UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-6093
Name of Registrant: Vanguard Institutional Index Funds
Address of Registrant:
P.O. Box 2600
Valley Forge, PA 19482
Name and address of agent for service:
Heidi Stam, Esquire
P.O. Box 876
Valley Forge, PA 19482
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: December 31
Date of reporting period: January 1, 2010 – June 30, 2010
Item 1: Reports to Shareholders
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Vanguard Institutional Index Fund |
Semiannual Report |
June 30, 2010 |
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> For the half-year ended June 30, 2010, the Institutional Shares of Vanguard Institutional Index Fund returned –6.66% (Institutional Plus Shares returned –6.65%), closely tracking the performance of the fund’s target benchmark.
> The first half of the six-month period yielded positive results for U.S. stocks; however, a swift downturn later in the period erased returns and led stocks into negative territory.
> Holdings in information technology, energy, and health care weighed most heavily on returns during the period.
Contents | |
Your Fund’s Total Returns. | 1 |
Chairman’s Letter. | 2 |
Fund Profile. | 6 |
Performance Summary. | 7 |
Financial Statements. | 8 |
About Your Fund’s Expenses. | 23 |
Trustees Approve Advisory Arrangement. | 25 |
Glossary. | 26 |
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
See the Glossary for definitions of investment terms used in this report.
Cover photograph: Veronica Coia.
Your Fund’s Total Returns | |
Six Months Ended June 30, 2010 | |
Total | |
Returns | |
Vanguard Institutional Index Fund | |
Institutional Shares | -6.66% |
Institutional Plus Shares | -6.65 |
S&P 500 Index | -6.65 |
Large-Cap Core Funds Average | -7.89 |
Large-Cap Core Funds Average: Derived from data provided by Lipper Inc.
Institutional Shares are available for a minimum investment of $5 million. Institutional Plus Shares are available for a minimum investment of $200 million.
Your Fund’s Performance at a Glance | ||||
December 31, 2009 , Through June 30, 2010 | ||||
Distributions Per Share | ||||
Starting | Ending | Income | Capital | |
Share Price | Share Price | Dividends | Gains | |
Vanguard Institutional Index Fund | ||||
Institutional Shares | $101.98 | $94.29 | $0.975 | $0.000 |
Institutional Plus Shares | 101.98 | 94.29 | 0.987 | 0.000 |
1
Chairman’s Letter
Dear Shareholder,
After rebounding strongly from the fallout of the recent financial crisis, U.S. stocks slipped again over the last two months of the period. For the six months ended June 30, the broad U.S. stock market returned –5.67%. Vanguard Institutional Index Fund and its target index underperformed the broad market, with Institutional Shares of the fund returning –6.66% and Institutional Plus Shares returning –6.65% for the period. Despite posting negative returns, the fund met its objective of closely tracking the performance of the Standard & Poor’s 500 Index.
Both the fund and its index posted negative results in all ten sectors of the stock market for the period. Stocks in the information technology, energy, and health care sectors lagged the most. Relatively speaking, the industrial and consumer discretionary sectors were among the fund’s better-performing areas.
Sovereign debt worries pulled down stock returns
After pulling back a bit in January from 2009’s strong gains, stocks rose steadily as winter turned to spring. Rapid growth in corporate earnings and optimism about the strength of the economic recovery were dominant themes. But in May, the scope of Europe’s fiscal challenges became clearer, and stock prices retreated sharply. For the full six months, U.S. stocks returned about –6%. Small-
2
capitalization stocks, representing companies less exposed to global turmoil than large-cap multinationals, lost less ground than larger stocks.
International stocks also posted negative six-month returns. For U.S.-based investors, a strengthening U.S. dollar further reduced the returns from non-U.S. stocks, particularly in Europe, where the euro fell noticeably in value.
Bonds continued to show strength as investors looked for safer assets
With the economic recovery appearing to decelerate and inflation remaining dormant, bonds stayed in favor throughout the period. As worries persisted about possible fallout from Europe’s sovereign debt problems, many investors sought safety in U.S. Treasuries. Higher-quality corporate bonds also performed well as earnings reports indicated that company balance sheets remained in good shape.
Municipal bonds, with their history of low default rates, also held their ground despite ongoing concerns about deficits confronting many state and local governments. In this risk-averse environment, lower-rated, higher-risk corporate bonds lagged a bit. For the full six months, the broad taxable market returned more than 5%; municipal securities returned more than 3%.
Market Barometer | |||
Total Returns | |||
Periods Ended June 30, 2010 | |||
Six | One | Five Years | |
Months | Year | (Annualized) | |
Stocks | |||
Russell 1000 Index (Large-caps) | -6.40% | 15.24% | -0.56% |
Russell 2000 Index (Small-caps) | -1.95 | 21.48 | 0.37 |
Dow Jones U.S. Total Stock Market Index | -5.67 | 16.20 | -0.08 |
MSCI All Country World Index ex USA (International) | -10.80 | 10.87 | 3.84 |
Bonds | |||
Barclays Capital U.S. Aggregate Bond Index (Broad | |||
taxable market) | 5.33% | 9.50% | 5.54% |
Barclays Capital Municipal Bond Index | 3.31 | 9.61 | 4.40 |
Citigroup Three-Month U.S. Treasury Bill Index | 0.06 | 0.12 | 2.63 |
CPI | |||
Consumer Price Index | 0.93% | 1.05% | 2.30% |
3
Negative returns across sectors hindered fund performance
Vanguard Institutional Index Fund, like the broad U.S. stock market, kicked off the six-month period with positive returns. However, the market tumbled in May and June and stocks ended the half-year in negative territory. Stocks were down across the board and both the fund and the index registered negative results in all ten sectors.
Information technology—the index’s most heavily weighted sector—was hit hard during the downturn and subtracted 2 percentage points from the index’s total return for the period. Big-name software companies and internet giants suffered the biggest blows, as investors worried about the prospective strength of technology spending.
The energy sector also dragged down fund performance. In particular, big oil and gas companies endured heavy losses, as consumer demand decreased and the oil spill in the Gulf of Mexico continued to spark fear among investors. Health care stocks also weighed on returns, particularly major pharmaceutical companies, which continued to grapple with a variety of regulatory and commercial challenges.
Despite the fund’s overall negative returns, a few industries contributed positive results. Some areas of the industrial sector—most notably the construction and railroad industries—were up for the period. In the consumer discretionary sector, fast food chains and toy companies performed well, while insurance and real estate companies were bright spots for the financial sector.
Regardless of market conditions, diversification is important
The past six months have been a dramatic time in the U.S. stock market. At the beginning of the period, stocks continued to stage an impressive rally that began in March 2009, following the worst recession in decades. However, in May, stocks retreated swiftly as investor concerns grew over the European debt crisis and the oil spill in the Gulf of Mexico.
While you can’t control what happens in the financial markets, you can control how you invest your assets. Vanguard encourages your organization to create a portfolio that includes a mix of stocks, bonds, and short-term investment options in proportions that are appropriate for your institution. A well-diversified portfolio can
4
offer some protection from the market’s inevitable swings, while also providing an opportunity for long-term growth.
We believe that Vanguard Institutional Index, with its low costs and broad diversification among mid- and large-capitalization stocks, may be a good choice for a core holding in your institution’s portfolio.
As always, thank you for entrusting your assets to Vanguard.
Sincerely,
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionalindexfundsx7x1.jpg)
F. William McNabb III
President and Chief Executive Officer
July 12, 2010
5
Institutional Index Fund
Fund Profile
As of June 30, 2010
Share-Class Characteristics | |||
Institutional | Institutional | ||
Shares | Plus Shares | ||
Ticker Symbol | VINIX | VIIIX | |
Expense Ratio1 | 0.05% | 0.025% | |
30-Day SEC Yield | 1.82% | 1.85% | |
Portfolio Characteristics | |||
DJ | |||
U.S. Total | |||
S&P 500 | Market | ||
Fund | Index | Index | |
Number of Stocks | 503 | 500 | 4,114 |
Median Market Cap $41.7B | $41.7B | $25.2B | |
Price/Earnings Ratio | 16.2x | 16.2x | 17.6x |
Price/Book Ratio | 1.9x | 1.9x | 1.9x |
Return on Equity | 20.6% | 20.6% | 19.1% |
Earnings Growth Rate | 6.5% | 6.5% | 6.6% |
Dividend Yield | 2.2% | 2.2% | 2.0% |
Foreign Holdings | 0.0% | 0.0% | 0.0% |
Turnover Rate | |||
(Annualized) | 4% | — | — |
Short-Term Reserves | 0.0% | — | — |
Sector Diversification (% of equity exposure) | |||
DJ | |||
U.S. Total | |||
S&P 500 | Market | ||
Fund | Index | Index | |
Consumer | |||
Discretionary | 10.1% | 10.1% | 11.4% |
Consumer Staples | 11.5 | 11.5 | 10.4 |
Energy | 10.7 | 10.7 | 9.4 |
Financials | 16.3 | 16.3 | 17.5 |
Health Care | 12.1 | 12.1 | 11.7 |
Industrials | 10.3 | 10.3 | 10.8 |
Information | |||
Technology | 18.8 | 18.8 | 18.7 |
Materials | 3.4 | 3.4 | 3.9 |
Telecommunication | |||
Services | 3.0 | 3.0 | 2.7 |
Utilities | 3.8 | 3.8 | 3.5 |
Volatility Measures | ||
DJ | ||
U.S. Total | ||
S&P 500 | Market | |
Index | Index | |
R-Squared | 1.00 | 0.99 |
Beta | 1.00 | 0.97 |
These measures show the degree and timing of the fund’s fluctuations compared with the indexes over 36 months. |
Ten Largest Holdings (% of total net assets) | ||
Exxon Mobil Corp. | Integrated Oil & | |
Gas | 3.1% | |
Apple Inc. | Computer | |
Hardware | 2.4 | |
Microsoft Corp. | Systems Software | 1.9 |
Procter & Gamble Co. | Household | |
Products | 1.8 | |
Johnson & Johnson | Pharmaceuticals | 1.7 |
International Business | IT Consulting & | |
Machines Corp. | Other Services | 1.7 |
General Electric Co. | Industrial | |
Conglomerates | 1.6 | |
JPMorgan Chase & Co. | Diversified Financial | |
Services | 1.6 | |
Bank of America Corp. | Diversified Financial | |
Services | 1.5 | |
AT&T Inc. | Integrated | |
Telecommunication | ||
Services | 1.5 | |
Top Ten | 18.8% | |
The holdings listed exclude any temporary cash investments and equity index products. |
Investment Focus
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionalindexfundsx8x1.jpg)
1 The expense ratios shown are from the prospectus dated April 29, 2010. For the six months ended June 30, 2010, the annualized expense ratios were 0.05% for Institutional Shares and 0.025% for Institutional Plus Shares.
6
Institutional Index Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at www.vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Fiscal-Year Total Returns (%): December 31, 1999, Through June 30, 2010
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionalindexfundsx9x1.jpg)
Note: For 2010, performance data reflect the six months ended June 30, 2010.
Average Annual Total Returns: Periods Ended June 30, 2010 | ||||
Inception | One | Five | Ten | |
Date | Year | Years | Years | |
Institutional Shares | 7/31/1990 | 14.45% | -0.76% | -1.56% |
Institutional Plus Shares | 7/7/1997 | 14.48 | -0.74 | -1.53 |
See Financial Highlights for dividend and capital gains information.
7
Institutional Index Fund
Financial Statements (unaudited)
Statement of Net Assets
As of June 30, 2010
The fund reports a complete list of its holdings in regulatory filings four times in each fiscal year, at the quarter-ends. For the second and fourth fiscal quarters, the lists appear in the fund’s semiannual and annual reports to shareholders. For the first and third fiscal quarters, the fund files the lists with the Securities and Exchange Commission on Form N-Q. Shareholders can look up the fund’s Forms N-Q on the SEC’s website at www.sec.gov. Forms N-Q may also be reviewed and copied at the SEC’s Public Reference Room (see the back cover of this report for further information).
Market | |||
Value• | |||
Shares | ($000) | ||
Common Stocks (99.6%)1 | |||
Consumer Discretionary (10.1%) | |||
McDonald’s Corp. | 7,714,996 | 508,187 | |
Walt Disney Co. | 14,045,688 | 442,439 | |
Home Depot Inc. | 12,050,671 | 338,262 | |
Comcast Corp. Class A | 19,390,580 | 336,814 | |
* | Amazon.com Inc. | 2,461,105 | 268,900 |
Target Corp. | 5,281,642 | 259,698 | |
* | Ford Motor Co. | 24,430,402 | 246,259 |
Time Warner Inc. | 8,173,534 | 236,297 | |
* | DIRECTV Class A | 6,517,542 | 221,075 |
Lowe’s Cos. Inc. | 10,249,617 | 209,297 | |
News Corp. Class A | 16,163,328 | 193,313 | |
NIKE Inc. Class B | 2,786,665 | 188,239 | |
Viacom Inc. Class B | 4,355,940 | 136,646 | |
Time Warner Cable Inc. | 2,538,831 | 132,222 | |
Yum! Brands Inc. | 3,352,384 | 130,877 | |
Starbucks Corp. | 5,343,634 | 129,850 | |
Johnson Controls Inc. | 4,824,463 | 129,633 | |
TJX Cos. Inc. | 2,925,969 | 122,744 | |
* | Kohl’s Corp. | 2,208,398 | 104,899 |
Staples Inc. | 5,234,846 | 99,724 | |
Carnival Corp. | 3,104,788 | 93,889 | |
Best Buy Co. Inc. | 2,481,230 | 84,014 | |
Coach Inc. | 2,188,232 | 79,980 | |
Omnicom Group Inc. | 2,201,527 | 75,512 | |
* | Discovery | ||
Communications Inc. | |||
Class A | 2,039,120 | 72,817 | |
* | Bed Bath & Beyond Inc. | 1,888,156 | 70,013 |
McGraw-Hill Cos. Inc. | 2,262,794 | 63,675 | |
CBS Corp. Class B | 4,876,753 | 63,056 | |
Gap Inc. | 3,219,635 | 62,654 | |
* | priceline.com Inc. | 340,288 | 60,074 |
Stanley Black | |||
& Decker Inc. | 1,150,430 | 58,120 | |
Starwood Hotels & | |||
Resorts Worldwide Inc. | 1,359,112 | 56,308 | |
Mattel Inc. | 2,616,064 | 55,356 |
Market | |||
Value• | |||
Shares | ($000) | ||
Marriott International Inc. | |||
Class A | 1,840,007 | 55,090 | |
Macy’s Inc. | 3,027,465 | 54,192 | |
Whirlpool Corp. | 538,647 | 47,304 | |
* | O’Reilly Automotive Inc. | 990,420 | 47,104 |
Ross Stores Inc. | 878,603 | 46,821 | |
VF Corp. | 631,648 | 44,961 | |
Genuine Parts Co. | 1,138,660 | 44,920 | |
Fortune Brands Inc. | 1,092,300 | 42,796 | |
Ltd Brands Inc. | 1,935,410 | 42,715 | |
* | AutoZone Inc. | 209,844 | 40,546 |
Darden Restaurants Inc. | 1,008,215 | 39,169 | |
Hasbro Inc. | 938,706 | 38,581 | |
Nordstrom Inc. | 1,194,097 | 38,438 | |
* | Apollo Group Inc. Class A | 902,310 | 38,321 |
Wynn Resorts Ltd. | 495,181 | 37,768 | |
Harley-Davidson Inc. | 1,688,393 | 37,533 | |
H&R Block Inc. | 2,360,860 | 37,042 | |
Family Dollar Stores Inc. | 968,634 | 36,508 | |
JC Penney Co. Inc. | 1,693,964 | 36,386 | |
Tiffany & Co. | 911,826 | 34,567 | |
Polo Ralph Lauren Corp. | |||
Class A | 471,610 | 34,409 | |
International | |||
Game Technology | 2,137,689 | 33,562 | |
* | Urban Outfitters Inc. | 934,055 | 32,122 |
* | CarMax Inc. | 1,600,056 | 31,841 |
Newell Rubbermaid Inc. | 1,995,027 | 29,207 | |
Expedia Inc. | 1,485,283 | 27,894 | |
Wyndham | |||
Worldwide Corp. | 1,289,228 | 25,965 | |
Scripps Networks | |||
Interactive Inc. Class A | 643,269 | 25,950 | |
* | Interpublic Group | ||
of Cos. Inc. | 3,504,975 | 24,991 | |
DeVry Inc. | 443,968 | 23,304 | |
Gannett Co. Inc. | 1,706,084 | 22,964 | |
*,^ | Sears Holdings Corp. | 345,602 | 22,343 |
Leggett & Platt Inc. | 1,060,770 | 21,279 | |
* | GameStop Corp. Class A | 1,094,773 | 20,571 |
DR Horton Inc. | 1,983,052 | 19,493 |
8
Institutional Index Fund | |||
Market | |||
Value• | |||
Shares | ($000) | ||
Abercrombie & Fitch Co. | 631,968 | 19,395 | |
* | Pulte Group Inc. | 2,274,836 | 18,836 |
* | Big Lots Inc. | 576,047 | 18,485 |
Washington Post Co. | |||
Class B | 43,521 | 17,865 | |
RadioShack Corp. | 898,247 | 17,525 | |
* | Goodyear Tire | ||
& Rubber Co. | 1,740,247 | 17,298 | |
Lennar Corp. Class A | 1,165,903 | 16,218 | |
* | Harman International | ||
Industries Inc. | 498,193 | 14,891 | |
Comcast Corp. | 844,535 | 13,876 | |
*,^ | AutoNation Inc. | 638,021 | 12,441 |
* | Eastman Kodak Co. | 1,920,098 | 8,333 |
Meredith Corp. | 263,376 | 8,199 | |
* | Office Depot Inc. | 1,972,402 | 7,969 |
* | New York Times Co. | ||
Class A | 832,101 | 7,198 | |
6,766,029 | |||
Consumer Staples (11.5%) | |||
Procter & Gamble Co. | 20,652,869 | 1,238,759 | |
Coca-Cola Co. | 16,544,783 | 829,225 | |
Wal-Mart Stores Inc. | 14,897,913 | 716,143 | |
PepsiCo Inc. | 11,565,497 | 704,917 | |
Philip Morris | |||
International Inc. | 13,280,590 | 608,782 | |
Kraft Foods Inc. | 12,503,364 | 350,094 | |
Altria Group Inc. | 14,935,133 | 299,300 | |
CVS Caremark Corp. | 9,759,613 | 286,152 | |
Colgate-Palmolive Co. | 3,517,308 | 277,023 | |
Walgreen Co. | 7,016,954 | 187,353 | |
Kimberly-Clark Corp. | 2,968,878 | 180,003 | |
Costco Wholesale Corp. | 3,162,535 | 173,402 | |
General Mills Inc. | 4,758,781 | 169,032 | |
Sysco Corp. | 4,242,770 | 121,216 | |
Archer-Daniels-Midland Co. | 4,611,858 | 119,078 | |
HJ Heinz Co. | 2,268,004 | 98,023 | |
Kellogg Co. | 1,829,130 | 92,005 | |
Kroger Co. | 4,634,667 | 91,257 | |
Avon Products Inc. | 3,072,518 | 81,422 | |
Lorillard Inc. | 1,096,287 | 78,911 | |
ConAgra Foods Inc. | 3,195,585 | 74,521 | |
Mead Johnson | |||
Nutrition Co. | 1,466,842 | 73,518 | |
Sara Lee Corp. | 4,742,684 | 66,872 | |
Dr Pepper Snapple | |||
Group Inc. | 1,762,185 | 65,888 | |
Reynolds American Inc. | 1,212,413 | 63,191 | |
Clorox Co. | 1,010,159 | 62,792 | |
Coca-Cola Enterprises Inc. | 2,333,003 | 60,331 | |
Hershey Co. | 1,189,812 | 57,028 | |
Safeway Inc. | 2,787,177 | 54,796 | |
JM Smucker Co. | 854,240 | 51,442 | |
Campbell Soup Co. | 1,341,968 | 48,083 | |
Molson Coors | |||
Brewing Co. Class B | 1,131,442 | 47,928 |
Market | |||
Value• | |||
Shares | ($000) | ||
Estee Lauder Cos. Inc. | |||
Class A | 858,043 | 47,819 | |
Brown-Forman Corp. | |||
Class B | 779,492 | 44,610 | |
* | Whole Foods Market Inc. | 1,229,408 | 44,283 |
McCormick & Co. Inc. | 950,113 | 36,066 | |
Tyson Foods Inc. Class A | 2,189,625 | 35,888 | |
* | Constellation Brands Inc. | ||
Class A | 1,374,032 | 21,462 | |
Hormel Foods Corp. | 496,899 | 20,114 | |
SUPERVALU Inc. | 1,520,418 | 16,481 | |
* | Dean Foods Co. | 1,299,187 | 13,083 |
7,708,293 | |||
Energy (10.6%) | |||
Exxon Mobil Corp. | 36,660,733 | 2,092,228 | |
Chevron Corp. | 14,404,730 | 977,505 | |
ConocoPhillips | 10,673,402 | 523,957 | |
Schlumberger Ltd. | 8,554,190 | 473,389 | |
Occidental | |||
Petroleum Corp. | 5,824,439 | 449,355 | |
Apache Corp. | 2,418,789 | 203,638 | |
Devon Energy Corp. | 3,205,014 | 195,249 | |
EOG Resources Inc. | 1,815,534 | 178,594 | |
Halliburton Co. | 6,492,317 | 159,386 | |
Marathon Oil Corp. | 5,088,290 | 158,195 | |
Anadarko Petroleum Corp. | 3,548,208 | 128,055 | |
Baker Hughes Inc. | 3,077,057 | 127,913 | |
Hess Corp. | 2,095,795 | 105,502 | |
National Oilwell Varco Inc. | 3,005,146 | 99,380 | |
Chesapeake Energy Corp. | 4,668,260 | 97,800 | |
* | Southwestern Energy Co. | 2,482,907 | 95,940 |
Spectra Energy Corp. | 4,647,287 | 93,271 | |
Williams Cos. Inc. | 4,190,409 | 76,601 | |
Noble Energy Inc. | 1,252,432 | 75,559 | |
Peabody Energy Corp. | 1,927,843 | 75,437 | |
Valero Energy Corp. | 4,055,631 | 72,920 | |
Murphy Oil Corp. | 1,373,333 | 68,049 | |
Smith International Inc. | 1,782,484 | 67,111 | |
* | Cameron | ||
International Corp. | 1,751,484 | 56,958 | |
El Paso Corp. | 5,047,410 | 56,077 | |
Consol Energy Inc. | 1,618,870 | 54,653 | |
Pioneer Natural | |||
Resources Co. | 831,271 | 49,419 | |
* | FMC Technologies Inc. | 871,951 | 45,917 |
Range Resources Corp. | 1,143,164 | 45,898 | |
* | Denbury Resources Inc. | 2,862,893 | 41,913 |
* | Nabors Industries Ltd. | 2,045,201 | 36,036 |
^ | Diamond Offshore | ||
Drilling Inc. | 498,501 | 31,002 | |
Sunoco Inc. | 864,581 | 30,062 | |
Helmerich & Payne Inc. | 758,239 | 27,691 | |
Cabot Oil & Gas Corp. | 744,381 | 23,314 | |
Massey Energy Co. | 737,560 | 20,172 | |
* | Rowan Cos. Inc. | 819,738 | 17,985 |
Tesoro Corp. | 1,013,219 | 11,824 | |
7,143,955 |
9
Institutional Index Fund | |||
Market | |||
Value• | |||
Shares | ($000) | ||
Financials (16.3%) | |||
JPMorgan Chase & Co. | 28,532,729 | 1,044,583 | |
Bank of America Corp. | 71,949,915 | 1,033,920 | |
Wells Fargo & Co. | 37,363,953 | 956,517 | |
* | Berkshire Hathaway Inc. | ||
Class B | 10,732,826 | 855,299 | |
* | Citigroup Inc. | 162,104,456 | 609,513 |
Goldman Sachs | |||
Group Inc. | 3,691,825 | 484,626 | |
American Express Co. | 8,614,802 | 342,008 | |
US Bancorp | 13,746,991 | 307,245 | |
Morgan Stanley | 10,024,530 | 232,669 | |
MetLife Inc. | 5,881,814 | 222,097 | |
Bank of New York | |||
Mellon Corp. | 8,698,701 | 214,771 | |
PNC Financial Services | |||
Group Inc. | 3,772,653 | 213,155 | |
Prudential Financial Inc. | 3,341,974 | 179,330 | |
Travelers Cos. Inc. | 3,552,403 | 174,956 | |
Simon Property | |||
Group Inc. | 2,099,074 | 169,500 | |
Aflac Inc. | 3,367,620 | 143,696 | |
CME Group Inc. | 471,105 | 132,640 | |
Capital One | |||
Financial Corp. | 3,274,189 | 131,950 | |
BB&T Corp. | 4,963,579 | 130,592 | |
State Street Corp. | 3,598,168 | 121,690 | |
Chubb Corp. | 2,343,582 | 117,203 | |
Allstate Corp. | 3,857,757 | 110,833 | |
Charles Schwab Corp. | 7,018,913 | 99,528 | |
Franklin Resources Inc. | 1,059,819 | 91,346 | |
* | Berkshire Hathaway Inc. | ||
Class A | 759 | 91,080 | |
Progressive Corp. | 4,808,210 | 90,010 | |
Marsh & | |||
McLennan Cos. Inc. | 3,881,706 | 87,532 | |
Public Storage | 974,468 | 85,666 | |
Equity Residential | 2,029,325 | 84,501 | |
Loews Corp. | 2,521,197 | 83,981 | |
SunTrust Banks Inc. | 3,585,181 | 83,535 | |
Vornado Realty Trust | 1,135,117 | 82,807 | |
T Rowe Price Group Inc. | 1,861,595 | 82,636 | |
Northern Trust Corp. | 1,734,539 | 81,003 | |
AON Corp. | 1,932,317 | 71,728 | |
Boston Properties Inc. | 997,079 | 71,132 | |
Hartford Financial | |||
Services Group Inc. | 3,185,185 | 70,488 | |
Fifth Third Bancorp | 5,700,489 | 70,059 | |
HCP Inc. | 2,108,313 | 67,993 | |
Ameriprise Financial Inc. | 1,834,335 | 66,275 | |
Host Hotels & Resorts Inc. | 4,720,780 | 63,636 | |
* | IntercontinentalExchange | ||
Inc. | 530,252 | 59,934 | |
Invesco Ltd. | 3,350,736 | 56,393 | |
Regions Financial Corp. | 8,552,659 | 56,277 |
Market | |||
Value• | |||
Shares | ($000) | ||
AvalonBay | |||
Communities Inc. | 595,227 | 55,576 | |
Discover Financial Services 3,900,460 | 54,528 | ||
Principal Financial | |||
Group Inc. | 2,292,629 | 53,739 | |
Ventas Inc. | 1,124,821 | 52,810 | |
Lincoln National Corp. | 2,169,181 | 52,689 | |
Unum Group | 2,386,501 | 51,787 | |
NYSE Euronext | 1,871,475 | 51,709 | |
M&T Bank Corp. | 596,663 | 50,687 | |
KeyCorp | 6,303,926 | 48,477 | |
Comerica Inc. | 1,264,369 | 46,567 | |
* | Genworth Financial Inc. | ||
Class A | 3,506,943 | 45,836 | |
Hudson City Bancorp Inc. | 3,398,469 | 41,597 | |
Plum Creek Timber Co. Inc. 1,168,639 | 40,353 | ||
XL Capital Ltd. Class A | 2,452,970 | 39,272 | |
Kimco Realty Corp. | 2,908,598 | 39,092 | |
Health Care REIT Inc. | 889,987 | 37,486 | |
People’s United | |||
Financial Inc. | 2,687,353 | 36,279 | |
* | SLM Corp. | 3,483,267 | 36,191 |
ProLogis | 3,417,571 | 34,620 | |
* | American | ||
International Group Inc. | 968,636 | 33,360 | |
Legg Mason Inc. | 1,180,799 | 33,098 | |
Cincinnati Financial Corp. | 1,168,767 | 30,236 | |
Torchmark Corp. | 591,180 | 29,269 | |
Huntington | |||
Bancshares Inc. | 5,138,716 | 28,469 | |
Moody’s Corp. | 1,409,054 | 28,068 | |
Assurant Inc. | 801,022 | 27,795 | |
Marshall & Ilsley Corp. | 3,776,566 | 27,116 | |
* | Leucadia National Corp. | 1,359,419 | 26,522 |
* | CB Richard Ellis Group Inc. | ||
Class A | 1,936,072 | 26,350 | |
Zions Bancorporation | 1,147,972 | 24,762 | |
* | First Horizon National Corp.1,637,543 | 18,750 | |
* | NASDAQ OMX Group Inc. | 1,045,562 | 18,590 |
* | E*Trade Financial Corp. | 1,417,542 | 16,755 |
Apartment Investment | |||
& Management Co. | 836,807 | 16,209 | |
Federated Investors Inc. | |||
Class B | 635,818 | 13,168 | |
Janus Capital Group Inc. | 1,315,083 | 11,678 | |
10,905,823 | |||
Health Care (12.0%) | |||
Johnson & Johnson | 19,779,173 | 1,168,158 | |
Pfizer Inc. | 57,845,275 | 824,874 | |
Merck & Co. Inc. | 22,362,201 | 782,006 | |
Abbott Laboratories | 11,069,624 | 517,837 | |
* | Amgen Inc. | 6,869,855 | 361,354 |
Bristol-Myers Squibb Co. | 12,332,644 | 307,576 | |
Medtronic Inc. | 7,899,659 | 286,521 | |
Eli Lilly & Co. | 7,277,458 | 243,795 | |
UnitedHealth Group Inc. | 8,151,797 | 231,511 |
10
Institutional Index Fund | |||
Market | |||
Value• | |||
Shares | ($000) | ||
* | Gilead Sciences Inc. | 6,382,090 | 218,778 |
* | Express Scripts Inc. | 3,930,754 | 184,824 |
* | Medco Health | ||
Solutions Inc. | 3,276,392 | 180,464 | |
Baxter International Inc. | 4,277,542 | 173,839 | |
* | Celgene Corp. | 3,305,159 | 167,968 |
* | WellPoint Inc. | 3,063,666 | 149,905 |
* | Thermo Fisher | ||
Scientific Inc. | 2,943,348 | 144,371 | |
McKesson Corp. | 1,946,421 | 130,722 | |
Allergan Inc. | 2,205,464 | 128,490 | |
Becton Dickinson and Co. | 1,673,431 | 113,157 | |
Stryker Corp. | 2,020,032 | 101,123 | |
* | Genzyme Corp. | 1,913,943 | 97,171 |
* | Biogen Idec Inc. | 1,914,897 | 90,862 |
* | Intuitive Surgical Inc. | 280,898 | 88,657 |
Cardinal Health Inc. | 2,596,752 | 87,277 | |
* | St. Jude Medical Inc. | 2,343,654 | 84,583 |
Aetna Inc. | 3,047,400 | 80,390 | |
* | Zimmer Holdings Inc. | 1,454,582 | 78,620 |
* | Hospira Inc. | 1,189,786 | 68,353 |
AmerisourceBergen Corp. | |||
Class A | 2,026,257 | 64,334 | |
* | Boston Scientific Corp. | 10,875,265 | 63,077 |
* | Life Technologies Corp. | 1,309,695 | 61,883 |
CIGNA Corp. | 1,984,349 | 61,634 | |
* | Forest Laboratories Inc. | 2,168,829 | 59,491 |
* | Laboratory Corp. of | ||
America Holdings | 745,786 | 56,195 | |
* | Humana Inc. | 1,220,694 | 55,749 |
Quest Diagnostics Inc. | 1,084,028 | 53,952 | |
CR Bard Inc. | 681,892 | 52,867 | |
* | DaVita Inc. | 745,064 | 46,522 |
* | Varian Medical | ||
Systems Inc. | 885,888 | 46,314 | |
* | Waters Corp. | 666,482 | 43,121 |
* | Millipore Corp. | 401,793 | 42,851 |
* | Mylan Inc. | 2,214,655 | 37,738 |
* | Cerner Corp. | 489,344 | 37,136 |
DENTSPLY | |||
International Inc. | 1,048,668 | 31,366 | |
* | Watson | ||
Pharmaceuticals Inc. | 768,297 | 31,170 | |
* | Cephalon Inc. | 539,257 | 30,603 |
* | CareFusion Corp. | 1,275,386 | 28,951 |
Patterson Cos. Inc. | 668,346 | 19,068 | |
* | Coventry Health Care Inc. | 1,059,785 | 18,737 |
PerkinElmer Inc. | 843,992 | 17,445 | |
* | King Pharmaceuticals Inc. | 1,790,612 | 13,591 |
* | Tenet Healthcare Corp. | 3,125,857 | 13,566 |
8,080,547 | |||
Industrials (10.3%) | |||
General Electric Co. | 76,565,204 | 1,104,070 | |
United Technologies Corp. | 6,691,544 | 434,348 | |
United Parcel Service Inc. | |||
Class B | 7,103,184 | 404,100 |
Market | |||
Value• | |||
Shares | ($000) | ||
3M Co. | 5,113,801 | 403,939 | |
Boeing Co. | 5,443,452 | 341,577 | |
Caterpillar Inc. | 4,501,925 | 270,431 | |
Union Pacific Corp. | 3,629,704 | 252,301 | |
Emerson Electric Co. | 5,401,442 | 235,989 | |
Honeywell | |||
International Inc. | 5,494,729 | 214,459 | |
Deere & Co. | 3,046,824 | 169,647 | |
Lockheed Martin Corp. | 2,234,995 | 166,507 | |
General Dynamics Corp. | 2,766,342 | 161,997 | |
FedEx Corp. | 2,246,113 | 157,475 | |
Norfolk Southern Corp. | 2,653,933 | 140,791 | |
Danaher Corp. | 3,771,815 | 140,010 | |
CSX Corp. | 2,791,460 | 138,540 | |
Raytheon Co. | 2,711,906 | 131,229 | |
Northrop Grumman Corp. | 2,160,127 | 117,597 | |
Illinois Tool Works Inc. | 2,774,868 | 114,547 | |
Waste Management Inc. | 3,464,133 | 108,393 | |
Precision Castparts Corp. | 1,019,857 | 104,964 | |
PACCAR Inc. | 2,617,030 | 104,341 | |
Cummins Inc. | 1,438,597 | 93,696 | |
Eaton Corp. | 1,202,071 | 78,663 | |
Republic Services Inc. | |||
Class A | 2,327,766 | 69,204 | |
CH Robinson | |||
Worldwide Inc. | 1,189,802 | 66,224 | |
Parker Hannifin Corp. | 1,154,998 | 64,056 | |
Rockwell Collins Inc. | 1,128,916 | 59,979 | |
Goodrich Corp. | 897,871 | 59,484 | |
Southwest Airlines Co. | 5,339,328 | 59,320 | |
ITT Corp. | 1,316,152 | 59,122 | |
L-3 Communications | |||
Holdings Inc. | 830,153 | 58,808 | |
Dover Corp. | 1,339,499 | 55,978 | |
Fluor Corp. | 1,281,693 | 54,472 | |
Expeditors International | |||
of Washington Inc. | 1,526,509 | 52,680 | |
Rockwell Automation Inc. | 1,022,512 | 50,195 | |
Fastenal Co. | 940,904 | 47,224 | |
WW Grainger Inc. | 444,319 | 44,187 | |
* | Stericycle Inc. | 606,905 | 39,801 |
Roper Industries Inc. | 673,265 | 37,676 | |
Flowserve Corp. | 402,094 | 34,098 | |
Textron Inc. | 1,958,147 | 33,230 | |
Pitney Bowes Inc. | 1,488,240 | 32,682 | |
* | Jacobs Engineering | ||
Group Inc. | 896,579 | 32,671 | |
* | Quanta Services Inc. | 1,512,551 | 31,234 |
Iron Mountain Inc. | 1,296,291 | 29,115 | |
Pall Corp. | 837,540 | 28,786 | |
Masco Corp. | 2,572,288 | 27,678 | |
Equifax Inc. | 906,977 | 25,450 | |
Avery Dennison Corp. | 791,124 | 25,419 | |
Robert Half | |||
International Inc. | 1,074,698 | 25,309 | |
Dun & Bradstreet Corp. | 360,995 | 24,230 |
11
Institutional Index Fund | |||
Market | |||
Value• | |||
Shares | ($000) | ||
RR Donnelley & Sons Co. | 1,477,750 | 24,191 | |
Cintas Corp. | 941,798 | 22,575 | |
Snap-On Inc. | 413,881 | 16,932 | |
Ryder System Inc. | 379,226 | 15,256 | |
* | Raytheon Co. Warrants | ||
Exp. 06/16/2011 | 20,998 | 252 | |
6,897,129 | |||
Information Technology (18.7%) | |||
* | Apple Inc. | 6,525,481 | 1,641,354 |
Microsoft Corp. | 54,678,292 | 1,258,148 | |
International Business | |||
Machines Corp. | 9,196,192 | 1,135,546 | |
* | Cisco Systems Inc. | 40,956,803 | 872,789 |
Intel Corp. | 39,901,612 | 776,086 | |
* | Google Inc. Class A | 1,735,836 | 772,360 |
Hewlett-Packard Co. | 16,739,591 | 724,490 | |
Oracle Corp. | 28,075,306 | 602,496 | |
QUALCOMM Inc. | 11,763,874 | 386,326 | |
* | EMC Corp. | 14,741,810 | 269,775 |
Visa Inc. Class A | 3,245,785 | 229,639 | |
Texas Instruments Inc. | 8,765,262 | 204,055 | |
Corning Inc. | 11,193,201 | 180,770 | |
* | eBay Inc. | 8,154,630 | 159,912 |
* | Dell Inc. | 12,357,768 | 149,035 |
Automatic Data | |||
Processing Inc. | 3,607,294 | 145,230 | |
Mastercard Inc. Class A | 694,216 | 138,517 | |
* | Yahoo! Inc. | 8,443,346 | 116,771 |
Applied Materials Inc. | 9,633,632 | 115,796 | |
* | Motorola Inc. | 16,667,790 | 108,674 |
* | Cognizant Technology | ||
Solutions Corp. Class A | 2,147,408 | 107,499 | |
Broadcom Corp. Class A | 3,097,323 | 102,119 | |
* | Adobe Systems Inc. | 3,775,432 | 99,785 |
* | NetApp Inc. | 2,471,789 | 92,222 |
* | Juniper Networks Inc. | 3,773,425 | 86,110 |
* | Symantec Corp. | 5,729,623 | 79,527 |
Xerox Corp. | 9,890,419 | 79,519 | |
* | Intuit Inc. | 2,252,863 | 78,332 |
Western Union Co. | 4,820,630 | 71,876 | |
* | Agilent Technologies Inc. | 2,496,337 | 70,971 |
* | Salesforce.com Inc. | 811,545 | 69,647 |
* | SanDisk Corp. | 1,649,474 | 69,393 |
Fidelity National | |||
Information Services Inc. | 2,376,847 | 63,747 | |
Paychex Inc. | 2,307,055 | 59,914 | |
Analog Devices Inc. | 2,137,222 | 59,543 | |
* | Citrix Systems Inc. | 1,332,297 | 56,263 |
Altera Corp. | 2,163,558 | 53,678 | |
* | Micron Technology Inc. | 6,127,152 | 52,020 |
CA Inc. | 2,800,381 | 51,527 | |
* | Akamai Technologies Inc. | 1,234,194 | 50,071 |
Computer Sciences Corp. | 1,106,043 | 50,048 | |
* | Fiserv Inc. | 1,094,347 | 49,968 |
Xilinx Inc. | 1,963,741 | 49,604 | |
* | Western Digital Corp. | 1,643,324 | 49,563 |
Market | |||
Value• | |||
Shares | ($000) | ||
Amphenol Corp. Class A | 1,244,502 | 48,884 | |
* | BMC Software Inc. | 1,301,659 | 45,076 |
Linear Technology Corp. | 1,607,248 | 44,698 | |
* | NVIDIA Corp. | 4,103,039 | 41,892 |
* | Autodesk Inc. | 1,645,409 | 40,082 |
*,^ | First Solar Inc. | 348,624 | 39,684 |
* | Red Hat Inc. | 1,352,750 | 39,149 |
Harris Corp. | 931,020 | 38,777 | |
^ | Microchip Technology Inc. | 1,330,559 | 36,910 |
* | Teradata Corp. | 1,196,846 | 36,480 |
* | SAIC Inc. | 2,098,113 | 35,122 |
* | VeriSign Inc. | 1,308,717 | 34,746 |
* | McAfee Inc. | 1,118,816 | 34,370 |
KLA-Tencor Corp. | 1,219,036 | 33,987 | |
* | Electronic Arts Inc. | 2,350,899 | 33,853 |
* | FLIR Systems Inc. | 1,099,608 | 31,988 |
* | Advanced Micro | ||
Devices Inc. | 4,056,207 | 29,691 | |
National | |||
Semiconductor Corp. | 1,705,302 | 22,953 | |
* | LSI Corp. | 4,680,309 | 21,529 |
Total System Services Inc. | 1,414,151 | 19,232 | |
* | Lexmark International Inc. | ||
Class A | 562,387 | 18,576 | |
Jabil Circuit Inc. | 1,387,947 | 18,460 | |
Molex Inc. | 972,423 | 17,737 | |
Tellabs Inc. | 2,760,027 | 17,637 | |
* | Novellus Systems Inc. | 688,145 | 17,451 |
* | MEMC Electronic | ||
Materials Inc. | 1,629,216 | 16,097 | |
* | JDS Uniphase Corp. | 1,608,580 | 15,828 |
* | Novell Inc. | 2,509,621 | 14,255 |
* | QLogic Corp. | 798,176 | 13,266 |
* | Compuware Corp. | 1,610,391 | 12,851 |
* | Teradyne Inc. | 1,289,290 | 12,571 |
* | Monster Worldwide Inc. | 901,834 | 10,506 |
12,535,053 | |||
Materials (3.4%) | |||
EI du Pont de | |||
Nemours & Co. | 6,497,735 | 224,757 | |
Newmont Mining Corp. | 3,523,466 | 217,539 | |
Freeport-McMoRan | |||
Copper & Gold Inc. | 3,383,056 | 200,040 | |
Dow Chemical Co. | 8,282,518 | 196,461 | |
Monsanto Co. | 3,912,543 | 180,838 | |
Praxair Inc. | 2,194,205 | 166,738 | |
Air Products | |||
& Chemicals Inc. | 1,523,018 | 98,707 | |
Nucor Corp. | 2,260,058 | 86,515 | |
Ecolab Inc. | 1,673,762 | 75,169 | |
Alcoa Inc. | 7,322,746 | 73,667 | |
PPG Industries Inc. | 1,192,911 | 72,064 | |
International Paper Co. | 3,131,292 | 70,861 | |
Weyerhaeuser Co. | 1,517,713 | 53,423 | |
Cliffs Natural | |||
Resources Inc. | 971,175 | 45,801 |
12
Institutional Index Fund | |||
Market | |||
Value• | |||
Shares | ($000) | ||
Sherwin-Williams Co. | 660,961 | 45,732 | |
Sigma-Aldrich Corp. | 870,454 | 43,375 | |
Vulcan Materials Co. | 915,665 | 40,133 | |
United States Steel Corp. | 1,028,228 | 39,638 | |
Airgas Inc. | 598,561 | 37,230 | |
Ball Corp. | 662,163 | 34,982 | |
CF Industries Holdings Inc. | 509,580 | 32,333 | |
* | Owens-Illinois Inc. | 1,181,883 | 31,261 |
Allegheny Technologies Inc. | 706,644 | 31,226 | |
FMC Corp. | 521,402 | 29,944 | |
Eastman Chemical Co. | 518,708 | 27,678 | |
MeadWestvaco Corp. | 1,223,778 | 27,168 | |
* | Pactiv Corp. | 951,879 | 26,510 |
International Flavors | |||
& Fragrances Inc. | 569,724 | 24,168 | |
Sealed Air Corp. | 1,142,369 | 22,527 | |
Bemis Co. Inc. | 782,259 | 21,121 | |
* | Titanium Metals Corp. | 603,322 | 10,612 |
AK Steel Holding Corp. | 786,808 | 9,379 | |
2,297,597 | |||
Telecommunication Services (3.0%) | |||
AT&T Inc. | 42,375,660 | 1,025,067 | |
Verizon | |||
Communications Inc. | 20,271,674 | 568,012 | |
* | American Tower Corp. | ||
Class A | 2,893,353 | 128,754 | |
* | Sprint Nextel Corp. | 21,379,572 | 90,650 |
CenturyLink Inc. | 2,154,553 | 71,768 | |
Qwest Communications | |||
International Inc. | 10,709,202 | 56,223 | |
Windstream Corp. | 3,464,261 | 36,583 | |
^ | Frontier | ||
Communications Corp. | 2,237,552 | 15,909 | |
* | MetroPCS | ||
Communications Inc. | 1,872,459 | 15,336 | |
2,008,302 | |||
Utilities (3.7%) | |||
Southern Co. | 5,913,219 | 196,792 | |
Exelon Corp. | 4,737,435 | 179,880 | |
Dominion Resources Inc. | 4,274,740 | 165,603 | |
Duke Energy Corp. | 9,417,369 | 150,678 | |
NextEra Energy Inc. | 2,973,912 | 145,008 | |
Public Service Enterprise | |||
Group Inc. | 3,628,591 | 113,684 | |
American Electric | |||
Power Co. Inc. | 3,434,422 | 110,932 | |
PG&E Corp. | 2,670,437 | 109,755 | |
Entergy Corp. | 1,357,674 | 97,237 | |
Consolidated Edison Inc. | 2,022,271 | 87,160 | |
Sempra Energy | 1,775,353 | 83,069 | |
PPL Corp. | 3,292,709 | 82,153 | |
Progress Energy Inc. | 2,059,644 | 80,779 | |
FirstEnergy Corp. | 2,186,288 | 77,023 | |
Edison International | 2,336,774 | 74,123 | |
Xcel Energy Inc. | 3,296,039 | 67,931 | |
Questar Corp. | 1,255,575 | 57,116 |
Market | |||
Value• | |||
Shares | ($000) | ||
DTE Energy Co. | 1,207,903 | 55,092 | |
Constellation Energy | |||
Group Inc. | 1,446,207 | 46,640 | |
* | AES Corp. | 4,790,835 | 44,267 |
Wisconsin Energy Corp. | 838,259 | 42,533 | |
Ameren Corp. | 1,708,677 | 40,615 | |
CenterPoint Energy Inc. | 2,985,985 | 39,296 | |
* | NRG Energy Inc. | 1,830,788 | 38,831 |
EQT Corp. | 1,031,725 | 37,287 | |
Oneok Inc. | 762,282 | 32,969 | |
Northeast Utilities | 1,262,092 | 32,158 | |
SCANA Corp. | 813,301 | 29,084 | |
NiSource Inc. | 1,989,584 | 28,849 | |
Pinnacle West Capital Corp. | 776,813 | 28,245 | |
Allegheny Energy Inc. | 1,214,750 | 25,121 | |
Pepco Holdings Inc. | 1,598,870 | 25,070 | |
Integrys Energy Group Inc. | 551,718 | 24,132 | |
CMS Energy Corp. | 1,646,813 | 24,126 | |
TECO Energy Inc. | 1,532,400 | 23,093 | |
Nicor Inc. | 324,059 | 13,124 | |
2,509,455 | |||
Total Common Stocks | |||
(Cost $73,103,977) | 66,852,183 | ||
Temporary Cash Investments (0.5%)1 | |||
Money Market Fund (0.4%) | |||
2,3 | Vanguard Market | ||
Liquidity Fund, 0.286% | 306,166,184 | 306,166 | |
Face | |||
Amount | |||
($000) | |||
U.S. Government and Agency Obligations (0.1%) | |||
4,5 | Fannie Mae Discount | ||
Notes, 0.180%, 7/7/10 | 7,000 | 7,000 | |
4,5 | Fannie Mae Discount | ||
Notes, 0.200%, 10/5/10 | 5,000 | 4,997 | |
4,5 | Fannie Mae Discount | ||
Notes, 0.341%, 3/1/11 | 20,000 | 19,951 | |
4,5 | Freddie Mac Discount | ||
Notes, 0.310%, 9/22/10 | 1,500 | 1,499 | |
4,5 | Freddie Mac Discount | ||
Notes, 0.295%, 12/15/10 | 1,000 | 999 | |
34,446 | |||
Total Temporary Cash Investments | |||
(Cost $340,615) | 340,612 | ||
Total Investments (100.1%) | |||
(Cost $73,444,592) | 67,192,795 | ||
Other Assets and Liabilities (-0.1%) | |||
Other Assets | 332,682 | ||
Liabilities3 | (394,814) | ||
(62,132) | |||
Net Assets (100%) | 67,130,663 |
13
Institutional Index Fund
At June 30, 2010, net assets consisted of: | |
Amount | |
($000) | |
Paid-in Capital | 74,071,868 |
Undistributed Net Investment Income | 23,342 |
Accumulated Net Realized Losses | (702,302) |
Unrealized Appreciation (Depreciation) | |
Investment Securities | (6,251,797) |
Futures Contracts | (10,448) |
Net Assets | 67,130,663 |
Institutional Shares—Net Assets | |
Applicable to 460,112,688 outstanding | |
$.001 par value shares of beneficial | |
interest (unlimited authorization) | 43,384,365 |
Net Asset Value Per Share— | |
Institutional Shares | $94.29 |
Institutional Plus Shares—Net Assets | |
Applicable to 251,834,113 outstanding | |
$.001 par value shares of beneficial | |
interest (unlimited authorization) | 23,746,298 |
Net Asset Value Per Share— | |
Institutional Plus Shares | $94.29 |
• See Note A in Notes to Financial Statements.
* Non-income-producing security.
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $106,246,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After giving effect to futures investments, the fund's effective common stock and temporary cash investment positions represent 100.0% and 0.1%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
3 Includes $109,473,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are not backed by the full faith and credit of the U.S. government.
5 Securities with a value of $34,446,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.
See accompanying Notes, which are an integral part of the Financial Statements.
14
Institutional Index Fund | |
Statement of Operations | |
Six Months Ended | |
June 30, 2010 | |
($000) | |
Investment Income | |
Income | |
Dividends | 708,067 |
Interest1 | 245 |
Security Lending | 2,790 |
Total Income | 711,102 |
Expenses | |
The Vanguard Group—Note B | |
Management and Administrative—Institutional Shares | 11,408 |
Management and Administrative—Institutional Plus Shares | 3,160 |
Total Expenses | 14,568 |
Net Investment Income | 696,534 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 759,473 |
Futures Contracts | (24,541) |
Realized Net Gain (Loss) | 734,932 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities | (6,248,901) |
Futures Contracts | (11,496) |
Change in Unrealized Appreciation (Depreciation) | (6,260,397) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (4,828,931) |
1 Interest income from an affiliated company of the fund was $212,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
15
Institutional Index Fund | ||
Statement of Changes in Net Assets | ||
Six Months Ended | Year Ended | |
June 30, | December 31, | |
2010 | 2009 | |
($000) | ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 696,534 | 1,452,497 |
Realized Net Gain (Loss) | 734,932 | 3,285,180 |
Change in Unrealized Appreciation (Depreciation) | (6,260,397) | 9,830,915 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (4,828,931) | 14,568,592 |
Distributions | ||
Net Investment Income | ||
Institutional Shares | (437,964) | (922,489) |
Institutional Plus Shares | (245,200) | (529,650) |
Realized Capital Gain | ||
Institutional Shares | — | — |
Institutional Plus Shares | — | — |
Total Distributions | (683,164) | (1,452,139) |
Capital Share Transactions | ||
Institutional Shares | 2,568,186 | 4,601,659 |
Institutional Plus Shares | 906,494 | 2,263,207 |
Net Increase (Decrease) from Capital Share Transactions | 3,474,680 | 6,864,866 |
Total Increase (Decrease) | (2,037,415) | 19,981,319 |
Net Assets | ||
Beginning of Period | 69,168,078 | 49,186,759 |
End of Period1 | 67,130,663 | 69,168,078 |
1 Net Assets—End of Period includes undistributed net investment income of $23,342,000 and $9,972,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
16
Institutional Index Fund | ||||||
Financial Highlights | ||||||
Institutional Shares | ||||||
Six Months | ||||||
Ended | ||||||
For a Share Outstanding | June 30, | Year Ended December 31, | ||||
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
Net Asset Value, Beginning of Period | $101.98 | $82.54 | $134.14 | $129.59 | $114.01 | $110.70 |
Investment Operations | ||||||
Net Investment Income | .993 | 2.207 | 2.521 | 2.560 | 2.240 | 2.050 |
Net Realized and Unrealized Gain (Loss) | ||||||
on Investments | (7.708) | 19.441 | (51.599) | 4.550 | 15.580 | 3.310 |
Total from Investment Operations | (6.715) | 21.648 | (49.078) | 7.110 | 17.820 | 5.360 |
Distributions | ||||||
Dividends from Net Investment Income | (.975) | (2.208) | (2.522) | (2.560) | (2.240) | (2.050) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.975) | (2.208) | (2.522) | (2.560) | (2.240) | (2.050) |
Net Asset Value, End of Period | $94.29 | $101.98 | $82.54 | $134.14 | $129.59 | $114.01 |
Total Return | -6.66% | 26.63% | -36.95% | 5.47% | 15.78% | 4.91% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $43,384 | $44,401 | $31,543 | $45,847 | $45,243 | $39,154 |
Ratio of Total Expenses to | ||||||
Average Net Assets | 0.05%1 | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to | ||||||
Average Net Assets | 1.96%1 | 2.56% | 2.28% | 1.90% | 1.87% | 1.87% |
Portfolio Turnover Rate2 | 4%1 | 11% | 7% | 7% | 8% | 8% |
1 Annualized.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares.
See accompanying Notes, which are an integral part of the Financial Statements.
17
Institutional Index Fund | ||||||
Financial Highlights | ||||||
Institutional Plus Shares | ||||||
Six Months | ||||||
Ended | ||||||
For a Share Outstanding | June 30, | Year Ended December 31, | ||||
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
Net Asset Value, Beginning of Period | $101.98 | $82.54 | $134.14 | $129.59 | $114.01 | $110.71 |
Investment Operations | ||||||
Net Investment Income | 1.005 | 2.229 | 2.548 | 2.597 | 2.269 | 2.068 |
Net Realized and Unrealized Gain (Loss) | ||||||
on Investments | (7.708) | 19.441 | (51.598) | 4.548 | 15.580 | 3.310 |
Total from Investment Operations | (6.703) | 21.670 | (49.050) | 7.145 | 17.849 | 5.378 |
Distributions | ||||||
Dividends from Net Investment Income | (.987) | (2.230) | (2.550) | (2.595) | (2.269) | (2.078) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.987) | (2.230) | (2.550) | (2.595) | (2.269) | (2.078) |
Net Asset Value, End of Period | $94.29 | $101.98 | $82.54 | $134.14 | $129.59 | $114.01 |
Total Return | -6.65% | 26.66% | -36.94% | 5.50% | 15.81% | 4.93% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $23,746 | $24,767 | $17,643 | $25,776 | $20,294 | $17,095 |
Ratio of Total Expenses to | ||||||
Average Net Assets | 0.025%1 | 0.025% | 0.025% | 0.025% | 0.025% | 0.025% |
Ratio of Net Investment Income to | ||||||
Average Net Assets | 1.98%1 | 2.59% | 2.30% | 1.93% | 1.90% | 1.90% |
Portfolio Turnover Rate2 | 4%1 | 11% | 7% | 7% | 8% | 8% |
1 Annualized.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund's capital shares.
See accompanying Notes, which are an integral part of the Financial Statements.
18
Institutional Index Fund
Notes to Financial Statements
Vanguard Institutional Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares, Institutional Shares and Institutional Plus Shares, to investors who invest minimum amounts of $5 million and $200 million, respectively.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at th e mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund’s pricing time but after the close of the sec urities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund’s net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.
2. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in t he underlying index while maintaining a cash balance for liquidity. The fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued at their quoted daily settlement pri ces. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (December 31, 2006–2009), and for the period ended June 30, 2010, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions to shareholders are recorded on the ex-dividend date.
19
Institutional Index Fund
5. Security Lending: The fund may lend its securities to qualified institutional borrowers to earn additional income. Security loans are required to be secured at all times by collateral at least equal to the market value of securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability for the return of the collateral, during the period the securities are on loan. Security lending income represents the income earned on investing cash collateral, less expenses associated with the loan.
6. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are tho se of the specific securities sold. Class-specific shareholder servicing fees are charged to each class at the contractual rate. Income, expenses not attributable to a specific class, and realized and unrealized gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group provides investment advisory, corporate management, administrative, marketing, and distribution services and pays for all other operating expenses, except for taxes, in return for a fee calculated a t an annual percentage rate of the average net assets of the fund, or, for shareholder services, each class of shares. The fund’s trustees and officer s are also directors and officers of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quote d prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of June 30, 2010, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | |
Investments | ($000) | ($000) | ($000) |
Common Stocks | 66,852,183 | — | — |
Temporary Cash Investments | 306,166 | 34,446 | — |
Futures Contracts—Assets1 | 36 | — | — |
Futures Contracts—Liabilities1 | (2,163) | — | — |
Total | 67,156,222 | 34,446 | — |
1 Represents variation margin on the last day of the reporting period. |
20
Institutional Index Fund
D. At June 30, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
($000) | ||||
Number of | Aggregate | Unrealized | ||
Long (Short) | Settlement | Appreciation | ||
Futures Contracts | Expiration | Contracts | Value | (Depreciation) |
S&P 500 Index | September 2010 | 537 | 137,821 | (3,801) |
E-mini S&P 500 Index | September 2010 | 2,287 | 117,392 | (6,647) |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Distributions are determined on a tax basis and may differ from net investment income and realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when certain items of income, expense, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. Differences in classification may also result from the trea tment of short-term gains as ordinary income for tax purposes.
During the six months ended June 30, 2010, the fund realized $93,221,000 of net capital gains resulting from in-kind redemptions—in which shareholders exchanged fund shares for securities held by the fund rather than for cash. Because such gains are not taxable to the fund, and are not distributed to shareholders, they have been reclassified from accumulated net realized losses to paid-in capital.
The fund’s tax-basis capital gains and losses are determined only a t the end of each fiscal year. For tax purposes, at December 31, 2009, the fund had available capital loss carryforwards totaling $1,342,501,000 to offset future net capital gains of $631,487,000 through December 31, 2014, $54,429,000 through December 31, 2015, and $656,585,000 through December 31, 2016. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending December 31, 2010; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
At June 30, 2010, the cost of investment securities for tax purposes was $73,444,592,000. Net unrealized depreciation of investment securities for tax purposes was $6,251,797,000, consisting of unrealized gains of $7,247,475,000 on securities that had risen in value since their purchase and $13,499,272,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the six months ended June 30, 2010, the fund purchased $5,164,829,000 of investment securities and sold $1,676,430,000 of investment securities, other than temporary cash investments.
21
Institutional Index Fund
G. Capital share transactions for each class of shares were: | ||||
Six Months Ended | Year Ended | |||
June 30, 2010 | December 31, 2009 | |||
Amount | Shares | Amount | Shares | |
($000) | (000) | ($000) | (000) | |
Institutional Shares | ||||
Issued | 5,874,502 | 56,698 | 10,784,824 | 125,715 |
Issued in Lieu of Cash Distributions | 402,496 | 3,935 | 832,657 | 9,266 |
Redeemed | (3,708,812) | (35,911) | (7,015,822) | (81,732) |
Net Increase (Decrease)—Institutional Shares | 2,568,186 | 24,722 | 4,601,659 | 53,249 |
Institutional Plus Shares | ||||
Issued | 2,576,310 | 25,017 | 5,888,812 | 71,004 |
Issued in Lieu of Cash Distributions | 237,572 | 2,322 | 509,495 | 5,659 |
Redeemed | (1,907,388) | (18,362) | (4,135,100) | (47,550) |
Net Increase (Decrease)—Institutional Plus Shares | 906,494 | 8,977 | 2,263,207 | 29,113 |
H. In preparing the financial statements as of June 30, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
22
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Your fund does not charge transaction fees, such as purchase or redemption fees, nor does it carry a “sales load.” The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
23
Six Months Ended June 30, 2010 | |||
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
Institutional Index Fund | 12/31/2009 | 6/30/2010 | Period |
Based on Actual Fund Return | |||
Institutional Shares | $1,000.00 | $933.42 | $0.24 |
Institutional Plus Shares | 1,000.00 | 933.53 | 0.12 |
Based on Hypothetical 5% Yearly Return | |||
Institutional Shares | $1,000.00 | $1,024.55 | $0.25 |
Institutional Plus Shares | 1,000.00 | 1,024.67 | 0.13 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.05% for Institutional Shares and 0.025% for Institutional Plus Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period.
24
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Institutional Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. Vanguard—through its Quantitative Equity Group—serves as the investment advisor for the fund. The board determined that con tinuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. The trustees considered the factors discussed below, among ot hers. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board considered the quality of the fund’s investment management over both the short and long term, and took into account the organizational depth and stability of the advisor. The board noted that Vanguard has been managing investments for more than three decades. The Quantitative Equity Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance of its target index and peer group. The board concluded that the fund has performed in line with expectations, and that its results have been consistent with its investment strategies. Information about the fund’s most recent performance can be found in the Performance Summary section of this report.
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group. The board noted that the fund’s advisory expense ratio was also well below its peer-group average. Information about the fund’s expense ratio appears in the About Your Fund’s Expenses section of this report as well as in the Financial Statements section.
The board does not conduct a profitability analysis of Vanguard, because of Vanguard’s unique “at-cost” structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees, and produces “profits” only in the form of reduced expenses for fund shareholders.
The benefit of economies of scale
The board concluded that the fund’s low-cost arrangement with Vanguard ensures that the fund and its
shareholders benefit from economies of scale.
The board will consider whether to renew the advisory arrangement again after a one-year period.
25
Glossary
30-Day SEC Yield. A fund’s 30-day SEC yield is derived using a formula specified by the U.S. Securities and Exchange Commission. Under the formula, data related to the fund’s security holdings in the previous 30 days are used to calculate the fund’s hypothetical net income for that period, which is then annualized and divided by the fund’s estimated average net assets over the calculation period. For the purposes of this calculation, a security’s income is based on its current market yield to maturity (in the case of bonds) or its projected dividend yield (for stocks). Because the SEC yield represents hypothetical annualized income, it will differ—at times significantly—from the fund’s actual experience. As a result, the fund’s income distributions may be higher or lower than implied by the SEC yield.
Beta. A measure of the magnitude of a fund’s past share-price fluctuations in relation to the ups and downs of a given market index. The index is assigned a beta of 1.00. Compared with a given index, a fund with a beta of 1.20 typically would have seen its share price rise or fall by 12% when the index rose or fell by 10%. For this report, beta is based on returns over the past 36 months for both the fund and the index. Note that a fund’s beta should be reviewed in conjunction with its R-squared (see definition). The lower the R-squared, the less correlation there is between the fund and the index, and the less reliable beta is as an indicator of volatility.
Dividend Yield. Dividend income earned by stocks, expressed as a percentage of the aggregate market value (or of net asset value, for a fund). The yield is determined by dividing the amount of the annual dividends by the aggregate value (or net asset value) at the end of the period. For a fund, the dividend yield is based solely on stock holdings and does not include any income produced by other investments.
Earnings Growth Rate. The average annual rate of growth in earnings over the past five years for the stocks now in a fund.
Equity Exposure. A measure that reflects a fund’s investments in stocks and stock futures. Any holdings in short-term reserves are excluded.
Expense Ratio. The percentage of a fund’s average net assets used to pay its annual administrative and advisory expenses. These expenses directly reduce returns to investors.
Foreign Holdings. The percentage of a fund represented by stocks or depositary receipts of companies based outside the United States.
Inception Date. The date on which the assets of a fund (or one of its share classes) are first invested in accordance with the fund’s investment objective. For funds with a subscription period, the inception date is the day after that period ends. Investment performance is measured from the inception date.
Median Market Cap. An indicator of the size of companies in which a fund invests; the midpoint of market capitalization (market price x shares outstanding) of a fund’s stocks, weighted by the proportion of the fund’s assets invested in each stock. Stocks representing half of the fund’s assets have market capitalizations above the median, and the rest are below it.
Price/Book Ratio. The share price of a stock divided by its net worth, or book value, per share. For a fund, the weighted average price/book ratio of the stocks it holds.
26
Price/Earnings Ratio. The ratio of a stock’s current price to its per-share earnings over the past year. For a fund, the weighted average P/E of the stocks it holds. P/E is an indicator of market expectations about corporate prospects; the higher the P/E, the greater the expectations for a company’s future growth.
R-Squared. A measure of how much of a fund’s past returns can be explained by the returns from the market in general, as measured by a given index. If a fund’s total returns were precisely synchronized with an index’s returns, its R-squared would be 1.00. If the fund’s returns bore no relationship to the index’s returns, its R-squared would be 0. For this report, R-squared is based on returns over the past 36 months for both the fund and the index.
Return on Equity. The annual average rate of return generated by a company during the past five years for each dollar of shareholder’s equity (net income divided by shareholder’s equity). For a fund, the weighted average return on equity for the companies whose stocks it holds.
Short-Term Reserves. The percentage of a fund invested in highly liquid, short-term securities that can be readily converted to cash.
Turnover Rate. An indication of the fund’s trading activity. Funds with high turnover rates incur higher transaction costs and may be more likely to distribute capital gains (which may be taxable to investors). The turnover rate excludes in-kind transactions, which have minimal impact on costs.
27
The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the f und. Your fund’s trustees also serve on the board of directors of The Vanguard Group, In c., which is owned by the Vanguard funds and provides services to them on an at-cost basis.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished background s in business, academia, and public service. Each of the trustees and executive officers oversees 162 Vanguard funds.
The following table provides information for each trustee and executive officer of the fund. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at www.vanguard.com.
Interested Trustee1 | Rajiv L. Gupta |
Born 1945. Trustee Since December 2001.2 | |
F. William McNabb III | Principal Occupation(s) During the Past Five Years: |
Born 1957. Trustee Since July 2009. Chairman of the | Chairman and Chief Executive Officer (retired 2009) |
Board. Principal Occupation(s) During the Past Five | and President (2006–2008) of Rohm and Haas Co. |
Years: Chairman of the Board of The Vanguard Group, | (chemicals); Director of Tyco International, Ltd. |
Inc., and of each of the investment companies served | (diversified manufacturing and services) and Hewlett- |
by The Vanguard Group, since January 2010; Director | Packard Co. (electronic computer manufacturing); |
of The Vanguard Group since 2008; Chief Executive | Trustee of The Conference Board; Member of the |
Officer and President of The Vanguard Group and of | Board of Managers of Delphi Automotive LLP |
each of the investment companies served by The | (automotive components). |
Vanguard Group since 2008; Director of Vanguard | |
Marketing Corporation; Managing Director of The | Amy Gutmann |
Vanguard Group (1995–2008). | Born 1949. Trustee Since June 2006. Principal |
Occupation(s) During the Past Five Years: President | |
of the University of Pennsylvania; Christopher H. | |
Independent Trustees | Browne Distinguished Professor of Political Science |
in the School of Arts and Sciences with secondary | |
Emerson U. Fullwood | appointments at the Annenberg School for Commu- |
Born 1948. Trustee Since January 2008. Principal | nication and the Graduate School of Education of |
Occupation(s) During the Past Five Years: Executive | the University of Pennsylvania; Director of Carnegie |
Chief Staff and Marketing Officer for North America | Corporation of New York, Schuylkill River Development |
and Corporate Vice President (retired 2008) of Xerox | Corporation, and Greater Philadelphia Chamber of |
Corporation (document management products and | Commerce; Trustee of the National Constitution Center; |
services); Director of SPX Corporation (multi-industry | Chair of the Presidential Commission for the Study of |
manufacturing), the United Way of Rochester, | Bioethical Issues. |
Amerigroup Corporation (managed health care), | |
the University of Rochester Medical Center, and | |
Monroe Community College Foundation. |
JoAnn Heffernan Heisen | Executive Officers | |
Born 1950. Trustee Since July 1998. Principal | ||
Occupation(s) During the Past Five Years: Corporate | Thomas J. Higgins | |
Vice President and Chief Global Diversity Officer since | Born 1957. Chief Financial Officer Since September | |
2006 (retired 2008) and Member of the Executive | 2008. Principal Occupation(s) During the Past Five | |
Committee (retired 2008) of Johnson & Johnson | Years: Principal of The Vanguard Group, Inc.; Chief | |
(pharmaceuticals/consumer products); Vice President | Financial Officer of each of the investment companies | |
and Chief Information Officer of Johnson & Johnson | served by The Vanguard Group since 2008; Treasurer | |
(1997–2005); Director of the University Medical Center | of each of the investment companies served by The | |
at Princeton and Women’s Research and Education | Vanguard Group (1998–2008). | |
Institute; Member of the Advisory Board of the | ||
Maxwell School of Citizenship and Public Affairs | Kathryn J. Hyatt | |
at Syracuse University. | Born 1955. Treasurer Since November 2008. Principal | |
Occupation(s) During the Past Five Years: Principal | ||
F. Joseph Loughrey | of The Vanguard Group, Inc.; Treasurer of each of | |
Born 1949. Trustee Since October 2009. Principal | the investment companies served by The Vanguard | |
Occupation(s) During the Past Five Years: President | Group since 2008; Assistant Treasurer of each of the | |
and Chief Operating Officer since 2005 (retired 2009) | investment companies served by The Vanguard Group | |
and Vice Chairman of the Board (2008–2009) of | (1988–2008). | |
Cummins Inc. (industrial machinery); Director of | ||
SKF AB (industrial machinery), Hillenbrand, Inc. | Heidi Stam | |
(specialized consumer services), Sauer-Danfoss Inc. | Born 1956. Secretary Since July 2005. Principal | |
(machinery), the Lumina Foundation for Education, | Occupation(s) During the Past Five Years: Managing | |
and Oxfam America; Chairman of the Advisory Council | Director of The Vanguard Group, Inc., since 2006; | |
for the College of Arts and Letters at the University of | General Counsel of The Vanguard Group since 2005; | |
Notre Dame. | Secretary of The Vanguard Group and of each of the | |
investment companies served by The Vanguard Group | ||
André F. Perold | since 2005; Director and Senior Vice President of | |
Born 1952. Trustee Since December 2004. Principal | Vanguard Marketing Corporation since 2005; | |
Occupation(s) During the Past Five Years: George | Principal of The Vanguard Group (1997–2006). | |
Gund Professor of Finance and Banking at the Harvard | ||
Business School; Chair of the Investment Committee | ||
of HighVista Strategies LLC (private investment firm). | Vanguard Senior Management Team | |
Alfred M. Rankin, Jr. | R. Gregory Barton | Michael S. Miller |
Born 1941. Trustee Since January 1993. Principal | Mortimer J. Buckley | James M. Norris |
Occupation(s) During the Past Five Years: Chairman, | Kathleen C. Gubanich | Glenn W. Reed |
President, and Chief Executive Officer of NACCO | Paul A. Heller | George U. Sauter |
Industries, Inc. (forklift trucks/housewares/lignite); | ||
Director of Goodrich Corporation (industrial products/ | ||
aircraft systems and services); Chairman of the Federal | Chairman Emeritus and Senior Advisor | |
Reserve Bank of Cleveland; Trustee of The Cleveland | ||
Museum of Art. | John J. Brennan | |
Chairman, 1996–2009 | ||
Peter F. Volanakis | Chief Executive Officer and President, 1996–2008 | |
Born 1955. Trustee Since July 2009. Principal | ||
Occupation(s) During the Past Five Years: President | ||
since 2007 and Chief Operating Officer since 2005 | Founder | |
of Corning Incorporated (communications equipment); | ||
President of Corning Technologies (2001–2005); | John C. Bogle | |
Director of Corning Incorporated and Dow Corning; | Chairman and Chief Executive Officer, 1974–1996 | |
Trustee of the Corning Incorporated Foundation and | ||
the Corning Museum of Glass; Overseer of the | ||
Amos Tuck School of Business Administration at | ||
Dartmouth College. |
1 Mr. McNabb is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
2 December 2002 for Vanguard Equity Income Fund, Vanguard Growth Equity Fund, the Vanguard Municipal Bond Funds, and the Vanguard State Tax-Exempt Funds.
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Q942 082010 |
![]() |
Vanguard Institutional Total Stock |
Market Index Fund Semiannual Report |
June 30, 2010 |
![]() |
> For the first half of 2010, Vanguard Institutional Total Stock Market Index Fund returned about –6%.
> The fund closely tracked its benchmark index; its return was slightly ahead of its peer group average.
> All ten sectors of the fund posted negative returns. Information technology, energy, and health care stocks detracted the most from the fund’s returns for the period.
Contents | |
Your Fund’s Total Returns. | 1 |
Chairman’s Letter. | 2 |
Fund Profile. | 6 |
Performance Summary. | 7 |
Financial Statements. | 8 |
About Your Fund’s Expenses. | 53 |
Trustees Approve Advisory Arrangement. | 55 |
Glossary. | 56 |
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionaltotalstockx2x1.jpg)
Please note: The opinions expressed in this report are just that—informed opinions. They should not be considered promises or advice. Also, please keep in mind that the information and opinions cover the period through the date on the front of this report. Of course, the risks of investing in your fund are spelled out in the prospectus.
See the Glossary for definitions of investment terms used in this report.
Cover photograph: Veronica Coia.
Your Fund’s Total Returns | |
Six Months Ended June 30, 2010 | |
Total | |
Returns | |
Vanguard Institutional Total Stock Market Index Fund | |
Institutional Shares | -5.93% |
Institutional Plus Shares | -5.92 |
MSCI US Broad Market Index | -5.94 |
Multi-Cap Core Funds Average | -6.32 |
Multi-Cap Core Funds Average: Derived from data provided by Lipper Inc.
Institutional Shares are available for a minimum investment of $100 million. Institutional Plus Shares are available for a minimum investment of $200 million.
Your Fund’s Performance at a Glance | ||||
December 31, 2009 , Through June 30, 2010 | ||||
Distributions Per Share | ||||
Starting | Ending | Income | Capital | |
Share Price | Share Price | Dividends | Gains | |
Vanguard Institutional Total Stock Market Index | ||||
Fund | ||||
Institutional Shares | $24.80 | $23.12 | $0.226 | $0.000 |
Institutional Plus Shares | 24.81 | 23.13 | 0.228 | 0.000 |
1
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionaltotalstockx4x1.jpg)
Chairman’s Letter
Dear Shareholder,
Gains made in the U.S. stock market during the first quarter quickly dissipated in the second quarter as a result of growing concern over the fiscal well-being of the global economy. For the half-year ended June 30, Vanguard Institutional Total Stock Market Index Fund returned about –6%. Despite the volatile market, the fund met its primary objective of closely tracking its target index.
The Institutional Total Stock Market Index Fund is heavily weighted in large-capitalization stocks. However, the fund’s mandate ensures exposure to mid- and small-cap companies, which pushed the fund’s return higher by outperforming their large-cap counterparts.
Sovereign debt worries pulled down stock returns
After pulling back a bit in January from 2009’s strong gains, stocks rose steadily as winter turned to spring. Rapid growth in corporate earnings and optimism about the strength of the economic recovery were dominant themes. But in May, the scope of Europe’s fiscal challenges became clearer, and stock prices retreated sharply. For the full six months, U.S. stocks returned about –6%. Small-capitalization stocks, representing companies less exposed to global turmoil than large-cap multinationals, lost less ground than larger stocks.
2
International stocks also posted negative six-month returns. For U.S.-based investors, a strengthening U.S. dollar further reduced the returns from non-U.S. stocks, particularly in Europe, where the euro fell noticeably in value.
Bonds continued to show strength as investors looked for safer assets
With the economic recovery appearing to decelerate and inflation remaining dormant, bonds stayed in favor throughout the period. As worries persisted about possible fallout from Europe’s sovereign debt problems, many investors sought safety in U.S. Treasuries. Higher-quality corporate bonds also performed well as earnings reports indicated that company balance sheets remained in good shape.
Municipal bonds, with their history of low default rates, also held their ground despite ongoing concerns about deficits confronting many state and local governments. In this risk-averse environment, lower-rated, higher-risk corporate bonds lagged a bit. For the full six months, the broad taxable market returned more than 5%; municipal securities returned more than 3%.
Value stocks prevailed as the market declined
During the half-year, investors gravitated toward value stocks. Growth stocks, particularly those within the information technology sector, fell precipitously in the second quarter.
Market Barometer | |||
Total Returns | |||
Periods Ended June 30, 2010 | |||
Six | One | Five Years | |
Months | Year | (Annualized) | |
Stocks | |||
Russell 1000 Index (Large-caps) | -6.40% | 15.24% | -0.56% |
Russell 2000 Index (Small-caps) | -1.95 | 21.48 | 0.37 |
Dow Jones U.S. Total Stock Market Index | -5.67 | 16.20 | -0.08 |
MSCI All Country World Index ex USA (International) | -10.80 | 10.87 | 3.84 |
Bonds | |||
Barclays Capital U.S. Aggregate Bond Index (Broad | |||
taxable market) | 5.33% | 9.50% | 5.54% |
Barclays Capital Municipal Bond Index | 3.31 | 9.61 | 4.40 |
Citigroup Three-Month U.S. Treasury Bill Index | 0.06 | 0.12 | 2.63 |
CPI | |||
Consumer Price Index | 0.93% | 1.05% | 2.30% |
3
Tech stocks, which represent the largest sector in the Institutional Total Stock Market Index Fund (nearly 19%, on average), detracted almost 2 percentage points from the fund’s return for the period. Despite stronger earnings at the beginning of the year, the stocks of internet software-related companies and those that sell communication equipment faltered as investors worried about the strength of spending on software upgrades, new equipment, and internet services.
While growth stocks suffered the brunt of the stock market’s decline in the second quarter, value stocks did not escape unscathed. The energy, health care, and financial sectors dragged down the fund’s performance.
Energy stocks slumped as integrated oil and gas companies suffered from the prospect of tougher government regulation in the aftermath of the BP oil spill in the Gulf of Mexico. Health care stocks declined from the combined effects of looming patent expirations, drug recalls, and overall discomfort with health care reform legislation. Financials, the largest value sector represented in the fund, also had weak results as investment banks and financial services firms came under intense regulatory scrutiny following the global credit crisis.
Although the Institutional Total Stock Market Index Fund benefited slightly from its small- and mid-cap assets, their gains were not enough to turn its results positive. Every sector turned in negative results.
Despite periods of heightened volatility, the fund stayed within a few basis points of the index return, a tribute to Vanguard Quantitative Equity Group, the fund’s advisor. In managing the fund, the Quantitative Equity Group seeks to deliver market-tracking results using both skilled portfolio management and sophisticated risk-control and trading systems.
Diversification is key in all market conditions
The stock market’s abrupt descent in the spring took many by surprise. It was the biggest six-month drop in the market since the spring of 2009, right before the stock market’s rally.
How the market will perform the remainder of the year is anybody’s guess. What we know for certain about the stock market is that, as in life, nothing is permanent except change. The market will fluctuate, large- and smaller-cap stocks will fall in and out of favor, and certain sectors will be more profitable than others depending on what’s happening in the economy.
4
That’s why Vanguard encourages investors to limit risk by maintaining a balanced portfolio of stock, bond, and money market funds. While it is impossible to stay completely immune to market gyrations, you can protect your institution’s assets from the brunt of wild market swings by diversifying your portfolio among, and within, different asset classes.
With its broadly diversified holdings, low costs, and market-like returns, the Institutional Total Stock Market Index Fund can play an important role within such a portfolio.
Thank you for entrusting your institution’s assets to Vanguard.
Sincerely,
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionaltotalstockx7x1.jpg)
F. William McNabb III
Chairman and Chief Executive Officer
July 12, 2010
5
Institutional Total Stock Market Index Fund
Fund Profile
As of June 30, 2010
Share-Class Characteristics | ||
Institutional | Institutional | |
Shares | Plus Shares | |
Ticker Symbol | VITNX | VITPX |
Expense Ratio1 | 0.045% | 0.025% |
30-Day SEC Yield | 1.83% | 1.85% |
Portfolio Characteristics | ||
MSCI US | ||
Broad Market | ||
Fund | Index | |
Number of Stocks | 3,255 | 3,550 |
Median Market Cap | $25.1B | $25.1B |
Price/Earnings Ratio | 17.3x | 17.3x |
Price/Book Ratio | 1.9x | 1.9x |
Return on Equity | 19.3% | 19.2% |
Earnings Growth Rate | 6.8% | 6.8% |
Dividend Yield | 2.0% | 2.0% |
Foreign Holdings | 0.0% | 0.0% |
Turnover Rate | ||
(Annualized) | 10% | — |
Short-Term Reserves | -0.1% | — |
Sector Diversification (% of equity exposure) | ||
MSCI US | ||
Broad Market | ||
Fund | Index | |
Consumer Discretionary | 10.9% | 10.9% |
Consumer Staples | 10.0 | 10.0 |
Energy | 10.2 | 10.1 |
Financials | 16.4 | 16.4 |
Health Care | 12.3 | 12.3 |
Industrials | 11.1 | 11.1 |
Information Technology | 18.7 | 18.8 |
Materials | 3.8 | 3.8 |
Telecommunication | ||
Services | 2.8 | 2.8 |
Utilities | 3.8 | 3.8 |
Volatility Measures | |
MSCI US | |
Broad Market | |
Index | |
R-Squared | 1.00 |
Beta | 1.00 |
These measures show the degree and timing of the fund’s fluctuations compared with the index over 36 months. |
Ten Largest Holdings (% of total net assets) | ||
Exxon Mobil Corp. | Integrated Oil & | |
Gas | 2.5% | |
Apple Inc. | Computer | |
Hardware | 2.0 | |
Microsoft Corp. | Systems Software | 1.6 |
Procter & Gamble Co. | Household | |
Products | 1.5 | |
Johnson & Johnson | Pharmaceuticals | 1.4 |
International Business | IT Consulting & | |
Machines Corp. | Other Services | 1.4 |
General Electric Co. | Industrial | |
Conglomerates | 1.3 | |
JPMorgan Chase & Co. | Diversified Financial | |
Services | 1.3 | |
Bank of America Corp. | Diversified Financial | |
Services | 1.2 | |
AT&T Inc. | Integrated | |
Telecommunication | ||
Services | 1.2 | |
Top Ten | 15.4% | |
The holdings listed exclude any temporary cash investments and equity index products. |
Investment Focus
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionaltotalstockx8x1.jpg)
1 The expense ratios shown are from the prospectus dated April 29, 2010. For the six months ended June 30, 2010, the annualized expense ratios were 0.045% for Institutional Shares and 0.025% for Institutional Plus Shares.
6
Institutional Total Stock Market Index Fund
Performance Summary
All of the returns in this report represent past performance, which is not a guarantee of future results that may be achieved by the fund. (Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at www.vanguard.com/performance.) Note, too, that both investment returns and principal value can fluctuate widely, so an investor’s shares, when sold, could be worth more or less than their original cost. The returns shown do not reflect taxes that a shareholder would pay on fund distributions or on the sale of fund shares.
Fiscal-Year Total Returns (%): August 31, 2001, Through June 30, 2010
![](https://capedge.com/proxy/N-CSRS/0000932471-10-002832/institutionaltotalstockx9x1.jpg)
Spliced Institutional Total Stock Market Index: Dow Jones Wilshire 5000 Index through April 8, 2005; MSCI US Broad Market Index thereafter.
Note: For 2010, performance data reflect the six months ended June 30, 2010.
Average Annual Total Returns: Periods Ended June 30, 2010
Inception | One | Five | Since | |
Date | Year | Years | Inception | |
Institutional Shares | 8/31/2001 | 16.08% | -0.12% | 2.02% |
Institutional Plus Shares | 5/31/2001 | 16.10 | -0.09 | 0.93 |
See Financial Highlights for dividend and capital gains information.
7
Institutional Total Stock Market Index Fund
Financial Statements (unaudited)
Statement of Net Assets
As of June 30, 2010
The fund reports a complete list of its holdings in regulatory filings four times in each fiscal year, at the quarter-ends. For the second and fourth fiscal quarters, the lists appear in the fund’s semiannual and annual reports to shareholders. For the first and third fiscal quarters, the fund files the lists with the Securities and Exchange Commission on Form N-Q. Shareholders can look up the fund’s Forms N-Q on the SEC’s website at www.sec.gov. Forms N-Q may also be reviewed and copied at the SEC’s Public Reference Room (see the back cover of this report for further information).
Market | |||
Value• | |||
Shares | ($000) | ||
Common Stocks (99.4%)1 | |||
Consumer Discretionary (10.8%) | |||
McDonald’s Corp. | 1,113,374 | 73,338 | |
Walt Disney Co. | 1,906,623 | 60,059 | |
Home Depot Inc. | 1,759,595 | 49,392 | |
Comcast Corp. Class A | 2,726,639 | 47,362 | |
* | Amazon.com Inc. | 368,016 | 40,209 |
Target Corp. | 732,006 | 35,993 | |
Time Warner Inc. | 1,190,224 | 34,409 | |
* | DIRECTV Class A | 945,139 | 32,059 |
* | Ford Motor Co. | 3,070,849 | 30,954 |
Lowe’s Cos. Inc. | 1,509,767 | 30,829 | |
News Corp. Class A | 2,333,449 | 27,908 | |
NIKE Inc. Class B | 390,766 | 26,396 | |
Time Warner Cable Inc. | 364,824 | 19,000 | |
Yum! Brands Inc. | 485,643 | 18,960 | |
Starbucks Corp. | 769,287 | 18,694 | |
Johnson Controls Inc. | 695,129 | 18,678 | |
TJX Cos. Inc. | 434,309 | 18,219 | |
Viacom Inc. Class B | 574,362 | 18,018 | |
Carnival Corp. | 481,200 | 14,551 | |
* | Kohl’s Corp. | 301,398 | 14,316 |
Staples Inc. | 749,144 | 14,271 | |
Best Buy Co. Inc. | 367,717 | 12,451 | |
Coach Inc. | 325,150 | 11,884 | |
Omnicom Group Inc. | 321,322 | 11,021 | |
* | Bed Bath & Beyond Inc. | 271,178 | 10,055 |
Gap Inc. | 499,833 | 9,727 | |
McGraw-Hill Cos. Inc. | 326,673 | 9,193 | |
Marriott International Inc. | |||
Class A | 296,799 | 8,886 | |
CBS Corp. Class B | 647,249 | 8,369 | |
* | priceline.com Inc. | 47,191 | 8,331 |
Starwood Hotels & | |||
Resorts Worldwide Inc. | 193,379 | 8,012 | |
Mattel Inc. | 376,361 | 7,964 | |
Stanley Black & | |||
Decker Inc. | 156,617 | 7,912 | |
Macy’s Inc. | 436,480 | 7,813 | |
* | Las Vegas Sands Corp. | 341,694 | 7,565 |
Market | |||
Value• | |||
Shares | ($000) | ||
Ross Stores Inc. | 128,219 | 6,833 | |
Whirlpool Corp. | 77,444 | 6,801 | |
* | O’Reilly Automotive Inc. | 142,424 | 6,774 |
VF Corp. | 91,974 | 6,547 | |
Genuine Parts Co. | 164,455 | 6,488 | |
Wynn Resorts Ltd. | 82,902 | 6,323 | |
Ltd Brands Inc. | 283,523 | 6,257 | |
* | Liberty Media Corp.- | ||
Interactive | 587,616 | 6,170 | |
Cablevision Systems Corp. | |||
Class A | 256,711 | 6,164 | |
Fortune Brands Inc. | 157,287 | 6,163 | |
* | Apollo Group Inc. Class A | 143,840 | 6,109 |
* | AutoZone Inc. | 30,771 | 5,946 |
Nordstrom Inc. | 180,308 | 5,804 | |
* | Dollar Tree Inc. | 137,322 | 5,717 |
H&R Block Inc. | 347,825 | 5,457 | |
Virgin Media Inc. | 324,529 | 5,416 | |
Harley-Davidson Inc. | 242,658 | 5,394 | |
Darden Restaurants Inc. | 137,974 | 5,360 | |
Hasbro Inc. | 127,219 | 5,229 | |
Family Dollar Stores Inc. | 136,080 | 5,129 | |
* | Discovery | ||
Communications Inc. | |||
Class A | 140,241 | 5,008 | |
* | NetFlix Inc. | 46,042 | 5,002 |
Advance Auto Parts Inc. | 98,082 | 4,922 | |
Tiffany & Co. | 129,069 | 4,893 | |
International Game | |||
Technology | 307,863 | 4,833 | |
* | Urban Outfitters Inc. | 139,948 | 4,813 |
Polo Ralph Lauren Corp. | |||
Class A | 65,905 | 4,808 | |
JC Penney Co. Inc. | 220,619 | 4,739 | |
* | CarMax Inc. | 231,546 | 4,608 |
* | Discovery | ||
Communications Inc. | 147,022 | 4,547 | |
* | BorgWarner Inc. | 121,097 | 4,522 |
* | Chipotle Mexican Grill Inc. | ||
Class A | 32,828 | 4,491 |
8
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Autoliv Inc. | 88,334 | 4,227 |
Newell Rubbermaid Inc. | 288,176 | 4,219 | |
Expedia Inc. | 218,670 | 4,107 | |
* | NVR Inc. | 6,017 | 3,941 |
DISH Network Corp. | |||
Class A | 216,402 | 3,928 | |
PetSmart Inc. | 128,310 | 3,871 | |
* | Sirius XM Radio Inc. | 4,021,100 | 3,818 |
Scripps Networks | |||
Interactive Inc. Class A | 93,948 | 3,790 | |
Wyndham Worldwide Corp. | 185,346 | 3,733 | |
* | Liberty Media Corp.- | ||
Capital | 88,796 | 3,721 | |
* | Liberty Global Inc. Class A | 140,267 | 3,646 |
^ | Garmin Ltd. | 124,819 | 3,642 |
* | Interpublic Group of | ||
Cos. Inc. | 504,648 | 3,598 | |
DeVry Inc. | 66,367 | 3,484 | |
Gannett Co. Inc. | 246,094 | 3,312 | |
* | Royal Caribbean | ||
Cruises Ltd. | 144,480 | 3,290 | |
Comcast Corp. | 199,815 | 3,283 | |
* | Liberty Global Inc. | 123,697 | 3,215 |
*,^ | Sears Holdings Corp. | 47,898 | 3,097 |
Leggett & Platt Inc. | 154,207 | 3,093 | |
* | ITT Educational | ||
Services Inc. | 36,951 | 3,068 | |
* | GameStop Corp. Class A | 162,480 | 3,053 |
* | Lear Corp. | 45,694 | 3,025 |
Strayer Education Inc. | 14,510 | 3,016 | |
* | Aeropostale Inc. | 104,618 | 2,996 |
* | Pulte Group Inc. | 357,993 | 2,964 |
DR Horton Inc. | 297,211 | 2,922 | |
Abercrombie & Fitch Co. | 91,496 | 2,808 | |
* | Mohawk Industries Inc. | 60,463 | 2,767 |
* | Big Lots Inc. | 85,927 | 2,757 |
Phillips-Van Heusen Corp. | 59,541 | 2,755 | |
* | LKQ Corp. | 140,484 | 2,709 |
* | Liberty Media Corp.-Starz | 51,446 | 2,667 |
* | MGM Resorts International | 275,113 | 2,652 |
Tupperware Brands Corp. | 65,587 | 2,614 | |
Gentex Corp. | 144,630 | 2,600 | |
Jarden Corp. | 95,687 | 2,571 | |
RadioShack Corp. | 130,467 | 2,545 | |
Washington Post Co. | |||
Class B | 6,191 | 2,541 | |
Williams-Sonoma Inc. | 99,226 | 2,463 | |
* | Signet Jewelers Ltd. | 88,877 | 2,444 |
* | Dollar General Corp. | 88,600 | 2,441 |
American Eagle | |||
Outfitters Inc. | 205,123 | 2,410 | |
* | Hanesbrands Inc. | 99,281 | 2,389 |
* | Toll Brothers Inc. | 145,893 | 2,387 |
* | WMS Industries Inc. | 60,771 | 2,385 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Goodyear Tire & | ||
Rubber Co. | 239,600 | 2,382 | |
* | TRW Automotive | ||
Holdings Corp. | 85,856 | 2,367 | |
* | Panera Bread Co. Class A | 31,334 | 2,359 |
* | J Crew Group Inc. | 63,006 | 2,319 |
* | Dick’s Sporting Goods Inc. | 93,157 | 2,319 |
Tractor Supply Co. | 37,522 | 2,288 | |
* | Tempur-Pedic | ||
International Inc. | 72,705 | 2,236 | |
* | Harman International | ||
Industries Inc. | 72,185 | 2,158 | |
* | DreamWorks Animation | ||
SKG Inc. Class A | 74,681 | 2,132 | |
Foot Locker Inc. | 163,504 | 2,063 | |
* | Career Education Corp. | 87,097 | 2,005 |
Service Corp. International | 266,699 | 1,974 | |
Guess? Inc. | 62,412 | 1,950 | |
* | Fossil Inc. | 55,514 | 1,926 |
* | Deckers Outdoor Corp. | 13,455 | 1,922 |
Lennar Corp. Class A | 136,186 | 1,894 | |
* | Bally Technologies Inc. | 57,397 | 1,859 |
Chico’s FAS Inc. | 186,661 | 1,844 | |
John Wiley & Sons Inc. | |||
Class A | 46,582 | 1,801 | |
Polaris Industries Inc. | 32,631 | 1,782 | |
*,^ | Lululemon Athletica Inc. | 47,444 | 1,766 |
* | Warnaco Group Inc. | 47,619 | 1,721 |
* | Hyatt Hotels Corp. Class A | 45,678 | 1,694 |
Burger King Holdings Inc. | 99,793 | 1,681 | |
* | Penn National Gaming Inc. | 69,916 | 1,615 |
* | Valassis | ||
Communications Inc. | 50,848 | 1,613 | |
Sotheby’s | 69,309 | 1,585 | |
* | Carter’s Inc. | 60,312 | 1,583 |
Brinker International Inc. | 108,056 | 1,562 | |
Wendy’s/Arby’s Group Inc. | |||
Class A | 388,282 | 1,553 | |
* | Lamar Advertising Co. | ||
Class A | 60,790 | 1,491 | |
* | Live Nation | ||
Entertainment Inc. | 141,604 | 1,480 | |
* | Dress Barn Inc. | 61,066 | 1,454 |
* | Dana Holding Corp. | 144,748 | 1,447 |
Jones Apparel Group Inc. | 90,789 | 1,439 | |
* | Rent-A-Center Inc. | 69,262 | 1,403 |
Hillenbrand Inc. | 65,032 | 1,391 | |
*,^ | AutoNation Inc. | 70,993 | 1,384 |
* | Gymboree Corp. | 31,489 | 1,345 |
* | Cheesecake Factory Inc. | 60,183 | 1,340 |
Interactive Data Corp. | 40,117 | 1,339 | |
* | Tenneco Inc. | 62,560 | 1,318 |
* | Coinstar Inc. | 30,619 | 1,316 |
Wolverine World Wide Inc. | 51,939 | 1,310 | |
* | Skechers U.S.A. Inc. Class A | 35,518 | 1,297 |
9
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Capella Education Co. | 15,652 | 1,273 |
* | Madison Square Garden Inc. | ||
Class A | 64,726 | 1,273 | |
* | Life Time Fitness Inc. | 39,198 | 1,246 |
Aaron’s Inc. | 72,958 | 1,245 | |
*,^ | Under Armour Inc. Class A | 37,332 | 1,237 |
* | Eastman Kodak Co. | 281,275 | 1,221 |
Meredith Corp. | 37,816 | 1,177 | |
* | Office Depot Inc. | 288,830 | 1,167 |
* | New York Times Co. Class A | 134,888 | 1,167 |
Dillard’s Inc. Class A | 54,227 | 1,166 | |
Brunswick Corp. | 93,161 | 1,158 | |
Regal Entertainment Group | |||
Class A | 88,677 | 1,156 | |
* | OfficeMax Inc. | 87,954 | 1,149 |
* | Jack in the Box Inc. | 58,245 | 1,133 |
Pool Corp. | 51,673 | 1,133 | |
* | Childrens Place Retail | ||
Stores Inc. | 25,692 | 1,131 | |
Cracker Barrel | |||
Old Country Store Inc. | 24,195 | 1,127 | |
Cooper Tire & Rubber Co. | 56,376 | 1,099 | |
* | Iconix Brand Group Inc. | 75,427 | 1,084 |
* | Saks Inc. | 142,418 | 1,081 |
MDC Holdings Inc. | 39,624 | 1,068 | |
* | Collective Brands Inc. | 67,513 | 1,067 |
* | JOS A Bank Clothiers Inc. | 19,512 | 1,053 |
* | Vail Resorts Inc. | 30,130 | 1,052 |
* | Jo-Ann Stores Inc. | 26,901 | 1,009 |
* | AnnTaylor Stores Corp. | 61,996 | 1,009 |
* | American Public | ||
Education Inc. | 22,990 | 1,005 | |
* | HSN Inc. | 40,916 | 982 |
* | Morningstar Inc. | 22,738 | 967 |
Men’s Wearhouse Inc. | 52,552 | 965 | |
Thor Industries Inc. | 40,356 | 958 | |
^ | Buckle Inc. | 29,357 | 952 |
Choice Hotels | |||
International Inc. | 31,369 | 948 | |
* | CROCS Inc. | 89,548 | 947 |
Matthews International Corp. | |||
Class A | 32,354 | 947 | |
Regis Corp. | 60,829 | 947 | |
PF Chang’s China Bistro Inc. | 23,837 | 945 | |
Arbitron Inc. | 36,799 | 943 | |
Weight Watchers | |||
International Inc. | 36,339 | 934 | |
KB Home | 83,557 | 919 | |
Brown Shoe Co. Inc. | 59,927 | 910 | |
* | Corinthian Colleges Inc. | 91,126 | 898 |
CKE Restaurants Inc. | 69,427 | 870 | |
* | Sally Beauty Holdings Inc. | 104,267 | 855 |
* | Blue Nile Inc. | 18,076 | 851 |
* | CEC Entertainment Inc. | 23,812 | 840 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Lions Gate | ||
Entertainment Corp. | 114,557 | 800 | |
* | Steven Madden Ltd. | 25,353 | 799 |
Bob Evans Farms Inc. | 32,374 | 797 | |
Scholastic Corp. | 32,946 | 795 | |
* | Belo Corp. Class A | 135,897 | 773 |
Cinemark Holdings Inc. | 58,234 | 766 | |
* | Pier 1 Imports Inc. | 118,527 | 760 |
* | Gaylord Entertainment Co. | 34,211 | 756 |
Finish Line Inc. Class A | 54,013 | 752 | |
* | BJ’s Restaurants Inc. | 30,918 | 730 |
* | 99 Cents Only Stores | 49,173 | 728 |
International Speedway Corp. | |||
Class A | 28,175 | 726 | |
Ryland Group Inc. | 45,522 | 720 | |
* | Timberland Co. Class A | 44,073 | 712 |
National CineMedia Inc. | 42,155 | 702 | |
NutriSystem Inc. | 30,519 | 700 | |
American Greetings Corp. | |||
Class A | 37,238 | 699 | |
* | Orient-Express Hotels Ltd. | ||
Class A | 93,715 | 693 | |
Cato Corp. Class A | 30,998 | 683 | |
* | Talbots Inc. | 66,108 | 682 |
* | Buffalo Wild Wings Inc. | 18,578 | 680 |
* | Scientific Games Corp. | ||
Class A | 72,977 | 671 | |
* | Hibbett Sports Inc. | 27,561 | 660 |
* | American Axle & | ||
Manufacturing Holdings Inc. | 89,907 | 659 | |
* | Charming Shoppes Inc. | 171,086 | 642 |
* | Maidenform Brands Inc. | 31,470 | 641 |
* | Cabela’s Inc. | 42,846 | 606 |
* | Education | ||
Management Corp. | 39,480 | 602 | |
* | Pre-Paid Legal Services Inc. | 13,020 | 592 |
* | Universal Technical | ||
Institute Inc. | 24,980 | 591 | |
* | G-III Apparel Group Ltd. | 25,693 | 588 |
* | Citi Trends Inc. | 17,831 | 587 |
* | Group 1 Automotive Inc. | 24,155 | 568 |
Ethan Allen Interiors Inc. | 40,016 | 560 | |
Ameristar Casinos Inc. | 37,141 | 559 | |
* | California Pizza Kitchen Inc. | 36,774 | 557 |
* | Clear Channel Outdoor | ||
Holdings Inc. Class A | 63,040 | 547 | |
CTC Media Inc. | 37,849 | 547 | |
^ | Barnes & Noble Inc. | 41,924 | 541 |
* | Pinnacle Entertainment Inc. | 57,162 | 541 |
* | Liz Claiborne Inc. | 126,974 | 536 |
* | Asbury Automotive | ||
Group Inc. | 50,485 | 532 | |
* | Ulta Salon Cosmetics & | ||
Fragrance Inc. | 22,440 | 531 |
10
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Texas Roadhouse Inc. | ||
Class A | 41,889 | 529 | |
Monro Muffler Brake Inc. | 13,369 | 528 | |
* | Peet’s Coffee & Tea Inc. | 13,339 | 524 |
*,^ | Fuel Systems Solutions Inc. | 20,012 | 519 |
Churchill Downs Inc. | 15,622 | 512 | |
* | K-Swiss Inc. Class A | 45,352 | 509 |
Stewart Enterprises Inc. | |||
Class A | 93,833 | 508 | |
Harte-Hanks Inc. | 48,452 | 506 | |
* | Helen of Troy Ltd. | 22,871 | 505 |
* | Papa John’s International Inc. | 21,322 | 493 |
Big 5 Sporting Goods Corp. | 36,826 | 484 | |
* | Penske Automotive | ||
Group Inc. | 41,038 | 466 | |
* | Domino’s Pizza Inc. | 41,064 | 464 |
* | AFC Enterprises Inc. | 50,608 | 461 |
Callaway Golf Co. | 76,125 | 460 | |
* | Boyd Gaming Corp. | 54,063 | 459 |
* | Genesco Inc. | 17,339 | 456 |
* | Ascent Media Corp. Class A | 18,011 | 455 |
Unifirst Corp. | 10,278 | 452 | |
* | America’s Car-Mart Inc. | 19,702 | 446 |
* | Sonic Corp. | 57,185 | 443 |
* | Drew Industries Inc. | 21,790 | 440 |
* | Steiner Leisure Ltd. | 11,424 | 439 |
Christopher & Banks Corp. | 69,657 | 431 | |
Columbia Sportswear Co. | 9,195 | 429 | |
* | True Religion Apparel Inc. | 19,394 | 428 |
Bebe Stores Inc. | 65,825 | 421 | |
* | Shutterfly Inc. | 17,378 | 416 |
* | Meritage Homes Corp. | 25,458 | 414 |
CPI Corp. | 17,789 | 399 | |
* | Overstock.com Inc. | 21,662 | 391 |
Fred’s Inc. Class A | 34,880 | 386 | |
* | Denny’s Corp. | 147,857 | 384 |
* | iRobot Corp. | 20,121 | 378 |
* | Volcom Inc. | 20,318 | 377 |
* | DineEquity Inc. | 13,432 | 375 |
* | Interval Leisure Group Inc. | 29,940 | 373 |
Blyth Inc. | 10,789 | 368 | |
* | Amerigon Inc. | 49,340 | 364 |
* | AH Belo Corp. Class A | 54,513 | 362 |
* | Mediacom | ||
Communications Corp. | |||
Class A | 53,323 | 358 | |
* | Quiksilver Inc. | 95,378 | 353 |
^ | PetMed Express Inc. | 19,775 | 352 |
Haverty Furniture Cos. Inc. | 28,362 | 349 | |
* | Ruby Tuesday Inc. | 40,700 | 346 |
* | Jakks Pacific Inc. | 23,775 | 342 |
* | Alloy Inc. | 36,292 | 340 |
* | Hovnanian Enterprises Inc. | ||
Class A | 92,046 | 339 | |
* | Arctic Cat Inc. | 36,649 | 334 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Build-A-Bear Workshop Inc. | 48,526 | 329 |
Cherokee Inc. | 19,226 | 329 | |
* | Cavco Industries Inc. | 9,285 | 327 |
* | Audiovox Corp. Class A | 44,054 | 324 |
* | Standard Pacific Corp. | 97,102 | 323 |
* | Lumber Liquidators | ||
Holdings Inc. | 13,774 | 321 | |
* | Beazer Homes USA Inc. | 87,666 | 318 |
* | Landry’s Restaurants Inc. | 12,932 | 316 |
* | Winnebago Industries Inc. | 31,071 | 309 |
* | La-Z-Boy Inc. | 41,288 | 307 |
* | RCN Corp. | 20,673 | 306 |
* | K12 Inc. | 13,616 | 302 |
Oxford Industries Inc. | 14,386 | 301 | |
National Presto | |||
Industries Inc. | 3,208 | 298 | |
* | Pacific Sunwear Of California | 92,984 | 298 |
* | RC2 Corp. | 18,291 | 295 |
* | Exide Technologies | 56,664 | 295 |
* | Drugstore.Com Inc. | 95,569 | 294 |
* | Modine Manufacturing Co. | 38,247 | 294 |
PEP Boys- | |||
Manny Moe & Jack | 32,895 | 291 | |
* | Kirkland’s Inc. | 17,131 | 289 |
Standard Motor | |||
Products Inc. | 34,960 | 282 | |
World Wrestling | |||
Entertainment Inc. Class A | 18,123 | 282 | |
* | Select Comfort Corp. | 32,097 | 281 |
Lennar Corp. Class B | 24,500 | 278 | |
* | Knology Inc. | 25,373 | 277 |
* | Grand Canyon Education Inc. | 11,666 | 273 |
* | Unifi Inc. | 71,192 | 272 |
* | Carriage Services Inc. | ||
Class A | 57,954 | 270 | |
* | Krispy Kreme Doughnuts Inc. | 79,870 | 269 |
* | Lincoln Educational | ||
Services Corp. | 12,941 | 266 | |
* | Cost Plus Inc. | 72,028 | 257 |
CSS Industries Inc. | 15,338 | 253 | |
* | Retail Ventures Inc. | 32,360 | 253 |
Ambassadors Group Inc. | 22,341 | 252 | |
*,^ | Brookfield Homes Corp. | 37,018 | 250 |
* | O’Charleys Inc. | 46,133 | 245 |
* | Furniture Brands | ||
International Inc. | 46,409 | 242 | |
Stage Stores Inc. | 22,680 | 242 | |
* | hhgregg Inc. | 10,378 | 242 |
* | Perry Ellis International Inc. | 11,978 | 242 |
* | Vitamin Shoppe Inc. | 9,253 | 237 |
* | Wet Seal Inc. Class A | 64,717 | 236 |
* | Federal-Mogul Corp. | 18,021 | 235 |
* | MarineMax Inc. | 33,690 | 234 |
* | Shuffle Master Inc. | 29,163 | 234 |
* | DSW Inc. Class A | 10,188 | 229 |
11
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Red Robin Gourmet | ||
Burgers Inc. | 13,279 | 228 | |
* | Benihana Inc. Class A | 38,113 | 226 |
Books-A-Million Inc. | 37,292 | 224 | |
HOT Topic Inc. | 43,664 | 222 | |
* | Isle of Capri Casinos Inc. | 23,807 | 220 |
* | Entercom | ||
Communications Corp. | |||
Class A | 24,735 | 218 | |
* | Dorman Products Inc. | 10,731 | 218 |
Systemax Inc. | 14,469 | 218 | |
* | Marine Products Corp. | 37,869 | 214 |
* | Leapfrog Enterprises Inc. | 53,263 | 214 |
* | Cache Inc. | 36,890 | 210 |
* | Biglari Holdings Inc. | 722 | 207 |
* | Movado Group Inc. | 19,250 | 206 |
* | Learning Tree | ||
International Inc. | 17,883 | 194 | |
Courier Corp. | 15,462 | 189 | |
Superior Industries | |||
International Inc. | 14,041 | 189 | |
* | Journal Communications Inc. | ||
Class A | 47,154 | 187 | |
* | China Automotive | ||
Systems Inc. | 10,300 | 181 | |
* | Fisher Communications Inc. | 10,632 | 179 |
* | Sonic Automotive Inc. | ||
Class A | 20,811 | 178 | |
* | Rue21 Inc. | 5,800 | 176 |
* | Bluegreen Corp. | 58,031 | 175 |
* | Carmike Cinemas Inc. | 28,265 | 171 |
Kid Brands Inc. | 24,350 | 171 | |
* | Tuesday Morning Corp. | 42,595 | 170 |
* | Cumulus Media Inc. Class A | 63,405 | 169 |
* | Martha Stewart Living | ||
Omnimedia Class A | 33,957 | 167 | |
*,^ | McClatchy Co. Class A | 45,433 | 165 |
* | Emmis | ||
Communications Corp. | |||
Class A | 73,231 | 161 | |
* | Morgans Hotel Group Co. | 25,940 | 160 |
* | EW Scripps Co. Class A | 20,958 | 156 |
* | CKX Inc. | 31,017 | 155 |
* | Kenneth Cole | ||
Productions Inc. Class A | 13,837 | 152 | |
Marcus Corp. | 16,048 | 152 | |
Sturm Ruger & Co. Inc. | 10,565 | 151 | |
* | Media General Inc. Class A | 14,880 | 145 |
* | Bassett Furniture | ||
Industries Inc. | 33,302 | 143 | |
* | Bon-Ton Stores Inc. | 14,510 | 141 |
* | Sinclair Broadcast Group Inc. | ||
Class A | 24,240 | 141 | |
* | Core-Mark Holding Co. Inc. | 5,149 | 141 |
* | Coldwater Creek Inc. | 41,763 | 140 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | AC Moore Arts & Crafts Inc. | 61,204 | 139 |
* | ChinaCast Education Corp. | 23,100 | 137 |
* | Rentrak Corp. | 5,600 | 136 |
* | Bridgepoint Education Inc. | 8,599 | 136 |
* | Entravision | ||
Communications Corp. | |||
Class A | 64,225 | 136 | |
Lithia Motors Inc. Class A | 21,630 | 134 | |
* | Casual Male Retail | ||
Group Inc. | 39,081 | 134 | |
* | Borders Group Inc. | 95,577 | 127 |
Gaiam Inc. Class A | 20,924 | 127 | |
*,^ | Quantum Fuel Systems | ||
Technologies | |||
Worldwide Inc. | 236,650 | 127 | |
* | Steinway Musical | ||
Instruments Inc. | 7,074 | 126 | |
Speedway Motorsports Inc. | 8,997 | 122 | |
* | Shiloh Industries Inc. | 14,359 | 121 |
* | Zumiez Inc. | 7,435 | 120 |
* | Warner Music Group Corp. | 24,636 | 120 |
* | Caribou Coffee Co. Inc. | 12,577 | 119 |
* | Gray Television Inc. | 48,812 | 118 |
*,^ | Conn’s Inc. | 19,627 | 115 |
* | Smith & | ||
Wesson Holding Corp. | 27,010 | 110 | |
* | 1-800-Flowers.com Inc. | ||
Class A | 52,607 | 108 | |
* | Universal Electronics Inc. | 6,376 | 106 |
* | West Marine Inc. | 9,677 | 105 |
* | Multimedia Games Inc. | 23,244 | 105 |
* | Luby’s Inc. | 25,857 | 100 |
* | Destination Maternity Corp. | 3,852 | 97 |
* | SuperMedia Inc. | 5,300 | 97 |
*,^ | Blockbuster Inc. Class A | 395,251 | 94 |
* | Midas Inc. | 11,909 | 91 |
* | Strattec Security Corp. | 4,111 | 91 |
Hooker Furniture Corp. | 8,400 | 90 | |
* | Playboy Enterprises Inc. | ||
Class B | 20,792 | 87 | |
News Corp. Class B | 6,073 | 84 | |
* | Nautilus Inc. | 54,402 | 83 |
Dover Downs Gaming & | |||
Entertainment Inc. | 28,470 | 82 | |
* | Monarch Casino & | ||
Resort Inc. | 8,027 | 81 | |
* | M/I Homes Inc. | 8,173 | 79 |
* | dELiA*s Inc. | 53,372 | 78 |
* | Shoe Carnival Inc. | 3,817 | 78 |
Weyco Group Inc. | 3,422 | 78 | |
* | Harris Interactive Inc. | 73,072 | 77 |
* | Town Sports International | ||
Holdings Inc. | 33,558 | 77 | |
* | Princeton Review Inc. | 32,289 | 75 |
* | Lee Enterprises Inc. | 29,094 | 75 |
12
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Navarre Corp. | 32,814 | 72 |
* | Beasley Broadcasting | ||
Group Inc. Class A | 14,447 | 70 | |
* | Cosi Inc. | 95,907 | 70 |
* | Hawk Corp. Class A | 2,700 | 69 |
* | Global Traffic Network Inc. | 12,686 | 68 |
* | Valuevision Media Inc. | ||
Class A | 36,883 | 65 | |
* | Jamba Inc. | 28,900 | 62 |
* | Lifetime Brands Inc. | 3,800 | 56 |
* | Stein Mart Inc. | 8,688 | 54 |
*,^ | Fuqi International Inc. | 7,784 | 53 |
* | Escalade Inc. | 10,730 | 53 |
* | LIN TV Corp. Class A | 9,610 | 52 |
PRIMEDIA Inc. | 17,570 | 51 | |
* | Delta Apparel Inc. | 3,519 | 51 |
* | Sealy Corp. | 19,178 | 51 |
Flexsteel Industries | 4,500 | 50 | |
* | LodgeNet Interactive Corp. | 12,943 | 48 |
* | Stanley Furniture Co. Inc. | 11,489 | 47 |
* | New York & Co. Inc. | 19,325 | 44 |
* | Century Casinos Inc. | 19,979 | 43 |
* | Zale Corp. | 26,866 | 42 |
Spartan Motors Inc. | 10,012 | 42 | |
* | Wonder Auto Technology Inc. | 5,700 | 42 |
Skyline Corp. | 2,242 | 40 | |
* | Heelys Inc. | 16,400 | 40 |
* | Jackson Hewitt Tax | ||
Service Inc. | 33,332 | 38 | |
* | Bidz.com Inc. | 24,399 | 37 |
* | Salem | ||
Communications Corp. | |||
Class A | 9,254 | 34 | |
* | McCormick & Schmick’s | ||
Seafood Restaurants Inc. | 4,500 | 34 | |
* | Carrols Restaurant Group Inc. | 7,300 | 33 |
* | Benihana Inc. Class A | 5,006 | 32 |
* | Dixie Group Inc. | 8,586 | 32 |
* | Duckwall-ALCO Stores Inc. | 2,152 | 32 |
* | Stoneridge Inc. | 4,152 | 32 |
* | Famous Dave’s Of | ||
America Inc. | 3,695 | 31 | |
* | Hallwood Group Inc. | 800 | 30 |
* | Orbitz Worldwide Inc. | 7,885 | 30 |
* | Radio One Inc. | 22,460 | 29 |
* | Empire Resorts Inc. | 17,520 | 29 |
* | Einstein Noah Restaurant | ||
Group Inc. | 2,600 | 28 | |
* | Lazare Kaplan | ||
International Inc. | 9,594 | 24 | |
* | Reading International Inc. | ||
Class A | 5,900 | 23 | |
* | MTR Gaming Group Inc. | 14,457 | 23 |
* | Hastings Entertainment Inc. | 2,708 | 21 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Saga Communications Inc. | ||
Class A | 825 | 20 | |
* | Spanish Broadcasting | ||
System Inc. | 16,763 | 19 | |
* | Daily Journal Corp. | 260 | 18 |
* | Red Lion Hotels Corp. | 2,812 | 17 |
* | Palm Harbor Homes Inc. | 9,203 | 16 |
* | Johnson Outdoors Inc. | ||
Class A | 1,400 | 16 | |
Emerson Radio Corp. | 8,900 | 15 | |
* | Trans World | ||
Entertainment Corp. | 8,888 | 15 | |
* | Elixir Gaming | ||
Technologies Inc. | 54,853 | 13 | |
* | Nexstar Broadcasting | ||
Group Inc. Class A | 2,995 | 13 | |
* | American Apparel Inc. | 6,500 | 12 |
Collectors Universe | 800 | 11 | |
* | Hollywood Media Corp. | 7,540 | 9 |
* | Dover Motorsports Inc. | 4,394 | 8 |
* | Outdoor Channel | ||
Holdings Inc. | 1,667 | 8 | |
* | Ruth’s Hospitality Group Inc. | 1,579 | 7 |
* | US Auto Parts Network Inc. | 1,000 | 6 |
* | Blockbuster Inc. Class B | 21,904 | 5 |
* | Atrinsic Inc. | 5,453 | 5 |
* | Great Wolf Resorts Inc. | 2,310 | 5 |
Sport Supply Group Inc. | 300 | 4 | |
* | Lakes Entertainment Inc. | 2,600 | 4 |
* | Radio One Inc. Class A | 1,680 | 2 |
Gaming Partners | |||
International Corp. | 282 | 2 | |
* | Krispy Kreme Doughnuts Inc. | ||
Warrants Exp. 3/2/2012 | 332 | — | |
1,296,380 | |||
Consumer Staples (9.9%) | |||
Procter & Gamble Co. | 3,005,631 | 180,278 | |
Wal-Mart Stores Inc. | 2,365,615 | 113,715 | |
Coca-Cola Co. | 2,146,731 | 107,594 | |
PepsiCo Inc. | 1,684,087 | 102,645 | |
Philip Morris | |||
International Inc. | 1,946,384 | 89,222 | |
Kraft Foods Inc. | 1,804,879 | 50,537 | |
Altria Group Inc. | 2,152,935 | 43,145 | |
CVS Caremark Corp. | 1,438,916 | 42,189 | |
Colgate-Palmolive Co. | 510,935 | 40,241 | |
Walgreen Co. | 1,019,505 | 27,221 | |
Kimberly-Clark Corp. | 430,815 | 26,120 | |
Costco Wholesale Corp. | 454,644 | 24,928 | |
General Mills Inc. | 682,070 | 24,227 | |
Sysco Corp. | 613,195 | 17,519 | |
Archer-Daniels-Midland Co. | 598,467 | 15,452 | |
HJ Heinz Co. | 327,276 | 14,145 | |
Kellogg Co. | 275,684 | 13,867 | |
Kroger Co. | 638,908 | 12,580 |
13
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
Avon Products Inc. | 442,443 | 11,725 | |
Lorillard Inc. | 160,216 | 11,532 | |
ConAgra Foods Inc. | 458,864 | 10,701 | |
Mead Johnson Nutrition Co. | 211,624 | 10,607 | |
Dr Pepper Snapple | |||
Group Inc. | 262,972 | 9,833 | |
Sara Lee Corp. | 685,494 | 9,665 | |
Reynolds American Inc. | 181,016 | 9,435 | |
Clorox Co. | 145,151 | 9,023 | |
Safeway Inc. | 401,801 | 7,899 | |
Coca-Cola Enterprises Inc. | 305,291 | 7,895 | |
Hershey Co. | 164,431 | 7,881 | |
Campbell Soup Co. | 212,961 | 7,630 | |
JM Smucker Co. | 123,220 | 7,420 | |
Molson Coors Brewing Co. | |||
Class B | 167,469 | 7,094 | |
Bunge Ltd. | 141,453 | 6,958 | |
Estee Lauder Cos. Inc. | |||
Class A | 116,909 | 6,515 | |
* | Whole Foods Market Inc. | 150,343 | 5,415 |
Tyson Foods Inc. Class A | 302,399 | 4,956 | |
Brown-Forman Corp. | |||
Class B | 85,945 | 4,919 | |
McCormick & Co. Inc. | 124,468 | 4,725 | |
Church & Dwight Co. Inc. | 73,229 | 4,592 | |
* | Energizer Holdings Inc. | 68,799 | 3,459 |
* | Constellation Brands Inc. | ||
Class A | 205,711 | 3,213 | |
* | Ralcorp Holdings Inc. | 56,859 | 3,116 |
Hormel Foods Corp. | 76,477 | 3,096 | |
* | Hansen Natural Corp. | 78,118 | 3,055 |
* | Green Mountain Coffee | ||
Roasters Inc. | 115,857 | 2,978 | |
Del Monte Foods Co. | 205,878 | 2,963 | |
Herbalife Ltd. | 62,846 | 2,894 | |
Alberto-Culver Co. Class B | 92,671 | 2,510 | |
SUPERVALU Inc. | 220,738 | 2,393 | |
Corn Products | |||
International Inc. | 78,328 | 2,373 | |
* | Smithfield Foods Inc. | 155,689 | 2,320 |
* | BJ’s Wholesale Club Inc. | 58,183 | 2,153 |
Flowers Foods Inc. | 87,076 | 2,127 | |
* | NBTY Inc. | 59,454 | 2,022 |
* | Dean Foods Co. | 188,952 | 1,903 |
Casey’s General Stores Inc. | 53,389 | 1,863 | |
* | TreeHouse Foods Inc. | 36,025 | 1,645 |
Nu Skin Enterprises Inc. | |||
Class A | 58,939 | 1,469 | |
* | Central European | ||
Distribution Corp. | 68,311 | 1,461 | |
* | American Italian Pasta Co. | 25,827 | 1,366 |
Ruddick Corp. | 43,637 | 1,352 | |
* | United Natural Foods Inc. | 43,325 | 1,295 |
Sanderson Farms Inc. | 22,890 | 1,161 | |
Lancaster Colony Corp. | 20,880 | 1,114 |
Market | |||
Value• | |||
Shares | ($000) | ||
Universal Corp. | 26,211 | 1,040 | |
* | Fresh Del Monte | ||
Produce Inc. | 47,547 | 962 | |
* | Hain Celestial Group Inc. | 42,502 | 857 |
Andersons Inc. | 25,813 | 841 | |
Vector Group Ltd. | 47,132 | 793 | |
Diamond Foods Inc. | 16,484 | 678 | |
J&J Snack Foods Corp. | 15,978 | 673 | |
Cal-Maine Foods Inc. | 20,478 | 654 | |
* | Rite Aid Corp. | 653,706 | 641 |
* | Darling International Inc. | 82,212 | 617 |
* | Boston Beer Co. Inc. | ||
Class A | 9,036 | 610 | |
* | Medifast Inc. | 22,593 | 585 |
* | Winn-Dixie Stores Inc. | 58,436 | 563 |
* | Chiquita Brands | ||
International Inc. | 44,867 | 545 | |
Tootsie Roll Industries Inc. | 21,215 | 502 | |
WD-40 Co. | 13,807 | 461 | |
B&G Foods Inc. Class A | 42,491 | 458 | |
Coca-Cola Bottling Co. | |||
Consolidated | 9,340 | 448 | |
Inter Parfums Inc. | 30,760 | 438 | |
Lance Inc. | 25,818 | 426 | |
Nash Finch Co. | 12,153 | 415 | |
* | Central Garden and Pet Co. | ||
Class A | 44,859 | 402 | |
* | Pantry Inc. | 27,046 | 382 |
* | Elizabeth Arden Inc. | 25,652 | 372 |
*,^ | American Dairy Inc. | 22,060 | 352 |
* | Central Garden and Pet Co. | 36,886 | 351 |
* | Heckmann Corp. | 73,624 | 342 |
Alico Inc. | 14,659 | 337 | |
* | Prestige Brands | ||
Holdings Inc. | 47,296 | 335 | |
Ingles Markets Inc. Class A | 21,650 | 326 | |
* | John B. Sanfilippo & | ||
Son Inc. | 20,611 | 298 | |
* | Alliance One | ||
International Inc. | 81,434 | 290 | |
Pricesmart Inc. | 12,154 | 282 | |
* | Smart Balance Inc. | 52,570 | 215 |
Weis Markets Inc. | 6,527 | 215 | |
* | American Oriental | ||
Bioengineering Inc. | 80,961 | 204 | |
* | Dole Food Co. Inc. | 18,306 | 191 |
*,^ | Star Scientific Inc. | 115,778 | 190 |
Farmer Bros Co. | 11,764 | 178 | |
Arden Group Inc. | 2,002 | 176 | |
* | Great Atlantic & | ||
Pacific Tea Co. | 43,112 | 168 | |
* | Zhongpin Inc. | 14,260 | 168 |
Spartan Stores Inc. | 11,975 | 164 | |
* | Pilgrim’s Pride Corp. | 24,200 | 159 |
* | Susser Holdings Corp. | 13,075 | 154 |
14
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Lifeway Foods Inc. | 15,308 | 149 |
* | USANA Health | ||
Sciences Inc. | 4,075 | 149 | |
National Beverage Corp. | 11,297 | 139 | |
* | Overhill Farms Inc. | 22,150 | 130 |
* | Revlon Inc. Class A | 10,472 | 117 |
* | Omega Protein Corp. | 28,743 | 115 |
Oil-Dri Corp. of America | 4,868 | 112 | |
Griffin Land & | |||
Nurseries Inc. | 4,337 | 110 | |
* | Harbinger Group Inc. | 17,400 | 109 |
Imperial Sugar Co. | 10,200 | 103 | |
* | Reddy Ice Holdings Inc. | 29,460 | 95 |
* | Mannatech Inc. | 44,016 | 88 |
* | HQ Sustainable Maritime | ||
Industries Inc. | 12,000 | 60 | |
* | Physicians Formula | ||
Holdings Inc. | 16,000 | 53 | |
* | Inventure Foods Inc. | 15,384 | 47 |
Female Health Co. | 8,774 | 46 | |
* | Nutraceutical | ||
International Corp. | 2,905 | 44 | |
* | Parlux Fragrances Inc. | 23,400 | 42 |
Schiff Nutrition | |||
International Inc. | 5,684 | 41 | |
* | Jones Soda Co. | 32,440 | 38 |
* | MGP Ingredients Inc. | 4,834 | 32 |
Bridgford Foods Corp. | 2,000 | 28 | |
* | Seneca Foods Corp. | ||
Class A | 800 | 26 | |
* | China Marine Food | ||
Group Ltd. | 5,300 | 22 | |
Tasty Baking Co. | 1,987 | 14 | |
* | Orchids Paper Products Co. | 882 | 11 |
Calavo Growers Inc. | 498 | 9 | |
Village Super Market Inc. | |||
Class A | 200 | 5 | |
1,188,738 | |||
Energy (10.1%) | |||
Exxon Mobil Corp. | 5,273,755 | 300,973 | |
Chevron Corp. | 2,078,185 | 141,026 | |
ConocoPhillips | 1,461,610 | 71,750 | |
Schlumberger Ltd. | 1,237,229 | 68,468 | |
Occidental Petroleum Corp. | 840,194 | 64,821 | |
Apache Corp. | 348,272 | 29,321 | |
Devon Energy Corp. | 439,307 | 26,763 | |
EOG Resources Inc. | 261,370 | 25,711 | |
Halliburton Co. | 936,637 | 22,994 | |
Marathon Oil Corp. | 732,611 | 22,777 | |
Baker Hughes Inc. | 444,507 | 18,478 | |
Anadarko Petroleum Corp. | 509,684 | 18,394 | |
* | Transocean Ltd. | 332,808 | 15,419 |
Hess Corp. | 304,830 | 15,345 | |
National Oilwell Varco Inc. | 433,000 | 14,319 | |
Chesapeake Energy Corp. | 670,588 | 14,049 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Southwestern Energy Co. | 358,139 | 13,838 |
Spectra Energy Corp. | 670,049 | 13,448 | |
Williams Cos. Inc. | 603,905 | 11,039 | |
Noble Energy Inc. | 180,530 | 10,891 | |
Peabody Energy Corp. | 278,182 | 10,885 | |
Valero Energy Corp. | 584,469 | 10,509 | |
* | Weatherford | ||
International Ltd. | 763,634 | 10,034 | |
Smith International Inc. | 257,062 | 9,678 | |
Murphy Oil Corp. | 187,904 | 9,311 | |
Noble Corp. | 266,413 | 8,235 | |
* | Cameron | ||
International Corp. | 252,972 | 8,227 | |
El Paso Corp. | 725,704 | 8,063 | |
Consol Energy Inc. | 227,349 | 7,675 | |
Pioneer Natural | |||
Resources Co. | 119,631 | 7,112 | |
* | Ultra Petroleum Corp. | 157,408 | 6,965 |
* | Newfield Exploration Co. | 137,714 | 6,729 |
* | FMC Technologies Inc. | 126,488 | 6,661 |
Range Resources Corp. | 164,752 | 6,615 | |
Cimarex Energy Co. | 86,900 | 6,220 | |
* | Denbury Resources Inc. | 391,128 | 5,726 |
* | Petrohawk Energy Corp. | 312,378 | 5,301 |
* | Nabors Industries Ltd. | 294,735 | 5,193 |
* | Kinder Morgan | ||
Management LLC | 81,199 | 4,595 | |
^ | Diamond Offshore | ||
Drilling Inc. | 72,139 | 4,486 | |
* | Concho Resources Inc. | 80,400 | 4,449 |
* | Alpha Natural | ||
Resources Inc. | 124,763 | 4,226 | |
Sunoco Inc. | 121,122 | 4,211 | |
* | Whiting Petroleum Corp. | 52,764 | 4,138 |
* | Pride International Inc. | 181,938 | 4,064 |
Helmerich & Payne Inc. | 109,764 | 4,009 | |
Core Laboratories NV | 23,218 | 3,427 | |
Cabot Oil & Gas Corp. | 107,705 | 3,373 | |
Arch Coal Inc. | 168,538 | 3,339 | |
* | Forest Oil Corp. | 110,957 | 3,036 |
* | Plains Exploration & | ||
Production Co. | 144,934 | 2,987 | |
EXCO Resources Inc. | 187,229 | 2,735 | |
* | Dresser-Rand Group Inc. | 85,985 | 2,713 |
Massey Energy Co. | 98,909 | 2,705 | |
SM Energy Co. | 65,243 | 2,620 | |
* | Rowan Cos. Inc. | 118,433 | 2,598 |
* | Oceaneering | ||
International Inc. | 57,225 | 2,569 | |
Southern Union Co. | 116,137 | 2,539 | |
* | Mariner Energy Inc. | 105,908 | 2,275 |
* | Atlas Energy Inc. | 81,241 | 2,199 |
Tidewater Inc. | 54,076 | 2,094 | |
Patterson-UTI Energy Inc. | 160,415 | 2,065 | |
* | Oil States International Inc. | 52,072 | 2,061 |
15
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Brigham Exploration Co. | 118,278 | 1,819 |
Tesoro Corp. | 147,023 | 1,716 | |
* | Unit Corp. | 42,078 | 1,708 |
* | Exterran Holdings Inc. | 62,914 | 1,624 |
* | SEACOR Holdings Inc. | 22,350 | 1,579 |
* | Continental Resources Inc. | 35,274 | 1,574 |
* | Atwood Oceanics Inc. | 61,129 | 1,560 |
World Fuel Services Corp. | 59,393 | 1,541 | |
* | Superior Energy | ||
Services Inc. | 81,908 | 1,529 | |
CARBO Ceramics Inc. | 20,857 | 1,506 | |
Frontier Oil Corp. | 110,819 | 1,490 | |
* | Dril-Quip Inc. | 33,368 | 1,469 |
* | Quicksilver Resources Inc. | 123,878 | 1,363 |
* | Comstock Resources Inc. | 48,996 | 1,358 |
Berry Petroleum Co. Class A | 51,185 | 1,316 | |
* | Arena Resources Inc. | 40,440 | 1,290 |
Holly Corp. | 46,911 | 1,247 | |
Lufkin Industries Inc. | 31,598 | 1,232 | |
* | Bill Barrett Corp. | 40,030 | 1,232 |
* | Key Energy Services Inc. | 131,410 | 1,206 |
* | Gran Tierra Energy Inc. | 236,168 | 1,171 |
Overseas Shipholding | |||
Group Inc. | 30,687 | 1,137 | |
* | Helix Energy Solutions | ||
Group Inc. | 103,971 | 1,120 | |
* | Rosetta Resources Inc. | 55,559 | 1,101 |
* | Swift Energy Co. | 39,575 | 1,065 |
* | Bristow Group Inc. | 36,040 | 1,060 |
Penn Virginia Corp. | 48,071 | 967 | |
* | Patriot Coal Corp. | 81,439 | 957 |
*,^ | SandRidge Energy Inc. | 163,200 | 951 |
* | Complete Production | ||
Services Inc. | 64,710 | 925 | |
* | McMoRan Exploration Co. | 80,582 | 895 |
* | Energy XXI Bermuda Ltd. | 51,299 | 809 |
* | Enbridge Energy | ||
Management LLC | 14,834 | 757 | |
* | International Coal Group Inc. | 192,428 | 741 |
* | Clean Energy Fuels Corp. | 48,027 | 718 |
* | Tetra Technologies Inc. | 78,930 | 717 |
* | ATP Oil & Gas Corp. | 67,172 | 711 |
* | James River Coal Co. | 40,825 | 650 |
* | Cal Dive International Inc. | 110,844 | 648 |
* | Newpark Resources Inc. | 101,710 | 615 |
* | Contango Oil & Gas Co. | 13,727 | 614 |
* | Clayton Williams Energy Inc. | 13,449 | 566 |
* | Gulfmark Offshore Inc. | 21,003 | 550 |
* | American Oil & Gas Inc. | 87,493 | 549 |
* | Carrizo Oil & Gas Inc. | 35,228 | 547 |
Vaalco Energy Inc. | 97,087 | 544 | |
* | Global Industries Ltd. | 117,265 | 527 |
* | Cobalt International | ||
Energy Inc. | 70,283 | 524 | |
* | USEC Inc. | 109,987 | 524 |
Market | |||
Value• | |||
Shares | ($000) | ||
General Maritime Corp. | 84,561 | 511 | |
* | BPZ Resources Inc. | 117,261 | 487 |
* | Parker Drilling Co. | 122,941 | 486 |
* | ION Geophysical Corp. | 134,359 | 468 |
* | Stone Energy Corp. | 41,318 | 461 |
* | Abraxas Petroleum Corp. | 160,576 | 450 |
* | Callon Petroleum Co. | 70,001 | 441 |
* | Harvest Natural | ||
Resources Inc. | 55,967 | 412 | |
* | Oilsands Quest Inc. | 671,858 | 410 |
* | GMX Resources Inc. | 60,454 | 392 |
* | Pioneer Drilling Co. | 68,812 | 390 |
* | Northern Oil and Gas Inc. | 29,950 | 385 |
* | Matrix Service Co. | 40,511 | 377 |
* | Venoco Inc. | 21,691 | 357 |
Delek US Holdings Inc. | 48,823 | 356 | |
* | Hornbeck Offshore | ||
Services Inc. | 23,092 | 337 | |
* | Goodrich Petroleum Corp. | 27,074 | 325 |
* | Basic Energy Services Inc. | 42,009 | 323 |
Alon USA Energy Inc. | 46,574 | 296 | |
* | Approach Resources Inc. | 42,755 | 294 |
* | Hercules Offshore Inc. | 120,829 | 294 |
* | Petroleum | ||
Development Corp. | 11,306 | 290 | |
RPC Inc. | 20,723 | 283 | |
* | CVR Energy Inc. | 36,726 | 276 |
* | Petroquest Energy Inc. | 40,326 | 273 |
* | T 3 Energy Services Inc. | 9,553 | 267 |
* | Allis-Chalmers Energy Inc. | 125,917 | 259 |
* | Dawson Geophysical Co. | 12,120 | 258 |
* | Western Refining Inc. | 50,739 | 255 |
Gulf Island Fabrication Inc. | 16,435 | 255 | |
* | Resolute Energy Corp. | 20,500 | 251 |
* | Delta Petroleum Corp. | 291,748 | 251 |
W&T Offshore Inc. | 26,099 | 247 | |
* | FX Energy Inc. | 67,836 | 246 |
* | Willbros Group Inc. | 29,461 | 218 |
* | Crosstex Energy Inc. | 33,984 | 218 |
* | Natural Gas Services | ||
Group Inc. | 13,600 | 206 | |
* | Energy Partners Ltd. | 16,200 | 198 |
* | Cloud Peak Energy Inc. | 14,700 | 195 |
* | Superior Well Services Inc. | 11,565 | 193 |
* | Endeavour | ||
International Corp. | 179,625 | 190 | |
* | Tesco Corp. | 14,780 | 181 |
* | Kodiak Oil & Gas Corp. | 52,300 | 167 |
* | Rex Energy Corp. | 16,299 | 165 |
* | Bronco Drilling Co. Inc. | 48,840 | 164 |
* | OYO Geospace Corp. | 3,239 | 157 |
* | Gulfport Energy Corp. | 12,735 | 151 |
* | Bolt Technology Corp. | 15,331 | 134 |
* | CREDO Petroleum Corp. | 16,623 | 122 |
* | CAMAC Energy Inc. | 30,310 | 113 |
16
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Seahawk Drilling Inc. | 10,785 | 105 |
* | PHI Inc. | 6,963 | 98 |
* | Cheniere Energy Inc. | 31,466 | 89 |
* | Double Eagle Petroleum Co. | 19,340 | 82 |
* | Boots & Coots Inc. | 27,400 | 81 |
* | Gastar Exploration Ltd. | 21,500 | 78 |
* | Warren Resources Inc. | 26,047 | 76 |
* | Westmoreland Coal Co. | 8,998 | 73 |
* | Toreador Resources Corp. | 12,850 | 71 |
* | REX American | ||
Resources Corp. | 4,209 | 67 | |
* | Union Drilling Inc. | 12,040 | 66 |
* | Rentech Inc. | 56,482 | 56 |
* | ENGlobal Corp. | 26,500 | 55 |
* | HKN Inc. | 16,344 | 51 |
* | Mitcham Industries Inc. | 7,104 | 48 |
* | Syntroleum Corp. | 28,304 | 46 |
* | Geokinetics Inc. | 11,700 | 45 |
Panhandle Oil and | |||
Gas Inc. Class A | 1,500 | 40 | |
* | Green Plains Renewable | ||
Energy Inc. | 3,600 | 37 | |
* | Adams Resources & | ||
Energy Inc. | 1,500 | 27 | |
* | Evolution Petroleum Corp. | 5,100 | 26 |
* | Trico Marine Services Inc. | 48,801 | 24 |
*,^ | Sulphco Inc. | 84,950 | 23 |
* | Gasco Energy Inc. | 64,680 | 23 |
*,^ | Evergreen Energy Inc. | 203,636 | 22 |
* | Cano Petroleum Inc. | 26,263 | 20 |
* | Georesources Inc. | 1,400 | 19 |
* | Vantage Drilling Co. | 13,700 | 18 |
* | Pacific Ethanol Inc. | 26,820 | 17 |
* | GeoGlobal Resources Inc. | 10,085 | 11 |
* | RAM Energy | ||
Resources Inc. | 3,700 | 8 | |
* | Verenium Corp. | 2,894 | 7 |
* | Barnwell Industries Inc. | 2,002 | 6 |
* | Uranium Resources Inc. | 7,500 | 3 |
* | TGC Industries Inc. | 301 | 1 |
1,206,449 | |||
Financials (16.2%) | |||
JPMorgan Chase & Co. | 4,111,109 | 150,508 | |
Bank of America Corp. | 10,380,907 | 149,174 | |
Wells Fargo & Co. | 5,092,821 | 130,376 | |
* | Citigroup Inc. | 22,100,000 | 83,096 |
Goldman Sachs | |||
Group Inc. | 505,374 | 66,340 | |
US Bancorp | 1,979,959 | 44,252 | |
American Express Co. | 1,114,492 | 44,245 | |
* | Berkshire Hathaway Inc. | ||
Class B | 528,744 | 42,136 | |
MetLife Inc. | 847,667 | 32,008 | |
Bank of New York | |||
Mellon Corp. | 1,250,280 | 30,869 |
Market | |||
Value• | |||
Shares | ($000) | ||
PNC Financial Services | |||
Group Inc. | 534,947 | 30,225 | |
Morgan Stanley | 1,302,040 | 30,220 | |
Travelers Cos. Inc. | 531,469 | 26,175 | |
Prudential Financial Inc. | 479,145 | 25,711 | |
Simon Property | |||
Group Inc. | 300,055 | 24,229 | |
Aflac Inc. | 485,444 | 20,714 | |
CME Group Inc. | 68,966 | 19,417 | |
Capital One | |||
Financial Corp. | 471,202 | 18,989 | |
BB&T Corp. | 714,695 | 18,804 | |
ACE Ltd. | 348,347 | 17,933 | |
State Street Corp. | 512,696 | 17,339 | |
Chubb Corp. | 340,034 | 17,005 | |
Allstate Corp. | 527,467 | 15,154 | |
Charles Schwab Corp. | 1,048,690 | 14,870 | |
Franklin Resources Inc. | 165,362 | 14,253 | |
Public Storage | 149,188 | 13,115 | |
Marsh & | |||
McLennan Cos. Inc. | 550,774 | 12,420 | |
Progressive Corp. | 660,235 | 12,360 | |
Vornado Realty Trust | 168,764 | 12,311 | |
Equity Residential | 291,702 | 12,146 | |
SunTrust Banks Inc. | 516,707 | 12,039 | |
T Rowe Price Group Inc. | 268,010 | 11,897 | |
Loews Corp. | 349,728 | 11,649 | |
Northern Trust Corp. | 225,227 | 10,518 | |
Boston Properties Inc. | 143,810 | 10,259 | |
Fifth Third Bancorp | 822,756 | 10,112 | |
Annaly Capital | |||
Management Inc. | 572,425 | 9,817 | |
HCP Inc. | 304,097 | 9,807 | |
Ameriprise Financial Inc. | 264,413 | 9,553 | |
Hartford Financial Services | |||
Group Inc. | 428,994 | 9,494 | |
AON Corp. | 248,598 | 9,228 | |
Host Hotels & Resorts Inc. | 653,113 | 8,804 | |
Regions Financial Corp. | 1,234,165 | 8,121 | |
AvalonBay | |||
Communities Inc. | 84,375 | 7,878 | |
Discover Financial Services | 562,689 | 7,866 | |
Principal Financial | |||
Group Inc. | 330,662 | 7,751 | |
Ventas Inc. | 162,247 | 7,618 | |
Lincoln National Corp. | 312,776 | 7,597 | |
Invesco Ltd. | 446,764 | 7,519 | |
Unum Group | 343,932 | 7,463 | |
NYSE Euronext | 269,053 | 7,434 | |
* | Intercontinental- | ||
Exchange Inc. | 64,777 | 7,322 | |
M&T Bank Corp. | 86,051 | 7,310 | |
KeyCorp | 909,233 | 6,992 | |
* | CIT Group Inc. | 196,690 | 6,660 |
Comerica Inc. | 180,112 | 6,634 |
17
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Genworth Financial Inc. | ||
Class A | 506,125 | 6,615 | |
New York Community | |||
Bancorp Inc. | 426,246 | 6,509 | |
Hudson City Bancorp Inc. | 491,349 | 6,014 | |
Plum Creek Timber Co. Inc. | 169,047 | 5,837 | |
XL Capital Ltd. Class A | 354,632 | 5,678 | |
Kimco Realty Corp. | 419,745 | 5,641 | |
Health Care REIT Inc. | 128,338 | 5,406 | |
Willis Group Holdings PLC | 174,902 | 5,256 | |
People’s United | |||
Financial Inc. | 388,536 | 5,245 | |
* | SLM Corp. | 502,808 | 5,224 |
* | Berkshire Hathaway Inc. | ||
Class A | 43 | 5,160 | |
BlackRock Inc. | 35,929 | 5,152 | |
Digital Realty Trust Inc. | 88,078 | 5,080 | |
Macerich Co. | 133,482 | 4,982 | |
ProLogis | 491,653 | 4,980 | |
PartnerRe Ltd. | 68,517 | 4,806 | |
Legg Mason Inc. | 167,454 | 4,694 | |
Federal Realty | |||
Investment Trust | 63,528 | 4,464 | |
SL Green Realty Corp. | 80,928 | 4,454 | |
Everest Re Group Ltd. | 62,654 | 4,431 | |
Nationwide Health | |||
Properties Inc. | 122,081 | 4,367 | |
* | American International | ||
Group Inc. | 125,744 | 4,331 | |
Torchmark Corp. | 85,926 | 4,254 | |
Assurant Inc. | 121,075 | 4,201 | |
Moody’s Corp. | 208,675 | 4,157 | |
Cincinnati Financial Corp. | 160,360 | 4,149 | |
Huntington Bancshares Inc. | 742,414 | 4,113 | |
* | Arch Capital Group Ltd. | 54,816 | 4,084 |
AMB Property Corp. | 172,022 | 4,079 | |
* | Leucadia National Corp. | 201,791 | 3,937 |
Axis Capital Holdings Ltd. | 129,782 | 3,857 | |
WR Berkley Corp. | 142,506 | 3,771 | |
* | TD Ameritrade | ||
Holding Corp. | 244,346 | 3,739 | |
Marshall & Ilsley Corp. | 516,958 | 3,712 | |
Rayonier Inc. | 82,828 | 3,646 | |
* | CB Richard Ellis Group Inc. | ||
Class A | 258,196 | 3,514 | |
RenaissanceRe | |||
Holdings Ltd. | 62,311 | 3,506 | |
Reinsurance Group of | |||
America Inc. Class A | 75,759 | 3,463 | |
Zions Bancorporation | 156,444 | 3,375 | |
Liberty Property Trust | 116,954 | 3,374 | |
Eaton Vance Corp. | 121,583 | 3,357 | |
* | Markel Corp. | 9,679 | 3,291 |
^ | Realty Income Corp. | 108,317 | 3,285 |
Transatlantic Holdings Inc. | 66,891 | 3,208 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | MSCI Inc. Class A | 115,637 | 3,168 |
UDR Inc. | 162,049 | 3,100 | |
Chimera Investment Corp. | 856,766 | 3,093 | |
Essex Property Trust Inc. | 30,833 | 3,007 | |
Fidelity National | |||
Financial Inc. Class A | 227,463 | 2,955 | |
Duke Realty Corp. | 257,781 | 2,926 | |
Regency Centers Corp. | 84,800 | 2,917 | |
HCC Insurance | |||
Holdings Inc. | 116,998 | 2,897 | |
Old Republic | |||
International Corp. | 238,158 | 2,889 | |
Cullen/Frost Bankers Inc. | 56,113 | 2,884 | |
Alexandria Real Estate | |||
Equities Inc. | 45,391 | 2,876 | |
Jones Lang LaSalle Inc. | 43,594 | 2,862 | |
SEI Investments Co. | 138,256 | 2,815 | |
Camden Property Trust | 67,304 | 2,749 | |
First Niagara Financial | |||
Group Inc. | 217,083 | 2,720 | |
* | First Horizon National Corp. | 237,283 | 2,717 |
Hospitality Properties Trust | 128,484 | 2,711 | |
White Mountains Insurance | |||
Group Ltd. | 8,296 | 2,690 | |
* | Affiliated Managers | ||
Group Inc. | 44,103 | 2,680 | |
Senior Housing | |||
Properties Trust | 132,310 | 2,661 | |
Commerce Bancshares Inc. | 73,670 | 2,651 | |
Arthur J Gallagher & Co. | 106,879 | 2,606 | |
* | AmeriCredit Corp. | 139,920 | 2,549 |
Raymond James | |||
Financial Inc. | 103,125 | 2,546 | |
* | NASDAQ OMX Group Inc. | 142,977 | 2,542 |
Ares Capital Corp. | 199,241 | 2,497 | |
City National Corp. | 48,139 | 2,466 | |
Mack-Cali Realty Corp. | 82,349 | 2,448 | |
Jefferies Group Inc. | 115,989 | 2,445 | |
Bank of Hawaii Corp. | 50,140 | 2,424 | |
* | E*Trade Financial Corp. | 204,144 | 2,413 |
Brown & Brown Inc. | 125,880 | 2,409 | |
BRE Properties Inc. | 65,198 | 2,408 | |
Apartment Investment & | |||
Management Co. | 122,083 | 2,365 | |
Corporate Office | |||
Properties Trust SBI | 60,416 | 2,281 | |
Weingarten Realty Investors | 119,043 | 2,268 | |
* | St. Joe Co. | 96,886 | 2,244 |
American Financial | |||
Group Inc. | 81,596 | 2,229 | |
TCF Financial Corp. | 131,662 | 2,187 | |
Developers Diversified | |||
Realty Corp. | 220,441 | 2,182 | |
Assured Guaranty Ltd. | 163,678 | 2,172 | |
MFA Financial Inc. | 293,079 | 2,169 |
18
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
Valley National Bancorp | 158,642 | 2,161 | |
Hanover Insurance | |||
Group Inc. | 49,559 | 2,156 | |
Taubman Centers Inc. | 56,895 | 2,141 | |
Associated Banc-Corp | 170,397 | 2,089 | |
Highwoods Properties Inc. | 74,313 | 2,063 | |
Federated Investors Inc. | |||
Class B | 96,977 | 2,008 | |
Allied World Assurance Co. | |||
Holdings Ltd. | 43,798 | 1,988 | |
Fulton Financial Corp. | 205,366 | 1,982 | |
StanCorp Financial | |||
Group Inc. | 48,881 | 1,982 | |
Waddell & | |||
Reed Financial Inc. | 89,632 | 1,961 | |
Endurance Specialty | |||
Holdings Ltd. | 51,554 | 1,935 | |
* | Alleghany Corp. | 6,573 | 1,928 |
Protective Life Corp. | 89,760 | 1,920 | |
Washington Federal Inc. | 118,312 | 1,914 | |
FirstMerit Corp. | 111,620 | 1,912 | |
Synovus Financial Corp. | 744,575 | 1,891 | |
Omega Healthcare | |||
Investors Inc. | 93,979 | 1,873 | |
Apollo Investment Corp. | 199,644 | 1,863 | |
BioMed Realty Trust Inc. | 115,313 | 1,855 | |
Entertainment | |||
Properties Trust | 48,622 | 1,851 | |
National Retail | |||
Properties Inc. | 86,173 | 1,848 | |
* | ProAssurance Corp. | 32,454 | 1,842 |
Validus Holdings Ltd. | 75,349 | 1,840 | |
Aspen Insurance | |||
Holdings Ltd. | 73,608 | 1,821 | |
* | Popular Inc. | 668,902 | 1,793 |
* | SVB Financial Group | 43,307 | 1,786 |
East West Bancorp Inc. | 114,990 | 1,754 | |
Platinum Underwriters | |||
Holdings Ltd. | 48,045 | 1,744 | |
Tanger Factory | |||
Outlet Centers | 41,703 | 1,726 | |
Washington Real Estate | |||
Investment Trust | 62,511 | 1,725 | |
CBL & | |||
Associates Properties Inc. | 137,331 | 1,708 | |
Janus Capital Group Inc. | 191,213 | 1,698 | |
CommonWealth REIT | 267,090 | 1,659 | |
Home Properties Inc. | 36,363 | 1,639 | |
* | Signature Bank | 42,666 | 1,622 |
Douglas Emmett Inc. | 113,705 | 1,617 | |
Westamerica Bancorporation | 30,641 | 1,609 | |
Greenhill & Co. Inc. | 26,275 | 1,606 | |
Prosperity Bancshares Inc. | 45,922 | 1,596 | |
Kilroy Realty Corp. | 53,636 | 1,595 |
Market | |||
Value• | |||
Shares | ($000) | ||
Mid-America Apartment | |||
Communities Inc. | 30,489 | 1,569 | |
American Campus | |||
Communities Inc. | 55,206 | 1,507 | |
Potlatch Corp. | 41,892 | 1,497 | |
DuPont Fabros | |||
Technology Inc. | 60,463 | 1,485 | |
LaSalle Hotel Properties | 72,166 | 1,484 | |
Erie Indemnity Co. Class A | 32,159 | 1,463 | |
Equity Lifestyle | |||
Properties Inc. | 30,267 | 1,460 | |
Brandywine Realty Trust | 134,817 | 1,449 | |
* | Forest City Enterprises Inc. | ||
Class A | 127,185 | 1,440 | |
American Capital Ltd. | 294,605 | 1,420 | |
BancorpSouth Inc. | 78,792 | 1,409 | |
Healthcare Realty Trust Inc. | 63,791 | 1,402 | |
Iberiabank Corp. | 27,154 | 1,398 | |
Webster Financial Corp. | 76,906 | 1,380 | |
BOK Financial Corp. | 28,561 | 1,356 | |
Unitrin Inc. | 52,909 | 1,354 | |
Northwest Bancshares Inc. | 115,897 | 1,329 | |
Trustmark Corp. | 63,800 | 1,328 | |
CapitalSource Inc. | 272,580 | 1,297 | |
* | Knight Capital Group Inc. | ||
Class A | 93,770 | 1,293 | |
DiamondRock | |||
Hospitality Co. | 157,258 | 1,293 | |
* | Stifel Financial Corp. | 29,365 | 1,274 |
Astoria Financial Corp. | 91,514 | 1,259 | |
* | MGIC Investment Corp. | 180,023 | 1,240 |
Delphi Financial Group Inc. | 50,579 | 1,235 | |
* | CNO Financial Group Inc. | 247,950 | 1,227 |
First American | |||
Financial Corp. | 96,515 | 1,224 | |
Extra Space Storage Inc. | 87,094 | 1,211 | |
TFS Financial Corp. | 97,435 | 1,209 | |
Mercury General Corp. | 28,975 | 1,201 | |
UMB Financial Corp. | 33,666 | 1,197 | |
* | Portfolio Recovery | ||
Associates Inc. | 17,748 | 1,185 | |
Post Properties Inc. | 51,009 | 1,159 | |
Umpqua Holdings Corp. | 100,504 | 1,154 | |
Redwood Trust Inc. | 78,366 | 1,147 | |
PS Business Parks Inc. | 20,513 | 1,144 | |
NewAlliance | |||
Bancshares Inc. | 100,760 | 1,130 | |
Montpelier Re Holdings Ltd. | 74,767 | 1,116 | |
* | PHH Corp. | 57,881 | 1,102 |
Susquehanna | |||
Bancshares Inc. | 131,764 | 1,098 | |
Glacier Bancorp Inc. | 73,816 | 1,083 | |
First Citizens | |||
BancShares Inc. | 5,628 | 1,082 | |
Medical Properties Trust Inc. | 114,247 | 1,079 |
19
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
CVB Financial Corp. | 113,492 | 1,078 | |
Hatteras Financial Corp. | 38,542 | 1,072 | |
Cash America | |||
International Inc. | 31,260 | 1,071 | |
Wintrust Financial Corp. | 31,555 | 1,052 | |
United Bankshares Inc. | 43,852 | 1,050 | |
Hancock Holding Co. | 31,116 | 1,038 | |
Anworth Mortgage | |||
Asset Corp. | 145,217 | 1,034 | |
Wilmington Trust Corp. | 92,544 | 1,026 | |
* | Sunstone Hotel | ||
Investors Inc. | 103,111 | 1,024 | |
American Capital | |||
Agency Corp. | 38,681 | 1,022 | |
Radian Group Inc. | 139,694 | 1,011 | |
EastGroup Properties Inc. | 28,284 | 1,006 | |
Argo Group International | |||
Holdings Ltd. | 32,802 | 1,003 | |
National Health Investors Inc. | 25,908 | 999 | |
Community Bank | |||
System Inc. | 45,230 | 996 | |
DCT Industrial Trust Inc. | 220,429 | 996 | |
Sovran Self Storage Inc. | 28,746 | 990 | |
Colonial Properties Trust | 67,346 | 979 | |
Tower Group Inc. | 45,174 | 973 | |
FNB Corp. | 120,839 | 970 | |
Alterra Capital Holdings Ltd. | 51,483 | 967 | |
Cathay General Bancorp | 93,509 | 966 | |
* | MBIA Inc. | 171,139 | 960 |
Old National Bancorp | 92,439 | 958 | |
NBT Bancorp Inc. | 46,684 | 953 | |
International | |||
Bancshares Corp. | 56,772 | 948 | |
Acadia Realty Trust | 56,319 | 947 | |
RLI Corp. | 17,892 | 940 | |
Columbia Banking | |||
System Inc. | 51,419 | 939 | |
Whitney Holding Corp. | 101,319 | 937 | |
MB Financial Inc. | 50,602 | 931 | |
First Midwest Bancorp Inc. | 75,956 | 924 | |
First Financial Bancorp | 60,837 | 910 | |
Franklin Street | |||
Properties Corp. | 75,214 | 888 | |
BlackRock Kelso | |||
Capital Corp. | 89,183 | 880 | |
First Financial | |||
Bankshares Inc. | 18,216 | 876 | |
American Equity Investment | |||
Life Holding Co. | 84,720 | 874 | |
Equity One Inc. | 55,905 | 872 | |
Capstead Mortgage Corp. | 76,740 | 849 | |
Selective Insurance | |||
Group Inc. | 55,088 | 819 | |
* | MF Global Holdings Ltd. | 142,430 | 813 |
* | World Acceptance Corp. | 21,102 | 808 |
Market | |||
Value• | |||
Shares | ($000) | ||
Saul Centers Inc. | 19,463 | 791 | |
National Penn | |||
Bancshares Inc. | 130,806 | 786 | |
Home Bancshares Inc. | 34,440 | 786 | |
Park National Corp. | 12,026 | 782 | |
Chemical Financial Corp. | 35,590 | 775 | |
PacWest Bancorp | 41,975 | 769 | |
Independent Bank Corp. | 30,925 | 763 | |
Bank of the Ozarks Inc. | 21,208 | 752 | |
* | Ocwen Financial Corp. | 73,679 | 751 |
* | KBW Inc. | 34,705 | 744 |
* | Investment Technology | ||
Group Inc. | 46,147 | 741 | |
Brookline Bancorp Inc. | 82,495 | 733 | |
Capitol Federal Financial | 21,875 | 725 | |
Employers Holdings Inc. | 48,629 | 716 | |
* | Investors Bancorp Inc. | 54,083 | 710 |
First Potomac Realty Trust | 49,349 | 709 | |
* | Ezcorp Inc. Class A | 38,096 | 707 |
* | optionsXpress Holdings Inc. | 44,814 | 705 |
City Holding Co. | 24,975 | 696 | |
* | Interactive Brokers | ||
Group Inc. | 41,475 | 689 | |
First Commonwealth | |||
Financial Corp. | 130,193 | 684 | |
American National | |||
Insurance Co. | 8,429 | 683 | |
Sterling Bancshares Inc. | 143,932 | 678 | |
* | Dollar Financial Corp. | 34,107 | 675 |
Boston Private Financial | |||
Holdings Inc. | 102,886 | 662 | |
* | Piper Jaffray Cos. | 20,515 | 661 |
Oriental Financial Group Inc. | 52,175 | 661 | |
Associated Estates | |||
Realty Corp. | 49,946 | 647 | |
Infinity Property & | |||
Casualty Corp. | 13,911 | 642 | |
Dime Community | |||
Bancshares | 52,006 | 641 | |
* | Texas Capital | ||
Bancshares Inc. | 38,995 | 640 | |
Provident Financial | |||
Services Inc. | 54,705 | 640 | |
* | Strategic Hotels & | ||
Resorts Inc. | 139,147 | 611 | |
* | First Cash Financial | ||
Services Inc. | 27,886 | 608 | |
* | Navigators Group Inc. | 14,772 | 608 |
Starwood Property Trust Inc. | 35,381 | 600 | |
* | Ashford Hospitality Trust Inc. | 81,631 | 598 |
* | Altisource Portfolio | ||
Solutions SA | 23,607 | 584 | |
* | AMERISAFE Inc. | 33,161 | 582 |
Horace Mann | |||
Educators Corp. | 36,693 | 561 |
20
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
Community Trust | |||
Bancorp Inc. | 22,314 | 560 | |
American Physicians | |||
Capital Inc. | 18,130 | 559 | |
Evercore Partners Inc. | |||
Class A | 23,887 | 558 | |
FBL Financial Group Inc. | |||
Class A | 25,960 | 545 | |
Pennsylvania Real Estate | |||
Investment Trust | 44,566 | 545 | |
* | Greenlight Capital Re Ltd. | ||
Class A | 21,616 | 545 | |
Cedar Shopping Centers Inc. | 88,540 | 533 | |
Duff & Phelps Corp. Class A | 41,921 | 529 | |
Alexander’s Inc. | 1,733 | 525 | |
* | Encore Capital Group Inc. | 25,458 | 525 |
Trustco Bank Corp. NY | 93,544 | 524 | |
Bancfirst Corp. | 14,207 | 518 | |
* | iStar Financial Inc. | 116,191 | 518 |
* | Pico Holdings Inc. | 16,963 | 508 |
Inland Real Estate Corp. | 63,502 | 503 | |
Investors Real Estate Trust | 56,906 | 502 | |
* | Arbor Realty Trust Inc. | 96,973 | 501 |
Cohen & Steers Inc. | 24,144 | 501 | |
Safety Insurance Group Inc. | 13,443 | 498 | |
PrivateBancorp Inc. Class A | 44,876 | 497 | |
Provident New York | |||
Bancorp | 55,855 | 494 | |
Berkshire Hills Bancorp Inc. | 25,165 | 490 | |
* | Citizens Republic | ||
Bancorp Inc. | 572,739 | 487 | |
Gladstone Capital Corp. | 44,785 | 484 | |
* | Beneficial Mutual | ||
Bancorp Inc. | 48,990 | 484 | |
Prospect Capital Corp. | 50,120 | 484 | |
Agree Realty Corp. | 20,423 | 476 | |
Arrow Financial Corp. | 20,562 | 475 | |
Ameris Bancorp | 49,110 | 474 | |
* | Pinnacle Financial | ||
Partners Inc. | 36,854 | 474 | |
Lexington Realty Trust | 78,392 | 471 | |
Cardinal Financial Corp. | 50,982 | 471 | |
S&T Bancorp Inc. | 23,824 | 471 | |
* | PMI Group Inc. | 162,844 | 471 |
Capital Southwest Corp. | 5,304 | 466 | |
Cousins Properties Inc. | 68,326 | 461 | |
Simmons First | |||
National Corp. Class A | 17,520 | 460 | |
Northfield Bancorp Inc. | 35,263 | 458 | |
Camden National Corp. | 16,379 | 450 | |
* | Hilltop Holdings Inc. | 44,286 | 443 |
Flushing Financial Corp. | 36,229 | 443 | |
* | Forestar Group Inc. | 24,355 | 437 |
Amtrust Financial | |||
Services Inc. | 35,950 | 433 |
Market | |||
Value• | |||
Shares | ($000) | ||
Getty Realty Corp. | 18,936 | 424 | |
SCBT Financial Corp. | 11,993 | 422 | |
GFI Group Inc. | 75,602 | 422 | |
Bank Mutual Corp. | 72,693 | 413 | |
U-Store-It Trust | 55,338 | 413 | |
Harleysville Group Inc. | 13,287 | 412 | |
WesBanco Inc. | 24,445 | 412 | |
Bank of Marin Bancorp | 12,825 | 410 | |
* | Avatar Holdings Inc. | 21,183 | 406 |
Abington Bancorp Inc. | 46,577 | 406 | |
* | Federal National | ||
Mortgage Assn. | 1,185,097 | 406 | |
First Busey Corp. | 85,974 | 389 | |
Southside Bancshares Inc. | 19,539 | 384 | |
GAMCO Investors Inc. | 10,302 | 383 | |
Calamos Asset | |||
Management Inc. Class A | 41,100 | 381 | |
CoBiz Financial Inc. | 57,823 | 381 | |
Hersha Hospitality Trust | 83,288 | 376 | |
Fifth Street Finance Corp. | 33,781 | 373 | |
Nelnet Inc. Class A | 19,321 | 373 | |
* | GLG Partners Inc. | 84,842 | 372 |
BankFinancial Corp. | 44,627 | 371 | |
* | FPIC Insurance Group Inc. | 14,421 | 370 |
* | LaBranche & Co. Inc. | 86,409 | 370 |
Hercules Technology Growth | |||
Capital Inc. | 40,009 | 368 | |
Republic Bancorp Inc. | 16,432 | 368 | |
*,^ | Ambac Financial Group Inc. | 546,521 | 366 |
Capital City Bank Group Inc. | 29,379 | 364 | |
Renasant Corp. | 25,001 | 359 | |
Ames National Corp. | 18,313 | 358 | |
* | International Assets | ||
Holding Corp. | 22,346 | 358 | |
United Fire & Casualty Co. | 17,996 | 357 | |
* | Citizens Inc. | 53,357 | 355 |
Presidential Life Corp. | 38,731 | 352 | |
MCG Capital Corp. | 71,591 | 346 | |
Advance America Cash | |||
Advance Centers Inc. | 82,807 | 342 | |
Government Properties | |||
Income Trust | 13,338 | 340 | |
Centerstate Banks Inc. | 33,462 | 338 | |
Lakeland Financial Corp. | 16,802 | 336 | |
* | Enstar Group Ltd. | 4,995 | 332 |
Flagstone Reinsurance | |||
Holdings SA | 30,441 | 329 | |
* | United America | ||
Indemnity Ltd. Class A | 44,489 | 327 | |
* | Phoenix Cos. Inc. | 154,032 | 325 |
First Merchants Corp. | 38,178 | 324 | |
Meadowbrook Insurance | |||
Group Inc. | 37,161 | 321 | |
* | Credit Acceptance Corp. | 6,501 | 317 |
LTC Properties Inc. | 12,924 | 314 |
21
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
MarketAxess Holdings Inc. | 22,731 | 313 | |
Education Realty Trust Inc. | 51,338 | 310 | |
Baldwin & Lyons Inc. | 14,729 | 309 | |
Walter Investment | |||
Management Corp. | 18,730 | 306 | |
Artio Global Investors Inc. | |||
Class A | 19,361 | 305 | |
Invesco Mortgage | |||
Capital Inc. | 15,187 | 304 | |
ViewPoint Financial Group | 21,833 | 302 | |
* | Gleacher & Co. Inc. | 117,293 | 299 |
Federal Agricultural | |||
Mortgage Corp. | 21,237 | 298 | |
BRT Realty Trust | 49,462 | 292 | |
* | Federal Home Loan | ||
Mortgage Corp. | 688,796 | 284 | |
Bancorp Rhode Island Inc. | 10,511 | 275 | |
Arlington Asset | |||
Investment Corp. Class A | 14,549 | 274 | |
Heartland Financial USA Inc. | 15,845 | 274 | |
* | Marlin Business | ||
Services Corp. | 22,538 | 273 | |
* | FelCor Lodging Trust Inc. | 54,137 | 270 |
* | FBR Capital Markets Corp. | 80,922 | 269 |
* | United Community | ||
Banks Inc. | 67,270 | 266 | |
First Financial Holdings Inc. | 23,144 | 265 | |
Bryn Mawr Bank Corp. | 15,734 | 264 | |
Sun Communities Inc. | 10,102 | 262 | |
* | National Financial | ||
Partners Corp. | 26,795 | 262 | |
National Western Life | |||
Insurance Co. Class A | 1,669 | 255 | |
Compass Diversified | |||
Holdings | 18,863 | 253 | |
* | First Industrial Realty | ||
Trust Inc. | 51,946 | 250 | |
* | Western Alliance Bancorp | 34,752 | 249 |
* | Cowen Group Inc. Class A | 59,097 | 242 |
Lakeland Bancorp Inc. | 27,833 | 237 | |
Alliance Financial Corp. | 8,325 | 231 | |
* | CBOE Holdings Inc. | 7,083 | 231 |
American National | |||
Bankshares Inc. | 10,649 | 228 | |
SY Bancorp Inc. | 9,875 | 227 | |
* | eHealth Inc. | 19,817 | 225 |
Sierra Bancorp | 19,076 | 219 | |
^ | Life Partners Holdings Inc. | 10,450 | 214 |
EMC Insurance Group Inc. | 9,739 | 214 | |
SWS Group Inc. | 22,367 | 213 | |
Gladstone Investment Corp. | 36,096 | 210 | |
* | PMA Capital Corp. Class A | 31,932 | 209 |
* | Nara Bancorp Inc. | 24,528 | 207 |
* | TradeStation Group Inc. | 30,577 | 206 |
* | Center Financial Corp. | 39,349 | 203 |
Market | |||
Value• | |||
Shares | ($000) | ||
CompuCredit Holdings Corp. | 50,793 | 201 | |
1st Source Corp. | 11,673 | 198 | |
Glimcher Realty Trust | 32,608 | 195 | |
StellarOne Corp. | 15,252 | 195 | |
Sanders Morris Harris | |||
Group Inc. | 34,402 | 191 | |
First Community | |||
Bancshares Inc. | 12,944 | 190 | |
First of Long Island Corp. | 7,366 | 189 | |
Cogdell Spencer Inc. | 27,946 | 189 | |
*,^ | Capital Trust Inc. Class A | 113,739 | 188 |
* | CNA Surety Corp. | 11,669 | 188 |
* | Emdeon Inc. Class A | 14,900 | 187 |
Consolidated-Tomoka | |||
Land Co. | 6,367 | 181 | |
ESSA Bancorp Inc. | 14,509 | 179 | |
First Bancorp | 12,323 | 179 | |
* | Cardtronics Inc. | 13,700 | 178 |
Universal Health Realty | |||
Income Trust | 5,523 | 177 | |
Donegal Group Inc. Class A | 14,079 | 173 | |
* | First Marblehead Corp. | 73,116 | 172 |
OneBeacon Insurance | |||
Group Ltd. Class A | 11,956 | 171 | |
^ | TowneBank | 11,637 | 169 |
Retail Opportunity | |||
Investments Corp. | 17,400 | 168 | |
* | Cohen & Co. Inc. | 33,578 | 168 |
* | Safeguard Scientifics Inc. | 15,832 | 167 |
Parkway Properties Inc. | 11,347 | 165 | |
*,^ | BankAtlantic Bancorp Inc. | ||
Class A | 117,578 | 165 | |
Danvers Bancorp Inc. | 11,345 | 164 | |
* | Tejon Ranch Co. | 7,028 | 162 |
Enterprise Financial | |||
Services Corp. | 16,823 | 162 | |
*,^ | Ladenburg Thalmann | ||
Financial Services Inc. | 129,695 | 162 | |
Trico Bancshares | 9,567 | 162 | |
NYMAGIC Inc. | 8,297 | 160 | |
Tompkins Financial Corp. | 4,051 | 153 | |
Stewart Information | |||
Services Corp. | 16,796 | 152 | |
Rewards Network Inc. | 11,074 | 151 | |
Ramco-Gershenson | |||
Properties Trust | 14,919 | 151 | |
Asta Funding Inc. | 15,178 | 150 | |
Great Southern Bancorp Inc. | 7,353 | 149 | |
Westfield Financial Inc. | 17,819 | 148 | |
Maiden Holdings Ltd. | 22,198 | 146 | |
Medallion Financial Corp. | 22,087 | 146 | |
Suffolk Bancorp | 4,568 | 141 | |
MVC Capital Inc. | 10,925 | 141 | |
First Financial Corp. | 5,468 | 141 |
22
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Asset Acceptance | ||
Capital Corp. | 34,066 | 141 | |
^ | Banner Corp. | 70,136 | 139 |
* | AmeriServ Financial Inc. | 84,968 | 137 |
Sandy Spring Bancorp Inc. | 9,664 | 135 | |
* | Meridian Interstate | ||
Bancorp Inc. | 12,324 | 134 | |
Urstadt Biddle Properties Inc. | |||
Class A | 8,198 | 132 | |
* | Pebblebrook Hotel Trust | 7,000 | 132 |
Bridge Bancorp Inc. | 5,312 | 129 | |
* | Newcastle Investment Corp. | 47,600 | 128 |
US Global Investors Inc. | |||
Class A | 22,726 | 126 | |
State Auto Financial Corp. | 8,128 | 126 | |
Center Bancorp Inc. | 16,521 | 125 | |
Washington Trust | |||
Bancorp Inc. | 7,226 | 123 | |
First Mercury Financial Corp. | 11,473 | 121 | |
Cypress Sharpridge | |||
Investments Inc. | 9,500 | 120 | |
Financial Institutions Inc. | 6,747 | 120 | |
Bar Harbor Bankshares | 4,757 | 119 | |
American Physicians Service | |||
Group Inc. | 4,797 | 117 | |
* | Doral Financial Corp. | 45,345 | 111 |
* | American Safety Insurance | ||
Holdings Ltd. | 6,800 | 107 | |
German American | |||
Bancorp Inc. | 6,816 | 104 | |
CapLease Inc. | 22,580 | 104 | |
OceanFirst Financial Corp. | 8,624 | 104 | |
* | American | ||
Independence Corp. | 20,279 | 103 | |
NorthStar Realty | |||
Finance Corp. | 36,368 | 97 | |
WSFS Financial Corp. | 2,698 | 97 | |
* | HFF Inc. Class A | 13,063 | 92 |
CFS Bancorp Inc. | 18,970 | 92 | |
Merchants Bancshares Inc. | 4,126 | 92 | |
Kite Realty Group Trust | 21,828 | 91 | |
Century Bancorp Inc. | |||
Class A | 4,105 | 90 | |
BancTrust Financial | |||
Group Inc. | 24,403 | 90 | |
Colony Financial Inc. | 5,300 | 90 | |
* | Crawford & Co. Class B | 28,331 | 90 |
* | Eagle Bancorp Inc. | 7,577 | 89 |
Resource America Inc. | |||
Class A | 22,502 | 87 | |
Univest Corp. of | |||
Pennsylvania | 4,943 | 86 | |
*,^ | Central Pacific | ||
Financial Corp. | 53,485 | 80 | |
*,^ | Capitol Bancorp Ltd. | 61,669 | 78 |
Market | |||
Value• | |||
Shares | ($000) | ||
Investors Title Co. | 2,504 | 78 | |
* | NewStar Financial Inc. | 12,108 | 77 |
* | Virtus Investment | ||
Partners Inc. | 4,016 | 75 | |
Apollo Commercial Real | |||
Estate Finance Inc. | 4,500 | 74 | |
* | Metro Bancorp Inc. | 5,972 | 74 |
* | RAIT Financial Trust | 39,111 | 73 |
* | MPG Office Trust Inc. | 24,623 | 72 |
* | Guaranty Bancorp | 65,579 | 70 |
PennantPark | |||
Investment Corp. | 7,214 | 69 | |
First Defiance Financial Corp. | 7,612 | 68 | |
Atlantic Coast Federal Corp. | 22,599 | 68 | |
*,^ | First BanCorp | 125,149 | 66 |
* | Affirmative Insurance | ||
Holdings Inc. | 16,500 | 66 | |
* | Green Bankshares Inc. | 5,147 | 66 |
Winthrop Realty Trust | 5,127 | 66 | |
LSB Corp. | 4,999 | 65 | |
Sterling Bancorp | 7,171 | 65 | |
K-Fed Bancorp | 6,943 | 63 | |
Mission West Properties Inc. | 8,567 | 58 | |
Oppenheimer Holdings Inc. | |||
Class A | 2,406 | 58 | |
Colony Bankcorp Inc. | 8,706 | 57 | |
Southwest Bancorp Inc. | 4,254 | 57 | |
* | Penson Worldwide Inc. | 9,728 | 55 |
Union First Market | |||
Bankshares Corp. | 4,439 | 54 | |
* | Cape Bancorp Inc. | 7,560 | 54 |
One Liberty Properties Inc. | 3,461 | 52 | |
*,^ | Hanmi Financial Corp. | 39,333 | 50 |
VIST Financial Corp. | 6,411 | 49 | |
* | First Acceptance Corp. | 28,851 | 49 |
Dynex Capital Inc. | 5,299 | 49 | |
Eastern Virginia | |||
Bankshares Inc. | 7,487 | 49 | |
MainSource Financial | |||
Group Inc. | 6,687 | 48 | |
Monmouth Real Estate | |||
Investment Corp. Class A | 6,436 | 48 | |
Ameriana Bancorp | 11,143 | 47 | |
ESB Financial Corp. | 3,558 | 46 | |
*,^ | Pacific Capital Bancorp NA | 64,227 | 46 |
Resource Capital Corp. | 8,072 | 46 | |
* | Primus Guaranty Ltd. | 12,300 | 45 |
Peoples Bancorp Inc. | 3,062 | 44 | |
First Place Financial Corp. | 14,747 | 44 | |
SeaBright Holdings Inc. | 4,633 | 44 | |
Wilshire Bancorp Inc. | 4,798 | 42 | |
* | Firstcity Financial Corp. | 6,000 | 40 |
First Financial Northwest Inc. | 10,000 | 40 | |
Student Loan Corp. | 1,609 | 39 |
23
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Consumer Portfolio | ||
Services Inc. | 27,451 | 38 | |
* | Republic First Bancorp Inc. | 17,473 | 34 |
* | Pennymac Mortgage | ||
Investment Trust | 2,100 | 33 | |
Citizens & Northern Corp. | 3,103 | 33 | |
First South Bancorp Inc. | 3,129 | 33 | |
Capital Bank Corp. | 10,018 | 33 | |
Westwood Holdings | |||
Group Inc. | 916 | 32 | |
PMC Commercial Trust | 3,875 | 32 | |
* | Gramercy Capital Corp. | 24,868 | 31 |
Comm Bancorp Inc. | 1,769 | 31 | |
UMH Properties Inc. | 3,070 | 31 | |
Meta Financial Group Inc. | 1,049 | 31 | |
Wainwright Bank & Trust Co. | 1,613 | 30 | |
* | NewBridge Bancorp | 8,425 | 30 |
Diamond Hill Investment | |||
Group Inc. | 512 | 29 | |
Shore Bancshares Inc. | 2,379 | 28 | |
* | Tree.com Inc. | 4,454 | 28 |
* | First Keystone Financial Inc. | 2,063 | 28 |
Pulaski Financial Corp. | 4,191 | 27 | |
Kansas City Life | |||
Insurance Co. | 900 | 27 | |
* | Grubb & Ellis Co. | 26,982 | 26 |
South Financial Group Inc. | 96,177 | 26 | |
* | Virginia Commerce | ||
Bancorp Inc. | 4,186 | 26 | |
* | Deerfield Capital Corp. | 4,755 | 26 |
NGP Capital Resources Co. | 3,600 | 26 | |
American River Bankshares | 3,376 | 25 | |
* | Waterstone Financial Inc. | 7,200 | 25 |
* | Heritage Financial Corp. | 1,610 | 24 |
* | West Bancorporation Inc. | 3,478 | 24 |
*,^ | Cascade Bancorp | 48,479 | 23 |
* | Crawford & Co. Class A | 9,000 | 22 |
*,^ | Anchor Bancorp | ||
Wisconsin Inc. | 48,814 | 22 | |
Citizens South Banking Corp. | 3,809 | 22 | |
* | Bancorp Inc. | 2,757 | 22 |
Mercantile Bank Corp. | 4,011 | 22 | |
* | Camco Financial Corp. | 8,512 | 21 |
Rome Bancorp Inc. | 2,312 | 21 | |
* | Cadence Financial Corp. | 18,300 | 21 |
Roma Financial Corp. | 1,900 | 21 | |
Peapack Gladstone | |||
Financial Corp. | 1,726 | 20 | |
Gladstone Commercial Corp. | 1,223 | 20 | |
Kohlberg Capital Corp. | 3,900 | 20 | |
Main Street Capital Corp. | 1,300 | 19 | |
* | Hallmark Financial Services | 1,900 | 19 |
First M&F Corp. | 4,667 | 18 | |
* | Nicholas Financial Inc. | 2,250 | 18 |
*,^ | Sterling Financial Corp. | 32,946 | 18 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Heritage Commerce Corp. | 5,040 | 18 |
* | Sun Bancorp Inc. | 4,671 | 18 |
* | Cascade Financial Corp. | 36,647 | 17 |
West Coast Bancorp | 6,258 | 16 | |
* | Stratus Properties Inc. | 1,599 | 16 |
* | North Valley Bancorp | 6,436 | 14 |
TF Financial Corp. | 616 | 13 | |
National Interstate Corp. | 660 | 13 | |
* | United Community | ||
Financial Corp. | 7,545 | 13 | |
Federal Agricultural | |||
Mortgage Corp. Class A | 1,021 | 12 | |
Home Federal Bancorp Inc. | 957 | 12 | |
* | BCSB Bancorp Inc. | 1,195 | 12 |
HopFed Bancorp Inc. | 1,305 | 12 | |
* | Bank of Granite Corp. | 9,915 | 11 |
* | Pacific Mercantile Bancorp | 3,238 | 11 |
*,^ | Premierwest Bancorp | 27,747 | 11 |
Provident Financial | |||
Holdings Inc. | 2,290 | 11 | |
Codorus Valley Bancorp Inc. | 1,184 | 9 | |
Smithtown Bancorp Inc. | 2,863 | 9 | |
^ | Old Second Bancorp Inc. | 4,202 | 8 |
* | Maui Land & | ||
Pineapple Co. Inc. | 2,176 | 8 | |
* | Preferred Bank | 3,847 | 8 |
* | HMN Financial Inc. | 1,711 | 8 |
First United Corp. | 1,815 | 7 | |
* | Unity Bancorp Inc. | 1,310 | 7 |
Middleburg Financial Corp. | 500 | 7 | |
Jefferson Bancshares Inc. | 1,600 | 6 | |
Farmers Capital Bank Corp. | 1,180 | 6 | |
* | First State Bancorporation | 19,054 | 6 |
* | Seacoast Banking Corp. of | ||
Florida | 4,404 | 6 | |
* | Macatawa Bank Corp. | 4,554 | 5 |
* | Royal Bancshares of | ||
Pennsylvania Inc. | 1,768 | 5 | |
Indiana Community | |||
Bancorp | 438 | 5 | |
Wayne Savings | |||
Bancshares Inc. | 673 | 5 | |
First Federal Bancshares of | |||
Arkansas Inc. | 1,606 | 4 | |
Northrim BanCorp Inc. | 256 | 4 | |
^ | Integra Bank Corp. | 4,988 | 4 |
Independent Bank Corp. | 9,627 | 4 | |
Thomas Properties | |||
Group Inc. | 1,100 | 4 | |
Firstbank Corp. | 820 | 3 | |
HF Financial Corp. | 347 | 3 | |
MutualFirst Financial Inc. | 500 | 3 | |
First Financial Service Corp. | 438 | 3 | |
State Bancorp Inc. | 330 | 3 | |
Parkvale Financial Corp. | 316 | 3 |
24
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
*,^ | Hanmi Financial Corp. | ||
Rights Exp. 7/12/2010 | 39,333 | 2 | |
* | Superior Bancorp | 1,211 | 2 |
Timberland Bancorp Inc. | 706 | 2 | |
Peoples Financial Corp. | 166 | 2 | |
* | Northern States | ||
Financial Corp. | 599 | 1 | |
FNB United Corp. | 1,696 | 1 | |
21st Century Holding Co. | 282 | 1 | |
* | Valley National Bancorp | ||
Warrants Exp. 06/30/2015 | 240 | 1 | |
* | Teton Advisors Inc. Class A | 99 | 1 |
United Security Bancshares | 86 | 1 | |
* | Hampton Roads | ||
Bankshares Inc. | 900 | 1 | |
Princeton National | |||
Bancorp Inc. | 100 | 1 | |
* | MetroCorp Bancshares Inc. | 159 | — |
* | ZipRealty Inc. | 100 | — |
Brooklyn Federal | |||
Bancorp Inc. | 44 | — | |
* | TIB Financial Corp. | 394 | — |
1,941,604 | |||
Health Care (12.3%) | |||
Johnson & Johnson | 2,855,033 | 168,618 | |
Pfizer Inc. | 8,350,928 | 119,084 | |
Merck & Co. Inc. | 3,160,665 | 110,528 | |
Abbott Laboratories | 1,606,699 | 75,161 | |
* | Amgen Inc. | 1,029,666 | 54,160 |
Bristol-Myers Squibb Co. | 1,773,741 | 44,237 | |
Medtronic Inc. | 1,143,124 | 41,461 | |
Eli Lilly & Co. | 1,073,956 | 35,978 | |
UnitedHealth Group Inc. | 1,197,814 | 34,018 | |
* | Gilead Sciences Inc. | 931,264 | 31,924 |
* | Medco Health | ||
Solutions Inc. | 480,258 | 26,453 | |
* | Express Scripts Inc. | 541,258 | 25,450 |
Baxter International Inc. | 623,678 | 25,346 | |
* | Celgene Corp. | 475,794 | 24,180 |
* | WellPoint Inc. | 459,398 | 22,478 |
Covidien PLC | 517,645 | 20,799 | |
* | Thermo Fisher | ||
Scientific Inc. | 423,710 | 20,783 | |
McKesson Corp. | 278,796 | 18,724 | |
Allergan Inc. | 314,570 | 18,327 | |
Becton Dickinson and Co. | 243,891 | 16,492 | |
Stryker Corp. | 308,938 | 15,465 | |
* | Genzyme Corp. | 274,693 | 13,946 |
* | Biogen Idec Inc. | 278,990 | 13,238 |
* | Intuitive Surgical Inc. | 39,845 | 12,576 |
Cardinal Health Inc. | 374,092 | 12,573 | |
* | St. Jude Medical Inc. | 345,905 | 12,484 |
Aetna Inc. | 446,003 | 11,766 | |
* | Zimmer Holdings Inc. | 209,914 | 11,346 |
* | Hospira Inc. | 169,575 | 9,742 |
Market | |||
Value• | |||
Shares | ($000) | ||
AmerisourceBergen Corp. | |||
Class A | 292,263 | 9,279 | |
* | Boston Scientific Corp. | 1,563,943 | 9,071 |
* | Life Technologies Corp. | 187,130 | 8,842 |
CIGNA Corp. | 284,543 | 8,838 | |
* | Forest Laboratories Inc. | 312,894 | 8,583 |
* | Laboratory Corp. of | ||
America Holdings | 108,422 | 8,170 | |
* | Humana Inc. | 176,161 | 8,045 |
Quest Diagnostics Inc. | 157,413 | 7,834 | |
CR Bard Inc. | 99,053 | 7,680 | |
* | Vertex Pharmaceuticals Inc. | 207,575 | 6,829 |
* | Varian Medical | ||
Systems Inc. | 128,280 | 6,706 | |
* | DaVita Inc. | 106,846 | 6,671 |
* | Edwards Lifesciences Corp. | 117,050 | 6,557 |
* | Waters Corp. | 96,903 | 6,270 |
* | Millipore Corp. | 58,047 | 6,191 |
* | Cerner Corp. | 72,153 | 5,476 |
* | Illumina Inc. | 124,573 | 5,423 |
* | Mylan Inc. | 317,420 | 5,409 |
* | Henry Schein Inc. | 94,009 | 5,161 |
Perrigo Co. | 85,272 | 5,037 | |
* | ResMed Inc. | 77,953 | 4,740 |
* | Alexion | ||
Pharmaceuticals Inc. | 92,492 | 4,735 | |
* | Dendreon Corp. | 138,816 | 4,488 |
* | CareFusion Corp. | 195,442 | 4,437 |
* | Watson | ||
Pharmaceuticals Inc. | 109,072 | 4,425 | |
* | Human Genome | ||
Sciences Inc. | 194,633 | 4,410 | |
* | Cephalon Inc. | 77,668 | 4,408 |
Beckman Coulter Inc. | 72,382 | 4,364 | |
DENTSPLY | |||
International Inc. | 145,334 | 4,347 | |
* | Valeant Pharmaceuticals | ||
International | 81,084 | 4,240 | |
* | Mettler-Toledo | ||
International Inc. | 34,996 | 3,907 | |
* | Hologic Inc. | 267,852 | 3,731 |
* | IDEXX Laboratories Inc. | 60,101 | 3,660 |
Universal Health | |||
Services Inc. Class B | 92,917 | 3,545 | |
* | Covance Inc. | 66,390 | 3,407 |
* | Lincare Holdings Inc. | 102,340 | 3,327 |
* | Community Health | ||
Systems Inc. | 96,613 | 3,266 | |
Pharmaceutical Product | |||
Development Inc. | 116,892 | 2,970 | |
Omnicare Inc. | 125,072 | 2,964 | |
* | Amylin Pharmaceuticals Inc. | 149,583 | 2,812 |
Patterson Cos. Inc. | 95,451 | 2,723 | |
* | Coventry Health Care Inc. | 153,940 | 2,722 |
* | Mednax Inc. | 48,887 | 2,719 |
25
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Warner Chilcott PLC | ||
Class A | 117,524 | 2,685 | |
* | Endo Pharmaceuticals | ||
Holdings Inc. | 121,879 | 2,659 | |
* | United Therapeutics Corp. | 53,869 | 2,629 |
* | Health Net Inc. | 104,576 | 2,549 |
PerkinElmer Inc. | 121,371 | 2,509 | |
* | Kinetic Concepts Inc. | 66,949 | 2,444 |
* | Thoratec Corp. | 56,580 | 2,418 |
* | Charles River Laboratories | ||
International Inc. | 69,073 | 2,363 | |
* | Gen-Probe Inc. | 51,679 | 2,347 |
* | Salix Pharmaceuticals Ltd. | 58,026 | 2,265 |
Teleflex Inc. | 41,458 | 2,250 | |
* | Inverness Medical | ||
Innovations Inc. | 82,561 | 2,201 | |
* | Tenet Healthcare Corp. | 502,099 | 2,179 |
Techne Corp. | 36,699 | 2,108 | |
* | VCA Antech Inc. | 85,112 | 2,107 |
* | Health Management | ||
Associates Inc. Class A | 260,884 | 2,027 | |
* | BioMarin | ||
Pharmaceutical Inc. | 106,024 | 2,010 | |
Hill-Rom Holdings Inc. | 65,312 | 1,987 | |
* | King Pharmaceuticals Inc. | 261,065 | 1,981 |
STERIS Corp. | 61,575 | 1,914 | |
Cooper Cos. Inc. | 48,056 | 1,912 | |
Owens & Minor Inc. | 66,275 | 1,881 | |
* | Psychiatric Solutions Inc. | 56,167 | 1,838 |
* | Healthsouth Corp. | 96,646 | 1,808 |
* | LifePoint Hospitals Inc. | 57,012 | 1,790 |
* | AMERIGROUP Corp. | 53,887 | 1,750 |
* | Bio-Rad Laboratories Inc. | ||
Class A | 20,157 | 1,743 | |
* | American Medical Systems | ||
Holdings Inc. | 78,267 | 1,731 | |
* | ev3 Inc. | 76,008 | 1,703 |
* | HMS Holdings Corp. | 28,146 | 1,526 |
* | Myriad Genetics Inc. | 101,322 | 1,515 |
* | Sirona Dental Systems Inc. | 43,422 | 1,513 |
* | Emergency Medical | ||
Services Corp. Class A | 30,732 | 1,507 | |
* | NuVasive Inc. | 40,611 | 1,440 |
* | Immucor Inc. | 74,209 | 1,414 |
* | Onyx Pharmaceuticals Inc. | 65,225 | 1,408 |
* | Haemonetics Corp. | 26,277 | 1,406 |
* | Dionex Corp. | 18,682 | 1,391 |
* | Regeneron | ||
Pharmaceuticals Inc. | 61,740 | 1,378 | |
Medicis | |||
Pharmaceutical Corp. | |||
Class A | 62,651 | 1,371 | |
* | Incyte Corp. Ltd. | 123,156 | 1,363 |
* | Catalyst Health | ||
Solutions Inc. | 39,488 | 1,362 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Talecris Biotherapeutics | ||
Holdings Corp. | 63,795 | 1,346 | |
* | PSS World Medical Inc. | 62,769 | 1,328 |
* | Parexel International Corp. | 61,124 | 1,325 |
* | Brookdale Senior Living Inc. | 88,091 | 1,321 |
* | Magellan Health | ||
Services Inc. | 36,140 | 1,313 | |
Chemed Corp. | 23,862 | 1,304 | |
*,^ | Amedisys Inc. | 29,371 | 1,291 |
Masimo Corp. | 54,202 | 1,291 | |
West Pharmaceutical | |||
Services Inc. | 34,721 | 1,267 | |
* | Cubist Pharmaceuticals Inc. | 61,065 | 1,258 |
* | Acorda Therapeutics Inc. | 40,259 | 1,252 |
* | Alkermes Inc. | 99,629 | 1,240 |
Quality Systems Inc. | 20,894 | 1,212 | |
* | Nektar Therapeutics | 98,949 | 1,197 |
* | Auxilium | ||
Pharmaceuticals Inc. | 49,520 | 1,164 | |
* | Centene Corp. | 53,367 | 1,147 |
* | Allscripts-Misys Healthcare | ||
Solutions Inc. | 69,045 | 1,112 | |
* | Seattle Genetics Inc. | 90,725 | 1,088 |
* | Eclipsys Corp. | 60,564 | 1,080 |
* | WellCare Health Plans Inc. | 44,842 | 1,065 |
* | Impax Laboratories Inc. | 55,352 | 1,055 |
* | MedAssets Inc. | 44,226 | 1,021 |
* | Volcano Corp. | 46,489 | 1,014 |
* | Align Technology Inc. | 66,673 | 991 |
* | Cepheid Inc. | 61,874 | 991 |
* | Cyberonics Inc. | 41,420 | 981 |
* | Martek Biosciences Corp. | 40,994 | 972 |
* | Par Pharmaceutical Cos. Inc. | 36,746 | 954 |
* | Isis Pharmaceuticals Inc. | 97,240 | 931 |
* | Pharmasset Inc. | 33,828 | 925 |
* | Odyssey HealthCare Inc. | 34,477 | 921 |
* | Viropharma Inc. | 81,661 | 915 |
* | Theravance Inc. | 72,600 | 913 |
* | AMAG Pharmaceuticals Inc. | 26,028 | 894 |
Analogic Corp. | 19,367 | 881 | |
* | Savient Pharmaceuticals Inc. | 69,642 | 877 |
* | Healthspring Inc. | 56,081 | 870 |
* | Integra LifeSciences | ||
Holdings Corp. | 22,980 | 850 | |
* | Gentiva Health Services Inc. | 31,426 | 849 |
* | Bruker Corp. | 68,608 | 834 |
* | Wright Medical Group Inc. | 49,714 | 826 |
Invacare Corp. | 39,716 | 824 | |
* | Vivus Inc. | 85,758 | 823 |
* | Immunogen Inc. | 88,409 | 820 |
* | Bio-Reference Labs Inc. | 36,816 | 816 |
* | Alnylam Pharmaceuticals Inc. | 53,614 | 805 |
* | Conmed Corp. | 43,126 | 803 |
* | Celera Corp. | 121,292 | 794 |
* | Halozyme Therapeutics Inc. | 110,511 | 778 |
26
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Enzon Pharmaceuticals Inc. | 70,476 | 751 |
* | Allos Therapeutics Inc. | 121,182 | 743 |
* | Natus Medical Inc. | 45,277 | 738 |
Meridian Bioscience Inc. | 43,359 | 737 | |
* | Geron Corp. | 145,502 | 730 |
* | Abaxis Inc. | 33,979 | 728 |
PDL BioPharma Inc. | 124,982 | 702 | |
* | Phase Forward Inc. | 41,711 | 696 |
* | Amsurg Corp. Class A | 38,936 | 694 |
* | Conceptus Inc. | 42,928 | 669 |
* | inVentiv Health Inc. | 26,080 | 668 |
Computer Programs & | |||
Systems Inc. | 16,266 | 666 | |
* | Questcor | ||
Pharmaceuticals Inc. | 64,303 | 657 | |
* | Affymetrix Inc. | 105,651 | 623 |
* | Abraxis Bioscience Inc. | 8,353 | 620 |
* | Hanger Orthopedic | ||
Group Inc. | 34,374 | 617 | |
* | Luminex Corp. | 37,772 | 613 |
* | athenahealth Inc. | 23,308 | 609 |
* | ABIOMED Inc. | 61,033 | 591 |
* | Accuray Inc. | 89,017 | 590 |
* | Medicines Co. | 75,154 | 572 |
* | Arena Pharmaceuticals Inc. | 185,199 | 569 |
* | Exelixis Inc. | 162,052 | 562 |
* | Greatbatch Inc. | 24,740 | 552 |
Landauer Inc. | 8,960 | 545 | |
* | Almost Family Inc. | 15,377 | 537 |
* | Air Methods Corp. | 17,941 | 534 |
* | Emergent Biosolutions Inc. | 32,378 | 529 |
* | Assisted Living | ||
Concepts Inc. Class A | 17,821 | 527 | |
* | Ariad Pharmaceuticals Inc. | 181,365 | 511 |
* | Universal American Corp. | 35,311 | 508 |
* | MWI Veterinary Supply Inc. | 9,820 | 494 |
* | InterMune Inc. | 52,508 | 491 |
* | Emeritus Corp. | 30,087 | 491 |
* | AMN Healthcare | ||
Services Inc. | 65,230 | 488 | |
Cantel Medical Corp. | 28,669 | 479 | |
* | Momenta | ||
Pharmaceuticals Inc. | 38,938 | 477 | |
* | DexCom Inc. | 41,193 | 476 |
* | Corvel Corp. | 14,041 | 474 |
* | Angiodynamics Inc. | 31,860 | 470 |
* | Globe Specialty Metals Inc. | 45,060 | 465 |
* | ATS Medical Inc. | 116,831 | 464 |
* | Clinical Data Inc. | 36,735 | 457 |
* | Akorn Inc. | 153,127 | 455 |
* | Orthofix International NV | 14,146 | 453 |
* | Healthways Inc. | 37,502 | 447 |
* | Kindred Healthcare Inc. | 34,725 | 446 |
* | Arqule Inc. | 102,924 | 443 |
* | PharMerica Corp. | 30,067 | 441 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | AVANIR | ||
Pharmaceuticals Inc. | 168,915 | 434 | |
* | ICU Medical Inc. | 13,252 | 426 |
* | American Dental | ||
Partners Inc. | 35,134 | 425 | |
*,^ | BioCryst | ||
Pharmaceuticals Inc. | 71,553 | 423 | |
*,^ | AVI BioPharma Inc. | 257,479 | 415 |
*,^ | Cerus Corp. | 130,938 | 414 |
* | Merit Medical Systems Inc. | 25,578 | 411 |
*,^ | MannKind Corp. | 62,469 | 399 |
* | Cross Country | ||
Healthcare Inc. | 44,267 | 398 | |
* | Molina Healthcare Inc. | 13,750 | 396 |
* | Array Biopharma Inc. | 128,561 | 392 |
* | Cadence | ||
Pharmaceuticals Inc. | 55,071 | 386 | |
* | Genomic Health Inc. | 29,069 | 376 |
* | Zoll Medical Corp. | 13,637 | 370 |
* | Neogen Corp. | 14,145 | 368 |
* | RehabCare Group Inc. | 16,913 | 368 |
* | BioScrip Inc. | 70,135 | 368 |
* | eResearchTechnology Inc. | 45,597 | 359 |
* | Alphatec Holdings Inc. | 74,771 | 347 |
* | Inspire Pharmaceuticals Inc. | 69,003 | 344 |
America Service Group Inc. | 19,781 | 340 | |
* | Affymax Inc. | 56,478 | 338 |
*,^ | Sequenom Inc. | 56,121 | 332 |
* | Kensey Nash Corp. | 13,231 | 314 |
Atrion Corp. | 2,308 | 312 | |
* | CryoLife Inc. | 57,553 | 310 |
* | Exactech Inc. | 17,833 | 305 |
* | Capital Senior Living Corp. | 61,232 | 304 |
* | Cutera Inc. | 32,229 | 297 |
* | Allied Healthcare | ||
International Inc. | 127,012 | 295 | |
* | Anadys Pharmaceuticals Inc. | 153,472 | 295 |
* | Accelrys Inc. | 45,418 | 293 |
* | LHC Group Inc. | 10,274 | 285 |
* | Idenix Pharmaceuticals Inc. | 54,528 | 273 |
* | Symmetry Medical Inc. | 25,666 | 271 |
* | Insulet Corp. | 17,922 | 270 |
* | Medivation Inc. | 29,952 | 265 |
* | XenoPort Inc. | 26,532 | 260 |
* | Anika Therapeutics Inc. | 43,633 | 257 |
* | Rigel Pharmaceuticals Inc. | 35,654 | 257 |
* | NPS Pharmaceuticals Inc. | 39,765 | 256 |
* | Quidel Corp. | 19,968 | 253 |
* | Caliper Life Sciences Inc. | 58,415 | 249 |
* | Antigenics Inc. | 304,253 | 247 |
*,^ | Cell Therapeutics Inc. | 647,364 | 243 |
* | Biodel Inc. | 62,899 | 238 |
* | Depomed Inc. | 82,966 | 232 |
* | SurModics Inc. | 13,658 | 224 |
27
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Alliance HealthCare | ||
Services Inc. | 55,320 | 224 | |
* | Cytokinetics Inc. | 92,064 | 218 |
*,^ | Delcath Systems Inc. | 34,374 | 218 |
* | Durect Corp. | 87,225 | 212 |
* | Continucare Corp. | 63,099 | 211 |
* | Cynosure Inc. Class A | 19,600 | 211 |
* | Micromet Inc. | 32,940 | 206 |
* | Albany Molecular | ||
Research Inc. | 39,452 | 204 | |
* | IPC The Hospitalist Co. Inc. | 7,993 | 201 |
* | Curis Inc. | 137,305 | 191 |
* | SonoSite Inc. | 6,972 | 189 |
* | Acadia Pharmaceuticals Inc. | 172,478 | 188 |
* | Targacept Inc. | 9,520 | 184 |
* | Select Medical | ||
Holdings Corp. | 26,900 | 182 | |
* | Omnicell Inc. | 15,566 | 182 |
* | Five Star Quality Care Inc. | 59,524 | 180 |
* | Sun Healthcare Group Inc. | 21,985 | 178 |
* | Ardea Biosciences Inc. | 8,586 | 177 |
* | Genoptix Inc. | 10,130 | 174 |
* | Immunomedics Inc. | 54,965 | 170 |
* | Pain Therapeutics Inc. | 29,876 | 166 |
*,^ | Alexza Pharmaceuticals Inc. | 60,905 | 166 |
* | Icad Inc. | 85,253 | 163 |
* | BioMimetic | ||
Therapeutics Inc. | 14,542 | 162 | |
* | Medical Action | ||
Industries Inc. | 13,400 | 161 | |
National Healthcare Corp. | 4,638 | 160 | |
* | Opko Health Inc. | 70,447 | 159 |
* | Triple-S Management Corp. | ||
Class B | 8,516 | 158 | |
* | Celldex Therapeutics Inc. | 34,038 | 155 |
* | Nabi Biopharmaceuticals | 28,374 | 154 |
* | Dyax Corp. | 66,289 | 150 |
* | Zymogenetics Inc. | 35,564 | 150 |
* | Palomar Medical | ||
Technologies Inc. | 13,230 | 148 | |
* | Optimer | ||
Pharmaceuticals Inc. | 15,913 | 148 | |
* | OraSure Technologies Inc. | 31,409 | 145 |
* | Clarient Inc. | 47,051 | 145 |
* | Endologix Inc. | 31,906 | 145 |
* | NxStage Medical Inc. | 9,528 | 141 |
* | Columbia Laboratories Inc. | 130,796 | 139 |
* | BioClinica Inc. | 33,629 | 138 |
* | Pozen Inc. | 19,561 | 137 |
* | IRIS International Inc. | 13,438 | 136 |
* | Res-Care Inc. | 14,044 | 136 |
* | Caraco Pharmaceutical | ||
Laboratories Ltd. | 28,470 | 134 | |
*,^ | Protalix BioTherapeutics Inc. | 21,775 | 133 |
* | Cypress Bioscience Inc. | 57,335 | 132 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | BMP Sunstone Corp. | 25,593 | 132 |
* | Adolor Corp. | 119,017 | 130 |
* | Micrus Endovascular Corp. | 6,139 | 128 |
* | Metabolix Inc. | 8,913 | 128 |
* | US Physical Therapy Inc. | 7,364 | 124 |
* | Chelsea Therapeutics | ||
International Inc. | 41,466 | 122 | |
* | Ligand Pharmaceuticals Inc. | ||
Class B | 82,454 | 120 | |
* | BioSphere Medical Inc. | 27,491 | 119 |
*,^ | GTx Inc. | 38,110 | 116 |
* | PDI Inc. | 13,965 | 116 |
* | Harvard Bioscience Inc. | 32,348 | 115 |
* | LCA-Vision Inc. | 19,487 | 108 |
* | Merge Healthcare Inc. | 35,735 | 105 |
*,^ | Biosante | ||
Pharmaceuticals Inc. | 57,027 | 100 | |
* | Lexicon | ||
Pharmaceuticals Inc. | 78,062 | 100 | |
* | Sunrise Senior Living Inc. | 35,487 | 99 |
* | Medcath Corp. | 12,390 | 97 |
*,^ | Novavax Inc. | 44,611 | 97 |
*,^ | Cytori Therapeutics Inc. | 27,510 | 96 |
* | Maxygen Inc. | 17,251 | 95 |
* | Progenics | ||
Pharmaceuticals Inc. | 17,277 | 95 | |
* | Furiex Pharmaceuticals Inc. | 9,316 | 95 |
* | HealthTronics Inc. | 19,398 | 94 |
* | Biolase Technology Inc. | 62,416 | 92 |
* | Vital Images Inc. | 7,125 | 91 |
* | Neurocrine Biosciences Inc. | 15,959 | 89 |
* | Matrixx Initiatives Inc. | 19,418 | 89 |
* | Biotime Inc. | 13,700 | 84 |
* | Rochester Medical Corp. | 8,732 | 83 |
* | Myrexis Inc. | 21,508 | 81 |
* | AtriCure Inc. | 12,100 | 80 |
* | Corcept Therapeutics Inc. | 23,958 | 75 |
* | Spectranetics Corp. | 14,143 | 73 |
* | Vascular Solutions Inc. | 5,686 | 71 |
* | CytRx Corp. | 91,582 | 71 |
* | Insmed Inc. | 104,650 | 70 |
* | Somanetics Corp. | 2,801 | 70 |
* | CPEX Pharmaceuticals Inc. | 2,615 | 69 |
* | Pharmacyclics Inc. | 10,359 | 69 |
* | National Dentex Corp. | 3,944 | 66 |
* | Kendle International Inc. | 5,707 | 66 |
* | Staar Surgical Co. | 11,213 | 64 |
* | Providence Service Corp. | 4,531 | 63 |
* | Enzo Biochem Inc. | 14,711 | 60 |
* | Cambrex Corp. | 18,866 | 59 |
* | RTI Biologics Inc. | 20,090 | 59 |
* | KV Pharmaceutical Co. | ||
Class A | 69,948 | 59 | |
* | Animal Health | ||
International Inc. | 23,689 | 59 |
28
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Arrowhead Research Corp. | 52,360 | 58 |
* | Orthovita Inc. | 28,262 | 57 |
*,^ | Javelin Pharmaceuticals Inc. | 25,200 | 55 |
* | Bovie Medical Corp. | 17,701 | 53 |
* | Aastrom Biosciences Inc. | 34,684 | 52 |
* | Rural/Metro Corp. | 6,345 | 52 |
* | Discovery Laboratories Inc. | 259,554 | 49 |
* | Penwest | ||
Pharmaceuticals Co. | 13,587 | 45 | |
* | American Caresource | ||
Holdings Inc. | 25,682 | 44 | |
* | Osiris Therapeutics Inc. | 7,100 | 41 |
* | Hi-Tech Pharmacal Co. Inc. | 1,800 | 41 |
* | AspenBio Pharma Inc. | 41,854 | 41 |
* | AGA Medical Holdings Inc. | 3,200 | 41 |
* | GenVec Inc. | 86,742 | 40 |
* | Hemispherx Biopharma Inc. | 84,882 | 40 |
* | Nighthawk Radiology | ||
Holdings Inc. | 15,154 | 39 | |
* | Digirad Corp. | 18,388 | 38 |
Psychemedics Corp. | 4,628 | 38 | |
* | Idera Pharmaceuticals Inc. | 10,285 | 37 |
* | Sangamo Biosciences Inc. | 9,647 | 36 |
* | Sciclone | ||
Pharmaceuticals Inc. | 13,095 | 35 | |
Ensign Group Inc. | 2,100 | 35 | |
* | Hooper Holmes Inc. | 58,824 | 34 |
* | Medidata Solutions Inc. | 2,150 | 33 |
* | MAKO Surgical Corp. | 2,600 | 32 |
* | Synovis Life | ||
Technologies Inc. | 2,100 | 32 | |
* | Infinity Pharmaceuticals Inc. | 5,218 | 31 |
* | SuperGen Inc. | 14,785 | 30 |
* | Osteotech Inc. | 8,935 | 28 |
* | Vanda Pharmaceuticals Inc. | 4,252 | 28 |
* | Stereotaxis Inc. | 8,300 | 27 |
* | Spectrum | ||
Pharmaceuticals Inc. | 6,800 | 27 | |
* | SIGA Technologies Inc. | 3,397 | 26 |
*,^ | Combinatorx Inc. | 17,331 | 25 |
* | Cardiac Science Corp. | 25,269 | 25 |
* | Vical Inc. | 7,842 | 24 |
* | CardioNet Inc. | 4,400 | 24 |
* | Santarus Inc. | 9,196 | 23 |
* | Chindex International Inc. | 1,800 | 23 |
* | ISTA Pharmaceuticals Inc. | 9,776 | 21 |
* | Theragenics Corp. | 18,231 | 21 |
* | RadNet Inc. | 8,733 | 21 |
* | Arcadia Resources Inc. | 38,500 | 20 |
* | Skilled Healthcare Group Inc. | 3,000 | 20 |
* | Peregrine | ||
Pharmaceuticals Inc. | 9,467 | 20 | |
* | TomoTherapy Inc. | 6,200 | 20 |
* | Mediware | ||
Information Systems | 2,170 | 20 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | ThermoGenesis Corp. | 37,607 | 18 |
* | MAP Pharmaceuticals Inc. | 1,400 | 18 |
* | Repligen Corp. | 5,551 | 18 |
* | Obagi Medical Products Inc. | 1,500 | 18 |
* | Hansen Medical Inc. | 8,149 | 17 |
* | Keryx | ||
Biopharmaceuticals Inc. | 4,700 | 17 | |
* | StemCells Inc. | 17,974 | 17 |
* | Telik Inc. | 21,589 | 17 |
* | Transcend Services Inc. | 1,200 | 16 |
* | Metropolitan Health | ||
Networks Inc. | 4,186 | 16 | |
* | Cel-Sci Corp. | 31,800 | 16 |
* | Dynavax Technologies Corp. | 7,379 | 14 |
* | Orexigen Therapeutics Inc. | 3,200 | 13 |
* | ARCA Biopharma Inc. | 3,931 | 13 |
* | XOMA Ltd. | 28,554 | 12 |
Young Innovations Inc. | 377 | 11 | |
* | Orchid Cellmark Inc. | 6,213 | 11 |
* | Capstone Therapeutics Corp. | 14,989 | 10 |
* | EnteroMedics Inc. | 26,774 | 10 |
* | Entremed Inc. | 23,118 | 9 |
* | ADVENTRX | ||
Pharmaceuticals Inc. | 5,516 | 9 | |
* | Jazz Pharmaceuticals Inc. | 1,045 | 8 |
* | BSD Medical Corp. | 6,000 | 7 |
* | OTIX Global Inc. | 1,728 | 7 |
* | Strategic Diagnostics Inc. | 3,632 | 7 |
* | ARYx Therapeutics Inc. | 13,400 | 6 |
* | Amicus Therapeutics Inc. | 2,400 | 5 |
* | IVAX Diagnostics Inc. | 10,266 | 5 |
*,^ | OXiGENE Inc. | 11,910 | 5 |
* | Cardica Inc. | 2,775 | 5 |
* | RXi Pharmaceuticals Corp. | 1,626 | 4 |
* | NMT Medical Inc. | 3,896 | 2 |
* | NovaMed Inc. | 206 | 2 |
* | Heska Corp. | 2,582 | 2 |
* | EpiCept Corp. | 1,325 | 1 |
* | Interleukin Genetics Inc. | 2,262 | 1 |
* | ProPhase Labs Inc. | 400 | — |
1,464,173 | |||
Industrials (11.0%) | |||
General Electric Co. | 11,040,699 | 159,207 | |
United Technologies Corp. | 921,521 | 59,816 | |
3M Co. | 699,716 | 55,271 | |
Boeing Co. | 704,987 | 44,238 | |
United Parcel Service Inc. | |||
Class B | 738,773 | 42,029 | |
Caterpillar Inc. | 646,443 | 38,832 | |
Union Pacific Corp. | 522,936 | 36,349 | |
Emerson Electric Co. | 778,695 | 34,021 | |
Honeywell | |||
International Inc. | 751,639 | 29,336 | |
Lockheed Martin Corp. | 330,281 | 24,606 | |
Deere & Co. | 437,326 | 24,350 |
29
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
FedEx Corp. | 307,625 | 21,568 | |
Danaher Corp. | 569,098 | 21,125 | |
Norfolk Southern Corp. | 382,581 | 20,296 | |
CSX Corp. | 403,661 | 20,034 | |
General Dynamics Corp. | 339,304 | 19,870 | |
Raytheon Co. | 392,311 | 18,984 | |
Tyco International Ltd. | 532,407 | 18,757 | |
Illinois Tool Works Inc. | 441,969 | 18,244 | |
Northrop Grumman Corp. | 297,669 | 16,205 | |
Precision Castparts Corp. | 146,699 | 15,098 | |
Waste Management Inc. | 476,782 | 14,919 | |
PACCAR Inc. | 339,168 | 13,523 | |
Cummins Inc. | 197,947 | 12,892 | |
Republic Services Inc. | |||
Class A | 394,232 | 11,721 | |
Ingersoll-Rand PLC | 332,275 | 11,460 | |
Eaton Corp. | 163,577 | 10,704 | |
CH Robinson | |||
Worldwide Inc. | 172,568 | 9,605 | |
* | Delta Air Lines Inc. | 812,777 | 9,550 |
Parker Hannifin Corp. | 166,391 | 9,228 | |
Rockwell Collins Inc. | 162,742 | 8,646 | |
Goodrich Corp. | 129,615 | 8,587 | |
Southwest Airlines Co. | 769,144 | 8,545 | |
L-3 Communications | |||
Holdings Inc. | 119,664 | 8,477 | |
Dover Corp. | 193,822 | 8,100 | |
ITT Corp. | 179,686 | 8,072 | |
Fluor Corp. | 185,093 | 7,866 | |
Cooper Industries PLC | 172,991 | 7,612 | |
Expeditors International of | |||
Washington Inc. | 219,501 | 7,575 | |
Rockwell Automation Inc. | 147,753 | 7,253 | |
Fastenal Co. | 137,303 | 6,891 | |
WW Grainger Inc. | 63,776 | 6,343 | |
* | Stericycle Inc. | 83,681 | 5,488 |
Roper Industries Inc. | 97,187 | 5,439 | |
Joy Global Inc. | 106,454 | 5,332 | |
* | McDermott | ||
International Inc. | 238,718 | 5,171 | |
Flowserve Corp. | 57,681 | 4,891 | |
Textron Inc. | 282,901 | 4,801 | |
Pitney Bowes Inc. | 215,252 | 4,727 | |
* | Jacobs Engineering | ||
Group Inc. | 129,279 | 4,711 | |
AMETEK Inc. | 111,876 | 4,492 | |
* | Quanta Services Inc. | 217,045 | 4,482 |
Iron Mountain Inc. | 189,814 | 4,263 | |
Pall Corp. | 121,470 | 4,175 | |
Masco Corp. | 373,538 | 4,019 | |
* | Kansas City Southern | 105,645 | 3,840 |
Manpower Inc. | 87,930 | 3,797 | |
Bucyrus International Inc. | |||
Class A | 79,683 | 3,781 | |
Equifax Inc. | 131,310 | 3,685 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | UAL Corp. | 173,750 | 3,572 |
* | Owens Corning | 119,233 | 3,566 |
Dun & Bradstreet Corp. | 52,811 | 3,545 | |
RR Donnelley & Sons Co. | 213,077 | 3,488 | |
Robert Half | |||
International Inc. | 146,345 | 3,446 | |
* | URS Corp. | 87,105 | 3,428 |
Cintas Corp. | 142,781 | 3,422 | |
KBR Inc. | 166,670 | 3,390 | |
Avery Dennison Corp. | 104,952 | 3,372 | |
Pentair Inc. | 102,512 | 3,301 | |
* | Navistar International Corp. | 66,192 | 3,257 |
Donaldson Co. Inc. | 76,029 | 3,243 | |
JB Hunt Transport | |||
Services Inc. | 99,200 | 3,241 | |
* | Continental Airlines Inc. | ||
Class B | 144,394 | 3,177 | |
* | Verisk Analytics Inc. | ||
Class A | 104,534 | 3,126 | |
* | Shaw Group Inc. | 86,772 | 2,969 |
* | Oshkosh Corp. | 92,997 | 2,898 |
* | Foster Wheeler AG | 132,536 | 2,791 |
SPX Corp. | 51,926 | 2,742 | |
* | Waste Connections Inc. | 77,731 | 2,712 |
* | Copart Inc. | 74,470 | 2,667 |
* | AGCO Corp. | 96,347 | 2,598 |
* | BE Aerospace Inc. | 101,119 | 2,571 |
* | IHS Inc. Class A | 42,955 | 2,509 |
TransDigm Group Inc. | 48,500 | 2,475 | |
Snap-On Inc. | 60,165 | 2,461 | |
Gardner Denver Inc. | 54,407 | 2,426 | |
IDEX Corp. | 84,240 | 2,407 | |
MSC Industrial Direct Co. | |||
Class A | 46,828 | 2,372 | |
* | AMR Corp. | 346,584 | 2,350 |
* | Corrections Corp. of | ||
America | 121,488 | 2,318 | |
Lincoln Electric Holdings Inc. | 44,662 | 2,277 | |
* | Covanta Holding Corp. | 136,761 | 2,269 |
Carlisle Cos. Inc. | 62,345 | 2,253 | |
Ryder System Inc. | 55,901 | 2,249 | |
Timken Co. | 86,271 | 2,242 | |
* | Hertz Global Holdings Inc. | 234,812 | 2,221 |
* | Aecom Technology Corp. | 95,492 | 2,202 |
Hubbell Inc. Class B | 55,034 | 2,184 | |
Kennametal Inc. | 85,150 | 2,165 | |
* | Alliant Techsystems Inc. | 34,631 | 2,149 |
Regal-Beloit Corp. | 38,380 | 2,141 | |
* | Terex Corp. | 113,204 | 2,121 |
* | FTI Consulting Inc. | 48,386 | 2,109 |
* | WABCO Holdings Inc. | 66,947 | 2,108 |
* | Spirit Aerosystems | ||
Holdings Inc. Class A | 110,476 | 2,106 | |
Lennox International Inc. | 50,209 | 2,087 | |
Landstar System Inc. | 52,533 | 2,048 |
30
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Kirby Corp. | 53,544 | 2,048 |
Harsco Corp. | 84,403 | 1,983 | |
Wabtec Corp. | 49,517 | 1,975 | |
* | Thomas & Betts Corp. | 54,845 | 1,903 |
Towers Watson & Co. | |||
Class A | 48,816 | 1,897 | |
CLARCOR Inc. | 53,085 | 1,886 | |
* | GrafTech International Ltd. | 124,774 | 1,824 |
Nordson Corp. | 31,872 | 1,787 | |
Graco Inc. | 63,212 | 1,782 | |
Toro Co. | 35,555 | 1,746 | |
Con-way Inc. | 56,622 | 1,700 | |
Baldor Electric Co. | 46,305 | 1,671 | |
* | Alaska Air Group Inc. | 37,101 | 1,668 |
* | Clean Harbors Inc. | 24,944 | 1,657 |
Acuity Brands Inc. | 45,318 | 1,649 | |
* | EMCOR Group Inc. | 69,219 | 1,604 |
Valmont Industries Inc. | 21,878 | 1,590 | |
* | Hexcel Corp. | 102,197 | 1,585 |
Crane Co. | 51,692 | 1,562 | |
Woodward Governor Co. | 60,291 | 1,539 | |
Watsco Inc. | 26,560 | 1,538 | |
* | Genesee & Wyoming Inc. | ||
Class A | 40,494 | 1,511 | |
* | Esterline Technologies Corp. | 31,359 | 1,488 |
* | WESCO International Inc. | 44,030 | 1,482 |
Trinity Industries Inc. | 82,942 | 1,470 | |
* | General Cable Corp. | 54,423 | 1,450 |
* | Teledyne Technologies Inc. | 37,481 | 1,446 |
* | US Airways Group Inc. | 167,208 | 1,440 |
* | JetBlue Airways Corp. | 257,496 | 1,414 |
Curtiss-Wright Corp. | 48,019 | 1,394 | |
* | United Stationers Inc. | 25,103 | 1,367 |
Actuant Corp. Class A | 71,814 | 1,352 | |
Knight Transportation Inc. | 65,768 | 1,331 | |
* | Moog Inc. Class A | 40,560 | 1,307 |
HNI Corp. | 46,891 | 1,294 | |
Alexander & Baldwin Inc. | 43,397 | 1,292 | |
UTi Worldwide Inc. | 104,390 | 1,292 | |
GATX Corp. | 48,407 | 1,292 | |
Brady Corp. Class A | 51,341 | 1,279 | |
* | Atlas Air Worldwide | ||
Holdings Inc. | 26,784 | 1,272 | |
* | Tetra Tech Inc. | 64,872 | 1,272 |
AO Smith Corp. | 26,150 | 1,260 | |
Manitowoc Co. Inc. | 137,145 | 1,254 | |
* | ArvinMeritor Inc. | 91,299 | 1,196 |
* | HUB Group Inc. Class A | 39,601 | 1,188 |
*,^ | American | ||
Superconductor Corp. | 44,291 | 1,182 | |
Triumph Group Inc. | 17,727 | 1,181 | |
Kaydon Corp. | 35,162 | 1,155 | |
* | Geo Group Inc. | 54,462 | 1,130 |
* | Dollar Thrifty Automotive | ||
Group Inc. | 26,024 | 1,109 |
Market | |||
Value• | |||
Shares | ($000) | ||
Werner Enterprises Inc. | 49,414 | 1,082 | |
Belden Inc. | 49,029 | 1,079 | |
* | Avis Budget Group Inc. | 108,056 | 1,061 |
* | Old Dominion | ||
Freight Line Inc. | 29,732 | 1,045 | |
Herman Miller Inc. | 55,088 | 1,040 | |
* | EnerSys | 48,417 | 1,035 |
Applied Industrial | |||
Technologies Inc. | 40,505 | 1,026 | |
Simpson | |||
Manufacturing Co. Inc. | 41,679 | 1,023 | |
Deluxe Corp. | 54,261 | 1,017 | |
Rollins Inc. | 47,531 | 983 | |
* | Middleby Corp. | 18,389 | 978 |
Mueller Industries Inc. | 39,629 | 975 | |
* | Advisory Board Co. | 22,631 | 972 |
ABM Industries Inc. | 46,035 | 964 | |
* | Orbital Sciences Corp. | 60,270 | 950 |
Brink’s Co. | 49,779 | 947 | |
Corporate Executive | |||
Board Co. | 35,707 | 938 | |
Heartland Express Inc. | 62,855 | 913 | |
Mine Safety Appliances Co. | 36,406 | 902 | |
Briggs & Stratton Corp. | 53,002 | 902 | |
Watts Water | |||
Technologies Inc. Class A | 31,209 | 894 | |
Healthcare Services | |||
Group Inc. | 47,037 | 891 | |
* | USG Corp. | 73,677 | 890 |
Granite Construction Inc. | 37,032 | 873 | |
* | Beacon Roofing Supply Inc. | 47,783 | 861 |
American Science & | |||
Engineering Inc. | 11,274 | 859 | |
Administaff Inc. | 35,037 | 847 | |
* | Insituform Technologies Inc. | ||
Class A | 40,757 | 835 | |
Franklin Electric Co. Inc. | 28,795 | 830 | |
Barnes Group Inc. | 49,066 | 804 | |
Forward Air Corp. | 29,123 | 794 | |
Knoll Inc. | 57,120 | 759 | |
Mueller Water Products Inc. | |||
Class A | 201,220 | 747 | |
* | Ceradyne Inc. | 34,701 | 742 |
* | Macquarie Infrastructure Co. | ||
LLC | 57,182 | 731 | |
* | CoStar Group Inc. | 18,825 | 730 |
ESCO Technologies Inc. | 28,349 | 730 | |
AZZ Inc. | 19,659 | 723 | |
* | Acacia Research- | ||
Acacia Technologies | 49,768 | 708 | |
Skywest Inc. | 57,869 | 707 | |
�� | Otter Tail Corp. | 36,315 | 702 |
* | Astec Industries Inc. | 25,202 | 699 |
* | AAR Corp. | 41,118 | 688 |
Badger Meter Inc. | 17,562 | 679 |
31
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Consolidated Graphics Inc. | 15,694 | 679 |
* | Blount International Inc. | 65,009 | 668 |
Raven Industries Inc. | 19,759 | 666 | |
CIRCOR International Inc. | 25,966 | 664 | |
Allegiant Travel Co. Class A | 15,531 | 663 | |
* | II-VI Inc. | 22,358 | 662 |
Albany International Corp. | 40,471 | 655 | |
* | Layne Christensen Co. | 26,065 | 633 |
Interface Inc. Class A | 58,678 | 630 | |
* | Armstrong World | ||
Industries Inc. | 20,748 | 626 | |
Aircastle Ltd. | 79,645 | 625 | |
Robbins & Myers Inc. | 28,667 | 623 | |
* | Mobile Mini Inc. | 38,264 | 623 |
* | Cornell Cos. Inc. | 22,858 | 614 |
* | SYKES Enterprises Inc. | 42,688 | 607 |
* | Resources Connection Inc. | 43,680 | 594 |
* | Altra Holdings Inc. | 45,606 | 594 |
* | Polypore International Inc. | 25,790 | 586 |
* | MasTec Inc. | 62,062 | 583 |
Cubic Corp. | 16,024 | 583 | |
Kaman Corp. | 26,113 | 578 | |
Quanex Building | |||
Products Corp. | 33,189 | 574 | |
* | AirTran Holdings Inc. | 116,470 | 565 |
Bowne & Co. Inc. | 49,558 | 556 | |
* | CBIZ Inc. | 85,002 | 541 |
Comfort Systems USA Inc. | 55,807 | 539 | |
* | Marten Transport Ltd. | 25,897 | 538 |
* | GeoEye Inc. | 17,061 | 531 |
Universal Forest | |||
Products Inc. | 17,424 | 528 | |
* | ATC Technology Corp. | 32,703 | 527 |
* | Griffon Corp. | 47,522 | 526 |
* | Interline Brands Inc. | 30,157 | 521 |
* | Korn/Ferry International | 37,264 | 518 |
Arkansas Best Corp. | 24,909 | 517 | |
* | Navigant Consulting Inc. | 48,959 | 508 |
* | Chart Industries Inc. | 32,343 | 504 |
AAON Inc. | 21,486 | 501 | |
Cascade Corp. | 14,031 | 500 | |
* | DigitalGlobe Inc. | 18,945 | 498 |
* | Celadon Group Inc. | 34,905 | 494 |
Applied Signal | |||
Technology Inc. | 24,882 | 489 | |
* | Colfax Corp. | 46,273 | 482 |
* | Ladish Co. Inc. | 20,506 | 466 |
Ameron International Corp. | 7,643 | 461 | |
CDI Corp. | 29,543 | 459 | |
* | Advanced Battery | ||
Technologies Inc. | 138,273 | 454 | |
HEICO Corp. Class A | 16,748 | 451 | |
* | ACCO Brands Corp. | 89,322 | 446 |
* | Dycom Industries Inc. | 51,944 | 444 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | DynCorp International Inc. | ||
Class A | 25,338 | 444 | |
EnergySolutions Inc. | 86,972 | 443 | |
* | Genco Shipping & | ||
Trading Ltd. | 29,321 | 440 | |
*,^ | A123 Systems Inc. | 46,158 | 435 |
* | EnerNOC Inc. | 13,715 | 431 |
* | Michael Baker Corp. | 12,295 | 429 |
TAL International Group Inc. | 18,956 | 426 | |
* | Air Transport Services | ||
Group Inc. | 87,648 | 417 | |
* | American Reprographics Co. | 46,361 | 405 |
* | RBC Bearings Inc. | 13,919 | 404 |
* | Tutor Perini Corp. | 24,395 | 402 |
G&K Services Inc. Class A | 19,313 | 399 | |
* | Huron Consulting Group Inc. | 20,469 | 397 |
* | Pacer International Inc. | 56,698 | 396 |
* | Powell Industries Inc. | 14,388 | 393 |
* | Argon ST Inc. | 11,217 | 385 |
* | United Rentals Inc. | 41,247 | 384 |
Alamo Group Inc. | 17,466 | 379 | |
* | Greenbrier Cos. Inc. | 33,819 | 379 |
Standex International Corp. | 14,675 | 372 | |
American Railcar | |||
Industries Inc. | 30,481 | 368 | |
* | EnPro Industries Inc. | 13,011 | 366 |
Apogee Enterprises Inc. | 33,320 | 361 | |
* | Trex Co. Inc. | 17,944 | 361 |
Steelcase Inc. Class A | 46,355 | 359 | |
Diamond Management & | |||
Technology Consultants Inc. | |||
Class A | 34,547 | 356 | |
US Ecology Inc. | 24,441 | 356 | |
* | Stanley Inc. | 9,467 | 354 |
Dynamic Materials Corp. | 21,983 | 353 | |
* | Cenveo Inc. | 63,856 | 351 |
* | TrueBlue Inc. | 31,233 | 350 |
Ducommun Inc. | 20,417 | 349 | |
Ampco-Pittsburgh Corp. | 16,752 | 349 | |
* | GenCorp Inc. | 78,714 | 345 |
Tredegar Corp. | 21,125 | 345 | |
* | Sensata Technologies | ||
Holding NV | 21,400 | 342 | |
Ennis Inc. | 22,740 | 341 | |
* | Amerco Inc. | 6,159 | 339 |
Tennant Co. | 9,995 | 338 | |
Aceto Corp. | 57,382 | 329 | |
NACCO Industries Inc. | |||
Class A | 3,684 | 327 | |
* | Franklin Covey Co. | 49,678 | 323 |
* | Broadwind Energy Inc. | 114,532 | 321 |
Seaboard Corp. | 212 | 320 | |
* | Kforce Inc. | 24,925 | 318 |
Heidrick & | |||
Struggles International Inc. | 13,925 | 318 |
32
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | M&F Worldwide Corp. | 11,594 | 314 |
Miller Industries Inc. | 23,159 | 312 | |
* | APAC Customer | ||
Services Inc. | 54,276 | 309 | |
* | Exponent Inc. | 9,278 | 304 |
McGrath Rentcorp | 13,057 | 297 | |
* | Commercial Vehicle | ||
Group Inc. | 29,130 | 297 | |
Gorman-Rupp Co. | 11,862 | 297 | |
* | On Assignment Inc. | 58,865 | 296 |
* | PAM Transportation | ||
Services Inc. | 19,559 | 294 | |
* | Fushi Copperweld Inc. | 35,539 | 291 |
* | Orion Marine Group Inc. | 20,336 | 289 |
American Woodmark Corp. | 16,830 | 288 | |
Lindsay Corp. | 8,603 | 273 | |
Titan International Inc. | 27,116 | 270 | |
* | Kelly Services Inc. Class A | 18,073 | 269 |
* | Rush Enterprises Inc. | ||
Class A | 20,010 | 267 | |
*,^ | China BAK Battery Inc. | 152,717 | 266 |
* | American Commercial | ||
Lines Inc. | 11,671 | 263 | |
International | |||
Shipholding Corp. | 11,809 | 261 | |
* | Aerovironment Inc. | 11,747 | 255 |
* | CRA International Inc. | 13,235 | 249 |
* | Builders FirstSource Inc. | 103,207 | 248 |
* | H&E Equipment | ||
Services Inc. | 31,465 | 236 | |
Encore Wire Corp. | 12,935 | 235 | |
John Bean | |||
Technologies Corp. | 15,329 | 234 | |
* | United Capital Corp. | 9,377 | 229 |
* | RSC Holdings Inc. | 36,487 | 225 |
Barrett Business | |||
Services Inc. | 17,835 | 221 | |
* | Hawaiian Holdings Inc. | 42,242 | 218 |
* | PowerSecure | ||
International Inc. | 23,702 | 215 | |
* | Park-Ohio Holdings Corp. | 14,701 | 212 |
* | Northwest Pipe Co. | 10,891 | 207 |
* | Force Protection Inc. | 50,122 | 206 |
* | LB Foster Co. Class A | 7,918 | 205 |
Houston Wire & Cable Co. | 18,879 | 205 | |
* | Gibraltar Industries Inc. | 19,873 | 201 |
Great Lakes Dredge & | |||
Dock Corp. | 33,390 | 200 | |
* | Covenant Transportation | ||
Group Inc. Class A | 29,375 | 198 | |
* | Lydall Inc. | 25,901 | 198 |
* | Flow International Corp. | 83,413 | 197 |
Graham Corp. | 12,900 | 193 | |
* | Columbus McKinnon Corp. | 13,767 | 192 |
Hardinge Inc. | 22,327 | 190 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | GP Strategies Corp. | 25,900 | 188 |
* | School Specialty Inc. | 10,347 | 187 |
* | Wabash National Corp. | 26,209 | 186 |
* | Herley Industries Inc. | 12,997 | 185 |
*,^ | Harbin Electric Inc. | 11,079 | 184 |
Viad Corp. | 10,338 | 182 | |
Federal Signal Corp. | 29,971 | 181 | |
* | Republic Airways | ||
Holdings Inc. | 28,594 | 175 | |
* | Furmanite Corp. | 43,935 | 174 |
* | Taser International Inc. | 43,819 | 171 |
* | ICF International Inc. | 7,116 | 170 |
* | Eagle Bulk Shipping Inc. | 40,231 | 170 |
* | Casella Waste Systems Inc. | ||
Class A | 43,697 | 167 | |
* | NN Inc. | 31,792 | 159 |
*,^ | Capstone Turbine Corp. | 161,626 | 158 |
* | MYR Group Inc. | 9,468 | 158 |
* | DXP Enterprises Inc. | 10,044 | 157 |
* | Sauer-Danfoss Inc. | 12,564 | 154 |
* | Kadant Inc. | 8,297 | 145 |
* | Active Power Inc. | 184,018 | 144 |
* | Pinnacle Airlines Corp. | 25,710 | 140 |
* | Dynamex Inc. | 11,256 | 137 |
* | FuelCell Energy Inc. | 113,930 | 134 |
Todd Shipyards Corp. | 8,929 | 132 | |
* | Dolan Co. | 11,737 | 131 |
* | KAR Auction Services Inc. | 10,500 | 130 |
Lawson Products Inc. | 7,505 | 127 | |
* | Amrep Corp. | 9,968 | 125 |
* | SFN Group Inc. | 22,693 | 124 |
Sun Hydraulics Corp. | 5,260 | 123 | |
Met-Pro Corp. | 11,172 | 120 | |
* | Astronics Corp. | 7,165 | 117 |
* | Fuel Tech Inc. | 18,500 | 117 |
* | Team Inc. | 8,864 | 116 |
* | LaBarge Inc. | 10,000 | 114 |
* | BlueLinx Holdings Inc. | 43,233 | 114 |
LSI Industries Inc. | 23,206 | 113 | |
* | Thermadyne Holdings Corp. | 10,400 | 112 |
* | Hudson Highland Group Inc. | 24,935 | 110 |
* | Vicor Corp. | 8,710 | 109 |
* | Waste Services Inc. | 9,297 | 108 |
* | Intersections Inc. | 26,006 | 108 |
Insteel Industries Inc. | 9,200 | 107 | |
* | Pike Electric Corp. | 11,260 | 106 |
Horizon Lines Inc. Class A | 23,792 | 101 | |
* | UQM Technologies Inc. | 29,004 | 98 |
* | Quality Distribution Inc. | 18,134 | 94 |
* | Sterling Construction Co. Inc. | 7,103 | 92 |
* | Saia Inc. | 6,115 | 92 |
Kimball International Inc. | |||
Class B | 16,424 | 91 | |
* | 3D Systems Corp. | 6,923 | 87 |
33
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
*,^ | China Fire & | ||
Security Group Inc. | 9,400 | 86 | |
*,^ | Ener1 Inc. | 25,510 | 86 |
* | Frozen Food Express | ||
Industries | 24,405 | 85 | |
FreightCar America Inc. | 3,642 | 82 | |
Multi-Color Corp. | 7,996 | 82 | |
* | Metalico Inc. | 19,523 | 78 |
* | LMI Aerospace Inc. | 4,860 | 77 |
* | Innovative Solutions & | ||
Support Inc. | 17,418 | 77 | |
* | Innerworkings Inc. | 11,095 | 76 |
* | Ceco Environmental Corp. | 15,932 | 75 |
HEICO Corp. | 2,028 | 73 | |
* | Tecumseh Products Co. | ||
Class A | 6,472 | 72 | |
* | Allied Defense Group Inc. | 18,589 | 70 |
*,^ | Ascent Solar | ||
Technologies Inc. | 25,100 | 69 | |
* | ExpressJet Holdings Inc. | 25,542 | 66 |
LS Starrett Co. Class A | 6,936 | 66 | |
Schawk Inc. Class A | 3,900 | 58 | |
* | Willis Lease Finance Corp. | 6,149 | 57 |
*,^ | Applied Energetics Inc. | 53,145 | 55 |
* | Titan Machinery Inc. | 4,100 | 54 |
* | Hurco Cos. Inc. | 3,500 | 52 |
* | USA Truck Inc. | 3,200 | 52 |
* | Plug Power Inc. | 109,686 | 50 |
* | WCA Waste Corp. | 11,166 | 50 |
* | Sypris Solutions Inc. | 12,378 | 50 |
* | C&D Technologies Inc. | 54,659 | 48 |
* | PMFG Inc. | 3,100 | 47 |
*,^ | Akeena Solar Inc. | 68,940 | 47 |
* | YRC Worldwide Inc. | 306,698 | 46 |
* | NCI Building Systems Inc. | 5,438 | 46 |
Preformed Line Products Co. | 1,500 | 42 | |
* | Ultralife Corp. | 9,557 | 41 |
* | Magnetek Inc. | 43,974 | 40 |
* | Beacon Power Corp. | 122,700 | 40 |
* | Ocean Power | ||
Technologies Inc. | 7,600 | 39 | |
* | Standard Parking Corp. | 2,434 | 39 |
* | Volt Information | ||
Sciences Inc. | 4,579 | 38 | |
* | China Architectural | ||
Engineering Inc. | 44,792 | 37 | |
* | Innotrac Corp. | 28,417 | 36 |
*,^ | Arotech Corp. | 23,478 | 34 |
*,^ | Valence Technology Inc. | 47,372 | 34 |
* | CAI International Inc. | 2,700 | 32 |
* | Hill International Inc. | 7,800 | 32 |
* | TBS International PLC | ||
Class A | 5,000 | 31 | |
* | Perma-Fix | ||
Environmental Services | 18,664 | 30 |
Market | |||
Value• | |||
Shares | ($000) | ||
*,^ | SmartHeat Inc. | 5,100 | 29 |
* | Energy Recovery Inc. | 7,014 | 28 |
*,^ | Hoku Corp. | 7,102 | 24 |
* | TRC Cos. Inc. | 7,654 | 24 |
* | Document Security | ||
Systems Inc. | 7,400 | 23 | |
Eastern Co. | 1,500 | 22 | |
* | RailAmerica Inc. | 2,200 | 22 |
* | Satcon Technology Corp. | 6,800 | 19 |
Standard Register Co. | 5,673 | 18 | |
* | LECG Corp. | 6,536 | 17 |
Virco Manufacturing | 5,113 | 15 | |
* | Orion Energy Systems Inc. | 4,313 | 14 |
* | Odyssey Marine | ||
Exploration Inc. | 11,062 | 11 | |
Superior Uniform | |||
Group Inc. | 1,093 | 11 | |
Omega Flex Inc. | 600 | 9 | |
Twin Disc Inc. | 600 | 7 | |
* | Rush Enterprises Inc. | ||
Class B | 403 | 5 | |
* | AT Cross Co. Class A | 907 | 5 |
* | Sparton Corp. | 700 | 4 |
* | US Home Systems Inc. | 1,157 | 3 |
* | Wuhan General Group | ||
China Inc. | 2,400 | 3 | |
* | Argan Inc. | 200 | 2 |
* | Universal Truckload | ||
Services Inc. | 57 | 1 | |
* | Integrated Electrical | ||
Services Inc. | 200 | 1 | |
1,319,656 | |||
Information Technology (18.7%) | |||
* | Apple Inc. | 938,318 | 236,015 |
Microsoft Corp. | 8,167,756 | 187,940 | |
International Business | |||
Machines Corp. | 1,344,155 | 165,976 | |
* | Cisco Systems Inc. | 5,924,627 | 126,254 |
* | Google Inc. Class A | 252,351 | 112,284 |
Intel Corp. | 5,715,987 | 111,176 | |
Hewlett-Packard Co. | 2,435,984 | 105,429 | |
Oracle Corp. | 4,148,336 | 89,023 | |
QUALCOMM Inc. | 1,739,013 | 57,109 | |
* | EMC Corp. | 2,124,071 | 38,871 |
Visa Inc. Class A | 485,613 | 34,357 | |
Texas Instruments Inc. | 1,285,137 | 29,918 | |
Corning Inc. | 1,613,147 | 26,052 | |
Accenture PLC Class A | 654,439 | 25,294 | |
* | eBay Inc. | 1,209,744 | 23,723 |
* | Dell Inc. | 1,822,245 | 21,976 |
Automatic Data | |||
Processing Inc. | 522,426 | 21,033 | |
Mastercard Inc. Class A | 102,858 | 20,523 | |
* | Yahoo! Inc. | 1,376,443 | 19,036 |
Applied Materials Inc. | 1,389,838 | 16,706 |
34
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Motorola Inc. | 2,393,305 | 15,604 |
* | Cognizant Technology | ||
Solutions Corp. Class A | 307,918 | 15,414 | |
Broadcom Corp. Class A | 453,896 | 14,965 | |
* | Adobe Systems Inc. | 542,393 | 14,335 |
* | NetApp Inc. | 350,702 | 13,085 |
* | Juniper Networks Inc. | 539,343 | 12,308 |
Tyco Electronics Ltd. | 475,129 | 12,059 | |
* | Symantec Corp. | 834,353 | 11,581 |
Xerox Corp. | 1,365,974 | 10,982 | |
* | Intuit Inc. | 311,469 | 10,830 |
Western Union Co. | 706,579 | 10,535 | |
* | Agilent Technologies Inc. | 361,065 | 10,265 |
* | Salesforce.com Inc. | 116,353 | 9,985 |
* | SanDisk Corp. | 236,761 | 9,961 |
Fidelity National | |||
Information Services Inc. | 329,824 | 8,846 | |
Paychex Inc. | 336,646 | 8,743 | |
* | Marvell Technology | ||
Group Ltd. | 549,582 | 8,661 | |
Analog Devices Inc. | 308,089 | 8,583 | |
* | Citrix Systems Inc. | 190,294 | 8,036 |
CA Inc. | 430,483 | 7,921 | |
Altera Corp. | 307,772 | 7,636 | |
* | Micron Technology Inc. | 880,254 | 7,473 |
Xilinx Inc. | 286,265 | 7,231 | |
* | Fiserv Inc. | 157,629 | 7,197 |
Computer Sciences Corp. | 159,018 | 7,196 | |
* | Akamai Technologies Inc. | 177,243 | 7,191 |
* | Western Digital Corp. | 236,661 | 7,138 |
Amphenol Corp. Class A | 179,277 | 7,042 | |
* | SAIC Inc. | 409,878 | 6,861 |
* | Seagate Technology | 516,466 | 6,735 |
* | BMC Software Inc. | 189,054 | 6,547 |
*,^ | First Solar Inc. | 57,427 | 6,537 |
Linear Technology Corp. | 231,622 | 6,441 | |
* | Cree Inc. | 104,435 | 6,269 |
Activision Blizzard Inc. | 591,235 | 6,202 | |
* | NVIDIA Corp. | 574,981 | 5,871 |
* | Autodesk Inc. | 237,858 | 5,794 |
* | Red Hat Inc. | 195,350 | 5,653 |
* | F5 Networks Inc. | 82,424 | 5,652 |
Harris Corp. | 135,521 | 5,644 | |
* | Sybase Inc. | 85,580 | 5,534 |
* | Teradata Corp. | 174,884 | 5,330 |
Maxim Integrated | |||
Products Inc. | 316,428 | 5,294 | |
Microchip Technology Inc. | 190,714 | 5,290 | |
* | McAfee Inc. | 164,732 | 5,061 |
* | VeriSign Inc. | 190,405 | 5,055 |
* | Lam Research Corp. | 132,766 | 5,053 |
KLA-Tencor Corp. | 178,475 | 4,976 | |
* | Electronic Arts Inc. | 338,219 | 4,870 |
* | Flextronics International Ltd. | 844,289 | 4,728 |
* | FLIR Systems Inc. | 158,792 | 4,619 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | VMware Inc. Class A | 69,253 | 4,335 |
* | Advanced Micro | ||
Devices Inc. | 591,916 | 4,333 | |
* | Rovi Corp. | 107,942 | 4,092 |
* | Avnet Inc. | 157,134 | 3,789 |
* | ANSYS Inc. | 93,343 | 3,787 |
* | Equinix Inc. | 45,352 | 3,684 |
* | Nuance | ||
Communications Inc. | 235,362 | 3,519 | |
* | Trimble Navigation Ltd. | 125,155 | 3,504 |
* | Dolby Laboratories Inc. | ||
Class A | 55,841 | 3,501 | |
National | |||
Semiconductor Corp. | 246,607 | 3,319 | |
* | Alliance Data Systems Corp. | 54,388 | 3,237 |
* | Hewitt Associates Inc. | ||
Class A | 92,755 | 3,196 | |
* | Synopsys Inc. | 152,147 | 3,175 |
* | LSI Corp. | 683,117 | 3,142 |
Factset Research | |||
Systems Inc. | 46,574 | 3,120 | |
Lender Processing | |||
Services Inc. | 99,242 | 3,107 | |
Global Payments Inc. | 84,767 | 3,097 | |
* | Skyworks Solutions Inc. | 182,504 | 3,064 |
* | ON Semiconductor Corp. | 444,083 | 2,833 |
* | Arrow Electronics Inc. | 124,593 | 2,785 |
Jabil Circuit Inc. | 202,742 | 2,697 | |
* | Lexmark International Inc. | ||
Class A | 81,334 | 2,686 | |
Broadridge Financial | |||
Solutions Inc. | 139,704 | 2,661 | |
* | MICROS Systems Inc. | 82,908 | 2,642 |
Solera Holdings Inc. | 72,624 | 2,629 | |
* | Polycom Inc. | 87,438 | 2,605 |
* | Ingram Micro Inc. | 170,254 | 2,586 |
* | Itron Inc. | 41,820 | 2,585 |
* | Novellus Systems Inc. | 99,958 | 2,535 |
* | WebMD Health Corp. | 52,887 | 2,456 |
Tellabs Inc. | 382,194 | 2,442 | |
* | Brocade Communications | ||
Systems Inc. | 461,084 | 2,379 | |
Total System Services Inc. | 174,695 | 2,376 | |
* | IAC/InterActiveCorp | 107,795 | 2,368 |
* | CommScope Inc. | 98,370 | 2,338 |
* | MEMC Electronic | ||
Materials Inc. | 233,037 | 2,302 | |
* | AOL Inc. | 109,670 | 2,280 |
* | Atmel Corp. | 471,094 | 2,261 |
* | JDS Uniphase Corp. | 228,600 | 2,249 |
* | Informatica Corp. | 93,292 | 2,228 |
* | Varian Semiconductor | ||
Equipment Associates Inc. | 77,282 | 2,215 | |
* | VistaPrint NV | 45,111 | 2,142 |
* | Rambus Inc. | 120,293 | 2,108 |
35
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | TIBCO Software Inc. | 172,432 | 2,080 |
* | Novell Inc. | 362,600 | 2,060 |
* | NCR Corp. | 167,598 | 2,031 |
Jack Henry & | |||
Associates Inc. | 83,641 | 1,997 | |
* | Atheros | ||
Communications Inc. | 71,438 | 1,967 | |
* | QLogic Corp. | 117,945 | 1,960 |
National Instruments Corp. | 61,458 | 1,953 | |
* | Parametric Technology Corp. | 122,101 | 1,913 |
* | Compuware Corp. | 237,829 | 1,898 |
* | Tech Data Corp. | 53,125 | 1,892 |
Molex Inc. Class A | 121,264 | 1,874 | |
Diebold Inc. | 68,713 | 1,872 | |
* | Concur Technologies Inc. | 43,766 | 1,868 |
* | Gartner Inc. | 80,221 | 1,865 |
* | Silicon Laboratories Inc. | 45,807 | 1,858 |
* | Avago Technologies Ltd. | 87,703 | 1,847 |
* | PMC - Sierra Inc. | 239,355 | 1,800 |
* | Cybersource Corp. | 70,322 | 1,795 |
* | Rackspace Hosting Inc. | 96,581 | 1,771 |
* | Teradyne Inc. | 181,050 | 1,765 |
* | Riverbed Technology Inc. | 61,962 | 1,711 |
CoreLogic Inc. | 96,515 | 1,704 | |
* | VeriFone Systems Inc. | 88,165 | 1,669 |
* | Cadence Design | ||
Systems Inc. | 283,270 | 1,640 | |
* | GSI Commerce Inc. | 56,862 | 1,638 |
* | NeuStar Inc. Class A | 78,644 | 1,622 |
* | Genpact Ltd. | 103,884 | 1,613 |
ADTRAN Inc. | 58,178 | 1,587 | |
* | Cypress | ||
Semiconductor Corp. | 156,986 | 1,576 | |
Intersil Corp. Class A | 129,729 | 1,571 | |
* | Netlogic Microsystems Inc. | 57,502 | 1,564 |
* | Zebra Technologies Corp. | 60,614 | 1,538 |
* | Ariba Inc. | 92,687 | 1,477 |
* | Monster Worldwide Inc. | 126,015 | 1,468 |
DST Systems Inc. | 40,170 | 1,452 | |
* | MercadoLibre Inc. | 27,478 | 1,444 |
Plantronics Inc. | 50,421 | 1,442 | |
* | Veeco Instruments Inc. | 41,485 | 1,422 |
* | Vishay Intertechnology Inc. | 180,838 | 1,400 |
* | International Rectifier Corp. | 75,081 | 1,397 |
* | CACI International Inc. | ||
Class A | 31,668 | 1,345 | |
* | Arris Group Inc. | 131,759 | 1,343 |
* | Sohu.com Inc. | 31,645 | 1,300 |
* | Progress Software Corp. | 43,265 | 1,299 |
* | Anixter International Inc. | 30,382 | 1,294 |
* | Convergys Corp. | 128,788 | 1,263 |
* | Microsemi Corp. | 86,150 | 1,260 |
* | Blackboard Inc. | 33,070 | 1,235 |
* | Ciena Corp. | 96,180 | 1,220 |
* | Viasat Inc. | 37,455 | 1,220 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Quest Software Inc. | 66,897 | 1,207 |
* | Acxiom Corp. | 79,111 | 1,162 |
* | Omnivision Technologies Inc. | 53,443 | 1,146 |
Sapient Corp. | 112,658 | 1,142 | |
* | Hittite Microwave Corp. | 25,464 | 1,139 |
* | Sanmina-SCI Corp. | 83,656 | 1,139 |
* | Wright Express Corp. | 38,281 | 1,137 |
* | InterDigital Inc. | 45,739 | 1,129 |
* | Plexus Corp. | 41,694 | 1,115 |
* | Coherent Inc. | 32,473 | 1,114 |
* | Fairchild Semiconductor | ||
International Inc. Class A | 130,278 | 1,096 | |
* | Benchmark Electronics Inc. | 68,401 | 1,084 |
* | Aruba Networks Inc. | 74,961 | 1,067 |
Fair Isaac Corp. | 48,940 | 1,066 | |
* | Semtech Corp. | 65,091 | 1,066 |
MAXIMUS Inc. | 18,157 | 1,051 | |
* | RF Micro Devices Inc. | 268,605 | 1,050 |
* | j2 Global | ||
Communications Inc. | 48,022 | 1,049 | |
* | Finisar Corp. | 70,220 | 1,046 |
* | Lawson Software Inc. | 142,983 | 1,044 |
* | Cirrus Logic Inc. | 64,922 | 1,026 |
Blackbaud Inc. | 46,537 | 1,013 | |
* | SuccessFactors Inc. | 48,625 | 1,011 |
* | Mantech International Corp. | ||
Class A | 23,735 | 1,010 | |
*,^ | Synaptics Inc. | 36,154 | 994 |
* | Digital River Inc. | 41,065 | 982 |
* | TriQuint Semiconductor Inc. | 159,851 | 977 |
* | Applied Micro Circuits Corp. | 92,504 | 969 |
* | Cavium Networks Inc. | 36,924 | 967 |
* | Palm Inc. | 167,078 | 951�� |
* | ACI Worldwide Inc. | 48,825 | 951 |
* | CommVault Systems Inc. | 42,113 | 948 |
* | MKS Instruments Inc. | 49,696 | 930 |
* | ValueClick Inc. | 86,569 | 925 |
Power Integrations Inc. | 28,696 | 924 | |
* | Mentor Graphics Corp. | 103,530 | 916 |
* | SRA International Inc. | ||
Class A | 46,336 | 911 | |
* | CSG Systems | ||
International Inc. | 49,123 | 900 | |
* | Comtech | ||
Telecommunications Corp. | 30,047 | 899 | |
Earthlink Inc. | 112,771 | 898 | |
* | JDA Software Group Inc. | 40,800 | 897 |
* | Acme Packet Inc. | 33,201 | 892 |
* | Manhattan Associates Inc. | 32,235 | 888 |
* | Cymer Inc. | 29,556 | 888 |
* | Taleo Corp. Class A | 36,495 | 886 |
* | Blue Coat Systems Inc. | 43,223 | 883 |
* | Advent Software Inc. | 18,801 | 883 |
Syntel Inc. | 25,975 | 882 |
36
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Integrated Device | ||
Technology Inc. | 176,628 | 874 | |
* | DG FastChannel Inc. | 26,762 | 872 |
* | Websense Inc. | 45,987 | 869 |
* | Cabot Microelectronics Corp. | 25,113 | 869 |
* | Checkpoint Systems Inc. | 49,985 | 868 |
* | Littelfuse Inc. | 27,358 | 865 |
* | Tessera Technologies Inc. | 53,125 | 853 |
* | TiVo Inc. | 114,857 | 848 |
* | DTS Inc. | 25,498 | 838 |
* | Tekelec | 63,196 | 837 |
* | Unisys Corp. | 44,779 | 828 |
Cognex Corp. | 45,539 | 801 | |
* | Ebix Inc. | 50,484 | 792 |
* | Take-Two Interactive | ||
Software Inc. | 87,842 | 791 | |
* | Emulex Corp. | 84,667 | 777 |
* | Art Technology Group Inc. | 227,089 | 777 |
* | ADC | ||
Telecommunications Inc. | 104,422 | 774 | |
* | EchoStar Corp. Class A | 39,754 | 759 |
* | FEI Co. | 38,178 | 753 |
* | Forrester Research Inc. | 24,703 | 748 |
* | Constant Contact Inc. | 34,939 | 745 |
* | Brooks Automation Inc. | 94,928 | 734 |
* | MicroStrategy Inc. Class A | 9,701 | 728 |
*,^ | SunPower Corp. Class A | 57,770 | 699 |
* | Epicor Software Corp. | 87,412 | 698 |
* | Brightpoint Inc. | 99,583 | 697 |
* | DealerTrack Holdings Inc. | 42,319 | 696 |
Black Box Corp. | 24,768 | 691 | |
* | Insight Enterprises Inc. | 51,603 | 679 |
* | Scansource Inc. | 27,158 | 677 |
* | Amkor Technology Inc. | 122,164 | 673 |
* | ArcSight Inc. | 30,001 | 672 |
* | EPIQ Systems Inc. | 51,948 | 672 |
* | Tyler Technologies Inc. | 43,250 | 671 |
* | L-1 Identity Solutions Inc. | 81,863 | 670 |
* | AsiaInfo Holdings Inc. | 30,505 | 667 |
* | Advanced Energy | ||
Industries Inc. | 53,694 | 660 | |
* | Netgear Inc. | 36,397 | 649 |
* | Kulicke & | ||
Soffa Industries Inc. | 92,122 | 647 | |
* | Oclaro Inc. | 58,117 | 645 |
* | SonicWALL Inc. | 54,522 | 641 |
* | Euronet Worldwide Inc. | 49,101 | 628 |
* | Electro Scientific | ||
Industries Inc. | 46,117 | 616 | |
* | Harmonic Inc. | 112,986 | 615 |
* | Sonus Networks Inc. | 223,520 | 606 |
* | Actel Corp. | 45,902 | 588 |
* | ADPT Corp. | 203,055 | 587 |
* | Avid Technology Inc. | 45,424 | 578 |
CTS Corp. | 61,479 | 568 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Rofin-Sinar | ||
Technologies Inc. | 27,247 | 567 | |
* | ATMI Inc. | 38,247 | 560 |
* | FormFactor Inc. | 51,626 | 558 |
* | Ultimate Software | ||
Group Inc. | 16,907 | 556 | |
* | Bottomline Technologies Inc. | 41,650 | 543 |
* | Lattice Semiconductor Corp. | 124,916 | 542 |
* | Infinera Corp. | 84,213 | 542 |
AVX Corp. | 42,088 | 540 | |
Methode Electronics Inc. | 54,151 | 527 | |
* | Anadigics Inc. | 120,193 | 524 |
* | LTX-Credence Corp. | 180,861 | 512 |
* | Monolithic Power | ||
Systems Inc. | 28,088 | 502 | |
* | Entegris Inc. | 125,698 | 499 |
* | DivX Inc. | 64,704 | 496 |
* | Intermec Inc. | 48,233 | 494 |
* | Verigy Ltd. | 56,679 | 493 |
* | Netscout Systems Inc. | 34,552 | 491 |
BGC Partners Inc. Class A | 94,929 | 485 | |
* | Radiant Systems Inc. | 33,421 | 483 |
MTS Systems Corp. | 16,550 | 480 | |
* | FARO Technologies Inc. | 25,626 | 479 |
* | Hypercom Corp. | 103,162 | 479 |
* | SunPower Corp. Class B | 44,055 | 476 |
* | Isilon Systems Inc. | 36,977 | 475 |
* | STEC Inc. | 37,451 | 470 |
* | Internet Capital Group Inc. | 61,524 | 468 |
* | Ceva Inc. | 36,858 | 464 |
* | Rogers Corp. | 16,664 | 463 |
Cohu Inc. | 38,147 | 463 | |
* | Actuate Corp. | 102,783 | 457 |
NIC Inc. | 70,879 | 454 | |
* | TeleTech Holdings Inc. | 35,179 | 453 |
* | Interactive Intelligence Inc. | 27,446 | 451 |
Pegasystems Inc. | 14,008 | 450 | |
* | Double-Take Software Inc. | 42,775 | 449 |
* | SAVVIS Inc. | 30,189 | 445 |
* | Netezza Corp. | 32,346 | 443 |
*,^ | Energy Conversion | ||
Devices Inc. | 106,973 | 439 | |
* | ModusLink Global | ||
Solutions Inc. | 72,274 | 436 | |
Heartland Payment | |||
Systems Inc. | 29,166 | 433 | |
United Online Inc. | 74,096 | 427 | |
* | Sourcefire Inc. | 22,064 | 419 |
* | Anaren Inc. | 27,984 | 418 |
* | Diodes Inc. | 26,076 | 414 |
* | Limelight Networks Inc. | 93,632 | 411 |
Park Electrochemical Corp. | 16,718 | 408 | |
* | RealNetworks Inc. | 122,217 | 403 |
* | Imation Corp. | 43,605 | 401 |
* | Electronics for Imaging Inc. | 41,007 | 400 |
37
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | KVH Industries Inc. | 32,029 | 398 |
* | Echelon Corp. | 54,046 | 396 |
* | Cogent Inc. | 43,660 | 393 |
* | Comverge Inc. | 43,335 | 388 |
* | Multi-Fineline Electronix Inc. | 15,523 | 387 |
Molex Inc. | 21,054 | 384 | |
* | Integrated Silicon | ||
Solution Inc. | 50,548 | 381 | |
* | infoGROUP Inc. | 47,758 | 381 |
Agilysys Inc. | 56,901 | 381 | |
* | SYNNEX Corp. | 14,606 | 374 |
* | comScore Inc. | 22,696 | 374 |
*,^ | Sonic Solutions Inc. | 44,739 | 374 |
Micrel Inc. | 36,361 | 370 | |
* | Axcelis Technologies Inc. | 238,137 | 369 |
DDi Corp. | 48,258 | 363 | |
* | Liquidity Services Inc. | 28,012 | 363 |
* | Ciber Inc. | 129,490 | 359 |
* | OpenTable Inc. | 8,500 | 353 |
* | Knot Inc. | 45,091 | 351 |
* | Net 1 UEPS | ||
Technologies Inc. | 26,053 | 349 | |
* | Volterra | ||
Semiconductor Corp. | 14,927 | 344 | |
* | Cray Inc. | 61,604 | 344 |
Electro Rent Corp. | 26,803 | 343 | |
* | Stratasys Inc. | 13,721 | 337 |
* | Loral Space & | ||
Communications Inc. | 7,852 | 335 | |
* | IXYS Corp. | 37,753 | 334 |
Sycamore Networks Inc. | 19,694 | 327 | |
* | Universal Display Corp. | 18,101 | 325 |
* | Lionbridge Technologies Inc. | 71,020 | 325 |
* | Digi International Inc. | 39,209 | 324 |
iGate Corp. | 25,217 | 323 | |
* | Zoran Corp. | 33,695 | 321 |
* | Extreme Networks | 119,004 | 321 |
* | Advanced Analogic | ||
Technologies Inc. | 100,404 | 320 | |
* | Virage Logic Corp. | 26,890 | 320 |
* | Dice Holdings Inc. | 45,307 | 314 |
* | Kopin Corp. | 92,167 | 312 |
* | Callidus Software Inc. | 94,370 | 312 |
* | Cogo Group Inc. | 49,000 | 306 |
* | Aviat Networks Inc. | 83,888 | 305 |
*,^ | Rubicon Technology Inc. | 10,201 | 304 |
* | Standard | ||
Microsystems Corp. | 13,011 | 303 | |
* | TNS Inc. | 17,026 | 297 |
* | Openwave Systems Inc. | 146,244 | 297 |
* | Computer Task Group Inc. | 45,724 | 295 |
* | Sigma Designs Inc. | 29,334 | 294 |
* | Infospace Inc. | 38,415 | 289 |
Renaissance Learning Inc. | 19,631 | 288 | |
* | SolarWinds Inc. | 17,978 | 288 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | OSI Systems Inc. | 10,341 | 287 |
* | Mercury Computer | ||
Systems Inc. | 23,767 | 279 | |
* | Power-One Inc. | 41,205 | 278 |
* | RightNow Technologies Inc. | 17,726 | 278 |
Daktronics Inc. | 35,870 | 269 | |
* | DSP Group Inc. | 41,552 | 266 |
*,^ | Evergreen Solar Inc. | 384,548 | 262 |
* | FSI International Inc. | 62,208 | 261 |
* | Quantum Corp. | 138,134 | 260 |
Bel Fuse Inc. Class B | 15,679 | 259 | |
Keynote Systems Inc. | 28,386 | 256 | |
* | Global Cash Access | ||
Holdings Inc. | 35,265 | 254 | |
* | ExlService Holdings Inc. | 14,760 | 253 |
* | Exar Corp. | 36,490 | 253 |
* | STR Holdings Inc. | 13,444 | 253 |
* | THQ Inc. | 58,382 | 252 |
* | NVE Corp. | 5,775 | 251 |
* | Novatel Wireless Inc. | 42,033 | 241 |
* | EMS Technologies Inc. | 16,026 | 241 |
* | Kenexa Corp. | 19,325 | 232 |
* | Gerber Scientific Inc. | 43,066 | 230 |
* | Hackett Group Inc. | 81,930 | 230 |
* | Globecomm Systems Inc. | 27,684 | 228 |
* | Immersion Corp. | 44,631 | 226 |
* | ActivIdentity Corp. | 116,709 | 223 |
* | Mindspeed | ||
Technologies Inc. | 29,313 | 220 | |
* | Conexant Systems Inc. | 97,485 | 218 |
* | MoneyGram | ||
International Inc. | 88,596 | 217 | |
* | Smith Micro Software Inc. | 22,459 | 214 |
Cass Information | |||
Systems Inc. | 6,041 | 207 | |
* | TTM Technologies Inc. | 21,517 | 204 |
* | Oplink Communications Inc. | 14,100 | 202 |
* | Internap Network | ||
Services Corp. | 46,379 | 193 | |
* | Perficient Inc. | 21,245 | 189 |
* | FalconStor Software Inc. | 71,636 | 189 |
* | BigBand Networks Inc. | 62,211 | 188 |
* | Intevac Inc. | 17,418 | 186 |
*,^ | Emcore Corp. | 206,703 | 184 |
* | LivePerson Inc. | 26,713 | 183 |
* | Synchronoss | ||
Technologies Inc. | 9,493 | 180 | |
* | Entropic | ||
Communications Inc. | 28,035 | 178 | |
* | China Security & | ||
Surveillance | |||
Technology Inc. | 38,145 | 176 | |
* | LoopNet Inc. | 13,986 | 172 |
* | Silicon Graphics | ||
International Corp. | 23,527 | 167 |
38
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
*,^ | Microvision Inc. | 56,255 | 167 |
* | IPG Photonics Corp. | 10,825 | 165 |
* | Stamps.com Inc. | 16,013 | 164 |
* | Newport Corp. | 18,034 | 163 |
* | Ixia | 18,914 | 163 |
* | CalAmp Corp. | 76,096 | 162 |
* | Silicon Image Inc. | 45,871 | 161 |
American Software Inc. | |||
Class A | 34,299 | 158 | |
* | S1 Corp. | 26,317 | 158 |
* | Hutchinson Technology Inc. | 36,235 | 157 |
* | Measurement | ||
Specialties Inc. | 11,379 | 156 | |
* | Integral Systems Inc. | 24,283 | 154 |
* | Compellent Technologies Inc. | 12,535 | 152 |
* | Move Inc. | 73,964 | 152 |
* | DemandTec Inc. | 22,155 | 150 |
* | Terremark Worldwide Inc. | 18,834 | 147 |
* | Ultratech Inc. | 8,814 | 143 |
* | Presstek Inc. | 40,414 | 143 |
* | MIPS Technologies Inc. | ||
Class A | 27,892 | 143 | |
* | Super Micro Computer Inc. | 10,298 | 139 |
* | LogMeIn Inc. | 5,100 | 134 |
Opnet Technologies Inc. | 8,966 | 132 | |
* | GT Solar International Inc. | 22,766 | 128 |
* | LaserCard Corp. | 28,524 | 127 |
* | Nanometrics Inc. | 12,155 | 123 |
* | Cyberoptics Corp. | 12,617 | 122 |
* | Vocus Inc. | 7,836 | 120 |
* | support.com Inc. | 28,656 | 119 |
* | Autobytel Inc. | 104,403 | 119 |
* | Spectrum Control Inc. | 8,322 | 116 |
* | Saba Software Inc. | 22,394 | 115 |
* | Maxwell Technologies Inc. | 9,989 | 114 |
* | LoJack Corp. | 30,792 | 114 |
Imergent Inc. | 30,993 | 112 | |
* | Radisys Corp. | 11,734 | 112 |
* | Edgewater Technology Inc. | 37,984 | 110 |
* | Supertex Inc. | 4,417 | 109 |
* | Dot Hill Systems Corp. | 90,146 | 107 |
*,^ | Wave Systems Corp. | ||
Class A | 32,232 | 104 | |
* | 3PAR Inc. | 11,163 | 104 |
* | Network Equipment | ||
Technologies Inc. | 29,565 | 103 | |
* | LRAD Corp. | 82,441 | 103 |
* | SMART Modular | ||
Technologies WWH Inc. | 17,305 | 101 | |
* | Hughes | ||
Communications Inc. | 4,143 | 101 | |
* | Seachange International Inc. | 11,978 | 99 |
* | PC-Tel Inc. | 19,282 | 97 |
* | VASCO Data Security | ||
International Inc. | 15,503 | 96 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | AuthenTec Inc. | 37,634 | 94 |
Evolving Systems Inc. | 12,876 | 93 | |
* | TeleCommunication | ||
Systems Inc. Class A | 22,329 | 92 | |
* | Dynamics Research Corp. | 9,059 | 92 |
* | Reis Inc. | 13,650 | 89 |
* | Magma Design | ||
Automation Inc. | 31,132 | 88 | |
* | Zygo Corp. | 10,741 | 87 |
* | Concurrent Computer Corp. | 18,716 | 86 |
* | Internet Brands Inc. Class A | 8,358 | 86 |
* | Cinedigm Digital | ||
Cinema Corp. Class A | 66,166 | 86 | |
* | Powerwave | ||
Technologies Inc. | 55,133 | 85 | |
Keithley Instruments Inc. | 9,460 | 84 | |
Technitrol Inc. | 25,898 | 82 | |
* | Pericom | ||
Semiconductor Corp. | 8,393 | 81 | |
* | Unica Corp. | 8,400 | 81 |
* | ShoreTel Inc. | 17,242 | 80 |
* | NetSuite Inc. | 6,300 | 80 |
Marchex Inc. Class B | 19,772 | 76 | |
* | Rudolph Technologies Inc. | 9,937 | 75 |
* | SRS Labs Inc. | 7,958 | 73 |
* | UTStarcom Inc. | 39,498 | 73 |
* | Aware Inc. | 30,241 | 71 |
* | Authentidate Holding Corp. | 104,866 | 66 |
* | Symmetricom Inc. | 12,833 | 65 |
* | Mattson Technology Inc. | 17,005 | 64 |
TheStreet.com Inc. | 22,202 | 64 | |
* | AXT Inc. | 14,100 | 64 |
*,^ | China Information Security | ||
Technology Inc. | 11,907 | 62 | |
* | QuickLogic Corp. | 20,338 | 60 |
* | StarTek Inc. | 15,179 | 59 |
* | Symyx Technologies Inc. | 11,194 | 56 |
* | Photronics Inc. | 12,399 | 56 |
* | MoSys Inc. | 12,209 | 54 |
* | Online Resources Corp. | 12,493 | 52 |
Ipass Inc. | 48,300 | 52 | |
* | NU Horizons | ||
Electronics Corp. | 16,256 | 50 | |
* | Geeknet Inc. | 39,329 | 49 |
* | PC Connection Inc. | 7,935 | 48 |
* | Network Engines Inc. | 17,619 | 48 |
* | Occam Networks Inc. | 7,800 | 43 |
* | PROS Holdings Inc. | 6,600 | 43 |
* | Ness Technologies Inc. | 9,900 | 43 |
* | PLX Technology Inc. | 10,154 | 43 |
* | Rosetta Stone Inc. | 1,800 | 41 |
* | EndWave Corp. | 11,401 | 38 |
* | Information Services | ||
Group Inc. | 18,500 | 37 | |
* | NCI Inc. Class A | 1,600 | 36 |
39
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Transwitch Corp. | 16,332 | 35 |
* | Trident Microsystems Inc. | 23,681 | 34 |
* | Pixelworks Inc. | 11,060 | 33 |
* | TechTeam Global Inc. | 5,448 | 33 |
* | WebMediaBrands Inc. | 36,066 | 32 |
* | Looksmart Ltd. | 26,338 | 31 |
* | Web.com Group Inc. | 8,564 | 31 |
* | Rimage Corp. | 1,873 | 30 |
* | Phoenix Technologies Ltd. | 10,207 | 30 |
* | GSE Systems Inc. | 7,184 | 29 |
* | Ditech Networks Inc. | 22,801 | 29 |
* | PRGX Global Inc. | 6,968 | 29 |
* | Lantronix Inc. | 6,945 | 28 |
* | Datalink Corp. | 6,944 | 28 |
* | PDF Solutions Inc. | 5,752 | 28 |
*,^ | China TransInfo | ||
Technology Corp. | 5,000 | 27 | |
* | CPI International Inc. | 1,600 | 25 |
Bel Fuse Inc. Class A | 1,477 | 25 | |
QAD Inc. | 5,641 | 23 | |
* | Planar Systems Inc. | 13,595 | 23 |
* | Rainmaker Systems Inc. | 18,990 | 23 |
Richardson Electronics Ltd. | 2,516 | 23 | |
* | Tollgrade | ||
Communications Inc. | 3,588 | 23 | |
* | PAR Technology Corp. | 4,300 | 22 |
* | Viasystems Group Inc. | 1,494 | 22 |
* | X-Rite Inc. | 5,944 | 22 |
* | Analysts International Corp. | 8,684 | 21 |
* | Telular Corp. | 7,011 | 21 |
* | Bsquare Corp. | 9,265 | 21 |
* | Ikanos Communications Inc. | 12,643 | 20 |
* | KIT Digital Inc. | 2,300 | 20 |
* | Digital Ally Inc. | 9,000 | 19 |
* | Westell Technologies Inc. | ||
Class A | 12,309 | 19 | |
* | Superconductor | ||
Technologies Inc. | 7,694 | 19 | |
* | RAE Systems Inc. | 22,642 | 18 |
* | MEMSIC Inc. | 7,934 | 18 |
* | ORBCOMM Inc. | 9,500 | 17 |
* | Ramtron International Corp. | 6,348 | 17 |
* | ID Systems Inc. | 6,074 | 16 |
* | Zhone Technologies Inc. | 10,380 | 15 |
* | Comarco Inc. | 6,417 | 15 |
* | eLoyalty Corp. | 2,159 | 13 |
* | Digital Angel Corp. | 25,038 | 13 |
* | Opnext Inc. | 7,514 | 12 |
* | Vertro Inc. | 24,139 | 12 |
* | Zix Corp. | 4,904 | 11 |
* | Research Frontiers Inc. | 2,434 | 11 |
* | Transact Technologies Inc. | 1,434 | 11 |
* | EF Johnson | ||
Technologies Inc. | 7,007 | 10 | |
* | Parkervision Inc. | 7,288 | 9 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | Identive Group Inc. | 5,161 | 8 |
* | Selectica Inc. | 809 | 4 |
* | Nextwave Wireless Inc. | 1,742 | 2 |
* | LeCroy Corp. | 387 | 2 |
* | iGO Inc. | 1,228 | 2 |
* | Management Network | ||
Group Inc. | 579 | 2 | |
* | Frequency Electronics Inc. | 283 | 1 |
* | Wireless Telecom | ||
Group Inc. | 1,279 | 1 | |
* | Allen Organ Co. | ||
Escrow Shares | 283 | 1 | |
* | ICx Technologies Inc. | 100 | 1 |
* | Veraz Networks Inc. | 600 | 1 |
* | Market Leader Inc. | 200 | — |
2,229,675 | |||
Materials (3.8%) | |||
EI du Pont de | |||
Nemours & Co. | 935,287 | 32,352 | |
Newmont Mining Corp. | 499,868 | 30,862 | |
Dow Chemical Co. | 1,190,341 | 28,235 | |
Freeport-McMoRan | |||
Copper & Gold Inc. | 445,541 | 26,345 | |
Monsanto Co. | 564,652 | 26,098 | |
Praxair Inc. | 317,032 | 24,091 | |
Air Products & | |||
Chemicals Inc. | 219,532 | 14,228 | |
Nucor Corp. | 325,896 | 12,475 | |
Ecolab Inc. | 244,505 | 10,981 | |
Alcoa Inc. | 1,055,805 | 10,621 | |
PPG Industries Inc. | 171,717 | 10,373 | |
International Paper Co. | 428,827 | 9,704 | |
Weyerhaeuser Co. | 218,830 | 7,703 | |
Sherwin-Williams Co. | 96,408 | 6,670 | |
Cliffs Natural | |||
Resources Inc. | 139,992 | 6,602 | |
Mosaic Co. | 161,232 | 6,285 | |
Sigma-Aldrich Corp. | 126,040 | 6,281 | |
Vulcan Materials Co. | 130,889 | 5,737 | |
United States Steel Corp. | 148,444 | 5,723 | |
Lubrizol Corp. | 70,946 | 5,698 | |
Airgas Inc. | 81,695 | 5,081 | |
Ball Corp. | 92,648 | 4,895 | |
* | Owens-Illinois Inc. | 174,867 | 4,625 |
CF Industries Holdings Inc. | 70,792 | 4,492 | |
* | Crown Holdings Inc. | 167,234 | 4,188 |
FMC Corp. | 71,340 | 4,097 | |
Allegheny Technologies Inc. | 91,774 | 4,055 | |
Eastman Chemical Co. | 75,307 | 4,018 | |
Martin Marietta | |||
Materials Inc. | 47,027 | 3,988 | |
MeadWestvaco Corp. | 177,544 | 3,941 | |
* | Pactiv Corp. | 137,450 | 3,828 |
Celanese Corp. Class A | 151,016 | 3,762 | |
Ashland Inc. | 76,874 | 3,568 |
40
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
International Flavors & | |||
Fragrances Inc. | 82,134 | 3,484 | |
Albemarle Corp. | 85,509 | 3,396 | |
Walter Energy Inc. | 55,588 | 3,383 | |
Sealed Air Corp. | 164,862 | 3,251 | |
Sonoco Products Co. | 104,077 | 3,172 | |
Bemis Co. Inc. | 112,563 | 3,039 | |
Valspar Corp. | 97,915 | 2,949 | |
Nalco Holding Co. | 143,702 | 2,940 | |
Steel Dynamics Inc. | 213,500 | 2,816 | |
Aptargroup Inc. | 70,705 | 2,674 | |
Reliance Steel & | |||
Aluminum Co. | 72,817 | 2,632 | |
Royal Gold Inc. | 51,973 | 2,495 | |
RPM International Inc. | 135,412 | 2,416 | |
Compass Minerals | |||
International Inc. | 34,059 | 2,394 | |
Packaging Corp. of America | 107,564 | 2,369 | |
Temple-Inland Inc. | 107,081 | 2,213 | |
Domtar Corp. | 44,746 | 2,199 | |
Scotts Miracle-Gro Co. | |||
Class A | 48,934 | 2,173 | |
Cytec Industries Inc. | 50,934 | 2,037 | |
Rock-Tenn Co. Class A | 38,631 | 1,919 | |
Huntsman Corp. | 197,489 | 1,712 | |
* | Solutia Inc. | 125,926 | 1,650 |
* | Titanium Metals Corp. | 93,605 | 1,647 |
* | WR Grace & Co. | 76,406 | 1,608 |
Silgan Holdings Inc. | 56,170 | 1,594 | |
Commercial Metals Co. | 118,197 | 1,563 | |
Cabot Corp. | 64,296 | 1,550 | |
Carpenter Technology Corp. | 46,418 | 1,524 | |
Olin Corp. | 82,215 | 1,487 | |
Greif Inc. Class A | 25,661 | 1,425 | |
AK Steel Holding Corp. | 115,229 | 1,374 | |
* | Coeur d’Alene Mines Corp. | 84,583 | 1,335 |
Sensient Technologies Corp. | 51,436 | 1,334 | |
* | Hecla Mining Co. | 252,714 | 1,319 |
* | Allied Nevada Gold Corp. | 65,706 | 1,293 |
* | Rockwood Holdings Inc. | 54,835 | 1,244 |
NewMarket Corp. | 13,481 | 1,177 | |
Eagle Materials Inc. | 43,910 | 1,139 | |
Arch Chemicals Inc. | 33,825 | 1,040 | |
Balchem Corp. | 39,546 | 989 | |
HB Fuller Co. | 51,437 | 977 | |
Minerals Technologies Inc. | 19,925 | 947 | |
Schweitzer-Mauduit | |||
International Inc. | 18,540 | 935 | |
* | Intrepid Potash Inc. | 47,783 | 935 |
Schnitzer Steel | |||
Industries Inc. | 23,293 | 913 | |
* | Louisiana-Pacific Corp. | 134,478 | 900 |
Worthington Industries Inc. | 67,363 | 866 | |
Innophos Holdings Inc. | 31,965 | 834 | |
* | PolyOne Corp. | 94,948 | 799 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | OM Group Inc. | 32,492 | 775 |
AMCOL International Corp. | 32,468 | 763 | |
Texas Industries Inc. | 25,632 | 757 | |
* | RTI International Metals Inc. | 30,810 | 743 |
* | Calgon Carbon Corp. | 56,089 | 743 |
* | Clearwater Paper Corp. | 11,824 | 647 |
* | Buckeye Technologies Inc. | 62,781 | 625 |
* | Brush Engineered | ||
Materials Inc. | 29,963 | 599 | |
* | Ferro Corp. | 76,467 | 564 |
* | Century Aluminum Co. | 61,617 | 544 |
PH Glatfelter Co. | 49,802 | 540 | |
A Schulman Inc. | 25,370 | 481 | |
* | Graphic Packaging | ||
Holding Co. | 151,002 | 476 | |
* | US Gold Corp. | 94,642 | 474 |
Neenah Paper Inc. | 24,978 | 457 | |
* | Stillwater Mining Co. | 39,142 | 455 |
American Vanguard Corp. | 55,114 | 437 | |
Stepan Co. | 6,343 | 434 | |
* | General Moly Inc. | 139,845 | 431 |
* | Omnova Solutions Inc. | 53,513 | 418 |
* | AM Castle & Co. | 29,827 | 414 |
Koppers Holdings Inc. | 18,336 | 412 | |
Deltic Timber Corp. | 9,732 | 407 | |
Kaiser Aluminum Corp. | 11,155 | 387 | |
Quaker Chemical Corp. | 13,150 | 356 | |
Zep Inc. | 18,993 | 331 | |
Myers Industries Inc. | 39,583 | 320 | |
Haynes International Inc. | 10,235 | 316 | |
Hawkins Inc. | 12,452 | 300 | |
* | US Energy Corp. Wyoming | 63,038 | 299 |
* | Georgia Gulf Corp. | 21,633 | 289 |
Westlake Chemical Corp. | 14,126 | 262 | |
* | Spartech Corp. | 24,653 | 253 |
* | Landec Corp. | 40,136 | 236 |
* | Innospec Inc. | 24,603 | 231 |
* | Horsehead Holding Corp. | 29,877 | 226 |
* | Headwaters Inc. | 78,659 | 223 |
* | Zoltek Cos. Inc. | 26,084 | 221 |
Olympic Steel Inc. | 9,403 | 216 | |
*,^ | Mercer International Inc. | 49,123 | 196 |
* | Wausau Paper Corp. | 27,739 | 188 |
*,^ | China Green Agriculture Inc. | 20,040 | 180 |
* | KapStone Paper and | ||
Packaging Corp. | 14,668 | 163 | |
* | Boise Inc. | 25,852 | 142 |
* | LSB Industries Inc. | 10,487 | 140 |
*,^ | Altair Nanotechnologies Inc. | 272,369 | 87 |
Chase Corp. | 7,279 | 83 | |
* | AEP Industries Inc. | 3,419 | 82 |
* | Universal Stainless & Alloy | 4,711 | 75 |
* | China Agritech Inc. | 7,400 | 75 |
* | Penford Corp. | 10,007 | 65 |
41
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
* | Kraton Performance | ||
Polymers Inc. | 3,300 | 62 | |
*,^ | Flotek Industries Inc. | 48,352 | 58 |
* | Nanophase | ||
Technologies Corp. | 50,251 | 58 | |
* | Ampal American Israel | ||
Class A | 33,649 | 52 | |
*,^ | General Steel Holdings Inc. | 20,670 | 49 |
* | American Pacific Corp. | 9,521 | 48 |
* | China Direct Industries Inc. | 41,168 | 46 |
KMG Chemicals Inc. | 2,800 | 40 | |
* | Yongye International Inc. | 4,834 | 33 |
* | ADA-ES Inc. | 5,900 | 31 |
*,^ | China Precision Steel Inc. | 21,737 | 30 |
* | United States Lime & | ||
Minerals Inc. | 600 | 23 | |
* | Senomyx Inc. | 4,700 | 18 |
* | Puda Coal Inc. | 1,550 | 11 |
* | Sutor Technology | ||
Group Ltd. | 5,291 | 11 | |
* | Verso Paper Corp. | 2,500 | 6 |
450,777 | |||
Telecommunication Services (2.8%) | |||
AT&T Inc. | 6,107,280 | 147,735 | |
Verizon | |||
Communications Inc. | 2,934,301 | 82,219 | |
* | American Tower Corp. | ||
Class A | 415,126 | 18,473 | |
* | Sprint Nextel Corp. | 3,044,646 | 12,909 |
* | Crown Castle | ||
International Corp. | 303,097 | 11,293 | |
CenturyLink Inc. | 307,963 | 10,258 | |
Qwest Communications | |||
International Inc. | 1,611,340 | 8,460 | |
* | NII Holdings Inc. | 172,878 | 5,622 |
Windstream Corp. | 501,154 | 5,292 | |
* | SBA | ||
Communications Corp. | |||
Class A | 115,341 | 3,923 | |
Telephone & | |||
Data Systems Inc. | 90,691 | 2,756 | |
* | tw telecom inc Class A | 149,048 | 2,486 |
^ | Frontier | ||
Communications Corp. | 324,853 | 2,310 | |
* | MetroPCS | ||
Communications Inc. | 257,877 | 2,112 | |
* | Level 3 | ||
Communications Inc. | 1,728,137 | 1,884 | |
* | Syniverse Holdings Inc. | 72,055 | 1,474 |
* | Leap Wireless | ||
International Inc. | 66,808 | 867 | |
* | Cincinnati Bell Inc. | 288,029 | 867 |
* | United States Cellular Corp. | 18,791 | 773 |
Atlantic Tele-Network Inc. | 16,136 | 666 | |
NTELOS Holdings Corp. | 38,160 | 656 |
Market | |||
Value• | |||
Shares | ($000) | ||
Alaska Communications | |||
Systems Group Inc. | 69,455 | 590 | |
* | Clearwire Corp. Class A | 71,630 | 521 |
* | AboveNet Inc. | 9,681 | 457 |
Consolidated | |||
Communications | |||
Holdings Inc. | 25,304 | 430 | |
Shenandoah | |||
Telecommunications Co. | 23,004 | 408 | |
* | Premiere Global | ||
Services Inc. | 59,658 | 378 | |
* | General | ||
Communication Inc. | |||
Class A | 45,071 | 342 | |
* | Cogent Communications | ||
Group Inc. | 43,268 | 328 | |
* | PAETEC Holding Corp. | 86,604 | 295 |
* | Cbeyond Inc. | 23,323 | 292 |
* | Vonage Holdings Corp. | 121,632 | 280 |
USA Mobility Inc. | 21,150 | 273 | |
* | Neutral Tandem Inc. | 22,381 | 252 |
* | Global Crossing Ltd. | 20,678 | 219 |
* | Kratos Defense & | ||
Security Solutions Inc. | 19,602 | 206 | |
Telephone & | |||
Data Systems Inc.- | |||
Special Common Shares | 7,633 | 203 | |
HickoryTech Corp. | 26,063 | 176 | |
* | ICO Global | ||
Communications | |||
Holdings Ltd. | 103,076 | 166 | |
* | IDT Corp. Class B | 11,967 | 153 |
* | Iridium | ||
Communications Inc. | 15,000 | 151 | |
* | FiberTower Corp. | 24,679 | 116 |
* | 8x8 Inc. | 92,343 | 115 |
* | Arbinet Corp. | 10,783 | 86 |
* | SureWest Communications | 9,822 | 62 |
*,^ | TerreStar Corp. | 109,647 | 54 |
* | IDT Corp. | 552 | 6 |
329,594 | |||
Utilities (3.8%) | |||
Southern Co. | 848,892 | 28,251 | |
Exelon Corp. | 682,896 | 25,930 | |
Dominion Resources Inc. | 621,019 | 24,058 | |
Duke Energy Corp. | 1,354,895 | 21,678 | |
NextEra Energy Inc. | 406,759 | 19,834 | |
Public Service Enterprise | |||
Group Inc. | 523,615 | 16,405 | |
American Electric | |||
Power Co. Inc. | 494,729 | 15,980 | |
PG&E Corp. | 384,273 | 15,794 | |
Entergy Corp. | 195,794 | 14,023 | |
Consolidated Edison Inc. | 291,181 | 12,550 | |
PPL Corp. | 475,435 | 11,862 |
42
Institutional Total Stock Market Index Fund
Market | |||
Value• | |||
Shares | ($000) | ||
Progress Energy Inc. | 294,574 | 11,553 | |
Sempra Energy | 242,900 | 11,365 | |
FirstEnergy Corp. | 315,485 | 11,114 | |
Edison International | 320,295 | 10,160 | |
Xcel Energy Inc. | 474,120 | 9,772 | |
Questar Corp. | 180,715 | 8,221 | |
DTE Energy Co. | 171,391 | 7,817 | |
* | AES Corp. | 699,653 | 6,465 |
Constellation Energy | |||
Group Inc. | 197,625 | 6,373 | |
Wisconsin Energy Corp. | 121,248 | 6,152 | |
Ameren Corp. | 246,206 | 5,852 | |
* | NRG Energy Inc. | 271,233 | 5,753 |
CenterPoint Energy Inc. | 411,197 | 5,411 | |
EQT Corp. | 141,873 | 5,127 | |
* | Calpine Corp. | 367,582 | 4,676 |
Northeast Utilities | 182,288 | 4,645 | |
Oneok Inc. | 104,436 | 4,517 | |
SCANA Corp. | 121,382 | 4,341 | |
NiSource Inc. | 286,478 | 4,154 | |
Pinnacle West Capital Corp. | 111,474 | 4,053 | |
NSTAR | 110,700 | 3,874 | |
American | |||
Water Works Co. Inc. | 181,063 | 3,730 | |
OGE Energy Corp. | 100,581 | 3,677 | |
Alliant Energy Corp. | 114,972 | 3,649 | |
Allegheny Energy Inc. | 175,806 | 3,636 | |
Pepco Holdings Inc. | 230,499 | 3,614 | |
CMS Energy Corp. | 238,072 | 3,488 | |
Integrys Energy Group Inc. | 79,376 | 3,472 | |
MDU Resources Group Inc. | 185,225 | 3,340 | |
National Fuel Gas Co. | 71,686 | 3,289 | |
TECO Energy Inc. | 210,923 | 3,179 | |
Energen Corp. | 70,905 | 3,143 | |
DPL Inc. | 124,087 | 2,966 | |
AGL Resources Inc. | 80,953 | 2,900 | |
NV Energy Inc. | 244,036 | 2,882 | |
UGI Corp. | 113,166 | 2,879 | |
ITC Holdings Corp. | 51,861 | 2,744 | |
Atmos Energy Corp. | 97,107 | 2,626 | |
Aqua America Inc. | 142,952 | 2,527 | |
Westar Energy Inc. | 115,417 | 2,494 | |
Great Plains Energy Inc. | 141,131 | 2,402 | |
Hawaiian Electric | |||
Industries Inc. | 96,991 | 2,209 | |
Piedmont Natural | |||
Gas Co. Inc. | 77,143 | 1,952 | |
Nicor Inc. | 47,281 | 1,915 | |
Vectren Corp. | 80,663 | 1,908 | |
WGL Holdings Inc. | 52,638 | 1,791 | |
Cleco Corp. | 63,432 | 1,675 | |
IDACORP Inc. | 50,093 | 1,667 | |
* | Mirant Corp. | 149,248 | 1,576 |
New Jersey Resources Corp. | 43,027 | 1,515 | |
Portland General Electric Co. | 79,144 | 1,451 |
Market | |||
Value• | |||
Shares | ($000) | ||
* | RRI Energy Inc. | 373,655 | 1,416 |
Southwest Gas Corp. | 47,415 | 1,399 | |
South Jersey Industries Inc. | 31,509 | 1,354 | |
Northwest Natural Gas Co. | 28,151 | 1,227 | |
Unisource Energy Corp. | 37,981 | 1,146 | |
Allete Inc. | 33,013 | 1,130 | |
Avista Corp. | 57,391 | 1,121 | |
Black Hills Corp. | 38,328 | 1,091 | |
PNM Resources Inc. | 91,900 | 1,027 | |
NorthWestern Corp. | 38,185 | 1,000 | |
* | El Paso Electric Co. | 46,535 | 900 |
Laclede Group Inc. | 26,615 | 882 | |
MGE Energy Inc. | 23,381 | 843 | |
Empire District Electric Co. | 38,902 | 730 | |
UIL Holdings Corp. | 27,426 | 686 | |
California Water | |||
Service Group | 19,097 | 682 | |
American States Water Co. | 20,418 | 677 | |
CH Energy Group Inc. | 16,096 | 632 | |
Ormat Technologies Inc. | 20,562 | 582 | |
Southwest Water Co. | 50,188 | 526 | |
SJW Corp. | 18,339 | 430 | |
* | Dynegy Inc. Class A | 110,486 | 425 |
Connecticut Water | |||
Service Inc. | 17,283 | 363 | |
Central Vermont Public | |||
Service Corp. | 15,135 | 299 | |
Chesapeake Utilities Corp. | 8,911 | 280 | |
* | Cadiz Inc. | 13,055 | 158 |
Maine & Maritimes Corp. | 3,424 | 152 | |
^ | Consolidated Water Co. Ltd. | 11,813 | 134 |
Middlesex Water Co. | 6,752 | 107 | |
*,^ | Raser Technologies Inc. | 94,870 | 55 |
* | China Natural Gas Inc. | 3,800 | 32 |
Unitil Corp. | 1,343 | 28 | |
York Water Co. | 1,850 | 26 | |
* | Synthesis Energy | ||
Systems Inc. | 15,100 | 17 | |
Pennichuck Corp. | 702 | 15 | |
Artesian Resources Corp. | |||
Class A | 619 | 11 | |
* | Purecycle Corp. | 2,610 | 7 |
449,646 | |||
Total Common Stocks | |||
(Cost $13,396,741) | 11,876,692 | ||
Temporary Cash Investments (0.7%)1 | |||
Money Market Fund (0.6%) | |||
2,3 | Vanguard Market | ||
Liquidity Fund, 0.286% | 79,277,878 | 79,278 |
43
Institutional Total Stock Market Index Fund
Face | Market | ||
Amount | Value• | ||
($000) | ($000) | ||
U.S. Government and Agency Obligations (0.1%) | |||
4,5 | Freddie Mac | ||
Discount Notes, | |||
0.270%, 9/14/10 | 3,000 | 2,999 | |
4,5 | Freddie Mac | ||
Discount Notes, | |||
0.245%, 9/21/10 | 3,000 | 2,999 | |
5,998 | |||
Total Temporary Cash Investments | |||
(Cost $85,275) | 85,276 | ||
Total Investments (100.1%) | |||
(Cost $13,482,016) | 11,961,968 | ||
Other Assets and Liabilities (-0.1%) | |||
Other Assets | 89,021 | ||
Liabilities3 | (100,344) | ||
(11,323) | |||
Net Assets (100%) | 11,950,645 |
At June 30, 2010, net assets consisted of: | |
Amount | |
($000) | |
Paid-in Capital | 13,557,904 |
Undistributed Net Investment Income | 4,654 |
Accumulated Net Realized Losses | (89,650) |
Unrealized Appreciation (Depreciation) | |
Investment Securities | (1,520,048) |
Futures Contracts | (2,215) |
Net Assets | 11,950,645 |
Institutional Shares—Net Assets | |
Applicable to 74,527,330 outstanding | |
$.001 par value shares of beneficial | |
interest (unlimited authorization) | 1,723,281 |
Net Asset Value Per Share— | |
Institutional Shares | $23.12 |
Institutional Plus Shares—Net Assets | |
Applicable to 442,245,248 outstanding | |
$.001 par value shares of beneficial | |
interest (unlimited authorization) | 10,227,364 |
Net Asset Value Per Share— | |
Institutional Plus Shares | $23.13 |
• See Note A in Notes to Financial Statements.
* Non-income-producing security.
^ Part of security position is on loan to broker-dealers. The total value of securities on loan is $29,783,000.
1 The fund invests a portion of its cash reserves in equity markets through the use of index futures contracts. After giving effect to futures investments, the fund’s effective common stock and temporary cash investment positions represent 100.0% and 0.1%, respectively, of net assets.
2 Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield.
3 Includes $32,919,000 of collateral received for securities on loan.
4 The issuer operates under a congressional charter; its securities are not backed by the full faith and credit of the U.S. government.
5 Securities with a value of $5,998,000 have been segregated as initial margin for open futures contracts.
REIT—Real Estate Investment Trust.
See accompanying Notes, which are an integral part of the Financial Statements.
44
Institutional Total Stock Market Index Fund | |
Statement of Operations | |
Six Months Ended | |
June 30, 2010 | |
($000) | |
Investment Income | |
Income | |
Dividends | 117,814 |
Interest1 | 58 |
Security Lending | 1,608 |
Total Income | 119,480 |
Expenses | |
The Vanguard Group—Note B | |
Management and Administrative—Institutional Shares | 394 |
Management and Administrative—Institutional Plus Shares | 1,364 |
Total Expenses | 1,758 |
Net Investment Income | 117,722 |
Realized Net Gain (Loss) | |
Investment Securities Sold | 321,864 |
Futures Contracts | (2,784) |
Realized Net Gain (Loss) | 319,080 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities | (1,199,421) |
Futures Contracts | (2,716) |
Change in Unrealized Appreciation (Depreciation) | (1,202,137) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (765,335) |
1 Interest income from an affiliated company of the fund was $50,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
45
Institutional Total Stock Market Index Fund | ||
Statement of Changes in Net Assets | ||
Six Months Ended | Year Ended | |
June 30, | December 31, | |
2010 | 2009 | |
($000) | ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 117,722 | 226,378 |
Realized Net Gain (Loss) | 319,080 | (122,854) |
Change in Unrealized Appreciation (Depreciation) | (1,202,137) | 2,710,614 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (765,335) | 2,814,138 |
Distributions | ||
Net Investment Income | ||
Institutional Shares | (15,851) | (37,609) |
Institutional Plus Shares | (99,055) | (188,293) |
Realized Capital Gain | ||
Institutional Shares | — | — |
Institutional Plus Shares | — | — |
Total Distributions | (114,906) | (225,902) |
Capital Share Transactions | ||
Institutional Shares | 155,570 | 66,331 |
Institutional Plus Shares | 455,003 | 1,829,292 |
Net Increase (Decrease) from Capital Share Transactions | 610,573 | 1,895,623 |
Total Increase (Decrease) | (269,668) | 4,483,859 |
Net Assets | ||
Beginning of Period | 12,220,313 | 7,736,454 |
End of Period1 | 11,950,645 | 12,220,313 |
1 Net Assets—End of Period includes undistributed net investment income of $4,654,000 and $1,838,000. |
See accompanying Notes, which are an integral part of the Financial Statements.
46
Institutional Total Stock Market Index Fund | ||||||
Financial Highlights | ||||||
Institutional Shares | ||||||
Six Months | ||||||
Ended | ||||||
For a Share Outstanding | June 30, | Year Ended December 31, | ||||
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
Net Asset Value, Beginning of Period | $24.80 | $19.68 | $31.89 | $30.71 | $27.00 | $25.83 |
Investment Operations | ||||||
Net Investment Income | .231 | .483 | .550 | .547 | .501 | .398 |
Net Realized and Unrealized Gain (Loss) | ||||||
on Investments | (1.685) | 5.120 | (12.208) | 1.179 | 3.710 | 1.169 |
Total from Investment Operations | (1.454) | 5.603 | (11.658) | 1.726 | 4.211 | 1.567 |
Distributions | ||||||
Dividends from Net Investment Income | (.226) | (.483) | (.552) | (.546) | (.501) | (.397) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.226) | (.483) | (.552) | (.546) | (.501) | (.397) |
Net Asset Value, End of Period | $23.12 | $24.80 | $19.68 | $31.89 | $30.71 | $27.00 |
Total Return | -5.93% | 28.84% | -36.90% | 5.60% | 15.74% | 6.14% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,723 | $1,700 | $1,106 | $1,271 | $939 | $129 |
Ratio of Total Expenses to | ||||||
Average Net Assets | 0.045%1 | 0.045% | 0.045% | 0.045% | 0.045% | 0.050% |
Ratio of Net Investment Income to | ||||||
Average Net Assets | 1.84%1 | 2.36% | 2.12% | 1.81% | 1.81% | 1.77% |
Portfolio Turnover Rate2 | 10%1 | 13% | 13% | 10% | 8% | 21%3 |
1 Annualized.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares.
3 Includes activity related to a change in the fund’s target index.
See accompanying Notes, which are an integral part of the Financial Statements.
47
Institutional Total Stock Market Index Fund | ||||||
Financial Highlights | ||||||
Institutional Plus Shares | ||||||
Six Months | ||||||
Ended | ||||||
For a Share Outstanding | June 30, | Year Ended December 31, | ||||
Throughout Each Period | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
Net Asset Value, Beginning of Period | $24.81 | $19.68 | $31.89 | $30.71 | $27.00 | $25.83 |
Investment Operations | ||||||
Net Investment Income | .233 | .487 | .556 | .553 | .506 | .404 |
Net Realized and Unrealized Gain (Loss) | ||||||
on Investments | (1.685) | 5.130 | (12.209) | 1.179 | 3.710 | 1.169 |
Total from Investment Operations | (1.452) | 5.617 | (11.653) | 1.732 | 4.216 | 1.573 |
Distributions | ||||||
Dividends from Net Investment Income | (.228) | (.487) | (.557) | (.552) | (.506) | (.403) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.228) | (.487) | (.557) | (.552) | (.506) | (.403) |
Net Asset Value, End of Period | $23.13 | $24.81 | $19.68 | $31.89 | $30.71 | $27.00 |
Total Return | -5.92% | 28.92% | -36.89% | 5.62% | 15.76% | 6.17% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $10,227 | $10,520 | $6,631 | $8,599 | $4,615 | $3,587 |
Ratio of Total Expenses to | ||||||
Average Net Assets | 0.025%1 | 0.025% | 0.025% | 0.025% | 0.025% | 0.025% |
Ratio of Net Investment Income to | ||||||
Average Net Assets | 1.86%1 | 2.38% | 2.14% | 1.83% | 1.83% | 1.80% |
Portfolio Turnover Rate2 | 10%1 | 13% | 13% | 10% | 8% | 21%3 |
1 Annualized.
2 Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares.
3 Includes activity related to a change in the fund’s target index.
See accompanying Notes, which are an integral part of the Financial Statements.
48
Institutional Total Stock Market Index Fund
Notes to Financial Statements
Vanguard Institutional Total Stock Market Index Fund is registered under the Investment Company Act of 1940 as an open-end investment company, or mutual fund. The fund offers two classes of shares, Institutional Shares and Institutional Plus Shares, to investors who invest minimum amounts of $100 million and $200 milli on, respectively.
A. The following significant accounting policies conform to generally accepted accounting principles for U.S. mutual funds. The fund consistently follows such policies in preparing its financial statements.
1. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at th e mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been materially affected by events occurring before the fund’s pricing time but after the close of the sec urities’ primary markets, are valued by methods deemed by the board of trustees to represent fair value. Investments in Vanguard Market Liquidity Fund are valued at that fund’s net asset value. Temporary cash investments acquired over 60 days to maturity are valued using the latest bid prices or using valuations based on a matrix system (which considers such factors as security prices, yields, maturities, and ratings), both as furnished by independent pricing services. Other temporary cash investments are valued at amortized cost, which approximates market value.
2. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, enhancing returns, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in t he underlying index while maintaining a cash balance for liquidity. The fund may seek to enhance returns by using futures contracts instead of the underlying securities when futures are believed to be priced more attractively than the underlying securities. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market.
Futures contracts are valued at their quoted daily settlement pri ces. The aggregate principal amounts of the contracts are not recorded in the Statement of Net Assets. Fluctuations in the value of the contracts are recorded in the Statement of Net Assets as an asset (liability) and in the Statement of Operations as unrealized appreciation (depreciation) until the contracts are closed, when they are recorded as realized futures gains (losses).
3. Federal Income Taxes: The fund intends to continue to qualify as a regulated investment company and distribute all of its taxable income. Management has analyzed the fund’s tax positions taken for all open federal income tax years (December 31, 2006–2009), and for the period ended June 30, 2010, and has concluded that no provision for federal income tax is required in the fund’s financial statements.
4. Distributions: Distributions to shareholders are recorded on the ex-dividend date.
49
Institutional Total Stock Market Index Fund
5. Security Lending: The fund may lend its securities to qualified institutional borrowers to earn additional income. Security loans are required to be secured at all times by collateral at least equal to the market value of securities loaned. The fund invests cash collateral received in Vanguard Market Liquidity Fund, and records a liability for the return of the collateral, during the period the securities are on loan. Security lending income represents the income earned on investing cash collateral, less expenses associated with the loan.
6. Other: Dividend income is recorded on the ex-dividend date. Interest income includes income distributions received from Vanguard Market Liquidity Fund and is accrued daily. Security transactions are accounted for on the date securities are bought or sold. Costs used to determine realized gains (losses) on the sale of investment securities are tho se of the specific securities sold. Class-specific shareholder servicing fees are charged to each class at the contractual rate. Income, expenses not attributable to a specific class, and realized and unrealized gains and losses on investments are allocated to each class of shares based on its relative net assets.
B. The Vanguard Group provides investment advisory, corporate management, administrative, marketing, and distribution services and pays for all other operating expenses, except for taxes, in return for a fee calculated a t an annual percentage rate of the average net assets of the fund, or, for shareholder services, each class of shares. The fund’s trustees and officer s are also directors and officers of Vanguard.
C. Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quote d prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments).
The following table summarizes the fund’s investments as of June 30, 2010, based on the inputs used to value them:
Level 1 | Level 2 | Level 3 | |
Investments | ($000) | ($000) | ($000) |
Common Stocks | 11,876,667 | — | 25 |
Temporary Cash Investments | 79,278 | 5,998 | — |
Futures Contracts—Assets1 | 20 | — | — |
Futures Contracts—Liabilities1 | (468) | — | — |
Total | 11,955,497 | 5,998 | 25 |
1 Represents variation margin on the last day of the reporting period. |
50
Institutional Total Stock Market Index Fund
The following table summarizes changes in investments valued based on Level 3 inputs during the six months ended June 30, 2010:
Investments in | |
Common Stocks | |
Amount Valued Based on Level 3 Inputs | ($000) |
Balance as of December 31, 2009 | 29 |
Total Sales | (2) |
Net Realized Gain (Loss) | (18) |
Change in Unrealized Appreciation (Depreciation) | 16 |
Balance as of June 30, 2010 | 25 |
D. At June 30, 2010, the aggregate settlement value of open futures contracts and the related unrealized appreciation (depreciation) were:
($000) | ||||
Number of | Aggregate | Unrealized | ||
Long (Short) | Settlement | Appreciation | ||
Futures Contracts | Expiration | Contracts | Value | (Depreciation) |
S&P 500 Index | September 2010 | 118 | 30,285 | (836) |
E-mini S&P 500 Index | September 2010 | 545 | 27,975 | (676) |
Russell 2000 Mini Index | September 2010 | 133 | 8,083 | (566) |
S&P MidCap 400 Index | September 2010 | 6 | 2,130 | (137) |
Unrealized appreciation (depreciation) on open futures contracts is required to be treated as realized gain (loss) for tax purposes.
E. Distributions are determined on a tax basis and may differ from net investment income and realized capital gains for financial reporting purposes. Differences may be permanent or temporary. Permanent differences are reclassified among capital accounts in the financial statements to reflect their tax character. Temporary differences arise when certain items of income, expense, gain, or loss are recognized in different periods for financial statement and tax purposes; these differences will reverse at some time in the future. Differences in classification may also result from the trea tment of short-term gains as ordinary income for tax purposes.
The fund’s tax-basis capital gains and losses are determined only a t the end of each fiscal year. For tax purposes, at December 31, 2009, the fund had available capital loss carryforwards totaling $389,387,000 to offset future net capital gains of $26,053,000 through December 31, 2010, $44,357,000 through December 31, 2011, $5,005,000 through December 31, 2012, $9,611,000 through December 31, 2013, $96,976,000 through December 31, 2016, and $207,385,000 through December 31, 2017. In addition, the fund realized losses of $8,450,000 during the period from November 1, 2009, through December 31, 2009, which are deferred and will be treated as realized for tax purposes in fiscal 2010. The fund will use these capital losses to offset net taxable capital gains, if any, realized during the year ending December 31, 2010; should the fund realize net capital losses for the year, the losses will be added to the loss carryforward balance above.
51
Institutional Total Stock Market Index Fund
At June 30, 2010, the cost of investment securities for tax purposes was $13,482,016,000. Net unrealized depreciation of investment securities for tax purposes was $1,520,048,000, consisting of unrealized gains of $865,558,000 on securities that had risen in value since their purchase and $2,385,606,000 in unrealized losses on securities that had fallen in value since their purchase.
F. During the six months ended June 30, 2010, the fund purchased $1,238,773,000 of investment securities and sold $634,532,000 of investment securities, other than temporary cash investments.
G. Capital share transactions for each class of shares were: | ||||
Six Months Ended | Year Ended | |||
June 30, 2010 | December 31, 2009 | |||
Amount | Shares | Amount | Shares | |
($000) | (000) | ($000) | (000) | |
Institutional Shares | ||||
Issued | 537,242 | 21,327 | 616,126 | 36,199 |
Issued in Lieu of Cash Distributions | 13,968 | 557 | 35,139 | 1,632 |
Redeemed | (395,640) | (15,896) | (584,934) | (25,497) |
Net Increase (Decrease)—Institutional Shares | 155,570 | 5,988 | 66,331 | 12,334 |
Institutional Plus Shares | ||||
Issued | 1,139,660 | 45,422 | 3,248,471 | 159,817 |
Issued in Lieu of Cash Distributions | 86,082 | 3,432 | 164,499 | 7,560 |
Redeemed | (770,739) | (30,713) | (1,583,678) | (80,238) |
Net Increase (Decrease)—Institutional Plus Shares | 455,003 | 18,141 | 1,829,292 | 87,139 |
H. In preparing the financial statements as of June 30, 2010, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements.
52
About Your Fund’s Expenses
As a shareholder of the fund, you incur ongoing costs, which include costs for portfolio management, administrative services, and shareholder reports (like this one), among others. Operating expenses, which are deducted from a fund’s gross income, directly reduce the investment return of the fund.
A fund’s expenses are expressed as a percentage of its average net assets. This figure is known as the expense ratio. The following examples are intended to help you understand the ongoing costs (in dollars) of investing in your fund and to compare these costs with those of other mutual funds. The examples are based on an investment of $1,000 made at the beginning of the period shown and held for the entire period.
The accompanying table illustrates your fund’s costs in two ways:
• Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period.
To do so, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number given for your fund under the heading ”Expenses Paid During Period.“
• Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds.
Note that the expenses shown in the table are meant to highlight and help you compare ongoing costs only and do not reflect transaction costs incurred by the fund for buying and selling securities. Your fund does not charge transaction fees, such as purchase or redemption fees, nor does it carry a “sales load.”
The calculations assume no shares were bought or sold during the period. Your actual costs may have been higher or lower, depending on the amount of your investment and the timing of any purchases or redemptions.
You can find more information about the fund’s expenses, including annual expense ratios, in the Financial Statements section of this report. For additional information on operating expenses and other shareholder costs, please refer to your fund’s current prospectus.
53
Six Months Ended June 30, 2010 | |||
Beginning | Ending | Expenses | |
Account Value | Account Value | Paid During | |
Institutional Total Stock Market Index Fund | 12/31/2009 | 6/30/2010 | Period |
Based on Actual Fund Return | |||
Institutional Shares | $1,000.00 | $940.67 | $0.22 |
Institutional Plus Shares | 1,000.00 | 940.77 | 0.12 |
Based on Hypothetical 5% Yearly Return | |||
Institutional Shares | $1,000.00 | $1,024.57 | $0.23 |
Institutional Plus Shares | 1,000.00 | 1,024.67 | 0.13 |
The calculations are based on expenses incurred in the most recent six-month period. The fund’s annualized six-month expense ratios for that period are 0.045% for Institutional Shares and 0.025% for Institutional Plus Shares. The dollar amounts shown as “Expenses Paid” are equal to the annualized expense ratio multiplied by the average account value over the period, multiplied by the number of days in the most recent six-month period, then divided by the number of days in the most recent 12-month period.
54
Trustees Approve Advisory Arrangement
The board of trustees of Vanguard Institutional Total Stock Market Index Fund has renewed the fund’s investment advisory arrangement with The Vanguard Group, Inc. Vanguard—through its Quantitative Equity Group—se rves as the investment advisor for the fund. The board determined that continuing the fund’s internalized management structure was in the best interests of the fund and its shareholders.
The board based its decision upon an evaluation of the advisor’s investment staff, portfolio management process, and performance. The trustees considered the factors discussed below, among ot hers. However, no single factor determined whether the board approved the arrangement. Rather, it was the totality of the circumstances that drove the board’s decision.
Nature, extent, and quality of services
The board considered the quality of the fund’s investment management over both the short and long term, and took into account the organizational depth and stability of the advisor. The board noted that Vanguard has been managing investments for more than three decades. The Quantitative Equity Group adheres to a sound, disciplined investment management process; the team has considerable experience, stability, and depth.
The board concluded that Vanguard’s experience, stability, depth, and performance, among other factors, warranted continuation of the advisory arrangement.
Investment performance
The board considered the short- and long-term performance of the fund, including any periods of outperformance or underperformance of its target index and peer group. The board concluded that the fund has performed in line with expectations, and that its results have been consistent with its investment strategies. Information about the fund’s most recent performance can be found in the Performance Summary section of this report.
Cost
The board concluded that the fund’s expense ratio was well below the average expense ratio charged by funds in its peer group. The board noted that the fund’s advisory expense ratio was also well below its peer-group average. Information about the fund’s expense ratio appears in the About Your Fund’s Expenses section of this report as well as in the Financial Statements section.
The board does not conduct a profitability analysis of Vanguard, because of Vanguard’s unique “at-cost” structure. Unlike most other mutual fund management companies, Vanguard is owned by the funds it oversees, and produces “profits” only in the form of reduced expenses for fund shareholders.
The benefit of economies of scale
The board concluded that the fund’s low-cost arrangement with Vanguard ensures that the fund and its shareholders benefit from economies of scale.
The board will consider whether to renew the advisory arrangement again after a one-year period.
55
Glossary
30-Day SEC Yield. A fund’s 30-day SEC yield is derived using a formula specified by the U.S. Securities and Exchange Commission. Under the formula, data related to the fund’s security holdings in the previous 30 days are used to calculate the fund’s hypothetical net income for that period, which is then annualized and divided by the fund’s estimated average net assets over the calculation period. For the purposes of this calculation, a security’s income is based on its current market yield to maturity (in the case of bonds) or its projected dividend yield (for stocks). Because the SEC yield represents hypothetical annualized income, it will differ—at times significantly—from the fund’s actual experience. As a result, the fund’s income distributions may be higher or lower than implied by the SEC yield.
Beta. A measure of the magnitude of a fund’s past share-price fluctuations in relation to the ups and downs of a given market index. The index is assigned a beta of 1.00. Compared with a given index, a fund with a beta of 1.20 typically would have seen its share price rise or fall by 12% when the index rose or fell by 10%. For this report, beta is based on returns over the past 36 months for both the fund and the index. Note that a fund’s beta should be reviewed in conjunction with its R-squared (see definition). The lower the R-squared, the less correlation there is between the fund and the index, and the less reliable beta is as an indicator of volatility.
Dividend Yield. Dividend income earned by stocks, expressed as a percentage of the aggregate market value (or of net asset value, for a fund). The yield is determined by dividing the amount of the annual dividends by the aggregate value (or net asset value) at the end of the period. For a fund, the dividend yield is based solely on stock holdings and does not include any income produced by other investments.
Earnings Growth Rate. The average annual rate of growth in earnings over the past five years for the stocks now in a fund.
Equity Exposure. A measure that reflects a fund’s investments in stocks and stock futures. Any holdings in short-term reserves are excluded.
Expense Ratio. The percentage of a fund’s average net assets used to pay its annual administrative and advisory expenses. These expenses directly reduce returns to investors.
Foreign Holdings. The percentage of a fund represented by stocks or depositary receipts of companies based outside the United States.
Inception Date. The date on which the assets of a fund (or one of its share classes) are first invested in accordance with the fund’s investment objective. For funds with a subscription period, the inception date is the day after that period ends. Investment performance is measured from the inception date.
Median Market Cap. An indicator of the size of companies in which a fund invests; the midpoint of market capitalization (market price x shares outstanding) of a fund’s stocks, weighted by the proportion of the fund’s assets invested in each stock. Stocks representing half of the fund’s assets have market capitalizations above the median, and the rest are below it.
Price/Book Ratio. The share price of a stock divided by its net worth, or book value, per share. For a fund, the weighted average price/book ratio of the stocks it holds.
56
Price/Earnings Ratio. The ratio of a stock’s current price to its per-share earnings over the past year. For a fund, the weighted average P/E of the stocks it holds. P/E is an indicator of market expectations about corporate prospects; the higher the P/E, the greater the expectations for a company’s future growth.
R-Squared. A measure of how much of a fund’s past returns can be explained by the returns from the market in general, as measured by a given index. If a fund’s total returns were precisely synchronized with an index’s returns, its R-squared would be 1.00. If the fund’s returns bore no relationship to the index’s returns, its R-squared would be 0. For this report, R-squared is based on returns over the past 36 months for both the fund and the index.
Return on Equity. The annual average rate of return generated by a company during the past five years for each dollar of shareholder’s equity (net income divided by shareholder’s equity). For a fund, the weighted average return on equity for the companies whose stocks it holds.
Short-Term Reserves. The percentage of a fund invested in highly liquid, short-term securities that can be readily converted to cash.
Turnover Rate. An indication of the fund’s trading activity. Funds with high turnover rates incur higher transaction costs and may be more likely to distribute capital gains (which may be taxable to investors). The turnover rate excludes in-kind transactions, which have minimal impact on costs.
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The People Who Govern Your Fund
The trustees of your mutual fund are there to see that the fund is operated and managed in your best interests since, as a shareholder, you are a part owner of the f und. Your fund’s trustees also serve on the board of directors of The Vanguard Group, In c., which is owned by the Vanguard funds and provides services to them on an at-cost basis.
A majority of Vanguard’s board members are independent, meaning that they have no affiliation with Vanguard or the funds they oversee, apart from the sizable personal investments they have made as private individuals. The independent board members have distinguished background s in business, academia, and public service. Each of the trustees and executive officers oversees 162 Vanguard funds.
The following table provides information for each trustee and executive officer of the fund. More information about the trustees is in the Statement of Additional Information, which can be obtained, without charge, by contacting Vanguard at 800-662-7447, or online at www.vanguard.com.
Interested Trustee1 | Rajiv L. Gupta |
Born 1945. Trustee Since December 2001.2 | |
F. William McNabb III | Principal Occupation(s) During the Past Five Years: |
Born 1957. Trustee Since July 2009. Chairman of the | Chairman and Chief Executive Officer (retired 2009) |
Board. Principal Occupation(s) During the Past Five | and President (2006–2008) of Rohm and Haas Co. |
Years: Chairman of the Board of The Vanguard Group, | (chemicals); Director of Tyco International, Ltd. |
Inc., and of each of the investment companies served | (diversified manufacturing and services) and Hewlett- |
by The Vanguard Group, since January 2010; Director | Packard Co. (electronic computer manufacturing); |
of The Vanguard Group since 2008; Chief Executive | Trustee of The Conference Board; Member of the |
Officer and President of The Vanguard Group and of | Board of Managers of Delphi Automotive LLP |
each of the investment companies served by The | (automotive components). |
Vanguard Group since 2008; Director of Vanguard | |
Marketing Corporation; Managing Director of The | Amy Gutmann |
Vanguard Group (1995–2008). | Born 1949. Trustee Since June 2006. Principal |
Occupation(s) During the Past Five Years: President | |
of the University of Pennsylvania; Christopher H. | |
Independent Trustees | Browne Distinguished Professor of Political Science |
in the School of Arts and Sciences with secondary | |
Emerson U. Fullwood | appointments at the Annenberg School for Commu- |
Born 1948. Trustee Since January 2008. Principal | nication and the Graduate School of Education of |
Occupation(s) During the Past Five Years: Executive | the University of Pennsylvania; Director of Carnegie |
Chief Staff and Marketing Officer for North America | Corporation of New York, Schuylkill River Development |
and Corporate Vice President (retired 2008) of Xerox | Corporation, and Greater Philadelphia Chamber of |
Corporation (document management products and | Commerce; Trustee of the National Constitution Center; |
services); Director of SPX Corporation (multi-industry | Chair of the Presidential Commission for the Study of |
manufacturing), the United Way of Rochester, | Bioethical Issues. |
Amerigroup Corporation (managed health care), | |
the University of Rochester Medical Center, and | |
Monroe Community College Foundation. |
JoAnn Heffernan Heisen | Executive Officers | |
Born 1950. Trustee Since July 1998. Principal | ||
Occupation(s) During the Past Five Years: Corporate | Thomas J. Higgins | |
Vice President and Chief Global Diversity Officer since | Born 1957. Chief Financial Officer Since September | |
2006 (retired 2008) and Member of the Executive | 2008. Principal Occupation(s) During the Past Five | |
Committee (retired 2008) of Johnson & Johnson | Years: Principal of The Vanguard Group, Inc.; Chief | |
(pharmaceuticals/consumer products); Vice President | Financial Officer of each of the investment companies | |
and Chief Information Officer of Johnson & Johnson | served by The Vanguard Group since 2008; Treasurer | |
(1997–2005); Director of the University Medical Center | of each of the investment companies served by The | |
at Princeton and Women’s Research and Education | Vanguard Group (1998–2008). | |
Institute; Member of the Advisory Board of the | ||
Maxwell School of Citizenship and Public Affairs | Kathryn J. Hyatt | |
at Syracuse University. | Born 1955. Treasurer Since November 2008. Principal | |
Occupation(s) During the Past Five Years: Principal | ||
F. Joseph Loughrey | of The Vanguard Group, Inc.; Treasurer of each of | |
Born 1949. Trustee Since October 2009. Principal | the investment companies served by The Vanguard | |
Occupation(s) During the Past Five Years: President | Group since 2008; Assistant Treasurer of each of the | |
and Chief Operating Officer since 2005 (retired 2009) | investment companies served by The Vanguard Group | |
and Vice Chairman of the Board (2008–2009) of | (1988–2008). | |
Cummins Inc. (industrial machinery); Director of | ||
SKF AB (industrial machinery), Hillenbrand, Inc. | Heidi Stam | |
(specialized consumer services), Sauer-Danfoss Inc. | Born 1956. Secretary Since July 2005. Principal | |
(machinery), the Lumina Foundation for Education, | Occupation(s) During the Past Five Years: Managing | |
and Oxfam America; Chairman of the Advisory Council | Director of The Vanguard Group, Inc., since 2006; | |
for the College of Arts and Letters at the University of | General Counsel of The Vanguard Group since 2005; | |
Notre Dame. | Secretary of The Vanguard Group and of each of the | |
investment companies served by The Vanguard Group | ||
André F. Perold | since 2005; Director and Senior Vice President of | |
Born 1952. Trustee Since December 2004. Principal | Vanguard Marketing Corporation since 2005; | |
Occupation(s) During the Past Five Years: George | Principal of The Vanguard Group (1997–2006). | |
Gund Professor of Finance and Banking at the Harvard | ||
Business School; Chair of the Investment Committee | ||
of HighVista Strategies LLC (private investment firm). | Vanguard Senior Management Team | |
Alfred M. Rankin, Jr. | R. Gregory Barton | Michael S. Miller |
Born 1941. Trustee Since January 1993. Principal | Mortimer J. Buckley | James M. Norris |
Occupation(s) During the Past Five Years: Chairman, | Kathleen C. Gubanich | Glenn W. Reed |
President, and Chief Executive Officer of NACCO | Paul A. Heller | George U. Sauter |
Industries, Inc. (forklift trucks/housewares/lignite); | ||
Director of Goodrich Corporation (industrial products/ | ||
aircraft systems and services); Chairman of the Federal | Chairman Emeritus and Senior Advisor | |
Reserve Bank of Cleveland; Trustee of The Cleveland | ||
Museum of Art. | John J. Brennan | |
Chairman, 1996–2009 | ||
Peter F. Volanakis | Chief Executive Officer and President, 1996–2008 | |
Born 1955. Trustee Since July 2009. Principal | ||
Occupation(s) During the Past Five Years: President | ||
since 2007 and Chief Operating Officer since 2005 | Founder | |
of Corning Incorporated (communications equipment); | ||
President of Corning Technologies (2001–2005); | John C. Bogle | |
Director of Corning Incorporated and Dow Corning; | Chairman and Chief Executive Officer, 1974–1996 | |
Trustee of the Corning Incorporated Foundation and | ||
the Corning Museum of Glass; Overseer of the | ||
Amos Tuck School of Business Administration at | ||
Dartmouth College. |
1 Mr. McNabb is considered an “interested person,” as defined in the Investment Company Act of 1940, because he is an officer of the Vanguard funds.
2 December 2002 for Vanguard Equity Income Fund, Vanguard Growth Equity Fund, the Vanguard Municipal Bond Funds, and the Vanguard State Tax-Exempt Funds.
![]() | |
P.O. Box 2600 | |
Valley Forge, PA 19482-2600 |
Connect with Vanguard® > Vanguard.com
Fund Information > 800-662-7447 | The funds or securities referred to herein are not |
Direct Investor Account Services > 800-662-2739 | sponsored, endorsed, or promoted by MSCI, and MSCI |
Institutional Investor Services > 800-523-1036 | bears no liability with respect to any such funds or |
Text Telephone for People | securities. For any such funds or securities, the |
With Hearing Impairment > 800-749-7273 | prospectus or the Statement of Additional Information |
contains a more detailed description of the limited | |
relationship MSCI has with The Vanguard Group and | |
This material may be used in conjunction | any related funds. |
with the offering of shares of any Vanguard | |
fund only if preceded or accompanied by | |
the fund’s current prospectus. | |
All comparative mutual fund data are from Lipper Inc. or | |
Morningstar, Inc., unless otherwise noted. | |
You can obtain a free copy of Vanguard’s proxy voting | |
guidelines by visiting our website, Vanguard.com, and | |
searching for “proxy voting guidelines,” or by calling | |
Vanguard at 800-662-2739. The guidelines are also | |
available from the SEC’s website, sec.gov. In addition, | |
you may obtain a free report on how your fund voted the | |
proxies for securities it owned during the 12 months | |
ended June 30. To get the report, visit either | |
Vanguard.com or sec.gov. | |
You can review and copy information about your fund at | |
the SEC’s Public Reference Room in Washington, D.C. To | |
find out more about this public service, call the SEC at | |
202-551-8090. Information about your fund is also | |
available on the SEC’s website, and you can receive | |
copies of this information, for a fee, by sending a | |
request in either of two ways: via e-mail addressed to | |
publicinfo@sec.gov or via regular mail addressed to the | |
Public Reference Section, Securities and Exchange | |
Commission, Washington, DC 20549-1520. | |
© 2010 The Vanguard Group, Inc. | |
All rights reserved. | |
Vanguard Marketing Corporation, Distributor. | |
Q8712 082010 |
Item 2: Not Applicable.
Item 3: Not Applicable.
Item 4: Not Applicable.
Item 5: Not Applicable.
Item 6: Not Applicable.
Item 7: Not Applicable.
Item 8: Not Applicable.
Item 9: Not Applicable.
Item 10: Not Applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant's Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. There were no significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Exhibits.
(a) Code of Ethics.
(b) Certifications.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
VANGUARD INSTITUTIONAL INDEX FUNDS | |
By: | /s/ F. WILLIAM MCNABB III* |
F. WILLIAM MCNABB III | |
CHIEF EXECUTIVE OFFICER | |
Date: August 23, 2010 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD INSTITUTIONAL INDEX FUNDS | |
By: | /s/ F. WILLIAM MCNABB III* |
F. WILLIAM MCNABB III | |
CHIEF EXECUTIVE OFFICER | |
Date: August 23, 2010 |
VANGUARD INSTITUTIONAL INDEX FUNDS | |
By: | /s/ THOMAS J. HIGGINS* |
THOMAS J. HIGGINS | |
CHIEF FINANCIAL OFFICER | |
Date: August 23, 2010 |
* By: /s/ Heidi Stam
Heidi Stam, pursuant to a Power of Attorney filed on April 26, 2010, see file Number
33-53683, is Incorporated by Reference.