As filed on March 31, 2005
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-14
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 /X/
Pre-Effective Amendment No. o
Post-Effective Amendment No. o
(Check appropriate box or boxes)
T. ROWE PRICE INDEX TRUST, INC.
(Exact Name of Registrant as Specified in Charter)
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
Pre-Effective Amendment No.o
Post-Effective Amendment No. o
(Check appropriate box or boxes)
T. ROWE PRICE U.S. BOND INDEX FUND, INC.
(Exact Name of Registrant as Specified in Charter)
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933/X/
Pre-Effective Amendment No. o
Post-Effective Amendment No. o
(Check appropriate box or boxes)
T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.
(Exact Name of Registrant as Specified in Charter)
410-345-2000
(Area Code and Telephone Number)
100 East Pratt Street
Baltimore, MD 21202
Address of Principal Executive Offices:
(Number, Street, City, State, Zip Code)
Henry H. Hopkins, Esq.
Vice President, T. Rowe Price Index Trust, Inc.
Vice President, T. Rowe Price U.S. Bond Index, Inc.
Vice President, T. Rowe Price International Index Fund, Inc.
100 East Pratt Street, Baltimore, MD 21202
Name and Address of Agent for Service:
(Number and Street) (City) (State) (Zip Code)
Copies to:
Michele R. Teichner
TD Waterhouse Asset Management, Inc.
100 Wall Street
New York, NY 10005
Approximate Date of Proposed Public Offering: June 17, 2005
Title of the securities being registered: Shares of common stock, par value $0.01 per share of the T. Rowe Price Equity Index 500 Fund and T. Rowe Price Extended Equity Market Index Fund of T. Rowe Price Index Trust, Inc., par value $0.0001 per share of T. Rowe Price U.S. Bond Index Fund, Inc., and par value $0.0001 per share of theT. Rowe Price International Equity Index Fund of T. Rowe Price International Index Fund, Inc. Registrants have registered an indefinite amount of securities pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended; accordingly, no filing fee is payable herewith in reliance upon Section 24(f).
It is proposed that this filing will become effective on April 30, 2005 pursuant to Rule 488.
TD WATERHOUSE TRUST
Bond Index Fund
Dow 30 Fund
500 Index Fund
Extended Market Index Fund
Asian Pacific Index Fund
European Index Fund
Dear Shareholder:
Each of your Funds will hold a Joint Special Meeting of Shareholders on June 7, 2005 at 10:00 a.m., Eastern Time, at the offices of TD Waterhouse Trust, 100 Wall Street, 25th Floor, New York, New York 10005. If you are a shareholder of record as of the close of business on April 15, 2005, you are entitled to vote at the Meeting on a proposal affecting your Fund. At the Meeting, shareholders will be asked to vote on the following:
1. For each Fund, the approval or disapproval of an Agreement and Plan of Reorganization that would reorganize your Fund with a mutual fund advised by T. Rowe Price Associates, Inc. or T. Rowe Price International, Inc. (“T. Rowe Price”). In connection with each reorganization, you will receive shares of a T. Rowe Price fund in exchange for shares of your Fund. These shares will have the same aggregate net asset value as the shares of your Fund immediately prior to the reorganization. This means that you may end up with a different number of shares compared to what you originally held, but the total dollar value of your shares will be the same.
2. For the TD Waterhouse Dow 30 Fund (“Dow 30 Fund”) only, the approval or disapproval of a change in the fundamental investment objective of the Dow 30 Fund, from seeking to match the total return of the Dow Jones Industrial AverageSM (before Fund expenses) to seeking to match the performance of the Standard & Poor’s 500 Composite Stock Price Index. If approved, this change will be implemented approximately two weeks prior to the consummation of the reorganization of the Dow 30 Fund with a T. Rowe Price fund. However, this proposal is specifically contingent on Dow 30 Fund shareholders approving the reorganization of the Dow 30 Fund described in No. 1 above. Therefore, if the reorganization of the Dow 30 Fund is not approved by shareholders, then the change in investment objective of the Dow 30 Fund will not take effect even if it is approved by shareholders.
3. Any other business properly brought before the meeting, including any adjournments or postponements of the meeting.
The accompanying proxy statement and prospectus includes a detailed description of each proposal. Please read the enclosed materials carefully and cast your vote. Remember, your vote is extremely important, no matter how large or small your holdings. By voting now, you can help avoid additional costs that would be incurred with follow-up letters and calls.
Very truly yours, | |
Marc Schuman | |
Secretary, TD Waterhouse Trust |
TD WATERHOUSE TRUST
Bond Index Fund
Dow 30 Fund
500 Index Fund
Extended Market Index Fund
Asian Pacific Index Fund
European Index Fund
IMPORTANT NEWS FOR SHAREHOLDERS
While we encourage you to read the full text of the enclosed Proxy Statement and Prospectus, here is a brief overview of some matters affecting your Fund that require a shareholder vote.
Q&A: QUESTIONS AND ANSWERS
Q. WHAT IS HAPPENING?
A. | Due in large part to a refocusing by the TD Waterhouse organization on its core business, the management and Trustees of TD Waterhouse Trust have decided to reorganize each of the six portfolios (“TDW Funds”) of TD Waterhouse Trust with an index fund advised by T. Rowe Price Associates, Inc. (“T. Rowe Price”) or T. Rowe Price International, Inc. (“T. Rowe Price International”). You are being asked to vote on this proposal for each TDW Fund of which you are a shareholder. We refer to each fund advised by T. Rowe Price or T. Rowe Price International as a “Price Fund,” and each proposed transaction between a TDW Fund and a Price Fund as a “Reorganization.” |
Q. WHAT ARE THE REORGANIZATIONS?
A. | Pursuant to each Reorganization, your TDW Fund will be combined with a Price Fund, and you will automatically become a shareholder of the Price Fund. The Board of Trustees of TD Waterhouse Trust (the “TDW Board”) unanimously approved each Reorganization. |
Shareholders of each TDW Fund are being asked to approve the Reorganization relating to that TDW Fund. The attached Proxy Statement and Prospectus describes each proposed Reorganization. Specifically, you will find information relating to the following Reorganizations: | |
TDW Fund: | Price Fund: |
TD Waterhouse Bond Index Fund | T. Rowe Price U.S. Bond Index Fund |
TD Waterhouse Dow 30 Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse 500 Index Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse Extended Market Index Fund | T. Rowe Price Extended Equity Market Index Fund |
TD Waterhouse Asian Pacific Index Fund | T. Rowe Price International Equity Index Fund |
TD Waterhouse European Index Fund | T. Rowe Price International Equity Index Fund |
The Board of Trustees of TD Waterhouse Trust, including all of the Independent Trustees, unanimously recommends that you vote FOR the Reorganization. | |
Q. DOES THE PRICE FUND SEEK TO TRACK THE SAME INDEX AS THE RESPECTIVE TDW FUND?
A. | It is proposed that the TD Waterhouse Bond Index Fund, TD Waterhouse 500 Index Fund and TD Waterhouse Extended Market Index Fund reorganize with a Price Fund that seeks to track the same index. It is proposed that the other three TDW Funds reorganize with a Price Fund that seeks to track a different index, as listed below. |
TDW FUND | CURRENT INDEX | INDEX OF PRICE FUND |
---|---|---|
TD Waterhouse Dow 30 Fund | Dow Jones Industrial AverageSM | Standard & Poor’s 500 Composite Stock Price Index |
TD Waterhouse Asian Pacific Index Fund | Morgan Stanley Capital International Pacific Index | FTSE™ Developed ex North America Index |
TD Waterhouse European Index Fund | Morgan Stanley Capital International Europe Index | FTSE™ Developed ex North America Index |
The TDW Board considered the proposed change in the index for these TDW Funds, and concluded that the Reorganization with the respective Price Fund was in the best interests of each TDW Fund and its shareholders. Approximately two weeks prior to consummation of the Reorganization of each of the TD Waterhouse Dow 30 Fund and TD Waterhouse Asian Pacific Index Fund, the TDW Fund’s portfolio will be realigned to correspond with the new index. No such changes will be made to the TD Waterhouse European Index Fund’s portfolio prior to the consummation of the Reorganization. | |
Q. | WHY ARE SHAREHOLDERS OF THE TD WATERHOUSE DOW 30 FUND BEING ASKED TO VOTE ON A CHANGE IN THE FUND’S INVESTMENT OBJECTIVE? |
A. | The investment objective of the TD Waterhouse Dow 30 Fund has been designated as a fundamental policy of the Fund. Under the Investment Company Act of 1940, a fundamental policy may be changed only with approval from both the Trustees and the shareholders. As indicated above, this change is necessary so that the TD Waterhouse Dow 30 Fund can realign its portfolio in anticipation of a reorganization with a Price Fund that seeks to match the performance of the Standard & Poor’s 500 Composite Stock Price Index. |
Q. HOW WILL THE REORGANIZATION AFFECT MY ACCOUNT?
A. | If shareholders of a TDW Fund approve the Reorganization affecting the Fund, TDW Fund shares will be exchanged, on a tax-free basis, for an equal aggregate dollar value of shares of a Price Fund. This means that you may end up with a different number of shares compared to what you originally held, but the total dollar value of your shares will be the same. However, for the purpose of calculating the dollar value of your shares with respect to the Reorganization, the net asset value of a TDW Fund share will be determined in accordance with the procedures described in the Price Funds Prospectus and Statement of Additional Information and in accordance with the Price Funds valuation procedures. |
Q. WHY DOES THE TDW BOARD RECOMMEND APPROVAL OF THE REORGANIZATIONS?
A. | Your Board has based this recommendation on its consideration of a number of factors, including the following: after each Reorganization, shareholders of each TDW Fund would remain invested in an index fund that seeks to track the same or a comparable index; the fees and expenses of each Price Fund are the same or lower in the aggregate than those of the respective TDW Fund; potential benefits to shareholders, such as the services available to shareholders of Price Funds; and the fact that the interests of TDW Fund shareholders will not be diluted as a result of a Reorganization. After each Reorganization, shareholders of each TDW Fund will hold shares of the same aggregate net asset value in a Price Fund. |
Q. WHO WILL MANAGE MY FUND AFTER THE REORGANIZATION?
A. | TD Waterhouse Asset Management, Inc. (“TDWAM”) currently manages the assets of each TDW Fund. TDWAM has delegated responsibility for providing investment advice to each TDW Fund other than the TD Waterhouse Dow 30 Fund to an affiliated sub-adviser, TD Investment Management Inc. After completion of the Reorganizations, T. Rowe Price will manage the assets of each TDW Fund, except for the TD Waterhouse Asian Pacific Index Fund and TD Waterhouse European Index Fund which will be managed by T. Rowe Price International, in each case as part of the respective Price Fund. |
Q. WILL THE REORGANIZATIONS BE TAX-FREE?
A. | The Reorganizations will be accomplished, in the opinion of counsel, on a tax-free basis. This means that you should not recognize any capital gains (or losses), for federal income tax purposes, when your TDW Fund shares are exchanged for Price Fund shares. It should be noted, however, that there may be tax consequences to shareholders from the realignment of the portfolios of the TDW Funds prior to the consummation of the Reorganization. |
Q. HOW DOES THE TDW BOARD RECOMMEND THAT I VOTE?
A. | After careful consideration, based upon their evaluation of all relevant information, and after meeting with counsel to the Independent Trustees regarding the legal issues involved, the TDW Board, including the Independent Trustees, recommends that you vote FOR all of the proposals on the enclosed proxy card. |
Q. WHAT HAPPENS IF ANY OF THE PROPOSALS ARE NOT APPROVED BY SHAREHOLDERS?
A. | Each Reorganization is a separate transaction and is not dependent on any other Reorganization being approved. The Reorganization of the TD Waterhouse Dow 30 Fund is, however, dependent on Proposal 2 being approved by shareholders of that Fund. If a Reorganization is not approved by shareholders, the TDW Board will determine what, if any, additional action should be taken. |
Q. WHO GETS TO VOTE?
A. | If you owned shares of a TDW Fund at the close of business on April 15, 2005, you are entitled to vote with respect to your Fund, even if you later sold the shares. Each share of a TDW Fund is entitled to one vote, with fractional shares voting proportionally. |
Q. WHY ARE MULTIPLE PROXY CARDS ENCLOSED?
A. | If you are a shareholder of more than one of the TDW Funds, you will receive a proxy card for each TDW Fund in which you own shares. |
Q. I’M A SMALL INVESTOR. WHY SHOULD I VOTE?
A. | Your vote makes a difference. If many small shareholders just like you fail to vote their proxies, your Fund may not receive enough votes to go forward with the Joint Special Meeting of Shareholders and additional costs will be incurred through further proxy solicitations. |
Q. HOW DO I VOTE?
A. | You have several different ways to vote. They include mail, speaking with a representative on the telephone, and voting on-line over the Internet. If you need more information or have any questions on how to vote, call [ _______ ]. If you have any questions on a proposal, please call TD Waterhouse Trust’s information agent, [ _______ ], at [ _______ ]. |
Your vote is important. Please vote promptly to avoid the additional expense of another solicitation. | |
TD WATERHOUSE TRUST
Bond Index Fund
Dow 30 Fund
500 Index Fund
Extended Market Index Fund
Asian Pacific Index Fund
European Index Fund
100 Wall Street
New York, New York 10005
NOTICE OF JOINT SPECIAL MEETING OF SHAREHOLDERS
TO BE HELD ON JUNE 7, 2005
To our Shareholders:
NOTICE IS HEREBY GIVEN that a Joint Special Meeting of Shareholders (the “Meeting”) of TD Waterhouse Bond Index Fund, TD Waterhouse Dow 30 Fund, TD Waterhouse 500 Index Fund, TD Waterhouse Extended Market Index Fund, TD Waterhouse Asian Pacific Index Fund and TD Waterhouse European Index Fund (the “TDW Funds” or the “Acquired Funds”) of TD Waterhouse Trust will be held at the offices of TD Waterhouse Trust, 100 Wall Street, 25th Floor, New York, New York 10005 on June 7, 2005 at 10:00 a.m. Eastern Time, for the following purposes:
(1)(a) TD Waterhouse Bond Index Fund (“TDW Bond Index Fund”): to approve or disapprove an Agreement and Plan of Reorganization (the “Agreement and Plan”) providing for the acquisition of substantially all of the assets of the TDW Bond Index Fund by the T. Rowe Price U.S. Bond Index Fund (the “Price Bond Index Fund”), solely in exchange for an equal aggregate value of newly issued shares of the Price Bond Index Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price Bond Index Fund to shareholders of the TDW Bond Index Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW Bond Index Fund as a separate investment portfolio of TD Waterhouse Trust; | |
(b) TD Waterhouse Dow 30 Fund (“TDW Dow 30 Fund”): to approve or disapprove the Agreement and Plan providing for the acquisition of substantially all of the assets of the TDW Dow 30 Fund by the T. Rowe Price Equity Index 500 Fund (the “Price Equity Index 500 Fund”), solely in exchange for an equal aggregate value of newly issued shares of the Price Equity Index 500 Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price Equity Index 500 Fund to shareholders of the TDW Dow 30 Fund. Approval of Proposal 2 below by shareholders of the TDW Dow 30 Fund is a condition to the consummation of the Agreement and Plan for the TDW Dow 30 Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW Dow 30 Fund as a separate investment portfolio of TD Waterhouse Trust; | |
(c) TD Waterhouse 500 Index Fund (“TDW 500 Index Fund”): to approve or disapprove the Agreement and Plan providing for the acquisition of substantially all of the assets of the TDW 500 Index Fund by the Price Equity Index 500 Fund, solely in exchange for an equal aggregate value of newly issued shares of the Price Equity Index 500 Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price Equity Index 500 Fund to shareholders of the TDW 500 Index Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW 500 Index Fund as a separate investment portfolio of TD Waterhouse Trust; | |
(d) TD Waterhouse Extended Market Index Fund (“TDW Extended Market Index Fund”): to approve or disapprove the Agreement and Plan providing for the acquisition of substantially all of the assets of the TDW Extended Market Index Fund by the T. Rowe Price Extended Equity Market Index Fund (the “Price Extended Market Index Fund”), solely in exchange for an equal aggregate value of newly issued shares of the Price Extended Market Index Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price Extended Market Index Fund to shareholders of the TDW Extended Market Index Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW Extended Market Index Fund as a separate investment portfolio of TD Waterhouse Trust; | |
(e) TD Waterhouse Asian Pacific Index Fund (“TDW Asian Pacific Index Fund”): to approve or disapprove the Agreement and Plan providing for the acquisition of substantially all of the assets of the TDW Asian Pacific Index Fund by the T. Rowe Price International Equity Index Fund (the “Price International Index Fund”), solely in exchange for an equal aggregate value of newly issued shares of the Price International Index Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price International Index Fund to shareholders of the TDW Asian Pacific Index Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW Asian Pacific Index Fund as a separate investment portfolio of TD Waterhouse Trust; and | |
(f) TD Waterhouse European Index Fund (“TDW European Index Fund”): to approve or disapprove the Agreement and Plan providing for the acquisition of substantially all of the assets of the TDW European Index Fund by the Price International Index Fund, solely in exchange for an equal aggregate value of newly issued shares of the Price International Index Fund, as described in the accompanying proxy statement and prospectus. The Agreement and Plan also provides for distribution of the shares of the Price International Index Fund to shareholders of the TDW European Index Fund. A vote in favor of this proposal will constitute a vote in favor of the termination of the TDW European Index Fund as a separate investment portfolio of TD Waterhouse Trust. | |
(2) TDW Dow 30 Fund: to approve or disapprove a change of the fundamental investment objective of the TDW Dow 30 Fund from one that seeks to track closely the total return of the Dow Jones Industrial AverageSM to one that seeks to match the performance of the Standard & Poor’s 500 Composite Stock Price Index. Approval of this proposal is a condition to consummation of the reorganization described in Proposal 1(b). However, this proposal is specifically contingent on approval of Proposal 1(b) regarding the reorganization of the TDW Dow 30 Fund. Therefore, if Proposal 1(b) is not approved by TDW Dow 30 Fund shareholders, then a change in the investment objective of the TDW Dow 30 Fund will not take effect even if it is approved by TDW Dow 30 Fund shareholders. | |
(3) To transact such other business as properly may come before the Meeting or any adjournment or postponements thereof. |
The Board of Trustees of TD Waterhouse Trust has fixed the close of business on April 15, 2005 as the record date for the determination of shareholders entitled to notice of, and to vote at, the Meeting or any adjournment thereof.
You are cordially invited to attend the Meeting. Shareholders who do not expect to attend the Meeting in person are requested to complete, date and sign the enclosed respective form of proxy and return it promptly in the postage-paid envelope provided for that purpose. Alternatively, to vote via telephone or the Internet, please refer to the enclosed respective form of proxy.
Each of the enclosed proxies is being solicited on behalf of the Board of Trustees of TD Waterhouse Trust.
The Board of Trustees of TD Waterhouse Trust unanimously recommends that the shareholders of each Acquired Fund approve the Agreement and Plan of Reorganization.
By Order of the Board of Trustees of TD Waterhouse Trust, | |
Marc Schuman | |
Secretary, TD Waterhouse Trust |
New York, New York
Dated: [ ________ ___ ], 2005
COMBINED PROXY STATEMENT AND PROSPECTUS
T. ROWE PRICE INDEX FUNDS
T. ROWE PRICE EQUITY INDEX 500 FUND
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
T. ROWE PRICE INTERNATIONAL EQUITY INDEX FUND
T. ROWE PRICE U.S. BOND INDEX FUND
TD WATERHOUSE TRUST
JOINT SPECIAL MEETING OF SHAREHOLDERS OF
BOND INDEX FUND
DOW 30 FUND
500 INDEX FUND
EXTENDED MARKET INDEX FUND
ASIAN PACIFIC INDEX FUND
AND
EUROPEAN INDEX FUND
OF
TD WATERHOUSE TRUST
[ ], 2005
This Proxy Statement and Prospectus is furnished to you because you are a shareholder of one or more of the TD Waterhouse Funds referenced above. TD Waterhouse Trust is holding a Joint Special Meeting of Shareholders (the “Meeting”) on June 7, 2005 to consider the proposals described in this Proxy Statement and Prospectus.
Your Board of Trustees is seeking your approval of a transaction involving your Fund. Under the proposal, your Fund would reorganize with a comparable T. Rowe Price Fund, as set out in the chart below. If a reorganization is approved by shareholders, you will become a shareholder of the fund listed opposite your Fund’s name.
Your Fund (“TDW Funds”) | T. Rowe Price Fund (“Price Funds”) |
TD Waterhouse Bond Index Fund | T. Rowe Price U.S. Bond Index Fund |
TD Waterhouse Dow 30 Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse 500 Index Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse Extended Market Index Fund | T. Rowe Price Extended Equity Market Index Fund |
TD Waterhouse Asian Pacific Index Fund | T. Rowe Price International Equity Index Fund |
TD Waterhouse European Index Fund | T. Rowe Price International Equity Index Fund |
This Proxy Statement and Prospectus serves as a prospectus of each Price Fund under the Securities Act of 1933, as amended (the “Securities Act”), in connection with the issuance of shares to you pursuant to the terms of the reorganizations.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROXY STATEMENT AND PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
The Date of this Proxy Statement and Prospectus is [ ], 2005.
1
TABLE OF CONTENTS | ||
---|---|---|
PAGE | ||
INTRODUCTION | 4 | |
SUMMARY | 5 | |
THE REORGANIZATIONS | 5 | |
What Shareholders of an Acquired Fund Will Receive in a Reorganization | 5 | |
Reasons for the Reorganizations | 5 | |
FEE TABLES AND EXAMPLES | 7 | |
THE FUNDS | 18 | |
Business of the Acquired Funds | 18 | |
Business of the Acquiring Funds | 18 | |
Comparison of the Funds | 18 | |
PRINCIPAL RISK FACTORS AND SPECIAL CONSIDERATIONS | 24 | |
All Funds | 24 | |
Bond Index Funds | 24 | |
Equity Index Funds | 25 | |
Extended Index Funds | 25 | |
International Index Funds | 25 | |
PROPOSAL NO. 1: APPROVAL OF THE PLANS | 26 | |
THE REORGANIZATIONS | 26 | |
General | 26 | |
Terms of the Plans | 26 | |
TDW Board Considerations: Potential Benefits to Shareholders as a Result of the Reorganizations | 28 | |
Federal Income Tax Consequences of the Reorganizations | 29 | |
Capitalization | 31 | |
COMPARISON OF THE FUNDS | 32 | |
Investment Policies | 32 | |
Directors and Officers | 32 | |
Management and Administrative Arrangements | 33 | |
Distribution and Shareholder Servicing Arrangements | 35 | |
Other Service Agreements with Affiliates | 35 | |
Purchase, Exchange and Redemption of Shares | 35 | |
Performance | 37 | |
Tax Information | 42 | |
Portfolio Transactions | 42 | |
Additional Information | 43 | |
PROPOSAL NO. 2: APPROVAL OF A CHANGE IN THE FUNDAMENTAL INVESTMENT OBJECTIVE | ||
OF THE TDW DOW 30 FUND | 44 | |
Comparison of Current and Amended Investment Objectives | 44 | |
TDW Board Considerations in Approving Change in Investment Objective | 44 | |
GENERAL | 45 | |
INFORMATION CONCERNING THE MEETING | 45 | |
Date, Time and Place of Meeting | 45 | |
Solicitation, Revocation and Use of Proxies | 45 | |
Record Date and Outstanding Shares | 45 | |
Security Ownership of Certain Beneficial Owners and Management of the Funds | 45 | |
Voting Rights and Required Vote | 46 | |
ADDITIONAL INFORMATION | 47 | |
LEGAL PROCEEDINGS | 47 | |
LEGAL OPINIONS | 48 | |
EXPERTS | 48 | |
SHAREHOLDER PROPOSALS | 48 |
i
EXHIBIT I | 49 |
ii
TD Waterhouse Trust and each of T. Rowe Price Index Trust, Inc., T. Rowe Price International Index Fund, Inc. and T. Rowe Price U.S. Bond Index Fund, Inc. (the “Price Corporations”) are open-end series management investment companies. TD Waterhouse Trust is organized as a Delaware statutory trust. Each TDW Fund is a series of TD Waterhouse Trust. The Price Corporations are each organized as a Maryland corporation. Each Price Fund is a series of a Price Corporation.
This Proxy Statement and Prospectus sets forth concisely the information about the Price Funds that you should know before considering a reorganization and should be retained for future reference. TD Waterhouse Trust has authorized the solicitation of proxies solely on the basis of this Proxy Statement and Prospectus and the accompanying documents.
The following documents are included in the package of documents that you received with this Proxy Statement and Prospectus:
• | The prospectus relating to the Price Funds, dated March 1, 2005 (T. Rowe Price U.S. Bond Index Fund and T. Rowe Price International Equity Index Fund, or the “Price Bond and International Index Funds”) and [May 1, 2005] (T. Rowe Price Equity Index 500 Fund and T. Rowe Price Extended Equity Market Index Fund, or the “Price U.S. Equity Index Funds”), as supplemented (the “Acquiring Funds Prospectus”). These documents are incorporated herein by reference (legally considered to be a part of this Proxy Statement and Prospectus). | |
• | The Annual Reports to Shareholders of the Price Funds for the year ended October 31, 2004 (Price Bond and International Index Funds) and December 31, 2004 (Price U.S. Equity Index Funds). These documents are incorporated herein by reference (legally considered to be a part of this Proxy Statement and Prospectus). |
Additional information about the proposed transactions is contained in a statement of additional information relating to this Proxy Statement and Prospectus (the “Statement of Additional Information”), including pro forma financial statements giving effect to the consummation of the respective reorganization of each of the TDW Bond Index Fund, TDW Extended Market Index Fund, TDW Asian Pacific Index Fund and TDW European Index Fund, and is on file with the Securities and Exchange Commission (the “Commission”). The Statement of Additional Information is available without charge, upon request by calling one of the toll free numbers set forth below or by writing TDW Funds or Price Funds at the addresses set forth below. The Statement of Additional Information, dated [ ____________ ], is incorporated by reference into this Proxy Statement and Prospectus.
Other documents containing information about the Funds have been filed with the Commission. These other documents are available without charge by writing to the address or calling the toll free number set forth below:
If they relate to TDW Funds: | If they relate to Price Funds: |
TD Waterhouse Investor Services, Inc | T. Rowe Price Associates, Inc. |
Mutual Fund Services | 100 East Pratt Street |
P.O. Box 2630 | Baltimore, Maryland 21202 |
Jersey City, New Jersey 07308-2630 | 1-800-225-5132 |
1-800-934-4448 |
These documents are:
• | A statement of additional information relating to the Price Funds, dated March 1, 2005, as supplemented (the “Acquiring Funds Statement”). | |
• | The current prospectus relating to the TDW Funds, dated May 28, 2004, as supplemented (the “Acquired Funds Prospectus”). |
2
• | A statement of additional information relating to the TDW Funds, dated May 28, 2004, as supplemented (the “Acquired Funds Statement”). | |
• | The Annual Report to Shareholders of the TDW Funds for the year ended January 31, 2005. |
The Commission maintains a web site (http://www.sec.gov) that contains the Acquiring Funds Prospectus, the Acquired Funds Prospectus, the Acquiring Funds Statement, the Acquired Funds Statement, other material incorporated by reference and other information regarding the Funds.
The address of the principal executive offices of the Price Corporations is 100 East Pratt Street, Baltimore, Maryland 21202, the telephone number is 1-800-225-5132 and the web address is http://www.troweprice.com. The address of the principal executive offices of the TDW Funds is 100 Wall Street, New York, New York 10005, the telephone number is 1-800-934-4448 and the web address is http://www.tdwaterhouse.com.
The shareholders solicited and entitled to vote on Proposals 1(a), 1(b), 1(c), 1(d), 1(e), 1(f) and 2 of this Proxy Statement and Prospectus are outlined in the following table:
Proposal | Fund | |||
1. | (a) | Approval of Agreement and Plan of Reorganization relating to the TD Waterhouse Bond Index Fund (“TDW Bond Index Fund”) | TDW Bond Index Fund | |
(b) | Approval of Agreement and Plan of Reorganization relating to TD Waterhouse Dow 30 Fund (“TDW Dow 30 Fund”) | TDW Dow 30 Fund | ||
(c) | Approval of Agreement and Plan of Reorganization relating to TD Waterhouse 500 Index Fund (“TDW 500 Index Fund”) | TDW 500 Index Fund | ||
(d) | Approval of Agreement and Plan of Reorganization relating to TD Waterhouse Extended Market Index Fund (“TDW Extended Market Index Fund”) | TDW Extended Market Index Fund | ||
(e) | Approval of Agreement and Plan of Reorganization relating to TD Waterhouse Asian Pacific Index Fund (“TDW Asian Pacific Index Fund”) | TDW Asian Pacific Index Fund | ||
(f) | Approval of Agreement and Plan of Reorganization relating to TD Waterhouse European Index Fund (“TDW European Index Fund”) | TDW European Index Fund | ||
2. | Approval of change in fundamental investment objective of TDW Dow 30 Fund | TDW Dow 30 Fund | ||
3
INTRODUCTION
This Proxy Statement and Prospectus is furnished in connection with the solicitation of proxies on behalf of the Board of Trustees of TD Waterhouse Trust (the “TDW Board”) for use at the Meeting to be held at the offices of TD Waterhouse Trust, 100 Wall Street, 25th Floor, New York, New York 10005 on June 7, 2005, at 10:00 a.m., Eastern Time. The mailing address for TD Waterhouse Trust is 100 Wall Street, New York, New York 10005. The approximate mailing date of this Proxy Statement and Prospectus is [ ________ ], 2005.
Before we describe the proposals any further, we need to define certain words or phrases that are used in this Proxy Statement and Prospectus:
Acquired Fund: Your Fund, which is a portfolio of TD Waterhouse Trust.
Acquiring Fund: The portfolio of either the T. Rowe Price Index Trust, Inc., T. Rowe Price International Index Fund, Inc. or T. Rowe Price U.S. Bond Index Fund, Inc. that is acquiring the assets of an Acquired Fund.
Bond Index Combined Fund: The T. Rowe Price U.S. Bond Index Fund after the Reorganization.
Bond Index Funds: The TD Waterhouse Bond Index Fund and the T. Rowe Price U.S. Bond Index Fund.
Combined Fund: The Acquiring Fund after completion of the Reorganization.
Equity Index Funds: The TD Waterhouse 500 Index Fund, the TD Waterhouse Dow 30 Fund and the T. Rowe Price Equity Index 500 Fund.
Equity Index Combined Fund: The T. Rowe Price Equity Index 500 Fund after the Reorganization.
Extended Equity Market Index Combined Fund: The T. Rowe Price Extended Equity Market Index Fund after the Reorganization.
Extended Index Funds: The TD Waterhouse Extended Market Index Fund and the T. Rowe Price Extended Equity Market Index Fund.
Fund: Either the Acquired Fund or Acquiring Fund, depending on the context.
International Equity Index Combined Fund: The T. Rowe Price International Equity Index Fund after the Reorganization.
International Index Funds: The TD Waterhouse Asian Pacific Index Fund, the TD Waterhouse European Index Fund and the T. Rowe Price International Equity Index Fund.
Investment Company Act: The Investment Company Act of 1940, as amended.
“Majority Shareholder Vote” shall mean the lesser of (i) more than 50% of the outstanding shares of the respective Acquired Fund or (ii) 67% or more of the shares of the respective Acquired Fund present at the Meeting, if more than 50% of such shares are present or represented by proxy.
Plan: The Agreement and Plans of Reorganization, which sets forth the terms of each Reorganization and is being submitted for shareholder approval.
Reorganization: The transaction through which the assets of an Acquired Fund will be acquired by an Acquiring Fund and shareholders of an Acquired Fund will become shareholders of an Acquiring Fund.
TDW Board: The Board of Trustees of TD Waterhouse Trust.
4
SUMMARY
The following is a summary of certain information contained elsewhere in this Proxy Statement and Prospectus (including documents incorporated by reference) and is qualified in its entirety by reference to the more complete information contained in this Proxy Statement and Prospectus and in the Plan, attached hereto as Exhibit I.
THE REORGANIZATIONS
What Shareholders of an Acquired Fund Will Receive in a Reorganization
If shareholders approve their Fund’s Reorganization and the Reorganization takes place:
• | The Acquiring Fund will acquire substantially all of the assets of the Acquired Fund (net of accrued liabilities); | |
• | Shareholders of the Acquired Fund will become shareholders of the Acquiring Fund; | |
• | Shareholders holding shares of the Acquired Fund will receive shares of the Acquiring Fund (the “Corresponding Shares”); and | |
• | Corresponding Shares received by shareholders of the Acquired Fund will have the same aggregate net asset value as the shares of the Acquired Fund held immediately prior to the Reorganization. |
No sales charges will be imposed on the Corresponding Shares issued in connection with the Reorganizations. Each Reorganization has been structured with the intention that it qualify for Federal income tax purposes as a tax-free reorganization under the Internal Revenue Code of 1986, as amended (the “Code”). This means that, in the opinion of counsel, no gain or loss will be recognized by a shareholder of an Acquired Fund for Federal income tax purposes as a result of a Reorganization.
Reasons for the Reorganizations
On March 22, 2005, the TDW Board unanimously approved each Reorganization, subject to shareholder approval. The TDW Board, including all of the TDW Independent Trustees (as defined below), has determined that each Reorganization is in the best interests of the respective Acquired Fund and its shareholders. In addition, the TDW Board, including all of the TDW Independent Trustees, has determined that the interests of existing shareholders of each Acquired Fund will not be diluted as a result of effecting the respective Reorganization because each such shareholder will receive Corresponding Shares of the Acquiring Fund having an aggregate net asset value equal to the aggregate net asset value of his or her shares of the Acquired Fund outstanding as of the Valuation Time (as defined in the Plan). Although, as a result of the Reorganization, a shareholder of an Acquired Fund may receive Corresponding Shares which represent a smaller percentage of ownership in the respective Acquiring Fund than he or she held in that Acquired Fund prior to the respective Reorganization, the total dollar value of the shares will be the same. The “TDW Independent Trustees” are the Trustees who are not “interested persons” of TD Waterhouse Trust (within the meaning of the Investment Company Act).
The Board of Trustees of TD Waterhouse Trust unanimously recommends that you vote FOR the Plan relating to the Reorganization involving your Fund. Your Board of Trustees has based this recommendation on its consideration of a number of factors, including the following:
• | following each Reorganization, shareholders of each Acquired Fund will remain invested in an index fund that seeks to track the same or a comparable index; | |
• | that the fees and expenses of each Acquiring Fund are the same or lower in the aggregate than those of the respective Acquired Fund; | |
5
• | potential benefits to shareholders from each Reorganization, such as services available to shareholders of the Acquiring Funds; and | |
• | the fact that the interests of Acquired Fund shareholders will not be diluted as a result of a Reorganization. |
For a more detailed discussion of the factors considered by your Board in approving the Reorganizations, see “Proposal No. 1: Approval of the Plans: The Reorganizations” below.
If all of the requisite approvals are obtained and certain conditions are either met or waived, it is anticipated that (i) TD Waterhouse Asset Management, Inc. (“TDWAM”) will continue to serve as the investment adviser of the Acquired Funds until the closing of the Reorganizations (which is currently anticipated to occur prior to the end of the second calendar quarter of 2005), (ii) the Reorganizations will occur as soon as practicable after the Meeting, provided that the Funds have obtained prior to that time an opinion of counsel concerning the tax consequences of the Reorganizations as set out in the Plan, and (iii) after the consummation of the Reorganizations, T. Rowe Price Associates, Inc. (“T. Rowe Price”) will manage the assets of all of the Combined Funds (with the exception of the International Equity Index Combined Fund which will be managed by T. Rowe Price International, Inc. (“T. Rowe Price International”)). The Plan may be terminated, and the Reorganizations abandoned, whether before or after the requisite approval by the shareholders of the Acquired Funds, at any time prior to the Closing Date (as defined herein), (i) by mutual agreement of the TDW Board and the respective Board of Directors of the Price Corporations, as applicable (the “Price Boards”); (ii) by an Acquired Fund if any condition to such Acquired Fund’s obligations has not been fulfilled or waived; or (iii) by an Acquiring Fund if any condition to such Acquiring Fund’s obligations has not been fulfilled or waived.
6
FEE TABLES AND EXAMPLES
Actual Fee Table for Shareholders of each of the TDW Bond Index Fund and Price Bond Index Fund † (as of October 31, 2004) and Pro Forma Fee Table for Bond Index Combined Fund (as of October 31, 2004)*
Actual | Pro Forma | |||||||||
TD Waterhouse Bond Index Fund | T. Rowe Price U.S. Bond Index Fund | Bond Index Combined Fund | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a | ||||||||||
percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of | ||||||||||
original purchase price or redemption price, whichever is | ||||||||||
lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 1.00 | % | 0.50 | % | 0.50 | % | ||||
Account Maintenance Fee (2) | None | $ 10 | $ 10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted from Fund | ||||||||||
assets): | ||||||||||
Management Fees (3) | 0.30 | % | 0.30 | % | 0.30 | % | ||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 0.99 | % | None | None | ||||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 1.54 | % | 0.30 | % | 0.30 | % | ||||
Expense Reimbursement (4) | (1.19 | %) | — | — | ||||||
Net Expenses | 0.35 | % | 0.30 | % | 0.30 | % |
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on the following page do not reflect any fee waivers or expense reimbursements for the Funds.
7
These examples are intended to help you compare the cost of investing in the Bond Index Funds with the cost of investing in other mutual funds.
Examples:
An investor would pay the following expenses on a $10,000 investment, assuming (1) the Total Annual Fund Operating Expenses set forth in the table on the preceeding page for the relevant Fund and (2) a 5% annual return throughout the period:
Cumulative Expenses Paid for the Period of: | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 3 Years | 5 Year | 10 Years | ||||||||||
Expenses if you redeem your shares at the end of the period: | |||||||||||||
TD Waterhouse Bond Index Fund | $ | 157 | $ | 486 | $ | 839 | $ | 1,834 | |||||
T. Rowe Price U.S. Bond Index Fund | 31 | 97 | 169 | 381 | |||||||||
Pro Forma Bond Index Combined Fund | 31 | 97 | 169 | 381 |
8
Actual Fee Table for Shareholders of each of the TDW Dow 30 Fund and the T. Rowe Price Equity Index 500 Fund † (as of December 31, 2004) and Pro Forma Fee Table for the Equity Index Combined Fund (as of December 31, 2004)*
Actual | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
TD Waterhouse Dow 30 Fund | T. Rowe Price Equity Index 500 Fund | Equity Index Combined Funda | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as | ||||||||||
a percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage | ||||||||||
of original purchase price or redemption price, | ||||||||||
whichever is lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 2.00 | % | 0.50 | % | 0.50 | % | ||||
Account Maintenance Fee (2) | None | $10 | $10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted | ||||||||||
from Fund assets): | ||||||||||
Management Fees (3) | 0.20 | % | 0.15 | % | 0.15 | % | ||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 0.22 | % | 0.21 | % | 0.21 | % | ||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 0.67 | % | 0.36 | % | 0.36 | % | ||||
Expense Reimbursement (4) | (0.22 | %) | (0.01 | %) | (0.01 | %) | ||||
Net Expenses | 0.45 | % | 0.35 | % | 0.35 | % |
a Equity Index Combined Fund also includes the TDW 500 Index Fund. |
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on page 11 do not reflect any fee waivers or expense reimbursements for the Acquired Funds. Effective January 1, 2004, T. Rowe Price contractually obligated itself to waive its fees and bear any expenses through April 30, 2006, to the extent such fees or expenses would cause the T. Rowe Price Equity Index 500 Fund’s ratio of expenses to average net assets to exceed 0.35%. Fees waived or expenses paid or assumed under this agreement are subject to reimbursement to T. Rowe Price by the T. Rowe Price Equity Index 500 Fund whenever the Fund’s expense ratio is below 0.35%; however, no reimbursement will be made after April 30, 2008, or if it would result in the expense ratio exceeding 0.35%. Any amounts reimbursed will have the effect of increasing fees otherwise paid by the Fund. The T. Rowe Price Equity Index 500 Fund operated under a previous expense limitation for which T. Rowe Price may be reimbursed. With respect to the T. Rowe Price Equity Index 500 Fund expense example on page 11, the fee waiver is reflected in the 1-Year period, as well as the first year of the 3-, 5-and 10-Year periods.
9
Actual Fee Table for Shareholders of each of the TDW 500 Index Fund and the T. Rowe Price Equity Index 500 Fund † (as of December 31, 2004) and Pro Forma Fee Table for the Equity Index Combined Fund
(as of December 31, 2004)*
Actual | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
TD Waterhouse 500 Index Fund | T. Rowe Price Equity Index 500 Fund | Equity Index Combined Funda | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as | ||||||||||
a percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage | ||||||||||
of original purchase price or redemption price, | ||||||||||
whichever is lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 2.00 | % | 0.50 | % | 0.50 | % | ||||
Account Maintenance Fee (2) | None | $10 | $10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted | ||||||||||
from Fund assets): | ||||||||||
Management Fees (3) | 0.30 | % | 0.15 | % | 0.15 | % | ||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 0.32 | % | 0.21 | % | 0.21 | % | ||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 0.87 | % | 0.36 | % | 0.36 | % | ||||
Expense Reimbursement (4) | (0.52 | %) | (0.01 | %) | (0.01 | %) | ||||
Net Expenses | 0.35 | % | 0.35 | % | 0.35 | % |
b Equity Index Combined Fund also includes the TDW Dow 30 Fund. |
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on the following page do not reflect any fee waivers or expense reimbursements for the Acquired Funds. Effective January 1, 2004, T. Rowe Price contractually obligated itself to waive its fees and bear any expenses through April 30, 2006, to the extent such fees or expenses would cause the T. Rowe Price Equity Index 500 Fund’s ratio of expenses to average net assets to exceed 0.35%. Fees waived or expenses paid or assumed under this agreement are subject to reimbursement to T. Rowe Price by the T. Rowe Price Equity Index 500 Fund whenever the Fund’s expense ratio is below 0.35%; however, no reimbursement will be made after April 30, 2008, or if it would result in the expense ratio exceeding 0.35%. Any amounts reimbursed will have the effect of increasing fees otherwise paid by the Fund. The T. Rowe Price Equity Index 500 Fund operated under a previous expense limitation for which T. Rowe Price may be reimbursed. With respect to the T. Rowe Equity Index 500 Fund expense example on the following page, the fee waiver is reflected in the 1-Year period, as well as the first year of the 3-, 5- and 10-Year periods.
10
These examples are intended to help you compare the cost of investing in the Equity 500 Index Funds with the cost of investing in other mutual funds.
Examples:
An investor would pay the following expenses on a $10,000 investment, assuming (1) the Total Annual Fund Operating Expenses set forth in the table on pages 10 and 11 for the relevant Fund and (2) a 5% annual return throughout the period:
Cumulative Expenses Paid for the Period of: | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 3 Years | 5 Years | 10 Years | ||||||||||
Expenses if you redeem your shares at the end of the period: | |||||||||||||
TD Waterhouse Dow 30 Fund | $ | 68 | $ | 214 | $ | 373 | $ | 835 | |||||
TD Waterhouse 500 Index Fund | 89 | 278 | 482 | 1,073 | |||||||||
T. Rowe Price Equity Index 500 Fund | 36 | 115 | 201 | 455 | |||||||||
Pro Forma Equity 500 Index Combined Fund | 36 | 115 | 201 | 455 |
11
Actual Fee Table for Shareholders of each of the TDW Extended Market Index Fund and the T. Rowe Price Extended Equity Market Index Fund † (as of December 31, 2004) and Pro Forma Fee Table for the Extended Equity Market Index Combined Fund (as of December 31, 2004)*
Actual | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
TD Waterhouse Extended Market Index Fund | T. Rowe Price Extended Equity Market Index Fund | Extended Equity Market Index Combined Fund | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as | ||||||||||
a percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage | ||||||||||
of original purchase price or redemption price, | ||||||||||
whichever is lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 2.00 | % | 0.50% | 0.50 | % | |||||
Account Maintenance Fee (2) | None | $10 | $10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted | ||||||||||
from Fund assets): | ||||||||||
Management Fees (3) | 0.30 | % | 0.40% | 0.40 | % | |||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 0.49 | % | — | — | ||||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 1.04 | % | 0.40% | 0.40 | % | |||||
Expense Reimbursement (4) | (0.64 | %) | — | — | ||||||
Net Expenses | 0.40 | % | 0.40% | 0.40% | ||||||
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on the following page do not reflect any fee waivers or expense reimbursements for the Funds.
12
These examples are intended to help you compare the cost of investing in the Extended Index Funds with the cost of investing in other mutual funds.
Examples:
An investor would pay the following expenses on a $10,000 investment, assuming (1) the Total Annual Fund Operating Expenses set forth in the table on the preceeding page for the relevant Fund and (2) a 5% annual return throughout the period:
Cumulative Expenses Paid for the Period of: | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 Year | 3 Years | 5 Years | 10 Years | ||||||||||
Expenses if you redeem your shares at the end of the period: | |||||||||||||
TD Waterhouse Extended Market Index Fund | $ | 106 | $ | 331 | $ | 574 | $ | 1,271 | |||||
T. Rowe Price Extended Equity Market Index Fund | 41 | 128 | 224 | 505 | |||||||||
Pro Forma Extended Equity Market Index Combined Fund | 41 | 128 | 224 | 505 |
13
Actual Fee Table for Shareholders of each of the TDW Asian Pacific Index Fund and the T. Rowe Price International Equity Index Fund † (as of October 31, 2004) and Pro Forma Fee Table for the International Equity Index Combined Fund (as of October 31, 2004)*
Actual | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
TD Waterhouse Asian Pacific Index Fund | T. Rowe Price International Equity Index Fund | International Equity Index Combined Fundc | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as | ||||||||||
a percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage | ||||||||||
of original purchase price or redemption price, | ||||||||||
whichever is lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 2.00 | % | 2.00 | % | 2.00 | % | ||||
Account Maintenance Fee (2) | None | $10 | $10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted | ||||||||||
from Fund assets): | ||||||||||
Management Fees (3) | 0.40 | % | 0.50 | % | 0.50 | % | ||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 1.44 | % | — | — | ||||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 2.09 | % | 0.50 | % | 0.50 | % | ||||
Expense Reimbursement (4) | (1.51 | %) | — | — | ||||||
Net Expenses | 0.58 | % | 0.50 | % | 0.50 | % |
c International Equity Index Combined Fund also includes the TDW European Index Fund. |
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on the page 16 do not reflect any fee waives or expense reimbursements for the Funds.
14
Actual Fee Table for Shareholders of each of the TDW European Index Fund and the T. Rowe Price International Equity Index Fund † (as of October 31, 2004) and Pro Forma Fee Table for the International Equity Index Combined Fund (as of October 31, 2004)*
Actual | Pro Forma | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
TD Waterhouse European Index Fund | T. Rowe Price | International Equity Index Combined Fundd | ||||||||
Shareholder Fees (fees paid directly from your investment): | ||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as | ||||||||||
a percentage of offering price) | None | None | None | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage | ||||||||||
of original purchase price or redemption price, | ||||||||||
whichever is lower) | None | None | None | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested | ||||||||||
Dividends | None | None | None | |||||||
Redemption Fee (1) | 2.00 | % | 2.00 | % | 2.00 | % | ||||
Account Maintenance Fee (2) | None | $10 | $10 | |||||||
Annual Fund Operating Expenses (as a percentage of | ||||||||||
average net assets) (expenses that are deducted | ||||||||||
from Fund assets): | ||||||||||
Management Fees (3) | 0.40 | % | 0.50 | % | 0.50 | % | ||||
Distribution and/or Service (12b-1) Fees | None | None | None | |||||||
Shareholder Service Fees | 0.25 | % | None | None | ||||||
Other Expenses | 2.10 | % | — | — | ||||||
Total Annual Fund Operating Expenses Before Expense | ||||||||||
Reimbursement | 2.75 | % | 0.50 | % | 0.50 | % | ||||
Expense Reimbursement (4) | (2.17 | %) | — | — | ||||||
Net Expenses | 0.58 | % | 0.50 | % | 0.50 | % |
d International Equity Index Combined Fund also includes the TDW Asian Pacific Index Fund |
† As reflected in the Acquiring Funds Prospectus. |
* “Other Expenses,” “Total Annual Fund Operating Expenses Before Expense Reimbursement” and “Expense Reimbursement” are estimated for each of the Combined Funds.
(1) The redemption fee for the Acquired Funds (expressed as a percentage of the amount being redeemed) will be assessed if shares are redeemed within 5 days after investing in the Fund. Redemption fees on shares of the Acquired Funds redeemed after March 22, 2005 (announcement of Reorganizations) have been waived. The redemption fee for the Acquiring Funds and, hence for the Combined Funds, will only be assessed on shares purchased and held for less than 90 days. No redemption fee will be assessed on Corresponding Shares received in a Reorganization; however, if such Corresponding Shares are held in a TD Waterhouse brokerage account, they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
(2) With respect to each Acquiring Fund, a $2.50 quarterly fee is charged for accounts with balances less than $10,000.
(3) With respect to each Acquiring Fund, other than the T. Rowe Price Equity Index 500 Fund, the Management Fee includes operating expenses.
(4) With respect to each Acquired Fund, amounts reflect the agreement by TDWAM and its affiliates voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. If shareholders do not approve the Reorganizations, there is no assurance TDWAM and its affiliates would continue to provide such fee reductions and expense reimbursements. The expense examples on the following page do not reflect any fee waivers or expense reimbursements for the Funds.
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These examples are intended to help you compare the cost of investing in the International Index Funds with the cost of investing in other mutual funds.
Examples:
An investor would pay the following expenses on a $10,000 investment, assuming (1) the Total Annual Fund Operating Expenses set forth in the table on pages 14 and 15 for the relevant Fund and (2) a 5% annual return throughout the period:
Cumulative Expenses Paid for the Period of: | |||||||
| 1 Year | 3 Years | 5 Years | 10 Years | |||
Expenses if you redeem your shares at the end of the period: | |||||||
TD Waterhouse Asian Pacific Index Fund | $ 212 | $ 655 | $ 1,124 | $ 2,421 | |||
TD Waterhouse European Index Fund | 278 | 853 | 1,454 | 3,080 | |||
T. Rowe Price International Equity Index Fund | 51 | 160 | 280 | 628 | |||
Pro Forma International Equity Index Combined Fund | 51 | 160 | 280 | 628 |
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The foregoing Fee Tables are intended to assist investors in understanding the costs and expenses that a shareholder bears directly or indirectly as compared to the costs and expenses that would be borne by such investors on a pro forma basis taking into account the consummation of the Reorganizations. All pro forma amounts are based on what the estimated expenses of the Pro Forma Combined Funds would be assuming the Reorganizations were completed on October 31, 2004 in connection with the Reorganizations involving the TDW Bond Index Fund, the TDW Asian Pacific Index Fund and the TDW European Index Fund, and December 31, 2004 in connection with the Reorganizations involving the TDW Dow 30 Fund, the TDW 500 Index Fund and the TDW Extended Market Index Fund.
The Examples set forth above assume reinvestment of all dividends and distributions and utilize a 5% annual rate of return as mandated by Commission regulations. The Examples should not be considered a representation of past or future expenses or annual rates of return, and actual expenses or annual rates of return may be more or less than those assumed for purposes of the Examples. See “Proposal No. 1: Approval of the Plans.”
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THE FUNDS
Business of the Acquired Funds
Each Acquired Fund is organized as a separate investment portfolio or series of TD Waterhouse Trust, a Delaware statutory trust, which was established on August 6, 1999 pursuant to its Agreement and Declaration of Trust.
Business of the Acquiring Funds
The T. Rowe Price Equity Index 500 Fund (“Price Equity Index 500 Fund”) and the T. Rowe Price Extended Equity Market Index Fund (“Price Extended Equity Market Index Fund”) are each a separate series of T. Rowe Price Index Trust, Inc., a Maryland corporation, which was incorporated on December 20, 1989. The T. Rowe Price International Equity Index Fund (“Price International Equity Index Fund”) is an investment series of T. Rowe Price International Index Fund, Inc., a Maryland corporation, which was incorporated on August 10, 2000. The T. Rowe Price U.S. Bond Index Fund (“Price U.S. Bond Index Fund”) is an investment portfolio of T. Rowe Price U.S. Bond Index Fund, Inc., a Maryland corporation, which was incorporated on July 14, 2000.
Comparison of the Funds
A discussion of the investment objectives and principal investment policies of the Funds is set forth below. Those objectives and policies that are identified as fundamental may not be changed without shareholder approval.
The main differences between the Funds, each of which is discussed in more detail below, are as follows:
With respect to the Equity Index Funds,
• | the TDW Dow 30 Fund seeks to track the Dow Jones Industrial AverageSM (“DJIASM”), which consists of the 30 most widely held and actively traded stocks in the U.S. stock market, while the Price Equity Index 500 Fund seeks to track the Standard & Poor’s 500 Stock Index (“S&P 500® Index”), which consists primarily of large-capitalization companies that represent a broad spectrum of the U.S. economy and a substantial part of the U.S. stock market’s total capitalization. As a condition to the Reorganization of the TDW Dow 30 Fund with the Price Equity Index 500 Fund, shareholders of the TDW Dow 30 Fund are being asked to approve a change in the fundamental investment objective of the TDW Dow 30 Fund. See “Proposal No. 2: Approval of a Change in the Fundamental Investment Objective of the TDW Dow 30 Fund” below. Subject to shareholder approval of Proposal 2, if the Reorganization is approved by shareholders, approximately two weeks prior to the consummation of the Reorganization of the TDW Dow 30 Fund, the portfolio of the TDW Dow 30 Fund will be realigned to correspond more closely with that of the Price Equity Index 500 Fund. Shareholders of the TDW Dow 30 Fund will bear the transaction, tax and any other costs of such realignment (except to the extent assumed voluntarily by TDWAM or its affiliate). | |
With respect to the International Index Funds, | |
• | the TDW Asian Pacific Index Fund seeks to track the Morgan Stanley Capital International Pacific Index (“MSCI® Pacific Index), which contains approximately 465 common stocks of Pacific Basin companies. | |
• | the TDW European Index Fund seeks to track the Morgan Stanley Capital International Europe Index (“MSCI® Europe Index”) which consists of more than 530 companies located in 16 European countries. |
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• | The Price International Equity Index Fund uses the FTSE™ International Limited Developed ex North America Index (“FTSE™ Developed ex North America Index”) which is not limited to Pacific Basin or European companies, but rather is based on the market capitalization of over 1,000 predominantly large companies listed in 21 countries, including Japan, the U.K., and developed countries in Continental Europe and the Pacific Rim. If the Reorganization is approved by its shareholders, approximately two weeks prior to the consummation of the Reorganization of the TDW Asian Pacific Index Fund, the portfolio of the TDW Asian Pacific Index Fund will be realigned to correspond more closely with that of the Price International Equity Index Fund. Shareholders of TDW Asian Pacific Index Fund will bear the transaction, tax and any other costs of such realignment. A similar realignment of the portfolio of the TDW European Index Fund will not be required because of its relatively small asset size. |
The principal investment objectives and strategies of the TDW Bond Index Fund, the TDW 500 Index Fund and the TDW Extended Market Index Fund are substantially similar to the principal investment objectives and strategies of the Price Bond Index Fund, the Price Equity Index 500 Fund and the Price Extended Equity Market Index Fund, respectively.
Bond Index Funds
Investment Objectives
The TDW Bond Index Fund seeks to track closely the total return of a broad, market-weighted bond index, before the deduction of Fund expenses. The Price Bond Index Fund seeks to match the total return performance of the U.S. investment-grade bond market. Both Funds’ investment objectives are substantially the same.
Investment Policies
Strategies. Both Bond Index Funds pursue their investment objective by investing in a mix of investment-grade bonds consistent with those included in the Lehman Brothers U.S. Aggregate Index (the “Lehman Index”). However, because of the TDW Bond Index Fund’s low asset level (i.e., less than $25 million), it is overweighted in U.S. government securities that are consistent with the investment and risk characteristics of such securities in the Lehman Index. Due to this fact, it cannot track the Lehman Index to the same degree of accuracy as if it were invested more broadly in bonds consistent with the Lehman Index.
Equity Index Funds
Investment Objectives
The TDW 500 Index Fund seeks to track closely the total return of a benchmark index that measures the investment return of large-cap stocks, before the deduction of Fund expenses. The Price Equity Index 500 Fund seeks to match the performance of the S&P 500® Index. Both Funds’ investment objectives are substantially the same, since the TDW 500 Index Fund has identified the S&P 500® Index as its benchmark index.
The TDW Dow 30 Fund seeks to track closely the total return of the DJIASM, before Fund expenses. This differs from the investment objective of the Price Equity Index 500 Fund.
Investment Policies
Strategies. Both the TDW 500 Index Fund and the Price Equity Index 500 Fund pursue their investment objectives through investing primarily in the stocks included in the S&P 500® Index, in attempting to match the performance of that index.
The TDW Dow 30 Fund invests primarily in the equity securities of the 30 companies comprising the DJIASM in the same proportions that they are represented in the DJIASM.
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Extended Index Funds
Investment Objectives
The TDW Extended Market Index Fund seeks to track closely the total return of a benchmark index that measures the investment return of mid- and small-cap stocks, before the deduction of Fund expenses. The Price Extended Equity Market Index Fund seeks to match the performance of the U.S. stocks not included in the S&P 500® Index, which are primarily small- and mid-cap stocks. The Funds’ investment objectives are substantially the same.
Investment Policies
Strategies. Both Extended Index Funds pursue their investment objectives by investing primarily in stocks included in the Dow Jones Wilshire 4500 Completion Index (“DJW 4500”), in attempting to match the performance of that index.
International Index Funds
Investment Objectives
The investment objective of the TDW Asian Pacific Index Fund is to seek to track closely the total return of a benchmark index that measures the investment return of stocks of Pacific Basin companies, before the deduction of Fund expenses. The investment objective of the TDW European Index Fund is to seek to track closely the total return of a benchmark index that measures the investment return of stocks of European companies, before the deduction of Fund expenses. The investment objective of the Price International Equity Index Fund is to seek to provide long-term growth of capital. The Price Fund uses the FTSE™ Developed ex North America Index, an equity market based on the market capitalization of over 1,000 predominantly large companies listed in 21 countries, including Japan, the U.K., and developed countries in Continental Europe and the Pacific Rim. While the investment objective of each International Index Fund differs, each seeks to track an international equity index.
Investment Policies
Strategies. The TDW Asian Pacific Index Fund, the TDW European Index Fund and the Price International Equity Index Fund pursue their respective investment objectives by investing primarily in stocks that comprise the MSCI® Pacific Index, the MSCI® Europe Index and the FTSE™ Developed ex North America Index, respectively, in attempting to match the performance of those indices. While the TDW Asian Pacific Index Fund invests primarily in Pacific Basin companies and the TDW European Index Fund invests primarily in European companies, companies included in the benchmark index for each of the TDW Asian Pacific Index Fund and the TDW European Index Fund are included in the benchmark index for the Price International Equity Index Fund.
All Funds
Principal Risk Factors
For a discussion of the principal risks of investing in each Fund, see “Principal Risk Factors and Special Considerations.”
Trustees/Directors and Officers
Each of the TDW Funds and the Price Funds is governed by a Board of Trustees/Directors that meets regularly to review its respective Funds’ investments, performance, expenses, and other business affairs. Each Board of Trustees/Directors elects its respective Funds’ officers.
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Management Arrangements
Comparison of Management Arrangements and Fees. TDWAM serves as the investment adviser for the Acquired Funds. TD Investment Management Inc. (“TDIM”), an affiliate of TDWAM, serves as investment sub-adviser to each of the Acquired Funds except the TDW Dow 30 Fund. T. Rowe Price serves as the investment adviser for the Acquiring Funds, except the Price International Equity Index Fund for which T. Rowe Price International serves as the investment adviser. Each of TDWAM, T. Rowe Price and T. Rowe Price International is responsible for the management of the investment portfolio of each Acquired Fund and Acquiring Fund, as applicable; provided, that TDWAM has delegated investment discretion to TDIM with respect to each of the Acquired Funds except the TDW Dow 30 Fund. See “Proposal No. 1: Approval of the Plans” for more detailed information regarding the advisory arrangements of the Funds.
The table below sets forth the fees, as a percentage of average daily net assets, payable by each Acquired Fund and Acquiring Fund to TDWAM and T. Rowe Price or T. Rowe Price International, as applicable, for their management services:
Fund: | Advisory Fee Rate: | |
TDW Bond Index Fund | 0.30% | |
Price U.S. Bond Index Fund | 0.30%* | |
TDW Dow 30 Fund | 0.20% | |
TDW 500 Index Fund | 0.30% | |
Price Equity Index 500 Fund | 0.15% | |
TDW Extended Market Index Fund | 0.30% | |
Price Extended Equity Market Index Fund | 0.40%* | |
TDW Asian Pacific Index Fund | 0.40% | |
TDW European Index Fund | 0.40% | |
Price International Equity Index Fund | 0.50%* |
*The advisory fee includes operating expenses.
The advisory fee rate payable by each Combined Fund after consummation of the Reorganizations will be the same as the advisory fee rates payable by the Acquiring Funds.
Combined Fund: | Pro Forma Effective Advisory Fee Rate: |
Bond Index Combined Fund | 0.30%* |
Equity Index 500 Combined Fund | 0.15% |
Extended Equity Market Index Combined Fund | 0.40%* |
International Equity Index Combined Fund | 0.50%* |
*The advisory fee includes operating expenses.
Investment Management Agreements. The investment management agreements between the Price Corporations, on behalf of the Acquiring Funds, as applicable, and T. Rowe Price or T. Rowe Price International, as applicable (the “T. Rowe Price Investment Management Agreements”) are similar to the Investment Management Agreements applicable to the Acquired Funds (the “TDW Investment Management Agreements”), except for certain matters including the advisory fees and the identity of the adviser. See “Proposal No. 1: Approval of the Plans�� for further discussion regarding these agreements. If shareholders approve the Reorganizations, the portfolios of the Acquired Funds will be managed by T. Rowe Price or T. Rowe Price International, as applicable, as part of the Combined Funds following completion of the Reorganizations.
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Sub-advisory Arrangements. TDIM serves as the investment sub-adviser to each of the TDW Funds, except for the TDW Dow 30 Fund. The sub-advisory fees are paid out of TDWAM’s advisory fee at no additional cost to the Acquired Funds or their shareholders. See “Proposal No. 1: Approval of the Plans” for additional information regarding the Acquired Funds’ sub-advisory arrangements. The Price Funds do not have a sub-adviser.
Administrative Arrangements
T. Rowe Price or T. Rowe Price International provides administrative services to the Price Funds pursuant to the T. Rowe Price Investment Management Agreements. TD Waterhouse Investor Services, Inc. (“TD Waterhouse”), an affiliate of TDWAM, provides certain administrative services to the TDW Funds. Each TDW Fund other than the TDW Dow 30 Fund pays a fee to TD Waterhouse for these services. TDWAM pays TD Waterhouse for administrative services provided to the TDW Dow 30 Fund. See “Proposal No. 1: Approval of the Plans” for additional information regarding the Funds’ administrative arrangements.
Distribution and Shareholder Servicing Arrangements
Distributor. FDI (or the “TDW Funds’ Distributor”) acts as the distributor of the shares of the Acquired Funds. FDI is not affiliated with TDWAM. T. Rowe Price Investment Services, Inc. (“Price Investment Services” or the “Price Distributor”), an affiliate of T. Rowe Price, acts as the distributor of the shares of the Acquiring Funds. See “Proposal No. 1: Approval of the Plans” for additional information regarding the Funds’ distribution arrangements.
Sales Charges. Both the Acquired Funds and the Acquiring Funds are “no-load” funds. This means that investors can purchase and redeem shares of the Funds without being subject to any sales charges. In addition, neither the Acquired Funds nor the Acquiring Funds have adopted a plan of distribution pursuant to Rule 12b-1 under the Investment Company Act.
Shareholder Servicing Plans. Each TDW Fund has adopted a Shareholder Servicing Plan which permits each TDW Fund to pay banks, broker-dealers or other financial institutions (including TD Waterhouse and its affiliates) for shareholder support services they provide to their clients who are shareholders of the Fund, at a rate of 0.25% of the average daily net assets of the Fund. These services may include, among other services, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records. At present, TD Waterhouse is the only financial institution that may be paid for its services under the Shareholder Servicing Plan. The Acquiring Funds do not have a similar plan. See “Proposal No. 1: Approval of the Plans” for additional information regarding these services.
Other Service Agreements with Affiliates
National Investor Services Corp. acts as transfer and dividend disbursing agent to the Acquired Funds. T. Rowe Price Services, Inc., (“Price Services”), a wholly owned subsidiary of T. Rowe Price, acts as transfer and dividend disbursing agent to the Acquiring Funds, and will continue to act as such for the Combined Funds. See “Proposal No. 1: Approval of the Plans” for additional information regarding these service agreements.
Other
Shares. As with all mutual funds, investors purchase shares when they invest in the Funds. Share certificates are not generally issued.
Each full share and fractional share entitles the shareholder to receive a proportional interest in the respective Fund’s dividends and capital gain distributions and to cast one vote per share, with fractional shares voting proportionally, on certain Fund matters, including the election of trustees or directors, as the case may be, changes in fundamental policies, or approval of changes in investment advisory agreements.
Purchase of Shares. The procedures for purchasing shares are similar, but not identical, for all Funds. See “Proposal No. 1: Approval of the Plans” below, “How To Buy Shares” in the Acquired Funds Prospectus and “Purchasing Additional Shares” in the Acquiring Funds Prospectus.
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Redemption of Shares. The procedures for redeeming shares are similar, but not identical, for all Funds. See “Proposal No. 1: Approval of the Plans” below, “How To Sell Shares” in the Acquired Funds Prospectus and “Exchanging And Redeeming Shares” in the Acquiring Funds Prospectus.
Exchanges of Shares. The procedures for exchanging shares are similar, but not identical, for all Funds. See “Proposal No. 1: Approval of the Plans” below, “How To Buy Shares” in the Acquired Funds’ Prospectus and “Exchanging And Redeeming Shares” in the Acquiring Funds’ Prospectus.
Dividends. The Funds currently have the same or similar policies with respect to dividends. See “Proposal No. 1: Approval of the Plans” below, “Dividends and Distributions” in the Acquired Funds Prospectus and “Useful Information On Distributions and Taxes” in the Acquiring Funds Prospectus.
Net Asset Value. The price at which each Fund’s shares are purchased or redeemed is the Fund’s next determined net asset value per share after receipt of the purchase or redemption order. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange (“NYSE”) (currently 4:00 p.m., Eastern Time). For further discussion on net asset value and how it is determined, see “Proposal No. 1: Approval of the Plans” below, “Pricing Your Shares” in the Acquired Funds Prospectus and “Pricing Shares and Receiving Sale Proceeds” in the Acquiring Funds Prospectus.
Tax Considerations. The tax consequences associated with an investment in shares of an Acquired Fund are substantially the same as the tax consequences associated with an investment in shares of the respective Acquiring Fund. See “Taxes” in the Acquired Funds Prospectus and “Useful Information On Distributions and Taxes” in the Acquiring Funds Prospectus.
Each Reorganization has been structured with the intention that it qualify for Federal income tax purposes as a tax-free reorganization under the Code. This means that in the opinion of counsel no gain or loss will be recognized by a shareholder of an Acquired Fund for Federal income tax purposes as a result of a Reorganization. For a more detailed discussion regarding potential tax consequences of the Reorganizations, see “Proposal No. 1: Approval of the Plans.”
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PRINCIPAL RISK FACTORS AND SPECIAL CONSIDERATIONS
Many of the investment risks associated with an investment in an Acquired Fund are substantially the same as those associated with an investment in the respective Acquiring Fund. A discussion of the principal risks of investing in the Funds is set forth below. See the Acquired Funds Prospectus, the Acquiring Funds Prospectus, the Acquired Funds Statement and the Acquiring Funds Statement for more detailed discussions of investment risks associated with an investment in the Funds. There is no guarantee that the investment objective of a Fund will be achieved or that the value of a shareholder’s investment in the Fund will not decrease. Additionally, the principal risks of the Funds are substantially similar.
All Funds
Because the Funds are managed to seek to match the performance of benchmark indices, they generally will not keep a substantial portion of their assets in cash or use other techniques, such as currency or interest rate hedging or temporary defensive investments, designed to reduce the risk of loss. Thus, the Funds’ portfolios may decrease in value more than an actively managed fund in the event of a general market decline. A Fund’s investments, which may not fully replicate the benchmark index, may perform differently from the securities in the index. In addition, unlike an index, each Fund bears certain fees and expenses.
Market Risk |
Market risk is the risk that the market value of a Fund’s investments will fluctuate as the stock and bond markets fluctuate. Market risk may affect a single issuer, industry or section of the economy or it may affect the market as a whole. The market value of equity securities is based largely upon the market’s perception of the issuing company’s value. Normally, the value of fixed income securities varies inversely with changes in prevailing interest rates.
Derivatives Risk
To the extent that a Fund invests in derivatives, such as futures and options, it is exposed to additional volatility and potential losses.
Non-Diversified Risk
Each of the TDW Funds’ “non-diversified” status allows it to invest a greater percentage of its assets in the securities of a single company than a diversified fund. To the extent a TDW Fund invests a greater percentage of its assets in a single company, the Fund has greater exposure to the performance and risks of that company.
Bond Index Funds
Interest Rate Risk |
Both Bond Index Funds are subject to interest rate risk. Interest rate risk is the risk that bond prices overall will decline over short- or even long-term periods due to rising interest rates. Interest rate risk is generally higher for long-term bonds, and lower for short-term bonds. Investors should be concerned primarily with this risk because the Lehman Index has typically had an intermediate to long weighted average maturity.
Credit Risk |
Both Bond Index Funds are subject to credit risk, which is the risk that a bond issuer will have its credit ratings downgraded or will fail to pay interest and principal in a timely manner, reducing the Fund’s return.
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Prepayment Risk
Both Bond Index Funds are subject to prepayment risk, which is the risk that during periods of falling interest rates, a mortgage-backed bond issuer will repay a higher-yielding bond before its maturity date. Forced to invest the unanticipated proceeds at lower rates, a Fund would experience a decline in income and lose the opportunity for additional price appreciation associated with falling rates.
Equity Index Funds
While there is no guarantee, the Equity Index Funds could be less volatile than other stock funds because of their focus on U.S., larger-cap stocks. However, large-cap stocks may, at times, lag the performance of shares of smaller, faster-growing companies.
Extended Index Funds
The Extended Index Funds will be subject to the greater risks associated with small- and mid-cap stocks. Investments in smaller companies may be more volatile than investments in larger companies, as smaller companies generally experience higher growth and failure rates. Small companies also tend to have limited product lines, markets or financial resources. The trading volume of smaller company securities is normally lower than that of larger companies. Changes in the demand for the securities of smaller companies generally has a disproportionate effect on their market price, tending to make prices rise more in response to buying demand and fall more in response to selling pressure.
International Index Funds
The International Index Funds, because they invest overseas, generally carry more risk than funds that invest strictly in U.S. assets. Even investments in countries with highly developed economies are subject to significant risks. Some particular risks affecting the International Index Funds include the following:
Currency Risk
The International Index Funds are subject to currency risk which refers to a decline in the value of a foreign currency versus the U.S. dollar, which reduces the dollar value of securities denominated in that currency.
Other Risks of Foreign Investing
Foreign companies may not be subject to the same accounting, auditing and financial reporting standards and practices as U.S. companies. In addition, some foreign stock exchanges, brokers and companies have less government supervision and regulation than their U.S. counterparts.
Investments in foreign securities involve country risk, which is the risk that the economy of a country will be damaged by political instability, financial problems or natural disasters. To the extent any investments are in developing companies, these risks would be heightened.
Because of its emphasis on the Pacific Basin or European countries, respectively, the TDW Asian Pacific Index Fund or the TDW European Index Fund may involve a higher degree of foreign risk than a more geographically diversified international fund such as the Price International Equity Index Fund.
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PROPOSAL NO. 1: APPROVAL OF THE PLANS
THE REORGANIZATIONS
General
Under the Plan, the applicable Acquiring Fund will acquire substantially all of the assets of the respective Acquired Fund (net of accrued liabilities) solely in exchange for an equal aggregate value of Corresponding Shares of such Acquiring Fund. Upon receipt by an Acquired Fund of Corresponding Shares, such Acquired Fund will distribute such Corresponding Shares to its shareholders, as described below. All issued and outstanding shares of the Acquired Funds will be cancelled, and each Acquired Fund’s existence as a separate investment portfolio of TD Waterhouse Trust will be terminated as soon as practicable following consummation of the respective Reorganization.
Generally, the assets transferred by an Acquired Fund to the respective Acquiring Fund will include all investments of such Acquired Fund held in its portfolio as of the Valuation Time (as defined in the Plan) and all other assets of such Acquired Fund as of such time, net of any accrued but unpaid liabilities of the Acquired Fund.
In the course of each Reorganization, each holder of shares of an Acquired Fund will receive Corresponding Shares of the respective Acquiring Fund. No sales charges will be imposed on the Corresponding Shares issued in connection with the Reorganizations.
Each Acquired Fund will distribute the Corresponding Shares received by it in connection with its Reorganization pro rata to its shareholders in exchange for such shareholders’ proportional interests in such Acquired Fund. The Corresponding Shares received by an Acquired Fund’s shareholders will have the same aggregate net asset value as each such shareholder’s interest in such Acquired Fund as of the Valuation Time. See “—Terms of the Plans” below for information concerning the calculation of net asset value.
Since the Corresponding Shares will be issued at net asset value in exchange for the net assets of an Acquired Fund having a value equal to the aggregate net asset value of the shares of such Acquired Fund as of the Valuation Time, the net asset value per share of the respective Acquiring Fund should remain virtually unchanged solely as a result of a Reorganization. Thus, the Reorganizations should not result in dilution of the net asset value of the Acquired Funds or the Acquiring Funds immediately following consummation of the Reorganizations. However, as a result of a Reorganization, a shareholder of an Acquired Fund may hold a smaller percentage of ownership in the respective Combined Fund than he or she did in the Acquired Fund prior to the Reorganization. In addition, a shareholder of an Acquired Fund may end up with a different number of shares compared to what he or she originally held, but the total dollar value of shares held will remain the same.
If the shareholders of the Acquired Funds approve the Reorganizations at the Meeting, all required regulatory approvals are obtained, and certain conditions are either met or waived, it is expected that the Reorganizations will take place prior to the end of the second calendar quarter of 2005. A Reorganization is not dependent on the consummation of any other Reorganization; however, the Reorganization involving the TDW Dow 30 Fund is dependent on the approval of Proposal 2 by shareholders of the TDW Dow 30 Fund. If an Acquired Fund’s shareholders do not approve their respective Reorganization, the TDW Board will consider other possible courses of action which may be in the best interests of shareholders, including liquidating the particular Fund(s).
Terms of the Plans
The following is a summary of the significant terms of the Plans. This summary is qualified in its entirety by reference to the Plans, a form of which is attached hereto as Exhibit I.
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Valuation of Assets and Liabilities
The respective assets and liabilities of the Acquired Funds and the Acquiring Funds will be valued as of the Valuation Time. The assets in each Fund will be valued according to the procedures set forth under “Pricing Shares and Receiving Sale Proceeds” and “ Net Asset Value per Share” in the Acquiring Funds Prospectus and the Acquiring Funds Statement, respectively, and in accordance with the Acquiring Funds valuation procedures. Purchase orders for an Acquired Fund’s shares which have not been confirmed as of the Valuation Time will be treated as assets of such Acquired Fund for purposes of the respective Reorganization; redemption requests with respect to an Acquired Fund’s shares which have not settled as of the Valuation Time will be treated as accrued, but unpaid, liabilities of such Acquired Fund for purposes of the respective Reorganization and accordingly, will not be transferred to the Acquiring Fund.
Issuance and Distribution of Corresponding Shares
On the Closing Date (as defined in the Plan), each Acquiring Fund will issue to the respective Acquired Fund a number of full and fractional Corresponding Shares the aggregate net asset value of which will equal the aggregate net asset value of shares of such Acquired Fund as of the Valuation Time. Such Acquired Fund will then distribute the Corresponding Shares received by it pro rata to its shareholders of record as of the Valuation Time in exchange for such shareholders’ proportional interests in such Acquired Fund. The Corresponding Shares received by an Acquired Fund’s shareholder will have the same aggregate net asset value as such shareholder’s interest in such Acquired Fund as of the Valuation Time.
Expenses
All costs of the Reorganizations incurred by TD Waterhouse Trust or the Acquired Funds will be borne by TDWAM or an affiliate thereof (“TDW”), regardless of whether the Reorganizations are consummated. All costs of the Reorganizations incurred by the Price Corporations and the Acquiring Funds will be borne by them unless assumed by T. Rowe Price or T. Rowe Price International, regardless of whether the Reorganizations are consummated. No portion of the expenses of the Reorganizations will be borne directly or indirectly by the Acquired Funds or their shareholders.
Required Approvals
The Agreement and Declaration of Trust of TD Waterhouse Trust (as amended to date) requires approval of each Reorganization by Majority Shareholder Vote.
Amendments and Conditions
The Plan may be amended at any time prior to the Closing Date with respect to any of the terms therein. The obligations of each Acquired Fund and Acquiring Fund pursuant to the Plan, as it relates to each particular Fund, are subject to various conditions, including the requisite approval of the respective Reorganization by such Acquired Fund’s shareholders, the receipt of an opinion of counsel as to tax matters and the confirmation by the respective Acquired Fund and Acquiring Fund of the continuing accuracy of their respective representations and warranties contained in such Plan.
Termination, Postponement and Waivers
Each Plan may be terminated, and the respective Reorganization abandoned at any time, whether before or after adoption thereof by the respective Acquired Fund’s shareholders, prior to the Closing Date, or the Closing Date may be postponed: (i) by mutual agreement of the TDW Board and the Price Boards; (ii) by an Acquired Fund if any condition to such Acquired Fund’s obligations has not been fulfilled or waived; or (iii) by an Acquiring Fund if any condition to such Acquiring Fund’s obligations has not been fulfilled or waived.
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TDW Board Considerations: Potential Benefits to Shareholders as a Result of the Reorganizations
In approving the Reorganizations, based upon their evaluation of all relevant information, and after meeting with counsel to the TDW Independent Trustees regarding the legal issues involved, the TDW Board considered that, following each Reorganization, shareholders of an Acquired Fund will remain invested in an index fund that seeks to track the same or a comparable index. In addition, the TDW Board considered the following, among other things:
• | The terms and conditions of the Reorganizations. | |
• | The historical performance records of the Acquired Funds and Acquiring Funds in relation to each other and their benchmark indices. | |
• | The similarities and differences between the investment objectives and strategies of each Acquired and respective Acquiring Fund. In particular, the TDW Board took into account the comparability of the Bond Index Funds, the Extended Index Funds, and the TDW 500 Index Fund and Price Equity Index 500 Fund, respectively. The TDW Board considered the differences between the TDW Dow 30 Fund and the Price Equity Index 500 Fund, and determined that, on balance, it would be in the best interests of TDW Dow 30 Fund shareholders to reorganize with another large capitalization equity index fund, albeit one with a broader benchmark index. With respect to the Reorganizations involving the International Index Funds, the TDW Board determined that it would be in the best interests of shareholders of the TDW Asian Pacific Index Fund and TDW European Index Fund to obtain exposure to a more geographically diversified international equity index. The TDW Board also considered the potential tax consequences and other costs to shareholders of the realignment of the portfolios of the TDW Dow 30 Fund and the TDW Asian Pacific Index Fund prior to the consummation of the respective Reorganization. It is anticipated that the securities held by these Funds may be sold, and new securities may be purchased, in significant amounts, in order to comply with the objectives and investment policies of the respective Acquiring Funds in connection with the applicable Reorganization; however, these Funds will not dispose of assets to an extent or in a manner that would jeopardize the tax-free nature of the Reorganizations under the Code. The disposition of assets by these Funds or any Acquired Fund may result in the realization of taxable gains or losses by the respective Acquired Fund shareholders. The TDW Board concluded that the impact of such transactions would not be significant in relation to the potential benefits to shareholders from the respective Reorganization. | |
• | The gross and net expense ratios of the Acquired Funds and the Acquiring Funds before the Reorganizations and the estimated expense ratios of the Combined Funds on a pro forma basis after the Reorganizations. In particular, the TDW Board considered that the management fee for each of the Acquiring Funds other than the Price Equity Index 500 Fund includes operating expenses, with the result that each such Acquiring Fund is subject to aggregate contractual fees and expenses at a rate lower than the respective Acquired Fund. The TDW Board considered that the net expense ratios for each Acquiring Fund are lower than for the respective Acquired Fund, except in the case of the TDW 500 Index Fund and TDW Extended Market Index Fund where the net expense ratios are the same as those of the Acquiring Fund. The TDW Board also considered the voluntary nature of the agreement by TDWAM and its affiliates to waive fees and reimburse expenses, and noted that there was no assurance that these subsidizations would continue in the future. | |
• | The relative annual rates of advisory fees payable by the Acquired Funds and the Acquiring Funds. The TDW Board considered that the contractual advisory fee rates of the Acquired and Acquiring Funds were different, but that in cases where the Acquiring Funds’ advisory fee rate is higher, it includes the Funds’ operating expenses as well. | |
• | The investment experience, expertise and resources of T. Rowe Price, T. Rowe Price International and other service providers to the Acquiring Funds in the areas of distribution, investment, and shareholder services. In particular, the TDW Board took into account T. Rowe Price’s reputation as a high quality service provider and the large array of other funds with which shareholders of the Combined Funds would have exchange privileges. |
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• | The fact that each Reorganization has been structured with the intention that it qualify for Federal income tax purposes as a tax-free reorganization under the Code. | |
• | The fact that TDWAM or an affiliate thereof will bear all expenses of the Acquired Funds relating to the Reorganizations. The Board also took into account the fact that T. Rowe Price had agreed to pay TDWAM or its affiliates an amount equal to 5 basis points of the value of the aggregate net assets of the Acquired Funds on the Closing Date if the Reorganizations are consummated, and that TDWAM had indicated that this amount was unlikely to cover its expenses of the transactions. | |
• | Alternatives available to the Acquired Funds, including their potential liquidation. The TDW Board took into account that TDW had indicated that it desired to refocus on its core business, which does not include proprietary index funds. The TDW Board considered that the relatively small size of the Acquired Funds individually and in the aggregate made them undesirable as acquisition candidates by other mutual fund organizations. As a result, the TDW Board considered that the only viable alternative to the Reorganizations was liquidation of the Acquired Funds. The TDW Board determined that the Reorganizations presented a more desirable option for Acquired Fund shareholders than liquidation. This determination was based on, among other factors, the tax-free nature of each Reorganization and the ability of Acquired Fund shareholders to redeem shares at any time before or after the Reorganization without the imposition of any sales charge or redemption fee (although redemptions after the Closing Date would be subject to routine transaction charges). |
In approving the Reorganizations, the TDW Board, including all of the TDW Independent Trustees, determined that each Reorganization is in the best interests of the respective Acquired Fund and its shareholders. In addition, the TDW Board, including all of the TDW Independent Trustees, also determined that the interests of the shareholders of each Acquired Fund would not be diluted as a result of effecting the respective Reorganization because each such shareholder will receive Corresponding Shares of the Acquiring Fund having an aggregate net asset value equal to the aggregate net asset value of his or her shares of the Acquired Fund outstanding as of the Valuation Time. Consequently, the TDW Board approved the Plans and directed that the Plans be submitted to the shareholders of each respective Acquired Fund for approval of its respective Reorganization.
The Board of Trustees of TD Waterhouse Trust unanimously recommends that the shareholders of each Acquired Fund approve the Plan that relates to their Fund. Approval of a Plan by one Acquired Fund is not contingent upon the approval of a Plan by any other Acquired Fund.
The Price Boards have also approved the Plans on behalf of the Acquiring Funds.
Federal Income Tax Consequences of the Reorganizations
General
Each Reorganization has been structured with the intention that it qualify for Federal income tax purposes as a tax-free reorganization under Section 368(a) of the Code. This means that, in the opinion of counsel, no gain or loss will be recognized by a shareholder of an Acquired Fund for Federal income tax purposes as a result of a Reorganization.
As a condition to the closing of each Reorganization, each of the Acquired Funds and Acquiring Funds will receive an opinion of Shearman & Sterling LLP (“Shearman & Sterling”), counsel to the Acquired Funds, substantially to the effect that, among other things, for Federal income tax purposes, upon consummation of each Reorganization (i) no gain or loss will be recognized by an Acquired Fund or an Acquiring Fund as a result of its respective Reorganization, (ii) no gain or loss will be recognized by a shareholder of an Acquired Fund upon his or her receipt of Corresponding Shares in the respective Reorganization solely in exchange for his or her shares of such Acquired Fund, (iii) an Acquired Fund and an Acquiring Fund each will be a “party to a reorganization” under Section 368(b) of the Code, (iv) the holding period of the assets of an Acquired Fund acquired by the respective Acquiring Fund will include the period during which such assets were held by such Acquired Fund, (v) the holding period for Corresponding Shares of an Acquiring Fund received by each shareholder of the respective Acquired Fund in exchange for his or her shares of such Acquired Fund will include the period during which such shareholder held shares of such Acquired Fund (provided such Acquired Fund shares were held as capital assets on the date of the exchange), and (vi) immediately after a Reorganization, the tax basis of the Corresponding Shares received by shareholders of the respective Acquired Fund in such Reorganization will be equal, in the aggregate, to the tax basis of the shares of such Acquired Fund surrendered in exchange therefor. Shearman & Sterling’s opinion will be based upon certain representations made by the parties to the Reorganizations.
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An opinion of counsel does not have the effect of a private letter ruling from the Internal Revenue Service (“IRS”) and is not binding on the IRS or any court. If a Reorganization is consummated but fails to qualify as a reorganization within the meaning of Section 368 of the Code, the Reorganization would be treated as a taxable sale of assets followed by a taxable liquidation of the respective Acquired Fund, and Acquired Fund shareholders would recognize a taxable gain or loss equal to the difference between their basis in the Acquired Fund shares and the fair market value of the Corresponding Shares received.
To the extent an Acquiring Fund has unrealized capital gains at the time of the respective Reorganization, the respective Acquired Fund’s shareholders may incur taxable gains in the year that such Acquiring Fund realizes and distributes those gains. This will be true notwithstanding that the unrealized gains were reflected in the price of such Acquiring Fund’s shares at the time they were exchanged for assets of such Acquired Fund in the respective Reorganization. Conversely, shareholders of an Acquiring Fund would share in unrealized capital gains of the respective Acquired Fund after the respective Reorganization and bear a tax consequence on the subsequent realization of such gains.
To the extent that an Acquired Fund has loss carryforwards at the time of the respective Reorganization, Acquired Fund shareholders may not be able to benefit from such loss carryforwards after the Reorganizations.
Shareholders should consult their tax advisers regarding the effect of the Reorganizations in light of their individual circumstances. As the foregoing relates only to Federal income tax consequences, shareholders also should consult their tax advisers as to the non-United States, state, local and other tax consequences of the Reorganizations.
Status as a Regulated Investment Company
All Funds have elected and qualified to be taxed as regulated investment companies under Sections 851-855 of the Code, and after the Reorganizations, the Acquiring Funds intend to continue to qualify as regulated investment companies. An Acquired Fund’s existence as a separate investment portfolio of TD Waterhouse Trust will be terminated as soon as practicable following the consummation of the applicable Reorganization.
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Capitalization
The following table sets forth the capitalization of each Acquired Fund and each Acquiring Fund as of February 28, 2005, and the capitalization of each Combined Fund, on a pro forma basis, as if the Reorganizations had occurred on that date.
TDW Bond Index Fund | Price Bond Index Fund | Pro Forma Bond Index Combined Fund | ||||
---|---|---|---|---|---|---|
Total Net | ||||||
Assets | $18,714,144 | $144,984,853 | $163,698,997 | |||
Shares Outstanding | 1,772,675 | 13,592.939 | 15,346,842 | |||
Net Asset Value Per Share | $10.56 | $10.67 | $10.67 | |||
TDW Dow 30 Fund | Price Equity Index 500 fund | Pro Forma Equity Index Combined Fund + | ||||
Total Net | ||||||
Assets | $173,819,335 | $4,917,841,205 | $5,237,155,883 | |||
Shares Outstanding | 16,052,353 | 151,682,843 | 161,532,155 | |||
Net Asset Value Per Share | $10.83 | $32.42 | $32.42 | |||
TDW 500 Index Fund | Price Equity Index 500 Fund | Pro Forma Equity Index Combined Fund+ | ||||
Total Net | ||||||
Assets | $145,495,343 | $4,917,841,205 | $5,237,155,883 | |||
Shares Outstanding | 18,212,365 | 151,682,843 | 161,532,155 | |||
Net Asset Value Per Share | $7.99 | $32.42 | $32.42 | |||
TDW Extended Market Index Fund | Price Extended Equity Market Index Fund | Pro Forma Extended Equity Market Index Combined Fund | ||||
Total Net | ||||||
Assets | $55,890,180 | $168,150,799 | $224,040,979 | |||
Shares Outstanding | 6,673,826 | 12,885,299 | 17,168,071 | |||
Net Asset Value Per Share | $8.37 | $13.05 | $13.05 | |||
TDW Asian Pacific Index Fund | Price International Equity Index Fund | Pro Forma International Equity Index Combined Fund++ | ||||
Total Net | ||||||
Assets | $14,263,305 | $77,729,735 | $107,837,011 | |||
Shares Outstanding | 1,770,575 | 7,153,098 | 9,922,857 | |||
Net Asset Value Per Share | $8.06 | $10.87 | $10.87 | |||
TDW European Index Fund | Price International Equity Index Fund | Pro Forma International Equity Index Combined Fund++ | ||||
Total Net | ||||||
Assets | $15,843,971 | $77,729,735 | $107,837,011 | |||
Shares Outstanding | 1,649,192 | 7,153,098 | 9,922,857 | |||
Net Asset Value Per Share | $9.61 | $10.87 | $10.87 |
+ Includes TDW Dow 30 Fund, TDW 500 Index Fund and Price Equity Index 500 Fund.
++ Includes TDW Asian Pacific Index Fund, TDW European Index Fund and Price International Equity Index Fund.
The table set forth above should not be relied upon to reflect the number of shares to be received in the Reorganizations; the actual number of shares to be received will depend upon the net asset value and number of shares outstanding of each Fund at the Valuation Time.
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COMPARISON OF THE FUNDS
Investment Policies
The principal investment objectives and investment strategies of each Fund were set forth above under “Summary.” The Funds’ investment strategies are further described below.
Bond Index Funds
In seeking to track the Lehman Index, both Bond Index Funds use a strategy known as “sampling.” This strategy involves dividing the Lehman Index into components and sub-components and then selecting representative bonds whose characteristics closely match those of the components or sub-components of the index. Some examples of these sub-components are interest rate sensitivity, credit quality and sector weightings. Sampling offers an effective approach to index management.
As stated above, the TDW Bond Index Fund anticipates being overweighted in U.S. government securities until it reaches an asset level of approximately $25 million. Due to this fact, the Fund is not expected to track the index with the same degree of accuracy as if it were invested more broadly in bonds consistent with the index.
Equity Index Funds
In seeking to track their respective indices, each of the Equity Index Funds uses a strategy known as “replication” or “full replication.” Under this strategy, a Fund attempts to maintain holdings of each stock in proportion to its weight in the index.
While the TDW Dow 30 Fund and the Price Equity Index 500 Fund both use a replication strategy, they have different investment objectives and strategies in that they seek to track different indices.
Extended Index Funds
In seeking to track the Wilshire 4500, both Extended Index Funds use a sampling strategy. See “---Bond Index Funds” above for an explanation of sampling.
International Index Funds
The TDW Asian Pacific Index Fund and the TDW European Index Fund both use a sampling strategy to track their respective indices. The Price International Equity Index Fund uses a full replication strategy, to track the FTSE™ Developed ex North America Index.
In addition, as stated above, the International Index Funds differ in their investment strategies in that they seek to track different indices.
Directors and Officers
The Price Funds are governed by the Price Boards. The Board of Directors of T. Rowe Price Index Trust, Inc. currently consists of eight individuals, six of whom are independent of T. Rowe Price and T. Rowe Price International (“Price Independent Directors”). The Board of Directors of T. Rowe Price International Index Fund, Inc. currently consists of seven individuals, six of whom are Price Independent Directors. The Board of Directors of T. Rowe Price U.S. Bond Index Fund, Inc. currently consists of eight individuals, six of whom are Price Independent Directors.
The Price Boards are responsible for the overall supervision of the Price Funds and perform various duties imposed on directors of investment companies by the Investment Company Act. Directors and officers of the Price Funds are also directors/trustees and officers of some or all of the other investment companies managed, administered or advised by T. Rowe Price or T. Rowe Price International, and distributed by Price Investment Services and other affiliates. The Price Boards elect the Acquiring Funds’ officers. For additional information regarding the Price Boards see “Management of the Funds” in the Acquiring Funds Statement.
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Management and Administrative Arrangements
Overview
TDWAM, a Delaware corporation, is located at 100 Wall Street, New York, New York 10005. T. Rowe Price and T. Rowe Price International, each Maryland corporations, are located at 100 East Pratt Street, Baltimore, Maryland 21202. TDWAM currently serves as the investment adviser for the Acquired Funds and T. Rowe Price or T. Rowe Price International currently serve as the investment adviser for the Acquiring Funds. Each of TDWAM, T. Rowe Price and T. Rowe Price International is responsible for the management of the investment portfolio of each Acquired Fund and Acquiring Fund, as applicable; however, TDWAM has delegated investment discretion over each TDW Fund other than the TDW Dow 30 Fund to TDIM as sub-adviser. TDIM’s address is 161 Bay Street, Canada Trust Tower, 35th Floor, Toronto, Ontario, Canada M5J 2T2. After the Reorganization, T. Rowe Price will serve as the investment adviser to all of the Combined Funds, except for the International Equity Index Combined Fund, for which T. Rowe Price International will continue to serve as the investment adviser.
T. Rowe Price and T. Rowe Price International
T. Rowe Price, T. Rowe Price International and their respective affiliates have over $235 billion in assets under management as of December 31, 2004.
Each of the Price Funds has an Investment Advisory Committee. The chairman of each Committee has day-to-day responsibility for managing the portfolio and works with the committee in developing and executing the Fund’s investment program.
Edmund M. Notzon, III, is the Investment Advisory Committee chairman for the Price Bond Index Fund. Mr. Notzon has been chairman since the Fund’s inception. He has been managing investments since joining T. Rowe Price in 1989. The other members of the Committee are Connice Bavely, Patrick S. Cassidy, Peter D. Leiser, Jr., Mary J. Miller, Vernon A. Reid, Jr., and Charles M. Shriver.
Eugene F. Bair is the Investment Advisory Committee chairman for the Price Equity Index 500 Fund and Price Extended Equity Market Index Fund. Mr. Bair has been chairman of each of these Fund’s Committee since 2002. He joined T. Rowe Price in 1998 and has been managing investments since 2000. The other members of each of these Funds’ Committees are Jeanne M. Aldave, Ann M. Holcomb, Sudhir Nanda, and Richard T. Whitney.
Richard T. Whitney is Investment Advisory Committee chairman for the Price International Index Fund. He has been chairman since 2004. he joined T. Rowe Price in 1985 and has been managing investments since 1986. The other members of the Committee are Jeanne M. Aldave, Eugene F. Bair, and Neil Smith.
After the Reorganizations, these portfolio managers will continue to manage the Combined Funds.
Comparison of the Investment Management Agreements
The TDW Investment Management Agreements and the T. Rowe Price Investment Management Agreements are similar, except for certain matters, including the advisory fees and the identity of the adviser.
The advisory fees payable by the Acquired Funds to TDWAM are set out above under “Fee Tables and Examples.” The advisory fees payable by the Acquiring Funds to T. Rowe Price or T. Rowe Price International, as the case may be, are set out above under “Fee Tables and Examples.”
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The advisory fees payable by each of the Bond Index Funds are at the same annual rate under both Investment Management Agreements. The advisory fees payable by each of the Equity Index Funds and the Extended Index Funds are at a lower annual rate under the T. Rowe Price Investment Management Agreement. The advisory fees payable by the Price International Equity Index Fund is at a higher annual rate under the T. Rowe Price Investment Management Agreement than the fees payable by the other International Index Funds. The advisory fees payable by each of the Acquiring Funds other than the Price Equity Index 500 Fund also includes the respective Fund’s operating expenses. In the case of the Acquired Funds, their operating expenses are borne separately. The T. Rowe Price Investment Management Agreements provide for the provision of administrative services to each Acquiring Fund by T. Rowe Price or T. Rowe Price International for no additional fee. TD Waterhouse provides administrative services to each Acquired Fund. Each of the Acquired Funds other than the TDW Dow 30 Fund pays a separate fee for administrative services. See “Administrative Arrangements” below for more information on regarding the Funds’ administrative arrangements.
With respect to each Acquired Fund, TDWAM and its affiliates have agreed voluntarily to reduce total expenses by waiving fees and/or reimbursing expenses. As of January 31, 2004, each of the Acquired Fund’s net total annual expense ratios were capped at 0.35% (TDW Bond Index Fund), 0.45% (TDW Dow 30 Fund), 0.35% (TDW 500 Index Fund), 0.40% (TDW Extended Market Index Fund), 0.58% (TDW Asian Pacific Index Fund) and 0.58% (TDW European Index Fund). With respect to the Price Equity Index 500 Fund, effective January 1, 2004, T. Rowe Price contractually obligated itself to waive its fees and bear any expenses through April 30, 2006, to the extent such fees or expenses would cause the Price Equity Index 500 Fund’s ratio of expenses to net assets to exceed 0.35%. Fees waived or expenses paid under this agreement are subject to reimbursement to T. Rowe Price by the Price Equity Index 500 Fund whenever the Fund’s expense ratio is below 0.35%; however, no reimbursement will be made after April 30, 2008, or if it would result in the expense ratio exceeding 0.35%. Any amounts reimbursed will have the effect of increasing fees otherwise paid by the Price Equity Index 500 Fund. The Price Equity Index 500 Fund operated under a previous expense limitation for which T. Rowe Price may be reimbursed.
If shareholders approve the Reorganizations, following consummation of the Reorganizations, the portfolios of the Acquired Funds will be managed by T. Rowe Price or T. Rowe Price International as part of the Combined Funds. The advisory fee rate payable by each Combined Fund after consummation of the Reorganizations will be the same as the advisory fee rates payable by the Acquiring Funds.
Subadvisory Arrangements. TDWAM has retained TDIM as sub-adviser for each of the Acquired Funds, other than the TDW Dow 30 Fund. Under the terms of each of the subadvisory agreements between TDWAM and TDIM, TDIM manages the investment and reinvestment of the assets of such Acquired Fund, subject to the supervision of the TDW Board. As of the date hereof, T. Rowe Price and T. Rowe Price International have not appointed any sub-advisers for any of the Acquiring Funds.
As compensation for its services, TDIM receive fees from TDWAM computed separately for each Acquired Fund. Such fees are paid out of TDWAM’s advisory fee at no additional cost to the Acquired Funds or their shareholders.
Administrative Arrangements
T. Rowe Price or T. Rowe Price International provides administrative services to the Price Funds pursuant to the T. Rowe Price Investment Management Agreements. As stated above, the advisory fees for each Acquiring Fund, other than the Price Equity Index 500 Fund, include administrative services rendered by T. Rowe Price or T. Rowe Price International, as applicable.
TD Waterhouse, an affiliate of TDWAM, provides certain administrative services to the TDW Funds. For its services, as administrator, TD Waterhouse is entitled to receive from each TDW Fund (other than the TDW Dow 30 Fund), an annual fee of 0.10% of the average net assets of the TDW Fund. For providing administrative services to the TDW Dow 30 Fund, TDWAM (and not the Fund) compensates TD Waterhouse. TD Waterhouse has entered into a sub-administration agreement with Funds Distributor, Inc. (“FDI”) pursuant to which FDI performs certain administrative services for the TDW Funds. TD Waterhouse pays FDI’s fees for providing these services.
In the event the Reorganizations are approved by shareholders, T. Rowe Price or T. Rowe Price International will provide administrative services to the Combined Funds.
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Distribution and Shareholder Servicing Arrangements
Distributor
FDI acts as the principal distributor of the shares of the Acquired Funds. FDI is not affiliated with TDWAM. Price Investment Services, an affiliate of T. Rowe Price, acts as the distributor of the shares of the Acquiring Funds. FDI also acts as sub-administrator for TD Waterhouse Trust. All of the Funds are no-load and their shares are sold and redeemed at net asset value without the imposition of any sales charges. In addition, none of the Funds has adopted a plan of distribution pursuant to Rule 12b-1 under the Investment Company Act. The address of FDI is 100 Summer Street, Suite 1500, Boston, Massachusetts 02110. The address of Price Investment Services is 100 East Pratt Street, Baltimore, Maryland 21202. After consummation of the Reorganizations, Price Investment Services will continue to provide distribution services to each Combined Fund.
Shareholder Servicing
The TDW Funds’ Shareholder Servicing Plan permits each TDW Fund to pay banks, broker-dealers or other financial institutions (including TD Waterhouse and its affiliates) for shareholder support services they provide to their clients who are shareholders of a TDW Fund. The Acquired Funds have entered into a Services Agreement (the “TDW Services Agreement”) with TD Waterhouse for the provision of general shareholder liaison services, providing information on shareholder investments, establishing and maintaining shareholder accounts and records, and providing such other similar services as may reasonably be requested. Under the TDW Services Agreement, as compensation for services rendered, TD Waterhouse is entitled to receive a monthly fee calculated daily at an annual rate of 0.25% of the average daily net assets of the applicable Fund. At present, TD Waterhouse is the only financial institution that may be paid for its services under the Shareholder Servicing Plan. The Acquiring Funds do not have a similar plan. Price Services provides shareholder services for the Acquiring Funds. Only the Price Equity Index 500 Fund pays a separate fee for these services.
Other Service Agreements with Affiliates
National Investor Services Corp. acts as transfer and dividend disbursing agent to the Acquired Funds. The address for National Investor Services Corp. is 55 Water Street, New York, New York 10041. Price Services, a wholly owned subsidiary of T. Rowe Price, acts as the Acquiring Funds transfer and dividend disbursing agent and provides shareholder and administrative services. The address for Price Services is 100 East Pratt Street, Baltimore, Maryland 21202.
Purchase, Exchange and Redemption of Shares
The following chart highlights the purchase, redemption and exchange features of the Acquired Funds as compared to such features of the Acquiring Funds.
Purchase, Redemption and Exchange Features | Acquired Funds | Acquiring Funds | ||
---|---|---|---|---|
Minimum initial investment | • non-retirement accounts: $1,000 | • non-retirement accounts: $2,500 | ||
• retirement accounts: no minimum | • retirement accounts: $1,000 | |||
• automatic investment programs: | • gifts or transfers to minors: $1,000 | |||
$100 per month or $300 per quarter | ||||
Minimum subsequent | ||||
investments | $ 100 | • non-retirement account: $100 | ||
• retirement account: $50 | ||||
• gifts or transfers to minors: $50 | ||||
Purchases | By mail (check), telephone, electronically, or through periodic investment | By ACH Transfer, mail (check), wire or through Automatic Asset Builder |
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Purchase, Redemption and Exchange Features | Acquired Funds | Acquiring Funds | ||
---|---|---|---|---|
Redemption | By mail, telephone or | By mail or telephone | ||
electronically | ||||
Exchanges | Shares of an Acquired Fund may be | Shares of an Acquiring Fund may | ||
exchanged for shares of any other | be exchanged for shares of any | |||
Acquired Fund, subject to any | other Acquiring Fund or other T. | |||
applicable redemption fee. | Rowe Price mutual fund. | |||
Redemption Fees | • 1% for TDW Bond Index Fund* | • 2% for Price International Equity | ||
• 2% for all TDW Funds except | IndexFund** | |||
the TDW Bond Index Fund* | • 0.50% for all Price Funds except | |||
the Price InternationalEquity | ||||
Index Fund** |
* Shareholders of TDW Funds will be assessed a redemption fee of up to the amount specified (expressed as a percentage of the amount the shareholder is redeeming) if the shareholder redeems TDW Fund shares within 5 days after investing in the TDW Fund. Please see the section entitled “How to Sell Shares – Redemption Fees” in the Acquired Funds Prospectus for additional information regarding redemption fees. Redemption fees have been waived for any redemptions occurring on or after March 22, 2005. Shares of Price Funds received in the Reorganizations will not be subject to redemption fees; however, if such shares are held in a TD Waterhouse brokerage account they will be subject to any applicable transaction charges upon redemption or exchange. Alternatively, a shareholder may avoid any transaction charges by TD Waterhouse by electing to have his or her shares held directly with the Price Fund’s transfer agent.
** On shares purchased and held for less than 90 days (see the section entitled “Pricing Shares and Receiving Sale Proceeds” in the Acquiring Funds Prospectus for additional information).
Dividend Distribution and Account Policies
The following is a summary of the dividend distribution and account policies of each of the Funds and is qualified in its entirety by the more complete information contained in the Acquired Funds Prospectus, Acquiring Funds Prospectus, Acquired Funds Statement and Acquiring Funds Statement.
Valuation of Fund Shares. The net asset value per share for each Fund and class is determined once daily as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time) by dividing the net assets (the value of all assets less liabilities) of each class by the number of its shares outstanding. See “Pricing Your Shares” in the Acquired Funds Statement and “Pricing Shares and Receiving Sale Proceeds” in the Acquiring Funds Statement.
Buy and Sell Prices. When you buy shares of a Fund, you pay the net asset value. When you sell shares of a Fund, you receive the net asset value minus any applicable redemption fees.
Dividends. Each of the Acquired Funds, other than the TDW Bond Index Fund, declares and pays dividends, if any, annually. The TDW Bond Index Fund declares dividends, if any, daily and pays monthly. Each of the Acquired Funds distributes capital gains, if any, at least annually. Dividends, if any, are declared daily and paid monthly by the Price Bond Index Fund, declared quarterly by the Price Equity Index 500 Fund, and declared annually by all of the other Acquiring Funds. Capital gains distributions, if any, are paid at least annually by the Acquiring Funds. See “Dividends and Distributions” in the Acquired Funds Prospectus and “Dividends and Other Distributions” and “Capital Gain Payments” in the Acquiring Funds Prospectus.
Dividend Reinvestments. The policy relating to dividend reinvestments is substantially the same for all Funds. Unless cash payment is requested all dividends and distributions, if any, will be reinvested. See “Dividends and Distributions” in the Acquired Funds Prospectus and “Dividends and Other Distributions” in the Acquiring Funds Prospectus.
Payment Following Redemption. Each Fund will normally send the proceeds from a redemption on the next business day, but may delay payment for up to seven days. Payment may be delayed if the shares to be redeemed were purchased by a check that has not cleared. See “How to Sell Shares” in the Acquired Funds Prospectus and “Pricing Shares and Receiving Sale Proceeds” in the Acquiring Funds Prospectus.
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Performance
General
The following tables provide performance information for shares of the Funds for the periods indicated. Past performance is not indicative of future performance.
Important information about the Acquiring Funds is also contained in management’s discussion of each Acquiring Fund’s performance contained in the Annual Reports to Shareholders of the Acquiring Funds for the year ended October 31, 2004 (Price Bond Index Fund and Price International Equity Index Fund) and December 31, 2004 (Price Equity Index 500 Fund and Price Extended Equity Market Index Fund), which accompany this Proxy Statement and Prospectus.
Average annual total return is determined in accordance with a formula specified by the Commission. Average annual total return is computed by finding the average annual compounded rates of return for the 1-, 3-, 5-, and 10-year periods or for the lesser included periods of effectiveness. The calculation assumes that:
(a) All dividends and distributions are reinvested at net asset value; and | |
(b) Complete redemption occurs at the end of the 1-, 3-, 5-, or 10-year periods or fractional portion thereof with all nonrecurring charges deducted accordingly. |
Average Annual Total Returns as of 12/31/04
TDW Bond Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (8/31/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 3.50 | % | N/A | N/A | 6.76 | % | |||
Return After Taxes on Distributions | TBD | 2.13 | % | N/A | N/A | 4.83 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 2.26 | % | N/A | N/A | 4.63 | % | |||
Lehman Brothers U.S. Aggregate Index (reflects no deduction for fees, expense or taxes) | TBD | 4.34 | % | N/A | N/A | 7.39 | % |
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TDW Dow 30 Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (3/31/98) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 4.97 | % | 0.39 | % | N/A | 4.79 | % | ||
Return After Taxes on Distributions | TBD | 4.71 | % | -0.8 | 2% | N/A | 3.59 | % | ||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 3.57 | % | 0.33 | % | N/A | 3.44 | % | ||
Dow Jones Industrial Average (reflects no deduction for fees, expense or taxes) | TBD | 5.30 | % | 0.68 | % | N/A | 5.02 | % |
TDW 500 Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (8/31/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 10.48 | % | N/A | N/A | -3.92 | % | |||
Return After Taxes on | TBD | 10.21 | % | N/A | N/A | -4.17 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 7.17 | % | N/A | N/A | -3.41 | % | |||
Standard & Poor’s 500 Composite Stock Price Index (reflects no deduction forfees, expense or taxes) | TBD | 10.88 | % | N/A | N/A | -3.55 | % |
TDW Extended Market Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (8/31/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 18.27 | % | N/A | N/A | -2.72 | % | |||
Return After Taxes on Distributions | TBD | 17.93 | % | N/A | N/A | -3.00 | % | |||
Return After Taxes on | TBD | 12.12 | % | N/A | N/A | -2.44 | % | |||
Dow Jones Wilshire 4500 Completion Index (reflects no deduction for fees, expense or taxes) | TBD | 18.57 | % | N/A | N/A | -0.28 | % |
38
TDW Asian Pacific Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (8/31/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 17.38 | % | N/A | N/A | -4.13 | % | |||
Return After Taxes on | TBD | 17.30 | % | N/A | N/A | -4.34 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 11.47 | % | N/A | N/A | -3.56 | % | |||
MSCI® Pacific Index (reflects no deduction for fees, expense or taxes) | TBD | 18.98 | % | N/A | N/A | -1.83 | % |
TDW European Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (8/31/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 20.21 | % | N/A | N/A | -0.03 | % | |||
Return After Taxes on Distributions | TBD | 20.21 | % | N/A | N/A | -0.23 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 13.81 | % | N/A | N/A | -0.03 | % | |||
MSCI® Europe Index (reflects no deduction for fees, expense or taxes) | TBD | 20.88 | % | N/A | N/A | 1.45 | % |
Price Bond Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (11/30/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 3.86 | % | N/A | N/A | 6.74 | % | |||
Return After Taxes on Distributions | TBD | 2.39 | % | N/A | N/A | 4.86 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 2.49 | % | N/A | N/A | 4.62 | % | |||
Lehman Brothers U.S. Aggregate Index (reflects no deduction for fees, expense or taxes) | TBD | 4.34 | % | N/A | N/A | 7.09 | % |
39
Price Equity Index 500 Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (3/30/90) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 10.51 | % | -2.56% | 11.76 | % | 11.01 | % | ||
Return After Taxes on Distributions | TBD | 10.24 | % | -2.90% | 11.03 | % | 10.12 | % | ||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 7.16 | % | -2.32% | 10.08 | % | 9.38 | % | ||
Standard & Poor’s 500 Composite Stock Price Index (reflects no deduction for fees, expense or taxes) | TBD | 10.88 | % | -2.30% | 12.07 | % | 11.36 | % |
Price Extended Equity Market Index 500 Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (1/30/98) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 18.38 | % | 1.12 | % | N/A | 6.91 | % | ||
Return After Taxes on Distributions | TBD | 18.21 | % | 0.47 | % | N/A | 6.06 | % | ||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 12.05 | % | 0.60 | % | N/A | 5.51 | % | ||
Dow Jones Wilshire 4500 Completion Index (reflects no deduction for fees expense or taxes) | TBD | 18.57 | % | 1.38 | % | N/A | 7.02 | % |
40
Price International Equity Index Fund | Year to Date (3/31/05) | 1 Year | 5 Years | 10 Years | Since Inception (11/30/00) | |||||
---|---|---|---|---|---|---|---|---|---|---|
Return Before Taxes | TBD | 19.18 | % | N/A | N/A | 2.87 | % | |||
Return After Taxes on Distributions | TBD | 19.02 | % | N/A | N/A | 2.68 | % | |||
Return After Taxes on Distributions and Sale of Fund Shares | TBD | 12.93 | % | N/A | N/A | 2.43 | % | |||
FTSE TM Developed ex North America Index (reflects no deduction for fees, expense or taxes) | TBD | 20.76 | % | N/A | N/A | 3.83 | % |
41
Shareholder Rights
Shareholder rights are substantially the same in all of the Funds. Each full share and fractional share of a Fund entitles the shareholder to receive a proportional interest in the respective Fund’s capital gain distributions and to cast one vote per share, with fractional shares voting proportionally, on certain Fund matters, including the election of directors or trustees, changes in fundamental policies, or approval of changes in the Fund’s investment advisory agreement. Corresponding Shares issued in the Reorganizations will be fully paid and nonassessable and will have no preemptive rights. In the event of the liquidation of a Fund, shareholders of such Fund are entitled to share pro rata in the net assets of such Fund available for distribution to shareholders.
The Funds are not required to hold annual meetings and do not intend to do so unless the Investment Company Act requires an election of directors by shareholders. Under the TD Waterhouse Trust’s By-Laws, shareholders representing at least 10% of the outstanding shares entitled to vote may order a special meeting if they wish on any matter on which they are entitled to vote. Under each Price Corporation’s By-Laws, special meetings of shareholders may be ordered on the written request of shareholders entitled to cast (i) in the case of a meeting for the purpose of removing a director, at least 10% and (ii) in the case of a meeting for any other purpose, at least 25%, in each case of all the votes entitled to be cast at such a meeting.
TD Waterhouse Trust is a Delaware statutory trust. Delaware law provides that shareholders shall be entitled to the same limitation of personal liability extended to stockholders of private corporations for profit. The securities regulators of some states, however, have indicated that they and the courts in their states may decline to apply Delaware law on this point. To guard against this risk, the Trust’s Agreement and Declaration of Trust contains an express disclaimer of shareholder liability for acts or obligations of the Trust and provides for indemnification out of Trust property of any shareholder held personally liable for obligations of the Trust. Thus, the risk of a shareholder incurring financial loss on account of shareholder liability is limited to circumstances in which Delaware law does not apply (or no contractual limitation of liability was in effect) and the portfolio is unable to meet its obligation. In light of Delaware law and the nature of the Trust’s business, the TD Waterhouse Trust believes that the risk of personal liability to shareholders is extremely remote.
Each of the Price Corporations is a Maryland corporation. A shareholder of a corporation generally has no personal liability for the acts or obligations of a corporation.
Additionally, a shareholder vote is required by Maryland law to amend the charter of a Maryland corporation, whereas the TD Waterhouse Trust Declaration of Trust only requires a shareholder vote for certain types of amendments. A shareholder vote is also required to dissolve a corporation under Maryland law, however one is not required to terminate TD Waterhouse Trust under the TD Waterhouse Trust Declaration of Trust.
Tax Information
The tax consequences associated with an investment in shares of an Acquired Fund are substantially the same as the tax consequences associated with an investment in shares of the respective Acquiring Fund. See “Taxes” in the Acquired Funds Prospectuses and “Useful Information on Distributions and Taxes” in the Acquiring Funds Prospectus.
Portfolio Transactions
The procedures for engaging in portfolio transactions are generally the same for the Acquired Funds and the Acquiring Funds. Each of TDWAM, TDIM, T. Rowe Price and T. Rowe Price International may consider the nature and extent of research services provided when brokers are selected and may cause a Fund to pay such broker-dealer commissions that exceed those that other broker-dealers may have charged, if in their view the commissions are reasonable in relation to the value of the brokerage and/or research services provided. For further discussion of these procedures, see “Brokerage Allocation” in the Acquired Funds Statement and “Portfolio Transactions” in the Acquiring Funds Statement.
42
Additional Information
Independent Registered Public Accounting Firms
Currently Ernst & Young LLP serves as the independent registered public accounting firm of the Acquired Funds and PricewaterhouseCoopers LLP serves as the independent registered public accounting firm of the Acquiring Funds. If the Reorganizations are completed, it is currently anticipated that PricewaterhouseCoopers LLP will serve as the independent registered public accounting firm of the Combined Funds. The principal business address of PricewaterhouseCoopers LLP is 250 West Pratt Street, 21st Floor, Baltimore, Maryland 21201. The principal business address of Ernst & Young LLP is 5 Times Square, New York, New York 10036.
Custodian
The Bank of New York acts as the custodian of the assets of the Acquired Funds. State Street Bank and Trust Company (“State Street”) acts as the custodian of the Acquiring Funds, except the Price International Equity Index Fund for which JPMorgan Chase Bank, London (“JPMorgan”) serves as the custodian. If the Reorganizations are completed, it is currently anticipated that State Street or JPMorgan, as applicable, will continue to serve as the custodians of the Combined Funds. The principal business address of State Street is 225 Franklin Street, Boston, Massachusetts 02110. The principal business address of JPMorgan is Woolgate House, Coleman Street, London, EC2P 2HD, England.
Transfer Agent
National Investor Services Corp., 55 Water Street, New York, New York 10041, an affiliate of TDWAM, serves as the transfer agent with respect to each Acquired Fund. Price Services, 100 East Pratt Street, Baltimore, Maryland 21202, serves as the transfer agent with respect to each Acquiring Fund. Each transfer agent is responsible for the issuance, transfer and redemption of shares and the opening, maintenance and servicing of shareholder accounts for the respective Fund. If the Reorganizations are completed, it is currently anticipated that Price Services will continue to serve as the transfer agent of the Combined Funds.
Capital Stock
Each Acquired Fund is authorized to issue an unlimited number of full and fractional shares of beneficial interest. The Price Equity Index 500 Fund and Price Extended Equity Market Index Fund are authorized to issue shares according to the following: an aggregate of one billion (1,000,000,000) shares, par value $0.01 per share, divided and classified into the following series: (i) Price Equity Index 500 Fund, (ii) Price Extended Equity Market Fund, and (iii) T. Rowe Price Total Equity Market Index Fund. Each such series shall consist of the lesser of (x) 1,000,000,000 shares or (y) the number of shares that could be issued by issuing all of the shares of any series currently or hereafter classified less the total number of shares then issued and outstanding in all of such series. The Price International Equity Index Fund and the Price Bond Index Fund are each authorized to issue up to one billion (1,000,000,000) shares, par value $0.0001 per share. See “Shareholder Information” in the Acquired Funds Statement and “Capital Stock (Maryland Corporations)” in the Acquiring Funds Statement for further discussion of the rights and preferences attributable to shares of each Acquired Fund and each Acquiring Fund, respectively.
Shareholder Inquiries
Shareholder inquiries with respect to the Acquired Funds may be addressed to TD Waterhouse Investor Services, Inc., Mutual Fund Services, P.O. Box 2630, Jersey City, New Jersey 07308-2630, or by calling toll free 1-800-934-4448. Shareholder inquiries with respect to the Acquiring Funds may be addressed to T. Rowe Price Associates, Inc., 100 East Pratt Street, Baltimore, Maryland 21202 or by calling toll free 1-800-638-5660.
43
PROPOSAL NO. 2: APPROVAL OF A CHANGE IN THE FUNDAMENTAL INVESTMENT OBJECTIVE OF THE TDW DOW 30 FUND
The TDW Dow 30 Fund’s investment objective is “fundamental,” meaning that as a matter of law it cannot be changed without shareholder approval. Shareholders of the TDW Dow 30 Fund are being asked to approve a change in their Fund’s investment objective. This proposal must be approved by a Majority Shareholder Vote of TDW Dow 30 Fund shareholders. This proposal is being submitted to facilitate the realignment of the TDW Dow 30 Fund’s portfolio to effectuate its reorganization with the Price Equity Index 500 Fund. Approval of this proposal is specifically contingent on the approval of Proposal 1(b) regarding the Reorganization of the TDW Dow 30 Fund. Therefore, if Proposal 1(b) is not approved by TDW Dow 30 Fund shareholders then Proposal 2 will not take effect even if it is approved by TDW Dow 30 Fund shareholders. For more information on the proposed Reorganization see “Proposal No. 1: Approval of the Plans.”
Comparison of Current and Amended Investment Objectives
The current investment objective of the TDW Dow 30 Fund is to seek to track closely the total return of the DJIASM, before fund expenses. If approved by shareholders, the new investment objective of the TDW Dow 30 Fund would be to seek to match the performance of the S&P 500® Index. The new investment objective is the same as the investment objective of the Price Equity Index 500 Fund with which the TDW Dow 30 Fund is proposed to reorganize.
Although the current and proposed investment objectives are different, each seeks to track a benchmark index that consists of large-capitalization companies. All of the securities included in the DJIASM are also included in the S&P 500® Index. The DJIASM currently consists of 30 of the most widely held and actively traded stocks in the U.S. stock market. The stocks in the DJIASM represent large-capitalization companies that typically are dominant firms in their respective industries. The DJIASM is price-weighted, which means that, essentially, it includes one share of each of its component stocks. The S&P 500® Index is a market-weighted index composed of 500 common stocks issued by large-capitalization companies representing the top industries in the U.S. The stocks included in the S&P 500® Index collectively represent a substantial portion of all common stocks publicly traded in the U.S.
TDW Board Considerations in Approving Change in Investment Objective
The TDW Board considered the similarities and differences between the current and revised investment objectives, as set out above, and determined that, on balance, it would be in the best interests of TDW Dow 30 Fund shareholders to reorganize with another large capitalization equity index fund, albeit one with a broader benchmark index. As a condition the Reorganization, however, the change in the TDW Dow 30 Fund’s investment objective would need to be approved. Therefore, the TDW Board has approved, and recommends that TDW Dow 30 Fund shareholders approve, the change in the fundamental investment objective of the TDW Dow 30 Fund.
The TDW Board, including the TDW Independent Trustees, unanimously recommends that you vote FOR Proposal 2.
44
GENERAL
INFORMATION CONCERNING THE MEETING
Date, Time and Place of Meeting
The Meeting will be held on June 7, 2005 at the offices of TD Waterhouse Trust, 100 Wall Street, 25th Floor, New York, New York 10005, at 10:00 a.m., Eastern Time.
Solicitation, Revocation and Use of Proxies
A shareholder executing and returning a proxy has the power to revoke it at any time prior to its exercise by executing a superseding proxy (i.e., later-dated and signed), by submitting a notice of revocation to the Secretary of TDW Funds or by subsequently registering his or her vote by telephone or via the Internet. In addition, although mere attendance at the Meeting will not revoke a proxy, a shareholder present at the Meeting may withdraw his or her proxy and vote in person.
All shares represented by properly executed proxies received at or prior to the Meeting, unless such proxies previously have been revoked, will be voted at the Meeting in accordance with the directions on the proxies; if no direction is indicated on a properly executed proxy, such shares will be voted “FOR” approval of the Plan and the change in the fundamental investment objective of the TDW Dow 30 Fund.
It is not anticipated that any matters other than the approval of the Plan and the change in the fundamental investment objective of the TDW Dow 30 Fund will be brought before the Meeting. If, however, any other business properly is brought before the Meeting, proxies will be voted in accordance with the judgment of the persons designated on such proxies.
Record Date and Outstanding Shares
Only holders of record of shares of the Acquired Funds at the close of business on April 15, 2005 (the “Record Date”) are entitled to vote at the Meeting or any adjournment thereof. The following chart sets forth the shares of each class of the Acquired Funds issued and outstanding and entitled to vote at the close of business on the Record Date.
[Insert Table]
Security Ownership of Certain Beneficial Owners and Management of the Funds
To the knowledge of each Fund, as of February 28, 2005, the following shareholders, if any, owned beneficially or of record more than 5% of the outstanding voting securities of such Fund:
Name of Fund | Name and Address of Shareholder | Percentage of Shares wned | Percentage of Class ofShares of Combined Fund After the Reorganization on a Pro Forma Basis* | ||||
---|---|---|---|---|---|---|---|
Price Equity Index 500 Fund | T. Rowe Price Retirement Portfolio Attn: Fund Accounting Dept 100 East Pratt Street Baltimore, MD 21202 | 8.76 | % | 8.21 | % | ||
T. Rowe Price Trust Co., Inc. Attn: RPS Control Dept 10090 Red Run Blvd Owings Mills, MD 21117 | 29.43 | % | 27.60 | % |
45
Name of Fund | Name and Address of Shareholder | Percentage of Shares wned | Percentage of Class ofShares of Combined Fund After the Reorganization on a Pro Forma Basis* | ||||
---|---|---|---|---|---|---|---|
Price Extended Equity Market Index Fund | T. Rowe Price Trust Co., Inc. Attn: TRPS Inst Control Dept. P.O. Box 17215 Baltimore, MD 21297 | 22.87 | % | 17.16 | % | ||
Price Bond Index Fund | T. Rowe Price RPS Inc. Omnibus Plan # New Business-Conv Assts #134 UBX P.O. Box 17215 Baltimore, MD 21297 | 39.82 | % | 35.32 | % | ||
TRP Finance Inc. 802 West Street, Suite 301 Wilmington, DE 19801 | 6.01 | % | 5.33 | % | |||
Alaska College Savings Trust Account Portfolio c/o T. Rowe Price Associates Attn: Kimberly Vanscoy, Fixed Income 100 East Pratt Street, Floor 7 Baltimore, MD 21202 | 7.85 | % | 6.96 | % | |||
Price International Equity Index Fund | T. Rowe Price RPS Inc. Omnibus Plan # New Business-Conv Assts #135 IXF P.O. Box 17215 Baltimore, MD 21297 | 9.24 | % | 6.65 | % |
——————— |
*Assuming that the value of the shareholder’s interest in the Fund on the date of the consummation of the applicable Reorganization was the same as on February 28, 2005. |
At April 30, 2005, the Trustees and officers of the TDW Funds as a group (10 persons) owned an aggregate of less than 1% of the outstanding shares of each Acquired Fund and owned an aggregate of less than 1% of the outstanding shares of TD Waterhouse Trust.
At March 22, 2005, the Directors and Executive Officers of the Price Funds as a group (12 persons) owned an aggregate of less than 1% of the outstanding shares of each Acquiring Fund.
Voting Rights and Required Vote
Each share of an Acquired Fund is entitled to one vote, with fractional shares voting proportionally. Shareholders of each Acquired Fund vote separately on whether to approve the Plan. Approval of the Plan with respect to one Acquired Fund is not dependent on approval of the Plan with respect to any other Acquired Fund. Approval of a Plan by an Acquired Fund requires a Majority Shareholder Vote. Approval of Proposal 2 with respect to the TDW Dow 30 Fund also requires a Majority Shareholder Vote.
Broker-dealer firms holding shares of any of the Acquired Funds in “street name” for the benefit of their customers and clients will request the instructions of such customers and clients on how to vote their shares before the Meeting. Broker-dealer firms will not be permitted to grant voting authority without instructions with respect to the approval of the Plans or Proposal 2. Properly executed proxies that are returned but that are marked “abstain” or with respect to which a broker-dealer has declined to vote on any proposal (“broker non-votes”) will be counted as present for the purposes of determining presence at the Meeting. Assuming the presence required by a Majority Shareholder Vote, abstentions and broker non-votes (if applicable) will have the same effect as a vote against approval of the applicable Plan or Proposal 2.
46
If, by the time scheduled for the Meeting, sufficient votes in favor of approval of a Plan or Proposal 2 are not received from the shareholders of the applicable Acquired Fund, the persons named as proxies may propose one or more adjournments of such Meeting to permit further solicitation of proxies from shareholders. An affirmative vote of a majority of the shares of the applicable Acquired Fund present in person or by proxy and entitled to vote at the Meeting will suffice for any such adjournment. The persons named as proxies will vote in favor of any such adjournment if they determine that adjournment and additional solicitation are reasonable and in the interests of the shareholders of such Acquired Fund.
The votes of shareholders of the Acquiring Funds are not being solicited by this Proxy Statement and Prospectus and are not required to carry out the respective Reorganizations.
ADDITIONAL INFORMATION
The expenses of preparation, printing and mailing of the enclosed form of proxy, the accompanying Notice and this Proxy Statement and Prospectus (“proxy expenses”) will be borne by TDWAM or an affiliate thereof. The proxy expenses are currently estimated to be approximately $ in the aggregate.
TDWAM or an affiliate thereof will reimburse banks, brokers and others for their reasonable expenses in forwarding proxy solicitation materials to beneficial owners of the Acquired Funds and will reimburse certain officers or employees that it may employ for their reasonable expenses in assisting in the solicitation of proxies from such beneficial owners.
In order to obtain the necessary quorums at the Meetings, supplementary solicitation may be made by mail, telephone, telegraph or personal interview by officers of the Acquired Funds. TD Waterhouse Trust has retained ComputerShare Fund Services to aid in the solicitation of proxies at a cost estimated not to exceed $60,000, plus out-of-pocket expenses. The cost of soliciting proxies will be borne by TDWAM or an affiliate thereof.
This Proxy Statement and Prospectus does not contain all of the information set forth in the registration statements and the exhibits relating thereto which TDW Funds and Price Funds have filed on their behalf with the Commission under the Securities Act and the Investment Company Act, to which reference is hereby made.
The Funds are subject to the informational requirements of the Securities Exchange Act of 1934, as amended, and the Investment Company Act, and in accordance therewith file reports and other information with the Commission. Proxy material, reports and other information filed by the Funds (or by TD Waterhouse Trust on behalf of the Acquired Funds or the applicable Price Corporation on behalf of the Acquiring Funds) can be inspected and copied at the public reference facilities maintained by the Commission at 450 Fifth Street, N.W., Washington, D.C. 20549. Copies of such materials also can be obtained by mail from the Public Reference Branch, Office of Consumer Affairs and Information Services, Securities and Exchange Commission, Washington, D.C. 20549, at prescribed rates. The Commission maintains a web site (http://www.sec.gov) that contains the Statements of Additional Information and Prospectuses of the Acquired Funds and Acquiring Funds, as well as other material incorporated by reference and other information regarding the Funds.
LEGAL PROCEEDINGS
There are no material legal proceedings to which any of the Funds is a party.
LEGAL OPINIONS
Certain legal matters in connection with the issuance of Corresponding Shares have been passed upon for the Acquiring Funds by Henry H. Hopkins, Esq.. Certain tax matters in connection with the Reorganizations will be passed upon for the Funds by Shearman & Sterling LLP, 599 Lexington Avenue, New York, New York 10022, counsel for the Acquired Funds.
47
EXPERTS
The financial highlights of the Acquired Funds and Acquiring Funds incorporated by reference into this Proxy Statement and Prospectus have been so included in reliance on the reports of Ernst & Young LLP and PricewaterhouseCoopers LLP, respectively, independent registered public accounting firms, given on their authority as experts in auditing and accounting. The principal business address of Ernst & Young LLP is 5 Times Square, New York, New York 10036. The principal business address of PricewaterhouseCoopers LLP is 250 West Pratt Street, 21st Floor, Baltimore, Maryland 21201.
SHAREHOLDER PROPOSALS
A shareholder proposal intended to be presented at any subsequent meeting of shareholders of an Acquired Fund must be received by such Acquired Fund in a reasonable time before the solicitation by the Board of Trustees of TD Waterhouse Trust relating to such meeting is to be made in order to be considered in such Acquired Fund’s proxy statement and form of proxy relating to the meeting. If proposals Nos. 1(a)-(f) and 2 are approved at the Meeting, there will likely not be any future shareholder meetings of the Acquired Funds.
By Order of the Board of Trustees of TD Waterhouse Trust, | |
Marc Schuman | |
Secretary, TD Waterhouse Trust | |
48
EXHIBIT I
AGREEMENT AND PLAN OF REORGANIZATION
DATED AS OF [ ]
I-i
TABLE OF CONTENTS | ||
Page No. | ||
1. Defined Terms; Sections and Exhibits; Miscellaneous Terms | I-2 | |
a. Definitions | I-2 | |
b. Use of Defined Terms | I-6 | |
c. Sections and Exhibits | I-6 | |
d. Miscellaneous Terms | I-6 | |
2. The Reorganization(s) | I-6 | |
a. Transfer of Assets | I-6 | |
b. Issuance and Valuation of Shares in the Reorganization | I-6 | |
c. Distribution of Shares to the Acquired Fund Shareholders | I-6 | |
d. Interest; Proceeds | I-7 | |
e. Valuation Time | I-7 | |
f. Evidence of Transfer | I-7 | |
g. Termination | I-7 | |
h. Separate Agreements; Reorganizations Not Conditioned on One Another | I-7 | |
3. Representations and Warranties of the Acquired Fund | I-8 | |
a. Formation and Qualification | I-8 | |
b. Licenses | I-8 | |
c. Authority | I-8 | |
d. Audited Financial Statements | I-8 | |
e. Unaudited Financial Statements | I-8 | |
f. Prospectus and Statement of Additional Information | I-9 | |
g. Litigation | I-9 | |
h. Material Contracts | I-9 | |
i. No Conflict | I-9 | |
j. Undisclosed Liabilities | I-9 | |
k. Taxes | I-9 | |
l. Assets | I-10 | |
m. Consents | I-10 | |
n. N-14 Registration Statement | I-10 | |
o. Capitalization | I-10 | |
p. Books and Records | I-10 | |
4. Representations and Warranties of the Acquiring Fund | I-10 | |
a. Formation and Qualification | I-10 | |
b. Licenses | I-11 | |
c. Authority | I-11 | |
d. Audited Financial Statements | I-11 | |
e. Unaudited Financial Statements | I-11 | |
f. Prospectus and Statement of Additional Information | I-12 | |
g. Litigation | I-12 | |
h. Material Contracts | I-12 | |
i. No Conflict | I-12 | |
j. Undisclosed Liabilities | I-12 | |
k. Taxes | I-12 | |
l. Consents | I-12 | |
m. N-14 Registration Statement | I-13 | |
n. Capitalization | I-13 | |
o. Shares | I-13 | |
5. Covenants of the Acquired Fund and the Acquiring Fund | I-13 | |
a. Special Shareholders’; Meeting | I-13 | |
b. Unaudited Financial Statements | I-13 | |
c. Share Ledger Records of the Acquiring Fund | I-14 | |
d. Conduct of Business | I-14 | |
I-ii
e. Termination of the Acquired Fund | I-14 | |
f. Filing of N-14 Registration Statement | I-14 | |
g. Shares | I-15 | |
h. Tax Returns | I-15 | |
i. Combined Proxy Statement and Prospectus Mailing | I-15 | |
j. Confirmation of Tax Basis | I-15 | |
k. Shareholder List | I-15 | |
l. Redemption Fees | I-15 | |
6. Closing Date | I-16 | |
7. Conditions of the Acquired Fund | I-16 | |
a. Representations and Warranties | I-16 | |
b. Performance | I-16 | |
c. Shareholder Approval | I-16 | |
d. Approval of Board of Directors | I-16 | |
e. Deliveries by the Acquiring Fund | I-16 | |
f. No Material Adverse Change | I-17 | |
g. Absence of Litigation | I-17 | |
h. Proceedings and Documents | I-17 | |
i. N-14 Registration Statement | I-17 | |
j. Compliance with Laws; No Adverse Action or Decision | I-18 | |
8. Conditions of the Acquiring Fund | I-18 | |
a. Representations and Warranties | I-18 | |
b. Performance | I-18 | |
c. Shareholder Approval | I-18 | |
d. Approval of Board of Trustees | I-18 | |
e. Deliveries by the Acquired Fund | I-18 | |
f. No Material Adverse Change | I-19 | |
g. Absence of Litigation | I-19 | |
h. Proceedings and Documents | I-19 | |
i. N-14 Registration Statement | I-19 | |
j. Compliance with Laws; No Adverse Action or Decision | I-19 | |
k. Dividends | I-19 | |
9. Termination, Postponement and Waivers | I-20 | |
a. Termination of Agreement | I-20 | |
b. Commission Order | I-20 | |
c. Effect of Termination | I-20 | |
d. Waivers; Non-Material Changes | I-20 | |
10. Survival of Representations and Warranties | I-21 | |
11. Other Matters | I-21 | |
a. Obligations | I-21 | |
b. Further Assurances | I-21 | |
c. Notices | I-21 | |
d. Entire Agreement | I-21 | |
e. Amendment | I-22 | |
f. Governing Law | I-22 | |
g. Assignment | I-22 | |
h. Costs of the Reorganization | I-22 | |
i. Severability | I-22 | |
j. Headings | I-22 | |
k. Counterparts | I-22 | |
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AGREEMENT AND PLANS OF REORGANIZATION
THIS AGREEMENT AND PLANS OF REORGANIZATION (this “Agreement”) is made as of the day of 2005, by and between TD WATERHOUSE TRUST, a Delaware statutory trust, on behalf of each Acquired Fund (as defined herein), each a separate series and investment portfolio of TD Waterhouse Trust, and (i) T. ROWE PRICE INDEX TRUST, INC., a Maryland corporation, on behalf of T. Rowe Price Equity Index 500 Fund and T. Rowe Price Extended Equity Market Index Fund, (ii) T. ROWE PRICE INTERNATIONAL INDEX FUND, INC., a Maryland corporation, on behalf of T. Rowe Price International Equity Index Fund, and (iii) T. ROWE PRICE U.S. BOND INDEX FUND, INC., a Maryland corporation, (together with T. Rowe Price Index Trust, Inc. and T. Rowe Price International Index Fund, Inc., the “Price Corporations” and each, a “Price Corporation”) on behalf of T. Rowe Price U.S. Bond Index Fund.
PLANS OF REORGANIZATION
WHEREAS, this Agreement constitutes a separate agreement and plan of reorganization between TD Waterhouse Trust on behalf of each of its separate series and investment portfolios referenced below (each an “Acquired Fund,” and collectively, the “Acquired Funds”) and the respective Price Corporations on behalf of their respective separate investment portfolios (each an “Acquiring Fund” and collectively, the “Acquiring Funds”) as set forth below:
Acquired Fund: | Acquiring Fund: | ||
---|---|---|---|
TD Waterhouse Bond Index Fund (the “TDW Bond Index Fund”) | T. Rowe Price U.S. Bond Index Fund (the “Price Bond Index Fund”) | ||
TD Waterhouse Dow 30 Fund (the “TDW Dow 30 Fund”) | T. Rowe Price Equity Index 500 Fund (the “Price Equity Index 500 Fund”) | ||
TD Waterhouse 500 Index Fund Fund (the “TDW 500 Index Fund”) | Price Equity Index 500 Fund | ||
TD Waterhouse Extended Market Index Fund (the “TDW Extended Market Index Fund”) | T. Rowe Price Extended Equity Market Index Fund (the “Price Extended Equity Market Index Fund”) | ||
TD Waterhouse Asian Pacific Index Fund (the “TDW Asian Pacific Index Fund”) | T. Rowe Price International Equity Index Fund (the “Price International Equity Index Fund”) | ||
TD Waterhouse European Index Fund (the “TDW European Index Fund”) | Price International Equity Index Fund |
WHEREAS, each Acquired Fund owns securities that generally are assets of the character in which the respective Acquiring Fund is permitted to invest;
WHEREAS, each reorganization will consist of (i) the acquisition of an Acquired Fund’s Assets (as defined herein), by the respective Acquiring Fund solely in exchange for an aggregate value of newly issued shares of common stock, par value $.0001 (in the case of the Price International Equity Index Fund and Price Bond Index Fund) or $.01 (in the case of the Price Equity Index 500 Fund and Price Extended Equity Market Index Fund) per share, of such Acquiring Fund (the “Shares”), equal to the net asset value of such Acquired Fund’s Assets determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by that Acquired Fund of the Shares to its shareholders in liquidation of the Acquired Fund, all upon and subject to the terms hereinafter set forth (each a “Reorganization” and collectively the “Reorganizations”);
WHEREAS, the aggregate net asset value of the Shares to be received by each shareholder of an Acquired Fund will equal the aggregate net asset value of the respective Acquired Fund shares owned by such shareholder as of the Valuation Time (as defined herein);
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WHEREAS, it is intended that each Reorganization described herein shall be a reorganization within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and any successor provision and the parties intend, by executing this Agreement, to adopt a plan of reorganization within the meaning of Section 368(a) of the Code; and
WHEREAS, the consummation of one Reorganization is not conditioned upon the consummation of any other Reorganization.
AGREEMENT
NOW, THEREFORE, in order to consummate each Reorganization and in consideration of the premises and the covenants and agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, each Acquired Fund and Acquiring Fund hereby agree as follows:
1. Defined Terms; Sections and Exhibits; Miscellaneous Terms
a. Definitions | |
As used herein the following terms have the following respective meanings: | |
“Acquired Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” For purposes of this Agreement, the term “Acquired Fund” shall refer to the TDW Bond Index Fund in respect of the Bond Index Funds Reorganization, the TDW Dow 30 Fund in respect of the Dow/Equity 500 Index Funds Reorganization, the TDW 500 Index Fund in respect of the Equity 500 Index Funds Reorganization, the TDW Extended Market Index Fund in respect of the Extended Index Funds Reorganization, the TDW Asian Pacific Index Fund in respect of the Asian/International Index Funds Reorganization and TDW European Index Fund in respect of the European/ International Index Funds Reorganization. | |
“Acquired Funds Prospectus” shall mean the prospectus relating to the Acquired Funds dated May 28, 2004, as amended or supplemented. | |
“Acquired Funds Statement of Additional Information” shall mean the statement of additional information relating to the Acquired Funds, dated May 28, 2004, as amended or supplemented. | |
“Acquiring Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” For purposes of this Agreement, the term “Acquiring Fund” shall refer to the Price Bond Index Fund in respect of the Bond Index Funds Reorganization, the Price Equity Index 500 Fund in respect of each of the Dow/Equity 500 Index Funds, Reorganization and the Equity 500 Index Funds Reorganization, the Price Extended Equity Market Index Fund in respect of the Extended Index Funds Reorganization, and the Price International Equity Index Fund in respect of each of the Asian/ International Index Funds Reorganization and the European/ International Index Funds Reorganization. | |
“Acquiring Funds Prospectus” shall mean the prospectus relating to the Acquiring Funds, dated March 1, 2005 in the case of the Price Bond Index Fund and Price International Equity Index Fund, and May 1, 2004 in the case of the Price Equity Index 500 Fund and Price Extended Equity Market Index Fund, in each case as amended or supplemented. | |
“Acquiring Funds Statements of Additional Information” shall mean the statement of additional information relating to the Acquiring Funds, dated March 1, 2005, as amended or supplemented. | |
“Agreement” has the meaning ascribed thereto in the introduction hereof. |
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“Asian/International Index Funds Reorganization” consists of (i) the acquisition of the TDW Asian Pacific Index Fund’s Assets by the Price International Equity Index Fund solely in exchange for an aggregate value of Shares of the Price International Equity Index Fund, equal to the net asset value of the TDW Asian Pacific Index Fund’s Assets, determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW Asian Pacific Index Fund, of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW Asian Pacific Index Fund, in liquidation of the TDW Asian Pacific Index Fund. | |
“Assets” has the meaning ascribed thereto in Section 2(a) hereof. For purposes of this Agreement, the term “Assets” shall refer to Assets of (i) the TDW Bond Index Fund in the case of the Bond Index Funds Reorganization, (ii) the TDW Dow 30 Fund in the case of the Dow/Equity 500 Index Funds Reorganization, (iii) the TDW 500 Index Fund in the case of the Equity 500 Index Funds Reorganization, (iv) the TDW Extended Market Index Fund in the case of the Extended Index Funds Reorganization, (v) the TDW Asian Pacific Index Fund in the case of the Asian/International Index Funds Reorganization and (vi) the TDW European Index Fund in the case of the European/International Index Funds Reorganization. | |
“Bond Index Funds Reorganization” consists of (i) the acquisition of the TDW Bond Index Fund’s Assets by the Price Bond Index Fund solely in exchange for an aggregate value of Shares of the Price Bond Index Fund, equal to the net asset value of the TDW Bond Index Fund’s Assets determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW Bond Index Fund of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW Bond Index Fund in liquidation of the TDW Bond Index Fund. | |
“Closing Date” has the meaning ascribed thereto in Section 6 hereof. | |
“Code” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“Commission” shall mean the Securities and Exchange Commission. | |
“Dow/Equity Index 500 Funds Reorganization” consists of (i) the acquisition of the TDW Dow 30 Fund’s Assets by the Price Equity Index 500 Fund solely in exchange for an aggregate value of Shares of the Price Equity Index 500 Fund, equal to the net asset value of the TDW Dow 30 Fund’s Assets, determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW Dow 30 Fund of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW Dow 30 Fund, in liquidation of the TDW Dow 30 Fund. | |
“Equity Index 500 Funds Reorganization” consists of (i) the acquisition of the TDW 500 Index Fund’s Assets by the Price Equity Index 500 Fund solely in exchange for an aggregate value of Shares of the Price Equity Index 500 Fund, equal to the net asset value of the TDW 500 Index Fund’s Assets, determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW 500 Index Fund, of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW 500 Index Fund, in liquidation of the TDW 500 Index Fund. | |
“European/International Index Funds Reorganization” consists of (i) the acquisition of the TDW European Index Fund’s Assets by the Price International Equity Index Fund solely in exchange for an aggregate value of Shares of the Price International Equity Index Fund, equal to the net asset value of the TDW European Index Fund’s Assets, determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW European Index Fund of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW European Index Fund, in liquidation of the TDW European Index Fund. | |
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. |
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“Extended Index Funds Reorganization” consists of (i) the acquisition of the TDW Extended Market Index Fund’s Assets by the Price Extended Equity Market Index Fund solely in exchange for an aggregate value of Shares of the Price Extended Equity Market Index Fund, equal to the net asset value of the TDW Extended Market Index Fund’s Assets determined in accordance with Section 2(b) hereof, and (ii) the subsequent distribution by the TDW Extended Market Index Fund of such Shares to its shareholders in proportion to such shareholders’ interest in the TDW Extended Market Index Fund in liquidation of the TDW Extended Market Index Fund. | |
“Governmental Authority” shall mean any governmental or quasi-governmental authority, including, without limitation, any Federal, state, territorial, county, municipal or other governmental or quasi-governmental agency, board, branch, bureau, commission, court, arbitral body, department or other instrumentality or political unit or subdivision, whether domestic or foreign. | |
“Investment Company Act” shall mean the Investment Company Act of 1940, as amended. | |
“Investments” shall mean, with respect to any Person, (i) the investments of such Person shown on the schedule of its investments as of the date set forth therein, with such additions thereto and deletions therefrom as may have arisen in the course of such Person’s business up to such date; and (ii) all other assets owned by such Person or liabilities incurred as of such date. | |
“Licenses” has the meaning ascribed thereto in Section 3(b) hereof. | |
“Lien” shall mean any security agreement, financing statement (whether or not filed), mortgage, lien (statutory or otherwise), charge, pledge, hypothecation, conditional sales agreement, adverse claim, title retention agreement or other security interest, encumbrance, restriction, deed of trust, indenture, option, limitation, exception to or other title defect in or on any interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale, lease, consignment or bailment given for security purposes, trust receipt or other title retention agreement with respect to any property or asset of such Person, whether direct, indirect, accrued or contingent. | |
“Majority Shareholder Vote” shall mean the lesser of (i) more than 50% of the outstanding shares of the Acquired Fund or (ii) 67% or more of the shares of the Acquired Fund present at the special shareholders’ meeting referenced in Section 5(a) hereof if more than 50% of such shares are present or represented by proxy. | |
“Material Adverse Effect” shall mean, with respect to any Person, any event, circumstance or condition that, individually or when aggregated with all other similar events, circumstances or conditions could reasonably be expected to have, or has had, a material adverse effect on: (i) the business, property, operations, condition (financial or otherwise), results of operations or prospects of such Person or (ii) the ability of such Person to consummate the transactions contemplated hereunder in the manner contemplated hereby, other than, in each case, any change relating to the economy or securities markets in general. | |
“N-14 Registration Statement” has the meaning ascribed thereto in Section 3(n) hereof. | |
“Permitted Liens” shall mean, with respect to any Person, any Lien arising by reason of (i) taxes, assessments, governmental charges or claims that are either not yet delinquent, or being contested in good faith for which adequate reserves have been recorded, (ii) the Federal or state securities laws, and (iii) imperfections of title or encumbrances as do not materially detract from the value or use of the Assets or materially affect title thereto. | |
“Person” shall mean any individual, corporation, limited liability company, limited or general partnership, joint venture, association, joint stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. | |
“Price Bond Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” |
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“Price Corporation” has the meaning ascribed thereto in the preamble. | |
“Price Corporation Articles of Incorporation” shall mean the respective Articles of Incorporation of T. Rowe Price Index Trust, Inc., dated as of December 20, 1989, T. Rowe Price International Index Fund, Inc., dated as of August 10, 2000, and T. Rowe Price U.S. Bond Index Fund, Inc., dated as of July 14, 2004, as amended or supplemented from time to time. | |
“Price Equity Index 500 Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“Price Extended Equity Market Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“Price International Equity Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“Reorganization” has the meaning ascribed thereto in the second paragraph under the heading “Plans of Reorganization” hereof. For purposes of this Agreement, the term “Reorganization” shall refer to the Asian/International Index Funds Reorganization, the Bond Index Funds Reorganization, the Dow/Equity Index 500 Funds Reorganization, the Equity 500 Index Funds Reorganization, the European/International Index Funds Reorganization, or the Extended Index Funds Reorganization, as the context requires. | |
“RICs” has the meaning ascribed thereto in Section 3(b) hereof. | |
“S&S” shall mean Shearman & Sterling LLP, counsel to TD Waterhouse Trust and the Acquired Funds. | |
“Securities Act” shall mean the Securities Act of 1933, as amended. | |
“Shares” has the meaning ascribed thereto under the heading “Plans of Reorganization.” For purposes of this Agreement, the term “Shares” shall refer to the Shares of (i) the Price Bond Index Fund in the case of the Bond Index Funds Reorganization, (ii) the Price Equity Index 500 Fund in the case of both the Dow/Equity Index 500 Funds Reorganization and the Equity Index 500 Funds Reorganization, (iii) the Price Extended Equity Market Index Fund in the case of the Extended Index Funds Reorganization, and (iv) the Price International Equity Index Fund in the case of both the Asian/International Index Funds Reorganization and the European/ International Index Funds Reorganization. | |
“TDW 500 Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“TDW Asian Pacific Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“TDW Bond Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“TDW Dow 30 Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“TDW European Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” | |
“TDW Extended Market Index Fund” has the meaning ascribed thereto under the heading “Plans of Reorganization.” |
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“TD Waterhouse Trust Declaration of Trust” shall mean the Agreement and Declaration of Trust of TD Waterhouse Trust dated as of August 6, 1999, as amended or supplemented from time to time. | |
“Valuation Time” has the meaning ascribed thereto in Section 2(e) hereof. |
b. Use of Defined Terms
Any defined term used in the plural shall refer to all members of the relevant class, and any defined term used in the singular shall refer to any one or more of the members of the relevant class. The use of any gender shall be applicable to all genders.
c. Sections and Exhibits
References in this Agreement to Sections, Exhibits and Schedules are to Sections, Exhibits and Schedules of and to this Agreement. The Exhibits and Schedules to this Agreement are hereby incorporated herein by this reference as if fully set forth herein.
d. Miscellaneous Terms
The term “or” shall not be exclusive. The terms “herein,” “hereof,” “hereto,” “hereunder” and other terms similar to such terms shall refer to this Agreement as a whole and not merely to the specific article, section, paragraph or clause where such terms may appear. The term “including” shall mean “including, but not limited to.”
2. The Reorganization(s)
a. Transfer of Assets
Subject to receiving the requisite approval of the shareholders of the Acquired Fund, and to the other terms and conditions contained herein and on the basis of the representations and warranties contained herein, on the Closing Date, the Acquired Fund shall convey, transfer and deliver to the Acquiring Fund, and the Acquiring Fund shall purchase, acquire and accept from the Acquired Fund, free and clear of all Liens (other than Permitted Liens), in such form and condition as to constitute good delivery, all of the property and assets (including cash, securities, commodities, interests in futures, forwards, options and dividends, any interest accrued on debt instruments, in each case as of the Valuation Time) owned by the Acquired Fund, (as to each Acquired Fund, such assets are collectively referred to herein as the “Assets”). There shall be excluded from the Assets transferred the following items: (i) any asset that was not purchased in accordance with the Acquired Fund’s Prospectus and Acquired Fund’s Statement of Additional Information; (ii) accrued operating expenses; (iii) cash in an amount sufficient to pay all liabilities relating to Fund operating expenses; and (iv) any other Asset that in the Acquiring Fund’s sole discretion it elects not to approve for transfer, provided that such approval shall not be unreasonably withheld.
b. Issuance and Valuation of Shares in the Reorganization
Full Shares, and to the extent necessary, a fractional Share, of an aggregate net asset value equal to the net asset value of the Assets acquired by the Acquiring Fund hereunder, determined as hereinafter provided shall be issued by the Acquiring Fund to the Acquired Fund in exchange for such Assets. The net asset value of the Acquired Fund and the Acquiring Fund shall be determined in accordance with the procedures described in the Acquiring Funds Prospectus and the Acquiring Funds Statements of Additional Information as of the Valuation Time and in accordance with the Acquiring Fund’s valuation procedures. Such valuation and determination shall be made by the Acquiring Fund in cooperation with the Acquired Fund.
c. Distribution of Shares to the Acquired Fund Shareholders
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Pursuant to this Agreement, as soon as practicable after the Valuation Time, the Acquired Fund will distribute all Shares received by it from the Acquiring Fund in connection with the Reorganization to its shareholders in proportion to such shareholders’ interest in the Acquired Fund. Such distribution shall be accomplished by the opening of shareholder accounts on the share ledger records of the Acquiring Fund (or of a designated agent of the Acquiring Fund) in the amounts due the shareholders of the Acquired Fund based on their respective holdings in the Acquired Fund as of the Valuation Time. The Acquiring Fund shall have no obligation to inquire as to the validity or correctness of the holdings of shareholders in the Acquired Fund and may rely exclusively on information provided by the Acquired Fund. The stock transfer books of the Acquired Fund will be permanently closed as of the close of business on the Closing Date and only requests for the redemption of shares of the Acquired Fund received in proper form prior to the close of trading on the New York Stock Exchange on the Closing Date shall be accepted by the Acquired Fund. Redemption requests thereafter received by the Acquired Fund shall be deemed to be redemption requests for Shares of the Acquiring Fund that will have acquired substantially all of the Assets of the Acquired Fund’s portfolio to which such redemption request relates (assuming that the Reorganizations contemplated by the Agreement have been consummated) to be distributed to shareholders of the Acquired Fund under this Agreement.
d. Interest; Proceeds
The Acquired Fund will pay or cause to be paid to the Acquiring Fund any interest, dividends or proceeds it receives on or after the Closing Date with respect to its Assets.
e. Valuation Time
i. The Valuation Time shall be the close of the New York Stock Exchange (generally 4:00 P.M., New York time) on June 17, 2005, or such earlier or later day and time as may be mutually agreed upon in writing between the parties hereto (the “Valuation Time”). | |
ii. In the event that at the Valuation Time (a) the New York Stock Exchange or another primary trading market for portfolio securities of the Acquiring Fund or the Acquired Fund shall be closed to trading or trading thereon shall be restricted; or (b) trading or the reporting of trading on said Exchange or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Fund is impracticable, the Valuation Time shall be postponed until the close of the New York Stock Exchange on the first business day after the day when trading shall have been fully resumed and reporting shall have been restored; provided that the closing of a primary non-U.S. trading market on which portfolio securities of the Acquired Fund or Acquiring Fund trade at the Valuation Time shall not generally be a grounds for postponing the Valuation Time. |
f. Evidence of Transfer
The Acquiring Fund and the Acquired Fund will jointly file any instrument as may be required by the State of Maryland and/or Delaware to effect the transfer of the Assets to the Acquiring Fund.
g. Termination
The Acquired Fund’s existence as a separate investment portfolio of TD Waterhouse Trust will be terminated as soon as practicable following the consummation of the applicable Reorganization by making any required filings with the State of Delaware, as provided in Section 5(e) hereof.
h. Separate Agreements; Reorganizations Not Conditioned on One Another
Each of the respective parties hereto hereby agrees that this Agreement shall constitute a separate agreement and plan of reorganization as to each of (i) the Asian/International Index Funds Reorganization, (ii) the Bond Index Funds Reorganization, (iii) the Dow/Equity Index 500 Funds Reorganization (iv) the Equity Index 500 Funds Reorganization, (v) the European/International Index Funds Reorganization, and (vi) the Extended Index Funds Reorganization. The parties further agree that the consummation of one Reorganization shall not be conditioned on the consummation of any other Reorganization.
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3. Representations and Warranties of the Acquired Fund
TD Waterhouse Trust represents and warrants on behalf of itself and the Acquired Fund to the respective Acquiring Fund as follows:
a. Formation and Qualification
The Acquired Fund is a separate investment portfolio of TD Waterhouse Trust, a statutory trust duly organized, validly existing and in good standing under the laws of the State of Delaware, and the Acquired Fund has all requisite power and authority to own all of its properties or assets and carry on its business as presently conducted. TD Waterhouse Trust is duly qualified, registered or licensed to do business and is in good standing in each jurisdiction in which the ownership of its properties or assets or the character of its present operations makes such qualification, registration or licensing necessary, except where the failure to so qualify or be in good standing would not have a Material Adverse Effect on the Acquired Fund.
b. Licenses
The Acquired Fund (or TD Waterhouse Trust on behalf of the Acquired Fund) holds all permits, consents, registrations, certificates, authorizations and other approvals (collectively, “Licenses”) required for the conduct of its business as now being conducted; all such Licenses are in full force and effect and no suspension or cancellation of any of them is pending or threatened; and none of such Licenses will be affected by the consummation of the transactions contemplated by this Agreement in a manner that would have a Material Adverse Effect on the Acquired Fund. TD Waterhouse Trust is duly registered under the Investment Company Act as an open-end management investment company (File No. 811-9519), and such registration has not been suspended, revoked or rescinded and is in full force and effect. The Acquired Fund has elected and qualified for the special tax treatment afforded regulated investment companies (“RICs”) under Sections 851-855 of the Code at all times since its inception and intends to continue to so qualify for its current taxable year.
c. Authority
TD Waterhouse Trust, on behalf of the Acquired Fund, has full power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of the Acquired Fund and no other proceedings on the part of TD Waterhouse Trust or the Acquired Fund are necessary to authorize this Agreement or the consummation of the transactions contemplated hereby, except for the approval of the Acquired Fund shareholders as provided in Section 7(c) hereof. This Agreement has been duly and validly executed by TD Waterhouse Trust, on behalf of the Acquired Fund, and, subject to receipt of the requisite shareholder approval, and assuming due authorization, execution and delivery of this Agreement by the Price Corporation on behalf of the Acquiring Fund, this Agreement constitutes a legal, valid and binding obligation of the Acquired Fund enforceable against the Acquired Fund in accordance with its terms, subject to the effects of bankruptcy, insolvency, moratorium, fraudulent conveyance and similar laws relating to or affecting creditors’ rights generally and court decisions with respect thereto and the remedy of specific performance and injunctive and other forms of equitable relief.
d. Audited Financial Statements
The Acquiring Fund has been furnished with an accurate, correct and complete statement of assets and liabilities and a schedule of Investments of the Acquired Fund, each as of January 31, 2005, said financial statements having been audited by Ernst & Young LLP, an independent registered public accounting firm. Such audited financial statements fairly present in all material respects the financial position of the Acquired Fund as of the dates and for the periods referred to therein and in conformity with U.S. generally accepted accounting principles applied on a consistent basis.
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e. Unaudited Financial Statements
Prior to the Closing Date, the Acquiring Fund will be furnished with unaudited financial statements of the Acquired Fund in accordance with Section 5(b)(i) hereof. Such unaudited financial statements will fairly present in all material respects the financial position of the Acquired Fund as of the dates and for the periods referred to therein and in conformity with generally accepted accounting principles applied on a consistent basis. In addition, the Chief Financial Officer of the Acquired Fund shall certify the accuracy of such unaudited financial statements.
f. Prospectus and Statement of Additional Information
The Acquiring Fund has been furnished with the Acquired Funds Prospectus and the Acquired Funds Statement of Additional Information, and insofar as they relate to the Acquired Fund, said Prospectus and Statement of Additional Information do not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.
g. Litigation
There are no claims, actions, suits or legal, administrative or other proceedings pending or, to the knowledge of TD Waterhouse Trust on behalf of the Acquired Fund, threatened against the Acquired Fund that could reasonably be expected to have a Material Adverse Effect on the Acquired Fund. The Acquired Fund is not charged with or, to the knowledge of TD Waterhouse Trust, threatened with any violation, or investigation of any possible violation, of any provisions of any Federal, state or local law or regulation or administrative ruling relating to any aspect of its business that could reasonably be expected to have a Material Adverse Effect on the Acquired Fund.
h. Material Contracts
There are no material contracts outstanding to which TD Waterhouse Trust on behalf of the Acquired Fund is a party that have not been disclosed in the N-14 Registration Statement, the Acquired Funds Prospectus or the Acquired Funds Statement of Additional Information.
i. No Conflict
The execution and delivery of this Agreement by TD Waterhouse Trust on behalf of the Acquired Fund and the consummation of the transactions contemplated hereby will not contravene or constitute a default under or violation of (i) the TD Waterhouse Trust Declaration of Trust or by-laws, each as amended, supplemented and in effect as of the date hereof, (ii) any agreement or contract (or require the consent of any Person under any agreement or contract that has not been obtained) to which TD Waterhouse Trust on behalf of the Acquired Fund is a party or to which its assets or properties are subject, or (iii) any judgment, injunction, order or decree, or other instrument binding upon the Acquired Fund or any of its assets or properties, except where such contravention, default or violation would not have a Material Adverse Effect on the Acquired Fund.
j. Undisclosed Liabilities
The Acquired Fund has no material liabilities, contingent or otherwise, other than those shown on its statements of assets and liabilities referred to herein, those incurred in the ordinary course of its business since January 31, 2005, and those incurred in connection with the Reorganization.
k. Taxes
The Acquired Fund has filed (or caused to be filed) all Federal, state and local tax returns which are required to be filed by it, and has paid (or caused to be paid) or has obtained extensions to pay, all taxes shown on said returns to be due and owing and all assessments received by it, up to and including the taxable year in which the Closing Date occurs. All tax liabilities of the Acquired Fund have been adequately provided for on its books, and no tax deficiency or liability of the Acquired Fund has been asserted and no question with respect thereto has been raised by the Internal Revenue Service or by any state or local tax authority for taxes in excess of those already paid, up to and including the taxable year in which the Closing Date occurs. The Acquired Fund has no non-RIC undistributed earnings and profits within the meaning of section 852(a)(2)(B) of the Code.
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l. Assets
The Acquired Fund has good and marketable title to the Assets, free and clear of all Liens, except for Permitted Liens. The Acquired Fund is the direct sole and exclusive owner of the Assets. At the Closing Date, upon consummation of the transactions contemplated hereby, the Acquiring Fund will have good and marketable title to the Assets, free and clear of all Liens, except for Permitted Liens.
m. Consents
No filing or registration with, or consent, approval, authorization or order of, any Person is required for the consummation by the Acquired Fund of the Reorganization, except for (i) such as may be required under the Securities Act, the Exchange Act, the Investment Company Act or state securities laws (which term as used herein shall include the laws of the District of Columbia and Puerto Rico), (ii) a Majority Shareholder Vote, and (iii) in the case of the Dow/Equity 500 Index Funds Reorganization, a Majority Shareholder Vote in connection with the change in the investment objective of the TDW Dow 30 Fund.
n. N-14 Registration Statement
The registration statement filed, or to be filed, by the Price Corporations on Form N-14 relating to the Shares to be issued pursuant to this Agreement, which includes the proxy statement of the Acquired Fund and the prospectus of the Acquiring Fund with respect to the transactions contemplated hereby, and any supplement or amendment thereto or to the documents therein (as amended and supplemented, the “N-14 Registration Statement”), on the effective date of the N-14 Registration Statement, at the time of the shareholders’ meeting referred to in Section 5(a) hereof and on the Closing Date, insofar as it describes the Acquired Fund with information provided by the Acquired Fund (i) complied, or will comply, as the case may be, in all material respects, with the applicable provisions of the Securities Act, the Exchange Act and the Investment Company Act and the rules and regulations promulgated thereunder, and (ii) did not, or will not, as the case may be, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
o. Capitalization
Under the TD Waterhouse Trust Declaration of Trust, the Acquired Fund is authorized to issue an unlimited number of full and fractional shares of beneficial interest, with or without par value. All issued and outstanding shares of the Acquired Fund are duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights. Except in connection with any automatic dividend reinvestment plan available to the Acquired Fund shareholders, there are no options, warrants, subscriptions, calls or other rights, agreements or commitments obligating the Acquired Fund to issue any of its shares or securities convertible into its shares.
p. Books and Records
The books and records of the Acquired Fund made available to the Acquiring Fund and/or its counsel are substantially true and correct and contain no material misstatements or omissions with respect to the operations of the Acquired Fund.
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4. Representations and Warranties of the Acquiring Fund
The Price Corporation represents and warrants on behalf of itself and the Acquiring Fund to the respective Acquired Fund as follows:
a. Formation and Qualification
The Acquiring Fund is a separate investment portfolio of the applicable Price Corporation, each a corporation duly organized, validly existing and in good standing under the laws of the State of Maryland, and the Acquiring Fund has all requisite power and authority to own all of its properties or assets and carry on its business as presently conducted. The Price Corporation is duly qualified, registered or licensed as a foreign corporation to do business and is in good standing in each jurisdiction in which the ownership of its properties or assets or the character of its present operations makes such qualification, registration or licensing necessary, except where the failure to so qualify or be in good standing would not have a Material Adverse Effect on the Acquiring Fund.
b. Licenses
The Acquiring Fund (or the Price Corporation on behalf of the Acquiring Fund) holds all Licenses required for the conduct of its business as now being conducted; all such Licenses are in full force and effect and no suspension or cancellation of any of them is pending or threatened; and none of such Licenses will be affected by the consummation of the transactions contemplated by this Agreement in a manner that would have a Material Adverse Effect on the Acquiring Fund. The Price Corporation is duly registered under the Investment Company Act as an open-end management investment company (File Nos. 811-5986, T. Rowe Price Index Trust, Inc., 811-10063, T. Rowe Price International Index Fund, Inc., and 811-10093, T. Rowe Price U.S. Bond Index Fund, Inc.), and such registration has not been revoked or rescinded and is in full force and effect. The Acquiring Fund has elected and qualified for the special tax treatment afforded to RICs under Sections 851-855 of the Code at all times since its inception and intends to continue to so qualify both until consummation of the Reorganization and thereafter.
c. Authority
The Price Corporation, on behalf of the Acquiring Fund, has full power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized by all necessary action on the part of the Acquiring Fund and no other proceedings on the part of the Acquiring Fund are necessary to authorize this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed by the Price Corporation, on behalf of the Acquiring Fund, and assuming due authorization, execution and delivery of this Agreement by TD Waterhouse Trust on behalf of the Acquired Fund, this Agreement constitutes a legal, valid and binding obligation of the Acquiring Fund enforceable against the Acquiring Fund in accordance with its terms, subject to the effects of bankruptcy, insolvency, moratorium, fraudulent conveyance and similar laws relating to or affecting creditors’ rights generally and court decisions with respect thereto and the remedy of specific performance and injunctive and other forms of equitable relief.
d. Audited Financial Statements
The Acquired Fund has been furnished with an accurate, correct and complete statement of assets and liabilities and a schedule of Investments of the Acquiring Fund, as of October 31, 2004 in the case of the Price International Equity Index Fund and the Price Bond Index Fund, and December 31, 2004 in the case of the Price Equity Index 500 Fund and the Price Extended Equity Market Index Fund, said financial statements having been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm. Such audited financial statements fairly present in all material respects the financial position of the Acquiring Fund as of the dates and for the periods referred to therein and in conformity with U.S. generally accepted accounting principles applied on a consistent basis.
e. Unaudited Financial Statements
Prior to the Closing Date, the Acquired Fund will be furnished with unaudited financial statements in accordance with Section 5(b)(ii) hereof. Such unaudited financial statements will fairly present in all material respects the financial position of the Acquiring Fund as of the dates and for the periods referred to therein and in conformity with generally accepted accounting principles applied on a consistent basis. In addition, the Treasurer of the Acquiring Fund shall certify the accuracy of such unaudited financial statements.
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f. Prospectus and Statement of Additional Information
The Acquired Fund has been furnished with the Acquiring Funds Prospectus and the Acquiring Funds Statements of Additional Information, and insofar as they relate to the Acquiring Fund, said Prospectus and Statement of Additional Information do not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.
g. Litigation
There are no claims, actions, suits or legal, administrative or other proceedings pending or, to the knowledge of the Price Corporation on behalf of the Acquiring Fund, threatened against the Acquiring Fund that could reasonably be expected to have a Material Adverse Effect on the Acquiring Fund. The Acquiring Fund is not charged with or, to the knowledge of the Price Corporation, threatened with any violation, or investigation of any possible violation, of any provisions of any Federal, state or local law or regulation or administrative ruling relating to any aspect of its business that could reasonably be expected to have a Material Adverse Effect on the Acquiring Fund.
h. Material Contracts
There are no material contracts outstanding to which the Price Corporation on behalf of the Acquiring Fund is a party that have not been disclosed in the N-14 Registration Statement, the Acquiring Funds Prospectus, or the Acquiring Funds Statement of Additional Information.
i. No Conflict
The execution and delivery of this Agreement by the Price Corporation on behalf of the Acquiring Fund and the consummation of the transactions contemplated hereby will not contravene or constitute a default under or violation of (i) the Price Corporation’s Articles of Incorporation or by-laws, each as amended, supplemented and in effect as of the date hereof, (ii) any agreement or contract (or require the consent of any Person under any agreement or contract that has not been obtained) to which the Price Corporation on behalf of the Acquiring Fund is a party or to which its assets or properties are subject, or (iii) any judgment, injunction, order or decree, or other instrument binding upon the Acquiring Fund or any of its assets or properties, except where such contravention, default or violation would not have a Material Adverse Effect on the Acquiring Fund.
j. Undisclosed Liabilities
The Acquiring Fund has no material liabilities, contingent or otherwise, other than those shown on its statements of assets and liabilities referred to herein, those incurred in the ordinary course of its business as an investment company since October 31, 2004 in the case of the Price International Index Fund or the Price Bond Index Fund, or December 31, 2004 in the case of the Price Equity Index 500 Fund or the Price Extended Equity Market Index Fund, as the case may be, and those incurred in connection with the Reorganization.
k. Taxes
The Acquiring Fund has filed (or caused to be filed), or has obtained extensions to file, all Federal, state and local tax returns which are required to be filed by it, and has paid (or caused to be paid) or has obtained extensions to pay, all taxes shown on said returns to be due and owing, and all assessments received by it, up to and including the taxable year in which the Closing Date occurs. All tax liabilities of the Acquiring Fund have been adequately provided for on its books, and no tax deficiency or liability of the Acquiring Fund has been asserted and no question with respect thereto has been raised by the Internal Revenue Service or by any state or local tax authority for taxes in excess of those already paid, up to and including the taxable year in which the Closing Date occurs.
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l. Consents
No filing or registration with, or consent, approval, authorization or order of, any Person is required for the consummation by the Acquiring Fund of the Reorganization, except for such as may be required under the Securities Act, the Exchange Act, the Investment Company Act, or state securities laws (which term as used herein shall include the laws of the District of Columbia and Puerto Rico).
m. N-14 Registration Statement
The N-14 Registration Statement, on its effective date, at the time of the shareholders’ meeting referred to in Section 5(a) hereof and on the Closing Date, insofar as it describes the Acquiring Fund with information provided by the Acquiring Fund (i) complied, or will comply, as the case may be, in all material respects, with the applicable provisions of the Securities Act, the Exchange Act and the Investment Company Act and the rules and regulations promulgated thereunder, and (ii) did not, or will not, as the case may be, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
n. Capitalization
Under the Price Corporation’s Articles of Incorporation, the Price Corporation is authorized to issue a sufficient number of full and fractional shares of common stock of the Acquiring Fund to consummate the Reorganization.
All issued and outstanding shares of the Acquiring Fund are duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights. Except in connection with any automatic dividend reinvestment plan available to the Acquiring Fund shareholders, there are no options, warrants, subscriptions, calls or other rights, agreements or commitments obligating the Acquiring Fund to issue any of its shares or securities convertible into its shares.
o. Shares
i. The Shares to be issued by the Acquiring Fund to the Acquired Fund and subsequently distributed by the Acquired Fund to its shareholders as provided in this Agreement have been duly and validly authorized and, when issued and delivered pursuant to this Agreement, will be legally and validly issued and will be fully paid and nonassessable and will have full voting rights, and no shareholder of the Acquiring Fund will have any preemptive right of subscription or purchase in respect thereof. | |
ii. At or prior to the Closing Date, the Shares to be issued by the Acquiring Fund to the Acquired Fund on the Closing Date will be duly qualified for offering to the public in all states of the United States in which the sale of shares of the Acquiring Fund presently are qualified, and there are a sufficient number of such shares registered under the Securities Act, the Investment Company Act and with each pertinent state securities commission to permit the Reorganization to be consummated. |
5. Covenants of the Acquired Fund and the Acquiring Fun
a. Special Shareholders’ Meeting
TD Waterhouse Trust on behalf of the Acquired Fund agrees to call a special meeting of its shareholders to be held as soon as practicable after the effective date of the N-14 Registration Statement for the purpose of considering the Reorganization as described in this Agreement and to take all other action necessary to obtain shareholder approval of the transactions contemplated herein. Without limiting the generality of the foregoing, at the special shareholders’ meeting for the TDW Dow 30 Fund, shareholders will be asked to vote in favor of a change in the fundamental investment objective of the TDW Dow 30 Fund so that it is consistent with the investment objective of the Price Equity Index 500 Fund.
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b. Unaudited Financial Statements
i. The Acquired Fund hereby agrees to furnish or cause its agents to furnish to the Acquiring Fund, at or prior to the Closing Date, for the purpose of determining the number of Shares to be issued by the Acquiring Fund to the Acquired Fund pursuant to Section 2(c) hereof, an accurate, correct and complete unaudited statement of assets and liabilities of the Acquired Fund with values determined in accordance with Section 2(b) hereof and an unaudited schedule of Investments of the Acquired Fund (including the respective dates and costs of acquisition thereof), each as of the Valuation Time. | |
ii. The Acquiring Fund hereby agrees to furnish or cause its agents to furnish to the Acquired Fund, at or prior to the Closing Date, for the purpose of determining the number of Shares to be issued by the Acquiring Fund to the Acquired Fund pursuant to Section 2(c) hereof, an accurate, correct and complete unaudited statement of assets and liabilities of the Acquiring Fund with values determined in accordance with Section 2(b) hereof and an unaudited schedule of Investments of the Acquiring Fund (including the respective dates and costs of acquisition thereof), each as of the Valuation Time. |
c. Share Ledger Records of the Acquiring Fund
The Acquiring Fund agrees, as soon as practicable after the Valuation Time, to open shareholder accounts on its share ledger records, or to cause its duly authorized agent to open such accounts, for the shareholders of the Acquired Fund in connection with the distribution of Shares by the Acquired Fund to such shareholders in accordance with Section 2(c) hereof.
d. Conduct of Business
i. The Acquired Fund and the Acquiring Fund each covenants and agrees to operate its respective business in the ordinary course as presently conducted between the date hereof and the Closing Date, it being understood that such ordinary course of business will include customary dividends and distributions. Nothwithstanding the foregoing, it is understood that following receipt of shareholder approval of the Reorganization and, in the case of the TDW Dow 30 Fund, of a change in fundamental investment objective, and prior to the Closing Date, the TDW Asian Pacific Index Fund and the TDW Dow 30 Fund shall each engage in such portfolio transactions as shall be necessary to align the portfolio of the Acquired Fund with that of the Acquiring Fund, provided that in no event shall the Acquired Fund sell, or be required to sell, more than 50% of its Assets as measured from March 22, 2005. The Acquired Fund has no actual knowledge of an intention by its shareholders of redeeming or otherwise disposing of any of its shares other than in the ordinary course of business. | |
ii. It is expressly understood that the Acquired Fund may hereafter sell any securities owned by it in the ordinary course of its business as a series of a diversified, open-end, management investment company. In the event that the Acquiring Fund determines, solely at its own discretion that any securities owned by the Acquired Fund substantially all of the Assets of which the Acquiring Fund agrees hereunder to acquire, are securities that the Acquiring Fund does not desire to hold, the Acquiring Fund will so instruct the Acquired Fund at least thirty (30) days prior to the Closing Date and the Acquired Fund will dispose of such securities prior to the Closing Date or advise the Acquiring Fund that it elects not to transfer such securities as otherwise provided herein; provided however that the Acquired Fund shall not be required to dispose of assets to the extent that such dispositions would, in the aggregate, cause fifty percent (50%) or more of the net asset value of the Acquired Fund on the Closing Date to consist of assets (including cash) acquired at the request of the Acquiring Fund. |
e. Termination of the Acquired Fund
TD Waterhouse Trust agrees that as soon as practicable following the consummation of the Reorganization, it will terminate the existence of the Acquired Fund in accordance with the laws of the State of Delaware and any other applicable law.
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f. Filing of N-14 Registration Statement
The Price Corporation will file or cause its agents to file the N-14 Registration Statement with the Commission and will use its best efforts to cause the N-14 Registration Statement to become effective as promptly as practicable after the filing thereof. The Acquired Fund and the Acquiring Fund agree to cooperate fully with each other, and each will furnish to the other the information relating to itself to be set forth in the N-14 Registration Statement as required by the Securities Act, the Exchange Act, the Investment Company Act, and the rules and regulations thereunder and the state securities or blue sky laws (if applicable).
g. Shares
The Acquired Fund will not sell or otherwise dispose of any of the Shares to be received by it from the Acquiring Fund in connection with the Reorganization, except in distribution to the shareholders of the Acquired Fund in accordance with the terms hereof.
h. Tax Returns
The Acquired Fund and the Acquiring Fund each agrees that by the Closing Date all of its Federal and other tax returns and reports required to be filed on or before such date shall have been filed and all taxes shown as due on said returns either shall have been paid or adequate liability reserves shall have been provided for the payment of such taxes, provided that each Acquiring Fund may file extensions of its federal income and excise tax returns. In connection with this provision, the Acquiring Fund and the Acquired Fund agree to cooperate with each other in filing any tax return, amended return or claim for refund, determining a liability for taxes or a right to a refund of taxes or participating in or conducting any audit or other proceeding in respect of taxes.
i. Combined Proxy Statement and Prospectus Mailing
The Acquired Fund agrees to mail to its shareholders of record entitled to vote at the special meeting of shareholders at which action is to be considered regarding this Agreement, in sufficient time to comply with requirements as to notice thereof, a combined Proxy Statement and Prospectus which complies in all material respects (except as to information therein relating to the Acquiring Fund) with the applicable provisions of Section 14(a) of the Exchange Act and Section 20(a) of the Investment Company Act, and the rules and regulations promulgated thereunder.
j. Confirmation of Tax Basis
The Acquired Fund will deliver to the Acquiring Fund on the Closing Date confirmations or other adequate evidence, setting forth the tax basis of each of the Assets delivered to the Acquiring Fund hereunder computed in accordance with applicable sections of the Code and with respect to securities showing a breakdown by purchase lot.
k. Shareholder List
As soon as practicable after the close of business on the Closing Date, the Acquired Fund shall deliver to the Acquiring Fund (or its duly authorized agent which may include National Investors Services Corp., in the event the Shares will be held in an omnibus account) a list of the names, addresses and TINs of all of the shareholders of record of the Acquired Fund on the Closing Date and the number of shares of the Acquired Fund owned by each such shareholder as of such date, certified to the best of its knowledge and belief by the transfer agent or by TD Waterhouse Trust on behalf of the Acquired Fund.
l. Redemption Fees
Each Acquired Fund will waive any redemption fees that would otherwise apply from and after March 22, 2005. The Price Corporation on behalf of the Acquiring Fund agrees that the Shares distributed to shareholders of the Acquired Fund in the Reorganization fall within the exception to redemption fees set forth in paragraph 13, page 21, of the March 1, 2005 prospectus of the Acquiring Funds.
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6. Closing Date
The closing of the transactions contemplated by this Agreement shall be at the offices of TD Waterhouse Asset Management, Inc., 100 Wall Street, New York, New York 10005 after the close of the New York Stock Exchange on June 17, 2005, or at such other place, time and date agreed to by the Acquired Fund and the Acquiring Fund. The date and time upon which such closing is to take place shall be referred to herein as the “Closing Date.” To the extent that any Assets, for any reason, are not transferable on the Closing Date, the Acquired Fund shall cause such Assets to be transferred to the Acquiring Fund’s custody account with State Street Bank and Trust Company or JPMorgan Chase Bank, as the case may be, at the earliest practicable date thereafter.
7. Conditions of the Acquired Fun
The obligations of the Acquired Fund hereunder shall be subject to the satisfaction, at or before the Closing Date (or such other date specified herein), of the conditions set forth below. The benefit of these conditions is for the Acquired Fund only and, other than with respect to the condition set forth in Section 7(c) hereof, may be waived, in whole or in part, by the Acquired Fund at any time in its sole discretion.
a. Representations and Warranties
The representations and warranties of the Acquiring Fund made in this Agreement shall be true and correct in all material respects when made, as of the Valuation Time and as of the Closing Date all with the same effect as if made at and as of such dates, except that any representations and warranties that relate to a particular date or period shall be true and correct in all material respects as of such date or period.
b. Performance
The Acquiring Fund shall have performed, satisfied and complied with all covenants, agreements and conditions required to be performed, satisfied or complied with by it under this Agreement at or prior to the Closing Date.
c. Shareholder Approval
This Agreement shall have been adopted, and the Reorganization shall have been approved, by the Majority Shareholder Vote. In the case of the TDW Dow 30 Fund, the change in fundamental investment objective shall have been approved by a Majority Shareholder Vote.
d. Approval of Board of Directors
This Agreement shall have been adopted and the Reorganization shall have been approved by the Board of Directors of the Price Corporation, on behalf of the Acquiring Fund.
e. Deliveries by the Acquiring Fund
At or prior to the Closing Date, the Acquiring Fund shall deliver to the Acquired Fund the following:
i. a certificate, in form and substance reasonably satisfactory to the Acquired Fund, executed by the President (or a Vice President) of the Price Corporation on behalf of the Acquiring Fund, dated as of the Closing Date, certifying that the conditions specified in Sections 7(a), (b), (d) and (f) have been fulfilled; | |
ii. the unaudited financial statements of the Acquiring Fund required by Section 5(b)(ii) hereof; |
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iii. an opinion of S&S, in form and substance reasonably satisfactory to the Acquired Fund, substantially to the effect that, for Federal income tax purposes, (i) the transfer of the Assets to the Acquiring Fund in return solely for the Shares as provided for in the Agreement will constitute a reorganization within the meaning of Section 368(a) of the Code, and assuming that such transfer, issuance and assumption qualifies as a reorganization within the meaning of Section 368(a) of the Code, the Acquired Fund and the Acquiring Fund will each be deemed to be a “party to the reorganization” within the meaning of Section 368(b) of the Code; (ii) in accordance with Sections 357 and 361 of the Code, no gain or loss will be recognized by the Acquired Fund as a result of the Asset transfer solely in return for the Shares or on the distribution (whether actual or constructive) of the Shares to the Acquired Fund shareholders as provided for in the Agreement; (iii) under Section 1032 of the Code, no gain or loss will be recognized by the Acquiring Fund upon the receipt of the Assets in return for the Shares as provided for in the Agreement; (iv) in accordance with Section 354(a)(1) of the Code, no gain or loss will be recognized by the shareholders of the Acquired Fund on the receipt (whether actual or constructive) of Shares in return for their shares of the Acquired Fund; (v) in accordance with Section 362(b) of the Code, the tax basis of the Assets in the hands of the Acquiring Fund will be the same as the tax basis of such Assets in the hands of the Acquired Fund immediately prior to the consummation of the Reorganization; (vi) in accordance with Section 358 of the Code, immediately after the Reorganization, the tax basis of the Shares received (whether actually or constructively) by the shareholders of the Acquired Fund in the Reorganization will be equal, in the aggregate, to the tax basis of the shares of the Acquired Fund surrendered in return therefor; (vii) in accordance with Section 1223 of the Code, a shareholder’s holding period for the Corresponding Shares will be determined by including the period for which such shareholder held the shares of the Acquired Fund exchanged therefor, provided, that the Acquired Fund shares were held as a capital asset at the time of the exchange; (viii) in accordance with Section 1223 of the Code, the Acquiring Fund’s holding period with respect to the Assets acquired by it will include the period for which such Assets were held by the Acquired Fund; and (ix) in accordance with Section 381(a) of the Code and regulations thereunder, the Acquiring Fund will succeed to and take into account, subject to certain limitations, certain tax attributes of the Acquired Fund, such as earnings and profits, capital loss carryovers and method of accounting; and | |
iv. a written opinion of Henry H. Hopkins, Esq., counsel to the Acquiring Fund, in form and substance, reasonably satisfactory to the Acquired Fund. |
f. No Material Adverse Change
There shall have occurred no material adverse change in the financial position of the Acquiring Fund since October 31, 2004 in the case of the Price International Equity Index Fund and the Price Bond Index Fund, or December 31, 2004 in the case of the Price Equity Index 500 Fund or the Price Extended Market Index Fund, other than changes in its portfolio securities since that date, changes in the market value of its portfolio securities or changes in connection with the payment of the Acquiring Fund’s customary operating expenses, each in the ordinary course of business.
g. Absence of Litigation
There shall not be pending before any Governmental Authority any material litigation with respect to the matters contemplated by this Agreement.
h. Proceedings and Documents
All proceedings contemplated by this Agreement, the Reorganization, and all of the other documents incident thereto, shall be reasonably satisfactory to the Acquired Fund and its counsel, and the Acquired Fund and its counsel shall have received all such counterpart originals or certified or other copies of such documents as the Acquired Fund or its counsel may reasonably request.
i. N-14 Registration Statement
The N-14 Registration Statement shall have become effective under the Securities Act, and no stop order suspending such effectiveness shall have been instituted or, to the knowledge of the Acquiring Fund or the Acquired Fund, contemplated by the Commission.
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j. Compliance with Laws; No Adverse Action or Decision
Since the date hereof, (i) no law, statute, ordinance, code, rule or regulation shall have been promulgated, enacted or entered that restrains, enjoins, prevents, materially delays, prohibits or otherwise makes illegal the performance of this Agreement, the Reorganization or the consummation of any of the transactions contemplated hereby and thereby; (ii) the Commission shall not have issued an unfavorable advisory report under Section 25(b) of the Investment Company Act, nor instituted or threatened to institute any proceeding seeking to enjoin consummation of the Reorganization under Section 25(c) of the Investment Company Act, and (iii) no other legal, administrative or other proceeding shall be instituted or threatened by any Governmental Authority which would materially affect the financial condition of the Acquiring Fund or that seeks to restrain, enjoin, prevent, materially delay, prohibit or otherwise make illegal the performance of this Agreement, the Reorganization or the consummation of any of the transactions contemplated hereby or thereby.
8. Conditions of the Acquiring Fund
The obligations of the Acquiring Fund hereunder shall be subject to the satisfaction, at or before the Closing Date (or such other date specified herein), of the conditions set forth below. The benefit of these conditions is for the Acquiring Fund only and, other than with respect to the condition set forth in Section 8(c) hereof, may be waived, in whole or in part, by the Acquiring Fund at any time in its sole discretion.
a. Representations and Warranties
The representations and warranties of the Acquired Fund made in this Agreement shall be true and correct in all material respects when made, as of the Valuation Time and as of the Closing Date all with the same effect as if made at and as of such dates, except that any representations and warranties that relate to a particular date or period shall be true and correct in all material respects as of such date or period.
b. Performance
The Acquired Fund shall have performed, satisfied and complied with all covenants, agreements and conditions required to be performed, satisfied or complied with by it under this Agreement at or prior to the Closing Date.
c. Shareholder Approval
This Agreement shall have been adopted, and the Reorganization shall have been approved, by a Majority Shareholder Vote. In the case of the TDW Dow 30 Fund, the change in fundamental investment objective shall have been approved by a Majority Shareholder Vote.
d. Approval of Board of Trustees
This Agreement shall have been adopted and the Reorganization and related matters shall have been approved by the Board of Trustees of TD Waterhouse Trust, on behalf of the Acquired Fund.
e. Deliveries by the Acquired Fund
At or prior to the Closing Date, the Acquired Fund shall deliver to the Acquiring Fund the following:
i. a certificate, in form and substance reasonably satisfactory to the Acquiring Fund, executed by the President (or a Vice President) of TD Waterhouse Trust on behalf of the Acquired Fund, dated as of the Closing Date, certifying that the conditions specified in Sections 8(a), (b), (c), (d) and (f) have been fulfilled; | |
ii. the unaudited financial statements of the Acquired Fund required by Section 5(b)(i) hereof; |
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iii. an opinion of S&S, in form and substance reasonably satisfactory to the Acquiring Fund, with respect to the matters specified in Section 7(e)(iii) hereof; and | |
iv. a written opinion of S&S, counsel to the Acquired Fund, (including opinions as to certain federal income tax matters), in form and substance, reasonably satisfactory to the Acquiring Fund; provided that any opinions as to matters of Delaware law shall be provided by Delaware counsel. |
f. No Material Adverse Change
There shall have occurred no material adverse change in the financial position of the Acquired Fund since January 31, 2005 other than changes in its portfolio securities since that date, changes in the market value of its portfolio securities or changes in connection with the payment of the Acquired Fund’s customary operating expenses, each in the ordinary course of business. The Acquired Fund reserves the right to sell any of its portfolio securities in the ordinary course of business, but will not, without the prior written consent of the Acquiring Fund, acquire any additional securities other than securities of the type in which the Acquiring Fund is permitted to invest, subject to Section 5(d) hereof.
g. Absence of Litigation
There shall not be pending before any Governmental Authority any material litigation with respect to the matters contemplated by this Agreement.
h. Proceedings and Documents
All proceedings contemplated by this Agreement, the Reorganization, and all of the other documents incident thereto, shall be reasonably satisfactory to the Acquiring Fund and its counsel, and the Acquiring Fund and its counsel shall have received all such counterpart originals or certified or other copies of such documents as the Acquiring Fund or its counsel may reasonably request.
i. N-14 Registration Statement
The N-14 Registration Statement shall have become effective under the Securities Act, and no stop order suspending such effectiveness shall have been instituted or, to the knowledge of the Acquired Fund or the Acquiring Fund, contemplated by the Commission.
j. Compliance with Laws; No Adverse Action or Decision
Since the date hereof, (i) no law, statute, ordinance, code, rule or regulation shall have been promulgated, enacted or entered that restrains, enjoins, prevents, materially delays, prohibits or otherwise makes illegal the performance of this Agreement, the Reorganization or the consummation of any of the transactions contemplated hereby and thereby; (ii) the Commission shall not have issued an unfavorable advisory report under Section 25(b) of the Investment Company Act, nor instituted or threatened to institute any proceeding seeking to enjoin consummation of the Reorganization under Section 25(c) of the Investment Company Act, and (iii) no other legal, administrative or other proceeding shall be instituted or threatened by any Governmental Authority which would materially affect the financial condition of the Acquired Fund or that seeks to restrain, enjoin, prevent, materially delay, prohibit or otherwise make illegal the performance of this Agreement, the Reorganization or the consummation of any of the transactions contemplated hereby or thereby.
k. Dividends
Prior to the Closing Date, the Acquired Fund shall have declared a dividend or dividends which, together with all such previous dividends, shall have the effect of distributing to its shareholders all of its investment company taxable income as of the Closing Date, if any (computed without regard to any deduction for dividends paid), and all of its net capital gain, if any, and all of its non-RIC earnings and profits as set forth in section 852(a)(2)(B) of the Code, if any, realized as of the Closing Date.
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9. Termination, Postponement and Waivers
a. Termination of Agreement
Notwithstanding anything contained in this Agreement to the contrary, subject to Section 10 hereof, this Agreement may be terminated and the Reorganization abandoned at any time (whether before or after approval thereof by the shareholders of the Acquired Fund) prior to the Closing Date, or the Closing Date may be postponed, by notice in writing prior to the Closing Date:
i. by the Acquired Fund or the Acquiring Fund if: | |
(1) the Board of Trustees of TD Waterhouse Trust and the Board of Directors of the Price Corporation so mutually agree in writing; or | |
(2) any Governmental Authority of competent jurisdiction shall have issued any judgment, injunction, order, ruling or decree or taken any other action restraining, enjoining or otherwise prohibiting this Agreement, the Reorganization or the consummation of any of the transactions contemplated hereby or thereby and such judgment, injunction, order, ruling, decree or other action becomes final and non-appealable; provided that the party seeking to terminate this Agreement pursuant to this Section 9(a)(i)(2) shall have used its reasonable best efforts to have such judgment, injunction, order, ruling, decree or other action lifted, vacated or denied. | |
ii. by the Acquired Fund if any condition of the Acquired Fund’s obligations set forth in Section 7 of this Agreement has not been fulfilled or waived by it; or | |
iii. by the Acquiring Fund if any condition of the Acquiring Fund’s obligations set forth in Section 8 of this Agreement has not been fulfilled or waived by it. |
b. Commission Order
If any order or orders of the Commission with respect to this Agreement, the Reorganization or any of the transactions contemplated hereby or thereby shall be issued prior to the Closing Date and shall impose any terms or conditions which are determined by action of the Board of Trustees of TD Waterhouse Trust and the Board of Directors of the Price Corporation to be acceptable, such terms and conditions shall be binding as if a part of this Agreement without further vote or approval of the shareholders of the Acquired Fund, unless such terms and conditions shall result in a change in the method of computing the number of Shares to be issued by the Acquiring Fund to the Acquired Fund in which event, unless such terms and conditions shall have been included in the proxy solicitation materials furnished to the shareholders of the Acquired Fund prior to the meeting at which the Reorganization shall have been approved, this Agreement shall not be consummated and shall terminate unless the Acquired Fund promptly shall call a special meeting of shareholders at which such conditions so imposed shall be submitted for approval and the requisite approval of such conditions shall be obtained.
c. Effect of Termination
In the event of termination of this Agreement pursuant to the provisions hereof, the same shall become null and void and have no further force or effect, and there shall not be any liability on the part of either the Acquired Fund or the Acquiring Fund, TD Waterhouse Trust or the Price Corporations, or Persons who are their directors, trustees, officers, agents or shareholders in respect of this Agreement.
d. Waivers; Non-Material Changes
At any time prior to the Closing Date, any of the terms or conditions of this Agreement may be waived by the party that is entitled to the benefit thereof if such action or waiver will not have a material adverse effect on the benefits intended under this Agreement to the shareholders of such party on behalf of which such action is taken. In addition, each party has delegated to its investment adviser the ability to make non-material changes to this Agreement if such investment adviser deems it to be in the best interests of the Acquired Fund or Acquiring Fund for which it serves as investment adviser to do so.
I-20
10. Survival of Representations and Warranties
The respective representations and warranties contained in Sections 3 and 4 hereof shall expire with, and be terminated by, the consummation of the Reorganization, and none of TD Waterhouse Trust, the Acquired Fund, the Price Corporation, the Acquiring Fund, or any of their officers, trustees, directors, agents or shareholders shall have any liability with respect to such representations or warranties after the Closing Date. This provision shall not protect any officer, trustee, director or agent of the Acquired Fund or the Acquiring Fund, or of TD Waterhouse Trust or the Price Corporations, against any liability to the entity for which such Person serves in such capacity, or to its shareholders, to which such Person would be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties in the conduct of such office.
11. Other Matters
a. Obligations
This instrument is executed on behalf of the Trustees of TD Waterhouse Trust on behalf of the Acquired Fund, as trustees and not individually, and that the obligations of or arising out of this instrument are not binding upon any of the trustees, officers, agents or shareholders of TD Waterhouse Trust individually, but are binding solely upon the assets and property of the Acquired Fund.
b. Further Assurances
Each party hereto covenants and agrees to provide the other party hereto and its agents and counsel with any and all documentation, information, assistance and cooperation that may become necessary from time to time with respect to the transactions contemplated by this Agreement.
c. Notices
Any notice, report or other communication hereunder shall be in writing and shall be given to the Person entitled thereto by hand delivery, prepaid certified mail or overnight service, addressed to the Acquired Fund or the Acquiring Fund, as applicable, at the address set forth below. If the notice is sent by certified mail, it shall be deemed to have been given to the Person entitled thereto upon receipt and if the notice is sent by overnight service, it shall be deemed to have been given to the Person entitled thereto one (1) business day after it was deposited with the courier service for delivery to that Person. Notice of any change in any address listed below also shall be given in the manner set forth above. Whenever the giving of notice is required, the giving of such notice may be waived by the party entitled to receive such notice.
If to the Acquired Fund, to: | TD Waterhouse Trust |
100 Wall Street | |
New York, NY 10005 | |
Attention: Michele R. Teichner | |
If to the Acquiring Fund, to: | T. Rowe Price Associates, Inc. |
100 East Pratt Street | |
Baltimore, MD 21202 | |
Attention: Forrest R. Foss |
d. Entire Agreement
This Agreement contains the entire agreement between the parties hereto with respect to the matters contemplated herein and supersedes all previous agreements or understandings between the parties related to such matters.
I-21
e. Amendment
Except as set forth in Section 9(d) hereof, this Agreement may be amended, modified, superseded, canceled, renewed or extended, and the terms or covenants hereof may be waived, only by a written instrument executed by the parties hereto or, in the case of a waiver, by the party waiving compliance; provided that only the consent of the parties to a specific Reorganization shall be required to amend, modify, supersede, cancel, renew, extend or waive any provisions relating solely to such Reorganization; provided further that, following the meeting of shareholders of the Acquired Fund pursuant to Section 5(a) hereof, no such amendment may have the effect of changing the provisions for determining the number of Shares to be issued to the Acquired Fund shareholders under this Agreement to the detriment of such shareholders without their further approval. Except as otherwise specifically provided in this Agreement, no waiver by either party hereto of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar provision or condition at the same or at any prior or subsequent time.
f. Governing Law
This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of New York applicable to agreements made and to be performed in said state, without giving effect to the principles of conflict of laws thereof.
g. Assignment
This Agreement shall not be assigned by any of the parties hereto, in whole or in part, whether by operation of law or otherwise, without the prior written consent of the other party hereto. Any purported assignment contrary to the terms hereof shall be null, void and of no effect. Nothing herein expressed or implied is intended or shall be construed to confer upon or give any person, firm, or corporation, other than the parties hereto and their respective successors and assigns, any rights or remedies under or by reason of this Agreement.
h. Costs of the Reorganization
All costs of the Reorganization incurred by the TD Waterhouse Trust or an Acquired Fund shall be borne by TD Waterhouse Asset Management, Inc. or an affiliate thereof (“TD Waterhouse”), regardless of whether the Reorganization is consummated. All costs of the Reorganization incurred by the Price Corporation or the Acquiring Fund shall be borne by such party unless assumed by its investment adviser or an affiliate, regardless of whether the Reorganization is consummated.
i. Severability
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms and provisions of this Agreement in any other jurisdiction.
j. Headings
Headings to sections in this Agreement are intended solely for convenience and no provision of this Agreement is to be construed by reference to the heading of any section.
k. Counterparts
This Agreement may be executed in any number of counterparts, each of which, when executed and delivered, shall be deemed to be an original but all such counterparts together shall constitute but one instrument.
I-22
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first set forth above.
ATTEST: | TD WATERHOUSE TRUST ON BEHALF OF TD WATERHOUSE BOND INDEX FUND TD WATERHOUSE DOW 30 FUND TD WATERHOUSE 500 INDEX FUND TD WATERHOUSE EXTENDED MARKET INDEX FUND TD WATERHOUSE ASIAN PACIFIC INDEX FUND TD WATERHOUSE EUROPEAN INDEX FUND | |||
By: __________________________________ | By: ______________________________________ | |||
Name: Title: | Name: Title: | |||
ATTEST: | T. ROWE PRICE INDEX TRUST, INC. ON BEHALF OF T. ROWE PRICE EQUITY INDEX 500 FUND T. ROWE PRICE EXTENDED EQUITY INDEX FUND | |||
By: ____________________________________ | By: ______________________________________ | |||
Name: Title: | Name: Title: | |||
ATTEST: | T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. ON BEHALF OF T. ROWE PRICE INTERNATIONAL EQUITY INDEX FUND | |||
By: ____________________________________ | By: ______________________________________ | |||
Name: Title: | Name: Title: | |||
�� | ||||
ATTEST: | T. ROWE PRICE U.S. BOND INDEX FUND, INC. ON BEHALF OF T. ROWE PRICE U.S. BOND INDEX FUND | |||
By: ____________________________________ | By: ______________________________________ | |||
Name: Title: | Name: Title: |
I-23
T. ROWE PRICE INDEX TRUST, INC. FORM N-14 PART B STATEMENT OF ADDITIONAL INFORMATION [ ], 2005 This Statement of Additional Information (the “SAI”) relates to the proposed reorganization (each a “Reorganization”) of each of the TD Waterhouse funds (the “TDW Funds”) referenced below, into the T. Rowe Price funds referenced below (the “Price Funds”), as set out in the following table: |
TDW Funds | Price Funds |
TD Waterhouse Bond Index Fund | T. Rowe Price U.S. Bond Index Fund |
TD Waterhouse Dow 30 Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse 500 Index Fund | T. Rowe Price Equity Index 500 Fund |
TD Waterhouse Extended Market Index Fund | T. Rowe Price Extended Equity Market Index Fund |
TD Waterhouse Asian Pacific Index Fund | T. Rowe Price International Equity Index Fund |
TD Waterhouse European Index Fund | T. Rowe Price International Equity Index Fund |
This SAI contains information which may be of interest to shareholders relating to each Reorganization, but which is not included in the Combined Proxy Statement and Prospectus dated [ ], 2005 (the “Combined Proxy Statement/Prospectus”) of the Price Funds and TDW Funds. As described in the Combined Proxy Statement/Prospectus, a Reorganization would involve the transfer of substantially all the assets of the TDW Fund in exchange for shares of the Price Fund. The TDW Fund would distribute the Price Fund shares it receives to its shareholders in complete liquidation of the TDW Fund.
This SAI is not a prospectus, and should be read in conjunction with the Combined Proxy Statement/Prospectus. This SAI and the Combined Proxy Statement/Prospectus have been filed with the Securities and Exchange Commission. Copies of the Combined Proxy Statement/Prospectus are available upon request and without charge by writing to TD Waterhouse Investor Services, Inc., Mutual Fund Services, P.O. Box 2630, Jersey City, New Jersey 07308-2630, or by calling 1-800-934-4448.
The Securities and Exchange Commission maintains a website (http://www.sec.gov) that contains the prospectuses and statements of additional information of the TDW Funds and Price Funds, other material incorporated by reference and other information regarding the TDW Funds and Price Funds.
Page B-1
TABLE OF CONTENTS
I. | Additional Information about the Price Funds and the TDW Funds | FILL IN | ||
II. | Financial Statements of the Price Funds and the TDW Funds | FILL IN | ||
III. | Pro Forma Combined Portfolio of Investments (Unaudited) | |||
a. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN | ||
b. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN | ||
c. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN | ||
IV. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) | |||
a. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN | ||
b. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN | ||
c. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN | ||
V. | Pro Forma Combined Statement of Operations (Unaudited) | |||
a. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN | ||
b. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN | ||
c. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN | ||
VI. | Notes to Pro Forma Combined Financial Statements* (Unaudited) | |||
a. | TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund | FILL IN | ||
b. | TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund | FILL IN | ||
c. | TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund | FILL IN | ||
* The accompanying notes are an integral part of the pro forma financial statements. |
Page B-2
ADDITIONAL INFORMATION ABOUT THE PRICE FUNDS AND THE TDW FUNDS
FOR THE PRICE FUNDS: Incorporates by reference the Statement of Additional Information for the Price Funds dated March 1, 2005, as supplemented, as filed with the Securities and Exchange Commission.
FOR THE TDW FUNDS: Incorporates by reference the Statement of Additional Information for the TDW Funds dated May 28, 2004, as supplemented, as filed with the Securities and Exchange Commission.
FINANCIAL STATEMENTS
This SAI incorporates by reference (i) the Annual Report of the T. Rowe Price Equity Index 500 Fund and T. Rowe Price Extended Equity Market Index Fund for the year ended December 31, 2004, (ii) the Annual Report of the T. Rowe Price International Equity Index Fund for the year ended October 31, 2004, (iii) the Annual Report of the T. Rowe Price U.S. Bond Index Fund for the year ended October 31, 2004, and (iv) the Annual Report of the TDW Funds for the year ended January 31, 2005. Each of these reports contains historical financial information regarding the Funds and has been filed with the Securities and Exchange Commission. The financial statements therein, and, in the case of the Annual Reports, the report of the independent registered public accounting firm therein, are incorporated herein by reference.
Pro forma financial statements of the TDW Funds and Price Funds are provided on the following pages.
Page B-3
TD Waterhouse Extended Market Index Fund | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
1ST SOURCE | 510 | 1,341 | 1,851 | $ | 13 | $ | 34 | $ | 47 | |||||||||
21ST CENTURY INS GROUP | 1,150 | 2,900 | 4,050 | 16 | 39 | 55 | ||||||||||||
24 / 7 REAL MEDIA | — | 2,520 | 2,520 | — | 11 | 11 | ||||||||||||
3COM | 10,880 | 15,500 | 26,380 | 45 | 65 | 110 | ||||||||||||
4 KIDS ENTERTAINMENT | 350 | 1,100 | 1,450 | 8 | 23 | 31 | ||||||||||||
7 ELEVEN | 1,150 | 4,800 | 5,950 | 28 | 115 | 143 | ||||||||||||
99 CENTS ONLY STORES | 500 | �� | 3,065 | 3,565 | 8 | 50 | 58 | |||||||||||
A C MOORE ARTS + CRAFTS | 460 | 1,000 | 1,460 | 13 | 29 | 42 | ||||||||||||
A S V | 250 | 800 | 1,050 | 12 | 38 | 50 | ||||||||||||
AAIPHARMA | 525 | — | 525 | 2 | — | 2 | ||||||||||||
AAON | 832 | 950 | 1,782 | 13 | 15 | 28 | ||||||||||||
AAR | — | 1,500 | 1,500 | — | 21 | 21 | ||||||||||||
AARON RENTS CL A | — | 1,575 | 1,575 | — | 36 | 36 | ||||||||||||
AARON RENTS CL B | 915 | 1,875 | 2,790 | 23 | 47 | 70 | ||||||||||||
ABAXIS | 400 | — | 400 | 6 | — | 6 | ||||||||||||
ABERCROMBIE AND FITCH CO CL A | 1,382 | 4,000 | 5,382 | 65 | 188 | 253 | ||||||||||||
ABGENIX | 1,070 | 4,300 | 5,370 | 11 | 44 | 55 | ||||||||||||
ABIGAIL ADAMS NATL BANCORP | — | 220 | 220 | — | 4 | 4 | ||||||||||||
ABIOMED | — | 3,400 | 3,400 | — | 53 | 53 | ||||||||||||
ABLE LABORATORIES | 400 | — | 400 | 9 | — | 9 | ||||||||||||
ABLEST | — | 1,700 | 1,700 | — | 13 | 13 | ||||||||||||
ABM INDS | 1,550 | 1,900 | 3,450 | 31 | 37 | 68 | ||||||||||||
ACADIA REALTY TRUST | 1,658 | — | 1,658 | 27 | — | 27 | ||||||||||||
ACCELRYS | 610 | 2,000 | 2,610 | 5 | 16 | 21 | ||||||||||||
ACCERIS COMMUNICATIONS | — | 900 | 900 | — | 1 | 1 | ||||||||||||
ACCLAIM ENTMT | — | 3,100 | 3,100 | — | — | — | ||||||||||||
ACCREDITED HOME LENDERS | 430 | — | 430 | 21 | — | 21 | ||||||||||||
ACCREDO HEALTH | 535 | 2,191 | 2,726 | 15 | 61 | 76 | ||||||||||||
ACE CASH EXPRESS | 300 | — | 300 | 9 | — | 9 | ||||||||||||
ACME COMMUNICATIONS | — | 1,700 | 1,700 | — | 12 | 12 | ||||||||||||
ACR GROUP | — | 1,400 | 1,400 | — | 4 | 4 | ||||||||||||
ACTEL | 350 | 1,600 | 1,950 | 6 | 28 | 34 | ||||||||||||
ACTION PERFORMANCE COS | — | 1,800 | 1,800 | — | 20 | 20 | ||||||||||||
ACTIVISION | 2,175 | 5,250 | 7,425 | 44 | 106 | 150 | ||||||||||||
ACTRADE FIN’L TECH | 350 | — | 350 | — | — | — | ||||||||||||
ACTUANT CL A | 300 | 1,210 | 1,510 | 16 | 63 | 79 | ||||||||||||
ACTUATE | 500 | 2,700 | 3,200 | 1 | 7 | 8 | ||||||||||||
ACUITY BRANDS | 750 | 1,800 | 2,550 | 24 | 57 | 81 | ||||||||||||
ACXIOM | 800 | 4,100 | 4,900 | 21 | 108 | 129 |
Page B-4
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
ADAMS RESOURCES + ENERGY | — | 2,300 | 2,300 | — | 41 | 41 | ||||||||||||
ADAPTEC | 3,250 | 4,400 | 7,650 | 25 | 33 | 58 | ||||||||||||
ADELPHIA BUSINESS SOLUTIONS | 199 | — | 199 | — | — | — | ||||||||||||
ADELPHIA MUN | 400 | — | 400 | — | — | — | ||||||||||||
ADESA | 848 | 5,000 | 5,848 | 18 | 106 | 124 | ||||||||||||
ADMINISTAFF | 450 | 1,100 | 1,550 | 6 | 14 | 20 | ||||||||||||
ADOLOR | 800 | 1,500 | 2,300 | 8 | 15 | 23 | ||||||||||||
ADTRAN | 710 | 3,200 | 3,910 | 14 | 61 | 75 | ||||||||||||
ADVANCE AUTO PARTS | 1,078 | 3,112 | 4,190 | 47 | 136 | 183 | ||||||||||||
ADVANCED DIGITAL INFORMATION | 650 | 2,900 | 3,550 | 7 | 29 | 36 | ||||||||||||
ADVANCED ENERGY INDS | 350 | 2,900 | 3,250 | 3 | 26 | 29 | ||||||||||||
ADVANCED ENVIRONMENTAL RECYCLICL A | — | 4,000 | 4,000 | — | 5 | 5 | ||||||||||||
ADVANCED MARKETING SVCS | — | 2,000 | 2,000 | — | 20 | 20 | ||||||||||||
ADVANCED MED OPTICS | 620 | 1,500 | 2,120 | 26 | 62 | 88 | ||||||||||||
ADVANCED NEUROMODULATION SYS | 300 | 950 | 1,250 | 12 | 37 | 49 | ||||||||||||
ADVANTA CL A | 450 | 1,466 | 1,916 | 10 | 33 | 43 | ||||||||||||
ADVENT SOFTWARE | 700 | 1,400 | 2,100 | 14 | 29 | 43 | ||||||||||||
ADVISORY BRD CO | 340 | 1,200 | 1,540 | 13 | 44 | 57 | ||||||||||||
ADVO | 450 | 1,550 | 2,000 | 16 | 55 | 71 | ||||||||||||
AEHR TEST SYS | — | 1,600 | 1,600 | — | 7 | 7 | ||||||||||||
AEROFLEX | 650 | 3,400 | 4,050 | 8 | 41 | 49 | ||||||||||||
AEROGEN | — | 3,900 | 3,900 | — | 8 | 8 | ||||||||||||
AEROPOSTALE | 555 | 2,550 | 3,105 | 16 | 75 | 91 | ||||||||||||
AETHER SYSTEMS | 150 | 5,700 | 5,850 | 1 | 19 | 20 | ||||||||||||
AFFILIATED MANAGERS GROUP | 375 | 1,500 | 1,875 | 25 | 102 | 127 | ||||||||||||
AFFORDABLE RESIDENTIAL | 500 | — | 500 | 7 | — | 7 | ||||||||||||
AFFYMETRIX OC CAP STK | 780 | 2,660 | 3,440 | 29 | 97 | 126 | ||||||||||||
AFTERMARKET TECHNOLOGY | 500 | 1,800 | 2,300 | 8 | 29 | 37 | ||||||||||||
AGCO | 1,450 | 3,600 | 5,050 | 32 | 79 | 111 | ||||||||||||
AGERE SYS CL A | 15,370 | 67,700 | 83,070 | 21 | 93 | 114 | ||||||||||||
AGILE SOFTWARE | 900 | 2,100 | 3,000 | 7 | 17 | 24 | ||||||||||||
AGILYSYS | 2,052 | 2,100 | 4,152 | 35 | 36 | 71 | ||||||||||||
AGL RES | 1,550 | 2,900 | 4,450 | 52 | 96 | 148 | ||||||||||||
AGREE RLTY | — | 800 | 800 | — | 25 | 25 | ||||||||||||
AIRGAS | 1,350 | 3,300 | 4,650 | 36 | 87 | 123 | ||||||||||||
AIRTRAN HOLDINGS | 630 | 4,000 | 4,630 | 7 | 43 | 50 | ||||||||||||
AK STL HLDG | 2,240 | 5,844 | 8,084 | 32 | 85 | 117 | ||||||||||||
AKAMAI TECHNOLOGIES | 1,800 | 5,878 | 7,678 | 23 | 77 | 100 | ||||||||||||
ALABAMA NATL BANCORPORATION | 200 | 700 | 900 | 13 | 45 | 58 | ||||||||||||
ALAMOSA HOLDINGS | 2,300 | 5,300 | 7,600 | 29 | 66 | 95 | ||||||||||||
ALASKA AIR GROUP | 350 | 1,200 | 1,550 | 12 | 40 | 52 | ||||||||||||
ALASKA COMMUNICATIONS SYS | 1,100 | 2,700 | 3,800 | 9 | 23 | 32 |
Page B-5
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
ALBANY INTL CLASS A | 340 | 1,710 | 2,050 | 12 | 60 | 72 | ||||||||||||
ALBANY MOLECULAR RESH | 810 | 2,300 | 3,110 | 9 | 26 | 35 | ||||||||||||
ALBEMARLE | 700 | 1,800 | 2,500 | 27 | 70 | 97 | ||||||||||||
ALDERWOODS GROUP | 600 | — | 600 | 7 | — | 7 | ||||||||||||
ALEXANDER + BALDWIN | 450 | 2,000 | 2,450 | 19 | 85 | 104 | ||||||||||||
ALEXANDERS | 90 | 250 | 340 | 19 | 54 | 73 | ||||||||||||
ALEXANDRIA REAL ESTATE EQUIT | 220 | 800 | 1,020 | 16 | 60 | 76 | ||||||||||||
ALEXION PHARMACEUTICALS | 550 | 1,200 | 1,750 | 14 | 30 | 44 | ||||||||||||
ALFA | 1,270 | 3,700 | 4,970 | 20 | 56 | 76 | ||||||||||||
ALICO | — | 600 | 600 | — | 35 | 35 | ||||||||||||
ALIGN TECHNOLOGY | 730 | 3,300 | 4,030 | 8 | 35 | 43 | ||||||||||||
ALKERMES | 1,210 | 4,400 | 5,610 | 17 | 62 | 79 | ||||||||||||
ALLEGHANY | 211 | 333 | 544 | 60 | 95 | 155 | ||||||||||||
ALLETE | 282 | 1,100 | 1,382 | 10 | 40 | 50 | ||||||||||||
ALLIANCE CAP MGMT HLDG LP UNIT LTD PARTNERSHIP INT | 1,163 | 3,200 | 4,363 | 49 | 134 | 183 | ||||||||||||
ALLIANCE DATA SYSTEMS | 1,800 | 3,400 | 5,200 | 85 | 161 | 246 | ||||||||||||
ALLIANCE GAMING | 650 | 3,000 | 3,650 | 9 | 41 | 50 | ||||||||||||
ALLIANCE IMAGING | — | 3,400 | 3,400 | — | 38 | 38 | ||||||||||||
ALLIANCE RESOURCE PARTNER | 320 | — | 320 | 24 | — | 24 | ||||||||||||
ALLIANCE SEMICONDUCTOR | — | 3,100 | 3,100 | — | 11 | 11 | ||||||||||||
ALLIANT ENERGY | 1,648 | 4,700 | 6,348 | 47 | 134 | 181 | ||||||||||||
ALLIANT TECHSYSTEMS | 725 | 1,675 | 2,400 | 47 | 110 | 157 | ||||||||||||
ALLIED DEFENSE GROUP | — | 600 | 600 | — | 13 | 13 | ||||||||||||
ALLIED HLDGS | — | 3,500 | 3,500 | — | 10 | 10 | ||||||||||||
ALLMERICA FINL | 520 | 2,300 | 2,820 | 17 | 76 | 93 | ||||||||||||
ALLOS THERAPEUTICS | — | 300 | 300 | — | 1 | 1 | ||||||||||||
ALLOY | — | 3,200 | 3,200 | — | 26 | 26 | ||||||||||||
ALLSCRIPTS HEATHCARE SOLUTIONS | 900 | 3,200 | 4,100 | 10 | 34 | 44 | ||||||||||||
ALPHARMA CL A | 700 | 2,600 | 3,300 | 12 | 44 | 56 | ||||||||||||
ALTIRIS | 350 | 1,000 | 1,350 | 12 | 35 | 47 | ||||||||||||
AMAZON | 5,924 | 17,300 | 23,224 | 262 | 766 | 1,028 | ||||||||||||
AMB PPTY | 1,204 | 3,600 | 4,804 | 49 | 145 | 194 | ||||||||||||
AMCAST INDL | — | 2,200 | 2,200 | — | — | — | ||||||||||||
AMCOL INTERNATIONAL | 450 | — | 450 | 9 | — | 9 | ||||||||||||
AMCORE FINL | 490 | 1,200 | 1,690 | 16 | 39 | 55 | ||||||||||||
AMER HEALTHWAYS | 400 | — | 400 | 13 | — | 13 | ||||||||||||
AMERCO | 300 | 1,700 | 2,000 | 14 | 78 | 92 | ||||||||||||
AMERIANA BANCORP | — | 960 | 960 | — | 15 | 15 | ||||||||||||
AMERICA ONLINE LATIN AMER CL A | — | 10,600 | 10,600 | — | 8 | 8 | ||||||||||||
AMERICA WEST HLDG CL B | 700 | 3,800 | 4,500 | 5 | 25 | 30 | ||||||||||||
AMERICAN ACCESS TECHNOLOGIES | — | 2,400 | 2,400 | — | 5 | 5 | ||||||||||||
AMERICAN AXLE + MFG HLDGS | 500 | 2,200 | 2,700 | 15 | 67 | 82 |
Page B-6
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
AMERICAN BIO MEDIA | — | 3,000 | 3,000 | — | 3 | 3 | ||||||||||||
AMERICAN EAGLE OUTFITTERS | 960 | 2,700 | 3,660 | 45 | 127 | 172 | ||||||||||||
AMERICAN FINL GROUP OHIO | 1,340 | 2,700 | 4,040 | 42 | 85 | 127 | ||||||||||||
AMERICAN FINL RLTY TR | 2,850 | 4,700 | 7,550 | 46 | 76 | 122 | ||||||||||||
AMERICAN GREETINGS CL A | 750 | 3,000 | 3,750 | 19 | 76 | 95 | ||||||||||||
AMERICAN HOME MTG INVT | 560 | 2,195 | 2,755 | 19 | 75 | 94 | ||||||||||||
AMERICAN ITALIAN PASTA CO CL A | 400 | 900 | 1,300 | 9 | 21 | 30 | ||||||||||||
AMERICAN LOCKER GROUP | — | 1,300 | 1,300 | — | 19 | 19 | ||||||||||||
AMERICAN MED SYS HLDGS | 500 | 1,400 | 1,900 | 21 | 59 | 80 | ||||||||||||
AMERICAN MTG ACCEP CO SH BEN INT | — | 1,500 | 1,500 | — | 26 | 26 | ||||||||||||
AMERICAN NATL INS CO | 390 | 950 | 1,340 | 41 | 99 | 140 | ||||||||||||
AMERICAN PHARMACEUTICAL PART | 1,550 | 3,000 | 4,550 | 58 | 112 | 170 | ||||||||||||
AMERICAN REAL ESTATE PART LIMITED PARTNERSHIP | 770 | 1,800 | 2,570 | 22 | 51 | 73 | ||||||||||||
AMERICAN SCIENCE + ENGR | — | 700 | 700 | — | 29 | 29 | ||||||||||||
AMERICAN SUPERCONDUCTOR | — | 2,100 | 2,100 | — | 31 | 31 | ||||||||||||
AMERICAN TOWER CL A | 3,267 | 9,600 | 12,867 | 60 | 177 | 237 | ||||||||||||
AMERICAN VANGUARD | 200 | — | 200 | 7 | — | 7 | ||||||||||||
AMERICAN WOODMARK | 380 | 1,000 | 1,380 | 17 | 44 | 61 | ||||||||||||
AMERICREDIT | 2,210 | 6,600 | 8,810 | 54 | 161 | 215 | ||||||||||||
AMERIGROUP | 790 | 1,100 | 1,890 | 60 | 83 | 143 | ||||||||||||
AMERISTAR CASINOS | 400 | 1,000 | 1,400 | 17 | 43 | 60 | ||||||||||||
AMERITRADE HLDG | 6,133 | 18,200 | 24,333 | 87 | 259 | 346 | ||||||||||||
AMERIVEST PPTYS | — | 3,000 | 3,000 | — | 19 | 19 | ||||||||||||
AMERON INTL | — | 700 | 700 | — | 27 | 27 | ||||||||||||
AMERUS GROUP CO | 750 | 1,700 | 2,450 | 34 | 77 | 111 | ||||||||||||
AMETEK | 1,000 | 2,900 | 3,900 | 36 | 103 | 139 | ||||||||||||
AMIS HLDGS | 400 | 3,400 | 3,800 | 7 | 56 | 63 | ||||||||||||
AMKOR TECHNOLOGY | 1,620 | 7,800 | 9,420 | 11 | 52 | 63 | ||||||||||||
AMLI RESIDENTIAL PPTYS TR SH BEN INT | 430 | 1,100 | 1,530 | 14 | 35 | 49 | ||||||||||||
AMN HEALTHCARE SVCS | 400 | 1,205 | 1,605 | 6 | 19 | 25 | ||||||||||||
AMPHENOL CL A | 950 | 4,000 | 4,950 | 35 | 147 | 182 | ||||||||||||
AMR | 2,610 | 6,700 | 9,310 | 29 | 73 | 102 | ||||||||||||
AMSURG | 450 | 1,450 | 1,900 | 13 | 43 | 56 | ||||||||||||
AMTECH SYS | — | 1,600 | 1,600 | — | 7 | 7 | ||||||||||||
AMYLIN PHARMACEUTICALS | 2,163 | 4,100 | 6,263 | 51 | 96 | 147 | ||||||||||||
ANADIGICS | — | 2,595 | 2,595 | — | 10 | 10 | ||||||||||||
ANALOGIC | 280 | 700 | 980 | 13 | 31 | 44 | ||||||||||||
ANAREN | — | 1,400 | 1,400 | — | 18 | 18 | ||||||||||||
ANCHOR BANCORP WIS | 480 | 1,000 | 1,480 | 14 | 29 | 43 | ||||||||||||
ANDRX ANDRX GROUP | 690 | 3,100 | 3,790 | 15 | 68 | 83 | ||||||||||||
ANIXTER INTL | 600 | 1,400 | 2,000 | 22 | 50 | 72 | ||||||||||||
ANNALY MTG MGMT | 2,150 | 5,100 | 7,250 | 42 | 100 | 142 |
Page B-7
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
ANNTAYLOR STORES | 675 | 3,000 | 3,675 | 15 | 65 | 80 | ||||||||||||
ANSOFT | — | 1,400 | 1,400 | — | 28 | 28 | ||||||||||||
ANSWERTHINK CDT | — | 3,400 | 3,400 | — | 16 | 16 | ||||||||||||
ANSYS | 620 | 1,400 | 2,020 | 20 | 45 | 65 | ||||||||||||
ANTEON INTERNATIONAL | 600 | 1,600 | 2,200 | 25 | 67 | 92 | ||||||||||||
ANTHRACITE CAP | 950 | 1,800 | 2,750 | 12 | 22 | 34 | ||||||||||||
ANTIGENICS | 900 | 2,400 | 3,300 | 9 | 24 | 33 | ||||||||||||
ANWORTH MORTGAG | 600 | — | 600 | 6 | — | 6 | ||||||||||||
APAC CUSTOMER SVCS | — | 5,100 | 5,100 | — | 9 | 9 | ||||||||||||
APCO ARGENTINA | 616 | — | 616 | 23 | — | 23 | ||||||||||||
APHTON | — | 3,600 | 3,600 | — | 11 | 11 | ||||||||||||
APOGEE ENTERPRISES | — | 1,300 | 1,300 | — | 17 | 17 | ||||||||||||
APOLLO INVT | — | 2,600 | 2,600 | — | 39 | 39 | ||||||||||||
APPLEBEES INTL | 1,500 | 3,175 | 4,675 | 40 | 84 | 124 | ||||||||||||
APPLERA CELERA GENOMICS | 1,140 | 2,493 | 3,633 | 16 | 34 | 50 | ||||||||||||
APPLICA | — | 1,300 | 1,300 | — | 8 | 8 | ||||||||||||
APPLIED FILMS | 440 | — | 440 | 9 | — | 9 | ||||||||||||
APPLIED INDL TECHNOLOGIES | 375 | 1,200 | 1,575 | 10 | 33 | 43 | ||||||||||||
APPLIED SIGNAL TECH | 250 | — | 250 | 9 | — | 9 | ||||||||||||
APRIA HEALTHCARE GROUP | 1,040 | 2,300 | 3,340 | 34 | 76 | 110 | ||||||||||||
APTARGROUP | 680 | 1,500 | 2,180 | 36 | 79 | 115 | ||||||||||||
AQUA AMER | 2,375 | 3,951 | 6,326 | 58 | 97 | 155 | ||||||||||||
AQUANTIVE | 800 | 4,300 | 5,100 | 7 | 38 | 45 | ||||||||||||
AQUILA | 3,275 | 6,788 | 10,063 | 12 | 25 | 37 | ||||||||||||
ARAMARK CL B | 2,718 | 7,600 | 10,318 | 72 | 201 | 273 | ||||||||||||
ARBITRON | 420 | 1,600 | 2,020 | 16 | 63 | 79 | ||||||||||||
ARBOR REALTY TRUST | 400 | — | 400 | 10 | — | 10 | ||||||||||||
ARCH CAP GROUP LTD SHS | 410 | 1,500 | 1,910 | 16 | 58 | 74 | ||||||||||||
ARCH CHEMICALS | 440 | 950 | 1,390 | 13 | 27 | 40 | ||||||||||||
ARCH COAL | 1,400 | 2,400 | 3,800 | 50 | 85 | 135 | ||||||||||||
ARCHON | — | 1,100 | 1,100 | — | 22 | 22 | ||||||||||||
ARCTIC CAT | 380 | 1,057 | 1,437 | 10 | 28 | 38 | ||||||||||||
ARDEN GROUP CL A | — | 200 | 200 | — | 20 | 20 | ||||||||||||
ARDEN RLTY | 650 | 2,700 | 3,350 | 25 | 102 | 127 | ||||||||||||
ARENA PHARMACEUTICALS | — | 2,500 | 2,500 | — | 17 | 17 | ||||||||||||
ARGONAUT GROUP | 400 | 1,600 | 2,000 | 8 | 34 | 42 | ||||||||||||
ARGOSY GAMING | 300 | 1,600 | 1,900 | 14 | 75 | 89 | ||||||||||||
ARI NETWORK SVCS | — | 3,100 | 3,100 | — | 7 | 7 | ||||||||||||
ARIAD PHARMACEUTICALS | 900 | 2,900 | 3,800 | 7 | 22 | 29 | ||||||||||||
ARIBA | 568 | 2,747 | 3,315 | 9 | 46 | 55 | ||||||||||||
ARKANSAS BEST | 510 | 1,300 | 1,810 | 23 | 58 | 81 | ||||||||||||
ARMOR HLDGS | 550 | 800 | 1,350 | 26 | 38 | 64 |
Page B-8
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
AROTECH | — | 5,100 | 5,100 | — | 8 | 8 | ||||||||||||
ARQULE | — | 3,000 | 3,000 | — | 17 | 17 | ||||||||||||
ARRAY BIOPHARMA | — | 3,200 | 3,200 | — | 30 | 30 | ||||||||||||
ARRHYTHMIA RESH TECHNOLOGY | — | 700 | 700 | — | 15 | 15 | ||||||||||||
ARRIS GROUP | 1,450 | 3,800 | 5,250 | 10 | 27 | 37 | ||||||||||||
ARROW ELECTRS | 1,675 | 4,900 | 6,575 | 41 | 119 | 160 | ||||||||||||
ARROW FINL | 257 | 859 | 1,116 | 8 | 27 | 35 | ||||||||||||
ARROW INTERNATIONAL | 410 | 1,900 | 2,310 | 13 | 59 | 72 | ||||||||||||
ART TECHNOLOGY | 800 | — | 800 | 1 | — | 1 | ||||||||||||
ARTESYN TECHNOLOGIES | 750 | 2,600 | 3,350 | 8 | 29 | 37 | ||||||||||||
ARTHROCARE | 520 | 1,600 | 2,120 | 17 | 51 | 68 | ||||||||||||
ARVINMERITOR | 930 | 3,225 | 4,155 | 21 | 72 | 93 | ||||||||||||
ASBURY AUTOMOTIVE GROUP | 740 | 2,200 | 2,940 | 10 | 30 | 40 | ||||||||||||
ASCENTIAL SOFTWARE | 520 | 2,675 | 3,195 | 8 | 44 | 52 | ||||||||||||
ASK JEEVES OC | 530 | 2,700 | 3,230 | 14 | 72 | 86 | ||||||||||||
ASPECT COMMUNICATIONS | 650 | 3,000 | 3,650 | 7 | 33 | 40 | ||||||||||||
ASPECT MEDICAL SYSTEMS | 450 | — | 450 | 11 | — | 11 | ||||||||||||
ASPEN TECHNOLOGY | — | 3,400 | 3,400 | — | 21 | 21 | ||||||||||||
ASSOCIATED BANC | 1,621 | 4,854 | 6,475 | 54 | 161 | 215 | ||||||||||||
ASSURANT | 3,400 | 5,900 | 9,300 | 104 | 180 | 284 | ||||||||||||
ASTA FDG | — | 1,200 | 1,200 | — | 32 | 32 | ||||||||||||
ASTEC INDS | 600 | 1,800 | 2,400 | 10 | 31 | 41 | ||||||||||||
ASTORIA FINL | 1,114 | 3,500 | 4,614 | 45 | 140 | 185 | ||||||||||||
ASYST TECHNOLOGIES | 550 | 2,900 | 3,450 | 3 | 15 | 18 | ||||||||||||
AT RD | 650 | 4,900 | 5,550 | 4 | 34 | 38 | ||||||||||||
ATARI | — | 4,700 | 4,700 | — | 14 | 14 | ||||||||||||
ATHEROGENICS | 1,000 | 1,800 | 2,800 | 24 | 42 | 66 | ||||||||||||
ATHEROS COMMUNICATIONS | 550 | 2,000 | 2,550 | 6 | 21 | 27 | ||||||||||||
ATMEL | 13,090 | 20,900 | 33,990 | 51 | 82 | 133 | ||||||||||||
ATMI | 1,150 | 1,200 | 2,350 | 26 | 27 | 53 | ||||||||||||
ATMOS ENERGY | 1,860 | 2,300 | 4,160 | 51 | 63 | 114 | ||||||||||||
ATP OIL & GAS | 2,000 | — | 2,000 | 37 | — | 37 | ||||||||||||
ATWOOD OCEANICS | 250 | 700 | 950 | 13 | 36 | 49 | ||||||||||||
AUDIOVOX . | 1,464 | — | 1,464 | 23 | — | 23 | ||||||||||||
AUTHENTIDATE HLDG | 550 | 3,900 | 4,450 | 3 | 24 | 27 | ||||||||||||
AUTOBYTEL | 960 | 2,900 | 3,860 | 6 | 18 | 24 | ||||||||||||
AVALON CORRECTIONAL SVCS | — | 2,300 | 2,300 | — | 6 | 6 | ||||||||||||
AVALONBAY CMNTYS | 1,000 | 2,984 | 3,984 | 75 | 225 | 300 | ||||||||||||
AVANEX | 1,600 | 5,800 | 7,400 | 5 | 19 | 24 | ||||||||||||
AVANT IMMUNOTHERAPEUTICS | 1,900 | — | 1,900 | 4 | — | 4 | ||||||||||||
AVATAR HOLDINGS | 200 | — | 200 | 10 | — | 10 | ||||||||||||
AVI BIOPHARMA | — | 3,100 | 3,100 | — | 7 | 7 |
Page B-9
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
AVIALL | 400 | 1,400 | 1,800 | 9 | 32 | 41 | ||||||||||||
AVID TECHNOLOGY | 310 | 1,500 | 1,810 | 19 | 93 | 112 | ||||||||||||
AVIGEN | — | 200 | 200 | — | 1 | 1 | ||||||||||||
AVISTA | 790 | 2,300 | 3,090 | 14 | 41 | 55 | ||||||||||||
AVNET | 1,754 | 4,996 | 6,750 | 32 | 91 | 123 | ||||||||||||
AVOCENT | 1,255 | 2,045 | 3,300 | 51 | 83 | 134 | ||||||||||||
AVX | 1,552 | 7,100 | 8,652 | 20 | 89 | 109 | ||||||||||||
AWARE MASS | — | 1,300 | 1,300 | — | 6 | 6 | ||||||||||||
AXCELIS TECHNOLOGIES | 1,130 | 3,000 | 4,130 | 9 | 24 | 33 | ||||||||||||
AZTAR | 540 | 1,700 | 2,240 | 19 | 59 | 78 | ||||||||||||
BADGER PAPER MLS | — | 1,900 | 1,900 | — | 8 | 8 | ||||||||||||
BAKER MICHAEL | — | 1,100 | 1,100 | — | 22 | 22 | ||||||||||||
BALDOR ELEC CO | 740 | 1,300 | 2,040 | 20 | 36 | 56 | ||||||||||||
BALDWIN + LYONS CL B | 300 | 1,175 | 1,475 | 8 | 31 | 39 | ||||||||||||
BALLY TOTAL FITNESS HLDG | — | 1,500 | 1,500 | — | 6 | 6 | ||||||||||||
BANCFIRST | 150 | — | 150 | 12 | — | 12 | ||||||||||||
BANCINSURANCE | — | 2,310 | 2,310 | — | 17 | 17 | ||||||||||||
BANCORPSOUTH | 1,350 | 3,325 | 4,675 | 33 | 81 | 114 | ||||||||||||
BANCTRUST FINL GROUP | — | 700 | 700 | — | 17 | 17 | ||||||||||||
BANDAG | 350 | 700 | 1,050 | 17 | 35 | 52 | ||||||||||||
BANK GRANITE FALLS | 872 | — | 872 | 18 | — | 18 | ||||||||||||
BANK HAWAII | 766 | 2,400 | 3,166 | 39 | 122 | 161 | ||||||||||||
BANK MUTUAL | 1,927 | 4,234 | 6,161 | 23 | 52 | 75 | ||||||||||||
BANK OF THE OZARKS | 300 | — | 300 | 10 | — | 10 | ||||||||||||
BANKATLANTIC BANCORP CL A | 950 | 2,700 | 3,650 | 19 | 54 | 73 | ||||||||||||
BANKNORTH GROUP | 2,270 | 7,195 | 9,465 | 83 | 263 | 346 | ||||||||||||
BANKUNITED FINL | 770 | 1,700 | 2,470 | 25 | 54 | 79 | ||||||||||||
BANNER | 754 | 960 | 1,714 | 24 | 30 | 54 | ||||||||||||
BANTA | 300 | 1,000 | 1,300 | 13 | 45 | 58 | ||||||||||||
BARNES + NOBLE | 650 | 3,000 | 3,650 | 21 | 97 | 118 | ||||||||||||
BARNES GROUP | 300 | 1,000 | 1,300 | 8 | 27 | 35 | ||||||||||||
BARR PHARMACEUTICALS | 1,519 | 4,325 | 5,844 | 69 | 197 | 266 | ||||||||||||
BARRETT BILL | — | 1,700 | 1,700 | — | 54 | 54 | ||||||||||||
BAY VIEW CAP | — | 480 | 480 | — | 7 | 7 | ||||||||||||
BAYCORP HLDGS LTD | — | 662 | 662 | — | 8 | 8 | ||||||||||||
BE AEROSPACE | 1,250 | 3,300 | 4,550 | 15 | 38 | 53 | ||||||||||||
BEA SYS | 5,972 | 16,900 | 22,872 | 53 | 150 | 203 | ||||||||||||
BEACON PWR | — | 9,300 | 9,300 | — | 9 | 9 | ||||||||||||
BEARINGPOINT | 3,792 | 8,700 | 12,492 | 30 | 70 | 100 | ||||||||||||
BEASLEY BROADCAST GROUP CL A | 500 | 1,200 | 1,700 | 9 | 21 | 30 | ||||||||||||
BEAZER HOMES USA | 190 | 500 | 690 | 28 | 73 | 101 | ||||||||||||
BEBE STORES | 900 | 2,250 | 3,150 | 24 | 61 | 85 |
Page B-10
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
BECKMAN COULTER | 892 | 2,700 | 3,592 | 60 | 181 | 241 | ||||||||||||
BEDFORD PPTY INVS | 250 | 1,100 | 1,350 | 7 | 31 | 38 | ||||||||||||
BEI TECHNOLOGIES | 250 | 1,100 | 1,350 | 8 | 34 | 42 | ||||||||||||
BEL FUSE CL A | — | 1,100 | 1,100 | — | 32 | 32 | ||||||||||||
BELDEN CDT | 400 | 2,875 | 3,275 | 9 | 67 | 76 | ||||||||||||
BELL MICROPRODUCTS | — | 2,400 | 2,400 | — | 23 | 23 | ||||||||||||
BELO SER A | 1,280 | 5,000 | 6,280 | 34 | 131 | 165 | ||||||||||||
BENCHMARK ELECTRS | 600 | 2,000 | 2,600 | 20 | 68 | 88 | ||||||||||||
BENTLEY PHARMACEUTICALS | 1,172 | — | 1,172 | 13 | — | 13 | ||||||||||||
BERKLEY W R | 1,224 | 3,275 | 4,499 | 58 | 154 | 212 | ||||||||||||
BERKSHIRE HATHAWAY CL A | 22 | 65 | 87 | 1,934 | 5,714 | 7,648 | ||||||||||||
BERRY PETE CO CL A | 490 | 1,000 | 1,490 | 23 | 48 | 71 | ||||||||||||
BEVERLY ENTERPRISES | 1,850 | 4,800 | 6,650 | 17 | 44 | 61 | ||||||||||||
BIG 5 SPORTING GOODS | 300 | 1,500 | 1,800 | 9 | 44 | 53 | ||||||||||||
BIO RAD LABORATORIES CLASS A | 800 | 1,000 | 1,800 | 46 | 57 | 103 | ||||||||||||
BIOCRYST PHARMACEUTICALS | — | 1,800 | 1,800 | — | 10 | 10 | ||||||||||||
BIOLASE TECHNOLOGY | 500 | — | 500 | 5 | — | 5 | ||||||||||||
BIOMARIN PHARMACEUTICAL | 1,590 | 3,800 | 5,390 | 10 | 24 | 34 | ||||||||||||
BIOPURE CL A | — | 4,700 | 4,700 | — | 3 | 3 | ||||||||||||
BIOSITE | 400 | 800 | 1,200 | 25 | 49 | 74 | ||||||||||||
BIOSOURCE INTL | — | 2,400 | 2,400 | — | 17 | 17 | ||||||||||||
BIOSPHERE MED | — | 2,100 | 2,100 | — | 8 | 8 | ||||||||||||
BIOVERIS | 780 | 2,100 | 2,880 | 6 | 15 | 21 | ||||||||||||
BISYS GROUP | — | 5,600 | 5,600 | — | 92 | 92 | ||||||||||||
BJ’S RESTAURANTS | 1,533 | — | 1,533 | 21 | — | 21 | ||||||||||||
BJS WHSL CLUB | 1,900 | 3,100 | 5,000 | 55 | 90 | 145 | ||||||||||||
BLACK BOX | 600 | 970 | 1,570 | 29 | 47 | 76 | ||||||||||||
BLACK HILLS | 840 | 1,300 | 2,140 | 26 | 40 | 66 | ||||||||||||
BLACKROCK CL A | 210 | 800 | 1,010 | 16 | 62 | 78 | ||||||||||||
BLOCKBUSTER CL A | 800 | 7,700 | 8,500 | 8 | 73 | 81 | ||||||||||||
BLOUNT INTL | 2,277 | — | 2,277 | 40 | — | 40 | ||||||||||||
BLUE COAT SYSTEMS | 20 | — | 20 | — | — | — | ||||||||||||
BLUE NILE | — | 1,100 | 1,100 | — | 30 | 30 | ||||||||||||
BLUEFLY | — | 700 | 700 | — | 2 | 2 | ||||||||||||
BLUEGREEN CORPORATION | 600 | — | 600 | 12 | — | 12 | ||||||||||||
BLYTH | 850 | 2,000 | 2,850 | 25 | 59 | 84 | ||||||||||||
BNC | — | 300 | 300 | — | 5 | 5 | ||||||||||||
BNP RESIDENTIAL PPTYS | — | 700 | 700 | — | 11 | 11 | ||||||||||||
BOB EVANS FARMS | 300 | 1,500 | 1,800 | 8 | 39 | 47 | ||||||||||||
BOK FINL | 801 | 2,536 | 3,337 | 39 | 124 | 163 | ||||||||||||
BON TON STORES | — | 1,200 | 1,200 | — | 19 | 19 | ||||||||||||
BONE CARE INTL | 350 | 1,100 | 1,450 | 10 | 31 | 41 |
Page B-11
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
BORDERS GROUP | 1,000 | 3,000 | 4,000 | 25 | 76 | 101 | ||||||||||||
BORG WARNER | 1,070 | 2,200 | 3,270 | 58 | 119 | 177 | ||||||||||||
BORLAND SOFTWARE | 1,810 | 3,200 | 5,010 | 21 | 37 | 58 | ||||||||||||
BOSTON COMMUNICATIONS GROUP | — | 2,400 | 2,400 | — | 22 | 22 | ||||||||||||
BOSTON PPTYS | 1,410 | 4,700 | 6,110 | 91 | 304 | 395 | ||||||||||||
BOSTON PRIVATE FINL HLDGS | 540 | 1,459 | 1,999 | 15 | 41 | 56 | ||||||||||||
BOSTONFED BANCORP | — | 600 | 600 | — | 27 | 27 | ||||||||||||
BOTTOMLINE TECHNOLOGIES | — | 1,500 | 1,500 | — | 22 | 22 | ||||||||||||
BOWATER | 550 | 2,300 | 2,850 | 24 | 101 | 125 | ||||||||||||
BOWL AMER CL A | — | 300 | 300 | — | 4 | 4 | ||||||||||||
BOWNE + CO | 750 | 2,200 | 2,950 | 12 | 36 | 48 | ||||||||||||
BOYD GAMING | 1,269 | 3,600 | 4,869 | 53 | 150 | 203 | ||||||||||||
BOYDS COLLECTION LTD | — | 2,700 | 2,700 | — | 12 | 12 | ||||||||||||
BP PRUDHOE BAY RTY TR UNIT BEN INT | 420 | 1,300 | 1,720 | 20 | 63 | 83 | ||||||||||||
BRADLEY PHARMACEUTICALS | — | 1,100 | 1,100 | — | 21 | 21 | ||||||||||||
BRADY CL A | 350 | 1,000 | 1,350 | 22 | 63 | 85 | ||||||||||||
BRANDYWINE RLTY TR SH BEN INT | 580 | 1,800 | 2,380 | 17 | 53 | 70 | ||||||||||||
BRE PPTYS | 650 | 2,100 | 2,750 | 26 | 85 | 111 | ||||||||||||
BRIDGFORD FOODS | — | 1,000 | 1,000 | — | 9 | 9 | ||||||||||||
BRIGGS + STRATTON | 800 | 1,600 | 2,400 | 33 | 67 | 100 | ||||||||||||
BRIGHT HORIZONS FAMILY SOLUT | 260 | 600 | 860 | 17 | 39 | 56 | ||||||||||||
BRIGHTPOINT | — | 1,600 | 1,600 | — | 31 | 31 | ||||||||||||
BRILLIAN | 25 | 237 | 262 | — | 1 | 1 | ||||||||||||
BRINKER INTL | 1,403 | 3,850 | 5,253 | 49 | 135 | 184 | ||||||||||||
BRINKS CO | 1,650 | 2,449 | 4,099 | 65 | 97 | 162 | ||||||||||||
BRISTOL WEST HLDGS | 350 | 1,700 | 2,050 | 7 | 34 | 41 | ||||||||||||
BROADVISION | — | 4,288 | 4,288 | — | 12 | 12 | ||||||||||||
BROADWING | 564 | 2,490 | 3,054 | 5 | 23 | 28 | ||||||||||||
BROCADE COMMUNICATIONS SYS | 8,772 | 10,940 | 19,712 | 67 | 84 | 151 | ||||||||||||
BROOKFIELD HOMES | 800 | 1,200 | 2,000 | 27 | 41 | 68 | ||||||||||||
BROOKLINE BANCORP | 680 | 2,249 | 2,929 | 11 | 37 | 48 | ||||||||||||
BROOKS AUTOMATION | 1,410 | 1,764 | 3,174 | 24 | 30 | 54 | ||||||||||||
BROOKSTONE | 400 | — | 400 | 8 | — | 8 | ||||||||||||
BROWN + BROWN | 1,003 | 2,700 | 3,703 | 44 | 118 | 162 | ||||||||||||
BROWN SHOE | 280 | 1,100 | 1,380 | 8 | 33 | 41 | ||||||||||||
BRUKER BIOSCIENCES | 1,450 | 4,600 | 6,050 | 6 | 19 | 25 | ||||||||||||
BTU INTL | — | 2,400 | 2,400 | — | 7 | 7 | ||||||||||||
BUCA OC | — | 2,400 | 2,400 | — | 17 | 17 | ||||||||||||
BUCKEYE PARTNERS L P LIMITED PARTNERSHIP | 300 | 1,400 | 1,700 | 13 | 59 | 72 | ||||||||||||
BUCKEYE TECHNOLOGIES | 700 | 2,600 | 3,300 | 9 | 34 | 43 | ||||||||||||
BUCKLE | 250 | 1,000 | 1,250 | 7 | 30 | 37 | ||||||||||||
BUILDING MATLS HLDG | — | 900 | 900 | — | 34 | 34 |
Page B-12
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
BUNGE LIMITED SHS | 1,602 | 4,600 | 6,202 | 91 | 262 | 353 | ||||||||||||
BURKE MLS | — | 3,800 | 3,800 | — | 5 | 5 | ||||||||||||
BURLINGTON COAT FACTORY WHSE | 760 | 2,100 | 2,860 | 17 | 48 | 65 | ||||||||||||
BURNHAM PACIFIC PROP REIT | 2,050 | — | 2,050 | — | — | — | ||||||||||||
BWC FINL CDT | — | 1,127 | 1,127 | — | 25 | 25 | ||||||||||||
CCOR NET CORPORATION | 900 | 3,400 | 4,300 | 8 | 32 | 40 | ||||||||||||
CDI | 400 | 700 | 1,100 | 9 | 15 | 24 | ||||||||||||
CH ROBINSON WORLDWIDE | 1,200 | 3,500 | 4,700 | 67 | 194 | 261 | ||||||||||||
C+D TECHNOLOGIES | 300 | 1,000 | 1,300 | 5 | 17 | 22 | ||||||||||||
CABELAS | — | 2,700 | 2,700 | — | 61 | 61 | ||||||||||||
CABLEVISION NY GROUP CLASS A CL A | 4,499 | 12,960 | 17,459 | 112 | 323 | 435 | ||||||||||||
CABOT | 650 | 2,900 | 3,550 | 25 | 112 | 137 | ||||||||||||
CABOT MICROELECTRONICS | 250 | 1,032 | 1,282 | 10 | 41 | 51 | ||||||||||||
CABOT OIL + GAS | 500 | 1,600 | 2,100 | 22 | 71 | 93 | ||||||||||||
CACI INTL CL A | 300 | 1,400 | 1,700 | 20 | 95 | 115 | ||||||||||||
CADENCE DESIGN SYS | 3,840 | 11,477 | 15,317 | 53 | 158 | 211 | ||||||||||||
CADMUS COMMUNICATIONS RTS | — | 1,500 | 1,500 | — | 19 | 19 | ||||||||||||
CAESARS ENTMT | 4,290 | 13,200 | 17,490 | 86 | 266 | 352 | ||||||||||||
CAL DIVE INTL | 550 | 1,700 | 2,250 | 22 | 69 | 91 | ||||||||||||
CALAMP | — | 2,500 | 2,500 | — | 22 | 22 | ||||||||||||
CALGON CARBON STK | — | 3,500 | 3,500 | — | 32 | 32 | ||||||||||||
CALIFORNIA FIRST NATL BANCORP | — | 500 | 500 | — | 6 | 6 | ||||||||||||
CALIFORNIA MICRO DEVICES | — | 2,300 | 2,300 | — | 16 | 16 | ||||||||||||
CALIFORNIA PIZZA KITCHEN | 400 | 1,200 | 1,600 | 9 | 28 | 37 | ||||||||||||
CALIFORNIA WATER SERVICE GRP | — | 1,200 | 1,200 | — | 45 | 45 | ||||||||||||
CALIPER LIFE SCIENCES | 250 | — | 250 | 2 | — | 2 | ||||||||||||
CALLAWAY GOLF CO | 1,550 | 3,800 | 5,350 | 21 | 51 | 72 | ||||||||||||
CALLON PETE CO | 1,050 | 1,600 | 2,650 | 15 | 23 | 38 | ||||||||||||
CAMBREX | 510 | 1,200 | 1,710 | 14 | 33 | 47 | ||||||||||||
CAMCO FINL | — | 700 | 700 | — | 11 | 11 | ||||||||||||
CAMDEN NATL | — | 900 | 900 | — | 35 | 35 | ||||||||||||
CAMDEN PPTY TR | 700 | 1,600 | 2,300 | 36 | 82 | 118 | ||||||||||||
CANDELA | — | 3,200 | 3,200 | — | 36 | 36 | ||||||||||||
CAPITAL AUTOMOTIVE REIT | 350 | 1,500 | 1,850 | 12 | 53 | 65 | ||||||||||||
CAPITAL CITY BANK GROUP | 290 | — | 290 | 12 | — | 12 | ||||||||||||
CAPITAL CORP OF THE WEST | — | 671 | 671 | — | 32 | 32 | ||||||||||||
CAPITAL CROSSING BK | — | 1,000 | 1,000 | — | 31 | 31 | ||||||||||||
CAPITAL PPTYS R I | — | 1,200 | 1,200 | — | 22 | 22 | ||||||||||||
CAPITAL PPTYS R I CL B | — | 120 | 120 | — | — | — | ||||||||||||
CAPITAL SR LIVING | — | 2,400 | 2,400 | — | 14 | 14 | ||||||||||||
CAPITALSOURCE | 1,712 | 4,900 | 6,612 | 44 | 126 | 170 | ||||||||||||
CAPITOL FED FINL | 719 | 3,200 | 3,919 | 26 | 115 | 141 |
Page B-13
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
CAPSTONE TURBINE | 200 | 5,800 | 6,000 | — | 11 | 11 | ||||||||||||
CAPTARIS | — | 2,600 | 2,600 | — | 13 | 13 | ||||||||||||
CAPTIVA SOFTWARE | — | 500 | 500 | — | 5 | 5 | ||||||||||||
CARAUSTAR INDS | 550 | 1,300 | 1,850 | 9 | 22 | 31 | ||||||||||||
CARBO CERAMICS | 250 | 600 | 850 | 17 | 41 | 58 | ||||||||||||
CAREER ED | 1,491 | 4,400 | 5,891 | 60 | 176 | 236 | ||||||||||||
CARLISLE COS | 310 | 1,500 | 1,810 | 20 | 97 | 117 | ||||||||||||
CARMAX | 1,514 | 4,600 | 6,114 | 47 | 143 | 190 | ||||||||||||
CARMIKE CINEMAS | 200 | — | 200 | 7 | — | 7 | ||||||||||||
CARPENTER TECHNOLOGY | 400 | 1,000 | 1,400 | 23 | 58 | 81 | ||||||||||||
CARRAMERICA RLTY | 700 | 2,200 | 2,900 | 23 | 73 | 96 | ||||||||||||
CARRIAGE SVCS CL A | — | 1,600 | 1,600 | — | 8 | 8 | ||||||||||||
CARRIER ACCESS | — | 1,900 | 1,900 | — | 20 | 20 | ||||||||||||
CARRIZO OIL + GAS | — | 2,300 | 2,300 | — | 26 | 26 | ||||||||||||
CARTER’S | 500 | — | 500 | 17 | — | 17 | ||||||||||||
CASCADE | 250 | — | 250 | 10 | — | 10 | ||||||||||||
CASCADE BANCORP | 400 | — | 400 | 8 | — | 8 | ||||||||||||
CASCADE NAT GAS | — | 1,100 | 1,100 | — | 23 | 23 | ||||||||||||
CASELLA WASTE SYS CL A | 75 | 1,300 | 1,375 | 1 | 19 | 20 | ||||||||||||
CASEYS GEN STORES | 1,200 | 1,900 | 3,100 | 22 | 34 | 56 | ||||||||||||
CASH AMER INTL | 560 | 1,400 | 1,960 | 17 | 42 | 59 | ||||||||||||
CASTLE ENERGY | — | 1,400 | 1,400 | — | 17 | 17 | ||||||||||||
CATALINA MARKETING | 1,150 | 2,250 | 3,400 | 34 | 67 | 101 | ||||||||||||
CATALYST SEMICONDUCTOR | — | 1,600 | 1,600 | — | 9 | 9 | ||||||||||||
CATAPULT COMMUNICATIONS | — | 800 | 800 | — | 19 | 19 | ||||||||||||
CATELLUS DEV | 1,447 | 4,203 | 5,650 | 44 | 129 | 173 | ||||||||||||
CATHAY GENERAL BANCORP | 682 | 2,474 | 3,156 | 26 | 93 | 119 | ||||||||||||
CATO CL A | — | 1,500 | 1,500 | — | 43 | 43 | ||||||||||||
CB RICHARD ELLIS GROUP CL A | 1,650 | 3,100 | 4,750 | 55 | 104 | 159 | ||||||||||||
CBL + ASSOC PPTYS | 330 | 1,500 | 1,830 | 25 | 115 | 140 | ||||||||||||
CBRL GROUP | 500 | 2,400 | 2,900 | 21 | 100 | 121 | ||||||||||||
CCC INFORMATION SVCS GROUP | — | 1,307 | 1,307 | — | 29 | 29 | ||||||||||||
CDW | 1,090 | 3,600 | 4,690 | 72 | 239 | 311 | ||||||||||||
CEC ENTMT | 375 | 1,650 | 2,025 | 15 | 66 | 81 | ||||||||||||
CEDAR FAIR L P LIMITED PARTNERSHIP | 1,450 | 2,000 | 3,450 | 48 | 66 | 114 | ||||||||||||
CELERITEK | — | 1,100 | 1,100 | — | 2 | 2 | ||||||||||||
CELGENE | 2,240 | 7,000 | 9,240 | 59 | 186 | 245 | ||||||||||||
CELL GENESYS | 700 | 2,800 | 3,500 | 6 | 23 | 29 | ||||||||||||
CELL THERAPEUTICS CDT | 1,000 | 3,400 | 4,400 | 8 | 28 | 36 | ||||||||||||
CELLEGY PHARMACEUTICALS | — | 2,400 | 2,400 | — | 7 | 7 | ||||||||||||
CENTENE | 800 | — | 800 | 23 | — | 23 | ||||||||||||
CENTENNIAL COMMUNICATIONS CL A | 1,790 | 6,500 | 8,290 | 14 | 52 | 66 |
Page B-14
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
CENTER BANCORP | — | 970 | 970 | — | 13 | 13 | ||||||||||||
CENTERPOINT PPTYS TR | 1,120 | 2,000 | 3,120 | 54 | 96 | 150 | ||||||||||||
CENTILLIUM COMMUNICATIONS | — | 4,400 | 4,400 | — | 11 | 11 | ||||||||||||
CENTRAL EURO DISTRIBUTION | 300 | — | 300 | 9 | — | 9 | ||||||||||||
CENTRAL GARDEN + PET CO | 350 | 900 | 1,250 | 15 | 38 | 53 | ||||||||||||
CENTRAL PAC FINL | — | 1,273 | 1,273 | — | 46 | 46 | ||||||||||||
CENTRAL PKG | 660 | 1,400 | 2,060 | 10 | 21 | 31 | ||||||||||||
CENTRAL VT PUBLIC SERVICE | — | 1,100 | 1,100 | — | 26 | 26 | ||||||||||||
CENTURY ALUM CO | 430 | 2,200 | 2,630 | 11 | 58 | 69 | ||||||||||||
CENTURY BANCORP MASS CL A | — | 600 | 600 | — | 18 | 18 | ||||||||||||
CENTURY BUSINESS SERVICES | 1,650 | — | 1,650 | 7 | — | 7 | ||||||||||||
CENVEO | 2,200 | 3,500 | 5,700 | 7 | 11 | 18 | ||||||||||||
CEPHALON | 610 | 2,300 | 2,910 | 31 | 117 | 148 | ||||||||||||
CEPHEID | 800 | 2,900 | 3,700 | 8 | 29 | 37 | ||||||||||||
CERADYNE | 200 | — | 200 | 11 | — | 11 | ||||||||||||
CERES GROUP | 2,000 | — | 2,000 | 10 | — | 10 | ||||||||||||
CERIDIAN | 1,650 | 6,500 | 8,150 | 30 | 119 | 149 | ||||||||||||
CERNER | 430 | 1,600 | 2,030 | 23 | 85 | 108 | ||||||||||||
CERTEGY | 900 | 3,100 | 4,000 | 32 | 110 | 142 | ||||||||||||
CERUS | — | 1,970 | 1,970 | — | 6 | 6 | ||||||||||||
CEVA | — | 1,600 | 1,600 | — | 15 | 15 | ||||||||||||
CFC INTL | — | 1,600 | 1,600 | — | 25 | 25 | ||||||||||||
CH ENERGY GROUP | 150 | 800 | 950 | 7 | 38 | 45 | ||||||||||||
CHALONE WINE GROUP LTD | — | 1,500 | 1,500 | — | 21 | 21 | ||||||||||||
CHAMPION ENTERPRISES | 1,709 | 4,800 | 6,509 | 20 | 57 | 77 | ||||||||||||
CHANNELL L | — | 1,700 | 1,700 | — | 14 | 14 | ||||||||||||
CHARLES + COLVARD LTD | — | 700 | 700 | — | 7 | 7 | ||||||||||||
CHARLES RIV LABORATORIES INTL | 650 | 2,716 | 3,366 | 30 | 125 | 155 | ||||||||||||
CHARLES RIVER ASSOCIATES | 150 | — | 150 | 7 | — | 7 | ||||||||||||
CHARLOTTE RUSSE HLDG | 400 | 1,200 | 1,600 | 4 | 12 | 16 | ||||||||||||
CHARMING SHOPPES | 2,320 | 5,200 | 7,520 | 22 | 49 | 71 | ||||||||||||
CHARTER COMMUNICATIONS CL A | 2,810 | 13,400 | 16,210 | 6 | 30 | 36 | ||||||||||||
CHARTER FINL WEST PT GA | 360 | 800 | 1,160 | 16 | 35 | 51 | ||||||||||||
CHARTERMAC SH BEN INT | 500 | 1,700 | 2,200 | 12 | 42 | 54 | ||||||||||||
CHASE | — | 1,000 | 1,000 | — | 16 | 16 | ||||||||||||
CHATTEM | 500 | 1,300 | 1,800 | 17 | 43 | 60 | ||||||||||||
CHECKFREE | 1,012 | 3,800 | 4,812 | 39 | 145 | 184 | ||||||||||||
CHECKPOINT SYSTEMS | 660 | — | 660 | 12 | — | 12 | ||||||||||||
CHEESECAKE FACTORY | 1,695 | 3,075 | 4,770 | 55 | 100 | 155 | ||||||||||||
CHEMED | 300 | 400 | 700 | 20 | 27 | 47 | ||||||||||||
CHEMICAL FINL | 900 | 873 | 1,773 | 39 | 37 | 76 | ||||||||||||
CHEROKEE | — | 900 | 900 | — | 32 | 32 |
Page B-15
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
CHESAPEAKE | 460 | 600 | 1,060 | 12 | 16 | 28 | ||||||||||||
CHESAPEAKE ENERGY | 4,748 | 9,800 | 14,548 | 78 | 162 | 240 | ||||||||||||
CHESAPEAKE UTILS | — | 800 | 800 | — | 21 | 21 | ||||||||||||
CHICAGO MERCHANTILE EXCHANGE | 450 | 1,450 | 1,900 | 103 | 332 | 435 | ||||||||||||
CHICOS FAS | 1,250 | 3,700 | 4,950 | 57 | 168 | 225 | ||||||||||||
CHILDRENS PL RETAIL STORES | 350 | 1,100 | 1,450 | 13 | 41 | 54 | ||||||||||||
CHIQUITA BRANDS INTL | 550 | 1,700 | 2,250 | 12 | 38 | 50 | ||||||||||||
CHITTENDEN | 512 | 2,112 | 2,624 | 15 | 61 | 76 | ||||||||||||
CHOICE HOTELS | 500 | 1,500 | 2,000 | 29 | 87 | 116 | ||||||||||||
CHOICEPOINT | 1,233 | 3,524 | 4,757 | 57 | 162 | 219 | ||||||||||||
CHORDIANT SOFTWARE | — | 6,020 | 6,020 | — | 14 | 14 | ||||||||||||
CHRISTOPHER + BANKS | 380 | 1,812 | 2,192 | 7 | 33 | 40 | ||||||||||||
CHURCH + DWIGHT | 675 | 2,550 | 3,225 | 23 | 86 | 109 | ||||||||||||
CHURCHILL DOWNS | 200 | 500 | 700 | 9 | 22 | 31 | ||||||||||||
CIBER | 1,140 | 2,900 | 4,040 | 11 | 28 | 39 | ||||||||||||
CIMAREX ENERGY CO | 1,446 | 2,040 | 3,486 | 55 | 77 | 132 | ||||||||||||
CINCINNATI BELL | 8,900 | 9,448 | 18,348 | 37 | 39 | 76 | ||||||||||||
CIPHERGEN BIOSYSTEMS | — | 3,000 | 3,000 | — | 13 | 13 | ||||||||||||
CIRRUS LOGIC | 1,640 | 4,800 | 6,440 | 9 | 26 | 35 | ||||||||||||
CITADEL BROADCASTING | 2,750 | 5,500 | 8,250 | 44 | 89 | 133 | ||||||||||||
CITIZENS AMER CL A | — | 4,050 | 4,050 | — | 26 | 26 | ||||||||||||
CITIZENS BKG MICH | 610 | 2,000 | 2,610 | 21 | 69 | 90 | ||||||||||||
CITIZENS FIRST BANCORP | 703 | — | 703 | 17 | — | 17 | ||||||||||||
CITY BANK LYNNWOOD, WA | 250 | — | 250 | 9 | — | 9 | ||||||||||||
CITY HLDG CO | 350 | 500 | 850 | 13 | 18 | 31 | ||||||||||||
CITY NATL | 550 | 2,200 | 2,750 | 39 | 155 | 194 | ||||||||||||
CKE RESTAURANTS | 700 | 2,450 | 3,150 | 10 | 36 | 46 | ||||||||||||
CLAIRE S STORES | 1,050 | 3,500 | 4,550 | 22 | 74 | 96 | ||||||||||||
CLARCOR | 370 | 900 | 1,270 | 20 | 49 | 69 | ||||||||||||
CLARK | 550 | 1,300 | 1,850 | 9 | 20 | 29 | ||||||||||||
CLECO | 500 | 1,900 | 2,400 | 10 | 38 | 48 | ||||||||||||
CLEVELAND CLIFFS | 200 | 600 | 800 | 21 | 62 | 83 | ||||||||||||
CLIFTON SAVINGS BANCORP | 600 | — | 600 | 7 | — | 7 | ||||||||||||
CLOSURE MED | 300 | 1,100 | 1,400 | 6 | 21 | 27 | ||||||||||||
CMG INFORMATION SVCS | 12,250 | 17,668 | 29,918 | 31 | 45 | 76 | ||||||||||||
CNA FINL | 3,380 | 9,900 | 13,280 | 90 | 264 | 354 | ||||||||||||
CNA SURETY | 700 | 2,400 | 3,100 | 9 | 32 | 41 | ||||||||||||
CNET NETWORKS | 4,720 | 7,471 | 12,191 | 53 | 84 | 137 | ||||||||||||
CNF | 800 | 2,300 | 3,100 | 40 | 115 | 155 | ||||||||||||
COACHMEN INDS | — | 1,300 | 1,300 | — | 23 | 23 | ||||||||||||
COASTAL FINL | 72 | — | 72 | 1 | — | 1 | ||||||||||||
COBIZ | 787 | 1,650 | 2,437 | 16 | 33 | 49 |
Page B-16
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
COCA COLA BOTTLING CO CONS | 150 | 500 | 650 | 9 | 29 | 38 | ||||||||||||
CODORUS VY BANCORP | — | 420 | 420 | — | 8 | 8 | ||||||||||||
COEUR D ALENE MINES IDAHO | 2,800 | 8,600 | 11,400 | 11 | 34 | 45 | ||||||||||||
COGENT | 1,136 | 3,500 | 4,636 | 37 | 116 | 153 | ||||||||||||
COGNEX | 850 | 2,100 | 2,950 | 24 | 59 | 83 | ||||||||||||
COGNIZANT TECHNOLOGY SOLUTIONS CL A | 1,936 | 5,600 | 7,536 | 82 | 237 | 319 | ||||||||||||
COHERENT | 700 | 1,150 | 1,850 | 21 | 35 | 56 | ||||||||||||
COHU | 400 | 1,800 | 2,200 | 7 | 33 | 40 | ||||||||||||
COINSTAR | 450 | — | 450 | 12 | — | 12 | ||||||||||||
COLDWATER CREEK | 450 | 1,712 | 2,162 | 14 | 53 | 67 | ||||||||||||
COLE KENNETH PRODTNS CL A | 250 | 1,400 | 1,650 | 8 | 43 | 51 | ||||||||||||
COLLINS + AIKMAN | 2,800 | 4,300 | 7,100 | 12 | 19 | 31 | ||||||||||||
COLONIAL BANCGROUP | 1,945 | 5,600 | 7,545 | 41 | 119 | 160 | ||||||||||||
COLONIAL PPTYS TR SH BEN INT | 290 | 1,000 | 1,290 | 11 | 39 | 50 | ||||||||||||
COLUMBIA BKG SYS | 350 | — | 350 | 9 | — | 9 | ||||||||||||
COLUMBIA LABS STK | — | 3,400 | 3,400 | — | 9 | 9 | ||||||||||||
COLUMBIA SPORTSWEAR CO | 731 | 1,650 | 2,381 | 44 | 98 | 142 | ||||||||||||
COLUMBUS MCKINNON NY | — | 1,200 | 1,200 | — | 10 | 10 | ||||||||||||
COMMERCE BANCORP N J | 1,100 | 3,250 | 4,350 | 71 | 209 | 280 | ||||||||||||
COMMERCE BANCSHARES | 976 | 3,111 | 4,087 | 49 | 156 | 205 | ||||||||||||
COMMERCE GROUP MASS | 350 | 1,100 | 1,450 | 21 | 67 | 88 | ||||||||||||
COMMERCE ONE | 75 | — | 75 | — | — | — | ||||||||||||
COMMERCIAL CAP BANCORP | 1,180 | 2,300 | 3,480 | 27 | 53 | 80 | ||||||||||||
COMMERCIAL FED | 450 | 2,000 | 2,450 | 13 | 59 | 72 | ||||||||||||
COMMERCIAL METALS CO | 400 | 1,100 | 1,500 | 20 | 56 | 76 | ||||||||||||
COMMERCIAL NET LEASE RLTY | 930 | 2,200 | 3,130 | 19 | 45 | 64 | ||||||||||||
COMMONWEALTH TEL ENTERPRISES | 500 | 1,100 | 1,600 | 25 | 55 | 80 | ||||||||||||
COMMSCOPE | 700 | 2,500 | 3,200 | 13 | 47 | 60 | ||||||||||||
COMMUNITY BANK SYSTEM | 620 | — | 620 | 18 | — | 18 | ||||||||||||
COMMUNITY BK SHS IND | — | 1,210 | 1,210 | — | 26 | 26 | ||||||||||||
COMMUNITY BKS MILLERSBURG | — | 1,044 | 1,044 | — | 29 | 29 | ||||||||||||
COMMUNITY HEALTH SYS | 922 | 4,400 | 5,322 | 26 | 123 | 149 | ||||||||||||
COMMUNITY TRUST BANKCORP | 275 | — | 275 | 9 | — | 9 | ||||||||||||
COMPREHENSIVE CARE | — | 3,500 | 3,500 | — | 4 | 4 | ||||||||||||
COMPUCREDIT | 500 | 2,400 | 2,900 | 14 | 66 | 80 | ||||||||||||
COMPUTER HORIZONS | — | 3,300 | 3,300 | — | 13 | 13 | ||||||||||||
COMPUTER NETWORK TECHNOLOGY | — | 1,900 | 1,900 | — | 13 | 13 | ||||||||||||
COMPUTER PROGRAMS + SYS | — | 500 | 500 | — | 12 | 12 | ||||||||||||
COMSTOCK RES | 640 | 1,400 | 2,040 | 14 | 31 | 45 | ||||||||||||
COMTECH TELECOMCOMMUNICATIONS | 382 | 925 | 1,307 | 14 | 35 | 49 | ||||||||||||
CONCEPTUS | — | 2,500 | 2,500 | — | 20 | 20 | ||||||||||||
CONCORD COMMUNICATIONS | — | 1,400 | 1,400 | — | 16 | 16 |
Page B-17
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
CONCURRENT PUTER | — | 1,600 | 1,600 | — | 5 | 5 | ||||||||||||
CONEXANT SYS | 4,266 | 19,381 | 23,647 | 8 | 39 | 47 | ||||||||||||
CONMED | 400 | 1,450 | 1,850 | 11 | 41 | 52 | ||||||||||||
CONNECTICUT WTR SVC | — | 850 | 850 | — | 23 | 23 | ||||||||||||
CONNETICS | 550 | 1,700 | 2,250 | 13 | 41 | 54 | ||||||||||||
CONSECO | 1,600 | 6,100 | 7,700 | 32 | 122 | 154 | ||||||||||||
CONSOL ENERGY | 1,308 | 4,200 | 5,508 | 54 | 172 | 226 | ||||||||||||
CONSOLIDATED GRAPHICS | 200 | 800 | 1,000 | 9 | 37 | 46 | ||||||||||||
CONSTELLATION BRANDS CL A | 1,490 | 4,600 | 6,090 | 69 | 214 | 283 | ||||||||||||
CONTINENTAL AIRLS CL B | 840 | 3,000 | 3,840 | 11 | 41 | 52 | ||||||||||||
COOPER CAMERON | 770 | 2,300 | 3,070 | 41 | 124 | 165 | ||||||||||||
COOPER COS | 500 | 1,600 | 2,100 | 35 | 113 | 148 | ||||||||||||
COOPERATIVE BANKSHARES | — | 1,100 | 1,100 | — | 30 | 30 | ||||||||||||
COPART | 1,550 | 3,850 | 5,400 | 41 | 101 | 142 | ||||||||||||
COPPER MTN NETWORKS | — | 400 | 400 | — | 1 | 1 | ||||||||||||
CORILLIAN | — | 3,000 | 3,000 | — | 15 | 15 | ||||||||||||
CORINTHIAN COLLEGES | 800 | 3,800 | 4,600 | 15 | 72 | 87 | ||||||||||||
CORIXA | — | 4,501 | 4,501 | — | 16 | 16 | ||||||||||||
CORN PRODUCTS INTL | 650 | 1,500 | 2,150 | 35 | 80 | 115 | ||||||||||||
CORNELL COMPANIES | — | 400 | 400 | — | 6 | 6 | ||||||||||||
CORNERSTONE RLTY | 850 | 3,300 | 4,150 | 8 | 33 | 41 | ||||||||||||
CORPORATE EXECUTIVE BRD CO | 600 | 1,700 | 2,300 | 40 | 114 | 154 | ||||||||||||
CORPORATE OFFICE PPTYS TR | 500 | 1,900 | 2,400 | 15 | 56 | 71 | ||||||||||||
CORRECTIONAL PROP (REIT) | 561 | — | 561 | 16 | — | 16 | ||||||||||||
CORRECTIONS AMER | 400 | 1,767 | 2,167 | 16 | 71 | 87 | ||||||||||||
CORUS BANKSHARES | 500 | 1,600 | 2,100 | 24 | 77 | 101 | ||||||||||||
CORVEL | 350 | 700 | 1,050 | 9 | 19 | 28 | ||||||||||||
COST PLUS CALIF | 400 | 800 | 1,200 | 13 | 26 | 39 | ||||||||||||
COSTAR GROUP | 340 | 900 | 1,240 | 16 | 42 | 58 | ||||||||||||
COTTON STS LIFE INS CO | — | 2,100 | 2,100 | — | 42 | 42 | ||||||||||||
COURIER | 200 | — | 200 | 10 | — | 10 | ||||||||||||
COUSINS PPTYS | 610 | 2,450 | 3,060 | 18 | 74 | 92 | ||||||||||||
COVAD COMMUNICATIONS GROUP | 1,900 | 13,362 | 15,262 | 4 | 29 | 33 | ||||||||||||
COVANCE | 912 | 2,800 | 3,712 | 35 | 109 | 144 | ||||||||||||
COVENTRY HEALTH CARE | 1,304 | 3,750 | 5,054 | 69 | 199 | 268 | ||||||||||||
COX RADIO CL A | 650 | 1,400 | 2,050 | 11 | 23 | 34 | ||||||||||||
CRANE CO | 941 | 2,500 | 3,441 | 27 | 72 | 99 | ||||||||||||
CRAWFORD & CO CLASS B | 750 | — | 750 | 6 | — | 6 | ||||||||||||
CRAY | 1,910 | 4,400 | 6,310 | 9 | 21 | 30 | ||||||||||||
CREDENCE SYSTEMS | 2,200 | 3,100 | 5,300 | 20 | 28 | 48 | ||||||||||||
CREDIT ACCEPTANCE | 830 | — | 830 | 21 | — | 21 | ||||||||||||
CREE | 930 | 3,200 | 4,130 | 37 | 128 | 165 |
Page B-18
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
CRESCENT REAL ESTATE EQUITIES | 1,400 | 4,200 | 5,600 | 26 | 77 | 103 | ||||||||||||
CROMPTON | 2,900 | 4,124 | 7,024 | 34 | 49 | 83 | ||||||||||||
CROSS A T CO CL A | — | 2,800 | 2,800 | — | 14 | 14 | ||||||||||||
CROSS CTRY HEALTHCARE | 380 | 1,100 | 1,480 | 7 | 20 | 27 | ||||||||||||
CROSS TIMBERS RLTY TR | 5 | 953 | 958 | — | 38 | 38 | ||||||||||||
CROWN CASTLE INTL | 3,281 | 9,200 | 12,481 | 55 | 153 | 208 | ||||||||||||
CROWN HLDGS | 2,650 | 8,200 | 10,850 | 36 | 113 | 149 | ||||||||||||
CROWN MEDIA HLDGS CL A | 1,870 | 2,700 | 4,570 | 16 | 23 | 39 | ||||||||||||
CRT PPTYS | 530 | 1,600 | 2,130 | 13 | 38 | 51 | ||||||||||||
CRYOLIFE | 50 | 2,800 | 2,850 | — | 20 | 20 | ||||||||||||
CSG SYS INTL | 900 | 2,600 | 3,500 | 17 | 49 | 66 | ||||||||||||
CSK AUTO | 900 | 2,100 | 3,000 | 15 | 35 | 50 | ||||||||||||
CSS INDUSTRIES | 200 | — | 200 | 6 | — | 6 | ||||||||||||
CT COMMUNICATIONS | — | 1,900 | 1,900 | — | 23 | 23 | ||||||||||||
CTI MOLECULAR IMAGING | 650 | 2,900 | 3,550 | 9 | 41 | 50 | ||||||||||||
CTS | 650 | 1,800 | 2,450 | 9 | 24 | 33 | ||||||||||||
CUBIC | 400 | 1,300 | 1,700 | 10 | 33 | 43 | ||||||||||||
CUBIST PHARMACEUTICALS | 700 | 2,300 | 3,000 | 8 | 27 | 35 | ||||||||||||
CUISINE SOLUTIONS | — | 4,500 | 4,500 | — | 16 | 16 | ||||||||||||
CULLEN FROST BANKERS | 850 | 2,200 | 3,050 | 41 | 107 | 148 | ||||||||||||
CULP | — | 1,600 | 1,600 | — | 11 | 11 | ||||||||||||
CUMULUS MEDIA CL A | 600 | 2,005 | 2,605 | 9 | 30 | 39 | ||||||||||||
CUNO | 290 | 700 | 990 | 17 | 42 | 59 | ||||||||||||
CURAGEN | 100 | 3,100 | 3,200 | 1 | 22 | 23 | ||||||||||||
CURTISS WRIGHT | 300 | 1,000 | 1,300 | 17 | 57 | 74 | ||||||||||||
CUTTER + BUCK | — | 1,500 | 1,500 | — | 22 | 22 | ||||||||||||
CV THERAPEUTICS | 500 | 1,900 | 2,400 | 12 | 44 | 56 | ||||||||||||
CVB FINL | 715 | 2,196 | 2,911 | 19 | 58 | 77 | ||||||||||||
CYBERONICS | 400 | 1,300 | 1,700 | 8 | 27 | 35 | ||||||||||||
CYBEROPTICS | — | 1,150 | 1,150 | — | 17 | 17 | ||||||||||||
CYMER | 700 | 1,400 | 2,100 | 21 | 41 | 62 | ||||||||||||
CYOTGEN | 175 | — | 175 | 2 | — | 2 | ||||||||||||
CYPRESS SEMICONDUCTOR | 3,850 | 5,700 | 9,550 | 45 | 67 | 112 | ||||||||||||
CYTEC INDS | 360 | 1,600 | 1,960 | 19 | 82 | 101 | ||||||||||||
CYTYC | 1,587 | 5,000 | 6,587 | 44 | 138 | 182 | ||||||||||||
D + E COMMUNICATIONS | — | 2,009 | 2,009 | — | 24 | 24 | ||||||||||||
D + K HEALTHCARE RES | — | 1,200 | 1,200 | — | 10 | 10 | ||||||||||||
D R HORTON | 3,072 | 10,013 | 13,085 | 124 | 404 | 528 | ||||||||||||
DADE BEHRING HLDGS | 400 | 1,700 | 2,100 | 22 | 95 | 117 | ||||||||||||
DAILY JOURNAL | — | 600 | 600 | — | 22 | 22 | ||||||||||||
DAKTRONICS | 300 | 1,300 | 1,600 | 7 | 32 | 39 | ||||||||||||
DANIELSON HLDG | — | 3,300 | 3,300 | — | 28 | 28 |
Page B-19
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | |||||||||||||
DATALINK | — | 1,600 | 1,600 | — | 5 | 5 | ||||||||||||
DATARAM | — | 1,150 | 1,150 | — | 7 | 7 | ||||||||||||
DATASCOPE | 380 | 900 | 1,280 | 15 | 36 | 51 | ||||||||||||
DATASTREAM SYS | — | 1,500 | 1,500 | — | 10 | 10 | ||||||||||||
DAVE + BUSTERS | — | 1,200 | 1,200 | — | 24 | 24 | ||||||||||||
DAVITA | 1,375 | 4,700 | 6,075 | 54 | 186 | 240 | ||||||||||||
DAWSON GEOPHYSICAL CO | — | 200 | 200 | — | 4 | 4 | ||||||||||||
DEAN FOODS CO | 2,060 | 6,758 | 8,818 | 68 | 223 | 291 | ||||||||||||
DEB SHOPS | 350 | — | 350 | 9 | — | 9 | ||||||||||||
DECKERS OUTDOOR | 300 | — | 300 | 14 | — | 14 | ||||||||||||
DEEP WELL OIL & GAS | 762 | — | 762 | 1 | — | 1 | ||||||||||||
DEL LABS | 57 | 551 | 608 | 2 | 19 | 21 | ||||||||||||
DEL MONTE FOODS CO | 1,850 | 8,600 | 10,450 | 20 | 95 | 115 | ||||||||||||
DELPHI FINL GROUP | 1,080 | 1,406 | 2,486 | 50 | 65 | 115 | ||||||||||||
DELTA + PINE LD CO | 800 | 1,700 | 2,500 | 22 | 46 | 68 | ||||||||||||
DELTA FINL | — | 3,100 | 3,100 | — | 32 | 32 | ||||||||||||
DELTIC TIMBER | 200 | 700 | 900 | 8 | 30 | 38 | ||||||||||||
DELUXE | 728 | 2,100 | 2,828 | 27 | 78 | 105 | ||||||||||||
DENBURY RES | 1,000 | 2,000 | 3,000 | 27 | 55 | 82 | ||||||||||||
DENDREON | 1,060 | — | 1,060 | 11 | — | 11 | ||||||||||||
DENDRITE INTL | 790 | 2,000 | 2,790 | 15 | 39 | 54 | ||||||||||||
DENTSPLY INTL | 1,100 | 3,500 | 4,600 | 62 | 197 | 259 | ||||||||||||
DEPARTMENT 56 | 1,045 | 1,400 | 2,445 | 17 | 23 | 40 | ||||||||||||
DEVCON INTL | — | 2,100 | 2,100 | — | 32 | 32 | ||||||||||||
DEVELOPERS DIVERSIFIED RLTY | 1,489 | 4,338 | 5,827 | 66 | 192 | 258 | ||||||||||||
DEVRY | 1,700 | 3,200 | 4,900 | 30 | 56 | 86 | ||||||||||||
DEX MEDIA | 2,100 | 6,200 | 8,300 | 52 | 155 | 207 | ||||||||||||
DIAGNOSTIC PRODS STK | 250 | 1,000 | 1,250 | 14 | 55 | 69 | ||||||||||||
DIAMOND OFFSHORE DRILLING | 1,800 | 5,600 | 7,400 | 72 | 224 | 296 | ||||||||||||
DIAMONDCLUSTER INTL | — | 3,650 | 3,650 | — | 52 | 52 | ||||||||||||
DIAMONDHEAD CASINO | — | 10,500 | 10,500 | — | 6 | 6 | ||||||||||||
DICKS SPORTING GOODS OC | 400 | 1,400 | 1,800 | 14 | 49 | 63 | ||||||||||||
DIEBOLD | 990 | 2,800 | 3,790 | 55 | 156 | 211 | ||||||||||||
DIGENE | 300 | 1,200 | 1,500 | 8 | 31 | 39 | ||||||||||||
DIGI INTL | — | 1,660 | 1,660 | — | 29 | 29 | ||||||||||||
DIGIMARC | — | 1,100 | 1,100 | — | 10 | 10 | ||||||||||||
DIGITAL GENERATION SYS | — | 5,200 | 5,200 | — | 7 | 7 | ||||||||||||
DIGITAL INSIGHT | 400 | 1,431 | 1,831 | 7 | 26 | 33 | ||||||||||||
DIGITAL LIGHTWAVE | — | 3,250 | 3,250 | — | 4 | 4 | ||||||||||||
DIGITAL RIV | 350 | 1,300 | 1,650 | 15 | 54 | 69 | ||||||||||||
DIGITAL THEATER SYS OC | 300 | 1,800 | 2,100 | 6 | 36 | 42 | ||||||||||||
DIGITAL VIDEO SYS | — | 5,500 | 5,500 | — | 4 | 4 |
Page B-20
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
DIGITAS | 850 | 5,292 | 6,142 | 8 | 51 | 59 | |||||||||||||
DIME CMNTY BANCORP | — | 2,100 | 2,100 | — | 38 | 38 | |||||||||||||
DIMON | — | 1,900 | 1,900 | — | 13 | 13 | |||||||||||||
DIONEX | 600 | 900 | 1,500 | 34 | 51 | 85 | |||||||||||||
DIRECTV GROUP | 20,157 | 58,979 | 79,136 | 337 | 987 | 1,324 | |||||||||||||
DISCOVERY LABS | 1,020 | — | 1,020 | 8 | — | 8 | |||||||||||||
DISCOVERY PARTNERS INTL | — | 2,300 | 2,300 | — | 11 | 11 | |||||||||||||
DITECH COMMUNICATIONS | 450 | 2,400 | 2,850 | 7 | 36 | 43 | |||||||||||||
DIVERSA | 750 | 3,450 | 4,200 | 7 | 30 | 37 | |||||||||||||
DJ ORTHOPEDICS | 490 | 1,600 | 2,090 | 10 | 34 | 44 | |||||||||||||
DOBSON COMMUNICATIONS CL A | 3,000 | 9,600 | 12,600 | 5 | 17 | 22 | |||||||||||||
DOLLAR THRIFTY AUTOMOTIVE GRP | 440 | 600 | 1,040 | 13 | 18 | 31 | |||||||||||||
DOLLAR TREE STORES | 1,250 | 5,225 | 6,475 | 36 | 150 | 186 | |||||||||||||
DOMINOS PIZZA | — | 2,900 | 2,900 | — | 52 | 52 | |||||||||||||
DONALDSON CO | 800 | 3,600 | 4,400 | 26 | 117 | 143 | |||||||||||||
DORAL FINL | 1,520 | 4,600 | 6,120 | 75 | 227 | 302 | |||||||||||||
DORCHESTER MINERALS LP | 400 | — | 400 | 10 | — | 10 | |||||||||||||
DOUBLECLICK | 1,310 | 6,192 | 7,502 | 10 | 48 | 58 | |||||||||||||
DOVER DOWNS GAMING + ENTMT | 490 | 388 | 878 | 6 | 5 | 11 | |||||||||||||
DOVER MOTORSPORTS | 700 | 3,100 | 3,800 | 4 | 18 | 22 | |||||||||||||
DOWNEY FINL | 350 | 1,200 | 1,550 | 20 | 68 | 88 | |||||||||||||
DPL | 1,842 | 5,900 | 7,742 | 46 | 148 | 194 | |||||||||||||
DREAMWORKS ANIMATION SKG CL A | 1,531 | 4,600 | 6,131 | 57 | 173 | 230 | |||||||||||||
DRESS BARN | 400 | 2,000 | 2,400 | 7 | 35 | 42 | |||||||||||||
DREW INDS | 200 | 1,200 | 1,400 | 7 | 43 | 50 | |||||||||||||
DRIL QUIP | — | 1,400 | 1,400 | — | 34 | 34 | |||||||||||||
DRS TECHNOLOGIES | 550 | 701 | 1,251 | 23 | 30 | 53 | |||||||||||||
DRUGSTORE | 1,750 | 5,500 | 7,250 | 6 | 19 | 25 | |||||||||||||
DSP GROUP | 490 | 1,500 | 1,990 | 11 | 33 | 44 | |||||||||||||
DST SYS | 1,223 | 3,540 | 4,763 | 64 | 185 | 249 | |||||||||||||
DUCO | — | 2,200 | 2,200 | — | 21 | 21 | |||||||||||||
DUCOMMUN | — | 700 | 700 | — | 15 | 15 | |||||||||||||
DUKE RLTY | 2,071 | 6,190 | 8,261 | 71 | 211 | 282 | |||||||||||||
DUN + BRADSTREET | 1,000 | 3,200 | 4,200 | 60 | 191 | 251 | |||||||||||||
DUPONT PHOTOMASKS | 450 | 1,100 | 1,550 | 12 | 29 | 41 | |||||||||||||
DUQUESNE LT HLDGS | 1,500 | 3,000 | 4,500 | 28 | 57 | 85 | |||||||||||||
DURA AUTOMOTIVE SYS | — | 1,300 | 1,300 | — | 14 | 14 | |||||||||||||
DURATEK | — | 1,600 | 1,600 | — | 40 | 40 | |||||||||||||
DYAX | 550 | 1,700 | 2,250 | 4 | 12 | 16 | |||||||||||||
DYCOM INDS | 500 | 2,233 | 2,733 | 15 | 68 | 83 | |||||||||||||
E VENTURES | — | 2,500 | 2,500 | — | 30 | 30 | |||||||||||||
E PIPHANY | 1,100 | 5,640 | 6,740 | 5 | 27 | 32 |
Page B-21
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
EAGLE HOSPITALITY PPTYS TR | — | 2,000 | 2,000 | — | 21 | 21 | |||||||||||||
EAGLE MATLS | 500 | 800 | 1,300 | 43 | 69 | 112 | |||||||||||||
EARTHLINK | 4,020 | 7,720 | 11,740 | 46 | 89 | 135 | |||||||||||||
EAST WEST BANCORP | 700 | 2,200 | 2,900 | 29 | 92 | 121 | |||||||||||||
EASTGROUP PPTYS | 350 | 1,000 | 1,350 | 13 | 38 | 51 | |||||||||||||
EATON VANCE | 983 | 3,100 | 4,083 | 51 | 162 | 213 | |||||||||||||
EBIX | — | 800 | 800 | — | 12 | 12 | |||||||||||||
ECHELON OC | 400 | 2,800 | 3,200 | 3 | 24 | 27 | |||||||||||||
ECHOSTAR COMMUNICATIONS NCL A | 3,120 | 9,600 | 12,720 | 104 | 319 | 423 | |||||||||||||
ECLIPSYS | 600 | 1,800 | 2,400 | 12 | 37 | 49 | |||||||||||||
ECOLOGY + ENVIRONMENT CL A | — | 1,900 | 1,900 | — | 15 | 15 | |||||||||||||
EDAC TECHNOLOGIES | — | 4,500 | 4,500 | — | 8 | 8 | |||||||||||||
EDEN BIOSCIENCE . | 50 | — | 50 | — | — | — | |||||||||||||
EDGE PETE | — | 2,000 | 2,000 | — | 29 | 29 | |||||||||||||
EDGEWATER TECHNOLOGY | — | 3,967 | 3,967 | — | 19 | 19 | |||||||||||||
EDO | 510 | 1,200 | 1,710 | 16 | 38 | 54 | |||||||||||||
EDUCATION MGMT | 1,062 | 3,100 | 4,162 | 35 | 102 | 137 | |||||||||||||
EDUCATIONAL DEV | — | 300 | 300 | — | 3 | 3 | |||||||||||||
EDWARDS A G | 880 | 3,400 | 4,280 | 38 | 147 | 185 | |||||||||||||
EDWARDS LIFESCIENCES | 1,350 | 2,800 | 4,150 | 56 | 116 | 172 | |||||||||||||
EFUNDS | 650 | 1,800 | 2,450 | 16 | 43 | 59 | |||||||||||||
EGL | 1,330 | 2,200 | 3,530 | 40 | 66 | 106 | |||||||||||||
EL PASO ELEC CO | 900 | 2,200 | 3,100 | 17 | 42 | 59 | |||||||||||||
ELECTRO RENT | — | 1,700 | 1,700 | — | 24 | 24 | |||||||||||||
ELECTRO SCIENTIFIC INDS | 600 | 1,300 | 1,900 | 12 | 26 | 38 | |||||||||||||
ELECTROGLAS | — | 2,400 | 2,400 | — | 11 | 11 | |||||||||||||
ELECTRONIC CLEARING HOUSE | — | 1,200 | 1,200 | — | 11 | 11 | |||||||||||||
ELECTRONICS BOUTIQUE HLDGS | 460 | 900 | 1,360 | 20 | 39 | 59 | |||||||||||||
ELETRONICS FOR IMAGING | 1,100 | 2,300 | 3,400 | 19 | 40 | 59 | |||||||||||||
ELIZABETH ARDEN | 350 | 1,600 | 1,950 | 8 | 38 | 46 | |||||||||||||
ELKCORP | 280 | 1,000 | 1,280 | 10 | 34 | 44 | |||||||||||||
EMAK WORLDWIDE | — | 800 | 800 | — | 8 | 8 | |||||||||||||
EMBARCADERO TECH | — | 2,600 | 2,600 | — | 24 | 24 | |||||||||||||
EMC INS GROUP | 803 | — | 803 | 17 | — | 17 | |||||||||||||
EMCOR GROUP | 440 | 800 | 1,240 | 20 | 36 | 56 | |||||||||||||
EMCORE | — | 3,200 | 3,200 | — | 11 | 11 | |||||||||||||
EMERSON RADIO | — | 2,700 | 2,700 | — | 10 | 10 | |||||||||||||
EMISPHERE TECHNOLOGIES | — | 1,900 | 1,900 | — | 8 | 8 | |||||||||||||
EMMIS COMMUNICATIONS CL A | 760 | 2,600 | 3,360 | 15 | 50 | 65 | |||||||||||||
EMPIRE DIST ELEC CO | 360 | 1,600 | 1,960 | 8 | 36 | 44 | |||||||||||||
EMPIRE RESORTS | 550 | — | 550 | 6 | — | 6 | |||||||||||||
EMS TECHNOLOGIES | — | 400 | 400 | — | 7 | 7 |
Page B-22
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
EMULEX | 2,220 | 3,420 | 5,640 | 37 | 58 | 95 | |||||||||||||
ENBRIDGE ENERGY MGMT | 156 | — | 156 | 8 | — | 8 | |||||||||||||
ENCOMPASS SERVICES | 1,000 | — | 1,000 | — | — | — | |||||||||||||
ENCORE AQUISITION CO | 850 | 1,100 | 1,950 | 30 | 38 | 68 | |||||||||||||
ENCORE CAP GROUP | 500 | 2,100 | 2,600 | 12 | 50 | 62 | |||||||||||||
ENCORE WIRE | 375 | 2,200 | 2,575 | 5 | 29 | 34 | |||||||||||||
ENCYSIVE PHARMACEUTICALS | — | 4,000 | 4,000 | — | 40 | 40 | |||||||||||||
ENDO PHARMACEUTICALS HLDGS | 1,919 | 5,700 | 7,619 | 40 | 120 | 160 | |||||||||||||
ENDWAVE | — | 600 | 600 | — | 10 | 10 | |||||||||||||
ENERGEN | 410 | 1,300 | 1,710 | 24 | 77 | 101 | |||||||||||||
ENERGIZER HLDGS | 1,150 | 3,400 | 4,550 | 57 | 169 | 226 | |||||||||||||
ENERGY CONVERSION DEVICES | — | 1,800 | 1,800 | — | 35 | 35 | |||||||||||||
ENERGY EAST | 2,050 | 6,100 | 8,150 | 55 | 163 | 218 | |||||||||||||
ENERGY PARTNERS LTD OC | 550 | 1,800 | 2,350 | 11 | 36 | 47 | |||||||||||||
ENERGYSOUTH | — | 850 | 850 | — | 24 | 24 | |||||||||||||
ENESCO GROUP | — | 1,800 | 1,800 | — | 15 | 15 | |||||||||||||
ENGINEERED SUPPORT SYS | 255 | 1,075 | 1,330 | 15 | 64 | 79 | |||||||||||||
ENGLOBAL | — | 2,000 | 2,000 | — | 6 | 6 | |||||||||||||
ENNIS | 1,057 | 1,400 | 2,457 | 20 | 27 | 47 | |||||||||||||
ENPRO INDS | 350 | 1,800 | 2,150 | 10 | 53 | 63 | |||||||||||||
ENSCO INTL | 2,090 | 5,900 | 7,990 | 66 | 187 | 253 | |||||||||||||
ENTEGRIS | 1,290 | 3,300 | 4,590 | 13 | 33 | 46 | |||||||||||||
ENTERASYS NETWORKS | 5,920 | 11,500 | 17,420 | 11 | 21 | 32 | |||||||||||||
ENTERCOM COMMUNICATIONS | 450 | 2,300 | 2,750 | 16 | 83 | 99 | |||||||||||||
ENTERPRISE PRODS PARTNERS L P UNIT | 5,266 | 15,300 | 20,566 | 136 | 396 | 532 | |||||||||||||
ENTERTAINMENT PPTYS TR SH BEN INT | 380 | 1,300 | 1,680 | 17 | 58 | 75 | |||||||||||||
ENTRAVISION | 1,000 | 3,844 | 4,844 | 8 | 32 | 40 | |||||||||||||
ENTREMED | — | 1,600 | 1,600 | — | 5 | 5 | |||||||||||||
ENTRUST | — | 2,500 | 2,500 | — | 9 | 9 | |||||||||||||
ENVIROMENTAL TECTONICS | — | 400 | 400 | — | 2 | 2 | |||||||||||||
ENZO BIOCHEM | 766 | 2,119 | 2,885 | 15 | 41 | 56 | |||||||||||||
ENZON PHARMACEUTICALS | 1,290 | 2,070 | 3,360 | 18 | 28 | 46 | |||||||||||||
EON LABS | 1,292 | 4,000 | 5,292 | 35 | 108 | 143 | |||||||||||||
EPICOR SOFTWARE | 600 | 4,000 | 4,600 | 8 | 56 | 64 | |||||||||||||
EPIQ SYS | — | 1,000 | 1,000 | — | 15 | 15 | |||||||||||||
EPIX PHARMACEUTICALS | 300 | 1,500 | 1,800 | 5 | 27 | 32 | |||||||||||||
EPLUS | — | 300 | 300 | — | 4 | 4 | |||||||||||||
EQUINIX | 360 | — | 360 | 15 | — | 15 | |||||||||||||
EQUITABLE RES | 880 | 2,600 | 3,480 | 53 | 158 | 211 | |||||||||||||
EQUITY INNS | 850 | 3,500 | 4,350 | 10 | 41 | 51 | |||||||||||||
EQUITY LIFESTYLE PPTYS | 370 | 1,100 | 1,470 | 13 | 39 | 52 | |||||||||||||
EQUITY ONE | 2,440 | 3,500 | 5,940 | 58 | 83 | 141 |
Page B-23
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
ERESEARCHTECHNOLOGY | 630 | 2,250 | 2,880 | 10 | 36 | 46 | |||||||||||||
ERIE INDTY CO CL A | 900 | 2,700 | 3,600 | 47 | 142 | 189 | |||||||||||||
ESCO TECHNOLOGIES | 220 | 700 | 920 | 17 | 54 | 71 | |||||||||||||
ESPEED CL A | 600 | 2,200 | 2,800 | 7 | 27 | 34 | |||||||||||||
ESS TECHNOLOGY | 650 | 2,300 | 2,950 | 5 | 16 | 21 | |||||||||||||
ESSEX PROPERTY TRUST | 650 | 1,100 | 1,750 | 54 | 92 | 146 | |||||||||||||
ESTERLINE TECHNOLOGIES | 290 | 900 | 1,190 | 9 | 29 | 38 | |||||||||||||
ETHAN ALLEN INTERIORS | 700 | 1,500 | 2,200 | 28 | 60 | 88 | |||||||||||||
EURONET WORLDWIDE | 350 | — | 350 | 9 | — | 9 | |||||||||||||
EVANS + SUTHERLAND PUTER | — | 600 | 600 | — | 4 | 4 | |||||||||||||
EVCI CAREER COLLEGES | — | 1,600 | 1,600 | — | 15 | 15 | |||||||||||||
EVOLVING SYS | — | 1,300 | 1,300 | — | 6 | 6 | |||||||||||||
EXABYTE | — | 3,900 | 3,900 | — | 2 | 2 | |||||||||||||
EXACT SCIENCES | — | 4,000 | 4,000 | — | 15 | 15 | |||||||||||||
EXACTECH | — | 900 | 900 | — | 16 | 16 | |||||||||||||
EXAR | 1,550 | 1,800 | 3,350 | 22 | 26 | 48 | |||||||||||||
EXCEL TECHNOLOGY | — | 900 | 900 | — | 23 | 23 | |||||||||||||
EXELIXIS | 1,490 | 2,600 | 4,090 | 14 | 25 | 39 | |||||||||||||
EXODUS M | 550 | — | 550 | — | — | — | |||||||||||||
EXPEDITORS INTL WA | 1,400 | 4,400 | 5,800 | 78 | 246 | 324 | |||||||||||||
EXPRESSJET HOLDINGS | 960 | 3,000 | 3,960 | 12 | 39 | 51 | |||||||||||||
EXTREME NETWORKS | 3,800 | 5,950 | 9,750 | 25 | 39 | 64 | |||||||||||||
EXX CL A | — | 1,400 | 1,400 | — | 2 | 2 | |||||||||||||
EYETECH PHARMACEUTICALS | 606 | 2,000 | 2,606 | 28 | 91 | 119 | |||||||||||||
F N B N C | — | 700 | 700 | — | 14 | 14 | |||||||||||||
F N B PA | 1,441 | 1,836 | 3,277 | 29 | 37 | 66 | |||||||||||||
F5 NETWORKS | 350 | 1,700 | 2,050 | 17 | 83 | 100 | |||||||||||||
FACTSET RESH SYS | 1,100 | 1,300 | 2,400 | 64 | 76 | 140 | |||||||||||||
FAIR ISAAC CORPORATION | 1,480 | 3,005 | 4,485 | 54 | 110 | 164 | |||||||||||||
FAIRCHILD SEMICONDUCTOR INTL CL A | 3,400 | 5,310 | 8,710 | 55 | 86 | 141 | |||||||||||||
FAMOUS DAVES AMER | — | 3,000 | 3,000 | — | 38 | 38 | |||||||||||||
FARMER BROS CO | 500 | 1,200 | 1,700 | 12 | 29 | 41 | |||||||||||||
FARMERS CAP BK | — | 700 | 700 | — | 29 | 29 | |||||||||||||
FASTENAL CO | 1,050 | 3,100 | 4,150 | 65 | 191 | 256 | |||||||||||||
FBL FINL GROUP CL A | 510 | 1,532 | 2,042 | 15 | 44 | 59 | |||||||||||||
FEDERAL AGRIC MTG CL A | 400 | 700 | 1,100 | 7 | 12 | 19 | |||||||||||||
FEDERAL RLTY INVT TR SH BEN INT | 500 | 2,300 | 2,800 | 26 | 119 | 145 | |||||||||||||
FEDERAL SIGNAL | 800 | 2,200 | 3,000 | 14 | 39 | 53 | |||||||||||||
FEI CO | 850 | 1,400 | 2,250 | 18 | 29 | 47 | |||||||||||||
FELCOR LODGING TR | 1,100 | 2,400 | 3,500 | 16 | 35 | 51 | |||||||||||||
FERRO | 660 | 1,800 | 2,460 | 15 | 42 | 57 | |||||||||||||
FIBERMARK | — | 1,800 | 1,800 | — | — | — |
Page B-24
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
FIDELITY BANKSHARES | 330 | — | 330 | 14 | — | 14 | |||||||||||||
FIDELITY NATL FINL | 2,261 | 7,250 | 9,511 | 103 | 331 | 434 | |||||||||||||
FILENET | 450 | 1,700 | 2,150 | 12 | 44 | 56 | |||||||||||||
FINANCIAL FED | 410 | 700 | 1,110 | 16 | 27 | 43 | |||||||||||||
FINANCIAL INDS | — | 800 | 800 | — | 6 | 6 | |||||||||||||
FIND SVP | — | 3,000 | 3,000 | — | 5 | 5 | |||||||||||||
FINDWHAT.COM | 350 | — | 350 | 6 | — | 6 | |||||||||||||
FINISAR | 7,280 | 11,900 | 19,180 | 17 | 27 | 44 | |||||||||||||
FINISH LINE CL A | 840 | 1,900 | 2,740 | 15 | 35 | 50 | |||||||||||||
FINLAY ENTERPRISES | — | 700 | 700 | — | 14 | 14 | |||||||||||||
FIRST AMERICAN | 1,810 | 3,600 | 5,410 | 64 | 127 | 191 | |||||||||||||
FIRST BANCORP NC | 375 | — | 375 | 10 | — | 10 | |||||||||||||
FIRST BANCORP P R | 700 | 2,000 | 2,700 | 44 | 127 | 171 | |||||||||||||
FIRST BUSE CL A | 375 | 1,500 | 1,875 | 8 | 31 | 39 | |||||||||||||
FIRST CASH FINANCIAL SERVICES | 350 | 1,800 | 2,150 | 9 | 48 | 57 | |||||||||||||
FIRST CHARTER | 600 | 1,400 | 2,000 | 16 | 37 | 53 | |||||||||||||
FIRST CMNTY BANCORP CALIF | 350 | 600 | 950 | 15 | 26 | 41 | |||||||||||||
FIRST CONSULTING GROUP | — | 2,700 | 2,700 | — | 16 | 16 | |||||||||||||
FIRST CTZNS BANCSHARES N C | 100 | 400 | 500 | 15 | 59 | 74 | |||||||||||||
FIRST FED BANCORP OHIO | — | 1,300 | 1,300 | — | 17 | 17 | |||||||||||||
FIRST FED BANCSHARES ARK | — | 1,500 | 1,500 | — | 33 | 33 | |||||||||||||
FIRST FIN CORP/INDIANA | 250 | — | 250 | 9 | — | 9 | |||||||||||||
FIRST FINANCIAL HLDG | 250 | — | 250 | 8 | — | 8 | |||||||||||||
FIRST FINL BANCORP | 1,070 | 2,402 | 3,472 | 19 | 42 | 61 | |||||||||||||
FIRST FINL BANKSHARES | 360 | 712 | 1,072 | 16 | 32 | 48 | |||||||||||||
FIRST HEALTH GROUP | 2,190 | 3,800 | 5,990 | 41 | 71 | 112 | |||||||||||||
FIRST HORIZON PHARMACEUTICAL | 810 | 1,800 | 2,610 | 19 | 41 | 60 | |||||||||||||
FIRST IND | — | 808 | 808 | — | 18 | 18 | |||||||||||||
FIRST INDL RLTY TR | 1,200 | 1,900 | 3,100 | 49 | 77 | 126 | |||||||||||||
FIRST LONG IS | 300 | 450 | 750 | 15 | 23 | 38 | |||||||||||||
FIRST M+F | — | 500 | 500 | — | 17 | 17 | |||||||||||||
FIRST MARBLEHEAD | 750 | 2,700 | 3,450 | 42 | 152 | 194 | |||||||||||||
FIRST MERCHANTS | 300 | 1,283 | 1,583 | 8 | 36 | 44 | |||||||||||||
FIRST MIDWEST BANCORP | 1,337 | 2,056 | 3,393 | 49 | 75 | 124 | |||||||||||||
FIRST NATL BANKSHARES FL | 1,072 | 1,891 | 2,963 | 26 | 45 | 71 | |||||||||||||
FIRST NIAGARA FINL GROUP | 1,130 | 3,871 | 5,001 | 16 | 54 | 70 | |||||||||||||
FIRST OAK BROOK BANCSHRS | 250 | — | 250 | 8 | — | 8 | |||||||||||||
FIRST PL FINL | — | 1,749 | 1,749 | — | 39 | 39 | |||||||||||||
FIRST REP BK SAN FRANCISCO CA | 320 | 850 | 1,170 | 17 | 45 | 62 | |||||||||||||
FIRST UNITED | — | 800 | 800 | — | 17 | 17 | |||||||||||||
FIRST WLTH FINL CORP PA | 1,000 | 3,200 | 4,200 | 15 | 49 | 64 | |||||||||||||
FIRSTFED FINL | 320 | 800 | 1,120 | 17 | 41 | 58 |
Page B-25
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
FIRSTMERIT | 1,235 | 3,900 | 5,135 | 35 | 111 | 146 | |||||||||||||
FISHER COMMUNICATIONS | 250 | 500 | 750 | 12 | 24 | 36 | |||||||||||||
FIVE STAR QUALITY CARE | — | 2,300 | 2,300 | — | 19 | 19 | |||||||||||||
FLAGSTAR BANCORP | 1,250 | 2,750 | 4,000 | 28 | 62 | 90 | |||||||||||||
FLEETWOOD ENTERPRISES | 1,003 | 2,500 | 3,503 | 14 | 34 | 48 | |||||||||||||
FLEXSTEEL INDS | — | 900 | 900 | — | 16 | 16 | |||||||||||||
FLIR SYS | 650 | 1,400 | 2,050 | 41 | 89 | 130 | |||||||||||||
FLORIDA EAST COAST IND | 350 | 1,400 | 1,750 | 16 | 63 | 79 | |||||||||||||
FLORIDA PUB UTILS CO | — | 1,033 | 1,033 | — | 20 | 20 | |||||||||||||
FLORIDA ROCK INDS | 450 | 1,825 | 2,275 | 27 | 109 | 136 | |||||||||||||
FLOWERS CL A | 1,868 | 3,700 | 5,568 | 16 | 31 | 47 | |||||||||||||
FLOWERS FOODS | 1,150 | 1,710 | 2,860 | 36 | 54 | 90 | |||||||||||||
FLOWSERVE | 960 | 2,500 | 3,460 | 26 | 69 | 95 | |||||||||||||
FLUSHING FINL | 450 | 1,575 | 2,025 | 9 | 32 | 41 | |||||||||||||
FLYI | — | 4,100 | 4,100 | — | 7 | 7 | |||||||||||||
FMC | 400 | 1,500 | 1,900 | 19 | 72 | 91 | |||||||||||||
FMC TECHNOLOGIES | 950 | 2,800 | 3,750 | 31 | 90 | 121 | |||||||||||||
FOAMEX INTL | — | 1,700 | 1,700 | — | 6 | 6 | |||||||||||||
FOOD TECHNOLOGY SVC | — | 3,700 | 3,700 | — | 5 | 5 | |||||||||||||
FOOT LOCKER | 2,117 | 6,400 | 8,517 | 57 | 172 | 229 | |||||||||||||
FOREST CITY ENTERPRISES | 535 | 2,200 | 2,735 | 31 | 127 | 158 | |||||||||||||
FOREST OIL | 1,600 | 2,500 | 4,100 | 51 | 79 | 130 | |||||||||||||
FORMFACTOR | 400 | — | 400 | 11 | — | 11 | |||||||||||||
FORRESTER RESH | 400 | 1,900 | 2,300 | 7 | 34 | 41 | |||||||||||||
FORWARD AIR | 390 | 1,200 | 1,590 | 17 | 54 | 71 | |||||||||||||
FORWARD INDS NY | — | 2,300 | 2,300 | — | 10 | 10 | |||||||||||||
FOSSIL | 1,050 | 3,087 | 4,137 | 27 | 79 | 106 | |||||||||||||
FOUNDRY NETWORKS | 3,860 | 5,550 | 9,410 | 51 | 73 | 124 | |||||||||||||
FOX ENTMT GROUP CL A | 6,216 | 18,100 | 24,316 | 194 | 566 | 760 | |||||||||||||
FPIC INS GROUP | — | 900 | 900 | — | 32 | 32 | |||||||||||||
FRANKLIN BANK CORP/HOUSTO | 450 | — | 450 | 8 | — | 8 | |||||||||||||
FRANKLIN COVEY CO | — | 2,900 | 2,900 | — | 7 | 7 | |||||||||||||
FRANKLIN ELEC | 400 | 800 | 1,200 | 17 | 34 | 51 | |||||||||||||
FREDS CL A | 490 | 1,525 | 2,015 | 9 | 27 | 36 | |||||||||||||
FREESCALE SEMICONDUCTOR CL A | — | 4,400 | 4,400 | — | 78 | 78 | |||||||||||||
FREMONT GEN | 1,600 | 3,500 | 5,100 | 40 | 88 | 128 | |||||||||||||
FRESH BRANDS | — | 800 | 800 | — | 6 | 6 | |||||||||||||
FRESH DEL MONTE PRODUCE | 1,800 | 2,500 | 4,300 | 53 | 74 | 127 | |||||||||||||
FRIEDMAN BILLINGS RAMSEY GROUP CL A | 2,078 | 6,125 | 8,203 | 40 | 119 | 159 | |||||||||||||
FRISCHS RESTAURANTS | — | 800 | 800 | — | 19 | 19 | |||||||||||||
FRONTIER AIRLS | 750 | 2,450 | 3,200 | 9 | 28 | 37 | |||||||||||||
FRONTIER FINL WA CDT | 400 | 1,200 | 1,600 | 15 | 46 | 61 |
Page B-26
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
FRONTIER OIL | 400 | 1,600 | 2,000 | 11 | 43 | 54 | |||||||||||||
FSI INTL | — | 2,200 | 2,200 | — | 10 | 10 | |||||||||||||
FTI CONSULTING | 1,045 | 1,450 | 2,495 | 22 | 31 | 53 | |||||||||||||
FUELCELL ENERGY | 650 | 3,000 | 3,650 | 6 | 30 | 36 | |||||||||||||
FULLER H B CO | 400 | 1,120 | 1,520 | 11 | 32 | 43 | |||||||||||||
FULTON FINL PA | 2,029 | 5,468 | 7,497 | 47 | 127 | 174 | |||||||||||||
FURNITURE BRANDS INTL | 630 | 2,300 | 2,930 | 16 | 58 | 74 | |||||||||||||
G + K SERVICES CL A | 1,570 | 800 | 2,370 | 68 | 35 | 103 | |||||||||||||
GABELLI ASSET MGMT CL A | 150 | 1,300 | 1,450 | 7 | 63 | 70 | |||||||||||||
GABLES RESIDENTIAL TR SH BEN INT | 750 | 1,300 | 2,050 | 27 | 47 | 74 | |||||||||||||
GALLAGHER ARTHUR J + CO | 1,260 | 4,100 | 5,360 | 41 | 133 | 174 | |||||||||||||
GAMESTOP | 450 | — | 450 | 10 | — | 10 | |||||||||||||
GAMESTOP CL B | — | 1,274 | 1,274 | — | 29 | 29 | |||||||||||||
GAMING PARTNERS INTL | — | 600 | 600 | — | 12 | 12 | |||||||||||||
GANDER MOUNTAIN CO | 300 | — | 300 | 4 | — | 4 | |||||||||||||
GARDNER DENVER MACHINERY | 300 | — | 300 | 11 | — | 11 | |||||||||||||
GARTNER GROUP CL B | — | 4,700 | 4,700 | — | 58 | 58 | |||||||||||||
GARTNER GROUP CLASS A | 2,650 | — | 2,650 | 33 | — | 33 | |||||||||||||
GATX | 1,700 | 1,600 | 3,300 | 50 | 47 | 97 | |||||||||||||
GAYLORD ENTMT CO | 400 | 1,700 | 2,100 | 17 | 71 | 88 | |||||||||||||
GEMSTAR TV GUIDE INTL | 6,165 | 19,800 | 25,965 | 36 | 117 | 153 | |||||||||||||
GEN PROBE | 1,320 | 2,200 | 3,520 | 60 | 99 | 159 | |||||||||||||
GENAERA | — | 5,200 | 5,200 | — | 18 | 18 | |||||||||||||
GENCORP | 1,110 | 2,800 | 3,910 | 21 | 52 | 73 | |||||||||||||
GENE LOGIC | — | 3,160 | 3,160 | — | 12 | 12 | |||||||||||||
GENENCOR INTL | 710 | 2,600 | 3,310 | 12 | 43 | 55 | |||||||||||||
GENENTECH | 15,282 | 44,540 | 59,822 | 832 | 2,425 | 3,257 | |||||||||||||
GENERAL BINDING | — | 1,300 | 1,300 | — | 17 | 17 | |||||||||||||
GENERAL COMMUNICATION CL A | 2,270 | 2,300 | 4,570 | 25 | 25 | 50 | |||||||||||||
GENERAL GROWTH PPTYS | 2,900 | 8,400 | 11,300 | 105 | 304 | 409 | |||||||||||||
GENERAL MARITIME SHS | 590 | 1,700 | 2,290 | 24 | 68 | 92 | |||||||||||||
GENERALE CABLE | 600 | 3,500 | 4,100 | 8 | 48 | 56 | |||||||||||||
GENESCO | 300 | 1,400 | 1,700 | 9 | 44 | 53 | |||||||||||||
GENESEE + WYO CL A | — | 1,512 | 1,512 | — | 43 | 43 | |||||||||||||
GENESIS HEALTHCARE | 720 | 750 | 1,470 | 25 | 26 | 51 | |||||||||||||
GENESIS MICROCHIP | 500 | 1,500 | 2,000 | 8 | 24 | 32 | |||||||||||||
GENLYTE GROUP | 200 | 600 | 800 | 17 | 51 | 68 | |||||||||||||
GENTA | 770 | — | 770 | 1 | — | 1 | |||||||||||||
GENTEX | 1,080 | 3,000 | 4,080 | 40 | 111 | 151 | |||||||||||||
GENTIVA HEALTH SVCS | 400 | 1,650 | 2,050 | 7 | 28 | 35 | |||||||||||||
GENWORTH FINL CL A | 7,127 | 20,900 | 28,027 | 192 | 564 | 756 | |||||||||||||
GENZYME GEN DIV | 257 | 936 | 1,193 | 15 | 54 | 69 |
Page B-27
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
GEO GROUP | — | 1,100 | 1,100 | — | 29 | 29 | |||||||||||||
GEORESOURCES | — | 3,100 | 3,100 | — | 9 | 9 | |||||||||||||
GEORGIA GULF | 550 | 1,700 | 2,250 | 27 | 85 | 112 | |||||||||||||
GERBER SCIENTIFIC | — | 2,900 | 2,900 | — | 22 | 22 | |||||||||||||
GERMAN AMERN BANCORP | — | 1,189 | 1,189 | — | 19 | 19 | |||||||||||||
GERON | 850 | — | 850 | 7 | — | 7 | |||||||||||||
GETTY IMAGES | 800 | 2,400 | 3,200 | 55 | 165 | 220 | |||||||||||||
GETTY RLTY | 460 | 1,200 | 1,660 | 13 | 34 | 47 | |||||||||||||
GEVITY HR | 660 | — | 660 | 14 | — | 14 | |||||||||||||
GIANT GROUP LTD | — | 1,800 | 1,800 | — | 3 | 3 | |||||||||||||
GIANT INDS | — | 1,900 | 1,900 | — | 50 | 50 | |||||||||||||
GIBRALTAR INDS | 375 | 1,950 | 2,325 | 9 | 46 | 55 | |||||||||||||
GLACIER BANCORP | 475 | 1,612 | 2,087 | 16 | 55 | 71 | |||||||||||||
GLAMIS GOLD LTD | 1,903 | 5,300 | 7,203 | 33 | 91 | 124 | |||||||||||||
GLATFELTER | 800 | 1,800 | 2,600 | 12 | 28 | 40 | |||||||||||||
GLENBOROUGH RLTY TR | 540 | 1,500 | 2,040 | 11 | 32 | 43 | |||||||||||||
GLIMCHER RLTY TR | 760 | 1,300 | 2,060 | 21 | 36 | 57 | |||||||||||||
GLOBAL CROSSING LTD | 500 | — | 500 | 9 | — | 9 | |||||||||||||
GLOBAL IMAGING SYS | 350 | 1,000 | 1,350 | 14 | 40 | 54 | |||||||||||||
GLOBAL INDUSTRIES | 2,470 | 4,800 | 7,270 | 20 | 40 | 60 | |||||||||||||
GLOBAL PMT TECHNOLOGIES | — | 1,500 | 1,500 | — | 9 | 9 | |||||||||||||
GLOBAL PMTS | 1,100 | 1,780 | 2,880 | 64 | 104 | 168 | |||||||||||||
GLOBAL PWR EQUIP GROUP | — | 2,800 | 2,800 | — | 28 | 28 | |||||||||||||
GLOBAL SIGNAL | — | 2,300 | 2,300 | — | 63 | 63 | |||||||||||||
GLOBALSANTAFE CORPORATION SHS | 3,102 | 10,159 | 13,261 | 103 | 336 | 439 | |||||||||||||
GMX RES | — | 2,300 | 2,300 | — | 16 | 16 | |||||||||||||
GOLD BANC | 750 | 2,000 | 2,750 | 11 | 29 | 40 | |||||||||||||
GOLF TR AMER | — | 1,900 | 1,900 | — | 4 | 4 | |||||||||||||
GOODYS FAMILY CLOTHING | 600 | — | 600 | 5 | — | 5 | |||||||||||||
GOOGLE CL A | 3,981 | 11,500 | 15,481 | 769 | 2,2 | 21 | 2,990 | ||||||||||||
GRACE W R + CO | — | 5,400 | 5,400 | — | 73 | 73 | |||||||||||||
GRACO | 1,388 | 3,387 | 4,775 | 52 | 127 | 179 | |||||||||||||
GRAFTECH INTL LTD | 750 | 4,300 | 5,050 | 7 | 41 | 48 | |||||||||||||
GRAHAM | — | 900 | 900 | — | 13 | 13 | |||||||||||||
GRANITE CONSTR | 575 | 2,225 | 2,800 | 15 | 59 | 74 | |||||||||||||
GRANT PRIDECO | 1,787 | 5,090 | 6,877 | 36 | 102 | 138 | |||||||||||||
GRAPHIC PACKAGING | 2,050 | 8,400 | 10,450 | 15 | 60 | 75 | |||||||||||||
GREAT AMERICAN FINL RES | 840 | 2,600 | 3,440 | 15 | 45 | 60 | |||||||||||||
GREAT ATLANTIC + PAC TEA | — | 3,600 | 3,600 | — | 37 | 37 | |||||||||||||
GREAT PLAINS ENERGY | 650 | 3,200 | 3,850 | 20 | 97 | 117 | |||||||||||||
GREAT SOUTHN BANCORP | 250 | — | 250 | 9 | — | 9 | |||||||||||||
GREATER BAY BANCORP | 730 | 2,206 | 2,936 | 20 | 62 | 82 |
Page B-28
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
GREATER CMNTY BANCORP | — | 1,050 | 1,050 | — | 17 | 17 | |||||||||||||
GREEN MTN COFFEE ROASTERS | — | 800 | 800 | — | 20 | 20 | |||||||||||||
GREENBRIER COS | — | 1,200 | 1,200 | — | 41 | 41 | |||||||||||||
GREENHILL + CO | — | 1,600 | 1,600 | — | 46 | 46 | |||||||||||||
GREIF CL A | 350 | 1,100 | 1,450 | 20 | 62 | 82 | |||||||||||||
GREY GLOBAL GROUP | 60 | 70 | 130 | 66 | 77 | 143 | |||||||||||||
GREY WOLF | 5,000 | 8,200 | 13,200 | 26 | 43 | 69 | |||||||||||||
GRIFFON | 700 | 1,100 | 1,800 | 19 | 30 | 49 | |||||||||||||
GROUP 1 AUTOMOTIVE | 300 | 800 | 1,100 | 9 | 25 | 34 | |||||||||||||
GSI COMM | 900 | 3,700 | 4,600 | 16 | 66 | 82 | |||||||||||||
GTECH HLDGS | 1,320 | 4,800 | 6,120 | 34 | 125 | 159 | |||||||||||||
GUARDIAN TECHNOLOGIES INTL | — | 1,500 | 1,500 | — | 7 | 7 | |||||||||||||
GUESS | 860 | 2,100 | 2,960 | 11 | 26 | 37 | |||||||||||||
GUITAR CTR | 410 | 1,000 | 1,410 | 22 | 53 | 75 | |||||||||||||
GULF IS FABRICATION | — | 1,100 | 1,100 | — | 24 | 24 | |||||||||||||
GULFMARK OFFSHORE | — | 1,600 | 1,600 | — | 36 | 36 | |||||||||||||
GYMBOREE | 620 | 1,100 | 1,720 | 8 | 14 | 22 | |||||||||||||
HAEMONETICS MASS | 700 | 1,000 | 1,700 | 25 | 36 | 61 | |||||||||||||
HAGGAR | — | 1,000 | 1,000 | — | 23 | 23 | |||||||||||||
HAIN CELESTIAL GROUP | 500 | 1,800 | 2,300 | 10 | 37 | 47 | |||||||||||||
HANCOCK FABRICS | — | 1,100 | 1,100 | — | 11 | 11 | |||||||||||||
HANCOCK HLDG CO | 400 | 1,500 | 1,900 | 13 | 50 | 63 | |||||||||||||
HANDLEMAN CO | 400 | 1,600 | 2,000 | 9 | 34 | 43 | |||||||||||||
HANGER ORTHOPEDIC GROUP | 450 | 2,600 | 3,050 | 4 | 21 | 25 | |||||||||||||
HANMI FINANCIAL | 300 | — | 300 | 11 | — | 11 | |||||||||||||
HANOVER PRESSOR CO | 1,100 | 3,800 | 4,900 | 16 | 54 | 70 | |||||||||||||
HARBOR FL BANCSHARES | 600 | 1,400 | 2,000 | 21 | 48 | 69 | |||||||||||||
HARKEN ENERGY | — | 8,500 | 8,500 | — | 4 | 4 | |||||||||||||
HARLAND JOHN H CO | 630 | 900 | 1,530 | 23 | 32 | 55 | |||||||||||||
HARLEYSVILLE GROUP | 810 | 1,100 | 1,910 | 19 | 26 | 45 | |||||||||||||
HARLEYSVILLE NATL PA | 367 | 1,141 | 1,508 | 10 | 30 | 40 | |||||||||||||
HARMAN INTL INDS | 959 | 2,740 | 3,699 | 122 | 348 | 470 | |||||||||||||
HARMONIC | 1,270 | 3,884 | 5,154 | 11 | 32 | 43 | |||||||||||||
HARRIS | 969 | 2,700 | 3,669 | 60 | 167 | 227 | |||||||||||||
HARRIS INTERACTIVE | 1,000 | 4,300 | 5,300 | 8 | 34 | 42 | |||||||||||||
HARSCO | 530 | 1,900 | 2,430 | 30 | 106 | 136 | |||||||||||||
HARTE HANKS | 900 | 3,550 | 4,450 | 23 | 92 | 115 | |||||||||||||
HARVARD BIOSCIENCE | — | 2,600 | 2,600 | — | 12 | 12 | |||||||||||||
HARVEST NATURAL RESOURCES | 2,416 | — | 2,416 | 42 | — | 42 | |||||||||||||
HAVERTY FURNITURE COS | 450 | 1,700 | 2,150 | 8 | 31 | 39 | |||||||||||||
HAWAIIAN ELEC INDS | 1,200 | 3,000 | 4,200 | 35 | 87 | 122 | |||||||||||||
HAYEZ LEMMEREZ INTERN’L | 870 | — | 870 | 8 | — | 8 |
Page B-29
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
HCC INS HLDGS | 600 | 2,500 | 3,100 | 20 | 83 | 103 | |||||||||||||
HEADWATERS | 900 | 1,600 | 2,500 | 26 | 46 | 72 | |||||||||||||
HEALTH CARE PPTY INVS | 1,850 | 5,600 | 7,450 | 51 | 155 | 206 | |||||||||||||
HEALTH CARE REIT | 650 | 2,200 | 2,850 | 25 | 84 | 109 | |||||||||||||
HEALTH NET | 1,630 | 5,100 | 6,730 | 47 | 147 | 194 | |||||||||||||
HEALTHCARE RLTY TR | 1,200 | 2,100 | 3,300 | 49 | 85 | 134 | |||||||||||||
HEALTHEXTRAS | 500 | — | 500 | 8 | — | 8 | |||||||||||||
HEARST ARGYLE TELEVISION | 1,500 | 3,191 | 4,691 | 40 | 84 | 124 | |||||||||||||
HEARTLAND EXPRESS | 975 | 3,268 | 4,243 | 22 | 73 | 95 | |||||||||||||
HECLA MNG CO | 1,250 | 6,500 | 7,750 | 7 | 38 | 45 | |||||||||||||
HEICO CL A | — | 1,320 | 1,320 | — | 23 | 23 | |||||||||||||
HEIDRICK + STRUGGLES INTL | 558 | 800 | 1,358 | 19 | 27 | 46 | |||||||||||||
HELEN OF TROY LTD | 650 | 900 | 1,550 | 22 | 30 | 52 | |||||||||||||
HELIX TECHNOLOGY | 400 | 1,400 | 1,800 | 7 | 24 | 31 | |||||||||||||
HELMERICH AND PAYNE | 610 | 2,300 | 2,910 | 21 | 78 | 99 | |||||||||||||
HENRY JACK + ASSOC | 1,050 | 3,600 | 4,650 | 21 | 72 | 93 | |||||||||||||
HERITAGE PPTY INVT TR | 1,540 | 2,000 | 3,540 | 49 | 64 | 113 | |||||||||||||
HERSHA HOSPITALITY TR PRIORITY CL A SHS BEN INT | L A — | 2,000 | 2,000 | — | 23 | 23 | |||||||||||||
HEWITT ASSOCS CLASS A | 1,550 | 4,940 | 6,490 | 50 | 158 | 208 | |||||||||||||
HEXCEL | 700 | 3,000 | 3,700 | 10 | 44 | 54 | |||||||||||||
HI / FN | — | 409 | 409 | — | 4 | 4 | |||||||||||||
HIBBETT SPORTING GOODS | 300 | 1,312 | 1,612 | 8 | 35 | 43 | |||||||||||||
HIBERNIA CL A | 2,170 | 6,800 | 8,970 | 64 | 201 | 265 | |||||||||||||
HICKORY TECH | — | 1,200 | 1,200 | — | 13 | 13 | |||||||||||||
HIGHLAND HOSPITALITY | 700 | — | 700 | 8 | — | 8 | |||||||||||||
HIGHWOODS PPTYS | 1,940 | 2,300 | 4,240 | 54 | 64 | 118 | |||||||||||||
HILB ROGAL + HOBBS CO | 960 | 1,300 | 2,260 | 35 | 47 | 82 | |||||||||||||
HILLENBRAND INDS | 850 | 2,600 | 3,450 | 47 | 144 | 191 | |||||||||||||
HINGHAM INSTN SVGS MASS | — | 400 | 400 | — | 18 | 18 | |||||||||||||
HMS HLDGS | — | 2,000 | 2,000 | — | 18 | 18 | |||||||||||||
HNI | 580 | 2,400 | 2,980 | 25 | 103 | 128 | |||||||||||||
HOLLINGER INTERNATIONAL CL A | 1,000 | 4,000 | 5,000 | 16 | 63 | 79 | |||||||||||||
HOLLY | 400 | — | 400 | 11 | — | 11 | |||||||||||||
HOLLYWOOD ENTMT | 970 | 2,900 | 3,870 | 13 | 38 | 51 | |||||||||||||
HOLLYWOOD MEDIA | — | 1,300 | 1,300 | — | 6 | 6 | |||||||||||||
HOLOGIC ORPORATED | 350 | — | 350 | 10 | — | 10 | |||||||||||||
HOME FED BANCORP | — | 400 | 400 | — | 10 | 10 | |||||||||||||
HOME PROPERTIES | 390 | 1,500 | 1,890 | 17 | 65 | 82 | |||||||||||||
HOMESTORE | 1,650 | 8,600 | 10,250 | 5 | 26 | 31 | |||||||||||||
HOOPER HOLMES | 1,350 | 4,800 | 6,150 | 8 | 28 | 36 | |||||||||||||
HORACE MANN EDUCATORS NEW | 810 | 2,100 | 2,910 | 15 | 40 | 55 | |||||||||||||
HORIZON FINL WASH | — | 1,025 | 1,025 | — | 21 | 21 |
Page B-30
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
HORIZON OFFSHORE | — | 1,300 | 1,300 | — | 2 | 2 | |||||||||||||
HORMEL FOODS | 2,019 | 5,500 | 7,519 | 63 | 172 | 235 | |||||||||||||
HOSPITALITY PPTYS TR SH BEN INT | 950 | 3,000 | 3,950 | 44 | 138 | 182 | |||||||||||||
HOST MARRIOTT | 5,051 | 14,274 | 19,325 | 87 | 247 | 334 | |||||||||||||
HOT TOPIC | 750 | 2,450 | 3,200 | 13 | 42 | 55 | |||||||||||||
HOUSTON EXPL CO | 410 | 1,200 | 1,610 | 23 | 68 | 91 | |||||||||||||
HOVNANIAN ENTERPRISES CL A | 1,390 | 2,440 | 3,830 | 69 | 121 | 190 | |||||||||||||
HRPT PPTYS TR SH BEN INT | 4,200 | 7,700 | 11,900 | 54 | 99 | 153 | |||||||||||||
HUBBELL CLB | 650 | 2,700 | 3,350 | 34 | 141 | 175 | |||||||||||||
HUDSON CITY BANCORP | 2,520 | 8,400 | 10,920 | 93 | 309 | 402 | |||||||||||||
HUDSON RIVER BANCORP . | 610 | — | 610 | 12 | — | 12 | |||||||||||||
HUDSON TECHNOLOGIES | — | 3,800 | 3,800 | — | 3 | 3 | |||||||||||||
HUDSON UTD BANCORP | 1,250 | 2,056 | 3,306 | 49 | 81 | 130 | |||||||||||||
HUGHES SUPPLY | 1,600 | 2,200 | 3,800 | 52 | 71 | 123 | |||||||||||||
HUGOTON RTY TR TX UNIT BEN INT | 500 | 2,000 | 2,500 | 13 | 52 | 65 | |||||||||||||
HUMAN GENOME SCIENCES | 2,900 | 5,080 | 7,980 | 35 | 61 | 96 | |||||||||||||
HUNT J B TRANS SVCS | 1,176 | 3,400 | 4,576 | 53 | 152 | 205 | |||||||||||||
HURCO CO | — | 2,300 | 2,300 | — | 38 | 38 | |||||||||||||
HUTCHINSON TECHNOLOGY | 320 | 1,200 | 1,520 | 11 | 41 | 52 | |||||||||||||
HYDRIL COMPANY | 480 | 900 | 1,380 | 22 | 41 | 63 | |||||||||||||
HYPERCOM | 920 | 4,400 | 5,320 | 5 | 26 | 31 | |||||||||||||
HYPERION SOLUTIONS | 950 | 1,800 | 2,750 | 44 | 84 | 128 | |||||||||||||
I MANY | 600 | 7,500 | 8,100 | 1 | 11 | 12 | |||||||||||||
I2 TECHNOLOGIES | 900 | — | 900 | 1 | — | 1 | |||||||||||||
IAC / INTERACTIVE CORP | 10,212 | 29,911 | 40,123 | 282 | 826 | 1,108 | |||||||||||||
IBERIABANK | 150 | 500 | 650 | 10 | 33 | 43 | |||||||||||||
ICO | — | 5,500 | 5,500 | — | 17 | 17 | |||||||||||||
ICOS | 1,909 | 2,700 | 4,609 | 54 | 76 | 130 | |||||||||||||
ICT GROUP | — | 1,900 | 1,900 | — | 18 | 18 | |||||||||||||
ICU MEDICAL | 200 | 1,000 | 1,200 | 5 | 27 | 32 | |||||||||||||
IDACORP | 610 | 1,500 | 2,110 | 19 | 46 | 65 | |||||||||||||
IDENIX PHARMACEUTICALS | — | 2,400 | 2,400 | — | 41 | 41 | |||||||||||||
IDENTIX | — | 3,074 | 3,074 | — | 23 | 23 | |||||||||||||
IDEX | 570 | 2,200 | 2,770 | 23 | 89 | 112 | |||||||||||||
IDEXX LABS | 500 | 1,400 | 1,900 | 27 | 76 | 103 | |||||||||||||
IDT | — | 3,800 | 3,800 | — | 56 | 56 | |||||||||||||
IDX SYS | 750 | 1,400 | 2,150 | 26 | 48 | 74 | |||||||||||||
IGATE | — | 4,500 | 4,500 | — | 18 | 18 | |||||||||||||
IHOP | 300 | 900 | 1,200 | 13 | 38 | 51 | |||||||||||||
II VI | 300 | 1,000 | 1,300 | 13 | 42 | 55 | |||||||||||||
IKON OFFICE SOLUTIONS | 1,970 | 6,200 | 8,170 | 23 | 72 | 95 | |||||||||||||
IMAGISTICS INTL | 170 | 900 | 1,070 | 6 | 30 | 36 |
Page B-31
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
IMATION | 430 | 1,400 | 1,830 | 14 | 45 | 59 | |||||||||||||
IMCLONE SYS | 1,200 | 3,343 | 4,543 | 55 | 154 | 209 | |||||||||||||
IMMERSION | — | 1,500 | 1,500 | — | 11 | 11 | |||||||||||||
IMMUCOR | 562 | 4,050 | 4,612 | 13 | 95 | 108 | |||||||||||||
IMMUNE RESPONSE | — | 2,900 | 2,900 | — | 5 | 5 | |||||||||||||
IMMUNOGEN | 700 | 3,300 | 4,000 | 6 | 29 | 35 | |||||||||||||
IMMUNOMEDICS | — | 4,800 | 4,800 | — | 15 | 15 | |||||||||||||
IMPAC MORT HOLDINGS | 2,000 | 3,000 | 5,000 | 45 | 68 | 113 | |||||||||||||
IMPAX LABORATORIES | 600 | 2,300 | 2,900 | 10 | 37 | 47 | |||||||||||||
IMPCO TECHNOLOGIES | — | 2,900 | 2,900 | — | 22 | 22 | |||||||||||||
INAMED | 450 | 1,650 | 2,100 | 28 | 104 | 132 | |||||||||||||
INCYTE | 1,760 | 4,400 | 6,160 | 18 | 44 | 62 | |||||||||||||
INDEPENDENCE CMNTY BK CORP | 1,883 | 3,954 | 5,837 | 80 | 168 | 248 | |||||||||||||
INDEPENDENT BK | 440 | — | 440 | 13 | — | 13 | |||||||||||||
INDEPENDENT BK MASS | 250 | 1,100 | 1,350 | 8 | 37 | 45 | |||||||||||||
INDEVUS PHARMACEUTICALS | — | 3,400 | 3,400 | — | 20 | 20 | |||||||||||||
INDUS INTL | — | 2,900 | 2,900 | — | 6 | 6 | |||||||||||||
INDYMAC BANCORP | 660 | 2,600 | 3,260 | 23 | 90 | 113 | |||||||||||||
INFINITY PPTY + CAS | 400 | 1,100 | 1,500 | 14 | 39 | 53 | |||||||||||||
INFOCUS | — | 3,800 | 3,800 | — | 35 | 35 | |||||||||||||
INFONET SVCS CL B | 7,740 | 13,600 | 21,340 | 16 | 27 | 43 | |||||||||||||
INFORMATICA | 1,250 | 4,400 | 5,650 | 10 | 36 | 46 | |||||||||||||
INFORTE | — | 2,200 | 2,200 | — | 17 | 17 | |||||||||||||
INFOSPACE | 865 | 1,485 | 2,350 | 41 | 71 | 112 | |||||||||||||
INFOUSA | 1,200 | 3,100 | 4,300 | 13 | 35 | 48 | |||||||||||||
INGRAM MICRO CL A | 2,262 | 6,300 | 8,562 | 47 | 131 | 178 | |||||||||||||
INKINE PHARMACEUTICAL | — | 4,400 | 4,400 | — | 24 | 24 | |||||||||||||
INNKEEPERS USA TR | 750 | 2,600 | 3,350 | 11 | 37 | 48 | |||||||||||||
INNOTRAC | — | 2,300 | 2,300 | — | 20 | 20 | |||||||||||||
INNOVATIVE SOLUTIONS + SUPPORT | — | 1,400 | 1,400 | — | 47 | 47 | |||||||||||||
INPUT/OUTPUT | 900 | 2,900 | 3,800 | 8 | 26 | 34 | |||||||||||||
INSIGHT COMMUNICATIONS CL A | 450 | 2,900 | 3,350 | 4 | 27 | 31 | |||||||||||||
INSIGHT ENTERPRISES | 1,450 | 1,900 | 3,350 | 30 | 39 | 69 | |||||||||||||
INSIGNIA SYS | — | 700 | 700 | — | 2 | 2 | |||||||||||||
INSITUFORM TECHNOLOGIES CL A | 450 | 900 | 1,350 | 10 | 20 | 30 | |||||||||||||
INSPIRE PHAMACEUTICAL | 450 | 1,600 | 2,050 | 8 | 27 | 35 | |||||||||||||
INSTINET GROUP | 6,350 | 14,400 | 20,750 | 38 | 87 | 125 | |||||||||||||
INSURANCE AUTO AUCTIONS | — | 300 | 300 | — | 7 | 7 | |||||||||||||
INTEGRA BK | 350 | 1,300 | 1,650 | 8 | 30 | 38 | |||||||||||||
INTEGRA LIFESCIENCES | 500 | 1,200 | 1,700 | 18 | 44 | 62 | |||||||||||||
INTEGRAL SYS MD | — | 400 | 400 | — | 8 | 8 | |||||||||||||
INTEGRATED CIRCUIT SYS | 2,050 | 3,300 | 5,350 | 43 | 69 | 112 |
Page B-32
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
INTEGRATED DEVICE TECHNOLOGY | 733 | 4,700 | 5,433 | 8 | 54 | 62 | |||||||||||||
INTEGRATED SILICON SOLUTION | 500 | 2,900 | 3,400 | 4 | 24 | 28 | |||||||||||||
INTELLI CHECK | — | 400 | 400 | — | 2 | 2 | |||||||||||||
INTER PARFUMS | 300 | 1,400 | 1,700 | 5 | 22 | 27 | |||||||||||||
INTER TEL | 470 | 1,400 | 1,870 | 13 | 38 | 51 | |||||||||||||
INTERACTIVE DATA | 2,200 | 3,700 | 5,900 | 48 | 80 | 128 | |||||||||||||
INTERACTIVE INTELLIGENCE | 350 | — | 350 | 2 | — | 2 | |||||||||||||
INTERCHANGE FINL SVCS | 300 | 1,200 | 1,500 | 8 | 31 | 39 | |||||||||||||
INTERDIGITAL M | 960 | 3,000 | 3,960 | 21 | 66 | 87 | |||||||||||||
INTERFACE . CL A | 2,300 | — | 2,300 | 23 | — | 23 | |||||||||||||
INTERGRAPH | 900 | 1,800 | 2,700 | 24 | 48 | 72 | |||||||||||||
INTERGRATED ELECTRICAL SVCS | — | 2,700 | 2,700 | — | 13 | 13 | |||||||||||||
INTERLAND MINN | 115 | 2,970 | 3,085 | — | 10 | 10 | |||||||||||||
INTERLINK ELECTRS | — | 700 | 700 | — | 7 | 7 | |||||||||||||
INTERMAGNETICS GEN | 375 | 1,212 | 1,587 | 10 | 31 | 41 | |||||||||||||
INTERMUNE | 770 | 1,700 | 2,470 | 10 | 23 | 33 | |||||||||||||
INTERNAP NETWORK SVCS | 500 | 16,900 | 17,400 | — | 16 | 16 | |||||||||||||
INTERNATIONAL ASSETS HLDG | — | 1,800 | 1,800 | — | 14 | 14 | |||||||||||||
INTERNATIONAL BANCSHARES | 717 | 2,078 | 2,795 | 28 | 82 | 110 | |||||||||||||
INTERNATIONAL RECTIFIER | 720 | 2,900 | 3,620 | 32 | 129 | 161 | |||||||||||||
INTERNATIONAL SPEEDWAY CL A | 775 | 2,100 | 2,875 | 41 | 111 | 152 | |||||||||||||
INTERNATIONAL STL GROUP | 1,370 | 4,000 | 5,370 | 56 | 162 | 218 | |||||||||||||
INTERNET SEC SYS | 1,850 | 2,250 | 4,100 | 43 | 52 | 95 | |||||||||||||
INTERPHASE | — | 2,400 | 2,400 | — | 20 | 20 | |||||||||||||
INTERSIL CL A | 1,556 | 6,120 | 7,676 | 26 | 102 | 128 | |||||||||||||
INTERSTATE BAKERIES | 700 | 1,900 | 2,600 | 4 | 12 | 16 | |||||||||||||
INTERVOICE-BRITE | 500 | — | 500 | 7 | — | 7 | |||||||||||||
INTERWOVEN | 100 | 3,066 | 3,166 | 1 | 33 | 34 | |||||||||||||
INTRADO | — | 1,800 | 1,800 | — | 22 | 22 | |||||||||||||
INTROGEN THERAPEUTICS | — | 2,600 | 2,600 | — | 22 | 22 | |||||||||||||
INTUITIVE SURGICAL | 810 | 1,500 | 2,310 | 32 | 60 | 92 | |||||||||||||
INVACARE | 300 | 1,500 | 1,800 | 14 | 69 | 83 | |||||||||||||
INVERNESS MED INNOVATIONS | 460 | 1,200 | 1,660 | 12 | 30 | 42 | |||||||||||||
INVESTMENT TECHNOLOGY GROUP | 750 | 2,350 | 3,100 | 15 | 47 | 62 | |||||||||||||
INVESTORS FINL SERVICES | 965 | 2,700 | 3,665 | 48 | 135 | 183 | |||||||||||||
INVESTORS REAL ESTATE TR SH BEN INT | 750 | 3,000 | 3,750 | 8 | 31 | 39 | |||||||||||||
INVITROGEN | 767 | 2,275 | 3,042 | 51 | 153 | 204 | |||||||||||||
IOMEGA | — | 4,560 | 4,560 | — | 25 | 25 | |||||||||||||
IONICS | 300 | 700 | 1,000 | 13 | 30 | 43 | |||||||||||||
IPAYMENT | 390 | — | 390 | 19 | — | 19 | |||||||||||||
IRON MTN PA | 1,882 | 5,470 | 7,352 | 57 | 167 | 224 | |||||||||||||
IRWIN FINL | 400 | 1,500 | 1,900 | 11 | 43 | 54 |
Page B-33
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
ISIS PHARMACEUTICALS | 1,980 | — | 1,980 | 12 | — | 12 | |||||||||||||
ISLE CAPRI CASINOS | 480 | 1,100 | 1,580 | 12 | 28 | 40 | |||||||||||||
ISTAR FINL | 1,619 | 4,773 | 6,392 | 73 | 216 | 289 | |||||||||||||
ITLA CAPITAL | 384 | — | 384 | 23 | — | 23 | |||||||||||||
ITRON | 500 | 1,500 | 2,000 | 12 | 36 | 48 | |||||||||||||
ITT EDL SVCS | 1,240 | 1,900 | 3,140 | 59 | 90 | 149 | |||||||||||||
IVAX | 3,456 | 10,796 | 14,252 | 55 | 171 | 226 | |||||||||||||
IVILLAGE | — | 5,200 | 5,200 | — | 32 | 32 | |||||||||||||
IXIA | 1,200 | 3,100 | 4,300 | 20 | 52 | 72 | |||||||||||||
J + J SNACK FOODS | 270 | 700 | 970 | 13 | 34 | 47 | |||||||||||||
J JILL GROUP | 350 | 1,150 | 1,500 | 5 | 17 | 22 | |||||||||||||
J2 GLOBAL COMMUNICATIONS | 250 | 1,200 | 1,450 | 9 | 41 | 50 | |||||||||||||
JACK IN THE BOX | 400 | 1,500 | 1,900 | 15 | 55 | 70 | |||||||||||||
JACKSON HEWITT TAX SVC | — | 7,000 | 7,000 | — | 177 | 177 | |||||||||||||
JACOBS ENGR GROUP | 819 | 2,500 | 3,319 | 39 | 119 | 158 | |||||||||||||
JACUZZI BRANDS | 900 | 3,200 | 4,100 | 8 | 28 | 36 | |||||||||||||
JAKKS PAC | 400 | 1,600 | 2,000 | 9 | 35 | 44 | |||||||||||||
JARDEN | 440 | 1,250 | 1,690 | 19 | 54 | 73 | |||||||||||||
JDA SOFTWARE GROUP | — | 1,400 | 1,400 | — | 19 | 19 | |||||||||||||
JEFFRIES GROUP | 1,600 | 2,700 | 4,300 | 64 | 109 | 173 | |||||||||||||
JETBLUE AWYS | 1,000 | 4,375 | 5,375 | 23 | 102 | 125 | |||||||||||||
JLG INDS | 550 | 1,800 | 2,350 | 11 | 35 | 46 | |||||||||||||
JO-ANN STORES | 460 | — | 460 | 13 | — | 13 | |||||||||||||
JOHNSON OUTDOORS CL A | — | 700 | 700 | — | 14 | 14 | |||||||||||||
JONES LANG LASALLE | 610 | 1,500 | 2,110 | 23 | 56 | 79 | |||||||||||||
JOS A BANK CLOT | 250 | — | 250 | 7 | — | 7 | |||||||||||||
JOURNAL COMMUNICATIONS | 2,100 | 3,600 | 5,700 | 38 | 65 | 103 | |||||||||||||
JOURNAL REGISTER CO | 1,000 | 2,600 | 3,600 | 19 | 50 | 69 | |||||||||||||
JOY GLOBAL | 550 | 2,000 | 2,550 | 24 | 87 | 111 | |||||||||||||
JUNIPER NETWORKS | 7,716 | 22,530 | 30,246 | 210 | 613 | 823 | |||||||||||||
K SWISS A CL A | 400 | 2,000 | 2,400 | 12 | 58 | 70 | |||||||||||||
K V PHARMACEUTICAL COMPANY CL | 480 | 2,150 | 2,630 | 11 | 47 | 58 | |||||||||||||
K2 | 770 | 1,800 | 2,570 | 12 | 29 | 41 | |||||||||||||
KAMAN CL A | 1,461 | 1,200 | 2,661 | 18 | 15 | 33 | |||||||||||||
KANA SOFTWARE | — | 4,567 | 4,567 | — | 9 | 9 | |||||||||||||
KANSAS CITY LIFE INS CO | 180 | 500 | 680 | 9 | 24 | 33 | |||||||||||||
KANSAS CITY SOUTHERN | 1,300 | 2,600 | 3,900 | 23 | 46 | 69 | |||||||||||||
KATY INDS | — | 1,700 | 1,700 | — | 9 | 9 | |||||||||||||
KAYDON | 470 | 1,300 | 1,770 | 16 | 43 | 59 | |||||||||||||
KCS ENERGY | 650 | 4,300 | 4,950 | 10 | 64 | 74 | |||||||||||||
KEANE | 1,570 | 2,460 | 4,030 | 23 | 36 | 59 | |||||||||||||
KEITHLEY INSTRS | — | 800 | 800 | — | 16 | 16 |
Page B-34
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
KELLWOOD CO | 650 | 1,200 | 1,850 | 22 | 41 | 63 | |||||||||||||
KELLY SVCS CL A | 320 | 1,500 | 1,820 | 10 | 45 | 55 | |||||||||||||
KEMET | 1,800 | 3,500 | 5,300 | 16 | 31 | 47 | |||||||||||||
KENEB SERVICES LLC | — | 900 | 900 | — | 39 | 39 | |||||||||||||
KENNAMETAL | 900 | 1,400 | 2,300 | 45 | 70 | 115 | |||||||||||||
KENSEY NASH | 200 | 900 | 1,100 | 7 | 31 | 38 | |||||||||||||
KEY ENERGY SVCS | 3,290 | 4,700 | 7,990 | 39 | 55 | 94 | |||||||||||||
KEYNOTE | 1,473 | — | 1,473 | 21 | — | 21 | |||||||||||||
KEYSTONE AUTOMOTIVE INDS | 250 | 1,200 | 1,450 | 6 | 28 | 34 | |||||||||||||
KFORCE | — | 3,056 | 3,056 | — | 34 | 34 | |||||||||||||
KFX ORPORATED | 3,598 | — | 3,598 | 52 | — | 52 | |||||||||||||
KILROY RLTY | 620 | 1,400 | 2,020 | 27 | 60 | 87 | |||||||||||||
KIMBALL INTL CL B | 1,290 | 2,600 | 3,890 | 19 | 39 | 58 | |||||||||||||
KIMCO RLTY | 1,455 | 4,650 | 6,105 | 84 | 270 | 354 | |||||||||||||
KINDER MORGAN MGMT LLC SHS | 1,035 | 2,030 | 3,065 | 42 | 83 | 125 | |||||||||||||
KINDRED HEALTHCARE | 500 | 1,414 | 1,914 | 15 | 42 | 57 | |||||||||||||
KINETIC CONCEPTS | 950 | 2,800 | 3,750 | 72 | 214 | 286 | |||||||||||||
KIRBY | 450 | 1,200 | 1,650 | 20 | 53 | 73 | |||||||||||||
KIRLIN HOLDING | — | 800 | 800 | — | 2 | 2 | |||||||||||||
KMART HLDG CORPORATON | 1,305 | 3,900 | 5,205 | 129 | 386 | 515 | |||||||||||||
KNAPE + VOGT MFG CO | — | 1,400 | 1,400 | — | 18 | 18 | |||||||||||||
KNBT BANCORP | 700 | — | 700 | 12 | — | 12 | |||||||||||||
KNIGHT TRADING GROUP | 1,650 | 4,600 | 6,250 | 18 | 50 | 68 | |||||||||||||
KNIGHT TRANSN | 945 | 2,650 | 3,595 | 23 | 66 | 89 | |||||||||||||
KOMAG | 450 | — | 450 | 8 | — | 8 | |||||||||||||
KOPIN | — | 5,000 | 5,000 | — | 19 | 19 | |||||||||||||
KORN / FERRY INTL | 700 | 2,100 | 2,800 | 15 | 44 | 59 | |||||||||||||
KOS PHARMACEUTICALS | 850 | 1,700 | 2,550 | 32 | 64 | 96 | |||||||||||||
KOSAN BIOSCIENCES | — | 2,100 | 2,100 | — | 15 | 15 | |||||||||||||
KRAFT FOODS CL A | 24,896 | 72,600 | 97,496 | 887 | 2,585 | 3,472 | |||||||||||||
KRAMONT RLTY TR | 450 | 1,600 | 2,050 | 11 | 37 | 48 | |||||||||||||
KRISPY KREME DOUGHNUTS | 610 | 2,400 | 3,010 | 8 | 30 | 38 | |||||||||||||
KRONOS | 550 | 1,450 | 2,000 | 28 | 74 | 102 | |||||||||||||
KRONOS WORLDWIDE | 1,403 | 2,299 | 3,702 | 57 | 94 | 151 | |||||||||||||
KULICKE + SOFFA INDS | 1,060 | 3,100 | 4,160 | 9 | 27 | 36 | |||||||||||||
KVH INDS | — | 1,200 | 1,200 | — | 12 | 12 | |||||||||||||
KYPHON | 400 | 1,500 | 1,900 | 10 | 39 | 49 | |||||||||||||
LA JOLLA PHARMACEUTICAL CO | — | 4,600 | 4,600 | — | 8 | 8 | |||||||||||||
LA QUINTA CORP PAIRED CTF 1 B LA QUINTA | 4,320 | 8,100 | 12,420 | 39 | 74 | 113 | |||||||||||||
LA Z BOY | 650 | 2,600 | 3,250 | 10 | 40 | 50 | |||||||||||||
LABONE | 715 | 1,200 | 1,915 | 23 | 38 | 61 | |||||||||||||
LABOR READY | 500 | 2,200 | 2,700 | 8 | 37 | 45 |
Page B-35
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
LABRANCHE + CO | 830 | 2,600 | 3,430 | 7 | 23 | 30 | |||||||||||||
LACLEDE GROUP | 410 | 700 | 1,110 | 13 | 22 | 35 | |||||||||||||
ADISH COMPANY | — | 2,400 | 2,400 | — | 28 | 28 | |||||||||||||
LAFARGE NORTH AMERICA | 1,000 | 2,900 | 3,900 | 51 | 149 | 200 | |||||||||||||
LAIDLAW INTERNATIONAL W I | 3,190 | 4,200 | 7,390 | 68 | 90 | 158 | |||||||||||||
LAKES ENTERTAINMENT | 450 | — | 450 | 7 | — | 7 | |||||||||||||
LAM RESH | 1,870 | 5,650 | 7,520 | 54 | 163 | 217 | |||||||||||||
LAMAR ADVERTISING CO CL A | 2,250 | 3,800 | 6,050 | 96 | 163 | 259 | |||||||||||||
LANCASTER COLONY | 700 | 1,600 | 2,300 | 30 | 69 | 99 | |||||||||||||
LANCE | 710 | 1,100 | 1,810 | 14 | 21 | 35 | |||||||||||||
LANDAMERICA FINL GROUP | 200 | 800 | 1,000 | 11 | 43 | 54 | |||||||||||||
LANDAUER | — | 600 | 600 | — | 27 | 27 | |||||||||||||
LANDRYS RESTAURANTS | 400 | 1,300 | 1,700 | 12 | 38 | 50 | |||||||||||||
LANDSTAR SYS | 600 | 1,400 | 2,000 | 44 | 103 | 147 | |||||||||||||
LAS VEGAS SANDS | — | 15,000 | 15,000 | — | 720 | 720 | |||||||||||||
LASALLE HOTEL PPTYS SH BEN INT | 300 | 1,400 | 1,700 | 10 | 45 | 55 | |||||||||||||
LASERCARD CORPORATION | 650 | — | 650 | 7 | — | 7 | |||||||||||||
LASERSCOPE | 250 | — | 250 | 9 | — | 9 | |||||||||||||
LATTICE SEMICONDUCTOR | 1,600 | 5,640 | 7,240 | 9 | 32 | 41 | |||||||||||||
LAUDER ESTEE COS CL A | 1,600 | 5,200 | 6,800 | 73 | 238 | 311 | |||||||||||||
LAUREATE ED | 1,250 | 1,834 | 3,084 | 55 | 81 | 136 | |||||||||||||
LAWSON PRODS | 200 | 700 | 900 | 10 | 35 | 45 | |||||||||||||
LAWSON SOFTWARE | 1,500 | 4,400 | 5,900 | 10 | 30 | 40 | |||||||||||||
LAZARE KAPLAN INTL | — | 1,600 | 1,600 | — | 15 | 15 | |||||||||||||
LCA VISION | 450 | 1,800 | 2,250 | 11 | 42 | 53 | |||||||||||||
LEAPFROG ENTERPRISES | 790 | 2,100 | 2,890 | 11 | 29 | 40 | |||||||||||||
LEAR | 950 | 2,900 | 3,850 | 58 | 177 | 235 | |||||||||||||
LEARNING TREE INTL | 250 | 1,100 | 1,350 | 3 | 15 | 18 | |||||||||||||
LECG | 450 | — | 450 | 8 | — | 8 | |||||||||||||
LECROY | — | 500 | 500 | — | 12 | 12 | |||||||||||||
LEE ENTERPRISES | 450 | 2,100 | 2,550 | 21 | 97 | 118 | |||||||||||||
LEGG MASON | 1,350 | 4,200 | 5,550 | 99 | 308 | 407 | |||||||||||||
LENNAR CL A | 2,030 | 6,628 | 8,658 | 115 | 376 | 491 | |||||||||||||
LENNOX INTL | 990 | 2,700 | 3,690 | 20 | 55 | 75 | |||||||||||||
LESCO OHIO | — | 1,200 | 1,200 | — | 15 | 15 | |||||||||||||
LEUCADIA NATL | 980 | 3,036 | 4,016 | 68 | 211 | 279 | |||||||||||||
LEVEL 3 COMMUNICATIONS | 6,230 | 30,900 | 37,130 | 21 | 105 | 126 | |||||||||||||
LEVITT FLA CL A | 237 | 1,275 | 1,512 | 7 | 39 | 46 | |||||||||||||
LEXAR MEDIA | 590 | 4,500 | 5,090 | 5 | 35 | 40 | |||||||||||||
LEXICON GENETICS | 1,000 | 4,800 | 5,800 | 8 | 37 | 45 | |||||||||||||
LEXINGTON CORPORATE PPTY TR | 650 | 2,000 | 2,650 | 15 | 45 | 60 | |||||||||||||
LIBBEY | 300 | 900 | 1,200 | 7 | 20 | 27 |
Page B-36
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
LIBERTY SC | 250 | 800 | 1,050 | 11 | 35 | 46 | |||||||||||||
LIBERTY MEDIA SER A | 42,506 | 124,775 | 167,281 | 467 | 1,370 | 1,837 | |||||||||||||
LIBERTY MEDIA INTL SER A | 2,554 | 7,483 | 10,037 | 118 | 346 | 464 | |||||||||||||
LIBERTY PROPERTY SH BEN INT SUPP | 1,233 | 3,500 | 4,733 | 53 | 151 | 204 | |||||||||||||
LIFECORE BIOMEDICAL | — | 1,700 | 1,700 | — | 19 | 19 | |||||||||||||
LIFELINE SYS | — | 1,100 | 1,100 | — | 28 | 28 | |||||||||||||
LIFEPOINT HOSPS | 350 | 1,600 | 1,950 | 12 | 56 | 68 | |||||||||||||
LIFEWAY FOODS | — | 1,800 | 1,800 | — | 16 | 16 | |||||||||||||
LIGAND PHARMACEUTICALS CL B | 1,150 | 3,000 | 4,150 | 13 | 35 | 48 | |||||||||||||
LIGHTBRIDGE | — | 1,638 | 1,638 | — | 10 | 10 | |||||||||||||
LIN TV CL A | 640 | 1,500 | 2,140 | 12 | 29 | 41 | |||||||||||||
LINCARE HLDGS | 1,455 | 4,200 | 5,655 | 62 | 179 | 241 | |||||||||||||
LINCOLN ELEC HLDGS | 790 | 2,000 | 2,790 | 27 | 69 | 96 | |||||||||||||
LINDSAY MFG CO | — | 950 | 950 | — | 25 | 25 | |||||||||||||
LINENS N THINGS | 400 | 1,900 | 2,300 | 10 | 47 | 57 | |||||||||||||
LIPID SCIENCES | — | 2,800 | 2,800 | — | 10 | 10 | |||||||||||||
LIQUIDMETAL TECHNOLOGIES | 2,655 | — | 2,655 | 6 | — | 6 | |||||||||||||
LITHIA MTRS CL A | 300 | 1,400 | 1,700 | 8 | 38 | 46 | |||||||||||||
LITTELFUSE | 340 | 1,300 | 1,640 | 12 | 44 | 56 | |||||||||||||
LKQ | 400 | — | 400 | 8 | — | 8 | |||||||||||||
LNR PPTY | 500 | 800 | 1,300 | 31 | 50 | 81 | |||||||||||||
LO JACK | — | 1,500 | 1,500 | — | 18 | 18 | |||||||||||||
LODGENET ENTMT | — | 1,700 | 1,700 | — | 30 | 30 | |||||||||||||
LOGANSPORT FINL | — | 800 | 800 | — | 14 | 14 | |||||||||||||
LONE STAR STEAKHOUSE + SALOON | 430 | 900 | 1,330 | 12 | 25 | 37 | |||||||||||||
LONE STAR TECHNOLOGIES | 350 | 1,310 | 1,660 | 12 | 44 | 56 | |||||||||||||
LONGS DRUG STORES | 1,200 | 1,600 | 2,800 | 33 | 44 | 77 | |||||||||||||
LONGVIEW FIBRE CO WASHINGTON | 1,350 | 2,100 | 3,450 | 24 | 38 | 62 | |||||||||||||
LOOKSMART LTD | — | 11,500 | 11,500 | — | 25 | 25 | |||||||||||||
LSI INDS | — | 1,625 | 1,625 | — | 19 | 19 | |||||||||||||
LTC PROPERTIES | 450 | 2,400 | 2,850 | 9 | 48 | 57 | |||||||||||||
LTX | 1,350 | 3,100 | 4,450 | 10 | 24 | 34 | |||||||||||||
LUBRIZOL | 1,300 | 2,200 | 3,500 | 48 | 81 | 129 | |||||||||||||
LUMINEX | 700 | 2,000 | 2,700 | 6 | 18 | 24 | |||||||||||||
LYNCH INTERACTIVE | — | 700 | 700 | — | 22 | 22 | |||||||||||||
LYONDELL CHEMICAL CO | 3,534 | 10,645 | 14,179 | 102 | 308 | 410 | |||||||||||||
M.D.C. HOLDINGS | 720 | 1,504 | 2,224 | 62 | 130 | 192 | |||||||||||||
M/I SCHOTTENSTEIN HOMES | 270 | — | 270 | 15 | — | 15 | |||||||||||||
MACDERMID | 360 | 1,400 | 1,760 | 13 | 51 | 64 | |||||||||||||
MACERICH CO | 861 | 2,500 | 3,361 | 54 | 157 | 211 | |||||||||||||
MACK CA RLTY | 1,034 | 2,500 | 3,534 | 48 | 115 | 163 | |||||||||||||
MACROMEDIA | 2,030 | 2,710 | 4,740 | 63 | 84 | 147 |
Page B-37
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
MACROVISION | 610 | 1,800 | 2,410 | 16 | 46 | 62 | |||||||||||||
MADDEN STEVEN LTD | — | 1,200 | 1,200 | — | 23 | 23 | |||||||||||||
MAF BANCORP | 910 | 1,853 | 2,763 | 41 | 83 | 124 | |||||||||||||
MAGELLAN HEALTH SVCS | 800 | 1,600 | 2,400 | 27 | 55 | 82 | |||||||||||||
MAGELLAN MIDSTREAM PARTNERS LP UNIT | 250 | 1,000 | 1,250 | 15 | 59 | 74 | |||||||||||||
MAGELLAN PETE | — | 5,100 | 5,100 | — | 7 | 7 | |||||||||||||
MAGMA DESIGN AUTOMATION | 450 | 2,300 | 2,750 | 6 | 29 | 35 | |||||||||||||
MAGNETEK | — | 2,900 | 2,900 | — | 20 | 20 | |||||||||||||
MAGNUM HUNTER RESOURCES | 1,270 | 3,200 | 4,470 | 16 | 41 | 57 | |||||||||||||
MAGUIRE PPTYS | 1,180 | 1,800 | 2,980 | 32 | 49 | 81 | |||||||||||||
MAIN STR BKS | 460 | 1,000 | 1,460 | 16 | 35 | 51 | |||||||||||||
MAINE + MARITIMES | — | 100 | 100 | — | 3 | 3 | |||||||||||||
MANAGEMENT NETWORK GROUP | — | 100 | 100 | — | — | — | |||||||||||||
MANDALAY RESORT GROUP | 983 | 2,900 | 3,883 | 69 | 204 | 273 | |||||||||||||
MANHATTAN ASSOCS | 960 | 1,200 | 2,160 | 23 | 29 | 52 | |||||||||||||
MANITOWOC | 430 | 1,300 | 1,730 | 16 | 49 | 65 | |||||||||||||
MANNING GREG AUCTIONS | — | 2,300 | 2,300 | — | 28 | 28 | |||||||||||||
MANPOWER WIS | 1,312 | 3,664 | 4,976 | 63 | 177 | 240 | |||||||||||||
MANTECH INTL CL A | 400 | 1,400 | 1,800 | 9 | 33 | 42 | |||||||||||||
MANUGISTICS GROUP | — | 5,100 | 5,100 | — | 15 | 15 | |||||||||||||
MAPICS | — | 1,500 | 1,500 | — | 16 | 16 | |||||||||||||
MAPINFO | — | 1,575 | 1,575 | — | 19 | 19 | |||||||||||||
MARCUS | 450 | 1,300 | 1,750 | 11 | 33 | 44 | |||||||||||||
MARINE PRODUCTS | 400 | — | 400 | 10 | — | 10 | |||||||||||||
MARINEMAX | 460 | 800 | 1,260 | 14 | 24 | 38 | |||||||||||||
MARISA CHRISTINA | — | 2,700 | 2,700 | — | 3 | 3 | |||||||||||||
MARITRANS | — | 1,100 | 1,100 | — | 20 | 20 | |||||||||||||
MARKEL | 143 | 460 | 603 | 52 | 167 | 219 | |||||||||||||
MARKETWATCH | — | 2,200 | 2,200 | — | 40 | 40 | |||||||||||||
MARKWEST HYDROCARBON | — | 2,585 | 2,585 | — | 45 | 45 | |||||||||||||
MARSH SUPERMARKETS CL B | — | 1,500 | 1,500 | — | 18 | 18 | |||||||||||||
MARTEK BIOSCIENCES | 500 | 1,200 | 1,700 | 26 | 61 | 87 | |||||||||||||
MARTHA STEWART LIVING CL A | — | 2,100 | 2,100 | — | 61 | 61 | |||||||||||||
MARTIN MARIETTA MATLS | 500 | 2,000 | 2,500 | 27 | 107 | 134 | |||||||||||||
MARVEL ENTERPRISES | 2,615 | 4,199 | 6,814 | 54 | 86 | 140 | |||||||||||||
MASSEY ENERGY | 1,105 | 3,700 | 4,805 | 39 | 129 | 168 | |||||||||||||
MASTEC | — | 4,050 | 4,050 | — | 41 | 41 | |||||||||||||
MATRIA HEALTHCARE | — | 1,100 | 1,100 | — | 43 | 43 | |||||||||||||
MATRITECH | — | 2,600 | 2,600 | — | 3 | 3 | |||||||||||||
MATRIX BANCORP | — | 1,300 | 1,300 | — | 16 | 16 | |||||||||||||
MATRIX SVC CO | — | 2,200 | 2,200 | — | 18 | 18 | |||||||||||||
MATRIXONE | 400 | 4,200 | 4,600 | 3 | 28 | 31 |
Page B-38
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
MATTHEWS INTL CL A | 400 | 1,500 | 1,900 | 15 | 55 | 70 | |||||||||||||
MATTSON TECHNOLOGY | 1,030 | 2,913 | 3,943 | 12 | 33 | 45 | |||||||||||||
MAUI LD + PINEAPPLE | — | 600 | 600 | — | 24 | 24 | |||||||||||||
MAVERICK TUBE | 540 | 1,900 | 2,440 | 16 | 58 | 74 | |||||||||||||
MAXIM PHARMACEUTICAL | 300 | — | 300 | 1 | — | 1 | |||||||||||||
MAXIMUS | 300 | 1,200 | 1,500 | 9 | 37 | 46 | |||||||||||||
MAXTOR | 7,475 | 9,404 | 16,879 | 40 | 50 | 90 | |||||||||||||
MAXWELL TECHNOLOGIES | — | 800 | 800 | — | 8 | 8 | |||||||||||||
MAXXAM RTS | — | 1,500 | 1,500 | — | 49 | 49 | |||||||||||||
MAXYGEN | 600 | 2,500 | 3,100 | 8 | 32 | 40 | |||||||||||||
MB FINL | 300 | 1,400 | 1,700 | 13 | 59 | 72 | |||||||||||||
MCAFEE | 2,320 | 6,672 | 8,992 | 67 | 193 | 260 | |||||||||||||
MCCLATCHY CO CL A | 640 | 1,900 | 2,540 | 46 | 136 | 182 | |||||||||||||
MCDATA CORPORATION CL A | 1,320 | 4,700 | 6,020 | 8 | 28 | 36 | |||||||||||||
MCDERMOTT INTL | 850 | 2,800 | 3,650 | 16 | 51 | 67 | |||||||||||||
MCGRATH RENT | 200 | 400 | 600 | 9 | 17 | 26 | |||||||||||||
MCI | 4,150 | 12,800 | 16,950 | 84 | 258 | 342 | |||||||||||||
MCLEOD ESCROW | — | 16,412 | 16,412 | — | — | — | |||||||||||||
MCLEODUSA CL A | — | 3,461 | 3,461 | — | 2 | 2 | |||||||||||||
MDU RES GROUP | 1,711 | 4,750 | 6,461 | 46 | 127 | 173 | |||||||||||||
MEDAREX | 1,400 | 5,700 | 7,100 | 15 | 61 | 76 | |||||||||||||
MEDCATH CORPORATION | 350 | — | 350 | 9 | — | 9 | |||||||||||||
MEDIA GEN CL A | 350 | 1,000 | 1,350 | 23 | 65 | 88 | |||||||||||||
MEDIABAY | — | 3,800 | 3,800 | — | 6 | 6 | |||||||||||||
MEDIACOM COMMUNICATIONS CL A | 2,700 | 4,600 | 7,300 | 17 | 29 | 46 | |||||||||||||
MEDICAL ACTION IND | — | 1,100 | 1,100 | — | 22 | 22 | |||||||||||||
MEDICAL STAFFING NETWORK HLDGS | — | 1,300 | 1,300 | — | 11 | 11 | |||||||||||||
MEDICINES CO | 1,190 | 1,900 | 3,090 | 34 | 55 | 89 | |||||||||||||
MEDICIS PHARMACEUTICAL CL A | 1,200 | 2,400 | 3,600 | 42 | 84 | 126 | |||||||||||||
MEDIS TECHNOLOGIES LTD | 500 | 2,000 | 2,500 | 9 | 37 | 46 | |||||||||||||
MEDQUIST | 600 | 1,482 | 2,082 | 9 | 22 | 31 | |||||||||||||
MEDWAVE | — | 1,300 | 1,300 | — | 6 | 6 | |||||||||||||
MEMC ELECTR MATLS | 4,525 | 6,700 | 11,225 | 60 | 89 | 149 | |||||||||||||
MENS WEARHOUSE | 500 | 1,600 | 2,100 | 16 | 51 | 67 | |||||||||||||
MENTOR MINN | 460 | 1,800 | 2,260 | 16 | 61 | 77 | |||||||||||||
MENTOR GRAPHICS | 2,380 | 2,700 | 5,080 | 36 | 41 | 77 | |||||||||||||
MERCANTILE BANKSHARES | 1,120 | 3,500 | 4,620 | 58 | 183 | 241 | |||||||||||||
MERCHANTS GROUP | — | 600 | 600 | — | 14 | 14 | |||||||||||||
MERCURY GEN | 793 | 2,400 | 3,193 | 48 | 144 | 192 | |||||||||||||
MERCURY PUTER SYS | 300 | 1,000 | 1,300 | 9 | 30 | 39 | |||||||||||||
MERGE TECHNOLOGIES | — | 700 | 700 | — | 16 | 16 | |||||||||||||
MERIDIAN BIOSCIENCE | — | 1,500 | 1,500 | — | 26 | 26 |
Page B-39
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
MERIDIAN GOLD | 1,444 | 4,200 | 5,644 | 27 | 80 | 107 | |||||||||||||
MERIDIAN RESOURCE | 1,050 | 5,300 | 6,350 | 6 | 32 | 38 | |||||||||||||
MERISTAR HOSPITALITY | 2,913 | 5,000 | 7,913 | 24 | 42 | 66 | |||||||||||||
MERIT MED SYS | 560 | 1,565 | 2,125 | 9 | 24 | 33 | |||||||||||||
MERITAGE HOME | 200 | 700 | 900 | 23 | 79 | 102 | |||||||||||||
MERIX | — | 1,000 | 1,000 | — | 12 | 12 | |||||||||||||
MESA AIR GROUP | 1,021 | — | 1,021 | 8 | — | 8 | |||||||||||||
MET PRO | — | 933 | 933 | — | 12 | 12 | |||||||||||||
METHODE ELECTRS | 650 | 1,800 | 2,450 | 8 | 23 | 31 | |||||||||||||
METRIS COS | 900 | 4,050 | 4,950 | 11 | 52 | 63 | |||||||||||||
METRO GOLDWYN MAYER | 2,700 | 10,000 | 12,700 | 32 | 119 | 151 | |||||||||||||
METRO ONE TELECOMM | — | 1,050 | 1,050 | — | 2 | 2 | |||||||||||||
METROLOGIC INSTRS | — | 1,400 | 1,400 | — | 30 | 30 | |||||||||||||
METROMEDIA FIBER NETWORK | 600 | — | 600 | — | — | — | |||||||||||||
MFA MORTGAGE INVESTMENTS | 1,180 | — | 1,180 | 10 | — | 10 | |||||||||||||
MGE ENERGY | 400 | 700 | 1,100 | 14 | 25 | 39 | |||||||||||||
MGI PHARMA | 1,840 | 3,000 | 4,840 | 52 | 84 | 136 | |||||||||||||
MGM MIRAGE | 1,900 | 6,296 | 8,196 | 138 | 458 | 596 | |||||||||||||
MGP INGREDIENTS | — | 1,800 | 1,800 | — | 16 | 16 | |||||||||||||
MICHAELS STORES | 1,958 | 5,800 | 7,758 | 59 | 174 | 233 | |||||||||||||
MICREL | 1,120 | 3,680 | 4,800 | 12 | 41 | 53 | |||||||||||||
MICRO PONENT TECHNOLOGY | — | 3,100 | 3,100 | — | 2 | 2 | |||||||||||||
MICROCHIP TECHNOLOGY | 2,722 | 9,049 | 11,771 | 73 | 241 | 314 | |||||||||||||
MICROHELIX | — | 3,300 | 3,300 | — | 1 | 1 | |||||||||||||
MICROMUSE | 1,690 | 3,460 | 5,150 | 9 | 19 | 28 | |||||||||||||
MICROS SYS | 310 | 700 | 1,010 | 24 | 55 | 79 | |||||||||||||
MICROSEMI | 1,500 | 3,400 | 4,900 | 26 | 59 | 85 | |||||||||||||
MICROSTRATEGY CL A | 200 | 600 | 800 | 12 | 36 | 48 | |||||||||||||
MID AMER APT CMNTYS | 330 | 800 | 1,130 | 14 | 33 | 47 | |||||||||||||
MID STATE BANCSHARES | 350 | 900 | 1,250 | 10 | 26 | 36 | |||||||||||||
MIDAS ORPORATED | 400 | — | 400 | 8 | — | 8 | |||||||||||||
MIDDLEBY | 100 | — | 100 | 5 | — | 5 | |||||||||||||
MIDLAND CO | 300 | 1,200 | 1,500 | 9 | 38 | 47 | |||||||||||||
MIDSOUTH BANCORP | — | 1,237 | 1,237 | — | 33 | 33 | |||||||||||||
MIDWAY GAMES | 800 | 2,879 | 3,679 | 8 | 30 | 38 | |||||||||||||
MIDWEST AIR GROUP | — | 1,700 | 1,700 | — | 5 | 5 | |||||||||||||
MIDWEST BANC HLDGS | 350 | 1,400 | 1,750 | 8 | 31 | 39 | |||||||||||||
MIDWESTONE FINL GROUP | — | 1,000 | 1,000 | — | 21 | 21 | |||||||||||||
MILACRON | — | 4,600 | 4,600 | — | 16 | 16 | |||||||||||||
MILLENNIUM PHARMACEUTICALS | 4,442 | 12,559 | 17,001 | 54 | 152 | 206 | |||||||||||||
MILLER HERMAN | 1,450 | 3,400 | 4,850 | 40 | 94 | 134 | |||||||||||||
MILLS | 781 | 2,300 | 3,081 | 50 | 147 | 197 |
Page B-40
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
MIM | — | 2,600 | 2,600 | — | 17 | 17 | |||||||||||||
MINDSPEED TECHNOLOGIES | 3,250 | 5,700 | 8,950 | 9 | 16 | 25 | |||||||||||||
MINE SAFETY APPLIANCES CO | 900 | 1,800 | 2,700 | 46 | 91 | 137 | |||||||||||||
MINERALS TECHNOLOGIES | 210 | 800 | 1,010 | 14 | 53 | 67 | |||||||||||||
MISSION WEST PROPERTIES | 1,340 | — | 1,340 | 14 | — | 14 | |||||||||||||
MKS INSTRS | 900 | 2,000 | 2,900 | 17 | 37 | 54 | |||||||||||||
MOBILE MINI | — | 600 | 600 | — | 20 | 20 | |||||||||||||
MOBILITY ELECTRONICS | — | 2,300 | 2,300 | — | 20 | 20 | |||||||||||||
MODINE MFG CO | 600 | 1,300 | 1,900 | 20 | 44 | 64 | |||||||||||||
MOHAWK INDS | 900 | 2,954 | 3,854 | 82 | 270 | 352 | |||||||||||||
MOLDFLOW | — | 1,200 | 1,200 | — | 19 | 19 | |||||||||||||
MOLECULAR DEVICES | — | 1,150 | 1,150 | — | 23 | 23 | |||||||||||||
MONACO COACH | 450 | 1,500 | 1,950 | 9 | 31 | 40 | |||||||||||||
MONEYGRAM INTL | 1,609 | 3,900 | 5,509 | 34 | 82 | 116 | |||||||||||||
MONMOUTH REAL ESTATE INVT CL A | — | 1,800 | 1,800 | — | 15 | 15 | |||||||||||||
MONOLITHIC SYS TECHNOLOGY | — | 2,600 | 2,600 | — | 16 | 16 | |||||||||||||
MONRO MUFFLER BRAKE | 300 | — | 300 | 8 | — | 8 | |||||||||||||
MOOG | 300 | — | 300 | 14 | — | 14 | |||||||||||||
MOSAIC CO | 5,484 | 15,600 | 21,084 | 89 | 255 | 344 | |||||||||||||
MOSSIMO | — | 3,300 | 3,300 | — | 11 | 11 | |||||||||||||
MOTHERS WK | 250 | 700 | 950 | 3 | 10 | 13 | |||||||||||||
MOVADO GROUP | 500 | 1,600 | 2,100 | 9 | 30 | 39 | |||||||||||||
MOVIE GALLERY | 350 | 1,000 | 1,350 | 7 | 19 | 26 | |||||||||||||
MOVIE STAR | — | 2,500 | 2,500 | — | 3 | 3 | |||||||||||||
MPS GROUP | 3,440 | 3,600 | 7,040 | 42 | 44 | 86 | |||||||||||||
MRO SOFTWARE | — | 900 | 900 | — | 12 | 12 | |||||||||||||
MRV COMMUNICATIONS | — | 5,120 | 5,120 | — | 19 | 19 | |||||||||||||
MSC INDL DIRECT CL A | 1,000 | 2,300 | 3,300 | 36 | 83 | 119 | |||||||||||||
MSC SOFTWARE | — | 1,900 | 1,900 | — | 20 | 20 | |||||||||||||
MTC TECHNOLOGIES | 300 | 1,100 | 1,400 | 10 | 37 | 47 | |||||||||||||
MTR GAMING GROUP | 800 | 2,800 | 3,600 | 8 | 30 | 38 | |||||||||||||
MTS SYS | 350 | 1,500 | 1,850 | 12 | 51 | 63 | |||||||||||||
MUELLER INDS | 500 | 1,500 | 2,000 | 16 | 48 | 64 | |||||||||||||
MULTI COLOR | — | 875 | 875 | — | 16 | 16 | |||||||||||||
MULTIMEDIA GAMES | 500 | 1,500 | 2,000 | 8 | 24 | 32 | |||||||||||||
MURPHY OIL | 1,230 | 4,060 | 5,290 | 99 | 327 | 426 | |||||||||||||
MYERS IND | 605 | 2,710 | 3,315 | 8 | 35 | 43 | |||||||||||||
MYKROLIS | 900 | 2,400 | 3,300 | 13 | 34 | 47 | |||||||||||||
MYRIAD GENETICS | 390 | 1,400 | 1,790 | 9 | 32 | 41 | |||||||||||||
NABI BIOPHARMACEUTICALS | 750 | — | 750 | 11 | — | 11 | |||||||||||||
NACCO INDS CL A | 100 | 400 | 500 | 11 | 42 | 53 | |||||||||||||
NALCO HLDG CO | 2,063 | 6,000 | 8,063 | 40 | 117 | 157 |
Page B-41
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
NANOMETRICS | — | 1,100 | 1,100 | — | 18 | 18 | |||||||||||||
NANOPHASE TECHNOLOGIES | — | 2,300 | 2,300 | — | 20 | 20 | |||||||||||||
NAPSTER | — | 2,400 | 2,400 | — | 23 | 23 | |||||||||||||
NARA BANCORP | 700 | — | 700 | 15 | — | 15 | |||||||||||||
NASB FINANCIAL | 556 | — | 556 | 22 | — | 22 | |||||||||||||
NASH FINCH CO | — | 700 | 700 | — | 26 | 26 | |||||||||||||
NATCO GROUP CL A | — | 600 | 600 | — | 5 | 5 | |||||||||||||
NATIONAL BEVERAGE | 1,340 | 2,600 | 3,940 | 11 | 22 | 33 | |||||||||||||
NATIONAL FINL PARTNERS | 350 | 1,700 | 2,050 | 14 | 66 | 80 | |||||||||||||
NATIONAL FUEL GAS CO N J | 1,630 | 3,800 | 5,430 | 46 | 108 | 154 | |||||||||||||
NATIONAL HEALTH INVS | 520 | 1,600 | 2,120 | 15 | 47 | 62 | |||||||||||||
NATIONAL HEALTH RLTY | — | 1,100 | 1,100 | — | 22 | 22 | |||||||||||||
NATIONAL HEALTHCARE | 777 | 900 | 1,677 | 27 | 32 | 59 | |||||||||||||
NATIONAL INSTRS | 750 | 3,200 | 3,950 | 20 | 87 | 107 | |||||||||||||
NATIONAL OILWELL | 950 | 3,400 | 4,350 | 34 | 120 | 154 | |||||||||||||
NATIONAL PENN BANCSHARES | 437 | 1,483 | 1,920 | 12 | 41 | 53 | |||||||||||||
NATIONAL PRESTO INDS | 200 | — | 200 | 9 | — | 9 | |||||||||||||
NATIONAL R V HLDGS | — | 1,600 | 1,600 | — | 15 | 15 | |||||||||||||
NATIONAL WESTERN LIFE | 130 | — | 130 | 22 | — | 22 | |||||||||||||
NATIONWIDE FINL SVCS CL A | 1,300 | 2,400 | 3,700 | 50 | 92 | 142 | |||||||||||||
NATIONWIDE HEALTH PPTYS | 860 | 3,300 | 4,160 | 20 | 78 | 98 | |||||||||||||
NATURAL RESOURCE PART. LP | 200 | — | 200 | 12 | — | 12 | |||||||||||||
NAUTILUS GROUP | 500 | 1,337 | 1,837 | 12 | 32 | 44 | |||||||||||||
NAVARRE | 550 | 1,500 | 2,050 | 10 | 26 | 36 | |||||||||||||
NAVIGANT CONSULTING CO | 600 | — | 600 | 16 | — | 16 | |||||||||||||
NAVIGATORS GROUP | 250 | 1,000 | 1,250 | 8 | 30 | 38 | |||||||||||||
NAVTEQ | 1,200 | 4,100 | 5,300 | 56 | 190 | 246 | |||||||||||||
NBT BANCORP | 500 | 1,780 | 2,280 | 13 | 46 | 59 | |||||||||||||
NBTY | 660 | 2,800 | 3,460 | 16 | 67 | 83 | |||||||||||||
NCI BLDG SYS | 250 | 700 | 950 | 9 | 26 | 35 | |||||||||||||
NCO GROUP | 1,118 | 1,708 | 2,826 | 29 | 44 | 73 | |||||||||||||
NDCHEALTH | 460 | 1,600 | 2,060 | 9 | 30 | 39 | |||||||||||||
NEIGHBORCARE | 1,390 | 1,700 | 3,090 | 43 | 52 | 95 | |||||||||||||
NEIMAN MARCUS GROUP CL A | 717 | 2,300 | 3,017 | 51 | 165 | 216 | |||||||||||||
NEKTAR THERAPEUTICS | 2,500 | 3,300 | 5,800 | 51 | 67 | 118 | |||||||||||||
NELNET CL A | — | 2,200 | 2,200 | — | 59 | 59 | |||||||||||||
NEOFORMA | — | 1,200 | 1,200 | — | 9 | 9 | |||||||||||||
NEON SYS | — | 1,200 | 1,200 | — | 4 | 4 | |||||||||||||
NEOPHARM | — | 1,182 | 1,182 | — | 15 | 15 | |||||||||||||
NEORX | — | 2,500 | 2,500 | — | 5 | 5 | |||||||||||||
NEOSE TECHNOLOGIES | — | 2,100 | 2,100 | — | 14 | 14 | |||||||||||||
NET2PHONE | — | 4,300 | 4,300 | — | 15 | 15 |
Page B-42
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
NETBANK | 750 | 2,969 | 3,719 | 8 | 31 | 39 | |||||||||||||
NETFLIX | 500 | 2,900 | 3,400 | 6 | 36 | 42 | |||||||||||||
NETGURU | — | 2,400 | 2,400 | — | 3 | 3 | |||||||||||||
NETIQ | 950 | 2,358 | 3,308 | 12 | 29 | 41 | |||||||||||||
NETRATINGS | 500 | 2,300 | 2,800 | 10 | 44 | 54 | |||||||||||||
NETSCOUT SYS | — | 1,300 | 1,300 | — | 9 | 9 | |||||||||||||
NEUROCRINE BIOSCIENCES | 590 | 1,600 | 2,190 | 29 | 79 | 108 | |||||||||||||
NEUROGEN | — | 2,300 | 2,300 | — | 22 | 22 | |||||||||||||
NEW CENTY FINL MD | 675 | 1,600 | 2,275 | 43 | 102 | 145 | |||||||||||||
NEW HAMPSHIRE THRIFT | — | 400 | 400 | — | 13 | 13 | |||||||||||||
NEW JERSEY RES | 950 | 1,100 | 2,050 | 41 | 48 | 89 | |||||||||||||
NEW PLAN EXCEL RLTY TR | 1,758 | 4,300 | 6,058 | 48 | 116 | 164 | |||||||||||||
NEW YORK + CO | — | 2,200 | 2,200 | — | 36 | 36 | |||||||||||||
NEW YORK CMNTY BANCORP | 3,523 | 11,714 | 15,237 | 72 | 241 | 313 | |||||||||||||
NEWALLIANCE BANCSHARES | 1,350 | 4,900 | 6,250 | 21 | 75 | 96 | |||||||||||||
NEWCASTLE INVT | 1,200 | 1,400 | 2,600 | 38 | 44 | 82 | |||||||||||||
NEWFIELD EXPL CO | 800 | 2,400 | 3,200 | 47 | 142 | 189 | |||||||||||||
NEWMIL BANCORP | — | 700 | 700 | — | 22 | 22 | |||||||||||||
NEWPARK RES | 1,300 | 3,900 | 5,200 | 7 | 20 | 27 | |||||||||||||
NEWPORT | 600 | 1,550 | 2,150 | 8 | 22 | 30 | |||||||||||||
NEWPOWER HOLDINGS . | 1,050 | — | 1,050 | — | — | — | |||||||||||||
NEXTEL PARTNERS CL A | 2,689 | 8,100 | 10,789 | 53 | 158 | 211 | |||||||||||||
NIKU | — | 1,000 | 1,000 | — | 20 | 20 | |||||||||||||
NL INDS | 1,190 | 2,300 | 3,490 | 26 | 51 | 77 | |||||||||||||
NMS COMMUNICATIONS | — | 2,200 | 2,200 | — | 14 | 14 | |||||||||||||
NN | — | 1,600 | 1,600 | — | 21 | 21 | |||||||||||||
NOBLE ENERGY | 845 | 2,400 | 3,245 | 52 | 148 | 200 | |||||||||||||
NOBLE INTL LTD | — | 1,000 | 1,000 | — | 20 | 20 | |||||||||||||
NORDSON | 410 | 1,600 | 2,010 | 16 | 64 | 80 | |||||||||||||
NORSTAN RTS | — | 1,300 | 1,300 | — | 7 | 7 | |||||||||||||
NORTH AMERN SCIENTIFIC | — | 1,800 | 1,800 | — | 10 | 10 | |||||||||||||
NORTH PITTSBURGH SYS | 982 | — | 982 | 24 | — | 24 | |||||||||||||
NORTHEAST UTILS | 1,300 | 5,400 | 6,700 | 25 | 102 | 127 | |||||||||||||
NORTHERN STS FINL | — | 700 | 700 | — | 22 | 22 | |||||||||||||
NORTHRIM BANCORP | — | 700 | 700 | — | 16 | 16 | |||||||||||||
NORTHWEST AIRLS CLASS A | 800 | 4,700 | 5,500 | 9 | 51 | 60 | |||||||||||||
NORTHWEST BANCORP PA | 580 | 2,500 | 3,080 | 15 | 63 | 78 | |||||||||||||
NORTHWEST NAT GAS CO | 290 | 900 | 1,190 | 10 | 30 | 40 | |||||||||||||
NORTHWEST PIPE CO | — | 1,400 | 1,400 | — | 35 | 35 | |||||||||||||
NOVASTAR FINL | 250 | 1,800 | 2,050 | 12 | 89 | 101 | |||||||||||||
NOVATEL WIRELESS | 350 | — | 350 | 7 | — | 7 | |||||||||||||
NOVAVAX | — | 4,000 | 4,000 | — | 13 | 13 |
Page B-43
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
NOVEN PHARMACEUTICALS | 1,453 | 1,600 | 3,053 | 25 | 27 | 52 | |||||||||||||
NOVOSTE | — | 900 | 900 | — | 2 | 2 | |||||||||||||
NPS PHARMACEUTICALS | 950 | 1,900 | 2,850 | 17 | 35 | 52 | |||||||||||||
NRG ENERGY | 1,300 | 4,600 | 5,900 | 47 | 166 | 213 | |||||||||||||
NS GROUP | — | 2,000 | 2,000 | — | 56 | 56 | |||||||||||||
NSTAR | 772 | 2,115 | 2,887 | 42 | 115 | 157 | |||||||||||||
NTL | 1,274 | 3,600 | 4,874 | 93 | 263 | 356 | |||||||||||||
NTL SERIES A WARRANT | 3 | — | 3 | — | — | — | |||||||||||||
NU HORIZONS ELECTRS | — | 1,400 | 1,400 | — | 11 | 11 | |||||||||||||
NU SKIN ENTERPRISES CL A | 1,000 | 2,900 | 3,900 | 25 | 74 | 99 | |||||||||||||
NUANCE COMMUNICATIONS | 150 | 3,200 | 3,350 | 1 | 13 | 14 | |||||||||||||
NUCO2 | — | 1,000 | 1,000 | — | 22 | 22 | |||||||||||||
NUVEEN INVTS CL A | 1,300 | 4,200 | 5,500 | 51 | 166 | 217 | |||||||||||||
NUVELO | 700 | — | 700 | 7 | — | 7 | |||||||||||||
NVE MON | — | 300 | 300 | — | 8 | 8 | |||||||||||||
NVR | 93 | 280 | 373 | 72 | 215 | 287 | |||||||||||||
NWH | — | 900 | 900 | — | 13 | 13 | |||||||||||||
NYFIX | 850 | 850 | 1,700 | 5 | 5 | 10 | |||||||||||||
O CHARLEYS | 400 | 1,600 | 2,000 | 8 | 31 | 39 | |||||||||||||
O REILLY AUTOMOTIVE | 950 | 2,200 | 3,150 | 43 | 99 | 142 | |||||||||||||
OAKLEY | 1,500 | 3,400 | 4,900 | 19 | 43 | 62 | |||||||||||||
OCA | 900 | 3,500 | 4,400 | 6 | 22 | 28 | |||||||||||||
OCEANEERING INTL | 400 | 1,000 | 1,400 | 15 | 37 | 52 | |||||||||||||
OCEANFIRST FINANCIAL | 350 | — | 350 | 9 | — | 9 | |||||||||||||
OCULAR SCIENCES | 350 | 1,100 | 1,450 | 17 | 54 | 71 | |||||||||||||
OCWEN FINL | 1,430 | 2,400 | 3,830 | 14 | 23 | 37 | |||||||||||||
ODYSSEY HEALTHCARE | 387 | 2,500 | 2,887 | 5 | 34 | 39 | |||||||||||||
ODYSSEY RE HLDGS | 1,900 | 3,000 | 4,900 | 48 | 76 | 124 | |||||||||||||
OFFSHORE LOGISTICS | 280 | 900 | 1,180 | 9 | 29 | 38 | |||||||||||||
OGE ENERGY | 850 | 3,800 | 4,650 | 23 | 101 | 124 | |||||||||||||
OHIO CAS | 600 | 2,800 | 3,400 | 14 | 65 | 79 | |||||||||||||
OIL DRI AMER | — | 1,800 | 1,800 | — | 33 | 33 | |||||||||||||
OIL STATES INTL | 1,030 | 2,300 | 3,330 | 20 | 44 | 64 | |||||||||||||
OLD DOMINION FGHT LINES | 300 | 1,575 | 1,875 | 10 | 55 | 65 | |||||||||||||
OLD NATL BANCORP IND RTS | 1,050 | 2,879 | 3,929 | 27 | 74 | 101 | |||||||||||||
OLD REP INTL | 2,550 | 7,225 | 9,775 | 65 | 183 | 248 | |||||||||||||
OLD SECOND BANCORP I | 300 | — | 300 | 10 | — | 10 | |||||||||||||
OLIN | 590 | 3,100 | 3,690 | 13 | 68 | 81 | |||||||||||||
OM GROUP | 950 | 1,100 | 2,050 | 31 | 36 | 67 | |||||||||||||
OMEGA FINL | 200 | 800 | 1,000 | 7 | 27 | 34 | |||||||||||||
OMEGA HEALTHCARE (REIT) | 750 | — | 750 | 9 | — | 9 | |||||||||||||
OMI CORPORATION SHS | 690 | 3,600 | 4,290 | 12 | 61 | 73 |
Page B-44
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
OMNI ENERGY SVCS | — | 1,900 | 1,900 | — | 4 | 4 | |||||||||||||
OMNICARE | 1,516 | 4,200 | 5,716 | 52 | 145 | 197 | |||||||||||||
OMNICELL | 620 | 1,600 | 2,220 | 7 | 18 | 25 | |||||||||||||
OMNIVISION TECHNOLOGIES | 1,530 | 2,600 | 4,130 | 28 | 48 | 76 | |||||||||||||
OMNOVA SOLUTIONS | — | 4,300 | 4,300 | — | 24 | 24 | |||||||||||||
ON ASSIGNMENT | 550 | 3,200 | 3,750 | 3 | 17 | 20 | |||||||||||||
ON SEMICONDUCTOR | 2,250 | 10,900 | 13,150 | 10 | 49 | 59 | |||||||||||||
ONEIDA LTD | — | 500 | 500 | — | 2 | 2 | |||||||||||||
ONEOK | 1,050 | 3,700 | 4,750 | 30 | 105 | 135 | |||||||||||||
ONYX PHARMACEUTICALS | 550 | 1,400 | 1,950 | 18 | 45 | 63 | |||||||||||||
ONYX SOFTWARE | — | 625 | 625 | — | 2 | 2 | |||||||||||||
OPENWAVE SYS | 1,780 | 2,887 | 4,667 | 28 | 45 | 73 | |||||||||||||
OPLINK COMMUNICATIONS OC | 950 | 10,800 | 11,750 | 2 | 21 | 23 | |||||||||||||
OPNET TECHNOLOGIES | — | 1,300 | 1,300 | — | 11 | 11 | |||||||||||||
OPSWARE | 1,150 | 5,400 | 6,550 | 8 | 40 | 48 | |||||||||||||
OPTICAL CABLE | 84 | — | 84 | — | — | — | |||||||||||||
OPTICAL CABLE WT EXP 24OCT07 | — | 212 | 212 | — | — | — | |||||||||||||
OPTION CARE | 1,319 | 1,650 | 2,969 | 23 | 28 | 51 | |||||||||||||
ORASURE TECHNOLOGIES | 1,175 | 2,800 | 3,975 | 8 | 19 | 27 | |||||||||||||
ORBIT INTL | — | 1,000 | 1,000 | — | 11 | 11 | |||||||||||||
ORBITAL SCIENCES A | 1,070 | 2,500 | 3,570 | 13 | 30 | 43 | |||||||||||||
ORCHID BIOSCIENCES | — | 3,860 | 3,860 | — | 44 | 44 | |||||||||||||
OREGON STL MLS | — | 2,000 | 2,000 | — | 41 | 41 | |||||||||||||
ORIENTAL FINL GROUP | 429 | 1,239 | 1,668 | 12 | 35 | 47 | |||||||||||||
ORLEANS HOMEBUILDERS | 400 | — | 400 | 8 | — | 8 | |||||||||||||
ORPHAN MED | — | 1,100 | 1,100 | — | 10 | 10 | |||||||||||||
ORYX TECHNOLOGY | — | 2,100 | 2,100 | — | 5 | 5 | |||||||||||||
OSCIENT PHARMACEUTICALS | 1,500 | 4,800 | 6,300 | 5 | 18 | 23 | |||||||||||||
OSHKOSH B GOSH CL A | 300 | 1,100 | 1,400 | 6 | 24 | 30 | |||||||||||||
OSHKOSH TRUCK | 750 | 1,600 | 2,350 | 51 | 109 | 160 | |||||||||||||
OSI PHARMACEUTICALS | 722 | 1,600 | 2,322 | 54 | 120 | 174 | |||||||||||||
OSI SYS | 938 | 1,100 | 2,038 | 21 | 25 | 46 | |||||||||||||
OTTER TAIL | 450 | 1,000 | 1,450 | 11 | 26 | 37 | |||||||||||||
OUTBACK STEAKHOUSE | 840 | 3,000 | 3,840 | 38 | 137 | 175 | |||||||||||||
OVERLAND STORAGE | 732 | 1,000 | 1,732 | 12 | 17 | 29 | |||||||||||||
OVERNITE | 350 | 1,100 | 1,450 | 13 | 41 | 54 | |||||||||||||
OVERSEAS SHIPHOLDING GROUP | 440 | 1,500 | 1,940 | 24 | 83 | 107 | |||||||||||||
OVERSTOCK | 200 | 900 | 1,100 | 14 | 62 | 76 | |||||||||||||
OWENS + MINOR | 900 | 1,700 | 2,600 | 25 | 48 | 73 | |||||||||||||
OWENS ILL | 2,172 | 6,200 | 8,372 | 49 | 140 | 189 | |||||||||||||
OXFORD INDUSTRIES | 270 | — | 270 | 11 | — | 11 | |||||||||||||
OYO GEOSPACE | — | 800 | 800 | — | 15 | 15 |
Page B-45
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
P F CHANGS CHINA BISTRO | 340 | 1,200 | 1,540 | 19 | 68 | 87 | |||||||||||||
PACER INTL TN | 580 | 1,700 | 2,280 | 12 | 36 | 48 | |||||||||||||
PACIFIC CAP BANCORP | 1,000 | 2,488 | 3,488 | 34 | 85 | 119 | |||||||||||||
PACIFIC ENERGY PARTNERS | 300 | — | 300 | 9 | — | 9 | |||||||||||||
PACIFIC SUNWEAR OF CALIF | 2,200 | 3,325 | 5,525 | 49 | 74 | 123 | |||||||||||||
PACIFICARE HEALTH SYSTEMS | 1,252 | 3,700 | 4,952 | 71 | 209 | 280 | |||||||||||||
PACKAGING AMER | 1,555 | 4,700 | 6,255 | 37 | 111 | 148 | |||||||||||||
PACKAGING DYNAMICS 1 | — | 1,180 | 1,180 | — | 17 | 17 | |||||||||||||
PACKETEER | 350 | 2,500 | 2,850 | 5 | 36 | 41 | |||||||||||||
PAIN THERAPEUTICS | — | 2,900 | 2,900 | — | 21 | 21 | |||||||||||||
PALM HBR HOMES | 400 | 1,400 | 1,800 | 7 | 24 | 31 | |||||||||||||
PALMONE | 670 | 2,050 | 2,720 | 21 | 65 | 86 | |||||||||||||
PALMSOURCE | — | 902 | 902 | — | 11 | 11 | |||||||||||||
PAN PAC RETAIL PPTYS | 400 | 1,800 | 2,200 | 25 | 113 | 138 | |||||||||||||
PANAVISION | — | 1,700 | 1,700 | — | 11 | 11 | |||||||||||||
PANERA BREAD CO CL A | 600 | 1,300 | 1,900 | 24 | 52 | 76 | |||||||||||||
PANTRY | — | 900 | 900 | — | 27 | 27 | |||||||||||||
PAPA JOHNS INTL | 360 | 1,100 | 1,460 | 12 | 38 | 50 | |||||||||||||
PAR PHARMACEUTICAL COS | 350 | 1,700 | 2,050 | 14 | 70 | 84 | |||||||||||||
PARADYNE NETWORKS | — | 2,700 | 2,700 | — | 10 | 10 | |||||||||||||
PAREXEL INTL | 690 | 1,800 | 2,490 | 14 | 37 | 51 | |||||||||||||
PARK ELECTROCHEMICAL | 300 | 1,200 | 1,500 | 7 | 26 | 33 | |||||||||||||
PARK NATL | 304 | 656 | 960 | 41 | 89 | 130 | |||||||||||||
PARK OH HLDGS | — | 1,900 | 1,900 | — | 49 | 49 | |||||||||||||
PARKER DRILLING CO | — | 6,500 | 6,500 | — | 26 | 26 | |||||||||||||
PARKWAY PPTYS | 200 | 500 | 700 | 10 | 25 | 35 | |||||||||||||
PARTNERS TRUST FIN’L GRP | 2,888 | — | 2,888 | 34 | — | 34 | |||||||||||||
PARTY CITY | — | 1,900 | 1,900 | — | 25 | 25 | |||||||||||||
PATHMARK STORES | — | 1,100 | 1,100 | — | 6 | 6 | |||||||||||||
PATINA OIL + GAS | 700 | 3,474 | 4,174 | 26 | 130 | 156 | |||||||||||||
PATRIOT TRANSN HLDG | — | 500 | 500 | — | 22 | 22 | |||||||||||||
PATTERSON COS | 1,840 | 5,800 | 7,640 | 80 | 252 | 332 | |||||||||||||
PATTERSON UTI ENERGY | 1,800 | 7,200 | 9,000 | 35 | 140 | 175 | |||||||||||||
PAXAR | 860 | 1,800 | 2,660 | 19 | 40 | 59 | |||||||||||||
PAXSON COMMUNICATIONS | — | 6,000 | 6,000 | — | 8 | 8 | |||||||||||||
PAYLESS SHOESOURCE | 1,800 | 2,715 | 4,515 | 22 | 33 | 55 | |||||||||||||
PC CONNECTION | — | 3,000 | 3,000 | — | 29 | 29 | |||||||||||||
PC MALL | — | 800 | 800 | — | 18 | 18 | |||||||||||||
PC TEL | — | 2,300 | 2,300 | — | 18 | 18 | |||||||||||||
PDF SOLUTIONS | 201 | 1,600 | 1,801 | 3 | 26 | 29 | |||||||||||||
PDI | 250 | 1,150 | 1,400 | 6 | 26 | 32 | |||||||||||||
PEABODY ENERGY | 894 | 2,700 | 3,594 | 72 | 218 | 290 |
Page B-46
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
PEAPACK GLADSTONE FIN | 550 | — | 550 | 17 | — | 17 | |||||||||||||
PEC SOLUTIONS | — | 1,700 | 1,700 | — | 24 | 24 | |||||||||||||
PEDIATRIX MED GROUP | 300 | 1,000 | 1,300 | 19 | 64 | 83 | |||||||||||||
PEETS COFFEE AND TEA | — | 1,100 | 1,100 | — | 29 | 29 | |||||||||||||
PEGASUS COMMUNICATIONS CL A | — | 400 | 400 | — | 4 | 4 | |||||||||||||
PEGASUS SOLUTIONS | — | 1,600 | 1,600 | — | 20 | 20 | |||||||||||||
PEGASYSTEMS | — | 2,200 | 2,200 | — | 19 | 19 | |||||||||||||
PEMCO AVIATION | — | 300 | 300 | — | 8 | 8 | |||||||||||||
PEMSTAR | — | 1,500 | 1,500 | — | 3 | 3 | |||||||||||||
PENN AMERICA GROUP | — | 1,950 | 1,950 | — | 29 | 29 | |||||||||||||
PENN NATL GAMING | 650 | 1,800 | 2,450 | 39 | 109 | 148 | |||||||||||||
PENN VA | 420 | 800 | 1,220 | 17 | 32 | 49 | |||||||||||||
PENN VIRGINIA RESOURCE | 500 | — | 500 | 26 | — | 26 | |||||||||||||
PENNICHUCK | — | 200 | 200 | — | 5 | 5 | |||||||||||||
PENNSYLVANIA REAL ESTATE INVT SH BEN INT | 450 | 1,581 | 2,031 | 19 | 68 | 87 | |||||||||||||
PENTAIR | 1,460 | 4,200 | 5,660 | 64 | 183 | 247 | |||||||||||||
PENTON MEDIA | — | 1,700 | 1,700 | — | — | — | |||||||||||||
PENWEST PHARMACEUTICALS CO | — | 1,300 | 1,300 | — | 16 | 16 | |||||||||||||
PEOPLES BANCORP | 250 | — | 250 | 7 | — | 7 | |||||||||||||
PEOPLES BK BRIDGEPORT CONN | 1,365 | 4,050 | 5,415 | 53 | 158 | 211 | |||||||||||||
PEOPLES CMNTY BANCORP | — | 600 | 600 | — | 14 | 14 | |||||||||||||
PEOPLES HLDG CO | 535 | 600 | 1,135 | 18 | 20 | 38 | |||||||||||||
PEP BOYS MANNY MOE + JACK | 1,970 | 2,400 | 4,370 | 34 | 41 | 75 | |||||||||||||
PEPCO HLDGS | 2,703 | 6,700 | 9,403 | 58 | 143 | 201 | |||||||||||||
PEPSIAMERICAS | 1,999 | 6,400 | 8,399 | 42 | 136 | 178 | |||||||||||||
PER SE TECHNOLOGIES | 550 | 1,700 | 2,250 | 9 | 27 | 36 | |||||||||||||
PEREGRINE SYSTEMS | 10 | — | 10 | — | — | — | |||||||||||||
PERFORMANCE FOOD GROUP CO | 350 | 1,900 | 2,250 | 9 | 51 | 60 | |||||||||||||
PERFORMANCE TECHNOLOGIES | — | 1,200 | 1,200 | — | 11 | 11 | |||||||||||||
PERICOM SEMICONDUCTOR | 700 | 2,600 | 3,300 | 7 | 25 | 32 | |||||||||||||
PEROT SYS CDT CL A | 1,570 | 5,400 | 6,970 | 25 | 87 | 112 | |||||||||||||
PERRIGO CO | 650 | 3,000 | 3,650 | 11 | 52 | 63 | |||||||||||||
PETCO ANIMAL SUPPLIES | 1,250 | 2,700 | 3,950 | 49 | 107 | 156 | |||||||||||||
PETROHAWK ENERGY | — | 1,350 | 1,350 | — | 12 | 12 | |||||||||||||
PETROLEUM DEV | — | 1,400 | 1,400 | — | 54 | 54 | |||||||||||||
PETROLEUM HELICOPTERS | — | 300 | 300 | — | 8 | 8 | |||||||||||||
PETSMART | 2,020 | 6,200 | 8,220 | 72 | 220 | 292 | |||||||||||||
PFF BANCORP | 330 | 980 | 1,310 | 15 | 45 | 60 | |||||||||||||
PHARMACEUTICAL PROD DEV | 1,500 | 2,600 | 4,100 | 62 | 107 | 169 | |||||||||||||
PHARMACOPEIA DRUG DISCOVERY | 305 | 2,100 | 2,405 | 2 | 13 | 15 | |||||||||||||
PHARMACYCLICS | — | 2,600 | 2,600 | — | 27 | 27 | |||||||||||||
PHARMION | 300 | 1,300 | 1,600 | 13 | 55 | 68 |
Page B-47
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
PHARMOS | 1,950 | — | 1,950 | 3 | — | 3 | |||||||||||||
PHC MASS CL A | — | 3,100 | 3,100 | — | 4 | 4 | |||||||||||||
HILADELPHIA CONS HLDG | 300 | 900 | 1,200 | 20 | 60 | 80 | |||||||||||||
PHILLIPS VAN HEUSEN | 400 | 1,300 | 1,700 | 11 | 35 | 46 | |||||||||||||
PHOENIX COS | 960 | 4,000 | 4,960 | 12 | 50 | 62 | |||||||||||||
PHOENIX TECHNOLOGIES LTD | — | 1,200 | 1,200 | — | 10 | 10 | |||||||||||||
PHOTON DYNAMICS | 250 | — | 250 | 6 | — | 6 | |||||||||||||
PHOTRONICS | 550 | 1,310 | 1,860 | 9 | 22 | 31 | |||||||||||||
PICO HLDGS | — | 1,100 | 1,100 | — | 23 | 23 | |||||||||||||
PIEDMONT NAT GAS | 1,900 | 3,200 | 5,100 | 44 | 74 | 118 | |||||||||||||
PIER 1 IMPORTS | 2,650 | 4,000 | 6,650 | 52 | 79 | 131 | |||||||||||||
PILGRIMS PRIDE | 600 | 2,700 | 3,300 | 18 | 83 | 101 | |||||||||||||
PINNACLE ENTMT | 600 | 2,300 | 2,900 | 12 | 45 | 57 | |||||||||||||
PINNACLE SYS | 1,340 | 3,300 | 4,640 | 8 | 20 | 28 | |||||||||||||
PIONEER NAT RES CO | 2,114 | 6,200 | 8,314 | 74 | 218 | 292 | |||||||||||||
PIONEER RAIL | — | 2,700 | 2,700 | — | 8 | 8 | |||||||||||||
PIPER JAFFRAY COS | 250 | 800 | 1,050 | 12 | 38 | 50 | |||||||||||||
PITTSBURGH + W VA RR SH BEN INT | — | 1,500 | 1,500 | — | 14 | 14 | |||||||||||||
PIXAR | 1,390 | 2,400 | 3,790 | 119 | 205 | 324 | |||||||||||||
PIXELWORKS | 830 | 2,700 | 3,530 | 9 | 31 | 40 | |||||||||||||
PLAINS ALL AMERN PIPELINE L P UNIT LTD PARTNERSHIP INT | 950 | 2,400 | 3,350 | 36 | 91 | 127 | |||||||||||||
PLAINS EXPL + PRODTN CO | 1,596 | 3,806 | 5,402 | 41 | 99 | 140 | |||||||||||||
PLANAR SYS | — | 900 | 900 | — | 10 | 10 | |||||||||||||
PLANTRONICS | 750 | 1,900 | 2,650 | 31 | 79 | 110 | |||||||||||||
PLATO LEARNING | — | 1,466 | 1,466 | — | 11 | 11 | |||||||||||||
PLAYBOY ENTERPRISES CL B | 600 | 2,000 | 2,600 | 7 | 25 | 32 | |||||||||||||
PLAYTEX PRODS | 1,520 | 3,800 | 5,320 | 12 | 30 | 42 | |||||||||||||
PLEXUS | 1,500 | 1,860 | 3,360 | 20 | 24 | 44 | |||||||||||||
PLUG PWR | 1,000 | 4,700 | 5,700 | 6 | 29 | 35 | |||||||||||||
PLX TECHNOLOGY | — | 2,400 | 2,400 | — | 25 | 25 | |||||||||||||
PMA CAP CL A | — | 1,200 | 1,200 | — | 12 | 12 | |||||||||||||
PMC L TR SH BEN INT | — | 1,688 | 1,688 | — | 26 | 26 | |||||||||||||
PMI GROUP | 1,320 | 4,100 | 5,420 | 55 | 171 | 226 | |||||||||||||
PNM RES | 2,075 | 3,000 | 5,075 | 52 | 76 | 128 | |||||||||||||
POCAHONTAS BANCORP | — | 1,000 | 1,000 | — | 16 | 16 | |||||||||||||
POGO PRODUCING CO | 700 | 2,600 | 3,300 | 34 | 126 | 160 | |||||||||||||
POINT THERAPEUTICS | — | 3,300 | 3,300 | — | 18 | 18 | |||||||||||||
POLARIS INDS | 870 | 2,000 | 2,870 | 59 | 136 | 195 | |||||||||||||
POLO RALPH LAUREN CL A | 1,400 | 4,000 | 5,400 | 60 | 170 | 230 | |||||||||||||
POLYCOM | 1,150 | 4,100 | 5,250 | 27 | 96 | 123 | |||||||||||||
POLYMEDICA | 350 | 1,200 | 1,550 | 13 | 45 | 58 | |||||||||||||
POLYONE | 1,930 | 4,400 | 6,330 | 17 | 40 | 57 |
Page B-48
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
POMEROY IT SOLUTIONS | — | 1,400 | 1,400 | — | 21 | 21 | |||||||||||||
POPE + TALBOT | — | 1,100 | 1,100 | — | 19 | 19 | |||||||||||||
POPULAR | 3,540 | 11,600 | 15,140 | 102 | 334 | 436 | |||||||||||||
PORTAL SOFTWARE | 390 | 4,160 | 4,550 | 1 | 11 | 12 | |||||||||||||
PORTFOLIO RECOVERY ASSOCI | 250 | — | 250 | 10 | — | 10 | |||||||||||||
POSSIS MED | 250 | 1,300 | 1,550 | 3 | 18 | 21 | |||||||||||||
POST PPTYS | 600 | 2,000 | 2,600 | 21 | 70 | 91 | |||||||||||||
POTLATCH | 380 | 1,300 | 1,680 | 19 | 66 | 85 | |||||||||||||
POWELL INDS | — | 600 | 600 | — | 11 | 11 | |||||||||||||
POWER INTEGRATIONS | 600 | 1,600 | 2,200 | 12 | 32 | 44 | |||||||||||||
POWERWAVE TECHNOLOGIES | 250 | 5,600 | 5,850 | 2 | 47 | 49 | |||||||||||||
PRAECIS PHARM | 1,675 | — | 1,675 | 3 | — | 3 | |||||||||||||
PRE PAID LEGAL SVCS | 400 | 1,100 | 1,500 | 15 | 41 | 56 | |||||||||||||
PRECISION CASTPARTS | 900 | 2,554 | 3,454 | 59 | 168 | 227 | |||||||||||||
PREMCOR | 1,240 | 3,700 | 4,940 | 52 | 156 | 208 | |||||||||||||
PRENTISS PPTYS TR SH BEN INT | 700 | 1,800 | 2,500 | 27 | 69 | 96 | |||||||||||||
PRESIDENTIAL LIFE | 500 | 2,200 | 2,700 | 8 | 37 | 45 | |||||||||||||
PRESSTEK | 2,522 | 2,700 | 5,222 | 24 | 26 | 50 | |||||||||||||
PRG SHULTZ INTL | — | 4,850 | 4,850 | — | 24 | 24 | |||||||||||||
PRICE COMMUNICATIONS | 1,050 | 2,450 | 3,500 | 20 | 46 | 66 | |||||||||||||
PRICELINE | 421 | 2,033 | 2,454 | 10 | 48 | 58 | |||||||||||||
PRICESMART | — | 1,500 | 1,500 | — | 11 | 11 | |||||||||||||
PRICESMART RT PUR | — | 1,500 | 1,500 | — | 2 | 2 | |||||||||||||
PRIDE INTERNATIONAL | 1,980 | 5,500 | 7,480 | 41 | 113 | 154 | |||||||||||||
PRIMEDIA | 3,700 | 9,236 | 12,936 | 14 | 35 | 49 | |||||||||||||
PRIMUS TELECOMM GROUP | 2,500 | 6,500 | 9,000 | 8 | 21 | 29 | |||||||||||||
PRINCETON REVIEW | — | 2,800 | 2,800 | — | 17 | 17 | |||||||||||||
PRIORITY HEALTHCARE CL B | 450 | 2,094 | 2,544 | 10 | 46 | 56 | |||||||||||||
PRIVATEBANK | 460 | 1,200 | 1,660 | 15 | 39 | 54 | |||||||||||||
PROASSURANCE | 350 | 1,320 | 1,670 | 14 | 52 | 66 | |||||||||||||
PROGENICS PHAARMACEUTICALS | — | 1,400 | 1,400 | — | 24 | 24 | |||||||||||||
PROGRESS SOFTWARE | 650 | 1,500 | 2,150 | 15 | 35 | 50 | |||||||||||||
PROQUEST COMPANY | 350 | 1,300 | 1,650 | 10 | 39 | 49 | |||||||||||||
PROSPERITY BANCSHARES | 260 | 1,300 | 1,560 | 8 | 38 | 46 | |||||||||||||
PROTECTIVE LIFE | 1,011 | 3,000 | 4,011 | 43 | 128 | 171 | |||||||||||||
PROTEIN DESIGN LABS | 2,760 | 3,900 | 6,660 | 57 | 81 | 138 | |||||||||||||
PROVIDENT BANCORP | 700 | 3,102 | 3,802 | 9 | 41 | 50 | |||||||||||||
PROVIDENT BANKSHARES | 450 | 1,551 | 2,001 | 16 | 56 | 72 | |||||||||||||
PROVIDENT FINACIAL SERVICES | 633 | 3,400 | 4,033 | 12 | 66 | 78 | |||||||||||||
PROVINCE HEALTHCARE CO | 1,750 | 2,000 | 3,750 | 39 | 45 | 84 | |||||||||||||
PROXIM CL A | — | 170 | 170 | — | 1 | 1 | |||||||||||||
PROXYMED | — | 306 | 306 | — | 3 | 3 |
Page B-49
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
PS BUSINESS PKS CA | 500 | 800 | 1,300 | 23 | 36 | 59 | |||||||||||||
PSS WORLD MED | 2,650 | 2,500 | 5,150 | 33 | 31 | 64 | |||||||||||||
PSYCHIATRIC SOLUTIONS | 300 | — | 300 | 11 | — | 11 | |||||||||||||
PTEK HLDGS | 1,340 | 2,700 | 4,040 | 14 | 29 | 43 | |||||||||||||
PUBLIC STORAGE | 1,710 | 5,500 | 7,210 | 95 | 307 | 402 | |||||||||||||
PUGET ENERGY | 1,448 | 4,600 | 6,048 | 36 | 114 | 150 | |||||||||||||
PULITZER | 180 | 500 | 680 | 12 | 32 | 44 | |||||||||||||
PYR ENERGY | — | 7,400 | 7,400 | — | 8 | 8 | |||||||||||||
QLT | — | 1,100 | 1,100 | — | 18 | 18 | |||||||||||||
QMED | — | 1,900 | 1,900 | — | 21 | 21 | |||||||||||||
QUAKER FABRIC | — | 1,900 | 1,900 | — | 11 | 11 | |||||||||||||
QUALITY SYSTEMS | — | 500 | 500 | — | 30 | 30 | |||||||||||||
QUANEX | 340 | 900 | 1,240 | 23 | 62 | 85 | |||||||||||||
QUANTA SERVICES | 3,750 | 5,200 | 8,950 | 30 | 42 | 72 | |||||||||||||
QUANTUM DSSG | 4,540 | 8,600 | 13,140 | 12 | 23 | 35 | |||||||||||||
QUEST SOFTWARE | 1,070 | 3,900 | 4,970 | 17 | 62 | 79 | |||||||||||||
QUESTAR | 1,150 | 3,600 | 4,750 | 59 | 183 | 242 | |||||||||||||
QUICKSILVER RES | 700 | 2,800 | 3,500 | 26 | 103 | 129 | |||||||||||||
QUIKSILVER | 1,200 | 2,700 | 3,900 | 36 | 80 | 116 | |||||||||||||
R + G FINANCIAL CL B | 380 | 1,600 | 1,980 | 15 | 62 | 77 | |||||||||||||
RADIAN GROUP | 1,300 | 4,008 | 5,308 | 69 | 213 | 282 | |||||||||||||
RADIANT SYS | — | 1,150 | 1,150 | — | 7 | 7 | |||||||||||||
RADIO ONE CL A | 1,750 | 4,400 | 6,150 | 28 | 71 | 99 | |||||||||||||
RADIOLOGIX | — | 2,200 | 2,200 | — | 10 | 10 | |||||||||||||
RADISYS | — | 1,600 | 1,600 | — | 31 | 31 | |||||||||||||
RAILAMERICA | — | 1,600 | 1,600 | — | 21 | 21 | |||||||||||||
RAINMAKER SYS | — | 7,200 | 7,200 | — | 9 | 9 | |||||||||||||
RAIT INVT TR | 420 | 1,400 | 1,820 | 12 | 39 | 51 | |||||||||||||
RALCORP HLDGS | 370 | 1,000 | 1,370 | 16 | 42 | 58 | |||||||||||||
RAMBUS | 3,050 | 4,380 | 7,430 | 70 | 101 | 171 | |||||||||||||
RAMCO GERSHENSON PPTYS TR SH BEN INT | 300 | 1,200 | 1,500 | 10 | 39 | 49 | |||||||||||||
RANGE RES | 1,030 | 2,600 | 3,630 | 21 | 53 | 74 | |||||||||||||
RARE HOSPITALITY INTL | 550 | 1,650 | 2,200 | 18 | 53 | 71 | |||||||||||||
RAYMOND JAMES FINANCIAL | 900 | 3,050 | 3,950 | 28 | 94 | 122 | |||||||||||||
RAYONIER | 552 | 2,371 | 2,923 | 27 | 116 | 143 | |||||||||||||
RAYOVAC | 500 | 1,400 | 1,900 | 15 | 43 | 58 | |||||||||||||
RC2 | 200 | 900 | 1,100 | 7 | 29 | 36 | |||||||||||||
RCN CORPORTION | 1,600 | — | 1,600 | — | — | — | |||||||||||||
READERS DIGEST ASSN | 1,100 | 3,900 | 5,000 | 15 | 54 | 69 | |||||||||||||
REALNETWORKS | 5,900 | 7,900 | 13,800 | 39 | 52 | 91 | |||||||||||||
REALTY OME | 700 | 1,800 | 2,500 | 35 | 91 | 126 | |||||||||||||
RECKSON ASSOCS RLTY | 1,600 | 2,700 | 4,300 | 52 | 89 | 141 |
Page B-50
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
RED HAT | 1,950 | 8,000 | 9,950 | 26 | 107 | 133 | |||||||||||||
RED ROBIN GOURMET BURGERS | 250 | 800 | 1,050 | 13 | 43 | 56 | |||||||||||||
REDBACK NETWORKS | 3 | 2,774 | 2,777 | — | 15 | 15 | |||||||||||||
REDBACK NETWORKS WT | 3 | 78 | 81 | — | — | — | |||||||||||||
REDWOOD EMPIRE BANCORP | — | 450 | 450 | — | 13 | 13 | |||||||||||||
REDWOOD TR . | 200 | 900 | 1,100 | 12 | 56 | 68 | |||||||||||||
REGAL BELOIT | 400 | 1,200 | 1,600 | 11 | 34 | 45 | |||||||||||||
REGAL ENTMT GROUP CL A | 2,090 | 6,000 | 8,090 | 43 | 125 | 168 | |||||||||||||
REGENCY CTRS | 886 | 2,800 | 3,686 | 49 | 155 | 204 | |||||||||||||
REGENERATION TECHNOLOGIES | 200 | — | 200 | 2 | — | 2 | |||||||||||||
REGENERON PHARMACEUTICALS | 1,450 | 3,300 | 4,750 | 13 | 30 | 43 | |||||||||||||
REGENT COMMUNICATIONS | 1,250 | 3,100 | 4,350 | 7 | 16 | 23 | |||||||||||||
REGIS CORP MINNESOTA | 400 | 2,000 | 2,400 | 18 | 92 | 110 | |||||||||||||
REGISTER | — | 1,645 | 1,645 | — | 10 | 10 | |||||||||||||
REHABCARE GROUP | 300 | 1,300 | 1,600 | 8 | 36 | 44 | |||||||||||||
REINSURANCE GROUP AMER | 870 | 2,550 | 3,420 | 42 | 124 | 166 | |||||||||||||
RELIANCE STL + ALUM CO | 350 | 1,300 | 1,650 | 14 | 51 | 65 | |||||||||||||
RELIANT ENERGY | 4,344 | 12,500 | 16,844 | 59 | 171 | 230 | |||||||||||||
REMEC | 1,050 | 3,600 | 4,650 | 8 | 26 | 34 | |||||||||||||
REMINGTON OIL GAS | 610 | 1,500 | 2,110 | 17 | 41 | 58 | |||||||||||||
RENAISSANCE LEARNING | 450 | 1,500 | 1,950 | 8 | 28 | 36 | |||||||||||||
RENAL CARE GROUP | 977 | 3,300 | 4,277 | 35 | 119 | 154 | |||||||||||||
RENT A CTR | 1,650 | 3,150 | 4,800 | 44 | 83 | 127 | |||||||||||||
RENT WAY | 600 | 2,000 | 2,600 | 5 | 16 | 21 | |||||||||||||
RENTRAK | — | 1,000 | 1,000 | — | 13 | 13 | |||||||||||||
REPUBLIC BANCORP | 1,188 | 3,955 | 5,143 | 18 | 60 | 78 | |||||||||||||
REPUBLIC BANCORP -CL.A | 400 | — | 400 | 10 | — | 10 | |||||||||||||
REPUBLIC SVCS | 2,150 | 6,700 | 8,850 | 72 | 225 | 297 | |||||||||||||
RES CARE | 600 | 1,900 | 2,500 | 9 | 29 | 38 | |||||||||||||
RESEARCH FRONTIERS | — | 1,900 | 1,900 | — | 12 | 12 | |||||||||||||
RESMED | 950 | 1,700 | 2,650 | 49 | 87 | 136 | |||||||||||||
RESOURCES CONNECTION | 450 | 1,200 | 1,650 | 24 | 65 | 89 | |||||||||||||
RESPIRONICS | 350 | 1,600 | 1,950 | 19 | 87 | 106 | |||||||||||||
RESTORATION HARDWARE | — | 4,100 | 4,100 | — | 24 | 24 | |||||||||||||
RETAIL VENTURES | 900 | — | 900 | 6 | — | 6 | |||||||||||||
RETEK | — | 4,045 | 4,045 | — | 25 | 25 | |||||||||||||
REVLON CL A | — | 15,600 | 15,600 | — | 36 | 36 | |||||||||||||
REX STORES | — | 750 | 750 | — | 11 | 11 | |||||||||||||
REYNOLDS + REYNOLDS CO CL A | 2,100 | 3,100 | 5,200 | 56 | 82 | 138 | |||||||||||||
RF MICRO DEVICES | 4,730 | 8,200 | 12,930 | 32 | 56 | 88 | |||||||||||||
RGC RES | — | 700 | 700 | — | 18 | 18 | |||||||||||||
RH DONNELLEY | 370 | 1,600 | 1,970 | 22 | 94 | 116 |
Page B-51
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
RIGEL PHARMACEUTICALS | 300 | 900 | 1,200 | 7 | 22 | 29 | |||||||||||||
RIGGS NATL | 350 | — | 350 | 7 | — | 7 | |||||||||||||
RIGHTNOW TECHNOLOGIES | — | 2,100 | 2,100 | — | 34 | 34 | |||||||||||||
RIMAGE | — | 1,100 | 1,100 | — | 18 | 18 | |||||||||||||
RITA MED SYS | — | 1,010 | 1,010 | — | 4 | 4 | |||||||||||||
RITE AID | 4,750 | 21,900 | 26,650 | 17 | 80 | 97 | |||||||||||||
RIVERVIEW BANCORP | — | 200 | 200 | — | 4 | 4 | |||||||||||||
RLI | 300 | 800 | 1,100 | 12 | 33 | 45 | |||||||||||||
ROBBINS + MYERS | — | 900 | 900 | — | 21 | 21 | |||||||||||||
ROCHESTER MED | — | 800 | 800 | — | 8 | 8 | |||||||||||||
ROCK TENN CO CL A | 890 | 1,800 | 2,690 | 13 | 27 | 40 | |||||||||||||
ROCKFORD | — | 2,600 | 2,600 | — | 5 | 5 | |||||||||||||
ROCKY MTN CHOCOLATE FACTORY | — | 2,422 | 2,422 | — | 35 | 35 | |||||||||||||
ROGERS | 250 | 800 | 1,050 | 11 | 34 | 45 | |||||||||||||
ROLLINS | 500 | 1,950 | 2,450 | 13 | 51 | 64 | |||||||||||||
ROPER INDS | 613 | 1,600 | 2,213 | 37 | 97 | 134 | |||||||||||||
ROSS STORES | 2,202 | 6,100 | 8,302 | 64 | 176 | 240 | |||||||||||||
ROYAL CARIBBEAN CRUISES LTD SHS | 2,811 | 8,210 | 11,021 | 153 | 447 | 600 | |||||||||||||
ROYAL GOLD | 350 | 1,700 | 2,050 | 6 | 31 | 37 | |||||||||||||
RPM INTL | 2,300 | 4,700 | 7,000 | 45 | 92 | 137 | |||||||||||||
RSA SEC | 1,850 | 2,950 | 4,800 | 37 | 59 | 96 | |||||||||||||
RUBY TUESDAY | 600 | 2,800 | 3,400 | 16 | 73 | 89 | |||||||||||||
RUDDICK | 1,100 | 2,200 | 3,300 | 24 | 48 | 72 | |||||||||||||
RUDOLPH TECHNOLOGIES | 300 | 1,400 | 1,700 | 5 | 24 | 29 | |||||||||||||
RURAL CELLUAR CL A | — | 1,700 | 1,700 | — | 11 | 11 | |||||||||||||
RUSS BERRIE + CO | 300 | 1,100 | 1,400 | 7 | 25 | 32 | |||||||||||||
RUSSELL | 600 | 1,400 | 2,000 | 12 | 27 | 39 | |||||||||||||
RYANS RESTAURANT GROUP | 850 | 1,700 | 2,550 | 13 | 26 | 39 | |||||||||||||
RYERSON TULL | 500 | 1,900 | 2,400 | 8 | 30 | 38 | |||||||||||||
RYLAND GROUP | 1,186 | 1,860 | 3,046 | 68 | 107 | 175 | |||||||||||||
S + T BANCORP | 500 | 1,300 | 1,800 | 19 | 49 | 68 | |||||||||||||
S S & C TECHNOLOGIES | 350 | — | 350 | 7 | — | 7 | |||||||||||||
S Y BANCORP | 350 | 1,100 | 1,450 | 8 | 27 | 35 | |||||||||||||
S1 | 1,100 | 3,500 | 4,600 | 10 | 32 | 42 | |||||||||||||
SABA SOFTWARE | 187 | — | 187 | 1 | — | 1 | |||||||||||||
SAFEGUARD SCIENTIFICS | — | 9,900 | 9,900 | — | 21 | 21 | |||||||||||||
SAFENET | 1,133 | 823 | 1,956 | 42 | 30 | 72 | |||||||||||||
SAFETY INSURANCE GRP | 1,015 | — | 1,015 | 32 | — | 32 | |||||||||||||
SAGA COMMUNICATIONS CL A | 400 | 1,150 | 1,550 | 7 | 19 | 26 | |||||||||||||
SAKS | 1,500 | 5,675 | 7,175 | 22 | 82 | 104 | |||||||||||||
SALEM COMMUNICATIONS CL A | 250 | 1,400 | 1,650 | 6 | 35 | 41 | |||||||||||||
SALESFORCE | 1,540 | 4,600 | 6,140 | 26 | 78 | 104 |
Page B-52
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
SALIX PHARMACEUTICALS LTD | 825 | 1,950 | 2,775 | 15 | 34 | 49 | |||||||||||||
SAMSONITE CORPORATION | 5,900 | — | 5,900 | 5 | — | 5 | |||||||||||||
SANDERS MORRIS HARIS GROUP | — | 2,600 | 2,600 | — | 46 | 46 | |||||||||||||
SANDERSON FARMS | 390 | 750 | 1,140 | 17 | 32 | 49 | |||||||||||||
SANDISK | 2,270 | 6,700 | 8,970 | 57 | 167 | 224 | |||||||||||||
SANDY SPRING BANCORP CMT | 330 | 900 | 1,230 | 13 | 34 | 47 | |||||||||||||
SANGAMO BIOSCIENCES | — | 3,100 | 3,100 | — | 19 | 19 | |||||||||||||
SANTANDER BANCORP | 440 | 1,875 | 2,315 | 13 | 57 | 70 | |||||||||||||
SANTARUS | 500 | — | 500 | 5 | — | 5 | |||||||||||||
SAPIENT | 1,450 | 5,000 | 6,450 | 11 | 40 | 51 | |||||||||||||
SATCON TECHNOLOGY | — | 3,200 | 3,200 | — | 6 | 6 | |||||||||||||
SAUCONY CL B | — | 1,200 | 1,200 | — | 33 | 33 | |||||||||||||
SAUER DANFOSS | 550 | 1,800 | 2,350 | 12 | 39 | 51 | |||||||||||||
SAUL CTRS | 250 | 1,400 | 1,650 | 10 | 54 | 64 | |||||||||||||
SAVANNAH BANCORP | — | 925 | 925 | — | 25 | 25 | |||||||||||||
SAVIENT PHARMACEUTICALS | — | 4,700 | 4,700 | — | 13 | 13 | |||||||||||||
SAXON CAP | 520 | 2,100 | 2,620 | 12 | 50 | 62 | |||||||||||||
SBS TECHNOLOGIES | — | 1,300 | 1,300 | — | 18 | 18 | |||||||||||||
SCANA | 1,530 | 4,610 | 6,140 | 60 | 182 | 242 | |||||||||||||
SCANSOFT | 1,400 | 4,800 | 6,200 | 6 | 20 | 26 | |||||||||||||
SCANSOURCE | 400 | 700 | 1,100 | 25 | 44 | 69 | |||||||||||||
SCHEIN HENRY | 600 | 2,000 | 2,600 | 42 | 139 | 181 | |||||||||||||
SCHLOTZSKYS | — | 2,100 | 2,100 | — | — | — | |||||||||||||
SCHNITZER STEEL INDS CL A | 375 | — | 375 | 13 | — | 13 | |||||||||||||
SCHOLASTIC | 250 | 1,600 | 1,850 | 9 | 59 | 68 | |||||||||||||
SCHOOL SPECIALTY | 350 | 576 | 926 | 13 | 22 | 35 | |||||||||||||
SCHULMAN A | 350 | 1,300 | 1,650 | 7 | 28 | 35 | |||||||||||||
SCHWEITZER MAUDUIT INTL | 230 | 1,100 | 1,330 | 8 | 37 | 45 | |||||||||||||
SCIENTIFIC GAMES CL A | 700 | 3,000 | 3,700 | 17 | 72 | 89 | |||||||||||||
SCO GROUP | — | 1,200 | 1,200 | — | 5 | 5 | |||||||||||||
SCOTTS CO CL A | 750 | 1,200 | 1,950 | 55 | 88 | 143 | |||||||||||||
SCP POOL | 765 | 1,612 | 2,377 | 24 | 51 | 75 | |||||||||||||
SCRIPPS E W CO OH CL A | 2,160 | 6,640 | 8,800 | 104 | 321 | 425 | |||||||||||||
SCS TRANSPORTATION | 300 | — | 300 | 7 | — | 7 | |||||||||||||
SEABORD | — | 50 | 50 | — | 50 | 50 | |||||||||||||
SEABULK INTERNATIONAL | 1,727 | — | 1,727 | 21 | — | 21 | |||||||||||||
SEACHANGE INTL | 450 | 1,000 | 1,450 | 8 | 17 | 25 | |||||||||||||
SEACOAST BANKING . | 350 | — | 350 | 8 | — | 8 | |||||||||||||
SEACOR HLDGS | 250 | 900 | 1,150 | 13 | 48 | 61 | |||||||||||||
SEAGATE TECHNOLOGY SHS | 6,742 | 19,800 | 26,542 | 116 | 342 | 458 | |||||||||||||
SEATTLE GENETICS | 1,420 | 3,000 | 4,420 | 9 | 20 | 29 | |||||||||||||
SECURE PUTING | 790 | 2,400 | 3,190 | 8 | 24 | 32 |
Page B-53
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
SEEBEYOND TECHNOLOGY | 800 | 4,000 | 4,800 | 3 | 14 | 17 | |||||||||||||
SEI INVESTMENTS CO | 2,950 | 4,700 | 7,650 | 124 | 197 | 321 | |||||||||||||
SELECT FORT OC CAP STK | 900 | 2,000 | 2,900 | 16 | 36 | 52 | |||||||||||||
SELECT MED OC | 3,225 | 4,200 | 7,425 | 57 | 74 | 131 | |||||||||||||
SELECTIVE INS GROUP | 600 | 1,300 | 1,900 | 27 | 58 | 85 | |||||||||||||
SEMCO ENERGY | — | 3,000 | 3,000 | — | 16 | 16 | |||||||||||||
SEMITOOL | — | 2,600 | 2,600 | — | 24 | 24 | |||||||||||||
SEMTECH | 1,000 | 3,400 | 4,400 | 22 | 74 | 96 | |||||||||||||
SENIOR HSG PPTSY TR SH BEN INT | 700 | 2,460 | 3,160 | 13 | 47 | 60 | |||||||||||||
SENSIENT TECHNOLOGIES | 680 | 2,100 | 2,780 | 16 | 50 | 66 | |||||||||||||
SEPRACOR | 1,275 | 3,800 | 5,075 | 76 | 226 | 302 | |||||||||||||
SEQUA CL A | 200 | 600 | 800 | 12 | 37 | 49 | |||||||||||||
SEQUENOM | — | 3,100 | 3,100 | — | 4 | 4 | |||||||||||||
SERACARE LIFE SCIENCES | — | 900 | 900 | — | 13 | 13 | |||||||||||||
SERENA SOFTWARE | 600 | 1,700 | 2,300 | 13 | 37 | 50 | |||||||||||||
SEROLOGICALS | 610 | 1,200 | 1,810 | 13 | 27 | 40 | |||||||||||||
SERVICE INTL | 3,300 | 12,600 | 15,900 | 25 | 94 | 119 | |||||||||||||
SERVICE MASTER COMPANY | 8,000 | 12,350 | 20,350 | 110 | 170 | 280 | |||||||||||||
SFBC INTL | 300 | 1,200 | 1,500 | 12 | 47 | 59 | |||||||||||||
SHARPER IMAGE | 370 | 800 | 1,170 | 7 | 15 | 22 | |||||||||||||
SHAW GROUP | 750 | 2,400 | 3,150 | 13 | 43 | 56 | |||||||||||||
SHELBOURNE II LIQ TRUST | 200 | — | 200 | 3 | — | 3 | |||||||||||||
SHELBOURNE PPTYS II | — | 200 | 200 | — | 1 | 1 | |||||||||||||
SHELBOURNE PPTYS III | — | 1,200 | 1,200 | — | 1 | 1 | |||||||||||||
SHENANDOAH TELECOMM CO | 400 | — | 400 | 12 | — | 12 | |||||||||||||
SHOE CARNIVAL | — | 900 | 900 | — | 12 | 12 | |||||||||||||
SHOPKO STORES | 550 | 2,000 | 2,550 | 10 | 37 | 47 | |||||||||||||
SHUFFLE MASTER | 390 | 1,499 | 1,889 | 18 | 71 | 89 | |||||||||||||
SHURGARD STORAGE CTRS CL A | 1,200 | 2,100 | 3,300 | 53 | 92 | 145 | |||||||||||||
SIERRA HEALTH SVCS | 550 | 1,300 | 1,850 | 30 | 72 | 102 | |||||||||||||
SIERRA PAC RES | 1,800 | 5,300 | 7,100 | 19 | 56 | 75 | |||||||||||||
SIGMA DESIGNS | — | 1,600 | 1,600 | — | 16 | 16 | |||||||||||||
SIGMATRON INTL | — | 900 | 900 | — | 12 | 12 | |||||||||||||
SIGNATURE BK YORK NY | 300 | 1,000 | 1,300 | 10 | 32 | 42 | |||||||||||||
SILGAN HLDGS | 230 | 1,100 | 1,330 | 14 | 67 | 81 | |||||||||||||
SILICON GRAPHICS | 13,514 | 17,800 | 31,314 | 23 | 31 | 54 | |||||||||||||
SILICON IMAGE | 1,220 | — | 1,220 | 20 | — | 20 | |||||||||||||
SILICON LABORATORIES OC | 1,450 | 2,300 | 3,750 | 51 | 81 | 132 | |||||||||||||
SILICON STORAGE TECHNOLOGY | 990 | 4,700 | 5,690 | 6 | 28 | 34 | |||||||||||||
SILICON VY BANCSHARES | 650 | 1,500 | 2,150 | 29 | 67 | 96 | |||||||||||||
SILICONIX | 450 | 1,500 | 1,950 | 16 | 55 | 71 | |||||||||||||
SIMON PPTY GROUP | — | 587 | 587 | — | 38 | 38 |
Page B-54
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
SIMPLETECH | — | 5,100 | 5,100 | — | 23 | 23 | |||||||||||||
SIMPSON MFG | 800 | 1,600 | 2,400 | 28 | 56 | 84 | |||||||||||||
SINCLAIR BROADCAST GROUP CL A | 1,510 | 2,700 | 4,210 | 14 | 25 | 39 | |||||||||||||
SIPEX | — | 3,100 | 3,100 | — | 15 | 15 | |||||||||||||
SIRENZA MICRODEVICES | 950 | 3,000 | 3,950 | 6 | 20 | 26 | |||||||||||||
SIRF TECHNOLOGY HLDGS | 550 | 2,900 | 3,450 | 7 | 37 | 44 | |||||||||||||
SIRIUS SATELLITE RADIO | 22,710 | 52,500 | 75,210 | 174 | 402 | 576 | |||||||||||||
SIRNA THERAPEUTICS | 1,806 | 3,300 | 5,106 | 6 | 10 | 16 | |||||||||||||
SIRVA | 1,600 | 2,900 | 4,500 | 31 | 56 | 87 | |||||||||||||
SIX FLAGS | 1,250 | 4,400 | 5,650 | 7 | 24 | 31 | |||||||||||||
SIZELER PPTY INVS | — | 1,100 | 1,100 | — | 13 | 13 | |||||||||||||
SKECHERS FOOT WEAR | 600 | — | 600 | 8 | — | 8 | |||||||||||||
SKY FINL GROUP | 1,393 | 4,714 | 6,107 | 40 | 135 | 175 | |||||||||||||
SKYLINE | 200 | 400 | 600 | 8 | 16 | 24 | |||||||||||||
SKYTERRA COMMUNICATIONS | — | 2,000 | 2,000 | — | 54 | 54 | |||||||||||||
SKYWEST | 830 | 2,600 | 3,430 | 17 | 52 | 69 | |||||||||||||
SKYWORKS SOLUTIONS | 1,510 | 6,200 | 7,710 | 14 | 58 | 72 | |||||||||||||
SL GREEN RLTY | 390 | 1,700 | 2,090 | 24 | 103 | 127 | |||||||||||||
SMART + FINAL | 500 | 1,800 | 2,300 | 7 | 26 | 33 | |||||||||||||
SMITH A O | 960 | 1,100 | 2,060 | 29 | 33 | 62 | |||||||||||||
SMITH INTL | 1,400 | 4,500 | 5,900 | 76 | 245 | 321 | |||||||||||||
SMITHFIELD FOODS | 1,233 | 4,700 | 5,933 | 36 | 139 | 175 | |||||||||||||
SMUCKER J M CO | 601 | 2,236 | 2,837 | 28 | 105 | 133 | |||||||||||||
SMURFIT STONE CONTAINER | 3,693 | 10,800 | 14,493 | 69 | 202 | 271 | |||||||||||||
SOCKET COMMUNICATIONS | — | 1,200 | 1,200 | — | 2 | 2 | |||||||||||||
SOLA INTL | 610 | 1,100 | 1,710 | 17 | 30 | 47 | |||||||||||||
SOMERA COMMUNICATIONS | 1,150 | 2,800 | 3,950 | 1 | 4 | 5 | |||||||||||||
SONIC | 505 | 2,362 | 2,867 | 15 | 72 | 87 | |||||||||||||
SONIC AUTOMOTIVE CL A | 620 | 1,300 | 1,920 | 15 | 32 | 47 | |||||||||||||
SONIC INNOVATIONS | — | 1,900 | 1,900 | — | 8 | 8 | |||||||||||||
SONIC SOLUTIONS | 300 | 1,300 | 1,600 | 7 | 29 | 36 | |||||||||||||
SONICWALL | 1,800 | 4,800 | 6,600 | 11 | 30 | 41 | |||||||||||||
SONOCO PRODS CO | 1,427 | 4,360 | 5,787 | 42 | 129 | 171 | |||||||||||||
SONOSITE | 350 | 1,200 | 1,550 | 12 | 41 | 53 | |||||||||||||
SONUS NETWORKS | 4,761 | 9,490 | 14,251 | 27 | 54 | 81 | |||||||||||||
SOTHEBYS HLDGS CL A | 700 | 2,300 | 3,000 | 13 | 42 | 55 | |||||||||||||
SOUND FED BANCORP | — | 1,390 | 1,390 | — | 23 | 23 | |||||||||||||
SOURCE | — | 1,200 | 1,200 | — | 23 | 23 | |||||||||||||
SOURCE INTERLINK COS | — | 1,900 | 1,900 | — | 25 | 25 | |||||||||||||
SOUTH FINL GROUP | 610 | 3,054 | 3,664 | 20 | 99 | 119 | |||||||||||||
SOUTH JERSEY INDS | 310 | 600 | 910 | 16 | 32 | 48 | |||||||||||||
SOUTHERN PERU COPPER | 1,100 | 3,300 | 4,400 | 52 | 156 | 208 |
Page B-55
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
SOUTHERN UN CO | 2,181 | 3,121 | 5,302 | 52 | 75 | 127 | |||||||||||||
SOUTHWEST BANCORP OKLA | — | 1,300 | 1,300 | — | 32 | 32 | |||||||||||||
SOUTHWEST BANCORPORATION TEX | 1,200 | 3,100 | 4,300 | 28 | 72 | 100 | |||||||||||||
SOUTHWEST GAS | 680 | 1,000 | 1,680 | 17 | 25 | 42 | |||||||||||||
SOUTHWESTERN ENERGY CO | 550 | 1,500 | 2,050 | 28 | 76 | 104 | |||||||||||||
SOVEREIGN BANCORP | — | 643 | 643 | — | 14 | 14 | |||||||||||||
SOVRAN SELF STORAGE REIT | 200 | — | 200 | 8 | — | 8 | |||||||||||||
SPACEHAB | — | 5,700 | 5,700 | — | 12 | 12 | |||||||||||||
SPANISH BROADCASTING SYS CL A | 750 | 2,500 | 3,250 | 8 | 26 | 34 | |||||||||||||
SPARTECH | 740 | 1,200 | 1,940 | 20 | 33 | 53 | |||||||||||||
SPECIALTY LABORATORIES | — | 2,300 | 2,300 | — | 25 | 25 | |||||||||||||
SPECTRALINK | — | 1,600 | 1,600 | — | 23 | 23 | |||||||||||||
SPECTRASITE | 713 | 2,200 | 2,913 | 41 | 127 | 168 | |||||||||||||
SPEEDWAY MOTORSPORTS | 620 | 1,800 | 2,420 | 24 | 71 | 95 | |||||||||||||
SPHERION | 1,280 | 2,700 | 3,980 | 11 | 23 | 34 | |||||||||||||
SPINNAKER EXPL CO | 800 | 1,300 | 2,100 | 28 | 46 | 74 | |||||||||||||
SPORTS AUTH | 250 | 1,196 | 1,446 | 6 | 31 | 37 | |||||||||||||
SPORTS RESORTS INTL | 3,847 | 4,000 | 7,847 | 11 | 12 | 23 | |||||||||||||
SPORTSMANS GUIDE | — | 200 | 200 | — | 5 | 5 | |||||||||||||
SPSS | — | 1,600 | 1,600 | — | 25 | 25 | |||||||||||||
SPX | 834 | 3,336 | 4,170 | 33 | 134 | 167 | |||||||||||||
SRA INTL CL A | 330 | 1,100 | 1,430 | 21 | 71 | 92 | |||||||||||||
SRS LABS | — | 2,700 | 2,700 | — | 17 | 17 | |||||||||||||
ST JOE CO | 1,070 | 3,300 | 4,370 | 69 | 212 | 281 | |||||||||||||
ST MARY LD + EXPL CO | 400 | 1,300 | 1,700 | 17 | 54 | 71 | |||||||||||||
STAGE STORES | 320 | 1,000 | 1,320 | 13 | 42 | 55 | |||||||||||||
STAMPS.COM | 1,494 | — | 1,494 | 24 | — | 24 | |||||||||||||
STANCORP FINL GROUP | 300 | 1,300 | 1,600 | 25 | 107 | 132 | |||||||||||||
STANDARD L | 878 | 600 | 1,478 | 17 | 12 | 29 | |||||||||||||
STANDARD MGMT | — | 1,400 | 1,400 | — | 5 | 5 | |||||||||||||
STANDARD MICROSYSTEMS COR | 300 | — | 300 | 5 | — | 5 | |||||||||||||
STANDARD MTR PRODS | 550 | 1,500 | 2,050 | 9 | 24 | 33 | |||||||||||||
STANDARD PAC | 350 | 1,400 | 1,750 | 22 | 90 | 112 | |||||||||||||
STANDARD REGISTER | — | 800 | 800 | — | 11 | 11 | |||||||||||||
STANLEY FURNITURE | — | 600 | 600 | — | 27 | 27 | |||||||||||||
STAR SCIENTIFIC | — | 3,400 | 3,400 | — | 17 | 17 | |||||||||||||
STARTEK | 200 | 1,100 | 1,300 | 6 | 31 | 37 | |||||||||||||
STATE AUTO FINL | 870 | 1,800 | 2,670 | 22 | 47 | 69 | |||||||||||||
STATE BANCORP N Y | — | 1,126 | 1,126 | — | 31 | 31 | |||||||||||||
STATION CASINOS | 870 | 2,750 | 3,620 | 48 | 150 | 198 | |||||||||||||
STATS CHIPPAC LTD SPONSORED ADR | — | 4,437 | 4,437 | — | 27 | 27 | |||||||||||||
STEEL DYNAMICS | 532 | 2,200 | 2,732 | 20 | 83 | 103 |
Page B-56
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
STEEL TECHNOLOGIES | — | 1,100 | 1,100 | — | 30 | 30 | |||||||||||||
STEELCASE CL A | 2,159 | 5,800 | 7,959 | 30 | 80 | 110 | |||||||||||||
STEELCLOUD | — | 1,800 | 1,800 | — | 3 | 3 | |||||||||||||
STEIN MART | 930 | 2,700 | 3,630 | 16 | 46 | 62 | |||||||||||||
STEINWAY MUSICAL INSTRS | 200 | 600 | 800 | 6 | 17 | 23 | |||||||||||||
STELLENT | — | 2,000 | 2,000 | — | 18 | 18 | |||||||||||||
STERICYCLE | 450 | 1,600 | 2,050 | 21 | 74 | 95 | |||||||||||||
STERIS | 1,691 | 2,800 | 4,491 | 40 | 66 | 106 | |||||||||||||
STERLING BANCORP/NY | 300 | — | 300 | 8 | — | 8 | |||||||||||||
STERLING BANCSHARES | 700 | 2,450 | 3,150 | 10 | 35 | 45 | |||||||||||||
STERLING FINL | 500 | 1,593 | 2,093 | 14 | 46 | 60 | |||||||||||||
STERLING FINL WASH | 440 | 1,412 | 1,852 | 17 | 55 | 72 | |||||||||||||
STEWART + STEVENSON SVCS | 400 | 1,100 | 1,500 | 8 | 22 | 30 | |||||||||||||
STEWART ENTERPRISES CL A | 1,660 | 4,000 | 5,660 | 12 | 28 | 40 | |||||||||||||
STEWART INFORMATION SVCS | 380 | 900 | 1,280 | 16 | 37 | 53 | |||||||||||||
STILLWATER MNG CO | 1,399 | 4,717 | 6,116 | 16 | 53 | 69 | |||||||||||||
STONE ENERGY | 410 | 1,100 | 1,510 | 19 | 50 | 69 | |||||||||||||
STONERIDGE | 500 | — | 500 | 8 | — | 8 | |||||||||||||
STORAGE TECHNOLOGY | 1,550 | 4,900 | 6,450 | 49 | 155 | 204 | |||||||||||||
STRATEGIC DISTR | — | 1,400 | 1,400 | — | 19 | 19 | |||||||||||||
STRATEGIC HOTEL CAP | — | 2,300 | 2,300 | — | 38 | 38 | |||||||||||||
STRATEX NETWORKS | — | 4,110 | 4,110 | — | 9 | 9 | |||||||||||||
STRATOS INTERNATIONAL | 210 | 726 | 936 | 1 | 3 | 4 | |||||||||||||
STRAYER ED | 200 | 450 | 650 | 22 | 49 | 71 | |||||||||||||
STRIDE RITE | 1,250 | 2,800 | 4,050 | 14 | 31 | 45 | |||||||||||||
STUDENT LN | 291 | 1,020 | 1,311 | 54 | 188 | 242 | |||||||||||||
STURM RUGER & CO | 600 | — | 600 | 6 | — | 6 | |||||||||||||
SUFFOLK BANCORP | 250 | 800 | 1,050 | 9 | 28 | 37 | |||||||||||||
SUMMIT BANKSHARES FT WORTH | — | 700 | 700 | — | 26 | 26 | |||||||||||||
SUMMIT PPTYS | 520 | 1,400 | 1,920 | 17 | 46 | 63 | |||||||||||||
SUN BANCORP | 350 | — | 350 | 9 | — | 9 | |||||||||||||
SUN CMNTYS | 450 | 1,100 | 1,550 | 18 | 44 | 62 | |||||||||||||
SUNRISE SENIOR LIVING | 300 | 900 | 1,200 | 14 | 42 | 56 | |||||||||||||
SUNRISE TELECOM | — | 5,900 | 5,900 | — | 17 | 17 | |||||||||||||
SUPERCONDUCTOR TECHNOLOGIES | — | 800 | 800 | — | 1 | 1 | |||||||||||||
SUPERIOR ENERGY SVCS | 1,550 | 3,600 | 5,150 | 24 | 55 | 79 | |||||||||||||
SUPERIOR INDS INTL | 300 | 1,000 | 1,300 | 9 | 29 | 38 | |||||||||||||
SUPERIOR UNIFORM GROUP | — | 1,200 | 1,200 | — | 18 | 18 | |||||||||||||
SUPPORTSOFT | — | 2,800 | 2,800 | — | 19 | 19 | |||||||||||||
SUREWEST COMMUNICATIONS | 250 | 700 | 950 | 7 | 20 | 27 | |||||||||||||
SURMODICS | 350 | 1,200 | 1,550 | 11 | 39 | 50 | |||||||||||||
SUSQUEHANNA BANCSHARES PA | 610 | 2,050 | 2,660 | 15 | 51 | 66 |
Page B-57
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
SWIFT ENERGY CO | 350 | 1,900 | 2,250 | 10 | 55 | 65 | |||||||||||||
SWIFT TRANSN | 1,527 | 3,490 | 5,017 | 33 | 75 | 108 | |||||||||||||
SWS GROUP | 450 | 1,283 | 1,733 | 10 | 28 | 38 | |||||||||||||
SYBASE | 2,650 | 3,972 | 6,622 | 53 | 79 | 132 | |||||||||||||
SYBRON DENTAL SPECIALTIES | 650 | 1,900 | 2,550 | 23 | 67 | 90 | |||||||||||||
SYCAMORE NETWORKS | 2,550 | 11,950 | 14,500 | 10 | 49 | 59 | |||||||||||||
SYKES ENTERPRISES | — | 3,400 | 3,400 | — | 24 | 24 | |||||||||||||
SYMBION DE | — | 1,600 | 1,600 | — | 35 | 35 | |||||||||||||
SYMMETRICOM | — | 3,400 | 3,400 | — | 33 | 33 | |||||||||||||
SYMS | — | 1,400 | 1,400 | — | 17 | 17 | |||||||||||||
SYMYX TECHNOLOGIES | 400 | 1,350 | 1,750 | 12 | 41 | 53 | |||||||||||||
SYNALLOY | — | 1,500 | 1,500 | — | 15 | 15 | |||||||||||||
SYNAPTICS | 350 | 1,600 | 1,950 | 11 | 49 | 60 | |||||||||||||
SYNOPSYS | 1,720 | 6,566 | 8,286 | 34 | 129 | 163 | |||||||||||||
SYNOVIS LIFE TECHNOLOGIES | — | 700 | 700 | — | 8 | 8 | |||||||||||||
SYNTEL | 610 | 2,100 | 2,710 | 11 | 37 | 48 | |||||||||||||
SYNTROLEUM | — | 4,900 | 4,900 | — | 39 | 39 | |||||||||||||
SYPRIS SOLUTIONS | — | 700 | 700 | — | 11 | 11 | |||||||||||||
T HQ | 550 | 1,625 | 2,175 | 13 | 37 | 50 | |||||||||||||
TAKE TWO INTERACTIVE SOFTWARE CDT | 1,030 | 1,800 | 2,830 | 36 | 63 | 99 | |||||||||||||
TALBOTS | 950 | 2,400 | 3,350 | 26 | 65 | 91 | |||||||||||||
TALX | — | 940 | 940 | — | 24 | 24 | |||||||||||||
TANDY BRANDS ACCESSORIES | — | 1,400 | 1,400 | — | 21 | 21 | |||||||||||||
TANGER FACTORY OUTLET CTRS | 540 | 1,600 | 2,140 | 14 | 42 | 56 | |||||||||||||
TANOX | 550 | 1,700 | 2,250 | 8 | 26 | 34 | |||||||||||||
TARRANT APPAREL GROUP | — | 2,400 | 2,400 | — | 6 | 6 | |||||||||||||
TASER INTL | 760 | 2,400 | 3,160 | 24 | 76 | 100 | |||||||||||||
TAUBMAN CENTERS REIT | 1,200 | 2,000 | 3,200 | 36 | 60 | 96 | |||||||||||||
TBC | 230 | 1,100 | 1,330 | 6 | 31 | 37 | |||||||||||||
TC PIPELINES LP UNIT LTD PARNERSHIP INT | 330 | 1,000 | 1,330 | 13 | 38 | 51 | |||||||||||||
TCF FINANCIAL | 2,000 | 6,400 | 8,400 | 64 | 206 | 270 | |||||||||||||
TECH DATA | 1,180 | 2,700 | 3,880 | 54 | 123 | 177 | |||||||||||||
TECHNE | 1,100 | 1,800 | 2,900 | 43 | 70 | 113 | |||||||||||||
TECHNICAL OLYMPIC USA | 570 | 2,150 | 2,720 | 15 | 55 | 70 | |||||||||||||
TECHNITROL | 450 | 1,600 | 2,050 | 8 | 29 | 37 | |||||||||||||
TECHNOLOGY SOLUTIONS CO | — | 5,200 | 5,200 | — | 6 | 6 | |||||||||||||
TECUMSEH PRODS CO CL A | 1,470 | 800 | 2,270 | 70 | 38 | 108 | |||||||||||||
TEJON RANCH CO | 370 | — | 370 | 15 | — | 15 | |||||||||||||
TEKELEC | 550 | 2,600 | 3,150 | 11 | 53 | 64 | |||||||||||||
TEKTRONIX | — | 460 | 460 | — | 14 | 14 | |||||||||||||
TELECOMCOMMUNICATION SYS CL A | — | 600 | 600 | — | 2 | 2 | |||||||||||||
TELEDYNE TECHNOLOGIES | 500 | 900 | 1,400 | 15 | 26 | 41 |
Page B-58
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
TELEFLEX | 1,030 | 1,700 | 2,730 | 54 | 88 | 142 | |||||||||||||
TELEPHONE + DATA SYS | 790 | 2,500 | 3,290 | 61 | 192 | 253 | |||||||||||||
TELETECH HLDGS | 950 | 4,640 | 5,590 | 9 | 45 | 54 | |||||||||||||
TELIK | 700 | 1,700 | 2,400 | 13 | 33 | 46 | |||||||||||||
TELLABS | — | 1,814 | 1,814 | — | 16 | 16 | |||||||||||||
TEMPUR PEDIC INTL | 2,750 | 4,100 | 6,850 | 58 | 87 | 145 | |||||||||||||
TENNANT CO | 200 | 700 | 900 | 8 | 28 | 36 | |||||||||||||
TENNECO AUTOMOTIVE | 550 | — | 550 | 10 | — | 10 | |||||||||||||
TEPPCO PARTNERS L P | 860 | 2,600 | 3,460 | 34 | 102 | 136 | |||||||||||||
TERAYON COMMUNICATION SYS | — | 5,100 | 5,100 | — | 14 | 14 | |||||||||||||
TEREX | 530 | 1,800 | 2,330 | 25 | 86 | 111 | |||||||||||||
TERRA INDUSTRIES | 2,060 | — | 2,060 | 18 | — | 18 | |||||||||||||
TERRA NITROGEN CO L P UNIT | — | 2,800 | 2,800 | — | 62 | 62 | |||||||||||||
TESORO | 800 | 2,900 | 3,700 | 26 | 92 | 118 | |||||||||||||
TESSERA TECHNOLOGIES | 660 | 1,700 | 2,360 | 25 | 63 | 88 | |||||||||||||
TETRA TECH | 950 | 2,400 | 3,350 | 16 | 40 | 56 | |||||||||||||
TETRA TECHNOLOGIES | 675 | 950 | 1,625 | 19 | 27 | 46 | |||||||||||||
TEXAS INDS | 380 | 800 | 1,180 | 24 | 50 | 74 | |||||||||||||
TEXAS REGL BANCSHARES CL A VTG | 975 | 1,891 | 2,866 | 32 | 62 | 94 | |||||||||||||
TEXAS ROADHOUSE CL A | — | 1,500 | 1,500 | — | 44 | 44 | |||||||||||||
THE STEAK AND SHAKE COMPANY | 400 | 1,200 | 1,600 | 8 | 24 | 32 | |||||||||||||
THERAGENICS | — | 1,200 | 1,200 | — | 5 | 5 | |||||||||||||
THERAVANCE | — | 2,200 | 2,200 | — | 39 | 39 | |||||||||||||
THERMA WAVE | — | 3,500 | 3,500 | — | 12 | 12 | |||||||||||||
THIRD WAVE TECHNOLOGIES | — | 5,600 | 5,600 | — | 48 | 48 | |||||||||||||
THOMAS + BETTS | 876 | 2,500 | 3,376 | 27 | 77 | 104 | |||||||||||||
THOMAS INDS | 200 | 1,000 | 1,200 | 8 | 40 | 48 | |||||||||||||
THOMAS NELSON . | 350 | — | 350 | 8 | — | 8 | |||||||||||||
THOR INDS | 1,000 | 2,600 | 3,600 | 37 | 96 | 133 | |||||||||||||
THORATEC | 950 | 2,202 | 3,152 | 10 | 23 | 33 | |||||||||||||
THORNBURG MTG | 1,209 | 3,500 | 4,709 | 35 | 101 | 136 | |||||||||||||
THREE FIVE SYS | 100 | 950 | 1,050 | — | 2 | 2 | |||||||||||||
TIBCO SOFTWARE | 2,930 | 8,550 | 11,480 | 39 | 114 | 153 | |||||||||||||
TIDEWATER | 1,464 | 2,400 | 3,864 | 52 | 85 | 137 | |||||||||||||
TIER TECHNOLOGIES CL B | — | 600 | 600 | — | 6 | 6 | |||||||||||||
TIMBERLAND CO CL A | 350 | 1,600 | 1,950 | 22 | 100 | 122 | |||||||||||||
TIME WARNER TELECOM CL A | 150 | 7,260 | 7,410 | 1 | 32 | 33 | |||||||||||||
TIMKEN CO | 1,000 | 3,500 | 4,500 | 26 | 91 | 117 | |||||||||||||
TIPPINGPOINT TECHNOLOGIES | — | 900 | 900 | — | 42 | 42 | |||||||||||||
TITAN | 680 | 3,449 | 4,129 | 11 | 56 | 67 | |||||||||||||
TITAN INTL ILL | — | 1,600 | 1,600 | — | 24 | 24 | |||||||||||||
TITAN PHARMACEUTICALS | — | 3,900 | 3,900 | — | 13 | 13 |
Page B-59
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
TIVO | 1,500 | 4,800 | 6,300 | 9 | 28 | 37 | |||||||||||||
TNS | — | 1,800 | 1,800 | — | 39 | 39 | |||||||||||||
TODCO CL A | — | 2,800 | 2,800 | — | 52 | 52 | |||||||||||||
TOLL BROS | 1,060 | 3,100 | 4,160 | 73 | 213 | 286 | |||||||||||||
TOLLGRADE COMMUNICATIONS | — | 650 | 650 | — | 8 | 8 | |||||||||||||
TOMPKINS COUNTY TRUST | 150 | — | 150 | 8 | — | 8 | |||||||||||||
TOO | 620 | 1,600 | 2,220 | 15 | 39 | 54 | |||||||||||||
TOOTSIE ROLL INDS | 1,350 | 1,993 | 3,343 | 47 | 69 | 116 | |||||||||||||
TOPPS . | 550 | — | 550 | 5 | — | 5 | |||||||||||||
TORCH OFFSHORE | — | 2,500 | 2,500 | — | 4 | 4 | |||||||||||||
TORO CO | 240 | 1,100 | 1,340 | 20 | 89 | 109 | |||||||||||||
TOTAL SYS SVCS | 2,866 | 8,300 | 11,166 | 70 | 202 | 272 | |||||||||||||
TOUCH AMERICA HLDGS | 450 | — | 450 | — | — | — | |||||||||||||
TOWER AUTOMOTIVE | 800 | 3,300 | 4,100 | 2 | 8 | 10 | |||||||||||||
TOWN & COUNTRY TRUST | 300 | — | 300 | 8 | — | 8 | |||||||||||||
TRACTOR SUPPLY CO | 1,110 | 1,800 | 2,910 | 41 | 67 | 108 | |||||||||||||
TRADESTATION GROUP | 1,100 | — | 1,100 | 8 | — | 8 | |||||||||||||
TRAMMELL CROW CO | 550 | 1,400 | 1,950 | 10 | 25 | 35 | |||||||||||||
TRANS LUX | — | 1,300 | 1,300 | — | 10 | 10 | |||||||||||||
TRANS WORLD ENTMT | 850 | 4,200 | 5,050 | 11 | 52 | 63 | |||||||||||||
TRANSACTION SYS ARCHITECTS CL A | 500 | 2,100 | 2,600 | 10 | 42 | 52 | |||||||||||||
TRANSATLANTIC HLDGS | 957 | 2,681 | 3,638 | 59 | 166 | 225 | |||||||||||||
TRANSKARYOTIC THERAPIES | 500 | 2,100 | 2,600 | 13 | 53 | 66 | |||||||||||||
TRANSMETA | 500 | 9,700 | 10,200 | 1 | 16 | 17 | |||||||||||||
TRANSMONTAIGNE | 2,965 | 3,600 | 6,565 | 18 | 22 | 40 | |||||||||||||
TRANSNATIONAL FINL NETWORK | — | 3,400 | 3,400 | — | 2 | 2 | |||||||||||||
TRANSNET | — | 2,200 | 2,200 | — | 3 | 3 | |||||||||||||
TRANSPORT CORP OF AMERICA | — | 2,100 | 2,100 | — | 18 | 18 | |||||||||||||
TRANSWITCH | 300 | 7,400 | 7,700 | 1 | 11 | 12 | |||||||||||||
TRC COS | — | 1,000 | 1,000 | — | 17 | 17 | |||||||||||||
TREDEGAR INDS | 500 | 1,900 | 2,400 | 10 | 38 | 48 | |||||||||||||
TRESTLE HLDGS | — | 2,300 | 2,300 | — | 5 | 5 | |||||||||||||
TREX | 200 | 700 | 900 | 11 | 37 | 48 | |||||||||||||
TRIAD GTY | 250 | 600 | 850 | 15 | 36 | 51 | |||||||||||||
TRIAD HOSPS | 1,118 | 3,316 | 4,434 | 42 | 123 | 165 | |||||||||||||
TRIARC COS CL B SER 1 | 640 | 2,900 | 3,540 | 8 | 36 | 44 | |||||||||||||
TRICO BANCSHARES | 400 | — | 400 | 9 | — | 9 | |||||||||||||
TRICO MARINE SVCS | — | 3,100 | 3,100 | — | 1 | 1 | |||||||||||||
TRIMBLE NAVIGATION LTD | 466 | 2,350 | 2,816 | 15 | 78 | 93 | |||||||||||||
TRIMEDYNE | — | 3,000 | 3,000 | — | 2 | 2 | |||||||||||||
TRIMERIS | 250 | 1,300 | 1,550 | 4 | 18 | 22 | |||||||||||||
TRINITY INDS | 400 | 1,800 | 2,200 | 14 | 61 | 75 |
Page B-60
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
TRIPATH IMAGING | 750 | — | 750 | 7 | — | 7 | |||||||||||||
TRIPOS | — | 2,500 | 2,500 | — | 13 | 13 | |||||||||||||
TRIQUINT SEMICONDUCTOR | 1,900 | 7,380 | 9,280 | 9 | 33 | 42 | |||||||||||||
TRITON PCS HLDGS CL A | 1,050 | 5,800 | 6,850 | 4 | 20 | 24 | |||||||||||||
TRIUMPH GROUP | 250 | 600 | 850 | 10 | 24 | 34 | |||||||||||||
TRIZEC PPTYS | 2,212 | 6,300 | 8,512 | 42 | 119 | 161 | |||||||||||||
TRIZETTO GROUP | 1,100 | 3,300 | 4,400 | 11 | 31 | 42 | |||||||||||||
TRM | — | 800 | 800 | — | �� | 19 | 19 | ||||||||||||
TRUSTCO BK N Y | 1,150 | 3,700 | 4,850 | 16 | 51 | 67 | |||||||||||||
TRUSTMARK | 800 | 2,300 | 3,100 | 25 | 71 | 96 | |||||||||||||
TRW AUTOMOTIVE HLDGS | 2,110 | 4,100 | 6,210 | 44 | 85 | 129 | |||||||||||||
TTM TECHNOLOGIES | 650 | 2,700 | 3,350 | 8 | 32 | 40 | |||||||||||||
TUESDAY MORNING | 700 | 1,600 | 2,300 | 22 | 49 | 71 | |||||||||||||
TUMBLEWEED COMMUNICATIONS | — | 3,800 | 3,800 | — | 13 | 13 | |||||||||||||
TUPPERWARE | 720 | 2,400 | 3,120 | 15 | 50 | 65 | |||||||||||||
TURBOCHEF TECHNOLOGIES | — | 1,200 | 1,200 | — | 27 | 27 | |||||||||||||
TWEETER HOME ENTMT GROUP | — | 2,600 | 2,600 | — | 18 | 18 | |||||||||||||
TWIN DISC | — | 900 | 900 | — | 23 | 23 | |||||||||||||
TYSON FOODS CLS A | 4,652 | 14,719 | 19,371 | 86 | 271 | 357 | |||||||||||||
U S B HLDG | 367 | 1,535 | 1,902 | 9 | 38 | 47 | |||||||||||||
U S CONCRETE | — | 1,900 | 1,900 | — | 15 | 15 | |||||||||||||
U S GOLD | — | 4,300 | 4,300 | — | 2 | 2 | |||||||||||||
U S I HLDGS | 820 | 1,900 | 2,720 | 10 | 22 | 32 | |||||||||||||
U S XPRESS ENTERPRISES CL A | — | 600 | 600 | — | 18 | 18 | |||||||||||||
UBIQUITEL | 1,700 | — | 1,700 | 12 | — | 12 | |||||||||||||
UCBH HLDGS | 500 | 2,200 | 2,700 | 23 | 101 | 124 | |||||||||||||
UGI | 630 | 1,950 | 2,580 | 26 | 80 | 106 | |||||||||||||
UICI | 840 | 2,100 | 2,940 | 29 | 71 | 100 | |||||||||||||
UIL HLDG | 300 | 600 | 900 | 15 | 31 | 46 | |||||||||||||
ULTICOM | 700 | 1,800 | 2,500 | 11 | 29 | 40 | |||||||||||||
ULTIMATE ELECTRS | 400 | 1,000 | 1,400 | — | 1 | 1 | |||||||||||||
ULTIMATE SOFTWARE GROUP | — | 3,500 | 3,500 | — | 44 | 44 | |||||||||||||
ULTRA PETE | 930 | 3,600 | 4,530 | 45 | 173 | 218 | |||||||||||||
ULTRATECH | — | 800 | 800 | — | 15 | 15 | |||||||||||||
UMB FINL | 250 | 756 | 1,006 | 14 | 43 | 57 | |||||||||||||
UMPQUA HLDGS | 620 | 1,900 | 2,520 | 16 | 48 | 64 | |||||||||||||
UNIFI | — | 6,200 | 6,200 | — | 24 | 24 | |||||||||||||
UNIFIRST | — | 900 | 900 | — | 25 | 25 | |||||||||||||
UNION BANKSHARES | — | 753 | 753 | — | 29 | 29 | |||||||||||||
UNION CMNTY BANCORP | — | 900 | 900 | — | 17 | 17 | |||||||||||||
UNIONBANCAL | 2,177 | 6,400 | 8,577 | 140 | 413 | 553 | |||||||||||||
UNISOURCE ENERGY | 550 | 1,500 | 2,050 | 13 | 36 | 49 |
Page B-61
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
UNIT | 900 | 2,100 | 3,000 | 34 | 80 | 114 | |||||||||||||
UNITED AUTO GROUP | 420 | 1,600 | 2,020 | 13 | 47 | 60 | |||||||||||||
UNITED BANKSHARES W VA | 700 | 2,000 | 2,700 | 27 | 76 | 103 | |||||||||||||
UNITED CMNTY BKS BLAIRSVILCDT CAP STK | 450 | 1,650 | 2,100 | 12 | 44 | 56 | |||||||||||||
UNITED DEFENSE INDS | 1,300 | 2,300 | 3,600 | 62 | 109 | 171 | |||||||||||||
UNITED DOMINION RLTY TR | 1,788 | 5,600 | 7,388 | 44 | 139 | 183 | |||||||||||||
UNITED FIRE CAS CO | 300 | 1,200 | 1,500 | 10 | 40 | 50 | |||||||||||||
UNITED INDL | — | 1,300 | 1,300 | — | 50 | 50 | |||||||||||||
UNITED MUNITY FIN | 600 | — | 600 | 7 | — | 7 | |||||||||||||
UNITED NAT FOODS | 1,500 | 1,800 | 3,300 | 47 | 56 | 103 | |||||||||||||
UNITED ONLINE | 1,775 | 3,500 | 5,275 | 21 | 40 | 61 | |||||||||||||
UNITED PANAM FINANCIAL | 1,080 | — | 1,080 | 21 | — | 21 | |||||||||||||
UNITED RENTALS | 1,150 | 3,000 | 4,150 | 22 | 57 | 79 | |||||||||||||
UNITED RETAIL GROUP | — | 1,000 | 1,000 | — | 4 | 4 | |||||||||||||
UNITED STATES CELLULAR | 1,193 | 3,700 | 4,893 | 53 | 166 | 219 | |||||||||||||
UNITED STATIONERS | 300 | 1,200 | 1,500 | 14 | 55 | 69 | |||||||||||||
UNITED SURGICAL PARTNERS | 500 | 1,200 | 1,700 | 21 | 50 | 71 | |||||||||||||
UNITED THERAPEUTICS | 300 | 700 | 1,000 | 14 | 32 | 46 | |||||||||||||
UNITEDGLOBALCOM CL A | 5,649 | 16,100 | 21,749 | 55 | 156 | 211 | |||||||||||||
UNITIL | — | 800 | 800 | — | 23 | 23 | |||||||||||||
UNITRIN | 950 | 2,900 | 3,850 | 43 | 132 | 175 | |||||||||||||
UNIVERSAL VA | 340 | 1,100 | 1,440 | 16 | 53 | 69 | |||||||||||||
UNIVERSAL AMERN FINL | 1,040 | 2,800 | 3,840 | 16 | 43 | 59 | |||||||||||||
UNIVERSAL AUTOMOTIVE INDS | — | 3,200 | 3,200 | — | 2 | 2 | |||||||||||||
UNIVERSAL ELECTRS | — | 1,400 | 1,400 | — | 25 | 25 | |||||||||||||
UNIVERSAL FST PRODS | 290 | 800 | 1,090 | 13 | 35 | 48 | |||||||||||||
UNIVERSAL HEALTH RLTY OME SH BEN INT | 250 | 1,000 | 1,250 | 8 | 32 | 40 | |||||||||||||
UNIVERSAL HEALTH SVCS CL B | 847 | 2,500 | 3,347 | 38 | 111 | 149 | |||||||||||||
UNIVERSAL PRESSION HLDGS | 600 | 1,300 | 1,900 | 21 | 45 | 66 | |||||||||||||
UNIVERSAL STAINLESS + ALLOY PR | — | 2,900 | 2,900 | — | 43 | 43 | |||||||||||||
UNIVERSAL TECHNICAL INST | — | 1,200 | 1,200 | — | 46 | 46 | |||||||||||||
UNIZAN FINL | 490 | 776 | 1,266 | 13 | 20 | 33 | |||||||||||||
UNOVA | 1,310 | 3,000 | 4,310 | 33 | 76 | 109 | |||||||||||||
URBAN OUTFITTERS | 1,780 | 3,500 | 5,280 | 79 | 155 | 234 | |||||||||||||
UROLOGIX | — | 1,900 | 1,900 | — | 12 | 12 | |||||||||||||
URS | 500 | 1,900 | 2,400 | 16 | 61 | 77 | |||||||||||||
URSTADT BIDDLE PPTYS | — | 1,500 | 1,500 | — | 24 | 24 | |||||||||||||
URSTADT BIDDLE PPTYS CL A | — | 1,800 | 1,800 | — | 31 | 31 | |||||||||||||
US LEC CL A | — | 1,800 | 1,800 | — | 6 | 6 | |||||||||||||
US PHYSICAL THERAPY | — | 1,600 | 1,600 | — | 25 | 25 | |||||||||||||
US RESTAURANT PROPERTIES | 500 | — | 500 | 9 | — | 9 | |||||||||||||
US UNWIRED | 2,350 | — | 2,350 | 11 | — | 11 |
Page B-62
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
USA TRUCK | — | 1,600 | 1,600 | — | 27 | 27 | |||||||||||||
USANA HEALTH SCIENCES | 250 | — | 250 | 9 | — | 9 | |||||||||||||
USEC | 1,750 | 4,200 | 5,950 | 17 | 41 | 58 | |||||||||||||
USF | 600 | 1,300 | 1,900 | 23 | 49 | 72 | |||||||||||||
USG | 550 | 1,700 | 2,250 | 22 | 68 | 90 | |||||||||||||
UTSTARCOM | 1,400 | 4,700 | 6,100 | 31 | 104 | 135 | |||||||||||||
VA SOFTWARE | — | 2,600 | 2,600 | — | 7 | 7 | |||||||||||||
VAIL RESORTS | 500 | 1,500 | 2,000 | 11 | 34 | 45 | |||||||||||||
VALASSIS COMMUNICATIONS | 1,600 | 2,300 | 3,900 | 56 | 81 | 137 | |||||||||||||
VALEANT PHARMACEUTICALS INTL | 910 | 3,600 | 4,510 | 24 | 95 | 119 | |||||||||||||
VALENCE TECH | 4,688 | — | 4,688 | 15 | — | 15 | |||||||||||||
VALERO LP | 280 | — | 280 | 17 | — | 17 | |||||||||||||
VALHI | 1,050 | 5,000 | 6,050 | 17 | 80 | 97 | |||||||||||||
VALLEY NATL BANCORP | 1,355 | 4,325 | 5,680 | 38 | 120 | 158 | |||||||||||||
VALLEY NATL GASES PA | — | 3,400 | 3,400 | — | 61 | 61 | |||||||||||||
VALMONT INDS | — | 1,400 | 1,400 | — | 35 | 35 | |||||||||||||
VALSPAR | 700 | 2,200 | 2,900 | 35 | 110 | 145 | |||||||||||||
VALUE LINE | 100 | 800 | 900 | 4 | 31 | 35 | |||||||||||||
VALUECLICK | 900 | 3,200 | 4,100 | 12 | 43 | 55 | |||||||||||||
VALUEVISION MEDIA CL A | 820 | 1,600 | 2,420 | 12 | 22 | 34 | |||||||||||||
VARCO INTL | 1,950 | 4,311 | 6,261 | 57 | 126 | 183 | |||||||||||||
VARIAN | 1,000 | 1,400 | 2,400 | 41 | 57 | 98 | |||||||||||||
VARIAN MED SYS | 1,991 | 6,000 | 7,991 | 86 | 259 | 345 | |||||||||||||
VARIAN SEMI EQUIP ASSOC | 300 | 1,600 | 1,900 | 11 | 59 | 70 | |||||||||||||
VASTERA | 2,650 | 2,300 | 4,950 | 7 | 6 | 13 | |||||||||||||
VAXGEN | — | 1,600 | 1,600 | — | 27 | 27 | |||||||||||||
VCA ANTECH | 1,000 | 3,400 | 4,400 | 20 | 67 | 87 | |||||||||||||
VECTOR GROUP LTD | 682 | 2,110 | 2,792 | 11 | 35 | 46 | |||||||||||||
VECTREN | 850 | 3,399 | 4,249 | 23 | 91 | 114 | |||||||||||||
VEECO INSTRS | 400 | 1,129 | 1,529 | 9 | 24 | 33 | |||||||||||||
VENTANA MED SYS | 250 | 1,000 | 1,250 | 16 | 64 | 80 | |||||||||||||
VENTAS | 1,900 | 4,100 | 6,000 | 52 | 112 | 164 | |||||||||||||
VENTIV HEALTH | 400 | — | 400 | 8 | — | 8 | |||||||||||||
VERINT SYS | 560 | 1,300 | 1,860 | 20 | 47 | 67 | |||||||||||||
VERISIGN | 3,460 | 10,188 | 13,648 | 116 | 342 | 458 | |||||||||||||
VERISITY LTD SHS | — | 1,100 | 1,100 | — | 9 | 9 | |||||||||||||
VERITAS DGC | 660 | 1,700 | 2,360 | 15 | 38 | 53 | |||||||||||||
VERITY | 600 | 2,600 | 3,200 | 8 | 34 | 42 | |||||||||||||
VERSO TECHNOLOGIES | — | 8,496 | 8,496 | — | 6 | 6 | |||||||||||||
VERTEX PHARMACEUTICALS | 1,145 | 3,710 | 4,855 | 12 | 39 | 51 | |||||||||||||
VESTA INS GROUP | — | 1,600 | 1,600 | — | 6 | 6 | |||||||||||||
VIAD | 402 | 1,475 | 1,877 | 12 | 42 | 54 |
Page B-63
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
VIASAT | 500 | 1,800 | 2,300 | 12 | 44 | 56 | |||||||||||||
VIASYS HEALTHCARE | 450 | 1,400 | 1,850 | 9 | 27 | 36 | |||||||||||||
VICOR | 400 | 1,800 | 2,200 | 5 | 24 | 29 | |||||||||||||
VICURON PHAMACEUTICALS | 650 | 2,200 | 2,850 | 11 | 38 | 49 | |||||||||||||
VIDEO DISPLAY | — | 1,680 | 1,680 | — | 21 | 21 | |||||||||||||
VIEWPOINT | — | 4,300 | 4,300 | — | 13 | 13 | |||||||||||||
VIGNETTE | 4,150 | 16,248 | 20,398 | 6 | 23 | 29 | |||||||||||||
VINTAGE PETE | 2,400 | 2,600 | 5,000 | 55 | 59 | 114 | |||||||||||||
VIRAGE LOGIC | — | 1,500 | 1,500 | — | 28 | 28 | |||||||||||||
VISHAY INTERTECHNOLOGY | 2,337 | 6,931 | 9,268 | 35 | 104 | 139 | |||||||||||||
VISTACARE , CL A | 350 | — | 350 | 6 | — | 6 | |||||||||||||
VISX | 780 | 2,700 | 3,480 | 20 | 70 | 90 | |||||||||||||
VITAL SIGNS | 250 | 1,000 | 1,250 | 10 | 39 | 49 | |||||||||||||
VITALWORKS | — | 3,000 | 3,000 | — | 13 | 13 | |||||||||||||
VITESSE SEMICONDUCTOR | 1,570 | 10,031 | 11,601 | 6 | 35 | 41 | |||||||||||||
VITRIA TECHNOLOGY | 87 | 2,950 | 3,037 | — | 12 | 12 | |||||||||||||
VIVUS | — | 3,100 | 3,100 | — | 14 | 14 | |||||||||||||
VOLT INFORMATION SCIENCES | 300 | 1,000 | 1,300 | 9 | 29 | 38 | |||||||||||||
VORNADO RLTY TR | 1,830 | 5,400 | 7,230 | 139 | 411 | 550 | |||||||||||||
W H ENERGY SVCS | — | 1,400 | 1,400 | — | 31 | 31 | |||||||||||||
W HLDG CO | 1,405 | 4,915 | 6,320 | 32 | 113 | 145 | |||||||||||||
W P CAREY + CO LLC | 440 | 1,500 | 1,940 | 16 | 53 | 69 | |||||||||||||
WABASH NATL | 490 | 1,800 | 2,290 | 13 | 48 | 61 | |||||||||||||
WABTEC | 430 | 2,300 | 2,730 | 9 | 49 | 58 | |||||||||||||
WADDELL + REED FINL CL A | 2,090 | 4,150 | 6,240 | 50 | 99 | 149 | |||||||||||||
WALTER INDS | 800 | 2,400 | 3,200 | 27 | 81 | 108 | |||||||||||||
WARNACO GROUP | 600 | — | 600 | 13 | — | 13 | |||||||||||||
WARWICK VALLEY TELEPHONE | 600 | — | 600 | 14 | — | 14 | |||||||||||||
WASHINGTON FED | 1,955 | 3,817 | 5,772 | 52 | 101 | 153 | |||||||||||||
WASHINGTON POST CO CL B | 145 | 400 | 545 | 143 | 393 | 536 | |||||||||||||
WASHINGTON REAL ESTATE INVT TRSH BEN INT | 700 | 2,100 | 2,800 | 24 | 71 | 95 | |||||||||||||
WASHINGTON SVGS BK F S B | — | 1,300 | 1,300 | — | 21 | 21 | |||||||||||||
WASHINGTON TRUST BANCORP | 300 | — | 300 | 9 | — | 9 | |||||||||||||
WASTE CONNECTIONS | 900 | 1,950 | 2,850 | 31 | 67 | 98 | |||||||||||||
WATCHGUARD TECHNOLOGIES | — | 2,100 | 2,100 | — | 9 | 9 | |||||||||||||
WATSCO | 400 | 1,400 | 1,800 | 14 | 49 | 63 | |||||||||||||
WATSON WYATT + CO HLDGS CL A | 650 | 1,600 | 2,250 | 18 | 43 | 61 | |||||||||||||
WATTS WATER TECHNOLOGIES CL A | 550 | 1,100 | 1,650 | 18 | 35 | 53 | |||||||||||||
WAUSAU MOSINEE PAPER | 900 | 2,300 | 3,200 | 16 | 41 | 57 | |||||||||||||
WAYPOINT FINL | 400 | 1,995 | 2,395 | 11 | 57 | 68 | |||||||||||||
WCI CMNTYS | 500 | 2,100 | 2,600 | 15 | 62 | 77 | |||||||||||||
W-D 40 COMPANY | 350 | — | 350 | 10 | — | 10 |
Page B-64
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
WEATHERFORD INTL LTD | 1,740 | 5,490 | 7,230 | 89 | 282 | 371 | |||||||||||||
WEB MD | 4,544 | 13,837 | 18,381 | 37 | 113 | 150 | |||||||||||||
WEBEX COMMUNICATIONS | 500 | 2,000 | 2,500 | 12 | 48 | 60 | |||||||||||||
WEBMETHODS | 1,100 | 3,208 | 4,308 | 8 | 23 | 31 | |||||||||||||
WEBSENSE | 350 | 900 | 1,250 | 18 | 46 | 64 | |||||||||||||
WEBSTER FINL WATERBURY | 621 | 2,156 | 2,777 | 32 | 109 | 141 | |||||||||||||
WEIGHT WATCHERS INTL | 1,500 | 4,500 | 6,000 | 62 | 185 | 247 | |||||||||||||
WEINGARTEN RLTY INVS SH BEN INT | 1,190 | 3,650 | 4,840 | 48 | 146 | 194 | |||||||||||||
WEIS MKTS | 550 | 1,000 | 1,550 | 21 | 39 | 60 | |||||||||||||
WELLCARE HEALTH PLANS | — | 1,600 | 1,600 | — | 52 | 52 | |||||||||||||
WELLCHOICE | 1,150 | 3,500 | 4,650 | 62 | 187 | 249 | |||||||||||||
WELLMAN | — | 2,400 | 2,400 | — | 26 | 26 | |||||||||||||
WELLSFORD REAL PPTYS | — | 900 | 900 | — | 13 | 13 | |||||||||||||
WERNER ENTERPRISES | 2,287 | 3,466 | 5,753 | 52 | 78 | 130 | |||||||||||||
WESBANCO | 340 | 1,300 | 1,640 | 11 | 42 | 53 | |||||||||||||
WESCO FINL | 104 | 310 | 414 | 41 | 122 | 163 | |||||||||||||
WESCO INTL | 1,431 | 2,300 | 3,731 | 43 | 68 | 111 | |||||||||||||
WEST | 967 | 3,200 | 4,167 | 32 | 106 | 138 | |||||||||||||
WEST BANK | — | 882 | 882 | — | 16 | 16 | |||||||||||||
WEST COAST BANCORP ORE | 350 | 1,220 | 1,570 | 9 | 31 | 40 | |||||||||||||
WEST MARINE | 400 | 1,400 | 1,800 | 10 | 35 | 45 | |||||||||||||
WEST PHARMACEUTICAL SVCS | 680 | 1,400 | 2,080 | 17 | 35 | 52 | |||||||||||||
WESTAMERICA BANCORPORATION | 600 | 1,400 | 2,000 | 35 | 82 | 117 | |||||||||||||
WESTCORP | 900 | 2,200 | 3,100 | 41 | 101 | 142 | |||||||||||||
WESTELL TECHNOLOGIES CL A | — | 5,000 | 5,000 | — | 34 | 34 | |||||||||||||
WESTERN DIGITAL | 5,800 | 9,300 | 15,100 | 63 | 101 | 164 | |||||||||||||
WESTERN GAS RES | 1,074 | 3,000 | 4,074 | 32 | 88 | 120 | |||||||||||||
WESTERN WIRELESS CL A | 1,356 | 4,100 | 5,456 | 40 | 120 | 160 | |||||||||||||
WESTLAKE CHEM | 921 | 2,700 | 3,621 | 31 | 90 | 121 | |||||||||||||
WESTMORELAND COAL CO | — | 1,200 | 1,200 | — | 37 | 37 | |||||||||||||
WESTSTAR ENERGY | 1,150 | 3,500 | 4,650 | 26 | 80 | 106 | |||||||||||||
WESTWOOD HLDGS GROUP | — | 620 | 620 | — | 12 | 12 | |||||||||||||
WESTWOOD ONE | 2,080 | 4,100 | 6,180 | 56 | 110 | 166 | |||||||||||||
WET SEAL CL A | — | 1,875 | 1,875 | — | 4 | 4 | |||||||||||||
WEYCO GROUP | — | 500 | 500 | — | 22 | 22 | |||||||||||||
WFS FINL | 450 | 1,800 | 2,250 | 23 | 91 | 114 | |||||||||||||
WGL HLDGS | 1,630 | 2,400 | 4,030 | 50 | 74 | 124 | |||||||||||||
WHITE MOUNTAINS INS GROUP LTD SHS | 157 | 450 | 607 | 102 | 291 | 393 | |||||||||||||
WHITEHALL JEWELLERS | — | 1,200 | 1,200 | — | 10 | 10 | |||||||||||||
WHITING PETE | 300 | 800 | 1,100 | 9 | 24 | 33 | |||||||||||||
WHITNEY HLDG | 375 | 1,600 | 1,975 | 17 | 72 | 89 | |||||||||||||
WHOLE FOODS MKT | 830 | 2,700 | 3,530 | 79 | 258 | 337 |
Page B-65
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
WILD OATS MKTS | 490 | 2,000 | 2,490 | 4 | 18 | 22 | |||||||||||||
WILEY JOHN + SON CLASS A | 1,170 | 2,300 | 3,470 | 41 | 80 | 121 | |||||||||||||
WILLAMETTE VY VINEYARD | — | 2,700 | 2,700 | — | 8 | 8 | |||||||||||||
WILLIAM LYON HOMES | 90 | — | 90 | 6 | — | 6 | |||||||||||||
WILLIAMS SONOMA | 1,600 | 4,900 | 6,500 | 56 | 172 | 228 | |||||||||||||
WILLOW GROVE BANCORP | 892 | — | 892 | 17 | — | 17 | |||||||||||||
WILMINGTON TR | 600 | 2,800 | 3,400 | 22 | 101 | 123 | |||||||||||||
WILSON GREAT BATCH TECH | 350 | 1,200 | 1,550 | 8 | 27 | 35 | |||||||||||||
WILSONS LEATHER EXPERTS | — | 1,900 | 1,900 | — | 8 | 8 | |||||||||||||
WIND RIV SYS | 2,170 | 3,776 | 5,946 | 30 | 51 | 81 | |||||||||||||
WINMARK | — | 1,200 | 1,200 | — | 32 | 32 | |||||||||||||
WINNEBAGO IND | 420 | 1,500 | 1,920 | 17 | 59 | 76 | |||||||||||||
WINTRUST FINL | 250 | 900 | 1,150 | 14 | 51 | 65 | |||||||||||||
WIRELESS FACS | 750 | 2,800 | 3,550 | 7 | 27 | 34 | |||||||||||||
WISCONSIN ENERGY | 1,670 | 4,900 | 6,570 | 56 | 165 | 221 | |||||||||||||
WITNESS SYS | — | 1,200 | 1,200 | — | 21 | 21 | |||||||||||||
WJ COMMUNICATION | — | 3,200 | 3,200 | — | 11 | 11 | |||||||||||||
WMS INDUSTRIES | 530 | 1,300 | 1,830 | 18 | 44 | 62 | |||||||||||||
WOLVERINE TUBE | — | 1,700 | 1,700 | — | 22 | 22 | |||||||||||||
WOLVERINE WORLD WIDE | 700 | 1,800 | 2,500 | 22 | 57 | 79 | |||||||||||||
WOODWARD GOVERNOR CO | 200 | 600 | 800 | 14 | 43 | 57 | |||||||||||||
WORLD ACCEPTANCE | 400 | 1,500 | 1,900 | 11 | 41 | 52 | |||||||||||||
WORLD FUEL SERVICES | 150 | 800 | 950 | 7 | 40 | 47 | |||||||||||||
WORONOCO BANCORP | — | 600 | 600 | — | 22 | 22 | |||||||||||||
WORTHINGTON INDS IN | — | 3,700 | 3,700 | — | 73 | 73 | |||||||||||||
WPS RES | 500 | 1,600 | 2,100 | 25 | 80 | 105 | |||||||||||||
WRIGHT MED GROUP | 400 | 1,100 | 1,500 | 12 | 31 | 43 | |||||||||||||
WSFS FINL | 150 | 700 | 850 | 9 | 42 | 51 | |||||||||||||
WTS REDBACK NETWORKS WT | 3 | 82 | 85 | — | — | — | |||||||||||||
WYNDHAM INTL CL A | — | 4,400 | 4,400 | — | 5 | 5 | |||||||||||||
WYNN RESORTS LTD | 1,199 | 3,500 | 4,699 | 80 | 234 | 314 | |||||||||||||
X RITE | — | 1,700 | 1,700 | — | 27 | 27 | |||||||||||||
XANSER | — | 5,700 | 5,700 | — | 16 | 16 | |||||||||||||
XETA TECHNOLOGIES | — | 2,400 | 2,400 | — | 9 | 9 | |||||||||||||
XM SATELLITE RADIO HLDGS CL A | 2,977 | 8,600 | 11,577 | 112 | 324 | 436 | |||||||||||||
XOMA LTD | 1,800 | 6,900 | 8,700 | 5 | 18 | 23 | |||||||||||||
XTO ENERGY | 3,789 | 11,057 | 14,846 | 134 | 391 | 525 | |||||||||||||
YANKEE CANDLE | 1,600 | 2,200 | 3,800 | 53 | 73 | 126 | |||||||||||||
YELLOW ROADWAY | 490 | 2,097 | 2,587 | 27 | 117 | 144 | |||||||||||||
YORK INTL | 800 | 1,800 | 2,600 | 28 | 62 | 90 | |||||||||||||
YOUNG BROADCASTING CL A | — | 1,400 | 1,400 | — | 15 | 15 | |||||||||||||
ZALE | 700 | 2,400 | 3,100 | 21 | 72 | 93 |
Page B-66
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
ZAPATA | — | 400 | 400 | — | 24 | 24 | |||||||||||||
ZEBRA TECHNOLOGIES CL A | 875 | 3,150 | 4,025 | 49 | 177 | 226 | |||||||||||||
ZENITH NATL INS | 390 | 700 | 1,090 | 20 | 35 | 55 | |||||||||||||
ZHONE TECHNOLOGIES | — | 5,775 | 5,775 | — | 15 | 15 | |||||||||||||
ZIXIT | — | 900 | 900 | — | 5 | 5 | |||||||||||||
ZOLL MED | 200 | 800 | 1,000 | 7 | 28 | 35 | |||||||||||||
ZOMAX | — | 800 | 800 | — | 3 | 3 | |||||||||||||
ZOOM TECHNOLOGIES | — | 1,100 | 1,100 | — | 4 | 4 | |||||||||||||
ZORAN | 639 | 1,948 | 2,587 | 7 | 23 | 30 | |||||||||||||
ZYGO | 420 | 1,800 | 2,220 | 5 | 21 | 26 | |||||||||||||
ZYMOGENETICS | 1,700 | — | 1,700 | 39 | — | 39 | |||||||||||||
Total Common Stock and Warrants (Cost $175,970) | 211,274 | ||||||||||||||||||
CONVERTIBLE PREFERRED STOCKS 0.0% | |||||||||||||||||||
SIMON PPTY GROUP | — | 600 | 600 | — | 36 | 36 | |||||||||||||
Total Convertible Preferred Stocks (Cost $32) | 36 | ||||||||||||||||||
CORPORATE BONDS 0.0% | |||||||||||||||||||
MUELLER INDUSTRIES, 6.00%, 11/01/14 | 4,250 | — | 4,250 | 4 | — | 4 | |||||||||||||
Total Corporate Bonds (Cost $4) | 4 | ||||||||||||||||||
U.S. GOVERNMENT OBLIGATIONS 0.2% | |||||||||||||||||||
UNITED STATES TREAS BILLS, 1.70%, 1/27/05 ++ | — | 330,000 | 330,000 | — | 330 | 330 | |||||||||||||
Total U.S. Government Obligations (Cost $330) | 330 | ||||||||||||||||||
MONEY MARKET FUNDS 1.4% | |||||||||||||||||||
T. ROWE PRICE RESERVE INVESTMENT FUND, 2.28% # | — | 3,132,173 | 3,132,173 | — | 3,132 | 3,132 | |||||||||||||
Total Money Market Funds (Cost $3,132) | 3,132 | ||||||||||||||||||
FUTURES CONTRACTS 0.0% | |||||||||||||||||||
Variation margin receivable (payable) on open futures contracts 2 | — | — | — | — | 4 | 4 | |||||||||||||
Total Futures Contracts | 4 | ||||||||||||||||||
SECURITIES LENDING COLLATERAL 13.6% | |||||||||||||||||||
STATE STREET BANK AND TRUST COMPANY OF NH N.A | |||||||||||||||||||
SECURITIES LENDING QUALITY TRUST UNITS, 2.276% | — | 29,484,993 | 29,484,993 | — | 29,485 | 29,485 |
Page B-67
TD Waterhouse Extended Market Index Fund T. Rowe Price Extended Equity Market Index Fund Pro Forma Combined Portfolio of Investments December 31, 2004 UNAUDITED | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||||
TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined 1 | TD Waterhouse Extended Index Fund | TRP Extended Equity Market Index Fund | Pro Forma Combined | ||||||||||||||
Total Securities Lending Collateral (Cost $29,485) | 29,485 | ||||||||||||||||||
Total Investments in Securities | |||||||||||||||||||
112.9% of Net Assets (Cost $47,239, $161,714 and $208,953, respectively) | $ | 53,942 | $ | 190,323 | $ | 244,265 | |||||||||||||
1 All securities conform to the investment program of the T. Rowe Price Extended Equity Market Index Fund. |
++ - All or a portion of this security is pledged to cover margin requirements on futures contracts at December 31, 2004 |
# - Seven-day yield |
ADR - American Depository Receipts |
REIT - Real Estate Investment Trust |
(2) Open Futures Contracts at December 31, 2004 were as follows: |
($ 000s) |
Expiration | Contract Value | Unrealized Gain (Loss) | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Long, 18 S & P Midcap Mini 400 contracts, | ||||||||||
$54 par of 1.70% U.S. Treasury Bills pledged as initial margin | 3/05 | $ | 1,198 | $ | 39 | |||||
Long, 26 Russell Mini 2000 Index contracts, | ||||||||||
$77 par of 1.70% U.S. Treasury Bills pledged as initial margin | 3/05 | 1,700 | 34 | |||||||
Long, 10 S & P Mini 500 Index contracts, | ||||||||||
$34 par of 1.70% U.S. Treasury Bills pledged as initial margin | 3/05 | 607 | 15 | |||||||
Net payments (receipts) of variation margin to date | (84 | ) | ||||||||
Variation margin receivable (payable) on open futures contracts | 4 | |||||||||
The accompanying notes are an integral part of these pro forma combined financial statements. |
Page B-68
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||
COMMON STOCK AND PREFERRED STOCK 97.7% | ||||||||||||||||||||
AUSTRALIA | ||||||||||||||||||||
Common Stock | ||||||||||||||||||||
ADELAIDE BANK NPV | — | — | 482 | 482 | $ | — | $ | — | $ | 3 | $ | 3 | ||||||||
ADELAIDE BRIGHTON LIMITED NPV | — | — | 521 | 521 | — | — | 1 | 1 | ||||||||||||
ALINTA LTD NPV | — | — | 1,708 | 1,708 | — | — | 10 | 10 | ||||||||||||
ALUMINA LIMITED NPV | 3,806 | — | 6,484 | 10,290 | 16 | — | 27 | 43 | ||||||||||||
AMCOR LIMITED NPV | 3,578 | — | 4,755 | 8,333 | 20 | — | 27 | 47 | ||||||||||||
AMP LIMITED NPV | 6,508 | — | 9,474 | 15,982 | 31 | — | 45 | 76 | ||||||||||||
ANSELL LTD NPV | 903 | — | 1,118 | 2,021 | 6 | — | 7 | 13 | ||||||||||||
APN NEWS + MEDIA NPV | — | — | 664 | 664 | — | — | 2 | 2 | ||||||||||||
ARISTOCRAT LEISURE NPV(POST RECONSTRUCTION) | 1,367 | — | 2,446 | 3,813 | 9 | — | 16 | 25 | ||||||||||||
AUST + NZ BANK GRP NPV | 7,814 | — | 9,553 | 17,367 | 120 | — | 146 | 266 | ||||||||||||
AUST FOUNDATN INV NPV | — | — | 4,818 | 4,818 | — | — | 12 | 12 | ||||||||||||
AUST GAS + LIGHT NPV | 1,517 | — | 2,414 | 3,931 | 15 | — | 24 | 39 | ||||||||||||
AUST PHARM INDS NPV | — | — | 883 | 883 | — | — | 2 | 2 | ||||||||||||
AUSTEREO GROUP NPV | — | — | 1,422 | 1,422 | — | — | 2 | 2 | ||||||||||||
AUSTRALAND PROPERTY GROUP NPV | — | — | 3,157 | 3,157 | — | — | 4 | 4 | ||||||||||||
AUSTRALIAN LEISURE NPV | — | — | 1,367 | 1,367 | — | — | 4 | 4 | ||||||||||||
AUSTRALIAN STOCK EXCHANGE NPV | 384 | — | 544 | 928 | 5 | — | 8 | 13 | ||||||||||||
AWB NPV (B) | — | — | 1,817 | 1,817 | — | — | 6 | 6 | ||||||||||||
AXA ASIA PAC HLDGS NPV | 6,600 | — | 7,189 | 13,789 | 19 | — | 21 | 40 | ||||||||||||
BANK OF QUEENSLAND NPV | — | — | 353 | 353 | — | — | 3 | 3 | ||||||||||||
BENDIGO BANK LTD NPV | — | — | 742 | 742 | — | — | 6 | 6 | ||||||||||||
BHP BILLITON LTD NPV | 16,215 | — | 19,910 | 36,125 | 168 | — | 206 | 374 | ||||||||||||
BILLABONG INTERNATL NPV | — | — | 664 | 664 | — | — | 5 | 5 | ||||||||||||
BLUESCOPE STEEL LTD NPV | 3,200 | — | 3,926 | 7,126 | 19 | — | 23 | 42 |
Page B-69
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
BORAL LIMITED NEW NPV | 2,466 | — | 3,012 | 5,478 | 12 | — | 15 | 27 | ||||||||
BRAMBLES INDS LTD NPV | 3,259 | — | 5,038 | 8,297 | 17 | — | 27 | 44 | ||||||||
BRICKWORKS NPV | — | — | 406 | 406 | — | — | 3 | 3 | ||||||||
BURNS PHILP + CO NPV | — | — | 5,903 | 5,903 | — | — | 4 | 4 | ||||||||
CALTEX AUSTRALIA NPV | — | — | 618 | 618 | — | — | 4 | 4 | ||||||||
CENTRO PROPERTIES GROUP | 2,000 | — | — | 2,000 | 7 | — | 5 | 12 | ||||||||
CFS GANDEL RETAIL NPV | 6,191 | — | 7,589 | 13,780 | 7 | — | 9 | 16 | ||||||||
CHALLENGER FIN SER NPV | — | — | 7,175 | 7,175 | — | — | 3 | 3 | ||||||||
CMNWLTH BK OF AUST NPV | 5,034 | — | 6,688 | 11,722 | 121 | — | 160 | 281 | ||||||||
COCA COLA AMATIL NPV(POST RECONSTRUCTION) | 1,800 | — | 2,691 | 4,491 | 10 | — | 15 | 25 | ||||||||
COCHLEAR LTD NPV | 277 | — | 278 | 555 | 5 | — | 5 | 10 | ||||||||
COLES MYER LIMITED NPV | 3,734 | — | 6,542 | 10,276 | 27 | — | 47 | 74 | ||||||||
COMMONWEALTH PROPERTY | 6,041 | — | — | 6,041 | 6 | — | — | 6 | ||||||||
COMPUTERSHARE REG NPV(POST REC) | 2,073 | — | 2,861 | 4,934 | 8 | — | 11 | 19 | ||||||||
CORP EXPRESS AUST NPV | — | — | 886 | 886 | — | — | 4 | 4 | ||||||||
CSL ORD NPV | 716 | — | 1,005 | 1,721 | 16 | — | 22 | 38 | ||||||||
CSR LIMITED NPV | 4,044 | — | 4,729 | 8,773 | 8 | — | 10 | 18 | ||||||||
DB PREEF TRUST | 5,379 | — | — | 5,379 | 5 | — | — | 5 | ||||||||
DOWNER GROUP NPV | — | — | 1,133 | 1,133 | — | — | 4 | 4 | ||||||||
ENVESTRA NPV (STAPLED) | — | — | 2,638 | 2,638 | — | — | 2 | 2 | ||||||||
FAIRFAX(JOHN) NPV | 6,339 | — | 1,397 | 7,736 | 21 | — | 4 | 25 | ||||||||
FLIGHT CENTRE LTD NPV | — | — | 467 | 467 | — | — | 7 | 7 | ||||||||
FOODLAND ASSOC NPV | — | — | 777 | 777 | — | — | 11 | 11 | ||||||||
FOSTERS GROUP NPV | 6,523 | — | 10,318 | 16,841 | 25 | — | 39 | 64 | ||||||||
FUTURIS CORP LTD NPV | 4,062 | — | 3,462 | 7,524 | 6 | — | 5 | 11 | ||||||||
GEN PROPERTY TST UNITS NPV | 9,176 | — | 10,724 | 19,900 | 26 | — | 30 | 56 | ||||||||
GUNNS LTD NPV | — | — | 1,353 | 1,353 | — | — | 4 | 4 | ||||||||
GWA INTERNATIONAL NPV | — | — | 1,182 | 1,182 | — | — | 3 | 3 |
Page B-70
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
HARVEY NORMAN HLDG NPV COM | 7,800 | — | 4,066 | 11,866 | 18 | — | 9 | 27 | ||||||||
HILLS MOTORWAY GRP NPV COMB UTS(A1+1UT F/P) | — | — | 1,043 | 1,043 | — | — | 6 | 6 | ||||||||
ILUKA RESOURCES NPV | 1,570 | — | 1,120 | 2,690 | 6 | — | 4 | 10 | ||||||||
INCITEC PIVOT NPV | — | — | 68 | 68 | — | — | 1 | 1 | ||||||||
ING INDUSTRIAL FUND | 3,740 | — | — | 3,740 | 6 | — | 2 | 8 | ||||||||
INSURANCE AUST GRP NPV | 6,017 | — | 8,394 | 14,411 | 24 | — | 34 | 58 | ||||||||
INVESTA PROPERTY GROUP | 6,333 | — | — | 6,333 | 10 | — | — | 10 | ||||||||
LEIGHTON HOLDINGS NPV | 588 | — | 696 | 1,284 | 5 | — | 6 | 11 | ||||||||
LEND LEASE CORP NPV | 1,336 | — | 2,061 | 3,397 | 12 | — | 18 | 30 | ||||||||
LION NATHAN LTD NPV(AUST LIST) | 2,000 | — | 2,059 | 4,059 | 12 | — | 12 | 24 | ||||||||
MACQUARIE AIRPORTS NPV STAPLED FULLY PAID | — | — | 2,548 | 2,548 | — | — | 5 | 5 | ||||||||
MACQUARIE BANK LTD NPV | 726 | — | 1,128 | 1,854 | 22 | — | 33 | 55 | ||||||||
MACQUARIE GOOD MGM NPV | — | — | 527 | 527 | — | — | 1 | 1 | ||||||||
MACQUARIE GOODMAN IND. | 5,000 | — | — | 5,000 | 8 | — | — | 8 | ||||||||
MACQUARIE INFRASTRUCTURE GRP NPV (STAPLED) | 9,443 | — | 9,892 | 19,335 | 26 | — | 27 | 53 | ||||||||
MAYNE GROUP LTD NPV AUST LIST) | 2,827 | — | 3,986 | 6,813 | 9 | — | 13 | 22 | ||||||||
METCASH TRADING NPV | — | — | 1,101 | 1,101 | — | — | 2 | 2 | ||||||||
MINARA RESOURCES NPV | — | — | 1,346 | 1,346 | — | — | 2 | 2 | ||||||||
MIRVAC GROUP STAPLED SECS | 2,904 | — | 3,681 | 6,585 | 10 | — | 12 | 22 | ||||||||
NATIONAL FOODS LTD NPV | — | — | 1,928 | 1,928 | — | — | 8 | 8 | ||||||||
NATL AUSTRALIA BK NPV | 6,504 | — | 8,049 | 14,553 | 138 | — | 170 | 308 | ||||||||
NEWCREST MINING NPV | 1,246 | — | 1,674 | 2,920 | 16 | — | 21 | 37 | ||||||||
NEWS CORPORATION NPV | 4,949 | — | 6,536 | 11,485 | 40 | — | 53 | 93 | ||||||||
NOVOGEN LTD NPV | — | — | 374 | 374 | — | — | 1 | 1 | ||||||||
ONESTEEL NPV | 3,079 | — | 2,950 | 6,029 | 6 | — | 6 | 12 | ||||||||
ORICA LTD NPV | 1,120 | — | 1,451 | 2,571 | 14 | — | 18 | 32 | ||||||||
ORIGIN ENERGY NPV | 2,430 | — | 3,750 | 6,180 | 12 | — | 19 | 31 | ||||||||
OXIANA LIMITED NPV | — | — | 4,625 | 4,625 | — | — | 3 | 3 |
Page B-71
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
PACIFIC BRANDS | 2,543 | — | — | 2,543 | 6 | — | — | 6 | ||||||||
PACIFICA GROUP LTD NPV | — | — | 329 | 329 | — | — | 1 | 1 | ||||||||
PAPERLINX NPV | 1,671 | — | 2,360 | 4,031 | 6 | — | 8 | 14 | ||||||||
PATRICK CORPORATION LTD NPV | 2,000 | — | 3,565 | 5,565 | 8 | — | 15 | 23 | ||||||||
PERPETUAL TST AUST NPV | 169 | — | 196 | 365 | 7 | — | 9 | 16 | ||||||||
PROMINA GROUP NPV | — | — | 5,427 | 5,427 | — | — | 19 | 19 | ||||||||
PUBLISHING + BROADCASTING LTD NPV | 1,000 | — | 699 | 1,699 | 11 | — | 8 | 19 | ||||||||
QANTAS AIRWAYS NPV | — | — | 4,642 | 4,642 | — | — | 12 | 12 | ||||||||
QBE INS GROUP NPV | 2,500 | — | 3,541 | 6,041 | 26 | — | 36 | 62 | ||||||||
RINKER GROUP NPV | 3,900 | — | 4,976 | 8,876 | 25 | — | 32 | 57 | ||||||||
RIO TINTO LIMITED NPV | 1,343 | — | 1,979 | 3,322 | 37 | — | 54 | 91 | ||||||||
RURAL PRESS NPV | — | — | 140 | 140 | — | — | 1 | 1 | ||||||||
SANTOS LTD NPV | 1,992 | — | 4,453 | 6,445 | 12 | — | 28 | 40 | ||||||||
SFE CORPORATION NPV | — | — | 514 | 514 | — | — | 3 | 3 | ||||||||
SIGMA COMPANY LTD NPV | — | — | 529 | 529 | — | — | 3 | 3 | ||||||||
SIMS GROUP LTD NPV | — | — | 486 | 486 | — | — | 6 | 6 | ||||||||
SMORGON STEEL GROUP NPV | — | — | 2,081 | 2,081 | — | — | 2 | 2 | ||||||||
SONIC HEALTHCARE LTD NPV | 902 | — | 1,669 | 2,571 | 7 | — | 13 | 20 | ||||||||
SOUL PATTINSON(WH) NPV | — | — | 503 | 503 | — | — | 3 | 3 | ||||||||
SOUTHCORP LTD NPV | 85 | — | 3,821 | 3,906 | — | — | 10 | 10 | ||||||||
SPOTLESS GROUP NPV | — | — | 1,074 | 1,074 | — | — | 4 | 4 | ||||||||
ST GEORGE BANK LTD NPV | — | — | 2,685 | 2,685 | — | — | 47 | 47 | ||||||||
STHERN CROSS BROAD NPV | — | — | 318 | 318 | — | — | 3 | 3 | ||||||||
STOCKLAND NPV | 4,300 | — | 6,654 | 10,954 | 19 | — | 29 | 48 | ||||||||
SUNCORP METWAY NPV | 2,183 | — | 2,738 | 4,921 | 28 | — | 35 | 63 | ||||||||
TABCORP HLDGS LTD NPV | 2,736 | — | 2,734 | 5,470 | 31 | — | 31 | 62 | ||||||||
TELSTRA CORP NPV | 9,218 | — | 11,258 | 20,476 | 32 | — | 39 | 71 | ||||||||
TEN NETWORK HLDGS NPV | — | — | 2,623 | 2,623 | — | — | 8 | 8 | ||||||||
Page B-72
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
TOLL HLDGS LIMITED NPV | 1,000 | — | 1,703 | 2,703 | 9 | — | 15 | 24 | ||||||||
TRANSURBAN GROUP STAPLED UNITS NPV | 1,768 | — | 2,735 | 4,503 | 8 | — | 13 | 21 | ||||||||
UNITAB LTD AUD0.2 | — | — | 527 | 527 | — | — | 4 | 4 | ||||||||
VIRGIN BLUE HLDGS NPV | — | — | 1,194 | 1,194 | — | — | 2 | 2 | ||||||||
WESFARMERS NPV | 1,657 | — | 1,995 | 3,652 | 43 | — | 52 | 95 | ||||||||
WEST AUST NEWS HDG NPV | — | — | 151 | 151 | — | — | 1 | 1 | ||||||||
WESTFIELD GROUP NPV DFD STAPLED SECURITIES | 2,000 | — | 8,929 | 10,929 | 22 | — | 100 | 122 | ||||||||
WESTPAC BKG CORP NPV | 7,603 | — | 9,478 | 17,081 | 108 | — | 134 | 242 | ||||||||
WMC RESORCES LTD NPV | 4,076 | — | 5,768 | 9,844 | 21 | — | 29 | 50 | ||||||||
WOODSIDE PETROLEUM NPV | 1,700 | — | 2,672 | 4,372 | 25 | — | 39 | 64 | ||||||||
WOOLWORTHS LTD NPV | 3,802 | — | 5,512 | 9,314 | 38 | — | 55 | 93 | ||||||||
4,130 | ||||||||||||||||
PREFERRED STOCK | ||||||||||||||||
NEWS CORPORATION PREF LTD SHS AUD0.5 | 11,684 | — | 16,504 | 28,188 | 92 | — | 130 | 222 | ||||||||
RURAL PRESS PREF AUD0.20 | — | — | 297 | 297 | — | — | 2 | 2 | ||||||||
224 | ||||||||||||||||
AUSTRIA | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
BK AUSTRIA CREDIT NPV (BR) | — | 268 | 227 | 495 | — | 20 | 17 | 37 | ||||||||
ERSTE BANK DER OST NPV | — | 416 | 946 | 1,362 | — | 19 | 42 | 61 | ||||||||
EVN AG NPV | — | — | 58 | 58 | — | — | 3 | 3 | ||||||||
FLUGHAFEN WIEN AG | — | 241 | — | 241 | — | 16 | — | 16 | ||||||||
IMMOFINANZ IMMOBIL NPV NPV | — | 631 | 1,321 | 1,952 | — | 5 | 11 | 16 | ||||||||
MAYR—MELNHOF KARTON AG | — | 100 | — | 100 | — | 14 | — | 14 | ||||||||
OEST ELEKTRIZITATS CLASS A NPV | — | 5 | 23 | 28 | — | 1 | 5 | 6 | ||||||||
OMV AG ATS100(VAR) | — | 87 | 71 | 158 | — | 21 | 17 | 38 |
Page B-73
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
RHI | — | 224 | — | 224 | — | 5 | — | 5 | ||||||||
TELEKOM AUSTRIA NPV | — | 988 | 1,981 | 2,969 | — | 15 | 30 | 45 | ||||||||
VA TECHNOLOGIE AG | — | 120 | — | 120 | — | 8 | — | 8 | ||||||||
VOEST—ALPINE AG | — | 22 | — | 22 | — | 1 | — | 1 | ||||||||
WIENERBERGER AG NPV | — | 41 | 407 | 448 | — | 2 | 16 | 18 | ||||||||
268 | ||||||||||||||||
BELGIUM | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
AGFA GEVAERT NV ORD NPV | — | 111 | 520 | 631 | — | 4 | 16 | 20 | ||||||||
ALMANCORA NPV | — | — | 52 | 52 | — | — | 3 | 3 | ||||||||
ALMANIJ(ALGEM MAA) NPV | — | — | 285 | 285 | — | — | 21 | 21 | ||||||||
BARCO NV | — | 127 | — | 127 | — | 11 | — | 11 | ||||||||
BEKAERT | — | 18 | — | 18 | — | 1 | — | 1 | ||||||||
BELGACOM SA NPV | — | 550 | 1,024 | 1,574 | — | 20 | 38 | 58 | ||||||||
CMB CIE MARITIME BELGE | — | 46 | — | 46 | — | 10 | — | 10 | ||||||||
COFINIMMO (BEL) | — | 85 | — | 85 | — | 12 | — | 12 | ||||||||
COLRUYT SA NPV(POST SPLIT) | — | 44 | 62 | 106 | — | 6 | 9 | 15 | ||||||||
COLRUYT SA RTS EXP 31MAR05 | — | — | 62 | 62 | — | — | — | — | ||||||||
DELHAIZE GROUP NPV | — | 260 | 487 | 747 | — | 17 | 31 | 48 | ||||||||
DEXIA NPV | — | 1,299 | 4,402 | 5,701 | — | 26 | 88 | 114 | ||||||||
DOLMEN COMPUTER APP | — | 5 | — | 5 | — | — | — | — | ||||||||
ELECTRABEL NPV | — | 57 | 214 | 271 | — | 21 | 80 | 101 | ||||||||
FORTIS UNIT(FORTIS SA/NV NPV/0.42) | — | 2,390 | 3,727 | 6,117 | — | 61 | 95 | 156 | ||||||||
FORTIS UNIT(FORTIS SA/NV NPV/0.42) | — | — | 2,916 | 2,916 | — | — | 74 | 74 | ||||||||
GPE BRUXELLES LAM NPV (NEW) | — | 62 | 340 | 402 | — | 5 | 26 | 31 | ||||||||
INBEV NPV | — | 679 | 899 | 1,578 | — | 24 | 32 | 56 | ||||||||
KBC BANKVERZEKERIN NPV NPV | — | 335 | 465 | 800 | — | 25 | 34 | 59 |
Page B-74
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
MOBISTAR NPV | — | 74 | 170 | 244 | — | 6 | 13 | 19 | ||||||||
NATL PORTEFEUILLE CAP NPV | — | — | 17 | 17 | — | — | 3 | 3 | ||||||||
OMEGA PHARMA SA | — | 26 | — | 26 | — | 1 | — | 1 | ||||||||
SA D’IETEREN | — | 50 | — | 50 | — | 9 | — | 9 | ||||||||
SOLVAY NPV | — | 72 | 194 | 266 | — | 7 | 20 | 27 | ||||||||
UCB NPV | — | 109 | 562 | 671 | — | 6 | 30 | 36 | ||||||||
UMICORE NPV | — | 156 | 122 | 278 | — | 12 | 9 | 21 | ||||||||
906 | ||||||||||||||||
BERMUDA | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
ASIA ALUMINUN HLDG HKD0.10 | — | — | 8,000 | 8,000 | — | — | 1 | 1 | ||||||||
BIL INTERNATIONAL USD0.20 SING REG | — | — | 9,500 | 9,500 | — | — | 6 | 6 | ||||||||
BRILLIANCE CHINA USD0.01 | — | — | 6,000 | 6,000 | — | — | 1 | 1 | ||||||||
CAFE DE CORAL HLDG HKD 0.10 | — | — | 2,000 | 2,000 | — | — | 2 | 2 | ||||||||
CHEUNG KONG INFRAS HKD1 | 2,000 | — | 4,000 | 6,000 | 6 | — | 11 | 17 | ||||||||
CNPC (HONG KONG) LTD HKD0.01 | — | — | 10,000 | 10,000 | — | — | 2 | 2 | ||||||||
COFCO INTERNATIONAL LTD HKD0.10 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||
COSCO PACIFIC LTD HKD0.10 | — | — | 6,000 | 6,000 | — | — | 10 | 10 | ||||||||
DAIRY FARM INTL USD0.055555(SING) | — | — | 4,500 | 4,500 | — | — | 11 | 11 | ||||||||
ESPRIT HOLDINGS HKD0.10 | 3,500 | — | 4,500 | 8,000 | 19 | — | 24 | 43 | ||||||||
FIRST PACIFIC CO USD0.01 | — | — | 12,000 | 12,000 | — | — | 3 | 3 | ||||||||
FRONTLINE LTD | — | 479 | — | 479 | — | 24 | — | 24 | ||||||||
GIORDANO INTL LTD HKD0.05 | 10,000 | — | 8,000 | 18,000 | 6 | — | 4 | 10 | ||||||||
GREAT EAGLE HLDGS HKD 0.5 | — | — | 1,000 | 1,000 | — | — | 2 | 2 | ||||||||
GUOCO GROUP USD0.50 | — | — | 1,000 | 1,000 | — | — | 8 | 8 | ||||||||
HONG KONG LAND HLD USD 0.10(SING QUOTE) | — | — | 10,000 | 10,000 | — | — | 21 | 21 | ||||||||
HUTCHISON HARBOUR HKD0.10 | — | — | 6,000 | 6,000 | — | — | 1 | 1 |
Page B-75
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
JARDINE MATHESON USD0.25(SING QUOTE) | — | — | 2,000 | 2,000 | — | — | 30 | 30 | ||||||||
JARDINE STRATEGIC US 0.05(SING QUOTE) | — | — | 1,500 | 1,500 | — | — | 10 | 10 | ||||||||
JCG HDGS HKD0.10 | — | — | 2,000 | 2,000 | — | — | 2 | 2 | ||||||||
JOHNSON ELEC HLDGS HKD0.0125 | 4,000 | — | 10,500 | 14,500 | 4 | — | 10 | 14 | ||||||||
KERRY PROPERTIES HKD1 | 3,000 | — | 1,500 | 4,500 | 6 | — | 3 | 9 | ||||||||
LI + FUNG HKD0.025 | 4,000 | — | 10,000 | 14,000 | 6 | — | 15 | 21 | ||||||||
MANDARIN ORIENTAL USD 0.05 SING QUOTE | — | — | 6,000 | 6,000 | — | — | 4 | 4 | ||||||||
NOBLE GROUP HKD0.25 | — | — | 4,000 | 4,000 | — | — | 3 | 3 | ||||||||
NWS HOLDINGS LTD HKD1 | — | — | 5,000 | 5,000 | — | — | 7 | 7 | ||||||||
PEOPLES FOOD HLDGS COM STK HKD0.5 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||
SCMP GROUP HKD0.10 | — | — | 6,000 | 6,000 | — | — | 2 | 2 | ||||||||
SHANGRI LA ASIA LTD HKD1 | 6,000 | — | 6,000 | 12,000 | 7 | — | 7 | 14 | ||||||||
SKYWORTH DIGITAL HKD0.10 | — | — | 6,000 | 6,000 | — | — | 2 | 2 | ||||||||
SMARTONE TELECOM HKD0.10 | — | — | 1,000 | 1,000 | — | — | 1 | 1 | ||||||||
TEXWINCA HLDGS HKD0.05 | — | — | 2,000 | 2,000 | — | — | 2 | 2 | ||||||||
TPV TECHNOLOGY USD0.01 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||
YUE YUEN INDL HLDG HKD0.25 | 2,500 | — | 5,500 | 8,000 | 5 | — | 14 | 19 | ||||||||
305 | ||||||||||||||||
CAYMAN ISLANDS | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
ASM PACIFIC TECH HKD0.10 | — | — | 1,500 | 1,500 | — | — | 5 | 5 | ||||||||
GLOBAL BIO CHEM TECH HKD0.10 | — | — | 6,000 | 6,000 | — | — | 5 | 5 | ||||||||
HENGAN INTERNATION HKD10 | — | — | 4,000 | 4,000 | — | — | 2 | 2 | ||||||||
HOPEWELL HIGHWAY NPV | — | — | 3,500 | 3,500 | — | — | 2 | 2 | ||||||||
HUTCHISON TELECOM | 120 | — | — | 120 | 19 | — | — | 19 | ||||||||
KINGBOARD CHEMICAL HKD0.10 | — | — | 2,000 | 2,000 | — | — | 4 | 4 | ||||||||
KINGBOARD CHEMICAL WTS WTS EXP 31DEC06 | — | — | 200 | 200 | — | — | — | — |
Page B-76
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
LEE + MAN PAPER HKD0.10 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||
SEMICONDUCTOR MFG USD0.0004 | — | — | 21,000 | 21,000 | — | — | 4 | 4 | ||||||||
TCL INTERNATIONAL HKD0.10 | — | — | 4,000 | 4,000 | — | — | 1 | 1 | ||||||||
TINGYI(CAYMAN ISLA USD 0.005 | — | — | 6,000 | 6,000 | — | — | 1 | 1 | ||||||||
44 | ||||||||||||||||
DENMARK | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
A P MOLLER MAERSK SER A DKK1000 | — | — | 5 | 5 | — | — | 36 | 36 | ||||||||
A P MOLLER MAERSK SER B DKK1000 | — | 2 | 7 | 9 | — | 15 | 52 | 67 | ||||||||
CARLSBERG B DKK20 | — | — | 203 | 203 | — | — | 9 | 9 | ||||||||
COLOPLAST DKK10 B(REGD) | — | — | 58 | 58 | — | — | 6 | 6 | ||||||||
DANISCO DKK20 | — | 100 | 267 | 367 | — | 6 | 15 | 21 | ||||||||
DANSKE BANK DKK10 | — | 632 | 3,470 | 4,102 | — | 18 | 97 | 115 | ||||||||
FALCK A/S DKK1 | — | — | 187 | 187 | — | — | 2 | 2 | ||||||||
FLS INDUSTRIES B | — | 465 | — | 465 | — | 6 | — | 6 | ||||||||
GN STORE NORD | — | 684 | — | 684 | — | 7 | — | 7 | ||||||||
H LUNDBECK A S DKK5 | — | 536 | 553 | 1,089 | — | 10 | 10 | 20 | ||||||||
ISS INTERNATIONAL DKK20 ORD | — | 92 | 209 | 301 | — | 5 | 11 | 16 | ||||||||
JYSKE BANK A/S DKK10 | — | — | 406 | 406 | — | — | 13 | 13 | ||||||||
KOBENHAVNS LUFTHAVNE | — | 90 | — | 90 | — | 15 | — | 15 | ||||||||
NKT HOLDINGS | — | 227 | — | 227 | — | 5 | — | 5 | ||||||||
NOVO NORDISK AS DKK2 SER B | — | 519 | 1,183 | 1,702 | — | 26 | 59 | 85 | ||||||||
NOVOZYMES AS B SHS SER B DKK10 | — | 74 | 320 | 394 | — | 3 | 14 | 17 | ||||||||
TDC A/S DKK5 | — | 625 | 1,120 | 1,745 | — | 23 | 41 | 64 | ||||||||
VESTAS WIND SYSTEMS DKK1 | — | 263 | 973 | 1,236 | — | 3 | 12 | 15 | ||||||||
WILLIAM DEMANT HOL DKK1 | — | 37 | 113 | 150 | — | 2 | 5 | 7 | ||||||||
526 | ||||||||||||||||
Page B-77
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
FINLAND | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
ELISA CORPORATION | — | 292 | — | 292 | — | 4 | — | 4 | ||||||||
FORTUM OYJ EUR3.40 | — | 422 | 2,018 | 2,440 | — | 6 | 31 | 37 | ||||||||
KCI KONECRANES INT’L | — | 141 | — | 141 | — | 6 | — | 6 | ||||||||
KESKO | — | 74 | — | 74 | — | 2 | — | 2 | ||||||||
KONE CORP SER B EUR1.00 | — | 85 | 208 | 293 | — | 5 | 13 | 18 | ||||||||
METSO OYJ FIM50 | — | — | 490 | 490 | — | — | 7 | 7 | ||||||||
NOKIA OYJ EUR0.06 | — | 9,720 | 24,456 | 34,176 | — | 150 | 377 | 527 | ||||||||
OUTOKUMPU OYJ NPV | — | — | 717 | 717 | — | — | 12 | 12 | ||||||||
POHJOLA GROUP SERIES D | — | 1,233 | — | 1,233 | — | 13 | — | 13 | ||||||||
RAUTARUUKKI OYJ | — | 1,397 | — | 1,397 | — | 15 | — | 15 | ||||||||
SAMPO OYJ SER A NPV | — | 1,915 | 2,195 | 4,110 | — | 23 | 26 | 49 | ||||||||
SANOMA WSOY OYJ NPV SER B | — | — | 183 | 183 | — | — | 4 | 4 | ||||||||
STORA ENSO OYJ NPV SER R | — | 808 | 3,459 | 4,267 | — | 12 | 49 | 61 | ||||||||
TIETOENATOR OYJ ORD NPV | — | 151 | 429 | 580 | — | 4 | 12 | 16 | ||||||||
UPM KYMMENE OY NPV | — | 1,424 | 2,739 | 4,163 | — | 28 | 54 | 82 | ||||||||
UPONOR OYJ | — | 38 | — | 38 | — | 1 | — | 1 | ||||||||
WARTSILA B SHARES | — | 544 | — | 544 | — | 15 | — | 15 | ||||||||
869 | ||||||||||||||||
FRANCE | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
ACCOR EUR3 | — | 236 | 1,045 | 1,281 | — | 10 | 43 | 53 | ||||||||
AIR FRANCE KLM EUR8.50 | — | 610 | 709 | 1,319 | — | 11 | 12 | 23 | ||||||||
AIR LIQUIDE(L ) EUR11 | — | 248 | 576 | 824 | — | 40 | 93 | 133 | ||||||||
ALCATEL EUR2 | — | 1,989 | 6,596 | 8,585 | — | 29 | 96 | 125 |
Page B-78
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
ALSTOM | — | 304 | — | 304 | — | — | — | — | ||||||||
ASS GEN DE FRANCE NPV(BR) | — | — | 298 | 298 | — | — | 20 | 20 | ||||||||
ATOS ORIGIN EUR1 | — | 73 | 176 | 249 | — | 5 | 11 | 16 | ||||||||
AUTOROUTES SUD FRA NPV | — | 360 | 364 | 724 | — | 17 | 17 | 34 | ||||||||
AVENTIS (FRANCE) | — | 1,414 | — | 1,414 | — | 121 | — | 121 | ||||||||
AXA EUR2.29 | — | 2,946 | 9,911 | 12,857 | — | 64 | 213 | 277 | ||||||||
BIC EUR3.82 | — | — | 214 | 214 | — | — | 10 | 10 | ||||||||
BNP PARIBAS EUR2 | — | 1,575 | 4,603 | 6,178 | — | 108 | 313 | 421 | ||||||||
BOUYGUES EUR1 | — | 257 | 1,320 | 1,577 | — | 10 | 52 | 62 | ||||||||
BUSINESS OBJECTS | — | 163 | — | 163 | — | 4 | — | 4 | ||||||||
CAP GEMINI EUR8 | — | 98 | 688 | 786 | — | 2 | 17 | 19 | ||||||||
CARREFOUR EUR2.50 | — | 1,252 | 3,747 | 4,999 | — | 55 | 164 | 219 | ||||||||
CASINO GUICH PERR EUR1.53 | — | 128 | 197 | 325 | — | 9 | 14 | 23 | ||||||||
CHRISTIAN DIOR EUR2 | — | — | 384 | 384 | — | — | 23 | 23 | ||||||||
CIE DE ST GOBAIN EUR4 | — | 733 | 1,828 | 2,561 | — | 40 | 100 | 140 | ||||||||
CIMENTS FRANCAIS EUR4 | — | — | 64 | 64 | — | — | 6 | 6 | ||||||||
CNP ASSURANCES EUR4 | — | 252 | 218 | 470 | — | 17 | 15 | 32 | ||||||||
CREDIT AGRICOLE SA EUR3 | — | 1,185 | 3,101 | 4,286 | — | 35 | 91 | 126 | ||||||||
DASSAULT SYSTEMES EUR1 | — | 366 | 298 | 664 | — | 19 | 15 | 34 | ||||||||
ESSILOR INTL EUR0.35 | — | 122 | 542 | 664 | — | 8 | 37 | 45 | ||||||||
EURAZEO NPV | — | — | 123 | 123 | — | — | 9 | 9 | ||||||||
FRANCE TELECOM EUR4 | — | 2,297 | 9,728 | 12,025 | — | 66 | 278 | 344 | ||||||||
GECINA EUR7.5 | — | 66 | 182 | 248 | — | 6 | 16 | 22 | ||||||||
GROUPE DANONE EUR0.50 | — | 440 | 1,410 | 1,850 | — | 37 | 118 | 155 | ||||||||
HERMES INTERNATIONAL | — | 65 | — | 65 | — | 13 | — | 13 | ||||||||
IMERYS EUR2 | — | 92 | 168 | 260 | — | 6 | 12 | 18 | ||||||||
JC DECAUX SA NPV | — | — | 350 | 350 | — | — | 9 | 9 | ||||||||
KLEPIERRE EUR4 | — | 72 | 108 | 180 | — | 6 | 8 | 14 |
Page B-79
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
Par/Share | Market Value (000’s) | |||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
LAFARGE EUR4(BR) | — | 405 | 898 | 1,303 | — | 37 | 82 | 119 | ||||||||
LAGARDERE S.C.A. EUR6.10(REGD) | — | 320 | 739 | 1,059 | — | 21 | 48 | 69 | ||||||||
LOREAL EUR0.2 | — | 556 | 1,771 | 2,327 | — | 38 | 121 | 159 | ||||||||
LVMH MOET HENNESSY EUR0.30 | — | 399 | 1,933 | 2,332 | — | 27 | 132 | 159 | ||||||||
MICHELIN(CGDE) EUR2(REGD) | — | 168 | 560 | 728 | — | 9 | 30 | 39 | ||||||||
NATEXIS BQE POPULAIRE EUR16 | — | — | 51 | 51 | — | — | 6 | 6 | ||||||||
PERNOD RICARD NPV | — | 127 | 381 | 508 | — | 18 | 53 | 71 | ||||||||
PEUGEOT SA EUR1 | — | 226 | 960 | 1,186 | — | 14 | 59 | 73 | ||||||||
PIN PRINTEMPS REDO EUR4 | — | 260 | 483 | 743 | — | 25 | 45 | 70 | ||||||||
PUBLICIS GROUPE SA EUR0.40 | — | 494 | 775 | 1,269 | — | 15 | 23 | 38 | ||||||||
RENAULT (REGIE NATIONALE) EUR3.81 | — | 435 | 1,125 | 1,560 | — | 37 | 94 | 131 | ||||||||
REXEL EUR1 | — | — | 107 | 107 | — | — | 5 | 5 | ||||||||
SAGEM SA EUR1 | — | 44 | 86 | 130 | — | 4 | 8 | 12 | ||||||||
SANOFI AVENTIS EUR2 | — | 606 | 5,403 | 6,009 | — | 44 | 395 | 439 | ||||||||
SCHNEIDER ELECTRIC EUR8 | — | 505 | 1,238 | 1,743 | — | 34 | 82 | 116 | ||||||||
SNECMA EUR1 | — | 1,437 | 570 | 2,007 | — | 27 | 12 | 39 | ||||||||
SOC GENERALE EUR1.25 | — | 733 | 2,339 | 3,072 | — | 68 | 217 | 285 | ||||||||
SODEXHO ALLIANCE EUR4 | — | 119 | 628 | 747 | — | 3 | 16 | 19 | ||||||||
SUEZ EUR 2 | — | 1,801 | 5,284 | 7,085 | — | 42 | 123 | 165 | ||||||||
TECHNIP NPV | — | 35 | 104 | 139 | — | 6 | 16 | 22 | ||||||||
TF1 TV FRANCAISE EUR0.20 | — | — | 848 | 848 | — | — | 26 | 26 | ||||||||
THALES EUR3 | — | 101 | 416 | 517 | — | 4 | 15 | 19 | ||||||||
THOMSON SA EUR3.75 | — | 227 | 1,476 | 1,703 | — | 5 | 33 | 38 | ||||||||
TOTAL SA EUR10 | — | 1,221 | 3,435 | 4,656 | — | 255 | 714 | 969 | ||||||||
UNIBAIL EUR5 | — | 121 | 237 | 358 | — | 16 | 31 | 47 | ||||||||
VALEO EUR3 | — | 79 | 437 | 516 | — | 3 | 16 | 19 | ||||||||
VEOLIA ENVIRONNEMENT EUR5.00 | — | 303 | 1,597 | 1,900 | — | 9 | 48 | 57 | ||||||||
VINCI EUR10 | — | 83 | 455 | 538 | — | 10 | 54 | 64 |
Page B-80
VIVENDI UNIVERSAL EUR5.5 | — | 2,237 | 5,593 | 7,830 | — | 61 | 153 | 214 | ||||||||
6,036 | ||||||||||||||||
GERMANY | ||||||||||||||||
COMMON STOCK | ||||||||||||||||
ADIDAS SALOMON AG DEM5 | — | 57 | 239 | 296 | — | 8 | 33 | 41 | ||||||||
ALLIANZ AG NPV(REGD)(VINKULIERT) | — | 585 | 1,971 | 2,556 | — | 62 | 210 | 272 | ||||||||
ALTANA AG NPV | — | 389 | 398 | 787 | — | 20 | 20 | 40 | ||||||||
AMB GENERALI HOLDING AG NPV | — | — | 53 | 53 | — | — | 4 | 4 | ||||||||
BASF AG NPV | — | 1,093 | 3,076 | 4,169 | — | 68 | 192 | 260 | ||||||||
BAYER AG ORD NPV | — | 1,072 | 3,803 | 4,875 | — | 30 | 108 | 138 | ||||||||
BAYER HYPO VEREINS ORD NPV | — | 1,373 | 2,851 | 4,224 | — | 27 | 56 | 83 | ||||||||
BAYERISCHE MOTOREN WERKE AG EUR1 | — | — | 1,553 | 1,553 | — | — | 66 | 66 | ||||||||
BEIERSDORF AG SER A B C NPV(VAR) | — | 166 | 89 | 255 | — | 16 | 8 | 24 | ||||||||
CELESIO AG NPV | — | 254 | 208 | 462 | — | 18 | 15 | 33 | ||||||||
COMMERZBANK AG NPV | — | 541 | 2,361 | 2,902 | — | 10 | 43 | 53 | ||||||||
CONTINENTAL AG ORD NPV | — | 376 | 695 | 1,071 | — | 21 | 38 | 59 | ||||||||
DAIMLERCHRYSLER AG ORD NPV(REGD) | — | 1,693 | 5,285 | 6,978 | — | 70 | 218 | 288 | ||||||||
DEGUSSA AG NPV | — | — | 182 | 182 | — | — | 7 | 7 | ||||||||
DEUTSCHE BANK AG ORD NPV (REGD) | — | 1,006 | 2,987 | 3,993 | — | 77 | 227 | 304 | ||||||||
DEUTSCHE BOERSE AG NPV | — | 118 | 606 | 724 | — | 6 | 30 | 36 | ||||||||
DEUTSCHE LUFTHANSA ORD NPV (REGD)(VINK) | — | 238 | 1,417 | 1,655 | — | 3 | 19 | 22 | ||||||||
DEUTSCHE POST AG NPV REGD | — | 925 | 2,348 | 3,273 | — | 18 | 46 | 64 | ||||||||
DEUTSCHE TELEKOM NPV(REGD) | — | 5,057 | 16,589 | 21,646 | — | 97 | 318 | 415 | ||||||||
DOUGLAS HOLDING AG | — | 391 | — | 391 | — | 12 | — | 12 | ||||||||
DT POSTBANK AG NPV | — | — | 346 | 346 | — | — | 14 | 14 | ||||||||
E ON AG NPV | — | 1,295 | 3,654 | 4,949 | — | 106 | 297 | 403 | ||||||||
EPCOS | — | 61 | — | 61 | — | 1 | — | 1 |
Page B-81
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
FRESENIUS AG DEM5 | — | — | 38 | 38 | — | — | 4 | 4 | ||||||||||||||||
FRESENIUS MEDICAL DEM5 | — | 198 | 180 | 378 | — | 15 | 14 | 29 | ||||||||||||||||
HANNOVER RUECKVERS ORD NPV(REGD) | — | — | 291 | 291 | — | — | 9 | 9 | ||||||||||||||||
HEIDELBERGCEMENT NPV | — | 277 | 245 | 522 | — | 14 | 12 | 26 | ||||||||||||||||
HEIDELBERGER DRUCK ORD NPV | — | — | 446 | 446 | — | — | 13 | 13 | ||||||||||||||||
HENKEL KGAA NPV (BR) | — | — | 213 | 213 | — | — | 15 | 15 | ||||||||||||||||
HYPO REAL ESTATE NPV | — | 105 | 669 | 774 | — | 4 | 25 | 29 | ||||||||||||||||
INFINEON TECHNOLOGIES AG ORD NPV | — | 967 | 3,940 | 4,907 | — | 11 | 43 | 54 | ||||||||||||||||
KARSTADT QUELLE AG NPV | — | 357 | 344 | 701 | — | 4 | 4 | 8 | ||||||||||||||||
LINDE AG NPV | — | 104 | 471 | 575 | — | 6 | 28 | 34 | ||||||||||||||||
MAN AG ORD NPV | — | — | 543 | 543 | — | — | 19 | 19 | ||||||||||||||||
MERCK KGAA ORD NPV | — | 115 | 70 | 185 | — | 6 | 4 | 10 | ||||||||||||||||
METRO AG ORD NPV | — | 182 | 854 | 1,036 | — | 9 | 41 | 50 | ||||||||||||||||
MLP AG NPV | — | — | 436 | 436 | — | — | 7 | 7 | ||||||||||||||||
MUENCHENER RUCKVERS AG NPV(REGD) | — | 380 | 1,198 | 1,578 | — | 37 | 117 | 154 | ||||||||||||||||
PUMA AG NPV | — | 29 | 64 | 93 | — | 7 | 16 | 23 | ||||||||||||||||
RWE AG (NEU) NPV A | — | 683 | 2,102 | 2,785 | — | 36 | 111 | 147 | ||||||||||||||||
SAP AG NPV | — | 422 | 1,216 | 1,638 | — | 72 | 207 | 279 | ||||||||||||||||
SCHERING AG ORD NPV | — | 210 | 1,056 | 1,266 | — | 14 | 68 | 82 | ||||||||||||||||
SIEMENS AG NPV (REGD) NPV (REGD) | — | 1,557 | 4,701 | 6,258 | — | 116 | 350 | 466 | ||||||||||||||||
SUEDZUCKER AG NPV | — | 629 | 435 | 1,064 | — | 12 | 8 | 20 | ||||||||||||||||
T ONLINE NPV | — | — | 1,443 | 1,443 | — | — | 17 | 17 | ||||||||||||||||
THYSSENKRUPP AG NPV | — | 332 | 1,982 | 2,314 | — | 6 | 37 | 43 | ||||||||||||||||
TUI AG NPV | — | 549 | 703 | 1,252 | — | 11 | 15 | 26 | ||||||||||||||||
VOLKSWAGEN AG ORD NPV | — | 279 | 1,262 | 1,541 | — | 12 | 56 | 68 | ||||||||||||||||
4,273 | ||||||||||||||||||||||||
Page B-82
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
PREFERRED STOCK | ||||||||||||||||||||||||
FRESENIUS AG NON VTG PRF NPV | — | — | 114 | 114 | — | — | 10 | 10 | ||||||||||||||||
FRESENIUS MEDICAL NON VTG PRF NPV | — | — | 122 | 122 | — | — | 7 | 7 | ||||||||||||||||
HENKEL KGAA NON VTG PRF NPV | — | 74 | 327 | 401 | — | 6 | 24 | 30 | ||||||||||||||||
PORSCHE AG NON VTG PRF NPV | — | 20 | 46 | 66 | — | 13 | 29 | 42 | ||||||||||||||||
PROSIEBEN SAT1 MEDIA | — | 237 | — | 237 | — | 4 | — | 4 | ||||||||||||||||
RWE AG- NON VTG PFD | — | 133 | — | 133 | — | 6 | — | 6 | ||||||||||||||||
VOLKSWAGEN AG | — | 293 | — | 293 | — | 9 | — | 9 | ||||||||||||||||
WELLA AG NON VTG PRF NPV | — | — | 82 | 82 | — | — | 8 | 8 | ||||||||||||||||
116 | ||||||||||||||||||||||||
GREECE | ||||||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||||||
ALPHA BANK EUR5.42 (REGD) | — | 607 | 1,204 | 1,811 | — | 17 | 34 | 51 | ||||||||||||||||
BK OF PIRAEUS EUR4.15(REGD) | — | 406 | 1,292 | 1,698 | — | 5 | 17 | 22 | ||||||||||||||||
COCA COLA HELL BOT EUR0.50(CB) | — | 533 | 419 | 952 | — | 12 | 9 | 21 | ||||||||||||||||
COSMOTE MOBILE TEL EUR0.47 | — | 100 | 680 | 780 | — | 2 | 12 | 14 | ||||||||||||||||
EFG EUROBANK ERGAS EUR2.95(CR) | — | 732 | 1,203 | 1,935 | — | 20 | 33 | 53 | ||||||||||||||||
EMPORIKI BANK OF GREECE SA EUR5 (REGD) | — | 192 | 367 | 559 | — | 5 | 10 | 15 | ||||||||||||||||
HELLENIC PETROLEUM EUR2.18 | — | 114 | 522 | 636 | — | 1 | 5 | 6 | ||||||||||||||||
HELLENIC TECHNODOMIKI | — | 1,111 | — | 1,111 | — | 4 | — | 4 | ||||||||||||||||
INTRACOM COMMON | — | 904 | — | 904 | — | 4 | — | 4 | ||||||||||||||||
NATL BK OF GREECE EUR4.50 (REGD) | — | 309 | 1,406 | 1,715 | — | 9 | 39 | 48 | ||||||||||||||||
OPAP (ORG OF FOOTB) EUR0.30 (CR) | — | 148 | 820 | 968 | — | 3 | 17 | 20 | ||||||||||||||||
OTE (HELLENIC TLCM) EUR2.39(CR) | — | 314 | 1,943 | 2,257 | — | 5 | 30 | 35 | ||||||||||||||||
PUBLIC POWER CORP EUR4.60 | — | 534 | 560 | 1,094 | — | 13 | 14 | 27 | ||||||||||||||||
TECHNICAL OLYMPIC S.A. | — | 1,340 | — | 1,340 | — | 6 | — | 6 | ||||||||||||||||
TITAN CEMENT CO EUR2 | — | — | 300 | 300 | — | — | 8 | 8 | ||||||||||||||||
VIOHALCO | — | 1,894 | — | 1,894 | — | 15 | — | 15 | ||||||||||||||||
350 | ||||||||||||||||||||||||
Page B-83
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
HONG KONG | ||||||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||||||
ASIA SATELLITE TEL HKD0.10 | — | — | 500 | 500 | — | — | 1 | 1 | ||||||||||||||||
BANK OF EAST ASIA HKD 2.50 | 3,600 | — | 7,600 | 11,20 | 0 | 10 | — | 22 | 32 | |||||||||||||||
BEIJING ENTERPRISE ORD HKD0.10 H SHS | — | — | 2,000 | 2,000 | — | — | 2 | 2 | ||||||||||||||||
BOC HONG KONG HOLDINGS LTD HKD5 | 14,000 | — | 22,50 | 0 | 36,50 | 0 | 25 | — | 41 | 66 | ||||||||||||||
CATHAY PACIFIC AIR HKD0.20 | 4,000 | — | 7,000 | 11,00 | 0 | 7 | — | 12 | 19 | |||||||||||||||
CHAODA MODERN AGRICULTURE HKD0.10 | — | — | 2,100 | 2,100 | — | — | 1 | 1 | ||||||||||||||||
CHEUNG KONG(HLDGS) HKD0.50 | 6,000 | — | 9,000 | 15,00 | 0 | 50 | — | 75 | 125 | |||||||||||||||
CHINA EVERBRIGHT HKD1 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||||||||||
CHINA INSURANCE IN HKD0.05 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||||||||||
CHINA MERCHANTS HLDGS INTL HKD0 | — | — | 6,000 | 6,000 | — | — | 9 | 9 | ||||||||||||||||
CHINA MOBILE (HK) HKD0.10 | — | — | 28,00 | 0 | 28,00 | 0 | — | — | 81 | 81 | ||||||||||||||
CHINA NAT AVIATION HKD0.10 | — | — | 4,000 | 4,000 | — | — | 1 | 1 | ||||||||||||||||
CHINA O/SEAS LAND HKD0.10 | — | — | 6,000 | 6,000 | — | — | 1 | 1 | ||||||||||||||||
CHINA RES PWR HLDG HKD1 | ��� | — | 4,000 | 4,000 | — | — | 2 | 2 | ||||||||||||||||
CHINA RESOURCES EN HKD1 | — | — | 10,00 | 0 | 10,00 | 0 | — | — | 14 | 14 | ||||||||||||||
CHINA TRAVEL INTL HKD0.10 | — | — | 10,00 | 0 | 10,00 | 0 | — | — | 3 | 3 | ||||||||||||||
CHINA UNICOM HKD0.1 | — | — | 12,00 | 0 | 12,00 | 0 | — | — | 9 | 9 | ||||||||||||||
CITIC INTERNATIONAL FINANCIA HKD | — | — | 12,00 | 0 | 12,00 | 0 | — | — | 5 | 5 | ||||||||||||||
CITIC PACIFIC LTD HKD0.40 | — | — | 4,000 | 4,000 | — | — | 10 | 10 | ||||||||||||||||
CLP HOLDINGS HKD5 | 7,200 | — | 9,700 | 16,90 | 0 | 41 | — | 56 | 97 | |||||||||||||||
CNOOC LTD HKD0.02 | — | — | 50,00 | 0 | 50,00 | 0 | — | — | 26 | 26 | ||||||||||||||
DAH SING FINANCIAL HKD2 | — | — | 400 | 400 | — | — | 3 | 3 | ||||||||||||||||
DENWAY MOTORS LTD HKD0.10 | — | — | 22,00 | 0 | 22,00 | 0 | — | — | 7 | 7 | ||||||||||||||
FOUNTAIN SET HLDGS HKD0.20 | — | — | 2,000 | 2,000 | — | — | 2 | 2 |
Page B-84
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
GUANGDONG INVEST HKD0.50 | — | — | 4,000 | 4,000 | — | — | 1 | 1 | ||||||||||||||||
GUANGZHOU INVMNT HKD0.10 | — | — | 10,000 | 10,000 | — | — | 1 | 1 | ||||||||||||||||
HANG LUNG GROUP LTD HKD1 | — | — | 5,000 | 5,000 | — | — | 8 | 8 | ||||||||||||||||
HANG LUNG PROP HKD1 | 7,000 | — | 7,000 | 14,000 | 11 | — | 10 | 21 | ||||||||||||||||
HANG SENG BANK HKD5 | 3,200 | — | 4,000 | 7,200 | 43 | — | 53 | 96 | ||||||||||||||||
HENDERSON INV HKD0.20 | — | — | 5,000 | 5,000 | — | — | 7 | 7 | ||||||||||||||||
HENDERSON LAND DEV HKD2 | 3,000 | — | 4,000 | 7,000 | 14 | — | 19 | 33 | ||||||||||||||||
HONG KONG AIRCRAFT HKD1 | — | — | 400 | 400 | — | — | 2 | 2 | ||||||||||||||||
HONG KONG ELECTRIC HKD1 | 6,500 | — | 8,500 | 15,000 | 29 | — | 38 | 67 | ||||||||||||||||
HONG KONG EXCHANGE HKD1 | 4,000 | — | 6,000 | 10,000 | 9 | — | 14 | 23 | ||||||||||||||||
HONGKONG+CHINA GAS HKD0.25 | 16,900 | — | 21,930 | 38,830 | 33 | — | 42 | 75 | ||||||||||||||||
HONGKONG+SHANG HOT HKD0.50 | — | — | 5,000 | 5,000 | — | — | 4 | 4 | ||||||||||||||||
HOPEWELL HLDGS HKD2.50 | 3,000 | — | 4,000 | 7,000 | 6 | — | 9 | 15 | ||||||||||||||||
HUNG HING PRINTING HKD0.10 | — | — | 2,000 | 2,000 | — | — | 2 | 2 | ||||||||||||||||
HUTCHISON WHAMPOA HKD0.25 | 9,000 | — | 17,000 | 26,000 | 69 | — | 131 | 200 | ||||||||||||||||
HYSAN DEVELOPMENT HKD5 | 3,000 | — | 4,000 | 7,000 | 5 | — | 7 | 12 | ||||||||||||||||
I CABLE COMMUNICATION HKD1 | — | — | 2,200 | 2,200 | — | — | 1 | 1 | ||||||||||||||||
INDUS + COMMER BK HKD2.00 | — | — | 3,000 | 3,000 | — | — | 4 | 4 | ||||||||||||||||
INTERCHINA CO HLDG HKD0.10 | — | — | 10,000 | 10,000 | — | — | — | — | ||||||||||||||||
INTL BANK OF ASIA HKD1 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||||||||||
KOWLOON MOTOR BUS HKD1 | — | — | 2,000 | 2,000 | — | — | 9 | 9 | ||||||||||||||||
LENOVO GROUP LTD HKD0.025 | — | — | 16,000 | 16,000 | — | — | 6 | 6 | ||||||||||||||||
LIU CHONG HING BNK HKD0.50 | — | — | 1,000 | 1,000 | — | — | 1 | 1 | ||||||||||||||||
MTR CORP HKD1 | 6,000 | — | 9,000 | 15,000 | 9 | — | 13 | 22 | ||||||||||||||||
NEW WORLD DEVEL CO HKD1 | 9,000 | — | 12,000 | 21,000 | 8 | — | 10 | 18 | ||||||||||||||||
NEXT MEDIA HKD1 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||||||||||
ORIENTAL PRESS GRP HKD 0.25 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | ||||||||||||||||
PCCW LIMITED HKD0.25 | 14,000 | — | 21,200 | 35,200 | 8 | — | 13 | 21 |
Page B-85
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
S/INDUSTRIAL HLDG HKD0.10 | — | — | 14,000 | 14,000 | — | — | 27 | 27 | ||||||||||||||||
SHENZHEN INVESTMEN HKD0.05 | — | — | 2,000 | 2,000 | — | — | — | — | ||||||||||||||||
SHN INTL HLDGS HKD0.10 | — | — | 22,500 | 22,500 | — | — | 1 | 1 | ||||||||||||||||
SHUN TAK HLDGS HKD0.25 | — | — | 8,000 | 8,000 | — | — | 5 | 5 | ||||||||||||||||
SINO LAND CO HKD1.00 | 8,000 | — | 12,000 | 20,000 | 7 | — | 10 | 17 | ||||||||||||||||
SUN HUNG KAI PROPS HKD0.50 | 6,000 | — | 10,000 | 16,000 | 56 | — | 93 | 149 | ||||||||||||||||
SWIRE PACIFIC A HKD0.60 | 4,500 | — | 4,500 | 9,000 | 32 | — | 32 | 64 | ||||||||||||||||
SWIRE PACIFIC B HKD0.12 | — | — | 7,500 | 7,500 | — | — | 9 | 9 | ||||||||||||||||
TCL COMMUNICATION HKD0.10 | — | — | 1,600 | 1,600 | — | — | — | — | ||||||||||||||||
TECHTRONIC INDUSTR ORD HKD0.1 | 4,000 | — | 6,000 | 10,000 | 8 | — | 12 | 20 | ||||||||||||||||
TELEVISION BROADCT HKD0.05 | 2,000 | — | 2,000 | 4,000 | 9 | — | 9 | 18 | ||||||||||||||||
WHARF(HLDGS) HKD1 | 6,000 | — | 6,000 | 12,000 | 20 | — | 20 | 40 | ||||||||||||||||
WHEELOCK + CO HKD0.50 | — | — | 4,000 | 4,000 | — | — | 6 | 6 | ||||||||||||||||
WING HANG BANK LTD | — | — | 1,500 | 1,500 | — | — | 10 | 10 | ||||||||||||||||
WING LUNG BANK HKD5 | — | — | 600 | 600 | — | — | 5 | 5 | ||||||||||||||||
1,541 | ||||||||||||||||||||||||
IRELAND | ||||||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||||||
ALLIED IRISH BANK - EURO | — | 872 | — | 872 | — | 15 | — | 15 | ||||||||||||||||
ALLIED IRISH BANKS EUR0.32 (DUBLIN LISTING) | — | 1,382 | 4,755 | 6,137 | — | 24 | 83 | 107 | ||||||||||||||||
ANGLO IRISH BK CP ORD EUR0.32(DUBLIN LISTING) | — | — | 1,783 | 1,783 | — | — | 34 | 34 | ||||||||||||||||
BANK OF IRELAND (EUR) | — | 975 | — | 975 | — | 13 | — | 13 | ||||||||||||||||
BK OF IRELAND ORD STK EUR0.64 | — | 1,593 | 5,289 | 6,882 | — | 22 | 72 | 94 | ||||||||||||||||
CRH ORD IEP0.32(DUBLIN LISTING) | — | 858 | 2,826 | 3,684 | — | 21 | 68 | 89 | ||||||||||||||||
DEPFA BANK PLC ORD EUR0.30 | — | 1,100 | 1,815 | 2,915 | — | 17 | 28 | 45 | ||||||||||||||||
ELAN CORP ORD EUR0.05 | — | 695 | 2,026 | 2,721 | — | 18 | 52 | 70 | ||||||||||||||||
GRAFTON GROUP UTS (1 ORD | — | 643 | — | 643 | — | 6 | — | 6 |
Page B-86
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
GREENCORE GROUP | — | 200 | — | 200 | — | 1 | — | 1 | ||||||||||||||||
INDEPENDENT NEWS & MEDIA | — | 1,951 | — | 1,951 | — | 6 | — | 6 | ||||||||||||||||
IRISH LIFE + PERM ORD EUR0.32 | — | 704 | 1,441 | 2,145 | — | 12 | 24 | 36 | ||||||||||||||||
KERRY GROUP A ORD I0.10(DUBLIN LIST) | — | 142 | 811 | 953 | — | 3 | 18 | 21 | ||||||||||||||||
RYANAIR HOLDINGS - EURO | — | 1,409 | — | 1,409 | — | 7 | — | 7 | ||||||||||||||||
544 | ||||||||||||||||||||||||
ITALY | ||||||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||||||
AEM SPA EUR0.52 | — | — | 3,698 | 3,698 | — | — | 8 | 8 | ||||||||||||||||
ALLEANZA ASSICURAZ EUR0.5 | — | 580 | 2,303 | 2,883 | — | 7 | 27 | 34 | ||||||||||||||||
ASSIC GENERALI EUR1.00 | — | 1,990 | 6,723 | 8,713 | — | 59 | 199 | 258 | ||||||||||||||||
AUTOGRILL SPA EUR0.52 | — | 1,008 | 653 | 1,661 | — | 15 | 10 | 25 | ||||||||||||||||
AUTOSTRADE EUR1 | — | 817 | 1,510 | 2,327 | — | 18 | 33 | 51 | ||||||||||||||||
BANCA INTESA SPA EUR0.52 | — | 4,724 | 23,390 | 28,114 | — | 19 | 96 | 115 | ||||||||||||||||
BANCA POPOLARE MILANO | — | 790 | — | 790 | — | 6 | — | 6 | ||||||||||||||||
BCA ANTONVENETA EUR3 | — | 400 | 1,486 | 1,886 | — | 8 | 31 | 39 | ||||||||||||||||
BCA CARIGE SPA EUR 1 | — | — | 2,465 | 2,465 | — | — | 10 | 10 | ||||||||||||||||
BCA FIDEURAM SPA EUR0.26 | — | 1,668 | 1,594 | 3,262 | — | 8 | 8 | 16 | ||||||||||||||||
BCA INTESA SPA - RNC | — | 1,759 | — | 1,759 | — | 6 | — | 6 | ||||||||||||||||
BCA LOMBARDA ITL1000 | — | — | 1,670 | 1,670 | — | — | 21 | 21 | ||||||||||||||||
BCA NAZ DEL LAVORO EUR0.50 | — | 1,908 | 8,289 | 10,197 | — | 4 | 19 | 23 | ||||||||||||||||
BCA POP DI LODI EUR3 | — | — | 1,476 | 1,476 | — | — | 16 | 16 | ||||||||||||||||
BCA POP EMILIA ROM ITL500 | — | — | 389 | 389 | — | — | 17 | 17 | ||||||||||||||||
BCE POP UNITE ORD EUR2.50 | — | 350 | 1,766 | 2,116 | — | 6 | 31 | 37 | ||||||||||||||||
BCP POP VERON NOV EUR3.6 | — | 461 | 1,954 | 2,415 | — | 8 | 35 | 43 | ||||||||||||||||
BENETTON GROUP SPA EUR1.30 | — | 803 | 429 | 1,232 | — | 9 | 5 | 14 | ||||||||||||||||
BULGARI SPA EUR0.07 | — | — | 760 | 760 | — | — | 8 | 8 |
Page B-87
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
CAPITALIA SPA EUR1 | — | 5,544 | 8,460 | 14,004 | — | 21 | 32 | 53 | ||||||||||||||||
EDISON EUR1 | — | 8,700 | 6,357 | 15,057 | — | 17 | 13 | 30 | ||||||||||||||||
ENEL EUR1 | — | 5,042 | 23,845 | 28,887 | — | 46 | 216 | 262 | ||||||||||||||||
ENI EUR1 | — | 5,410 | 15,826 | 21,236 | — | 123 | 359 | 482 | ||||||||||||||||
FIAT SPA EUR 5 | — | 452 | 3,089 | 3,541 | — | 3 | 22 | 25 | ||||||||||||||||
FINECOGROUP EUR1 | — | 177 | 1,548 | 1,725 | — | 1 | 11 | 12 | ||||||||||||||||
FINMECCANICA SA EUR0.22 | — | 7,355 | 33,135 | 40,490 | — | 6 | 26 | 32 | ||||||||||||||||
FONDIARIA SAI SPA EUR1 | — | — | 509 | 509 | — | — | 12 | 12 | ||||||||||||||||
GR ED L ESPRESSO EUR0.15 | — | 215 | 1,134 | 1,349 | — | 1 | 6 | 7 | ||||||||||||||||
IFIL INVESTMENTS SPA EUR1 | — | — | 2,665 | 2,665 | — | — | 10 | 10 | ||||||||||||||||
ITALCEMENTI DI RISP EUR1 | — | — | 382 | 382 | — | — | 4 | 4 | ||||||||||||||||
ITALCEMENTI EUR1 | — | — | 561 | 561 | — | — | 9 | 9 | ||||||||||||||||
LUXOTTICA GROUP EUR0.06 | — | 663 | 698 | 1,361 | — | 12 | 13 | 25 | ||||||||||||||||
MEDIASET EUR0.52 | — | 2,307 | 3,113 | 5,420 | — | 26 | 35 | 61 | ||||||||||||||||
MEDIOBANCA SPA EUR0.5 | — | 582 | 2,153 | 2,735 | — | 8 | 30 | 38 | ||||||||||||||||
MEDIOLANUM EUR0.1 | — | 1,530 | 1,145 | 2,675 | — | 10 | 7 | 17 | ||||||||||||||||
MONTE PASCHI SIENA EUR0.64 | — | 3,703 | 6,414 | 10,117 | — | 11 | 19 | 30 | ||||||||||||||||
PIRELLI + CO SPA EURO 0.52 | — | 1,592 | 13,151 | 14,743 | — | 2 | 15 | 17 | ||||||||||||||||
RAS EUR0.6 | — | 1,292 | 1,768 | 3,060 | — | 27 | 37 | 64 | ||||||||||||||||
RCS MEDIAGROUP EUR1 | — | — | 2,890 | 2,890 | — | — | 14 | 14 | ||||||||||||||||
SAIPEM EUR1 | — | — | 2,550 | 2,550 | — | — | 29 | 29 | ||||||||||||||||
SAN PAOLO IMI SPA EUR2.80 | — | 1,264 | 5,535 | 6,799 | — | 16 | 70 | 86 | ||||||||||||||||
SEAT PAGINE GIALLE EUR0.03 | — | 17,602 | 21,372 | 38,974 | — | 6 | 7 | 13 | ||||||||||||||||
SNAM RETE GAS EUR1 | — | 436 | 5,020 | 5,456 | — | 2 | 25 | 27 | ||||||||||||||||
T.E.R.N.A ORD EUR0.22 | — | — | 5,290 | 5,290 | — | — | 13 | 13 | ||||||||||||||||
TELECOM ITALIA DI RISP EUR.55 | — | 13,836 | 25,539 | 39,375 | — | 35 | 63 | 98 | ||||||||||||||||
TELECOM ITALIA EUR.55 | — | 17,146 | 56,997 | 74,143 | — | 57 | 190 | 247 | ||||||||||||||||
TELECOM ITALIA MEDIA RTS | — | — | — | — | — | — | — | — |
Page B-89
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
TELECOM ITALIA MEDIA SPA | — | 1,725 | — | 1,725 | — | 1 | — | 1 | ||||||||||||||||
TIM SPA EUR0.06 | — | 7,891 | 21,702 | 29,593 | — | 47 | 128 | 175 | ||||||||||||||||
TISCALI SPA | — | 226 | — | 226 | — | 1 | — | 1 | ||||||||||||||||
UNICREDITO ITALIAN EUR0.50 | — | 9,405 | 24,028 | 33,433 | — | 51 | 129 | 180 | ||||||||||||||||
UNIPOL ITL1000 | — | — | 811 | 811 | — | — | 3 | 3 | ||||||||||||||||
2,827 | ||||||||||||||||||||||||
JAPAN | ||||||||||||||||||||||||
COMMON STOCK | ||||||||||||||||||||||||
77TH BANK JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 6 | 12 | ||||||||||||||||
ABC MART INC NPV | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||||||||||
ACOM CO JPY50 | 220 | — | 400 | 620 | 14 | — | 25 | 39 | ||||||||||||||||
ADVANTEST JPY50 | 300 | — | 400 | 700 | 21 | — | 28 | 49 | ||||||||||||||||
AEON CO LTD JPY50 | 2,500 | — | 2,600 | 5,100 | 40 | — | 42 | 82 | ||||||||||||||||
AEON CREDIT SERV JPY50 | 100 | — | 100 | 200 | 7 | — | 7 | 14 | ||||||||||||||||
AIFUL CORP JPY50 | 200 | — | 200 | 400 | 20 | — | 20 | 40 | ||||||||||||||||
AIOI INSURANCE CO NPV | — | — | 2,000 | 2,000 | — | — | 8 | 8 | ||||||||||||||||
AISIN SEIKI CO JPY50 | 600 | — | 1,000 | 1,600 | 14 | — | 22 | 36 | ||||||||||||||||
AJINOMOTO CO INC JPY50 | 2,000 | — | 4,000 | 6,000 | 22 | — | 44 | 66 | ||||||||||||||||
ALFRESA HOLDINGS C NPV | — | — | 100 | 100 | — | — | 4 | 4 | ||||||||||||||||
ALL NIPPON AIRWAYS JPY50 | 2,000 | — | 9,000 | 11,000 | 6 | — | 28 | 34 | ||||||||||||||||
ALPS ELECTRIC CO JPY50 | 1,000 | — | 1,000 | 2,000 | 12 | — | 12 | 24 | ||||||||||||||||
AMADA CO JPY50 | 2,000 | — | 1,000 | 3,000 | 11 | — | 5 | 16 | ||||||||||||||||
AOYAMA TRADING CO JPY50 | 300 | — | 200 | 500 | 7 | — | 4 | 11 | ||||||||||||||||
ARISAWA MFG CO JPY50 | — | — | 100 | 100 | — | — | 4 | 4 | ||||||||||||||||
ASAHI BREWERIES JPY50 | 1,000 | — | 2,000 | 3,000 | 10 | — | 21 | 31 | ||||||||||||||||
ASAHI GLASS CO JPY50 | 3,000 | — | 5,000 | 8,000 | 28 | — | 46 | 74 | ||||||||||||||||
ASAHI KASEI CORP JPY50 | 5,000 | — | 6,000 | 11,000 | 21 | — | 26 | 47 |
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TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||||||||||
TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||||||||||
ASATSU DK JPY50 | 200 | — | 100 | 300 | 6 | — | 3 | 9 | ||||||||||||||||
AUTOBAC SEVEN | 200 | — | — | 200 | 5 | — | — | 5 | ||||||||||||||||
AWA BANK JPY50 | — | — | 2,000 | 2,000 | — | — | 12 | 12 | ||||||||||||||||
BANDAI CO JPY50 | 300 | — | 400 | 700 | 7 | — | 9 | 16 | ||||||||||||||||
BANK OF KYOTO JPY50 | — | — | 1,000 | 1,000 | — | — | 7 | 7 | ||||||||||||||||
BANK OF NAGOYA JPY50 | — | — | 2,000 | 2,000 | — | — | 10 | 10 | ||||||||||||||||
BANK OF YOKOHAMA JPY50 | 4,000 | — | 5,000 | 9,000 | 24 | — | 30 | 54 | ||||||||||||||||
BENESSE CORP JPY50 | 200 | — | 300 | 500 | 6 | — | 8 | 14 | ||||||||||||||||
BOSCH AUTOMATIVES | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||||||||||
BRIDGESTONE CORP JPY50 | 3,000 | — | 3,000 | 6,000 | 55 | — | 54 | 109 | ||||||||||||||||
BROTHER INDUSTRIES JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | ||||||||||||||||
CANON INC JPY50 | 3,600 | — | 5,000 | 8,600 | 178 | — | 247 | 425 | ||||||||||||||||
CASIO COMPUTER CO JPY50 | 1,000 | — | 1,000 | 2,000 | 12 | — | 12 | 24 | ||||||||||||||||
CENTRAL GLASS CO JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||||||||||
CENTRAL JPAN RLWY JPY50000 | 4 | — | 5 | 9 | 33 | — | 40 | 73 | ||||||||||||||||
CHIBA BANK JPY50 | 2,000 | — | 3,000 | 5,000 | 13 | — | 19 | 32 | ||||||||||||||||
CHIYODA CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 8 | 8 | ||||||||||||||||
CHUBU ELEC POWER JPY500 | 2,600 | — | 2,900 | 5,500 | 57 | — | 63 | 120 | ||||||||||||||||
CHUGAI PHARM CO JPY50 | 800 | — | 1,900 | 2,700 | 13 | — | 30 | 43 | ||||||||||||||||
CHUGOKU BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 10 | 10 | ||||||||||||||||
CHUGOKU ELEC POWER JPY500 | — | — | 1,500 | 1,500 | — | — | 26 | 26 | ||||||||||||||||
CIRCLE K SUNKUS CO NPV | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||||||||||
CITIZEN WATCH CO JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 9 | 19 | ||||||||||||||||
COCA COLA WEST JAPAN JPY50 | 300 | — | 100 | 400 | 7 | — | 2 | 9 | ||||||||||||||||
COSMO OIL COMPANY JPY50 | — | — | 2,000 | 2,000 | — | — | 6 | 6 | ||||||||||||||||
CREDIT SAISON CO JPY50 | 700 | — | 800 | 1,500 | 23 | — | 26 | 49 | ||||||||||||||||
CSK CORPORATION JPY50 | 300 | — | 300 | 600 | 12 | — | 12 | 24 | ||||||||||||||||
DAI NIPPON PRINTNG JPY50 | 3,000 | — | 3,000 | 6,000 | 41 | — | 41 | 82 |
Page B-91
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | ||||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | ||||||||||
DAICEL CHEM INDS JPY50 | 2,000 | — | 1,000 | 3,000 | 10 | — | 5 | 15 | |||||||||
DAIDO STEEL CO JPY50 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | |||||||||
DAIEI INC JPY50 | — | — | 1,500 | 1,500 | — | — | 3 | 3 | |||||||||
DAIHATSU MOTOR CO JPY50 | — | — | 1,000 | 1,000 | — | — | 7 | 7 | |||||||||
DAIICHI PHARM CO JPY50 | 1,000 | — | 1,200 | 2,200 | 20 | — | 23 | 43 | |||||||||
DAIKIN INDUSTRIES JPY50 | 1,000 | — | 1,000 | 2,000 | 25 | — | 24 | 49 | |||||||||
DAIMARU INC JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | |||||||||
DAINIPPON INK+CHEM JPY50 | 3,000 | — | 9,000 | 12,000 | 7 | — | 20 | 27 | |||||||||
DAINIPPON PHARM JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | |||||||||
DAINIPPON SCREEN JPY50 | 1,000 | — | 1,000 | 2,000 | 5 | — | 5 | 10 | |||||||||
DAISHI BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | |||||||||
DAITO TRUST CONST JPY50 | 400 | — | 600 | 1,000 | 17 | — | 25 | 42 | |||||||||
DAIWA HOUSE INDS JPY50 | 2,000 | — | 2,000 | 4,000 | 20 | — | 20 | 40 | |||||||||
DAIWA SECURITIES GROUP INC JPY50 | 4,000 | — | 7,000 | 11,000 | 25 | — | 43 | 68 | |||||||||
DENKI KAGAKU KOGYO JPY50 | 2,000 | — | 3,000 | 5,000 | 6 | — | 9 | 15 | |||||||||
DENSO CORP JPY50 | 2,300 | — | 2,300 | 4,600 | 55 | — | 55 | 110 | |||||||||
DENTSU INC NPV | 6 | — | 7 | 13 | 16 | — | 19 | 35 | |||||||||
DON QUIJOTE NPV | — | — | 100 | 100 | — | — | 6 | 6 | |||||||||
DOWA MINING CO JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 6 | 12 | |||||||||
EAST JAPAN RAILWAY JPY50000 | 15 | — | 16 | 31 | 79 | — | 84 | 163 | |||||||||
EBARA CORP JPY50 | 2,000 | — | 1,000 | 3,000 | 9 | — | 5 | 14 | |||||||||
EISAI CO JPY50 | 1,000 | — | 1,200 | 2,200 | 29 | — | 35 | 64 | |||||||||
FAMILYMART CO JPY50 | 200 | — | 400 | 600 | 5 | — | 11 | 16 | |||||||||
FANUC JPY50 | 600 | — | 900 | 1,500 | 36 | — | 54 | 90 | |||||||||
FAST RETAILING CO JPY50 | 200 | — | 300 | 500 | 13 | — | 19 | 32 | |||||||||
FUJI ELECTRIC HLDG NPV | 1,000 | — | 5,000 | 6,000 | 2 | — | 13 | 15 | |||||||||
FUJI HEAVY INDS JPY50 | — | — | 4,000 | 4,000 | — | — | 19 | 19 | |||||||||
FUJI PHOTO FILM CO JPY50 | 2,000 | — | 2,000 | 4,000 | 68 | — | 68 | 136 |
Page B-92
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
FUJI SOFT ABC INC JPY50 | 200 | — | 200 | 400 | 6 | — | 6 | 12 | ||||||||
FUJI TELEVISION NETWORK INC JPY5000 | 3 | — | 2 | 5 | 7 | — | 5 | 12 | ||||||||
FUJIKURA JPY50 | 2,000 | — | 2,000 | 4,000 | 9 | — | 9 | 18 | ||||||||
FUJISAWA PHARM CO JPY50 | 1,000 | — | 1,000 | 2,000 | 26 | — | 26 | 52 | ||||||||
FUJITSU JPY50 | 7,000 | — | 8,000 | 15,000 | 42 | — | 48 | 90 | ||||||||
FUKUOKA BANK OF JPY50 | 2,000 | — | 2,000 | 4,000 | 11 | — | 11 | 22 | ||||||||
FUKUYAMA TRANSPORT JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | ||||||||
FUNAI ELECTRIC CO JPY50 | — | — | 100 | 100 | — | — | 13 | 13 | ||||||||
FURUKAWA ELECTRIC JPY50 | 3,000 | — | 2,000 | 5,000 | 13 | — | 8 | 21 | ||||||||
FUTABA CORP JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
GLOBAL MEDIA ONLINE JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
GOODWILL GROUP JPY5000 | — | — | 2 | 2 | — | — | 4 | 4 | ||||||||
GUNMA BANK JPY50 | 2,000 | — | 2,000 | 4,000 | 10 | — | 10 | 20 | ||||||||
GUNZE LIMITED | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
HACHIJUNI BANK JPY50 | — | — | 2,000 | 2,000 | — | — | 12 | 12 | ||||||||
HAMAMATSU PHOTONIC NPV | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
HANKYU CORP JPY50 | — | — | 4,000 | 4,000 | — | — | 14 | 14 | ||||||||
HANKYU DEPT STORES JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
HANSHIN ELEC RLWY JPY50 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | ||||||||
HEIWA CORP NPV | — | — | 700 | 700 | — | — | 11 | 11 | ||||||||
HIGO BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | ||||||||
HIKARI TSUSHIN INC JPY50 | — | — | 100 | 100 | — | — | 6 | 6 | ||||||||
HINO MOTORS JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
HIROSE ELECTRIC JPY50 | 100 | — | 200 | 300 | 10 | — | 20 | 30 | ||||||||
HIROSHIMA BANK JPY50 | — | — | 2,000 | 2,000 | — | — | 9 | 9 | ||||||||
HITACHI CABLE JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | ||||||||
HITACHI CAP CORP JPY50 | 400 | — | 100 | 500 | 7 | — | 2 | 9 | ||||||||
HITACHI CHEMICAL JPY50 | 500 | — | 300 | 800 | 8 | — | 5 | 13 |
Page B-93
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
HITACHI CONST MACH JPY50 | — | — | 400 | 400 | — | — | 5 | 5 | ||||||||
HITACHI JPY50 | 14,000 | — | 13,000 | 27,000 | 88 | — | 82 | 170 | ||||||||
HOKKAIDO ELEC PWR JPY500 | 700 | — | 800 | 1,500 | 13 | — | 15 | 28 | ||||||||
HOKKOKU BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | ||||||||
HOKUHOKU FINANCIAL GROUP INC NPV | 4,000 | — | 15,000 | 19,000 | 9 | — | 34 | 43 | ||||||||
HOKURIKU ELEC PWR JPY500 | — | — | 800 | 800 | — | — | 14 | 14 | ||||||||
HONDA MOTOR CO JPY50 | 3,400 | — | 3,700 | 7,100 | 165 | — | 179 | 344 | ||||||||
HOUSE FOOD INDL | 400 | — | — | 400 | 5 | — | — | 5 | ||||||||
HOYA CORP JPY50 | 400 | — | 400 | 800 | 41 | — | 41 | 82 | ||||||||
HYAKUGO BANK(105TH JPY50 | — | — | 2,000 | 2,000 | — | — | 11 | 11 | ||||||||
HYAKUJUSHI BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | ||||||||
IBIDEN CO JPY50 | — | — | 500 | 500 | — | — | 8 | 8 | ||||||||
INVOICE INC NPV | — | — | 19 | 19 | — | — | 3 | 3 | ||||||||
INVOICE INC WTS EXP 30SEP05 | — | — | 19 | 19 | — | — | — | — | ||||||||
ISETAN CO JPY50 | 900 | — | 700 | 1,600 | 9 | — | 7 | 16 | ||||||||
ISHIKAWAJIMA HAR JPY50 | 7,000 | — | 6,000 | 13,000 | 9 | — | 8 | 17 | ||||||||
ISUZU MOTORS JPY50 | — | — | 4,000 | 4,000 | — | — | 11 | 11 | ||||||||
ITO EN JPY50 | 200 | — | 100 | 300 | 9 | — | 5 | 14 | ||||||||
ITO YOKADO CO JPY50 | 1,000 | — | 2,000 | 3,000 | 36 | — | 72 | 108 | ||||||||
ITOCHU CORP JPY50 | 6,000 | — | 6,000 | 12,000 | 26 | — | 26 | 52 | ||||||||
ITOCHU TECHNO SCIE JPY50 | 200 | — | 100 | 300 | 8 | — | 4 | 12 | ||||||||
IYO BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 7 | 7 | ||||||||
IZUMI CO JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
JAFCO JPY50 | 100 | — | 200 | 300 | 5 | — | 10 | 15 | ||||||||
JAPAN AIRLINES CORP NPV | 2,000 | — | 4,000 | 6,000 | 5 | — | 11 | 16 | ||||||||
JAPAN PETROLEUM EX NPV | — | — | 100 | 100 | — | — | 4 | 4 | ||||||||
JAPAN REAL ESTATE INVEST | 1 | — | — | 1 | 8 | — | — | 8 | ||||||||
JAPAN RETAIL FUND | 1 | — | — | 1 | 8 | — | — | 8 |
Page B-94
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
JAPAN TOBACCO INC JPY50000 | 3 | — | 5 | 8 | 26 | — | 44 | 70 | ||||||||
JFE HOLDING INC NPV | 2,275 | — | 2,200 | 4,475 | 61 | — | 59 | 120 | ||||||||
JGC CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 11 | — | 11 | 22 | ||||||||
JOYO BANK JPY50 | 2,000 | — | 3,000 | 5,000 | 9 | — | 13 | 22 | ||||||||
JS GROUP CORP NPV | 1,000 | — | 1,000 | 2,000 | 18 | — | 18 | 36 | ||||||||
JSAT CORP JPY50000 JPY50 | — | — | 1 | 1 | — | — | 3 | 3 | ||||||||
JSR CORP JPY50 | 500 | — | 1,000 | 1,500 | 9 | — | 18 | 27 | ||||||||
JUROKU BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | ||||||||
KAGOSHIMA BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | ||||||||
KAJIMA CORP JPY50 | 3,000 | — | 11,000 | 14,000 | 11 | — | 42 | 53 | ||||||||
KAMIGUMI CO JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
KANEKA CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 10 | 20 | ||||||||
KANSAI ELEC POWER JPY500 | 3,100 | — | 3,800 | 6,900 | 58 | — | 71 | 129 | ||||||||
KANSAI PAINT CO JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 6 | 12 | ||||||||
KAO CORP JPY50 | 2,000 | — | 3,000 | 5,000 | 46 | — | 69 | 115 | ||||||||
KATOKICHI CO JPY50 | 300 | — | 100 | 400 | 6 | — | 2 | 8 | ||||||||
KAWASAKI HEAVY IND JPY50 | 8,000 | — | 6,000 | 14,000 | 13 | — | 10 | 23 | ||||||||
KAWASAKI KISEN JPY50 | 3,000 | — | 5,000 | 8,000 | 20 | — | 33 | 53 | ||||||||
KDDI CORP JPY5000 | — | — | 17 | 17 | — | — | 82 | 82 | ||||||||
KEIHIN ELEC EXP RL JPY50 | 2,000 | — | 2,000 | 4,000 | 12 | — | 12 | 24 | ||||||||
KEIO DENTETSU RY JPY50 | 2,000 | — | 2,000 | 4,000 | 11 | — | 11 | 22 | ||||||||
KEYENCE CORP JPY50 | 100 | — | 200 | 300 | 23 | — | 45 | 68 | ||||||||
KIKKOMAN CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 9 | — | 9 | 18 | ||||||||
KINDEN CORPORATION JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
KINTETSU CORP JPY50 | 7,000 | — | 7,000 | 14,000 | 22 | — | 22 | 44 | ||||||||
KIRIN BEVERAGE JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
KIRIN BREWERY CO JPY50 | 3,000 | — | 4,000 | 7,000 | 27 | — | 36 | 63 | ||||||||
KOBE STEEL JPY50 | 9,000 | — | 10,000 | 19,000 | 13 | — | 14 | 27 |
Page B-95
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
KOEI CO JPY50 | — | — | 1,300 | 1,300 | — | — | 30 | 30 | ||||||||
KOKUYO CO JPY50 | 500 | — | 500 | 1,000 | 5 | — | 5 | 10 | ||||||||
KOMATSU JPY50 | 4,000 | — | 5,000 | 9,000 | 27 | — | 33 | 60 | ||||||||
KOMERI CO JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
KONAMI CORP JPY50 | 300 | — | 500 | 800 | 7 | — | 11 | 18 | ||||||||
KONICA MINOLTA HOLDINGS INC JPY50 | 2,000 | — | 2,000 | 4,000 | 27 | — | 27 | 54 | ||||||||
KOSE CORP | — | — | 100 | 100 | — | — | 4 | 4 | ||||||||
KUBOTA CORP JPY50 | 5,000 | — | 3,000 | 8,000 | 23 | — | 14 | 37 | ||||||||
KURARAY CO JPY50 | 2,000 | — | 2,000 | 4,000 | 16 | — | 16 | 32 | ||||||||
KURITA WATER INDS JPY50 | 500 | — | 500 | 1,000 | 7 | — | 7 | 14 | ||||||||
KYOCERA CORP JPY50 | 700 | — | 1,000 | 1,700 | 51 | — | 73 | 124 | ||||||||
KYOWA HAKKO KOGYO JPY50 | 2,000 | — | 2,000 | 4,000 | 14 | — | 14 | 28 | ||||||||
KYUSHU ELEC POWER JPY500 | 1,700 | — | 1,700 | 3,400 | 34 | — | 34 | 68 | ||||||||
LAWSON JPY50 | 300 | — | 400 | 700 | 10 | — | 13 | 23 | ||||||||
LEOPALACE21 JPY50 | 400 | — | 500 | 900 | 7 | — | 9 | 16 | ||||||||
LION CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
MABUCHI MOTOR CO JPY50 | 200 | — | 200 | 400 | 15 | — | 15 | 30 | ||||||||
MAKITA CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 14 | 14 | ||||||||
MARUBENI CORP JPY50 | 6,000 | — | 6,000 | 12,000 | 16 | — | 16 | 32 | ||||||||
MARUI CO JPY50 | 900 | — | 2,000 | 2,900 | 11 | — | 25 | 36 | ||||||||
MARUICHI STL TUBE JPY50 | — | — | 2,000 | 2,000 | — | — | 32 | 32 | ||||||||
MATSUI SECURITIES NPV | — | — | 200 | 200 | — | — | 5 | 5 | ||||||||
MATSUMOTOKIYOSHI JPY50 | 200 | — | 200 | 400 | 5 | — | 5 | 10 | ||||||||
MATSUSHITA ELC IND JPY50 | 9,865 | — | 13,000 | 22,865 | 143 | — | 188 | 331 | ||||||||
MATSUSHITA ELC WKS JPY50 | 1,000 | — | 671 | 1,671 | 8 | — | 6 | 14 | ||||||||
MAZDA MOTOR CORP JPY50 | — | — | 3,000 | 3,000 | — | — | 9 | 9 | ||||||||
MEDICEO HOLDINGS CO LTD NPV | 500 | — | 500 | 1,000 | 5 | — | 5 | 10 | ||||||||
MEIJI DAIRIES CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 6 | 12 |
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TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
MEIJI SEIKA KAISHA JPY50 | 2,000 | — | 1,000 | 3,000 | 8 | — | 4 | 12 | ||||||||
MEITEC CORPORATION JPY50 | 200 | — | 200 | 400 | 8 | — | 8 | 16 | ||||||||
MILLEA HOLDINGS INC NPV | 6 | — | 7 | 13 | 79 | — | 92 | 171 | ||||||||
MINEBEA CO JPY50 | 2,000 | — | 2,000 | 4,000 | 9 | — | 8 | 17 | ||||||||
MISUMI CORP JPY50 | — | — | 100 | 100 | — | — | 3 | 3 | ||||||||
MITSUBISHI CHEMICAL JPY50 | 5,000 | — | 9,000 | 14,000 | 15 | — | 26 | 41 | ||||||||
MITSUBISHI CORP JPY50 | 5,000 | — | 6,000 | 11,000 | 55 | — | 66 | 121 | ||||||||
MITSUBISHI ELEC CP JPY50 | 6,000 | — | 8,000 | 14,000 | 28 | — | 37 | 65 | ||||||||
MITSUBISHI ESTATE JPY50 | 4,000 | — | 5,000 | 9,000 | 42 | — | 53 | 95 | ||||||||
MITSUBISHI GAS CHM JPY50 | 2,000 | — | 1,000 | 3,000 | 9 | — | 4 | 13 | ||||||||
MITSUBISHI HVY IND JPY50 | 12,000 | — | 17,000 | 29,000 | 34 | — | 48 | 82 | ||||||||
MITSUBISHI LOGISTC JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | ||||||||
MITSUBISHI MATERL JPY50 | 5,000 | — | 4,000 | 9,000 | 10 | — | 8 | 18 | ||||||||
MITSUBISHI RAYON JPY50 | 3,000 | — | 2,000 | 5,000 | 10 | — | 6 | 16 | ||||||||
MITSUBISHI UFJ HOLDINGS INC JPY50000 | 20 | — | 17 | 37 | 170 | — | 144 | 314 | ||||||||
MITSUBISHI UFJ SECURITIES CO JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | ||||||||
MITSUI + CO JPY50 | 5,000 | — | 6,000 | 11,000 | 42 | — | 50 | 92 | ||||||||
MITSUI CHEMICALS I JPY50 | 1,000 | — | 3,000 | 4,000 | 5 | — | 15 | 20 | ||||||||
MITSUI ENG+SHIPBG JPY50 | 4,000 | — | 3,000 | 7,000 | 7 | — | 5 | 12 | ||||||||
MITSUI FUDOSAN CO JPY50 | 3,000 | — | 4,000 | 7,000 | 32 | — | 42 | 74 | ||||||||
MITSUI MINING + SM JPY50 | 3,000 | — | 4,000 | 7,000 | 12 | — | 16 | 28 | ||||||||
MITSUI OSK LINES JPY50 | 4,000 | — | 5,000 | 9,000 | 24 | — | 30 | 54 | ||||||||
MITSUI SUMITOMO INSURANCE CO JPY50 | 6,000 | — | 8,000 | 14,000 | 49 | — | 66 | 115 | ||||||||
MITSUI TRUST HLDGS NPV | 2,000 | — | 3,000 | 5,000 | 14 | — | 21 | 35 | ||||||||
MITSUKOSHI LTD NPV | 2,000 | — | 2,000 | 4,000 | 9 | — | 9 | 18 | ||||||||
MITSUMI ELECTRIC JPY50 | 500 | — | 400 | 900 | 6 | — | 5 | 11 | ||||||||
MIZUHO FINL GB NPV | 33 | — | 46 | 79 | 128 | — | 177 | 305 | ||||||||
MIZUHO INVEST SECS JPY50 | — | — | 2,000 | 2,000 | — | — | 4 | 4 |
Page B-97
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
MIZUHO TRUST + BANKING CO. LTDJPY50 | — | — | 14,000 | 14,000 | — | — | 23 | 23 | ||||||||
MURATA MFG CO JPY50 | 1,000 | — | 1,200 | 2,200 | 48 | — | 57 | 105 | ||||||||
MUSASHINO BANK JPY500 | — | — | 100 | 100 | — | — | 4 | 4 | ||||||||
NAGOYA RAILROAD CO JPY50 | — | — | 3,000 | 3,000 | — | — | 10 | 10 | ||||||||
NAMCO JPY50 | 300 | — | 200 | 500 | 3 | — | 2 | 5 | ||||||||
NAMCO LIMITED NPV DFD SETTLEMENT | — | — | 200 | 200 | — | — | 2 | 2 | ||||||||
NEC CORP JPY50 | 6,000 | — | 7,000 | 13,000 | 33 | — | 39 | 72 | ||||||||
NEC ELECTRONICS CP NPV | 200 | — | 100 | 300 | 10 | — | 5 | 15 | ||||||||
NET ONE SYSTEMS CO JPY5000 | 2 | — | 2 | 4 | 8 | — | 8 | 16 | ||||||||
NGK INSULATORS JPY50 | 1,000 | — | 1,000 | 2,000 | 8 | — | 8 | 16 | ||||||||
NGK SPARK PLUG CO JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 10 | 20 | ||||||||
NHK SPRING CO JPY50 | — | — | 1,000 | 1,000 | — | — | 7 | 7 | ||||||||
NICHICON CORP JPY50 | — | — | 200 | 200 | — | — | 2 | 2 | ||||||||
NICHIREI | 2,000 | — | 1,000 | 3,000 | 7 | — | 3 | 10 | ||||||||
NIDEC CORPORATION JPY50 | 200 | — | 100 | 300 | 22 | — | 11 | 33 | ||||||||
NIKKO CORDIAL CORP JPY50 | 6,000 | — | 8,000 | 14,000 | 27 | — | 36 | 63 | ||||||||
NIKON CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 10 | 20 | ||||||||
NINTENDO CO JPY50 | 400 | — | 500 | 900 | 45 | — | 56 | 101 | ||||||||
NIPPON BROADCASTING JPY50 | — | — | 30 | 30 | — | — | 1 | 1 | ||||||||
NIPPON BUILDING FUND INC | 1 | — | — | 1 | 8 | — | — | 8 | ||||||||
NIPPON EXPRESS CO JPY50 | 3,000 | — | 4,000 | 7,000 | 14 | — | 19 | 33 | ||||||||
NIPPON KAYAKU CO LTD | 1,000 | — | — | 1,000 | 5 | — | — | 5 | ||||||||
NIPPON LIGHT METAL JPY50 | 3,000 | — | 2,000 | 5,000 | 7 | — | 5 | 12 | ||||||||
NIPPON MEAT PACKER JPY50 | 1,000 | — | 1,000 | 2,000 | 12 | — | 12 | 24 | ||||||||
NIPPON MINING HLDG NPV | 2,000 | — | 3,500 | 5,500 | 10 | — | 17 | 27 | ||||||||
NIPPON OIL CORP JPY50 | 6,000 | — | 6,000 | 12,000 | 38 | — | 38 | 76 | ||||||||
NIPPON PAINT | — | — | 1,000 | 1,000 | — | — | 4 | 4 | ||||||||
NIPPON PAPER GROUP INC NPV | 4 | — | 4 | 8 | 18 | — | 18 | 36 |
Page B-98
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
NIPPON SHEET GLASS JPY50 | 1,000 | — | 1,000 | 2,000 | 1 | — | 3 | 4 | ||||||||
NIPPON SHOKUBAI CO JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
NIPPON STEEL CORP JPY50 | 23,000 | — | 27,000 | 50,000 | 54 | — | 63 | 117 | ||||||||
NIPPON TEL+TEL CP JPY50000 | 21 | — | 27 | 48 | 89 | — | 115 | 204 | ||||||||
NIPPON TV NETWORK JPY500 | — | — | 10 | 10 | — | — | 1 | 1 | ||||||||
NIPPON YUSEN KK JPY50 | 4,000 | — | 4,000 | 8,000 | 20 | — | 20 | 40 | ||||||||
NIPPON ZEON CO JPY50 | 1,000 | — | 1,000 | 2,000 | 8 | — | 8 | 16 | ||||||||
NIPPONKOA INSURAN JPY50 | — | — | 3,000 | 3,000 | — | — | 17 | 17 | ||||||||
NISHI NIPPON CITY JPY50 | — | — | 3,000 | 3,000 | — | — | 13 | 13 | ||||||||
NISHI NIPPON RLRD JPY50 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | ||||||||
NISHIMATSU CONSTRUCTION | 1,000 | — | — | 1,000 | 1 | — | — | 1 | ||||||||
NISSAN CHEM INDS JPY50 | 1,000 | — | 1,000 | 2,000 | 8 | — | 8 | 16 | ||||||||
NISSAN MOTOR CO JPY50 | 10,700 | — | 11,700 | 22,400 | 121 | — | 132 | 253 | ||||||||
NISSAY DOWA GENERA JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
NISSHIN SEIFUN GRP JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 10 | 20 | ||||||||
NISSHIN STEEL CO JPY50 | 3,000 | — | 5,000 | 8,000 | 7 | — | 11 | 18 | ||||||||
NISSHINBO IND INC JPY50 | 1,000 | — | 1,000 | 2,000 | 7 | — | 7 | 14 | ||||||||
NISSIN FOOD PRODS JPY50 | 500 | — | 400 | 900 | 12 | — | 10 | 22 | ||||||||
NITORI CO JPY50 | 100 | — | 50 | 150 | 5 | — | 3 | 8 | ||||||||
NITTO DENKO CORP JPY50 | 700 | — | 700 | 1,400 | 33 | — | 33 | 66 | ||||||||
NOK CORP JPY50 | 400 | — | 1,000 | 1,400 | 12 | — | 30 | 42 | ||||||||
NOMURA HOLDINGS JPY50 | 8,000 | — | 10,000 | 18,000 | 98 | — | 123 | 221 | ||||||||
NOMURA RESEARCH INC NPV | 100 | — | 200 | 300 | 9 | — | 17 | 26 | ||||||||
NSK JPY50 | 2,000 | — | 2,000 | 4,000 | 9 | — | 9 | 18 | ||||||||
NTN CORP JPY50 | 2,000 | — | 2,000 | 4,000 | 11 | — | 11 | 22 | ||||||||
NTT DATA CORP JPY5000 | 5 | — | 6 | 11 | 14 | — | 16 | 30 | ||||||||
NTT DOCOMO NPV | 87 | — | 104 | 191 | 154 | — | 183 | 337 | ||||||||
OBAYASHI CORP JPY50 | 3,000 | — | 3,000 | 6,000 | 16 | — | 16 | 32 |
Page B-99
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined | |||||||||
ODAKYU ELEC RLWY JPY50 | 3,000 | — | 3,000 | 6,000 | 16 | — | 16 | 32 | ||||||||
OGAKI KYORITSU BK JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
OJI PAPER CO JPY50 | 3,000 | — | 5,000 | 8,000 | 17 | — | 29 | 46 | ||||||||
OKI ELECTRIC IND JPY50 | 3,000 | — | 3,000 | 6,000 | 10 | — | 10 | 20 | ||||||||
OLYMPUS CORP NPV | 1,000 | — | 1,000 | 2,000 | 19 | — | 19 | 38 | ||||||||
OMRON CORP JPY50 | 1,000 | — | 1,000 | 2,000 | 23 | — | 23 | 46 | ||||||||
ONO PHARMACEUTICAL JPY50 | — | — | 300 | 300 | — | — | 14 | 14 | ||||||||
ONWARD KASHIYAMA JPY50 | 1,000 | — | 1,000 | 2,000 | 13 | — | 13 | 26 | ||||||||
ORACLE CORP JAPAN JPY50 | 200 | — | 100 | 300 | 10 | — | 5 | 15 | ||||||||
ORIENT CORP JPY50 | — | — | 2,000 | 2,000 | — | — | 5 | 5 | ||||||||
ORIENTAL LAND CO LTD JPY50 | 200 | — | 300 | 500 | 12 | — | 18 | 30 | ||||||||
ORIX CORP JPY50 | 300 | — | 400 | 700 | 35 | — | 47 | 82 | ||||||||
OSAKA GAS CO JPY50 | 9,000 | — | 9,000 | 18,000 | 26 | — | 26 | 52 | ||||||||
OTSUKA CORPORATION JPY50 | — | — | 100 | 100 | — | — | 5 | 5 | ||||||||
PARK 24 CO JPY50 | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
PARK 24 CO LTD NPV DFD STLMENT (22DEC04) | — | — | 100 | 100 | — | — | 2 | 2 | ||||||||
PASONA INC NPV | — | — | 1 | 1 | — | — | 3 | 3 | ||||||||
PIONEER CORP JPY50 | 500 | — | 700 | 1,200 | 9 | — | 13 | 22 | ||||||||
PROMISE CO JPY50 | 400 | — | 550 | 950 | 25 | — | 35 | 60 | ||||||||
QP CORP JPY50 | 700 | — | 300 | 1,000 | 6 | — | 3 | 9 | ||||||||
RAKUTEN | 2 | — | — | 2 | 15 | — | — | 15 | ||||||||
RESONA HOLDINGS INC NPV | 18,000 | — | 22,000 | 40,000 | 30 | — | 36 | 66 | ||||||||
RICOH CO JPY50 | 3,000 | — | 3,000 | 6,000 | 56 | — | 56 | 112 | ||||||||
RINNAI CORP JPY50 | 200 | — | 100 | 300 | 5 | — | 3 | 8 | ||||||||
ROHM CO JPY50 | 400 | — | 600 | 1,000 | 41 | — | 62 | 103 | ||||||||
RYOHIN KEIKAKU CO JPY50 | 200 | — | 100 | 300 | 9 | — | 4 | 13 | ||||||||
SAGAMI RAILWAY CO JPY50 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | ||||||||
SAN IN GODO BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 7 | 7 |
Page B-100
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Par/Shares | Market Value (000’s) | |||||||||||||||
TDWaterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined ¹ | TD Waterhouse Asian Pacific Index Fund | TD Waterhouse European Index Fund | TRP International Equity Index Fund | Pro Forma Combined |
SANKEN ELECTRIC CO JPY50 | — | — | 1,000 | 1,000 | — | — | 12 | 12 | ||||||||
SANKYO CO JPY50 | 1,600 | — | 1,600 | 3,200 | 33 | — | 33 | 66 | ||||||||
SANKYO CO NPV | 200 | — | 300 | 500 | 8 | — | 12 | 20 | ||||||||
SANKYO SEIKI | — | — | 1,000 | 1,000 | — | — | 10 | 10 | ||||||||
SANTEN PHARM CO JPY50 | — | — | 300 | 300 | — | — | 5 | 5 | ||||||||
SANYO ELECTRIC CO JPY50 | 6,000 | — | 7,000 | 13,000 | 19 | — | 22 | 41 | ||||||||
SANYO SHIPAN | — | — | 100 | 100 | — | — | 6 | 6 | ||||||||
SAPPORO HOKUYO HLD JPY50000 | — | — | 1 | 1 | — | — | 7 | 7 | ||||||||
SAPPORO HOLDINGS NPV | 2,000 | — | 1,000 | 3,000 | 8 | — | 4 | 12 | ||||||||
SECOM CO JPY50 | 1,000 | — | 1,000 | 2,000 | 36 | — | 36 | 72 | ||||||||
SEGA SAMMY HOLDINGS INC ORD SHS | 340 | — | 312 | 652 | 16 | — | 14 | 30 | ||||||||
SEIBU RAILWAY CO JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
SEIKO EPSON CORP NPV | 400 | — | 800 | 1,200 | 17 | — | 33 | 50 | ||||||||
SEINO TRANSPORTN JPY50 | 1,000 | — | 1,000 | 2,000 | 9 | — | 9 | 18 | ||||||||
SEIYU JPY50 | — | — | 1,000 | 1,000 | — | — | 2 | 2 | ||||||||
SEKISUI CHEMICAL JPY50 | 2,000 | — | 2,000 | 4,000 | 13 | — | 13 | 26 | ||||||||
SEKISUI HOUSE JPY50 | 2,000 | — | 3,000 | 5,000 | 21 | — | 31 | 52 | ||||||||
SEVEN ELEVEN JAPAN NPV | 2,000 | — | 2,000 | 4,000 | 58 | — | 58 | 116 | ||||||||
SFCG CO. LTD JPY50 | — | — | 30 | 30 | — | — | 6 | 6 | ||||||||
SHARP CORP JPY50 | 4,000 | — | 4,000 | 8,000 | 55 | — | 55 | 110 | ||||||||
SHIGA BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | ||||||||
SHIKOKU BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | ||||||||
SHIKOKU ELEC POWER JPY500 | — | — | 1,000 | 1,000 | — | — | 18 | 18 | ||||||||
SHIMA SEIKI MFG JPY50 | — | — | 100 | 100 | — | — | 3 | 3 | ||||||||
SHIMACHU CO JPY50 | 200 | — | 100 | 300 | 5 | — | 2 | 7 | ||||||||
SHIMADZU CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | ||||||||
SHIMAMURA CO JPY50 | 100 | — | 100 | 200 | 7 | — | 7 | 14 | ||||||||
SHIMANO INC JPY50 | 500 | — | 1,500 | 2,000 | 12 | — | 37 | 49 |
Page B-101
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
SHIMIZU CORP JPY50 | 3,000 | — | 3,000 | 6,000 | 13 | — | 13 | 26 | |||||||||
SHIN ETSU CHEM CO JPY50 | 1,600 | — | 1,800 | 3,400 | 61 | — | 68 | 129 | |||||||||
SHINKO ELEC INDS JPY50 | — | — | 100 | 100 | — | — | 3 | 3 | |||||||||
SHINKO SECURITIES JPY50 | — | — | 4,000 | 4,000 | — | — | 11 | 11 | |||||||||
SHINSEI BANK NPV | 2,000 | — | 4,000 | 6,000 | 13 | — | 26 | 39 | |||||||||
SHIONOGI + CO JPY50 | 1,000 | — | 1,000 | 2,000 | 16 | — | 16 | 32 | |||||||||
SHISEIDO CO JPY50 | 1,000 | — | 2,000 | 3,000 | 13 | — | 26 | 39 | |||||||||
SHIZUOKA BANK JPY50 | 2,000 | — | 3,000 | 5,000 | 17 | — | 25 | 42 | |||||||||
SHOWA DENKO KK JPY50 | 5,000 | — | 5,000 | 10,000 | 12 | — | 12 | 24 | |||||||||
SHOWA SHELL SEKIYU JPY50 | 500 | — | 600 | 1,100 | 3 | — | 5 | 8 | |||||||||
SKY PERFECT COMMUN JPY50000 | — | — | 2 | 2 | — | — | 2 | 2 | |||||||||
SKYLARK CO JPY50 | 300 | — | 400 | 700 | 5 | — | 7 | 12 | |||||||||
SMBS FRIEND SECS NPV | — | — | 500 | 500 | — | — | 3 | 3 | |||||||||
SMC CORP JPY50 | 200 | — | 300 | 500 | 21 | — | 32 | 53 | |||||||||
SOFTBANK CORPORATION JPY50 | 1,000 | — | 900 | 1,900 | 45 | — | 41 | 86 | |||||||||
SOFTBANK INVESTMENT CORP NPV | — | — | 9 | 9 | — | — | 3 | 3 | |||||||||
SOHGO SECURITY SER NPV | — | — | 2,100 | 2,100 | — | — | 29 | 29 | |||||||||
SOJITZ HOLDINGS CORP | 1,400 | — | — | 1,400 | 6 | — | — | 6 | |||||||||
SOMPO JAPAN INS JPY50 | 3,000 | — | 4,000 | 7,000 | 26 | — | 35 | 61 | |||||||||
SONY CORP JPY50 | 4,000 | — | 4,800 | 8,800 | 140 | — | 167 | 307 | |||||||||
SQUARE ENIX CO LTD NPV | — | — | 100 | 100 | — | — | 3 | 3 | |||||||||
STANLEY ELECTRIC JPY50 | 300 | — | 300 | 600 | 4 | — | 5 | 9 | |||||||||
SUMISHO COMP SYS JPY50 | — | — | 1,100 | 1,100 | — | — | 23 | 23 | |||||||||
SUMISHO LEASE CO JPY50 | — | — | 100 | 100 | — | — | 4 | 4 | |||||||||
SUMITOMO BAKELITE JPY50 | 1,000 | — | 2,000 | 3,000 | 6 | — | 12 | 18 | |||||||||
SUMITOMO CHEMICAL JPY50 | 6,000 | — | 6,000 | 12,000 | 29 | — | 29 | 58 | |||||||||
SUMITOMO CORP JPY50 | 4,000 | — | 5,000 | 9,000 | 30 | — | 37 | 67 | |||||||||
SUMITOMO ELEC INDS JPY50 | 3,000 | — | 3,000 | 6,000 | 28 | — | 28 | 56 |
Page B-102
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
SUMITOMO FORESTRY JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | |||||||||
SUMITOMO HEAVY IND JPY50 | 3,000 | — | 2,000 | 5,000 | 9 | — | 6 | 15 | |||||||||
SUMITOMO METAL IND JPY50 | 11,000 | — | 18,000 | 29,000 | 13 | — | 22 | 35 | |||||||||
SUMITOMO METAL MNG JPY50 | 2,000 | — | 3,000 | 5,000 | 14 | — | 20 | 34 | |||||||||
SUMITOMO MITSUI GR NPV | 18 | — | 23 | 41 | 117 | — | 149 | 266 | |||||||||
SUMITOMO OSAKA CEM JPY50 | 3,000 | — | 3,000 | 6,000 | 7 | — | 7 | 14 | |||||||||
SUMITOMO RLTY+DEV JPY50 | 1,000 | — | 2,000 | 3,000 | 11 | — | 22 | 33 | |||||||||
SUMITOMO RUBBER JPY50 | — | — | 2,000 | 2,000 | — | — | 17 | 17 | |||||||||
SUMITOMO TRUST+BKG JPY50 | 5,000 | — | 6,000 | 11,000 | 29 | — | 35 | 64 | |||||||||
SURUGA BANK JPY50 | 1,000 | — | 1,000 | 2,000 | 8 | — | 8 | 16 | |||||||||
SUZUKEN CO LTD JPY50 | 200 | — | 100 | 300 | 3 | — | 2 | 5 | |||||||||
SUZUKI MOTOR CORP JPY50 | — | — | 2,000 | 2,000 | — | — | 35 | 35 | |||||||||
T+D HOLDINGS INC NPV | 600 | — | 950 | 1,550 | 27 | — | 42 | 69 | |||||||||
TAIHEIYO CEMENT JPY50 | 4,000 | — | 6,000 | 10,000 | 9 | — | 14 | 23 | |||||||||
TAISEI CORP JPY50 | 4,000 | — | 3,000 | 7,000 | 14 | — | 11 | 25 | |||||||||
TAISHO PHARM CO JPY50 | 1,000 | — | 1,000 | 2,000 | 18 | — | 18 | 36 | |||||||||
TAIYO NIPPON SANSO NPV | 1,000 | — | 1,000 | 2,000 | 4 | — | 5 | 9 | |||||||||
TAIYO YUDEN CO JPY50 | — | — | 1,000 | 1,000 | — | — | 10 | 10 | |||||||||
TAKARA HOLDINGS JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 6 | 12 | |||||||||
TAKASHIMAYA CO JPY50 | 1,000 | — | 1,000 | 2,000 | 9 | — | 9 | 18 | |||||||||
TAKEDA PHARMACEUTICAL CO LTD JPY50 | 3,800 | — | 3,500 | 7,300 | 184 | — | 169 | 353 | |||||||||
TAKEFUJI CORP JPY50 | 330 | — | 300 | 630 | 21 | — | 19 | 40 | |||||||||
TANABE SEIYAKU CO JPY50 | — | — | 1,000 | 1,000 | — | — | 9 | 9 | |||||||||
TDK CORP JPY50 | 500 | — | 500 | 1,000 | 35 | — | 35 | 70 | |||||||||
TEIJIN JPY50 | 2,000 | — | 3,000 | 5,000 | 8 | — | 12 | 20 | |||||||||
TEIKOKU OIL CO JPY50 | 1,000 | — | 1,000 | 2,000 | 6 | — | 5 | 11 | |||||||||
TERUMO CORP JPY50 | 500 | — | 700 | 1,200 | 12 | — | 17 | 29 | |||||||||
THK CO JPY50 | 500 | — | 600 | 1,100 | 9 | — | 10 | 19 |
Page B-103
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
TIS INC JPY50 | 200 | — | 200 | 400 | 7 | — | 7 | 14 | |||||||||
TOBU RAILWAY CO JPY50 | 3,000 | — | 3,000 | 6,000 | 11 | — | 11 | 22 | |||||||||
TODA CORPORATION JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | |||||||||
TOHO CO JPY500 | 800 | — | 600 | 1,400 | 11 | — | 9 | 20 | |||||||||
TOHO GAS CO JPY50 | — | — | 2,000 | 2,000 | — | — | 6 | 6 | |||||||||
TOHOKU ELEC POWER JPY500 | 1,500 | — | 1,900 | 3,400 | 26 | — | 32 | 58 | |||||||||
TOKUYAMA CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | |||||||||
TOKYO ELEC POWER JPY500 | 5,000 | — | 5,400 | 10,400 | 114 | — | 122 | 236 | |||||||||
TOKYO ELECTRON JPY50 | 700 | — | 700 | 1,400 | 38 | — | 38 | 76 | |||||||||
TOKYO GAS CO JPY50 | 11,000 | — | 11,000 | 22,000 | 41 | — | 41 | 82 | |||||||||
TOKYO STEEL MFG JPY50 | — | — | 500 | 500 | — | — | 8 | 8 | |||||||||
TOKYO STYLE CO JPY50 | — | — | 1,000 | 1,000 | — | — | 11 | 11 | |||||||||
TOKYO TATEMONO CO JPY50 | — | — | 1,000 | 1,000 | — | — | 6 | 6 | |||||||||
TOKYU CORP JPY50 | 3,000 | — | 4,000 | 7,000 | 14 | — | 18 | 32 | |||||||||
TOKYU LAND CORP JPY50 | 2,000 | — | 1,000 | 3,000 | 6 | — | 3 | 9 | |||||||||
TOMEN CORPORATION JPY50 | — | — | 3,000 | 3,000 | — | — | 4 | 4 | |||||||||
TONEN GEN SEKIYU JPY50 | 1,000 | — | 2,000 | 3,000 | 9 | — | 17 | 26 | |||||||||
TOPPAN FORMS JPY50 | — | — | 100 | 100 | — | — | 1 | 1 | |||||||||
TOPPAN PRINTING CO JPY50 | 2,000 | — | 3,000 | 5,000 | 19 | — | 29 | 48 | |||||||||
TORAY INDS INC JPY50 | 5,000 | — | 5,000 | 10,000 | 23 | — | 23 | 46 | |||||||||
TOSHIBA CORP JPY50 | 12,000 | — | 12,000 | 24,000 | 49 | — | 48 | 97 | |||||||||
TOSOH CORP JPY50 | 3,000 | — | 2,000 | 5,000 | 13 | — | 8 | 21 | |||||||||
TOTO JPY50 | 1,000 | — | 1,000 | 2,000 | 9 | — | 9 | 18 | |||||||||
TOYO SEIKAN KAISHA JPY50 | 1,000 | — | 1,000 | 2,000 | 16 | — | 16 | 32 | |||||||||
TOYOBO CO JPY50 | 3,000 | — | 3,000 | 6,000 | 6 | — | 7 | 13 | |||||||||
TOYODA GOSEI JPY50 | 100 | — | 1,100 | 1,200 | 1 | — | 21 | 22 | |||||||||
TOYOTA INDUSTRIES JPY50 | 600 | — | 600 | 1,200 | 13 | — | 14 | 27 | |||||||||
TOYOTA MOTOR CORP JPY50 | 12,500 | — | 14,200 | 26,700 | 488 | — | 553 | 1,041 |
Page B-104
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
TOYOTA TSUSHO CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 13 | 13 | |||||||||
TREND MICRO INC JPY50 | 500 | — | 500 | 1,000 | 24 | — | 24 | 48 | |||||||||
TV ASAHI CORP NPV | — | — | 1 | 1 | — | — | 2 | 2 | |||||||||
UBE INDUSTRIES JPY50 | 4,000 | — | 3,000 | 7,000 | 6 | — | 4 | 10 | |||||||||
UFJ HLDGS JPY50000 | 15 | — | 20 | 35 | 70 | — | 93 | 163 | |||||||||
UFJ TSUBASA SECS JPY50 | — | — | 2,000 | 2,000 | — | — | 7 | 7 | |||||||||
ULVACINC NPV | — | — | 100 | 100 | — | — | 2 | 2 | |||||||||
UNI CHARM CORP JPY50 | 200 | — | 200 | 400 | 10 | — | 10 | 20 | |||||||||
UNY CO JPY50 | 1,000 | — | 1,000 | 2,000 | 10 | — | 10 | 20 | |||||||||
USHIO INC JPY50 | — | — | 1,000 | 1,000 | — | — | 17 | 17 | |||||||||
USS JPY50 | 100 | — | 120 | 220 | 7 | — | 10 | 17 | |||||||||
WACOAL CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 11 | 11 | |||||||||
WEST JAPAN RAILWAY JPY50000 | 7 | — | 8 | 15 | 28 | — | 32 | 60 | |||||||||
WORLD CO JPY50 | 200 | — | 100 | 300 | 6 | — | 3 | 9 | |||||||||
YAHOO JAPAN CORP JPY50000 | 4 | — | 7 | 11 | 18 | — | 32 | 50 | |||||||||
YAHOO JAPAN CORP NPV DFD SETTLEMENT | — | — | 5 | 5 | — | — | 22 | 22 | |||||||||
YAKULT HONSHA CO JPY50 | 1,000 | — | 1,000 | 2,000 | 16 | — | 16 | 32 | |||||||||
YAMADA DENKI CO JPY50 | 300 | — | 400 | 700 | 10 | — | 14 | 24 | |||||||||
YAMAGUCHI BANK JPY50 | — | — | 1,000 | 1,000 | — | — | 10 | 10 | |||||||||
YAMAHA CORP JPY50 | 600 | — | 700 | 1,300 | 9 | — | 11 | 20 | |||||||||
YAMAHA MOTOR CO JPY50 | 1,000 | — | 1,000 | 2,000 | 14 | — | 15 | 29 | |||||||||
YAMANOUCHI PHARM JPY50 | 1,200 | — | 1,900 | 3,100 | 44 | — | 70 | 114 | |||||||||
YAMATO TRANSPORT JPY50 | 2,000 | — | 2,000 | 4,000 | 27 | — | 27 | 54 | |||||||||
YAMAZAKI BAKING CO JPY50 | 1,000 | — | 2,000 | 3,000 | 8 | — | 18 | 26 | |||||||||
YASKAWA ELEC CORP JPY50 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | |||||||||
YOKOGAWA ELECTRIC JPY50 | 1,000 | — | 1,000 | 2,000 | 12 | — | 13 | 25 | |||||||||
YOKOHAMA RUBBER CO JPY50 | — | — | 1,000 | 1,000 | — | — | 4 | 4 | |||||||||
YOSHINOYA D+C CO JPY5000 | — | — | 1 | 1 | — | — | 2 | 2 | |||||||||
17,432 | |||||||||||||||||
Page B-105
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
LUXEMBOURG | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ARCELOR NPV | — | 998 | 2,501 | 3,499 | — | 19 | 47 | 66 | |||||||||
RTL GROUP NPV | — | — | 161 | 161 | — | — | 11 | 11 | |||||||||
SES GLOBAL FDR EACH REP 1 A NPV | — | — | 893 | 893 | — | — | 9 | 9 | |||||||||
86 | |||||||||||||||||
NETHERLANDS | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ABN AMRO HLDGS NV EUR0.56 | — | 3,100 | 8,641 | 11,741 | — | 74 | 207 | 281 | |||||||||
AEGON NV EUR0.12 | — | 2,203 | 8,021 | 10,224 | — | 24 | 88 | 112 | |||||||||
AHOLD (KON )NV EUR0.25 | — | 3,821 | 8,369 | 12,190 | — | 27 | 58 | 85 | |||||||||
AKZO NOBEL NV EUR2 | — | 339 | 1,508 | 1,847 | — | 13 | 57 | 70 | |||||||||
ASML HOLDING NV EUR0.02 | — | 1,763 | 2,547 | 4,310 | — | 25 | 36 | 61 | |||||||||
CORIO NV EUR10 | — | 121 | 274 | 395 | — | 6 | 14 | 20 | |||||||||
DSM NV EUR3 | — | 101 | 429 | 530 | — | 6 | 23 | 29 | |||||||||
EADS(EURO AERO DEF EUR1 | — | 354 | 1,704 | 2,058 | — | 10 | 49 | 59 | |||||||||
EURONEXT EUR1 | — | 186 | 657 | 843 | — | 5 | 19 | 24 | |||||||||
HEINEKEN HOLDING EUR1.6 A | — | — | 513 | 513 | — | — | 14 | 14 | |||||||||
HEINEKEN NV EUR1.60 | — | 377 | 1,440 | 1,817 | — | 12 | 45 | 57 | |||||||||
IHC CALAND NV NTFL2 | — | 103 | — | 103 | — | 6 | — | 6 | |||||||||
ING GROEP NV CVA EUR0.24 | — | 3,557 | 11,406 | 14,963 | — | 94 | 302 | 396 | |||||||||
JAMES HARDIE INDS NPV (CHESS FOREIGN UNITS) | 2,015 | — | 2,570 | 4,585 | 10 | — | 12 | 22 | |||||||||
KON KPN NV EUR0.24 | — | 3,452 | 13,393 | 16,845 | ��� | 28 | 107 | 135 | |||||||||
NUMICO (KON) NV EUR0.25 | — | 186 | 877 | 1,063 | — | 6 | 30 | 36 | |||||||||
OCE NV | — | 98 | — | 98 | — | 1 | — | 1 |
Page B-106
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
PHILIPS ELEC(KON) EUR0.20 | — | 2,608 | 6,911 | 9,519 | — | 62 | 163 | 225 | |||||||||
QIAGEN NV | — | 353 | — | 353 | — | 4 | — | 4 | |||||||||
RANDSTAD HLDGS NV EUR0.10 | — | — | 470 | 470 | — | — | 16 | 16 | |||||||||
REED ELSEVIER NV EUR0.06 | — | 1,745 | 3,935 | 5,680 | — | 23 | 52 | 75 | |||||||||
RODAMCO EUROPE EUR8 | — | 204 | 396 | 600 | — | 14 | 27 | 41 | |||||||||
ROYAL DUTCH PETROL EUR0.56(BR) | — | 4,332 | 11,075 | 15,407 | — | 236 | 601 | 837 | |||||||||
STMICROELECTRONICS EUR1.04 | — | — | 3,625 | 3,625 | — | — | 67 | 67 | |||||||||
TPG NV EUR0.48 | — | 419 | 2,450 | 2,869 | — | 10 | 59 | 69 | |||||||||
UNILEVER NV CVA NLG1.12 | — | 1,131 | 3,015 | 4,146 | — | 66 | 175 | 241 | |||||||||
VEDIOR CVA | — | 111 | — | 111 | — | 2 | — | 2 | |||||||||
VNU NV EUR0.20 | — | 278 | 1,332 | 1,610 | — | 8 | 36 | 44 | |||||||||
WERELDHAVE NV | — | 61 | — | 61 | — | 5 | — | 5 | |||||||||
WOLTERS KLUWER CVA EUR0.12 | — | 338 | 1,579 | 1,917 | — | 6 | 29 | 35 | |||||||||
3,069 | |||||||||||||||||
NEW ZEALAND | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
AIR NEW ZEALAND NPV | — | — | 395 | 395 | — | — | — | — | |||||||||
AUCKLAND INTL AIRPORT LTD NPV | 1,077 | — | 892 | 1,969 | 5 | — | 4 | 9 | |||||||||
BRISCOE GROUP NPV | — | — | 95 | 95 | — | — | — | — | |||||||||
CARTER HOLT HARVEY NPV | 7,805 | — | 3,779 | 11,584 | 11 | — | 6 | 17 | |||||||||
CONTACT ENERGY NPV | 3,649 | — | 1,048 | 4,697 | 15 | — | 4 | 19 | |||||||||
FISHER + PAYKEL AP NPV | 1,850 | — | 1,226 | 3,076 | 5 | — | 3 | 8 | |||||||||
FISHER + PAYKEL HEALTHCARE CORNPV | 2,940 | — | 985 | 3,925 | 6 | — | 2 | 8 | |||||||||
FLETCHER BUILDING NPV | 1,911 | — | 1,900 | 3,811 | 7 | — | 7 | 14 | |||||||||
INDEPENDENT NEWS NPV | — | — | 3,598 | 3,598 | — | — | 12 | 12 | |||||||||
INFRATIL LTD NPV | — | — | 1,016 | 1,016 | — | — | 2 | 2 | |||||||||
INFRATIL LTD WTS EXP 10JUL09 | — | — | 203 | 203 | — | — | — | — |
Page B-107
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
KIWI INC PROP TST ORD UNITS NPV | — | — | 6,039 | 6,039 | — | — | 5 | 5 | |||||||||
NGC HOLDINGS NPV | — | — | 1,302 | 1,302 | — | — | 3 | 3 | |||||||||
NUFARM NPV(AUST LISTING) | — | — | 890 | 890 | — | — | 5 | 5 | |||||||||
PORT OF TAURANGA NPV | — | — | 94 | 94 | — | — | — | — | |||||||||
PORTS OF AUCKLAND NPV | — | — | 30 | 30 | — | — | — | — | |||||||||
SANFORD NPV | — | — | 733 | 733 | — | — | 2 | 2 | |||||||||
SKY CITY ENTERTAINMENT LTD NPV | 1,706 | — | 2,054 | 3,760 | 5 | — | 6 | 11 | |||||||||
SKY NETWORK TELE L NPV | — | — | 136 | 136 | — | — | 1 | 1 | |||||||||
TELECOM CORP OF NZ NPV (NZ LISTING) | 6,954 | — | 9,865 | 16,819 | 28 | — | 39 | 67 | |||||||||
TOWER LIMITED | — | — | 2,200 | 2,200 | — | — | 4 | 4 | |||||||||
WAREHOUSE GROUP NPV | — | — | 1,391 | 1,391 | — | — | 4 | 4 | |||||||||
WESTPAC TRUST INV NPV | — | — | 165 | 165 | — | — | 2 | 2 | |||||||||
193 | |||||||||||||||||
PREFERRED STOCK | |||||||||||||||||
TENON LIMITED PRF NPV | — | — | 877 | 877 | — | — | 1 | 1 | |||||||||
1 | |||||||||||||||||
NORWAY | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
DNB NOR ASA NOK10 | — | 2,172 | 5,147 | 7,319 | — | 18 | 43 | 61 | |||||||||
NORSK HYDRO AS NOK20 | — | 183 | 1,050 | 1,233 | — | 14 | 77 | 91 | |||||||||
NORSKE SKOGSINDUST ORD A NOK10 | — | 244 | 684 | 928 | — | 4 | 12 | 16 | |||||||||
ORKLA ASA NOK6.25 | — | 256 | 1,095 | 1,351 | — | 7 | 31 | 38 | |||||||||
SCHIBSTED AS | — | 584 | — | 584 | — | 13 | — | 13 | |||||||||
STATOIL ASA NOK2.50 | — | 546 | 2,297 | 2,843 | — | 8 | 33 | 41 | |||||||||
STOREBRAND ASA A NOK5 | — | 190 | 1,817 | 2,007 | — | 1 | 14 | 15 | |||||||||
TANDBERG ASA | — | 153 | — | 153 | — | 1 | — | 1 |
Page B-108
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
TELENOR AS ORD NOK6 | — | 2,290 | 4,601 | 6,891 | — | 18 | 37 | 55 | |||||||||
YARA INTERNATIONAL NOK1.70 | — | 183 | 1,152 | 1,335 | — | 2 | 12 | 14 | |||||||||
347 | |||||||||||||||||
PORTUGAL | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
BANCO BPI SA EUR1 REGD | — | 1,252 | 2,741 | 3,993 | — | 5 | 11 | 16 | |||||||||
BCO COM PORTUGUES EUR1(REGD) | — | 2,393 | 12,766 | 15,159 | — | 6 | 30 | 36 | |||||||||
BCO ESPIR SANTO PTES1000(REGD) | — | 842 | 374 | 1,216 | — | 14 | 6 | 20 | |||||||||
BRISA AUTO ESTRADA EUR1 PRIV | — | 337 | 2,239 | 2,576 | — | 3 | 18 | 21 | |||||||||
CIMPOR CIMENTOS DE EUR1(REGD) | — | 2,790 | 907 | 3,697 | — | 15 | 5 | 20 | |||||||||
EDP ENERGIAS PORTUGAL EUR1 (REGD) | — | 2,244 | 11,555 | 13,799 | — | 7 | 34 | 41 | |||||||||
JERONIMO MARTINS | — | 36 | — | 36 | 5 | — | — | 5 | |||||||||
PORTUGAL TCOM SGPS EUR1(REGD) | — | 1,173 | 6,621 | 7,794 | — | 13 | 75 | 88 | |||||||||
PT MULTIMEDIA SGPS EUR0.5(REGD) | — | — | 255 | 255 | — | — | 6 | 6 | |||||||||
SONAE INVESTIMENTOS | — | 1,246 | — | 1,246 | — | 2 | — | 2 | |||||||||
254 | |||||||||||||||||
SINGAPORE | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ALLGREEN PROPERTIE SGD0.50 | — | — | 1,000 | 1,000 | — | — | 1 | 1 | |||||||||
CAPITACOMMERCIAL NPV (REIT) | — | — | 400 | 400 | — | — | — | — | |||||||||
CAPITALAND SGD1 | 3,000 | — | 4,000 | 7,000 | 3 | — | 4 | 7 | |||||||||
CAPITAMALL TRUST SGD1 UNITS | — | — | 4,000 | 4,000 | — | — | 4 | 4 | |||||||||
CHARTERED SEMI CONDUCTORS SGD0.26 | 22,000 | — | 3,000 | 25,000 | 14 | — | 2 | 16 | |||||||||
CHINA AVIATION OIL (SINGAPORE)SGD0.05 | — | — | 1,400 | 1,400 | — | — | 1 | 1 | |||||||||
CITY DEVELOPMENT WARRANTS | 400 | — | — | 400 | — | — | — | — | |||||||||
CITY DEVELOPMENTS SGD 0.50 | 4,000 | — | 3,000 | 7,000 | 15 | — | 11 | 26 |
Page B-109
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
COMFORTDELGRO CORP SGD0.25 | 8,000 | — | 10,012 | 18,012 | 7 | — | 9 | 16 | |||||||||
CREATIVE TECHNOLOGY ORD SGD0.25 | — | — | 350 | 350 | — | — | 4 | 4 | |||||||||
DATACRAFT ASIA SGD0.10 | — | — | 3,000 | 3,000 | — | — | 2 | 2 | |||||||||
DBS GROUP HLDGS SGD1 | 4,000 | — | 6,000 | 10,000 | 38 | — | 56 | 94 | |||||||||
ELEC + ELTEK INTL SGD0.80 | — | — | 1,400 | 1,400 | — | — | 4 | 4 | |||||||||
FORTUNE R/EST INV NPV (REIT) | — | — | 2,000 | 2,000 | — | — | 2 | 2 | |||||||||
FRASER AND NEAVE LTD SGD1 (POST RECONST) | 1,000 | — | 1,000 | 2,000 | 8 | — | 8 | 16 | |||||||||
HAW PAR CORP LTD SGD1 | 204 | — | 1,103 | 1,307 | — | — | 3 | 3 | |||||||||
HONG LEONG SINGAPORE SGD1 | — | — | 1,000 | 1,000 | — | — | 2 | 2 | |||||||||
JARDINE CYCLE + CARRIAGE LTD SGD1 | — | — | 1,000 | 1,000 | — | — | 5 | 5 | |||||||||
KEPPEL CORP SGD0.50 | 4,000 | — | 4,000 | 8,000 | 20 | — | 19 | 39 | |||||||||
MOBILEONE ORD SGD0.20 | — | — | 5,000 | 5,000 | — | — | 5 | 5 | |||||||||
NATSTEEL LTD SGD0.50 | — | — | 4,000 | 4,000 | — | — | 5 | 5 | |||||||||
NEPTUNE ORIENT LNS SGD1 | — | — | 3,000 | 3,000 | — | — | 5 | 5 | |||||||||
O/SEAS CHINESE BK SGD1 | 4,000 | — | 5,000 | 9,000 | 33 | — | 41 | 74 | |||||||||
PACIFIC CENTURY SDG0.10 | — | — | 3,600 | 3,600 | — | — | 1 | 1 | |||||||||
PARKWAY HLDGS SGD0.50 | — | — | 2,000 | 2,000 | — | — | 2 | 2 | |||||||||
SEMBCORP INDUSTRIE SGD0.25 | 6,000 | — | 3,000 | 9,000 | 6 | — | 3 | 9 | |||||||||
SEMBCORP LOGISTICS SGD0.25 | 1,000 | — | 2,000 | 3,000 | — | — | 3 | 3 | |||||||||
SEMBCORP MARINE SGD0.10 | — | — | 7,000 | 7,000 | — | — | 4 | 4 | |||||||||
SINGAPORE AIRLINES SGD0.50(1000 BOARD LOT) | 2,000 | — | 3,000 | 5,000 | 13 | — | 19 | 32 | |||||||||
SINGAPORE EXCHANGE SGD0.01 | 5,000 | — | 4,000 | 9,000 | 5 | — | 4 | 9 | |||||||||
SINGAPORE LAND SGD1 | — | — | 1,000 | 1,000 | — | — | 3 | 3 | |||||||||
SINGAPORE POST SGD0.05 | 11,000 | — | 6,000 | 17,000 | 6 | — | 3 | 9 | |||||||||
SINGAPORE PRESS HD SGD0.20 | 4,250 | — | 8,500 | 12,750 | 12 | — | 24 | 36 | |||||||||
SINGAPORE TECH ENG SGD0.10 | 5,000 | — | 6,000 | 11,000 | 7 | — | 8 | 15 | |||||||||
SINGAPORE TELECOM SGD0.15 (CHESS UNIT FOR) | — | — | 1,237 | 1,237 | — | — | 2 | 2 | |||||||||
SINGAPORE TELECOMM SGD0.15 | 21,358 | — | 33,642 | 55,000 | 31 | — | 49 | 80 |
Page B-110
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
SMRT CORPORATION ORD SGD0.10 | — | — | 2,000 | 2,000 | — | — | 1 | 1 | |||||||||
STATS CHIPPAC LTD SGD0.25 | 15,000 | — | 4,000 | 19,000 | 9 | — | 2 | 11 | |||||||||
UNITED O/SEAS BANK SGD1 | 5,000 | — | 6,520 | 11,520 | 41 | — | 53 | 94 | |||||||||
UTD INDUSTRIAL CP SGD1 | — | — | 5,000 | 5,000 | — | — | 3 | 3 | |||||||||
UTD O/S LAND | — | — | 2,000 | 2,000 | — | — | 3 | 3 | |||||||||
VENTURE CORP LTD SGD0.25 | 1,000 | — | 1,000 | 2,000 | 9 | — | 10 | 19 | |||||||||
WANT WANT HOLDINGS USD0.10 | — | — | 8,000 | 8,000 | — | — | 8 | 8 | |||||||||
WING TAI HOLDINGS SGD 0.25 | — | — | 1,000 | 1,000 | — | — | 1 | 1 | |||||||||
676 | |||||||||||||||||
SPAIN | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ABERTIS INFRAESTRUCTURAS SA EUR3 | — | 1,119 | 1,951 | 3,070 | — | 21 | 36 | 57 | |||||||||
ABERTIS INFRAESTRUCTURAS SA SHS A | — | — | 85 | 85 | — | — | 2 | 2 | |||||||||
ACCIONA S A UER1 | — | 193 | 136 | 329 | — | 14 | 10 | 24 | |||||||||
ACERINOX S.A. ORD SHS EUR.25 | — | 944 | 1,387 | 2,331 | — | 13 | 19 | 32 | |||||||||
ACS ACTIVIDADES CO EURO.5 | — | 708 | 1,876 | 2,584 | — | 14 | 36 | 50 | |||||||||
AGUAS DE BARCELONA | — | 970 | — | 970 | — | 17 | — | 17 | |||||||||
ALTADIS SA EUR0.6 (REGD) | — | 362 | 1,533 | 1,895 | — | 13 | 56 | 69 | |||||||||
AMADEUS GLOBAL TRAVEL SER A EUR0.01 | — | 1,387 | 1,866 | 3,253 | — | 11 | 15 | 26 | |||||||||
ANTENA 3 TV EUR3 | — | 20 | 104 | 124 | — | 1 | 7 | 8 | |||||||||
BANKINTER SA EUR1.5(REGD) | — | — | 397 | 397 | — | — | 18 | 18 | |||||||||
BBVA (BILB VIZ ARG) EUR0.49 | — | 6,698 | 17,806 | 24,504 | — | 105 | 279 | 384 | |||||||||
BCC DE SABADELL EUR0.5 | — | — | 1,617 | 1,617 | — | — | 35 | 35 | |||||||||
BCO POPULAR ESP EUR0.5 | — | 300 | 1,062 | 1,362 | — | 17 | 60 | 77 | |||||||||
BCO SANT CENT HISP EURO.50(REGD) | — | 8,923 | 24,657 | 33,580 | — | 100 | 275 | 375 | |||||||||
CIA ESP PETROLEOS EUR1 | — | — | 347 | 347 | — | — | 13 | 13 | |||||||||
CORP FINANC ALBA EUR1 | — | — | 159 | 159 | — | — | 5 | 5 |
Page B-111
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
CORP MAPFRE SA EUR0.5 | — | — | 560 | 560 | — | — | 7 | 7 | |||||||||
ENDESA S.A. EUR1.2 | — | 1,981 | 5,572 | 7,553 | — | 40 | 113 | 153 | |||||||||
FOM CONST Y CONTRA EUR1 | — | 337 | 281 | 618 | — | 13 | 11 | 24 | |||||||||
GAMESA CORP TECNO EUR0.17 | — | — | 570 | 570 | — | — | 8 | 8 | |||||||||
GAS NATURAL SDG EUR1 | — | 169 | 1,168 | 1,337 | — | 5 | 32 | 37 | |||||||||
GESTEVIS TELECINO EUR0.5 | — | — | 520 | 520 | — | — | 10 | 10 | |||||||||
GRUPO FERROVIAL SA ORD NPV | — | — | 360 | 360 | — | — | 16 | 16 | |||||||||
IBERDROLA SA EUR3 | — | 1,755 | 4,756 | 6,511 | — | 39 | 104 | 143 | |||||||||
IBERIA | — | 1,446 | — | 1,446 | — | 4 | — | 4 | |||||||||
INDITEX EUR0.15 | — | 960 | 1,280 | 2,240 | — | 24 | 33 | 57 | |||||||||
INDRA SISTEMAS SA | — | 360 | — | 360 | — | 5 | — | 5 | |||||||||
PROMOTORA DE INFOR EUR0.10 | — | 95 | 410 | 505 | — | 2 | 8 | 10 | |||||||||
REPSOL YPF SA EUR1 | — | 1,904 | 6,436 | 8,340 | — | 41 | 139 | 180 | |||||||||
SACYR VALLEHERMOSO SA EUR1 | — | 298 | 703 | 1,001 | — | 5 | 11 | 16 | |||||||||
SOGECABLE ORD SHS EUR2 | — | — | 497 | 497 | — | — | 20 | 20 | |||||||||
TELEFONICA PUBLIC INFO | — | 207 | — | 207 | — | 2 | — | 2 | |||||||||
TELEFONICA SA EUR 1 | — | 9,077 | 26,022 | 35,099 | — | 150 | 429 | 579 | |||||||||
TERRA NETWORKS SA EUR2 | — | — | 1,811 | 1,811 | — | — | 7 | 7 | |||||||||
UNION FENOSA EUR3 | — | 247 | 1,608 | 1,855 | — | 6 | 39 | 45 | |||||||||
ZARDOYA OTIS EUR0.1 | — | — | 460 | 460 | — | — | 10 | 10 | |||||||||
2,526 | |||||||||||||||||
SWEDEN | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
AINAX AB SEK10 | — | 84 | 122 | 206 | — | 1 | 4 | 5 | |||||||||
ASSA ABLOY SEK1 SER B | — | 367 | 1,788 | 2,155 | — | 5 | 24 | 29 | |||||||||
ATLAS COPCO AB SER A SEK5.0 | — | 140 | 671 | 811 | — | 6 | 28 | 34 | |||||||||
ATLAS COPCO AB SER B SEK5 | — | 151 | 244 | 395 | — | 6 | 9 | 15 |
Page B-112
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
AXFOOD AB | — | 30 | — | 30 | — | 1 | — | 1 | |||||||||
CASTELLUM AB | — | 51 | — | 51 | — | 1 | — | 1 | |||||||||
ELECTROLUX AB SERVB SEK5 | — | 369 | 1,493 | 1,862 | — | 7 | 28 | 35 | |||||||||
ENIRO AB | — | 568 | — | 568 | — | 5 | — | 5 | |||||||||
ERICSSON (LM) TEL SEK1 SER B | — | 29,820 | 81,005 | 110,825 | — | 87 | 235 | 322 | |||||||||
FABEGE AB | — | 269 | — | 269 | — | 4 | — | 4 | |||||||||
FORENINGSSPARBK SEK20 SER A | — | — | 2,088 | 2,088 | — | — | 44 | 44 | |||||||||
GAMBRO SER A SEK2 | — | 585 | 1,314 | 1,899 | — | 7 | 15 | 22 | |||||||||
GAMBRO SER B SEK2 | — | — | 455 | 455 | — | — | 5 | 5 | |||||||||
GETINGE AB | — | 445 | — | 445 | — | 5 | — | 5 | |||||||||
HENNES + MAURITZ SEK0.25 SER B | — | 992 | 1,539 | 2,531 | — | 29 | 45 | 74 | |||||||||
HOLMEN AB SEK50 SER B | — | 144 | 302 | 446 | — | 4 | 9 | 13 | |||||||||
INDUSTRIVARDEN AB SER A SEK5 | — | — | 834 | 834 | — | — | 18 | 18 | |||||||||
INDUSTRIVARDEN AB SER C SEK5 | — | — | 174 | 174 | — | — | 3 | 3 | |||||||||
INVESTOR AB SEK6.25 B | — | — | 3,103 | 3,103 | — | — | 34 | 34 | |||||||||
INVESTOR AB SER 6.25 A | — | — | 915 | 915 | — | — | 10 | 10 | |||||||||
NORDEA BANK AB ORD EUR0.39632 | — | 5,227 | 15,369 | 20,596 | — | 45 | 133 | 178 | |||||||||
OMHEX AB | — | 972 | — | 972 | — | 12 | — | 12 | |||||||||
SANDVIK AB SEK6 | — | 274 | 1,388 | 1,662 | — | 10 | 52 | 62 | |||||||||
SAS AB | — | 92 | — | 92 | — | 1 | — | 1 | |||||||||
SCANIA AB SEK10 SER B | — | — | 527 | 527 | — | — | 19 | 19 | |||||||||
SECURITAS SER B SEK1 | — | 369 | 1,787 | 2,156 | — | 5 | 24 | 29 | |||||||||
SKAND ENSKILDA BKN SER A SEK10 | — | 1,673 | 3,556 | 5,229 | — | 28 | 59 | 87 | |||||||||
SKANDIA FORSAKRING SEK1 | — | 824 | 5,377 | 6,201 | — | 3 | 20 | 23 | |||||||||
SKANSKA AB SER B SEK3 | — | 477 | 2,045 | 2,522 | — | 5 | 22 | 27 | |||||||||
SKF AB SER A SEK12.50 FREE | — | — | 101 | 101 | — | — | 4 | 4 | |||||||||
SKF AB SER B SEK 12.50 | — | 166 | 496 | 662 | — | 6 | 19 | 25 | |||||||||
SSAB(SVENSKT STAL) SEK25 SER A | — | — | 292 | 292 | — | — | 6 | 6 |
Page B-113
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
SSAB(SVENSKT STAL) SEK25 SER B | — | 282 | 203 | 485 | — | 5 | 4 | 9 | |||||||||
SVENSKA CELLULOSA SER B SEK10 FREE | — | 237 | 1,027 | 1,264 | — | 9 | 38 | 47 | |||||||||
SVENSKA HANDELSBANKEN SERIES APV SEK4.15 | — | 1,189 | 3,427 | 4,616 | — | 26 | 74 | 100 | |||||||||
SWEDISH MATCH SEK2.4 | — | 601 | 1,791 | 2,392 | — | 7 | 20 | 27 | |||||||||
TELE2 AB SEK5 SER B | — | 117 | 710 | 827 | — | 4 | 24 | 28 | |||||||||
TELIASONERA AB SEK3.2 | — | 4,040 | 6,066 | 10,106 | — | 22 | 32 | 54 | |||||||||
TELIASONERA AB SEK3.2 | — | — | 1,303 | 1,303 | — | — | 7 | 7 | |||||||||
TRELLEBORG AB B SHARES | — | 266 | — | 266 | — | 4 | — | 4 | |||||||||
VOLVO AB SEK6 SER A | — | 416 | 645 | 1,061 | — | 15 | 24 | 39 | |||||||||
VOLVO(AB) SEK6 SER B | — | 283 | 1,676 | 1,959 | — | 11 | 63 | 74 | |||||||||
1,541 | |||||||||||||||||
SWITZERLAND | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ABB LTD CHF2.50(REGD) | — | 2,827 | 10,745 | 13,572 | — | 16 | 62 | 78 | |||||||||
ADECCO SA CHF1(REGD) | — | 506 | 731 | 1,237 | — | 24 | 35 | 59 | |||||||||
BALOISE HLDGS CHF0.1 REGD | — | — | 291 | 291 | — | — | 12 | 12 | |||||||||
CIBA SPECIALTY CHE CHF6 (REGD) | — | 82 | 380 | 462 | — | 6 | 26 | 32 | |||||||||
CLARIANT CHF5(REGD) | — | 1,322 | 1,209 | 2,531 | — | 18 | 16 | 34 | |||||||||
CONVERIUM HLDGS CHF5 | — | — | 751 | 751 | — | — | 6 | 6 | |||||||||
CREDIT SUISSE GRP CHF3 (REGD) | — | 2,249 | 6,154 | 8,403 | — | 77 | 210 | 287 | |||||||||
GEBERIT, REGISTERED | — | 10 | — | 10 | — | 7 | — | 7 | |||||||||
GIVAUDAN AG CHF10 | — | 25 | 44 | 69 | — | 16 | 27 | 43 | |||||||||
HOLCIM CHF2(REGD) | — | 382 | 909 | 1,291 | — | 20 | 49 | 69 | |||||||||
JULIUS BAER HLDG CHF0.5 | — | — | 41 | 41 | — | — | 11 | 11 | |||||||||
KUDELSKI SA—BEARER | — | 41 | — | 41 | — | 1 | — | 1 | |||||||||
KUEHNE + NAGEL AG CHF5(REGD) | — | — | 34 | 34 | — | — | 6 | 6 | |||||||||
LOGITECH INTERNATIONAL | — | 54 | — | 54 | — | 3 | — | 3 |
Page B-114
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
LONZA GROUP AG CHF1 REGD | — | 99 | 250 | 349 | — | 5 | 12 | 17 | |||||||||
NESTLE SA CHF1 (REGD) | — | 821 | 2,078 | 2,899 | — | 195 | 491 | 686 | |||||||||
NOBEL BIOCARE AG CHF2.00 (BR) | — | — | 133 | 133 | — | — | 22 | 22 | |||||||||
NOVARTIS AG CHF0.50 REGD | — | 4,951 | 14,883 | 19,834 | — | 237 | 709 | 946 | |||||||||
PARGESA HLDGS SA CHF1000 (BR) | — | — | 11 | 11 | — | — | 35 | 35 | |||||||||
RICHEMONT (CIE FIN) A CHF1 (BR) EQUITY UNIT | — | 1,251 | 2,747 | 3,998 | — | 36 | 78 | 114 | |||||||||
ROCHE HLDGS AG CHF1 | — | 134 | 115 | 249 | — | 16 | 14 | 30 | |||||||||
ROCHE HOLDINGS AG GENUSSCHEINE NPV | — | 1,296 | 3,668 | 4,964 | — | 133 | 375 | 508 | |||||||||
SCHINDLER HLDG AG CHF1.00 REGD POST SUBD | — | 18 | 16 | 34 | — | 6 | 6 | 12 | |||||||||
SERONO SA B CHF25 BR | — | 26 | 30 | 56 | — | 16 | 19 | 35 | |||||||||
SGS SA CHF20(REGD) | — | 21 | 31 | 52 | — | 13 | 20 | 33 | |||||||||
STRAUMANN HLDG CHF0.10(REGD) | — | — | 36 | 36 | — | — | 7 | 7 | |||||||||
SULZER AG | — | 42 | — | 42 | — | 14 | — | 14 | |||||||||
SWATCH GROUP CHF 0.45 (REGD) | — | 496 | 455 | 951 | — | 14 | 13 | 27 | |||||||||
SWATCH GROUP CHF2.25(BR) | — | 38 | 194 | 232 | — | 5 | 26 | 31 | |||||||||
SWISS LIFE HOLDING CHF50 | — | — | 141 | 141 | — | — | 18 | 18 | |||||||||
SWISS REINSURANCE CHF0.1 | — | 561 | 1,692 | 2,253 | — | 35 | 104 | 139 | |||||||||
SWISSCOM AG CHF1 (REGD) | — | 56 | 136 | 192 | — | 20 | 49 | 69 | |||||||||
SYNGENTA AG CHF8.30(REGD) | — | 133 | 578 | 711 | — | 13 | 55 | 68 | |||||||||
UBS AG CHF.80 (REGD) | — | 2,109 | 6,606 | 8,715 | — | 152 | 476 | 628 | |||||||||
UNAXIS HOLDING AG CH | — | 12 | — | 12 | — | 1 | — | 1 | |||||||||
ZURICH FIN SVS GRP CHF6.50 | — | 256 | 755 | 1,011 | — | 37 | 107 | 144 | |||||||||
4,232 | |||||||||||||||||
PREFERRED STOCK | |||||||||||||||||
SCHINDLER HLDG AG CHF1.00 PTG CERTS | — | — | 20 | 20 | — | — | 6 | 6 | |||||||||
6 | |||||||||||||||||
Page B-115
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
THAILAND | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
TOTAL ACCESS COMMU THB10(SING QUOTE) | — | — | 400 | 400 | — | — | 1 | 1 | |||||||||
1 | |||||||||||||||||
UNITED KINGDOM | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
3I GROUP ORD GBP0.50 | — | 741 | 3,226 | 3,967 | — | 8 | 34 | 42 | |||||||||
ABBEY NATIONAL ORD GBP0.10 | — | — | 7,787 | 7,787 | — | — | 90 | 90 | |||||||||
AEGIS GROUP ORD GBP0.05 | — | 2,466 | 6,766 | 9,232 | — | 5 | 13 | 18 | |||||||||
ALLIANCE AND LEI PLC ORD GBP0.50 | — | — | 2,412 | 2,412 | — | — | 38 | 38 | |||||||||
ALLIANCE TRUST ORD GBP0.25 | — | — | 186 | 186 | — | — | 9 | 9 | |||||||||
ALLIANCE UNICHEM ORD GBP0.10 | — | 1,206 | 1,408 | 2,614 | — | 15 | 17 | 32 | |||||||||
ALLIED DOMECQ ORD GBP0.25 | — | — | 5,830 | 5,830 | — | — | 52 | 52 | |||||||||
AMEC PLC | — | 938 | — | 938 | — | 5 | — | 5 | |||||||||
AMVESCAP ORD GBP0.25 | — | 842 | 4,254 | 5,096 | — | 5 | 23 | 28 | |||||||||
ANGLO AMERICAN PLC USD0.50 | — | — | 7,614 | 7,614 | — | — | 167 | 167 | |||||||||
ANTOFAGASTA HLDGS ORD GBP0.05 | — | — | 442 | 442 | — | — | 8 | 8 | |||||||||
ARM HOLDINGS PLC | — | 1,271 | — | 1,271 | — | 2 | — | 2 | |||||||||
ASSOC BRIT PORTS ORD GBP0.25 | — | 591 | 1,742 | 2,333 | — | 5 | 15 | 20 | |||||||||
ASSOCIATED BRITISH FOODS PLC ORD GBP | — | — | 2,097 | 2,097 | — | — | 27 | 27 | |||||||||
ASTRAZENECA ORD USD0.25 | — | 3,389 | 8,755 | 12,144 | — | 139 | 359 | 498 | |||||||||
AVIVA PLC ORD GBP0.25 | — | 4,693 | 11,550 | 16,243 | — | 47 | 115 | 162 | |||||||||
AWG ORD GBP0.1990049 | — | — | 776 | 776 | — | — | 10 | 10 | |||||||||
BAA ORD GBP 1 | — | 2,227 | 5,593 | 7,820 | — | 23 | 59 | 82 | |||||||||
BAE SYSTEMS ORD GBP0.025 | — | 7,864 | 16,008 | 23,872 | — | 34 | 70 | 104 | |||||||||
BARCLAYS ORD GBP0.25 | — | 12,583 | 34,074 | 46,657 | — | 123 | 333 | 456 | |||||||||
BARRATT DEVELOPMENT PLC | — | 476 | — | 476 | — | 4 | — | 4 |
Page B-116
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
BBA GROUP ORD GBP0.25 | — | 973 | 2,423 | 3,396 | — | 5 | 12 | 17 | |||||||||
BERKELEY GROUP HOLDINGS | — | 284 | — | 284 | — | 6 | — | 6 | |||||||||
BG GROUP ORD GBP0.10 | — | 7,346 | 18,001 | 25,347 | — | 48 | 117 | 165 | |||||||||
BHP BILLITON PLC ORD USD0.5 | — | 5,132 | 12,997 | 18,129 | — | 52 | 132 | 184 | |||||||||
BICC PLC | — | 1,042 | — | 1,042 | — | 5 | — | 5 | |||||||||
BOC GROUP ORD GBP0.25 | — | 620 | 2,619 | 3,239 | — | 10 | 42 | 52 | |||||||||
BOOTS GROUP ORD GBP0.25 | — | 1,030 | 4,018 | 5,048 | — | 12 | 49 | 61 | |||||||||
BP PLC ORD USDO.25 | — | 45,396 | 114,587 | 159,983 | — | 440 | 1,109 | 1,549 | |||||||||
BPB ORD GBP0.50 | — | 887 | 2,610 | 3,497 | — | 7 | 20 | 27 | |||||||||
BRADFORD + BINGLEY ORD GBP0.25 | — | — | 3,409 | 3,409 | — | — | 17 | 17 | |||||||||
BRAMBLES INDUSTRIE ORD GBP0.05 | — | 908 | 3,817 | 4,725 | — | 4 | 18 | 22 | |||||||||
BRIT AMER TOBACCO ORD GBP0.25 | — | 3,187 | 8,547 | 11,734 | — | 48 | 129 | 177 | |||||||||
BRITISH AIRWAYS ORD GBP0.25 | — | — | 2,898 | 2,898 | — | — | 11 | 11 | |||||||||
BRITISH LAND CO ORD GBP0.25 | — | 617 | 2,592 | 3,209 | — | 8 | 35 | 43 | |||||||||
BRITISH SKY BROADCAST ORD GBP0.50 | — | 2,919 | 7,651 | 10,570 | — | 27 | 71 | 98 | |||||||||
BT GROUP ORD GBP0.05 | — | 18,674 | 45,155 | 63,829 | — | 64 | 154 | 218 | |||||||||
BUNZL ORD GBP0.25 | — | 582 | 2,398 | 2,980 | — | 4 | 18 | 22 | |||||||||
BURBERRY GROUP ORD GBP.0005 | — | — | 810 | 810 | — | — | 6 | 6 | |||||||||
CABLE + WIRELESS ORD GBP0.25 | — | 2,734 | 12,528 | 15,262 | — | 5 | 24 | 29 | |||||||||
CADBURY SCHWEPPES ORD GBP0.125 | — | 4,414 | 10,851 | 15,265 | — | 37 | 90 | 127 | |||||||||
CAIRN ENERGY PLC ORD GBP0.10 | — | — | 841 | 841 | — | — | 23 | 23 | |||||||||
CAPITA GROUP ORD GBP0.02 | — | 592 | 3,510 | 4,102 | — | 4 | 23 | 27 | |||||||||
CARNIVAL PLC ORD USD1.66 | — | 208 | 1,108 | 1,316 | — | 11 | 59 | 70 | |||||||||
CATTLES PLC | — | 767 | — | 767 | — | 5 | — | 5 | |||||||||
CENTRICA ORD GBP0.0617284 | — | 8,280 | 20,303 | 28,583 | — | 37 | 90 | 127 | |||||||||
CENTRO PROPS GROUP NPV | — | — | 3,690 | 3,690 | — | — | 13 | 13 | |||||||||
CLOSE BROTHERS GROUP PLC | — | 302 | — | 302 | — | 4 | — | 4 | |||||||||
COBHAM PLC ORD GBP0.25 | — | 217 | 586 | 803 | — | 6 | 15 | 21 |
Page B-117
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
COMPASS GROUP ORD GBP0.10 | — | 5,227 | 11,334 | 16,561 | — | 22 | 47 | 69 | |||||||||
CORUS GROUP ORD GBP0.10 | — | 6,800 | 23,353 | 30,153 | — | 6 | 21 | 27 | |||||||||
DAILY MAIL + GEN TST A NON VTG GBP0.125 | — | 380 | 1,511 | 1,891 | — | 5 | 20 | 25 | |||||||||
DAVIS SERVICE GROUP PLC | — | 673 | — | 673 | — | 4 | — | 4 | |||||||||
DE LA RUE | — | 2,236 | — | 2,236 | — | 13 | — | 13 | |||||||||
DIAGEO ORD GBX28.935185 | — | 5,930 | 15,732 | 21,662 | — | 79 | 210 | 289 | |||||||||
DIXONS GROUP ORD GBP0.025 | — | 2,426 | 10,223 | 12,649 | — | 8 | 32 | 40 | |||||||||
ELECTROCOMPONENTS ORD GBP0.10 | — | 783 | 2,335 | 3,118 | — | 4 | 12 | 16 | |||||||||
EMAP ORD GBP0.25 | — | 319 | 1,352 | 1,671 | — | 5 | 20 | 25 | |||||||||
EMI GROUP ORD GBP0.14 | — | 1,419 | 4,207 | 5,626 | — | 6 | 16 | 22 | |||||||||
ENTERPRISE INNS ORD GBP0.05 | — | 611 | 1,844 | 2,455 | — | 7 | 21 | 28 | |||||||||
EXEL ORD GBX27.777777 | — | 371 | 1,690 | 2,061 | — | 5 | 22 | 27 | |||||||||
Firstgroup Plc | — | 1,032 | — | 1,032 | — | 5 | — | 5 | |||||||||
FOR+COL INV TST ORD GBP0.25 | — | — | 5,403 | 5,403 | — | — | 18 | 18 | |||||||||
FRIENDS PROVIDENT ORD GBP0.10 | — | 2,039 | 10,301 | 12,340 | — | 5 | 26 | 31 | |||||||||
GALLAHER GROUP ORD GBP0.10 | — | — | 3,435 | 3,435 | — | — | 43 | 43 | |||||||||
GKN ORD GBP0.50 | — | 908 | 3,961 | 4,869 | — | 4 | 16 | 20 | |||||||||
GLAXOSMITHKLINE ORD GBP0.25 | — | 12,291 | 31,027 | 43,318 | — | 259 | 653 | 912 | |||||||||
GREAT PORTLAND ESTATES | — | 162 | — | 162 | — | 1 | — | 1 | |||||||||
GROUP 4 SECURICOR ORD GBP0.25 | — | — | 7,533 | 7,533 | — | — | 16 | 16 | |||||||||
GUS PLC ORD GBP0.25 | — | 2,305 | 5,297 | 7,602 | — | 38 | 87 | 125 | |||||||||
HAMMERSON PLC ORD GBP0.25 | — | 497 | 1,534 | 2,031 | — | 7 | 21 | 28 | |||||||||
HANSON ORD GBP0.10 | — | 919 | 3,876 | 4,795 | — | 7 | 29 | 36 | |||||||||
HAYS ORD GBP0.01 | — | 2,078 | 9,577 | 11,655 | — | 5 | 23 | 28 | |||||||||
HBOS ORD GBP0.25 | — | 7,459 | 20,474 | 27,933 | — | 100 | 274 | 374 | |||||||||
HHG ORD GBP0.10 | — | — | 14,619 | 14,619 | — | — | 12 | 12 | |||||||||
HILL (WILLIAM) ORD GBP0.10 | — | 759 | 2,144 | 2,903 | — | 7 | 19 | 26 | |||||||||
HILTON GROUP ORD GBP0.10 | — | 4,976 | 8,305 | 13,281 | — | 24 | 39 | 63 |
Page B-118
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
HSBC HLDGS ORD USD0.50(UK REG) | — | 22,909 | 58,634 | 81,543 | — | 370 | 946 | 1,316 | |||||||||
ICAP ORD GBP0.10 | — | — | 2,429 | 2,429 | — | — | 10 | 10 | |||||||||
IMI | — | 758 | — | 758 | — | 5 | — | 5 | |||||||||
IMPERIAL CHEM INDS ORD GBP1 | — | 1,485 | 6,262 | 7,747 | — | 6 | 24 | 30 | |||||||||
IMPERIAL TOBACCO ORD GBP0.10 | — | 1,609 | 3,844 | 5,453 | — | 38 | 90 | 128 | |||||||||
INTERCONTINENTAL H ORD GBP1 | — | 915 | 3,726 | 4,641 | — | 11 | 46 | 57 | |||||||||
INTERNATIONAL POWER ORD GBP0.50 | — | 4,356 | 7,830 | 12,186 | — | 13 | 23 | 36 | |||||||||
INVENSYS ORD GBP0.01 | — | 4,362 | 33,576 | 37,938 | — | 1 | 9 | 10 | |||||||||
ITV CNV ORD ORD GBP0.10 | — | — | 370 | 370 | — | — | — | — | |||||||||
ITV ORD GBP0.10 | — | 7,766 | 21,450 | 29,216 | — | 15 | 42 | 57 | |||||||||
JARDINE LLOYD THOM ORD GBP0.05 | — | — | 813 | 813 | — | — | 7 | 7 | |||||||||
JOHNSON MATTHEY ORD GBP1.00 | — | 273 | 1,157 | 1,430 | — | 5 | 20 | 25 | |||||||||
JOHNSTON PRESS ORD GBP0.10 | — | — | 1,500 | 1,500 | — | — | 15 | 15 | |||||||||
KELDA GROUP ORD GBX15.55555 | — | 1,551 | 1,996 | 3,547 | — | 16 | 20 | 36 | |||||||||
KESA ELECTRICALS ORD GBP0.25 | — | 651 | 2,920 | 3,571 | — | 3 | 15 | 18 | |||||||||
KIDDE PLC | — | 2,744 | — | 2,744 | — | 8 | — | 8 | |||||||||
KINGFISHER ORD GBP0.157142857 | — | 5,849 | 12,192 | 18,041 | — | 32 | 68 | 100 | |||||||||
LAND SECS GP ORD GBP.10 | — | 969 | 2,448 | 3,417 | — | 21 | 54 | 75 | |||||||||
LEGAL + GENERAL GP ORD GBP0.025 | — | 13,522 | 34,136 | 47,658 | — | 25 | 62 | 87 | |||||||||
LIBERTY INTERNATIONAL ORD GBP0.50 | — | 450 | 1,700 | 2,150 | — | 7 | 27 | 34 | |||||||||
LLOYDS TSB GROUP ORD GBP0.25 | — | 11,634 | 29,324 | 40,958 | — | 92 | 232 | 324 | |||||||||
LOGICA CMG PLC ORD GBP0.10 | — | 934 | 4,189 | 5,123 | — | 3 | 14 | 17 | |||||||||
LONMIN ORD USD1 | — | — | 746 | 746 | — | — | 14 | 14 | |||||||||
MAN GROUP ORD USD0.18 | — | 345 | 1,621 | 1,966 | — | 8 | 39 | 47 | |||||||||
MARKS + SPENCER GP ORD GBP0.25 | — | 5,693 | 10,094 | 15,787 | — | 38 | 66 | 104 | |||||||||
MATALAN ORD GBP0.10 | — | — | 1,523 | 1,523 | — | — | 6 | 6 | |||||||||
MFI FURNITURE PLC | — | 1,817 | — | 1,817 | — | 3 | — | 3 | |||||||||
MISYS ORD GBP0.01 | — | 1,193 | 2,863 | 4,056 | — | 5 | 11 | 16 |
Page B-119
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
MITCHELLS + BUTLER ORD GBP0.070833 | — | 645 | 2,797 | 3,442 | — | 3 | 15 | 18 | |||||||||
MMO2 ORD GBP0.001 | — | — | 45,658 | 45,658 | — | — | 88 | 88 | |||||||||
MORRISON(W)SUPRMKT ORD GBP0.10 | — | — | 13,993 | 13,993 | — | — | 58 | 58 | |||||||||
NATIONAL GRID TRANSCO PLC ORD GBP0.10 | — | 6,401 | 15,876 | 22,277 | — | 56 | 138 | 194 | |||||||||
NEXT GROUP ORD GBP0.10 | — | 351 | 1,392 | 1,743 | — | 11 | 43 | 54 | |||||||||
NORTHERN ROCK ORD GBP0.25 | — | — | 2,219 | 2,219 | — | — | 30 | 30 | |||||||||
OLD MUTUAL GBP0.10 | — | — | 20,203 | 20,203 | — | — | 43 | 43 | |||||||||
P + O DFD ORD GBP1.00 | — | 1,326 | 3,889 | 5,215 | — | 7 | 19 | 26 | |||||||||
PEARSON ORD GBP0.25 | — | 999 | 4,197 | 5,196 | — | 11 | 46 | 57 | |||||||||
PERSIMMON ORD GBP0.10 | — | 1,095 | 1,516 | 2,611 | — | 12 | 17 | 29 | |||||||||
PILKINGTON PLC | — | 2,730 | — | 2,730 | — | 4 | — | 4 | |||||||||
PREMIER FARNELL ORD GBP0.05 | — | — | 1,971 | 1,971 | — | — | 7 | 7 | |||||||||
PROVIDENT FINL ORD GBX10.363636 | — | 458 | 1,412 | 1,870 | — | 5 | 15 | 20 | |||||||||
PRUDENTIAL PLC NEW ORD GBP0.05 NIL PAID | — | — | 1,613 | 1,613 | — | — | 3 | 3 | |||||||||
PRUDENTIAL PLC ORD GBP0.05 | — | 3,272 | 12,073 | 15,345 | — | 24 | 89 | 113 | |||||||||
RANK GROUP ORD GBP0.10 | — | 2,251 | 3,206 | 5,457 | — | 12 | 17 | 29 | |||||||||
RECKITT BENCKISER PLC ORD GBP0.105263 | — | 1,347 | 3,667 | 5,014 | — | 37 | 101 | 138 | |||||||||
REED ELSEVIER PLC ORD GBP0.125 | — | 3,172 | 6,648 | 9,820 | — | 28 | 59 | 87 | |||||||||
RENTOKIL INITIAL ORD GBP0.01 | — | 2,320 | 9,549 | 11,869 | — | 7 | 27 | 34 | |||||||||
REUTERS GROUP ORD GBP0.25 | — | 1,786 | 7,509 | 9,295 | — | 12 | 51 | 63 | |||||||||
REXAM ORD | — | 1,506 | 2,884 | 4,390 | — | 12 | 23 | 35 | |||||||||
RIO TINTO ORD GBP0.10(REGD) | — | 2,219 | 5,466 | 7,685 | — | 58 | 143 | 201 | |||||||||
RMC GROUP ORD GBP0.25 | — | 477 | 1,407 | 1,884 | — | 7 | 22 | 29 | |||||||||
ROLLS ROYCE GROUP B SHS | — | 148,385 | 273,193 | 421,578 | — | 0 | 1 | 1 | |||||||||
ROLLS ROYCE GROUP ORD GBP0.20 | — | 1,814 | 8,879 | 10,693 | — | 9 | 42 | 51 | |||||||||
ROYAL BK SCOT GRP ORD GBP0.25 | — | 6,197 | 16,464 | 22,661 | — | 183 | 485 | 668 | |||||||||
ROYAL+SUN ALLIANCE ORD GBP0.275 | — | 1,424 | 15,987 | 17,411 | — | 2 | 22 | 24 | |||||||||
SABMILLER PLC ORD USD0.10 | — | 1,664 | 5,268 | 6,932 | — | 24 | 76 | 100 |
Page B-120
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
SAGE GROUP ORD GBP0.01 | — | 1,510 | 6,749 | 8,259 | — | 5 | 23 | 28 | |||||||||
SAINSBURY(J) ORD GBP0.28571428 (POST REC | — | 1,584 | 6,689 | 8,273 | — | 8 | 32 | 40 | |||||||||
SCHRODERS NEW NON VTG ORD GBP1.0 | — | — | 434 | 434 | — | — | 5 | 5 | |||||||||
SCHRODERS NEW ORD GBP1.0 | — | 388 | 868 | 1,256 | — | 5 | 10 | 15 | |||||||||
SCOT + NEWCASTLE ORD GBP0.20 | — | 1,000 | 4,692 | 5,692 | — | 7 | 35 | 42 | |||||||||
SCOT + SOUTHERN EN ORD GBP0.50 | — | 1,783 | 4,507 | 6,290 | — | 27 | 69 | 96 | |||||||||
SCOTTISH MORTGAGE INV TRUST ORD GBP0.25 | — | — | 2,117 | 2,117 | — | — | 12 | 12— | |||||||||
SCOTTISH POWER ORD GBP0.50 | — | 4,461 | 9,748 | 14,209 | — | 36 | 79 | 115 | |||||||||
SERCO GROUP PLC | — | 1,299 | — | 1,299 | — | 5 | — | 5 | |||||||||
SEVERN TRENT ORD 65 5/19 GBP | — | 429 | 1,805 | 2,234 | — | 7 | 30 | 37 | |||||||||
SHELL TRNSPT+TRDG ORD GBP0.25(REGD) | — | 20,081 | 50,773 | 70,854 | — | 158 | 399 | 557 | |||||||||
SHIRE PHARMA GROUP ORD GBP0.05 | — | — | 2,510 | 2,510 | — | — | 24 | 24 | |||||||||
SIGNET GROUP ORD GBP0.005 | — | 5,727 | 9,213 | 14,940 | — | 11 | 18 | 29 | |||||||||
SLOUGH ESTATES ORD GBP0.25 | — | 754 | 2,200 | 2,954 | — | 6 | 18 | 24 | |||||||||
SMITH + NEPHEW ORD GBP0.1222 | — | 1,158 | 4,881 | 6,039 | — | 10 | 41 | 51 | |||||||||
SMITH WH ORD GBP0.021605 | — | — | 1,003 | 1,003 | — | — | 6 | 6 | |||||||||
SMITHS GROUP ORD GBP0.25 | — | 696 | 2,958 | 3,654 | — | 10 | 40 | 50 | |||||||||
STAGECOACH HLDGS | — | 2,514 | — | 2,514 | — | 4 | — | 4 | |||||||||
STANDARD CHARTERED ORD USD0.50 | — | — | 6,160 | 6,160 | — | — | 110 | 110 | |||||||||
TATE + LYLE GBP 0.25 | — | 1,765 | 2,542 | 4,307 | — | 14 | 20 | 34 | |||||||||
TAYLOR WOODROW | — | 1,069 | — | 1,069 | — | 5 | — | 5 | |||||||||
TESCO ORD GBP0.05 | — | 14,816 | 40,484 | 55,300 | — | 78 | 213 | 291 | |||||||||
TI AUTOMOTIVE A SHS GBP0.0001 | — | — | 270 | 270 | — | — | — | — | |||||||||
TOMKINS ORD GBP0.05 | — | 2,334 | 4,127 | 6,461 | — | 11 | 19 | 30 | |||||||||
TRAVIS PERKINS ORD GBP0.10 | — | — | 680 | 680 | — | — | 17 | 17 | |||||||||
TRINITY MIRROR ORD GBP0.10 | — | — | 1,547 | 1,547 | — | — | 18 | 18 | |||||||||
UNILEVER ORD GBP0.014 | — | 5,751 | 14,637 | 20,388 | — | 49 | 123 | 172 | |||||||||
UNITED UTILITIES ORD GBP1 | — | 580 | 3,382 | 3,962 | — | 6 | 36 | 42 |
Page B-121
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
UTD BUSINESS MEDIA NEW ORD GBP0.25 | — | 604 | 2,023 | 2,627 | — | 5 | 18 | 23 | |||||||||
UTD UTILITIES A SHS GBP0.50 | — | 836 | 984 | 1,820 | — | 6 | 7 | 13 | |||||||||
VODAFONE GROUP ORD USD0.10 | — | 139,584 | 352,165 | 491,749 | — | 358 | 901 | 1,259 | |||||||||
WHITBREAD ORD GBP0.50 | — | 369 | 1,558 | 1,927 | — | 6 | 23 | 29 | |||||||||
WIMPEY(GEORGE) | — | 689 | — | 689 | — | 4 | — | 4 | |||||||||
WITAN INVESTMENT TRUST ORD GBP0.25 | — | — | 1,844 | 1,844 | — | — | 10 | 10 | |||||||||
WOLSELEY ORD GBP0.25 | — | 720 | 3,060 | 3,780 | — | 13 | 53 | 66 | |||||||||
WPP GROUP ORD GBP0.10 | — | 1,468 | 6,214 | 7,682 | — | 15 | 62 | 77 | |||||||||
XSTRATA COM STK USD0.5 | — | — | 2,497 | 2,497 | — | — | 39 | 39 | |||||||||
YELL GROUP ORD GBP0.01 | — | 1,967 | 3,657 | 5,624 | — | 13 | 25 | 38 | |||||||||
15,510 | |||||||||||||||||
UNITED STATES | |||||||||||||||||
COMMON STOCK | |||||||||||||||||
ISHARES INC MSCI AUSTRALIA INDEX FD | — | — | 2,900 | 2,900 | — | — | 44 | 44 | |||||||||
ISHARES INC MSCI EMU INDEX FD | — | — | 3,800 | 3,800 | — | — | 250 | 250 | |||||||||
ISHARES INC MSCI HONG KONG INDEX FD | — | — | 2,100 | 2,100 | — | — | 23 | 23 | |||||||||
ISHARES INC MSCI JAPAN INDEX FD | — | — | 16,800 | 16,800 | — | — | 166 | 166 | |||||||||
ISHARES INC MSCI SINGAPORE INDEX FD | — | — | 1,100 | 1,100 | — | — | 7 | 7 | |||||||||
ISHARES INC MSCI SWEDEN INDEX FD | — | — | 800 | 800 | — | — | 14 | 14 | |||||||||
ISHARES INC MSCI SWITZERLAND INDEXFD | — | — | 3,900 | 3,900 | — | — | 60 | 60 | |||||||||
ISHARES INC MSCI UNITED KINGDOM INDEX FD | — | — | 11,300 | 11,300 | — | — | 189 | 189 | |||||||||
ISHARES TR MSCI EAFE INDEX FD | — | — | 4,756 | 4,756 | — | — | 696 | 696 | |||||||||
SYNTHES INC CHF0.001(POST SUBD) | — | 120 | 220 | 340 | — | 13 | 23 | 36 | |||||||||
1,485 | |||||||||||||||||
70,317 | |||||||||||||||||
Total Common Stock and Preferred Stock (Cost $63,391) | |||||||||||||||||
MONEY MARKET FUNDS 1.8% |
Page B-122
TD Waterhouse Asian Pacific Index Fund TD Waterhouse European Index Fund T. Rowe Price International Equity Index Fund Pro Forma Combined Portfolio of Investments October 31, 2004 UNAUDITED | |||||||||||||||||
Par/Shares | Market Value (000’s) | ||||||||||||||||
TD Waterhouse | TD Waterhouse | TRP | Pro Forma | TD Waterhouse | TD Waterhouse | TRP | Pro Forma | ||||||||||
T. ROWE PRICE RESERVE INVESTMENT FUND, 1.81% # | — | — | 1,288,308 | 1,288,308 | — | — | 1,288 | 1,288 | |||||||||
Total Money Market Funds (Cost $1,288) | 1,288 | ||||||||||||||||
SECURITIES LENDING COLLATERAL 5.5% | |||||||||||||||||
INVESTMENT IN MONEY MARKET POOLED ACCOUNT | |||||||||||||||||
MANAGED BY JPM | — | — | 3,967,482 | 3,967,482 | — | — | 3,967 | 3,967 | |||||||||
Total Securities Lending Collateral (Cost $3,967) | |||||||||||||||||
3,967 | |||||||||||||||||
Total Investments in Securities | |||||||||||||||||
105.0% of Net Assets (Cost $9,473, $9,915, $49,258 and $68,646, respectively) | $ 10,260 | $ 11,688 | $ 53,624 | $ 75,572 | |||||||||||||
1 All securities conform to the investment program of the T. Rowe Price International Equity Index Fund | |||||||||||||||||
# - Seven-day yield | |||||||||||||||||
The accompanying notes are an integral part of these pro forma combined financial statements |
Page B-123
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
CORPORATE BONDS AND NOTES 21.8% | ||||||||
Abbott Laboratories, 5.63%, 7/1/06 | 5 | 5 | 5 | 5 | ||||
Abitibi Consolidated Company of Canada, 6.95%, 12/15/06 | 100 | 100 | 104 | 104 | ||||
Ace Ina Holdings, 8.30%, 8/15/06 | 3 | 3 | 3 | 3 | ||||
AFLAC, 6.50%, 4/15/09 | 100 | 100 | 110 | 110 | ||||
Alabama Power | ||||||||
Series G, 5.38%, 10/1/08 | 6 | 6 | 6 | 6 | ||||
5.50%, 10/15/17 | 100 | 100 | 105 | 105 | ||||
Albertson’s, Inc., MTN, Series C, 6.63%, 6/1/28 | 3 | 3 | 3 | 3 | ||||
Alcan Aluminum, 4.875%, 9/15/12 | 100 | 100 | 102 | 102 | ||||
Alcoa | ||||||||
5.375%, 1/15/13 | 120 | 120 | 127 | 127 | ||||
6.50%, 6/1/11 | 12 | 12 | 14 | 14 | ||||
Allstate | ||||||||
6.125%, 12/15/32 | 150 | 150 | 157 | 157 | ||||
6.75%, 5/15/18 | 3 | 3 | 4 | 4 | ||||
7.20%, 12/1/09 | 10 | 10 | 12 | 12 | ||||
7.50%, 6/15/13 | 2 | 2 | 2 | 2 | ||||
7.88%, 5/1/05 | 5 | 5 | 5 | 5 | ||||
Alltel | ||||||||
6.50%, 11/1/13 | 5 | 5 | 6 | 6 | ||||
7.00%, 3/15/16 | 11 | 11 | 13 | 13 | ||||
America Movil, 144A, 4.125%, 3/1/09 | 100 | 100 | 99 | 99 | ||||
American Axle & Manufacturing, 5.25%, 2/11/14 | 150 | 150 | 144 | 144 | ||||
American General Finance, 5.88%, 12/15/05 | 30 | 30 | 31 | 31 | ||||
American General Finance, MTN, Series H, 5.38%, 10/1/12 | 3 | 3 | 3 | 3 | ||||
American General, 7.50%, 8/11/10 | 100 | 100 | 117 | 117 | ||||
Anadarko Petroleum, 5.38%, 3/1/07 | 3 | 3 | 3 | 3 | ||||
Anheuser-Busch, 7.55%, 10/1/30 | 100 | 100 | 127 | 127 | ||||
AOL Time Warner, 7.625%, 4/15/31 | 300 | 300 | 354 | 354 | ||||
Appalachian Power, 3.60%, 5/15/08 | 200 | 200 | 199 | 199 | ||||
Archer-Daniels-Midland, 8.88%, 4/15/11 | 5 | 5 | 6 | 6 |
Page B-124
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Asian Development Bank | ||||||||
2.38%, 3/15/06 | 3 | 3 | 3 | 3 | ||||
6.75%, 6/11/07 | 4 | 4 | 4 | 4 | ||||
Asian Development Bank, MTN, 4.88%, 2/5/07 | 7 | 7 | 7 | 7 | ||||
Associates, 6.88%, 11/15/08 | 5 | 5 | 6 | 6 | ||||
AT&T Broadband, 8.375%, 3/15/13 | 316 | 316 | 388 | 388 | ||||
AT&T Wireless Services, 7.50%, 5/1/07 | 10 | 10 | 11 | 11 | ||||
Atlantic Richfield, 5.90%, 4/15/09 | 200 | 200 | 219 | 219 | ||||
Baker Hughes, 6.00%, 2/15/09 | 150 | 150 | 163 | 163 | ||||
Banc One, 7.00%, 7/15/05 | 100 | 100 | 103 | 103 | ||||
Bank of America | ||||||||
3.25%, 8/15/08 | 250 | 250 | 248 | 248 | ||||
3.375%, 2/17/09 | 250 | 250 | 247 | 247 | ||||
4.75%, 10/15/06 | 10 | 10 | 10 | 10 | ||||
4.875%, 9/15/12 | 100 | 100 | 103 | 103 | ||||
6.38%, 2/15/08 | 10 | 10 | 11 | 11 | ||||
6.63%, 10/15/07 | 10 | 10 | 11 | 11 | ||||
6.75%, 9/15/05 | 10 | 10 | 10 | 10 | ||||
7.25%, 10/15/25 | 10 | 10 | 12 | 12 | ||||
7.40%, 1/15/11 | 10 | 100 | 110 | 12 | 117 | 129 | ||
Bank One | ||||||||
3.70%, 1/15/08 | 100 | 100 | 101 | 101 | ||||
5.50%, 3/26/07 | 50 | 50 | 53 | 53 | ||||
6.88%, 8/1/06 | 5 | 5 | 5 | 5 | ||||
7.13%, 5/15/07 | 8 | 8 | 9 | 9 | ||||
7.60%, 5/1/07 | 8 | 8 | 9 | 9 | ||||
7.63%, 10/15/26 | 4 | 4 | 5 | 5 | ||||
8.00%, 4/29/27 | 4 | 4 | 5 | 5 | ||||
BB&T | ||||||||
4.75%, 10/1/12 | 95 | 95 | 96 | 96 | ||||
5.25%, 11/1/19 | 200 | 200 | 199 | 199 | ||||
Bear Stearns | ||||||||
2.88%, 7/2/08 | 8 | 8 | 8 | 8 | ||||
4.50%, 10/28/10 | 200 | 200 | 204 | 204 | ||||
Bellsouth Capital Funding, 7.875%, 2/15/30 | 100 | 100 | 123 | 123 |
Page B-125
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
BellSouth, 6.88%, 10/15/31 | 21 | 21 | 23 | 23 | ||||
BellSouth Telecommunications | ||||||||
6.38%, 6/1/28 | 5 | 5 | 5 | 5 | ||||
6.75%, 10/15/33 | 14 | 14 | 15 | 15 | ||||
Belo, 7.125%, 6/1/07 | 150 | 150 | 163 | 163 | ||||
Best Foods, MTN, Series F, 6.63%, 4/15/28 | 5 | 5 | 6 | 6 | ||||
Black Hills, 6.50%, 5/15/13 | 50 | 50 | 52 | 52 | ||||
Boeing Capital, 6.10%, 3/1/11 | 50 | 50 | 55 | 55 | ||||
Boeing, 6.125%, 2/15/33 | 50 | 50 | 53 | 53 | ||||
Boston Edison, 4.875%, 4/15/14 | 100 | 100 | 102 | 102 | ||||
Bottling Group, 4.625%, 11/15/12 | 100 | 100 | 102 | 102 | ||||
BP Co. North America, 6.50%, 8/1/07 | 4 | 4 | 4 | 4 | ||||
Bristol-Myers Squibb | ||||||||
4.75%, 10/1/06 | 9 | 9 | 9 | 9 | ||||
5.75%, 10/1/11 | 100 | 100 | 108 | 108 | ||||
6.80%, 11/15/26 | 6 | 6 | 7 | 7 | ||||
British Telecommunications, STEP | ||||||||
7.875%, 12/15/05 | 50 | 50 | 53 | 53 | ||||
8.875%, 12/15/30 | 100 | 100 | 133 | 133 | ||||
Buckeye Partners, 5.30%, 10/15/14 | 200 | 200 | 204 | 204 | ||||
Bunge Limited Finance, 4.375%, 12/15/08 | 200 | 200 | 202 | 202 | ||||
Canadian National Railways, 6.25%, 8/1/34 | 95 | 95 | 102 | 102 | ||||
Canadian Natural Resources, 6.45%, 6/30/33 | 200 | 200 | 216 | 216 | ||||
Celulosa Arauco Y Constitucion, 8.625%, 8/15/10 | 150 | 150 | 180 | 180 | ||||
CenterPoint Energy Houston Electric, 6.95%, 3/15/33 | 100 | 100 | 116 | 116 | ||||
Chase Manhattan, 7.88%, 6/15/10 | 65 | 65 | 77 | 77 | ||||
Chevron Phillips Chemical, 5.375%, 6/15/07 | 100 | 100 | 105 | 105 | ||||
ChevronTexaco Capital, 3.375%, 2/15/08 | 200 | 200 | 201 | 201 | ||||
ChevronTexaco | ||||||||
5.70%, 12/1/08 | 5 | 5 | 5 | 5 | ||||
5.50%, 1/15/09 | 5 | 5 | 5 | 5 | ||||
8.63%, 4/1/32 | 5 | 5 | 7 | 7 | ||||
CIT Group, 7.75%, 4/2/12 | 80 | 80 | 95 | 95 | ||||
Citicorp | ||||||||
6.38%, 1/15/06 | 4 | 4 | 4 | 4 | ||||
7.25%, 9/1/08 | 4 | 4 | 5 | 5 | ||||
Citicorp, MTN, Series C, 7.00%, 7/1/07 | 8 | 8 | 9 | 9 |
Page B-126
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Citigroup | ||||||||
5.00%, 9/15/14, 144A | 236 | 236 | 238 | 238 | ||||
5.50%, 8/9/06 | 12 | 12 | 13 | 13 | ||||
5.625%, 8/27/12 | 200 | 200 | 216 | 216 | ||||
5.75%, 5/10/06 | 200 | 200 | 209 | 209 | ||||
6.00%, 2/21/12 | 13 | 13 | 14 | 14 | ||||
6.75%, 12/1/05 | 12 | 12 | 13 | 13 | ||||
7.25%, 10/1/10 | 12 | 12 | 14 | 14 | ||||
Clear Channel Communications, 7.65%, 9/15/10 | 75 | 75 | 86 | 86 | ||||
Coca-Cola Enterprises | ||||||||
8.50%, 2/1/12 | 15 | 15 | 19 | 19 | ||||
7.13%, 8/1/17 | 15 | 15 | 18 | 18 | ||||
6.75%, 1/15/38 | 8 | 8 | 9 | 9 | ||||
Colgate Palmolive, 5.98%, 4/25/12 | 100 | 100 | 110 | 110 | ||||
Commercial Credit, 6.75%, 7/1/07 | 150 | 150 | 164 | 164 | ||||
Compaq Computer, 7.65%, 8/1/05 | 5 | 5 | 5 | 5 | ||||
ConocoPhillips | ||||||||
5.90%, 10/15/32 | 250 | 250 | 261 | 261 | ||||
6.38%, 3/30/09 | 25 | 25 | 28 | 28 | ||||
Consolidated Edison, Series B, 7.50%, 9/1/10 | 5 | 100 | 105 | 6 | 117 | 123 | ||
Consolidated Natural Gas | ||||||||
5.00%, 3/1/14 | 200 | 200 | 201 | 201 | ||||
Series C, 6.25%, 11/1/11 | 15 | 15 | 17 | 17 | ||||
Countrywide Home Loan | ||||||||
5.50%, 8/1/06 | 100 | 100 | 104 | 104 | ||||
5.625%, 7/15/09 | 200 | 200 | 214 | 214 | ||||
MTN, Series H, 6.25%, 4/15/09 | 15 | 15 | 16 | 16 | ||||
Cox Communications | ||||||||
6.75%, 3/15/11 | 100 | 100 | 110 | 110 | ||||
7.75%, 8/15/06 | 50 | 50 | 54 | 54 | ||||
Credit Suisse First Boston (USA), 5.125%, 1/15/14 | 200 | 200 | 204 | 204 |
Page B-127
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
CVS, 144A, 4.00%, 9/15/09 | 200 | 200 | 201 | 201 | ||||
DaimlerChrysler | ||||||||
6.40%, 5/15/06 | 6 | 100 | 106 | 6 | 105 | 111 | ||
7.20%, 9/1/09 | 6 | 6 | 7 | 7 | ||||
7.25%, 1/18/06 | 100 | 100 | 105 | 105 | ||||
7.40%, 1/20/05 | 6 | 6 | 6 | 6 | ||||
8.50%, 1/18/31 | 100 | 100 | 123 | 123 | ||||
Deere & Co., 7.85%, 5/15/10 | 15 | 15 | 17 | 17 | ||||
Delphi, 6.55%, 6/15/06 | 100 | 100 | 104 | 104 | ||||
Deutsche Telekom International Finance, STEP | ||||||||
8.25%, 6/15/05 | 100 | 100 | 104 | 104 | ||||
8.50%, 6/15/10 | 100 | 100 | 120 | 120 | ||||
Devon Financing, 6.875%, 9/30/11 | 200 | 200 | 228 | 228 | ||||
Dover, 6.50%, 2/15/11 | 100 | 100 | 113 | 113 | ||||
Dow Chemical, 7.00%, 8/15/05 | 150 | 150 | 155 | 155 | ||||
Duke Capital, 4.37%, 3/1/09 | 200 | 200 | 201 | 201 | ||||
E.I. Du Pont de Nemours & Co. | ||||||||
5.88%, 5/11/09 | 65 | 65 | 71 | 71 | ||||
8.25%, 9/15/06 | 5 | 5 | 6 | 6 | ||||
Encana, 4.60%, 8/15/09 | 250 | 250 | 258 | 258 | ||||
Energy East, 5.75%, 11/15/06 | 40 | 40 | 42 | 42 | ||||
Entergy Gulf States, 5.20%, 12/3/07 | 95 | 95 | 95 | 95 | ||||
EOG Resources, 6.00%, 12/15/08 | 100 | 100 | 108 | 108 | ||||
EOP Operating, 7.75%, 11/15/07 | 100 | 100 | 112 | 112 | ||||
European Investment Bank | ||||||||
2.38%, 3/15/06 | 7 | 7 | 7 | 7 | ||||
3.38%, 3/16/09 | 7 | 7 | 7 | 7 | ||||
4.88%, 9/6/06 | 16 | 16 | 17 | 17 | ||||
5.63%, 1/24/06 | 5 | 5 | 5 | 5 | ||||
Exelon Generation, 6.95%, 6/15/11 | 200 | 200 | 227 | 227 | ||||
FedEx, 6.875%, 2/15/06 | 144 | 144 | 151 | 151 | ||||
Fifth Third Bank, 2.70%, 1/30/07 | 200 | 200 | 199 | 199 | ||||
First Data, 4.70%, 8/1/13 | 200 | 200 | 202 | 202 |
Page B-128
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
FleetBoston Financial, 6.50%, 3/15/08 | 15 | 15 | 17 | 17 | ||||
Florida Power & Light, 4.85%, 2/1/13 | 5 | 5 | 5 | 5 | ||||
Ford Motor Credit | ||||||||
6.88%, 2/1/06 | 64 | 64 | 67 | 67 | ||||
7.00%, 10/1/13 | 600 | 600 | 635 | 635 | ||||
7.375%, 10/28/09 | 350 | 350 | 380 | 380 | ||||
Fortune Brands, 6.25%, 4/1/08 | 200 | 200 | 218 | 218 | ||||
France Telecom, STEP, 8.50%, 3/1/11 | 200 | 200 | 240 | 240 | ||||
Franklin Resources, 3.70%, 4/15/08 | 20 | 20 | 20 | 20 | ||||
GE Global Insurance, 7.75%, 6/15/30 | 100 | 100 | 121 | 121 | ||||
General Electric Capital | ||||||||
3.125%, 4/1/09 | 350 | 350 | 343 | 343 | ||||
5.00%, 6/15/07 | 200 | 200 | 209 | 209 | ||||
General Electric Capital, MTN, Series A | ||||||||
5.00%, 2/15/07 | 80 | 80 | 83 | 83 | ||||
6.80%, 11/1/05 | 9 | 9 | 9 | 9 | ||||
7.38%, 1/19/10 | 9 | 9 | 11 | 11 | ||||
General Motors | ||||||||
7.125%, 7/15/13 | 200 | 200 | 208 | 208 | ||||
7.20%, 1/15/11 | 100 | 100 | 105 | 105 | ||||
8.25%, 7/15/23 | 150 | 150 | 156 | 156 | ||||
General Motors Acceptance Corp. | ||||||||
6.125%, 8/28/07 | 80 | 80 | 84 | 84 | ||||
6.88%, 9/15/11 | 50 | 50 | 52 | 52 | ||||
8.00%, 11/1/31 | 100 | 100 | 103 | 103 | ||||
Gillette, 3.50%, 10/15/07 | 50 | 50 | 50 | 50 | ||||
Goldman Sachs Capital I, 6.345%, 2/15/34 | 50 | 50 | 51 | 51 | ||||
Goldman Sachs Group | ||||||||
4.125%, 1/15/08 | 85 | 85 | 87 | 87 | ||||
5.15%, 1/15/14 | 100 | 100 | 101 | 101 | ||||
6.60%, 1/15/12 | 7 | 400 | 407 | 8 | 448 | 456 | ||
6.88%, 1/15/11 | 7 | 7 | 8 | 8 |
Page B-129
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
GTE South, 6.13%, 6/15/07 | 15 | 15 | 16 | 16 | ||||
Harrah’s Operating, 5.50%, 7/1/10 | 150 | 150 | 158 | 158 | ||||
Hartford Financial Services Group, 4.75%, 3/1/14 | 200 | 200 | 195 | 195 | ||||
Hewlett Packard, 5.50%, 7/1/07 | 100 | 100 | 106 | 106 | ||||
Honeywell International, 6.63%, 6/15/28 | 5 | 5 | 6 | 6 | ||||
Household Finance | ||||||||
4.75%, 07/15/13 | 9 | 9 | 9 | 9 | ||||
5.75%, 1/30/07 | 24 | 150 | 174 | 25 | 159 | 184 | ||
5.88%, 02/01/09 | 9 | 9 | 10 | 10 | ||||
6.38%, 10/15/11 | 11 | 11 | 12 | 12 | ||||
8.00%, 5/9/05 | 14 | 14 | 14 | 14 | ||||
Household Financial | ||||||||
6.50%, 1/24/06 | 12 | 12 | 13 | 13 | ||||
7.00%, 5/15/12 | 9 | 9 | 10 | 10 | ||||
HSBC Bank USA | ||||||||
4.625%, 4/1/14 | 250 | 250 | 247 | 247 | ||||
5.875%, 11/1/34 | 300 | 300 | 300 | 300 | ||||
HSBC Holdings, 7.50%, 7/15/09 | 100 | 100 | 116 | 116 | ||||
IBM | ||||||||
4.25%, 9/15/09 | 100 | 100 | 103 | 103 | ||||
6.50%, 1/15/28 | 11 | 11 | 12 | 12 | ||||
7.00%, 10/30/45 | 10 | 10 | 12 | 12 | ||||
8.375%, 11/1/19 | 100 | 100 | 133 | 133 | ||||
Inco, 7.75%, 5/15/12 | 100 | 100 | 119 | 119 | ||||
Indiana Michigan Power, Series C , 6.13%, 12/15/06 | 3 | 3 | 3 | 3 | ||||
Inter-American Development Bank | ||||||||
4.38%, 9/20/12 | 5 | 5 | 5 | 5 | ||||
5.38%, 1/18/06 | 5 | 5 | 5 | 5 | ||||
7.38%, 1/15/10 | 6 | 6 | 7 | 7 | ||||
Inter-American Development Bank, MTN, 3.38%, 3/17/08 | 5 | 5 | 5 | 5 | ||||
International Bank for Reconstruction & Development | ||||||||
5.00%, 3/28/06 | 19 | 19 | 20 | 20 | ||||
7.00%, 1/27/05 | 19 | 19 | 19 | 19 |
Page B-130
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
International Lease Finance | ||||||||
3.75%, 8/1/07 | 200 | 200 | 202 | 202 | ||||
6.375%, 3/15/09 | 100 | 100 | 109 | 109 | ||||
John Deere Capital | ||||||||
3.90%, 1/15/08 | 50 | 50 | 51 | 51 | ||||
4.50%, 8/22/07 | 150 | 150 | 155 | 155 | ||||
John Hancock Financial Services, 5.625%, 12/1/08 | 100 | 100 | 107 | 107 | ||||
Johnson Controls, 4.875%, 9/15/13 | 300 | 300 | 307 | 307 | ||||
JP Morgan Chase | ||||||||
5.25%, 5/30/07 | 100 | 100 | 105 | 105 | ||||
6.875%, 1/15/07 | 200 | 200 | 216 | 216 | ||||
Kellogg, Series B, 7.45%, 4/1/31 | 100 | 100 | 125 | 125 | ||||
Key Bank NA, 7.00%, 2/1/11 | 2 | 2 | 2 | 2 | ||||
KFW International Finance, 4.75%, 1/24/07 | 11 | 11 | 11 | 11 | ||||
Kinder Morgan, 6.50%, 9/1/12 | 100 | 100 | 111 | 111 | ||||
Korea Electric Power, 144A, 4.25%, 9/12/07 | 100 | 100 | 102 | 102 | ||||
Kraft Foods | ||||||||
4.00%, 10/1/08 | 150 | 150 | 152 | 152 | ||||
6.50%, 11/1/31 | 100 | 100 | 109 | 109 | ||||
Kroger, 7.625%, 9/15/06 | 100 | 100 | 108 | 108 | ||||
Lehman Brothers | ||||||||
4.80%, 3/13/14 | 100 | 100 | 100 | 100 | ||||
7.625%, 6/1/06 | 100 | 100 | 107 | 107 | ||||
Lehman Brothers Holdings | ||||||||
3.95%, 11/10/09 | 300 | 300 | 299 | 299 | ||||
6.25%, 5/15/06 | 11 | 11 | 12 | 12 | ||||
7.75%, 1/15/05 | 11 | 11 | 11 | 11 | ||||
Limited, 6.95%, 3/1/33 | 100 | 100 | 109 | 109 | ||||
Lincoln National, 5.25%, 6/15/07 | 100 | 100 | 105 | 105 | ||||
Lockheed Martin | ||||||||
7.75%, 5/1/26 | 50 | 50 | 61 | 61 | ||||
8.50%, 12/1/29 | 100 | 100 | 134 | 134 | ||||
Marshall & Ilsley Bank, 5.25%, 9/4/12 | 20 | 20 | 21 | 21 | ||||
Masco, 5.875%, 7/15/12 | 100 | 100 | 108 | 108 |
Page B-131
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
MBNA America Bank, 6.50%, 6/20/06 | 200 | 200 | 211 | 211 | ||||
Mellon Bank | ||||||||
6.50%, 8/1/05 | 5 | 5 | 5 | 5 | ||||
7.625%, 9/15/07 | 200 | 200 | 223 | 223 | ||||
Merrill Lynch | ||||||||
3.125%, 7/15/08 | 200 | 200 | 197 | 197 | ||||
6.88%, 11/15/18 | 65 | 65 | 75 | 75 | ||||
Morgan Stanley | ||||||||
4.75%, 4/1/14 | 150 | 150 | 147 | 147 | ||||
5.80%, 4/1/07 | 250 | 250 | 266 | 266 | ||||
6.10%, 4/15/06 | 8 | 8 | 9 | 9 | ||||
6.75%, 4/15/11 | 8 | 8 | 9 | 9 | ||||
National City, 5.75%, 2/1/09 | 100 | 100 | 108 | 108 | ||||
National Rural Utilities | ||||||||
6.00%, 5/15/06 | 300 | 300 | 314 | 314 | ||||
6.13%, 5/15/05 | 20 | 20 | 20 | 20 | ||||
National Westminster Bank, 7.38%, 10/1/09 | 4 | 4 | 5 | 5 | ||||
Newell Rubbermaid, 4.625%, 12/15/09 | 35 | 35 | 36 | 36 | ||||
News America | ||||||||
6.75%, 1/9/38 (Tender 1/9/10) | 150 | 150 | 173 | 173 | ||||
7.25%, 5/18/18 | 100 | 100 | 117 | 117 | ||||
NiSource Finance, 7.875%, 11/15/10 | 200 | 200 | 237 | 237 | ||||
Norfolk Southern | ||||||||
7.25%, 2/15/31 | 100 | 100 | 118 | 118 | ||||
8.375%, 5/15/05 | 100 | 100 | 103 | 103 | ||||
North Fork Bancorporation, 5.875%, 8/15/12 | 25 | 25 | 27 | 27 | ||||
Northrop Grumman, 7.125%, 2/15/11 | 200 | 200 | 231 | 231 | ||||
Oncor Electric Delivery, 7.25%, 1/15/33 | 100 | 100 | 120 | 120 | ||||
Pacific Bell, 6.25%, 3/1/05 | 5 | 5 | 5 | 5 | ||||
Pacific Gas & Electric, 3.60%, 3/1/09 | 200 | 200 | 199 | 199 | ||||
Panhandle Eastern Pipeline, 4.80%, 8/15/08 | 200 | 200 | 205 | 205 | ||||
Pemex Project Funding Master Trust, 7.375%, 12/15/14 | 350 | 350 | 388 | 388 | ||||
Petrobras International, 9.875%, 5/9/08 | 45 | 45 | 52 | 52 | ||||
Philip Morris, 7.00%, 7/15/05 | 50 | 50 | 51 | 51 |
Page B-132
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Pinnacle West Capital, 6.40%, 4/1/06 | 200 | 200 | 209 | 209 | ||||
Pioneer Natural Resource, 5.875%, 7/15/16 | 100 | 100 | 106 | 106 | ||||
Placer Dome, 6.375%, 3/1/33 | 100 | 100 | 106 | 106 | ||||
PNC Funding, 5.75%, 8/1/06 | 125 | 125 | 131 | 131 | ||||
PPL Electric Utilities, 5.875%, 8/15/07 | 30 | 30 | 32 | 32 | ||||
PPL Energy Supply, 6.40%, 11/1/11 | 50 | 50 | 55 | 55 | ||||
Praxair | ||||||||
6.375%, 4/1/12 | 4 | 100 | 104 | 5 | 112 | 117 | ||
6.50%, 3/1/08 | 5 | 5 | 5 | 5 | ||||
Principal Life Global Funding I, 144A, 5.25%, 1/15/13 | 100 | 100 | 103 | 103 | ||||
Procter & Gamble, 6.60%, 12/15/04 | 17 | 17 | 17 | 17 | ||||
Progress Energy, 7.10%, 3/1/11 | 100 | 100 | 113 | 113 | ||||
PSEG Power, 8.625%, 4/15/31 | 200 | 200 | 258 | 258 | ||||
Public Service Company of Colorado, 7.875%, 10/1/12 | 150 | 150 | 184 | 184 | ||||
Pulte, 7.875%, 8/1/11 | 200 | 200 | 233 | 233 | ||||
Reed Elsevier, 6.125%, 8/1/06 | 200 | 200 | 211 | 211 | ||||
Regions Financial, 6.375%, 5/15/12 | 100 | 100 | 111 | 111 | ||||
Republic of Finland, 5.88%, 2/27/06 | 3 | 3 | 3 | 3 | ||||
Republic of Italy | ||||||||
2.75%, 12/15/06 | 12 | 12 | 12 | 12 | ||||
5.63%, 6/15/12 | 8 | 8 | 9 | 9 | ||||
6.00%, 2/22/11 | 6 | 6 | 7 | 7 | ||||
Royal Bank of Canada, 3.875%, 5/4/09 | 150 | 150 | 151 | 151 | ||||
Royal Bank of Scotland Group, 5.00%, 10/1/14 | 125 | 125 | 128 | 128 | ||||
Sempra Energy, 6.00%, 2/1/13 | 120 | 120 | 129 | 129 | ||||
Simon Debartolo, 6.875%, 11/15/06 | 100 | 100 | 107 | 107 | ||||
Simon Property, 7.375%, 1/20/06 | 100 | 100 | 106 | 106 | ||||
Southern California Edison, 4.65%, 4/1/15 | 200 | 200 | 197 | 197 | ||||
Southwest Airlines, 6.50%, 3/1/12 | 85 | 85 | 93 | 93 | ||||
Southwestern Bell Telephone, 6.63%, 7/15/07 | 15 | 15 | 16 | 16 | ||||
Sprint Capital | ||||||||
6.875%, 11/15/28 | 200 | 200 | 215 | 215 | ||||
7.625%, 1/30/11 | 150 | 150 | 175 | 175 | ||||
St. Paul Companies, 5.75%, 3/15/07 | 50 | 50 | 53 | 53 |
Page B-133
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Suntrust Bank, 5.45%, 12/1/17 | 5 | 125 | 130 | 5 | 130 | 135 | ||
Synovus Financial, 4.875%, 2/15/13 | 90 | 90 | 90 | 90 | ||||
Target | ||||||||
5.40%, 10/1/08 | 10 | 10 | 11 | 11 | ||||
5.875%, 3/1/12 | 100 | 100 | 110 | 110 | ||||
5.88%, 11/1/08 | 1 | 1 | 1 | 1 | ||||
Telecom Italia Capital, 5.25%, 11/15/13 | 200 | 200 | 206 | 206 | ||||
Telefonica Europe, 7.35%, 9/15/05 | 100 | 100 | 104 | 104 | ||||
Telus, 7.50%, 6/1/07 | 250 | 250 | 274 | 274 | ||||
Toyota Motor Credit, 4.35%, 12/15/10 | 5 | 5 | 5 | 5 | ||||
Transocean | ||||||||
6.95%, 4/15/08 | 4 | 4 | 4 | 4 | ||||
7.50%, 4/15/31 | 200 | 200 | 242 | 242 | ||||
Travelers Property Casualty, 5.00%, 3/15/13 | 100 | 100 | 100 | 100 | ||||
Turner Broadcasting System, 8.38%, 7/1/13 | 8 | 8 | 10 | 10 | ||||
TXU Energy, 7.00%, 3/15/13 | 50 | 50 | 57 | 57 | ||||
Tyco International, 6.375%, 10/15/11 | 175 | 175 | 195 | 195 | ||||
U.S. Bancorp, 6.375%, 8/1/11 | 150 | 150 | 168 | 168 | ||||
U.S. Bank, 4.95%, 10/30/14 | 200 | 200 | 203 | 203 | ||||
Unilever Capital, 6.88%, 11/1/05 | 8 | 8 | 8 | 8 | ||||
Union Pacific | ||||||||
5.75%, 10/15/07 | 100 | 100 | 107 | 107 | ||||
6.65%, 1/15/11 | 50 | 50 | 56 | 56 | ||||
United Technologies | ||||||||
4.875%, 11/1/06 | 125 | 125 | 130 | 130 | ||||
7.50%, 9/15/29 | 5 | 5 | 6 | 6 | ||||
Univision Communications, 3.50%, 10/15/07 | 200 | 200 | 200 | 200 | ||||
UST, 6.625%, 7/15/12 | 100 | 100 | 113 | 113 | ||||
Vastar Resources, 6.50%, 4/1/09 | 4 | 4 | 5 | 5 | ||||
Verizon Communications, 6.94%, 4/15/28 | 15 | 15 | 17 | 17 | ||||
Verizon Global Funding | ||||||||
4.00%, 1/15/08 | 100 | 100 | 102 | 102 | ||||
6.875%, 6/15/12 | 100 | 100 | 115 | 115 | ||||
7.25%, 12/1/10 | 100 | 100 | 116 | 116 | ||||
7.75%, 12/1/30 | 100 | 100 | 122 | 122 |
Page B-134
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Verizon New England, 6.50%, 9/15/11 | 20 | 20 | 22 | 22 | ||||
Verizon Wireless, 5.375%, 12/15/06 | 200 | 200 | 209 | 209 | ||||
Viacom | ||||||||
5.50%, 5/15/33 | 200 | 200 | 192 | 192 | ||||
5.625%, 8/15/12 | 65 | 65 | 70 | 70 | ||||
7.88%, 7/30/30 | 15 | 15 | 19 | 19 | ||||
Virginia Electric & Power | ||||||||
5.75%, 3/31/06 | 100 | 100 | 104 | 104 | ||||
Series D, 7.63%, 7/1/07 | 6 | 6 | 7 | 7 | ||||
Vodafone, 5.375%, 1/30/15 | 100 | 100 | 104 | 104 | ||||
Wachovia Bank, 4.85%, 7/30/07 | 85 | 85 | 89 | 89 | ||||
Wachovia | ||||||||
4.95%, 11/1/06 | 12 | 12 | 13 | 13 | ||||
6.25%, 8/4/08 | 4 | 4 | 4 | 4 | ||||
6.38%, 1/15/09 | 2 | 2 | 2 | 2 | ||||
6.40%, 4/1/08 | 5 | 5 | 6 | 6 | ||||
6.63%, 7/15/05 | 8 | 8 | 8 | 8 | ||||
7.05%, 8/1/05 | 8 | 8 | 8 | 8 | ||||
Wal-Mart | ||||||||
4.15%, 6/15/05 | 8 | 8 | 8 | 8 | ||||
4.38%, 7/12/07 | 1 | 1 | 1 | 1 | ||||
5.88%, 10/15/05 | 2 | 2 | 2 | 2 | ||||
6.875%, 8/10/09 | 100 | 100 | 114 | 114 | ||||
7.25%, 6/1/13 | 9 | 9 | 11 | 11 | ||||
Washington Mutual, 8.25%, 4/1/10 | 100 | 100 | 119 | 119 | ||||
Wells Fargo | ||||||||
5.00%, 11/15/14 | 5 | 5 | 5 | 5 | ||||
5.125%, 9/1/12 | 350 | 350 | 365 | 365 | ||||
5.25%, 12/1/07 | 100 | 100 | 106 | 106 | ||||
Weyerhaeuser, 6.75%, 3/15/12 | 200 | 200 | 226 | 226 | ||||
XL Capital, 6.50%, 1/15/12 | 100 | 100 | 110 | 110 | ||||
XTO Energy, 4.90%, 2/1/14 | 100 | 100 | 100 | 100 | ||||
Yum! Brands, 7.70%, 7/1/12 | 100 | 100 | 119 | 119 |
Page B-135
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Total Corporate Bonds and Notes (Cost $32,124) | 33,574 | |||||||
ASSET-BACKED SECURITIES 1.3% | ||||||||
American Express Credit Card Master Trust Series 2000-1, Class A, 7.20%, 9/17/07 | 100 | 100 | 101 | 101 | ||||
Bank One Issuance Trust Series 2002-A4, Class A4, 2.94%, 6/16/08 | 250 | 250 | 251 | 251 | ||||
Chemical Master Credit Card Trust Series 1996-2, Class A, 5.98%, 9/15/08 | 100 | 100 | 105 | 105 | ||||
Citibank Credit Card Master Trust Series 1998-2, Class A, 6.05%, 1/15/10 | 100 | 100 | 108 | 108 | ||||
Harley Davidson Motorcycle Trust Series 2003-2, Class A-2, 2.07%, 2/15/11 | 350 | 350 | 345 | 345 | ||||
MBNA Credit Card Master Note Trust Series 2001, Class AA, 5.75%, 10/15/08 | 100 | 100 | 105 | 105 | ||||
MBNA Master Credit Card Trust II Series 2000-D, Class C, 144A, 8.40%, 9/15/09 | 100 | 100 | 111 | 111 | ||||
Reliant Energy Transition Series 2001-1, Class A2, 4.76%, 9/15/09 | 250 | 250 | 258 | 258 | ||||
Whole Auto Loan Trust, Series 2004-1, Class A4, 3.26%, 3/15/11 | 675 | 675 | 675 | 675 | ||||
Total Asset-Backed Securities (Cost $2,045) | 2,059 | |||||||
NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES 1.9% | ||||||||
Banc of America Commercial Mortgage Series 2003-1, Class A2, CMO, 4.648%, 9/11/36 | 500 | 500 | 504 | 504 | ||||
Bear Stearns Commercial Mortgage Securities | ||||||||
Series 2004-T14, Class A2, CMO, 4.17%, 1/12/41 | 575 | 575 | 583 | 583 | ||||
Series 2002-TOP8, Class A2, CMO, 4.83%, 8/15/38 | 350 | 350 | 358 | 358 | ||||
DLJ Commercial Mortgage Series 1999-CG2, Class A1B, CMO, 7.30%, 6/10/32 | 250 | 250 | 284 | 284 | ||||
GE Capital Commercial Mortgage | ||||||||
Series 2001-1, Class A2, CMO, 6.531%, 3/15/11 | 400 | 400 | 448 | 448 | ||||
Series 2001-1, Series A1, CMO, 6.079%, 5/15/33 | 78 | 78 | 83 | 83 | ||||
JP Morgan Chase Commercial Mortgage | ||||||||
Series 2000-C10, Class A2, CMO, 7.371%, 8/15/32 | 125 | 125 | 143 | 143 | ||||
Series 2001-CIBC, Class A3, CMO, 6.26%, 3/15/33 | 285 | 285 | 317 | 317 | ||||
Morgan Stanley Dean Witter Capital Series 2002-TOP7, Class A2, CMO, 5.98%, 1/15/39 | 200 | 200 | 220 | 220 | ||||
Total Non-U.S. Government Mortgage-Backed Securities (Cost $2,849) | 2,940 | |||||||
U.S. GOVERNMENT & AGENCY MORTGAGE-BACKED SECURITIES 33.6% | ||||||||
Federal Home Loan Mortgage | ||||||||
4.50%, 11/1/18 - 5/1/19 | 1,922 | 1,922 | 1,930 | 1,930 | ||||
5.00%, 10/1/18 - 4/1/34 | 471 | 4,232 | 4,703 | 471 | 4,259 | 4,730 | ||
5.50%, 3/1/31 - 2/1/34 | 456 | 2,023 | 2,479 | 465 | 2,064 | 2,529 |
Page B-136
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | ||||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | ||||
6.00%, 12/1/13 - 12/1/33 | 1,404 | 1,404 | 1,460 | 1,460 | |||||
6.50%, 4/1/16 - 1/1/34 | 343 | 2,427 | 2,770 | 361 | 2,556 | 2,917 | |||
7.00%, 11/1/30 - 6/1/32 | 141 | 141 | 149 | 149 | |||||
7.50%, 4/1/15 | 12 | 12 | 13 | 13 | |||||
TBA, 6.00%, 1/1/19 | 149 | 149 | 157 | 157 | |||||
Federal National Mortgage Assn. | |||||||||
4.50%, 5/1/18 - 1/1/19 | 2,305 | 2,305 | 2,316 | 2,316 | |||||
5.00%, 10/1/18 - 4/1/34 | 4,551 | 4,551 | 4,580 | 4,580 | |||||
5.50%, 3/1/31 - 6/1/34 | 415 | 10,298 | 10,713 | 423 | 10,598 | 11,021 | |||
6.00%, 6/1/16 - 3/1/33 | 1,370 | 444 | 1,814 | 1,423 | 467 | 1,890 | |||
6.50%, 4/1/15 - 12/1/32 | 2,410 | 2,410 | 2,546 | 2,546 | |||||
7.00%, 11/1/30 - 7/1/32 | 689 | 689 | 732 | 732 | |||||
7.50%, 10/1/25 - 4/1/31 | 135 | 135 | 145 | 145 | |||||
8.00%, 3/1/31 | 119 | 119 | 129 | 129 | |||||
TBA, 6.00%, 1/1/33 | 7,103 | 7,103 | 7,365 | 7,365 | |||||
Government National Mortgage Assn. | |||||||||
4.50%, 3/20/34 | 490 | 490 | 480 | 480 | |||||
5.00%, 7/15 - 9/15/33 | 2,314 | 2,314 | 2,325 | 2,325 | |||||
5.50%, 2/20/34 | 839 | 839 | 859 | 859 | |||||
6.00%, 7/15/16 - 8/20/34 | 2,262 | 2,262 | 2,361 | 2,361 | |||||
6.50%, 5/15/16 - 9/20/34 | 296 | 296 | 314 | 314 | |||||
7.00%, 3/15/13 - 6/15/31 | 299 | 299 | 319 | 319 | |||||
7.50%, 11/15/12 - 1/15/32 | 437 | 437 | 470 | 470 | |||||
8.00%, 1/15/26 | 55 | 55 | 60 | 60 | |||||
Total U.S. Government & Agency Mortgage-Backed Securities (Cost $51,023) | 51,797 | ||||||||
FOREIGN GOVERNMENT OBLIGATIONS & AGENCY OBLIGATIONS 2.2% | |||||||||
BP Canada Energy, 6.75%, 2/15/05 | 4 | 4 | 4 | 4 | |||||
British Columbia | |||||||||
4.63%, 10/3/06 | 4 | 4 | 4 | 4 | |||||
5.38%, 10/29/08 | 4 | 4 | 4 | 4 | |||||
Canadian Government, 5.25%, 11/5/08 | 12 | 12 | 13 | 13 | |||||
Canada Mortgage & Housing, 2.95%, 6/2/08 | 100 | 100 | 99 | 99 | |||||
Deutsche Telekom, 8.50%, 6/15/10 | 3 | 3 | 3 | 3 |
Page B-137
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||||
Deutsche Telekom, 8.50%, 6/15/10 | 13 | 13 | 16 | 16 | ||||||
European Investment Bank | ||||||||||
2.70%, 4/20/07 | 100 | 100 | 99 | 99 | ||||||
3.375%, 6/12/13 | 250 | 250 | 241 | 241 | ||||||
STEP, 4.00%, 8/30/05 | 100 | 100 | 102 | 102 | ||||||
Hydro-Quebec | ||||||||||
7.50%, 4/1/16 | 100 | 100 | 124 | 124 | ||||||
8.00%, 2/1/13 | 11 | 11 | 14 | 14 | ||||||
Inter-American Development Bank | ||||||||||
6.375%, 10/22/07 | 100 | 100 | 109 | 109 | ||||||
7.375%, 1/15/10 | 100 | 100 | 118 | 118 | ||||||
International Bank for Reconstruction & Development, 6.625%, 8/21/06 | 100 | 100 | 107 | 107 | ||||||
KFW International Finance, 4.75%, 1/24/07 | 100 | 100 | 104 | 104 | ||||||
Province of Manitoba | ||||||||||
2.75%, 1/17/06 | 4 | 4 | 4 | 4 | ||||||
5.50%, 10/1/08 | 4 | 4 | 4 | 4 | ||||||
7.50%, 2/22/10 | 4 | 100 | 104 | 5 | 118 | 123 | ||||
Province of New Brunswick, 3.50%, 10/23/07 | 4 | 4 | 4 | 4 | ||||||
Province of Newfoundland | ||||||||||
8.65%, 10/22/22 | 4 | 4 | 6 | 6 | ||||||
7.32%, 10/13/23 | 4 | 4 | 5 | 5 | ||||||
Province of Nova Scotia, 5.75%, 2/27/12 | 4 | 4 | 5 | 5 | ||||||
Province of Ontario | ||||||||||
2.63%, 12/15/05 | 4 | 4 | 4 | 4 | ||||||
3.13%, 5/2/08 | 4 | 4 | 4 | 4 | ||||||
3.50%, 9/17/07 | 4 | 100 | 104 | 4 | 101 | 105 | ||||
3.625%, 10/21/09 | 300 | 300 | 300 | 300 | ||||||
3.75%, 12/15/09 | 4 | 4 | 4 | 4 | ||||||
4.20%, 6/30/05 | 4 | 4 | 4 | 4 | ||||||
5.13%, 7/17/12 | 4 | 4 | 4 | 4 | ||||||
5.50%, 10/1/08 | 4 | 4 | 4 | 4 | ||||||
6.00%, 2/21/06 | 4 | 100 | 104 | 4 | 104 | 108 | ||||
7.00%, 8/4/05 | 4 | 4 | 4 | 4 |
Page B-138
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Province of Quebec | ||||||||
5.00%, 7/17/09 | 4 | 4 | 4 | 4 | ||||
5.50%, 4/11/06 | 4 | 4 | 4 | 4 | ||||
5.75%, 2/15/09 | 4 | 4 | 4 | 4 | ||||
6.13%, 1/22/11 | 4 | 4 | 5 | 5 | ||||
7.00%, 1/30/07 | 4 | 100 | 104 | 5 | 109 | 114 | ||
7.13%, 2/9/24 | 4 | 4 | 5 | 5 | ||||
7.50%, 7/15/23 | 4 | 4 | 5 | 5 | ||||
7.50%, 9/15/29 | 4 | 100 | 104 | 5 | 129 | 134 | ||
Province of Saskatchewan, 7.13%, 3/15/08 | 4 | 4 | 4 | 4 | ||||
Republic of Chile, 5.50%, 1/15/13 | 80 | 80 | 84 | 84 | ||||
Republic of Italy | ||||||||
2.50%, 3/31/06 | 250 | 250 | 250 | 250 | ||||
3.625%, 9/14/07 | 100 | 100 | 101 | 101 | ||||
4.38%, 10/25/06 | 24 | 24 | 25 | 25 | ||||
Republic of South Africa, 6.50%, 6/2/14 | 100 | 100 | 109 | 109 | ||||
Republic of South Korea, 8.875%, 4/15/08 | 100 | 100 | 118 | 118 | ||||
United Mexican States | ||||||||
6.375%, 1/16/13 | 100 | 100 | 106 | 106 | ||||
7.50%, 1/14/12 | 100 | 100 | 114 | 114 | ||||
9.875%, 2/1/10 | 100 | 100 | 124 | 124 | ||||
11.375%, 9/15/16 | 100 | 100 | 149 | 149 | ||||
Vodafone Group | ||||||||
6.65%, 5/1/08 | 10 | 10 | 11 | 11 | ||||
7.88%, 2/15/30 | 10 | 10 | 13 | 13 | ||||
Total Foreign Government Obligations & Agency Obligations (Cost $3,154) | 3,336 | |||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS (EXCLUDING MORTGAGE-BACKED) 37.5% | ||||||||
Federal Home Loan Bank | ||||||||
2.50%, 3/15/06 | 500 | 500 | 500 | 500 | ||||
2.875%, 9/15/06 | 500 | 500 | 501 | 501 | ||||
5.125%, 3/6/06 | 185 | 2,400 | 2,585 | 191 | 2,481 | 2,672 | ||
5.75%, 5/15/12 | 185 | 185 | 203 | 203 | ||||
5.80%, 9/2/08 | 1,000 | 1,000 | 1,087 | 1,087 |
Page B-139
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
Federal Home Loan Mortgage | ||||||||
1.875%, 2/15/06 | 500 | 500 | 496 | 496 | ||||
2.375%, 2/15/07 | 500 | 500 | 495 | 495 | ||||
2.75%, 3/15/08 | 275 | 275 | 271 | 271 | ||||
3.625%, 9/15/08 | 500 | 500 | 505 | 505 | ||||
4.50%, 7/15/13 - 1/15/14 | 1,250 | 1,250 | 1,262 | 1,262 | ||||
4.88%, 3/15/07 | 40 | 40 | 42 | 42 | ||||
5.25%, 1/15/06 | 100 | 100 | 103 | 103 | ||||
5.50%, 7/15/06 | 110 | 500 | 610 | 115 | 523 | 638 | ||
5.75%, 3/15/09 - 1/15/12 | 100 | 300 | 400 | 109 | 330 | 439 | ||
6.875%, 9/15/10 | 200 | 200 | 231 | 231 | ||||
7.00%, 7/15/05 | 150 | 970 | 1,120 | 174 | 1,002 | 1,176 | ||
Federal National Mortgage Assn. | ||||||||
2.00%, 1/15/06 | 500 | 500 | 497 | 497 | ||||
2.375%, 2/15/07 | 500 | 500 | 495 | 495 | ||||
4.25%, 7/15/07 | 60 | 60 | 62 | 62 | ||||
4.38%, 10/15/06 | 60 | 60 | 62 | 62 | ||||
5.00%, 1/15/07 | 97 | 97 | 101 | 101 | ||||
5.25%, 1/15/09 - 8/1/12 | 60 | 115 | 175 | 64 | 120 | 184 | ||
5.50%, 2/15/06 - 3/15/11 | 135 | 300 | 435 | 140 | 325 | 465 | ||
6.00%, 5/15/08 - 5/15/11 | 215 | 750 | 965 | 238 | 823 | 1,061 | ||
6.25%, 5/15/29 | 67 | 775 | 842 | 76 | 877 | 953 | ||
6.625%, 10/15/07 - 11/15/30 | 1,200 | 1,200 | 1,364 | 1,364 | ||||
6.63%, 9/15/09 | 100 | 100 | 113 | 113 | ||||
7.00%, 7/15/05 | 90 | 90 | 93 | 93 | ||||
7.25%, 1/15/10 | 90 | 650 | 740 | 105 | 757 | 862 | ||
Tennessee Valley Authority, 4.75%, 8/1/13 | 200 | 200 | 205 | 205 | ||||
U.S. Treasury Bonds | ||||||||
5.25%, 2/15/29 | 124 | 660 | 784 | 130 | 696 | 826 | ||
5.375%, 2/15/31 | 117 | 1,950 | 2,067 | 127 | 2,117 | 2,244 | ||
5.50%, 8/15/28 | 96 | 96 | 105 | 105 | ||||
6.00%, 2/15/26 | 164 | 925 | 1,089 | 189 | 1,068 | 1,257 | ||
6.13%, 11/15/27 | 123 | 123 | 145 | 145 | ||||
6.25%, 8/15/23 - 5/15/30 | 262 | 1,660 | 1,922 | 314 | 1,961 | 2,275 | ||
7.25%, 5/15/16 | 80 | 700 | 780 | 101 | 888 | 989 |
Page B-140
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
7.50%, 11/15/16 | 75 | 75 | 97 | 97 | ||||
8.50%, 2/15/20 | 12 | 12 | 17 | 17 | ||||
8.75%, 5/15/17 | 25 | 25 | 35 | 35 | ||||
9.25%, 2/15/16 | 20 | 20 | 29 | 29 | ||||
9.875%, 11/15/15 | 80 | 550 | 630 | 120 | 825 | 945 | ||
U.S. Treasury Notes | ||||||||
1.50%, 3/31/06 | 4,250 | 4,250 | 4,201 | 4,201 | ||||
1.875%, 12/31/05 | 2,700 | 2,700 | 2,688 | 2,688 | ||||
2.25%, 2/15/07 | 2,000 | 2,000 | 1,982 | 1,982 | ||||
2.38%, 8/31/06 | 360 | 360 | 359 | 359 | ||||
2.625%, 11/15/06 - 3/15/09 | 295 | 2,950 | 3,245 | 295 | 2,911 | 3,206 | ||
2.63%, 5/15/08 - 3/15/09 | 370 | 370 | 364 | 364 | ||||
2.75%, 6/30/06 - 8/15/07 | 150 | 1,600 | 1,750 | 150 | 1,605 | 1,755 | ||
3.00%, 11/15/07 - 2/15/09 | 362 | 500 | 862 | 364 | 497 | 861 | ||
3.125%, 4/15/09 | 2,000 | 2,000 | 1,994 | 1,994 | ||||
3.13%, 9/15/08 - 4/15/09 | 275 | 275 | 275 | 275 | ||||
3.25%, 8/15/07 | 195 | 195 | 198 | 198 | ||||
3.375%, 12/15/08 - 9/15/09 | 2,650 | 2,650 | 2,669 | 2,669 | ||||
3.50%, 8/15/09 | 145 | 145 | 147 | 147 | ||||
3.63%, 5/15/13 | 200 | 200 | 196 | 196 | ||||
3.88%, 2/15/13 | 185 | 185 | 185 | 185 | ||||
4.00%, 6/15/09 - 2/15/14 | 469 | 469 | 476 | 476 | ||||
4.25%, 11/15/13 - 8/15/14 | 535 | 3,700 | 4,235 | 546 | 3,773 | 4,319 | ||
4.38%, 5/15/07 - 8/15/12 | 180 | 180 | 187 | 187 | ||||
4.63%, 5/15/06 | 198 | 198 | 205 | 205 | ||||
4.75%, 11/15/08 - 5/15/14 | 360 | 360 | 382 | 382 | ||||
4.88%, 2/15/12 | 197 | 197 | 211 | 211 | ||||
5.00%, 2/15 - 8/15/11 | 353 | 353 | 381 | 381 | ||||
5.50%, 2/15/08 - 5/15/09 | 406 | 100 | 506 | 443 | 108 | 551 | ||
5.63%, 2/15/06 - 5/15/08 | 232 | 232 | 247 | 247 | ||||
5.75%, 11/15/05 - 8/15/10 | 338 | 338 | 366 | 366 | ||||
5.88%, 11/15/05 | 197 | 197 | 204 | 204 | ||||
6.00%, 8/15/09 | 159 | 159 | 178 | 178 | ||||
6.13%, 8/15/07 | 130 | 130 | 141 | 141 |
Page B-141
TD Waterhouse Bond Index Fund | ||
T. Rowe Price U.S. Bond Index Fund | ||
Pro Forma Combined Portfolio of Investments | ||
October 31, 2004 | ||
UNAUDITED |
Par/Shares (000’s) | Market Value (000’s) | |||||||
TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined ¹ | TD Waterhouse Bond Index Fund | TRP U.S. Bond Index Fund | Pro Forma Combined | |||
6.25%, 2/15/07 | 109 | 400 | 509 | 118 | 432 | 550 | ||
6.50%, 10/15/06 - 2/15/10 | 372 | 650 | 1,022 | 416 | 748 | 1,164 | ||
6.625%, 5/15/07 | 74 | 610 | 684 | 81 | 668 | 749 | ||
6.88%, 5/15/06 | 181 | 181 | 193 | 193 | ||||
7.00%, 7/15/06 | 137 | 137 | 147 | 147 | ||||
Total U.S. Government & Agency Obligations (excluding Mortgage-Backed) (Cost $56,609) | 57,833 | |||||||
COMMON STOCKS 0.8% | ||||||||
iShares Goldman Sachs Corp. Bond Fund | 6 | 6 | 692 | 692 | ||||
iShares Lehman Brothers Aggregate Bond Fund | 6 | 6 | 619 | 619 | ||||
Total Common Stock (Cost $1,278) | 1,311 | |||||||
MONEY MARKET FUNDS 5.0% | ||||||||
T. Rowe Price Reserve Investment Fund, 1.81% # | 7,785 | 7,785 | 7,785 | 7,785 | ||||
Total Money Market Funds (Cost $7,785) | ||||||||
Total Investments in Securities | ||||||||
104.1% of Net Assets (Cost $16,642, $140,225 and $156,867 respectively) | $16,973 | $143,662 | $160,635 | |||||
1 | All securities conform to the investment program of the T. Rowe Price U.S. Bond Index Fund. | |
# | Seven-day yield | |
144A | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers — total value of such securities at period-end amounts to $854 and represents 0.5% of net assets | |
CMO | Collateralized Mortgage Obligation | |
MTN | Medium Term Note | |
STEP | Stepped coupon bond for which the coupon rate of interest will adjust on specified future date(s) | |
TBA | To Be Announced security was purchased on a forward commitment basis | |
The accompanying notes are an integral part of these pro forma combined financial statements. | ||
Page B-142
T. ROWE PRICE INDEX TRUST, INC.
T. ROWE PRICE INTERNATIONAL INDEX FUND, INC.
T. ROWE PRICE U.S. BOND INDEX FUND, INC.
FORM N-14
PART B
STATEMENT OF ADDITIONAL INFORMATION
[ ], 2005
This Statement of Additional Information (the “SAI”) relates to the proposed reorganization (each a “Reorganization”) of each of the TD Waterhouse funds (the “TDW Funds”) referenced below, into the T. Rowe Price funds referenced below (the “Price Funds”), as set out in the following table:
| TDW Funds |
| Price Funds |
|
| ||
| TD Waterhouse Bond Index Fund |
| T. Rowe Price U.S. Bond Index Fund |
| TD Waterhouse Dow 30 Fund |
| T. Rowe Price Equity Index 500 Fund |
| TD Waterhouse 500 Index Fund |
| T. Rowe Price Equity Index 500 Fund |
| TD Waterhouse Extended Market Index Fund |
| T. Rowe Price Extended Equity Market Index Fund |
| TD Waterhouse Asian Pacific Index Fund |
| T. Rowe Price International Equity Index Fund |
| TD Waterhouse European Index Fund |
| T. Rowe Price International Equity Index Fund |
This SAI contains information which may be of interest to shareholders relating to each Reorganization, but which is not included in the Combined Proxy Statement and Prospectus dated [ ], 2005 (the “Combined Proxy Statement/Prospectus”) of the Price Funds and TDW Funds. As described in the Combined Proxy Statement/Prospectus, a Reorganization would involve the transfer of substantially all the assets of the TDW Fund in exchange for shares of the Price Fund. The TDW Fund would distribute the Price Fund shares it receives to its shareholders in complete liquidation of the TDW Fund.
This SAI is not a prospectus, and should be read in conjunction with the Combined Proxy Statement/Prospectus. This SAI and the Combined Proxy Statement/Prospectus have been filed with the Securities and Exchange Commission. Copies of the Combined Proxy Statement/Prospectus are available upon request and without charge by writing to TD Waterhouse Investor Services, Inc., Mutual Fund Services, P.O. Box 2630, Jersey City, New Jersey 07308-2630, or by calling 1-800-934-4448.
The Securities and Exchange Commission maintains a website (http://www.sec.gov) that contains the prospectuses and statements of additional information of the TDW Funds and Price Funds, other material incorporated by reference and other information regarding the TDW Funds and Price Funds.
Page B-143
TABLE OF CONTENTS
I. | Additional Information about the Price Funds and the TDW Funds | FILL IN | |
II. | Financial Statements of the Price Funds and the TDW Funds | FILL IN | |
III. | Pro Forma Combined Portfolio of Investments (Unaudited) |
| |
| a. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN |
| b. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN |
| c. | Pro Forma Combined Portfolio of Investments (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN |
IV. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) |
| |
| a. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN |
| b. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN |
| c. | Pro Forma Combined Statement of Assets and Liabilities (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN |
V. | Pro Forma Combined Statement of Operations (Unaudited) |
| |
| a. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund as of December 31, 2004 | FILL IN |
| b. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund as of October 31, 2004 | FILL IN |
| c. | Pro Forma Combined Statement of Operations (Unaudited) for the TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund as of October 31, 2004 | FILL IN |
VI. | Notes to Pro Forma Combined Financial Statements* (Unaudited) |
| |
| a. | TD Waterhouse Extended Market Index Fund and T. Rowe Price Extended Equity Market Index Fund | FILL IN |
| b. | TD Waterhouse Asian Pacific Index Fund, TD Waterhouse European Index Fund and T. Rowe Price International Equity Index Fund | FILL IN |
| c. | TD Waterhouse Bond Index Fund and T. Rowe Price U.S. Bond Index Fund | FILL IN |
* The accompanying notes are an integral part of the pro forma financial statements. |
Page B-144
ADDITIONAL INFORMATION ABOUT THE PRICE FUNDS AND THE TDW FUNDS
FOR THE PRICE FUNDS: Incorporates by reference the Statement of Additional Information for the Price Funds dated March 1, 2005, as supplemented, as filed with the Securities and Exchange Commission.
FOR THE TDW FUNDS: Incorporates by reference the Statement of Additional Information for the TDW Funds dated May 28, 2004, as supplemented, as filed with the Securities and Exchange Commission.
FINANCIAL STATEMENTS
This SAI incorporates by reference (i) the Annual Report of the T. Rowe Price Equity Index 500 Fund and T. Rowe Price Extended Equity Market Index Fund for the year ended December 31, 2004, (ii) the Annual Report of the T. Rowe Price International Equity Index Fund for the year ended October 31, 2004, (iii) the Annual Report of the T. Rowe Price U.S. Bond Index Fund for the year ended October 31, 2004, and (iv) the Annual Report of the TDW Funds for the year ended January 31, 2005. Each of these reports contains historical financial information regarding the Funds and has been filed with the Securities and Exchange Commission. The financial statements therein, and, in the case of the Annual Reports, the report of the independent registered public accounting firm therein, are incorporated herein by reference.
Pro forma financial statements of the TDW Funds and Price Funds are provided on the following pages.
Page B-145
TD WATERHOUSE EXTENDED MARKET INDEX FUND
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
PRO FORMA COMBINED STATEMENT OF ASSETS AND LIABILITIES
DECEMBER 31, 2004
UNAUDITED
Dollar amounts in thousands (except Net Asset Value per share)
|
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| ||||
|
|
|
|
|
| ||||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities, at cost |
| $ | 47,239 |
| $ | 161,714 |
|
|
|
| $ | 208,953 |
|
Net unrealized gain (loss) on securities |
|
| 6,704 |
|
| 28,608 |
|
|
|
|
| 35,312 |
|
|
|
|
|
|
|
|
| ||||||
Investments in securities, at value |
|
| 53,943 |
|
| 190,322 |
|
|
|
|
| 244,265 |
|
Other assets |
|
| 1,303 |
|
| 793 |
|
|
|
|
| 2,096 |
|
|
|
|
|
|
|
|
| ||||||
Total assets |
|
| 55,246 |
|
| 191,115 |
|
|
|
|
| 246,361 |
|
|
|
|
|
|
|
|
| ||||||
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
| 76 |
|
| 29,997 |
|
|
|
|
| 30,073 |
|
|
|
|
|
|
|
|
| ||||||
Total liabilities |
|
| 76 |
|
| 29,997 |
|
|
|
|
| 30,073 |
|
|
|
|
|
|
|
|
| ||||||
NET ASSETS |
| $ | 55,170 |
| $ | 161,118 |
|
|
|
| $ | 216,288 |
|
|
|
|
|
|
|
|
| ||||||
Net Assets Consist of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated net investment income – net of distributions |
| $ | (186 | ) | $ | 108 |
|
|
|
| $ | (78 | ) |
Accumulated net realized gain (loss) – net of distributions |
|
| 701 |
|
| (13,774 | ) |
|
|
|
| (13,073 | ) |
Net unrealized gain (loss) |
|
| 6,734 |
|
| 28,694 |
|
|
|
|
| 35,428 |
|
Paid-in-capital applicable to $0.00001 par value per share capital stock outstanding; 1,000,000,000 shares authorized |
|
|
|
|
| 146,090 |
|
|
|
|
| 146,090 |
|
Paid-in-capital applicable to no par value per share of beneficial interest; unlimited shares authorized |
|
| 47,921 |
|
|
|
|
|
|
|
| 47,921 |
|
|
|
|
|
|
|
|
| ||||||
NET ASSETS |
| $ | 55,170 |
| $ | 161,118 |
|
|
|
| $ | 216,288 |
|
|
|
|
|
|
|
|
| ||||||
FUND SHARES OUTSTANDING |
|
| 6,487,315 |
|
| 12,157,299 |
|
| (2,323,572 | ) |
| 16,321,042 |
|
|
|
|
|
|
| ||||||||
NET ASSET VALUE PER SHARE |
| $ | 8.50 |
| $ | 13.25 |
|
|
|
| $ | 13.25 |
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-146
TD WATERHOUSE ASIAN PACIFIC INDEX FUND
TD WATERHOUSE EUROPEAN INDEX FUND
T. ROWE PRICE INTERNATIONAL EQUITY INDEX FUND
PRO FORMA COMBINED STATEMENT OF ASSETS AND LIABILITIES
OCTOBER 31, 2004
UNAUDITED
Dollar amounts in thousands (except Net Asset Value per share)
|
| TD Waterhouse |
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| |||||
|
|
|
|
|
|
| ||||||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities, at cost |
| $ | 9,473 |
| $ | 9,915 |
| $ | 49,258 |
|
|
|
| $ | 68,646 |
|
Net unrealized gain (loss) on securities |
|
| 787 |
|
| 1,773 |
|
| 4,366 |
|
|
|
|
| 6,926 |
|
|
|
|
|
|
|
|
|
| ||||||||
Investments in securities, at value |
|
| 10,260 |
|
| 11,688 |
|
| 53,624 |
|
|
|
|
| 75,572 |
|
Other assets |
|
| 1,273 |
|
| 457 |
|
| 3,029 |
|
|
|
|
| 4,759 |
|
|
|
|
|
|
|
|
|
| ||||||||
Total assets |
|
| 11,533 |
|
| 12,145 |
|
| 56,653 |
|
|
|
|
| 80,331 |
|
|
|
|
|
|
|
|
|
| ||||||||
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
| 22 |
|
| 8 |
|
| 8,313 |
|
|
|
|
| 8,343 |
|
|
|
|
|
|
|
|
|
| ||||||||
Total liabilities |
|
| 22 |
|
| 8 |
|
| 8,313 |
|
|
|
|
| 8,343 |
|
|
|
|
|
|
|
|
|
| ||||||||
NET ASSETS |
| $ | 11,511 |
| $ | 12,137 |
| $ | 48,340 |
|
|
|
| $ | 71,988 |
|
|
|
|
|
|
|
|
|
| ||||||||
Net Assets Consist of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated net investment income - net of distributions |
| $ | 24 |
| $ | (18 | ) | $ | 630 |
|
|
|
| $ | 636 |
|
Accumulated net realized gain/loss - net of distributions |
|
| (2,358 | ) |
| (1,901 | ) |
| (479 | ) |
|
|
|
| (4,738 | ) |
Net unrealized gain (loss) |
|
| 807 |
|
| 1,788 |
|
| 4,367 |
|
|
|
|
| 6,962 |
|
Paid-in-capital applicable to $0.00001 par value per share capital stock outstanding; 1,000,000,000 shares authorized |
|
|
|
|
|
|
|
| 43,822 |
|
|
|
|
| 43,822 |
|
Paid-in-capital applicable to no par value per share of beneficial interest; unlimited shares authorized |
|
| 13,038 |
|
| 12,268 |
|
|
|
|
|
|
|
| 25,306 |
|
|
|
|
|
|
|
|
|
| ||||||||
NET ASSETS |
| $ | 11,511 |
| $ | 12,137 |
| $ | 48,340 |
|
|
|
| $ | 71,988 |
|
|
|
|
|
|
|
|
|
| ||||||||
FUND SHARES OUTSTANDING |
|
| 1,574,374 |
|
| 1,419,159 |
|
| 4,972,493 |
|
| (560,583 | ) |
| 7,405,443 |
|
|
|
|
|
|
|
| ||||||||||
NET ASSET VALUE PER SHARE |
| $ | 7.31 |
| $ | 8.55 |
| $ | 9.72 |
|
|
|
| $ | 9.72 |
|
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-147
TD WATERHOUSE BOND INDEX FUND
T. ROWE PRICE U.S. BOND INDEX FUND
PRO FORMA COMBINED STATEMENT OF ASSETS AND LIABILITIES
OCTOBER 31, 2004
UNAUDITED
Dollar amounts in thousands (except Net Asset Value per share)
|
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| ||||
|
|
|
|
|
| ||||||||
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities, at cost |
| $ | 16,642 |
| $ | 140,225 |
|
|
|
| $ | 156,867 |
|
Net unrealized gain (loss) on securities |
|
| 331 |
|
| 3,437 |
|
|
|
|
| 3,768 |
|
|
|
|
|
|
|
|
| ||||||
Investments in securities, at value |
|
| 16,973 |
|
| 143,662 |
|
|
|
|
| 160,635 |
|
Other assets |
|
| 266 |
|
| 2,184 |
|
|
|
|
| 2,450 |
|
|
|
|
|
|
|
|
| ||||||
Total assets |
|
| 17,239 |
|
| 145,846 |
|
|
|
|
| 163,085 |
|
|
|
|
|
|
|
|
| ||||||
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Other liabilities |
|
| 106 |
|
| 8,698 |
|
|
|
|
| 8,804 |
|
|
|
|
|
|
|
|
| ||||||
Total liabilities |
|
| 106 |
|
| 8,698 |
|
|
|
|
| 8,804 |
|
|
|
|
|
|
|
|
| ||||||
NET ASSETS |
| $ | 17,133 |
| $ | 137,148 |
|
|
|
| $ | 154,281 |
|
|
|
|
|
|
|
|
| ||||||
Net Assets Consist of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated net investment income – net of distributions |
| $ | — |
| $ | (62 | ) |
|
|
| $ | (62 | ) |
Accumulated net realized gain (loss) – net of distributions |
|
| (9 | ) |
| (11 | ) |
|
|
|
| (20 | ) |
Net unrealized gain (loss) |
|
| 331 |
|
| 3,437 |
|
|
|
|
| 3,768 |
|
Paid-in-capital applicable to $0.00001 par value per share capital stock outstanding; 2,000,000,000 shares authorized |
|
|
|
|
| 133,784 |
|
|
|
|
| 133,784 |
|
Paid-in-capital applicable to no par value per share of beneficial interest; unlimited shares authorized |
|
| 16,811 |
|
|
|
|
|
|
|
| 16,811 |
|
|
|
|
|
|
|
|
| ||||||
NET ASSETS |
| $ | 17,133 |
| $ | 137,148 |
|
|
|
| $ | 154,281 |
|
|
|
|
|
|
|
|
| ||||||
FUND SHARES OUTSTANDING |
|
| 1,596,398 |
|
| 12,684,940 |
|
| (11,449 | ) |
| 14,269,889 |
|
|
|
|
|
|
| ||||||||
NET ASSET VALUE PER SHARE |
| $ | 10.73 |
| $ | 10.81 |
|
|
|
| $ | 10.81 |
|
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-148
TD WATERHOUSE EXTENDED MARKET INDEX FUND
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
PRO FORMA COMBINED STATEMENT OF OPERATIONS
YEAR ENDED DECEMBER 31, 2004
UNAUDITED
Amounts in thousands
|
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| ||||
|
|
|
|
|
| ||||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend |
| $ | 467 |
| $ | 1,594 |
|
|
|
| $ | 2,061 |
|
Security Lending |
|
| — |
|
| 72 |
|
|
|
|
| 72 |
|
Interest |
|
| 1 |
|
| 8 |
|
|
|
|
| 9 |
|
|
|
|
|
|
|
|
| ||||||
Total income |
|
| 468 |
|
| 1,674 |
|
|
|
|
| 2,142 |
|
|
|
|
|
|
|
|
| ||||||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment management and administrative |
|
| 155 |
|
| 546 |
| $ | 66 | Note 2A |
| 767 |
|
Shareholder servicing |
|
| 116 |
|
|
|
|
| (116) | Note 2B |
| — |
|
Custody |
|
| 1 |
|
|
|
|
| (1) | Note 2B |
| — |
|
Prospectus and shareholder reports |
|
| 22 |
|
|
|
|
| (22) | Note 2B |
| — |
|
Legal and audit |
|
| 63 |
|
|
|
|
| (63) | Note 2B |
| — |
|
Registration |
|
| 23 |
|
|
|
|
| (23) | Note 2B |
| — |
|
Trustees |
|
| 10 |
|
|
|
|
| (10) | Note 2B |
| — |
|
Miscellaneous |
|
| 14 |
|
|
|
|
| (14) | Note 2B |
| — |
|
Reduction of fees and expenses reimbursed by the manager and its affiliates |
|
| (249 | ) |
|
|
|
| 249 | Note 2C |
| — |
|
|
|
|
|
|
|
|
| ||||||
Total expenses |
|
| 155 |
|
| 546 |
|
| 66 |
|
| 767 |
|
|
|
|
|
|
| ||||||||
Net investment income |
|
| 313 |
|
| 1,128 |
|
| (66) |
|
| 1,375 |
|
|
|
|
|
|
| ||||||||
Realized and Unrealized Gain (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities |
|
| 941 |
|
| 3,198 |
|
|
|
|
| 4,139 |
|
Futures |
|
| — |
|
| 514 |
|
|
|
|
| 514 |
|
|
|
|
|
|
|
|
| ||||||
Net realized gain (loss) |
|
| 941 |
|
| 3,712 |
|
|
|
|
| 4,653 |
|
|
|
|
|
|
|
|
| ||||||
Change in net unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities |
|
| 6,389 |
|
| 19,338 |
|
|
|
|
| 25,727 |
|
Futures |
|
| — |
|
| (35 | ) |
|
|
|
| (35 | ) |
|
|
|
|
|
|
|
| ||||||
Change in net unrealized gain (loss) |
|
| 6,389 |
|
| 19,303 |
|
|
|
|
| 25,692 |
|
|
|
|
|
|
|
|
| ||||||
Net realized and unrealized gain (loss) |
|
| 7,330 |
|
| 23,015 |
|
|
|
|
| 30,345 |
|
|
|
|
|
|
|
|
| ||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS |
| $ | 7,643 |
| $ | 24,143 |
| $ | (66) |
| $ | 31,720 |
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-149
TD WATERHOUSE ASIAN PACIFIC INDEX FUND
TD WATERHOUSE EUROPEAN INDEX FUND
T. ROWE PRICE INTERNATIONAL EQUITY INDEX FUND
PRO FORMA COMBINED STATEMENT OF OPERATIONS
YEAR ENDED OCTOBER 31, 2004
UNAUDITED
Amounts in thousands
|
| TD Waterhouse |
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| |||||
|
|
|
|
|
|
| ||||||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend |
| $ | 140 |
| $ | 274 |
| $ | 829 |
|
|
|
| $ | 1,243 |
|
Security lending |
|
| — |
|
| — |
|
| 16 |
|
|
|
|
| 16 |
|
|
|
|
|
|
|
|
|
| ||||||||
Total income |
|
| 140 |
|
| 274 |
|
| 845 |
|
|
|
|
| 1,259 |
|
|
|
|
|
|
|
|
|
| ||||||||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment management and administrative |
|
| 45 |
|
| 50 |
|
| 171 |
| $ | 24 | Note 2A, 2B |
| 290 |
|
Shareholder servicing |
|
| 26 |
|
| 30 |
|
|
|
|
| (56) | Note 2C |
| — |
|
Custody |
|
| 27 |
|
| 93 |
|
|
|
|
| (120) | Note 2C |
| — |
|
Prospectus and shareholder reports |
|
| 7 |
|
| 11 |
|
|
|
|
| (18) | Note 2C |
| — |
|
Legal and audit |
|
| 37 |
|
| 38 |
|
|
|
|
| (75) | Note 2C |
| — |
|
Registration |
|
| 18 |
|
| 20 |
|
|
|
|
| (38) | Note 2C |
| — |
|
Trustees |
|
| 9 |
|
| 8 |
|
|
|
|
| (17) | Note 2C |
| — |
|
Miscellaneous |
|
| 17 |
|
| 23 |
|
|
|
|
| (40) | Note 2C |
| — |
|
Reduction of fees and expenses reimbursed by the manager and its affiliates |
|
| (134 | ) |
| (215 | ) |
|
|
|
| 349 | Note 2D, 2E |
| — |
|
|
|
|
|
|
|
|
|
| ||||||||
Total expenses |
|
| 52 |
|
| 58 |
|
| 171 |
|
| 9 |
|
| 290 |
|
|
|
|
|
|
|
| ||||||||||
Net investment income |
|
| 88 |
|
| 216 |
|
| 674 |
|
| (9) |
|
| 969 |
|
|
|
|
|
|
|
| ||||||||||
Realized and Unrealized Gain (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities |
|
| 71 |
|
| 108 |
|
| 57 |
|
|
|
|
| 236 |
|
Foreign currency transactions |
|
| (45 | ) |
| (8 | ) |
| (15 | ) |
|
|
|
| (68 | ) |
|
|
|
|
|
|
|
|
| ||||||||
Net realized gain (loss) |
|
| 26 |
|
| 100 |
|
| 42 |
|
|
|
|
| 168 |
|
|
|
|
|
|
|
|
|
| ||||||||
Change in net unrealized gain (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities |
|
| 576 |
|
| 1,454 |
|
| 4,063 |
|
|
|
|
| 6,093 |
|
Other assets and liabilities denominated in foreign currencies |
|
| 51 |
|
| 13 |
|
| (1 | ) |
|
|
|
| 63 |
|
|
|
|
|
|
|
|
|
| ||||||||
Change in net unrealized gain (loss) |
|
| 627 |
|
| 1,467 |
|
| 4,062 |
|
|
|
|
| 6,156 |
|
|
|
|
|
|
|
|
|
| ||||||||
Net realized and unrealized gain (loss) |
|
| 653 |
|
| 1,567 |
|
| 4,104 |
|
|
|
|
| 6,324 |
|
|
|
|
|
|
|
|
|
| ||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS |
| $ | 741 |
| $ | 1,783 |
| $ | 4,778 |
| $ | (9) |
| $ | 7,293 |
|
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-150
TD WATERHOUSE BOND INDEX FUND
T. ROWE PRICE U.S. BOND INDEX FUND
PRO FORMA COMBINED STATEMENT OF OPERATIONS
YEAR ENDED OCTOBER 31, 2004
UNAUDITED
Amounts in thousands
|
| TD Waterhouse |
| T. Rowe Price |
| Pro Forma |
| Pro Forma |
| ||||
|
|
|
|
|
| ||||||||
Investment Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
| $ | 614 |
| $ | 4,161 |
|
|
|
| $ | 4,775 |
|
Dividend |
|
| 51 |
|
| 125 |
|
|
|
|
| 176 |
|
|
|
|
|
|
|
|
| ||||||
Total income |
|
| 665 |
|
| 4,286 |
|
|
|
|
| 4,951 |
|
|
|
|
|
|
|
|
| ||||||
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment management and administrative |
|
| 64 |
|
| 311 |
| $ | (16) | Note 2A |
| 359 |
|
Shareholder servicing |
|
| 48 |
|
|
|
|
| (48) | Note 2A |
| — |
|
Custody |
|
| 13 |
|
|
|
|
| (13) | Note 2A |
| — |
|
Prospectus and shareholder reports |
|
| 16 |
|
|
|
|
| (16) | Note 2A |
| — |
|
Legal and audit |
|
| 44 |
|
|
|
|
| (44) | Note 2A |
| — |
|
Registration |
|
| 18 |
|
|
|
|
| (18) | Note 2A |
| — |
|
Trustees |
|
| 9 |
|
|
|
|
| (9) | Note 2A |
| — |
|
Miscellaneous |
|
| 34 |
|
|
|
|
| (34) | Note 2A |
| — |
|
Reduction of fees and expenses reimbursed by the manager and its affiliates |
|
| (190 | ) |
|
|
|
| 190 | Note 2B |
| — |
|
|
|
|
|
|
|
|
| ||||||
Total expenses |
|
| 56 |
|
| 311 |
|
| (8) |
|
| 359 |
|
|
|
|
|
|
| ||||||||
Net investment income |
|
| 609 |
|
| 3,975 |
|
| 8 |
|
| 4,592 |
|
|
|
|
|
|
| ||||||||
Realized and Unrealized Gain (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) on securities |
|
| 12 |
|
| 242 |
|
|
|
|
| 254 |
|
Change in net unrealized gain or loss on securities |
|
| 122 |
|
| 687 |
|
|
|
|
| 809 |
|
|
|
|
|
|
|
|
| ||||||
Net realized and unrealized gain (loss) |
|
| 134 |
|
| 929 |
|
|
|
|
| 1,063 |
|
|
|
|
|
|
|
|
| ||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS |
| $ | 743 |
| $ | 4,904 |
| $ | 8 |
| $ | 5,655 |
|
|
|
|
|
|
|
The accompanying notes are an integral part of these pro forma combined financial statements.
Page B-151
TD WATERHOUSE EXTENDED MARKET INDEX FUND
T. ROWE PRICE EXTENDED EQUITY MARKET INDEX FUND
NOTES TO PRO FORMA COMBINED FINANCIAL STATEMENTS
December 31, 2004
Unaudited
Note 1 - Basis of Presentation
Subject to approval of the Agreement and Plan of Reorganization (“Agreement”) by the shareholders of TD Waterhouse Extended Market Index Fund (TDX), T. Rowe Price Extended Equity Market Index Fund (XMX), a series of T. Rowe Price Index Trust, Inc., would acquire substantially all of the assets of TDX in exchange for shares of XMX at the net asset value as of the Valuation Date as defined in the Agreement. Shares of XMX would then be distributed such that shareholders of TDX will receive XMX shares having an aggregate net asset value equal to the aggregate net asset value of their TDX shares. TDX will be liquidated thereafter. The proposed merger is intended to qualify as a tax-free reorganization for federal income tax purposes, with no gain or loss recognized by the funds or their shareholders.
The pro forma information is intended to provide the shareholders of TDX and XMX with information about the impact of the proposed merger by showing how it might have affected historical financial statements if the transactions had been consummated at an earlier date. The pro forma combined Portfolio of Investments and Statement of Assets and Liabilities as of December 31, 2004 have been presented as if the proposed merger had taken place on December 31, 2004, and the pro forma combined Statement of Operations for the year ended December 31, 2004 has been presented as if the proposed merger had taken place on January 1, 2004. This information is based upon historical financial statement data giving effect to the pro forma adjustments described below. The pro forma financial statements should be read in conjunction with the separate financial statements of TDX and XMX, which are incorporated by reference into this Statement of Additional Information.
Note 2 - Pro Forma Adjustments
The pro forma combined Statement of Operations reflects the following adjustments:
| A) | An increase in management and administrative expense reflecting the difference between the TDX management fee rate of 0.30% and the XMX all-inclusive fee rate of 0.40%. |
|
|
|
| B) | A decrease in expense reflecting the all-inclusive nature of the management and administrative fee paid by XMX, in lieu of operating expenses. |
|
|
|
| C) | A decrease in the amount of expense reimbursed by the respective manager reflecting the all-inclusive fee arrangement of XMX. |
|
|
|
| D) | A decrease in the amount of shares outstanding as a result of the change in net asset value per share between TDX and XMX. |
Page B-152
TD WATERHOUSE ASIAN PACIFIC INDEX FUND
TD WATERHOUSE EUROPEAN INDEX FUND
T. ROWE PRICE INTERNATIONAL EQUITY INDEX FUND
NOTES TO PRO FORMA COMBINED FINANCIAL STATEMENTS
OCTOBER 31, 2004
Unaudited
Note 1 - Basis of Presentation
Subject to approval of the Agreement and Plan of Reorganization (“Agreement”) by the shareholders of TD Waterhouse Asian Pacific Index Fund (TDA) and TD Waterhouse European Index Fund (TDE), T. Rowe Price International Equity Index Fund (IXF), a series of T. Rowe Price International Index Fund, Inc., would acquire substantially all of the assets of TDA and TDE in exchange for shares of IXF at the net asset value as of the Valuation Date as defined in the Agreement. Shares of IXF would then be distributed such that shareholders of TDA and TDE will receive IXF shares having an aggregate net asset value equal to the aggregate net asset value of their respective TDA and TDE shares. TDA and TDE will be liquidated thereafter. The proposed mergers are intended to qualify as tax-free reorganizations for federal income tax purposes, with no gain or loss recognized by the funds or their shareholders. The proposed mergers of TDA and TDE with IXF are not contingent upon approval by the other fund.
The pro forma information is intended to provide the shareholders of TDA, TDE, and IXF with information about the impact of the proposed mergers by showing how the mergers might have affected historical financial statements if the transactions had been consummated at an earlier date. The pro forma combined Portfolios of Investments and Statements of Assets and Liabilities as of October 31, 2004 have been presented as if the proposed mergers had taken place on October 31, 2004, and the pro forma combined Statements of Operations for the year ended October 31, 2004 have been presented as if the proposed mergers had taken place on November 1, 2003. This information is based upon historical financial statement data giving effect to the pro forma adjustments described below. The pro forma financial statements should be read in conjunction with the separate financial statements of TDA, TDE, and IXF, which are incorporated by reference into this Statement of Additional Information.
Note 2 - Pro Forma Adjustments
The pro forma combined Statements of Operations reflect the following adjustments: | ||
| A) | An increase in management and administrative expense reflecting the difference between the TDA management fee rate of 0.40% and the IXF all-inclusive fee rate of 0.50%. |
|
|
|
| B) | An increase in management and administrative expense reflecting the difference between the TDE management fee rate of 0.40% and the IXF all-inclusive fee rate of 0.50%. |
|
|
|
| C) | A decrease in expense reflecting the all-inclusive nature of the management and administrative fee paid by IXF, in lieu of operating expenses. |
|
|
|
| D) | A decrease in the amount of expense reimbursed by the respective manager reflecting: |
|
| (i) the all-inclusive fee arrangement of IXF; and |
|
| (ii) the difference between the IXF all-inclusive fee rate of 0.50% and the TDA expense limitation of 0.58%. |
|
|
|
| E) | A decrease in the amount of expense reimbursed by the respective manager reflecting: |
|
| (i) the all-inclusive fee arrangement of IXF; and |
|
| (ii) the difference between the IXF all-inclusive fee rate of 0.50% and the TDE expense limitation of 0.58%. |
|
|
|
| F) | A decrease in the amount of shares outstanding as a result of the change in net asset value per share between TDA, TDE and IXF. |
Page B-153
TD WATERHOUSE BOND INDEX FUND
T. ROWE PRICE U.S. BOND INDEX FUND
NOTES TO PRO FORMA COMBINED FINANCIAL STATEMENTS
OCTOBER 31, 2004
Unaudited
Note 1 - Basis of Presentation
Subject to approval of the Agreement and Plan of Reorganization (“Agreement”) by the shareholders of TD Waterhouse Bond Index Fund (TDB), T. Rowe Price U.S. Bond Index Fund, Inc. (UBX) would acquire substantially all of the assets of TDB in exchange for shares of UBX at the net asset value as of the Valuation Date as defined in the Agreement. Shares of UBX would then be distributed such that shareholders of TDB will receive UBX shares having an aggregate net asset value equal to the aggregate net asset value of their TDB shares. TDB will be liquidated thereafter. The proposed merger is intended to qualify as a tax-free reorganization for federal income tax purposes, with no gain or loss recognized by the funds or their shareholders.
The pro forma information is intended to provide the shareholders of TDB and UBX with information about the impact of the proposed merger by showing how it might have affected historical financial statements if the transaction had been consummated at an earlier date. The pro forma combined Portfolio of Investments and Statement of Assets and Liabilities as of October 31, 2004 have been presented as if the proposed merger had taken place on October 31, 2004, and the pro forma combined Statement of Operations for the year ended October 31, 2004 has been presented as if the proposed merger had taken place on November 1, 2003. This information is based upon historical financial statement data giving effect to the pro forma adjustments described below. The pro forma financial statements should be read in conjunction with the separate financial statements of TDB and UBX, which are incorporated by reference into this Statement of Additional Information.
Note 2 - Pro Forma Adjustments
The pro forma combined Statement of Operations reflects the following adjustments:
| A) | A decrease in expense reflecting the all-inclusive nature of the management and administrative fee paid by UBX, in lieu of operating expenses. |
|
|
|
| B) | A decrease in the amount of expense reimbursed by the respective manager reflecting: |
|
| (i) the all-inclusive fee arrangement of UBX; and |
|
| (ii) the difference between the UBX all-inclusive fee rate of 0.30% and the TDB expense limitation of 0.35%. |
|
|
|
| C) | A decrease in the amount of shares outstanding as a result of the change in net asset value per share between TDB and UBX. |
Page B-154
PART C
OTHER INFORMATION
ITEM 15. INDEMNIFICATION
Each of the Registrants maintains comprehensive Errors and Omissions and Officers and Directors insurance policies written by ICI Mutual. These policies provide coverage for T. Rowe Price Associates, Inc. (“Manager”), and its subsidiaries and affiliates (with the exception of the T. Rowe Price Associates Foundation, Inc.), and all other investment companies in the T. Rowe Price family of mutual funds. In addition to the corporate insureds, the policies also cover the officers, directors, and employees of the Manager, its subsidiaries, and affiliates. The premium is allocated among the named corporate insureds in accordance with the provisions of Rule 17d-1(d)(7) under the Investment Company Act of 1940. |
General. The Charter of each Registrant provides that to the fullest extent permitted by Maryland or federal law, no director or officer of the Corporation shall be personally liable to the Corporation or the holders of Shares for money damages and each director and officer shall be indemnified by the Corporation; provided, however, that nothing therein shall be deemed to protect any director or officer of the Corporation against any liability to the Corporation of the holders of Shares to which such director or officer would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office. |
Article X, Section 10.01 of each Registrant’s By-Laws provides as follows: |
Section 10.01. Indemnification and Payment of Expenses in Advance: The Corporation shall indemnify any individual (“Indemnitee”) who is a present or former director, officer, employee, or agent of the Corporation, or who is or has been serving at the request of the Corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, who, by reason of his position was, is, or is threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative (hereinafter collectively referred to as a “Proceeding”) against any judgments, penalties, fines, settlements, and reasonable expenses (including attorneys’ fees) incurred by such Indemnitee in connection with any Proceeding, to the fullest extent that such indemnification may be lawful under Maryland law. The Corporation shall pay any reasonable expenses so incurred by such Indemnitee in defending a Proceeding in advance of the final disposition thereof to the fullest extent that such advance payment may be lawful under Maryland law. Subject to any applicable limitations and requirements set forth in the Corporation’s Articles of Incorporation and in these By-Laws, any payment of indemnification or advance of expenses shall be made in accordance with the procedures set forth in Maryland law. |
Notwithstanding the foregoing, nothing herein shall protect or purport to protect any Indemnitee against any liability to which he would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence, or reckless disregard of the duties involved in the conduct of his office (“Disabling Conduct”). |
Anything in this Article X to the contrary notwithstanding, no indemnification shall be made by the Corporation to any Indemnitee unless: |
(a) there is a final decision on the merits by a court or other body before whom the Proceeding was brought that the Indemnitee was not liable by reason of Disabling Conduct; or |
(b) in the absence of such a decision, there is a reasonable determination, based upon a review of the facts, that the Indemnitee was not liable by reason of Disabling Conduct, which determination shall be made by: |
1
(i) the vote of a majority of a quorum of directors who are neither “interested persons” of the Corporation as defined in Section 2(a)(19) of the Investment Company Act, nor parties to the Proceeding; or |
(ii) an independent legal counsel in a written opinion. |
Anything in this Article X to the contrary notwithstanding, any advance of expenses by the Corporation to any Indemnitee shall be made only upon the undertaking by such Indemnitee to repay the advance unless it is ultimately determined that such Indemnitee is entitled to indemnification as above provided, and only if one of the following conditions is met: |
(a) the Indemnitee provides a security for his undertaking; or |
(b) the Corporation shall be insured against losses arising by reason of any lawful advances; or |
(c) there is a determination, based on a review of readily available facts, that there is reason to believe that the Indemnitee will ultimately be found entitled to indemnification, which determination shall be made by: |
(i) a majority of a quorum of directors who are neither “interested persons” of the Corporation as defined in Section 2(a)(19) of the Investment Company Act, nor parties to the Proceeding; or |
(ii) an independent legal counsel in a written opinion. |
Section 10.02. Insurance of Officers, Directors, Employees, and Agents. To the fullest extent permitted by applicable Maryland law and by Section 17(h) of the Investment Company Act of 1940, as from time to time amended, the Corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the Corporation, or who is or was serving at the request of the Corporation as a director, officer, employee, or agent of another corporation, partnership, joint venture, trust, or other enterprise, against any liability asserted against him and incurred by him in or arising out of his position, whether or not the Corporation would have the power to indemnify him against such liability. |
Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers, and controlling persons of each Registrant pursuant to the foregoing provisions, or otherwise, each Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by a Registrant of expenses incurred or paid by a director, officer, or controlling person of a Registrant in the successful defense of any action, suit, or proceeding) is asserted by such director, officer, or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
ITEM 16. EXHIBITS
T. Rowe Price Index Trust, Inc.
(1)(a) | Articles of Incorporation of Registrant, dated December 19, 1989 (electronically filed with Amendment No. 9 dated April 22, 1997) |
(b) | Amended Articles of Incorporation of Registrant, dated February 20, 1990 (electronically filed with Amendment No. 8 dated February 28, 1994) |
2
(c) | Articles of Amendment dated May 1, 1991 (electronically filed with Amendment No. 9 dated April 22, 1997) |
(d) | Articles of Amendment dated January 30, 1998 (electronically filed with Amendment No. 14 dated February 22, 1999) |
(e) | Articles Supplementary, for T. Rowe Price Extended Equity Market Index Fund and T. Rowe Price Total Equity Market Index Fund dated December 3, 1997 (electronically filed with Amendment No. 14 dated February 22, 1999) |
(2) | By-Laws of Registrant, amended to April 19, 1990, May 1, 1991, July 21, 1999, |
(3) | See “All Funds” below |
(4) | See “All Funds” below |
(5) | See Article FIFTH, Capital Stock, paragraphs (B)-(E) of the Articles of Incorporation and Article II, Shareholders, in its entirety, and Article VIII, Capital Stock, in its entirety, of the Bylaws (Articles of Incorporation: electronically filed with Amendment No. 9 dated April 22, 1997; By-Laws amended to April 19, 1990, May 1, 1991, July 21, 1999, February 5, 2003, and April 21, 2004, to be filed by amendment) |
(6)(a) | Investment Management Agreement between the Registrant on behalf of the Registrant and T. Rowe Price Associates, Inc., dated May 1, 1991 (electronically filed with Amendment No. 8 dated February 28, 1994) |
(b) | Investment Management Agreement between the Registrant on behalf of T. Rowe Price Extended Equity Market Index Fund and T. Rowe Price Associates, Inc., dated January 21, 1998 (electronically filed with Amendment No. 14 dated February 22, 1999) |
(7)(a) | Underwriting Agreement between the Registrant on behalf of T. Rowe Price Equity Index 500 Fund and T. Rowe Price Investment Services, Inc., dated March 6, 2002 (electronically filed with Amendment No. 17, dated April 18, 2002) |
(b) | Underwriting Agreement between the Registrant on behalf of T. Rowe Price Extended Equity Index Fund and T. Rowe Price Investment Services, Inc., dated March 6, 2002 (electronically filed with Amendment No. 17, dated April 18, 2002) |
(8) | See “All Funds” below |
(9) | Custodian Agreement between T. Rowe Price Funds and State Street Bank and Trust Company, dated January 28, 1998, as amended November 4, 1998, April 21, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25, 2000, February 7, 2001, June 7, 2001, July 24, 2001, April 24, 2002, July 24, 2002, September 4, 2002, July 23, 2003, October 22, 2003, and February 4, 2004 (electronically filed with Amendment No. 19 on April 22, 2004) |
(10) | See “All Funds” below |
(11) | See “All Funds” below |
(12) | See “All Funds” below |
(13)(a) | Transfer Agency and Service Agreement between T. Rowe Price Services, Inc. and T. Rowe Price Funds, dated January 1, 2004 (electronically filed with Amendment No. 19 on April 22, 2004) |
3
(b) | Agreement between T. Rowe Price Associates, Inc. and T. Rowe Price Funds for Fund Accounting Services, dated January 1, 2004 (electronically filed with Amendment No. 19 on April 22, 2004) |
(c) | Agreement between T. Rowe Price Retirement Plan Services, Inc. and the T. Rowe Price Funds, dated January 1, 2004 (electronically filed with Amendment No. 19 on April 22, 2004) |
(14) | See “All Funds” below |
(15) | See “All Funds” below |
(16) | Power of Attorney (electronically filed with Amendment No. 19 on April 22, 2004) |
(17) | See “All Funds” below |
T. Rowe Price International Index Fund, Inc.
(1)(a) | Articles of Incorporation of Registrant, dated August 3, 2000 (electronically filed August 31, 2000) |
(b) | Amended Articles of Incorporation of Registrant, dated August 14, 2000 (filed electronically with initial registration statement, August 31, 2000) |
(c) | Articles Supplementary dated October 25, 2000(filed electronically with Amendment No. 1, October 27, 2000) |
(2) | By-Laws of Registrant as amended February 5, 2003 and April 21, 2004 (electronically filed with Amendment No. 6 dated February 25, 2005) |
(3) | See “All Funds” below |
(4) | See “All Funds” below |
(5) | See Article SIXTH, Capital Stock, subparagraphs (b)-(g) of the Articles of Incorporation and Article II, Shareholders, in its entirety, and Article VIII, Capital Stock, in its entirety, of the Bylaws (electronically filed with Amendment No. 6 dated February 25, 2005) |
(6) | Investment Management Agreement between Registrant and T. Rowe Price Associates, Inc. (filed electronically with Amendment No. 1, October 27, 2000) |
(7) | Underwriting Agreement between Registrant and T. Rowe Price Investment Services, Inc., dated March 6, 2002 (electronically filed with Amendment No. 4 dated February 27, 2003) |
(8) | See “All Funds” below |
(9)(a) | Custodian Agreement between T. Rowe Price Funds and State Street Bank and Trust Company, dated January 28, 1998, as amended November 4, 1998, April 21, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25, 2000, February 7, 2001, June 7, 2001,July 24, 2001, April 24, 2002, July 24, 2002, September 4, 2002, July 23, 2003, October 22, 2003, February 4, 2004, and September 20, 2004 (electronically filed with Amendment No. 6 on February 25, 2005) |
4
(b) | Global Custody Agreement between The Chase Manhattan Bank and T. Rowe Price Funds, dated January 3, 1994, as amended April 18, 1994, August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31, 1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998, October 6, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25, 2000, July 24, 2001, April 24, 2002, July 24, 2002, July 23, 2003, October 22, 2003, and September 20, 2004 (electronically filed with Amendment No. 6 on February 25, 2005) |
(10) | See “All Funds” below |
(11) | See “All Funds” below |
(12) | See “All Funds” below |
(13)(a) | Transfer Agency and Service Agreement between T. Rowe Price Services, Inc. and T. Rowe Price Funds, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 6 on February 25, 2005) |
(b) | Agreement between T. Rowe Price Associates, Inc. and T. Rowe Price Funds for Fund Accounting Services, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 6 on February 25, 2005) |
(c) | Agreement between T. Rowe Price Retirement Plan Services, Inc. and the T. Rowe Price Funds, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 6 on February 25, 2005) |
(14) | See “All Funds” below |
(15) | See “All Funds” below |
(16) | Power of Attorney (electronically filed with Amendment No. 6 on February 25, 2005) |
(17) | See “All Funds” below |
T. Rowe Price U.S. Bond Index Fund, Inc.
(1) | Articles of Incorporation of Registrant, dated July 14, 2000 (electronically filed with Initial Registration Statement dated September 1, 2000) |
(2) | By-Laws of Registrant as amended February 5, 2003 and April 21, 2004 (electronically filed with Amendment No. 5 dated February 25, 2005) |
(3) | See “All Funds” below |
(4) | See “All Funds” below |
(5) | See Article SIXTH, Capital Stock, subparagraphs (b)-(g) of the Articles of Incorporation and Article II, Shareholders, in its entirety, and Article VIII, Capital Stock, in its entirety, of the Bylaws (electronically filed with Amendment No. 5 dated February 25, 2005) |
(6) | Investment Management Agreement between Registrant and T. Rowe Price Associates, Inc. (electronically filed with Initial Registration Statement dated September 1, 2000) |
(7) | Underwriting Agreement between Registrant and T. Rowe Price Investment Services, Inc., dated March 6, 2002 (electronically filed with Amendment No. 3 dated February 27, 2003) |
5
(8) | See “All Funds” below |
(9)(a) | Custodian Agreement between T. Rowe Price Funds and State Street Bank and Trust Company, dated January 28, 1998, as amended November 4, 1998, April 21, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25, 2000, February 7, 2001, June 7, 2001, July 24, 2001, April 24, 2002, July 24, 2002, September 4, 2002, July 23, 2003, October 22, 2003, February 4, 2004, and September 20, 2004 (electronically filed with Amendment No. 5 on February 25, 2005) |
(b) | Global Custody Agreement between The Chase Manhattan Bank and T. Rowe Price Funds, dated January 3, 1994, as amended April 18, 1994, August 15, 1994, November 28, 1994, May 31, 1995, November 1, 1995, July 31, 1996, July 23, 1997, September 3, 1997, October 29, 1997, December 15, 1998, October 6, 1999, February 9, 2000, April 19, 2000, July 18, 2000, October 25, 2000, July 24, 2001, April 24, 2002, July 24, 2002, July 23, 2003, October 22, 2003, and September 20, 2004 (electronically filed with Amendment No. 5 on February 25, 2005) |
(10) | See “All Funds” below |
(11) | See “All Funds” below |
(12) | See “All Funds” below |
(13)(a) | Transfer Agency and Service Agreement between T. Rowe Price Services, Inc. and T. Rowe Price Funds, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 5 on February 25, 2005) |
(b) | Agreement between T. Rowe Price Associates, Inc. and T. Rowe Price Funds for Fund Accounting Services, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 5 on February 25, 2005) |
(c) | Agreement between T. Rowe Price Retirement Plan Services, Inc. and the T. Rowe Price Funds, dated January 1, 2004, as amended February 4, 2004, September 20, 2004, and October 20, 2004 (electronically filed with Amendment No. 5 on February 25, 2005) |
(14) | See “All Funds” below |
(15) | See “All Funds” below |
(16) | Power of Attorney (electronically filed with Amendment No. 5 on February 25, 2005) |
(17) | See “All Funds” below |
All Funds
(3) | Inapplicable |
(4) | Form of Agreement and Plans of Reorganization filed herewith as Exhibit I to Combined Proxy Statement and Prospectus |
(8) | Inapplicable |
6
(10) | Inapplicable |
(11) | Opinion and Consent of counsel- Henry H. Hopkins, Esq., filed herewith |
(12) | Opinion and Consent of counsel- Shearman & Sterling LLP, regarding certain tax matters, (to be filed by amendment) |
(14) (a) | Consent of Independent Registered Public Accounting Firm, Ernst Young LLP filed herewith |
(b) | Consent of Independent Registered Public Accounting Firm, PricewaterhouseCoppers LLP filed herewith |
(15) | None |
(17) | Forms of Proxy Ballot, filed herewith |
ITEM 17. UNDERTAKINGS
(1) The undersigned registrants agree that prior to any public reoffering of the securities registered through the use of a prospectus which is part of this registration statement by any person or party who is deemed to be an underwriter with the meaning of Rule 145(c) of the Securities Act, the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.
(2) The undersigned registrants agree that every prospectus that is filed under paragraph (1) above will be filed as part of an amendment to the registration statements and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.
(3) The undersigned registrants agree that an Opinion and Consent of counsel- Shearman & Sterling LLP, regarding certain tax matters, will be filed as part of an amendment to the registration statement.
SIGNATURES
As required by the Securities Act of 1933, this registration statement has been signed on behalf of each registrant, in the City of Baltimore, State of [ ______ ] on the [ __ ] day of [ ___ ] 2005.
T. ROWE PRICE INDEX TRUST, INC. | |
By: | ___________________________ |
James S. Riepe | |
Chairman of the Board | |
T. ROWE PRICE INTERNATIONAL INDEX FUND, INC. | |
By: | ___________________________ |
James S. Riepe | |
Chairman of the Board |
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T. ROWE PRICE U.S. BOND INDEX FUND, INC. | |
By: | ___________________________ |
James S. Riepe | |
Chairman of the Board |
As required by the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
___________________________ | [Date] |
James S. Riepe | |
___________________________ | [Date] |
Joseph A. Carrier | |
___________________________ | [Date] |
Anthony W. Deering* | |
___________________________ | [Date] |
Donald W. Dick, Jr.* | |
___________________________ | [Date] |
David K. Fagin* | |
___________________________ | [Date] |
Karen N. Horn* | |
___________________________ | [Date] |
James A.C. Kennedy | |
___________________________ | [Date] |
F. Pierce Linaweaver* | |
___________________________ | [Date] |
Mary J. Miller | |
___________________________ | [Date] |
John G. Schreiber* | |
___________________________ | [Date] |
* By Henry H. Hopkins, Attorney-in-fact |
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