | 3,179,121 | |
Common Stocks - continued | |||
Shares | Value | ||
Belgium - continued | |||
Mobistar SA | 25,921 | $ 1,241,596 | |
Solvay SA Class A | 47,640 | 5,861,721 | |
UCB SA | 83,158 | 3,357,835 | |
Umicore SA | 94,933 | 4,938,643 | |
TOTAL BELGIUM | 83,835,149 | ||
Bermuda - 0.5% | |||
Cheung Kong Infrastructure Holdings Ltd. | 386,450 | 2,272,034 | |
First Pacific Co. Ltd. | 1,620,000 | 1,819,239 | |
Kerry Properties Ltd. | 563,181 | 2,672,098 | |
Li & Fung Ltd. | 4,663,246 | 10,702,000 | |
Noble Group Ltd. | 3,071,890 | 3,487,853 | |
NWS Holdings Ltd. | 1,012,869 | 1,679,387 | |
Orient Overseas International Ltd. | 202,400 | 1,392,200 | |
Seadrill Ltd. (d) | 266,092 | 11,028,561 | |
Shangri-La Asia Ltd. | 1,103,380 | 2,759,837 | |
Yue Yuen Industrial (Holdings) Ltd. | 579,000 | 1,993,180 | |
TOTAL BERMUDA | 39,806,389 | ||
Cayman Islands - 0.2% | |||
ASM Pacific Technology Ltd. | 167,929 | 2,366,478 | |
Foxconn International Holdings Ltd. (a) | 1,765,000 | 1,240,217 | |
Lifestyle International Holdings Ltd. | 462,500 | 1,267,148 | |
Sands China Ltd. | 1,942,000 | 7,298,681 | |
Wynn Macau Ltd. | 1,242,800 | 3,276,809 | |
TOTAL CAYMAN ISLANDS | 15,449,333 | ||
Denmark - 1.1% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 466 | 3,583,780 | |
Series B | 1,049 | 8,458,313 | |
Carlsberg A/S Series B | 86,507 | 6,809,390 | |
Coloplast A/S Series B | 18,560 | 3,052,927 | |
Danske Bank A/S (a) | 523,206 | 9,421,814 | |
DSV de Sammensluttede Vognmaend A/S | 170,913 | 3,981,202 | |
Novo Nordisk A/S Series B | 344,786 | 48,327,013 | |
Novozymes A/S Series B | 185,268 | 5,510,668 | |
TDC A/S | 395,803 | 3,136,836 | |
Tryg A/S | 21,257 | 1,138,856 | |
Vestas Wind Systems A/S (a)(d) | 170,541 | 1,754,028 | |
William Demant Holding A/S (a)(d) | 19,685 | 1,827,094 | |
TOTAL DENMARK | 97,001,921 | ||
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 115,880 | 2,638,275 | |
Fortum Corp. | 356,751 | 8,863,668 | |
Kesko Oyj | 53,126 | 1,785,640 | |
Kone Oyj (B Shares) (d) | 123,476 | 7,334,820 | |
Metso Corp. | 102,252 | 4,856,247 | |
Neste Oil Oyj | 95,349 | 1,174,336 | |
Nokia Corp. | 3,066,056 | 16,112,236 | |
| |||
Shares | Value | ||
Nokian Tyres PLC | 89,422 | $ 3,968,153 | |
Orion Oyj (B Shares) (d) | 76,922 | 1,657,029 | |
Pohjola Bank PLC (A Shares) | 107,193 | 1,238,812 | |
Sampo OYJ (A Shares) | 344,414 | 9,704,219 | |
Sanoma-WSOY Oyj (d) | 63,593 | 831,513 | |
Stora Enso Oyj (R Shares) | 458,791 | 3,444,120 | |
UPM-Kymmene Corp. | 425,003 | 5,860,056 | |
Wartsila Corp. | 134,351 | 4,624,905 | |
TOTAL FINLAND | 74,094,029 | ||
France - 8.4% | |||
Accor SA | 116,249 | 4,088,487 | |
Aeroports de Paris | 27,142 | 2,144,203 | |
Air Liquide SA | 8,815 | 1,145,328 | |
Air Liquide SA (a) | 72,885 | 9,469,909 | |
Air Liquide SA | 12,827 | 1,666,605 | |
Alcatel-Lucent SA (a)(d) | 1,905,603 | 4,747,177 | |
Alstom SA | 166,083 | 7,155,412 | |
Arkema SA | 45,926 | 4,208,140 | |
Atos Origin SA | 41,626 | 2,369,002 | |
AXA SA | 1,418,525 | 22,875,533 | |
BIC SA | 22,638 | 2,276,050 | |
BNP Paribas SA | 786,437 | 38,382,173 | |
Bouygues SA | 157,964 | 5,025,299 | |
Bureau Veritas SA | 42,688 | 3,526,444 | |
Cap Gemini SA | 122,051 | 5,377,061 | |
Carrefour SA | 468,161 | 11,737,735 | |
Casino Guichard Perrachon SA | 45,506 | 4,432,761 | |
Christian Dior SA | 43,741 | 6,785,747 | |
CNP Assurances | 125,357 | 1,806,946 | |
Compagnie de St. Gobain | 325,112 | 15,436,190 | |
Compagnie Generale de Geophysique SA (a) | 119,410 | 3,652,566 | |
Credit Agricole SA | 814,675 | 5,217,085 | |
Danone | 475,305 | 32,153,963 | |
Dassault Systemes SA | 49,167 | 4,081,977 | |
Edenred | 128,871 | 3,438,789 | |
EDF SA | 6,839 | 170,511 | |
EDF SA | 186,140 | 4,640,865 | |
Eiffage SA | 31,432 | 1,250,768 | |
Essilor International SA | 163,110 | 12,985,558 | |
Eurazeo SA | 26,097 | 1,235,946 | |
Eutelsat Communications | 107,656 | 4,014,307 | |
Fonciere Des Regions (d) | 21,563 | 1,563,281 | |
France Telecom SA | 1,498,025 | 22,839,340 | |
GDF Suez | 1,008,641 | 26,162,064 | |
Gecina SA | 18,921 | 1,816,889 | |
Groupe Eurotunnel SA | 436,310 | 3,785,114 | |
ICADE | 17,488 | 1,448,872 | |
Iliad SA | 16,487 | 2,186,514 | |
Imerys | 27,805 | 1,680,587 | |
JC Decaux SA (a) | 52,245 | 1,449,784 | |
Klepierre SA | 80,441 | 2,554,778 | |
L'Oreal SA (a) | 179,277 | 20,446,478 | |
Common Stocks - continued | |||
Shares | Value | ||
France - continued | |||
L'Oreal SA | 17,567 | $ 2,003,510 | |
Lafarge SA (a) | 71,536 | 3,326,932 | |
Lafarge SA (a) | 71,270 | 3,314,561 | |
Lafarge SA | 16,709 | 777,087 | |
Lafarge SA (Bearer) | 5,424 | 252,255 | |
Lagardere S.C.A. (Reg.) | 93,992 | 2,814,859 | |
Legrand SA | 180,374 | 6,548,018 | |
LVMH Moet Hennessy - Louis Vuitton SA | 206,511 | 34,746,893 | |
Michelin CGDE Series B | 147,193 | 10,149,645 | |
Natixis SA | 757,338 | 2,737,215 | |
Neopost SA | 26,794 | 1,833,294 | |
Pernod Ricard SA | 160,355 | 16,590,112 | |
Peugeot Citroen SA (d) | 124,412 | 2,493,583 | |
PPR SA | 61,257 | 10,412,999 | |
Publicis Groupe SA | 115,735 | 6,331,491 | |
Renault SA | 158,268 | 8,378,966 | |
Safran SA | 134,341 | 4,501,967 | |
Sanofi SA | 930,372 | 68,817,089 | |
Schneider Electric SA | 398,365 | 27,071,102 | |
SCOR SE | 139,261 | 3,685,424 | |
Societe Generale Series A | 533,669 | 17,240,631 | |
Sodexo SA | 74,845 | 5,760,161 | |
Suez Environnement SA | 232,149 | 3,398,865 | |
Technip SA | 80,370 | 8,772,156 | |
Television Francaise 1 SA | 94,412 | 1,128,208 | |
Thales SA | 83,415 | 3,010,944 | |
Total SA | 1,727,090 | 96,607,118 | |
Total SA (strip VVPR) (a) | 3,096 | 4 | |
Unibail-Rodamco | 74,181 | 14,329,470 | |
Vallourec SA | 91,718 | 6,457,568 | |
Veolia Environnement | 292,440 | 3,555,245 | |
VINCI SA | 370,184 | 19,275,124 | |
Vivendi | 1,009,357 | 21,676,006 | |
Wendel SA | 26,649 | 2,245,134 | |
TOTAL FRANCE | 733,675,874 | ||
Germany - 7.7% | |||
adidas AG | 170,489 | 13,395,859 | |
Allianz AG | 373,395 | 45,281,674 | |
Axel Springer Verlag | 35,579 | 1,697,098 | |
BASF AG | 747,765 | 65,647,770 | |
Bayer AG | 673,634 | 49,806,545 | |
Bayerische Motoren Werke AG (BMW) | 268,677 | 24,851,184 | |
Beiersdorf AG | 82,406 | 5,160,818 | |
Brenntag AG | 37,743 | 4,399,607 | |
Celesio AG | 70,608 | 1,307,489 | |
Commerzbank AG (a)(d) | 2,867,440 | 7,204,527 | |
Continental AG | 64,837 | 5,902,062 | |
Daimler AG (Germany) | 744,909 | 45,048,535 | |
Deutsche Bank AG | 757,553 | 35,348,047 | |
Deutsche Boerse AG | 157,925 | 10,470,995 | |
Deutsche Lufthansa AG | 178,059 | 2,471,730 | |
| |||
Shares | Value | ||
Deutsche Post AG | 681,678 | $ 11,973,713 | |
Deutsche Telekom AG | 2,269,214 | 26,481,891 | |
E.ON AG | 1,467,337 | 33,749,387 | |
Fraport AG Frankfurt Airport Services Worldwide | 32,507 | 1,999,213 | |
Fresenius Medical Care AG & Co. KGaA | 168,285 | 11,804,864 | |
Fresenius SE | 92,002 | 9,511,049 | |
GEA Group AG | 142,095 | 4,800,622 | |
Hannover Rueckversicherungs AG | 53,278 | 2,957,255 | |
HeidelbergCement Finance AG | 114,050 | 6,139,791 | |
HeidelbergCement Finance AG (strip VVPR) (a) | 239 | 0 | |
Henkel AG & Co. KGaA | 102,865 | 5,613,711 | |
Hochtief AG | 33,381 | 2,330,682 | |
Infineon Technologies AG | 896,593 | 9,067,003 | |
K&S AG | 139,524 | 6,965,623 | |
Kabel Deutschland Holding AG (a) | 74,560 | 4,476,750 | |
Lanxess AG | 67,950 | 5,078,340 | |
Linde AG | 137,122 | 22,797,706 | |
MAN SE | 50,735 | 5,846,463 | |
Merck KGaA | 52,117 | 5,388,483 | |
Metro AG | 104,409 | 4,133,864 | |
Munich Re Group | 147,838 | 21,556,154 | |
RWE AG | 396,257 | 18,053,960 | |
Salzgitter AG | 31,967 | 1,956,421 | |
SAP AG | 746,961 | 50,425,849 | |
Siemens AG | 667,473 | 66,519,200 | |
Suedzucker AG (Bearer) | 56,884 | 1,647,855 | |
Thyssenkrupp AG | 312,112 | 8,421,940 | |
United Internet AG | 89,235 | 1,722,555 | |
Volkswagen AG | 22,950 | 3,889,012 | |
Wacker Chemie AG (d) | 12,121 | 1,196,537 | |
TOTAL GERMANY | 674,499,833 | ||
Greece - 0.1% | |||
Coca-Cola Hellenic Bottling Co. SA | 144,036 | 2,705,575 | |
Greek Organization of Football Prognostics SA | 177,408 | 1,583,498 | |
Hellenic Telecommunications Organization SA | 172,803 | 547,895 | |
National Bank of Greece SA (a) | 819,089 | 2,524,812 | |
TOTAL GREECE | 7,361,780 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 6,816,800 | 25,839,522 | |
Bank of East Asia Ltd. | 1,255,534 | 5,058,655 | |
BOC Hong Kong (Holdings) Ltd. | 3,026,066 | 8,485,829 | |
Cathay Pacific Airways Ltd. | 899,327 | 1,785,644 | |
Cheung Kong Holdings Ltd. | 1,191,449 | 17,419,878 | |
CLP Holdings Ltd. | 1,570,157 | 13,867,247 | |
Galaxy Entertainment Group Ltd. (a) | 1,073,000 | 2,650,647 | |
Hang Lung Group Ltd. | 701,000 | 4,754,013 | |
Hang Lung Properties Ltd. | 1,981,423 | 7,497,939 | |
Hang Seng Bank Ltd. | 631,801 | 8,846,403 | |
Henderson Land Development Co. Ltd. | 855,319 | 5,370,487 | |
Common Stocks - continued | |||
Shares | Value | ||
Hong Kong - continued | |||
HKT Trust / HKT Ltd. unit | 67,369 | $ 48,554 | |
Hong Kong & China Gas Co. Ltd. | 3,863,523 | 9,862,915 | |
Hong Kong Exchanges and Clearing Ltd. | 833,598 | 15,541,093 | |
Hopewell Holdings Ltd. | 460,500 | 1,404,163 | |
Hutchison Whampoa Ltd. | 1,723,158 | 17,129,161 | |
Hysan Development Co. Ltd. | 519,044 | 2,265,267 | |
Link (REIT) | 1,844,950 | 6,922,041 | |
MTR Corp. Ltd. | 1,148,451 | 4,086,751 | |
New World Development Co. Ltd. | 3,028,600 | 4,170,324 | |
PCCW Ltd. | 3,399,000 | 1,257,737 | |
Power Assets Holdings Ltd. | 1,136,176 | 8,510,956 | |
Sino Land Ltd. | 2,338,689 | 4,173,161 | |
SJM Holdings Ltd. | 1,369,000 | 2,866,461 | |
Sun Hung Kai Properties Ltd. | 1,170,685 | 18,021,917 | |
Swire Pacific Ltd. (A Shares) | 583,884 | 6,639,751 | |
Wharf Holdings Ltd. | 1,253,585 | 7,846,927 | |
Wheelock and Co. Ltd. | 719,000 | 2,470,488 | |
Wing Hang Bank Ltd. | 147,842 | 1,403,871 | |
TOTAL HONG KONG | 216,197,802 | ||
Ireland - 0.3% | |||
CRH PLC | 580,352 | 12,326,321 | |
Elan Corp. PLC (a) | 400,037 | 4,995,479 | |
Irish Bank Resolution Corp. Ltd. (a) | 331,052 | 4 | |
James Hardie Industries NV CDI | 363,696 | 2,858,636 | |
Kerry Group PLC Class A | 114,196 | 4,868,221 | |
Ryanair Holdings PLC (a) | 262,563 | 1,431,166 | |
TOTAL IRELAND | 26,479,827 | ||
Isle of Man - 0.1% | |||
Genting Singapore PLC (a) | 4,863,859 | 6,280,840 | |
Israel - 0.6% | |||
Bank Hapoalim BM (Reg.) | 834,048 | 2,701,075 | |
Bank Leumi le-Israel BM | 948,255 | 2,747,548 | |
Bezeq Israeli Telecommunication Corp. Ltd. | 1,399,043 | 2,311,642 | |
Cellcom Israel Ltd. | 4,000 | 53,400 | |
Cellcom Israel Ltd. (Israel) | 40,444 | 548,292 | |
Delek Group Ltd. | 3,490 | 630,628 | |
Elbit Systems Ltd. (Israel) | 19,780 | 725,291 | |
Israel Chemicals Ltd. | 355,747 | 3,771,336 | |
Israel Corp. Ltd. (Class A) | 1,890 | 1,134,220 | |
Israel Discount Bank Ltd. (Class A) (a) | 632,458 | 794,544 | |
Mizrahi Tefahot Bank Ltd. | 97,754 | 771,416 | |
NICE Systems Ltd. (a) | 48,532 | 1,652,522 | |
Partner Communications Co. Ltd. | 65,841 | 483,618 | |
Teva Pharmaceutical Industries Ltd. | 747,031 | 33,402,918 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR | 20,000 | 896,200 | |
TOTAL ISRAEL | 52,624,650 | ||
Italy - 2.2% | |||
A2A SpA | 945,335 | 951,458 | |
| |||
Shares | Value | ||
Assicurazioni Generali SpA | 949,546 | $ 15,293,671 | |
Atlantia SpA | 252,906 | 4,235,102 | |
Autogrill SpA | 85,034 | 863,211 | |
Banca Carige SpA (d) | 483,085 | 741,388 | |
Banca Monte dei Paschi di Siena SpA (d) | 3,895,538 | 2,081,044 | |
Banco Popolare Societa Cooperativa (d) | 1,376,567 | 2,530,730 | |
Enel Green Power SpA | 1,403,128 | 2,762,747 | |
Enel SpA | 5,373,688 | 21,562,387 | |
ENI SpA | 1,980,868 | 45,555,270 | |
EXOR SpA | 50,843 | 1,278,123 | |
Fiat Industrial SpA (a) | 616,828 | 6,573,906 | |
Fiat SpA (d) | 616,656 | 3,566,993 | |
Finmeccanica SpA (d) | 349,144 | 1,766,562 | |
Intesa Sanpaolo SpA | 8,185,930 | 15,932,637 | |
Intesa Sanpaolo SpA (Risparmio Shares) | 778,148 | 1,245,015 | |
Luxottica Group SpA | 89,919 | 3,216,317 | |
Mediaset SpA | 546,805 | 1,620,081 | |
Mediobanca SpA | 409,666 | 2,668,752 | |
Pirelli & C SpA | 210,206 | 2,189,885 | |
Prysmian SpA | 159,461 | 2,753,144 | |
Saipem SpA | 213,492 | 10,799,201 | |
Snam Rete Gas SpA | 1,301,101 | 6,298,909 | |
Telecom Italia SpA | 7,536,734 | 8,657,297 | |
Terna SpA | 982,545 | 3,701,701 | |
UniCredit SpA | 3,275,150 | 17,042,483 | |
Unione di Banche Italiane SCPA (d) | 636,324 | 2,948,338 | |
TOTAL ITALY | 188,836,352 | ||
Japan - 20.9% | |||
ABC-Mart, Inc. | 22,100 | 778,305 | |
Advantest Corp. | 117,990 | 1,663,282 | |
Aeon Co. Ltd. | 491,300 | 6,236,812 | |
Aeon Credit Service Co. Ltd. | 69,400 | 1,002,222 | |
Aeon Mall Co. Ltd. | 64,300 | 1,437,150 | |
Air Water, Inc. | 117,000 | 1,521,238 | |
Aisin Seiki Co. Ltd. | 155,000 | 5,456,793 | |
Ajinomoto Co., Inc. | 532,866 | 6,279,422 | |
Alfresa Holdings Corp. | 33,700 | 1,481,979 | |
All Nippon Airways Ltd. | 612,000 | 1,874,507 | |
Amada Co. Ltd. | 303,000 | 2,128,212 | |
Aozora Bank Ltd. | 487,000 | 1,407,774 | |
Asahi Glass Co. Ltd. | 858,677 | 7,710,612 | |
Asahi Group Holdings | 312,603 | 6,836,929 | |
Asahi Kasei Corp. | 1,006,727 | 6,377,568 | |
Asics Corp. | 125,300 | 1,476,566 | |
Astellas Pharma, Inc. | 355,700 | 14,613,913 | |
Bank of Kyoto Ltd. | 262,000 | 2,307,547 | |
Bank of Yokohama Ltd. | 1,008,084 | 4,860,926 | |
Benesse Holdings, Inc. | 54,900 | 2,518,937 | |
Bridgestone Corp. | 528,179 | 12,708,262 | |
Brother Industries Ltd. | 196,000 | 2,533,932 | |
Canon, Inc. | 919,444 | 41,927,048 | |
Casio Computer Co. Ltd. (d) | 198,100 | 1,362,174 | |
Central Japan Railway Co. | 1,205 | 9,886,648 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Chiba Bank Ltd. | 639,674 | $ 4,044,436 | |
Chiyoda Corp. | 136,000 | 1,743,182 | |
Chubu Electric Power Co., Inc. | 550,564 | 10,097,681 | |
Chugai Pharmaceutical Co. Ltd. | 169,325 | 2,770,186 | |
Chugoku Electric Power Co., Inc.(THE) | 242,000 | 4,387,822 | |
Citizen Holdings Co. Ltd. | 222,566 | 1,374,354 | |
Coca-Cola West Co. Ltd. | 47,600 | 809,191 | |
Cosmo Oil Co. Ltd. | 473,000 | 1,378,941 | |
Credit Saison Co. Ltd. | 119,252 | 2,379,319 | |
Dai Nippon Printing Co. Ltd. | 464,242 | 4,779,760 | |
Dai-ichi Mutual Life Insurance Co. | 7,396 | 9,716,377 | |
Daicel Chemical Industries Ltd. | 240,000 | 1,564,672 | |
Daido Steel Co. Ltd. | 236,000 | 1,556,012 | |
Daihatsu Motor Co. Ltd. | 161,000 | 3,085,528 | |
Daiichi Sankyo Kabushiki Kaisha | 536,970 | 9,861,569 | |
Daikin Industries Ltd. | 189,394 | 5,614,608 | |
Dainippon Sumitomo Pharma Co. Ltd. | 141,800 | 1,470,415 | |
Daito Trust Construction Co. Ltd. | 58,863 | 5,184,318 | |
Daiwa House Industry Co. Ltd. | 382,184 | 4,931,558 | |
Daiwa Securities Group, Inc. | 1,331,985 | 5,521,606 | |
DeNA Co. Ltd. | 80,000 | 2,602,866 | |
Denki Kagaku Kogyo KK | 363,358 | 1,457,097 | |
Denso Corp. | 387,938 | 12,822,307 | |
Dentsu, Inc. | 146,200 | 4,540,931 | |
East Japan Railway Co. | 272,300 | 17,451,049 | |
Eisai Co. Ltd. | 201,878 | 8,169,982 | |
Electric Power Development Co. Ltd. | 97,280 | 2,485,400 | |
FamilyMart Co. Ltd. | 54,000 | 2,105,665 | |
Fanuc Corp. | 156,272 | 28,315,230 | |
Fast Retailing Co. Ltd. | 42,800 | 8,860,619 | |
Fuji Electric Co. Ltd. | 487,153 | 1,264,399 | |
Fuji Heavy Industries Ltd. | 487,000 | 3,678,185 | |
Fujifilm Holdings Corp. | 381,605 | 9,655,717 | |
Fujitsu Ltd. | 1,500,075 | 8,137,439 | |
Fukuoka Financial Group, Inc. | 626,300 | 2,727,231 | |
Furukawa Electric Co. Ltd. | 533,790 | 1,556,163 | |
GREE, Inc. (d) | 76,000 | 2,376,432 | |
GS Yuasa Corp. (d) | 301,000 | 1,621,723 | |
Gunma Bank Ltd. | 320,663 | 1,727,663 | |
Hakuhodo DY Holdings, Inc. | 17,940 | 1,093,458 | |
Hamamatsu Photonics KK | 53,700 | 1,912,974 | |
Hino Motors Ltd. | 228,000 | 1,621,059 | |
Hirose Electric Co. Ltd. | 27,198 | 2,793,570 | |
Hiroshima Bank Ltd. | 389,000 | 1,789,606 | |
Hisamitsu Pharmaceutical Co., Inc. | 50,700 | 2,288,812 | |
Hitachi Chemical Co. Ltd. | 87,300 | 1,611,874 | |
Hitachi Construction Machinery Co. Ltd. (d) | 86,800 | 1,814,050 | |
Hitachi High-Technologies Corp. | 57,700 | 1,320,155 | |
Hitachi Ltd. | 3,691,271 | 21,656,777 | |
Hitachi Metals Ltd. | 143,000 | 1,787,170 | |
Hokkaido Electric Power Co., Inc. | 151,000 | 2,230,777 | |
| |||
Shares | Value | ||
Hokuhoku Financial Group, Inc. | 1,002,715 | $ 1,936,481 | |
Hokuriku Electric Power Co., Inc. | 137,700 | 2,562,767 | |
Honda Motor Co. Ltd. | 1,327,660 | 50,989,356 | |
Hoya Corp. | 350,616 | 8,159,979 | |
Ibiden Co. Ltd. | 100,500 | 2,419,319 | |
Idemitsu Kosan Co. Ltd. | 17,400 | 1,793,616 | |
INPEX Corp. | 1,789 | 12,697,620 | |
Isetan Mitsukoshi Holdings Ltd. | 301,987 | 3,398,956 | |
Ishikawajima-Harima Heavy Industries Co. Ltd. | 1,095,185 | 2,775,178 | |
Isuzu Motors Ltd. | 984,000 | 5,543,662 | |
Itochu Corp. | 1,215,486 | 13,830,181 | |
ITOCHU Techno-Solutions Corp. | 23,600 | 1,050,889 | |
Iyo Bank Ltd. | 194,000 | 1,758,755 | |
J Front Retailing Co. Ltd. | 376,800 | 1,900,338 | |
Japan Petroleum Exploration Co. Ltd. | 28,300 | 1,373,313 | |
Japan Prime Realty Investment Corp. | 519 | 1,373,871 | |
Japan Real Estate Investment Corp. | 426 | 3,762,446 | |
Japan Retail Fund Investment Corp. | 1,497 | 2,241,035 | |
Japan Steel Works Ltd. | 257,000 | 1,903,118 | |
Japan Tobacco, Inc. | 3,679 | 19,550,133 | |
JFE Holdings, Inc. | 380,875 | 8,203,606 | |
JGC Corp. | 165,117 | 4,779,142 | |
Joyo Bank Ltd. | 529,941 | 2,392,378 | |
JS Group Corp. | 211,859 | 4,430,289 | |
JSR Corp. | 141,716 | 2,975,696 | |
JTEKT Corp. | 185,700 | 2,096,963 | |
Jupiter Telecommunications Co. | 1,847 | 1,799,402 | |
JX Holdings, Inc. | 1,824,968 | 11,448,843 | |
Kajima Corp. | 690,317 | 2,131,368 | |
Kamigumi Co. Ltd. | 210,663 | 1,808,756 | |
Kaneka Corp. | 216,559 | 1,244,026 | |
Kansai Electric Power Co., Inc. | 607,136 | 10,052,341 | |
Kansai Paint Co. Ltd. | 167,000 | 1,577,662 | |
Kao Corp. | 422,750 | 10,811,210 | |
Kawasaki Heavy Industries Ltd. | 1,171,945 | 3,676,069 | |
Kawasaki Kisen Kaisha Ltd. (d) | 533,000 | 1,121,139 | |
KDDI Corp. | 2,353 | 14,935,089 | |
Keihin Electric Express Railway Co. Ltd. | 378,061 | 3,366,950 | |
Keio Corp. | 466,410 | 3,350,556 | |
Keisei Electric Railway Co. | 224,000 | 1,644,972 | |
Keyence Corp. | 33,420 | 8,764,554 | |
Kikkoman Corp. | 135,849 | 1,497,272 | |
Kinden Corp. | 102,000 | 806,766 | |
Kintetsu Corp. (d) | 1,317,100 | 5,022,462 | |
Kirin Holdings Co. Ltd. | 654,256 | 7,693,816 | |
Kobe Steel Ltd. | 2,026,000 | 3,513,943 | |
Koito Manufacturing Co. Ltd. | 79,000 | 1,353,675 | |
Komatsu Ltd. | 764,645 | 22,780,863 | |
Konami Corp. | 78,100 | 2,146,201 | |
Konica Minolta Holdings, Inc. | 394,500 | 3,328,950 | |
Kubota Corp. | 1,028,864 | 10,124,746 | |
Kuraray Co. Ltd. | 279,386 | 4,027,805 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Kurita Water Industries Ltd. | 89,300 | $ 2,294,701 | |
Kyocera Corp. | 123,402 | 10,914,083 | |
Kyowa Hakko Kirin Co., Ltd. | 210,689 | 2,249,561 | |
Kyushu Electric Power Co., Inc. | 328,270 | 4,825,422 | |
Lawson, Inc. | 50,516 | 2,970,250 | |
Mabuchi Motor Co. Ltd. | 20,821 | 968,121 | |
Makita Corp. | 91,700 | 3,812,609 | |
Marubeni Corp. | 1,342,244 | 9,592,765 | |
Marui Group Co. Ltd. | 181,649 | 1,479,201 | |
Maruichi Steel Tube Ltd. | 41,800 | 931,688 | |
Mazda Motor Corp. (a)(d) | 1,363,000 | 2,246,657 | |
McDonald's Holdings Co. (Japan) Ltd. | 48,900 | 1,274,606 | |
Medipal Holdings Corp. | 118,000 | 1,418,119 | |
Meiji Holdings Co. Ltd. | 54,229 | 2,298,037 | |
Miraca Holdings, Inc. | 44,500 | 1,699,643 | |
Mitsubishi Chemical Holdings Corp. | 1,097,275 | 6,316,806 | |
Mitsubishi Corp. | 1,129,702 | 27,667,591 | |
Mitsubishi Electric Corp. | 1,547,106 | 13,873,428 | |
Mitsubishi Estate Co. Ltd. | 1,017,723 | 18,402,766 | |
Mitsubishi Gas Chemical Co., Inc. | 312,867 | 1,985,846 | |
Mitsubishi Heavy Industries Ltd. | 2,441,256 | 11,441,277 | |
Mitsubishi Logistics Corp. | 99,000 | 1,160,551 | |
Mitsubishi Materials Corp. | 936,937 | 3,019,589 | |
Mitsubishi Motors Corp. of Japan (a)(d) | 3,161,000 | 3,771,659 | |
Mitsubishi Tanabe Pharma Corp. | 172,500 | 2,355,311 | |
Mitsubishi UFJ Financial Group, Inc. | 10,363,630 | 53,557,142 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 47,720 | 2,036,883 | |
Mitsui & Co. Ltd. | 1,415,423 | 24,357,917 | |
Mitsui Chemicals, Inc. | 650,683 | 2,225,105 | |
Mitsui Fudosan Co. Ltd. | 684,677 | 12,986,924 | |
Mitsui OSK Lines Ltd. (d) | 939,285 | 4,274,992 | |
Mizuho Financial Group, Inc. | 18,453,700 | 31,016,132 | |
MS&AD Insurance Group Holdings, Inc. | 453,484 | 9,722,894 | |
Murata Manufacturing Co. Ltd. | 163,454 | 9,741,493 | |
Nabtesco Corp. | 82,300 | 1,917,414 | |
Namco Bandai Holdings, Inc. | 159,150 | 2,221,973 | |
NEC Corp. (a) | 2,115,951 | 4,138,461 | |
NGK Insulators Ltd. | 209,309 | 2,875,923 | |
NGK Spark Plug Co. Ltd. | 135,000 | 1,820,038 | |
NHK Spring Co. Ltd. | 119,900 | 1,235,946 | |
Nidec Corp. | 89,842 | 8,487,442 | |
Nikon Corp. | 275,638 | 7,462,689 | |
Nintendo Co. Ltd. | 80,096 | 11,823,015 | |
Nippon Building Fund, Inc. | 491 | 4,704,951 | |
Nippon Electric Glass Co. Ltd. | 328,000 | 3,066,363 | |
Nippon Express Co. Ltd. | 687,546 | 2,697,917 | |
Nippon Meat Packers, Inc. | 139,740 | 1,796,277 | |
Nippon Paper Group, Inc. (d) | 76,700 | 1,644,481 | |
Nippon Sheet Glass Co. Ltd. (d) | 700,000 | 1,171,044 | |
Nippon Steel Corp. (d) | 4,089,661 | 11,771,704 | |
Nippon Telegraph & Telephone Corp. | 383,600 | 18,055,856 | |
Nippon Yusen KK | 1,256,578 | 3,740,598 | |
| |||
Shares | Value | ||
Nishi-Nippon City Bank Ltd. | 502,000 | $ 1,426,435 | |
Nissan Motor Co. Ltd. | 2,045,348 | 20,932,771 | |
Nisshin Seifun Group, Inc. | 152,090 | 1,818,457 | |
Nisshin Steel Co. Ltd. | 565,000 | 973,000 | |
Nissin Food Holdings Co. Ltd. | 45,823 | 1,719,173 | |
Nitori Holdings Co. Ltd. | 29,300 | 2,476,056 | |
Nitto Denko Corp. | 133,194 | 5,472,267 | |
NKSJ Holdings, Inc. | 312,903 | 7,336,160 | |
NOK Corp. | 83,600 | 1,670,046 | |
Nomura Holdings, Inc. | 2,887,547 | 13,419,371 | |
Nomura Real Estate Holdings, Inc. | 73,400 | 1,271,262 | |
Nomura Real Estate Office Fund, Inc. (a) | 213 | 1,232,751 | |
Nomura Research Institute Ltd. | 84,700 | 2,013,963 | |
NSK Ltd. | 357,576 | 2,823,837 | |
NTN Corp. | 398,611 | 1,735,756 | |
NTT Data Corp. | 1,028 | 3,463,549 | |
NTT DoCoMo, Inc. | 12,169 | 20,755,758 | |
NTT Urban Development Co. | 844 | 676,903 | |
Obayashi Corp. | 548,704 | 2,477,082 | |
Odakyu Electric Railway Co. Ltd. | 491,000 | 4,686,832 | |
Oji Paper Co. Ltd. | 700,352 | 3,480,438 | |
Olympus Corp. | 179,929 | 3,007,854 | |
Omron Corp. | 162,960 | 3,608,193 | |
Ono Pharmaceutical Co. Ltd. | 66,500 | 3,631,958 | |
Oracle Corp. Japan | 29,300 | 1,055,658 | |
Oriental Land Co. Ltd. | 39,256 | 4,065,878 | |
ORIX Corp. | 85,388 | 8,224,221 | |
Osaka Gas Co. Ltd. | 1,538,525 | 5,904,666 | |
Otsuka Corp. | 13,500 | 999,693 | |
Otsuka Holdings Co. Ltd. | 201,600 | 5,661,514 | |
Panasonic Corp. | 1,769,873 | 16,679,206 | |
Rakuten, Inc. | 5,876 | 5,840,222 | |
Resona Holdings, Inc. | 1,529,800 | 7,320,158 | |
Ricoh Co. Ltd. | 538,770 | 4,950,627 | |
Rinnai Corp. | 27,200 | 1,974,045 | |
ROHM Co. Ltd. | 76,344 | 3,840,912 | |
Sankyo Co. Ltd. (Gunma) | 43,100 | 2,072,957 | |
Sanrio Co. Ltd. (d) | 36,000 | 1,472,415 | |
Santen Pharmaceutical Co. Ltd. | 58,500 | 2,313,519 | |
SBI Holdings, Inc. Japan | 20,126 | 1,943,405 | |
Secom Co. Ltd. | 172,067 | 8,159,399 | |
Sega Sammy Holdings, Inc. | 176,500 | 3,345,673 | |
Seiko Epson Corp. | 106,600 | 1,442,401 | |
Sekisui Chemical Co. Ltd. | 350,293 | 3,007,621 | |
Sekisui House Ltd. | 464,467 | 4,399,282 | |
Seven & i Holdings Co., Ltd. | 617,800 | 17,068,440 | |
Seven Bank Ltd. | 488,000 | 1,068,504 | |
Sharp Corp. | 800,675 | 5,633,632 | |
Shikoku Electric Power Co., Inc. | 149,300 | 4,110,135 | |
Shimadzu Corp. | 210,000 | 1,818,562 | |
Shimamura Co. Ltd. | 18,300 | 2,001,193 | |
SHIMANO, Inc. | 58,600 | 3,395,117 | |
SHIMIZU Corp. | 472,416 | 1,911,863 | |
Shin-Etsu Chemical Co., Ltd. | 337,962 | 18,104,737 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Shinsei Bank Ltd. | 1,073,000 | $ 1,385,879 | |
Shionogi & Co. Ltd. | 235,891 | 3,264,375 | |
Shiseido Co. Ltd. | 290,350 | 5,039,472 | |
Shizuoka Bank Ltd. | 472,274 | 4,798,553 | |
Showa Denko KK | 1,227,336 | 2,777,906 | |
Showa Shell Sekiyu KK | 150,800 | 1,016,525 | |
SMC Corp. | 43,271 | 7,377,281 | |
SOFTBANK CORP. | 716,630 | 21,341,550 | |
Sojitz Corp. | 1,019,700 | 1,894,024 | |
Sony Corp. | 805,585 | 17,386,545 | |
Sony Financial Holdings, Inc. | 132,700 | 2,427,270 | |
Square Enix Holdings Co. Ltd. | 51,100 | 996,920 | |
Stanley Electric Co. Ltd. | 124,225 | 2,104,162 | |
Sumco Corp. (a)(d) | 92,300 | 992,314 | |
Sumitomo Chemical Co. Ltd. | 1,269,334 | 5,496,102 | |
Sumitomo Corp. | 907,842 | 13,456,543 | |
Sumitomo Electric Industries Ltd. | 620,606 | 8,069,138 | |
Sumitomo Heavy Industries Ltd. | 461,822 | 2,539,325 | |
Sumitomo Metal Industries Ltd. | 2,799,966 | 5,820,706 | |
Sumitomo Metal Mining Co. Ltd. | 422,065 | 6,256,084 | |
Sumitomo Mitsui Financial Group, Inc. | 1,097,200 | 37,237,408 | |
Sumitomo Mitsui Trust Holdings, Inc. | 2,517,722 | 8,733,595 | |
Sumitomo Realty & Development Co. Ltd. | 294,000 | 6,856,806 | |
Sumitomo Rubber Industries Ltd. | 136,500 | 1,717,689 | |
Suzuken Co. Ltd. | 59,860 | 1,763,512 | |
Suzuki Motor Corp. | 271,900 | 6,445,062 | |
Sysmex Corp. | 58,400 | 2,100,518 | |
T&D Holdings, Inc. | 463,500 | 5,410,684 | |
Taisei Corp. | 862,594 | 2,281,293 | |
Taisho Pharmaceutical Holdings Co. Ltd. (a) | 31,557 | 2,527,044 | |
Taiyo Nippon Sanso Corp. | 203,000 | 1,340,931 | |
Takashimaya Co. Ltd. | 239,000 | 1,831,564 | |
Takeda Pharmaceutical Co. Ltd. | 643,042 | 29,029,636 | |
TDK Corp. | 101,025 | 5,269,033 | |
Teijin Ltd. | 774,341 | 2,590,821 | |
Terumo Corp. | 135,712 | 6,535,611 | |
The Chugoku Bank Ltd. | 143,000 | 1,903,266 | |
The Hachijuni Bank Ltd. | 362,000 | 2,124,042 | |
The Suruga Bank Ltd. | 176,000 | 1,630,211 | |
THK Co. Ltd. | 100,900 | 2,136,034 | |
Tobu Railway Co. Ltd. | 829,297 | 4,315,058 | |
Toho Co. Ltd. | 87,654 | 1,549,404 | |
Toho Gas Co. Ltd. | 344,000 | 2,005,732 | |
Tohoku Electric Power Co., Inc. | 359,590 | 4,228,649 | |
Tokio Marine Holdings, Inc. | 590,800 | 16,315,223 | |
Tokyo Electric Power Co. (a) | 1,168,418 | 3,233,828 | |
Tokyo Electron Ltd. | 138,718 | 7,695,654 | |
Tokyo Gas Co. Ltd. | 2,013,395 | 9,188,383 | |
Tokyu Corp. | 922,954 | 4,439,080 | |
Tokyu Land Corp. | 342,000 | 1,644,898 | |
TonenGeneral Sekiyu KK | 234,856 | 2,172,480 | |
| |||
Shares | Value | ||
Toppan Printing Co. Ltd. | 440,013 | $ 3,458,618 | |
Toray Industries, Inc. | 1,180,883 | 8,395,970 | |
Toshiba Corp. | 3,242,880 | 14,200,939 | |
Tosoh Corp. | 421,816 | 1,240,101 | |
Toto Ltd. | 243,185 | 1,839,705 | |
Toyo Seikan Kaisha Ltd. | 124,100 | 1,818,108 | |
Toyo Suisan Kaisha Ltd. | 71,000 | 1,822,708 | |
Toyoda Gosei Co. Ltd. | 56,800 | 1,064,105 | |
Toyota Boshoku Corp. | 55,500 | 695,670 | |
Toyota Industries Corp. | 147,886 | 4,609,670 | |
Toyota Motor Corp. | 2,245,351 | 93,332,507 | |
Toyota Tsusho Corp. | 174,800 | 3,506,966 | |
Trend Micro, Inc. | 85,800 | 2,505,556 | |
Tsumura & Co. | 52,800 | 1,521,747 | |
Ube Industries Ltd. | 844,605 | 2,441,505 | |
Unicharm Corp. | 94,380 | 4,881,824 | |
Ushio, Inc. | 80,600 | 1,194,698 | |
USS Co. Ltd. | 17,940 | 1,756,595 | |
West Japan Railway Co. | 136,100 | 5,549,806 | |
Yahoo! Japan Corp. | 11,652 | 3,683,577 | |
Yakult Honsha Co. Ltd. | 78,166 | 2,415,315 | |
Yamada Denki Co. Ltd. | 67,285 | 4,361,793 | |
Yamaguchi Financial Group, Inc. | 163,000 | 1,487,742 | |
Yamaha Corp. | 125,043 | 1,195,134 | |
Yamaha Motor Co. Ltd. | 230,200 | 3,301,719 | |
Yamato Holdings Co. Ltd. | 323,232 | 5,097,281 | |
Yamato Kogyo Co. Ltd. | 39,700 | 1,249,186 | |
Yamazaki Baking Co. Ltd. | 95,000 | 1,278,430 | |
Yaskawa Electric Corp. | 174,000 | 1,669,475 | |
Yokogawa Electric Corp. (a) | 190,400 | 1,810,434 | |
TOTAL JAPAN | 1,823,563,291 | ||
Luxembourg - 0.5% | |||
ArcelorMittal SA (Netherlands) | 698,012 | 14,710,706 | |
Millicom International Cellular SA (depositary receipt) | 60,657 | 6,797,163 | |
SES SA FDR (France) unit | 247,161 | 5,961,395 | |
Subsea 7 SA (a) | 247,387 | 5,943,112 | |
Tenaris SA | 396,241 | 7,706,935 | |
TOTAL LUXEMBOURG | 41,119,311 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a) | 5,796,476 | 77 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 5,598,680 | 3,267,930 | |
Netherlands - 2.6% | |||
AEGON NV (a) | 1,419,004 | 7,425,756 | |
Akzo Nobel NV | 188,640 | 10,699,362 | |
ASML Holding NV (Netherlands) | 350,089 | 15,916,959 | |
Corio NV | 50,371 | 2,420,450 | |
Delta Lloyd NV | 83,533 | 1,549,611 | |
European Aeronautic Defence and Space Co. EADS NV | 331,301 | 12,033,658 | |
Common Stocks - continued | |||
Shares | Value | ||
Netherlands - continued | |||
Fugro NV (Certificaten Van Aandelen) unit | 56,893 | $ 4,177,702 | |
Heineken Holding NV (A Shares) | 93,571 | 4,175,952 | |
Heineken NV (Bearer) | 211,837 | 11,183,953 | |
ING Groep NV (Certificaten Van Aandelen) (a) | 3,107,277 | 27,381,240 | |
Koninklijke Ahold NV | 955,812 | 13,217,194 | |
Koninklijke Boskalis Westminster NV | 59,403 | 2,275,179 | |
Koninklijke KPN NV | 1,207,062 | 13,081,471 | |
Koninklijke Philips Electronics NV | 814,756 | 17,081,562 | |
QIAGEN NV (a) | 191,319 | 2,932,339 | |
Randstad Holding NV | 96,168 | 3,638,466 | |
Reed Elsevier NV | 557,435 | 6,878,842 | |
Royal DSM NV | 124,929 | 6,948,470 | |
SBM Offshore NV | 141,961 | 2,575,820 | |
STMicroelectronics NV | 519,313 | 3,848,401 | |
TNT Express NV (d) | 295,665 | 3,683,218 | |
Unilever NV (Certificaten Van Aandelen) (Bearer) | 1,344,017 | 44,685,569 | |
Vopak NV | 60,474 | 3,375,609 | |
Wolters Kluwer NV (Certificaten Van Aandelen) | 245,818 | 4,576,515 | |
TOTAL NETHERLANDS | 225,763,298 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 746,760 | 1,497,200 | |
Contact Energy Ltd. | 253,005 | 1,018,732 | |
Fletcher Building Ltd. | 568,086 | 3,097,245 | |
Sky City Entertainment Group Ltd. | 557,243 | 1,746,692 | |
Telecom Corp. of New Zealand Ltd. | 1,520,309 | 2,711,497 | |
TOTAL NEW ZEALAND | 10,071,366 | ||
Norway - 0.8% | |||
Aker Solutions ASA | 130,953 | 2,271,037 | |
DnB NOR ASA | 843,002 | 10,819,608 | |
Gjensidige Forsikring ASA | 168,569 | 2,017,274 | |
Norsk Hydro ASA | 728,329 | 4,377,517 | |
Orkla ASA (A Shares) | 618,294 | 5,140,699 | |
StatoilHydro ASA | 908,754 | 25,915,001 | |
Telenor ASA | 592,436 | 10,947,193 | |
Yara International ASA | 151,029 | 7,405,091 | |
TOTAL NORWAY | 68,893,420 | ||
Portugal - 0.2% | |||
Banco Espirito Santo SA (Reg.) (d) | 592,720 | 1,309,982 | |
Cimpor-Cimentos de Portugal SGPS SA | 163,860 | 1,110,900 | |
Energias de Portugal SA | 1,481,927 | 4,323,549 | |
Galp Energia SGPS SA Class B | 181,449 | 3,164,198 | |
Jeronimo Martins SGPS SA (a) | 174,636 | 3,224,530 | |
Portugal Telecom SGPS SA (Reg.) (d) | 520,490 | 2,683,942 | |
TOTAL PORTUGAL | 15,817,101 | ||
Singapore - 1.6% | |||
Ascendas Real Estate Investment Trust | 1,480,183 | 2,438,074 | |
| |||
Shares | Value | ||
CapitaLand Ltd. | 2,041,437 | $ 5,027,486 | |
CapitaMall Trust | 1,736,200 | 2,498,829 | |
CapitaMalls Asia Ltd. | 1,109,000 | 1,365,578 | |
City Developments Ltd. | 401,000 | 3,568,648 | |
ComfortDelgro Corp. Ltd. | 1,529,784 | 1,871,482 | |
Cosco Corp. Singapore Ltd. | 929,000 | 895,091 | |
DBS Group Holdings Ltd. | 1,405,911 | 15,962,848 | |
Fraser & Neave Ltd. | 733,150 | 3,921,779 | |
Global Logistic Properties Ltd. (a) | 1,517,000 | 2,644,273 | |
Hutchison Port Holdings Trust | 4,131,000 | 3,284,145 | |
Jardine Cycle & Carriage Ltd. | 90,267 | 3,449,294 | |
Keppel Corp. Ltd. | 1,133,400 | 10,014,049 | |
Keppel Land Ltd. | 596,000 | 1,629,809 | |
Neptune Orient Lines Ltd. | 1,052,750 | 1,127,961 | |
Olam International Ltd. | 1,164,700 | 2,216,436 | |
Oversea-Chinese Banking Corp. Ltd. | 2,107,793 | 15,134,515 | |
SembCorp Industries Ltd. | 839,130 | 3,549,352 | |
SembCorp Marine Ltd. | 695,800 | 2,976,476 | |
Singapore Airlines Ltd. | 427,425 | 3,766,220 | |
Singapore Exchange Ltd. | 687,000 | 3,960,557 | |
Singapore Press Holdings Ltd. | 1,216,021 | 3,685,059 | |
Singapore Technologies Engineering Ltd. | 1,225,161 | 3,115,190 | |
Singapore Telecommunications Ltd. | 6,394,827 | 16,208,853 | |
StarHub Ltd. | 501,000 | 1,177,740 | |
United Overseas Bank Ltd. | 1,029,829 | 14,863,002 | |
UOL Group Ltd. | 382,984 | 1,436,209 | |
Wilmar International Ltd. | 1,527,000 | 6,239,132 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,683,000 | 1,830,152 | |
TOTAL SINGAPORE | 139,858,239 | ||
Spain - 3.0% | |||
Abertis Infraestructuras SA | 309,894 | 5,294,683 | |
Acerinox SA | 79,322 | 1,132,284 | |
Actividades de Construccion y Servicios SA (ACS) (d) | 112,095 | 3,335,352 | |
Amadeus IT Holding SA Class A | 253,876 | 4,836,455 | |
Banco Bilbao Vizcaya Argentaria SA | 3,867,624 | 34,621,855 | |
Banco de Sabadell SA (d) | 1,090,129 | 3,529,016 | |
Banco Popular Espanol SA (d) | 840,855 | 3,451,296 | |
Banco Santander SA (Spain) | 6,984,813 | 57,813,609 | |
Bankia SA (d) | 698,556 | 2,825,351 | |
Bankinter SA (d) | 172,053 | 1,063,530 | |
Cintra Concesiones de Infrastructuras de Transporte SA | 331,714 | 4,198,139 | |
Criteria CaixaCorp SA | 577,854 | 2,725,922 | |
Distribuidora Internacional de Alimentacion SA (a) | 495,484 | 2,422,507 | |
EDP Renovaveis SA (a) | 164,836 | 858,615 | |
Enagas SA | 138,798 | 2,846,639 | |
Fomento Construcciones y Contratas SA (FOCSA) (d) | 43,595 | 1,104,629 | |
Gas Natural SDG SA | 278,508 | 4,712,060 | |
Grifols SA (a)(d) | 113,065 | 2,349,753 | |
Grupo Acciona SA | 20,633 | 1,623,124 | |
Common Stocks - continued | |||
Shares | Value | ||
Spain - continued | |||
Iberdrola SA | 3,115,087 | $ 18,433,940 | |
Inditex SA | 174,589 | 16,120,637 | |
Indra Sistemas (d) | 87,446 | 1,111,834 | |
International Consolidated Airlines Group SA CDI (a) | 781,207 | 2,040,586 | |
MAPFRE SA (Reg.) | 647,428 | 2,226,122 | |
Red Electrica Corporacion SA | 88,836 | 4,484,772 | |
Repsol YPF SA | 648,692 | 16,912,149 | |
Telefonica SA | 3,316,711 | 56,443,072 | |
Zardoya Otis SA | 118,140 | 1,592,747 | |
TOTAL SPAIN | 260,110,678 | ||
Sweden - 3.1% | |||
Alfa Laval AB | 271,007 | 5,565,902 | |
ASSA ABLOY AB (B Shares) | 250,701 | 7,615,312 | |
Atlas Copco AB: | |||
(A Shares) | 539,550 | 14,073,693 | |
(B Shares) | 313,958 | 7,278,343 | |
Boliden AB | 233,547 | 4,090,659 | |
Electrolux AB (B Shares) | 222,944 | 4,895,499 | |
Getinge AB (B Shares) | 162,614 | 4,647,132 | |
H&M Hennes & Mauritz AB (B Shares) | 821,192 | 29,511,558 | |
Hexagon AB (B Shares) | 205,827 | 4,137,039 | |
Holmen AB (B Shares) | 42,486 | 1,234,056 | |
Husqvarna AB (B Shares) | 388,141 | 2,335,750 | |
Industrivarden AB Series C | 92,632 | 1,396,399 | |
Investment AB Kinnevik | 168,184 | 3,832,848 | |
Investor AB (B Shares) | 369,877 | 8,233,712 | |
Lundin Petroleum AB (a) | 183,500 | 4,281,727 | |
Modern Times Group MTG AB (B Shares) | 39,453 | 1,929,408 | |
Nordea Bank AB | 2,135,498 | 20,589,957 | |
Ratos AB (B Shares) | 158,838 | 2,057,173 | |
Sandvik AB | 817,775 | 12,494,549 | |
Scania AB (B Shares) | 255,963 | 5,129,279 | |
Securitas AB (B Shares) | 258,383 | 2,483,457 | |
Skandinaviska Enskilda Banken AB (A Shares) | 1,136,870 | 8,506,273 | |
Skanska AB (B Shares) | 329,711 | 6,014,178 | |
SKF AB (B Shares) | 314,243 | 7,945,059 | |
SSAB Svenskt Stal AB (A Shares) (d) | 135,516 | 1,420,276 | |
Svenska Cellulosa AB (SCA) (B Shares) | 467,856 | 8,357,286 | |
Svenska Handelsbanken AB (A Shares) | 395,774 | 13,290,059 | |
Swedbank AB (A Shares) | 658,052 | 11,257,507 | |
Swedish Match Co. AB | 169,807 | 6,484,797 | |
Tele2 AB (B Shares) | 258,470 | 5,261,545 | |
Telefonaktiebolaget LM Ericsson (B Shares) | 2,431,137 | 24,354,670 | |
TeliaSonera AB | 1,820,331 | 13,281,686 | |
Volvo AB (B Shares) | 1,176,739 | 17,169,910 | |
TOTAL SWEDEN | 271,156,698 | ||
Switzerland - 8.1% | |||
ABB Ltd. (Reg.) | 1,782,115 | 36,475,268 | |
| |||
Shares | Value | ||
Actelion Ltd. | 93,651 | $ 3,530,543 | |
Adecco SA (Reg.) | 109,330 | 5,478,583 | |
Aryzta AG | 75,307 | 3,737,052 | |
Baloise Holdings AG | 42,547 | 3,348,084 | |
Barry Callebaut AG | 1,450 | 1,419,872 | |
Compagnie Financiere Richemont SA Series A | 430,811 | 26,449,548 | |
Credit Suisse Group | 932,374 | 25,021,328 | |
GAM Holding Ltd. | 169,667 | 2,240,850 | |
Geberit AG (Reg.) | 33,390 | 7,166,598 | |
Givaudan SA | 7,026 | 6,635,408 | |
Holcim Ltd. (Reg.) | 201,801 | 13,158,995 | |
Julius Baer Group Ltd. | 172,991 | 6,777,775 | |
Kuehne & Nagel International AG | 47,305 | 6,226,819 | |
Lindt & Spruengli AG | 95 | 3,455,405 | |
Lindt & Spruengli AG (participation certificate) | 786 | 2,410,643 | |
Lonza Group AG | 42,250 | 2,195,151 | |
Nestle SA | 2,684,797 | 164,090,698 | |
Novartis AG | 1,892,178 | 103,124,070 | |
Pargesa Holding SA | 25,862 | 1,919,356 | |
Partners Group Holding AG | 11,200 | 2,085,765 | |
Roche Holding AG (participation certificate) | 569,823 | 99,190,012 | |
Schindler Holding AG: | |||
(participation certificate) | 43,314 | 5,337,656 | |
(Reg.) | 19,170 | 2,330,570 | |
SGS SA (Reg.) | 4,533 | 8,491,860 | |
Sika AG (Bearer) | 1,692 | 3,683,952 | |
Sonova Holding AG Class B | 41,021 | 4,579,046 | |
Straumann Holding AG | 6,716 | 1,064,406 | |
Sulzer AG (Reg.) | 20,843 | 2,992,380 | |
Swatch Group AG: | |||
(Bearer) | 24,722 | 11,207,962 | |
(Reg.) | 44,941 | 3,571,240 | |
Swiss Life Holding AG | 26,421 | 3,045,657 | |
Swiss Re Ltd. | 284,736 | 16,899,119 | |
Swisscom AG | 19,927 | 7,937,324 | |
Syngenta AG (Switzerland) | 77,162 | 25,184,687 | |
Transocean Ltd. (Switzerland) | 280,660 | 14,957,366 | |
UBS AG (a) | 2,943,476 | 41,217,735 | |
Zurich Financial Services AG | 119,808 | 30,163,862 | |
TOTAL SWITZERLAND | 708,802,645 | ||
United Kingdom - 21.2% | |||
3I Group PLC | 740,618 | 2,232,642 | |
Admiral Group PLC | 164,130 | 2,812,026 | |
Aggreko PLC | 219,169 | 7,715,714 | |
AMEC PLC | 269,611 | 4,743,603 | |
Anglo American PLC (United Kingdom) | 1,066,102 | 44,934,330 | |
Antofagasta PLC | 313,754 | 6,638,294 | |
ARM Holdings PLC | 1,089,167 | 9,818,018 | |
Associated British Foods PLC | 287,129 | 5,472,043 | |
AstraZeneca PLC (United Kingdom) | 1,093,364 | 48,922,382 | |
Common Stocks - continued | |||
Shares | Value | ||
United Kingdom - continued | |||
Aviva PLC | 2,363,412 | $ 13,830,317 | |
Babcock International Group PLC | 280,438 | 3,359,289 | |
BAE Systems PLC | 2,702,510 | 13,443,451 | |
Balfour Beatty PLC | 535,142 | 2,365,774 | |
Barclays PLC | 9,423,555 | 36,488,559 | |
BG Group PLC | 2,738,044 | 66,097,450 | |
BHP Billiton PLC | 1,711,603 | 55,354,419 | |
BP PLC | 15,433,943 | 120,756,710 | |
British American Tobacco PLC (United Kingdom) | 1,602,114 | 80,806,284 | |
British Land Co. PLC | 686,503 | 5,136,095 | |
British Sky Broadcasting Group PLC | 926,846 | 9,878,658 | |
BT Group PLC | 6,281,623 | 21,385,072 | |
Bunzl PLC | 266,917 | 4,084,763 | |
Burberry Group PLC | 365,904 | 8,218,971 | |
Capita Group PLC | 488,952 | 5,965,917 | |
Capital Shopping Centres Group PLC | 425,008 | 2,249,394 | |
Carnival PLC | 148,860 | 4,368,122 | |
Centrica PLC | 4,224,627 | 20,430,432 | |
Cobham PLC | 884,912 | 2,638,064 | |
Compass Group PLC | 1,516,174 | 15,195,157 | |
Diageo PLC | 2,030,296 | 48,472,850 | |
Essar Energy PLC (a) | 254,067 | 423,974 | |
Eurasian Natural Resources Corp. PLC | 198,850 | 2,215,896 | |
Fresnillo PLC | 140,712 | 4,257,525 | |
G4S PLC (United Kingdom) | 1,125,347 | 5,177,264 | |
GKN PLC | 1,213,991 | 4,225,503 | |
GlaxoSmithKline PLC | 4,109,110 | 90,796,758 | |
Hammerson PLC | 572,593 | 3,568,832 | |
HSBC Holdings PLC (United Kingdom) | 14,617,782 | 129,498,954 | |
ICAP PLC | 444,246 | 2,719,407 | |
Imperial Tobacco Group PLC | 816,687 | 32,362,715 | |
Inmarsat PLC | 348,656 | 2,660,063 | |
InterContinental Hotel Group PLC | 232,965 | 5,292,818 | |
International Power PLC | 1,252,250 | 6,890,602 | |
Intertek Group PLC | 127,533 | 4,696,660 | |
Invensys PLC | 628,501 | 2,080,624 | |
Investec PLC | 414,182 | 2,635,523 | |
ITV PLC | 2,957,511 | 4,043,783 | |
J Sainsbury PLC | 969,434 | 4,600,310 | |
Johnson Matthey PLC | 170,429 | 6,257,414 | |
Kazakhmys PLC | 179,153 | 3,160,612 | |
Kingfisher PLC | 1,920,650 | 8,683,362 | |
Land Securities Group PLC | 628,100 | 6,744,475 | |
Legal & General Group PLC | 4,706,485 | 9,044,388 | |
Lloyds Banking Group PLC (a) | 33,257,510 | 18,512,990 | |
London Stock Exchange Group PLC | 119,225 | 1,710,761 | |
Lonmin PLC | 121,156 | 2,125,867 | |
Man Group PLC | 1,564,544 | 3,257,940 | |
Marks & Spencer Group PLC | 1,279,633 | 7,389,374 | |
Meggitt PLC | 600,800 | 3,693,028 | |
National Grid PLC | 2,905,078 | 29,585,304 | |
| |||
Shares | Value | ||
Next PLC | 141,023 | $ 6,216,444 | |
Old Mutual PLC | 4,425,209 | 11,200,039 | |
Pearson PLC | 662,834 | 12,620,913 | |
Prudential PLC | 2,048,144 | 23,234,901 | |
Reckitt Benckiser Group PLC | 503,649 | 27,881,928 | |
Reed Elsevier PLC | 974,315 | 8,532,421 | |
Rexam PLC | 706,467 | 4,665,092 | |
Rio Tinto PLC | 1,129,448 | 64,068,870 | |
Rolls-Royce Group PLC | 1,508,127 | 19,528,906 | |
Royal & Sun Alliance Insurance Group PLC | 2,785,980 | 4,844,107 | |
Royal Bank of Scotland Group PLC (a) | 14,315,249 | 6,356,992 | |
Royal Dutch Shell PLC: | |||
Class A (Netherlands) | 54,048 | 1,972,621 | |
Class A (United Kingdom) | 2,909,964 | 105,876,727 | |
Class B | 2,171,810 | 80,497,545 | |
SABMiller PLC | 772,802 | 31,318,288 | |
Sage Group PLC | 1,068,451 | 5,279,243 | |
Schroders PLC | 90,581 | 2,227,728 | |
Scottish & Southern Energy PLC | 760,073 | 15,597,701 | |
Segro PLC | 581,913 | 2,175,412 | |
Serco Group PLC | 383,152 | 3,382,826 | |
Severn Trent PLC | 193,432 | 4,846,458 | |
Smith & Nephew PLC | 721,053 | 7,080,164 | |
Smiths Group PLC | 311,943 | 5,399,080 | |
Standard Chartered PLC (United Kingdom) | 1,938,682 | 49,884,595 | |
Standard Life PLC | 1,861,931 | 6,886,557 | |
Tate & Lyle PLC | 355,571 | 3,945,355 | |
Tesco PLC | 6,467,380 | 32,521,342 | |
The Weir Group PLC | 169,523 | 5,679,402 | |
TUI Travel PLC | 417,156 | 1,313,951 | |
Tullow Oil PLC | 727,600 | 17,072,625 | |
Unilever PLC | 1,043,106 | 33,719,530 | |
United Utilities Group PLC | 560,070 | 5,448,216 | |
Vedanta Resources PLC | 98,910 | 2,265,783 | |
Vodafone Group PLC | 41,056,862 | 110,597,008 | |
Whitbread PLC | 139,577 | 3,768,003 | |
WM Morrison Supermarkets PLC | 1,793,168 | 8,272,458 | |
Xstrata PLC | 1,671,644 | 31,911,015 | |
TOTAL UNITED KINGDOM | 1,850,217,772 | ||
United States of America - 0.1% | |||
Synthes, Inc. | 54,883 | 9,498,981 | |
TOTAL COMMON STOCKS (Cost $9,211,297,963) |
| ||
Nonconvertible Preferred Stocks - 0.8% | |||
|
|
|
|
France - 0.2% | |||
Air Liquide SA (a) | 140,354 | 18,236,120 | |
Nonconvertible Preferred Stocks - continued | |||
Shares | Value | ||
Germany - 0.5% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 42,156 | $ 2,499,692 | |
Henkel AG & Co. KGaA | 144,810 | 9,423,941 | |
Porsche Automobil Holding SE (Germany) | 124,413 | 8,099,032 | |
ProSiebenSat.1 Media AG | 64,324 | 1,671,431 | |
RWE AG (non-vtg.) (d) | 33,986 | 1,428,463 | |
Volkswagen AG | 115,669 | 21,627,127 | |
TOTAL GERMANY | 44,749,686 | ||
Italy - 0.1% | |||
Telecom Italia SpA (Risparmio Shares) | 4,892,596 | 4,607,285 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $53,337,942) |
|
Government Obligations - 0.2% | ||||
| Principal |
| ||
United States of America - 0.2% | ||||
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.09% 3/1/12 to 7/19/12 (e) | $ 18,000,000 |
|
Money Market Funds - 3.2% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 182,929,374 | 182,929,374 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 98,227,619 | 98,227,619 | |
TOTAL MONEY MARKET FUNDS (Cost $281,156,993) |
| ||
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $9,563,790,865) | 8,841,741,643 | ||
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (122,141,676) | ||
NET ASSETS - 100% | $ 8,719,599,967 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
91 CAC 40 Index Contracts (France) | March 2012 | $ 4,183,654 | $ 59,898 | ||
45 CME Nikkei 225 Index Contracts (Japan) | March 2012 | 2,699,889 | 10,413 | ||
17 DAX 100 Index Contracts (Germany) | March 2012 | 3,880,915 | 268,492 | ||
1,228 Euro Stoxx 50 Index Contracts | March 2012 | 41,062,134 | 1,015,731 | ||
518 FTSE 100 Index Contracts (United Kingdom) | March 2012 | 48,230,734 | 1,105,918 | ||
13 FTSE MIB Index Contracts (Italy) | March 2012 | 1,416,575 | 57,379 | ||
35 Hang Seng 100 Index Contracts (Hong Kong) | March 2012 | 4,884,865 | 61,896 | ||
10 IBEX 35 Index Contracts (Spain) | March 2012 | 1,125,642 | (34,718) | ||
75 MSCI Index Contracts (Singapore) | March 2012 | 4,170,231 | 38,996 | ||
30 NYSE E-mini MSCI EAFE Index Contracts | March 2012 | 2,341,050 | (3,328) | ||
392 OMX Stockholm 30 Index Contracts (Sweden) | March 2012 | 6,537,233 | 117,632 | ||
150 SFE SPI 200 Index Contracts (Australia) | March 2012 | 17,242,584 | 146,986 | ||
388 TOPIX Index Contracts (Japan) | March 2012 | 39,780,800 | 3,576,808 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 177,556,306 | $ 6,422,103 |
|
The face value of futures purchased as a percentage of net assets is 2% |
Forward Foreign Currency Contracts | |||||
Settlement | Value | Unrealized | |||
Contracts to Buy | |||||
16,300,000 AUD | March 2012 | $ 17,445,848 | $ 423,830 | ||
39,500,000 EUR | March 2012 | 52,625,006 | (321,605) | ||
30,800,000 GBP | March 2012 | 48,991,089 | 541,913 | ||
3,460,000,000 JPY | March 2012 | 42,563,882 | (2,219,991) | ||
44,200,000 SEK | March 2012 | 6,675,365 | 122,434 | ||
| $ 168,301,190 | $ (1,453,419) |
(Payable Amount $169,754,609) |
The value of contracts to buy as a percentage of net assets is 2% |
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 $15,996,840. |
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 | $ 201,482 |
Fidelity Securities Lending Cash Central Fund | 2,325,423 |
Total | $ 2,526,905 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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: | ||||
United Kingdom | $ 1,850,217,772 | $ 690,302,944 | $ 1,159,914,828 | $ - |
Japan | 1,823,563,291 | 1,407,550,185 | 416,013,106 | - |
France | 751,911,994 | 551,693,459 | 200,218,535 | - |
Australia | 732,115,851 | 726,740,241 | 5,375,610 | - |
Germany | 719,249,519 | 555,151,559 | 164,097,960 | - |
Switzerland | 708,802,645 | 477,779,557 | 231,023,088 | - |
Sweden | 271,156,698 | 246,802,028 | 24,354,670 | - |
Spain | 260,110,678 | 111,232,142 | 148,878,536 | - |
Netherlands | 225,763,298 | 109,423,811 | 116,339,487 | - |
Ireland | 26,479,827 | 7,726,857 | 18,752,966 | 4 |
Austria | 22,179,391 | 22,179,387 | - | 4 |
Malta | 77 | - | - | 77 |
Other | 1,151,036,769 | 871,885,202 | 279,151,567 | - |
Government Obligations | 17,996,840 | - | 17,996,840 | - |
Money Market Funds | 281,156,993 | 281,156,993 | - | - |
Total Investments in Securities: | $ 8,841,741,643 | $ 6,059,624,365 | $ 2,782,117,193 | $ 85 |
Derivative Instruments: | ||||
Assets | ||||
Forward Foreign Currency Contracts | $ 1,088,177 | $ - | $ 1,088,177 | $ - |
Futures Contracts | 6,460,149 | 6,460,149 | - | - |
Total Assets | $ 7,548,326 | $ 6,460,149 | $ 1,088,177 | $ - |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Derivative Instruments: | ||||
Liabilities | ||||
Forward Foreign Currency Contracts | $ (2,541,596) | $ - | $ (2,541,596) | $ - |
Futures Contracts | (38,046) | (38,046) | - | - |
Total Liabilities | $ (2,579,642) | $ (38,046) | $ (2,541,596) | $ - |
Total Derivative Instruments: | $ 4,968,684 | $ 6,422,103 | $ (1,453,419) | $ - |
During the period, transfers from Level 1 to Level 2 were $303,000,786 and transfers from Level 2 to Level 1 were $2,007,476,084. |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 101 |
Total Realized Gain (Loss) | - |
Total Unrealized Gain (Loss) | (16) |
Cost of Purchases | - |
Proceeds of Sales | - |
Amortization/Accretion | - |
Transfers in to Level 3 | - |
Transfers out of Level 3 | - |
Ending Balance | $ 85 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ (3) |
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 29, 2012. 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) | $ 6,460,149 | $ (38,046) |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | 1,088,177 | (2,541,596) |
Total Value of Derivatives | $ 7,548,326 | $ (2,579,642) |
(a) Value is disclosed net on the Statement of Assets and Liabilities as Unrealized depreciation on foreign currency contracts. |
(b) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $92,600,800) - See accompanying schedule: Unaffiliated issuers (cost $9,282,633,872) | $ 8,560,584,650 |
|
Fidelity Central Funds (cost $281,156,993) | 281,156,993 |
|
Total Investments (cost $9,563,790,865) |
| $ 8,841,741,643 |
Cash |
| 1 |
Foreign currency held at value (cost $6,578,643) | 6,614,408 | |
Receivable for investments sold | 1,216,341 | |
Receivable for closed foreign currency contracts | 1,232,667 | |
Receivable for fund shares sold | 20,048,706 | |
Dividends receivable | 32,170,172 | |
Distributions receivable from Fidelity Central Funds | 133,392 | |
Receivable from investment adviser for expense reductions | 173,341 | |
Other receivables | 1,205 | |
Total assets | 8,903,331,876 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 48,997,101 | |
Unrealized depreciation on foreign currency contracts | 1,453,419 | |
Payable for fund shares redeemed | 32,578,375 | |
Accrued management fee | 429,359 | |
Payable for daily variation margin on futures contracts | 1,286,325 | |
Other affiliated payables | 759,711 | |
Collateral on securities loaned, at value | 98,227,619 | |
Total liabilities | 183,731,909 | |
|
|
|
Net Assets | $ 8,719,599,967 | |
Net Assets consist of: |
| |
Paid in capital | $ 9,979,257,298 | |
Undistributed net investment income | 1,453,417 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (543,902,718) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | (717,208,030) | |
Net Assets | $ 8,719,599,967 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
Investor Class: | $ 33.06 | |
|
|
|
Fidelity Advantage Class: | $ 33.07 | |
|
|
|
Institutional Class: | $ 33.07 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 33.07 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 337,501,551 |
Interest |
| 28,717 |
Income from Fidelity Central Funds (including $2,325,423 from security lending) |
| 2,526,905 |
Income before foreign taxes withheld |
| 340,057,173 |
Less foreign taxes withheld |
| (24,728,802) |
Total income |
| 315,328,371 |
|
|
|
Expenses | ||
Management fee | $ 10,464,002 | |
Transfer agent fees | 5,823,919 | |
Independent trustees' compensation | 51,909 | |
Miscellaneous | 26,667 | |
Total expenses before reductions | 16,366,497 | |
Expense reductions | (8,094,991) | 8,271,506 |
Net investment income (loss) | 307,056,865 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 20,154,672 | |
Redemption in-kind with affiliated entities | 105,326,578 | |
Foreign currency transactions | 9,153,957 | |
Futures contracts | (17,685,134) | |
Total net realized gain (loss) |
| 116,950,073 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (1,197,524,991) | |
Assets and liabilities in foreign currencies | (9,841,497) | |
Futures contracts | (1,385,997) | |
Total change in net unrealized appreciation (depreciation) |
| (1,208,752,485) |
Net gain (loss) | (1,091,802,412) | |
Net increase (decrease) in net assets resulting from operations | $ (784,745,547) |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 307,056,865 | $ 242,540,306 |
Net realized gain (loss) | 116,950,073 | (69,459,920) |
Change in net unrealized appreciation (depreciation) | (1,208,752,485) | 1,498,330,917 |
Net increase (decrease) in net assets resulting from operations | (784,745,547) | 1,671,411,303 |
Distributions to shareholders from net investment income | (282,810,129) | (211,805,947) |
Distributions to shareholders from net realized gain | (5,246,083) | (7,823,964) |
Total distributions | (288,056,212) | (219,629,911) |
Share transactions - net increase (decrease) | (204,144,449) | 876,645,901 |
Redemption fees | 929,822 | 663,525 |
Total increase (decrease) in net assets | (1,276,016,386) | 2,329,090,818 |
|
|
|
Net Assets | ||
Beginning of period | 9,995,616,353 | 7,666,525,535 |
End of period (including undistributed net investment income of $1,453,417 and undistributed net investment income of $19,160,149, respectively) | $ 8,719,599,967 | $ 9,995,616,353 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.19 | .94 | .82 | 1.30 | 1.39 |
Net realized and unrealized gain (loss) | (4.28) | 5.45 | 10.93 | (22.75) | (1.35) |
Total from investment operations | (3.09) | 6.39 | 11.75 | (21.45) | .04 |
Distributions from net investment income | (1.12) | (.81) | (.74) | (.94) | (1.19) |
Distributions from net realized gain | (.02) | (.03) | (.12) | - | (.36) |
Total distributions | (1.14) | (.84) | (.86) | (.94) | (1.55) |
Redemption fees added to paid in capital B | - G | - G | - G | .01 | .01 |
Net asset value, end of period | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Total Return A | (7.92)% | 20.34% | 56.36% | (50.03)% | (.15)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .20% | .20% | .20% | .20% | .20% |
Expenses net of fee waivers, if any | .11% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .11% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 3.54% | 2.84% | 2.72% | 3.75% | 2.95% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,424,239 | $ 6,932,647 | $ 5,488,131 | $ 2,697,776 | $ 4,515,417 |
Portfolio turnover rate D | 9% | 1% | 2% | 4% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.20 | .96 | .83 | 1.31 | 1.41 |
Net realized and unrealized gain (loss) | (4.28) | 5.44 | 10.93 | (22.75) | (1.36) |
Total from investment operations | (3.08) | 6.40 | 11.76 | (21.44) | .05 |
Distributions from net investment income | (1.12) | (.82) | (.75) | (.95) | (1.20) |
Distributions from net realized gain | (.02) | (.03) | (.12) | - | (.36) |
Total distributions | (1.14) | (.85) | (.87) | (.95) | (1.56) |
Redemption fees added to paid in capital B | - G | - G | - G | .01 | .01 |
Net asset value, end of period | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Total Return A | (7.87)% | 20.38% | 56.40% | (50.02)% | (.12)% |
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) | 3.57% | 2.87% | 2.75% | 3.78% | 2.97% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,476,600 | $ 3,062,970 | $ 2,178,395 | $ 1,155,867 | $ 1,979,431 |
Portfolio turnover rate D | 9% | 1% | 2% | 4% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Period ended February 29, | 2012 H |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 31.29 |
Income from Investment Operations |
|
Net investment income (loss) D | .32 |
Net realized and unrealized gain (loss) | 2.48 G |
Total from investment operations | 2.80 |
Distributions from net investment income | (1.02) |
Redemption fees added to paid in capital D, J | - |
Net asset value, end of period | $ 33.07 |
Total Return B, C | 9.44% |
Ratios to Average Net Assets E, I |
|
Expenses before reductions | .10% A |
Expenses net of fee waivers, if any | .07% A |
Expenses net of all reductions | .07% A |
Net investment income (loss) | 2.19% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 860,659 |
Portfolio turnover rate F | 9% K |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J Amount represents less than $.01 per share.
K Amount not annualized.
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 H |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 31.29 |
Income from Investment Operations |
|
Net investment income (loss) D | .32 |
Net realized and unrealized gain (loss) | 2.48 G |
Total from investment operations | 2.80 |
Distributions from net investment income | (1.02) |
Redemption fees added to paid in capital D, J | - |
Net asset value, end of period | $ 33.07 |
Total Return B, C | 9.45% |
Ratios to Average Net Assets E, I |
|
Expenses before reductions | .08% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 2.17% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 958,101 |
Portfolio turnover rate F | 9% K |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J Amount represents less than $.01 per share.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 29, 2012
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. In May 2011, the Board of Trustees of the Funds approved the creation of additional classes of shares. Spartan Extended Market Index Fund commenced sale of Fidelity Advantage Institutional Class shares on September 8, 2011. Spartan International Index Fund commenced sale of Institutional Class and Fidelity Advantage Institutional Class shares on September 8, 2011. Spartan Extended Market Index Fund offers Investor Class, Fidelity Advantage Class and Fidelity Advantage Institutional Class shares. Spartan International Index Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares. Each class has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred and certain class-level expense reductions.
2. Investments in Fidelity Central Funds.
The Funds invest in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) 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 29, 2012, 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
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
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.
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. 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.
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.
New Accounting Pronouncements. In May 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-04, Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The update is effective during interim and annual periods beginning after December 15, 2011 and will result in additional disclosure for transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy.
In December 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The update creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Foreign Currency. The 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.
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 29, 2012, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
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, redemptions in-kind, partnerships, capital loss carryforwards, and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:
| Tax cost | Gross unrealized | Gross unrealized | Net unrealized |
Spartan Extended Market Index | $ 7,121,832,218 | $ 1,751,238,775 | $ (866,952,490) | $ 884,286,285 |
Spartan International Index | 9,603,987,308 | 1,284,336,000 | (2,046,581,665) | (762,245,665) |
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 | $ 10,311,507 | $ 63,619,263 | $ - | $ 890,867,176 |
Spartan International Index | - | - | (440,578,408) | (759,125,412) |
Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
| ||
|
2017 |
2018 |
2019 | Total with expiration |
|
|
|
|
|
Spartan International Index | $ (119,933,607) | $ (148,608,684) | $ (49,793,394) | $ (318,335,685) |
No expiration |
|
|
|
|
|
Short-term |
Long-term | Total no expiration | Total capital loss |
|
|
|
|
|
Spartan International Index | $ (16,915,714) | $ (105,327,009) | $ (122,242,723) | $ (440,578,408) |
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The tax character of distributions paid was as follows:
February 29, 2012 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
|
|
|
|
Spartan Extended Market Index | $ 83,031,372 | $ 114,363,034 | $ 197,394,406 |
Spartan International Index | 288,056,212 | - | 288,056,212 |
February 28, 2011 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 87,345,465 | $ 24,478,627 | $ 111,824,092 |
Spartan International Index | 219,629,911 | - | 219,629,911 |
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, to gain exposure to certain types of assets and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the 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 close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts is 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.
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 |
Spartan Extended Market Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ (7,401,865) | $ 1,985,687 |
Totals (a)(b)(c) | $ (7,401,865) | $ 1,985,687 |
Spartan International Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ (17,685,134) | $ (1,385,997) |
Foreign Exchange Risk |
|
|
Forward Foreign Currency Contracts | 9,153,957 | (8,831,697) |
Totals (a)(b)(c) | $ (8,531,177) | $ (10,217,694) |
(a) A summary of the value of derivatives by risk exposure as of period end 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.
Annual Report
4. Derivative Instruments - continued
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). This receivable and/or payable is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. 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 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.
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. 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 as part of net realized gain (loss) on foreign currency transactions and change in unrealized gain (loss) on assets and liabilities in foreign currencies, respectively.
The U.S. dollar value of any open forward currency contracts at period end 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.
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 | 1,217,727,026 | 663,406,663 |
Spartan International Index | 785,983,071 | 916,539,830 |
Spartan International Index Fund delivered securities through unaffiliated in-kind redemptions totaled $488,239,685. Realized gain of $172,438,715 on securities delivered through unaffiliated 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 Funds with investment management related services for which the Funds pay a monthly management fee. During the period the Board of Trustees approved an amendment to the management contract, effective September 1, 2011, to reduce the management fee from an annual rate of .07% and .17% for Spartan Extended Market Index and Spartan International Index funds, respectively, to .06% of each Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
| Investor Class | Fidelity | Institutional Class | Fidelity Advantage |
Spartan Extended Market Index | .10% | .07% | n/a | .07% |
Spartan International Index | .20% | .17% | .095% | .075% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
Notes to Financial Statements - continued
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on average net assets noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, each class pays all or a portion of the transfer agent fees at an annual rate based on average net assets as noted in the following table:
Spartan Extended Market Index | Received by | Paid by |
Investor Class | .075% | .04% |
Fidelity Advantage Class | .045% | .01% |
Fidelity Advantage Institutional Class | .015% | .01% |
|
|
|
Spartan International Index |
|
|
Investor Class | .21% | .14% |
Fidelity Advantage Class | .11% | .11% |
Institutional Class | .035% | .035% |
Fidelity Advantage Institutional Class | .015% | .015% |
Prior to September 1, 2011, for Spartan Extended Market Index and Spartan International Index, FIIOC received transfer agent fees at an annual rate of .06% and .03% of average net assets for Investor and Fidelity Advantage Class, respectively. Under the expense contract, Investor Class paid transfer agent fees at an annual rate of .03% of average net assets, 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 |
Spartan Extended Market Index |
|
|
Investor Class | $ 1,443,137 | .03 |
Fidelity Advantage Class | 94,413 | .01 |
Fidelity Advantage Institutional Class | 5 | .01 |
| $ 1,537,555 |
|
Spartan International Index |
|
|
Investor Class | $ 4,320,015 | .08 |
Fidelity Advantage Class | 1,416,743 | .05 |
Institutional Class | 58,652 | .04 |
Fidelity Advantage Institutional Class | 28,509 | .02 |
| $ 5,823,919 |
|
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 | Weighted Average | Interest |
Spartan Extended Market Index | Borrower | $ 7,551,000 | .34% | $ 432 |
Redemptions In-Kind. During the period, 5,558,877 shares of Spartan International Index Fund held by affiliated entities were redeemed for cash and securities with a value of $206,623,465. The net realized gain (loss) of $105,326,578 on securities delivered through affiliated in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as Note 11: Shares Transactions. The Fund recognized no gain or loss for federal income tax purposes.
7. Committed Line of Credit.
Certain Funds participate with other funds managed by FMR or an affiliate in a $4.0 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
Annual Report
7. Committed Line of Credit - continued
commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
Spartan Extended Market Index | $ 17,049 |
Spartan International Index | 26,667 |
During the period, there were no borrowings on this line of credit.
8. Security Lending.
Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. 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 any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds.
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2013. Prior to February 1, 2012, FMR voluntarily agreed to reimburse Spartan International Index to the extent annual operating expenses exceeded .10% and .07 % of average net assets for Investor Class and Fidelity Advantage Class, respectively. Some expenses, for example interest expense, including commitment fees, are excluded from these reimbursements. Total reimbursements are included in the following table:
| Expense | Reimbursement | Effective Date |
Spartan Extended Market Index |
|
|
|
Fidelity Advantage Institutional Class | .06% | $ 6 | September 8, 2011 |
Spartan International Index |
|
|
|
Investor Class | .10%* | 5,314,164 | - |
Fidelity Advantage Class | .12% | 2,695,683 | February 1, 2012 |
Institutional Class | .07% | 49,196 | September 8, 2011 |
Fidelity Advantage Institutional Class | .06% | 35,820 | September 8, 2011 |
* Effective February 1, 2012, the expense limitation was discontinued.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.
| Management fee |
|
|
Spartan Extended Market Index | $ 591 |
Spartan International Index | 128 |
Annual Report
Notes to Financial Statements - continued
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
Spartan Extended Market Index |
|
|
From net investment income |
|
|
Investor Class | $ 44,200,763 | $ 35,864,371 |
Fidelity Advantage Class | 25,213,023 | 12,335,221 |
Fidelity Advantage Institutional Class | 1,161 | - |
Total | $ 69,414,947 | $ 48,199,592 |
From net realized gain |
|
|
Investor Class | $ 88,449,322 | $ 47,790,092 |
Fidelity Advantage Class | 39,529,035 | 15,834,408 |
Fidelity Advantage Institutional Class | 1,102 | - |
Total | $ 127,979,459 | $ 63,624,500 |
Spartan International Index |
|
|
From net investment income |
|
|
Investor Class | $ 148,424,687 | $ 150,910,702 |
Fidelity Advantage Class | 91,917,749 | 60,895,245 |
Institutional Class | 20,201,408 | - |
Fidelity Advantage Institutional Class | 22,266,285 | - |
Total | $ 282,810,129 | $ 211,805,947 |
From net realized gain |
|
|
Investor Class | $ 3,579,535 | $ 5,595,578 |
Fidelity Advantage Class | 1,666,548 | 2,228,386 |
Total | $ 5,246,083 | $ 7,823,964 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Spartan Extended Market Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 40,837,111 | 45,435,216 | $ 1,555,171,539 | $ 1,606,154,711 |
Reinvestment of distributions | 3,525,601 | 2,250,162 | 129,930,899 | 82,020,497 |
Shares redeemed | (88,688,944) | (24,273,441) | (3,356,270,130) | (840,796,410) |
Net increase (decrease) | (44,326,232) | 23,411,937 | $ (1,671,167,692) | $ 847,378,798 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 68,841,430 | 14,000,658 | $ 2,626,867,824 | $ 500,866,077 |
Reinvestment of distributions | 1,645,712 | 688,240 | 59,386,217 | 25,096,206 |
Shares redeemed | (9,691,823) | (5,862,959) | (362,785,045) | (197,954,495) |
Net increase (decrease) | 60,795,319 | 8,825,939 | $ 2,323,468,996 | $ 328,007,788 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 2,884 | - | $ 100,000 | $ - |
Reinvestment of distributions | 66 | - | 2,263 | - |
Shares redeemed | - | - | - | - |
Net increase (decrease) | 2,950 | - | $ 102,263 | $ - |
Spartan International Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 51,659,320 | 59,966,903 | $ 1,725,521,597 | $ 1,980,806,749 |
Reinvestment of distributions | 4,931,710 | 4,401,698 | 146,703,273 | 152,236,260 |
Shares redeemed | (138,930,396) B | (51,367,429) | (4,508,596,328) B | (1,729,973,271) |
Net increase (decrease) | (82,339,366) | 13,001,172 | $ (2,636,371,458) | $ 403,069,738 |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 50,383,664 | 25,911,385 | $ 1,659,791,665 | $ 881,763,381 |
Reinvestment of distributions | 2,688,031 | 1,516,656 | 79,393,189 | 52,438,159 |
Shares redeemed | (30,064,805) | (13,921,933) | (976,577,403) | (460,625,377) |
Net increase (decrease) | 23,006,890 | 13,506,108 | $ 762,607,451 | $ 473,576,163 |
Institutional Class |
|
|
|
|
Shares sold | 26,471,830 | - | $ 810,287,820 | $ - |
Reinvestment of distributions | 700,632 | - | 20,199,209 | - |
Shares redeemed | (1,147,214) | - | (35,649,587) | - |
Net increase (decrease) | 26,025,248 | - | $ 794,837,442 | $ - |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 29,053,528 | - | $ 879,203,212 | $ - |
Reinvestment of distributions | 772,330 | - | 22,266,285 | - |
Shares redeemed | (853,278) | - | (26,687,381) | - |
Net increase (decrease) | 28,972,580 | - | $ 874,782,116 | $ - |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions (see Note 6: Redemptions In-Kind).
12. Other.
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund (funds of Fidelity Concord Street Trust) at February 29, 2012, 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 29, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 30, 2012
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 226 funds advised by FMR or an affiliate. Mr. Curvey oversees 430 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. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."
Annual Report
The funds' Statement of Additional Information (SAIs) 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 (76) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Acting Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (55) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (63) | |
| 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 (58) | |
| 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), and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (68) | |
| 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 (67) | |
| 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). |
Robert W. Selander (61) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (67) | |
| 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 (72) | |
| 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 (62) | |
| 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 (61) | |
| 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 (81) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC, and also serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as a Trustee and Chairman of the Board of certain Fidelity Trusts, Chairman and a Director of FMR, Chairman and a Director of FMR Co., Inc., and President of FMR LLC (2006-2007). |
Peter S. Lynch (68) | |
| 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 (42) | |
| 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 (46) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as President of Fidelity Research & Analysis Company (2010-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investment 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 (47) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (44) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (43) | |
| 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 (57) | |
| 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 (53) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (43) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Senior Vice President of the Fidelity Asset Management Division (2009-present) and is an employee of Fidelity Investments. |
Joseph F. Zambello (54) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (44) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephanie J. Dorsey (42) | |
| 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 (53) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (53) | |
| 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 (43) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:
| Pay Date | Record Date | Dividends | Capital Gains |
Spartan Total Market Index Fund |
|
|
|
|
Investor Class | 04/16/12 | 04/13/12 | $0.11700 | $0.000 |
Fidelity Advantage Class | 04/16/12 | 04/13/12 | $0.12081 | $0.000 |
Spartan Extended Market Index Fund |
|
|
|
|
Investor Class | 04/16/12 | 04/13/12 | $0.06100 | $0.382 |
Fidelity Advantage Class | 04/16/12 | 04/13/12 | $0.06478 | $0.382 |
Spartan International Index Fund |
|
|
|
|
Investor Class | 04/16/12 | 04/13/12 | $0.00000 | $0.000 |
Fidelity Investor Class | 04/16/12 | 04/13/12 | $0.00000 | $0.000 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended February 29, 2012, or, if subsequently determined to be different, the net capital gain of such year.
Spartan Extended Market Index Fund | $125,144,109 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:
| April 2011 | December 2011 |
Spartan Total Market Index Fund |
|
|
Investor Class | 100% | 100% |
Fidelity Advantage Class | 100% | 98% |
Spartan Extended Market Index Fund |
|
|
Investor Class | 27% | 61% |
Fidelity Advantage Class | 27% | 60% |
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 2011 | December 2011 |
Spartan Total Market Index Fund |
|
|
Investor Class | 100% | 100% |
Fidelity Advantage Class | 100% | 100% |
Spartan Extended Market Index Fund |
|
|
Investor Class | 27% | 71% |
Fidelity Advantage Class | 27% | 70% |
Spartan International Index Fund |
|
|
Investor Class | 81% | 99% |
Fidelity Advantage Class | 79% | 98% |
Annual Report
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 | 04/18/11 | $0.083 | $0.0093 |
Investor Class | 12/19/11 | $0.563 | $0.0824 |
Fidelity Advantage Class | 04/18/11 | $0.085 | $0.0093 |
Fidelity Advantage Class | 12/19/11 | $0.566 | $0.0824 |
The funds will notify shareholders in January 2013 of amounts for use in preparing 2012 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
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-0412
1.790918.108
Spartan® Total Market Index
Spartan Extended Market Index
Spartan International Index
Funds -
Institutional Class
Fidelity Advantage® Institutional Class
Annual Report
(Fidelity Cover Art)
February 29, 2012
Contents
Spartan® Total Market Index Fund | Shareholder Expense Example | |
| Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| Notes to the Financial Statements | |
| ||
Shareholder Expense Example | An example of shareholder expenses | |
| ||
Spartan Extended Market Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Spartan International Index Fund | Performance | |
| Management's Discussion | |
| Investment Changes | |
| Investments | |
| Financial Statements | |
| ||
Notes | Notes to the Financial Statements | |
Report of Independent Registered Public Accounting Firm |
| |
Trustees and Officers |
| |
Distributions |
|
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the funds. This report is not authorized for distribution to prospective investors in the funds unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the funds nor Fidelity Distributors Corporation is a bank.
Annual Report
Spartan Total Market Index Fund
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, including redemption fees, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2011 to February 29, 2012) for Investor Class, Fidelity Advantage Class and Class F and for the entire period (September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class. The hypothetical expense example is based on an investment of $1,000 invested for the one-half year period (September 1, 2011 to February 29, 2012).
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 | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.20 | $ .53 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.37 | $ .50 C |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .37 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,164.90 | $ .31 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,165.00 | $ .23 B |
HypotheticalA |
| $ 1,000.00 | $ 1,023.69 | $ .23 C |
Class F | .050% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .27 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.61 | $ .25 C |
A 5% return per year before expenses
B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period) for Investor Class, Fidelity Advantage Class and Class F and multiplied by 175/366 (to reflect the period September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class.
C Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).
Annual Report
Spartan Total Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan Total Market Index Fund - Institutional ClassA | 4.49% | 2.00% | 5.07% |
Spartan Total Market Index Fund - Fidelity Advantage® Institutional ClassB | 4.50% | 2.00% | 5.07% |
A The initial offering of Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
B The initial offering of Fidelity Advantage® Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan Total Market Index Fund - Institutional Class on on February 28, 2002. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period. The initial offering of Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Institutional Class.
Annual Report
Spartan Total Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stocks rose for the 12 months ending February 29, 2012, as encouraging economic news sparked a strong late-period rally that lifted major equity benchmarks past a number of significant milestones. Stocks recovered from early-period uncertainty that followed the March 2011 earthquake, tsunami and nuclear meltdown in Japan, but plummeted during the summer amid Europe's debt woes and a historic U.S. credit-rating downgrade. Despite continued volatility and mixed economic news, markets began to recover in early October. Investors gravitated toward defensive sectors and the perceived safety of larger, more-established and dividend-paying names, helping the Dow Jones® Industrial Average advance 8.83%, and close above the psychologically important 13,000 mark in late February - for the first time since May 2008. The rally accelerated late in the period and the market broadened, as investor confidence improved amid encouraging manufacturing, housing and employment data, and signs of progress in Europe. For the year, the S&P 500® Index added 5.12%, closing near a four-year high on the period's second-to-last day. The technology-laden Nasdaq Composite® Index added 7.73%, flirting with the 3,000 mark, its highest level in 12 years. Foreign developed-markets stocks reeled over Europe's turmoil, and the MSCI® EAFE® (Europe, Australasia, Far East) Index fell 7.35%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year ending February 29, 2012, the fund's Institutional Class and Fidelity Advantage® Institutional Class shares returned 4.49% and 4.50%, respectively, in line with the 4.53% return of the benchmark Dow Jones U.S. Total Stock Market IndexSM. Several of the fund's leading contributors were technology stocks. Topping the list was Apple, the second-largest stock in the index, whose shares gained approximately 54% during the past 12 months. This consumer products and personal computer manufacturer enjoyed very strong sales, especially of its popular iPad® tablet computers and iPhone® mobile telephones. Computer-services company International Business Machines, the third-largest stock in the index, also added value, as its shares trended upward throughout most of the reporting period. Software giant Microsoft and semiconductor manufacturer Intel enjoyed good results, with Intel benefiting from strong product demand that spurred better-than-expected sales growth. Elsewhere, tobacco manufacturer Philip Morris International and restaurant giant McDonald's performed well among consumer staples stocks, while in health care, drugmakers Merck and Pfizer contributed. Telecommunication services provider AT&T and credit card processing company Visa also added to returns. Unsurprisingly, given the tremendous market volatility of the past year, many financials stocks topped the list of detractors. The biggest laggard was diversified financials company Bank of America, whose shares declined 44% during the 12-month period. Other diversified financials firms also saw double-digit drops in their stock price, including Citigroup, JPMorgan Chase, Goldman Sachs Group and Morgan Stanley, while insurance-focused conglomerate Berkshire Hathaway also lagged. Meanwhile, in the information technology sector, computer and peripherals company Hewlett-Packard had a difficult year. Among its challenges was the company's announcement in August of plans to exit the personal computer business - a decision it rescinded a few months later. Investors appeared to have little confidence in this strategy, causing the stock to lose 20% of its value in a single day - the biggest one-day decline for the company since October 1987. Other notable detractors included Schlumberger, an oil-field services company, and Corning, a leading maker of specialty glass and ceramics.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 3.3 | 2.6 |
Exxon Mobil Corp. | 2.7 | 2.6 |
Microsoft Corp. | 1.6 | 1.5 |
IBM Corp. | 1.5 | 1.5 |
Chevron Corp. | 1.4 | 1.4 |
General Electric Co. | 1.3 | 1.3 |
Procter & Gamble Co. | 1.2 | 1.3 |
AT&T, Inc. | 1.2 | 1.2 |
Johnson & Johnson | 1.2 | 1.3 |
Pfizer, Inc. | 1.1 | 1.1 |
| 16.5 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Information Technology | 19.2 | 17.9 |
Financials | 15.2 | 15.1 |
Consumer Discretionary | 11.8 | 11.4 |
Health Care | 11.3 | 11.7 |
Energy | 11.1 | 11.3 |
Industrials | 11.0 | 10.7 |
Consumer Staples | 9.3 | 9.7 |
Materials | 4.0 | 4.2 |
Utilities | 3.4 | 3.7 |
Telecommunication Services | 2.5 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 11.8% | |||
Auto Components - 0.4% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 49,377 | $ 562,404 | |
Amerigon, Inc. (a)(d) | 16,405 | 241,482 | |
BorgWarner, Inc. (a)(d) | 82,983 | 6,874,312 | |
Cooper Tire & Rubber Co. | 41,865 | 694,959 | |
Dana Holding Corp. | 106,956 | 1,711,296 | |
Dorman Products, Inc. (a) | 7,023 | 318,914 | |
Drew Industries, Inc. (a)(d) | 13,918 | 381,353 | |
Exide Technologies (a)(d) | 48,227 | 143,234 | |
Federal-Mogul Corp. Class A (a) | 43,356 | 746,157 | |
Fuel Systems Solutions, Inc. (a) | 11,625 | 301,088 | |
Gentex Corp. (d) | 109,863 | 2,598,260 | |
Johnson Controls, Inc. | 551,254 | 17,987,418 | |
Lear Corp. | 77,108 | 3,486,053 | |
Modine Manufacturing Co. (a) | 32,309 | 293,366 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 62,931 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 7,089 | 6,557 | |
Spartan Motors, Inc. | 29,995 | 171,271 | |
Standard Motor Products, Inc. | 17,952 | 407,869 | |
Stoneridge, Inc. (a) | 17,302 | 167,310 | |
Strattec Security Corp. | 672 | 15,301 | |
Superior Industries International, Inc. (d) | 24,943 | 450,969 | |
Tenneco, Inc. (a)(d) | 43,438 | 1,672,363 | |
The Goodyear Tire & Rubber Co. (a) | 174,336 | 2,241,961 | |
Tower International, Inc. (a) | 4,070 | 51,852 | |
TRW Automotive Holdings Corp. (a)(d) | 77,357 | 3,538,309 | |
UQM Technologies, Inc. (a)(d) | 14,381 | 23,010 | |
Visteon Corp. (a) | 38,157 | 2,049,794 | |
| 47,199,793 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,061,154 | 37,897,087 | |
General Motors Co. (a)(d) | 502,574 | 13,076,975 | |
Harley-Davidson, Inc. | 177,195 | 8,253,743 | |
Tesla Motors, Inc. (a)(d) | 44,292 | 1,479,796 | |
Thor Industries, Inc. (d) | 34,954 | 1,138,452 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 203,974 | |
| 62,050,027 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 6,212 | 248,977 | |
Genuine Parts Co. | 141,853 | 8,891,346 | |
LKQ Corp. (a) | 107,839 | 3,435,751 | |
Pool Corp. (d) | 41,433 | 1,508,161 | |
VOXX International Corp. (a) | 18,073 | 231,154 | |
Weyco Group, Inc. | 1,992 | 46,493 | |
| 14,361,882 | ||
Diversified Consumer Services - 0.3% | |||
American Public Education, Inc. (a)(d) | 16,975 | 664,741 | |
Apollo Group, Inc. Class A (non-vtg.) (a) | 108,948 | 4,645,543 | |
Archipelago Learning, Inc. (a) | 7,369 | 67,353 | |
| |||
Shares | Value | ||
Ascent Capital Group, Inc. (a)(d) | 15,290 | $ 752,880 | |
Bridgepoint Education, Inc. (a)(d) | 10,994 | 267,814 | |
Capella Education Co. (a)(d) | 13,090 | 507,892 | |
Career Education Corp. (a) | 44,821 | 386,357 | |
Carriage Services, Inc. | 4,102 | 24,571 | |
Coinstar, Inc. (a)(d) | 21,619 | 1,258,874 | |
Collectors Universe, Inc. | 4,772 | 72,773 | |
Corinthian Colleges, Inc. (a)(d) | 84,173 | 377,937 | |
DeVry, Inc. | 44,629 | 1,585,668 | |
Education Management Corp. (a) | 26,671 | 481,945 | |
Grand Canyon Education, Inc. (a) | 21,711 | 371,475 | |
H&R Block, Inc. | 266,520 | 4,344,276 | |
Hillenbrand, Inc. | 60,464 | 1,388,858 | |
ITT Educational Services, Inc. (a)(d) | 23,503 | 1,613,246 | |
K12, Inc. (a)(d) | 24,400 | 526,064 | |
Learning Tree International, Inc. (a) | 3,285 | 19,020 | |
Lincoln Educational Services Corp. | 15,671 | 132,577 | |
Mac-Gray Corp. | 7,087 | 98,793 | |
Matthews International Corp. Class A | 22,471 | 697,050 | |
National American University Holdings, Inc. | 5,378 | 37,162 | |
Princeton Review, Inc. (a) | 14,908 | 1,643 | |
Regis Corp. | 37,626 | 651,306 | |
School Specialty, Inc. (a)(d) | 13,358 | 42,746 | |
Service Corp. International (d) | 202,046 | 2,291,202 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,334,514 | |
Steiner Leisure Ltd. (a) | 10,649 | 532,876 | |
Stewart Enterprises, Inc. Class A | 55,722 | 346,591 | |
Strayer Education, Inc. (d) | 14,558 | 1,497,945 | |
Universal Technical Institute, Inc. | 29,419 | 382,153 | |
Weight Watchers International, Inc. | 25,755 | 2,008,375 | |
| 30,412,220 | ||
Hotels, Restaurants & Leisure - 2.2% | |||
AFC Enterprises, Inc. (a) | 18,286 | 292,393 | |
Ambassadors Group, Inc. | 20,059 | 105,711 | |
Ameristar Casinos, Inc. | 18,903 | 375,036 | |
Bally Technologies, Inc. (a) | 38,305 | 1,644,817 | |
Benihana, Inc. | 2,149 | 22,328 | |
Biglari Holdings, Inc. (a) | 607 | 249,180 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 1,079,689 | |
Bluegreen Corp. (a) | 11,189 | 35,133 | |
Bob Evans Farms, Inc. | 27,901 | 1,026,757 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 398,786 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 240,055 | |
Brinker International, Inc. | 62,217 | 1,716,567 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,194,859 | |
Caesars Entertainment Corp. | 1,145 | 12,961 | |
Caribou Coffee Co., Inc. (a)(d) | 18,083 | 299,816 | |
Carnival Corp. unit | 312,157 | 9,455,236 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 75,806 | |
CEC Entertainment, Inc. (d) | 20,553 | 784,302 | |
Chipotle Mexican Grill, Inc. (a)(d) | 25,363 | 9,897,150 | |
Choice Hotels International, Inc. (d) | 41,734 | 1,567,946 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Churchill Downs, Inc. | 10,397 | $ 542,723 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,035,518 | |
Darden Restaurants, Inc. (d) | 97,411 | 4,966,987 | |
Denny's Corp. (a)(d) | 71,197 | 295,468 | |
DineEquity, Inc. (a) | 12,829 | 684,812 | |
Domino's Pizza, Inc. (a)(d) | 54,176 | 2,083,609 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,619 | |
Dover Motorsports, Inc. (a) | 9,993 | 13,191 | |
Dunkin' Brands Group, Inc. (a) | 38,382 | 1,114,613 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 53,272 | |
Empire Resorts, Inc. (a) | 4,429 | 12,933 | |
Famous Dave's of America, Inc. (a) | 2,311 | 25,236 | |
Gaylord Entertainment Co. (a)(d) | 27,271 | 811,585 | |
Great Wolf Resorts, Inc. (a) | 11,425 | 46,271 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,147,316 | |
International Game Technology | 238,801 | 3,586,791 | |
International Speedway Corp. Class A (d) | 20,854 | 524,687 | |
Interval Leisure Group, Inc. (a) | 29,497 | 397,915 | |
Isle of Capri Casinos, Inc. (a)(d) | 20,657 | 131,172 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,005,015 | |
Jamba, Inc. (a)(d) | 95,683 | 202,848 | |
Kona Grill, Inc. (a) | 4,029 | 21,676 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 47,141 | 385,613 | |
Lakes Entertainment, Inc. (a) | 2,872 | 5,629 | |
Las Vegas Sands Corp. | 300,298 | 16,699,572 | |
Life Time Fitness, Inc. (a)(d) | 28,392 | 1,404,552 | |
Luby's, Inc. (a)(d) | 14,614 | 72,485 | |
Marcus Corp. | 22,859 | 275,451 | |
Marriott International, Inc. Class A (d) | 237,684 | 8,385,492 | |
Marriott Vacations Worldwide Corp. | 23,385 | 582,988 | |
McDonald's Corp. | 826,668 | 82,071,599 | |
MGM Mirage, Inc. (a)(d) | 250,383 | 3,447,774 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 50,325 | |
Morgans Hotel Group Co. (a) | 27,678 | 141,988 | |
MTR Gaming Group, Inc. (a) | 5,748 | 20,635 | |
Multimedia Games Holdng Co., Inc. (a) | 20,726 | 212,027 | |
O'Charleys, Inc. (a)(d) | 10,158 | 100,666 | |
Orient Express Hotels Ltd. Class A (a)(d) | 63,690 | 629,894 | |
P.F. Chang's China Bistro, Inc. (d) | 18,729 | 717,695 | |
Panera Bread Co. Class A (a) | 26,570 | 4,107,191 | |
Papa John's International, Inc. (a)(d) | 19,260 | 715,702 | |
Peet's Coffee & Tea, Inc. (a)(d) | 15,145 | 975,187 | |
Penn National Gaming, Inc. (a) | 50,336 | 2,141,797 | |
Pinnacle Entertainment, Inc. (a) | 61,922 | 681,761 | |
Premier Exhibitions, Inc. (a) | 1,375 | 3,369 | |
Red Lion Hotels Corp. (a) | 3,129 | 24,062 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 727,393 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 53,824 | |
Royal Caribbean Cruises Ltd. | 102,343 | 2,915,752 | |
| |||
Shares | Value | ||
Ruby Tuesday, Inc. (a)(d) | 44,363 | $ 345,144 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 211,297 | |
Scientific Games Corp. Class A (a) | 45,645 | 479,729 | |
Shuffle Master, Inc. (a) | 42,130 | 615,098 | |
Six Flags Entertainment Corp. | 40,264 | 1,822,349 | |
Sonic Corp. (a) | 98,965 | 817,451 | |
Speedway Motorsports, Inc. | 7,569 | 117,471 | |
Starbucks Corp. | 593,530 | 28,821,817 | |
Starwood Hotels & Resorts Worldwide, Inc. | 164,349 | 8,858,411 | |
Texas Roadhouse, Inc. Class A | 57,171 | 956,471 | |
The Cheesecake Factory, Inc. (a)(d) | 34,878 | 1,033,784 | |
Town Sports International Holdings, Inc. (a) | 13,107 | 135,002 | |
Vail Resorts, Inc. (d) | 24,951 | 1,050,437 | |
Wendy's Co. | 250,660 | 1,270,846 | |
WMS Industries, Inc. (a) | 38,370 | 845,291 | |
Wyndham Worldwide Corp. | 137,748 | 6,059,535 | |
Wynn Resorts Ltd. | 66,112 | 7,836,916 | |
Yum! Brands, Inc. | 377,002 | 24,972,612 | |
| 263,981,869 | ||
Household Durables - 0.4% | |||
American Greetings Corp. Class A (d) | 30,155 | 452,325 | |
Bassett Furniture Industries, Inc. | 1,847 | 15,330 | |
Beazer Homes USA, Inc. (a)(d) | 77,365 | 241,379 | |
Blyth, Inc. (d) | 8,019 | 511,612 | |
Brookfield Residential Properties, Inc. (a) | 18,869 | 196,765 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,468 | |
Cobra Electronics Corp. (a) | 1,032 | 4,541 | |
CSS Industries, Inc. | 12,944 | 253,702 | |
D.R. Horton, Inc. | 195,548 | 2,804,158 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 48,160 | |
Ethan Allen Interiors, Inc. | 19,507 | 492,552 | |
Flexsteel Industries, Inc. | 2,547 | 43,554 | |
Furniture Brands International, Inc. (a) | 37,283 | 59,653 | |
Garmin Ltd. | 86,587 | 4,086,041 | |
Harman International Industries, Inc. | 71,938 | 3,534,314 | |
Helen of Troy Ltd. (a)(d) | 25,644 | 833,430 | |
Hooker Furniture Corp. | 12,895 | 154,869 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 261,523 | 724,419 | |
iRobot Corp. (a) | 21,633 | 552,074 | |
Jarden Corp. (d) | 66,002 | 2,327,891 | |
KB Home (d) | 56,985 | 650,769 | |
Kid Brands, Inc. (a) | 16,651 | 49,786 | |
Koss Corp. | 2,669 | 14,866 | |
La-Z-Boy, Inc. (a)(d) | 34,909 | 498,850 | |
Leggett & Platt, Inc. | 100,406 | 2,272,188 | |
Lennar Corp. Class A (d) | 117,519 | 2,747,594 | |
Libbey, Inc. (a)(d) | 16,641 | 208,845 | |
Lifetime Brands, Inc. | 2,385 | 27,857 | |
M.D.C. Holdings, Inc. | 25,191 | 619,195 | |
M/I Homes, Inc. (a)(d) | 24,871 | 301,188 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Meritage Homes Corp. (a)(d) | 26,992 | $ 698,823 | |
Mohawk Industries, Inc. (a) | 39,595 | 2,514,678 | |
Newell Rubbermaid, Inc. | 216,340 | 3,959,022 | |
NVR, Inc. (a)(d) | 4,152 | 2,873,184 | |
PulteGroup, Inc. (a)(d) | 265,604 | 2,342,627 | |
Ryland Group, Inc. | 32,303 | 585,653 | |
Sealy Corp., Inc. (a)(d) | 37,146 | 63,891 | |
Skullcandy, Inc. (a)(d) | 12,653 | 178,660 | |
Skyline Corp. (d) | 21,741 | 175,015 | |
Standard Pacific Corp. (a)(d) | 98,412 | 431,045 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 19,263 | |
Tempur-Pedic International, Inc. (a)(d) | 57,648 | 4,554,192 | |
Toll Brothers, Inc. (a)(d) | 105,058 | 2,464,661 | |
Tupperware Brands Corp. | 43,005 | 2,695,983 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,334 | |
Whirlpool Corp. | 56,428 | 4,264,264 | |
Zagg, Inc. (a)(d) | 21,268 | 223,314 | |
| 53,507,726 | ||
Internet & Catalog Retail - 0.8% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 66,082 | |
Amazon.com, Inc. (a)(d) | 282,977 | 50,848,137 | |
Blue Nile, Inc. (a)(d) | 11,337 | 404,164 | |
dELiA*s, Inc. (a) | 2,977 | 3,156 | |
Expedia, Inc. | 75,256 | 2,562,467 | |
Gaiam, Inc. Class A (a) | 12,609 | 45,645 | |
Geeknet, Inc. (a) | 1,180 | 17,122 | |
Groupon, Inc. Class A (a)(d) | 27,415 | 540,487 | |
Hollywood Media Corp. (a) | 1,032 | 1,146 | |
HomeAway, Inc. (d) | 22,951 | 607,742 | |
HSN, Inc. | 29,532 | 1,097,409 | |
Liberty Media Corp. Interactive Series A (a) | 513,952 | 9,641,740 | |
Netflix, Inc. (a) | 39,072 | 4,326,443 | |
NutriSystem, Inc. | 26,922 | 303,411 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 112,317 | |
Overstock.com, Inc. (a)(d) | 14,467 | 92,010 | |
PetMed Express, Inc. | 32,292 | 393,317 | |
Priceline.com, Inc. (a) | 41,099 | 25,769,895 | |
Shutterfly, Inc. (a)(d) | 21,444 | 586,708 | |
TripAdvisor, Inc. (a) | 75,256 | 2,425,501 | |
U.S. Auto Parts Network, Inc. (a) | 5,048 | 24,483 | |
ValueVision Media, Inc. Class A (a) | 18,644 | 32,068 | |
Vitacost.com, Inc. (a) | 15,384 | 125,072 | |
| 100,026,522 | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a) | 18,718 | 688,448 | |
Black Diamond, Inc. (a) | 20,004 | 165,633 | |
Brunswick Corp. (d) | 68,451 | 1,636,663 | |
Callaway Golf Co. | 77,147 | 505,313 | |
Hasbro, Inc. | 86,466 | 3,053,979 | |
| |||
Shares | Value | ||
JAKKS Pacific, Inc. | 23,770 | $ 369,148 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 57,622 | |
Leapfrog Enterprises, Inc. Class A (a) | 33,741 | 237,199 | |
Marine Products Corp. | 11,741 | 73,029 | |
Mattel, Inc. | 298,569 | 9,685,578 | |
Meade Instruments Corp. (a) | 112 | 371 | |
Nautilus, Inc. (a) | 5,159 | 14,342 | |
Polaris Industries, Inc. | 56,100 | 3,705,966 | |
Smith & Wesson Holding Corp. (a) | 91,237 | 477,170 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 115,315 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,020,142 | |
Summer Infant, Inc. (a) | 32,605 | 195,304 | |
| 22,001,222 | ||
Media - 3.1% | |||
A.H. Belo Corp. Class A | 22,177 | 104,675 | |
AMC Networks, Inc. Class A | 47,269 | 2,145,540 | |
Arbitron, Inc. (d) | 18,967 | 634,256 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 88,203 | |
Belo Corp. Series A (d) | 87,121 | 624,658 | |
Cablevision Systems Corp. - NY Group Class A | 169,025 | 2,405,226 | |
Carmike Cinemas, Inc. (a)(d) | 21,753 | 163,800 | |
CBS Corp. Class B | 537,459 | 16,070,024 | |
Charter Communications, Inc. Class A (a) | 31,792 | 2,015,931 | |
Cinemark Holdings, Inc. | 62,073 | 1,298,567 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 544,163 | |
Comcast Corp. Class A | 2,191,483 | 64,385,771 | |
Crown Media Holdings, Inc. Class A (a)(d) | 24,979 | 31,973 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 236,641 | |
Dex One Corp. (a) | 48,569 | 84,996 | |
Digital Generation, Inc. (a)(d) | 26,444 | 264,440 | |
DIRECTV (a) | 602,724 | 27,918,176 | |
Discovery Communications, Inc. (a)(d) | 207,237 | 9,667,606 | |
DISH Network Corp. Class A | 161,315 | 4,705,559 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 47,533 | 820,420 | |
E.W. Scripps Co. Class A (a) | 24,274 | 231,088 | |
Emmis Communications Corp. Class A (a) | 7,973 | 5,820 | |
Entercom Communications Corp. Class A (a) | 21,235 | 148,645 | |
Entravision Communication Corp. Class A | 55,710 | 92,479 | |
Fisher Communications, Inc. (a) | 2,670 | 76,549 | |
Gannett Co., Inc. | 170,648 | 2,532,416 | |
Gray Television, Inc. (a) | 7,475 | 15,399 | |
Harris Interactive, Inc. (a) | 5,389 | 4,688 | |
Harte-Hanks, Inc. | 45,482 | 397,513 | |
Insignia Systems, Inc. | 5,038 | 10,781 | |
Interpublic Group of Companies, Inc. | 356,851 | 4,182,294 | |
John Wiley & Sons, Inc. Class A | 36,984 | 1,679,074 | |
Journal Communications, Inc. Class A (a) | 19,668 | 93,423 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Knology, Inc. (a) | 52,466 | $ 935,469 | |
Lamar Advertising Co. Class A (a)(d) | 40,510 | 1,324,677 | |
Liberty Global, Inc. Class A (a) | 225,788 | 11,330,042 | |
Liberty Media Corp. Capital Series A (a) | 90,172 | 8,105,561 | |
LIN TV Corp. Class A (a) | 36,007 | 148,349 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,253,680 | |
LodgeNet Entertainment Corp. (a)(d) | 35,253 | 120,213 | |
Madison Square Garden Co. Class A (a) | 41,476 | 1,321,011 | |
Martha Stewart Living Omnimedia, Inc. Class A | 39,255 | 176,648 | |
McGraw-Hill Companies, Inc. | 231,759 | 10,786,064 | |
Media General, Inc. Class A (a)(d) | 21,745 | 122,859 | |
Meredith Corp. (d) | 29,133 | 958,476 | |
Morningstar, Inc. | 20,110 | 1,203,986 | |
National CineMedia, Inc. | 40,280 | 640,855 | |
Navarre Corp. (a) | 5,954 | 10,122 | |
New Frontier Media, Inc. (a) | 5,133 | 6,314 | |
News Corp. Class A | 1,849,783 | 36,755,188 | |
Nexstar Broadcasting Group, Inc. Class A (a) | 2,664 | 21,978 | |
Omnicom Group, Inc. | 236,408 | 11,688,012 | |
Outdoor Channel Holdings, Inc. | 3,578 | 25,225 | |
Pandora Media, Inc. | 47,948 | 626,201 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 31,043 | |
ReachLocal, Inc. (a) | 5,194 | 40,513 | |
Regal Entertainment Group Class A | 55,158 | 762,284 | |
Rentrak Corp. (a)(d) | 4,521 | 93,946 | |
Saga Communications, Inc. Class A (a) | 201 | 7,542 | |
Salem Communications Corp. Class A (a) | 1,732 | 4,555 | |
Scholastic Corp. | 17,229 | 526,691 | |
Scripps Networks Interactive, Inc. Class A | 65,856 | 2,976,691 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 427,302 | |
Sirius XM Radio, Inc. (a)(d) | 2,910,962 | 6,578,774 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 3,043 | |
SuperMedia, Inc. (a)(d) | 19,383 | 55,242 | |
The McClatchy Co. Class A (a)(d) | 36,929 | 93,800 | |
The New York Times Co. Class A (a)(d) | 86,508 | 570,088 | |
The Walt Disney Co. | 1,395,945 | 58,615,731 | |
Time Warner Cable, Inc. | 256,081 | 20,317,467 | |
Time Warner, Inc. | 813,203 | 30,259,284 | |
Valassis Communications, Inc. (a)(d) | 33,863 | 845,898 | |
Viacom, Inc. Class B (non-vtg.) | 439,392 | 20,923,847 | |
Virgin Media, Inc. | 250,243 | 6,306,124 | |
Washington Post Co. Class B (d) | 3,668 | 1,444,825 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 404,993 | |
| 382,531,407 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a) | 53,063 | 2,326,813 | |
Dillard's, Inc. Class A | 32,687 | 1,998,483 | |
| |||
Shares | Value | ||
Dollar General Corp. (a) | 100,000 | $ 4,206,000 | |
Dollar Tree, Inc. (a) | 104,600 | 9,258,146 | |
Family Dollar Stores, Inc. | 93,448 | 5,045,258 | |
Fred's, Inc. Class A | 41,012 | 568,016 | |
Gordmans Stores, Inc. (a) | 4,621 | 70,101 | |
JCPenney Co., Inc. (d) | 118,147 | 4,678,621 | |
Kohl's Corp. | 200,742 | 9,972,863 | |
Macy's, Inc. | 332,684 | 12,632,011 | |
Nordstrom, Inc. | 125,044 | 6,704,859 | |
Saks, Inc. (a)(d) | 100,086 | 1,166,002 | |
Sears Holdings Corp. (a)(d) | 33,101 | 2,305,816 | |
Target Corp. | 493,763 | 27,991,424 | |
The Bon-Ton Stores, Inc. (d) | 35,903 | 172,334 | |
Tuesday Morning Corp. (a) | 26,882 | 92,205 | |
| 89,188,952 | ||
Specialty Retail - 2.3% | |||
Aarons, Inc. Class A | 52,315 | 1,461,681 | |
Abercrombie & Fitch Co. Class A (d) | 65,044 | 2,978,365 | |
Advance Auto Parts, Inc. (d) | 56,386 | 4,813,673 | |
Aeropostale, Inc. (a)(d) | 64,770 | 1,163,917 | |
America's Car Mart, Inc. (a)(d) | 10,422 | 464,925 | |
American Eagle Outfitters, Inc. | 147,326 | 2,142,120 | |
ANN, Inc. (a) | 46,918 | 1,120,871 | |
Asbury Automotive Group, Inc. (a)(d) | 22,455 | 582,258 | |
Ascena Retail Group, Inc. (a) | 45,390 | 1,752,054 | |
AutoNation, Inc. (a)(d) | 41,064 | 1,399,461 | |
AutoZone, Inc. (a) | 25,418 | 9,518,533 | |
Barnes & Noble, Inc. (a)(d) | 28,244 | 375,928 | |
bebe Stores, Inc. | 66,951 | 599,881 | |
Bed Bath & Beyond, Inc. (a)(d) | 191,161 | 11,419,958 | |
Best Buy Co., Inc. (d) | 235,305 | 5,812,034 | |
Big 5 Sporting Goods Corp. | 16,237 | 126,486 | |
Body Central Corp. (a) | 19,422 | 540,708 | |
Books-A-Million, Inc. (d) | 4,414 | 11,565 | |
Brown Shoe Co., Inc. | 39,452 | 425,293 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 22,067 | |
Cabela's, Inc. Class A (a)(d) | 35,549 | 1,261,279 | |
Cache, Inc. (a) | 2,880 | 17,942 | |
CarMax, Inc. (a)(d) | 168,519 | 5,171,848 | |
Casual Male Retail Group, Inc. (a)(d) | 14,093 | 44,393 | |
Charming Shoppes, Inc. (a)(d) | 68,622 | 387,714 | |
Chico's FAS, Inc. | 126,827 | 1,903,673 | |
Christopher & Banks Corp. | 18,173 | 38,890 | |
Citi Trends, Inc. (a)(d) | 14,433 | 156,454 | |
Coldwater Creek, Inc. (a) | 52,942 | 49,765 | |
Collective Brands, Inc. (a) | 44,911 | 809,296 | |
Conn's, Inc. (a) | 7,800 | 103,428 | |
Cost Plus, Inc. (a)(d) | 9,618 | 126,381 | |
Destination Maternity Corp. | 9,860 | 177,283 | |
Dick's Sporting Goods, Inc. (d) | 70,000 | 3,133,200 | |
DSW, Inc. Class A (d) | 21,867 | 1,233,299 | |
Express, Inc. (a) | 55,952 | 1,331,658 | |
Finish Line, Inc. Class A | 36,835 | 846,837 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Foot Locker, Inc. (d) | 110,785 | $ 3,231,598 | |
Francescas Holdings Corp. (a) | 17,371 | 398,664 | |
GameStop Corp. Class A (d) | 106,346 | 2,422,562 | |
Gap, Inc. (d) | 219,692 | 5,132,005 | |
Genesco, Inc. (a)(d) | 19,944 | 1,358,984 | |
GNC Holdings, Inc. | 32,604 | 1,055,391 | |
Group 1 Automotive, Inc. | 17,193 | 886,643 | |
Guess?, Inc. (d) | 45,871 | 1,589,430 | |
Haverty Furniture Companies, Inc. | 22,550 | 248,050 | |
hhgregg, Inc. (a)(d) | 15,184 | 173,553 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,112,682 | |
Home Depot, Inc. | 1,241,845 | 59,074,567 | |
Hot Topic, Inc. (d) | 51,429 | 458,747 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 18,868 | 971,513 | |
Kirkland's, Inc. (a) | 10,699 | 170,649 | |
Limited Brands, Inc. | 212,274 | 9,877,109 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 20,666 | 487,924 | |
Lowe's Companies, Inc. | 1,010,000 | 28,663,800 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 21,619 | 473,240 | |
MarineMax, Inc. (a)(d) | 10,125 | 81,810 | |
Midas, Inc. (a) | 17,343 | 158,342 | |
Monro Muffler Brake, Inc. | 28,456 | 1,305,277 | |
New York & Co., Inc. (a) | 19,427 | 50,704 | |
O'Reilly Automotive, Inc. (a) | 100,461 | 8,689,877 | |
Office Depot, Inc. (a)(d) | 201,295 | 664,274 | |
OfficeMax, Inc. (a)(d) | 62,318 | 348,981 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 126,252 | |
Penske Automotive Group, Inc. (d) | 33,321 | 802,370 | |
Perfumania Holdings, Inc. (a) | 876 | 8,769 | |
PetSmart, Inc. (d) | 105,988 | 5,907,771 | |
Pier 1 Imports, Inc. (a)(d) | 84,654 | 1,453,509 | |
RadioShack Corp. | 82,121 | 582,238 | |
Rent-A-Center, Inc. (d) | 45,857 | 1,624,255 | |
Ross Stores, Inc. | 181,478 | 9,678,222 | |
rue21, Inc. (a) | 10,092 | 269,255 | |
Sally Beauty Holdings, Inc. (a) | 112,253 | 2,671,621 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,492,165 | |
Shoe Carnival, Inc. (a) | 3,572 | 93,515 | |
Signet Jewelers Ltd. | 64,202 | 3,011,074 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (d) | 32,657 | 559,414 | |
Stage Stores, Inc. | 23,252 | 347,617 | |
Staples, Inc. (d) | 578,690 | 8,483,595 | |
Stein Mart, Inc. (a) | 16,975 | 121,711 | |
Systemax, Inc. (a)(d) | 6,560 | 126,608 | |
Talbots, Inc. (a) | 34,649 | 102,561 | |
Teavana Holdings, Inc. (a)(d) | 5,562 | 130,429 | |
The Buckle, Inc. | 18,518 | 831,829 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 840,003 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 937,809 | |
| |||
Shares | Value | ||
The Men's Wearhouse, Inc. | 38,499 | $ 1,491,066 | |
The Pep Boys - Manny, Moe & Jack (d) | 62,793 | 944,407 | |
Tiffany & Co., Inc. | 113,656 | 7,388,777 | |
TJX Companies, Inc. | 621,248 | 22,743,889 | |
Tractor Supply Co. | 58,000 | 4,957,260 | |
Trans World Entertainment Corp. (a) | 2,977 | 6,966 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 36,000 | 2,996,640 | |
Urban Outfitters, Inc. (a)(d) | 92,367 | 2,622,299 | |
Vitamin Shoppe, Inc. (a)(d) | 18,626 | 790,301 | |
West Marine, Inc. (a) | 3,285 | 34,821 | |
Wet Seal, Inc. Class A (a)(d) | 66,930 | 234,255 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,255,640 | |
Winmark Corp. | 391 | 22,627 | |
Zale Corp. (a) | 22,527 | 72,312 | |
Zumiez, Inc. (a) | 17,893 | 562,198 | |
| 280,937,544 | ||
Textiles, Apparel & Luxury Goods - 0.8% | |||
American Apparel, Inc. (a) | 29,392 | 22,338 | |
Carter's, Inc. (a)(d) | 38,101 | 1,850,566 | |
Cherokee, Inc. | 14,744 | 166,165 | |
Coach, Inc. | 229,797 | 17,198,007 | |
Columbia Sportswear Co. (d) | 9,939 | 496,254 | |
Crocs, Inc. (a)(d) | 69,757 | 1,370,725 | |
Culp, Inc. (a) | 7,038 | 73,547 | |
Deckers Outdoor Corp. (a)(d) | 30,415 | 2,273,825 | |
Delta Apparel, Inc. (a) | 1,905 | 31,223 | |
Fossil, Inc. (a)(d) | 40,759 | 4,971,783 | |
G-III Apparel Group Ltd. (a)(d) | 9,815 | 244,590 | |
Hallwood Group, Inc. (a) | 605 | 7,442 | |
Hanesbrands, Inc. (a)(d) | 68,808 | 1,976,854 | |
Iconix Brand Group, Inc. (a)(d) | 52,215 | 948,224 | |
Joe's Jeans, Inc. (a) | 32,503 | 27,790 | |
K-Swiss, Inc. Class A (a)(d) | 23,242 | 77,396 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 13,384 | 209,995 | |
Lacrosse Footwear, Inc. | 810 | 10,360 | |
Liz Claiborne, Inc. (a)(d) | 79,525 | 777,755 | |
Maidenform Brands, Inc. (a) | 18,000 | 378,000 | |
Michael Kors Holdings Ltd. | 41,224 | 1,782,938 | |
Movado Group, Inc. | 12,323 | 263,712 | |
NIKE, Inc. Class B | 303,000 | 32,699,760 | |
Oxford Industries, Inc. | 8,687 | 437,825 | |
Perry Ellis International, Inc. (a)(d) | 7,954 | 138,638 | |
PVH Corp. | 48,056 | 4,085,241 | |
Quiksilver, Inc. (a) | 80,002 | 374,409 | |
R.G. Barry Corp. | 2,683 | 37,508 | |
Ralph Lauren Corp. | 48,000 | 8,339,040 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 26,486 | 338,226 | |
Steven Madden Ltd. (a)(d) | 32,649 | 1,409,784 | |
Superior Uniform Group, Inc. | 859 | 10,720 | |
The Jones Group, Inc. | 62,712 | 617,713 | |
True Religion Apparel, Inc. (a) | 26,399 | 696,142 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Under Armour, Inc. Class A (sub. vtg.) (a) | 27,400 | $ 2,445,176 | |
Unifi, Inc. (a) | 18,843 | 156,208 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 600,485 | |
VF Corp. | 71,637 | 10,462,584 | |
Warnaco Group, Inc. (a)(d) | 50,511 | 2,965,501 | |
Wolverine World Wide, Inc. (d) | 34,429 | 1,313,122 | |
| 102,287,571 | ||
TOTAL CONSUMER DISCRETIONARY | 1,448,486,735 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 2.0% | |||
Beam, Inc. | 134,223 | 7,393,003 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 730,734 | |
Brown-Forman Corp. Class B (non-vtg.) | 80,869 | 6,602,954 | |
Central European Distribution Corp. (a)(d) | 104,154 | 454,111 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 199,377 | |
Coca-Cola Enterprises, Inc. | 237,534 | 6,864,733 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 160,834 | 3,512,615 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 36,925 | |
Dr Pepper Snapple Group, Inc. | 184,807 | 7,031,906 | |
Jones Soda Co. (a) | 15,000 | 7,500 | |
MGP Ingredients, Inc. | 4,299 | 25,966 | |
Molson Coors Brewing Co. Class B | 123,862 | 5,442,496 | |
Monster Beverage Corp. (a) | 117,204 | 6,702,897 | |
National Beverage Corp. | 7,694 | 123,181 | |
PepsiCo, Inc. | 1,244,846 | 78,350,607 | |
Primo Water Corp. (a) | 8,907 | 23,693 | |
The Coca-Cola Co. | 1,673,532 | 116,912,946 | |
| 240,415,644 | ||
Food & Staples Retailing - 1.9% | |||
Andersons, Inc. (d) | 16,533 | 712,407 | |
Arden Group, Inc. Class A | 86 | 7,700 | |
Casey's General Stores, Inc. | 29,040 | 1,487,719 | |
Chefs' Warehouse Holdings (a) | 6,997 | 146,937 | |
Costco Wholesale Corp. | 345,917 | 29,769,617 | |
Crumbs Bake Shop, Inc. (a) | 5,760 | 21,658 | |
CVS Caremark Corp. | 1,080,716 | 48,740,292 | |
Fresh Market, Inc. (a) | 21,393 | 963,113 | |
Ingles Markets, Inc. Class A | 14,662 | 262,010 | |
Kroger Co. | 454,411 | 10,810,438 | |
Nash-Finch Co. (d) | 11,468 | 307,457 | |
PriceSmart, Inc. | 12,950 | 836,959 | |
Rite Aid Corp. (a) | 488,242 | 751,893 | |
Roundy's, Inc. | 8,260 | 82,600 | |
Ruddick Corp. | 32,261 | 1,321,411 | |
Safeway, Inc. (d) | 256,994 | 5,512,521 | |
Spartan Stores, Inc. (d) | 24,920 | 444,573 | |
| |||
Shares | Value | ||
SUPERVALU, Inc. (d) | 144,357 | $ 942,651 | |
Susser Holdings Corp. (a) | 14,504 | 367,531 | |
Sysco Corp. | 467,941 | 13,766,824 | |
The Pantry, Inc. (a)(d) | 24,320 | 302,298 | |
United Natural Foods, Inc. (a)(d) | 43,201 | 1,966,510 | |
Village Super Market, Inc. Class A | 3,352 | 100,862 | |
Wal-Mart Stores, Inc. | 1,420,000 | 83,893,600 | |
Walgreen Co. | 720,814 | 23,902,192 | |
Weis Markets, Inc. | 8,067 | 345,752 | |
Whole Foods Market, Inc. (d) | 118,372 | 9,557,355 | |
Winn-Dixie Stores, Inc. (a)(d) | 64,909 | 615,337 | |
| 237,940,217 | ||
Food Products - 1.7% | |||
Alico, Inc. | 172 | 4,001 | |
Archer Daniels Midland Co. | 508,690 | 15,871,128 | |
B&G Foods, Inc. Class A (d) | 31,304 | 728,757 | |
Bridgford Foods Corp. (a) | 344 | 2,986 | |
Bunge Ltd. | 116,141 | 7,818,612 | |
Cal-Maine Foods, Inc. | 14,807 | 570,070 | |
Calavo Growers, Inc. | 6,680 | 183,700 | |
Campbell Soup Co. (d) | 177,820 | 5,924,962 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 294,960 | |
Coffee Holding Co., Inc. | 3,401 | 26,868 | |
ConAgra Foods, Inc. | 319,463 | 8,385,904 | |
Corn Products International, Inc. | 54,809 | 3,143,296 | |
Darling International, Inc. (a)(d) | 84,068 | 1,344,247 | |
Dean Foods Co. (a) | 123,257 | 1,511,131 | |
Diamond Foods, Inc. (d) | 18,346 | 438,836 | |
Dole Food Co., Inc. (a)(d) | 21,106 | 202,195 | |
Farmer Brothers Co. | 3,100 | 34,317 | |
Flowers Foods, Inc. | 97,053 | 1,857,594 | |
Fresh Del Monte Produce, Inc. | 29,950 | 672,677 | |
General Mills, Inc. | 489,731 | 18,761,595 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 100,000 | 6,497,000 | |
H.J. Heinz Co. (d) | 263,879 | 13,909,062 | |
Hain Celestial Group, Inc. (a)(d) | 37,478 | 1,530,602 | |
Hershey Co. (d) | 139,801 | 8,485,921 | |
Hormel Foods Corp. | 107,713 | 3,066,589 | |
Imperial Sugar Co. (d) | 14,457 | 83,128 | |
J&J Snack Foods Corp. | 10,285 | 515,998 | |
John B. Sanfilippo & Son, Inc. (a) | 2,548 | 27,264 | |
Kellogg Co. | 206,669 | 10,819,122 | |
Kraft Foods, Inc. Class A | 1,312,836 | 49,979,667 | |
Lancaster Colony Corp. | 17,892 | 1,166,022 | |
McCormick & Co., Inc. (non-vtg.) | 101,330 | 5,112,099 | |
Mead Johnson Nutrition Co. Class A | 173,455 | 13,486,126 | |
Omega Protein Corp. (a) | 32,056 | 264,783 | |
Pilgrims Pride Corp. (d) | 23,854 | 149,565 | |
Pilgrims Pride Corp. rights 3/1/12 (a) | 30,088 | 11,035 | |
Post Holdings, Inc. (a) | 19,173 | 597,047 | |
Ralcorp Holdings, Inc. (a) | 38,347 | 2,860,686 | |
Sanderson Farms, Inc. | 16,208 | 797,434 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Sara Lee Corp. | 451,262 | $ 9,138,056 | |
Seneca Foods Corp. Class A (a) | 7,029 | 180,083 | |
Smart Balance, Inc. (a) | 45,561 | 272,910 | |
Smithfield Foods, Inc. (a)(d) | 112,502 | 2,635,922 | |
Snyders-Lance, Inc. | 43,541 | 977,495 | |
The J.M. Smucker Co. | 85,628 | 6,449,501 | |
Tootsie Roll Industries, Inc. (d) | 17,168 | 399,156 | |
TreeHouse Foods, Inc. (a)(d) | 29,752 | 1,713,715 | |
Tyson Foods, Inc. Class A | 218,213 | 4,126,408 | |
| 213,030,232 | ||
Household Products - 1.8% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 332,213 | |
Church & Dwight Co., Inc. (d) | 119,008 | 5,681,442 | |
Clorox Co. | 100,862 | 6,819,280 | |
Colgate-Palmolive Co. (d) | 360,000 | 33,544,800 | |
Energizer Holdings, Inc. (a)(d) | 53,405 | 4,082,812 | |
Harbinger Group, Inc. (a) | 756 | 3,447 | |
Kimberly-Clark Corp. | 311,479 | 22,700,590 | |
Oil-Dri Corp. of America | 644 | 13,389 | |
Orchids Paper Products Co. | 612 | 10,955 | |
Procter & Gamble Co. | 2,204,967 | 148,879,372 | |
Spectrum Brands Holdings, Inc. (a) | 17,958 | 510,366 | |
WD-40 Co. | 17,410 | 750,023 | |
| 223,328,689 | ||
Personal Products - 0.3% | |||
Avon Products, Inc. | 349,895 | 6,539,538 | |
Elizabeth Arden, Inc. (a)(d) | 17,715 | 658,112 | |
Estee Lauder Companies, Inc. Class A | 198,684 | 11,630,961 | |
Herbalife Ltd. | 86,338 | 5,716,439 | |
Inter Parfums, Inc. | 14,485 | 244,362 | |
Mannatech, Inc. (a) | 599 | 2,336 | |
MediFast, Inc. (a)(d) | 10,225 | 165,952 | |
Nature's Sunshine Products, Inc. (a) | 2,859 | 42,170 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 3,109,279 | |
Nutraceutical International Corp. (a) | 2,650 | 34,503 | |
Prestige Brands Holdings, Inc. (a) | 29,892 | 493,218 | |
Revlon, Inc. (a) | 13,966 | 211,725 | |
Schiff Nutrition International, Inc. (a)(d) | 11,821 | 131,922 | |
The Female Health Co. | 4,862 | 23,921 | |
USANA Health Sciences, Inc. (a)(d) | 10,334 | 383,391 | |
| 29,387,829 | ||
Tobacco - 1.6% | |||
Alliance One International, Inc. (a)(d) | 89,449 | 330,067 | |
Altria Group, Inc. | 1,679,474 | 50,552,167 | |
Lorillard, Inc. | 110,571 | 14,493,647 | |
Philip Morris International, Inc. | 1,403,953 | 117,258,155 | |
Reynolds American, Inc. | 282,694 | 11,853,359 | |
Star Scientific, Inc. (a)(d) | 64,344 | 241,290 | |
| |||
Shares | Value | ||
Universal Corp. | 22,476 | $ 1,032,547 | |
Vector Group Ltd. (d) | 25,200 | 457,380 | |
| 196,218,612 | ||
TOTAL CONSUMER STAPLES | 1,140,321,223 | ||
ENERGY - 11.1% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 71,156 | 3,384,179 | |
Baker Hughes, Inc. | 353,994 | 17,798,818 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 618,699 | |
Bolt Technology Corp. | 1,626 | 22,406 | |
Bristow Group, Inc. | 25,621 | 1,209,567 | |
C&J Energy Services, Inc. (d) | 9,114 | 185,196 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 227,221 | |
Cameron International Corp. (a)(d) | 182,754 | 10,181,225 | |
Carbo Ceramics, Inc. (d) | 15,710 | 1,439,822 | |
Dawson Geophysical Co. (a) | 7,871 | 298,232 | |
Diamond Offshore Drilling, Inc. (d) | 64,380 | 4,408,099 | |
Dresser-Rand Group, Inc. (a)(d) | 57,305 | 3,009,659 | |
Dril-Quip, Inc. (a)(d) | 25,155 | 1,760,598 | |
ENGlobal Corp. (a) | 5,637 | 12,965 | |
Exterran Holdings, Inc. (a)(d) | 43,308 | 623,635 | |
FMC Technologies, Inc. (a)(d) | 183,330 | 9,245,332 | |
Geokinetics, Inc. (a) | 3,794 | 7,550 | |
Global Geophysical Services, Inc. (a) | 18,062 | 194,708 | |
Gulf Island Fabrication, Inc. (d) | 10,744 | 314,907 | |
Gulfmark Offshore, Inc. Class A (a) | 20,706 | 1,040,269 | |
Halliburton Co. | 735,826 | 26,923,873 | |
Helix Energy Solutions Group, Inc. (a)(d) | 73,132 | 1,407,060 | |
Helmerich & Payne, Inc. (d) | 72,146 | 4,422,550 | |
Hercules Offshore, Inc. (a) | 133,946 | 680,446 | |
Hornbeck Offshore Services, Inc. (a) | 24,578 | 1,001,554 | |
ION Geophysical Corp. (a)(d) | 95,187 | 681,539 | |
Key Energy Services, Inc. (a)(d) | 103,489 | 1,765,522 | |
Lufkin Industries, Inc. | 23,923 | 1,905,228 | |
Matrix Service Co. (a) | 19,340 | 256,062 | |
McDermott International, Inc. (a) | 177,047 | 2,312,234 | |
Mitcham Industries, Inc. (a) | 8,347 | 195,069 | |
Nabors Industries Ltd. (a) | 221,501 | 4,824,292 | |
National Oilwell Varco, Inc. | 344,829 | 28,458,737 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 302,212 | |
Newpark Resources, Inc. (a)(d) | 85,435 | 672,373 | |
Noble Corp. (d) | 237,885 | 9,558,219 | |
Oceaneering International, Inc. | 84,562 | 4,589,180 | |
Oil States International, Inc. (a)(d) | 36,506 | 2,965,017 | |
OYO Geospace Corp. (a)(d) | 6,500 | 715,325 | |
Parker Drilling Co. (a)(d) | 122,844 | 777,603 | |
Patterson-UTI Energy, Inc. | 122,546 | 2,379,843 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 406,132 | |
Pioneer Drilling Co. (a) | 46,756 | 465,690 | |
RigNet, Inc. (a) | 15,376 | 261,392 | |
Rowan Companies, Inc. (a) | 91,863 | 3,386,989 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
RPC, Inc. (d) | 43,642 | $ 698,708 | |
Schlumberger Ltd. | 1,075,278 | 83,452,326 | |
SEACOR Holdings, Inc. (a) | 15,683 | 1,550,735 | |
Superior Energy Services, Inc. (a) | 113,113 | 3,318,735 | |
Tesco Corp. (a)(d) | 25,016 | 383,245 | |
TETRA Technologies, Inc. (a) | 50,020 | 454,682 | |
TGC Industries, Inc. (a) | 2,598 | 26,344 | |
Tidewater, Inc. | 35,470 | 2,110,465 | |
Union Drilling, Inc. (a)(d) | 13,180 | 88,833 | |
Unit Corp. (a)(d) | 34,938 | 1,662,001 | |
Weatherford International Ltd. (a) | 645,319 | 10,312,198 | |
Willbros Group, Inc. (a) | 33,113 | 139,075 | |
| 261,494,575 | ||
Oil, Gas & Consumable Fuels - 9.0% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 506,540 | |
Alon USA Energy, Inc. | 9,432 | 88,661 | |
Alpha Natural Resources, Inc. (a) | 175,427 | 3,255,925 | |
Amyris, Inc. (a)(d) | 28,043 | 150,871 | |
Anadarko Petroleum Corp. | 390,202 | 32,823,792 | |
Apache Corp. | 308,807 | 33,329,540 | |
APCO Oil and Gas International, Inc. (d) | 5,546 | 416,948 | |
Approach Resources, Inc. (a) | 13,537 | 467,839 | |
Arch Coal, Inc. | 156,559 | 2,124,506 | |
ATP Oil & Gas Corp. (a)(d) | 43,659 | 349,272 | |
Barnwell Industries, Inc. (a) | 2,847 | 8,029 | |
Berry Petroleum Co. Class A | 38,847 | 2,096,184 | |
Bill Barrett Corp. (a)(d) | 29,806 | 871,229 | |
Bonanza Creek Energy, Inc. | 8,119 | 151,013 | |
BPZ Energy, Inc. (a) | 134,116 | 430,512 | |
Cabot Oil & Gas Corp. | 160,706 | 5,605,425 | |
Callon Petroleum Co. (a) | 31,499 | 222,383 | |
Carrizo Oil & Gas, Inc. (a)(d) | 24,378 | 686,728 | |
Cheniere Energy, Inc. (a) | 68,292 | 1,027,112 | |
Chesapeake Energy Corp. (d) | 523,796 | 13,094,900 | |
Chevron Corp. | 1,600,537 | 174,650,597 | |
Cimarex Energy Co. (d) | 62,545 | 5,045,505 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 685,066 | |
Clean Energy Fuels Corp. (a)(d) | 33,840 | 635,854 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 967,264 | |
Cobalt International Energy, Inc. (a)(d) | 125,251 | 3,765,045 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 520,911 | |
Concho Resources, Inc. (a)(d) | 78,728 | 8,411,300 | |
ConocoPhillips | 985,485 | 75,438,877 | |
CONSOL Energy, Inc. (d) | 196,571 | 7,041,173 | |
Contango Oil & Gas Co. (a)(d) | 16,222 | 1,031,395 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,205,667 | |
Crimson Exploration, Inc. (a) | 12,416 | 38,614 | |
Crosstex Energy, Inc. (d) | 45,920 | 630,482 | |
CVR Energy, Inc. (a)(d) | 64,562 | 1,756,732 | |
Delek US Holdings, Inc. | 32,818 | 433,526 | |
Denbury Resources, Inc. (a)(d) | 301,228 | 5,997,449 | |
| |||
Shares | Value | ||
Devon Energy Corp. | 315,153 | $ 23,103,866 | |
DHT Holdings, Inc. | 59,972 | 66,569 | |
Double Eagle Petroleum Co. (a) | 1,282 | 8,705 | |
El Paso Corp. | 620,823 | 17,265,088 | |
Endeavour International Corp. (a)(d) | 23,917 | 276,720 | |
Energen Corp. | 50,746 | 2,701,210 | |
Energy Partners Ltd. (a) | 15,481 | 263,796 | |
EOG Resources, Inc. | 219,656 | 25,010,032 | |
EQT Corp. | 123,622 | 6,554,438 | |
Evolution Petroleum Corp. (a) | 6,950 | 64,496 | |
EXCO Resources, Inc. (d) | 115,116 | 820,777 | |
Exxon Mobil Corp. | 3,837,132 | 331,911,918 | |
Forest Oil Corp. (a)(d) | 81,222 | 1,050,200 | |
FX Energy, Inc. (a)(d) | 35,252 | 223,145 | |
Gasco Energy, Inc. (a) | 97,844 | 28,375 | |
Gastar Exploration Ltd. (a) | 36,342 | 104,302 | |
Georesources, Inc. (a) | 13,181 | 422,319 | |
Gevo, Inc. (a)(d) | 11,229 | 112,402 | |
GMX Resources, Inc. (a)(d) | 74,770 | 131,595 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 531,090 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 161,057 | |
Gulfport Energy Corp. (a)(d) | 37,953 | 1,275,980 | |
Halcon Resources Corp. (a)(d) | 3,619 | 39,773 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 220,221 | |
Hess Corp. | 252,487 | 16,391,456 | |
HKN, Inc. (a) | 104 | 241 | |
HollyFrontier Corp. | 153,818 | 5,019,081 | |
Houston American Energy Corp. (a)(d) | 10,835 | 117,451 | |
Hyperdynamics Corp. (a)(d) | 125,930 | 171,265 | |
James River Coal Co. (a)(d) | 31,067 | 178,014 | |
Kinder Morgan Holding Co. LLC (d) | 105,230 | 3,708,305 | |
KiOR, Inc. Class A (d) | 6,909 | 60,108 | |
Kodiak Oil & Gas Corp. (a) | 185,027 | 1,792,912 | |
Laredo Petroleum Holdings, Inc. | 14,587 | 370,072 | |
Lucas Energy, Inc. (a)(d) | 9,400 | 27,542 | |
Magellan Petroleum Corp. (a) | 35,895 | 45,587 | |
Magnum Hunter Resources Corp. (d) | 70,308 | 486,531 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 0 | |
Marathon Oil Corp. | 590,579 | 20,014,722 | |
Marathon Petroleum Corp. | 293,451 | 12,192,889 | |
Matador Resources Co. | 10,890 | 129,155 | |
McMoRan Exploration Co. (a)(d) | 160,744 | 2,250,416 | |
Miller Energy Resources, Inc. (a)(d) | 6,846 | 28,753 | |
Murphy Oil Corp. | 146,942 | 9,395,471 | |
Newfield Exploration Co. (a) | 99,791 | 3,592,476 | |
Noble Energy, Inc. | 151,272 | 14,771,711 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 1,070,103 | |
Oasis Petroleum, Inc. (a) | 46,478 | 1,490,549 | |
Occidental Petroleum Corp. | 647,508 | 67,580,410 | |
Overseas Shipholding Group, Inc. (d) | 23,729 | 210,002 | |
Pacific Ethanol, Inc. (a)(d) | 12,492 | 15,365 | |
Panhandle Royalty Co. Class A | 6,335 | 184,665 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Patriot Coal Corp. (a)(d) | 69,937 | $ 505,645 | |
Peabody Energy Corp. | 230,827 | 8,051,246 | |
Penn Virginia Corp. | 41,256 | 201,742 | |
Petroleum Development Corp. (a)(d) | 22,646 | 736,901 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 432,783 | |
Pioneer Natural Resources Co. (d) | 90,370 | 9,908,167 | |
Plains Exploration & Production Co. (a) | 139,377 | 6,142,344 | |
QEP Resources, Inc. | 129,536 | 4,422,359 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 518,356 | |
Range Resources Corp. | 123,664 | 7,874,924 | |
Recovery Energy, Inc. (a) | 5,171 | 21,408 | |
Renewable Energy Group, Inc. | 5,623 | 53,812 | |
Rentech, Inc. (a) | 169,556 | 301,810 | |
Resolute Energy Corp. (a) | 29,689 | 331,329 | |
Rex American Resources Corp. (a) | 3,020 | 92,623 | |
Rex Energy Corp. (a) | 32,188 | 370,162 | |
Rosetta Resources, Inc. (a)(d) | 38,625 | 1,971,420 | |
Royale Energy, Inc. (a)(d) | 5,368 | 33,121 | |
Sanchez Energy Corp. | 7,390 | 176,843 | |
SandRidge Energy, Inc. (a)(d) | 276,761 | 2,399,518 | |
Saratoga Resources, Inc. (a) | 12,254 | 81,489 | |
SemGroup Corp. Class A (a) | 25,511 | 723,747 | |
Ship Finance International Ltd. (NY Shares) (d) | 31,210 | 428,513 | |
SM Energy Co. | 62,332 | 4,906,775 | |
SMF Energy Corp. | 4,165 | 15,119 | |
Solazyme, Inc. (d) | 17,729 | 244,306 | |
Southern Union Co. | 86,373 | 3,795,230 | |
Southwestern Energy Co. (a)(d) | 311,067 | 10,283,875 | |
Spectra Energy Corp. | 539,426 | 16,927,188 | |
Stone Energy Corp. (a)(d) | 34,932 | 1,116,077 | |
Sunoco, Inc. | 85,182 | 3,290,581 | |
Swift Energy Co. (a)(d) | 28,396 | 852,732 | |
Synergy Resources Corp. (a) | 19,735 | 67,888 | |
Syntroleum Corp. (a)(d) | 24,702 | 30,630 | |
Targa Resources Corp. | 22,682 | 1,007,761 | |
Teekay Corp. (d) | 33,173 | 955,382 | |
Tesoro Corp. (a)(d) | 104,321 | 2,767,636 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 3,573,823 | |
Uranium Energy Corp. (a)(d) | 54,945 | 206,044 | |
Uranium Resources, Inc. (a)(d) | 182,289 | 174,997 | |
USEC, Inc. (a)(d) | 83,065 | 111,307 | |
Vaalco Energy, Inc. (a)(d) | 68,248 | 538,477 | |
Valero Energy Corp. (d) | 446,841 | 10,943,136 | |
Venoco, Inc. (a) | 17,373 | 189,366 | |
Verenium Corp. (a) | 522 | 1,472 | |
Voyager Oil & Gas, Inc. (a) | 11,615 | 37,633 | |
W&T Offshore, Inc. | 37,319 | 942,305 | |
Warren Resources, Inc. (a)(d) | 48,923 | 190,800 | |
Western Refining, Inc. | 40,348 | 732,316 | |
Westmoreland Coal Co. (a) | 6,050 | 63,586 | |
| |||
Shares | Value | ||
Whiting Petroleum Corp. (a)(d) | 87,846 | $ 5,151,289 | |
Williams Companies, Inc. | 481,586 | 14,389,790 | |
World Fuel Services Corp. (d) | 48,766 | 2,031,592 | |
WPX Energy, Inc. | 146,535 | 2,661,076 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 76,166 | |
Zion Oil & Gas, Inc. (a) | 8,166 | 22,293 | |
| 1,097,685,102 | ||
TOTAL ENERGY | 1,359,179,677 | ||
FINANCIALS - 15.2% | |||
Capital Markets - 1.8% | |||
Affiliated Managers Group, Inc. (a) | 37,232 | 3,961,112 | |
Ameriprise Financial, Inc. | 181,426 | 10,116,314 | |
Arlington Asset Investment Corp. | 9,211 | 212,774 | |
Artio Global Investors, Inc. Class A (d) | 27,717 | 132,764 | |
Bank of New York Mellon Corp. | 999,669 | 22,102,682 | |
BGC Partners, Inc. Class A | 92,324 | 649,038 | |
BlackRock, Inc. Class A | 81,680 | 16,254,320 | |
Calamos Asset Management, Inc. Class A | 22,184 | 271,976 | |
Charles Schwab Corp. | 880,911 | 12,227,045 | |
CIFI Corp. (a) | 3,896 | 20,415 | |
Cohen & Steers, Inc. (d) | 17,375 | 572,333 | |
Cowen Group, Inc. Class A (a) | 80,174 | 224,487 | |
Diamond Hill Investment Group, Inc. | 308 | 23,359 | |
Duff & Phelps Corp. Class A | 16,165 | 222,430 | |
E*TRADE Financial Corp. (a) | 185,916 | 1,790,371 | |
Eaton Vance Corp. (non-vtg.) (d) | 83,276 | 2,399,182 | |
Edelman Financial Group, Inc. | 24,098 | 161,457 | |
Epoch Holding Corp. (d) | 7,185 | 179,266 | |
Evercore Partners, Inc. Class A | 15,573 | 423,430 | |
FBR Capital Markets Corp. (a) | 45,886 | 115,633 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 71,651 | 1,468,129 | |
Financial Engines, Inc. (a)(d) | 27,286 | 628,942 | |
Franklin Resources, Inc. | 126,452 | 14,907,426 | |
FXCM, Inc. Class A (d) | 35,893 | 339,548 | |
GAMCO Investors, Inc. Class A | 6,083 | 280,487 | |
GFI Group, Inc. | 69,449 | 266,684 | |
Gleacher & Co., Inc. (a) | 36,175 | 54,986 | |
Goldman Sachs Group, Inc. | 338,852 | 39,015,419 | |
Greenhill & Co., Inc. | 20,317 | 893,135 | |
HFF, Inc. (a) | 19,976 | 287,854 | |
ICG Group, Inc. (a) | 32,808 | 284,445 | |
Institutional Financial Markets, Inc. | 6,881 | 10,459 | |
INTL FCStone, Inc. (a)(d) | 11,151 | 252,570 | |
Invesco Ltd. | 388,589 | 9,625,350 | |
Investment Technology Group, Inc. (a)(d) | 30,988 | 356,362 | |
Janus Capital Group, Inc. (d) | 134,316 | 1,184,667 | |
Jefferies Group, Inc. | 106,987 | 1,788,823 | |
JMP Group, Inc. | 11,989 | 85,362 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
KBW, Inc. | 24,195 | $ 399,943 | |
Knight Capital Group, Inc. Class A (a)(d) | 70,305 | 931,541 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 32,105 | 65,173 | |
Legg Mason, Inc. | 140,686 | 3,853,390 | |
LPL Investment Holdings, Inc. (a) | 22,392 | 763,567 | |
Medallion Financial Corp. | 4,309 | 47,184 | |
Morgan Stanley | 1,105,371 | 20,493,578 | |
Northern Trust Corp. | 166,504 | 7,394,443 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 114,569 | |
Penson Worldwide, Inc. (a)(d) | 19,665 | 25,171 | |
Piper Jaffray Companies (a)(d) | 20,940 | 514,705 | |
Raymond James Financial, Inc. | 71,252 | 2,520,183 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 452,258 | |
SEI Investments Co. | 105,344 | 2,080,544 | |
State Street Corp. | 409,637 | 17,298,971 | |
Stifel Financial Corp. (a)(d) | 38,055 | 1,428,204 | |
SWS Group, Inc. | 24,189 | 135,217 | |
T. Rowe Price Group, Inc. | 196,242 | 12,086,545 | |
TD Ameritrade Holding Corp. | 169,026 | 3,155,715 | |
Teton Advisors, Inc. (a) | 106 | 1,643 | |
U.S. Global Investments, Inc. Class A | 7,637 | 56,514 | |
Virtus Investment Partners, Inc. (a) | 3,888 | 309,252 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,210,620 | |
Walter Investment Management Corp. | 18,710 | 381,310 | |
Westwood Holdings Group, Inc. | 1,868 | 72,366 | |
WisdomTree Investments, Inc. (a) | 49,507 | 350,510 | |
| 220,934,152 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. (d) | 8,597 | 211,056 | |
1st United Bancorp, Inc. (a) | 20,464 | 120,738 | |
ACNB Corp. | 3,789 | 54,221 | |
Alliance Financial Corp. | 3,879 | 114,508 | |
American National Bankshares, Inc. | 2,748 | 58,395 | |
Ameris Bancorp (a)(d) | 20,460 | 235,699 | |
Ames National Corp. | 1,209 | 26,175 | |
Arrow Financial Corp. | 12,653 | 304,431 | |
Associated Banc-Corp. | 127,560 | 1,688,894 | |
BancFirst Corp. | 10,611 | 434,308 | |
Bancorp, Inc., Delaware (a) | 16,751 | 139,368 | |
BancorpSouth, Inc. | 61,827 | 732,032 | |
BancTrust Financial Group, Inc. (a) | 4,197 | 5,456 | |
Bank of Hawaii Corp. | 62,564 | 2,877,944 | |
Bank of Kentucky Financial Corp. | 1,699 | 42,186 | |
Bank of Marin Bancorp | 2,794 | 98,265 | |
Bank of the James Financial Group, Inc. (a) | 600 | 3,096 | |
Bank of the Ozarks, Inc. | 37,486 | 1,100,214 | |
Banner Bank | 13,068 | 269,331 | |
Bar Harbor Bankshares | 2,686 | 82,057 | |
| |||
Shares | Value | ||
BB&T Corp. | 568,836 | $ 16,638,453 | |
BBCN Bancorp, Inc. (a) | 52,596 | 539,109 | |
BCB Bancorp, Inc. (d) | 2,814 | 29,406 | |
BOK Financial Corp. | 36,579 | 1,963,561 | |
Boston Private Financial Holdings, Inc. (d) | 49,884 | 475,395 | |
Bridge Bancorp, Inc. | 540 | 10,832 | |
Bridge Capital Holdings (a) | 1,107 | 13,350 | |
Bryn Mawr Bank Corp. | 7,755 | 152,463 | |
BSB Bancorp, Inc. | 6,958 | 78,417 | |
Camden National Corp. | 1,850 | 65,398 | |
Capital City Bank Group, Inc. | 7,146 | 56,239 | |
CapitalSource, Inc. | 236,039 | 1,593,263 | |
Cardinal Financial Corp. | 11,113 | 119,465 | |
Cascade Bancorp (a)(d) | 4,186 | 24,279 | |
Cathay General Bancorp | 74,072 | 1,210,336 | |
Center Bancorp, Inc. | 6,904 | 66,347 | |
Centerstate Banks of Florida, Inc. | 6,387 | 44,709 | |
Central Pacific Financial Corp. (a)(d) | 20,164 | 279,070 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 16,985 | |
Chemical Financial Corp. | 26,904 | 593,502 | |
CIT Group, Inc. (a) | 177,243 | 7,215,563 | |
Citizens & Northern Corp. | 8,777 | 174,662 | |
Citizens Republic Bancorp, Inc. (a) | 26,148 | 357,966 | |
City Holding Co. | 22,173 | 759,869 | |
City National Corp. (d) | 34,413 | 1,617,411 | |
CNB Financial Corp., Pennsylvania | 6,683 | 103,587 | |
CoBiz, Inc. | 39,972 | 233,037 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 630,587 | |
Comerica, Inc. | 150,887 | 4,479,835 | |
Commerce Bancshares, Inc. | 62,562 | 2,415,519 | |
Community Bank System, Inc. | 29,335 | 801,432 | |
Community Trust Bancorp, Inc. | 13,652 | 421,028 | |
Cullen/Frost Bankers, Inc. | 42,764 | 2,415,311 | |
CVB Financial Corp. | 75,043 | 808,213 | |
Eagle Bancorp, Inc., Maryland (a) | 8,538 | 132,424 | |
East West Bancorp, Inc. | 159,291 | 3,523,517 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 2,430 | |
Encore Bancshares, Inc. (a) | 960 | 13,920 | |
Enterprise Bancorp, Inc. | 803 | 12,728 | |
Enterprise Financial Services Corp. | 12,168 | 141,149 | |
Farmers National Banc Corp. | 14,652 | 82,051 | |
Fidelity Southern Corp. | 3,191 | 20,422 | |
Fifth Third Bancorp | 789,319 | 10,742,632 | |
Financial Institutions, Inc. | 12,700 | 207,772 | |
First Bancorp, North Carolina | 9,193 | 91,930 | |
First Bancorp, Puerto Rico (a)(d) | 31,060 | 120,202 | |
First Busey Corp. | 50,381 | 243,844 | |
First Citizen Bancshares, Inc. | 4,653 | 819,626 | |
First Commonwealth Financial Corp. (d) | 74,665 | 447,243 | |
First Community Bancshares, Inc. | 8,561 | 106,156 | |
First Connecticut Bancorp, Inc. | 11,897 | 153,471 | |
First Financial Bancorp, Ohio | 41,951 | 686,738 | |
First Financial Bankshares, Inc. (d) | 36,100 | 1,236,786 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Financial Corp., Indiana (d) | 8,837 | $ 282,696 | |
First Financial Service Corp. (a) | 2,521 | 7,815 | |
First Horizon National Corp. | 177,392 | 1,667,485 | |
First Interstate Bancsystem, Inc. | 16,000 | 217,600 | |
First M&F Corp. | 2,170 | 8,376 | |
First Merchants Corp. | 25,012 | 277,133 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 968,520 | |
First Niagara Financial Group, Inc. | 246,667 | 2,358,137 | |
First of Long Island Corp. | 1,768 | 45,862 | |
First Republic Bank (a) | 55,175 | 1,654,698 | |
First United Corp. (a) | 3,018 | 16,358 | |
FirstMerit Corp. | 79,130 | 1,270,037 | |
FNB Corp., Pennsylvania | 105,430 | 1,243,020 | |
FNB United Corp. (a)(d) | 490 | 7,335 | |
Fulton Financial Corp. | 148,647 | 1,456,741 | |
German American Bancorp, Inc. | 4,623 | 90,518 | |
Glacier Bancorp, Inc. | 63,024 | 869,731 | |
Great Southern Bancorp, Inc. | 6,815 | 150,066 | |
Green Bankshares, Inc. (a) | 6,941 | 9,995 | |
Guaranty Bancorp (a) | 13,950 | 22,181 | |
Hampton Roads Bankshares, Inc. (a)(d) | 18,252 | 47,455 | |
Hancock Holding Co. | 65,414 | 2,220,805 | |
Hanmi Financial Corp. (a) | 26,311 | 228,116 | |
Hawthorn Bancshares, Inc. | 1,384 | 9,896 | |
Heartland Financial USA, Inc. | 6,878 | 108,191 | |
Heritage Commerce Corp. (a)(d) | 14,712 | 77,238 | |
Heritage Financial Corp., Washington (d) | 12,768 | 171,091 | |
Heritage Oaks Bancorp (a) | 3,340 | 13,527 | |
Home Bancshares, Inc. | 25,101 | 632,545 | |
Horizon Bancorp Industries | 471 | 8,290 | |
Hudson Valley Holding Corp. | 14,551 | 237,472 | |
Huntington Bancshares, Inc. | 649,123 | 3,794,124 | |
IBERIABANK Corp. (d) | 22,592 | 1,198,280 | |
Independent Bank Corp. (a)(d) | 1,144 | 1,773 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 713,228 | |
International Bancshares Corp. | 41,513 | 787,917 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 20,944 | |
Investors Bancorp, Inc. (a) | 48,601 | 706,173 | |
KeyCorp | 879,084 | 7,120,580 | |
Lakeland Bancorp, Inc. | 9,026 | 81,776 | |
Lakeland Financial Corp. | 13,545 | 341,605 | |
M&T Bank Corp. | 96,545 | 7,880,003 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 62,807 | |
MainSource Financial Group, Inc. | 13,271 | 134,568 | |
MB Financial, Inc. | 39,661 | 789,254 | |
MBT Financial Corp. (a) | 1,548 | 3,282 | |
Merchants Bancshares, Inc. | 4,373 | 121,788 | |
Metro Bancorp, Inc. (a) | 11,557 | 122,966 | |
Midsouth Bancorp, Inc. | 5,240 | 67,386 | |
National Bankshares, Inc. | 5,203 | 140,533 | |
| |||
Shares | Value | ||
National Penn Bancshares, Inc. (d) | 120,787 | $ 1,056,886 | |
NBT Bancorp, Inc. | 33,888 | 739,097 | |
NewBridge Bancorp (a) | 7,211 | 29,277 | |
North Valley Bancorp (a) | 849 | 8,881 | |
Northrim Bancorp, Inc. | 2,935 | 58,700 | |
Old National Bancorp, Indiana | 66,861 | 807,681 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 22,326 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 123,030 | |
Oriental Financial Group, Inc. (d) | 28,906 | 339,646 | |
Orrstown Financial Services, Inc. | 4,006 | 34,652 | |
Pacific Capital Bancorp NA (a) | 7,809 | 218,730 | |
Pacific Continental Corp. | 3,048 | 25,603 | |
Pacific Mercantile Bancorp (a) | 5,055 | 22,040 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 263 | |
PacWest Bancorp | 32,508 | 707,699 | |
Palmetto Bancshares, Inc. (a) | 315 | 1,733 | |
Park National Corp. (d) | 10,514 | 723,784 | |
Park Sterling Corp. (a) | 122 | 555 | |
Penns Woods Bancorp, Inc. | 306 | 11,931 | |
Peoples Bancorp, Inc. | 3,334 | 53,911 | |
Peoples Financial Corp., Mississippi | 2,667 | 25,897 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 498,224 | |
PNC Financial Services Group, Inc. | 426,140 | 25,363,853 | |
Popular, Inc. (a) | 781,463 | 1,484,780 | |
Preferred Bank, Los Angeles (a) | 1,131 | 11,423 | |
Premier Financial Bancorp, Inc. (a) | 115 | 702 | |
Princeton National Bancorp, Inc. (a)(d) | 2,541 | 4,167 | |
PrivateBancorp, Inc. | 59,931 | 869,000 | |
Prosperity Bancshares, Inc. | 34,532 | 1,510,430 | |
Regions Financial Corp. | 944,773 | 5,441,892 | |
Renasant Corp. | 22,516 | 341,568 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 474,422 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,564 | |
S&T Bancorp, Inc. | 32,238 | 683,768 | |
S.Y. Bancorp, Inc. | 6,551 | 142,484 | |
Sandy Spring Bancorp, Inc. | 13,803 | 249,282 | |
SCBT Financial Corp. | 10,493 | 324,968 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 47,416 | |
Shore Bancshares, Inc. | 2,958 | 18,251 | |
Sierra Bancorp | 3,618 | 33,286 | |
Signature Bank (a)(d) | 34,178 | 2,028,806 | |
Simmons First National Corp. Class A | 10,951 | 287,902 | |
Southside Bancshares, Inc. | 12,128 | 258,448 | |
Southwest Bancorp, Inc., Oklahoma (a) | 15,446 | 132,218 | |
State Bank Financial Corp. (a) | 21,939 | 356,289 | |
State Investors Bancorp, Inc. (a) | 2,013 | 22,425 | |
StellarOne Corp. | 11,962 | 139,118 | |
Sterling Bancorp, New York | 27,642 | 246,014 | |
Sterling Financial Corp., Washington (a) | 32,587 | 634,143 | |
Suffolk Bancorp (a) | 12,482 | 151,032 | |
Sun Bancorp, Inc., New Jersey (a) | 29,419 | 84,433 | |
SunTrust Banks, Inc. | 406,442 | 9,331,908 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,518,370 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
SVB Financial Group (a)(d) | 37,929 | $ 2,248,431 | |
Synovus Financial Corp. | 628,901 | 1,333,270 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 134,177 | |
TCF Financial Corp. (d) | 106,955 | 1,152,975 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,507,631 | |
The First Bancorp, Inc. | 2,896 | 43,440 | |
TIB Financial Corp. (a) | 215 | 2,322 | |
Tompkins Financial Corp. (d) | 6,090 | 250,299 | |
TowneBank (d) | 18,053 | 233,245 | |
Trico Bancshares | 12,062 | 195,404 | |
Trustmark Corp. | 54,904 | 1,294,636 | |
U.S. Bancorp | 1,544,556 | 45,409,946 | |
UMB Financial Corp. | 25,089 | 1,044,957 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,100,718 | |
Union/First Market Bankshares Corp. | 16,413 | 227,812 | |
United Bankshares, Inc., West Virginia | 35,646 | 1,043,715 | |
United Community Banks, Inc., Georgia (a) | 13,649 | 122,432 | |
Univest Corp. of Pennsylvania | 7,216 | 114,013 | |
Valley National Bancorp (d) | 175,665 | 2,197,569 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 315,437 | |
VIST Financial Corp. | 1,370 | 16,385 | |
Washington Banking Co., Oak Harbor | 5,615 | 71,254 | |
Washington Trust Bancorp, Inc. | 15,489 | 364,146 | |
Webster Financial Corp. (d) | 53,186 | 1,163,710 | |
Wellesley Bancorp, Inc. | 673 | 8,372 | |
Wells Fargo & Co. | 3,979,209 | 124,509,450 | |
WesBanco, Inc. | 18,333 | 357,494 | |
West Bancorp., Inc. | 1,202 | 11,575 | |
West Coast Bancorp (a) | 10,217 | 175,222 | |
Westamerica Bancorp. | 22,409 | 1,061,290 | |
Western Alliance Bancorp. (a)(d) | 48,403 | 394,000 | |
Wilshire Bancorp, Inc. (a)(d) | 41,540 | 180,284 | |
Wintrust Financial Corp. | 26,208 | 883,472 | |
Zions Bancorporation | 135,681 | 2,577,939 | |
| 363,709,861 | ||
Consumer Finance - 0.7% | |||
Advance America Cash Advance Centers, Inc. | 34,619 | 358,999 | |
American Express Co. | 815,889 | 43,152,369 | |
Capital One Financial Corp. | 380,834 | 19,270,200 | |
Cash America International, Inc. (d) | 21,391 | 992,115 | |
CompuCredit Holdings Corp. (a)(d) | 48,566 | 260,799 | |
Consumer Portfolio Services, Inc. (a) | 2,464 | 2,883 | |
Credit Acceptance Corp. (a)(d) | 6,852 | 659,574 | |
DFC Global Corp. (a) | 41,227 | 738,376 | |
Discover Financial Services | 420,798 | 12,628,148 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 32,709 | 1,030,334 | |
First Cash Financial Services, Inc. (a)(d) | 20,351 | 860,033 | |
First Marblehead Corp. (a)(d) | 51,880 | 63,294 | |
Green Dot Corp. Class A (a) | 12,869 | 410,907 | |
| |||
Shares | Value | ||
Imperial Holdings, Inc. (a) | 16,708 | $ 41,770 | |
Nelnet, Inc. Class A | 22,213 | 586,867 | |
Netspend Holdings, Inc. (a) | 44,711 | 384,962 | |
SLM Corp. | 416,481 | 6,563,741 | |
World Acceptance Corp. (a)(d) | 15,268 | 969,823 | |
| 88,975,194 | ||
Diversified Financial Services - 2.6% | |||
Bank of America Corp. | 8,108,250 | 64,622,753 | |
CBOE Holdings, Inc. | 65,601 | 1,808,620 | |
Citigroup, Inc. | 2,316,107 | 77,172,685 | |
CME Group, Inc. | 51,156 | 14,809,150 | |
FX Alliance, Inc. | 4,330 | 58,585 | |
Gain Capital Holdings, Inc. | 15,735 | 82,451 | |
Interactive Brokers Group, Inc. | 35,966 | 570,421 | |
IntercontinentalExchange, Inc. (a) | 65,579 | 9,047,279 | |
JPMorgan Chase & Co. | 3,041,884 | 119,363,528 | |
Leucadia National Corp. | 154,061 | 4,389,198 | |
Life Partners Holdings, Inc. | 18,668 | 79,339 | |
MarketAxess Holdings, Inc. | 22,779 | 754,440 | |
Marlin Business Services Corp. (d) | 11,576 | 181,743 | |
MicroFinancial, Inc. | 86 | 578 | |
Moody's Corp. | 166,293 | 6,420,573 | |
MSCI, Inc. Class A (a)(d) | 85,736 | 3,033,340 | |
NewStar Financial, Inc. (a) | 17,193 | 169,523 | |
NYSE Euronext | 203,024 | 6,044,024 | |
PHH Corp. (a) | 45,131 | 614,684 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 405,608 | |
Resource America, Inc. Class A | 2,362 | 14,054 | |
The NASDAQ Stock Market, Inc. (a) | 124,702 | 3,284,651 | |
Vector Capital Corp. rights | 4,280 | 0 | |
| 312,927,227 | ||
Insurance - 3.7% | |||
21st Century Holding Co. (a) | 1,278 | 4,256 | |
ACE Ltd. | 272,394 | 19,533,374 | |
AFLAC, Inc. | 366,712 | 17,327,142 | |
Alleghany Corp. (d) | 5,852 | 1,899,793 | |
Allied World Assurance Co. Holdings Ltd. | 28,043 | 1,849,997 | |
Allstate Corp. | 408,767 | 12,847,547 | |
American Equity Investment Life Holding Co. | 51,311 | 620,863 | |
American Financial Group, Inc. | 61,572 | 2,305,871 | |
American Independence Corp. (a) | 505 | 2,197 | |
American International Group, Inc. (a) | 368,556 | 10,769,206 | |
American National Insurance Co. | 10,418 | 751,138 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 51,191 | |
Amerisafe, Inc. (a) | 23,043 | 519,850 | |
Amtrust Financial Services, Inc. (d) | 23,804 | 642,946 | |
Aon Corp. | 246,387 | 11,533,375 | |
Arch Capital Group Ltd. (a) | 93,082 | 3,448,688 | |
Argo Group International Holdings, Ltd. | 29,792 | 889,291 | |
Arthur J. Gallagher & Co. (d) | 115,693 | 3,947,445 | |
Aspen Insurance Holdings Ltd. | 52,278 | 1,386,935 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Assurant, Inc. | 85,823 | $ 3,644,903 | |
Assured Guaranty Ltd. | 155,664 | 2,615,155 | |
Axis Capital Holdings Ltd. | 93,935 | 2,897,895 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 106,967 | |
Berkshire Hathaway, Inc. Class B (a) | 1,523,175 | 119,493,079 | |
Brown & Brown, Inc. | 82,279 | 1,944,253 | |
Cincinnati Financial Corp. | 112,154 | 3,944,456 | |
Citizens, Inc. Class A (a)(d) | 16,628 | 177,587 | |
CNA Financial Corp. | 21,776 | 614,301 | |
CNO Financial Group, Inc. (a) | 165,388 | 1,227,179 | |
Crawford & Co. Class B | 10,464 | 46,042 | |
Delphi Financial Group, Inc. Class A | 47,148 | 2,100,915 | |
Donegal Group, Inc. Class A | 3,439 | 47,355 | |
eHealth, Inc. (a)(d) | 26,343 | 395,935 | |
EMC Insurance Group | 5,050 | 106,404 | |
Employers Holdings, Inc. | 36,335 | 628,232 | |
Endurance Specialty Holdings Ltd. | 33,058 | 1,271,411 | |
Enstar Group Ltd. (a)(d) | 9,122 | 884,652 | |
Erie Indemnity Co. Class A | 23,329 | 1,775,570 | |
Everest Re Group Ltd. | 35,638 | 3,130,798 | |
FBL Financial Group, Inc. Class A | 12,986 | 441,134 | |
Fidelity National Financial, Inc. Class A | 160,871 | 2,776,633 | |
First Acceptance Corp. (a) | 4,055 | 5,880 | |
First American Financial Corp. | 99,791 | 1,536,781 | |
Flagstone Reinsurance Holdings Ltd. | 25,303 | 200,400 | |
Fortegra Financial Corp. (a) | 10,670 | 74,263 | |
Genworth Financial, Inc. Class A (a) | 360,009 | 3,272,482 | |
Global Indemnity PLC (a) | 13,709 | 262,253 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 401,834 | |
Hallmark Financial Services, Inc. (a) | 6,662 | 44,969 | |
Hanover Insurance Group, Inc. | 48,173 | 1,966,422 | |
Harleysville Group, Inc. (d) | 8,225 | 465,617 | |
Hartford Financial Services Group, Inc. | 337,025 | 6,979,788 | |
HCC Insurance Holdings, Inc. | 77,118 | 2,355,184 | |
Hilltop Holdings, Inc. (a) | 54,392 | 448,190 | |
Horace Mann Educators Corp. | 37,921 | 657,171 | |
Independence Holding Co. | 16,014 | 146,688 | |
Infinity Property & Casualty Corp. | 13,372 | 733,187 | |
Investors Title Co. | 1,086 | 49,065 | |
Kansas City Life Insurance Co. | 2,863 | 91,673 | |
Kemper Corp. | 35,842 | 1,025,798 | |
Lincoln National Corp. (d) | 231,248 | 5,744,200 | |
Loews Corp. | 301,087 | 11,784,545 | |
Maiden Holdings Ltd. | 73,970 | 639,841 | |
Markel Corp. (a) | 6,736 | 2,747,951 | |
Marsh & McLennan Companies, Inc. | 414,030 | 12,917,736 | |
MBIA, Inc. (a)(d) | 115,555 | 1,245,683 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 445,450 | |
Mercury General Corp. | 16,938 | 726,301 | |
MetLife, Inc. | 667,419 | 25,729,002 | |
| |||
Shares | Value | ||
Montpelier Re Holdings Ltd. | 62,043 | $ 1,070,242 | |
National Financial Partners Corp. (a)(d) | 38,246 | 583,634 | |
National Interstate Corp. | 2,286 | 55,207 | |
National Security Group, Inc. | 1,586 | 14,433 | |
National Western Life Insurance Co. Class A | 1,306 | 177,303 | |
Navigators Group, Inc. (a) | 15,156 | 712,484 | |
Old Republic International Corp. | 178,199 | 1,935,241 | |
OneBeacon Insurance Group Ltd. | 20,572 | 313,723 | |
PartnerRe Ltd. | 49,442 | 3,136,600 | |
Phoenix Companies, Inc. (a)(d) | 61,343 | 126,980 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,170,244 | |
Presidential Life Corp. | 17,026 | 184,221 | |
Primerica, Inc. | 37,863 | 947,332 | |
Principal Financial Group, Inc. | 266,275 | 7,365,167 | |
ProAssurance Corp. | 21,573 | 1,893,246 | |
Progressive Corp. | 507,847 | 10,878,083 | |
Protective Life Corp. (d) | 60,558 | 1,681,696 | |
Prudential Financial, Inc. | 388,075 | 23,734,667 | |
Reinsurance Group of America, Inc. | 67,424 | 3,888,342 | |
RenaissanceRe Holdings Ltd. | 38,496 | 2,770,172 | |
RLI Corp. | 13,036 | 913,302 | |
Safety Insurance Group, Inc. | 14,899 | 635,889 | |
SeaBright Insurance Holdings, Inc. | 38,085 | 311,535 | |
Selective Insurance Group, Inc. | 35,800 | 615,044 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,488,257 | |
State Auto Financial Corp. | 6,222 | 86,984 | |
Stewart Information Services Corp. | 21,434 | 281,643 | |
Symetra Financial Corp. | 63,181 | 628,019 | |
The Chubb Corp. | 225,559 | 15,328,990 | |
The Travelers Companies, Inc. | 336,375 | 19,499,659 | |
Torchmark Corp. (d) | 96,240 | 4,661,866 | |
Tower Group, Inc. | 33,224 | 765,813 | |
Transatlantic Holdings, Inc. | 44,643 | 2,705,366 | |
Unico American Corp. (a) | 3,526 | 38,257 | |
United Fire Group, Inc. | 20,054 | 402,885 | |
Universal Insurance Holdings, Inc. | 15,547 | 62,654 | |
Unum Group | 265,385 | 6,117,124 | |
Validus Holdings Ltd. | 48,925 | 1,491,723 | |
W.R. Berkley Corp. (d) | 93,123 | 3,329,147 | |
White Mountains Insurance Group Ltd. | 5,455 | 2,706,880 | |
XL Group PLC Class A | 291,212 | 6,057,210 | |
| 454,067,579 | ||
Real Estate Investment Trusts - 3.1% | |||
Acadia Realty Trust (SBI) (d) | 40,453 | 857,199 | |
AG Mortgage Investment Trust, Inc. (d) | 8,651 | 172,328 | |
Agree Realty Corp. | 17,794 | 427,056 | |
Alexanders, Inc. (d) | 2,559 | 971,013 | |
Alexandria Real Estate Equities, Inc. | 48,539 | 3,479,761 | |
American Assets Trust, Inc. | 30,756 | 661,869 | |
American Campus Communities, Inc. (d) | 50,695 | 2,086,099 | |
American Capital Agency Corp. | 159,714 | 4,904,817 | |
American Capital Mortgage Investment Corp. (d) | 6,160 | 132,810 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Tower Corp. | 302,714 | $ 18,943,842 | |
Annaly Capital Management, Inc. (d) | 759,339 | 12,620,214 | |
Anworth Mortgage Asset Corp. | 125,333 | 814,665 | |
Apartment Investment & Management Co. Class A | 79,559 | 1,976,246 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 343,880 | |
Arbor Realty Trust, Inc. (a) | 23,842 | 114,442 | |
Armour Residential REIT, Inc. | 96,013 | 678,812 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 589,914 | |
Associated Estates Realty Corp. (d) | 41,987 | 626,446 | |
AvalonBay Communities, Inc. (d) | 79,154 | 10,263,899 | |
BioMed Realty Trust, Inc. (d) | 115,007 | 2,118,429 | |
Boston Properties, Inc. | 110,386 | 11,209,698 | |
Brandywine Realty Trust (SBI) (d) | 116,242 | 1,256,576 | |
BRE Properties, Inc. | 50,669 | 2,453,900 | |
BRT Realty Trust (a) | 5,568 | 35,969 | |
Camden Property Trust (SBI) (d) | 53,660 | 3,326,920 | |
Campus Crest Communities, Inc. | 19,510 | 206,611 | |
Capital Trust, Inc. Class A (a) | 19,793 | 67,296 | |
CapLease, Inc. | 46,796 | 188,588 | |
Capstead Mortgage Corp. | 62,774 | 834,894 | |
CBL & Associates Properties, Inc. (d) | 105,320 | 1,856,792 | |
Cedar Shopping Centers, Inc. | 35,947 | 171,108 | |
Chatham Lodging Trust | 11,126 | 134,180 | |
Chesapeake Lodging Trust (d) | 21,838 | 385,004 | |
Chimera Investment Corp. | 1,176,306 | 3,611,259 | |
Cogdell Spencer, Inc. | 38,346 | 162,204 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,509,656 | |
Colony Financial, Inc. | 21,335 | 355,868 | |
CommonWealth REIT | 67,934 | 1,263,572 | |
Coresite Realty Corp. | 15,524 | 331,437 | |
Corporate Office Properties Trust (SBI) (d) | 60,016 | 1,471,592 | |
Cousins Properties, Inc. (d) | 85,536 | 632,111 | |
Crexus Investment Corp. | 50,256 | 560,354 | |
CubeSmart | 77,898 | 878,689 | |
Cys Investments, Inc. (d) | 81,827 | 1,110,392 | |
DCT Industrial Trust, Inc. (d) | 159,549 | 903,047 | |
DDR Corp. | 184,424 | 2,605,911 | |
DiamondRock Hospitality Co. (d) | 119,310 | 1,188,328 | |
Digital Realty Trust, Inc. | 76,725 | 5,562,563 | |
Douglas Emmett, Inc. | 89,730 | 1,890,611 | |
Duke Realty LP | 198,989 | 2,761,967 | |
DuPont Fabros Technology, Inc. (d) | 42,941 | 983,349 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,165,234 | |
Education Realty Trust, Inc. (d) | 62,872 | 646,324 | |
Entertainment Properties Trust (SBI) (d) | 60,495 | 2,752,523 | |
Equity Lifestyle Properties, Inc. (d) | 31,485 | 2,094,067 | |
Equity One, Inc. (d) | 40,590 | 772,022 | |
Equity Residential (SBI) | 234,055 | 13,315,389 | |
Essex Property Trust, Inc. (d) | 26,848 | 3,758,452 | |
| |||
Shares | Value | ||
Excel Trust, Inc. | 30,162 | $ 361,642 | |
Extra Space Storage, Inc. | 78,885 | 2,080,197 | |
Federal Realty Investment Trust (SBI) | 61,635 | 5,876,897 | |
FelCor Lodging Trust, Inc. (a) | 117,716 | 452,029 | |
First Industrial Realty Trust, Inc. (a) | 56,203 | 664,319 | |
First Potomac Realty Trust (d) | 52,713 | 697,393 | |
Franklin Street Properties Corp. (d) | 68,554 | 706,792 | |
General Growth Properties, Inc. | 364,744 | 5,934,385 | |
Getty Realty Corp. (d) | 23,628 | 401,676 | |
Gladstone Commercial Corp. | 7,566 | 135,204 | |
Glimcher Realty Trust | 104,869 | 1,038,203 | |
Government Properties Income Trust | 25,248 | 589,036 | |
Gramercy Capital Corp. (a) | 25,709 | 74,556 | |
Hatteras Financial Corp. | 62,065 | 1,767,611 | |
HCP, Inc. | 343,212 | 13,556,874 | |
Health Care REIT, Inc. | 150,000 | 8,166,000 | |
Healthcare Realty Trust, Inc. (d) | 51,018 | 1,054,542 | |
Hersha Hospitality Trust | 136,305 | 685,614 | |
Highwoods Properties, Inc. (SBI) | 48,585 | 1,554,720 | |
Home Properties, Inc. (d) | 35,000 | 2,017,050 | |
Hospitality Properties Trust (SBI) (d) | 90,003 | 2,225,774 | |
Host Hotels & Resorts, Inc. (d) | 541,818 | 8,549,888 | |
Hudson Pacific Properties, Inc. | 14,404 | 220,237 | |
Inland Real Estate Corp. | 58,987 | 511,417 | |
Invesco Mortgage Capital, Inc. | 96,602 | 1,654,792 | |
Investors Real Estate Trust (d) | 69,850 | 532,956 | |
iStar Financial, Inc. (a) | 71,516 | 504,188 | |
Kilroy Realty Corp. (d) | 54,084 | 2,371,043 | |
Kimco Realty Corp. (d) | 343,109 | 6,306,343 | |
Kite Realty Group Trust | 30,457 | 149,544 | |
LaSalle Hotel Properties (SBI) | 60,809 | 1,622,384 | |
Lexington Corporate Properties Trust | 108,388 | 937,556 | |
Liberty Property Trust (SBI) (d) | 90,608 | 3,073,423 | |
LTC Properties, Inc. | 26,907 | 830,350 | |
Mack-Cali Realty Corp. | 59,265 | 1,694,979 | |
Medical Properties Trust, Inc. | 87,853 | 853,931 | |
MFA Financial, Inc. | 290,341 | 2,119,489 | |
Mid-America Apartment Communities, Inc. | 25,121 | 1,566,797 | |
Mission West Properties, Inc. (d) | 38,129 | 381,290 | |
Monmouth Real Estate Investment Corp. Class A | 12,122 | 113,462 | |
MPG Office Trust, Inc. (a)(d) | 84,174 | 188,550 | |
National Health Investors, Inc. | 21,683 | 1,021,920 | |
National Retail Properties, Inc. | 63,779 | 1,699,710 | |
New York Mortgage Trust, Inc. (d) | 3,129 | 22,216 | |
NorthStar Realty Finance Corp. | 91,257 | 487,312 | |
Omega Healthcare Investors, Inc. (d) | 72,226 | 1,471,244 | |
One Liberty Properties, Inc. | 11,261 | 196,842 | |
Parkway Properties, Inc. | 29,977 | 299,470 | |
Pebblebrook Hotel Trust | 35,559 | 762,029 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 734,758 | |
Pennymac Mortgage Investment Trust | 24,225 | 436,050 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | $ 2,623,865 | |
Plum Creek Timber Co., Inc. | 155,723 | 6,098,113 | |
PMC Commercial Trust | 8,500 | 61,455 | |
Post Properties, Inc. | 41,888 | 1,829,249 | |
Potlatch Corp. (d) | 27,984 | 862,467 | |
Prologis, Inc. | 391,545 | 13,179,405 | |
PS Business Parks, Inc. | 16,465 | 1,027,745 | |
Public Storage | 111,267 | 14,917,567 | |
RAIT Financial Trust | 28,885 | 153,091 | |
Ramco-Gershenson Properties Trust (SBI) | 23,549 | 260,687 | |
Rayonier, Inc. (d) | 86,770 | 3,863,000 | |
Realty Income Corp. | 100,000 | 3,689,000 | |
Redwood Trust, Inc. | 60,890 | 704,497 | |
Regency Centers Corp. (d) | 90,033 | 3,852,512 | |
Resource Capital Corp. | 43,562 | 251,353 | |
Retail Opportunity Investments Corp. | 20,294 | 236,019 | |
RLJ Lodging Trust | 47,820 | 837,806 | |
Rouse Properties, Inc. (a) | 13,681 | 200,153 | |
Rouse Properties, Inc. rights 3/16/12 (a) | 13,681 | 0 | |
Sabra Health Care REIT, Inc. | 44,632 | 637,345 | |
Saul Centers, Inc. | 11,025 | 417,407 | |
Senior Housing Properties Trust (SBI) | 111,115 | 2,377,861 | |
Simon Property Group, Inc. | 237,530 | 32,180,564 | |
SL Green Realty Corp. | 78,146 | 5,943,003 | |
Sovran Self Storage, Inc. (d) | 21,775 | 1,034,530 | |
Stag Industrial, Inc. | 9,543 | 117,283 | |
Starwood Property Trust, Inc. | 73,060 | 1,442,204 | |
Strategic Hotel & Resorts, Inc. (a) | 120,853 | 752,914 | |
Summit Hotel Properties, Inc. | 27,924 | 257,180 | |
Sun Communities, Inc. (d) | 36,167 | 1,496,952 | |
Sunstone Hotel Investors, Inc. (a)(d) | 81,015 | 727,515 | |
Tanger Factory Outlet Centers, Inc. | 57,882 | 1,694,785 | |
Taubman Centers, Inc. (d) | 39,924 | 2,757,551 | |
Terreno Realty Corp. | 10,962 | 155,880 | |
The Macerich Co. (d) | 107,006 | 5,777,254 | |
Two Harbors Investment Corp. | 135,657 | 1,394,554 | |
UDR, Inc. | 154,946 | 3,876,749 | |
UMH Properties, Inc. | 4,692 | 47,389 | |
Universal Health Realty Income Trust (SBI) | 13,491 | 509,825 | |
Urstadt Biddle Properties, Inc. | 314 | 5,831 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 505,647 | |
Ventas, Inc. | 223,719 | 12,510,366 | |
Vornado Realty Trust | 139,847 | 11,429,695 | |
Washington (REIT) (SBI) | 44,091 | 1,305,975 | |
Weingarten Realty Investors (SBI) | 85,028 | 2,117,197 | |
Weyerhaeuser Co. | 408,182 | 8,526,922 | |
Whitestone REIT Class B | 1,800 | 23,292 | |
Winthrop Realty Trust | 18,504 | 210,761 | |
| 383,435,297 | ||
| |||
Shares | Value | ||
Real Estate Management & Development - 0.1% | |||
American Realty Capital Properties, Inc. | 5,970 | $ 67,461 | |
AV Homes, Inc. (a) | 6,188 | 64,788 | |
Brookfield Properties Corp. | 194,536 | 3,379,047 | |
CBRE Group, Inc. (a) | 220,257 | 4,037,311 | |
Consolidated-Tomoka Land Co. | 2,432 | 72,620 | |
Forest City Enterprises, Inc. Class A (a)(d) | 95,968 | 1,403,052 | |
Forestar Group, Inc. (a)(d) | 31,999 | 502,064 | |
Howard Hughes Corp. (a) | 21,592 | 1,199,436 | |
Jones Lang LaSalle, Inc. (d) | 31,527 | 2,566,613 | |
Kennedy-Wilson Holdings, Inc. | 25,602 | 346,139 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 116,786 | |
Tejon Ranch Co. (a)(d) | 11,342 | 331,413 | |
The St. Joe Co. (a)(d) | 64,020 | 1,031,362 | |
Thomas Properties Group, Inc. | 14,816 | 63,709 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 44,706 | |
| 15,226,507 | ||
Thrifts & Mortgage Finance - 0.2% | |||
Alliance Bancorp, Inc. of Pennsylvania | 1,065 | 12,024 | |
Apollo Residential Mortgage, Inc. | 12,502 | 224,161 | |
ASB Bancorp, Inc. | 4,145 | 49,947 | |
Astoria Financial Corp. (d) | 69,632 | 611,369 | |
Bank Mutual Corp. | 56,001 | 220,084 | |
BankAtlantic Bancorp, Inc. Class A (a)(d) | 14,545 | 31,999 | |
BankFinancial Corp. | 8,862 | 50,070 | |
BankUnited, Inc. | 38,231 | 880,460 | |
BCSB Bancorp, Inc. (a) | 94 | 1,204 | |
Beneficial Mutual Bancorp, Inc. (a) | 34,804 | 315,672 | |
Berkshire Hills Bancorp, Inc. (d) | 12,304 | 270,565 | |
BofI Holding, Inc. (a) | 11,427 | 187,289 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 797,962 | |
Camco Financial Corp. (a) | 347 | 791 | |
Cape Bancorp, Inc. (a) | 2,611 | 21,045 | |
Capitol Federal Financial, Inc. | 122,267 | 1,429,301 | |
CFS Bancorp, Inc. | 688 | 3,846 | |
Charter Financial Corp., Georgia | 1,200 | 11,592 | |
Chicopee Bancorp, Inc. (a) | 1,816 | 26,259 | |
Citizens South Banking Corp., Delaware | 4,022 | 17,496 | |
Clifton Savings Bancorp, Inc. | 14,989 | 147,342 | |
Dime Community Bancshares, Inc. | 51,879 | 722,156 | |
Doral Financial Corp. (a) | 159,443 | 223,220 | |
ESB Financial Corp. (d) | 7,915 | 100,916 | |
ESSA Bancorp, Inc. | 4,298 | 41,347 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 177,524 | |
First Defiance Financial Corp. | 6,145 | 96,108 | |
First Financial Holdings, Inc. | 6,172 | 60,239 | |
First Financial Northwest, Inc. (a)(d) | 2,197 | 16,192 | |
First PacTrust Bancorp, Inc. | 4,303 | 50,431 | |
Flagstar Bancorp, Inc. (a) | 372,060 | 268,218 | |
Flushing Financial Corp. | 37,878 | 490,520 | |
Fox Chase Bancorp, Inc. | 14,307 | 178,981 | |
Franklin Financial Corp./VA (a) | 8,632 | 116,446 | |
Guaranty Federal Bancshares, Inc. (a) | 924 | 7,069 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
HF Financial Corp. | 2,735 | $ 31,480 | |
Hingham Institution for Savings | 1,505 | 78,335 | |
Home Federal Bancorp, Inc. | 1,628 | 16,329 | |
Hudson City Bancorp, Inc. | 361,714 | 2,477,741 | |
IF Bancorp, Inc. (a) | 3,112 | 35,570 | |
Indiana Community Bancorp | 2,264 | 48,902 | |
Kaiser Federal Financial Group, Inc. | 8,188 | 110,620 | |
Kearny Financial Corp. | 2,196 | 20,489 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 9,698 | |
MGIC Investment Corp. (a)(d) | 129,823 | 585,502 | |
NASB Financial, Inc. (a) | 1,203 | 16,686 | |
New York Community Bancorp, Inc. | 334,923 | 4,357,348 | |
Northfield Bancorp, Inc. (d) | 9,876 | 136,091 | |
Northwest Bancshares, Inc. | 92,094 | 1,162,226 | |
OceanFirst Financial Corp. | 5,851 | 80,334 | |
Ocwen Financial Corp. (a)(d) | 74,000 | 1,192,140 | |
Oritani Financial Corp. | 26,763 | 348,722 | |
People's United Financial, Inc. | 298,743 | 3,761,174 | |
Peoples Federal Bancshares, Inc. (a) | 1,156 | 18,265 | |
Poage Bankshares, Inc. | 2,365 | 27,316 | |
Provident Financial Holdings, Inc. | 1,385 | 14,279 | |
Provident Financial Services, Inc. | 56,391 | 774,812 | |
Provident New York Bancorp | 44,223 | 377,222 | |
PVF Capital Corp. (a) | 11,916 | 20,376 | |
Radian Group, Inc. (d) | 84,170 | 319,004 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,538 | |
Rockville Financial, Inc. | 5,182 | 59,852 | |
Teche Holding Co. | 130 | 4,863 | |
Territorial Bancorp, Inc. | 11,189 | 234,969 | |
TF Financial Corp. | 1,705 | 42,045 | |
TFS Financial Corp. (a) | 120,727 | 1,128,797 | |
Timberland Bancorp, Inc. (a) | 5,034 | 21,143 | |
Tree.com, Inc. (a) | 3,275 | 25,021 | |
Trustco Bank Corp., New York | 73,043 | 391,510 | |
United Community Financial Corp., Ohio (a) | 11,112 | 15,001 | |
United Financial Bancorp, Inc. | 3,272 | 51,861 | |
ViewPoint Financial Group | 24,223 | 363,103 | |
Walker & Dunlop, Inc. (a) | 10,954 | 136,377 | |
Washington Federal, Inc. | 81,888 | 1,326,586 | |
Westfield Financial, Inc. | 28,907 | 229,233 | |
WSFS Financial Corp. | 10,396 | 400,142 | |
| 28,326,547 | ||
TOTAL FINANCIALS | 1,867,602,364 | ||
HEALTH CARE - 11.3% | |||
Biotechnology - 1.7% | |||
Aastrom Biosciences, Inc. (a)(d) | 78,454 | 140,433 | |
Acadia Pharmaceuticals, Inc. (a) | 28,029 | 46,808 | |
| |||
Shares | Value | ||
Achillion Pharmaceuticals, Inc. (a) | 28,628 | $ 300,594 | |
Acorda Therapeutics, Inc. (a) | 26,790 | 700,826 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 13,759 | 9,095 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 299,132 | |
Affymax, Inc. (a)(d) | 66,177 | 675,667 | |
Agenus, Inc. (a) | 772 | 2,463 | |
Alexion Pharmaceuticals, Inc. (a)(d) | 154,733 | 12,955,794 | |
Alkermes PLC (a) | 65,333 | 1,150,514 | |
Allos Therapeutics, Inc. (a) | 74,291 | 110,694 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 34,904 | 465,619 | |
AMAG Pharmaceuticals, Inc. (a) | 31,420 | 496,750 | |
Amgen, Inc. | 713,793 | 48,502,234 | |
Amicus Therapeutics, Inc. (a) | 6,651 | 39,773 | |
Amylin Pharmaceuticals, Inc. (a)(d) | 94,456 | 1,614,253 | |
Anacor Pharmaceuticals, Inc. (a) | 8,597 | 51,066 | |
Anthera Pharmaceuticals, Inc. (a) | 12,186 | 80,671 | |
Ardea Biosciences, Inc. (a)(d) | 18,307 | 390,305 | |
Arena Pharmaceuticals, Inc. (a)(d) | 227,861 | 405,593 | |
ARIAD Pharmaceuticals, Inc. (a) | 95,029 | 1,362,716 | |
ArQule, Inc. (a)(d) | 52,890 | 375,519 | |
Array Biopharma, Inc. (a) | 101,050 | 283,951 | |
Astex Pharmaceuticals, Inc. (a)(d) | 46,939 | 85,898 | |
AVEO Pharmaceuticals, Inc. (a) | 29,278 | 381,785 | |
AVI BioPharma, Inc. (a)(d) | 273,083 | 284,006 | |
Avigen, Inc. rights (a) | 1,600 | 0 | |
BioCryst Pharmaceuticals, Inc. (a) | 40,934 | 190,752 | |
Biogen Idec, Inc. (a) | 191,924 | 22,353,388 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 81,154 | 2,901,256 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 62,173 | |
Biosante Pharmaceuticals, Inc. (a) | 72,515 | 56,025 | |
Biospecifics Technologies Corp. (a) | 1,441 | 24,958 | |
BioTime, Inc. (a)(d) | 32,076 | 160,059 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 53,366 | |
Cel-Sci Corp. (a)(d) | 283,400 | 106,417 | |
Celgene Corp. (a) | 380,085 | 27,869,733 | |
Cell Therapeutics, Inc. (a)(d) | 100,397 | 128,508 | |
Celldex Therapeutics, Inc. (a) | 29,641 | 112,339 | |
Celsion Corp. (a)(d) | 15,910 | 32,775 | |
Cepheid, Inc. (a)(d) | 45,758 | 1,848,166 | |
Chelsea Therapeutics International Ltd. (a)(d) | 75,408 | 278,256 | |
Cleveland Biolabs, Inc. (a)(d) | 16,887 | 61,975 | |
Codexis, Inc. (a) | 13,589 | 53,541 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 81,770 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 45,911 | 1,967,745 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a)(d) | 51,867 | 233,920 | |
Cyclacel Pharmaceuticals, Inc. (a) | 80,707 | 58,109 | |
Cytokinetics, Inc. (a) | 59,298 | 61,077 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 226,161 | |
CytRx Corp. (a) | 180,289 | 62,019 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 14,212 | |
Dendreon Corp. (a)(d) | 107,274 | 1,207,905 | |
Discovery Laboratories, Inc. (a) | 218 | 778 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
DUSA Pharmaceuticals, Inc. (a) | 12,987 | $ 62,597 | |
Dyax Corp. (a) | 58,403 | 87,020 | |
Dynavax Technologies Corp. (a)(d) | 131,405 | 551,901 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 282,694 | |
EntreMed, Inc. (a) | 289 | 598 | |
Enzon Pharmaceuticals, Inc. (a) | 43,430 | 307,050 | |
Exact Sciences Corp. (a)(d) | 46,309 | 434,842 | |
Exelixis, Inc. (a) | 97,894 | 556,038 | |
Galena Biopharma, Inc. (a)(d) | 31,096 | 33,273 | |
Genomic Health, Inc. (a)(d) | 12,051 | 351,648 | |
GenVec, Inc. (a) | 8,140 | 21,978 | |
Geron Corp. (a) | 79,136 | 158,272 | |
Gilead Sciences, Inc. (a) | 608,734 | 27,697,397 | |
GTx, Inc. (a)(d) | 12,895 | 44,617 | |
Halozyme Therapeutics, Inc. (a)(d) | 66,038 | 760,097 | |
Hemispherx Biopharma, Inc. (a)(d) | 81,533 | 25,031 | |
Horizon Pharma, Inc. (d) | 8,364 | 28,856 | |
Human Genome Sciences, Inc. (a)(d) | 139,644 | 1,100,395 | |
iBio, Inc. (a) | 40,361 | 32,688 | |
Idenix Pharmaceuticals, Inc. (a) | 52,224 | 614,676 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 9,903 | |
ImmunoGen, Inc. (a)(d) | 57,844 | 796,512 | |
Immunomedics, Inc. (a)(d) | 54,782 | 195,024 | |
Incyte Corp. (a)(d) | 82,304 | 1,395,876 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 4,048 | 32,991 | |
Inovio Pharmaceuticals, Inc. (a) | 47,000 | 27,260 | |
Insmed, Inc. (a)(d) | 6,880 | 29,309 | |
InterMune, Inc. (a) | 50,243 | 674,261 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 35,334 | 473,122 | |
Isis Pharmaceuticals, Inc. (a)(d) | 64,197 | 584,835 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 219,392 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 133,677 | 227,251 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 245,963 | |
MannKind Corp. (a) | 78,574 | 183,863 | |
Maxygen, Inc. (a) | 47,150 | 258,854 | |
Medivation, Inc. (a)(d) | 25,651 | 1,680,397 | |
Metabolix, Inc. (a)(d) | 41,636 | 114,499 | |
Micromet, Inc. (a)(d) | 75,077 | 825,096 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 630,908 | |
Myrexis, Inc. (a) | 68,786 | 220,115 | |
Myriad Genetics, Inc. (a) | 62,451 | 1,511,314 | |
Nabi Biopharmaceuticals (a) | 35,088 | 65,615 | |
Nanosphere, Inc. (a) | 12,896 | 27,855 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 398,647 | |
NewLink Genetics Corp. | 4,366 | 36,936 | |
Novavax, Inc. (a)(d) | 79,584 | 101,072 | |
NPS Pharmaceuticals, Inc. (a)(d) | 67,196 | 458,277 | |
OncoGenex Pharmaceuticals, Inc. (a) | 5,100 | 81,498 | |
Oncothyreon, Inc. (a)(d) | 23,957 | 196,447 | |
ONYX Pharmaceuticals, Inc. (a)(d) | 47,108 | 1,805,179 | |
| |||
Shares | Value | ||
Opexa Therapeutics, Inc. (a) | 9,114 | $ 8,476 | |
Opko Health, Inc. (a)(d) | 104,761 | 517,519 | |
OREXIGEN Therapeutics, Inc. (a) | 34,059 | 133,511 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 94,847 | |
OXiGENE, Inc. (a)(d) | 6,714 | 7,721 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 73,875 | |
PDL BioPharma, Inc. | 108,271 | 690,769 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 48,032 | 45,092 | |
Pharmacyclics, Inc. (a)(d) | 40,835 | 1,028,634 | |
PharmAthene, Inc. (a)(d) | 51,372 | 75,517 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 25,311 | 246,782 | |
PROLOR Biotech, Inc. (a) | 33,237 | 191,777 | |
Raptor Pharmaceutical Corp. (a)(d) | 12,780 | 89,204 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 68,654 | 7,194,253 | |
Repligen Corp. (a) | 5,241 | 23,113 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 22,973 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 61,503 | 615,030 | |
Sangamo Biosciences, Inc. (a)(d) | 37,246 | 196,286 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 176,970 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 28,016 | 131,395 | |
Seattle Genetics, Inc. (a)(d) | 83,271 | 1,537,183 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 207,959 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 36,395 | 516,445 | |
StemCells, Inc. (a)(d) | 14,648 | 16,113 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 56,799 | |
Synageva BioPharma Corp. (a) | 4,180 | 155,998 | |
Synta Pharmaceuticals Corp. (a) | 30,128 | 144,012 | |
Targacept, Inc. (a) | 18,977 | 129,423 | |
Telik, Inc. (a) | 11,402 | 1,596 | |
Theravance, Inc. (a)(d) | 51,033 | 954,317 | |
Threshold Pharmaceuticals, Inc. (a) | 11,685 | 60,645 | |
Tranzyme, Inc. | 9,317 | 46,958 | |
Trius Therapeutics, Inc. (a) | 7,007 | 35,455 | |
United Therapeutics Corp. (a)(d) | 37,819 | 1,805,101 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 204,596 | |
Verastem, Inc. | 400 | 4,640 | |
Vertex Pharmaceuticals, Inc. (a) | 191,600 | 7,457,072 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a) | 33,778 | 51,005 | |
Zalicus, Inc. (a) | 67,670 | 67,670 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 388,970 | |
| 203,695,313 | ||
Health Care Equipment & Supplies - 1.9% | |||
Abaxis, Inc. (a)(d) | 23,291 | 618,609 | |
Abiomed, Inc. (a)(d) | 36,354 | 759,072 | |
Accuray, Inc. (a)(d) | 37,835 | 256,521 | |
Alere, Inc. (a) | 62,700 | 1,594,461 | |
Align Technology, Inc. (a)(d) | 92,669 | 2,373,253 | |
Alphatec Holdings, Inc. (a)(d) | 36,801 | 69,186 | |
Analogic Corp. (d) | 9,235 | 525,933 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 343,429 | |
Anika Therapeutics, Inc. (a) | 4,090 | 46,462 | |
Antares Pharma, Inc. (a) | 25,935 | 65,356 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
ArthroCare Corp. (a) | 20,678 | $ 539,696 | |
Atricure, Inc. (a) | 2,192 | 22,358 | |
Atrion Corp. | 530 | 109,180 | |
Bacterin International Holdings, Inc. (a) | 9,747 | 28,851 | |
Baxter International, Inc. | 469,167 | 27,272,678 | |
Becton, Dickinson & Co. | 163,254 | 12,443,220 | |
BioLase Technology, Inc. (d) | 23,962 | 65,177 | |
Boston Scientific Corp. (a) | 1,310,092 | 8,148,772 | |
BSD Medical Corp. (a)(d) | 46,363 | 101,535 | |
C. R. Bard, Inc. | 65,241 | 6,107,862 | |
Cantel Medical Corp. | 32,623 | 658,658 | |
Cardica, Inc. (a) | 23,778 | 48,032 | |
Cardiovascular Systems, Inc. (a)(d) | 5,726 | 51,820 | |
CareFusion Corp. (a) | 165,874 | 4,281,208 | |
Cerus Corp. (a)(d) | 38,690 | 145,474 | |
Conceptus, Inc. (a)(d) | 26,951 | 363,030 | |
CONMED Corp. | 19,521 | 582,507 | |
Covidien PLC | 384,638 | 20,097,336 | |
Cryolife, Inc. (a) | 20,961 | 114,237 | |
Cutera, Inc. (a) | 15,449 | 144,448 | |
Cyberonics, Inc. (a)(d) | 26,017 | 968,613 | |
Cynosure, Inc. Class A (a) | 6,957 | 123,765 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 522,755 | |
DENTSPLY International, Inc. (d) | 140,521 | 5,435,352 | |
Derma Sciences, Inc. (a) | 2,779 | 24,372 | |
DexCom, Inc. (a)(d) | 65,323 | 704,835 | |
DynaVox, Inc. Class A (a) | 5,368 | 17,017 | |
Edwards Lifesciences Corp. (a)(d) | 102,152 | 7,470,376 | |
Endologix, Inc. (a)(d) | 30,670 | 405,764 | |
Exactech, Inc. (a)(d) | 3,102 | 49,291 | |
Fonar Corp. (a) | 719 | 1,438 | |
Gen-Probe, Inc. (a) | 34,362 | 2,346,237 | |
Genmark Diagnostics, Inc. (a) | 4,700 | 19,552 | |
Greatbatch, Inc. (a)(d) | 22,320 | 552,420 | |
Haemonetics Corp. (a)(d) | 17,372 | 1,164,445 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 155,340 | |
Hill-Rom Holdings, Inc. | 45,276 | 1,538,026 | |
Hologic, Inc. (a) | 188,071 | 3,898,712 | |
ICU Medical, Inc. (a)(d) | 17,344 | 795,743 | |
IDEXX Laboratories, Inc. (a) | 44,087 | 3,780,460 | |
Insulet Corp. (a)(d) | 24,061 | 474,483 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 448,625 | |
Intuitive Surgical, Inc. (a) | 32,467 | 16,610,767 | |
Invacare Corp. | 28,414 | 469,115 | |
IRIS International, Inc. (a) | 20,459 | 228,527 | |
IVAX Diagnostics, Inc. (a) | 3,094 | 1,547 | |
Kensey Nash Corp. | 22,159 | 500,350 | |
Kewaunee Scientific Corp. | 1,376 | 11,380 | |
LeMaitre Vascular, Inc. | 3,845 | 21,532 | |
Mako Surgical Corp. (a)(d) | 32,106 | 1,255,345 | |
Masimo Corp. (a)(d) | 36,398 | 793,476 | |
| |||
Shares | Value | ||
Medical Action Industries, Inc. (a) | 12,909 | $ 69,967 | |
Medtronic, Inc. | 850,420 | 32,418,010 | |
MELA Sciences, Inc. (a)(d) | 32,214 | 148,829 | |
Meridian Bioscience, Inc. (d) | 35,455 | 638,899 | |
Merit Medical Systems, Inc. (a) | 29,543 | 369,878 | |
Misonix, Inc. (a) | 2,579 | 5,106 | |
Natus Medical, Inc. (a) | 24,629 | 257,866 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 343,338 | |
Neogen Corp. (a)(d) | 25,237 | 875,724 | |
NuVasive, Inc. (a) | 28,061 | 440,277 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 856,600 | |
OraSure Technologies, Inc. (a) | 22,681 | 227,490 | |
Orthofix International NV (a) | 16,427 | 644,103 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
Quidel Corp. (a)(d) | 34,466 | 488,728 | |
ResMed, Inc. (a)(d) | 157,117 | 4,603,528 | |
Retractable Technologies, Inc. (a) | 5,248 | 6,298 | |
Rockwell Medical Technologies, Inc. (a) | 2,069 | 19,635 | |
RTI Biologics, Inc. (a) | 29,474 | 109,054 | |
Sirona Dental Systems, Inc. (a) | 39,958 | 1,993,904 | |
Solta Medical, Inc. (a) | 20,912 | 59,390 | |
SonoSite, Inc. (a) | 19,011 | 1,025,073 | |
St. Jude Medical, Inc. | 262,641 | 11,062,439 | |
Staar Surgical Co. (a)(d) | 15,788 | 164,669 | |
Stereotaxis, Inc. (a)(d) | 24,530 | 18,765 | |
Steris Corp. | 36,700 | 1,151,646 | |
Stryker Corp. | 227,565 | 12,206,587 | |
SurModics, Inc. (a) | 19,525 | 277,255 | |
Symmetry Medical, Inc. (a) | 29,367 | 212,617 | |
Synergetics USA, Inc. (a) | 3,622 | 22,819 | |
Teleflex, Inc. | 29,057 | 1,722,208 | |
The Cooper Companies, Inc. | 33,711 | 2,679,350 | |
The Spectranetics Corp. (a) | 29,169 | 226,351 | |
Theragenics Corp. (a) | 1,117 | 1,776 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 16,002 | |
Thoratec Corp. (a)(d) | 42,041 | 1,450,415 | |
Unilife Corp. (a)(d) | 50,575 | 187,633 | |
Urologix, Inc. (a)(d) | 3,267 | 4,508 | |
Uroplasty, Inc. (a) | 1,597 | 4,408 | |
Varian Medical Systems, Inc. (a)(d) | 87,245 | 5,692,736 | |
Vascular Solutions, Inc. (a) | 2,125 | 22,291 | |
Vermillion, Inc. (a) | 5,249 | 6,929 | |
Volcano Corp. (a)(d) | 37,240 | 1,043,837 | |
West Pharmaceutical Services, Inc. (d) | 23,198 | 965,037 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 491,600 | |
Young Innovations, Inc. | 2,156 | 65,219 | |
Zeltiq Aesthetics, Inc. (d) | 6,038 | 66,901 | |
Zimmer Holdings, Inc. | 143,847 | 8,738,705 | |
Zoll Medical Corp. (a)(d) | 18,652 | 1,364,394 | |
| 234,411,468 | ||
Health Care Providers & Services - 2.2% | |||
Acadia Healthcare Co., Inc. (a) | 2,518 | 35,227 | |
Accretive Health, Inc. (a)(d) | 27,886 | 724,757 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Aetna, Inc. | 286,858 | $ 13,413,480 | |
Air Methods Corp. (a)(d) | 12,386 | 1,117,589 | |
Alliance Healthcare Services, Inc. (a)(d) | 85,702 | 116,555 | |
Almost Family, Inc. (a)(d) | 9,932 | 227,244 | |
Amedisys, Inc. (a)(d) | 19,251 | 247,375 | |
AMERIGROUP Corp. (a)(d) | 35,313 | 2,398,812 | |
AmerisourceBergen Corp. | 233,877 | 8,735,306 | |
AMN Healthcare Services, Inc. (a) | 51,175 | 273,275 | |
AmSurg Corp. (a) | 25,500 | 666,315 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 270,426 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 642,808 | |
BioScrip, Inc. (a)(d) | 41,738 | 264,619 | |
Brookdale Senior Living, Inc. (a)(d) | 84,038 | 1,566,468 | |
Capital Senior Living Corp. (a) | 26,619 | 228,125 | |
Cardinal Health, Inc. | 261,307 | 10,857,306 | |
CardioNet, Inc. (a) | 34,161 | 108,974 | |
Catalyst Health Solutions, Inc. (a) | 31,805 | 1,972,546 | |
Centene Corp. (a)(d) | 35,301 | 1,722,689 | |
Chemed Corp. | 14,268 | 882,048 | |
Chindex International, Inc. (a)(d) | 9,187 | 85,715 | |
CIGNA Corp. | 215,000 | 9,483,650 | |
Community Health Systems, Inc. (a) | 81,813 | 2,064,960 | |
Conmed Healthcare Management, Inc. (a) | 5,109 | 18,801 | |
Corvel Corp. (a) | 8,848 | 401,168 | |
Coventry Health Care, Inc. (a)(d) | 155,796 | 5,092,971 | |
Cross Country Healthcare, Inc. (a) | 29,137 | 164,915 | |
DaVita, Inc. (a) | 70,363 | 6,089,918 | |
Emeritus Corp. (a)(d) | 17,838 | 329,289 | |
ExamWorks Group, Inc. (a)(d) | 17,147 | 176,957 | |
Express Scripts, Inc. (a)(d) | 368,167 | 19,634,346 | |
Five Star Quality Care, Inc. (a) | 32,241 | 114,133 | |
Gentiva Health Services, Inc. (a)(d) | 24,132 | 189,436 | |
Hanger Orthopedic Group, Inc. (a)(d) | 27,160 | 561,940 | |
HCA Holdings, Inc. | 120,808 | 3,221,949 | |
Health Management Associates, Inc. Class A (a) | 180,959 | 1,335,477 | |
Health Net, Inc. (a) | 67,297 | 2,539,789 | |
HealthSouth Corp. (a)(d) | 69,496 | 1,414,939 | |
Healthways, Inc. (a) | 33,821 | 268,877 | |
Henry Schein, Inc. (a)(d) | 71,206 | 5,270,668 | |
HMS Holdings Corp. (a)(d) | 61,425 | 1,979,114 | |
Hooper Holmes, Inc. (a) | 6,267 | 4,378 | |
Humana, Inc. | 138,379 | 12,052,811 | |
IPC The Hospitalist Co., Inc. (a) | 20,567 | 748,022 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 384,548 | |
Laboratory Corp. of America Holdings (a)(d) | 83,669 | 7,521,006 | |
Landauer, Inc. | 14,935 | 801,113 | |
LCA-Vision, Inc. (a) | 10,358 | 89,286 | |
LHC Group, Inc. (a) | 12,810 | 218,026 | |
| |||
Shares | Value | ||
LifePoint Hospitals, Inc. (a)(d) | 38,142 | $ 1,486,394 | |
Lincare Holdings, Inc. (d) | 67,736 | 1,819,389 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,190,290 | |
McKesson Corp. | 205,993 | 17,202,475 | |
Medcath Corp. (a) | 2,958 | 22,954 | |
Medco Health Solutions, Inc. (a) | 314,026 | 21,225,017 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,277,475 | |
Metropolitan Health Networks, Inc. (a) | 12,700 | 106,172 | |
MModal, Inc. (a) | 39,028 | 401,598 | |
Molina Healthcare, Inc. (a)(d) | 19,589 | 665,242 | |
MWI Veterinary Supply, Inc. (a)(d) | 13,354 | 1,156,056 | |
National Healthcare Corp. | 6,159 | 276,046 | |
NeoStem, Inc. (a) | 41,470 | 23,638 | |
Omnicare, Inc. | 82,306 | 2,895,525 | |
Owens & Minor, Inc. | 43,454 | 1,301,882 | |
Patterson Companies, Inc. | 71,822 | 2,292,558 | |
PDI, Inc. (a) | 1,365 | 9,446 | |
PharMerica Corp. (a) | 29,176 | 357,698 | |
Providence Service Corp. (a) | 13,245 | 199,337 | |
PSS World Medical, Inc. (a)(d) | 39,096 | 947,296 | |
Quest Diagnostics, Inc. | 140,542 | 8,158,463 | |
RadNet, Inc. (a) | 27,076 | 80,957 | |
Select Medical Holdings Corp. (a) | 37,877 | 318,924 | |
Sharps Compliance Corp. (a) | 5,184 | 20,269 | |
Skilled Healthcare Group, Inc. (a) | 27,157 | 177,335 | |
SRI/Surgical Express, Inc. (a) | 774 | 2,941 | |
Sun Healthcare Group, Inc. (a) | 15,191 | 67,752 | |
Sunrise Senior Living, Inc. (a)(d) | 31,316 | 242,386 | |
Team Health Holdings, Inc. (a) | 29,804 | 646,449 | |
Tenet Healthcare Corp. (a) | 398,929 | 2,253,949 | |
The Ensign Group, Inc. | 5,658 | 155,086 | |
Triple-S Management Corp. (a)(d) | 20,220 | 478,607 | |
U.S. Physical Therapy, Inc. | 11,240 | 213,672 | |
UnitedHealth Group, Inc. | 855,641 | 47,701,986 | |
Universal American Spin Corp. (a) | 33,569 | 380,672 | |
Universal Health Services, Inc. Class B | 64,910 | 2,895,635 | |
Vanguard Health Systems, Inc. (a) | 30,455 | 303,332 | |
VCA Antech, Inc. (a)(d) | 61,414 | 1,350,494 | |
Wellcare Health Plans, Inc. (a)(d) | 37,775 | 2,563,412 | |
WellPoint, Inc. | 286,095 | 18,776,415 | |
| 272,375,370 | ||
Health Care Technology - 0.1% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 134,782 | 2,603,988 | |
athenahealth, Inc. (a)(d) | 25,730 | 1,818,339 | |
Authentidate Holding Corp. (a) | 1,633 | 1,061 | |
Cerner Corp. (a)(d) | 107,829 | 7,961,015 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,334,647 | |
Epocrates, Inc. (a) | 10,933 | 101,677 | |
Greenway Medical Technologies | 5,301 | 78,455 | |
HealthStream, Inc. (a)(d) | 13,800 | 281,934 | |
MedAssets, Inc. (a) | 31,551 | 450,548 | |
Medidata Solutions, Inc. (a)(d) | 25,864 | 515,728 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Technology - continued | |||
Merge Healthcare, Inc. (a) | 32,622 | $ 213,022 | |
Omnicell, Inc. (a)(d) | 25,141 | 375,104 | |
Quality Systems, Inc. | 27,774 | 1,190,671 | |
Transcend Services, Inc. (a)(d) | 6,174 | 132,741 | |
| 17,058,930 | ||
Life Sciences Tools & Services - 0.6% | |||
Affymetrix, Inc. (a)(d) | 55,779 | 232,598 | |
Agilent Technologies, Inc. | 263,842 | 11,508,788 | |
Albany Molecular Research, Inc. (a) | 23,897 | 65,478 | |
Apricus Biosciences, Inc. (a) | 18,211 | 62,282 | |
Bio-Rad Laboratories, Inc. Class A (a) | 16,766 | 1,708,791 | |
Biodelivery Sciences International, Inc. (a) | 3,338 | 7,544 | |
Bruker BioSciences Corp. (a) | 65,927 | 1,056,810 | |
Cambrex Corp. (a) | 18,522 | 123,357 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,496,889 | |
Complete Genomics, Inc. (a)(d) | 7,109 | 26,445 | |
Covance, Inc. (a)(d) | 43,017 | 2,053,201 | |
Enzo Biochem, Inc. (a) | 14,697 | 37,918 | |
eResearchTechnology, Inc. (a) | 54,275 | 346,275 | |
Fluidigm Corp. (a) | 3,871 | 55,820 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 166,166 | |
Harvard Bioscience, Inc. (a) | 675 | 2,801 | |
Illumina, Inc. (a)(d) | 116,750 | 5,983,438 | |
Life Technologies Corp. (a)(d) | 150,316 | 7,111,450 | |
Luminex Corp. (a)(d) | 39,871 | 895,901 | |
Medtox Scientific, Inc. (a) | 654 | 10,137 | |
Mettler-Toledo International, Inc. (a)(d) | 24,159 | 4,355,385 | |
Pacific Biosciences of California, Inc. (a)(d) | 28,978 | 120,838 | |
PAREXEL International Corp. (a) | 52,568 | 1,286,865 | |
PerkinElmer, Inc. | 78,650 | 2,123,550 | |
pSivida Corp. (a) | 25,265 | 54,067 | |
Sequenom, Inc. (a)(d) | 88,233 | 381,167 | |
SeraCare Life Sciences, Inc. (a) | 4,298 | 17,063 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 5,410 | |
Techne Corp. | 26,162 | 1,872,938 | |
Thermo Fisher Scientific, Inc. | 303,487 | 17,183,434 | |
Waters Corp. (a) | 67,094 | 6,011,622 | |
| 66,364,428 | ||
Pharmaceuticals - 4.8% | |||
Abbott Laboratories | 1,235,457 | 69,939,221 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 9,347 | |
Akorn, Inc. (a)(d) | 43,869 | 549,679 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 85,991 | 53,744 | |
Alimera Sciences, Inc. (a) | 3,741 | 14,066 | |
Allergan, Inc. | 247,302 | 22,155,786 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 6,057 | 23,380 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 746,612 | |
| |||
Shares | Value | ||
AVANIR Pharmaceuticals Class A (a) | 65,547 | $ 180,910 | |
Biodel, Inc. (a) | 32,439 | 20,599 | |
Bristol-Myers Squibb Co. | 1,387,197 | 44,626,127 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 164,366 | |
Cempra, Inc. | 5,499 | 41,243 | |
ChemoCentryx, Inc. | 1,737 | 17,787 | |
Columbia Laboratories, Inc. (a) | 42,578 | 28,101 | |
Corcept Therapeutics, Inc. (a) | 36,105 | 141,893 | |
Cornerstone Therapeutics, Inc. (a) | 7,737 | 44,410 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 56,763 | |
DepoMed, Inc. (a)(d) | 31,971 | 201,098 | |
Durect Corp. (a) | 93,293 | 69,037 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 37,172 | |
Eli Lilly & Co. | 764,434 | 29,996,390 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 100,446 | 3,723,533 | |
Endocyte, Inc. | 47,373 | 168,174 | |
Forest Laboratories, Inc. (a) | 229,448 | 7,461,649 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 12,868 | 513,691 | |
Hospira, Inc. (a)(d) | 164,444 | 5,857,495 | |
Impax Laboratories, Inc. (a)(d) | 46,165 | 1,077,953 | |
Ista Pharmaceuticals, Inc. (a)(d) | 34,715 | 287,440 | |
Jazz Pharmaceuticals PLC (a) | 17,296 | 907,521 | |
Johnson & Johnson | 2,195,262 | 142,867,651 | |
KV Pharmaceutical Co. Class A (a)(d) | 106,840 | 148,508 | |
Lannett Co., Inc. (a) | 27,670 | 114,277 | |
MAP Pharmaceuticals, Inc. (a) | 12,387 | 198,811 | |
Medicis Pharmaceutical Corp. Class A (d) | 44,858 | 1,567,339 | |
Merck & Co., Inc. | 2,453,258 | 93,640,858 | |
Mylan, Inc. (a) | 369,805 | 8,668,229 | |
Nektar Therapeutics (a)(d) | 110,915 | 795,261 | |
NuPathe, Inc. (a) | 18,258 | 54,957 | |
Obagi Medical Products, Inc. (a) | 21,864 | 248,156 | |
Omeros Corp. (a) | 4,428 | 30,110 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 23,463 | 300,092 | |
Pacira Pharmaceuticals, Inc. | 9,810 | 104,967 | |
Pain Therapeutics, Inc. (a)(d) | 34,536 | 126,747 | |
Par Pharmaceutical Companies, Inc. (a) | 24,023 | 891,494 | |
Pernix Therapeutics Holdings, Inc. (a) | 5,833 | 50,280 | |
Perrigo Co. | 63,753 | 6,570,384 | |
Pfizer, Inc. | 6,153,479 | 129,838,407 | |
Pozen, Inc. (a) | 23,223 | 101,252 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 48,551 | 1,888,634 | |
Repros Therapeutics, Inc. (a) | 12,895 | 54,159 | |
Sagent Pharmaceuticals, Inc. | 10,801 | 234,274 | |
Salix Pharmaceuticals Ltd. (a)(d) | 38,646 | 1,906,021 | |
Santarus, Inc. (a) | 23,487 | 106,161 | |
Somaxon Pharmaceuticals, Inc. (a) | 52,262 | 31,880 | |
Synthetic Biologics, Inc. (a) | 9,114 | 20,051 | |
The Medicines Company (a) | 52,840 | 1,132,361 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 20,825 | |
Ventrus Biosciences, Inc. (a) | 5,603 | 59,840 | |
ViroPharma, Inc. (a)(d) | 55,566 | 1,781,446 | |
Vivus, Inc. (a)(d) | 63,327 | 1,424,858 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Warner Chilcott PLC (a) | 129,721 | $ 2,170,232 | |
Watson Pharmaceuticals, Inc. (a) | 97,907 | 5,709,936 | |
XenoPort, Inc. (a) | 33,327 | 133,308 | |
Zogenix, Inc. (a) | 31,169 | 71,065 | |
| 592,178,018 | ||
TOTAL HEALTH CARE | 1,386,083,527 | ||
INDUSTRIALS - 11.0% | |||
Aerospace & Defense - 2.2% | |||
AAR Corp. (d) | 29,755 | 656,098 | |
AeroVironment, Inc. (a)(d) | 13,243 | 377,161 | |
Alliant Techsystems, Inc. | 23,292 | 1,397,520 | |
American Science & Engineering, Inc. | 13,204 | 959,931 | |
API Technologies Corp. (a) | 22,349 | 84,703 | |
Ascent Solar Technologies, Inc. (a) | 33,082 | 25,142 | |
Astronics Corp. (a) | 4,574 | 152,909 | |
BE Aerospace, Inc. (a) | 69,691 | 3,194,635 | |
Ceradyne, Inc. | 17,193 | 531,436 | |
Cubic Corp. | 13,440 | 642,432 | |
Curtiss-Wright Corp. (d) | 35,352 | 1,313,327 | |
DigitalGlobe, Inc. (a) | 20,614 | 317,043 | |
Ducommun, Inc. | 15,643 | 238,869 | |
EDAC Technologies Corp. (a) | 2,262 | 23,525 | |
Esterline Technologies Corp. (a)(d) | 21,459 | 1,393,762 | |
Exelis, Inc. | 137,844 | 1,448,740 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 536,682 | |
General Dynamics Corp. | 231,403 | 16,945,642 | |
GeoEye, Inc. (a)(d) | 17,908 | 362,995 | |
Goodrich Corp. | 101,105 | 12,736,197 | |
HEICO Corp. Class A (d) | 25,642 | 1,022,603 | |
Hexcel Corp. (a)(d) | 68,067 | 1,720,053 | |
Honeywell International, Inc. | 580,063 | 34,554,353 | |
Huntington Ingalls Industries, Inc. (a) | 32,670 | 1,172,200 | |
Innovative Solutions & Support, Inc. (a) | 20,271 | 86,557 | |
KEYW Holding Corp. (a)(d) | 13,887 | 98,598 | |
Kratos Defense & Security Solutions, Inc. (a) | 25,078 | 159,747 | |
L-3 Communications Holdings, Inc. | 80,666 | 5,666,787 | |
LMI Aerospace, Inc. (a) | 6,877 | 139,947 | |
Lockheed Martin Corp. | 217,998 | 19,273,203 | |
Moog, Inc. Class A (a)(d) | 29,482 | 1,294,555 | |
National Presto Industries, Inc. | 4,216 | 365,063 | |
Northrop Grumman Corp. | 200,685 | 12,002,970 | |
Orbital Sciences Corp. (a)(d) | 39,974 | 561,635 | |
Precision Castparts Corp. | 117,640 | 19,696,465 | |
Raytheon Co. | 298,668 | 15,088,707 | |
Rockwell Collins, Inc. | 116,948 | 6,933,847 | |
Sparton Corp. (a) | 2,579 | 24,294 | |
| |||
Shares | Value | ||
Spirit AeroSystems Holdings, Inc. Class A (a)(d) | 83,434 | $ 1,999,079 | |
Sypris Solutions, Inc. (a) | 2,772 | 10,450 | |
Taser International, Inc. (a)(d) | 58,908 | 237,399 | |
Teledyne Technologies, Inc. (a)(d) | 25,240 | 1,504,304 | |
Textron, Inc. | 249,615 | 6,866,909 | |
The Boeing Co. | 535,144 | 40,109,043 | |
TransDigm Group, Inc. (a) | 39,452 | 4,686,503 | |
Triumph Group, Inc. | 32,470 | 2,071,586 | |
United Technologies Corp. | 634,327 | 53,201,005 | |
| 273,886,611 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 62,170 | 337,583 | |
Atlas Air Worldwide Holdings, Inc. (a)(d) | 43,607 | 1,858,530 | |
C.H. Robinson Worldwide, Inc. | 126,390 | 8,363,226 | |
Expeditors International of Washington, Inc. | 169,939 | 7,414,439 | |
FedEx Corp. | 235,769 | 21,216,852 | |
Forward Air Corp. | 23,667 | 796,868 | |
Hub Group, Inc. Class A (a)(d) | 25,258 | 899,943 | |
Pacer International, Inc. (a)(d) | 29,688 | 163,878 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 66,281 | |
Radiant Logistics, Inc. (a) | 14,104 | 32,439 | |
United Parcel Service, Inc. Class B | 549,869 | 42,279,427 | |
UTI Worldwide, Inc. | 71,523 | 1,154,381 | |
XPO Logistics, Inc. (a) | 5,264 | 88,277 | |
| 84,672,124 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 25,753 | 1,765,883 | |
Allegiant Travel Co. (a)(d) | 21,060 | 1,052,579 | |
Delta Air Lines, Inc. (a) | 696,399 | 6,831,674 | |
Hawaiian Holdings, Inc. (a) | 37,702 | 200,198 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 856,973 | |
Pinnacle Airlines Corp. (a) | 11,387 | 13,323 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 434,857 | |
SkyWest, Inc. (d) | 37,944 | 433,320 | |
Southwest Airlines Co. | 603,928 | 5,423,273 | |
Spirit Airlines, Inc. (a) | 15,904 | 310,605 | |
United Continental Holdings, Inc. (a)(d) | 250,567 | 5,174,209 | |
US Airways Group, Inc. (a) | 117,312 | 869,282 | |
| 23,366,176 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. | 33,683 | 1,521,124 | |
AAON, Inc. | 30,814 | 571,600 | |
Ameresco, Inc. Class A (a) | 38,199 | 538,224 | |
American Woodmark Corp. | 6,981 | 99,200 | |
Apogee Enterprises, Inc. | 33,247 | 441,188 | |
Armstrong World Industries, Inc. (a)(d) | 15,342 | 785,817 | |
Builders FirstSource, Inc. (a) | 22,494 | 68,157 | |
Fortune Brands Home & Security, Inc. (a) | 128,056 | 2,476,603 | |
Gibraltar Industries, Inc. (a) | 39,553 | 546,622 | |
Griffon Corp. | 38,833 | 415,125 | |
Insteel Industries, Inc. | 16,775 | 210,694 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Lennox International, Inc. (d) | 34,295 | $ 1,341,963 | |
Masco Corp. (d) | 257,162 | 3,055,085 | |
NCI Building Systems, Inc. (a)(d) | 16,002 | 193,624 | |
Owens Corning (a) | 116,435 | 3,685,168 | |
Quanex Building Products Corp. | 24,300 | 413,343 | |
Simpson Manufacturing Co. Ltd. (d) | 27,187 | 810,716 | |
Trex Co., Inc. (a)(d) | 11,686 | 314,704 | |
Universal Forest Products, Inc. (d) | 19,011 | 611,014 | |
USG Corp. (a)(d) | 46,968 | 669,294 | |
| 18,769,265 | ||
Commercial Services & Supplies - 0.6% | |||
A.T. Cross Co. Class A (a) | 3,205 | 31,890 | |
ABM Industries, Inc. (d) | 32,787 | 744,265 | |
ACCO Brands Corp. (a)(d) | 34,948 | 412,386 | |
Acorn Energy, Inc. | 7,981 | 65,843 | |
American Reprographics Co. (a)(d) | 46,203 | 243,952 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 50,802 | |
Asta Funding, Inc. | 4,468 | 35,208 | |
Avery Dennison Corp. | 88,769 | 2,707,455 | |
Casella Waste Systems, Inc. Class A (a)(d) | 50,882 | 333,277 | |
Cenveo, Inc. (a)(d) | 56,923 | 222,000 | |
Cintas Corp. | 89,845 | 3,464,423 | |
Clean Harbors, Inc. (a) | 33,813 | 2,270,881 | |
Consolidated Graphics, Inc. (a) | 12,018 | 561,120 | |
Copart, Inc. (a) | 58,019 | 2,888,186 | |
Corrections Corp. of America (a)(d) | 88,360 | 2,214,302 | |
Courier Corp. | 15,678 | 169,009 | |
Covanta Holding Corp. | 92,025 | 1,502,768 | |
Deluxe Corp. (d) | 54,408 | 1,342,245 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 360,045 | |
EnergySolutions, Inc. (a)(d) | 104,471 | 439,823 | |
EnerNOC, Inc. (a) | 15,233 | 119,884 | |
Ennis, Inc. | 21,290 | 356,820 | |
Fuel Tech, Inc. (a) | 21,725 | 134,478 | |
G&K Services, Inc. Class A | 10,202 | 340,033 | |
Healthcare Services Group, Inc. | 45,556 | 887,431 | |
Heritage-Crystal Clean, Inc. (a) | 2,763 | 61,090 | |
Herman Miller, Inc. | 40,346 | 847,266 | |
HNI Corp. | 36,970 | 934,602 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 325,265 | |
Interface, Inc. Class A | 44,100 | 540,225 | |
Intersections, Inc. | 7,586 | 88,529 | |
Iron Mountain, Inc. (d) | 166,503 | 5,169,918 | |
KAR Auction Services, Inc. (a) | 32,774 | 526,678 | |
Kimball International, Inc. Class B | 16,142 | 99,435 | |
Knoll, Inc. | 32,235 | 497,064 | |
McGrath RentCorp. | 17,562 | 557,594 | |
Metalico, Inc. (a)(d) | 41,543 | 208,546 | |
Mine Safety Appliances Co. | 26,951 | 993,414 | |
Mobile Mini, Inc. (a)(d) | 24,084 | 520,214 | |
| |||
Shares | Value | ||
Multi-Color Corp. | 7,946 | $ 173,779 | |
NL Industries, Inc. | 5,468 | 80,926 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 57,931 | |
Pitney Bowes, Inc. (d) | 142,010 | 2,574,641 | |
Portfolio Recovery Associates, Inc. (a)(d) | 11,960 | 833,971 | |
Quad/Graphics, Inc. | 18,905 | 283,008 | |
R.R. Donnelley & Sons Co. (d) | 148,125 | 2,047,088 | |
Republic Services, Inc. | 262,346 | 7,825,781 | |
Rollins, Inc. (d) | 56,964 | 1,154,091 | |
Schawk, Inc. Class A | 4,209 | 46,594 | |
Standard Parking Corp. (a)(d) | 5,698 | 102,849 | |
Standard Register Co. (d) | 6,365 | 9,993 | |
Steelcase, Inc. Class A (d) | 74,937 | 657,947 | |
Stericycle, Inc. (a)(d) | 61,330 | 5,321,604 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 59,712 | 176,151 | |
Sykes Enterprises, Inc. (a) | 30,728 | 423,432 | |
Team, Inc. (a) | 18,138 | 555,023 | |
Tetra Tech, Inc. (a)(d) | 44,643 | 1,096,432 | |
The Brink's Co. (d) | 40,696 | 1,027,574 | |
The Geo Group, Inc. (a)(d) | 57,559 | 1,013,614 | |
TMS International Corp. | 14,898 | 177,286 | |
TRC Companies, Inc. (a)(d) | 4,541 | 23,477 | |
Unifirst Corp. Massachusetts | 12,480 | 749,798 | |
United Stationers, Inc. | 31,409 | 912,117 | |
US Ecology, Inc. | 25,366 | 478,656 | |
Viad Corp. | 19,833 | 385,950 | |
Virco Manufacturing Co. | 2,682 | 5,498 | |
Waste Connections, Inc. | 87,111 | 2,832,850 | |
Waste Management, Inc. (d) | 318,741 | 11,149,560 | |
| 75,445,987 | ||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 90,995 | 2,124,733 | |
Aegion Corp. (a)(d) | 27,214 | 479,239 | |
Argan, Inc. | 3,060 | 45,869 | |
Comfort Systems USA, Inc. | 43,738 | 500,363 | |
Dycom Industries, Inc. (a) | 25,959 | 552,408 | |
EMCOR Group, Inc. | 48,972 | 1,361,422 | |
Fluor Corp. | 136,998 | 8,285,639 | |
Foster Wheeler AG (a) | 88,503 | 2,179,829 | |
Furmanite Corp. (a) | 17,662 | 128,933 | |
Granite Construction, Inc. (d) | 31,641 | 904,933 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 277,020 | |
Integrated Electrical Services, Inc. (a)(d) | 12,011 | 30,508 | |
Jacobs Engineering Group, Inc. (a)(d) | 100,035 | 4,623,618 | |
KBR, Inc. | 110,721 | 4,021,387 | |
Layne Christensen Co. (a) | 15,356 | 371,462 | |
MasTec, Inc. (a) | 48,062 | 845,411 | |
Michael Baker Corp. (a) | 6,265 | 151,174 | |
MYR Group, Inc. (a) | 25,270 | 506,158 | |
Northwest Pipe Co. (a)(d) | 12,188 | 298,362 | |
Orion Marine Group, Inc. (a) | 15,813 | 115,435 | |
Pike Electric Corp. (a) | 14,023 | 125,225 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Primoris Services Corp. | 17,623 | $ 271,042 | |
Quanta Services, Inc. (a) | 153,212 | 3,202,131 | |
Shaw Group, Inc. (a) | 55,953 | 1,619,280 | |
Sterling Construction Co., Inc. (a)(d) | 25,870 | 268,272 | |
Tutor Perini Corp. (a) | 24,002 | 378,752 | |
UniTek Global Services, Inc. (a) | 10,175 | 42,023 | |
URS Corp. (d) | 61,309 | 2,676,138 | |
| 36,386,766 | ||
Electrical Equipment - 0.7% | |||
A123 Systems, Inc. (a)(d) | 96,963 | 174,533 | |
Active Power, Inc. (a) | 52,517 | 36,757 | |
Acuity Brands, Inc. (d) | 30,960 | 1,925,402 | |
Allied Motion Technologies, Inc. | 4,209 | 30,094 | |
Altair Nanotechnologies, Inc. (a)(d) | 63,623 | 43,900 | |
American Superconductor Corp. (a)(d) | 110,872 | 496,707 | |
AMETEK, Inc. | 141,837 | 6,751,441 | |
AZZ, Inc. | 12,314 | 618,163 | |
Babcock & Wilcox Co. (a) | 97,803 | 2,517,449 | |
Belden, Inc. | 33,652 | 1,328,244 | |
Brady Corp. Class A | 41,502 | 1,325,989 | |
Broadwind Energy, Inc. (a) | 72,530 | 45,687 | |
Capstone Turbine Corp. (a)(d) | 582,341 | 646,399 | |
Coleman Cable, Inc. (a)(d) | 5,164 | 58,715 | |
Cooper Industries PLC Class A | 121,848 | 7,459,535 | |
Emerson Electric Co. | 594,548 | 29,911,710 | |
Encore Wire Corp. | 23,059 | 671,709 | |
EnerSys (a)(d) | 36,086 | 1,211,768 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 49,247 | |
Franklin Electric Co., Inc. (d) | 17,393 | 869,824 | |
FuelCell Energy, Inc. (a)(d) | 246,058 | 366,626 | |
Generac Holdings, Inc. (a) | 30,944 | 787,215 | |
General Cable Corp. (a)(d) | 39,737 | 1,230,655 | |
Global Power Equipment Group, Inc. (a) | 10,454 | 253,510 | |
GrafTech International Ltd. (a) | 132,891 | 1,689,045 | |
Hubbell, Inc. Class B | 39,086 | 2,940,049 | |
II-VI, Inc. (a)(d) | 36,783 | 860,354 | |
LSI Industries, Inc. | 16,481 | 113,884 | |
MagneTek, Inc. (a) | 2,664 | 36,603 | |
Nexxus Lighting, Inc. (a) | 1,806 | 2,005 | |
Ocean Power Technologies, Inc. (a)(d) | 5,875 | 19,681 | |
Plug Power, Inc. (a)(d) | 38,179 | 84,757 | |
Polypore International, Inc. (a)(d) | 32,865 | 1,351,409 | |
Powell Industries, Inc. (a)(d) | 7,721 | 253,172 | |
PowerSecure International, Inc. (a)(d) | 20,869 | 125,005 | |
Preformed Line Products Co. | 1,689 | 111,592 | |
Regal-Beloit Corp. (d) | 26,752 | 1,805,760 | |
Rockwell Automation, Inc. | 117,791 | 9,420,924 | |
Roper Industries, Inc. (d) | 74,094 | 6,781,083 | |
Satcon Technology Corp. (a)(d) | 75,540 | 37,770 | |
SL Industries, Inc. (a) | 2,156 | 37,191 | |
Thermon Group Holdings, Inc. | 10,097 | 203,354 | |
| |||
Shares | Value | ||
Thomas & Betts Corp. (a) | 37,135 | $ 2,682,261 | |
Ultralife Corp. (a) | 13,410 | 66,111 | |
Valence Technology, Inc. (a)(d) | 105,179 | 97,816 | |
Vicor Corp. | 10,982 | 89,174 | |
| 87,620,279 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 518,960 | 45,460,896 | |
Carlisle Companies, Inc. (d) | 43,210 | 2,108,648 | |
Danaher Corp. | 462,943 | 24,457,279 | |
General Electric Co. | 8,440,000 | 160,782,000 | |
Raven Industries, Inc. (d) | 15,000 | 945,750 | |
Seaboard Corp. (a)(d) | 249 | 476,367 | |
Standex International Corp. | 10,804 | 412,821 | |
Tyco International Ltd. | 358,852 | 18,595,711 | |
| 253,239,472 | ||
Machinery - 2.5% | |||
Accuride Corp. (a) | 79,004 | 628,082 | |
Actuant Corp. Class A (d) | 48,056 | 1,353,738 | |
Adept Technology, Inc. (a) | 584 | 2,365 | |
AGCO Corp. (a)(d) | 70,548 | 3,642,393 | |
Alamo Group, Inc. | 14,374 | 386,229 | |
Albany International Corp. Class A | 29,462 | 704,731 | |
Altra Holdings, Inc. (a) | 19,022 | 370,739 | |
American Railcar Industries, Inc. (a) | 11,797 | 348,012 | |
Ampco-Pittsburgh Corp. | 10,414 | 220,881 | |
Astec Industries, Inc. (a)(d) | 12,338 | 468,227 | |
Barnes Group, Inc. | 31,261 | 865,930 | |
Blount International, Inc. (a) | 31,486 | 539,985 | |
Briggs & Stratton Corp. | 42,488 | 719,747 | |
Cascade Corp. | 11,310 | 602,144 | |
Caterpillar, Inc. | 464,889 | 53,094,973 | |
Chart Industries, Inc. (a)(d) | 21,388 | 1,462,725 | |
CIRCOR International, Inc. | 13,068 | 432,681 | |
CLARCOR, Inc. | 35,686 | 1,801,072 | |
Colfax Corp. (a)(d) | 35,245 | 1,199,035 | |
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | 449,084 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 931,885 | |
Crane Co. | 35,717 | 1,734,775 | |
Cummins, Inc. | 142,433 | 17,173,147 | |
Deere & Co. | 321,573 | 26,668,049 | |
Donaldson Co., Inc. | 51,141 | 3,755,284 | |
Douglas Dynamics, Inc. | 12,103 | 157,339 | |
Dover Corp. | 158,638 | 10,156,005 | |
Dynamic Materials Corp. | 12,763 | 284,743 | |
Eastern Co. | 943 | 18,106 | |
Eaton Corp. | 258,323 | 13,481,877 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 175,687 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 840,705 | |
ESCO Technologies, Inc. (d) | 20,247 | 724,640 | |
Federal Signal Corp. (a)(d) | 80,990 | 380,653 | |
Flow International Corp. (a)(d) | 30,791 | 123,164 | |
Flowserve Corp. | 41,509 | 4,921,722 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
FreightCar America, Inc. | 19,411 | $ 536,714 | |
Gardner Denver, Inc. | 36,882 | 2,533,056 | |
Gorman-Rupp Co. (d) | 14,200 | 409,954 | |
Graco, Inc. | 43,224 | 2,212,204 | |
Graham Corp. | 12,124 | 282,853 | |
Greenbrier Companies, Inc. (a)(d) | 15,464 | 390,930 | |
Hardinge, Inc. | 12,474 | 122,619 | |
Harsco Corp. | 57,382 | 1,275,602 | |
Hurco Companies, Inc. (a) | 3,319 | 79,092 | |
IDEX Corp. | 58,989 | 2,465,740 | |
Illinois Tool Works, Inc. | 345,543 | 19,243,290 | |
Ingersoll-Rand PLC | 273,625 | 10,912,165 | |
ITT Corp. | 114,023 | 2,844,874 | |
John Bean Technologies Corp. | 23,559 | 406,864 | |
Joy Global, Inc. | 93,181 | 8,103,020 | |
Kadant, Inc. (a) | 18,429 | 402,489 | |
Kaydon Corp. | 29,963 | 1,127,208 | |
Kennametal, Inc. (d) | 57,964 | 2,670,401 | |
L.B. Foster Co. Class A | 10,636 | 313,230 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,110,356 | |
Lindsay Corp. | 10,287 | 674,724 | |
Lydall, Inc. (a) | 9,770 | 89,005 | |
Manitowoc Co., Inc. | 95,250 | 1,499,235 | |
Meritor, Inc. (a) | 87,590 | 649,042 | |
Met-Pro Corp. | 5,616 | 49,814 | |
Middleby Corp. (a)(d) | 16,713 | 1,633,529 | |
Miller Industries, Inc. | 10,768 | 170,565 | |
Mueller Industries, Inc. | 27,692 | 1,273,832 | |
Mueller Water Products, Inc. Class A | 87,385 | 259,533 | |
NACCO Industries, Inc. Class A | 5,119 | 500,638 | |
Navistar International Corp. (a) | 55,357 | 2,312,815 | |
NN, Inc. (a)(d) | 12,121 | 108,362 | |
Nordson Corp. | 45,409 | 2,496,133 | |
Omega Flex, Inc. (a) | 258 | 4,069 | |
Oshkosh Truck Corp. (a) | 75,655 | 1,763,518 | |
PACCAR, Inc. | 301,814 | 13,886,462 | |
Pall Corp. | 84,786 | 5,379,672 | |
Parker Hannifin Corp. | 124,049 | 11,140,841 | |
Pentair, Inc. (d) | 68,772 | 2,647,722 | |
PMFG, Inc. (a) | 15,367 | 252,172 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 993,529 | |
Robbins & Myers, Inc. | 32,129 | 1,568,216 | |
Sauer-Danfoss, Inc. (a) | 13,027 | 705,282 | |
Snap-On, Inc. | 40,414 | 2,470,508 | |
SPX Corp. | 36,737 | 2,686,944 | |
Stanley Black & Decker, Inc. | 128,823 | 9,893,606 | |
Sun Hydraulics Corp. | 19,343 | 635,611 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 18,712 | 85,888 | |
Tennant Co. | 13,999 | 574,519 | |
Terex Corp. (a) | 80,585 | 2,046,053 | |
| |||
Shares | Value | ||
Timken Co. | 55,895 | $ 2,928,898 | |
Titan International, Inc. | 31,894 | 785,868 | |
Toro Co. (d) | 24,680 | 1,671,823 | |
TriMas Corp. (a)(d) | 21,882 | 530,201 | |
Trinity Industries, Inc. (d) | 57,002 | 1,981,390 | |
Twin Disc, Inc. (d) | 7,177 | 229,377 | |
Valmont Industries, Inc. (d) | 15,781 | 1,752,796 | |
Wabash National Corp. (a)(d) | 74,589 | 787,660 | |
WABCO Holdings, Inc. (a) | 48,843 | 2,905,670 | |
Wabtec Corp. | 49,289 | 3,683,367 | |
Watts Water Technologies, Inc. Class A (d) | 38,674 | 1,529,170 | |
Woodward, Inc. | 51,161 | 2,239,317 | |
Xylem, Inc. | 140,492 | 3,649,982 | |
| 304,390,573 | ||
Marine - 0.0% | |||
Alexander & Baldwin, Inc. | 29,287 | 1,359,210 | |
Baltic Trading Ltd. | 21,117 | 96,716 | |
Eagle Bulk Shipping, Inc. (a)(d) | 76,396 | 122,234 | |
Genco Shipping & Trading Ltd. (a)(d) | 78,839 | 540,047 | |
International Shipholding Corp. | 7,999 | 171,979 | |
Kirby Corp. (a)(d) | 38,314 | 2,629,107 | |
| 4,919,293 | ||
Professional Services - 0.3% | |||
Acacia Research Corp. - Acacia Technologies (a) | 31,494 | 1,244,013 | |
Advisory Board Co. (a)(d) | 15,789 | 1,277,962 | |
Barrett Business Services, Inc. | 3,040 | 51,741 | |
CBIZ, Inc. (a)(d) | 37,390 | 243,035 | |
CDI Corp. | 6,150 | 92,312 | |
Corporate Executive Board Co. | 26,015 | 1,078,062 | |
CoStar Group, Inc. (a)(d) | 17,606 | 1,056,008 | |
CRA International, Inc. (a) | 15,589 | 371,174 | |
CTPartners Executive Search, Inc. (a) | 859 | 5,961 | |
Dolan Co. (a)(d) | 21,177 | 190,169 | |
Dun & Bradstreet Corp. | 36,211 | 2,992,839 | |
Equifax, Inc. | 88,390 | 3,715,916 | |
Exponent, Inc. (a)(d) | 15,525 | 748,616 | |
Franklin Covey Co. (a) | 2,282 | 20,082 | |
FTI Consulting, Inc. (a)(d) | 36,212 | 1,451,015 | |
GP Strategies Corp. (a) | 3,391 | 53,103 | |
Heidrick & Struggles International, Inc. | 22,259 | 452,303 | |
Hill International, Inc. (a) | 13,945 | 74,745 | |
Hudson Highland Group, Inc. (a)(d) | 8,927 | 39,904 | |
Huron Consulting Group, Inc. (a) | 16,504 | 630,123 | |
ICF International, Inc. (a) | 17,107 | 443,585 | |
IHS, Inc. Class A (a)(d) | 41,214 | 3,897,608 | |
Insperity, Inc. | 15,769 | 475,120 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 289,410 | |
Kforce, Inc. (a)(d) | 25,995 | 366,530 | |
Korn/Ferry International (a)(d) | 33,723 | 538,556 | |
Manpower, Inc. | 59,376 | 2,557,324 | |
Mastech Holdings, Inc. (a) | 299 | 1,588 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
MISTRAS Group, Inc. (a) | 12,788 | $ 286,451 | |
Navigant Consulting, Inc. (a)(d) | 41,733 | 563,813 | |
Nielsen Holdings B.V. (a) | 48,341 | 1,425,576 | |
Odyssey Marine Exploration, Inc. (a)(d) | 19,002 | 57,956 | |
On Assignment, Inc. (a) | 26,316 | 365,266 | |
Pendrell Corp. (a) | 126,539 | 306,224 | |
RCM Technologies, Inc. (a) | 1,203 | 6,508 | |
Resources Connection, Inc. | 43,312 | 566,088 | |
Robert Half International, Inc. | 105,423 | 2,997,176 | |
RPX Corp. | 12,247 | 206,362 | |
Spherix, Inc. (a) | 232 | 188 | |
Towers Watson & Co. | 48,457 | 3,098,341 | |
TrueBlue, Inc. (a) | 38,883 | 643,902 | |
Verisk Analytics, Inc. (a) | 106,319 | 4,624,877 | |
VSE Corp. | 1,834 | 44,805 | |
| 39,552,337 | ||
Road & Rail - 0.9% | |||
AMERCO | 6,519 | 678,889 | |
Arkansas Best Corp. (d) | 18,872 | 335,922 | |
Avis Budget Group, Inc. (a)(d) | 78,355 | 1,010,780 | |
Celadon Group, Inc. | 57,193 | 844,169 | |
Con-way, Inc. (d) | 37,353 | 1,103,781 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 31,307 | |
CSX Corp. | 852,220 | 17,905,142 | |
Dollar Thrifty Automotive Group, Inc. (a) | 19,104 | 1,450,185 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 27,283 | 1,621,156 | |
Heartland Express, Inc. (d) | 35,341 | 511,384 | |
Hertz Global Holdings, Inc. (a)(d) | 176,222 | 2,519,975 | |
J.B. Hunt Transport Services, Inc. | 80,895 | 4,142,633 | |
Kansas City Southern (a)(d) | 80,222 | 5,581,847 | |
Knight Transportation, Inc. | 36,896 | 632,028 | |
Landstar System, Inc. (d) | 32,065 | 1,733,434 | |
Marten Transport Ltd. | 20,799 | 434,075 | |
Norfolk Southern Corp. | 270,164 | 18,614,300 | |
Old Dominion Freight Lines, Inc. (a)(d) | 46,240 | 2,011,902 | |
Patriot Transportation Holding, Inc. (a) | 1,312 | 29,520 | |
Providence & Worcester Railroad Co. | 4,631 | 67,520 | |
Quality Distribution, Inc. (a) | 25,189 | 327,709 | |
RailAmerica, Inc. (a) | 21,609 | 445,145 | |
Roadrunner Transportation Systems, Inc. (a) | 7,586 | 135,410 | |
Ryder System, Inc. | 36,836 | 1,960,780 | |
Saia, Inc. (a) | 11,656 | 190,109 | |
Swift Transporation Co. (a) | 51,169 | 599,701 | |
Union Pacific Corp. | 385,211 | 42,469,513 | |
Universal Truckload Services, Inc. | 2,515 | 39,209 | |
USA Truck, Inc. (a) | 1,841 | 15,059 | |
Werner Enterprises, Inc. (d) | 39,422 | 954,801 | |
| |||
Shares | Value | ||
YRC Worldwide, Inc. (a) | 240 | $ 2,194 | |
Zipcar, Inc. (a)(d) | 19,521 | 253,968 | |
| 108,653,547 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 269,475 | |
AeroCentury Corp. (a) | 688 | 6,811 | |
Air Lease Corp. Class A (d) | 53,855 | 1,324,294 | |
Aircastle Ltd. | 32,942 | 448,341 | |
Applied Industrial Technologies, Inc. | 26,028 | 1,045,545 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,047,353 | |
BlueLinx Corp. (a) | 17,176 | 40,192 | |
CAI International, Inc. (a)(d) | 7,670 | 154,551 | |
DXP Enterprises, Inc. (a) | 1,851 | 68,487 | |
Essex Rental Corp. (a)(d) | 16,688 | 61,912 | |
Fastenal Co. (d) | 252,177 | 13,284,684 | |
GATX Corp. | 32,405 | 1,409,293 | |
H&E Equipment Services, Inc. (a)(d) | 17,348 | 299,947 | |
Houston Wire & Cable Co. | 15,647 | 222,187 | |
Interline Brands, Inc. (a)(d) | 20,339 | 418,170 | |
Kaman Corp. | 17,880 | 616,681 | |
Lawson Products, Inc. | 3,745 | 61,081 | |
MSC Industrial Direct Co., Inc. Class A | 35,219 | 2,796,741 | |
RSC Holdings, Inc. (a) | 42,293 | 941,865 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 602,074 | |
TAL International Group, Inc. | 16,704 | 602,012 | |
Textainer Group Holdings Ltd. | 13,061 | 433,886 | |
Titan Machinery, Inc. (a) | 17,235 | 451,385 | |
United Rentals, Inc. (a)(d) | 47,810 | 1,992,721 | |
W.W. Grainger, Inc. | 52,656 | 10,938,231 | |
Watsco, Inc. | 17,655 | 1,260,390 | |
WESCO International, Inc. (a)(d) | 30,088 | 1,892,234 | |
Willis Lease Finance Corp. (a) | 2,006 | 29,027 | |
| 42,719,570 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a) | 18,229 | 268,149 | |
TOTAL INDUSTRIALS | 1,353,890,149 | ||
INFORMATION TECHNOLOGY - 19.2% | |||
Communications Equipment - 2.0% | |||
Acme Packet, Inc. (a)(d) | 46,234 | 1,409,212 | |
ADTRAN, Inc. (d) | 45,765 | 1,613,216 | |
Alliance Fiber Optic Products, Inc. (a) | 8,067 | 74,781 | |
Ambient Corp. (a) | 1,932 | 9,274 | |
Anaren, Inc. (a) | 31,499 | 552,492 | |
Arris Group, Inc. (a) | 84,319 | 960,393 | |
Aruba Networks, Inc. (a)(d) | 71,459 | 1,542,800 | |
Aviat Networks, Inc. (a) | 66,605 | 175,171 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 122,919 | |
Black Box Corp. | 16,753 | 450,991 | |
Blonder Tongue Laboratories, Inc. (a) | 3,352 | 4,425 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Brocade Communications Systems, Inc. (a) | 336,853 | $ 1,947,010 | |
CalAmp Corp. (a) | 8,197 | 35,247 | |
Calix Networks, Inc. (a) | 19,283 | 174,318 | |
Ciena Corp. (a) | 64,815 | 967,040 | |
Cisco Systems, Inc. | 4,278,965 | 85,065,824 | |
Communications Systems, Inc. | 4,311 | 62,768 | |
Comtech Telecommunications Corp. (d) | 22,438 | 724,074 | |
Comverse Technology, Inc. (a) | 148,465 | 953,145 | |
Digi International, Inc. (a)(d) | 21,456 | 241,165 | |
Ditech Networks, Inc. (a) | 7,261 | 6,463 | |
EchoStar Holding Corp. Class A (a) | 36,937 | 1,107,002 | |
EMCORE Corp. (a)(d) | 14,874 | 64,553 | |
Emulex Corp. (a) | 66,808 | 698,812 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a) | 100,558 | 371,059 | |
F5 Networks, Inc. (a) | 59,599 | 7,447,491 | |
Finisar Corp. (a)(d) | 64,308 | 1,304,809 | |
Globecomm Systems, Inc. (a) | 11,676 | 169,185 | |
Harmonic, Inc. (a) | 75,490 | 444,636 | |
Harris Corp. | 108,567 | 4,736,778 | |
Infinera Corp. (a)(d) | 68,698 | 546,836 | |
InterDigital, Inc. (d) | 33,368 | 1,262,979 | |
Ixia (a)(d) | 32,033 | 442,696 | |
JDS Uniphase Corp. (a)(d) | 177,119 | 2,309,632 | |
Juniper Networks, Inc. (a) | 460,375 | 10,478,135 | |
KVH Industries, Inc. (a) | 19,663 | 179,720 | |
Lantronix, Inc. (a) | 71 | 209 | |
Loral Space & Communications Ltd. (a) | 9,406 | 670,083 | |
Meru Networks, Inc. (a)(d) | 20,865 | 98,483 | |
Motorola Mobility Holdings, Inc. (a) | 255,327 | 10,136,482 | |
Motorola Solutions, Inc. | 227,709 | 11,339,908 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,203,442 | |
Network Engines, Inc. (a) | 28,981 | 41,153 | |
Network Equipment Technologies, Inc. (a)(d) | 15,181 | 10,946 | |
NumereX Corp. Class A (a)(d) | 2,670 | 25,979 | |
Oclaro, Inc. (a)(d) | 28,804 | 124,433 | |
Oplink Communications, Inc. (a) | 15,273 | 250,630 | |
Opnext, Inc. (a) | 39,034 | 39,424 | |
Optical Cable Corp. | 564 | 1,974 | |
ORBCOMM, Inc. (a)(d) | 20,031 | 64,700 | |
Parkervision, Inc. (a)(d) | 34,215 | 28,330 | |
PC-Tel, Inc. | 2,259 | 16,604 | |
Performance Technologies, Inc. (a) | 2,977 | 5,984 | |
Plantronics, Inc. | 39,954 | 1,490,284 | |
Polycom, Inc. (a) | 189,613 | 3,915,508 | |
Powerwave Technologies, Inc. (a)(d) | 17,873 | 25,380 | |
Procera Networks, Inc. (a) | 21,122 | 411,034 | |
QUALCOMM, Inc. | 1,339,659 | 83,299,997 | |
Riverbed Technology, Inc. (a)(d) | 114,012 | 3,245,922 | |
| |||
Shares | Value | ||
ShoreTel, Inc. (a)(d) | 4,948 | $ 26,571 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 653,569 | |
Sycamore Networks, Inc. (a) | 13,906 | 256,844 | |
Symmetricom, Inc. (a)(d) | 21,713 | 127,455 | |
Tellabs, Inc. | 247,829 | 981,403 | |
Telular Corp. | 1,806 | 13,581 | |
Tessco Technologies, Inc. | 3,361 | 61,574 | |
Ubiquiti Networks, Inc. (d) | 4,528 | 118,996 | |
UTStarcom Holdings Corp. (a) | 124,511 | 174,315 | |
ViaSat, Inc. (a)(d) | 30,912 | 1,425,971 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 48,030 | |
Zhone Technologies, Inc. (a) | 5,862 | 7,034 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 39,170 | |
| 249,038,453 | ||
Computers & Peripherals - 4.6% | |||
3D Systems Corp. (a)(d) | 26,596 | 595,750 | |
Apple, Inc. (a) | 743,137 | 403,107,204 | |
Astro-Med, Inc. | 4,606 | 37,263 | |
Avid Technology, Inc. (a)(d) | 34,710 | 369,662 | |
Concurrent Computer Corp. (a) | 987 | 3,672 | |
Cray, Inc. (a) | 32,010 | 255,120 | |
Datalink Corp. (a) | 9,248 | 78,700 | |
Dataram Corp. (a) | 3,336 | 2,635 | |
Dell, Inc. (a) | 1,327,547 | 22,966,563 | |
Diebold, Inc. | 54,057 | 2,115,250 | |
Dot Hill Systems Corp. (a)(d) | 82,138 | 114,172 | |
Electronics for Imaging, Inc. (a) | 55,580 | 887,057 | |
EMC Corp. (a)(d) | 1,649,316 | 45,669,560 | |
Fusion-io, Inc. (d) | 9,114 | 248,812 | |
Hauppauge Digital, Inc. (a) | 430 | 555 | |
Hewlett-Packard Co. | 1,598,167 | 40,449,607 | |
Hutchinson Technology, Inc. (a)(d) | 26,208 | 56,871 | |
iGO, Inc. (a) | 68,212 | 47,748 | |
Imation Corp. (a) | 19,750 | 123,438 | |
Immersion Corp. (a) | 33,895 | 219,979 | |
Intermec, Inc. (a)(d) | 37,733 | 282,243 | |
Interphase Corp. (a) | 10,718 | 53,054 | |
Intevac, Inc. (a) | 17,689 | 139,743 | |
Lexmark International, Inc. Class A | 56,069 | 2,067,825 | |
MidgardXXI, Inc. (a) | 10 | 0 | |
NCR Corp. (a) | 113,005 | 2,454,469 | |
NetApp, Inc. (a)(d) | 322,353 | 13,861,179 | |
Novatel Wireless, Inc. (a) | 27,517 | 94,383 | |
OCZ Technology Group, Inc. (a)(d) | 45,585 | 391,575 | |
Overland Storage, Inc. (a) | 596 | 1,377 | |
Presstek, Inc. (a) | 7,291 | 4,448 | |
QLogic Corp. (a)(d) | 79,628 | 1,368,805 | |
Quantum Corp. (a)(d) | 153,724 | 404,294 | |
Rimage Corp. | 6,017 | 65,886 | |
SanDisk Corp. (a) | 191,635 | 9,478,267 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology | 321,490 | 8,442,327 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
Silicon Graphics International Corp. (a)(d) | 32,579 | $ 315,691 | |
STEC, Inc. (a)(d) | 29,627 | 287,086 | |
Stratasys, Inc. (a)(d) | 19,165 | 706,039 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 443,388 | |
Synaptics, Inc. (a) | 22,919 | 842,273 | |
Transact Technologies, Inc. (a) | 3,411 | 22,990 | |
USA Technologies, Inc. (a) | 26,460 | 26,989 | |
Video Display Corp. (a) | 2,957 | 17,298 | |
Western Digital Corp. (a) | 203,569 | 7,990,083 | |
| 567,111,330 | ||
Electronic Equipment & Components - 0.8% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 3,453 | |
Aeroflex Holding Corp. (a) | 11,165 | 122,480 | |
Agilysys, Inc. (a)(d) | 29,298 | 235,849 | |
Amphenol Corp. Class A | 129,122 | 7,225,667 | |
Anixter International, Inc. (a)(d) | 21,905 | 1,523,274 | |
Arrow Electronics, Inc. (a) | 85,228 | 3,421,904 | |
Avnet, Inc. (a) | 111,339 | 3,979,256 | |
AVX Corp. | 35,625 | 471,675 | |
Badger Meter, Inc. | 27,105 | 871,968 | |
Benchmark Electronics, Inc. (a)(d) | 50,023 | 821,378 | |
Brightpoint, Inc. (a) | 109,219 | 961,127 | |
Checkpoint Systems, Inc. (a)(d) | 27,013 | 299,844 | |
Clearfield, Inc. (a) | 2,407 | 13,648 | |
Cognex Corp. | 33,219 | 1,416,458 | |
Coherent, Inc. (a)(d) | 20,405 | 1,132,069 | |
Comverge, Inc. (a) | 37,629 | 51,928 | |
Corning, Inc. | 1,309,123 | 17,070,964 | |
CTS Corp. (d) | 18,339 | 182,473 | |
Daktronics, Inc. (d) | 32,196 | 289,764 | |
DDi Corp. | 2,322 | 25,240 | |
Document Security Systems, Inc. (a)(d) | 5,625 | 25,481 | |
Dolby Laboratories, Inc. Class A (a)(d) | 41,734 | 1,588,813 | |
DTS, Inc. (a)(d) | 18,857 | 529,505 | |
Echelon Corp. (a)(d) | 32,190 | 158,375 | |
Electro Rent Corp. | 7,772 | 140,285 | |
Electro Scientific Industries, Inc. | 21,640 | 299,498 | |
eMagin Corp. (a) | 5,084 | 16,116 | |
Fabrinet (a) | 16,812 | 300,430 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 1,034,218 | |
FEI Co. (a)(d) | 28,037 | 1,248,207 | |
FLIR Systems, Inc. | 126,251 | 3,303,989 | |
Frequency Electronics, Inc. (a) | 430 | 3,479 | |
Giga-Tronics, Inc. (a) | 2,579 | 3,275 | |
GTSI Corp. (a) | 2,043 | 9,643 | |
I. D. Systems Inc. (a) | 6,071 | 37,397 | |
Identive Group, Inc. (a)(d) | 86,261 | 191,499 | |
IEC Electronics Corp. (a) | 86 | 410 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,788,924 | |
Insight Enterprises, Inc. (a) | 31,583 | 660,085 | |
| |||
Shares | Value | ||
IPG Photonics Corp. (a)(d) | 18,873 | $ 993,286 | |
Iteris, Inc. (a) | 1,032 | 1,548 | |
Itron, Inc. (a)(d) | 29,456 | 1,308,436 | |
Jabil Circuit, Inc. | 146,454 | 3,782,907 | |
KEMET Corp. (a) | 26,217 | 236,215 | |
LeCroy Corp. (a) | 12,224 | 111,972 | |
LightPath Technologies, Inc. Class A (a) | 376 | 669 | |
Littelfuse, Inc. | 21,280 | 1,126,350 | |
LoJack Corp. (a) | 24,621 | 90,605 | |
LRAD Corp. (a) | 56,581 | 80,345 | |
Maxwell Technologies, Inc. (a) | 15,285 | 278,034 | |
Measurement Specialties, Inc. (a)(d) | 15,282 | 496,971 | |
Mercury Computer Systems, Inc. (a)(d) | 23,393 | 336,157 | |
Mesa Laboratories, Inc. | 2,184 | 116,822 | |
Methode Electronics, Inc. Class A | 27,713 | 253,574 | |
Micronetics, Inc. (a) | 977 | 8,197 | |
MicroVision, Inc. (a)(d) | 33,139 | 107,039 | |
MOCON, Inc. | 2,209 | 37,995 | |
Molex, Inc. | 125,980 | 3,414,058 | |
MTS Systems Corp. | 16,730 | 821,610 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 269,926 | |
National Instruments Corp. (d) | 77,745 | 2,068,017 | |
NeoPhotonics Corp. | 11,524 | 61,423 | |
NetList, Inc. (a)(d) | 67,152 | 233,689 | |
Newport Corp. (a) | 23,268 | 389,041 | |
OSI Systems, Inc. (a) | 17,430 | 1,028,370 | |
Park Electrochemical Corp. | 16,314 | 464,949 | |
PC Connection, Inc. | 4,375 | 39,113 | |
PC Mall, Inc. (a) | 4,077 | 24,666 | |
Planar Systems, Inc. (a) | 2,277 | 4,668 | |
Plexus Corp. (a)(d) | 33,577 | 1,165,122 | |
Power-One, Inc. (a) | 66,414 | 288,237 | |
Pulse Electronics Corp. | 50,135 | 154,416 | |
RadiSys Corp. (a) | 9,220 | 69,058 | |
RealD, Inc. (a)(d) | 37,860 | 446,748 | |
Research Frontiers, Inc. (a) | 1,719 | 6,017 | |
Richardson Electronics Ltd. | 14,373 | 176,213 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 522,454 | |
Rogers Corp. (a) | 16,870 | 625,708 | |
Sanmina-SCI Corp. (a) | 57,434 | 666,234 | |
ScanSource, Inc. (a)(d) | 19,738 | 730,306 | |
SYNNEX Corp. (a)(d) | 16,578 | 683,511 | |
TE Connectivity Ltd. | 360,324 | 13,169,842 | |
Tech Data Corp. (a)(d) | 34,347 | 1,836,878 | |
Trimble Navigation Ltd. (a)(d) | 112,371 | 5,651,138 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 533,063 | |
Universal Display Corp. (a)(d) | 32,522 | 1,343,484 | |
Viasystems Group, Inc. (a) | 4,710 | 87,229 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,530,256 | |
Vishay Precision Group, Inc. (a) | 9,596 | 140,965 | |
Wayside Technology Group, Inc. | 1,232 | 15,708 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
X-Rite, Inc. (a)(d) | 25,574 | $ 115,850 | |
Zygo Corp. (a) | 9,828 | 188,501 | |
| 100,793,638 | ||
Internet Software & Services - 1.8% | |||
Active Network, Inc. | 16,913 | 270,608 | |
Akamai Technologies, Inc. (a) | 148,200 | 5,335,200 | |
Ancestry.com, Inc. (a)(d) | 20,613 | 469,564 | |
AOL, Inc. (a)(d) | 78,638 | 1,412,338 | |
Autobytel, Inc. (a) | 5,742 | 5,570 | |
Bankrate, Inc. | 33,840 | 806,746 | |
Carbonite, Inc. (d) | 4,801 | 46,522 | |
comScore, Inc. (a) | 21,331 | 469,069 | |
Constant Contact, Inc. (a)(d) | 22,301 | 674,382 | |
Cornerstone OnDemand, Inc. | 13,725 | 284,657 | |
Crexendo, Inc. | 6,585 | 26,999 | |
DealerTrack Holdings, Inc. (a) | 34,664 | 965,392 | |
Demand Media, Inc. (a) | 24,152 | 165,683 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 314,272 | |
Digital River, Inc. (a) | 26,434 | 466,560 | |
EarthLink, Inc. | 80,611 | 602,164 | |
EasyLink Services International Corp. (a) | 13,300 | 62,111 | |
eBay, Inc. (a) | 908,088 | 32,455,065 | |
eGain Communications Corp. (a) | 8,558 | 44,587 | |
Equinix, Inc. (a)(d) | 42,644 | 5,977,836 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 35,027 | |
GlowPoint, Inc. (a) | 18,770 | 55,559 | |
Google, Inc. Class A (a) | 200,534 | 123,980,146 | |
IAC/InterActiveCorp | 59,783 | 2,726,105 | |
InfoSpace, Inc. (a) | 32,776 | 380,529 | |
Internap Network Services Corp. (a)(d) | 34,998 | 261,785 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
iPass, Inc. (a) | 22,438 | 48,466 | |
j2 Global, Inc. | 32,417 | 958,571 | |
Keynote Systems, Inc. | 17,976 | 357,543 | |
KIT Digital, Inc. (a)(d) | 29,076 | 293,958 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 124,385 | |
LinkedIn Corp. (a)(d) | 12,270 | 1,065,895 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 949,467 | |
LivePerson, Inc. (a)(d) | 31,684 | 477,795 | |
Local.com Corp. (a)(d) | 17,671 | 42,057 | |
LogMeIn, Inc. (a) | 22,955 | 846,121 | |
LoopNet, Inc. (a) | 32,780 | 603,152 | |
Marchex, Inc. Class B | 28,685 | 123,059 | |
Monster Worldwide, Inc. (a)(d) | 89,914 | 624,003 | |
Move, Inc. (a) | 35,516 | 311,120 | |
NIC, Inc. (d) | 64,465 | 779,382 | |
Onstream Media Corp. (a) | 29 | 17 | |
OpenTable, Inc. (a)(d) | 15,333 | 743,651 | |
Openwave Systems, Inc. (a)(d) | 76,683 | 185,573 | |
Perficient, Inc. (a) | 14,607 | 176,453 | |
quepasa.com, Inc. (a)(d) | 18,724 | 73,773 | |
| |||
Shares | Value | ||
QuinStreet, Inc. (a) | 17,620 | $ 184,129 | |
Rackspace Hosting, Inc. (a) | 84,736 | 4,426,609 | |
RealNetworks, Inc. | 22,443 | 227,796 | |
Responsys, Inc. | 13,609 | 164,261 | |
Saba Software, Inc. (a) | 20,826 | 244,081 | |
SciQuest, Inc. (a) | 7,578 | 114,049 | |
Selectica, Inc. (a) | 552 | 2,539 | |
SPS Commerce, Inc. (a) | 5,106 | 126,884 | |
Stamps.com, Inc. (a)(d) | 5,476 | 141,555 | |
Support.com, Inc. (a) | 101,132 | 333,736 | |
Synacor, Inc. | 5,439 | 26,542 | |
TechTarget, Inc. (a) | 1,217 | 8,397 | |
TheStreet.com, Inc. | 3,696 | 6,801 | |
Travelzoo, Inc. (a)(d) | 5,383 | 136,728 | |
United Online, Inc. (d) | 71,982 | 364,229 | |
ValueClick, Inc. (a)(d) | 56,521 | 1,175,637 | |
VeriSign, Inc. (d) | 129,741 | 4,793,930 | |
VistaPrint Ltd. (a)(d) | 28,654 | 1,165,645 | |
Vocus, Inc. (a)(d) | 23,379 | 316,318 | |
Web.com, Inc. (a) | 17,847 | 236,294 | |
WebMD Health Corp. (a) | 42,405 | 1,053,764 | |
WebMediaBrands, Inc. (a) | 1,032 | 702 | |
XO Group, Inc. (a)(d) | 22,964 | 207,595 | |
Yahoo!, Inc. (a) | 952,403 | 14,124,136 | |
Zillow, Inc. (a) | 2,697 | 86,088 | |
Zix Corp. (a) | 43,773 | 128,255 | |
| 217,089,990 | ||
IT Services - 3.5% | |||
Accenture PLC Class A | 559,482 | 33,311,558 | |
Acxiom Corp. (a) | 52,919 | 742,983 | |
Alliance Data Systems Corp. (a)(d) | 49,861 | 6,051,131 | |
Automatic Data Processing, Inc. | 397,015 | 21,565,855 | |
Booz Allen Hamilton Holding Corp. Class A | 8,727 | 160,664 | |
Broadridge Financial Solutions, Inc. | 87,381 | 2,126,854 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,210,123 | |
Cardtronics, Inc. (a) | 30,845 | 820,169 | |
Cass Information Systems, Inc. | 1,428 | 54,964 | |
Ciber, Inc. (a) | 53,912 | 236,135 | |
Cognizant Technology Solutions Corp. Class A (a) | 249,816 | 17,724,445 | |
Computer Sciences Corp. (d) | 116,344 | 3,695,085 | |
Computer Task Group, Inc. (a) | 1,648 | 24,242 | |
Convergys Corp. (a)(d) | 80,658 | 1,038,875 | |
CoreLogic, Inc. (a) | 76,798 | 1,181,153 | |
CSG Systems International, Inc. (a)(d) | 26,552 | 425,098 | |
CSP, Inc. | 3,696 | 14,119 | |
DST Systems, Inc. | 26,518 | 1,405,454 | |
Dynamics Research Corp. (a)(d) | 2,443 | 22,280 | |
Echo Global Logistics, Inc. (a)(d) | 7,746 | 144,076 | |
Edgewater Technology, Inc. (a) | 2,875 | 10,753 | |
EPAM Systems, Inc. | 6,277 | 88,568 | |
Euronet Worldwide, Inc. (a)(d) | 36,875 | 711,319 | |
ExlService Holdings, Inc. (a) | 13,702 | 381,190 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Fidelity National Information Services, Inc. | 242,609 | $ 7,697,984 | |
Fiserv, Inc. (a) | 126,468 | 8,384,828 | |
FleetCor Technologies, Inc. (a) | 22,298 | 825,695 | |
Forrester Research, Inc. | 10,441 | 336,513 | |
Gartner, Inc. Class A (a) | 61,997 | 2,495,999 | |
Genpact Ltd. (a) | 69,465 | 1,112,829 | |
Global Cash Access Holdings, Inc. (a)(d) | 58,402 | 324,715 | |
Global Payments, Inc. | 61,860 | 3,193,213 | |
Hackett Group, Inc. (a) | 5,515 | 26,582 | |
Heartland Payment Systems, Inc. | 30,852 | 873,729 | |
Higher One Holdings, Inc. (a)(d) | 21,234 | 312,140 | |
IBM Corp. | 946,365 | 186,178,386 | |
iGate Corp. (a)(d) | 19,383 | 337,846 | |
Innodata Isogen, Inc. (a) | 9,444 | 54,114 | |
Jack Henry & Associates, Inc. (d) | 64,694 | 2,182,776 | |
Lender Processing Services, Inc. | 62,754 | 1,383,098 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 89,834 | |
ManTech International Corp. Class A | 23,021 | 772,124 | |
MasterCard, Inc. Class A | 81,964 | 34,424,880 | |
Mattersight Corp. (a) | 4,307 | 24,722 | |
Maximus, Inc. | 30,123 | 1,256,430 | |
ModusLink Global Solutions, Inc. | 31,030 | 172,527 | |
MoneyGram International, Inc. (a) | 47,720 | 855,142 | |
NCI, Inc. Class A (a)(d) | 12,261 | 88,279 | |
NeuStar, Inc. Class A (a)(d) | 51,899 | 1,819,060 | |
Online Resources Corp. (a) | 26,280 | 78,840 | |
Paychex, Inc. (d) | 246,065 | 7,701,835 | |
PFSweb, Inc. (a) | 1,815 | 5,082 | |
PRG-Schultz International, Inc. (a) | 5,640 | 31,471 | |
SAIC, Inc. (a)(d) | 273,792 | 3,345,738 | |
Sapient Corp. (d) | 97,843 | 1,222,059 | |
ServiceSource International, Inc. | 26,438 | 444,158 | |
StarTek, Inc. (a) | 1,950 | 3,959 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Stream Global Services, Inc. (a) | 29,228 | 89,730 | |
Syntel, Inc. | 16,557 | 847,718 | |
Teletech Holdings, Inc. (a) | 19,293 | 294,604 | |
Teradata Corp. (a) | 126,713 | 8,432,750 | |
The Management Network Group, Inc. (a) | 206 | 515 | |
The Western Union Co. | 477,567 | 8,343,095 | |
TNS, Inc. (a) | 26,351 | 483,014 | |
Total System Services, Inc. | 136,562 | 2,987,977 | |
TSR, Inc. (a) | 43 | 189 | |
Unisys Corp. (a) | 35,389 | 661,067 | |
VeriFone Systems, Inc. (a)(d) | 74,468 | 3,566,273 | |
Virtusa Corp. (a) | 2,325 | 36,340 | |
Visa, Inc. Class A | 393,010 | 45,734,574 | |
Wright Express Corp. (a)(d) | 27,520 | 1,702,938 | |
| 434,384,464 | ||
| |||
Shares | Value | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | $ 9,933,692 | |
Zebra Technologies Corp. Class A (a) | 39,540 | 1,519,918 | |
| 11,453,610 | ||
Semiconductors & Semiconductor Equipment - 2.6% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 372,972 | |
Advanced Micro Devices, Inc. (a)(d) | 423,974 | 3,116,209 | |
AEHR Test Systems (a) | 3,126 | 2,501 | |
Aetrium, Inc. (a) | 2,064 | 1,754 | |
Altera Corp. | 244,713 | 9,409,215 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 734,639 | |
Amtech Systems, Inc. (a)(d) | 12,381 | 108,458 | |
ANADIGICS, Inc. (a)(d) | 39,656 | 101,916 | |
Analog Devices, Inc. | 259,067 | 10,158,017 | |
Applied Materials, Inc. | 1,081,624 | 13,239,078 | |
Applied Micro Circuits Corp. (a)(d) | 73,605 | 499,042 | |
Atmel Corp. (a)(d) | 322,880 | 3,264,317 | |
ATMI, Inc. (a) | 23,384 | 515,150 | |
AuthenTec, Inc. (a) | 7,194 | 25,179 | |
Axcelis Technologies, Inc. (a) | 75,586 | 125,473 | |
AXT, Inc. (a) | 22,615 | 129,584 | |
Broadcom Corp. Class A | 387,137 | 14,382,140 | |
Brooks Automation, Inc. | 46,495 | 555,615 | |
BTU International, Inc. (a) | 4,067 | 11,998 | |
Cabot Microelectronics Corp. | 23,133 | 1,162,433 | |
Cavium, Inc. (a)(d) | 36,402 | 1,300,643 | |
Ceva, Inc. (a)(d) | 14,448 | 356,143 | |
Cirrus Logic, Inc. (a)(d) | 43,561 | 1,027,168 | |
Cohu, Inc. | 18,095 | 203,026 | |
Cree, Inc. (a)(d) | 80,092 | 2,425,987 | |
CVD Equipment Corp. (a)(d) | 24,298 | 279,670 | |
Cymer, Inc. (a)(d) | 24,391 | 1,121,498 | |
Cypress Semiconductor Corp. (d) | 184,808 | 3,187,938 | |
Diodes, Inc. (a)(d) | 26,894 | 668,047 | |
DSP Group, Inc. (a) | 34,788 | 222,295 | |
Entegris, Inc. (a) | 103,421 | 934,926 | |
Entropic Communications, Inc. (a)(d) | 53,522 | 329,963 | |
Exar Corp. (a) | 27,190 | 190,330 | |
Fairchild Semiconductor International, Inc. (a) | 99,102 | 1,445,898 | |
First Solar, Inc. (a)(d) | 47,554 | 1,535,994 | |
FormFactor, Inc. (a) | 37,840 | 193,362 | |
FSI International, Inc. (a)(d) | 26,930 | 107,181 | |
GSI Technology, Inc. (a) | 4,316 | 19,854 | |
GT Advanced Technologies, Inc. (a)(d) | 91,707 | 785,012 | |
Hittite Microwave Corp. (a)(d) | 19,341 | 1,105,918 | |
Ikanos Communications, Inc. (a) | 35,040 | 26,301 | |
Inphi Corp. (a) | 9,279 | 133,246 | |
Integrated Device Technology, Inc. (a) | 100,471 | 694,255 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 286,559 | |
Intel Corp. | 4,067,111 | 109,323,944 | |
International Rectifier Corp. (a) | 50,327 | 1,129,841 | |
Intersil Corp. Class A (d) | 88,851 | 1,005,793 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Intest Corp. (a) | 2,175 | $ 7,547 | |
IXYS Corp. (a)(d) | 37,153 | 443,235 | |
KLA-Tencor Corp. | 134,341 | 6,502,104 | |
Kopin Corp. (a)(d) | 42,598 | 153,353 | |
Kulicke & Soffa Industries, Inc. (a) | 54,346 | 611,936 | |
Lam Research Corp. (a)(d) | 90,374 | 3,768,596 | |
Lattice Semiconductor Corp. (a) | 136,230 | 897,756 | |
Linear Technology Corp. | 156,591 | 5,242,667 | |
LSI Corp. (a) | 436,463 | 3,753,582 | |
LTX-Credence Corp. (a) | 48,731 | 328,934 | |
Marvell Technology Group Ltd. (a) | 448,792 | 6,731,880 | |
Mattson Technology, Inc. (a) | 39,367 | 108,259 | |
Maxim Integrated Products, Inc. | 221,144 | 6,167,706 | |
MaxLinear, Inc. Class A (a) | 10,522 | 57,871 | |
MEMC Electronic Materials, Inc. (a)(d) | 169,051 | 664,370 | |
Micrel, Inc. | 33,398 | 356,357 | |
Microchip Technology, Inc. (d) | 142,451 | 5,138,208 | |
Micron Technology, Inc. (a)(d) | 676,849 | 5,787,059 | |
Microsemi Corp. (a)(d) | 62,713 | 1,311,956 | |
Mindspeed Technologies, Inc. (a) | 20,470 | 133,260 | |
MIPS Technologies, Inc. (a)(d) | 41,504 | 239,063 | |
MKS Instruments, Inc. | 37,798 | 1,132,050 | |
Monolithic Power Systems, Inc. (a) | 35,284 | 655,930 | |
MoSys, Inc. (a)(d) | 9,566 | 36,542 | |
Nanometrics, Inc. (a)(d) | 28,664 | 503,053 | |
Novellus Systems, Inc. (a) | 59,418 | 2,761,749 | |
NVE Corp. (a)(d) | 6,043 | 323,301 | |
NVIDIA Corp. (a) | 448,017 | 6,787,458 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 726,730 | |
ON Semiconductor Corp. (a) | 400,227 | 3,630,059 | |
PDF Solutions, Inc. (a) | 4,311 | 34,617 | |
Pericom Semiconductor Corp. (a) | 17,514 | 134,683 | |
Photronics, Inc. (a)(d) | 74,723 | 523,808 | |
Pixelworks, Inc. (a) | 11,868 | 28,246 | |
PLX Technology, Inc. (a)(d) | 29,807 | 104,623 | |
PMC-Sierra, Inc. (a) | 166,615 | 1,144,645 | |
Power Integrations, Inc. | 28,590 | 1,066,407 | |
QuickLogic Corp. (a)(d) | 26,338 | 68,479 | |
Rambus, Inc. (a) | 76,083 | 538,668 | |
Ramtron International Corp. (a) | 22,353 | 42,471 | |
RF Micro Devices, Inc. (a)(d) | 198,693 | 947,766 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 163,891 | |
Rudolph Technologies, Inc. (a)(d) | 17,933 | 176,999 | |
Semtech Corp. (a)(d) | 45,838 | 1,316,009 | |
Sigma Designs, Inc. (a) | 22,818 | 131,204 | |
Silicon Image, Inc. (a) | 84,424 | 436,472 | |
Silicon Laboratories, Inc. (a)(d) | 30,879 | 1,383,379 | |
Skyworks Solutions, Inc. (a)(d) | 197,217 | 5,318,942 | |
Spansion, Inc. Class A (a) | 25,556 | 327,117 | |
Standard Microsystems Corp. (a)(d) | 24,875 | 636,551 | |
STR Holdings, Inc. (a)(d) | 37,233 | 264,354 | |
| |||
Shares | Value | ||
SunPower Corp. (a) | 29,517 | $ 222,263 | |
Supertex, Inc. (a) | 19,548 | 360,856 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,931,364 | |
Tessera Technologies, Inc. (a) | 33,779 | 567,487 | |
Texas Instruments, Inc. | 941,830 | 31,410,031 | |
TranSwitch Corp. (a) | 16,133 | 45,656 | |
Trio-Tech International (a) | 3,696 | 7,392 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 892,700 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 105,352 | |
Ultratech, Inc. (a) | 31,408 | 854,612 | |
Veeco Instruments, Inc. (a)(d) | 36,173 | 978,118 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 37,746 | |
Volterra Semiconductor Corp. (a)(d) | 28,138 | 864,681 | |
Xilinx, Inc. (d) | 198,755 | 7,340,022 | |
| 314,326,664 | ||
Software - 3.8% | |||
Accelrys, Inc. (a) | 29,972 | 237,978 | |
ACI Worldwide, Inc. (a) | 37,489 | 1,416,334 | |
Activision Blizzard, Inc. (d) | 335,744 | 4,012,141 | |
Actuate Corp. (a) | 42,170 | 254,707 | |
Adobe Systems, Inc. (a) | 404,590 | 13,306,965 | |
Advent Software, Inc. (a)(d) | 32,795 | 843,815 | |
American Software, Inc. Class A | 3,798 | 31,561 | |
ANSYS, Inc. (a)(d) | 71,510 | 4,518,002 | |
Ariba, Inc. (a)(d) | 71,414 | 2,247,399 | |
Aspen Technology, Inc. (a)(d) | 68,551 | 1,409,409 | |
Autodesk, Inc. (a) | 171,089 | 6,475,719 | |
Bitstream, Inc. Class A (a) | 5,202 | 28,039 | |
Blackbaud, Inc. | 29,935 | 944,449 | |
BMC Software, Inc. (a) | 131,423 | 4,920,477 | |
Bottomline Technologies, Inc. (a)(d) | 23,633 | 664,087 | |
BroadSoft, Inc. (a) | 20,047 | 729,109 | |
BSQUARE Corp. (a) | 11,182 | 37,348 | |
CA, Inc. | 338,055 | 9,137,627 | |
Cadence Design Systems, Inc. (a)(d) | 209,415 | 2,464,815 | |
Callidus Software, Inc. (a)(d) | 12,639 | 93,655 | |
Citrix Systems, Inc. (a) | 157,066 | 11,739,113 | |
CommVault Systems, Inc. (a)(d) | 36,151 | 1,864,307 | |
Compuware Corp. (a) | 146,255 | 1,317,758 | |
Concur Technologies, Inc. (a)(d) | 32,419 | 1,911,100 | |
Convio, Inc. (a) | 5,835 | 91,376 | |
Datawatch Corp. (a) | 1,950 | 27,222 | |
Deltek, Inc. (a) | 2,618 | 28,877 | |
Digimarc Corp. (a) | 1,836 | 51,206 | |
Ebix, Inc. (d) | 31,393 | 731,457 | |
Electronic Arts, Inc. (a) | 249,134 | 4,068,358 | |
Ellie Mae, Inc. | 10,964 | 91,549 | |
EPIQ Systems, Inc. (d) | 38,746 | 445,192 | |
ePlus, Inc. (a) | 762 | 24,399 | |
FactSet Research Systems, Inc. | 29,192 | 2,551,381 | |
Fair Isaac Corp. | 37,437 | 1,515,450 | |
FalconStor Software, Inc. (a) | 21,866 | 62,318 | |
Fonix Corp. (a) | 1 | 0 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Fortinet, Inc. (a)(d) | 123,327 | $ 3,335,995 | |
Glu Mobile, Inc. (a)(d) | 27,012 | 102,105 | |
GSE Systems, Inc. (a) | 388 | 729 | |
Guidance Software, Inc. (a) | 3,531 | 40,289 | |
Guidewire Software, Inc. | 5,991 | 135,516 | |
Imperva, Inc. | 3,643 | 134,973 | |
Informatica Corp. (a)(d) | 99,837 | 4,907,987 | |
Interactive Intelligence Group, Inc. (a) | 8,029 | 224,812 | |
Intuit, Inc. | 214,635 | 12,414,488 | |
JDA Software Group, Inc. (a)(d) | 38,809 | 972,554 | |
Jive Software, Inc. | 9,842 | 214,654 | |
Kenexa Corp. (a)(d) | 15,879 | 441,277 | |
Majesco Entertainment Co. (a)(d) | 19,952 | 49,680 | |
Manhattan Associates, Inc. (a) | 20,570 | 953,625 | |
Mentor Graphics Corp. (a) | 80,500 | 1,220,380 | |
MICROS Systems, Inc. (a)(d) | 56,461 | 2,932,020 | |
Microsoft Corp. | 5,982,117 | 189,872,394 | |
MicroStrategy, Inc. Class A (a)(d) | 7,880 | 1,068,449 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 165,318 | |
Monotype Imaging Holdings, Inc. (a) | 14,180 | 198,945 | |
Motricity, Inc. (a)(d) | 42,402 | 56,395 | |
NetScout Systems, Inc. (a)(d) | 23,369 | 496,124 | |
NetSol Technologies, Inc. (a) | 101,658 | 54,895 | |
NetSuite, Inc. (a) | 19,234 | 917,462 | |
Nuance Communications, Inc. (a)(d) | 213,353 | 5,530,110 | |
Opnet Technologies, Inc. | 7,189 | 205,246 | |
Oracle Corp. | 3,107,810 | 90,965,599 | |
Parametric Technology Corp. (a) | 83,074 | 2,218,076 | |
Peerless Systems Corp. (a) | 172 | 669 | |
Pegasystems, Inc. | 16,328 | 458,490 | |
Pervasive Software, Inc. (a) | 4,203 | 25,260 | |
Progress Software Corp. (a)(d) | 47,192 | 1,094,382 | |
PROS Holdings, Inc. (a)(d) | 12,895 | 226,049 | |
QAD, Inc. Class B | 4,298 | 59,098 | |
QLIK Technologies, Inc. (a) | 54,045 | 1,635,942 | |
Quest Software, Inc. (a) | 39,589 | 792,572 | |
RealPage, Inc. (a) | 20,932 | 415,082 | |
Red Hat, Inc. (a) | 157,804 | 7,804,986 | |
Rosetta Stone, Inc. (a) | 8,315 | 75,084 | |
Rovi Corp. (a) | 86,281 | 3,061,250 | |
salesforce.com, Inc. (a)(d) | 96,462 | 13,809,500 | |
SeaChange International, Inc. (a) | 17,668 | 120,849 | |
Smith Micro Software, Inc. (a) | 20,978 | 53,284 | |
SolarWinds, Inc. (a) | 41,125 | 1,532,318 | |
Solera Holdings, Inc. | 55,386 | 2,658,528 | |
Sonic Foundry, Inc. (a) | 155 | 1,142 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,197,532 | |
SRS Labs, Inc. (a) | 6,521 | 43,625 | |
SS&C Technologies Holdings, Inc. (a) | 18,752 | 388,541 | |
Symantec Corp. (a) | 570,036 | 10,169,442 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 984,360 | |
| |||
Shares | Value | ||
Synopsys, Inc. (a) | 143,372 | $ 4,368,545 | |
Take-Two Interactive Software, Inc. (a)(d) | 62,163 | 960,418 | |
Taleo Corp. Class A (a)(d) | 24,860 | 1,139,085 | |
Tangoe, Inc. (a) | 32,304 | 605,377 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 132,330 | |
TeleNav, Inc. (a) | 12,035 | 80,875 | |
THQ, Inc. (a)(d) | 76,823 | 41,484 | |
TIBCO Software, Inc. (a) | 129,577 | 3,753,846 | |
TiVo, Inc. (a) | 82,213 | 924,896 | |
Tyler Technologies, Inc. (a)(d) | 30,080 | 1,136,122 | |
Ultimate Software Group, Inc. (a)(d) | 18,004 | 1,257,039 | |
Vasco Data Security International, Inc. (a)(d) | 30,246 | 273,424 | |
Verint Systems, Inc. (a) | 23,323 | 641,149 | |
Versant Corp. (a) | 275 | 2,855 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 911,012 | |
VMware, Inc. Class A (a) | 59,262 | 5,860,419 | |
Wave Systems Corp. Class A (a)(d) | 52,444 | 105,412 | |
Websense, Inc. (a)(d) | 31,243 | 562,686 | |
Zynga, Inc. (d) | 81,974 | 1,079,598 | |
| 470,569,353 | ||
TOTAL INFORMATION TECHNOLOGY | 2,364,767,502 | ||
MATERIALS - 4.0% | |||
Chemicals - 2.4% | |||
A. Schulman, Inc. (d) | 28,352 | 732,616 | |
ADA-ES, Inc. (a) | 7,109 | 159,739 | |
Air Products & Chemicals, Inc. | 170,671 | 15,401,351 | |
Airgas, Inc. | 49,779 | 4,098,305 | |
Albemarle Corp. | 65,910 | 4,384,333 | |
American Pacific Corp. (a) | 688 | 5,346 | |
American Vanguard Corp. (d) | 23,997 | 396,430 | |
Arabian American Development Co. (a) | 12,294 | 97,491 | |
Ashland, Inc. | 50,811 | 3,229,547 | |
Balchem Corp. (d) | 26,952 | 734,442 | |
Cabot Corp. | 41,807 | 1,693,602 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,256,079 | |
Celanese Corp. Class A | 129,149 | 6,143,618 | |
CF Industries Holdings, Inc. | 57,618 | 10,716,948 | |
Chase Corp. | 859 | 12,456 | |
Chemtura Corp. (a) | 73,070 | 1,134,046 | |
Clean Diesel Technologies, Inc. (a)(d) | 22,307 | 67,144 | |
Core Molding Technologies, Inc. (a) | 5,919 | 56,645 | |
Cytec Industries, Inc. | 34,436 | 2,047,565 | |
Dow Chemical Co. | 935,587 | 31,351,520 | |
E.I. du Pont de Nemours & Co. | 755,442 | 38,414,226 | |
Eastman Chemical Co. | 97,132 | 5,257,755 | |
Ecolab, Inc. | 229,294 | 13,757,640 | |
Ferro Corp. (a)(d) | 55,113 | 305,877 | |
Flotek Industries, Inc. (a)(d) | 54,967 | 615,081 | |
FMC Corp. | 56,197 | 5,561,817 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
FutureFuel Corp. | 9,540 | $ 105,417 | |
Georgia Gulf Corp. (a) | 23,211 | 748,787 | |
GSE Holding, Inc. | 2,100 | 25,515 | |
H.B. Fuller Co. (d) | 32,855 | 989,921 | |
Hawkins, Inc. | 5,329 | 206,499 | |
Huntsman Corp. | 140,478 | 1,918,929 | |
Innophos Holdings, Inc. | 16,934 | 853,135 | |
International Flavors & Fragrances, Inc. (d) | 77,751 | 4,434,140 | |
Intrepid Potash, Inc. (a)(d) | 39,192 | 991,166 | |
KMG Chemicals, Inc. | 10,303 | 178,757 | |
Koppers Holdings, Inc. | 22,254 | 837,418 | |
Kraton Performance Polymers, Inc. (a) | 20,094 | 558,412 | |
Kronos Worldwide, Inc. | 11,327 | 264,712 | |
Landec Corp. (a) | 25,874 | 163,006 | |
LSB Industries, Inc. (a)(d) | 18,952 | 762,249 | |
LyondellBasell Industries NV Class A | 283,794 | 12,254,225 | |
Material Sciences Corp. (a) | 4,565 | 39,533 | |
Minerals Technologies, Inc. | 17,066 | 1,101,952 | |
Monsanto Co. | 438,818 | 33,955,737 | |
Nanophase Technologies Corp. (a) | 3,795 | 2,429 | |
NewMarket Corp. | 7,381 | 1,346,516 | |
Olin Corp. (d) | 49,032 | 1,031,143 | |
OM Group, Inc. (a)(d) | 23,696 | 651,166 | |
OMNOVA Solutions, Inc. (a)(d) | 32,261 | 164,531 | |
Penford Corp. (a) | 6,469 | 37,261 | |
PolyOne Corp. | 70,747 | 950,132 | |
PPG Industries, Inc. | 126,786 | 11,569,223 | |
Praxair, Inc. | 243,959 | 26,591,531 | |
Quaker Chemical Corp. | 14,473 | 596,432 | |
Rockwood Holdings, Inc. (a) | 49,361 | 2,628,473 | |
RPM International, Inc. (d) | 90,249 | 2,154,244 | |
Senomyx, Inc. (a)(d) | 18,447 | 63,273 | |
Sensient Technologies Corp. (d) | 57,162 | 2,114,422 | |
Sherwin-Williams Co. | 69,774 | 7,197,188 | |
Sigma Aldrich Corp. | 94,992 | 6,819,476 | |
Solutia, Inc. | 87,015 | 2,445,992 | |
Spartech Corp. (a) | 19,316 | 112,033 | |
Stepan Co. | 8,487 | 742,018 | |
The Mosaic Co. | 219,915 | 12,700,091 | |
The Scotts Miracle-Gro Co. Class A (d) | 29,091 | 1,362,622 | |
TPC Group, Inc. (a) | 11,175 | 388,220 | |
Tredegar Corp. | 24,439 | 567,962 | |
Valhi, Inc. | 4,002 | 229,515 | |
Valspar Corp. | 85,270 | 3,952,265 | |
W.R. Grace & Co. (a) | 43,184 | 2,459,761 | |
Westlake Chemical Corp. | 12,747 | 767,752 | |
Zep, Inc. | 16,526 | 250,699 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 486,610 | |
| 298,404,109 | ||
| |||
Shares | Value | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. (d) | 36,470 | $ 1,144,429 | |
Headwaters, Inc. (a) | 93,443 | 284,067 | |
Martin Marietta Materials, Inc. | 41,456 | 3,559,827 | |
Texas Industries, Inc. (d) | 16,333 | 552,545 | |
U.S. Concrete, Inc. (a) | 13,793 | 57,931 | |
Vulcan Materials Co. | 106,365 | 4,739,624 | |
| 10,338,423 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 227,169 | |
Aptargroup, Inc. (d) | 41,303 | 2,179,972 | |
Ball Corp. | 134,650 | 5,396,772 | |
Bemis Co., Inc. (d) | 87,122 | 2,733,017 | |
Boise, Inc. | 80,405 | 661,733 | |
Crown Holdings, Inc. (a) | 110,291 | 4,077,458 | |
Graphic Packaging Holding Co. (a) | 145,268 | 767,015 | |
Greif, Inc. Class A (d) | 29,099 | 1,490,160 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 6,339 | |
Myers Industries, Inc. | 17,337 | 230,929 | |
Owens-Illinois, Inc. (a) | 119,395 | 2,853,541 | |
Packaging Corp. of America | 69,635 | 2,063,981 | |
Rock-Tenn Co. Class A | 51,739 | 3,647,082 | |
Sealed Air Corp. | 144,059 | 2,827,878 | |
Silgan Holdings, Inc. | 35,329 | 1,502,189 | |
Sonoco Products Co. | 69,472 | 2,281,460 | |
UFP Technologies, Inc. (a) | 1,379 | 24,229 | |
| 32,970,924 | ||
Metals & Mining - 1.0% | |||
A.M. Castle & Co. (a)(d) | 15,455 | 176,960 | |
AK Steel Holding Corp. (d) | 121,218 | 960,047 | |
Alcoa, Inc. | 919,985 | 9,356,247 | |
Allegheny Technologies, Inc. | 77,522 | 3,400,890 | |
Allied Nevada Gold Corp. (a)(d) | 66,857 | 2,300,549 | |
Amcol International Corp. | 18,664 | 547,415 | |
Carpenter Technology Corp. | 31,548 | 1,618,412 | |
Century Aluminum Co. (a)(d) | 49,996 | 490,461 | |
Cliffs Natural Resources, Inc. | 111,449 | 7,074,783 | |
Coeur d'Alene Mines Corp. (a)(d) | 92,048 | 2,617,845 | |
Commercial Metals Co. | 82,162 | 1,091,933 | |
Compass Minerals International, Inc. | 22,090 | 1,591,585 | |
Comstock Mining, Inc. (a) | 12,441 | 25,131 | |
Freeport-McMoRan Copper & Gold, Inc. | 756,136 | 32,181,148 | |
Friedman Industries | 2,001 | 20,910 | |
General Moly, Inc. (a)(d) | 49,482 | 178,630 | |
Globe Specialty Metals, Inc. | 35,832 | 509,531 | |
Golden Minerals Co. (a)(d) | 22,525 | 187,859 | |
Handy & Harman Ltd. (a) | 4,348 | 52,785 | |
Haynes International, Inc. | 8,639 | 546,762 | |
Hecla Mining Co. | 227,588 | 1,156,147 | |
Horsehead Holding Corp. (a) | 39,520 | 450,528 | |
Kaiser Aluminum Corp. (d) | 16,273 | 786,637 | |
Materion Corp. (a) | 22,336 | 655,562 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
McEwen Mining, Inc. (a)(d) | 153,111 | $ 800,771 | |
Metals USA Holdings Corp. (a) | 10,388 | 135,875 | |
Mines Management, Inc. (a)(d) | 12,500 | 25,125 | |
Molycorp, Inc. (a)(d) | 46,127 | 1,139,337 | |
Newmont Mining Corp. | 380,920 | 22,626,648 | |
Noranda Aluminium Holding Corp. | 34,612 | 415,344 | |
Nucor Corp. | 219,158 | 9,539,948 | |
Olympic Steel, Inc. | 9,587 | 224,719 | |
Reliance Steel & Aluminum Co. | 58,834 | 3,160,562 | |
Royal Gold, Inc. | 42,217 | 2,931,971 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 630,579 | |
Schnitzer Steel Inds, Inc. Class A (d) | 16,509 | 745,546 | |
Silver Bull Resources, Inc. (a)(d) | 34,716 | 19,788 | |
Solitario Exploration & Royalty Corp. (a) | 7,900 | 11,139 | |
Southern Copper Corp. (d) | 168,589 | 5,421,822 | |
Steel Dynamics, Inc. | 160,458 | 2,376,383 | |
Stillwater Mining Co. (a)(d) | 84,322 | 1,197,372 | |
SunCoke Energy, Inc. (a) | 54,343 | 778,735 | |
Synalloy Corp. | 602 | 7,615 | |
Titanium Metals Corp. | 121,957 | 1,787,890 | |
U.S. Silica Holdings, Inc. | 9,838 | 166,459 | |
United States Steel Corp. (d) | 106,239 | 2,891,826 | |
Universal Stainless & Alloy Products, Inc. (a) | 4,997 | 167,300 | |
US Energy Corp. (a) | 13,579 | 44,675 | |
Vista Gold Corp. (a)(d) | 30,419 | 107,683 | |
Walter Energy, Inc. | 48,021 | 3,113,201 | |
Worthington Industries, Inc. | 42,754 | 721,260 | |
| 129,168,330 | ||
Paper & Forest Products - 0.2% | |||
AbitibiBowater, Inc. (a)(d) | 58,314 | 892,204 | |
Buckeye Technologies, Inc. | 38,686 | 1,321,514 | |
Clearwater Paper Corp. (a) | 17,308 | 593,837 | |
Deltic Timber Corp. | 13,533 | 882,487 | |
Domtar Corp. | 31,471 | 3,017,125 | |
Glatfelter | 36,975 | 577,180 | |
International Paper Co. | 320,065 | 11,250,285 | |
Kapstone Paper & Packaging Corp. (a) | 27,514 | 553,031 | |
Louisiana-Pacific Corp. (a)(d) | 87,254 | 712,865 | |
MeadWestvaco Corp. | 135,474 | 4,102,153 | |
Neenah Paper, Inc. | 13,754 | 383,599 | |
Schweitzer-Mauduit International, Inc. | 12,453 | 872,333 | |
Verso Paper Corp. (a) | 16,407 | 21,329 | |
Wausau-Mosinee Paper Corp. | 43,988 | 410,848 | |
| 25,590,790 | ||
TOTAL MATERIALS | 496,472,576 | ||
| |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - 2.5% | |||
Diversified Telecommunication Services - 2.2% | |||
8x8, Inc. (a)(d) | 54,427 | $ 233,492 | |
AboveNet, Inc. (a)(d) | 19,425 | 1,351,203 | |
Alaska Communication Systems Group, Inc. (d) | 91,658 | 293,306 | |
Allegiance Telecom, Inc. (a) | 7,100 | 0 | |
AT&T, Inc. | 4,755,975 | 145,485,275 | |
Atlantic Tele-Network, Inc. | 16,949 | 649,486 | |
Boingo Wireless, Inc. | 15,589 | 149,031 | |
Cbeyond, Inc. (a) | 34,447 | 264,553 | |
CenturyLink, Inc. | 476,960 | 19,197,640 | |
Cincinnati Bell, Inc. New (a)(d) | 146,179 | 548,171 | |
Cogent Communications Group, Inc. (a) | 45,760 | 842,899 | |
Consolidated Communications Holdings, Inc. (d) | 37,636 | 713,955 | |
Elephant Talk Communication, Inc. (a)(d) | 40,052 | 85,711 | |
FairPoint Communications, Inc. (a)(d) | 39,538 | 148,663 | |
Frontier Communications Corp. (d) | 749,270 | 3,439,149 | |
General Communications, Inc. Class A (a) | 33,964 | 359,679 | |
Globalstar, Inc. (a)(d) | 95,723 | 81,518 | |
Hawaiian Telcom Holdco, Inc. (a) | 7,614 | 119,692 | |
HickoryTech Corp. | 2,523 | 27,097 | |
IDT Corp. Class B | 36,897 | 333,918 | |
inContact, Inc. (a) | 21,298 | 113,518 | |
Iridium Communications, Inc. (a)(d) | 61,404 | 469,127 | |
Level 3 Communications, Inc. (a) | 186,635 | 4,537,097 | |
Lumos Networks Corp. | 10,948 | 140,134 | |
Neutral Tandem, Inc. (a) | 28,172 | 314,400 | |
Premiere Global Services, Inc. (a) | 54,821 | 474,202 | |
Primus Telecommunications Group, Inc. (a) | 10,437 | 143,509 | |
SureWest Communications | 15,725 | 352,397 | |
Towerstream Corp. (a)(d) | 34,148 | 96,980 | |
tw telecom, inc. (a)(d) | 109,402 | 2,363,083 | |
Verizon Communications, Inc. | 2,254,924 | 85,935,154 | |
Vonage Holdings Corp. (a) | 108,539 | 259,408 | |
Windstream Corp. (d) | 403,983 | 4,880,115 | |
| 274,403,562 | ||
Wireless Telecommunication Services - 0.3% | |||
Clearwire Corp. Class A (a)(d) | 187,420 | 431,066 | |
Crown Castle International Corp. (a) | 182,816 | 9,471,697 | |
Leap Wireless International, Inc. (a) | 51,525 | 537,921 | |
MetroPCS Communications, Inc. (a) | 322,874 | 3,325,602 | |
NII Holdings, Inc. (a)(d) | 126,821 | 2,267,559 | |
NTELOS Holdings Corp. | 10,948 | 254,541 | |
SBA Communications Corp. Class A (a)(d) | 91,252 | 4,282,456 | |
Shenandoah Telecommunications Co. (d) | 22,919 | 228,961 | |
Sprint Nextel Corp. (a) | 2,227,579 | 5,502,120 | |
Telephone & Data Systems, Inc. | 73,288 | 1,851,988 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
U.S. Cellular Corp. (a)(d) | 14,322 | $ 617,851 | |
USA Mobility, Inc. | 28,203 | 386,945 | |
| 29,158,707 | ||
TOTAL TELECOMMUNICATION SERVICES | 303,562,269 | ||
UTILITIES - 3.4% | |||
Electric Utilities - 1.7% | |||
Allete, Inc. (d) | 33,215 | 1,381,080 | |
American Electric Power Co., Inc. | 366,241 | 13,774,324 | |
Central Vermont Public Service Corp. (d) | 19,324 | 680,978 | |
Cleco Corp. (d) | 54,483 | 2,096,506 | |
Duke Energy Corp. | 1,032,626 | 21,602,536 | |
Edison International | 243,928 | 10,213,265 | |
El Paso Electric Co. | 44,691 | 1,462,736 | |
Empire District Electric Co. | 52,048 | 1,038,358 | |
Entergy Corp. | 153,247 | 10,210,848 | |
Exelon Corp. | 537,367 | 20,994,929 | |
FirstEnergy Corp. | 351,230 | 15,555,977 | |
Great Plains Energy, Inc. | 94,773 | 1,874,610 | |
Hawaiian Electric Industries, Inc. (d) | 66,479 | 1,665,299 | |
IDACORP, Inc. | 35,161 | 1,423,317 | |
ITC Holdings Corp. | 52,881 | 3,991,458 | |
MGE Energy, Inc. | 22,576 | 990,183 | |
NextEra Energy, Inc. | 338,664 | 20,153,895 | |
Northeast Utilities | 122,863 | 4,410,782 | |
NV Energy, Inc. | 181,962 | 2,853,164 | |
Otter Tail Corp. | 32,419 | 688,580 | |
Pepco Holdings, Inc. | 155,532 | 3,023,542 | |
Pinnacle West Capital Corp. | 77,059 | 3,624,085 | |
PNM Resources, Inc. | 67,114 | 1,206,710 | |
Portland General Electric Co. | 65,957 | 1,625,180 | |
PPL Corp. | 487,826 | 13,927,432 | |
Progress Energy, Inc. | 222,099 | 11,789,015 | |
Southern Co. | 690,945 | 30,532,860 | |
UIL Holdings Corp. | 34,543 | 1,217,641 | |
Unisource Energy Corp. | 32,111 | 1,181,364 | |
Unitil Corp. | 19,695 | 523,887 | |
Westar Energy, Inc. | 76,364 | 2,101,537 | |
| 207,816,078 | ||
Gas Utilities - 0.2% | |||
AGL Resources, Inc. | 84,990 | 3,388,551 | |
Atmos Energy Corp. | 67,549 | 2,075,781 | |
Chesapeake Utilities Corp. (d) | 10,363 | 425,608 | |
Delta Natural Gas Co., Inc. | 1,539 | 58,605 | |
Gas Natural, Inc. | 1,949 | 21,731 | |
Laclede Group, Inc. | 27,494 | 1,129,728 | |
National Fuel Gas Co. | 56,086 | 2,822,808 | |
New Jersey Resources Corp. | 30,189 | 1,409,524 | |
Northwest Natural Gas Co. (d) | 34,699 | 1,588,173 | |
| |||
Shares | Value | ||
ONEOK, Inc. | 80,943 | $ 6,689,130 | |
Piedmont Natural Gas Co., Inc. | 66,004 | 2,138,530 | |
Questar Corp. | 120,840 | 2,322,545 | |
South Jersey Industries, Inc. | 25,563 | 1,329,276 | |
Southwest Gas Corp. | 38,877 | 1,658,104 | |
UGI Corp. | 77,479 | 2,188,782 | |
WGL Holdings, Inc. (d) | 35,927 | 1,466,899 | |
| 30,713,775 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
Black Hills Corp. | 38,823 | 1,274,947 | |
Calpine Corp. (a)(d) | 290,000 | 4,439,900 | |
Constellation Energy Group, Inc. | 134,026 | 4,859,783 | |
Dynegy, Inc. (a)(d) | 77,498 | 100,747 | |
Genie Energy Ltd. Class B | 11,430 | 109,614 | |
GenOn Energy, Inc. (a) | 573,550 | 1,410,933 | |
NRG Energy, Inc. (a) | 189,652 | 3,243,049 | |
Ormat Technologies, Inc. | 25,950 | 525,228 | |
Tegal Corp. (a) | 87 | 290 | |
The AES Corp. (a) | 604,562 | 8,197,861 | |
| 24,162,352 | ||
Multi-Utilities - 1.2% | |||
Alliant Energy Corp. | 75,902 | 3,236,461 | |
Ameren Corp. | 176,734 | 5,667,859 | |
Avista Corp. | 62,033 | 1,532,215 | |
CenterPoint Energy, Inc. | 319,442 | 6,225,925 | |
CH Energy Group, Inc. (d) | 17,708 | 1,180,592 | |
CMS Energy Corp. | 175,000 | 3,746,750 | |
Consolidated Edison, Inc. | 240,766 | 13,988,505 | |
Dominion Resources, Inc. | 455,703 | 22,999,330 | |
DTE Energy Co. | 125,312 | 6,765,595 | |
Integrys Energy Group, Inc. | 53,328 | 2,774,656 | |
MDU Resources Group, Inc. | 139,832 | 3,034,354 | |
NiSource, Inc. (d) | 245,673 | 5,896,152 | |
NorthWestern Energy Corp. | 42,329 | 1,470,086 | |
NSTAR | 83,673 | 3,924,264 | |
OGE Energy Corp. | 87,987 | 4,617,558 | |
PG&E Corp. | 338,723 | 14,117,975 | |
Public Service Enterprise Group, Inc. | 385,925 | 11,878,772 | |
SCANA Corp. | 113,750 | 5,118,750 | |
Sempra Energy (d) | 169,220 | 10,024,593 | |
TECO Energy, Inc. (d) | 132,305 | 2,374,875 | |
Vectren Corp. | 57,016 | 1,666,008 | |
Wisconsin Energy Corp. | 171,718 | 5,852,149 | |
Xcel Energy, Inc. | 428,748 | 11,357,535 | |
| 149,450,959 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 24,187 | 891,533 | |
American Water Works Co., Inc. | 135,341 | 4,639,489 | |
Aqua America, Inc. | 94,472 | 2,098,223 | |
Artesian Resources Corp. Class A | 7,116 | 135,916 | |
Cadiz, Inc. (a) | 5,759 | 61,161 | |
California Water Service Group | 51,749 | 994,098 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Connecticut Water Service, Inc. | 1,945 | $ 56,055 | |
Middlesex Water Co. | 5,464 | 100,647 | |
SJW Corp. | 10,920 | 260,879 | |
York Water Co. | 4,047 | 70,135 | |
| 9,308,136 | ||
TOTAL UTILITIES | 421,451,300 | ||
TOTAL COMMON STOCKS (Cost $10,517,791,599) |
|
Nonconvertible Bonds - 0.0% | ||||
| Principal |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $22,633) | $ 22,600 |
| ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.09% 3/8/12 to 7/19/12 (e) | 16,500,000 |
|
Money Market Funds - 12.3% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 114,228,901 | 114,228,901 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 1,396,046,732 | 1,396,046,732 | |
TOTAL MONEY MARKET FUNDS (Cost $1,510,275,633) |
| ||
TOTAL INVESTMENT (Cost $12,044,587,798) | 13,668,608,771 | ||
NET OTHER ASSETS | (1,374,027,689) | ||
NET ASSETS - 100% | $ 12,294,581,082 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
1,271 CME E-mini S&P 500 Index Contracts | March 2012 | $ 86,707,620 | $ 7,071,875 | ||
92 CME E-mini S&P Midcap 400 Index Contracts | March 2012 | 8,984,720 | 877,732 | ||
112 CME S&P 500 Index Contracts | March 2012 | 38,203,200 | 2,728,848 | ||
222 NYFE Russell 2000 Mini Index Contracts | March 2012 | 17,982,000 | 1,545,248 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 151,877,540 | $ 12,223,703 |
|
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $10,197,679. |
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 | $ 197,580 |
Fidelity Securities Lending Cash Central Fund | 4,680,442 |
Total | $ 4,878,022 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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 | $ 1,448,486,735 | $ 1,448,486,735 | $ - | $ - |
Consumer Staples | 1,140,321,223 | 1,140,310,188 | 11,035 | - |
Energy | 1,359,179,677 | 1,359,179,677 | - | - |
Financials | 1,867,602,364 | 1,867,600,721 | - | 1,643 |
Health Care | 1,386,083,527 | 1,386,083,527 | - | - |
Industrials | 1,353,890,149 | 1,353,890,149 | - | - |
Information Technology | 2,364,767,502 | 2,364,767,502 | - | - |
Materials | 496,472,576 | 496,472,576 | - | - |
Telecommunication Services | 303,562,269 | 303,562,269 | - | - |
Utilities | 421,451,300 | 421,451,300 | - | - |
Corporate Bonds | 18,220 | - | 18,220 | - |
U.S. Government and Government Agency Obligations | 16,497,596 | - | 16,497,596 | - |
Money Market Funds | 1,510,275,633 | 1,510,275,633 | - | - |
Total Investments in Securities: | $ 13,668,608,771 | $ 13,652,080,277 | $ 16,526,851 | $ 1,643 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,223,703 | $ 12,223,703 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 96,127 |
Total Realized Gain (Loss) | (132,858) |
Total Unrealized Gain (Loss) | 138,760 |
Cost of Purchases | - |
Proceeds of Sales | (5,850) |
Amortization/Accretion | - |
Transfers in to Level 3 | 1,590 |
Transfers out of Level 3 | (96,126) |
Ending Balance | $ 1,643 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ 86 |
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, and includes the value of securities delivered through unaffiliated in-kind transactions. See Note 5 of the Notes to Financial Statements. 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 29, 2012. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,223,703 | $ - |
Total Value of Derivatives | $ 12,223,703 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,345,904,304) - See accompanying schedule: Unaffiliated issuers (cost $10,534,312,165) | $ 12,158,333,138 |
|
Fidelity Central Funds (cost $1,510,275,633) | 1,510,275,633 |
|
Total Investments (cost $12,044,587,798) |
| $ 13,668,608,771 |
Cash |
| 34,837 |
Receivable for investments sold | 1,280,716 | |
Receivable for fund shares sold | 51,714,360 | |
Dividends receivable | 24,985,250 | |
Distributions receivable from Fidelity Central Funds | 472,876 | |
Receivable from investment adviser for expense reductions | 10,151 | |
Other receivables | 122,673 | |
Total assets | 13,747,229,634 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 37,261 | |
Payable for fund shares redeemed | 54,685,864 | |
Accrued management fee | 455,115 | |
Payable for daily variation margin on futures contracts | 1,038,336 | |
Other affiliated payables | 319,598 | |
Other payables and accrued expenses | 65,646 | |
Collateral on securities loaned, at value | 1,396,046,732 | |
Total liabilities | 1,452,648,552 | |
|
|
|
Net Assets | $ 12,294,581,082 | |
Net Assets consist of: |
| |
Paid in capital | $ 11,092,660,661 | |
Undistributed net investment income | 27,909,802 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (462,234,277) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,636,244,896 | |
Net Assets | $ 12,294,581,082 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
Investor Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Class: | $ 39.56 | |
|
|
|
Institutional Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 39.55 | |
|
|
|
Class F: | $ 39.56 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 214,285,292 |
Interest |
| 15,912 |
Income from Fidelity Central Funds |
| 4,878,022 |
Total income |
| 219,179,226 |
|
|
|
Expenses | ||
Management fee | $ 6,517,726 | |
Transfer agent fees | 2,749,481 | |
Independent trustees' compensation | 66,214 | |
Miscellaneous | 33,291 | |
Total expenses before reductions | 9,366,712 | |
Expense reductions | (28,373) | 9,338,339 |
Net investment income (loss) | 209,840,887 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 167,667,600 | |
Foreign currency transactions | (4,353) | |
Redemption in-kind with affiliated entities | 393,327,878 | |
Futures contracts | 17,450,299 | |
Total net realized gain (loss) |
| 578,441,424 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (266,448,637) | |
Assets and liabilities in foreign currencies | (98) | |
Futures contracts | 3,326,207 | |
Total change in net unrealized appreciation (depreciation) |
| (263,122,528) |
Net gain (loss) | 315,318,896 | |
Net increase (decrease) in net assets resulting from operations | $ 525,159,783 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 209,840,887 | $ 182,686,921 |
Net realized gain (loss) | 578,441,424 | (140,975,443) |
Change in net unrealized appreciation (depreciation) | (263,122,528) | 2,243,788,031 |
Net increase (decrease) in net assets resulting from operations | 525,159,783 | 2,285,499,509 |
Distributions to shareholders from net investment income | (195,308,977) | (179,834,546) |
Distributions to shareholders from net realized gain | - | (5,804,652) |
Total distributions | (195,308,977) | (185,639,198) |
Share transactions - net increase (decrease) | (149,356,809) | 833,400,574 |
Redemption fees | 378,217 | 259,786 |
Total increase (decrease) in net assets | 180,872,214 | 2,933,520,671 |
|
|
|
Net Assets | ||
Beginning of period | 12,113,708,868 | 9,180,188,197 |
End of period (including undistributed net investment income of $27,909,802 and undistributed net investment income of $30,424,213, respectively) | $ 12,294,581,082 | $ 12,113,708,868 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .68 | .61 | .56 | .70 | .76 |
Net realized and unrealized gain (loss) | .96 | 7.03 | 10.96 | (16.70) | (2.30) |
Total from investment operations | 1.64 | 7.64 | 11.52 | (16.00) | (1.54) |
Distributions from net investment income | (.65) | (.60) | (.57) | (.64) | (.65) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.65) | (.62) | (.58) I | (.65) H | (.89) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Total Return A | 4.46% | 24.39% | 56.10% | (43.32)% | (4.10)% |
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) | 1.84% | 1.80% | 2.00% | 2.23% | 1.84% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 | $ 4,479,327 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share.
I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .69 | .62 | .57 | .72 | .77 |
Net realized and unrealized gain (loss) | .97 | 7.03 | 10.95 | (16.71) | (2.30) |
Total from investment operations | 1.66 | 7.65 | 11.52 | (15.99) | (1.53) |
Distributions from net investment income | (.66) | (.61) | (.57) | (.65) | (.66) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.66) | (.63) | (.59) I | (.65) H | (.90) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Total Return A | 4.51% | 24.43% | 56.07% | (43.28)% | (4.07)% |
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) | 1.87% | 1.83% | 2.03% | 2.26% | 1.87% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 | $ 3,565,194 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share.
I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.49% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .07% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 2.03% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 693,534 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.50% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .06% A |
Expenses net of fee waivers, if any | .05% A, K |
Expenses net of all reductions | .05% A, K |
Net investment income (loss) | 2.02% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 189,758 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
K Amount represents .045%.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
Net investment income (loss) D | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | .97 | 7.02 | 1.67 |
Total from investment operations | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | (.02) | (.02) |
Total distributions | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
Expenses before reductions | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .07% | .07% A |
Expenses net of all reductions | .06% | .07% | .07% A |
Net investment income (loss) | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
Net assets, end of period (000 omitted) | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 17% | 4% | 7% |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I For the year ended February 29.
J Amount represents less than $.01 per share.
K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 29, 2012
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. In May 2011, the Board of Trustees of Spartan Total Market Index Fund approved the creation of additional classes of shares. The Fund commenced sale of Institutional Class and Fidelity Advantage Institutional Class shares on September 8, 2011. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. 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 29, 2012, 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
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
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.
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. 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.
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.
New Accounting Pronouncements. In May 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-04, Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The update is effective during interim and annual periods beginning after December 15, 2011 and will result in additional disclosure for transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy.
In December 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The update creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange 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.
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 29, 2012, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures transactions, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in-kind, partnerships, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 2,969,645,004 |
Gross unrealized depreciation | (1,386,461,244) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 1,583,183,760 |
|
|
Tax Cost | $ 12,085,425,011 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 28,031,552 |
Capital loss carryforward | $ (409,173,358) |
Net unrealized appreciation (depreciation) | $ 1,583,183,980 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
|
|
2017 | $ (160,154,968) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | (407,168,397) |
No expiration |
|
Long-term | (2,004,961) |
Total capital loss carryforward | $ (409,173,358) |
The tax character of distributions paid was as follows:
| February 29, 2012 | February 28, 2011 |
Ordinary Income | $ 195,308,977 | $ 185,639,198 |
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.
Annual Report
Notes to Financial Statements - continued
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 close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is 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). This receivable and/or payable is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
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.
During the period the Fund recognized net realized gain (loss) of $17,450,299 and a change in net unrealized appreciation (depreciation) of $3,326,207 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 $1,922,711,702 and $2,023,174,933, respectively.
Securities received and delivered through unaffiliated in-kind subscriptions and redemptions totaled $163,667,295 and $1,008,858,235, respectively. Realized gain of $171,069,377 on securities delivered through unaffiliated 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. During the period the Board of Trustees approved an amendment to the management contract, effective September 1, 2011, to reduce the management fee from an annual rate of .07% to .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
Prior to September 1, 2011, FIIOC received transfer agent fees at an annual rate of .06% and .03% of average net assets for Investor and Fidelity Advantage Class, respectively. Under the expense contract, the Investor Class paid transfer agent fees at an annual rate of .03% of average net assets, 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 | $ 2,074,287 | .04 |
Fidelity Advantage Class | 631,515 | .01 |
Institutional Class | 37,283 | .03 |
Fidelity Advantage Institutional Class | 6,396 | .02 |
| $ 2,749,481 |
|
Redemptions In-Kind. During the period, 17,755,902 shares of the Fund held by affiliated entities were redeemed for cash and securities with a value of $682,536,885. The net realized gain (loss) of $393,327,878 on securities delivered through affiliated in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as Note 11: Shares Transactions. The Fund recognized no gain or loss for federal income tax purposes.
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.0 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 $33,291 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 any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $4,680,442.
Annual Report
Notes to Financial Statements - continued
9. Expense Reductions.
Effective September 8, 2011, FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. This reimbursement will remain in place through April 30, 2013.
| Expense | Reimbursement |
Institutional Class | .06% | $ 20,411 |
Fidelity Advantage Institutional Class | .045% | 7,580 |
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 $382.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 74,011,128 | $ 97,586,465 |
Fidelity Advantage Class | 90,014,851 | 75,486,167 |
Institutional Class | 6,818,791 | - |
Fidelity Advantage Institutional Class | 2,620,049 | - |
Class F | 21,844,158 | 6,761,914 |
Total | $ 195,308,977 | $ 179,834,546 |
From net realized gain |
|
|
Investor Class | $ - | $ 3,374,672 |
Fidelity Advantage Class | - | 2,380,648 |
Class F | - | 49,332 |
Total | $ - | $ 5,804,652 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 37,550,760 | 45,341,120 | $ 1,388,868,676 | $ 1,545,271,706 |
Reinvestment of distributions | 2,008,028 | 2,771,120 | 71,680,307 | 98,744,181 |
Shares redeemed | (117,221,767) B | (54,866,527) | (4,390,559,721) B | (1,881,537,887) |
Net increase (decrease) | (77,662,979) | (6,754,287) | $ (2,930,010,738) | $ (237,522,000) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 52,795,658 | 35,056,659 | $ 2,007,116,846 | $ 1,218,401,959 |
Reinvestment of distributions | 2,192,081 | 1,879,344 | 77,894,521 | 67,004,512 |
Shares redeemed | (21,435,179) | (24,186,728) | (789,876,393) | (811,279,711) |
Net increase (decrease) | 33,552,560 | 12,749,275 | $ 1,295,134,974 | $ 474,126,760 |
Institutional Class |
|
|
|
|
Shares sold | 17,993,180 | - | $ 649,476,736 | $ - |
Reinvestment of distributions | 194,656 | - | 6,818,791 | - |
Shares redeemed | (654,011) | - | (24,602,098) | - |
Net increase (decrease) | 17,533,825 | - | $ 631,693,429 | $ - |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 4,871,455 | - | $ 179,033,674 | $ - |
Reinvestment of distributions | 74,794 | - | 2,620,049 | - |
Shares redeemed | (148,799) | - | (5,550,895) | - |
Net increase (decrease) | 4,797,450 | - | $ 176,102,828 | $ - |
Class F |
|
|
|
|
Shares sold | 22,439,089 | 19,381,678 | $ 826,126,384 | $ 675,778,550 |
Reinvestment of distributions | 617,949 | 189,593 | 21,844,158 | 6,811,246 |
Shares redeemed | (4,602,865) | (2,465,258) | (170,247,844) | (85,793,982) |
Net increase (decrease) | 18,454,173 | 17,106,013 | $ 677,722,698 | $ 596,795,814 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions (see Note 6: Redemptions In-Kind).
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 actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2011 to February 29, 2012) for Investor Class and Fidelity Advantage Class and for the entire period (September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class. The hypothetical expense example is based on an investment of $1,000 invested for the one-half year period (September 1, 2011 to February 29, 2012).
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 | $ 1,130.40 | $ .53 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.37 | $ .50 C |
Fidelity Advantage Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,130.30 | $ .37 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,169.90 | $ .31 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
Spartan International Index |
|
|
|
|
Investor Class | .11%* |
|
|
|
Actual |
| $ 1,000.00 | $ 1,036.80 | $ .56 B* |
HypotheticalA |
| $ 1,000.00 | $ 1,024.32 | $ .55 C* |
Fidelity Advantage Class | .08%* |
|
|
|
Actual |
| $ 1,000.00 | $ 1,037.30 | $ .41 B* |
HypotheticalA |
| $ 1,000.00 | $ 1,024.47 | $ .40 C* |
Institutional Class | .07% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,094.40 | $ .35 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
| Annualized | Beginning | Ending | Expenses Paid |
Fidelity Advantage Institutional Class | .06% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,094.50 | $ .30 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
A 5% return per year before expenses
B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period) for Investor Class and Fidelity Advantage Class and multiplied by 175/366 (to reflect the period September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class.
C Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).
* If changes to the expense limitations, effective February 1, 2012, had been in effect during the entire period, the annualized expense ratio and the expenses paid in the actual and hypothetical examples above would have been as follows:
| Annualized | Expenses Paid |
Spartan International Index |
|
|
Investor Class | .20% |
|
Actual |
| $ 1.01 |
HypotheticalA |
| $ 1.01 |
Fidelity Advantage Class | .12% |
|
Actual |
| $ .61 |
HypotheticalA |
| $ .60 |
A 5% return per year before expenses
Annual Report
Spartan Extended Market Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan Extended Market Index Fund - Fidelity Advantage Institutional ClassA | 1.78% | 3.60% | 8.48% |
A The initial offering of Fidelity Advantage Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan® Extended Market Index Fund - Fidelity Advantage Institutional Class on on February 28, 2002. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market Index performed over the same period. The initial offering of Fidelity Advantage Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Fidelity Advantage Institutional Class.
Annual Report
Spartan Extended Market Index Fund
Management's Discussion of Fund Performance
Market Recap: U.S. stocks rose for the 12 months ending February 29, 2012, as encouraging economic news sparked a strong late-period rally that lifted major equity benchmarks past a number of significant milestones. Stocks recovered from early-period uncertainty that followed the March 2011 earthquake, tsunami and nuclear meltdown in Japan, but plummeted during the summer amid Europe's debt woes and a historic U.S. credit-rating downgrade. Despite continued volatility and mixed economic news, markets began to recover in early October. Investors gravitated toward defensive sectors and the perceived safety of larger, more-established and dividend-paying names, helping the Dow Jones® Industrial Average advance 8.83%, and close above the psychologically important 13,000 mark in late February - for the first time since May 2008. The rally accelerated late in the period and the market broadened, as investor confidence improved amid encouraging manufacturing, housing and employment data, and signs of progress in Europe. For the year, the S&P 500® Index added 5.12%, closing near a four-year high on the period's second-to-last day. The technology-laden Nasdaq Composite® Index added 7.73%, flirting with the 3,000 mark, its highest level in 12 years. Foreign developed-markets stocks reeled over Europe's turmoil, and the MSCI® EAFE® (Europe, Australasia, Far East) Index fell 7.35%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Extended Market Index Fund: For the 12 months ending February 29, 2012, the fund's Fidelity Advantage® Institutional Class shares returned 1.78%, in line with the 1.80% return of the Dow Jones U.S. Completion Total Stock Market IndexSM. The strongest-performing sector in the Dow Jones index was consumer staples, which gained 20%. No other sector turned in a double-digit gain during the past year. Health care stocks added roughly 9%, however, while consumer discretionary, led by the retailing industry, rose 9%. The weakest-performing groups in the benchmark were energy, telecommunication services and information technology, which lost 6%, 4% and 4%, respectively. Financials - at 20%, the largest allocation in the benchmark - declined 1% during the year. The leading individual contributor was Pharmasset, a biotechnology firm that was acquired in January for a substantial premium by Gilead Sciences and saw its share price soar by more than 400%. Several other drugmakers, including Alexion Pharmaceuticals and Regeneron Pharmaceuticals, also added value. A better-than-expected sales forecast in late January helped boost the stock of computer disk-drive maker Seagate Technology, which is based in California but whose shares are listed in Ireland. Petrohawk Energy enjoyed strong performance after the independent oil and gas producer agreed to be acquired in July by BHP Billiton. The transaction closed in August. Other helpful stocks included casino gaming operator Las Vegas Sands and discount retailer Dollar Tree. The biggest detractor was automaker General Motors, whose shares drifted lower for most of the past year and lost about 22% for the full period. NII Holdings, a provider of business-oriented mobile communication services, also declined. Arch Coal, the second-largest U.S. coal producer, saw the value of its shares lose substantial ground, as did Walter Energy, which produces coal used in steelmaking. Walter's shares dropped 30% in a single August day after the company issued a disappointing financial report. Biotechnology company Dendreon struggled last August, as lower-than-expected sales projections for its Provenge® prostate cancer drug caused its stock to lose about two-thirds of its value in one day. Another biotech company, Human Genome Sciences, did poorly, as did independent oil and gas producer Ultra Petroleum.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Las Vegas Sands Corp. | 0.8 | 0.9 |
Annaly Capital Management, Inc. | 0.6 | 0.6 |
Alexion Pharmaceuticals, Inc. | 0.6 | 0.4 |
General Motors Co. | 0.5 | 0.5 |
LyondellBasell Industries NV | 0.5 | 0.5 |
Liberty Global, Inc. Class A | 0.5 | 0.4 |
Crown Castle International Corp. | 0.5 | 0.4 |
Concho Resources, Inc. | 0.4 | 0.3 |
Liberty Media Corp. Interactive Series A | 0.4 | 0.4 |
Seagate Technology | 0.4 | 0.2 |
| 5.2 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Financials | 20.3 | 20.0 |
Consumer Discretionary | 15.8 | 15.4 |
Information Technology | 15.7 | 14.8 |
Industrials | 14.5 | 13.5 |
Health Care | 10.8 | 11.2 |
Energy | 6.7 | 6.8 |
Materials | 6.3 | 7.4 |
Consumer Staples | 3.6 | 3.9 |
Utilities | 3.6 | 4.1 |
Telecommunication Services | 1.5 | 1.6 |
Annual Report
Spartan Extended Market Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 15.8% | |||
Auto Components - 0.9% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 135,947 | $ 1,548,436 | |
Amerigon, Inc. (a)(d) | 46,251 | 680,815 | |
Cooper Tire & Rubber Co. | 128,879 | 2,139,391 | |
Dana Holding Corp. (d) | 323,993 | 5,183,888 | |
Dorman Products, Inc. (a)(d) | 39,530 | 1,795,057 | |
Drew Industries, Inc. (a)(d) | 41,042 | 1,124,551 | |
Exide Technologies (a)(d) | 164,351 | 488,122 | |
Federal-Mogul Corp. Class A (a) | 53,049 | 912,973 | |
Fuel Systems Solutions, Inc. (a)(d) | 31,837 | 824,578 | |
Gentex Corp. | 324,110 | 7,665,202 | |
Lear Corp. | 243,235 | 10,996,654 | |
Modine Manufacturing Co. (a)(d) | 95,885 | 870,636 | |
Motorcar Parts of America, Inc. (a) | 21,986 | 181,385 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 23,585 | 21,816 | |
Shiloh Industries, Inc. | 9,407 | 84,663 | |
Spartan Motors, Inc. | 62,902 | 359,170 | |
Standard Motor Products, Inc. | 45,399 | 1,031,465 | |
Stoneridge, Inc. (a)(d) | 56,122 | 542,700 | |
Strattec Security Corp. | 3,361 | 76,530 | |
Superior Industries International, Inc. | 55,337 | 1,000,493 | |
Tenneco, Inc. (a)(d) | 138,639 | 5,337,602 | |
Tower International, Inc. (a) | 17,465 | 222,504 | |
TRW Automotive Holdings Corp. (a) | 223,364 | 10,216,669 | |
UQM Technologies, Inc. (a)(d) | 78,497 | 125,595 | |
Visteon Corp. (a) | 108,180 | 5,811,430 | |
Williams Controls, Inc. | 595 | 6,545 | |
| 59,248,870 | ||
Automobiles - 0.7% | |||
General Motors Co. (a)(d) | 1,314,333 | 34,198,945 | |
Tesla Motors, Inc. (a)(d) | 139,402 | 4,657,421 | |
Thor Industries, Inc. | 98,033 | 3,192,935 | |
Winnebago Industries, Inc. (a)(d) | 65,223 | 581,789 | |
| 42,631,090 | ||
Distributors - 0.2% | |||
Amcon Distributing Co. | 1,240 | 75,404 | |
Core-Mark Holding Co., Inc. | 32,914 | 1,319,193 | |
LKQ Corp. (a) | 322,001 | 10,258,952 | |
Pool Corp. | 102,163 | 3,718,733 | |
VOXX International Corp. (a) | 46,223 | 591,192 | |
Weyco Group, Inc. | 16,952 | 395,660 | |
| 16,359,134 | ||
Diversified Consumer Services - 0.8% | |||
American Public Education, Inc. (a)(d) | 36,701 | 1,437,211 | |
Archipelago Learning, Inc. (a) | 20,009 | 182,882 | |
Ascent Capital Group, Inc. (a) | 34,050 | 1,676,622 | |
Bridgepoint Education, Inc. (a)(d) | 51,097 | 1,244,723 | |
Cambium Learning Group, Inc. (a) | 16,192 | 46,633 | |
Capella Education Co. (a)(d) | 34,672 | 1,345,274 | |
| |||
Shares | Value | ||
Career Education Corp. (a) | 131,088 | $ 1,129,979 | |
Carriage Services, Inc. | 46,364 | 277,720 | |
Coinstar, Inc. (a)(d) | 63,782 | 3,714,026 | |
Collectors Universe, Inc. | 11,575 | 176,519 | |
Corinthian Colleges, Inc. (a)(d) | 178,249 | 800,338 | |
Education Management Corp. (a)(d) | 67,509 | 1,219,888 | |
Grand Canyon Education, Inc. (a) | 69,388 | 1,187,229 | |
Hillenbrand, Inc. | 129,162 | 2,966,851 | |
ITT Educational Services, Inc. (a)(d) | 68,677 | 4,713,989 | |
K12, Inc. (a)(d) | 73,729 | 1,589,597 | |
Learning Tree International, Inc. (a) | 12,160 | 70,406 | |
Lincoln Educational Services Corp. | 64,172 | 542,895 | |
Mac-Gray Corp. | 24,030 | 334,978 | |
Matthews International Corp. Class A | 61,846 | 1,918,463 | |
National American University Holdings, Inc. | 23,237 | 160,568 | |
Princeton Review, Inc. (a) | 51,537 | 5,679 | |
Regis Corp. (d) | 123,784 | 2,142,701 | |
School Specialty, Inc. (a)(d) | 77,127 | 246,806 | |
Service Corp. International | 566,489 | 6,423,985 | |
Sotheby's Class A (Ltd. vtg.) | 149,347 | 5,875,311 | |
Steiner Leisure Ltd. (a)(d) | 28,854 | 1,443,854 | |
Stewart Enterprises, Inc. Class A (d) | 172,890 | 1,075,376 | |
Strayer Education, Inc. (d) | 28,052 | 2,886,411 | |
Universal Technical Institute, Inc. | 48,727 | 632,964 | |
Weight Watchers International, Inc. (d) | 76,068 | 5,931,783 | |
| 53,401,661 | ||
Hotels, Restaurants & Leisure - 2.9% | |||
AFC Enterprises, Inc. (a) | 62,034 | 991,924 | |
Ambassadors Group, Inc. | 48,627 | 256,264 | |
Ameristar Casinos, Inc. | 66,568 | 1,320,709 | |
ARK Restaurants Corp. | 8,457 | 135,989 | |
Bally Technologies, Inc. (a) | 110,933 | 4,763,463 | |
Benihana, Inc. | 25,213 | 261,963 | |
Biglari Holdings, Inc. (a) | 2,643 | 1,084,978 | |
BJ's Restaurants, Inc. (a)(d) | 47,376 | 2,352,218 | |
Bluegreen Corp. (a) | 50,251 | 157,788 | |
Bob Evans Farms, Inc. | 62,735 | 2,308,648 | |
Boyd Gaming Corp. (a)(d) | 125,273 | 1,003,437 | |
Bravo Brio Restaurant Group, Inc. (a) | 36,917 | 711,760 | |
Brinker International, Inc. | 201,511 | 5,559,688 | |
Buffalo Wild Wings, Inc. (a)(d) | 36,784 | 3,181,448 | |
Caesars Entertainment Corp. | 3,080 | 34,866 | |
Caribou Coffee Co., Inc. (a) | 44,167 | 732,289 | |
Carrols Restaurant Group, Inc. (a) | 26,041 | 309,367 | |
CEC Entertainment, Inc. | 45,289 | 1,728,228 | |
Century Casinos, Inc. (a) | 54,140 | 151,592 | |
Choice Hotels International, Inc. | 85,796 | 3,223,356 | |
Churchill Downs, Inc. | 30,186 | 1,575,709 | |
Cosi, Inc. (a) | 62,262 | 64,752 | |
Cracker Barrel Old Country Store, Inc. (d) | 47,523 | 2,645,605 | |
Denny's Corp. (a) | 205,362 | 852,252 | |
DineEquity, Inc. (a) | 33,089 | 1,766,291 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Domino's Pizza, Inc. (a)(d) | 119,639 | $ 4,601,316 | |
Dover Downs Gaming & Entertainment, Inc. | 28,631 | 68,714 | |
Dover Motorsports, Inc. (a) | 22,686 | 29,946 | |
Dunkin' Brands Group, Inc. (a)(d) | 108,268 | 3,144,103 | |
Einstein Noah Restaurant Group, Inc. | 15,164 | 212,751 | |
Empire Resorts, Inc. (a)(d) | 26,500 | 77,380 | |
Famous Dave's of America, Inc. (a)(d) | 15,087 | 164,750 | |
Frisch's Restaurants, Inc. | 6,534 | 151,327 | |
Full House Resorts, Inc. (a) | 24,413 | 78,122 | |
Gaming Partners International Corp. | 1,584 | 10,835 | |
Gaylord Entertainment Co. (a)(d) | 100,130 | 2,979,869 | |
Granite City Food & Brewery Ltd. (a) | 2,301 | 4,947 | |
Great Wolf Resorts, Inc. (a) | 92,779 | 375,755 | |
Hyatt Hotels Corp. Class A (a) | 98,806 | 4,091,556 | |
International Speedway Corp. Class A (d) | 76,829 | 1,933,018 | |
Interval Leisure Group, Inc. (a) | 81,140 | 1,094,579 | |
Isle of Capri Casinos, Inc. (a) | 59,329 | 376,739 | |
J. Alexanders Corp. (a) | 2,338 | 15,875 | |
Jack in the Box, Inc. (a)(d) | 113,324 | 2,702,777 | |
Jamba, Inc. (a) | 125,986 | 267,090 | |
Kona Grill, Inc. (a) | 5,707 | 30,704 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 115,091 | 941,444 | |
Lakes Entertainment, Inc. (a) | 51,180 | 100,313 | |
Las Vegas Sands Corp. | 876,347 | 48,733,617 | |
Life Time Fitness, Inc. (a)(d) | 96,201 | 4,759,063 | |
Luby's, Inc. (a)(d) | 29,797 | 147,793 | |
Marcus Corp. | 44,387 | 534,863 | |
Marriott Vacations Worldwide Corp. | 60,000 | 1,495,800 | |
MAXXAM, Inc. (a) | 8 | 4,600 | |
MGM Mirage, Inc. (a)(d) | 698,151 | 9,613,539 | |
Monarch Casino & Resort, Inc. (a) | 27,436 | 287,529 | |
Morgans Hotel Group Co. (a) | 89,969 | 461,541 | |
MTR Gaming Group, Inc. (a) | 26,173 | 93,961 | |
Multimedia Games Holdng Co., Inc. (a)(d) | 53,167 | 543,898 | |
Nathan's Famous, Inc. (a) | 7,826 | 164,268 | |
O'Charleys, Inc. (a)(d) | 49,235 | 487,919 | |
Orient Express Hotels Ltd. Class A (a) | 221,316 | 2,188,815 | |
P.F. Chang's China Bistro, Inc. | 45,904 | 1,759,041 | |
Panera Bread Co. Class A (a)(d) | 67,694 | 10,464,139 | |
Papa John's International, Inc. (a) | 49,000 | 1,820,840 | |
Peet's Coffee & Tea, Inc. (a)(d) | 26,821 | 1,727,004 | |
Penn National Gaming, Inc. (a) | 146,653 | 6,240,085 | |
Pinnacle Entertainment, Inc. (a)(d) | 126,335 | 1,390,948 | |
Premier Exhibitions, Inc. (a) | 33,161 | 81,244 | |
Red Lion Hotels Corp. (a) | 38,228 | 293,973 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 34,870 | 1,199,877 | |
Rick's Cabaret International, Inc. (a) | 17,933 | 168,570 | |
Royal Caribbean Cruises Ltd. | 317,008 | 9,031,558 | |
Ruby Tuesday, Inc. (a)(d) | 132,312 | 1,029,387 | |
| |||
Shares | Value | ||
Ruth's Hospitality Group, Inc. (a)(d) | 60,328 | $ 375,843 | |
Scientific Games Corp. Class A (a) | 141,504 | 1,487,207 | |
Shuffle Master, Inc. (a) | 141,090 | 2,059,914 | |
Six Flags Entertainment Corp. | 117,183 | 5,303,703 | |
Sonic Corp. (a) | 125,987 | 1,040,653 | |
Speedway Motorsports, Inc. | 32,940 | 511,229 | |
Texas Roadhouse, Inc. Class A | 125,535 | 2,100,201 | |
The Cheesecake Factory, Inc. (a)(d) | 120,135 | 3,560,801 | |
Town Sports International Holdings, Inc. (a) | 44,383 | 457,145 | |
Vail Resorts, Inc. (d) | 74,950 | 3,155,395 | |
Wendy's Co. | 790,452 | 4,007,592 | |
WMS Industries, Inc. (a) | 121,192 | 2,669,860 | |
| 192,081,909 | ||
Household Durables - 1.4% | |||
Acme United Corp. | 1,357 | 13,638 | |
American Greetings Corp. Class A (d) | 80,329 | 1,204,935 | |
Bassett Furniture Industries, Inc. | 26,134 | 216,912 | |
Beazer Homes USA, Inc. (a)(d) | 246,893 | 770,306 | |
Blyth, Inc. (d) | 14,069 | 897,602 | |
Brookfield Residential Properties, Inc. (a) | 75,898 | 791,459 | |
Cavco Industries, Inc. (a)(d) | 15,629 | 704,712 | |
Cobra Electronics Corp. (a) | 1,132 | 4,981 | |
CSS Industries, Inc. | 25,514 | 500,074 | |
Dixie Group, Inc. (a) | 9,546 | 40,857 | |
Emerson Radio Corp. (a) | 23,345 | 47,390 | |
Ethan Allen Interiors, Inc. | 57,544 | 1,452,986 | |
Flexsteel Industries, Inc. | 10,672 | 182,491 | |
Furniture Brands International, Inc. (a) | 96,407 | 154,251 | |
Garmin Ltd. | 290,543 | 13,710,724 | |
Helen of Troy Ltd. (a)(d) | 67,636 | 2,198,170 | |
Hooker Furniture Corp. | 26,465 | 317,845 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 247,404 | 685,309 | |
iRobot Corp. (a)(d) | 54,497 | 1,390,763 | |
Jarden Corp. (d) | 194,363 | 6,855,183 | |
KB Home (d) | 152,280 | 1,739,038 | |
Kid Brands, Inc. (a) | 42,456 | 126,943 | |
Koss Corp. | 1,389 | 7,737 | |
La-Z-Boy, Inc. (a)(d) | 105,228 | 1,503,708 | |
Libbey, Inc. (a)(d) | 43,749 | 549,050 | |
Lifetime Brands, Inc. | 17,993 | 210,158 | |
M.D.C. Holdings, Inc. | 74,982 | 1,843,058 | |
M/I Homes, Inc. (a)(d) | 38,453 | 465,666 | |
Meritage Homes Corp. (a)(d) | 60,196 | 1,558,474 | |
Mohawk Industries, Inc. (a) | 116,951 | 7,427,558 | |
NVR, Inc. (a)(d) | 11,951 | 8,270,092 | |
Ryland Group, Inc. (d) | 90,616 | 1,642,868 | |
Sealy Corp., Inc. (a)(d) | 239,859 | 412,557 | |
Skullcandy, Inc. (a)(d) | 35,352 | 499,170 | |
Skyline Corp. | 14,802 | 119,156 | |
Standard Pacific Corp. (a)(d) | 220,810 | 967,148 | |
Stanley Furniture Co., Inc. (a) | 37,789 | 127,727 | |
Tempur-Pedic International, Inc. (a)(d) | 147,018 | 11,614,422 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Toll Brothers, Inc. (a)(d) | 316,787 | $ 7,431,823 | |
Tupperware Brands Corp. | 140,226 | 8,790,768 | |
Universal Electronics, Inc. (a)(d) | 28,987 | 566,986 | |
Wells-Gardner Electronics Corp. | 4,238 | 8,942 | |
Zagg, Inc. (a)(d) | 58,700 | 616,350 | |
| 88,639,987 | ||
Internet & Catalog Retail - 0.6% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 102,656 | 280,251 | |
Bidz.com, Inc. (a)(d) | 10,552 | 6,175 | |
Blue Nile, Inc. (a)(d) | 47,342 | 1,687,742 | |
dELiA*s, Inc. (a) | 42,494 | 45,044 | |
Gaiam, Inc. Class A (a) | 35,599 | 128,868 | |
Geeknet, Inc. (a) | 13,604 | 197,394 | |
Groupon, Inc. Class A (a)(d) | 83,910 | 1,654,286 | |
Hollywood Media Corp. (a) | 72,242 | 80,189 | |
HomeAway, Inc. (d) | 65,284 | 1,728,720 | |
HSN, Inc. | 102,794 | 3,819,825 | |
Liberty Media Corp. Interactive | 1,328,328 | 24,919,433 | |
NutriSystem, Inc. (d) | 57,407 | 646,977 | |
Orbitz Worldwide, Inc. (a)(d) | 57,753 | 207,333 | |
Overstock.com, Inc. (a)(d) | 32,352 | 205,759 | |
PetMed Express, Inc. (d) | 45,901 | 559,074 | |
Shutterfly, Inc. (a)(d) | 62,294 | 1,704,364 | |
U.S. Auto Parts Network, Inc. (a) | 28,450 | 137,983 | |
ValueVision Media, Inc. Class A (a)(d) | 73,905 | 127,117 | |
Vitacost.com, Inc. (a) | 45,174 | 367,265 | |
| 38,503,799 | ||
Leisure Equipment & Products - 0.3% | |||
Adams Golf, Inc. (a) | 7,181 | 64,629 | |
Arctic Cat, Inc. (a) | 27,483 | 1,010,825 | |
Black Diamond, Inc. (a) | 55,844 | 462,388 | |
Brunswick Corp. | 184,231 | 4,404,963 | |
Callaway Golf Co. | 135,531 | 887,728 | |
Cybex International, Inc. (a) | 14,718 | 33,410 | |
Escalade, Inc. | 6,336 | 30,476 | |
JAKKS Pacific, Inc. (d) | 58,677 | 911,254 | |
Johnson Outdoors, Inc. Class A (a) | 10,627 | 174,708 | |
Leapfrog Enterprises, Inc. Class A (a) | 86,806 | 610,246 | |
Marine Products Corp. | 22,297 | 138,687 | |
Meade Instruments Corp. (a) | 201 | 665 | |
Nautilus, Inc. (a) | 58,853 | 163,611 | |
Polaris Industries, Inc. | 138,977 | 9,180,821 | |
Smith & Wesson Holding Corp. (a) | 147,064 | 769,145 | |
Steinway Musical Instruments, Inc. (a) | 16,626 | 414,985 | |
Sturm, Ruger & Co., Inc. | 42,768 | 1,786,847 | |
Summer Infant, Inc. (a) | 37,416 | 224,122 | |
| 21,269,510 | ||
Media - 2.7% | |||
A.H. Belo Corp. Class A | 41,273 | 194,809 | |
| |||
Shares | Value | ||
AMC Networks, Inc. Class A | 146,257 | $ 6,638,605 | |
Arbitron, Inc. (d) | 60,109 | 2,010,045 | |
Ballantyne of Omaha, Inc. (a) | 47,765 | 234,526 | |
Beasley Broadcast Group, Inc. | 4,117 | 15,974 | |
Belo Corp. Series A | 191,951 | 1,376,289 | |
Carmike Cinemas, Inc. (a)(d) | 27,922 | 210,253 | |
Charter Communications, Inc. Class A (a) | 86,214 | 5,466,830 | |
Cinemark Holdings, Inc. | 204,798 | 4,284,374 | |
Clear Channel Outdoor Holding, Inc. Class A | 90,270 | 1,194,272 | |
Crown Media Holdings, Inc. Class A (a)(d) | 75,322 | 96,412 | |
Cumulus Media, Inc. Class A (a)(d) | 58,225 | 200,294 | |
Dex One Corp. (a) | 102,416 | 179,228 | |
DialGlobal, Inc. (a) | 878 | 2,151 | |
Digital Domain Media Group, Inc. | 990 | 5,554 | |
Digital Generation, Inc. (a)(d) | 53,751 | 537,510 | |
DISH Network Corp. Class A | 452,994 | 13,213,835 | |
DreamWorks Animation SKG, Inc. | 140,351 | 2,422,458 | |
E.W. Scripps Co. Class A (a) | 90,471 | 861,284 | |
Emmis Communications Corp. | 80,456 | 58,733 | |
Entercom Communications Corp. | 52,600 | 368,200 | |
Entravision Communication Corp. | 99,974 | 165,957 | |
Fisher Communications, Inc. (a) | 18,212 | 522,138 | |
Gray Television, Inc. (a)(d) | 114,472 | 235,812 | |
Harris Interactive, Inc. (a) | 49,977 | 43,480 | |
Harte-Hanks, Inc. | 85,794 | 749,840 | |
Insignia Systems, Inc. | 22,896 | 48,997 | |
John Wiley & Sons, Inc. Class A (d) | 110,077 | 4,997,496 | |
Journal Communications, Inc. Class A (a) | 87,795 | 417,026 | |
Knology, Inc. (a) | 97,890 | 1,745,379 | |
Lamar Advertising Co. Class A (a)(d) | 131,584 | 4,302,797 | |
Liberty Global, Inc. Class A (a)(d) | 602,873 | 30,252,167 | |
Liberty Media Corp. Capital Series A (a) | 252,719 | 22,716,911 | |
LIN TV Corp. Class A (a) | 76,893 | 316,799 | |
Live Nation Entertainment, Inc. (a)(d) | 346,898 | 3,233,089 | |
LodgeNet Entertainment Corp. (a)(d) | 59,818 | 203,979 | |
Madison Square Garden Co. Class A (a) | 122,099 | 3,888,853 | |
Martha Stewart Living Omnimedia, Inc. Class A | 61,948 | 278,766 | |
Media General, Inc. Class A (a)(d) | 25,434 | 143,702 | |
Meredith Corp. (d) | 74,098 | 2,437,824 | |
Morningstar, Inc. | 54,467 | 3,260,939 | |
National CineMedia, Inc. | 112,174 | 1,784,688 | |
Navarre Corp. (a) | 74,677 | 126,951 | |
New Frontier Media, Inc. (a) | 50,060 | 61,574 | |
Nexstar Broadcasting Group, Inc. | 51,855 | 427,804 | |
NTN Communications, Inc. (a) | 49,847 | 11,714 | |
Outdoor Channel Holdings, Inc. | 43,232 | 304,786 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Pandora Media, Inc. (d) | 156,282 | $ 2,041,043 | |
Point.360 (a) | 2,433 | 1,996 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 89,989 | 86,389 | |
ReachLocal, Inc. (a)(d) | 38,350 | 299,130 | |
Reading International, Inc. Class A (a) | 24,625 | 111,798 | |
Regal Entertainment Group Class A | 219,584 | 3,034,651 | |
Rentrak Corp. (a)(d) | 20,726 | 430,686 | |
Saga Communications, Inc. Class A (a) | 4,466 | 167,564 | |
Salem Communications Corp. Class A (a) | 11,570 | 30,429 | |
Scholastic Corp. | 51,450 | 1,572,827 | |
Sinclair Broadcast Group, Inc. Class A | 104,583 | 1,194,338 | |
Sirius XM Radio, Inc. (a)(d) | 8,621,158 | 19,483,817 | |
Spanish Broadcasting System, Inc. | 17,489 | 76,252 | |
SPAR Group, Inc. (a) | 4,346 | 5,041 | |
SuperMedia, Inc. (a)(d) | 54,054 | 154,054 | |
The McClatchy Co. Class A (a)(d) | 133,924 | 340,167 | |
The New York Times Co. Class A (a) | 262,449 | 1,729,539 | |
Valassis Communications, Inc. (a)(d) | 103,593 | 2,587,753 | |
Value Line, Inc. | 1,396 | 16,012 | |
Virgin Media, Inc. | 667,212 | 16,813,742 | |
World Wrestling Entertainment, Inc. | 81,907 | 748,630 | |
| 173,176,962 | ||
Multiline Retail - 0.3% | |||
Dillard's, Inc. Class A (d) | 83,865 | 5,127,506 | |
Dollar General Corp. (a) | 275,042 | 11,568,267 | |
Duckwall-ALCO Stores, Inc. (a) | 8,410 | 70,560 | |
Fred's, Inc. Class A | 107,249 | 1,485,399 | |
Gordmans Stores, Inc. (a) | 23,635 | 358,543 | |
Saks, Inc. (a)(d) | 251,611 | 2,931,268 | |
The Bon-Ton Stores, Inc. (d) | 31,972 | 153,466 | |
Tuesday Morning Corp. (a) | 85,411 | 292,960 | |
| 21,987,969 | ||
Specialty Retail - 3.5% | |||
Aarons, Inc. Class A | 152,022 | 4,247,495 | |
Advance Auto Parts, Inc. | 160,341 | 13,688,311 | |
Aeropostale, Inc. (a) | 217,864 | 3,915,016 | |
America's Car Mart, Inc. (a) | 24,361 | 1,086,744 | |
American Eagle Outfitters, Inc. | 458,447 | 6,665,819 | |
ANN, Inc. (a) | 130,985 | 3,129,232 | |
Appliance Recycling Centers of America, Inc. (a) | 2,967 | 15,013 | |
Asbury Automotive Group, Inc. (a)(d) | 69,311 | 1,797,234 | |
Ascena Retail Group, Inc. (a) | 139,808 | 5,396,589 | |
Barnes & Noble, Inc. (a)(d) | 85,013 | 1,131,523 | |
bebe Stores, Inc. | 123,042 | 1,102,456 | |
Big 5 Sporting Goods Corp. (d) | 37,628 | 293,122 | |
Body Central Corp. (a) | 37,768 | 1,051,461 | |
Books-A-Million, Inc. (d) | 24,011 | 62,909 | |
Brown Shoe Co., Inc. | 88,876 | 958,083 | |
| |||
Shares | Value | ||
Build-A-Bear Workshop, Inc. (a) | 33,647 | $ 183,376 | |
Cabela's, Inc. Class A (a)(d) | 101,331 | 3,595,224 | |
Cache, Inc. (a) | 37,741 | 235,126 | |
Casual Male Retail Group, Inc. (a) | 107,460 | 338,499 | |
Charming Shoppes, Inc. (a) | 215,702 | 1,218,716 | |
Chico's FAS, Inc. | 371,520 | 5,576,515 | |
Christopher & Banks Corp. | 90,275 | 193,189 | |
Citi Trends, Inc. (a)(d) | 30,443 | 330,002 | |
Coldwater Creek, Inc. (a)(d) | 139,498 | 131,128 | |
Collective Brands, Inc. (a)(d) | 130,215 | 2,346,474 | |
Conn's, Inc. (a) | 51,120 | 677,851 | |
Cost Plus, Inc. (a)(d) | 34,446 | 452,620 | |
Destination Maternity Corp. | 25,288 | 454,678 | |
Dick's Sporting Goods, Inc. | 193,897 | 8,678,830 | |
Dover Saddlery, Inc. (a) | 1,537 | 7,285 | |
Dreams, Inc. (a) | 55,948 | 142,667 | |
DSW, Inc. Class A (d) | 51,084 | 2,881,138 | |
Express, Inc. (a) | 155,610 | 3,703,518 | |
Finish Line, Inc. Class A | 109,784 | 2,523,934 | |
Foot Locker, Inc. | 360,722 | 10,522,261 | |
Francescas Holdings Corp. (a) | 34,737 | 797,214 | |
Genesco, Inc. (a)(d) | 49,329 | 3,361,278 | |
GNC Holdings, Inc. | 112,665 | 3,646,966 | |
Golfsmith International Holdings, Inc. (a)(d) | 13,141 | 53,747 | |
Group 1 Automotive, Inc. | 57,507 | 2,965,636 | |
Guess?, Inc. (d) | 133,530 | 4,626,815 | |
Hastings Entertainment, Inc. (a)(d) | 13,630 | 24,670 | |
Haverty Furniture Companies, Inc. | 46,862 | 515,482 | |
hhgregg, Inc. (a)(d) | 46,801 | 534,935 | |
Hibbett Sports, Inc. (a)(d) | 68,612 | 3,358,557 | |
Hot Topic, Inc. (d) | 93,449 | 833,565 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 56,221 | 2,894,819 | |
Kirkland's, Inc. (a) | 44,730 | 713,444 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 45,718 | 1,079,402 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 47,662 | 1,043,321 | |
MarineMax, Inc. (a) | 45,781 | 369,910 | |
Mattress Firm Holding Corp. (d) | 20,300 | 674,772 | |
Midas, Inc. (a) | 29,295 | 267,463 | |
Monro Muffler Brake, Inc. | 67,324 | 3,088,152 | |
New York & Co., Inc. (a) | 66,787 | 174,314 | |
Office Depot, Inc. (a)(d) | 575,112 | 1,897,870 | |
OfficeMax, Inc. (a)(d) | 175,591 | 983,310 | |
Pacific Sunwear of California, Inc. (a)(d) | 134,412 | 282,265 | |
Penske Automotive Group, Inc. | 94,060 | 2,264,965 | |
Perfumania Holdings, Inc. (a) | 1,076 | 10,771 | |
PetSmart, Inc. | 246,522 | 13,741,136 | |
Pier 1 Imports, Inc. (a)(d) | 262,190 | 4,501,802 | |
RadioShack Corp. | 214,393 | 1,520,046 | |
Rent-A-Center, Inc. (d) | 149,130 | 5,282,185 | |
rue21, Inc. (a) | 31,869 | 850,265 | |
Sally Beauty Holdings, Inc. (a) | 313,293 | 7,456,373 | |
Select Comfort Corp. (a)(d) | 147,357 | 4,360,294 | |
Shoe Carnival, Inc. (a) | 18,743 | 490,692 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Signet Jewelers Ltd. | 185,683 | $ 8,708,533 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (d) | 74,200 | 1,271,046 | |
Stage Stores, Inc. | 76,001 | 1,136,215 | |
Stein Mart, Inc. (a) | 56,330 | 403,886 | |
Systemax, Inc. (a)(d) | 20,254 | 390,902 | |
Talbots, Inc. (a) | 132,452 | 392,058 | |
Tandy Leather Factory, Inc. | 3,074 | 15,985 | |
Teavana Holdings, Inc. (a)(d) | 44,153 | 1,035,388 | |
The Buckle, Inc. (d) | 56,089 | 2,519,518 | |
The Cato Corp. Class A (sub. vtg.) | 57,708 | 1,564,464 | |
The Children's Place Retail Stores, Inc. (a)(d) | 57,906 | 2,938,730 | |
The Men's Wearhouse, Inc. | 108,987 | 4,221,067 | |
The Pep Boys - Manny, Moe & Jack | 106,929 | 1,608,212 | |
Tractor Supply Co. | 162,517 | 13,890,328 | |
Trans World Entertainment Corp. (a) | 29,120 | 68,141 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a) | 109,676 | 9,129,430 | |
Vitamin Shoppe, Inc. (a)(d) | 57,120 | 2,423,602 | |
West Marine, Inc. (a) | 30,261 | 320,767 | |
Wet Seal, Inc. Class A (a)(d) | 251,975 | 881,913 | |
Williams-Sonoma, Inc. (d) | 228,308 | 8,812,689 | |
Winmark Corp. | 5,172 | 299,304 | |
Zale Corp. (a)(d) | 121,040 | 388,538 | |
Zumiez, Inc. (a)(d) | 53,696 | 1,687,128 | |
| 227,508,318 | ||
Textiles, Apparel & Luxury Goods - 1.5% | |||
American Apparel, Inc. (a)(d) | 61,564 | 46,789 | |
Carter's, Inc. (a)(d) | 111,014 | 5,391,950 | |
Charles & Colvard Ltd. (a) | 24,954 | 104,308 | |
Cherokee, Inc. | 28,809 | 324,677 | |
Columbia Sportswear Co. (d) | 32,192 | 1,607,347 | |
Crocs, Inc. (a) | 187,838 | 3,691,017 | |
Crown Crafts, Inc. | 2,227 | 9,442 | |
Culp, Inc. (a) | 19,568 | 204,486 | |
Deckers Outdoor Corp. (a)(d) | 80,847 | 6,044,122 | |
Delta Apparel, Inc. (a) | 17,128 | 280,728 | |
DGSE Companies, Inc. (a) | 6,929 | 54,254 | |
Forward Industries, Inc. (NY Shares) (a) | 18,823 | 54,398 | |
Fossil, Inc. (a)(d) | 120,590 | 14,709,568 | |
G-III Apparel Group Ltd. (a)(d) | 38,295 | 954,311 | |
Hallwood Group, Inc. (a) | 360 | 4,428 | |
Hanesbrands, Inc. (a)(d) | 228,176 | 6,555,496 | |
Heelys, Inc. (a) | 58,297 | 129,419 | |
Iconix Brand Group, Inc. (a)(d) | 151,594 | 2,752,947 | |
Joe's Jeans, Inc. (a) | 112,776 | 96,423 | |
K-Swiss, Inc. Class A (a)(d) | 60,461 | 201,335 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 26,310 | 412,804 | |
Lacrosse Footwear, Inc. | 9,275 | 118,627 | |
| |||
Shares | Value | ||
Lakeland Industries, Inc. (a) | 24,260 | $ 241,387 | |
Liz Claiborne, Inc. (a)(d) | 191,172 | 1,869,662 | |
Maidenform Brands, Inc. (a) | 78,925 | 1,657,425 | |
Michael Kors Holdings Ltd. | 83,916 | 3,629,367 | |
Movado Group, Inc. | 36,887 | 789,382 | |
Oxford Industries, Inc. | 39,771 | 2,004,458 | |
Perry Ellis International, Inc. (a)(d) | 50,000 | 871,500 | |
PVH Corp. | 133,145 | 11,318,656 | |
Quiksilver, Inc. (a) | 280,211 | 1,311,387 | |
R.G. Barry Corp. | 22,932 | 320,589 | |
Rocky Brands, Inc. (a) | 16,536 | 194,298 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 83,366 | 1,064,584 | |
Steven Madden Ltd. (a)(d) | 80,605 | 3,480,524 | |
Superior Uniform Group, Inc. | 5,649 | 70,500 | |
Tandy Brands Accessories, Inc. (a) | 1,058 | 1,820 | |
The Jones Group, Inc. | 181,430 | 1,787,086 | |
True Religion Apparel, Inc. (a) | 71,106 | 1,875,065 | |
Under Armour, Inc. Class A (sub. vtg.) (a)(d) | 92,429 | 8,248,364 | |
Unifi, Inc. (a) | 45,178 | 374,526 | |
Vera Bradley, Inc. (a)(d) | 51,675 | 1,896,473 | |
Warnaco Group, Inc. (a)(d) | 104,861 | 6,156,389 | |
Wolverine World Wide, Inc. | 110,840 | 4,227,438 | |
| 97,139,756 | ||
TOTAL CONSUMER DISCRETIONARY | 1,031,948,965 | ||
CONSUMER STAPLES - 3.6% | |||
Beverages - 0.4% | |||
Boston Beer Co., Inc. Class A (a)(d) | 22,500 | 2,126,700 | |
Central European Distribution Corp. (a)(d) | 158,400 | 690,624 | |
Coca-Cola Bottling Co. CONSOLIDATED | 10,828 | 697,756 | |
Craft Brew Alliance, Inc. (a)(d) | 22,005 | 137,531 | |
Crystal Rock Holdings, Inc. (a) | 4,384 | 3,858 | |
Jones Soda Co. (a) | 42,540 | 21,270 | |
MGP Ingredients, Inc. | 21,690 | 131,008 | |
Monster Beverage Corp. (a) | 343,964 | 19,671,301 | |
National Beverage Corp. | 48,005 | 768,560 | |
Primo Water Corp. (a)(d) | 43,402 | 115,449 | |
| 24,364,057 | ||
Food & Staples Retailing - 0.4% | |||
Andersons, Inc. | 39,242 | 1,690,938 | |
Arden Group, Inc. Class A | 2,566 | 229,760 | |
Casey's General Stores, Inc. | 78,597 | 4,026,524 | |
Chefs' Warehouse Holdings (a) | 27,477 | 577,017 | |
Crumbs Bake Shop, Inc. (a) | 21,400 | 80,464 | |
Fresh Market, Inc. (a)(d) | 63,325 | 2,850,892 | |
Ingles Markets, Inc. Class A | 32,319 | 577,541 | |
Nash-Finch Co. | 33,766 | 905,266 | |
PriceSmart, Inc. | 37,160 | 2,401,651 | |
Rite Aid Corp. (a)(d) | 1,339,058 | 2,062,149 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food & Staples Retailing - continued | |||
Roundy's, Inc. | 38,156 | $ 381,560 | |
Ruddick Corp. | 91,474 | 3,746,775 | |
Spartan Stores, Inc. | 47,038 | 839,158 | |
Susser Holdings Corp. (a)(d) | 42,317 | 1,072,313 | |
The Pantry, Inc. (a)(d) | 48,462 | 602,383 | |
United Natural Foods, Inc. (a)(d) | 99,547 | 4,531,379 | |
Village Super Market, Inc. Class A | 10,408 | 313,177 | |
Weis Markets, Inc. | 29,832 | 1,278,600 | |
Winn-Dixie Stores, Inc. (a) | 117,587 | 1,114,725 | |
| 29,282,272 | ||
Food Products - 1.7% | |||
Alico, Inc. | 8,218 | 191,151 | |
B&G Foods, Inc. Class A | 97,603 | 2,272,198 | |
Bridgford Foods Corp. (a) | 4,789 | 41,569 | |
Bunge Ltd. | 324,121 | 21,819,826 | |
Cal-Maine Foods, Inc. (d) | 27,895 | 1,073,958 | |
Calavo Growers, Inc. | 37,834 | 1,040,435 | |
Chiquita Brands International, Inc. (a) | 92,664 | 888,648 | |
Coffee Holding Co., Inc. | 4,500 | 35,550 | |
Corn Products International, Inc. | 163,249 | 9,362,330 | |
Darling International, Inc. (a)(d) | 244,220 | 3,905,078 | |
Diamond Foods, Inc. (d) | 45,316 | 1,083,959 | |
Dole Food Co., Inc. (a)(d) | 97,530 | 934,337 | |
Farmer Brothers Co. | 16,489 | 182,533 | |
Flowers Foods, Inc. | 286,497 | 5,483,553 | |
Fresh Del Monte Produce, Inc. | 100,958 | 2,267,517 | |
Golden Enterprises Ltd. | 2,595 | 8,252 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 270,000 | 17,541,900 | |
Griffin Land & Nurseries, Inc. | 5,717 | 145,955 | |
Hain Celestial Group, Inc. (a)(d) | 96,961 | 3,959,887 | |
Imperial Sugar Co. | 28,869 | 165,997 | |
Inventure Foods, Inc. (a) | 25,815 | 105,067 | |
J&J Snack Foods Corp. | 28,888 | 1,449,311 | |
John B. Sanfilippo & Son, Inc. (a) | 23,941 | 256,169 | |
Lancaster Colony Corp. | 51,289 | 3,342,504 | |
Lifeway Foods, Inc. (a)(d) | 13,382 | 121,776 | |
Limoneira Co. (d) | 16,924 | 310,386 | |
Omega Protein Corp. (a) | 45,997 | 379,935 | |
Overhill Farms, Inc. (a) | 28,537 | 123,565 | |
Pilgrims Pride Corp. (d) | 79,596 | 499,067 | |
Pilgrims Pride Corp. rights 3/1/12 (a) | 100,398 | 36,820 | |
Post Holdings, Inc. (a) | 61,641 | 1,919,501 | |
Ralcorp Holdings, Inc. (a) | 131,280 | 9,793,488 | |
Sanderson Farms, Inc. (d) | 42,833 | 2,107,384 | |
Seneca Foods Corp. Class A (a) | 21,181 | 542,657 | |
Smart Balance, Inc. (a) | 144,048 | 862,848 | |
Smithfield Foods, Inc. (a)(d) | 358,972 | 8,410,714 | |
Snyders-Lance, Inc. | 143,901 | 3,230,577 | |
| |||
Shares | Value | ||
Tootsie Roll Industries, Inc. (d) | 69,890 | $ 1,624,943 | |
TreeHouse Foods, Inc. (a)(d) | 74,400 | 4,285,440 | |
| 111,806,785 | ||
Household Products - 0.5% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 119,241 | 1,141,136 | |
Church & Dwight Co., Inc. | 311,672 | 14,879,221 | |
Energizer Holdings, Inc. (a) | 162,669 | 12,436,045 | |
Harbinger Group, Inc. (a) | 43,619 | 198,903 | |
Ocean Bio-Chem, Inc. (a) | 20,307 | 54,829 | |
Oil-Dri Corp. of America | 15,023 | 312,328 | |
Orchids Paper Products Co. | 23,276 | 416,640 | |
Spectrum Brands Holdings, Inc. (a) | 53,363 | 1,516,576 | |
WD-40 Co. | 44,760 | 1,928,261 | |
| 32,883,939 | ||
Personal Products - 0.5% | |||
CCA Industries, Inc. | 3,083 | 15,230 | |
Cyanotech Corp. (a) | 3,808 | 30,692 | |
Elizabeth Arden, Inc. (a)(d) | 54,230 | 2,014,645 | |
Herbalife Ltd. | 263,786 | 17,465,271 | |
Inter Parfums, Inc. | 35,137 | 592,761 | |
Mannatech, Inc. (a) | 1,576 | 6,146 | |
MediFast, Inc. (a)(d) | 29,967 | 486,364 | |
Natural Alternatives International, Inc. (a) | 20,104 | 128,062 | |
Nature's Sunshine Products, Inc. (a) | 17,668 | 260,603 | |
Nu Skin Enterprises, Inc. Class A | 123,342 | 7,124,234 | |
Nutraceutical International Corp. (a) | 24,021 | 312,753 | |
Parlux Fragrances, Inc. (a) | 25,118 | 129,358 | |
Physicians Formula Holdings, Inc. (a) | 22,295 | 64,656 | |
Prestige Brands Holdings, Inc. (a) | 104,019 | 1,716,314 | |
Reliv International, Inc. | 10,690 | 14,325 | |
Revlon, Inc. (a) | 42,260 | 640,662 | |
Schiff Nutrition International, Inc. (a)(d) | 27,999 | 312,469 | |
The Female Health Co. | 46,956 | 231,024 | |
United-Guardian, Inc. | 3,431 | 55,651 | |
USANA Health Sciences, Inc. (a)(d) | 34,185 | 1,268,264 | |
| 32,869,484 | ||
Tobacco - 0.1% | |||
Alliance One International, Inc. (a)(d) | 266,461 | 983,241 | |
Star Scientific, Inc. (a)(d) | 226,518 | 849,443 | |
Universal Corp. (d) | 47,967 | 2,203,604 | |
Vector Group Ltd. (d) | 94,601 | 1,717,008 | |
| 5,753,296 | ||
TOTAL CONSUMER STAPLES | 236,959,833 | ||
ENERGY - 6.7% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 116,937 | 5,561,524 | |
Basic Energy Services, Inc. (a)(d) | 88,232 | 1,752,288 | |
Bolt Technology Corp. | 24,542 | 338,189 | |
Bristow Group, Inc. | 74,615 | 3,522,574 | |
C&J Energy Services, Inc. (d) | 22,000 | 447,040 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
Cal Dive International, Inc. (a)(d) | 192,996 | $ 559,688 | |
Carbo Ceramics, Inc. (d) | 44,330 | 4,062,845 | |
Dawson Geophysical Co. (a) | 17,762 | 673,002 | |
Dresser-Rand Group, Inc. (a)(d) | 178,338 | 9,366,312 | |
Dril-Quip, Inc. (a)(d) | 75,346 | 5,273,467 | |
Energy Services of America Corp. (a) | 9,053 | 31,323 | |
ENGlobal Corp. (a) | 44,577 | 102,527 | |
Exterran Holdings, Inc. (a)(d) | 135,098 | 1,945,411 | |
Forbes Energy Services Ltd. (a) | 10,374 | 65,460 | |
Geokinetics, Inc. (a) | 45,520 | 90,585 | |
Global Geophysical Services, Inc. (a) | 50,528 | 544,692 | |
Gulf Island Fabrication, Inc. | 30,245 | 886,481 | |
Gulfmark Offshore, Inc. Class A (a) | 58,283 | 2,928,138 | |
Helix Energy Solutions Group, Inc. (a)(d) | 217,927 | 4,192,915 | |
Hercules Offshore, Inc. (a)(d) | 315,518 | 1,602,831 | |
Hornbeck Offshore Services, Inc. (a)(d) | 66,010 | 2,689,908 | |
ION Geophysical Corp. (a)(d) | 241,453 | 1,728,803 | |
Key Energy Services, Inc. (a)(d) | 366,546 | 6,253,275 | |
Lufkin Industries, Inc. | 74,136 | 5,904,191 | |
Matrix Service Co. (a) | 71,062 | 940,861 | |
McDermott International, Inc. (a) | 495,504 | 6,471,282 | |
Mitcham Industries, Inc. (a) | 24,562 | 574,014 | |
Natural Gas Services Group, Inc. (a)(d) | 25,396 | 355,290 | |
Newpark Resources, Inc. (a)(d) | 184,790 | 1,454,297 | |
Oceaneering International, Inc. | 235,178 | 12,763,110 | |
Oil States International, Inc. (a)(d) | 117,013 | 9,503,796 | |
OYO Geospace Corp. (a) | 9,947 | 1,094,667 | |
Parker Drilling Co. (a) | 242,503 | 1,535,044 | |
Patterson-UTI Energy, Inc. | 324,732 | 6,306,295 | |
PHI, Inc. (non-vtg.) (a) | 30,743 | 679,420 | |
Pioneer Drilling Co. (a)(d) | 132,423 | 1,318,933 | |
RigNet, Inc. (a) | 17,441 | 296,497 | |
RPC, Inc. (d) | 112,673 | 1,803,895 | |
SEACOR Holdings, Inc. (a)(d) | 52,976 | 5,238,267 | |
Superior Energy Services, Inc. (a) | 360,342 | 10,572,434 | |
Tesco Corp. (a)(d) | 66,408 | 1,017,371 | |
TETRA Technologies, Inc. (a)(d) | 155,121 | 1,410,050 | |
TGC Industries, Inc. (a) | 32,309 | 327,613 | |
Tidewater, Inc. | 108,622 | 6,463,009 | |
Union Drilling, Inc. (a) | 29,459 | 198,554 | |
Unit Corp. (a)(d) | 116,878 | 5,559,886 | |
Willbros Group, Inc. (a) | 99,083 | 416,149 | |
| 136,824,203 | ||
Oil, Gas & Consumable Fuels - 4.6% | |||
Abraxas Petroleum Corp. (a)(d) | 199,696 | 802,778 | |
Adams Resources & Energy, Inc. | 15,909 | 659,746 | |
Alon USA Energy, Inc. | 31,382 | 294,991 | |
Amyris, Inc. (a)(d) | 59,801 | 321,729 | |
APCO Oil and Gas International, Inc. (d) | 22,879 | 1,720,043 | |
Approach Resources, Inc. (a)(d) | 59,134 | 2,043,671 | |
Arch Coal, Inc. | 466,807 | 6,334,571 | |
| |||
Shares | Value | ||
ATP Oil & Gas Corp. (a)(d) | 109,981 | $ 879,848 | |
Barnwell Industries, Inc. (a) | 11,298 | 31,860 | |
Berry Petroleum Co. Class A | 111,618 | 6,022,907 | |
Bill Barrett Corp. (a)(d) | 108,832 | 3,181,159 | |
BioFuel Energy Corp. (a)(d) | 245,610 | 186,418 | |
Bonanza Creek Energy, Inc. | 21,405 | 398,133 | |
BPZ Energy, Inc. (a)(d) | 218,335 | 700,855 | |
Callon Petroleum Co. (a) | 73,635 | 519,863 | |
Carrizo Oil & Gas, Inc. (a)(d) | 72,656 | 2,046,720 | |
Cheniere Energy, Inc. (a)(d) | 209,409 | 3,149,511 | |
Cimarex Energy Co. | 195,710 | 15,787,926 | |
Clayton Williams Energy, Inc. (a)(d) | 26,242 | 2,318,481 | |
Clean Energy Fuels Corp. (a)(d) | 103,956 | 1,953,333 | |
Cloud Peak Energy, Inc. (a)(d) | 125,502 | 2,223,895 | |
Cobalt International Energy, Inc. (a)(d) | 339,545 | 10,206,723 | |
Comstock Resources, Inc. (a)(d) | 98,794 | 1,583,668 | |
Concho Resources, Inc. (a)(d) | 237,808 | 25,407,407 | |
Contango Oil & Gas Co. (a)(d) | 31,943 | 2,030,936 | |
Continental Resources, Inc. (a)(d) | 125,022 | 11,336,995 | |
CREDO Petroleum Corp. (a) | 17,574 | 201,750 | |
Crimson Exploration, Inc. (a)(d) | 82,961 | 258,009 | |
Crosstex Energy, Inc. | 112,481 | 1,544,364 | |
Cubic Energy, Inc. (a)(d) | 80,504 | 41,862 | |
CVR Energy, Inc. (a)(d) | 192,008 | 5,224,538 | |
Delek US Holdings, Inc. | 31,238 | 412,654 | |
DHT Holdings, Inc. (d) | 140,401 | 155,845 | |
Double Eagle Petroleum Co. (a) | 27,291 | 185,306 | |
Earthstone Energy, Inc. (a) | 4,213 | 100,480 | |
Endeavour International Corp. (a)(d) | 75,178 | 869,809 | |
Energen Corp. | 154,282 | 8,212,431 | |
Energy Partners Ltd. (a) | 62,783 | 1,069,822 | |
Evolution Petroleum Corp. (a) | 37,375 | 346,840 | |
EXCO Resources, Inc. (d) | 381,221 | 2,718,106 | |
FieldPoint Petroleum Corp. (a) | 9,981 | 54,197 | |
Forest Oil Corp. (a)(d) | 237,472 | 3,070,513 | |
FX Energy, Inc. (a)(d) | 108,663 | 687,837 | |
Gasco Energy, Inc. (a)(d) | 467,214 | 135,492 | |
Gastar Exploration Ltd. (a) | 112,646 | 323,294 | |
GeoMet, Inc. (a) | 60,223 | 40,952 | |
Georesources, Inc. (a)(d) | 43,651 | 1,398,578 | |
Gevo, Inc. (a)(d) | 16,005 | 160,210 | |
GMX Resources, Inc. (a)(d) | 104,152 | 183,308 | |
Goodrich Petroleum Corp. (a)(d) | 59,308 | 944,776 | |
Green Plains Renewable Energy, Inc. (a)(d) | 48,253 | 547,672 | |
Gulfport Energy Corp. (a)(d) | 88,655 | 2,980,581 | |
Halcon Resources Corp. (a)(d) | 47,202 | 518,750 | |
Hallador Energy Co. | 4,464 | 45,086 | |
Harvest Natural Resources, Inc. (a)(d) | 74,832 | 495,388 | |
HKN, Inc. (a) | 28,420 | 65,934 | |
HollyFrontier Corp. | 421,851 | 13,764,998 | |
Houston American Energy Corp. (a)(d) | 37,486 | 406,348 | |
Hyperdynamics Corp. (a)(d) | 317,808 | 432,219 | |
Isramco, Inc. (a)(d) | 1,934 | 159,748 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
James River Coal Co. (a)(d) | 72,283 | $ 414,182 | |
Kinder Morgan Holding Co. LLC (d) | 239,894 | 8,453,865 | |
KiOR, Inc. Class A (d) | 28,186 | 245,218 | |
Kodiak Oil & Gas Corp. (a)(d) | 616,350 | 5,972,432 | |
Laredo Petroleum Holdings, Inc. | 38,457 | 975,654 | |
Lucas Energy, Inc. (a)(d) | 25,312 | 74,164 | |
Magellan Petroleum Corp. (a) | 109,622 | 139,220 | |
Magnum Hunter Resources Corp. (d) | 263,466 | 1,823,185 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 19,383 | 0 | |
Matador Resources Co. | 29,289 | 347,368 | |
McMoRan Exploration Co. (a)(d) | 286,847 | 4,015,858 | |
Mexco Energy Corp. (a) | 2,175 | 21,054 | |
Miller Energy Resources, Inc. (a)(d) | 130,696 | 548,923 | |
Northern Oil & Gas, Inc. (a)(d) | 161,173 | 3,821,412 | |
Oasis Petroleum, Inc. (a)(d) | 145,480 | 4,665,544 | |
Overseas Shipholding Group, Inc. (d) | 63,133 | 558,727 | |
Pacific Ethanol, Inc. (a)(d) | 65,558 | 80,636 | |
Panhandle Royalty Co. Class A | 15,804 | 460,687 | |
Patriot Coal Corp. (a)(d) | 199,584 | 1,442,992 | |
Penn Virginia Corp. | 93,671 | 458,051 | |
Petroleum Development Corp. (a) | 48,457 | 1,576,791 | |
Petroquest Energy, Inc. (a)(d) | 116,987 | 713,621 | |
Plains Exploration & Production Co. (a) | 318,253 | 14,025,410 | |
PostRock Energy Corp. (a) | 17,510 | 64,262 | |
PrimeEnergy Corp. (a) | 1,965 | 44,311 | |
Pyramid Oil Co. (a) | 7,060 | 37,206 | |
Quicksilver Resources, Inc. (a)(d) | 274,950 | 1,523,223 | |
Renewable Energy Group, Inc. | 10,652 | 101,940 | |
Rentech, Inc. (a) | 504,816 | 898,572 | |
Resolute Energy Corp. (a)(d) | 165,845 | 1,850,830 | |
Rex American Resources Corp. (a) | 16,822 | 515,931 | |
Rex Energy Corp. (a)(d) | 90,060 | 1,035,690 | |
Rosetta Resources, Inc. (a)(d) | 110,823 | 5,656,406 | |
Royale Energy, Inc. (a)(d) | 11,555 | 71,294 | |
Sanchez Energy Corp. (d) | 19,483 | 466,228 | |
SandRidge Energy, Inc. (a)(d) | 811,063 | 7,031,916 | |
Saratoga Resources, Inc. (a) | 15,181 | 100,954 | |
SemGroup Corp. Class A (a) | 96,535 | 2,738,698 | |
Ship Finance International Ltd. (NY Shares) (d) | 109,403 | 1,502,103 | |
SM Energy Co. | 137,484 | 10,822,740 | |
SMF Energy Corp. (d) | 11,201 | 40,660 | |
Solazyme, Inc. (d) | 23,938 | 329,866 | |
Southern Union Co. (d) | 260,425 | 11,443,075 | |
Stone Energy Corp. (a)(d) | 102,000 | 3,258,900 | |
Swift Energy Co. (a)(d) | 88,600 | 2,660,658 | |
Synergy Resources Corp. (a) | 18,532 | 63,750 | |
Syntroleum Corp. (a)(d) | 166,427 | 206,369 | |
Targa Resources Corp. | 86,957 | 3,863,500 | |
Teekay Corp. | 95,965 | 2,763,792 | |
| |||
Shares | Value | ||
Tengasco, Inc. (a) | 63,216 | $ 65,112 | |
Tri-Valley Corp. (a)(d) | 75,638 | 12,858 | |
Ultra Petroleum Corp. (a)(d) | 366,925 | 9,158,448 | |
Uranium Energy Corp. (a)(d) | 194,558 | 729,593 | |
Uranium Resources, Inc. (a)(d) | 186,574 | 179,111 | |
USEC, Inc. (a)(d) | 388,801 | 520,993 | |
Vaalco Energy, Inc. (a)(d) | 119,162 | 940,188 | |
Venoco, Inc. (a) | 63,393 | 690,984 | |
Verenium Corp. (a)(d) | 32,819 | 92,550 | |
Voyager Oil & Gas, Inc. (a) | 93,088 | 301,605 | |
W&T Offshore, Inc. | 74,943 | 1,892,311 | |
Warren Resources, Inc. (a) | 155,341 | 605,830 | |
Western Refining, Inc. (d) | 113,744 | 2,064,454 | |
Westmoreland Coal Co. (a) | 23,023 | 241,972 | |
Whiting Petroleum Corp. (a)(d) | 266,339 | 15,618,119 | |
World Fuel Services Corp. (d) | 160,000 | 6,665,600 | |
ZaZa Energy Corp. (a)(d) | 47,652 | 186,796 | |
Zion Oil & Gas, Inc. (a)(d) | 99,924 | 272,793 | |
Zion Oil & Gas, Inc. warrants 8/15/12 (a)(d) | 26,798 | 5,896 | |
| 300,074,945 | ||
TOTAL ENERGY | 436,899,148 | ||
FINANCIALS - 20.3% | |||
Capital Markets - 1.5% | |||
Affiliated Managers Group, Inc. (a) | 112,772 | 11,997,813 | |
Arlington Asset Investment Corp. | 20,855 | 481,751 | |
Artio Global Investors, Inc. Class A (d) | 122,626 | 587,379 | |
BGC Partners, Inc. Class A (d) | 169,391 | 1,190,819 | |
Calamos Asset Management, Inc. | 42,824 | 525,022 | |
CIFI Corp. (a) | 5,983 | 31,351 | |
Cohen & Steers, Inc. (d) | 41,701 | 1,373,631 | |
Cowen Group, Inc. Class A (a) | 224,983 | 629,952 | |
Diamond Hill Investment Group, Inc. | 6,220 | 471,725 | |
Duff & Phelps Corp. Class A | 62,290 | 857,110 | |
Eaton Vance Corp. (non-vtg.) (d) | 250,462 | 7,215,810 | |
Edelman Financial Group, Inc. | 54,798 | 367,147 | |
Epoch Holding Corp. | 35,731 | 891,488 | |
Evercore Partners, Inc. Class A | 51,523 | 1,400,910 | |
FBR Capital Markets Corp. (a) | 133,653 | 336,806 | |
Financial Engines, Inc. (a)(d) | 112,959 | 2,603,705 | |
FirstCity Financial Corp. (a) | 5,260 | 45,236 | |
FXCM, Inc. Class A (d) | 32,446 | 306,939 | |
GAMCO Investors, Inc. Class A | 13,874 | 639,730 | |
GFI Group, Inc. | 188,467 | 723,713 | |
Gleacher & Co., Inc. (a)(d) | 147,210 | 223,759 | |
Greenhill & Co., Inc. | 60,155 | 2,644,414 | |
HFF, Inc. (a) | 77,082 | 1,110,752 | |
ICG Group, Inc. (a) | 113,828 | 986,889 | |
Institutional Financial Markets, Inc. | 16,813 | 25,556 | |
INTL FCStone, Inc. (a)(d) | 36,432 | 825,185 | |
Investment Technology Group, Inc. (a)(d) | 111,776 | 1,285,424 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
Janus Capital Group, Inc. (d) | 420,000 | $ 3,704,400 | |
Jefferies Group, Inc. (d) | 302,772 | 5,062,348 | |
JMP Group, Inc. | 40,214 | 286,324 | |
KBW, Inc. | 72,402 | 1,196,805 | |
Knight Capital Group, Inc. Class A (a) | 210,178 | 2,784,859 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 282,944 | 574,376 | |
LPL Investment Holdings, Inc. (a) | 95,900 | 3,270,190 | |
Medallion Financial Corp. | 52,498 | 574,853 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 30,185 | 505,297 | |
Penson Worldwide, Inc. (a)(d) | 47,870 | 61,274 | |
Piper Jaffray Companies (a)(d) | 44,362 | 1,090,418 | |
Pzena Investment Management, Inc. | 13,002 | 66,830 | |
Raymond James Financial, Inc. | 228,162 | 8,070,090 | |
Rodman & Renshaw Capital Group, Inc. (a)(d) | 120,949 | 135,463 | |
Safeguard Scientifics, Inc. (a) | 52,134 | 881,586 | |
SEI Investments Co. | 318,629 | 6,292,923 | |
Stifel Financial Corp. (a)(d) | 111,917 | 4,200,245 | |
SWS Group, Inc. (d) | 80,179 | 448,201 | |
TD Ameritrade Holding Corp. | 498,113 | 9,299,770 | |
Teton Advisors, Inc. (a) | 145 | 2,248 | |
U.S. Global Investments, Inc. Class A | 36,632 | 271,077 | |
Virtus Investment Partners, Inc. (a) | 13,764 | 1,094,789 | |
Waddell & Reed Financial, Inc. | 213,366 | 6,733,831 | |
Walter Investment Management Corp. | 58,571 | 1,193,677 | |
Westwood Holdings Group, Inc. | 12,700 | 491,998 | |
WisdomTree Investments, Inc. (a) | 138,520 | 980,722 | |
| 99,054,610 | ||
Commercial Banks - 4.3% | |||
1st Source Corp. | 35,268 | 865,829 | |
1st United Bancorp, Inc. (a) | 59,992 | 353,953 | |
Access National Corp. | 3,533 | 36,814 | |
ACNB Corp. | 13,555 | 193,972 | |
Alliance Financial Corp. | 11,655 | 344,056 | |
Ameriana Bancorp | 2,223 | 10,782 | |
American National Bankshares, Inc. | 15,150 | 321,938 | |
Ameris Bancorp (a)(d) | 48,535 | 559,123 | |
AmeriServ Financial, Inc. (a)(d) | 12,760 | 32,155 | |
Ames National Corp. | 14,284 | 309,249 | |
Anchor Bancorp (a) | 6,363 | 57,585 | |
Arrow Financial Corp. | 28,188 | 678,203 | |
Associated Banc-Corp. | 434,355 | 5,750,860 | |
Auburn National Bancorp., Inc. | 2,112 | 44,479 | |
BancFirst Corp. | 19,467 | 796,784 | |
Bancorp, Inc., Delaware (a) | 66,983 | 557,299 | |
BancorpSouth, Inc. | 226,260 | 2,678,918 | |
BancTrust Financial Group, Inc. (a)(d) | 34,209 | 44,472 | |
Bank of Hawaii Corp. | 98,531 | 4,532,426 | |
| |||
Shares | Value | ||
Bank of Kentucky Financial Corp. | 10,625 | $ 263,819 | |
Bank of Marin Bancorp | 11,021 | 387,609 | |
Bank of the James Financial Group, Inc. (a) | 2,186 | 11,280 | |
Bank of the Ozarks, Inc. (d) | 66,196 | 1,942,853 | |
Banner Bank | 32,759 | 675,163 | |
Bar Harbor Bankshares | 9,461 | 289,034 | |
BBCN Bancorp, Inc. (a) | 168,307 | 1,725,147 | |
BCB Bancorp, Inc. (d) | 9,297 | 97,154 | |
Berkshire Bancorp, Inc. (a) | 1,681 | 11,717 | |
BOK Financial Corp. | 65,078 | 3,493,387 | |
Boston Private Financial Holdings, Inc. | 161,973 | 1,543,603 | |
Bridge Bancorp, Inc. | 17,303 | 347,098 | |
Bridge Capital Holdings (a) | 15,251 | 183,927 | |
Bryn Mawr Bank Corp. | 21,145 | 415,711 | |
BSB Bancorp, Inc. | 19,579 | 220,655 | |
C & F Financial Corp. | 802 | 25,255 | |
Camden National Corp. | 15,714 | 555,490 | |
Capital Bank Corp. (a) | 18,858 | 41,488 | |
Capital City Bank Group, Inc. (d) | 29,072 | 228,797 | |
CapitalSource, Inc. | 671,726 | 4,534,151 | |
Cardinal Financial Corp. | 61,598 | 662,179 | |
Cascade Bancorp (a)(d) | 31,306 | 181,575 | |
Cathay General Bancorp | 164,381 | 2,685,986 | |
Center Bancorp, Inc. | 24,715 | 237,511 | |
Centerstate Banks of Florida, Inc. | 63,352 | 443,464 | |
Central Pacific Financial Corp. (a)(d) | 23,723 | 328,326 | |
Century Bancorp, Inc. Class A (non-vtg.) | 7,814 | 193,475 | |
Chemical Financial Corp. | 55,700 | 1,228,742 | |
CIT Group, Inc. (a) | 458,461 | 18,663,947 | |
Citizens & Northern Corp. | 28,411 | 565,379 | |
Citizens Holding Co. | 2,280 | 42,659 | |
Citizens Republic Bancorp, Inc. (a) | 84,126 | 1,151,685 | |
City Holding Co. (d) | 34,461 | 1,180,978 | |
City National Corp. | 106,269 | 4,994,643 | |
CNB Financial Corp., Pennsylvania | 24,450 | 378,975 | |
CoBiz, Inc. | 138,787 | 809,128 | |
Colony Bankcorp, Inc. (a) | 4,000 | 15,480 | |
Columbia Banking Systems, Inc. | 82,145 | 1,737,367 | |
Commerce Bancshares, Inc. | 183,137 | 7,070,920 | |
Community Bank System, Inc. | 96,150 | 2,626,818 | |
Community Partners Bancorp | 1,393 | 8,233 | |
Community Trust Bancorp, Inc. | 34,249 | 1,056,239 | |
Crescent Financial Bancshares, Inc. (a) | 4,931 | 19,823 | |
Cullen/Frost Bankers, Inc. | 140,787 | 7,951,650 | |
CVB Financial Corp. | 241,074 | 2,596,367 | |
Eagle Bancorp, Inc., Maryland (a)(d) | 42,730 | 662,742 | |
East West Bancorp, Inc. | 312,101 | 6,903,674 | |
Eastern Virginia Bankshares, Inc. (a) | 3,012 | 8,916 | |
Encore Bancshares, Inc. (a)(d) | 20,453 | 296,569 | |
Enterprise Bancorp, Inc. | 11,330 | 179,581 | |
Enterprise Financial Services Corp. | 40,305 | 467,538 | |
Farmers Capital Bank Corp. (a) | 5,824 | 34,070 | |
Farmers National Banc Corp. | 41,229 | 230,882 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Fidelity Southern Corp. | 10,511 | $ 67,270 | |
Financial Institutions, Inc. | 26,944 | 440,804 | |
First Bancorp, North Carolina | 34,349 | 343,490 | |
First Bancorp, Puerto Rico (a)(d) | 83,028 | 321,318 | |
First Busey Corp. | 161,346 | 780,915 | |
First California Financial Group, Inc. (a) | 58,547 | 270,487 | |
First Citizen Bancshares, Inc. | 14,036 | 2,472,441 | |
First Commonwealth Financial Corp. | 220,589 | 1,321,328 | |
First Community Bancshares, Inc. | 34,379 | 426,300 | |
First Connecticut Bancorp, Inc. (d) | 34,934 | 450,649 | |
First Financial Bancorp, Ohio | 125,711 | 2,057,889 | |
First Financial Bankshares, Inc. (d) | 88,879 | 3,044,995 | |
First Financial Corp., Indiana | 27,105 | 867,089 | |
First Financial Service Corp. (a) | 745 | 2,310 | |
First Interstate Bancsystem, Inc. | 42,213 | 574,097 | |
First M&F Corp. | 1,684 | 6,500 | |
First Merchants Corp. | 56,317 | 623,992 | |
First Midwest Bancorp, Inc., Delaware (d) | 155,623 | 1,799,002 | |
First Niagara Financial Group, Inc. | 686,322 | 6,561,238 | |
First of Long Island Corp. | 15,466 | 401,188 | |
First Republic Bank (a) | 194,207 | 5,824,268 | |
First Security Group, Inc. (a) | 1,070 | 2,996 | |
First South Bancorp, Inc., Virginia (a) | 39,689 | 161,534 | |
First United Corp. (a) | 14,602 | 79,143 | |
Firstbank Corp., Michigan | 7,615 | 54,523 | |
FirstMerit Corp. | 236,536 | 3,796,403 | |
FNB Corp., Pennsylvania | 296,034 | 3,490,241 | |
FNB United Corp. (a)(d) | 1,709 | 25,584 | |
Fulton Financial Corp. | 416,928 | 4,085,894 | |
German American Bancorp, Inc. | 25,909 | 507,298 | |
Glacier Bancorp, Inc. | 149,478 | 2,062,796 | |
Great Southern Bancorp, Inc. | 21,585 | 475,302 | |
Green Bankshares, Inc. (a) | 33,783 | 48,648 | |
Guaranty Bancorp (a) | 79,862 | 126,981 | |
Hampton Roads Bankshares, Inc. (a)(d) | 56,222 | 146,177 | |
Hancock Holding Co. | 186,386 | 6,327,805 | |
Hanmi Financial Corp. (a)(d) | 49,523 | 429,364 | |
Hawthorn Bancshares, Inc. | 6,079 | 43,465 | |
Heartland Financial USA, Inc. | 31,079 | 488,873 | |
Heritage Commerce Corp. (a)(d) | 40,322 | 211,691 | |
Heritage Financial Corp., Washington | 35,332 | 473,449 | |
Heritage Oaks Bancorp (a) | 17,210 | 69,701 | |
Home Bancshares, Inc. | 61,821 | 1,557,889 | |
Horizon Bancorp Industries | 7,320 | 128,832 | |
Hudson Valley Holding Corp. | 41,056 | 670,034 | |
IBERIABANK Corp. (d) | 64,510 | 3,421,610 | |
Independent Bank Corp. (a)(d) | 17,064 | 26,449 | |
Independent Bank Corp., Massachusetts (d) | 45,285 | 1,244,885 | |
International Bancshares Corp. | 125,554 | 2,383,015 | |
Intervest Bancshares Corp. Class A (a) | 43,436 | 147,682 | |
| |||
Shares | Value | ||
Investors Bancorp, Inc. (a) | 108,165 | $ 1,571,637 | |
Lakeland Bancorp, Inc. | 53,953 | 488,814 | |
Lakeland Financial Corp. | 34,881 | 879,699 | |
Macatawa Bank Corp. (a)(d) | 67,984 | 186,956 | |
MainSource Financial Group, Inc. | 47,324 | 479,865 | |
MB Financial, Inc. | 113,058 | 2,249,854 | |
MBT Financial Corp. (a)(d) | 10,000 | 21,200 | |
Mercantile Bank Corp. (a)(d) | 17,873 | 240,392 | |
Merchants Bancshares, Inc. | 13,310 | 370,684 | |
Metro Bancorp, Inc. (a) | 41,607 | 442,698 | |
Metrocorp Bancshares, Inc. (a) | 24,932 | 201,949 | |
Middleburg Financial Corp. | 12,256 | 193,155 | |
Midsouth Bancorp, Inc. | 24,320 | 312,755 | |
MidWestOne Financial Group, Inc. | 16,620 | 289,188 | |
National Bankshares, Inc. | 15,371 | 415,171 | |
National Penn Bancshares, Inc. (d) | 283,008 | 2,476,320 | |
NBT Bancorp, Inc. | 103,841 | 2,264,772 | |
NewBridge Bancorp (a) | 32,890 | 133,533 | |
North Valley Bancorp (a) | 2,276 | 23,807 | |
Northrim Bancorp, Inc. | 10,594 | 211,880 | |
Norwood Financial Corp. | 2,777 | 70,758 | |
OBA Financial Services, Inc. (a) | 4,224 | 59,981 | |
Ohio Valley Banc Corp. | 7,485 | 143,113 | |
Old National Bancorp, Indiana | 197,074 | 2,380,654 | |
Old Second Bancorp, Inc. (a)(d) | 34,774 | 41,729 | |
OmniAmerican Bancorp, Inc. (a) | 21,285 | 380,789 | |
Oriental Financial Group, Inc. | 97,881 | 1,150,102 | |
Orrstown Financial Services, Inc. | 16,026 | 138,625 | |
Pacific Capital Bancorp NA (a)(d) | 17,797 | 498,494 | |
Pacific Continental Corp. | 43,214 | 362,998 | |
Pacific Mercantile Bancorp (a) | 13,335 | 58,141 | |
PacWest Bancorp | 69,253 | 1,507,638 | |
Park National Corp. (d) | 38,738 | 2,666,724 | |
Park Sterling Corp. (a) | 78,231 | 355,951 | |
Patriot National Bancorp, Inc. (a)(d) | 14,022 | 24,398 | |
Peapack-Gladstone Financial Corp. (d) | 17,211 | 216,514 | |
Penns Woods Bancorp, Inc. | 9,401 | 366,545 | |
Peoples Bancorp of North Carolina | 1,842 | 14,847 | |
Peoples Bancorp, Inc. | 20,106 | 325,114 | |
Peoples Financial Corp., Mississippi | 7,232 | 70,223 | |
Pinnacle Financial Partners, Inc. (a)(d) | 71,032 | 1,176,290 | |
Popular, Inc. (a) | 2,618,158 | 4,974,500 | |
Porter Bancorp, Inc. | 3,733 | 7,391 | |
Preferred Bank, Los Angeles (a) | 18,933 | 191,223 | |
Premier Financial Bancorp, Inc. (a) | 4,520 | 27,572 | |
PremierWest Bancorp (a)(d) | 17,140 | 23,825 | |
Princeton National Bancorp, Inc. (a)(d) | 3,779 | 6,198 | |
PrivateBancorp, Inc. | 138,942 | 2,014,659 | |
Prosperity Bancshares, Inc. | 104,563 | 4,573,586 | |
QCR Holdings, Inc. | 6,005 | 59,510 | |
Renasant Corp. | 56,593 | 858,516 | |
Republic Bancorp, Inc., Kentucky Class A | 22,049 | 574,597 | |
Republic First Bancorp, Inc. (a) | 43,056 | 86,973 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 6,704 | $ 8,849 | |
S&T Bancorp, Inc. (d) | 65,011 | 1,378,883 | |
S.Y. Bancorp, Inc. | 28,962 | 629,924 | |
Sandy Spring Bancorp, Inc. | 51,493 | 929,964 | |
Savannah Bancorp, Inc. (a) | 3,956 | 20,611 | |
SCBT Financial Corp. | 39,694 | 1,229,323 | |
Seacoast Banking Corp., Florida (a) | 235,806 | 436,241 | |
Shore Bancshares, Inc. | 20,686 | 127,633 | |
Sierra Bancorp | 28,927 | 266,128 | |
Signature Bank (a)(d) | 103,111 | 6,120,669 | |
Simmons First National Corp. Class A | 35,300 | 928,037 | |
Southern National Bancorp of Virginia, Inc. | 12,282 | 78,850 | |
Southside Bancshares, Inc. | 38,340 | 817,025 | |
Southwest Bancorp, Inc., Oklahoma (a) | 44,454 | 380,526 | |
State Bank Financial Corp. (a) | 65,049 | 1,056,396 | |
State Investors Bancorp, Inc. (a) | 5,912 | 65,860 | |
StellarOne Corp. | 47,424 | 551,541 | |
Sterling Bancorp, New York | 62,200 | 553,580 | |
Sterling Financial Corp., Washington (a) | 88,072 | 1,713,881 | |
Suffolk Bancorp (a) | 24,189 | 292,687 | |
Summit Financial Group, Inc. (a) | 1,800 | 6,786 | |
Sun Bancorp, Inc., New Jersey (a) | 127,043 | 364,613 | |
Susquehanna Bancshares, Inc. | 457,715 | 4,243,018 | |
SVB Financial Group (a)(d) | 94,434 | 5,598,048 | |
Synovus Financial Corp. | 1,961,478 | 4,158,333 | |
Taylor Capital Group, Inc. (a)(d) | 36,427 | 489,943 | |
TCF Financial Corp. (d) | 333,798 | 3,598,342 | |
Texas Capital Bancshares, Inc. (a)(d) | 76,497 | 2,592,483 | |
The First Bancorp, Inc. | 19,885 | 298,275 | |
TIB Financial Corp. (a) | 777 | 8,392 | |
Tompkins Financial Corp. (d) | 20,721 | 851,633 | |
TowneBank (d) | 60,370 | 779,980 | |
Trico Bancshares | 30,606 | 495,817 | |
Trustmark Corp. | 117,611 | 2,773,267 | |
UMB Financial Corp. | 79,916 | 3,328,501 | |
Umpqua Holdings Corp. (d) | 254,223 | 3,132,027 | |
Union Bankshares, Inc. | 388 | 7,372 | |
Union/First Market Bankshares Corp. | 45,249 | 628,056 | |
United Bankshares, Inc., West Virginia (d) | 105,326 | 3,083,945 | |
United Community Banks, Inc., Georgia (a) | 41,124 | 368,882 | |
United Security Bancshares, Inc. | 8,545 | 52,295 | |
United Security Bancshares, California (d) | 7,198 | 15,476 | |
Univest Corp. of Pennsylvania | 33,462 | 528,700 | |
Valley National Bancorp (d) | 401,122 | 5,018,036 | |
Virginia Commerce Bancorp, Inc. (a) | 67,965 | 570,906 | |
VIST Financial Corp. | 18,675 | 223,353 | |
Washington Banking Co., Oak Harbor | 41,106 | 521,635 | |
| |||
Shares | Value | ||
Washington Trust Bancorp, Inc. | 34,101 | $ 801,715 | |
Webster Financial Corp. | 192,580 | 4,213,650 | |
Wellesley Bancorp, Inc. | 803 | 9,989 | |
WesBanco, Inc. | 61,393 | 1,197,164 | |
West Bancorp., Inc. | 25,000 | 240,750 | |
West Coast Bancorp (a) | 36,737 | 630,040 | |
Westamerica Bancorp. | 70,836 | 3,354,793 | |
Western Alliance Bancorp. (a)(d) | 183,053 | 1,490,051 | |
Wilshire Bancorp, Inc. (a)(d) | 124,300 | 539,462 | |
Wintrust Financial Corp. | 76,756 | 2,587,445 | |
Xenith Bankshares, Inc. (a) | 16,585 | 58,379 | |
Yadkin Valley Financial Corp. (a) | 15,173 | 31,408 | |
| 277,465,665 | ||
Consumer Finance - 0.3% | |||
Advance America Cash Advance Centers, Inc. | 168,612 | 1,748,506 | |
Cash America International, Inc. | 61,500 | 2,852,370 | |
CompuCredit Holdings Corp. (a)(d) | 36,887 | 198,083 | |
Consumer Portfolio Services, Inc. (a) | 11,918 | 13,944 | |
Credit Acceptance Corp. (a)(d) | 21,614 | 2,080,564 | |
DFC Global Corp. (a) | 92,459 | 1,655,941 | |
EZCORP, Inc. (non-vtg.) Class A (a)(d) | 102,437 | 3,226,766 | |
First Cash Financial Services, Inc. (a)(d) | 76,532 | 3,234,242 | |
First Marblehead Corp. (a) | 153,484 | 187,250 | |
Green Dot Corp. Class A (a)(d) | 42,106 | 1,344,445 | |
Imperial Holdings, Inc. (a) | 53,799 | 134,498 | |
Nelnet, Inc. Class A | 61,253 | 1,618,304 | |
Netspend Holdings, Inc. (a)(d) | 69,646 | 599,652 | |
QC Holdings, Inc. | 15,649 | 58,684 | |
White River Capital, Inc. | 7,973 | 185,372 | |
World Acceptance Corp. (a)(d) | 37,666 | 2,392,544 | |
| 21,531,165 | ||
Diversified Financial Services - 0.3% | |||
California First National Bancorp | 1,545 | 22,881 | |
Catskill Litigation Trust (a) | 1,036 | 0 | |
CBOE Holdings, Inc. | 224,482 | 6,188,969 | |
FX Alliance, Inc. | 11,347 | 153,525 | |
Gain Capital Holdings, Inc. | 22,236 | 116,517 | |
Interactive Brokers Group, Inc. | 80,367 | 1,274,621 | |
Life Partners Holdings, Inc. | 22,647 | 96,250 | |
MarketAxess Holdings, Inc. | 67,374 | 2,231,427 | |
Marlin Business Services Corp. | 19,144 | 300,561 | |
MicroFinancial, Inc. | 5,166 | 34,716 | |
MSCI, Inc. Class A (a)(d) | 256,992 | 9,092,377 | |
NCP Litigation Trust (a) | 200 | 0 | |
NewStar Financial, Inc. (a)(d) | 67,474 | 665,294 | |
PHH Corp. (a)(d) | 116,881 | 1,591,919 | |
PICO Holdings, Inc. (a) | 49,118 | 1,085,999 | |
Resource America, Inc. Class A | 23,799 | 141,604 | |
Vector Capital Corp. rights | 49,572 | 1 | |
| 22,996,661 | ||
Insurance - 4.1% | |||
21st Century Holding Co. (a) | 8,797 | 29,294 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Alleghany Corp. (d) | 18,796 | $ 6,101,933 | |
Allied World Assurance Co. Holdings | 89,522 | 5,905,766 | |
American Equity Investment Life Holding Co. | 119,336 | 1,443,966 | |
American Financial Group, Inc. | 190,000 | 7,115,500 | |
American Independence Corp. (a) | 3,087 | 13,428 | |
American National Insurance Co. | 29,749 | 2,144,903 | |
American Safety Insurance Group Ltd. (a)(d) | 24,056 | 464,521 | |
Amerisafe, Inc. (a) | 44,533 | 1,004,664 | |
Amtrust Financial Services, Inc. (d) | 65,584 | 1,771,424 | |
Arch Capital Group Ltd. (a) | 304,045 | 11,264,867 | |
Argo Group International Holdings, Ltd. | 64,674 | 1,930,519 | |
Arthur J. Gallagher & Co. (d) | 238,841 | 8,149,255 | |
Aspen Insurance Holdings Ltd. | 147,997 | 3,926,360 | |
Assured Guaranty Ltd. | 358,543 | 6,023,522 | |
Axis Capital Holdings Ltd. | 309,698 | 9,554,183 | |
Baldwin & Lyons, Inc. Class B | 18,379 | 386,694 | |
Brown & Brown, Inc. | 248,221 | 5,865,462 | |
Citizens, Inc. Class A (a)(d) | 78,016 | 833,211 | |
CNA Financial Corp. | 88,556 | 2,498,165 | |
CNO Financial Group, Inc. (a) | 478,207 | 3,548,296 | |
Crawford & Co. Class B | 69,141 | 304,220 | |
Delphi Financial Group, Inc. Class A | 99,263 | 4,423,159 | |
Donegal Group, Inc. Class A | 26,385 | 363,321 | |
Eastern Insurance Holdings, Inc. | 14,834 | 215,093 | |
eHealth, Inc. (a)(d) | 59,193 | 889,671 | |
EMC Insurance Group | 12,011 | 253,072 | |
Employers Holdings, Inc. | 87,592 | 1,514,466 | |
Endurance Specialty Holdings Ltd. | 106,872 | 4,110,297 | |
Enstar Group Ltd. (a)(d) | 20,537 | 1,991,678 | |
Erie Indemnity Co. Class A | 61,158 | 4,654,735 | |
Everest Re Group Ltd. | 95,044 | 8,349,615 | |
FBL Financial Group, Inc. Class A | 35,194 | 1,195,540 | |
Fidelity National Financial, Inc. Class A | 471,276 | 8,134,224 | |
First Acceptance Corp. (a) | 24,679 | 35,785 | |
First American Financial Corp. | 216,245 | 3,330,173 | |
Flagstone Reinsurance Holdings Ltd. | 110,570 | 875,714 | |
Fortegra Financial Corp. (a) | 12,280 | 85,469 | |
Global Indemnity PLC (a) | 37,631 | 719,881 | |
Greenlight Capital Re, Ltd. (a) | 63,768 | 1,501,736 | |
Hallmark Financial Services, Inc. (a) | 23,631 | 159,509 | |
Hanover Insurance Group, Inc. | 94,048 | 3,839,039 | |
Harleysville Group, Inc. (d) | 30,356 | 1,718,453 | |
HCC Insurance Holdings, Inc. | 266,381 | 8,135,276 | |
Hilltop Holdings, Inc. (a) | 103,357 | 851,662 | |
Homeowners Choice, Inc. | 1,171 | 12,705 | |
Horace Mann Educators Corp. | 81,387 | 1,410,437 | |
Independence Holding Co. | 12,745 | 116,744 | |
Infinity Property & Casualty Corp. | 29,456 | 1,615,072 | |
| |||
Shares | Value | ||
Investors Title Co. | 2,693 | $ 121,670 | |
Kansas City Life Insurance Co. | 8,684 | 278,062 | |
Kemper Corp. | 121,221 | 3,469,345 | |
Maiden Holdings Ltd. | 143,671 | 1,242,754 | |
Markel Corp. (a) | 20,681 | 8,436,814 | |
MBIA, Inc. (a)(d) | 321,835 | 3,469,381 | |
Meadowbrook Insurance Group, Inc. | 111,638 | 1,062,794 | |
Mercury General Corp. | 55,209 | 2,367,362 | |
Montpelier Re Holdings Ltd. | 171,990 | 2,966,828 | |
National Financial Partners Corp. (a)(d) | 130,377 | 1,989,553 | |
National Interstate Corp. | 12,547 | 303,010 | |
National Security Group, Inc. | 2,778 | 25,280 | |
National Western Life Insurance Co. Class A | 7,262 | 985,889 | |
Navigators Group, Inc. (a)(d) | 29,134 | 1,369,589 | |
Old Republic International Corp. | 530,948 | 5,766,095 | |
OneBeacon Insurance Group Ltd. | 47,103 | 718,321 | |
PartnerRe Ltd. | 144,778 | 9,184,716 | |
Phoenix Companies, Inc. (a)(d) | 232,680 | 481,648 | |
Platinum Underwriters Holdings Ltd. | 76,798 | 2,730,937 | |
Presidential Life Corp. | 47,504 | 513,993 | |
Primerica, Inc. | 106,260 | 2,658,625 | |
ProAssurance Corp. | 64,616 | 5,670,700 | |
Protective Life Corp. | 178,332 | 4,952,280 | |
Reinsurance Group of America, Inc. | 160,469 | 9,254,247 | |
RenaissanceRe Holdings Ltd. | 110,083 | 7,921,573 | |
RLI Corp. | 47,991 | 3,362,249 | |
Safety Insurance Group, Inc. | 32,009 | 1,366,144 | |
SeaBright Insurance Holdings, Inc. | 51,078 | 417,818 | |
Selective Insurance Group, Inc. | 108,320 | 1,860,938 | |
StanCorp Financial Group, Inc. (d) | 111,235 | 4,422,704 | |
State Auto Financial Corp. | 29,911 | 418,156 | |
Stewart Information Services Corp. (d) | 39,262 | 515,903 | |
Symetra Financial Corp. | 228,781 | 2,274,083 | |
Tower Group, Inc. (d) | 79,758 | 1,838,422 | |
Transatlantic Holdings, Inc. | 148,543 | 9,001,706 | |
Unico American Corp. (a) | 2,607 | 28,286 | |
United Fire Group, Inc. | 45,430 | 912,689 | |
Universal Insurance Holdings, Inc. | 99,404 | 400,598 | |
Validus Holdings Ltd. | 146,156 | 4,456,296 | |
W.R. Berkley Corp. (d) | 267,684 | 9,569,703 | |
White Mountains Insurance Group Ltd. | 13,674 | 6,785,312 | |
| 266,355,152 | ||
Real Estate Investment Trusts - 8.3% | |||
Acadia Realty Trust (SBI) (d) | 92,883 | 1,968,191 | |
AG Mortgage Investment Trust, Inc. | 28,695 | 571,604 | |
Agree Realty Corp. | 28,120 | 674,880 | |
Alexanders, Inc. | 7,463 | 2,831,835 | |
Alexandria Real Estate Equities, Inc. | 132,775 | 9,518,640 | |
American Assets Trust, Inc. | 90,276 | 1,942,740 | |
American Campus Communities, Inc. | 162,273 | 6,677,534 | |
American Capital Agency Corp. | 515,447 | 15,829,377 | |
American Capital Mortgage Investment Corp. (d) | 28,439 | 613,145 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Annaly Capital Management, Inc. (d) | 2,208,934 | $ 36,712,483 | |
Anworth Mortgage Asset Corp. | 286,499 | 1,862,244 | |
Apollo Commercial Real Estate Finance, Inc. | 43,970 | 657,352 | |
Arbor Realty Trust, Inc. (a)(d) | 95,842 | 460,042 | |
Armour Residential REIT, Inc. (d) | 268,031 | 1,894,979 | |
Ashford Hospitality Trust, Inc. | 167,220 | 1,411,337 | |
Associated Estates Realty Corp. (d) | 110,604 | 1,650,212 | |
BioMed Realty Trust, Inc. | 366,169 | 6,744,833 | |
Brandywine Realty Trust (SBI) (d) | 351,288 | 3,797,423 | |
BRE Properties, Inc. | 163,938 | 7,939,517 | |
BRT Realty Trust (a) | 7,942 | 51,305 | |
Camden Property Trust (SBI) (d) | 152,681 | 9,466,222 | |
Campus Crest Communities, Inc. | 85,655 | 907,086 | |
Capital Trust, Inc. Class A (a) | 85,860 | 291,924 | |
CapLease, Inc. | 143,989 | 580,276 | |
Capstead Mortgage Corp. | 222,517 | 2,959,476 | |
CBL & Associates Properties, Inc. (d) | 312,528 | 5,509,869 | |
Cedar Shopping Centers, Inc. | 105,841 | 503,803 | |
Chatham Lodging Trust | 37,534 | 452,660 | |
Chesapeake Lodging Trust (d) | 79,186 | 1,396,049 | |
Chimera Investment Corp. (d) | 2,491,833 | 7,649,927 | |
Cogdell Spencer, Inc. | 183,981 | 778,240 | |
Colonial Properties Trust (SBI) | 181,383 | 3,721,979 | |
Colony Financial, Inc. | 63,933 | 1,066,402 | |
CommonWealth REIT | 174,324 | 3,242,426 | |
Coresite Realty Corp. | 64,954 | 1,386,768 | |
Corporate Office Properties Trust (SBI) (d) | 147,223 | 3,609,908 | |
Cousins Properties, Inc. | 217,353 | 1,606,239 | |
Crexus Investment Corp. | 147,343 | 1,642,874 | |
CubeSmart | 222,676 | 2,511,785 | |
Cys Investments, Inc. (d) | 241,015 | 3,270,574 | |
DCT Industrial Trust, Inc. (d) | 498,172 | 2,819,654 | |
DDR Corp. | 548,129 | 7,745,063 | |
DiamondRock Hospitality Co. (d) | 357,776 | 3,563,449 | |
Digital Realty Trust, Inc. | 229,508 | 16,639,330 | |
Douglas Emmett, Inc. | 265,224 | 5,588,270 | |
Duke Realty LP | 533,955 | 7,411,295 | |
DuPont Fabros Technology, Inc. (d) | 145,560 | 3,333,324 | |
EastGroup Properties, Inc. (d) | 54,633 | 2,632,764 | |
Education Realty Trust, Inc. | 179,142 | 1,841,580 | |
Entertainment Properties Trust (SBI) | 96,934 | 4,410,497 | |
Equity Lifestyle Properties, Inc. | 96,693 | 6,431,051 | |
Equity One, Inc. | 121,453 | 2,310,036 | |
Essex Property Trust, Inc. (d) | 72,783 | 10,188,892 | |
Excel Trust, Inc. | 82,459 | 988,683 | |
Extra Space Storage, Inc. | 235,368 | 6,206,654 | |
Federal Realty Investment Trust (SBI) | 141,738 | 13,514,718 | |
FelCor Lodging Trust, Inc. (a) | 316,013 | 1,213,490 | |
First Industrial Realty Trust, Inc. (a) | 173,098 | 2,046,018 | |
First Potomac Realty Trust | 134,902 | 1,784,753 | |
| |||
Shares | Value | ||
Franklin Street Properties Corp. | 149,212 | $ 1,538,376 | |
General Growth Properties, Inc. | 888,708 | 14,459,279 | |
Getty Realty Corp. (d) | 61,162 | 1,039,754 | |
Gladstone Commercial Corp. | 28,855 | 515,639 | |
Glimcher Realty Trust | 291,480 | 2,885,652 | |
Government Properties Income Trust | 72,848 | 1,699,544 | |
Gramercy Capital Corp. (a) | 107,065 | 310,489 | |
Gyrodyne Co. of America, Inc. (a) | 691 | 72,196 | |
Hatteras Financial Corp. | 173,206 | 4,932,907 | |
Healthcare Realty Trust, Inc. | 158,187 | 3,269,725 | |
Hersha Hospitality Trust | 373,061 | 1,876,497 | |
Highwoods Properties, Inc. (SBI) | 148,605 | 4,755,360 | |
Home Properties, Inc. | 104,425 | 6,018,013 | |
Hospitality Properties Trust (SBI) | 259,284 | 6,412,093 | |
Hudson Pacific Properties, Inc. | 57,436 | 878,196 | |
Inland Real Estate Corp. | 155,936 | 1,351,965 | |
Invesco Mortgage Capital, Inc. | 297,124 | 5,089,734 | |
Investors Real Estate Trust (d) | 203,581 | 1,553,323 | |
iStar Financial, Inc. (a)(d) | 264,321 | 1,863,463 | |
Kilroy Realty Corp. (d) | 151,047 | 6,621,900 | |
Kite Realty Group Trust | 135,125 | 663,464 | |
LaSalle Hotel Properties (SBI) | 179,910 | 4,799,999 | |
Lexington Corporate Properties Trust | 370,353 | 3,203,553 | |
Liberty Property Trust (SBI) (d) | 243,987 | 8,276,039 | |
LTC Properties, Inc. | 60,414 | 1,864,376 | |
Mack-Cali Realty Corp. | 191,873 | 5,487,568 | |
Medical Properties Trust, Inc. | 249,853 | 2,428,571 | |
MFA Financial, Inc. (d) | 876,893 | 6,401,319 | |
Mid-America Apartment Communities, Inc. (d) | 76,315 | 4,759,767 | |
Mission West Properties, Inc. | 47,795 | 477,950 | |
Monmouth Real Estate Investment Corp. Class A | 64,543 | 604,122 | |
MPG Office Trust, Inc. (a)(d) | 165,334 | 370,348 | |
National Health Investors, Inc. (d) | 62,000 | 2,922,060 | |
National Retail Properties, Inc. | 198,474 | 5,289,332 | |
New York Mortgage Trust, Inc. (d) | 45,221 | 321,069 | |
NorthStar Realty Finance Corp. | 199,299 | 1,064,257 | |
Omega Healthcare Investors, Inc. (d) | 212,111 | 4,320,701 | |
One Liberty Properties, Inc. | 28,128 | 491,677 | |
Parkway Properties, Inc. | 47,937 | 478,891 | |
Pebblebrook Hotel Trust | 140,580 | 3,012,629 | |
Pennsylvania Real Estate Investment Trust (SBI) | 112,095 | 1,504,315 | |
Pennymac Mortgage Investment Trust | 55,638 | 1,001,484 | |
Piedmont Office Realty Trust, Inc. Class A | 362,642 | 6,389,752 | |
PMC Commercial Trust | 13,167 | 95,197 | |
Post Properties, Inc. (d) | 120,322 | 5,254,462 | |
Potlatch Corp. | 92,090 | 2,838,214 | |
PS Business Parks, Inc. | 43,000 | 2,684,060 | |
RAIT Financial Trust (d) | 95,007 | 503,537 | |
Ramco-Gershenson Properties Trust (SBI) | 91,827 | 1,016,525 | |
Rayonier, Inc. (d) | 263,287 | 11,721,537 | |
Realty Income Corp. | 287,073 | 10,590,123 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Redwood Trust, Inc. | 149,734 | $ 1,732,422 | |
Regency Centers Corp. | 191,454 | 8,192,317 | |
Resource Capital Corp. | 141,840 | 818,417 | |
Retail Opportunity Investments Corp. | 114,340 | 1,329,774 | |
RLJ Lodging Trust | 134,924 | 2,363,868 | |
Rouse Properties, Inc. (a)(d) | 31,649 | 463,025 | |
Rouse Properties, Inc. rights 3/16/12 (a)(d) | 31,649 | 0 | |
Sabra Health Care REIT, Inc. | 78,716 | 1,124,064 | |
Saul Centers, Inc. | 23,989 | 908,224 | |
Senior Housing Properties Trust (SBI) | 344,767 | 7,378,014 | |
SL Green Realty Corp. | 186,104 | 14,153,209 | |
Sovran Self Storage, Inc. (d) | 73,113 | 3,473,599 | |
Stag Industrial, Inc. | 32,635 | 401,084 | |
Starwood Property Trust, Inc. | 228,389 | 4,508,399 | |
Strategic Hotel & Resorts, Inc. (a)(d) | 354,090 | 2,205,981 | |
Summit Hotel Properties, Inc. | 75,902 | 699,057 | |
Sun Communities, Inc. (d) | 67,921 | 2,811,250 | |
Sunstone Hotel Investors, Inc. (a) | 332,828 | 2,988,795 | |
Supertel Hospitality, Inc., Maryland (a) | 13,197 | 14,649 | |
Tanger Factory Outlet Centers, Inc. | 209,858 | 6,144,642 | |
Taubman Centers, Inc. | 133,106 | 9,193,631 | |
Terreno Realty Corp. | 28,836 | 410,048 | |
The Macerich Co. | 296,360 | 16,000,476 | |
Two Harbors Investment Corp. | 379,856 | 3,904,920 | |
UDR, Inc. | 474,620 | 11,874,992 | |
UMH Properties, Inc. | 26,836 | 271,044 | |
Universal Health Realty Income Trust (SBI) | 32,328 | 1,221,675 | |
Urstadt Biddle Properties, Inc. | 5,274 | 97,938 | |
Urstadt Biddle Properties, Inc. Class A | 50,629 | 962,964 | |
Washington (REIT) (SBI) | 136,137 | 4,032,378 | |
Weingarten Realty Investors (SBI) | 253,427 | 6,310,332 | |
Whitestone REIT Class B | 24,805 | 320,977 | |
Winthrop Realty Trust | 59,385 | 676,395 | |
| 542,003,244 | ||
Real Estate Management & Development - 0.5% | |||
American Realty Capital Properties, Inc. | 5,400 | 61,020 | |
American Realty Investments, Inc. (a) | 1,965 | 2,967 | |
AV Homes, Inc. (a) | 24,732 | 258,944 | |
Brookfield Properties Corp. | 556,310 | 9,662,981 | |
Consolidated-Tomoka Land Co. | 11,328 | 338,254 | |
Forest City Enterprises, Inc. Class A (a) | 275,710 | 4,030,880 | |
Forestar Group, Inc. (a)(d) | 73,423 | 1,152,007 | |
Howard Hughes Corp. (a) | 54,951 | 3,052,528 | |
Jones Lang LaSalle, Inc. (d) | 91,993 | 7,489,150 | |
Kennedy-Wilson Holdings, Inc. (d) | 91,074 | 1,231,320 | |
Maui Land & Pineapple, Inc. (a) | 17,270 | 64,417 | |
Preferred Apartment Communities, Inc. Class A | 2,507 | 19,404 | |
Stratus Properties, Inc. (a) | 6,633 | 58,768 | |
Tejon Ranch Co. (a)(d) | 30,567 | 893,168 | |
The St. Joe Co. (a)(d) | 213,311 | 3,436,440 | |
| |||
Shares | Value | ||
Thomas Properties Group, Inc. | 85,189 | $ 366,313 | |
Transcontinental Realty Investors, Inc. (a) | 1,497 | 3,234 | |
ZipRealty, Inc. (a) | 28,991 | 36,529 | |
| 32,158,324 | ||
Thrifts & Mortgage Finance - 1.0% | |||
Alliance Bancorp, Inc. of Pennsylvania | 6,385 | 72,087 | |
Apollo Residential Mortgage, Inc. | 24,079 | 431,736 | |
ASB Bancorp, Inc. | 13,663 | 164,639 | |
Astoria Financial Corp. (d) | 188,613 | 1,656,022 | |
Bank Mutual Corp. | 123,703 | 486,153 | |
BankAtlantic Bancorp, Inc. Class A (a)(d) | 25,919 | 57,022 | |
BankFinancial Corp. | 49,291 | 278,494 | |
BankUnited, Inc. | 84,410 | 1,943,962 | |
BCSB Bancorp, Inc. (a) | 149 | 1,909 | |
Beacon Federal Bancorp, Inc. | 11,844 | 161,078 | |
Beneficial Mutual Bancorp, Inc. (a) | 93,273 | 845,986 | |
Berkshire Hills Bancorp, Inc. | 50,973 | 1,120,896 | |
BofI Holding, Inc. (a) | 27,494 | 450,627 | |
Brookline Bancorp, Inc., Delaware | 155,762 | 1,429,895 | |
Camco Financial Corp. (a) | 7,852 | 17,903 | |
Cape Bancorp, Inc. (a) | 25,193 | 203,056 | |
Capitol Federal Financial, Inc. | 417,085 | 4,875,724 | |
Central Bancorp, Inc. | 100 | 1,808 | |
CFS Bancorp, Inc. | 9,922 | 55,464 | |
Charter Financial Corp., Georgia | 2,453 | 23,696 | |
Cheviot Financial Corp. | 44 | 363 | |
Chicopee Bancorp, Inc. (a) | 11,029 | 159,479 | |
Citizens South Banking Corp., Delaware | 11,035 | 48,002 | |
Clifton Savings Bancorp, Inc. | 23,320 | 229,236 | |
Colonial Financial Services, Inc. (a) | 6,111 | 74,860 | |
Dime Community Bancshares, Inc. | 83,947 | 1,168,542 | |
Doral Financial Corp. (a)(d) | 295,629 | 413,881 | |
Eagle Bancorp Montana, Inc. | 15,964 | 159,640 | |
ESB Financial Corp. | 30,356 | 387,039 | |
ESSA Bancorp, Inc. | 31,156 | 299,721 | |
Farmer Mac Class C (non-vtg.) | 21,618 | 431,495 | |
FedFirst Financial Corp. | 6,288 | 86,460 | |
First Clover Leaf Financial Corp. (d) | 10,566 | 63,607 | |
First Defiance Financial Corp. | 22,893 | 358,047 | |
First Federal Bancshares of Arkansas, Inc. (a)(d) | 3,836 | 27,236 | |
First Financial Holdings, Inc. | 36,582 | 357,040 | |
First Financial Northwest, Inc. (a)(d) | 34,706 | 255,783 | |
First PacTrust Bancorp, Inc. | 18,949 | 222,082 | |
Flagstar Bancorp, Inc. (a) | 500,000 | 360,450 | |
Flushing Financial Corp. | 72,793 | 942,669 | |
Fox Chase Bancorp, Inc. | 31,882 | 398,844 | |
Franklin Financial Corp./VA (a) | 27,950 | 377,046 | |
Hampden Bancorp, Inc. | 5,136 | 62,659 | |
Heritage Financial Group, Inc. | 7,564 | 90,692 | |
HF Financial Corp. | 632 | 7,274 | |
HMN Financial, Inc. (a)(d) | 2,852 | 5,276 | |
Home Bancorp, Inc. (a) | 15,428 | 254,099 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
Home Federal Bancorp, Inc. | 34,573 | $ 346,767 | |
HopFed Bancorp, Inc. | 11,426 | 95,407 | |
IF Bancorp, Inc. (a) | 11,597 | 132,554 | |
Impac Mortgage Holdings, Inc. (a)(d) | 20,302 | 54,206 | |
Indiana Community Bancorp | 9,245 | 199,692 | |
Jefferson Bancshares, Inc., Tennessee (a) | 2,774 | 6,242 | |
Kaiser Federal Financial Group, Inc. | 21,464 | 289,979 | |
Kearny Financial Corp. | 52,612 | 490,870 | |
Meridian Interstate Bancorp, Inc. (a) | 21,767 | 281,447 | |
Meta Financial Group, Inc. | 9,879 | 212,497 | |
MGIC Investment Corp. (a)(d) | 399,147 | 1,800,153 | |
MutualFirst Financial, Inc. | 4,269 | 37,781 | |
NASB Financial, Inc. (a) | 3,384 | 46,936 | |
New England Bancshares, Inc. | 10,376 | 103,241 | |
New Hampshire Thrift Bancshare | 2,577 | 30,821 | |
New York Community Bancorp, Inc. (d) | 950,390 | 12,364,574 | |
Newport Bancorp, Inc. (a) | 579 | 7,452 | |
Northeast Community Bancorp, Inc. | 8,762 | 60,370 | |
Northfield Bancorp, Inc. (d) | 57,830 | 796,897 | |
Northwest Bancshares, Inc. | 211,159 | 2,664,827 | |
Ocean Shore Holding Co. | 3,679 | 40,579 | |
OceanFirst Financial Corp. | 36,227 | 497,397 | |
Oconee Federal Financial Corp. | 4,827 | 57,924 | |
Ocwen Financial Corp. (a) | 208,788 | 3,363,575 | |
Oneida Financial Corp. | 2,810 | 27,426 | |
Oritani Financial Corp. | 106,486 | 1,387,513 | |
Peoples Federal Bancshares, Inc. (a) | 9,219 | 145,660 | |
Poage Bankshares, Inc. | 6,654 | 76,854 | |
Provident Financial Holdings, Inc. | 21,034 | 216,861 | |
Provident Financial Services, Inc. | 125,938 | 1,730,388 | |
Provident New York Bancorp | 82,178 | 700,978 | |
Pulaski Financial Corp. (d) | 11,679 | 86,775 | |
PVF Capital Corp. (a) | 16,043 | 27,434 | |
Radian Group, Inc. (d) | 272,066 | 1,031,130 | |
Riverview Bancorp, Inc. (a) | 20,156 | 45,553 | |
Rockville Financial, Inc. | 29,962 | 346,061 | |
Roma Financial Corp. | 24,222 | 247,307 | |
SI Financial Group, Inc. | 9,136 | 96,019 | |
Southern Missouri Bancorp, Inc. | 376 | 8,874 | |
SP Bancorp, Inc. (a) | 1,088 | 12,828 | |
Teche Holding Co. | 200 | 7,482 | |
Territorial Bancorp, Inc. | 25,512 | 535,752 | |
TF Financial Corp. | 1,866 | 46,016 | |
TFS Financial Corp. (a)(d) | 196,440 | 1,836,714 | |
Timberland Bancorp, Inc. (a) | 12,774 | 53,651 | |
Tree.com, Inc. (a) | 19,703 | 150,531 | |
Trustco Bank Corp., New York | 220,181 | 1,180,170 | |
United Community Financial Corp., Ohio (a) | 28,070 | 37,895 | |
United Financial Bancorp, Inc. | 38,185 | 605,232 | |
ViewPoint Financial Group | 52,099 | 780,964 | |
| |||
Shares | Value | ||
Walker & Dunlop, Inc. (a) | 26,794 | $ 333,585 | |
Washington Federal, Inc. (d) | 287,542 | 4,658,180 | |
Waterstone Financial, Inc. (a) | 7,726 | 18,311 | |
Westfield Financial, Inc. | 94,628 | 750,400 | |
Wolverine Bancorp, Inc. (a) | 7,456 | 112,809 | |
WSFS Financial Corp. | 22,660 | 872,183 | |
| 63,669,403 | ||
TOTAL FINANCIALS | 1,325,234,224 | ||
HEALTH CARE - 10.8% | |||
Biotechnology - 3.3% | |||
Aastrom Biosciences, Inc. (a)(d) | 91,835 | 164,385 | |
Acadia Pharmaceuticals, Inc. (a) | 129,491 | 216,250 | |
Achillion Pharmaceuticals, Inc. (a)(d) | 105,385 | 1,106,543 | |
Acorda Therapeutics, Inc. (a) | 107,837 | 2,821,016 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 111,483 | 73,690 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 21,815 | 364,965 | |
Affymax, Inc. (a) | 70,739 | 722,245 | |
Agenus, Inc. (a)(d) | 33,987 | 108,419 | |
Alexion Pharmaceuticals, Inc. (a) | 414,118 | 34,674,100 | |
Alkermes PLC (a)(d) | 200,355 | 3,528,252 | |
Allos Therapeutics, Inc. (a) | 469,334 | 699,308 | |
Alnylam Pharmaceuticals, Inc. (a) | 97,437 | 1,299,810 | |
AMAG Pharmaceuticals, Inc. (a) | 57,756 | 913,122 | |
Amicus Therapeutics, Inc. (a)(d) | 29,661 | 177,373 | |
Amylin Pharmaceuticals, Inc. (a) | 272,317 | 4,653,898 | |
Anacor Pharmaceuticals, Inc. (a) | 27,640 | 164,182 | |
Anthera Pharmaceuticals, Inc. (a) | 50,448 | 333,966 | |
ARCA biopharma, Inc. (a)(d) | 20,234 | 19,829 | |
Ardea Biosciences, Inc. (a)(d) | 50,140 | 1,068,985 | |
Arena Pharmaceuticals, Inc. (a)(d) | 260,052 | 462,893 | |
ARIAD Pharmaceuticals, Inc. (a)(d) | 376,179 | 5,394,407 | |
ArQule, Inc. (a)(d) | 96,974 | 688,515 | |
Array Biopharma, Inc. (a) | 97,821 | 274,877 | |
Arrowhead Research Corp. (a)(d) | 16,316 | 87,454 | |
AspenBio Pharma, Inc. (a) | 11,947 | 10,513 | |
Astex Pharmaceuticals, Inc. (a)(d) | 168,442 | 308,249 | |
Athersys, Inc. (a) | 14,873 | 30,341 | |
AVEO Pharmaceuticals, Inc. (a)(d) | 87,809 | 1,145,029 | |
AVI BioPharma, Inc. (a)(d) | 377,335 | 392,428 | |
Avigen, Inc. rights (a) | 22,946 | 0 | |
BioCryst Pharmaceuticals, Inc. (a)(d) | 63,265 | 294,815 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 270,779 | 9,680,349 | |
BioMimetic Therapeutics, Inc. (a) | 45,475 | 94,588 | |
Biosante Pharmaceuticals, Inc. (a) | 223,743 | 172,864 | |
Biospecifics Technologies Corp. (a) | 11,833 | 204,948 | |
BioTime, Inc. (a)(d) | 63,632 | 317,524 | |
Cardium Therapeutics, Inc. (a)(d) | 106,276 | 30,639 | |
Catalyst Pharmaceutical Partners, Inc. (a)(d) | 16,419 | 18,225 | |
Cel-Sci Corp. (a)(d) | 411,094 | 154,366 | |
Cell Therapeutics, Inc. (a)(d) | 497,008 | 636,170 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Celldex Therapeutics, Inc. (a) | 87,079 | $ 330,029 | |
Celsion Corp. (a)(d) | 80,797 | 166,442 | |
Cepheid, Inc. (a)(d) | 132,997 | 5,371,749 | |
Chelsea Therapeutics International Ltd. (a)(d) | 111,861 | 412,767 | |
Cleveland Biolabs, Inc. (a)(d) | 63,757 | 233,988 | |
Clovis Oncology, Inc. (d) | 17,699 | 442,298 | |
Codexis, Inc. (a) | 55,475 | 218,572 | |
Coronado Biosciences, Inc. (a)(d) | 28,292 | 215,585 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 126,754 | 5,432,676 | |
Cubist Pharmaceuticals, Inc. rights (a) | 105,448 | 1 | |
Curis, Inc. (a)(d) | 148,476 | 669,627 | |
Cyclacel Pharmaceuticals, Inc. (a)(d) | 71,040 | 51,149 | |
Cytokinetics, Inc. (a) | 96,287 | 99,176 | |
Cytori Therapeutics, Inc. (a)(d) | 122,840 | 399,230 | |
CytRx Corp. (a)(d) | 376,603 | 129,551 | |
DARA BioSciences, Inc. (a)(d) | 10,188 | 17,014 | |
Dendreon Corp. (a)(d) | 334,116 | 3,762,146 | |
Discovery Laboratories, Inc. (a)(d) | 33,604 | 119,966 | |
DUSA Pharmaceuticals, Inc. (a) | 49,844 | 240,248 | |
Dyax Corp. (a)(d) | 226,428 | 337,378 | |
Dynavax Technologies Corp. (a)(d) | 237,000 | 995,400 | |
Emergent BioSolutions, Inc. (a) | 46,647 | 712,300 | |
EntreMed, Inc. (a) | 37,512 | 77,650 | |
Enzon Pharmaceuticals, Inc. (a)(d) | 134,828 | 953,234 | |
Exact Sciences Corp. (a)(d) | 98,158 | 921,704 | |
Exelixis, Inc. (a)(d) | 297,938 | 1,692,288 | |
Forticell Bioscience, Inc. (a) | 2 | 0 | |
Galena Biopharma, Inc. (a)(d) | 62,801 | 67,197 | |
Genomic Health, Inc. (a)(d) | 36,434 | 1,063,144 | |
GenVec, Inc. (a) | 22,127 | 59,743 | |
Geron Corp. (a) | 244,282 | 488,564 | |
GTx, Inc. (a) | 46,584 | 161,181 | |
Halozyme Therapeutics, Inc. (a)(d) | 197,396 | 2,272,028 | |
Hemispherx Biopharma, Inc. (a)(d) | 257,396 | 79,021 | |
Horizon Pharma, Inc. (d) | 23,401 | 80,733 | |
Human Genome Sciences, Inc. (a)(d) | 460,000 | 3,624,800 | |
iBio, Inc. (a)(d) | 90,664 | 73,429 | |
Idenix Pharmaceuticals, Inc. (a) | 175,634 | 2,067,212 | |
Idera Pharmaceuticals, Inc. (a) | 48,311 | 61,838 | |
ImmunoGen, Inc. (a)(d) | 217,186 | 2,990,651 | |
Immunomedics, Inc. (a)(d) | 140,629 | 500,639 | |
Incyte Corp. (a)(d) | 234,977 | 3,985,210 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 36,284 | 295,715 | |
Inovio Pharmaceuticals, Inc. (a) | 218,287 | 126,606 | |
Insmed, Inc. (a)(d) | 34,076 | 145,164 | |
InterMune, Inc. (a) | 143,706 | 1,928,535 | |
Ironwood Pharmaceuticals, Inc. | 118,987 | 1,593,236 | |
Isis Pharmaceuticals, Inc. (a)(d) | 211,106 | 1,923,176 | |
IsoRay, Inc. (a)(d) | 53,013 | 29,687 | |
| |||
Shares | Value | ||
Keryx Biopharmaceuticals, Inc. (a)(d) | 141,819 | $ 470,839 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 457,138 | 777,135 | |
Ligand Pharmaceuticals, Inc.: | |||
Class B (a) | 39,880 | 585,438 | |
General CVR | 26,087 | 509 | |
Glucagon CVR (a) | 26,087 | 391 | |
rights (a) | 26,087 | 652 | |
TR Beta CVR (a) | 26,087 | 261 | |
MannKind Corp. (a)(d) | 315,890 | 739,183 | |
Maxygen, Inc. (a) | 88,637 | 486,617 | |
Medgenics, Inc. (a) | 12,815 | 58,436 | |
MediciNova, Inc. (a)(d) | 37,660 | 94,150 | |
Medivation, Inc. (a)(d) | 78,000 | 5,109,780 | |
Metabolix, Inc. (a)(d) | 85,270 | 234,493 | |
Micromet, Inc. (a) | 183,229 | 2,013,687 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 94,651 | 1,387,584 | |
Myrexis, Inc. (a) | 78,861 | 252,355 | |
Myriad Genetics, Inc. (a) | 202,137 | 4,891,715 | |
Nabi Biopharmaceuticals (a) | 107,264 | 200,584 | |
Nanosphere, Inc. (a) | 67,194 | 145,139 | |
Neuralstem, Inc. (a) | 84,954 | 96,848 | |
Neurocrine Biosciences, Inc. (a) | 145,022 | 1,141,323 | |
NeurogesX, Inc. (a)(d) | 29,276 | 16,863 | |
NewLink Genetics Corp. | 11,673 | 98,754 | |
Novavax, Inc. (a)(d) | 175,645 | 223,069 | |
NPS Pharmaceuticals, Inc. (a)(d) | 170,911 | 1,165,613 | |
OncoGenex Pharmaceuticals, Inc. (a) | 17,988 | 287,448 | |
Oncothyreon, Inc. (a)(d) | 80,107 | 656,877 | |
ONYX Pharmaceuticals, Inc. (a) | 131,443 | 5,036,896 | |
Opexa Therapeutics, Inc. (a) | 33,277 | 30,948 | |
Opko Health, Inc. (a)(d) | 316,385 | 1,562,942 | |
OREXIGEN Therapeutics, Inc. (a) | 67,497 | 264,588 | |
Osiris Therapeutics, Inc. (a)(d) | 34,104 | 178,023 | |
OXiGENE, Inc. (a)(d) | 2,854 | 3,282 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 46,598 | 125,349 | |
PDL BioPharma, Inc. | 287,952 | 1,837,134 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 126,870 | 119,106 | |
Pharmacyclics, Inc. (a)(d) | 100,855 | 2,540,537 | |
PharmAthene, Inc. (a)(d) | 77,388 | 113,760 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 99,977 | 974,776 | |
PROLOR Biotech, Inc. (a)(d) | 110,536 | 637,793 | |
Raptor Pharmaceutical Corp. (a)(d) | 66,987 | 467,569 | |
Regeneron Pharmaceuticals, Inc. (a) | 165,608 | 17,354,062 | |
Repligen Corp. (a) | 65,974 | 290,945 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 117,188 | 59,824 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 205,189 | 2,051,890 | |
Sangamo Biosciences, Inc. (a)(d) | 106,420 | 560,833 | |
Savient Pharmaceuticals, Inc. (a)(d) | 337,000 | 677,370 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 109,407 | 513,119 | |
Seattle Genetics, Inc. (a)(d) | 219,964 | 4,060,535 | |
SIGA Technologies, Inc. (a)(d) | 109,876 | 313,147 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 123,410 | 1,751,188 | |
StemCells, Inc. (a)(d) | 72,956 | 80,252 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 58,396 | 101,609 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
Synageva BioPharma Corp. (a) | 13,673 | $ 510,276 | |
Synergy Pharmaceuticals, Inc. (a) | 2,100 | 9,408 | |
Synta Pharmaceuticals Corp. (a)(d) | 83,205 | 397,720 | |
Targacept, Inc. (a) | 126,780 | 864,640 | |
Telik, Inc. (a)(d) | 81,953 | 11,473 | |
Tengion, Inc. (a) | 27,587 | 17,104 | |
Theravance, Inc. (a)(d) | 161,982 | 3,029,063 | |
Threshold Pharmaceuticals, Inc. (a)(d) | 45,958 | 238,522 | |
Tranzyme, Inc. | 27,277 | 137,476 | |
Trius Therapeutics, Inc. (a) | 68,002 | 344,090 | |
United Therapeutics Corp. (a) | 128,305 | 6,123,998 | |
Vanda Pharmaceuticals, Inc. (a)(d) | 82,121 | 381,041 | |
Verastem, Inc. | 1,695 | 19,662 | |
Vertex Pharmaceuticals, Inc. (a)(d) | 458,877 | 17,859,493 | |
Vical, Inc. (a)(d) | 181,350 | 580,320 | |
XOMA Corp. (a) | 70,792 | 106,896 | |
Zalicus, Inc. (a)(d) | 139,798 | 139,798 | |
ZIOPHARM Oncology, Inc. (a)(d) | 150,702 | 739,947 | |
| 215,483,356 | ||
Health Care Equipment & Supplies - 2.4% | |||
Abaxis, Inc. (a)(d) | 51,787 | 1,375,463 | |
Abiomed, Inc. (a)(d) | 101,392 | 2,117,065 | |
Accuray, Inc. (a)(d) | 136,087 | 922,670 | |
Alere, Inc. (a) | 178,442 | 4,537,780 | |
Align Technology, Inc. (a)(d) | 136,172 | 3,487,365 | |
Allied Healthcare Products, Inc. (a) | 4,954 | 16,596 | |
Alphatec Holdings, Inc. (a)(d) | 200,628 | 377,181 | |
Analogic Corp. | 26,724 | 1,521,932 | |
Angiodynamics, Inc. (a)(d) | 50,411 | 656,351 | |
Anika Therapeutics, Inc. (a)(d) | 35,451 | 402,723 | |
Antares Pharma, Inc. (a)(d) | 291,705 | 735,097 | |
ArthroCare Corp. (a) | 55,655 | 1,452,596 | |
Atricure, Inc. (a) | 20,142 | 205,448 | |
Atrion Corp. | 3,467 | 714,202 | |
Bacterin International Holdings, Inc. (a)(d) | 41,452 | 122,698 | |
BioLase Technology, Inc. (d) | 74,659 | 203,072 | |
Bovie Medical Corp. (a)(d) | 27,980 | 81,142 | |
BSD Medical Corp. (a)(d) | 95,648 | 209,469 | |
Cantel Medical Corp. (d) | 49,563 | 1,000,677 | |
Cardica, Inc. (a)(d) | 38,892 | 78,562 | |
Cardiovascular Systems, Inc. (a)(d) | 30,872 | 279,392 | |
Cerus Corp. (a)(d) | 105,314 | 395,981 | |
Conceptus, Inc. (a)(d) | 54,532 | 734,546 | |
CONMED Corp. (d) | 63,622 | 1,898,480 | |
Cryolife, Inc. (a) | 62,316 | 339,622 | |
Cutera, Inc. (a) | 28,281 | 264,427 | |
Cyberonics, Inc. (a)(d) | 67,789 | 2,523,784 | |
Cynosure, Inc. Class A (a) | 19,062 | 339,113 | |
Daxor Corp. | 5,176 | 47,774 | |
Delcath Systems, Inc. (a)(d) | 94,694 | 412,866 | |
| |||
Shares | Value | ||
Derma Sciences, Inc. (a) | 20,252 | $ 177,610 | |
DexCom, Inc. (a)(d) | 136,213 | 1,469,738 | |
Digirad Corp. (a) | 23,301 | 44,971 | |
Dynatronics Corp. (a) | 17,122 | 14,211 | |
DynaVox, Inc. Class A (a) | 32,839 | 104,100 | |
Endologix, Inc. (a)(d) | 105,384 | 1,394,230 | |
EnteroMedics, Inc. (a) | 52,210 | 113,818 | |
Escalon Medical Corp. (a) | 3,512 | 3,582 | |
Exactech, Inc. (a)(d) | 17,847 | 283,589 | |
Fonar Corp. (a) | 785 | 1,570 | |
Gen-Probe, Inc. (a)(d) | 101,709 | 6,944,691 | |
Genmark Diagnostics, Inc. (a) | 39,385 | 163,842 | |
Greatbatch, Inc. (a)(d) | 47,755 | 1,181,936 | |
Haemonetics Corp. (a)(d) | 60,279 | 4,040,501 | |
Hansen Medical, Inc. (a)(d) | 150,643 | 480,551 | |
Hill-Rom Holdings, Inc. | 134,674 | 4,574,876 | |
Hologic, Inc. (a) | 617,315 | 12,796,940 | |
ICU Medical, Inc. (a)(d) | 29,363 | 1,347,174 | |
IDEXX Laboratories, Inc. (a)(d) | 127,786 | 10,957,650 | |
Insulet Corp. (a)(d) | 83,545 | 1,647,507 | |
Integra LifeSciences Holdings Corp. (a) | 42,090 | 1,330,044 | |
Invacare Corp. | 67,101 | 1,107,838 | |
Iridex Corp. (a) | 9,439 | 38,511 | |
IRIS International, Inc. (a) | 45,897 | 512,669 | |
IVAX Diagnostics, Inc. (a) | 7,111 | 3,556 | |
Kensey Nash Corp. | 23,000 | 519,340 | |
Kewaunee Scientific Corp. | 5,250 | 43,418 | |
Kips Bay Medical, Inc. | 9,803 | 13,920 | |
LeMaitre Vascular, Inc. | 13,768 | 77,101 | |
Mako Surgical Corp. (a)(d) | 99,656 | 3,896,550 | |
Masimo Corp. (a)(d) | 148,292 | 3,232,766 | |
Medical Action Industries, Inc. (a) | 32,086 | 173,906 | |
MELA Sciences, Inc. (a)(d) | 127,887 | 590,838 | |
Meridian Bioscience, Inc. (d) | 89,034 | 1,604,393 | |
Merit Medical Systems, Inc. (a) | 88,449 | 1,107,381 | |
Natus Medical, Inc. (a) | 56,741 | 594,078 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 198,413 | 595,239 | |
Neogen Corp. (a)(d) | 52,582 | 1,824,595 | |
NeuroMetrix, Inc. (a) | 4,110 | 3,206 | |
NuVasive, Inc. (a)(d) | 91,681 | 1,438,475 | |
NxStage Medical, Inc. (a)(d) | 102,782 | 2,055,640 | |
OraSure Technologies, Inc. (a) | 93,746 | 940,272 | |
Orthofix International NV (a)(d) | 56,449 | 2,213,365 | |
Palomar Medical Technologies, Inc. (a) | 45,060 | 497,462 | |
Quidel Corp. (a)(d) | 58,570 | 830,523 | |
ResMed, Inc. (a)(d) | 342,538 | 10,036,363 | |
Retractable Technologies, Inc. (a) | 5,601 | 6,721 | |
Rochester Medical Corp. (a) | 22,381 | 209,934 | |
Rockwell Medical Technologies, Inc. (a)(d) | 39,941 | 379,040 | |
RTI Biologics, Inc. (a) | 112,823 | 417,445 | |
Sirona Dental Systems, Inc. (a) | 116,114 | 5,794,089 | |
Solta Medical, Inc. (a) | 115,233 | 327,262 | |
SonoSite, Inc. (a) | 29,726 | 1,602,826 | |
Staar Surgical Co. (a)(d) | 69,588 | 725,803 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
Stereotaxis, Inc. (a)(d) | 116,456 | $ 89,089 | |
Steris Corp. | 111,492 | 3,498,619 | |
SurModics, Inc. (a)(d) | 30,705 | 436,011 | |
Symmetry Medical, Inc. (a)(d) | 73,616 | 532,980 | |
Synergetics USA, Inc. (a) | 65,159 | 410,502 | |
Teleflex, Inc. | 87,505 | 5,186,421 | |
The Cooper Companies, Inc. | 112,952 | 8,977,425 | |
The Spectranetics Corp. (a) | 69,914 | 542,533 | |
Theragenics Corp. (a) | 80,225 | 127,558 | |
ThermoGenesis Corp. (a)(d) | 36,219 | 36,581 | |
Thoratec Corp. (a)(d) | 124,408 | 4,292,076 | |
TranS1, Inc. (a) | 28,877 | 84,898 | |
Unilife Corp. (a)(d) | 218,690 | 811,340 | |
Urologix, Inc. (a)(d) | 5,053 | 6,973 | |
Uroplasty, Inc. (a)(d) | 38,436 | 106,083 | |
Utah Medical Products, Inc. | 5,647 | 171,951 | |
Vascular Solutions, Inc. (a) | 26,619 | 279,233 | |
Vermillion, Inc. (a)(d) | 26,315 | 34,736 | |
Vision Sciences, Inc. (a)(d) | 22,011 | 37,639 | |
Volcano Corp. (a)(d) | 108,590 | 3,043,778 | |
West Pharmaceutical Services, Inc. (d) | 69,155 | 2,876,848 | |
Wright Medical Group, Inc. (a)(d) | 79,689 | 1,319,650 | |
Young Innovations, Inc. | 13,402 | 405,411 | |
Zeltiq Aesthetics, Inc. (d) | 16,144 | 178,876 | |
Zoll Medical Corp. (a) | 45,467 | 3,325,911 | |
| 156,754,852 | ||
Health Care Providers & Services - 2.7% | |||
Acadia Healthcare Co., Inc. (a) | 14,095 | 197,189 | |
Accretive Health, Inc. (a)(d) | 115,243 | 2,995,166 | |
Adcare Health Systems, Inc. | 10,388 | 46,330 | |
Addus HomeCare Corp. (a) | 22,321 | 80,356 | |
Advocat, Inc. | 10,190 | 61,344 | |
Air Methods Corp. (a)(d) | 23,292 | 2,101,637 | |
Alliance Healthcare Services, Inc. (a) | 113,811 | 154,783 | |
Almost Family, Inc. (a) | 17,026 | 389,555 | |
Amedisys, Inc. (a) | 67,342 | 865,345 | |
American CareSource Holdings, Inc. (a) | 6,161 | 3,142 | |
AMERIGROUP Corp. (a) | 103,533 | 7,032,997 | |
AMN Healthcare Services, Inc. (a) | 100,708 | 537,781 | |
AmSurg Corp. (a)(d) | 69,905 | 1,826,618 | |
Assisted Living Concepts, Inc. Class A | 40,594 | 651,534 | |
Bio-Reference Laboratories, Inc. (a)(d) | 47,759 | 961,866 | |
BioScrip, Inc. (a)(d) | 108,642 | 688,790 | |
Birner Dental Management Services, Inc. | 483 | 8,936 | |
Brookdale Senior Living, Inc. (a) | 210,213 | 3,918,370 | |
Capital Senior Living Corp. (a) | 48,537 | 415,962 | |
CardioNet, Inc. (a) | 56,333 | 179,702 | |
Catalyst Health Solutions, Inc. (a)(d) | 107,565 | 6,671,181 | |
Centene Corp. (a)(d) | 105,930 | 5,169,384 | |
Chemed Corp. | 53,951 | 3,335,251 | |
Chindex International, Inc. (a)(d) | 31,354 | 292,533 | |
| |||
Shares | Value | ||
Community Health Systems, Inc. (a) | 233,076 | $ 5,882,838 | |
Conmed Healthcare Management, Inc. (a) | 2,500 | 9,200 | |
Corvel Corp. (a) | 14,051 | 637,072 | |
Cross Country Healthcare, Inc. (a) | 74,123 | 419,536 | |
Emeritus Corp. (a) | 68,719 | 1,268,553 | |
ExamWorks Group, Inc. (a)(d) | 68,698 | 708,963 | |
Five Star Quality Care, Inc. (a) | 94,878 | 335,868 | |
Gentiva Health Services, Inc. (a) | 70,931 | 556,808 | |
Hanger Orthopedic Group, Inc. (a)(d) | 82,506 | 1,707,049 | |
HCA Holdings, Inc. | 397,398 | 10,598,605 | |
Health Management Associates, Inc. Class A (a)(d) | 525,469 | 3,877,961 | |
Health Net, Inc. (a) | 190,499 | 7,189,432 | |
HealthSouth Corp. (a)(d) | 198,298 | 4,037,347 | |
Healthways, Inc. (a) | 70,398 | 559,664 | |
Henry Schein, Inc. (a)(d) | 206,787 | 15,306,374 | |
HMS Holdings Corp. (a)(d) | 187,803 | 6,051,013 | |
Hooper Holmes, Inc. (a) | 128,551 | 89,806 | |
InfuSystems Holdings, Inc. (a) | 5,400 | 10,908 | |
Integramed America, Inc. (a) | 12,500 | 137,625 | |
IPC The Hospitalist Co., Inc. (a) | 40,062 | 1,457,055 | |
Kindred Healthcare, Inc. (a)(d) | 123,250 | 1,268,243 | |
Landauer, Inc. | 21,955 | 1,177,666 | |
LCA-Vision, Inc. (a) | 46,621 | 401,873 | |
LHC Group, Inc. (a) | 36,807 | 626,455 | |
LifePoint Hospitals, Inc. (a)(d) | 111,238 | 4,334,945 | |
Lincare Holdings, Inc. | 215,805 | 5,796,522 | |
Magellan Health Services, Inc. (a) | 73,679 | 3,482,070 | |
Medcath Corp. (a) | 19,048 | 147,812 | |
MEDNAX, Inc. (a)(d) | 115,837 | 8,617,114 | |
Metropolitan Health Networks, Inc. (a)(d) | 88,677 | 741,340 | |
MModal, Inc. (a) | 74,136 | 762,859 | |
Molina Healthcare, Inc. (a)(d) | 62,000 | 2,105,520 | |
MWI Veterinary Supply, Inc. (a)(d) | 25,757 | 2,229,783 | |
National Healthcare Corp. | 33,268 | 1,491,072 | |
National Research Corp. | 7,576 | 292,661 | |
NeoStem, Inc. (a)(d) | 160,272 | 91,355 | |
Omnicare, Inc. | 244,024 | 8,584,764 | |
Owens & Minor, Inc. | 131,706 | 3,945,912 | |
PDI, Inc. (a) | 17,615 | 121,896 | |
PharMerica Corp. (a)(d) | 64,907 | 795,760 | |
Providence Service Corp. (a) | 27,523 | 414,221 | |
PSS World Medical, Inc. (a)(d) | 126,295 | 3,060,128 | |
Psychemedics Corp. | 15,744 | 160,274 | |
RadNet, Inc. (a)(d) | 74,982 | 224,196 | |
Select Medical Holdings Corp. (a)(d) | 122,570 | 1,032,039 | |
Sharps Compliance Corp. (a)(d) | 29,684 | 116,064 | |
Skilled Healthcare Group, Inc. (a)(d) | 74,963 | 489,508 | |
SRI/Surgical Express, Inc. (a) | 3,720 | 14,136 | |
Sun Healthcare Group, Inc. (a) | 50,315 | 224,405 | |
SunLink Health Systems, Inc. (a) | 19,190 | 19,382 | |
Sunrise Senior Living, Inc. (a)(d) | 117,342 | 908,227 | |
Team Health Holdings, Inc. (a) | 60,895 | 1,320,813 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
The Ensign Group, Inc. | 35,028 | $ 960,117 | |
Triple-S Management Corp. (a)(d) | 42,519 | 1,006,425 | |
U.S. Physical Therapy, Inc. | 23,352 | 443,922 | |
Universal American Spin Corp. (a) | 74,395 | 843,639 | |
Universal Health Services, Inc. Class B | 200,734 | 8,954,744 | |
Vanguard Health Systems, Inc. (a) | 84,109 | 837,726 | |
VCA Antech, Inc. (a)(d) | 190,439 | 4,187,754 | |
Wellcare Health Plans, Inc. (a)(d) | 89,421 | 6,068,109 | |
| 177,728,880 | ||
Health Care Technology - 0.4% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 438,148 | 8,465,019 | |
Arrhythmia Research Technology, Inc. | 9,913 | 37,769 | |
athenahealth, Inc. (a)(d) | 76,541 | 5,409,152 | |
Authentidate Holding Corp. (a) | 66,432 | 43,181 | |
Computer Programs & Systems, Inc. | 28,005 | 1,703,824 | |
Epocrates, Inc. (a)(d) | 34,986 | 325,370 | |
Greenway Medical Technologies | 14,256 | 210,989 | |
HealthStream, Inc. (a)(d) | 60,937 | 1,244,943 | |
iCAD, Inc. (a) | 113,074 | 57,668 | |
MedAssets, Inc. (a) | 127,164 | 1,815,902 | |
Medidata Solutions, Inc. (a)(d) | 84,401 | 1,682,956 | |
Mediware Information Systems, Inc. (a) | 10,347 | 155,412 | |
Merge Healthcare, Inc. (a) | 183,680 | 1,199,430 | |
Omnicell, Inc. (a)(d) | 80,848 | 1,206,252 | |
Quality Systems, Inc. | 75,236 | 3,225,367 | |
Simulations Plus, Inc. | 26,246 | 105,246 | |
Transcend Services, Inc. (a)(d) | 28,848 | 620,232 | |
| 27,508,712 | ||
Life Sciences Tools & Services - 1.0% | |||
Acceler8 Technology Corp. (a)(d) | 39,227 | 49,034 | |
Affymetrix, Inc. (a)(d) | 138,802 | 578,804 | |
Albany Molecular Research, Inc. (a) | 52,930 | 145,028 | |
Apricus Biosciences, Inc. (a)(d) | 65,877 | 225,299 | |
BG Medicine, Inc. (d) | 19,157 | 148,275 | |
Bio-Rad Laboratories, Inc. Class A (a) | 41,247 | 4,203,894 | |
Bioanalytical Systems, Inc. (a)(d) | 4,772 | 5,440 | |
BioClinica, Inc. (a) | 2,110 | 11,943 | |
Biodelivery Sciences International, Inc. (a) | 50,916 | 115,070 | |
Bruker BioSciences Corp. (a) | 190,665 | 3,056,360 | |
Cambrex Corp. (a) | 55,696 | 370,935 | |
Charles River Laboratories International, Inc. (a) | 115,000 | 4,039,950 | |
Combimatrix Corp. (a) | 2,030 | 3,126 | |
Complete Genomics, Inc. (a)(d) | 29,362 | 109,227 | |
Covance, Inc. (a) | 126,361 | 6,031,211 | |
Enzo Biochem, Inc. (a) | 71,931 | 185,582 | |
eResearchTechnology, Inc. (a) | 116,379 | 742,498 | |
Fluidigm Corp. (a) | 42,977 | 619,728 | |
Furiex Pharmaceuticals, Inc. (a) | 22,412 | 404,312 | |
| |||
Shares | Value | ||
Harvard Bioscience, Inc. (a) | 49,839 | $ 206,832 | |
Illumina, Inc. (a)(d) | 289,393 | 14,831,391 | |
Luminex Corp. (a)(d) | 105,575 | 2,372,270 | |
Medtox Scientific, Inc. (a) | 20,575 | 318,913 | |
Mettler-Toledo International, Inc. (a)(d) | 69,200 | 12,475,376 | |
Pacific Biosciences of California, Inc. (a)(d) | 86,062 | 358,879 | |
PAREXEL International Corp. (a) | 120,210 | 2,942,741 | |
pSivida Corp. (a)(d) | 55,999 | 119,838 | |
PURE Bioscience, Inc. (a) | 94,087 | 35,753 | |
Response Genetics, Inc. (a) | 4,777 | 9,793 | |
Sequenom, Inc. (a)(d) | 263,655 | 1,138,990 | |
SeraCare Life Sciences, Inc. (a) | 44,252 | 175,680 | |
Strategic Diagnostics, Inc. (a) | 32,256 | 65,480 | |
Techne Corp. | 85,451 | 6,117,437 | |
Virtualscopics, Inc. (a) | 21,674 | 25,575 | |
| 62,240,664 | ||
Pharmaceuticals - 1.0% | |||
AcelRx Pharmaceuticals, Inc. | 17,972 | 50,681 | |
Acura Pharmaceuticals, Inc. (a)(d) | 28,281 | 91,630 | |
Akorn, Inc. (a)(d) | 152,326 | 1,908,645 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 101,778 | 63,611 | |
Alimera Sciences, Inc. (a)(d) | 16,534 | 62,168 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 58,367 | 225,297 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 113,519 | 2,243,135 | |
AVANIR Pharmaceuticals Class A (a)(d) | 288,916 | 797,408 | |
Biodel, Inc. (a) | 55,601 | 35,307 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 123,636 | 463,635 | |
Cempra, Inc. | 14,617 | 109,628 | |
ChemoCentryx, Inc. | 8,614 | 88,207 | |
Columbia Laboratories, Inc. (a) | 152,776 | 100,832 | |
Corcept Therapeutics, Inc. (a)(d) | 131,028 | 514,940 | |
Cornerstone Therapeutics, Inc. (a) | 20,195 | 115,919 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 31,186 | 247,305 | |
DepoMed, Inc. (a)(d) | 110,510 | 695,108 | |
Durect Corp. (a) | 192,572 | 142,503 | |
Echo Therapeutics, Inc. (a)(d) | 90,982 | 168,317 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 269,816 | 10,002,079 | |
Endocyte, Inc. | 66,250 | 235,188 | |
Heska Corp. | 6,758 | 65,485 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 20,470 | 817,162 | |
Impax Laboratories, Inc. (a)(d) | 135,497 | 3,163,855 | |
Ista Pharmaceuticals, Inc. (a) | 101,886 | 843,616 | |
Jazz Pharmaceuticals PLC (a) | 31,973 | 1,677,623 | |
KV Pharmaceutical Co. Class A (a)(d) | 192,403 | 267,440 | |
Lannett Co., Inc. (a)(d) | 38,740 | 159,996 | |
MAP Pharmaceuticals, Inc. (a) | 54,808 | 879,668 | |
Medicis Pharmaceutical Corp. Class A | 156,023 | 5,451,444 | |
Nektar Therapeutics (a)(d) | 230,474 | 1,652,499 | |
NuPathe, Inc. (a)(d) | 4,564 | 13,738 | |
Obagi Medical Products, Inc. (a) | 38,431 | 436,192 | |
Oculus Innovative Sciences, Inc. (a)(d) | 45,130 | 63,182 | |
Omeros Corp. (a) | 37,753 | 256,720 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Optimer Pharmaceuticals, Inc. (a)(d) | 83,856 | $ 1,072,518 | |
Pacira Pharmaceuticals, Inc. (d) | 27,673 | 296,101 | |
Pain Therapeutics, Inc. (a) | 81,649 | 299,652 | |
Par Pharmaceutical Companies, Inc. (a) | 75,620 | 2,806,258 | |
Pernix Therapeutics Holdings, Inc. (a) | 16,867 | 145,394 | |
Pozen, Inc. (a)(d) | 51,346 | 223,869 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 136,199 | 5,298,141 | |
Repros Therapeutics, Inc. (a)(d) | 33,329 | 139,982 | |
Sagent Pharmaceuticals, Inc. (d) | 30,621 | 664,169 | |
Salix Pharmaceuticals Ltd. (a) | 109,684 | 5,409,615 | |
Santarus, Inc. (a) | 112,545 | 508,703 | |
Somaxon Pharmaceuticals, Inc. (a)(d) | 72,498 | 44,224 | |
Sucampo Pharmaceuticals, Inc. | 9,550 | 69,715 | |
Synthetic Biologics, Inc. (a)(d) | 51,943 | 114,275 | |
The Medicines Company (a) | 111,789 | 2,395,638 | |
Transcept Pharmaceuticals, Inc. (a)(d) | 11,502 | 96,042 | |
Ventrus Biosciences, Inc. (a)(d) | 24,780 | 264,650 | |
ViroPharma, Inc. (a)(d) | 160,618 | 5,149,413 | |
Vivus, Inc. (a)(d) | 200,087 | 4,501,958 | |
XenoPort, Inc. (a) | 68,811 | 275,244 | |
Zogenix, Inc. (a)(d) | 61,812 | 140,931 | |
| 64,026,655 | ||
TOTAL HEALTH CARE | 703,743,119 | ||
INDUSTRIALS - 14.5% | |||
Aerospace & Defense - 1.4% | |||
AAR Corp. | 94,381 | 2,081,101 | |
AeroVironment, Inc. (a)(d) | 58,230 | 1,658,390 | |
Alliant Techsystems, Inc. | 84,552 | 5,073,120 | |
American Science & Engineering, Inc. | 18,814 | 1,367,778 | |
API Technologies Corp. (a)(d) | 65,623 | 248,711 | |
Ascent Solar Technologies, Inc. (a)(d) | 173,479 | 131,844 | |
Astronics Corp. (a) | 26,386 | 882,084 | |
Astrotech Corp. (a) | 39,511 | 29,238 | |
BE Aerospace, Inc. (a) | 209,421 | 9,599,859 | |
Breeze Industrial Products Corp. (a) | 10,964 | 87,383 | |
Ceradyne, Inc. | 52,881 | 1,634,552 | |
CPI Aerostructures, Inc. (a) | 10,803 | 157,184 | |
Cubic Corp. | 32,575 | 1,557,085 | |
Curtiss-Wright Corp. (d) | 96,755 | 3,594,448 | |
DigitalGlobe, Inc. (a) | 77,952 | 1,198,902 | |
Ducommun, Inc. | 21,976 | 335,574 | |
EDAC Technologies Corp. (a) | 10,048 | 104,499 | |
Esterline Technologies Corp. (a) | 66,393 | 4,312,225 | |
Exelis, Inc. | 433,264 | 4,553,605 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 136,287 | 817,722 | |
GeoEye, Inc. (a)(d) | 57,169 | 1,158,816 | |
HEICO Corp. Class A | 74,281 | 2,962,326 | |
Hexcel Corp. (a)(d) | 225,862 | 5,707,533 | |
| |||
Shares | Value | ||
Huntington Ingalls Industries, Inc. (a) | 97,507 | $ 3,498,551 | |
Innovative Solutions & Support, Inc. (a) | 13,417 | 57,291 | |
KEYW Holding Corp. (a)(d) | 46,450 | 329,795 | |
Kratos Defense & Security Solutions, Inc. (a) | 83,336 | 530,850 | |
LMI Aerospace, Inc. (a) | 26,052 | 530,158 | |
Moog, Inc. Class A (a)(d) | 86,742 | 3,808,841 | |
National Presto Industries, Inc. | 11,507 | 996,391 | |
Orbital Sciences Corp. (a)(d) | 153,534 | 2,157,153 | |
SIFCO Industries, Inc. | 1,004 | 19,468 | |
Sparton Corp. (a) | 26,316 | 247,897 | |
Spirit AeroSystems Holdings, Inc. | 268,324 | 6,429,043 | |
Sypris Solutions, Inc. (a) | 13,260 | 49,990 | |
Taser International, Inc. (a)(d) | 148,024 | 596,537 | |
Teledyne Technologies, Inc. (a)(d) | 81,863 | 4,879,035 | |
TransDigm Group, Inc. (a) | 98,367 | 11,685,016 | |
Triumph Group, Inc. | 90,459 | 5,771,284 | |
| 90,841,279 | ||
Air Freight & Logistics - 0.2% | |||
Air Transport Services Group, Inc. (a) | 135,611 | 736,368 | |
Atlas Air Worldwide Holdings, Inc. (a)(d) | 54,389 | 2,318,059 | |
Forward Air Corp. | 65,552 | 2,207,136 | |
Hub Group, Inc. Class A (a)(d) | 77,568 | 2,763,748 | |
Pacer International, Inc. (a)(d) | 74,956 | 413,757 | |
Park-Ohio Holdings Corp. (a) | 19,844 | 372,075 | |
Radiant Logistics, Inc. (a) | 37,185 | 85,526 | |
UTI Worldwide, Inc. | 211,370 | 3,411,512 | |
XPO Logistics, Inc. (a) | 16,780 | 281,401 | |
| 12,589,582 | ||
Airlines - 0.8% | |||
Alaska Air Group, Inc. (a) | 81,476 | 5,586,809 | |
Allegiant Travel Co. (a)(d) | 42,309 | 2,114,604 | |
Delta Air Lines, Inc. (a) | 1,875,728 | 18,400,892 | |
Hawaiian Holdings, Inc. (a) | 220,393 | 1,170,287 | |
JetBlue Airways Corp. (a)(d) | 542,876 | 2,768,668 | |
Pinnacle Airlines Corp. (a)(d) | 44,001 | 51,481 | |
Republic Airways Holdings, Inc. (a) | 96,210 | 510,875 | |
SkyWest, Inc. | 108,897 | 1,243,604 | |
Spirit Airlines, Inc. (a) | 37,177 | 726,067 | |
United Continental Holdings, Inc. (a)(d) | 736,568 | 15,210,129 | |
US Airways Group, Inc. (a)(d) | 334,007 | 2,474,992 | |
| 50,258,408 | ||
Building Products - 0.6% | |||
A.O. Smith Corp. | 84,859 | 3,832,232 | |
AAON, Inc. (d) | 50,188 | 930,987 | |
Ameresco, Inc. Class A (a)(d) | 31,595 | 445,174 | |
American Woodmark Corp. | 19,231 | 273,273 | |
Apogee Enterprises, Inc. | 75,723 | 1,004,844 | |
Armstrong World Industries, Inc. (a)(d) | 43,954 | 2,251,324 | |
Builders FirstSource, Inc. (a) | 104,250 | 315,878 | |
Fortune Brands Home & Security, Inc. (a) | 362,164 | 7,004,252 | |
Gibraltar Industries, Inc. (a) | 71,043 | 981,814 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Griffon Corp. | 111,223 | $ 1,188,974 | |
Insteel Industries, Inc. | 37,536 | 471,452 | |
Lennox International, Inc. (d) | 121,219 | 4,743,299 | |
NCI Building Systems, Inc. (a)(d) | 41,117 | 497,516 | |
Nortek, Inc. (a) | 7,007 | 248,398 | |
Owens Corning (a) | 275,085 | 8,706,440 | |
PGT, Inc. (a) | 31,737 | 50,144 | |
Quanex Building Products Corp. | 77,730 | 1,322,187 | |
Simpson Manufacturing Co. Ltd. | 86,766 | 2,587,362 | |
Trex Co., Inc. (a)(d) | 30,535 | 822,308 | |
Universal Forest Products, Inc. (d) | 42,334 | 1,360,615 | |
US Home Systems, Inc. | 15,460 | 217,831 | |
USG Corp. (a)(d) | 158,276 | 2,255,433 | |
| 41,511,737 | ||
Commercial Services & Supplies - 1.5% | |||
A.T. Cross Co. Class A (a) | 14,209 | 141,380 | |
ABM Industries, Inc. (d) | 92,738 | 2,105,153 | |
ACCO Brands Corp. (a) | 130,000 | 1,534,000 | |
Acorn Energy, Inc. | 48,860 | 403,095 | |
American Reprographics Co. (a) | 75,972 | 401,132 | |
Amrep Corp. (a) | 2,187 | 18,721 | |
Asset Acceptance Capital Corp. (a) | 23,778 | 111,519 | |
Asta Funding, Inc. | 25,295 | 199,325 | |
Casella Waste Systems, Inc. Class A (a) | 61,767 | 404,574 | |
CECO Environmental Corp. | 10,861 | 77,656 | |
Cenveo, Inc. (a)(d) | 149,628 | 583,549 | |
Clean Harbors, Inc. (a)(d) | 102,263 | 6,867,983 | |
Command Security Corp. (a) | 4,127 | 5,984 | |
CompX International, Inc. Class A | 600 | 10,236 | |
Consolidated Graphics, Inc. (a) | 26,303 | 1,228,087 | |
Copart, Inc. (a) | 137,519 | 6,845,696 | |
Corrections Corp. of America (a) | 242,790 | 6,084,317 | |
Courier Corp. | 28,388 | 306,023 | |
Covanta Holding Corp. | 255,442 | 4,171,368 | |
Deluxe Corp. | 113,863 | 2,809,000 | |
Ecology & Environment, Inc. Class A | 5,634 | 94,426 | |
Encore Capital Group, Inc. (a) | 46,658 | 1,039,540 | |
EnergySolutions, Inc. (a)(d) | 182,988 | 770,379 | |
EnerNOC, Inc. (a) | 50,641 | 398,545 | |
Ennis, Inc. | 62,398 | 1,045,790 | |
Food Technology Service, Inc. (a) | 11,431 | 82,189 | |
Fuel Tech, Inc. (a)(d) | 64,292 | 397,967 | |
G&K Services, Inc. Class A | 39,177 | 1,305,769 | |
Healthcare Services Group, Inc. | 152,756 | 2,975,687 | |
Heritage-Crystal Clean, Inc. (a) | 10,239 | 226,384 | |
Herman Miller, Inc. | 126,594 | 2,658,474 | |
HNI Corp. | 76,702 | 1,939,027 | |
Hudson Technologies, Inc. (a) | 5,000 | 15,000 | |
Humitech International Group, Inc. (a) | 75 | 0 | |
Industrial Services of America, Inc. (a) | 12,843 | 69,866 | |
InnerWorkings, Inc. (a)(d) | 87,084 | 992,758 | |
| |||
Shares | Value | ||
Interface, Inc. Class A | 115,037 | $ 1,409,203 | |
Intersections, Inc. | 38,322 | 447,218 | |
KAR Auction Services, Inc. (a) | 62,861 | 1,010,176 | |
Kimball International, Inc. Class B | 57,256 | 352,697 | |
Knoll, Inc. | 97,493 | 1,503,342 | |
McGrath RentCorp. | 56,348 | 1,789,049 | |
Metalico, Inc. (a)(d) | 92,179 | 462,739 | |
Mine Safety Appliances Co. | 77,156 | 2,843,970 | |
Mobile Mini, Inc. (a)(d) | 90,516 | 1,955,146 | |
Multi-Color Corp. | 29,648 | 648,402 | |
NL Industries, Inc. | 15,515 | 229,622 | |
Perma-Fix Environmental Services, Inc. (a) | 115,539 | 192,950 | |
Portfolio Recovery Associates, Inc. (a)(d) | 36,809 | 2,566,692 | |
Quad/Graphics, Inc. | 79,207 | 1,185,729 | |
Rollins, Inc. | 155,505 | 3,150,531 | |
Schawk, Inc. Class A | 27,510 | 304,536 | |
Standard Parking Corp. (a) | 32,024 | 578,033 | |
Standard Register Co. (d) | 38,184 | 59,949 | |
Steelcase, Inc. Class A (d) | 179,677 | 1,577,564 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 239,774 | 707,334 | |
Sykes Enterprises, Inc. (a) | 87,326 | 1,203,352 | |
Team, Inc. (a)(d) | 39,317 | 1,203,100 | |
Tetra Tech, Inc. (a)(d) | 145,040 | 3,562,182 | |
The Brink's Co. | 97,784 | 2,469,046 | |
The Geo Group, Inc. (a)(d) | 145,491 | 2,562,097 | |
TMS International Corp. | 23,655 | 281,495 | |
TRC Companies, Inc. (a)(d) | 30,285 | 156,573 | |
Unifirst Corp. Massachusetts | 36,491 | 2,192,379 | |
United Stationers, Inc. | 100,653 | 2,922,963 | |
US Ecology, Inc. | 54,784 | 1,033,774 | |
Versar, Inc. (a) | 11,390 | 31,892 | |
Viad Corp. | 42,396 | 825,026 | |
Virco Manufacturing Co. | 4,818 | 9,877 | |
Waste Connections, Inc. | 243,270 | 7,911,140 | |
WCA Waste Corp. (a) | 27,200 | 176,528 | |
| 97,836,905 | ||
Construction & Engineering - 0.8% | |||
AECOM Technology Corp. (a) | 228,371 | 5,332,463 | |
Aegion Corp. (a)(d) | 104,477 | 1,839,840 | |
Argan, Inc. | 15,383 | 230,591 | |
Comfort Systems USA, Inc. | 79,056 | 904,401 | |
Dycom Industries, Inc. (a) | 99,803 | 2,123,808 | |
EMCOR Group, Inc. | 145,482 | 4,044,400 | |
Furmanite Corp. (a) | 78,211 | 570,940 | |
Granite Construction, Inc. | 73,710 | 2,108,106 | |
Great Lakes Dredge & Dock Corp. | 121,423 | 860,889 | |
Integrated Electrical Services, Inc. (a)(d) | 10,323 | 26,220 | |
KBR, Inc. | 322,174 | 11,701,360 | |
Layne Christensen Co. (a) | 40,869 | 988,621 | |
MasTec, Inc. (a)(d) | 177,197 | 3,116,895 | |
Michael Baker Corp. (a) | 16,454 | 397,035 | |
MYR Group, Inc. (a) | 45,089 | 903,133 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Northwest Pipe Co. (a)(d) | 22,062 | $ 540,078 | |
Orion Marine Group, Inc. (a) | 51,220 | 373,906 | |
Pike Electric Corp. (a) | 35,720 | 318,980 | |
Primoris Services Corp. | 86,156 | 1,325,079 | |
Shaw Group, Inc. (a) | 181,929 | 5,265,025 | |
Sterling Construction Co., Inc. (a) | 32,215 | 334,070 | |
Tutor Perini Corp. (a) | 73,728 | 1,163,428 | |
UniTek Global Services, Inc. (a) | 30,823 | 127,299 | |
URS Corp. | 184,683 | 8,061,413 | |
Willdan Group, Inc. (a) | 13,349 | 50,059 | |
| 52,708,039 | ||
Electrical Equipment - 1.4% | |||
A123 Systems, Inc. (a)(d) | 202,746 | 364,943 | |
Active Power, Inc. (a)(d) | 238,312 | 166,795 | |
Acuity Brands, Inc. (d) | 99,024 | 6,158,303 | |
Allied Motion Technologies, Inc. | 14,531 | 103,897 | |
Altair Nanotechnologies, Inc. (a)(d) | 144,426 | 99,654 | |
American Superconductor Corp. (a)(d) | 110,038 | 492,970 | |
AMETEK, Inc. | 351,877 | 16,749,345 | |
AZZ, Inc. | 25,466 | 1,278,393 | |
Babcock & Wilcox Co. (a) | 281,465 | 7,244,909 | |
Belden, Inc. | 99,003 | 3,907,648 | |
Brady Corp. Class A | 106,372 | 3,398,585 | |
Broadwind Energy, Inc. (a)(d) | 350,833 | 220,990 | |
Capstone Turbine Corp. (a)(d) | 666,220 | 739,504 | |
Coleman Cable, Inc. (a)(d) | 32,333 | 367,626 | |
Digital Power Corp. (a) | 4,959 | 10,116 | |
Ecotality, Inc. (a)(d) | 33,302 | 36,965 | |
Encore Wire Corp. | 42,785 | 1,246,327 | |
EnerSys (a)(d) | 109,128 | 3,664,518 | |
Espey Manufacturing & Electronics Corp. | 2,487 | 60,782 | |
Franklin Electric Co., Inc. | 53,361 | 2,668,584 | |
FuelCell Energy, Inc. (a)(d) | 272,108 | 405,441 | |
Generac Holdings, Inc. (a) | 65,375 | 1,663,140 | |
General Cable Corp. (a)(d) | 121,987 | 3,777,937 | |
Global Power Equipment Group, Inc. (a) | 37,928 | 919,754 | |
GrafTech International Ltd. (a)(d) | 321,667 | 4,088,388 | |
Hoku Corp. (a)(d) | 35,507 | 27,056 | |
Hubbell, Inc. Class B | 120,136 | 9,036,630 | |
II-VI, Inc. (a)(d) | 108,138 | 2,529,348 | |
Lime Energy Co. (a) | 31,271 | 100,380 | |
LSI Industries, Inc. | 44,151 | 305,083 | |
MagneTek, Inc. (a) | 6,645 | 91,302 | |
Nexxus Lighting, Inc. (a) | 32,997 | 36,627 | |
Ocean Power Technologies, Inc. (a)(d) | 24,836 | 83,201 | |
Orion Energy Systems, Inc. (a) | 65,072 | 156,173 | |
Plug Power, Inc. (a)(d) | 31,776 | 70,543 | |
Polypore International, Inc. (a)(d) | 89,089 | 3,663,340 | |
Powell Industries, Inc. (a) | 28,189 | 924,317 | |
PowerSecure International, Inc. (a) | 41,535 | 248,795 | |
Preformed Line Products Co. | 7,217 | 476,827 | |
| |||
Shares | Value | ||
Regal-Beloit Corp. (d) | 80,740 | $ 5,449,950 | |
Satcon Technology Corp. (a)(d) | 233,919 | 116,960 | |
SL Industries, Inc. (a) | 7,123 | 122,872 | |
Thermon Group Holdings, Inc. | 28,774 | 579,508 | |
Thomas & Betts Corp. (a) | 112,043 | 8,092,866 | |
Ultralife Corp. (a) | 43,594 | 214,918 | |
Universal Security Instruments, Inc. (a) | 4,000 | 22,400 | |
Valence Technology, Inc. (a)(d) | 182,149 | 169,399 | |
Vicor Corp. | 52,357 | 425,139 | |
Westinghouse Solar, Inc. (a)(d) | 8,750 | 4,813 | |
Zbb Energy Corp. (a)(d) | 44,500 | 30,705 | |
| 92,814,666 | ||
Industrial Conglomerates - 0.2% | |||
Carlisle Companies, Inc. | 148,655 | 7,254,364 | |
Raven Industries, Inc. | 37,521 | 2,365,699 | |
Seaboard Corp. (a)(d) | 785 | 1,501,799 | |
Standex International Corp. | 30,898 | 1,180,613 | |
| 12,302,475 | ||
Machinery - 4.0% | |||
Accuride Corp. (a) | 109,296 | 868,903 | |
Actuant Corp. Class A (d) | 142,296 | 4,008,478 | |
Adept Technology, Inc. (a) | 1,291 | 5,229 | |
AGCO Corp. (a) | 211,095 | 10,898,835 | |
Alamo Group, Inc. | 22,876 | 614,678 | |
Albany International Corp. Class A | 56,075 | 1,341,314 | |
Altra Holdings, Inc. (a)(d) | 56,063 | 1,092,668 | |
American Railcar Industries, Inc. (a)(d) | 20,486 | 604,337 | |
Ampco-Pittsburgh Corp. | 17,211 | 365,045 | |
Art's-Way Manufacturing Co., Inc. | 9,831 | 75,994 | |
Astec Industries, Inc. (a)(d) | 47,858 | 1,816,211 | |
Baldwin Technology Co., Inc. Class A (a) | 3,555 | 3,164 | |
Barnes Group, Inc. | 99,599 | 2,758,892 | |
Blount International, Inc. (a) | 108,737 | 1,864,840 | |
Briggs & Stratton Corp. (d) | 103,058 | 1,745,803 | |
Cascade Corp. | 20,962 | 1,116,017 | |
Chart Industries, Inc. (a)(d) | 70,003 | 4,787,505 | |
Chicago Rivet & Machine Co. | 772 | 14,961 | |
CIRCOR International, Inc. (d) | 43,123 | 1,427,803 | |
CLARCOR, Inc. (d) | 105,121 | 5,305,457 | |
Colfax Corp. (a) | 97,309 | 3,310,452 | |
Columbus McKinnon Corp. (NY Shares) (a) | 62,931 | 1,047,801 | |
Commercial Vehicle Group, Inc. (a) | 53,243 | 643,708 | |
Crane Co. | 105,218 | 5,110,438 | |
Donaldson Co., Inc. | 156,067 | 11,460,000 | |
Douglas Dynamics, Inc. | 51,117 | 664,521 | |
Dynamic Materials Corp. | 26,712 | 595,945 | |
Eastern Co. | 9,447 | 181,382 | |
Energy Recovery, Inc. (a)(d) | 100,626 | 216,346 | |
EnPro Industries, Inc. (a)(d) | 56,814 | 2,148,137 | |
ESCO Technologies, Inc. | 59,391 | 2,125,604 | |
Federal Signal Corp. (a)(d) | 171,898 | 807,921 | |
Flow International Corp. (a)(d) | 102,629 | 410,516 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
FreightCar America, Inc. | 44,428 | $ 1,228,434 | |
Gardner Denver, Inc. | 120,907 | 8,303,893 | |
Gorman-Rupp Co. | 37,881 | 1,093,624 | |
Graco, Inc. | 127,950 | 6,548,481 | |
Graham Corp. | 20,873 | 486,967 | |
Greenbrier Companies, Inc. (a)(d) | 47,797 | 1,208,308 | |
Hardinge, Inc. | 25,807 | 253,683 | |
Harsco Corp. | 178,657 | 3,971,545 | |
Hurco Companies, Inc. (a) | 13,162 | 313,650 | |
IDEX Corp. | 176,029 | 7,358,012 | |
ITT Corp. | 210,000 | 5,239,500 | |
John Bean Technologies Corp. | 58,324 | 1,007,255 | |
Kadant, Inc. (a) | 25,872 | 565,044 | |
Kaydon Corp. | 86,633 | 3,259,133 | |
Kennametal, Inc. | 183,562 | 8,456,701 | |
Key Technology, Inc. (a) | 12,346 | 171,362 | |
L.B. Foster Co. Class A | 22,446 | 661,035 | |
Lincoln Electric Holdings, Inc. (d) | 187,320 | 8,652,311 | |
Lindsay Corp. | 25,795 | 1,691,894 | |
Lydall, Inc. (a) | 38,154 | 347,583 | |
Manitex International, Inc. (a) | 25,247 | 166,125 | |
Manitowoc Co., Inc. (d) | 333,099 | 5,242,978 | |
Meritor, Inc. (a) | 237,010 | 1,756,244 | |
Met-Pro Corp. | 45,696 | 405,324 | |
MFRI, Inc. (a) | 13,428 | 109,035 | |
Middleby Corp. (a)(d) | 48,323 | 4,723,090 | |
Miller Industries, Inc. | 26,248 | 415,768 | |
Mueller Industries, Inc. | 78,612 | 3,616,152 | |
Mueller Water Products, Inc. Class A | 316,699 | 940,596 | |
NACCO Industries, Inc. Class A | 11,186 | 1,093,991 | |
Navistar International Corp. (a) | 153,098 | 6,396,434 | |
NN, Inc. (a)(d) | 36,484 | 326,167 | |
Nordson Corp. | 131,164 | 7,210,085 | |
Omega Flex, Inc. (a)(d) | 5,411 | 85,331 | |
Oshkosh Truck Corp. (a) | 223,740 | 5,215,379 | |
Pentair, Inc. (d) | 223,579 | 8,607,792 | |
PMFG, Inc. (a)(d) | 42,899 | 703,973 | |
RBC Bearings, Inc. (a)(d) | 48,450 | 2,204,960 | |
Robbins & Myers, Inc. | 94,399 | 4,607,615 | |
Sauer-Danfoss, Inc. (a) | 30,572 | 1,655,168 | |
SPX Corp. | 108,456 | 7,932,472 | |
Sun Hydraulics Corp. | 43,492 | 1,429,147 | |
Taylor Devices, Inc. (a) | 3,820 | 40,721 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 42,740 | 196,177 | |
Tennant Co. | 40,266 | 1,652,517 | |
Terex Corp. (a) | 234,056 | 5,942,682 | |
The L.S. Starrett Co. Class A | 14,574 | 182,904 | |
Timken Co. | 185,798 | 9,735,815 | |
Titan International, Inc. (d) | 84,495 | 2,081,957 | |
Toro Co. | 76,257 | 5,165,649 | |
| |||
Shares | Value | ||
TriMas Corp. (a)(d) | 72,342 | $ 1,752,847 | |
Trinity Industries, Inc. (d) | 165,896 | 5,766,545 | |
Twin Disc, Inc. (d) | 18,379 | 587,393 | |
Valmont Industries, Inc. | 46,892 | 5,208,294 | |
Wabash National Corp. (a)(d) | 172,087 | 1,817,239 | |
WABCO Holdings, Inc. (a) | 142,010 | 8,448,175 | |
Wabtec Corp. | 105,918 | 7,915,252 | |
Watts Water Technologies, Inc. Class A | 62,379 | 2,466,466 | |
Woodward, Inc. | 131,467 | 5,754,311 | |
WSI Industries, Inc. | 5,668 | 29,190 | |
| 259,845,280 | ||
Marine - 0.2% | |||
Alexander & Baldwin, Inc. | 93,131 | 4,322,210 | |
Baltic Trading Ltd. | 48,719 | 223,133 | |
Eagle Bulk Shipping, Inc. (a)(d) | 132,519 | 212,030 | |
Genco Shipping & Trading Ltd. (a)(d) | 62,443 | 427,735 | |
International Shipholding Corp. | 21,521 | 462,702 | |
Kirby Corp. (a)(d) | 120,903 | 8,296,364 | |
Rand Logistics, Inc. (a) | 22,234 | 191,879 | |
| 14,136,053 | ||
Professional Services - 1.3% | |||
Acacia Research Corp. - Acacia Technologies (a)(d) | 89,557 | 3,537,502 | |
Advisory Board Co. (a)(d) | 44,776 | 3,624,169 | |
Barrett Business Services, Inc. | 16,947 | 288,438 | |
CBIZ, Inc. (a)(d) | 95,075 | 617,988 | |
CDI Corp. | 25,347 | 380,458 | |
Corporate Executive Board Co. | 69,514 | 2,880,660 | |
CoStar Group, Inc. (a)(d) | 52,561 | 3,152,609 | |
CRA International, Inc. (a) | 21,805 | 519,177 | |
CTPartners Executive Search, Inc. (a) | 10,063 | 69,837 | |
Dolan Co. (a) | 69,097 | 620,491 | |
Exponent, Inc. (a) | 30,002 | 1,446,696 | |
Franklin Covey Co. (a)(d) | 30,881 | 271,753 | |
FTI Consulting, Inc. (a)(d) | 106,138 | 4,252,950 | |
GP Strategies Corp. (a)(d) | 31,405 | 491,802 | |
Heidrick & Struggles International, Inc. (d) | 35,769 | 726,826 | |
Hill International, Inc. (a) | 55,004 | 294,821 | |
Hudson Highland Group, Inc. (a) | 63,602 | 284,301 | |
Huron Consulting Group, Inc. (a) | 45,521 | 1,737,992 | |
ICF International, Inc. (a) | 38,479 | 997,760 | |
IHS, Inc. Class A (a)(d) | 102,340 | 9,678,294 | |
Innovaro, Inc. (a)(d) | 10,333 | 7,751 | |
Insperity, Inc. | 47,827 | 1,441,028 | |
Kelly Services, Inc. Class A (non-vtg.) | 60,489 | 907,335 | |
Kforce, Inc. (a) | 97,526 | 1,375,117 | |
Korn/Ferry International (a) | 96,434 | 1,540,051 | |
Lightbridge Corp. (a)(d) | 22,248 | 65,187 | |
Luna Innovations, Inc. (a) | 26,569 | 47,027 | |
Manpower, Inc. | 181,308 | 7,808,936 | |
Mastech Holdings, Inc. (a) | 2,512 | 13,339 | |
MISTRAS Group, Inc. (a) | 33,597 | 752,573 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
National Technical Systems, Inc. (a) | 1,200 | $ 6,180 | |
Navigant Consulting, Inc. (a)(d) | 103,551 | 1,398,974 | |
Nielsen Holdings B.V. (a) | 182,704 | 5,387,941 | |
Odyssey Marine Exploration, Inc. (a)(d) | 151,557 | 462,249 | |
On Assignment, Inc. (a)(d) | 74,694 | 1,036,753 | |
Pendrell Corp. (a)(d) | 385,235 | 932,269 | |
RCM Technologies, Inc. (a) | 22,706 | 122,839 | |
Resources Connection, Inc. | 95,261 | 1,245,061 | |
RPX Corp. | 34,916 | 588,335 | |
Spherix, Inc. (a) | 529 | 428 | |
TeamStaff, Inc. (a) | 2,300 | 4,692 | |
Towers Watson & Co. | 128,114 | 8,191,609 | |
TrueBlue, Inc. (a) | 90,684 | 1,501,727 | |
Verisk Analytics, Inc. (a) | 298,002 | 12,963,087 | |
VSE Corp. | 9,167 | 223,950 | |
| 83,898,962 | ||
Road & Rail - 1.3% | |||
AMERCO | 13,891 | 1,446,609 | |
Arkansas Best Corp. | 60,483 | 1,076,597 | |
Avis Budget Group, Inc. (a) | 275,343 | 3,551,925 | |
Celadon Group, Inc. | 50,144 | 740,125 | |
Con-way, Inc. | 113,856 | 3,364,445 | |
Covenant Transport Group, Inc. | 20,231 | 65,751 | |
Dollar Thrifty Automotive Group, Inc. (a) | 72,155 | 5,477,286 | |
Frozen Food Express Industries, Inc. (a) | 33,709 | 40,788 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 85,031 | 5,052,542 | |
Heartland Express, Inc. (d) | 161,117 | 2,331,363 | |
Hertz Global Holdings, Inc. (a) | 499,743 | 7,146,325 | |
J.B. Hunt Transport Services, Inc. | 211,248 | 10,818,010 | |
Kansas City Southern (a)(d) | 252,177 | 17,546,476 | |
Knight Transportation, Inc. | 147,277 | 2,522,855 | |
Landstar System, Inc. | 116,498 | 6,297,882 | |
Marten Transport Ltd. | 46,104 | 962,190 | |
Old Dominion Freight Lines, Inc. (a)(d) | 118,951 | 5,175,558 | |
P.A.M. Transportation Services, Inc. (a) | 12,026 | 138,058 | |
Patriot Transportation Holding, Inc. (a) | 15,144 | 340,740 | |
Quality Distribution, Inc. (a) | 39,452 | 513,271 | |
RailAmerica, Inc. (a) | 52,514 | 1,081,788 | |
Roadrunner Transportation Systems, Inc. (a) | 22,643 | 404,178 | |
Saia, Inc. (a) | 33,104 | 539,926 | |
Swift Transporation Co. (a) | 146,022 | 1,711,378 | |
Universal Truckload Services, Inc. | 12,809 | 199,692 | |
USA Truck, Inc. (a) | 17,441 | 142,667 | |
Werner Enterprises, Inc. | 106,019 | 2,567,780 | |
YRC Worldwide, Inc. (a)(d) | 16,089 | 147,053 | |
Zipcar, Inc. (a)(d) | 55,344 | 720,025 | |
| 82,123,283 | ||
Trading Companies & Distributors - 0.8% | |||
Aceto Corp. | 69,108 | 572,905 | |
| |||
Shares | Value | ||
Air Lease Corp. Class A (d) | 152,688 | $ 3,754,598 | |
Aircastle Ltd. | 107,319 | 1,460,612 | |
Applied Industrial Technologies, Inc. | 80,244 | 3,223,401 | |
Beacon Roofing Supply, Inc. (a) | 98,166 | 2,314,754 | |
BlueLinx Corp. (a) | 32,060 | 75,020 | |
CAI International, Inc. (a)(d) | 32,496 | 654,794 | |
DXP Enterprises, Inc. (a) | 26,651 | 986,087 | |
Essex Rental Corp. (a)(d) | 20,996 | 77,895 | |
GATX Corp. | 101,809 | 4,427,673 | |
H&E Equipment Services, Inc. (a)(d) | 60,666 | 1,048,915 | |
Houston Wire & Cable Co. | 36,511 | 518,456 | |
Interline Brands, Inc. (a) | 78,135 | 1,606,456 | |
Kaman Corp. | 54,234 | 1,870,531 | |
Lawson Products, Inc. | 23,255 | 379,289 | |
MSC Industrial Direct Co., Inc. Class A | 96,815 | 7,688,079 | |
RSC Holdings, Inc. (a) | 126,965 | 2,827,511 | |
Rush Enterprises, Inc. Class A (a)(d) | 68,991 | 1,643,366 | |
TAL International Group, Inc. | 45,877 | 1,653,407 | |
Textainer Group Holdings Ltd. | 56,095 | 1,863,476 | |
Titan Machinery, Inc. (a) | 34,326 | 898,998 | |
Transcat, Inc. (a) | 2,018 | 23,611 | |
United Rentals, Inc. (a)(d) | 129,966 | 5,416,983 | |
Watsco, Inc. | 54,113 | 3,863,127 | |
WESCO International, Inc. (a)(d) | 90,583 | 5,696,765 | |
Willis Lease Finance Corp. (a) | 16,932 | 245,006 | |
| 54,791,715 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a)(d) | 42,231 | 621,218 | |
TOTAL INDUSTRIALS | 946,279,602 | ||
INFORMATION TECHNOLOGY - 15.7% | |||
Communications Equipment - 1.5% | |||
Acme Packet, Inc. (a)(d) | 116,600 | 3,553,968 | |
ADTRAN, Inc. (d) | 134,261 | 4,732,700 | |
Alliance Fiber Optic Products, Inc. (a)(d) | 9,905 | 91,819 | |
Ambient Corp. (a) | 4,086 | 19,613 | |
American Electric Technologies, Inc. (a) | 1,200 | 5,700 | |
Anaren, Inc. (a) | 53,781 | 943,319 | |
Arris Group, Inc. (a) | 255,054 | 2,905,065 | |
Aruba Networks, Inc. (a)(d) | 214,522 | 4,631,530 | |
Aviat Networks, Inc. (a) | 125,073 | 328,942 | |
Aware, Inc. (a) | 1,100 | 4,829 | |
Bel Fuse, Inc. Class B (non-vtg.) | 23,302 | 407,319 | |
Black Box Corp. | 44,750 | 1,204,670 | |
Brocade Communications Systems, Inc. (a) | 972,340 | 5,620,125 | |
CalAmp Corp. (a) | 65,195 | 280,339 | |
Calix Networks, Inc. (a) | 75,213 | 679,926 | |
Ciena Corp. (a) | 233,651 | 3,486,073 | |
ClearOne Communications, Inc. (a) | 5,738 | 26,280 | |
Communications Systems, Inc. | 6,410 | 93,330 | |
Comtech Telecommunications Corp. (d) | 71,406 | 2,304,272 | |
Comverse Technology, Inc. (a) | 417,759 | 2,682,013 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Dialogic, Inc. (a)(d) | 41,259 | $ 34,233 | |
Digi International, Inc. (a)(d) | 59,093 | 664,205 | |
Ditech Networks, Inc. (a) | 31,199 | 27,770 | |
EchoStar Holding Corp. Class A (a) | 111,481 | 3,341,086 | |
EMCORE Corp. (a)(d) | 50,257 | 218,115 | |
Emulex Corp. (a) | 180,262 | 1,885,541 | |
Entrada Networks, Inc. (a) | 292 | 0 | |
Extreme Networks, Inc. (a) | 291,313 | 1,074,945 | |
Finisar Corp. (a)(d) | 187,394 | 3,802,224 | |
Globecomm Systems, Inc. (a)(d) | 45,031 | 652,499 | |
Harmonic, Inc. (a) | 282,298 | 1,662,735 | |
Infinera Corp. (a)(d) | 217,526 | 1,731,507 | |
InterDigital, Inc. (d) | 112,611 | 4,262,326 | |
Ixia (a)(d) | 101,044 | 1,396,428 | |
KVH Industries, Inc. (a)(d) | 38,479 | 351,698 | |
Lantronix, Inc. (a) | 2,994 | 8,832 | |
Loral Space & Communications Ltd. (a) | 31,060 | 2,212,714 | |
Meru Networks, Inc. (a)(d) | 34,816 | 164,332 | |
NETGEAR, Inc. (a)(d) | 77,718 | 2,919,865 | |
Network Engines, Inc. (a) | 84,070 | 119,379 | |
Network Equipment Technologies, Inc. (a)(d) | 65,892 | 47,508 | |
NumereX Corp. Class A (a)(d) | 15,136 | 147,273 | |
Oclaro, Inc. (a)(d) | 149,825 | 647,244 | |
Oplink Communications, Inc. (a) | 41,842 | 686,627 | |
Opnext, Inc. (a) | 103,950 | 104,990 | |
Optical Cable Corp. | 11,466 | 40,131 | |
ORBCOMM, Inc. (a)(d) | 76,335 | 246,562 | |
Parkervision, Inc. (a)(d) | 112,100 | 92,819 | |
PC-Tel, Inc. | 41,380 | 304,143 | |
Performance Technologies, Inc. (a) | 4,304 | 8,651 | |
Plantronics, Inc. | 121,706 | 4,539,634 | |
Polycom, Inc. (a) | 422,009 | 8,714,486 | |
Powerwave Technologies, Inc. (a)(d) | 62,771 | 89,135 | |
Procera Networks, Inc. (a) | 62,350 | 1,213,331 | |
Relm Wireless Corp. (a) | 22,872 | 29,505 | |
Riverbed Technology, Inc. (a)(d) | 370,932 | 10,560,434 | |
ShoreTel, Inc. (a)(d) | 46,585 | 250,161 | |
Sonus Networks, Inc. (a)(d) | 434,232 | 1,267,957 | |
Sycamore Networks, Inc. (a) | 42,692 | 788,521 | |
Symmetricom, Inc. (a) | 84,462 | 495,792 | |
Technical Communications Corp. | 2,835 | 28,889 | |
Tellabs, Inc. | 876,094 | 3,469,332 | |
Telular Corp. | 31,267 | 235,128 | |
Tessco Technologies, Inc. | 12,027 | 220,335 | |
TII Industries, Inc. (a) | 52,081 | 85,413 | |
Ubiquiti Networks, Inc. (d) | 18,442 | 484,656 | |
UTStarcom Holdings Corp. (a) | 269,059 | 376,683 | |
ViaSat, Inc. (a)(d) | 94,161 | 4,343,647 | |
Westell Technologies, Inc. Class A (a)(d) | 123,763 | 283,417 | |
| |||
Shares | Value | ||
Zhone Technologies, Inc. (a) | 52,950 | $ 63,540 | |
Zoom Technologies, Inc. (a)(d) | 16,744 | 20,930 | |
| 100,419,140 | ||
Computers & Peripherals - 1.0% | |||
3D Systems Corp. (a)(d) | 115,409 | 2,585,162 | |
Avid Technology, Inc. (a)(d) | 59,724 | 636,061 | |
Concurrent Computer Corp. (a) | 10,743 | 39,964 | |
Cray, Inc. (a) | 102,517 | 817,060 | |
Crossroads Systems, Inc. (a) | 4,003 | 22,017 | |
Datalink Corp. (a) | 27,110 | 230,706 | |
Dataram Corp. (a) | 23,649 | 18,683 | |
Diebold, Inc. | 155,786 | 6,095,906 | |
Dot Hill Systems Corp. (a)(d) | 105,073 | 146,051 | |
Electronics for Imaging, Inc. (a) | 98,666 | 1,574,709 | |
Fusion-io, Inc. (d) | 50,214 | 1,370,842 | |
Hauppauge Digital, Inc. (a) | 28,370 | 36,597 | |
Hutchinson Technology, Inc. (a)(d) | 81,684 | 177,254 | |
iGO, Inc. (a)(d) | 68,990 | 48,293 | |
Imation Corp. (a) | 71,887 | 449,294 | |
Immersion Corp. (a) | 59,376 | 385,350 | |
Intermec, Inc. (a)(d) | 127,048 | 950,319 | |
Interphase Corp. (a) | 11,825 | 58,534 | |
Intevac, Inc. (a)(d) | 55,110 | 435,369 | |
NCR Corp. (a) | 377,523 | 8,199,800 | |
Novatel Wireless, Inc. (a) | 94,259 | 323,308 | |
OCZ Technology Group, Inc. (a)(d) | 100,961 | 867,255 | |
Overland Storage, Inc. (a) | 39,227 | 90,614 | |
Presstek, Inc. (a) | 42,003 | 25,622 | |
QLogic Corp. (a)(d) | 218,035 | 3,748,022 | |
Qualstar Corp. (a) | 6,660 | 12,321 | |
Quantum Corp. (a) | 645,337 | 1,697,236 | |
Rimage Corp. | 26,174 | 286,605 | |
Seagate Technology | 930,000 | 24,421,800 | |
Silicon Graphics International Corp. (a)(d) | 63,117 | 611,604 | |
STEC, Inc. (a)(d) | 87,553 | 848,389 | |
Stratasys, Inc. (a)(d) | 42,042 | 1,548,827 | |
Super Micro Computer, Inc. (a)(d) | 56,365 | 932,277 | |
Synaptics, Inc. (a) | 70,726 | 2,599,181 | |
Transact Technologies, Inc. (a) | 18,832 | 126,928 | |
USA Technologies, Inc. (a)(d) | 79,221 | 80,805 | |
| 62,498,765 | ||
Electronic Equipment & Components - 2.2% | |||
ADDvantage Technologies Group, Inc. (a) | 11,928 | 25,884 | |
Advanced Photonix, Inc. Class A (a) | 41,087 | 31,226 | |
Aeroflex Holding Corp. (a) | 62,535 | 686,009 | |
Agilysys, Inc. (a)(d) | 40,517 | 326,162 | |
Anixter International, Inc. (a)(d) | 63,144 | 4,391,034 | |
Arrow Electronics, Inc. (a) | 243,188 | 9,763,998 | |
Avnet, Inc. (a) | 337,029 | 12,045,416 | |
AVX Corp. | 143,217 | 1,896,193 | |
Badger Meter, Inc. | 39,471 | 1,269,782 | |
Benchmark Electronics, Inc. (a) | 158,358 | 2,600,238 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
Brightpoint, Inc. (a)(d) | 148,301 | $ 1,305,049 | |
Checkpoint Systems, Inc. (a) | 81,844 | 908,468 | |
Clearfield, Inc. (a) | 20,779 | 117,817 | |
Cognex Corp. | 78,649 | 3,353,593 | |
Coherent, Inc. (a)(d) | 55,747 | 3,092,844 | |
Comverge, Inc. (a)(d) | 54,584 | 75,326 | |
CTS Corp. | 70,681 | 703,276 | |
Daktronics, Inc. | 76,570 | 689,130 | |
DDi Corp. | 48,439 | 526,532 | |
Digital Ally, Inc. (a) | 38,320 | 21,459 | |
Document Security Systems, Inc. (a)(d) | 33,614 | 152,271 | |
Dolby Laboratories, Inc. Class A (a)(d) | 130,195 | 4,956,524 | |
DTS, Inc. (a)(d) | 34,766 | 976,229 | |
Dynasil Corp. of America (a) | 9,408 | 20,321 | |
Echelon Corp. (a)(d) | 68,729 | 338,147 | |
Electro Rent Corp. | 41,793 | 754,364 | |
Electro Scientific Industries, Inc. | 49,520 | 685,357 | |
eMagin Corp. (a) | 59,153 | 187,515 | |
Fabrinet (a) | 39,355 | 703,274 | |
FARO Technologies, Inc. (a)(d) | 39,078 | 2,167,266 | |
FEI Co. (a)(d) | 81,048 | 3,608,257 | |
Frequency Electronics, Inc. (a) | 12,396 | 100,284 | |
Giga-Tronics, Inc. (a) | 4,585 | 5,823 | |
GTSI Corp. (a) | 18,931 | 89,354 | |
I. D. Systems Inc. (a) | 33,896 | 208,799 | |
Identive Group, Inc. (a)(d) | 104,855 | 232,778 | |
IEC Electronics Corp. (a) | 18,101 | 86,342 | |
Image Sensing Systems, Inc. (a) | 2,863 | 18,982 | |
Ingram Micro, Inc. Class A (a) | 329,601 | 6,305,267 | |
Insight Enterprises, Inc. (a) | 117,199 | 2,449,459 | |
Intelli-Check, Inc. (a) | 25,728 | 23,155 | |
IPG Photonics Corp. (a)(d) | 70,608 | 3,716,099 | |
Iteris, Inc. (a) | 52,448 | 78,672 | |
Itron, Inc. (a)(d) | 84,392 | 3,748,693 | |
KEMET Corp. (a) | 88,236 | 795,006 | |
KEY Tronic Corp. (a) | 21,607 | 234,220 | |
LeCroy Corp. (a) | 33,143 | 303,590 | |
LGL Group, Inc. (a) | 3,009 | 25,396 | |
LightPath Technologies, Inc. Class A (a) | 1,150 | 2,047 | |
Littelfuse, Inc. | 46,783 | 2,476,224 | |
LoJack Corp. (a) | 47,516 | 174,859 | |
LRAD Corp. (a)(d) | 62,271 | 88,425 | |
Maxwell Technologies, Inc. (a)(d) | 78,927 | 1,435,682 | |
Measurement Specialties, Inc. (a)(d) | 28,594 | 929,877 | |
Mercury Computer Systems, Inc. (a)(d) | 59,976 | 861,855 | |
Mesa Laboratories, Inc. | 4,658 | 249,156 | |
Methode Electronics, Inc. Class A | 85,089 | 778,564 | |
Micronetics, Inc. (a) | 3,743 | 31,404 | |
MicroVision, Inc. (a)(d) | 38,531 | 124,455 | |
MOCON, Inc. | 6,908 | 118,818 | |
MTS Systems Corp. | 32,386 | 1,590,476 | |
| |||
Shares | Value | ||
Multi-Fineline Electronix, Inc. (a) | 21,997 | $ 579,841 | |
Napco Security Technolgies, Inc. (a) | 17,472 | 47,000 | |
National Instruments Corp. | 220,244 | 5,858,490 | |
NeoPhotonics Corp. | 37,763 | 201,277 | |
NetList, Inc. (a)(d) | 52,442 | 182,498 | |
Newport Corp. (a) | 77,293 | 1,292,339 | |
OSI Systems, Inc. (a) | 38,821 | 2,290,439 | |
Par Technology Corp. (a) | 27,309 | 140,368 | |
Park Electrochemical Corp. | 43,720 | 1,246,020 | |
PC Connection, Inc. | 44,665 | 399,305 | |
PC Mall, Inc. (a) | 16,427 | 99,383 | |
Perceptron, Inc. (a) | 25,360 | 154,950 | |
Planar Systems, Inc. (a)(d) | 44,024 | 90,249 | |
Plexus Corp. (a) | 84,283 | 2,924,620 | |
Power-One, Inc. (a)(d) | 142,864 | 620,030 | |
Pulse Electronics Corp. | 91,084 | 280,539 | |
RadiSys Corp. (a) | 64,186 | 480,753 | |
RealD, Inc. (a)(d) | 106,015 | 1,250,977 | |
Research Frontiers, Inc. (a)(d) | 33,274 | 116,459 | |
RF Industries Ltd. | 13,982 | 49,776 | |
RF Monolithics, Inc. (a) | 3,462 | 3,427 | |
Richardson Electronics Ltd. | 33,307 | 408,344 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 64,495 | 1,513,053 | |
Rogers Corp. (a) | 32,685 | 1,212,287 | |
Sanmina-SCI Corp. (a) | 222,638 | 2,582,601 | |
ScanSource, Inc. (a)(d) | 59,194 | 2,190,178 | |
Sigmatron International, Inc. (a) | 762 | 2,972 | |
Superconductor Technologies, Inc. (a)(d) | 131,677 | 130,360 | |
SYNNEX Corp. (a)(d) | 51,035 | 2,104,173 | |
Tech Data Corp. (a)(d) | 102,257 | 5,468,704 | |
Trimble Navigation Ltd. (a)(d) | 266,343 | 13,394,389 | |
TTM Technologies, Inc. (a)(d) | 113,407 | 1,327,996 | |
Uni-Pixel Inc. (a)(d) | 7,005 | 37,337 | |
Universal Display Corp. (a)(d) | 85,087 | 3,514,944 | |
Viasystems Group, Inc. (a)(d) | 9,833 | 182,107 | |
Vicon Industries, Inc. (a) | 18,575 | 65,384 | |
Vishay Intertechnology, Inc. (a) | 368,581 | 4,518,803 | |
Vishay Precision Group, Inc. (a) | 25,449 | 373,846 | |
Wireless Ronin Technologies, Inc. (a) | 6,055 | 5,450 | |
Wireless Telecom Group, Inc. (a) | 11,376 | 13,537 | |
X-Rite, Inc. (a)(d) | 61,803 | 279,968 | |
Zygo Corp. (a) | 33,130 | 635,433 | |
| 143,933,328 | ||
Internet Software & Services - 1.6% | |||
Active Network, Inc. | 25,000 | 400,000 | |
Ancestry.com, Inc. (a)(d) | 61,834 | 1,408,579 | |
Angie's List, Inc. (d) | 18,823 | 301,168 | |
AOL, Inc. (a)(d) | 252,527 | 4,535,385 | |
Autobytel, Inc. (a) | 94,879 | 92,033 | |
Bankrate, Inc. (d) | 94,638 | 2,256,170 | |
Carbonite, Inc. (d) | 13,662 | 132,385 | |
comScore, Inc. (a)(d) | 102,141 | 2,246,081 | |
Constant Contact, Inc. (a)(d) | 59,717 | 1,805,842 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Internet Software & Services - continued | |||
Cornerstone OnDemand, Inc. | 50,351 | $ 1,044,280 | |
Crexendo, Inc. | 12,555 | 51,476 | |
DealerTrack Holdings, Inc. (a) | 83,885 | 2,336,197 | |
Demand Media, Inc. (a) | 71,346 | 489,434 | |
Dice Holdings, Inc. (a)(d) | 105,899 | 940,383 | |
Digital River, Inc. (a)(d) | 82,089 | 1,448,871 | |
EarthLink, Inc. | 265,160 | 1,980,745 | |
EasyLink Services International Corp. (a) | 70,918 | 331,187 | |
EDGAR Online, Inc. (a) | 50,000 | 37,500 | |
eGain Communications Corp. (a) | 29,357 | 152,950 | |
Equinix, Inc. (a)(d) | 105,426 | 14,778,617 | |
FriendFinder Networks, Inc. (a)(d) | 48,445 | 98,828 | |
Globalscape, Inc. (a) | 4,000 | 8,120 | |
GlowPoint, Inc. (a) | 49,485 | 146,476 | |
IAC/InterActiveCorp | 162,000 | 7,387,200 | |
InfoSpace, Inc. (a) | 94,187 | 1,093,511 | |
Internap Network Services Corp. (a)(d) | 107,514 | 804,205 | |
Internet Media Services, Inc. (a) | 7,375 | 664 | |
Internet Patents Corp. | 283 | 2,278 | |
IntraLinks Holdings, Inc. (a) | 152,382 | 896,006 | |
Inuvo, Inc. (a) | 12,036 | 10,832 | |
iPass, Inc. (a) | 111,360 | 240,538 | |
j2 Global, Inc. (d) | 116,398 | 3,441,889 | |
Keynote Systems, Inc. | 36,547 | 726,920 | |
KIT Digital, Inc. (a)(d) | 94,296 | 953,333 | |
Limelight Networks, Inc. (a)(d) | 135,298 | 508,720 | |
LinkedIn Corp. (a)(d) | 34,610 | 3,006,571 | |
Liquidity Services, Inc. (a)(d) | 51,451 | 2,225,256 | |
LivePerson, Inc. (a)(d) | 99,584 | 1,501,727 | |
Local.com Corp. (a)(d) | 49,826 | 118,586 | |
LogMeIn, Inc. (a)(d) | 44,733 | 1,648,858 | |
LookSmart Ltd. (a) | 40,635 | 57,295 | |
LoopNet, Inc. (a) | 89,472 | 1,646,285 | |
Marchex, Inc. Class B | 52,192 | 223,904 | |
Market Leader, Inc. (a) | 15,483 | 51,713 | |
Monster Worldwide, Inc. (a)(d) | 256,447 | 1,779,742 | |
Move, Inc. (a) | 78,204 | 685,067 | |
NIC, Inc. | 130,477 | 1,577,467 | |
Onstream Media Corp. (a) | 16,789 | 10,073 | |
Onvia.com, Inc. (a)(d) | 1,133 | 4,645 | |
OpenTable, Inc. (a)(d) | 48,875 | 2,370,438 | |
Openwave Systems, Inc. (a)(d) | 210,780 | 510,088 | |
Perficient, Inc. (a) | 61,052 | 737,508 | |
quepasa.com, Inc. (a)(d) | 52,817 | 208,099 | |
QuinStreet, Inc. (a)(d) | 73,086 | 763,749 | |
Rackspace Hosting, Inc. (a)(d) | 235,000 | 12,276,400 | |
RealNetworks, Inc. | 58,905 | 597,886 | |
Reis, Inc. (a) | 12,850 | 130,942 | |
Responsys, Inc. | 38,640 | 466,385 | |
Saba Software, Inc. (a) | 73,699 | 863,752 | |
SciQuest, Inc. (a) | 44,604 | 671,290 | |
| |||
Shares | Value | ||
Selectica, Inc. (a) | 2,268 | $ 10,433 | |
Spark Networks, Inc. (a) | 5,759 | 25,916 | |
SPS Commerce, Inc. (a) | 16,555 | 411,392 | |
Stamps.com, Inc. (a)(d) | 24,970 | 645,475 | |
Support.com, Inc. (a) | 144,855 | 478,022 | |
Synacor, Inc. | 14,627 | 71,380 | |
TechTarget, Inc. (a) | 27,794 | 191,779 | |
TheStreet.com, Inc. | 58,323 | 107,314 | |
Travelzoo, Inc. (a)(d) | 13,347 | 339,014 | |
United Online, Inc. | 183,141 | 926,693 | |
ValueClick, Inc. (a)(d) | 173,772 | 3,614,458 | |
Vertro, Inc. | 14,264 | 19,970 | |
VistaPrint Ltd. (a)(d) | 84,760 | 3,448,037 | |
Vocus, Inc. (a)(d) | 40,038 | 541,714 | |
Web.com, Inc. (a) | 54,104 | 716,337 | |
WebMD Health Corp. (a)(d) | 125,513 | 3,118,998 | |
WebMediaBrands, Inc. (a) | 31,939 | 21,719 | |
World Energy Solutions, Inc. (a) | 1,365 | 6,661 | |
XO Group, Inc. (a)(d) | 65,794 | 594,778 | |
Zillow, Inc. (a) | 7,673 | 244,922 | |
Zix Corp. (a) | 168,463 | 493,597 | |
| 103,251,138 | ||
IT Services - 2.0% | |||
Acxiom Corp. (a) | 165,489 | 2,323,466 | |
Alliance Data Systems Corp. (a)(d) | 119,383 | 14,488,321 | |
Analysts International Corp. (a) | 4,541 | 25,339 | |
Booz Allen Hamilton Holding Corp. | 47,885 | 881,563 | |
Broadridge Financial Solutions, Inc. | 260,289 | 6,335,434 | |
CACI International, Inc. Class A (a)(d) | 62,437 | 3,692,524 | |
Cardtronics, Inc. (a) | 87,852 | 2,335,985 | |
Cass Information Systems, Inc. | 21,038 | 809,753 | |
Ciber, Inc. (a) | 130,559 | 571,848 | |
Computer Task Group, Inc. (a)(d) | 35,213 | 517,983 | |
Convergys Corp. (a)(d) | 249,199 | 3,209,683 | |
CoreLogic, Inc. (a) | 241,426 | 3,713,132 | |
CSG Systems International, Inc. (a)(d) | 78,983 | 1,264,518 | |
CSP, Inc. | 3,555 | 13,580 | |
DST Systems, Inc. | 76,200 | 4,038,600 | |
Dynamics Research Corp. (a)(d) | 21,990 | 200,549 | |
Echo Global Logistics, Inc. (a)(d) | 33,275 | 618,915 | |
Edgewater Technology, Inc. (a) | 11,761 | 43,986 | |
EPAM Systems, Inc. | 16,881 | 238,191 | |
Euronet Worldwide, Inc. (a)(d) | 99,272 | 1,914,957 | |
ExlService Holdings, Inc. (a) | 38,889 | 1,081,892 | |
FleetCor Technologies, Inc. (a) | 64,896 | 2,403,099 | |
Forrester Research, Inc. | 32,652 | 1,052,374 | |
Gartner, Inc. Class A (a)(d) | 204,414 | 8,229,708 | |
Genpact Ltd. (a) | 258,576 | 4,142,388 | |
Global Cash Access Holdings, Inc. (a)(d) | 91,007 | 505,999 | |
Global Payments, Inc. | 171,549 | 8,855,359 | |
Hackett Group, Inc. (a) | 91,055 | 438,885 | |
Heartland Payment Systems, Inc. | 77,033 | 2,181,575 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Higher One Holdings, Inc. (a)(d) | 67,348 | $ 990,016 | |
iGate Corp. (a) | 60,504 | 1,054,585 | |
Information Services Group, Inc. (a)(d) | 46,725 | 59,574 | |
Innodata Isogen, Inc. (a) | 57,252 | 328,054 | |
Jack Henry & Associates, Inc. | 200,771 | 6,774,014 | |
Lender Processing Services, Inc. | 196,169 | 4,323,565 | |
Lionbridge Technologies, Inc. (a) | 146,424 | 379,238 | |
ManTech International Corp. Class A | 44,878 | 1,505,208 | |
Mattersight Corp. (a) | 7,980 | 45,805 | |
Maximus, Inc. | 87,818 | 3,662,889 | |
ModusLink Global Solutions, Inc. | 97,556 | 542,411 | |
MoneyGram International, Inc. (a) | 27,762 | 497,495 | |
NCI, Inc. Class A (a)(d) | 22,152 | 159,494 | |
NeuStar, Inc. Class A (a)(d) | 155,646 | 5,455,392 | |
Newtek Business Services, Inc. (a) | 5,503 | 7,154 | |
Official Payments Holdings, Inc. (a) | 27,138 | 137,318 | |
Online Resources Corp. (a) | 46,607 | 139,821 | |
PFSweb, Inc. (a) | 57,508 | 161,022 | |
PRG-Schultz International, Inc. (a) | 41,837 | 233,450 | |
Rainmaker Systems, Inc. (a) | 15,480 | 10,991 | |
Sapient Corp. (d) | 223,100 | 2,786,519 | |
ServiceSource International, Inc. | 80,504 | 1,352,467 | |
StarTek, Inc. (a) | 22,269 | 45,206 | |
Storage Engine, Inc. (a) | 500 | 0 | |
Stream Global Services, Inc. (a)(d) | 78,136 | 239,878 | |
Syntel, Inc. | 35,000 | 1,792,000 | |
Teletech Holdings, Inc. (a) | 89,822 | 1,371,582 | |
The Management Network Group, Inc. (a) | 2,929 | 7,323 | |
TNS, Inc. (a) | 54,495 | 998,893 | |
TSR, Inc. (a) | 2,039 | 8,972 | |
Unisys Corp. (a) | 78,384 | 1,464,213 | |
VeriFone Systems, Inc. (a)(d) | 237,720 | 11,384,411 | |
Virtusa Corp. (a) | 37,447 | 585,297 | |
WidePoint Corp. (a) | 102,981 | 81,355 | |
WPCS International, Inc. (a) | 38,998 | 60,057 | |
Wright Express Corp. (a)(d) | 79,653 | 4,928,928 | |
| 129,704,203 | ||
Office Electronics - 0.1% | |||
Zebra Technologies Corp. Class A (a) | 119,030 | 4,575,513 | |
Semiconductors & Semiconductor Equipment - 3.2% | |||
Advanced Energy Industries, Inc. (a)(d) | 78,334 | 940,008 | |
AEHR Test Systems (a) | 9,000 | 7,200 | |
Aetrium, Inc. (a) | 6,743 | 5,732 | |
Amkor Technology, Inc. (a)(d) | 216,408 | 1,382,847 | |
Amtech Systems, Inc. (a) | 19,914 | 174,447 | |
ANADIGICS, Inc. (a) | 156,061 | 401,077 | |
Applied Micro Circuits Corp. (a)(d) | 232,408 | 1,575,726 | |
Atmel Corp. (a)(d) | 1,024,641 | 10,359,121 | |
ATMI, Inc. (a)(d) | 76,660 | 1,688,820 | |
AuthenTec, Inc. (a) | 68,075 | 238,263 | |
| |||
Shares | Value | ||
Axcelis Technologies, Inc. (a) | 209,208 | $ 347,285 | |
AXT, Inc. (a) | 91,754 | 525,750 | |
Brooks Automation, Inc. | 166,153 | 1,985,528 | |
BTU International, Inc. (a) | 13,926 | 41,082 | |
Cabot Microelectronics Corp. | 56,016 | 2,814,804 | |
Cascade Microtech, Inc. (a) | 15,468 | 59,397 | |
Cavium, Inc. (a)(d) | 100,852 | 3,603,442 | |
Ceva, Inc. (a)(d) | 47,618 | 1,173,784 | |
Cirrus Logic, Inc. (a)(d) | 136,722 | 3,223,905 | |
Cohu, Inc. | 53,812 | 603,771 | |
Cree, Inc. (a)(d) | 245,000 | 7,421,050 | |
CVD Equipment Corp. (a) | 8,902 | 102,462 | |
CyberOptics Corp. (a) | 9,297 | 87,857 | |
Cymer, Inc. (a)(d) | 58,494 | 2,689,554 | |
Cypress Semiconductor Corp. | 372,708 | 6,429,213 | |
DayStar Technologies, Inc. (a) | 26,144 | 6,667 | |
Diodes, Inc. (a)(d) | 70,667 | 1,755,368 | |
DSP Group, Inc. (a) | 46,628 | 297,953 | |
Entegris, Inc. (a) | 275,618 | 2,491,587 | |
Entropic Communications, Inc. (a)(d) | 169,805 | 1,046,848 | |
Exar Corp. (a)(d) | 95,781 | 670,467 | |
Fairchild Semiconductor International, Inc. (a)(d) | 263,581 | 3,845,647 | |
FormFactor, Inc. (a) | 110,045 | 562,330 | |
FSI International, Inc. (a)(d) | 90,047 | 358,387 | |
GSI Technology, Inc. (a) | 42,569 | 195,817 | |
GT Advanced Technologies, Inc. (a)(d) | 350,724 | 3,002,197 | |
Hittite Microwave Corp. (a)(d) | 72,727 | 4,158,530 | |
Ikanos Communications, Inc. (a) | 115,443 | 86,652 | |
Inphi Corp. (a) | 37,505 | 538,572 | |
Integrated Device Technology, Inc. (a)(d) | 335,484 | 2,318,194 | |
Integrated Silicon Solution, Inc. (a)(d) | 51,768 | 547,705 | |
International Rectifier Corp. (a)(d) | 157,945 | 3,545,865 | |
Intersil Corp. Class A | 256,774 | 2,906,682 | |
Intest Corp. (a) | 31,319 | 108,677 | |
IXYS Corp. (a)(d) | 59,965 | 715,382 | |
Kopin Corp. (a)(d) | 153,988 | 554,357 | |
Kulicke & Soffa Industries, Inc. (a) | 219,474 | 2,471,277 | |
Lam Research Corp. (a)(d) | 281,564 | 11,741,219 | |
Lattice Semiconductor Corp. (a) | 235,951 | 1,554,917 | |
LTX-Credence Corp. (a) | 104,147 | 702,992 | |
Marvell Technology Group Ltd. (a) | 1,155,333 | 17,329,995 | |
Mattson Technology, Inc. (a) | 118,451 | 325,740 | |
Maxim Integrated Products, Inc. | 673,430 | 18,781,963 | |
MaxLinear, Inc. Class A (a) | 25,661 | 141,136 | |
MEMC Electronic Materials, Inc. (a) | 482,663 | 1,896,866 | |
MEMSIC, Inc. (a) | 8,643 | 26,361 | |
Micrel, Inc. | 96,504 | 1,029,698 | |
Microsemi Corp. (a)(d) | 178,762 | 3,739,701 | |
Mindspeed Technologies, Inc. (a) | 64,454 | 419,596 | |
MIPS Technologies, Inc. (a)(d) | 104,835 | 603,850 | |
MKS Instruments, Inc. | 117,201 | 3,510,170 | |
Monolithic Power Systems, Inc. (a) | 82,168 | 1,527,503 | |
MoSys, Inc. (a)(d) | 60,959 | 232,863 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Nanometrics, Inc. (a)(d) | 41,017 | $ 719,848 | |
NVE Corp. (a)(d) | 11,458 | 613,003 | |
Omnivision Technologies, Inc. (a)(d) | 127,409 | 2,085,685 | |
ON Semiconductor Corp. (a) | 1,034,453 | 9,382,489 | |
PDF Solutions, Inc. (a) | 40,505 | 325,255 | |
Pericom Semiconductor Corp. (a) | 65,839 | 506,302 | |
Photronics, Inc. (a)(d) | 114,532 | 802,869 | |
Pixelworks, Inc. (a) | 35,295 | 84,002 | |
PLX Technology, Inc. (a)(d) | 81,321 | 285,437 | |
PMC-Sierra, Inc. (a) | 478,571 | 3,287,783 | |
Power Integrations, Inc. | 57,924 | 2,160,565 | |
QuickLogic Corp. (a)(d) | 76,504 | 198,910 | |
Rambus, Inc. (a)(d) | 228,253 | 1,616,031 | |
Ramtron International Corp. (a) | 65,988 | 125,377 | |
RF Micro Devices, Inc. (a)(d) | 573,446 | 2,735,337 | |
Rubicon Technology, Inc. (a)(d) | 35,909 | 322,104 | |
Rudolph Technologies, Inc. (a)(d) | 62,052 | 612,453 | |
Semtech Corp. (a)(d) | 136,520 | 3,919,489 | |
Sigma Designs, Inc. (a) | 62,892 | 361,629 | |
Silicon Image, Inc. (a) | 164,044 | 848,107 | |
Silicon Laboratories, Inc. (a)(d) | 91,886 | 4,116,493 | |
Skyworks Solutions, Inc. (a)(d) | 399,723 | 10,780,529 | |
Spansion, Inc. Class A (a) | 142,425 | 1,823,040 | |
Spire Corp. (a) | 200 | 240 | |
Standard Microsystems Corp. (a)(d) | 75,204 | 1,924,470 | |
STR Holdings, Inc. (a)(d) | 98,143 | 696,815 | |
SunPower Corp. (a)(d) | 91,055 | 685,644 | |
Supertex, Inc. (a)(d) | 23,977 | 442,615 | |
Tessera Technologies, Inc. (a) | 103,521 | 1,739,153 | |
TranSwitch Corp. (a)(d) | 48,274 | 136,615 | |
TriQuint Semiconductor, Inc. (a)(d) | 346,255 | 2,229,882 | |
Ultra Clean Holdings, Inc. (a) | 44,575 | 364,178 | |
Ultratech, Inc. (a) | 52,421 | 1,426,375 | |
Veeco Instruments, Inc. (a)(d) | 100,655 | 2,721,711 | |
Vitesse Semiconductor Corp. (a)(d) | 71,167 | 283,245 | |
Volterra Semiconductor Corp. (a)(d) | 52,784 | 1,622,052 | |
| 205,617,588 | ||
Software - 4.1% | |||
Accelrys, Inc. (a) | 120,176 | 954,197 | |
ACI Worldwide, Inc. (a)(d) | 94,719 | 3,578,484 | |
Activision Blizzard, Inc. (d) | 967,698 | 11,563,991 | |
Actuate Corp. (a) | 89,294 | 539,336 | |
Advent Software, Inc. (a)(d) | 65,312 | 1,680,478 | |
American Software, Inc. Class A | 48,522 | 403,218 | |
ANSYS, Inc. (a)(d) | 200,185 | 12,647,688 | |
Ariba, Inc. (a)(d) | 204,862 | 6,447,007 | |
Aspen Technology, Inc. (a)(d) | 198,217 | 4,075,342 | |
Astea International, Inc. (a) | 13,242 | 60,119 | |
Bitstream, Inc. Class A (a) | 3,682 | 19,846 | |
Blackbaud, Inc. | 88,516 | 2,792,680 | |
Bottomline Technologies, Inc. (a)(d) | 68,740 | 1,931,594 | |
| |||
Shares | Value | ||
BroadSoft, Inc. (a)(d) | 69,557 | $ 2,529,788 | |
BSQUARE Corp. (a) | 30,361 | 101,406 | |
Cadence Design Systems, Inc. (a)(d) | 569,040 | 6,697,601 | |
Callidus Software, Inc. (a)(d) | 65,801 | 487,585 | |
Cinedigm Digital Cinema Corp. (a) | 46,130 | 80,266 | |
CommVault Systems, Inc. (a)(d) | 97,486 | 5,027,353 | |
Compuware Corp. (a) | 458,000 | 4,126,580 | |
Concur Technologies, Inc. (a)(d) | 113,580 | 6,695,541 | |
Convio, Inc. (a)(d) | 21,892 | 342,829 | |
Datawatch Corp. (a) | 3,120 | 43,555 | |
Deltek, Inc. (a) | 63,814 | 703,868 | |
Digimarc Corp. (a) | 13,264 | 369,933 | |
Ebix, Inc. (d) | 70,033 | 1,631,769 | |
Ellie Mae, Inc. | 31,084 | 259,551 | |
EPIQ Systems, Inc. | 93,222 | 1,071,121 | |
ePlus, Inc. (a) | 9,557 | 306,015 | |
Evolving Systems, Inc. | 12,044 | 64,917 | |
FactSet Research Systems, Inc. | 89,399 | 7,813,473 | |
Fair Isaac Corp. | 100,578 | 4,071,397 | |
FalconStor Software, Inc. (a) | 86,450 | 246,383 | |
Fonix Corp. (a) | 1 | 0 | |
Fortinet, Inc. (a) | 290,793 | 7,865,951 | |
Glu Mobile, Inc. (a)(d) | 63,707 | 240,812 | |
GSE Systems, Inc. (a) | 33,148 | 62,318 | |
Guidance Software, Inc. (a) | 20,946 | 238,994 | |
Guidewire Software, Inc. | 16,113 | 364,476 | |
Imperva, Inc. | 9,739 | 360,830 | |
Informatica Corp. (a) | 228,562 | 11,236,108 | |
Interactive Intelligence Group, Inc. (a) | 39,218 | 1,098,104 | |
JDA Software Group, Inc. (a)(d) | 90,081 | 2,257,430 | |
Jive Software, Inc. (d) | 25,949 | 565,948 | |
Kenexa Corp. (a)(d) | 48,352 | 1,343,702 | |
Majesco Entertainment Co. (a)(d) | 152,851 | 380,599 | |
Manhattan Associates, Inc. (a)(d) | 59,488 | 2,757,864 | |
Mentor Graphics Corp. (a)(d) | 226,012 | 3,426,342 | |
MICROS Systems, Inc. (a)(d) | 184,532 | 9,582,747 | |
MicroStrategy, Inc. Class A (a)(d) | 21,893 | 2,968,472 | |
Mitek Systems, Inc. (a)(d) | 45,229 | 470,382 | |
Monotype Imaging Holdings, Inc. (a) | 66,621 | 934,693 | |
Motricity, Inc. (a)(d) | 112,960 | 150,237 | |
NetScout Systems, Inc. (a)(d) | 69,317 | 1,471,600 | |
NetSol Technologies, Inc. (a)(d) | 160,969 | 86,923 | |
NetSuite, Inc. (a) | 59,651 | 2,845,353 | |
Nuance Communications, Inc. (a)(d) | 499,415 | 12,944,837 | |
Opnet Technologies, Inc. | 42,621 | 1,216,830 | |
Parametric Technology Corp. (a) | 259,389 | 6,925,686 | |
Peerless Systems Corp. (a) | 15,698 | 61,065 | |
Pegasystems, Inc. | 31,869 | 894,882 | |
Pervasive Software, Inc. (a) | 25,547 | 153,537 | |
Progress Software Corp. (a)(d) | 170,826 | 3,961,455 | |
PROS Holdings, Inc. (a) | 42,032 | 736,821 | |
QAD, Inc. Class B | 24,367 | 335,046 | |
QLIK Technologies, Inc. (a) | 164,916 | 4,992,007 | |
Quest Software, Inc. (a) | 127,647 | 2,555,493 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
RealPage, Inc. (a) | 63,949 | $ 1,268,109 | |
Rosetta Stone, Inc. (a) | 28,088 | 253,635 | |
Rovi Corp. (a) | 251,044 | 8,907,041 | |
Scientific Learning Corp. (a) | 24,929 | 51,354 | |
SeaChange International, Inc. (a) | 69,895 | 478,082 | |
Smith Micro Software, Inc. (a) | 72,854 | 185,049 | |
SolarWinds, Inc. (a) | 128,753 | 4,797,337 | |
Solera Holdings, Inc. | 169,280 | 8,125,440 | |
Sonic Foundry, Inc. (a) | 1,571 | 11,578 | |
Sourcefire, Inc. (a)(d) | 63,636 | 2,864,893 | |
SRS Labs, Inc. (a) | 23,248 | 155,529 | |
SS&C Technologies Holdings, Inc. (a) | 63,267 | 1,310,892 | |
Synchronoss Technologies, Inc. (a)(d) | 71,953 | 2,407,547 | |
Synopsys, Inc. (a) | 343,996 | 10,481,558 | |
Take-Two Interactive Software, Inc. (a)(d) | 177,765 | 2,746,469 | |
Taleo Corp. Class A (a) | 83,810 | 3,840,174 | |
Tangoe, Inc. (a) | 74,630 | 1,398,566 | |
TeleCommunication Systems, Inc. | 110,511 | 296,169 | |
TeleNav, Inc. (a)(d) | 41,916 | 281,676 | |
THQ, Inc. (a)(d) | 139,201 | 75,169 | |
TIBCO Software, Inc. (a)(d) | 359,016 | 10,400,694 | |
TiVo, Inc. (a)(d) | 322,529 | 3,628,451 | |
Tyler Technologies, Inc. (a)(d) | 75,793 | 2,862,702 | |
Ultimate Software Group, Inc. (a)(d) | 65,694 | 4,586,755 | |
Vasco Data Security International, Inc. (a) | 64,183 | 580,214 | |
Verint Systems, Inc. (a) | 43,778 | 1,203,457 | |
Versant Corp. (a) | 12,238 | 127,030 | |
VirnetX Holding Corp. (a)(d) | 117,196 | 2,530,262 | |
VMware, Inc. Class A (a) | 143,416 | 14,182,408 | |
Wave Systems Corp. Class A (a)(d) | 172,796 | 347,320 | |
Websense, Inc. (a)(d) | 80,067 | 1,442,007 | |
Zynga, Inc. (d) | 216,360 | 2,849,461 | |
| 269,529,483 | ||
TOTAL INFORMATION TECHNOLOGY | 1,019,529,158 | ||
MATERIALS - 6.3% | |||
Chemicals - 3.0% | |||
A. Schulman, Inc. | 65,137 | 1,683,140 | |
ADA-ES, Inc. (a) | 29,045 | 652,641 | |
Albemarle Corp. | 203,316 | 13,524,580 | |
American Pacific Corp. (a) | 11,292 | 87,739 | |
American Vanguard Corp. | 65,053 | 1,074,676 | |
Ampal-American Israel Corp. | 23,445 | 7,034 | |
Arabian American Development Co. (a) | 29,678 | 235,347 | |
Ashland, Inc. | 152,375 | 9,684,955 | |
Balchem Corp. (d) | 69,438 | 1,892,186 | |
Cabot Corp. | 124,551 | 5,045,561 | |
| |||
Shares | Value | ||
Calgon Carbon Corp. (a)(d) | 115,042 | $ 1,738,285 | |
Celanese Corp. Class A | 346,948 | 16,504,316 | |
Cereplast, Inc. (a)(d) | 22,207 | 21,652 | |
Chase Corp. | 11,674 | 169,273 | |
Chemtura Corp. (a) | 220,132 | 3,416,449 | |
Clean Diesel Technologies, Inc. (a)(d) | 33,479 | 100,772 | |
Core Molding Technologies, Inc. (a) | 11,521 | 110,256 | |
Cytec Industries, Inc. | 103,748 | 6,168,856 | |
Ferro Corp. (a)(d) | 176,641 | 980,358 | |
Flotek Industries, Inc. (a)(d) | 116,606 | 1,304,821 | |
FutureFuel Corp. | 32,730 | 361,667 | |
Georgia Gulf Corp. (a) | 69,742 | 2,249,877 | |
GSE Holding, Inc. | 11,418 | 138,729 | |
H.B. Fuller Co. | 112,158 | 3,379,321 | |
Hawkins, Inc. | 17,707 | 686,146 | |
Huntsman Corp. | 425,747 | 5,815,704 | |
Innophos Holdings, Inc. | 44,680 | 2,250,978 | |
Intrepid Potash, Inc. (a)(d) | 143,302 | 3,624,108 | |
KMG Chemicals, Inc. | 16,501 | 286,292 | |
Koppers Holdings, Inc. | 42,068 | 1,583,019 | |
Kraton Performance Polymers, Inc. (a) | 66,091 | 1,836,669 | |
Kronos Worldwide, Inc. | 60,714 | 1,418,886 | |
Landec Corp. (a) | 84,086 | 529,742 | |
LSB Industries, Inc. (a) | 37,320 | 1,501,010 | |
LyondellBasell Industries NV Class A | 752,693 | 32,501,284 | |
Material Sciences Corp. (a) | 21,107 | 182,787 | |
Minerals Technologies, Inc. | 47,574 | 3,071,853 | |
Nanophase Technologies Corp. (a)(d) | 5,146 | 3,293 | |
NewMarket Corp. (d) | 23,199 | 4,232,194 | |
Olin Corp. | 148,501 | 3,122,976 | |
OM Group, Inc. (a) | 75,468 | 2,073,861 | |
OMNOVA Solutions, Inc. (a)(d) | 91,531 | 466,808 | |
Penford Corp. (a) | 27,329 | 157,415 | |
PolyOne Corp. | 192,213 | 2,581,421 | |
Quaker Chemical Corp. | 24,863 | 1,024,604 | |
Rockwood Holdings, Inc. (a) | 152,412 | 8,115,939 | |
RPM International, Inc. | 276,520 | 6,600,532 | |
Senomyx, Inc. (a)(d) | 108,140 | 370,920 | |
Sensient Technologies Corp. | 116,292 | 4,301,641 | |
Solutia, Inc. | 259,606 | 7,297,525 | |
Spartech Corp. (a) | 67,518 | 391,604 | |
Stepan Co. | 16,020 | 1,400,629 | |
The Scotts Miracle-Gro Co. Class A (d) | 91,000 | 4,262,440 | |
TOR Minerals International, Inc. (a) | 3,831 | 59,112 | |
TPC Group, Inc. (a) | 34,509 | 1,198,843 | |
Tredegar Corp. | 48,210 | 1,120,400 | |
Valhi, Inc. | 18,618 | 1,067,742 | |
Valspar Corp. | 207,434 | 9,614,566 | |
W.R. Grace & Co. (a) | 130,414 | 7,428,381 | |
Westlake Chemical Corp. (d) | 46,385 | 2,793,769 | |
Zep, Inc. | 44,069 | 668,527 | |
Zoltek Companies, Inc. (a)(d) | 60,096 | 726,561 | |
| 196,902,672 | ||
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. (d) | 89,764 | $ 2,816,794 | |
Headwaters, Inc. (a) | 123,195 | 374,513 | |
Martin Marietta Materials, Inc. | 97,493 | 8,371,724 | |
Texas Industries, Inc. (d) | 58,355 | 1,974,150 | |
U.S. Concrete, Inc. (a) | 25,199 | 105,836 | |
United States Lime & Minerals, Inc. (a) | 7,538 | 459,064 | |
| 14,102,081 | ||
Containers & Packaging - 0.9% | |||
AEP Industries, Inc. (a) | 13,400 | 467,526 | |
Aptargroup, Inc. | 148,309 | 7,827,749 | |
Boise, Inc. | 247,252 | 2,034,884 | |
Crown Holdings, Inc. (a) | 353,375 | 13,064,274 | |
Graphic Packaging Holding Co. (a) | 260,313 | 1,374,453 | |
Greif, Inc. Class A | 83,496 | 4,275,830 | |
MOD-PAC Corp. (sub. vtg.) (a) | 3,740 | 23,973 | |
Myers Industries, Inc. | 100,702 | 1,341,351 | |
Northern Technologies International Corp. (a) | 1,103 | 17,008 | |
Packaging Corp. of America | 238,810 | 7,078,328 | |
Rock-Tenn Co. Class A | 154,183 | 10,868,360 | |
Silgan Holdings, Inc. | 114,111 | 4,852,000 | |
Sonoco Products Co. | 211,458 | 6,944,281 | |
UFP Technologies, Inc. (a) | 15,846 | 278,414 | |
| 60,448,431 | ||
Metals & Mining - 1.7% | |||
A.M. Castle & Co. (a)(d) | 38,879 | 445,165 | |
AK Steel Holding Corp. (d) | 229,349 | 1,816,444 | |
Allied Nevada Gold Corp. (a)(d) | 192,193 | 6,613,361 | |
Amcol International Corp. | 58,468 | 1,714,866 | |
Carpenter Technology Corp. | 92,318 | 4,735,913 | |
Century Aluminum Co. (a)(d) | 132,753 | 1,302,307 | |
Coeur d'Alene Mines Corp. (a) | 186,991 | 5,318,024 | |
Commercial Metals Co. | 251,961 | 3,348,562 | |
Compass Minerals International, Inc. | 81,048 | 5,839,508 | |
Comstock Mining, Inc. (a)(d) | 32,178 | 65,000 | |
Friedman Industries | 13,655 | 142,695 | |
General Moly, Inc. (a)(d) | 202,841 | 732,256 | |
Globe Specialty Metals, Inc. | 115,739 | 1,645,809 | |
Golden Minerals Co. (a)(d) | 114,868 | 957,999 | |
Handy & Harman Ltd. (a) | 39,902 | 484,410 | |
Haynes International, Inc. | 25,877 | 1,637,755 | |
Hecla Mining Co. | 642,578 | 3,264,296 | |
Horsehead Holding Corp. (a) | 101,767 | 1,160,144 | |
Kaiser Aluminum Corp. | 34,968 | 1,690,353 | |
Materion Corp. (a) | 41,932 | 1,230,704 | |
McEwen Mining, Inc. (a)(d) | 421,089 | 2,202,295 | |
Metals USA Holdings Corp. (a) | 34,701 | 453,889 | |
Mines Management, Inc. (a)(d) | 69,165 | 139,022 | |
Molycorp, Inc. (a)(d) | 146,892 | 3,628,232 | |
Noranda Aluminium Holding Corp. | 46,669 | 560,028 | |
| |||
Shares | Value | ||
Olympic Steel, Inc. | 20,461 | $ 479,606 | |
Reliance Steel & Aluminum Co. | 158,433 | 8,511,021 | |
Royal Gold, Inc. | 115,739 | 8,038,074 | |
RTI International Metals, Inc. (a)(d) | 67,771 | 1,527,558 | |
Schnitzer Steel Inds, Inc. Class A | 53,001 | 2,393,525 | |
Silver Bull Resources, Inc. (a)(d) | 148,902 | 84,874 | |
Solitario Exploration & Royalty Corp. (a) | 57,827 | 81,536 | |
Southern Copper Corp. | 399,962 | 12,862,778 | |
Steel Dynamics, Inc. | 531,239 | 7,867,650 | |
Stillwater Mining Co. (a)(d) | 246,287 | 3,497,275 | |
SunCoke Energy, Inc. (a) | 184,578 | 2,645,003 | |
Synalloy Corp. | 9,327 | 117,987 | |
Timberline Resources Corp. (a)(d) | 213,150 | 120,067 | |
U.S. Silica Holdings, Inc. | 26,459 | 447,686 | |
Universal Stainless & Alloy Products, Inc. (a)(d) | 14,191 | 475,115 | |
US Energy Corp. (a)(d) | 91,127 | 299,808 | |
Vista Gold Corp. (a)(d) | 223,243 | 790,280 | |
Walter Energy, Inc. | 142,968 | 9,268,615 | |
Worthington Industries, Inc. | 122,406 | 2,064,989 | |
| 112,702,484 | ||
Paper & Forest Products - 0.5% | |||
AbitibiBowater, Inc. (a)(d) | 157,587 | 2,411,081 | |
Buckeye Technologies, Inc. | 84,822 | 2,897,520 | |
Clearwater Paper Corp. (a) | 52,530 | 1,802,304 | |
Deltic Timber Corp. | 29,841 | 1,945,932 | |
Domtar Corp. | 83,694 | 8,023,744 | |
Glatfelter | 137,758 | 2,150,402 | |
Kapstone Paper & Packaging Corp. (a) | 85,785 | 1,724,279 | |
Louisiana-Pacific Corp. (a)(d) | 278,523 | 2,275,533 | |
Neenah Paper, Inc. | 32,380 | 903,078 | |
Schweitzer-Mauduit International, Inc. | 43,953 | 3,078,908 | |
Verso Paper Corp. (a)(d) | 31,277 | 40,660 | |
Wausau-Mosinee Paper Corp. | 98,528 | 920,252 | |
| 28,173,693 | ||
TOTAL MATERIALS | 412,329,361 | ||
TELECOMMUNICATION SERVICES - 1.5% | |||
Diversified Telecommunication Services - 0.6% | |||
8x8, Inc. (a)(d) | 229,564 | 984,830 | |
AboveNet, Inc. (a)(d) | 48,334 | 3,362,113 | |
Alaska Communication Systems Group, Inc. (d) | 97,590 | 312,288 | |
Allegiance Telecom, Inc. (a) | 15,750 | 0 | |
Atlantic Tele-Network, Inc. (d) | 19,662 | 753,448 | |
Boingo Wireless, Inc. (d) | 25,257 | 241,457 | |
Cbeyond, Inc. (a) | 66,391 | 509,883 | |
Cincinnati Bell, Inc. New (a)(d) | 414,315 | 1,553,681 | |
Cogent Communications Group, Inc. (a) | 111,748 | 2,058,398 | |
Consolidated Communications Holdings, Inc. | 71,706 | 1,360,263 | |
Elephant Talk Communication, Inc. (a)(d) | 100,000 | 214,000 | |
FairPoint Communications, Inc. (a)(d) | 43,522 | 163,643 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Diversified Telecommunication Services - continued | |||
General Communications, Inc. | 82,347 | $ 872,055 | |
Globalstar, Inc. (a)(d) | 237,229 | 202,024 | |
Hawaiian Telcom Holdco, Inc. (a) | 18,335 | 288,226 | |
HickoryTech Corp. | 34,243 | 367,770 | |
IDT Corp. Class B | 43,724 | 395,702 | |
inContact, Inc. (a) | 77,826 | 414,813 | |
Iridium Communications, Inc. (a)(d) | 172,155 | 1,315,264 | |
Level 3 Communications, Inc. (a) | 336,410 | 8,178,127 | |
Lumos Networks Corp. | 42,527 | 544,346 | |
Multiband Corp. (a) | 27,198 | 97,369 | |
Neutral Tandem, Inc. (a) | 105,029 | 1,172,124 | |
Premiere Global Services, Inc. (a) | 109,608 | 948,109 | |
Primus Telecommunications Group, Inc. (a) | 23,913 | 328,804 | |
SureWest Communications | 40,598 | 909,801 | |
Towerstream Corp. (a)(d) | 116,654 | 331,297 | |
tw telecom, inc. (a)(d) | 352,793 | 7,620,329 | |
Vonage Holdings Corp. (a) | 287,525 | 687,185 | |
Warwick Valley Telephone Co. | 10,706 | 156,308 | |
| 36,343,657 | ||
Wireless Telecommunication Services - 0.9% | |||
Clearwire Corp. Class A (a)(d) | 315,081 | 724,686 | |
Crown Castle International Corp. (a) | 538,636 | 27,906,731 | |
Leap Wireless International, Inc. (a)(d) | 129,972 | 1,356,908 | |
NII Holdings, Inc. (a)(d) | 372,601 | 6,662,106 | |
NTELOS Holdings Corp. | 30,862 | 717,542 | |
SBA Communications Corp. | 255,631 | 11,996,763 | |
Shenandoah Telecommunications Co. | 47,154 | 471,068 | |
Telephone & Data Systems, Inc. | 209,062 | 5,282,997 | |
U.S. Cellular Corp. (a)(d) | 29,790 | 1,285,141 | |
USA Mobility, Inc. | 61,882 | 849,021 | |
| 57,252,963 | ||
TOTAL TELECOMMUNICATION SERVICES | 93,596,620 | ||
UTILITIES - 3.6% | |||
Electric Utilities - 1.1% | |||
Allete, Inc. | 66,832 | 2,778,875 | |
Central Vermont Public Service Corp. | 32,616 | 1,149,388 | |
Cleco Corp. (d) | 145,147 | 5,585,257 | |
El Paso Electric Co. | 107,795 | 3,528,130 | |
Empire District Electric Co. | 90,830 | 1,812,059 | |
Great Plains Energy, Inc. | 308,667 | 6,105,433 | |
Hawaiian Electric Industries, Inc. | 209,224 | 5,241,061 | |
IDACORP, Inc. | 103,848 | 4,203,767 | |
ITC Holdings Corp. | 113,857 | 8,593,926 | |
MGE Energy, Inc. | 61,308 | 2,688,969 | |
NV Energy, Inc. | 496,651 | 7,787,488 | |
Otter Tail Corp. | 81,314 | 1,727,109 | |
| |||
Shares | Value | ||
PNM Resources, Inc. | 211,467 | $ 3,802,177 | |
Portland General Electric Co. | 156,986 | 3,868,135 | |
UIL Holdings Corp. | 104,129 | 3,670,547 | |
Unisource Energy Corp. | 82,096 | 3,020,312 | |
Unitil Corp. | 33,222 | 883,705 | |
Westar Energy, Inc. | 267,230 | 7,354,170 | |
| 73,800,508 | ||
Gas Utilities - 0.9% | |||
Atmos Energy Corp. | 188,141 | 5,781,573 | |
Chesapeake Utilities Corp. (d) | 22,726 | 933,357 | |
Delta Natural Gas Co., Inc. | 4,880 | 185,830 | |
Gas Natural, Inc. | 11,151 | 124,334 | |
Laclede Group, Inc. | 50,946 | 2,093,371 | |
National Fuel Gas Co. | 167,905 | 8,450,659 | |
New Jersey Resources Corp. | 96,780 | 4,518,658 | |
Northwest Natural Gas Co. (d) | 66,043 | 3,022,788 | |
Piedmont Natural Gas Co., Inc. (d) | 169,819 | 5,502,136 | |
Questar Corp. | 405,652 | 7,796,631 | |
RGC Resources, Inc. | 2,242 | 39,370 | |
South Jersey Industries, Inc. | 60,919 | 3,167,788 | |
Southwest Gas Corp. | 94,718 | 4,039,723 | |
UGI Corp. | 236,898 | 6,692,369 | |
WGL Holdings, Inc. (d) | 125,127 | 5,108,935 | |
| 57,457,522 | ||
Independent Power Producers & Energy Traders - 0.4% | |||
American DG Energy, Inc. (a)(d) | 5,053 | 7,984 | |
Black Hills Corp. | 94,821 | 3,113,922 | |
Calpine Corp. (a) | 836,820 | 12,811,714 | |
Dynegy, Inc. (a)(d) | 316,627 | 411,615 | |
Genie Energy Ltd. Class B | 48,524 | 465,345 | |
GenOn Energy, Inc. (a) | 1,952,788 | 4,803,858 | |
Ormat Technologies, Inc. (d) | 63,303 | 1,281,253 | |
Synthesis Energy Systems, Inc. (a) | 67,279 | 97,555 | |
Tegal Corp. (a) | 177 | 589 | |
US Geothermal, Inc. (a)(d) | 202,952 | 110,740 | |
| 23,104,575 | ||
Multi-Utilities - 0.8% | |||
Alliant Energy Corp. | 253,692 | 10,817,427 | |
Avista Corp. | 119,397 | 2,949,106 | |
CH Energy Group, Inc. (d) | 33,789 | 2,252,713 | |
MDU Resources Group, Inc. | 379,639 | 8,238,166 | |
NorthWestern Energy Corp. | 73,604 | 2,556,267 | |
NSTAR | 226,885 | 10,640,907 | |
OGE Energy Corp. | 209,761 | 11,008,257 | |
Vectren Corp. | 168,368 | 4,919,713 | |
| 53,382,556 | ||
Water Utilities - 0.4% | |||
American States Water Co. | 47,115 | 1,736,659 | |
American Water Works Co., Inc. | 394,271 | 13,515,610 | |
Aqua America, Inc. | 290,712 | 6,456,714 | |
Artesian Resources Corp. Class A | 16,662 | 318,244 | |
Cadiz, Inc. (a)(d) | 34,362 | 364,924 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
California Water Service Group | 120,078 | $ 2,306,698 | |
Connecticut Water Service, Inc. | 19,158 | 552,134 | |
Middlesex Water Co. | 46,243 | 851,796 | |
Pure Cycle Corp. (a) | 46,689 | 96,179 | |
SJW Corp. | 31,800 | 759,702 | |
York Water Co. | 38,385 | 665,212 | |
| 27,623,872 | ||
TOTAL UTILITIES | 235,369,033 | ||
TOTAL COMMON STOCKS (Cost $5,540,902,134) |
|
Nonconvertible Bonds - 0.0% | ||||
| Principal Amount |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $37,343) | $ 37,300 |
| ||
U.S. Treasury Obligations - 0.2% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.09% 3/8/12 to 6/28/12 (e) | 11,000,000 |
|
Money Market Funds - 23.8% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 71,287,081 | 71,287,081 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 1,481,913,837 | 1,481,913,837 | |
TOTAL MONEY MARKET FUNDS (Cost $1,553,200,918) |
| ||
TOTAL INVESTMENT PORTFOLIO - 122.8% (Cost $7,105,139,168) | 8,006,118,503 | ||
NET OTHER ASSETS (LIABILITIES) - (22.8)% | (1,489,081,331) | ||
NET ASSETS - 100% | $ 6,517,037,172 |
Futures Contracts | |||||
Expiration Date | Underlying Face Amount at Value | Unrealized Appreciation/(Depreciation) | |||
Purchased | |||||
Equity Index Contracts | |||||
314 CME E-mini S&P Midcap 400 Index Contracts | March 2012 | $ 30,665,240 | $ 2,899,463 | ||
563 NYFE Russell 2000 Mini Index Contracts | March 2012 | 45,603,000 | 3,680,802 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 76,268,240 | $ 6,580,265 |
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $6,298,945. |
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 | $ 91,374 |
Fidelity Securities Lending Cash Central Fund | 9,399,822 |
Total | $ 9,491,196 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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 | $ 1,031,948,965 | $ 1,031,944,365 | $ - | $ 4,600 |
Consumer Staples | 236,959,833 | 236,923,013 | 36,820 | - |
Energy | 436,899,148 | 436,899,148 | - | - |
Financials | 1,325,234,224 | 1,325,231,975 | - | 2,249 |
Health Care | 703,743,119 | 703,741,957 | - | 1,162 |
Industrials | 946,279,602 | 946,279,602 | - | - |
Information Technology | 1,019,529,158 | 1,019,529,158 | - | - |
Materials | 412,329,361 | 412,329,361 | - | - |
Telecommunication Services | 93,596,620 | 93,596,620 | - | - |
Utilities | 235,369,033 | 235,369,033 | - | - |
Corporate Bonds | 30,072 | - | 30,072 | - |
U.S. Government and Government Agency Obligations | 10,998,450 | - | 10,998,450 | - |
Money Market Funds | 1,553,200,918 | 1,553,200,918 | - | - |
Total Investments in Securities: | $ 8,006,118,503 | $ 7,995,045,150 | $ 11,065,342 | $ 8,011 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 6,580,265 | $ 6,580,265 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 222,249 |
Total Realized Gain (Loss) | (198,796) |
Total Unrealized Gain (Loss) | 213,172 |
Cost of Purchases | 3 |
Proceeds of Sales | (16,090) |
Amortization/Accretion | - |
Transfers in to Level 3 | 8,938 |
Transfers out of Level 3 | (221,465) |
Ending Balance | $ 8,011 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ (1,240) |
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 29, 2012. 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) | $ 6,580,265 | $ - |
Total Value of Derivatives | $ 6,580,265 | $ - |
(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 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,422,166,761) - See accompanying schedule: Unaffiliated issuers (cost $5,551,938,250) | $ 6,452,917,585 |
|
Fidelity Central Funds (cost $1,553,200,918) | 1,553,200,918 |
|
Total Investments (cost $7,105,139,168) |
| $ 8,006,118,503 |
Cash |
| 76,222 |
Receivable for investments sold | 4,316,551 | |
Receivable for fund shares sold | 23,774,895 | |
Dividends receivable | 4,636,130 | |
Distributions receivable from Fidelity Central Funds | 979,008 | |
Other receivables | 2,781 | |
Total assets | 8,039,904,090 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 19,243,361 | |
Payable for fund shares redeemed | 20,290,472 | |
Accrued management fee | 323,813 | |
Payable for daily variation margin on futures contracts | 953,003 | |
Other affiliated payables | 142,432 | |
Collateral on securities loaned, at value | 1,481,913,837 | |
Total liabilities | 1,522,866,918 | |
|
|
|
Net Assets | $ 6,517,037,172 | |
Net Assets consist of: |
| |
Paid in capital | $ 5,558,819,493 | |
Undistributed net investment income | 10,311,506 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | 40,345,947 | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 907,560,226 | |
Net Assets | $ 6,517,037,172 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
|
|
|
Investor Class: | $ 39.66 | |
|
|
|
Fidelity Advantage Class: | $ 39.66 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 39.66 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Extended Market Index Fund
Financial Statements - continued
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 70,673,050 |
Interest |
| 10,602 |
Income from Fidelity Central Funds (including $9,399,822 from security lending) |
| 9,491,196 |
Total income |
| 80,174,848 |
|
|
|
Expenses | ||
Management fee | $ 3,839,585 | |
Transfer agent fees | 1,537,555 | |
Independent trustees' compensation | 34,264 | |
Interest | 432 | |
Miscellaneous | 17,049 | |
Total expenses before reductions | 5,428,885 | |
Expense reductions | (597) | 5,428,288 |
Net investment income (loss) | 74,746,560 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 139,675,656 | |
Foreign currency transactions | (1,815) | |
Futures contracts | (7,401,865) | |
Total net realized gain (loss) |
| 132,271,976 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (114,083,386) | |
Assets and liabilities in foreign currencies | (130) | |
Futures contracts | 1,985,687 | |
Total change in net unrealized appreciation (depreciation) |
| (112,097,829) |
Net gain (loss) | 20,174,147 | |
Net increase (decrease) in net assets resulting from operations | $ 94,920,707 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 74,746,560 | $ 55,477,661 |
Net realized gain (loss) | 132,271,976 | 92,588,334 |
Change in net unrealized appreciation (depreciation) | (112,097,829) | 1,161,441,520 |
Net increase (decrease) in net assets resulting from operations | 94,920,707 | 1,309,507,515 |
Distributions to shareholders from net investment income | (69,414,947) | (48,199,592) |
Distributions to shareholders from net realized gain | (127,979,459) | (63,624,500) |
Total distributions | (197,394,406) | (111,824,092) |
Share transactions - net increase (decrease) | 652,403,567 | 1,175,386,586 |
Redemption fees | 919,879 | 553,321 |
Total increase (decrease) in net assets | 550,849,747 | 2,373,623,330 |
|
|
|
Net Assets | ||
Beginning of period | 5,966,187,425 | 3,592,564,095 |
End of period (including undistributed net investment income of $10,311,506 and undistributed net investment income of $8,373,367, respectively) | $ 6,517,037,172 | $ 5,966,187,425 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.63 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .48 | .43 | .36 | .50 | .56 |
Net realized and unrealized gain (loss) | .10 | 9.71 | 12.40 | (15.73) | (2.73) |
Total from investment operations | .58 | 10.14 | 12.76 | (15.23) | (2.17) |
Distributions from net investment income | (.45) | (.36) | (.35) | (.43) | (.46) |
Distributions from net realized gain | (.84) | (.51) | (.06) | (.76) | (1.85) |
Total distributions | (1.28) I | (.87) | (.41) H | (1.19) | (2.31) |
Redemption fees added to paid in capital B | .01 | - G | - G | - G | - G |
Net asset value, end of period | $ 39.66 | $ 40.35 | $ 31.08 | $ 18.73 | $ 35.15 |
Total Return A | 1.76% | 32.95% | 68.20% | (44.26)% | (6.02)% |
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% | .09% |
Net investment income (loss) | 1.26% | 1.24% | 1.35% | 1.71% | 1.41% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 2,606,631 | $ 4,440,988 | $ 2,692,346 | $ 1,446,984 | $ 2,162,049 |
Portfolio turnover rate D | 11% | 8% | 26% | 16% | 17% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.41 per share is comprised of distributions from net investment income of $.350 and distributions from net realized gain of $.055 per share.
I Total distributions of $1.28 per share is comprised of distributions from net investment income of $.446 and distributions from net realized gain of $.837 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 | $ 39.64 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .48 | .44 | .37 | .52 | .57 |
Net realized and unrealized gain (loss) | .10 | 9.72 | 12.39 | (15.74) | (2.74) |
Total from investment operations | .58 | 10.16 | 12.76 | (15.22) | (2.17) |
Distributions from net investment income | (.46) | (.37) | (.36) | (.44) | (.47) |
Distributions from net realized gain | (.84) | (.51) | (.06) | (.76) | (1.85) |
Total distributions | (1.29) I | (.88) | (.41) H | (1.20) | (2.32) |
Redemption fees added to paid in capital B | .01 | - G | - G | - G | - G |
Net asset value, end of period | $ 39.66 | $ 40.36 | $ 31.08 | $ 18.73 | $ 35.15 |
Total Return A | 1.76% | 33.02% | 68.25% | (44.25)% | (6.01)% |
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) | 1.29% | 1.27% | 1.38% | 1.74% | 1.44% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,910,289 | $ 1,525,199 | $ 900,218 | $ 478,227 | $ 925,331 |
Portfolio turnover rate D | 11% | 8% | 26% | 16% | 17% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.41 per share is comprised of distributions from net investment income of $.358 and distributions from net realized gain of $.055 per share.
I Total distributions of $1.29 per share is comprised of distributions from net investment income of $.457 and distributions from net realized gain of $.837 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.67 |
Income from Investment Operations |
|
Net investment income (loss) D | .25 |
Net realized and unrealized gain (loss) | 5.52 |
Total from investment operations | 5.77 |
Distributions from net investment income | (.40) |
Distributions from net realized gain | (.38) |
Total distributions | (.78) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.66 |
Total Return B, C | 16.99% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .07% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 1.44% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 117 |
Portfolio turnover rate F | 11% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Performance: The Bottom Line
Average annual total return reflects the change in the value of an investment, assuming reinvestment of the class' distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The $10,000 table and the fund's returns does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.
Average Annual Total Returns
Periods ended February 29, 2012 | Past 1 | Past 5 | Past 10 |
Spartan International Index Fund - Institutional ClassA | -7.86% | -2.84% | 6.24% |
Spartan International Index Fund - Fidelity Advantage Institutional ClassB | -7.87% | -2.83% | 6.24% |
A The initial offering of Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
B The initial offering of Fidelity Advantage Institutional Class shares took place September 8, 2011. Returns between October 14, 2005 and September 8, 2011 are those of Fidelity Advantage Class. Returns prior to October 14, 2005 are those of Investor Class.
$10,000 Over 10 Years
Let's say hypothetically that $10,000 was invested in Spartan International Index Fund - Institutional Class on on February 28, 2002. The chart shows how the value of your investment would have changed, and also shows how the MSCI® EAFE® (Europe, Australasia, Far East) Index performed over the same period. The initial offering of Institutional Class took place on September 8, 2011. See above for additional information regarding the performance of Institutional Class.
Annual Report
Spartan International Index Fund
Management's Discussion of Fund Performance
Market Recap: International equities experienced turbulent swings during the 12-month period ending February 29, 2012, jostled by a number of headline events. Investors' heightened sensitivity to risk in the face of Europe's sovereign debt crisis and a slow U.S. economic recovery sparked a global sell-off that pushed many overseas markets to their lowest level in more than a year by early fall. In addition, worries increased about a potentially sharp slowdown of gross domestic product (GDP) growth in China - one of the world economy's few bright spots during the Great Recession of 2007-2009. Japan faced its own challenges, as the nation continued to struggle to rebound from its devastating earthquake, tsunami and nuclear disaster in March 2011. After several months of declines, the market staged two mini-rallies, as investors' anxiety began to ease in October and then again later in the period amid hope for a resolution to Europe's debt woes. Despite these gains, the MSCI® ACWI® (All Country World Index) ex USA Index fell 5.99% for the year. Within the index, emerging markets posted a nominal increase, held back partly by a stronger U.S. dollar. The U.K. saw a slight loss, faring better than the rest of Europe (-11%), which was the worst-performing index component. Japan and Canada also had double-digit losses, each falling around 10%, while Asia-Pacific ex Japan declined only about 1%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® International Index Fund: For the year, the fund's Institutional Class and Fidelity Advantage® Institutional Class shares each returned - 7.86%, modestly trailing the -7.35 return of the MSCI® EAFE® (Europe, Australasia, Far East) Index. Of the 10 sectors in the index, eight generated a negative return. Utilities was the worst performer, dropping 20%. Financials, by far the largest sector in the benchmark, also did poorly, declining 15%, led downward by diversified financials and banks. The information technology sector lost 13%, dragged down the most by hardware/equipment and semiconductor-related companies. The materials sector also did poorly. The only sectors to provide a positive return were consumer staples, whose roughly 9% gain was led by the food/beverage/tobacco industry. Health care stocks, with a 7% gain, also were solid performers. On a geographic basis, the three major regions of the index - Europe, Japan and Asia Pacific (excluding Japan) all lost ground. Given Europe's very large allocation in the index, the region's sovereign debt troubles had a disproportionate impact on performance. In part, a weakening euro relative to the dollar reduced returns for U.S. investors. Not surprisingly, the Greek stock market had the biggest decline in the index, dropping 63%. Italy and Spain, much larger economies facing their own debt challenges, lost about 24% and 20%, respectively. The three largest stock markets in the region - the U.K., France and Germany - returned roughly 0%, -15% and -8%, respectively. Meanwhile, Japan's market fell 10%, while the Asia Pacific region enjoyed the best overall performance in U.S. dollar terms, declining by just roughly 1%, boosted by New Zealand, Singapore and Hong Kong, which returned 18%, 5% and 2%, respectively. Looking at individual stocks, Japanese utility Tokyo Electric Power, whose Fukushima nuclear plant melted down following the tsunami, was the biggest individual detractor and the third-worst-performing stock in the index. Its shares fell about 90% during the 12-month period. Many other detractors were European financials companies, including HSBC Holdings (U.K.), Banco Santander (Spain), BNP Paribas and Societe Generale (France), UniCredit (Italy), and UBS (Switzerland). Other notable underperformers were Spanish telecommunication services company Telefonica, German conglomerate Siemens and Australian mining company BHP Billiton. On the positive side, stocks in defensive industries fared better amid the challenging conditions. For example, U.K. tobacco companies British American Tobacco and Imperial Tobacco Group, Swiss food products giant Nestle, U.K. spirits manufacturer Diageo and Belgian brewer Anheuser-Busch InBev all gained ground, as did pharmaceutical manufacturers GlaxoSmithKline and Roche Holdings, based in the U.K. and Switzerland, respectively. U.K. energy giant Royal Dutch Shell also contributed.
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 29, 2012 | ||
| % of fund's | % of fund's net assets |
Nestle SA (Switzerland, Food Products) | 1.9 | 2.1 |
HSBC Holdings PLC (United Kingdom) (United Kingdom, Commercial Banks) | 1.5 | 1.5 |
BP PLC (United Kingdom, Oil, Gas & Consumable Fuels) | 1.4 | 1.2 |
Vodafone Group PLC (United Kingdom, Wireless Telecommunication Services) | 1.3 | 1.3 |
Royal Dutch Shell PLC Class A (United Kingdom) (United Kingdom, Oil, Gas & Consumable Fuels) | 1.2 | 1.1 |
Novartis AG (Switzerland, Pharmaceuticals) | 1.2 | 1.3 |
BHP Billiton Ltd. (Australia, Metals & Mining) | 1.2 | 1.3 |
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals) | 1.1 | 1.2 |
Total SA (France, Oil, Gas & Consumable Fuels) | 1.1 | 1.0 |
Toyota Motor Corp. (Japan, Automobiles) | 1.1 | 1.0 |
| 13.0 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Financials | 22.0 | 21.4 |
Industrials | 12.6 | 12.9 |
Consumer Staples | 10.9 | 10.7 |
Consumer Discretionary | 10.4 | 9.9 |
Materials | 10.3 | 10.6 |
Health Care | 8.8 | 9.1 |
Energy | 8.5 | 8.0 |
Telecommunication Services | 5.5 | 5.4 |
Information Technology | 4.6 | 4.8 |
Utilities | 4.4 | 4.9 |
Geographic Diversification (% of fund's net assets) | |||
As of February 29, 2012 | |||
United Kingdom | 21.8% |
| |
Japan | 21.4% |
| |
France | 8.6% |
| |
Australia | 8.6% |
| |
Germany | 8.2% |
| |
Switzerland | 8.1% |
| |
Sweden | 3.2% |
| |
Spain | 3.0% |
| |
Netherlands | 2.6% |
| |
Other | 14.5% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
As of August 31, 2011 | |||
Japan | 21.5% |
| |
United Kingdom | 21.3% |
| |
France | 8.9% |
| |
Australia | 8.9% |
| |
Switzerland | 8.5% |
| |
Germany | 8.3% |
| |
Spain | 3.3% |
| |
Sweden | 2.9% |
| |
Hong Kong | 2.6% |
| |
Other | 13.8% |
|
Percentages are adjusted for the effect of futures contracts, if applicable. |
Annual Report
Spartan International Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 97.2% | |||
Shares | Value | ||
Australia - 8.4% | |||
AGL Energy Ltd. | 386,989 | $ 5,788,808 | |
Alumina Ltd. | 2,052,568 | 2,980,633 | |
Amcor Ltd. | 985,211 | 7,500,736 | |
AMP Ltd. | 2,312,060 | 9,941,680 | |
APA Group unit | 430,000 | 2,263,947 | |
Asciano Ltd. unit | 795,299 | 4,221,356 | |
ASX Ltd. | 144,087 | 4,786,549 | |
Australia & New Zealand Banking Group Ltd. | 2,144,596 | 50,477,324 | |
Bendigo & Adelaide Bank Ltd. | 305,567 | 2,532,808 | |
BHP Billiton Ltd. | 2,613,123 | 101,154,070 | |
Boral Ltd. | 586,891 | 2,769,022 | |
Brambles Ltd. | 1,193,205 | 9,263,390 | |
Caltex Australia Ltd. | 121,896 | 1,798,557 | |
Campbell Brothers Ltd. | 52,700 | 3,354,446 | |
CFS Retail Property Trust | 1,546,561 | 2,951,912 | |
Coca-Cola Amatil Ltd. | 458,484 | 5,899,589 | |
Cochlear Ltd. | 45,259 | 2,966,714 | |
Commonwealth Bank of Australia | 1,282,899 | 67,998,508 | |
Computershare Ltd. | 375,455 | 3,116,127 | |
Crown Ltd. | 366,535 | 3,301,498 | |
CSL Ltd. | 426,251 | 14,982,720 | |
DEXUS Property Group unit | 3,892,117 | 3,735,298 | |
Echo Entertainment Group Ltd. | 552,223 | 2,546,240 | |
Fortescue Metals Group Ltd. | 1,016,789 | 6,072,987 | |
Goodman Group unit | 5,661,423 | 4,188,813 | |
Harvey Norman Holdings Ltd. (d) | 432,111 | 959,140 | |
Iluka Resources Ltd. | 337,442 | 6,042,712 | |
Incitec Pivot Ltd. | 1,333,966 | 4,663,142 | |
Insurance Australia Group Ltd. | 1,661,116 | 5,895,821 | |
John Fairfax Holdings Ltd. (d) | 1,718,456 | 1,474,160 | |
Leighton Holdings Ltd. | 131,578 | 3,604,877 | |
Lend Lease Group unit | 442,695 | 3,555,517 | |
Lynas Corp. Ltd. (a)(d) | 1,520,309 | 1,988,877 | |
Macquarie Group Ltd. | 285,263 | 8,188,609 | |
Metcash Ltd. | 658,872 | 2,995,596 | |
Mirvac Group unit | 2,840,491 | 3,655,030 | |
National Australia Bank Ltd. | 1,778,647 | 45,144,446 | |
Newcrest Mining Ltd. | 623,849 | 22,403,245 | |
Orica Ltd. | 291,857 | 8,512,465 | |
Origin Energy Ltd. | 856,810 | 12,504,288 | |
OZ Minerals Ltd. | 265,406 | 3,116,314 | |
Qantas Airways Ltd. (a) | 867,378 | 1,609,055 | |
QBE Insurance Group Ltd. | 876,505 | 10,949,559 | |
QR National Ltd. | 1,399,535 | 5,867,821 | |
Ramsay Health Care Ltd. | 107,298 | 2,111,271 | |
Rio Tinto Ltd. | 360,030 | 26,039,758 | |
Santos Ltd. | 757,894 | 11,718,986 | |
Sims Metal Management Ltd. | 145,921 | 2,394,977 | |
Sonic Healthcare Ltd. | 296,784 | 3,831,627 | |
SP AusNet unit | 1,228,372 | 1,310,597 | |
Stockland Corp. Ltd. unit | 1,925,631 | 6,545,588 | |
| |||
Shares | Value | ||
Suncorp-Metway Ltd. | 1,033,217 | $ 9,062,774 | |
Sydney Airport unit | 350,832 | 985,637 | |
Tabcorp Holdings Ltd. | 594,708 | 1,740,936 | |
Tattersall's Ltd. | 1,122,224 | 2,863,999 | |
Telstra Corp. Ltd. | 3,513,293 | 12,432,103 | |
The GPT Group unit | 1,409,597 | 4,715,914 | |
Toll Holdings Ltd. | 533,557 | 3,243,995 | |
Transurban Group unit | 1,072,984 | 6,443,140 | |
Wesfarmers Ltd. | 820,358 | 25,598,394 | |
Westfield Group unit | 1,783,515 | 16,810,551 | |
Westfield Retail Trust unit | 2,332,217 | 6,277,099 | |
Westpac Banking Corp. | 2,468,258 | 55,316,303 | |
Woodside Petroleum Ltd. | 525,182 | 20,971,805 | |
Woolworths Ltd. | 998,190 | 27,090,790 | |
WorleyParsons Ltd. | 155,118 | 4,885,201 | |
TOTAL AUSTRALIA | 732,115,851 | ||
Austria - 0.2% | |||
Erste Bank AG | 157,204 | 3,944,561 | |
IMMOEAST AG (a)(d) | 321,410 | 4 | |
IMMOFINANZ Immobilien Anlagen AG | 804,922 | 2,816,977 | |
OMV AG | 133,721 | 4,975,537 | |
Osterreichische Elektrizitatswirtschafts AG | 56,769 | 1,591,206 | |
Raiffeisen International Bank-Holding AG (d) | 36,806 | 1,332,961 | |
Telekom Austria AG | 266,314 | 3,099,744 | |
Vienna Insurance Group AG Wien | 27,914 | 1,232,378 | |
Voestalpine AG | 89,891 | 3,186,023 | |
TOTAL AUSTRIA | 22,179,391 | ||
Bailiwick of Guernsey - 0.1% | |||
Resolution Ltd. | 1,185,168 | 5,071,633 | |
Bailiwick of Jersey - 0.8% | |||
Experian PLC | 816,086 | 12,274,761 | |
Glencore International PLC (d) | 1,109,592 | 7,625,400 | |
Petrofac Ltd. | 208,212 | 5,269,768 | |
Randgold Resources Ltd. | 74,284 | 8,507,192 | |
Shire PLC | 453,238 | 15,806,378 | |
Wolseley PLC | 230,059 | 8,915,221 | |
WPP PLC | 1,012,710 | 12,944,538 | |
TOTAL BAILIWICK OF JERSEY | 71,343,258 | ||
Belgium - 1.0% | |||
Ageas | 1,767,040 | 3,752,357 | |
Anheuser-Busch InBev SA NV | 659,126 | 44,277,563 | |
Bekaert SA (d) | 30,019 | 1,003,582 | |
Belgacom SA | 128,721 | 4,097,565 | |
Colruyt NV | 64,087 | 2,511,783 | |
Delhaize Group SA | 85,226 | 4,684,013 | |
Groupe Bruxelles Lambert SA | 65,629 | 4,929,357 | |
Groupe Bruxelles Lambert SA (strip VVPR) (a) | 2,466 | 13 | |
KBC Groupe SA | 134,595 | 3,179,121 | |
Common Stocks - continued | |||
Shares | Value | ||
Belgium - continued | |||
Mobistar SA | 25,921 | $ 1,241,596 | |
Solvay SA Class A | 47,640 | 5,861,721 | |
UCB SA | 83,158 | 3,357,835 | |
Umicore SA | 94,933 | 4,938,643 | |
TOTAL BELGIUM | 83,835,149 | ||
Bermuda - 0.5% | |||
Cheung Kong Infrastructure Holdings Ltd. | 386,450 | 2,272,034 | |
First Pacific Co. Ltd. | 1,620,000 | 1,819,239 | |
Kerry Properties Ltd. | 563,181 | 2,672,098 | |
Li & Fung Ltd. | 4,663,246 | 10,702,000 | |
Noble Group Ltd. | 3,071,890 | 3,487,853 | |
NWS Holdings Ltd. | 1,012,869 | 1,679,387 | |
Orient Overseas International Ltd. | 202,400 | 1,392,200 | |
Seadrill Ltd. (d) | 266,092 | 11,028,561 | |
Shangri-La Asia Ltd. | 1,103,380 | 2,759,837 | |
Yue Yuen Industrial (Holdings) Ltd. | 579,000 | 1,993,180 | |
TOTAL BERMUDA | 39,806,389 | ||
Cayman Islands - 0.2% | |||
ASM Pacific Technology Ltd. | 167,929 | 2,366,478 | |
Foxconn International Holdings Ltd. (a) | 1,765,000 | 1,240,217 | |
Lifestyle International Holdings Ltd. | 462,500 | 1,267,148 | |
Sands China Ltd. | 1,942,000 | 7,298,681 | |
Wynn Macau Ltd. | 1,242,800 | 3,276,809 | |
TOTAL CAYMAN ISLANDS | 15,449,333 | ||
Denmark - 1.1% | |||
A.P. Moller - Maersk A/S: | |||
Series A | 466 | 3,583,780 | |
Series B | 1,049 | 8,458,313 | |
Carlsberg A/S Series B | 86,507 | 6,809,390 | |
Coloplast A/S Series B | 18,560 | 3,052,927 | |
Danske Bank A/S (a) | 523,206 | 9,421,814 | |
DSV de Sammensluttede Vognmaend A/S | 170,913 | 3,981,202 | |
Novo Nordisk A/S Series B | 344,786 | 48,327,013 | |
Novozymes A/S Series B | 185,268 | 5,510,668 | |
TDC A/S | 395,803 | 3,136,836 | |
Tryg A/S | 21,257 | 1,138,856 | |
Vestas Wind Systems A/S (a)(d) | 170,541 | 1,754,028 | |
William Demant Holding A/S (a)(d) | 19,685 | 1,827,094 | |
TOTAL DENMARK | 97,001,921 | ||
Finland - 0.8% | |||
Elisa Corp. (A Shares) | 115,880 | 2,638,275 | |
Fortum Corp. | 356,751 | 8,863,668 | |
Kesko Oyj | 53,126 | 1,785,640 | |
Kone Oyj (B Shares) (d) | 123,476 | 7,334,820 | |
Metso Corp. | 102,252 | 4,856,247 | |
Neste Oil Oyj | 95,349 | 1,174,336 | |
Nokia Corp. | 3,066,056 | 16,112,236 | |
| |||
Shares | Value | ||
Nokian Tyres PLC | 89,422 | $ 3,968,153 | |
Orion Oyj (B Shares) (d) | 76,922 | 1,657,029 | |
Pohjola Bank PLC (A Shares) | 107,193 | 1,238,812 | |
Sampo OYJ (A Shares) | 344,414 | 9,704,219 | |
Sanoma-WSOY Oyj (d) | 63,593 | 831,513 | |
Stora Enso Oyj (R Shares) | 458,791 | 3,444,120 | |
UPM-Kymmene Corp. | 425,003 | 5,860,056 | |
Wartsila Corp. | 134,351 | 4,624,905 | |
TOTAL FINLAND | 74,094,029 | ||
France - 8.4% | |||
Accor SA | 116,249 | 4,088,487 | |
Aeroports de Paris | 27,142 | 2,144,203 | |
Air Liquide SA | 8,815 | 1,145,328 | |
Air Liquide SA (a) | 72,885 | 9,469,909 | |
Air Liquide SA | 12,827 | 1,666,605 | |
Alcatel-Lucent SA (a)(d) | 1,905,603 | 4,747,177 | |
Alstom SA | 166,083 | 7,155,412 | |
Arkema SA | 45,926 | 4,208,140 | |
Atos Origin SA | 41,626 | 2,369,002 | |
AXA SA | 1,418,525 | 22,875,533 | |
BIC SA | 22,638 | 2,276,050 | |
BNP Paribas SA | 786,437 | 38,382,173 | |
Bouygues SA | 157,964 | 5,025,299 | |
Bureau Veritas SA | 42,688 | 3,526,444 | |
Cap Gemini SA | 122,051 | 5,377,061 | |
Carrefour SA | 468,161 | 11,737,735 | |
Casino Guichard Perrachon SA | 45,506 | 4,432,761 | |
Christian Dior SA | 43,741 | 6,785,747 | |
CNP Assurances | 125,357 | 1,806,946 | |
Compagnie de St. Gobain | 325,112 | 15,436,190 | |
Compagnie Generale de Geophysique SA (a) | 119,410 | 3,652,566 | |
Credit Agricole SA | 814,675 | 5,217,085 | |
Danone | 475,305 | 32,153,963 | |
Dassault Systemes SA | 49,167 | 4,081,977 | |
Edenred | 128,871 | 3,438,789 | |
EDF SA | 6,839 | 170,511 | |
EDF SA | 186,140 | 4,640,865 | |
Eiffage SA | 31,432 | 1,250,768 | |
Essilor International SA | 163,110 | 12,985,558 | |
Eurazeo SA | 26,097 | 1,235,946 | |
Eutelsat Communications | 107,656 | 4,014,307 | |
Fonciere Des Regions (d) | 21,563 | 1,563,281 | |
France Telecom SA | 1,498,025 | 22,839,340 | |
GDF Suez | 1,008,641 | 26,162,064 | |
Gecina SA | 18,921 | 1,816,889 | |
Groupe Eurotunnel SA | 436,310 | 3,785,114 | |
ICADE | 17,488 | 1,448,872 | |
Iliad SA | 16,487 | 2,186,514 | |
Imerys | 27,805 | 1,680,587 | |
JC Decaux SA (a) | 52,245 | 1,449,784 | |
Klepierre SA | 80,441 | 2,554,778 | |
L'Oreal SA (a) | 179,277 | 20,446,478 | |
Common Stocks - continued | |||
Shares | Value | ||
France - continued | |||
L'Oreal SA | 17,567 | $ 2,003,510 | |
Lafarge SA (a) | 71,536 | 3,326,932 | |
Lafarge SA (a) | 71,270 | 3,314,561 | |
Lafarge SA | 16,709 | 777,087 | |
Lafarge SA (Bearer) | 5,424 | 252,255 | |
Lagardere S.C.A. (Reg.) | 93,992 | 2,814,859 | |
Legrand SA | 180,374 | 6,548,018 | |
LVMH Moet Hennessy - Louis Vuitton SA | 206,511 | 34,746,893 | |
Michelin CGDE Series B | 147,193 | 10,149,645 | |
Natixis SA | 757,338 | 2,737,215 | |
Neopost SA | 26,794 | 1,833,294 | |
Pernod Ricard SA | 160,355 | 16,590,112 | |
Peugeot Citroen SA (d) | 124,412 | 2,493,583 | |
PPR SA | 61,257 | 10,412,999 | |
Publicis Groupe SA | 115,735 | 6,331,491 | |
Renault SA | 158,268 | 8,378,966 | |
Safran SA | 134,341 | 4,501,967 | |
Sanofi SA | 930,372 | 68,817,089 | |
Schneider Electric SA | 398,365 | 27,071,102 | |
SCOR SE | 139,261 | 3,685,424 | |
Societe Generale Series A | 533,669 | 17,240,631 | |
Sodexo SA | 74,845 | 5,760,161 | |
Suez Environnement SA | 232,149 | 3,398,865 | |
Technip SA | 80,370 | 8,772,156 | |
Television Francaise 1 SA | 94,412 | 1,128,208 | |
Thales SA | 83,415 | 3,010,944 | |
Total SA | 1,727,090 | 96,607,118 | |
Total SA (strip VVPR) (a) | 3,096 | 4 | |
Unibail-Rodamco | 74,181 | 14,329,470 | |
Vallourec SA | 91,718 | 6,457,568 | |
Veolia Environnement | 292,440 | 3,555,245 | |
VINCI SA | 370,184 | 19,275,124 | |
Vivendi | 1,009,357 | 21,676,006 | |
Wendel SA | 26,649 | 2,245,134 | |
TOTAL FRANCE | 733,675,874 | ||
Germany - 7.7% | |||
adidas AG | 170,489 | 13,395,859 | |
Allianz AG | 373,395 | 45,281,674 | |
Axel Springer Verlag | 35,579 | 1,697,098 | |
BASF AG | 747,765 | 65,647,770 | |
Bayer AG | 673,634 | 49,806,545 | |
Bayerische Motoren Werke AG (BMW) | 268,677 | 24,851,184 | |
Beiersdorf AG | 82,406 | 5,160,818 | |
Brenntag AG | 37,743 | 4,399,607 | |
Celesio AG | 70,608 | 1,307,489 | |
Commerzbank AG (a)(d) | 2,867,440 | 7,204,527 | |
Continental AG | 64,837 | 5,902,062 | |
Daimler AG (Germany) | 744,909 | 45,048,535 | |
Deutsche Bank AG | 757,553 | 35,348,047 | |
Deutsche Boerse AG | 157,925 | 10,470,995 | |
Deutsche Lufthansa AG | 178,059 | 2,471,730 | |
| |||
Shares | Value | ||
Deutsche Post AG | 681,678 | $ 11,973,713 | |
Deutsche Telekom AG | 2,269,214 | 26,481,891 | |
E.ON AG | 1,467,337 | 33,749,387 | |
Fraport AG Frankfurt Airport Services Worldwide | 32,507 | 1,999,213 | |
Fresenius Medical Care AG & Co. KGaA | 168,285 | 11,804,864 | |
Fresenius SE | 92,002 | 9,511,049 | |
GEA Group AG | 142,095 | 4,800,622 | |
Hannover Rueckversicherungs AG | 53,278 | 2,957,255 | |
HeidelbergCement Finance AG | 114,050 | 6,139,791 | |
HeidelbergCement Finance AG (strip VVPR) (a) | 239 | 0 | |
Henkel AG & Co. KGaA | 102,865 | 5,613,711 | |
Hochtief AG | 33,381 | 2,330,682 | |
Infineon Technologies AG | 896,593 | 9,067,003 | |
K&S AG | 139,524 | 6,965,623 | |
Kabel Deutschland Holding AG (a) | 74,560 | 4,476,750 | |
Lanxess AG | 67,950 | 5,078,340 | |
Linde AG | 137,122 | 22,797,706 | |
MAN SE | 50,735 | 5,846,463 | |
Merck KGaA | 52,117 | 5,388,483 | |
Metro AG | 104,409 | 4,133,864 | |
Munich Re Group | 147,838 | 21,556,154 | |
RWE AG | 396,257 | 18,053,960 | |
Salzgitter AG | 31,967 | 1,956,421 | |
SAP AG | 746,961 | 50,425,849 | |
Siemens AG | 667,473 | 66,519,200 | |
Suedzucker AG (Bearer) | 56,884 | 1,647,855 | |
Thyssenkrupp AG | 312,112 | 8,421,940 | |
United Internet AG | 89,235 | 1,722,555 | |
Volkswagen AG | 22,950 | 3,889,012 | |
Wacker Chemie AG (d) | 12,121 | 1,196,537 | |
TOTAL GERMANY | 674,499,833 | ||
Greece - 0.1% | |||
Coca-Cola Hellenic Bottling Co. SA | 144,036 | 2,705,575 | |
Greek Organization of Football Prognostics SA | 177,408 | 1,583,498 | |
Hellenic Telecommunications Organization SA | 172,803 | 547,895 | |
National Bank of Greece SA (a) | 819,089 | 2,524,812 | |
TOTAL GREECE | 7,361,780 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 6,816,800 | 25,839,522 | |
Bank of East Asia Ltd. | 1,255,534 | 5,058,655 | |
BOC Hong Kong (Holdings) Ltd. | 3,026,066 | 8,485,829 | |
Cathay Pacific Airways Ltd. | 899,327 | 1,785,644 | |
Cheung Kong Holdings Ltd. | 1,191,449 | 17,419,878 | |
CLP Holdings Ltd. | 1,570,157 | 13,867,247 | |
Galaxy Entertainment Group Ltd. (a) | 1,073,000 | 2,650,647 | |
Hang Lung Group Ltd. | 701,000 | 4,754,013 | |
Hang Lung Properties Ltd. | 1,981,423 | 7,497,939 | |
Hang Seng Bank Ltd. | 631,801 | 8,846,403 | |
Henderson Land Development Co. Ltd. | 855,319 | 5,370,487 | |
Common Stocks - continued | |||
Shares | Value | ||
Hong Kong - continued | |||
HKT Trust / HKT Ltd. unit | 67,369 | $ 48,554 | |
Hong Kong & China Gas Co. Ltd. | 3,863,523 | 9,862,915 | |
Hong Kong Exchanges and Clearing Ltd. | 833,598 | 15,541,093 | |
Hopewell Holdings Ltd. | 460,500 | 1,404,163 | |
Hutchison Whampoa Ltd. | 1,723,158 | 17,129,161 | |
Hysan Development Co. Ltd. | 519,044 | 2,265,267 | |
Link (REIT) | 1,844,950 | 6,922,041 | |
MTR Corp. Ltd. | 1,148,451 | 4,086,751 | |
New World Development Co. Ltd. | 3,028,600 | 4,170,324 | |
PCCW Ltd. | 3,399,000 | 1,257,737 | |
Power Assets Holdings Ltd. | 1,136,176 | 8,510,956 | |
Sino Land Ltd. | 2,338,689 | 4,173,161 | |
SJM Holdings Ltd. | 1,369,000 | 2,866,461 | |
Sun Hung Kai Properties Ltd. | 1,170,685 | 18,021,917 | |
Swire Pacific Ltd. (A Shares) | 583,884 | 6,639,751 | |
Wharf Holdings Ltd. | 1,253,585 | 7,846,927 | |
Wheelock and Co. Ltd. | 719,000 | 2,470,488 | |
Wing Hang Bank Ltd. | 147,842 | 1,403,871 | |
TOTAL HONG KONG | 216,197,802 | ||
Ireland - 0.3% | |||
CRH PLC | 580,352 | 12,326,321 | |
Elan Corp. PLC (a) | 400,037 | 4,995,479 | |
Irish Bank Resolution Corp. Ltd. (a) | 331,052 | 4 | |
James Hardie Industries NV CDI | 363,696 | 2,858,636 | |
Kerry Group PLC Class A | 114,196 | 4,868,221 | |
Ryanair Holdings PLC (a) | 262,563 | 1,431,166 | |
TOTAL IRELAND | 26,479,827 | ||
Isle of Man - 0.1% | |||
Genting Singapore PLC (a) | 4,863,859 | 6,280,840 | |
Israel - 0.6% | |||
Bank Hapoalim BM (Reg.) | 834,048 | 2,701,075 | |
Bank Leumi le-Israel BM | 948,255 | 2,747,548 | |
Bezeq Israeli Telecommunication Corp. Ltd. | 1,399,043 | 2,311,642 | |
Cellcom Israel Ltd. | 4,000 | 53,400 | |
Cellcom Israel Ltd. (Israel) | 40,444 | 548,292 | |
Delek Group Ltd. | 3,490 | 630,628 | |
Elbit Systems Ltd. (Israel) | 19,780 | 725,291 | |
Israel Chemicals Ltd. | 355,747 | 3,771,336 | |
Israel Corp. Ltd. (Class A) | 1,890 | 1,134,220 | |
Israel Discount Bank Ltd. (Class A) (a) | 632,458 | 794,544 | |
Mizrahi Tefahot Bank Ltd. | 97,754 | 771,416 | |
NICE Systems Ltd. (a) | 48,532 | 1,652,522 | |
Partner Communications Co. Ltd. | 65,841 | 483,618 | |
Teva Pharmaceutical Industries Ltd. | 747,031 | 33,402,918 | |
Teva Pharmaceutical Industries Ltd. sponsored ADR | 20,000 | 896,200 | |
TOTAL ISRAEL | 52,624,650 | ||
Italy - 2.2% | |||
A2A SpA | 945,335 | 951,458 | |
| |||
Shares | Value | ||
Assicurazioni Generali SpA | 949,546 | $ 15,293,671 | |
Atlantia SpA | 252,906 | 4,235,102 | |
Autogrill SpA | 85,034 | 863,211 | |
Banca Carige SpA (d) | 483,085 | 741,388 | |
Banca Monte dei Paschi di Siena SpA (d) | 3,895,538 | 2,081,044 | |
Banco Popolare Societa Cooperativa (d) | 1,376,567 | 2,530,730 | |
Enel Green Power SpA | 1,403,128 | 2,762,747 | |
Enel SpA | 5,373,688 | 21,562,387 | |
ENI SpA | 1,980,868 | 45,555,270 | |
EXOR SpA | 50,843 | 1,278,123 | |
Fiat Industrial SpA (a) | 616,828 | 6,573,906 | |
Fiat SpA (d) | 616,656 | 3,566,993 | |
Finmeccanica SpA (d) | 349,144 | 1,766,562 | |
Intesa Sanpaolo SpA | 8,185,930 | 15,932,637 | |
Intesa Sanpaolo SpA (Risparmio Shares) | 778,148 | 1,245,015 | |
Luxottica Group SpA | 89,919 | 3,216,317 | |
Mediaset SpA | 546,805 | 1,620,081 | |
Mediobanca SpA | 409,666 | 2,668,752 | |
Pirelli & C SpA | 210,206 | 2,189,885 | |
Prysmian SpA | 159,461 | 2,753,144 | |
Saipem SpA | 213,492 | 10,799,201 | |
Snam Rete Gas SpA | 1,301,101 | 6,298,909 | |
Telecom Italia SpA | 7,536,734 | 8,657,297 | |
Terna SpA | 982,545 | 3,701,701 | |
UniCredit SpA | 3,275,150 | 17,042,483 | |
Unione di Banche Italiane SCPA (d) | 636,324 | 2,948,338 | |
TOTAL ITALY | 188,836,352 | ||
Japan - 20.9% | |||
ABC-Mart, Inc. | 22,100 | 778,305 | |
Advantest Corp. | 117,990 | 1,663,282 | |
Aeon Co. Ltd. | 491,300 | 6,236,812 | |
Aeon Credit Service Co. Ltd. | 69,400 | 1,002,222 | |
Aeon Mall Co. Ltd. | 64,300 | 1,437,150 | |
Air Water, Inc. | 117,000 | 1,521,238 | |
Aisin Seiki Co. Ltd. | 155,000 | 5,456,793 | |
Ajinomoto Co., Inc. | 532,866 | 6,279,422 | |
Alfresa Holdings Corp. | 33,700 | 1,481,979 | |
All Nippon Airways Ltd. | 612,000 | 1,874,507 | |
Amada Co. Ltd. | 303,000 | 2,128,212 | |
Aozora Bank Ltd. | 487,000 | 1,407,774 | |
Asahi Glass Co. Ltd. | 858,677 | 7,710,612 | |
Asahi Group Holdings | 312,603 | 6,836,929 | |
Asahi Kasei Corp. | 1,006,727 | 6,377,568 | |
Asics Corp. | 125,300 | 1,476,566 | |
Astellas Pharma, Inc. | 355,700 | 14,613,913 | |
Bank of Kyoto Ltd. | 262,000 | 2,307,547 | |
Bank of Yokohama Ltd. | 1,008,084 | 4,860,926 | |
Benesse Holdings, Inc. | 54,900 | 2,518,937 | |
Bridgestone Corp. | 528,179 | 12,708,262 | |
Brother Industries Ltd. | 196,000 | 2,533,932 | |
Canon, Inc. | 919,444 | 41,927,048 | |
Casio Computer Co. Ltd. (d) | 198,100 | 1,362,174 | |
Central Japan Railway Co. | 1,205 | 9,886,648 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Chiba Bank Ltd. | 639,674 | $ 4,044,436 | |
Chiyoda Corp. | 136,000 | 1,743,182 | |
Chubu Electric Power Co., Inc. | 550,564 | 10,097,681 | |
Chugai Pharmaceutical Co. Ltd. | 169,325 | 2,770,186 | |
Chugoku Electric Power Co., Inc.(THE) | 242,000 | 4,387,822 | |
Citizen Holdings Co. Ltd. | 222,566 | 1,374,354 | |
Coca-Cola West Co. Ltd. | 47,600 | 809,191 | |
Cosmo Oil Co. Ltd. | 473,000 | 1,378,941 | |
Credit Saison Co. Ltd. | 119,252 | 2,379,319 | |
Dai Nippon Printing Co. Ltd. | 464,242 | 4,779,760 | |
Dai-ichi Mutual Life Insurance Co. | 7,396 | 9,716,377 | |
Daicel Chemical Industries Ltd. | 240,000 | 1,564,672 | |
Daido Steel Co. Ltd. | 236,000 | 1,556,012 | |
Daihatsu Motor Co. Ltd. | 161,000 | 3,085,528 | |
Daiichi Sankyo Kabushiki Kaisha | 536,970 | 9,861,569 | |
Daikin Industries Ltd. | 189,394 | 5,614,608 | |
Dainippon Sumitomo Pharma Co. Ltd. | 141,800 | 1,470,415 | |
Daito Trust Construction Co. Ltd. | 58,863 | 5,184,318 | |
Daiwa House Industry Co. Ltd. | 382,184 | 4,931,558 | |
Daiwa Securities Group, Inc. | 1,331,985 | 5,521,606 | |
DeNA Co. Ltd. | 80,000 | 2,602,866 | |
Denki Kagaku Kogyo KK | 363,358 | 1,457,097 | |
Denso Corp. | 387,938 | 12,822,307 | |
Dentsu, Inc. | 146,200 | 4,540,931 | |
East Japan Railway Co. | 272,300 | 17,451,049 | |
Eisai Co. Ltd. | 201,878 | 8,169,982 | |
Electric Power Development Co. Ltd. | 97,280 | 2,485,400 | |
FamilyMart Co. Ltd. | 54,000 | 2,105,665 | |
Fanuc Corp. | 156,272 | 28,315,230 | |
Fast Retailing Co. Ltd. | 42,800 | 8,860,619 | |
Fuji Electric Co. Ltd. | 487,153 | 1,264,399 | |
Fuji Heavy Industries Ltd. | 487,000 | 3,678,185 | |
Fujifilm Holdings Corp. | 381,605 | 9,655,717 | |
Fujitsu Ltd. | 1,500,075 | 8,137,439 | |
Fukuoka Financial Group, Inc. | 626,300 | 2,727,231 | |
Furukawa Electric Co. Ltd. | 533,790 | 1,556,163 | |
GREE, Inc. (d) | 76,000 | 2,376,432 | |
GS Yuasa Corp. (d) | 301,000 | 1,621,723 | |
Gunma Bank Ltd. | 320,663 | 1,727,663 | |
Hakuhodo DY Holdings, Inc. | 17,940 | 1,093,458 | |
Hamamatsu Photonics KK | 53,700 | 1,912,974 | |
Hino Motors Ltd. | 228,000 | 1,621,059 | |
Hirose Electric Co. Ltd. | 27,198 | 2,793,570 | |
Hiroshima Bank Ltd. | 389,000 | 1,789,606 | |
Hisamitsu Pharmaceutical Co., Inc. | 50,700 | 2,288,812 | |
Hitachi Chemical Co. Ltd. | 87,300 | 1,611,874 | |
Hitachi Construction Machinery Co. Ltd. (d) | 86,800 | 1,814,050 | |
Hitachi High-Technologies Corp. | 57,700 | 1,320,155 | |
Hitachi Ltd. | 3,691,271 | 21,656,777 | |
Hitachi Metals Ltd. | 143,000 | 1,787,170 | |
Hokkaido Electric Power Co., Inc. | 151,000 | 2,230,777 | |
| |||
Shares | Value | ||
Hokuhoku Financial Group, Inc. | 1,002,715 | $ 1,936,481 | |
Hokuriku Electric Power Co., Inc. | 137,700 | 2,562,767 | |
Honda Motor Co. Ltd. | 1,327,660 | 50,989,356 | |
Hoya Corp. | 350,616 | 8,159,979 | |
Ibiden Co. Ltd. | 100,500 | 2,419,319 | |
Idemitsu Kosan Co. Ltd. | 17,400 | 1,793,616 | |
INPEX Corp. | 1,789 | 12,697,620 | |
Isetan Mitsukoshi Holdings Ltd. | 301,987 | 3,398,956 | |
Ishikawajima-Harima Heavy Industries Co. Ltd. | 1,095,185 | 2,775,178 | |
Isuzu Motors Ltd. | 984,000 | 5,543,662 | |
Itochu Corp. | 1,215,486 | 13,830,181 | |
ITOCHU Techno-Solutions Corp. | 23,600 | 1,050,889 | |
Iyo Bank Ltd. | 194,000 | 1,758,755 | |
J Front Retailing Co. Ltd. | 376,800 | 1,900,338 | |
Japan Petroleum Exploration Co. Ltd. | 28,300 | 1,373,313 | |
Japan Prime Realty Investment Corp. | 519 | 1,373,871 | |
Japan Real Estate Investment Corp. | 426 | 3,762,446 | |
Japan Retail Fund Investment Corp. | 1,497 | 2,241,035 | |
Japan Steel Works Ltd. | 257,000 | 1,903,118 | |
Japan Tobacco, Inc. | 3,679 | 19,550,133 | |
JFE Holdings, Inc. | 380,875 | 8,203,606 | |
JGC Corp. | 165,117 | 4,779,142 | |
Joyo Bank Ltd. | 529,941 | 2,392,378 | |
JS Group Corp. | 211,859 | 4,430,289 | |
JSR Corp. | 141,716 | 2,975,696 | |
JTEKT Corp. | 185,700 | 2,096,963 | |
Jupiter Telecommunications Co. | 1,847 | 1,799,402 | |
JX Holdings, Inc. | 1,824,968 | 11,448,843 | |
Kajima Corp. | 690,317 | 2,131,368 | |
Kamigumi Co. Ltd. | 210,663 | 1,808,756 | |
Kaneka Corp. | 216,559 | 1,244,026 | |
Kansai Electric Power Co., Inc. | 607,136 | 10,052,341 | |
Kansai Paint Co. Ltd. | 167,000 | 1,577,662 | |
Kao Corp. | 422,750 | 10,811,210 | |
Kawasaki Heavy Industries Ltd. | 1,171,945 | 3,676,069 | |
Kawasaki Kisen Kaisha Ltd. (d) | 533,000 | 1,121,139 | |
KDDI Corp. | 2,353 | 14,935,089 | |
Keihin Electric Express Railway Co. Ltd. | 378,061 | 3,366,950 | |
Keio Corp. | 466,410 | 3,350,556 | |
Keisei Electric Railway Co. | 224,000 | 1,644,972 | |
Keyence Corp. | 33,420 | 8,764,554 | |
Kikkoman Corp. | 135,849 | 1,497,272 | |
Kinden Corp. | 102,000 | 806,766 | |
Kintetsu Corp. (d) | 1,317,100 | 5,022,462 | |
Kirin Holdings Co. Ltd. | 654,256 | 7,693,816 | |
Kobe Steel Ltd. | 2,026,000 | 3,513,943 | |
Koito Manufacturing Co. Ltd. | 79,000 | 1,353,675 | |
Komatsu Ltd. | 764,645 | 22,780,863 | |
Konami Corp. | 78,100 | 2,146,201 | |
Konica Minolta Holdings, Inc. | 394,500 | 3,328,950 | |
Kubota Corp. | 1,028,864 | 10,124,746 | |
Kuraray Co. Ltd. | 279,386 | 4,027,805 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Kurita Water Industries Ltd. | 89,300 | $ 2,294,701 | |
Kyocera Corp. | 123,402 | 10,914,083 | |
Kyowa Hakko Kirin Co., Ltd. | 210,689 | 2,249,561 | |
Kyushu Electric Power Co., Inc. | 328,270 | 4,825,422 | |
Lawson, Inc. | 50,516 | 2,970,250 | |
Mabuchi Motor Co. Ltd. | 20,821 | 968,121 | |
Makita Corp. | 91,700 | 3,812,609 | |
Marubeni Corp. | 1,342,244 | 9,592,765 | |
Marui Group Co. Ltd. | 181,649 | 1,479,201 | |
Maruichi Steel Tube Ltd. | 41,800 | 931,688 | |
Mazda Motor Corp. (a)(d) | 1,363,000 | 2,246,657 | |
McDonald's Holdings Co. (Japan) Ltd. | 48,900 | 1,274,606 | |
Medipal Holdings Corp. | 118,000 | 1,418,119 | |
Meiji Holdings Co. Ltd. | 54,229 | 2,298,037 | |
Miraca Holdings, Inc. | 44,500 | 1,699,643 | |
Mitsubishi Chemical Holdings Corp. | 1,097,275 | 6,316,806 | |
Mitsubishi Corp. | 1,129,702 | 27,667,591 | |
Mitsubishi Electric Corp. | 1,547,106 | 13,873,428 | |
Mitsubishi Estate Co. Ltd. | 1,017,723 | 18,402,766 | |
Mitsubishi Gas Chemical Co., Inc. | 312,867 | 1,985,846 | |
Mitsubishi Heavy Industries Ltd. | 2,441,256 | 11,441,277 | |
Mitsubishi Logistics Corp. | 99,000 | 1,160,551 | |
Mitsubishi Materials Corp. | 936,937 | 3,019,589 | |
Mitsubishi Motors Corp. of Japan (a)(d) | 3,161,000 | 3,771,659 | |
Mitsubishi Tanabe Pharma Corp. | 172,500 | 2,355,311 | |
Mitsubishi UFJ Financial Group, Inc. | 10,363,630 | 53,557,142 | |
Mitsubishi UFJ Lease & Finance Co. Ltd. | 47,720 | 2,036,883 | |
Mitsui & Co. Ltd. | 1,415,423 | 24,357,917 | |
Mitsui Chemicals, Inc. | 650,683 | 2,225,105 | |
Mitsui Fudosan Co. Ltd. | 684,677 | 12,986,924 | |
Mitsui OSK Lines Ltd. (d) | 939,285 | 4,274,992 | |
Mizuho Financial Group, Inc. | 18,453,700 | 31,016,132 | |
MS&AD Insurance Group Holdings, Inc. | 453,484 | 9,722,894 | |
Murata Manufacturing Co. Ltd. | 163,454 | 9,741,493 | |
Nabtesco Corp. | 82,300 | 1,917,414 | |
Namco Bandai Holdings, Inc. | 159,150 | 2,221,973 | |
NEC Corp. (a) | 2,115,951 | 4,138,461 | |
NGK Insulators Ltd. | 209,309 | 2,875,923 | |
NGK Spark Plug Co. Ltd. | 135,000 | 1,820,038 | |
NHK Spring Co. Ltd. | 119,900 | 1,235,946 | |
Nidec Corp. | 89,842 | 8,487,442 | |
Nikon Corp. | 275,638 | 7,462,689 | |
Nintendo Co. Ltd. | 80,096 | 11,823,015 | |
Nippon Building Fund, Inc. | 491 | 4,704,951 | |
Nippon Electric Glass Co. Ltd. | 328,000 | 3,066,363 | |
Nippon Express Co. Ltd. | 687,546 | 2,697,917 | |
Nippon Meat Packers, Inc. | 139,740 | 1,796,277 | |
Nippon Paper Group, Inc. (d) | 76,700 | 1,644,481 | |
Nippon Sheet Glass Co. Ltd. (d) | 700,000 | 1,171,044 | |
Nippon Steel Corp. (d) | 4,089,661 | 11,771,704 | |
Nippon Telegraph & Telephone Corp. | 383,600 | 18,055,856 | |
Nippon Yusen KK | 1,256,578 | 3,740,598 | |
| |||
Shares | Value | ||
Nishi-Nippon City Bank Ltd. | 502,000 | $ 1,426,435 | |
Nissan Motor Co. Ltd. | 2,045,348 | 20,932,771 | |
Nisshin Seifun Group, Inc. | 152,090 | 1,818,457 | |
Nisshin Steel Co. Ltd. | 565,000 | 973,000 | |
Nissin Food Holdings Co. Ltd. | 45,823 | 1,719,173 | |
Nitori Holdings Co. Ltd. | 29,300 | 2,476,056 | |
Nitto Denko Corp. | 133,194 | 5,472,267 | |
NKSJ Holdings, Inc. | 312,903 | 7,336,160 | |
NOK Corp. | 83,600 | 1,670,046 | |
Nomura Holdings, Inc. | 2,887,547 | 13,419,371 | |
Nomura Real Estate Holdings, Inc. | 73,400 | 1,271,262 | |
Nomura Real Estate Office Fund, Inc. (a) | 213 | 1,232,751 | |
Nomura Research Institute Ltd. | 84,700 | 2,013,963 | |
NSK Ltd. | 357,576 | 2,823,837 | |
NTN Corp. | 398,611 | 1,735,756 | |
NTT Data Corp. | 1,028 | 3,463,549 | |
NTT DoCoMo, Inc. | 12,169 | 20,755,758 | |
NTT Urban Development Co. | 844 | 676,903 | |
Obayashi Corp. | 548,704 | 2,477,082 | |
Odakyu Electric Railway Co. Ltd. | 491,000 | 4,686,832 | |
Oji Paper Co. Ltd. | 700,352 | 3,480,438 | |
Olympus Corp. | 179,929 | 3,007,854 | |
Omron Corp. | 162,960 | 3,608,193 | |
Ono Pharmaceutical Co. Ltd. | 66,500 | 3,631,958 | |
Oracle Corp. Japan | 29,300 | 1,055,658 | |
Oriental Land Co. Ltd. | 39,256 | 4,065,878 | |
ORIX Corp. | 85,388 | 8,224,221 | |
Osaka Gas Co. Ltd. | 1,538,525 | 5,904,666 | |
Otsuka Corp. | 13,500 | 999,693 | |
Otsuka Holdings Co. Ltd. | 201,600 | 5,661,514 | |
Panasonic Corp. | 1,769,873 | 16,679,206 | |
Rakuten, Inc. | 5,876 | 5,840,222 | |
Resona Holdings, Inc. | 1,529,800 | 7,320,158 | |
Ricoh Co. Ltd. | 538,770 | 4,950,627 | |
Rinnai Corp. | 27,200 | 1,974,045 | |
ROHM Co. Ltd. | 76,344 | 3,840,912 | |
Sankyo Co. Ltd. (Gunma) | 43,100 | 2,072,957 | |
Sanrio Co. Ltd. (d) | 36,000 | 1,472,415 | |
Santen Pharmaceutical Co. Ltd. | 58,500 | 2,313,519 | |
SBI Holdings, Inc. Japan | 20,126 | 1,943,405 | |
Secom Co. Ltd. | 172,067 | 8,159,399 | |
Sega Sammy Holdings, Inc. | 176,500 | 3,345,673 | |
Seiko Epson Corp. | 106,600 | 1,442,401 | |
Sekisui Chemical Co. Ltd. | 350,293 | 3,007,621 | |
Sekisui House Ltd. | 464,467 | 4,399,282 | |
Seven & i Holdings Co., Ltd. | 617,800 | 17,068,440 | |
Seven Bank Ltd. | 488,000 | 1,068,504 | |
Sharp Corp. | 800,675 | 5,633,632 | |
Shikoku Electric Power Co., Inc. | 149,300 | 4,110,135 | |
Shimadzu Corp. | 210,000 | 1,818,562 | |
Shimamura Co. Ltd. | 18,300 | 2,001,193 | |
SHIMANO, Inc. | 58,600 | 3,395,117 | |
SHIMIZU Corp. | 472,416 | 1,911,863 | |
Shin-Etsu Chemical Co., Ltd. | 337,962 | 18,104,737 | |
Common Stocks - continued | |||
Shares | Value | ||
Japan - continued | |||
Shinsei Bank Ltd. | 1,073,000 | $ 1,385,879 | |
Shionogi & Co. Ltd. | 235,891 | 3,264,375 | |
Shiseido Co. Ltd. | 290,350 | 5,039,472 | |
Shizuoka Bank Ltd. | 472,274 | 4,798,553 | |
Showa Denko KK | 1,227,336 | 2,777,906 | |
Showa Shell Sekiyu KK | 150,800 | 1,016,525 | |
SMC Corp. | 43,271 | 7,377,281 | |
SOFTBANK CORP. | 716,630 | 21,341,550 | |
Sojitz Corp. | 1,019,700 | 1,894,024 | |
Sony Corp. | 805,585 | 17,386,545 | |
Sony Financial Holdings, Inc. | 132,700 | 2,427,270 | |
Square Enix Holdings Co. Ltd. | 51,100 | 996,920 | |
Stanley Electric Co. Ltd. | 124,225 | 2,104,162 | |
Sumco Corp. (a)(d) | 92,300 | 992,314 | |
Sumitomo Chemical Co. Ltd. | 1,269,334 | 5,496,102 | |
Sumitomo Corp. | 907,842 | 13,456,543 | |
Sumitomo Electric Industries Ltd. | 620,606 | 8,069,138 | |
Sumitomo Heavy Industries Ltd. | 461,822 | 2,539,325 | |
Sumitomo Metal Industries Ltd. | 2,799,966 | 5,820,706 | |
Sumitomo Metal Mining Co. Ltd. | 422,065 | 6,256,084 | |
Sumitomo Mitsui Financial Group, Inc. | 1,097,200 | 37,237,408 | |
Sumitomo Mitsui Trust Holdings, Inc. | 2,517,722 | 8,733,595 | |
Sumitomo Realty & Development Co. Ltd. | 294,000 | 6,856,806 | |
Sumitomo Rubber Industries Ltd. | 136,500 | 1,717,689 | |
Suzuken Co. Ltd. | 59,860 | 1,763,512 | |
Suzuki Motor Corp. | 271,900 | 6,445,062 | |
Sysmex Corp. | 58,400 | 2,100,518 | |
T&D Holdings, Inc. | 463,500 | 5,410,684 | |
Taisei Corp. | 862,594 | 2,281,293 | |
Taisho Pharmaceutical Holdings Co. Ltd. (a) | 31,557 | 2,527,044 | |
Taiyo Nippon Sanso Corp. | 203,000 | 1,340,931 | |
Takashimaya Co. Ltd. | 239,000 | 1,831,564 | |
Takeda Pharmaceutical Co. Ltd. | 643,042 | 29,029,636 | |
TDK Corp. | 101,025 | 5,269,033 | |
Teijin Ltd. | 774,341 | 2,590,821 | |
Terumo Corp. | 135,712 | 6,535,611 | |
The Chugoku Bank Ltd. | 143,000 | 1,903,266 | |
The Hachijuni Bank Ltd. | 362,000 | 2,124,042 | |
The Suruga Bank Ltd. | 176,000 | 1,630,211 | |
THK Co. Ltd. | 100,900 | 2,136,034 | |
Tobu Railway Co. Ltd. | 829,297 | 4,315,058 | |
Toho Co. Ltd. | 87,654 | 1,549,404 | |
Toho Gas Co. Ltd. | 344,000 | 2,005,732 | |
Tohoku Electric Power Co., Inc. | 359,590 | 4,228,649 | |
Tokio Marine Holdings, Inc. | 590,800 | 16,315,223 | |
Tokyo Electric Power Co. (a) | 1,168,418 | 3,233,828 | |
Tokyo Electron Ltd. | 138,718 | 7,695,654 | |
Tokyo Gas Co. Ltd. | 2,013,395 | 9,188,383 | |
Tokyu Corp. | 922,954 | 4,439,080 | |
Tokyu Land Corp. | 342,000 | 1,644,898 | |
TonenGeneral Sekiyu KK | 234,856 | 2,172,480 | |
| |||
Shares | Value | ||
Toppan Printing Co. Ltd. | 440,013 | $ 3,458,618 | |
Toray Industries, Inc. | 1,180,883 | 8,395,970 | |
Toshiba Corp. | 3,242,880 | 14,200,939 | |
Tosoh Corp. | 421,816 | 1,240,101 | |
Toto Ltd. | 243,185 | 1,839,705 | |
Toyo Seikan Kaisha Ltd. | 124,100 | 1,818,108 | |
Toyo Suisan Kaisha Ltd. | 71,000 | 1,822,708 | |
Toyoda Gosei Co. Ltd. | 56,800 | 1,064,105 | |
Toyota Boshoku Corp. | 55,500 | 695,670 | |
Toyota Industries Corp. | 147,886 | 4,609,670 | |
Toyota Motor Corp. | 2,245,351 | 93,332,507 | |
Toyota Tsusho Corp. | 174,800 | 3,506,966 | |
Trend Micro, Inc. | 85,800 | 2,505,556 | |
Tsumura & Co. | 52,800 | 1,521,747 | |
Ube Industries Ltd. | 844,605 | 2,441,505 | |
Unicharm Corp. | 94,380 | 4,881,824 | |
Ushio, Inc. | 80,600 | 1,194,698 | |
USS Co. Ltd. | 17,940 | 1,756,595 | |
West Japan Railway Co. | 136,100 | 5,549,806 | |
Yahoo! Japan Corp. | 11,652 | 3,683,577 | |
Yakult Honsha Co. Ltd. | 78,166 | 2,415,315 | |
Yamada Denki Co. Ltd. | 67,285 | 4,361,793 | |
Yamaguchi Financial Group, Inc. | 163,000 | 1,487,742 | |
Yamaha Corp. | 125,043 | 1,195,134 | |
Yamaha Motor Co. Ltd. | 230,200 | 3,301,719 | |
Yamato Holdings Co. Ltd. | 323,232 | 5,097,281 | |
Yamato Kogyo Co. Ltd. | 39,700 | 1,249,186 | |
Yamazaki Baking Co. Ltd. | 95,000 | 1,278,430 | |
Yaskawa Electric Corp. | 174,000 | 1,669,475 | |
Yokogawa Electric Corp. (a) | 190,400 | 1,810,434 | |
TOTAL JAPAN | 1,823,563,291 | ||
Luxembourg - 0.5% | |||
ArcelorMittal SA (Netherlands) | 698,012 | 14,710,706 | |
Millicom International Cellular SA (depositary receipt) | 60,657 | 6,797,163 | |
SES SA FDR (France) unit | 247,161 | 5,961,395 | |
Subsea 7 SA (a) | 247,387 | 5,943,112 | |
Tenaris SA | 396,241 | 7,706,935 | |
TOTAL LUXEMBOURG | 41,119,311 | ||
Malta - 0.0% | |||
BGP Holdings PLC (a) | 5,796,476 | 77 | |
Mauritius - 0.0% | |||
Golden Agri-Resources Ltd. | 5,598,680 | 3,267,930 | |
Netherlands - 2.6% | |||
AEGON NV (a) | 1,419,004 | 7,425,756 | |
Akzo Nobel NV | 188,640 | 10,699,362 | |
ASML Holding NV (Netherlands) | 350,089 | 15,916,959 | |
Corio NV | 50,371 | 2,420,450 | |
Delta Lloyd NV | 83,533 | 1,549,611 | |
European Aeronautic Defence and Space Co. EADS NV | 331,301 | 12,033,658 | |
Common Stocks - continued | |||
Shares | Value | ||
Netherlands - continued | |||
Fugro NV (Certificaten Van Aandelen) unit | 56,893 | $ 4,177,702 | |
Heineken Holding NV (A Shares) | 93,571 | 4,175,952 | |
Heineken NV (Bearer) | 211,837 | 11,183,953 | |
ING Groep NV (Certificaten Van Aandelen) (a) | 3,107,277 | 27,381,240 | |
Koninklijke Ahold NV | 955,812 | 13,217,194 | |
Koninklijke Boskalis Westminster NV | 59,403 | 2,275,179 | |
Koninklijke KPN NV | 1,207,062 | 13,081,471 | |
Koninklijke Philips Electronics NV | 814,756 | 17,081,562 | |
QIAGEN NV (a) | 191,319 | 2,932,339 | |
Randstad Holding NV | 96,168 | 3,638,466 | |
Reed Elsevier NV | 557,435 | 6,878,842 | |
Royal DSM NV | 124,929 | 6,948,470 | |
SBM Offshore NV | 141,961 | 2,575,820 | |
STMicroelectronics NV | 519,313 | 3,848,401 | |
TNT Express NV (d) | 295,665 | 3,683,218 | |
Unilever NV (Certificaten Van Aandelen) (Bearer) | 1,344,017 | 44,685,569 | |
Vopak NV | 60,474 | 3,375,609 | |
Wolters Kluwer NV (Certificaten Van Aandelen) | 245,818 | 4,576,515 | |
TOTAL NETHERLANDS | 225,763,298 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 746,760 | 1,497,200 | |
Contact Energy Ltd. | 253,005 | 1,018,732 | |
Fletcher Building Ltd. | 568,086 | 3,097,245 | |
Sky City Entertainment Group Ltd. | 557,243 | 1,746,692 | |
Telecom Corp. of New Zealand Ltd. | 1,520,309 | 2,711,497 | |
TOTAL NEW ZEALAND | 10,071,366 | ||
Norway - 0.8% | |||
Aker Solutions ASA | 130,953 | 2,271,037 | |
DnB NOR ASA | 843,002 | 10,819,608 | |
Gjensidige Forsikring ASA | 168,569 | 2,017,274 | |
Norsk Hydro ASA | 728,329 | 4,377,517 | |
Orkla ASA (A Shares) | 618,294 | 5,140,699 | |
StatoilHydro ASA | 908,754 | 25,915,001 | |
Telenor ASA | 592,436 | 10,947,193 | |
Yara International ASA | 151,029 | 7,405,091 | |
TOTAL NORWAY | 68,893,420 | ||
Portugal - 0.2% | |||
Banco Espirito Santo SA (Reg.) (d) | 592,720 | 1,309,982 | |
Cimpor-Cimentos de Portugal SGPS SA | 163,860 | 1,110,900 | |
Energias de Portugal SA | 1,481,927 | 4,323,549 | |
Galp Energia SGPS SA Class B | 181,449 | 3,164,198 | |
Jeronimo Martins SGPS SA (a) | 174,636 | 3,224,530 | |
Portugal Telecom SGPS SA (Reg.) (d) | 520,490 | 2,683,942 | |
TOTAL PORTUGAL | 15,817,101 | ||
Singapore - 1.6% | |||
Ascendas Real Estate Investment Trust | 1,480,183 | 2,438,074 | |
| |||
Shares | Value | ||
CapitaLand Ltd. | 2,041,437 | $ 5,027,486 | |
CapitaMall Trust | 1,736,200 | 2,498,829 | |
CapitaMalls Asia Ltd. | 1,109,000 | 1,365,578 | |
City Developments Ltd. | 401,000 | 3,568,648 | |
ComfortDelgro Corp. Ltd. | 1,529,784 | 1,871,482 | |
Cosco Corp. Singapore Ltd. | 929,000 | 895,091 | |
DBS Group Holdings Ltd. | 1,405,911 | 15,962,848 | |
Fraser & Neave Ltd. | 733,150 | 3,921,779 | |
Global Logistic Properties Ltd. (a) | 1,517,000 | 2,644,273 | |
Hutchison Port Holdings Trust | 4,131,000 | 3,284,145 | |
Jardine Cycle & Carriage Ltd. | 90,267 | 3,449,294 | |
Keppel Corp. Ltd. | 1,133,400 | 10,014,049 | |
Keppel Land Ltd. | 596,000 | 1,629,809 | |
Neptune Orient Lines Ltd. | 1,052,750 | 1,127,961 | |
Olam International Ltd. | 1,164,700 | 2,216,436 | |
Oversea-Chinese Banking Corp. Ltd. | 2,107,793 | 15,134,515 | |
SembCorp Industries Ltd. | 839,130 | 3,549,352 | |
SembCorp Marine Ltd. | 695,800 | 2,976,476 | |
Singapore Airlines Ltd. | 427,425 | 3,766,220 | |
Singapore Exchange Ltd. | 687,000 | 3,960,557 | |
Singapore Press Holdings Ltd. | 1,216,021 | 3,685,059 | |
Singapore Technologies Engineering Ltd. | 1,225,161 | 3,115,190 | |
Singapore Telecommunications Ltd. | 6,394,827 | 16,208,853 | |
StarHub Ltd. | 501,000 | 1,177,740 | |
United Overseas Bank Ltd. | 1,029,829 | 14,863,002 | |
UOL Group Ltd. | 382,984 | 1,436,209 | |
Wilmar International Ltd. | 1,527,000 | 6,239,132 | |
Yangzijiang Shipbuilding Holdings Ltd. | 1,683,000 | 1,830,152 | |
TOTAL SINGAPORE | 139,858,239 | ||
Spain - 3.0% | |||
Abertis Infraestructuras SA | 309,894 | 5,294,683 | |
Acerinox SA | 79,322 | 1,132,284 | |
Actividades de Construccion y Servicios SA (ACS) (d) | 112,095 | 3,335,352 | |
Amadeus IT Holding SA Class A | 253,876 | 4,836,455 | |
Banco Bilbao Vizcaya Argentaria SA | 3,867,624 | 34,621,855 | |
Banco de Sabadell SA (d) | 1,090,129 | 3,529,016 | |
Banco Popular Espanol SA (d) | 840,855 | 3,451,296 | |
Banco Santander SA (Spain) | 6,984,813 | 57,813,609 | |
Bankia SA (d) | 698,556 | 2,825,351 | |
Bankinter SA (d) | 172,053 | 1,063,530 | |
Cintra Concesiones de Infrastructuras de Transporte SA | 331,714 | 4,198,139 | |
Criteria CaixaCorp SA | 577,854 | 2,725,922 | |
Distribuidora Internacional de Alimentacion SA (a) | 495,484 | 2,422,507 | |
EDP Renovaveis SA (a) | 164,836 | 858,615 | |
Enagas SA | 138,798 | 2,846,639 | |
Fomento Construcciones y Contratas SA (FOCSA) (d) | 43,595 | 1,104,629 | |
Gas Natural SDG SA | 278,508 | 4,712,060 | |
Grifols SA (a)(d) | 113,065 | 2,349,753 | |
Grupo Acciona SA | 20,633 | 1,623,124 | |
Common Stocks - continued | |||
Shares | Value | ||
Spain - continued | |||
Iberdrola SA | 3,115,087 | $ 18,433,940 | |
Inditex SA | 174,589 | 16,120,637 | |
Indra Sistemas (d) | 87,446 | 1,111,834 | |
International Consolidated Airlines Group SA CDI (a) | 781,207 | 2,040,586 | |
MAPFRE SA (Reg.) | 647,428 | 2,226,122 | |
Red Electrica Corporacion SA | 88,836 | 4,484,772 | |
Repsol YPF SA | 648,692 | 16,912,149 | |
Telefonica SA | 3,316,711 | 56,443,072 | |
Zardoya Otis SA | 118,140 | 1,592,747 | |
TOTAL SPAIN | 260,110,678 | ||
Sweden - 3.1% | |||
Alfa Laval AB | 271,007 | 5,565,902 | |
ASSA ABLOY AB (B Shares) | 250,701 | 7,615,312 | |
Atlas Copco AB: | |||
(A Shares) | 539,550 | 14,073,693 | |
(B Shares) | 313,958 | 7,278,343 | |
Boliden AB | 233,547 | 4,090,659 | |
Electrolux AB (B Shares) | 222,944 | 4,895,499 | |
Getinge AB (B Shares) | 162,614 | 4,647,132 | |
H&M Hennes & Mauritz AB (B Shares) | 821,192 | 29,511,558 | |
Hexagon AB (B Shares) | 205,827 | 4,137,039 | |
Holmen AB (B Shares) | 42,486 | 1,234,056 | |
Husqvarna AB (B Shares) | 388,141 | 2,335,750 | |
Industrivarden AB Series C | 92,632 | 1,396,399 | |
Investment AB Kinnevik | 168,184 | 3,832,848 | |
Investor AB (B Shares) | 369,877 | 8,233,712 | |
Lundin Petroleum AB (a) | 183,500 | 4,281,727 | |
Modern Times Group MTG AB (B Shares) | 39,453 | 1,929,408 | |
Nordea Bank AB | 2,135,498 | 20,589,957 | |
Ratos AB (B Shares) | 158,838 | 2,057,173 | |
Sandvik AB | 817,775 | 12,494,549 | |
Scania AB (B Shares) | 255,963 | 5,129,279 | |
Securitas AB (B Shares) | 258,383 | 2,483,457 | |
Skandinaviska Enskilda Banken AB (A Shares) | 1,136,870 | 8,506,273 | |
Skanska AB (B Shares) | 329,711 | 6,014,178 | |
SKF AB (B Shares) | 314,243 | 7,945,059 | |
SSAB Svenskt Stal AB (A Shares) (d) | 135,516 | 1,420,276 | |
Svenska Cellulosa AB (SCA) (B Shares) | 467,856 | 8,357,286 | |
Svenska Handelsbanken AB (A Shares) | 395,774 | 13,290,059 | |
Swedbank AB (A Shares) | 658,052 | 11,257,507 | |
Swedish Match Co. AB | 169,807 | 6,484,797 | |
Tele2 AB (B Shares) | 258,470 | 5,261,545 | |
Telefonaktiebolaget LM Ericsson (B Shares) | 2,431,137 | 24,354,670 | |
TeliaSonera AB | 1,820,331 | 13,281,686 | |
Volvo AB (B Shares) | 1,176,739 | 17,169,910 | |
TOTAL SWEDEN | 271,156,698 | ||
Switzerland - 8.1% | |||
ABB Ltd. (Reg.) | 1,782,115 | 36,475,268 | |
| |||
Shares | Value | ||
Actelion Ltd. | 93,651 | $ 3,530,543 | |
Adecco SA (Reg.) | 109,330 | 5,478,583 | |
Aryzta AG | 75,307 | 3,737,052 | |
Baloise Holdings AG | 42,547 | 3,348,084 | |
Barry Callebaut AG | 1,450 | 1,419,872 | |
Compagnie Financiere Richemont SA Series A | 430,811 | 26,449,548 | |
Credit Suisse Group | 932,374 | 25,021,328 | |
GAM Holding Ltd. | 169,667 | 2,240,850 | |
Geberit AG (Reg.) | 33,390 | 7,166,598 | |
Givaudan SA | 7,026 | 6,635,408 | |
Holcim Ltd. (Reg.) | 201,801 | 13,158,995 | |
Julius Baer Group Ltd. | 172,991 | 6,777,775 | |
Kuehne & Nagel International AG | 47,305 | 6,226,819 | |
Lindt & Spruengli AG | 95 | 3,455,405 | |
Lindt & Spruengli AG (participation certificate) | 786 | 2,410,643 | |
Lonza Group AG | 42,250 | 2,195,151 | |
Nestle SA | 2,684,797 | 164,090,698 | |
Novartis AG | 1,892,178 | 103,124,070 | |
Pargesa Holding SA | 25,862 | 1,919,356 | |
Partners Group Holding AG | 11,200 | 2,085,765 | |
Roche Holding AG (participation certificate) | 569,823 | 99,190,012 | |
Schindler Holding AG: | |||
(participation certificate) | 43,314 | 5,337,656 | |
(Reg.) | 19,170 | 2,330,570 | |
SGS SA (Reg.) | 4,533 | 8,491,860 | |
Sika AG (Bearer) | 1,692 | 3,683,952 | |
Sonova Holding AG Class B | 41,021 | 4,579,046 | |
Straumann Holding AG | 6,716 | 1,064,406 | |
Sulzer AG (Reg.) | 20,843 | 2,992,380 | |
Swatch Group AG: | |||
(Bearer) | 24,722 | 11,207,962 | |
(Reg.) | 44,941 | 3,571,240 | |
Swiss Life Holding AG | 26,421 | 3,045,657 | |
Swiss Re Ltd. | 284,736 | 16,899,119 | |
Swisscom AG | 19,927 | 7,937,324 | |
Syngenta AG (Switzerland) | 77,162 | 25,184,687 | |
Transocean Ltd. (Switzerland) | 280,660 | 14,957,366 | |
UBS AG (a) | 2,943,476 | 41,217,735 | |
Zurich Financial Services AG | 119,808 | 30,163,862 | |
TOTAL SWITZERLAND | 708,802,645 | ||
United Kingdom - 21.2% | |||
3I Group PLC | 740,618 | 2,232,642 | |
Admiral Group PLC | 164,130 | 2,812,026 | |
Aggreko PLC | 219,169 | 7,715,714 | |
AMEC PLC | 269,611 | 4,743,603 | |
Anglo American PLC (United Kingdom) | 1,066,102 | 44,934,330 | |
Antofagasta PLC | 313,754 | 6,638,294 | |
ARM Holdings PLC | 1,089,167 | 9,818,018 | |
Associated British Foods PLC | 287,129 | 5,472,043 | |
AstraZeneca PLC (United Kingdom) | 1,093,364 | 48,922,382 | |
Common Stocks - continued | |||
Shares | Value | ||
United Kingdom - continued | |||
Aviva PLC | 2,363,412 | $ 13,830,317 | |
Babcock International Group PLC | 280,438 | 3,359,289 | |
BAE Systems PLC | 2,702,510 | 13,443,451 | |
Balfour Beatty PLC | 535,142 | 2,365,774 | |
Barclays PLC | 9,423,555 | 36,488,559 | |
BG Group PLC | 2,738,044 | 66,097,450 | |
BHP Billiton PLC | 1,711,603 | 55,354,419 | |
BP PLC | 15,433,943 | 120,756,710 | |
British American Tobacco PLC (United Kingdom) | 1,602,114 | 80,806,284 | |
British Land Co. PLC | 686,503 | 5,136,095 | |
British Sky Broadcasting Group PLC | 926,846 | 9,878,658 | |
BT Group PLC | 6,281,623 | 21,385,072 | |
Bunzl PLC | 266,917 | 4,084,763 | |
Burberry Group PLC | 365,904 | 8,218,971 | |
Capita Group PLC | 488,952 | 5,965,917 | |
Capital Shopping Centres Group PLC | 425,008 | 2,249,394 | |
Carnival PLC | 148,860 | 4,368,122 | |
Centrica PLC | 4,224,627 | 20,430,432 | |
Cobham PLC | 884,912 | 2,638,064 | |
Compass Group PLC | 1,516,174 | 15,195,157 | |
Diageo PLC | 2,030,296 | 48,472,850 | |
Essar Energy PLC (a) | 254,067 | 423,974 | |
Eurasian Natural Resources Corp. PLC | 198,850 | 2,215,896 | |
Fresnillo PLC | 140,712 | 4,257,525 | |
G4S PLC (United Kingdom) | 1,125,347 | 5,177,264 | |
GKN PLC | 1,213,991 | 4,225,503 | |
GlaxoSmithKline PLC | 4,109,110 | 90,796,758 | |
Hammerson PLC | 572,593 | 3,568,832 | |
HSBC Holdings PLC (United Kingdom) | 14,617,782 | 129,498,954 | |
ICAP PLC | 444,246 | 2,719,407 | |
Imperial Tobacco Group PLC | 816,687 | 32,362,715 | |
Inmarsat PLC | 348,656 | 2,660,063 | |
InterContinental Hotel Group PLC | 232,965 | 5,292,818 | |
International Power PLC | 1,252,250 | 6,890,602 | |
Intertek Group PLC | 127,533 | 4,696,660 | |
Invensys PLC | 628,501 | 2,080,624 | |
Investec PLC | 414,182 | 2,635,523 | |
ITV PLC | 2,957,511 | 4,043,783 | |
J Sainsbury PLC | 969,434 | 4,600,310 | |
Johnson Matthey PLC | 170,429 | 6,257,414 | |
Kazakhmys PLC | 179,153 | 3,160,612 | |
Kingfisher PLC | 1,920,650 | 8,683,362 | |
Land Securities Group PLC | 628,100 | 6,744,475 | |
Legal & General Group PLC | 4,706,485 | 9,044,388 | |
Lloyds Banking Group PLC (a) | 33,257,510 | 18,512,990 | |
London Stock Exchange Group PLC | 119,225 | 1,710,761 | |
Lonmin PLC | 121,156 | 2,125,867 | |
Man Group PLC | 1,564,544 | 3,257,940 | |
Marks & Spencer Group PLC | 1,279,633 | 7,389,374 | |
Meggitt PLC | 600,800 | 3,693,028 | |
National Grid PLC | 2,905,078 | 29,585,304 | |
| |||
Shares | Value | ||
Next PLC | 141,023 | $ 6,216,444 | |
Old Mutual PLC | 4,425,209 | 11,200,039 | |
Pearson PLC | 662,834 | 12,620,913 | |
Prudential PLC | 2,048,144 | 23,234,901 | |
Reckitt Benckiser Group PLC | 503,649 | 27,881,928 | |
Reed Elsevier PLC | 974,315 | 8,532,421 | |
Rexam PLC | 706,467 | 4,665,092 | |
Rio Tinto PLC | 1,129,448 | 64,068,870 | |
Rolls-Royce Group PLC | 1,508,127 | 19,528,906 | |
Royal & Sun Alliance Insurance Group PLC | 2,785,980 | 4,844,107 | |
Royal Bank of Scotland Group PLC (a) | 14,315,249 | 6,356,992 | |
Royal Dutch Shell PLC: | |||
Class A (Netherlands) | 54,048 | 1,972,621 | |
Class A (United Kingdom) | 2,909,964 | 105,876,727 | |
Class B | 2,171,810 | 80,497,545 | |
SABMiller PLC | 772,802 | 31,318,288 | |
Sage Group PLC | 1,068,451 | 5,279,243 | |
Schroders PLC | 90,581 | 2,227,728 | |
Scottish & Southern Energy PLC | 760,073 | 15,597,701 | |
Segro PLC | 581,913 | 2,175,412 | |
Serco Group PLC | 383,152 | 3,382,826 | |
Severn Trent PLC | 193,432 | 4,846,458 | |
Smith & Nephew PLC | 721,053 | 7,080,164 | |
Smiths Group PLC | 311,943 | 5,399,080 | |
Standard Chartered PLC (United Kingdom) | 1,938,682 | 49,884,595 | |
Standard Life PLC | 1,861,931 | 6,886,557 | |
Tate & Lyle PLC | 355,571 | 3,945,355 | |
Tesco PLC | 6,467,380 | 32,521,342 | |
The Weir Group PLC | 169,523 | 5,679,402 | |
TUI Travel PLC | 417,156 | 1,313,951 | |
Tullow Oil PLC | 727,600 | 17,072,625 | |
Unilever PLC | 1,043,106 | 33,719,530 | |
United Utilities Group PLC | 560,070 | 5,448,216 | |
Vedanta Resources PLC | 98,910 | 2,265,783 | |
Vodafone Group PLC | 41,056,862 | 110,597,008 | |
Whitbread PLC | 139,577 | 3,768,003 | |
WM Morrison Supermarkets PLC | 1,793,168 | 8,272,458 | |
Xstrata PLC | 1,671,644 | 31,911,015 | |
TOTAL UNITED KINGDOM | 1,850,217,772 | ||
United States of America - 0.1% | |||
Synthes, Inc. | 54,883 | 9,498,981 | |
TOTAL COMMON STOCKS (Cost $9,211,297,963) |
| ||
Nonconvertible Preferred Stocks - 0.8% | |||
|
|
|
|
France - 0.2% | |||
Air Liquide SA (a) | 140,354 | 18,236,120 | |
Nonconvertible Preferred Stocks - continued | |||
Shares | Value | ||
Germany - 0.5% | |||
Bayerische Motoren Werke AG (BMW) (non-vtg.) | 42,156 | $ 2,499,692 | |
Henkel AG & Co. KGaA | 144,810 | 9,423,941 | |
Porsche Automobil Holding SE (Germany) | 124,413 | 8,099,032 | |
ProSiebenSat.1 Media AG | 64,324 | 1,671,431 | |
RWE AG (non-vtg.) (d) | 33,986 | 1,428,463 | |
Volkswagen AG | 115,669 | 21,627,127 | |
TOTAL GERMANY | 44,749,686 | ||
Italy - 0.1% | |||
Telecom Italia SpA (Risparmio Shares) | 4,892,596 | 4,607,285 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $53,337,942) |
|
Government Obligations - 0.2% | ||||
| Principal |
| ||
United States of America - 0.2% | ||||
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.09% 3/1/12 to 7/19/12 (e) | $ 18,000,000 |
|
Money Market Funds - 3.2% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 182,929,374 | 182,929,374 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 98,227,619 | 98,227,619 | |
TOTAL MONEY MARKET FUNDS (Cost $281,156,993) |
| ||
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $9,563,790,865) | 8,841,741,643 | ||
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (122,141,676) | ||
NET ASSETS - 100% | $ 8,719,599,967 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
91 CAC 40 Index Contracts (France) | March 2012 | $ 4,183,654 | $ 59,898 | ||
45 CME Nikkei 225 Index Contracts (Japan) | March 2012 | 2,699,889 | 10,413 | ||
17 DAX 100 Index Contracts (Germany) | March 2012 | 3,880,915 | 268,492 | ||
1,228 Euro Stoxx 50 Index Contracts | March 2012 | 41,062,134 | 1,015,731 | ||
518 FTSE 100 Index Contracts (United Kingdom) | March 2012 | 48,230,734 | 1,105,918 | ||
13 FTSE MIB Index Contracts (Italy) | March 2012 | 1,416,575 | 57,379 | ||
35 Hang Seng 100 Index Contracts (Hong Kong) | March 2012 | 4,884,865 | 61,896 | ||
10 IBEX 35 Index Contracts (Spain) | March 2012 | 1,125,642 | (34,718) | ||
75 MSCI Index Contracts (Singapore) | March 2012 | 4,170,231 | 38,996 | ||
30 NYSE E-mini MSCI EAFE Index Contracts | March 2012 | 2,341,050 | (3,328) | ||
392 OMX Stockholm 30 Index Contracts (Sweden) | March 2012 | 6,537,233 | 117,632 | ||
150 SFE SPI 200 Index Contracts (Australia) | March 2012 | 17,242,584 | 146,986 | ||
388 TOPIX Index Contracts (Japan) | March 2012 | 39,780,800 | 3,576,808 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 177,556,306 | $ 6,422,103 |
|
The face value of futures purchased as a percentage of net assets is 2% |
Forward Foreign Currency Contracts | |||||
Settlement | Value | Unrealized | |||
Contracts to Buy | |||||
16,300,000 AUD | March 2012 | $ 17,445,848 | $ 423,830 | ||
39,500,000 EUR | March 2012 | 52,625,006 | (321,605) | ||
30,800,000 GBP | March 2012 | 48,991,089 | 541,913 | ||
3,460,000,000 JPY | March 2012 | 42,563,882 | (2,219,991) | ||
44,200,000 SEK | March 2012 | 6,675,365 | 122,434 | ||
| $ 168,301,190 | $ (1,453,419) |
(Payable Amount $169,754,609) |
The value of contracts to buy as a percentage of net assets is 2% |
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 $15,996,840. |
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 | $ 201,482 |
Fidelity Securities Lending Cash Central Fund | 2,325,423 |
Total | $ 2,526,905 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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: | ||||
United Kingdom | $ 1,850,217,772 | $ 690,302,944 | $ 1,159,914,828 | $ - |
Japan | 1,823,563,291 | 1,407,550,185 | 416,013,106 | - |
France | 751,911,994 | 551,693,459 | 200,218,535 | - |
Australia | 732,115,851 | 726,740,241 | 5,375,610 | - |
Germany | 719,249,519 | 555,151,559 | 164,097,960 | - |
Switzerland | 708,802,645 | 477,779,557 | 231,023,088 | - |
Sweden | 271,156,698 | 246,802,028 | 24,354,670 | - |
Spain | 260,110,678 | 111,232,142 | 148,878,536 | - |
Netherlands | 225,763,298 | 109,423,811 | 116,339,487 | - |
Ireland | 26,479,827 | 7,726,857 | 18,752,966 | 4 |
Austria | 22,179,391 | 22,179,387 | - | 4 |
Malta | 77 | - | - | 77 |
Other | 1,151,036,769 | 871,885,202 | 279,151,567 | - |
Government Obligations | 17,996,840 | - | 17,996,840 | - |
Money Market Funds | 281,156,993 | 281,156,993 | - | - |
Total Investments in Securities: | $ 8,841,741,643 | $ 6,059,624,365 | $ 2,782,117,193 | $ 85 |
Derivative Instruments: | ||||
Assets | ||||
Forward Foreign Currency Contracts | $ 1,088,177 | $ - | $ 1,088,177 | $ - |
Futures Contracts | 6,460,149 | 6,460,149 | - | - |
Total Assets | $ 7,548,326 | $ 6,460,149 | $ 1,088,177 | $ - |
Valuation Inputs at Reporting Date: | ||||
Description | Total | Level 1 | Level 2 | Level 3 |
Derivative Instruments: | ||||
Liabilities | ||||
Forward Foreign Currency Contracts | $ (2,541,596) | $ - | $ (2,541,596) | $ - |
Futures Contracts | (38,046) | (38,046) | - | - |
Total Liabilities | $ (2,579,642) | $ (38,046) | $ (2,541,596) | $ - |
Total Derivative Instruments: | $ 4,968,684 | $ 6,422,103 | $ (1,453,419) | $ - |
During the period, transfers from Level 1 to Level 2 were $303,000,786 and transfers from Level 2 to Level 1 were $2,007,476,084. |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 101 |
Total Realized Gain (Loss) | - |
Total Unrealized Gain (Loss) | (16) |
Cost of Purchases | - |
Proceeds of Sales | - |
Amortization/Accretion | - |
Transfers in to Level 3 | - |
Transfers out of Level 3 | - |
Ending Balance | $ 85 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ (3) |
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 29, 2012. 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) | $ 6,460,149 | $ (38,046) |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | 1,088,177 | (2,541,596) |
Total Value of Derivatives | $ 7,548,326 | $ (2,579,642) |
(a) Value is disclosed net on the Statement of Assets and Liabilities as Unrealized depreciation on foreign currency contracts. |
(b) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan International Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $92,600,800) - See accompanying schedule: Unaffiliated issuers (cost $9,282,633,872) | $ 8,560,584,650 |
|
Fidelity Central Funds (cost $281,156,993) | 281,156,993 |
|
Total Investments (cost $9,563,790,865) |
| $ 8,841,741,643 |
Cash |
| 1 |
Foreign currency held at value (cost $6,578,643) | 6,614,408 | |
Receivable for investments sold | 1,216,341 | |
Receivable for closed foreign currency contracts | 1,232,667 | |
Receivable for fund shares sold | 20,048,706 | |
Dividends receivable | 32,170,172 | |
Distributions receivable from Fidelity Central Funds | 133,392 | |
Receivable from investment adviser for expense reductions | 173,341 | |
Other receivables | 1,205 | |
Total assets | 8,903,331,876 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 48,997,101 | |
Unrealized depreciation on foreign currency contracts | 1,453,419 | |
Payable for fund shares redeemed | 32,578,375 | |
Accrued management fee | 429,359 | |
Payable for daily variation margin on futures contracts | 1,286,325 | |
Other affiliated payables | 759,711 | |
Collateral on securities loaned, at value | 98,227,619 | |
Total liabilities | 183,731,909 | |
|
|
|
Net Assets | $ 8,719,599,967 | |
Net Assets consist of: |
| |
Paid in capital | $ 9,979,257,298 | |
Undistributed net investment income | 1,453,417 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (543,902,718) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | (717,208,030) | |
Net Assets | $ 8,719,599,967 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
Investor Class: | $ 33.06 | |
|
|
|
Fidelity Advantage Class: | $ 33.07 | |
|
|
|
Institutional Class: | $ 33.07 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 33.07 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 337,501,551 |
Interest |
| 28,717 |
Income from Fidelity Central Funds (including $2,325,423 from security lending) |
| 2,526,905 |
Income before foreign taxes withheld |
| 340,057,173 |
Less foreign taxes withheld |
| (24,728,802) |
Total income |
| 315,328,371 |
|
|
|
Expenses | ||
Management fee | $ 10,464,002 | |
Transfer agent fees | 5,823,919 | |
Independent trustees' compensation | 51,909 | |
Miscellaneous | 26,667 | |
Total expenses before reductions | 16,366,497 | |
Expense reductions | (8,094,991) | 8,271,506 |
Net investment income (loss) | 307,056,865 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 20,154,672 | |
Redemption in-kind with affiliated entities | 105,326,578 | |
Foreign currency transactions | 9,153,957 | |
Futures contracts | (17,685,134) | |
Total net realized gain (loss) |
| 116,950,073 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (1,197,524,991) | |
Assets and liabilities in foreign currencies | (9,841,497) | |
Futures contracts | (1,385,997) | |
Total change in net unrealized appreciation (depreciation) |
| (1,208,752,485) |
Net gain (loss) | (1,091,802,412) | |
Net increase (decrease) in net assets resulting from operations | $ (784,745,547) |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 307,056,865 | $ 242,540,306 |
Net realized gain (loss) | 116,950,073 | (69,459,920) |
Change in net unrealized appreciation (depreciation) | (1,208,752,485) | 1,498,330,917 |
Net increase (decrease) in net assets resulting from operations | (784,745,547) | 1,671,411,303 |
Distributions to shareholders from net investment income | (282,810,129) | (211,805,947) |
Distributions to shareholders from net realized gain | (5,246,083) | (7,823,964) |
Total distributions | (288,056,212) | (219,629,911) |
Share transactions - net increase (decrease) | (204,144,449) | 876,645,901 |
Redemption fees | 929,822 | 663,525 |
Total increase (decrease) in net assets | (1,276,016,386) | 2,329,090,818 |
|
|
|
Net Assets | ||
Beginning of period | 9,995,616,353 | 7,666,525,535 |
End of period (including undistributed net investment income of $1,453,417 and undistributed net investment income of $19,160,149, respectively) | $ 8,719,599,967 | $ 9,995,616,353 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.19 | .94 | .82 | 1.30 | 1.39 |
Net realized and unrealized gain (loss) | (4.28) | 5.45 | 10.93 | (22.75) | (1.35) |
Total from investment operations | (3.09) | 6.39 | 11.75 | (21.45) | .04 |
Distributions from net investment income | (1.12) | (.81) | (.74) | (.94) | (1.19) |
Distributions from net realized gain | (.02) | (.03) | (.12) | - | (.36) |
Total distributions | (1.14) | (.84) | (.86) | (.94) | (1.55) |
Redemption fees added to paid in capital B | - G | - G | - G | .01 | .01 |
Net asset value, end of period | $ 33.06 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Total Return A | (7.92)% | 20.34% | 56.36% | (50.03)% | (.15)% |
Ratios to Average Net Assets C, E |
|
|
|
|
|
Expenses before reductions | .20% | .20% | .20% | .20% | .20% |
Expenses net of fee waivers, if any | .11% | .10% | .10% | .10% | .10% |
Expenses net of all reductions | .11% | .10% | .10% | .10% | .10% |
Net investment income (loss) | 3.54% | 2.84% | 2.72% | 3.75% | 2.95% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,424,239 | $ 6,932,647 | $ 5,488,131 | $ 2,697,776 | $ 4,515,417 |
Portfolio turnover rate D | 9% | 1% | 2% | 4% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 | $ 44.73 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | 1.20 | .96 | .83 | 1.31 | 1.41 |
Net realized and unrealized gain (loss) | (4.28) | 5.44 | 10.93 | (22.75) | (1.36) |
Total from investment operations | (3.08) | 6.40 | 11.76 | (21.44) | .05 |
Distributions from net investment income | (1.12) | (.82) | (.75) | (.95) | (1.20) |
Distributions from net realized gain | (.02) | (.03) | (.12) | - | (.36) |
Total distributions | (1.14) | (.85) | (.87) | (.95) | (1.56) |
Redemption fees added to paid in capital B | - G | - G | - G | .01 | .01 |
Net asset value, end of period | $ 33.07 | $ 37.29 | $ 31.74 | $ 20.85 | $ 43.23 |
Total Return A | (7.87)% | 20.38% | 56.40% | (50.02)% | (.12)% |
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) | 3.57% | 2.87% | 2.75% | 3.78% | 2.97% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,476,600 | $ 3,062,970 | $ 2,178,395 | $ 1,155,867 | $ 1,979,431 |
Portfolio turnover rate D | 9% | 1% | 2% | 4% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Period ended February 29, | 2012 H |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 31.29 |
Income from Investment Operations |
|
Net investment income (loss) D | .32 |
Net realized and unrealized gain (loss) | 2.48 G |
Total from investment operations | 2.80 |
Distributions from net investment income | (1.02) |
Redemption fees added to paid in capital D, J | - |
Net asset value, end of period | $ 33.07 |
Total Return B, C | 9.44% |
Ratios to Average Net Assets E, I |
|
Expenses before reductions | .10% A |
Expenses net of fee waivers, if any | .07% A |
Expenses net of all reductions | .07% A |
Net investment income (loss) | 2.19% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 860,659 |
Portfolio turnover rate F | 9% K |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J Amount represents less than $.01 per share.
K Amount not annualized.
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 H |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 31.29 |
Income from Investment Operations |
|
Net investment income (loss) D | .32 |
Net realized and unrealized gain (loss) | 2.48 G |
Total from investment operations | 2.80 |
Distributions from net investment income | (1.02) |
Redemption fees added to paid in capital D, J | - |
Net asset value, end of period | $ 33.07 |
Total Return B, C | 9.45% |
Ratios to Average Net Assets E, I |
|
Expenses before reductions | .08% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 2.17% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 958,101 |
Portfolio turnover rate F | 9% K |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G The amount shown for a share outstanding does not correspond with the aggregate net gain (loss) on investments for the period due to the timing of sales and repurchases of shares in relation to fluctuating market values of the investments of the Fund.
H For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
J Amount represents less than $.01 per share.
K Amount not annualized.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 29, 2012
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. In May 2011, the Board of Trustees of the Funds approved the creation of additional classes of shares. Spartan Extended Market Index Fund commenced sale of Fidelity Advantage Institutional Class shares on September 8, 2011. Spartan International Index Fund commenced sale of Institutional Class and Fidelity Advantage Institutional Class shares on September 8, 2011. Spartan Extended Market Index Fund offers Investor Class, Fidelity Advantage Class and Fidelity Advantage Institutional Class shares. Spartan International Index Fund offers Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class shares. Each class has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Each Fund offers conversion privileges between share classes within each Fund to eligible shareholders. Investment income, realized and unrealized capital gains and losses, the common expenses of each Fund, and certain fund-level expense reductions, if any, are allocated on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of each Fund. Each class differs with respect to transfer agent fees incurred and certain class-level expense reductions.
2. Investments in Fidelity Central Funds.
The Funds invest in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Funds' Schedules of Investments list each of the Fidelity Central Funds held as of period end, if any, as an investment of each Fund, but do not include the underlying holdings of each Fidelity Central Fund. As an Investing Fund, each Fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.
The Money Market Central Funds seek preservation of capital and current income and are managed by Fidelity Investments Money Management, Inc. (FIMM), an affiliate of FMR.
A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission (the SEC) 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 29, 2012, 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
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Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
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.
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. 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.
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.
New Accounting Pronouncements. In May 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-04, Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The update is effective during interim and annual periods beginning after December 15, 2011 and will result in additional disclosure for transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy.
In December 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The update creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Foreign Currency. The 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.
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3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 29, 2012, each Fund did not have any unrecognized tax benefits in the financial statements; nor is each Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
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, redemptions in-kind, partnerships, capital loss carryforwards, and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows for each Fund:
| Tax cost | Gross unrealized | Gross unrealized | Net unrealized |
Spartan Extended Market Index | $ 7,121,832,218 | $ 1,751,238,775 | $ (866,952,490) | $ 884,286,285 |
Spartan International Index | 9,603,987,308 | 1,284,336,000 | (2,046,581,665) | (762,245,665) |
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 | $ 10,311,507 | $ 63,619,263 | $ - | $ 890,867,176 |
Spartan International Index | - | - | (440,578,408) | (759,125,412) |
Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Funds are permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
| ||
|
2017 |
2018 |
2019 | Total with expiration |
|
|
|
|
|
Spartan International Index | $ (119,933,607) | $ (148,608,684) | $ (49,793,394) | $ (318,335,685) |
No expiration |
|
|
|
|
|
Short-term |
Long-term | Total no expiration | Total capital loss |
|
|
|
|
|
Spartan International Index | $ (16,915,714) | $ (105,327,009) | $ (122,242,723) | $ (440,578,408) |
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Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
The tax character of distributions paid was as follows:
February 29, 2012 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
|
|
|
|
Spartan Extended Market Index | $ 83,031,372 | $ 114,363,034 | $ 197,394,406 |
Spartan International Index | 288,056,212 | - | 288,056,212 |
February 28, 2011 |
|
|
|
| Ordinary Income | Long-term Capital | Total |
Spartan Extended Market Index | $ 87,345,465 | $ 24,478,627 | $ 111,824,092 |
Spartan International Index | 219,629,911 | - | 219,629,911 |
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, to gain exposure to certain types of assets and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the 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 close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Funds. Counterparty credit risk related to exchange-traded futures contracts is 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.
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 |
Spartan Extended Market Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ (7,401,865) | $ 1,985,687 |
Totals (a)(b)(c) | $ (7,401,865) | $ 1,985,687 |
Spartan International Index |
|
|
Equity Risk |
|
|
Futures Contracts | $ (17,685,134) | $ (1,385,997) |
Foreign Exchange Risk |
|
|
Forward Foreign Currency Contracts | 9,153,957 | (8,831,697) |
Totals (a)(b)(c) | $ (8,531,177) | $ (10,217,694) |
(a) A summary of the value of derivatives by risk exposure as of period end 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.
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4. Derivative Instruments - continued
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). This receivable and/or payable is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. 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 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.
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. 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 as part of net realized gain (loss) on foreign currency transactions and change in unrealized gain (loss) on assets and liabilities in foreign currencies, respectively.
The U.S. dollar value of any open forward currency contracts at period end 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.
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 | 1,217,727,026 | 663,406,663 |
Spartan International Index | 785,983,071 | 916,539,830 |
Spartan International Index Fund delivered securities through unaffiliated in-kind redemptions totaled $488,239,685. Realized gain of $172,438,715 on securities delivered through unaffiliated 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 Funds with investment management related services for which the Funds pay a monthly management fee. During the period the Board of Trustees approved an amendment to the management contract, effective September 1, 2011, to reduce the management fee from an annual rate of .07% and .17% for Spartan Extended Market Index and Spartan International Index funds, respectively, to .06% of each Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
| Investor Class | Fidelity | Institutional Class | Fidelity Advantage |
Spartan Extended Market Index | .10% | .07% | n/a | .07% |
Spartan International Index | .20% | .17% | .095% | .075% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
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Notes to Financial Statements - continued
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Funds. FIIOC receives transfer agent fees at annual rates based on average net assets noted in the table below. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, each class pays all or a portion of the transfer agent fees at an annual rate based on average net assets as noted in the following table:
Spartan Extended Market Index | Received by | Paid by |
Investor Class | .075% | .04% |
Fidelity Advantage Class | .045% | .01% |
Fidelity Advantage Institutional Class | .015% | .01% |
|
|
|
Spartan International Index |
|
|
Investor Class | .21% | .14% |
Fidelity Advantage Class | .11% | .11% |
Institutional Class | .035% | .035% |
Fidelity Advantage Institutional Class | .015% | .015% |
Prior to September 1, 2011, for Spartan Extended Market Index and Spartan International Index, FIIOC received transfer agent fees at an annual rate of .06% and .03% of average net assets for Investor and Fidelity Advantage Class, respectively. Under the expense contract, Investor Class paid transfer agent fees at an annual rate of .03% of average net assets, 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 |
Spartan Extended Market Index |
|
|
Investor Class | $ 1,443,137 | .03 |
Fidelity Advantage Class | 94,413 | .01 |
Fidelity Advantage Institutional Class | 5 | .01 |
| $ 1,537,555 |
|
Spartan International Index |
|
|
Investor Class | $ 4,320,015 | .08 |
Fidelity Advantage Class | 1,416,743 | .05 |
Institutional Class | 58,652 | .04 |
Fidelity Advantage Institutional Class | 28,509 | .02 |
| $ 5,823,919 |
|
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 | Weighted Average | Interest |
Spartan Extended Market Index | Borrower | $ 7,551,000 | .34% | $ 432 |
Redemptions In-Kind. During the period, 5,558,877 shares of Spartan International Index Fund held by affiliated entities were redeemed for cash and securities with a value of $206,623,465. The net realized gain (loss) of $105,326,578 on securities delivered through affiliated in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as Note 11: Shares Transactions. The Fund recognized no gain or loss for federal income tax purposes.
7. Committed Line of Credit.
Certain Funds participate with other funds managed by FMR or an affiliate in a $4.0 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
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7. Committed Line of Credit - continued
commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are as follows:
Spartan Extended Market Index | $ 17,049 |
Spartan International Index | 26,667 |
During the period, there were no borrowings on this line of credit.
8. Security Lending.
Certain Funds lend portfolio securities through a lending agent from time to time in order to earn additional income. 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 any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented on each applicable Fund's Statement of Operations as a component of income from Fidelity Central Funds.
9. Expense Reductions.
FMR contractually agreed to reimburse certain classes to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2013. Prior to February 1, 2012, FMR voluntarily agreed to reimburse Spartan International Index to the extent annual operating expenses exceeded .10% and .07 % of average net assets for Investor Class and Fidelity Advantage Class, respectively. Some expenses, for example interest expense, including commitment fees, are excluded from these reimbursements. Total reimbursements are included in the following table:
| Expense | Reimbursement | Effective Date |
Spartan Extended Market Index |
|
|
|
Fidelity Advantage Institutional Class | .06% | $ 6 | September 8, 2011 |
Spartan International Index |
|
|
|
Investor Class | .10%* | 5,314,164 | - |
Fidelity Advantage Class | .12% | 2,695,683 | February 1, 2012 |
Institutional Class | .07% | 49,196 | September 8, 2011 |
Fidelity Advantage Institutional Class | .06% | 35,820 | September 8, 2011 |
* Effective February 1, 2012, the expense limitation was discontinued.
In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of uninvested cash balances were used to reduce each applicable Fund's expenses as noted in the table below.
| Management fee |
|
|
Spartan Extended Market Index | $ 591 |
Spartan International Index | 128 |
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Notes to Financial Statements - continued
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
Spartan Extended Market Index |
|
|
From net investment income |
|
|
Investor Class | $ 44,200,763 | $ 35,864,371 |
Fidelity Advantage Class | 25,213,023 | 12,335,221 |
Fidelity Advantage Institutional Class | 1,161 | - |
Total | $ 69,414,947 | $ 48,199,592 |
From net realized gain |
|
|
Investor Class | $ 88,449,322 | $ 47,790,092 |
Fidelity Advantage Class | 39,529,035 | 15,834,408 |
Fidelity Advantage Institutional Class | 1,102 | - |
Total | $ 127,979,459 | $ 63,624,500 |
Spartan International Index |
|
|
From net investment income |
|
|
Investor Class | $ 148,424,687 | $ 150,910,702 |
Fidelity Advantage Class | 91,917,749 | 60,895,245 |
Institutional Class | 20,201,408 | - |
Fidelity Advantage Institutional Class | 22,266,285 | - |
Total | $ 282,810,129 | $ 211,805,947 |
From net realized gain |
|
|
Investor Class | $ 3,579,535 | $ 5,595,578 |
Fidelity Advantage Class | 1,666,548 | 2,228,386 |
Total | $ 5,246,083 | $ 7,823,964 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Spartan Extended Market Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 40,837,111 | 45,435,216 | $ 1,555,171,539 | $ 1,606,154,711 |
Reinvestment of distributions | 3,525,601 | 2,250,162 | 129,930,899 | 82,020,497 |
Shares redeemed | (88,688,944) | (24,273,441) | (3,356,270,130) | (840,796,410) |
Net increase (decrease) | (44,326,232) | 23,411,937 | $ (1,671,167,692) | $ 847,378,798 |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 68,841,430 | 14,000,658 | $ 2,626,867,824 | $ 500,866,077 |
Reinvestment of distributions | 1,645,712 | 688,240 | 59,386,217 | 25,096,206 |
Shares redeemed | (9,691,823) | (5,862,959) | (362,785,045) | (197,954,495) |
Net increase (decrease) | 60,795,319 | 8,825,939 | $ 2,323,468,996 | $ 328,007,788 |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 2,884 | - | $ 100,000 | $ - |
Reinvestment of distributions | 66 | - | 2,263 | - |
Shares redeemed | - | - | - | - |
Net increase (decrease) | 2,950 | - | $ 102,263 | $ - |
Spartan International Index |
|
|
|
|
Investor Class |
|
|
|
|
Shares sold | 51,659,320 | 59,966,903 | $ 1,725,521,597 | $ 1,980,806,749 |
Reinvestment of distributions | 4,931,710 | 4,401,698 | 146,703,273 | 152,236,260 |
Shares redeemed | (138,930,396) B | (51,367,429) | (4,508,596,328) B | (1,729,973,271) |
Net increase (decrease) | (82,339,366) | 13,001,172 | $ (2,636,371,458) | $ 403,069,738 |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 50,383,664 | 25,911,385 | $ 1,659,791,665 | $ 881,763,381 |
Reinvestment of distributions | 2,688,031 | 1,516,656 | 79,393,189 | 52,438,159 |
Shares redeemed | (30,064,805) | (13,921,933) | (976,577,403) | (460,625,377) |
Net increase (decrease) | 23,006,890 | 13,506,108 | $ 762,607,451 | $ 473,576,163 |
Institutional Class |
|
|
|
|
Shares sold | 26,471,830 | - | $ 810,287,820 | $ - |
Reinvestment of distributions | 700,632 | - | 20,199,209 | - |
Shares redeemed | (1,147,214) | - | (35,649,587) | - |
Net increase (decrease) | 26,025,248 | - | $ 794,837,442 | $ - |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 29,053,528 | - | $ 879,203,212 | $ - |
Reinvestment of distributions | 772,330 | - | 22,266,285 | - |
Shares redeemed | (853,278) | - | (26,687,381) | - |
Net increase (decrease) | 28,972,580 | - | $ 874,782,116 | $ - |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions (see Note 6: Redemptions In-Kind).
12. Other.
The Funds' organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Funds. In the normal course of business, the Funds may also enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Funds. The risk of material loss from such claims is considered remote.
Annual Report
Report of Independent Registered Public Accounting Firm
To the Trustees of Fidelity Concord Street Trust and the Shareholders of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund, Spartan Extended Market Index Fund and Spartan International Index Fund (funds of Fidelity Concord Street Trust) at February 29, 2012, 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 29, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 30, 2012
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 226 funds advised by FMR or an affiliate. Mr. Curvey oversees 430 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. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the funds' Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the funds' Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Funds' Trustees."
Annual Report
The funds' Statement of Additional Information (SAIs) 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 (76) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Acting Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (55) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for each fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (63) | |
| 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 (58) | |
| 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), and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (68) | |
| 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 (67) | |
| 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). |
Robert W. Selander (61) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (67) | |
| 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 (72) | |
| 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 (62) | |
| 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 (61) | |
| 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 (81) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC, and also serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as a Trustee and Chairman of the Board of certain Fidelity Trusts, Chairman and a Director of FMR, Chairman and a Director of FMR Co., Inc., and President of FMR LLC (2006-2007). |
Peter S. Lynch (68) | |
| 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 (42) | |
| 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 (46) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as President of Fidelity Research & Analysis Company (2010-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investment 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 (47) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (44) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (43) | |
| 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 (57) | |
| 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 (53) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (43) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Senior Vice President of the Fidelity Asset Management Division (2009-present) and is an employee of Fidelity Investments. |
Joseph F. Zambello (54) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (44) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephanie J. Dorsey (42) | |
| 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 (53) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (53) | |
| 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 (43) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
The Board of Trustees of each fund voted to pay to shareholders of record at the opening of business on record date, the following distributions per share derived from capital gains realized from sales of portfolio securities and dividends derived from net investment income:
| Pay Date | Record Date | Dividends | Capital Gains |
Spartan Total Market Index Fund |
|
|
|
|
Institutional Class | 04/16/12 | 04/13/12 | $0.12335 | $0.000 |
Fidelity Advantage Institutional Class | 04/16/12 | 04/13/12 | $0.12653 | $0.000 |
Spartan Extended Market Index Fund |
|
|
|
|
Fidelity Advantage Institutional Class | 04/16/12 | 04/13/12 | $0.07044 | $0.382 |
Spartan International Index Fund |
|
|
|
|
Institutional Class | 04/16/12 | 04/13/12 | $0.00000 | $0.000 |
Fidelity Advantage Institutional Class | 04/16/12 | 04/13/12 | $0.00000 | $0.000 |
The funds hereby designate as capital gain dividend the amounts noted below for the taxable year ended February 29, 2012, or, if subsequently determined to be different, the net capital gain of such year.
Spartan Extended Market Index Fund | $125,144,109 |
A percentage of the dividends distributed during the fiscal year for the following funds qualify for the dividends-received deduction for corporate shareholders:
| December 2011 |
Spartan Total Market Index Fund |
|
Institutional Class | 98% |
Fidelity Advantage Institutional Class | 98% |
Spartan Extended Market Index Fund |
|
Fidelity Advantage Institutional Class | 60% |
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.
| December 2011 |
Spartan Total Market Index Fund |
|
Institutional Class | 100% |
Fidelity Advantage Institutional Class | 100% |
Spartan Extended Market Index Fund |
|
Fidelity Advantage Institutional Class | 69% |
Spartan International Index Fund |
|
Institutional Class | 98% |
Fidelity Advantage Institutional Class | 98% |
The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:
| Pay Date | Income | Taxes |
Spartan International Index Fund |
|
|
|
Institutional Class | 12/19/11 | $0.567 | $0.0824 |
Fidelity Advantage Institutional Class | 12/19/11 | $0.568 | $0.0824 |
The funds will notify shareholders in January 2013 of amounts for use in preparing 2012 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
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
SIF-I-UANNPRO-0412
1.938970.100
Spartan® Total Market Index
Fund
Class F
Annual Report
(Fidelity Cover Art)
February 29, 2012
Contents
Performance | How the fund has done over time. | |
Management's Discussion of Fund Performance | The Portfolio Manager's review of fund performance and strategy. | |
Shareholder Expense Example | An example of shareholder expenses. | |
Investment Changes | A summary of major shifts in the fund's investments over the past six months. | |
Investments | A complete list of the fund's investments with their market values. | |
Financial Statements | Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights. | |
Notes | Notes to the financial statements. | |
Report of Independent Registered Public Accounting Firm |
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Trustees and Officers |
| |
Distributions |
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To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-835-5092 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.
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 29, 2012 | Past 1 | Past 5 | Past 10 |
Class F A | 4.51% | 1.99% | 5.07% |
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, 2002. The chart shows how the value of your investment would have changed, and also shows how the Dow Jones U.S. Total Stock Market IndexSM performed over the same period. The initial offering of Class F took place on September 24, 2009. See above for additional information regarding the performance of Class F.
Annual Report
Management's Discussion of Fund Performance
Market Recap: U.S. stocks rose for the 12 months ending February 29, 2012, as encouraging economic news sparked a strong late-period rally that lifted major equity benchmarks past a number of significant milestones. Stocks recovered from early-period uncertainty that followed the March 2011 earthquake, tsunami and nuclear meltdown in Japan, but plummeted during the summer amid Europe's debt woes and a historic U.S. credit-rating downgrade. Despite continued volatility and mixed economic news, markets began to recover in early October. Investors gravitated toward defensive sectors and the perceived safety of larger, more-established and dividend-paying names, helping the Dow Jones® Industrial Average advance 8.83%, and close above the psychologically important 13,000 mark in late February - for the first time since May 2008. The rally accelerated late in the period and the market broadened, as investor confidence improved amid encouraging manufacturing, housing and employment data, and signs of progress in Europe. For the year, the S&P 500® Index added 5.12%, closing near a four-year high on the period's second-to-last day. The technology-laden Nasdaq Composite® Index added 7.73%, flirting with the 3,000 mark, its highest level in 12 years. Foreign developed-markets stocks reeled over Europe's turmoil, and the MSCI® EAFE® (Europe, Australasia, Far East) Index fell 7.35%.
Comments from James Francis, Senior Portfolio Manager of the Geode Capital Management, LLC, investment management team for Spartan® Total Market Index Fund: For the year ending February 29, 2012, the fund's Class F shares returned 4.51%, in line with the 4.53% return of the benchmark Dow Jones U.S. Total Stock Market IndexSM. Several of the fund's leading contributors were technology stocks. Topping the list was Apple, the second-largest stock in the index, whose shares gained approximately 54% during the past 12 months. This consumer products and personal computer manufacturer enjoyed very strong sales, especially of its popular iPad® tablet computers and iPhone® mobile telephones. Computer-services company International Business Machines, the third-largest stock in the index, also added value, as its shares trended upward throughout most of the reporting period. Software giant Microsoft and semiconductor manufacturer Intel enjoyed good results, with Intel benefiting from strong product demand that spurred better-than-expected sales growth. Elsewhere, tobacco manufacturer Philip Morris International and restaurant giant McDonald's performed well among consumer staples stocks, while in health care, drugmakers Merck and Pfizer contributed. Telecommunication services provider AT&T and credit card processing company Visa also added to returns. Unsurprisingly, given the tremendous market volatility of the past year, many financials stocks topped the list of detractors. The biggest laggard was diversified financials company Bank of America, whose shares declined 44% during the 12-month period. Other diversified financials firms also saw double-digit drops in their stock price, including Citigroup, JPMorgan Chase, Goldman Sachs Group and Morgan Stanley, while insurance-focused conglomerate Berkshire Hathaway also lagged. Meanwhile, in the information technology sector, computer and peripherals company Hewlett-Packard had a difficult year. Among its challenges was the company's announcement in August of plans to exit the personal computer business - a decision it rescinded a few months later. Investors appeared to have little confidence in this strategy, causing the stock to lose 20% of its value in a single day - the biggest one-day decline for the company since October 1987. Other notable detractors included Schlumberger, an oil-field services company, and Corning, a leading maker of specialty glass and ceramics.
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 actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (September 1, 2011 to February 29, 2012) for Investor Class, Fidelity Advantage Class and Class F and for the entire period (September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class. The hypothetical expense example is based on an investment of $1,000 invested for the one-half year period (September 1, 2011 to February 29, 2012).
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 | .100% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.20 | $ .53 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.37 | $ .50 C |
Fidelity Advantage Class | .070% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .37 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.52 | $ .35 C |
Institutional Class | .060% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,164.90 | $ .31 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.57 | $ .30 C |
Fidelity Advantage Institutional Class | .045% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,165.00 | $ .23 B |
HypotheticalA |
| $ 1,000.00 | $ 1,023.69 | $ .23 C |
Class F | .050% |
|
|
|
Actual |
| $ 1,000.00 | $ 1,132.70 | $ .27 B |
HypotheticalA |
| $ 1,000.00 | $ 1,024.61 | $ .25 C |
A 5% return per year before expenses
B Actual expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period) for Investor Class, Fidelity Advantage Class and Class F and multiplied by 175/366 (to reflect the period September 8, 2011 to February 29, 2012) for Institutional Class and Fidelity Advantage Institutional Class.
C Hypothetical expenses are equal to each Class' annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period).
Annual Report
Spartan Total Market Index Fund
Investment Changes (Unaudited)
Top Ten Stocks as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Apple, Inc. | 3.3 | 2.6 |
Exxon Mobil Corp. | 2.7 | 2.6 |
Microsoft Corp. | 1.6 | 1.5 |
IBM Corp. | 1.5 | 1.5 |
Chevron Corp. | 1.4 | 1.4 |
General Electric Co. | 1.3 | 1.3 |
Procter & Gamble Co. | 1.2 | 1.3 |
AT&T, Inc. | 1.2 | 1.2 |
Johnson & Johnson | 1.2 | 1.3 |
Pfizer, Inc. | 1.1 | 1.1 |
| 16.5 | |
Market Sectors as of February 29, 2012 | ||
| % of fund's | % of fund's net assets |
Information Technology | 19.2 | 17.9 |
Financials | 15.2 | 15.1 |
Consumer Discretionary | 11.8 | 11.4 |
Health Care | 11.3 | 11.7 |
Energy | 11.1 | 11.3 |
Industrials | 11.0 | 10.7 |
Consumer Staples | 9.3 | 9.7 |
Materials | 4.0 | 4.2 |
Utilities | 3.4 | 3.7 |
Telecommunication Services | 2.5 | 2.8 |
Annual Report
Spartan Total Market Index Fund
Investments February 29, 2012
Showing Percentage of Net Assets
Common Stocks - 98.8% | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - 11.8% | |||
Auto Components - 0.4% | |||
American Axle & Manufacturing Holdings, Inc. (a)(d) | 49,377 | $ 562,404 | |
Amerigon, Inc. (a)(d) | 16,405 | 241,482 | |
BorgWarner, Inc. (a)(d) | 82,983 | 6,874,312 | |
Cooper Tire & Rubber Co. | 41,865 | 694,959 | |
Dana Holding Corp. | 106,956 | 1,711,296 | |
Dorman Products, Inc. (a) | 7,023 | 318,914 | |
Drew Industries, Inc. (a)(d) | 13,918 | 381,353 | |
Exide Technologies (a)(d) | 48,227 | 143,234 | |
Federal-Mogul Corp. Class A (a) | 43,356 | 746,157 | |
Fuel Systems Solutions, Inc. (a) | 11,625 | 301,088 | |
Gentex Corp. (d) | 109,863 | 2,598,260 | |
Johnson Controls, Inc. | 551,254 | 17,987,418 | |
Lear Corp. | 77,108 | 3,486,053 | |
Modine Manufacturing Co. (a) | 32,309 | 293,366 | |
Motorcar Parts of America, Inc. (a) | 7,628 | 62,931 | |
Quantum Fuel Systems Technologies Worldwide, Inc. (a)(d) | 7,089 | 6,557 | |
Spartan Motors, Inc. | 29,995 | 171,271 | |
Standard Motor Products, Inc. | 17,952 | 407,869 | |
Stoneridge, Inc. (a) | 17,302 | 167,310 | |
Strattec Security Corp. | 672 | 15,301 | |
Superior Industries International, Inc. (d) | 24,943 | 450,969 | |
Tenneco, Inc. (a)(d) | 43,438 | 1,672,363 | |
The Goodyear Tire & Rubber Co. (a) | 174,336 | 2,241,961 | |
Tower International, Inc. (a) | 4,070 | 51,852 | |
TRW Automotive Holdings Corp. (a)(d) | 77,357 | 3,538,309 | |
UQM Technologies, Inc. (a)(d) | 14,381 | 23,010 | |
Visteon Corp. (a) | 38,157 | 2,049,794 | |
| 47,199,793 | ||
Automobiles - 0.5% | |||
Ford Motor Co. | 3,061,154 | 37,897,087 | |
General Motors Co. (a)(d) | 502,574 | 13,076,975 | |
Harley-Davidson, Inc. | 177,195 | 8,253,743 | |
Tesla Motors, Inc. (a)(d) | 44,292 | 1,479,796 | |
Thor Industries, Inc. (d) | 34,954 | 1,138,452 | |
Winnebago Industries, Inc. (a)(d) | 22,867 | 203,974 | |
| 62,050,027 | ||
Distributors - 0.1% | |||
Core-Mark Holding Co., Inc. | 6,212 | 248,977 | |
Genuine Parts Co. | 141,853 | 8,891,346 | |
LKQ Corp. (a) | 107,839 | 3,435,751 | |
Pool Corp. (d) | 41,433 | 1,508,161 | |
VOXX International Corp. (a) | 18,073 | 231,154 | |
Weyco Group, Inc. | 1,992 | 46,493 | |
| 14,361,882 | ||
Diversified Consumer Services - 0.3% | |||
American Public Education, Inc. (a)(d) | 16,975 | 664,741 | |
Apollo Group, Inc. Class A (non-vtg.) (a) | 108,948 | 4,645,543 | |
Archipelago Learning, Inc. (a) | 7,369 | 67,353 | |
| |||
Shares | Value | ||
Ascent Capital Group, Inc. (a)(d) | 15,290 | $ 752,880 | |
Bridgepoint Education, Inc. (a)(d) | 10,994 | 267,814 | |
Capella Education Co. (a)(d) | 13,090 | 507,892 | |
Career Education Corp. (a) | 44,821 | 386,357 | |
Carriage Services, Inc. | 4,102 | 24,571 | |
Coinstar, Inc. (a)(d) | 21,619 | 1,258,874 | |
Collectors Universe, Inc. | 4,772 | 72,773 | |
Corinthian Colleges, Inc. (a)(d) | 84,173 | 377,937 | |
DeVry, Inc. | 44,629 | 1,585,668 | |
Education Management Corp. (a) | 26,671 | 481,945 | |
Grand Canyon Education, Inc. (a) | 21,711 | 371,475 | |
H&R Block, Inc. | 266,520 | 4,344,276 | |
Hillenbrand, Inc. | 60,464 | 1,388,858 | |
ITT Educational Services, Inc. (a)(d) | 23,503 | 1,613,246 | |
K12, Inc. (a)(d) | 24,400 | 526,064 | |
Learning Tree International, Inc. (a) | 3,285 | 19,020 | |
Lincoln Educational Services Corp. | 15,671 | 132,577 | |
Mac-Gray Corp. | 7,087 | 98,793 | |
Matthews International Corp. Class A | 22,471 | 697,050 | |
National American University Holdings, Inc. | 5,378 | 37,162 | |
Princeton Review, Inc. (a) | 14,908 | 1,643 | |
Regis Corp. | 37,626 | 651,306 | |
School Specialty, Inc. (a)(d) | 13,358 | 42,746 | |
Service Corp. International (d) | 202,046 | 2,291,202 | |
Sotheby's Class A (Ltd. vtg.) (d) | 59,342 | 2,334,514 | |
Steiner Leisure Ltd. (a) | 10,649 | 532,876 | |
Stewart Enterprises, Inc. Class A | 55,722 | 346,591 | |
Strayer Education, Inc. (d) | 14,558 | 1,497,945 | |
Universal Technical Institute, Inc. | 29,419 | 382,153 | |
Weight Watchers International, Inc. | 25,755 | 2,008,375 | |
| 30,412,220 | ||
Hotels, Restaurants & Leisure - 2.2% | |||
AFC Enterprises, Inc. (a) | 18,286 | 292,393 | |
Ambassadors Group, Inc. | 20,059 | 105,711 | |
Ameristar Casinos, Inc. | 18,903 | 375,036 | |
Bally Technologies, Inc. (a) | 38,305 | 1,644,817 | |
Benihana, Inc. | 2,149 | 22,328 | |
Biglari Holdings, Inc. (a) | 607 | 249,180 | |
BJ's Restaurants, Inc. (a)(d) | 21,746 | 1,079,689 | |
Bluegreen Corp. (a) | 11,189 | 35,133 | |
Bob Evans Farms, Inc. | 27,901 | 1,026,757 | |
Boyd Gaming Corp. (a)(d) | 49,786 | 398,786 | |
Bravo Brio Restaurant Group, Inc. (a) | 12,451 | 240,055 | |
Brinker International, Inc. | 62,217 | 1,716,567 | |
Buffalo Wild Wings, Inc. (a)(d) | 13,815 | 1,194,859 | |
Caesars Entertainment Corp. | 1,145 | 12,961 | |
Caribou Coffee Co., Inc. (a)(d) | 18,083 | 299,816 | |
Carnival Corp. unit | 312,157 | 9,455,236 | |
Carrols Restaurant Group, Inc. (a) | 6,381 | 75,806 | |
CEC Entertainment, Inc. (d) | 20,553 | 784,302 | |
Chipotle Mexican Grill, Inc. (a)(d) | 25,363 | 9,897,150 | |
Choice Hotels International, Inc. (d) | 41,734 | 1,567,946 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Hotels, Restaurants & Leisure - continued | |||
Churchill Downs, Inc. | 10,397 | $ 542,723 | |
Cracker Barrel Old Country Store, Inc. (d) | 18,601 | 1,035,518 | |
Darden Restaurants, Inc. (d) | 97,411 | 4,966,987 | |
Denny's Corp. (a)(d) | 71,197 | 295,468 | |
DineEquity, Inc. (a) | 12,829 | 684,812 | |
Domino's Pizza, Inc. (a)(d) | 54,176 | 2,083,609 | |
Dover Downs Gaming & Entertainment, Inc. | 1,508 | 3,619 | |
Dover Motorsports, Inc. (a) | 9,993 | 13,191 | |
Dunkin' Brands Group, Inc. (a) | 38,382 | 1,114,613 | |
Einstein Noah Restaurant Group, Inc. | 3,797 | 53,272 | |
Empire Resorts, Inc. (a) | 4,429 | 12,933 | |
Famous Dave's of America, Inc. (a) | 2,311 | 25,236 | |
Gaylord Entertainment Co. (a)(d) | 27,271 | 811,585 | |
Great Wolf Resorts, Inc. (a) | 11,425 | 46,271 | |
Hyatt Hotels Corp. Class A (a) | 51,855 | 2,147,316 | |
International Game Technology | 238,801 | 3,586,791 | |
International Speedway Corp. Class A (d) | 20,854 | 524,687 | |
Interval Leisure Group, Inc. (a) | 29,497 | 397,915 | |
Isle of Capri Casinos, Inc. (a)(d) | 20,657 | 131,172 | |
Jack in the Box, Inc. (a)(d) | 42,139 | 1,005,015 | |
Jamba, Inc. (a)(d) | 95,683 | 202,848 | |
Kona Grill, Inc. (a) | 4,029 | 21,676 | |
Krispy Kreme Doughnuts, Inc. (a)(d) | 47,141 | 385,613 | |
Lakes Entertainment, Inc. (a) | 2,872 | 5,629 | |
Las Vegas Sands Corp. | 300,298 | 16,699,572 | |
Life Time Fitness, Inc. (a)(d) | 28,392 | 1,404,552 | |
Luby's, Inc. (a)(d) | 14,614 | 72,485 | |
Marcus Corp. | 22,859 | 275,451 | |
Marriott International, Inc. Class A (d) | 237,684 | 8,385,492 | |
Marriott Vacations Worldwide Corp. | 23,385 | 582,988 | |
McDonald's Corp. | 826,668 | 82,071,599 | |
MGM Mirage, Inc. (a)(d) | 250,383 | 3,447,774 | |
Monarch Casino & Resort, Inc. (a) | 4,802 | 50,325 | |
Morgans Hotel Group Co. (a) | 27,678 | 141,988 | |
MTR Gaming Group, Inc. (a) | 5,748 | 20,635 | |
Multimedia Games Holdng Co., Inc. (a) | 20,726 | 212,027 | |
O'Charleys, Inc. (a)(d) | 10,158 | 100,666 | |
Orient Express Hotels Ltd. Class A (a)(d) | 63,690 | 629,894 | |
P.F. Chang's China Bistro, Inc. (d) | 18,729 | 717,695 | |
Panera Bread Co. Class A (a) | 26,570 | 4,107,191 | |
Papa John's International, Inc. (a)(d) | 19,260 | 715,702 | |
Peet's Coffee & Tea, Inc. (a)(d) | 15,145 | 975,187 | |
Penn National Gaming, Inc. (a) | 50,336 | 2,141,797 | |
Pinnacle Entertainment, Inc. (a) | 61,922 | 681,761 | |
Premier Exhibitions, Inc. (a) | 1,375 | 3,369 | |
Red Lion Hotels Corp. (a) | 3,129 | 24,062 | |
Red Robin Gourmet Burgers, Inc. (a)(d) | 21,139 | 727,393 | |
Rick's Cabaret International, Inc. (a) | 5,726 | 53,824 | |
Royal Caribbean Cruises Ltd. | 102,343 | 2,915,752 | |
| |||
Shares | Value | ||
Ruby Tuesday, Inc. (a)(d) | 44,363 | $ 345,144 | |
Ruth's Hospitality Group, Inc. (a)(d) | 33,916 | 211,297 | |
Scientific Games Corp. Class A (a) | 45,645 | 479,729 | |
Shuffle Master, Inc. (a) | 42,130 | 615,098 | |
Six Flags Entertainment Corp. | 40,264 | 1,822,349 | |
Sonic Corp. (a) | 98,965 | 817,451 | |
Speedway Motorsports, Inc. | 7,569 | 117,471 | |
Starbucks Corp. | 593,530 | 28,821,817 | |
Starwood Hotels & Resorts Worldwide, Inc. | 164,349 | 8,858,411 | |
Texas Roadhouse, Inc. Class A | 57,171 | 956,471 | |
The Cheesecake Factory, Inc. (a)(d) | 34,878 | 1,033,784 | |
Town Sports International Holdings, Inc. (a) | 13,107 | 135,002 | |
Vail Resorts, Inc. (d) | 24,951 | 1,050,437 | |
Wendy's Co. | 250,660 | 1,270,846 | |
WMS Industries, Inc. (a) | 38,370 | 845,291 | |
Wyndham Worldwide Corp. | 137,748 | 6,059,535 | |
Wynn Resorts Ltd. | 66,112 | 7,836,916 | |
Yum! Brands, Inc. | 377,002 | 24,972,612 | |
| 263,981,869 | ||
Household Durables - 0.4% | |||
American Greetings Corp. Class A (d) | 30,155 | 452,325 | |
Bassett Furniture Industries, Inc. | 1,847 | 15,330 | |
Beazer Homes USA, Inc. (a)(d) | 77,365 | 241,379 | |
Blyth, Inc. (d) | 8,019 | 511,612 | |
Brookfield Residential Properties, Inc. (a) | 18,869 | 196,765 | |
Cavco Industries, Inc. (a)(d) | 9,813 | 442,468 | |
Cobra Electronics Corp. (a) | 1,032 | 4,541 | |
CSS Industries, Inc. | 12,944 | 253,702 | |
D.R. Horton, Inc. | 195,548 | 2,804,158 | |
Dixie Group, Inc. (a) | 2,977 | 12,742 | |
Emerson Radio Corp. (a) | 23,724 | 48,160 | |
Ethan Allen Interiors, Inc. | 19,507 | 492,552 | |
Flexsteel Industries, Inc. | 2,547 | 43,554 | |
Furniture Brands International, Inc. (a) | 37,283 | 59,653 | |
Garmin Ltd. | 86,587 | 4,086,041 | |
Harman International Industries, Inc. | 71,938 | 3,534,314 | |
Helen of Troy Ltd. (a)(d) | 25,644 | 833,430 | |
Hooker Furniture Corp. | 12,895 | 154,869 | |
Hovnanian Enterprises, Inc. Class A (a)(d) | 261,523 | 724,419 | |
iRobot Corp. (a) | 21,633 | 552,074 | |
Jarden Corp. (d) | 66,002 | 2,327,891 | |
KB Home (d) | 56,985 | 650,769 | |
Kid Brands, Inc. (a) | 16,651 | 49,786 | |
Koss Corp. | 2,669 | 14,866 | |
La-Z-Boy, Inc. (a)(d) | 34,909 | 498,850 | |
Leggett & Platt, Inc. | 100,406 | 2,272,188 | |
Lennar Corp. Class A (d) | 117,519 | 2,747,594 | |
Libbey, Inc. (a)(d) | 16,641 | 208,845 | |
Lifetime Brands, Inc. | 2,385 | 27,857 | |
M.D.C. Holdings, Inc. | 25,191 | 619,195 | |
M/I Homes, Inc. (a)(d) | 24,871 | 301,188 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Household Durables - continued | |||
Meritage Homes Corp. (a)(d) | 26,992 | $ 698,823 | |
Mohawk Industries, Inc. (a) | 39,595 | 2,514,678 | |
Newell Rubbermaid, Inc. | 216,340 | 3,959,022 | |
NVR, Inc. (a)(d) | 4,152 | 2,873,184 | |
PulteGroup, Inc. (a)(d) | 265,604 | 2,342,627 | |
Ryland Group, Inc. | 32,303 | 585,653 | |
Sealy Corp., Inc. (a)(d) | 37,146 | 63,891 | |
Skullcandy, Inc. (a)(d) | 12,653 | 178,660 | |
Skyline Corp. (d) | 21,741 | 175,015 | |
Standard Pacific Corp. (a)(d) | 98,412 | 431,045 | |
Stanley Furniture Co., Inc. (a) | 5,699 | 19,263 | |
Tempur-Pedic International, Inc. (a)(d) | 57,648 | 4,554,192 | |
Toll Brothers, Inc. (a)(d) | 105,058 | 2,464,661 | |
Tupperware Brands Corp. | 43,005 | 2,695,983 | |
Universal Electronics, Inc. (a)(d) | 14,332 | 280,334 | |
Whirlpool Corp. | 56,428 | 4,264,264 | |
Zagg, Inc. (a)(d) | 21,268 | 223,314 | |
| 53,507,726 | ||
Internet & Catalog Retail - 0.8% | |||
1-800-FLOWERS.com, Inc. Class A (a) | 24,206 | 66,082 | |
Amazon.com, Inc. (a)(d) | 282,977 | 50,848,137 | |
Blue Nile, Inc. (a)(d) | 11,337 | 404,164 | |
dELiA*s, Inc. (a) | 2,977 | 3,156 | |
Expedia, Inc. | 75,256 | 2,562,467 | |
Gaiam, Inc. Class A (a) | 12,609 | 45,645 | |
Geeknet, Inc. (a) | 1,180 | 17,122 | |
Groupon, Inc. Class A (a)(d) | 27,415 | 540,487 | |
Hollywood Media Corp. (a) | 1,032 | 1,146 | |
HomeAway, Inc. (d) | 22,951 | 607,742 | |
HSN, Inc. | 29,532 | 1,097,409 | |
Liberty Media Corp. Interactive Series A (a) | 513,952 | 9,641,740 | |
Netflix, Inc. (a) | 39,072 | 4,326,443 | |
NutriSystem, Inc. | 26,922 | 303,411 | |
Orbitz Worldwide, Inc. (a) | 31,286 | 112,317 | |
Overstock.com, Inc. (a)(d) | 14,467 | 92,010 | |
PetMed Express, Inc. | 32,292 | 393,317 | |
Priceline.com, Inc. (a) | 41,099 | 25,769,895 | |
Shutterfly, Inc. (a)(d) | 21,444 | 586,708 | |
TripAdvisor, Inc. (a) | 75,256 | 2,425,501 | |
U.S. Auto Parts Network, Inc. (a) | 5,048 | 24,483 | |
ValueVision Media, Inc. Class A (a) | 18,644 | 32,068 | |
Vitacost.com, Inc. (a) | 15,384 | 125,072 | |
| 100,026,522 | ||
Leisure Equipment & Products - 0.2% | |||
Arctic Cat, Inc. (a) | 18,718 | 688,448 | |
Black Diamond, Inc. (a) | 20,004 | 165,633 | |
Brunswick Corp. (d) | 68,451 | 1,636,663 | |
Callaway Golf Co. | 77,147 | 505,313 | |
Hasbro, Inc. | 86,466 | 3,053,979 | |
| |||
Shares | Value | ||
JAKKS Pacific, Inc. | 23,770 | $ 369,148 | |
Johnson Outdoors, Inc. Class A (a) | 3,505 | 57,622 | |
Leapfrog Enterprises, Inc. Class A (a) | 33,741 | 237,199 | |
Marine Products Corp. | 11,741 | 73,029 | |
Mattel, Inc. | 298,569 | 9,685,578 | |
Meade Instruments Corp. (a) | 112 | 371 | |
Nautilus, Inc. (a) | 5,159 | 14,342 | |
Polaris Industries, Inc. | 56,100 | 3,705,966 | |
Smith & Wesson Holding Corp. (a) | 91,237 | 477,170 | |
Steinway Musical Instruments, Inc. (a) | 4,620 | 115,315 | |
Sturm, Ruger & Co., Inc. | 24,417 | 1,020,142 | |
Summer Infant, Inc. (a) | 32,605 | 195,304 | |
| 22,001,222 | ||
Media - 3.1% | |||
A.H. Belo Corp. Class A | 22,177 | 104,675 | |
AMC Networks, Inc. Class A | 47,269 | 2,145,540 | |
Arbitron, Inc. (d) | 18,967 | 634,256 | |
Ballantyne of Omaha, Inc. (a) | 17,964 | 88,203 | |
Belo Corp. Series A (d) | 87,121 | 624,658 | |
Cablevision Systems Corp. - NY Group Class A | 169,025 | 2,405,226 | |
Carmike Cinemas, Inc. (a)(d) | 21,753 | 163,800 | |
CBS Corp. Class B | 537,459 | 16,070,024 | |
Charter Communications, Inc. Class A (a) | 31,792 | 2,015,931 | |
Cinemark Holdings, Inc. | 62,073 | 1,298,567 | |
Clear Channel Outdoor Holding, Inc. Class A | 41,131 | 544,163 | |
Comcast Corp. Class A | 2,191,483 | 64,385,771 | |
Crown Media Holdings, Inc. Class A (a)(d) | 24,979 | 31,973 | |
Cumulus Media, Inc. Class A (a)(d) | 68,791 | 236,641 | |
Dex One Corp. (a) | 48,569 | 84,996 | |
Digital Generation, Inc. (a)(d) | 26,444 | 264,440 | |
DIRECTV (a) | 602,724 | 27,918,176 | |
Discovery Communications, Inc. (a)(d) | 207,237 | 9,667,606 | |
DISH Network Corp. Class A | 161,315 | 4,705,559 | |
DreamWorks Animation SKG, Inc. Class A (a)(d) | 47,533 | 820,420 | |
E.W. Scripps Co. Class A (a) | 24,274 | 231,088 | |
Emmis Communications Corp. Class A (a) | 7,973 | 5,820 | |
Entercom Communications Corp. Class A (a) | 21,235 | 148,645 | |
Entravision Communication Corp. Class A | 55,710 | 92,479 | |
Fisher Communications, Inc. (a) | 2,670 | 76,549 | |
Gannett Co., Inc. | 170,648 | 2,532,416 | |
Gray Television, Inc. (a) | 7,475 | 15,399 | |
Harris Interactive, Inc. (a) | 5,389 | 4,688 | |
Harte-Hanks, Inc. | 45,482 | 397,513 | |
Insignia Systems, Inc. | 5,038 | 10,781 | |
Interpublic Group of Companies, Inc. | 356,851 | 4,182,294 | |
John Wiley & Sons, Inc. Class A | 36,984 | 1,679,074 | |
Journal Communications, Inc. Class A (a) | 19,668 | 93,423 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Media - continued | |||
Knology, Inc. (a) | 52,466 | $ 935,469 | |
Lamar Advertising Co. Class A (a)(d) | 40,510 | 1,324,677 | |
Liberty Global, Inc. Class A (a) | 225,788 | 11,330,042 | |
Liberty Media Corp. Capital Series A (a) | 90,172 | 8,105,561 | |
LIN TV Corp. Class A (a) | 36,007 | 148,349 | |
Live Nation Entertainment, Inc. (a)(d) | 134,515 | 1,253,680 | |
LodgeNet Entertainment Corp. (a)(d) | 35,253 | 120,213 | |
Madison Square Garden Co. Class A (a) | 41,476 | 1,321,011 | |
Martha Stewart Living Omnimedia, Inc. Class A | 39,255 | 176,648 | |
McGraw-Hill Companies, Inc. | 231,759 | 10,786,064 | |
Media General, Inc. Class A (a)(d) | 21,745 | 122,859 | |
Meredith Corp. (d) | 29,133 | 958,476 | |
Morningstar, Inc. | 20,110 | 1,203,986 | |
National CineMedia, Inc. | 40,280 | 640,855 | |
Navarre Corp. (a) | 5,954 | 10,122 | |
New Frontier Media, Inc. (a) | 5,133 | 6,314 | |
News Corp. Class A | 1,849,783 | 36,755,188 | |
Nexstar Broadcasting Group, Inc. Class A (a) | 2,664 | 21,978 | |
Omnicom Group, Inc. | 236,408 | 11,688,012 | |
Outdoor Channel Holdings, Inc. | 3,578 | 25,225 | |
Pandora Media, Inc. | 47,948 | 626,201 | |
Radio One, Inc. Class D (non-vtg.) (a)(d) | 32,336 | 31,043 | |
ReachLocal, Inc. (a) | 5,194 | 40,513 | |
Regal Entertainment Group Class A | 55,158 | 762,284 | |
Rentrak Corp. (a)(d) | 4,521 | 93,946 | |
Saga Communications, Inc. Class A (a) | 201 | 7,542 | |
Salem Communications Corp. Class A (a) | 1,732 | 4,555 | |
Scholastic Corp. | 17,229 | 526,691 | |
Scripps Networks Interactive, Inc. Class A | 65,856 | 2,976,691 | |
Sinclair Broadcast Group, Inc. Class A | 37,417 | 427,302 | |
Sirius XM Radio, Inc. (a)(d) | 2,910,962 | 6,578,774 | |
Spanish Broadcasting System, Inc. Class A (a) | 698 | 3,043 | |
SuperMedia, Inc. (a)(d) | 19,383 | 55,242 | |
The McClatchy Co. Class A (a)(d) | 36,929 | 93,800 | |
The New York Times Co. Class A (a)(d) | 86,508 | 570,088 | |
The Walt Disney Co. | 1,395,945 | 58,615,731 | |
Time Warner Cable, Inc. | 256,081 | 20,317,467 | |
Time Warner, Inc. | 813,203 | 30,259,284 | |
Valassis Communications, Inc. (a)(d) | 33,863 | 845,898 | |
Viacom, Inc. Class B (non-vtg.) | 439,392 | 20,923,847 | |
Virgin Media, Inc. | 250,243 | 6,306,124 | |
Washington Post Co. Class B (d) | 3,668 | 1,444,825 | |
World Wrestling Entertainment, Inc. Class A (d) | 44,310 | 404,993 | |
| 382,531,407 | ||
Multiline Retail - 0.7% | |||
Big Lots, Inc. (a) | 53,063 | 2,326,813 | |
Dillard's, Inc. Class A | 32,687 | 1,998,483 | |
| |||
Shares | Value | ||
Dollar General Corp. (a) | 100,000 | $ 4,206,000 | |
Dollar Tree, Inc. (a) | 104,600 | 9,258,146 | |
Family Dollar Stores, Inc. | 93,448 | 5,045,258 | |
Fred's, Inc. Class A | 41,012 | 568,016 | |
Gordmans Stores, Inc. (a) | 4,621 | 70,101 | |
JCPenney Co., Inc. (d) | 118,147 | 4,678,621 | |
Kohl's Corp. | 200,742 | 9,972,863 | |
Macy's, Inc. | 332,684 | 12,632,011 | |
Nordstrom, Inc. | 125,044 | 6,704,859 | |
Saks, Inc. (a)(d) | 100,086 | 1,166,002 | |
Sears Holdings Corp. (a)(d) | 33,101 | 2,305,816 | |
Target Corp. | 493,763 | 27,991,424 | |
The Bon-Ton Stores, Inc. (d) | 35,903 | 172,334 | |
Tuesday Morning Corp. (a) | 26,882 | 92,205 | |
| 89,188,952 | ||
Specialty Retail - 2.3% | |||
Aarons, Inc. Class A | 52,315 | 1,461,681 | |
Abercrombie & Fitch Co. Class A (d) | 65,044 | 2,978,365 | |
Advance Auto Parts, Inc. (d) | 56,386 | 4,813,673 | |
Aeropostale, Inc. (a)(d) | 64,770 | 1,163,917 | |
America's Car Mart, Inc. (a)(d) | 10,422 | 464,925 | |
American Eagle Outfitters, Inc. | 147,326 | 2,142,120 | |
ANN, Inc. (a) | 46,918 | 1,120,871 | |
Asbury Automotive Group, Inc. (a)(d) | 22,455 | 582,258 | |
Ascena Retail Group, Inc. (a) | 45,390 | 1,752,054 | |
AutoNation, Inc. (a)(d) | 41,064 | 1,399,461 | |
AutoZone, Inc. (a) | 25,418 | 9,518,533 | |
Barnes & Noble, Inc. (a)(d) | 28,244 | 375,928 | |
bebe Stores, Inc. | 66,951 | 599,881 | |
Bed Bath & Beyond, Inc. (a)(d) | 191,161 | 11,419,958 | |
Best Buy Co., Inc. (d) | 235,305 | 5,812,034 | |
Big 5 Sporting Goods Corp. | 16,237 | 126,486 | |
Body Central Corp. (a) | 19,422 | 540,708 | |
Books-A-Million, Inc. (d) | 4,414 | 11,565 | |
Brown Shoe Co., Inc. | 39,452 | 425,293 | |
Build-A-Bear Workshop, Inc. (a) | 4,049 | 22,067 | |
Cabela's, Inc. Class A (a)(d) | 35,549 | 1,261,279 | |
Cache, Inc. (a) | 2,880 | 17,942 | |
CarMax, Inc. (a)(d) | 168,519 | 5,171,848 | |
Casual Male Retail Group, Inc. (a)(d) | 14,093 | 44,393 | |
Charming Shoppes, Inc. (a)(d) | 68,622 | 387,714 | |
Chico's FAS, Inc. | 126,827 | 1,903,673 | |
Christopher & Banks Corp. | 18,173 | 38,890 | |
Citi Trends, Inc. (a)(d) | 14,433 | 156,454 | |
Coldwater Creek, Inc. (a) | 52,942 | 49,765 | |
Collective Brands, Inc. (a) | 44,911 | 809,296 | |
Conn's, Inc. (a) | 7,800 | 103,428 | |
Cost Plus, Inc. (a)(d) | 9,618 | 126,381 | |
Destination Maternity Corp. | 9,860 | 177,283 | |
Dick's Sporting Goods, Inc. (d) | 70,000 | 3,133,200 | |
DSW, Inc. Class A (d) | 21,867 | 1,233,299 | |
Express, Inc. (a) | 55,952 | 1,331,658 | |
Finish Line, Inc. Class A | 36,835 | 846,837 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Specialty Retail - continued | |||
Foot Locker, Inc. (d) | 110,785 | $ 3,231,598 | |
Francescas Holdings Corp. (a) | 17,371 | 398,664 | |
GameStop Corp. Class A (d) | 106,346 | 2,422,562 | |
Gap, Inc. (d) | 219,692 | 5,132,005 | |
Genesco, Inc. (a)(d) | 19,944 | 1,358,984 | |
GNC Holdings, Inc. | 32,604 | 1,055,391 | |
Group 1 Automotive, Inc. | 17,193 | 886,643 | |
Guess?, Inc. (d) | 45,871 | 1,589,430 | |
Haverty Furniture Companies, Inc. | 22,550 | 248,050 | |
hhgregg, Inc. (a)(d) | 15,184 | 173,553 | |
Hibbett Sports, Inc. (a)(d) | 22,731 | 1,112,682 | |
Home Depot, Inc. | 1,241,845 | 59,074,567 | |
Hot Topic, Inc. (d) | 51,429 | 458,747 | |
Jos. A. Bank Clothiers, Inc. (a)(d) | 18,868 | 971,513 | |
Kirkland's, Inc. (a) | 10,699 | 170,649 | |
Limited Brands, Inc. | 212,274 | 9,877,109 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 20,666 | 487,924 | |
Lowe's Companies, Inc. | 1,010,000 | 28,663,800 | |
Lumber Liquidators Holdings, Inc. (a)(d) | 21,619 | 473,240 | |
MarineMax, Inc. (a)(d) | 10,125 | 81,810 | |
Midas, Inc. (a) | 17,343 | 158,342 | |
Monro Muffler Brake, Inc. | 28,456 | 1,305,277 | |
New York & Co., Inc. (a) | 19,427 | 50,704 | |
O'Reilly Automotive, Inc. (a) | 100,461 | 8,689,877 | |
Office Depot, Inc. (a)(d) | 201,295 | 664,274 | |
OfficeMax, Inc. (a)(d) | 62,318 | 348,981 | |
Pacific Sunwear of California, Inc. (a)(d) | 60,120 | 126,252 | |
Penske Automotive Group, Inc. (d) | 33,321 | 802,370 | |
Perfumania Holdings, Inc. (a) | 876 | 8,769 | |
PetSmart, Inc. (d) | 105,988 | 5,907,771 | |
Pier 1 Imports, Inc. (a)(d) | 84,654 | 1,453,509 | |
RadioShack Corp. | 82,121 | 582,238 | |
Rent-A-Center, Inc. (d) | 45,857 | 1,624,255 | |
Ross Stores, Inc. | 181,478 | 9,678,222 | |
rue21, Inc. (a) | 10,092 | 269,255 | |
Sally Beauty Holdings, Inc. (a) | 112,253 | 2,671,621 | |
Select Comfort Corp. (a)(d) | 50,428 | 1,492,165 | |
Shoe Carnival, Inc. (a) | 3,572 | 93,515 | |
Signet Jewelers Ltd. | 64,202 | 3,011,074 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (d) | 32,657 | 559,414 | |
Stage Stores, Inc. | 23,252 | 347,617 | |
Staples, Inc. (d) | 578,690 | 8,483,595 | |
Stein Mart, Inc. (a) | 16,975 | 121,711 | |
Systemax, Inc. (a)(d) | 6,560 | 126,608 | |
Talbots, Inc. (a) | 34,649 | 102,561 | |
Teavana Holdings, Inc. (a)(d) | 5,562 | 130,429 | |
The Buckle, Inc. | 18,518 | 831,829 | |
The Cato Corp. Class A (sub. vtg.) | 30,985 | 840,003 | |
The Children's Place Retail Stores, Inc. (a)(d) | 18,479 | 937,809 | |
| |||
Shares | Value | ||
The Men's Wearhouse, Inc. | 38,499 | $ 1,491,066 | |
The Pep Boys - Manny, Moe & Jack (d) | 62,793 | 944,407 | |
Tiffany & Co., Inc. | 113,656 | 7,388,777 | |
TJX Companies, Inc. | 621,248 | 22,743,889 | |
Tractor Supply Co. | 58,000 | 4,957,260 | |
Trans World Entertainment Corp. (a) | 2,977 | 6,966 | |
Ulta Salon, Cosmetics & Fragrance, Inc. (a)(d) | 36,000 | 2,996,640 | |
Urban Outfitters, Inc. (a)(d) | 92,367 | 2,622,299 | |
Vitamin Shoppe, Inc. (a)(d) | 18,626 | 790,301 | |
West Marine, Inc. (a) | 3,285 | 34,821 | |
Wet Seal, Inc. Class A (a)(d) | 66,930 | 234,255 | |
Williams-Sonoma, Inc. (d) | 84,343 | 3,255,640 | |
Winmark Corp. | 391 | 22,627 | |
Zale Corp. (a) | 22,527 | 72,312 | |
Zumiez, Inc. (a) | 17,893 | 562,198 | |
| 280,937,544 | ||
Textiles, Apparel & Luxury Goods - 0.8% | |||
American Apparel, Inc. (a) | 29,392 | 22,338 | |
Carter's, Inc. (a)(d) | 38,101 | 1,850,566 | |
Cherokee, Inc. | 14,744 | 166,165 | |
Coach, Inc. | 229,797 | 17,198,007 | |
Columbia Sportswear Co. (d) | 9,939 | 496,254 | |
Crocs, Inc. (a)(d) | 69,757 | 1,370,725 | |
Culp, Inc. (a) | 7,038 | 73,547 | |
Deckers Outdoor Corp. (a)(d) | 30,415 | 2,273,825 | |
Delta Apparel, Inc. (a) | 1,905 | 31,223 | |
Fossil, Inc. (a)(d) | 40,759 | 4,971,783 | |
G-III Apparel Group Ltd. (a)(d) | 9,815 | 244,590 | |
Hallwood Group, Inc. (a) | 605 | 7,442 | |
Hanesbrands, Inc. (a)(d) | 68,808 | 1,976,854 | |
Iconix Brand Group, Inc. (a)(d) | 52,215 | 948,224 | |
Joe's Jeans, Inc. (a) | 32,503 | 27,790 | |
K-Swiss, Inc. Class A (a)(d) | 23,242 | 77,396 | |
Kenneth Cole Productions, Inc. Class A (sub. vtg.) (a) | 13,384 | 209,995 | |
Lacrosse Footwear, Inc. | 810 | 10,360 | |
Liz Claiborne, Inc. (a)(d) | 79,525 | 777,755 | |
Maidenform Brands, Inc. (a) | 18,000 | 378,000 | |
Michael Kors Holdings Ltd. | 41,224 | 1,782,938 | |
Movado Group, Inc. | 12,323 | 263,712 | |
NIKE, Inc. Class B | 303,000 | 32,699,760 | |
Oxford Industries, Inc. | 8,687 | 437,825 | |
Perry Ellis International, Inc. (a)(d) | 7,954 | 138,638 | |
PVH Corp. | 48,056 | 4,085,241 | |
Quiksilver, Inc. (a) | 80,002 | 374,409 | |
R.G. Barry Corp. | 2,683 | 37,508 | |
Ralph Lauren Corp. | 48,000 | 8,339,040 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a)(d) | 26,486 | 338,226 | |
Steven Madden Ltd. (a)(d) | 32,649 | 1,409,784 | |
Superior Uniform Group, Inc. | 859 | 10,720 | |
The Jones Group, Inc. | 62,712 | 617,713 | |
True Religion Apparel, Inc. (a) | 26,399 | 696,142 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER DISCRETIONARY - continued | |||
Textiles, Apparel & Luxury Goods - continued | |||
Under Armour, Inc. Class A (sub. vtg.) (a) | 27,400 | $ 2,445,176 | |
Unifi, Inc. (a) | 18,843 | 156,208 | |
Vera Bradley, Inc. (a)(d) | 16,362 | 600,485 | |
VF Corp. | 71,637 | 10,462,584 | |
Warnaco Group, Inc. (a)(d) | 50,511 | 2,965,501 | |
Wolverine World Wide, Inc. (d) | 34,429 | 1,313,122 | |
| 102,287,571 | ||
TOTAL CONSUMER DISCRETIONARY | 1,448,486,735 | ||
CONSUMER STAPLES - 9.3% | |||
Beverages - 2.0% | |||
Beam, Inc. | 134,223 | 7,393,003 | |
Boston Beer Co., Inc. Class A (a)(d) | 7,731 | 730,734 | |
Brown-Forman Corp. Class B (non-vtg.) | 80,869 | 6,602,954 | |
Central European Distribution Corp. (a)(d) | 104,154 | 454,111 | |
Coca-Cola Bottling Co. CONSOLIDATED | 3,094 | 199,377 | |
Coca-Cola Enterprises, Inc. | 237,534 | 6,864,733 | |
Constellation Brands, Inc. Class A (sub. vtg.) (a) | 160,834 | 3,512,615 | |
Craft Brew Alliance, Inc. (a) | 5,908 | 36,925 | |
Dr Pepper Snapple Group, Inc. | 184,807 | 7,031,906 | |
Jones Soda Co. (a) | 15,000 | 7,500 | |
MGP Ingredients, Inc. | 4,299 | 25,966 | |
Molson Coors Brewing Co. Class B | 123,862 | 5,442,496 | |
Monster Beverage Corp. (a) | 117,204 | 6,702,897 | |
National Beverage Corp. | 7,694 | 123,181 | |
PepsiCo, Inc. | 1,244,846 | 78,350,607 | |
Primo Water Corp. (a) | 8,907 | 23,693 | |
The Coca-Cola Co. | 1,673,532 | 116,912,946 | |
| 240,415,644 | ||
Food & Staples Retailing - 1.9% | |||
Andersons, Inc. (d) | 16,533 | 712,407 | |
Arden Group, Inc. Class A | 86 | 7,700 | |
Casey's General Stores, Inc. | 29,040 | 1,487,719 | |
Chefs' Warehouse Holdings (a) | 6,997 | 146,937 | |
Costco Wholesale Corp. | 345,917 | 29,769,617 | |
Crumbs Bake Shop, Inc. (a) | 5,760 | 21,658 | |
CVS Caremark Corp. | 1,080,716 | 48,740,292 | |
Fresh Market, Inc. (a) | 21,393 | 963,113 | |
Ingles Markets, Inc. Class A | 14,662 | 262,010 | |
Kroger Co. | 454,411 | 10,810,438 | |
Nash-Finch Co. (d) | 11,468 | 307,457 | |
PriceSmart, Inc. | 12,950 | 836,959 | |
Rite Aid Corp. (a) | 488,242 | 751,893 | |
Roundy's, Inc. | 8,260 | 82,600 | |
Ruddick Corp. | 32,261 | 1,321,411 | |
Safeway, Inc. (d) | 256,994 | 5,512,521 | |
Spartan Stores, Inc. (d) | 24,920 | 444,573 | |
| |||
Shares | Value | ||
SUPERVALU, Inc. (d) | 144,357 | $ 942,651 | |
Susser Holdings Corp. (a) | 14,504 | 367,531 | |
Sysco Corp. | 467,941 | 13,766,824 | |
The Pantry, Inc. (a)(d) | 24,320 | 302,298 | |
United Natural Foods, Inc. (a)(d) | 43,201 | 1,966,510 | |
Village Super Market, Inc. Class A | 3,352 | 100,862 | |
Wal-Mart Stores, Inc. | 1,420,000 | 83,893,600 | |
Walgreen Co. | 720,814 | 23,902,192 | |
Weis Markets, Inc. | 8,067 | 345,752 | |
Whole Foods Market, Inc. (d) | 118,372 | 9,557,355 | |
Winn-Dixie Stores, Inc. (a)(d) | 64,909 | 615,337 | |
| 237,940,217 | ||
Food Products - 1.7% | |||
Alico, Inc. | 172 | 4,001 | |
Archer Daniels Midland Co. | 508,690 | 15,871,128 | |
B&G Foods, Inc. Class A (d) | 31,304 | 728,757 | |
Bridgford Foods Corp. (a) | 344 | 2,986 | |
Bunge Ltd. | 116,141 | 7,818,612 | |
Cal-Maine Foods, Inc. | 14,807 | 570,070 | |
Calavo Growers, Inc. | 6,680 | 183,700 | |
Campbell Soup Co. (d) | 177,820 | 5,924,962 | |
Chiquita Brands International, Inc. (a)(d) | 30,757 | 294,960 | |
Coffee Holding Co., Inc. | 3,401 | 26,868 | |
ConAgra Foods, Inc. | 319,463 | 8,385,904 | |
Corn Products International, Inc. | 54,809 | 3,143,296 | |
Darling International, Inc. (a)(d) | 84,068 | 1,344,247 | |
Dean Foods Co. (a) | 123,257 | 1,511,131 | |
Diamond Foods, Inc. (d) | 18,346 | 438,836 | |
Dole Food Co., Inc. (a)(d) | 21,106 | 202,195 | |
Farmer Brothers Co. | 3,100 | 34,317 | |
Flowers Foods, Inc. | 97,053 | 1,857,594 | |
Fresh Del Monte Produce, Inc. | 29,950 | 672,677 | |
General Mills, Inc. | 489,731 | 18,761,595 | |
Green Mountain Coffee Roasters, Inc. (a)(d) | 100,000 | 6,497,000 | |
H.J. Heinz Co. (d) | 263,879 | 13,909,062 | |
Hain Celestial Group, Inc. (a)(d) | 37,478 | 1,530,602 | |
Hershey Co. (d) | 139,801 | 8,485,921 | |
Hormel Foods Corp. | 107,713 | 3,066,589 | |
Imperial Sugar Co. (d) | 14,457 | 83,128 | |
J&J Snack Foods Corp. | 10,285 | 515,998 | |
John B. Sanfilippo & Son, Inc. (a) | 2,548 | 27,264 | |
Kellogg Co. | 206,669 | 10,819,122 | |
Kraft Foods, Inc. Class A | 1,312,836 | 49,979,667 | |
Lancaster Colony Corp. | 17,892 | 1,166,022 | |
McCormick & Co., Inc. (non-vtg.) | 101,330 | 5,112,099 | |
Mead Johnson Nutrition Co. Class A | 173,455 | 13,486,126 | |
Omega Protein Corp. (a) | 32,056 | 264,783 | |
Pilgrims Pride Corp. (d) | 23,854 | 149,565 | |
Pilgrims Pride Corp. rights 3/1/12 (a) | 30,088 | 11,035 | |
Post Holdings, Inc. (a) | 19,173 | 597,047 | |
Ralcorp Holdings, Inc. (a) | 38,347 | 2,860,686 | |
Sanderson Farms, Inc. | 16,208 | 797,434 | |
Common Stocks - continued | |||
Shares | Value | ||
CONSUMER STAPLES - continued | |||
Food Products - continued | |||
Sara Lee Corp. | 451,262 | $ 9,138,056 | |
Seneca Foods Corp. Class A (a) | 7,029 | 180,083 | |
Smart Balance, Inc. (a) | 45,561 | 272,910 | |
Smithfield Foods, Inc. (a)(d) | 112,502 | 2,635,922 | |
Snyders-Lance, Inc. | 43,541 | 977,495 | |
The J.M. Smucker Co. | 85,628 | 6,449,501 | |
Tootsie Roll Industries, Inc. (d) | 17,168 | 399,156 | |
TreeHouse Foods, Inc. (a)(d) | 29,752 | 1,713,715 | |
Tyson Foods, Inc. Class A | 218,213 | 4,126,408 | |
| 213,030,232 | ||
Household Products - 1.8% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 34,714 | 332,213 | |
Church & Dwight Co., Inc. (d) | 119,008 | 5,681,442 | |
Clorox Co. | 100,862 | 6,819,280 | |
Colgate-Palmolive Co. (d) | 360,000 | 33,544,800 | |
Energizer Holdings, Inc. (a)(d) | 53,405 | 4,082,812 | |
Harbinger Group, Inc. (a) | 756 | 3,447 | |
Kimberly-Clark Corp. | 311,479 | 22,700,590 | |
Oil-Dri Corp. of America | 644 | 13,389 | |
Orchids Paper Products Co. | 612 | 10,955 | |
Procter & Gamble Co. | 2,204,967 | 148,879,372 | |
Spectrum Brands Holdings, Inc. (a) | 17,958 | 510,366 | |
WD-40 Co. | 17,410 | 750,023 | |
| 223,328,689 | ||
Personal Products - 0.3% | |||
Avon Products, Inc. | 349,895 | 6,539,538 | |
Elizabeth Arden, Inc. (a)(d) | 17,715 | 658,112 | |
Estee Lauder Companies, Inc. Class A | 198,684 | 11,630,961 | |
Herbalife Ltd. | 86,338 | 5,716,439 | |
Inter Parfums, Inc. | 14,485 | 244,362 | |
Mannatech, Inc. (a) | 599 | 2,336 | |
MediFast, Inc. (a)(d) | 10,225 | 165,952 | |
Nature's Sunshine Products, Inc. (a) | 2,859 | 42,170 | |
Nu Skin Enterprises, Inc. Class A | 53,831 | 3,109,279 | |
Nutraceutical International Corp. (a) | 2,650 | 34,503 | |
Prestige Brands Holdings, Inc. (a) | 29,892 | 493,218 | |
Revlon, Inc. (a) | 13,966 | 211,725 | |
Schiff Nutrition International, Inc. (a)(d) | 11,821 | 131,922 | |
The Female Health Co. | 4,862 | 23,921 | |
USANA Health Sciences, Inc. (a)(d) | 10,334 | 383,391 | |
| 29,387,829 | ||
Tobacco - 1.6% | |||
Alliance One International, Inc. (a)(d) | 89,449 | 330,067 | |
Altria Group, Inc. | 1,679,474 | 50,552,167 | |
Lorillard, Inc. | 110,571 | 14,493,647 | |
Philip Morris International, Inc. | 1,403,953 | 117,258,155 | |
Reynolds American, Inc. | 282,694 | 11,853,359 | |
Star Scientific, Inc. (a)(d) | 64,344 | 241,290 | |
| |||
Shares | Value | ||
Universal Corp. | 22,476 | $ 1,032,547 | |
Vector Group Ltd. (d) | 25,200 | 457,380 | |
| 196,218,612 | ||
TOTAL CONSUMER STAPLES | 1,140,321,223 | ||
ENERGY - 11.1% | |||
Energy Equipment & Services - 2.1% | |||
Atwood Oceanics, Inc. (a)(d) | 71,156 | 3,384,179 | |
Baker Hughes, Inc. | 353,994 | 17,798,818 | |
Basic Energy Services, Inc. (a)(d) | 31,153 | 618,699 | |
Bolt Technology Corp. | 1,626 | 22,406 | |
Bristow Group, Inc. | 25,621 | 1,209,567 | |
C&J Energy Services, Inc. (d) | 9,114 | 185,196 | |
Cal Dive International, Inc. (a)(d) | 78,352 | 227,221 | |
Cameron International Corp. (a)(d) | 182,754 | 10,181,225 | |
Carbo Ceramics, Inc. (d) | 15,710 | 1,439,822 | |
Dawson Geophysical Co. (a) | 7,871 | 298,232 | |
Diamond Offshore Drilling, Inc. (d) | 64,380 | 4,408,099 | |
Dresser-Rand Group, Inc. (a)(d) | 57,305 | 3,009,659 | |
Dril-Quip, Inc. (a)(d) | 25,155 | 1,760,598 | |
ENGlobal Corp. (a) | 5,637 | 12,965 | |
Exterran Holdings, Inc. (a)(d) | 43,308 | 623,635 | |
FMC Technologies, Inc. (a)(d) | 183,330 | 9,245,332 | |
Geokinetics, Inc. (a) | 3,794 | 7,550 | |
Global Geophysical Services, Inc. (a) | 18,062 | 194,708 | |
Gulf Island Fabrication, Inc. (d) | 10,744 | 314,907 | |
Gulfmark Offshore, Inc. Class A (a) | 20,706 | 1,040,269 | |
Halliburton Co. | 735,826 | 26,923,873 | |
Helix Energy Solutions Group, Inc. (a)(d) | 73,132 | 1,407,060 | |
Helmerich & Payne, Inc. (d) | 72,146 | 4,422,550 | |
Hercules Offshore, Inc. (a) | 133,946 | 680,446 | |
Hornbeck Offshore Services, Inc. (a) | 24,578 | 1,001,554 | |
ION Geophysical Corp. (a)(d) | 95,187 | 681,539 | |
Key Energy Services, Inc. (a)(d) | 103,489 | 1,765,522 | |
Lufkin Industries, Inc. | 23,923 | 1,905,228 | |
Matrix Service Co. (a) | 19,340 | 256,062 | |
McDermott International, Inc. (a) | 177,047 | 2,312,234 | |
Mitcham Industries, Inc. (a) | 8,347 | 195,069 | |
Nabors Industries Ltd. (a) | 221,501 | 4,824,292 | |
National Oilwell Varco, Inc. | 344,829 | 28,458,737 | |
Natural Gas Services Group, Inc. (a) | 21,602 | 302,212 | |
Newpark Resources, Inc. (a)(d) | 85,435 | 672,373 | |
Noble Corp. (d) | 237,885 | 9,558,219 | |
Oceaneering International, Inc. | 84,562 | 4,589,180 | |
Oil States International, Inc. (a)(d) | 36,506 | 2,965,017 | |
OYO Geospace Corp. (a)(d) | 6,500 | 715,325 | |
Parker Drilling Co. (a)(d) | 122,844 | 777,603 | |
Patterson-UTI Energy, Inc. | 122,546 | 2,379,843 | |
PHI, Inc. (non-vtg.) (a) | 18,377 | 406,132 | |
Pioneer Drilling Co. (a) | 46,756 | 465,690 | |
RigNet, Inc. (a) | 15,376 | 261,392 | |
Rowan Companies, Inc. (a) | 91,863 | 3,386,989 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Energy Equipment & Services - continued | |||
RPC, Inc. (d) | 43,642 | $ 698,708 | |
Schlumberger Ltd. | 1,075,278 | 83,452,326 | |
SEACOR Holdings, Inc. (a) | 15,683 | 1,550,735 | |
Superior Energy Services, Inc. (a) | 113,113 | 3,318,735 | |
Tesco Corp. (a)(d) | 25,016 | 383,245 | |
TETRA Technologies, Inc. (a) | 50,020 | 454,682 | |
TGC Industries, Inc. (a) | 2,598 | 26,344 | |
Tidewater, Inc. | 35,470 | 2,110,465 | |
Union Drilling, Inc. (a)(d) | 13,180 | 88,833 | |
Unit Corp. (a)(d) | 34,938 | 1,662,001 | |
Weatherford International Ltd. (a) | 645,319 | 10,312,198 | |
Willbros Group, Inc. (a) | 33,113 | 139,075 | |
| 261,494,575 | ||
Oil, Gas & Consumable Fuels - 9.0% | |||
Abraxas Petroleum Corp. (a)(d) | 126,005 | 506,540 | |
Alon USA Energy, Inc. | 9,432 | 88,661 | |
Alpha Natural Resources, Inc. (a) | 175,427 | 3,255,925 | |
Amyris, Inc. (a)(d) | 28,043 | 150,871 | |
Anadarko Petroleum Corp. | 390,202 | 32,823,792 | |
Apache Corp. | 308,807 | 33,329,540 | |
APCO Oil and Gas International, Inc. (d) | 5,546 | 416,948 | |
Approach Resources, Inc. (a) | 13,537 | 467,839 | |
Arch Coal, Inc. | 156,559 | 2,124,506 | |
ATP Oil & Gas Corp. (a)(d) | 43,659 | 349,272 | |
Barnwell Industries, Inc. (a) | 2,847 | 8,029 | |
Berry Petroleum Co. Class A | 38,847 | 2,096,184 | |
Bill Barrett Corp. (a)(d) | 29,806 | 871,229 | |
Bonanza Creek Energy, Inc. | 8,119 | 151,013 | |
BPZ Energy, Inc. (a) | 134,116 | 430,512 | |
Cabot Oil & Gas Corp. | 160,706 | 5,605,425 | |
Callon Petroleum Co. (a) | 31,499 | 222,383 | |
Carrizo Oil & Gas, Inc. (a)(d) | 24,378 | 686,728 | |
Cheniere Energy, Inc. (a) | 68,292 | 1,027,112 | |
Chesapeake Energy Corp. (d) | 523,796 | 13,094,900 | |
Chevron Corp. | 1,600,537 | 174,650,597 | |
Cimarex Energy Co. (d) | 62,545 | 5,045,505 | |
Clayton Williams Energy, Inc. (a)(d) | 7,754 | 685,066 | |
Clean Energy Fuels Corp. (a)(d) | 33,840 | 635,854 | |
Cloud Peak Energy, Inc. (a)(d) | 54,586 | 967,264 | |
Cobalt International Energy, Inc. (a)(d) | 125,251 | 3,765,045 | |
Comstock Resources, Inc. (a)(d) | 32,496 | 520,911 | |
Concho Resources, Inc. (a)(d) | 78,728 | 8,411,300 | |
ConocoPhillips | 985,485 | 75,438,877 | |
CONSOL Energy, Inc. (d) | 196,571 | 7,041,173 | |
Contango Oil & Gas Co. (a)(d) | 16,222 | 1,031,395 | |
Continental Resources, Inc. (a)(d) | 57,407 | 5,205,667 | |
Crimson Exploration, Inc. (a) | 12,416 | 38,614 | |
Crosstex Energy, Inc. (d) | 45,920 | 630,482 | |
CVR Energy, Inc. (a)(d) | 64,562 | 1,756,732 | |
Delek US Holdings, Inc. | 32,818 | 433,526 | |
Denbury Resources, Inc. (a)(d) | 301,228 | 5,997,449 | |
| |||
Shares | Value | ||
Devon Energy Corp. | 315,153 | $ 23,103,866 | |
DHT Holdings, Inc. | 59,972 | 66,569 | |
Double Eagle Petroleum Co. (a) | 1,282 | 8,705 | |
El Paso Corp. | 620,823 | 17,265,088 | |
Endeavour International Corp. (a)(d) | 23,917 | 276,720 | |
Energen Corp. | 50,746 | 2,701,210 | |
Energy Partners Ltd. (a) | 15,481 | 263,796 | |
EOG Resources, Inc. | 219,656 | 25,010,032 | |
EQT Corp. | 123,622 | 6,554,438 | |
Evolution Petroleum Corp. (a) | 6,950 | 64,496 | |
EXCO Resources, Inc. (d) | 115,116 | 820,777 | |
Exxon Mobil Corp. | 3,837,132 | 331,911,918 | |
Forest Oil Corp. (a)(d) | 81,222 | 1,050,200 | |
FX Energy, Inc. (a)(d) | 35,252 | 223,145 | |
Gasco Energy, Inc. (a) | 97,844 | 28,375 | |
Gastar Exploration Ltd. (a) | 36,342 | 104,302 | |
Georesources, Inc. (a) | 13,181 | 422,319 | |
Gevo, Inc. (a)(d) | 11,229 | 112,402 | |
GMX Resources, Inc. (a)(d) | 74,770 | 131,595 | |
Goodrich Petroleum Corp. (a)(d) | 33,339 | 531,090 | |
Green Plains Renewable Energy, Inc. (a)(d) | 14,190 | 161,057 | |
Gulfport Energy Corp. (a)(d) | 37,953 | 1,275,980 | |
Halcon Resources Corp. (a)(d) | 3,619 | 39,773 | |
Harvest Natural Resources, Inc. (a)(d) | 33,266 | 220,221 | |
Hess Corp. | 252,487 | 16,391,456 | |
HKN, Inc. (a) | 104 | 241 | |
HollyFrontier Corp. | 153,818 | 5,019,081 | |
Houston American Energy Corp. (a)(d) | 10,835 | 117,451 | |
Hyperdynamics Corp. (a)(d) | 125,930 | 171,265 | |
James River Coal Co. (a)(d) | 31,067 | 178,014 | |
Kinder Morgan Holding Co. LLC (d) | 105,230 | 3,708,305 | |
KiOR, Inc. Class A (d) | 6,909 | 60,108 | |
Kodiak Oil & Gas Corp. (a) | 185,027 | 1,792,912 | |
Laredo Petroleum Holdings, Inc. | 14,587 | 370,072 | |
Lucas Energy, Inc. (a)(d) | 9,400 | 27,542 | |
Magellan Petroleum Corp. (a) | 35,895 | 45,587 | |
Magnum Hunter Resources Corp. (d) | 70,308 | 486,531 | |
Magnum Hunter Resources Corp. warrants 10/14/13 (a)(d) | 4,197 | 0 | |
Marathon Oil Corp. | 590,579 | 20,014,722 | |
Marathon Petroleum Corp. | 293,451 | 12,192,889 | |
Matador Resources Co. | 10,890 | 129,155 | |
McMoRan Exploration Co. (a)(d) | 160,744 | 2,250,416 | |
Miller Energy Resources, Inc. (a)(d) | 6,846 | 28,753 | |
Murphy Oil Corp. | 146,942 | 9,395,471 | |
Newfield Exploration Co. (a) | 99,791 | 3,592,476 | |
Noble Energy, Inc. | 151,272 | 14,771,711 | |
Northern Oil & Gas, Inc. (a)(d) | 45,133 | 1,070,103 | |
Oasis Petroleum, Inc. (a) | 46,478 | 1,490,549 | |
Occidental Petroleum Corp. | 647,508 | 67,580,410 | |
Overseas Shipholding Group, Inc. (d) | 23,729 | 210,002 | |
Pacific Ethanol, Inc. (a)(d) | 12,492 | 15,365 | |
Panhandle Royalty Co. Class A | 6,335 | 184,665 | |
Common Stocks - continued | |||
Shares | Value | ||
ENERGY - continued | |||
Oil, Gas & Consumable Fuels - continued | |||
Patriot Coal Corp. (a)(d) | 69,937 | $ 505,645 | |
Peabody Energy Corp. | 230,827 | 8,051,246 | |
Penn Virginia Corp. | 41,256 | 201,742 | |
Petroleum Development Corp. (a)(d) | 22,646 | 736,901 | |
Petroquest Energy, Inc. (a)(d) | 70,948 | 432,783 | |
Pioneer Natural Resources Co. (d) | 90,370 | 9,908,167 | |
Plains Exploration & Production Co. (a) | 139,377 | 6,142,344 | |
QEP Resources, Inc. | 129,536 | 4,422,359 | |
Quicksilver Resources, Inc. (a)(d) | 93,566 | 518,356 | |
Range Resources Corp. | 123,664 | 7,874,924 | |
Recovery Energy, Inc. (a) | 5,171 | 21,408 | |
Renewable Energy Group, Inc. | 5,623 | 53,812 | |
Rentech, Inc. (a) | 169,556 | 301,810 | |
Resolute Energy Corp. (a) | 29,689 | 331,329 | |
Rex American Resources Corp. (a) | 3,020 | 92,623 | |
Rex Energy Corp. (a) | 32,188 | 370,162 | |
Rosetta Resources, Inc. (a)(d) | 38,625 | 1,971,420 | |
Royale Energy, Inc. (a)(d) | 5,368 | 33,121 | |
Sanchez Energy Corp. | 7,390 | 176,843 | |
SandRidge Energy, Inc. (a)(d) | 276,761 | 2,399,518 | |
Saratoga Resources, Inc. (a) | 12,254 | 81,489 | |
SemGroup Corp. Class A (a) | 25,511 | 723,747 | |
Ship Finance International Ltd. (NY Shares) (d) | 31,210 | 428,513 | |
SM Energy Co. | 62,332 | 4,906,775 | |
SMF Energy Corp. | 4,165 | 15,119 | |
Solazyme, Inc. (d) | 17,729 | 244,306 | |
Southern Union Co. | 86,373 | 3,795,230 | |
Southwestern Energy Co. (a)(d) | 311,067 | 10,283,875 | |
Spectra Energy Corp. | 539,426 | 16,927,188 | |
Stone Energy Corp. (a)(d) | 34,932 | 1,116,077 | |
Sunoco, Inc. | 85,182 | 3,290,581 | |
Swift Energy Co. (a)(d) | 28,396 | 852,732 | |
Synergy Resources Corp. (a) | 19,735 | 67,888 | |
Syntroleum Corp. (a)(d) | 24,702 | 30,630 | |
Targa Resources Corp. | 22,682 | 1,007,761 | |
Teekay Corp. (d) | 33,173 | 955,382 | |
Tesoro Corp. (a)(d) | 104,321 | 2,767,636 | |
Ultra Petroleum Corp. (a)(d) | 143,182 | 3,573,823 | |
Uranium Energy Corp. (a)(d) | 54,945 | 206,044 | |
Uranium Resources, Inc. (a)(d) | 182,289 | 174,997 | |
USEC, Inc. (a)(d) | 83,065 | 111,307 | |
Vaalco Energy, Inc. (a)(d) | 68,248 | 538,477 | |
Valero Energy Corp. (d) | 446,841 | 10,943,136 | |
Venoco, Inc. (a) | 17,373 | 189,366 | |
Verenium Corp. (a) | 522 | 1,472 | |
Voyager Oil & Gas, Inc. (a) | 11,615 | 37,633 | |
W&T Offshore, Inc. | 37,319 | 942,305 | |
Warren Resources, Inc. (a)(d) | 48,923 | 190,800 | |
Western Refining, Inc. | 40,348 | 732,316 | |
Westmoreland Coal Co. (a) | 6,050 | 63,586 | |
| |||
Shares | Value | ||
Whiting Petroleum Corp. (a)(d) | 87,846 | $ 5,151,289 | |
Williams Companies, Inc. | 481,586 | 14,389,790 | |
World Fuel Services Corp. (d) | 48,766 | 2,031,592 | |
WPX Energy, Inc. | 146,535 | 2,661,076 | |
ZaZa Energy Corp. (a)(d) | 19,430 | 76,166 | |
Zion Oil & Gas, Inc. (a) | 8,166 | 22,293 | |
| 1,097,685,102 | ||
TOTAL ENERGY | 1,359,179,677 | ||
FINANCIALS - 15.2% | |||
Capital Markets - 1.8% | |||
Affiliated Managers Group, Inc. (a) | 37,232 | 3,961,112 | |
Ameriprise Financial, Inc. | 181,426 | 10,116,314 | |
Arlington Asset Investment Corp. | 9,211 | 212,774 | |
Artio Global Investors, Inc. Class A (d) | 27,717 | 132,764 | |
Bank of New York Mellon Corp. | 999,669 | 22,102,682 | |
BGC Partners, Inc. Class A | 92,324 | 649,038 | |
BlackRock, Inc. Class A | 81,680 | 16,254,320 | |
Calamos Asset Management, Inc. Class A | 22,184 | 271,976 | |
Charles Schwab Corp. | 880,911 | 12,227,045 | |
CIFI Corp. (a) | 3,896 | 20,415 | |
Cohen & Steers, Inc. (d) | 17,375 | 572,333 | |
Cowen Group, Inc. Class A (a) | 80,174 | 224,487 | |
Diamond Hill Investment Group, Inc. | 308 | 23,359 | |
Duff & Phelps Corp. Class A | 16,165 | 222,430 | |
E*TRADE Financial Corp. (a) | 185,916 | 1,790,371 | |
Eaton Vance Corp. (non-vtg.) (d) | 83,276 | 2,399,182 | |
Edelman Financial Group, Inc. | 24,098 | 161,457 | |
Epoch Holding Corp. (d) | 7,185 | 179,266 | |
Evercore Partners, Inc. Class A | 15,573 | 423,430 | |
FBR Capital Markets Corp. (a) | 45,886 | 115,633 | |
Federated Investors, Inc. Class B (non-vtg.) (d) | 71,651 | 1,468,129 | |
Financial Engines, Inc. (a)(d) | 27,286 | 628,942 | |
Franklin Resources, Inc. | 126,452 | 14,907,426 | |
FXCM, Inc. Class A (d) | 35,893 | 339,548 | |
GAMCO Investors, Inc. Class A | 6,083 | 280,487 | |
GFI Group, Inc. | 69,449 | 266,684 | |
Gleacher & Co., Inc. (a) | 36,175 | 54,986 | |
Goldman Sachs Group, Inc. | 338,852 | 39,015,419 | |
Greenhill & Co., Inc. | 20,317 | 893,135 | |
HFF, Inc. (a) | 19,976 | 287,854 | |
ICG Group, Inc. (a) | 32,808 | 284,445 | |
Institutional Financial Markets, Inc. | 6,881 | 10,459 | |
INTL FCStone, Inc. (a)(d) | 11,151 | 252,570 | |
Invesco Ltd. | 388,589 | 9,625,350 | |
Investment Technology Group, Inc. (a)(d) | 30,988 | 356,362 | |
Janus Capital Group, Inc. (d) | 134,316 | 1,184,667 | |
Jefferies Group, Inc. | 106,987 | 1,788,823 | |
JMP Group, Inc. | 11,989 | 85,362 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Capital Markets - continued | |||
KBW, Inc. | 24,195 | $ 399,943 | |
Knight Capital Group, Inc. Class A (a)(d) | 70,305 | 931,541 | |
Ladenburg Thalmann Financial Services, Inc. (a)(d) | 32,105 | 65,173 | |
Legg Mason, Inc. | 140,686 | 3,853,390 | |
LPL Investment Holdings, Inc. (a) | 22,392 | 763,567 | |
Medallion Financial Corp. | 4,309 | 47,184 | |
Morgan Stanley | 1,105,371 | 20,493,578 | |
Northern Trust Corp. | 166,504 | 7,394,443 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,844 | 114,569 | |
Penson Worldwide, Inc. (a)(d) | 19,665 | 25,171 | |
Piper Jaffray Companies (a)(d) | 20,940 | 514,705 | |
Raymond James Financial, Inc. | 71,252 | 2,520,183 | |
Safeguard Scientifics, Inc. (a)(d) | 26,745 | 452,258 | |
SEI Investments Co. | 105,344 | 2,080,544 | |
State Street Corp. | 409,637 | 17,298,971 | |
Stifel Financial Corp. (a)(d) | 38,055 | 1,428,204 | |
SWS Group, Inc. | 24,189 | 135,217 | |
T. Rowe Price Group, Inc. | 196,242 | 12,086,545 | |
TD Ameritrade Holding Corp. | 169,026 | 3,155,715 | |
Teton Advisors, Inc. (a) | 106 | 1,643 | |
U.S. Global Investments, Inc. Class A | 7,637 | 56,514 | |
Virtus Investment Partners, Inc. (a) | 3,888 | 309,252 | |
Waddell & Reed Financial, Inc. Class A (d) | 70,045 | 2,210,620 | |
Walter Investment Management Corp. | 18,710 | 381,310 | |
Westwood Holdings Group, Inc. | 1,868 | 72,366 | |
WisdomTree Investments, Inc. (a) | 49,507 | 350,510 | |
| 220,934,152 | ||
Commercial Banks - 3.0% | |||
1st Source Corp. (d) | 8,597 | 211,056 | |
1st United Bancorp, Inc. (a) | 20,464 | 120,738 | |
ACNB Corp. | 3,789 | 54,221 | |
Alliance Financial Corp. | 3,879 | 114,508 | |
American National Bankshares, Inc. | 2,748 | 58,395 | |
Ameris Bancorp (a)(d) | 20,460 | 235,699 | |
Ames National Corp. | 1,209 | 26,175 | |
Arrow Financial Corp. | 12,653 | 304,431 | |
Associated Banc-Corp. | 127,560 | 1,688,894 | |
BancFirst Corp. | 10,611 | 434,308 | |
Bancorp, Inc., Delaware (a) | 16,751 | 139,368 | |
BancorpSouth, Inc. | 61,827 | 732,032 | |
BancTrust Financial Group, Inc. (a) | 4,197 | 5,456 | |
Bank of Hawaii Corp. | 62,564 | 2,877,944 | |
Bank of Kentucky Financial Corp. | 1,699 | 42,186 | |
Bank of Marin Bancorp | 2,794 | 98,265 | |
Bank of the James Financial Group, Inc. (a) | 600 | 3,096 | |
Bank of the Ozarks, Inc. | 37,486 | 1,100,214 | |
Banner Bank | 13,068 | 269,331 | |
Bar Harbor Bankshares | 2,686 | 82,057 | |
| |||
Shares | Value | ||
BB&T Corp. | 568,836 | $ 16,638,453 | |
BBCN Bancorp, Inc. (a) | 52,596 | 539,109 | |
BCB Bancorp, Inc. (d) | 2,814 | 29,406 | |
BOK Financial Corp. | 36,579 | 1,963,561 | |
Boston Private Financial Holdings, Inc. (d) | 49,884 | 475,395 | |
Bridge Bancorp, Inc. | 540 | 10,832 | |
Bridge Capital Holdings (a) | 1,107 | 13,350 | |
Bryn Mawr Bank Corp. | 7,755 | 152,463 | |
BSB Bancorp, Inc. | 6,958 | 78,417 | |
Camden National Corp. | 1,850 | 65,398 | |
Capital City Bank Group, Inc. | 7,146 | 56,239 | |
CapitalSource, Inc. | 236,039 | 1,593,263 | |
Cardinal Financial Corp. | 11,113 | 119,465 | |
Cascade Bancorp (a)(d) | 4,186 | 24,279 | |
Cathay General Bancorp | 74,072 | 1,210,336 | |
Center Bancorp, Inc. | 6,904 | 66,347 | |
Centerstate Banks of Florida, Inc. | 6,387 | 44,709 | |
Central Pacific Financial Corp. (a)(d) | 20,164 | 279,070 | |
Century Bancorp, Inc. Class A (non-vtg.) | 686 | 16,985 | |
Chemical Financial Corp. | 26,904 | 593,502 | |
CIT Group, Inc. (a) | 177,243 | 7,215,563 | |
Citizens & Northern Corp. | 8,777 | 174,662 | |
Citizens Republic Bancorp, Inc. (a) | 26,148 | 357,966 | |
City Holding Co. | 22,173 | 759,869 | |
City National Corp. (d) | 34,413 | 1,617,411 | |
CNB Financial Corp., Pennsylvania | 6,683 | 103,587 | |
CoBiz, Inc. | 39,972 | 233,037 | |
Columbia Banking Systems, Inc. (d) | 29,815 | 630,587 | |
Comerica, Inc. | 150,887 | 4,479,835 | |
Commerce Bancshares, Inc. | 62,562 | 2,415,519 | |
Community Bank System, Inc. | 29,335 | 801,432 | |
Community Trust Bancorp, Inc. | 13,652 | 421,028 | |
Cullen/Frost Bankers, Inc. | 42,764 | 2,415,311 | |
CVB Financial Corp. | 75,043 | 808,213 | |
Eagle Bancorp, Inc., Maryland (a) | 8,538 | 132,424 | |
East West Bancorp, Inc. | 159,291 | 3,523,517 | |
Eastern Virginia Bankshares, Inc. (a) | 821 | 2,430 | |
Encore Bancshares, Inc. (a) | 960 | 13,920 | |
Enterprise Bancorp, Inc. | 803 | 12,728 | |
Enterprise Financial Services Corp. | 12,168 | 141,149 | |
Farmers National Banc Corp. | 14,652 | 82,051 | |
Fidelity Southern Corp. | 3,191 | 20,422 | |
Fifth Third Bancorp | 789,319 | 10,742,632 | |
Financial Institutions, Inc. | 12,700 | 207,772 | |
First Bancorp, North Carolina | 9,193 | 91,930 | |
First Bancorp, Puerto Rico (a)(d) | 31,060 | 120,202 | |
First Busey Corp. | 50,381 | 243,844 | |
First Citizen Bancshares, Inc. | 4,653 | 819,626 | |
First Commonwealth Financial Corp. (d) | 74,665 | 447,243 | |
First Community Bancshares, Inc. | 8,561 | 106,156 | |
First Connecticut Bancorp, Inc. | 11,897 | 153,471 | |
First Financial Bancorp, Ohio | 41,951 | 686,738 | |
First Financial Bankshares, Inc. (d) | 36,100 | 1,236,786 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
First Financial Corp., Indiana (d) | 8,837 | $ 282,696 | |
First Financial Service Corp. (a) | 2,521 | 7,815 | |
First Horizon National Corp. | 177,392 | 1,667,485 | |
First Interstate Bancsystem, Inc. | 16,000 | 217,600 | |
First M&F Corp. | 2,170 | 8,376 | |
First Merchants Corp. | 25,012 | 277,133 | |
First Midwest Bancorp, Inc., Delaware | 83,782 | 968,520 | |
First Niagara Financial Group, Inc. | 246,667 | 2,358,137 | |
First of Long Island Corp. | 1,768 | 45,862 | |
First Republic Bank (a) | 55,175 | 1,654,698 | |
First United Corp. (a) | 3,018 | 16,358 | |
FirstMerit Corp. | 79,130 | 1,270,037 | |
FNB Corp., Pennsylvania | 105,430 | 1,243,020 | |
FNB United Corp. (a)(d) | 490 | 7,335 | |
Fulton Financial Corp. | 148,647 | 1,456,741 | |
German American Bancorp, Inc. | 4,623 | 90,518 | |
Glacier Bancorp, Inc. | 63,024 | 869,731 | |
Great Southern Bancorp, Inc. | 6,815 | 150,066 | |
Green Bankshares, Inc. (a) | 6,941 | 9,995 | |
Guaranty Bancorp (a) | 13,950 | 22,181 | |
Hampton Roads Bankshares, Inc. (a)(d) | 18,252 | 47,455 | |
Hancock Holding Co. | 65,414 | 2,220,805 | |
Hanmi Financial Corp. (a) | 26,311 | 228,116 | |
Hawthorn Bancshares, Inc. | 1,384 | 9,896 | |
Heartland Financial USA, Inc. | 6,878 | 108,191 | |
Heritage Commerce Corp. (a)(d) | 14,712 | 77,238 | |
Heritage Financial Corp., Washington (d) | 12,768 | 171,091 | |
Heritage Oaks Bancorp (a) | 3,340 | 13,527 | |
Home Bancshares, Inc. | 25,101 | 632,545 | |
Horizon Bancorp Industries | 471 | 8,290 | |
Hudson Valley Holding Corp. | 14,551 | 237,472 | |
Huntington Bancshares, Inc. | 649,123 | 3,794,124 | |
IBERIABANK Corp. (d) | 22,592 | 1,198,280 | |
Independent Bank Corp. (a)(d) | 1,144 | 1,773 | |
Independent Bank Corp., Massachusetts (d) | 25,945 | 713,228 | |
International Bancshares Corp. | 41,513 | 787,917 | |
Intervest Bancshares Corp. Class A (a) | 6,160 | 20,944 | |
Investors Bancorp, Inc. (a) | 48,601 | 706,173 | |
KeyCorp | 879,084 | 7,120,580 | |
Lakeland Bancorp, Inc. | 9,026 | 81,776 | |
Lakeland Financial Corp. | 13,545 | 341,605 | |
M&T Bank Corp. | 96,545 | 7,880,003 | |
Macatawa Bank Corp. (a)(d) | 22,839 | 62,807 | |
MainSource Financial Group, Inc. | 13,271 | 134,568 | |
MB Financial, Inc. | 39,661 | 789,254 | |
MBT Financial Corp. (a) | 1,548 | 3,282 | |
Merchants Bancshares, Inc. | 4,373 | 121,788 | |
Metro Bancorp, Inc. (a) | 11,557 | 122,966 | |
Midsouth Bancorp, Inc. | 5,240 | 67,386 | |
National Bankshares, Inc. | 5,203 | 140,533 | |
| |||
Shares | Value | ||
National Penn Bancshares, Inc. (d) | 120,787 | $ 1,056,886 | |
NBT Bancorp, Inc. | 33,888 | 739,097 | |
NewBridge Bancorp (a) | 7,211 | 29,277 | |
North Valley Bancorp (a) | 849 | 8,881 | |
Northrim Bancorp, Inc. | 2,935 | 58,700 | |
Old National Bancorp, Indiana | 66,861 | 807,681 | |
Old Second Bancorp, Inc. (a)(d) | 18,605 | 22,326 | |
OmniAmerican Bancorp, Inc. (a) | 6,877 | 123,030 | |
Oriental Financial Group, Inc. (d) | 28,906 | 339,646 | |
Orrstown Financial Services, Inc. | 4,006 | 34,652 | |
Pacific Capital Bancorp NA (a) | 7,809 | 218,730 | |
Pacific Continental Corp. | 3,048 | 25,603 | |
Pacific Mercantile Bancorp (a) | 5,055 | 22,040 | |
Pacific Premier Bancorp, Inc. (a) | 35 | 263 | |
PacWest Bancorp | 32,508 | 707,699 | |
Palmetto Bancshares, Inc. (a) | 315 | 1,733 | |
Park National Corp. (d) | 10,514 | 723,784 | |
Park Sterling Corp. (a) | 122 | 555 | |
Penns Woods Bancorp, Inc. | 306 | 11,931 | |
Peoples Bancorp, Inc. | 3,334 | 53,911 | |
Peoples Financial Corp., Mississippi | 2,667 | 25,897 | |
Pinnacle Financial Partners, Inc. (a)(d) | 30,086 | 498,224 | |
PNC Financial Services Group, Inc. | 426,140 | 25,363,853 | |
Popular, Inc. (a) | 781,463 | 1,484,780 | |
Preferred Bank, Los Angeles (a) | 1,131 | 11,423 | |
Premier Financial Bancorp, Inc. (a) | 115 | 702 | |
Princeton National Bancorp, Inc. (a)(d) | 2,541 | 4,167 | |
PrivateBancorp, Inc. | 59,931 | 869,000 | |
Prosperity Bancshares, Inc. | 34,532 | 1,510,430 | |
Regions Financial Corp. | 944,773 | 5,441,892 | |
Renasant Corp. | 22,516 | 341,568 | |
Republic Bancorp, Inc., Kentucky Class A | 18,205 | 474,422 | |
Royal Bancshares of Pennsylvania, Inc. Class A (a) | 2,700 | 3,564 | |
S&T Bancorp, Inc. | 32,238 | 683,768 | |
S.Y. Bancorp, Inc. | 6,551 | 142,484 | |
Sandy Spring Bancorp, Inc. | 13,803 | 249,282 | |
SCBT Financial Corp. | 10,493 | 324,968 | |
Seacoast Banking Corp., Florida (a) | 25,630 | 47,416 | |
Shore Bancshares, Inc. | 2,958 | 18,251 | |
Sierra Bancorp | 3,618 | 33,286 | |
Signature Bank (a)(d) | 34,178 | 2,028,806 | |
Simmons First National Corp. Class A | 10,951 | 287,902 | |
Southside Bancshares, Inc. | 12,128 | 258,448 | |
Southwest Bancorp, Inc., Oklahoma (a) | 15,446 | 132,218 | |
State Bank Financial Corp. (a) | 21,939 | 356,289 | |
State Investors Bancorp, Inc. (a) | 2,013 | 22,425 | |
StellarOne Corp. | 11,962 | 139,118 | |
Sterling Bancorp, New York | 27,642 | 246,014 | |
Sterling Financial Corp., Washington (a) | 32,587 | 634,143 | |
Suffolk Bancorp (a) | 12,482 | 151,032 | |
Sun Bancorp, Inc., New Jersey (a) | 29,419 | 84,433 | |
SunTrust Banks, Inc. | 406,442 | 9,331,908 | |
Susquehanna Bancshares, Inc. (d) | 163,794 | 1,518,370 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Commercial Banks - continued | |||
SVB Financial Group (a)(d) | 37,929 | $ 2,248,431 | |
Synovus Financial Corp. | 628,901 | 1,333,270 | |
Taylor Capital Group, Inc. (a)(d) | 9,976 | 134,177 | |
TCF Financial Corp. (d) | 106,955 | 1,152,975 | |
Texas Capital Bancshares, Inc. (a)(d) | 44,486 | 1,507,631 | |
The First Bancorp, Inc. | 2,896 | 43,440 | |
TIB Financial Corp. (a) | 215 | 2,322 | |
Tompkins Financial Corp. (d) | 6,090 | 250,299 | |
TowneBank (d) | 18,053 | 233,245 | |
Trico Bancshares | 12,062 | 195,404 | |
Trustmark Corp. | 54,904 | 1,294,636 | |
U.S. Bancorp | 1,544,556 | 45,409,946 | |
UMB Financial Corp. | 25,089 | 1,044,957 | |
Umpqua Holdings Corp. (d) | 89,344 | 1,100,718 | |
Union/First Market Bankshares Corp. | 16,413 | 227,812 | |
United Bankshares, Inc., West Virginia | 35,646 | 1,043,715 | |
United Community Banks, Inc., Georgia (a) | 13,649 | 122,432 | |
Univest Corp. of Pennsylvania | 7,216 | 114,013 | |
Valley National Bancorp (d) | 175,665 | 2,197,569 | |
Virginia Commerce Bancorp, Inc. (a) | 37,552 | 315,437 | |
VIST Financial Corp. | 1,370 | 16,385 | |
Washington Banking Co., Oak Harbor | 5,615 | 71,254 | |
Washington Trust Bancorp, Inc. | 15,489 | 364,146 | |
Webster Financial Corp. (d) | 53,186 | 1,163,710 | |
Wellesley Bancorp, Inc. | 673 | 8,372 | |
Wells Fargo & Co. | 3,979,209 | 124,509,450 | |
WesBanco, Inc. | 18,333 | 357,494 | |
West Bancorp., Inc. | 1,202 | 11,575 | |
West Coast Bancorp (a) | 10,217 | 175,222 | |
Westamerica Bancorp. | 22,409 | 1,061,290 | |
Western Alliance Bancorp. (a)(d) | 48,403 | 394,000 | |
Wilshire Bancorp, Inc. (a)(d) | 41,540 | 180,284 | |
Wintrust Financial Corp. | 26,208 | 883,472 | |
Zions Bancorporation | 135,681 | 2,577,939 | |
| 363,709,861 | ||
Consumer Finance - 0.7% | |||
Advance America Cash Advance Centers, Inc. | 34,619 | 358,999 | |
American Express Co. | 815,889 | 43,152,369 | |
Capital One Financial Corp. | 380,834 | 19,270,200 | |
Cash America International, Inc. (d) | 21,391 | 992,115 | |
CompuCredit Holdings Corp. (a)(d) | 48,566 | 260,799 | |
Consumer Portfolio Services, Inc. (a) | 2,464 | 2,883 | |
Credit Acceptance Corp. (a)(d) | 6,852 | 659,574 | |
DFC Global Corp. (a) | 41,227 | 738,376 | |
Discover Financial Services | 420,798 | 12,628,148 | |
EZCORP, Inc. (non-vtg.) Class A (a) | 32,709 | 1,030,334 | |
First Cash Financial Services, Inc. (a)(d) | 20,351 | 860,033 | |
First Marblehead Corp. (a)(d) | 51,880 | 63,294 | |
Green Dot Corp. Class A (a) | 12,869 | 410,907 | |
| |||
Shares | Value | ||
Imperial Holdings, Inc. (a) | 16,708 | $ 41,770 | |
Nelnet, Inc. Class A | 22,213 | 586,867 | |
Netspend Holdings, Inc. (a) | 44,711 | 384,962 | |
SLM Corp. | 416,481 | 6,563,741 | |
World Acceptance Corp. (a)(d) | 15,268 | 969,823 | |
| 88,975,194 | ||
Diversified Financial Services - 2.6% | |||
Bank of America Corp. | 8,108,250 | 64,622,753 | |
CBOE Holdings, Inc. | 65,601 | 1,808,620 | |
Citigroup, Inc. | 2,316,107 | 77,172,685 | |
CME Group, Inc. | 51,156 | 14,809,150 | |
FX Alliance, Inc. | 4,330 | 58,585 | |
Gain Capital Holdings, Inc. | 15,735 | 82,451 | |
Interactive Brokers Group, Inc. | 35,966 | 570,421 | |
IntercontinentalExchange, Inc. (a) | 65,579 | 9,047,279 | |
JPMorgan Chase & Co. | 3,041,884 | 119,363,528 | |
Leucadia National Corp. | 154,061 | 4,389,198 | |
Life Partners Holdings, Inc. | 18,668 | 79,339 | |
MarketAxess Holdings, Inc. | 22,779 | 754,440 | |
Marlin Business Services Corp. (d) | 11,576 | 181,743 | |
MicroFinancial, Inc. | 86 | 578 | |
Moody's Corp. | 166,293 | 6,420,573 | |
MSCI, Inc. Class A (a)(d) | 85,736 | 3,033,340 | |
NewStar Financial, Inc. (a) | 17,193 | 169,523 | |
NYSE Euronext | 203,024 | 6,044,024 | |
PHH Corp. (a) | 45,131 | 614,684 | |
PICO Holdings, Inc. (a)(d) | 18,345 | 405,608 | |
Resource America, Inc. Class A | 2,362 | 14,054 | |
The NASDAQ Stock Market, Inc. (a) | 124,702 | 3,284,651 | |
Vector Capital Corp. rights | 4,280 | 0 | |
| 312,927,227 | ||
Insurance - 3.7% | |||
21st Century Holding Co. (a) | 1,278 | 4,256 | |
ACE Ltd. | 272,394 | 19,533,374 | |
AFLAC, Inc. | 366,712 | 17,327,142 | |
Alleghany Corp. (d) | 5,852 | 1,899,793 | |
Allied World Assurance Co. Holdings Ltd. | 28,043 | 1,849,997 | |
Allstate Corp. | 408,767 | 12,847,547 | |
American Equity Investment Life Holding Co. | 51,311 | 620,863 | |
American Financial Group, Inc. | 61,572 | 2,305,871 | |
American Independence Corp. (a) | 505 | 2,197 | |
American International Group, Inc. (a) | 368,556 | 10,769,206 | |
American National Insurance Co. | 10,418 | 751,138 | |
American Safety Insurance Group Ltd. (a) | 2,651 | 51,191 | |
Amerisafe, Inc. (a) | 23,043 | 519,850 | |
Amtrust Financial Services, Inc. (d) | 23,804 | 642,946 | |
Aon Corp. | 246,387 | 11,533,375 | |
Arch Capital Group Ltd. (a) | 93,082 | 3,448,688 | |
Argo Group International Holdings, Ltd. | 29,792 | 889,291 | |
Arthur J. Gallagher & Co. (d) | 115,693 | 3,947,445 | |
Aspen Insurance Holdings Ltd. | 52,278 | 1,386,935 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Insurance - continued | |||
Assurant, Inc. | 85,823 | $ 3,644,903 | |
Assured Guaranty Ltd. | 155,664 | 2,615,155 | |
Axis Capital Holdings Ltd. | 93,935 | 2,897,895 | |
Baldwin & Lyons, Inc. Class B | 5,084 | 106,967 | |
Berkshire Hathaway, Inc. Class B (a) | 1,523,175 | 119,493,079 | |
Brown & Brown, Inc. | 82,279 | 1,944,253 | |
Cincinnati Financial Corp. | 112,154 | 3,944,456 | |
Citizens, Inc. Class A (a)(d) | 16,628 | 177,587 | |
CNA Financial Corp. | 21,776 | 614,301 | |
CNO Financial Group, Inc. (a) | 165,388 | 1,227,179 | |
Crawford & Co. Class B | 10,464 | 46,042 | |
Delphi Financial Group, Inc. Class A | 47,148 | 2,100,915 | |
Donegal Group, Inc. Class A | 3,439 | 47,355 | |
eHealth, Inc. (a)(d) | 26,343 | 395,935 | |
EMC Insurance Group | 5,050 | 106,404 | |
Employers Holdings, Inc. | 36,335 | 628,232 | |
Endurance Specialty Holdings Ltd. | 33,058 | 1,271,411 | |
Enstar Group Ltd. (a)(d) | 9,122 | 884,652 | |
Erie Indemnity Co. Class A | 23,329 | 1,775,570 | |
Everest Re Group Ltd. | 35,638 | 3,130,798 | |
FBL Financial Group, Inc. Class A | 12,986 | 441,134 | |
Fidelity National Financial, Inc. Class A | 160,871 | 2,776,633 | |
First Acceptance Corp. (a) | 4,055 | 5,880 | |
First American Financial Corp. | 99,791 | 1,536,781 | |
Flagstone Reinsurance Holdings Ltd. | 25,303 | 200,400 | |
Fortegra Financial Corp. (a) | 10,670 | 74,263 | |
Genworth Financial, Inc. Class A (a) | 360,009 | 3,272,482 | |
Global Indemnity PLC (a) | 13,709 | 262,253 | |
Greenlight Capital Re, Ltd. (a)(d) | 17,063 | 401,834 | |
Hallmark Financial Services, Inc. (a) | 6,662 | 44,969 | |
Hanover Insurance Group, Inc. | 48,173 | 1,966,422 | |
Harleysville Group, Inc. (d) | 8,225 | 465,617 | |
Hartford Financial Services Group, Inc. | 337,025 | 6,979,788 | |
HCC Insurance Holdings, Inc. | 77,118 | 2,355,184 | |
Hilltop Holdings, Inc. (a) | 54,392 | 448,190 | |
Horace Mann Educators Corp. | 37,921 | 657,171 | |
Independence Holding Co. | 16,014 | 146,688 | |
Infinity Property & Casualty Corp. | 13,372 | 733,187 | |
Investors Title Co. | 1,086 | 49,065 | |
Kansas City Life Insurance Co. | 2,863 | 91,673 | |
Kemper Corp. | 35,842 | 1,025,798 | |
Lincoln National Corp. (d) | 231,248 | 5,744,200 | |
Loews Corp. | 301,087 | 11,784,545 | |
Maiden Holdings Ltd. | 73,970 | 639,841 | |
Markel Corp. (a) | 6,736 | 2,747,951 | |
Marsh & McLennan Companies, Inc. | 414,030 | 12,917,736 | |
MBIA, Inc. (a)(d) | 115,555 | 1,245,683 | |
Meadowbrook Insurance Group, Inc. | 46,791 | 445,450 | |
Mercury General Corp. | 16,938 | 726,301 | |
MetLife, Inc. | 667,419 | 25,729,002 | |
| |||
Shares | Value | ||
Montpelier Re Holdings Ltd. | 62,043 | $ 1,070,242 | |
National Financial Partners Corp. (a)(d) | 38,246 | 583,634 | |
National Interstate Corp. | 2,286 | 55,207 | |
National Security Group, Inc. | 1,586 | 14,433 | |
National Western Life Insurance Co. Class A | 1,306 | 177,303 | |
Navigators Group, Inc. (a) | 15,156 | 712,484 | |
Old Republic International Corp. | 178,199 | 1,935,241 | |
OneBeacon Insurance Group Ltd. | 20,572 | 313,723 | |
PartnerRe Ltd. | 49,442 | 3,136,600 | |
Phoenix Companies, Inc. (a)(d) | 61,343 | 126,980 | |
Platinum Underwriters Holdings Ltd. | 32,909 | 1,170,244 | |
Presidential Life Corp. | 17,026 | 184,221 | |
Primerica, Inc. | 37,863 | 947,332 | |
Principal Financial Group, Inc. | 266,275 | 7,365,167 | |
ProAssurance Corp. | 21,573 | 1,893,246 | |
Progressive Corp. | 507,847 | 10,878,083 | |
Protective Life Corp. (d) | 60,558 | 1,681,696 | |
Prudential Financial, Inc. | 388,075 | 23,734,667 | |
Reinsurance Group of America, Inc. | 67,424 | 3,888,342 | |
RenaissanceRe Holdings Ltd. | 38,496 | 2,770,172 | |
RLI Corp. | 13,036 | 913,302 | |
Safety Insurance Group, Inc. | 14,899 | 635,889 | |
SeaBright Insurance Holdings, Inc. | 38,085 | 311,535 | |
Selective Insurance Group, Inc. | 35,800 | 615,044 | |
StanCorp Financial Group, Inc. (d) | 37,431 | 1,488,257 | |
State Auto Financial Corp. | 6,222 | 86,984 | |
Stewart Information Services Corp. | 21,434 | 281,643 | |
Symetra Financial Corp. | 63,181 | 628,019 | |
The Chubb Corp. | 225,559 | 15,328,990 | |
The Travelers Companies, Inc. | 336,375 | 19,499,659 | |
Torchmark Corp. (d) | 96,240 | 4,661,866 | |
Tower Group, Inc. | 33,224 | 765,813 | |
Transatlantic Holdings, Inc. | 44,643 | 2,705,366 | |
Unico American Corp. (a) | 3,526 | 38,257 | |
United Fire Group, Inc. | 20,054 | 402,885 | |
Universal Insurance Holdings, Inc. | 15,547 | 62,654 | |
Unum Group | 265,385 | 6,117,124 | |
Validus Holdings Ltd. | 48,925 | 1,491,723 | |
W.R. Berkley Corp. (d) | 93,123 | 3,329,147 | |
White Mountains Insurance Group Ltd. | 5,455 | 2,706,880 | |
XL Group PLC Class A | 291,212 | 6,057,210 | |
| 454,067,579 | ||
Real Estate Investment Trusts - 3.1% | |||
Acadia Realty Trust (SBI) (d) | 40,453 | 857,199 | |
AG Mortgage Investment Trust, Inc. (d) | 8,651 | 172,328 | |
Agree Realty Corp. | 17,794 | 427,056 | |
Alexanders, Inc. (d) | 2,559 | 971,013 | |
Alexandria Real Estate Equities, Inc. | 48,539 | 3,479,761 | |
American Assets Trust, Inc. | 30,756 | 661,869 | |
American Campus Communities, Inc. (d) | 50,695 | 2,086,099 | |
American Capital Agency Corp. | 159,714 | 4,904,817 | |
American Capital Mortgage Investment Corp. (d) | 6,160 | 132,810 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
American Tower Corp. | 302,714 | $ 18,943,842 | |
Annaly Capital Management, Inc. (d) | 759,339 | 12,620,214 | |
Anworth Mortgage Asset Corp. | 125,333 | 814,665 | |
Apartment Investment & Management Co. Class A | 79,559 | 1,976,246 | |
Apollo Commercial Real Estate Finance, Inc. | 23,002 | 343,880 | |
Arbor Realty Trust, Inc. (a) | 23,842 | 114,442 | |
Armour Residential REIT, Inc. | 96,013 | 678,812 | |
Ashford Hospitality Trust, Inc. (d) | 69,895 | 589,914 | |
Associated Estates Realty Corp. (d) | 41,987 | 626,446 | |
AvalonBay Communities, Inc. (d) | 79,154 | 10,263,899 | |
BioMed Realty Trust, Inc. (d) | 115,007 | 2,118,429 | |
Boston Properties, Inc. | 110,386 | 11,209,698 | |
Brandywine Realty Trust (SBI) (d) | 116,242 | 1,256,576 | |
BRE Properties, Inc. | 50,669 | 2,453,900 | |
BRT Realty Trust (a) | 5,568 | 35,969 | |
Camden Property Trust (SBI) (d) | 53,660 | 3,326,920 | |
Campus Crest Communities, Inc. | 19,510 | 206,611 | |
Capital Trust, Inc. Class A (a) | 19,793 | 67,296 | |
CapLease, Inc. | 46,796 | 188,588 | |
Capstead Mortgage Corp. | 62,774 | 834,894 | |
CBL & Associates Properties, Inc. (d) | 105,320 | 1,856,792 | |
Cedar Shopping Centers, Inc. | 35,947 | 171,108 | |
Chatham Lodging Trust | 11,126 | 134,180 | |
Chesapeake Lodging Trust (d) | 21,838 | 385,004 | |
Chimera Investment Corp. | 1,176,306 | 3,611,259 | |
Cogdell Spencer, Inc. | 38,346 | 162,204 | |
Colonial Properties Trust (SBI) (d) | 73,570 | 1,509,656 | |
Colony Financial, Inc. | 21,335 | 355,868 | |
CommonWealth REIT | 67,934 | 1,263,572 | |
Coresite Realty Corp. | 15,524 | 331,437 | |
Corporate Office Properties Trust (SBI) (d) | 60,016 | 1,471,592 | |
Cousins Properties, Inc. (d) | 85,536 | 632,111 | |
Crexus Investment Corp. | 50,256 | 560,354 | |
CubeSmart | 77,898 | 878,689 | |
Cys Investments, Inc. (d) | 81,827 | 1,110,392 | |
DCT Industrial Trust, Inc. (d) | 159,549 | 903,047 | |
DDR Corp. | 184,424 | 2,605,911 | |
DiamondRock Hospitality Co. (d) | 119,310 | 1,188,328 | |
Digital Realty Trust, Inc. | 76,725 | 5,562,563 | |
Douglas Emmett, Inc. | 89,730 | 1,890,611 | |
Duke Realty LP | 198,989 | 2,761,967 | |
DuPont Fabros Technology, Inc. (d) | 42,941 | 983,349 | |
EastGroup Properties, Inc. (d) | 24,180 | 1,165,234 | |
Education Realty Trust, Inc. (d) | 62,872 | 646,324 | |
Entertainment Properties Trust (SBI) (d) | 60,495 | 2,752,523 | |
Equity Lifestyle Properties, Inc. (d) | 31,485 | 2,094,067 | |
Equity One, Inc. (d) | 40,590 | 772,022 | |
Equity Residential (SBI) | 234,055 | 13,315,389 | |
Essex Property Trust, Inc. (d) | 26,848 | 3,758,452 | |
| |||
Shares | Value | ||
Excel Trust, Inc. | 30,162 | $ 361,642 | |
Extra Space Storage, Inc. | 78,885 | 2,080,197 | |
Federal Realty Investment Trust (SBI) | 61,635 | 5,876,897 | |
FelCor Lodging Trust, Inc. (a) | 117,716 | 452,029 | |
First Industrial Realty Trust, Inc. (a) | 56,203 | 664,319 | |
First Potomac Realty Trust (d) | 52,713 | 697,393 | |
Franklin Street Properties Corp. (d) | 68,554 | 706,792 | |
General Growth Properties, Inc. | 364,744 | 5,934,385 | |
Getty Realty Corp. (d) | 23,628 | 401,676 | |
Gladstone Commercial Corp. | 7,566 | 135,204 | |
Glimcher Realty Trust | 104,869 | 1,038,203 | |
Government Properties Income Trust | 25,248 | 589,036 | |
Gramercy Capital Corp. (a) | 25,709 | 74,556 | |
Hatteras Financial Corp. | 62,065 | 1,767,611 | |
HCP, Inc. | 343,212 | 13,556,874 | |
Health Care REIT, Inc. | 150,000 | 8,166,000 | |
Healthcare Realty Trust, Inc. (d) | 51,018 | 1,054,542 | |
Hersha Hospitality Trust | 136,305 | 685,614 | |
Highwoods Properties, Inc. (SBI) | 48,585 | 1,554,720 | |
Home Properties, Inc. (d) | 35,000 | 2,017,050 | |
Hospitality Properties Trust (SBI) (d) | 90,003 | 2,225,774 | |
Host Hotels & Resorts, Inc. (d) | 541,818 | 8,549,888 | |
Hudson Pacific Properties, Inc. | 14,404 | 220,237 | |
Inland Real Estate Corp. | 58,987 | 511,417 | |
Invesco Mortgage Capital, Inc. | 96,602 | 1,654,792 | |
Investors Real Estate Trust (d) | 69,850 | 532,956 | |
iStar Financial, Inc. (a) | 71,516 | 504,188 | |
Kilroy Realty Corp. (d) | 54,084 | 2,371,043 | |
Kimco Realty Corp. (d) | 343,109 | 6,306,343 | |
Kite Realty Group Trust | 30,457 | 149,544 | |
LaSalle Hotel Properties (SBI) | 60,809 | 1,622,384 | |
Lexington Corporate Properties Trust | 108,388 | 937,556 | |
Liberty Property Trust (SBI) (d) | 90,608 | 3,073,423 | |
LTC Properties, Inc. | 26,907 | 830,350 | |
Mack-Cali Realty Corp. | 59,265 | 1,694,979 | |
Medical Properties Trust, Inc. | 87,853 | 853,931 | |
MFA Financial, Inc. | 290,341 | 2,119,489 | |
Mid-America Apartment Communities, Inc. | 25,121 | 1,566,797 | |
Mission West Properties, Inc. (d) | 38,129 | 381,290 | |
Monmouth Real Estate Investment Corp. Class A | 12,122 | 113,462 | |
MPG Office Trust, Inc. (a)(d) | 84,174 | 188,550 | |
National Health Investors, Inc. | 21,683 | 1,021,920 | |
National Retail Properties, Inc. | 63,779 | 1,699,710 | |
New York Mortgage Trust, Inc. (d) | 3,129 | 22,216 | |
NorthStar Realty Finance Corp. | 91,257 | 487,312 | |
Omega Healthcare Investors, Inc. (d) | 72,226 | 1,471,244 | |
One Liberty Properties, Inc. | 11,261 | 196,842 | |
Parkway Properties, Inc. | 29,977 | 299,470 | |
Pebblebrook Hotel Trust | 35,559 | 762,029 | |
Pennsylvania Real Estate Investment Trust (SBI) | 54,751 | 734,758 | |
Pennymac Mortgage Investment Trust | 24,225 | 436,050 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Real Estate Investment Trusts - continued | |||
Piedmont Office Realty Trust, Inc. Class A (d) | 148,914 | $ 2,623,865 | |
Plum Creek Timber Co., Inc. | 155,723 | 6,098,113 | |
PMC Commercial Trust | 8,500 | 61,455 | |
Post Properties, Inc. | 41,888 | 1,829,249 | |
Potlatch Corp. (d) | 27,984 | 862,467 | |
Prologis, Inc. | 391,545 | 13,179,405 | |
PS Business Parks, Inc. | 16,465 | 1,027,745 | |
Public Storage | 111,267 | 14,917,567 | |
RAIT Financial Trust | 28,885 | 153,091 | |
Ramco-Gershenson Properties Trust (SBI) | 23,549 | 260,687 | |
Rayonier, Inc. (d) | 86,770 | 3,863,000 | |
Realty Income Corp. | 100,000 | 3,689,000 | |
Redwood Trust, Inc. | 60,890 | 704,497 | |
Regency Centers Corp. (d) | 90,033 | 3,852,512 | |
Resource Capital Corp. | 43,562 | 251,353 | |
Retail Opportunity Investments Corp. | 20,294 | 236,019 | |
RLJ Lodging Trust | 47,820 | 837,806 | |
Rouse Properties, Inc. (a) | 13,681 | 200,153 | |
Rouse Properties, Inc. rights 3/16/12 (a) | 13,681 | 0 | |
Sabra Health Care REIT, Inc. | 44,632 | 637,345 | |
Saul Centers, Inc. | 11,025 | 417,407 | |
Senior Housing Properties Trust (SBI) | 111,115 | 2,377,861 | |
Simon Property Group, Inc. | 237,530 | 32,180,564 | |
SL Green Realty Corp. | 78,146 | 5,943,003 | |
Sovran Self Storage, Inc. (d) | 21,775 | 1,034,530 | |
Stag Industrial, Inc. | 9,543 | 117,283 | |
Starwood Property Trust, Inc. | 73,060 | 1,442,204 | |
Strategic Hotel & Resorts, Inc. (a) | 120,853 | 752,914 | |
Summit Hotel Properties, Inc. | 27,924 | 257,180 | |
Sun Communities, Inc. (d) | 36,167 | 1,496,952 | |
Sunstone Hotel Investors, Inc. (a)(d) | 81,015 | 727,515 | |
Tanger Factory Outlet Centers, Inc. | 57,882 | 1,694,785 | |
Taubman Centers, Inc. (d) | 39,924 | 2,757,551 | |
Terreno Realty Corp. | 10,962 | 155,880 | |
The Macerich Co. (d) | 107,006 | 5,777,254 | |
Two Harbors Investment Corp. | 135,657 | 1,394,554 | |
UDR, Inc. | 154,946 | 3,876,749 | |
UMH Properties, Inc. | 4,692 | 47,389 | |
Universal Health Realty Income Trust (SBI) | 13,491 | 509,825 | |
Urstadt Biddle Properties, Inc. | 314 | 5,831 | |
Urstadt Biddle Properties, Inc. Class A | 26,585 | 505,647 | |
Ventas, Inc. | 223,719 | 12,510,366 | |
Vornado Realty Trust | 139,847 | 11,429,695 | |
Washington (REIT) (SBI) | 44,091 | 1,305,975 | |
Weingarten Realty Investors (SBI) | 85,028 | 2,117,197 | |
Weyerhaeuser Co. | 408,182 | 8,526,922 | |
Whitestone REIT Class B | 1,800 | 23,292 | |
Winthrop Realty Trust | 18,504 | 210,761 | |
| 383,435,297 | ||
| |||
Shares | Value | ||
Real Estate Management & Development - 0.1% | |||
American Realty Capital Properties, Inc. | 5,970 | $ 67,461 | |
AV Homes, Inc. (a) | 6,188 | 64,788 | |
Brookfield Properties Corp. | 194,536 | 3,379,047 | |
CBRE Group, Inc. (a) | 220,257 | 4,037,311 | |
Consolidated-Tomoka Land Co. | 2,432 | 72,620 | |
Forest City Enterprises, Inc. Class A (a)(d) | 95,968 | 1,403,052 | |
Forestar Group, Inc. (a)(d) | 31,999 | 502,064 | |
Howard Hughes Corp. (a) | 21,592 | 1,199,436 | |
Jones Lang LaSalle, Inc. (d) | 31,527 | 2,566,613 | |
Kennedy-Wilson Holdings, Inc. | 25,602 | 346,139 | |
Maui Land & Pineapple, Inc. (a) | 31,310 | 116,786 | |
Tejon Ranch Co. (a)(d) | 11,342 | 331,413 | |
The St. Joe Co. (a)(d) | 64,020 | 1,031,362 | |
Thomas Properties Group, Inc. | 14,816 | 63,709 | |
Transcontinental Realty Investors, Inc. (a) | 20,697 | 44,706 | |
| 15,226,507 | ||
Thrifts & Mortgage Finance - 0.2% | |||
Alliance Bancorp, Inc. of Pennsylvania | 1,065 | 12,024 | |
Apollo Residential Mortgage, Inc. | 12,502 | 224,161 | |
ASB Bancorp, Inc. | 4,145 | 49,947 | |
Astoria Financial Corp. (d) | 69,632 | 611,369 | |
Bank Mutual Corp. | 56,001 | 220,084 | |
BankAtlantic Bancorp, Inc. Class A (a)(d) | 14,545 | 31,999 | |
BankFinancial Corp. | 8,862 | 50,070 | |
BankUnited, Inc. | 38,231 | 880,460 | |
BCSB Bancorp, Inc. (a) | 94 | 1,204 | |
Beneficial Mutual Bancorp, Inc. (a) | 34,804 | 315,672 | |
Berkshire Hills Bancorp, Inc. (d) | 12,304 | 270,565 | |
BofI Holding, Inc. (a) | 11,427 | 187,289 | |
Brookline Bancorp, Inc., Delaware | 86,924 | 797,962 | |
Camco Financial Corp. (a) | 347 | 791 | |
Cape Bancorp, Inc. (a) | 2,611 | 21,045 | |
Capitol Federal Financial, Inc. | 122,267 | 1,429,301 | |
CFS Bancorp, Inc. | 688 | 3,846 | |
Charter Financial Corp., Georgia | 1,200 | 11,592 | |
Chicopee Bancorp, Inc. (a) | 1,816 | 26,259 | |
Citizens South Banking Corp., Delaware | 4,022 | 17,496 | |
Clifton Savings Bancorp, Inc. | 14,989 | 147,342 | |
Dime Community Bancshares, Inc. | 51,879 | 722,156 | |
Doral Financial Corp. (a) | 159,443 | 223,220 | |
ESB Financial Corp. (d) | 7,915 | 100,916 | |
ESSA Bancorp, Inc. | 4,298 | 41,347 | |
Farmer Mac Class C (non-vtg.) | 8,894 | 177,524 | |
First Defiance Financial Corp. | 6,145 | 96,108 | |
First Financial Holdings, Inc. | 6,172 | 60,239 | |
First Financial Northwest, Inc. (a)(d) | 2,197 | 16,192 | |
First PacTrust Bancorp, Inc. | 4,303 | 50,431 | |
Flagstar Bancorp, Inc. (a) | 372,060 | 268,218 | |
Flushing Financial Corp. | 37,878 | 490,520 | |
Fox Chase Bancorp, Inc. | 14,307 | 178,981 | |
Franklin Financial Corp./VA (a) | 8,632 | 116,446 | |
Guaranty Federal Bancshares, Inc. (a) | 924 | 7,069 | |
Common Stocks - continued | |||
Shares | Value | ||
FINANCIALS - continued | |||
Thrifts & Mortgage Finance - continued | |||
HF Financial Corp. | 2,735 | $ 31,480 | |
Hingham Institution for Savings | 1,505 | 78,335 | |
Home Federal Bancorp, Inc. | 1,628 | 16,329 | |
Hudson City Bancorp, Inc. | 361,714 | 2,477,741 | |
IF Bancorp, Inc. (a) | 3,112 | 35,570 | |
Indiana Community Bancorp | 2,264 | 48,902 | |
Kaiser Federal Financial Group, Inc. | 8,188 | 110,620 | |
Kearny Financial Corp. | 2,196 | 20,489 | |
Meridian Interstate Bancorp, Inc. (a) | 750 | 9,698 | |
MGIC Investment Corp. (a)(d) | 129,823 | 585,502 | |
NASB Financial, Inc. (a) | 1,203 | 16,686 | |
New York Community Bancorp, Inc. | 334,923 | 4,357,348 | |
Northfield Bancorp, Inc. (d) | 9,876 | 136,091 | |
Northwest Bancshares, Inc. | 92,094 | 1,162,226 | |
OceanFirst Financial Corp. | 5,851 | 80,334 | |
Ocwen Financial Corp. (a)(d) | 74,000 | 1,192,140 | |
Oritani Financial Corp. | 26,763 | 348,722 | |
People's United Financial, Inc. | 298,743 | 3,761,174 | |
Peoples Federal Bancshares, Inc. (a) | 1,156 | 18,265 | |
Poage Bankshares, Inc. | 2,365 | 27,316 | |
Provident Financial Holdings, Inc. | 1,385 | 14,279 | |
Provident Financial Services, Inc. | 56,391 | 774,812 | |
Provident New York Bancorp | 44,223 | 377,222 | |
PVF Capital Corp. (a) | 11,916 | 20,376 | |
Radian Group, Inc. (d) | 84,170 | 319,004 | |
Riverview Bancorp, Inc. (a) | 6,875 | 15,538 | |
Rockville Financial, Inc. | 5,182 | 59,852 | |
Teche Holding Co. | 130 | 4,863 | |
Territorial Bancorp, Inc. | 11,189 | 234,969 | |
TF Financial Corp. | 1,705 | 42,045 | |
TFS Financial Corp. (a) | 120,727 | 1,128,797 | |
Timberland Bancorp, Inc. (a) | 5,034 | 21,143 | |
Tree.com, Inc. (a) | 3,275 | 25,021 | |
Trustco Bank Corp., New York | 73,043 | 391,510 | |
United Community Financial Corp., Ohio (a) | 11,112 | 15,001 | |
United Financial Bancorp, Inc. | 3,272 | 51,861 | |
ViewPoint Financial Group | 24,223 | 363,103 | |
Walker & Dunlop, Inc. (a) | 10,954 | 136,377 | |
Washington Federal, Inc. | 81,888 | 1,326,586 | |
Westfield Financial, Inc. | 28,907 | 229,233 | |
WSFS Financial Corp. | 10,396 | 400,142 | |
| 28,326,547 | ||
TOTAL FINANCIALS | 1,867,602,364 | ||
HEALTH CARE - 11.3% | |||
Biotechnology - 1.7% | |||
Aastrom Biosciences, Inc. (a)(d) | 78,454 | 140,433 | |
Acadia Pharmaceuticals, Inc. (a) | 28,029 | 46,808 | |
| |||
Shares | Value | ||
Achillion Pharmaceuticals, Inc. (a) | 28,628 | $ 300,594 | |
Acorda Therapeutics, Inc. (a) | 26,790 | 700,826 | |
ADVENTRX Pharmaceuticals, Inc. (a)(d) | 13,759 | 9,095 | |
Aegerion Pharmaceuticals, Inc. (a)(d) | 17,880 | 299,132 | |
Affymax, Inc. (a)(d) | 66,177 | 675,667 | |
Agenus, Inc. (a) | 772 | 2,463 | |
Alexion Pharmaceuticals, Inc. (a)(d) | 154,733 | 12,955,794 | |
Alkermes PLC (a) | 65,333 | 1,150,514 | |
Allos Therapeutics, Inc. (a) | 74,291 | 110,694 | |
Alnylam Pharmaceuticals, Inc. (a)(d) | 34,904 | 465,619 | |
AMAG Pharmaceuticals, Inc. (a) | 31,420 | 496,750 | |
Amgen, Inc. | 713,793 | 48,502,234 | |
Amicus Therapeutics, Inc. (a) | 6,651 | 39,773 | |
Amylin Pharmaceuticals, Inc. (a)(d) | 94,456 | 1,614,253 | |
Anacor Pharmaceuticals, Inc. (a) | 8,597 | 51,066 | |
Anthera Pharmaceuticals, Inc. (a) | 12,186 | 80,671 | |
Ardea Biosciences, Inc. (a)(d) | 18,307 | 390,305 | |
Arena Pharmaceuticals, Inc. (a)(d) | 227,861 | 405,593 | |
ARIAD Pharmaceuticals, Inc. (a) | 95,029 | 1,362,716 | |
ArQule, Inc. (a)(d) | 52,890 | 375,519 | |
Array Biopharma, Inc. (a) | 101,050 | 283,951 | |
Astex Pharmaceuticals, Inc. (a)(d) | 46,939 | 85,898 | |
AVEO Pharmaceuticals, Inc. (a) | 29,278 | 381,785 | |
AVI BioPharma, Inc. (a)(d) | 273,083 | 284,006 | |
Avigen, Inc. rights (a) | 1,600 | 0 | |
BioCryst Pharmaceuticals, Inc. (a) | 40,934 | 190,752 | |
Biogen Idec, Inc. (a) | 191,924 | 22,353,388 | |
BioMarin Pharmaceutical, Inc. (a)(d) | 81,154 | 2,901,256 | |
BioMimetic Therapeutics, Inc. (a) | 29,891 | 62,173 | |
Biosante Pharmaceuticals, Inc. (a) | 72,515 | 56,025 | |
Biospecifics Technologies Corp. (a) | 1,441 | 24,958 | |
BioTime, Inc. (a)(d) | 32,076 | 160,059 | |
Cardium Therapeutics, Inc. (a)(d) | 185,107 | 53,366 | |
Cel-Sci Corp. (a)(d) | 283,400 | 106,417 | |
Celgene Corp. (a) | 380,085 | 27,869,733 | |
Cell Therapeutics, Inc. (a)(d) | 100,397 | 128,508 | |
Celldex Therapeutics, Inc. (a) | 29,641 | 112,339 | |
Celsion Corp. (a)(d) | 15,910 | 32,775 | |
Cepheid, Inc. (a)(d) | 45,758 | 1,848,166 | |
Chelsea Therapeutics International Ltd. (a)(d) | 75,408 | 278,256 | |
Cleveland Biolabs, Inc. (a)(d) | 16,887 | 61,975 | |
Codexis, Inc. (a) | 13,589 | 53,541 | |
Coronado Biosciences, Inc. (a)(d) | 10,731 | 81,770 | |
Cubist Pharmaceuticals, Inc. (a)(d) | 45,911 | 1,967,745 | |
Cubist Pharmaceuticals, Inc. rights (a) | 32,062 | 0 | |
Curis, Inc. (a)(d) | 51,867 | 233,920 | |
Cyclacel Pharmaceuticals, Inc. (a) | 80,707 | 58,109 | |
Cytokinetics, Inc. (a) | 59,298 | 61,077 | |
Cytori Therapeutics, Inc. (a)(d) | 69,588 | 226,161 | |
CytRx Corp. (a) | 180,289 | 62,019 | |
DARA BioSciences, Inc. (a)(d) | 8,510 | 14,212 | |
Dendreon Corp. (a)(d) | 107,274 | 1,207,905 | |
Discovery Laboratories, Inc. (a) | 218 | 778 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Biotechnology - continued | |||
DUSA Pharmaceuticals, Inc. (a) | 12,987 | $ 62,597 | |
Dyax Corp. (a) | 58,403 | 87,020 | |
Dynavax Technologies Corp. (a)(d) | 131,405 | 551,901 | |
Emergent BioSolutions, Inc. (a) | 18,513 | 282,694 | |
EntreMed, Inc. (a) | 289 | 598 | |
Enzon Pharmaceuticals, Inc. (a) | 43,430 | 307,050 | |
Exact Sciences Corp. (a)(d) | 46,309 | 434,842 | |
Exelixis, Inc. (a) | 97,894 | 556,038 | |
Galena Biopharma, Inc. (a)(d) | 31,096 | 33,273 | |
Genomic Health, Inc. (a)(d) | 12,051 | 351,648 | |
GenVec, Inc. (a) | 8,140 | 21,978 | |
Geron Corp. (a) | 79,136 | 158,272 | |
Gilead Sciences, Inc. (a) | 608,734 | 27,697,397 | |
GTx, Inc. (a)(d) | 12,895 | 44,617 | |
Halozyme Therapeutics, Inc. (a)(d) | 66,038 | 760,097 | |
Hemispherx Biopharma, Inc. (a)(d) | 81,533 | 25,031 | |
Horizon Pharma, Inc. (d) | 8,364 | 28,856 | |
Human Genome Sciences, Inc. (a)(d) | 139,644 | 1,100,395 | |
iBio, Inc. (a) | 40,361 | 32,688 | |
Idenix Pharmaceuticals, Inc. (a) | 52,224 | 614,676 | |
Idera Pharmaceuticals, Inc. (a) | 7,737 | 9,903 | |
ImmunoGen, Inc. (a)(d) | 57,844 | 796,512 | |
Immunomedics, Inc. (a)(d) | 54,782 | 195,024 | |
Incyte Corp. (a)(d) | 82,304 | 1,395,876 | |
Infinity Pharmaceuticals, Inc. (a)(d) | 4,048 | 32,991 | |
Inovio Pharmaceuticals, Inc. (a) | 47,000 | 27,260 | |
Insmed, Inc. (a)(d) | 6,880 | 29,309 | |
InterMune, Inc. (a) | 50,243 | 674,261 | |
Ironwood Pharmaceuticals, Inc. Class A (a)(d) | 35,334 | 473,122 | |
Isis Pharmaceuticals, Inc. (a)(d) | 64,197 | 584,835 | |
Keryx Biopharmaceuticals, Inc. (a)(d) | 66,082 | 219,392 | |
Lexicon Pharmaceuticals, Inc. (a)(d) | 133,677 | 227,251 | |
Ligand Pharmaceuticals, Inc. Class B (a) | 16,755 | 245,963 | |
MannKind Corp. (a) | 78,574 | 183,863 | |
Maxygen, Inc. (a) | 47,150 | 258,854 | |
Medivation, Inc. (a)(d) | 25,651 | 1,680,397 | |
Metabolix, Inc. (a)(d) | 41,636 | 114,499 | |
Micromet, Inc. (a)(d) | 75,077 | 825,096 | |
Momenta Pharmaceuticals, Inc. (a)(d) | 43,036 | 630,908 | |
Myrexis, Inc. (a) | 68,786 | 220,115 | |
Myriad Genetics, Inc. (a) | 62,451 | 1,511,314 | |
Nabi Biopharmaceuticals (a) | 35,088 | 65,615 | |
Nanosphere, Inc. (a) | 12,896 | 27,855 | |
Neurocrine Biosciences, Inc. (a) | 50,654 | 398,647 | |
NewLink Genetics Corp. | 4,366 | 36,936 | |
Novavax, Inc. (a)(d) | 79,584 | 101,072 | |
NPS Pharmaceuticals, Inc. (a)(d) | 67,196 | 458,277 | |
OncoGenex Pharmaceuticals, Inc. (a) | 5,100 | 81,498 | |
Oncothyreon, Inc. (a)(d) | 23,957 | 196,447 | |
ONYX Pharmaceuticals, Inc. (a)(d) | 47,108 | 1,805,179 | |
| |||
Shares | Value | ||
Opexa Therapeutics, Inc. (a) | 9,114 | $ 8,476 | |
Opko Health, Inc. (a)(d) | 104,761 | 517,519 | |
OREXIGEN Therapeutics, Inc. (a) | 34,059 | 133,511 | |
Osiris Therapeutics, Inc. (a)(d) | 18,170 | 94,847 | |
OXiGENE, Inc. (a)(d) | 6,714 | 7,721 | |
Oxygen Biotherapeutics, Inc. (a)(d) | 27,463 | 73,875 | |
PDL BioPharma, Inc. | 108,271 | 690,769 | |
Peregrine Pharmaceuticals, Inc. (a)(d) | 48,032 | 45,092 | |
Pharmacyclics, Inc. (a)(d) | 40,835 | 1,028,634 | |
PharmAthene, Inc. (a)(d) | 51,372 | 75,517 | |
Progenics Pharmaceuticals, Inc. (a)(d) | 25,311 | 246,782 | |
PROLOR Biotech, Inc. (a) | 33,237 | 191,777 | |
Raptor Pharmaceutical Corp. (a)(d) | 12,780 | 89,204 | |
Regeneron Pharmaceuticals, Inc. (a)(d) | 68,654 | 7,194,253 | |
Repligen Corp. (a) | 5,241 | 23,113 | |
Rexahn Pharmaceuticals, Inc. (a)(d) | 45,000 | 22,973 | |
Rigel Pharmaceuticals, Inc. (a)(d) | 61,503 | 615,030 | |
Sangamo Biosciences, Inc. (a)(d) | 37,246 | 196,286 | |
Savient Pharmaceuticals, Inc. (a)(d) | 88,045 | 176,970 | |
SciClone Pharmaceuticals, Inc. (a)(d) | 28,016 | 131,395 | |
Seattle Genetics, Inc. (a)(d) | 83,271 | 1,537,183 | |
SIGA Technologies, Inc. (a)(d) | 72,968 | 207,959 | |
Spectrum Pharmaceuticals, Inc. (a)(d) | 36,395 | 516,445 | |
StemCells, Inc. (a)(d) | 14,648 | 16,113 | |
Sunesis Pharmaceuticals, Inc. (a)(d) | 32,643 | 56,799 | |
Synageva BioPharma Corp. (a) | 4,180 | 155,998 | |
Synta Pharmaceuticals Corp. (a) | 30,128 | 144,012 | |
Targacept, Inc. (a) | 18,977 | 129,423 | |
Telik, Inc. (a) | 11,402 | 1,596 | |
Theravance, Inc. (a)(d) | 51,033 | 954,317 | |
Threshold Pharmaceuticals, Inc. (a) | 11,685 | 60,645 | |
Tranzyme, Inc. | 9,317 | 46,958 | |
Trius Therapeutics, Inc. (a) | 7,007 | 35,455 | |
United Therapeutics Corp. (a)(d) | 37,819 | 1,805,101 | |
Vanda Pharmaceuticals, Inc. (a) | 44,094 | 204,596 | |
Verastem, Inc. | 400 | 4,640 | |
Vertex Pharmaceuticals, Inc. (a) | 191,600 | 7,457,072 | |
Vical, Inc. (a)(d) | 65,666 | 210,131 | |
XOMA Corp. (a) | 33,778 | 51,005 | |
Zalicus, Inc. (a) | 67,670 | 67,670 | |
ZIOPHARM Oncology, Inc. (a)(d) | 79,220 | 388,970 | |
| 203,695,313 | ||
Health Care Equipment & Supplies - 1.9% | |||
Abaxis, Inc. (a)(d) | 23,291 | 618,609 | |
Abiomed, Inc. (a)(d) | 36,354 | 759,072 | |
Accuray, Inc. (a)(d) | 37,835 | 256,521 | |
Alere, Inc. (a) | 62,700 | 1,594,461 | |
Align Technology, Inc. (a)(d) | 92,669 | 2,373,253 | |
Alphatec Holdings, Inc. (a)(d) | 36,801 | 69,186 | |
Analogic Corp. (d) | 9,235 | 525,933 | |
Angiodynamics, Inc. (a)(d) | 26,377 | 343,429 | |
Anika Therapeutics, Inc. (a) | 4,090 | 46,462 | |
Antares Pharma, Inc. (a) | 25,935 | 65,356 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Equipment & Supplies - continued | |||
ArthroCare Corp. (a) | 20,678 | $ 539,696 | |
Atricure, Inc. (a) | 2,192 | 22,358 | |
Atrion Corp. | 530 | 109,180 | |
Bacterin International Holdings, Inc. (a) | 9,747 | 28,851 | |
Baxter International, Inc. | 469,167 | 27,272,678 | |
Becton, Dickinson & Co. | 163,254 | 12,443,220 | |
BioLase Technology, Inc. (d) | 23,962 | 65,177 | |
Boston Scientific Corp. (a) | 1,310,092 | 8,148,772 | |
BSD Medical Corp. (a)(d) | 46,363 | 101,535 | |
C. R. Bard, Inc. | 65,241 | 6,107,862 | |
Cantel Medical Corp. | 32,623 | 658,658 | |
Cardica, Inc. (a) | 23,778 | 48,032 | |
Cardiovascular Systems, Inc. (a)(d) | 5,726 | 51,820 | |
CareFusion Corp. (a) | 165,874 | 4,281,208 | |
Cerus Corp. (a)(d) | 38,690 | 145,474 | |
Conceptus, Inc. (a)(d) | 26,951 | 363,030 | |
CONMED Corp. | 19,521 | 582,507 | |
Covidien PLC | 384,638 | 20,097,336 | |
Cryolife, Inc. (a) | 20,961 | 114,237 | |
Cutera, Inc. (a) | 15,449 | 144,448 | |
Cyberonics, Inc. (a)(d) | 26,017 | 968,613 | |
Cynosure, Inc. Class A (a) | 6,957 | 123,765 | |
Delcath Systems, Inc. (a)(d) | 119,898 | 522,755 | |
DENTSPLY International, Inc. (d) | 140,521 | 5,435,352 | |
Derma Sciences, Inc. (a) | 2,779 | 24,372 | |
DexCom, Inc. (a)(d) | 65,323 | 704,835 | |
DynaVox, Inc. Class A (a) | 5,368 | 17,017 | |
Edwards Lifesciences Corp. (a)(d) | 102,152 | 7,470,376 | |
Endologix, Inc. (a)(d) | 30,670 | 405,764 | |
Exactech, Inc. (a)(d) | 3,102 | 49,291 | |
Fonar Corp. (a) | 719 | 1,438 | |
Gen-Probe, Inc. (a) | 34,362 | 2,346,237 | |
Genmark Diagnostics, Inc. (a) | 4,700 | 19,552 | |
Greatbatch, Inc. (a)(d) | 22,320 | 552,420 | |
Haemonetics Corp. (a)(d) | 17,372 | 1,164,445 | |
Hansen Medical, Inc. (a)(d) | 48,696 | 155,340 | |
Hill-Rom Holdings, Inc. | 45,276 | 1,538,026 | |
Hologic, Inc. (a) | 188,071 | 3,898,712 | |
ICU Medical, Inc. (a)(d) | 17,344 | 795,743 | |
IDEXX Laboratories, Inc. (a) | 44,087 | 3,780,460 | |
Insulet Corp. (a)(d) | 24,061 | 474,483 | |
Integra LifeSciences Holdings Corp. (a)(d) | 14,197 | 448,625 | |
Intuitive Surgical, Inc. (a) | 32,467 | 16,610,767 | |
Invacare Corp. | 28,414 | 469,115 | |
IRIS International, Inc. (a) | 20,459 | 228,527 | |
IVAX Diagnostics, Inc. (a) | 3,094 | 1,547 | |
Kensey Nash Corp. | 22,159 | 500,350 | |
Kewaunee Scientific Corp. | 1,376 | 11,380 | |
LeMaitre Vascular, Inc. | 3,845 | 21,532 | |
Mako Surgical Corp. (a)(d) | 32,106 | 1,255,345 | |
Masimo Corp. (a)(d) | 36,398 | 793,476 | |
| |||
Shares | Value | ||
Medical Action Industries, Inc. (a) | 12,909 | $ 69,967 | |
Medtronic, Inc. | 850,420 | 32,418,010 | |
MELA Sciences, Inc. (a)(d) | 32,214 | 148,829 | |
Meridian Bioscience, Inc. (d) | 35,455 | 638,899 | |
Merit Medical Systems, Inc. (a) | 29,543 | 369,878 | |
Misonix, Inc. (a) | 2,579 | 5,106 | |
Natus Medical, Inc. (a) | 24,629 | 257,866 | |
Navidea Biopharmaceuticals, Inc. (a)(d) | 114,446 | 343,338 | |
Neogen Corp. (a)(d) | 25,237 | 875,724 | |
NuVasive, Inc. (a) | 28,061 | 440,277 | |
NxStage Medical, Inc. (a)(d) | 42,830 | 856,600 | |
OraSure Technologies, Inc. (a) | 22,681 | 227,490 | |
Orthofix International NV (a) | 16,427 | 644,103 | |
Palomar Medical Technologies, Inc. (a) | 15,820 | 174,653 | |
Quidel Corp. (a)(d) | 34,466 | 488,728 | |
ResMed, Inc. (a)(d) | 157,117 | 4,603,528 | |
Retractable Technologies, Inc. (a) | 5,248 | 6,298 | |
Rockwell Medical Technologies, Inc. (a) | 2,069 | 19,635 | |
RTI Biologics, Inc. (a) | 29,474 | 109,054 | |
Sirona Dental Systems, Inc. (a) | 39,958 | 1,993,904 | |
Solta Medical, Inc. (a) | 20,912 | 59,390 | |
SonoSite, Inc. (a) | 19,011 | 1,025,073 | |
St. Jude Medical, Inc. | 262,641 | 11,062,439 | |
Staar Surgical Co. (a)(d) | 15,788 | 164,669 | |
Stereotaxis, Inc. (a)(d) | 24,530 | 18,765 | |
Steris Corp. | 36,700 | 1,151,646 | |
Stryker Corp. | 227,565 | 12,206,587 | |
SurModics, Inc. (a) | 19,525 | 277,255 | |
Symmetry Medical, Inc. (a) | 29,367 | 212,617 | |
Synergetics USA, Inc. (a) | 3,622 | 22,819 | |
Teleflex, Inc. | 29,057 | 1,722,208 | |
The Cooper Companies, Inc. | 33,711 | 2,679,350 | |
The Spectranetics Corp. (a) | 29,169 | 226,351 | |
Theragenics Corp. (a) | 1,117 | 1,776 | |
ThermoGenesis Corp. (a)(d) | 15,844 | 16,002 | |
Thoratec Corp. (a)(d) | 42,041 | 1,450,415 | |
Unilife Corp. (a)(d) | 50,575 | 187,633 | |
Urologix, Inc. (a)(d) | 3,267 | 4,508 | |
Uroplasty, Inc. (a) | 1,597 | 4,408 | |
Varian Medical Systems, Inc. (a)(d) | 87,245 | 5,692,736 | |
Vascular Solutions, Inc. (a) | 2,125 | 22,291 | |
Vermillion, Inc. (a) | 5,249 | 6,929 | |
Volcano Corp. (a)(d) | 37,240 | 1,043,837 | |
West Pharmaceutical Services, Inc. (d) | 23,198 | 965,037 | |
Wright Medical Group, Inc. (a)(d) | 29,686 | 491,600 | |
Young Innovations, Inc. | 2,156 | 65,219 | |
Zeltiq Aesthetics, Inc. (d) | 6,038 | 66,901 | |
Zimmer Holdings, Inc. | 143,847 | 8,738,705 | |
Zoll Medical Corp. (a)(d) | 18,652 | 1,364,394 | |
| 234,411,468 | ||
Health Care Providers & Services - 2.2% | |||
Acadia Healthcare Co., Inc. (a) | 2,518 | 35,227 | |
Accretive Health, Inc. (a)(d) | 27,886 | 724,757 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Providers & Services - continued | |||
Aetna, Inc. | 286,858 | $ 13,413,480 | |
Air Methods Corp. (a)(d) | 12,386 | 1,117,589 | |
Alliance Healthcare Services, Inc. (a)(d) | 85,702 | 116,555 | |
Almost Family, Inc. (a)(d) | 9,932 | 227,244 | |
Amedisys, Inc. (a)(d) | 19,251 | 247,375 | |
AMERIGROUP Corp. (a)(d) | 35,313 | 2,398,812 | |
AmerisourceBergen Corp. | 233,877 | 8,735,306 | |
AMN Healthcare Services, Inc. (a) | 51,175 | 273,275 | |
AmSurg Corp. (a) | 25,500 | 666,315 | |
Assisted Living Concepts, Inc. Class A | 16,849 | 270,426 | |
Bio-Reference Laboratories, Inc. (a)(d) | 31,917 | 642,808 | |
BioScrip, Inc. (a)(d) | 41,738 | 264,619 | |
Brookdale Senior Living, Inc. (a)(d) | 84,038 | 1,566,468 | |
Capital Senior Living Corp. (a) | 26,619 | 228,125 | |
Cardinal Health, Inc. | 261,307 | 10,857,306 | |
CardioNet, Inc. (a) | 34,161 | 108,974 | |
Catalyst Health Solutions, Inc. (a) | 31,805 | 1,972,546 | |
Centene Corp. (a)(d) | 35,301 | 1,722,689 | |
Chemed Corp. | 14,268 | 882,048 | |
Chindex International, Inc. (a)(d) | 9,187 | 85,715 | |
CIGNA Corp. | 215,000 | 9,483,650 | |
Community Health Systems, Inc. (a) | 81,813 | 2,064,960 | |
Conmed Healthcare Management, Inc. (a) | 5,109 | 18,801 | |
Corvel Corp. (a) | 8,848 | 401,168 | |
Coventry Health Care, Inc. (a)(d) | 155,796 | 5,092,971 | |
Cross Country Healthcare, Inc. (a) | 29,137 | 164,915 | |
DaVita, Inc. (a) | 70,363 | 6,089,918 | |
Emeritus Corp. (a)(d) | 17,838 | 329,289 | |
ExamWorks Group, Inc. (a)(d) | 17,147 | 176,957 | |
Express Scripts, Inc. (a)(d) | 368,167 | 19,634,346 | |
Five Star Quality Care, Inc. (a) | 32,241 | 114,133 | |
Gentiva Health Services, Inc. (a)(d) | 24,132 | 189,436 | |
Hanger Orthopedic Group, Inc. (a)(d) | 27,160 | 561,940 | |
HCA Holdings, Inc. | 120,808 | 3,221,949 | |
Health Management Associates, Inc. Class A (a) | 180,959 | 1,335,477 | |
Health Net, Inc. (a) | 67,297 | 2,539,789 | |
HealthSouth Corp. (a)(d) | 69,496 | 1,414,939 | |
Healthways, Inc. (a) | 33,821 | 268,877 | |
Henry Schein, Inc. (a)(d) | 71,206 | 5,270,668 | |
HMS Holdings Corp. (a)(d) | 61,425 | 1,979,114 | |
Hooper Holmes, Inc. (a) | 6,267 | 4,378 | |
Humana, Inc. | 138,379 | 12,052,811 | |
IPC The Hospitalist Co., Inc. (a) | 20,567 | 748,022 | |
Kindred Healthcare, Inc. (a)(d) | 37,371 | 384,548 | |
Laboratory Corp. of America Holdings (a)(d) | 83,669 | 7,521,006 | |
Landauer, Inc. | 14,935 | 801,113 | |
LCA-Vision, Inc. (a) | 10,358 | 89,286 | |
LHC Group, Inc. (a) | 12,810 | 218,026 | |
| |||
Shares | Value | ||
LifePoint Hospitals, Inc. (a)(d) | 38,142 | $ 1,486,394 | |
Lincare Holdings, Inc. (d) | 67,736 | 1,819,389 | |
Magellan Health Services, Inc. (a) | 25,186 | 1,190,290 | |
McKesson Corp. | 205,993 | 17,202,475 | |
Medcath Corp. (a) | 2,958 | 22,954 | |
Medco Health Solutions, Inc. (a) | 314,026 | 21,225,017 | |
MEDNAX, Inc. (a)(d) | 44,058 | 3,277,475 | |
Metropolitan Health Networks, Inc. (a) | 12,700 | 106,172 | |
MModal, Inc. (a) | 39,028 | 401,598 | |
Molina Healthcare, Inc. (a)(d) | 19,589 | 665,242 | |
MWI Veterinary Supply, Inc. (a)(d) | 13,354 | 1,156,056 | |
National Healthcare Corp. | 6,159 | 276,046 | |
NeoStem, Inc. (a) | 41,470 | 23,638 | |
Omnicare, Inc. | 82,306 | 2,895,525 | |
Owens & Minor, Inc. | 43,454 | 1,301,882 | |
Patterson Companies, Inc. | 71,822 | 2,292,558 | |
PDI, Inc. (a) | 1,365 | 9,446 | |
PharMerica Corp. (a) | 29,176 | 357,698 | |
Providence Service Corp. (a) | 13,245 | 199,337 | |
PSS World Medical, Inc. (a)(d) | 39,096 | 947,296 | |
Quest Diagnostics, Inc. | 140,542 | 8,158,463 | |
RadNet, Inc. (a) | 27,076 | 80,957 | |
Select Medical Holdings Corp. (a) | 37,877 | 318,924 | |
Sharps Compliance Corp. (a) | 5,184 | 20,269 | |
Skilled Healthcare Group, Inc. (a) | 27,157 | 177,335 | |
SRI/Surgical Express, Inc. (a) | 774 | 2,941 | |
Sun Healthcare Group, Inc. (a) | 15,191 | 67,752 | |
Sunrise Senior Living, Inc. (a)(d) | 31,316 | 242,386 | |
Team Health Holdings, Inc. (a) | 29,804 | 646,449 | |
Tenet Healthcare Corp. (a) | 398,929 | 2,253,949 | |
The Ensign Group, Inc. | 5,658 | 155,086 | |
Triple-S Management Corp. (a)(d) | 20,220 | 478,607 | |
U.S. Physical Therapy, Inc. | 11,240 | 213,672 | |
UnitedHealth Group, Inc. | 855,641 | 47,701,986 | |
Universal American Spin Corp. (a) | 33,569 | 380,672 | |
Universal Health Services, Inc. Class B | 64,910 | 2,895,635 | |
Vanguard Health Systems, Inc. (a) | 30,455 | 303,332 | |
VCA Antech, Inc. (a)(d) | 61,414 | 1,350,494 | |
Wellcare Health Plans, Inc. (a)(d) | 37,775 | 2,563,412 | |
WellPoint, Inc. | 286,095 | 18,776,415 | |
| 272,375,370 | ||
Health Care Technology - 0.1% | |||
Allscripts-Misys Healthcare Solutions, Inc. (a) | 134,782 | 2,603,988 | |
athenahealth, Inc. (a)(d) | 25,730 | 1,818,339 | |
Authentidate Holding Corp. (a) | 1,633 | 1,061 | |
Cerner Corp. (a)(d) | 107,829 | 7,961,015 | |
Computer Programs & Systems, Inc. (d) | 21,937 | 1,334,647 | |
Epocrates, Inc. (a) | 10,933 | 101,677 | |
Greenway Medical Technologies | 5,301 | 78,455 | |
HealthStream, Inc. (a)(d) | 13,800 | 281,934 | |
MedAssets, Inc. (a) | 31,551 | 450,548 | |
Medidata Solutions, Inc. (a)(d) | 25,864 | 515,728 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Health Care Technology - continued | |||
Merge Healthcare, Inc. (a) | 32,622 | $ 213,022 | |
Omnicell, Inc. (a)(d) | 25,141 | 375,104 | |
Quality Systems, Inc. | 27,774 | 1,190,671 | |
Transcend Services, Inc. (a)(d) | 6,174 | 132,741 | |
| 17,058,930 | ||
Life Sciences Tools & Services - 0.6% | |||
Affymetrix, Inc. (a)(d) | 55,779 | 232,598 | |
Agilent Technologies, Inc. | 263,842 | 11,508,788 | |
Albany Molecular Research, Inc. (a) | 23,897 | 65,478 | |
Apricus Biosciences, Inc. (a) | 18,211 | 62,282 | |
Bio-Rad Laboratories, Inc. Class A (a) | 16,766 | 1,708,791 | |
Biodelivery Sciences International, Inc. (a) | 3,338 | 7,544 | |
Bruker BioSciences Corp. (a) | 65,927 | 1,056,810 | |
Cambrex Corp. (a) | 18,522 | 123,357 | |
Charles River Laboratories International, Inc. (a) | 42,610 | 1,496,889 | |
Complete Genomics, Inc. (a)(d) | 7,109 | 26,445 | |
Covance, Inc. (a)(d) | 43,017 | 2,053,201 | |
Enzo Biochem, Inc. (a) | 14,697 | 37,918 | |
eResearchTechnology, Inc. (a) | 54,275 | 346,275 | |
Fluidigm Corp. (a) | 3,871 | 55,820 | |
Furiex Pharmaceuticals, Inc. (a) | 9,211 | 166,166 | |
Harvard Bioscience, Inc. (a) | 675 | 2,801 | |
Illumina, Inc. (a)(d) | 116,750 | 5,983,438 | |
Life Technologies Corp. (a)(d) | 150,316 | 7,111,450 | |
Luminex Corp. (a)(d) | 39,871 | 895,901 | |
Medtox Scientific, Inc. (a) | 654 | 10,137 | |
Mettler-Toledo International, Inc. (a)(d) | 24,159 | 4,355,385 | |
Pacific Biosciences of California, Inc. (a)(d) | 28,978 | 120,838 | |
PAREXEL International Corp. (a) | 52,568 | 1,286,865 | |
PerkinElmer, Inc. | 78,650 | 2,123,550 | |
pSivida Corp. (a) | 25,265 | 54,067 | |
Sequenom, Inc. (a)(d) | 88,233 | 381,167 | |
SeraCare Life Sciences, Inc. (a) | 4,298 | 17,063 | |
Strategic Diagnostics, Inc. (a) | 2,665 | 5,410 | |
Techne Corp. | 26,162 | 1,872,938 | |
Thermo Fisher Scientific, Inc. | 303,487 | 17,183,434 | |
Waters Corp. (a) | 67,094 | 6,011,622 | |
| 66,364,428 | ||
Pharmaceuticals - 4.8% | |||
Abbott Laboratories | 1,235,457 | 69,939,221 | |
Acura Pharmaceuticals, Inc. (a)(d) | 2,885 | 9,347 | |
Akorn, Inc. (a)(d) | 43,869 | 549,679 | |
Alexza Pharmaceuticals, Inc. (a)(d) | 85,991 | 53,744 | |
Alimera Sciences, Inc. (a) | 3,741 | 14,066 | |
Allergan, Inc. | 247,302 | 22,155,786 | |
Ampio Pharmaceuticals, Inc. (a)(d) | 6,057 | 23,380 | |
Auxilium Pharmaceuticals, Inc. (a)(d) | 37,784 | 746,612 | |
| |||
Shares | Value | ||
AVANIR Pharmaceuticals Class A (a) | 65,547 | $ 180,910 | |
Biodel, Inc. (a) | 32,439 | 20,599 | |
Bristol-Myers Squibb Co. | 1,387,197 | 44,626,127 | |
Cadence Pharmaceuticals, Inc. (a)(d) | 43,831 | 164,366 | |
Cempra, Inc. | 5,499 | 41,243 | |
ChemoCentryx, Inc. | 1,737 | 17,787 | |
Columbia Laboratories, Inc. (a) | 42,578 | 28,101 | |
Corcept Therapeutics, Inc. (a) | 36,105 | 141,893 | |
Cornerstone Therapeutics, Inc. (a) | 7,737 | 44,410 | |
Cumberland Pharmaceuticals, Inc. (a)(d) | 7,158 | 56,763 | |
DepoMed, Inc. (a)(d) | 31,971 | 201,098 | |
Durect Corp. (a) | 93,293 | 69,037 | |
Echo Therapeutics, Inc. (a)(d) | 20,093 | 37,172 | |
Eli Lilly & Co. | 764,434 | 29,996,390 | |
Endo Pharmaceuticals Holdings, Inc. (a)(d) | 100,446 | 3,723,533 | |
Endocyte, Inc. | 47,373 | 168,174 | |
Forest Laboratories, Inc. (a) | 229,448 | 7,461,649 | |
Hi-Tech Pharmacal Co., Inc. (a)(d) | 12,868 | 513,691 | |
Hospira, Inc. (a)(d) | 164,444 | 5,857,495 | |
Impax Laboratories, Inc. (a)(d) | 46,165 | 1,077,953 | |
Ista Pharmaceuticals, Inc. (a)(d) | 34,715 | 287,440 | |
Jazz Pharmaceuticals PLC (a) | 17,296 | 907,521 | |
Johnson & Johnson | 2,195,262 | 142,867,651 | |
KV Pharmaceutical Co. Class A (a)(d) | 106,840 | 148,508 | |
Lannett Co., Inc. (a) | 27,670 | 114,277 | |
MAP Pharmaceuticals, Inc. (a) | 12,387 | 198,811 | |
Medicis Pharmaceutical Corp. Class A (d) | 44,858 | 1,567,339 | |
Merck & Co., Inc. | 2,453,258 | 93,640,858 | |
Mylan, Inc. (a) | 369,805 | 8,668,229 | |
Nektar Therapeutics (a)(d) | 110,915 | 795,261 | |
NuPathe, Inc. (a) | 18,258 | 54,957 | |
Obagi Medical Products, Inc. (a) | 21,864 | 248,156 | |
Omeros Corp. (a) | 4,428 | 30,110 | |
Optimer Pharmaceuticals, Inc. (a)(d) | 23,463 | 300,092 | |
Pacira Pharmaceuticals, Inc. | 9,810 | 104,967 | |
Pain Therapeutics, Inc. (a)(d) | 34,536 | 126,747 | |
Par Pharmaceutical Companies, Inc. (a) | 24,023 | 891,494 | |
Pernix Therapeutics Holdings, Inc. (a) | 5,833 | 50,280 | |
Perrigo Co. | 63,753 | 6,570,384 | |
Pfizer, Inc. | 6,153,479 | 129,838,407 | |
Pozen, Inc. (a) | 23,223 | 101,252 | |
Questcor Pharmaceuticals, Inc. (a)(d) | 48,551 | 1,888,634 | |
Repros Therapeutics, Inc. (a) | 12,895 | 54,159 | |
Sagent Pharmaceuticals, Inc. | 10,801 | 234,274 | |
Salix Pharmaceuticals Ltd. (a)(d) | 38,646 | 1,906,021 | |
Santarus, Inc. (a) | 23,487 | 106,161 | |
Somaxon Pharmaceuticals, Inc. (a) | 52,262 | 31,880 | |
Synthetic Biologics, Inc. (a) | 9,114 | 20,051 | |
The Medicines Company (a) | 52,840 | 1,132,361 | |
Transcept Pharmaceuticals, Inc. (a) | 2,494 | 20,825 | |
Ventrus Biosciences, Inc. (a) | 5,603 | 59,840 | |
ViroPharma, Inc. (a)(d) | 55,566 | 1,781,446 | |
Vivus, Inc. (a)(d) | 63,327 | 1,424,858 | |
Common Stocks - continued | |||
Shares | Value | ||
HEALTH CARE - continued | |||
Pharmaceuticals - continued | |||
Warner Chilcott PLC (a) | 129,721 | $ 2,170,232 | |
Watson Pharmaceuticals, Inc. (a) | 97,907 | 5,709,936 | |
XenoPort, Inc. (a) | 33,327 | 133,308 | |
Zogenix, Inc. (a) | 31,169 | 71,065 | |
| 592,178,018 | ||
TOTAL HEALTH CARE | 1,386,083,527 | ||
INDUSTRIALS - 11.0% | |||
Aerospace & Defense - 2.2% | |||
AAR Corp. (d) | 29,755 | 656,098 | |
AeroVironment, Inc. (a)(d) | 13,243 | 377,161 | |
Alliant Techsystems, Inc. | 23,292 | 1,397,520 | |
American Science & Engineering, Inc. | 13,204 | 959,931 | |
API Technologies Corp. (a) | 22,349 | 84,703 | |
Ascent Solar Technologies, Inc. (a) | 33,082 | 25,142 | |
Astronics Corp. (a) | 4,574 | 152,909 | |
BE Aerospace, Inc. (a) | 69,691 | 3,194,635 | |
Ceradyne, Inc. | 17,193 | 531,436 | |
Cubic Corp. | 13,440 | 642,432 | |
Curtiss-Wright Corp. (d) | 35,352 | 1,313,327 | |
DigitalGlobe, Inc. (a) | 20,614 | 317,043 | |
Ducommun, Inc. | 15,643 | 238,869 | |
EDAC Technologies Corp. (a) | 2,262 | 23,525 | |
Esterline Technologies Corp. (a)(d) | 21,459 | 1,393,762 | |
Exelis, Inc. | 137,844 | 1,448,740 | |
GenCorp, Inc. (non-vtg.) (a)(d) | 89,447 | 536,682 | |
General Dynamics Corp. | 231,403 | 16,945,642 | |
GeoEye, Inc. (a)(d) | 17,908 | 362,995 | |
Goodrich Corp. | 101,105 | 12,736,197 | |
HEICO Corp. Class A (d) | 25,642 | 1,022,603 | |
Hexcel Corp. (a)(d) | 68,067 | 1,720,053 | |
Honeywell International, Inc. | 580,063 | 34,554,353 | |
Huntington Ingalls Industries, Inc. (a) | 32,670 | 1,172,200 | |
Innovative Solutions & Support, Inc. (a) | 20,271 | 86,557 | |
KEYW Holding Corp. (a)(d) | 13,887 | 98,598 | |
Kratos Defense & Security Solutions, Inc. (a) | 25,078 | 159,747 | |
L-3 Communications Holdings, Inc. | 80,666 | 5,666,787 | |
LMI Aerospace, Inc. (a) | 6,877 | 139,947 | |
Lockheed Martin Corp. | 217,998 | 19,273,203 | |
Moog, Inc. Class A (a)(d) | 29,482 | 1,294,555 | |
National Presto Industries, Inc. | 4,216 | 365,063 | |
Northrop Grumman Corp. | 200,685 | 12,002,970 | |
Orbital Sciences Corp. (a)(d) | 39,974 | 561,635 | |
Precision Castparts Corp. | 117,640 | 19,696,465 | |
Raytheon Co. | 298,668 | 15,088,707 | |
Rockwell Collins, Inc. | 116,948 | 6,933,847 | |
Sparton Corp. (a) | 2,579 | 24,294 | |
| |||
Shares | Value | ||
Spirit AeroSystems Holdings, Inc. Class A (a)(d) | 83,434 | $ 1,999,079 | |
Sypris Solutions, Inc. (a) | 2,772 | 10,450 | |
Taser International, Inc. (a)(d) | 58,908 | 237,399 | |
Teledyne Technologies, Inc. (a)(d) | 25,240 | 1,504,304 | |
Textron, Inc. | 249,615 | 6,866,909 | |
The Boeing Co. | 535,144 | 40,109,043 | |
TransDigm Group, Inc. (a) | 39,452 | 4,686,503 | |
Triumph Group, Inc. | 32,470 | 2,071,586 | |
United Technologies Corp. | 634,327 | 53,201,005 | |
| 273,886,611 | ||
Air Freight & Logistics - 0.7% | |||
Air Transport Services Group, Inc. (a) | 62,170 | 337,583 | |
Atlas Air Worldwide Holdings, Inc. (a)(d) | 43,607 | 1,858,530 | |
C.H. Robinson Worldwide, Inc. | 126,390 | 8,363,226 | |
Expeditors International of Washington, Inc. | 169,939 | 7,414,439 | |
FedEx Corp. | 235,769 | 21,216,852 | |
Forward Air Corp. | 23,667 | 796,868 | |
Hub Group, Inc. Class A (a)(d) | 25,258 | 899,943 | |
Pacer International, Inc. (a)(d) | 29,688 | 163,878 | |
Park-Ohio Holdings Corp. (a) | 3,535 | 66,281 | |
Radiant Logistics, Inc. (a) | 14,104 | 32,439 | |
United Parcel Service, Inc. Class B | 549,869 | 42,279,427 | |
UTI Worldwide, Inc. | 71,523 | 1,154,381 | |
XPO Logistics, Inc. (a) | 5,264 | 88,277 | |
| 84,672,124 | ||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (a) | 25,753 | 1,765,883 | |
Allegiant Travel Co. (a)(d) | 21,060 | 1,052,579 | |
Delta Air Lines, Inc. (a) | 696,399 | 6,831,674 | |
Hawaiian Holdings, Inc. (a) | 37,702 | 200,198 | |
JetBlue Airways Corp. (a)(d) | 168,034 | 856,973 | |
Pinnacle Airlines Corp. (a) | 11,387 | 13,323 | |
Republic Airways Holdings, Inc. (a) | 81,894 | 434,857 | |
SkyWest, Inc. (d) | 37,944 | 433,320 | |
Southwest Airlines Co. | 603,928 | 5,423,273 | |
Spirit Airlines, Inc. (a) | 15,904 | 310,605 | |
United Continental Holdings, Inc. (a)(d) | 250,567 | 5,174,209 | |
US Airways Group, Inc. (a) | 117,312 | 869,282 | |
| 23,366,176 | ||
Building Products - 0.2% | |||
A.O. Smith Corp. | 33,683 | 1,521,124 | |
AAON, Inc. | 30,814 | 571,600 | |
Ameresco, Inc. Class A (a) | 38,199 | 538,224 | |
American Woodmark Corp. | 6,981 | 99,200 | |
Apogee Enterprises, Inc. | 33,247 | 441,188 | |
Armstrong World Industries, Inc. (a)(d) | 15,342 | 785,817 | |
Builders FirstSource, Inc. (a) | 22,494 | 68,157 | |
Fortune Brands Home & Security, Inc. (a) | 128,056 | 2,476,603 | |
Gibraltar Industries, Inc. (a) | 39,553 | 546,622 | |
Griffon Corp. | 38,833 | 415,125 | |
Insteel Industries, Inc. | 16,775 | 210,694 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Building Products - continued | |||
Lennox International, Inc. (d) | 34,295 | $ 1,341,963 | |
Masco Corp. (d) | 257,162 | 3,055,085 | |
NCI Building Systems, Inc. (a)(d) | 16,002 | 193,624 | |
Owens Corning (a) | 116,435 | 3,685,168 | |
Quanex Building Products Corp. | 24,300 | 413,343 | |
Simpson Manufacturing Co. Ltd. (d) | 27,187 | 810,716 | |
Trex Co., Inc. (a)(d) | 11,686 | 314,704 | |
Universal Forest Products, Inc. (d) | 19,011 | 611,014 | |
USG Corp. (a)(d) | 46,968 | 669,294 | |
| 18,769,265 | ||
Commercial Services & Supplies - 0.6% | |||
A.T. Cross Co. Class A (a) | 3,205 | 31,890 | |
ABM Industries, Inc. (d) | 32,787 | 744,265 | |
ACCO Brands Corp. (a)(d) | 34,948 | 412,386 | |
Acorn Energy, Inc. | 7,981 | 65,843 | |
American Reprographics Co. (a)(d) | 46,203 | 243,952 | |
Asset Acceptance Capital Corp. (a) | 10,832 | 50,802 | |
Asta Funding, Inc. | 4,468 | 35,208 | |
Avery Dennison Corp. | 88,769 | 2,707,455 | |
Casella Waste Systems, Inc. Class A (a)(d) | 50,882 | 333,277 | |
Cenveo, Inc. (a)(d) | 56,923 | 222,000 | |
Cintas Corp. | 89,845 | 3,464,423 | |
Clean Harbors, Inc. (a) | 33,813 | 2,270,881 | |
Consolidated Graphics, Inc. (a) | 12,018 | 561,120 | |
Copart, Inc. (a) | 58,019 | 2,888,186 | |
Corrections Corp. of America (a)(d) | 88,360 | 2,214,302 | |
Courier Corp. | 15,678 | 169,009 | |
Covanta Holding Corp. | 92,025 | 1,502,768 | |
Deluxe Corp. (d) | 54,408 | 1,342,245 | |
Encore Capital Group, Inc. (a)(d) | 16,160 | 360,045 | |
EnergySolutions, Inc. (a)(d) | 104,471 | 439,823 | |
EnerNOC, Inc. (a) | 15,233 | 119,884 | |
Ennis, Inc. | 21,290 | 356,820 | |
Fuel Tech, Inc. (a) | 21,725 | 134,478 | |
G&K Services, Inc. Class A | 10,202 | 340,033 | |
Healthcare Services Group, Inc. | 45,556 | 887,431 | |
Heritage-Crystal Clean, Inc. (a) | 2,763 | 61,090 | |
Herman Miller, Inc. | 40,346 | 847,266 | |
HNI Corp. | 36,970 | 934,602 | |
InnerWorkings, Inc. (a)(d) | 28,532 | 325,265 | |
Interface, Inc. Class A | 44,100 | 540,225 | |
Intersections, Inc. | 7,586 | 88,529 | |
Iron Mountain, Inc. (d) | 166,503 | 5,169,918 | |
KAR Auction Services, Inc. (a) | 32,774 | 526,678 | |
Kimball International, Inc. Class B | 16,142 | 99,435 | |
Knoll, Inc. | 32,235 | 497,064 | |
McGrath RentCorp. | 17,562 | 557,594 | |
Metalico, Inc. (a)(d) | 41,543 | 208,546 | |
Mine Safety Appliances Co. | 26,951 | 993,414 | |
Mobile Mini, Inc. (a)(d) | 24,084 | 520,214 | |
| |||
Shares | Value | ||
Multi-Color Corp. | 7,946 | $ 173,779 | |
NL Industries, Inc. | 5,468 | 80,926 | |
Perma-Fix Environmental Services, Inc. (a) | 34,689 | 57,931 | |
Pitney Bowes, Inc. (d) | 142,010 | 2,574,641 | |
Portfolio Recovery Associates, Inc. (a)(d) | 11,960 | 833,971 | |
Quad/Graphics, Inc. | 18,905 | 283,008 | |
R.R. Donnelley & Sons Co. (d) | 148,125 | 2,047,088 | |
Republic Services, Inc. | 262,346 | 7,825,781 | |
Rollins, Inc. (d) | 56,964 | 1,154,091 | |
Schawk, Inc. Class A | 4,209 | 46,594 | |
Standard Parking Corp. (a)(d) | 5,698 | 102,849 | |
Standard Register Co. (d) | 6,365 | 9,993 | |
Steelcase, Inc. Class A (d) | 74,937 | 657,947 | |
Stericycle, Inc. (a)(d) | 61,330 | 5,321,604 | |
Swisher Hygiene, Inc. (Canada) (a)(d) | 59,712 | 176,151 | |
Sykes Enterprises, Inc. (a) | 30,728 | 423,432 | |
Team, Inc. (a) | 18,138 | 555,023 | |
Tetra Tech, Inc. (a)(d) | 44,643 | 1,096,432 | |
The Brink's Co. (d) | 40,696 | 1,027,574 | |
The Geo Group, Inc. (a)(d) | 57,559 | 1,013,614 | |
TMS International Corp. | 14,898 | 177,286 | |
TRC Companies, Inc. (a)(d) | 4,541 | 23,477 | |
Unifirst Corp. Massachusetts | 12,480 | 749,798 | |
United Stationers, Inc. | 31,409 | 912,117 | |
US Ecology, Inc. | 25,366 | 478,656 | |
Viad Corp. | 19,833 | 385,950 | |
Virco Manufacturing Co. | 2,682 | 5,498 | |
Waste Connections, Inc. | 87,111 | 2,832,850 | |
Waste Management, Inc. (d) | 318,741 | 11,149,560 | |
| 75,445,987 | ||
Construction & Engineering - 0.3% | |||
AECOM Technology Corp. (a)(d) | 90,995 | 2,124,733 | |
Aegion Corp. (a)(d) | 27,214 | 479,239 | |
Argan, Inc. | 3,060 | 45,869 | |
Comfort Systems USA, Inc. | 43,738 | 500,363 | |
Dycom Industries, Inc. (a) | 25,959 | 552,408 | |
EMCOR Group, Inc. | 48,972 | 1,361,422 | |
Fluor Corp. | 136,998 | 8,285,639 | |
Foster Wheeler AG (a) | 88,503 | 2,179,829 | |
Furmanite Corp. (a) | 17,662 | 128,933 | |
Granite Construction, Inc. (d) | 31,641 | 904,933 | |
Great Lakes Dredge & Dock Corp. | 39,072 | 277,020 | |
Integrated Electrical Services, Inc. (a)(d) | 12,011 | 30,508 | |
Jacobs Engineering Group, Inc. (a)(d) | 100,035 | 4,623,618 | |
KBR, Inc. | 110,721 | 4,021,387 | |
Layne Christensen Co. (a) | 15,356 | 371,462 | |
MasTec, Inc. (a) | 48,062 | 845,411 | |
Michael Baker Corp. (a) | 6,265 | 151,174 | |
MYR Group, Inc. (a) | 25,270 | 506,158 | |
Northwest Pipe Co. (a)(d) | 12,188 | 298,362 | |
Orion Marine Group, Inc. (a) | 15,813 | 115,435 | |
Pike Electric Corp. (a) | 14,023 | 125,225 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Construction & Engineering - continued | |||
Primoris Services Corp. | 17,623 | $ 271,042 | |
Quanta Services, Inc. (a) | 153,212 | 3,202,131 | |
Shaw Group, Inc. (a) | 55,953 | 1,619,280 | |
Sterling Construction Co., Inc. (a)(d) | 25,870 | 268,272 | |
Tutor Perini Corp. (a) | 24,002 | 378,752 | |
UniTek Global Services, Inc. (a) | 10,175 | 42,023 | |
URS Corp. (d) | 61,309 | 2,676,138 | |
| 36,386,766 | ||
Electrical Equipment - 0.7% | |||
A123 Systems, Inc. (a)(d) | 96,963 | 174,533 | |
Active Power, Inc. (a) | 52,517 | 36,757 | |
Acuity Brands, Inc. (d) | 30,960 | 1,925,402 | |
Allied Motion Technologies, Inc. | 4,209 | 30,094 | |
Altair Nanotechnologies, Inc. (a)(d) | 63,623 | 43,900 | |
American Superconductor Corp. (a)(d) | 110,872 | 496,707 | |
AMETEK, Inc. | 141,837 | 6,751,441 | |
AZZ, Inc. | 12,314 | 618,163 | |
Babcock & Wilcox Co. (a) | 97,803 | 2,517,449 | |
Belden, Inc. | 33,652 | 1,328,244 | |
Brady Corp. Class A | 41,502 | 1,325,989 | |
Broadwind Energy, Inc. (a) | 72,530 | 45,687 | |
Capstone Turbine Corp. (a)(d) | 582,341 | 646,399 | |
Coleman Cable, Inc. (a)(d) | 5,164 | 58,715 | |
Cooper Industries PLC Class A | 121,848 | 7,459,535 | |
Emerson Electric Co. | 594,548 | 29,911,710 | |
Encore Wire Corp. | 23,059 | 671,709 | |
EnerSys (a)(d) | 36,086 | 1,211,768 | |
Espey Manufacturing & Electronics Corp. | 2,015 | 49,247 | |
Franklin Electric Co., Inc. (d) | 17,393 | 869,824 | |
FuelCell Energy, Inc. (a)(d) | 246,058 | 366,626 | |
Generac Holdings, Inc. (a) | 30,944 | 787,215 | |
General Cable Corp. (a)(d) | 39,737 | 1,230,655 | |
Global Power Equipment Group, Inc. (a) | 10,454 | 253,510 | |
GrafTech International Ltd. (a) | 132,891 | 1,689,045 | |
Hubbell, Inc. Class B | 39,086 | 2,940,049 | |
II-VI, Inc. (a)(d) | 36,783 | 860,354 | |
LSI Industries, Inc. | 16,481 | 113,884 | |
MagneTek, Inc. (a) | 2,664 | 36,603 | |
Nexxus Lighting, Inc. (a) | 1,806 | 2,005 | |
Ocean Power Technologies, Inc. (a)(d) | 5,875 | 19,681 | |
Plug Power, Inc. (a)(d) | 38,179 | 84,757 | |
Polypore International, Inc. (a)(d) | 32,865 | 1,351,409 | |
Powell Industries, Inc. (a)(d) | 7,721 | 253,172 | |
PowerSecure International, Inc. (a)(d) | 20,869 | 125,005 | |
Preformed Line Products Co. | 1,689 | 111,592 | |
Regal-Beloit Corp. (d) | 26,752 | 1,805,760 | |
Rockwell Automation, Inc. | 117,791 | 9,420,924 | |
Roper Industries, Inc. (d) | 74,094 | 6,781,083 | |
Satcon Technology Corp. (a)(d) | 75,540 | 37,770 | |
SL Industries, Inc. (a) | 2,156 | 37,191 | |
Thermon Group Holdings, Inc. | 10,097 | 203,354 | |
| |||
Shares | Value | ||
Thomas & Betts Corp. (a) | 37,135 | $ 2,682,261 | |
Ultralife Corp. (a) | 13,410 | 66,111 | |
Valence Technology, Inc. (a)(d) | 105,179 | 97,816 | |
Vicor Corp. | 10,982 | 89,174 | |
| 87,620,279 | ||
Industrial Conglomerates - 2.1% | |||
3M Co. | 518,960 | 45,460,896 | |
Carlisle Companies, Inc. (d) | 43,210 | 2,108,648 | |
Danaher Corp. | 462,943 | 24,457,279 | |
General Electric Co. | 8,440,000 | 160,782,000 | |
Raven Industries, Inc. (d) | 15,000 | 945,750 | |
Seaboard Corp. (a)(d) | 249 | 476,367 | |
Standex International Corp. | 10,804 | 412,821 | |
Tyco International Ltd. | 358,852 | 18,595,711 | |
| 253,239,472 | ||
Machinery - 2.5% | |||
Accuride Corp. (a) | 79,004 | 628,082 | |
Actuant Corp. Class A (d) | 48,056 | 1,353,738 | |
Adept Technology, Inc. (a) | 584 | 2,365 | |
AGCO Corp. (a)(d) | 70,548 | 3,642,393 | |
Alamo Group, Inc. | 14,374 | 386,229 | |
Albany International Corp. Class A | 29,462 | 704,731 | |
Altra Holdings, Inc. (a) | 19,022 | 370,739 | |
American Railcar Industries, Inc. (a) | 11,797 | 348,012 | |
Ampco-Pittsburgh Corp. | 10,414 | 220,881 | |
Astec Industries, Inc. (a)(d) | 12,338 | 468,227 | |
Barnes Group, Inc. | 31,261 | 865,930 | |
Blount International, Inc. (a) | 31,486 | 539,985 | |
Briggs & Stratton Corp. | 42,488 | 719,747 | |
Cascade Corp. | 11,310 | 602,144 | |
Caterpillar, Inc. | 464,889 | 53,094,973 | |
Chart Industries, Inc. (a)(d) | 21,388 | 1,462,725 | |
CIRCOR International, Inc. | 13,068 | 432,681 | |
CLARCOR, Inc. | 35,686 | 1,801,072 | |
Colfax Corp. (a)(d) | 35,245 | 1,199,035 | |
Columbus McKinnon Corp. (NY Shares) (a) | 26,972 | 449,084 | |
Commercial Vehicle Group, Inc. (a) | 77,079 | 931,885 | |
Crane Co. | 35,717 | 1,734,775 | |
Cummins, Inc. | 142,433 | 17,173,147 | |
Deere & Co. | 321,573 | 26,668,049 | |
Donaldson Co., Inc. | 51,141 | 3,755,284 | |
Douglas Dynamics, Inc. | 12,103 | 157,339 | |
Dover Corp. | 158,638 | 10,156,005 | |
Dynamic Materials Corp. | 12,763 | 284,743 | |
Eastern Co. | 943 | 18,106 | |
Eaton Corp. | 258,323 | 13,481,877 | |
Energy Recovery, Inc. (a)(d) | 81,715 | 175,687 | |
EnPro Industries, Inc. (a)(d) | 22,235 | 840,705 | |
ESCO Technologies, Inc. (d) | 20,247 | 724,640 | |
Federal Signal Corp. (a)(d) | 80,990 | 380,653 | |
Flow International Corp. (a)(d) | 30,791 | 123,164 | |
Flowserve Corp. | 41,509 | 4,921,722 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Machinery - continued | |||
FreightCar America, Inc. | 19,411 | $ 536,714 | |
Gardner Denver, Inc. | 36,882 | 2,533,056 | |
Gorman-Rupp Co. (d) | 14,200 | 409,954 | |
Graco, Inc. | 43,224 | 2,212,204 | |
Graham Corp. | 12,124 | 282,853 | |
Greenbrier Companies, Inc. (a)(d) | 15,464 | 390,930 | |
Hardinge, Inc. | 12,474 | 122,619 | |
Harsco Corp. | 57,382 | 1,275,602 | |
Hurco Companies, Inc. (a) | 3,319 | 79,092 | |
IDEX Corp. | 58,989 | 2,465,740 | |
Illinois Tool Works, Inc. | 345,543 | 19,243,290 | |
Ingersoll-Rand PLC | 273,625 | 10,912,165 | |
ITT Corp. | 114,023 | 2,844,874 | |
John Bean Technologies Corp. | 23,559 | 406,864 | |
Joy Global, Inc. | 93,181 | 8,103,020 | |
Kadant, Inc. (a) | 18,429 | 402,489 | |
Kaydon Corp. | 29,963 | 1,127,208 | |
Kennametal, Inc. (d) | 57,964 | 2,670,401 | |
L.B. Foster Co. Class A | 10,636 | 313,230 | |
Lincoln Electric Holdings, Inc. | 88,988 | 4,110,356 | |
Lindsay Corp. | 10,287 | 674,724 | |
Lydall, Inc. (a) | 9,770 | 89,005 | |
Manitowoc Co., Inc. | 95,250 | 1,499,235 | |
Meritor, Inc. (a) | 87,590 | 649,042 | |
Met-Pro Corp. | 5,616 | 49,814 | |
Middleby Corp. (a)(d) | 16,713 | 1,633,529 | |
Miller Industries, Inc. | 10,768 | 170,565 | |
Mueller Industries, Inc. | 27,692 | 1,273,832 | |
Mueller Water Products, Inc. Class A | 87,385 | 259,533 | |
NACCO Industries, Inc. Class A | 5,119 | 500,638 | |
Navistar International Corp. (a) | 55,357 | 2,312,815 | |
NN, Inc. (a)(d) | 12,121 | 108,362 | |
Nordson Corp. | 45,409 | 2,496,133 | |
Omega Flex, Inc. (a) | 258 | 4,069 | |
Oshkosh Truck Corp. (a) | 75,655 | 1,763,518 | |
PACCAR, Inc. | 301,814 | 13,886,462 | |
Pall Corp. | 84,786 | 5,379,672 | |
Parker Hannifin Corp. | 124,049 | 11,140,841 | |
Pentair, Inc. (d) | 68,772 | 2,647,722 | |
PMFG, Inc. (a) | 15,367 | 252,172 | |
RBC Bearings, Inc. (a)(d) | 21,831 | 993,529 | |
Robbins & Myers, Inc. | 32,129 | 1,568,216 | |
Sauer-Danfoss, Inc. (a) | 13,027 | 705,282 | |
Snap-On, Inc. | 40,414 | 2,470,508 | |
SPX Corp. | 36,737 | 2,686,944 | |
Stanley Black & Decker, Inc. | 128,823 | 9,893,606 | |
Sun Hydraulics Corp. | 19,343 | 635,611 | |
Tecumseh Products Co. Class A (non-vtg.) (a) | 18,712 | 85,888 | |
Tennant Co. | 13,999 | 574,519 | |
Terex Corp. (a) | 80,585 | 2,046,053 | |
| |||
Shares | Value | ||
Timken Co. | 55,895 | $ 2,928,898 | |
Titan International, Inc. | 31,894 | 785,868 | |
Toro Co. (d) | 24,680 | 1,671,823 | |
TriMas Corp. (a)(d) | 21,882 | 530,201 | |
Trinity Industries, Inc. (d) | 57,002 | 1,981,390 | |
Twin Disc, Inc. (d) | 7,177 | 229,377 | |
Valmont Industries, Inc. (d) | 15,781 | 1,752,796 | |
Wabash National Corp. (a)(d) | 74,589 | 787,660 | |
WABCO Holdings, Inc. (a) | 48,843 | 2,905,670 | |
Wabtec Corp. | 49,289 | 3,683,367 | |
Watts Water Technologies, Inc. Class A (d) | 38,674 | 1,529,170 | |
Woodward, Inc. | 51,161 | 2,239,317 | |
Xylem, Inc. | 140,492 | 3,649,982 | |
| 304,390,573 | ||
Marine - 0.0% | |||
Alexander & Baldwin, Inc. | 29,287 | 1,359,210 | |
Baltic Trading Ltd. | 21,117 | 96,716 | |
Eagle Bulk Shipping, Inc. (a)(d) | 76,396 | 122,234 | |
Genco Shipping & Trading Ltd. (a)(d) | 78,839 | 540,047 | |
International Shipholding Corp. | 7,999 | 171,979 | |
Kirby Corp. (a)(d) | 38,314 | 2,629,107 | |
| 4,919,293 | ||
Professional Services - 0.3% | |||
Acacia Research Corp. - Acacia Technologies (a) | 31,494 | 1,244,013 | |
Advisory Board Co. (a)(d) | 15,789 | 1,277,962 | |
Barrett Business Services, Inc. | 3,040 | 51,741 | |
CBIZ, Inc. (a)(d) | 37,390 | 243,035 | |
CDI Corp. | 6,150 | 92,312 | |
Corporate Executive Board Co. | 26,015 | 1,078,062 | |
CoStar Group, Inc. (a)(d) | 17,606 | 1,056,008 | |
CRA International, Inc. (a) | 15,589 | 371,174 | |
CTPartners Executive Search, Inc. (a) | 859 | 5,961 | |
Dolan Co. (a)(d) | 21,177 | 190,169 | |
Dun & Bradstreet Corp. | 36,211 | 2,992,839 | |
Equifax, Inc. | 88,390 | 3,715,916 | |
Exponent, Inc. (a)(d) | 15,525 | 748,616 | |
Franklin Covey Co. (a) | 2,282 | 20,082 | |
FTI Consulting, Inc. (a)(d) | 36,212 | 1,451,015 | |
GP Strategies Corp. (a) | 3,391 | 53,103 | |
Heidrick & Struggles International, Inc. | 22,259 | 452,303 | |
Hill International, Inc. (a) | 13,945 | 74,745 | |
Hudson Highland Group, Inc. (a)(d) | 8,927 | 39,904 | |
Huron Consulting Group, Inc. (a) | 16,504 | 630,123 | |
ICF International, Inc. (a) | 17,107 | 443,585 | |
IHS, Inc. Class A (a)(d) | 41,214 | 3,897,608 | |
Insperity, Inc. | 15,769 | 475,120 | |
Kelly Services, Inc. Class A (non-vtg.) | 19,294 | 289,410 | |
Kforce, Inc. (a)(d) | 25,995 | 366,530 | |
Korn/Ferry International (a)(d) | 33,723 | 538,556 | |
Manpower, Inc. | 59,376 | 2,557,324 | |
Mastech Holdings, Inc. (a) | 299 | 1,588 | |
Common Stocks - continued | |||
Shares | Value | ||
INDUSTRIALS - continued | |||
Professional Services - continued | |||
MISTRAS Group, Inc. (a) | 12,788 | $ 286,451 | |
Navigant Consulting, Inc. (a)(d) | 41,733 | 563,813 | |
Nielsen Holdings B.V. (a) | 48,341 | 1,425,576 | |
Odyssey Marine Exploration, Inc. (a)(d) | 19,002 | 57,956 | |
On Assignment, Inc. (a) | 26,316 | 365,266 | |
Pendrell Corp. (a) | 126,539 | 306,224 | |
RCM Technologies, Inc. (a) | 1,203 | 6,508 | |
Resources Connection, Inc. | 43,312 | 566,088 | |
Robert Half International, Inc. | 105,423 | 2,997,176 | |
RPX Corp. | 12,247 | 206,362 | |
Spherix, Inc. (a) | 232 | 188 | |
Towers Watson & Co. | 48,457 | 3,098,341 | |
TrueBlue, Inc. (a) | 38,883 | 643,902 | |
Verisk Analytics, Inc. (a) | 106,319 | 4,624,877 | |
VSE Corp. | 1,834 | 44,805 | |
| 39,552,337 | ||
Road & Rail - 0.9% | |||
AMERCO | 6,519 | 678,889 | |
Arkansas Best Corp. (d) | 18,872 | 335,922 | |
Avis Budget Group, Inc. (a)(d) | 78,355 | 1,010,780 | |
Celadon Group, Inc. | 57,193 | 844,169 | |
Con-way, Inc. (d) | 37,353 | 1,103,781 | |
Covenant Transport Group, Inc. Class A (a) | 9,633 | 31,307 | |
CSX Corp. | 852,220 | 17,905,142 | |
Dollar Thrifty Automotive Group, Inc. (a) | 19,104 | 1,450,185 | |
Genesee & Wyoming, Inc. Class A (a)(d) | 27,283 | 1,621,156 | |
Heartland Express, Inc. (d) | 35,341 | 511,384 | |
Hertz Global Holdings, Inc. (a)(d) | 176,222 | 2,519,975 | |
J.B. Hunt Transport Services, Inc. | 80,895 | 4,142,633 | |
Kansas City Southern (a)(d) | 80,222 | 5,581,847 | |
Knight Transportation, Inc. | 36,896 | 632,028 | |
Landstar System, Inc. (d) | 32,065 | 1,733,434 | |
Marten Transport Ltd. | 20,799 | 434,075 | |
Norfolk Southern Corp. | 270,164 | 18,614,300 | |
Old Dominion Freight Lines, Inc. (a)(d) | 46,240 | 2,011,902 | |
Patriot Transportation Holding, Inc. (a) | 1,312 | 29,520 | |
Providence & Worcester Railroad Co. | 4,631 | 67,520 | |
Quality Distribution, Inc. (a) | 25,189 | 327,709 | |
RailAmerica, Inc. (a) | 21,609 | 445,145 | |
Roadrunner Transportation Systems, Inc. (a) | 7,586 | 135,410 | |
Ryder System, Inc. | 36,836 | 1,960,780 | |
Saia, Inc. (a) | 11,656 | 190,109 | |
Swift Transporation Co. (a) | 51,169 | 599,701 | |
Union Pacific Corp. | 385,211 | 42,469,513 | |
Universal Truckload Services, Inc. | 2,515 | 39,209 | |
USA Truck, Inc. (a) | 1,841 | 15,059 | |
Werner Enterprises, Inc. (d) | 39,422 | 954,801 | |
| |||
Shares | Value | ||
YRC Worldwide, Inc. (a) | 240 | $ 2,194 | |
Zipcar, Inc. (a)(d) | 19,521 | 253,968 | |
| 108,653,547 | ||
Trading Companies & Distributors - 0.3% | |||
Aceto Corp. | 32,506 | 269,475 | |
AeroCentury Corp. (a) | 688 | 6,811 | |
Air Lease Corp. Class A (d) | 53,855 | 1,324,294 | |
Aircastle Ltd. | 32,942 | 448,341 | |
Applied Industrial Technologies, Inc. | 26,028 | 1,045,545 | |
Beacon Roofing Supply, Inc. (a)(d) | 44,417 | 1,047,353 | |
BlueLinx Corp. (a) | 17,176 | 40,192 | |
CAI International, Inc. (a)(d) | 7,670 | 154,551 | |
DXP Enterprises, Inc. (a) | 1,851 | 68,487 | |
Essex Rental Corp. (a)(d) | 16,688 | 61,912 | |
Fastenal Co. (d) | 252,177 | 13,284,684 | |
GATX Corp. | 32,405 | 1,409,293 | |
H&E Equipment Services, Inc. (a)(d) | 17,348 | 299,947 | |
Houston Wire & Cable Co. | 15,647 | 222,187 | |
Interline Brands, Inc. (a)(d) | 20,339 | 418,170 | |
Kaman Corp. | 17,880 | 616,681 | |
Lawson Products, Inc. | 3,745 | 61,081 | |
MSC Industrial Direct Co., Inc. Class A | 35,219 | 2,796,741 | |
RSC Holdings, Inc. (a) | 42,293 | 941,865 | |
Rush Enterprises, Inc. Class A (a)(d) | 25,276 | 602,074 | |
TAL International Group, Inc. | 16,704 | 602,012 | |
Textainer Group Holdings Ltd. | 13,061 | 433,886 | |
Titan Machinery, Inc. (a) | 17,235 | 451,385 | |
United Rentals, Inc. (a)(d) | 47,810 | 1,992,721 | |
W.W. Grainger, Inc. | 52,656 | 10,938,231 | |
Watsco, Inc. | 17,655 | 1,260,390 | |
WESCO International, Inc. (a)(d) | 30,088 | 1,892,234 | |
Willis Lease Finance Corp. (a) | 2,006 | 29,027 | |
| 42,719,570 | ||
Transportation Infrastructure - 0.0% | |||
Wesco Aircraft Holdings, Inc. (a) | 18,229 | 268,149 | |
TOTAL INDUSTRIALS | 1,353,890,149 | ||
INFORMATION TECHNOLOGY - 19.2% | |||
Communications Equipment - 2.0% | |||
Acme Packet, Inc. (a)(d) | 46,234 | 1,409,212 | |
ADTRAN, Inc. (d) | 45,765 | 1,613,216 | |
Alliance Fiber Optic Products, Inc. (a) | 8,067 | 74,781 | |
Ambient Corp. (a) | 1,932 | 9,274 | |
Anaren, Inc. (a) | 31,499 | 552,492 | |
Arris Group, Inc. (a) | 84,319 | 960,393 | |
Aruba Networks, Inc. (a)(d) | 71,459 | 1,542,800 | |
Aviat Networks, Inc. (a) | 66,605 | 175,171 | |
Bel Fuse, Inc. Class B (non-vtg.) | 7,032 | 122,919 | |
Black Box Corp. | 16,753 | 450,991 | |
Blonder Tongue Laboratories, Inc. (a) | 3,352 | 4,425 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Communications Equipment - continued | |||
Brocade Communications Systems, Inc. (a) | 336,853 | $ 1,947,010 | |
CalAmp Corp. (a) | 8,197 | 35,247 | |
Calix Networks, Inc. (a) | 19,283 | 174,318 | |
Ciena Corp. (a) | 64,815 | 967,040 | |
Cisco Systems, Inc. | 4,278,965 | 85,065,824 | |
Communications Systems, Inc. | 4,311 | 62,768 | |
Comtech Telecommunications Corp. (d) | 22,438 | 724,074 | |
Comverse Technology, Inc. (a) | 148,465 | 953,145 | |
Digi International, Inc. (a)(d) | 21,456 | 241,165 | |
Ditech Networks, Inc. (a) | 7,261 | 6,463 | |
EchoStar Holding Corp. Class A (a) | 36,937 | 1,107,002 | |
EMCORE Corp. (a)(d) | 14,874 | 64,553 | |
Emulex Corp. (a) | 66,808 | 698,812 | |
Entrada Networks, Inc. (a) | 150 | 0 | |
Extreme Networks, Inc. (a) | 100,558 | 371,059 | |
F5 Networks, Inc. (a) | 59,599 | 7,447,491 | |
Finisar Corp. (a)(d) | 64,308 | 1,304,809 | |
Globecomm Systems, Inc. (a) | 11,676 | 169,185 | |
Harmonic, Inc. (a) | 75,490 | 444,636 | |
Harris Corp. | 108,567 | 4,736,778 | |
Infinera Corp. (a)(d) | 68,698 | 546,836 | |
InterDigital, Inc. (d) | 33,368 | 1,262,979 | |
Ixia (a)(d) | 32,033 | 442,696 | |
JDS Uniphase Corp. (a)(d) | 177,119 | 2,309,632 | |
Juniper Networks, Inc. (a) | 460,375 | 10,478,135 | |
KVH Industries, Inc. (a) | 19,663 | 179,720 | |
Lantronix, Inc. (a) | 71 | 209 | |
Loral Space & Communications Ltd. (a) | 9,406 | 670,083 | |
Meru Networks, Inc. (a)(d) | 20,865 | 98,483 | |
Motorola Mobility Holdings, Inc. (a) | 255,327 | 10,136,482 | |
Motorola Solutions, Inc. | 227,709 | 11,339,908 | |
NETGEAR, Inc. (a)(d) | 32,032 | 1,203,442 | |
Network Engines, Inc. (a) | 28,981 | 41,153 | |
Network Equipment Technologies, Inc. (a)(d) | 15,181 | 10,946 | |
NumereX Corp. Class A (a)(d) | 2,670 | 25,979 | |
Oclaro, Inc. (a)(d) | 28,804 | 124,433 | |
Oplink Communications, Inc. (a) | 15,273 | 250,630 | |
Opnext, Inc. (a) | 39,034 | 39,424 | |
Optical Cable Corp. | 564 | 1,974 | |
ORBCOMM, Inc. (a)(d) | 20,031 | 64,700 | |
Parkervision, Inc. (a)(d) | 34,215 | 28,330 | |
PC-Tel, Inc. | 2,259 | 16,604 | |
Performance Technologies, Inc. (a) | 2,977 | 5,984 | |
Plantronics, Inc. | 39,954 | 1,490,284 | |
Polycom, Inc. (a) | 189,613 | 3,915,508 | |
Powerwave Technologies, Inc. (a)(d) | 17,873 | 25,380 | |
Procera Networks, Inc. (a) | 21,122 | 411,034 | |
QUALCOMM, Inc. | 1,339,659 | 83,299,997 | |
Riverbed Technology, Inc. (a)(d) | 114,012 | 3,245,922 | |
| |||
Shares | Value | ||
ShoreTel, Inc. (a)(d) | 4,948 | $ 26,571 | |
Sonus Networks, Inc. (a)(d) | 223,825 | 653,569 | |
Sycamore Networks, Inc. (a) | 13,906 | 256,844 | |
Symmetricom, Inc. (a)(d) | 21,713 | 127,455 | |
Tellabs, Inc. | 247,829 | 981,403 | |
Telular Corp. | 1,806 | 13,581 | |
Tessco Technologies, Inc. | 3,361 | 61,574 | |
Ubiquiti Networks, Inc. (d) | 4,528 | 118,996 | |
UTStarcom Holdings Corp. (a) | 124,511 | 174,315 | |
ViaSat, Inc. (a)(d) | 30,912 | 1,425,971 | |
Westell Technologies, Inc. Class A (a) | 20,974 | 48,030 | |
Zhone Technologies, Inc. (a) | 5,862 | 7,034 | |
Zoom Technologies, Inc. (a)(d) | 31,336 | 39,170 | |
| 249,038,453 | ||
Computers & Peripherals - 4.6% | |||
3D Systems Corp. (a)(d) | 26,596 | 595,750 | |
Apple, Inc. (a) | 743,137 | 403,107,204 | |
Astro-Med, Inc. | 4,606 | 37,263 | |
Avid Technology, Inc. (a)(d) | 34,710 | 369,662 | |
Concurrent Computer Corp. (a) | 987 | 3,672 | |
Cray, Inc. (a) | 32,010 | 255,120 | |
Datalink Corp. (a) | 9,248 | 78,700 | |
Dataram Corp. (a) | 3,336 | 2,635 | |
Dell, Inc. (a) | 1,327,547 | 22,966,563 | |
Diebold, Inc. | 54,057 | 2,115,250 | |
Dot Hill Systems Corp. (a)(d) | 82,138 | 114,172 | |
Electronics for Imaging, Inc. (a) | 55,580 | 887,057 | |
EMC Corp. (a)(d) | 1,649,316 | 45,669,560 | |
Fusion-io, Inc. (d) | 9,114 | 248,812 | |
Hauppauge Digital, Inc. (a) | 430 | 555 | |
Hewlett-Packard Co. | 1,598,167 | 40,449,607 | |
Hutchinson Technology, Inc. (a)(d) | 26,208 | 56,871 | |
iGO, Inc. (a) | 68,212 | 47,748 | |
Imation Corp. (a) | 19,750 | 123,438 | |
Immersion Corp. (a) | 33,895 | 219,979 | |
Intermec, Inc. (a)(d) | 37,733 | 282,243 | |
Interphase Corp. (a) | 10,718 | 53,054 | |
Intevac, Inc. (a) | 17,689 | 139,743 | |
Lexmark International, Inc. Class A | 56,069 | 2,067,825 | |
MidgardXXI, Inc. (a) | 10 | 0 | |
NCR Corp. (a) | 113,005 | 2,454,469 | |
NetApp, Inc. (a)(d) | 322,353 | 13,861,179 | |
Novatel Wireless, Inc. (a) | 27,517 | 94,383 | |
OCZ Technology Group, Inc. (a)(d) | 45,585 | 391,575 | |
Overland Storage, Inc. (a) | 596 | 1,377 | |
Presstek, Inc. (a) | 7,291 | 4,448 | |
QLogic Corp. (a)(d) | 79,628 | 1,368,805 | |
Quantum Corp. (a)(d) | 153,724 | 404,294 | |
Rimage Corp. | 6,017 | 65,886 | |
SanDisk Corp. (a) | 191,635 | 9,478,267 | |
Scan-Optics, Inc. (a) | 300 | 0 | |
Seagate Technology | 321,490 | 8,442,327 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Computers & Peripherals - continued | |||
Silicon Graphics International Corp. (a)(d) | 32,579 | $ 315,691 | |
STEC, Inc. (a)(d) | 29,627 | 287,086 | |
Stratasys, Inc. (a)(d) | 19,165 | 706,039 | |
Super Micro Computer, Inc. (a)(d) | 26,807 | 443,388 | |
Synaptics, Inc. (a) | 22,919 | 842,273 | |
Transact Technologies, Inc. (a) | 3,411 | 22,990 | |
USA Technologies, Inc. (a) | 26,460 | 26,989 | |
Video Display Corp. (a) | 2,957 | 17,298 | |
Western Digital Corp. (a) | 203,569 | 7,990,083 | |
| 567,111,330 | ||
Electronic Equipment & Components - 0.8% | |||
Advanced Photonix, Inc. Class A (a) | 4,544 | 3,453 | |
Aeroflex Holding Corp. (a) | 11,165 | 122,480 | |
Agilysys, Inc. (a)(d) | 29,298 | 235,849 | |
Amphenol Corp. Class A | 129,122 | 7,225,667 | |
Anixter International, Inc. (a)(d) | 21,905 | 1,523,274 | |
Arrow Electronics, Inc. (a) | 85,228 | 3,421,904 | |
Avnet, Inc. (a) | 111,339 | 3,979,256 | |
AVX Corp. | 35,625 | 471,675 | |
Badger Meter, Inc. | 27,105 | 871,968 | |
Benchmark Electronics, Inc. (a)(d) | 50,023 | 821,378 | |
Brightpoint, Inc. (a) | 109,219 | 961,127 | |
Checkpoint Systems, Inc. (a)(d) | 27,013 | 299,844 | |
Clearfield, Inc. (a) | 2,407 | 13,648 | |
Cognex Corp. | 33,219 | 1,416,458 | |
Coherent, Inc. (a)(d) | 20,405 | 1,132,069 | |
Comverge, Inc. (a) | 37,629 | 51,928 | |
Corning, Inc. | 1,309,123 | 17,070,964 | |
CTS Corp. (d) | 18,339 | 182,473 | |
Daktronics, Inc. (d) | 32,196 | 289,764 | |
DDi Corp. | 2,322 | 25,240 | |
Document Security Systems, Inc. (a)(d) | 5,625 | 25,481 | |
Dolby Laboratories, Inc. Class A (a)(d) | 41,734 | 1,588,813 | |
DTS, Inc. (a)(d) | 18,857 | 529,505 | |
Echelon Corp. (a)(d) | 32,190 | 158,375 | |
Electro Rent Corp. | 7,772 | 140,285 | |
Electro Scientific Industries, Inc. | 21,640 | 299,498 | |
eMagin Corp. (a) | 5,084 | 16,116 | |
Fabrinet (a) | 16,812 | 300,430 | |
FARO Technologies, Inc. (a)(d) | 18,648 | 1,034,218 | |
FEI Co. (a)(d) | 28,037 | 1,248,207 | |
FLIR Systems, Inc. | 126,251 | 3,303,989 | |
Frequency Electronics, Inc. (a) | 430 | 3,479 | |
Giga-Tronics, Inc. (a) | 2,579 | 3,275 | |
GTSI Corp. (a) | 2,043 | 9,643 | |
I. D. Systems Inc. (a) | 6,071 | 37,397 | |
Identive Group, Inc. (a)(d) | 86,261 | 191,499 | |
IEC Electronics Corp. (a) | 86 | 410 | |
Ingram Micro, Inc. Class A (a) | 145,788 | 2,788,924 | |
Insight Enterprises, Inc. (a) | 31,583 | 660,085 | |
| |||
Shares | Value | ||
IPG Photonics Corp. (a)(d) | 18,873 | $ 993,286 | |
Iteris, Inc. (a) | 1,032 | 1,548 | |
Itron, Inc. (a)(d) | 29,456 | 1,308,436 | |
Jabil Circuit, Inc. | 146,454 | 3,782,907 | |
KEMET Corp. (a) | 26,217 | 236,215 | |
LeCroy Corp. (a) | 12,224 | 111,972 | |
LightPath Technologies, Inc. Class A (a) | 376 | 669 | |
Littelfuse, Inc. | 21,280 | 1,126,350 | |
LoJack Corp. (a) | 24,621 | 90,605 | |
LRAD Corp. (a) | 56,581 | 80,345 | |
Maxwell Technologies, Inc. (a) | 15,285 | 278,034 | |
Measurement Specialties, Inc. (a)(d) | 15,282 | 496,971 | |
Mercury Computer Systems, Inc. (a)(d) | 23,393 | 336,157 | |
Mesa Laboratories, Inc. | 2,184 | 116,822 | |
Methode Electronics, Inc. Class A | 27,713 | 253,574 | |
Micronetics, Inc. (a) | 977 | 8,197 | |
MicroVision, Inc. (a)(d) | 33,139 | 107,039 | |
MOCON, Inc. | 2,209 | 37,995 | |
Molex, Inc. | 125,980 | 3,414,058 | |
MTS Systems Corp. | 16,730 | 821,610 | |
Multi-Fineline Electronix, Inc. (a) | 10,240 | 269,926 | |
National Instruments Corp. (d) | 77,745 | 2,068,017 | |
NeoPhotonics Corp. | 11,524 | 61,423 | |
NetList, Inc. (a)(d) | 67,152 | 233,689 | |
Newport Corp. (a) | 23,268 | 389,041 | |
OSI Systems, Inc. (a) | 17,430 | 1,028,370 | |
Park Electrochemical Corp. | 16,314 | 464,949 | |
PC Connection, Inc. | 4,375 | 39,113 | |
PC Mall, Inc. (a) | 4,077 | 24,666 | |
Planar Systems, Inc. (a) | 2,277 | 4,668 | |
Plexus Corp. (a)(d) | 33,577 | 1,165,122 | |
Power-One, Inc. (a) | 66,414 | 288,237 | |
Pulse Electronics Corp. | 50,135 | 154,416 | |
RadiSys Corp. (a) | 9,220 | 69,058 | |
RealD, Inc. (a)(d) | 37,860 | 446,748 | |
Research Frontiers, Inc. (a) | 1,719 | 6,017 | |
Richardson Electronics Ltd. | 14,373 | 176,213 | |
Rofin-Sinar Technologies, Inc. (a)(d) | 22,270 | 522,454 | |
Rogers Corp. (a) | 16,870 | 625,708 | |
Sanmina-SCI Corp. (a) | 57,434 | 666,234 | |
ScanSource, Inc. (a)(d) | 19,738 | 730,306 | |
SYNNEX Corp. (a)(d) | 16,578 | 683,511 | |
TE Connectivity Ltd. | 360,324 | 13,169,842 | |
Tech Data Corp. (a)(d) | 34,347 | 1,836,878 | |
Trimble Navigation Ltd. (a)(d) | 112,371 | 5,651,138 | |
TTM Technologies, Inc. (a)(d) | 45,522 | 533,063 | |
Universal Display Corp. (a)(d) | 32,522 | 1,343,484 | |
Viasystems Group, Inc. (a) | 4,710 | 87,229 | |
Vishay Intertechnology, Inc. (a)(d) | 124,817 | 1,530,256 | |
Vishay Precision Group, Inc. (a) | 9,596 | 140,965 | |
Wayside Technology Group, Inc. | 1,232 | 15,708 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Electronic Equipment & Components - continued | |||
X-Rite, Inc. (a)(d) | 25,574 | $ 115,850 | |
Zygo Corp. (a) | 9,828 | 188,501 | |
| 100,793,638 | ||
Internet Software & Services - 1.8% | |||
Active Network, Inc. | 16,913 | 270,608 | |
Akamai Technologies, Inc. (a) | 148,200 | 5,335,200 | |
Ancestry.com, Inc. (a)(d) | 20,613 | 469,564 | |
AOL, Inc. (a)(d) | 78,638 | 1,412,338 | |
Autobytel, Inc. (a) | 5,742 | 5,570 | |
Bankrate, Inc. | 33,840 | 806,746 | |
Carbonite, Inc. (d) | 4,801 | 46,522 | |
comScore, Inc. (a) | 21,331 | 469,069 | |
Constant Contact, Inc. (a)(d) | 22,301 | 674,382 | |
Cornerstone OnDemand, Inc. | 13,725 | 284,657 | |
Crexendo, Inc. | 6,585 | 26,999 | |
DealerTrack Holdings, Inc. (a) | 34,664 | 965,392 | |
Demand Media, Inc. (a) | 24,152 | 165,683 | |
Dice Holdings, Inc. (a)(d) | 35,391 | 314,272 | |
Digital River, Inc. (a) | 26,434 | 466,560 | |
EarthLink, Inc. | 80,611 | 602,164 | |
EasyLink Services International Corp. (a) | 13,300 | 62,111 | |
eBay, Inc. (a) | 908,088 | 32,455,065 | |
eGain Communications Corp. (a) | 8,558 | 44,587 | |
Equinix, Inc. (a)(d) | 42,644 | 5,977,836 | |
FriendFinder Networks, Inc. (a)(d) | 17,170 | 35,027 | |
GlowPoint, Inc. (a) | 18,770 | 55,559 | |
Google, Inc. Class A (a) | 200,534 | 123,980,146 | |
IAC/InterActiveCorp | 59,783 | 2,726,105 | |
InfoSpace, Inc. (a) | 32,776 | 380,529 | |
Internap Network Services Corp. (a)(d) | 34,998 | 261,785 | |
IntraLinks Holdings, Inc. (a) | 36,458 | 214,373 | |
iPass, Inc. (a) | 22,438 | 48,466 | |
j2 Global, Inc. | 32,417 | 958,571 | |
Keynote Systems, Inc. | 17,976 | 357,543 | |
KIT Digital, Inc. (a)(d) | 29,076 | 293,958 | |
Limelight Networks, Inc. (a)(d) | 33,081 | 124,385 | |
LinkedIn Corp. (a)(d) | 12,270 | 1,065,895 | |
Liquidity Services, Inc. (a)(d) | 21,953 | 949,467 | |
LivePerson, Inc. (a)(d) | 31,684 | 477,795 | |
Local.com Corp. (a)(d) | 17,671 | 42,057 | |
LogMeIn, Inc. (a) | 22,955 | 846,121 | |
LoopNet, Inc. (a) | 32,780 | 603,152 | |
Marchex, Inc. Class B | 28,685 | 123,059 | |
Monster Worldwide, Inc. (a)(d) | 89,914 | 624,003 | |
Move, Inc. (a) | 35,516 | 311,120 | |
NIC, Inc. (d) | 64,465 | 779,382 | |
Onstream Media Corp. (a) | 29 | 17 | |
OpenTable, Inc. (a)(d) | 15,333 | 743,651 | |
Openwave Systems, Inc. (a)(d) | 76,683 | 185,573 | |
Perficient, Inc. (a) | 14,607 | 176,453 | |
quepasa.com, Inc. (a)(d) | 18,724 | 73,773 | |
| |||
Shares | Value | ||
QuinStreet, Inc. (a) | 17,620 | $ 184,129 | |
Rackspace Hosting, Inc. (a) | 84,736 | 4,426,609 | |
RealNetworks, Inc. | 22,443 | 227,796 | |
Responsys, Inc. | 13,609 | 164,261 | |
Saba Software, Inc. (a) | 20,826 | 244,081 | |
SciQuest, Inc. (a) | 7,578 | 114,049 | |
Selectica, Inc. (a) | 552 | 2,539 | |
SPS Commerce, Inc. (a) | 5,106 | 126,884 | |
Stamps.com, Inc. (a)(d) | 5,476 | 141,555 | |
Support.com, Inc. (a) | 101,132 | 333,736 | |
Synacor, Inc. | 5,439 | 26,542 | |
TechTarget, Inc. (a) | 1,217 | 8,397 | |
TheStreet.com, Inc. | 3,696 | 6,801 | |
Travelzoo, Inc. (a)(d) | 5,383 | 136,728 | |
United Online, Inc. (d) | 71,982 | 364,229 | |
ValueClick, Inc. (a)(d) | 56,521 | 1,175,637 | |
VeriSign, Inc. (d) | 129,741 | 4,793,930 | |
VistaPrint Ltd. (a)(d) | 28,654 | 1,165,645 | |
Vocus, Inc. (a)(d) | 23,379 | 316,318 | |
Web.com, Inc. (a) | 17,847 | 236,294 | |
WebMD Health Corp. (a) | 42,405 | 1,053,764 | |
WebMediaBrands, Inc. (a) | 1,032 | 702 | |
XO Group, Inc. (a)(d) | 22,964 | 207,595 | |
Yahoo!, Inc. (a) | 952,403 | 14,124,136 | |
Zillow, Inc. (a) | 2,697 | 86,088 | |
Zix Corp. (a) | 43,773 | 128,255 | |
| 217,089,990 | ||
IT Services - 3.5% | |||
Accenture PLC Class A | 559,482 | 33,311,558 | |
Acxiom Corp. (a) | 52,919 | 742,983 | |
Alliance Data Systems Corp. (a)(d) | 49,861 | 6,051,131 | |
Automatic Data Processing, Inc. | 397,015 | 21,565,855 | |
Booz Allen Hamilton Holding Corp. Class A | 8,727 | 160,664 | |
Broadridge Financial Solutions, Inc. | 87,381 | 2,126,854 | |
CACI International, Inc. Class A (a)(d) | 20,462 | 1,210,123 | |
Cardtronics, Inc. (a) | 30,845 | 820,169 | |
Cass Information Systems, Inc. | 1,428 | 54,964 | |
Ciber, Inc. (a) | 53,912 | 236,135 | |
Cognizant Technology Solutions Corp. Class A (a) | 249,816 | 17,724,445 | |
Computer Sciences Corp. (d) | 116,344 | 3,695,085 | |
Computer Task Group, Inc. (a) | 1,648 | 24,242 | |
Convergys Corp. (a)(d) | 80,658 | 1,038,875 | |
CoreLogic, Inc. (a) | 76,798 | 1,181,153 | |
CSG Systems International, Inc. (a)(d) | 26,552 | 425,098 | |
CSP, Inc. | 3,696 | 14,119 | |
DST Systems, Inc. | 26,518 | 1,405,454 | |
Dynamics Research Corp. (a)(d) | 2,443 | 22,280 | |
Echo Global Logistics, Inc. (a)(d) | 7,746 | 144,076 | |
Edgewater Technology, Inc. (a) | 2,875 | 10,753 | |
EPAM Systems, Inc. | 6,277 | 88,568 | |
Euronet Worldwide, Inc. (a)(d) | 36,875 | 711,319 | |
ExlService Holdings, Inc. (a) | 13,702 | 381,190 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
IT Services - continued | |||
Fidelity National Information Services, Inc. | 242,609 | $ 7,697,984 | |
Fiserv, Inc. (a) | 126,468 | 8,384,828 | |
FleetCor Technologies, Inc. (a) | 22,298 | 825,695 | |
Forrester Research, Inc. | 10,441 | 336,513 | |
Gartner, Inc. Class A (a) | 61,997 | 2,495,999 | |
Genpact Ltd. (a) | 69,465 | 1,112,829 | |
Global Cash Access Holdings, Inc. (a)(d) | 58,402 | 324,715 | |
Global Payments, Inc. | 61,860 | 3,193,213 | |
Hackett Group, Inc. (a) | 5,515 | 26,582 | |
Heartland Payment Systems, Inc. | 30,852 | 873,729 | |
Higher One Holdings, Inc. (a)(d) | 21,234 | 312,140 | |
IBM Corp. | 946,365 | 186,178,386 | |
iGate Corp. (a)(d) | 19,383 | 337,846 | |
Innodata Isogen, Inc. (a) | 9,444 | 54,114 | |
Jack Henry & Associates, Inc. (d) | 64,694 | 2,182,776 | |
Lender Processing Services, Inc. | 62,754 | 1,383,098 | |
Lionbridge Technologies, Inc. (a) | 34,685 | 89,834 | |
ManTech International Corp. Class A | 23,021 | 772,124 | |
MasterCard, Inc. Class A | 81,964 | 34,424,880 | |
Mattersight Corp. (a) | 4,307 | 24,722 | |
Maximus, Inc. | 30,123 | 1,256,430 | |
ModusLink Global Solutions, Inc. | 31,030 | 172,527 | |
MoneyGram International, Inc. (a) | 47,720 | 855,142 | |
NCI, Inc. Class A (a)(d) | 12,261 | 88,279 | |
NeuStar, Inc. Class A (a)(d) | 51,899 | 1,819,060 | |
Online Resources Corp. (a) | 26,280 | 78,840 | |
Paychex, Inc. (d) | 246,065 | 7,701,835 | |
PFSweb, Inc. (a) | 1,815 | 5,082 | |
PRG-Schultz International, Inc. (a) | 5,640 | 31,471 | |
SAIC, Inc. (a)(d) | 273,792 | 3,345,738 | |
Sapient Corp. (d) | 97,843 | 1,222,059 | |
ServiceSource International, Inc. | 26,438 | 444,158 | |
StarTek, Inc. (a) | 1,950 | 3,959 | |
Storage Engine, Inc. (a) | 434 | 0 | |
Stream Global Services, Inc. (a) | 29,228 | 89,730 | |
Syntel, Inc. | 16,557 | 847,718 | |
Teletech Holdings, Inc. (a) | 19,293 | 294,604 | |
Teradata Corp. (a) | 126,713 | 8,432,750 | |
The Management Network Group, Inc. (a) | 206 | 515 | |
The Western Union Co. | 477,567 | 8,343,095 | |
TNS, Inc. (a) | 26,351 | 483,014 | |
Total System Services, Inc. | 136,562 | 2,987,977 | |
TSR, Inc. (a) | 43 | 189 | |
Unisys Corp. (a) | 35,389 | 661,067 | |
VeriFone Systems, Inc. (a)(d) | 74,468 | 3,566,273 | |
Virtusa Corp. (a) | 2,325 | 36,340 | |
Visa, Inc. Class A | 393,010 | 45,734,574 | |
Wright Express Corp. (a)(d) | 27,520 | 1,702,938 | |
| 434,384,464 | ||
| |||
Shares | Value | ||
Office Electronics - 0.1% | |||
Xerox Corp. | 1,207,010 | $ 9,933,692 | |
Zebra Technologies Corp. Class A (a) | 39,540 | 1,519,918 | |
| 11,453,610 | ||
Semiconductors & Semiconductor Equipment - 2.6% | |||
Advanced Energy Industries, Inc. (a)(d) | 31,081 | 372,972 | |
Advanced Micro Devices, Inc. (a)(d) | 423,974 | 3,116,209 | |
AEHR Test Systems (a) | 3,126 | 2,501 | |
Aetrium, Inc. (a) | 2,064 | 1,754 | |
Altera Corp. | 244,713 | 9,409,215 | |
Amkor Technology, Inc. (a)(d) | 114,967 | 734,639 | |
Amtech Systems, Inc. (a)(d) | 12,381 | 108,458 | |
ANADIGICS, Inc. (a)(d) | 39,656 | 101,916 | |
Analog Devices, Inc. | 259,067 | 10,158,017 | |
Applied Materials, Inc. | 1,081,624 | 13,239,078 | |
Applied Micro Circuits Corp. (a)(d) | 73,605 | 499,042 | |
Atmel Corp. (a)(d) | 322,880 | 3,264,317 | |
ATMI, Inc. (a) | 23,384 | 515,150 | |
AuthenTec, Inc. (a) | 7,194 | 25,179 | |
Axcelis Technologies, Inc. (a) | 75,586 | 125,473 | |
AXT, Inc. (a) | 22,615 | 129,584 | |
Broadcom Corp. Class A | 387,137 | 14,382,140 | |
Brooks Automation, Inc. | 46,495 | 555,615 | |
BTU International, Inc. (a) | 4,067 | 11,998 | |
Cabot Microelectronics Corp. | 23,133 | 1,162,433 | |
Cavium, Inc. (a)(d) | 36,402 | 1,300,643 | |
Ceva, Inc. (a)(d) | 14,448 | 356,143 | |
Cirrus Logic, Inc. (a)(d) | 43,561 | 1,027,168 | |
Cohu, Inc. | 18,095 | 203,026 | |
Cree, Inc. (a)(d) | 80,092 | 2,425,987 | |
CVD Equipment Corp. (a)(d) | 24,298 | 279,670 | |
Cymer, Inc. (a)(d) | 24,391 | 1,121,498 | |
Cypress Semiconductor Corp. (d) | 184,808 | 3,187,938 | |
Diodes, Inc. (a)(d) | 26,894 | 668,047 | |
DSP Group, Inc. (a) | 34,788 | 222,295 | |
Entegris, Inc. (a) | 103,421 | 934,926 | |
Entropic Communications, Inc. (a)(d) | 53,522 | 329,963 | |
Exar Corp. (a) | 27,190 | 190,330 | |
Fairchild Semiconductor International, Inc. (a) | 99,102 | 1,445,898 | |
First Solar, Inc. (a)(d) | 47,554 | 1,535,994 | |
FormFactor, Inc. (a) | 37,840 | 193,362 | |
FSI International, Inc. (a)(d) | 26,930 | 107,181 | |
GSI Technology, Inc. (a) | 4,316 | 19,854 | |
GT Advanced Technologies, Inc. (a)(d) | 91,707 | 785,012 | |
Hittite Microwave Corp. (a)(d) | 19,341 | 1,105,918 | |
Ikanos Communications, Inc. (a) | 35,040 | 26,301 | |
Inphi Corp. (a) | 9,279 | 133,246 | |
Integrated Device Technology, Inc. (a) | 100,471 | 694,255 | |
Integrated Silicon Solution, Inc. (a) | 27,085 | 286,559 | |
Intel Corp. | 4,067,111 | 109,323,944 | |
International Rectifier Corp. (a) | 50,327 | 1,129,841 | |
Intersil Corp. Class A (d) | 88,851 | 1,005,793 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Semiconductors & Semiconductor Equipment - continued | |||
Intest Corp. (a) | 2,175 | $ 7,547 | |
IXYS Corp. (a)(d) | 37,153 | 443,235 | |
KLA-Tencor Corp. | 134,341 | 6,502,104 | |
Kopin Corp. (a)(d) | 42,598 | 153,353 | |
Kulicke & Soffa Industries, Inc. (a) | 54,346 | 611,936 | |
Lam Research Corp. (a)(d) | 90,374 | 3,768,596 | |
Lattice Semiconductor Corp. (a) | 136,230 | 897,756 | |
Linear Technology Corp. | 156,591 | 5,242,667 | |
LSI Corp. (a) | 436,463 | 3,753,582 | |
LTX-Credence Corp. (a) | 48,731 | 328,934 | |
Marvell Technology Group Ltd. (a) | 448,792 | 6,731,880 | |
Mattson Technology, Inc. (a) | 39,367 | 108,259 | |
Maxim Integrated Products, Inc. | 221,144 | 6,167,706 | |
MaxLinear, Inc. Class A (a) | 10,522 | 57,871 | |
MEMC Electronic Materials, Inc. (a)(d) | 169,051 | 664,370 | |
Micrel, Inc. | 33,398 | 356,357 | |
Microchip Technology, Inc. (d) | 142,451 | 5,138,208 | |
Micron Technology, Inc. (a)(d) | 676,849 | 5,787,059 | |
Microsemi Corp. (a)(d) | 62,713 | 1,311,956 | |
Mindspeed Technologies, Inc. (a) | 20,470 | 133,260 | |
MIPS Technologies, Inc. (a)(d) | 41,504 | 239,063 | |
MKS Instruments, Inc. | 37,798 | 1,132,050 | |
Monolithic Power Systems, Inc. (a) | 35,284 | 655,930 | |
MoSys, Inc. (a)(d) | 9,566 | 36,542 | |
Nanometrics, Inc. (a)(d) | 28,664 | 503,053 | |
Novellus Systems, Inc. (a) | 59,418 | 2,761,749 | |
NVE Corp. (a)(d) | 6,043 | 323,301 | |
NVIDIA Corp. (a) | 448,017 | 6,787,458 | |
Omnivision Technologies, Inc. (a)(d) | 44,394 | 726,730 | |
ON Semiconductor Corp. (a) | 400,227 | 3,630,059 | |
PDF Solutions, Inc. (a) | 4,311 | 34,617 | |
Pericom Semiconductor Corp. (a) | 17,514 | 134,683 | |
Photronics, Inc. (a)(d) | 74,723 | 523,808 | |
Pixelworks, Inc. (a) | 11,868 | 28,246 | |
PLX Technology, Inc. (a)(d) | 29,807 | 104,623 | |
PMC-Sierra, Inc. (a) | 166,615 | 1,144,645 | |
Power Integrations, Inc. | 28,590 | 1,066,407 | |
QuickLogic Corp. (a)(d) | 26,338 | 68,479 | |
Rambus, Inc. (a) | 76,083 | 538,668 | |
Ramtron International Corp. (a) | 22,353 | 42,471 | |
RF Micro Devices, Inc. (a)(d) | 198,693 | 947,766 | |
Rubicon Technology, Inc. (a)(d) | 18,271 | 163,891 | |
Rudolph Technologies, Inc. (a)(d) | 17,933 | 176,999 | |
Semtech Corp. (a)(d) | 45,838 | 1,316,009 | |
Sigma Designs, Inc. (a) | 22,818 | 131,204 | |
Silicon Image, Inc. (a) | 84,424 | 436,472 | |
Silicon Laboratories, Inc. (a)(d) | 30,879 | 1,383,379 | |
Skyworks Solutions, Inc. (a)(d) | 197,217 | 5,318,942 | |
Spansion, Inc. Class A (a) | 25,556 | 327,117 | |
Standard Microsystems Corp. (a)(d) | 24,875 | 636,551 | |
STR Holdings, Inc. (a)(d) | 37,233 | 264,354 | |
| |||
Shares | Value | ||
SunPower Corp. (a) | 29,517 | $ 222,263 | |
Supertex, Inc. (a) | 19,548 | 360,856 | |
Teradyne, Inc. (a)(d) | 178,524 | 2,931,364 | |
Tessera Technologies, Inc. (a) | 33,779 | 567,487 | |
Texas Instruments, Inc. | 941,830 | 31,410,031 | |
TranSwitch Corp. (a) | 16,133 | 45,656 | |
Trio-Tech International (a) | 3,696 | 7,392 | |
TriQuint Semiconductor, Inc. (a)(d) | 138,618 | 892,700 | |
Ultra Clean Holdings, Inc. (a) | 12,895 | 105,352 | |
Ultratech, Inc. (a) | 31,408 | 854,612 | |
Veeco Instruments, Inc. (a)(d) | 36,173 | 978,118 | |
Vitesse Semiconductor Corp. (a)(d) | 9,484 | 37,746 | |
Volterra Semiconductor Corp. (a)(d) | 28,138 | 864,681 | |
Xilinx, Inc. (d) | 198,755 | 7,340,022 | |
| 314,326,664 | ||
Software - 3.8% | |||
Accelrys, Inc. (a) | 29,972 | 237,978 | |
ACI Worldwide, Inc. (a) | 37,489 | 1,416,334 | |
Activision Blizzard, Inc. (d) | 335,744 | 4,012,141 | |
Actuate Corp. (a) | 42,170 | 254,707 | |
Adobe Systems, Inc. (a) | 404,590 | 13,306,965 | |
Advent Software, Inc. (a)(d) | 32,795 | 843,815 | |
American Software, Inc. Class A | 3,798 | 31,561 | |
ANSYS, Inc. (a)(d) | 71,510 | 4,518,002 | |
Ariba, Inc. (a)(d) | 71,414 | 2,247,399 | |
Aspen Technology, Inc. (a)(d) | 68,551 | 1,409,409 | |
Autodesk, Inc. (a) | 171,089 | 6,475,719 | |
Bitstream, Inc. Class A (a) | 5,202 | 28,039 | |
Blackbaud, Inc. | 29,935 | 944,449 | |
BMC Software, Inc. (a) | 131,423 | 4,920,477 | |
Bottomline Technologies, Inc. (a)(d) | 23,633 | 664,087 | |
BroadSoft, Inc. (a) | 20,047 | 729,109 | |
BSQUARE Corp. (a) | 11,182 | 37,348 | |
CA, Inc. | 338,055 | 9,137,627 | |
Cadence Design Systems, Inc. (a)(d) | 209,415 | 2,464,815 | |
Callidus Software, Inc. (a)(d) | 12,639 | 93,655 | |
Citrix Systems, Inc. (a) | 157,066 | 11,739,113 | |
CommVault Systems, Inc. (a)(d) | 36,151 | 1,864,307 | |
Compuware Corp. (a) | 146,255 | 1,317,758 | |
Concur Technologies, Inc. (a)(d) | 32,419 | 1,911,100 | |
Convio, Inc. (a) | 5,835 | 91,376 | |
Datawatch Corp. (a) | 1,950 | 27,222 | |
Deltek, Inc. (a) | 2,618 | 28,877 | |
Digimarc Corp. (a) | 1,836 | 51,206 | |
Ebix, Inc. (d) | 31,393 | 731,457 | |
Electronic Arts, Inc. (a) | 249,134 | 4,068,358 | |
Ellie Mae, Inc. | 10,964 | 91,549 | |
EPIQ Systems, Inc. (d) | 38,746 | 445,192 | |
ePlus, Inc. (a) | 762 | 24,399 | |
FactSet Research Systems, Inc. | 29,192 | 2,551,381 | |
Fair Isaac Corp. | 37,437 | 1,515,450 | |
FalconStor Software, Inc. (a) | 21,866 | 62,318 | |
Fonix Corp. (a) | 1 | 0 | |
Common Stocks - continued | |||
Shares | Value | ||
INFORMATION TECHNOLOGY - continued | |||
Software - continued | |||
Fortinet, Inc. (a)(d) | 123,327 | $ 3,335,995 | |
Glu Mobile, Inc. (a)(d) | 27,012 | 102,105 | |
GSE Systems, Inc. (a) | 388 | 729 | |
Guidance Software, Inc. (a) | 3,531 | 40,289 | |
Guidewire Software, Inc. | 5,991 | 135,516 | |
Imperva, Inc. | 3,643 | 134,973 | |
Informatica Corp. (a)(d) | 99,837 | 4,907,987 | |
Interactive Intelligence Group, Inc. (a) | 8,029 | 224,812 | |
Intuit, Inc. | 214,635 | 12,414,488 | |
JDA Software Group, Inc. (a)(d) | 38,809 | 972,554 | |
Jive Software, Inc. | 9,842 | 214,654 | |
Kenexa Corp. (a)(d) | 15,879 | 441,277 | |
Majesco Entertainment Co. (a)(d) | 19,952 | 49,680 | |
Manhattan Associates, Inc. (a) | 20,570 | 953,625 | |
Mentor Graphics Corp. (a) | 80,500 | 1,220,380 | |
MICROS Systems, Inc. (a)(d) | 56,461 | 2,932,020 | |
Microsoft Corp. | 5,982,117 | 189,872,394 | |
MicroStrategy, Inc. Class A (a)(d) | 7,880 | 1,068,449 | |
Mitek Systems, Inc. (a)(d) | 15,896 | 165,318 | |
Monotype Imaging Holdings, Inc. (a) | 14,180 | 198,945 | |
Motricity, Inc. (a)(d) | 42,402 | 56,395 | |
NetScout Systems, Inc. (a)(d) | 23,369 | 496,124 | |
NetSol Technologies, Inc. (a) | 101,658 | 54,895 | |
NetSuite, Inc. (a) | 19,234 | 917,462 | |
Nuance Communications, Inc. (a)(d) | 213,353 | 5,530,110 | |
Opnet Technologies, Inc. | 7,189 | 205,246 | |
Oracle Corp. | 3,107,810 | 90,965,599 | |
Parametric Technology Corp. (a) | 83,074 | 2,218,076 | |
Peerless Systems Corp. (a) | 172 | 669 | |
Pegasystems, Inc. | 16,328 | 458,490 | |
Pervasive Software, Inc. (a) | 4,203 | 25,260 | |
Progress Software Corp. (a)(d) | 47,192 | 1,094,382 | |
PROS Holdings, Inc. (a)(d) | 12,895 | 226,049 | |
QAD, Inc. Class B | 4,298 | 59,098 | |
QLIK Technologies, Inc. (a) | 54,045 | 1,635,942 | |
Quest Software, Inc. (a) | 39,589 | 792,572 | |
RealPage, Inc. (a) | 20,932 | 415,082 | |
Red Hat, Inc. (a) | 157,804 | 7,804,986 | |
Rosetta Stone, Inc. (a) | 8,315 | 75,084 | |
Rovi Corp. (a) | 86,281 | 3,061,250 | |
salesforce.com, Inc. (a)(d) | 96,462 | 13,809,500 | |
SeaChange International, Inc. (a) | 17,668 | 120,849 | |
Smith Micro Software, Inc. (a) | 20,978 | 53,284 | |
SolarWinds, Inc. (a) | 41,125 | 1,532,318 | |
Solera Holdings, Inc. | 55,386 | 2,658,528 | |
Sonic Foundry, Inc. (a) | 155 | 1,142 | |
Sourcefire, Inc. (a)(d) | 26,600 | 1,197,532 | |
SRS Labs, Inc. (a) | 6,521 | 43,625 | |
SS&C Technologies Holdings, Inc. (a) | 18,752 | 388,541 | |
Symantec Corp. (a) | 570,036 | 10,169,442 | |
Synchronoss Technologies, Inc. (a)(d) | 29,419 | 984,360 | |
| |||
Shares | Value | ||
Synopsys, Inc. (a) | 143,372 | $ 4,368,545 | |
Take-Two Interactive Software, Inc. (a)(d) | 62,163 | 960,418 | |
Taleo Corp. Class A (a)(d) | 24,860 | 1,139,085 | |
Tangoe, Inc. (a) | 32,304 | 605,377 | |
TeleCommunication Systems, Inc. Class A (a) | 49,377 | 132,330 | |
TeleNav, Inc. (a) | 12,035 | 80,875 | |
THQ, Inc. (a)(d) | 76,823 | 41,484 | |
TIBCO Software, Inc. (a) | 129,577 | 3,753,846 | |
TiVo, Inc. (a) | 82,213 | 924,896 | |
Tyler Technologies, Inc. (a)(d) | 30,080 | 1,136,122 | |
Ultimate Software Group, Inc. (a)(d) | 18,004 | 1,257,039 | |
Vasco Data Security International, Inc. (a)(d) | 30,246 | 273,424 | |
Verint Systems, Inc. (a) | 23,323 | 641,149 | |
Versant Corp. (a) | 275 | 2,855 | |
VirnetX Holding Corp. (a)(d) | 42,196 | 911,012 | |
VMware, Inc. Class A (a) | 59,262 | 5,860,419 | |
Wave Systems Corp. Class A (a)(d) | 52,444 | 105,412 | |
Websense, Inc. (a)(d) | 31,243 | 562,686 | |
Zynga, Inc. (d) | 81,974 | 1,079,598 | |
| 470,569,353 | ||
TOTAL INFORMATION TECHNOLOGY | 2,364,767,502 | ||
MATERIALS - 4.0% | |||
Chemicals - 2.4% | |||
A. Schulman, Inc. (d) | 28,352 | 732,616 | |
ADA-ES, Inc. (a) | 7,109 | 159,739 | |
Air Products & Chemicals, Inc. | 170,671 | 15,401,351 | |
Airgas, Inc. | 49,779 | 4,098,305 | |
Albemarle Corp. | 65,910 | 4,384,333 | |
American Pacific Corp. (a) | 688 | 5,346 | |
American Vanguard Corp. (d) | 23,997 | 396,430 | |
Arabian American Development Co. (a) | 12,294 | 97,491 | |
Ashland, Inc. | 50,811 | 3,229,547 | |
Balchem Corp. (d) | 26,952 | 734,442 | |
Cabot Corp. | 41,807 | 1,693,602 | |
Calgon Carbon Corp. (a)(d) | 83,129 | 1,256,079 | |
Celanese Corp. Class A | 129,149 | 6,143,618 | |
CF Industries Holdings, Inc. | 57,618 | 10,716,948 | |
Chase Corp. | 859 | 12,456 | |
Chemtura Corp. (a) | 73,070 | 1,134,046 | |
Clean Diesel Technologies, Inc. (a)(d) | 22,307 | 67,144 | |
Core Molding Technologies, Inc. (a) | 5,919 | 56,645 | |
Cytec Industries, Inc. | 34,436 | 2,047,565 | |
Dow Chemical Co. | 935,587 | 31,351,520 | |
E.I. du Pont de Nemours & Co. | 755,442 | 38,414,226 | |
Eastman Chemical Co. | 97,132 | 5,257,755 | |
Ecolab, Inc. | 229,294 | 13,757,640 | |
Ferro Corp. (a)(d) | 55,113 | 305,877 | |
Flotek Industries, Inc. (a)(d) | 54,967 | 615,081 | |
FMC Corp. | 56,197 | 5,561,817 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Chemicals - continued | |||
FutureFuel Corp. | 9,540 | $ 105,417 | |
Georgia Gulf Corp. (a) | 23,211 | 748,787 | |
GSE Holding, Inc. | 2,100 | 25,515 | |
H.B. Fuller Co. (d) | 32,855 | 989,921 | |
Hawkins, Inc. | 5,329 | 206,499 | |
Huntsman Corp. | 140,478 | 1,918,929 | |
Innophos Holdings, Inc. | 16,934 | 853,135 | |
International Flavors & Fragrances, Inc. (d) | 77,751 | 4,434,140 | |
Intrepid Potash, Inc. (a)(d) | 39,192 | 991,166 | |
KMG Chemicals, Inc. | 10,303 | 178,757 | |
Koppers Holdings, Inc. | 22,254 | 837,418 | |
Kraton Performance Polymers, Inc. (a) | 20,094 | 558,412 | |
Kronos Worldwide, Inc. | 11,327 | 264,712 | |
Landec Corp. (a) | 25,874 | 163,006 | |
LSB Industries, Inc. (a)(d) | 18,952 | 762,249 | |
LyondellBasell Industries NV Class A | 283,794 | 12,254,225 | |
Material Sciences Corp. (a) | 4,565 | 39,533 | |
Minerals Technologies, Inc. | 17,066 | 1,101,952 | |
Monsanto Co. | 438,818 | 33,955,737 | |
Nanophase Technologies Corp. (a) | 3,795 | 2,429 | |
NewMarket Corp. | 7,381 | 1,346,516 | |
Olin Corp. (d) | 49,032 | 1,031,143 | |
OM Group, Inc. (a)(d) | 23,696 | 651,166 | |
OMNOVA Solutions, Inc. (a)(d) | 32,261 | 164,531 | |
Penford Corp. (a) | 6,469 | 37,261 | |
PolyOne Corp. | 70,747 | 950,132 | |
PPG Industries, Inc. | 126,786 | 11,569,223 | |
Praxair, Inc. | 243,959 | 26,591,531 | |
Quaker Chemical Corp. | 14,473 | 596,432 | |
Rockwood Holdings, Inc. (a) | 49,361 | 2,628,473 | |
RPM International, Inc. (d) | 90,249 | 2,154,244 | |
Senomyx, Inc. (a)(d) | 18,447 | 63,273 | |
Sensient Technologies Corp. (d) | 57,162 | 2,114,422 | |
Sherwin-Williams Co. | 69,774 | 7,197,188 | |
Sigma Aldrich Corp. | 94,992 | 6,819,476 | |
Solutia, Inc. | 87,015 | 2,445,992 | |
Spartech Corp. (a) | 19,316 | 112,033 | |
Stepan Co. | 8,487 | 742,018 | |
The Mosaic Co. | 219,915 | 12,700,091 | |
The Scotts Miracle-Gro Co. Class A (d) | 29,091 | 1,362,622 | |
TPC Group, Inc. (a) | 11,175 | 388,220 | |
Tredegar Corp. | 24,439 | 567,962 | |
Valhi, Inc. | 4,002 | 229,515 | |
Valspar Corp. | 85,270 | 3,952,265 | |
W.R. Grace & Co. (a) | 43,184 | 2,459,761 | |
Westlake Chemical Corp. | 12,747 | 767,752 | |
Zep, Inc. | 16,526 | 250,699 | |
Zoltek Companies, Inc. (a)(d) | 40,249 | 486,610 | |
| 298,404,109 | ||
| |||
Shares | Value | ||
Construction Materials - 0.1% | |||
Eagle Materials, Inc. (d) | 36,470 | $ 1,144,429 | |
Headwaters, Inc. (a) | 93,443 | 284,067 | |
Martin Marietta Materials, Inc. | 41,456 | 3,559,827 | |
Texas Industries, Inc. (d) | 16,333 | 552,545 | |
U.S. Concrete, Inc. (a) | 13,793 | 57,931 | |
Vulcan Materials Co. | 106,365 | 4,739,624 | |
| 10,338,423 | ||
Containers & Packaging - 0.3% | |||
AEP Industries, Inc. (a) | 6,511 | 227,169 | |
Aptargroup, Inc. (d) | 41,303 | 2,179,972 | |
Ball Corp. | 134,650 | 5,396,772 | |
Bemis Co., Inc. (d) | 87,122 | 2,733,017 | |
Boise, Inc. | 80,405 | 661,733 | |
Crown Holdings, Inc. (a) | 110,291 | 4,077,458 | |
Graphic Packaging Holding Co. (a) | 145,268 | 767,015 | |
Greif, Inc. Class A (d) | 29,099 | 1,490,160 | |
MOD-PAC Corp. (sub. vtg.) (a) | 989 | 6,339 | |
Myers Industries, Inc. | 17,337 | 230,929 | |
Owens-Illinois, Inc. (a) | 119,395 | 2,853,541 | |
Packaging Corp. of America | 69,635 | 2,063,981 | |
Rock-Tenn Co. Class A | 51,739 | 3,647,082 | |
Sealed Air Corp. | 144,059 | 2,827,878 | |
Silgan Holdings, Inc. | 35,329 | 1,502,189 | |
Sonoco Products Co. | 69,472 | 2,281,460 | |
UFP Technologies, Inc. (a) | 1,379 | 24,229 | |
| 32,970,924 | ||
Metals & Mining - 1.0% | |||
A.M. Castle & Co. (a)(d) | 15,455 | 176,960 | |
AK Steel Holding Corp. (d) | 121,218 | 960,047 | |
Alcoa, Inc. | 919,985 | 9,356,247 | |
Allegheny Technologies, Inc. | 77,522 | 3,400,890 | |
Allied Nevada Gold Corp. (a)(d) | 66,857 | 2,300,549 | |
Amcol International Corp. | 18,664 | 547,415 | |
Carpenter Technology Corp. | 31,548 | 1,618,412 | |
Century Aluminum Co. (a)(d) | 49,996 | 490,461 | |
Cliffs Natural Resources, Inc. | 111,449 | 7,074,783 | |
Coeur d'Alene Mines Corp. (a)(d) | 92,048 | 2,617,845 | |
Commercial Metals Co. | 82,162 | 1,091,933 | |
Compass Minerals International, Inc. | 22,090 | 1,591,585 | |
Comstock Mining, Inc. (a) | 12,441 | 25,131 | |
Freeport-McMoRan Copper & Gold, Inc. | 756,136 | 32,181,148 | |
Friedman Industries | 2,001 | 20,910 | |
General Moly, Inc. (a)(d) | 49,482 | 178,630 | |
Globe Specialty Metals, Inc. | 35,832 | 509,531 | |
Golden Minerals Co. (a)(d) | 22,525 | 187,859 | |
Handy & Harman Ltd. (a) | 4,348 | 52,785 | |
Haynes International, Inc. | 8,639 | 546,762 | |
Hecla Mining Co. | 227,588 | 1,156,147 | |
Horsehead Holding Corp. (a) | 39,520 | 450,528 | |
Kaiser Aluminum Corp. (d) | 16,273 | 786,637 | |
Materion Corp. (a) | 22,336 | 655,562 | |
Common Stocks - continued | |||
Shares | Value | ||
MATERIALS - continued | |||
Metals & Mining - continued | |||
McEwen Mining, Inc. (a)(d) | 153,111 | $ 800,771 | |
Metals USA Holdings Corp. (a) | 10,388 | 135,875 | |
Mines Management, Inc. (a)(d) | 12,500 | 25,125 | |
Molycorp, Inc. (a)(d) | 46,127 | 1,139,337 | |
Newmont Mining Corp. | 380,920 | 22,626,648 | |
Noranda Aluminium Holding Corp. | 34,612 | 415,344 | |
Nucor Corp. | 219,158 | 9,539,948 | |
Olympic Steel, Inc. | 9,587 | 224,719 | |
Reliance Steel & Aluminum Co. | 58,834 | 3,160,562 | |
Royal Gold, Inc. | 42,217 | 2,931,971 | |
RTI International Metals, Inc. (a)(d) | 27,976 | 630,579 | |
Schnitzer Steel Inds, Inc. Class A (d) | 16,509 | 745,546 | |
Silver Bull Resources, Inc. (a)(d) | 34,716 | 19,788 | |
Solitario Exploration & Royalty Corp. (a) | 7,900 | 11,139 | |
Southern Copper Corp. (d) | 168,589 | 5,421,822 | |
Steel Dynamics, Inc. | 160,458 | 2,376,383 | |
Stillwater Mining Co. (a)(d) | 84,322 | 1,197,372 | |
SunCoke Energy, Inc. (a) | 54,343 | 778,735 | |
Synalloy Corp. | 602 | 7,615 | |
Titanium Metals Corp. | 121,957 | 1,787,890 | |
U.S. Silica Holdings, Inc. | 9,838 | 166,459 | |
United States Steel Corp. (d) | 106,239 | 2,891,826 | |
Universal Stainless & Alloy Products, Inc. (a) | 4,997 | 167,300 | |
US Energy Corp. (a) | 13,579 | 44,675 | |
Vista Gold Corp. (a)(d) | 30,419 | 107,683 | |
Walter Energy, Inc. | 48,021 | 3,113,201 | |
Worthington Industries, Inc. | 42,754 | 721,260 | |
| 129,168,330 | ||
Paper & Forest Products - 0.2% | |||
AbitibiBowater, Inc. (a)(d) | 58,314 | 892,204 | |
Buckeye Technologies, Inc. | 38,686 | 1,321,514 | |
Clearwater Paper Corp. (a) | 17,308 | 593,837 | |
Deltic Timber Corp. | 13,533 | 882,487 | |
Domtar Corp. | 31,471 | 3,017,125 | |
Glatfelter | 36,975 | 577,180 | |
International Paper Co. | 320,065 | 11,250,285 | |
Kapstone Paper & Packaging Corp. (a) | 27,514 | 553,031 | |
Louisiana-Pacific Corp. (a)(d) | 87,254 | 712,865 | |
MeadWestvaco Corp. | 135,474 | 4,102,153 | |
Neenah Paper, Inc. | 13,754 | 383,599 | |
Schweitzer-Mauduit International, Inc. | 12,453 | 872,333 | |
Verso Paper Corp. (a) | 16,407 | 21,329 | |
Wausau-Mosinee Paper Corp. | 43,988 | 410,848 | |
| 25,590,790 | ||
TOTAL MATERIALS | 496,472,576 | ||
| |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - 2.5% | |||
Diversified Telecommunication Services - 2.2% | |||
8x8, Inc. (a)(d) | 54,427 | $ 233,492 | |
AboveNet, Inc. (a)(d) | 19,425 | 1,351,203 | |
Alaska Communication Systems Group, Inc. (d) | 91,658 | 293,306 | |
Allegiance Telecom, Inc. (a) | 7,100 | 0 | |
AT&T, Inc. | 4,755,975 | 145,485,275 | |
Atlantic Tele-Network, Inc. | 16,949 | 649,486 | |
Boingo Wireless, Inc. | 15,589 | 149,031 | |
Cbeyond, Inc. (a) | 34,447 | 264,553 | |
CenturyLink, Inc. | 476,960 | 19,197,640 | |
Cincinnati Bell, Inc. New (a)(d) | 146,179 | 548,171 | |
Cogent Communications Group, Inc. (a) | 45,760 | 842,899 | |
Consolidated Communications Holdings, Inc. (d) | 37,636 | 713,955 | |
Elephant Talk Communication, Inc. (a)(d) | 40,052 | 85,711 | |
FairPoint Communications, Inc. (a)(d) | 39,538 | 148,663 | |
Frontier Communications Corp. (d) | 749,270 | 3,439,149 | |
General Communications, Inc. Class A (a) | 33,964 | 359,679 | |
Globalstar, Inc. (a)(d) | 95,723 | 81,518 | |
Hawaiian Telcom Holdco, Inc. (a) | 7,614 | 119,692 | |
HickoryTech Corp. | 2,523 | 27,097 | |
IDT Corp. Class B | 36,897 | 333,918 | |
inContact, Inc. (a) | 21,298 | 113,518 | |
Iridium Communications, Inc. (a)(d) | 61,404 | 469,127 | |
Level 3 Communications, Inc. (a) | 186,635 | 4,537,097 | |
Lumos Networks Corp. | 10,948 | 140,134 | |
Neutral Tandem, Inc. (a) | 28,172 | 314,400 | |
Premiere Global Services, Inc. (a) | 54,821 | 474,202 | |
Primus Telecommunications Group, Inc. (a) | 10,437 | 143,509 | |
SureWest Communications | 15,725 | 352,397 | |
Towerstream Corp. (a)(d) | 34,148 | 96,980 | |
tw telecom, inc. (a)(d) | 109,402 | 2,363,083 | |
Verizon Communications, Inc. | 2,254,924 | 85,935,154 | |
Vonage Holdings Corp. (a) | 108,539 | 259,408 | |
Windstream Corp. (d) | 403,983 | 4,880,115 | |
| 274,403,562 | ||
Wireless Telecommunication Services - 0.3% | |||
Clearwire Corp. Class A (a)(d) | 187,420 | 431,066 | |
Crown Castle International Corp. (a) | 182,816 | 9,471,697 | |
Leap Wireless International, Inc. (a) | 51,525 | 537,921 | |
MetroPCS Communications, Inc. (a) | 322,874 | 3,325,602 | |
NII Holdings, Inc. (a)(d) | 126,821 | 2,267,559 | |
NTELOS Holdings Corp. | 10,948 | 254,541 | |
SBA Communications Corp. Class A (a)(d) | 91,252 | 4,282,456 | |
Shenandoah Telecommunications Co. (d) | 22,919 | 228,961 | |
Sprint Nextel Corp. (a) | 2,227,579 | 5,502,120 | |
Telephone & Data Systems, Inc. | 73,288 | 1,851,988 | |
Common Stocks - continued | |||
Shares | Value | ||
TELECOMMUNICATION SERVICES - continued | |||
Wireless Telecommunication Services - continued | |||
U.S. Cellular Corp. (a)(d) | 14,322 | $ 617,851 | |
USA Mobility, Inc. | 28,203 | 386,945 | |
| 29,158,707 | ||
TOTAL TELECOMMUNICATION SERVICES | 303,562,269 | ||
UTILITIES - 3.4% | |||
Electric Utilities - 1.7% | |||
Allete, Inc. (d) | 33,215 | 1,381,080 | |
American Electric Power Co., Inc. | 366,241 | 13,774,324 | |
Central Vermont Public Service Corp. (d) | 19,324 | 680,978 | |
Cleco Corp. (d) | 54,483 | 2,096,506 | |
Duke Energy Corp. | 1,032,626 | 21,602,536 | |
Edison International | 243,928 | 10,213,265 | |
El Paso Electric Co. | 44,691 | 1,462,736 | |
Empire District Electric Co. | 52,048 | 1,038,358 | |
Entergy Corp. | 153,247 | 10,210,848 | |
Exelon Corp. | 537,367 | 20,994,929 | |
FirstEnergy Corp. | 351,230 | 15,555,977 | |
Great Plains Energy, Inc. | 94,773 | 1,874,610 | |
Hawaiian Electric Industries, Inc. (d) | 66,479 | 1,665,299 | |
IDACORP, Inc. | 35,161 | 1,423,317 | |
ITC Holdings Corp. | 52,881 | 3,991,458 | |
MGE Energy, Inc. | 22,576 | 990,183 | |
NextEra Energy, Inc. | 338,664 | 20,153,895 | |
Northeast Utilities | 122,863 | 4,410,782 | |
NV Energy, Inc. | 181,962 | 2,853,164 | |
Otter Tail Corp. | 32,419 | 688,580 | |
Pepco Holdings, Inc. | 155,532 | 3,023,542 | |
Pinnacle West Capital Corp. | 77,059 | 3,624,085 | |
PNM Resources, Inc. | 67,114 | 1,206,710 | |
Portland General Electric Co. | 65,957 | 1,625,180 | |
PPL Corp. | 487,826 | 13,927,432 | |
Progress Energy, Inc. | 222,099 | 11,789,015 | |
Southern Co. | 690,945 | 30,532,860 | |
UIL Holdings Corp. | 34,543 | 1,217,641 | |
Unisource Energy Corp. | 32,111 | 1,181,364 | |
Unitil Corp. | 19,695 | 523,887 | |
Westar Energy, Inc. | 76,364 | 2,101,537 | |
| 207,816,078 | ||
Gas Utilities - 0.2% | |||
AGL Resources, Inc. | 84,990 | 3,388,551 | |
Atmos Energy Corp. | 67,549 | 2,075,781 | |
Chesapeake Utilities Corp. (d) | 10,363 | 425,608 | |
Delta Natural Gas Co., Inc. | 1,539 | 58,605 | |
Gas Natural, Inc. | 1,949 | 21,731 | |
Laclede Group, Inc. | 27,494 | 1,129,728 | |
National Fuel Gas Co. | 56,086 | 2,822,808 | |
New Jersey Resources Corp. | 30,189 | 1,409,524 | |
Northwest Natural Gas Co. (d) | 34,699 | 1,588,173 | |
| |||
Shares | Value | ||
ONEOK, Inc. | 80,943 | $ 6,689,130 | |
Piedmont Natural Gas Co., Inc. | 66,004 | 2,138,530 | |
Questar Corp. | 120,840 | 2,322,545 | |
South Jersey Industries, Inc. | 25,563 | 1,329,276 | |
Southwest Gas Corp. | 38,877 | 1,658,104 | |
UGI Corp. | 77,479 | 2,188,782 | |
WGL Holdings, Inc. (d) | 35,927 | 1,466,899 | |
| 30,713,775 | ||
Independent Power Producers & Energy Traders - 0.2% | |||
Black Hills Corp. | 38,823 | 1,274,947 | |
Calpine Corp. (a)(d) | 290,000 | 4,439,900 | |
Constellation Energy Group, Inc. | 134,026 | 4,859,783 | |
Dynegy, Inc. (a)(d) | 77,498 | 100,747 | |
Genie Energy Ltd. Class B | 11,430 | 109,614 | |
GenOn Energy, Inc. (a) | 573,550 | 1,410,933 | |
NRG Energy, Inc. (a) | 189,652 | 3,243,049 | |
Ormat Technologies, Inc. | 25,950 | 525,228 | |
Tegal Corp. (a) | 87 | 290 | |
The AES Corp. (a) | 604,562 | 8,197,861 | |
| 24,162,352 | ||
Multi-Utilities - 1.2% | |||
Alliant Energy Corp. | 75,902 | 3,236,461 | |
Ameren Corp. | 176,734 | 5,667,859 | |
Avista Corp. | 62,033 | 1,532,215 | |
CenterPoint Energy, Inc. | 319,442 | 6,225,925 | |
CH Energy Group, Inc. (d) | 17,708 | 1,180,592 | |
CMS Energy Corp. | 175,000 | 3,746,750 | |
Consolidated Edison, Inc. | 240,766 | 13,988,505 | |
Dominion Resources, Inc. | 455,703 | 22,999,330 | |
DTE Energy Co. | 125,312 | 6,765,595 | |
Integrys Energy Group, Inc. | 53,328 | 2,774,656 | |
MDU Resources Group, Inc. | 139,832 | 3,034,354 | |
NiSource, Inc. (d) | 245,673 | 5,896,152 | |
NorthWestern Energy Corp. | 42,329 | 1,470,086 | |
NSTAR | 83,673 | 3,924,264 | |
OGE Energy Corp. | 87,987 | 4,617,558 | |
PG&E Corp. | 338,723 | 14,117,975 | |
Public Service Enterprise Group, Inc. | 385,925 | 11,878,772 | |
SCANA Corp. | 113,750 | 5,118,750 | |
Sempra Energy (d) | 169,220 | 10,024,593 | |
TECO Energy, Inc. (d) | 132,305 | 2,374,875 | |
Vectren Corp. | 57,016 | 1,666,008 | |
Wisconsin Energy Corp. | 171,718 | 5,852,149 | |
Xcel Energy, Inc. | 428,748 | 11,357,535 | |
| 149,450,959 | ||
Water Utilities - 0.1% | |||
American States Water Co. (d) | 24,187 | 891,533 | |
American Water Works Co., Inc. | 135,341 | 4,639,489 | |
Aqua America, Inc. | 94,472 | 2,098,223 | |
Artesian Resources Corp. Class A | 7,116 | 135,916 | |
Cadiz, Inc. (a) | 5,759 | 61,161 | |
California Water Service Group | 51,749 | 994,098 | |
Common Stocks - continued | |||
Shares | Value | ||
UTILITIES - continued | |||
Water Utilities - continued | |||
Connecticut Water Service, Inc. | 1,945 | $ 56,055 | |
Middlesex Water Co. | 5,464 | 100,647 | |
SJW Corp. | 10,920 | 260,879 | |
York Water Co. | 4,047 | 70,135 | |
| 9,308,136 | ||
TOTAL UTILITIES | 421,451,300 | ||
TOTAL COMMON STOCKS (Cost $10,517,791,599) |
|
Nonconvertible Bonds - 0.0% | ||||
| Principal |
| ||
FINANCIALS - 0.0% | ||||
Capital Markets - 0.0% | ||||
GAMCO Investors, Inc. 0% 12/31/15 (Cost $22,633) | $ 22,600 |
| ||
U.S. Treasury Obligations - 0.1% | ||||
| ||||
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.09% 3/8/12 to 7/19/12 (e) | 16,500,000 |
|
Money Market Funds - 12.3% | |||
Shares |
| ||
Fidelity Cash Central Fund, 0.12% (b) | 114,228,901 | 114,228,901 | |
Fidelity Securities Lending Cash Central Fund, 0.12% (b)(c) | 1,396,046,732 | 1,396,046,732 | |
TOTAL MONEY MARKET FUNDS (Cost $1,510,275,633) |
| ||
TOTAL INVESTMENT (Cost $12,044,587,798) | 13,668,608,771 | ||
NET OTHER ASSETS | (1,374,027,689) | ||
NET ASSETS - 100% | $ 12,294,581,082 |
Futures Contracts | |||||
Expiration | Underlying | Unrealized | |||
Purchased | |||||
Equity Index Contracts | |||||
1,271 CME E-mini S&P 500 Index Contracts | March 2012 | $ 86,707,620 | $ 7,071,875 | ||
92 CME E-mini S&P Midcap 400 Index Contracts | March 2012 | 8,984,720 | 877,732 | ||
112 CME S&P 500 Index Contracts | March 2012 | 38,203,200 | 2,728,848 | ||
222 NYFE Russell 2000 Mini Index Contracts | March 2012 | 17,982,000 | 1,545,248 | ||
TOTAL EQUITY INDEX CONTRACTS | $ 151,877,540 | $ 12,223,703 |
|
The face value of futures purchased as a percentage of net assets is 1.2% |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is 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 $10,197,679. |
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 | $ 197,580 |
Fidelity Securities Lending Cash Central Fund | 4,680,442 |
Total | $ 4,878,022 |
Other Information |
The following is a summary of the inputs used, as of February 29, 2012, 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 | $ 1,448,486,735 | $ 1,448,486,735 | $ - | $ - |
Consumer Staples | 1,140,321,223 | 1,140,310,188 | 11,035 | - |
Energy | 1,359,179,677 | 1,359,179,677 | - | - |
Financials | 1,867,602,364 | 1,867,600,721 | - | 1,643 |
Health Care | 1,386,083,527 | 1,386,083,527 | - | - |
Industrials | 1,353,890,149 | 1,353,890,149 | - | - |
Information Technology | 2,364,767,502 | 2,364,767,502 | - | - |
Materials | 496,472,576 | 496,472,576 | - | - |
Telecommunication Services | 303,562,269 | 303,562,269 | - | - |
Utilities | 421,451,300 | 421,451,300 | - | - |
Corporate Bonds | 18,220 | - | 18,220 | - |
U.S. Government and Government Agency Obligations | 16,497,596 | - | 16,497,596 | - |
Money Market Funds | 1,510,275,633 | 1,510,275,633 | - | - |
Total Investments in Securities: | $ 13,668,608,771 | $ 13,652,080,277 | $ 16,526,851 | $ 1,643 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | $ 12,223,703 | $ 12,223,703 | $ - | $ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: | |
Beginning Balance | $ 96,127 |
Total Realized Gain (Loss) | (132,858) |
Total Unrealized Gain (Loss) | 138,760 |
Cost of Purchases | - |
Proceeds of Sales | (5,850) |
Amortization/Accretion | - |
Transfers in to Level 3 | 1,590 |
Transfers out of Level 3 | (96,126) |
Ending Balance | $ 1,643 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at February 29, 2012 | $ 86 |
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, and includes the value of securities delivered through unaffiliated in-kind transactions. See Note 5 of the Notes to Financial Statements. 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 29, 2012. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements. |
Risk Exposure / | Value | |
| Asset | Liability |
Equity Risk | ||
Futures Contracts (a) | $ 12,223,703 | $ - |
Total Value of Derivatives | $ 12,223,703 | $ - |
(a) Reflects cumulative appreciation/(depreciation) on futures contracts as disclosed on the Schedule of Investments. Only the period end variation margin is separately disclosed on the Statement of Assets and Liabilities. |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Spartan Total Market Index Fund
Financial Statements
Statement of Assets and Liabilities
| February 29, 2012 | |
|
|
|
Assets | ||
Investment in securities, at value (including securities loaned of $1,345,904,304) - See accompanying schedule: Unaffiliated issuers (cost $10,534,312,165) | $ 12,158,333,138 |
|
Fidelity Central Funds (cost $1,510,275,633) | 1,510,275,633 |
|
Total Investments (cost $12,044,587,798) |
| $ 13,668,608,771 |
Cash |
| 34,837 |
Receivable for investments sold | 1,280,716 | |
Receivable for fund shares sold | 51,714,360 | |
Dividends receivable | 24,985,250 | |
Distributions receivable from Fidelity Central Funds | 472,876 | |
Receivable from investment adviser for expense reductions | 10,151 | |
Other receivables | 122,673 | |
Total assets | 13,747,229,634 | |
|
|
|
Liabilities | ||
Payable for investments purchased | $ 37,261 | |
Payable for fund shares redeemed | 54,685,864 | |
Accrued management fee | 455,115 | |
Payable for daily variation margin on futures contracts | 1,038,336 | |
Other affiliated payables | 319,598 | |
Other payables and accrued expenses | 65,646 | |
Collateral on securities loaned, at value | 1,396,046,732 | |
Total liabilities | 1,452,648,552 | |
|
|
|
Net Assets | $ 12,294,581,082 | |
Net Assets consist of: |
| |
Paid in capital | $ 11,092,660,661 | |
Undistributed net investment income | 27,909,802 | |
Accumulated undistributed net realized gain (loss) on investments and foreign currency transactions | (462,234,277) | |
Net unrealized appreciation (depreciation) on investments and assets and liabilities in foreign currencies | 1,636,244,896 | |
Net Assets | $ 12,294,581,082 |
Statement of Assets and Liabilities - continued
| February 29, 2012 | |
|
|
|
Investor Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Class: | $ 39.56 | |
|
|
|
Institutional Class: | $ 39.55 | |
|
|
|
Fidelity Advantage Institutional Class: | $ 39.55 | |
|
|
|
Class F: | $ 39.56 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Statement of Operations
| Year ended February 29, 2012 | |
|
|
|
Investment Income |
|
|
Dividends |
| $ 214,285,292 |
Interest |
| 15,912 |
Income from Fidelity Central Funds |
| 4,878,022 |
Total income |
| 219,179,226 |
|
|
|
Expenses | ||
Management fee | $ 6,517,726 | |
Transfer agent fees | 2,749,481 | |
Independent trustees' compensation | 66,214 | |
Miscellaneous | 33,291 | |
Total expenses before reductions | 9,366,712 | |
Expense reductions | (28,373) | 9,338,339 |
Net investment income (loss) | 209,840,887 | |
Realized and Unrealized Gain (Loss) Net realized gain (loss) on: | ||
Investment securities: |
|
|
Unaffiliated issuers | 167,667,600 | |
Foreign currency transactions | (4,353) | |
Redemption in-kind with affiliated entities | 393,327,878 | |
Futures contracts | 17,450,299 | |
Total net realized gain (loss) |
| 578,441,424 |
Change in net unrealized appreciation (depreciation) on: Investment securities | (266,448,637) | |
Assets and liabilities in foreign currencies | (98) | |
Futures contracts | 3,326,207 | |
Total change in net unrealized appreciation (depreciation) |
| (263,122,528) |
Net gain (loss) | 315,318,896 | |
Net increase (decrease) in net assets resulting from operations | $ 525,159,783 |
Statement of Changes in Net Assets
| Year ended | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
|
Net investment income (loss) | $ 209,840,887 | $ 182,686,921 |
Net realized gain (loss) | 578,441,424 | (140,975,443) |
Change in net unrealized appreciation (depreciation) | (263,122,528) | 2,243,788,031 |
Net increase (decrease) in net assets resulting from operations | 525,159,783 | 2,285,499,509 |
Distributions to shareholders from net investment income | (195,308,977) | (179,834,546) |
Distributions to shareholders from net realized gain | - | (5,804,652) |
Total distributions | (195,308,977) | (185,639,198) |
Share transactions - net increase (decrease) | (149,356,809) | 833,400,574 |
Redemption fees | 378,217 | 259,786 |
Total increase (decrease) in net assets | 180,872,214 | 2,933,520,671 |
|
|
|
Net Assets | ||
Beginning of period | 12,113,708,868 | 9,180,188,197 |
End of period (including undistributed net investment income of $27,909,802 and undistributed net investment income of $30,424,213, respectively) | $ 12,294,581,082 | $ 12,113,708,868 |
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Investor Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .68 | .61 | .56 | .70 | .76 |
Net realized and unrealized gain (loss) | .96 | 7.03 | 10.96 | (16.70) | (2.30) |
Total from investment operations | 1.64 | 7.64 | 11.52 | (16.00) | (1.54) |
Distributions from net investment income | (.65) | (.60) | (.57) | (.64) | (.65) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.65) | (.62) | (.58) I | (.65) H | (.89) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.55 | $ 38.56 | $ 31.54 | $ 20.60 | $ 37.25 |
Total Return A | 4.46% | 24.39% | 56.10% | (43.32)% | (4.10)% |
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) | 1.84% | 1.80% | 2.00% | 2.23% | 1.84% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 3,379,770 | $ 6,289,666 | $ 5,357,908 | $ 3,358,025 | $ 4,479,327 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.645 per share is comprised of distributions from net investment income of $.640 and distributions from net realized gain of $.005 per share.
I Total distributions of $.58 per share is comprised of distributions from net investment income of $.565 and distributions from net realized gain of $.015 per share.
Financial Highlights - Fidelity Advantage Class
Years ended February 28, | 2012 F | 2011 | 2010 | 2009 | 2008 F |
Selected Per-Share Data |
|
|
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 | $ 39.68 |
Income from Investment Operations |
|
|
|
|
|
Net investment income (loss) B | .69 | .62 | .57 | .72 | .77 |
Net realized and unrealized gain (loss) | .97 | 7.03 | 10.95 | (16.71) | (2.30) |
Total from investment operations | 1.66 | 7.65 | 11.52 | (15.99) | (1.53) |
Distributions from net investment income | (.66) | (.61) | (.57) | (.65) | (.66) |
Distributions from net realized gain | - | (.02) | (.02) | (.01) | (.24) |
Total distributions | (.66) | (.63) | (.59) I | (.65) H | (.90) |
Redemption fees added to paid in capital B, G | - | - | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 | $ 20.61 | $ 37.25 |
Total Return A | 4.51% | 24.43% | 56.07% | (43.28)% | (4.07)% |
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) | 1.87% | 1.83% | 2.03% | 2.26% | 1.87% |
Supplemental Data |
|
|
|
|
|
Net assets, end of period (000 omitted) | $ 6,536,903 | $ 5,078,759 | $ 3,752,204 | $ 2,267,057 | $ 3,565,194 |
Portfolio turnover rate D | 17% | 4% | 7% | 3% | 4% |
A Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
B Calculated based on average shares outstanding during the period.
C Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
D Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
F For the year ended February 29.
G Amount represents less than $.01 per share.
H Total distributions of $.654 per share is comprised of distributions from net investment income of $.649 and distributions from net realized gain of $.005 per share.
I Total distributions of $.59 per share is comprised of distributions from net investment income of $.574 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.49% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .07% A |
Expenses net of fee waivers, if any | .06% A |
Expenses net of all reductions | .06% A |
Net investment income (loss) | 2.03% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 693,534 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
Financial Highlights - Fidelity Advantage Institutional Class
Period ended February 29, | 2012 G |
Selected Per-Share Data |
|
Net asset value, beginning of period | $ 34.49 |
Income from Investment Operations |
|
Net investment income (loss) D | .36 |
Net realized and unrealized gain (loss) | 5.26 |
Total from investment operations | 5.62 |
Distributions from net investment income | (.56) |
Redemption fees added to paid in capital D, I | - |
Net asset value, end of period | $ 39.55 |
Total Return B, C | 16.50% |
Ratios to Average Net Assets E, H |
|
Expenses before reductions | .06% A |
Expenses net of fee waivers, if any | .05% A, K |
Expenses net of all reductions | .05% A, K |
Net investment income (loss) | 2.02% A |
Supplemental Data |
|
Net assets, end of period (000 omitted) | $ 189,758 |
Portfolio turnover rate F | 17% J |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I Amount represents less than $.01 per share.
J Amount not annualized.
K Amount represents .045%.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Financial Highlights - Class F
Years ended February 28, | 2012 I | 2011 | 2010 G |
Selected Per-Share Data |
|
|
|
Net asset value, beginning of period | $ 38.56 | $ 31.54 | $ 30.10 |
Income from Investment Operations |
|
|
|
Net investment income (loss) D | .69 | .63 | .26 |
Net realized and unrealized gain (loss) | .97 | 7.02 | 1.67 |
Total from investment operations | 1.66 | 7.65 | 1.93 |
Distributions from net investment income | (.66) | (.61) | (.47) |
Distributions from net realized gain | - | (.02) | (.02) |
Total distributions | (.66) | (.63) | (.49) K |
Redemption fees added to paid in capital D, J | - | - | - |
Net asset value, end of period | $ 39.56 | $ 38.56 | $ 31.54 |
Total Return B, C | 4.51% | 24.43% | 6.42% |
Ratios to Average Net Assets E, H |
|
|
|
Expenses before reductions | .06% | .07% | .07% A |
Expenses net of fee waivers, if any | .06% | .07% | .07% A |
Expenses net of all reductions | .06% | .07% | .07% A |
Net investment income (loss) | 1.89% | 1.83% | 1.98% A |
Supplemental Data |
|
|
|
Net assets, end of period (000 omitted) | $ 1,494,616 | $ 745,283 | $ 70,077 |
Portfolio turnover rate F | 17% | 4% | 7% |
A Annualized
B Total returns for periods of less than one year are not annualized.
C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.
D Calculated based on average shares outstanding during the period.
E Fees and expenses of any underlying Fidelity Central Funds are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of the expenses of any underlying Fidelity Central Funds.
F Amount does not include the portfolio activity of any underlying Fidelity Central Funds.
G For the period September 24, 2009 (commencement of sale of shares) to February 28, 2010.
H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the class during periods when reimbursements or reductions occur. Expense ratios before reductions for start-up periods may not be representative of longer-term operating periods. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the class.
I For the year ended February 29.
J Amount represents less than $.01 per share.
K Total distributions of $.49 per share is comprised of distributions from net investment income of $.472 and distributions from net realized gain of $.015 per share.
See accompanying notes which are an integral part of the financial statements.
Annual Report
Notes to Financial Statements
For the period ended February 29, 2012
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. In May 2011, the Board of Trustees of Spartan Total Market Index Fund approved the creation of additional classes of shares. The Fund commenced sale of Institutional Class and Fidelity Advantage Institutional Class shares on September 8, 2011. The Fund offers Investor Class, Fidelity Advantage Class, Institutional Class, Fidelity Advantage Institutional Class and Class F shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. The Fund offers conversion privileges between share classes to eligible shareholders. 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 29, 2012, 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
Annual Report
Notes to Financial Statements - continued
3. Significant Accounting Policies - continued
Security Valuation - continued
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.
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. 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.
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.
New Accounting Pronouncements. In May 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-04, Fair Value Measurement (Topic 820) - Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The update is effective during interim and annual periods beginning after December 15, 2011 and will result in additional disclosure for transfers between levels as well as expanded disclosure for securities categorized as Level 3 under the fair value hierarchy.
In December 2011, the Financial Accounting Standards Board issued Accounting Standard Update No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The update creates new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of Assets and Liabilities or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are effective for interim and annual reporting periods beginning on or after January 1, 2013. Management is currently evaluating the impact of the update's adoption on the Fund's financial statement disclosures.
Foreign Currency. The Fund may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.
Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange 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.
Annual Report
3. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for income taxes is required. As of February 29, 2012, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. A fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests.
Distributions are declared and recorded on the ex-dividend date. Income dividends and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to futures transactions, foreign currency transactions, passive foreign investment companies (PFIC), market discount, redemptions in-kind, partnerships, deferred trustees compensation, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end were as follows:
Gross unrealized appreciation | $ 2,969,645,004 |
Gross unrealized depreciation | (1,386,461,244) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 1,583,183,760 |
|
|
Tax Cost | $ 12,085,425,011 |
The tax-based components of distributable earnings as of period end were as follows:
Undistributed ordinary income | $ 28,031,552 |
Capital loss carryforward | $ (409,173,358) |
Net unrealized appreciation (depreciation) | $ 1,583,183,980 |
Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. Under the Regulated Investment Company Modernization Act of 2010 (the Act), the Fund is permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period and such capital losses are required to be used prior to any losses that expire. Capital loss carryforwards were as follows:
Fiscal year of expiration |
|
|
|
2017 | $ (160,154,968) |
2018 | (46,727,186) |
2019 | (200,286,243) |
Total with expiration | (407,168,397) |
No expiration |
|
Long-term | (2,004,961) |
Total capital loss carryforward | $ (409,173,358) |
The tax character of distributions paid was as follows:
| February 29, 2012 | February 28, 2011 |
Ordinary Income | $ 195,308,977 | $ 185,639,198 |
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.
Annual Report
Notes to Financial Statements - continued
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 close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Counterparty credit risk related to exchange-traded futures contracts is 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). This receivable and/or payable is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract.
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.
During the period the Fund recognized net realized gain (loss) of $17,450,299 and a change in net unrealized appreciation (depreciation) of $3,326,207 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 $1,922,711,702 and $2,023,174,933, respectively.
Securities received and delivered through unaffiliated in-kind subscriptions and redemptions totaled $163,667,295 and $1,008,858,235, respectively. Realized gain of $171,069,377 on securities delivered through unaffiliated 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. During the period the Board of Trustees approved an amendment to the management contract, effective September 1, 2011, to reduce the management fee from an annual rate of .07% to .045% of the Fund's average net assets. Under the management contract, FMR pays all other fund-level expenses, except the compensation of the independent Trustees and certain other expenses such as interest expense, including commitment fees.
In addition, under an expense contract, FMR pays class-level expenses as necessary so that the total expenses do not exceed certain amounts of each class' average net assets on an annual basis with certain exceptions, as noted in the following table:
Investor Class | .10% |
Fidelity Advantage Class | .07% |
Institutional Class | .07% |
Fidelity Advantage Institutional Class | .06% |
Sub-Adviser. Geode Capital Management, LLC (Geode), serves as sub-adviser for the Funds. Geode provides discretionary investment advisory services to the Funds and is paid by FMR for providing these services.
Annual Report
6. Fees and Other Transactions with Affiliates - continued
Transfer Agent Fees. Fidelity Investments Institutional Operations Company, Inc. (FIIOC), an affiliate of FMR, is the transfer, dividend disbursing and shareholder servicing agent for each class. FIIOC receives transfer agent fees at an annual rate of .075%, .045%, .035% and .015% of average net assets for Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class, respectively. FIIOC receives no fees for providing transfer agency services to Class F. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements. Under the expense contract, Investor Class, Fidelity Advantage Class, Institutional Class and Fidelity Advantage Institutional Class pay all or a portion of the transfer agent fees at an annual rate of .055%, .025%, .025% and .015% of average net assets, respectively.
Prior to September 1, 2011, FIIOC received transfer agent fees at an annual rate of .06% and .03% of average net assets for Investor and Fidelity Advantage Class, respectively. Under the expense contract, the Investor Class paid transfer agent fees at an annual rate of .03% of average net assets, 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 | $ 2,074,287 | .04 |
Fidelity Advantage Class | 631,515 | .01 |
Institutional Class | 37,283 | .03 |
Fidelity Advantage Institutional Class | 6,396 | .02 |
| $ 2,749,481 |
|
Redemptions In-Kind. During the period, 17,755,902 shares of the Fund held by affiliated entities were redeemed for cash and securities with a value of $682,536,885. The net realized gain (loss) of $393,327,878 on securities delivered through affiliated in-kind redemptions is included in the accompanying Statement of Operations. The amount of in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets as well as Note 11: Shares Transactions. The Fund recognized no gain or loss for federal income tax purposes.
7. Committed Line of Credit.
The Fund participates with other funds managed by FMR or an affiliate in a $4.0 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 $33,291 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 any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Total security lending income during the period amounted to $4,680,442.
Annual Report
Notes to Financial Statements - continued
9. Expense Reductions.
Effective September 8, 2011, FMR contractually agreed to reimburse certain classes of the Fund to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. Some expenses, for example interest expense, including commitment fees, are excluded from this reimbursement. This reimbursement will remain in place through April 30, 2013.
| Expense | Reimbursement |
Institutional Class | .06% | $ 20,411 |
Fidelity Advantage Institutional Class | .045% | 7,580 |
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 $382.
10. Distributions to Shareholders.
Distributions to shareholders of each class were as follows:
| Year ended | Year ended |
From net investment income |
|
|
Investor Class | $ 74,011,128 | $ 97,586,465 |
Fidelity Advantage Class | 90,014,851 | 75,486,167 |
Institutional Class | 6,818,791 | - |
Fidelity Advantage Institutional Class | 2,620,049 | - |
Class F | 21,844,158 | 6,761,914 |
Total | $ 195,308,977 | $ 179,834,546 |
From net realized gain |
|
|
Investor Class | $ - | $ 3,374,672 |
Fidelity Advantage Class | - | 2,380,648 |
Class F | - | 49,332 |
Total | $ - | $ 5,804,652 |
A Distributions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
11. Share Transactions.
Transactions for each class of shares were as follows:
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Investor Class |
|
|
|
|
Shares sold | 37,550,760 | 45,341,120 | $ 1,388,868,676 | $ 1,545,271,706 |
Reinvestment of distributions | 2,008,028 | 2,771,120 | 71,680,307 | 98,744,181 |
Shares redeemed | (117,221,767) B | (54,866,527) | (4,390,559,721) B | (1,881,537,887) |
Net increase (decrease) | (77,662,979) | (6,754,287) | $ (2,930,010,738) | $ (237,522,000) |
Fidelity Advantage Class |
|
|
|
|
Shares sold | 52,795,658 | 35,056,659 | $ 2,007,116,846 | $ 1,218,401,959 |
Reinvestment of distributions | 2,192,081 | 1,879,344 | 77,894,521 | 67,004,512 |
Shares redeemed | (21,435,179) | (24,186,728) | (789,876,393) | (811,279,711) |
Net increase (decrease) | 33,552,560 | 12,749,275 | $ 1,295,134,974 | $ 474,126,760 |
Institutional Class |
|
|
|
|
Shares sold | 17,993,180 | - | $ 649,476,736 | $ - |
Reinvestment of distributions | 194,656 | - | 6,818,791 | - |
Shares redeemed | (654,011) | - | (24,602,098) | - |
Net increase (decrease) | 17,533,825 | - | $ 631,693,429 | $ - |
Annual Report
11. Share Transactions - continued
| Shares | Dollars | ||
| Year ended | Year ended | Year ended | Year ended |
Fidelity Advantage Institutional Class |
|
|
|
|
Shares sold | 4,871,455 | - | $ 179,033,674 | $ - |
Reinvestment of distributions | 74,794 | - | 2,620,049 | - |
Shares redeemed | (148,799) | - | (5,550,895) | - |
Net increase (decrease) | 4,797,450 | - | $ 176,102,828 | $ - |
Class F |
|
|
|
|
Shares sold | 22,439,089 | 19,381,678 | $ 826,126,384 | $ 675,778,550 |
Reinvestment of distributions | 617,949 | 189,593 | 21,844,158 | 6,811,246 |
Shares redeemed | (4,602,865) | (2,465,258) | (170,247,844) | (85,793,982) |
Net increase (decrease) | 18,454,173 | 17,106,013 | $ 677,722,698 | $ 596,795,814 |
A Share transactions for Institutional Class and Fidelity Advantage Institutional Class are for the period September 8, 2011 (commencement of sale of shares) to February 29, 2012.
B Amount includes in-kind redemptions (see Note 6: Redemptions In-Kind).
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 statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Spartan Total Market Index Fund (a fund of Fidelity Concord Street Trust) at February 29, 2012, the results of its operations for the year then ended, the changes to 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 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 29, 2012 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Boston, Massachusetts
April 30, 2012
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 226 funds advised by FMR or an affiliate. Mr. Curvey oversees 430 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. In addition, the Independent Trustees have worked with FMR to enhance the Board's oversight of investment and financial risks, legal and regulatory risks, technology risks, and operational risks, including the development of additional risk reporting to the Board. For example, a working group comprised of Independent Trustees and FMR has worked and continues to work to review the Fidelity funds' valuation-related activities, reporting and risk management. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of FMR's risk management program for the Fidelity funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Fund's Trustees."
Annual Report
The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-835-5092.
Interested Trustees*:
Correspondence intended for each Trustee who is an interested person may be sent to Fidelity Investments, 82 Devonshire Street, Boston, Massachusetts 02109.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
James C. Curvey (76) | |
| Year of Election or Appointment: 2007 Mr. Curvey is Trustee and Acting Chairman of the Board of Trustees of certain Trusts. Mr. Curvey also serves as Trustee (2007-present) of other investment companies advised by FMR. Mr. Curvey is a Director of Fidelity Investments Money Management, Inc. (2009-present), Director of Fidelity Research & Analysis Co. (2009-present) and Director of FMR and FMR Co., Inc. (2007-present). Mr. Curvey is also Vice Chairman (2007-present) and Director of FMR LLC. In addition, Mr. Curvey serves as an Overseer for the Boston Symphony Orchestra and a member of the Trustees of Villanova University. Previously, Mr. Curvey was the Vice Chairman (2006-2007) and Director (2000-2007) of FMR Corp. |
Ronald P. O'Hanley (55) | |
| Year of Election or Appointment: 2011 Mr. O'Hanley is Director of FMR Co., Inc. (2010-present), Director of Fidelity Investments Money Management, Inc. (2010-present), Director of Fidelity Research & Analysis Company (2010-present), President of Fidelity Asset Management and Corporate Services and a member of Fidelity's Executive Committee (2010-present). Previously, Mr. O'Hanley served as President and Chief Executive Officer of BNY Mellon Asset Management (2007-2010). Mr. O'Hanley also served as Vice Chairman of Bank New York Mellon Corp. and a member of that firm's Executive Committee. Prior to the 2007 merger of The Bank of New York and Mellon Financial Corporation, he was Vice Chairman of Mellon Financial Corporation and President and Chief Executive Officer of Mellon Asset Management. He joined Mellon in February 1997. Mr. O'Hanley currently serves as Chairman of the Boston Public Library Foundation Board of Directors and sits on the Board of Directors of Beth Israel Deaconess Medical Center, the Board of Trustees of the Marine Biological Laboratory and the Advisory Board of the Maxwell School of Citizenship and Public Administration at Syracuse University. Mr. O'Hanley also chairs the Council on Asset Management for the Financial Services Roundtable and is a member of the Board of Directors of Institutional Investor's U.S. Institute. |
* Trustees have been determined to be "Interested Trustees" by virtue of, among other things, their affiliation with the trust or various entities under common control with FMR.
+ The information above includes each Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to each Trustee's qualifications to serve as a Trustee, which led to the conclusion that each Trustee should serve as a Trustee for the fund.
Independent Trustees:
Correspondence intended for each Independent Trustee (that is, the Trustees other than the Interested Trustees) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.
Name, Age; Principal Occupations and Other Relevant Experience+ | |
Dennis J. Dirks (63) | |
| 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 (58) | |
| 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), and Bristol-Myers Squibb Company (global pharmaceuticals, 2007-present). Mr. Lacy is a member of the Board of Trustees of The National Parks Conservation Association (2006-present). Previously, Mr. Lacy served as Chairman of the Board of Trustees of the National Parks Conservation Association (2008-2011) and as a member of the Board of Directors for the Western Union Company (global money transfer, 2006-2011). |
Ned C. Lautenbach (68) | |
| 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 (67) | |
| 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). |
Robert W. Selander (61) | |
| Year of Election or Appointment: 2011 Previously, Mr. Selander served as a Member of the Advisory Board of Fidelity's Equity and High Income Funds (2011), Executive Vice Chairman (2010), Chief Executive Officer (2009-2010), and President and Chief Executive Officer (1997-2009) of Mastercard, Inc. |
Cornelia M. Small (67) | |
| 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 (72) | |
| 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 (62) | |
| 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 (61) | |
| 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 (81) | |
| Year of Election or Appointment: 2011 Member of the Advisory Board of Fidelity's Equity and High Income Funds. Mr. Johnson serves as Chief Executive Officer, Chairman, and a Director of FMR LLC, and also serves as Chairman and Director of FIL Limited. Previously, Mr. Johnson served as a Trustee and Chairman of the Board of certain Fidelity Trusts, Chairman and a Director of FMR, Chairman and a Director of FMR Co., Inc., and President of FMR LLC (2006-2007). |
Peter S. Lynch (68) | |
| 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 (42) | |
| 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 (46) | |
| Year of Election or Appointment: 2006 Vice President of certain Equity Funds. Mr. Herring also serves as President of Fidelity Research & Analysis Company (2010-present), Chief Investment Officer and Director of Fidelity Management & Research (U.K.) Inc. (2010-present) and Group Chief Investment 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 (47) | |
| Year of Election or Appointment: 2009 Vice President of Equity and High Income Funds. Mr. Hogan also serves as President of FMR's Equity Division (2009-present). Previously, Mr. Hogan served as Senior Vice President, Equity Research of FMR (2006-2009) and as a portfolio manager. |
Scott C. Goebel (44) | |
| Year of Election or Appointment: 2008 Secretary and Chief Legal Officer (CLO) of the Fidelity funds. Mr. Goebel also serves as Secretary of Fidelity Investments Money Management, Inc. (FIMM) (2010-present) and Fidelity Research and Analysis Company (FRAC) (2010-present); Secretary and CLO of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present); General Counsel, Secretary, and Senior Vice President of FMR (2008-present) and FMR Co., Inc. (2008-present); employed by FMR LLC or an affiliate (2001-present); Chief Legal Officer of Fidelity Management & Research (Hong Kong) Limited (2008-present) and Assistant Secretary of Fidelity Management & Research (Japan) Inc. (2008-present), and Fidelity Management & Research (U.K.) Inc. (2008-present). Previously, Mr. Goebel served as Assistant Secretary of FIMM (2008-2010), FRAC (2008-2010), and the Funds (2007-2008) and as Vice President and Secretary of Fidelity Distributors Corporation (FDC) (2005-2007). |
William C. Coffey (43) | |
| 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 (57) | |
| 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 (53) | |
| Year of Election or Appointment: 2008 Chief Financial Officer of the Fidelity funds. Ms. Reynolds became President of Fidelity Pricing and Cash Management Services (FPCMS) in August 2008. Ms. Reynolds served as Chief Operating Officer of FPCMS (2007-2008). Previously, Ms. Reynolds served as President, Treasurer, and Anti-Money Laundering officer of the Fidelity funds (2004-2007). |
Joseph A. Hanlon (43) | |
| Year of Election or Appointment: 2012 Chief Compliance Officer of Fidelity's Equity and High Income Funds. Mr. Hanlon serves as Senior Vice President of the Fidelity Asset Management Division (2009-present) and is an employee of Fidelity Investments. |
Joseph F. Zambello (54) | |
| Year of Election or Appointment: 2011 Deputy Treasurer of the Fidelity funds. Mr. Zambello is an employee of Fidelity Investments. Previously, Mr. Zambello served as Vice President of FMR's Program Management Group (2009-2011) and Vice President of the Transfer Agent Oversight Group (2005-2009). |
Adrien E. Deberghes (44) | |
| Year of Election or Appointment: 2008 Deputy Treasurer of Fidelity's Equity and High Income Funds. Mr. Deberghes also serves as Vice President (2011-present) and Assistant Treasurer (2010-present) of other Fidelity funds, and is an employee of Fidelity Investments (2008-present). Previously, Mr. Deberghes served as Senior Vice President of Mutual Fund Administration at State Street Corporation (2007-2008), Senior Director of Mutual Fund Administration at Investors Bank & Trust (2005-2007), and Director of Finance for Dunkin' Brands (2000-2005). |
Stephanie J. Dorsey (42) | |
| 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 (53) | |
| Year of Election or Appointment: 2009 Assistant Treasurer of Fidelity's Equity and High Income Funds. Mr. Hebble also serves as President (2011-present), Treasurer, and Chief Financial Officer of The North Carolina Capital Management Trust: Cash and Term Portfolios (2008-present), President and Treasurer of other Fidelity funds (2008-present) and is an employee of Fidelity Investments. |
Gary W. Ryan (53) | |
| 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 (43) | |
| Year of Election or Appointment: 2010 Assistant Treasurer of the Fidelity funds. Mr. Davis is also Assistant Treasurer of Fidelity Rutland Square Trust II and Fidelity Commonwealth Trust II. Mr. Davis is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (2003-2010). |
Annual Report
Distributions (Unaudited)
Class F designates 100% and 98%, of the dividends distributed in April and December, during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.
Class F designates 100% of the dividends distributed 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 2013 of amounts for use in preparing 2012 income tax returns.
Annual Report
Investment Adviser
Fidelity Management & Research Company
Boston, MA
Investment Sub-Advisers
FMR Co., Inc.
Geode Capital Management, LLC
General Distributor
Fidelity Distributors Corporation
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-0412 1.899048.102
(Fidelity Investment logo)(registered trademark)
Corporate Headquarters
82 Devonshire St., Boston, MA 02109
www.fidelity.com
Item 2. Code of Ethics
As of the end of the period, February 29, 2012, 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 and Spartan Total Market Index Fund (the "Funds"):
Services Billed by PwC
February 29, 2012 FeesA
| Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
Spartan Extended Market Index Fund | $77,000 | $- | $4,300 | $4,000 |
Spartan International Index Fund | $81,000 | $- | $36,000 | $5,200 |
Spartan Total Market Index Fund | $88,000 | $- | $6,400 | $6,300 |
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 |
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 29, 2012A | February 28, 2011A |
Audit-Related Fees | $3,795,000 | $2,550,000 |
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 29, 2012 A | February 28, 2011 A |
PwC | $5,180,000 | $5,015,000 |
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: | May 1, 2012 |
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: | May 1, 2012 |
By: | /s/Christine Reynolds |
| Christine Reynolds |
| Chief Financial Officer |
|
|
Date: | May 1, 2012 |